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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're talking holiday return hassles, tax relief, and

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Speaker 1: stranded by Southwest. You know what, buddy, this is our

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Speaker 1: Friday Flight episode where every single Friday, we are covering

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Speaker 1: the headlines that we think are most important, the most

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Speaker 1: pertinent to your personal finances. But Joel, first, let's give

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Speaker 1: the how to Money Facebook group some love. Let's do

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Speaker 1: Let's saw you posted a question there recently, a most

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Speaker 1: curious resolutions financial goals for the coming year. Yeah. I

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Speaker 1: was wondering, like, okay, for all of our how to

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Speaker 1: Money listeners who are in the Facebook group, and if

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Speaker 1: you're how to Money listener and you're not in the

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Speaker 1: Facebook group, well I either hope you're not on Facebook

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Speaker 1: or um just ignorant of it, because it's a good

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Speaker 1: place to be if you know, if you know about it,

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Speaker 1: what do you what do you do? What are you

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Speaker 1: actually spending your doing? There's great people and they're helping

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Speaker 1: each other out. But I decided to pose the question

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Speaker 1: like what are your financial goals for this coming year?

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Speaker 1: And then I also had the follow up question like

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Speaker 1: how are you planning to get there? Like do you

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Speaker 1: have any any sort of accountability that you're going to

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Speaker 1: incorporate so that you're actually going to get there. But

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Speaker 1: I was just like pleasantly surprised to see all. I

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Speaker 1: don't know, not surprised, just happy to see the responses

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Speaker 1: from people, the intentionality from listeners. Yeah. So Liz said,

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Speaker 1: I'm paying off twenty dollars in credit card debt in

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Speaker 1: fifteen weeks. That's her plan, and I was like, fifteen weeks,

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Speaker 1: that's amazing, So big costa, Liz, uh, not very long. Yeah,

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Speaker 1: and Alyssa said she's got a plan to pay for

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Speaker 1: her wedding this coming summer, which I thought was great,

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Speaker 1: Like everybody had a plan they weren't for It wasn't

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Speaker 1: just payeing this guy like, man, I sure hope this

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Speaker 1: happens this year. It was everybody that that posted was

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Speaker 1: pretty much like here's why I'm doing this and here's

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Speaker 1: how I'm gonna get there. Susan said, like she's getting

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Speaker 1: her first rental property ready. Andrew actually interesting reply. He

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Speaker 1: said he's going to invest less money this year and

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Speaker 1: he's gonna yeah yeah. He His focus was less on

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Speaker 1: what do you say on like financial or monetary wealth

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Speaker 1: and instead too, he wants to up his experiential wealth.

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Speaker 1: And we might think that we would, you know, be

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Speaker 1: upset with that none, but no, not at all, Like

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Speaker 1: there's that one was one of my various because like

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Speaker 1: for I mean, well, like we talked about this on

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Speaker 1: the show, right, how it is important to develop hobbies,

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Speaker 1: like personal hobbies that way when it does come time

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Speaker 1: to retire, that you're not just wondering what you should

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Speaker 1: be spending your your time on. Right, It's difficult to

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Speaker 1: go from working with zero time for your personal life too,

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Speaker 1: then completely flipping that where you're not working at all

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Speaker 1: and you're just wondering, is this a mistake? Should I

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Speaker 1: still be working instead of not knowing what I'm supposed

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Speaker 1: to be doing with my life? And some of those

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Speaker 1: experiences are I think one of the ways that you

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Speaker 1: gradually work your way towards retirement as opposed to like

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Speaker 1: the traditional retirement where you are working NonStop. And yeah,

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Speaker 1: Andrew he mentioned specifically that he's coast fire, and that's

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Speaker 1: not because that means you can retire somewhere on the

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Speaker 1: beach or something like that. It means that you've done

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Speaker 1: well enough that you can kind of take your foot

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Speaker 1: off the gas a little bit frontloaded that investment. He's

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Speaker 1: done more than he needed to. Can coast a little bit. Yeah,

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Speaker 1: and we've you know, we've shared on the show. I

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Speaker 1: mean just been a couple of years. I guess that

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Speaker 1: we are also coast fire. But it's still it's difficult

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Speaker 1: to break out of the habit of saving as much

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Speaker 1: as you possibly can and instead looking to some of

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Speaker 1: the different ways that we can creatively spend money to

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Speaker 1: heighten the experiences of not only ourselves but also are

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Speaker 1: our family members too. Yeah, and and I think just

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Speaker 1: what Andrew said, and well, just I'm proud of all

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Speaker 1: the listeners who have these great goals. But I think

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Speaker 1: based on what he said, like there's this massive truth

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Speaker 1: that a lot that never gets said really in the

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Speaker 1: personal finance room, that more money, continually uh investing and

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Speaker 1: growing your money, that that's not always the goal. And

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Speaker 1: the goal is to live the best life you can

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Speaker 1: while being smart with your money. And sometimes that does

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Speaker 1: mean investing more in some years and in other years

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Speaker 1: it means like wait a second, I need to actually

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Speaker 1: like invest in a vacation for my family. I need

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Speaker 1: to I need to think better. I think more about

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Speaker 1: where my money is going. And it's not always like

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Speaker 1: maxing out all the retirement accounts in perpetuity until you die,

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Speaker 1: right like that That also is not a great goal,

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Speaker 1: not a great way to think about it. But um, yeah,

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Speaker 1: so good to do early on, and it's good to

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Speaker 1: develop that habit right that way. Maybe it comes a

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Speaker 1: little more naturally. Uh, it's a lot more fun to

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Speaker 1: have to find ways to create. I don't know, I

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Speaker 1: like saying creatively spend money because it's not like we

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Speaker 1: want you just to mindlessly consume anything that gets fed

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Speaker 1: to you as an ad right, Like, we want you

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Speaker 1: to think through some of the intentional ways that you

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Speaker 1: want to heighten the joy and the value that you

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Speaker 1: can get from the money that you have. Ye, I

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Speaker 1: feel like this is so interested like a good sort

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Speaker 1: of encapsulation of our show. Yeah, it's like equivalent which

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Speaker 1: all the time. It's like, take a couple of things

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Speaker 1: in your life that you value a ton, spend on

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Speaker 1: those things so that you can, yeah, reap the enjoyment

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Speaker 1: of the dollars that you're making now while you're also

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Speaker 1: being smart and intentional and saving the investing for the future. Absolutely,

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Speaker 1: and We've got a lot of listeners who are doing

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Speaker 1: that very thing. So and and by the way, if

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Speaker 1: you're not a member of the how to Money Facebook group,

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Speaker 1: check it out and join it. And there's a link

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Speaker 1: on the website. You can just type it into the

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Speaker 1: search bar on Facebook. But Matt, let's get to our

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Speaker 1: Friday flight, a quick sampling of stories we found interesting

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Speaker 1: this week. Let's talk about that taxually for for a second.

