1 00:00:00,080 --> 00:00:02,559 Speaker 1: Welcome to How the Money. I'm Joel and I am 2 00:00:02,680 --> 00:00:05,560 Speaker 1: Matt and today we're talking about Jesus Christ, super Saver, 3 00:00:05,800 --> 00:00:28,760 Speaker 1: ancient wisdom, and your money. It's so this is not 4 00:00:28,880 --> 00:00:34,680 Speaker 1: our Andrew Lloyd Weber version of seven Days Rock Play 5 00:00:34,840 --> 00:00:37,040 Speaker 1: or did you have you ever seen Jesus Christ supers 6 00:00:37,280 --> 00:00:40,280 Speaker 1: I've never seen it talking about but it is a 7 00:00:40,320 --> 00:00:43,239 Speaker 1: good one, and we took inspiration from that title for 8 00:00:43,240 --> 00:00:46,400 Speaker 1: this episode. Absolutely, And okay, so like not to launch 9 00:00:46,400 --> 00:00:49,520 Speaker 1: into the proverbial phrases too soon, but who it is 10 00:00:49,680 --> 00:00:52,879 Speaker 1: that you listen to will determine who it is that 11 00:00:52,920 --> 00:00:55,880 Speaker 1: you become. And so if you're listening listening to our podcast, 12 00:00:55,880 --> 00:00:57,520 Speaker 1: you listen to Joel and Matte talk about money, I 13 00:00:57,560 --> 00:00:59,760 Speaker 1: think there's a good chance you're gonna end up in 14 00:00:59,760 --> 00:01:02,400 Speaker 1: a maybe in a similar place as us, at least 15 00:01:02,400 --> 00:01:05,160 Speaker 1: financially speaking, compared to the rest of the world. Right, Like, 16 00:01:05,200 --> 00:01:07,640 Speaker 1: certainly they're going to be differences between our finances and 17 00:01:07,640 --> 00:01:09,640 Speaker 1: your finances. But who it is that we listen to, 18 00:01:09,680 --> 00:01:12,280 Speaker 1: what we fill our minds with, truly does have a 19 00:01:12,319 --> 00:01:16,759 Speaker 1: massive impact. Garbage and garbage out all of these things 20 00:01:16,760 --> 00:01:19,880 Speaker 1: that determine your future. And so that's why we're essentially 21 00:01:19,959 --> 00:01:25,240 Speaker 1: like revisiting some of these seriously ancient truths and specifically 22 00:01:25,240 --> 00:01:27,399 Speaker 1: we're gonna look at how it is that they pertain 23 00:01:27,480 --> 00:01:29,319 Speaker 1: to your money. We're gonna talk about the moves that 24 00:01:29,360 --> 00:01:32,040 Speaker 1: you can make and how this ancient wisdom can inform 25 00:01:32,160 --> 00:01:35,679 Speaker 1: those moves. Yeah, and we're going to tap some biblical wisdom. 26 00:01:35,720 --> 00:01:37,920 Speaker 1: We're gonna tap some of the stoics. That's the Jesus 27 00:01:38,000 --> 00:01:41,080 Speaker 1: Christ part exactly exactly, and we're gonna go out of 28 00:01:41,160 --> 00:01:43,240 Speaker 1: my doing like we're gonna get Old Testament with Jesus Christ, 29 00:01:43,280 --> 00:01:45,440 Speaker 1: Buddha and a Stoic walk into a bar kind of. 30 00:01:45,680 --> 00:01:47,880 Speaker 1: But we figured that started getting getting a little too long. 31 00:01:47,960 --> 00:01:50,240 Speaker 1: That was a little more heretical as well. Another title 32 00:01:50,280 --> 00:01:53,800 Speaker 1: idea for this episode, but I like what we went with. Um. 33 00:01:53,880 --> 00:01:56,280 Speaker 1: But yeah, so hopefully in today's episode will cover a 34 00:01:56,320 --> 00:01:59,680 Speaker 1: bunch of ground. And I think Matt, especially in a 35 00:01:59,760 --> 00:02:04,000 Speaker 1: time where we rely on a lot of modern wisdom, well, 36 00:02:04,040 --> 00:02:06,440 Speaker 1: we thought it could be helpful to, yeah, bring out 37 00:02:06,440 --> 00:02:09,080 Speaker 1: some ancient wisdom at the same time. That's right, man, Okay, 38 00:02:09,080 --> 00:02:11,160 Speaker 1: real quick, I've got a frugal or cheap for you. 39 00:02:11,520 --> 00:02:13,840 Speaker 1: A couple of weeks ago, some friends of ours were 40 00:02:13,840 --> 00:02:17,880 Speaker 1: throwing a party and this was an adult's only party, 41 00:02:17,919 --> 00:02:20,680 Speaker 1: so no kids allowed. So this was after you put 42 00:02:20,720 --> 00:02:23,799 Speaker 1: the kids down to bed kind of thing. Yeah, No, 43 00:02:24,040 --> 00:02:26,079 Speaker 1: I was definitely looking forward to. It was like creepy 44 00:02:26,080 --> 00:02:29,400 Speaker 1: Tom cruise parties. No, not not not that kind of 45 00:02:29,680 --> 00:02:33,320 Speaker 1: not an eyes wide shut whatever could cut a party, 46 00:02:34,000 --> 00:02:38,639 Speaker 1: but a normal grown ups, adult party. Um. And specifically 47 00:02:38,800 --> 00:02:41,320 Speaker 1: I failed to mention this. Uh, these were some neighbors 48 00:02:41,320 --> 00:02:44,560 Speaker 1: of ours directly across the street, and this raised the 49 00:02:44,600 --> 00:02:47,480 Speaker 1: question as to whether or not we should get a babysitter. 50 00:02:47,600 --> 00:02:49,840 Speaker 1: Maybe it led to a discussion. It wasn't an all 51 00:02:49,880 --> 00:02:52,480 Speaker 1: out argument, but we got close. We were discussing it, 52 00:02:52,760 --> 00:02:55,160 Speaker 1: and I felt that because it was going to just 53 00:02:55,240 --> 00:02:57,560 Speaker 1: be across the street, and because we have an older 54 00:02:57,680 --> 00:03:00,000 Speaker 1: daughter now, that it was going to be totally fine 55 00:03:00,000 --> 00:03:02,280 Speaker 1: and for us to put the kids down walk across 56 00:03:02,280 --> 00:03:05,280 Speaker 1: the street. Literally, we're gonna My idea was a set 57 00:03:05,320 --> 00:03:07,440 Speaker 1: up an iPad and if anything comes up, they can 58 00:03:07,520 --> 00:03:10,239 Speaker 1: just face timeless. They all know how to use the iPad. 59 00:03:10,680 --> 00:03:13,800 Speaker 1: But you see where this is going. Kate disagreed with me. 60 00:03:13,880 --> 00:03:15,840 Speaker 1: So what are your thoughts? You do you feel that 61 00:03:15,919 --> 00:03:19,600 Speaker 1: I was being frugal or cheap by counting on our 62 00:03:19,680 --> 00:03:23,000 Speaker 1: kids to report if if there was anything going on. Well, 63 00:03:23,800 --> 00:03:25,239 Speaker 1: I don't know, man, I'm somewhere in the the I think 64 00:03:25,240 --> 00:03:27,799 Speaker 1: probably it's frugal. I think if you're across the street, 65 00:03:28,000 --> 00:03:30,040 Speaker 1: I think you could buy what I without a babysitter, 66 00:03:30,160 --> 00:03:32,840 Speaker 1: especially since you have a nine year old who's, um, 67 00:03:33,080 --> 00:03:34,560 Speaker 1: just pretty smart. She's just pretty good. I mean, all 68 00:03:34,560 --> 00:03:37,840 Speaker 1: the kids are pretty smart. And plus if it was 69 00:03:37,920 --> 00:03:40,120 Speaker 1: like a real emergency and let's say the technology failed, 70 00:03:40,120 --> 00:03:42,120 Speaker 1: they could just like right across the street. Like literally, 71 00:03:42,160 --> 00:03:46,400 Speaker 1: we were right there. Uh. Kate disagreed, and I think 72 00:03:46,440 --> 00:03:49,440 Speaker 1: she knew before we ended the converse, like we never 73 00:03:49,520 --> 00:03:51,680 Speaker 1: reached a conclusion. And then the next time I brought 74 00:03:51,720 --> 00:03:53,160 Speaker 1: it up, she was like, oh, we've got a babysitter. 75 00:03:54,400 --> 00:03:56,720 Speaker 1: And I mean truly, in the end, I was like, 76 00:03:56,720 --> 00:03:59,640 Speaker 1: all right, that's fine. I was willing to pay a 77 00:03:59,680 --> 00:04:01,240 Speaker 1: baby it her because it meant that she was going 78 00:04:01,280 --> 00:04:03,960 Speaker 1: to be able to relax, maybe have just a better time. 79 00:04:04,440 --> 00:04:06,360 Speaker 1: But that also kind of raises another question. At what 80 00:04:06,440 --> 00:04:09,480 Speaker 1: age would you feel comfortable leaving your oldest too, Like 81 00:04:09,520 --> 00:04:12,400 Speaker 1: you said, hold down the ford, Uh, not necessarily just 82 00:04:12,840 --> 00:04:15,440 Speaker 1: within the neighborhood, because it depends on distance, It depends 83 00:04:15,480 --> 00:04:17,640 Speaker 1: on it's going to be gone, because I would trust 84 00:04:17,640 --> 00:04:20,240 Speaker 1: her now probably going across the street for an hour 85 00:04:20,279 --> 00:04:22,800 Speaker 1: because they she would know where we were. But part 86 00:04:22,800 --> 00:04:24,840 Speaker 1: of it, I don't know what age, because so much 87 00:04:24,880 --> 00:04:27,000 Speaker 1: of it depends on how much here she is right individual, 88 00:04:27,120 --> 00:04:31,719 Speaker 1: And so yeah, how your circumstances with her younger siblings, 89 00:04:31,800 --> 00:04:34,200 Speaker 1: especially as they grow up, like can they listen to her? 90 00:04:34,279 --> 00:04:36,719 Speaker 1: And will they will they obey? So well, I don't know, 91 00:04:36,800 --> 00:04:38,760 Speaker 1: but I will say I think you guys, you did 92 00:04:38,800 --> 00:04:43,280 Speaker 1: mention that you expanded your budget for babysitting services, which 93 00:04:43,320 --> 00:04:45,040 Speaker 1: I think is which I think is smart that you've 94 00:04:45,080 --> 00:04:48,600 Speaker 1: you've basically called out in your budget you've prioritized being 95 00:04:48,640 --> 00:04:50,120 Speaker 1: able to go out to the two of you, and 96 00:04:50,200 --> 00:04:52,720 Speaker 1: so you probably wish you would have used it on 97 00:04:53,320 --> 00:04:55,320 Speaker 1: what different sort of because you kind of think that 98 00:04:55,360 --> 00:04:56,560 Speaker 1: there's a way that you can do both at the 99 00:04:56,600 --> 00:04:59,280 Speaker 1: same time, because I see the ability to a hang 100 00:04:59,320 --> 00:05:01,880 Speaker 1: out with some friend and and be also not spend 101 00:05:01,880 --> 00:05:04,400 Speaker 1: the money because they're just right there. And again this 102 00:05:04,480 --> 00:05:06,080 Speaker 1: was we would have put them down, so they would 103 00:05:06,080 --> 00:05:08,400 Speaker 1: have been for the most part, especially the younger ones, 104 00:05:08,520 --> 00:05:10,680 Speaker 1: either asleep or just reading quietly in their bed as 105 00:05:10,720 --> 00:05:13,760 Speaker 1: they peacefully drifted off to sleep while we were hanging 106 00:05:13,760 --> 00:05:16,000 Speaker 1: out across the street. I think the other right thing 107 00:05:16,040 --> 00:05:17,839 Speaker 1: to do is if it's that big of a deal 108 00:05:17,839 --> 00:05:21,240 Speaker 1: to you. Again, other was, yeah, all right, I guess, well, 109 00:05:21,320 --> 00:05:23,240 Speaker 1: I'm not going to be It would be cheap then, 110 00:05:23,320 --> 00:05:26,039 Speaker 1: because it would make her upset and she would not 111 00:05:26,040 --> 00:05:27,640 Speaker 1: be able to enjoy her time. And so yeah, you 112 00:05:27,680 --> 00:05:29,680 Speaker 1: got to think about that as well, not just whether 113 00:05:29,720 --> 00:05:32,000 Speaker 1: you feel comfortable with it, but whether they feel comfortable 114 00:05:32,000 --> 00:05:34,760 Speaker 1: with your partner as well. I think, yeah, speaking of 115 00:05:34,800 --> 00:05:38,159 Speaker 1: ancient wisdom, better refer to your partner, refer to your spouse. 116 00:05:38,200 --> 00:05:40,800 Speaker 1: What happy wife, happy life is always what I've heard, 117 00:05:40,800 --> 00:05:44,400 Speaker 1: But suddenly if it has some truth to it, yeah 118 00:05:44,520 --> 00:05:49,679 Speaker 1: it does. Uh. This is called sour Pipe Project Apricott Crumble. 