1
00:00:00,240 --> 00:00:03,080
Speaker 1: Welcome to How the Money. I'm Joel and I am Matt.

2
00:00:03,279 --> 00:00:24,800
Speaker 1: Today we are answering your listener questions. That's right, We've

3
00:00:24,800 --> 00:00:26,840
Speaker 1: got listener questions and we're gonna provide some answers. We're

4
00:00:26,880 --> 00:00:30,560
Speaker 1: gonna type those answers right through your earbuds, into your ears,

5
00:00:30,880 --> 00:00:33,600
Speaker 1: into your brains, straight down into your hearts. Hey, maybe

6
00:00:33,640 --> 00:00:36,120
Speaker 1: we're going straight through bone conduction if you're using aftershocks

7
00:00:36,120 --> 00:00:38,479
Speaker 1: like I do. It's been a minute since we've talked

8
00:00:38,479 --> 00:00:41,120
Speaker 1: about that. He's still enjoying those bone conduction headphones. I

9
00:00:41,120 --> 00:00:42,560
Speaker 1: love him. I was just trying to commit your wife

10
00:00:42,600 --> 00:00:44,480
Speaker 1: to get some the other day. I think it would

11
00:00:44,520 --> 00:00:47,199
Speaker 1: be a good product for her because her ears are

12
00:00:47,240 --> 00:00:50,639
Speaker 1: so small that any earbud she tries tries to use

13
00:00:50,680 --> 00:00:52,760
Speaker 1: it hurts because she get the ears of a toddler.

14
00:00:52,800 --> 00:00:56,320
Speaker 1: She kind of does really small. And I had the opposite,

15
00:00:56,320 --> 00:00:58,200
Speaker 1: like my ear holes what I like to call the

16
00:00:58,680 --> 00:01:00,400
Speaker 1: front porch of your ear, you know, like it's like

17
00:01:00,400 --> 00:01:02,920
Speaker 1: that little area outside of your ear that can hold

18
00:01:02,960 --> 00:01:06,400
Speaker 1: an earbud. Online, Dude, it's huge. Like I can't hardly

19
00:01:06,480 --> 00:01:07,960
Speaker 1: find an ear but that I can use, because they

20
00:01:07,959 --> 00:01:09,240
Speaker 1: all just kind of just fall out of my ear,

21
00:01:09,280 --> 00:01:11,120
Speaker 1: you know, Like that's why I like the in the

22
00:01:11,200 --> 00:01:14,000
Speaker 1: ear headphones that kind of plug into your ear canal. Yeah,

23
00:01:14,040 --> 00:01:15,600
Speaker 1: I still just don't like unless you get the base

24
00:01:15,680 --> 00:01:18,160
Speaker 1: putting this stuff in my ear, so either like over

25
00:01:18,200 --> 00:01:20,200
Speaker 1: the ear or like the aftershocks. And and maybe the

26
00:01:20,360 --> 00:01:23,200
Speaker 1: work for your wife a little tangent for folks. But yes,

27
00:01:23,280 --> 00:01:25,760
Speaker 1: we do have a listener questions this episode, and I'm

28
00:01:25,800 --> 00:01:27,520
Speaker 1: looking forward to getting to some of these questions. Man,

29
00:01:27,520 --> 00:01:30,360
Speaker 1: We're gonna answer one about taking time off to spend

30
00:01:30,360 --> 00:01:32,320
Speaker 1: some time with your baby, you know, taking time away

31
00:01:32,360 --> 00:01:35,080
Speaker 1: from work, saying no to money in order to value

32
00:01:35,080 --> 00:01:37,040
Speaker 1: some of that time, some things to consider their We

33
00:01:37,160 --> 00:01:38,959
Speaker 1: like money, but we like some things more than money,

34
00:01:39,080 --> 00:01:41,760
Speaker 1: like our babies. Absolutely. And we're also gonna take a

35
00:01:41,800 --> 00:01:44,080
Speaker 1: question too as to whether or not a helock is

36
00:01:44,080 --> 00:01:45,920
Speaker 1: going to be the right decision or the or the

37
00:01:46,000 --> 00:01:48,880
Speaker 1: right product for this couple. And we're also going to

38
00:01:48,920 --> 00:01:53,120
Speaker 1: answer a question about spending money on preparing for emergencies,

39
00:01:53,440 --> 00:01:56,800
Speaker 1: not like an emergency fund, but like literal prepping. So

40
00:01:56,840 --> 00:01:58,440
Speaker 1: we're looking forward to getting to that one, plus a

41
00:01:58,440 --> 00:02:01,360
Speaker 1: couple of others. But Joel, before we get to our questions,

42
00:02:01,640 --> 00:02:04,240
Speaker 1: I wanted to tell you abouts. I don't know if

43
00:02:04,240 --> 00:02:05,800
Speaker 1: you've ever seen this part of my driveway, but there's

44
00:02:05,840 --> 00:02:07,720
Speaker 1: a section of the driveway that that was cut and

45
00:02:07,760 --> 00:02:09,880
Speaker 1: removed when we were building up the basement here, and

46
00:02:09,919 --> 00:02:11,640
Speaker 1: for a while has bothered me. And finally I was like,

47
00:02:11,639 --> 00:02:13,280
Speaker 1: you know what I'm you know, I want I want

48
00:02:13,280 --> 00:02:15,800
Speaker 1: that fixed. There had been dirt there, uh, and it's

49
00:02:15,880 --> 00:02:17,160
Speaker 1: right at the bottom of the steps, so the girls

50
00:02:17,240 --> 00:02:18,840
Speaker 1: kind of track the mud and dirt, you know, they

51
00:02:18,840 --> 00:02:20,720
Speaker 1: take it up the steps, you know. In the end,

52
00:02:20,760 --> 00:02:22,480
Speaker 1: I was like, okay, this, this needs to be fixed.

53
00:02:22,680 --> 00:02:24,400
Speaker 1: And I also knew that this isn't something I've ever

54
00:02:24,400 --> 00:02:27,200
Speaker 1: done before, like pouring concrete, like pouring a slab. I mean,

55
00:02:27,200 --> 00:02:29,160
Speaker 1: this isn't a massive slab or anything. It's it's actually

56
00:02:29,160 --> 00:02:31,799
Speaker 1: pretty small, but it's not something I've ever done myself.

57
00:02:31,840 --> 00:02:34,120
Speaker 1: I was a little intimidated. Even just the idea of

58
00:02:34,120 --> 00:02:36,000
Speaker 1: doing it kind of overwhelmed me. But I thought, you

59
00:02:36,040 --> 00:02:37,400
Speaker 1: know what, dude, this is something I can do. I

60
00:02:37,480 --> 00:02:39,880
Speaker 1: read the instructions, I'll watch a YouTube video, and then

61
00:02:39,919 --> 00:02:41,799
Speaker 1: I went for it, and you know what, dude, it

62
00:02:41,840 --> 00:02:44,639
Speaker 1: turned out really really well. Yeah, I was I was

63
00:02:44,680 --> 00:02:47,320
Speaker 1: really proud of myself. I never done any concrete work

64
00:02:47,320 --> 00:02:49,320
Speaker 1: because I'm like, I'm not a concrete guy, but I

65
00:02:49,360 --> 00:02:51,639
Speaker 1: am now. But this reminds me. It makes me think

66
00:02:51,639 --> 00:02:53,280
Speaker 1: of a lot of the things we encounter in our life.

67
00:02:53,360 --> 00:02:54,880
Speaker 1: How we think, well, that's just not what I do,

68
00:02:54,960 --> 00:02:56,880
Speaker 1: Like I don't do that professionally, or I don't know

69
00:02:56,880 --> 00:02:59,239
Speaker 1: anything about that. But there are so many things in

70
00:02:59,280 --> 00:03:01,880
Speaker 1: our lives, like our personal finances, that were we to

71
00:03:02,000 --> 00:03:03,760
Speaker 1: just go for it, where we to just try it,

72
00:03:03,800 --> 00:03:05,760
Speaker 1: and you know, when the sticks are relatively low, it's

73
00:03:05,760 --> 00:03:07,920
Speaker 1: something that we can figure out ourselves, and in the

74
00:03:07,960 --> 00:03:10,200
Speaker 1: end we're thinking to ourselves, was it really that easy?

75
00:03:10,280 --> 00:03:12,200
Speaker 1: You know, like it's something that we've built up in

76
00:03:12,240 --> 00:03:14,160
Speaker 1: our minds as being this kind of overwhelming thing, but

77
00:03:14,200 --> 00:03:16,600
Speaker 1: in reality, it's not all that hard. Yeah. And and

78
00:03:16,639 --> 00:03:19,399
Speaker 1: YouTube of course can help provide some instant expertise, which

79
00:03:19,400 --> 00:03:22,160
Speaker 1: it helped helped you out in this situation. But yeah,

80
00:03:22,240 --> 00:03:24,320
Speaker 1: I completely agree. I think there's so many more things

81
00:03:24,639 --> 00:03:26,320
Speaker 1: in our lives that we should be saying yes to,

82
00:03:26,440 --> 00:03:28,080
Speaker 1: that we should be giving a shot. I don't know

83
00:03:28,080 --> 00:03:30,519
Speaker 1: that's the case for me too, man. I get intimidated

84
00:03:30,520 --> 00:03:33,040
Speaker 1: by different projects around the house, and sometimes I just

85
00:03:33,080 --> 00:03:36,800
Speaker 1: avoid them, sometimes for years. But when I actually finally

86
00:03:36,800 --> 00:03:39,720
Speaker 1: get around to doing something that I was previously scared of,

87
00:03:39,760 --> 00:03:41,920
Speaker 1: like replacing a toilet or whatever, I'm like, oh, wait,

88
00:03:42,200 --> 00:03:44,520
Speaker 1: that wasn't that bad. Like it's now you're a toilet

89
00:03:44,560 --> 00:03:47,520
Speaker 1: replacement right, Like it's on your resume. Yeah, exactly, And

90
00:03:47,600 --> 00:03:50,400
Speaker 1: people like instantly hire me when they see that for

91
00:03:50,520 --> 00:03:54,840
Speaker 1: any job I'm applying for. It's it's amazing book him now. Yeah.

92
00:03:54,880 --> 00:03:57,120
Speaker 1: But it's those kind of things where I always do

93
00:03:57,240 --> 00:03:59,480
Speaker 1: think after I do it, Wow, that was a lot easier,

94
00:03:59,520 --> 00:04:01,560
Speaker 1: and I thought it was to be. And I'm surprised

95
00:04:01,600 --> 00:04:03,680
Speaker 1: that I let it be this like mental roadblock for

96
00:04:03,680 --> 00:04:05,440
Speaker 1: for so long. Yeah, And that's the thing. It really

97
00:04:05,480 --> 00:04:07,600
Speaker 1: is mental because I feel like oftentimes when I find

98
00:04:07,640 --> 00:04:10,600
Speaker 1: myselves in those situations and I actually take steps to

99
00:04:10,640 --> 00:04:13,360
Speaker 1: getting the thing done, it's because I haven't overthought it,

100
00:04:13,440 --> 00:04:15,280
Speaker 1: you know, Like when I sit there and I over analyze,

101
00:04:15,320 --> 00:04:17,520
Speaker 1: it just slows me down and and oftentimes it means

102
00:04:17,520 --> 00:04:19,680
Speaker 1: I don't do something. So I guess I wanted to

103
00:04:19,680 --> 00:04:21,599
Speaker 1: share that because I mean, that's our goal for the show.

104
00:04:21,640 --> 00:04:22,920
Speaker 1: I mean, it's one of the reasons we started the

105
00:04:22,960 --> 00:04:26,640
Speaker 1: show because we want to essentially like demystify these conversations

106
00:04:26,760 --> 00:04:29,400
Speaker 1: surrounding our money. It's like, oh, retirement is really that simple.

107
00:04:29,760 --> 00:04:31,960
Speaker 1: It's like these two simple steps and that's all it

108
00:04:31,960 --> 00:04:34,760
Speaker 1: takes for me to start saving towards my retirement. Cool. Uh,

109
00:04:34,800 --> 00:04:37,240
Speaker 1: those are the kind of conversations that we have, and

110
00:04:37,279 --> 00:04:38,919
Speaker 1: those are the kind of breakthroughs that I think we

111
00:04:38,960 --> 00:04:41,600
Speaker 1: want our listeners to have when they realize in reality,

112
00:04:41,839 --> 00:04:43,600
Speaker 1: this is way easier than I thought. Now you're starting

113
00:04:43,600 --> 00:04:45,640
Speaker 1: to sound like Tony Robbins with your breakthrough talking over there.

