WEBVTT - Friday Flight - Soft Switching, Tariff Turnaround, & Ozempic Face #1065 0:00:00.080 --> 0:00:03.159 Welcome to Had of Money. I'm Joeld, I'm Att. Today 0:00:03.160 --> 0:00:07.080 we're talking soft switching, tariff turn around, and discounted drugs. 0:00:25.960 --> 0:00:28.960 Happy Friday, everyone. We hope everyone is at a wonderful 0:00:28.960 --> 0:00:31.080 week and we are glad that you're here to join 0:00:31.800 --> 0:00:34.440 this listening experience that we're about to deliver to you 0:00:34.520 --> 0:00:35.520 the Friday flight. 0:00:35.520 --> 0:00:38.440 It's right. I've already had one Thanksgiving meal at my 0:00:38.520 --> 0:00:41.400 kids school, Matt, earlier this week, so you warm it 0:00:41.479 --> 0:00:43.959 up for I'm ready for Yeah, it's like a week 0:00:44.000 --> 0:00:47.360 and a half of Thanksgiving festivities over here because then 0:00:47.400 --> 0:00:49.400 we have to eat with my family. But that's like, 0:00:49.440 --> 0:00:51.840 how do you feel about to travel to have dinner 0:00:51.880 --> 0:00:52.640 with other family? 0:00:53.040 --> 0:00:56.200 You think the Thanksgiving turkey is a little overrated justly 0:00:56.200 --> 0:00:57.400 speaking as a meal. 0:00:57.360 --> 0:00:59.240 No, I think we should eat more turkey. I'm actually 0:00:59.520 --> 0:01:01.440 I think it's sad that we don't, that we eat 0:01:01.480 --> 0:01:04.560 so little of it dry typically, it's like a dry meat, man, 0:01:04.600 --> 0:01:06.960 It's like they're cooking it right. Well, most people do 0:01:07.040 --> 0:01:10.760 overcook the inject trap puppy. I'm smoking one actually for 0:01:10.840 --> 0:01:12.360 this weekend, So I'm excited about that. 0:01:12.520 --> 0:01:13.920 And think about how very nice. 0:01:13.800 --> 0:01:17.400 How inexpensive turkey is Matthew ninety nine cents a pounds 0:01:17.440 --> 0:01:18.720 for fresh, never frozen turkey. 0:01:18.720 --> 0:01:22.160 It's a fairly affordable protein. That's for sure, much more 0:01:22.160 --> 0:01:23.920 affordable than some of the meat that we're going to 0:01:23.959 --> 0:01:26.880 get to later on this episode. True story. I saw 0:01:26.920 --> 0:01:28.960 you the other day. Actually, we're both driving on the 0:01:29.000 --> 0:01:32.000 Interstate and I passed your tail. Were driving. You were 0:01:32.040 --> 0:01:35.160 over there, juice in your miles per gallon. That's right, 0:01:35.280 --> 0:01:38.840 hypermiling here you were on eco mode. I'm sure over 0:01:38.840 --> 0:01:40.640 there in the van, but I noticed you had some 0:01:40.680 --> 0:01:42.959 fresh tires on that thing man looking looking nice. 0:01:43.000 --> 0:01:45.160 I did, so. I just got a set of new 0:01:45.200 --> 0:01:49.840 tires on the mini van and I did some extensive shopping. 0:01:50.000 --> 0:01:52.440 And actually now is a great time of year talking 0:01:52.440 --> 0:01:54.800 about like Black Friday sales and stuff like that. They 0:01:54.880 --> 0:01:57.320 even have sales on tires. It's not one of those 0:01:57.360 --> 0:01:58.920 things that you normally think about. But I was like, 0:01:59.160 --> 0:02:02.200 all right, I know I need some. Maybe let me 0:02:02.240 --> 0:02:03.800 see if I can hold off and find a good deal. 0:02:03.880 --> 0:02:05.840 And I'm a member, not just a costco but at 0:02:05.880 --> 0:02:07.800 Sam's Club. We don't talk about Sam's Club very often 0:02:08.080 --> 0:02:08.519 on the show. 0:02:08.639 --> 0:02:11.160 I always forget about Sam's Club. Because it's not you 0:02:11.240 --> 0:02:12.840 y'all live a bit closer to it than we do. 0:02:12.919 --> 0:02:15.280 It's not on our regular trek, it's not on a 0:02:15.280 --> 0:02:17.320 regular route that we travel, so because that is out 0:02:17.320 --> 0:02:18.679 of sight, out of mind. Yeah. 0:02:18.720 --> 0:02:22.040 So it's literally right on the way home from Emily's office, 0:02:22.040 --> 0:02:23.600 so she'll stop there on the way home to grab 0:02:23.600 --> 0:02:24.320 stuff sometimes. 