1 00:00:00,080 --> 00:00:03,160 Speaker 1: Welcome to How the Money. I'm Joel and I and Matt. 2 00:00:03,360 --> 00:00:08,200 Speaker 1: Today we're discussing concerts on credit evaporating assets and can 3 00:00:08,240 --> 00:00:29,920 Speaker 1: you afford me? Now? Can you hear me? Now? I 4 00:00:29,960 --> 00:00:31,640 Speaker 1: don't know if folks got that, but we definitely are 5 00:00:31,640 --> 00:00:36,000 Speaker 1: gonna be talking about selfos on during this episode. But yeah, man, 6 00:00:36,040 --> 00:00:37,760 Speaker 1: this is our Friday flight and we're gonna cover a 7 00:00:37,760 --> 00:00:40,000 Speaker 1: bunch of different stories that we came across this week 8 00:00:40,360 --> 00:00:43,560 Speaker 1: and how they're going to impact your money. But real quick, man, 9 00:00:44,320 --> 00:00:46,640 Speaker 1: let's let folks know that we finally have gotten our 10 00:00:46,720 --> 00:00:50,440 Speaker 1: hot of money socks here in the office. Actually, they 11 00:00:50,440 --> 00:00:52,720 Speaker 1: look so good, we feel so good. Oh they're awesome. 12 00:00:52,800 --> 00:00:54,200 Speaker 1: I was gonna say that we just got them in, 13 00:00:54,240 --> 00:00:55,800 Speaker 1: but we've actually had them for a few weeks, but 14 00:00:56,120 --> 00:00:58,560 Speaker 1: we've been moving, so yeah, we've we've moved, they've been 15 00:00:58,640 --> 00:01:01,560 Speaker 1: in the box, but now they are ready for prime time. 16 00:01:02,080 --> 00:01:05,800 Speaker 1: They look so good and podcasting is not a great 17 00:01:05,800 --> 00:01:08,360 Speaker 1: medium to share how something looks, and so we'll make 18 00:01:08,360 --> 00:01:11,399 Speaker 1: sure to post a picture of them over on Instagram. 19 00:01:11,560 --> 00:01:13,320 Speaker 1: Go give us a follow at how to Money pod 20 00:01:13,400 --> 00:01:17,319 Speaker 1: ib in our newsletter to will share exactly. And by 21 00:01:17,360 --> 00:01:19,119 Speaker 1: the way, we've already got the socks in the mail 22 00:01:19,160 --> 00:01:21,640 Speaker 1: to all of the folks who we chose who gave 23 00:01:21,760 --> 00:01:25,560 Speaker 1: us money tips. We celebrated that that was episode five 24 00:01:25,800 --> 00:01:29,360 Speaker 1: D and I'm ashamed, like we were really hoping to 25 00:01:29,400 --> 00:01:32,320 Speaker 1: have those socks done by the design just forever. Well, 26 00:01:32,360 --> 00:01:35,480 Speaker 1: the process going back and forth, and that is exactly it. 27 00:01:35,560 --> 00:01:37,600 Speaker 1: We wanted to make sure that there were socks that 28 00:01:37,880 --> 00:01:40,280 Speaker 1: we would be proud of wearing. And we got a 29 00:01:40,280 --> 00:01:42,760 Speaker 1: sample of some Crumby ones and we should put a 30 00:01:42,760 --> 00:01:45,160 Speaker 1: picture of the Crumby ones next to the good ones. Dud. 31 00:01:45,360 --> 00:01:48,360 Speaker 1: The Crumby ones are terrible. They like, they suck. They 32 00:01:48,400 --> 00:01:51,080 Speaker 1: don't even deserve to wipe your dirty table down, you know, 33 00:01:51,160 --> 00:01:53,400 Speaker 1: they were that bad. I mean, they're comical, they're they're 34 00:01:53,440 --> 00:01:55,640 Speaker 1: so funny, and we we still have them around because 35 00:01:55,760 --> 00:01:57,760 Speaker 1: it just makes us feel so much better about the 36 00:01:57,800 --> 00:01:59,680 Speaker 1: ones that we did go back and forth on to 37 00:01:59,680 --> 00:02:01,600 Speaker 1: make sure that we got and the ones that we 38 00:02:01,600 --> 00:02:03,600 Speaker 1: we chose cost more money. But sometimes you gotta pay 39 00:02:03,600 --> 00:02:06,480 Speaker 1: more money to get a good products. That's true, not always, 40 00:02:06,520 --> 00:02:07,920 Speaker 1: but most of the time. But yeah, we'll make sure 41 00:02:08,000 --> 00:02:10,079 Speaker 1: to share that with folks, and you know, stay soon 42 00:02:10,120 --> 00:02:12,639 Speaker 1: because we're gonna find other creative ways to make sure 43 00:02:12,760 --> 00:02:14,760 Speaker 1: that how the Money listeners out there can get their 44 00:02:14,800 --> 00:02:17,680 Speaker 1: hands on a pair of of How the Money Sucks. 45 00:02:17,840 --> 00:02:20,600 Speaker 1: But they look so good. I'm really excited. Yeah, and 46 00:02:20,639 --> 00:02:22,200 Speaker 1: I just want to say one more thing on the front. 47 00:02:22,240 --> 00:02:24,360 Speaker 1: A lot of listeners they wanted to create like a 48 00:02:24,360 --> 00:02:26,520 Speaker 1: How the Money store, so we can sell cool how 49 00:02:26,560 --> 00:02:29,880 Speaker 1: the Money tulip glasses like you and I use here 50 00:02:29,919 --> 00:02:32,880 Speaker 1: in the student that your your cousin made right, Yeah, 51 00:02:32,960 --> 00:02:34,800 Speaker 1: I mean she had uncustoma. She took our logo and 52 00:02:34,840 --> 00:02:37,160 Speaker 1: they etched it on these tulip glasses. So, but the 53 00:02:37,160 --> 00:02:40,000 Speaker 1: problem is we we want to avoid shipping things out 54 00:02:40,080 --> 00:02:42,040 Speaker 1: on a weekly basis to people who buy stuff right, 55 00:02:42,080 --> 00:02:43,560 Speaker 1: so we want to find somebody who can create on 56 00:02:43,680 --> 00:02:45,679 Speaker 1: demand and drop ship. We have not been able to 57 00:02:45,720 --> 00:02:48,600 Speaker 1: find that, especially for someone who creates beer glasses. So 58 00:02:48,919 --> 00:02:51,440 Speaker 1: if you're a listener out there and you know of somebody, 59 00:02:51,480 --> 00:02:53,760 Speaker 1: you know of a business that does this and does 60 00:02:53,800 --> 00:02:56,280 Speaker 1: it well, we'd love to hear from you because we 61 00:02:56,320 --> 00:02:59,120 Speaker 1: don't mind selling some cool how the Money merchant. We 62 00:02:59,120 --> 00:03:01,040 Speaker 1: don't even here if we make money. We just want 63 00:03:01,080 --> 00:03:02,520 Speaker 1: you to be able to buy something that you enjoy 64 00:03:02,560 --> 00:03:05,840 Speaker 1: and you think it's cool. Um, exactly represents your affinity 65 00:03:05,919 --> 00:03:08,840 Speaker 1: for a nerdy podcast. But uh so, yeah, if you 66 00:03:08,919 --> 00:03:10,600 Speaker 1: if you know of a company that does this, well, 67 00:03:10,639 --> 00:03:12,640 Speaker 1: please reach out to us how to Money Pod at 68 00:03:12,720 --> 00:03:15,919 Speaker 1: gmail dot com. And yeah, we'd love to hear your suggestions, 69 00:03:15,960 --> 00:03:18,280 Speaker 1: because yeah, we think our little mugs are cool. We 70 00:03:18,280 --> 00:03:21,120 Speaker 1: think our our our new socks are cool. Can't wait 71 00:03:21,120 --> 00:03:22,440 Speaker 1: to get them in the hands of folks. And those 72 00:03:22,480 --> 00:03:24,639 Speaker 1: are just gonna be you know, free with different giveaways 73 00:03:24,639 --> 00:03:27,079 Speaker 1: that we do over the coming months. But the how 74 00:03:27,080 --> 00:03:31,200 Speaker 1: the money elect those who are chosen the rare, the few, right, 75 00:03:31,600 --> 00:03:33,760 Speaker 1: But we would love to create some more stuff that 76 00:03:33,800 --> 00:03:36,640 Speaker 1: people can buy if they wanted to. Actually haven't found 77 00:03:36,640 --> 00:03:38,480 Speaker 1: the right way to do it. Yeah. Hey, by the way, 78 00:03:38,520 --> 00:03:42,080 Speaker 1: I've I finally been to Costco here in Atlanta. Like 79 00:03:42,120 --> 00:03:45,200 Speaker 1: I've shared before, how it was good. I took Westy 80 00:03:45,280 --> 00:03:47,800 Speaker 1: with me and we yeah, we we definitely took our 81 00:03:47,800 --> 00:03:50,760 Speaker 1: time with Peru's the items, we got our free samples, 82 00:03:51,120 --> 00:03:54,400 Speaker 1: which was a lot of fun. Weston definitely enjoyed that. 83 00:03:55,000 --> 00:03:56,800 Speaker 1: But uh so, as I was walking through the that 84 00:03:56,880 --> 00:03:58,680 Speaker 1: what I realized though, is that I don't have any 85 00:03:58,800 --> 00:04:01,480 Speaker 1: bearing I don't have the history of knowing what's good 86 00:04:01,560 --> 00:04:04,120 Speaker 1: to buy there. Like when we go to Aldi, we know, Okay, 87 00:04:04,160 --> 00:04:06,000 Speaker 1: this is good, you avoid this, you get this and this. 88 00:04:06,320 --> 00:04:07,920 Speaker 1: What are do you have a few items that are 89 00:04:07,960 --> 00:04:09,880 Speaker 1: just amazing that are kind of like top top quality 90 00:04:09,960 --> 00:04:13,040 Speaker 1: that are either Kirkland sig or stuff. Question. This could 91 00:04:13,040 --> 00:04:14,880 