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Speaker 1: Joel, you and I man, we do a lot of

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Speaker 1: things together. We live life together. Are our families. We

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Speaker 1: don't live life together. We do our families like we

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Speaker 1: we go through life. I don't even know you. Our

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Speaker 1: kids are the same age to get to the same school, right,

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Speaker 1: like we we ride bikes together, we drink beer together.

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Speaker 1: But a lot of folks know that we talk about

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Speaker 1: money together. That's what we're most known for. Yeah, we do. Yeah,

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Speaker 1: the podcast, the show now and I'm just joking. We

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Speaker 1: have a lot of fun together. We're good buds, best

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Speaker 1: buds really, and Yeah, this episode that we're replaying today

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Speaker 1: is all about how to begin conversations about money, because

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Speaker 1: Matt that that's a huge part of the reason we

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Speaker 1: started this podcast was we wanted to encourage other people

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Speaker 1: to get better with their money, but then also to

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Speaker 1: talk about money more frequently with the people that are

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Speaker 1: closest to them because it can be such an awkward conversation.

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Speaker 1: It is a topic that is often just foregone in friendships.

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Speaker 1: In close relationships. We don't talk about it with our

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Speaker 1: spouse lots of times, we don't talk about it with

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Speaker 1: our parents. We don't talk about it with close friends.

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Speaker 1: It's one of those things that we've just put on

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Speaker 1: the taboo list along with politics and religion, and I

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Speaker 1: hate that because I think money doesn't have to be

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Speaker 1: that way. And in this episode we gave a lot

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Speaker 1: of tips for people can get past that into having real,

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Speaker 1: meaningful conversations about money. And once we do that, it

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Speaker 1: makes a massively positive impact on all of our financial

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Speaker 1: lives as a whole. Yeah, and like you mentioned, this

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Speaker 1: was like a big part of the inspiration behind our show,

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Speaker 1: and so for that reason, we feel this is a

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Speaker 1: really important episode to re air for folks to hear

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Speaker 1: because a lot of folks haven't dug that far back

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Speaker 1: into the catalog. We talked about a lot of the

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Speaker 1: different benefits that you received from talking about money, right,

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Speaker 1: And the fact is it's just fun, right. It's it's

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Speaker 1: more fun to talk about things with other people, whether

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Speaker 1: that be like cheering for a team or just going

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Speaker 1: through life together like I mentioned, you know, or even

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Speaker 1: like working together. It's more fun when you're doing that

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Speaker 1: with the friend. And so guess what your money, your

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Speaker 1: personal finances, it's gonna be a lot more fun if

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Speaker 1: you're talking about that with somebody else and not only

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Speaker 1: is it gonna be more fun, but there's gonna be

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Speaker 1: more accountability there as well, especially if you have an

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Speaker 1: individual who is sort of maybe more of an accountability partner.

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Speaker 1: If you together have set these different personal finance you know,

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Speaker 1: achievements that you're both striving after, you're going to be

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Speaker 1: able to achieve those things much faster were you to

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Speaker 1: do that with somebody else versus just you kind of

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Speaker 1: wanting to hunker down and do it on your own. Yeah,

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Speaker 1: you kind of become more like the people you surround

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Speaker 1: yourself with. And the more you're able to positively bring

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Speaker 1: up topics like money and thinking positively about money and

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Speaker 1: how you handle it with people, the more positive trajectory

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Speaker 1: your personal finances are going to be on. I think too.

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Speaker 1: At the same time, there's less shame and less stigma

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Speaker 1: attached to it. The more we can bring this topic

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Speaker 1: out in the open. I think sometimes we feel a

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Speaker 1: good bit of shame about the money mistakes what we've made,

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Speaker 1: and because of that which we we feel really uncomfortable

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Speaker 1: bringing those things up. But you know what, the chance

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Speaker 1: is that you're your close friend or family member they've

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Speaker 1: also made some stupid money mistakes as well, and it's

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Speaker 1: okay to bring those out into the light. And I

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Speaker 1: think it's actually really helpful too for all of us.

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Speaker 1: And then we realize not everybody has it together, you know,

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Speaker 1: and and it's okay, very few folks have it to go, right, Yeah,

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Speaker 1: And it's okay to share our mistakes and it's okay

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Speaker 1: to talk about how we can improve. And if we

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Speaker 1: just let the subject lie dormant instead, then chances are

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Speaker 1: we're going to repeat those mistakes instead of learning from

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Speaker 1: them and moving on. So, yeah, this was a really

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Speaker 1: important episode map that we put out a couple of

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Speaker 1: years ago. Yeah, end of Yeah, but still so relevant

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Speaker 1: even today. So that's why we thought it was a

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Speaker 1: perfect time to share this episode again. Yeah, man, So

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Speaker 1: without further ado, let's get to that episode. Welcome to

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Speaker 1: How to Money. I'm Joel and I'm Matt, and today

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Speaker 1: we're going to convince you to start talking about money. Joel,

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Speaker 1: what's going on? Man? What's up, buddy? So you know

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Speaker 1: the car we got from Carbona, it only came with

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Speaker 1: a single key fob. And we've talked about this because

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Speaker 1: you were commenting on the wire that I had aft

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Speaker 1: around the electronics portion to hold it together, because when

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Speaker 1: I would stick it into the ignition to turn it,

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Speaker 1: it would want to rip apart, which is no good man.

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Speaker 1: It's a little awkward, precarious the way you had to

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Speaker 1: set up. Yeah, the metal kind of poked out a

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Speaker 1: little bit too, so it kind of like cut your hand.

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Speaker 1: You could like stab on your kids accidentally with it

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Speaker 1: or something. But seriously, for weeks, I have been concerned

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Speaker 1: that it was gonna snap off in the ignition while

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Speaker 1: I am far from home, and that I would be stranded,

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Speaker 1: and specifically that it would end up costing me a

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Speaker 1: ton of money to have to pay for a mobile

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Speaker 1: key service to show up, have to pay their exorbitant rates,

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Speaker 1: and then a few hundred dollars later I then have

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Speaker 1: a working key, right, And so it kind of came

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Speaker 1: down for me to this question of am I being

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Speaker 1: cheap or am I being frugal by not replacing the key?

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Speaker 1: And by the way, man, a lot of people get

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Speaker 1: ripped off by locksmiths. There are so many locksmith scams

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Speaker 1: it's not even funny. And most of the locksmith scammers

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Speaker 1: have really gamed the Google rankings. So if you google

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Speaker 1: somebody local, that's a locksmith. The chances are that the

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Speaker 1: few ads that you're gonna see at the top are

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Speaker 1: gonna be from a scam artist who's going to quote

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Speaker 1: you over the phone. Then it's gonna be thirty bucks.

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Speaker 1: And then they show up and it's two. So it's

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Speaker 1: like a thirty dollar minimum. Well that's the thing, dude.

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Speaker 1: I So I was calling around to a bunch of

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Speaker 1: the places in Atlanta and that's and they were all

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Speaker 1: kind of shady. They either had a mobile set up

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Speaker 1: where the guy would show up to wherever you are,

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Speaker 1: which I understand because a lot of times that's what

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Speaker 1: you need for a mobile lock smith, but a lot

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Speaker 1: of them are kind of vague. They would either say

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Speaker 1: that there's like a third dollar minimum or something like that,

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Speaker 1: but then they're just like, well, it just kind of

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Speaker 1: depends on the key. It depends on the programming that

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Speaker 1: has to take place. And so I would say, Okay,

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Speaker 1: well I'll tell you what I have. It's a twelve,

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Speaker 1: you know, it's a Honda, this is this is what

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Speaker 1: I need, and they would just say, oh, it just

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Speaker 1: depends you just they have to be there to see

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Speaker 1: And I did not like that at all. You definitely

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Speaker 1: don't want to go with a company that, when you

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Speaker 1: give them the information they refused to get at it's

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Speaker 1: take a ballpark, yes. And so because of that though,

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Speaker 1: I've been avoiding getting the stupid key fixed and or

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Speaker 1: not fixed. I just wanted to get another one made,

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Speaker 1: but I was afraid, especially after we did our episode

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Speaker 1: on Are You Frugal or Are You Cheap? I thought

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Speaker 1: to myself, Dude, this is something that is going to

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Speaker 1: end up costing me way more money because I'm gonna

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Speaker 1: be strained somewhere. I'm gonna have to pay out the

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Speaker 1: nose because we're going to be in a situation where

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Speaker 1: we need to get the van, where we need to

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Speaker 1: get the car and head out somewhere right away. And

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Speaker 1: so I finally did my research though, and found a

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Speaker 1: place that was a little bit outside of Atlanta. It

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Speaker 1: was too double wides, kind of pushed together, the kind

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Speaker 1: of place that you want to go for sure, but

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Speaker 1: they did have good reviews and I called them. They

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Speaker 1: gave me a straight up quote, and dude, I've got

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Speaker 1: a working factory Honda key fob and I've got two

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Speaker 1: of them now for just over a hundred bucks. I

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Speaker 1: just wanted to share that because this is an instance

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Speaker 1: where I felt had I kept kind of piecing it together. Literally,

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Speaker 1: I could have I was using tape for I was

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Speaker 1: used or I had wire wrapped around there. I'd like

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Speaker 1: kind of cut out a little notch, you know, to

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Speaker 1: hold the key together. But I knew that eventually that

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Speaker 1: was gonna end up costing me way more. And even

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Speaker 1: though I had to pay you know, over a hundred

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Speaker 1: bucks for this, I knew that it was most definitely

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Speaker 1: worthwhile because it was gonna keep me from having to

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Speaker 1: pay more down the road. Yeah, save you from being

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Speaker 1: strained or high and dry. It gives you the chance

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Speaker 1: to do like some research from your desk, you know,

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Speaker 1: I'll find that right company without the stress. Yes, yeah,

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Speaker 1: oh my gosh, that just sounds awful being strained with

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Speaker 1: the key. And then a lot of people too would

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Speaker 1: have probably gone to the dealership to get a new

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Speaker 1: key made. And it's true that some of those programmable

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Speaker 1: keys are a little more difficult to make than they

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Speaker 1: used to be. Right, you can't just take your car

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Speaker 1: key to the minute key kiosk, how your Kroger or

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Speaker 1: your Lows or whatever it is. But you're still not

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Speaker 1: at the mercy of the car dealership, because they would

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Speaker 1: have charged you probably per key set. I would imagine

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Speaker 1: there's something close to that. Yeah, I would think so easy.

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Speaker 1: It gets pretty outrageous. So you know, doing your research,

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Speaker 1: finance someone else that does it on your own time

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Speaker 1: before that inevitable breakdown miles away from home happens where

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Speaker 1: your key falls apart. That's the way to do it, man. Yeah,

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Speaker 1: and I think that is frugal. Right, that's planning ahead.

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Speaker 1: I was able to do my research. Yeah. Yeah, that's

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Speaker 1: planning ahead and not just leaving it to the whims

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Speaker 1: of chance where you're in a much more frustrating position

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Speaker 1: and in a position where you are probably gonna pay

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Speaker 1: off the nose in order to get something fixed. Yeah, certainly. Man.

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Speaker 1: What I'm saying is I just felt like an adult,

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Speaker 1: well is doing it? All right? Sometimes that sort of

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Speaker 1: takes right. We gotta feel like an adult exactly. All right. Well,

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Speaker 1: let's introduce the beer matt that we're drinking today, Zoos

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Speaker 1: Juice by Westbrook Brewing Company and Angry Chair Brewing Company.

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Speaker 1: So this is a collaboration beer collaboration. Yeah, man, you

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Speaker 1: pick this up at your local favorites. Craft beer shop,

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Speaker 1: and uh, what kind of beer is this? Yeah, so

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Speaker 1: this is something I don't think I've ever had before.

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Speaker 1: It's a sour wheat ale brewed with a bunch of

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Speaker 1: different stuff tangerine, pineapple, cherry, coconut, lactose, and marshmallows. So

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Speaker 1: they put the whole kitchens into his beer. I'm really

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Speaker 1: pumped to drink this one today, share it with you.

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Speaker 1: We'll fill everybody in on what the what this beer

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Speaker 1: tastes like at the end of the show. Cheers Man,

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Speaker 1: thanks for picking that up, all right, So onto the

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Speaker 1: subject at hand. We want people to start talking about money, Matt,

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Speaker 1: and in particular, we want people to start having conversations

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Speaker 1: about personal finance with their family and friends and Matt,

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Speaker 1: that's part of the reason that we started this whole

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Speaker 1: podcast was we wanted to have these conversations because they're

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Speaker 1: fun for us, but we also kind of wanted to

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Speaker 1: spur those conversations on for other people and give them

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Speaker 1: something to talk about. Honestly, a podcast is one of

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Speaker 1: the best ways to start a conversation about money because

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Speaker 1: you can both listen to something and then come back

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Speaker 1: together to talk about it. And so I know that

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Speaker 1: a lot of couples have used Financial Education Podcast as

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Speaker 1: a way to kind of spur talking about those issues

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Speaker 1: and trying to get on the same page and unite.