114
00:04:46,839 --> 00:04:48,440
Speaker 1: We all know that you've got that Tony Robbins like

115
00:04:48,520 --> 00:04:51,240
Speaker 1: life size poster on the back of your door, plus

116
00:04:51,279 --> 00:04:53,000
Speaker 1: the bumper stick. Gotta be like Tony. You gotta let

117
00:04:53,000 --> 00:04:55,800
Speaker 1: everybody know. Uh, I'm just kidding. Really, I don't know

118
00:04:55,880 --> 00:04:58,120
Speaker 1: much about Tony Robbins. But all right, Matt, let's move

119
00:04:58,120 --> 00:04:59,880
Speaker 1: on and let's mention the beer that we're having on

120
00:05:00,000 --> 00:05:02,640
Speaker 1: today's show. This one is called Baked Goods. It's a

121
00:05:02,680 --> 00:05:06,320
Speaker 1: blueberry lemon cobbler sour beer by Atlanta Brewing Company. The

122
00:05:06,400 --> 00:05:08,920
Speaker 1: kind folks over there toss this beer our way. We're

123
00:05:08,920 --> 00:05:11,839
Speaker 1: looking forward to sharing it on today's episode. But for now, Matt,

124
00:05:11,880 --> 00:05:13,880
Speaker 1: let's get onto the topic at hand. We're answering listener

125
00:05:13,960 --> 00:05:16,680
Speaker 1: questions and for anybody out there listening who's like man,

126
00:05:16,680 --> 00:05:18,440
Speaker 1: I would love to have Matt and Joel tackle my

127
00:05:18,520 --> 00:05:20,440
Speaker 1: money question. Well, we'd love to hear it. Just go

128
00:05:20,520 --> 00:05:23,480
Speaker 1: to our website how to money dot com slash ask.

129
00:05:23,600 --> 00:05:26,160
Speaker 1: There are simple instructions there for you to be able

130
00:05:26,200 --> 00:05:28,800
Speaker 1: to submit your question and hopefully we can tackle it

131
00:05:28,839 --> 00:05:31,320
Speaker 1: on an upcoming episode. But let's get to that first

132
00:05:31,320 --> 00:05:33,159
Speaker 1: one of the show, Matt, and this one is about

133
00:05:33,400 --> 00:05:35,279
Speaker 1: should you quit work for a little while in order

134
00:05:35,320 --> 00:05:38,520
Speaker 1: to spend time with your young children. Hey, guys, Kyle

135
00:05:38,560 --> 00:05:41,400
Speaker 1: from Mary out of here, I appreciate you taking my question.

136
00:05:41,800 --> 00:05:43,640
Speaker 1: My wife and I both work and recently had our

137
00:05:43,680 --> 00:05:47,760
Speaker 1: first child, son in December. Naturally, COVID nineteen has created

138
00:05:47,800 --> 00:05:51,200
Speaker 1: some interesting dynamics with kids, especially from a financial perspective.

139
00:05:51,760 --> 00:05:54,200
Speaker 1: If we wanted to, we could live off my income,

140
00:05:54,320 --> 00:05:56,839
Speaker 1: but it would be a trade off mainly with retirement savings.

141
00:05:57,279 --> 00:05:59,920
Speaker 1: With the latest coronavirus bill being passed, we have two

142
00:06:00,160 --> 00:06:03,240
Speaker 1: options were considering, and we wanted some advice, mainly to

143
00:06:03,240 --> 00:06:06,799
Speaker 1: make sure we're considering everything. So our question is should

144
00:06:06,839 --> 00:06:09,200
Speaker 1: we both continue to work through this year or should

145
00:06:09,200 --> 00:06:11,080
Speaker 1: one of us take six months off so we could

146
00:06:11,120 --> 00:06:14,240
Speaker 1: qualify for the stimulus as well as the increased childcare credit.

147
00:06:14,720 --> 00:06:18,560
Speaker 1: The difference between the two decisions is roughly thirteen thousand. However,

148
00:06:18,600 --> 00:06:20,120
Speaker 1: we would both be able to be home with their

149
00:06:20,120 --> 00:06:22,960
Speaker 1: son for half of the year. A little more background.

150
00:06:23,720 --> 00:06:26,640
Speaker 1: We're both thirty three this year. UM I currently work

151
00:06:26,680 --> 00:06:28,400
Speaker 1: from home and will likely work from home for a

152
00:06:28,400 --> 00:06:31,000
Speaker 1: good chunk of this year. My wife does go into

153
00:06:31,040 --> 00:06:33,560
Speaker 1: an office currently four days a week, so if she

154
00:06:33,600 --> 00:06:35,640
Speaker 1: takes six months off to stay with our child, we

155
00:06:35,680 --> 00:06:39,280
Speaker 1: will both be home and we can forego daycare. All

156
00:06:39,279 --> 00:06:41,400
Speaker 1: of our bills will be covered without changing our budget.

157
00:06:41,440 --> 00:06:44,840
Speaker 1: On either decision, we will save around of our growth

158
00:06:44,960 --> 00:06:48,000
Speaker 1: income in retirement that's four one case and I raise

159
00:06:48,240 --> 00:06:50,600
Speaker 1: as well as our h s A regardless of which

160
00:06:50,640 --> 00:06:53,240
Speaker 1: choice we make. However, if one of us chooses to

161
00:06:53,320 --> 00:06:55,760
Speaker 1: take six months off, we will save six thousand dollars

162
00:06:55,880 --> 00:06:58,880
Speaker 1: less for retirement, and that's included in the thirteen dollars

163
00:06:58,920 --> 00:07:01,760
Speaker 1: I stated earlier. We will also be saving for our

164
00:07:01,800 --> 00:07:04,800
Speaker 1: son's college in a five nine. We love our son

165
00:07:04,800 --> 00:07:06,200
Speaker 1: and we want to spend as much time with them

166
00:07:06,200 --> 00:07:08,000
Speaker 1: as possible. As we know life has a habit of

167
00:07:08,040 --> 00:07:10,440
Speaker 1: taking up our time, we also recognize this could be

168
00:07:10,480 --> 00:07:13,240
Speaker 1: a once in a lifetime opportunity and we're extremely lucky.

169
00:07:13,560 --> 00:07:17,080
Speaker 1: Are we missing anything? Should we be considering anything else? Also,

170
00:07:17,240 --> 00:07:19,480
Speaker 1: we're more wine drinkers these days, but if you haven't

171
00:07:19,480 --> 00:07:22,640
Speaker 1: tried White Rascal by Avery Brewing and Boulder, Colorado, highly

172
00:07:22,640 --> 00:07:25,360
Speaker 1: recommend man. That's a great question from Kyle. You know

173
00:07:25,400 --> 00:07:27,240
Speaker 1: what my favorite thing he said was when he when

174
00:07:27,280 --> 00:07:29,840
Speaker 1: he asked this question, what's that life has a habit

175
00:07:29,840 --> 00:07:31,840
Speaker 1: of taking up our time? He did say that, Yeah,

176
00:07:31,920 --> 00:07:35,400
Speaker 1: it feels like meta existential almost. I thought you were

177
00:07:35,400 --> 00:07:37,040
Speaker 1: gonna say that your favorite part was the fact that

178
00:07:37,080 --> 00:07:39,400
Speaker 1: he had to be a recommendation for us. I do

179
00:07:39,440 --> 00:07:42,280
Speaker 1: like beer actually, so we've had a lot of Avery

180
00:07:42,320 --> 00:07:44,840
Speaker 1: beers on the show before, but White Rascal it's one

181
00:07:44,840 --> 00:07:46,600
Speaker 1: I've seen before, Like I can picture the label on

182
00:07:46,640 --> 00:07:49,720
Speaker 1: the shells at our local package store, but it's not

183
00:07:49,760 --> 00:07:51,320
Speaker 1: one I've had. But it's I I know it's a

184
00:07:51,360 --> 00:07:53,720
Speaker 1: Belgian wit, which is why it's called White Rascal. Yeah,

185
00:07:53,760 --> 00:07:56,920
Speaker 1: I do love Avery beer, so we'll definitely pick that

186
00:07:56,960 --> 00:07:58,440
Speaker 1: up next time we see it. I can't believe we

187
00:07:58,480 --> 00:08:00,840
Speaker 1: haven't given that one a shot yet. By the way, Kyle,

188
00:08:01,000 --> 00:08:02,920
Speaker 1: is just from my old stomping grounds, just a half

189
00:08:02,960 --> 00:08:05,000
Speaker 1: hour north of where we live here in Atlanta, Matt

190
00:08:05,080 --> 00:08:07,200
Speaker 1: And you know, it's where I went to high school,

191
00:08:07,200 --> 00:08:10,080
Speaker 1: middle school, elementary school, like whole life, from the whole

192
00:08:10,080 --> 00:08:12,880
Speaker 1: life up there in marietto Home of the Big Chicken.

193
00:08:13,040 --> 00:08:15,400
Speaker 1: I feel like that's kind of defends the calling card.

194
00:08:15,440 --> 00:08:16,840
Speaker 1: WHI just like we've ever talked about it, we should

195
00:08:16,880 --> 00:08:20,200
Speaker 1: post a picture of the Big chickens three story maybe

196
00:08:20,200 --> 00:08:22,000
Speaker 1: a three story building that was built in the shape

197
00:08:22,000 --> 00:08:25,280
Speaker 1: of a chicken. It's a KFC building that was built

198
00:08:25,280 --> 00:08:27,280
Speaker 1: in like the fifties, right. I remember when I was

199
00:08:27,320 --> 00:08:29,520
Speaker 1: in like middle school or high school, they were redoing

200
00:08:29,680 --> 00:08:31,480
Speaker 1: the Big Chicken and it was like it was like

201
00:08:31,520 --> 00:08:33,440
Speaker 1: I saved the Big Chicken movement. Well, and they had

202
00:08:33,440 --> 00:08:36,079
Speaker 1: like two options, and so people were divided against which one,

203
00:08:36,320 --> 00:08:37,880
Speaker 1: like we should go with? And yeah, it was a

204
00:08:37,960 --> 00:08:43,320
Speaker 1: thing local hometown drama exactly exactly. Um, and let's get

205
00:08:43,360 --> 00:08:45,680
Speaker 1: to Kyle's question. Kyle, the fact that you'd only be

206
00:08:45,760 --> 00:08:49,280
Speaker 1: losing dollars to be able to both be off with

207
00:08:49,320 --> 00:08:51,679
Speaker 1: your son for half a year. That sounds pretty excellent,

208
00:08:51,720 --> 00:08:54,440
Speaker 1: I think, And and Matt, I'm personally in favor. I

209
00:08:54,440 --> 00:08:57,040
Speaker 1: know you are too of unconventional choices that cost you

210
00:08:57,120 --> 00:08:59,599
Speaker 1: money if you've saved well and you've thought through the

211
00:08:59,640 --> 00:09:02,120
Speaker 1: potential pitfalls of making that choice. I mean, it just

212
00:09:02,160 --> 00:09:04,920
Speaker 1: reminds me. I basically quit my first job in radio

213
00:09:05,320 --> 00:09:07,960
Speaker 1: six months after taking the job in order to take

214
00:09:07,960 --> 00:09:09,400
Speaker 1: a road trip around the country. And it's one of

215
00:09:09,400 --> 00:09:11,400
Speaker 1: those things where a lot of people, my parents included,

216
00:09:11,400 --> 00:09:14,079
Speaker 1: were like, that's not a good idea, um, And it's

217
00:09:14,120 --> 00:09:16,160
Speaker 1: still actually one of the best things I've ever done

218
00:09:16,280 --> 00:09:19,440
Speaker 1: to take that time off. And because one didn't really

219
00:09:19,440 --> 00:09:21,840
Speaker 1: love the job. I was waking up early, like way

220
00:09:21,840 --> 00:09:24,200
Speaker 1: too early, like three thirty am every morning, and I

221
00:09:24,200 --> 00:09:27,679
Speaker 1: wasn't into it. Yeah, And actually, interestingly enough, like two

222
00:09:27,760 --> 00:09:30,240
Speaker 1: weeks after I left, they ended up letting a lot

223
00:09:30,280 --> 00:09:32,040
Speaker 1: of people go and I probably would have lost my

224
00:09:32,120 --> 00:09:34,920
Speaker 1: job anyway. And so it's one of those things where, um,

225
00:09:34,960 --> 00:09:37,640
Speaker 1: I made a decision, kind of a bold decision, but

226
00:09:37,720 --> 00:09:39,640
Speaker 1: I also had like a lot less to lose at

227
00:09:39,679 --> 00:09:42,200
Speaker 1: that point in time, right I was early twenties, didn't

228
00:09:42,360 --> 00:09:44,560
Speaker 1: it wasn't married, didn't have any kids, and so it

229
00:09:44,640 --> 00:09:46,520
Speaker 1: was an easier decision, but it's still you know, it

230
00:09:46,559 --> 00:09:48,199
Speaker 1: wasn't an easy one. And then there were a lot

231
00:09:48,200 --> 00:09:50,400
Speaker 1: of people telling me not to do it. Yeah, but

232
00:09:50,480 --> 00:09:52,920
Speaker 1: you know, Kyle free y'all specifically, you know, this seems

233
00:09:52,920 --> 00:09:55,800
Speaker 1: like a great opportunity. You know, that added stimulus money,