Speaker 1: take up a whole podcast episode. Matt, we might not 92 00:04:14,960 --> 00:04:17,159 Speaker 1: get to top three. Okay, what are your top three? Like, 93 00:04:17,200 --> 00:04:19,280 Speaker 1: you gotta get these three things? Okay with the Costco 94 00:04:19,320 --> 00:04:21,320 Speaker 1: hot dog, you know that, but well, I will say 95 00:04:21,360 --> 00:04:24,520 Speaker 1: news this week, the CEO of Costco was asked, is 96 00:04:24,560 --> 00:04:26,080 Speaker 1: the price of the hot talk going up? Oh yeah? 97 00:04:26,080 --> 00:04:28,600 Speaker 1: He gave a one word answer. No, it's an inflation hedge, 98 00:04:28,600 --> 00:04:31,720 Speaker 1: which I appreciate. It is still the cheapest lunch in town. 99 00:04:31,760 --> 00:04:33,480 Speaker 1: You've got that on your side. Okay, so I'm gonna 100 00:04:33,480 --> 00:04:35,640 Speaker 1: skip that. Okay, something like, well, let's say if you 101 00:04:35,680 --> 00:04:37,520 Speaker 1: have a kid, if you have a baby, Um, the 102 00:04:37,560 --> 00:04:41,440 Speaker 1: Costco infant formula is great and it's pretty inexpensive. Neither 103 00:04:41,480 --> 00:04:43,960 Speaker 1: of us. We're out of that stage. But uh, the 104 00:04:44,000 --> 00:04:47,240 Speaker 1: Costco like checking out, especially given all the formula shorts 105 00:04:47,600 --> 00:04:49,520 Speaker 1: that we've experienced over the past few months. The interesting 106 00:04:49,760 --> 00:04:51,640 Speaker 1: some things that costco are cheaper, especially things that are 107 00:04:51,640 --> 00:04:53,800 Speaker 1: on clearance. Like the last time I went, a twenty 108 00:04:53,800 --> 00:04:57,640 Speaker 1: six pack of cliff Bars was on clearance for ten dollars. Okay, 109 00:04:57,880 --> 00:05:01,120 Speaker 1: ten dollars, man, that's like the cheapest we legit. It's 110 00:05:01,160 --> 00:05:02,720 Speaker 1: like we'll pack a bunch of them, you know, in 111 00:05:03,000 --> 00:05:04,599 Speaker 1: the pack when we go for a hike. So look 112 00:05:04,640 --> 00:05:06,800 Speaker 1: look for things that end in ninety seven cents. You'll 113 00:05:06,839 --> 00:05:08,640 Speaker 1: know that's on clearance. And if it's something that you're 114 00:05:08,680 --> 00:05:11,560 Speaker 1: going to use, sometimes you can get like a killer deal. 115 00:05:11,800 --> 00:05:14,279 Speaker 1: They're Jelly. I don't know why, man, they're Cirkland signature 116 00:05:14,360 --> 00:05:16,080 Speaker 1: Jelly is a big fan of that. I've heard off 117 00:05:16,080 --> 00:05:18,160 Speaker 1: the chain. Yeah, you'll you'll bring a jar of that 118 00:05:18,279 --> 00:05:20,320 Speaker 1: to the beach or something, you know, and it's got 119 00:05:20,320 --> 00:05:22,160 Speaker 1: like the real strawberries and stuff in there. It puts 120 00:05:22,160 --> 00:05:24,880 Speaker 1: to shame almost everything else, Like they comes pre package 121 00:05:24,960 --> 00:05:28,080 Speaker 1: that Aldi or whatever that calls itself jelly, Like it's 122 00:05:28,440 --> 00:05:30,640 Speaker 1: they're not even on the same well, it's like they're preserves. 123 00:05:30,920 --> 00:05:33,400 Speaker 1: It's not just jelly. There's a there's actual fruit right, 124 00:05:33,480 --> 00:05:37,479 Speaker 1: made with real fruit, all right, hot dogs formula jelly 125 00:05:37,720 --> 00:05:39,719 Speaker 1: those are a few things. Tires are another good thing. 126 00:05:39,800 --> 00:05:41,760 Speaker 1: When when tires are on sale, that's a good place 127 00:05:41,760 --> 00:05:43,799 Speaker 1: to get tired, especially because you can get the rotation 128 00:05:43,800 --> 00:05:45,920 Speaker 1: and balance and you get that done for free and 129 00:05:46,160 --> 00:05:48,080 Speaker 1: what you want. That's right. Yeah, how often do the 130 00:05:48,080 --> 00:05:51,400 Speaker 1: tires going sale? No? No, much more than that. So 131 00:05:51,560 --> 00:05:53,679 Speaker 1: keep that in mine because up until now, I've always 132 00:05:53,680 --> 00:05:56,320 Speaker 1: gone to the local garage in our old neighborhood, and 133 00:05:56,360 --> 00:05:59,760 Speaker 1: they also do the free rotation and balancing anytime you want, 134 00:05:59,800 --> 00:06:02,360 Speaker 1: and oftentimes they'll do a free patch repair. But good 135 00:06:02,400 --> 00:06:04,000 Speaker 1: to know that I can count on Costco will do 136 00:06:04,120 --> 00:06:06,880 Speaker 1: free patch repairs too, So free plugs and patches. Keep 137 00:06:06,920 --> 00:06:09,320 Speaker 1: that in mind, appreciate the tipsy and and we can 138 00:06:09,440 --> 00:06:11,880 Speaker 1: keep going and maybe maybe we'll just do a Warehouse 139 00:06:11,880 --> 00:06:14,880 Speaker 1: Club episode one of these days. Okay, well, let's let's 140 00:06:15,240 --> 00:06:17,160 Speaker 1: move on, Matt. Let's get to the Friday flight. The 141 00:06:17,200 --> 00:06:19,640 Speaker 1: stories we found interesting this week because there's a lot 142 00:06:19,640 --> 00:06:22,599 Speaker 1: of stuff to cover, uh not just cheap hot dogs. 143 00:06:22,640 --> 00:06:28,040 Speaker 1: But I just real quick follow up to Wednesday's episode, Matt, 144 00:06:28,080 --> 00:06:31,760 Speaker 1: we talked about thriving during an economic downturn, and I 145 00:06:31,839 --> 00:06:35,160 Speaker 1: was just noodling it yesterday after we released that episode, 146 00:06:35,160 --> 00:06:36,719 Speaker 1: and I was like, man, one thing we didn't mention 147 00:06:36,800 --> 00:06:40,120 Speaker 1: that actually was worth mentioning is is house hacking. That 148 00:06:40,320 --> 00:06:42,520 Speaker 1: is such a great way for folks to curb costs 149 00:06:42,600 --> 00:06:46,599 Speaker 1: and create income. Let's say we do aner a recessionary environment, 150 00:06:46,640 --> 00:06:49,760 Speaker 1: we we might be hitting that point. Well, uh, we 151 00:06:49,800 --> 00:06:52,039 Speaker 1: also might not, but it's it's really it's the only 152 00:06:52,040 --> 00:06:54,440 Speaker 1: way we know that you can live for for free 153 00:06:54,520 --> 00:06:57,160 Speaker 1: or close to free, where your housing costs can be 154 00:06:57,360 --> 00:07:00,080 Speaker 1: significantly covered. And so if that's something you're in just 155 00:07:00,160 --> 00:07:02,400 Speaker 1: in learning more about episode four or forty five, we 156 00:07:02,520 --> 00:07:05,800 Speaker 1: covered that with with Craig Kurlap and yeah, he talked 157 00:07:05,839 --> 00:07:07,600 Speaker 1: about a bunch of different ways you can get started. 158 00:07:07,760 --> 00:07:09,160 Speaker 1: I think that's one of those things that's one of 159 00:07:09,200 --> 00:07:11,800 Speaker 1: those practical things that for a lot of people when 160 00:07:11,800 --> 00:07:13,320 Speaker 1: they're like, okay, but I know I need to make 161 00:07:13,400 --> 00:07:16,240 Speaker 1: drastic changes. If you've lost your job or if you're 162 00:07:16,280 --> 00:07:20,320 Speaker 1: really are you're just more worried about a precarious financial 163 00:07:20,320 --> 00:07:22,880 Speaker 1: position that you might be in. House hacking is something 164 00:07:22,920 --> 00:07:25,160 Speaker 1: that a lot of folks can implement. It's it's not 165 00:07:25,200 --> 00:07:28,960 Speaker 1: always convenient or easy, but it can definitely be lucrative. Well, yeah, 166 00:07:29,000 --> 00:07:30,840 Speaker 1: it can move the needle in a big way, right, Like, like, 167 00:07:30,880 --> 00:07:33,080 Speaker 1: if you're trying to make some big changes to your finances, 168 00:07:33,160 --> 00:07:35,040 Speaker 1: you're not going to get there by clipping coupons. It's 169 00:07:35,040 --> 00:07:37,480 Speaker 1: going to be, you know, tackling some of these bigger 170 00:07:37,480 --> 00:07:40,480 Speaker 1: items like housing. And I wanted to also share house hacking. 