WEBVTT - How to Save on a Phone Upgrade #039 0:00:00.120 --> 0:00:03.480 Welcome to How the Money. I'm Joel, I'm Matt, and 0:00:03.520 --> 0:00:26.040 today we're discussing how to save money on a new phone. Joel, 0:00:26.280 --> 0:00:29.240 how's it going, man? Fantastic, buddy. I was reading a 0:00:29.320 --> 0:00:33.239 scene in Money article and they were talking about financial independence, 0:00:33.240 --> 0:00:37.599 which is interesting to start to see mainstream media outlets 0:00:37.680 --> 0:00:41.080 covering financial independence. Right Wait, I thought CNN was fake news. 0:00:42.120 --> 0:00:45.839 They are all right, yeah, yeah, So this in the 0:00:45.880 --> 0:00:48.800 New York Times like kind of started this domino effect. 0:00:48.960 --> 0:00:50.760 They done it as well. Yeah, so nice. Well, so 0:00:50.840 --> 0:00:53.120 that's where there was an article a few weeks ago 0:00:53.400 --> 0:00:55.520 about some of our friends that we know in the 0:00:55.680 --> 0:00:58.640 in the movement, Mr fIF hundred, who's donated beers for 0:00:58.800 --> 0:01:00.960 this podcast. Yeah, that's right, was featured in the New 0:01:01.040 --> 0:01:03.279 York Times. Carl, Yeah, and so I feel like it's 0:01:03.280 --> 0:01:05.600 just cascading effects. Will tell me about this money. So 0:01:05.640 --> 0:01:08.959 they were addressing early financial independence and how it's achievable, 0:01:08.959 --> 0:01:10.520 and they you know, they gave examples of if you 0:01:10.520 --> 0:01:12.480 make fifty dollars, this is what you're gonna have to do. 0:01:12.600 --> 0:01:15.480 If you want to retire and say ten years, or 0:01:15.560 --> 0:01:17.360 if you make a hundred thousand dollars, this is what 0:01:17.400 --> 0:01:19.560 you'll have to do. They just essentially gave a bunch 0:01:19.560 --> 0:01:21.840 of examples. It was an okay article. Yeah, But what 0:01:21.880 --> 0:01:25.680 I found most interesting is that they linked to the 0:01:25.720 --> 0:01:29.920 financial independence calculator that we've recommended in the past, the 0:01:29.959 --> 0:01:33.440 net worth of five one. Yeah, that's awesome, and I 0:01:33.440 --> 0:01:36.080 don't know something about that, seeing how this is something 0:01:36.120 --> 0:01:37.759 that we've talked about, and like you said, it's something 0:01:37.800 --> 0:01:41.520 that's sort of catching on in the mainstream. And maybe 0:01:41.600 --> 0:01:43.679 what I'm saying is that you don't need CNN because 0:01:44.120 --> 0:01:47.240 that's what we're talking about and to us instead. Yeah. 0:01:47.280 --> 0:01:49.480 The thing is, it's sadly when when a lot of 0:01:49.520 --> 0:01:53.960 these major publications cover financial independence, they completely seem to 0:01:53.960 --> 0:01:56.280 get it wrong. And the way they covered it's like 0:01:56.320 --> 0:01:59.080 this this novelty, or the way they describe it. I 0:01:59.080 --> 0:02:00.720 feel like they missed the art of it so much 0:02:00.720 --> 0:02:03.360 of the time. So I would rather, you know, if 0:02:03.360 --> 0:02:05.840 I were wanting to know more about financial independence or 0:02:05.920 --> 0:02:09.120 some great podcasts out there. There's some great blogs. There's 0:02:09.160 --> 0:02:11.760 just so many good resources that I feel like in 0:02:11.800 --> 0:02:14.200 New York Times or a scene in Money article, they 0:02:14.240 --> 0:02:16.600 kind of let the casual reader know, Hey, this is 0:02:16.639 --> 0:02:19.680 something that exists. But it's not very compelling. Yeah, that's 0:02:19.680 --> 0:02:21.320 the only thing the casual reader is going to know 0:02:21.360 --> 0:02:23.519 about financial independence, and they're going to kind of miss 0:02:23.560 --> 0:02:26.600 the boat because you to know what it really is, truly, 0:02:26.880 --> 0:02:28.760 I feel like you have to listen to the people 0:02:28.800 --> 0:02:31.280 that are actually living it, and just those quick interviews 0:02:31.440 --> 0:02:34.320 just like anything else, right, a quick interview, a couple 0:02:34.320 --> 0:02:36.840 of quotes, you're just not gonna understand what it's all about. 