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Speaker 1: This episode is dedicated to helping spur those conversations in

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Speaker 1: individual homes and in relationships. We just want it to

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Speaker 1: be more of an open dialogue because there's a huge

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Speaker 1: issue surrounding the way we talk about money in our country.

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Speaker 1: That's right, man, And it's just bizarre almost right, how

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Speaker 1: these money conversations aren't a part of our life. We

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Speaker 1: we talk about so many different things with our friends,

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Speaker 1: We talk about things that might even seem more intimate

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Speaker 1: and like personal with each other. But then for whatever reason,

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Speaker 1: a lot of times friends and even family members as well,

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Speaker 1: they just don't talk about their finances. But regardless of why,

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Speaker 1: most folks don't talk about money. When you don't talk

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Speaker 1: about money, you don't get better at it, right, And

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Speaker 1: so we all have room for improvement, and so we're

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Speaker 1: here to talk about it. We're here to talk about

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Speaker 1: how much we spend on groceries, or we're here to

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Speaker 1: talk about the amount of money or putting aside in

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Speaker 1: our fro o one case, and ultimately, like the end

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Speaker 1: goal that we're trying to work towards by being smart

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Speaker 1: with our money is financial independence. These are all sort

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Speaker 1: of things throughout life that we want to talk about

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Speaker 1: and hopefully shut some light and help this topic not

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Speaker 1: be something that feels so off limits with you and

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Speaker 1: your friends. Yeah, and something that kind of struck me recently.

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Speaker 1: Matt was seeing some of the articles surrounding the topic

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Speaker 1: of financial independence, that there have been a lot of

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Speaker 1: them in major media publications recently, and just to kind

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Speaker 1: of see the takes that some are kind of this

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Speaker 1: positive spin on the idea of financial independence, and especially

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Speaker 1: people that are younger achieving financial independence, and then to

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Speaker 1: see the other side where it's kind of mocked and

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Speaker 1: made fun of. And to me, it's no wonder that

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Speaker 1: people don't want to talk about money, that they don't

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Speaker 1: want to get honest about it, they don't want to

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Speaker 1: get real because on one hand, we're told that millennials

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Speaker 1: in particular are stupid with money, they don't know how

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Speaker 1: to invest, they're not thinking about the future, they want

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Speaker 1: to ran, they're not buying into the standard American dream.

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Speaker 1: So they're being mocked publicly by people that are older

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Speaker 1: than them. That who write the articles. And then on

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Speaker 1: the on the other hand, there's this young group of

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Speaker 1: people who are trying to get their financial game in order,

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Speaker 1: who want to change the narrative, who are handling their

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Speaker 1: finance as well, who are stocking away money for the

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Speaker 1: future in stocks, in real estate. There are people that

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Speaker 1: are trying to be prepared right, and then they get

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Speaker 1: mocked from the other side who says that that's ridiculous

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Speaker 1: to think that you can get your financial act in

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Speaker 1: order and be financial independent at an early age. And

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Speaker 1: so I think this narrative it stems from the stuff

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Speaker 1: that we read in major financial publications. So let's just

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Speaker 1: like you and I, let's let's say cut the crap

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Speaker 1: and and we're gonna say it's okay. It doesn't matter

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Speaker 1: what Yahoo Finance says or Seeing in Money or any

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Speaker 1: of those guys. You control the way you talk about

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Speaker 1: money in your life with the people that you care about,

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Speaker 1: with your friends and with your your family. And so

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Speaker 1: we're gonna give you kind of some practical tips in

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Speaker 1: this episode for how to open up those lines of communication,

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Speaker 1: for how kind of transition money away from being a

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Speaker 1: taboo subject in your house or where you live with

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Speaker 1: your spouse maybe even and try to kind of make

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Speaker 1: it a more approachable topic. So that's kind of our

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Speaker 1: goal here in this episode. I mean, I love that

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Speaker 1: you mentioned millennials as well, because millennials, of all the

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Speaker 1: generations that we're out there for a recent survey, they

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Speaker 1: are the most willing to talk about their finances with

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Speaker 1: their friends. But that being said, overall, seventy of Americans

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Speaker 1: still feel that it's rude to talk about their personal

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Speaker 1: finances in social situations, which, man, is just again just

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Speaker 1: bizarre that there's just so many things that we discuss

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Speaker 1: as friends or as family members, but money and just

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Speaker 1: how we relate to money and how what we spend

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Speaker 1: our money on and the amount that we're saving. These

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Speaker 1: are just topics that we that we tend to avoid.

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Speaker 1: And it seems like the super taboo subject of politics

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Speaker 1: or another super taboo subject of sex, like those are

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Speaker 1: subjects that we actually feel more comfortable broaching than the

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Speaker 1: topic of money. It seems like that that the topic

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Speaker 1: of money has almost more of a poll like on

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Speaker 1: our heart, and if someone asks you a question in

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Speaker 1: a social setting about politics or sex, you might feel

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Speaker 1: more comfortable answering a question about probably those subjects than

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Speaker 1: you even would about money, which I think it's fascinating,

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Speaker 1: which seems to be true to me just from kind

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Speaker 1: of the experiences I've had talking with people about money.

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Speaker 1: And then it also just seems odd, right that we

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Speaker 1: were so uncomfortable with that topic as a whole. And

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Speaker 1: I think what it comes down to, Matt, is that

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Speaker 1: most of us are just really really bad with money,

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Speaker 1: and that's why we feel so uncomfortable broaching the subject.

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Speaker 1: I mean, and I think it's a cultural thing as well.

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Speaker 1: I think a lot of times folks are raised to

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Speaker 1: not talk about money. It's not something they grew up

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Speaker 1: hearing their parents talk about, and because of that is

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Speaker 1: something that they translate into their own personal lives with

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Speaker 1: their own friends and with their own family. It's like etiquette, right.

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Speaker 1: You can blame that on the Emily post. She's like

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Speaker 1: the etiquette queen, I guess. And I had my silver

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Speaker 1: ware on the correct side at all times. Gotta use

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Speaker 1: that salad forward, dude, Yeah, Matt, And you and I

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Speaker 1: both also think that one of the benefits of getting

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Speaker 1: our friends and our family talking about money with us

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Speaker 1: and having those conversations, it seems to make it more

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Speaker 1: fun for everyone if we can actually start to have

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Speaker 1: that conversation, right, It might be awkward in the beginning,

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Speaker 1: but ultimately it leads to more fun because we're able

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Speaker 1: to talk about something that matters to us, that we

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Speaker 1: care about. Especially if you're listening to the show and

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Speaker 1: you've been learning a little bit more about personal finance,

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Speaker 1: you're you're kind of getting into it, and you're kind

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Speaker 1: of realizing that the more you learn about how you

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Speaker 1: handle money, how to save more of your money, and

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Speaker 1: then how to invest wisely, just kind of prioritizing, you know,

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Speaker 1: money going into the future, it kind of becomes like lonely,

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Speaker 1: and you you want to share it with the people

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Speaker 1: that you care about the most, and if you can't,

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Speaker 1: that sucks, right. You want to be able to share

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Speaker 1: the things that you care about the most. Yea. So

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Speaker 1: ultimately it's more fun to share the things that you

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Speaker 1: care about, you know, just like Matt and I share

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Speaker 1: a beer every week, it's it's fun to to share

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Speaker 1: the things that matter to you. What we're gonna say,

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Speaker 1: you're gonna share your your money with me as well.

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Speaker 1: Now because I'm I'm okay with that, I'll talk about

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Speaker 1: it with you. No sharing on that on that front. Yeah, man,

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Speaker 1: Well it's more fun, right, but it's awesome more effective,

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Speaker 1: Like how much more effective is it going to be

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Speaker 1: if you've got your group, your friend group, or you've

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Speaker 1: got your tribe and this is something that you're all

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Speaker 1: talking about, this is part of your conversation, as part

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Speaker 1: of the dialogue that you have with each other. And

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Speaker 1: the times where I found myself excelling the most in

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Speaker 1: whatever area of my life where they whether it be

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Speaker 1: working out or academics in college, when we're really trying

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Speaker 1: to do well, it was when I was working with

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Speaker 1: the group, when I had friends that we're doing it

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Speaker 1: with me when we're all striving towards the same goal.

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Speaker 1: And I think the same thing applies when it comes

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Speaker 1: to money and being smart with your money and investing

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Speaker 1: like all the things that we typically talk about on

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Speaker 1: the show. And for that reason alone, Man, get some

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Speaker 1: people around you, you have that accountability and yeah, like

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Speaker 1: you said, it's just way more fun. Yeah. I think really,

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Speaker 1: when it comes down to the people that you hang

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Speaker 1: out with the most, they rub off on you in

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Speaker 1: a major way. And so you are going to essentially

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Speaker 1: reflect the five people that you spend the most amount

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Speaker 1: of time with. And if those five people aren't talking

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Speaker 1: about money, well, I'm not saying get your friends right,

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Speaker 1: that's that you could find another friend that can. Maybe

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Speaker 1: I don't know, but at least try to work in

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Speaker 1: like a new friend who's really good at numbers, seeing

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Speaker 1: exactly exactly bring on that six friend. But another way

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Speaker 1: to tackle that problem is to start opening those lines

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Speaker 1: of communication so that you can bring those five friends

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Speaker 1: that you're really close to into some of those discussions

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Speaker 1: about money topics that matter to you. That makes me

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Speaker 1: think of Kevin Hart. Have you heard his Uh, there's

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Speaker 1: a stand up bit that he does. It's called stay

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Speaker 1: in Your Financial Lane, where he talks about hanging out

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Speaker 1: with professional athletes. Yes, I've seen it. It's super funny.

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Speaker 1: I'm not gonna at all try to imitate him, but

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Speaker 1: he talks everybody wishes that I wouldn't trust me, but

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Speaker 1: he talks about hanging with professional athletes who make tons

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Speaker 1: of money, and how when he hangs out with him,

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Speaker 1: it pressures him into making unwise financial decisions. And it's

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Speaker 1: hilarious and it's not safe for work. So listen on

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Speaker 1: your own time. But dude, it is so funny and

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Speaker 1: it's so true, right, Like that's the heart of any comedy,

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Speaker 1: Like a good comic, right is there's truth and and

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Speaker 1: and what he's saying, they're about that it's absolutely true.

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Speaker 1: We are way more influenced by our friends and they're

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Speaker 1: spending habits. And not only they're spending habits, but their

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Speaker 1: savings habits as well, and everything from what they do

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Speaker 1: spend to what they don't spend. Man, it is also important.

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Speaker 1: And so maybe yeah, look up, look up, Kevin Hart,

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Speaker 1: stay in your financial lane if you have an extra minute.

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Speaker 1: Ye mean, the thing that you said it is a

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Speaker 1: second ago about your five closest friends and sort of

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Speaker 1: mirroring their savings and spending habits. I think I've heard

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Speaker 1: something similar in regards to your net worth, where your

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Speaker 1: five closest friends. Essentially you're the average of your five

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Speaker 1: closest friends. And so essentially if you look at your

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Speaker 1: the net worth of your five closest friends or what

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Speaker 1: you're what they make, you should fall right in the average,

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Speaker 1: like right in the middle of all all five of those. Yeah, man,

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Speaker 1: I feel like, honestly, you and I are probably perfect

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Speaker 1: examples for how if we weren't friends, we would probably

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Speaker 1: both be pretty good with money. But the fact that

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Speaker 1: we are friends and we talk about it, I feel

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Speaker 1: like we just spur each other on, oh yeah, man,

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Speaker 1: towards being better, digging deeper, going harder, whatever it is,

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Speaker 1: like when it comes to investing and run properties, or

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Speaker 1: when it comes to investing a little bit more for

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Speaker 1: the future in our retirement accounts. I feel like our

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Speaker 1: discussions directly affect my bottom line when it when it

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Speaker 1: comes to how I handle money. And they're fun too write.

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Speaker 1: And so I think that's what's crucial to note here

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Speaker 1: is that it's not that you have to ditch your

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Speaker 1: friends and find new ones. It said, it's important to

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Speaker 1: have those conversations because because they're gonna be good for

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Speaker 1: your friendships. It's an important topic, right, it affects all

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Speaker 1: of us. And then also it's going to affect your

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Speaker 1: bottom line. You're gonna be better at your money when

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Speaker 1: you're able to talk about it openly with the people

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Speaker 1: that you're close to. That's right, man, And so let's

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Speaker 1: go ahead and take a quick break. But right after that,

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Speaker 1: we're gonna talk about some of the specific ways that

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Speaker 1: you are missing out by not talking about money. All right,

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Speaker 1: that we're back in your break and we're about to

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Speaker 1: get some specific ways that you're missing out if you're

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Speaker 1: not having these conversations about money. But first, let's talk

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Speaker 1: about some of the reasons why people aren't talking about

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Speaker 1: their money, because there are certain roadblocks in our way

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Speaker 1: and it's just important to be aware of them. And

430
00:19:07,400 --> 00:19:10,880
Speaker 1: some of those roadblocks are completely understandable to to why

431
00:19:10,920 --> 00:19:13,800
Speaker 1: we don't have these conversations to begin with, And so

432
00:19:13,840 --> 00:19:15,719
Speaker 1: we hinted at this one before the break. But one

433
00:19:15,760 --> 00:19:18,000
Speaker 1: of the reasons why people aren't talking about their money,

434
00:19:18,200 --> 00:19:22,360
Speaker 1: it stems from financial illiteracy. Learning about money is intimidating,

435
00:19:22,480 --> 00:19:25,359
Speaker 1: and a lot of times there's just no structural system.

