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Speaker 1: Welcome to How the Money. I'm Joel and I am Matt,

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Speaker 1: and today we are answering your listener questions, Yes, Joel,

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Speaker 1: by listener questions, like we do on every Ask HDM episode.

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Speaker 1: A couple that we're gonna cover on this episode are

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Speaker 1: pet insurance. You know, that's something that more and more

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Speaker 1: folks are having to ask themselves, like should I have

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Speaker 1: pet insurance for my cat or for my dogs? So

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Speaker 1: we're gonna we're gonna dive into that because it's expensive,

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Speaker 1: but also so our healthcare costs if you don't have

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Speaker 1: pet insurance. So where do we land on that. We'll

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Speaker 1: get to that in a little bit. And we're also

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Speaker 1: going to answer a question about how to reduce the

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Speaker 1: minimum monthly payments on student loans, So we're gonna talk

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Speaker 1: about a couple of ways to do that, as well

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Speaker 1: as three other great questions, and we'll get to all

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Speaker 1: those questions here in a little bit. Yeah, a lot

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Speaker 1: of good questions on this episode. As usual, Man are listeners.

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Speaker 1: They're smart, and they've got just really intelligent money questions

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Speaker 1: and they've got really big decisions that they're making. And

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Speaker 1: I'm just glad that we can play a part in

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Speaker 1: kind of helping them make a make a wise decision,

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Speaker 1: and they're just relatable as well too. I mean, there's

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Speaker 1: things that people are asking and I'm like, man, that's

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Speaker 1: just something that I know I've had in the back

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Speaker 1: of my mind, but I haven't quite put my finger

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Speaker 1: on it, right. And so you know, when we get

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Speaker 1: those questions sent to us via email, it's a wonderful

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Speaker 1: way for us to answer those questions but hopefully provide

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Speaker 1: some value to you, all of our listeners out there. Yeah,

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Speaker 1: so when when you have that question in the future

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Speaker 1: or maybe even right now, it can help you at

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Speaker 1: the same time, and Matt, before we start tackling these questions,

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Speaker 1: I think it's just kind of funny, like towards the

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Speaker 1: end of last year, you were doing a lot of

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Speaker 1: work for for us, because as this podcast has grown,

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Speaker 1: we've had some bigger decisions we've had to make, and

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Speaker 1: you in particular, we're kind of trying to help us

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Speaker 1: figure out how we do payroll for this new small

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Speaker 1: business that we've got essentially here. Yeah, you're talking about

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Speaker 1: those small business growing pains, right. It's a good problem

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Speaker 1: to have. It's it's kind of I mean, we don't

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Speaker 1: talk about the actual show as a sort of a

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Speaker 1: little side hustle and now an official business, we don't

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Speaker 1: do that often. But we've talked a little bit about

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Speaker 1: corporate structures before, and you know, I like how escorps

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Speaker 1: are great, and now that we're more official, man, yeah,

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Speaker 1: we need to get set up on payroll doing things

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Speaker 1: like that. And this is a discussion you and I

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Speaker 1: had where I said, I'm basically happy to do payroll,

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Speaker 1: and I'm very interested in doing it myself, not using

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Speaker 1: one of the software programs that are out there, which

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Speaker 1: is funny because these software programs have gotten so much

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Speaker 1: better recently. There's some great companies out there making it

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Speaker 1: so easy for small businesses to do payroll and to

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Speaker 1: provide small business for one case and stuff like that.

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Speaker 1: If you run your own small business, it's only gotten

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Speaker 1: a million times easier in the last five years, exactly.

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Speaker 1: And so the question you know that we need to

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Speaker 1: ask ourself, you want to make it harder by doing

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Speaker 1: it yourself exactly. I mean, and obviously we're gonna save

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Speaker 1: some money every month, but it's not really about the

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Speaker 1: money for me. It's about like I'm a nerd right

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Speaker 1: anytime we talk about budgets and spreadsheets. I'm the guy

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Speaker 1: that I am doing everything on Excel because I want

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Speaker 1: to see and I want to feel every single number

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Speaker 1: when I reconcile those accounts and when everything balances out,

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Speaker 1: I want to feel that when it comes to our

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Speaker 1: business as well. And and so for me, I actually

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Speaker 1: do gain a certain amount of value and as nerdy

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Speaker 1: as the sounds, enjoyment out of kind of balancing the

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Speaker 1: books and figuring out like how does this actually work?

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Speaker 1: Like how much do we actually owe the government? Oh? Wow,

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Speaker 1: that's more than I thought. It's stuff like that. And

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Speaker 1: so the reason to talk about this is that I'm

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Speaker 1: not doing this because it's is to save us money. Right.

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Speaker 1: I think there's a lot of times that folks they

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Speaker 1: do things and they're not totally sure why they do it.

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Speaker 1: Maybe they kind of get lost in the habit of

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Speaker 1: doing something, and so they ask themselves, well, how much

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Speaker 1: I'm actually saving here doing this thing that I don't enjoy. Well,

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Speaker 1: if that's you, and if you're in that situation, well,

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Speaker 1: you know, if it doesn't cost very much, stop doing

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Speaker 1: the thing that you don't enjoy. Right, But if you

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Speaker 1: actually analyze the situation and you and you see that,

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Speaker 1: Oh I am gaining some value from this, Oh I'm

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Speaker 1: learning something. I think that's a case where you're not

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Speaker 1: being cheap, and you're right. Like a lot of times

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Speaker 1: we say, am I being frugal or am I being cheap?

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Speaker 1: If you're only looking at the dollars and cents, this

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Speaker 1: could be an instance where maybe we're being cheap. But

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Speaker 1: for me, I see this as a way that I'm

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Speaker 1: able to learn something new, challenge myself a little bit,

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Speaker 1: really understand the process, and you know what, down the road,

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Speaker 1: we might end up going with one of those softwares

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Speaker 1: because I might not really enjoy the whole process of

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Speaker 1: of doing payroll. Yeah yeah, man. A couple of months ago,

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Speaker 1: we did an episode about the future of small business

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Speaker 1: and we talked about how technology is helping small businesses

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Speaker 1: thrive in a way that you hear the naysayers. You

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Speaker 1: see the headlines and it seems like small businesses are

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Speaker 1: doomed and that technology is only benefiting the biggest businesses

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Speaker 1: around us. But that's just not true. And in particular,

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Speaker 1: when we look at services like payroll service, it used

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Speaker 1: to be really, really prohibitively expensive for a small business

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Speaker 1: to set up payroll. And now they are these companies

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Speaker 1: that are doing a really good job serving small businesses

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Speaker 1: for just so little money. And a couple of our favorites.

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Speaker 1: We really like quick Books, and we like Gusto, and

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Speaker 1: maybe it's gousta Us how I like to say, And

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Speaker 1: like you said, we might end up going with somebody

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Speaker 1: like Gusto. Uh, We're not sure. It depends on how

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Speaker 1: this plays out and how difficult it is for you

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Speaker 1: actually do it. But I'm willing to give it a shot.

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Speaker 1: But I love that you're willing to give it a shot.

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Speaker 1: And you know what, if you like it, that's cool,

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Speaker 1: and it saves us, you know, not a ton of money,

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Speaker 1: but a little bit. And in either way, I think

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Speaker 1: even if we do sign up with a service like

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Speaker 1: you know what questions to ask and you know, you'll

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Speaker 1: know more about it, you'll have your head around it,

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Speaker 1: just like I think, you know, when we talk about

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Speaker 1: hiring a financial advisor, we're not typically huge fans of

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Speaker 1: people hiring a financial advisor. But either way, whether you

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Speaker 1: hire one or you do it yourself, there is a

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Speaker 1: lot of research you need to do there. You need

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Speaker 1: to be informed, you need to know what questions to

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Speaker 1: ask a financial advisor, you know, before you walk in

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Speaker 1: the door. Hiring someone else doesn't let you off the

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Speaker 1: hook and give you the ability to neglect knowing some

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Speaker 1: of the things you need to know about money, finances,

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Speaker 1: and investing. So yeah, I think of it in the

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Speaker 1: same way. You're gonna learn something invaluable, even if you're

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Speaker 1: not like doing the payroll by hand for us for

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Speaker 1: the long term and we and we do move on.

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Speaker 1: It's it's not a bad thing for you to know

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Speaker 1: more about by next quarter. I might want to just

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Speaker 1: hit that easy button because I got other stuff I

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Speaker 1: want to do, like ride my bike or something, right

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Speaker 1: right exactly? Yeah, alright, Well, Joel, you want to introduce

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Speaker 1: the beer that we're gonna have this episode, sure, Matt, Yeah,

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Speaker 1: Today on the show, we're drinking Toppling Goliath Brewing Companies

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Speaker 1: King Sue. It's a double I p A and listener

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Speaker 1: Joe sent this one our way. This beer has quite

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Speaker 1: a reputation. It's got some really sick can art with

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Speaker 1: like a t Rex on the front. So yeah, I'm

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Speaker 1: really excited to have this one on the show with

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Speaker 1: you today, my friend. Yeah, this is one of those

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Speaker 1: beers that people seek after. So I am honored to

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Speaker 1: be able to enjoy one of these with you, buddy,

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Speaker 1: and we're gonna yeah, we'll give our thoughts on this

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Speaker 1: beer at the end of the episode. All right, let's

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Speaker 1: get to our listening questions. And just a quick note

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Speaker 1: for anybody who wants to submit a question for us

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Speaker 1: to use on the show. Well, there are simple instructions

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Speaker 1: for you to create an audio question and send it

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Speaker 1: our way at how to money dot com slash ask

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Speaker 1: and our first one is really interesting one about buying

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Speaker 1: a car or renting one. Gentlemen, this is Jim from IMPO, California.

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Speaker 1: I've been doing my research and i'd like your take

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Speaker 1: on this. My family of four owns one car Ford

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Speaker 1: Focus with less than forty thousand miles. Our boys are

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Speaker 1: still small at ages five and six. We can meet

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Speaker 1: solely by bike around town with them on cargo bikes.

