WEBVTT - Friday Flight - Child Labor, Equifax’s Idiocy & Utility Bill Hacks #549 0:00:00.080 --> 0:00:03.279 Welcome to How the Money. I'm Joel and I am Matt. 0:00:03.360 --> 0:00:07.320 Yes he is, and today we're discussing child labor, equifaxes idiocy, 0:00:07.520 --> 0:00:29.160 and some utility bill hacks. So I kind of introduced 0:00:29.160 --> 0:00:31.520 myself kind of sounding like or and I don't want 0:00:31.520 --> 0:00:34.360 people to think I'm depressed. I just wasn't quite ready 0:00:34.400 --> 0:00:36.240 for you to hit record yet. Why are you so unhappy? 0:00:36.400 --> 0:00:38.080 My friend? Now I am ready. It took me a 0:00:38.120 --> 0:00:40.680 few seconds to kind of gather my thoughts. But now 0:00:40.720 --> 0:00:42.400 this is our Friday flight. We were talking about the 0:00:42.440 --> 0:00:45.400 stories that we came across this week, the stories that 0:00:45.440 --> 0:00:48.000 we think are going to pertain most to your personal finances. 0:00:48.479 --> 0:00:50.760 And uh, oh, by the way, let's before we forget, 0:00:50.840 --> 0:00:54.400 let's announce the winners from the How Do Money giveaway. 0:00:54.440 --> 0:00:57.200 These are folks who not only left us a review 0:00:57.200 --> 0:01:00.720 on Apple Podcasts or podcast Addict wherever it is that 0:01:00.760 --> 0:01:03.360 you listen, but you sent us an email because that 0:01:03.600 --> 0:01:07.000 is how you officially enter into the sock giveaway. Uh 0:01:07.040 --> 0:01:10.080 And we ran all of those names through the randomizer 0:01:10.160 --> 0:01:12.039 of everyone who reached out to us, and we've got 0:01:12.040 --> 0:01:16.360 five winners and they are Kindle m Matt w Amanda 0:01:16.400 --> 0:01:21.240 p and the handro s and Nate S. You are 0:01:21.280 --> 0:01:23.640 all sock winners and we will be reaching out to 0:01:23.720 --> 0:01:27.560 you for your mailing address to get those most beautiful 0:01:27.600 --> 0:01:30.120 socks on their way to your feet. There's some sexy socks. 0:01:30.160 --> 0:01:32.520 I'm not gonna lie, and they're gonna look good on 0:01:32.640 --> 0:01:34.840 all five of you, So yeah, I'll ship those out. 0:01:35.080 --> 0:01:37.800 I wish I had five pairs, you and I. We 0:01:37.800 --> 0:01:42.000 only have one pair? Right, how many do we order here? 0:01:42.040 --> 0:01:43.720 We don't want to be wasteful. We we ordered a 0:01:43.720 --> 0:01:45.400 bunch of them, but we're also we're kind of we're 0:01:45.440 --> 0:01:47.400 kind of frugal, and so I think we're like, Okay, 0:01:47.400 --> 0:01:48.600 you get a fair, I get a fair. You want 0:01:48.600 --> 0:01:50.520 to reserve them for mostly for listeners? Should we save 0:01:50.560 --> 0:01:52.560 them for Fridays? Is that when we should always wear 0:01:52.720 --> 0:01:55.240 our how To Money songs Friday? Like fun Friday stuff. 0:01:56.280 --> 0:01:58.720 But yeah, you folks can't expect to hear from us soon, 0:01:58.760 --> 0:02:01.120 and there will be other opportunity for everyone else out 0:02:01.160 --> 0:02:04.640 there to get a pair of custom performance crew how 0:02:04.640 --> 0:02:06.680 to Money socks. Right right before we get to kind 0:02:06.680 --> 0:02:09.800 of the Friday flight matt our listener David actually on 0:02:09.840 --> 0:02:12.280 the note of socks, sent us an email with a 0:02:12.400 --> 0:02:17.720 story from the Washington Post story. Yeah, Okay, this guy, 0:02:17.760 --> 0:02:20.840 this customer of Bass Pro shops, had been buying the 0:02:21.000 --> 0:02:24.480 socks that were guaranteed for life, and so he would 0:02:24.520 --> 0:02:27.000 return them on occasion when they got holes in them, 0:02:27.040 --> 0:02:30.120 and and they would replace them, no problem. But it 0:02:30.280 --> 0:02:33.480 sounds like the last time he went there, they said, okay, 0:02:33.520 --> 0:02:36.040 well now you're exchanging them for ones that have a 0:02:36.040 --> 0:02:39.640 a sixty day guarantee. No longer are they guaranteed for life, 0:02:39.880 --> 0:02:42.720 And so he is the complete doing They changed