1 00:00:02,720 --> 00:00:05,880 Speaker 1: Hi. This is Laura Vandercamp. I'm a mother of five, 2 00:00:06,160 --> 00:00:10,240 Speaker 1: an author, journalist, and speaker. And this is Sarah Hartunger. 3 00:00:10,480 --> 00:00:13,480 Speaker 1: I'm a mother of three, a practicing physician and blogger. 4 00:00:13,480 --> 00:00:15,800 Speaker 1: On the side, we are two working parents who love 5 00:00:15,840 --> 00:00:19,320 Speaker 1: our careers and our families. Welcome to Best of both Worlds. 6 00:00:19,600 --> 00:00:22,400 Speaker 1: Here we talk about how real women manage work, family, 7 00:00:22,560 --> 00:00:25,800 Speaker 1: and time for fun, from figuring out childcare to mapping 8 00:00:25,800 --> 00:00:28,360 Speaker 1: out long term career goals. We want you to get 9 00:00:28,400 --> 00:00:33,880 Speaker 1: the most out of life. Welcome the best of both worlds. 10 00:00:34,040 --> 00:00:37,120 Speaker 1: This is Laura. This is episode one hundred and ninety three, 11 00:00:37,280 --> 00:00:40,320 Speaker 1: which is airing in mid April of twenty twenty one. 12 00:00:40,520 --> 00:00:43,840 Speaker 1: We're going to be talking with Jesse from Wine App, 13 00:00:44,440 --> 00:00:48,000 Speaker 1: which is You Need a Budget, Sarah's favorite budgeting app, 14 00:00:48,040 --> 00:00:50,440 Speaker 1: and so we are very excited to have that. We 15 00:00:50,440 --> 00:00:53,320 Speaker 1: will also be on that podcast. Maybe we already have 16 00:00:53,400 --> 00:00:55,400 Speaker 1: been or we will be later. We're doing a podcast 17 00:00:55,440 --> 00:00:57,640 Speaker 1: trade off there. We always love doing those. We have 18 00:00:57,760 --> 00:00:59,640 Speaker 1: many of our favorite podcasts that we've been able to 19 00:00:59,640 --> 00:01:01,960 Speaker 1: do that, which has been a very exciting thing. With 20 00:01:02,240 --> 00:01:05,360 Speaker 1: doing Best of Both Worlds. We are actually back from 21 00:01:05,360 --> 00:01:08,800 Speaker 1: Spring Bank. Sarah, you have mid April spring breaks. No, 22 00:01:08,920 --> 00:01:11,679 Speaker 1: we will have just gotten back. Well, no, we're not 23 00:01:11,720 --> 00:01:13,399 Speaker 1: going away this year. What am I talking about? No? 24 00:01:13,560 --> 00:01:15,920 Speaker 1: I thought, you're right. I guess this is after a 25 00:01:15,920 --> 00:01:18,800 Speaker 1: spring break, but some people I guess have late maybe 26 00:01:18,840 --> 00:01:21,960 Speaker 1: mid April or late March. Either way that it would 27 00:01:21,959 --> 00:01:23,680 Speaker 1: be a fun thing to think about as most many 28 00:01:23,760 --> 00:01:25,560 Speaker 1: of us might be thinking more about next year than 29 00:01:25,560 --> 00:01:29,480 Speaker 1: we were about this year. Or maybe you just started 30 00:01:29,480 --> 00:01:33,840 Speaker 1: to think about summer travel. Oh yeah, you know, many 31 00:01:33,840 --> 00:01:37,240 Speaker 1: people decided not to do that last year, which kind 32 00:01:37,240 --> 00:01:40,080 Speaker 1: of made sense. We didn't go anywhere in twenty twenty, 33 00:01:40,680 --> 00:01:45,080 Speaker 1: and we have made the plunge to finally book a 34 00:01:45,760 --> 00:01:48,360 Speaker 1: VRBO up in Amelia Island, which is one of our 35 00:01:48,360 --> 00:01:51,720 Speaker 1: favorite places and it is my first VRBO experience. We 36 00:01:51,720 --> 00:01:55,120 Speaker 1: were going to do one in North Carolina in March 37 00:01:55,120 --> 00:02:00,160 Speaker 1: of twenty twenty. Understandably that didn't happen, but we look 38 00:02:00,160 --> 00:02:02,880 Speaker 1: a pretty disastrous trip in twenty nineteen with a toddler 39 00:02:02,880 --> 00:02:05,480 Speaker 1: in a hotel room, and we're like, wow, never doing 40 00:02:05,520 --> 00:02:08,480 Speaker 1: that again. And yet we didn't know at the time 41 00:02:08,520 --> 00:02:10,120 Speaker 1: that that was going to be our last family trip 42 00:02:10,120 --> 00:02:13,079 Speaker 1: for a very long time. So, you know, a lot 43 00:02:13,080 --> 00:02:15,480 Speaker 1: of time has passed. We no longer really have a toddler. 44 00:02:15,480 --> 00:02:18,720 Speaker 1: We have a you know, quasi preschooler, and we are 45 00:02:18,720 --> 00:02:20,000 Speaker 1: going to have a lot more space than we've ever 46 00:02:20,040 --> 00:02:22,560 Speaker 1: had on prior trip. So I'm pretty excited about it. 47 00:02:22,840 --> 00:02:24,640 Speaker 1: So I guess maybe I was thinking more about summer 48 00:02:24,639 --> 00:02:26,040 Speaker 1: plans and spring break, but a lot of people may 49 00:02:26,080 --> 00:02:28,080 Speaker 1: have just gotten back from spring break and maybe it 50 00:02:28,120 --> 00:02:30,400 Speaker 1: was their first time traveling in a long time, and 51 00:02:30,440 --> 00:02:33,640 Speaker 1: I'd be curious to have that that went for people. Yeah, 52 00:02:33,720 --> 00:02:36,520 Speaker 1: we're big fans of VRBO or Verbo or however they 53 00:02:36,600 --> 00:02:40,440 Speaker 1: say it, and home Away, which is the same parent that. 54 00:02:40,600 --> 00:02:44,320 Speaker 1: Because well, with the family of my size, it's hotel 55 00:02:44,400 --> 00:02:46,920 Speaker 1: rooms are hard. There are some so some of the 56 00:02:46,919 --> 00:02:50,600 Speaker 1: big resorts, for instance, have like two bedroom suites. I 57 00:02:50,639 --> 00:02:54,320 Speaker 1: know that Disney has a lot of those type things, 58 00:02:54,360 --> 00:02:57,000 Speaker 1: which we have definitely stayed in. You pay through the 59 00:02:57,000 --> 00:02:59,960 Speaker 1: nose for them, but they do exist. But in normal 60 00:03:00,080 --> 00:03:03,480 Speaker 1: sort of hotel situations, you have to get two rooms, 61 00:03:03,880 --> 00:03:06,880 Speaker 1: which is always complicated because then you know, you split 62 00:03:06,880 --> 00:03:09,400 Speaker 1: the parents and you split the kids, and you hope 63 00:03:09,440 --> 00:03:11,560 Speaker 1: you're next to each other. Sometimes you get the door 64 00:03:11,680 --> 00:03:14,120 Speaker 1: between them can open, and that's great, but sometimes you're 65 00:03:15,000 --> 00:03:18,600 Speaker 1: for whatever reason, on like different floors than the coordination 66 00:03:18,840 --> 00:03:24,000 Speaker 1: is just zero fun whatsoever. Sometimes it's even with fewer people. 67 00:03:24,040 --> 00:03:26,960 Speaker 1: When we went to London with the three big kids 68 00:03:27,040 --> 00:03:33,079 Speaker 1: in twenty eighteen, apparently in Greater London you you almost 69 00:03:33,240 --> 00:03:35,240 Speaker 1: can't have more than three people in a hotel room. 70 00:03:35,280 --> 00:03:37,640 Speaker 1: I don't know what the rules are there, why that 71 00:03:37,760 --> 00:03:40,480 Speaker 1: is as it is, but we absolutely could not book 72 00:03:40,520 --> 00:03:42,920 Speaker 1: anywhere for more than three people in a hotel room, 73 00:03:42,960 --> 00:03:44,280 Speaker 1: and so we had to get two and like I mean, 74 00:03:44,280 --> 00:03:46,440 Speaker 1: we were in like opposite sides of the hotel, going 75 00:03:46,520 --> 00:03:50,200 Speaker 1: up three four flights of stairs. So it's you know, 76 00:03:50,320 --> 00:03:52,560 Speaker 1: some places are not set up for that, whereas when 77 00:03:52,640 --> 00:03:55,600 Speaker 1: you rent a house you can get the space, and 78 00:03:55,640 --> 00:03:59,520 Speaker 1: so we have definitely booked a lot of vacation homes 79 00:03:59,640 --> 00:04:01,280 Speaker 1: that way. And then you know, you have the benefit 80 00:04:01,320 --> 00:04:04,960 Speaker 1: of having a kitchen, so you can have breakfast food. 81 00:04:04,960 --> 00:04:07,440 Speaker 1: For instance, these days you can get you know, groceries 82 00:04:07,480 --> 00:04:11,120 Speaker 1: delivered when you're showing up, and then you have groceries 83 00:04:11,160 --> 00:04:12,880 Speaker 1: and you don't have to go out for breakfast, which 84 00:04:12,920 --> 00:04:15,000 Speaker 1: it's fun to go out for breakfast, but may not 85 00:04:15,120 --> 00:04:18,880 Speaker 1: work into everything. I think you get old. You get old, 86 00:04:18,920 --> 00:04:21,720 Speaker 1: You're like, I just need a coffee, Like where is 87 00:04:21,760 --> 00:04:24,440 Speaker 1: it now? We're pretty excited, and it's just nice to 88 00:04:24,480 --> 00:04:27,240 Speaker 1: have like something planned after like such a long period 89 00:04:27,279 --> 00:04:30,039 Speaker 1: of not really feeling the freedom to plan anything. But 90 00:04:30,080 --> 00:04:34,000 Speaker 1: I feel this is quite safe. We are obviously vaccinated. 