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Speaker 1: Let's get to that first up, because we've got a

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Speaker 1: quick update on an I R S move that we

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Speaker 1: previously talked about on the show. Third party settlement companies

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Speaker 1: think paypalor Venmo. They were being required to send out

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Speaker 1: to any person who received over six hundred dollars in

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Speaker 1: total payments last year. And this was a change from

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Speaker 1: previous years where the threshold was a whole lot higher.

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Speaker 1: This is just one of the ways in which the

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Speaker 1: I R S was beefing up compliance to gather more

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Speaker 1: tax dollars. The RS has more money, they're hiring more people,

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Speaker 1: and they want to make sure that they're not leaving

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Speaker 1: any stone unturned when it comes to tax payments. Right, Yeah,

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Speaker 1: except that I would have expected them to look under

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Speaker 1: like how about those like five massive stones over there.

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Speaker 1: Instead they're looking under all the tiny little pebbles, the

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Speaker 1: little people make small transactions on Etsy and Eva and

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Speaker 1: stuff like that. Exactly. It's it's it seems counterintuitive, but

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Speaker 1: it's it's it was happening, and and here's the thing,

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Speaker 1: it's not actually going to happen. So, yeah, major relief

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Speaker 1: for a lot of people. The I r S has

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Speaker 1: decided to postpone that requirement to send for even though

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Speaker 1: small transactions, so you don't have to worry about those

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Speaker 1: coming into your mailbox or inbox this tax season. But

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Speaker 1: there is a good chance you will be receiving in

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Speaker 1: t next year for the transaction that you make this year,

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Speaker 1: in unless something else is done to kick this further

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Speaker 1: down the road. But it's always confusing to talk about

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Speaker 1: next year's taxes, but we mean next year's tax season

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Speaker 1: for this year's taxes this year exactly. So yeah, it's

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Speaker 1: just something we keep in mind. If you're selling items

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Speaker 1: on Etsy, you're you're driving for Uber to make extra

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Speaker 1: money on the side the what you do this year,

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Speaker 1: At least from what we know at this point, it's

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Speaker 1: will anything over six dollars is going to generate, which means, uh,

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Speaker 1: it's reported income that you've got to put on your

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Speaker 1: taxes before April next year. That's right. Yeah, And there's

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Speaker 1: also other recent changes that impact how it is that

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Speaker 1: we say for retirement in a major way. But we

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Speaker 1: didn't want to take up the entire Friday flight discussing

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Speaker 1: one singular bill, so we're actually going to cover that

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Speaker 1: in depth on Wednesday. And so if you you know,

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Speaker 1: if you want to know why if I twenty nine plans,

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Speaker 1: which is there are accounts that we've never shown a

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Speaker 1: whole lot of love to UM but they just got

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Speaker 1: a lot sexier. And if you want to know why,

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Speaker 1: tune in next week. We'll talk about how those changes

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Speaker 1: will impact you, how they might change how you should

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Speaker 1: go about investing for your future. You know what different

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Speaker 1: counts you should be prioritizing things like that. You can

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Speaker 1: look forward to that on next Wednesday's episode. Yeah, and

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Speaker 1: that is a an investment account that we have often

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Speaker 1: been Like now, for most people, it doesn't make sense,

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Speaker 1: but it's gonna make sense for a whole lot more

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Speaker 1: people will go into depth because there's just a lot

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Speaker 1: of stuff that that new bill changed, Matt, and so

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Speaker 1: the whole episode coming coming your way next week. To

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Speaker 1: talk about it, Let's talk about holliday holiday returns for

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Speaker 1: a second, because I'm sure some of our listeners got

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Speaker 1: presents they were really excited about over the holidays, and

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Speaker 1: then some of them got some stuff that maybe they hated.

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Speaker 1: It was was one in particular that you're you're pumped about. Well,

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Speaker 1: let's see. Okay, while you think, well, I got a

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Speaker 1: new cutting board. Oh nice, And that sounds like a

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Speaker 1: really just boring adult thing to get, but middle aged

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Speaker 1: dad to get excited about. What's what's special about this

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Speaker 1: cutting board? It's just a nice big wooden cutting board.

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Speaker 1: So when I like, it's just like smoke meat, I

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Speaker 1: can cut it. Is it the giant Ikea one that's

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Speaker 1: got the I don't think it's Ikea, Okay, but it's

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Speaker 1: they've got that giant bamboo one with that curls around

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Speaker 1: the front edge of the counter or whatever. I think. Okay, okay,

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Speaker 1: wait teak, yeah, I'm stepping it up. They don't. You

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Speaker 1: can't make cuney boards out of tea. You can't, I think.

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Speaker 1: So you can also leave it out in the sun

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Speaker 1: and it won't weather. Um well, speaking of barbecue. I

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Speaker 1: got me a trigger smoker. A bunch of my family

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Speaker 1: members got together, basically all of them chipped in to

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Speaker 1: buy this thing, and so it's it's it's almost as

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Speaker 1: if they listened to the podcast or maybe they had

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Speaker 1: help from a co host, because we talked about We

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Speaker 1: talked about this several couple of months ago. I guess

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Speaker 1: on the Gets Noah podcast host That's right. That was

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Speaker 1: like a hobby of mine that was kind of interested

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Speaker 1: or hoping to get into, which smoking meats. But you

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Speaker 1: can't really smoke meats unless you had smoker. Sometimes one

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Speaker 1: nice gift, one big gift is better than a bunch

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Speaker 1: of smallest sign every every Christmas. I'm trying to do that. Well.

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Speaker 1: My mom when she gives gifts, she's always really good

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Speaker 1: about doing gift for seats and shells. Like I swear,

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Speaker 1: when you first start opening the present, she says to you,

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Speaker 1: you can always you can always take this back if

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Speaker 1: you want to return it for something else. Um, and

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Speaker 1: she gives the gift for seats to go along. Listen

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Speaker 1: to take the receipt at the bottom of the box. Yeah,

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Speaker 1: she's classic, classic share share and so but what should

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Speaker 1: you do? I guess if you have been given something

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Speaker 1: and you aren't interested, you don't want it, you do

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Speaker 1: want to return it. But maybe your mom wasn't a stopful,

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Speaker 1: didn't put a gift for seat on the box. That's

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Speaker 1: a good question, and we would say, first try and

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Speaker 1: figure out where the gift came from, and be sure

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Speaker 1: to know the return policies for each we're out there.

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Speaker 1: You might have to settle for store credit if you

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Speaker 1: don't have their seat. And but here's the thing. Most

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Speaker 1: retailers are are going to allow you to make returns

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Speaker 1: just through the end of this month. Best buyas return

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Speaker 1: window actually ends on January fourteen, so it's even sooner

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Speaker 1: where it's like coals up Coals has like a longer one.

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Speaker 1: It's like a hundred eighty days. But just make sure

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Speaker 1: that you set a date to make those returns before

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Speaker 1: that window expires. Going in person also is going to

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Speaker 1: help for a lot of items that you aren't sure about.