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Speaker 1: The Ford is used for out of town trips with

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Speaker 1: few in town exceptions. It's paid for and cheap to own. However,

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Speaker 1: our family is outgrowing the Focus. We take road trips

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Speaker 1: a few times each year for various bicycle adventures, camping, backpacking,

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Speaker 1: and so on. The Ford is just too small for

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Speaker 1: four people with all our bikes and gear. My question

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Speaker 1: is would it be more financially advantageous to rent what

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Speaker 1: we need for each trip for a week up to

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Speaker 1: the three weeks we travel, which could be anywhere from

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Speaker 1: a thousand miles to as many as five thousand miles

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Speaker 1: for a single trip, or by a used late model

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Speaker 1: for example super out back. The focus is cheap to

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Speaker 1: own in all areas when compared to buying a new

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Speaker 1: to US use larger vehicle. If we rented an suv

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Speaker 1: or minivan for various road trips, we would keep the

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Speaker 1: focus for short, local inner city travel. I like Ford

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Speaker 1: you hearing your thoughts and thanks for the show every week. Jim,

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Speaker 1: that's a great question. I love kind of starting off

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Speaker 1: with a listener who also shares our love for cargo bikes.

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Speaker 1: Map yea cargo bikes. I think it's been too long

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Speaker 1: since we've talked about how much we love not just bikes,

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Speaker 1: but cargo bikes, especially especially when you're hauling your kids

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Speaker 1: around like Jim is like we are. They could be

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Speaker 1: a lot of fun and they can also save you

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Speaker 1: a lot of money. I think one of the reasons

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Speaker 1: that Jim's car has so few miles on it is

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Speaker 1: because he's using his cargo bikes so danger he said,

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Speaker 1: under forty thousand miles on hicle. That is phenomenal. Yeah,

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Speaker 1: it's pretty pretty great. By the way, Jim's audio was

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Speaker 1: so good I had to email him back and ask like,

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Speaker 1: why is your audio so ridiculously clear? And it's because

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Speaker 1: he has his own podcast, by the way, he said.

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Speaker 1: And it's called the Trailer Junkies Podcast. So if you're

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Speaker 1: super into film, check out Jim's podcast. Well, Joel, you

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Speaker 1: and I we both uh, we both have little kids.

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Speaker 1: What's the last movie you saw in the theater? Frozen two?

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Speaker 1: Same here? Man, Oh my gosh, I can't remember the

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Speaker 1: last adult movie I saw, but I definitely remember Frozen too. Yeah. Well, man,

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Speaker 1: back to cargo bikes for a second as well. If

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Speaker 1: you've never seen a cargo bike, just picture a bike

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Speaker 1: kind of stretched out and there's just room either on

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Speaker 1: the back or in the front of the handlebars where

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Speaker 1: you can haul kids or cargo, you know, grocery stuff

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Speaker 1: like that. But Jim, you know, we're lucky enough here

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Speaker 1: in Atlanta that that Joel and I are both able

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Speaker 1: to bike for the vast majority of our intown trips.

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Speaker 1: And your question specifically is a great question because this

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Speaker 1: isn't something that folks often consider renting a car for.

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Speaker 1: You know, you said, these two to three trips, this

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Speaker 1: can be an awesome money saver instead of buying a

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Speaker 1: new ish car and then having the associated payments the

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Speaker 1: insurance to go along with that newer car. I think

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Speaker 1: this is an awesome approach to take. So, yeah, let's

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Speaker 1: kind of dive individual. Yeah, man, I feel like this

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Speaker 1: is something that we considered a little bit. When we

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Speaker 1: bought our new minivan. It was, well, our old minivan.

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Speaker 1: It's like, it's a two thousand and six, and it

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Speaker 1: was kind of to you guys, Yeah, it was like,

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Speaker 1: can can the car that we currently have worked for us?

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Speaker 1: For our we take more in town trips with the kids,

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Speaker 1: so it just didn't make sense for us. But if

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Speaker 1: it was just about long distance trips, we totally would

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Speaker 1: have considered just doing the rental thing. But for us,

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Speaker 1: it just didn't work out. And I kind of want

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Speaker 1: to suggest exactly that for Jim looking at a car

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Speaker 1: that is not just a couple of years old, but

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Speaker 1: is a good bit older than that. I think if

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Speaker 1: you're buying just a slightly older car and ditching the focus, well,

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Speaker 1: you're going to run into the problem of of spending

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Speaker 1: too much money for a car that you don't necessarily

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Speaker 1: need all that often. And it stinks to have something

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Speaker 1: that is often just sitting in the driveway that's depreciating

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Speaker 1: in value so much everything is cheaper about this decision.

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Speaker 1: It totally makes sense that you would want to upgrade

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Speaker 1: and get a newer vehicle, but I think if you

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Speaker 1: can stick to a or older then that's going to

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Speaker 1: be the sweet spot for you to actually buy the

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Speaker 1: new vehicle and not have to rent a car every

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Speaker 1: time you go out of town. And basically it allows

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Speaker 1: you to put money towards the things that you do value,

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Speaker 1: like those camping trips, like going on even more excursions

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Speaker 1: as a family, or bikes or another bike. Yeah, it

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Speaker 1: allows you to kind of make those decisions if you

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Speaker 1: don't have a fifteen or twenty dollar are that's just

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Speaker 1: kind of sitting there and quickly losing its value. Yeah,

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Speaker 1: I love that, Jill, And I mean and even going

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Speaker 1: back further than something that's just a few years old, right,

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Speaker 1: Like I mean, you guys have a No. Six. I

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Speaker 1: think looking at vehicles that are at least ten years

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Speaker 1: old like that also allows you to take advantage of

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Speaker 1: the maintenance cycles a little bit, right, And so if

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Speaker 1: you get a vehicle that's closer to ten years old,

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Speaker 1: that's typically when you need to kind of have the

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Speaker 1: timing belt replaced and or have the timing chain worked on,

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Speaker 1: and that's a really expensive thing. And so you know,

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Speaker 1: you can get an older vehicle for a lot less

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Speaker 1: money that's running really smooth and can be super dependable. Yeah,

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Speaker 1: where the previous owner has done a lot of that

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Speaker 1: work you needed to be done anyway. And I think though,

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Speaker 1: if the decision is between literally buying a couple of

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Speaker 1: year old vehicle or renting a car the three times

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Speaker 1: a year you go out of town, I think it's

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Speaker 1: a slam dunk to rent that suv or van for

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Speaker 1: every family trip. It just makes sense. And that's because

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Speaker 1: depreciation is the biggest cost in car ownership. And so

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Speaker 1: if you can avoid that depreciation, keep the folk is

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Speaker 1: for your in town trips and then just rent this

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Speaker 1: car three times a year, you're gonna save a ton

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Speaker 1: of money in your budget every single year on car

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Speaker 1: costs by doing that. Yeah, Well, and another thing too

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Speaker 1: by renting, man, is that you you don't have that

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Speaker 1: stress of having a vehicle that you have to count

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Speaker 1: on to get you across the entire southwest, right. And

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Speaker 1: on top of that as well, like you have the

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Speaker 1: option to rent different vehicles where you're able to essentially

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Speaker 1: try out some some different makes and models and see

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Speaker 1: which one you really like. Right, Like, you might be

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Speaker 1: drawn to the out back, like you mentioned the outback

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Speaker 1: because it kind of has this heritage, like this legacy

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Speaker 1: of adventure, you know, like like folks who are into

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Speaker 1: the outdoors, like they like outbacks. I like outbacks. But

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Speaker 1: like you might find that you actually need a full

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Speaker 1: size suv with your growing family, you know, with all

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Speaker 1: your gear and like everybody's got their bikes, maybe even

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Speaker 1: multiple bikes, who knows. I see that as another benefit

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Speaker 1: of at least for now, renting for a little bit longer,

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Speaker 1: as that might allow you to kind of figure out

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Speaker 1: what vehicle you truly want. Yeah, and I think you

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Speaker 1: and I we are on the side typically of driving

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Speaker 1: older vehicles, not buying the two or three year old model,

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Speaker 1: but buying a seven or eight or ten year old model,

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Speaker 1: because that's where the real savings is, because those vehicles

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Speaker 1: are almost fully depreciated out and you're not losing massive

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Speaker 1: amounts of money every month. And then I think it's

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Speaker 1: an astute observation by Jim, though, that renting a car

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Speaker 1: for those bigger trips as opposed to buying something like

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Speaker 1: we always think that we need to own the thing

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Speaker 1: that we use occasionally, and that's just not true. And

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Speaker 1: I think Jim's onto something and a lot of us

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Speaker 1: could benefit from that observation that we can potentially rent

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Speaker 1: things that we use sparingly far more frequently in our lives,

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Speaker 1: as opposed to buying them and having them always and

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Speaker 1: then having shelled out the money for it, or potentially,

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Speaker 1: in the case of a car, continually shelling out money

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Speaker 1: for it. So I like where Jim's heads at. And

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Speaker 1: hopefully he's either going to buy an older car or

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Speaker 1: be just gonna rent that car when he needs it,

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Speaker 1: and he can continue to hang on to focus that

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Speaker 1: he has under forty tho miles on. That's kind of

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Speaker 1: a gem in its own sake right there. That's gonna

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Speaker 1: last quite a while longer. I believe the boys are

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Speaker 1: gonna learn how drive on that car. Yeah, exactly, exactly.