91 00:04:34,040 --> 00:04:38,159 Speaker 1: I'm hoping the travel guidelines will start to maybe have 92 00:04:38,279 --> 00:04:41,239 Speaker 1: a little more leeway so that people can feel really 93 00:04:41,320 --> 00:04:45,520 Speaker 1: good about doing more, but even without just getting out, 94 00:04:45,560 --> 00:04:48,479 Speaker 1: but driving to a villa on the beach seems like 95 00:04:48,760 --> 00:04:53,000 Speaker 1: a perfect, pretty pandemic proof getaway. So I'm very excited. Yeah, 96 00:04:53,080 --> 00:04:56,200 Speaker 1: So we ideally by the time this is airing, our 97 00:04:56,240 --> 00:04:58,599 Speaker 1: spring break will have been a bunch of day trips 98 00:04:59,320 --> 00:05:03,200 Speaker 1: in fill it in the north mid Atlantic Northeast area. 99 00:05:03,800 --> 00:05:06,640 Speaker 1: I know we're going to Gettysburg that we have tickets 100 00:05:06,640 --> 00:05:09,080 Speaker 1: for the museum, so you get a little Civil War 101 00:05:09,279 --> 00:05:14,359 Speaker 1: reenactment type fun and we will see about the cherry 102 00:05:14,360 --> 00:05:19,240 Speaker 1: blossoms in DC. So Pennsylvania relaxed our travel restrictions. I 103 00:05:19,240 --> 00:05:20,919 Speaker 1: know DC stills to have some, so we may not 104 00:05:20,960 --> 00:05:23,520 Speaker 1: be able to do it on that end, but we 105 00:05:23,640 --> 00:05:25,479 Speaker 1: had been you know, I was saying, well, if you 106 00:05:25,560 --> 00:05:28,880 Speaker 1: left the state for it, was more than twenty four hours. 107 00:05:28,920 --> 00:05:32,000 Speaker 1: But sometimes when people are a little unclear on that, 108 00:05:33,360 --> 00:05:36,520 Speaker 1: you had to quarantine or test what you can do. 109 00:05:36,720 --> 00:05:39,520 Speaker 1: We have tested upon returning to the state, but it 110 00:05:39,640 --> 00:05:43,479 Speaker 1: just adds a layer of complexity to it. So we 111 00:05:43,720 --> 00:05:45,800 Speaker 1: had originally planned to do some day trips in Pennsylvania, 112 00:05:45,839 --> 00:05:48,200 Speaker 1: also because I don't want to take Henry anywhere overnight. 113 00:05:48,240 --> 00:05:50,640 Speaker 1: I mean, it is hellish enough in our own house 114 00:05:51,040 --> 00:05:53,360 Speaker 1: with him right now, and so I'm pretty sure we 115 00:05:53,360 --> 00:05:55,400 Speaker 1: would wind up in the exact same situation that you 116 00:05:55,480 --> 00:05:58,960 Speaker 1: did in Amelia Island when Genevie was this age, right like, 117 00:05:59,040 --> 00:06:01,839 Speaker 1: she was what seventeen months and you had that yeah, 118 00:06:01,960 --> 00:06:03,640 Speaker 1: right around that I think she was about Yeah, I 119 00:06:03,680 --> 00:06:06,760 Speaker 1: think that's almost exactly right. And yeah, it's funny because 120 00:06:06,760 --> 00:06:09,600 Speaker 1: I was kind of like, well, from a travel perspective, 121 00:06:09,760 --> 00:06:12,920 Speaker 1: like I'm not that sad about missing that particular year 122 00:06:13,040 --> 00:06:15,840 Speaker 1: of travel for our family, like that actually worked out 123 00:06:15,880 --> 00:06:22,479 Speaker 1: for really good year to have off exactly exactly. All right, Well, 124 00:06:22,600 --> 00:06:24,599 Speaker 1: let's let's hear what the folks that you need a 125 00:06:24,600 --> 00:06:27,919 Speaker 1: budget have to say. Well, Sarah and I are delighted 126 00:06:27,920 --> 00:06:30,480 Speaker 1: to be here with Jesse Meekham, who is the founder 127 00:06:30,560 --> 00:06:34,720 Speaker 1: of wine App. You need a budget, so Jesse, tell 128 00:06:34,800 --> 00:06:38,240 Speaker 1: us a little bit about yourself and your family. I 129 00:06:38,320 --> 00:06:40,600 Speaker 1: started wineap back in two thousand and four when I 130 00:06:40,680 --> 00:06:44,640 Speaker 1: was studying to become an accountant, and my wife and 131 00:06:44,680 --> 00:06:49,040 Speaker 1: I got married early and we had our first early 132 00:06:49,080 --> 00:06:52,880 Speaker 1: as well, and when I felt like we needed to 133 00:06:52,960 --> 00:06:55,120 Speaker 1: make some more money, that was where That was how 134 00:06:55,160 --> 00:06:57,360 Speaker 1: wineapp was born. I thought we got to figure out 135 00:06:57,680 --> 00:07:00,840 Speaker 1: some way to make rent. So we we launched it 136 00:07:00,880 --> 00:07:03,240 Speaker 1: back when I still had a few years of school left, 137 00:07:03,839 --> 00:07:06,520 Speaker 1: and then I went off and became a CPA for 138 00:07:06,680 --> 00:07:09,520 Speaker 1: ten months. Actually I was officially at CPA for a year. 139 00:07:09,840 --> 00:07:11,600 Speaker 1: You just you have to renew it, and if you don't, 140 00:07:11,800 --> 00:07:14,800 Speaker 1: that's the end of that. So we didn't last long there. 141 00:07:14,880 --> 00:07:18,920 Speaker 1: The work hours were were grueling, and I had two 142 00:07:18,920 --> 00:07:23,160 Speaker 1: little boys at that point. Never saw them. The moment 143 00:07:23,280 --> 00:07:25,640 Speaker 1: where I knew this was not a thing for me. 144 00:07:26,640 --> 00:07:29,200 Speaker 1: It was a Saturday, a rare Saturday that I had off, 145 00:07:29,960 --> 00:07:32,960 Speaker 1: and I would leave around six thirty. The boys weren't 146 00:07:32,960 --> 00:07:36,120 Speaker 1: awake yet, they were two and zero essentially, and then 147 00:07:36,160 --> 00:07:38,160 Speaker 1: I would come home at ten thirty Julian and I 148 00:07:38,200 --> 00:07:39,640 Speaker 1: would be able to say hey to each other for 149 00:07:39,680 --> 00:07:42,480 Speaker 1: a moment and then repeat. And it was six days 150 00:07:42,480 --> 00:07:45,240 Speaker 1: a week. So there was a Saturday where Porter, my 151 00:07:45,280 --> 00:07:47,960 Speaker 1: two year old, did something that made me mad and 152 00:07:48,000 --> 00:07:52,480 Speaker 1: I yelled at him, and Julie, my wife, just turned 153 00:07:52,520 --> 00:07:56,520 Speaker 1: on me and in like very like mama bear kind 154 00:07:56,520 --> 00:08:00,400 Speaker 1: of way, was like, you have no time with him, 155 00:08:00,520 --> 00:08:02,680 Speaker 1: and anytime you do have, you're going to do that. 156 00:08:03,520 --> 00:08:07,000 Speaker 1: And it was like, oh, yeah, this is this is 157 00:08:07,080 --> 00:08:10,360 Speaker 1: I was stressed, I was sapped, emotionally spent. So that 158 00:08:10,520 --> 00:08:12,960 Speaker 1: was when I knew that this was not a long 159 00:08:13,080 --> 00:08:16,280 Speaker 1: term thing for us. So we jump ship and I 160 00:08:16,280 --> 00:08:18,920 Speaker 1: started working on you need to budget all the time. 161 00:08:19,120 --> 00:08:23,440 Speaker 1: And I've never made my employees work like that. Again. 162 00:08:23,520 --> 00:08:26,960 Speaker 1: It's so so un it's so unkind. It's side note. 163 00:08:26,960 --> 00:08:28,400 Speaker 1: But yeah, that was how it started. So we just 164 00:08:28,600 --> 00:08:30,480 Speaker 1: we've we never took funding or anything. It's just been 165 00:08:30,560 --> 00:08:33,240 Speaker 1: kind of a slow a slow burn, just growing the 166 00:08:33,280 --> 00:08:36,520 Speaker 1: team over the last seventeen years now and growing your 167 00:08:36,520 --> 00:08:39,120 Speaker 1: family too. You guys are up to how many that's true, 168 00:08:39,160 --> 00:08:41,960 Speaker 1: we're up to seven. So our little guy he came 169 00:08:42,000 --> 00:08:45,800 Speaker 1: a year ago, perfect timing. It was well, you know this, Laura, 170 00:08:45,840 --> 00:08:47,440 Speaker 1: it was like it was a little bit iffy at 171 00:08:47,440 --> 00:08:49,120 Speaker 1: that time, Like you go to the hospital and you're like, 172 00:08:49,200 --> 00:08:50,800 Speaker 1: is this going to be what's it going to be like? 173 00:08:51,200 --> 00:08:54,120 Speaker 1: Luckily for us it was totally with the pandemic and stuff, 174 00:08:54,160 --> 00:08:56,760 Speaker 1: a non event. It was just very, very chill. Everything 175 00:08:56,760 --> 00:08:59,880 Speaker 1: went fine because I mean, I admit I did. I 176 00:09:00,120 --> 00:09:02,480 Speaker 1: had read a few home birth books at that point 177 00:09:02,520 --> 00:09:05,880 Speaker 1: because I was like, I don't know, well, by number seven, 178 00:09:05,960 --> 00:09:08,280 Speaker 1: I mean you might wind up with an inadvertent on birth. 179 00:09:08,360 --> 00:09:12,920 Speaker 1: I mean that's true. Yeah, that's actually not far off. Yeah, 180 00:09:12,920 --> 00:09:15,040 Speaker 1: I just I will tell you this. If you're wondering 181 00:09:15,080 --> 00:09:17,120 Speaker 1: about home birth, YouTube is the place to go to 182 00:09:17,160 --> 00:09:19,840 Speaker 1: find out if you want to or you don't like 183 00:09:19,960 --> 00:09:23,520 Speaker 1: no way, Yeah, yeah, well I narrowly avoided it. But 184 00:09:24,000 --> 00:09:26,640 Speaker 1: it was not a you know, not a whole lot 185 00:09:26,640 --> 00:09:29,640 Speaker 1: of time in the hospital before the baby section. It's 186 00:09:29,679 --> 00:09:31,840 Speaker 1: just an efficient hospital visit is what I would an 187 00:09:31,840 --> 00:09:34,760 Speaker 1: efficient hospital vision in your in and out. It's all good. 188 00:09:35,120 --> 00:09:37,400 Speaker 1: So Sarah is a wine app veteran. She has been 189 00:09:37,440 --> 00:09:40,360 Speaker 1: tracking her spending using wine app for years. But why 190 00:09:40,400 --> 00:09:42,160 Speaker 1: don't you tell it for our listeners who are not 191 00:09:42,360 --> 00:09:46,559 Speaker 1: familiar with it, exactly how it works and why it works. 