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Speaker 1: Welcome to out of Money. I'm Joel.

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Speaker 2: I am not.

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Speaker 1: Today we're talking education, visceration, bing pl burgers and torched Tesla's.

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Speaker 1: That's right, buddy, this is our Friday flight.

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Speaker 2: We're going to talk about the headlines. Then we came

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Speaker 2: across this week happy.

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Speaker 1: I'm really proud of my literation this week.

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Speaker 2: I thought I did an extra specially education evisceration in particular.

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Speaker 2: That's a good one. But uh, I wanted to say

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Speaker 2: happy spring and a happy pollen season because where we

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Speaker 2: are it is insane right now. We both went for

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Speaker 2: friends this morning. Does it impact you, like when you're

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Speaker 2: running in the pollen? Does it just get funneled into

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Speaker 2: your eyes and you come home and.

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Speaker 1: You just you struggle.

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Speaker 2: I don't. I dealing a lot more with pollen, which

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Speaker 2: hey a quick, frugal or cheap. I splur and paid

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Speaker 2: for a month membership at a car washh So you know.

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Speaker 1: The cars get super yellow? What does that cost? Fifteen

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Speaker 1: twenty bucks?

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Speaker 2: Twenty two dollars? Okay for the one that is literally

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Speaker 2: I basically drive through this parking lot anyway sometimes to

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Speaker 2: skip this light, literally just zoom through. Yeah, you're five

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Speaker 2: times a week? Why not, but thoughts, what do you

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Speaker 2: think frugal cheap? So normally that location they charge eleven

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Speaker 2: or twelve bucks per wash, so I figure you go

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Speaker 2: through that thing twice and it pays for itself. Man,

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Speaker 2: especially this time of year.

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Speaker 1: I dig it. I think this time of year, but

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Speaker 1: cancel the membership because I think most months you don't

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Speaker 1: need it, but in pollen season you need it more.

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Speaker 2: I I'm more than happy because it builds up and

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Speaker 2: it gets in the crevices, and then that pollen it

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Speaker 2: turns into like dirt and then it's caked on like

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Speaker 2: around with the door seals. You know what I'm talking about.

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Speaker 1: Oh yeah, that's where it gets supernest. For my family,

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Speaker 1: it's like an adventure too. Everybody fun, everybody loves going,

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Speaker 1: and it's the only time my kids are excited about cleaning.

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Speaker 1: If we go to the car wash, brainwashed on it

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Speaker 1: and then they're like, yeah, let's let's like spray it

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Speaker 1: down and clean it out and vacuum it and stuff.

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Speaker 1: So they enjoy that. It's a fun family activity. So

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Speaker 1: I think for that reason, we're more willing to go

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Speaker 1: to the car wash. I will say, though, the one

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Speaker 1: that we typically go to It used to be five

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Speaker 1: bucks for a wash, and they bumped up to nine yeah,

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Speaker 1: and I was like, that's a big steep price increase,

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Speaker 1: so I'm going a lot less. But now we're getting

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Speaker 1: in the season where maybe I have to be able

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Speaker 1: to play membership thing too.

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Speaker 2: I think it was strategic. I know exactly which one

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Speaker 2: you're talking about, because if you bump the price up

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Speaker 2: pretty close to the cost of the membership, they're more

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Speaker 2: likely to do it. And then folks who are thinking, well,

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Speaker 2: I'm not going to pay for I'm not going to

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Speaker 2: pay nine dollars for a single wash, but you're like,

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Speaker 2: but I will maybe go ahead and join, and then

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Speaker 2: they've got you on that subscribation model. That's what they

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Speaker 2: are after put it on the calendar. Of course it's online.

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Speaker 2: I'm going to make sure to cancel that.

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Speaker 1: Jont always put the cancelation date on your calendar so

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Speaker 1: you don't forget two days before it's supposed to.

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Speaker 2: Renew, right, Actually, yeah, I got it three days because

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Speaker 2: it's specifically in the fine prints something about three days.

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Speaker 2: And so I was like, all right, yeah, shoot, maybe

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Speaker 2: I'll just bump it up to four, you know, just

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Speaker 2: just to play it safe man, just in case, all right.

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Speaker 2: Right after we got done recording the Friday flight last week,

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Speaker 2: the President issued an executive order announcing the shutdown of

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Speaker 2: the Department of Education. And maybe actually that's not correct

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Speaker 2: because he can't shut it down. He can't eliminate a

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Speaker 2: federal agency, but he can essentially gut it make it

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Speaker 2: far less effective.

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Speaker 1: I feel like you and I were having to monitor

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Speaker 1: political realities like can the president do this or not?

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Speaker 1: And is there going to be a legal battle ensuing

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Speaker 1: because of this?

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Speaker 2: Exactly so, Congress would actually have to join him if

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Speaker 2: he wanted to eliminate that department completely. So for at

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Speaker 2: least for now, the Education Department retains oversight of student

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Speaker 2: loans and some of the other essential programs. But the

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Speaker 2: ultimate goal is to transfer student loans to the Small

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Speaker 2: Business Administration and to eliminate the strings attached to states

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Speaker 2: over how it is that they run education. Basically, the

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Speaker 2: funding would be offered in block grants directly to the

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Speaker 2: states instead of making it conditional. Is this a good thing, though,

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Speaker 2: that's the big question. It's hard to say at this point.

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Speaker 2: One concern is that special education it could lose out

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Speaker 2: on meaningful, necessary funds. But one thing is for sure,

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Speaker 2: education results in a country like hours it should not

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Speaker 2: be deteriorating the way that we have seen it's in

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Speaker 2: the recent years, recent decades.

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Speaker 1: Those test scores not good match.

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Speaker 2: And I'm not sure that the Department of Education that

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Speaker 2: it's you know, that's improved education in our country since

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Speaker 2: it's founding over the past several decades.

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Speaker 1: Yeah, I mean, the folks over at Reason magazine had

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Speaker 1: a headline that said invest in education, not the Department

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Speaker 1: of Education. It's a good headline, and I think that's

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Speaker 1: kind of the heart of what the Trump administration is

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Speaker 1: trying to get at here, although again in a legally

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Speaker 1: dubious way. Their argument though at Reason magazine, was basically

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Speaker 1: that more federal control hasn't produced better results, kind of

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Speaker 1: like you're insinuating, right, And in fact, we spend a

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Speaker 1: lot more at the state and federal level than we

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Speaker 1: do and did in decades past, So something like seventeen

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Speaker 1: thousand dollars is spent per student annually, and then at

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Speaker 1: the same time, test scores are just getting worse and worse.

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Speaker 1: We're like sixteenth in science, thirty fourth in math, like globally,

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Speaker 1: globally like it's it's not great when you think about

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Speaker 1: the richest nation on earth. That should not be the case.