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Speaker 1: It's still gonna be around ten or fifteen years from now,

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Speaker 1: for sure, totally. Alright, Well, Joe, we've got a few

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Speaker 1: more questions, including one about a roth ira A, and

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Speaker 1: we're gonna get to that's and another question right after

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Speaker 1: the break. Alright, Matt, we're back from the break, and

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Speaker 1: the first question is about a tricky little rule associated

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Speaker 1: with the roth ira A. Hey, Matt and Joel Jason

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Speaker 1: here from the beer rich region of the Front Range

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Speaker 1: in Colorado. Hey, thanks for all the USM advice and

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Speaker 1: for keeping me company during my travels. I really like

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Speaker 1: what you guys are doing. I've been grappling with this

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Speaker 1: question for a couple of weeks now and keep getting

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Speaker 1: conflicting answers, so i'd appreciate your thoughts. Is it possible

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Speaker 1: to pull money out of my roth ira A prior

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Speaker 1: to a five year holding period if this money is

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Speaker 1: exclusively post tax contributions and without any earned dividends, Paying

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Speaker 1: a penalty on a four oh one K or traditional

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Speaker 1: i R A roll of makes sense to me because

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Speaker 1: it's pre tax dollars. However, if your roth consists only

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Speaker 1: of your own post tax money. Shouldn't you be able

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Speaker 1: to withdraw that any time free of charge because you've

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Speaker 1: already paid your taxes on it. I imagine new investors

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Speaker 1: such as myself would be more motivated to pay out

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Speaker 1: the yearly maximum, knowing that if we find ourselves in

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Speaker 1: a real bind, this money is always available. And thanks

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Speaker 1: again for taking my question. If you ever find yourselves

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Speaker 1: in the Denver Boulder area, please take me up on

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Speaker 1: a tour of our finest local breweries. Looking forward to

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Speaker 1: hearing what you guys have to say. Appreciate it, hey, Jason, Yeah,

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Speaker 1: you certainly do live in a beer rich region. You

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Speaker 1: mentioned the uh, the Front Range, Joe, have you ever

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Speaker 1: heard of that term before? Because I've never heard of

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Speaker 1: the term. I haven't either, and I kind of nordered out,

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Speaker 1: so I looked it up. And it's the stretch of

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Speaker 1: mountains from Casper, Wyoming down to Denver, and there are

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Speaker 1: a lot of good breweries there, tons of great beer.

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Speaker 1: That's also just a beautiful place. Anytime I'm making out

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Speaker 1: to Colorado, I enjoy the beer and the beauty and

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Speaker 1: hopefully it's not too on before I get out there again.

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Speaker 1: But let's get to that tricky question, Matt and and

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Speaker 1: Jason is right. There is a rule that's called the

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Speaker 1: five year rule in regards to a roth Ira, and

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Speaker 1: sometimes it confuses people. So let's kind of get into

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Speaker 1: it first. Jason, your question about with drawing the money

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Speaker 1: that you've contributed to your wrath at any time, Yes,

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Speaker 1: you can. So here's an example. If you put six

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Speaker 1: thousand dollars into your wrath today and you decide to

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Speaker 1: withdraw every single penny of that amount that you contributed

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Speaker 1: the very next day, that would be fine. You would

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Speaker 1: not be subject to any penalties from the I R S,

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Speaker 1: and you would not be in trouble for violating any rule.

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Speaker 1: That's why the Rath is such a great account. It's

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Speaker 1: got this amazing flexibility for folks that want to invest

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Speaker 1: more money, but that might need access to those funds

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Speaker 1: in case of an emergency. We dedicated an entire episode

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Speaker 1: to the Beauty of the roth Ira back in episode

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Speaker 1: eighty three, but that one thing we didn't tackle in

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Speaker 1: particular was the five year rules. So you want to

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Speaker 1: explain that for Jason and other people that might be

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Speaker 1: confused when they hear about it. Yeah, Joe, let's do that.

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Speaker 1: So the five year rule. It's specifically about withdrawing rath earnings, okay,

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Speaker 1: not the contribution. So for example, if you were to

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Speaker 1: start a wrath at the age of fifty eight, you

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00:17:10,920 --> 00:17:13,160
Speaker 1: can't start taking out those earnings the very next year

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00:17:13,160 --> 00:17:16,119
Speaker 1: at age fifty nine, when most everyone else would be

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Speaker 1: able to make withdrawals on the earnings had they started

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Speaker 1: fi years prior to fifty nine, Right, So as long

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Speaker 1: as they started contributing before fifty four, you can start

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Speaker 1: making those withdrawals on those earnings at age fifty nine. Yes,

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Speaker 1: So it's really it's a difference between contributions and earnings

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Speaker 1: and when you opened your wrath exactly. And I think

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Speaker 1: sometimes like that can be a confusing thing for people,

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Speaker 1: so it's important to spell out. Contributions are the money

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Speaker 1: you put in your wrath. The earnings are whatever happens

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Speaker 1: as your wrath grows. Like let's say you put six

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Speaker 1: grand in a wrath and that money is invested in

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00:17:48,000 --> 00:17:50,439
Speaker 1: a total stock market index fund, and you look at

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00:17:50,480 --> 00:17:53,040
Speaker 1: that wrath three years down the road, it's worth nine

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Speaker 1: thousand dollars. That three thousand dollars additional money are your

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00:17:56,560 --> 00:17:59,960
Speaker 1: earnings that we're talking about here. Yeah, exactly, And Jays

396
00:18:00,000 --> 00:18:02,080
Speaker 1: and your your thought process is on the right track.

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Speaker 1: Since you've paid the tax, you have ready access to

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Speaker 1: the contributions that you've been making at any time you want.

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Speaker 1: And here's the thing, for any reason you want, there

400
00:18:10,800 --> 00:18:13,919
Speaker 1: are no I R. S. Qualifications for what you can

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00:18:14,000 --> 00:18:16,679
Speaker 1: use that money for. So technically you could raise your

402
00:18:16,680 --> 00:18:19,040
Speaker 1: Wrath account and you can spend it all on delicious

403
00:18:19,040 --> 00:18:21,399
Speaker 1: craft beer from Colorado. That might be fun for a

404
00:18:21,440 --> 00:18:25,000
Speaker 1: little bit, but that's not something that that we would recommend. Yeah. So, Jason,

405
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Speaker 1: if you're only really asking the question about potentially pulling

406
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Speaker 1: out those contributions, then you're not at risk of violating

407
00:18:30,840 --> 00:18:32,480
Speaker 1: the five year rule. You don't even have to worry

408
00:18:32,480 --> 00:18:35,359
Speaker 1: about it. But then it does beg the question what

409
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Speaker 1: are you taking money out of your Wrath for? And

410
00:18:37,640 --> 00:18:40,160
Speaker 1: should you be pulling money out of your Wrath at all?

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Speaker 1: And I think that is definitely a worthy question to consider.

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Speaker 1: I would be very careful before tapping your Wrath contributions.

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Speaker 1: I think the Wrath is a beautiful account because of

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Speaker 1: its flexibility. But is it too flexible? Right? Does that

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00:18:53,320 --> 00:18:55,720
Speaker 1: easy access make it a little too simple for someone

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Speaker 1: to rip money out of an investment account to spend today.

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Speaker 1: Yes it can. And so I've taken money out of

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Speaker 1: a roth before in order to get that last little

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Speaker 1: bit for a down payment for an investment property, and

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Speaker 1: I think that was worthwhile for me. But I do

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Speaker 1: think that if we're talking about pulling money out of

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Speaker 1: a wrath, you should be careful before doing so. And

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Speaker 1: hopefully you're only taking that money out to fund another

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00:19:20,400 --> 00:19:23,159
Speaker 1: investment that is going to be really beneficial for you,

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00:19:23,480 --> 00:19:26,119
Speaker 1: or for like a potential home purchase. We're grabbing some

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Speaker 1: of those rath contributions will allow you to avoid fees

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00:19:29,920 --> 00:19:31,800
Speaker 1: or p m I or something like that when you

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Speaker 1: do buy a home. Other than that, we would say,

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Speaker 1: leave your wrath money in place, don't touch it, leave

430
00:19:36,600 --> 00:19:38,840
Speaker 1: it be, and let it grow, because that is ultimately

431
00:19:38,840 --> 00:19:40,280
Speaker 1: what's going to help you build wealth. You don't want

432
00:19:40,280 --> 00:19:42,800
Speaker 1: to mess with those rath contributions unless it's for a

433
00:19:42,840 --> 00:19:45,399
Speaker 1: really good reason. Yeah, you want to make sure that

434
00:19:45,480 --> 00:19:48,560
Speaker 1: you are leaving future Jason in a in a good place.

435
00:19:48,720 --> 00:19:52,359
Speaker 1: It's not all about hashtags and yellow all right. So

436
00:19:52,400 --> 00:19:54,640
Speaker 1: let's go ahead and move on to our next question. Joe,

437
00:19:54,720 --> 00:19:58,360
Speaker 1: Let's hear that one about pet insurance. Hi, JOEA. Mett.

438
00:19:58,560 --> 00:20:00,840
Speaker 1: My name is Samantha and I'm from Hugh Euston, Texas.

439
00:20:01,200 --> 00:20:04,600
Speaker 1: I love y'all's podcasts and value your opinion on saving money,

440
00:20:04,640 --> 00:20:07,560
Speaker 1: so I really wanted to get your opinion on pet insurance.

441
00:20:08,080 --> 00:20:10,680
Speaker 1: I don't currently have any pet insurance, but I recently

442
00:20:10,680 --> 00:20:14,480
Speaker 1: spent nearly a thousand dollars to get my cats teeth cleans,

443
00:20:14,920 --> 00:20:18,840
Speaker 1: one tooth removed, and some pain meds for after surgery.

444
00:20:19,280 --> 00:20:21,840
Speaker 1: This was pretty shocking to me since I don't have

445
00:20:21,880 --> 00:20:24,919
Speaker 1: any kids. My cat is pretty much my child, so

446
00:20:25,000 --> 00:20:28,960
Speaker 1: her health and happiness is important to me. My work

447
00:20:29,080 --> 00:20:32,400
Speaker 1: offers pet insurance, but it does not cover preventative care

448
00:20:32,920 --> 00:20:36,440
Speaker 1: like teeth cleaning, which is recommended by the vets do yearly.

449
00:20:37,040 --> 00:20:42,359
Speaker 1: It also doesn't cover vaccinations, medicines, or any prior existing conditions.