234
00:09:55,840 --> 00:09:58,560
Speaker 1: the chold care credit, this is a huge reason we

235
00:09:58,679 --> 00:10:01,360
Speaker 1: think to to jump on. Uh. You know, it's not

236
00:10:01,520 --> 00:10:04,839
Speaker 1: often that life hands you free money essentially like this. Granted,

237
00:10:04,920 --> 00:10:06,280
Speaker 1: you know over time you're gonna we're gonna have to

238
00:10:06,280 --> 00:10:09,200
Speaker 1: pay that back in taxes prices that truly free. But

239
00:10:09,240 --> 00:10:10,640
Speaker 1: you know, for you to be able to step back

240
00:10:10,920 --> 00:10:13,920
Speaker 1: and take a mini retirement like this is great. And

241
00:10:13,960 --> 00:10:16,480
Speaker 1: for folks like you who are in a good financial position,

242
00:10:16,880 --> 00:10:19,959
Speaker 1: that's exactly what this latest bill has done, and it's

243
00:10:20,000 --> 00:10:21,800
Speaker 1: what it's gonna allow for you to do if you

244
00:10:21,840 --> 00:10:24,240
Speaker 1: decide to go that route. And in general, we feel

245
00:10:24,240 --> 00:10:27,280
Speaker 1: that many retirements are a great approach that far too

246
00:10:27,320 --> 00:10:30,440
Speaker 1: few people consider. You know, so instead of like investing

247
00:10:30,440 --> 00:10:33,079
Speaker 1: and working tirelessly so that you can spend money once

248
00:10:33,200 --> 00:10:35,640
Speaker 1: you are sixty five or what you're seven years old,

249
00:10:35,960 --> 00:10:38,560
Speaker 1: taking like a month or two or even six, uh,

250
00:10:38,600 --> 00:10:41,400
Speaker 1: maybe a few different times along the way, say for

251
00:10:41,440 --> 00:10:43,440
Speaker 1: the birth of your first son. Congrats on that. By

252
00:10:43,440 --> 00:10:46,080
Speaker 1: the way, this can be an awesome approach. Our buddy

253
00:10:46,200 --> 00:10:47,880
Speaker 1: coach Carson has a great post on this that will

254
00:10:47,920 --> 00:10:50,400
Speaker 1: link to in our show notes. But essentially, what this

255
00:10:50,640 --> 00:10:52,079
Speaker 1: sort of does as well is it kind of gets

256
00:10:52,120 --> 00:10:54,760
Speaker 1: you in the practice of not always saying yes to

257
00:10:54,840 --> 00:10:57,280
Speaker 1: the money. Uh. It's it's sort of like a muscle,

258
00:10:57,320 --> 00:10:59,559
Speaker 1: you know, just because the money is there doesn't necessarily

259
00:10:59,559 --> 00:11:01,760
Speaker 1: mean that you should say yes to it and accept it,

260
00:11:02,200 --> 00:11:04,840
Speaker 1: especially when you're trading it for something that you might

261
00:11:04,920 --> 00:11:06,959
Speaker 1: value even more than that money, like some of this

262
00:11:07,120 --> 00:11:09,679
Speaker 1: valuable time with your new son most definitely, man, and

263
00:11:09,720 --> 00:11:11,960
Speaker 1: I think too, you do have to think about the

264
00:11:11,960 --> 00:11:14,439
Speaker 1: career implications of a move like this, And that doesn't

265
00:11:14,480 --> 00:11:16,040
Speaker 1: mean that you don't do this. I think you probably

266
00:11:16,120 --> 00:11:19,480
Speaker 1: still do it. But another big consideration is what it's

267
00:11:19,480 --> 00:11:21,400
Speaker 1: going to look like to get work on the flip

268
00:11:21,440 --> 00:11:23,760
Speaker 1: side of this break. If you work in an industry

269
00:11:23,800 --> 00:11:26,800
Speaker 1: where things are changing quickly, taking six months off might

270
00:11:26,840 --> 00:11:28,840
Speaker 1: mean that you're not nearly as valuable because you won't

271
00:11:28,840 --> 00:11:31,160
Speaker 1: be up to speed on the latest trends and innovations.

272
00:11:31,400 --> 00:11:34,480
Speaker 1: But that's not the case for other jobs where technology

273
00:11:34,640 --> 00:11:38,000
Speaker 1: isn't changing as rapidly, right, So part of your decision

274
00:11:38,200 --> 00:11:40,040
Speaker 1: should really come down to the confidence that you'll be

275
00:11:40,080 --> 00:11:42,480
Speaker 1: able to re enter the job market six months from

276
00:11:42,520 --> 00:11:45,840
Speaker 1: now based on your skills and your network before you

277
00:11:45,880 --> 00:11:49,080
Speaker 1: end up hitting pause, because an intentional six month break

278
00:11:49,320 --> 00:11:52,480
Speaker 1: could lead to maybe like an unintentional nine eleven twelve

279
00:11:52,480 --> 00:11:54,480
Speaker 1: a month break and then can you can you handle

280
00:11:54,480 --> 00:11:56,800
Speaker 1: that too? And again, it sounds like you've got good savings,

281
00:11:56,840 --> 00:11:58,560
Speaker 1: you've been intentional with your money, and you probably could

282
00:11:58,559 --> 00:12:02,320
Speaker 1: handle handle, you know, some extra additional unintentional time off,

283
00:12:02,600 --> 00:12:04,200
Speaker 1: but you want to be prepared in advance and be

284
00:12:04,240 --> 00:12:06,320
Speaker 1: thinking about what it looks like to go back to

285
00:12:06,360 --> 00:12:10,040
Speaker 1: work after that break. That's right, And Kyle, you said

286
00:12:10,080 --> 00:12:12,880
Speaker 1: to that the total difference in income might be around

287
00:12:14,160 --> 00:12:16,040
Speaker 1: you know, who's to say that your wife wouldn't think

288
00:12:16,120 --> 00:12:18,760
Speaker 1: up of like a new dream job scenario while she's

289
00:12:18,800 --> 00:12:20,760
Speaker 1: at home, you know, like during those six months she

290
00:12:20,800 --> 00:12:23,760
Speaker 1: could maybe start consulting or think of something entirely new

291
00:12:23,880 --> 00:12:26,080
Speaker 1: or different, and you know, maybe she doesn't make a

292
00:12:26,080 --> 00:12:27,880
Speaker 1: ton now and that would still allow you to kind

293
00:12:27,880 --> 00:12:30,400
Speaker 1: of take advantage of some of the recent laws that

294
00:12:30,440 --> 00:12:32,800
Speaker 1: have passed. But maybe by next year, you know, she

295
00:12:32,840 --> 00:12:34,680
Speaker 1: could be making a good amount of money, maybe she

296
00:12:34,679 --> 00:12:37,440
Speaker 1: could even supplant her former salary, and so in that

297
00:12:37,480 --> 00:12:39,720
Speaker 1: case we would say, go for it, take the break.

298
00:12:39,920 --> 00:12:41,640
Speaker 1: You know, this is something that you might have even

299
00:12:41,679 --> 00:12:44,720
Speaker 1: done regardless of the change in the laws, but you know,

300
00:12:44,760 --> 00:12:48,240
Speaker 1: given that recent legislation, it makes the decision even easier

301
00:12:48,280 --> 00:12:50,360
Speaker 1: to to say yes to Yeah, man, I feel like

302
00:12:50,559 --> 00:12:53,880
Speaker 1: oftentimes we pack our lives so full with things to

303
00:12:53,920 --> 00:12:57,400
Speaker 1: do work included work especially, and so our brains just

304
00:12:57,400 --> 00:12:59,520
Speaker 1: don't have the free time to think about what life

305
00:12:59,520 --> 00:13:02,040
Speaker 1: could look like apart from work, Like could we launch

306
00:13:02,080 --> 00:13:05,599
Speaker 1: our own business, could we start aside hustle or start consulting?

307
00:13:05,840 --> 00:13:07,480
Speaker 1: And that's kind of actually been one of the interesting

308
00:13:07,480 --> 00:13:10,080
Speaker 1: things that we've talked about to Matt, is that a

309
00:13:10,120 --> 00:13:13,360
Speaker 1: lot of entrepreneurs have started their own budding business in

310
00:13:13,600 --> 00:13:16,040
Speaker 1: times of COVID and this could be you know, a

311
00:13:16,080 --> 00:13:18,840
Speaker 1: similar move, Kyle, for for your wife. If she's able

312
00:13:18,840 --> 00:13:20,480
Speaker 1: to be home, y'all are able to be home together.

313
00:13:20,800 --> 00:13:23,320
Speaker 1: How wonderful does that sound? And it could also offer

314
00:13:23,400 --> 00:13:26,679
Speaker 1: the mental flexibility to dream about even bigger and better

315
00:13:26,760 --> 00:13:30,000
Speaker 1: things on the horizon, including new work opportunities. Yeah, Kyle's

316
00:13:30,000 --> 00:13:32,480
Speaker 1: wife could be the CEO of the next uh new

317
00:13:32,520 --> 00:13:36,280
Speaker 1: startup focused on like the baby industry. Well, there's a

318
00:13:36,320 --> 00:13:37,480
Speaker 1: lot of money to be had in that one there.

319
00:13:38,280 --> 00:13:39,880
Speaker 1: I think there's a better term for that, but you know,

320
00:13:40,080 --> 00:13:44,440
Speaker 1: generally speaking, the baby industry catering to the children. All right, Well, Kyle,

321
00:13:44,520 --> 00:13:46,800
Speaker 1: best of luck to to you and your family as

322
00:13:46,800 --> 00:13:48,960
Speaker 1: you embark on this time off. We hope it's a

323
00:13:49,000 --> 00:13:50,880
Speaker 1: really really good time for you. Guys and Matt. We've

324
00:13:50,880 --> 00:13:53,240
Speaker 1: got more questions to get to. We'll get to those,

325
00:13:53,280 --> 00:13:55,839
Speaker 1: including one about he locks versus home equity loans. Will

326
00:13:55,840 --> 00:14:07,240
Speaker 1: get to those right after this break. Al Right, we

327
00:14:07,280 --> 00:14:08,840
Speaker 1: are back from the breaking. Before we get to that

328
00:14:08,960 --> 00:14:12,160
Speaker 1: question about whether or not a helock makes sense, let's

329
00:14:12,200 --> 00:14:14,200
Speaker 1: hear from a listener who has just started investing and

330
00:14:14,240 --> 00:14:17,560
Speaker 1: has a question about his roth Ira. A. Hey, what's

331
00:14:17,600 --> 00:14:19,720
Speaker 1: up how to money? My name is Preston and I'm

332
00:14:19,720 --> 00:14:23,360
Speaker 1: based out of San Antonio, Texas. So I recently opened

333
00:14:23,440 --> 00:14:28,360
Speaker 1: up a Fidelity account along with a roth Ira. Inside Fidelity,

334
00:14:28,920 --> 00:14:32,440
Speaker 1: I am twenty years old and I cannot afford to

335
00:14:32,600 --> 00:14:35,320
Speaker 1: throw in six thousand dollars right off the bat, So

336
00:14:35,360 --> 00:14:37,960
Speaker 1: I came up with a method to where I throw

337
00:14:38,040 --> 00:14:40,960
Speaker 1: in a hundred and fifteen dollars a week into this

338
00:14:41,080 --> 00:14:45,440
Speaker 1: roth Ira and it will equivalate to six thousand dollars

339
00:14:45,480 --> 00:14:47,920
Speaker 1: by the end of the fifty fifty two week period.

340
00:14:48,680 --> 00:14:51,600
Speaker 1: And with all that being said, I'm curious as to

341
00:14:51,720 --> 00:14:54,280
Speaker 1: if I will gain the same amount of interest on

342
00:14:54,320 --> 00:14:58,680
Speaker 1: my roth Ira as someone who can afford to throw

343
00:14:58,720 --> 00:15:01,920
Speaker 1: in six thousand dollars right off the bat. I also

344
00:15:01,960 --> 00:15:05,040
Speaker 1: have one more question. I'm so sorry. Can I open

345
00:15:05,120 --> 00:15:09,040
Speaker 1: up another rath Area account? Granted I can't even afford one,

346
00:15:09,520 --> 00:15:11,440
Speaker 1: but there might be another listener out there who is

347
00:15:11,480 --> 00:15:14,400
Speaker 1: also curious about this. So I'm gonna leave you all

348
00:15:14,400 --> 00:15:17,000
Speaker 1: with all of that. Thank you all so much. Y'all

349
00:15:17,000 --> 00:15:19,440
Speaker 1: are great. I love y'all's little system. Y'all got set

350
00:15:19,480 --> 00:15:22,800
Speaker 1: up here to where I can easily ask a question.