436
00:19:25,480 --> 00:19:28,359
Speaker 1: There's nothing in place really to teach us. Only five

437
00:19:28,480 --> 00:19:31,840
Speaker 1: states in the US right now require formal education in

438
00:19:31,920 --> 00:19:34,639
Speaker 1: high school for personal finance man and in those five states,

439
00:19:34,640 --> 00:19:37,680
Speaker 1: like they only require a single semester of a class

440
00:19:37,720 --> 00:19:40,800
Speaker 1: that deals with personal finance, and that is so little. Yeah,

441
00:19:40,880 --> 00:19:43,959
Speaker 1: that's a huge bummer. I'm a huge proponent of personal

442
00:19:44,000 --> 00:19:47,040
Speaker 1: finance education happening in schools, and it's such a bummer

443
00:19:47,080 --> 00:19:50,200
Speaker 1: that it doesn't happen. Kids when you're sixteen, seventeen, eighteen,

444
00:19:50,280 --> 00:19:53,480
Speaker 1: it's those are such formative years to start learning about

445
00:19:53,560 --> 00:19:55,840
Speaker 1: finance and money and how that's going to impact you.

446
00:19:56,160 --> 00:19:58,640
Speaker 1: We learned a lot about macroeconomics, but when it comes

447
00:19:58,680 --> 00:20:02,400
Speaker 1: to the micro econo mix of your personal financial life,

448
00:20:02,640 --> 00:20:04,920
Speaker 1: I feel like we're completely missing the boat. So most

449
00:20:05,000 --> 00:20:07,919
Speaker 1: kids graduate high school not having any idea how to

450
00:20:08,000 --> 00:20:10,280
Speaker 1: open a credit card or what sort of impact that's

451
00:20:10,320 --> 00:20:11,959
Speaker 1: going to have on your life if you do. They

452
00:20:11,960 --> 00:20:15,040
Speaker 1: don't know how to open a bank account or balance

453
00:20:15,080 --> 00:20:18,280
Speaker 1: a checkbook. And I mean checkbooks are old school, right,

454
00:20:18,720 --> 00:20:20,280
Speaker 1: so that might not be a skill you're gonna need

455
00:20:20,280 --> 00:20:23,119
Speaker 1: for much longer. But I just wish that it was

456
00:20:23,160 --> 00:20:24,880
Speaker 1: more of a thing. And the great thing, I guess

457
00:20:24,960 --> 00:20:28,520
Speaker 1: is with the advent of technology, so much great learning

458
00:20:28,600 --> 00:20:32,080
Speaker 1: is happening online on phones, right, Like you've got all

459
00:20:32,119 --> 00:20:33,960
Speaker 1: the apps and all that's just right there at your fingertips.

460
00:20:34,000 --> 00:20:36,840
Speaker 1: Kind of gamifies it a little bit, makes it fun. Yeah.

461
00:20:37,119 --> 00:20:39,720
Speaker 1: The the tough thing is is helping the younger generation

462
00:20:39,800 --> 00:20:41,919
Speaker 1: figure out where they need to go in order to

463
00:20:41,960 --> 00:20:44,439
Speaker 1: get that education. So it's out there, But then how

464
00:20:44,440 --> 00:20:47,400
Speaker 1: do we reach young kids with that information that they

465
00:20:47,400 --> 00:20:49,760
Speaker 1: so sorely need, but hopefully in a way that that's

466
00:20:49,760 --> 00:20:52,000
Speaker 1: package that they can relate to. But yeah, it's a

467
00:20:52,080 --> 00:20:55,520
Speaker 1: huge problem that kids are graduating with really no basic

468
00:20:55,640 --> 00:20:58,119
Speaker 1: level of understanding when it comes to personal finances. And

469
00:20:58,160 --> 00:21:01,040
Speaker 1: I agree, when you're completely read a something, you don't

470
00:21:01,040 --> 00:21:02,560
Speaker 1: want to talk about it. If you don't know how

471
00:21:02,600 --> 00:21:06,160
Speaker 1: to read, you're not going to talk about books. Just

472
00:21:06,160 --> 00:21:08,320
Speaker 1: this common sense, right, And if you don't know how

473
00:21:08,400 --> 00:21:10,800
Speaker 1: to do anything about money, if you don't know how

474
00:21:10,840 --> 00:21:13,840
Speaker 1: to money, right, you're just not going to talk about it. Yeah,

475
00:21:13,880 --> 00:21:16,080
Speaker 1: and so on the note, how did you as as

476
00:21:16,160 --> 00:21:18,480
Speaker 1: young Joel, how did how did you learn a lot

477
00:21:18,480 --> 00:21:20,760
Speaker 1: about personal finance and and how to make the right

478
00:21:20,760 --> 00:21:23,920
Speaker 1: decisions once it came to spending and saving your own money?

479
00:21:24,280 --> 00:21:27,000
Speaker 1: That question is super personal and you know what, I

480
00:21:27,040 --> 00:21:29,080
Speaker 1: love that we're able to talk about that all the

481
00:21:29,920 --> 00:21:32,760
Speaker 1: because that's what we're into and so, you know, just

482
00:21:32,760 --> 00:21:35,639
Speaker 1: to be honest with everyone out there. Uh, my parents

483
00:21:35,920 --> 00:21:40,080
Speaker 1: weren't great with money growing up. They are lovely people, truly,

484
00:21:40,560 --> 00:21:43,080
Speaker 1: my heroes. Like, if there were two people you said

485
00:21:43,119 --> 00:21:44,520
Speaker 1: you can be like any two people in the world,

486
00:21:44,560 --> 00:21:45,639
Speaker 1: who do you want to be like? I'd say my

487
00:21:45,680 --> 00:21:48,200
Speaker 1: mom and dad like for real, but they weren't great

488
00:21:48,240 --> 00:21:50,600
Speaker 1: with money, and they didn't talk about money very well

489
00:21:50,640 --> 00:21:52,920
Speaker 1: with me, And so I feel like more than anything,

490
00:21:53,359 --> 00:21:57,120
Speaker 1: I learned from them not handling it incredibly well. That's

491
00:21:57,320 --> 00:21:59,480
Speaker 1: not probably the best way that you want to learn

492
00:21:59,480 --> 00:22:01,920
Speaker 1: about money. But then again, I didn't necessarily have to

493
00:22:02,000 --> 00:22:03,960
Speaker 1: learn from a lot of bad beats on my own,

494
00:22:04,160 --> 00:22:06,200
Speaker 1: so I definitely learned from that. But they also did

495
00:22:06,680 --> 00:22:09,520
Speaker 1: really helped me along when I was young, encouraged me

496
00:22:09,600 --> 00:22:11,800
Speaker 1: to to get a job when I was younger, and

497
00:22:12,080 --> 00:22:14,919
Speaker 1: that like sort of entrepreneurial bent that I have definitely

498
00:22:15,000 --> 00:22:17,920
Speaker 1: came from my parents helping me and encouraging me when

499
00:22:17,920 --> 00:22:20,239
Speaker 1: I wanted to get out there in the workforce. When

500
00:22:20,280 --> 00:22:22,160
Speaker 1: I wanted to start mowing lawns when I was eleven,

501
00:22:22,359 --> 00:22:24,399
Speaker 1: you know, my dad was there every Saturday helping me

502
00:22:24,400 --> 00:22:26,880
Speaker 1: mobile lawns, helping me get the customers and keep them

503
00:22:26,880 --> 00:22:28,879
Speaker 1: happy and stuff like that. So there was kind of

504
00:22:28,880 --> 00:22:31,159
Speaker 1: both sides. And then as I grew up landing a

505
00:22:31,240 --> 00:22:34,080
Speaker 1: job in financial media that helped a lot. I was

506
00:22:34,119 --> 00:22:36,200
Speaker 1: immersed in it every day. I was reading every day,

507
00:22:36,240 --> 00:22:39,040
Speaker 1: and then that was my job, but it became my curiosity.

508
00:22:39,040 --> 00:22:41,960
Speaker 1: On the side, I was listening to podcasts and watching

509
00:22:41,960 --> 00:22:45,160
Speaker 1: YouTube videos and just immersing myself in the subject because

510
00:22:45,160 --> 00:22:48,280
Speaker 1: it was just fascinating to me. I loved it. So yeah,

511
00:22:48,320 --> 00:22:50,040
Speaker 1: I mean, I feel like it's been something that's been

512
00:22:50,080 --> 00:22:52,439
Speaker 1: a passion of mine for as long as I can

513
00:22:52,440 --> 00:22:54,159
Speaker 1: remember at this point. But what about you, Well, you

514
00:22:54,119 --> 00:22:55,720
Speaker 1: want to hear a funny story because you're talking about

515
00:22:55,720 --> 00:22:57,320
Speaker 1: your parents, and it made me think of I learned

516
00:22:57,320 --> 00:22:59,040
Speaker 1: a lot from my parents, learned a lot from my dad.

517
00:22:59,080 --> 00:23:00,959
Speaker 1: I left him, you know, I didn't learn about from

518
00:23:00,960 --> 00:23:03,960
Speaker 1: my dad. We're c d s, which sounds funny to say.

519
00:23:04,119 --> 00:23:05,680
Speaker 1: I remember writing around with him. He had when when

520
00:23:05,680 --> 00:23:07,920
Speaker 1: when you say CDs are you talking Compact discs? Are

521
00:23:07,920 --> 00:23:10,000
Speaker 1: you talking? Well, that's the that's the heart of the

522
00:23:10,040 --> 00:23:12,879
Speaker 1: story because as a kid, I remember riding around with

523
00:23:12,960 --> 00:23:16,680
Speaker 1: him and he had this sweet Z twenty eight Camaro

524
00:23:16,920 --> 00:23:18,960
Speaker 1: and we would you would get it all shiny on

525
00:23:19,000 --> 00:23:21,040
Speaker 1: Saturdays and we'd kind of ride around in it sometimes

526
00:23:21,080 --> 00:23:23,960
Speaker 1: on Saturday afternoon. Your dad so cool. He had a

527
00:23:24,000 --> 00:23:26,880
Speaker 1: sweet car. It was loud, I remember that. But yeah,

528
00:23:26,880 --> 00:23:29,720
Speaker 1: we would drive around and we would listen to music.

529
00:23:29,840 --> 00:23:31,800
Speaker 1: We listened to you know he had CDs. That was

530
00:23:32,160 --> 00:23:34,280
Speaker 1: the era of the compact disc and during one of

531
00:23:34,280 --> 00:23:37,080
Speaker 1: those rides, I remember him specifically teaching me and trying

532
00:23:37,080 --> 00:23:39,000
Speaker 1: to tell me, you know, like a life lesson story

533
00:23:39,000 --> 00:23:41,960
Speaker 1: and talking about investing, and he specifically brought up CDs

534
00:23:41,960 --> 00:23:44,199
Speaker 1: and how maybe I should consider investing in those. But

535
00:23:44,280 --> 00:23:45,680
Speaker 1: the problem is is I didn't know what the heck

536
00:23:45,720 --> 00:23:48,840
Speaker 1: he was talking about, and I was too dumb, I guess,

537
00:23:50,000 --> 00:23:51,760
Speaker 1: to ask, And so I was just like, I don't

538
00:23:51,760 --> 00:23:54,600
Speaker 1: want to invest in compact discs. I'm pretty young, but

539
00:23:54,640 --> 00:23:57,360
Speaker 1: I think that's a pretty bad investment. I'm pretty sure

540
00:23:57,400 --> 00:24:00,240
Speaker 1: they dropped precipitously in value right as I as I

541
00:24:00,240 --> 00:24:02,080
Speaker 1: take the plastic wrap off. Yeah, I mean I would

542
00:24:02,080 --> 00:24:03,919
Speaker 1: go to CD warehouse and you know, I get my

543
00:24:04,000 --> 00:24:06,199
Speaker 1: music there and stuff like that, but actually invest in

544
00:24:06,280 --> 00:24:09,000
Speaker 1: c d s. I remember thinking, I don't know how

545
00:24:09,119 --> 00:24:11,639
Speaker 1: I'm supposed to invest in c ds. But even if

546
00:24:11,680 --> 00:24:12,680
Speaker 1: I did want to do that, I don't. I just

547
00:24:12,720 --> 00:24:14,359
Speaker 1: don't know. How do I just buy the disk and

548
00:24:14,400 --> 00:24:15,680
Speaker 1: not listen to it and I put it on the

549
00:24:15,720 --> 00:24:18,440
Speaker 1: shelf like baseball cards. I just don't know. So I

550
00:24:18,440 --> 00:24:20,480
Speaker 1: guess that's a good note for parents. When you're explaining

551
00:24:20,720 --> 00:24:23,040
Speaker 1: financial terms to your kids, make sure you explain in

552
00:24:23,240 --> 00:24:25,560
Speaker 1: terminology they can understand. Yeah, I think he did, but

553
00:24:25,960 --> 00:24:27,560
Speaker 1: I was just like not the window, probably not not

554
00:24:27,600 --> 00:24:31,679
Speaker 1: paying attention. So that sounds like yeah. So another reason

555
00:24:31,760 --> 00:24:34,040
Speaker 1: that people aren't talking about their money, Matt, is it's

556
00:24:34,080 --> 00:24:36,520
Speaker 1: just not entertaining or fun to talk about money for

557
00:24:36,560 --> 00:24:38,280
Speaker 1: most people, like you. I think you and I are

558
00:24:38,400 --> 00:24:41,000
Speaker 1: outliers on that that we think it's fun. Budgets seem

559
00:24:41,040 --> 00:24:42,320
Speaker 1: boring or out of place, or it feels like a

560
00:24:42,400 --> 00:24:44,760
Speaker 1: forced conversation. Just money stuff in general, and right, it's

561
00:24:44,800 --> 00:24:46,960
Speaker 1: this invisible thing that you kind of get to see

562
00:24:46,960 --> 00:24:48,600
Speaker 1: what you can do with your money, but it's not

563
00:24:48,680 --> 00:24:51,440
Speaker 1: something that's attractive or fun to be around, like accountants

564
00:24:51,840 --> 00:24:55,000
Speaker 1: like those those guys aren't fun, right, that's what I hear.