450
00:20:43,000 --> 00:20:46,080
Speaker 1: The cost is ten dollars per pay period, which is

451
00:20:46,119 --> 00:20:50,200
Speaker 1: bi weekly for me, and a deductible of two fifty

452
00:20:50,640 --> 00:20:53,000
Speaker 1: So with all that in mine, I'm debating if it

453
00:20:53,080 --> 00:20:55,280
Speaker 1: is worth it. I hope you guys don't think I'm

454
00:20:55,320 --> 00:20:57,720
Speaker 1: a crazy cat lady, but I love any thoughts on

455
00:20:57,760 --> 00:21:01,160
Speaker 1: pet insurance or even tips to say ape on pet healthcare.

456
00:21:01,560 --> 00:21:04,160
Speaker 1: Thank you for all you do, Samantha, Thanks so much

457
00:21:04,160 --> 00:21:06,440
Speaker 1: for the question. And you're not a crazy cat lay

458
00:21:06,520 --> 00:21:08,520
Speaker 1: at all. You want to make sure that you're taking

459
00:21:08,560 --> 00:21:11,040
Speaker 1: care of that little critter little Yeah, if you don't

460
00:21:11,040 --> 00:21:13,200
Speaker 1: have any kids, that's yeah, it really is your fur baby,

461
00:21:13,280 --> 00:21:15,920
Speaker 1: So totally I'm all about that. I know you haven't

462
00:21:15,920 --> 00:21:18,040
Speaker 1: had a cat before, right, but had like has your

463
00:21:18,080 --> 00:21:20,080
Speaker 1: family ever had an owned a cat like when you're younger?

464
00:21:20,200 --> 00:21:23,720
Speaker 1: Sorry Samantha, but my mom hates cats. Yeah, so we've

465
00:21:23,760 --> 00:21:25,879
Speaker 1: never had a cat, although we've got some really good

466
00:21:25,920 --> 00:21:28,399
Speaker 1: neighborhood cats. My neighbor across the street has this awesome

467
00:21:28,400 --> 00:21:31,359
Speaker 1: cat named Furgus, so he's kind of like our neighborhood mascot.

468
00:21:31,359 --> 00:21:33,199
Speaker 1: He comes over all the time, just like hops in

469
00:21:33,280 --> 00:21:35,159
Speaker 1: the house. So I feel like we really we kind

470
00:21:35,160 --> 00:21:37,919
Speaker 1: of have this part. Oh my gosh, he's super sweet.

471
00:21:37,920 --> 00:21:40,040
Speaker 1: I would not be down with that because there's fleas

472
00:21:40,119 --> 00:21:42,480
Speaker 1: right with neighborhood cats are outside alive. But he belongs

473
00:21:42,520 --> 00:21:44,760
Speaker 1: to my neighbor next door, so he's inside a bunch,

474
00:21:44,800 --> 00:21:47,920
Speaker 1: but she lets him out in rome And yeah, he's

475
00:21:48,119 --> 00:21:50,520
Speaker 1: the fattest cat I've ever seen. He just hangs out

476
00:21:50,520 --> 00:21:52,399
Speaker 1: in the house and just wants his belly rubbed. Yeah. Well,

477
00:21:52,440 --> 00:21:54,359
Speaker 1: further down the street where we are from, you guys,

478
00:21:54,359 --> 00:21:56,320
Speaker 1: we have a few neighborhood cats as well, But I

479
00:21:56,320 --> 00:21:59,320
Speaker 1: don't know how much time does cats spend indoors versus outdoors.

480
00:21:59,560 --> 00:22:01,480
Speaker 1: So there's no way I'm gonna let that cat inside

481
00:22:01,520 --> 00:22:04,680
Speaker 1: my house. We're not cat people. Plus I'm a little allergic.

482
00:22:04,720 --> 00:22:06,320
Speaker 1: But they do keep the rats in the mice at bay,

483
00:22:06,359 --> 00:22:08,719
Speaker 1: which is the number one reason that I am all

484
00:22:08,760 --> 00:22:10,879
Speaker 1: about these neighborhood cats. For sure, they can be helpful

485
00:22:10,920 --> 00:22:12,640
Speaker 1: in that way, for sure. All right, Matt, But let's

486
00:22:12,640 --> 00:22:15,119
Speaker 1: get to Samantha's question. While you and I don't have cats,

487
00:22:15,520 --> 00:22:18,399
Speaker 1: we have owned dogs before, and pet insurance has grown

488
00:22:18,440 --> 00:22:20,920
Speaker 1: in popularity in a major way recently. And it makes

489
00:22:20,920 --> 00:22:24,000
Speaker 1: sense because the costs of healthcare associated with owning a

490
00:22:24,040 --> 00:22:27,120
Speaker 1: pet can be astronomical. And it's no surprise too that,

491
00:22:27,200 --> 00:22:30,720
Speaker 1: like Samantha has access to more employers are offering that

492
00:22:30,800 --> 00:22:34,359
Speaker 1: as an additional benefit pet insurance for their employees. But

493
00:22:34,520 --> 00:22:36,639
Speaker 1: is that pet insurance worth it? I think that's the

494
00:22:36,640 --> 00:22:39,600
Speaker 1: heart of Samantha's question, So Matt, let's get into it.

495
00:22:39,280 --> 00:22:42,000
Speaker 1: It can be complicated, right, Yeah, I mean there's just

496
00:22:42,000 --> 00:22:45,320
Speaker 1: so much to consider when you are deciding if if

497
00:22:45,320 --> 00:22:46,800
Speaker 1: that's something that you're going to get for your pet.

498
00:22:47,040 --> 00:22:49,440
Speaker 1: One of the reasons for that is because pet insurance

499
00:22:49,480 --> 00:22:53,280
Speaker 1: can also be really expensive. Just like with our own

500
00:22:53,359 --> 00:22:56,680
Speaker 1: health insurance, we need to know the fine print that's involved, right,

501
00:22:56,760 --> 00:22:59,119
Speaker 1: make sure that you know the exclusions. You want to

502
00:22:59,119 --> 00:23:01,879
Speaker 1: know the pale limits. Sometimes there's waiting periods and you

503
00:23:01,880 --> 00:23:03,960
Speaker 1: want to make sure you know what is covered. Like

504
00:23:04,040 --> 00:23:07,600
Speaker 1: you mentioned, sometimes Donald isn't included in this pet insurance.

505
00:23:07,960 --> 00:23:11,119
Speaker 1: And today it's worth knowing that the average pet insurance

506
00:23:11,160 --> 00:23:14,000
Speaker 1: premium is about six hundred bucks a year in the

507
00:23:14,080 --> 00:23:18,320
Speaker 1: average annual claim is only about three so on average,

508
00:23:18,320 --> 00:23:21,040
Speaker 1: it's definitely not worth it. But of course, you know,

509
00:23:21,080 --> 00:23:24,160
Speaker 1: it depends on each individual case pet insurance. It can

510
00:23:24,200 --> 00:23:26,879
Speaker 1: be helpful if your pet is prone to different health issues,

511
00:23:27,440 --> 00:23:29,080
Speaker 1: or if you know you have a breed that is

512
00:23:29,119 --> 00:23:32,280
Speaker 1: more likely to get sick. In that case, pet insurance

513
00:23:32,480 --> 00:23:35,399
Speaker 1: can make some more sense. Yeah, Matt, and Samantha specifically

514
00:23:35,400 --> 00:23:38,000
Speaker 1: mentioned how much she's gonna have to pay for this

515
00:23:38,160 --> 00:23:41,240
Speaker 1: pet health insurance, and it's gonna be roughly two or

516
00:23:41,280 --> 00:23:44,560
Speaker 1: fifty bucks a year because her employer subsidizes that amount,

517
00:23:44,800 --> 00:23:46,760
Speaker 1: Whereas if she had to go on the open market

518
00:23:47,040 --> 00:23:49,159
Speaker 1: and by her own plan, she's probably looking at much

519
00:23:49,200 --> 00:23:51,840
Speaker 1: higher premiums. So I think in her case, it makes

520
00:23:51,920 --> 00:23:54,080
Speaker 1: a lot more sense because of the low price that

521
00:23:54,160 --> 00:23:56,359
Speaker 1: she's gonna be paying for that insurance. Yeah, and for

522
00:23:56,400 --> 00:23:59,440
Speaker 1: everyone is out there who may not have subsidized pet insurance,

523
00:23:59,560 --> 00:24:03,080
Speaker 1: rather than only looking to the pet insurance, we would

524
00:24:03,119 --> 00:24:05,960
Speaker 1: recommend to make sure that you're shopping for services like

525
00:24:06,160 --> 00:24:09,239
Speaker 1: routine care and look for more affordable places to get

526
00:24:09,359 --> 00:24:12,119
Speaker 1: vaccinated when you can. Maybe you can look to a

527
00:24:12,200 --> 00:24:15,639
Speaker 1: veterinarian school. There's a list of different organizations that the

528
00:24:15,720 --> 00:24:19,760
Speaker 1: Humane Society has vetted to help with bigger pet healthcare costs.

529
00:24:20,280 --> 00:24:21,760
Speaker 1: Man back in the day, we would get our dogs

530
00:24:21,800 --> 00:24:25,679
Speaker 1: shots at this traveling shot clinic. It was essentially like

531
00:24:25,680 --> 00:24:27,879
Speaker 1: a pop up and they would open their doors at

532
00:24:27,920 --> 00:24:29,719
Speaker 1: the local church just right down the street from us,

533
00:24:29,920 --> 00:24:31,400
Speaker 1: and we would go in there at super low cost.

