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Speaker 1: Welcome to How to Money.

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Speaker 2: I'm Joel and I am Matt, and today we're having

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Speaker 2: a financial festivus. We're sharing listener money wins.

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Speaker 3: Who hopefully that didn't come in too hot if you

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Speaker 3: are listening with some of earbuds on. But yeah, man,

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Speaker 3: we have an excellent episode lined up for folks today

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Speaker 3: where we're gonna share a ton of financial wins from

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Speaker 3: listeners that listeners sent in via voice memo. But we've

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Speaker 3: also got a few that we're gonna read off that

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Speaker 3: we're sent either via email, some that were shared up

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Speaker 3: in the Facebook.

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Speaker 2: Group by the way, we requested these on Facebook and

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Speaker 2: via ore had of Money newsletter. And I'm gonna we're

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Speaker 2: gonna send books out to every single person who sent

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Speaker 2: in their voice memo. You're gonna be getting an awesome

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Speaker 2: personal finance book from a guest who's been on the show.

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Speaker 2: So thank you most off for participating. And there's a

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Speaker 2: lot to learn, Like I learned stuff, and I'd love

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Speaker 2: seeing not just the accomplishments, but like learning from fellow

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Speaker 2: listeners is pretty cool. But before we get into listener

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Speaker 2: money wins, maybe we should share our own. What do

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Speaker 2: you think you got one to you want to go

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Speaker 2: a start, you you kick it.

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Speaker 1: Off, Okay, I'll kick it off.

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Speaker 2: So I think my big money win is actually it's

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Speaker 2: kind of small in a way, but.

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Speaker 1: I think it was.

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Speaker 2: Then you should call it a small money.

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Speaker 1: Small money it kind of is.

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Speaker 2: But it actually probably it's bigger than I like to

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Speaker 2: let on, I guess, because it prevented me from spending

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Speaker 2: lots of money in a way that I otherwise might have.

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Speaker 2: And it was just kind of keeping my desires in check,

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Speaker 2: your day to day spending, so less like the day

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Speaker 2: to day stuff, but more a bigger purchase. And so

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Speaker 2: we added a second car to our fleet for the

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Speaker 2: time being. I don't know if we'll keep a second

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Speaker 2: car around, but we I think really, I think we

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Speaker 2: actually probably will.

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Speaker 1: Like honestly, when it comes down to it.

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Speaker 2: You've already you've already paid it. You've paid the tax.

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Speaker 1: On it as well.

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Speaker 4: Right.

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Speaker 3: That's one of the other downsides with the advolorum switch

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Speaker 3: that Georgia instituted a few years ago, because you pay

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Speaker 3: for in one fell swoop as opposed to year, and

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Speaker 3: then every year you just paid it twenty two dollars

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Speaker 3: or whatever. So yeah, so we bought a new car,

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Speaker 3: but a new car to us, it was a very

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Speaker 3: very used car. And but part of me was like, Oh,

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Speaker 3: the EV tax credit, and so should I jump on

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Speaker 3: that and get one of the inexpensive ones like the

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Speaker 3: Chevy Bolt or something like that, and maybe that'll pay

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Speaker 3: off over time and maybe that'll be the smart move

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Speaker 3: or whatever. But I was like, you know what, no, no, no, no,

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Speaker 3: I've got better things to do with that money. I've

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Speaker 3: always said that I don't want to tie much money

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Speaker 3: up in vehicles. That's tying up more than I feel

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Speaker 3: comfortable with or more than I want essentially tied up

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Speaker 3: in that. And so yeah, I think keeping my desires

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Speaker 3: in check and buying a cheap, a really inexpensive five

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Speaker 3: used car, to me, that was my big money one

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Speaker 3: of these as opposed to finally giving in splurgeing getting

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Speaker 3: that EV you mentioned.

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Speaker 2: Would you say, Chevy Chevy Bolt Bolt? Yeah, do you

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Speaker 2: think you'd actually get it?

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Speaker 3: Because on one hand, I don't see you necessarily getting

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Speaker 3: a Bolt, but I also don't see you getting You're

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Speaker 3: not going to get a Rivian, But I could see

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Speaker 3: you falling somewhere in the middle, especially once when Tesla

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Speaker 3: was the lowering their prices here.

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Speaker 1: Should I got a little t Oh, for sure, a

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Speaker 1: little bit.

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Speaker 2: But I'm also like, when I started look at the numbers,

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Speaker 2: I was like, wait a second, the Bolt's ten grand

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Speaker 2: cheaper than the Model three, even after those price cuts,

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Speaker 2: And so like, I'm just I'm a cheap skate.

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Speaker 3: I'm like, just if I would have gotten a Bolt,

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Speaker 3: I think I would have seriously considered spending an extra

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Speaker 3: ten k because we've got the money for it. We're

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Speaker 3: slowly amassing up a little savings bucket because it's somewhat inevitable.

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Speaker 3: Man Like, as the kids are getting older, it's like,

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Speaker 3: and y'all have realized this sooner than we have, but

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Speaker 3: the kids are going in different directions. Yeah, and we're

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Speaker 3: looking ahead and starting to see that.

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Speaker 2: I mean, every year you're able to kind of deal

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Speaker 2: with life with just one car is a win, I think.

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Speaker 2: But yeah, it's getting to the point where it was

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Speaker 2: more difficult to pull off. And so I agree, like

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Speaker 2: the Teslas are cooler, but I was like, are they

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Speaker 2: ten grand cooler? Like the range isn't much different? Do

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Speaker 2: you need an electric car? And ultimately what I came

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Speaker 2: down to was I don't need any of that stuff.

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Speaker 2: I just need a cheap use car, So you go, man,

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Speaker 2: I love.

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Speaker 3: It all right, So I've got my money win. It's

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Speaker 3: a two parter, all right. So the first part is

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Speaker 3: going to be very expected. Perhaps this has been a

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Speaker 3: good year financially, so we were able to max our

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Speaker 3: tax advantage different accounts that are available to us. So

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Speaker 3: that's great something we did. I don't think we're going

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Speaker 3: to do it every single year, but at the beginning

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Speaker 3: of the year we had been working towards that and

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Speaker 3: had the money it was sitting there on the sidelines.

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Speaker 3: The ability to pull the trigger get that money into

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Speaker 3: those accounts.

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Speaker 2: Goodyear to get it in at the beginning too. Absolutely, well,

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Speaker 2: three out of four years, it's going to be better.

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Speaker 2: That's kind of like the nerdy expected when from a

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Speaker 2: personal finance podcast host, right. But my other win, I

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Speaker 2: would say, is the money that we spent, and specifically

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Speaker 2: in the area of vacation and travel. Did we I

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Speaker 2: hadn't traveled out of the country in over ten years,

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Speaker 2: like literally was over a decade, and we were able

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Speaker 2: to go with our wives to Scotland earlier this year.

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Speaker 2: I'm sure I don't need to remind folks because they're

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Speaker 2: here in that dumb abay at the beginning of every

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Speaker 2: single episode, the ability to we're kind of shifting different

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Speaker 2: to a different phase of life where we have a

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Speaker 2: little more mobility as the kids are have gotten older,

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Speaker 2: because we've had four kids over the past decade, and

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Speaker 2: so us taking that trip, also taking the kids to

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Speaker 2: Disney last year, we started looking ahead and we were thinking, man,

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Speaker 2: this is probably going to be a great time for

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Speaker 2: us to take all four. One's not too old, but

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Speaker 2: one's also not too young.

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Speaker 3: And knowing that we're not likely going to be going

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Speaker 3: there every single year, we kind of splurged a little bit, right,

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Speaker 3: and so we went to Universal for a few days,

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Speaker 3: stayed at a nice hotel, went to Disney, we stayed

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Speaker 3: on the resort.

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Speaker 2: We were there for a few days. Lightning passes all around. Like,

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Speaker 2: we spent a lot.

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Speaker 3: Of money, and you don't necessarily have to spend a

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Speaker 3: lot of money in order to go to Disney, but

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Speaker 3: for us, it was sort of a marker to be like,

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Speaker 3: you know what, our priorities are shifting a little bit,

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Speaker 3: and the desire for us to create some amazing memories

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Speaker 3: with our kids. There's a ticking clock as to the

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Speaker 3: number of years that we have left, especially with our

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Speaker 3: oldest right like less than eight years, and even still

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Speaker 3: the amount of time we have on earth. Man, it's limited.

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Speaker 3: And I don't have terminal cancer or anything, you know,

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Speaker 3: but not yet, Like maybe next week I will, but

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Speaker 3: like it's not I hope not as well, man, But

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Speaker 3: like that's just in the back of my mind. And

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Speaker 3: so the ability when you've been sort of a cheap

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Speaker 3: skate and when you've been investing your dollars pulling back

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Speaker 3: from doing that as hard as you can. I almost

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Speaker 3: see this year as being sort of a transition year

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Speaker 3: where it's like at the beginning, we started out like

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Speaker 3: like we normally would like guns blazing as far as investing,

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Speaker 3: but then slowly starting to well, in this case, we

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Speaker 3: didn't slowly transition. We like pulled the trigger over.

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Speaker 2: It's like, all right, we're traveling. This is important to us,

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Speaker 2: Bazuka of travel for you, Yeah, and hopefully next year

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Speaker 2: it won't cost nearly as much. But for a lot

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Speaker 2: of folks who find themselves on the cheap side, maybe

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Speaker 2: if you're just hesitant to spend your money, it's just

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Speaker 2: a good practice and I'm certainly looking forward to prioritizing,

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Speaker 2: especially the time of the kids and you and Emily

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Speaker 2: as well. We love spending time with y'all. When you

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Speaker 2: think of savings as deferred spending, it's all spending. Yeah,

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Speaker 2: I think that's what that helps reinforce. Wait, do I

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Speaker 2: want to pull some of that into the now? And

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Speaker 2: for a lot of our listeners who have been hyper

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Speaker 2: frugal for a long time, you might want to, right,

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Speaker 2: So I agree, I think you're right. That's something we

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Speaker 2: try to prioritize on the show too, talking about that balance,

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Speaker 2: that happy medium saving investing well while spending money on

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Speaker 2: the things that matter right here in here in the

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Speaker 2: president as well. It's crucial, right, And there's so much

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Speaker 2: deprivation talk in the personal finance space. And yeah, it's

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Speaker 2: not that you don't have to forsake and sacrifice some

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Speaker 2: for your future self. You do, clearly, But we think

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Speaker 2: you can do You can do both, You can prioritize

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Speaker 2: both simultaneously. And the pendulum is going to be shifting

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Speaker 2: over time. But your pendulum seems to be kind of

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Speaker 2: moving backwards, just a little bit a little forward, I don't.

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Speaker 1: Know in a good direction.

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Speaker 3: It depends on your attitude. Yeah, and we live this

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Speaker 3: out every single episode when we have a craft beer

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Speaker 3: on the show. That's why we spend typically inordinate amounts

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Speaker 3: of money. It's kind of ridiculous sums of money on

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Speaker 3: craft beer. It's an example of living in the here

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Speaker 3: now while also being smart for the future.

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Speaker 1: But we did. We didn't spend a time on this one.

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Speaker 3: This particular beer we got for free. This is another

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Speaker 3: one that was donated to the show by Joe. It's

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Speaker 3: called Chronic Happiness IPA, another beer by Frog Rock Brewery.

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Speaker 3: So looking forward to enjoying this one today we'll share

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Speaker 3: our thoughts.

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Speaker 2: Yeah, my big money miss this year to before we again,

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Speaker 2: that was the tree falling through my roof and the giant,

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Speaker 2: giant deductible.

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Speaker 1: That I have.

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Speaker 2: So I've talked about I haven't really followed up on it.

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Speaker 2: My house is back, we're back, everything's fine. But it

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Speaker 2: was it was a big pain for a few months.

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Speaker 2: But it's not a miss because did you lower your

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Speaker 2: deductible since then? No, I have exactly. It's just an

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Speaker 2: unfortunate chain of events is what happens. So it's not

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Speaker 2: a miss. You did the right thing. You raised your deductible.

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Speaker 2: You are saving money every single month in what it

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Speaker 2: is that you're paying towards insurance. Yeah, it's just a

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Speaker 2: bummer that I have not changed my tune on high

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Speaker 2: deductibles if you have enough in savings. But it was

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Speaker 2: all it was still kind of a brutal thing to

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Speaker 2: counter big financial hardship. It's a bummer. Yeah, yeah, all right,

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Speaker 2: maybe it's more bummer, all right, but yeah, and we'll

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Speaker 2: take This is kind of a replacement for a Money

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Speaker 2: Questions episode. This is we're sharing your money wins. This

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Speaker 2: is the financial Festive, is something we do at the

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Speaker 2: end of every single year. We want to hear from

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Speaker 2: you and Matt. Let's play the first money win from

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Speaker 2: a listener who really inspired me.

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Speaker 5: Hi, Matt Angel. My name is Anissa. I'm twenty four

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Speaker 5: years old from Fort Worth, Texas. I've been listening since

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Speaker 5: twenty nineteen, and I binged every episode at my full

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Speaker 5: time job as a professional house cleaner. At the time,

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Speaker 5: I was also a full time first generation college student

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Speaker 5: studying business and wasn't sure if or when i'd graduate,

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Speaker 5: let alone what my major is going to be. Your

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Speaker 5: influence has ranged from when I wrapped my car for

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Speaker 5: an incentive for my cleaning job to choosing financial planning

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Speaker 5: as my major. This last spring, I graduated from my

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Speaker 5: university with a bachelor's degree in risk insurance and Financial services,

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Speaker 5: and I am now working for a well known financial

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Speaker 5: firm that has a generous seven percent four h one

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Speaker 5: K match one thousand dollars annual HSA employer contribution and

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Speaker 5: student dep program, as well as sponsoring me for my

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Speaker 5: necessary licenses. This has allowed me to pursue one of

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Speaker 5: my hobbies as a small craft business. These benefits and

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Speaker 5: newly opened accounts are my main money win, but are

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Speaker 5: all things I would not have considered when looking for

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Speaker 5: a job before. I have endless gratitude for this sh

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Speaker 5: show and look forward to every episode. Thanks so much.

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Speaker 2: Out of Money Man, If only everybody started paying attention

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Speaker 2: to their finances and making wise decisions as young as

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Speaker 2: Anissa was when she first discovered the show, so basically

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Speaker 2: she started listening when she was nineteen. Like if you

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Speaker 2: count four years back, we think.

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Speaker 1: You should make your kids listen in the womb personally,

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Speaker 1: but this just goes to show Matt too.

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Speaker 2: Like podcasts, obviously we like the medium, but think about

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Speaker 2: the conversations or the learning that you can it's just

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Speaker 2: like in your ear hole while you're doing dishes, or

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Speaker 2: in Ansa's case, while she was doing her job, while

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Speaker 2: she was cleaning hums, like pretty incredible. Yeah, And the

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Speaker 2: amount of progress, Anissa, that you've been able to make

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Speaker 2: over the course of five years here is truly remarkable.