351
00:15:22,840 --> 00:15:25,920
Speaker 1: This is great. Thanks again, guys. Man. I gotta say

352
00:15:25,920 --> 00:15:28,200
Speaker 1: Preston has already been doing a great job listening because

353
00:15:28,200 --> 00:15:31,680
Speaker 1: he opened his roth Eiray at Fidelity aged twenty to

354
00:15:31,800 --> 00:15:35,400
Speaker 1: boot right. That's oppressive, dude, So congrats, Preston. I love

355
00:15:35,440 --> 00:15:37,440
Speaker 1: too how you already boiled it down to a hundred

356
00:15:37,480 --> 00:15:39,920
Speaker 1: fifteen bucks a week um and you can hit that

357
00:15:40,000 --> 00:15:41,760
Speaker 1: six thousand dollar limit over the course of the year.

358
00:15:41,800 --> 00:15:44,360
Speaker 1: That's fantastic. And you know, to be able to max

359
00:15:44,400 --> 00:15:47,480
Speaker 1: out your wrath at the age of twenty is a

360
00:15:47,520 --> 00:15:50,000
Speaker 1: really big deal because it means you won't have to

361
00:15:50,040 --> 00:15:53,800
Speaker 1: dedicate nearly as much of your earnings towards investing later

362
00:15:53,840 --> 00:15:55,600
Speaker 1: on in life if you do it well in your

363
00:15:55,600 --> 00:15:57,600
Speaker 1: twenties and thirties. There are a lot of folks at

364
00:15:57,640 --> 00:15:59,440
Speaker 1: your age you don't even know what a roth ira is,

365
00:15:59,760 --> 00:16:01,720
Speaker 1: much less how to open one or put money in it.

366
00:16:01,800 --> 00:16:04,400
Speaker 1: So so yeah, big props, Preston. But let's get into

367
00:16:04,840 --> 00:16:08,160
Speaker 1: some of the specifics of your question. You're basically asking

368
00:16:08,160 --> 00:16:10,760
Speaker 1: whether or not it's better to invest in a lump

369
00:16:10,760 --> 00:16:14,520
Speaker 1: sum on January one instead of dollar cost averaging over

370
00:16:14,760 --> 00:16:17,960
Speaker 1: fifty two weeks, and we would say that basically that's

371
00:16:17,960 --> 00:16:19,680
Speaker 1: your only option right now. Right if you don't have

372
00:16:19,720 --> 00:16:21,600
Speaker 1: the cash on hand and you need to spread it

373
00:16:21,600 --> 00:16:24,200
Speaker 1: out by putting in a hundred fifteen dollars every week,

374
00:16:24,480 --> 00:16:26,560
Speaker 1: well that gets things taken care of. But if you

375
00:16:26,600 --> 00:16:28,520
Speaker 1: are able at some point in the future to fully

376
00:16:28,560 --> 00:16:32,040
Speaker 1: fund that rath in one fell swoop on January one. Well,

377
00:16:32,160 --> 00:16:33,880
Speaker 1: it's not a bad idea to go ahead and do

378
00:16:33,920 --> 00:16:36,120
Speaker 1: that and get it taken care of as early in

379
00:16:36,160 --> 00:16:38,640
Speaker 1: the year as you as you possibly can. And that's

380
00:16:38,680 --> 00:16:41,840
Speaker 1: because the market goes up on average two out of

381
00:16:41,880 --> 00:16:45,320
Speaker 1: every three years. Getting money in as early as possible

382
00:16:45,680 --> 00:16:47,960
Speaker 1: means that there's a greater likelihood that the money you're

383
00:16:47,960 --> 00:16:49,960
Speaker 1: putting in is gonna make money. And that info is

384
00:16:50,000 --> 00:16:52,280
Speaker 1: based on research by Vanguard. Will will put a link

385
00:16:52,600 --> 00:16:55,120
Speaker 1: to that Vanguard study in the show notes. But man,

386
00:16:55,120 --> 00:16:57,400
Speaker 1: it's crazy. I finally for the first time opened up

387
00:16:58,160 --> 00:17:00,120
Speaker 1: plans for my kids last year, and I would in

388
00:17:00,160 --> 00:17:02,520
Speaker 1: there and I looked and they already had hundreds and

389
00:17:02,560 --> 00:17:04,399
Speaker 1: hundreds of dollars of gaines. And I was just like

390
00:17:04,800 --> 00:17:07,639
Speaker 1: just wowed at the process. Right, Like I knew exactly

391
00:17:07,680 --> 00:17:09,000
Speaker 1: how much I put in. I'm not putting in a

392
00:17:09,040 --> 00:17:12,560
Speaker 1: recurring amount every single month, and just to see like, okay, wow,

393
00:17:12,600 --> 00:17:14,960
Speaker 1: they're they're already worth you know, a decent bit more.

394
00:17:15,280 --> 00:17:17,080
Speaker 1: Just I mean, it makes you feel good, Yeah, you've

395
00:17:17,080 --> 00:17:19,160
Speaker 1: got that five twenty nine playing money invested in bitcoin,

396
00:17:19,280 --> 00:17:23,200
Speaker 1: right exactly. I don't even think that's an option, but no, yeah,

397
00:17:23,200 --> 00:17:26,359
Speaker 1: that's that. I hope he didn't making an option of

398
00:17:26,359 --> 00:17:28,800
Speaker 1: a president. You know, we want you to essentially, we

399
00:17:28,800 --> 00:17:30,800
Speaker 1: don't want you to sweat the fact that you don't

400
00:17:30,840 --> 00:17:33,600
Speaker 1: have your six thousand dollars saved up by January one, right,

401
00:17:33,920 --> 00:17:36,320
Speaker 1: you know, if you can work towards that, then that's

402
00:17:36,320 --> 00:17:37,960
Speaker 1: a great thing. I mean, essentially that's what I do,

403
00:17:38,040 --> 00:17:39,560
Speaker 1: or I mean every single month instead of I don't

404
00:17:39,560 --> 00:17:41,040
Speaker 1: do it every week, but once a month. I set

405
00:17:41,040 --> 00:17:43,240
Speaker 1: aside five bucks so that it is ready to go

406
00:17:43,280 --> 00:17:45,200
Speaker 1: at the beginning of the next year. But but truly,

407
00:17:45,200 --> 00:17:47,480
Speaker 1: I'm only like one year ahead of you here, and

408
00:17:47,520 --> 00:17:48,880
Speaker 1: so if you can kind of look at it through

409
00:17:48,880 --> 00:17:51,000
Speaker 1: that lens, hopefully, if that is a goal of years,

410
00:17:51,000 --> 00:17:53,680
Speaker 1: that's something you can work towards. But the far bigger

411
00:17:53,720 --> 00:17:57,199
Speaker 1: deal here is consistently getting that six thousand dollars in

412
00:17:57,880 --> 00:17:59,919
Speaker 1: each and every single year. Right. It doesn't help to

413
00:18:00,000 --> 00:18:02,359
Speaker 1: obsessed over when you're going to get that cash in,

414
00:18:02,920 --> 00:18:04,960
Speaker 1: even though you know the optimal thing is to get

415
00:18:04,960 --> 00:18:06,800
Speaker 1: it in a little bit sooner. But it truly doesn't

416
00:18:06,840 --> 00:18:09,280
Speaker 1: matter all that much. Uh, there's a lot of folks

417
00:18:09,280 --> 00:18:12,200
Speaker 1: who are fans of dollar cost averaging, uh, and they'll

418
00:18:12,200 --> 00:18:13,920
Speaker 1: note that, you know, when you do that, it helps

419
00:18:13,920 --> 00:18:16,080
Speaker 1: you to avoid some of the short term losses, you know,

420
00:18:16,160 --> 00:18:18,919
Speaker 1: so there is uh an emotional benefit of not freaking

421
00:18:18,920 --> 00:18:21,280
Speaker 1: out if the market, you know, hit some turbulence right

422
00:18:21,320 --> 00:18:24,240
Speaker 1: after you make that investment. But again, the difference between

423
00:18:24,280 --> 00:18:27,560
Speaker 1: dollar cost averaging versus lump sum investing, it's not a

424
00:18:27,600 --> 00:18:30,119
Speaker 1: huge difference you're looking at, like within that Vanguard study,

425
00:18:30,240 --> 00:18:32,439
Speaker 1: it's only a difference of about two point three percent,

426
00:18:32,720 --> 00:18:34,520
Speaker 1: And so we're not talking about the difference of like

427
00:18:34,840 --> 00:18:37,679
Speaker 1: ten percent fiftcent something that would you know, make a

428
00:18:37,720 --> 00:18:40,480
Speaker 1: massive difference in your ability to grow your money over

429
00:18:40,520 --> 00:18:42,639
Speaker 1: the future. It's something to work towards, Like, you know,

430
00:18:42,680 --> 00:18:44,240
Speaker 1: do you want to have an extra two point three

431
00:18:44,240 --> 00:18:48,520
Speaker 1: percent based on historical returns? Sure, but it's it's not

432
00:18:48,600 --> 00:18:51,560
Speaker 1: a big enough deal to kind of beat yourself up over. Yeah, man,

433
00:18:51,600 --> 00:18:53,240
Speaker 1: what you just said kind of makes me think about

434
00:18:53,359 --> 00:18:55,320
Speaker 1: somebody with a great credit score. Let's say they're like

435
00:18:55,560 --> 00:18:58,960
Speaker 1: seven eight and they really really want their credit score

436
00:18:59,040 --> 00:19:02,080
Speaker 1: to be perfect, like eight, and it's possible, right, you

437
00:19:02,119 --> 00:19:04,119
Speaker 1: could work really, really hard and you might see some

438
00:19:04,160 --> 00:19:06,479
Speaker 1: benefits from that as well. Yeah, and it's not a

439
00:19:06,480 --> 00:19:08,720
Speaker 1: bad idea to try to work as hard as you

440
00:19:08,760 --> 00:19:11,679
Speaker 1: can to make your credit score excellent, right, But I

441
00:19:11,720 --> 00:19:14,560
Speaker 1: also think when once you're at seven eighty, your golden

442
00:19:14,600 --> 00:19:16,640
Speaker 1: and that credit score is gonna take you really far

443
00:19:16,680 --> 00:19:19,119
Speaker 1: in life, um, and the difference between seven eight and

444
00:19:19,119 --> 00:19:21,880
Speaker 1: eight fifty is minimal and how it actually improves your life,

445
00:19:21,880 --> 00:19:24,239
Speaker 1: And so I think it's the same thing here. It's like,

446
00:19:24,840 --> 00:19:29,120
Speaker 1: is lump sum investing on January one the best thing mathematically? Yes,

447
00:19:29,640 --> 00:19:31,880
Speaker 1: But if the dollar cost averaging is going to help

448
00:19:31,920 --> 00:19:34,240
Speaker 1: you stick with it and help you behaviorally, then I

449
00:19:34,240 --> 00:19:37,000
Speaker 1: think dollar cost averaging is great too, So I'm all

450
00:19:37,000 --> 00:19:41,720
Speaker 1: about that. Also, to Preston asked about opening multiple Wrath accounts, Preston,

451
00:19:41,760 --> 00:19:45,399
Speaker 1: you could technically have a RATH iiarray with multiple broker's houses.

452
00:19:45,640 --> 00:19:48,639
Speaker 1: There's nothing wrong with that, But the six thousand dollar

453
00:19:48,840 --> 00:19:51,280
Speaker 1: total limit doesn't change. That's the amount that you can

454
00:19:51,320 --> 00:19:54,120
Speaker 1: put into any and all wrath accounts as set by

455
00:19:54,200 --> 00:19:56,040
Speaker 1: the i R S. So you could drop like two

456
00:19:56,040 --> 00:19:58,960
Speaker 1: thousand bucks into Vanguard, two thousand into Fidelity, and two

457
00:19:59,000 --> 00:20:01,920
Speaker 1: thousand with in one. But it's easier to pick one

458
00:20:02,080 --> 00:20:03,959
Speaker 1: of the low cost grates and keep as much as

459
00:20:04,000 --> 00:20:06,879
Speaker 1: you can with just a single one. We would say

460
00:20:06,960 --> 00:20:09,000
Speaker 1: that's best for simplicity. It's not like you can put

461
00:20:09,200 --> 00:20:11,520
Speaker 1: six thousand bucks every year into each one of those.

462
00:20:11,600 --> 00:20:13,320
Speaker 1: That's going to go against I r S guidelines. Who'll

463
00:20:13,359 --> 00:20:15,399
Speaker 1: be doing something illegal at that point? That's right, and

464
00:20:15,440 --> 00:20:18,479
Speaker 1: of course you want to be a law abiding citizens. Preston,

465
00:20:18,520 --> 00:20:20,199
Speaker 1: thanks so much for that question, and to keep up

466
00:20:20,240 --> 00:20:23,560
Speaker 1: the good work, Joel our. The next question, uh, interestingly

467
00:20:23,640 --> 00:20:26,520
Speaker 1: has to do with a garage. Let's hear it. Hey,

468
00:20:26,640 --> 00:20:30,119
Speaker 1: Matt and Joel. This is Kirby from have Her, Montana.