0:02:24.400 --> 0:02:24.640 Nice. 0:02:24.680 --> 0:02:27.360 And the I was like kind of going back and 0:02:27.400 --> 0:02:30.560 forth between Sam's and Costco and uh, and I looked 0:02:30.600 --> 0:02:33.640 at a couple other places too, but Sam said the 0:02:33.680 --> 0:02:36.480 best offer, man, And so what was the price? 0:02:36.520 --> 0:02:37.000 Do you remember? 0:02:37.080 --> 0:02:39.239 So I think out the door was like seven to 0:02:39.320 --> 0:02:42.440 twenty five for four new tires installed. That's a great price, 0:02:42.520 --> 0:02:45.280 the whole thing. And one of the things that actually 0:02:45.440 --> 0:02:47.440 pushed me over the edge towards Sam's was like there 0:02:47.440 --> 0:02:49.919 were great tires of a good price, but also they 0:02:49.960 --> 0:02:55.080 offer four years of roadside assistance when you buy tires there. 0:02:55.800 --> 0:02:58.520 So I just there's like, how highly rated is the 0:02:58.560 --> 0:03:02.280 Sam's Club roadside? It's question, that's a good We'll see, 0:03:02.360 --> 0:03:03.799 we'll see if I get what I'm paying for or 0:03:03.840 --> 0:03:05.720 if this is actually something helpful, if I get trained 0:03:05.760 --> 0:03:08.720 on the side of the road. But five years of 0:03:08.880 --> 0:03:12.760 road hazard protection. You still get like the free flat repair, 0:03:12.880 --> 0:03:15.000 rotation of balance which they offered Costco, and I think 0:03:15.000 --> 0:03:17.880 they offer a discount tire two, so that's not necessarily 0:03:17.880 --> 0:03:20.400 out of the ordinary. Yeah, but at the roadside assistance, 0:03:20.720 --> 0:03:23.680 So that's that'll be the big the payout, I guess, 0:03:23.720 --> 0:03:25.680 because that sounds like it would have been. Was that enough? 0:03:25.880 --> 0:03:28.200 Is that what kind of swayed you over when you 0:03:28.240 --> 0:03:30.280 saw that and thought, oh wow, this is actually I 0:03:30.320 --> 0:03:32.440 was like the prices added benefit already a little bit 0:03:32.480 --> 0:03:33.200 lower for. 0:03:33.360 --> 0:03:35.240 Some really good tires. And then I was like, if 0:03:35.240 --> 0:03:38.720 it's got this other perk two, then maybe it makes 0:03:39.000 --> 0:03:41.640 sense to like, we'll test the waters and see if 0:03:41.640 --> 0:03:43.440 we ever actually have to use it. I'm curious to 0:03:43.480 --> 0:03:47.440 see if it works well or not. But yeah, yeah, yeah, 0:03:47.520 --> 0:03:50.600 So get those Black Friday tire deals if you're balding 0:03:50.640 --> 0:03:51.120 like mine or. 0:03:51.200 --> 0:03:54.880 I feel like the typical sale or discount at discount tires. 0:03:55.120 --> 0:03:57.560 I think last time when I got the tires changed 0:03:57.560 --> 0:04:00.320 out is around two hundred dollars a tire. So if 0:04:00.320 --> 0:04:02.160 you can get out there for like a little under eight, 0:04:02.280 --> 0:04:04.440 that's a good deal. You got you down to the 0:04:04.480 --> 0:04:06.680 lower sevens even better, deal man. 0:04:06.560 --> 0:04:09.160 And it felt kind of providential, Like I had a 0:04:09.200 --> 0:04:11.680 screw in the tire the day I was going to 0:04:11.680 --> 0:04:12.280 get it changed. 0:04:12.440 --> 0:04:14.720 That's right, Yeah, that's why you borrowed my the pump. 0:04:14.760 --> 0:04:16.000 That's right. You had to pump it up just so 0:04:16.000 --> 0:04:17.400 I could get over there to get them changed. But 0:04:17.480 --> 0:04:19.240 I was like, now I don't have to like get 0:04:19.240 --> 0:04:20.360 this flat repair. 0:04:20.160 --> 0:04:22.200 Just get it all taken care of all together. Let's 0:04:22.200 --> 0:04:25.479 spend some time talking about credit cards, Joel, because it 0:04:25.520 --> 0:04:29.760 seems like taking full advantage and maximizing the different credit 0:04:29.760 --> 0:04:32.240 card rewards out there, it's basically becoming like a part 0:04:32.240 --> 0:04:35.120 time job. Not only are the annual fees increasing, but 0:04:35.400 --> 0:04:38.120 so are the hurdles for snagging those perks. 