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Speaker 2: You should be incredibly proud. And by the way, she

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Speaker 2: mentioned if folks missed it, she mentioned wrapping her car

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Speaker 2: and rapify that is a great way to do that.

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Speaker 2: There are a lot of scams out there, and so

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Speaker 2: if you want to make money like Anisa and also

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Speaker 2: experience a little more humility, like Joel, this is something

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Speaker 2: that you have first hand experience with. But get your

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Speaker 2: car wrapped. It's a way to make money literally for

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Speaker 2: every single mile that you're driving.

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Speaker 1: Is right. I did it. I got it.

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Speaker 2: Had a Salesforce wrap on my car, made one of

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Speaker 2: the more tasteful wraps. I would say, yeah, yeah, I

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Speaker 2: was almost got into I think I've shared this before,

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Speaker 2: like the show for Honey Boo Boo, Honey Boobo's mom

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Speaker 2: had a new show or something like that, and that

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Speaker 2: that's what they were gonna wrap my car in I

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Speaker 2: was totally fine with that. I've got no shame. So

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Speaker 2: I love I love Anissa is willing to do that.

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Speaker 2: Sometimes you got to be willing to go to those

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Speaker 2: heights or those depths I don't know, in order to

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Speaker 2: save money, sort of like whether or not you're moving

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Speaker 2: forward by spending money, it's all in your perspectives.

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Speaker 1: Yeah. Yeah.

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Speaker 2: And then this degree too that she was able to

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Speaker 2: get that's going to pay dividends for decades to come.

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Speaker 2: I feel like, not only is Anissa handling her own

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Speaker 2: money wisely, but it sounds like she's gonna be able

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Speaker 2: to help others do the same. Like she's got she's

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Speaker 2: got a bug, right, a passion now that she can't

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Speaker 2: get rid of, and she's going to share it with others,

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Speaker 2: which I think is awesome. And she mentioned all the

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Speaker 2: extra perks besides making more and doing work that she

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Speaker 2: cares about. It just sounds like she's making really really

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Speaker 2: good decisions early on in her career.

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Speaker 1: That's right.

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Speaker 2: So Anissa, congrats. I bet she hardly recognizes the person

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Speaker 2: that she was like five years ago when she first

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Speaker 2: stumbled upon our podcast way back when. But we appreciate

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Speaker 2: you reaching out Joel us here from our next listener,

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Speaker 2: a man after our own heart.

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Speaker 6: Hi, Joela Matt.

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Speaker 2: My name is Josh.

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Speaker 6: I'm a high school social studies teacher from Kansas. I've

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Speaker 6: been listening to the show ever since you guys first

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Speaker 6: came on as a guest during an episode of Stuff

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Speaker 6: You Should Know all those years ago, and I've learned

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Speaker 6: a whole lot listening to you over the years. I

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Speaker 6: wanted to share money win with you today. That is

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Speaker 6: actually me changing schools. So, like I said, I'm a

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Speaker 6: high school teacher, and for the last three years, I

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Speaker 6: actually taught at the high school I graduated from, which

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Speaker 6: was a lot of fun. Got to work with my

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Speaker 6: old teachers and learn a lot, and it was a

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Speaker 6: great opportunity. But unfortunately it was pretty far away from

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Speaker 6: where I currently live and where I want to live

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Speaker 6: moving forward. So I was driving about thirty five minutes

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Speaker 6: to and from school every single day, which meant a

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Speaker 6: lot of time on the highway, which really hurt my

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Speaker 6: mental health. I hated it a lot. Of course, I

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Speaker 6: was spending a ton of money on gas. I was

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Speaker 6: spending money on tolls, which is not very good financially

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Speaker 6: and mentally speaking. Well, this last summer, I made a

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Speaker 6: very difficult decision and I changed schools. So now I'm

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Speaker 6: working out of school that's very close to home. I

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Speaker 6: only have to go about one and a half miles

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Speaker 6: to work, which I have been lately doing by bike

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Speaker 6: most days. So I'm loving that. I'm saving money, I'm

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Speaker 6: getting out into nature, I'm helping my mental health, and

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Speaker 6: I've got leftover money now that I can put into

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Speaker 6: my wroth or put into my savings accounts, or do

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Speaker 6: anything else with. So I am loving it. Huge money win,

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Speaker 6: huge mental health win. Super excited. Just wanted to say

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Speaker 6: thanks for all the years of advice and remind you

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Speaker 6: guys you got to make sure to get some more

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Speaker 6: Kansas stuff on the show again. We've got a lot

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Speaker 6: of good stuff coming out of Wichita and Kansas City.

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Speaker 6: You know, wheat beers, all that kind of stuff. Make

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Speaker 6: sure you check it out. So have a good one.

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Speaker 6: Thanks so much.

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Speaker 2: All right, man, I guess we're gonna have to look

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Speaker 2: for some Kansas beers on the shelves at our local

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Speaker 2: bottle shop. You mentioned wheat beers. There's a lot of

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Speaker 2: wheat out there, so I got to think that the

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Speaker 2: breweries that are making beer out there with local wheat,

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Speaker 2: it's got to be pretty good, prescious to the fresh.

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Speaker 2: I think this is such an underrated money win. By

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Speaker 2: the way, living closer to where you work, you know

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Speaker 2: we oh yeah, we did an episode this is probably

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Speaker 2: five years ago about like your commute is killing you,

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Speaker 2: and we gave all these statistics and just how rough

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Speaker 2: a commute is actually on a person. And then actually,

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Speaker 2: on a recent Friday flight, you and I we talked

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Speaker 2: about how just a shorter commute can be so beneficial.

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Speaker 2: It feels like getting a forty percent pay pump right,

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Speaker 2: having to not hop in the car, being able to

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Speaker 2: walk or bike to.

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Speaker 1: Work something like that.

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Speaker 3: It feels like a pay increase. Or it also somewhat

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Speaker 3: feels like falling in love. Yeah, that was also in

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Speaker 3: the same study.

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Speaker 2: It's like this significant psychological benefit which Josh is reaping,

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Speaker 2: which he mentioned like, hey, I had all that stress

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Speaker 2: because of the lengthy commute and now it's gone. And

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Speaker 2: so yeah, it might even, by the way, cost more

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Speaker 2: to live closer to where you work, but if it

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Speaker 2: can allow you to save money in other ways, like

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Speaker 2: ditching a vehicle, and if it just makes your life

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Speaker 2: better in general, it's something worth at least considering it pursuing.

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Speaker 3: Absolutely, Yeah, I can't imagine not living in close proximity

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Speaker 3: to our office here.

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Speaker 2: I do know it's certainly unevotable sometimes for.

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Speaker 3: Folks, but I think it is a good goal to

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Speaker 3: have because not only has Josh's mental health improved, but

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Speaker 3: his physical health as well. Right, So, like when so

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Speaker 3: many of us basically sit for eight hours a day

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Speaker 3: at a computer designing and constructing our lives, just to

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Speaker 3: automatically include a low intensity workout like a bike ride,

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Speaker 3: that is something that we can totally get behind.

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Speaker 2: So of course he's saving money, it's great for his

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Speaker 2: overall well being from a mental standpoint, and.

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Speaker 3: He's also healthier. He really lives a mile and a

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Speaker 3: half away. I feel like that is the perfect distance

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Speaker 3: to either rock to work or just hopping on that

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Speaker 3: bike if you want to get in there and to

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Speaker 3: be able to knock out that work.

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Speaker 2: I'm doing one of the two basically every single commute.

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Speaker 2: So that's great and I'm glad Josh is on board.

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Speaker 2: Congrats Josh. All right, Matt, let's get to the next

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Speaker 2: This is actually interesting because it's it's almost the opposite

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Speaker 2: in form of money wins.

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Speaker 1: Let's let's get to angelus, Hey, how to money.

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Speaker 7: My money win this year was to land a new

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Speaker 7: place that is larger and nicer and costs less money

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Speaker 7: out in the suburbs versus living in the city. So

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Speaker 7: I'm saving about six hundred dollars a month doing that,

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Speaker 7: which then allowed me to pay off my car and

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Speaker 7: maxed out my IRA ROTH this year for the first time,

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Speaker 7: and starting my four oh one K with my employer,

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Speaker 7: which is not a match so I put it second.

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Speaker 7: But before the end of the year, I'm able to

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Speaker 7: contribute a chunk of money to that. So I think

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Speaker 7: all of that is a huge money win, and my

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Speaker 7: goals are to continue to build my savings. I already

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Speaker 7: have my emergency savings account, but I really would like

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Speaker 7: to live in a nice house after this rental agreement ends,

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Speaker 7: so I'm hoping to save up enough money to start

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Speaker 7: my own journey in real estate, whether I buy a

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Speaker 7: place that is my first place or my first rental place.

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Speaker 7: Looking forward to that. So thanks for everything, guys. I've

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Speaker 7: learned so much and you provide a lot of wealth

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Speaker 7: of knowledge.

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Speaker 8: So thanks.

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Speaker 7: This is Angela from Portland, Orean All right, Joel.

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Speaker 2: So you I want to go back to what you

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Speaker 2: just said, which is like, it's sort of the opposite

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Speaker 2: of what Josh did this past year.

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Speaker 1: Depends on where Angela works, Like, yes.

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Speaker 2: It depends on that, but it just depends on what

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Speaker 2: you're optimizing for.

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Speaker 3: And that's literally it's funny that we just talked about

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Speaker 3: biking and rocking, because that's a conversation you and I

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Speaker 3: had recently, because I'm just like, man, it's taking you

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Speaker 3: longer to get home when you're just walking as opposed

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Speaker 3: to the most efficient vehicle ever invented by man, yeah,

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Speaker 3: the bicycle.

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Speaker 2: But what you basically pointed out was that while I'm

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Speaker 2: just optimizing for something different, for you, the ability to

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Speaker 2: get a workout in while you're going home, maybe more

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Speaker 2: of a workout than what you would get just cruising

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Speaker 2: along in your bike. That was important to you. So

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Speaker 2: it's so much depends on what it is that you're

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Speaker 2: optimizing for. In Angela, she's optimizing to save more money,

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Speaker 2: and for her, the ability to move out to the

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Speaker 2: burbs space is how she was able to do that.

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Speaker 2: She basically took a page out of our book by

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Speaker 2: moving to the burbs. You know, I used to think

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Speaker 2: that I would never move out to the verbs, but

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Speaker 2: it only reinforces a sort of reoccurring theme that I

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Speaker 2: continue to realize, which is I don't know myself because

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Speaker 2: I would say, oh.

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Speaker 3: I would never move to the burbs. Oh, I would

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Speaker 3: never do this, I would never do that. But then

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Speaker 3: your priorities change, man, your interests changed in before you

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Speaker 3: know it, Oh, there you are doing that thing that

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Speaker 3: you said you would never do. And I think it takes, like,

437
00:18:36,040 --> 00:18:39,680
Speaker 3: honestly a certain amount of bravery to say, all right, well,

438
00:18:39,680 --> 00:18:41,720
Speaker 3: I'm willing to change my mind. I'm willing to quote

439
00:18:41,800 --> 00:18:44,240
Speaker 3: unquote be wrong if that means I'm able to make

440
00:18:44,320 --> 00:18:47,840
Speaker 3: forward progress and be maybe a better version of myself. Yeah,

441
00:18:47,840 --> 00:18:49,000
Speaker 3: and whatever that might entail.

442
00:18:49,040 --> 00:18:50,680
Speaker 2: When you're talking about like something like six hundred bucks

443
00:18:50,680 --> 00:18:53,000
Speaker 2: a month on the line, like what Angela said, there's

444
00:18:53,000 --> 00:18:54,280
Speaker 2: a lot of money you have to save in one

445
00:18:54,280 --> 00:18:56,680
Speaker 2: fell swoop. It is the it's the thing that's maybe

446
00:18:56,720 --> 00:18:58,480
Speaker 2: hardest to change in your budget. Most of the time

447
00:18:58,560 --> 00:19:00,639
Speaker 2: your housing costs, because let's say you got a mortgage

448
00:19:00,720 --> 00:19:02,760
Speaker 2: or you've got you're locked into a lease. But this

449
00:19:02,840 --> 00:19:06,199
Speaker 2: one decision, right, it's not that drinking fewer lattes at

450
00:19:06,200 --> 00:19:08,800
Speaker 2: your favorite coffee shop doesn't matter, right, those purchases certainly

451
00:19:08,800 --> 00:19:11,440
Speaker 2: add up, But being bold enough to make a bigger

452
00:19:11,480 --> 00:19:13,760
Speaker 2: move like this in order to accelerate your wealth building

453
00:19:13,800 --> 00:19:16,320
Speaker 2: timeline is something that we love to see, and it's

454
00:19:16,359 --> 00:19:18,719
Speaker 2: something that most people are unwilling to tackle in their

455
00:19:18,760 --> 00:19:21,320
Speaker 2: life because it feels like such a fixed expense and

456
00:19:21,359 --> 00:19:23,240
Speaker 2: once you've kind of moved up to the fancy your

457
00:19:23,240 --> 00:19:25,000
Speaker 2: apartment or something like that, it's really hard to go back.

458
00:19:25,040 --> 00:19:26,560
Speaker 2: Or once you've gotten the three bedroom, it's hard to

459
00:19:26,600 --> 00:19:28,400
Speaker 2: go back to the two bedroom. But if you can,

460
00:19:28,640 --> 00:19:31,119
Speaker 2: if you can make that somewhat difficult decision, it can

461
00:19:31,160 --> 00:19:32,960
Speaker 2: put a ton of money back in your back in

462
00:19:32,960 --> 00:19:35,399
Speaker 2: your pocket every month. Yeah, and with that money that

463
00:19:35,440 --> 00:19:38,680
Speaker 2: she's saving, she's able to pay off for cars macking,

464
00:19:38,880 --> 00:19:41,719
Speaker 2: maxing out her wrath also contributing to that four win

465
00:19:41,800 --> 00:19:44,000
Speaker 2: k as well. It's smart to, like you said, put

466
00:19:44,000 --> 00:19:46,280
Speaker 2: that further down the list given the lack of a match.

467
00:19:46,320 --> 00:19:49,119
Speaker 2: But fingers crossed that your employer starts helping you out

468
00:19:49,160 --> 00:19:51,639
Speaker 2: by adding one of those here in the near future.

469
00:19:51,680 --> 00:19:54,040
Speaker 2: And it sounds like house hacking is potentially an Angela's future.

470
00:19:54,080 --> 00:19:56,800
Speaker 2: That's like, Hey, maybe that's the money when twenty twenty fourth,

471
00:19:56,800 --> 00:19:59,960
Speaker 2: then Angel will share. Sure, So keep on keeping on, Angel,

472
00:20:00,040 --> 00:20:00,720
Speaker 2: You're crushing it.

473
00:20:00,920 --> 00:20:01,120
Speaker 1: Matt.