119 00:05:50,040 --> 00:05:53,479 Speaker 1: This is a beer by Vitamin C Brewing. And it's 120 00:05:53,480 --> 00:05:56,599 Speaker 1: not vitamin C as in like vitamin A, B, Vitamin C. 121 00:05:56,720 --> 00:05:59,599 Speaker 1: It's vitamin C as in vitamin ocean. So I'm looking 122 00:05:59,640 --> 00:06:03,280 Speaker 1: for to this brewery who happens to be located by 123 00:06:03,320 --> 00:06:05,560 Speaker 1: the ocean. We'll share our thoughts at the end of 124 00:06:05,600 --> 00:06:07,960 Speaker 1: the episode. Very nice. Sorry, Yeah, I'm looking forward to 125 00:06:08,000 --> 00:06:11,000 Speaker 1: checking this out. Any anything that beer that tastes like 126 00:06:11,040 --> 00:06:14,440 Speaker 1: a pie um, I want to try it, fruited sours, 127 00:06:14,520 --> 00:06:18,279 Speaker 1: lactose or pastry sours in particular. Yeah, looking forward to it. 128 00:06:18,279 --> 00:06:20,800 Speaker 1: All right, Well, Matt, let's let's move on. Let's get 129 00:06:20,800 --> 00:06:23,400 Speaker 1: to the subject at hand. We are talking about ancient 130 00:06:23,400 --> 00:06:27,040 Speaker 1: wisdom in this episode, and you know it. As as 131 00:06:27,040 --> 00:06:28,680 Speaker 1: I thought about this, I was thinking, well, what is 132 00:06:28,720 --> 00:06:32,120 Speaker 1: it today that most of us use somewhat regularly but 133 00:06:32,240 --> 00:06:34,400 Speaker 1: it falls short of kind of what we're used to. 134 00:06:34,480 --> 00:06:38,120 Speaker 1: Maybe quality has gone down the hill and maybe kind 135 00:06:38,120 --> 00:06:40,120 Speaker 1: of maybe think of Ikia for some reason. Like I 136 00:06:40,120 --> 00:06:42,400 Speaker 1: thought you're gonna say lead pipes, they'll make them like 137 00:06:42,440 --> 00:06:44,960 Speaker 1: they used the brass knuckles. They're not, you know, quite 138 00:06:44,960 --> 00:06:47,719 Speaker 1: as thick as they used to be. Well, brows knuckles. 139 00:06:48,480 --> 00:06:50,159 Speaker 1: I'm not thinking. I'm not talking about like gang fights, 140 00:06:50,160 --> 00:06:53,400 Speaker 1: but I'm thinking about like actual pipes. Well, and your 141 00:06:53,400 --> 00:06:56,560 Speaker 1: plus making a joke because lead pipes were terrible, Yeah 142 00:06:56,560 --> 00:06:58,000 Speaker 1: they were. I thought you were like talking about all 143 00:06:58,000 --> 00:07:00,440 Speaker 1: those fighting chains, slay someone over the head with one, 144 00:07:00,720 --> 00:07:03,039 Speaker 1: but you got you got your mind on what was 145 00:07:03,080 --> 00:07:06,760 Speaker 1: that motorciple? Game, um Road Rash Psycho Genesis. That's the 146 00:07:06,800 --> 00:07:08,480 Speaker 1: kind of lead pipe you're you're thinking of that, That's 147 00:07:08,520 --> 00:07:12,040 Speaker 1: exactly what I'm seeing. I don't know why, but uh yeah, 148 00:07:12,560 --> 00:07:16,240 Speaker 1: he chose violence. But I'm thinking about Ikea, and I'm thinking, like, 149 00:07:16,320 --> 00:07:18,280 Speaker 1: we we have a few Ikea pieces in our house. 150 00:07:18,840 --> 00:07:21,320 Speaker 1: Mostly we do two for storage in our kid's room there. 151 00:07:21,320 --> 00:07:25,679 Speaker 1: They're basically like the cheap bookshelves, right, But nothing I've 152 00:07:26,040 --> 00:07:29,800 Speaker 1: encountered in Ikea as I'm walking through there has ever 153 00:07:29,840 --> 00:07:33,920 Speaker 1: come close to the beauty and the sturdiness that our 154 00:07:34,000 --> 00:07:37,240 Speaker 1: favorite antique furniture pieces that we have in our house possess. Right. 155 00:07:37,560 --> 00:07:41,800 Speaker 1: I love my Brazilian rosewood table fancy. Yeah, we have 156 00:07:41,840 --> 00:07:44,480 Speaker 1: a mid century teak desk. And I didn't know you're 157 00:07:44,520 --> 00:07:48,840 Speaker 1: so wealthy. They're not even terribly expensive. We have seventy 158 00:07:48,880 --> 00:07:51,200 Speaker 1: year old walnut dressers, Matthew, and you're just you're just 159 00:07:51,240 --> 00:07:54,600 Speaker 1: bragging that life of opulence, Yes, it's true, and and 160 00:07:54,720 --> 00:07:58,000 Speaker 1: rich mahogany, the smell of leather, yes, and these are. 161 00:07:58,160 --> 00:07:59,680 Speaker 1: But these are pieces we plan to have forever. And 162 00:07:59,720 --> 00:08:02,560 Speaker 1: they were not even terribly expensive pieces to begin with, 163 00:08:02,640 --> 00:08:04,960 Speaker 1: but they're they're a far cry from let's say, the 164 00:08:05,000 --> 00:08:07,480 Speaker 1: I ke O wardrobe that crumbled when we tried to 165 00:08:07,520 --> 00:08:09,520 Speaker 1: move it that one time. I swear we paid fifty 166 00:08:09,520 --> 00:08:12,000 Speaker 1: dollars for that. It lasted for a couple of years 167 00:08:12,040 --> 00:08:13,480 Speaker 1: in the house. We tried to move it and it 168 00:08:13,920 --> 00:08:16,600 Speaker 1: basically disintegrated in front of our eyes. Well, um, you 169 00:08:16,640 --> 00:08:20,480 Speaker 1: know that, and that could just evaporate, right, yes, where 170 00:08:20,480 --> 00:08:22,600 Speaker 1: did it go? Teleported to another realm? It's like the 171 00:08:22,640 --> 00:08:25,640 Speaker 1: snap I knows right well, And that could just be 172 00:08:25,720 --> 00:08:28,280 Speaker 1: maybe because our skills with an alan rench aren't very good, 173 00:08:28,320 --> 00:08:30,800 Speaker 1: and so it lasts for a minute. But I don't know. 174 00:08:31,000 --> 00:08:32,680 Speaker 1: I think it made me think that no one really 175 00:08:32,679 --> 00:08:37,000 Speaker 1: ever gets jazzed about inheriting their parents callacs shelving unit 176 00:08:37,080 --> 00:08:39,360 Speaker 1: or something like that. Right, But that one year old 177 00:08:39,400 --> 00:08:42,000 Speaker 1: mahogany chest, that's a different story. It's like this family 178 00:08:42,000 --> 00:08:45,240 Speaker 1: heirloom and the way it's crafted and made is you 179 00:08:45,320 --> 00:08:47,280 Speaker 1: might be thrilled to get that one of these days. 180 00:08:47,480 --> 00:08:48,920 Speaker 1: And I think the same is true when it comes 181 00:08:48,920 --> 00:08:50,959 Speaker 1: to modern advice. Right, there's some there's some good stuff 182 00:08:50,960 --> 00:08:53,520 Speaker 1: out there, but the best of it is actually based 183 00:08:53,640 --> 00:08:56,480 Speaker 1: on ancient wisdom that has stood the test of time 184 00:08:56,480 --> 00:08:59,439 Speaker 1: and so we want to really talk about older money 185 00:08:59,440 --> 00:09:01,960 Speaker 1: advice that's been around for hundreds and hundreds of years. 186 00:09:02,360 --> 00:09:05,080 Speaker 1: Delve into that and see maybe what has to say 187 00:09:05,120 --> 00:09:07,920 Speaker 1: to us today. Yeah yeah, so okay, I'm not on TikTok, 188 00:09:08,000 --> 00:09:09,960 Speaker 1: but I've seen some of the videos that are that 189 00:09:09,960 --> 00:09:13,240 Speaker 1: are out there that masquerade as financial advice that's flitting 190 00:09:13,280 --> 00:09:15,120 Speaker 1: around there on the platform out there in the ether. 191 00:09:15,600 --> 00:09:19,079 Speaker 1: And if you are only listening to folks on TikTok, 192 00:09:19,120 --> 00:09:21,000 Speaker 1: for instance, there's a lot of wisdom that you're missing 193 00:09:21,040 --> 00:09:23,880 Speaker 1: out on when we only painted attention to, you know, 194 00:09:23,920 --> 00:09:27,959 Speaker 1: like influencers on some of the different social media platforms. Um. 195 00:09:28,000 --> 00:09:30,120 Speaker 1: And that's not to say that there aren't solid folks 196 00:09:30,120 --> 00:09:33,400 Speaker 1: out there who are doing decent work in the short 197 00:09:33,480 --> 00:09:36,280 Speaker 1: form format. There definitely are. But the best wisdom, the 198 00:09:36,320 --> 00:09:38,320 Speaker 1: best advice, stands the test of time, like you said, 199 00:09:38,320 --> 00:09:40,360 Speaker 1: And you know, we're not just picking on social media 200 00:09:40,400 --> 00:09:43,959 Speaker 1: as well. There's crappy financial advice even in in legacy media, 201 00:09:44,000 --> 00:09:46,120 Speaker 1: you know, like the more traditional forms of media, even 202 00:09:46,120 --> 00:09:49,160 Speaker 1: in some of the bigger papers, the TV papers, blogs. 203 00:09:49,200 --> 00:09:51,240 Speaker 1: There's bad books out there as well. Just because you 204 00:09:51,280 --> 00:09:54,160 Speaker 1: get a publishing deal or you self published that doesn't 205 00:09:54,160 --> 00:09:57,280 Speaker 1: necessarily mean that there is good advice within that book, 206 00:09:57,320 --> 00:10:00,920 Speaker 1: within that text. So in today's episode, we're gonna we're 207 00:10:00,920 --> 00:10:02,640 Speaker 1: gonna be pulling from the Bible. We're gonna be talking 208 00:10:02,640 --> 00:10:06,240 Speaker 1: about Stoicism and just some of these other wisdom traditions 209 00:10:06,640 --> 00:10:10,280 Speaker 1: from hundreds to thousands of years before time, and then 210 00:10:10,320 --> 00:10:14,480 Speaker 1: we'll connect that ancient wisdom to like a modern implementation 211 00:10:14,760 --> 00:10:17,080 Speaker 1: in order to help you to determine what it is 212 00:10:17,080 --> 00:10:19,760 Speaker 1: that you should be doing with your money. Yeah, and 213 00:10:19,880 --> 00:10:21,679 Speaker 1: you just mentioned books, Matt, and it makes me think 214 00:10:21,720 --> 00:10:24,280 Speaker 1: like most of the books that people read these days 215 00:10:24,280 --> 00:10:28,440 Speaker 1: are actually new books, right, and yet we have so 216 00:10:28,480 --> 00:10:32,800 Speaker 1: many rich books from years and years and years ago 217 00:10:33,120 --> 00:10:35,719 Speaker 1: that we just never even touch. And um, I I 218 00:10:36,160 --> 00:10:39,080 Speaker 1: subscribe to this newsletter actually, it's called read More Books, 219 00:10:39,280 --> 00:10:41,760 Speaker 1: and this guy, Jeremy Anderberg runs it and and he 220 00:10:41,800 --> 00:10:44,200 Speaker 1: reads a hundred plus books a year, and so I 221 00:10:44,240 --> 00:10:46,080 Speaker 1: just kind of want to, you know, as somebody who's 222 00:10:46,080 --> 00:10:48,080 Speaker 1: an avid reader who writes a newsletter about it, I'm 223 00:10:48,080 --> 00:10:50,040 Speaker 1: constantly curious, well, what is it that he's reading and 224 00:10:50,679 --> 00:10:53,200 Speaker 1: maybe is there something worth reading for me? And he 225 00:10:53,240 --> 00:10:55,560 Speaker 1: just wrote a top ten list that includes some of 226 00:10:55,600 --> 00:10:58,720 Speaker 1: his takeaways from having read more than a thousand books, 227 00:10:58,760 --> 00:11:01,400 Speaker 1: which is impressive. And one suggesting that he gave, which 228 00:11:01,400 --> 00:11:04,800 Speaker 1: I thought was just helpful, was to not read the 229 00:11:04,800 --> 00:11:07,200 Speaker 1: new shiny books to get marketed to us, to spend 230 00:11:07,200 --> 00:11:10,960 Speaker 1: more time with the classics. And I think he's spot 231 00:11:11,000 --> 00:11:13,080 Speaker 1: on there. I couldn't agree more. I think the same 232 00:11:13,160 --> 00:11:15,000 Speaker 1: is true when it comes to helpful thoughts on money 233 00:11:15,320 --> 00:11:18,559 Speaker 1: right there are, like you admitted, Matt, some some great 234 00:11:18,559 --> 00:11:21,840 Speaker 1: personal finance influencers giving really helpful advice on some of 235 00:11:21,840 --> 00:11:24,800 Speaker 1: the socials on Twitter, on Instagram, whatever it is. But 236 00:11:24,840 --> 00:11:28,439 Speaker 1: the more we can incorporate ancient wisdom alongside folks who 237 00:11:28,440 --> 00:11:31,080 Speaker 1: are good at translating it for modern ears, the more 238 00:11:31,160 --> 00:11:34,880 Speaker 1: thorough our understanding and connection to this subject that that 239 00:11:34,920 --> 00:11:37,679 Speaker 1: has this massive impact, this massive, massive influence on all 240 00:11:37,720 --> 00:11:40,119 Speaker 1: of us is going to be. And it's not necessarily 241 00:11:40,160 --> 00:11:43,760 Speaker 1: that old books are automatically good or wise or better. 