469
00:20:30,800 --> 00:20:34,359
Speaker 1: I have a question for y'all regarding setting up a

470
00:20:34,359 --> 00:20:38,399
Speaker 1: helock for some home improvements. My husband and I have

471
00:20:38,480 --> 00:20:41,600
Speaker 1: about six thousand dollars in debt that will have paid

472
00:20:41,640 --> 00:20:45,520
Speaker 1: off by June at the very latest. UM. This is

473
00:20:45,560 --> 00:20:49,280
Speaker 1: aside from mortgage on our duplex that we currently live in.

474
00:20:49,920 --> 00:20:54,679
Speaker 1: We have about equity in the property. I just refinanced

475
00:20:54,720 --> 00:20:58,040
Speaker 1: in December and UM I decided to forego the cash

476
00:20:58,040 --> 00:21:01,880
Speaker 1: out REFI option just due to the low interest right

477
00:21:01,960 --> 00:21:05,200
Speaker 1: that I received without it. UM we need about eight

478
00:21:05,200 --> 00:21:09,080
Speaker 1: to ten thousand dollars to finish the garage that my

479
00:21:09,200 --> 00:21:13,520
Speaker 1: husband needs to continue running his detailing business, along with

480
00:21:13,560 --> 00:21:17,280
Speaker 1: a new fence. Due to the work involved, UM, everything

481
00:21:17,800 --> 00:21:20,639
Speaker 1: essentially has to be done at the same time. We

482
00:21:20,680 --> 00:21:22,359
Speaker 1: could have this money saved up by the end of

483
00:21:22,359 --> 00:21:26,439
Speaker 1: the summer, but getting extensive outdoor work done in the

484
00:21:26,440 --> 00:21:29,760
Speaker 1: fall is kind of a gamble in Montana, UM, the

485
00:21:29,800 --> 00:21:34,560
Speaker 1: weather doesn't like to cooperate when you want it to. Also,

486
00:21:34,760 --> 00:21:37,880
Speaker 1: the improvements to the garage would include insulation and heat,

487
00:21:37,960 --> 00:21:40,480
Speaker 1: which would be essential from my husband's business and his

488
00:21:40,600 --> 00:21:44,600
Speaker 1: hobbies in the winter. So my question is, UM, would

489
00:21:44,960 --> 00:21:48,200
Speaker 1: getting a heelock or a home equity loan while still

490
00:21:48,240 --> 00:21:52,280
Speaker 1: in debt be irresponsible? UM? And if not, which one

491
00:21:52,400 --> 00:21:56,240
Speaker 1: better suits this situation? And what would you suggest looking

492
00:21:56,280 --> 00:22:00,359
Speaker 1: for in a lender UM as far as rates and fees?

493
00:22:01,000 --> 00:22:03,440
Speaker 1: Thank you all for your advice. Hey Kirby, thanks for

494
00:22:03,480 --> 00:22:04,960
Speaker 1: that question, and we are glad to hear that you're

495
00:22:04,960 --> 00:22:07,080
Speaker 1: able to lock in a low interest rate during like

496
00:22:07,160 --> 00:22:09,399
Speaker 1: what might be the lowest rates we will see in

497
00:22:09,400 --> 00:22:11,879
Speaker 1: our lifetime. Right and by the way, too, she mentioned

498
00:22:11,960 --> 00:22:14,920
Speaker 1: that they are in a duplex, which means their house

499
00:22:14,960 --> 00:22:17,640
Speaker 1: hacking right when you're in a duplex. That means you're

500
00:22:17,640 --> 00:22:19,440
Speaker 1: living in half of it and you've got tenants in

501
00:22:19,480 --> 00:22:21,920
Speaker 1: the other half. Hopefully they're paying most, if not all,

502
00:22:22,000 --> 00:22:25,840
Speaker 1: of the mortgage. So Kirby, good job there, house hacking rocks. Yeah. Yeah,

503
00:22:25,840 --> 00:22:28,600
Speaker 1: So so taking out a helock makes sense here in

504
00:22:28,720 --> 00:22:30,840
Speaker 1: order to pull that off quickly. Uh and you know,

505
00:22:30,880 --> 00:22:33,120
Speaker 1: to tackle that project now, you know, given that rough

506
00:22:33,240 --> 00:22:36,360
Speaker 1: Montana weather, we think that's a good idea if your

507
00:22:36,400 --> 00:22:40,520
Speaker 1: husband is committed to the detailing business and you know

508
00:22:40,560 --> 00:22:42,879
Speaker 1: you're not using the business as an excuse for for

509
00:22:42,960 --> 00:22:45,359
Speaker 1: kind of making an upgrade to the house. Uh. And

510
00:22:45,400 --> 00:22:47,760
Speaker 1: so yeah, we're cool with the helock if it's allowing

511
00:22:47,800 --> 00:22:49,960
Speaker 1: you to make money elsewhere. This is something where you

512
00:22:50,040 --> 00:22:52,359
Speaker 1: kind of need to have an honest conversation with yourself

513
00:22:52,440 --> 00:22:54,440
Speaker 1: something to kind of consider it and keep in mind

514
00:22:54,560 --> 00:22:57,000
Speaker 1: because we don't want you, you know, spending money on

515
00:22:57,000 --> 00:23:00,240
Speaker 1: on lifestyle and consumption under the guise of know we're

516
00:23:00,280 --> 00:23:02,520
Speaker 1: doing this for the business. It's like, okay, because I

517
00:23:02,760 --> 00:23:04,560
Speaker 1: mentioned that, because she's kind of slid in the hobbies

518
00:23:04,640 --> 00:23:06,040
Speaker 1: thing in there. You know, she's like, this is gonna

519
00:23:06,040 --> 00:23:09,200
Speaker 1: be good for my husband's business and hobbies, and we're

520
00:23:09,200 --> 00:23:11,320
Speaker 1: all for you know, pursuing hobbies, but we want to

521
00:23:11,320 --> 00:23:13,000
Speaker 1: make sure that you're doing it in a responsible way,

522
00:23:13,000 --> 00:23:15,600
Speaker 1: that you're not financing your hobbies and that truly, what

523
00:23:15,600 --> 00:23:18,520
Speaker 1: you're doing here is kind of increasing away for you

524
00:23:18,560 --> 00:23:21,000
Speaker 1: to make money because you know, you're talking about heating

525
00:23:21,040 --> 00:23:23,080
Speaker 1: the garage, like you could put a couple of heaters

526
00:23:23,119 --> 00:23:26,640
Speaker 1: in there, and heaters don't cost you know, eight that's true. Yeah, yeah,

527
00:23:26,800 --> 00:23:29,280
Speaker 1: I will say too, though at least Kirby wasn't like, hey,

528
00:23:29,400 --> 00:23:33,720
Speaker 1: we might take like a vacation to Sahati is also

529
00:23:33,840 --> 00:23:37,159
Speaker 1: nice during the winters of Montana. Maybe we'll take to

530
00:23:37,320 --> 00:23:40,320
Speaker 1: vacations like That's sometimes I think where where a lot

531
00:23:40,320 --> 00:23:42,440
Speaker 1: of people, especially with rates this low, there may be

532
00:23:42,520 --> 00:23:46,080
Speaker 1: considering taking money out in order to take a nicer

533
00:23:46,119 --> 00:23:48,399
Speaker 1: trip or to fund some of that lifestyle spending like

534
00:23:48,400 --> 00:23:51,760
Speaker 1: you're talking about matt Um. But Kirby and her partner,

535
00:23:51,760 --> 00:23:54,399
Speaker 1: it sounds like are looking to do just improvements to

536
00:23:54,400 --> 00:23:56,840
Speaker 1: the home and that is the perfect use for a

537
00:23:56,840 --> 00:23:59,160
Speaker 1: home equity line of credit or a home equity loan

538
00:23:59,600 --> 00:24:01,400
Speaker 1: if you can afford it. Right, it sounds like they're

539
00:24:01,400 --> 00:24:03,119
Speaker 1: being smart about it and given to the fact that

540
00:24:03,119 --> 00:24:05,199
Speaker 1: they've got some debt, but they've got a plan to

541
00:24:05,240 --> 00:24:07,000
Speaker 1: have that paid off. She said, like at you know,

542
00:24:07,119 --> 00:24:09,199
Speaker 1: by June at the latest, Like it sounds like they

543
00:24:09,200 --> 00:24:10,760
Speaker 1: are on the ball. They've got things figured out, they've

544
00:24:10,760 --> 00:24:12,680
Speaker 1: got a plan, so it doesn't necessarily look like they're

545
00:24:12,720 --> 00:24:14,680
Speaker 1: going to be the ones to kind of uh inflate

546
00:24:14,680 --> 00:24:17,240
Speaker 1: their lifestyle, you know with this. He lock right, and

547
00:24:17,280 --> 00:24:19,720
Speaker 1: so Kirby, on that note, we would say one of

548
00:24:19,720 --> 00:24:22,440
Speaker 1: the really important things in this is to find the

549
00:24:22,520 --> 00:24:24,880
Speaker 1: right lender, So we would we would suggest geting quotes

550
00:24:24,880 --> 00:24:27,920
Speaker 1: from a few different institutions, including a local credit union

551
00:24:28,080 --> 00:24:30,400
Speaker 1: or two. We like credit unions a whole lot. We've

552
00:24:30,400 --> 00:24:32,600
Speaker 1: talked about it before, um and last time I went

553
00:24:32,680 --> 00:24:35,480
Speaker 1: looking for helock, though, Matt, the rate I found was

554
00:24:35,520 --> 00:24:37,960
Speaker 1: best was being offered by a regional bank. They had

555
00:24:38,160 --> 00:24:40,280
Speaker 1: the best offer around and they had a great intro rate.

556
00:24:40,359 --> 00:24:42,960
Speaker 1: So basically like I could get a lower interest rate

557
00:24:43,000 --> 00:24:44,840
Speaker 1: for I forget if it was six months or a

558
00:24:44,920 --> 00:24:47,439
Speaker 1: year um and at the same time, I wasn't charged

559
00:24:47,480 --> 00:24:50,520
Speaker 1: a dimond. Closing costs for fagetting that loan, and those

560
00:24:50,560 --> 00:24:54,000
Speaker 1: costs can vary widely between different lenders and kind of

561
00:24:54,000 --> 00:24:56,440
Speaker 1: what promotions that they're that they're offering at the time.

562
00:24:56,720 --> 00:24:59,480
Speaker 1: But Kirby, I would suggest researching rates and check for

563
00:24:59,720 --> 00:25:02,840
Speaker 1: int doctory offers that could sweeten the deal. And this

564
00:25:02,920 --> 00:25:05,399
Speaker 1: is actually a chance to for as you're getting these quotes,

565
00:25:05,680 --> 00:25:08,679
Speaker 1: to go back to an institution whose offer was just

566
00:25:08,760 --> 00:25:11,080
Speaker 1: okay and be like, well, I'm getting this over here

567
00:25:11,119 --> 00:25:12,639
Speaker 1: and I'd love to go with you. Guys. Can you

568
00:25:12,680 --> 00:25:14,360
Speaker 1: match it? Can you beat it? And you can kind

569
00:25:14,359 --> 00:25:17,040
Speaker 1: of pit lenders against each other. You can totally ask

570
00:25:17,040 --> 00:25:19,679
Speaker 1: for a discount and ask for fees to be waved

571
00:25:19,680 --> 00:25:21,800
Speaker 1: in order to score yourself a better deal on this

572
00:25:21,880 --> 00:25:24,400
Speaker 1: helock or home equity loan. Yeah. Well, on that note,

573
00:25:24,400 --> 00:25:27,600
Speaker 1: fees are essentially everything here, right Uh. There are going

574
00:25:27,680 --> 00:25:30,920
Speaker 1: to be different fees or penalties that a lender might charge,

575
00:25:31,119 --> 00:25:32,879
Speaker 1: and so that's something to be aware of. Like, some

576
00:25:33,040 --> 00:25:36,240
Speaker 1: lenders won't charge you any closing costs if you keep

577
00:25:36,240 --> 00:25:38,640
Speaker 1: that helock active for a certain number of years. Um,

578
00:25:38,680 --> 00:25:40,199
Speaker 1: you don't even have to take any money out. You

579
00:25:40,240 --> 00:25:42,800
Speaker 1: just can't close it down in activity fees or something

580
00:25:42,840 --> 00:25:44,359
Speaker 1: else you want to be aware of, you know, So

581
00:25:44,440 --> 00:25:46,800
Speaker 1: if the lender wants to charge you for not taking

582
00:25:46,800 --> 00:25:50,119
Speaker 1: money out. That's something you're gonna want to avoid early

583
00:25:50,160 --> 00:25:52,439
Speaker 1: closure or pre payment penalties or something else that you

584
00:25:52,440 --> 00:25:54,800
Speaker 1: want to avoid, especially to since it sounds like you're

585
00:25:54,840 --> 00:25:56,919
Speaker 1: gonna be able to pay this line of credit off quickly.