0:02:36.960 --> 0:02:39.560 And that's why I think the comments section on you 0:02:39.560 --> 0:02:42.040 know articles that just like in the New York Times, 0:02:42.080 --> 0:02:43.760 so I'm sure it was the same on the CNN 0:02:43.800 --> 0:02:47.160 money article, the comment sections can just be terrible because 0:02:47.200 --> 0:02:49.639 folks like ripped into it because they're saying, oh, I 0:02:49.680 --> 0:02:51.799 can retire in five years. Sure if I live off 0:02:51.880 --> 0:02:55.120 seven thousand dollars for the year, which is the example 0:02:55.120 --> 0:02:56.919 that they gave. It was like seven or nine thousand 0:02:56.960 --> 0:02:59.079 dollars for the year, and they're like, granted, this is 0:02:59.120 --> 0:03:02.960 pretty extreme, but that's doable. Nothingk Most people, even us 0:03:02.960 --> 0:03:07.639 would say, man, that is crazy. Yeah, and discouraging at 0:03:07.680 --> 0:03:09.680 the same time, no doubt. Yeah, But I think that 0:03:09.800 --> 0:03:12.120 the problem with those articles is, yeah, they they either 0:03:12.160 --> 0:03:14.480 go to extreme or they have a couple of fifthy 0:03:14.560 --> 0:03:17.520 quotes and it's just hard for the new reader to 0:03:18.040 --> 0:03:20.440 understand it, and so they usually write it off wholesale 0:03:20.680 --> 0:03:23.120 without thinking about it. And the bummer is there's so 0:03:23.160 --> 0:03:26.360 many great people in the space and financial independence. We 0:03:26.400 --> 0:03:28.080 think it is a worthy goal, and we covered that 0:03:28.120 --> 0:03:30.920 on a recent episode of the show, right, And there's 0:03:30.960 --> 0:03:32.440 just a lot that you have to think through when 0:03:32.440 --> 0:03:35.040 it comes to that though, because it is this more 0:03:35.080 --> 0:03:37.560 than just being smart with your money. It is kind 0:03:37.560 --> 0:03:40.040 of wholesale life changes that you have to make in 0:03:40.120 --> 0:03:42.520 order to think about financial independence well. And so we 0:03:42.560 --> 0:03:45.200 want people to start thinking differently about the way they 0:03:45.200 --> 0:03:48.280 live life, not just deciding that they need to say 0:03:48.360 --> 0:03:51.800 fift what they make starting tomorrow. Um. So, yeah, it's 0:03:51.800 --> 0:03:54.680 interesting that it's coming into the mainstream, but also I 0:03:54.720 --> 0:03:57.080 don't expect a whole lot of new converts because usually 0:03:57.120 --> 0:04:00.480 those articles are poorly done. But yeah, you mentioned the 0:04:00.520 --> 0:04:03.840 financial independence episode that we recently recorded. If you are 0:04:03.880 --> 0:04:06.119 interested in that and our thoughts on that, listen back. 0:04:06.160 --> 0:04:08.840 That was gosh, maybe a few weeks ago. You'll be 0:04:08.840 --> 0:04:11.040 able to find that one. Yeah, Matt, I wanted to 0:04:11.120 --> 0:04:13.960 let you know real quick that I am just about 0:04:13.960 --> 0:04:16.200 to sign a new lease on one of my rental properties, 0:04:16.960 --> 0:04:19.280 and so I don't know how you feel time a 0:04:19.360 --> 0:04:22.039 year two uh, get a new tenant in, right? It is? Yeah, 0:04:22.080 --> 0:04:24.920 I hate I hate running out a house kind of 0:04:24.920 --> 0:04:27.080 in the late fall, kind of going into winter. But 0:04:27.279 --> 0:04:29.559 fortunately I found a good tenant. I ended up letting 0:04:29.560 --> 0:04:32.320 my current tenants go month to month because they've been 0:04:32.360 --> 0:04:33.880 so good and they were shopping for a house and 0:04:33.920 --> 0:04:35.839 I wanted to, you know, kind of kind of be 0:04:35.920 --> 0:04:38.120 kind to them in that way. And it worked out. 0:04:38.120 --> 0:04:40.120 They found something right around the corner from from us. 0:04:40.160 --> 0:04:42.640 Actually they're staying in the neighborhood. Uh. Found some good 0:04:42.640 --> 0:04:45.200 new new tenants and I'm doing my first ever two 0:04:45.320 --> 0:04:48.000 year lease, which I'm excited about. And I wanted to 0:04:48.040 --> 0:04:49.960 mention this one thing. And I feel like you and 0:04:49.960 --> 0:04:52.040 I have had the same experience in this. One of 0:04:52.120 --> 0:04:54.800 the common mantras of real estate investors is that you 0:04:54.880 --> 0:04:57.120 hadn't kind of have to build in a certain amount 0:04:57.160 --> 0:04:59.760 of vacancy time for your properties. Right, I think to 0:04:59.880 --> 0:05:04.360 the they say five for the year, Yeah, lost in vacancy. 