474
00:20:01,160 --> 00:20:03,800
Speaker 2: Let's get to another listener money win. This one also

475
00:20:04,119 --> 00:20:07,000
Speaker 2: involves housing, but this one involved a different kind of

476
00:20:07,040 --> 00:20:07,520
Speaker 2: hard work.

477
00:20:07,800 --> 00:20:10,280
Speaker 9: Hey, Matt and Joel, this is Cody from Raleigh, North Carolina.

478
00:20:10,560 --> 00:20:12,840
Speaker 9: I wanted to share my twenty twenty three money win

479
00:20:12,920 --> 00:20:17,240
Speaker 9: with y'all. I have a pretty big one for me anyway.

480
00:20:17,640 --> 00:20:21,479
Speaker 9: I bought my first house this year, and it was

481
00:20:21,560 --> 00:20:24,800
Speaker 9: not easy. I was discouraged a lot and it was

482
00:20:24,920 --> 00:20:28,280
Speaker 9: very difficult to find a property that met my requirements,

483
00:20:28,320 --> 00:20:30,919
Speaker 9: seeing as I want to buy an income property for

484
00:20:31,040 --> 00:20:35,000
Speaker 9: my first home with the goal of achieving financial independence

485
00:20:35,119 --> 00:20:37,919
Speaker 9: by the time I'm fifty through real estate income. I

486
00:20:37,960 --> 00:20:40,439
Speaker 9: bought what Chat Carson would call the ugly house on

487
00:20:40,480 --> 00:20:40,919
Speaker 9: the block.

488
00:20:41,640 --> 00:20:42,439
Speaker 1: It was.

489
00:20:42,480 --> 00:20:45,879
Speaker 9: It's a nineteen sixties split level about seventeen hundred square

490
00:20:45,920 --> 00:20:49,960
Speaker 9: feet and it was really beat up on the inside.

491
00:20:50,480 --> 00:20:58,400
Speaker 9: But with a lot of tenacity, ambition, late hours, and money,

492
00:20:59,200 --> 00:21:02,879
Speaker 9: I was able to put this house back together and

493
00:21:02,920 --> 00:21:04,679
Speaker 9: get it livable with the help of a lot of

494
00:21:04,720 --> 00:21:10,439
Speaker 9: friends and a lot of patients. I credit the podcast

495
00:21:10,520 --> 00:21:14,560
Speaker 9: and the community for encouraging me and helping me get

496
00:21:14,600 --> 00:21:18,440
Speaker 9: to this point. I have since restored the hardwood floors,

497
00:21:18,480 --> 00:21:23,320
Speaker 9: renovated the kitchen, built new cabinets, getting them installed, all

498
00:21:23,400 --> 00:21:25,800
Speaker 9: kinds of patching, giant holes and walls. It's been a

499
00:21:25,840 --> 00:21:29,040
Speaker 9: whole adventure and if anybody will see any pictures, I'd

500
00:21:29,040 --> 00:21:30,960
Speaker 9: be happy to share it. But that's my money went

501
00:21:30,960 --> 00:21:32,680
Speaker 9: for twenty twenty three. Thank you all so.

502
00:21:32,640 --> 00:21:35,520
Speaker 2: Much, Cody. Way to go, man, and by the way,

503
00:21:35,560 --> 00:21:39,800
Speaker 2: I totally get the discouragement during that house hunting process.

504
00:21:39,880 --> 00:21:44,080
Speaker 3: Twenty twenty three was a difficult year, especially for this

505
00:21:44,160 --> 00:21:47,000
Speaker 3: first time home buyers, given the lack of inventory, given

506
00:21:47,119 --> 00:21:51,000
Speaker 3: where interest rates have been, But somehow Cody was able

507
00:21:51,000 --> 00:21:53,880
Speaker 3: to pull it off and buying a house that isn't

508
00:21:54,000 --> 00:21:56,359
Speaker 3: just going to be a money pit, a money drained

509
00:21:56,400 --> 00:21:58,320
Speaker 3: but looking to buy a property that's going to earn

510
00:21:58,359 --> 00:21:58,760
Speaker 3: its keep.

511
00:21:58,960 --> 00:22:00,920
Speaker 2: I don't know if he's currently renting out a portion

512
00:22:01,000 --> 00:22:03,640
Speaker 2: of it. He called it an income property. Either way.

513
00:22:03,640 --> 00:22:04,720
Speaker 1: He said it's his first house.

514
00:22:04,560 --> 00:22:06,800
Speaker 2: So I'm guessing he is living in it, but whether

515
00:22:06,880 --> 00:22:08,879
Speaker 2: or not that means renting out a portion of it

516
00:22:09,400 --> 00:22:12,199
Speaker 2: to a roommate or knowing that this thing is going

517
00:22:12,240 --> 00:22:14,160
Speaker 2: to cash flow once he moves out of it, maybe

518
00:22:14,200 --> 00:22:16,920
Speaker 2: after a couple of years, once he buys that next property.

519
00:22:17,080 --> 00:22:19,520
Speaker 2: I think that is an incredibly smart way to go.

520
00:22:19,600 --> 00:22:19,840
Speaker 1: Yeah.

521
00:22:19,880 --> 00:22:21,440
Speaker 2: Well, and the other smart thing is using your own

522
00:22:21,440 --> 00:22:24,560
Speaker 2: sweat equity instead of hiring fancy people to do all

523
00:22:24,560 --> 00:22:26,760
Speaker 2: the work for you. There is a lot to be

524
00:22:26,840 --> 00:22:28,760
Speaker 2: said for buying the fixer upper, which is going to

525
00:22:28,920 --> 00:22:31,840
Speaker 2: provide a more substantial return anyway, and then putting in

526
00:22:32,359 --> 00:22:34,600
Speaker 2: doing the work yourself or with friends too. Like you mentioned,

527
00:22:34,640 --> 00:22:37,760
Speaker 2: Cody is huge, one of our friend mutual friends. He's

528
00:22:38,040 --> 00:22:42,520
Speaker 2: completely rehabbing this like eighteen eighties home nearby and it's beautiful.

529
00:22:42,560 --> 00:22:45,000
Speaker 2: It's going to be incredible when he finished country farmhouse.

530
00:22:45,160 --> 00:22:48,280
Speaker 2: Yeah beautiful. I mean, it's nuts. But he's going to

531
00:22:48,320 --> 00:22:51,680
Speaker 2: save at least one hundred k by doing ninety plus

532
00:22:51,680 --> 00:22:54,040
Speaker 2: percent of the work himself. And so he's like documented,

533
00:22:54,160 --> 00:22:56,639
Speaker 2: he's documenting it, he's blocking about it, which is cool,

534
00:22:56,920 --> 00:22:59,680
Speaker 2: But I just think there's something so powerful about that.

535
00:23:00,000 --> 00:23:03,320
Speaker 2: It's not easy, Like Cody said, it sounds really difficult,

536
00:23:03,359 --> 00:23:05,480
Speaker 2: and honestly, I'm not up for that kind of a task.

537
00:23:05,560 --> 00:23:07,920
Speaker 2: Right now in my life. But I appreciate that Cody

538
00:23:08,000 --> 00:23:09,600
Speaker 2: is and you know that's gonna this is going to

539
00:23:09,640 --> 00:23:12,639
Speaker 2: pay massive financial dividends for him. Yeah. Absolutely. It partly

540
00:23:12,680 --> 00:23:14,280
Speaker 2: depends on how much time you're willing to give it.

541
00:23:14,359 --> 00:23:16,560
Speaker 2: And in our friend's case, it's kind of like his

542
00:23:16,840 --> 00:23:20,359
Speaker 2: main gig right now. And you mentioned his friends helping

543
00:23:20,359 --> 00:23:22,119
Speaker 2: out as well. I think that is so huge, the

544
00:23:22,200 --> 00:23:24,720
Speaker 2: ability that the fact that he's got friends, that he

545
00:23:24,800 --> 00:23:27,920
Speaker 2: has a community around him that is encouraging him, helping

546
00:23:28,000 --> 00:23:30,639
Speaker 2: him out, that is so counter to what it is

547
00:23:30,640 --> 00:23:32,639
Speaker 2: that we experience today, right like when it comes to

548
00:23:32,680 --> 00:23:34,720
Speaker 2: mainstream culture and what it is that the world is

549
00:23:34,760 --> 00:23:38,840
Speaker 2: encouraging us to do, which is go on fancificasions. You

550
00:23:38,840 --> 00:23:41,600
Speaker 2: don't really care about buying a Beamer just because you can.

551
00:23:41,760 --> 00:23:45,919
Speaker 2: Why not just mindless, mindlessly spending money. And when you

552
00:23:45,960 --> 00:23:48,520
Speaker 2: are able to surround yourself with a community that is

553
00:23:48,560 --> 00:23:50,800
Speaker 2: going to encourage you to do the counter cultural thing,

554
00:23:51,760 --> 00:23:54,280
Speaker 2: that is going to be how you're able to win

555
00:23:54,359 --> 00:23:56,399
Speaker 2: with your money. And Cody seems like he's got that

556
00:23:56,400 --> 00:23:57,680
Speaker 2: in spades. And by the way, I love the shout

557
00:23:57,720 --> 00:24:00,240
Speaker 2: out to Chad Carson that there's if you're injured in

558
00:24:00,280 --> 00:24:02,639
Speaker 2: real estate investing. There's no better person to follow in

559
00:24:02,680 --> 00:24:05,000
Speaker 2: the personal finance space. I mean, there are other kind of.

560
00:24:05,040 --> 00:24:07,560
Speaker 3: Voices, but if we had a real estate investing podcast

561
00:24:07,640 --> 00:24:09,920
Speaker 3: or approach or book, whatever, it would.

562
00:24:09,680 --> 00:24:10,680
Speaker 1: Be exactly how it is that Chatz.

563
00:24:11,080 --> 00:24:14,200
Speaker 2: Yeah, No, it's our flavor, mad respect for him, and

564
00:24:14,320 --> 00:24:16,320
Speaker 2: he's just doing it better than we could ever hope

565
00:24:16,359 --> 00:24:18,320
Speaker 2: to do it. So turn to him instead of us,

566
00:24:18,359 --> 00:24:19,800
Speaker 2: even though we like to talk about real estate on

567
00:24:19,800 --> 00:24:22,800
Speaker 2: occasion too. But yeah, Matt, we've got more listener money wins.

568
00:24:22,840 --> 00:24:25,359
Speaker 2: We've got to get to some really incredible things that

569
00:24:25,400 --> 00:24:27,880
Speaker 2: have money listeners have been able to accomplish. We'll get

570
00:24:27,880 --> 00:24:29,639
Speaker 2: to a bunch of the rest of them right after this.

571
00:24:37,720 --> 00:24:37,920
Speaker 7: Yeah.

572
00:24:37,920 --> 00:24:39,639
Speaker 3: Man, if we've got a lot more listener wins to

573
00:24:39,680 --> 00:24:41,400
Speaker 3: get to during the substance, we might have to speak

574
00:24:41,400 --> 00:24:42,280
Speaker 3: things up, okay, cranking.

575
00:24:43,080 --> 00:24:44,760
Speaker 2: We've got a nice variety as well.

576
00:24:44,800 --> 00:24:47,560
Speaker 3: And so our next listener win is from a listener

577
00:24:47,560 --> 00:24:48,320
Speaker 3: here in Atlanta.

578
00:24:48,960 --> 00:24:51,520
Speaker 10: Hey, Matt and Joel, This is Todd from Atlanta. And

579
00:24:51,680 --> 00:24:54,080
Speaker 10: my big money wins for the year have been one

580
00:24:54,840 --> 00:24:58,840
Speaker 10: convincing my employer to add an HSA and two purchasing

581
00:24:58,880 --> 00:25:01,440
Speaker 10: our first home with my wife, and it was a

582
00:25:01,520 --> 00:25:03,560
Speaker 10: journey that took us over a year and a half,

583
00:25:03,680 --> 00:25:07,679
Speaker 10: but we got there with plenty of patients and the

584
00:25:07,680 --> 00:25:11,119
Speaker 10: help of a great realtor and family just talking us

585
00:25:11,160 --> 00:25:14,440
Speaker 10: through it all. Additionally, we've been able to increase our

586
00:25:14,640 --> 00:25:18,520
Speaker 10: giving to nonprofit organizations that we believe in. And that's

587
00:25:18,520 --> 00:25:21,520
Speaker 10: where I'll leave you with a quote from Charles Dickens

588
00:25:21,520 --> 00:25:25,720
Speaker 10: a Christmas Carol, reflect upon your present blessings, of which

589
00:25:25,760 --> 00:25:28,919
Speaker 10: every man has many, not on your past misfortunes, of

590
00:25:28,960 --> 00:25:31,639
Speaker 10: which all men have some. I just think that sums

591
00:25:31,720 --> 00:25:34,240
Speaker 10: up a lot of what we're probably feeling this time

592
00:25:34,240 --> 00:25:37,840
Speaker 10: of year. By the way, my favorite holiday tradition is

593
00:25:37,880 --> 00:25:40,600
Speaker 10: to go see a Christmas Carol at the Alliance Theater

594
00:25:40,680 --> 00:25:43,960
Speaker 10: in Atlanta. Highly recommend it to anybody in the Atlanta

595
00:25:44,000 --> 00:25:46,440
Speaker 10: area and happy holidays.

596
00:25:46,800 --> 00:25:48,719
Speaker 2: Well, Matt Todd, he's not just sharing his money when

597
00:25:48,760 --> 00:25:50,440
Speaker 2: he's pilossified, he's getting.

598
00:25:50,280 --> 00:25:50,840
Speaker 1: Festive with it.

599
00:25:50,960 --> 00:25:53,240
Speaker 2: Yeah, I love it. I will say, Christmas Carol still

600
00:25:53,280 --> 00:25:54,200
Speaker 2: one of my all time favorites.

601
00:25:54,440 --> 00:25:54,720
Speaker 1: Bests.

602
00:25:54,760 --> 00:25:58,840
Speaker 2: Yeah, I'm hoping to see it at Shakespeare Tavern and Atlanta.

603
00:25:58,840 --> 00:25:59,560
Speaker 2: That's my preferred place.

604
00:25:59,600 --> 00:26:00,040
Speaker 1: You go see it.

605
00:26:00,040 --> 00:26:01,040
Speaker 2: It's a lot more affordable.

606
00:26:01,119 --> 00:26:02,880
Speaker 1: Yeah, it is more affordable. We'll see if I actually

607
00:26:02,920 --> 00:26:03,880
Speaker 1: make it this year.

608
00:26:03,920 --> 00:26:06,840
Speaker 3: The production or whatever. The rendition that the Alliance puts

609
00:26:06,840 --> 00:26:08,760
Speaker 3: on is awesome. I will say, Kate and I've been

610
00:26:08,800 --> 00:26:11,560
Speaker 3: there at least once. But you know something we haven't

611
00:26:11,560 --> 00:26:14,199
Speaker 3: done is Kate and we were recently talking about this.