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Speaker 1: And so we were just so much more internationally competitive

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Speaker 1: in nineteen seventies, and then you know, the lower performing

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Speaker 1: students suffer the most in this sort of environment, which

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Speaker 1: is tough to watch. And so there's just a lot

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Speaker 1: of details that haven't been fleshed out about this transition,

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Speaker 1: including the lawsuits against the Trump administration for attempting to

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Speaker 1: shut down the Education Department via an executive order. I

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Speaker 1: think as far as how to money, the how to

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Speaker 1: money audiences concerned map if student loans do get transferred

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Speaker 1: to the SBA, there could be service issues there have

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Speaker 1: already just I mean, the student loan issues are mouthing.

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Speaker 1: We're going to bring someone on soon to talk about

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Speaker 1: what's going on with student loans, because it is it

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Speaker 1: is a kerfuffle, to say the least. And if you

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Speaker 1: have student loans right now, I'm sure you're worried in

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Speaker 1: many peace and many people have gotten massive payment hikes

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Speaker 1: recently too that they don't know what to do, they're

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Speaker 1: not sporth to do with that.

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Speaker 2: Well, there's been a lot of angst about the inability

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Speaker 2: to recertify family income and family size on the Department

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Speaker 2: of Education website. So some folks have gone past their

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Speaker 2: deadline through no fault of their own. So this is

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Speaker 2: some good news here. Late last week, the Education Department

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Speaker 2: issued in order to pause recertification until February of next year.

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Speaker 2: So this is good news for a whole lot of folks,

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Speaker 2: and it will keep many from experiencing a shock in

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Speaker 2: the required monthly payment as they regarding the data that

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Speaker 2: goes into the formula that decides what it is that

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Speaker 2: you owe.

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Speaker 1: Yeah, I think the tough part is it feels like, oh,

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Speaker 1: we want to make this change, but we don't have

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Speaker 1: a plan for what happens in the interim, and we

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Speaker 1: don't really actually know where we're headed either, and so

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Speaker 1: there's just a lot of ambiguity when it comes to

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Speaker 1: the future of student loans and even people who currently

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Speaker 1: have student loans right now, which is a frustrating place

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Speaker 1: to be. And I'm sure you and I will be

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Speaker 1: talking about this Education Department shut down and the impacts

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Speaker 1: of that for months to come.

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Speaker 2: Totally, and I will say a quick note on public

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Speaker 2: funding of public education. We are totally fans of public education,

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Speaker 2: like all of our kids go to public schools. Don't know,

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Speaker 2: we don't do private schools.

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Speaker 1: You can tell we're dummies. We graduate from public schools ourselves.

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Speaker 2: But how it is that you fund schools it matters

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Speaker 2: a lot, And I think that's the biggest argument that

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Speaker 2: the more you're able to decentralize this funding. It's not

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Speaker 2: that we're looking that we're proponents of cutting funding, no,

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Speaker 2: but how you fund the schools, the ability for that

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Speaker 2: funding to follow individual students. Right, So school choice, backpack funding,

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Speaker 2: where the dollars follow where the kids are actually going,

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Speaker 2: promotes competition, which what do we see in free markets?

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Speaker 2: When we have competition, it leads to better results. Not

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Speaker 2: to mention the access that families have to a higher

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Speaker 2: level of education or a different type of education where

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Speaker 2: there aren't massive barriers like making sure you live in

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Speaker 2: the right zip code, where houses just across that zip

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Speaker 2: code line are significantly more expensive due to the school

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Speaker 2: districts and how they're drawn up.

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Speaker 1: If you're thinking, oh, man, I wish my kid didn't

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Speaker 1: have to take so many tests mandatory tests in school,

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Speaker 1: well that's that's often a federal mandate too, required by

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Speaker 1: the states in the school districts to test your kid

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Speaker 1: a certain amount in order to receive the funding that

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Speaker 1: they that they want. Matt Frontier did a little clap

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Speaker 1: back to Southwest. Did you see that clap back?

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Speaker 2: I hate that term.

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Speaker 1: Oh sorry, I'm using it.

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Speaker 2: No, I did see the I saw.

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Speaker 1: I think this is awesome.

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Speaker 2: Do you think do you think it's silly, silly in

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Speaker 2: fun or is it stupid and dumb?

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Speaker 1: I think it's I think it's silly and fun and

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Speaker 1: potentially a boon for consumers because basically what they said,

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Speaker 1: you know, we talked about this.

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Speaker 2: It's a told on the show. It's a total Frontier

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Speaker 2: troll moves.

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Speaker 1: Yes, it's a troll move. That's exactly what it is.

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Speaker 1: And so Southwest basically says, hey, we're gonna we're gonna

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Speaker 1: start charging for check bags, and then Frontier says, hey,

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Speaker 1: we're gonna go the south the former Southwester out and

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Speaker 1: we're not going to charge people to check bags when

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Speaker 1: they fly for a Frontier at least in the coming months.

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Speaker 1: And what they put in the pressure release, I don't

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Speaker 1: know if you read that far, but they said, hey,

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Speaker 1: this might stay permanent if you guys like it. Let

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Speaker 1: us know. And so I think this is brilliant because

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Speaker 1: this was Southwest calling card. It was the one thing

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Speaker 1: that made them stand out. And if Frontier front takes

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Speaker 1: that mantle, they're there to scoop.

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Speaker 2: Up the scoop up.

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Speaker 1: Yeah, what's crazy?

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Speaker 2: In the press relief, did you notice the number of

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Speaker 2: times they use the word love so many?

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Speaker 1: It's just a Southwest model.

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Speaker 2: That's they're like literally the Southwest heart right, and they

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Speaker 2: literally included amazing the I guess the CEO of Frontiers

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Speaker 2: even said the line We've always had heart. It's a

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Speaker 2: total troll movie.

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Speaker 1: But you got to capitalize, like when your competitor makes

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Speaker 1: a misstep, which Southwest really might have done here. Yeah,

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Speaker 1: that's true. That is what Frontier is doing, and they

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Speaker 1: could I think they could really draw customers from from

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Speaker 1: Southwest to say, yeah, well actually that was something I prioritize.

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Speaker 1: I'm going to jump over to Frontier and check out

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Speaker 1: their check out their airline because I have to pay

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Speaker 1: for my bags for the time being in maybe just

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Speaker 1: maybe forever.

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Speaker 2: We'll see if it sticks around. Let's talk about food

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Speaker 2: delivery because door Dash announced last week that you can

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Speaker 2: split payments for or your twelve dollars fast food order

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Speaker 2: into bite sized amounts via Klarna.

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Speaker 1: I like the bite size.