the sock, right, 0:02:42.760 --> 0:02:44.400 like the sock used to have a lifetime war two 0:02:44.480 --> 0:02:46.560 now the sock only it's the same sock. But they're 0:02:46.600 --> 0:02:48.320 just like, yeah, we're we're not going to guarantee it 0:02:48.320 --> 0:02:50.840 for life. And exactly, yeah, that's they're saying that this. 0:02:51.000 --> 0:02:52.480 We don't stand behind the product in the same way 0:02:52.520 --> 0:02:53.800 we used to. I guess what I'm saying is they 0:02:53.800 --> 0:02:57.200 weren't targeting him. There were no they were like, oh, dudes, 0:02:57.280 --> 0:02:59.720 coming in again, we're targeting everybody because stick it to him. 0:02:59.720 --> 0:03:01.400 They're like, we're losing too much any on these socks, 0:03:01.639 --> 0:03:04.560 and people like this customer are going to run it 0:03:04.600 --> 0:03:06.520 out of been of this. So, yeah, what's what's your 0:03:06.560 --> 0:03:08.200 thought on that? Is it frugally or cheap to file 0:03:08.320 --> 0:03:11.960 a lawsuit against Basscrow shops when they kind of reneg 0:03:12.040 --> 0:03:14.120 on their promise? Well for him to be upset about it, 0:03:14.200 --> 0:03:17.120 I think it's totally fine because I feel that way too. 0:03:17.280 --> 0:03:19.120 I've got a few pairs of I think I mentioned 0:03:19.160 --> 0:03:21.560 this last week, but darn tough. They've got lifetime warranties 0:03:21.600 --> 0:03:23.760 on their socks. And when I pay twenty dollars or 0:03:23.800 --> 0:03:26.000 maybe even a little bit more than twenty bucks, I 0:03:26.000 --> 0:03:28.040 am partly doing that because I want to be able 0:03:28.080 --> 0:03:30.760 to replace those socks down the road when they develop 0:03:30.800 --> 0:03:33.079 poles in them, and that's something that they advertise. Were 0:03:33.080 --> 0:03:35.440 they to change that, well, that's the whole that's the 0:03:35.440 --> 0:03:37.400 whole reason I bought the socks in the first place. 0:03:37.720 --> 0:03:39.840 In insurance policy is a big part of the product 0:03:39.880 --> 0:03:42.600 you're buying, exactly, and and similarly, that's how this guy felt. 0:03:42.640 --> 0:03:46.080 And so like, would I file a lawsuit? I mean 0:03:46.320 --> 0:03:48.560 probably not like I sound like a snarky email or 0:03:48.560 --> 0:03:52.200 something like that. I would probably do that. But I 0:03:52.240 --> 0:03:54.040 think it's frugal for that guy if he wants to 0:03:54.040 --> 0:03:55.880 do it. I'm happy that he's doing it, and I'm 0:03:55.880 --> 0:03:58.360 sure everybody else that has those socks are like, yeah, dude, 0:03:58.360 --> 0:04:00.520 because it's a class actually stand up for us lawsuit 0:04:00.600 --> 0:04:03.200 and they will. Hopefully I'll be able to participate in that. 0:04:03.360 --> 0:04:05.680 But I think this was a huge misstep on Bass 0:04:05.720 --> 0:04:08.960 Pro Shops. Party is bad press for them. Yeah, dude, 0:04:08.960 --> 0:04:12.240 they still could have treated the customers who maybe have 0:04:12.280 --> 0:04:16.520 already had those socks. Grandfather difficult to make create a 0:04:16.600 --> 0:04:18.520 database or something like. I don't know, there there are 0:04:18.560 --> 0:04:22.000 ways for them to figure this out, but moving forward, Okay, 0:04:22.040 --> 0:04:24.280 now these socks moving forward will only have sixty days. 0:04:24.320 --> 0:04:26.120 I think there's a way that they could have found 0:04:26.120 --> 0:04:28.479 ways to cut costs. Is obviously that's what they're doing 0:04:28.480 --> 0:04:32.159 while still keeping a happy customer. When you have these 0:04:32.200 --> 0:04:34.039 are loyal instead of going cold turkey and just like 0:04:34.160 --> 0:04:35.800 just chopping it off. Yeah, I feel like that's a 0:04:35.800 --> 0:04:38.240 loyal customer who says I'm buying your products because the 0:04:38.320 --> 0:04:40.919 guarantee and and yeah, you don't want a customer you 0:04:40.920 --> 0:04:42.839 want you don't want to upset the apple cart for 0:04:42.920 --> 0:04:45.599 something so