0:04:38.160 --> 0:04:40.679 Well, the fancy cards. We're talking like seven, eight, nine 0:04:40.760 --> 0:04:42.360 hundred dollars a year. 0:04:42.839 --> 0:04:45.280 If you are the type of person that's gonna visit 0:04:45.360 --> 0:04:47.760 the lounges and take advantage of all that they have 0:04:47.839 --> 0:04:50.679 to offer more power to you. But the potential dollar 0:04:50.760 --> 0:04:53.440 value of those perks offered with the annual fee, of course, 0:04:53.520 --> 0:04:57.040 it has grown significantly, but accessing those perks has certainly 0:04:57.080 --> 0:04:59.479 come with roadblocks. The rewards are functioning more like like 0:04:59.520 --> 0:05:03.200 old school coupon books, to the chagrin of many users 0:05:03.200 --> 0:05:04.919 who are just used to at least for me, I 0:05:04.960 --> 0:05:07.280 like things to be as simple and the ability to 0:05:07.320 --> 0:05:08.200 get some cash back you. 0:05:08.200 --> 0:05:10.160 Know there straight up it's like, oh, you can get 0:05:10.160 --> 0:05:11.880 this reward in this quarter, but then you got to 0:05:11.880 --> 0:05:14.520 spend more money next quarter to get. 0:05:14.560 --> 0:05:16.400 More of that reward. Everyone was a fan of that, 0:05:16.440 --> 0:05:19.240 the rotating the rotating categories. Yeah, but then there's like 0:05:19.320 --> 0:05:22.440 quarterly credits, there's monthly rebates. They are all a part 0:05:22.480 --> 0:05:25.360 of the credit card company approach, hoping that the deals 0:05:25.360 --> 0:05:28.320 are gonna actually sound better than they function. Then they 0:05:28.360 --> 0:05:31.160 actually impact your your bottom line. And the data shows 0:05:31.160 --> 0:05:33.520 that fewer high end reward card users are actually getting 0:05:33.520 --> 0:05:36.960 the benefits beyond the what they're paying in the annual fee, 0:05:37.160 --> 0:05:39.680 and so they're not actually you're you're not coming out ahead. 0:05:39.800 --> 0:05:42.880 The credit card companies are, and in an attempt to 0:05:42.920 --> 0:05:46.279 maximize the rewards, some users are opting for spreadsheets, which 0:05:46.400 --> 0:05:48.039 makes a ton of sense because if you are going 0:05:48.080 --> 0:05:50.440 to play the game, you better play it right, while 0:05:50.480 --> 0:05:52.680 others like me are just throwing in the towel. So 0:05:52.800 --> 0:05:55.120 I think it's okay to downgrade. It's I think it's 0:05:55.120 --> 0:05:57.760 good to even cancel an extensive card if it's not 0:05:57.880 --> 0:06:00.200 working for you and going with something a bit more basic. 0:06:00.200 --> 0:06:02.880 Yeah, which is interesting, Like, usually we're kind of against 0:06:02.960 --> 0:06:06.000 the cancelation of credit cards for the sake of your 0:06:06.000 --> 0:06:08.560 credit score, but chances are, like, if you have a 0:06:08.560 --> 0:06:10.400 great score and you've got a card with the high 0:06:10.400 --> 0:06:13.920 annual fee that you're just not getting enough rewards from, 0:06:13.960 --> 0:06:15.400 You're like, I'm paying the anal fee, but like I 0:06:15.440 --> 0:06:17.520 either have to manufacture spending. I'm spending more than I 0:06:17.600 --> 0:06:20.400 want to. It actually has become like a pain in 0:06:20.440 --> 0:06:22.640 my butt. How much is this actually doing for me 0:06:22.760 --> 0:06:25.360 versus a straight up just two percent cash back card 0:06:25.360 --> 0:06:28.600 that I don't have to think about. If it's overwhelming 0:06:28.640 --> 0:06:32.679 you or the rewards just aren't worth it, then reconsider, yeah, 0:06:32.920 --> 0:06:36.479 in downgrade or even cancel, especially if you