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Speaker 2: Yeah. It so not only can you pay in four

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Speaker 2: which means you can you know, you can pay like

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Speaker 2: three dollars a month over the course of four months,

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Speaker 2: but you can also opt to pay later when you're

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Speaker 2: kicking the cannon down the road, when it's gonna be

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Speaker 2: more convenient for you. Joel, you don't have to pay

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Speaker 2: for this now, pay for it later.

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Speaker 1: You also sad twelve dollars burger, which I think if

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Speaker 1: you go to rustaurant, you're get a burger for twelve dollars,

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Speaker 1: but if you're gonna get delivered, think about all the

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Speaker 1: extra fees and stuff like that.

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Speaker 2: Eighteen dollars.

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Speaker 1: Yeah, honest.

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Speaker 2: A lot of folks take this option, though, and then

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Speaker 2: they pay the Klarna fees for the pleasure of waiting

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Speaker 2: even longer to pay. We don't use these apps, but

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Speaker 2: evidently this was already possible on grub hub. I did

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Speaker 2: not realize that. And the corporate line is total trash man.

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Speaker 2: They say that we're we're making convenience even more accessible

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Speaker 2: for millions, and it sounds like they're being so kind.

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Speaker 2: This is garbage man. And it's honestly ridiculous that anyone

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Speaker 2: would need to pay for a meal via installments because

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Speaker 2: if you, I feel like such a traditional here, but

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Speaker 2: if you can't afford the full price of the meal,

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Speaker 2: you should be paying for it in cash. You can't

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Speaker 2: afford to pay later either.

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Speaker 1: Typically you're ordering from a smartphone or a computer, which means.

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Speaker 2: That in and of itself tells you something about right,

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Speaker 2: but what you should be able to do?

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Speaker 1: You have the money to afford something unless you paid

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Speaker 1: for that and installments to which which possibly But to me, yeah,

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Speaker 1: this feels perpetual cycle. Yeah, it feels like the culmination,

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Speaker 1: but it might not be Like what else can you

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Speaker 1: buy now? Pay later? We will find out, I guess

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Speaker 1: in the coming months. But yeah, I don't want to

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Speaker 1: sound unsympathetic, but cook it home or don't don't order

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Speaker 1: something if you if you really can't afford to pay

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Speaker 1: the price for it. And every time we make the

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Speaker 1: reality of paying for something more opaque, or we reduce

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Speaker 1: the friction involved, we're more likely to use that service

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Speaker 1: because we like to not feel the pain of the purchase.

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Speaker 1: But ultimately the pain comes later down the road. If

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Speaker 1: you're paying for convenience with money you actually have in

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Speaker 1: your bank account, do your thing. But if you're paying

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Speaker 1: more for convenience with money you don't have, that is

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Speaker 1: another thing. And yeah, it feels dystopian.

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Speaker 2: Man.

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Speaker 1: I love a good dystopian TV show or book, and.

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Speaker 2: When it starts becoming real life again, it feels so

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Speaker 2: fundamentalist for us to be like cook more at home,

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Speaker 2: like we're I feel like we're becoming the ultimate like

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Speaker 2: trad dads, which I'm not even sure if that's the term,

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Speaker 2: but if it's not, it should be. There's no way

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Speaker 2: it's not a term. Though. I'm gonna mention this. Did

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Speaker 2: you see the article about folks opting to throw their

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Speaker 2: leftovers away or they're not even taking their to go

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Speaker 2: boxes home and dotty bags? And I imagined your tears

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Speaker 2: as you read that article, especially, I mean the picture

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Speaker 2: in the article too. It's like, you get the takeout

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Speaker 2: or not the takeout, you get the to go a bag,

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Speaker 2: and then it's like, oh, folks just kind of leave

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Speaker 2: it there because I don't know, maybe it doesn't seem

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Speaker 2: cool to take the leftover food. I totally hate that. Americans. Yes,

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Speaker 2: they're used to these giant portions, which means eating an

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Speaker 2: entire restaurant meal is ill advised. But don't toss out

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Speaker 2: what you can't eat, take that junk home, ethos extras

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Speaker 2: for lunch instead, monopolize those leftovers. We're collectively eating up more.

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Speaker 2: We're ordering food. You know that we don't cook on

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Speaker 2: the rag, but normalizing that is causing a financial pinch

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Speaker 2: for many. But then on top of that, it's like

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Speaker 2: coals on top of you know, keeping coals on. Someone

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Speaker 2: said here, tossing out the extras, and then look, you

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Speaker 2: go to work, and then you end up going out again.

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Speaker 2: It's just again, it feels like this perpetual cycle of

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Speaker 2: ill conceived, poor financial decisions that more Americans are making.

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Speaker 1: It's funny how much we highlight the reality of inflation

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Speaker 1: at the grocery store, and deservedly so. I mean, it's

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Speaker 1: it's been a problem. And egg prices, for instance, like

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Speaker 1: I get frustrated to paying you ten dollars essentially for

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Speaker 1: eighteen eggs at Costco.

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Speaker 2: Now the prices are coming down. Yeah, I don't know

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Speaker 2: if you've noticed they are.

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Speaker 1: They're starting to come down with all those is it

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Speaker 1: pults or pullets pullets.

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Speaker 2: Yeah, yeah, I know, arriving to egg laying age. Yeah,

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Speaker 2: which is just like we talked about a couple of

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Speaker 2: months ago, hanging their foots. This doesn't last forever.

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Speaker 1: But what we never highlight, it seems, are the ways

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Speaker 1: which were like our own worst enemy when it comes

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Speaker 1: to food inflation. And part of that we talk about

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Speaker 1: buying store brands stuff like that, but we never talk

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Speaker 1: about or rarely talk about food waste. And like, when

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Speaker 1: you look at the bottom line, that's one of the

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Speaker 1: number one contributors to our food budget is essentially we're

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Speaker 1: buying so much stuff that actually gets tossed in the trash.

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Speaker 1: And if we were just hate food waste, Yeah, if

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Speaker 1: we were a little more thoughtful about eating our leftovers,

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Speaker 1: and if we were a little more a little better

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Speaker 1: at meal planning so that we bought the appropriate stuff

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Speaker 1: that we weren't just like buying stuff randomly and then

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Speaker 1: trying to create a meal in the back end, we

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Speaker 1: would find that I think there would be less food

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Speaker 1: waste and our food budgets would remain a little more intact.

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Speaker 1: So part of it's the grub hub orders and the

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Speaker 1: buy now pay laters and all that kind of stuff.

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Speaker 1: Part of it's literally just buying more than we need

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Speaker 1: and then that stuff getting thrown away and not eating

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Speaker 1: your leftovers is part of that.