242 00:11:44,080 --> 00:11:47,640 Speaker 1: It's important to be our automatically dustier. But we we 243 00:11:47,679 --> 00:11:51,560 Speaker 1: want folks to be thoughtful about which ancient wisdom texts 244 00:11:51,840 --> 00:11:53,600 Speaker 1: that we look at, that we read, that we listened 245 00:11:53,640 --> 00:11:55,760 Speaker 1: to makes me think about a book that we've been 246 00:11:55,840 --> 00:11:59,600 Speaker 1: checking out that came out recently called super Abundance. Speaking 247 00:11:59,640 --> 00:12:02,760 Speaker 1: of newer books, Uh, this is a newer book, but 248 00:12:02,840 --> 00:12:05,280 Speaker 1: it's like quality book and it's pretty nerdy. It's written 249 00:12:05,320 --> 00:12:07,400 Speaker 1: by two economists, but at the beginning of the book, 250 00:12:07,400 --> 00:12:11,360 Speaker 1: they're basically going through some of these different economists views 251 00:12:11,600 --> 00:12:14,600 Speaker 1: of of how humanity would progress over the These are 252 00:12:14,640 --> 00:12:18,559 Speaker 1: predictions that were made, like, I mean, hundreds of years ago. Yeah, yeah, 253 00:12:18,600 --> 00:12:22,000 Speaker 1: most of them were way off where we're seriously off. 254 00:12:22,480 --> 00:12:26,079 Speaker 1: And they often thought that the earth was becoming overpopulated 255 00:12:26,280 --> 00:12:28,960 Speaker 1: and that we would basically run out of resources, that 256 00:12:29,400 --> 00:12:32,080 Speaker 1: civilization would collapse. And that's often referred to as the 257 00:12:32,160 --> 00:12:37,839 Speaker 1: Mathusian view because Thomas Robert Mauthiss perhaps I think that's 258 00:12:37,840 --> 00:12:40,240 Speaker 1: his middle name, he was the most famous person arguing 259 00:12:40,480 --> 00:12:43,120 Speaker 1: from that vantage point. But this, you know, this book 260 00:12:43,160 --> 00:12:45,960 Speaker 1: is all about just how wrong his views have come 261 00:12:46,000 --> 00:12:48,679 Speaker 1: to be over the years. You know, instead of fewer 262 00:12:48,720 --> 00:12:53,160 Speaker 1: resources like refutation, yes, yeah, we we've got more resources 263 00:12:53,360 --> 00:12:56,600 Speaker 1: these days, instead of fewer calories per person that are 264 00:12:56,640 --> 00:13:00,400 Speaker 1: available to us now, foods, it's widely plentiful, even if 265 00:13:00,440 --> 00:13:03,280 Speaker 1: some of those resources aren't being properly matched to those 266 00:13:03,480 --> 00:13:06,600 Speaker 1: who need it in the immediate short term. I could 267 00:13:06,640 --> 00:13:09,320 Speaker 1: go on and on. Human ingenuity has just proven to 268 00:13:09,440 --> 00:13:13,600 Speaker 1: overcome these resource limitations. And so, you know, while we 269 00:13:13,640 --> 00:13:16,520 Speaker 1: are certainly critical of a lot of the modern advice 270 00:13:16,760 --> 00:13:19,560 Speaker 1: that is dispensed today, it's important to question the validity 271 00:13:19,760 --> 00:13:22,720 Speaker 1: of old advice as well. Don't just take it as canon, 272 00:13:22,760 --> 00:13:24,960 Speaker 1: don't don't just take it as you know, truth, just 273 00:13:25,000 --> 00:13:28,280 Speaker 1: because it was written to plus years ago. And in fact, 274 00:13:28,280 --> 00:13:32,720 Speaker 1: depending on what topic you're delving into there, there's probably 275 00:13:32,760 --> 00:13:36,719 Speaker 1: a lot that's changed scientifically, geographically, like our understanding, a 276 00:13:36,720 --> 00:13:38,200 Speaker 1: lot of things that we developed, and so you don't 277 00:13:38,200 --> 00:13:40,640 Speaker 1: want to go back that far. But if you're a doctor, 278 00:13:40,720 --> 00:13:42,800 Speaker 1: don't look back at some of the old texts of 279 00:13:43,000 --> 00:13:45,120 Speaker 1: like blood letting, how well, how that should be something 280 00:13:45,120 --> 00:13:46,880 Speaker 1: that we don't go watch the snake and then perform 281 00:13:46,920 --> 00:13:48,719 Speaker 1: surgery like that, Like that's not that's probably not a 282 00:13:48,760 --> 00:13:51,600 Speaker 1: good approach. But one of the reasons that ancient wisdom 283 00:13:51,720 --> 00:13:54,920 Speaker 1: often holds up is because even though the times have changed, 284 00:13:55,280 --> 00:13:58,959 Speaker 1: human nature hasn't. And even though our financial systems and 285 00:13:59,000 --> 00:14:01,559 Speaker 1: the products that are availab to us wouldn't have been 286 00:14:01,600 --> 00:14:05,400 Speaker 1: recognizable even just a couple hundred years ago. The emotions 287 00:14:05,400 --> 00:14:09,000 Speaker 1: that humans possess remain just as true and consistent as ever. 288 00:14:09,040 --> 00:14:12,200 Speaker 1: Even though there are better tools at our disposal, we 289 00:14:12,240 --> 00:14:14,800 Speaker 1: still have a hard time using them appropriately and effectively 290 00:14:15,000 --> 00:14:18,360 Speaker 1: because scarcity, jealousy, greed, like, people were dealing with all 291 00:14:18,400 --> 00:14:21,560 Speaker 1: those things, all those emotions thousands of years ago. But 292 00:14:21,800 --> 00:14:23,480 Speaker 1: it's not like we've been able to eradicate them in 293 00:14:23,520 --> 00:14:25,320 Speaker 1: any way for more fashion, like we're still dealing with 294 00:14:25,400 --> 00:14:28,640 Speaker 1: them today. Uh, just as much, if not more so. 295 00:14:29,040 --> 00:14:32,840 Speaker 1: And so, yeah, some things never change because human nature 296 00:14:32,960 --> 00:14:35,800 Speaker 1: never really changes. And this is also why we're able 297 00:14:35,840 --> 00:14:38,000 Speaker 1: to take a neutral stance when it comes to, you know, 298 00:14:38,000 --> 00:14:39,960 Speaker 1: whether or not something like money is a good or 299 00:14:40,000 --> 00:14:42,520 Speaker 1: bad thing, right, It's it's not inherently either one of 300 00:14:42,520 --> 00:14:45,000 Speaker 1: those things, because it comes down to what the individual 301 00:14:45,120 --> 00:14:47,160 Speaker 1: is doing with that money. You can you can use 302 00:14:47,160 --> 00:14:49,400 Speaker 1: the tool for good or for bad, but it all 303 00:14:49,400 --> 00:14:52,120 Speaker 1: comes down really to how you wield it. That's right. Yeah, 304 00:14:52,120 --> 00:14:54,720 Speaker 1: money is not inherently virtuous, right, It is a completely 305 00:14:54,760 --> 00:14:58,000 Speaker 1: passive tool. So we're gonna go back even further though 306 00:14:58,240 --> 00:15:00,320 Speaker 1: than just some of the economists and predict that were 307 00:15:00,320 --> 00:15:02,040 Speaker 1: made a few hundred years ago. We're gonna go back Further, 308 00:15:02,080 --> 00:15:05,760 Speaker 1: we're gonna focus less on economists and their ilk. We're 309 00:15:05,800 --> 00:15:09,600 Speaker 1: more interested in these time tested passages from literally from 310 00:15:09,600 --> 00:15:12,960 Speaker 1: millennia past that rang true then but also have a 311 00:15:13,000 --> 00:15:15,920 Speaker 1: similar residence today. We're gonna talk about how those trues 312 00:15:15,960 --> 00:15:18,280 Speaker 1: apply to your money. We'll get to that right after 313 00:15:18,320 --> 00:15:29,320 Speaker 1: this break. All right, Matt, let' let's keep going with us. 314 00:15:29,360 --> 00:15:32,680 Speaker 1: Let's talk money in ancient wisdom. And maybe let's let's 315 00:15:32,920 --> 00:15:37,280 Speaker 1: start with the Hebrew Bible in fact, where specifically there's 316 00:15:37,280 --> 00:15:40,440 Speaker 1: a lot of proverbs that speak to uh two money 317 00:15:40,720 --> 00:15:43,760 Speaker 1: and then speak to a life well lived. And the 318 00:15:43,800 --> 00:15:45,360 Speaker 1: thing is, you don't have to be Jewish or be 319 00:15:45,400 --> 00:15:49,280 Speaker 1: a Christian to gain value from the wisdom, the copious 320 00:15:49,280 --> 00:15:52,320 Speaker 1: amounts of wisdom that spring from the sixty six books 321 00:15:52,320 --> 00:15:54,960 Speaker 1: in the Bible, the books in the Old Testament, or 322 00:15:55,440 --> 00:15:58,520 Speaker 1: as the Hebrew Bible. Right, And and the reality is 323 00:15:58,800 --> 00:16:03,280 Speaker 1: that our whole society is infused with Judeo Christian ethics. 324 00:16:03,520 --> 00:16:06,640 Speaker 1: They form the basis of much of our cultural reality. 325 00:16:07,120 --> 00:16:09,480 Speaker 1: The our country was largely founded on a lot of 326 00:16:09,480 --> 00:16:13,600 Speaker 1: those ethicals. Are are legal structures as well that that 327 00:16:13,680 --> 00:16:15,920 Speaker 1: governed our our country today. Right, But I think it's 328 00:16:15,960 --> 00:16:17,920 Speaker 1: it can be hard for us to to see that 329 00:16:18,480 --> 00:16:20,120 Speaker 1: because it's the water we swim in, and we're like, 330 00:16:20,240 --> 00:16:23,840 Speaker 1: what's water, Um, well, it is truly kind of all 331 00:16:23,880 --> 00:16:25,640 Speaker 1: around us, So it can be hard if you're not 332 00:16:25,680 --> 00:16:28,480 Speaker 1: looking for it to see that. It's it's kind of 333 00:16:28,520 --> 00:16:30,840 Speaker 1: the reality of the world around us in so many ways, 334 00:16:31,160 --> 00:16:33,480 Speaker 1: and that much of the wisdom from those traditions kind 335 00:16:33,480 --> 00:16:36,400 Speaker 1: of feels less accessible to us today. And I think 336 00:16:36,400 --> 00:16:39,320 Speaker 1: it's because our nation isn't nearly as steeped in the 337 00:16:39,360 --> 00:16:43,680 Speaker 1: wisdom literature from these two monotheistic religions, not nearly as 338 00:16:43,720 --> 00:16:46,160 Speaker 1: much as we used to be, at least, And that's 339 00:16:46,200 --> 00:16:48,960 Speaker 1: not too We're not no judgment here, but we do 340 00:16:49,080 --> 00:16:52,480 Speaker 1: think that religious or not spending more time with these 341 00:16:52,520 --> 00:16:56,480 Speaker 1: books can help us better understand ourselves, the people around us, 342 00:16:56,640 --> 00:16:59,120 Speaker 1: and the society that we live in. And we think 343 00:16:59,160 --> 00:17:02,040 Speaker 1: that's spending some time with the Proverbs, with some of 344 00:17:02,040 --> 00:17:04,800 Speaker 1: this wisdom literature can help us understand money better too. 345 00:17:05,119 --> 00:17:06,879 Speaker 1: You know what's really interesting is I bet there are 346 00:17:06,920 --> 00:17:08,840 Speaker 1: a lot of folks out there who know way more 347 00:17:08,840 --> 00:17:11,920 Speaker 1: Bible verses than they realize because they just thought that 348 00:17:11,920 --> 00:17:14,480 Speaker 1: they were just staying that their Grandma said. You know, 349 00:17:14,520 --> 00:17:17,280 Speaker 1: they're like Grandma was so wise, and it's like, well, 350 00:17:17,800 --> 00:17:19,400 Speaker 1: I think she was wise, but I think she also 351 00:17:19,480 --> 00:17:22,520 Speaker 1: just knew the Bible, or she knew a lot of verses, uh, 352 00:17:22,560 --> 00:17:24,800 Speaker 1: and was in touch with ancient wisdom more than we 353 00:17:24,840 --> 00:17:27,639 Speaker 1: are now exactly exactly. Uh. And so like one that 354 00:17:27,680 --> 00:17:31,199 Speaker 1: kind of falls within that that vein is Proverbs chapter sixteen, 355 00:17:31,280 --> 00:17:34,359 Speaker 1: verse eighteen, which is pride goes before destruction, a haughty 356 00:17:34,440 --> 00:17:36,840 Speaker 1: spirit before the fall. I think a lot of times 357 00:17:36,840 --> 00:17:38,359 Speaker 1: in my mind at least always shorten that one too, 358 00:17:38,440 --> 00:17:41,600 Speaker 1: like pride goes before the Fall. But in reality, it's, yeah, 359 00:17:41,680 --> 00:17:43,840 Speaker 1: that's it's not quite that one. Let's just abbreviate that 360 00:17:43,880 --> 00:17:47,200 Speaker 1: modern wisdom or the ancient wisdom. Uh. It's uh, you know, 361 00:17:47,280 --> 00:17:50,280 Speaker 1: the how of money for translation. Proverbs it's just one 362 00:17:50,280 --> 00:17:54,000 Speaker 1: of those books though that it's it's considered wisdom literature. Uh. 363 00:17:54,040 --> 00:17:56,560 Speaker 1: And instead of these the