534
00:24:31,440 --> 00:24:33,520
Speaker 1: You kind of wait in line because it's they're only

535
00:24:33,560 --> 00:24:36,439
Speaker 1: there for a few hours. It's super legit, but you

536
00:24:36,480 --> 00:24:38,399
Speaker 1: just walk in, get everything done, and you leave and

537
00:24:38,400 --> 00:24:40,919
Speaker 1: you're gonna go uh. I loved it because it was

538
00:24:41,000 --> 00:24:43,200
Speaker 1: completely in our neighborhood and it was just an incredible

539
00:24:43,200 --> 00:24:45,600
Speaker 1: way for us to save money. Yeah, looking at that

540
00:24:45,640 --> 00:24:47,639
Speaker 1: list can be really helpful. They're also let's say you

541
00:24:47,680 --> 00:24:51,200
Speaker 1: need meds, well, they're cheap and generic medication lists for

542
00:24:51,320 --> 00:24:54,720
Speaker 1: animals at Target and Kroger. So if you're ever, you know,

543
00:24:54,720 --> 00:24:57,080
Speaker 1: filling a prescription for your pet, it makes sense to

544
00:24:57,119 --> 00:24:59,920
Speaker 1: look at those lists first. But ultimately, if you're willing

545
00:24:59,920 --> 00:25:01,760
Speaker 1: to look around to a little bit of digging, you

546
00:25:01,800 --> 00:25:03,560
Speaker 1: can cut the cost of health care for your pet

547
00:25:03,760 --> 00:25:06,280
Speaker 1: just by being a little proactive. And also it's important

548
00:25:06,280 --> 00:25:08,439
Speaker 1: to mention but it's also kind of an awkward thing

549
00:25:08,440 --> 00:25:10,560
Speaker 1: to say, is is that you can have a conversation

550
00:25:10,600 --> 00:25:13,320
Speaker 1: with your vet about what care is necessary for your

551
00:25:13,359 --> 00:25:16,160
Speaker 1: pet and what the costs are and potential discounts are

552
00:25:16,280 --> 00:25:19,400
Speaker 1: ahead of time. And like Matt you just mentioned, it's

553
00:25:19,440 --> 00:25:22,920
Speaker 1: not terribly dissimilar from human health care. When we're talking

554
00:25:22,960 --> 00:25:24,800
Speaker 1: about the things that we're gonna have done well, we

555
00:25:24,840 --> 00:25:27,080
Speaker 1: want to make sure we're healthy and not cheaping out right,

556
00:25:27,119 --> 00:25:28,920
Speaker 1: but we also have to advocate for ourselves at the

557
00:25:28,960 --> 00:25:31,119
Speaker 1: same time and make sure that we're not just getting

558
00:25:31,160 --> 00:25:34,359
Speaker 1: tests run just because, and if you have a great

559
00:25:34,359 --> 00:25:37,000
Speaker 1: local vet, they'll take the time to explain why something

560
00:25:37,200 --> 00:25:39,760
Speaker 1: is or isn't necessary, and they might actually help you

561
00:25:39,800 --> 00:25:42,439
Speaker 1: avoid some of these costs. So if you decide to

562
00:25:42,640 --> 00:25:45,639
Speaker 1: not opt for health insurance in particular, it makes sense

563
00:25:45,680 --> 00:25:48,200
Speaker 1: to do a little more asking and do a little

564
00:25:48,240 --> 00:25:52,000
Speaker 1: more digging before you have certain things done for your pet. Yeah,

565
00:25:52,080 --> 00:25:53,600
Speaker 1: I love that, man. We we have to advocate for

566
00:25:53,680 --> 00:25:56,440
Speaker 1: ourself in all areas of our life and including those

567
00:25:56,480 --> 00:26:00,200
Speaker 1: of our pets as well. Ultimately, the pet insurance it's

568
00:26:00,240 --> 00:26:03,000
Speaker 1: best to take care of those different major illnesses that

569
00:26:03,040 --> 00:26:06,480
Speaker 1: you hope actually never happen. Right, But if you are

570
00:26:06,560 --> 00:26:08,960
Speaker 1: a good saver and you've got a robust emergency fund,

571
00:26:09,280 --> 00:26:12,560
Speaker 1: we would skip the insurance altogether. Right When the average

572
00:26:12,560 --> 00:26:15,239
Speaker 1: claim is three hundred bucks a year, it's not too

573
00:26:15,240 --> 00:26:17,920
Speaker 1: difficult to set aside twenty five a month and forego

574
00:26:18,160 --> 00:26:22,160
Speaker 1: that insurance completely self fund, self insured, and for most

575
00:26:22,200 --> 00:26:24,040
Speaker 1: folks out there, you're going to be able to save

576
00:26:24,080 --> 00:26:25,760
Speaker 1: a lot of money and real quick. The people that

577
00:26:25,800 --> 00:26:28,360
Speaker 1: we think pet health insurance might be most helpful for

578
00:26:28,680 --> 00:26:31,800
Speaker 1: people with aging animals that have health issues, breeds that

579
00:26:31,800 --> 00:26:34,600
Speaker 1: are specifically prone to health issues, and also when you

580
00:26:34,600 --> 00:26:38,560
Speaker 1: have access to a subsidized plan with cheaper premiums. Those

581
00:26:38,600 --> 00:26:41,240
Speaker 1: are the times when pet insurance makes the most sense.

582
00:26:41,440 --> 00:26:43,720
Speaker 1: But for most people out there with mostly healthy pets,

583
00:26:43,960 --> 00:26:46,840
Speaker 1: pet insurance just doesn't usually make sense. The numbers just

584
00:26:46,880 --> 00:26:48,760
Speaker 1: don't make sense, and you're actually going to be a

585
00:26:48,800 --> 00:26:51,640
Speaker 1: net loser. And so yeah, just beef up your fund

586
00:26:51,680 --> 00:26:53,960
Speaker 1: and pay for it out of pocket. Nice, that's right, man.

587
00:26:54,040 --> 00:26:55,840
Speaker 1: All Right, we've got a couple more questions. We're gonna

588
00:26:55,840 --> 00:26:59,679
Speaker 1: talk about how to approach multiple savings goals that you

589
00:26:59,720 --> 00:27:03,280
Speaker 1: have while also trying to stick to the debt snowball plan.

590
00:27:03,520 --> 00:27:05,399
Speaker 1: And we're also going to talk about student loans to

591
00:27:05,480 --> 00:27:17,480
Speaker 1: rena cover those right after the break. All right, Matt,

592
00:27:17,520 --> 00:27:19,280
Speaker 1: we're back from the break, and now it's time to

593
00:27:19,280 --> 00:27:21,600
Speaker 1: take your question about how you think about the debt

594
00:27:21,680 --> 00:27:26,080
Speaker 1: snowball process when you're thinking about buying a home. Hey, guys,

595
00:27:26,200 --> 00:27:28,880
Speaker 1: this is Matt from Orange, California. I have a debt

596
00:27:28,880 --> 00:27:32,000
Speaker 1: payoff question. Currently. I am saving to buy a house,

597
00:27:32,320 --> 00:27:35,119
Speaker 1: paying off my student loans and some other random debts.

598
00:27:35,400 --> 00:27:37,919
Speaker 1: I am using the debt snowball method to pay everything

599
00:27:37,920 --> 00:27:40,560
Speaker 1: off at my current pace, it should take about four

600
00:27:40,600 --> 00:27:43,159
Speaker 1: to five years to be completely debt free. I have

601
00:27:43,320 --> 00:27:45,720
Speaker 1: enough saved to pay off one of those loans right now.

602
00:27:46,040 --> 00:27:48,359
Speaker 1: If I did this, it would eliminate my hard earned

603
00:27:48,400 --> 00:27:52,480
Speaker 1: down payment savings, but significantly increase my monthly cash flow

604
00:27:52,680 --> 00:27:55,840
Speaker 1: moving forward. I would still have my emergency fund, but

605
00:27:56,000 --> 00:27:58,760
Speaker 1: my biggest nest egg would be gone. My question is

606
00:27:59,000 --> 00:28:01,119
Speaker 1: should I keep saving for the house and be patient

607
00:28:01,160 --> 00:28:03,640
Speaker 1: with the debt snowball or get rid of the debt

608
00:28:03,720 --> 00:28:06,679
Speaker 1: as soon as possible. Thank you for your time. Cheers boys.

609
00:28:07,119 --> 00:28:09,639
Speaker 1: All right, Matt, thanks so much for the question. And

610
00:28:09,680 --> 00:28:12,399
Speaker 1: first off, we love that you have a plan and

611
00:28:12,400 --> 00:28:14,080
Speaker 1: that you're gonna be debt free in four to five years.

612
00:28:14,119 --> 00:28:16,560
Speaker 1: I think that's fantastic. But first off, we've got two

613
00:28:16,800 --> 00:28:18,680
Speaker 1: big questions for you. A couple of things that you

614
00:28:18,720 --> 00:28:22,080
Speaker 1: want to ask yourself are what is the interest rate?

615
00:28:22,160 --> 00:28:24,720
Speaker 1: And also how quickly do you want to buy a home?

616
00:28:25,160 --> 00:28:27,399
Speaker 1: I know you mentioned doing the debt snowball, but if

617
00:28:27,440 --> 00:28:29,679
Speaker 1: you have any loans with an interest rate that's a

618
00:28:29,680 --> 00:28:32,520
Speaker 1: little bit higher, right like anything over maybe about seven percent,

619
00:28:32,760 --> 00:28:35,359
Speaker 1: we would recommend you to focus your efforts and knocking

620
00:28:35,359 --> 00:28:39,080
Speaker 1: out that debt first, and your timeline is important here

621
00:28:39,120 --> 00:28:40,960
Speaker 1: as well. And you say you wanted to have a

622
00:28:40,960 --> 00:28:43,560
Speaker 1: house maybe in the next couple of years, Well, if

623
00:28:43,560 --> 00:28:46,160
Speaker 1: you can ask that one debt and build your down

624
00:28:46,240 --> 00:28:48,720
Speaker 1: payment back up in two years, like just in time

625
00:28:48,760 --> 00:28:50,560
Speaker 1: to buy a house, that seems like a good recipe

626
00:28:50,600 --> 00:28:52,360
Speaker 1: for success, right, Like you're able to knock out that

627
00:28:52,400 --> 00:28:55,160
Speaker 1: debt completely while also achieving this this massive goal of

628
00:28:55,200 --> 00:28:57,520
Speaker 1: purchasing at home. I think that's great, Yeah, Matt, I agree.