171 00:07:40,560 --> 00:07:42,080 Speaker 1: I think it's something that a lot of us have 172 00:07:42,160 --> 00:07:44,560 Speaker 1: already done, we just haven't called it house hacking. But like, 173 00:07:44,600 --> 00:07:46,640 Speaker 1: think back to when you're in college, you probably had 174 00:07:46,640 --> 00:07:49,320 Speaker 1: a roommate. Like having a roommate is a way to 175 00:07:49,360 --> 00:07:51,720 Speaker 1: house hack, and oftentimes we think that that's something that 176 00:07:51,760 --> 00:07:53,800 Speaker 1: you can only or that you should only do when 177 00:07:53,800 --> 00:07:56,000 Speaker 1: you're a student, or when you're younger, or when you're 178 00:07:56,000 --> 00:07:58,040 Speaker 1: in you know, when you're in college. But I think 179 00:07:58,040 --> 00:08:01,320 Speaker 1: if you are a single adults, having a roommate is 180 00:08:01,320 --> 00:08:04,200 Speaker 1: an awesome way to not only make your life maybe 181 00:08:04,240 --> 00:08:07,400 Speaker 1: a little more rewarding and en reaching by introducing some 182 00:08:07,440 --> 00:08:09,120 Speaker 1: social interaction, but it's a great way to save some 183 00:08:09,160 --> 00:08:11,320 Speaker 1: money as well. And not even if you're single. I 184 00:08:11,400 --> 00:08:14,440 Speaker 1: know multiple couples who have had roommates in their house 185 00:08:14,640 --> 00:08:17,680 Speaker 1: after they were married, and I think you might think 186 00:08:17,680 --> 00:08:19,200 Speaker 1: that that's not for you, but I think it could 187 00:08:19,200 --> 00:08:20,640 Speaker 1: be not only a great way to save money, but 188 00:08:20,680 --> 00:08:22,520 Speaker 1: you might even find out that that's a lot of fun. Yeah, 189 00:08:22,720 --> 00:08:24,880 Speaker 1: and so I think it's worth mentioning. Don't shut it 190 00:08:24,880 --> 00:08:27,840 Speaker 1: down out of hand, right exactly? Yeah. Uh. In news 191 00:08:27,920 --> 00:08:29,920 Speaker 1: that we hate to see, we saw that the monthly 192 00:08:30,000 --> 00:08:33,679 Speaker 1: savings rate it's back to historic lows. Americans are now 193 00:08:33,800 --> 00:08:38,000 Speaker 1: tapping their excess savings in large part to combat higher prices. 194 00:08:38,240 --> 00:08:41,360 Speaker 1: There's actually still what economists referred to as excess savings 195 00:08:41,360 --> 00:08:44,160 Speaker 1: hanging around. Um. But that's actually that's an interesting term. 196 00:08:44,200 --> 00:08:46,760 Speaker 1: It's a curious term, is because you know, considering our 197 00:08:47,120 --> 00:08:52,480 Speaker 1: nation's historically meager savings habits, some excess is actually in order, 198 00:08:52,600 --> 00:08:54,360 Speaker 1: Like we would encourage that. We think that that's a 199 00:08:54,400 --> 00:08:57,920 Speaker 1: good thing. Yeah, who who out there has excess savings? Like, 200 00:08:58,160 --> 00:09:00,600 Speaker 1: contact me and send it my way. Like, I've never 201 00:09:00,600 --> 00:09:02,400 Speaker 1: heard anybody talking about it like that. I know it's 202 00:09:02,400 --> 00:09:05,240 Speaker 1: a kind of quirky economic term, but have you ever 203 00:09:05,240 --> 00:09:07,080 Speaker 1: had a friend who's like, man, I got excess savings? 204 00:09:07,320 --> 00:09:10,960 Speaker 1: From an economic standpoint, it's beyond the amount that Americans 205 00:09:10,960 --> 00:09:13,959 Speaker 1: typically right in their exactly, but the monthly savings written 206 00:09:14,040 --> 00:09:16,480 Speaker 1: though it's back now and the not so a great 207 00:09:16,480 --> 00:09:19,280 Speaker 1: five percent range. This is according to the Bureau of 208 00:09:19,320 --> 00:09:22,400 Speaker 1: Economic Analysis. And you know, we're not saying that it's 209 00:09:22,440 --> 00:09:25,600 Speaker 1: easy to save money right now, but to be back 210 00:09:25,679 --> 00:09:27,840 Speaker 1: near all time lows when it comes to how much 211 00:09:27,840 --> 00:09:30,120 Speaker 1: folks are able to set aside in their bank accounts 212 00:09:30,240 --> 00:09:33,160 Speaker 1: is a little frightening. Folks are taking on more and 213 00:09:33,200 --> 00:09:35,720 Speaker 1: more credit card debt to get by saving less than 214 00:09:35,760 --> 00:09:37,920 Speaker 1: spending more. It's it's gonna take you in the opposite 215 00:09:37,960 --> 00:09:41,160 Speaker 1: direction of financial freedom while everyone else is around you 216 00:09:41,240 --> 00:09:44,199 Speaker 1: spending that quote unquote excess savings. You might want to 217 00:09:44,240 --> 00:09:46,000 Speaker 1: hold onto it. I guess it was maybe too much 218 00:09:46,000 --> 00:09:49,920 Speaker 1: to ask of folks to maintain their frugal ways that 219 00:09:49,960 --> 00:09:52,240 Speaker 1: we've all experienced for the past year. It's a bit 220 00:09:52,240 --> 00:09:54,960 Speaker 1: pollyanish because on the surface it looked like our outlook, 221 00:09:55,120 --> 00:09:58,040 Speaker 1: or at least our current conditions, had changed. But when 222 00:09:58,040 --> 00:10:01,400 Speaker 1: you don't change the underlying habit, it's we're gonna quickly 223 00:10:01,440 --> 00:10:04,640 Speaker 1: just revert back to the norm. I remember in the 224 00:10:04,679 --> 00:10:07,880 Speaker 1: aftermath of the Great Recession, certain really smart people saying 225 00:10:08,000 --> 00:10:10,560 Speaker 1: these habits are gonna stick, and I remember thinking, I 226 00:10:10,600 --> 00:10:12,800 Speaker 1: just don't think that's gonna happen, and and it didn't. 227 00:10:12,840 --> 00:10:16,080 Speaker 1: People started after a little while where they started to 228 00:10:16,080 --> 00:10:18,800 Speaker 1: handle money better because they were forced to. They quickly 229 00:10:18,800 --> 00:10:21,360 Speaker 1: lost that knack and so the habit didn't stick around. 230 00:10:21,440 --> 00:10:23,200 Speaker 1: And and so we hate to see that. We we 231 00:10:23,240 --> 00:10:25,560 Speaker 1: want to see people um saving more of their money. 232 00:10:25,600 --> 00:10:27,800 Speaker 1: We want to see people five percent is terrible, Like 233 00:10:28,000 --> 00:10:30,080 Speaker 1: nobody should be saving five percent of their money. We 234 00:10:30,120 --> 00:10:33,199 Speaker 1: think people should be saving investing a minimum of what 235 00:10:33,240 --> 00:10:35,280 Speaker 1: they bring in, like we wanna. We want to see 236 00:10:35,280 --> 00:10:38,440 Speaker 1: that saving tree take higher in your life, even if nationally, 237 00:10:38,520 --> 00:10:40,720 Speaker 1: on the average it's going down. And and on that 238 00:10:40,760 --> 00:10:44,400 Speaker 1: note matter, recent survey from lending Tree drives home our 239 00:10:44,520 --> 00:10:49,880 Speaker 1: national inability to save. Well of individual surveyed by lending 240 00:10:49,880 --> 00:10:51,760 Speaker 1: Tree said that it's worth it to go into debt 241 00:10:52,160 --> 00:10:53,880 Speaker 1: in order to go see a show, in order to 242 00:10:53,880 --> 00:10:57,200 Speaker 1: go see a concerts And um, I'm sure you're not 243 00:10:57,240 --> 00:10:59,880 Speaker 1: surprised it's on credit, babe. We think this is a 244 00:11:00,200 --> 00:11:03,079 Speaker 1: really bad idea. You should be saving up for bigger 245 00:11:03,120 --> 00:11:05,720 Speaker 1: purchases instead. Man, it makes me think about your goal 246 00:11:06,080 --> 00:11:08,080 Speaker 1: to go to the World Cup and was that a 247 00:11:08,120 --> 00:11:11,760 Speaker 1: pun um my goal? Your so to go to the 248 00:11:11,800 --> 00:11:13,560 Speaker 1: World Cup actually I don't know if we've talked about 249 00:11:13,600 --> 00:11:15,319 Speaker 1: this since they announced it. So it was a few 250 00:11:15,320 --> 00:11:17,880 Speaker 1: weeks ago that they announced the host cities for the 251 00:11:17,880 --> 00:11:20,839 Speaker 1: World Cup. Maybe and of course Atlanta is going to 252 00:11:21,000 --> 00:11:24,560 Speaker 1: have at least one, maybe even more World Cup matches. 253 00:11:24,600 --> 00:11:27,280 Speaker 1: But back in twenty we talked about this because there 254 00:11:27,280 --> 00:11:29,760 Speaker 1: were rumors and I had looked at what the previous 255 00:11:29,760 --> 00:11:32,000 Speaker 1: World Cup tickets were going for. I was in Russia. 256 00:11:32,120 --> 00:11:34,800 Speaker 1: I forget where it was, but it's it's thousands of dollars, 257 00:11:34,960 --> 00:11:38,240 Speaker 1: like they are not cheap the country that cannot be named, 258 00:11:38,600 --> 00:11:41,720 Speaker 1: that's true. Um, But basically I started saving. Then, I 259 00:11:41,720 --> 00:11:44,440 Speaker 1: started chipping away a small amount of money into a 260 00:11:44,480 --> 00:11:47,000 Speaker 1: little savings bucket. And by the time that World Cup 261 00:11:47,240 --> 00:11:50,040 Speaker 1: rolls around, man, it is not going to be difficult 262 00:11:50,080 --> 00:11:52,520 Speaker 1: for me to plunk down the money. Again, it's gonna 263 00:11:52,520 --> 00:11:54,240 Speaker 1: cost a lot of money. But I actually checked recently. 