small. Agreed, you can grandfather this guy in 0:04:45.680 --> 0:04:47.960 Bass Pro Shops do the right thing. Let's just let 0:04:48.000 --> 0:04:51.400 this guy have lifetime free free socks sending the right thing. Yeah, 0:04:51.440 --> 0:04:53.040 they're not doing the right Thing're gonna settle all right, 0:04:53.120 --> 0:04:56.080 Let's get to our Friday flight. And the first story 0:04:56.080 --> 0:04:59.359 has to do with with miking. Google Maps has a 0:04:59.400 --> 0:05:03.599 new biking feature, a feature to help people bike better, 0:05:03.920 --> 0:05:06.280 and so there's a lot of bees going on right now. Well, 0:05:06.279 --> 0:05:09.400 we always say that the biking is basically exercise and 0:05:09.480 --> 0:05:11.839 the ability to save money all wrapped up into one thing. 0:05:12.120 --> 0:05:15.960 Although sometimes finding the right route that avoids traffic and 0:05:16.120 --> 0:05:18.520 some of the nastier hills out there can be tough. 0:05:18.920 --> 0:05:21.120 So I think that holds a lot of people back 0:05:21.160 --> 0:05:24.039 from maybe hopping on their bike because they don't know 0:05:24.400 --> 0:05:26.560 what the safest route is to get to their destination, 0:05:26.880 --> 0:05:29.679 and they're worried that on their non ebike, let's say, 0:05:29.839 --> 0:05:32.160 they might encounter We used to have a hill when 0:05:32.160 --> 0:05:34.760 I was growing up called Big Bertha, and they're like, like, 0:05:34.800 --> 0:05:36.600 if I if I get on Big Bertha, man, I'm 0:05:36.600 --> 0:05:38.480 gonna be sweating too much and I might not be 0:05:38.480 --> 0:05:40.280 able to get But I gotta walk my bike up 0:05:40.320 --> 0:05:43.160 and that's just not fun. So Google's new update to 0:05:43.240 --> 0:05:46.120 Maps is making this this choice much easier. Pretty soon, 0:05:46.120 --> 0:05:49.440 you're gonna get even more granular data like the availability 0:05:49.600 --> 0:05:51.839 of like partial or full bike lanes on the path 0:05:51.880 --> 0:05:54.479 that you're going. You can see elevation changes on a 0:05:54.520 --> 0:05:57.440 particular street, and you can see how heavy the car 0:05:57.480 --> 0:05:59.680 traffic is likely to be on the streets you plan 0:05:59.760 --> 0:06:02.320 to use. So I think this is really cool. We 0:06:02.320 --> 0:06:03.839 want more people to get out there on their bikes, 0:06:03.880 --> 0:06:06.039 to save money and to get fitter and to just 0:06:06.160 --> 0:06:08.599 enjoy where they live a little bit more, and I 0:06:08.680 --> 0:06:10.560 like the Google is making it easier first to do that. 0:06:10.680 --> 0:06:12.520 So I actually checked because I was curious if that's 0:06:12.520 --> 0:06:15.600 already been implemented in our area. Um, and I saw that. 0:06:15.960 --> 0:06:18.279 So the street availability or you know, whether or not 0:06:18.279 --> 0:06:20.880 there's bike lanes that isn't up to date, but at 0:06:20.920 --> 0:06:24.120 the elevation is on there. And so personally, I've never 0:06:24.160 --> 0:06:26.200 looked much at it because I tend to just get 0:06:26.240 --> 0:06:29.640 on my bike and ride and figure it out. Basically 0:06:29.680 --> 0:06:31.800 a big birthday as like an additional channel like bring 0:06:31.800 --> 0:06:34.839 it on. I I dig that additional sweat. But you know, 0:06:34.839 --> 0:06:38.560 according to Google, we've seen increase in biking activity in 0:06:38.560 --> 0:06:40.320 the past few months, I'm sure that a lot, a 0:06:40.320 --> 0:06:42.360 lot of that does have to do with warmer temperatures 0:06:42.400 --> 0:06:43.960 as folks have been able to get outside. But I'm 0:06:43.960 --> 0:06:46.080 glad to see that folks are actually using those bikes 0:06:46.120 --> 0:06:51.080 that they bought during the pandemic. Unlike pelotons and other 0:06:51.080 --> 0:06:54.520 pandemic purchases, the stationary ones are have now become a 0:06:54.880 --> 0:06:56.800 place to put your laundry. At least you can hang 0:06:57.160 --> 0:06:59.720 that towel on your on your stationtoor bikes. So they 