629
00:28:57,560 --> 00:28:59,800
Speaker 1: So much of it with this question comes down to

630
00:29:00,160 --> 00:29:03,520
Speaker 1: Math's timeline and how quickly he's able to build that

631
00:29:03,600 --> 00:29:06,600
Speaker 1: savings back up after he pays down that debt. And

632
00:29:06,600 --> 00:29:08,840
Speaker 1: I would say this the argument for not paying the

633
00:29:08,880 --> 00:29:12,000
Speaker 1: debt off and holding onto that money and making sure

634
00:29:12,080 --> 00:29:13,920
Speaker 1: that you have it for a down payment when you

635
00:29:13,960 --> 00:29:16,440
Speaker 1: buy a house, Matt, is if buying a home would

636
00:29:16,520 --> 00:29:19,680
Speaker 1: also lower your housing costs, then I would say keeping

637
00:29:19,720 --> 00:29:22,000
Speaker 1: that down payment in hand makes a lot of sense,

638
00:29:22,040 --> 00:29:23,600
Speaker 1: Like you don't want to screw that up if it's

639
00:29:23,600 --> 00:29:26,000
Speaker 1: going to lower your monthly bills. And then once you

640
00:29:26,040 --> 00:29:28,560
Speaker 1: buy that home essentially allow you to put even more

641
00:29:28,680 --> 00:29:31,720
Speaker 1: of your monthly income towards paying down debt. Then you

642
00:29:31,720 --> 00:29:33,680
Speaker 1: probably want to keep that money in hand as a

643
00:29:33,720 --> 00:29:36,800
Speaker 1: down payment, and it's particularly helpful if you're at that

644
00:29:36,920 --> 00:29:40,480
Speaker 1: key mark for a down payment amount, so you can

645
00:29:40,520 --> 00:29:43,080
Speaker 1: avoid the additional expense of p m I and Matt,

646
00:29:43,120 --> 00:29:45,040
Speaker 1: I think I randomly brought up p m I earlier

647
00:29:45,080 --> 00:29:47,560
Speaker 1: in the episode, But basically, if you can avoid that

648
00:29:47,600 --> 00:29:51,080
Speaker 1: private mortgage insurance, that can be a hundred fifty a

649
00:29:51,160 --> 00:29:53,800
Speaker 1: month of money that's just oozing out of your budget

650
00:29:53,960 --> 00:29:57,240
Speaker 1: that you're able to claw back in by putting down

651
00:29:57,560 --> 00:30:00,600
Speaker 1: on the purchase of a home. So, yeah, that something

652
00:30:00,640 --> 00:30:02,880
Speaker 1: really important to consider, Matt. If your housing costs are

653
00:30:02,880 --> 00:30:05,200
Speaker 1: going to go down, if you're avoiding those additional fees,

654
00:30:05,440 --> 00:30:07,160
Speaker 1: then you want to make sure you hang onto that

655
00:30:07,200 --> 00:30:09,280
Speaker 1: money and don't pay down your debt so that you

656
00:30:09,320 --> 00:30:11,480
Speaker 1: can't afford to lower your housing costs when you buy

657
00:30:11,520 --> 00:30:13,480
Speaker 1: this house. Yeah. Well, here's the other thing that I

658
00:30:13,560 --> 00:30:15,080
Speaker 1: want to make sure we cover as well, though, is

659
00:30:15,120 --> 00:30:17,960
Speaker 1: that Matt. Here he's talking about the debt snowball and

660
00:30:18,000 --> 00:30:19,800
Speaker 1: how that's working out for him, And we've talked about

661
00:30:19,800 --> 00:30:22,440
Speaker 1: this recently, But I don't want to underestimate the psychological

662
00:30:22,560 --> 00:30:26,120
Speaker 1: and emotional power of eliminating debt from your life, Joel,

663
00:30:26,120 --> 00:30:28,240
Speaker 1: you kind of mentioned the argument for purchasing the home,

664
00:30:28,280 --> 00:30:30,360
Speaker 1: and we talked about the argument for going ahead and

665
00:30:30,400 --> 00:30:33,320
Speaker 1: paying off, in particular some debts that have a higher

666
00:30:33,320 --> 00:30:36,600
Speaker 1: interest rate. Well, these things go completely counter to the

667
00:30:36,640 --> 00:30:39,880
Speaker 1: debt snowball, right, And if Matt's in this situation where

668
00:30:39,880 --> 00:30:43,680
Speaker 1: he sees that he's making serious traction with the debt snowball,

669
00:30:44,080 --> 00:30:46,440
Speaker 1: sometimes when you spread yourself too thin and you're trying

670
00:30:46,480 --> 00:30:49,640
Speaker 1: to knock out multiple goals at once, that can really

671
00:30:49,680 --> 00:30:52,480
Speaker 1: slow you down. And for a lot of folks and

672
00:30:52,560 --> 00:30:55,400
Speaker 1: myself included, that can kind of discourage me. And so

673
00:30:55,480 --> 00:30:58,000
Speaker 1: I think when we're able to really focus our efforts,

674
00:30:58,200 --> 00:31:00,160
Speaker 1: I can just go a really long way. Since so

675
00:31:00,280 --> 00:31:03,080
Speaker 1: it takes a lot of knowing yourself and knowing how

676
00:31:03,240 --> 00:31:06,320
Speaker 1: you might respond to setting these multiple goals out in

677
00:31:06,320 --> 00:31:08,160
Speaker 1: front of you. So I do think you want to

678
00:31:08,160 --> 00:31:10,440
Speaker 1: make sure that you consider how much your bought into

679
00:31:10,600 --> 00:31:14,920
Speaker 1: the debt snowball approach to paying down your debts. But Matt, like, really,

680
00:31:14,920 --> 00:31:16,960
Speaker 1: there's just a lot to consider. But maybe one of

681
00:31:16,960 --> 00:31:18,400
Speaker 1: the things you can do is just making a list

682
00:31:18,400 --> 00:31:21,920
Speaker 1: of the benefits of each option and going with whichever

683
00:31:21,960 --> 00:31:24,800
Speaker 1: one means the most to you. There may not necessarily

684
00:31:24,960 --> 00:31:27,080
Speaker 1: be a right or wrong answer here, but instead a

685
00:31:27,120 --> 00:31:30,080
Speaker 1: solution that fits your goals the best and whatever it

686
00:31:30,160 --> 00:31:32,640
Speaker 1: is that you want to achieve in the next few years. Yeah, man,

687
00:31:32,640 --> 00:31:34,640
Speaker 1: I think what you said about a single minded focus

688
00:31:34,960 --> 00:31:37,680
Speaker 1: is really powerful and really important. And I think sometimes

689
00:31:37,760 --> 00:31:39,760
Speaker 1: when we try to do two things at once, we

690
00:31:39,840 --> 00:31:42,920
Speaker 1: do neither thing well. So, more than anything, I think

691
00:31:43,160 --> 00:31:46,560
Speaker 1: Matt definitely needs to assess his goal first, his main goal,

692
00:31:46,800 --> 00:31:48,960
Speaker 1: and then attack that as hard as you can. And

693
00:31:49,000 --> 00:31:50,920
Speaker 1: if it delays buying a house, it might delay buying

694
00:31:50,920 --> 00:31:53,080
Speaker 1: a house. Sometimes that's the case. Our other goals get

695
00:31:53,080 --> 00:31:55,400
Speaker 1: delayed when we have another goal that we're focusing on

696
00:31:55,440 --> 00:31:57,720
Speaker 1: that's even more important to us. That's great, man, Yeah,

697
00:31:57,760 --> 00:31:59,960
Speaker 1: focus on whatever is going to move the needle the most.

698
00:32:00,400 --> 00:32:02,240
Speaker 1: All right, Matt, But we got one more question we

699
00:32:02,280 --> 00:32:03,760
Speaker 1: have to get to, and this one is from a

700
00:32:03,800 --> 00:32:08,040
Speaker 1: listener trying to lower her monthly payment on her student loans. Hey, guys,

701
00:32:08,120 --> 00:32:10,880
Speaker 1: this is taking an anchorage Alaska. I love your show

702
00:32:10,920 --> 00:32:12,760
Speaker 1: and your advice, so I'm curious as to what you

703
00:32:12,760 --> 00:32:16,920
Speaker 1: have to say about my current situation. I recently graduated

704
00:32:16,920 --> 00:32:18,920
Speaker 1: with the Masters of Social Work and I'm set to

705
00:32:18,960 --> 00:32:22,880
Speaker 1: start repaying my loans in January February. I currently work

706
00:32:22,920 --> 00:32:24,760
Speaker 1: at a nonprofit and planning to do so for the

707
00:32:24,800 --> 00:32:28,200
Speaker 1: foreseeable future, and so I'm planning ongoing for the Public

708
00:32:28,240 --> 00:32:31,600
Speaker 1: Service Forgiveness loan program. Part of this program is being

709
00:32:31,640 --> 00:32:33,840
Speaker 1: on an income based through payment plan, and right now,

710
00:32:33,880 --> 00:32:36,280
Speaker 1: the quote that I'm getting is way more than my

711
00:32:36,360 --> 00:32:39,040
Speaker 1: husband and I can afford on a monthly basis. It

712
00:32:39,080 --> 00:32:41,360
Speaker 1: also seems to me that it's in our best interest

713
00:32:41,400 --> 00:32:43,960
Speaker 1: to pay the least amount possible for the next ten years.