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Speaker 2: I hate it, man, But we've got more to get

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Speaker 2: to here. On the Friday flight, we're gonna we will

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Speaker 2: get to the Torch Tesla's story and what that means

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Speaker 2: for you, even if you don't own a Tesla though.

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Speaker 2: That more right after this.

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Speaker 1: All right, man, we got more money stuff we gotta

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Speaker 1: get to, including let's talk about the twenty five percent

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Speaker 1: auto tariffs in just a second. They're supposedly coming down

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Speaker 1: the pike. We'll get to that in a minute. But

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Speaker 1: now let's get to the lucros headline of the week.

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Speaker 1: This one comes from the Free Press, and the headline reads,

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Speaker 1: the World Happiness Report is a sham And did you

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Speaker 1: see that come out this week? And all the headlines

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Speaker 1: around I did, I did, and I was I don't

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Speaker 1: really care about this stuff much, but this article was

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Speaker 1: super fascinating because it was basically saying, hey, this World

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Speaker 1: Happiness Report is complete bunk, and they talked about the

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Speaker 1: methodology behind it. I think it's worth covering here largely

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Speaker 1: because of like the how much news coverage you got.

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Speaker 1: But the Scandinavian countries, of course, we're again at the

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Speaker 1: top of the heap. Finland topped the list for the

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Speaker 1: third year in a row. I am of Norwegians descent,

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Speaker 1: so I like to believe that my people are happier,

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Speaker 1: but I don't know that that's actually true. So the

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Speaker 1: US moved down the list. We now said it twenty

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Speaker 1: fourth in world happiness, which, yeah, it perpetuates. I think

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Speaker 1: a stereotype, both negatively of US and positively of some

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Speaker 1: of those Scandinavian countries. But this Free Press author dug

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Speaker 1: into the methodology to see what was going on behind

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Speaker 1: the scenes, like why is this happening? And he found

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Speaker 1: that there was essentially zero sophistication to this survey, that

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Speaker 1: the sample size is tiny, and it's one single, poorly

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Speaker 1: worded question is used in an attempt to determine how

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Speaker 1: happy people are in a given country. You should read

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Speaker 1: the piece for full details. We'll link to it in

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Speaker 1: the show notes.

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Speaker 2: It does not seem very robust, No, like that's that's

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Speaker 2: what we're to say the least.

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Speaker 1: But so if I say to say, I think our

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Speaker 1: conceptions of Scandinavia, maybe aren't the same as reality. And

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Speaker 1: you know, when we think, oh, they're so much happier

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Speaker 1: than we are, I think it creates this comparison game,

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Speaker 1: and I think a deeper dive would probably reveal a

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Speaker 1: much smaller disparity.

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Speaker 2: Yeah, I think a more specific assessment and would deliver

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Speaker 2: perhaps different results that might not fit the preconceived notions

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Speaker 2: that we already hold. So we're kind of like stepping

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Speaker 2: up to the plate for America here for a second,

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Speaker 2: is what we're doing in this report. It just gets

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Speaker 2: so much press without having much rigor behind it. That

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Speaker 2: being said, it's probably worth discussing though, the relationship between

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Speaker 2: money and happiness for a second, because inhabitants of richer countries, well,

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Speaker 2: they do tend to express higher levels of happiness than

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Speaker 2: folks in poor countries. However, there are loads of unhappy

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Speaker 2: rich folks, and there's also a slew of really happy

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Speaker 2: non wealthy people, and vice versa growing national wealth, it

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Speaker 2: doesn't necessarily mean that the happiness line is just going

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Speaker 2: to go up into the right. How wealth actually impacts

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Speaker 2: happiness is really hard to pin down. I think, if

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Speaker 2: you want our review in a nutshell, I think having

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Speaker 2: more money it can buy you more freedom.

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Speaker 1: We're all about.

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Speaker 2: Talking about financial independence and optionality. It allows you to

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Speaker 2: be more generous as well, but it's not.

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Speaker 1: Talked about with Derek recently on the show say yeah,

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Speaker 1: how much happiness that kid?

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Speaker 2: How much good can you do? You? Yeah, with that money.

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Speaker 2: But it's not going to change the core of who

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Speaker 2: you already are. It's more of an amplifier of the

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Speaker 2: things that you already believe. So that being said, if

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Speaker 2: you think you're going to be happier when you double

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Speaker 2: your income or when you double your net worth, I

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Speaker 2: think this is highly unlikely. It doesn't mean that these

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Speaker 2: aren't good goals to have, but just don't pursue them

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Speaker 2: to the exclusion of the real things that truly produce happiness.

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Speaker 2: And one key insight from the World Happiness Report that

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Speaker 2: I can totally one percent get behind man. Here's a quote.

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Speaker 2: Those who share more meals with others report significantly higher

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Speaker 2: levels of life satisfaction. This is true across ages, genders, countries, cultures,

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Speaker 2: and regions, which oh my gosh, yes, like what it

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Speaker 2: is that we spend our money on, that's what matters, right,

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Speaker 2: You continue to spend your money on cheap crap from

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Speaker 2: the internet that you're that's going to end up in

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Speaker 2: the trash. Yeah, no, wonder you aren't happy that that

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Speaker 2: is not leading to higher levels of happiness. But when

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Speaker 2: you spend your money on things that provide more community,

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Speaker 2: for instance, like you know, we come down hard on

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Speaker 2: going out to eat, but let's say you're going out

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Speaker 2: to eat with some friends, or you're meeting up for drinks,

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Speaker 2: or you're even just getting coffee. That's even more affordable.

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Speaker 2: Things that enrich community, joining us social club or going

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Speaker 2: on a vacation together. We were just old talking last

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Speaker 2: night with a friend of ours who is going on

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Speaker 2: vacation with another couple. So pump for them. I'm like,

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Speaker 2: you've got to go on this, don't. They're a little

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Speaker 2: worried about the kids and how they're gonna feel about

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Speaker 2: them leaving, you know, just anxiety things like that. But like,

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Speaker 2: those are great things to spend money on. And it

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Speaker 2: totally aligns too with the Harvard Happiness Study. Eighty five

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Speaker 2: years of data points to the fact that the number

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Speaker 2: one factor that leads to higher levels of happiness in

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Speaker 2: these in these individuals that they've been studying, and they've

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Speaker 2: expanded this out to also their families, so it's not

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Speaker 2: just these original guys. Are the friendships that they're able

437
00:19:51,840 --> 00:19:54,200
Speaker 2: to have and maintain. So keep that in mind.