0:07:00.000 --> 0:07:02.040 got to get used, come on. Absolutely. So we talked 0:07:02.040 --> 0:07:04.880 about the recession chatter last week for a second, Well, 0:07:04.880 --> 0:07:08.159 it turns out that credit card companies they aren't worried 0:07:08.160 --> 0:07:11.480 about a recession. Uh, they are actually getting even more 0:07:11.560 --> 0:07:14.920 aggressive when it comes to acquiring new customers, and they're 0:07:14.960 --> 0:07:19.000 sending out solicitations like like candy. Basically, according to the 0:07:19.040 --> 0:07:21.680 Financial Times, there was a forty seven percent surge and 0:07:21.720 --> 0:07:25.520 paper and digital solicitations in Q one. Uh in Q 0:07:25.640 --> 0:07:27.760 two likely saw an even bigger increase. We just don't 0:07:27.800 --> 0:07:31.239 have those numbers yet, but sign up bonuses are getting 0:07:31.360 --> 0:07:34.280 richer on some cards in an effort to attract new 0:07:34.320 --> 0:07:37.000 customers as well. And so yeah, what what what? Should 0:07:37.040 --> 0:07:39.000 you do as a how to money listener. Well, we 0:07:39.040 --> 0:07:40.920 are totally cool with you getting a new card in 0:07:41.000 --> 0:07:44.080 order to snag a sign up bonus that's often gonna 0:07:44.120 --> 0:07:47.240 mean free money or like a boatload of free travel points. 0:07:47.240 --> 0:07:49.320 But we only want you to do that if it 0:07:49.360 --> 0:07:52.480 doesn't increase your overall spend amount, uh, and if you 0:07:52.520 --> 0:07:55.040 pay that puppy off on time and in full every 0:07:55.080 --> 0:07:56.920 single month. Yeah. So I just signed up for a 0:07:56.960 --> 0:07:59.600 new credit card mat in order to get the additional 0:07:59.600 --> 0:08:03.000 bonus because we gotta pay for the next semester of 0:08:03.040 --> 0:08:06.560 my wife's school and on the car exactly. It's like 0:08:06.600 --> 0:08:09.560 the perfect time because it's it'sn't that cheap graduate school. 0:08:09.760 --> 0:08:11.640 So when you can do that in one fell swoop, 0:08:11.720 --> 0:08:15.360 at least get yeah bucks, did you do the chase? No? 0:08:15.440 --> 0:08:19.480 I did the Capital one Venture card. So we'll link 0:08:19.480 --> 0:08:20.680 to that one in the show notes if you want, 0:08:20.800 --> 0:08:22.440 if you want to check it out. But this is 0:08:22.440 --> 0:08:24.440 the kind of thing where you can take advantage of 0:08:24.520 --> 0:08:27.560 that's something we're gonna we're gonna pay for anyway, right, 0:08:27.600 --> 0:08:29.800 But anyway you'd already say about the money, you know 0:08:29.840 --> 0:08:31.200 that you're gonna be able to pay that off. So 0:08:31.360 --> 0:08:33.360 like you're going you're you're going into this purchase without 0:08:33.400 --> 0:08:35.040 a plan. Yeah, you've got a plan, You're gonna pay 0:08:35.040 --> 0:08:36.000 it off. And I could have put it on one 0:08:36.040 --> 0:08:37.880 of the credit cards already had, But then I'm missing 0:08:37.880 --> 0:08:41.120 out on something like, you know, eight hundred bucks in 0:08:41.520 --> 0:08:44.800 free rewards, So why not get ten percent off basically 0:08:44.800 --> 0:08:46.800 on my life education. Oh and by the way, Matt, 0:08:46.840 --> 0:08:49.400 you mentioned just more and more solicitations coming in in 0:08:49.440 --> 0:08:52.319 people's mailboxes. If you're tired of getting that stuff, or 0:08:52.360 --> 0:08:53.640 if it attempts you to sign up for a card 0:08:53.679 --> 0:08:56.040 maybe that you don't need or want, just go to 0:08:56.360 --> 0:08:58.520 opt out prescreen dot com. We'll link to that in 0:08:58.520 --> 0:09:00.880 the show notes too. But that's the where you can say, 0:09:01.080 --> 0:09:03.240 don't send that stuff my way anymore, and the credit 0:09:03.280 --> 0:09:06.480 card companies will stop. And speaking of credit cards, a 0:09:06.520 --> 0:09:09.960 new credit cards dot Com survey shows that young folks 0:09:10.440 --> 0:09:13.760 are actually the worst tippers. And it said even if 0:09:13.760 --> 0:09:16.800 they make a solid