192 00:09:46,760 --> 00:09:49,240 Speaker 1: So first, first, and foremost, it's a way of thinking 193 00:09:49,320 --> 00:09:51,840 Speaker 1: about your money. We do sell software to pay the bills, 194 00:09:52,280 --> 00:09:56,119 Speaker 1: but it really is a way to think and structure 195 00:09:56,640 --> 00:10:00,320 Speaker 1: your money to where you can get a little bit 196 00:10:00,320 --> 00:10:02,800 Speaker 1: of control and you can feel like your money is 197 00:10:02,840 --> 00:10:04,600 Speaker 1: lining up and doing what you really want it to do. 198 00:10:04,800 --> 00:10:07,720 Speaker 1: So anything I talk about, if I ever mentioned the software, 199 00:10:07,800 --> 00:10:10,600 Speaker 1: just know that it's not software focused. It's you could 200 00:10:10,600 --> 00:10:12,760 Speaker 1: implement it with a spreadsheet. You could implement it with 201 00:10:12,800 --> 00:10:15,360 Speaker 1: a notebook. You could probably use one of our competitors 202 00:10:15,480 --> 00:10:17,720 Speaker 1: and still be thinking right and using one of their 203 00:10:17,760 --> 00:10:19,800 Speaker 1: pieces of software. Don't tell me if you do. But 204 00:10:20,600 --> 00:10:24,160 Speaker 1: the idea is around four rules. Number one is to 205 00:10:24,200 --> 00:10:27,480 Speaker 1: give every dollar a job, and you only give jobs 206 00:10:27,520 --> 00:10:29,920 Speaker 1: to money that you actually have, so you can't say 207 00:10:29,920 --> 00:10:31,880 Speaker 1: I will get money. It's just money you have on 208 00:10:31,920 --> 00:10:33,840 Speaker 1: hand right now. When new money comes in, you do 209 00:10:33,880 --> 00:10:36,600 Speaker 1: the same thing, give every dollar a job. The second 210 00:10:36,640 --> 00:10:38,920 Speaker 1: rule is to look ahead, and we call it embracing 211 00:10:38,920 --> 00:10:41,360 Speaker 1: your true expenses. But we're talking about looking ahead and 212 00:10:41,360 --> 00:10:46,439 Speaker 1: thinking about larger, less frequent expenses that should be considered 213 00:10:46,960 --> 00:10:49,679 Speaker 1: as you are weighing what you should do with your 214 00:10:49,679 --> 00:10:52,280 Speaker 1: money today. So if you're going to write a novel, 215 00:10:52,520 --> 00:10:55,000 Speaker 1: you would you would say, well, I'm not going to 216 00:10:55,000 --> 00:10:57,880 Speaker 1: write the novel all today, but I might write ten 217 00:10:57,960 --> 00:11:00,800 Speaker 1: pages today, and then you would know that if you 218 00:11:00,840 --> 00:11:03,800 Speaker 1: did that repeatedly, you would have enough for a novel. 219 00:11:04,040 --> 00:11:07,040 Speaker 1: And people get sidetracked, or not sidetracked, but kind of 220 00:11:07,120 --> 00:11:10,840 Speaker 1: blindsided by a car repair or a large expense, and 221 00:11:10,880 --> 00:11:13,920 Speaker 1: it's just because they aren't considering that that expense should 222 00:11:13,920 --> 00:11:17,719 Speaker 1: be brought into the equation of how they're planning their 223 00:11:17,720 --> 00:11:21,440 Speaker 1: money today. Our third rules shouldn't be a rule, but 224 00:11:21,559 --> 00:11:25,640 Speaker 1: we tell people to roll with the punches, meaning you 225 00:11:25,840 --> 00:11:28,000 Speaker 1: just made a plan with your money, and it's your money, 226 00:11:28,040 --> 00:11:30,679 Speaker 1: so it's your plan. You are allowed to change it 227 00:11:31,559 --> 00:11:35,200 Speaker 1: if you would like to, and people find a lot 228 00:11:35,240 --> 00:11:42,200 Speaker 1: of freedom. They've associated budgeting with restriction and failure for sure, 229 00:11:42,800 --> 00:11:45,480 Speaker 1: and now we're trying to say it's more like you're 230 00:11:45,559 --> 00:11:49,200 Speaker 1: making adjustments at halftime and you're the coach of a 231 00:11:49,240 --> 00:11:52,720 Speaker 1: team and you're just seeing how the game is going 232 00:11:52,800 --> 00:11:55,520 Speaker 1: and making calls as needed. And then our fourth rule, 233 00:11:55,600 --> 00:11:58,560 Speaker 1: we call it aging your money, and we really try 234 00:11:58,559 --> 00:12:00,640 Speaker 1: and get people by following the first three rules, this 235 00:12:00,679 --> 00:12:04,040 Speaker 1: will happen usually in about six months. We get people 236 00:12:04,080 --> 00:12:08,040 Speaker 1: to where they're spending money that they earned thirty days ago. 237 00:12:08,120 --> 00:12:10,440 Speaker 1: At least, so a dollar I earned today I won't 238 00:12:10,520 --> 00:12:13,920 Speaker 1: need to actually use until thirty days from now. We 239 00:12:14,080 --> 00:12:17,920 Speaker 1: get people away from the financial edge. They make better decisions, 240 00:12:18,000 --> 00:12:21,880 Speaker 1: they literally sleep better. Fights are no longer fights, their 241 00:12:21,920 --> 00:12:25,040 Speaker 1: discussions because the stress levels aren't so high. It's a 242 00:12:25,080 --> 00:12:26,959 Speaker 1: good thing in many ways. So that's kind of a 243 00:12:27,080 --> 00:12:29,400 Speaker 1: high level view. And I've spent the last seventeen years 244 00:12:29,400 --> 00:12:32,720 Speaker 1: talking about those four rules and Tom Blue in the face. Basically, 245 00:12:32,880 --> 00:12:36,400 Speaker 1: it's interesting that you see so much of a psychological 246 00:12:36,400 --> 00:12:38,880 Speaker 1: difference with just thirty days. I mean, I don't know, 247 00:12:38,920 --> 00:12:41,560 Speaker 1: maybe if I'm just like way more conservative, Like I 248 00:12:41,559 --> 00:12:44,680 Speaker 1: don't sleep well until it's like six months a year 249 00:12:45,400 --> 00:12:51,480 Speaker 1: plus more. So, Yeah, you're not average, You're not normal. 250 00:12:51,559 --> 00:12:54,520 Speaker 1: I mean most people. And I've learned so much more 251 00:12:54,559 --> 00:12:58,920 Speaker 1: about this going forward, even high earning physicians, so many 252 00:12:59,000 --> 00:13:02,200 Speaker 1: of them are literally living paycheck to paycheck. And I've 253 00:13:02,240 --> 00:13:04,439 Speaker 1: even had people tell me like, oh, I'm going to 254 00:13:04,520 --> 00:13:06,079 Speaker 1: like buy this Tesla, but I need to like wait 255 00:13:06,080 --> 00:13:07,439 Speaker 1: for my next thing to put it. I'm like, are 256 00:13:07,440 --> 00:13:10,280 Speaker 1: you like what anyway? I certainly don't think like that, 257 00:13:11,240 --> 00:13:13,120 Speaker 1: certainly anymore. I don't know if I ever did, but 258 00:13:13,320 --> 00:13:17,120 Speaker 1: you I'm shocked by how many people that's actually normal, 259 00:13:17,160 --> 00:13:21,600 Speaker 1: and it's incredibly stressful. I want to ask a selfish question. 260 00:13:22,280 --> 00:13:24,720 Speaker 1: So my sister I'm trying to get to use you 261 00:13:24,760 --> 00:13:27,920 Speaker 1: need a budget. But she is a shop owner and 262 00:13:28,040 --> 00:13:30,480 Speaker 1: so her income is very variable. She owns a yarn store. 