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Speaker 1: You know, big box stores like Walmart or Target will

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Speaker 1: are more likely to accept a return on items they

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Speaker 1: sell even if you don't have proof of purchase. But

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Speaker 1: I just want to get that on people's radars. I

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Speaker 1: think sometimes if it's something that you don't love, you

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Speaker 1: shove it in the back of a closet instead of

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Speaker 1: returning it or trying to find a way to get

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Speaker 1: rid of it, And that way, you're just kind of

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Speaker 1: throwing away money if you do that. Yeah, honestly, even

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Speaker 1: this weekend, just think about that, Like, this weekn could

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Speaker 1: be a great time to to do this. So this

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Speaker 1: isn't a task that's just hanging over your head. But

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Speaker 1: imagine if you have an item that can't be returned.

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Speaker 1: If that's the case, we would recommend that you consider

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Speaker 1: And this might sound tacky, but consider regifting that item

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Speaker 1: because you know, like, just because you don't like it

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Speaker 1: doesn't mean that somebody else wouldn't necessarily enjoy it. You're

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Speaker 1: welcome to regift your smoker to me and then you'll

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Speaker 1: have two smokers. You got yourself a smoker. But like, like,

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Speaker 1: I don't mean to, like, you know, regive crap that

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Speaker 1: no one else, uh in the right mind would ever consider.

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Speaker 1: But you know, if there is someone in your life

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Speaker 1: who might actually like the item, that might be a

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Speaker 1: better use for that item than, like you said, duel

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Speaker 1: shoved and you know the back of your closet you

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Speaker 1: could also you know, resell that item on Facebook, Marketplace

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Speaker 1: or on eBay if you were just looking to recoup

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Speaker 1: some of those dollars for that item you don't really like. Um,

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Speaker 1: you could potentially donate it as as well. Right, especially

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Speaker 1: if it's an item that isn't going to be worth

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Speaker 1: the time, It is not going to be worth a

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Speaker 1: hassle to to list it and sell it because it's

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Speaker 1: not worth all that much. And you know, honestly, if

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Speaker 1: it's really bad, it could even make for a great

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Speaker 1: white elephant gift for Christmas. Christmas of next year. Um,

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Speaker 1: you know, they've gotten a couple of actual, like real

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Speaker 1: gifts that kind of fit the smill As joke gifts. Uh.

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Speaker 1: And we actually we always keep a box in our

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Speaker 1: attic of different items like this that are brand new,

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Speaker 1: they've never been used. Ours typically is full of some

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Speaker 1: of these different kitchen gadgets because Kate does. Kate's an

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Speaker 1: amazing home chef, and folks often think that, like, oh,

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Speaker 1: let's get you this gadget, but they don't understand that

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Speaker 1: if when you're a real chef, you don't need gadgets.

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Speaker 1: All all you need is a sharp knife and a

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Speaker 1: cutting board, if your maybe pressure cooker, if your kate

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Speaker 1: as well. But uh yeah, just keep that in mind

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Speaker 1: as well, because item doesn't want all that as seen

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Speaker 1: on TV stuff, No, dude, Yeah, it's all it does

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Speaker 1: is clutter up your drawers. And folks think that it

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Speaker 1: will make you better in the kitchen, but it doesn't. Yeah, now,

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Speaker 1: if you know what you're doing, I can see why

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Speaker 1: that's true. Yeah. Well, and even sometimes we get gift cards,

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Speaker 1: by the way that we don't want. And I would say,

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Speaker 1: don't forget about card cash dot com, where you can

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Speaker 1: turn that into dollar bills instead of of like just

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Speaker 1: pieces of plastic that are cluttering up your dresser drawers

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Speaker 1: because if you got yeah, if you've got a gift

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Speaker 1: card somewhere and you're like, I don't shop there, then

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Speaker 1: turn it into cash. And granted you're gonna if it's

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Speaker 1: a hundred dollar gift card, you might get eight cents

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Speaker 1: on the dollar or something like that, but that's better

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Speaker 1: than nothing. So um, yeah, look look into better that

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Speaker 1: you're not going used at all or I mean, yeah,

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Speaker 1: definitely sell you know, gift cards. But it's also like

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Speaker 1: I was looking on there recently and it's a great

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Speaker 1: place to buy cards completely, if it's a retailer, if

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Speaker 1: it's a restaurant in particular that you visit. I saw

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Speaker 1: you can get yourself like an Appleby's gift card, dude,

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Speaker 1: for like thirty percent off. What a what a discount?

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Speaker 1: I mean? It is it is like it like it's

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Speaker 1: it seriously is if you're like, well, we're gonna go

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Speaker 1: there anyway, get the gift card from or even like

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Speaker 1: big big box retailer or home depot or something like that,

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Speaker 1: like you can get you get like four or five

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Speaker 1: percent off. Like the more popular retailers, they don't discount

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Speaker 1: those cards nearly as much, but you also get more

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Speaker 1: for your money if you're selling it there to go

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Speaker 1: get you a delicious jamba juice. I might Right after this, U,

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Speaker 1: let's let's get to another story before we hit the

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Speaker 1: break this and this one's about cars and uh. The opposite,

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Speaker 1: of course of finding ways to claw back money for

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Speaker 1: unwanted presence is to sign yourself up for years of

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Speaker 1: backbreaking payments, which is exactly what people are doing mat

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Speaker 1: and it brings tears to my eyes every time I

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Speaker 1: see a story like this. New stats from Edmonds shows

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Speaker 1: that of folks who buy a new car are saddling

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Speaker 1: themselves with a one thousand dollar a month car payment

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Speaker 1: for years on end, which just sounds awful. The combination,

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Speaker 1: of course, of rising interest rates and near record car

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Speaker 1: prices is leading to these sky high payments. But we

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Speaker 1: would say buying a new car it's not the absolute

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Speaker 1: worst thing you can do to your finances. I guess

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Speaker 1: there are worst things you can do, but it is

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Speaker 1: a bad idea for most folks who haven't saved up

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Speaker 1: enough to buy that new car with cash. So buying

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Speaker 1: a used car that's in good condition is the financially

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Speaker 1: ideal solution for most folks. And if you want ideas

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Speaker 1: for which ones to consider, will link to a new

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Speaker 1: study from I S Cars about which vehicles last the longest.