264 00:11:54,240 --> 00:11:56,440 Speaker 1: I've got a little under two thousand dollars in that 265 00:11:56,480 --> 00:11:59,199 Speaker 1: account to be able to put towards that. I am 266 00:11:59,240 --> 00:12:01,480 Speaker 1: not going to be going into debt in order to 267 00:12:01,520 --> 00:12:03,920 Speaker 1: go to the World Cup. Yeah, and and most most 268 00:12:04,240 --> 00:12:06,160 Speaker 1: concerts don't get announced as far in advance as the 269 00:12:06,160 --> 00:12:08,960 Speaker 1: World Cup, but still like tours get announced months and 270 00:12:08,960 --> 00:12:10,959 Speaker 1: months ahead of time, and so it gives you twell 271 00:12:11,280 --> 00:12:13,600 Speaker 1: enough time for you to you know, set aside, fifty 272 00:12:13,640 --> 00:12:16,040 Speaker 1: six bucks to the show you want to go to 273 00:12:16,120 --> 00:12:18,079 Speaker 1: are probably not as expensive as World Cup tickets either, 274 00:12:18,120 --> 00:12:20,640 Speaker 1: so you can hopefully save it more quickly. But just 275 00:12:20,720 --> 00:12:23,480 Speaker 1: one more quick tip two on that front. Um, besides 276 00:12:23,559 --> 00:12:25,280 Speaker 1: just saving up to make sure you're not going into 277 00:12:25,280 --> 00:12:27,320 Speaker 1: debt to go to a fun show, buying at the 278 00:12:27,360 --> 00:12:30,360 Speaker 1: box office often saves you huge money in fees. Matt, 279 00:12:30,600 --> 00:12:34,839 Speaker 1: it makes me think ticket Master, what's what's the other one? Worst? 280 00:12:34,880 --> 00:12:37,240 Speaker 1: What live Nations? Or maybe they're the same. I don't, 281 00:12:37,320 --> 00:12:39,240 Speaker 1: I don't don't. I know either I hate them both 282 00:12:39,920 --> 00:12:42,680 Speaker 1: or if they're the same, I hate it that entity. 283 00:12:42,800 --> 00:12:46,040 Speaker 1: I hit it two times. But we went to see 284 00:12:46,120 --> 00:12:50,120 Speaker 1: Nate Bargatzie, comedian at the Fox Theater in Atlanta. Awesome show, 285 00:12:50,160 --> 00:12:53,319 Speaker 1: by the way, Nate is super hilarious and I drove 286 00:12:53,360 --> 00:12:55,280 Speaker 1: over to the Fox too. I could have biked. I 287 00:12:55,280 --> 00:12:57,680 Speaker 1: should have biked um to get those tickets at the 288 00:12:57,679 --> 00:13:00,000 Speaker 1: box office because it saved us something like fifty six 289 00:13:00,040 --> 00:13:02,960 Speaker 1: dollars in fees for four tickets. Ridiculous. It was well 290 00:13:02,960 --> 00:13:05,199 Speaker 1: worth it. So those are the kind of things where 291 00:13:05,480 --> 00:13:08,720 Speaker 1: uh yeah, a lot of box offices there's no charge 292 00:13:08,760 --> 00:13:10,920 Speaker 1: if you buy it in person. Uh same thing with 293 00:13:10,960 --> 00:13:13,680 Speaker 1: the music venue that was closest to where we still live. 294 00:13:13,800 --> 00:13:15,760 Speaker 1: It was like, great, if you go before the show, 295 00:13:16,040 --> 00:13:17,920 Speaker 1: an hour ahead of time, before any show, right, you 296 00:13:17,960 --> 00:13:20,400 Speaker 1: can pick up future tickets and you can avoid those fees. 297 00:13:20,440 --> 00:13:22,600 Speaker 1: So that's something we we suggest if you want to 298 00:13:22,679 --> 00:13:25,599 Speaker 1: kind of lower the overall cost of that concert, you 299 00:13:25,679 --> 00:13:27,200 Speaker 1: go into a good way to lower the cost of 300 00:13:27,280 --> 00:13:30,200 Speaker 1: entertainment in your life. Man, let's talk about investing. Because 301 00:13:30,360 --> 00:13:33,720 Speaker 1: the stock market it's still roughly off all time highs, 302 00:13:33,800 --> 00:13:36,520 Speaker 1: and you know, we we know that it's been gut 303 00:13:36,520 --> 00:13:39,640 Speaker 1: wrenching for a lot of folks, especially if you are 304 00:13:39,679 --> 00:13:42,720 Speaker 1: nearing retirement or if you are already in retirement. But 305 00:13:42,760 --> 00:13:44,880 Speaker 1: that being said, for everybody else, we don't think this 306 00:13:44,960 --> 00:13:47,840 Speaker 1: is a bad thing. Like we've said, it's actually good 307 00:13:47,880 --> 00:13:50,360 Speaker 1: for folks in the wealth building phase of their lives 308 00:13:50,400 --> 00:13:53,040 Speaker 1: to experience some stock market downturns. We kind of talked 309 00:13:53,040 --> 00:13:56,480 Speaker 1: about this on Wednesday, But when the market retreats, a 310 00:13:56,520 --> 00:13:58,439 Speaker 1: lot of folks they start to get a cy. You know, 311 00:13:58,600 --> 00:14:01,040 Speaker 1: they feel like they have to do something. But we 312 00:14:01,160 --> 00:14:05,199 Speaker 1: should probably adopt with the British mantra of keep calm 313 00:14:05,240 --> 00:14:10,240 Speaker 1: and carry on. This is a throwback towel. Why why 314 00:14:10,240 --> 00:14:12,760 Speaker 1: did that become such a big thing? And are just 315 00:14:12,840 --> 00:14:14,679 Speaker 1: in the I don't even guys, that's good question. I 316 00:14:14,679 --> 00:14:16,880 Speaker 1: don't know either. I don't know what facilitated it. But 317 00:14:17,120 --> 00:14:20,040 Speaker 1: keep calm, carry on with your investing. H doing something 318 00:14:20,160 --> 00:14:23,560 Speaker 1: different isn't the answer. If if you want to increase 319 00:14:23,600 --> 00:14:26,800 Speaker 1: what you are already doing, you are already investing. If 320 00:14:27,040 --> 00:14:29,400 Speaker 1: say you had a windfall, if you've got some extra 321 00:14:29,480 --> 00:14:32,480 Speaker 1: savings on hand, it might be worth considering how you 322 00:14:32,560 --> 00:14:35,000 Speaker 1: can make the most of an economic downturn, like we 323 00:14:35,080 --> 00:14:38,320 Speaker 1: talked about again on Wednesday, and look to increase the 324 00:14:38,360 --> 00:14:40,320 Speaker 1: amount and you're investing, But you do not want to 325 00:14:40,400 --> 00:14:45,080 Speaker 1: change your investing strategy in the midst of something like this, Yes, exactly. 326 00:14:45,200 --> 00:14:47,520 Speaker 1: It's it's like changing your fire escape plane in the 327 00:14:47,520 --> 00:14:49,040 Speaker 1: middle of a fire. You're like, I don't know if 328 00:14:49,120 --> 00:14:51,560 Speaker 1: this works anymore. You should probably go with what you know, 329 00:14:51,600 --> 00:14:54,680 Speaker 1: what you've practiced, right, And so another bad thing, Matt 330 00:14:54,720 --> 00:14:56,720 Speaker 1: that people are doing in a down market are is 331 00:14:56,720 --> 00:14:59,360 Speaker 1: they're looking at their four one case statement, they're checking 332 00:14:59,360 --> 00:15:02,280 Speaker 1: their balance to see how things are going. And newsflash, 333 00:15:02,680 --> 00:15:05,800 Speaker 1: for basically everyone, it's not it's not going well. But 334 00:15:05,840 --> 00:15:08,720 Speaker 1: when it comes to peaking at your balance, statistical evidence 335 00:15:08,760 --> 00:15:12,400 Speaker 1: actually shows that long term investors fare better when they 336 00:15:12,400 --> 00:15:14,800 Speaker 1: opt not to look at their statements or to log 337 00:15:14,840 --> 00:15:17,680 Speaker 1: into their accounts for like that up to minute information 338 00:15:17,800 --> 00:15:20,680 Speaker 1: on how things are going. Basically, the more often you check, 339 00:15:21,000 --> 00:15:23,760 Speaker 1: the more you're gonna be confronted with the crumbing reality 340 00:15:23,760 --> 00:15:25,840 Speaker 1: of how things are going right now, and that takes 341 00:15:25,840 --> 00:15:29,480 Speaker 1: a psychological toll. And so access to technology that allows 342 00:15:29,520 --> 00:15:32,960 Speaker 1: us to invest really simply we think that's great. But 343 00:15:33,000 --> 00:15:35,240 Speaker 1: the flip side is that it's easier than ever to 344 00:15:35,600 --> 00:15:38,520 Speaker 1: i don't know, become kind of a helicopter parent for 345 00:15:38,720 --> 00:15:41,480 Speaker 1: your for your Fidelity app or your robin Hood app 346 00:15:41,600 --> 00:15:43,320 Speaker 1: or you're in one app wherever you're going in to 347 00:15:43,400 --> 00:15:47,240 Speaker 1: check your investments, and so that can impact your future 348 00:15:47,280 --> 00:15:51,200 Speaker 1: returns because it's gonna make you more likely to make 349 00:15:51,320 --> 00:15:53,520 Speaker 1: a bad choice. And that's why we recommend having a 350 00:15:53,560 --> 00:15:56,520 Speaker 1: written investment plan right because if you put pen to paper, 351 00:15:56,960 --> 00:15:58,840 Speaker 1: there's a greater chance that you're gonna stick with the 352 00:15:58,880 --> 00:16:02,320 Speaker 1: methodology that you have set out for yourself, and so 353 00:16:02,640 --> 00:16:06,080 Speaker 1: and so, putting on the the proverbial blindfold for your 354 00:16:06,280 --> 00:16:08,760 Speaker 1: investments for the time being is probably gonna help you 355 00:16:08,800 --> 00:16:11,200 Speaker 1: sleep better, and it's gonna make you a better investor. 