612
00:26:14,680 --> 00:26:17,760
Speaker 3: The girls they know the Christmas story, a Christmas Carol story,

613
00:26:18,040 --> 00:26:19,119
Speaker 3: but I don't think they've ever.

614
00:26:19,000 --> 00:26:19,440
Speaker 2: Read the book.

615
00:26:19,480 --> 00:26:21,840
Speaker 3: And so we're planning during some of our time off

616
00:26:21,880 --> 00:26:23,639
Speaker 3: to read that as a family, like doing like we

617
00:26:23,680 --> 00:26:27,200
Speaker 3: do the read alouds. And then after that somebody recommended

618
00:26:27,600 --> 00:26:31,360
Speaker 3: a movie, not a Christmas Carol version, like a New

619
00:26:31,400 --> 00:26:33,800
Speaker 3: Scrooge or whatever, but it's called The Man Who Invented

620
00:26:33,880 --> 00:26:38,800
Speaker 3: Christmas and it is a biographical take of Dickens as

621
00:26:38,840 --> 00:26:41,480
Speaker 3: he was trying to write the best interesting and how

622
00:26:41,520 --> 00:26:44,359
Speaker 3: basically everyone was saying like, hey, this is going to

623
00:26:44,400 --> 00:26:47,040
Speaker 3: be a flop because back then nobody liked Christmas. Like

624
00:26:47,119 --> 00:26:49,240
Speaker 3: literally it was seen as like this is really good

625
00:26:49,280 --> 00:26:50,639
Speaker 3: in the weeds, like the Anglican Church, I think saw

626
00:26:50,680 --> 00:26:53,359
Speaker 3: it as sort of this like holiday where everyone was

627
00:26:53,359 --> 00:26:55,480
Speaker 3: like splurging too much and like it's just all about

628
00:26:55,480 --> 00:26:56,320
Speaker 3: the feasting, and.

629
00:26:56,480 --> 00:26:59,280
Speaker 1: I don't know what they were worried about anyway.

630
00:26:59,560 --> 00:27:01,400
Speaker 2: Actually, it sounds like I've seen it, but I haven't yet.

631
00:27:01,400 --> 00:27:03,840
Speaker 2: But we're gonna then watch that after we read this story.

632
00:27:03,880 --> 00:27:05,160
Speaker 2: I want to watch it because I'm kind of obsessed

633
00:27:05,160 --> 00:27:08,199
Speaker 2: with the Christmas Carol. So It'scott Matthew Crawley, and it

634
00:27:08,240 --> 00:27:12,560
Speaker 2: from Downton. Oh okay, yeah, also the Beast from the

635
00:27:12,680 --> 00:27:13,800
Speaker 2: live action You mean to.

636
00:27:13,720 --> 00:27:15,479
Speaker 1: You haven't seen that one? All right?

637
00:27:15,520 --> 00:27:17,960
Speaker 2: Well? Yeah, because our kids, my girls are oppressed, so

638
00:27:18,119 --> 00:27:20,840
Speaker 2: I think let's get to toss money with He said

639
00:27:20,840 --> 00:27:23,680
Speaker 2: that he convinced his employer to offer an HSA a

640
00:27:23,760 --> 00:27:26,280
Speaker 2: Health Save These account, And I think this is awesome

641
00:27:26,280 --> 00:27:28,119
Speaker 2: because you and I, Matt, we regularly talk about how

642
00:27:28,200 --> 00:27:31,200
Speaker 2: you can and should approach your employer to add benefits

643
00:27:31,280 --> 00:27:34,159
Speaker 2: or to change service providers. Let's say, if like the

644
00:27:34,240 --> 00:27:38,240
Speaker 2: investment services company has exorbitant fees, you can have a

645
00:27:38,280 --> 00:27:40,720
Speaker 2: gentle conversation with the folks in HR and say, hmmm,

646
00:27:41,000 --> 00:27:43,160
Speaker 2: I don't know, maybe this this or this company would

647
00:27:43,160 --> 00:27:44,920
Speaker 2: be way better. Maybe it'll save you money and save

648
00:27:45,000 --> 00:27:48,480
Speaker 2: us money. This is good for employee morale, and so

649
00:27:48,520 --> 00:27:50,440
Speaker 2: I love that Todd was able to accomplish that, able

650
00:27:50,480 --> 00:27:54,119
Speaker 2: to to gently convince coerce and get that changed because

651
00:27:54,160 --> 00:27:56,359
Speaker 2: now he's got access to an HSA, he's got access

652
00:27:56,359 --> 00:27:59,480
Speaker 2: to one of the best investment accounts in the world,

653
00:28:00,000 --> 00:28:01,840
Speaker 2: so to his coworkers, and if he hadn't spoken up,

654
00:28:02,080 --> 00:28:04,000
Speaker 2: that might not happened. Yes, not just the dollars he's

655
00:28:04,040 --> 00:28:07,080
Speaker 2: able to stock away, it's also all of those other folks.

656
00:28:06,800 --> 00:28:07,440
Speaker 1: There as well.

657
00:28:07,760 --> 00:28:10,680
Speaker 3: Todd and increasing your giving that is also a great goal.

658
00:28:10,720 --> 00:28:14,360
Speaker 3: It's an underrated one, and if we reflect on our blessings,

659
00:28:14,359 --> 00:28:16,439
Speaker 3: as you said, it's going to make it easier to

660
00:28:16,520 --> 00:28:20,120
Speaker 3: make giving just a regular part of our budget. Certainly,

661
00:28:20,280 --> 00:28:22,200
Speaker 3: no shame to those out there who don't feel financially

662
00:28:22,240 --> 00:28:25,159
Speaker 3: ready to give big dollars away yet, but we do

663
00:28:25,240 --> 00:28:27,520
Speaker 3: believe that being generous can help those dollars to do

664
00:28:27,560 --> 00:28:29,719
Speaker 3: good nearby and around the world. We talked about that

665
00:28:29,760 --> 00:28:33,520
Speaker 3: with Ellie Hassenfeld episode seven fifty two, so we talked

666
00:28:33,520 --> 00:28:36,360
Speaker 3: about effective altruism. If that's something that you're like, oh man,

667
00:28:36,440 --> 00:28:38,960
Speaker 3: I've heard that term being tossed around, What exactly does

668
00:28:39,000 --> 00:28:41,120
Speaker 3: that mean? Go back and listen to that episode we'll

669
00:28:41,120 --> 00:28:41,960
Speaker 3: link to it in the show notes.

670
00:28:41,960 --> 00:28:43,959
Speaker 2: And that term has gotten kind of hijacked a little bit,

671
00:28:44,040 --> 00:28:46,800
Speaker 2: or at least, yeah, been tarnished. But Ellie has I

672
00:28:46,800 --> 00:28:48,400
Speaker 2: think a great view on it. It's still a great

673
00:28:48,440 --> 00:28:52,120
Speaker 2: mission and it makes sense. Right. It's about optimizing your giving, yeah,

674
00:28:52,160 --> 00:28:56,120
Speaker 2: but it's also just from a habits standpoint, the practice

675
00:28:56,160 --> 00:28:58,479
Speaker 2: of giving your money away. I think it just creates

676
00:28:58,640 --> 00:29:02,040
Speaker 2: a healthy detachment from your money. It's where it doesn't

677
00:29:02,120 --> 00:29:04,440
Speaker 2: become the sole focus of your being. That it was

678
00:29:04,480 --> 00:29:06,280
Speaker 2: one hundred percent true. I think being generous on the

679
00:29:06,320 --> 00:29:08,880
Speaker 2: RAG helps you create this so that you're not nearly

680
00:29:08,920 --> 00:29:11,680
Speaker 2: as obsessed with every dollar that comes in or every

681
00:29:11,720 --> 00:29:14,480
Speaker 2: dollar that increases in your investments. It gives you a

682
00:29:14,480 --> 00:29:17,200
Speaker 2: balanced perspective. Right, Let's get the next money win, Matt.

683
00:29:17,240 --> 00:29:19,880
Speaker 2: This comes from a listener who's started doing a few

684
00:29:19,880 --> 00:29:22,400
Speaker 2: different things and even saving money in one small way.

685
00:29:22,440 --> 00:29:23,200
Speaker 2: How that's a big thing.

686
00:29:23,400 --> 00:29:26,720
Speaker 8: Hey, guys, Joe NuGen here from Newego, Michigan. I got

687
00:29:26,720 --> 00:29:28,640
Speaker 8: a couple of money wins i'd like to share for

688
00:29:28,720 --> 00:29:32,120
Speaker 8: you for twenty twenty three. First, my wife and I

689
00:29:32,200 --> 00:29:35,080
Speaker 8: funded both of our wroth iras for the year, so

690
00:29:35,120 --> 00:29:40,440
Speaker 8: that's twelve thousand dollars we've already saved and it's mid November,

691
00:29:40,520 --> 00:29:45,120
Speaker 8: so completed two wroth iras. Also, we started budgeting for

692
00:29:45,160 --> 00:29:47,360
Speaker 8: the first time this year. We're using a money called

693
00:29:47,440 --> 00:29:50,360
Speaker 8: or an app called Rocket Money and lets us look

694
00:29:50,360 --> 00:29:52,160
Speaker 8: at all of our spending for like the past two

695
00:29:52,320 --> 00:29:55,080
Speaker 8: years too, so we can go back and see where

696
00:29:55,120 --> 00:29:57,440
Speaker 8: we were overspending a little bit, even a couple of

697
00:29:57,480 --> 00:29:59,680
Speaker 8: years back. So it's been a huge help and kept

698
00:29:59,760 --> 00:30:02,880
Speaker 8: us out budget. And then finally I got ten bucks

699
00:30:02,880 --> 00:30:05,520
Speaker 8: off by AT and T Bill just by calling them

700
00:30:05,600 --> 00:30:08,840
Speaker 8: up and asking for a discount. So took your advice

701
00:30:08,920 --> 00:30:12,680
Speaker 8: and asking for discounts there. Anyway, Thanks for the great show, guys,

702
00:30:13,240 --> 00:30:14,800
Speaker 8: have a happy holiday season.

703
00:30:15,120 --> 00:30:17,960
Speaker 3: Ye all right, So ten dollars off Joe, that sounds

704
00:30:18,000 --> 00:30:20,520
Speaker 3: like maybe the weakest of all the wins.

705
00:30:20,680 --> 00:30:22,800
Speaker 1: Yeah, poll be like, that's what you say, bro, bring

706
00:30:22,840 --> 00:30:23,320
Speaker 1: something bigger.

707
00:30:23,320 --> 00:30:25,400
Speaker 3: But if you actually look at the numbers, it's not minor, right,

708
00:30:25,440 --> 00:30:27,360
Speaker 3: ten dollars a month. That's one hundred twenty dollars a year.

709
00:30:27,800 --> 00:30:29,840
Speaker 3: You could go further with that and look at the

710
00:30:29,880 --> 00:30:32,560
Speaker 3: rule of one seventy three and that role tells us

711
00:30:32,600 --> 00:30:35,160
Speaker 3: that when you take a monthly expense and instead of

712
00:30:35,200 --> 00:30:38,440
Speaker 3: spending it, if instead you invest that money, it shows

713
00:30:38,480 --> 00:30:40,720
Speaker 3: you what that would be worth over the next decade.

714
00:30:40,960 --> 00:30:43,840
Speaker 3: And in this case, that means having an extra nearly

715
00:30:43,840 --> 00:30:46,960
Speaker 3: two thousand dollars on hand. It's not massive, but it's

716
00:30:46,960 --> 00:30:49,479
Speaker 3: also not nothing, but more than anything.

717
00:30:49,520 --> 00:30:52,800
Speaker 2: I think the there's a muscle that you're exercising right

718
00:30:52,840 --> 00:30:55,320
Speaker 2: like you're asking that the asking for a discount muscle.

719
00:30:55,440 --> 00:30:59,320
Speaker 2: It's likely going to pay off in reducing other monthly bills.

720
00:30:59,360 --> 00:31:02,400
Speaker 2: It's likely going to result in you perhaps getting a

721
00:31:02,480 --> 00:31:06,360
Speaker 2: raise or perhaps receiving an additional benefit from dominal like

722
00:31:06,720 --> 00:31:07,880
Speaker 2: Todd was able to.

723
00:31:07,840 --> 00:31:11,280
Speaker 3: Experience, and by starting with some of those small things

724
00:31:11,280 --> 00:31:14,360
Speaker 3: that are seemingly not all that difficult, that muscle is

725
00:31:14,360 --> 00:31:16,440
Speaker 3: gonna get stronger, you're gonna get more fit, and you're

726
00:31:16,440 --> 00:31:18,680
Speaker 3: gonna be more prepared to be able to make some

727
00:31:18,720 --> 00:31:19,719
Speaker 3: bigger ass down the road.

728
00:31:19,760 --> 00:31:21,920
Speaker 2: Yeah, get in the lower hanging fruit makes you excited

729
00:31:21,920 --> 00:31:23,280
Speaker 2: to like get out the ladder and go for the

730
00:31:23,360 --> 00:31:26,000
Speaker 2: higher hanging fruit. I think, so, yeah, this, this small

731
00:31:26,000 --> 00:31:28,760
Speaker 2: money win, Joe, is actually a bigger money win than

732
00:31:28,800 --> 00:31:30,840
Speaker 2: maybe most people would think. And I love that you're

733
00:31:30,840 --> 00:31:33,400
Speaker 2: budgeting to you maxed out your RAS. You guys are

734
00:31:33,400 --> 00:31:35,680
Speaker 2: crushing it and really more than anything, to know where

735
00:31:35,720 --> 00:31:37,160
Speaker 2: your money is going is powerful.

736
00:31:37,200 --> 00:31:37,680
Speaker 1: It's no work.

737
00:31:37,840 --> 00:31:39,720
Speaker 2: Yeah, that's like that. Knowing where it went in the

738
00:31:39,720 --> 00:31:41,440
Speaker 2: past helps you direct where it's going to go in

739
00:31:41,440 --> 00:31:43,240
Speaker 2: the future. So you're you're crushing at Joe. We love

740
00:31:43,240 --> 00:31:43,760
Speaker 2: what you're up to.

741
00:31:43,880 --> 00:31:45,920
Speaker 3: Yeah, not to mention real quick, you mean maxed out

742
00:31:45,920 --> 00:31:47,680
Speaker 3: his roth, irays it sounds like, I guess for the

743
00:31:47,720 --> 00:31:49,280
Speaker 3: first time that is awesome.

744
00:31:49,320 --> 00:31:50,920
Speaker 2: Maybe he'll be ready, he mentioned. I think he just

745
00:31:50,960 --> 00:31:53,640
Speaker 2: did it in November. Maybe he'll be ready to maxim

746
00:31:53,640 --> 00:31:56,320
Speaker 2: out by like I don't know spring or summer at least,

747
00:31:56,240 --> 00:31:58,440
Speaker 2: so we started moving that up that way. Yeah, when

748
00:31:58,440 --> 00:32:01,400
Speaker 2: it January first hits get the money in the market.