565
00:24:55,160 --> 00:24:57,119
Speaker 1: Like I think of the oscars, like the award shows,

566
00:24:57,119 --> 00:24:59,640
Speaker 1: and they always have that that point when the accountants,

567
00:25:00,119 --> 00:25:01,520
Speaker 1: the c p A is whatever, they walk out and

568
00:25:01,520 --> 00:25:03,639
Speaker 1: they've got the briefcases with the votes. That's the most

569
00:25:03,680 --> 00:25:05,359
Speaker 1: boring part of the show because they just stand there

570
00:25:05,400 --> 00:25:08,080
Speaker 1: and they talk about how they've made sure that they

571
00:25:08,080 --> 00:25:09,639
Speaker 1: did it right. It's like, all right, that's cool, and

572
00:25:09,680 --> 00:25:11,600
Speaker 1: then Steve Harvey bungles it all up and one else.

573
00:25:12,880 --> 00:25:14,679
Speaker 1: But yeah, we think there's ways around that too. But

574
00:25:14,760 --> 00:25:16,960
Speaker 1: that's definitely a reason why people don't talk about their money.

575
00:25:17,000 --> 00:25:19,040
Speaker 1: And another reason is you might be afraid that your

576
00:25:19,040 --> 00:25:21,720
Speaker 1: friends aren't going to reciprocate that you do open the

577
00:25:21,720 --> 00:25:24,679
Speaker 1: lines of communication and your friends think it's ridiculous and

578
00:25:24,680 --> 00:25:27,120
Speaker 1: they shut you down immediately and they change the subject

579
00:25:27,119 --> 00:25:29,280
Speaker 1: to like Kendall Jenner's Instagram page, I don't know, I

580
00:25:29,280 --> 00:25:31,720
Speaker 1: don't what everyone whatever, what does everyone else talk about?

581
00:25:32,040 --> 00:25:34,480
Speaker 1: Hopefully not that right? But it takes me in vulnerable

582
00:25:34,600 --> 00:25:36,040
Speaker 1: And that's what stuff about that is you have to

583
00:25:36,040 --> 00:25:37,960
Speaker 1: be vulnerable. You kind of have to put yourself out there,

584
00:25:38,640 --> 00:25:41,560
Speaker 1: and not everyone is necessarily willing to do that. It

585
00:25:41,560 --> 00:25:43,720
Speaker 1: takes putting yourself in a place of weakness a little bit,

586
00:25:44,000 --> 00:25:46,159
Speaker 1: where like you said, someone might you might even get

587
00:25:46,200 --> 00:25:48,560
Speaker 1: made fun of a little bit, or they might freak

588
00:25:48,600 --> 00:25:50,200
Speaker 1: out and say why, like why are you trying to

589
00:25:50,240 --> 00:25:52,560
Speaker 1: get up in my business? Man? This isn't something I

590
00:25:52,640 --> 00:25:54,960
Speaker 1: ever talked about with anybody. I don't even talk about

591
00:25:54,960 --> 00:25:56,399
Speaker 1: this with my girlfriend or my wife, Like I'm not

592
00:25:56,400 --> 00:25:58,720
Speaker 1: going to talk to you about it. But again we're

593
00:25:58,720 --> 00:26:00,480
Speaker 1: here to say that these are converse stations that you

594
00:26:00,480 --> 00:26:03,320
Speaker 1: should have, certainly with a significant other, but also too

595
00:26:03,359 --> 00:26:05,760
Speaker 1: with friends, because certainly there's just so many benefits and

596
00:26:06,000 --> 00:26:08,800
Speaker 1: by not doing that, you're certainly missing out. Yeah, and

597
00:26:08,800 --> 00:26:11,280
Speaker 1: I want to say to Matt that not doing this

598
00:26:11,600 --> 00:26:13,600
Speaker 1: can be harmful to all of us as a whole.

599
00:26:13,720 --> 00:26:16,520
Speaker 1: The more money is shrouded in secrecy and it's not

600
00:26:16,560 --> 00:26:18,439
Speaker 1: a topic that we feel like we can discuss openly,

601
00:26:18,840 --> 00:26:21,440
Speaker 1: the more our friends and our family and the people

602
00:26:21,480 --> 00:26:23,480
Speaker 1: we care about are going to get ripped off by

603
00:26:23,600 --> 00:26:26,920
Speaker 1: scams that are floating around, or are going to run

604
00:26:26,960 --> 00:26:30,560
Speaker 1: to a financial advisor and spend way too much of

605
00:26:30,600 --> 00:26:33,400
Speaker 1: the money they don't have in order to get started

606
00:26:33,440 --> 00:26:35,960
Speaker 1: investing right, And the more that we can talk about

607
00:26:35,960 --> 00:26:38,760
Speaker 1: it and talk about how easy money is, right, how

608
00:26:38,760 --> 00:26:40,600
Speaker 1: it's so much easier than you thought it was. You know,

609
00:26:40,640 --> 00:26:43,120
Speaker 1: we talked about that early on in our retirement. Investing

610
00:26:43,240 --> 00:26:45,520
Speaker 1: is simpler than you think. Episode. The more that the

611
00:26:45,600 --> 00:26:48,199
Speaker 1: topic of money is shrouded in secrecy, the more our

612
00:26:48,240 --> 00:26:50,840
Speaker 1: friends and family are going to get hurt by overpaying,

613
00:26:51,080 --> 00:26:54,320
Speaker 1: by overspending, by not thinking about these things well, and

614
00:26:54,359 --> 00:26:56,400
Speaker 1: I think you know, if you're listening to this episode,

615
00:26:56,440 --> 00:26:59,240
Speaker 1: it's our job numero uno. Right, it starts with us, like,

616
00:26:59,320 --> 00:27:02,720
Speaker 1: let's start that conversation because if not, we're doing a

617
00:27:02,800 --> 00:27:04,680
Speaker 1: disservice to the people that we care about the most.

618
00:27:04,680 --> 00:27:06,840
Speaker 1: I think that's right, man. And just in case you

619
00:27:06,840 --> 00:27:09,040
Speaker 1: didn't think that this was a big deal, right, we're

620
00:27:09,040 --> 00:27:11,760
Speaker 1: gonna cover now some specific ways that you are missing

621
00:27:11,800 --> 00:27:15,160
Speaker 1: out if you're not talking about money. So, first off,

622
00:27:15,359 --> 00:27:18,439
Speaker 1: you could be missing out individually. And so we strive

623
00:27:18,520 --> 00:27:21,600
Speaker 1: to be money smart, you know, for our futures financial security,

624
00:27:21,640 --> 00:27:23,640
Speaker 1: Like that's something that we are working towards. We want

625
00:27:23,640 --> 00:27:25,720
Speaker 1: to have options with our life. Does that mean that

626
00:27:25,760 --> 00:27:27,919
Speaker 1: we want to retire and not do anything once we

627
00:27:28,000 --> 00:27:30,400
Speaker 1: hit a certain age, No, but we want to have options.

628
00:27:30,600 --> 00:27:33,560
Speaker 1: And so for you as an individual, if you aren't

629
00:27:33,680 --> 00:27:36,840
Speaker 1: talking about money, you're not growing and you're not learning yourself,

630
00:27:36,880 --> 00:27:38,960
Speaker 1: and that's that's definitely gonna have an impact on you.

631
00:27:39,200 --> 00:27:40,679
Speaker 1: And it kind of sounds weird to say, maybe, but

632
00:27:40,760 --> 00:27:42,920
Speaker 1: your net worth, this is you and the amount of

633
00:27:42,960 --> 00:27:45,960
Speaker 1: money that you're able to set aside for the long term. Yeah, Matt,

634
00:27:45,960 --> 00:27:48,000
Speaker 1: and I feel like you and I have both benefited

635
00:27:48,000 --> 00:27:50,879
Speaker 1: as individuals from our money conversations and our money conversations

636
00:27:50,880 --> 00:27:53,320
Speaker 1: with our other friends. And so as a friend, you're

637
00:27:53,359 --> 00:27:55,080
Speaker 1: also going to be missing out if you're not talking

638
00:27:55,080 --> 00:27:57,280
Speaker 1: about money. So if you're not great with money, you

639
00:27:57,359 --> 00:27:59,600
Speaker 1: might have a friend who is a genius when it

640
00:27:59,640 --> 00:28:02,119
Speaker 1: comes to their personal finances who could help you along.

641
00:28:02,440 --> 00:28:04,720
Speaker 1: Or vice versa. You might have a struggling friend and

642
00:28:04,800 --> 00:28:07,480
Speaker 1: you could be that friend to them, and that deeper

643
00:28:07,480 --> 00:28:10,120
Speaker 1: friendship from learning an entirely new side of each other,

644
00:28:10,359 --> 00:28:14,680
Speaker 1: asking questions, having that conversation about money that can really

645
00:28:14,680 --> 00:28:16,760
Speaker 1: deep in a relationship. Uh, if you're able to help

646
00:28:16,800 --> 00:28:19,400
Speaker 1: each other in that way. Yeah, we talk about everything

647
00:28:19,480 --> 00:28:21,840
Speaker 1: with our friends, just about right, why don't we talk

648
00:28:21,840 --> 00:28:24,280
Speaker 1: about money? We know, we ask our friends where should

649
00:28:24,280 --> 00:28:26,600
Speaker 1: I go for to take my wife out on a date,

650
00:28:26,800 --> 00:28:28,720
Speaker 1: Like whereas a new great beer that I can find?

651
00:28:29,320 --> 00:28:30,879
Speaker 1: We talk about all sorts of things with our with

652
00:28:30,880 --> 00:28:33,120
Speaker 1: our friends, but we don't talk about money. And that's

653
00:28:33,160 --> 00:28:34,960
Speaker 1: something that we can change right now. Yeah, Matt and

654
00:28:35,000 --> 00:28:37,840
Speaker 1: we talked about how access to information when it comes

655
00:28:37,840 --> 00:28:41,760
Speaker 1: to money is ubiquitous now right there blogs, their YouTube channels,

656
00:28:41,880 --> 00:28:44,400
Speaker 1: there's some great resources out there for you. But there's

657
00:28:44,560 --> 00:28:47,280
Speaker 1: nothing that beats, in my opinion, that face to face

658
00:28:47,640 --> 00:28:50,080
Speaker 1: conversation with a friend or around the table with a

659
00:28:50,080 --> 00:28:53,120
Speaker 1: few friends. That sort of knowledge that you can get

660
00:28:53,240 --> 00:28:56,520
Speaker 1: from hearing someone's personal experience or hearing what someone's learned

661
00:28:56,560 --> 00:28:59,040
Speaker 1: along the way and how they've changed and been able

662
00:28:59,080 --> 00:29:01,640
Speaker 1: to get their financial act together. Those sorts of actual

663
00:29:01,680 --> 00:29:04,600
Speaker 1: conversations with people that you live and do life with.