263 00:13:30,480 --> 00:13:33,200 Speaker 1: You might imagine that the winter is as a boom, 264 00:13:33,280 --> 00:13:35,600 Speaker 1: but the summer is not great. So what do you 265 00:13:35,679 --> 00:13:37,920 Speaker 1: do in those cases? If it's an entrepreneur or somebody 266 00:13:37,960 --> 00:13:40,520 Speaker 1: that has a really variable income, how do you help 267 00:13:40,600 --> 00:13:44,080 Speaker 1: them plan? It's a lot easier if you're starting at 268 00:13:44,120 --> 00:13:45,920 Speaker 1: the end of the boom and you have all this 269 00:13:46,080 --> 00:13:49,439 Speaker 1: cash piled up and you're just like, I'm flush. That's 270 00:13:49,480 --> 00:13:52,800 Speaker 1: not always the case. But what you want to be 271 00:13:52,840 --> 00:13:55,559 Speaker 1: doing is think. I mean, it's essentially the same exercise 272 00:13:55,600 --> 00:13:59,840 Speaker 1: of true expenses, embracing that looking ahead for larger, less 273 00:13:59,840 --> 00:14:03,120 Speaker 1: frequent expenses that you'll need to hit. For your sister, 274 00:14:03,240 --> 00:14:07,240 Speaker 1: I would have her be budgeting money into months well 275 00:14:07,280 --> 00:14:09,800 Speaker 1: ahead of that thirty days that I just mentioned. I mean, 276 00:14:09,840 --> 00:14:11,360 Speaker 1: Laura is off. I mean, I think Laura I'm not 277 00:14:11,360 --> 00:14:13,760 Speaker 1: speaking out of turning. I think you're essentially self employed 278 00:14:13,800 --> 00:14:17,720 Speaker 1: and what you do is yeah, So I mean there's 279 00:14:17,760 --> 00:14:20,840 Speaker 1: a you might be conservatively wired anyway to just want 280 00:14:20,840 --> 00:14:23,480 Speaker 1: that security of lots of cash. If there was an 281 00:14:23,520 --> 00:14:26,800 Speaker 1: axiom here or like a heuristic, the more volatile the income, 282 00:14:27,040 --> 00:14:30,920 Speaker 1: the bigger the buffer you need because you might need 283 00:14:30,960 --> 00:14:33,880 Speaker 1: to have it, have that volatility be slightly absorbed on 284 00:14:33,920 --> 00:14:37,000 Speaker 1: the dips. And then the important part and more important 285 00:14:37,000 --> 00:14:39,920 Speaker 1: part for whether it's you know, a realtor. Right now, 286 00:14:39,960 --> 00:14:42,200 Speaker 1: realtors are making more money than they've ever made in 287 00:14:42,240 --> 00:14:47,280 Speaker 1: their lives, and so they're they're just the thing about 288 00:14:47,280 --> 00:14:49,280 Speaker 1: like make hay while the sun shines. That's that's a 289 00:14:49,280 --> 00:14:51,120 Speaker 1: real thing. Like there's a reason that phrase has stayed 290 00:14:51,160 --> 00:14:53,840 Speaker 1: around forever. And what we want to do is make 291 00:14:53,880 --> 00:14:56,960 Speaker 1: sure that when money is flush, we're looking ahead and 292 00:14:56,960 --> 00:15:00,400 Speaker 1: we're thinking, Okay, future me, future me will not have 293 00:15:00,480 --> 00:15:03,960 Speaker 1: this much money. So let's put future me here across 294 00:15:04,000 --> 00:15:06,280 Speaker 1: the table. And now you're always budgeting with the two 295 00:15:06,280 --> 00:15:08,320 Speaker 1: of you. If you're in a you know, you're sharing 296 00:15:08,360 --> 00:15:10,920 Speaker 1: finances with your spouse. There there are actually four of you. 297 00:15:11,360 --> 00:15:15,080 Speaker 1: There's like future Laura, current Laura and they're all vying 298 00:15:15,200 --> 00:15:19,040 Speaker 1: for dollars right now, and that's that's a good conversation 299 00:15:19,160 --> 00:15:21,080 Speaker 1: to have. That's what we want. So your sister needs 300 00:15:21,120 --> 00:15:26,600 Speaker 1: to think about future sister. What's her name? Rebecca, Rebecca, Rebecca, 301 00:15:27,080 --> 00:15:29,240 Speaker 1: future Rebecca, and Rebecca. You have to sit down and 302 00:15:29,280 --> 00:15:31,720 Speaker 1: be like, Okay, future Rebecca, what would you like me 303 00:15:31,920 --> 00:15:35,080 Speaker 1: to do for you right now? And that's when you 304 00:15:35,120 --> 00:15:38,440 Speaker 1: start funding things out and stretching those dollars out. I've 305 00:15:38,480 --> 00:15:40,960 Speaker 1: found that teaching people about the future version of themselves 306 00:15:41,000 --> 00:15:42,640 Speaker 1: that's on the side of the road that can't afford 307 00:15:42,680 --> 00:15:45,720 Speaker 1: a tow truck, they're like, oh, yeah, I don't I 308 00:15:45,760 --> 00:15:48,920 Speaker 1: don't want to do that too, or we really shouldn't 309 00:15:48,960 --> 00:15:51,920 Speaker 1: do that. Definitely not the future Rebecca. We're going to 310 00:15:51,960 --> 00:15:54,040 Speaker 1: take a quick ad break and we will be right back. 311 00:16:06,680 --> 00:16:09,960 Speaker 1: So we are here talking with Jesse Meekham about you 312 00:16:10,000 --> 00:16:13,280 Speaker 1: need a budget. So, Jesse, one of the things we 313 00:16:13,360 --> 00:16:16,240 Speaker 1: talk about and sometimes with best of both worlds, is 314 00:16:16,240 --> 00:16:18,800 Speaker 1: we all have different conceptions of normal. I mean we're 315 00:16:18,840 --> 00:16:21,600 Speaker 1: talking about this. You know, I'm sort of conservatively wired 316 00:16:21,600 --> 00:16:24,120 Speaker 1: when it comes to finances and things like that. I'm 317 00:16:24,200 --> 00:16:27,360 Speaker 1: very curious as you've seen so many budgets and so 318 00:16:27,400 --> 00:16:30,720 Speaker 1: many people's finances. Have you realized that you had any 319 00:16:30,760 --> 00:16:35,480 Speaker 1: sort of weird notions of money that other people don't share, 320 00:16:35,560 --> 00:16:37,920 Speaker 1: that we're more unique to you, or that are less common. 321 00:16:38,600 --> 00:16:41,320 Speaker 1: I think I'm an ever optimizer, to be frank, and 322 00:16:41,360 --> 00:16:43,800 Speaker 1: I've had to kind of like bat that down to 323 00:16:43,840 --> 00:16:47,120 Speaker 1: a degree because at some point the law of diminishing 324 00:16:47,120 --> 00:16:50,320 Speaker 1: returns kicks in. The best example I have for the 325 00:16:50,360 --> 00:16:54,040 Speaker 1: ever optimizer meets the naturally smart and beautiful woman that 326 00:16:54,160 --> 00:16:57,480 Speaker 1: is his wife. That's the story. And when we were 327 00:16:57,520 --> 00:17:01,160 Speaker 1: first married, Julie and I were She's naturally frugal and 328 00:17:01,440 --> 00:17:04,280 Speaker 1: I am an optimizer. So that's just a nice way 329 00:17:04,280 --> 00:17:08,520 Speaker 1: of saying frugal unless it suits my needs, right. I 330 00:17:08,560 --> 00:17:11,800 Speaker 1: remember we would go grocery shopping and Julie would know 331 00:17:12,000 --> 00:17:16,639 Speaker 1: the price of everything, just absolutely everything, and we would 332 00:17:16,640 --> 00:17:18,800 Speaker 1: shop around even we would you know, get the circular 333 00:17:18,880 --> 00:17:20,720 Speaker 1: whatever it's called, and we would go to another store 334 00:17:20,720 --> 00:17:22,840 Speaker 1: and we were and we would spend between the two 335 00:17:22,880 --> 00:17:24,760 Speaker 1: of us when were first married, we would spend one 336 00:17:24,840 --> 00:17:29,399 Speaker 1: hundred and twenty dollars a month, which is hilarious. I 337 00:17:29,400 --> 00:17:31,800 Speaker 1: can't even get out of Costco for that with you know, 338 00:17:31,840 --> 00:17:35,040 Speaker 1: one trip. So you know, years go on and I'm 339 00:17:35,040 --> 00:17:39,359 Speaker 1: always trying to optimize the budget with specifically groceries, and 340 00:17:39,400 --> 00:17:42,280 Speaker 1: at that time, grocery shopping fell on Julie. Now it 341 00:17:42,320 --> 00:17:45,000 Speaker 1: actually is reversed, it's fallen back on me again. But 342 00:17:45,080 --> 00:17:46,359 Speaker 1: at the time, she was the one that would go 343 00:17:46,440 --> 00:17:49,560 Speaker 1: out and shop and she has these four kids, and 344 00:17:49,600 --> 00:17:52,040 Speaker 1: I'm always like, man, we're always over spending in groceries. 345 00:17:52,040 --> 00:17:54,320 Speaker 1: We're always over spending in groceries, and can we move 346 00:17:54,320 --> 00:17:56,000 Speaker 1: it down? Can we do this? And she she would 347 00:17:56,000 --> 00:17:58,880 Speaker 1: agree because she's she's a she's a one on the Enneagram, 348 00:17:58,960 --> 00:18:00,840 Speaker 1: so she was just like, well, would be right to 349 00:18:00,920 --> 00:18:02,560 Speaker 1: do this, you know, like I feel like there's a 350 00:18:02,680 --> 00:18:05,200 Speaker 1: rightness here. So she would agree to it, and then 351 00:18:05,240 --> 00:18:07,240 Speaker 1: we wouldn't we wouldn't hit it. And it was just 352 00:18:07,240 --> 00:18:09,800 Speaker 1: this point for years and years, I mean like ten 353 00:18:10,840 --> 00:18:14,600 Speaker 1: Finally one time I go, I'm the same old conversation 354 00:18:14,720 --> 00:18:17,760 Speaker 1: again and I'm like, Julie, what are we do you think? 