don't need 0:06:36.520 --> 0:06:39.000 to use your credit score for a big purchase in 0:06:39.040 --> 0:06:41.520 the near time, near future, like getting a mortgage or 0:06:41.520 --> 0:06:45.000 something like that. It is kind of crazy how complicated 0:06:45.000 --> 0:06:47.400 some of these rewards cards have gotten. And Mett, there's 0:06:47.440 --> 0:06:49.960 a new credit card on the scene that I just 0:06:50.480 --> 0:06:54.720 saw from US Bank, And this one is actually not 0:06:55.279 --> 0:06:57.960 similar to the high end rewards cards. It's an attempt 0:06:58.000 --> 0:07:00.720 to merge a credit card and buy now, pay later. 0:07:01.839 --> 0:07:04.400 You know, this is not something the hybrid model we're 0:07:04.400 --> 0:07:07.080 going to be fans of. Yeah, I like hybrids, like 0:07:07.120 --> 0:07:08.680 a pres or something like that, but not not in 0:07:08.800 --> 0:07:11.400 terms of like emerging of credit cards and buy now, 0:07:11.400 --> 0:07:14.360 pay later. Instead of paying off the full balance at 0:07:14.360 --> 0:07:16.120 the end of the month, with this card, you can 0:07:16.160 --> 0:07:18.440 pay off your balance over the course of three months 0:07:18.480 --> 0:07:20.840 instead for a fee. Of course, you got to pay 0:07:20.840 --> 0:07:24.520 extra for that privilege. And I just don't like credit 0:07:24.560 --> 0:07:28.120 cards becoming more like buy now, pay later. Credit cards 0:07:28.160 --> 0:07:30.680 are awesome, not because they're debt products, but if you 0:07:30.760 --> 0:07:34.040 use them properly, they offer perks, they offer protections for 0:07:34.120 --> 0:07:37.080 you as a consumer. And so if you're just if 0:07:37.120 --> 0:07:39.800 you're just using it as a method of payment to 0:07:40.440 --> 0:07:43.360 do the buying that you already would have done and 0:07:43.480 --> 0:07:44.840 paying it off in full at the end of the month, 0:07:44.880 --> 0:07:48.440 credit cards can be an excellent way to facilitate purchases, 0:07:48.800 --> 0:07:52.840 but using any payment method to extend your buying timeline 0:07:52.920 --> 0:07:54.920 because you don't have the cash, that's a red flag. 0:07:54.960 --> 0:07:56.640 So if you're like, oh, this credit card is great, 0:07:56.760 --> 0:07:58.600 not because of the perks, but because it allows me 0:07:58.880 --> 0:08:02.400 to pay off the item I bought well further down 0:08:02.480 --> 0:08:04.520 the road. I don't like that. So I'm really not 0:08:04.520 --> 0:08:06.680 a big fan of this newest new US Bank credit card. 0:08:06.760 --> 0:08:08.640 Yeah, yeah, you said there's a new card that you 0:08:08.640 --> 0:08:10.360 recently read about. It's not the card I thought you 0:08:10.360 --> 0:08:12.720 were gonna mention. The card that I came across recently 0:08:12.720 --> 0:08:14.840 that I applied for is the new robin Hood card, 0:08:15.120 --> 0:08:17.200 the new robin Hood Gold Card. 0:08:18.760 --> 0:08:19.440 That's pretty good. 0:08:19.640 --> 0:08:22.360 It's across the board cash back, which is first of 0:08:22.400 --> 0:08:24.120 its kind right there. I don't think there has been 0:08:24.120 --> 0:08:27.000 any other card, and so I quickly applied and got it. 0:08:27.000 --> 0:08:29.120 But I haven't read all the details on it yet, 0:08:29.160 --> 0:08:31.000 but we certainly will let folks know. I did see 0:08:31.000 --> 0:08:34.439 that it's when did a launch? Well, they announced it 0:08:34.600 --> 0:08:35.360 last last year. 0:08:35.400 --> 0:08:35.880 I want to say. 0:08:35.880 --> 0:08:38.120 We talked about it, and it's been sitting around, I 0:08:38.120 --> 0:08:40.360 think as they're trying to figure things out. But the 0:08:40.400 --> 0:08:43.480 actual at least for me maybe other folks have been 0:08:43.520 --> 0:08:45.960 it's been trickling out. But I it showed up in 0:08:46.000 --> 0:08:47.760 my email the other day and I hit I apply 0:08:47.920 --> 0:08:49.719 now and filled out the information and they said it's 0:08:49.720 --> 0:08:51.760 going to be showing up and sometime next week. 0:08:51.800 --> 0:08:53.319 Is there an annual fee for that card or is 0:08:53.320 --> 0:08:54.560 it just a robin Hood Gold member. 