0:05:04.440 --> 0:05:06.800 So you're talking about essentially building in a month where 0:05:06.839 --> 0:05:09.240 you're house or a part better or whatever it is 0:05:09.240 --> 0:05:11.000 is not rented. I don't know about you, man, but 0:05:11.040 --> 0:05:14.680 I literally have never had a day of vacancy on 0:05:14.720 --> 0:05:16.800 any of my properties. And I'm kind of anal about it. 0:05:16.839 --> 0:05:19.440 Like if if if my tenant current tenants moving out 0:05:19.480 --> 0:05:21.800 on the on the thirty, if I want my next 0:05:21.800 --> 0:05:23.719 one in on the first, and I will work until 0:05:24.320 --> 0:05:27.000 three am in order to make sure that the pain 0:05:27.120 --> 0:05:30.479 is touched up, everything's clean, uh and and completely ready 0:05:30.480 --> 0:05:31.800 for the next tenant to come in. And I just 0:05:31.800 --> 0:05:34.320 want to let people know out there, like I think 0:05:34.320 --> 0:05:36.800 it's probably wise right to to figure that in into 0:05:36.839 --> 0:05:39.320 your metrics when you're thinking about buying a rental property, 0:05:39.480 --> 0:05:41.600 you know, factor in a little bit of that of 0:05:42.120 --> 0:05:44.480 that downtime. But yeah, I mean if you're busting it out, 0:05:44.520 --> 0:05:46.200 then that's money in your pocket, right, That's those are 0:05:46.200 --> 0:05:48.640 expenses that you don't have to swallow. And you know 0:05:48.680 --> 0:05:50.440 on the rentals that some of the rentals we have, 0:05:50.480 --> 0:05:52.839 that's we're looking at close to seventy bucks a day 0:05:52.880 --> 0:05:56.480 that we'd be missing out on. So, man, I'm completely 0:05:56.520 --> 0:05:59.120 with you. So in five years, same thing, we have 0:05:59.240 --> 0:06:03.400 never had a single day where there wasn't at least 0:06:03.400 --> 0:06:06.120 signed like they didn't necessarily move in right away. But yeah, 0:06:06.160 --> 0:06:08.240 I'm with you, man, I want it to be, if 0:06:08.240 --> 0:06:10.720 not the very next day like they're being one day, uh, 0:06:10.960 --> 0:06:13.000 lag in between, and have the cleaner set up, have 0:06:13.120 --> 0:06:15.400 any any other work that needs to be done scheduled 0:06:15.560 --> 0:06:18.800 on that day. That way, yeah, the least can pick 0:06:18.880 --> 0:06:21.400 up right where the other one left off. You're maximizing 0:06:21.480 --> 0:06:24.320 that revenue from that property. Man, I'm I'm totally with you. 0:06:24.320 --> 0:06:26.200 That's funny. I don't think we've ever talked about that before, 0:06:26.240 --> 0:06:29.000 but because they do say that, Yeah, they say build 0:06:29.040 --> 0:06:32.840 in vacancy time, and that's built into my equations. Uh, 0:06:32.920 --> 0:06:34.919 but in reality, we try to know we crank it 0:06:34.920 --> 0:06:36.720 out even more. Yeah, man, So I just want to 0:06:36.760 --> 0:06:39.400 encourage people outsides. There are a lot of reasons, I 0:06:39.440 --> 0:06:42.480 think a lot of common reasons that people decide not 0:06:42.640 --> 0:06:45.680 to get into the rental property game, and you know, 0:06:45.720 --> 0:06:47.600 one of them is tenant horror stories. And I think 0:06:47.600 --> 0:06:49.159 there's a lot of ways to prevent that. And we 0:06:49.200 --> 0:06:51.479 need to do a podcast specifically about that coming up soon. 0:06:52.040 --> 0:06:53.479 I'd love to do that because I think there are 0:06:53.480 --> 0:06:54.800 a