438
00:19:54,280 --> 00:19:55,639
Speaker 1: Yeah, it could be going out to eat, but it

439
00:19:55,680 --> 00:19:57,159
Speaker 1: could just be inviting someone over to your house for

440
00:19:57,160 --> 00:19:59,080
Speaker 1: a meal. That's a whole lot cheaper to cook. Yeah,

441
00:19:59,080 --> 00:20:01,560
Speaker 1: even if you're cooking for someone else, or a hike,

442
00:20:01,640 --> 00:20:04,080
Speaker 1: a walk, I mean, those kinds of things are It

443
00:20:04,119 --> 00:20:07,800
Speaker 1: can be so basic, but yeah, it's amazing how connection

444
00:20:07,880 --> 00:20:10,320
Speaker 1: with others. There's even a Vox article I read this week, Matt,

445
00:20:10,359 --> 00:20:15,240
Speaker 1: about how introverts should force themselves to become extroverts a

446
00:20:15,240 --> 00:20:17,879
Speaker 1: little more frequently because it's gonna it's gonna increase their

447
00:20:17,880 --> 00:20:20,840
Speaker 1: happiness levels. Like they're maybe a little anxious about it

448
00:20:20,880 --> 00:20:23,840
Speaker 1: on the front end, but after afterwards, they do report

449
00:20:23,880 --> 00:20:27,080
Speaker 1: higher levels of happiness. I believe it because relational connection.

450
00:20:27,560 --> 00:20:31,040
Speaker 1: It's it's the secret sauce behind happiness so important. Not

451
00:20:31,040 --> 00:20:33,560
Speaker 1: that money doesn't play a role, but I think it's

452
00:20:33,600 --> 00:20:36,760
Speaker 1: its role is a little overstated. Let's talk about cars

453
00:20:36,760 --> 00:20:39,720
Speaker 1: for a second, Matt, uh and car insurance as well,

454
00:20:39,760 --> 00:20:43,680
Speaker 1: because analysts in the insurance space their warning that insurance

455
00:20:43,720 --> 00:20:47,280
Speaker 1: costs are about to rise. Obviously that's already happening, but

456
00:20:47,400 --> 00:20:50,760
Speaker 1: we're not just talking about general inflation related price hikes.

457
00:20:50,800 --> 00:20:53,879
Speaker 1: That is something that we've seen. Anybody who owns a

458
00:20:53,920 --> 00:20:56,560
Speaker 1: home or a car has gotten to notice from their

459
00:20:56,600 --> 00:20:59,639
Speaker 1: insurance company and they're like, ex that's expensive. Well, Tesla

460
00:20:59,680 --> 00:21:03,720
Speaker 1: owners specifically will be paying more because of the vandalism

461
00:21:03,960 --> 00:21:07,800
Speaker 1: that's been happening at Tesla dealerships and Tesla cars across

462
00:21:07,800 --> 00:21:11,040
Speaker 1: the country, just to individual owners. I heard someone Matt

463
00:21:11,080 --> 00:21:14,240
Speaker 1: recently talk say that they got stopped by someone and

464
00:21:14,280 --> 00:21:16,239
Speaker 1: they were like knocked on the window. He rolled down

465
00:21:16,280 --> 00:21:17,720
Speaker 1: the window and they're like, you need to get rid

466
00:21:17,760 --> 00:21:19,920
Speaker 1: of that car man, like in like a threatening way,

467
00:21:19,960 --> 00:21:24,320
Speaker 1: which is just kind of difficult to imagine someone you

468
00:21:24,320 --> 00:21:27,239
Speaker 1: don't know doing that to you. Elon musk Horse has

469
00:21:27,240 --> 00:21:30,480
Speaker 1: not made himself a subject of empathy in this country.

470
00:21:30,560 --> 00:21:33,919
Speaker 1: Quite the opposite. I think his seeming neglect of his

471
00:21:33,960 --> 00:21:37,720
Speaker 1: company too. It's led to a massive decline in market value.

472
00:21:38,080 --> 00:21:41,400
Speaker 1: And then other electric car manufacturers, like BYD in China,

473
00:21:41,440 --> 00:21:45,840
Speaker 1: they're announcing amazing innovations and it just seems like Elon's

474
00:21:45,840 --> 00:21:47,400
Speaker 1: taking his eye off the ball. A little bit here.

475
00:21:48,160 --> 00:21:51,520
Speaker 1: I think what BYD says they can charge their evs

476
00:21:51,560 --> 00:21:53,800
Speaker 1: in five minutes now, which is insane, But.

477
00:21:54,320 --> 00:21:56,119
Speaker 2: Five minutes gets you two hundred and fifty miles.

478
00:21:56,240 --> 00:21:58,960
Speaker 1: Yeah, that's crazy. Yeah, but like that in the US, Yeah,

479
00:21:59,000 --> 00:22:01,520
Speaker 1: I know, right Eon, and then Tesla by proxy, they've

480
00:22:01,600 --> 00:22:04,680
Speaker 1: drawn the ire of Americans who don't like what Dog

481
00:22:04,800 --> 00:22:06,679
Speaker 1: is doing, and the consequences are piling up in Some

482
00:22:06,720 --> 00:22:09,480
Speaker 1: of those consequences for Tesla owners in particular, could be

483
00:22:09,760 --> 00:22:12,359
Speaker 1: higher insurance rates. Yeah, it seems like all the currents

484
00:22:12,359 --> 00:22:16,359
Speaker 1: are currently against Tesla right now, and also Tesla owners,

485
00:22:16,400 --> 00:22:17,960
Speaker 1: you know, because it's not just the shure rooms, but

486
00:22:18,040 --> 00:22:22,720
Speaker 1: private owners are having their Tesla cars burned, painted the

487
00:22:22,800 --> 00:22:26,320
Speaker 1: faced and evs are already more expensive to ensure because

488
00:22:26,359 --> 00:22:28,800
Speaker 1: of the high cost of replacing the batteries. But if

489
00:22:28,800 --> 00:22:31,080
Speaker 1: your Tesla is also seen as a political symbol, there

490
00:22:31,160 --> 00:22:33,800
Speaker 1: is a higher likelihood of it being vandalized, which could

491
00:22:33,920 --> 00:22:37,320
Speaker 1: lead to an insurance claim. Insurance companies are likely to,

492
00:22:37,800 --> 00:22:39,720
Speaker 1: I mean, we'll see, I guess like they are likely

493
00:22:39,840 --> 00:22:43,160
Speaker 1: to raise premiums higher on Tesla owners, specifically to deal

494
00:22:43,320 --> 00:22:45,680
Speaker 1: with an increase in expensive claims. But as we've seen

495
00:22:46,040 --> 00:22:49,159
Speaker 1: with the way that insurance markets work. It's something that

496
00:22:49,240 --> 00:22:51,800
Speaker 1: has passed on to everyone at a certain point, and

497
00:22:51,840 --> 00:22:55,800
Speaker 1: it's one thing for Elon's actions to have personal financial

498
00:22:55,800 --> 00:22:58,560
Speaker 1: and business consequences. But it just sucks to see folks

499
00:22:58,600 --> 00:23:00,399
Speaker 1: who just went out there, you know, they bought a

500
00:23:00,440 --> 00:23:04,879
Speaker 1: Model three for environmental or economic reasons. Kind of they've

501
00:23:04,920 --> 00:23:07,720
Speaker 1: been forced into the public the political fray to a

502
00:23:07,720 --> 00:23:08,240
Speaker 1: certain extent.