income. Right, So it was funny 0:09:16.800 --> 0:09:19.600 to me that it wasn't just based on Okay, people 0:09:19.640 --> 0:09:21.880 that make less money don't tip as well, that's not 0:09:21.920 --> 0:09:25.000 what this survey found. And so specifically, uh, they're talking 0:09:25.000 --> 0:09:28.079 about millennials and Gen z ears, and you know, here 0:09:28.120 --> 0:09:29.880 we go again with everyone out there blaming us for 0:09:29.920 --> 0:09:31.800 all the wrong things in the world. But I guess 0:09:31.840 --> 0:09:33.520 I'm curious to know burning the world down with your 0:09:33.559 --> 0:09:36.280 avocado toast and and your inability to tip and your 0:09:36.280 --> 0:09:39.280 paltry tips. So yeah, what what's your what are your thoughts? 0:09:39.320 --> 0:09:41.560 Is there? Do we have some sort of moral obligation 0:09:41.640 --> 0:09:43.440 to tip? You know, we've talked about this. I feel 0:09:43.440 --> 0:09:46.120 like at every turn, more and more places we're getting 0:09:46.200 --> 0:09:49.079 asked to tip um. And there's like the little iPad 0:09:49.120 --> 0:09:51.200 that gets turned around, and even at the coffee shop 0:09:51.200 --> 0:09:53.400 it's like do you want to tip thirty fifty or 0:09:54.160 --> 0:09:57.079 on those ursas? Sometimes it's awkward, But so how do 0:09:57.120 --> 0:10:00.720 you think about It's interesting that like the breakdowncurs between 0:10:00.800 --> 0:10:05.000 like zoomers millennials and then Gen xers and baby boomers 0:10:05.040 --> 0:10:07.800 seem to be like more way more generous with her tips. 0:10:07.840 --> 0:10:10.080 And what's really interesting, if you think about it, is 0:10:10.200 --> 0:10:12.000 that is also where you see are just a massive 0:10:12.000 --> 0:10:14.400 divide when it comes to net worth, Like literally like 0:10:14.480 --> 0:10:18.439 zoomers don't even register unlike the percentage of net worth 0:10:18.480 --> 0:10:21.160 that they that they hold compared like millennials or something 0:10:21.200 --> 0:10:23.760 like six percent, and all the rest are older generations. 0:10:24.040 --> 0:10:25.439 And so what it seems like it's going on, or 0:10:25.559 --> 0:10:28.000 I don't know might be going on, is that there 0:10:28.280 --> 0:10:32.000 is what I would argue an inability to stomach bad 0:10:32.040 --> 0:10:35.000 service by younger generations. Right Like, So I'm not making 0:10:35.040 --> 0:10:37.760 an excuse saying that, hey, oh, you can start leaving 0:10:37.760 --> 0:10:39.440 a tip once you've built up a big net worth. 0:10:39.559 --> 0:10:42.000 What I'm saying is, I think when maybe when you 0:10:42.080 --> 0:10:44.280 have a lot of money in the bank, you've got 0:10:44.320 --> 0:10:47.640 a substantial net worth, when you are presented with poor service, 0:10:47.920 --> 0:10:51.079 that you're still okay tipping, almost like you're immune to 0:10:51.200 --> 0:10:54.120 bad service. Whereas if every dollar that you earn is 0:10:54.200 --> 0:10:56.720 incredibly valuable when you're younger, when you are a millennial, 0:10:56.720 --> 0:10:59.400 when you are a zoomer, and in those instances, I 0:10:59.440 --> 0:11:03.040 think it is okay to adjust your tip accordingly. And 0:11:03.080 --> 0:11:05.199 again I'm not saying that you should not tip at all. 0:11:05.240 --> 0:11:07.520 I still think there's maybe like that there should be 0:11:07.520 --> 0:11:10.480 a baseline, like I've never not tipped at least ten percent, 0:11:10.520 --> 0:11:12.439 Like I feel like, in my mind ten percent is 0:11:12.440 --> 0:11:14.760 like the new zero. Yeah, and tim percent for something 0:11:14.760 --> 0:11:17.080 like counter service I'm cool with. I guess it's just 0:11:17.200 --> 0:11:20.199 it can be frustrating to see like options for tipping 0:11:20.400 --> 0:11:24.360 at a counter service style place that exceed and that's 0:11:24.360 --> 0:11:27.920 like the basic ask and that feels unreasonable to me. Yeah, 0:11:28.160 --> 0:11:29.720 like I'm gonna go in there with a custom amount 0:11:29.800 --> 0:11:31.720 