lot of ways that you and I built in 0:06:54.839 --> 0:06:56.560 to find good tenants, to make sure we have good 0:06:56.600 --> 0:06:59.280 tenants in there every time. But then the other thing is, well, 0:06:59.279 --> 0:07:01.040 what about these things You're gonna cost me money. And 0:07:01.040 --> 0:07:04.440 one of the biggest things is having your home, your apartment, 0:07:04.480 --> 0:07:07.920 whatever it is, vacant for for a while. And you 0:07:08.200 --> 0:07:10.800 want to avoid that. And so I think, uh, doing 0:07:10.800 --> 0:07:13.440 it like this and and and just forcing yourself to 0:07:13.440 --> 0:07:16.040 to have that essentially really hard day where one tenant 0:07:16.080 --> 0:07:17.960 moves out and you get in there and get it clean, 0:07:18.040 --> 0:07:19.880 get it ready for the next person, make sure it's 0:07:20.040 --> 0:07:22.720 tip top shape. I think you can do that. And uh, 0:07:22.800 --> 0:07:24.720 and I think that's just a good gold gold to 0:07:24.800 --> 0:07:27.120 set when you're turning over a rental property. Yeah, man, 0:07:27.120 --> 0:07:29.680 that's right. And see tonight we're drinking a beer by 0:07:29.680 --> 0:07:33.040 New Belgium. It is uh the French oak says on 0:07:33.680 --> 0:07:36.720 it is a barrel age sour farmhouse sale. I found 0:07:36.760 --> 0:07:38.760 it on the discount shelf and we will give you 0:07:38.800 --> 0:07:41.240 the tasting notes at the end of the episode. You 0:07:41.280 --> 0:07:44.160 love getting those deals, man, you know what, Buddy, Yes, 0:07:44.240 --> 0:07:46.240 So onto the topic at hand, Matt, how to save 0:07:46.320 --> 0:07:49.360 money on a new phone. The newest iPhone just came 0:07:49.400 --> 0:07:52.920 out and it's really expensive. It's more expensive than any 0:07:52.920 --> 0:07:57.840 other iPhone ever released, and the top model costs anywhere 0:07:57.840 --> 0:08:02.200 from eleven dollars. That's a lot of money. That's the 0:08:02.480 --> 0:08:05.200 X something Max. I don't even know. Man, there's all 0:08:05.240 --> 0:08:07.560 these letters, like all the letters and abbreviations. It's like 0:08:07.600 --> 0:08:10.880 a it's like a degree. It's like the iPhone raised 0:08:10.880 --> 0:08:13.800 to the third power with the pH pH Max. It's 0:08:13.800 --> 0:08:16.400 funny to me that the that the iPhone releases are 0:08:16.440 --> 0:08:20.040 still as popular as they are, the media seems to 0:08:20.080 --> 0:08:22.840 cover them like it's still an event. Dude, it's a 0:08:22.920 --> 0:08:25.640 huge deal. It's it's insane, and if anything, I feel 0:08:25.680 --> 0:08:27.280 like it's kind of ramped back up. I think there's 0:08:27.320 --> 0:08:29.080 a period there in the middle where it wasn't as 0:08:29.120 --> 0:08:30.960 big of a deal, but lately, like the past couple 0:08:31.080 --> 0:08:33.559 to three years or to three releases, it's blown back 0:08:33.600 --> 0:08:35.400 up again. I feel like I hear more and more 0:08:35.400 --> 0:08:37.800 folks talking about it and where they're essentially going to 0:08:37.880 --> 0:08:40.880 tell us the really small incremental changes they made to 0:08:40.960 --> 0:08:43.320 the phone that looks exactly the same as the previous generation. 0:08:43.640 --> 0:08:45.839 It's it's just crazy, and they're charging so much money 0:08:45.880 --> 0:08:48.120 for these phones. Uh and So the problem is that 0:08:48.160 --> 0:08:50.920 cell phones are getting more and more expensive, as evidence 0:08:51.000 --> 0:08:54.920 by the newest iPhone and by the Samsung phones. These 0:08:55.120 --> 0:08:58.120 top end phones are getting really, really expensive. But at 0:08:58.120 --> 0:09:01.120 the same time, there are a lot of really great 0:09:01.120 --> 0:09:03.360 phones at really reasonable prices, And we'll kind of get 0:09:03.400 --> 0:09:05.520 into that a little bit later in this episode. I 0:09:05.520 --> 0:09:07.120 think one of the reasons too that they're getting more 0:09:07.120 --> 0:09:10.760 expensive is it's natural, right, Like