586
00:25:57,200 --> 00:25:59,879
Speaker 1: You don't want to owe a bank extra money just

587
00:26:00,000 --> 00:26:01,560
Speaker 1: because you didn't need it for long. So this is

588
00:26:01,600 --> 00:26:04,440
Speaker 1: an instance where being aware of those fees and also

589
00:26:04,480 --> 00:26:07,120
Speaker 1: being aware of some of those you know, promotional discounted

590
00:26:07,240 --> 00:26:09,600
Speaker 1: rates for a certain amount of time, you could really

591
00:26:09,640 --> 00:26:11,720
Speaker 1: benefit because if you if you have a plan, you

592
00:26:11,720 --> 00:26:13,000
Speaker 1: know that you're gonna be able to knock that out,

593
00:26:13,000 --> 00:26:15,120
Speaker 1: say in six months, and they've got this crazy low

594
00:26:15,200 --> 00:26:17,320
Speaker 1: offer where you know it's good for you know, for

595
00:26:17,320 --> 00:26:19,440
Speaker 1: for six to eight months or something like that. Uh,

596
00:26:19,440 --> 00:26:21,240
Speaker 1: and you know that if you all really get after it,

597
00:26:21,320 --> 00:26:24,600
Speaker 1: you could you could completely wipe that out. The details

598
00:26:24,600 --> 00:26:26,320
Speaker 1: and the rates and the fees they make all the

599
00:26:26,320 --> 00:26:30,120
Speaker 1: difference in the world. Yeah, and Matt too, considering their

600
00:26:30,160 --> 00:26:33,399
Speaker 1: time frame, a helock makes a whole lot more sense

601
00:26:33,440 --> 00:26:36,320
Speaker 1: than a home equity loan, right, Yes, And that's because

602
00:26:36,359 --> 00:26:39,679
Speaker 1: helocks are simpler and often can come with fewer fees

603
00:26:40,119 --> 00:26:43,400
Speaker 1: that the rate on the home equity loan is locked, right,

604
00:26:43,400 --> 00:26:46,000
Speaker 1: so you know what you're paying over the whole entire

605
00:26:46,160 --> 00:26:49,000
Speaker 1: life that you have that loan, Whereas the rate on

606
00:26:49,160 --> 00:26:51,560
Speaker 1: a helock is floating, and that scares some people to

607
00:26:51,600 --> 00:26:54,280
Speaker 1: have a floating rate, right. And two, there's a potential

608
00:26:54,320 --> 00:26:56,800
Speaker 1: that we're going to see rates start to rise, and

609
00:26:56,880 --> 00:26:59,159
Speaker 1: so taking out a helock could feel like a gamble

610
00:26:59,240 --> 00:27:01,720
Speaker 1: to a lot of And that's why the time horizon

611
00:27:01,840 --> 00:27:04,879
Speaker 1: is so important. When you're determining which one of these

612
00:27:04,920 --> 00:27:07,479
Speaker 1: products is right for you. It's really important to know

613
00:27:07,600 --> 00:27:10,400
Speaker 1: your payback period before you make the decision. And since

614
00:27:10,440 --> 00:27:12,600
Speaker 1: it sounds like you're gonna be borrowing a minimal amount

615
00:27:12,640 --> 00:27:14,840
Speaker 1: of money, Kirby, ten grand or less and you'll be

616
00:27:14,840 --> 00:27:17,040
Speaker 1: able to pay it off in short order, the heatlock

617
00:27:17,160 --> 00:27:18,840
Speaker 1: is going to be your best bet because you're gonna

618
00:27:18,840 --> 00:27:21,280
Speaker 1: be able to get that joker paid off before your

619
00:27:21,320 --> 00:27:24,040
Speaker 1: rate starts to take up in a meaningful way. All right, Well,

620
00:27:24,080 --> 00:27:25,520
Speaker 1: Kurby thinks so much for that question, and we hope

621
00:27:25,520 --> 00:27:26,760
Speaker 1: we were able to get your pointed in the in

622
00:27:26,800 --> 00:27:28,359
Speaker 1: the right direction. Joel, You know that was a question

623
00:27:28,359 --> 00:27:30,800
Speaker 1: about a renovation. Right after the break. We're gonna get

624
00:27:30,800 --> 00:27:33,719
Speaker 1: to a question about a full on, brand new house.

625
00:27:33,920 --> 00:27:45,119
Speaker 1: Let's hit that one up next. Alright, we'll back to

626
00:27:45,119 --> 00:27:47,240
Speaker 1: get a couple more questions left, and I'm really excited

627
00:27:47,280 --> 00:27:49,800
Speaker 1: about the when we're gonna tackle after this one about

628
00:27:49,800 --> 00:27:52,920
Speaker 1: emergency preparedness on a budget. But this next one is

629
00:27:52,960 --> 00:27:55,280
Speaker 1: interesting too. How can you use a credit card effectively

630
00:27:55,480 --> 00:27:58,320
Speaker 1: when you're building a home that's expensive? Hey? How the money?

631
00:27:58,640 --> 00:28:01,760
Speaker 1: Maybe from New Brunswick, Canada that I'm just looking for

632
00:28:02,440 --> 00:28:05,600
Speaker 1: the best credit cards to optimize for either points or

633
00:28:05,920 --> 00:28:09,520
Speaker 1: cash back. My wife and I will be building our

634
00:28:09,680 --> 00:28:12,600
Speaker 1: new home this summer, and UH, we're looking to get

635
00:28:12,640 --> 00:28:16,360
Speaker 1: the best bang for our buck. We were also wondering

636
00:28:16,480 --> 00:28:20,560
Speaker 1: if we should consider an extremely high limit on a

637
00:28:20,640 --> 00:28:24,159
Speaker 1: specific card. I guess we're just looking for your thoughts

638
00:28:24,200 --> 00:28:27,800
Speaker 1: on on this and trying to optimize uh in the

639
00:28:27,880 --> 00:28:30,920
Speaker 1: next coming months. And Uh, I guess if you want

640
00:28:30,920 --> 00:28:34,800
Speaker 1: to try a beer in New Brunswick, I recommend the

641
00:28:34,920 --> 00:28:38,560
Speaker 1: Tire Shack Full Service Double. I p simply that the

642
00:28:38,600 --> 00:28:41,240
Speaker 1: best double you'll ever have. Rammy, thanks for your question

643
00:28:41,240 --> 00:28:43,040
Speaker 1: and we appreciate that be a recommendation as well. That's

644
00:28:43,040 --> 00:28:45,960
Speaker 1: not a brewery I've ever even heard of, let alone

645
00:28:45,960 --> 00:28:48,760
Speaker 1: had uh. And also, congrats on building a new home.

646
00:28:49,160 --> 00:28:52,040
Speaker 1: That's definitely exciting. Or maybe we actually we should actually

647
00:28:52,120 --> 00:28:54,560
Speaker 1: say like we're sorry that you have to go through

648
00:28:54,600 --> 00:28:57,000
Speaker 1: this so many decisions to make so much pain in

649
00:28:57,040 --> 00:28:59,080
Speaker 1: the process, right, Yeah, Well it's it's it's cool, it's

650
00:28:59,120 --> 00:29:00,840
Speaker 1: fun to build your own play, but it can definitely

651
00:29:00,840 --> 00:29:03,719
Speaker 1: be daunting. I mean, and we've only gone through a

652
00:29:03,720 --> 00:29:06,080
Speaker 1: major renovation a few years ago, so remy, let's go

653
00:29:06,080 --> 00:29:08,240
Speaker 1: ahead and get your question. And you know, like truly

654
00:29:08,280 --> 00:29:10,360
Speaker 1: across the board, the best cash back credit cards are

655
00:29:10,360 --> 00:29:13,000
Speaker 1: going to be the City Double Cash and the Fidelity

656
00:29:13,040 --> 00:29:16,040
Speaker 1: Rewards Visa Signature card. Will link to both of those

657
00:29:16,080 --> 00:29:18,640
Speaker 1: in the show notes. But those are the only two

658
00:29:18,640 --> 00:29:20,240
Speaker 1: cards that that we know of, at least at this

659
00:29:20,280 --> 00:29:22,640
Speaker 1: point that offer a straight up two percent cash back

660
00:29:23,040 --> 00:29:25,600
Speaker 1: on every single purchase that you make. And also there

661
00:29:25,680 --> 00:29:28,040
Speaker 1: is no limit on what you can earn. Uh. So

662
00:29:28,120 --> 00:29:30,440
Speaker 1: sometimes there will be certain cards like I'm a huge

663
00:29:30,440 --> 00:29:33,520
Speaker 1: fan of the Blue Cash Preferred Amex card where you

664
00:29:33,560 --> 00:29:36,240
Speaker 1: get six percent on groceries, except that and it's and

665
00:29:36,240 --> 00:29:38,160
Speaker 1: it's certainly a great thing, but you are still limited

666
00:29:38,200 --> 00:29:40,360
Speaker 1: to the amount that you can earn, you know, with

667
00:29:40,520 --> 00:29:42,520
Speaker 1: that benefit with that six percent. And so it's great

668
00:29:42,520 --> 00:29:44,520
Speaker 1: about these two cards is that there's no limit. It's

669
00:29:44,560 --> 00:29:46,720
Speaker 1: two percent no matter how much you spend that year.

670
00:29:46,840 --> 00:29:48,320
Speaker 1: And when you're building a home, you're gonna spend a

671
00:29:48,320 --> 00:29:51,560
Speaker 1: lot of money, so no limit things important, right And

672
00:29:51,560 --> 00:29:55,520
Speaker 1: also to remy, it's important to consider sign up bonuses. Um,

673
00:29:55,520 --> 00:29:57,640
Speaker 1: those cards are the ones that Matt just mentioned are

674
00:29:57,640 --> 00:30:01,840
Speaker 1: perfect for everyday purchases, but there could be other ways

675
00:30:01,840 --> 00:30:05,760
Speaker 1: of maximizing your rewards because you're spending a lot right now, right,

676
00:30:06,000 --> 00:30:07,760
Speaker 1: so we would say pay attention to the sign up

677
00:30:07,760 --> 00:30:10,680
Speaker 1: bonuses that you can snag if you hit a certain

678
00:30:10,760 --> 00:30:13,880
Speaker 1: spend level each month. Just bind tile for your bathrooms

679
00:30:13,920 --> 00:30:17,920
Speaker 1: alone could let you a bonus of five seven fifty dollars.

680
00:30:18,200 --> 00:30:20,760
Speaker 1: So check out some of those what will link to

681
00:30:20,920 --> 00:30:23,400
Speaker 1: some of the cards paying the top bonuses right now

682
00:30:23,440 --> 00:30:25,080
Speaker 1: in the show notes as well. And if you're going

683
00:30:25,120 --> 00:30:27,200
Speaker 1: to be spending a lot of money at one of

684
00:30:27,200 --> 00:30:30,680
Speaker 1: the big home improvement retailers, consider signing up for their

685
00:30:30,760 --> 00:30:33,600
Speaker 1: credit card also because that could reward you even more

686
00:30:33,640 --> 00:30:36,240
Speaker 1: effectively than some of the other stuff we've been talking about.

687
00:30:36,280 --> 00:30:37,959
Speaker 1: That's right, Yeah, I think this would be the only

688
00:30:38,240 --> 00:30:40,880
Speaker 1: time that we would basically recommend like a store card,

689
00:30:41,280 --> 00:30:44,360
Speaker 1: which is essentially what the Lows card is. But that's

690
00:30:44,360 --> 00:30:46,080
Speaker 1: a credit card that they offer and they give you

691
00:30:46,120 --> 00:30:50,080
Speaker 1: a flat five percent off every purchase every day, which

692
00:30:50,120 --> 00:30:52,280
Speaker 1: is pretty awesome if you're going to be spending a

693
00:30:52,320 --> 00:30:54,360
Speaker 1: lot of money there. Uh, this is a card that

694
00:30:54,360 --> 00:30:56,720
Speaker 1: actually might sign up for. I mean, like, Lows is

695
00:30:56,760 --> 00:30:59,680
Speaker 1: the closest hardware store to us. Uh, in between just

696
00:30:59,720 --> 00:31:03,680
Speaker 1: money we spend outside, you know on the garden house stuff,

697
00:31:03,720 --> 00:31:06,400
Speaker 1: but then rentals as well. I mean, it could definitely

698
00:31:06,400 --> 00:31:08,160
Speaker 1: be be worth it for me. I go to Lows

699
00:31:08,240 --> 00:31:11,840
Speaker 1: more than I'd like to same here, oftentimes multiple times

700
00:31:11,840 --> 00:31:14,880
Speaker 1: in the same day, which is the worst, you know, man,

701
00:31:14,960 --> 00:31:17,960
Speaker 1: I feel like that, and I gotta go return and

702
00:31:18,000 --> 00:31:21,160
Speaker 1: get something else, absolutely man. And you know, speaking of

703
00:31:21,160 --> 00:31:24,000
Speaker 1: the big box stores, Home Depot will extend the return

704
00:31:24,040 --> 00:31:26,920
Speaker 1: window to a year if you pay with its cards,

705
00:31:26,920 --> 00:31:29,600
Speaker 1: so that's a little benefit there. But do be careful,

706
00:31:29,640 --> 00:31:31,560
Speaker 1: you know, when you are using any of these credit cards,

707
00:31:31,760 --> 00:31:33,880
Speaker 1: because the things that you'll be putting on the card,

708
00:31:34,040 --> 00:31:35,680
Speaker 1: they're going to add up over the months, and you

709
00:31:35,720 --> 00:31:38,040
Speaker 1: don't want to get used to putting your purchases on

710
00:31:38,080 --> 00:31:40,239
Speaker 1: it if you can't pay them in full, if you

711
00:31:40,280 --> 00:31:42,959
Speaker 1: are carrying a balance, that's something you want to avoid,

712
00:31:43,200 --> 00:31:45,120
Speaker 1: so remy best of luck to you building this home.