503
00:23:08,280 --> 00:23:09,800
Speaker 2: I think a lot of those like, they're like, I

504
00:23:09,800 --> 00:23:11,520
Speaker 2: didn't even I'm not trying to make a statement here, guys,

505
00:23:11,680 --> 00:23:12,720
Speaker 2: I just want an awesome car.

506
00:23:12,720 --> 00:23:16,480
Speaker 1: Right exactly most people, and we've talked about the financial

507
00:23:16,520 --> 00:23:18,520
Speaker 1: realities of buying a Model three versus even something like

508
00:23:18,520 --> 00:23:20,800
Speaker 1: a Toyota Corolla, and the Toyota coroll used to be

509
00:23:20,800 --> 00:23:23,920
Speaker 1: the cheapest car in the United States essentially to own

510
00:23:23,960 --> 00:23:26,719
Speaker 1: and operate, and the Model three has kind of become that,

511
00:23:26,760 --> 00:23:29,000
Speaker 1: even though it's got a higher initial sticker price, and

512
00:23:29,080 --> 00:23:30,520
Speaker 1: so a lot of people are saying, oh cool, this

513
00:23:30,560 --> 00:23:32,200
Speaker 1: is going to lower my monthly costs. I'm not paying

514
00:23:32,680 --> 00:23:35,480
Speaker 1: paying for gas, and it's a good ride. I like

515
00:23:35,560 --> 00:23:37,520
Speaker 1: driving it. They are kind of fun to drive. They

516
00:23:37,640 --> 00:23:41,120
Speaker 1: just weren't assuming that it was going to draw political

517
00:23:41,200 --> 00:23:43,960
Speaker 1: eyeballs because of what's happening in Washington right now. Matt,

518
00:23:43,960 --> 00:23:46,159
Speaker 1: we should talk too, while we're on the car note

519
00:23:46,320 --> 00:23:49,359
Speaker 1: about tariffs. And we've talked about tariffs before on the show,

520
00:23:49,400 --> 00:23:53,080
Speaker 1: but now the President introduced twenty five percent tariffs against

521
00:23:53,480 --> 00:23:57,399
Speaker 1: imported cars into this country and this is supposed to

522
00:23:57,400 --> 00:23:59,880
Speaker 1: take effect to April third, and it's kind of hard

523
00:23:59,920 --> 00:24:01,400
Speaker 1: to no, I guess, in some ways, how to talk

524
00:24:01,440 --> 00:24:05,879
Speaker 1: about tariffs on the show, because there were tariffs that

525
00:24:06,000 --> 00:24:08,480
Speaker 1: came into being that got drawn back quickly, or that

526
00:24:08,480 --> 00:24:12,000
Speaker 1: were announced that we're pulled back before they've been implemented.

527
00:24:11,440 --> 00:24:14,080
Speaker 2: And that sis made to certain companies or certain sectors.

528
00:24:14,119 --> 00:24:17,760
Speaker 1: A lot of tariff whiplash going on because and that's

529
00:24:17,800 --> 00:24:21,000
Speaker 1: been really hard for businesses to figure out, well, how

530
00:24:21,040 --> 00:24:24,639
Speaker 1: do I what do I do when when tariffs are

531
00:24:24,720 --> 00:24:28,800
Speaker 1: being touted but then not necessarily brought to bear. And

532
00:24:29,200 --> 00:24:32,760
Speaker 1: some estimates are saying that price hikes on new cars

533
00:24:32,800 --> 00:24:35,159
Speaker 1: could be in the six to twelve thousand dollars range

534
00:24:35,400 --> 00:24:39,159
Speaker 1: if these tariffs come through. And as a friend of

535
00:24:39,160 --> 00:24:41,040
Speaker 1: the show, Kyla Scanlon put it, she put she said,

536
00:24:41,119 --> 00:24:44,000
Speaker 1: chaos is expensive, and I think we're bearing the fruit

537
00:24:44,040 --> 00:24:46,600
Speaker 1: of some of that political chaos. Political chaos, and how

538
00:24:46,640 --> 00:24:49,920
Speaker 1: much it's it could cost us. If these tariffs actually

539
00:24:50,320 --> 00:24:52,480
Speaker 1: do come through, we are going to see not just

540
00:24:52,520 --> 00:24:55,200
Speaker 1: higher prices on new vehicles, but second and third order

541
00:24:55,200 --> 00:24:58,720
Speaker 1: effects of those tariffs, which could which is going to

542
00:24:58,760 --> 00:25:00,680
Speaker 1: mean more people instead of going to the new vehicle,

543
00:25:00,680 --> 00:25:02,760
Speaker 1: they're going to the used market. Used card prices are

544
00:25:02,760 --> 00:25:04,440
Speaker 1: going to go up to and then even think about

545
00:25:04,440 --> 00:25:08,160
Speaker 1: folks working in the auto sector, we could see more

546
00:25:08,240 --> 00:25:11,399
Speaker 1: layoffs or furloughs of employees too in that space. So

547
00:25:12,240 --> 00:25:14,240
Speaker 1: we'll see. I don't know if these terrorists are actually

548
00:25:14,280 --> 00:25:16,359
Speaker 1: going to be implemented, but if they are, or if

549
00:25:16,359 --> 00:25:17,520
Speaker 1: they're just threats.

550
00:25:17,400 --> 00:25:19,560
Speaker 2: Stuff to know. And I think it depends on which

551
00:25:19,560 --> 00:25:21,359
Speaker 2: side of the aisle you've fall into as to whether

552
00:25:21,640 --> 00:25:22,959
Speaker 2: or not you think that these are going to be

553
00:25:23,200 --> 00:25:25,119
Speaker 2: a good thing or not. But I don't know from

554
00:25:25,160 --> 00:25:27,040
Speaker 2: an economist state, and we've talked about this, right but

555
00:25:27,080 --> 00:25:29,040
Speaker 2: from most economists are like, no, this is going to

556
00:25:29,040 --> 00:25:31,280
Speaker 2: be pretty terrible for the economy. Prices will go up.

557
00:25:31,880 --> 00:25:35,479
Speaker 1: Tariffs. Are economists on both sides of the aisle ten

558
00:25:35,560 --> 00:25:37,880
Speaker 1: to agree they're a terrible thing for consumers.