they're tiny little computers, 0:09:10.800 --> 0:09:13.319 and more and more these phones are smartphones are able 0:09:13.360 --> 0:09:16.320 to do incredible things that we didn't Everything was possible, 0:09:16.880 --> 0:09:19.480 and some folks are even foregoing getting a computer at 0:09:19.480 --> 0:09:21.800 home at all. Right, you just have your work computer, 0:09:21.880 --> 0:09:23.400 say even if you go in or sometimes you have 0:09:23.400 --> 0:09:25.480 a laptop or something like that. But then you've got 0:09:25.520 --> 0:09:27.720 your phone, and everybody works from your phone, and you 0:09:27.760 --> 0:09:29.520 do everything from your phone because it's easy you can 0:09:29.520 --> 0:09:32.760 stick in your pocket. And so from that standpoint, I 0:09:32.840 --> 0:09:36.360 kind of get it. Because sure phones are getting more expensive, 0:09:36.400 --> 0:09:38.599 they're also doing way more. Yeah, there used to be 0:09:38.640 --> 0:09:40.160 a lot of things that you wouldn't do on your 0:09:40.160 --> 0:09:42.319 phone that you would actually go to a laptop or 0:09:42.360 --> 0:09:45.000 desktop four right, or go to your actual flashlight, you know, 0:09:45.240 --> 0:09:48.839 like yeah, flashlight on my phone? Who does that anymore? Though? 0:09:49.360 --> 0:09:52.719 I use my phone flashlight so much. Shame here. I 0:09:52.920 --> 0:09:54.720 sometimes I won't even flip on the light switch like 0:09:54.800 --> 0:09:57.320 at the house because I'm just like, I don't want 0:09:57.360 --> 0:09:58.560 to tump on the lights. I just want to see 0:09:58.559 --> 0:10:01.360 where my my cup is so I can get some water. Yeah. Yeah, 0:10:01.360 --> 0:10:04.760 so I mean, I I swear I'm signing documents and 0:10:04.760 --> 0:10:07.520 and doing all sort of like real estate transactions like 0:10:07.720 --> 0:10:09.559 on my phone. Now where I used to go sit 0:10:09.600 --> 0:10:11.640 down at a at a desktop computer to do those things. 0:10:11.640 --> 0:10:12.679 I used to be like, all right, I gotta get 0:10:12.720 --> 0:10:15.120 my computer out, And now your phone it's just easy 0:10:15.200 --> 0:10:17.679 to do all those things. Yeah. But the crazy thing 0:10:17.720 --> 0:10:19.240 is at the same time that these high end phones 0:10:19.280 --> 0:10:21.920 are getting more expensive, and granted, they can do more, 0:10:22.240 --> 0:10:25.080 but there are cheaper phones that can do just as much, 0:10:25.720 --> 0:10:28.480 that have essentially the same capability, but they are a 0:10:28.559 --> 0:10:30.600 quarter of the price. And so we wanted to talk 0:10:30.600 --> 0:10:33.320 about this because there are a lot of reasons that 0:10:33.640 --> 0:10:36.600 consumers are falling prey to spending more money on the phone, 0:10:36.960 --> 0:10:39.080 and part of that is advertising. A lot of that 0:10:39.160 --> 0:10:41.640 is this need for the latest technology and fear of 0:10:41.640 --> 0:10:44.280 missing out right on the newest phone, and if they 0:10:44.280 --> 0:10:47.640 don't have that, somehow their inferior to their friends or 0:10:47.720 --> 0:10:50.040 other people around them that do have the coolest new phone. 0:10:50.200 --> 0:10:52.920 It's it's become more of like a status symbol, really, dude. 0:10:52.920 --> 0:10:55.600 I totally agree with that, especially as I feel like 0:10:55.640 --> 0:10:58.280 cars are becoming less the sort of status symbol because 0:10:58.920 --> 0:11:01.640 our generation just doesn't driving as much, or because we're 0:11:01.679 --> 0:11:03.480 living in cities, we we don't quite have the need 0:11:03.559 --> 0:11:07.040 for cars. And yeah, phones, man, phones are totally becoming 0:11:07.360 --> 0:11:11.079 a status symbol. Another reason, too, is that manufacturers phonemakers 0:11:11.160 --> 0:11:16.240 are planning in obsolescence with phones just little pieces of 0:11:16.280 --> 0:11:20.079 technology that could make phones better. It's like, well, maybe 0:11:20.080 --> 0:11:21.520 it'll make it better. Let's