356 00:16:11,240 --> 00:16:13,840 Speaker 1: It's gonna make you just less anxious overall. Yeah, you 357 00:16:13,840 --> 00:16:16,600 Speaker 1: said helicopter parenting, Maybe you should adopt more of a 358 00:16:16,680 --> 00:16:20,080 Speaker 1: free range parenting approach to your investments. It's not that 359 00:16:20,120 --> 00:16:22,000 Speaker 1: you are putting the blindfold on and you completely don't 360 00:16:22,000 --> 00:16:24,280 Speaker 1: care about them anymore. You're just gonna give them a 361 00:16:24,280 --> 00:16:26,840 Speaker 1: little a little bit of room to make some mistakes. 362 00:16:26,920 --> 00:16:29,280 Speaker 1: There's gonna be some bumps, there's gonna be some scrapes 363 00:16:29,320 --> 00:16:31,440 Speaker 1: and bruises, in the same way that they're going to 364 00:16:31,480 --> 00:16:33,520 Speaker 1: be some downturns in the market. Like you, you might 365 00:16:33,560 --> 00:16:36,040 Speaker 1: even have an e er visit in your future. But 366 00:16:36,160 --> 00:16:37,840 Speaker 1: that's just all a part of being a parent. And 367 00:16:37,880 --> 00:16:39,920 Speaker 1: in the same way, there is volatility that we experience 368 00:16:40,000 --> 00:16:42,160 Speaker 1: with our investments, and so just understand that that is 369 00:16:42,160 --> 00:16:44,680 Speaker 1: a part of living life. But I agree, like it 370 00:16:44,720 --> 00:16:47,120 Speaker 1: does suck to lose money, um, but keep in mind, 371 00:16:47,160 --> 00:16:50,600 Speaker 1: if you don't sell, you haven't lost anything yet and 372 00:16:50,600 --> 00:16:52,840 Speaker 1: also recognize that what you're putting in is far more 373 00:16:52,840 --> 00:16:55,960 Speaker 1: important than the current performance that you are experiencing, because 374 00:16:56,000 --> 00:16:58,160 Speaker 1: you're buying while the stocks are on sale. Um And 375 00:16:58,200 --> 00:17:00,640 Speaker 1: so that's something else we've got to keep keep in mind. 376 00:17:01,000 --> 00:17:03,400 Speaker 1: We are still in a market that is down significantly, 377 00:17:03,760 --> 00:17:05,640 Speaker 1: and just because we have been here for a while, 378 00:17:05,800 --> 00:17:07,680 Speaker 1: I don't want that to be something that we get 379 00:17:07,760 --> 00:17:10,439 Speaker 1: used to. It's still a great opportunity for folks to 380 00:17:10,600 --> 00:17:14,320 Speaker 1: invest because if you are a long term investor in 381 00:17:14,359 --> 00:17:16,720 Speaker 1: the wealth building phase of your life, these current stock 382 00:17:16,760 --> 00:17:19,880 Speaker 1: market gyrations shouldn't have no impact on your behavior. Um. 383 00:17:19,920 --> 00:17:22,280 Speaker 1: And you know, while we're talking about focusing on the 384 00:17:22,320 --> 00:17:24,520 Speaker 1: things that you have control over, we should note that 385 00:17:24,600 --> 00:17:27,680 Speaker 1: fees are something that you should be far more concerned 386 00:17:27,680 --> 00:17:31,679 Speaker 1: about rather than the volatility of the market. P Research 387 00:17:31,760 --> 00:17:34,560 Speaker 1: they just wrote a long form article about how these 388 00:17:34,560 --> 00:17:38,840 Speaker 1: smaller fees, how they can cost investors billions of dollars. UH. 389 00:17:38,880 --> 00:17:41,480 Speaker 1: A one percent fee might might seem like a small thing, 390 00:17:41,680 --> 00:17:44,400 Speaker 1: but it could cost you hundreds of thousands of dollars 391 00:17:44,440 --> 00:17:47,000 Speaker 1: over time. So let's translate that into what that looks 392 00:17:47,000 --> 00:17:49,119 Speaker 1: like in your actual life. This means that you could, 393 00:17:49,320 --> 00:17:51,440 Speaker 1: you might have to end up working five years longer 394 00:17:51,480 --> 00:17:53,879 Speaker 1: than you have planned and delaying retirement. Maybe like I 395 00:17:53,880 --> 00:17:55,399 Speaker 1: want to retire sixty five, and it's like, well, I 396 00:17:55,440 --> 00:17:59,080 Speaker 1: can't retire tell seventy, and the the extra fees that 397 00:17:59,160 --> 00:18:01,560 Speaker 1: you paid. If you had just changed that out earlier 398 00:18:01,600 --> 00:18:03,639 Speaker 1: on in your best in career, it wouldn't come to that. 399 00:18:03,720 --> 00:18:06,720 Speaker 1: So instead of focusing on near term results, we would 400 00:18:06,800 --> 00:18:09,280 Speaker 1: rather you focus on the fundamentals, which are how much 401 00:18:09,320 --> 00:18:12,040 Speaker 1: you're contributing to your retirement accounts and then how you 402 00:18:12,080 --> 00:18:15,639 Speaker 1: can get those fees down. And actually, speaking of fees, 403 00:18:15,720 --> 00:18:17,640 Speaker 1: the next story that we're gonna get to right after 404 00:18:17,680 --> 00:18:20,760 Speaker 1: the break has to do with more fees in our life. 405 00:18:20,840 --> 00:18:23,000 Speaker 1: We will get to our ludicrous headline of the week 406 00:18:23,320 --> 00:18:34,479 Speaker 1: right after this break. All right, let's keep this Friday 407 00:18:34,560 --> 00:18:37,919 Speaker 1: flight Roland Matt. We get some more interesting stories to 408 00:18:37,960 --> 00:18:40,960 Speaker 1: get to, including one after after this next story, let's 409 00:18:41,000 --> 00:18:44,280 Speaker 1: talk about something that affects almost no one um and 410 00:18:44,320 --> 00:18:46,000 Speaker 1: they're like, yeah, I want to stick around for that. 411 00:18:46,000 --> 00:18:48,359 Speaker 1: That's kind of it's interesting still, but let's get to 412 00:18:48,359 --> 00:18:50,359 Speaker 1: our ludicrous headline of the week before we do that. 413 00:18:50,440 --> 00:18:52,800 Speaker 1: And this one is from the Wall Street Journal, and 414 00:18:52,840 --> 00:18:55,920 Speaker 1: it reads A T and T and Verizon raised prices 415 00:18:56,000 --> 00:18:59,000 Speaker 1: and test consumer budgets. Here's the thing. If you're on 416 00:18:59,080 --> 00:19:01,840 Speaker 1: way I know, older A T and T plans or 417 00:19:01,880 --> 00:19:05,320 Speaker 1: Verizon plans, they just raised rates by six dollars or 418 00:19:05,359 --> 00:19:09,280 Speaker 1: twelve dollars a month, depending on whether you're a solo 419 00:19:09,400 --> 00:19:11,800 Speaker 1: customer or you're on a family plan. And so what 420 00:19:11,920 --> 00:19:13,560 Speaker 1: I think A T and T did it first, and 421 00:19:13,600 --> 00:19:16,600 Speaker 1: the Verizon said, oh me too, let me do it, 422 00:19:16,680 --> 00:19:19,000 Speaker 1: let me do it, And so they basically matched the 423 00:19:19,040 --> 00:19:21,359 Speaker 1: same the same increase that A T and T instituted. 424 00:19:21,359 --> 00:19:24,879 Speaker 1: And so, uh, these two companies, they're also they're not 425 00:19:24,960 --> 00:19:26,960 Speaker 1: just content to do that, they're upping the tiny little 426 00:19:26,960 --> 00:19:30,040 Speaker 1: fees that are also associated with almost every cell phone 427 00:19:30,040 --> 00:19:32,359 Speaker 1: bill out there. Uh, they're adding less than a dollar 428 00:19:32,400 --> 00:19:34,639 Speaker 1: per line, but still that adds up. Let's say you 429 00:19:34,680 --> 00:19:36,719 Speaker 1: are on a family plant five or six people. Not 430 00:19:36,800 --> 00:19:39,240 Speaker 1: only are you getting that six or twelve dollar a 431 00:19:39,280 --> 00:19:42,120 Speaker 1: month increase, but then that almost a dollar per line 432 00:19:42,160 --> 00:19:46,160 Speaker 1: increase on top of it, which adds up so bucks 433 00:19:46,200 --> 00:19:49,919 Speaker 1: a month. Not nothing, it's significant, right, And and not 434 00:19:49,960 --> 00:19:52,679 Speaker 1: to mention they're just the two most expensive players in 435 00:19:52,720 --> 00:19:55,080 Speaker 1: the beginning to start with. And so if you're still 436 00:19:55,119 --> 00:19:58,119 Speaker 1: doing business with one of these companies, check your bill again, 437 00:19:58,240 --> 00:20:00,680 Speaker 1: take a look and see if you have had a 438 00:20:01,040 --> 00:20:05,360 Speaker 1: price increase recently implemented. And if you have, and even 439 00:20:05,400 --> 00:20:08,719 Speaker 1: if you haven't, it's smart