if if that's what you got up there on the screen, 0:11:31.920 --> 0:11:34.000 But in my mind, I don't know this. So this 0:11:34.040 --> 0:11:36.600 is a theory and proposing though that there is just 0:11:36.720 --> 0:11:40.280 more variance with tipping depending on the service that you 0:11:40.320 --> 0:11:43.120 are given, basically because I'm I'm happy to tip even 0:11:43.120 --> 0:11:46.040 more like I will tip if I've got if dude, 0:11:46.040 --> 0:11:48.839 if someone's like talks to us and engages and helps 0:11:48.880 --> 0:11:51.079 us to thoughtfully think about a menu or mix a 0:11:51.160 --> 0:11:53.760 recommendation on a type of beer, anytime that there's like 0:11:53.800 --> 0:11:57.679 really good beer talk going on, I'm such if they're like, oh, 0:11:57.720 --> 0:11:59.760 have you had this? And if we're talking through a 0:11:59.800 --> 0:12:03.760 beer menu, man, they are, well they're totally gonna get 0:12:05.200 --> 0:12:07.880 of when it comes to the tip line. Yeah. I 0:12:07.880 --> 0:12:09.880 think the other thing that people need to think about 0:12:10.000 --> 0:12:12.520 is if I can't afford to tip, should I be 0:12:12.559 --> 0:12:15.520 going out to eat? If you can't And you're like 0:12:15.760 --> 0:12:18.640 I can't be generous um with with the server, and 0:12:18.720 --> 0:12:20.720 I'm gonna have to basically give them a short shrift 0:12:20.880 --> 0:12:22.640 that you should probably stay home and not go out 0:12:22.640 --> 0:12:24.320 at all. Agreed. Yeah, I think that's just a part 0:12:24.320 --> 0:12:26.600 of that transaction. That's a part of what should be 0:12:26.640 --> 0:12:31.200 expected out of patrons. All right, let's talk about jobs. Uh, dude, 0:12:31.280 --> 0:12:34.000 is the Great Resignation even happening anymore? At this point? 0:12:34.000 --> 0:12:38.240 I feel it was. It was such every single headline. 0:12:38.760 --> 0:12:40.760 I'm not sure. I don't really care, honestly, But the 0:12:40.840 --> 0:12:44.080 reality is that a lot of folks who jumped to 0:12:44.160 --> 0:12:47.280 a new opportunity have been able to increase their pay 0:12:47.400 --> 0:12:50.280 in a seriously big way. And while you know the 0:12:50.360 --> 0:12:52.760 job market it's it's softening just a bit. It's a 0:12:52.880 --> 0:12:56.600 it's like less raging bonfire, maybe more piping hot solo stove. 0:12:56.920 --> 0:12:59.959 That's another pandemic reference for a lot of people got sold. 0:13:00.559 --> 0:13:03.400 Even still, folks that are still changing jobs in order 0:13:03.440 --> 0:13:06.319 to increase their incomes. Uh. And thanks to everyone's new 0:13:06.320 --> 0:13:10.000 pal inflation, real earnings for workers who stayed put at 0:13:10.040 --> 0:13:14.280 their current positions actually declined by one point seven percent. 0:13:14.760 --> 0:13:17.360 But workers who pieced out they saw an average real 0:13:17.400 --> 0:13:21.120 wage increase of nearly ten percent nine point seven. That 0:13:21.320 --> 0:13:23.839 is a healthy increase. And this is according to data 0:13:24.160 --> 0:13:27.600 from our our new besties over at Pew Research. And 0:13:27.640 --> 0:13:29.560 so we share this because we want to highlight that 0:13:29.760 --> 0:13:33.079 obviously money is not everything. Uh, And leaving a job 0:13:33.360 --> 0:13:35.360 just to make more money like that does not always 0:13:35.400 --> 0:13:37.760 make sense. There are a number of factors that you 0:13:37.760 --> 0:13:40.240 want to consider. But this is how the money, This 0:13:40.320 --> 0:13:41.960 is the show, and this is what we talk about 0:13:41.960 --> 0:13:44.959 in money is a meaningful part of that equation. Uh. 0:13:45.000 --> 0:13:46.679 And so a lot of listeners out there we think 0:13:46.679 --> 0:13:50.480 could still get a substantial pay bump by finding employment elsewhere. 