714
00:32:44,640 --> 00:32:46,800
Speaker 1: I'm curious ast if you have any tips or tricks

715
00:32:46,840 --> 00:32:49,480
Speaker 1: on how to get this minimum monthly payment down. I

716
00:32:49,520 --> 00:32:52,440
Speaker 1: did read the filing our taxes as married. Filing separately

717
00:32:52,480 --> 00:32:54,280
Speaker 1: can help so that I don't have to include my

718
00:32:54,360 --> 00:32:57,720
Speaker 1: husband's income, but I'm also concerned that if we end

719
00:32:57,800 --> 00:33:00,480
Speaker 1: up giving me all the deductions and will end up

720
00:33:00,480 --> 00:33:03,160
Speaker 1: having to pay taxes on his half. Most of the

721
00:33:03,200 --> 00:33:05,720
Speaker 1: information I can find on student loans in the money

722
00:33:05,720 --> 00:33:09,280
Speaker 1: field right now is on how to pay the student

723
00:33:09,320 --> 00:33:11,960
Speaker 1: loans off in the quickest and most efficient way possible.

724
00:33:12,320 --> 00:33:14,320
Speaker 1: But since I want to pay the least amount possible,

725
00:33:14,600 --> 00:33:17,240
Speaker 1: there doesn't seem to be much available. I would really

726
00:33:17,240 --> 00:33:19,680
Speaker 1: appreciate any advice or tips and tricks you have on this.

727
00:33:20,080 --> 00:33:22,920
Speaker 1: Thanks guys, and keep up the great work. Tigan, thanks

728
00:33:22,920 --> 00:33:25,600
Speaker 1: so much for for your question and congrats on your

729
00:33:25,600 --> 00:33:27,600
Speaker 1: master's degree. It takes a lot of hard work to

730
00:33:27,600 --> 00:33:30,400
Speaker 1: go back to school and get that advanced degree. That's

731
00:33:30,400 --> 00:33:32,520
Speaker 1: what I hear. But I wouldn't know because I wouldn't

732
00:33:32,520 --> 00:33:34,959
Speaker 1: know either. I haven't done it well, Joel. Actually, Teagan

733
00:33:35,120 --> 00:33:37,160
Speaker 1: makes me think of Tegan and Sarah. Did you ever

734
00:33:37,200 --> 00:33:39,120
Speaker 1: listen to Tegan and Sarah back in the day. I've

735
00:33:39,120 --> 00:33:41,280
Speaker 1: heard of them, but no, I didn't really, Yeah, whn't

736
00:33:41,280 --> 00:33:43,560
Speaker 1: at the same time like ryl Lo Kilie and yeah

737
00:33:43,600 --> 00:33:46,600
Speaker 1: yeah the era the same genre too, right kinda yeah,

738
00:33:46,640 --> 00:33:48,959
Speaker 1: like indie pop, kind of indie rock. I will say

739
00:33:49,000 --> 00:33:51,400
Speaker 1: I still listen to Jenny Lewis. I love her music. Yeah. Well,

740
00:33:51,400 --> 00:33:53,160
Speaker 1: I mean she's been part of all these other different

741
00:33:53,200 --> 00:33:56,360
Speaker 1: groups as well. So it helps to constantly innovate, keeps

742
00:33:56,360 --> 00:33:58,640
Speaker 1: you relevant. True. True, All right, Matt, But let's get

743
00:33:58,680 --> 00:34:02,480
Speaker 1: to Tigan's question about public service loan forgiveness and Matt,

744
00:34:02,520 --> 00:34:05,000
Speaker 1: we would first off say that public service loan forgiveness

745
00:34:05,040 --> 00:34:08,640
Speaker 1: is a great move if you meet all the requirements,

746
00:34:08,920 --> 00:34:11,200
Speaker 1: and I do stress all the requirements. People have had

747
00:34:11,440 --> 00:34:16,400
Speaker 1: trouble actually achieving the debt forgiveness at the end of

748
00:34:16,560 --> 00:34:19,600
Speaker 1: their public service because they didn't meet all the check

749
00:34:19,640 --> 00:34:22,400
Speaker 1: marks that are required to actually get that forgiveness. And

750
00:34:22,440 --> 00:34:24,520
Speaker 1: so in the show notes, will post a link to

751
00:34:24,560 --> 00:34:27,040
Speaker 1: where you can see all the requirements that you have

752
00:34:27,160 --> 00:34:30,040
Speaker 1: to meet in order to actually get that loan forgiveness.

753
00:34:30,239 --> 00:34:31,799
Speaker 1: And also one of the things that he can said

754
00:34:31,800 --> 00:34:33,920
Speaker 1: in our questions, she said for she was planning on

755
00:34:34,040 --> 00:34:37,719
Speaker 1: working where she is for the foreseeable future. And I

756
00:34:37,719 --> 00:34:40,880
Speaker 1: think it's really important to stress that if your goal

757
00:34:40,960 --> 00:34:44,000
Speaker 1: is to achieve PSLF, you really need to commit for

758
00:34:44,080 --> 00:34:47,160
Speaker 1: a full ten years. If you're going to go in

759
00:34:47,160 --> 00:34:50,080
Speaker 1: that direction, if you're planning on being there five or

760
00:34:50,120 --> 00:34:52,919
Speaker 1: six or even nine years, well it just doesn't make

761
00:34:53,000 --> 00:34:56,320
Speaker 1: sense to pursue that direction if you're not fully committed,

762
00:34:56,600 --> 00:34:58,840
Speaker 1: because if at the end of all those years that

763
00:34:58,920 --> 00:35:01,440
Speaker 1: forgiveness isn't there for you, then really you were kind

764
00:35:01,440 --> 00:35:03,799
Speaker 1: of spinning your wheels for quite a long period of time. Well,

765
00:35:03,840 --> 00:35:06,960
Speaker 1: so you started saying PSLF, which I appreciate because that

766
00:35:07,080 --> 00:35:09,920
Speaker 1: is so much faster to say than public service loan

767
00:35:09,960 --> 00:35:12,680
Speaker 1: forgiveness through trums. A lot of syllables there, Tagan. You

768
00:35:12,719 --> 00:35:15,200
Speaker 1: mentioned lowering your monthly payments. A way to do that

769
00:35:15,360 --> 00:35:18,600
Speaker 1: is by lowering your adjusted gross income your a g

770
00:35:18,760 --> 00:35:22,000
Speaker 1: I in order to lower your student loan payments. So

771
00:35:22,120 --> 00:35:24,120
Speaker 1: how do you do that? You can save more for

772
00:35:24,200 --> 00:35:26,920
Speaker 1: retirement to lower that a g I by contributing to

773
00:35:27,080 --> 00:35:28,600
Speaker 1: A four O one K, A four O three B

774
00:35:29,239 --> 00:35:33,320
Speaker 1: even traditional iras. Those will offer you an outsize benefit

775
00:35:33,360 --> 00:35:35,560
Speaker 1: not only by lowering your monthly payments, but of course

776
00:35:35,640 --> 00:35:38,040
Speaker 1: you're sacking away more money for retirement, which is a

777
00:35:38,120 --> 00:35:40,680
Speaker 1: huge win. Yeah. Yeah, most people lowering their a g

778
00:35:40,840 --> 00:35:43,400
Speaker 1: I by saving more for retirement. It's really beneficial. But

779
00:35:43,440 --> 00:35:46,319
Speaker 1: it's even more beneficial if you're trying to lower your

780
00:35:46,360 --> 00:35:49,000
Speaker 1: student loan payment. It's essentially allowing you to be forgiven

781
00:35:49,280 --> 00:35:51,640
Speaker 1: for even more of your student loan debt. Yeah, dude,

782
00:35:51,640 --> 00:35:54,320
Speaker 1: it's seriously win win. And we also have to mention

783
00:35:54,640 --> 00:35:57,560
Speaker 1: Health savings accounts h S a S right if you

784
00:35:57,640 --> 00:36:00,760
Speaker 1: are eligible, this can be another great option for investing

785
00:36:00,760 --> 00:36:03,040
Speaker 1: your money towards retirement and lowering your a g I

786
00:36:03,280 --> 00:36:06,480
Speaker 1: and Tigan did mention the option of filing separately as

787
00:36:06,480 --> 00:36:09,040
Speaker 1: a married couple, and that might be a good route

788
00:36:09,040 --> 00:36:11,040
Speaker 1: to go, but there's also a chance you want to

789
00:36:11,080 --> 00:36:15,520
Speaker 1: forget PSLF altogether if there's not going to be much

790
00:36:15,600 --> 00:36:18,640
Speaker 1: left to forgive in the end, we would suggest running

791
00:36:18,719 --> 00:36:22,120
Speaker 1: the numbers with a student loan repayment calculator and will

792
00:36:22,160 --> 00:36:24,480
Speaker 1: link to a good one in the show notes, because

793
00:36:24,480 --> 00:36:27,759
Speaker 1: there are a number of potential options to consider with

794
00:36:27,880 --> 00:36:30,480
Speaker 1: your specific details that we don't have in hand, So

795
00:36:30,560 --> 00:36:33,239
Speaker 1: run those numbers for your specific scenario and that can

796
00:36:33,280 --> 00:36:37,560
Speaker 1: help you determine whether filing separately instead of jointly as

797
00:36:37,560 --> 00:36:40,200
Speaker 1: a married couple makes sense for you. And since there's

798
00:36:40,200 --> 00:36:42,479
Speaker 1: a lot of money at stake here, we would also

799
00:36:42,520 --> 00:36:46,280
Speaker 1: suggest to consider hiring a CSLP, which is a certified

800
00:36:46,320 --> 00:36:49,320
Speaker 1: Student loan professional to help you pick the right repayment

801
00:36:49,320 --> 00:36:52,520
Speaker 1: option for you. These people are essentially experts in the

802
00:36:52,560 --> 00:36:55,920
Speaker 1: field who can walk you through all the potential different scenarios,

803
00:36:56,080 --> 00:36:59,880
Speaker 1: the tax implications, the debt forgiveness implications, I mean everything,

804
00:37:00,280 --> 00:37:03,319
Speaker 1: and I think you, in particular teaching would benefit from

805
00:37:03,360 --> 00:37:07,160
Speaker 1: talking with the CSLP about your specific situation so that

806
00:37:07,200 --> 00:37:09,440
Speaker 1: you can make a percent sure you're making the right

807
00:37:09,480 --> 00:37:12,640
Speaker 1: decision with all of the different variables and moving parts

808
00:37:12,840 --> 00:37:15,480
Speaker 1: taking place in your scenario. Yeah. Man, they're going to

809
00:37:15,520 --> 00:37:17,880
Speaker 1: specifically know all the different requirements that you have to

810
00:37:17,920 --> 00:37:20,719
Speaker 1: meet in order to make sure you qualify at the

811
00:37:20,880 --> 00:37:23,800
Speaker 1: end of those ten years, and they'll know what levers

812
00:37:23,840 --> 00:37:26,359
Speaker 1: you can pull the lower your monthly payments to where

813
00:37:26,360 --> 00:37:29,880
Speaker 1: you're getting the maximum amount of student loan debt forgiveness exactly.