713
00:31:45,240 --> 00:31:48,160
Speaker 1: It's going to be super fun, also really stressful and

714
00:31:48,280 --> 00:31:51,840
Speaker 1: really expensive, but hopefully you can at least maximize your

715
00:31:51,880 --> 00:31:55,040
Speaker 1: rewards so that it cost you a little bit less Emotionally,

716
00:31:55,040 --> 00:31:57,880
Speaker 1: it'll feel a little bit better. Exactly, exactly, all right, Matt,

717
00:31:57,920 --> 00:31:59,680
Speaker 1: Let's get to our last question of this episode. This

718
00:31:59,720 --> 00:32:02,640
Speaker 1: one is about prepping on a budget. Hi, Matt and Jewel.

719
00:32:02,800 --> 00:32:05,840
Speaker 1: This is Lauren from Salt Lake City. In the past

720
00:32:05,920 --> 00:32:10,280
Speaker 1: year and a half, we have experienced wildfires, an earthquake,

721
00:32:10,800 --> 00:32:15,080
Speaker 1: a pandemic, and having our first baby. After all of that,

722
00:32:15,400 --> 00:32:17,880
Speaker 1: I feel a need to be more prepared in case

723
00:32:17,920 --> 00:32:21,040
Speaker 1: of an emergency. I would like to have some kind

724
00:32:21,200 --> 00:32:23,720
Speaker 1: of grab and go bag in case we need to

725
00:32:23,800 --> 00:32:28,120
Speaker 1: leave quickly. However, I'm finding that this stuff can get

726
00:32:28,200 --> 00:32:32,120
Speaker 1: really expensive for hopefully spending its life just sitting in

727
00:32:32,160 --> 00:32:35,760
Speaker 1: a closet. My question is what are your tips for

728
00:32:35,840 --> 00:32:40,120
Speaker 1: spending money wisely on things like this that hopefully I'll

729
00:32:40,160 --> 00:32:44,080
Speaker 1: never have to use. Thanks? Hey, Lauren, we are so

730
00:32:44,120 --> 00:32:46,479
Speaker 1: sorry for all that you've experienced this year. You know,

731
00:32:46,920 --> 00:32:48,440
Speaker 1: it makes a lot of sense that you're gonna wanna,

732
00:32:48,600 --> 00:32:50,640
Speaker 1: you know, take steps to be a little more prepared

733
00:32:51,080 --> 00:32:53,200
Speaker 1: when it comes to you know, maybe it's fleeing your

734
00:32:53,200 --> 00:32:55,800
Speaker 1: home or just being prepared for some of these natural disasters.

735
00:32:56,000 --> 00:32:58,600
Speaker 1: It's an important question to be asking because, yeah, like

736
00:32:58,600 --> 00:33:02,680
Speaker 1: emergency preparedness can become expensive, and it can become this

737
00:33:02,720 --> 00:33:06,640
Speaker 1: sort of never ending cascade of expenses if you decide to,

738
00:33:06,680 --> 00:33:08,440
Speaker 1: you know, go further down that rabbit hole. I know

739
00:33:08,520 --> 00:33:12,040
Speaker 1: that from personal experience with family members, they got maybe

740
00:33:12,120 --> 00:33:15,479
Speaker 1: a little into the prepping, uh lifestyle, and it can

741
00:33:15,520 --> 00:33:17,120
Speaker 1: be expensive to get to get into that in a

742
00:33:17,120 --> 00:33:20,160
Speaker 1: big way. That's true. We won't give details, but I

743
00:33:20,200 --> 00:33:23,200
Speaker 1: know what you're talking about. Uh. Yeah, there's actually visible

744
00:33:23,200 --> 00:33:25,880
Speaker 1: episode about bunkers not too long ago, where folks are

745
00:33:25,880 --> 00:33:28,760
Speaker 1: like building out missile silos and creating creating like these

746
00:33:29,000 --> 00:33:31,960
Speaker 1: you know, condos and like they're almost like resorts, but

747
00:33:32,000 --> 00:33:35,840
Speaker 1: they happen to be underground resorts for the end times exactly. Uh.

748
00:33:35,880 --> 00:33:38,680
Speaker 1: It's super fascinating. Yeah, folks can go overboard preparing for

749
00:33:38,720 --> 00:33:42,600
Speaker 1: something that's impossible to be prepared for so you know,

750
00:33:42,640 --> 00:33:46,200
Speaker 1: while it's wise to be prepared, to be prepped to

751
00:33:46,320 --> 00:33:50,080
Speaker 1: some degree, we would recommend that you just don't overdo it. Yeah, Matt,

752
00:33:50,200 --> 00:33:52,280
Speaker 1: I'm kind of I think I mentioned on the show before,

753
00:33:52,320 --> 00:33:56,520
Speaker 1: I'm like a verse to safety planning or safety in general,

754
00:33:56,560 --> 00:33:59,360
Speaker 1: like it just doesn't cross in of a planner. So

755
00:33:59,480 --> 00:34:01,160
Speaker 1: here the way that you and I are a little

756
00:34:01,160 --> 00:34:03,320
Speaker 1: bit different because I do think about like the worst

757
00:34:03,320 --> 00:34:05,800
Speaker 1: case scenarios and I'm like, okay, like I don't go crazy,

758
00:34:05,920 --> 00:34:07,760
Speaker 1: but I do want to make sure that I'm prepared. Yeah,

759
00:34:07,760 --> 00:34:09,919
Speaker 1: and I just assumed that everything is going to go well,

760
00:34:10,080 --> 00:34:12,160
Speaker 1: and so I don't plan for that kind of stuff,

761
00:34:12,160 --> 00:34:15,000
Speaker 1: and sometimes it frustrates my wife. But I feel like,

762
00:34:15,040 --> 00:34:18,759
Speaker 1: interestingly enough, COVID made me realize that prepping wasn't as

763
00:34:18,880 --> 00:34:21,279
Speaker 1: stupid of an idea as I previously thought. I feel like,

764
00:34:21,280 --> 00:34:23,840
Speaker 1: when grocery stores were out of stock on items like

765
00:34:23,880 --> 00:34:26,200
Speaker 1: toilet paper and eggs, it kind of made me think

766
00:34:26,200 --> 00:34:27,600
Speaker 1: that I should maybe be a little more prepared in

767
00:34:27,640 --> 00:34:29,279
Speaker 1: the future. You're like, those are my two favorite things.

768
00:34:30,960 --> 00:34:35,480
Speaker 1: If I can't get either exactly, and I think for

769
00:34:35,480 --> 00:34:37,319
Speaker 1: for a lot of folks that might mean that they

770
00:34:37,360 --> 00:34:39,400
Speaker 1: wanted to get a chicken coop and a handful of

771
00:34:39,440 --> 00:34:41,760
Speaker 1: chickens in their backyard, or maybe like you know, growing

772
00:34:41,760 --> 00:34:44,040
Speaker 1: a small plot of vegetables so that you would always

773
00:34:44,040 --> 00:34:46,120
Speaker 1: have something that you were making yourself, that you were

774
00:34:46,160 --> 00:34:48,439
Speaker 1: growing yourself, that you could you could eat, that could

775
00:34:48,480 --> 00:34:51,440
Speaker 1: sustain you. And being able to sustain yourself at least

776
00:34:51,480 --> 00:34:53,759
Speaker 1: to a small degree on your own land, I think

777
00:34:53,880 --> 00:34:56,400
Speaker 1: is admirable and helpful. Um And it's something that I

778
00:34:56,400 --> 00:34:59,600
Speaker 1: wouldn't have really given much credence to, given much thought to,

779
00:34:59,680 --> 00:35:02,160
Speaker 1: if it hadn't been for kind of what happened, you know,

780
00:35:02,200 --> 00:35:04,680
Speaker 1: in the in the wake of COVID with supply chain issues.

781
00:35:04,960 --> 00:35:07,040
Speaker 1: That's true, and so Lauren, you know, especially if you

782
00:35:07,040 --> 00:35:08,480
Speaker 1: live in a place like I mean, it sounds like

783
00:35:08,480 --> 00:35:10,239
Speaker 1: you do like you've had to you know, you've dealt

784
00:35:10,239 --> 00:35:12,840
Speaker 1: with wildfires, right, But if you're prone to a place

785
00:35:13,360 --> 00:35:16,560
Speaker 1: that has natural disasters like earthquakes or hurricanes, or maybe

786
00:35:16,600 --> 00:35:18,040
Speaker 1: you live in the Midwest, you know, where there's a

787
00:35:18,040 --> 00:35:20,960
Speaker 1: lot of tornadoes. For for other listeners out there, you

788
00:35:20,960 --> 00:35:23,880
Speaker 1: should definitely have some non perishables, uh, you know, at

789
00:35:23,920 --> 00:35:26,759
Speaker 1: the ready if something happens. It's also helpful to have

790
00:35:26,920 --> 00:35:30,160
Speaker 1: like flashlights, batteries, you know, blankets, first aid kits, things

791
00:35:30,200 --> 00:35:32,839
Speaker 1: like that. Obviously, it's good to always have, like bottled water.

792
00:35:32,920 --> 00:35:35,040
Speaker 1: We always have a bunch of bottled waters in the

793
00:35:35,040 --> 00:35:38,680
Speaker 1: back of our van. But it depends on your personal situation. Uh.

794
00:35:38,680 --> 00:35:40,360
Speaker 1: And Lauren, you know you mentioned to how you'll have

795
00:35:40,400 --> 00:35:43,359
Speaker 1: a new baby. You know, having kids definitely exposes you

796
00:35:43,400 --> 00:35:45,000
Speaker 1: and opens you up to a little bit more risk,

797
00:35:45,080 --> 00:35:47,640
Speaker 1: you know, like as a father of four, I'm realizing

798
00:35:47,680 --> 00:35:50,399
Speaker 1: that like day to day and I've kind of moved

799
00:35:50,400 --> 00:35:52,440
Speaker 1: into that direction as well, where like I've got a

800
00:35:52,480 --> 00:35:54,880
Speaker 1: bag now where I've got a first aid kit in there. Uh,

801
00:35:54,920 --> 00:35:57,200
Speaker 1: And I just keep little things because the kids get

802
00:35:57,280 --> 00:36:00,120
Speaker 1: hurt and they're bleeding and and oftentimes it's not major.

803
00:36:00,280 --> 00:36:03,120
Speaker 1: But depending on your situation and if you have dependence,

804
00:36:03,160 --> 00:36:05,640
Speaker 1: you know, if you've got a baby formula, these are

805
00:36:05,680 --> 00:36:07,400
Speaker 1: different things that you're gonna want to make sure you

806
00:36:07,440 --> 00:36:09,560
Speaker 1: have on hand to make sure that you're prepared in

807
00:36:09,640 --> 00:36:13,279
Speaker 1: case a situation like this arises. True. I think too, though, Matt,

808
00:36:13,280 --> 00:36:16,920
Speaker 1: we would say don't overspend out of fear, and like

809
00:36:17,040 --> 00:36:19,560
Speaker 1: you could opt for the one year stash of food

810
00:36:19,600 --> 00:36:22,080
Speaker 1: that has a thirty year shehelf life from Costco. Uh,

811
00:36:22,239 --> 00:36:24,360
Speaker 1: that's the thing. I think it's five thousand bucks. So

812
00:36:24,480 --> 00:36:28,080
Speaker 1: and seriously, so there's some people that, you know, some

813
00:36:28,080 --> 00:36:30,040
Speaker 1: people would maybe build their own root cellar and start

814
00:36:30,040 --> 00:36:31,799
Speaker 1: canning stuff and sticking it down there. Or you could

815
00:36:31,800 --> 00:36:34,000
Speaker 1: just go the easy button and get the five thousand

816
00:36:34,400 --> 00:36:38,200
Speaker 1: food from Costco. But you're not preparing for the zombie apocalypse,

817
00:36:38,239 --> 00:36:40,399
Speaker 1: so that would be overkill, right, although I will say

818
00:36:40,400 --> 00:36:43,120
Speaker 1: Costco has a pretty cool hundred dollar backpack that claims

819
00:36:43,160 --> 00:36:45,560
Speaker 1: to get you through seventy two hours, so a little

820
00:36:45,560 --> 00:36:49,200
Speaker 1: little bug out bag, right, Yeah, But but really you

821
00:36:49,239 --> 00:36:51,000
Speaker 1: can get a bunch of the things you might need

822
00:36:51,120 --> 00:36:54,080
Speaker 1: from the dollar store instead of even getting it from Costco.