664
00:29:04,920 --> 00:29:06,560
Speaker 1: Those are the kind of conversations that are going to

665
00:29:06,640 --> 00:29:09,280
Speaker 1: help change you and spur you on way more than

666
00:29:09,440 --> 00:29:11,680
Speaker 1: just a block article you write on the internet. All

667
00:29:12,080 --> 00:29:15,120
Speaker 1: we talked about how you could be missing out in individually,

668
00:29:15,480 --> 00:29:17,360
Speaker 1: how you could be missing out as a friend, and

669
00:29:17,400 --> 00:29:19,360
Speaker 1: now you could be missing out as a consumer, which

670
00:29:19,480 --> 00:29:21,560
Speaker 1: sounds weird to say, right, a consumer, because that's you

671
00:29:21,640 --> 00:29:23,960
Speaker 1: spending money. But if you're not willing to ask what

672
00:29:24,000 --> 00:29:26,760
Speaker 1: the deals are out there or negotiate, say a lower

673
00:29:26,840 --> 00:29:30,200
Speaker 1: rate or subscription, you're gonna end up spending way more

674
00:29:30,280 --> 00:29:32,200
Speaker 1: every single month, right because a lot of times these

675
00:29:32,200 --> 00:29:35,120
Speaker 1: are recurring bills, and so you're getting twenty dollars less

676
00:29:35,120 --> 00:29:38,239
Speaker 1: on your bill one month translates into twelve months, right,

677
00:29:38,280 --> 00:29:40,600
Speaker 1: and then you multiply that times, however many bills that

678
00:29:40,640 --> 00:29:43,720
Speaker 1: you have. Granted, this isn't you specifically talking about money

679
00:29:43,840 --> 00:29:46,160
Speaker 1: with friends, But what we're saying is that by talking

680
00:29:46,200 --> 00:29:48,640
Speaker 1: about money more often with your friends, and if it's

681
00:29:48,640 --> 00:29:51,680
Speaker 1: a part of your sort of daily conversation, it is

682
00:29:51,720 --> 00:29:54,040
Speaker 1: not going to seem odd, right, or it's not gonna

683
00:29:54,080 --> 00:29:56,240
Speaker 1: seem foreign for you to talk about money with a

684
00:29:56,240 --> 00:29:59,040
Speaker 1: customer service representative or someone that's trying to sell you something.

685
00:29:59,240 --> 00:30:01,200
Speaker 1: This is a conversation that you can just strike up

686
00:30:01,200 --> 00:30:03,360
Speaker 1: because you're used to having it, and because of that,

687
00:30:03,440 --> 00:30:05,720
Speaker 1: as a consumer, you're going to get a better deal. Yeah,

688
00:30:05,760 --> 00:30:07,360
Speaker 1: and you might find out that your smart friends Sarah

689
00:30:07,400 --> 00:30:09,040
Speaker 1: stop shopping at Whole Foods and went to all the

690
00:30:09,960 --> 00:30:12,000
Speaker 1: saving like a hundred fifty bucks a month on groceries.

691
00:30:12,200 --> 00:30:15,120
Speaker 1: They're just all sorts of life hack conversations that you

692
00:30:15,120 --> 00:30:17,120
Speaker 1: can have when it comes to kind of how we consume.

693
00:30:17,480 --> 00:30:19,880
Speaker 1: And I love those conversations about, you know, ways to

694
00:30:19,880 --> 00:30:23,120
Speaker 1: save a buck because that those are the easiest conversations

695
00:30:23,120 --> 00:30:25,040
Speaker 1: probably to strike up, right, Like, hey, how did you

696
00:30:25,120 --> 00:30:29,680
Speaker 1: negotiate that internet bill with Comcast? Or or I heard

697
00:30:29,720 --> 00:30:32,040
Speaker 1: you don't have cable anymore? What do you watch instead

698
00:30:32,160 --> 00:30:34,000
Speaker 1: how do you get your content? But those sorts of

699
00:30:34,120 --> 00:30:37,000
Speaker 1: questions are the kind of softball money questions that you

700
00:30:37,000 --> 00:30:40,240
Speaker 1: can have, and they kind of fall around consumption and

701
00:30:40,280 --> 00:30:42,120
Speaker 1: people like to talk about that a little bit more

702
00:30:42,160 --> 00:30:46,480
Speaker 1: than they like to talk about investing. Yeah, all those topics. Yeah,

703
00:30:46,520 --> 00:30:48,400
Speaker 1: another way you might be missing out if you're not

704
00:30:48,400 --> 00:30:51,080
Speaker 1: talking about money is as an employee, you might be

705
00:30:51,120 --> 00:30:53,880
Speaker 1: getting paid less because you're not willing to broach the

706
00:30:53,920 --> 00:30:57,160
Speaker 1: subject of money. Someone at the same job as you

707
00:30:57,200 --> 00:30:59,600
Speaker 1: could be getting paid more than you. And so the

708
00:30:59,600 --> 00:31:02,960
Speaker 1: fact that we're not talking about salary, and especially for women,

709
00:31:02,960 --> 00:31:05,680
Speaker 1: to study found out that forty of women across all

710
00:31:05,760 --> 00:31:08,880
Speaker 1: industries believe that their gender is holding them back from

711
00:31:08,880 --> 00:31:11,720
Speaker 1: getting paid the amount that they deserve. So, I know

712
00:31:11,840 --> 00:31:14,040
Speaker 1: it can be really awkward to talk about money in

713
00:31:14,080 --> 00:31:16,680
Speaker 1: the workplace, and that's why most people avoid it. But

714
00:31:17,240 --> 00:31:19,040
Speaker 1: we avoid it to our detriment. I think there are

715
00:31:19,040 --> 00:31:21,520
Speaker 1: smart ways that we can approach the subject of you know,

716
00:31:21,560 --> 00:31:24,520
Speaker 1: what our pay is in the workplace without completely rocking

717
00:31:24,520 --> 00:31:26,640
Speaker 1: the boat. You mean, like sending a company wide email

718
00:31:26,680 --> 00:31:31,959
Speaker 1: and asking what everybody makes LinkedIn alert. Yeah, No, definitely

719
00:31:31,960 --> 00:31:33,800
Speaker 1: not that. But you know, there's a website glass door

720
00:31:33,880 --> 00:31:35,880
Speaker 1: dot com, and that's a great website for kind of

721
00:31:35,920 --> 00:31:38,080
Speaker 1: checking salaries in your industry to make sure that your

722
00:31:38,400 --> 00:31:41,200
Speaker 1: pay is commensurate. And there are a couple other quick

723
00:31:41,240 --> 00:31:43,280
Speaker 1: tips that we can throw out there, and one is

724
00:31:43,320 --> 00:31:46,760
Speaker 1: to talk to someone who's an actual friend where you work. Right,

725
00:31:46,840 --> 00:31:48,640
Speaker 1: it's kind of awkward to ask the person that works

726
00:31:48,640 --> 00:31:50,360
Speaker 1: next to you how much they get paid. But if

727
00:31:50,400 --> 00:31:52,920
Speaker 1: there's someone that you work with that you've become really

728
00:31:52,960 --> 00:31:54,880
Speaker 1: close to through the years and you view them more

729
00:31:54,920 --> 00:31:57,520
Speaker 1: as a friend than just a coworker, talking to them

730
00:31:57,680 --> 00:32:00,760
Speaker 1: about pay is helpful. And in for picul are talking

731
00:32:00,760 --> 00:32:02,880
Speaker 1: to people that are in the same industry as you

732
00:32:03,120 --> 00:32:06,080
Speaker 1: but work for other employers. That's a really good way

733
00:32:06,120 --> 00:32:08,960
Speaker 1: to kind of broach the conversation about money and pay.

734
00:32:09,000 --> 00:32:11,800
Speaker 1: And it could also drastically affect how much you get

735
00:32:11,800 --> 00:32:14,320
Speaker 1: paid every two weeks, just by you know, asking those

736
00:32:14,400 --> 00:32:17,560
Speaker 1: questions and opening the lines of communication a little bit.

737
00:32:17,920 --> 00:32:19,840
Speaker 1: And lastly, you could be missing out as a parent,

738
00:32:20,320 --> 00:32:22,920
Speaker 1: so by not teaching your kids about money, you could

739
00:32:22,920 --> 00:32:26,120
Speaker 1: be perpetuating the cycle of poor spending and poor saving.

740
00:32:26,720 --> 00:32:29,640
Speaker 1: I think it's worth noting the impact that parents have

741
00:32:29,840 --> 00:32:32,280
Speaker 1: on their children when it comes to money, what you're

742
00:32:32,320 --> 00:32:34,640
Speaker 1: able to teach and not only teach, but demonstrate to

743
00:32:34,680 --> 00:32:36,800
Speaker 1: your your children can have a huge impact. And don't

744
00:32:36,880 --> 00:32:40,160
Speaker 1: underestimate that at all. Yeah, Matt and his parents, we

745
00:32:40,520 --> 00:32:43,440
Speaker 1: lead by what we do, by our example, right, And

746
00:32:43,440 --> 00:32:44,959
Speaker 1: I think a lot of times parents think, as long

747
00:32:45,000 --> 00:32:47,480
Speaker 1: as I'm not screwing my kids up by telling them

748
00:32:47,520 --> 00:32:50,400
Speaker 1: all the terrible ways that I've handled money, then they'll

749
00:32:50,400 --> 00:32:53,040
Speaker 1: be okay. But our kids are learning from the fact

750
00:32:53,120 --> 00:32:55,640
Speaker 1: that we're not talking about it. They're learning something very

751
00:32:55,680 --> 00:32:59,080
Speaker 1: specific when we refuse to open the lines of communication

752
00:32:59,400 --> 00:33:01,120
Speaker 1: and we refuse used to talk to them and include

753
00:33:01,160 --> 00:33:03,959
Speaker 1: them in money decisions and teach them about money and

754
00:33:04,240 --> 00:33:06,920
Speaker 1: possibly even open up about some of our money failures. Right,

755
00:33:06,960 --> 00:33:09,800
Speaker 1: our kids learn from those things, and they learn something

756
00:33:10,080 --> 00:33:13,360
Speaker 1: dramatically different if we cut off those lines of communication

757
00:33:13,480 --> 00:33:16,480
Speaker 1: about that subject altogether. Yeah, we just talked about they're

758
00:33:16,480 --> 00:33:18,320
Speaker 1: not being sort of formal structure is set up in

759
00:33:18,360 --> 00:33:21,480
Speaker 1: place in schools when it comes to a formal financial

760
00:33:21,560 --> 00:33:24,200
Speaker 1: education for kids. But as parents, you are the first

761
00:33:24,240 --> 00:33:26,880
Speaker 1: line of defense. You are the first sort of input

762
00:33:26,920 --> 00:33:29,800
Speaker 1: that you have into your children and their view towards

763
00:33:29,840 --> 00:33:32,840
Speaker 1: money saving and spending. Yeah, so, Matt, let's get to

764
00:33:32,960 --> 00:33:36,240
Speaker 1: the practical tips, the actual steps you can take how

765
00:33:36,320 --> 00:33:38,400
Speaker 1: to begin talking about money with your family and friends.

766
00:33:38,440 --> 00:33:48,840
Speaker 1: And we'll hit those up right after the break. All right, Joe,

767
00:33:48,920 --> 00:33:51,200
Speaker 1: let's go ahead and now talk about steps you can

768
00:33:51,240 --> 00:33:53,440
Speaker 1: take ways that you can talk about money with your

769
00:33:53,440 --> 00:33:56,400
Speaker 1: friends and family. Now is the practical rubber meets the road.

770
00:33:56,680 --> 00:33:58,920
Speaker 1: Let's make this happen. Speaking of rubber meets the road,

771
00:33:59,080 --> 00:34:01,720
Speaker 1: let's take it back to my dad. It's Camaro. I

772
00:34:01,760 --> 00:34:04,800
Speaker 1: could have been more direct with them, like, Dad, what

773
00:34:04,840 --> 00:34:06,840
Speaker 1: the heck are you talking about? Yeah? I could have

774
00:34:06,880 --> 00:34:09,480
Speaker 1: just simply asked the question what is a CD? Instead,

775
00:34:09,560 --> 00:34:11,400
Speaker 1: I was maybe too embarrassed or feel like maybe I

776
00:34:11,400 --> 00:34:13,880
Speaker 1: should have known already what a CD was. Granted this

777
00:34:13,920 --> 00:34:15,960
Speaker 1: is in the nineties. I was a little kid, but

778
00:34:16,280 --> 00:34:18,600
Speaker 1: simply asking the question, Right, if there's something that you

779
00:34:18,600 --> 00:34:21,480
Speaker 1: don't know or don't understand, be directs and just don't

780
00:34:21,520 --> 00:34:23,600
Speaker 1: beat around the bush. I think with close friends or

781
00:34:23,640 --> 00:34:26,080
Speaker 1: with family, you might be surprised at how much sort

782
00:34:26,080 --> 00:34:28,799
Speaker 1: of time and sort of heartache that that would save you. Yeah,

783
00:34:28,840 --> 00:34:30,960
Speaker 1: I can save you a lot of time and trouble.