355 00:18:17,760 --> 00:18:20,280 Speaker 1: We like, we're always overspent it? And she goes a 356 00:18:20,359 --> 00:18:25,040 Speaker 1: successful grocery trip for me is we go in and 357 00:18:25,080 --> 00:18:29,080 Speaker 1: out and the kids don't melt down, we have no 358 00:18:29,200 --> 00:18:32,479 Speaker 1: kid drama. And then it was like, oh, I've been 359 00:18:32,520 --> 00:18:37,159 Speaker 1: optimizing off of dollars spent instead of after, you know, 360 00:18:37,400 --> 00:18:42,520 Speaker 1: off of the experience of the shopper, and that that 361 00:18:42,560 --> 00:18:44,600 Speaker 1: has That was like a I don't know, like a 362 00:18:44,680 --> 00:18:46,359 Speaker 1: crack in the dam in a good way for me 363 00:18:47,000 --> 00:18:49,560 Speaker 1: around recognizing like you need to not just say I 364 00:18:49,640 --> 00:18:51,680 Speaker 1: want to do my money for this and like this 365 00:18:51,680 --> 00:18:53,200 Speaker 1: this money should go here, this one should go here, 366 00:18:53,640 --> 00:18:56,680 Speaker 1: but also ask yourself, like what am I optimizing for 367 00:18:56,760 --> 00:18:59,399 Speaker 1: when I go to Starbucks every day for coffee and 368 00:18:59,440 --> 00:19:01,520 Speaker 1: I'm not doing I'm not using that as a bad example, 369 00:19:02,200 --> 00:19:04,800 Speaker 1: just like fully aware, like what are you optimizing for? 370 00:19:05,560 --> 00:19:08,720 Speaker 1: What am I optimizing for with a grocery trip? And 371 00:19:09,920 --> 00:19:12,560 Speaker 1: I added money to the budget and we never overspent 372 00:19:12,640 --> 00:19:15,800 Speaker 1: again and then and she was it was a success 373 00:19:15,800 --> 00:19:19,440 Speaker 1: for her in that way, and I don't know, I've 374 00:19:19,560 --> 00:19:21,919 Speaker 1: that's stuck with me for a lot of years, like 375 00:19:21,960 --> 00:19:23,520 Speaker 1: not just where do you want to spend your money, 376 00:19:23,720 --> 00:19:25,439 Speaker 1: but like a little bit of a deeper why, like 377 00:19:25,480 --> 00:19:28,199 Speaker 1: what's the what's the reason here? Why are you pushing 378 00:19:28,200 --> 00:19:29,879 Speaker 1: down on this spending or why do you want that 379 00:19:29,920 --> 00:19:32,399 Speaker 1: spending to be so high? Either direction's fine, but just 380 00:19:32,480 --> 00:19:35,040 Speaker 1: question it a little bit and see what happens. And 381 00:19:35,080 --> 00:19:37,080 Speaker 1: when you're with your spouse, I mean, bless her heart, 382 00:19:37,160 --> 00:19:39,280 Speaker 1: she hung with me for ten years on the whole. Hey, 383 00:19:39,280 --> 00:19:41,359 Speaker 1: you're overspending, you're over spending. But even she had to 384 00:19:41,440 --> 00:19:44,320 Speaker 1: kind of be like, oh, wait, you know, this is why. 385 00:19:44,320 --> 00:19:46,960 Speaker 1: It's because I don't care, you know, in the in 386 00:19:47,040 --> 00:19:48,679 Speaker 1: the nicest way, that's what she was saying, like, I 387 00:19:48,680 --> 00:19:50,800 Speaker 1: don't care about what you care about here, And it 388 00:19:51,280 --> 00:19:54,920 Speaker 1: ended up being a big success for us. So that's 389 00:19:54,920 --> 00:19:57,560 Speaker 1: interesting that you talk about, you know, just like putting 390 00:19:57,600 --> 00:19:59,879 Speaker 1: more money in a category, because I think a lot 391 00:20:00,160 --> 00:20:04,040 Speaker 1: people have this idea with budgeting that like, you can't 392 00:20:04,080 --> 00:20:07,239 Speaker 1: just do that. It's supposed to be as low as 393 00:20:07,280 --> 00:20:09,120 Speaker 1: possible all the time. It's supposed to be as low 394 00:20:09,160 --> 00:20:13,280 Speaker 1: as possible. So I mean, let's talk a little bit 395 00:20:13,280 --> 00:20:17,280 Speaker 1: about why high income people might still need a budget. 396 00:20:17,320 --> 00:20:20,159 Speaker 1: So your product is called you need a budget, and 397 00:20:20,160 --> 00:20:24,359 Speaker 1: I presume that you is somewhat universal in this case. 398 00:20:24,400 --> 00:20:27,640 Speaker 1: It's not everybody except Bob needs a budget. It's it's 399 00:20:27,840 --> 00:20:32,160 Speaker 1: you need a budget. So let's say that people are 400 00:20:32,200 --> 00:20:35,879 Speaker 1: in that happy place where the money coming in is 401 00:20:36,080 --> 00:20:40,160 Speaker 1: generally significantly higher than the money that is going out 402 00:20:40,359 --> 00:20:45,080 Speaker 1: for their normal life, you know, maintenance and such. What 403 00:20:45,240 --> 00:20:48,679 Speaker 1: would be the upside to budgeting for them, Well, the 404 00:20:48,760 --> 00:20:52,560 Speaker 1: upside is more money is flowing through, so you get 405 00:20:52,640 --> 00:20:55,240 Speaker 1: to use more money for things that you want or 406 00:20:55,280 --> 00:20:59,680 Speaker 1: care about and your impact greater Bill Gates has a 407 00:20:59,720 --> 00:21:02,280 Speaker 1: budget it it just has loads of zeros at the end. 408 00:21:02,920 --> 00:21:05,640 Speaker 1: But you, I mean you think about their whole foundation 409 00:21:05,760 --> 00:21:08,679 Speaker 1: that you know, like they have all this money, and 410 00:21:08,800 --> 00:21:11,399 Speaker 1: do you think there's not strategy and thinking and tactics 411 00:21:11,440 --> 00:21:13,560 Speaker 1: around how are we going to deploy this money to 412 00:21:13,600 --> 00:21:17,520 Speaker 1: eradicate you know, whatever it is. And that's the bit 413 00:21:17,560 --> 00:21:19,879 Speaker 1: that I think is interesting is when you make more money, 414 00:21:20,080 --> 00:21:23,400 Speaker 1: it just means you need to be even more thoughtful 415 00:21:24,040 --> 00:21:26,400 Speaker 1: about how it should be used. Because you're you're blessed. 416 00:21:26,760 --> 00:21:30,680 Speaker 1: You know, you're lucky, you're you're able, like things are 417 00:21:30,720 --> 00:21:32,720 Speaker 1: working for you in a way that is so rare 418 00:21:33,480 --> 00:21:38,320 Speaker 1: across the history of time that you really could just say, man, 419 00:21:38,840 --> 00:21:40,200 Speaker 1: this is I don't know if I should call it 420 00:21:40,240 --> 00:21:44,879 Speaker 1: a stewardship or just the right thing, but when you 421 00:21:44,920 --> 00:21:49,280 Speaker 1: are blessed with that much success, then I think it's 422 00:21:49,320 --> 00:21:52,920 Speaker 1: incumbent upon you to say I need to be thoughtful 423 00:21:53,520 --> 00:21:57,320 Speaker 1: about how these resources are deployed. And I don't mean 424 00:21:57,359 --> 00:22:00,119 Speaker 1: that it all goes to charity. I just mean that 425 00:22:00,160 --> 00:22:02,959 Speaker 1: you are thinking hard about what matters to you, because 426 00:22:03,040 --> 00:22:07,440 Speaker 1: the only way you'll find that piece. And like this satisfaction, 427 00:22:07,960 --> 00:22:10,639 Speaker 1: this contentment is knowing that the money is doing what 428 00:22:10,680 --> 00:22:15,040 Speaker 1: you really want it to do. Where people feel the misalignment, 429 00:22:15,080 --> 00:22:17,439 Speaker 1: that's where they're feeling like, God, what what's going on? 430 00:22:17,480 --> 00:22:20,440 Speaker 1: They get their w two, you know, high earners, low owners, 431 00:22:20,560 --> 00:22:22,440 Speaker 1: it's all the same. They all think HR made a mistake. 432 00:22:22,480 --> 00:22:24,000 Speaker 1: They're like, there's no way I made this much money 433 00:22:24,000 --> 00:22:27,200 Speaker 1: this year, and HR never makes mistakes. So it was that, 434 00:22:27,359 --> 00:22:33,320 Speaker 1: you know, But it's that idea of just like this reconciling. Okay, gosh, 435 00:22:33,400 --> 00:22:35,960 Speaker 1: there's something more here. I just can't let it slip 436 00:22:35,960 --> 00:22:38,280 Speaker 1: through my fingers. So high earners, I don't say, you 437 00:22:38,400 --> 00:22:40,800 Speaker 1: wouldn't say you have an obligation, but you certainly have 438 00:22:40,840 --> 00:22:44,960 Speaker 1: an opportunity to really have an impact because you've been 439 00:22:45,000 --> 00:22:48,119 Speaker 1: blessed with the ability and environment and whatever else it 440 00:22:48,200 --> 00:22:52,280 Speaker 1: takes to make more money than you. I don't want 441 00:22:52,280 --> 00:22:55,480 Speaker 1: to say need, I hate the word need. You have plenty, 442 00:22:55,960 --> 00:22:57,359 Speaker 1: you know, to be able to have an impact in 443 00:22:57,359 --> 00:22:59,840 Speaker 1: some way. I don't like needs. And once that's why 444 00:23:00,200 --> 00:23:05,080 Speaker 1: that needs. Once it's such a lame bifurcation of words. 