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Speaker 1: Toyota and Honda, as you might expect, continue to make

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Speaker 1: many of the best models, but mostly Toyota, like I

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Speaker 1: continue to be a surprise is every time I'm like, man,

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Speaker 1: I really feel like that that that our next car

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Speaker 1: should be a Toyota. Just the way that we approach

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Speaker 1: vehicles and how we want to keep them around for

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Speaker 1: you know, years or decades. Toyota is like historically their

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Speaker 1: reliability ratings are consumer reports. I see means all these

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Speaker 1: all these car companies say the same, but I feel

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Speaker 1: like kindes like honestly a little bit more average compared

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Speaker 1: to Yeah, but like Man Toyota, they've got so many

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Speaker 1: on those those top lists as to how I mean

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Speaker 1: cars that are in the upper tune or thousand like

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Speaker 1: on average, that they that they can last. The biggest

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Speaker 1: problem though, Matt, the biggest thing we want people to avoid. Yes,

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Speaker 1: we want them to drive older, reliable cars. That's great,

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Speaker 1: But more than anything, don't go out there and buy

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Speaker 1: a new car, especially if you're saddling yourself with a

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Speaker 1: thousand dollar a month car payment. I can't even I mean, honestly,

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Speaker 1: that blows my mind. I've never had that will keep

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Speaker 1: you from building wealth. It's a fatal flaw for so

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Speaker 1: many people that prevents them from being able to save

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Speaker 1: or invest like they'd like to, or to meet other

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Speaker 1: financial goals because they've overindulged on the car front, on

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Speaker 1: the transportation from the rye. Yeah, and it's just like

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Speaker 1: it's kneecapping yourself in a big way. Actually. So one

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Speaker 1: other reason that you might want to buy a new

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Speaker 1: car is because you're opting to go out of electric

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Speaker 1: hurts the car rental company, they just announced that it's

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Speaker 1: electric vehicle fleet costs way less money to maintain. Uh

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Speaker 1: and because of that, they've increased their profitability. And we're

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Speaker 1: talking about maintenance savings in the fifty to sixty percent range,

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Speaker 1: where all you've got to do is like replace the

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Speaker 1: Winchel wipers, which I did recently. Have you replaced your

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Speaker 1: wipers recently? Probably like a year ago? Okay, yeah, I

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Speaker 1: don't know how long you're supposed to last, but years

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Speaker 1: as we're getting super noisy, and I was like, you

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Speaker 1: know what, when we're driving around for the holidays, I

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Speaker 1: wanted to be nice and smooth. The truth is that

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Speaker 1: e b s, and we've talked about this before, is

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Speaker 1: they're just so much cheaper to maintain. When I had

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Speaker 1: my niece on Leaf, it was like it was a

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Speaker 1: glorified go card. And there's just almost nothing to go

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Speaker 1: wrong with them. There's no oil changes, there's no belts

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Speaker 1: to snap, there's no transmission issues, there's no fluids like

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Speaker 1: to maintain except for the wind Winchell might being fluid,

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Speaker 1: I guess playing for that. Tires and brakes basically yeah,

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Speaker 1: which is which is nice. Yeah, And I mean honestly though,

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Speaker 1: like as much as we like evies, though some of

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Speaker 1: the other data that we've covered on the show about

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Speaker 1: evis skyrocketing and price at a much faster rate than

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Speaker 1: their gas powered counterparts, means that they aren't quite as

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Speaker 1: great of a deal as maybe we're thinking, because again,

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Speaker 1: it's just sort of like it makes me think of

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Speaker 1: paying for gas. It's something that you see, you know,

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Speaker 1: it's the giant headline, and because of that, we're very

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Speaker 1: sensitive to that. I think paying for car maintenance, like

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Speaker 1: the expenses associating with maintaining a traditional car, I think

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Speaker 1: they tend to weigh on us maybe a little bit

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Speaker 1: more than they should at least right um, And so

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Speaker 1: what that means it's better than I think we overweight

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Speaker 1: the snellar a month car payment and absolutely, but even

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Speaker 1: with the tax credits that can help reduce the overall

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Speaker 1: cost of an ev it's still an expensive proposition to

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Speaker 1: go out there and buy a new, brand new electric vehicle.

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Speaker 1: And so you know, that, combined with with new laws

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Speaker 1: that are preventing more evis from qualifying for a tax credit,

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Speaker 1: means that it's actually harder to make a new electric

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Speaker 1: vehicle purchase to make financial sense, even with the lower

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Speaker 1: maintenance costs that you're going to experience. Uh So, you know,

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Speaker 1: will link to a list of different evs out there

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Speaker 1: that do qualify for tax credit in our show notes. UM,

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Speaker 1: I think the best inexpensive EV worth considering is the

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Speaker 1: Chevy Bolt e UV SUV. It's an electric utility vehicle,

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Speaker 1: but we just want to make sure that you're not

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Speaker 1: putting too much stock into the savings that you would

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Speaker 1: experience by not having to maintain a gas power vehicle.

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Speaker 1: You gotta look at the total cost of zoom out

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Speaker 1: and look at that total cost exactly almost every car.

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Speaker 1: I'm glad you mentioned the Chevy Bolt the UV, Like

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Speaker 1: the Chevy Bolts are like the only electric vehicle that

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Speaker 1: I know if that's gone down in price and make

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Speaker 1: financial sense, well, all the other ones have gone up

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Speaker 1: in prices, and so it's I'm born not. I don't.

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Speaker 1: I've never owned a Chevy in my life, but if

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Speaker 1: I was going to get an elect your car right now,

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Speaker 1: that's probably the one I look at. It's not the

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Speaker 1: sexiest one out there, but definitely makes going to get

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Speaker 1: the job done. It's gonna like, yeah, cost your lesson maintenance,

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Speaker 1: gonna cost you lesson fuel over time. That is one

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Speaker 1: of the better evs to consider if you are interested

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Speaker 1: in a new electric vehicle. But Matt, we've got more

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Speaker 1: stuff to get to. We got to talk about the

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Speaker 1: Southwest conundrum and what to do about it if you

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Speaker 1: got stranded over the holidays when you were trying to

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Speaker 1: fly somewhere. We'll talk about changes shifts in the housing

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Speaker 1: market as well. We'll get all that right after this.

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Speaker 1: All right, we are back and we still have many

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Speaker 1: stories here to talk about on our Friday flight. Joel,

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Speaker 1: We've got our ludicrous headline of the week to get to. UH,

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Speaker 1: and today's ludicrous headline it actually doesn't come from a

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Speaker 1: traditional media source. Now we got this one from this UH,

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Speaker 1: this dense new report from FINRA. Oh, I thought you

428
00:19:41,400 --> 00:19:44,240
Speaker 1: were gonna say from chat GTP. I don't even know

429
00:19:44,240 --> 00:19:47,480
Speaker 1: what that is. Now that's the AI, Okay, I don't.