0:13:50.600 --> 0:13:53.000 We want that to be something that you are considering, 0:13:53.040 --> 0:13:55.040 just like when when we talk about different expenses in 0:13:55.040 --> 0:13:56.959 our lives. We want you to question everything. And I 0:13:56.960 --> 0:13:59.720 think it's always worth questioning, well, is this a job 0:13:59.760 --> 0:14:01.040 that I want to stick with? Is this where I'm 0:14:01.040 --> 0:14:04.120 going to continue to have my my bread buttered? Yeah? 0:14:04.120 --> 0:14:06.480 And and just because the job market is softening a 0:14:06.480 --> 0:14:08.760 little bit doesn't mean you can't still jump ship and 0:14:08.800 --> 0:14:11.240 get a massive raise. That there's still a lot of 0:14:11.240 --> 0:14:14.080 opportunity out there, and Matt, it just there's a new 0:14:14.120 --> 0:14:16.640 York Times article this week on on the job market, 0:14:16.679 --> 0:14:18.880 but the job market for teens, so that's the child 0:14:18.960 --> 0:14:23.040 labor parneer are headlines today, but it actually it talked 0:14:23.080 --> 0:14:26.360 about how the best extracurricular activity for many high school 0:14:26.400 --> 0:14:31.280 students maybe getting a job. And I gotta say, I 0:14:31.320 --> 0:14:34.119 like where they're headed with this one, because I agree wholeheartedly. 0:14:34.560 --> 0:14:36.760 Of course, there are some teens right where they're in 0:14:36.800 --> 0:14:39.000 a situation that requires them to get a job to 0:14:39.040 --> 0:14:41.640 help their family out. They don't have the luxury necessarily 0:14:41.640 --> 0:14:44.680 to choose between getting a job and doing more school activities. 0:14:44.880 --> 0:14:47.920 But regardless of the reason why a teenager gets a job, 0:14:48.160 --> 0:14:50.160 there's just so many different lessons that kids can learn, 0:14:50.200 --> 0:14:53.040 we would say, working part time totally during those years 0:14:53.480 --> 0:14:56.760 that they're unlikely to learn in most classrooms at most schools. 0:14:57.320 --> 0:14:59.520 Uh man. I got my first job at fourteen. I 0:14:59.520 --> 0:15:00.840 mean I was working and before that, even in the 0:15:00.880 --> 0:15:03.160 neighborhood mowing lawns and stuff like that, probably from the 0:15:03.160 --> 0:15:05.120 age of twelve. But my first legit job at the 0:15:05.120 --> 0:15:06.920 age of fourteen, I was like eleven year old pool boy, 0:15:07.920 --> 0:15:11.240 could barely swim, Yeah, just kidding, next to clean your 0:15:11.280 --> 0:15:15.720 pool and yeah, so I think my my my first job, 0:15:15.720 --> 0:15:17.720 I was getting paid five dollars and fifteen cents an hour. 0:15:18.160 --> 0:15:19.920 But it was right across the street from my high school. 0:15:20.320 --> 0:15:22.440 Right when I got off of got out of school. 0:15:22.480 --> 0:15:25.200 I would go walking across the street and throw in 0:15:25.240 --> 0:15:27.440 the uniform work for a few hours. And this is 0:15:27.440 --> 0:15:29.480 one of those things I like, I learned so much. 0:15:29.720 --> 0:15:32.560 And I remember my manager her her go to phrase 0:15:32.720 --> 0:15:34.440 was if you had time to lean, you got time 0:15:34.480 --> 0:15:36.640 to clean. And so I thought I was taking a 0:15:36.680 --> 0:15:38.840 break in the classic line. She wasn't having it. And 0:15:39.200 --> 0:15:42.320 so I learned a lot about about responsibility really and 0:15:42.520 --> 0:15:45.760 kind of how to work with superiors and peers exactly 0:15:45.840 --> 0:15:48.160 during those days. And I'm sure she was probably just 0:15:48.240 --> 0:15:50.840 a fine boss, right, But like, I think that's one 0:15:50.840 --> 0:15:52.360 of the things that you learned when you do get 0:15:52.360 --> 0:15:53.920 a job at a young age. You learned how to 0:15:54.480 --> 0:15:56.640 what it takes to work under somebody maybe who isn't 0:15:56.680 --> 0:15:58.600 so great. A lot a lot of bosses out there 0:15:58.600 --> 0:16:00.320 are fantastic, but there are some are a lot of 0:16:00.320 --> 0:16:02.720 managers who aren't so great about working when you don't 0:16:02.720 --> 0:16:05.880 necessarily want to write because you're on the schedules. Yeah, 0:16:05.880 --> 0:16:07.960 you're on the schedule, and like you