445 00:23:05,080 --> 00:23:06,920 Speaker 1: It's like, oh, that's a need. So I never questioned 446 00:23:06,920 --> 00:23:09,760 Speaker 1: that spending again, it's like, well, oh that's interesting. But 447 00:23:09,800 --> 00:23:11,520 Speaker 1: if it's a want, then you question that. Well, they're 448 00:23:11,520 --> 00:23:13,520 Speaker 1: all wants. Do you want to have a house that 449 00:23:13,560 --> 00:23:16,119 Speaker 1: your kids live in? Yes? I do. Okay, it's all wants, 450 00:23:16,480 --> 00:23:20,200 Speaker 1: you know. So anyway, Tangent, I just I just had 451 00:23:20,520 --> 00:23:23,199 Speaker 1: like a parallel John, which is that Laura. You know, 452 00:23:23,240 --> 00:23:25,440 Speaker 1: I'm not a good time tracker, but I'm a huge 453 00:23:25,440 --> 00:23:28,040 Speaker 1: time planner. I think I use wine ab in many 454 00:23:28,040 --> 00:23:31,359 Speaker 1: ways as a money planner, even though there is a 455 00:23:31,400 --> 00:23:33,840 Speaker 1: tracking component as well, so I can see how well 456 00:23:33,880 --> 00:23:37,199 Speaker 1: I am doing my plan, so like it allows me 457 00:23:37,240 --> 00:23:38,919 Speaker 1: to know, Okay, how much does a good amount to 458 00:23:38,920 --> 00:23:40,680 Speaker 1: be putting into my five twenty nine and how much 459 00:23:40,680 --> 00:23:42,280 Speaker 1: do I want to be saving for my taxable and 460 00:23:42,280 --> 00:23:43,639 Speaker 1: how much would I want to be saving for my 461 00:23:43,680 --> 00:23:45,280 Speaker 1: future car? And what buckets does that go in? And 462 00:23:46,280 --> 00:23:47,960 Speaker 1: as you know, I am also a huge fan of 463 00:23:48,000 --> 00:23:51,600 Speaker 1: the allowance for the personal fund money because you and 464 00:23:51,600 --> 00:23:54,040 Speaker 1: your husband, I think, are an anomaly if you never 465 00:23:54,200 --> 00:23:57,320 Speaker 1: have arguments about your own personal spending. For me, it's 466 00:23:57,359 --> 00:24:00,399 Speaker 1: so much healthier for us to know we have no questions, 467 00:24:00,400 --> 00:24:02,280 Speaker 1: ask money that we can save and do what with 468 00:24:02,480 --> 00:24:05,760 Speaker 1: what we please. And I think many many couples, if 469 00:24:05,800 --> 00:24:09,520 Speaker 1: not the majority, probably benefit from that. And your system 470 00:24:09,560 --> 00:24:12,720 Speaker 1: allows that feature. Yeah, absolutely, just a little bit of 471 00:24:12,720 --> 00:24:14,679 Speaker 1: breathing room for us. When we were first married, it 472 00:24:14,720 --> 00:24:17,440 Speaker 1: was five dollars a month, and it made all the difference, 473 00:24:17,800 --> 00:24:19,760 Speaker 1: literally made all the difference for us. I was like, oh, 474 00:24:19,800 --> 00:24:22,320 Speaker 1: I can keep doing this. Julie wouldn't spend hers, of course, 475 00:24:22,960 --> 00:24:24,760 Speaker 1: and I would spend. I would run out, you know, 476 00:24:24,840 --> 00:24:27,800 Speaker 1: like within two days. So what did you buy with 477 00:24:27,880 --> 00:24:30,359 Speaker 1: your five dollars? I need to know what? It was? 478 00:24:31,240 --> 00:24:33,639 Speaker 1: Just a donut every other day or so, walking past 479 00:24:33,800 --> 00:24:35,080 Speaker 1: I was on my way to class. It was part 480 00:24:35,119 --> 00:24:38,439 Speaker 1: of my routine. It was Starbucks. Don't judge, don't judge people, 481 00:24:39,240 --> 00:24:41,800 Speaker 1: is a donut. I'm a fan of Starbucks. That's great, 482 00:24:41,800 --> 00:24:47,240 Speaker 1: that's great. No, we're both just cheap. So that's one 483 00:24:47,280 --> 00:24:51,080 Speaker 1: way too, a sort of if you're cheap. But what 484 00:24:51,119 --> 00:24:52,719 Speaker 1: do you want your money to do, Like, what's your 485 00:24:52,760 --> 00:24:56,680 Speaker 1: biggest goal with money? Well, we have various things. I mean, 486 00:24:56,720 --> 00:25:00,640 Speaker 1: we like to be in charge of our lives. And 487 00:25:00,880 --> 00:25:02,919 Speaker 1: you know, we are at the happy place where we 488 00:25:02,960 --> 00:25:05,840 Speaker 1: do work because we want to work, and that's great. 489 00:25:06,280 --> 00:25:09,080 Speaker 1: We are sending, you know, when to have our kids 490 00:25:09,160 --> 00:25:13,440 Speaker 1: have a good life. We are creating a happy home 491 00:25:13,960 --> 00:25:18,000 Speaker 1: with lots of fun experiences. We actually are made a 492 00:25:18,040 --> 00:25:22,480 Speaker 1: somewhat interesting decision for us that we purchased recently a 493 00:25:22,680 --> 00:25:27,440 Speaker 1: historic house and are now renovating it, which yes, involves 494 00:25:27,440 --> 00:25:31,159 Speaker 1: more money than we tend to spend experiences galore, but 495 00:25:31,200 --> 00:25:33,960 Speaker 1: it's going to be quite the experience and living in 496 00:25:34,000 --> 00:25:37,000 Speaker 1: there with our five kids is going to be a 497 00:25:37,040 --> 00:25:40,159 Speaker 1: new and exciting chapter. So those are the things we 498 00:25:40,560 --> 00:25:45,080 Speaker 1: tend to priority. So experiential, like that's top of your list, Okay, yeah, yeah, 499 00:25:45,440 --> 00:25:47,320 Speaker 1: that's that's phenomenal that you can be clear on that. 500 00:25:47,400 --> 00:25:49,840 Speaker 1: And then we kind of are wired in that same way, 501 00:25:49,880 --> 00:25:52,800 Speaker 1: like we don't really want to do, I don't know, 502 00:25:52,840 --> 00:25:55,320 Speaker 1: go to some random place on a sun like Saturday 503 00:25:55,359 --> 00:25:57,960 Speaker 1: and go to a museum, but we'll definitely spend three 504 00:25:57,960 --> 00:25:59,680 Speaker 1: months in New York with the kids to like blow 505 00:25:59,680 --> 00:26:04,720 Speaker 1: their mind, you know, and that's the experiences, that's what 506 00:26:04,840 --> 00:26:09,080 Speaker 1: gets Julie going, you know for sure. So I have 507 00:26:09,119 --> 00:26:12,760 Speaker 1: a question for you know, the various budgeting categories people have, 508 00:26:13,119 --> 00:26:17,000 Speaker 1: are there any categories that you think people should actually 509 00:26:17,119 --> 00:26:19,960 Speaker 1: try to spend more on that you think people are 510 00:26:19,960 --> 00:26:23,040 Speaker 1: generally under allocating for? In your case, you found it 511 00:26:23,080 --> 00:26:25,320 Speaker 1: was the groceries that you needed to put a little 512 00:26:25,359 --> 00:26:27,760 Speaker 1: bit more money into. Are there I'm sure there are 513 00:26:27,800 --> 00:26:30,160 Speaker 1: categories people put too much into, but are there things 514 00:26:30,200 --> 00:26:35,880 Speaker 1: that people people tend to underinvest in? Well, you'd mentioned 515 00:26:37,000 --> 00:26:42,080 Speaker 1: when we were recording the my podcast, you'd mentioned laundry. Sarah. 516 00:26:42,119 --> 00:26:43,320 Speaker 1: You were like, if you don't want to do lin, 517 00:26:43,359 --> 00:26:45,160 Speaker 1: if you don't want to fold laundry, just have someone 518 00:26:45,200 --> 00:26:47,679 Speaker 1: do it. And I think in some ways you could 519 00:26:48,560 --> 00:26:51,320 Speaker 1: look at where you really just don't find joy, and 520 00:26:51,359 --> 00:26:54,560 Speaker 1: I don't sometimes you just got to buck up, you know, 521 00:26:55,080 --> 00:26:58,320 Speaker 1: and just like do the things. That's great. But there 522 00:26:58,320 --> 00:27:01,800 Speaker 1: are things that we found, like a little help I 523 00:27:01,800 --> 00:27:04,119 Speaker 1: mean with the seven kids, like some help for Julie 524 00:27:04,119 --> 00:27:06,520 Speaker 1: where she gets a little breathing room and has someone 525 00:27:06,560 --> 00:27:08,800 Speaker 1: come in and help her out a little bit. That 526 00:27:08,920 --> 00:27:11,600 Speaker 1: to me is I would spend three times. If the 527 00:27:11,640 --> 00:27:14,240 Speaker 1: person said, hey, it's actually three times what I told you, 528 00:27:14,760 --> 00:27:18,880 Speaker 1: I would just like okay, because it's there's so much 529 00:27:19,000 --> 00:27:22,040 Speaker 1: value there. It was like and with a one year old, 530 00:27:22,080 --> 00:27:24,240 Speaker 1: like the first year is crazy, and so you can't 531 00:27:24,280 --> 00:27:26,359 Speaker 1: really make any plans based on how things are in 532 00:27:26,400 --> 00:27:29,240 Speaker 1: that year. But it was interesting when we I got 533 00:27:29,680 --> 00:27:31,920 Speaker 1: we re found someone else to help Julie because our 534 00:27:32,600 --> 00:27:36,040 Speaker 1: our Laura that had come and helped out for so long, 535 00:27:36,160 --> 00:27:38,199 Speaker 1: Not you, Laura, not to confuse people that are listening, 536 00:27:38,200 --> 00:27:40,160 Speaker 1: but you would be great. We would love to have 537 00:27:40,240 --> 00:27:43,920 Speaker 1: you, you you know. But it was she went and got 538 00:27:43,960 --> 00:27:45,960 Speaker 1: a job full time, and so she couldn't help out anymore, 539 00:27:45,960 --> 00:27:50,720 Speaker 1: and so we found someone else. And the second day 540 00:27:51,160 --> 00:27:54,280 Speaker 1: that that person came, I came back from the office 541 00:27:54,320 --> 00:27:57,919 Speaker 1: and this is gonna sound super cliche, but Julie is 542 00:27:57,960 --> 00:28:00,600 Speaker 1: into the sourdough thing like everyone else was. A year ago. 543 00:28:00,680 --> 00:28:02,439 Speaker 1: She couldn't because of the baby, so she was she 544 00:28:02,480 --> 00:28:05,280 Speaker 1: was late to sourdough, but she had made sourdough bread 545 00:28:06,000 --> 00:28:08,639 Speaker 1: and I saw them on the counter and I thought, 546 00:28:09,160 --> 00:28:13,480 Speaker 1: Julie's back. She's back, because that's the kind of thing 547 00:28:13,520 --> 00:28:15,879 Speaker 1: that she would naturally do if she had some bandwidth. 