749
00:32:01,440 --> 00:32:04,080
Speaker 1: Another small win that actually is bigger than it seems.

750
00:32:04,160 --> 00:32:04,360
Speaker 9: Yeah.

751
00:32:04,360 --> 00:32:04,600
Speaker 7: All right.

752
00:32:04,640 --> 00:32:06,960
Speaker 3: Let's hear from another listener, and she man she's got

753
00:32:06,960 --> 00:32:10,200
Speaker 3: an entire laundry list of improvements that she's made to

754
00:32:10,240 --> 00:32:11,560
Speaker 3: her personal finances.

755
00:32:11,760 --> 00:32:14,480
Speaker 4: Hey, Matt and Joel. My name is Alice and I

756
00:32:14,560 --> 00:32:18,200
Speaker 4: live in Becker, Minnesota. I'm actually originally from France, but

757
00:32:18,400 --> 00:32:22,400
Speaker 4: now US citizen and residents since nineteen ninety eight. My

758
00:32:22,520 --> 00:32:25,840
Speaker 4: financial learning journey started after my divorce, when I found

759
00:32:25,880 --> 00:32:29,120
Speaker 4: myself down to one income with the same amount of

760
00:32:29,120 --> 00:32:32,080
Speaker 4: bills as when we were a two income family and

761
00:32:32,240 --> 00:32:35,880
Speaker 4: three kids living with me full time. I know something

762
00:32:35,960 --> 00:32:38,440
Speaker 4: needed to change and I had to make it work. Somehow.

763
00:32:39,240 --> 00:32:42,400
Speaker 4: Figured I needed to educate myself and needed to start

764
00:32:42,440 --> 00:32:45,520
Speaker 4: with a simple and free way to do so. So

765
00:32:45,560 --> 00:32:49,280
Speaker 4: the title had to money. As I was searching through podcasts.

766
00:32:49,320 --> 00:32:52,280
Speaker 4: Really got my attention listening to you guys and led

767
00:32:52,320 --> 00:32:55,240
Speaker 4: me to other money related podcasts and books. I have

768
00:32:55,400 --> 00:32:59,400
Speaker 4: read five books on personal finance and investing since listening

769
00:32:59,480 --> 00:33:02,400
Speaker 4: to you guys. I've taken on two side gigs to

770
00:33:02,560 --> 00:33:05,240
Speaker 4: up my income, all remote so I wouldn't have to

771
00:33:05,320 --> 00:33:07,440
Speaker 4: leave my teens home alone more than I had. To

772
00:33:08,120 --> 00:33:11,560
Speaker 4: switch my rough IROA from a fee based brokerage firm

773
00:33:11,640 --> 00:33:15,360
Speaker 4: to Fidelity, and also started a portfolio of funds I'd

774
00:33:15,400 --> 00:33:19,120
Speaker 4: like to invest in. I have two emergency funds started,

775
00:33:19,400 --> 00:33:22,960
Speaker 4: one for unexpected expenses and one building up to become

776
00:33:23,000 --> 00:33:26,440
Speaker 4: a six month leaving expenses fund. I've got my cell

777
00:33:26,520 --> 00:33:30,000
Speaker 4: bill by seventy five percent switching to a more affordable provider.

778
00:33:30,520 --> 00:33:34,200
Speaker 4: My groceries, expenses are down thirty percent by shopping at Aldi,

779
00:33:34,720 --> 00:33:38,800
Speaker 4: only doing free TV options no subscriptions, or from the

780
00:33:38,840 --> 00:33:42,080
Speaker 4: advice you guys gave on the podcast. I am not

781
00:33:42,160 --> 00:33:44,920
Speaker 4: training to be a financial coach, so I can help

782
00:33:44,960 --> 00:33:48,920
Speaker 4: others finding themselves alone to tackle expenses after the loss

783
00:33:48,920 --> 00:33:51,760
Speaker 4: of a life partner. I just want to thank you

784
00:33:51,800 --> 00:33:53,880
Speaker 4: for all you do. You have no idea how much

785
00:33:53,960 --> 00:33:56,200
Speaker 4: hope you have brought to me and what you are

786
00:33:56,280 --> 00:33:59,440
Speaker 4: bringing to others just by doing those podcasts. So keep

787
00:33:59,480 --> 00:34:01,320
Speaker 4: it up and best Friends Out.

788
00:34:01,640 --> 00:34:03,200
Speaker 2: She did the best Friends Out, she did the thing.

789
00:34:03,320 --> 00:34:07,040
Speaker 2: Joel at least is an honorary best friend at this point,

790
00:34:07,040 --> 00:34:09,160
Speaker 2: Like she's an honorary best thing. We would be honored

791
00:34:09,160 --> 00:34:10,640
Speaker 2: to have you at the table recording with us at

792
00:34:10,719 --> 00:34:14,680
Speaker 2: least like you. I mean, I'm amazed, I am impressed.

793
00:34:14,840 --> 00:34:17,000
Speaker 2: I feel like a slouch a little bit compared to

794
00:34:17,040 --> 00:34:19,279
Speaker 2: you and all that you've been able to accomplish this year.

795
00:34:19,520 --> 00:34:22,359
Speaker 2: You're an inspiration, truly, and so I like the fact

796
00:34:22,360 --> 00:34:25,680
Speaker 2: that you went all in on that DIY education is incredible.

797
00:34:25,800 --> 00:34:27,880
Speaker 2: Five books, Matt, that's a lot of different podcasts like

798
00:34:27,920 --> 00:34:30,520
Speaker 2: getting into it, And it's true that a lack of

799
00:34:30,520 --> 00:34:32,920
Speaker 2: personal finance education is a big problem in our country, right,

800
00:34:33,239 --> 00:34:36,200
Speaker 2: and I would imagine if you're from another country with

801
00:34:36,200 --> 00:34:39,320
Speaker 2: different systems, different ways of different ways of saving and

802
00:34:39,320 --> 00:34:42,760
Speaker 2: investing in different retirement accounts, it's even tougher to navigate.

803
00:34:42,840 --> 00:34:44,960
Speaker 2: So the fact that you've been able to pour yourself

804
00:34:45,000 --> 00:34:48,440
Speaker 2: into it at least is just incredible. Right, You've taken initiative,

805
00:34:48,760 --> 00:34:51,799
Speaker 2: and of course it's not rocket science, as you found out,

806
00:34:51,840 --> 00:34:53,680
Speaker 2: but there's a big learning curve and so I don't know,

807
00:34:53,719 --> 00:34:55,600
Speaker 2: I'm just I'm amazed at what you've been able to

808
00:34:55,600 --> 00:34:57,680
Speaker 2: accomplish in just a single year. Totally. Let's talk about

809
00:34:57,680 --> 00:34:59,839
Speaker 2: her income as well, because she's got to work from

810
00:34:59,840 --> 00:35:01,759
Speaker 2: hell side hustles. That's pretty incredible.

811
00:35:02,080 --> 00:35:04,719
Speaker 3: It is certainly not easy to make all of those

812
00:35:04,760 --> 00:35:07,160
Speaker 3: changes while going through a divorce with two kids, But

813
00:35:07,200 --> 00:35:09,719
Speaker 3: my guess is that you're going to have a monumental

814
00:35:09,800 --> 00:35:12,279
Speaker 3: impact on their future because of all that you've been

815
00:35:12,280 --> 00:35:14,680
Speaker 3: able to accomplish at least. And the truth is, sometimes

816
00:35:14,719 --> 00:35:17,319
Speaker 3: you've got to up your earnings to be able to

817
00:35:17,400 --> 00:35:20,680
Speaker 3: make that progress more quickly, and that's what a lease

818
00:35:20,760 --> 00:35:23,480
Speaker 3: has done. Depending on where it is that someone is,

819
00:35:23,600 --> 00:35:25,840
Speaker 3: you know, with their financial journey, like folks like they

820
00:35:25,920 --> 00:35:29,160
Speaker 3: might either want to ramp up their efforts because what

821
00:35:29,200 --> 00:35:32,319
Speaker 3: they need is to get out of debt. Right They've

822
00:35:32,320 --> 00:35:34,440
Speaker 3: they've got some clear financial goals. It makes me think

823
00:35:34,480 --> 00:35:35,920
Speaker 3: of the girl that moved out into the urbs. She

824
00:35:36,000 --> 00:35:38,080
Speaker 3: had some debt that she wanted to eliminate. She had

825
00:35:38,080 --> 00:35:41,440
Speaker 3: some very clear financial goals in mind. But for other folks,

826
00:35:41,520 --> 00:35:43,880
Speaker 3: they're going to want to prioritize other things. Like Josh,

827
00:35:43,880 --> 00:35:47,000
Speaker 3: who is looking to improve other aspects of his life.

828
00:35:47,480 --> 00:35:48,960
Speaker 3: In his case, it sounds like maybe he's able to

829
00:35:48,960 --> 00:35:51,360
Speaker 3: save money though because of you know, savings when it

830
00:35:51,400 --> 00:35:54,520
Speaker 3: came to gas. But for other folks, what that means, though,

831
00:35:54,600 --> 00:35:58,520
Speaker 3: is prioritizing other aspects, other goals, and that means sometimes

832
00:35:58,600 --> 00:36:01,520
Speaker 3: taking your foot off of the gas. It might mean

833
00:36:01,560 --> 00:36:03,080
Speaker 3: not necessarily making as much as.

834
00:36:03,000 --> 00:36:03,719
Speaker 2: You possibly can.

835
00:36:03,800 --> 00:36:05,880
Speaker 3: But for at least it sounds like she's in the

836
00:36:06,120 --> 00:36:08,680
Speaker 3: pedal to the metal zone right now. We know it's

837
00:36:08,680 --> 00:36:11,720
Speaker 3: not easy, but you've made some incredible strides and we're

838
00:36:11,760 --> 00:36:12,719
Speaker 3: incredibly proud of you.

839
00:36:12,840 --> 00:36:15,960
Speaker 2: Yeah, I mean, and you've you've done it all like truly,

840
00:36:16,000 --> 00:36:17,640
Speaker 2: Like Matt, you said, it was a laundry list, and

841
00:36:17,640 --> 00:36:20,160
Speaker 2: it really is. It's like just the check mark, check mark,

842
00:36:20,200 --> 00:36:22,680
Speaker 2: check mark, check mark, going down the line, lowering those fees.

843
00:36:22,680 --> 00:36:24,480
Speaker 2: That's going to mean a ton of extra money for

844
00:36:24,560 --> 00:36:26,920
Speaker 2: you when you retire a lease. You're thinking about your

845
00:36:26,960 --> 00:36:30,600
Speaker 2: emergency savings in two categories, which is amazing just specifically

846
00:36:30,640 --> 00:36:33,560
Speaker 2: four emergencies, but then also building up like six months

847
00:36:33,600 --> 00:36:36,840
Speaker 2: worth of expenses. That's huge. Both are necessary. You're saving

848
00:36:37,320 --> 00:36:39,799
Speaker 2: significant amounts on your cell phone bill, you're shopping at all.

849
00:36:40,120 --> 00:36:42,600
Speaker 2: I mean like this is the Houty money playbook to

850
00:36:42,719 --> 00:36:45,200
Speaker 2: a t that you're pulling off. So and once you

851
00:36:45,239 --> 00:36:47,359
Speaker 2: have your financial coaching business off the ground, please reach

852
00:36:47,400 --> 00:36:49,600
Speaker 2: out to us. We can't wait to see what you're

853
00:36:49,640 --> 00:36:51,799
Speaker 2: able to do to help others take control of their

854
00:36:51,800 --> 00:36:54,240
Speaker 2: finances in their lives. Not only do you have the passion,

855
00:36:54,440 --> 00:36:57,040
Speaker 2: but you also have kind of the backstory now to

856
00:36:57,080 --> 00:36:59,719
Speaker 2: help people connect the dots. Like I gotta imagine you're

857
00:36:59,719 --> 00:37:02,319
Speaker 2: going to be massively effective in your endeavors to help

858
00:37:02,320 --> 00:37:05,479
Speaker 2: bring other people kind of into financial freedom. That's right, yes.

859
00:37:05,520 --> 00:37:07,640
Speaker 3: And when it comes to generating a little more income,

860
00:37:07,680 --> 00:37:11,280
Speaker 3: sometimes that means starting your own businesses. Here our next one.

861
00:37:11,760 --> 00:37:12,680
Speaker 2: Hey, Matt and Joel.

862
00:37:12,719 --> 00:37:15,680
Speaker 11: It's Brendan from Central Texas and I wanted to share

863
00:37:15,719 --> 00:37:19,279
Speaker 11: our family's biggest money win this year with y'all. My wife,

864
00:37:19,320 --> 00:37:23,080
Speaker 11: who's an amazing painter, was able to start her own business,

865
00:37:23,719 --> 00:37:27,319
Speaker 11: first working off Instagram by taking commissions from friends and

866
00:37:27,400 --> 00:37:30,400
Speaker 11: family until she was able to get enough revenue to

867
00:37:30,600 --> 00:37:34,719
Speaker 11: purchase a domain. And now she has her paintings posted

868
00:37:35,160 --> 00:37:38,600
Speaker 11: online and she is taking commissions from across the nation.

869
00:37:39,360 --> 00:37:42,960
Speaker 11: Her website is Marie Brookshogan dot com and if you're

870
00:37:43,000 --> 00:37:49,200
Speaker 11: interested in getting some great landscape or personal portraits painted,

871
00:37:49,600 --> 00:37:52,839
Speaker 11: she's the one for you. Thanks again for all your

872
00:37:52,880 --> 00:37:55,240
Speaker 11: advice this year, and I hope you'll have a great

873
00:37:55,280 --> 00:37:56,120
Speaker 11: holiday season.

874
00:37:56,440 --> 00:37:58,920
Speaker 2: Ah Man, Matt, big big win for Brendan's wife, and

875
00:38:00,000 --> 00:38:02,120
Speaker 2: she actually seen looked up her paying so really beautiful.

876
00:38:02,200 --> 00:38:04,320
Speaker 2: I might have to order a caricature of your face

877
00:38:04,360 --> 00:38:06,600
Speaker 2: for the studio. I wonder if she does this. I'd

878
00:38:06,600 --> 00:38:09,479
Speaker 2: prefer relaxing landscape, not my mug.

879
00:38:09,560 --> 00:38:09,840
Speaker 1: Okay.