559
00:25:37,960 --> 00:25:40,600
Speaker 2: Yeah, but one thing most politicians, though, are agreeing on

560
00:25:40,680 --> 00:25:44,440
Speaker 2: right now are rate caps on credit cards. Politicians on

561
00:25:44,480 --> 00:25:46,040
Speaker 2: both sides of the aisle, they tend to think that

562
00:25:46,160 --> 00:25:49,120
Speaker 2: curbing credit card interest rates to a maximum of ten

563
00:25:49,160 --> 00:25:52,720
Speaker 2: percent that will help their hurting constituents. But they are

564
00:25:52,760 --> 00:25:56,439
Speaker 2: wrong because while this sounds kind and nice, it's going

565
00:25:56,520 --> 00:26:00,480
Speaker 2: to be bad on so many levels. The unintended sequences.

566
00:26:00,520 --> 00:26:04,360
Speaker 2: The negative outcomes could be significant, including no credit card

567
00:26:04,400 --> 00:26:08,600
Speaker 2: access for folks who don't have high credit scores, leaving

568
00:26:08,640 --> 00:26:12,439
Speaker 2: others to lean on even worse lending products. CNBC reported

569
00:26:12,440 --> 00:26:16,640
Speaker 2: that ninety five percent of subprime borrowers wouldn't have access

570
00:26:16,680 --> 00:26:18,120
Speaker 2: to a credit card anymore.

571
00:26:18,240 --> 00:26:21,040
Speaker 1: And somebody let that go. You know, yeah, they go

572
00:26:21,080 --> 00:26:24,359
Speaker 1: to paid loans, and they go to worse title loans. Yeah, like,

573
00:26:24,560 --> 00:26:25,800
Speaker 1: come on, they don't want that.

574
00:26:25,920 --> 00:26:28,680
Speaker 2: Credit Card companies would likely increase other fees as well,

575
00:26:28,720 --> 00:26:31,680
Speaker 2: and so this is again something that would impact everybody. So,

576
00:26:32,000 --> 00:26:33,920
Speaker 2: you know, what sounds like kind of a nice thing

577
00:26:33,960 --> 00:26:37,040
Speaker 2: to do, would do real damage to the economy. So

578
00:26:37,200 --> 00:26:41,640
Speaker 2: I'm hoping that this effort at bipartisanship actually fails, because yes,

579
00:26:42,080 --> 00:26:44,200
Speaker 2: I am not a fan of a twenty five percent

580
00:26:44,240 --> 00:26:46,080
Speaker 2: credit card. I don't want you paying that, but a

581
00:26:46,119 --> 00:26:50,080
Speaker 2: ten percent rate cap could surprisingly to many. I think

582
00:26:50,119 --> 00:26:51,040
Speaker 2: it could actually be worse.

583
00:26:51,480 --> 00:26:53,560
Speaker 1: And I think that's the thing that doesn't get discussed

584
00:26:53,680 --> 00:26:56,560
Speaker 1: enough to it is the downstream effects of a decision

585
00:26:56,600 --> 00:26:58,920
Speaker 1: like that because it is something that sounds nice coming

586
00:26:58,920 --> 00:27:01,320
Speaker 1: out of a politician's mouth. Yeah, Hey, I've got credit

587
00:27:01,320 --> 00:27:04,160
Speaker 1: card debt and I'm paying twenty three percent of visa MasterCard.

588
00:27:04,520 --> 00:27:06,800
Speaker 1: This sucks and it's going to take me forever to

589
00:27:06,840 --> 00:27:07,520
Speaker 1: pay off this debt.

590
00:27:07,560 --> 00:27:11,000
Speaker 2: Because of that, everything has a tertiary effect or secondary effect,

591
00:27:11,000 --> 00:27:13,600
Speaker 2: Like there are things that was is the butterfly effect,

592
00:27:13,720 --> 00:27:16,040
Speaker 2: butterfly effect, I've never I've never watched that movie. But

593
00:27:16,080 --> 00:27:18,320
Speaker 2: when that all about like one small thing, like it

594
00:27:18,400 --> 00:27:19,920
Speaker 2: is a long time the beat of a butterfly race,

595
00:27:20,119 --> 00:27:22,640
Speaker 2: Like the difference in that and just the downstream effects

596
00:27:22,640 --> 00:27:25,199
Speaker 2: are significant. And I think if we're going to say

597
00:27:25,200 --> 00:27:27,800
Speaker 2: temper political scorekeeping that everyone is engaged in, like all

598
00:27:27,840 --> 00:27:29,520
Speaker 2: they want to do are they just want to get

599
00:27:29,520 --> 00:27:31,480
Speaker 2: the wins and here and now, and they're not at

600
00:27:31,480 --> 00:27:34,520
Speaker 2: all looking at our country or at the economy more holistically.

601
00:27:34,560 --> 00:27:36,399
Speaker 1: If we're going to say ten percent, Why not five percent?

602
00:27:36,440 --> 00:27:38,320
Speaker 1: Why not two percent? Why not be even more generous?

603
00:27:38,320 --> 00:27:40,600
Speaker 1: I mean, if you cap interest rates at some point,

604
00:27:41,000 --> 00:27:43,600
Speaker 1: you you create other distortions in the economy. And think

605
00:27:43,600 --> 00:27:46,479
Speaker 1: about this too, Matt. There is actually more competition than

606
00:27:46,520 --> 00:27:50,520
Speaker 1: people might imagine in the credit card game, so they

607
00:27:50,520 --> 00:27:52,560
Speaker 1: can't just raise their interest rates as high as they want.

608
00:27:52,760 --> 00:27:55,240
Speaker 1: There are other credit card companies out the stuff. Think

609
00:27:55,280 --> 00:27:57,480
Speaker 1: of even credit unions, Like if you want a lower

610
00:27:57,800 --> 00:28:00,440
Speaker 1: APR on your credit card, a credit uni is often

611
00:28:00,480 --> 00:28:01,520
Speaker 1: the way to go. You might be able to get

612
00:28:01,520 --> 00:28:04,280
Speaker 1: an eleven or twelve percent rate, far below the average

613
00:28:04,280 --> 00:28:07,280
Speaker 1: market rate. Or think about balanced transfer cards. That's another

614
00:28:07,320 --> 00:28:09,399
Speaker 1: way that people can, you know, kind of ditch the

615
00:28:09,440 --> 00:28:11,879
Speaker 1: extremely high rate at least for a time, in an

616
00:28:11,880 --> 00:28:14,600
Speaker 1: effort to pay off their credit card more quickly without

617
00:28:14,600 --> 00:28:17,520
Speaker 1: paying interest. So there are a lot of options for consumers.