0:08:54.640 --> 0:08:57.800 Technically there is, because it's to be a robin Hood 0:08:57.800 --> 0:09:00.320 Gold Member, you're paying five bucks a month or fifty 0:09:00.400 --> 0:09:03.360 or six sixty eight years slightly discounted. So technically there's 0:09:03.400 --> 0:09:06.559 not a direct annual fee for the card, but there 0:09:06.600 --> 0:09:08.240 kind of is. But that being said, then you get 0:09:08.240 --> 0:09:11.000 the additional benefits of being a robin Hood Gold member, 0:09:11.040 --> 0:09:14.000 right with a match the only or one of the 0:09:14.080 --> 0:09:17.920 very few non employer IRA matches that's that's being provided 0:09:17.960 --> 0:09:18.280 out there. 0:09:18.320 --> 0:09:20.960 So just say rob robin Hood's making it more and 0:09:20.960 --> 0:09:21.960 more enticingly, they're making. 0:09:21.840 --> 0:09:24.160 They are, they are making it attracted. 0:09:23.760 --> 0:09:25.920 Like every time they announce something awesome, they also now 0:09:25.920 --> 0:09:27.480 something that I'm like a little wary of those. 0:09:27.720 --> 0:09:28.000 I know. 0:09:28.440 --> 0:09:30.240 Yeah, you just have to pick and choose the benefits 0:09:30.280 --> 0:09:32.079 that you want to access with Robinhood three. 0:09:31.880 --> 0:09:35.360 Percent though across the board. I am really curious to 0:09:35.400 --> 0:09:37.040 see if this is going to replace like my City 0:09:37.040 --> 0:09:39.840 Double Cash card for just like all the standard purchases. 0:09:39.880 --> 0:09:42.480 But well, okay, so actually, while we're talking about robin Hood. 0:09:42.640 --> 0:09:44.719 Did you see that they are offering this whole thing 0:09:44.760 --> 0:09:47.439 where they can bring cash to your doorstep. It's like 0:09:47.520 --> 0:09:49.400 Uber eats, but for dollar bills. 0:09:49.400 --> 0:09:50.440 I did. I saw that. 0:09:51.559 --> 0:09:53.319 It seems like there was a whole lot of other ways. Well, 0:09:53.640 --> 0:09:57.960 it's like seven bucks in order to get cash delivered 0:09:58.040 --> 0:09:58.560 to your. 0:09:58.440 --> 0:10:00.520 Front door unless you're a Robin Hood Golden right, or 0:10:00.640 --> 0:10:02.240 if you've got at least one hundred thousand dollars in 0:10:02.280 --> 0:10:05.120 assets with Probaina. So for me, it's like three bucks 0:10:05.240 --> 0:10:08.000 or something. Yeah, per cash delivery as opposed to which 0:10:08.000 --> 0:10:09.560 is lower than a regular ATM fee. 0:10:09.600 --> 0:10:12.920 But you folks should be with a bank that reimburses atmfees. 0:10:13.120 --> 0:10:14.760 And if you don't have a bank that does that, 0:10:14.800 --> 0:10:16.760 you should then be if you need cash, which is 0:10:16.800 --> 0:10:20.160 a rare occasion, you should be getting cash back with 0:10:20.320 --> 0:10:22.960 your debit card once in a blue moon whenever it 0:10:23.000 --> 0:10:24.280 is that you need to do that, which you can 0:10:24.320 --> 0:10:27.640 do at a grocery store or Facebook marketplace. I just 0:10:27.679 --> 0:10:30.319 listed something and the lady was like, can I come 0:10:30.320 --> 0:10:32.600 buy and bring cash? I was like, no problem. Cash 0:10:32.679 --> 0:10:35.760 is accepted at the All Mix household, you know, because 0:10:35.800 --> 0:10:38.200 that that is honestly how we get cash like in 0:10:38.240 --> 0:10:40.200 our coffers at home, to be able to pay the kids. 0:10:40.280 --> 0:10:42.240 Like I can't literally remember the last time I went 0:10:42.240 --> 0:10:45.000 to an ATM or got cash back. It's truly because 0:10:45.000 --> 0:10:47.880 of this kind of rotating stash of cash that we have, 0:10:48.000 --> 0:10:50.360 that the kids earn money for jobs and then pay 0:10:50.400 --> 0:10:51.600 back to us when they want to buy something. 