880
00:38:10,120 --> 00:38:12,560
Speaker 2: And one of the biggest wins of this too is

881
00:38:12,560 --> 00:38:14,960
Speaker 2: that she waited until she had enough revenue to launch

882
00:38:14,960 --> 00:38:17,160
Speaker 2: her website. We've talked about how you could start a

883
00:38:17,160 --> 00:38:19,359
Speaker 2: business for zero dollars or for we're close to it,

884
00:38:19,560 --> 00:38:21,840
Speaker 2: and it sounds like that's the exact playbook that Brendan's

885
00:38:21,840 --> 00:38:24,640
Speaker 2: White went with. You can totally get proof of concept

886
00:38:24,680 --> 00:38:27,160
Speaker 2: via social media. I've found some of my favorite artists

887
00:38:27,200 --> 00:38:29,680
Speaker 2: via Instagram and order their stuff side on scene. Yeah,

888
00:38:29,719 --> 00:38:31,719
Speaker 2: so I think that's like, that's one of the cool

889
00:38:31,719 --> 00:38:34,000
Speaker 2: things social media can provide along with some of the

890
00:38:34,040 --> 00:38:35,680
Speaker 2: downsides that it has. But like in just some of

891
00:38:35,680 --> 00:38:37,880
Speaker 2: the different marketplaces, I mean, the ability to go directly

892
00:38:37,880 --> 00:38:39,960
Speaker 2: to a customer is just the one. Yes, yeah, I

893
00:38:40,000 --> 00:38:41,600
Speaker 2: mean I think they take a small cut, but you

894
00:38:41,640 --> 00:38:44,440
Speaker 2: can just find so many great artists. It makes me

895
00:38:44,840 --> 00:38:50,560
Speaker 2: Kate found a textile wall hanging weaver artists from New Zealand, Yeah,

896
00:38:50,560 --> 00:38:52,919
Speaker 2: that we ordered something from and we literally have that thing.

897
00:38:53,080 --> 00:38:53,520
Speaker 1: It's huge.

898
00:38:53,560 --> 00:38:55,359
Speaker 2: It's up on our wall in our dining room. We

899
00:38:55,440 --> 00:38:57,720
Speaker 2: love it. That is something that you can do today,

900
00:38:57,880 --> 00:39:01,120
Speaker 2: is you don't have to go through a gallery, right

901
00:39:01,280 --> 00:39:04,240
Speaker 2: that takes a massive cut. If that's a goal of yours,

902
00:39:04,520 --> 00:39:06,120
Speaker 2: I think that's a totally fine goal. But if you

903
00:39:06,160 --> 00:39:07,960
Speaker 2: are focused on the business side of things and you're

904
00:39:08,000 --> 00:39:10,640
Speaker 2: looking to generate revenue and eventually if you're like, Hey,

905
00:39:10,680 --> 00:39:11,880
Speaker 2: I want to be able to get some of my

906
00:39:12,040 --> 00:39:15,200
Speaker 2: art in a gallery locally. I think that's a totally

907
00:39:15,320 --> 00:39:18,560
Speaker 2: great goal to have, but it's also not necessary right

908
00:39:18,560 --> 00:39:19,960
Speaker 2: when you're looking to get something off the ground. BI

909
00:39:20,040 --> 00:39:22,440
Speaker 2: kudos to your family, Brendan being able to launch that

910
00:39:22,480 --> 00:39:24,920
Speaker 2: business and have it be successful in debt free out

911
00:39:24,920 --> 00:39:27,359
Speaker 2: of the gate. All right, Matt, let's share another one

912
00:39:27,520 --> 00:39:30,600
Speaker 2: in This one comes from listener Raphael, who saved a

913
00:39:30,600 --> 00:39:31,800
Speaker 2: bunch of money in one fell swoop.

914
00:39:32,040 --> 00:39:35,120
Speaker 12: Hi, Mettan Joel, this is Raphael from Hillsboro, Oregon. So

915
00:39:35,200 --> 00:39:37,360
Speaker 12: for my money, when I had to visit the hospital

916
00:39:37,400 --> 00:39:40,640
Speaker 12: with my son for something minor and we got a

917
00:39:40,680 --> 00:39:44,640
Speaker 12: medical bill of seven hundred dollars, I called them, argued

918
00:39:44,719 --> 00:39:47,080
Speaker 12: for just a couple of minutes, and they agreed to

919
00:39:47,080 --> 00:39:48,960
Speaker 12: reduce it immediately to two hundred dollars.

920
00:39:49,280 --> 00:39:49,640
Speaker 1: Thank you.

921
00:39:50,280 --> 00:39:52,920
Speaker 3: I love it asking for a discount man like again,

922
00:39:52,960 --> 00:39:56,960
Speaker 3: this is a muscle that has atrophied for so many folks.

923
00:39:57,080 --> 00:40:00,000
Speaker 3: So we would recommend to start asking for discounts more often.

924
00:40:00,520 --> 00:40:02,680
Speaker 3: And the worst thing that can happen is that they

925
00:40:02,960 --> 00:40:04,719
Speaker 3: roll their eyes at you and they're like oh no,

926
00:40:04,920 --> 00:40:07,600
Speaker 3: or they secretly judge. You know, of course they're judging you,

927
00:40:07,640 --> 00:40:10,440
Speaker 3: but who cares. By the way, we're talking about medical bills,

928
00:40:10,480 --> 00:40:13,680
Speaker 3: don't forget to look up the financial assistance policy from

929
00:40:13,760 --> 00:40:16,760
Speaker 3: the hospital or from the medical provider there, because depending

930
00:40:16,960 --> 00:40:20,000
Speaker 3: on your income, depending on your family size, a lot

931
00:40:20,040 --> 00:40:22,719
Speaker 3: of folks might find that their bill can be completely forgiven.

932
00:40:23,040 --> 00:40:25,480
Speaker 3: But in Rafael's case, it sounds like he spent a

933
00:40:25,520 --> 00:40:27,720
Speaker 3: couple of minutes talking to them, was able to immediately

934
00:40:27,760 --> 00:40:29,719
Speaker 3: able to get that say seven hundred to two hundred.

935
00:40:29,760 --> 00:40:31,479
Speaker 2: Yeah, that's a massive win. Can I get that seventy

936
00:40:31,480 --> 00:40:32,719
Speaker 2: five percent discount right now?

937
00:40:33,200 --> 00:40:33,920
Speaker 1: I mean, it's awesome.

938
00:40:33,960 --> 00:40:34,320
Speaker 2: I love it.

939
00:40:34,640 --> 00:40:35,360
Speaker 1: Wait to go, Raphael.

940
00:40:35,480 --> 00:40:37,640
Speaker 2: Good, Thank you for sharing too. That's a that's a

941
00:40:37,640 --> 00:40:40,320
Speaker 2: good one. That's one that I think people just assume

942
00:40:40,320 --> 00:40:42,080
Speaker 2: when they get a medical bill. I think, because it's

943
00:40:42,080 --> 00:40:45,120
Speaker 2: like this super stuffy institution, you just assume that you

944
00:40:45,160 --> 00:40:46,759
Speaker 2: have to pay it, or that they're going to take

945
00:40:46,760 --> 00:40:48,359
Speaker 2: you to jail or something like that. But that's just

946
00:40:48,400 --> 00:40:50,480
Speaker 2: not the case. You can fight back on those bills.

947
00:40:50,520 --> 00:40:52,319
Speaker 2: We've got multiple episodes on that. Maybe we'll link to

948
00:40:52,600 --> 00:40:56,160
Speaker 2: our recent discussion with doctor Virgie. Doctor Virgie as well

949
00:40:56,200 --> 00:40:59,560
Speaker 2: as Marshall Allen, Well, both of those are fantastic episodes

950
00:40:59,560 --> 00:41:01,960
Speaker 2: when it comes to medical debt, avoiding it to begin with,

951
00:41:02,040 --> 00:41:04,680
Speaker 2: but then also finding ways to not pay the full

952
00:41:04,680 --> 00:41:07,359
Speaker 2: bill because you don't have to necessarily, most people can

953
00:41:07,400 --> 00:41:10,000
Speaker 2: avoid paying a lot of the bill. Alright, Matt, we

954
00:41:10,040 --> 00:41:12,640
Speaker 2: got more listener money wins to get to during this

955
00:41:12,719 --> 00:41:14,839
Speaker 2: financial festivist. Well, we'll hit up the rest of them

956
00:41:14,960 --> 00:41:25,840
Speaker 2: right after this. All right, let's keep this train rolling.

957
00:41:25,880 --> 00:41:27,840
Speaker 3: We're back from the break and it's now time for

958
00:41:27,880 --> 00:41:29,080
Speaker 3: the Facebook and email round.

959
00:41:29,560 --> 00:41:30,560
Speaker 2: This one is from.

960
00:41:30,320 --> 00:41:34,720
Speaker 3: Alexis the shy folks. Hey, not everybody wants to record

961
00:41:34,719 --> 00:41:36,600
Speaker 3: the voice memo. I totally get it. I remember the

962
00:41:36,600 --> 00:41:38,000
Speaker 3: first time I sat down with you to record our

963
00:41:38,080 --> 00:41:40,040
Speaker 3: very first episode, and I thought, yeap, I don't think

964
00:41:40,080 --> 00:41:42,840
Speaker 3: it was going to work out because it takes a

965
00:41:42,880 --> 00:41:45,320
Speaker 3: different kind of look at us energy, and look.

966
00:41:45,160 --> 00:41:47,399
Speaker 1: At us now, seven hundred and sixty something episodes later.

967
00:41:47,400 --> 00:41:50,000
Speaker 2: All right, This one is from Alexis, and she sent

968
00:41:50,080 --> 00:41:51,880
Speaker 2: her in via email because I.

969
00:41:51,840 --> 00:41:54,040
Speaker 3: Can't figure out how to leave a voice memo. Here

970
00:41:54,080 --> 00:41:56,440
Speaker 3: are my money wins this year, thanks to your guidance.

971
00:41:56,520 --> 00:41:58,680
Speaker 3: They are smaller than last year in scale, but they

972
00:41:58,719 --> 00:41:59,480
Speaker 3: still make me.

973
00:41:59,520 --> 00:42:02,360
Speaker 2: Proud, smiley face. I signed up for the Wells Fargo

974
00:42:02,400 --> 00:42:04,719
Speaker 2: Active Cash card to pay for our cell phone bills,

975
00:42:04,719 --> 00:42:07,560
Speaker 2: which provides cell phone insurance. Our thirteen year old got

976
00:42:07,600 --> 00:42:10,439
Speaker 2: a smartphone this year, so insurance is necessary and glad

977
00:42:10,480 --> 00:42:12,839
Speaker 2: we can get it for free. I recognize that our

978
00:42:12,880 --> 00:42:15,640
Speaker 2: two point eighty five percent mortgage rate is pretty great,

979
00:42:16,000 --> 00:42:18,440
Speaker 2: so instead of paying an extra three hundred dollars towards

980
00:42:18,480 --> 00:42:21,000
Speaker 2: its principle every month, we're taking that three hundred dollars

981
00:42:21,000 --> 00:42:24,799
Speaker 2: and putting it into our HSA monthly. Huge win. Right there.

982
00:42:25,160 --> 00:42:27,399
Speaker 2: Joined our town's Buy Nothing group, which has been such

983
00:42:27,400 --> 00:42:29,759
Speaker 2: a great community to cut down on costs of Folks

984
00:42:29,800 --> 00:42:31,560
Speaker 2: in the group are looking to give away what we

985
00:42:31,600 --> 00:42:34,880
Speaker 2: need and vice versa. Went to Aldy for the first time. Woo,

986
00:42:35,120 --> 00:42:36,280
Speaker 2: that's a good one right there.

987
00:42:36,800 --> 00:42:38,799
Speaker 3: One is opening up close to us in twenty twenty four.

988
00:42:38,840 --> 00:42:41,920
Speaker 3: I'm excited to make it our regular grocery store. Alexis

989
00:42:41,960 --> 00:42:44,520
Speaker 3: that right there literally is going to save thirty percent

990
00:42:44,560 --> 00:42:46,120
Speaker 3: off of your grocery budget.

991
00:42:46,120 --> 00:42:47,400
Speaker 1: It's for real. That's huge.

992
00:42:47,440 --> 00:42:49,400
Speaker 2: So alexis a bunch of money wins. Thank you for

993
00:42:49,480 --> 00:42:52,640
Speaker 2: sharing those those all right, Paula the email said, I

994
00:42:52,680 --> 00:42:55,000
Speaker 2: just wanted to express some gratitude to you both for

995
00:42:55,080 --> 00:42:57,920
Speaker 2: the amazing podcast and community that you've created. My husband

996
00:42:57,920 --> 00:42:59,520
Speaker 2: and I both listen, and you give us great topics

997
00:42:59,560 --> 00:43:01,239
Speaker 2: to talk about. Man, I'm glad that we can be

998
00:43:01,280 --> 00:43:04,120
Speaker 2: a topic of date night conversation. She said, you have

999
00:43:04,239 --> 00:43:06,399
Speaker 2: opened the dialogue about finances for us, and I finally

1000
00:43:06,400 --> 00:43:08,560
Speaker 2: feel like we're on the same page and understand each

1001
00:43:08,560 --> 00:43:11,719
Speaker 2: other's points of view. We've put so much into motion

1002
00:43:12,239 --> 00:43:13,960
Speaker 2: due to your work. At the beginning of this year,

1003
00:43:14,000 --> 00:43:15,960
Speaker 2: we were working on money Gear number three. Then my

1004
00:43:16,040 --> 00:43:18,520
Speaker 2: husband got into a terrible car accident while he was

1005
00:43:18,560 --> 00:43:21,239
Speaker 2: on his way home from being fired. That sounds like

1006
00:43:21,320 --> 00:43:23,000
Speaker 2: the worst day or she said. It was pretty terrible,

1007
00:43:23,160 --> 00:43:25,239
Speaker 2: But I never had to worry about money, even though

1008
00:43:25,280 --> 00:43:27,000
Speaker 2: we had a major loss of income. I knew I

1009
00:43:27,040 --> 00:43:29,160
Speaker 2: had my bare bones budget that I could activate until

1010
00:43:29,160 --> 00:43:31,600
Speaker 2: we figured things out. I could focus all my attention

1011
00:43:31,680 --> 00:43:33,880
Speaker 2: on the things that mattered most, my husband and my kids.