784
00:34:31,280 --> 00:34:33,600
Speaker 1: A matter. I think most of us are too embarrassed

785
00:34:33,640 --> 00:34:36,799
Speaker 1: to ask the question to follow up on something that

786
00:34:36,840 --> 00:34:38,720
Speaker 1: we don't know. I mean, I know that's me at times.

787
00:34:38,800 --> 00:34:41,000
Speaker 1: Oh yeah, dude, that was totally me right as a kid,

788
00:34:41,239 --> 00:34:44,640
Speaker 1: I was so embarrassed of everything. Yeah in school, your

789
00:34:44,640 --> 00:34:48,560
Speaker 1: teachers remember those years, right? Yeah? Completely So, Yeah, in school,

790
00:34:48,840 --> 00:34:51,360
Speaker 1: teacher teaching something and I don't have the guts to

791
00:34:51,440 --> 00:34:53,640
Speaker 1: raise my hand and ask the question because I feel

792
00:34:53,680 --> 00:34:55,600
Speaker 1: like I'm supposed to know that. But you know what,

793
00:34:55,680 --> 00:34:58,680
Speaker 1: chances are the other kids in your class have the

794
00:34:58,719 --> 00:35:00,399
Speaker 1: same question and they don't know what's going it on either.

795
00:35:00,440 --> 00:35:03,319
Speaker 1: You just gotta make that clarification. Yeah, so raise your

796
00:35:03,320 --> 00:35:05,719
Speaker 1: hand and ask the question. And I think it's good

797
00:35:05,719 --> 00:35:08,560
Speaker 1: for us to to just acknowledge that, acknowledge the fact

798
00:35:08,600 --> 00:35:10,520
Speaker 1: that many of the people around you have the same question.

799
00:35:10,760 --> 00:35:12,560
Speaker 1: And chances are there's nobody in your friend group that

800
00:35:12,640 --> 00:35:16,120
Speaker 1: has the solid answer. But I bet all your friends

801
00:35:16,160 --> 00:35:18,200
Speaker 1: have a little bit of insight, and that's where the

802
00:35:18,200 --> 00:35:21,479
Speaker 1: conversation starts. Yeah, it's happening to that hive mind. Yeah,

803
00:35:21,520 --> 00:35:25,440
Speaker 1: exactly right. So don't be afraid to just simply ask

804
00:35:25,480 --> 00:35:27,719
Speaker 1: that question, because chances are, if you have the question

805
00:35:27,760 --> 00:35:30,080
Speaker 1: other people do too, and they're not gonna think you're

806
00:35:30,120 --> 00:35:33,600
Speaker 1: foolish or stupid. They're gonna be grateful deep down because

807
00:35:33,600 --> 00:35:35,560
Speaker 1: you're asking the question that they wish they would have

808
00:35:35,600 --> 00:35:37,400
Speaker 1: had the guts to ask themselves. Man, that kind of

809
00:35:37,440 --> 00:35:39,880
Speaker 1: goes along with our next point, which is that a

810
00:35:39,920 --> 00:35:41,960
Speaker 1: lot of times you're gonna need to go first in

811
00:35:42,080 --> 00:35:44,480
Speaker 1: order to get the conversation started. You might have to

812
00:35:44,560 --> 00:35:48,120
Speaker 1: volunteer your own opinion or maybe how you do things first.

813
00:35:48,840 --> 00:35:50,919
Speaker 1: So for instance, you can mention maybe just a deal

814
00:35:50,960 --> 00:35:53,960
Speaker 1: you saw Jill. You mentioned that earlier, how consumer habits

815
00:35:54,040 --> 00:35:56,880
Speaker 1: is an easy and sort of lightweight to breach the

816
00:35:56,920 --> 00:35:59,560
Speaker 1: topic of money with your friends. But even something is

817
00:35:59,600 --> 00:36:02,120
Speaker 1: easy as talking about a new budgeting app that you're

818
00:36:02,120 --> 00:36:04,200
Speaker 1: going to try out on the phone, or even something

819
00:36:04,239 --> 00:36:07,120
Speaker 1: maybe bigger like that you're gonna consider asking for a raise.

820
00:36:07,440 --> 00:36:09,040
Speaker 1: These are all topics that you might need to mention

821
00:36:09,080 --> 00:36:11,680
Speaker 1: first in order to get the ball rolling. Yeah, you

822
00:36:11,760 --> 00:36:14,719
Speaker 1: might even mention an awkward podcast that you heard with

823
00:36:15,320 --> 00:36:17,799
Speaker 1: two weird dudes that host it, and I don't know

824
00:36:17,880 --> 00:36:19,680
Speaker 1: whatever it takes to kind of get the ball rolling

825
00:36:19,800 --> 00:36:22,239
Speaker 1: right in another way, to kind of get that conversation

826
00:36:22,280 --> 00:36:24,759
Speaker 1: started that might be even a little bit harder, but

827
00:36:25,080 --> 00:36:28,680
Speaker 1: oftentimes it's really rewarding is to share maybe some of

828
00:36:28,719 --> 00:36:32,000
Speaker 1: your struggles. I feel like we can all identify because

829
00:36:32,000 --> 00:36:34,600
Speaker 1: we have all struggled with money at one time or another,

830
00:36:34,800 --> 00:36:36,920
Speaker 1: and it is so refreshing when a friend or a

831
00:36:37,000 --> 00:36:39,360
Speaker 1: sibling or someone that we love and are close to

832
00:36:39,680 --> 00:36:42,520
Speaker 1: actually opens up about a struggle that they're dealing with.

833
00:36:42,800 --> 00:36:45,840
Speaker 1: It's just so meaningful because we have those same struggles

834
00:36:45,960 --> 00:36:48,719
Speaker 1: or maybe other struggles, but they're similar, right, and we're

835
00:36:48,760 --> 00:36:51,680
Speaker 1: all human, and there's something about identifying on that level

836
00:36:51,920 --> 00:36:54,960
Speaker 1: because suffering is common to us all. We all experience it.

837
00:36:55,200 --> 00:36:57,120
Speaker 1: And so if you can be that friend in your

838
00:36:57,160 --> 00:37:00,280
Speaker 1: group that is willing to at least open up about

839
00:37:00,640 --> 00:37:03,680
Speaker 1: a money struggle or something that you have overcome or

840
00:37:03,719 --> 00:37:06,200
Speaker 1: maybe that you're still even dealing with, that can be

841
00:37:06,280 --> 00:37:09,680
Speaker 1: a really helpful way to start a money conversation. Yeah, man,

842
00:37:09,719 --> 00:37:11,719
Speaker 1: And this goes back to one of the reasons why

843
00:37:11,960 --> 00:37:14,120
Speaker 1: people don't open up is that this can be a

844
00:37:14,200 --> 00:37:16,480
Speaker 1: really vulnerable point in your life to be able to

845
00:37:16,520 --> 00:37:18,840
Speaker 1: do something like that, to maybe put yourself in what

846
00:37:18,960 --> 00:37:20,880
Speaker 1: you would consider a point of weakness, right to not

847
00:37:20,920 --> 00:37:22,759
Speaker 1: feel like that you've got all your all your crap

848
00:37:22,800 --> 00:37:25,160
Speaker 1: together and feel like you can go in with the answers.

849
00:37:25,520 --> 00:37:27,480
Speaker 1: But sometimes going in with the question is one of

850
00:37:27,480 --> 00:37:29,719
Speaker 1: the best ways to find answers, and you're never going

851
00:37:29,760 --> 00:37:31,560
Speaker 1: to figure that out if you don't put yourself out there,

852
00:37:31,800 --> 00:37:34,080
Speaker 1: all right. Another step you can take, Matt to get

853
00:37:34,080 --> 00:37:38,080
Speaker 1: those money conversations started, or to use real events. Yeah, man,

854
00:37:38,120 --> 00:37:40,800
Speaker 1: I think this one is especially good for someone who

855
00:37:40,840 --> 00:37:43,160
Speaker 1: may not seem that interested in talking about their money.

856
00:37:43,400 --> 00:37:45,520
Speaker 1: If you know that it's gonna be an uphill battle

857
00:37:45,600 --> 00:37:48,760
Speaker 1: to talk about money with a particular individual, using real

858
00:37:48,800 --> 00:37:52,280
Speaker 1: life events, using some sort of practical way to get

859
00:37:52,400 --> 00:37:54,800
Speaker 1: sort of under the radar and get talking about money

860
00:37:55,000 --> 00:37:56,719
Speaker 1: is going to be the way in. And so a

861
00:37:56,760 --> 00:37:59,080
Speaker 1: way that's easy to do this is think about maybe

862
00:37:59,080 --> 00:38:01,239
Speaker 1: an instance where have friends that want to go out,

863
00:38:01,680 --> 00:38:03,600
Speaker 1: and if it's maybe towards the end of the month,

864
00:38:03,800 --> 00:38:05,319
Speaker 1: or even if it's not towards the end of the month,

865
00:38:05,360 --> 00:38:07,200
Speaker 1: you could say, Hey, I'm actually gonna have to sit

866
00:38:07,200 --> 00:38:09,200
Speaker 1: out this time because my entertainment funds getting low for

867
00:38:09,200 --> 00:38:11,279
Speaker 1: the month, and yeah, I'll just have to meet up

868
00:38:11,280 --> 00:38:13,239
Speaker 1: with you guys next time and hopefully a response like

869
00:38:13,280 --> 00:38:15,520
Speaker 1: that might get folks talking, and they might ask you

870
00:38:15,520 --> 00:38:16,960
Speaker 1: the question like, well, what's that all about? Like what

871
00:38:17,000 --> 00:38:18,880
Speaker 1: are you talking about? You've got plenty of money, how

872
00:38:19,440 --> 00:38:21,239
Speaker 1: how come you can't come out? And so that's the

873
00:38:21,239 --> 00:38:23,959
Speaker 1: sort of thing that might sound lame, but for someone

874
00:38:24,000 --> 00:38:26,399
Speaker 1: who is also struggling with money, when they hear that,

875
00:38:26,800 --> 00:38:28,520
Speaker 1: a little light goes off and they think, oh, man,

876
00:38:28,680 --> 00:38:30,440
Speaker 1: that's what I need to be saying, but I'm not.

877
00:38:31,920 --> 00:38:34,319
Speaker 1: That's like a leadership quality to right, that you can

878
00:38:34,400 --> 00:38:37,799
Speaker 1: possess amongst your group of friends or with your significant

879
00:38:37,800 --> 00:38:39,719
Speaker 1: other or with your kids. Right. A lot of this

880
00:38:39,880 --> 00:38:43,400
Speaker 1: is kind of leading that charge because a true leader

881
00:38:43,440 --> 00:38:46,520
Speaker 1: opens up about their failures, like we just talked about. Yeah,

882
00:38:46,520 --> 00:38:48,960
Speaker 1: and if you feel maybe a little uncomfortable being that

883
00:38:49,000 --> 00:38:52,040
Speaker 1: guy or that girl and your group of friends, maybe

884
00:38:52,080 --> 00:38:55,640
Speaker 1: instead broaching a real life event in pop culture or

885
00:38:55,719 --> 00:38:58,279
Speaker 1: with what's going on right now. So for instance, the

886
00:38:58,400 --> 00:39:00,840
Speaker 1: stock markets had a rough couple of weeks, Maybe you

887
00:39:00,880 --> 00:39:03,560
Speaker 1: could open up the lines of communication with a random

888
00:39:03,560 --> 00:39:05,960
Speaker 1: conversation about that, and then you can refer to our

889
00:39:05,960 --> 00:39:08,319
Speaker 1: episode where we talk about not timing the stock market. Right,

890
00:39:08,600 --> 00:39:10,520
Speaker 1: that's something that's top of mind and a little less

891
00:39:10,520 --> 00:39:14,239
Speaker 1: intimidating of a subject to bring up than everybody's personal budget, right,

892
00:39:14,640 --> 00:39:16,920
Speaker 1: and and something else. Every year in the United States,

893
00:39:17,239 --> 00:39:19,960
Speaker 1: most Americans get a tax refund, and that becomes a

894
00:39:19,960 --> 00:39:22,640
Speaker 1: popular topic of conversation. Hey, what are you doing with

895
00:39:22,719 --> 00:39:25,920
Speaker 1: your sweet refund this year? Right? And Matt and I

896
00:39:25,960 --> 00:39:27,960
Speaker 1: had a conversation about that a while back. You can

897
00:39:28,000 --> 00:39:30,479
Speaker 1: dig up that episode. But that's another kind of great

898
00:39:30,520 --> 00:39:33,480
Speaker 1: way to spur on that conversation. It's something that's going

899
00:39:33,520 --> 00:39:36,120
Speaker 1: to happen right early next year. Everyone's gonna be talking

900
00:39:36,120 --> 00:39:38,520
Speaker 1: about it. They're gonna be articles all over the internet

901
00:39:38,520 --> 00:39:40,919
Speaker 1: about what to do with your tax refund. And that's