823
00:36:54,800 --> 00:36:58,160
Speaker 1: FEMA recommends having supplies they're gonna last you three three days,

824
00:36:58,360 --> 00:37:00,799
Speaker 1: you know, other people would suggest seven in days. It's

825
00:37:00,840 --> 00:37:02,880
Speaker 1: helpful to have some cash on hand. To Matt, we

826
00:37:02,880 --> 00:37:05,040
Speaker 1: would say like maybe a couple hundred dollars or so

827
00:37:05,320 --> 00:37:08,000
Speaker 1: in different denominations. But the more you do research on this,

828
00:37:08,080 --> 00:37:10,160
Speaker 1: the more you might be tempted to continue spending and

829
00:37:10,160 --> 00:37:12,160
Speaker 1: to buy more and more stuff, and so set a limit.

830
00:37:12,200 --> 00:37:13,680
Speaker 1: Say I'm gonna get a three day supply or a

831
00:37:13,719 --> 00:37:16,279
Speaker 1: five day supply and create a list that's defined of

832
00:37:16,320 --> 00:37:18,480
Speaker 1: the things that you might need in a potential emergency,

833
00:37:18,560 --> 00:37:21,840
Speaker 1: and refuse to go beyond that because you can always

834
00:37:21,880 --> 00:37:24,920
Speaker 1: add more stuff and always spend more money. Also, too,

835
00:37:24,960 --> 00:37:27,160
Speaker 1: we would suggest going too Ready dot gov. They've got

836
00:37:27,160 --> 00:37:30,080
Speaker 1: some great information on emergency preparedness. But just know that

837
00:37:30,120 --> 00:37:32,120
Speaker 1: you don't have to break the bank in order to

838
00:37:32,239 --> 00:37:34,120
Speaker 1: have some peace of mind, and not just peace of mind,

839
00:37:34,120 --> 00:37:36,319
Speaker 1: but actual supplies. That's the ready in case something want

840
00:37:36,320 --> 00:37:37,719
Speaker 1: to happen. Yeah, that's right. We'll make you the link

841
00:37:37,760 --> 00:37:39,719
Speaker 1: to that page there at ready dot govn I'll link

842
00:37:39,760 --> 00:37:41,920
Speaker 1: to the UH I think I found that came across

843
00:37:41,920 --> 00:37:43,480
Speaker 1: this article when I was putting together my first aid

844
00:37:43,560 --> 00:37:45,440
Speaker 1: kit from like the Bump, which is like one of

845
00:37:45,440 --> 00:37:48,880
Speaker 1: those websites for you know, pregnant couples as they're kind

846
00:37:48,880 --> 00:37:50,759
Speaker 1: of going through the whole pregnancy thing. But they had

847
00:37:50,760 --> 00:37:53,160
Speaker 1: a good article up there for putting together a first

848
00:37:53,200 --> 00:37:54,920
Speaker 1: aid kit when you've got toddlers or you know, when

849
00:37:54,920 --> 00:37:56,879
Speaker 1: you have babies, that kind of thing. But I mean,

850
00:37:56,920 --> 00:37:58,719
Speaker 1: in the end, what Lauren's gonna have to do here

851
00:37:58,760 --> 00:38:00,880
Speaker 1: is like do a cost if an analysis, you know,

852
00:38:00,920 --> 00:38:02,400
Speaker 1: like she's gonna have to look at the money that

853
00:38:02,440 --> 00:38:05,080
Speaker 1: she has on hand. Uh, and you know, when does

854
00:38:05,120 --> 00:38:07,160
Speaker 1: it make sense to start paring back? Because if somebody

855
00:38:07,160 --> 00:38:09,200
Speaker 1: has the money on hand and they want to go

856
00:38:09,320 --> 00:38:11,440
Speaker 1: for seven days, go for thirty days, where the supplies,

857
00:38:11,880 --> 00:38:13,560
Speaker 1: I'm not necessarily going to be one to tell them

858
00:38:13,560 --> 00:38:15,720
Speaker 1: that they shouldn't do that. It depends on the amount

859
00:38:15,719 --> 00:38:17,359
Speaker 1: of peace of mind that it brings them and why

860
00:38:17,440 --> 00:38:19,360
Speaker 1: we don't want people living out of fear. At the

861
00:38:19,360 --> 00:38:21,520
Speaker 1: same time, if they're kind of into that, and there

862
00:38:21,520 --> 00:38:22,960
Speaker 1: a lot of people are, you know, like they're kind

863
00:38:22,960 --> 00:38:25,160
Speaker 1: of attracted to the idea of being you know, self

864
00:38:25,200 --> 00:38:27,600
Speaker 1: sufficient and have the ability to be off the grid

865
00:38:27,680 --> 00:38:30,160
Speaker 1: for a month. And if you're in a solid enough

866
00:38:30,239 --> 00:38:32,640
Speaker 1: financial position to be able to do that, then I say,

867
00:38:32,760 --> 00:38:34,560
Speaker 1: more power to you. But it just kind of depends

868
00:38:34,560 --> 00:38:38,040
Speaker 1: on the individual person. It comes down to, Yeah, your family, Yeah,

869
00:38:38,040 --> 00:38:40,640
Speaker 1: but that that fancy missile silo bunker might be over go.

870
00:38:40,880 --> 00:38:44,000
Speaker 1: You don't need that. You don't need that. Uh probably

871
00:38:44,320 --> 00:38:48,480
Speaker 1: maybe I don't. Yeah, maybe somebody does, But I don't

872
00:38:48,520 --> 00:38:51,239
Speaker 1: want that. Yeah, me neither. All right, Lauren, I hope

873
00:38:51,280 --> 00:38:53,200
Speaker 1: that helps best of luck to you as you're preparing

874
00:38:53,239 --> 00:38:55,640
Speaker 1: and hopefully you never have to use the stuff that

875
00:38:55,680 --> 00:38:57,680
Speaker 1: you buy. Right now, That's the other thing, and that's

876
00:38:57,680 --> 00:38:59,719
Speaker 1: what that's what makes it so difficult too, is she says,

877
00:38:59,719 --> 00:39:01,719
Speaker 1: hope it's not something we need. And in that sense,

878
00:39:01,719 --> 00:39:03,799
Speaker 1: it's a lot like insurance, you know, like it's like

879
00:39:04,080 --> 00:39:06,040
Speaker 1: life insurance. Right, Yes, it's like this is something I

880
00:39:06,040 --> 00:39:08,399
Speaker 1: am paying for. I hope we'd never have to use

881
00:39:08,400 --> 00:39:10,840
Speaker 1: it or use it anytime soon, but it's there just

882
00:39:10,880 --> 00:39:12,880
Speaker 1: in case. It's there for that peace of mind exactly,

883
00:39:13,080 --> 00:39:14,520
Speaker 1: all right. But I know a lot of our listeners

884
00:39:14,560 --> 00:39:16,120
Speaker 1: have had that question, like how much can you spend

885
00:39:16,120 --> 00:39:17,680
Speaker 1: on that? How much should you spend? And if you're

886
00:39:17,680 --> 00:39:19,399
Speaker 1: not careful, you can spend too much? All right, Matt,

887
00:39:19,440 --> 00:39:20,680
Speaker 1: Let's get back to the beer that we had on

888
00:39:20,719 --> 00:39:23,560
Speaker 1: this episode. This one is called Baked Goods. It's a

889
00:39:23,600 --> 00:39:26,600
Speaker 1: BlackBerry lemon cobbler sour given to us by the fine

890
00:39:26,600 --> 00:39:28,680
Speaker 1: folks over at Atlanta Brewing Company. What were your thoughts

891
00:39:28,680 --> 00:39:30,440
Speaker 1: on this beer? Man? It's really good, man. Yeah. When

892
00:39:30,440 --> 00:39:31,919
Speaker 1: we poured it, the first thing you notice is that,

893
00:39:32,000 --> 00:39:34,800
Speaker 1: you know, the beer is stained with the color of blueberries. Actually,

894
00:39:34,840 --> 00:39:37,440
Speaker 1: It's not purple or blue like the color of blueberry skins,

895
00:39:37,480 --> 00:39:40,160
Speaker 1: but it does have like that kind of pinkish orange

896
00:39:40,360 --> 00:39:42,600
Speaker 1: hue to it. But yeah, this is a really nicely

897
00:39:42,719 --> 00:39:46,879
Speaker 1: balanced beer, nice fruit, nice lemon, zest going on with

898
00:39:46,960 --> 00:39:49,279
Speaker 1: you know, some of that blueberry flavor as well. I

899
00:39:49,680 --> 00:39:52,239
Speaker 1: find myself drawn to some of the blueberry sours that

900
00:39:52,280 --> 00:39:55,040
Speaker 1: we've had on and and this one isn't an exception.

901
00:39:55,080 --> 00:39:56,800
Speaker 1: I like it, But yeah, what are your thoughts? So?

902
00:39:56,840 --> 00:39:58,560
Speaker 1: I feel like when it comes to dessert beers often

903
00:39:58,600 --> 00:40:01,560
Speaker 1: I'm a bit skeptical because sometimes there are too many

904
00:40:01,640 --> 00:40:04,880
Speaker 1: ingredients tossed in there, and especially because this was a

905
00:40:04,960 --> 00:40:08,759
Speaker 1: sour version of like a baked good. Oftentimes they're they're

906
00:40:08,800 --> 00:40:12,719
Speaker 1: stouts right with like pastry stouts or um or you know,

907
00:40:12,760 --> 00:40:15,279
Speaker 1: they got coconut and other kind of flavors infused into

908
00:40:15,320 --> 00:40:17,719
Speaker 1: a stout that's trying to taste like a baked good.

909
00:40:17,800 --> 00:40:19,719
Speaker 1: And I was like, a sour baked good. How how's

910
00:40:19,760 --> 00:40:22,040
Speaker 1: this gonna how's this one gonna pan out? But man,

911
00:40:22,080 --> 00:40:24,680
Speaker 1: I thought it was really really nice. The blueberry, the lemon,

912
00:40:24,840 --> 00:40:27,120
Speaker 1: the cobbler. You kind of got hints of every single

913
00:40:27,160 --> 00:40:29,200
Speaker 1: one of those notes so it actually kind of tasted

914
00:40:29,239 --> 00:40:31,760
Speaker 1: like that, and so this one was balanced and delicious

915
00:40:31,760 --> 00:40:35,160
Speaker 1: at the same time. Atlanta Brewing Company, especially their limited releases, man,

916
00:40:35,160 --> 00:40:37,480
Speaker 1: they've gotten really really solid. Yeah, definitely. Yeah. I think

917
00:40:37,520 --> 00:40:39,120
Speaker 1: what you maybe liked about this is that it wasn't

918
00:40:39,160 --> 00:40:41,319
Speaker 1: overly sweet, you know, and so like it was a

919
00:40:41,400 --> 00:40:43,360
Speaker 1: kind of a dessert beer, but it was a sour,

920
00:40:43,480 --> 00:40:45,799
Speaker 1: so it still had those flavors without being too heavy.

921
00:40:45,840 --> 00:40:47,960
Speaker 1: And like I personally thought it had a ton of

922
00:40:48,000 --> 00:40:51,120
Speaker 1: like that cobbler note going on, like on the tail end,

923
00:40:51,160 --> 00:40:54,239
Speaker 1: Like the aftertaste was like a really really chewy weediness

924
00:40:54,480 --> 00:40:56,120
Speaker 1: maybe feel like I was actually crunching down on the

925
00:40:56,360 --> 00:40:58,520
Speaker 1: on the pastry, you know, like like that's totally what

926
00:40:58,600 --> 00:41:00,319
Speaker 1: this beer left me with, you know, after kind of

927
00:41:00,440 --> 00:41:02,680
Speaker 1: after the initial tartness was gone. But yeah, I agreed,

928
00:41:02,920 --> 00:41:04,640
Speaker 1: very good beer, and um, I'm glad that you and

929
00:41:04,640 --> 00:41:06,160
Speaker 1: I have got to enjoy one of these on the

930
00:41:06,160 --> 00:41:08,279
Speaker 1: show today, no doubt. Well that's gonna do it for

931
00:41:08,400 --> 00:41:11,120
Speaker 1: this episode. For folks that want the show notes, including

932
00:41:11,120 --> 00:41:12,960
Speaker 1: a lot of the links that we mentioned, we'll have

933
00:41:13,120 --> 00:41:15,279
Speaker 1: those up on our website at how to money dot com.

934
00:41:15,440 --> 00:41:18,439
Speaker 1: That's right, and so Joel until next time. Best friends out,

935
00:41:18,480 --> 00:41:19,680
Speaker 1: best friends out,