1012
00:43:34,080 --> 00:43:36,480
Speaker 2: And due to his injuries, we had to change industries,

1013
00:43:36,520 --> 00:43:38,400
Speaker 2: which came with a pretty big pay cut, but it

1014
00:43:38,440 --> 00:43:41,560
Speaker 2: was okay because we'd reprioritize our budget. We just picked

1015
00:43:41,600 --> 00:43:43,640
Speaker 2: up the settlement check from our lawyer, and we already

1016
00:43:43,680 --> 00:43:45,719
Speaker 2: have a plan for the money. In fact, we listened

1017
00:43:45,719 --> 00:43:48,120
Speaker 2: to episode number seven oh one today that we did

1018
00:43:48,160 --> 00:43:50,399
Speaker 2: about the if you won the lottery On the way

1019
00:43:50,400 --> 00:43:52,759
Speaker 2: to the lawyer's office. She said, we've already talked it

1020
00:43:52,800 --> 00:43:55,400
Speaker 2: out and made a spreadsheet with estimates, created savings buckets

1021
00:43:55,400 --> 00:43:58,520
Speaker 2: for our future expenses. We also took into account spending

1022
00:43:58,560 --> 00:44:01,280
Speaker 2: a little frivolously since we have been on deferred maintenance

1023
00:44:01,320 --> 00:44:03,879
Speaker 2: mode for so long. Matt, I mean there, she even

1024
00:44:03,920 --> 00:44:06,160
Speaker 2: goes further and further in this one, but she's you

1025
00:44:06,160 --> 00:44:08,440
Speaker 2: saved me stressed. I couldn't have gotten through it without

1026
00:44:08,600 --> 00:44:10,000
Speaker 2: how the money. And it does sound like it's been

1027
00:44:10,040 --> 00:44:13,239
Speaker 2: a stressful year, but man, think about it. Just like

1028
00:44:13,280 --> 00:44:15,800
Speaker 2: the stock market, even despite all the crazy things that

1029
00:44:15,840 --> 00:44:17,840
Speaker 2: happen in this world, continues to go up. And it's like,

1030
00:44:18,040 --> 00:44:20,799
Speaker 2: how despite pandemic and recession and all these other things

1031
00:44:20,800 --> 00:44:22,839
Speaker 2: that happened and wars around the around the world, how

1032
00:44:22,840 --> 00:44:24,680
Speaker 2: does the stock market continue to go up? Well, how

1033
00:44:24,680 --> 00:44:26,960
Speaker 2: do you continue to make progress despite setbacks like this?

1034
00:44:27,360 --> 00:44:29,560
Speaker 2: I mean, I think it's a positive mindset, and then

1035
00:44:29,560 --> 00:44:31,520
Speaker 2: it's actually doing some of the things that we talk

1036
00:44:31,560 --> 00:44:32,759
Speaker 2: about here and doing the things.

1037
00:44:32,840 --> 00:44:34,480
Speaker 3: Yeah, Like that's That's what stood up to me, is

1038
00:44:34,480 --> 00:44:36,600
Speaker 3: that she's done the things. She's having these conversations with

1039
00:44:36,680 --> 00:44:39,399
Speaker 3: her husband. She has created the budget and specifically created

1040
00:44:39,440 --> 00:44:41,359
Speaker 3: the bare bones budget. And I love how she talked

1041
00:44:41,360 --> 00:44:43,400
Speaker 3: about it, how she activated it.

1042
00:44:43,719 --> 00:44:45,560
Speaker 2: She was supposed to be there for deployed it. It's like,

1043
00:44:45,600 --> 00:44:45,920
Speaker 2: it's this.

1044
00:44:45,880 --> 00:44:47,840
Speaker 3: Thing it says on the sidelines, it's something that you

1045
00:44:47,880 --> 00:44:50,319
Speaker 3: don't that you hope you don't have to use. But man,

1046
00:44:50,400 --> 00:44:52,480
Speaker 3: when everything hits the fan like it did for them,

1047
00:44:52,520 --> 00:44:53,240
Speaker 3: they were ready.

1048
00:44:53,600 --> 00:44:54,319
Speaker 2: And man, that.

1049
00:44:54,280 --> 00:44:57,160
Speaker 3: Makes me so freaking happy to hear a situation like

1050
00:44:57,200 --> 00:44:58,960
Speaker 3: this where she was not stressed and that they were

1051
00:44:59,080 --> 00:45:00,239
Speaker 3: able to focus on the thing that.

1052
00:45:00,200 --> 00:45:01,719
Speaker 2: Really do matter, like being able to take care of

1053
00:45:01,760 --> 00:45:03,880
Speaker 2: your family and to not have to freak out some

1054
00:45:03,920 --> 00:45:07,480
Speaker 2: credit finances. I know a lot of people, people who

1055
00:45:07,520 --> 00:45:10,600
Speaker 2: make good, good sums of money and something awful hits

1056
00:45:10,640 --> 00:45:12,720
Speaker 2: and guess what, They're up the creek without a paddle

1057
00:45:12,719 --> 00:45:15,160
Speaker 2: because they live on every dollar that comes in. And

1058
00:45:15,200 --> 00:45:17,080
Speaker 2: so no matter your income, if you can live on

1059
00:45:17,160 --> 00:45:19,120
Speaker 2: less than that and you can start to create that buffer,

1060
00:45:19,400 --> 00:45:22,879
Speaker 2: you can, in fact, when something difficult comes along, you're

1061
00:45:22,880 --> 00:45:25,200
Speaker 2: more prepared to handle it without having to get sick

1062
00:45:25,239 --> 00:45:26,680
Speaker 2: with worry essentially over your finances.

1063
00:45:26,800 --> 00:45:28,480
Speaker 1: That's right, So lexis great.

1064
00:45:28,280 --> 00:45:28,799
Speaker 2: Work, Joel.

1065
00:45:28,800 --> 00:45:31,239
Speaker 3: Our next one is from Teresa in the Facebook group.

1066
00:45:31,600 --> 00:45:34,160
Speaker 3: She said, many money win. After listening to some.

1067
00:45:34,080 --> 00:45:36,920
Speaker 2: Of the podcasts about travel, I realized that after I

1068
00:45:36,960 --> 00:45:39,600
Speaker 2: book a flight with Southwest, I never checked back to

1069
00:45:39,640 --> 00:45:42,040
Speaker 2: see if the fares have gone down. I'vevowed to be

1070
00:45:42,120 --> 00:45:45,879
Speaker 2: more diligent this time. My original already pretty cheap fair

1071
00:45:45,960 --> 00:45:47,880
Speaker 2: of six hundred and thirty dollars to move my family

1072
00:45:47,920 --> 00:45:51,240
Speaker 2: the length of California around Thanksgiving drop to five hundred

1073
00:45:51,239 --> 00:45:54,360
Speaker 2: and forty bucks after a brief, painless phone call that

1074
00:45:54,440 --> 00:45:57,719
Speaker 2: ninety dollars is now available in our Southwest accounts for

1075
00:45:57,800 --> 00:46:01,320
Speaker 2: our next flight. Yeah, so good. That's great, right, and

1076
00:46:01,840 --> 00:46:03,920
Speaker 2: Southwest I think part of this it makes me think

1077
00:46:03,960 --> 00:46:06,000
Speaker 2: of like who you do business with. Southwest is kind

1078
00:46:06,040 --> 00:46:09,920
Speaker 2: of the costco of airlines in my opinion. And they remember,

1079
00:46:09,960 --> 00:46:11,880
Speaker 2: they don't show up in Google flight searches. You have

1080
00:46:11,920 --> 00:46:13,920
Speaker 2: to go to Southwest dot com. Yeah, but well it

1081
00:46:13,920 --> 00:46:15,560
Speaker 2: shows up, but the fares will show up. Yeah, so

1082
00:46:15,600 --> 00:46:17,399
Speaker 2: at least there's a prompt to be like, oh yeah,

1083
00:46:17,480 --> 00:46:19,200
Speaker 2: let me, let's let's see what it is that they're

1084
00:46:19,239 --> 00:46:21,239
Speaker 2: actually charging. But you have to do that extra leg work.

1085
00:46:21,360 --> 00:46:24,120
Speaker 2: That's kind of a bummer. Yeah, and just revisiting, I think,

1086
00:46:24,680 --> 00:46:27,799
Speaker 2: especially when we're talking about travel, what you paid and

1087
00:46:27,880 --> 00:46:30,040
Speaker 2: where prices have gone is really important because a lot

1088
00:46:30,040 --> 00:46:32,960
Speaker 2: of the travel books, as you might do, are are refundable,

1089
00:46:33,000 --> 00:46:36,400
Speaker 2: typically whether it's a hotel that you're booking, whether or

1090
00:46:36,440 --> 00:46:38,560
Speaker 2: whether it's a car rental, and so they're like, there's

1091
00:46:38,640 --> 00:46:40,759
Speaker 2: a website called auto slash, which is kind of an

1092
00:46:40,800 --> 00:46:42,560
Speaker 2: automated way to help you stay on top of price

1093
00:46:42,600 --> 00:46:45,640
Speaker 2: declines but also set up a calendar reminder to re

1094
00:46:45,760 --> 00:46:48,239
Speaker 2: shop the fair or the price of something. I did

1095
00:46:48,239 --> 00:46:50,520
Speaker 2: something actually similar with a hotel for our New York

1096
00:46:50,520 --> 00:46:53,000
Speaker 2: City trip. That calendar reminder came in handy. I looked

1097
00:46:53,000 --> 00:46:54,879
Speaker 2: the day before our trip. The price had gone down

1098
00:46:54,880 --> 00:46:58,120
Speaker 2: two hundred bucks. I contacted the hotel easy Easy two

1099
00:46:58,160 --> 00:47:00,399
Speaker 2: hundred dollars, saving right back in my wallet. So big

1100
00:47:00,440 --> 00:47:02,759
Speaker 2: win THREEESA, Thanks for sharing that. That's going to help

1101
00:47:02,800 --> 00:47:05,200
Speaker 2: a lot of other people in the future too. And Okay, Matt,

1102
00:47:05,239 --> 00:47:07,360
Speaker 2: this one, this next one comes from Tucker. He said,

1103
00:47:07,600 --> 00:47:09,640
Speaker 2: I moved back home during college to save more money,

1104
00:47:09,680 --> 00:47:11,480
Speaker 2: and I just purchased my first home this year with

1105
00:47:11,520 --> 00:47:14,359
Speaker 2: a pretty solid interest rate considering other home buyers at

1106
00:47:14,360 --> 00:47:16,919
Speaker 2: this time are typically one percent over what I'm financed at.

1107
00:47:17,440 --> 00:47:19,879
Speaker 2: And I think there's no shame in the game of

1108
00:47:20,200 --> 00:47:22,680
Speaker 2: moving back in with your folks for if you got

1109
00:47:22,719 --> 00:47:24,839
Speaker 2: like a determined time and they're cool with it, right, Yeah, Yeah,

1110
00:47:24,880 --> 00:47:26,000
Speaker 2: it depends on the situation.

1111
00:47:26,080 --> 00:47:27,000
Speaker 1: Yeah, and mighty parents.

1112
00:47:27,040 --> 00:47:28,520
Speaker 2: Depends on the kid. Yeah, you might want to pay

1113
00:47:28,520 --> 00:47:30,080
Speaker 2: a little bit in rent to kind of help out,

1114
00:47:30,760 --> 00:47:33,360
Speaker 2: or you know, pay food, pay for some food, maybe

1115
00:47:33,520 --> 00:47:35,760
Speaker 2: cook the meals, that kind of stuff, clean up after yourself.

1116
00:47:35,840 --> 00:47:37,919
Speaker 2: But I actually I moved back home for like five

1117
00:47:38,000 --> 00:47:39,960
Speaker 2: or six months in order to save up to put

1118
00:47:39,960 --> 00:47:42,560
Speaker 2: twenty percent down on my first house. Here you go.

1119
00:47:42,600 --> 00:47:44,880
Speaker 2: And so, yeah, it wasn't the easiest six months in

1120
00:47:44,880 --> 00:47:46,440
Speaker 2: my life, I'll tell you that, but it was it

1121
00:47:46,480 --> 00:47:48,880
Speaker 2: was worth it from a financial perspective. And I know

1122
00:47:48,920 --> 00:47:50,799
Speaker 2: a lot of parents are willing to do that as

1123
00:47:50,840 --> 00:47:54,000
Speaker 2: long as you're kind of using that time effectively.

1124
00:47:53,560 --> 00:47:56,359
Speaker 3: Exactly exactly I think as a parent. I mean, I've

1125
00:47:56,400 --> 00:47:58,319
Speaker 3: already even had these discussions with my kids where I'm

1126
00:47:58,360 --> 00:48:00,560
Speaker 3: just like, hey, you're once you're eight or once you

1127
00:48:00,600 --> 00:48:02,840
Speaker 3: graduate from high school, you're either gonna move.

1128
00:48:02,719 --> 00:48:04,880
Speaker 2: Out because you're going to college. You're gonna move out

1129
00:48:04,880 --> 00:48:06,960
Speaker 2: because you're going somewhere else. But if you stay here,

1130
00:48:06,960 --> 00:48:09,279
Speaker 2: you're gonna be paying rent and it's not going to

1131
00:48:09,320 --> 00:48:11,520
Speaker 2: be an ex I'm not trying to extort them, you know.

1132
00:48:11,840 --> 00:48:13,919
Speaker 1: But the proper motivation, the.

1133
00:48:13,880 --> 00:48:16,279
Speaker 3: Motivation, because what you don't want is for then to

1134
00:48:16,280 --> 00:48:19,399
Speaker 3: be like, why leave rent? There's no rent, I don't

1135
00:48:19,440 --> 00:48:20,440
Speaker 3: have to pay for utilities.

1136
00:48:20,480 --> 00:48:23,399
Speaker 2: The food's always for well, they still do my laundry too.

1137
00:48:23,440 --> 00:48:24,080
Speaker 2: This is great.

1138
00:48:24,280 --> 00:48:26,800
Speaker 3: You want to make sure you provide the proper incentives

1139
00:48:26,800 --> 00:48:28,840
Speaker 3: and that you don't have like a failure to launch situation.

1140
00:48:29,000 --> 00:48:29,759
Speaker 1: Yeah, where you have.

1141
00:48:29,760 --> 00:48:31,400
Speaker 2: A kid who's not realizing their full potential.

1142
00:48:31,480 --> 00:48:33,520
Speaker 1: Let's all don't want your kids stand up like Mathew McConaughey.

1143
00:48:33,840 --> 00:48:37,480
Speaker 2: Exactly, all right, Tricia said, been a listener since episode

1144
00:48:37,480 --> 00:48:40,200
Speaker 2: three sheet those are the poor, poor days, and you

1145
00:48:40,360 --> 00:48:43,000
Speaker 2: all have been a huge factor in our overall success.

1146
00:48:43,160 --> 00:48:45,520
Speaker 2: We have no debt except our mortgage and have a

1147
00:48:45,520 --> 00:48:49,240
Speaker 2: well funded retirement. But this year's money win successfully negotiated

1148
00:48:49,280 --> 00:48:52,600
Speaker 2: a sizable raise twenty percent along with a promotion, we

1149
00:48:52,680 --> 00:48:55,120
Speaker 2: now finally get to tackle some much needed house for

1150
00:48:55,239 --> 00:48:58,759
Speaker 2: model projects and maybe a few vacations. Tricia, Way to go.

1151
00:48:58,880 --> 00:49:03,000
Speaker 3: It's huge percent increase. Is that's not like your standard

1152
00:49:03,280 --> 00:49:04,759
Speaker 3: cost of living adjustment right there?