430
00:19:47,520 --> 00:19:49,680
Speaker 1: I thought you said something different. In my mind immediately

431
00:19:49,720 --> 00:19:52,240
Speaker 1: went to the screens on the gas pumps. I don't

432
00:19:52,240 --> 00:19:55,640
Speaker 1: know why I was taking weird, but so I'm gonna

433
00:19:55,640 --> 00:19:58,480
Speaker 1: say you type something in and made you mad h

434
00:19:58,640 --> 00:20:02,119
Speaker 1: So FINRA this is the financial industry regulatory Authority. You've

435
00:20:02,160 --> 00:20:06,480
Speaker 1: probably heard that at the end of ads in reciproc Yeah,

436
00:20:06,560 --> 00:20:09,679
Speaker 1: but the story this report is about where investors go

437
00:20:09,800 --> 00:20:13,439
Speaker 1: to get their financial advice. Uh. And the number one spot,

438
00:20:14,480 --> 00:20:16,920
Speaker 1: I mean, I'm guessing this probably isn't gonna surprise maybe

439
00:20:16,960 --> 00:20:21,480
Speaker 1: too many people, but it's YouTube and the second sources Reddit,

440
00:20:22,160 --> 00:20:25,800
Speaker 1: and certainly there are you know, actually some brilliant folks

441
00:20:25,880 --> 00:20:29,440
Speaker 1: on YouTube. We've had um Jazz Breed from Minority Mindset

442
00:20:29,440 --> 00:20:31,160
Speaker 1: here on the show before. We've interviewed him, and we've

443
00:20:31,200 --> 00:20:34,240
Speaker 1: we've talked with Sarah the Budget Girl to YouTube. Well

444
00:20:34,359 --> 00:20:37,760
Speaker 1: personal Finance Legends. They crush it over there and they're great,

445
00:20:37,800 --> 00:20:40,600
Speaker 1: I mean, they were awesome guests absolutely and even read

446
00:20:40,640 --> 00:20:42,520
Speaker 1: it right. I Mean, they've got some forums where folks

447
00:20:42,520 --> 00:20:45,640
Speaker 1: are there giving great advice as well. That's where the

448
00:20:45,760 --> 00:20:48,199
Speaker 1: hive mind it's at work, and it can be super

449
00:20:48,440 --> 00:20:52,520
Speaker 1: helpful to hear various perspectives from other folks who are

450
00:20:52,520 --> 00:20:55,840
Speaker 1: trying to pursue similar financial goals as your own. But

451
00:20:56,080 --> 00:20:58,800
Speaker 1: that being said, it is still important to know that

452
00:20:58,920 --> 00:21:01,879
Speaker 1: both of these platform ms also have a fair amount

453
00:21:01,880 --> 00:21:04,399
Speaker 1: of bad advice floating around to You've got to be

454
00:21:04,440 --> 00:21:07,440
Speaker 1: careful who it is that you choose to listen to. Yeah. Yeah,

455
00:21:07,480 --> 00:21:11,040
Speaker 1: Beyond those two, people have to go to Facebook, Twitter, Instagram,

456
00:21:11,040 --> 00:21:14,080
Speaker 1: and TikTok for their financial advice. So social media is

457
00:21:14,200 --> 00:21:17,159
Speaker 1: a place where people are turning to with regularity to

458
00:21:17,560 --> 00:21:21,240
Speaker 1: figure out how to handle their money. And again, just

459
00:21:21,320 --> 00:21:24,000
Speaker 1: like you said about with YouTube and with Reddit, there's

460
00:21:24,040 --> 00:21:26,840
Speaker 1: some great folks doing really good work on those platforms.

461
00:21:26,880 --> 00:21:29,000
Speaker 1: We have friends in the space and they are like

462
00:21:29,160 --> 00:21:31,840
Speaker 1: Instagram creators. That's what they do. That's where their bread

463
00:21:31,840 --> 00:21:33,880
Speaker 1: gets buttered, and they're really good at it and they're

464
00:21:33,880 --> 00:21:37,880
Speaker 1: helping a lot of people. They gladly accept the title influences. Yeah,

465
00:21:38,000 --> 00:21:40,200
Speaker 1: they're down with that. We don't necessarily think of ourselves

466
00:21:40,200 --> 00:21:43,040
Speaker 1: along because we're not creative or interesting enough. I don't

467
00:21:43,080 --> 00:21:45,520
Speaker 1: think to make it on any of those platforms. But

468
00:21:46,080 --> 00:21:48,199
Speaker 1: you know, we just don't have faces for for TV, right,

469
00:21:49,119 --> 00:21:50,960
Speaker 1: that's true. Well, and you know we think that the

470
00:21:51,040 --> 00:21:53,080
Speaker 1: how the Money Facebook group has a really helpful vibe.

471
00:21:53,119 --> 00:21:54,600
Speaker 1: We talked about that at the beginning of the show.

472
00:21:54,640 --> 00:21:57,840
Speaker 1: There are thousands of folks in there ready to offer

473
00:21:57,840 --> 00:22:01,240
Speaker 1: helpful advice to their fellow listener regularly, and we think

474
00:22:01,240 --> 00:22:03,640
Speaker 1: that's great. I'm so glad that exists. I'm so glad

475
00:22:03,680 --> 00:22:06,560
Speaker 1: that other platforms like that exist for people too, so

476
00:22:06,560 --> 00:22:09,040
Speaker 1: they don't feel alone when it comes to how they

477
00:22:09,040 --> 00:22:10,919
Speaker 1: handle their personal finances and when they have a question,

478
00:22:11,080 --> 00:22:13,320
Speaker 1: that they're not just turning to Google, although that can

479
00:22:13,359 --> 00:22:16,960
Speaker 1: be helpful, that they're turning to other informed individuals who

480
00:22:16,960 --> 00:22:20,600
Speaker 1: share a similar mindset. But again, we would say proceed

481
00:22:20,640 --> 00:22:23,760
Speaker 1: with caution before implementing advice based on the first comment.

482
00:22:23,800 --> 00:22:26,160
Speaker 1: You see, even sometimes in our group mat the first

483
00:22:26,200 --> 00:22:29,920
Speaker 1: comment isn't the most helpful, right, And it's the broad replies,

484
00:22:30,520 --> 00:22:33,720
Speaker 1: the many replies in aggregation that provide the best advice.

485
00:22:34,040 --> 00:22:36,200
Speaker 1: And it's I think a large part of this is

486
00:22:36,200 --> 00:22:39,040
Speaker 1: because it's just so much harder to include nuance in

487
00:22:39,280 --> 00:22:41,919
Speaker 1: some of the bite sized money advice you'll find on

488
00:22:41,960 --> 00:22:44,760
Speaker 1: a lot of these platforms when there are extreme limitations

489
00:22:44,960 --> 00:22:49,800
Speaker 1: to the time or yeah, or the the format delivery.

490
00:22:49,960 --> 00:22:54,800
Speaker 1: Delivery requires dancing or like just goofy spoofy sort of

491
00:22:54,800 --> 00:22:58,199
Speaker 1: things in order to get your attention. The content, uh,

492
00:22:58,320 --> 00:23:01,480
Speaker 1: and what's being delivered might come second to the entertainment

493
00:23:01,560 --> 00:23:03,399
Speaker 1: value and it's just important to note that or the

494
00:23:03,480 --> 00:23:06,000
Speaker 1: shock value. Yeah, yeah, And it's just it's hard enough

495
00:23:06,040 --> 00:23:10,760
Speaker 1: to to deliver nuanced information in the long form podcasting space,

496
00:23:11,080 --> 00:23:13,800
Speaker 1: and the medium is, at least to some extent, is

497
00:23:13,840 --> 00:23:17,760
Speaker 1: the message. And you and I were definitely biased, but books, podcasts, longer,

498
00:23:17,800 --> 00:23:21,800
Speaker 1: YouTube videos and articles from reputable sources are what we

499
00:23:21,920 --> 00:23:24,920
Speaker 1: typically recommend when it comes to getting personal finance advice.