just go ahead and plant 0:11:21.559 --> 0:11:24.040 it into the next generation of the phone. Right. So, 0:11:24.040 --> 0:11:26.520 I've always had iPhones, right, and I specifically think of 0:11:26.559 --> 0:11:29.719 the old charger, which was the thirty pin I think 0:11:29.800 --> 0:11:31.800 is what it was called, the old connection, and then 0:11:31.800 --> 0:11:34.200 they changed it to the lightning connector, which is cool. 0:11:34.240 --> 0:11:37.840 It's a lot smaller. Dude. I've had so many problems 0:11:38.000 --> 0:11:40.440 with the lightning connector, and I'm pretty sure it's because 0:11:40.440 --> 0:11:43.839 my kids put it in their mouth, but like something 0:11:43.880 --> 0:11:46.760 about it. It like short circuits and its. I've purchased 0:11:46.760 --> 0:11:50.160 so many, I've had to get so many new lightning chords, 0:11:50.200 --> 0:11:52.720 and I never had to get a new thirty pin 0:11:52.760 --> 0:11:55.880 connector for for a phone before the phone actually died. 0:11:55.920 --> 0:11:57.920 And let's be honest, Apple is probably making almost as 0:11:58.000 --> 0:12:00.559 much on preaking lightning cables as they are on the 0:12:00.600 --> 0:12:03.400 phones themselves, those in the little power blocks. No doubt, 0:12:03.720 --> 0:12:06.160 you don't need to get the latest and greatest phone, Matt, 0:12:06.200 --> 0:12:08.280 and I don't care what phones in your pocket. We 0:12:08.280 --> 0:12:09.920 actually hope that you have a cheaper phone, and we 0:12:10.000 --> 0:12:12.160 will laud you for it. So we wanted to encourage 0:12:12.200 --> 0:12:14.240 you don't need the latest and greatest and also give 0:12:14.280 --> 0:12:16.720 you some tips on how to save on that upgrade 0:12:16.720 --> 0:12:18.960 when you do decide to get a new phone. That's right, man, 0:12:19.000 --> 0:12:20.959 So let's go ahead and get to some of these 0:12:21.000 --> 0:12:23.000 tips might seem like a no brainer. But keep your 0:12:23.000 --> 0:12:27.199 phone as long as possible. Phono grades are happening on 0:12:27.559 --> 0:12:32.719 shorter and shorter cycles, right, and everybody does naturally want 0:12:32.760 --> 0:12:35.920 the latest and greatest. Fight that urge, you know, resistant. 0:12:35.920 --> 0:12:38.679 We talk a lot about swimming up current, you know, 0:12:38.720 --> 0:12:41.760 like the little salmon kind of swimming up upstream. Don't 0:12:41.840 --> 0:12:44.720 get sort of swept away by advertising and the consumer culture. 0:12:45.000 --> 0:12:47.560 Just resist it. It's probably not even something you realize 0:12:47.600 --> 0:12:50.040 you needed, you know, until you see that there's a 0:12:50.080 --> 0:12:52.400 new one. It's it's one of those things where you 0:12:52.440 --> 0:12:54.440 find a reason to get it, and it can be 0:12:54.480 --> 0:12:57.960 so easy just to fall into those sort of consumeristic ways. 0:12:58.320 --> 0:13:00.000 I want to say to a new to youth phone 0:13:00.000 --> 0:13:02.920 own feels new. And I was really encouraged by a 0:13:02.960 --> 0:13:04.920 friend recently. I saw them post that they bought the 0:13:05.000 --> 0:13:08.079 iPhone Success right even after the iPhone tin just came 0:13:08.120 --> 0:13:10.680 out or whatever it is, and it seems so far away, 0:13:10.720 --> 0:13:13.720 like six, seven, eight nine, Now, like how many years 0:13:13.760 --> 0:13:15.679 has it been? How old is that phone? In actuality? 0:13:15.800 --> 0:13:18.120 What's crazy is that it hasn't been that long, right, 0:13:18.160 --> 0:13:20.880 The six only came out I think like two maybe 0:13:21.120 --> 0:13:23.720 three years ago they announced it. But what they just 0:13:23.720 --> 0:13:26.240 announced the replacements of the tin, And so it makes 0:13:26.280 --> 0:13:28.480 it sound like it's, oh, you've got the six, what 0:13:28.600 --> 0:13:31.920 is that like five years old? Yeah? But it's not right. 