to migrate to a company 440 00:20:08,720 --> 00:20:11,800 Speaker 1: that actually wants to compete for your business. Now it's 441 00:20:11,880 --> 00:20:15,439 Speaker 1: it's even more necessary than ever. So our advice to you, 442 00:20:15,560 --> 00:20:17,600 Speaker 1: if you're an A T and T or a rising customer, 443 00:20:18,040 --> 00:20:21,119 Speaker 1: is to start shopping asap. Yeah, dude, honestly, like, in 444 00:20:21,160 --> 00:20:23,040 Speaker 1: my mind, I don't understand how these companies can do 445 00:20:23,080 --> 00:20:25,760 Speaker 1: something like this because again, they are already more expensive 446 00:20:25,800 --> 00:20:27,960 Speaker 1: than some of the other customers. Um. I feel like 447 00:20:27,960 --> 00:20:29,440 Speaker 1: this would be like the final straw, like the last 448 00:20:29,440 --> 00:20:31,120 Speaker 1: straw that would break the camel's back, that we would 449 00:20:31,119 --> 00:20:34,840 Speaker 1: get people to abandoned ship. They still have tens of 450 00:20:34,880 --> 00:20:37,720 Speaker 1: millions of customers each, a lot of corporate clients. Those 451 00:20:37,760 --> 00:20:40,640 Speaker 1: are the people taking a lot of this and not 452 00:20:40,840 --> 00:20:45,160 Speaker 1: batting an eye. But individual consumers should be leaving in droves. Yes, yeah, exactly, 453 00:20:45,240 --> 00:20:48,400 Speaker 1: And that's because everyone else within the cell phone space 454 00:20:48,480 --> 00:20:52,399 Speaker 1: has been lowering prices, often while adding additional benefits, right, 455 00:20:52,440 --> 00:20:54,840 Speaker 1: like like more data even on the lower tier plans 456 00:20:55,000 --> 00:20:57,879 Speaker 1: um but not a T and T, not Verizing, not 457 00:20:58,000 --> 00:21:00,919 Speaker 1: these gargange win old school players. And so if you 458 00:21:00,960 --> 00:21:02,960 Speaker 1: are with Verizon or a T and T, there's like 459 00:21:03,000 --> 00:21:06,600 Speaker 1: a chance that you should be moving on. But where 460 00:21:06,680 --> 00:21:09,040 Speaker 1: should you go if you're just now realizing that you 461 00:21:09,040 --> 00:21:12,639 Speaker 1: could say fifty seventy five bucks a month, min Mobile, 462 00:21:13,000 --> 00:21:16,240 Speaker 1: Google Fi Invisible. They are the top three out there 463 00:21:16,240 --> 00:21:19,120 Speaker 1: in our opinion. We've actually got an article breaking down 464 00:21:19,119 --> 00:21:21,959 Speaker 1: the pros and the cons of these different plans up 465 00:21:21,960 --> 00:21:23,840 Speaker 1: on the website at how the Money dot com. Will 466 00:21:23,880 --> 00:21:25,720 Speaker 1: make sure to link to that story. Yeah, save a 467 00:21:25,720 --> 00:21:29,080 Speaker 1: ton of money, go to a company that has better service, 468 00:21:29,359 --> 00:21:31,920 Speaker 1: better prices and fewer fees. And all right, now let's 469 00:21:31,920 --> 00:21:34,760 Speaker 1: get to that story that affects probably very few How 470 00:21:34,760 --> 00:21:37,480 Speaker 1: the Money listeners. The price of a postage stamp now 471 00:21:37,520 --> 00:21:40,680 Speaker 1: cost two cents more. Send mails people, Yeah, some people do. 472 00:21:41,119 --> 00:21:43,600 Speaker 1: It's like not much, but I mean literally, are some 473 00:21:43,640 --> 00:21:47,320 Speaker 1: stamps on your desk? Literally? Yeah? Literally, it's like a 474 00:21:47,359 --> 00:21:49,880 Speaker 1: forever stamp on a novel. Up today to pay our 475 00:21:50,000 --> 00:21:52,840 Speaker 1: our quarterly corporate text. Okay, there you go. So occasionally 476 00:21:52,880 --> 00:21:57,120 Speaker 1: people do even z have to acquires you to send 477 00:21:57,119 --> 00:22:00,200 Speaker 1: it an actual mail. Yes. Well, my guess is is 478 00:22:00,240 --> 00:22:02,160 Speaker 1: that most of our listeners aren't sending too much mail, 479 00:22:02,200 --> 00:22:03,879 Speaker 1: but but if they do, it's going to cost them 480 00:22:03,920 --> 00:22:06,879 Speaker 1: just a bit more. And unfortunately you just mentioned forever stamps. 481 00:22:06,920 --> 00:22:10,040 Speaker 1: If you have forever stamps on hand, those will still work. 482 00:22:10,680 --> 00:22:11,919 Speaker 1: That's the way to do it, man. Yeah, but as 483 00:22:11,920 --> 00:22:15,760 Speaker 1: you're seeing these like hot dogs and forever stamps against inflation, 484 00:22:15,840 --> 00:22:18,280 Speaker 1: that's right, that's right. But some folks might be like, 485 00:22:18,320 --> 00:22:19,760 Speaker 1: oh man, I need to go stock up on some 486 00:22:19,800 --> 00:22:24,040 Speaker 1: of those forever stamps before those prices increase even more. Well, now, 487 00:22:24,080 --> 00:22:28,320 Speaker 1: that's probably unnecessary unless you're like a big user of stamps, right. Well, 488 00:22:28,480 --> 00:22:31,080 Speaker 1: I mean, if you're going to buy a booklet or 489 00:22:31,080 --> 00:22:32,680 Speaker 1: whatever you buy them in like the sheets, whatever, it 490 00:22:32,680 --> 00:22:34,359 Speaker 1: wouldn't hurt to buy a few extra because, I mean, 491 00:22:34,359 --> 00:22:36,240 Speaker 1: the prices are only going to be going up. So 492 00:22:36,280 --> 00:22:38,800 Speaker 1: if you know that you are going to be mailing, 493 00:22:39,119 --> 00:22:40,879 Speaker 1: you know, sending mail in the next several years, I 494 00:22:40,880 --> 00:22:42,080 Speaker 1: don't think it would hurt. You don't need to go 495 00:22:42,080 --> 00:22:43,560 Speaker 1: out of your way to do it. It's like you're 496 00:22:43,560 --> 00:22:45,600 Speaker 1: not saving that much money, like five bucks and stamps 497 00:22:45,640 --> 00:22:48,439 Speaker 1: any maybe an extra ten bucks? Yeah, uh, well, it's 498 00:22:48,440 --> 00:22:50,840 Speaker 1: you're interestingly enough, man. I think the pricing model for 499 00:22:50,920 --> 00:22:53,720 Speaker 1: USPS is is kind of broken, and the Postmaster General 500 00:22:53,720 --> 00:22:56,320 Speaker 1: has talked about how that's the case, and so I 501 00:22:56,600 --> 00:23:00,280 Speaker 1: wouldn't be surprised to see some stiff price hikes. Um. 502 00:23:00,640 --> 00:23:02,600 Speaker 1: And I think that actually that would be a good thing, right, 503 00:23:02,640 --> 00:23:04,720 Speaker 1: so that the USPS can kind of sure continue that 504 00:23:04,760 --> 00:23:07,600 Speaker 1: mission so they can become solvent, can become solvent. Yes, 505 00:23:07,720 --> 00:23:08,840 Speaker 1: that would be that. I think that would be a 506 00:23:08,880 --> 00:23:11,119 Speaker 1: good thing. I would love to see stamps cost a 507 00:23:11,200 --> 00:23:14,200 Speaker 1: dollar or more, honestly, sure, And that might even stem 508 00:23:14,240 --> 00:23:16,119 Speaker 1: the tide of the junk mail that we received and 509 00:23:16,160 --> 00:23:18,119 Speaker 1: our mailboxes. I like, I know marketers, they get that 510 00:23:18,160 --> 00:23:20,879 Speaker 1: discounted rate when you're sending bulk mail or whatever, but 511 00:23:21,000 --> 00:23:23,520 Speaker 1: still think about the like when I come home from work, 512 00:23:23,760 --> 00:23:26,399 Speaker 1: I check the mail, and three out of four pieces 513 00:23:26,440 --> 00:23:28,800 Speaker 1: of mail go straight into the trash, like it's just 514 00:23:28,840 --> 00:23:31,639 Speaker 1: such a waste of paper. And I think that maybe 515 00:23:31,640 --> 00:23:33,600 Speaker 1: if they increase the rates of what it cost the 516 00:23:33,720 --> 00:23:36,879 Speaker 1: mail stuff, that might cause those marketers to send it 517 00:23:36,920 --> 00:23:39,320 Speaker 1: maybe via email, which I would be happier to click 518 00:23:39,359 --> 00:23:41,640 Speaker 1: on subscribe there than just to throw something in the trend. Yeah. 519 00:23:41,640 --> 00:23:43,639 Speaker 1: I mean, I think when recycled, when things are subsidized, 520 00:23:43,640 --> 00:23:45,320 Speaker 1: we're going to see more of them. And the U 521 00:23:45,400 --> 00:23:47,800 Speaker 1: S mail system has largely been subsidized. And if we 522 00:23:47,880 --> 00:23:50,760 Speaker 1: paid the actual freight, you know, with the price of stamps, 523 00:23:50,800 --> 00:23:54,040 Speaker 1: the price of sending goods across the country to our 524 00:23:54,040 --> 00:23:56,239 Speaker 1: relatives for Christmas or whatever it is, then you're right, 525 00:23:56,480 --> 00:23:59,040 Speaker 1: companies and individuals will start to kind of shift their habits. 