said, working with others, 0:16:07.960 --> 0:16:10.280 there's a certain amount of teamwork that comes into play 0:16:10.320 --> 0:16:13.120 with folks where it's like, man, you didn't choose these, 0:16:13.480 --> 0:16:15.520 Like these aren't teammates that you chose for a class project, 0:16:16.200 --> 0:16:18.640 you know, Like these aren't even folks who were taking 0:16:18.680 --> 0:16:20.960 the same class as you. Like who knows like the 0:16:21.000 --> 0:16:22.840 backgrounds of the folks that you're working with, but you 0:16:22.880 --> 0:16:25.040 still have to work together to get the job done. 0:16:25.080 --> 0:16:27.000 There's there's the type of learning that takes place within 0:16:27.080 --> 0:16:29.640 a like a workplace environment like that that's just so robust, 0:16:30.160 --> 0:16:32.360 like you said, like that does not happen within a 0:16:32.840 --> 0:16:35.160 within like a school setting. One of the most important 0:16:35.160 --> 0:16:37.560 things we're talking about inflation and wage inflation. There's been 0:16:37.600 --> 0:16:40.240 even more at that bottom end of the scale, and 0:16:40.280 --> 0:16:42.720 so teenagers can make like, like I said, my starting 0:16:42.720 --> 0:16:44.960 salary was five dollars fifteen cents. Now a lot of 0:16:44.960 --> 0:16:47.720 teenagers can get a job making something like fifteen, sixteen, 0:16:47.760 --> 0:16:51.360 seventeen dollars an hour pretty easily with you know, nothing 0:16:51.360 --> 0:16:54.040 on their resume. So that's just kind of another pointer 0:16:54.120 --> 0:16:55.960 in the right direction, like, oh, go cool, I can 0:16:55.960 --> 0:16:58.040 actually make some real money going out there and getting 0:16:58.040 --> 0:16:59.760 a part time job. Yeah, and I think there are 0:16:59.800 --> 0:17:01.560 a lot of parents who are you know, are they're 0:17:01.560 --> 0:17:03.040 a little worried because they're thinking, well, I want to 0:17:03.080 --> 0:17:05.199 make sure my kids are focusing on their grades, that 0:17:05.200 --> 0:17:06.680 they're able to get into the college that they want 0:17:06.680 --> 0:17:09.359 to get to get into. And we asked the question 0:17:09.480 --> 0:17:12.920 on our Wednesday episode, is college for dummies? And I 0:17:12.960 --> 0:17:16.840 think that desire over the past multiple decades of parents 0:17:17.119 --> 0:17:20.480 just shuttling their kids down that college path has led 0:17:20.560 --> 0:17:22.960 a lot of folks to not even consider an after 0:17:22.960 --> 0:17:25.560 school job because they are focusing on their But the 0:17:25.600 --> 0:17:27.920 fact is not everybody has cut out for college. And 0:17:27.960 --> 0:17:30.480 so what that means is that there's an entire, I 0:17:30.480 --> 0:17:33.440 don't know generation of of people right now who maybe 0:17:33.440 --> 0:17:34.840 didn't end up going to college, or if they did, 0:17:34.880 --> 0:17:38.040 didn't graduate, and they also missed out on the benefits 0:17:38.280 --> 0:17:40.679 on that sort of informal education of becoming a well 0:17:40.720 --> 0:17:43.359 arounded person. What they would have learned had they started 0:17:43.400 --> 0:17:47.280 working under a great manager or a fantastic boss at 0:17:47.320 --> 0:17:50.800 the age of fifteen, which are some incredibly formidable years. 0:17:50.840 --> 0:17:52.840 And even if your kid is going to college, it 0:17:52.880 --> 0:17:55.359 doesn't mean that some work history in high school isn't 0:17:55.359 --> 0:17:57.160 helpful to them because it is you're learning a lot 0:17:57.160 --> 0:17:59.320 of real life skills before you got to get into 0:17:59.320 --> 0:18:01.560 real life. And and I don't think you should necessarily 0:18:01.600 --> 0:18:03.520 be making your high school or work thirty hours a week, 0:18:03.680 --> 0:18:05.760 but I'm like, you know, eight to ten hours, like 0:18:05.920 --> 0:18:07.480 two three shifts. It can be. Yeah, it can be 0:18:07.480 --> 0:18:09.399 a nice balance. It can help them learn some skills, 0:18:09.480 --> 0:18:10.960