card and fast rules of 364 00:17:56,640 --> 00:17:58,840 Speaker 1: what you can and can't do, they're more like rules 365 00:17:58,840 --> 00:18:01,480 Speaker 1: of thumb. And this one is it's basically stating that 366 00:18:01,520 --> 00:18:04,359 Speaker 1: the more prideful we are, the more likely we are 367 00:18:04,440 --> 00:18:06,399 Speaker 1: to end up in a bad place, you know, Like 368 00:18:06,400 --> 00:18:08,200 Speaker 1: we actually had an episode not too long ago where 369 00:18:08,240 --> 00:18:12,560 Speaker 1: we talked about the characteristics of great investors and humility 370 00:18:12,720 --> 00:18:14,720 Speaker 1: that was up there as one of the most important 371 00:18:14,800 --> 00:18:17,400 Speaker 1: characteristics that we that we think folks should embody when 372 00:18:17,400 --> 00:18:19,920 Speaker 1: it comes to getting far with their money. And because 373 00:18:19,920 --> 00:18:22,000 Speaker 1: the fact is, if we're too prideful to take important 374 00:18:22,359 --> 00:18:25,600 Speaker 1: helpful advice or for just even unwilling to admit that 375 00:18:25,640 --> 00:18:28,480 Speaker 1: we don't know everything, there's a good chance that is 376 00:18:28,520 --> 00:18:31,199 Speaker 1: gonna wreck havoc within our lives. Yeah, I don't know. 377 00:18:31,200 --> 00:18:33,679 Speaker 1: Maybe can we give kind of a modern example of 378 00:18:33,680 --> 00:18:36,040 Speaker 1: this matter. I think maybe that will help connect the dots. Well, 379 00:18:36,280 --> 00:18:39,080 Speaker 1: plenty of examples of their side in our world world today, 380 00:18:39,119 --> 00:18:40,680 Speaker 1: there's so many. Yes, I mean, we could spend the 381 00:18:40,680 --> 00:18:43,760 Speaker 1: whole rest of the episode giving examples, but just made 382 00:18:43,800 --> 00:18:46,600 Speaker 1: me think of everyone's good friend. Kanye West was on 383 00:18:46,680 --> 00:18:50,119 Speaker 1: CNBC recently talking about his breakup with The Gap, and 384 00:18:50,520 --> 00:18:52,840 Speaker 1: you know he he has helped the Gap be I 385 00:18:52,840 --> 00:18:55,280 Speaker 1: guess more successful, which is not just that's not saying 386 00:18:55,280 --> 00:18:57,439 Speaker 1: a whole lot because the Gap has been pretty pathetic 387 00:18:57,440 --> 00:18:59,560 Speaker 1: for a whole lot of years now, but yet they 388 00:18:59,680 --> 00:19:03,480 Speaker 1: have now parted ways and so yeah, Kanye was on 389 00:19:03,520 --> 00:19:06,840 Speaker 1: CNBC and he basically told the host that he refuses 390 00:19:06,880 --> 00:19:09,000 Speaker 1: to take advice from people who have less money than 391 00:19:09,000 --> 00:19:11,720 Speaker 1: he does. And of course the interviewer she was pretty 392 00:19:11,720 --> 00:19:15,280 Speaker 1: speechless because, uh, that's just odd. But that's that's Kanye 393 00:19:15,320 --> 00:19:17,760 Speaker 1: for you, right, And I don't know, but his response 394 00:19:17,800 --> 00:19:19,560 Speaker 1: to me it was telling because he thinks he's the 395 00:19:19,600 --> 00:19:21,400 Speaker 1: only guy in the room who knows what he's doing. 396 00:19:21,520 --> 00:19:24,159 Speaker 1: He thinks he's the most talented. And when you think 397 00:19:24,200 --> 00:19:26,679 Speaker 1: of yourself in that way, you're abound to make bigger 398 00:19:26,720 --> 00:19:29,600 Speaker 1: mistakes at some point. And whether that's because there truly 399 00:19:29,680 --> 00:19:31,600 Speaker 1: is someone who has more knowledge than you do, maybe 400 00:19:31,600 --> 00:19:34,639 Speaker 1: it's because they're simply able to provide a different perspective, 401 00:19:35,080 --> 00:19:37,080 Speaker 1: or maybe it has more to do with the social 402 00:19:37,119 --> 00:19:39,920 Speaker 1: impacts of someone who's prideful. Right. Either way, like to 403 00:19:39,920 --> 00:19:43,840 Speaker 1: to say that you can't accept advice from someone who 404 00:19:44,000 --> 00:19:48,120 Speaker 1: is less financially successful than you are, to me, reflects 405 00:19:48,160 --> 00:19:51,720 Speaker 1: a pretty prideful spirits and a lack of realizing that 406 00:19:51,800 --> 00:19:54,000 Speaker 1: we can learn from all sorts of people around us, 407 00:19:54,040 --> 00:19:56,120 Speaker 1: Like you know what, I could learn something from Kanye 408 00:19:56,480 --> 00:20:01,160 Speaker 1: even despite his kind of rat behavior, and the more 409 00:20:01,240 --> 00:20:04,120 Speaker 1: that we are on the lookout for wisdom from from 410 00:20:04,119 --> 00:20:05,960 Speaker 1: the mouth of others. I think the better off we're 411 00:20:05,960 --> 00:20:08,080 Speaker 1: going to be. That's right, man, Yeah, let's keep moving. 412 00:20:08,119 --> 00:20:10,439 Speaker 1: Then let's snag another one from Proverbs. This is from 413 00:20:10,520 --> 00:20:14,520 Speaker 1: chapter twenty two, Verse one reads, A good name is 414 00:20:14,520 --> 00:20:17,880 Speaker 1: more desirable than great riches, to be esteemed is better 415 00:20:17,920 --> 00:20:21,440 Speaker 1: than silver or gold. And so basically what this one 416 00:20:21,480 --> 00:20:23,560 Speaker 1: is saying is that money is not everything. So you 417 00:20:23,840 --> 00:20:26,680 Speaker 1: kind of gave Kanye as an example, which he always 418 00:20:26,680 --> 00:20:29,160 Speaker 1: does a Sunday service thing. I feel like we could 419 00:20:29,200 --> 00:20:32,240 Speaker 1: go there and read somebody for he found Jesus according 420 00:20:32,400 --> 00:20:34,560 Speaker 1: maybe he has, maybe he hasn't. I don't know. That's 421 00:20:34,560 --> 00:20:36,600 Speaker 1: not for me to decide or to judge. But you 422 00:20:36,640 --> 00:20:38,080 Speaker 1: gave him as an example. In my mind kind of 423 00:20:38,160 --> 00:20:42,720 Speaker 1: drifts off to somebody else who basically completely ruined the reputation, 424 00:20:42,760 --> 00:20:47,560 Speaker 1: which is Bernie made Off. Let's imagine that, uh, even 425 00:20:47,600 --> 00:20:49,359 Speaker 1: though he had done all the terrible things, he didn't, 426 00:20:49,600 --> 00:20:51,840 Speaker 1: Let's imagine that he had somehow avoided going to jail. 427 00:20:51,960 --> 00:20:53,680 Speaker 1: He had managed to hang on to all of his money. 428 00:20:54,000 --> 00:20:56,040 Speaker 1: Would you rather be the guy or the girl with ludicrous, 429 00:20:56,160 --> 00:20:58,560 Speaker 1: ridiculous amounts of money where you've got billions in the bank, 430 00:20:58,920 --> 00:21:00,960 Speaker 1: but everyone hates you, Or would you rather just be 431 00:21:01,040 --> 00:21:04,800 Speaker 1: a regular person with average assets who has a solid 432 00:21:04,800 --> 00:21:07,960 Speaker 1: reputation where you're able to live just a fulfilling and 433 00:21:08,000 --> 00:21:10,719 Speaker 1: happy life. And while there might be some folks out 434 00:21:10,760 --> 00:21:12,920 Speaker 1: there who might be tempted to, I think truly you 435 00:21:12,960 --> 00:21:15,520 Speaker 1: would know that that would not lead to to you 436 00:21:15,600 --> 00:21:18,159 Speaker 1: being happy because you know, a lot of us here 437 00:21:18,160 --> 00:21:21,200 Speaker 1: are that we're keen to build wealth, right We're we're 438 00:21:21,240 --> 00:21:24,040 Speaker 1: here to develop better money habits um, but we obviously 439 00:21:24,080 --> 00:21:26,240 Speaker 1: don't want to do it at the expense of our integrity. 440 00:21:26,480 --> 00:21:28,800 Speaker 1: I just saw a recent survey actually showing that folks 441 00:21:28,880 --> 00:21:31,359 Speaker 1: they care more about being respected at work then they 442 00:21:31,359 --> 00:21:34,880 Speaker 1: care actually about making more money. I think there's totally 443 00:21:34,960 --> 00:21:37,480 Speaker 1: something to that. Even if there are, if there's like 444 00:21:37,480 --> 00:21:40,280 Speaker 1: this underlying truth that folks aren't even aware of. Uh Like, 445 00:21:40,359 --> 00:21:42,960 Speaker 1: I think that those desires are pointing to, like a hire, 446 00:21:43,000 --> 00:21:45,959 Speaker 1: a more ultimate truth. We would all be more than 447 00:21:46,000 --> 00:21:48,440 Speaker 1: happy to get a raise tomorrow, but if that came 448 00:21:48,480 --> 00:21:51,520 Speaker 1: alongside a boss who doesn't respect us, or maybe who 449 00:21:51,520 --> 00:21:54,320 Speaker 1: puts us down constantly that fat ter paycheck, it is 450 00:21:54,359 --> 00:21:57,160 Speaker 1: not going to keep us around very long. Ultimately, it's 451 00:21:57,200 --> 00:21:59,680 Speaker 1: not about the money. It's also about how we're treated 452 00:21:59,720 --> 00:22:01,960 Speaker 1: as into viguals and the other things that matter in life. 453 00:22:02,440 --> 00:22:04,320 Speaker 1: You're talking when you're talking about Kanye, it also makes 454 00:22:04,359 --> 00:22:07,720 Speaker 1: me think about just how somebody who's prideful, there are 455 00:22:07,880 --> 00:22:11,639 Speaker 1: just social barriers that get like these more rays and 456 00:22:11,840 --> 00:22:14,760 Speaker 1: norms and traditions that also just get pushed to the 457 00:22:14,800 --> 00:22:18,000 Speaker 1: side with somebody who's who's prideful, and so feelings get hurt, 458 00:22:18,000 --> 00:22:20,400 Speaker 1: bridges get burned, and there are individuals who are like, 459 00:22:20,440 --> 00:22:22,080 Speaker 1: all right, well, even if that guy is like the 460 00:22:22,119 --> 00:22:23,760 Speaker 1: smartest guy on the RAM, or even if that guy 461 00:22:23,880 --> 00:22:26,920 Speaker 1: is the most wealthy person around, I don't like how 462 00:22:26,920 --> 00:22:29,240 Speaker 1: he treats people. I don't like how he treats me. Uh. 463 00:22:29,240 --> 00:22:31,560 Speaker 1: And it makes you not necessarily want to do business 464 00:22:31,600 --> 00:22:34,120 Speaker 1: with somebody like that. We've all known somebody who was 465 00:22:34,359 --> 00:22:36,760 Speaker 1: the best at something, are just really really good at something, 466 00:22:37,040 --> 00:22:38,840 Speaker 1: but because of how prideful they are, because of how 467 00:22:39,200 --> 00:22:40,679 Speaker 1: how much of a show off they might be, it's 468 00:22:40,720 --> 00:22:42,040 Speaker 1: like we don't want to hang around them. And it 469 00:22:42,080 --> 00:22:45,520 Speaker 1: doesn't matter that they're brilliant and a brilliant designer or 470 00:22:45,560 --> 00:22:47,440 Speaker 1: something like that. It's like, I just I'd rather work 471 00:22:47,440 --> 00:22:50,840 Speaker 1: with the second most brilliant designer because, uh, the person 472 00:22:50,880 --> 00:22:52,800 Speaker 1: who is the best at this is just too tough 473 00:22:52,840 --> 00:22:55,320 Speaker 1: to get along with. Um. Well, okay, so we're gonna 474 00:22:55,359 --> 00:22:58,040 Speaker 1: get past just the Proverbs, Matt, But there's just really 475 00:22:58,119 --> 00:22:59,960 Speaker 1: is when you're talking about old school, wouldn't was the 476 00:23:00,080 --> 00:23:03,960 Speaker 1: literature that has a lot to say to us today 477 00:23:04,080 --> 00:23:06,359 Speaker 1: about money? Proverbs is really the place to start. We're 478 00:23:06,359 --> 00:23:08,080 Speaker 1: gonna get to some of the Stoics, we're even gonna 479 00:23:08,080 --> 00:23:11,720 Speaker 1: get to some New Testament Christianity. But something else from 480 00:23:11,760 --> 00:23:14,959 Speaker 1: Proverbs twenty two real quick about debt. Proverbs twenty two 481 00:23:15,000 --> 00:23:17,160 Speaker 1: is a good one. Yeah, Yeah, that's definitely one worth 482 00:23:17,160 --> 00:23:18,880 Speaker 1: looking at. There's there's a lot of there. Well. Verse 483 00:23:18,880 --> 00:23:21,480 Speaker 1: seven says the rich rule over the poor, and the 484 00:23:21,520 --> 00:23:24,840 Speaker 1: borrowers servant to the lender. And yeah, we we've talked 485 00:23:24,880 --> 00:23:26,880 Speaker 1: about having loads of debt. How it can impact your 486 00:23:26,880 --> 00:23:30,520 Speaker 1: mental faculties, right, How how debt kind of makes you dumber. 