0:10:51.679 --> 0:10:53.600 Yeah, basically, you know what I was reminded of earlier 0:10:53.600 --> 0:10:55.800 this week that I hadn't thought about or had forgotten about, 0:10:55.840 --> 0:10:58.280 was that some grocery stores are actually charging you to 0:10:58.280 --> 0:11:02.400 get cash backs, which I think extends to Kroger. I 0:11:02.400 --> 0:11:04.720 think they're basically the same corporate ownership. 0:11:04.760 --> 0:11:07.200 Sounds like a Krumby place to shout up with, well, 0:11:07.240 --> 0:11:07.840 if you can't. 0:11:07.679 --> 0:11:09.000 Cash back, and I don't know if this is true 0:11:09.040 --> 0:11:11.400 at other grocery stores as well, but if it's like 0:11:11.440 --> 0:11:13.840 twenty bucks, you pay fifty fifty cent fee, and if 0:11:13.880 --> 0:11:15.640 it's like even more than that, I think you're paying 0:11:15.640 --> 0:11:17.239 two or three dollars to get cash. 0:11:16.960 --> 0:11:19.000 Back, which is like, so everyone's getting paid roughly. 0:11:19.040 --> 0:11:20.680 I mean, I think the average ATMF is something like 0:11:20.720 --> 0:11:23.160 five dollars and fifty cents, which is insane. That's again 0:11:23.200 --> 0:11:24.600 why you need to be with one of our favorite 0:11:24.640 --> 0:11:27.560 online banks who doesn't charge or would either have an 0:11:27.600 --> 0:11:31.240 ATM network that allows you to avoid paying any fee, 0:11:31.480 --> 0:11:34.240 or there's the if you like bank with like Schwab 0:11:34.360 --> 0:11:37.600 or something like that. I'm pretty sure Schwab they will 0:11:37.720 --> 0:11:42.000 refund any atem fee that you incur. So I mean again, 0:11:42.040 --> 0:11:43.600 this is one of those things where how often am 0:11:43.600 --> 0:11:46.200 I getting cash similar to you? Not very often yep, 0:11:46.280 --> 0:11:48.520 But okay, speaking of banks, and maybe some banks are 0:11:48.520 --> 0:11:51.000 better than others, and so you might want to consider 0:11:51.200 --> 0:11:53.200 leaving the Krumi bank you're with, especially if it's one 0:11:53.240 --> 0:11:55.640 of the big bank that's big banks that has a 0:11:55.720 --> 0:11:58.319 brick and mortar on every street corner, which has become 0:11:58.360 --> 0:12:00.719 their favorite form of marketing. Now, I don't know, it's 0:12:00.760 --> 0:12:02.520 highly profitable and necessarily to have those. 0:12:03.200 --> 0:12:06.800 It's just convenience, not unlike the sam sting. If it's there, 0:12:06.840 --> 0:12:08.439 maybe you'll go into it. But the fact that I 0:12:08.559 --> 0:12:11.240 never pass it, I don't ever step foot into the 0:12:11.320 --> 0:12:11.840 same club. 0:12:11.920 --> 0:12:13.880 So what people are choosing to do now instead of 0:12:14.160 --> 0:12:16.319 signing up and moving everything over to a new bank, 0:12:16.360 --> 0:12:18.360 they're doing this thing because of course, there's a catchy 0:12:18.440 --> 0:12:22.240 term for everything these days, soft switching. This is the trend, 0:12:22.600 --> 0:12:25.680 and basically what it means is that people are opening 0:12:25.720 --> 0:12:28.480 up another bank account in order to get better service 0:12:28.559 --> 0:12:31.520 or higher interest rates, but they're just not moving all 0:12:31.720 --> 0:12:35.880 of their deposits or direct payments over to this new 0:12:35.920 --> 0:12:38.240 bank because it'd be too much of a hassle. 0:12:38.760 --> 0:12:41.880 I'm totally done with that name. Instead of hard switching. 