0:13:31.920 --> 0:13:34.680 So she so she ditched the success and uh and 0:13:34.679 --> 0:13:38.080 and she had the five before that, and just she 0:13:38.200 --> 0:13:40.440 was talking about how awesome it was to have this 0:13:40.520 --> 0:13:43.520 newer phone that you was lighter and did a lot, 0:13:43.559 --> 0:13:44.960 I had a lot more features than the phone that 0:13:45.000 --> 0:13:48.000 she previously had. And so for most people out there, 0:13:48.000 --> 0:13:50.480 I want to say, a new to you phone like 0:13:50.520 --> 0:13:52.640 a success cost very little. Now it's like a hundred 0:13:52.640 --> 0:13:54.640 and seventy five dollars if you find one on sale, 0:13:54.920 --> 0:13:58.079 and you can find something like that and be just 0:13:58.120 --> 0:14:00.240 as wild when you get it in your hands because 0:14:00.240 --> 0:14:02.280 it's new to you. I also want to say no 0:14:02.400 --> 0:14:04.520 when and where to buy if your phone is getting 0:14:04.520 --> 0:14:07.160 long in the tooth, try to purchase a new one 0:14:07.240 --> 0:14:09.600 around Black Friday or Cyber Monday when there are lots 0:14:09.640 --> 0:14:13.199 of deals. And so I did this last Black Friday. 0:14:13.240 --> 0:14:15.480 I bought an l g G six because I'm an 0:14:15.480 --> 0:14:18.920 Android guy on like Matt Apple for life. That's me, man, 0:14:20.160 --> 0:14:23.160 what HAPs dude, that's why you're wearing your trible neck tonight. 0:14:23.240 --> 0:14:26.800 Huh with my wire frame glasses. Yeah, it would be 0:14:26.840 --> 0:14:29.240 just like Steve. So I got this sweet LGG six, 0:14:29.240 --> 0:14:32.040 which is like a five phone, for a hundred and 0:14:32.080 --> 0:14:35.120 twenty dollars. Last Black you actually almost swayed me over 0:14:35.240 --> 0:14:38.040 to the droid side last year because you're like, dude, 0:14:38.040 --> 0:14:39.560 this is a killer deal. And I looked at it 0:14:39.560 --> 0:14:43.000 and I said, dude, this is a killer deal and 0:14:43.120 --> 0:14:45.080 almost got it, but I didn't. Yeah, So my my 0:14:45.120 --> 0:14:47.120 phone was like literally just kind of on the fritz 0:14:47.200 --> 0:14:50.240 that week before, and it was just perfect timing where 0:14:50.400 --> 0:14:51.760 I was able to sign it for this, and it 0:14:51.800 --> 0:14:54.440 was a carrier specific deal. And Matt, we've mentioned this 0:14:54.480 --> 0:14:56.640 before on the show, and actually next week we're gonna 0:14:56.680 --> 0:14:58.760 talk about how to save money on a cell phone plan, 0:14:59.400 --> 0:15:01.640 but we're on brand and this was a Sprint specific 0:15:01.640 --> 0:15:03.760 cell phone deal. I got it for a hundred twenty bucks. 0:15:04.000 --> 0:15:06.920 It's still that phone is still selling like fours now. 0:15:07.000 --> 0:15:09.480 So I wanted to mention that where you buy and 0:15:09.480 --> 0:15:12.640 when you buy can have a really big influence on 0:15:12.680 --> 0:15:14.640 how much money you're gonna pay for that phone. Ye man, 0:15:14.640 --> 0:15:17.640 I actually have the iPhone SE and I got that 0:15:18.160 --> 0:15:20.680 on a Black Friday as well. Two years ago. I 0:15:20.720 --> 0:15:22.400 got it. There was a big sale and I got 0:15:22.440 --> 0:15:24.880 it either for one fifty or two hundred bucks. So 0:15:24.920 --> 0:15:27.560 Apple doesn't sell it anymore, but brand new on Amazon 0:15:27.600 --> 0:15:29.080 you can still get it and it's still two d 0:15:30.200 --> 0:15:33.000 which is insane. I basically got it at that price 0:15:33.040 --> 0:15:34.840 two years ago, and it's I mean, it's actually in 0:15:34.880 --> 0:15:37.480 pretty bad shape because I've dropped it a bunch and 0:15:37.520 --> 0:15:39.680 the screens cracked and the glasses falling out, that kind 0:15:39.680 --> 0:15:41.960 of stuff. But yeah, to know that I got such 0:15:41.960 --> 0:15:44.400 a good deal way back then, just yeah, it makes 0:15:44.400 --> 0:15:46.920 me happy even now. Yeah. One thing I want to 0:15:46.960 --> 0:15:49.160 say is a general rule of thumb that that is 0:15:49.160 --> 0:15:52.960 applicable most of the time. Don't buy a phone from 0:15:53.000 --> 0:15:55.800 your cell phone carrier. Now, the contracts are a thing 0:15:55.840 --> 0:15:58.080 of the past. Carriers are not the best place to 0:15:58.080 --> 0:16:00.920 get a phone. It's best to shop a round. Sites 0:16:00.960 --> 0:16:03.840 like best Buy and Amazon can often have cell phone deals, 0:16:04.080 --> 0:16:06.440 and one of the best websites, in my opinion and 0:16:06.560 --> 0:16:09.240 all of the Internet to find out about cell phone 0:16:09.240 --> 0:16:12.000 deals is a site called deal news dot com. So 0:16:12.040 --> 0:16:14.280 if you are specifically in the market for a cell phone, 0:16:14.720 --> 0:16:17.280 start perusing deal news and find out, you know, what 0:16:17.320 --> 0:16:20.200 are people charging and what phones are available on deals, 0:16:20.440 --> 0:16:23.560 and just be flexible. I think if you're flexible, that's 0:16:23.560 --> 0:16:25.960 how you're gonna find the best deals. Yeah, man, those 0:16:25.960 --> 0:16:28.000 are some great tips. Next, we're gonna talk about what 0:16:28.080 --> 0:16:30.040 to do with your old cell phone in order to 0:16:30.080 --> 0:16:32.360 kind of offset the cost of that new one. But 0:16:32.480 --> 0:16:43.440 first let's take a break, all right, man. So yeah, 0:16:43.520 --> 0:16:46.160 like we just said, selling your old phone is a 0:16:46.160 --> 0:16:48.640 way to offset the cost of a new phone. And 0:16:48.680 --> 0:16:50.080 there are a few different places where you can sell 0:16:50.120 --> 0:16:53.440 it yourself, places like eBay or a gazelle or even 0:16:53.440 --> 0:16:55.200 taking it to an echo a t M you know 0:16:55.200 --> 0:16:57.960 where they'll take your phone and recycling there for you. Uh, 0:16:57.960 --> 0:17:00.320 those are all all great options. However, you know eBay 0:17:00.320 --> 0:17:02.160 you're gonna get the most money, especially if you have 0:17:02.200 --> 0:17:05.000 an account or a user profile that you've had up 0:17:05.080 --> 0:17:07.480 for a while. Do you have a long standing eBay 0:17:07.480 --> 0:17:11.640 accountdroble with sweet feedback with the Stars. I have a 0:17:11.640 --> 0:17:14.080 long standing eBay account, and I have sold a few things, 0:17:14.200 --> 0:17:16.159 these things like I purchased more things on eBay than 0:17:16.200 --> 0:17:18.880 I sell, but enough to be able to sell things 0:17:18.880 --> 0:17:21.720 here and there. But I'm definitely not a mega seller. Nice. Yeah, 0:17:21.720 --> 0:17:23.120 I'm not a mega seller either. But for a while. 0:17:23.160 --> 0:17:25.760 They're in college, my my roommate Andrew and I got 0:17:25.840 --> 0:17:28.399 kind of got into a battle where where we were 0:17:28.440 --> 0:17:30.200 raising each other to get to the next star because 0:17:30.200 --> 0:17:33.400 they have like different color stars we're treating it like, um, 0:17:33.440 --> 0:17:35.320 you know, like different color belts in karate, like you 0:17:35.320 --> 0:17:37.119 get the green belt or like those I don't know. 0:17:37.119 --> 0:17:40.600 I don't know Karate guys like going Mario Kart on eBay. Dude, 0:17:40.600 --> 0:17:43.280 we totally like, guess what I just got the thirty 0:17:43.280 --> 0:17:47.439 transactions blue Star. It's like, you're such a nerd dude. 0:17:47.920 --> 0:17:50.119 But that being said, eBay, Yeah, you are probably gonna 0:17:50.119 --> 0:17:52.199 get the most bang for your buck there, especially if 0:17:52.200 --> 0:17:54.480 you can take a decent picture. We talk about Spring 0:17:54.520 --> 0:17:56.600 Cleaning your Life. That was an episode we did several 0:17:56.600 --> 0:17:58.840 months ago now back in the spring. But you're gonna 0:17:58.840 --> 0:18:01.720 be able to definitely get top dollar for your phone there. Yeah, 0:18:01.760 --> 0:18:03.640 eBay is going to be the place with the most buyers. 0:18:04.520 --> 0:18:07.040 There are great companies like Gazelle that make it super easy, 0:18:07.119 --> 0:18:09.239 Eco a t M as well, same kind of thing. 0:18:09.280 --> 0:18:10.879