618
00:28:17,680 --> 00:28:19,800
Speaker 1: And ultimately, what we always say is like, don't use

619
00:28:19,800 --> 00:28:21,719
Speaker 1: credit cards right if you can't pay them off on

620
00:28:21,760 --> 00:28:24,640
Speaker 1: time and in full every month. But this, this political

621
00:28:24,680 --> 00:28:28,720
Speaker 1: proposal would yeah, it would ultimately be a pretty dismal

622
00:28:28,720 --> 00:28:32,119
Speaker 1: failure and it would have more impacts than these politicians realize.

623
00:28:32,240 --> 00:28:33,880
Speaker 1: By the way, Matt, while we're talking about credit cards.

624
00:28:33,920 --> 00:28:35,600
Speaker 1: Let's talk about gift cards for a second. I do

625
00:28:35,720 --> 00:28:39,160
Speaker 1: believe I am contractually obligated to throw shade at gift

626
00:28:39,160 --> 00:28:40,800
Speaker 1: cards at least twice a year.

627
00:28:40,880 --> 00:28:43,080
Speaker 2: At least. Okay, I was gonna say, if you've already

628
00:28:43,120 --> 00:28:44,160
Speaker 2: hit your quota, then I.

629
00:28:44,800 --> 00:28:47,480
Speaker 1: Already if it's the Nate, So I see it's not

630
00:28:47,520 --> 00:28:49,400
Speaker 1: even We're not even through the first I guarantee.

631
00:28:49,400 --> 00:28:51,560
Speaker 2: We talked about gift cards earlier this year, you know,

632
00:28:51,600 --> 00:28:53,880
Speaker 2: like at the tail end of the holidays. That sounds

633
00:28:53,920 --> 00:28:54,600
Speaker 2: like something we would do.

634
00:28:54,800 --> 00:28:59,240
Speaker 1: Well, I'll just quickly mention your favorite store, Joannes Fabrics

635
00:28:59,360 --> 00:29:01,280
Speaker 1: just went out of business, which is.

636
00:29:01,200 --> 00:29:05,040
Speaker 2: So funny because I actually went to a Joanne. I

637
00:29:05,040 --> 00:29:07,080
Speaker 2: haven't been to one, and maybe ever I have never

638
00:29:07,120 --> 00:29:10,160
Speaker 2: been there, but I went there and bought some affordable

639
00:29:10,200 --> 00:29:12,800
Speaker 2: fabric to make those sound panels in the garage, oh acoustic.

640
00:29:12,920 --> 00:29:14,560
Speaker 1: Yeah, that's where I got this. We didn't buy enough

641
00:29:14,600 --> 00:29:17,200
Speaker 1: because they're they're having financial troubles.

642
00:29:17,400 --> 00:29:18,840
Speaker 2: I saw that going out of business line.

643
00:29:19,000 --> 00:29:21,880
Speaker 1: Yes, well, all eight hundred locations have announced that they're

644
00:29:21,880 --> 00:29:25,600
Speaker 1: no longer accepting gift cards, even though they're still open

645
00:29:25,920 --> 00:29:28,360
Speaker 1: and they're doing going out of business sales, which, by

646
00:29:28,360 --> 00:29:30,720
Speaker 1: the way, those going out of business sales, they like

647
00:29:30,760 --> 00:29:34,480
Speaker 1: have the big signs about how much massive discounts stole liquidation.

648
00:29:34,560 --> 00:29:36,200
Speaker 1: They're usually not nearly as good as you think they're

649
00:29:36,240 --> 00:29:38,560
Speaker 1: going to be. But yeah, for anyone now with a

650
00:29:38,640 --> 00:29:40,720
Speaker 1: Joann's gift card, it's completely worthless.

651
00:29:40,960 --> 00:29:41,560
Speaker 2: That's so crappy.

652
00:29:41,640 --> 00:29:43,560
Speaker 1: It sucks. And this is why my advice typically is

653
00:29:43,600 --> 00:29:45,320
Speaker 1: with a gift card, only by it if there's a

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00:29:45,360 --> 00:29:48,800
Speaker 1: discount attached. Yeah, but you think about it, man, if

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00:29:48,840 --> 00:29:50,880
Speaker 1: you've got I don't know how much outstanding balance there

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00:29:50,960 --> 00:29:54,800
Speaker 1: is on gift cards for Johanne's customers, but not a ton. Yeah,

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00:29:54,840 --> 00:29:55,920
Speaker 1: but I hate I hate seeing this.

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00:29:56,160 --> 00:29:58,760
Speaker 2: Yeah, let's be honest. I probably would have shorted Joanns.

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00:29:58,800 --> 00:30:01,960
Speaker 2: I wouldn't have gone along just given the I mean,

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00:30:02,000 --> 00:30:03,840
Speaker 2: it kind of goes back to the food delivery. Who's

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00:30:03,880 --> 00:30:07,040
Speaker 2: out there, who's willing to do the hard work of

662
00:30:07,160 --> 00:30:09,360
Speaker 2: creating something at home making their own Like people don't

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00:30:09,400 --> 00:30:11,440
Speaker 2: even want to cook their own meal, let alone make

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00:30:11,440 --> 00:30:15,000
Speaker 2: their own curtains or address or whatever. Although this guy

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00:30:15,080 --> 00:30:17,400
Speaker 2: right here made his own acoustic panels for his garage

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00:30:17,880 --> 00:30:21,360
Speaker 2: less eque. Oh before we wrap things up. A quick

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00:30:21,360 --> 00:30:24,920
Speaker 2: shout out to Liam G for referring the how to

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00:30:24,960 --> 00:30:27,920
Speaker 2: Money newsletter to some of his friends. Comes out every

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00:30:27,920 --> 00:30:31,160
Speaker 2: Tuesday morning, and it's packed full with personal finance nuggets

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00:30:31,200 --> 00:30:33,600
Speaker 2: of wisdom. Make sure to sign up over at how

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00:30:33,640 --> 00:30:36,360
Speaker 2: to money dot com forward slash newsletter if you are

672
00:30:36,400 --> 00:30:39,000
Speaker 2: not already subscribed, and if you are, share it with

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00:30:39,040 --> 00:30:40,760
Speaker 2: a friend like Liam did, I'll give you a give

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00:30:40,760 --> 00:30:42,680
Speaker 2: you a nice little shout out. But buddy, that's going

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00:30:42,720 --> 00:30:45,000
Speaker 2: to be it for this episode. Everyone have a fantastic weekend.

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00:30:45,040 --> 00:30:47,680
Speaker 2: We'll see you back here on Monday, and until next time,

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00:30:47,840 --> 00:31:01,240
Speaker 2: Best Friends Out, Best Friends Out. M four