487 00:23:30,560 --> 00:23:33,440 Speaker 1: The reality is, like study show that you're if you're 488 00:23:33,440 --> 00:23:36,760 Speaker 1: walking around up your eyeballs in debt, you're gonna lose 489 00:23:36,760 --> 00:23:39,080 Speaker 1: something tend to twelve points off your i Q. It's 490 00:23:39,119 --> 00:23:41,600 Speaker 1: going to be more difficult to make smart decisions if 491 00:23:41,600 --> 00:23:43,760 Speaker 1: you're hanging onto boat loads of debt. But of course, 492 00:23:44,040 --> 00:23:46,800 Speaker 1: the truth is that when you have loads of debt, right, 493 00:23:46,840 --> 00:23:49,680 Speaker 1: each paycheck requires payments to your credits. Are so money 494 00:23:49,720 --> 00:23:52,440 Speaker 1: that's coming in every two weeks, well a good portion 495 00:23:52,480 --> 00:23:54,800 Speaker 1: of it is going out in order to pay the piper. 496 00:23:55,160 --> 00:23:57,800 Speaker 1: And we don't want you to be house poor. We 497 00:23:57,800 --> 00:24:00,800 Speaker 1: don't want you to be a servant to credit card companies, 498 00:24:00,840 --> 00:24:03,560 Speaker 1: to Visa or two American Express. And that doesn't mean 499 00:24:03,600 --> 00:24:06,000 Speaker 1: that all debt is dumb either. Right. We talked about 500 00:24:06,040 --> 00:24:09,560 Speaker 1: that the strategic use of debt in episode five sixty six. 501 00:24:09,960 --> 00:24:12,880 Speaker 1: The principle I think we can extract here is that 502 00:24:13,000 --> 00:24:16,040 Speaker 1: going overboard on debt, owing too many folks too much 503 00:24:16,119 --> 00:24:19,160 Speaker 1: money creates an imbalance in your life that can put 504 00:24:19,160 --> 00:24:22,080 Speaker 1: you in a precarious position and matters. We read that 505 00:24:22,080 --> 00:24:24,760 Speaker 1: little passage right that the borrowers servant to the lender. 506 00:24:24,760 --> 00:24:27,200 Speaker 1: I think sometimes that's been that's been abused, and it's 507 00:24:27,200 --> 00:24:30,960 Speaker 1: basically told people that like debt is is not okay 508 00:24:31,119 --> 00:24:34,439 Speaker 1: regardless of circumstances. Yeah, it's been used as like a 509 00:24:34,440 --> 00:24:36,560 Speaker 1: bludgeend to hit hit people over the head. With two 510 00:24:36,920 --> 00:24:39,439 Speaker 1: see how stupid debt is. Well, that's what we were 511 00:24:39,440 --> 00:24:41,800 Speaker 1: trying to avoid talking about the strategic use of debt 512 00:24:41,800 --> 00:24:43,600 Speaker 1: when we discussed it. And it makes me think of 513 00:24:44,320 --> 00:24:47,720 Speaker 1: of a friend who decided to pay off his student 514 00:24:47,720 --> 00:24:50,800 Speaker 1: loans even though based on where he was working, he 515 00:24:50,960 --> 00:24:53,400 Speaker 1: was going to be eligible to have those loans forgiven. 516 00:24:53,440 --> 00:24:55,800 Speaker 1: And he not only did he did he use money 517 00:24:55,840 --> 00:24:57,960 Speaker 1: that he had on hand to pay off that student 518 00:24:57,960 --> 00:25:00,399 Speaker 1: loan debt early that would have been forgiven. What what 519 00:25:00,520 --> 00:25:03,800 Speaker 1: he opted to do was to sell some of his assets, 520 00:25:03,880 --> 00:25:06,920 Speaker 1: to sell some of his investments to pay off those 521 00:25:06,960 --> 00:25:09,119 Speaker 1: loans early. And then that he stepped back from the 522 00:25:09,119 --> 00:25:11,719 Speaker 1: movies made years ago. He has a little more wisdom. 523 00:25:11,800 --> 00:25:13,720 Speaker 1: He he wishes he hadn't have done it, because the 524 00:25:13,720 --> 00:25:16,439 Speaker 1: truth is that debt would have been forgiven, and on 525 00:25:16,480 --> 00:25:19,040 Speaker 1: the flip side, his investments would have seen, you know, 526 00:25:19,119 --> 00:25:21,800 Speaker 1: quite an increase. And so while it is true that 527 00:25:21,880 --> 00:25:23,600 Speaker 1: the borrower is servant to the lender, there's a lot 528 00:25:23,600 --> 00:25:26,080 Speaker 1: of truth in that phrase. Um. It's also, like you said, 529 00:25:26,160 --> 00:25:28,520 Speaker 1: these are rules of thumb coming from the proverbs. It's 530 00:25:28,520 --> 00:25:31,159 Speaker 1: basically wise counsel pointing us in the right direction, not 531 00:25:31,200 --> 00:25:34,160 Speaker 1: telling us exactly how to behave in every instance, right, Yeah, 532 00:25:34,200 --> 00:25:36,560 Speaker 1: But simultaneously, I mean, I would say that if there's 533 00:25:36,600 --> 00:25:39,760 Speaker 1: somebody out there who feels that, based on like because 534 00:25:39,760 --> 00:25:42,240 Speaker 1: of principle, that they want to pay off all debts 535 00:25:42,280 --> 00:25:43,960 Speaker 1: that they owe, even though that there is a chance 536 00:25:43,960 --> 00:25:47,000 Speaker 1: of it getting forgiven, I personally would take advantage of 537 00:25:47,040 --> 00:25:49,520 Speaker 1: any sort of forgiveness program. But that being said, I 538 00:25:49,800 --> 00:25:51,720 Speaker 1: do think that folks can follow on different sides of 539 00:25:51,720 --> 00:25:54,080 Speaker 1: that fence. And while he may have changed his mind, 540 00:25:54,119 --> 00:25:56,320 Speaker 1: had he not changed his mind, and in retrospect, if 541 00:25:56,320 --> 00:25:58,520 Speaker 1: he was just like no, I still think that that 542 00:25:58,600 --> 00:26:01,200 Speaker 1: was a wise decision. I really would stand by anybody 543 00:26:01,200 --> 00:26:03,560 Speaker 1: who feels that they are making the right decision for 544 00:26:03,640 --> 00:26:06,040 Speaker 1: them personally. When we talked about that with some of 545 00:26:06,080 --> 00:26:08,080 Speaker 1: our friends or you know, guests on the show who 546 00:26:08,080 --> 00:26:10,000 Speaker 1: have paid off a mortgage early, right, and we've said 547 00:26:10,359 --> 00:26:12,800 Speaker 1: that's not that's not what we're gonna do. But it 548 00:26:12,840 --> 00:26:15,600 Speaker 1: makes sense to us from a psychological and money perspect 549 00:26:15,600 --> 00:26:18,480 Speaker 1: exactly if that debt is frustrating you to the point 550 00:26:18,520 --> 00:26:19,920 Speaker 1: where you gotta get rid of it and you'd rather 551 00:26:19,920 --> 00:26:22,640 Speaker 1: prioritize that over other things, that's okay. But it's also 552 00:26:22,760 --> 00:26:25,679 Speaker 1: I think, yeah, there's there's wisdom here and not taking 553 00:26:25,720 --> 00:26:29,240 Speaker 1: this little passage as something that says like I must 554 00:26:29,960 --> 00:26:32,000 Speaker 1: sell all my possessions to get rid of my debt 555 00:26:32,240 --> 00:26:34,280 Speaker 1: before I do anything else exactly. All right, let's talk 556 00:26:34,320 --> 00:26:37,760 Speaker 1: about some fancy living. And this is another one from Proverbs. 557 00:26:37,960 --> 00:26:40,640 Speaker 1: This is from chapter twenty one and in verse seventeen, 558 00:26:40,640 --> 00:26:44,000 Speaker 1: it says that whoever loves pleasure will become poor, whoever 559 00:26:44,040 --> 00:26:47,720 Speaker 1: loves wine and olive oil will never be rich. And 560 00:26:48,080 --> 00:26:49,800 Speaker 1: craft beer does the same thing. About craft beer, man, 561 00:26:50,000 --> 00:26:55,200 Speaker 1: I feel there's a slight sense of judgment, not judgment tradiction. 562 00:26:55,440 --> 00:26:56,960 Speaker 1: That's the I guess that's maybe what I'm feeling a 563 00:26:56,960 --> 00:26:59,440 Speaker 1: little bit, because obviously back then wine and olive oil 564 00:26:59,560 --> 00:27:02,879 Speaker 1: they were delicacies in ancient times. And so, yeah, is 565 00:27:03,160 --> 00:27:06,240 Speaker 1: this proverb saying that you can't like nice things? Well, no, 566 00:27:06,840 --> 00:27:09,800 Speaker 1: but it is possible to put too much emphasis on 567 00:27:09,880 --> 00:27:12,680 Speaker 1: them if we say that we love craft beer. And 568 00:27:12,800 --> 00:27:15,840 Speaker 1: oftentimes I think we maybe we use the word love 569 00:27:15,960 --> 00:27:18,360 Speaker 1: too often. But there's a difference between saying that, like, oh, man, 570 00:27:18,400 --> 00:27:21,000 Speaker 1: I really love craft beer versus in my heart it 571 00:27:21,080 --> 00:27:24,359 Speaker 1: being something that completes me and and not just fancy 572 00:27:24,400 --> 00:27:27,120 Speaker 1: food or drink, but anything. I think you can kind 573 00:27:27,119 --> 00:27:29,520 Speaker 1: of take that place in your heart. And this one's 574 00:27:29,520 --> 00:27:31,360 Speaker 1: interesting too because I think it's a warning to those 575 00:27:31,400 --> 00:27:34,240 Speaker 1: who are successful, right because if you might be listening 576 00:27:34,400 --> 00:27:36,800 Speaker 1: and you're thinking, well, all right, that's that's fine, But 577 00:27:36,840 --> 00:27:38,800 Speaker 1: I've got zero temptation to do that in my life. 578 00:27:38,800 --> 00:27:41,919 Speaker 1: I'm living paycheck to paycheck. I'm barely making enough to 579 00:27:42,480 --> 00:27:44,879 Speaker 1: pay for the essentials. Will definitely still pay attention. But 580 00:27:44,920 --> 00:27:46,760 Speaker 1: this is a warning to those who are at the 581 00:27:47,440 --> 00:27:49,520 Speaker 1: stage and their wealth building game that they have a 582 00:27:49,600 --> 00:27:52,840 Speaker 1: little bit more disposable income, they have the ability, they've 583 00:27:52,840 --> 00:27:55,480 Speaker 1: got a little more margin on hand, and they're thinking, oh, well, 584 00:27:55,480 --> 00:27:57,000 Speaker 1: what am I going to spend my money on now? 585 00:27:57,600 --> 00:28:00,200 Speaker 1: And you start to spend it on some of these 586 00:28:00,400 --> 00:28:03,280 Speaker 1: nicer things, which I believe can be a slippery slope. 587 00:28:03,359 --> 00:28:05,840 Speaker 1: I think if by spending a little bit, if that 588 00:28:05,840 --> 00:28:08,960 Speaker 1: puts you on this path to losing control of your 589 00:28:09,000 --> 00:28:10,840 Speaker 1: spending and where it is that your money is going. 590 00:28:10,880 --> 00:28:12,480 Speaker 1: I think it's better to not have spent that money 591 00:28:12,520 --> 00:28:14,880 Speaker 1: at all on that thing and to have never experienced 592 00:28:15,200 --> 00:28:17,479 Speaker 1: this thing that could have brought to you some some 593 00:28:17,560 --> 00:28:19,520 Speaker 1: joy in your life if it means that you're gonna 594 00:28:19,520 --> 00:28:21,920 Speaker 1: see a lot more of your money going to waste 595 00:28:21,960 --> 00:28:24,040 Speaker 1: and potentially your your life even ruined as well. All right, 596 00:28:24,119 --> 00:28:26,000 Speaker 1: makes me think of did a Rose robe. We've talked 597 00:28:26,000 --> 00:28:28,159 Speaker 1: about that on the straw before, right, the French philosopher, 598 00:28:28,200 --> 00:28:30,880 Speaker 1: the did Aro effect. Yeah, who who gets a new 599 00:28:30,960 --> 00:28:33,800 Speaker 1: robe and for some reason everything else in his life 600 00:28:33,800 --> 00:28:36,280 Speaker 1: looks to you like he was frugal and he gets 601 00:28:36,280 --> 00:28:39,320 Speaker 1: this one nice new piece of clothing, and then all 602 00:28:39,360 --> 00:28:42,440 Speaker 1: of a sudden he goes Bancroft basically trying to update 603 00:28:42,440 --> 00:28:44,280 Speaker 1: everything else around him. And I think that is You're right, 604 00:28:44,320 --> 00:28:46,080 Speaker 1: that's a real problem. We're gonna give kind of the 605 00:28:46,560 --> 00:28:49,640 Speaker 1: counter balance point to that in a little bit when 606 00:28:49,680 --> 00:28:51,880 Speaker 1: we go over some stoic advice Matt. But but it 607 00:28:52,000 --> 00:28:54,440 Speaker 1: is true. I think you're right that it's easy to 608 00:28:54,480 --> 00:28:56,840 Speaker 1: fall in love with nice things, and once we started 609 00:28:56,880 --> 00:28:59,960 Speaker 1: incorporating more nice things into our lives, it's hard for 610 00:29:00,040 --> 00:29:01,400 Speaker 1: us to go back. We as humans, we have a 611 00:29:01,440 --> 00:29:03,840 Speaker 1: hard time. And once you start getting your house clean 612 00:29:03,880 --> 00:29:05,480 Speaker 1: twice twice a month, it's hard to go back to 613 00:29:05,560 --> 00:29:07,360 Speaker 1: once a month, right, stuff like that, So you have 614 00:29:07,400 --> 00:29:08,760 Speaker 1: to be careful about what you bring in on the 615 00:29:08,760 --> 00:29:11,920 Speaker 1: front end. And uhm, let's do something else from the Bible, 616 00:29:11,920 --> 00:29:14,840 Speaker 1: from Christian tradition. This is finally not in the Proverbs. 