500
00:23:25,000 --> 00:23:26,680
Speaker 1: Y's right, yeah, And honestly, like when you do them out,

501
00:23:26,720 --> 00:23:29,199
Speaker 1: this report just reinforces I think what we what we

502
00:23:29,200 --> 00:23:32,160
Speaker 1: already knew, which is that it's important. And then folks

503
00:23:32,200 --> 00:23:36,280
Speaker 1: are interested in receiving uh, financial content, but just generally

504
00:23:36,280 --> 00:23:39,040
Speaker 1: speaking stuff that they're learning and of an approachable and

505
00:23:39,160 --> 00:23:41,280
Speaker 1: fun way. And that's what we've sought to do here

506
00:23:41,280 --> 00:23:43,320
Speaker 1: in the show. You know, if there's anything that's that

507
00:23:43,680 --> 00:23:45,960
Speaker 1: podcasting for over five years has taught us, it's that

508
00:23:46,440 --> 00:23:49,040
Speaker 1: um And honestly, if you feel that we could be

509
00:23:49,080 --> 00:23:50,840
Speaker 1: doing something a little bit better, reach out to us.

510
00:23:50,880 --> 00:23:52,520
Speaker 1: This is something we used to do this more. I

511
00:23:52,520 --> 00:23:54,440
Speaker 1: think we had we had like a special page and

512
00:23:54,520 --> 00:23:56,200
Speaker 1: every they do and how the money dot com slash

513
00:23:56,320 --> 00:23:58,400
Speaker 1: do better, or you can just emails at how the Money?

514
00:23:58,520 --> 00:24:00,239
Speaker 1: How do Money pod at gmail dot com. But if

515
00:24:00,240 --> 00:24:02,040
Speaker 1: you if you have feedback, let us know, because we

516
00:24:02,080 --> 00:24:04,680
Speaker 1: are always looking to improve the show. We wanted to

517
00:24:05,119 --> 00:24:07,960
Speaker 1: be a resource for you and your money. And if

518
00:24:08,119 --> 00:24:11,360
Speaker 1: honestly you don't feel that you're getting enough value out

519
00:24:11,400 --> 00:24:12,679
Speaker 1: of it, or you think that there's a way that

520
00:24:12,680 --> 00:24:15,960
Speaker 1: we could tweak it, please let us know. But yeah, Joe,

521
00:24:16,000 --> 00:24:19,200
Speaker 1: let's keep moving. Let's talk about some of the travel

522
00:24:19,720 --> 00:24:23,120
Speaker 1: insanity that folks experienced over the holidays, or of course,

523
00:24:23,200 --> 00:24:27,480
Speaker 1: like there's massive issues with flight cancelations due to snow,

524
00:24:27,640 --> 00:24:29,879
Speaker 1: basically due to the weather events over Christmas and just

525
00:24:29,920 --> 00:24:34,160
Speaker 1: the brutal cold. Yeah, Southwest has communder fire for the

526
00:24:34,200 --> 00:24:37,639
Speaker 1: incredible volume of customers that they could not get to

527
00:24:37,680 --> 00:24:40,960
Speaker 1: their destinations. The other major airlines they seem to be

528
00:24:41,040 --> 00:24:43,520
Speaker 1: able to bounce back fairly quickly. Within a matter of

529
00:24:43,680 --> 00:24:46,560
Speaker 1: days they were decreasing the number of canceled flights, but

530
00:24:46,960 --> 00:24:50,960
Speaker 1: not Southwest. They were only like with each consecutive day,

531
00:24:51,240 --> 00:24:54,560
Speaker 1: the number of flights that were being canceled or delayed

532
00:24:54,600 --> 00:24:58,639
Speaker 1: was increasing, ruining trips for hundreds of thousands of fast. Honestly,

533
00:24:58,680 --> 00:25:01,120
Speaker 1: I think it was over a million. You take into account,

534
00:25:01,119 --> 00:25:03,600
Speaker 1: all is something like thirteen thousand flights. And so when

535
00:25:03,640 --> 00:25:05,760
Speaker 1: you do the math, I mean you're talking about yeah,

536
00:25:05,800 --> 00:25:10,000
Speaker 1: I mean yeah, over over hundred folks per flight, um,

537
00:25:10,040 --> 00:25:14,359
Speaker 1: costing those passengers their time and their money, ruining their holidays. Um.

538
00:25:14,400 --> 00:25:17,719
Speaker 1: But so why was it that Southwest was particularly screwed up?

539
00:25:18,200 --> 00:25:19,960
Speaker 1: It's for a couple of reasons. First, they run on

540
00:25:20,000 --> 00:25:22,840
Speaker 1: a point to point model as opposed to a hub

541
00:25:22,840 --> 00:25:24,480
Speaker 1: and spoke model, which is what most of the other

542
00:25:24,560 --> 00:25:27,040
Speaker 1: carriers run on. And so what that means is one

543
00:25:27,119 --> 00:25:31,240
Speaker 1: canceled flight creates more of this domino effect for Southwest.

544
00:25:31,560 --> 00:25:34,360
Speaker 1: And then plus they were um evidently they used some

545
00:25:34,440 --> 00:25:39,159
Speaker 1: outdated scheduling technology that impacts both customers and flight crews.

546
00:25:39,480 --> 00:25:41,920
Speaker 1: So we wanted to to cover this because we've talked

547
00:25:42,320 --> 00:25:45,399
Speaker 1: highly of Southwest before and it major league sucks for

548
00:25:45,440 --> 00:25:47,320
Speaker 1: the slew of folks out there who were counting on

549
00:25:47,400 --> 00:25:51,160
Speaker 1: Southwest to to get them to their holiday destinations. And

550
00:25:51,280 --> 00:25:54,480
Speaker 1: you know, just like we're talking about us doing better, Southwest,

551
00:25:54,560 --> 00:25:57,120
Speaker 1: they need to do better. And based on the response, though,

552
00:25:57,160 --> 00:25:59,360
Speaker 1: it seems that they've learned their lesson, we certainly hope.