526 00:23:59,080 --> 00:24:01,600 Speaker 1: That's right. Uh, let's talk about crypto because a how 527 00:24:01,640 --> 00:24:03,879 Speaker 1: the money Listener reached out to us and was actually 528 00:24:03,920 --> 00:24:05,920 Speaker 1: asking us about this because it sounded like he might 529 00:24:06,240 --> 00:24:09,320 Speaker 1: unfortunately have some of his money on this platform. But 530 00:24:09,760 --> 00:24:12,000 Speaker 1: I mean, we've talked about this before. Just generally speaking, 531 00:24:12,200 --> 00:24:15,480 Speaker 1: the crypto space has kind of been a nightmare this year. Uh. 532 00:24:15,520 --> 00:24:19,400 Speaker 1: And digital asset firm Voyager, they filed for bankruptcy recently. 533 00:24:19,840 --> 00:24:22,280 Speaker 1: The f d I s they are looking into some 534 00:24:22,359 --> 00:24:25,760 Speaker 1: of its marketing practices because basically, folks were led to 535 00:24:25,800 --> 00:24:28,439 Speaker 1: believe that the money they parked with Voyager was actually 536 00:24:28,440 --> 00:24:30,879 Speaker 1: insured by the f d I C. But it turns 537 00:24:30,920 --> 00:24:33,919 Speaker 1: out that it's a bit unclear. As the dust is settling. 538 00:24:34,000 --> 00:24:37,480 Speaker 1: There's a chance that any cash deposited with Voyager might 539 00:24:37,520 --> 00:24:40,520 Speaker 1: not be returned to customers, but everyone should be getting 540 00:24:40,560 --> 00:24:44,200 Speaker 1: their US dollar deposits back after a fraud prevention process 541 00:24:44,320 --> 00:24:47,080 Speaker 1: with its partnership bank. But the fact is, there is 542 00:24:47,280 --> 00:24:50,960 Speaker 1: no guarantee that any crypto that users held via the 543 00:24:51,040 --> 00:24:55,480 Speaker 1: Voyager platform will be returned back to them because crypto 544 00:24:55,560 --> 00:24:58,199 Speaker 1: isn't an insured it's not a regulated asset like stocks 545 00:24:58,200 --> 00:25:00,359 Speaker 1: and ETFs. We wanted to share the story because we 546 00:25:00,359 --> 00:25:02,640 Speaker 1: feel like there's a couple of lessons here. Firstly, crypto 547 00:25:02,680 --> 00:25:06,720 Speaker 1: coins and crypto apps they are still the freaking wild West. 548 00:25:06,840 --> 00:25:09,719 Speaker 1: Be careful, Uh, the money that you invest there. Not 549 00:25:09,760 --> 00:25:12,919 Speaker 1: only is its subject to the crazy volatility that you 550 00:25:12,920 --> 00:25:16,280 Speaker 1: see within the crypto space, but entire platforms could potentially 551 00:25:16,359 --> 00:25:19,000 Speaker 1: fold and you have no recompense. There's no guarantee that 552 00:25:19,080 --> 00:25:21,560 Speaker 1: you have the ability to get any of that money 553 00:25:21,640 --> 00:25:24,439 Speaker 1: back that was invested. Voyager isn't the first and they 554 00:25:24,440 --> 00:25:26,840 Speaker 1: won't be the last, is my guess exactly. Yeah. Yeah, 555 00:25:26,840 --> 00:25:29,040 Speaker 1: they're they're saying if there's if they get bought out 556 00:25:29,040 --> 00:25:33,439 Speaker 1: basically like within this bankruptcy process as their restructure, and 557 00:25:33,480 --> 00:25:35,879 Speaker 1: if somebody comes in and decides to kind of scoop 558 00:25:35,960 --> 00:25:38,280 Speaker 1: up all of their customers, all the clients that they'll 559 00:25:38,280 --> 00:25:41,480 Speaker 1: get a bunch of Voyager coins, which is basically like 560 00:25:41,480 --> 00:25:43,879 Speaker 1: a slap, a total slap in the phase, and then 561 00:25:43,920 --> 00:25:45,879 Speaker 1: you can give those to all your relatives for Christmas. 562 00:25:46,000 --> 00:25:48,000 Speaker 1: I mean, what would you actually do with those? They're 563 00:25:48,000 --> 00:25:50,679 Speaker 1: completely worthless, like the same as chuck e cheese tokens 564 00:25:50,760 --> 00:25:52,800 Speaker 1: or something like that, although those are probably even more 565 00:25:52,840 --> 00:25:55,959 Speaker 1: valuable because there's nostalgias with it, whereas there are no 566 00:25:56,040 --> 00:25:59,919 Speaker 1: good feelings associated with the Voyager platform. But then secondly, 567 00:26:00,000 --> 00:26:02,480 Speaker 1: when it comes to where you're parking some cash, F 568 00:26:02,680 --> 00:26:05,920 Speaker 1: D I C insurance is really important, keep an eye 569 00:26:05,920 --> 00:26:07,959 Speaker 1: out for that because we want you to do business 570 00:26:08,000 --> 00:26:10,160 Speaker 1: directly with a bank that has it, not a neo 571 00:26:10,240 --> 00:26:13,600 Speaker 1: bank that works with another bank that they are partnering with. 572 00:26:13,920 --> 00:26:16,840 Speaker 1: So actual banks that we like, our discover banks like 573 00:26:16,880 --> 00:26:19,920 Speaker 1: Ally or c I T that the Marcus account. We 574 00:26:20,040 --> 00:26:23,040 Speaker 1: would much rather see your money your cash park there. 575 00:26:23,160 --> 00:26:25,400 Speaker 1: Not only is it going to be a little safer, 576 00:26:25,600 --> 00:26:28,520 Speaker 1: but you're also going to be less tempted to perhaps 577 00:26:28,800 --> 00:26:31,480 Speaker 1: speculate that money because it's already sitting there in a 578 00:26:31,520 --> 00:26:34,800 Speaker 1: crypto investing platform, and you think, well, or I can 579 00:26:34,880 --> 00:26:37,119 Speaker 1: take that money and throw in some brain new coin, 580 00:26:37,320 --> 00:26:38,879 Speaker 1: and then you end up losing it all. And so 581 00:26:38,920 --> 00:26:42,240 Speaker 1: we would much rather you invest that in a more 582 00:26:42,280 --> 00:26:44,760 Speaker 1: traditional bank, but not too traditional, right, we're kind of 583 00:26:44,800 --> 00:26:46,920 Speaker 1: going going the Goldilocks approach here. You want to you 584 00:26:46,960 --> 00:26:48,720 Speaker 1: want it to be just right. You don't want the 585 00:26:48,720 --> 00:26:50,560 Speaker 1: old brick and mortar, but you also don't want a 586 00:26:50,600 --> 00:26:53,120 Speaker 1: neo bank. You want somebody like c I T Yeah, yeah, 587 00:26:53,119 --> 00:26:55,160 Speaker 1: And I gotta say, Matt, it's been kind of fun 588 00:26:55,240 --> 00:26:59,639 Speaker 1: to see rates rising on same MUS accounts consistently speaking 589 00:26:59,680 --> 00:27:01,640 Speaker 1: of past couple of months. And see I just announced 590 00:27:01,680 --> 00:27:04,960 Speaker 1: one point six five and I think, uh, we're killing it. 591 00:27:05,040 --> 00:27:07,719 Speaker 1: That's half a percent above Ally, which is another one 592 00:27:07,720 --> 00:27:10,600 Speaker 1: of the best online banks. So we'll link to that 593 00:27:10,600 --> 00:27:12,320 Speaker 1: in the show notes. But still, yeah, if you're looking 594 00:27:12,320 --> 00:27:14,600 Speaker 1: for a place to park savings, it's still not keeping 595 00:27:14,600 --> 00:27:16,880 Speaker 1: on with inflation or anywhere close to it, but it's 596 00:27:16,920 --> 00:27:19,439 Speaker 1: better than what the big banks are offering by a 597 00:27:19,440 --> 00:27:22,159 Speaker 1: long shot. I mean, let's talk about something else that 598 00:27:22,200 --> 00:27:24,520 Speaker 1: inflation is having an impact on, and that is the 599 00:27:24,560 --> 00:27:27,720 Speaker 1: cost of cars. And uh, we just got the new 600 00:27:27,760 --> 00:27:31,120 Speaker 1: headline number for inflation more than nine percent year over year, 601 00:27:31,400 --> 00:27:35,240 Speaker 1: which is disconcerting. But rising costs combined with a chip 602 00:27:35,280 --> 00:27:38,840 Speaker 1: shortage meant that both new and used cars got filthy 603 00:27:38,880 --> 00:27:41,400 Speaker 1: expensive really over the past what eighteen months, and so 604 00:27:41,840 --> 00:27:46,280 Speaker 1: um there's new data out from from Edmonds and they 605 00:27:46,480 --> 00:27:49,119 Speaker 1: said that the average cost of a new car is 606 00:27:49,119 --> 00:27:52,440 Speaker 1: now more than forty seven thousand dollars and the new 607 00:27:52,520 --> 00:27:57,000 Speaker 1: average monthly payment has crossed the seven dollar a month threshold, 608 00:27:57,359 --> 00:28:01,880 Speaker 1: which I don't even understand honestly, that that kind of yeah, 609 00:28:01,880 --> 00:28:03,440 Speaker 1: I don't even know how people do that or why 610 00:28:03,480 --> 00:28:05,760 Speaker 1: people do boggling when we when you look at so 611 00:28:05,800 --> 00:28:08,200 Speaker 1: many other personal finance numbers, you look at the savings 612 00:28:08,280 --> 00:28:11,360 Speaker 1: rate or something like