0:12:41.800 --> 0:12:43.720 Just a soft switch, little soft switch, And that maybe 0:12:43.720 --> 0:12:46.400 that I think people are obvious always, or that's maybe 0:12:46.440 --> 0:12:48.800 one of the pushbacks we get is like, oh, gosh, guys, 0:12:49.000 --> 0:12:51.719 switching banks is a massive pain. Well, so what if 0:12:51.720 --> 0:12:54.080 you don't fully switch banks? But what if you open 0:12:54.520 --> 0:12:57.160 an account with an online bank that is better and 0:12:57.240 --> 0:13:00.440 you either slowly migrate over, making easing the try transition, 0:13:01.000 --> 0:13:04.600 or you just have both simultaneously. And you're like, well, 0:13:04.600 --> 0:13:07.920 this bank offers you free checks, and it offers a 0:13:07.920 --> 0:13:10.480 better higher interest rate, and it offers better customer service. 0:13:10.520 --> 0:13:12.720 So I'll do I'll take advantage of the things that 0:13:12.720 --> 0:13:15.320 they offer, but I'll keep maybe my crummy bank account 0:13:15.320 --> 0:13:16.800 that I've had for forever and so that I don't 0:13:16.800 --> 0:13:18.480 have to change everything all at once. 0:13:18.840 --> 0:13:20.400 I like that it gives you a longer amount of 0:13:20.400 --> 0:13:22.160 time to be able to get used to the new platform. 0:13:22.280 --> 0:13:23.800 How it is that they do things, because I think 0:13:23.840 --> 0:13:25.080 that's for a lot of folks, they just don't want 0:13:25.080 --> 0:13:27.080 to have to learn the new system. Like everyone's just 0:13:27.160 --> 0:13:30.439 used to the status quo and keeping their their financial 0:13:30.480 --> 0:13:33.800 equilibrium for a lack of a better term, joll, how 0:13:33.840 --> 0:13:35.719 do you feel about what prices have been How do 0:13:35.760 --> 0:13:39.400 you specifically feel about tariffs and enforcing the hand of 0:13:39.400 --> 0:13:41.320 the market and getting other countries to pay the high 0:13:41.320 --> 0:13:42.480 prices in. 0:13:42.520 --> 0:13:44.880 Order to bolster US manufacturing. And I've talked about this 0:13:44.920 --> 0:13:45.920 a little bit on the show. I think it's so 0:13:45.960 --> 0:13:49.000 fascinating that so many people who were anti tariffs and 0:13:49.000 --> 0:13:52.440 pro free markets started to buy into the fact that, like, oh, yeah, 0:13:52.440 --> 0:13:55.120 tariffs are the solution, it's to all the ales that 0:13:55.160 --> 0:13:57.360 we face. And I just don't think they are. And 0:13:57.400 --> 0:13:58.920 I think are finally starting to catch up with us. 0:13:58.920 --> 0:14:02.480 I had as prices are solely starting to catch up prices, right, 0:14:02.559 --> 0:14:05.000 that's right. And I was hanging out with a friend 0:14:05.280 --> 0:14:07.640 recently and he was talking about a big company that 0:14:07.679 --> 0:14:10.480 he works for, a water sports company, and you would 0:14:10.480 --> 0:14:13.240 recognize the name. They make a lot of stuff, and 0:14:13.320 --> 0:14:16.720 he said he was talking about the impact of tariffs 0:14:16.720 --> 0:14:19.440 on the company, and he's like, we've been eating the tariffs, 0:14:19.520 --> 0:14:22.080 like we've had to, you know, reduce staff, We've had 0:14:22.080 --> 0:14:25.480 to really watch costs. It's been it's been really like 0:14:25.560 --> 0:14:28.880 tough sledding. And we're not a big enough company where 0:14:28.920 --> 0:14:31.880 we have the ear of the president to roll back 0:14:31.920 --> 0:14:35.200 tariffs on our specific items that we're that we're working on, 0:14:35.480 --> 0:14:37.840 and so it's been He's like, well, pretty soon those 0:14:37.880 --> 0:14:39.560 prices are going to have to go up like they 0:14:39.600 --> 0:14:41.480 just are. And and so I think we're starting to 0:14:41.520 --> 0:14:44.280 finally see that that pre buying of the inventory has 0:14:44.480 --> 0:14:45.360 It takes a while old. 0:14:45.440 --> 0:14:46.840 Yeah, it takes a while for to trickle through the 0:14:46.840 --> 0:14:50.680 system before, like the information, like the feedback loop. 0:14:50.840 --> 0:14:51.360 It takes. 0:14:51.440 --> 0:14:53.280 It's not something that you can measure within a couple months. 