902
00:39:40,920 --> 00:39:43,400
Speaker 1: just a great topic of conversation to bring up with

903
00:39:43,400 --> 00:39:45,520
Speaker 1: your friends, your family, Hey, what are you doing with

904
00:39:45,560 --> 00:39:47,759
Speaker 1: your tax refund? And you can kind of start a

905
00:39:47,760 --> 00:39:51,120
Speaker 1: conversation surrounding that. There's common ground that can be had there,

906
00:39:51,239 --> 00:39:54,399
Speaker 1: and who knows where that conversation will take you. All right, Joel,

907
00:39:54,480 --> 00:39:56,880
Speaker 1: Right now, quick question. If you had a tax refund

908
00:39:57,040 --> 00:40:00,480
Speaker 1: right now, let's say two grand, and you could not

909
00:40:00,600 --> 00:40:02,799
Speaker 1: invest it, you had to blow it, what would you

910
00:40:02,800 --> 00:40:04,799
Speaker 1: spend it on? All Right, The first thing that's coming

911
00:40:04,800 --> 00:40:07,440
Speaker 1: to my mind, not well thought out, but uh, probably

912
00:40:07,440 --> 00:40:10,360
Speaker 1: another bike, honestly. Oh yeah, yeah, you know. I always

913
00:40:10,400 --> 00:40:13,360
Speaker 1: thought it was weird how people that were into biking

914
00:40:13,440 --> 00:40:16,719
Speaker 1: had multiple bikes, had multiple bikes, and they nerded out

915
00:40:16,719 --> 00:40:19,200
Speaker 1: of it and they wanted another bike. Man, now that

916
00:40:19,200 --> 00:40:21,080
Speaker 1: I've been biking for about a year and a half

917
00:40:21,239 --> 00:40:24,400
Speaker 1: pretty solidly, I'm kind of itching for like another really

918
00:40:24,440 --> 00:40:27,520
Speaker 1: cool bike, different ride. Yeah, so that would probably be it,

919
00:40:27,640 --> 00:40:29,319
Speaker 1: I'll do. That's a good answer because right now my

920
00:40:29,480 --> 00:40:31,680
Speaker 1: daily bike that I ride the most often is the

921
00:40:31,680 --> 00:40:33,759
Speaker 1: big cargo bike that used all the girls around on.

922
00:40:33,880 --> 00:40:35,759
Speaker 1: But sometimes I just want to hop on a bike

923
00:40:35,800 --> 00:40:38,000
Speaker 1: and head up to somewhere close by. You want something

924
00:40:38,040 --> 00:40:42,399
Speaker 1: spelt fast, something a little quicker, and I would love

925
00:40:42,440 --> 00:40:44,600
Speaker 1: to have something lighter. I was gonna say a trip

926
00:40:44,840 --> 00:40:46,560
Speaker 1: because I feel like it and I haven't gone out

927
00:40:46,600 --> 00:40:48,680
Speaker 1: on a little vacation in a while, like just the

928
00:40:48,680 --> 00:40:50,600
Speaker 1: two of us, So that's always I feel like that's

929
00:40:50,600 --> 00:40:53,360
Speaker 1: always a good thing to to blow a tax refund on.

930
00:40:53,400 --> 00:40:55,560
Speaker 1: If I mean, if you're not gonna invest it, which

931
00:40:55,560 --> 00:40:59,480
Speaker 1: we would recommend investing it, but it's getting away with

932
00:40:59,480 --> 00:41:01,600
Speaker 1: with a signal ifan other that sounds really good right

933
00:41:01,600 --> 00:41:04,840
Speaker 1: about now, Yeah, we would definitely recommend investing a strong

934
00:41:04,880 --> 00:41:07,960
Speaker 1: portion of that. But but a good trip, that's man. Yeah,

935
00:41:07,960 --> 00:41:09,800
Speaker 1: I agree. If if it wasn't a bike, you probably

936
00:41:09,800 --> 00:41:12,040
Speaker 1: would be for me and the fam or or or

937
00:41:12,160 --> 00:41:14,000
Speaker 1: Emily and I to to take a little trips somewhere.

938
00:41:14,080 --> 00:41:16,719
Speaker 1: All right, real quick, a couple more tips before you

939
00:41:16,760 --> 00:41:18,520
Speaker 1: wrap this up, And I want to say that it

940
00:41:18,600 --> 00:41:21,799
Speaker 1: might be easier for folks to talk in percentages rather

941
00:41:21,880 --> 00:41:24,080
Speaker 1: than actual dollar amounts. So when it comes to how

942
00:41:24,160 --> 00:41:27,040
Speaker 1: much you're saving, for instance, it might feel weird to

943
00:41:27,120 --> 00:41:29,920
Speaker 1: say an actual hard dollar amount that you're saving. But

944
00:41:30,320 --> 00:41:32,359
Speaker 1: if you can talk to somebody else who might make

945
00:41:32,400 --> 00:41:34,920
Speaker 1: a different amount than you do, but you're both saying,

946
00:41:34,920 --> 00:41:37,360
Speaker 1: oh yeah, I'm sitting aside ten percent of my income

947
00:41:37,360 --> 00:41:40,560
Speaker 1: as well, well, boom you found common ground, which is awesome.

948
00:41:40,600 --> 00:41:42,680
Speaker 1: That way, you can have conversations like this with someone

949
00:41:42,719 --> 00:41:44,919
Speaker 1: else who might be in a very different life stage

950
00:41:44,920 --> 00:41:47,160
Speaker 1: in you, or they might have very different expenses, and

951
00:41:47,200 --> 00:41:48,919
Speaker 1: all of a sudden you're able to sort of level

952
00:41:48,920 --> 00:41:51,680
Speaker 1: the playing field and you know that you have similar approaches,

953
00:41:51,800 --> 00:41:54,640
Speaker 1: you have a similar goal in mind, even though the

954
00:41:54,719 --> 00:41:58,120
Speaker 1: dollar amounts might be way different. Yeah, it's a different

955
00:41:58,120 --> 00:42:01,000
Speaker 1: conversation when you talk about your lawyer four oh one

956
00:42:01,040 --> 00:42:03,279
Speaker 1: k match and how much you're putting in. Let's say

957
00:42:03,280 --> 00:42:05,520
Speaker 1: you're saving five percent of your pay or ten percent

958
00:42:05,520 --> 00:42:06,880
Speaker 1: of your pay in a four oh one k That's

959
00:42:06,880 --> 00:42:10,239
Speaker 1: that feels like a less daunting conversation to have. Then

960
00:42:10,320 --> 00:42:12,240
Speaker 1: your friend that tells you that they're saving sixteen thousand

961
00:42:12,280 --> 00:42:13,920
Speaker 1: dollars a year in their four oh one kings, right,

962
00:42:14,520 --> 00:42:18,399
Speaker 1: you're like overachiever, right, But but that's just a more

963
00:42:18,440 --> 00:42:21,440
Speaker 1: difficult conversation to have when you're talking about specific dollar amounts.

964
00:42:21,680 --> 00:42:24,240
Speaker 1: And so yeah, I would suggest for most people, unless

965
00:42:24,320 --> 00:42:26,560
Speaker 1: you can, like it advanced level with friends that are

966
00:42:26,600 --> 00:42:29,040
Speaker 1: super into money like you are, then you know, maybe

967
00:42:29,080 --> 00:42:31,239
Speaker 1: you can broach dollar amounts. But it's just so much

968
00:42:31,239 --> 00:42:35,600
Speaker 1: easier to talk about things on percentage level because yeah,

969
00:42:35,719 --> 00:42:38,400
Speaker 1: nothing gets lost in translation, and it doesn't make anybody

970
00:42:38,400 --> 00:42:42,200
Speaker 1: feel less than or uncomfortable or uncable in the conversation. Yeah,

971
00:42:42,360 --> 00:42:44,560
Speaker 1: you could feel sort of braggadocious, right if you're the

972
00:42:44,560 --> 00:42:47,200
Speaker 1: sixteen thousand dollar guy and you're socking that away, Well,

973
00:42:47,239 --> 00:42:49,040
Speaker 1: that sounds like a lot of money, but it might

974
00:42:49,080 --> 00:42:52,200
Speaker 1: be from a percentage standpoint. The exact same as somebody

975
00:42:52,200 --> 00:42:55,120
Speaker 1: else who might just be starting out at the company. Yeah,

976
00:42:55,200 --> 00:42:58,240
Speaker 1: it can just lead to hurt feelings or people assuming

977
00:42:58,239 --> 00:43:00,439
Speaker 1: that they're not doing enough, especially if we're not opening

978
00:43:00,520 --> 00:43:02,960
Speaker 1: up about our salaries, which I don't feel like it's

979
00:43:03,000 --> 00:43:05,399
Speaker 1: necessarily all that important for us to know how much

980
00:43:05,480 --> 00:43:08,360
Speaker 1: each other makes his friends. Keeping it at a percentage

981
00:43:08,440 --> 00:43:11,919
Speaker 1: level based conversation just makes things less awkward, a little

982
00:43:11,920 --> 00:43:16,440
Speaker 1: bit easier, and kind of standardized across all fronts. And

983
00:43:16,560 --> 00:43:19,520
Speaker 1: another way that you can make people feel really uncomfortable,

984
00:43:19,560 --> 00:43:21,640
Speaker 1: other than throwing out huge dollar amounts that you might

985
00:43:21,640 --> 00:43:24,920
Speaker 1: be saving or even spending, is shutting someone down with

986
00:43:24,960 --> 00:43:27,560
Speaker 1: an argument. And so when you're talking about someone about money,

987
00:43:27,640 --> 00:43:29,880
Speaker 1: make sure that you realize that you're having a discussion.

988
00:43:30,040 --> 00:43:32,239
Speaker 1: You're not trying to win an argument. You're not there

989
00:43:32,280 --> 00:43:36,080
Speaker 1: to judge somebody. You're there too for the relationship, or

990
00:43:36,120 --> 00:43:37,839
Speaker 1: you're there to learn something, or you're there to help

991
00:43:37,880 --> 00:43:41,680
Speaker 1: somebody else. That's stupid, Matt, You're wrong, I win. But

992
00:43:41,719 --> 00:43:43,560
Speaker 1: be sure to keep an open mind. We all have

993
00:43:43,640 --> 00:43:46,520
Speaker 1: a lot to learn. Everything doesn't have to be a competition,

994
00:43:46,760 --> 00:43:49,840
Speaker 1: and it's always helpful to remember that there's somebody and

995
00:43:49,880 --> 00:43:51,800
Speaker 1: probably a lot of people out there that are smarter

996
00:43:51,840 --> 00:43:53,759
Speaker 1: than you are when it comes to this stuff. Right, So,

997
00:43:53,800 --> 00:43:55,919
Speaker 1: every time I hear a guy like Warren Buffets speak,

998
00:43:55,960 --> 00:43:59,360
Speaker 1: I am completely reminded of my own inadequacies when it

999
00:43:59,400 --> 00:44:01,719
Speaker 1: comes to in testing. But I don't have to be

1000
00:44:01,719 --> 00:44:04,279
Speaker 1: better than Warranbufett or know as much as he does.

1001
00:44:04,560 --> 00:44:08,200
Speaker 1: I can appreciate who he is from afar and and

1002
00:44:08,280 --> 00:44:12,799
Speaker 1: appreciate his robust knowledge, but there's no need for me

1003
00:44:12,880 --> 00:44:15,440
Speaker 1: to become as smart as warm Buffett. And there's no

1004
00:44:15,520 --> 00:44:18,760
Speaker 1: need for us to put up a front and pretend

1005
00:44:18,800 --> 00:44:22,560
Speaker 1: like we are something better than we are. Like Matt said,

1006
00:44:22,640 --> 00:44:24,719
Speaker 1: it's not a competition. And at the end of the day,

1007
00:44:24,760 --> 00:44:27,960
Speaker 1: the most important thing is retaining a solid friendship or

1008
00:44:28,080 --> 00:44:32,840
Speaker 1: meaningful relationship with your significant other or family members. And

1009
00:44:32,840 --> 00:44:36,640
Speaker 1: so coming at it from an opinionated or argumentative mindset

1010
00:44:37,160 --> 00:44:39,920
Speaker 1: is going to shut down the lines of communication. Right,

1011
00:44:39,960 --> 00:44:43,200
Speaker 1: We talked about how vulnerability can actually open those lines

1012
00:44:43,200 --> 00:44:45,719
Speaker 1: of communication. Well, if you approach the topic from a

1013
00:44:45,840 --> 00:44:48,279
Speaker 1: know it all or argumentative standpoint, it's going to do

1014
00:44:48,320 --> 00:44:50,919
Speaker 1: the exact opposite. It shuts people down and they don't

1015
00:44:50,960 --> 00:44:53,239
Speaker 1: want to have that conversation with you, and I'll tell

1016
00:44:53,239 --> 00:44:55,759
Speaker 1: you what I speak from personal experience, because I feel

1017
00:44:55,760 --> 00:44:58,040
Speaker 1: like I made some of those mistakes early on with

1018
00:44:58,080 --> 00:45:00,719
Speaker 1: people that I love and cared about. Was learning a lot,

1019
00:45:00,760 --> 00:45:02,640
Speaker 1: and I cared a lot about the subject, and I

1020
00:45:02,680 --> 00:45:04,520
Speaker 1: was a little brash in the way I approached some

1021
00:45:04,560 --> 00:45:07,520
Speaker 1: of those conversations and its shut them down before they

1022
00:45:07,520 --> 00:45:09,560
Speaker 1: could really get started. And so it took some time

1023
00:45:09,680 --> 00:45:12,399
Speaker 1: for me to learn a little humility when it came

1024
00:45:12,440 --> 00:45:15,080
Speaker 1: to talking about money with my friends and people that

1025
00:45:15,120 --> 00:45:17,400
Speaker 1: I cared about. So I learned from my mistake and

1026
00:45:17,880 --> 00:45:21,120
Speaker 1: try to approach those conversations with some kindness and care,

1027
00:45:21,400 --> 00:45:24,040
Speaker 1: because that's what it's gonna take to actually get the

1028
00:45:24,080 --> 00:45:28,200
Speaker 1: money conversations rolling as right, Joel, those are some wise words, man,

1029
00:45:28,719 --> 00:45:30,800
Speaker 1: All right, real quick, let's get back to this beer.