617 00:29:14,960 --> 00:29:17,400 Speaker 1: This is from Luke, chapter twelve. This is a parable 618 00:29:17,480 --> 00:29:20,480 Speaker 1: that that Jesus tells about storing up possessions for yourself 619 00:29:20,480 --> 00:29:23,240 Speaker 1: here on earth, and this farmer he harvests crops, and 620 00:29:23,240 --> 00:29:25,960 Speaker 1: he yields just such a bounty that he decides to 621 00:29:25,960 --> 00:29:28,600 Speaker 1: to not only just build bigger storehouses, but teared on 622 00:29:28,640 --> 00:29:30,920 Speaker 1: the old ones so that he can build bigger ones 623 00:29:30,960 --> 00:29:32,920 Speaker 1: in their stead. And that once he once he has 624 00:29:32,920 --> 00:29:37,080 Speaker 1: those built and his his massive harvest stored, he can 625 00:29:37,080 --> 00:29:38,440 Speaker 1: just eat, drink and be merry. He doesn't even have 626 00:29:38,480 --> 00:29:41,280 Speaker 1: to think about the future anymore. He's got himself set 627 00:29:41,320 --> 00:29:44,480 Speaker 1: for life. And um, I think you know, there's a 628 00:29:44,520 --> 00:29:46,320 Speaker 1: sense in which maybe we all think like that, that 629 00:29:46,600 --> 00:29:50,040 Speaker 1: our pursuit of financial independence is going to allow us 630 00:29:50,080 --> 00:29:53,280 Speaker 1: to not have to rely on anyone or anything. But 631 00:29:53,320 --> 00:29:56,320 Speaker 1: while Jesus is speaking, he's basically speaking to the where 632 00:29:56,360 --> 00:29:58,960 Speaker 1: we pin our eternal hope in this passage. But a 633 00:29:59,000 --> 00:30:02,240 Speaker 1: simple and practical and behind this parabble two is that 634 00:30:02,360 --> 00:30:05,720 Speaker 1: life is fleeting, and this guy he decides to build 635 00:30:05,760 --> 00:30:08,239 Speaker 1: these bigger barns that he can store his stuff and 636 00:30:08,280 --> 00:30:11,360 Speaker 1: then just chill as right, just rest on his laurels, 637 00:30:11,600 --> 00:30:15,560 Speaker 1: hang out, subliminate in his rocking chair. But the reality 638 00:30:15,600 --> 00:30:16,800 Speaker 1: is that not a single one of us knows if 639 00:30:16,800 --> 00:30:19,120 Speaker 1: we're gonna wake up tomorrow to enjoy the fruits of 640 00:30:19,120 --> 00:30:22,600 Speaker 1: our labor. You know, eventually we're all gonna die, which 641 00:30:22,920 --> 00:30:25,360 Speaker 1: which actually, probably Matt, makes it a good time for 642 00:30:25,440 --> 00:30:28,280 Speaker 1: us to start talking about the Stoics their wisdom because 643 00:30:28,280 --> 00:30:31,560 Speaker 1: they were were kind of hyper focused on the ultimate reality, 644 00:30:31,560 --> 00:30:35,360 Speaker 1: the mento mori, that's right, keeping that, uh, the eventuality 645 00:30:35,640 --> 00:30:38,560 Speaker 1: of death front and center on the tippy tops of 646 00:30:38,560 --> 00:30:40,400 Speaker 1: their minds. That's right. Yeah, So we'll talk about some 647 00:30:40,400 --> 00:30:43,000 Speaker 1: some Stoic wisdom. We'll even get into a little bit 648 00:30:43,000 --> 00:30:45,280 Speaker 1: of Buddhism and we'll get to we'll get to that 649 00:30:45,320 --> 00:30:47,520 Speaker 1: ancient wisdom and how it intersects with our money right 650 00:30:47,560 --> 00:30:58,640 Speaker 1: after this break. All right, now that we wrapped up 651 00:30:58,640 --> 00:31:02,640 Speaker 1: that Jesus Christ super Aver segments, we can move on 652 00:31:02,680 --> 00:31:05,600 Speaker 1: to the Stoics. It still cracks me up to say 653 00:31:05,640 --> 00:31:09,160 Speaker 1: that out loud. It's a good title. The Stoics. All right, 654 00:31:09,280 --> 00:31:11,440 Speaker 1: So when you think about the fact that these folks 655 00:31:11,560 --> 00:31:14,840 Speaker 1: lived in ancient Greece, like like two thousand years ago, 656 00:31:14,880 --> 00:31:17,959 Speaker 1: it is impressive to hear some of the wisdom that 657 00:31:18,000 --> 00:31:20,520 Speaker 1: they possessed. Uh. And so the Stoic philosophy, it's all 658 00:31:20,520 --> 00:31:25,440 Speaker 1: about building resilience, uh, and that no matter what circumstances 659 00:31:25,480 --> 00:31:28,360 Speaker 1: you are born into, that you will grow into confidence 660 00:31:28,520 --> 00:31:31,560 Speaker 1: that you can take on anything. Uh. It's no surprise 661 00:31:31,640 --> 00:31:33,920 Speaker 1: that I feel like Stoic stoicism is sort of making 662 00:31:33,920 --> 00:31:37,479 Speaker 1: a comeback today, whether that's just sort of the current 663 00:31:37,720 --> 00:31:41,240 Speaker 1: financial crisis or the you know what work markets are, 664 00:31:41,400 --> 00:31:42,920 Speaker 1: just the kind of world that we live in today. 665 00:31:43,560 --> 00:31:45,400 Speaker 1: But there's a lot of great truths that we can 666 00:31:45,440 --> 00:31:48,640 Speaker 1: take from Stoicism and apply those two not only our lives, 667 00:31:48,680 --> 00:31:51,280 Speaker 1: but to personal finances as well. I think living in 668 00:31:51,320 --> 00:31:55,120 Speaker 1: a time of abundance like we have now, like there's 669 00:31:55,120 --> 00:31:58,880 Speaker 1: even more necessity for self restraint. And the Stoics really 670 00:31:59,080 --> 00:32:02,080 Speaker 1: talked about that deal, right, Yeah, yeah, because at the time, 671 00:32:02,120 --> 00:32:05,000 Speaker 1: like Greek civilization was at its pinnacle, like it was 672 00:32:05,040 --> 00:32:07,600 Speaker 1: at the peak, and but they also realized that that 673 00:32:07,880 --> 00:32:11,479 Speaker 1: partaking in that engrging yourself on the abundance was not 674 00:32:11,640 --> 00:32:15,440 Speaker 1: bringing about that happy ultimate fulfillment. Yeah, totally agree. And 675 00:32:15,520 --> 00:32:17,680 Speaker 1: that's yeah, it's it's really interesting because there's certainly a 676 00:32:17,720 --> 00:32:20,480 Speaker 1: parallel to that today within our world, where we have 677 00:32:20,560 --> 00:32:24,000 Speaker 1: the most comfort, the most information at our fingertips, as 678 00:32:24,000 --> 00:32:26,360 Speaker 1: well as it's like we asked wealth, even the poorest 679 00:32:26,360 --> 00:32:29,840 Speaker 1: among us have more wealth. Really was imaginable throughout most 680 00:32:29,800 --> 00:32:31,760 Speaker 1: of history. Yeah, and and and just the internet, like 681 00:32:31,840 --> 00:32:35,760 Speaker 1: literally we were we lack very little in our modern age, 682 00:32:35,960 --> 00:32:38,960 Speaker 1: in particular in this country. Yeah, for sure. So uh 683 00:32:39,440 --> 00:32:42,120 Speaker 1: epic tetious Matt He's one of the most fascinating Stoics 684 00:32:42,120 --> 00:32:45,239 Speaker 1: to me, partly because he was born into slavery and 685 00:32:45,360 --> 00:32:48,320 Speaker 1: his name literally means the acquired one, and he spent 686 00:32:48,400 --> 00:32:51,440 Speaker 1: the first thirty years of his life in chains. And 687 00:32:51,560 --> 00:32:54,520 Speaker 1: he he once said that wealth consists not in having 688 00:32:54,560 --> 00:32:57,840 Speaker 1: great possessions, but in having few wants. That's that's the 689 00:32:57,920 --> 00:33:01,200 Speaker 1: quote I remember from him most. And then Seneca, another 690 00:33:01,200 --> 00:33:04,560 Speaker 1: of the great Stoic philosopher, said that contented poverty is 691 00:33:04,600 --> 00:33:07,560 Speaker 1: an honorable estate. And I think those two quotes really 692 00:33:07,560 --> 00:33:09,240 Speaker 1: go together for me because at the heart of both 693 00:33:09,240 --> 00:33:13,120 Speaker 1: of them is the ability to be completely satisfied with 694 00:33:13,160 --> 00:33:16,160 Speaker 1: where you're at in life, even if your lot in life, 695 00:33:16,160 --> 00:33:18,160 Speaker 1: even if the place where you are isn't where you 696 00:33:18,240 --> 00:33:20,080 Speaker 1: want to be, even if there's a lot of progress 697 00:33:20,120 --> 00:33:22,720 Speaker 1: left to be made. But to realize that getting more money, 698 00:33:22,760 --> 00:33:25,360 Speaker 1: more possessions, a bigger house, a nicer car, that they're 699 00:33:25,400 --> 00:33:27,760 Speaker 1: not actually going to bring fulfillment. We would say it's 700 00:33:27,800 --> 00:33:31,120 Speaker 1: wise to desire the upside of wealth without being dependent 701 00:33:31,160 --> 00:33:33,320 Speaker 1: on it. And I think it's really easy, Matt, for 702 00:33:33,400 --> 00:33:35,240 Speaker 1: us to think that once we cross a certain threshold, 703 00:33:35,240 --> 00:33:38,120 Speaker 1: whether it's net worthwise, or whether it's success in our 704 00:33:38,160 --> 00:33:40,440 Speaker 1: career wise, whether it's achieving the position or a certain 705 00:33:40,440 --> 00:33:42,600 Speaker 1: amount of podcast downloads or something like that, that that's 706 00:33:42,600 --> 00:33:45,160 Speaker 1: going to make you happy. The truth is it will. 707 00:33:46,320 --> 00:33:48,600 Speaker 1: The truth is once you get to that point, there's 708 00:33:48,640 --> 00:33:50,640 Speaker 1: always a next hill to climb, and so it never 709 00:33:50,720 --> 00:33:52,760 Speaker 1: does really make you happy as a human, And so 710 00:33:52,800 --> 00:33:55,840 Speaker 1: you have to find your contentedness in other places, right, 711 00:33:56,040 --> 00:33:58,520 Speaker 1: and being able to yeah, see kind of how the 712 00:33:58,520 --> 00:33:59,920 Speaker 1: Stokes are able to do it, how they thought of 713 00:34:00,000 --> 00:34:03,240 Speaker 1: at it, I think can be really informative to how 714 00:34:03,640 --> 00:34:05,640 Speaker 1: we start to think about our our own trajectory. Yeah, 715 00:34:05,640 --> 00:34:08,279 Speaker 1: we're constantly moving the goalposts. Uh. And so what Yeah, 716 00:34:08,320 --> 00:34:11,239 Speaker 1: while you're talking about how we often seek after more possessions, 717 00:34:11,280 --> 00:34:15,080 Speaker 1: here's another banger from Seneca, which is it is the 718 00:34:15,200 --> 00:34:18,759 Speaker 1: quality rather than the quantity that matters. This is a 719 00:34:18,760 --> 00:34:21,000 Speaker 1: great one because it feels like our society, it's it's 720 00:34:21,000 --> 00:34:24,359 Speaker 1: often focused on just acquiring more stuff, you know, like 721 00:34:24,400 --> 00:34:26,520 Speaker 1: not just finding fulfillment in those in those things, but 722 00:34:26,640 --> 00:34:28,759 Speaker 1: just more and more, you know. Is it's sort of 723 00:34:28,800 --> 00:34:31,080 Speaker 1: like the biggerest better kind of mantra. But we feel, 724 00:34:31,200 --> 00:34:34,640 Speaker 1: for instance, it's way better to focus on quality over quantity. 