553
00:25:59,400 --> 00:26:01,640
Speaker 1: So we certainly hope that they're able to maintain their

554
00:26:02,400 --> 00:26:05,280
Speaker 1: their rank, their their their top spot as the most

555
00:26:05,440 --> 00:26:08,760
Speaker 1: favored discount airline out there. Yeah, I mean they might

556
00:26:08,800 --> 00:26:11,919
Speaker 1: not for this year, depending like we'll see, but hopefully

557
00:26:11,920 --> 00:26:15,760
Speaker 1: they rankings are going to They may have dropped a couple,

558
00:26:15,840 --> 00:26:17,680
Speaker 1: So much on whether you stick around though at long

559
00:26:17,800 --> 00:26:21,960
Speaker 1: term in in that industry is how do you recover

560
00:26:22,320 --> 00:26:24,600
Speaker 1: when you've massively screwed up? And and this is clearly

561
00:26:24,640 --> 00:26:26,600
Speaker 1: a big deal for a ton of folks who got

562
00:26:26,720 --> 00:26:29,960
Speaker 1: just screwed over by Southwest and it, like you said,

563
00:26:29,960 --> 00:26:32,679
Speaker 1: it ruined their holidays. And if you incurred, though, if

564
00:26:32,720 --> 00:26:34,280
Speaker 1: you were one of these people, you incurred costs by

565
00:26:34,320 --> 00:26:37,639
Speaker 1: renting a car, by taking an uber, by booking another flight,

566
00:26:37,760 --> 00:26:40,879
Speaker 1: or a hotel room, be sure to submit those costs

567
00:26:40,880 --> 00:26:43,560
Speaker 1: to Southwest in order to get compensation. You've got to

568
00:26:43,600 --> 00:26:47,040
Speaker 1: do that directly on the Southwest website. It's kind of confusing.

569
00:26:47,080 --> 00:26:49,920
Speaker 1: They've stated that they'll be offering refunds for and I

570
00:26:50,040 --> 00:26:53,520
Speaker 1: quote reasonable reimbursements, and nobody really knows what that means.

571
00:26:53,520 --> 00:26:56,960
Speaker 1: Nothing too crazy, jewel reasonable. Yeah, exactly, I went to

572
00:26:57,040 --> 00:26:59,479
Speaker 1: this like four dollar state dinner. Does this coount like

573
00:27:00,119 --> 00:27:02,840
Speaker 1: probably wouldn't hopefully that that would be like the one

574
00:27:02,880 --> 00:27:04,480
Speaker 1: thing they would call unreasonable. But if you had to

575
00:27:04,520 --> 00:27:08,840
Speaker 1: book other lodging or accommodations or just means of travel,

576
00:27:09,240 --> 00:27:13,760
Speaker 1: those should be covered under this reasonable reimbursement on Southwest website.

577
00:27:13,760 --> 00:27:16,480
Speaker 1: So go directly there submit those receipts so that you

578
00:27:16,480 --> 00:27:18,159
Speaker 1: can get refunded for it, Like you don't want to

579
00:27:18,160 --> 00:27:20,880
Speaker 1: add insult to injury and get stuck footing the bill

580
00:27:21,000 --> 00:27:24,760
Speaker 1: for Southwest mistake and like, uh, we hope to hear

581
00:27:24,800 --> 00:27:26,679
Speaker 1: the Southwest is being generous on that front, and if

582
00:27:26,720 --> 00:27:29,080
Speaker 1: they're not, will report back, Like if they're not giving

583
00:27:29,119 --> 00:27:31,200
Speaker 1: people the refunds they deserve for the travel that they

584
00:27:31,200 --> 00:27:33,840
Speaker 1: booked to get where they needed to go, then we

585
00:27:33,880 --> 00:27:35,560
Speaker 1: will break them over the coals here on the show.

586
00:27:36,000 --> 00:27:38,760
Speaker 1: And it looks like the Transportation Department is monitoring the

587
00:27:38,760 --> 00:27:41,800
Speaker 1: Southwest response as well, so hopefully that pushes them to

588
00:27:41,920 --> 00:27:44,119
Speaker 1: do the right thing by their customers. They have i

589
00:27:44,160 --> 00:27:47,800
Speaker 1: will say, issued frequent Flyer miles for every flight that

590
00:27:47,840 --> 00:27:51,560
Speaker 1: was canceled, which will lessen the a little bit. Yeah,

591
00:27:51,640 --> 00:27:54,719
Speaker 1: so free travel in the future for the Southwest customers

592
00:27:54,760 --> 00:27:58,040
Speaker 1: who are impacted. So um yeah, all in all a

593
00:27:58,119 --> 00:28:01,000
Speaker 1: really crappy situation for a lot of folks. That's right, man,

594
00:28:01,040 --> 00:28:04,119
Speaker 1: Let's keep moving. Let's talk about the housing market. Because

595
00:28:04,320 --> 00:28:07,800
Speaker 1: mortgage rates they've mostly continued to take down. They've they've

596
00:28:07,800 --> 00:28:10,000
Speaker 1: come down at least a full point from their their

597
00:28:10,040 --> 00:28:13,639
Speaker 1: peak back last fall. But one way that home buyers

598
00:28:13,640 --> 00:28:15,800
Speaker 1: are getting those rates down even lower is through what's

599
00:28:15,840 --> 00:28:20,439
Speaker 1: known as a mortgage rates buy down. They're specifically opting

600
00:28:20,480 --> 00:28:24,080
Speaker 1: for temporary rate buy downs, but they have skyrocketed in

601
00:28:24,119 --> 00:28:26,280
Speaker 1: recent months, and this allows folks to buy down the

602
00:28:26,359 --> 00:28:28,520
Speaker 1: rate for a year or two after the time of purchase.

603
00:28:28,880 --> 00:28:31,080
Speaker 1: And you might be thinking that sounds pretty nice, right,

604
00:28:31,119 --> 00:28:32,840
Speaker 1: It sounds nice to have a lower rate, even if

605
00:28:32,840 --> 00:28:35,320
Speaker 1: it's just temporary. But if that rate buy down is

606
00:28:35,400 --> 00:28:38,160
Speaker 1: what allows you to be able to afford the house

607
00:28:38,160 --> 00:28:39,920
Speaker 1: in the first place, and we think you're gonna be

608
00:28:39,960 --> 00:28:44,320
Speaker 1: in for rude awakening when that rate adjusts upwards. It's

609
00:28:44,360 --> 00:28:46,360
Speaker 1: kind of like like getting used to not having student

610
00:28:46,400 --> 00:28:49,280
Speaker 1: loan payments, which at least up until now, has only

611
00:28:49,280 --> 00:28:52,160
Speaker 1: continued to be extended far off into the future. But

612
00:28:52,160 --> 00:28:54,840
Speaker 1: they're going to resume at some point, so don't make

613
00:28:54,960 --> 00:28:57,520
Speaker 1: a long term purchase like the purchase of a home

614
00:28:57,560 --> 00:29:01,320
Speaker 1: based on a short term financing trick. I think some

615
00:29:01,320 --> 00:29:04,320
Speaker 1: folks out there as they might also be expecting raises

616
00:29:04,400 --> 00:29:06,080
Speaker 1: in the in the coming years, which is fine, right, Like,

617
00:29:06,160 --> 00:29:08,840
Speaker 1: I think it's totally great to expect those It's totally

618
00:29:08,840 --> 00:29:11,400
Speaker 1: fine to even dream about what you might do with

619
00:29:11,440 --> 00:29:13,480
Speaker 1: that money. But in this case, don't spend it first.