1030
00:45:31,040 --> 00:45:35,200
Speaker 1: This is a collaboration between Angry Chair Brewing and Westbrook

1031
00:45:35,239 --> 00:45:38,839
Speaker 1: Brewing Company. It's called Zeus Juice. Man. This is a

1032
00:45:38,920 --> 00:45:41,759
Speaker 1: sour wheat ale is Ambrosia inspired, which I'm not sure

1033
00:45:41,800 --> 00:45:45,319
Speaker 1: what that means. Drink of the gods, right, That's why

1034
00:45:45,320 --> 00:45:48,120
Speaker 1: I think it's called Zeus, Yeah, exactly, But what does

1035
00:45:48,120 --> 00:45:49,719
Speaker 1: that mean when it comes to an actual beer. It's

1036
00:45:49,719 --> 00:45:53,320
Speaker 1: just it's just supposed to be funzies, just marketing. But

1037
00:45:53,480 --> 00:45:57,600
Speaker 1: a sour wheat ale brewed with tangerine, pineapple, cherry, coconut, lactose,

1038
00:45:57,960 --> 00:46:00,279
Speaker 1: and marshmallows. They put it all in there, man, what

1039
00:46:00,320 --> 00:46:01,840
Speaker 1: do you think you dig it to? To be honest,

1040
00:46:01,880 --> 00:46:03,720
Speaker 1: I really did. And I think I mentioned this before,

1041
00:46:03,760 --> 00:46:06,839
Speaker 1: but I love low alcohol beers and this one's only

1042
00:46:06,880 --> 00:46:10,000
Speaker 1: four percent, but it packed so much flavor because of

1043
00:46:10,040 --> 00:46:12,400
Speaker 1: all those ingredients. It just kind of felt like one

1044
00:46:12,400 --> 00:46:14,319
Speaker 1: of those beers that I don't feel like it ever

1045
00:46:14,400 --> 00:46:16,600
Speaker 1: tasted a beer that was quite like this. It was

1046
00:46:16,640 --> 00:46:19,080
Speaker 1: pretty unique as well. You know what I have tasted

1047
00:46:19,120 --> 00:46:22,000
Speaker 1: that I thought tasted like this beer? Tell red Bull?

1048
00:46:22,560 --> 00:46:25,040
Speaker 1: Oh dude, that's interesting. Yeah, like that sort of candy

1049
00:46:25,120 --> 00:46:27,640
Speaker 1: tartness that comes with just like a regular Red Bull

1050
00:46:27,920 --> 00:46:30,319
Speaker 1: energy drink. I don't feel like talking about I've had

1051
00:46:30,320 --> 00:46:32,440
Speaker 1: a Red Bull in a decade, so I'm trying to

1052
00:46:32,480 --> 00:46:34,799
Speaker 1: remember what they taste like. So I don't know that

1053
00:46:34,840 --> 00:46:37,600
Speaker 1: I can comment, but but I feel like there was

1054
00:46:37,680 --> 00:46:41,000
Speaker 1: that kind of candied cherry kind of notes going on.

1055
00:46:41,040 --> 00:46:43,640
Speaker 1: So if that's sort a Red Bull taste, like, yes, yeah,

1056
00:46:43,680 --> 00:46:46,280
Speaker 1: it was that and one other thing that I tasted

1057
00:46:46,360 --> 00:46:47,680
Speaker 1: later in the show, and I wrote it down because

1058
00:46:47,680 --> 00:46:49,680
Speaker 1: it stood out to me. Did you eat Captain crunch

1059
00:46:49,880 --> 00:46:52,560
Speaker 1: but with berries? I think it's called like crunch berries,

1060
00:46:52,600 --> 00:46:54,839
Speaker 1: I think, or caintain crunch berries. Actually, I think that's

1061
00:46:54,840 --> 00:46:57,680
Speaker 1: exactly what it's called. Crunch berries. Now, man, I don't

1062
00:46:57,680 --> 00:46:59,400
Speaker 1: think my parents would let me get that stuff in

1063
00:46:59,440 --> 00:47:01,600
Speaker 1: the cereal it for real, you never had Captain crunch No,

1064
00:47:01,760 --> 00:47:05,239
Speaker 1: it was like cheerios and stuff man classics only for you. Huh.

1065
00:47:05,239 --> 00:47:06,799
Speaker 1: I guess you know what, May might go pick them

1066
00:47:06,840 --> 00:47:08,400
Speaker 1: up this week. If it tastes like this, then I'm in.

1067
00:47:08,520 --> 00:47:10,399
Speaker 1: If you like that and you want to get yourself

1068
00:47:10,480 --> 00:47:15,239
Speaker 1: some cereal, you would love some Captain crunch berries. An sold. Yeah.

1069
00:47:15,239 --> 00:47:17,719
Speaker 1: I definitely had sort of a berry fruitiness to it

1070
00:47:17,800 --> 00:47:21,560
Speaker 1: along with like that sour weakness. It was delicious. Yeah,

1071
00:47:21,560 --> 00:47:23,799
Speaker 1: it was fun. I thought the lactose and the marshmallows

1072
00:47:23,880 --> 00:47:26,359
Speaker 1: kind of gave it this kind of fluffy pillowness too.

1073
00:47:26,440 --> 00:47:30,960
Speaker 1: Oh yeah, you're talking Cinda crunch language. So this is

1074
00:47:31,239 --> 00:47:34,560
Speaker 1: really really tasty and I would definitely get more of it.

1075
00:47:34,640 --> 00:47:38,279
Speaker 1: So Zoos Juice by Westbrook and Angry Chair also love

1076
00:47:38,280 --> 00:47:40,960
Speaker 1: a good collaboration beer. Those are always fun. All right, Joe,

1077
00:47:41,040 --> 00:47:42,920
Speaker 1: let's give our final thoughts. Man, we want you to

1078
00:47:42,920 --> 00:47:46,439
Speaker 1: start talking about money because money a lot of times

1079
00:47:46,440 --> 00:47:48,520
Speaker 1: just feels like a topic that is off limits when

1080
00:47:48,520 --> 00:47:50,759
Speaker 1: it comes to things that you talk about when it

1081
00:47:50,760 --> 00:47:52,800
Speaker 1: comes to your friends, and that's umb we want to

1082
00:47:52,880 --> 00:47:56,280
Speaker 1: change that. And whether it's because maybe it feels too personal,

1083
00:47:56,400 --> 00:47:58,480
Speaker 1: maybe you feel it's none of your business. There are

1084
00:47:58,520 --> 00:48:00,440
Speaker 1: a lot of reasons why you may not be talking

1085
00:48:00,440 --> 00:48:02,480
Speaker 1: about money right now with your friends. It could be

1086
00:48:02,480 --> 00:48:04,960
Speaker 1: because you feel that you don't know enough, maybe you

1087
00:48:05,200 --> 00:48:06,879
Speaker 1: don't feel like you're doing a great job right now.

1088
00:48:07,239 --> 00:48:09,919
Speaker 1: Either way, it can kind of feel scary to talk

1089
00:48:09,960 --> 00:48:13,000
Speaker 1: about money when to talk about personal finance specifically with

1090
00:48:13,040 --> 00:48:16,120
Speaker 1: your friends. But we think that you're missing out ultimately

1091
00:48:16,160 --> 00:48:19,120
Speaker 1: by not having these money conversations. You're missing out likely

1092
00:48:19,160 --> 00:48:21,799
Speaker 1: on some individual growth by not having some of those

1093
00:48:21,840 --> 00:48:25,600
Speaker 1: money conversations, and also your friendships are missing out on

1094
00:48:25,640 --> 00:48:28,239
Speaker 1: a depth that they can have by tackling, you know,

1095
00:48:28,280 --> 00:48:31,280
Speaker 1: one of the subjects that affects all of us really deeply,

1096
00:48:31,560 --> 00:48:34,320
Speaker 1: and being able to connect on that level with the

1097
00:48:34,360 --> 00:48:36,960
Speaker 1: people that you're closest to there's something really cool about that.

1098
00:48:37,080 --> 00:48:39,640
Speaker 1: You might also be missing out as an employee or

1099
00:48:39,680 --> 00:48:41,480
Speaker 1: a parent, and so we would encourage you to have

1100
00:48:41,520 --> 00:48:44,799
Speaker 1: money conversations that matter for your own personal development in

1101
00:48:45,000 --> 00:48:47,600
Speaker 1: all of these spheres and to get the ball rolling

1102
00:48:47,680 --> 00:48:49,640
Speaker 1: when it comes to talking to your friends about money

1103
00:48:49,680 --> 00:48:52,480
Speaker 1: is that you're gonna have to probably go first. This

1104
00:48:52,520 --> 00:48:55,240
Speaker 1: isn't something that people tend to naturally want to talk about,

1105
00:48:55,600 --> 00:48:58,200
Speaker 1: and this is the step that's gonna take the most bravery.

1106
00:48:58,239 --> 00:49:00,680
Speaker 1: It's gonna be the hardest to do to you, you know,

1107
00:49:00,760 --> 00:49:03,360
Speaker 1: feel vulnerable and to put yourself out there. The chances

1108
00:49:03,400 --> 00:49:04,840
Speaker 1: are if you don't do it first, that's not a

1109
00:49:04,840 --> 00:49:07,200
Speaker 1: conversation that they're going to bring up, and that's a

1110
00:49:07,280 --> 00:49:10,120
Speaker 1: missed opportunity for a meaningful conversation that you could have had.

1111
00:49:10,640 --> 00:49:14,719
Speaker 1: Approach these conversations with care, because you know, it's weird

1112
00:49:14,760 --> 00:49:17,080
Speaker 1: to bring it up. It's weird for the people around

1113
00:49:17,120 --> 00:49:19,920
Speaker 1: you too. Because we live in a culture that emphasizes

1114
00:49:19,960 --> 00:49:23,320
Speaker 1: not talking about money. Most people are just completely silent

1115
00:49:23,360 --> 00:49:25,800
Speaker 1: on the issue altogether. So it might take some time,

1116
00:49:26,000 --> 00:49:29,440
Speaker 1: but it's definitely gonna take a calm and kind approach,

1117
00:49:29,719 --> 00:49:31,799
Speaker 1: So keep that in mind. When you do approach the

1118
00:49:31,840 --> 00:49:34,799
Speaker 1: topic with the people around you, yeah, man, and just

1119
00:49:34,880 --> 00:49:36,640
Speaker 1: keeping an open mind. We all still have a lot

1120
00:49:36,680 --> 00:49:38,719
Speaker 1: to learn and that's gonna be it for today. Man.

1121
00:49:38,840 --> 00:49:41,400
Speaker 1: Thanks to everyone for listening. Our home on the web

1122
00:49:41,560 --> 00:49:44,040
Speaker 1: is how Some Money dot Com. Check it out. We'll

1123
00:49:44,080 --> 00:49:46,160
Speaker 1: have those show notes up for you. Yeah, and if

1124
00:49:46,200 --> 00:49:48,080
Speaker 1: you like what you heard, please leave a review on

1125
00:49:48,160 --> 00:49:50,680
Speaker 1: Apple Podcasts. It helps get the word out to other

1126
00:49:50,719 --> 00:49:53,520
Speaker 1: people who also like talking about money. And don't forget

1127
00:49:53,560 --> 00:49:56,280
Speaker 1: to hit the subscribe button while you're there. So until

1128
00:49:56,280 --> 00:50:00,600
Speaker 1: next time, buddy, Best friends out, Best Friends Out, m

1129
00:50:00,840 --> 00:50:07,040
Speaker 1: M M