814
00:37:29,880 --> 00:37:32,880
Speaker 1: And that's a beautiful thing, exactly man. And speaking of cslps,

815
00:37:33,520 --> 00:37:36,000
Speaker 1: our friend Megan and who's been on the podcast before,

816
00:37:36,120 --> 00:37:38,720
Speaker 1: she has a really helpful article up on the site

817
00:37:38,960 --> 00:37:42,320
Speaker 1: regarding filing separately filing jointly when it comes to your taxes,

818
00:37:42,719 --> 00:37:45,080
Speaker 1: uh and student loans. And again we'll make sure to

819
00:37:45,200 --> 00:37:47,680
Speaker 1: link to that article as well in the show notes.

820
00:37:47,760 --> 00:37:50,600
Speaker 1: And she is a c s LP, yes exactly. Yeah,

821
00:37:50,680 --> 00:37:52,759
Speaker 1: we wanted to mention c s LP because she is

822
00:37:52,880 --> 00:37:54,799
Speaker 1: a CSLP, so really yeah, when we had her on

823
00:37:54,800 --> 00:37:56,600
Speaker 1: the show before, I mean, you can ask her anything

824
00:37:56,600 --> 00:37:59,640
Speaker 1: about student loans. She knows it. And it's important to

825
00:37:59,640 --> 00:38:02,040
Speaker 1: have some one like that in your court, especially in

826
00:38:02,120 --> 00:38:05,719
Speaker 1: a situation that sounds as complex as yours. Tea and

827
00:38:05,800 --> 00:38:07,640
Speaker 1: so yeah, I would definitely suggest that for you in

828
00:38:07,640 --> 00:38:09,600
Speaker 1: that article I think will be of some service as well.

829
00:38:09,760 --> 00:38:11,319
Speaker 1: All right, Matt, let's take you back to the beer

830
00:38:11,360 --> 00:38:13,480
Speaker 1: that we had on this episode today. On the show,

831
00:38:13,520 --> 00:38:15,960
Speaker 1: we drank a beer called King Sue by Toppling Goliath

832
00:38:16,000 --> 00:38:18,680
Speaker 1: Brewing Company. These guys are out of Iowa. What was

833
00:38:18,680 --> 00:38:20,120
Speaker 1: your take on this beer? Man? Well, first of all,

834
00:38:20,120 --> 00:38:22,120
Speaker 1: why is it called King Sue? Is that a thing?

835
00:38:22,400 --> 00:38:24,319
Speaker 1: I have no idea? This says King Sue. And then

836
00:38:24,320 --> 00:38:27,200
Speaker 1: it's got the toyrnosaurs rex on there. I don't know

837
00:38:27,239 --> 00:38:29,920
Speaker 1: what that means, but it's a good name and I

838
00:38:29,960 --> 00:38:32,239
Speaker 1: remember it. But that's not what you asked me. You

839
00:38:32,280 --> 00:38:34,239
Speaker 1: asked me what I thought about this beer. First off,

840
00:38:34,239 --> 00:38:36,600
Speaker 1: I want to mention how it poured, this cloudy, kind

841
00:38:36,600 --> 00:38:40,040
Speaker 1: of hazy pineapple mango color. We need time of beer

842
00:38:40,080 --> 00:38:42,200
Speaker 1: poors like that. It always gets my attention right off

843
00:38:42,239 --> 00:38:45,479
Speaker 1: the bat, and I'm already stoked to be drinking that beer.

844
00:38:45,800 --> 00:38:47,319
Speaker 1: But on the nose, I feel like this this beer

845
00:38:47,360 --> 00:38:49,960
Speaker 1: had a kind of a candied fruit smell to it.

846
00:38:50,000 --> 00:38:52,480
Speaker 1: But then you taste it and it has that unmistakable

847
00:38:52,640 --> 00:38:54,960
Speaker 1: I p A profile. It's got a lot of hops,

848
00:38:55,000 --> 00:38:57,319
Speaker 1: a lot of fruit flavors going on here. It's super balanced,

849
00:38:57,560 --> 00:39:00,080
Speaker 1: really delicious beer. I do feel that the amount of

850
00:39:00,120 --> 00:39:01,520
Speaker 1: hops that was in this i PA it wasn't over

851
00:39:01,520 --> 00:39:03,239
Speaker 1: the top. It wasn't one of the ones where it

852
00:39:03,280 --> 00:39:04,640
Speaker 1: totally hits you, but it kind of like snuck in

853
00:39:04,680 --> 00:39:06,000
Speaker 1: the back door a little bit where it's sort of

854
00:39:06,040 --> 00:39:08,080
Speaker 1: like almost like a little sizzle, like a little tingle

855
00:39:08,080 --> 00:39:09,960
Speaker 1: on your tongue a little bit as you're drinking it.

856
00:39:10,480 --> 00:39:12,480
Speaker 1: Really good beer, man, What were your thoughts? Yeah, man,

857
00:39:12,520 --> 00:39:14,040
Speaker 1: I really enjoyed this one. This one's all the way

858
00:39:14,040 --> 00:39:15,960
Speaker 1: from Iowa, so it's not like we have access to

859
00:39:16,000 --> 00:39:19,279
Speaker 1: it here in Georgia. It's a it's a smaller brewery. Yeah,

860
00:39:19,280 --> 00:39:21,600
Speaker 1: they're out there in Decorah, Iowa. Is that how you

861
00:39:21,640 --> 00:39:23,800
Speaker 1: say that? I guess I've never been there, but listener,

862
00:39:23,880 --> 00:39:25,440
Speaker 1: Joe was really kind to send us bear away so

863
00:39:25,480 --> 00:39:28,319
Speaker 1: we could get a taste. And I think pineapple was

864
00:39:28,640 --> 00:39:30,680
Speaker 1: the main flavor I got out of there, which I

865
00:39:30,719 --> 00:39:32,640
Speaker 1: love in an I p A, Like a really pineapple

866
00:39:32,719 --> 00:39:35,160
Speaker 1: forward flavor in my I p A. And so yeah,

867
00:39:35,239 --> 00:39:37,960
Speaker 1: this beer has just this killer reputation with like the

868
00:39:37,960 --> 00:39:40,080
Speaker 1: best can art and a giant t Rex on the

869
00:39:40,080 --> 00:39:43,600
Speaker 1: front and the liquid inside just didn't disappoint. It was delicious.

870
00:39:43,960 --> 00:39:45,880
Speaker 1: Everything I want in a double I p a. It

871
00:39:45,960 --> 00:39:48,319
Speaker 1: was sweet, it had a hoppy bite, and so yeah, man,

872
00:39:48,440 --> 00:39:49,879
Speaker 1: King Sue, I'm gonna give it a lot of love.

873
00:39:50,000 --> 00:39:51,840
Speaker 1: It was a great beer. Yeah for Lucky. One of

874
00:39:51,880 --> 00:39:53,640
Speaker 1: these days we can actually make it out to that

875
00:39:53,680 --> 00:39:55,440
Speaker 1: specific brewer. I want to be there because they have

876
00:39:55,880 --> 00:39:58,960
Speaker 1: a lot of amazing beers that I have never tried,

877
00:39:59,040 --> 00:40:01,520
Speaker 1: and so they're very high on my list. Yeah, when

878
00:40:01,520 --> 00:40:03,320
Speaker 1: you look at some of the other beers on Toppling

879
00:40:03,400 --> 00:40:05,799
Speaker 1: Goliath beer list, people are obsessed with them and they

880
00:40:05,800 --> 00:40:08,919
Speaker 1: get just the highest ratings. Yes, yeah, yeah, a pilgrimage

881
00:40:08,920 --> 00:40:11,720
Speaker 1: is due us to that very I think it sounds

882
00:40:11,719 --> 00:40:13,160
Speaker 1: like we just need to get an air stream and

883
00:40:13,719 --> 00:40:16,520
Speaker 1: just go around the whole country really visiting breweries, and

884
00:40:16,560 --> 00:40:18,880
Speaker 1: maybe that will happen someday. But Matt, that's going to

885
00:40:18,960 --> 00:40:21,279
Speaker 1: do it for this episode. And again, for people that

886
00:40:21,400 --> 00:40:23,919
Speaker 1: do want to submit a question for a future ask

887
00:40:24,120 --> 00:40:26,480
Speaker 1: htm episode, we would love to hear from you. We

888
00:40:26,600 --> 00:40:28,960
Speaker 1: love taking your listener questions. It's always a lot of

889
00:40:28,960 --> 00:40:31,720
Speaker 1: fun for us. So all you gotta do it's really simple.

890
00:40:31,800 --> 00:40:34,840
Speaker 1: Follow the easy instructions on our website at how to

891
00:40:34,960 --> 00:40:37,719
Speaker 1: money dot com slash ask yep. You can find that

892
00:40:37,800 --> 00:40:39,560
Speaker 1: there as well as our show notes, where we're gonna

893
00:40:39,600 --> 00:40:41,279
Speaker 1: have links to a lot of the different things that

894
00:40:41,320 --> 00:40:44,839
Speaker 1: we discussed specifically with the PSLF question. So Joel, that's

895
00:40:44,840 --> 00:40:47,359
Speaker 1: gonna do it. Man. Until next time, Best friends Out,

896
00:40:47,360 --> 00:40:48,319
Speaker 1: Best Friends Out,