1153
00:49:05,360 --> 00:49:07,480
Speaker 2: No, even with inflation. The coolest thing about getting a

1154
00:49:07,520 --> 00:49:09,680
Speaker 2: raise too is that then every year you do get

1155
00:49:09,880 --> 00:49:12,279
Speaker 2: a cost of living adjustment, it's on top of this

1156
00:49:12,400 --> 00:49:16,200
Speaker 2: new much higher salary floor. So it's amazing how just

1157
00:49:16,360 --> 00:49:19,520
Speaker 2: one big raise early on, or two big raises five

1158
00:49:19,560 --> 00:49:21,440
Speaker 2: years apart or something, as you get a promotion or

1159
00:49:21,480 --> 00:49:24,360
Speaker 2: you're able to or you're able to go advocate for yourself,

1160
00:49:24,719 --> 00:49:28,520
Speaker 2: it can have outsized results and it just means yeah,

1161
00:49:28,520 --> 00:49:30,719
Speaker 2: that three percent or five percent match or whatever in

1162
00:49:30,719 --> 00:49:32,719
Speaker 2: the four one K. Guess what, it's on a now

1163
00:49:32,800 --> 00:49:35,360
Speaker 2: much higher sum of income too, So it's just a

1164
00:49:35,400 --> 00:49:37,600
Speaker 2: huge win all around. Way to go, Trisha, And I'm

1165
00:49:37,640 --> 00:49:40,440
Speaker 2: glad also you're planning on using some of that increased

1166
00:49:40,440 --> 00:49:42,960
Speaker 2: income to take a vacation. And Matt, this next one

1167
00:49:43,000 --> 00:49:45,640
Speaker 2: comes from Sam. He said, my biggest money win was

1168
00:49:45,680 --> 00:49:49,640
Speaker 2: finally realizing Verizon isn't a requirement. Neither is upgrading your

1169
00:49:49,680 --> 00:49:52,320
Speaker 2: phone every two years, and I switched to MIT Mobile.

1170
00:49:52,719 --> 00:49:55,040
Speaker 2: I mean, Sam love it. Verizon is not a requirement.

1171
00:49:55,040 --> 00:49:56,560
Speaker 2: I think some people think that it is. That Well,

1172
00:49:56,560 --> 00:49:58,120
Speaker 2: if you got the best phone service, and I.

1173
00:49:58,040 --> 00:50:00,000
Speaker 1: Think we've got the best coverage, it only works.

1174
00:50:00,120 --> 00:50:02,359
Speaker 2: This is the only provider that works for where I live.

1175
00:50:02,840 --> 00:50:05,560
Speaker 2: But but well that's the case then, Actually, and you

1176
00:50:05,600 --> 00:50:07,560
Speaker 2: went with Mint, which is great. If Mint works where

1177
00:50:07,600 --> 00:50:10,839
Speaker 2: you live, awesome. But if you like Verizon service so much,

1178
00:50:11,120 --> 00:50:14,000
Speaker 2: try Visible. Right, you can unlimited everything for twenty five

1179
00:50:14,000 --> 00:50:16,239
Speaker 2: bucks a month. That's really not bad. It's a far

1180
00:50:16,280 --> 00:50:18,439
Speaker 2: cry from what you'll pay over at Horizon. That's right,

1181
00:50:18,560 --> 00:50:21,680
Speaker 2: And the reason is because Visible is on Verizon's network.

1182
00:50:21,760 --> 00:50:24,600
Speaker 2: Visible is Verizons m V and O M. She sent

1183
00:50:24,640 --> 00:50:25,799
Speaker 2: hers in via email.

1184
00:50:25,560 --> 00:50:27,520
Speaker 3: And she said, I finally finished paying off my credit

1185
00:50:27,520 --> 00:50:29,640
Speaker 3: card debt on December first.

1186
00:50:29,840 --> 00:50:31,880
Speaker 2: I'm so excited, and I'm going to celebrate by throwing

1187
00:50:31,920 --> 00:50:34,600
Speaker 2: myself a big thirtieth birthday party come April.

1188
00:50:34,880 --> 00:50:36,959
Speaker 3: Then I'll get back up to saving for my next

1189
00:50:37,000 --> 00:50:40,400
Speaker 3: big money goal. I started using wine app back in June,

1190
00:50:40,719 --> 00:50:44,120
Speaker 3: and for my ADHD brain it has been a game changer.

1191
00:50:44,320 --> 00:50:46,120
Speaker 3: And I also got a big promotion network a few

1192
00:50:46,120 --> 00:50:49,480
Speaker 3: months ago and it's really been a big help. M.

1193
00:50:49,560 --> 00:50:51,959
Speaker 3: I would say that knocking out that credit card debt

1194
00:50:52,000 --> 00:50:54,240
Speaker 3: is absolutely worthy of a party.

1195
00:50:54,280 --> 00:50:57,000
Speaker 2: And by the way, it's a birthday party. Man. That

1196
00:50:57,080 --> 00:50:59,319
Speaker 2: reminded me of the beginning of the Bright Eye song.

1197
00:51:00,719 --> 00:51:01,640
Speaker 1: It's a party just for you.

1198
00:51:01,719 --> 00:51:04,480
Speaker 2: It's your birthday party. Like, don't just call your birthday party.

1199
00:51:04,560 --> 00:51:07,480
Speaker 3: I would even say, be bold enough to highlight the

1200
00:51:07,480 --> 00:51:09,640
Speaker 3: fact that a part of why that you're able to

1201
00:51:09,719 --> 00:51:12,239
Speaker 3: have this party is because you paid off all of

1202
00:51:12,280 --> 00:51:14,160
Speaker 3: your credit card debt. Like, make it be something that

1203
00:51:14,200 --> 00:51:16,640
Speaker 3: you're proud to wear, you know, it's like a badge

1204
00:51:16,640 --> 00:51:19,000
Speaker 3: of honor as opposed to something that you're embarrassed about.

1205
00:51:19,000 --> 00:51:20,600
Speaker 3: Because again, I think that can start some of these

1206
00:51:20,600 --> 00:51:23,239
Speaker 3: conversations and you might have a whole lot of friends

1207
00:51:23,239 --> 00:51:24,080
Speaker 3: who are thinking.

1208
00:51:24,160 --> 00:51:26,160
Speaker 2: Man, how did you do that? Like what kind of

1209
00:51:26,160 --> 00:51:28,240
Speaker 2: moves did you make? You can share with them personally

1210
00:51:28,239 --> 00:51:30,120
Speaker 2: what you did and just point them to some of

1211
00:51:30,160 --> 00:51:32,160
Speaker 2: the different resources that you found helpful. Yeah, And I

1212
00:51:32,160 --> 00:51:34,600
Speaker 2: think one other thing to mention from M's big money

1213
00:51:34,640 --> 00:51:37,440
Speaker 2: when is finding the right tool for the job. And

1214
00:51:37,520 --> 00:51:40,839
Speaker 2: she mentioned that wineab worked for her given kind of

1215
00:51:41,280 --> 00:51:43,920
Speaker 2: the ADHD that she struggles with right, and I love

1216
00:51:44,000 --> 00:51:46,640
Speaker 2: that because the right tool can help you make progress faster,

1217
00:51:46,920 --> 00:51:49,799
Speaker 2: and it can make money management less daunting. And even

1218
00:51:49,840 --> 00:51:51,759
Speaker 2: though winnab costs money, it can be well worth the

1219
00:51:51,800 --> 00:51:53,960
Speaker 2: cost if it means you're gonna be budgeting better, you're

1220
00:51:53,960 --> 00:51:56,080
Speaker 2: gonna have more money, you're gonna actually bring more money

1221
00:51:56,120 --> 00:51:57,880
Speaker 2: back into your life. And if it just makes the

1222
00:51:57,920 --> 00:52:00,600
Speaker 2: whole thing less stressful, right, it means you're not going

1223
00:52:00,640 --> 00:52:03,040
Speaker 2: to throw in the towel. So we're all about using

1224
00:52:03,160 --> 00:52:05,000
Speaker 2: finding the right tool to help you do the right thing,

1225
00:52:05,239 --> 00:52:07,799
Speaker 2: because you know, personal finances personally in so many ways,

1226
00:52:07,800 --> 00:52:09,480
Speaker 2: it's not a one size fits all things right, and

1227
00:52:09,480 --> 00:52:11,040
Speaker 2: there are lots of great tools out there. It just

1228
00:52:11,040 --> 00:52:14,360
Speaker 2: depends on like how your brain works and how you

1229
00:52:14,400 --> 00:52:17,239
Speaker 2: prefer to interact with your finances. But finding what works

1230
00:52:17,239 --> 00:52:19,600
Speaker 2: for you is important and testing out some of those

1231
00:52:19,680 --> 00:52:21,560
Speaker 2: those tools makes a lot of sense. And a lot

1232
00:52:21,600 --> 00:52:23,960
Speaker 2: of those tools, including wine app, offer free trials, So

1233
00:52:24,080 --> 00:52:26,000
Speaker 2: give it, give it a shot, see if it works

1234
00:52:26,040 --> 00:52:28,319
Speaker 2: for you so you can maybe make more progress. But

1235
00:52:28,600 --> 00:52:31,640
Speaker 2: a mad props to m Mad props to everybody, everybody

1236
00:52:31,680 --> 00:52:33,439
Speaker 2: the whole Lot of Money community and shared their wins

1237
00:52:33,440 --> 00:52:34,600
Speaker 2: with us. I mean, there were more of the people

1238
00:52:34,600 --> 00:52:36,640
Speaker 2: were sharing on Facebook, more than people have shared v email.

1239
00:52:36,680 --> 00:52:38,759
Speaker 2: We couldn't get to every single one of them, but

1240
00:52:39,040 --> 00:52:41,800
Speaker 2: we feel really fortunate to get to hear all of

1241
00:52:41,840 --> 00:52:43,960
Speaker 2: your success stories, to get to be like a small

1242
00:52:44,000 --> 00:52:46,680
Speaker 2: part really of what you've been able to accomplish, and

1243
00:52:47,120 --> 00:52:49,880
Speaker 2: just to get to root you on here from our

1244
00:52:49,920 --> 00:52:51,000
Speaker 2: little how to money studios.

1245
00:52:51,080 --> 00:52:52,920
Speaker 3: Yeah, it truly is an honor to be included as

1246
00:52:52,920 --> 00:52:55,200
Speaker 3: they're thinking about some of some of the financial wins

1247
00:52:55,440 --> 00:52:58,360
Speaker 3: that they have made this year. But man, let's quickly

1248
00:52:58,480 --> 00:53:01,520
Speaker 3: share our thoughts on ronic happiness IPA.

1249
00:53:01,760 --> 00:53:05,080
Speaker 2: This is a beer by Frog Rock Brewery, again donated

1250
00:53:05,120 --> 00:53:07,640
Speaker 2: to the show by our buddy Joe. Joe, thank you

1251
00:53:07,680 --> 00:53:08,000
Speaker 2: so much.

1252
00:53:08,560 --> 00:53:09,279
Speaker 1: What were your thoughts?

1253
00:53:09,440 --> 00:53:11,399
Speaker 2: I'm chronically I'm just chronically happy right now because I'm

1254
00:53:11,440 --> 00:53:14,520
Speaker 2: drinking beer, I'm listening to success stories from I'm learning

1255
00:53:14,560 --> 00:53:17,200
Speaker 2: alongside and everyone else. So this is one of my

1256
00:53:17,200 --> 00:53:19,719
Speaker 2: favorite episodes, A true joy to participate in.

1257
00:53:19,840 --> 00:53:20,959
Speaker 1: And this beer was a joy.

1258
00:53:21,040 --> 00:53:24,239
Speaker 2: This had more West Coast fives, more piny notes're going on,

1259
00:53:24,400 --> 00:53:27,680
Speaker 2: you know, quite pithy. Yeah, and so, but also you

1260
00:53:27,719 --> 00:53:29,839
Speaker 2: could taste the same thing water from the other one

1261
00:53:29,880 --> 00:53:31,680
Speaker 2: that that Mexican logger that we had.

1262
00:53:31,840 --> 00:53:34,560
Speaker 3: It's got that same It's almost like the beer has

1263
00:53:34,600 --> 00:53:36,839
Speaker 3: like a texture or something like that. It's I don't

1264
00:53:36,880 --> 00:53:39,200
Speaker 3: know how to describe it, but I assume that it's

1265
00:53:39,239 --> 00:53:41,000
Speaker 3: the spring water that they're using, but it has a

1266
00:53:41,000 --> 00:53:42,000
Speaker 3: similar profile.

1267
00:53:42,080 --> 00:53:44,279
Speaker 2: Even though that this is a completely different beer and

1268
00:53:44,280 --> 00:53:46,680
Speaker 2: it's unique. It's not like this is something that we've

1269
00:53:46,719 --> 00:53:48,919
Speaker 2: picked up before with other beers.

1270
00:53:48,960 --> 00:53:51,000
Speaker 3: So I think it's cool that there's a brewery out

1271
00:53:51,000 --> 00:53:54,279
Speaker 3: there making something that is literally unique, Like nobody else

1272
00:53:54,360 --> 00:53:56,040
Speaker 3: is going to be able to make beers like this.

1273
00:53:56,040 --> 00:53:57,640
Speaker 2: It makes me think of like the whole New York

1274
00:53:57,640 --> 00:53:58,440
Speaker 2: pizza crust.

1275
00:53:58,600 --> 00:54:01,000
Speaker 1: It's like, oh, it's the water, yeah, is it? I

1276
00:54:01,040 --> 00:54:01,600
Speaker 1: don't know, I don't know.

1277
00:54:01,640 --> 00:54:04,799
Speaker 2: I mean it is like the water is different everywhere, right,

1278
00:54:04,840 --> 00:54:08,000
Speaker 2: So yeah, maybe that's what's contributing to how unique and

1279
00:54:08,040 --> 00:54:10,399
Speaker 2: interesting this beer is. I really enjoyed it big thanks

1280
00:54:10,400 --> 00:54:12,520
Speaker 2: to Joe for sharing it with us. You're the best dude.

1281
00:54:12,719 --> 00:54:14,800
Speaker 2: All right, that's going to do it for this episode again.

1282
00:54:15,040 --> 00:54:15,920
Speaker 2: Congrats to everyone.

1283
00:54:15,920 --> 00:54:16,279
Speaker 1: Thank you.

1284
00:54:16,280 --> 00:54:18,920
Speaker 2: Can't wait to listen to your Money Wins next year.

1285
00:54:18,960 --> 00:54:21,160
Speaker 2: There's a lot of crushing to be done in the meantime,

1286
00:54:21,760 --> 00:54:23,279
Speaker 2: but man, that's going to do it. And if people

1287
00:54:23,320 --> 00:54:25,200
Speaker 2: want links, by the way, to some of the episodes

1288
00:54:25,239 --> 00:54:26,960
Speaker 2: that we mentioned, you can find those up on our

1289
00:54:26,960 --> 00:54:29,759
Speaker 2: website at houtmoney dot com. So until next time, best

1290
00:54:29,800 --> 00:54:45,040
Speaker 2: friends out, best friends out, all right,