725 00:34:34,680 --> 00:34:37,560 Speaker 1: We think it's better to have like quality relationships rather 726 00:34:37,600 --> 00:34:41,000 Speaker 1: than a slew of acquaintances, and spending our our money 727 00:34:41,640 --> 00:34:45,839 Speaker 1: on quality items is something worth prioritizing as well, like 728 00:34:45,840 --> 00:34:51,440 Speaker 1: in a world of fast fashion and prepackaged foods, disposable toys, um, 729 00:34:51,960 --> 00:34:56,200 Speaker 1: a world of plastic. Basically, it's helpful to rethink our 730 00:34:56,239 --> 00:34:58,600 Speaker 1: spending patterns. Uh. And you know, at least for me, 731 00:34:58,640 --> 00:35:02,000 Speaker 1: that that's meant buying fewer things, but oftentimes more just 732 00:35:02,120 --> 00:35:05,200 Speaker 1: expensive ones as it pertains to quality because they're going 733 00:35:05,239 --> 00:35:07,239 Speaker 1: to last for a much longer time. It's like those 734 00:35:07,280 --> 00:35:09,919 Speaker 1: antique pieces versus the Ikea pieces and we talked about 735 00:35:09,920 --> 00:35:12,759 Speaker 1: at the beginning exactly and not a disparaged Ikea. There's 736 00:35:12,800 --> 00:35:14,920 Speaker 1: a time and place and depending on where where you 737 00:35:14,960 --> 00:35:17,440 Speaker 1: are in life. But simultaneously, yeah, I think there's a 738 00:35:17,480 --> 00:35:20,839 Speaker 1: lot that can be learned, not only from buying higher 739 00:35:20,920 --> 00:35:23,160 Speaker 1: quality items that are that are gonna last, but also 740 00:35:23,200 --> 00:35:26,280 Speaker 1: the different things that we pour our time and energy 741 00:35:26,360 --> 00:35:29,080 Speaker 1: into as well. Yeah, are another good one from Santeca 742 00:35:29,160 --> 00:35:32,360 Speaker 1: because he was full of them. He said that until 743 00:35:32,400 --> 00:35:34,760 Speaker 1: we begin to go without them, we fail to realize 744 00:35:34,840 --> 00:35:39,359 Speaker 1: how unnecessary many things are. And I mean, that's so 745 00:35:39,480 --> 00:35:42,000 Speaker 1: ridiculously true. We would suggest that it would be helpful, 746 00:35:42,239 --> 00:35:45,440 Speaker 1: helpful exercise to walk through your house finding objects that 747 00:35:45,560 --> 00:35:47,920 Speaker 1: you really wanted at one point. We all have those, 748 00:35:48,200 --> 00:35:50,960 Speaker 1: and then things maybe you thought you couldn't live without, 749 00:35:51,120 --> 00:35:53,879 Speaker 1: in order to see whether or not they're making you happy, 750 00:35:53,880 --> 00:35:57,400 Speaker 1: whether they're paying dividends, and uh, are are you still 751 00:35:57,480 --> 00:36:01,000 Speaker 1: using that what was a must have item using it regularly? 752 00:36:01,320 --> 00:36:03,840 Speaker 1: And a good place to start would probably be your closet, 753 00:36:03,920 --> 00:36:06,600 Speaker 1: right you still have tags on those new items you 754 00:36:06,640 --> 00:36:08,799 Speaker 1: purchased months and months ago, saying that you, oh man, 755 00:36:08,840 --> 00:36:10,120 Speaker 1: I can't wait to where this is gonna be the 756 00:36:10,160 --> 00:36:13,120 Speaker 1: perfect piece for this and this occasion. Well so, so 757 00:36:13,160 --> 00:36:16,000 Speaker 1: many of the things we identify as needs are actually 758 00:36:16,040 --> 00:36:18,080 Speaker 1: just wants, right, And we would do well to think 759 00:36:18,080 --> 00:36:21,600 Speaker 1: about the things we purchased that are actually unnecessary and 760 00:36:21,840 --> 00:36:24,440 Speaker 1: to keep this lesson front of mine for future purchases. 761 00:36:24,719 --> 00:36:27,320 Speaker 1: And it might even be helpful to purposefully go without 762 00:36:27,360 --> 00:36:30,040 Speaker 1: some things and start to clear out some of the 763 00:36:30,080 --> 00:36:32,120 Speaker 1: items in your house you aren't using us frequently to 764 00:36:32,280 --> 00:36:34,520 Speaker 1: give away to people who who might use those things 765 00:36:34,520 --> 00:36:36,759 Speaker 1: more with more regularity. But the truth is a lot 766 00:36:36,800 --> 00:36:39,640 Speaker 1: of us have probably a lot of unnecessary things floating 767 00:36:39,719 --> 00:36:43,200 Speaker 1: around our house, things that cost us money to buy, 768 00:36:43,239 --> 00:36:46,000 Speaker 1: and that costs us time to produce the money. And 769 00:36:46,160 --> 00:36:48,120 Speaker 1: when the reality is that our time is our most 770 00:36:48,239 --> 00:36:51,680 Speaker 1: important asset, we have often squandered it in the pursuit 771 00:36:51,719 --> 00:36:53,920 Speaker 1: of things that aren't really moving the needle for us. 772 00:36:53,960 --> 00:36:56,840 Speaker 1: That's right. Well, So, actually, as you're talking about being charitable. 773 00:36:57,280 --> 00:37:00,040 Speaker 1: Marcus Aurelius, he's another one of the most fam his 774 00:37:00,080 --> 00:37:02,479 Speaker 1: stoic philosophers out there. He said that the only wealth 775 00:37:02,480 --> 00:37:04,640 Speaker 1: which you keep forever is the wealth that you have 776 00:37:04,760 --> 00:37:07,759 Speaker 1: given away. And you know, I feel that we've lost 777 00:37:07,800 --> 00:37:10,480 Speaker 1: the understanding of this in our culture. Who you know 778 00:37:10,760 --> 00:37:13,319 Speaker 1: that always does want to have more. But it is 779 00:37:13,440 --> 00:37:15,760 Speaker 1: so true that when you, you know, give your time 780 00:37:15,920 --> 00:37:18,520 Speaker 1: your money away, that you do become a happier person. 781 00:37:19,040 --> 00:37:21,520 Speaker 1: Oftentimes the folks who are most generous are the ones 782 00:37:21,680 --> 00:37:24,839 Speaker 1: who actually have the least amount of possessions. Um. But we, 783 00:37:24,920 --> 00:37:27,320 Speaker 1: you know, we think that giving your money away regularly 784 00:37:28,000 --> 00:37:30,880 Speaker 1: to causes to to folks or you know who, who 785 00:37:30,960 --> 00:37:33,120 Speaker 1: you're passionate about, who you want to see advanced in 786 00:37:33,120 --> 00:37:35,919 Speaker 1: the world, that that is going to allow you to 787 00:37:35,920 --> 00:37:39,040 Speaker 1: to see your money do good around you, also giving 788 00:37:39,040 --> 00:37:42,399 Speaker 1: you a healthier relationship with money in general. Yeah, we've 789 00:37:42,400 --> 00:37:44,960 Speaker 1: always said that giving your money away gives you a 790 00:37:45,040 --> 00:37:47,920 Speaker 1: more healthy relationship to your money, lessening your attachment to 791 00:37:48,120 --> 00:37:49,920 Speaker 1: something that is a tool right and that you can 792 00:37:50,040 --> 00:37:52,279 Speaker 1: use for good, but you can use to see good 793 00:37:52,320 --> 00:37:55,640 Speaker 1: happen in the world around you, specifically through nonprofits or 794 00:37:55,680 --> 00:37:58,600 Speaker 1: in generosity to individuals who are in need nearby where 795 00:37:58,600 --> 00:38:00,359 Speaker 1: you live. And Matt, I want to hit it one 796 00:38:00,400 --> 00:38:03,880 Speaker 1: more from Seneca, who he said, for the wise man 797 00:38:03,960 --> 00:38:07,799 Speaker 1: does not consider himself unworthy of any gifts from fortune's hand. 798 00:38:08,239 --> 00:38:10,759 Speaker 1: He does not love wealth, but he would rather have it. 799 00:38:11,239 --> 00:38:13,879 Speaker 1: He does not admit it into his heart, but into 800 00:38:13,880 --> 00:38:17,120 Speaker 1: his home, and what wealth is his, he does not reject, 801 00:38:17,160 --> 00:38:20,319 Speaker 1: but keeps wishing it to supply greater scope for him 802 00:38:20,320 --> 00:38:24,279 Speaker 1: to practice his virtue. And I really love this one because, Yeah, 803 00:38:24,360 --> 00:38:25,960 Speaker 1: I think you know you and I we really believe 804 00:38:26,040 --> 00:38:28,480 Speaker 1: that building wealth is a good thing. Obviously we talked 805 00:38:28,480 --> 00:38:31,319 Speaker 1: about it a lot on this on this podcast, but 806 00:38:31,360 --> 00:38:34,240 Speaker 1: it's important to ask ourselves. Is our pursuit of building 807 00:38:34,239 --> 00:38:36,920 Speaker 1: wealth helping us become more of who we want to be? 808 00:38:37,520 --> 00:38:39,160 Speaker 1: Or is it detracting from it? And I think at 809 00:38:39,160 --> 00:38:41,759 Speaker 1: different points in my life, Matt, I've found that my 810 00:38:41,880 --> 00:38:44,359 Speaker 1: attempts at building well, I've been so focused on the 811 00:38:44,360 --> 00:38:46,879 Speaker 1: money side of my life that I've been missing out 812 00:38:46,920 --> 00:38:48,640 Speaker 1: on things that are actually more important. And I think 813 00:38:48,840 --> 00:38:51,759 Speaker 1: what Seneca is speaking to here. He's talking about not 814 00:38:51,880 --> 00:38:54,280 Speaker 1: letting the wealth we acquire get too close to our hearts, 815 00:38:54,520 --> 00:38:57,640 Speaker 1: influencing and changing who we are. And so I think 816 00:38:57,640 --> 00:39:00,200 Speaker 1: you can do both those things simultaneously. I think think 817 00:39:00,239 --> 00:39:03,239 Speaker 1: you can rather have wealth, like he says, without loving it, 818 00:39:03,280 --> 00:39:07,080 Speaker 1: but keeping keeping wealth really in a in a healthy 819 00:39:07,080 --> 00:39:09,200 Speaker 1: spot in your life where it is something that you 820 00:39:09,280 --> 00:39:12,799 Speaker 1: are keen to build, keen to preserve, but that gets 821 00:39:12,800 --> 00:39:16,520 Speaker 1: demoated down the list of the biggest priorities in your life. Yeah. Man, 822 00:39:16,560 --> 00:39:18,480 Speaker 1: I love the casualness of it. You know, he would 823 00:39:18,600 --> 00:39:21,279 Speaker 1: rather have it. He does not love money. Uh. There's 824 00:39:21,360 --> 00:39:24,680 Speaker 1: this sort of like not las fair approach, but just 825 00:39:24,760 --> 00:39:27,160 Speaker 1: kind of like a casual, open handed Uh. It's not 826 00:39:27,239 --> 00:39:29,080 Speaker 1: something that you're clinging to. It's not something that you're 827 00:39:29,120 --> 00:39:33,800 Speaker 1: striving after. It's not ambivalence somewhere in between there, right, Yeah, yeah, exactly. 828 00:39:34,200 --> 00:39:36,760 Speaker 1: So we've said a lot, We've quoted a bunch of Seneca, 829 00:39:36,800 --> 00:39:40,000 Speaker 1: but he also talks about the like what is the 830 00:39:40,000 --> 00:39:43,000 Speaker 1: proper amount of wealth for an individual to have? Uh? 831 00:39:43,040 --> 00:39:45,399 Speaker 1: And he says, first of all, it's having enough money 832 00:39:45,800 --> 00:39:48,080 Speaker 1: that you're able to cover the essential things in life. 833 00:39:48,080 --> 00:39:51,920 Speaker 1: But then secondly, it's just simply having enough, which I 834 00:39:52,000 --> 00:39:54,719 Speaker 1: love because it Man, it's like a double edged shore 835 00:39:54,800 --> 00:39:57,480 Speaker 1: because what that means is that pretty much anybody listening 836 00:39:57,520 --> 00:40:00,520 Speaker 1: to this can decide right now that they have enough. 837 00:40:00,880 --> 00:40:04,359 Speaker 1: You just have to decide that. But again, you can 838 00:40:04,400 --> 00:40:05,840 Speaker 1: flip that on its head though, because there might be 839 00:40:05,920 --> 00:40:08,479 Speaker 1: somebody who would always say that like, well, I don't 840 00:40:08,520 --> 00:40:10,480 Speaker 1: have enough, and it could always be this thing that 841 00:40:10,520 --> 00:40:12,600 Speaker 1: they're striving after where they are just wanting more and 842 00:40:12,600 --> 00:40:15,799 Speaker 1: more and feeding the beast exactly insatiable. Yeah, and so 843 00:40:15,920 --> 00:40:18,759 Speaker 1: I I think there's a lot of power there. But basically, 844 00:40:18,800 --> 00:40:21,160 Speaker 1: I think what Cyneca is getting at is the the 845 00:40:21,239 --> 00:40:25,200 Speaker 1: ability for us to rein in our behavior and how 846 00:40:25,200 --> 00:40:28,560 Speaker 1: it is that we view and perceive and pursue money. 