548 00:28:16,359 --> 00:28:20,080 Speaker 1: So this is the longest answer to the question. You find, 549 00:28:20,280 --> 00:28:24,680 Speaker 1: you find things where you're like, the value here is tremendous, 550 00:28:25,240 --> 00:28:28,000 Speaker 1: and just double down on that. And at some point, yeah, 551 00:28:28,119 --> 00:28:30,119 Speaker 1: I don't want to have a live in person like 552 00:28:30,160 --> 00:28:33,800 Speaker 1: I don't think the value is there. But look at 553 00:28:33,800 --> 00:28:35,480 Speaker 1: a few of those that just bring you a lot 554 00:28:35,520 --> 00:28:38,320 Speaker 1: of joy, that were like release a stress valve or 555 00:28:38,320 --> 00:28:42,640 Speaker 1: whatever it is. And yeah, fun that you know, enjoy it, 556 00:28:42,920 --> 00:28:46,320 Speaker 1: bask in it. Even we are all about spending on 557 00:28:46,400 --> 00:28:49,080 Speaker 1: ways to make daily life better, Sarah, did you have 558 00:28:49,120 --> 00:28:51,120 Speaker 1: any other questions? I know we're gonna have to, Sarah 559 00:28:52,520 --> 00:28:54,240 Speaker 1: have to go to the patient at like one o'clock. 560 00:28:54,280 --> 00:28:58,280 Speaker 1: So just that he was speaking our love language, and 561 00:28:58,320 --> 00:29:00,240 Speaker 1: before we head off, we should have him of us 562 00:29:00,240 --> 00:29:02,160 Speaker 1: a love of that love of the week. Yes, so, Jesse, 563 00:29:02,280 --> 00:29:05,320 Speaker 1: Sarah and I always end each episode with a love 564 00:29:05,320 --> 00:29:08,320 Speaker 1: of the week, something that is, you know, rocking our 565 00:29:08,360 --> 00:29:11,760 Speaker 1: world at the at the moment. We can go first 566 00:29:11,800 --> 00:29:14,760 Speaker 1: to give you a minute to think about it, Sarah, 567 00:29:15,520 --> 00:29:19,480 Speaker 1: am I on the spot now first, Now I'll go, 568 00:29:21,000 --> 00:29:24,560 Speaker 1: so I guess my love of the week today, I'm 569 00:29:24,560 --> 00:29:27,400 Speaker 1: like looking around my office. Oh okay, well, I'm super 570 00:29:27,400 --> 00:29:30,400 Speaker 1: into the New Day Designer Planner. That's really dorky, but 571 00:29:30,560 --> 00:29:33,720 Speaker 1: their releases this week, and you know, I love planners 572 00:29:33,760 --> 00:29:35,680 Speaker 1: and that's my love of the week. I've been playing 573 00:29:35,720 --> 00:29:37,760 Speaker 1: with it and I really like it. So I'll go 574 00:29:37,800 --> 00:29:41,480 Speaker 1: with the pandemic carbs theme here. My daughter and I 575 00:29:41,560 --> 00:29:47,280 Speaker 1: actually made handmade pasta like homemade pasta recently. I'm not 576 00:29:47,320 --> 00:29:50,080 Speaker 1: going to say it was the best pasta ever, like, 577 00:29:50,160 --> 00:29:52,640 Speaker 1: I think we're still working on it. Need to get 578 00:29:52,640 --> 00:29:55,479 Speaker 1: the dose dinner and slice it thinner in order to 579 00:29:55,680 --> 00:29:59,360 Speaker 1: avoid a little, you know, chewiness of the result. But 580 00:30:00,040 --> 00:30:02,360 Speaker 1: you know, we've been branching out. We tried the sourdough. 581 00:30:02,400 --> 00:30:04,400 Speaker 1: That didn't work so well either. Some roles have turned 582 00:30:04,400 --> 00:30:06,480 Speaker 1: out better and cookies. The pasta I think is a 583 00:30:06,480 --> 00:30:10,120 Speaker 1: work in progress. Jesse, how about you. I just finished 584 00:30:10,120 --> 00:30:13,040 Speaker 1: a book. Our books sometimes loves of the week books 585 00:30:13,080 --> 00:30:15,600 Speaker 1: are always lovak. I am a big fan of Cal 586 00:30:15,680 --> 00:30:19,040 Speaker 1: Newport that wrote Deep Work five years ago, and his 587 00:30:19,480 --> 00:30:22,400 Speaker 1: latest book I think it's called A World Without Email, 588 00:30:23,320 --> 00:30:25,760 Speaker 1: and I loved it. I was trying to find five 589 00:30:25,800 --> 00:30:28,320 Speaker 1: minutes to just grab it and read a little bit. 590 00:30:29,080 --> 00:30:34,480 Speaker 1: It really helped me think about questioning how things are done, 591 00:30:34,520 --> 00:30:38,200 Speaker 1: like how value is created, how I run things, and 592 00:30:38,560 --> 00:30:42,240 Speaker 1: not really like for time optimization, but just the fact 593 00:30:42,240 --> 00:30:45,200 Speaker 1: that email kind of is imposed upon us and we've 594 00:30:45,240 --> 00:30:47,560 Speaker 1: never stepped back and said, well, is this the way 595 00:30:47,640 --> 00:30:50,160 Speaker 1: that we should do this work? And so that book 596 00:30:50,200 --> 00:30:53,600 Speaker 1: I thoroughly enjoyed. I hope that he runs you know, 597 00:30:53,680 --> 00:30:55,760 Speaker 1: does podcast rounds in his interview to ten, because I'd 598 00:30:55,760 --> 00:30:58,280 Speaker 1: love to listen to him on all these different places. 599 00:30:58,640 --> 00:31:03,160 Speaker 1: Well here, yes, yes I will. I will have to 600 00:31:03,200 --> 00:31:04,960 Speaker 1: send you the link he was on Best Laid Plan 601 00:31:05,160 --> 00:31:08,120 Speaker 1: And yes, I'm a super fan. I love cow Newport. Yes, well, Jesse, 602 00:31:08,160 --> 00:31:10,400 Speaker 1: hopefully your employees aren't having to check their email every 603 00:31:10,440 --> 00:31:14,040 Speaker 1: six minutes. The band of our existence is slack. It's 604 00:31:14,280 --> 00:31:16,680 Speaker 1: it's like, oh, we don't do the email and yeah, 605 00:31:16,680 --> 00:31:18,640 Speaker 1: it's like okay, this is just as bad or worse. 606 00:31:18,800 --> 00:31:23,120 Speaker 1: So yeah, we got to figure it out before we go. 607 00:31:23,280 --> 00:31:25,680 Speaker 1: Just remind our listeners where to find you with they 608 00:31:25,720 --> 00:31:28,600 Speaker 1: want to learn more or absolutely why you need a budget, 609 00:31:28,720 --> 00:31:30,719 Speaker 1: so you can go to uneedabudget dot com. But if 610 00:31:30,760 --> 00:31:33,320 Speaker 1: you're optimizing for time, you can just type in wynam 611 00:31:33,400 --> 00:31:37,320 Speaker 1: dot com y nap and then you're there too, save yourself, 612 00:31:37,400 --> 00:31:39,720 Speaker 1: save yourself so much time? Yeah, and then what will 613 00:31:39,760 --> 00:31:41,720 Speaker 1: you do with it? You know, think about that. But 614 00:31:41,800 --> 00:31:43,600 Speaker 1: you can also listen to our podcasts that you Need 615 00:31:43,640 --> 00:31:45,959 Speaker 1: a Budget podcast where you can listen to this sultry 616 00:31:46,040 --> 00:31:48,560 Speaker 1: voice for a few minutes every week. And then I 617 00:31:48,600 --> 00:31:51,200 Speaker 1: do have a book. It was back in when we 618 00:31:51,200 --> 00:31:52,920 Speaker 1: were in Manhattan a few years ago. We launched a 619 00:31:52,920 --> 00:31:56,240 Speaker 1: book called You Need a Budget, and uh audible seems 620 00:31:56,240 --> 00:31:58,440 Speaker 1: to be the way people like to consume that, so 621 00:31:59,040 --> 00:32:01,560 Speaker 1: you know, we're we're to be found for sure, and 622 00:32:01,680 --> 00:32:03,920 Speaker 1: listen to Jesse's voice telling you that you in fact 623 00:32:04,120 --> 00:32:06,880 Speaker 1: need a budget? Absolutely all right, Well, Jesse, thank you 624 00:32:06,880 --> 00:32:08,640 Speaker 1: so much for joining us. Thank you, Sarah, thank you 625 00:32:08,720 --> 00:32:12,680 Speaker 1: are thank you all right? Well, Sarah, why don't you 626 00:32:12,720 --> 00:32:15,800 Speaker 1: tackle this question? Okay, this is a perfect on theme 627 00:32:15,920 --> 00:32:18,520 Speaker 1: budget related question. I didn't even mean to do that, 628 00:32:18,600 --> 00:32:21,360 Speaker 1: but now I'm happy that I did. So. This person writes, 629 00:32:21,680 --> 00:32:24,160 Speaker 1: thanks for all you do on best of both worlds. 630 00:32:24,240 --> 00:32:26,600 Speaker 1: Can I ask you a don't skimp on childcare questions? 