0:14:53.480 --> 0:14:55.600 In a few months, it's gonna Yeah, I would not 0:14:55.640 --> 0:14:58.760 be surprised to see things change dramatically if we're not 0:14:59.040 --> 0:15:02.520 wanting to continue to see prices rise well without an 0:15:02.560 --> 0:15:03.000 end insight. 0:15:03.080 --> 0:15:05.360 I think the place where we've seen maybe the most 0:15:05.360 --> 0:15:08.840 impact of tariffs more quickly has been at the grocery store, 0:15:09.160 --> 0:15:12.280 and at least like the President is starting to realize 0:15:12.280 --> 0:15:16.760 that higher prices at the grocery store are annoying Americans, 0:15:16.840 --> 0:15:20.640 that they're frustrated by paying more for things like bananas 0:15:20.680 --> 0:15:25.320 and coffee and beef, and so this he just opted, 0:15:25.360 --> 0:15:27.200 I think it was Friday after our show came out. 0:15:27.240 --> 0:15:29.680 Matt he said that he's going to roll back tariffs 0:15:30.040 --> 0:15:33.080 at the grocery store on specific items, on dozens of items. 0:15:33.280 --> 0:15:35.840 And so it feels like this like tacit acknowledgment. I'm 0:15:35.840 --> 0:15:38.360 not going to say it out loud, but yeah, I 0:15:38.400 --> 0:15:40.360 guess they are causing higher prices. So I'm going to 0:15:40.440 --> 0:15:43.480 roll them back on some things that people notice on 0:15:43.640 --> 0:15:46.080 when they're going, you know, because we buy groceries multiple 0:15:46.120 --> 0:15:49.240 times a week typically, and so yeah, in some categories 0:15:49.280 --> 0:15:52.800 in particular, inflation has been incredibly high. Steak, coffee, bananas, 0:15:52.920 --> 0:15:55.240 and oh well, guess what, we can't grow much coffee 0:15:55.240 --> 0:15:57.080 in the United States. Oh guess what, we can't really 0:15:57.120 --> 0:16:00.400 grow bananas in the United States. So all the tariffs 0:16:00.400 --> 0:16:02.400 were doing with leading to higher prices. It was attax 0:16:02.760 --> 0:16:07.720 on consumers and people. We are frustrated to see steak 0:16:07.840 --> 0:16:10.320 costing twenty dollars a pound when it costs twelve dollars 0:16:10.360 --> 0:16:13.960 a pound in January, and so, yeah, the tariffs jack 0:16:14.040 --> 0:16:16.120 up prices across the board. It's good to see at 0:16:16.240 --> 0:16:19.120 least a little recognition of that from the White House. 0:16:19.480 --> 0:16:21.360 It'd be nice if we didn't have a willy nilly 0:16:21.520 --> 0:16:24.920 tariff regime going on, but at least we will see 0:16:24.960 --> 0:16:26.320 some relief on some of these items. 0:16:26.400 --> 0:16:30.320 Yeah, basically, tariffs act as attacks to us as US consumers, 0:16:30.360 --> 0:16:33.520 which just basically make things more expensive. But consumers, we 0:16:33.520 --> 0:16:36.320 can't do much about higher prices that stem from bad 0:16:36.360 --> 0:16:41.240 policy specifically, but folks are reacting intelligently by spurning beef 0:16:41.600 --> 0:16:45.440 instead for chicken. So Tyson reported that beef sales continued 0:16:45.480 --> 0:16:49.920 to decline, and chicken is through the roof. It's rising 0:16:50.360 --> 0:16:53.640 quite significantly in popularity. It's up twenty eight percent year 0:16:53.680 --> 0:16:57.280 over year, which makes sense when a whole chicken is 0:16:57.560 --> 0:16:59.640 like a fraction of the cost of beef. I think 0:16:59.640 --> 0:17:02.080 it's something like ninety nine cents a pound as opposed 0:17:02.120 --> 0:17:04.800 to ground beef, which is around six dollars per pound. 0:17:04.960 --> 0:17:06.480 But Jill, you know, one of the other ways that 0:17:06.840 --> 0:17:10.119 you can combat the high prices of beef and specifically 0:17:10.160 --> 0:17:13.240 steak is to get in on sale, and this is something. 0:17:13.520 --> 0:17:15.520 This is I'm going to celebrate a little Costco win, 0:17:16.480 --> 0:17:20.720