847 00:40:28,800 --> 00:40:31,080 Speaker 1: It comes down to us as individuals. I don't think 848 00:40:31,080 --> 00:40:34,440 Speaker 1: there's there's not like necessarily a right or wrong amount 849 00:40:34,600 --> 00:40:36,920 Speaker 1: of money, but it's all about how it is that 850 00:40:36,960 --> 00:40:39,920 Speaker 1: we do the dang thing. Yeah, reminds me of another 851 00:40:39,920 --> 00:40:41,920 Speaker 1: saying that my mom used to say back that speaking 852 00:40:41,920 --> 00:40:45,120 Speaker 1: of ancient wisdom, matt uh, she's not that old, but 853 00:40:45,440 --> 00:40:49,359 Speaker 1: she would but she would always tell me that how like, 854 00:40:49,480 --> 00:40:51,040 Speaker 1: it's not what you say, it's how you say it, 855 00:40:51,520 --> 00:40:54,160 Speaker 1: And there's matters so much truth to it right that 856 00:40:54,160 --> 00:40:56,920 Speaker 1: that it is how. It's not the words that are 857 00:40:56,960 --> 00:40:59,040 Speaker 1: coming out of your mouth, it's the way in which 858 00:40:59,040 --> 00:41:01,080 Speaker 1: you were treating someone, why you say it, and whether 859 00:41:01,280 --> 00:41:05,080 Speaker 1: you're saying it with like anger or whether you're saying 860 00:41:05,080 --> 00:41:08,400 Speaker 1: it out of love. It's people perceive that, and so 861 00:41:08,480 --> 00:41:10,960 Speaker 1: much of the same is true. I think when it 862 00:41:10,960 --> 00:41:13,680 Speaker 1: comes to how we handle our money, um and the 863 00:41:13,719 --> 00:41:15,840 Speaker 1: way in which we go about it matters. And I 864 00:41:16,080 --> 00:41:20,479 Speaker 1: don't know, there's this concept in Buddhism called the middle way. 865 00:41:20,680 --> 00:41:23,799 Speaker 1: I think it's worth mentioning here too. Basically, it's this 866 00:41:23,960 --> 00:41:28,360 Speaker 1: call to avoid extremes and the realities. We live in 867 00:41:28,400 --> 00:41:31,680 Speaker 1: a society that is incredibly polarized, which I would say 868 00:41:31,719 --> 00:41:34,960 Speaker 1: makes it easier said than done. Right, we're kind of 869 00:41:35,280 --> 00:41:39,080 Speaker 1: fighting uphill to live in a way that's different from 870 00:41:39,320 --> 00:41:42,120 Speaker 1: our modern culture, from popular culture. You know, political views 871 00:41:42,120 --> 00:41:44,319 Speaker 1: are fierce. You know, money views can be as well. 872 00:41:44,640 --> 00:41:46,200 Speaker 1: You know, on that front. Mat makes me think of 873 00:41:46,200 --> 00:41:48,520 Speaker 1: the Fire movement. It's kind of an extreme way to 874 00:41:48,640 --> 00:41:50,800 Speaker 1: view your money. It's it's it's not that there aren't 875 00:41:50,800 --> 00:41:53,080 Speaker 1: great principles there and great people in the movement. But 876 00:41:53,120 --> 00:41:55,680 Speaker 1: we've also said that, you and I we've also always 877 00:41:55,719 --> 00:41:58,200 Speaker 1: really talked about kind of a middle way that would 878 00:41:58,200 --> 00:42:02,200 Speaker 1: focus not on depriving yourself but also not over indulging. 879 00:42:02,440 --> 00:42:04,760 Speaker 1: And and that's just constantly what we're trying to espouse 880 00:42:04,800 --> 00:42:09,320 Speaker 1: here is balance. Basically, this middle way with your finances 881 00:42:09,520 --> 00:42:13,120 Speaker 1: enjoying the here and now while realizing that money is 882 00:42:13,680 --> 00:42:16,560 Speaker 1: a piece of the puzzle, while saving investing wisely for 883 00:42:16,600 --> 00:42:19,360 Speaker 1: your future. And it is not the easiest thing to 884 00:42:19,360 --> 00:42:21,320 Speaker 1: get right. I think it's a pendulum that is constantly 885 00:42:21,320 --> 00:42:23,799 Speaker 1: swinging because we as humans, we never really kind of 886 00:42:23,800 --> 00:42:26,919 Speaker 1: find the sweet spot and stay there. We're always kind 887 00:42:26,920 --> 00:42:29,800 Speaker 1: of on the march to to be in that sweet spot. 888 00:42:29,880 --> 00:42:31,640 Speaker 1: And so it's okay to see that in yourself, because 889 00:42:31,719 --> 00:42:34,279 Speaker 1: I think anybody who's trying to be decent with their 890 00:42:34,320 --> 00:42:36,680 Speaker 1: money sees that in their own lives right that that 891 00:42:36,800 --> 00:42:39,880 Speaker 1: at times they are too frugal and at other times 892 00:42:40,080 --> 00:42:43,320 Speaker 1: they might prioritize investing for the future more than they should. 893 00:42:43,360 --> 00:42:45,520 Speaker 1: They should enjoy some of the fruits that are labor 894 00:42:45,520 --> 00:42:47,560 Speaker 1: in the here and now, and that maybe we use 895 00:42:47,760 --> 00:42:50,359 Speaker 1: You might think after hearing us talk about this, oh man, 896 00:42:50,360 --> 00:42:52,319 Speaker 1: I haven't really thought about giving my money away at all, 897 00:42:52,560 --> 00:42:55,439 Speaker 1: And maybe it's a good time for you to reconsider. Well, 898 00:42:55,560 --> 00:42:57,200 Speaker 1: maybe you're too attached to your money, and it would 899 00:42:57,200 --> 00:43:00,680 Speaker 1: be a good idea to look for ways to give 900 00:43:01,160 --> 00:43:03,359 Speaker 1: of what you've been given to care for those around you, 901 00:43:03,600 --> 00:43:06,120 Speaker 1: people who have more need than you do. But man, 902 00:43:06,200 --> 00:43:07,920 Speaker 1: it's it's just fun to kind of go over some 903 00:43:07,960 --> 00:43:10,480 Speaker 1: of these these ancient quotes, some of these ancient texts 904 00:43:10,640 --> 00:43:13,200 Speaker 1: to gain wisdom because there are a lot of deep 905 00:43:13,239 --> 00:43:15,640 Speaker 1: and beautiful truths here that I think like we can 906 00:43:15,680 --> 00:43:19,959 Speaker 1: all uh run through the filter of modern life and 907 00:43:20,239 --> 00:43:22,719 Speaker 1: kind of start to make different choices with how we 908 00:43:22,800 --> 00:43:25,520 Speaker 1: think about how we approach our money. Totally. Yeah, And 909 00:43:25,560 --> 00:43:27,799 Speaker 1: it's not lost on us too that we barely just 910 00:43:28,000 --> 00:43:31,440 Speaker 1: touched on, like Buddhism and uh, any tradition that some 911 00:43:31,480 --> 00:43:33,880 Speaker 1: of the Eastern, Yeah, like Eastern traditions as opposed to 912 00:43:33,920 --> 00:43:35,680 Speaker 1: most of what we talked about today was kind of 913 00:43:35,719 --> 00:43:37,640 Speaker 1: more from the Western traditions. We're speaking to things that 914 00:43:37,719 --> 00:43:39,920 Speaker 1: we're more familiar with at least very like there's a 915 00:43:39,920 --> 00:43:41,879 Speaker 1: lot more we can dive into. For sure, I could 916 00:43:41,920 --> 00:43:44,759 Speaker 1: totally see us doing an entirely new episode where we 917 00:43:44,920 --> 00:43:47,759 Speaker 1: do dive into some of those Eastern traditions and some 918 00:43:47,840 --> 00:43:50,600 Speaker 1: of the wisdom that can be garnered there and how 919 00:43:50,640 --> 00:43:52,280 Speaker 1: it is that we can apply that to our money. 920 00:43:52,320 --> 00:43:54,280 Speaker 1: So yeah, maybe look out for that one in the future. 921 00:43:54,440 --> 00:43:56,400 Speaker 1: But Joel, we're gonna go ahead and shift to our 922 00:43:56,480 --> 00:43:59,040 Speaker 1: beer that you and I enjoyed. This was apricot crumble. 923 00:43:59,280 --> 00:44:02,239 Speaker 1: This is a beer vitamin see brewing. What were your 924 00:44:02,239 --> 00:44:04,280 Speaker 1: thoughts on this one, dude? Yeah, I feel like, actually 925 00:44:04,840 --> 00:44:07,120 Speaker 1: a month or so ago, I got a pie from 926 00:44:07,239 --> 00:44:10,680 Speaker 1: one of our local piemaking shops and it tastes a 927 00:44:10,680 --> 00:44:13,040 Speaker 1: lot like this one. It was so good and and 928 00:44:13,080 --> 00:44:15,640 Speaker 1: the beer was delicious as well. It's like the apricots 929 00:44:15,640 --> 00:44:17,759 Speaker 1: came through nicely. I think Arsenal was a peach crumble um, 930 00:44:17,800 --> 00:44:20,719 Speaker 1: but apricots are like a little sweeter, have just like 931 00:44:20,760 --> 00:44:23,480 Speaker 1: a little more hartness going on. This one had like 932 00:44:23,560 --> 00:44:25,960 Speaker 1: some of the fresh crust vibes as well going on, 933 00:44:26,080 --> 00:44:28,600 Speaker 1: with like a dash of cinnamon in there to go 934 00:44:28,640 --> 00:44:31,520 Speaker 1: along with it. So I this definitely tasted like the 935 00:44:31,520 --> 00:44:35,120 Speaker 1: beer version of a delicious pie, and I guess I 936 00:44:35,160 --> 00:44:36,640 Speaker 1: like it a lot. Yeah, I liked it as well, 937 00:44:37,520 --> 00:44:38,960 Speaker 1: So it wasn't so I was. We've had some of 938 00:44:39,000 --> 00:44:42,080 Speaker 1: the beers by a humble Forger. That also makes me 939 00:44:42,120 --> 00:44:45,080 Speaker 1: think of tripping animals, where all all of their beers 940 00:44:45,239 --> 00:44:47,719 Speaker 1: are in the style, but they're often just boozier and 941 00:44:47,719 --> 00:44:51,279 Speaker 1: they're just just way thicker, a lot heavier. And this 942 00:44:51,320 --> 00:44:53,240 Speaker 1: was a similar style, but they didn't get too crazy 943 00:44:53,320 --> 00:44:55,239 Speaker 1: with it. I felt that they kept the amount of 944 00:44:55,239 --> 00:44:58,440 Speaker 1: sweetness in check where it felt like it was not 945 00:44:58,560 --> 00:45:00,959 Speaker 1: quite ripe apricot, right, it was a little bit tart, 946 00:45:01,160 --> 00:45:03,560 Speaker 1: like maybe you had like a slight amount of crunch 947 00:45:03,640 --> 00:45:06,120 Speaker 1: as opposed to where you're you're looking at it, because 948 00:45:06,160 --> 00:45:08,320 Speaker 1: the best fruit, like the sweetest fruit, it never looks 949 00:45:08,320 --> 00:45:10,640 Speaker 1: good right, Like, you look at it and you think 950 00:45:11,239 --> 00:45:13,560 Speaker 1: should I toss that? But then you you know, wash 951 00:45:13,600 --> 00:45:14,920 Speaker 1: it and eat it, and you're like, oh my gosh, 952 00:45:14,920 --> 00:45:17,880 Speaker 1: this is like the sweetest, most delicious right fruit that 953 00:45:17,880 --> 00:45:20,480 Speaker 1: I've ever had. I feel like this one tasted like 954 00:45:20,520 --> 00:45:23,440 Speaker 1: an apricot that looked real nice, which also meant that 955 00:45:23,520 --> 00:45:25,480 Speaker 1: isn't a little bit tart. Yeah, but it totally had 956 00:45:25,520 --> 00:45:27,560 Speaker 1: some of those crumble crust notes going on. Some of that. 957 00:45:28,239 --> 00:45:30,000 Speaker 1: I think there's like some of that lactose in it 958 00:45:30,040 --> 00:45:32,200 Speaker 1: as well. It made it taste nice and creamy. It 959 00:45:32,280 --> 00:45:34,520 Speaker 1: was really enjoyable, and I don't think we've ever actually 960 00:45:34,520 --> 00:45:38,359 Speaker 1: had a beer by Vitamin C before. But yeah, I'm 961 00:45:38,360 --> 00:45:39,759 Speaker 1: glad that you were able to pick this one up 962 00:45:39,800 --> 00:45:42,000 Speaker 1: and we were able to share it during this episode. 963 00:45:42,040 --> 00:45:43,799 Speaker 1: No doubt me too. It was a. It was a 964 00:45:43,800 --> 00:45:46,000 Speaker 1: good one, but that's gonna do it for this episode. 965 00:45:46,120 --> 00:45:47,919 Speaker 1: Don't forget to sign up for the How the Money 966 00:45:47,920 --> 00:45:50,600 Speaker 1: newsletter on our website at how the Money dot com 967 00:45:50,680 --> 00:45:53,600 Speaker 1: slash newsletter makes sense right. It'll show up into your 968 00:45:53,600 --> 00:45:57,280 Speaker 1: inbox every Tuesday morning, hopefully giving you a nice chuffle 969 00:45:57,480 --> 00:46:00,239 Speaker 1: along with some good money information. But Matt, that's going 970 00:46:00,280 --> 00:46:02,439 Speaker 1: to do it for this episode until next time. Best 971 00:46:02,480 --> 00:46:04,319 Speaker 1: Friends Out, Best Friends Out,