620
00:29:13,600 --> 00:29:16,080
Speaker 1: There are literally folks who are literally signing it away

621
00:29:16,120 --> 00:29:18,520
Speaker 1: before they they've even earned those dollars, and that's a

622
00:29:18,640 --> 00:29:20,920
Speaker 1: risky and foolish way to handle your money. Don't catch

623
00:29:20,920 --> 00:29:23,440
Speaker 1: your chickens before they hatch, right, that would be literally, yeah,

624
00:29:23,480 --> 00:29:25,200
Speaker 1: And so that that's a that's a problem. Not literally,

625
00:29:25,240 --> 00:29:29,000
Speaker 1: We're not talking money, money that you don't have right well,

626
00:29:29,000 --> 00:29:30,960
Speaker 1: And I think it's important to note it's not that

627
00:29:31,000 --> 00:29:33,640
Speaker 1: there aren't certain financial tips and tricks that you can institute,

628
00:29:33,680 --> 00:29:35,400
Speaker 1: but this is one of those where it sounds good

629
00:29:35,680 --> 00:29:37,280
Speaker 1: and you're like, cool and spend a little money now

630
00:29:37,400 --> 00:29:40,160
Speaker 1: by down the rate for a short period of time.

631
00:29:40,440 --> 00:29:43,160
Speaker 1: But then that's if that's the only way you can

632
00:29:43,200 --> 00:29:45,719
Speaker 1: afford the property. You need to be able to afford

633
00:29:45,720 --> 00:29:48,440
Speaker 1: the rate once it resets, not just you can't just

634
00:29:48,440 --> 00:29:51,160
Speaker 1: can be hopes and dreams, right. But I will say

635
00:29:51,160 --> 00:29:53,240
Speaker 1: on the on the housing front, there is some good

636
00:29:53,240 --> 00:29:56,240
Speaker 1: news if you happen to be hunting for a new home,

637
00:29:56,560 --> 00:29:59,560
Speaker 1: and it is that more sellers are making concessions. According

638
00:29:59,600 --> 00:30:02,720
Speaker 1: to new stats from redfin as, the housing market has

639
00:30:02,760 --> 00:30:05,120
Speaker 1: cooled across much of the country. So even just like

640
00:30:05,200 --> 00:30:07,800
Speaker 1: nine months ago, it was still a red hot seller's market,

641
00:30:08,040 --> 00:30:11,680
Speaker 1: and so if you asked the seller for anything, they

642
00:30:11,680 --> 00:30:17,280
Speaker 1: were like, no, moving on exactly. But it's amazing how

643
00:30:17,360 --> 00:30:20,160
Speaker 1: higher mortgage rates have like flipped that script. They flipp

644
00:30:20,160 --> 00:30:23,920
Speaker 1: the dynamic. And so whether that's directly negotiating repairs before

645
00:30:23,960 --> 00:30:26,000
Speaker 1: you move in, or even like a ten thousand dollar

646
00:30:26,000 --> 00:30:28,600
Speaker 1: credit for a new roof that's worn and tired and

647
00:30:28,800 --> 00:30:31,800
Speaker 1: needs to be updated, be encouraged that you have more

648
00:30:31,840 --> 00:30:34,719
Speaker 1: negotiating power than you've had during the pandemic years than

649
00:30:34,720 --> 00:30:36,240
Speaker 1: you had over the past couple of years and just

650
00:30:36,280 --> 00:30:39,680
Speaker 1: a ridiculously red hot housing market. As things have stalled

651
00:30:39,680 --> 00:30:44,560
Speaker 1: out a little bit, you can and ask for monetary compensation.

652
00:30:44,600 --> 00:30:46,800
Speaker 1: You can ask for concessions from the seller and not

653
00:30:46,840 --> 00:30:48,760
Speaker 1: be laughed out of the room exactly. Yeah, you've got

654
00:30:48,800 --> 00:30:50,880
Speaker 1: more power than you realize and hopefully if you have

655
00:30:51,320 --> 00:30:54,480
Speaker 1: a solid realtor that that is something they can walk

656
00:30:54,520 --> 00:30:56,880
Speaker 1: you through as well. But Joe's gonna be it for

657
00:30:57,000 --> 00:30:58,960
Speaker 1: today's Friday flight. We'll see you back here on Monday.

658
00:30:59,000 --> 00:31:01,520
Speaker 1: We've got a fresh ask How the Money episode lined

659
00:31:01,560 --> 00:31:03,920
Speaker 1: up for you. And again, if you are not a

660
00:31:03,960 --> 00:31:05,960
Speaker 1: member of the how the Money Facebook group, check that

661
00:31:06,000 --> 00:31:09,560
Speaker 1: out if you are on that platform, if you're on Facebook,

662
00:31:09,560 --> 00:31:11,680
Speaker 1: but if not, maybe don't worry about it, because we

663
00:31:11,680 --> 00:31:13,840
Speaker 1: don't want you to, you know, go looking up your

664
00:31:13,880 --> 00:31:16,959
Speaker 1: high school boyfriend, that kind of thing. You don't. If

665
00:31:17,000 --> 00:31:19,160
Speaker 1: you don't have Facebook in your life already, you probably

666
00:31:19,200 --> 00:31:21,520
Speaker 1: don't need it, hey, just for this, or maybe we should.

667
00:31:21,520 --> 00:31:23,680
Speaker 1: Maybe it's that good that you should even join the

668
00:31:23,720 --> 00:31:25,840
Speaker 1: stinging platform. Well, if you do, I like, I always

669
00:31:25,880 --> 00:31:29,920
Speaker 1: tell people that I have this, uh Facebook feed, Oh

670
00:31:29,960 --> 00:31:33,080
Speaker 1: the news feed a radical eradicator. Yes, So maybe we'll

671
00:31:33,120 --> 00:31:34,640
Speaker 1: link to that in the show notes too, because if

672
00:31:34,640 --> 00:31:36,200
Speaker 1: you're like I want to be part of the how

673
00:31:36,280 --> 00:31:37,920
Speaker 1: Money Facebook group, I don't want to get stuck down

674
00:31:37,920 --> 00:31:41,040
Speaker 1: a rabbit hole of just like following whatever people in

675
00:31:41,080 --> 00:31:45,480
Speaker 1: high school. Yes, reload, So that Facebook news feed eradicator

676
00:31:45,520 --> 00:31:47,800
Speaker 1: means like it blocks all that news feed from you,

677
00:31:48,000 --> 00:31:50,200
Speaker 1: and it just on the left hand rail. You click

678
00:31:50,240 --> 00:31:51,840
Speaker 1: and go to the groups that you care about, and

679
00:31:51,960 --> 00:31:55,200
Speaker 1: you avoid the mind numbing experience that Facebook can be.

680
00:31:55,240 --> 00:31:57,240
Speaker 1: So sounds good man, all right, that's gonna do it

681
00:31:57,280 --> 00:32:00,440
Speaker 1: for this episode until next time. Best Friends Out, Best

682
00:32:00,560 --> 00:32:01,360
Speaker 1: Friends Out,