that, which is hovering near five pc, 613 00:28:11,520 --> 00:28:13,359 Speaker 1: and then you see that, well, no wonder, it's getting 614 00:28:13,400 --> 00:28:16,359 Speaker 1: soaked up by massive car payments from so many people 615 00:28:16,800 --> 00:28:18,520 Speaker 1: higher interest rates that they're not helping out with that 616 00:28:18,520 --> 00:28:22,879 Speaker 1: monthly payment either. Almost of buyer's matt ended up signing 617 00:28:22,880 --> 00:28:26,920 Speaker 1: on the dideline, agreeing to a monthly payment that exceeds 618 00:28:27,080 --> 00:28:30,199 Speaker 1: a thousand dollars for their vehicles. We talked about how 619 00:28:30,240 --> 00:28:32,359 Speaker 1: gas prices are impacting all of us. But even with 620 00:28:32,520 --> 00:28:36,240 Speaker 1: the outsized impact of higher prices on that front, Americans 621 00:28:36,600 --> 00:28:39,520 Speaker 1: are just punching themselves in the gut by signing up 622 00:28:39,520 --> 00:28:41,400 Speaker 1: for car payments that are close to the size of 623 00:28:41,400 --> 00:28:44,120 Speaker 1: a mortgage. Like, uh so, here's what we would say, 624 00:28:44,400 --> 00:28:47,320 Speaker 1: one new cars most of the time. Not a great 625 00:28:47,360 --> 00:28:50,240 Speaker 1: idea for most folks. Keeping the cost of transportation low 626 00:28:50,320 --> 00:28:52,760 Speaker 1: in your life. Not doing what everyone else is doing 627 00:28:52,880 --> 00:28:55,400 Speaker 1: on this front, it's just gonna have a significant impact 628 00:28:55,480 --> 00:28:57,520 Speaker 1: on your ability to save and to invest and to 629 00:28:57,600 --> 00:29:00,360 Speaker 1: build wealth. We want you to aim for a household 630 00:29:00,400 --> 00:29:04,000 Speaker 1: car payments of zero, yes, zero, when everyone else is 631 00:29:04,040 --> 00:29:06,720 Speaker 1: getting into four digit car payments. And that's the average 632 00:29:06,720 --> 00:29:09,880 Speaker 1: loan Matt Some some families might have FI eight hundred 633 00:29:10,200 --> 00:29:13,080 Speaker 1: a month in car notes that they're paying. That's insane. 634 00:29:13,200 --> 00:29:15,680 Speaker 1: That of course, is going to massively affect your ability 635 00:29:15,680 --> 00:29:18,040 Speaker 1: to reach financial independence. And it would seem like if 636 00:29:18,080 --> 00:29:21,360 Speaker 1: the smallest thing goes wrong in your financial life, that 637 00:29:21,640 --> 00:29:25,440 Speaker 1: you're poison a precarious position having those loans, you know, 638 00:29:25,520 --> 00:29:27,880 Speaker 1: in your life. Yeah, And the way that you're able 639 00:29:27,920 --> 00:29:30,400 Speaker 1: to have a car payment at zero dollars a months 640 00:29:30,400 --> 00:29:32,720 Speaker 1: is by paying cash, and that is is totally possible, 641 00:29:32,800 --> 00:29:35,600 Speaker 1: which might means to drive an older, less sexy car. Absolutely, 642 00:29:35,880 --> 00:29:38,200 Speaker 1: Like I know it's it's harder than it was four 643 00:29:38,240 --> 00:29:40,760 Speaker 1: years four or five years ago to buy a solid vehicle, 644 00:29:41,200 --> 00:29:43,600 Speaker 1: you know, around five thousand dollars. But I guarantee, actually, 645 00:29:43,640 --> 00:29:45,760 Speaker 1: I would love, we would love to hear from listeners 646 00:29:45,960 --> 00:29:47,880 Speaker 1: who have purchased a car in the past two or 647 00:29:47,920 --> 00:29:50,000 Speaker 1: three years, because I know it is possible, and I 648 00:29:50,040 --> 00:29:51,680 Speaker 1: would love to hear some of the different deals that 649 00:29:51,720 --> 00:29:54,160 Speaker 1: folks have gotten under ten thousand dollars. I would love 650 00:29:54,160 --> 00:29:56,400 Speaker 1: to know how much you paid, what you're driving, and 651 00:29:56,720 --> 00:29:58,320 Speaker 1: how you feel about it, see, because I know that 652 00:29:58,360 --> 00:30:00,600 Speaker 1: puts you just in a much stronger position then if 653 00:30:00,640 --> 00:30:02,760 Speaker 1: you did have a ridiculous car payment that you're you're making. 654 00:30:02,800 --> 00:30:04,960 Speaker 1: Everything's get a thread going in the Facebook group, because 655 00:30:05,040 --> 00:30:06,920 Speaker 1: I think that that'd be I'd be I'd love to 656 00:30:06,920 --> 00:30:09,960 Speaker 1: hear people's stories of yeah, the inexpensive cars they've got 657 00:30:10,000 --> 00:30:12,200 Speaker 1: that we We just had someone post actually in there recently, 658 00:30:12,400 --> 00:30:14,880 Speaker 1: Hey I just hit a hundred thousand miles on the odometer, 659 00:30:15,080 --> 00:30:17,320 Speaker 1: and then other people start posting some people are too forty, 660 00:30:17,440 --> 00:30:21,560 Speaker 1: you know, and I think I just passed one seventy 661 00:30:21,720 --> 00:30:24,240 Speaker 1: or something like that. And so yeah, my goal is 662 00:30:24,280 --> 00:30:26,320 Speaker 1: to hit two hundred with a van if if not 663 00:30:26,360 --> 00:30:28,320 Speaker 1: a whole lot more. And let's go ahead and get 664 00:30:28,320 --> 00:30:30,160 Speaker 1: to our last story. Now, it turns out that most 665 00:30:30,200 --> 00:30:33,440 Speaker 1: folks dread budgeting. This is according to a survey to 666 00:30:33,480 --> 00:30:36,840 Speaker 1: a study BI Fidelity. Percent of folks, to be exact, 667 00:30:37,000 --> 00:30:39,760 Speaker 1: dread budgeting, and one in three people surveyed would rather 668 00:30:39,920 --> 00:30:43,720 Speaker 1: clean their bathroom than budgets. I don't understand these people 669 00:30:43,720 --> 00:30:45,280 Speaker 1: at all, because I can think of no better way 670 00:30:45,280 --> 00:30:48,840 Speaker 1: than spending fifteen minutes a week then sitting down and 671 00:30:48,880 --> 00:30:51,000 Speaker 1: figuring out where you have spent your money. I can 672 00:30:51,000 --> 00:30:53,040 Speaker 1: see no better. You're turning the weirdo that loves cleaning 673 00:30:53,040 --> 00:30:55,680 Speaker 1: your toilet too, So I don't know. I appreciate I 674 00:30:55,680 --> 00:30:58,080 Speaker 1: appreciate a clean toilet, but I don't mind cleaning the toilet. 675 00:30:58,080 --> 00:31:00,520 Speaker 1: I hate cleaning the bathtub, Like those are the worst 676 00:31:00,520 --> 00:31:02,760 Speaker 1: of mine. Well, you're kind of like a taller guy 677 00:31:02,840 --> 00:31:05,800 Speaker 1: and getting down there and you're like these corners are 678 00:31:05,800 --> 00:31:09,400 Speaker 1: too tight. Yeah, but seriously, like, what better way than 679 00:31:09,640 --> 00:31:12,760 Speaker 1: to proactively decide and dictate where your dollars are going 680 00:31:12,800 --> 00:31:16,240 Speaker 1: to go? Uh? I personally think that forget your toilet, 681 00:31:16,240 --> 00:31:20,520 Speaker 1: forget the bathtub, instead, spend that time in Excel numbers 682 00:31:20,720 --> 00:31:24,040 Speaker 1: meant Google sheets, whatever your software or platform of choice 683 00:31:24,080 --> 00:31:25,880 Speaker 1: is going to be. But for all of the folks 684 00:31:25,880 --> 00:31:28,600 Speaker 1: who actually find themselves among that number of folks who 685 00:31:28,880 --> 00:31:31,280 Speaker 1: dread it, we actually want to talk with our friend 686 00:31:31,400 --> 00:31:35,720 Speaker 1: Jordans Grummet's about this. He talks about non budgeting in 687 00:31:35,880 --> 00:31:38,760 Speaker 1: his book. We're going to talk with him on Monday's episode. 688 00:31:39,120 --> 00:31:41,600 Speaker 1: That's actually just one of the many topics that will cover, 689 00:31:41,840 --> 00:31:44,520 Speaker 1: So we hope to see you back here. Then we're 690 00:31:44,520 --> 00:31:47,760 Speaker 1: also gonna talk a decent bit about death, so yeah, 691 00:31:47,840 --> 00:31:50,480 Speaker 1: brace yourself. Jordan was a hospital doctor and he wrote 692 00:31:50,520 --> 00:31:52,520 Speaker 1: a book about kind of living life to the fullest 693 00:31:52,600 --> 00:31:56,440 Speaker 1: in light of our the eventual reality. And so it's 694 00:31:56,480 --> 00:31:59,560 Speaker 1: a great book and I'm looking forward to that conversation absolutely. 695 00:31:59,600 --> 00:32:02,760 Speaker 1: So well, we hope you have a great weekend, clean 696 00:32:02,800 --> 00:32:05,959 Speaker 1: your bathroom, do your budget, and lost your teeth right, 697 00:32:06,560 --> 00:32:10,240 Speaker 1: and we'll see you back here on Monday. So Matt 698 00:32:10,280 --> 00:32:13,120 Speaker 1: and until next time, best friends Out, Best Friends Out.