631 00:32:26,640 --> 00:32:29,160 Speaker 1: So I guess she already knew the answer, specifically, is 632 00:32:29,160 --> 00:32:32,240 Speaker 1: it insane to spend nearly seventy five K annually on 633 00:32:32,320 --> 00:32:35,760 Speaker 1: childcare context. I'm a physician, my husband is an attorney, 634 00:32:35,800 --> 00:32:38,640 Speaker 1: and I suspect our financial situation has some parallels to 635 00:32:38,680 --> 00:32:41,360 Speaker 1: yours in terms of earnings, goals, values, et cetera. We 636 00:32:41,400 --> 00:32:43,800 Speaker 1: have twin three year olds currently in care with a 637 00:32:43,840 --> 00:32:46,000 Speaker 1: full time nanny who we love and depend on. They 638 00:32:46,040 --> 00:32:47,960 Speaker 1: are starting in a Montessori school in the fall, and 639 00:32:47,960 --> 00:32:49,440 Speaker 1: my husband and I are trying to figure out how 640 00:32:49,480 --> 00:32:52,719 Speaker 1: that changes our childcare structure. Because the school runs from 641 00:32:52,760 --> 00:32:54,680 Speaker 1: eight am to one pm for nine months of the 642 00:32:54,720 --> 00:32:57,080 Speaker 1: year with a three month umber break. We've considered many 643 00:32:57,120 --> 00:33:00,120 Speaker 1: options for childcare. However, we could keep coming back to 644 00:33:00,200 --> 00:33:01,800 Speaker 1: the idea that we keep our nanny for at least 645 00:33:01,800 --> 00:33:05,000 Speaker 1: forty guaranteed hours per week plus the school tuition. I 646 00:33:05,120 --> 00:33:08,280 Speaker 1: realized financials or finances are exceedingly personal, and at the 647 00:33:08,360 --> 00:33:10,760 Speaker 1: end of the day, if we are meeting our savings goals, 648 00:33:10,800 --> 00:33:12,880 Speaker 1: then it shouldn't matter. But at fifty K a year 649 00:33:12,880 --> 00:33:14,800 Speaker 1: for our nanny and twenty two K a year for 650 00:33:14,840 --> 00:33:18,720 Speaker 1: school tuition, this is the writer's numbers. Does it seem 651 00:33:18,800 --> 00:33:21,200 Speaker 1: insane and unseemly to spend the price of a new 652 00:33:21,240 --> 00:33:24,920 Speaker 1: Mercedes every year on childcare. Is that number shocking or 653 00:33:25,000 --> 00:33:26,480 Speaker 1: is this just the price of doing business in a 654 00:33:26,560 --> 00:33:30,520 Speaker 1: dual career couple. So first of all, I have to say, like, 655 00:33:31,560 --> 00:33:34,120 Speaker 1: maybe one of the reasons we don't have any Mercedes 656 00:33:36,160 --> 00:33:40,200 Speaker 1: because all the money is going elsewhere. So my one 657 00:33:40,200 --> 00:33:42,440 Speaker 1: word answer. She asked if it was shocking, and I'm like, well, whatever, 658 00:33:42,480 --> 00:33:44,600 Speaker 1: the opposite of shocking is that's kind of more my 659 00:33:45,040 --> 00:33:48,920 Speaker 1: emotions about that. I mean, our numbers are higher than that, 660 00:33:48,960 --> 00:33:50,840 Speaker 1: if it makes her feel any better, and I don't 661 00:33:50,880 --> 00:33:54,280 Speaker 1: really have that much. It just is what it is. 662 00:33:54,280 --> 00:33:56,320 Speaker 1: Maybe because I'm farther into it, maybe if you had 663 00:33:56,320 --> 00:33:58,240 Speaker 1: told me that in the beginning, like it would have 664 00:33:58,280 --> 00:34:03,760 Speaker 1: shocked me more. But like, yeah, I think that there 665 00:34:03,760 --> 00:34:06,560 Speaker 1: are few other things that I would rather spend my 666 00:34:06,640 --> 00:34:10,799 Speaker 1: money on than peace of mind regarding my children so 667 00:34:10,880 --> 00:34:16,240 Speaker 1: that I can work, like I mean really and also 668 00:34:17,120 --> 00:34:21,440 Speaker 1: education or activity type expenses like that is what I value. 669 00:34:21,640 --> 00:34:24,840 Speaker 1: And I am lucky as are you to have a 670 00:34:24,880 --> 00:34:28,000 Speaker 1: well compensated job. So that's kind of the price of 671 00:34:28,040 --> 00:34:30,359 Speaker 1: doing it that way. But I feel like it's been 672 00:34:30,680 --> 00:34:33,920 Speaker 1: fully worth it if that has Yeah, I'd so much 673 00:34:34,040 --> 00:34:37,200 Speaker 1: rather have great childcare and a good school situation than 674 00:34:37,560 --> 00:34:40,560 Speaker 1: new Mercedes. So I feel like it would be more 675 00:34:40,600 --> 00:34:42,799 Speaker 1: shocking if you'd be like, well, we shouldn't send our 676 00:34:42,880 --> 00:34:44,520 Speaker 1: kids to a good school and have a good nanny, 677 00:34:44,600 --> 00:34:48,080 Speaker 1: let's get the Mercedes instead, Like that would strike me 678 00:34:48,120 --> 00:34:52,120 Speaker 1: as a wee bit more shocking. So I think this 679 00:34:52,560 --> 00:34:56,040 Speaker 1: woman's values are in the right place. And so no, 680 00:34:56,239 --> 00:34:59,080 Speaker 1: I don't think that's shocking either. You know, if you 681 00:34:59,160 --> 00:35:02,680 Speaker 1: have kids, you're paying any private school tuition for as 682 00:35:02,760 --> 00:35:06,400 Speaker 1: Sarah and I both are right now, partly because of 683 00:35:06,440 --> 00:35:09,239 Speaker 1: the COVID situation with hybrid remote school. We both have 684 00:35:09,320 --> 00:35:13,360 Speaker 1: children that just weren't going to thrive in that situation, 685 00:35:13,480 --> 00:35:16,120 Speaker 1: and so we needed full time in person school and 686 00:35:16,200 --> 00:35:18,160 Speaker 1: to both of us elected to do private school for 687 00:35:18,239 --> 00:35:21,239 Speaker 1: those particular children this year. And then you know, full 688 00:35:21,280 --> 00:35:25,080 Speaker 1: time childcare. If you want a good person, you pay 689 00:35:25,239 --> 00:35:27,960 Speaker 1: a salary that is commensurate with that. So yeah, of 690 00:35:28,040 --> 00:35:29,680 Speaker 1: course you're going to get numbers that are as this 691 00:35:29,760 --> 00:35:33,239 Speaker 1: woman said, you know, seventy or more thousand dollars a year. 692 00:35:33,280 --> 00:35:36,240 Speaker 1: But I would point out if she is paying seventy 693 00:35:36,239 --> 00:35:40,720 Speaker 1: two thousand, that is what thirty six per person per 694 00:35:40,840 --> 00:35:43,840 Speaker 1: adult in her household, if she is a physician and 695 00:35:43,880 --> 00:35:46,120 Speaker 1: her husband is an attorney. I would not be surprised 696 00:35:46,120 --> 00:35:48,879 Speaker 1: if each of them are in fact earning more than 697 00:35:49,000 --> 00:35:51,120 Speaker 1: two hundred thousand a year, and possibly more than that 698 00:35:51,400 --> 00:35:55,800 Speaker 1: two hundred three hundred easy, and so it's not really 699 00:35:56,719 --> 00:35:59,960 Speaker 1: a big chunk of that. It's I mean, it is 700 00:36:00,040 --> 00:36:02,560 Speaker 1: a chunk. But on the other hand, you're better off 701 00:36:02,719 --> 00:36:04,400 Speaker 1: if this is something you would want to do with 702 00:36:04,400 --> 00:36:06,400 Speaker 1: your life, that you would like to continue working as 703 00:36:06,440 --> 00:36:08,479 Speaker 1: a physician who is able to concentrate on your job, 704 00:36:09,120 --> 00:36:12,520 Speaker 1: then you are much better off having this as an 705 00:36:12,520 --> 00:36:16,440 Speaker 1: expense than thinking you should somehow be saving money on it. 706 00:36:16,480 --> 00:36:19,760 Speaker 1: And so I totally agree that they've considered many options 707 00:36:19,800 --> 00:36:21,879 Speaker 1: and they are coming to the right one. I will 708 00:36:21,920 --> 00:36:24,239 Speaker 1: go ahead and put my vote there. That you have 709 00:36:24,400 --> 00:36:27,319 Speaker 1: three year olds, they are only in school for five 710 00:36:27,360 --> 00:36:30,279 Speaker 1: hours a day, five days a week, for nine months 711 00:36:30,320 --> 00:36:32,520 Speaker 1: a year like this, there's going to get flick. There's 712 00:36:32,560 --> 00:36:35,319 Speaker 1: going to be a million vacation days they're gonna get 713 00:36:35,560 --> 00:36:38,400 Speaker 1: since you're going to need a break because they're twins. Yeah, 714 00:36:38,600 --> 00:36:41,200 Speaker 1: both of them. You know, both of them could get sick, 715 00:36:41,239 --> 00:36:43,360 Speaker 1: both of them. You know, you could have again school 716 00:36:43,360 --> 00:36:46,799 Speaker 1: closures for things. There will be random days off, like 717 00:36:46,840 --> 00:36:49,839 Speaker 1: we have conference days off for stuff, and it's just 718 00:36:50,120 --> 00:36:52,880 Speaker 1: there's so many reasons like if especially if she's a 719 00:36:52,920 --> 00:36:55,320 Speaker 1: physician who has to work in person, like you can't 720 00:36:56,120 --> 00:37:00,480 Speaker 1: do it, and you know, presumably he can't really cover 721 00:37:00,520 --> 00:37:05,000 Speaker 1: it that easily either, so you know, no, but we 722 00:37:05,040 --> 00:37:08,120 Speaker 1: approve of your setup. Yeah, all right, so not shocking 723 00:37:08,160 --> 00:37:11,080 Speaker 1: at all listener, and for anyone else who is facing 724 00:37:11,440 --> 00:37:14,040 Speaker 1: those numbers as well. All right, well, this has been 725 00:37:14,120 --> 00:37:16,239 Speaker 1: best of both worlds. We have been talking all things 726 00:37:16,239 --> 00:37:18,520 Speaker 1: money with the you need to budget folks. We'll be 727 00:37:18,560 --> 00:37:20,440 Speaker 1: back next week with Moura on making work and life 728 00:37:20,480 --> 00:37:25,360 Speaker 1: fit together. Thanks for listening. You can find me Sarah 729 00:37:25,520 --> 00:37:29,320 Speaker 1: at the shoebox dot com or at the Underscore Shoebox 730 00:37:29,400 --> 00:37:33,120 Speaker 1: on Instagram, and you can find me Laura at Laura 731 00:37:33,280 --> 00:37:36,480 Speaker 1: vandercam dot com. This has been the best of both 732 00:37:36,520 --> 00:37:40,040 Speaker 1: worlds podcasts. Please join us next time for more on 733 00:37:40,120 --> 00:37:42,080 Speaker 1: making work and life work together.