WEBVTT - Biking More To Get Rich #389 0:00:00.160 --> 0:00:02.720 Welcome to How the Money. I'm Joel and I and 0:00:02.880 --> 0:00:26.160 Matt's and today we're talking about biking more to get rich. Yeah, Joel, 0:00:26.200 --> 0:00:29.280 you a long time listeners will know that biking is 0:00:29.640 --> 0:00:31.760 a huge part of our lives. We talked about it 0:00:31.800 --> 0:00:33.240 a good bit here on the show, but I feel 0:00:33.240 --> 0:00:35.720 like recently we haven't talked about it. It was certainly 0:00:35.760 --> 0:00:39.080 on our minds way back when when we first started 0:00:39.080 --> 0:00:42.600 the show, because our very first episode was about biking. 0:00:43.720 --> 0:00:46.440 But now it's been multiple years since we've covered that 0:00:46.479 --> 0:00:48.800 topics that we're going to revisit biking and talk about 0:00:48.840 --> 0:00:51.680 all the different ways that it makes us. Richard, we 0:00:51.680 --> 0:00:54.280 definitely talked about it some during the pandemic because biking 0:00:54.360 --> 0:00:56.520 was hot, right and like, oh yeah, it turned out 0:00:56.560 --> 0:00:58.480 at the beginning a lot of bike companies were like, 0:00:58.480 --> 0:01:00.320 oh no, what are we gonna do? And then there 0:01:00.400 --> 0:01:02.280 was like, oh, what we're gonna do is have to 0:01:02.360 --> 0:01:05.039 like double our orders because everybody wants a bike right now. 0:01:05.280 --> 0:01:07.120 So yeah, we definitely covered that a little bit, but 0:01:07.160 --> 0:01:09.679 we haven't kind of talked about the economics of biking 0:01:09.760 --> 0:01:11.360 in the many ways that a bike can fit into 0:01:11.400 --> 0:01:13.160 your life. It can save you money, but it can 0:01:13.160 --> 0:01:14.759 do more than that. So we're gonna talk about all 0:01:14.760 --> 0:01:16.399 that in this episode, and we're gonna talk about the 0:01:16.400 --> 0:01:19.280 many different ways that you can realize a return on 0:01:19.319 --> 0:01:22.640 your investment. Where YouTube bike more. And I've even called 0:01:22.920 --> 0:01:26.320 bikes an actual investment before. Actually I think I use that. Uh. 0:01:26.720 --> 0:01:29.840 I use that phrase to justify my bike purchase last year. 0:01:29.840 --> 0:01:32.280 Remember I used my stimmy money to buy my little 0:01:32.280 --> 0:01:34.840 gravel bike. Uh, And I called it an investment. And 0:01:34.840 --> 0:01:37.559 I call you saying, you're kind of pushing it, buddy, 0:01:37.560 --> 0:01:39.320 it's not quiet an investment. But we are kind of 0:01:39.400 --> 0:01:41.319 using that language here because we feel that there truly 0:01:41.400 --> 0:01:44.639 is a return on the money that you put into 0:01:44.800 --> 0:01:48.120 your bike. Yeah. Yeah, and it goes beyond just money savings, right, 0:01:48.160 --> 0:01:50.680 So that's right, there's a whole host of benefits we 0:01:50.680 --> 0:01:51.960 get from biking. Yeah, all right, man, I got a 0:01:52.000 --> 0:01:54.520 quick little story for you. So as a kid, I 0:01:54.520 --> 0:01:56.800 think I've shared this before on the show, but anytime 0:01:56.800 --> 0:01:59.760 my parents would ask for a discount, anytime they would 0:01:59.800 --> 0:02:03.480 use coupons, anytime they're just basically just trying to save money, 0:02:03.520 --> 0:02:05.640 I was embarrassed. Like, as a little kid, I was 0:02:05.680 --> 0:02:07.760 just so embarrassed that my parents were trying we're trying 0:02:07.800 --> 0:02:09.840 to save money, and I just perceived it to be cheap. 0:02:10.360 --> 0:02:12.160 So on that note, let me tell you about how 0:02:12.160 --> 0:02:15.400 I scored a bunch of free Halloween decorations and now 0:02:15.480 --> 0:02:18.080 your kids can be thoroughly embarrassed by you, dude. Okay, 0:02:18.120 --> 0:02:20.760 So you know, folks move and oftentimes will leave a 0:02:20.760 --> 0:02:22.440 bunch of stuff that they have toward in their basement 0:02:22.480 --> 0:02:24.560 because they're thinking, all right, we're not gonna haul this 0:02:24.639 --> 0:02:27.320 with us, or maybe in this case it was custom 0:02:27.520 --> 0:02:29.880 or it was specific to that house, but man, uh 0:02:29.919 --> 0:02:31.679 so we have some neighbors move and they put out 0:02:32.080 --> 0:02:34.920 what I'm guessing was close to at least five worth 0:02:35.080 --> 0:02:37.679 of Halloween decorations where I had to go and buy 0:02:37.680 --> 0:02:40.840 that stuff new from a Halloween store. Spirit right or whatever. 0:02:40.840 --> 0:02:43.040 The pop up halloween stores are got like a full 0:02:43.040 --> 0:02:46.440 size skeleton and a bunch of fuzzy spiders. Spider Web 0:02:46.639 --> 0:02:49.040 even got some um what's that? It's like the liquid 0:02:49.080 --> 0:02:51.680 that you put into a fog fog machine. We don't 0:02:51.680 --> 0:02:53.640 have the fog machine, but I really want one, and 0:02:53.800 --> 0:02:55.400 I feel like this is even more of an incentive 0:02:55.400 --> 0:02:57.760 for me to actually look for one, maybe before Halloween hits, 0:02:57.760 --> 0:03:00.359 before the prices go up. But and I will say 0:03:00.400 --> 0:03:03.680 my kids were pumped. They were not at all in 0:03:03.720 --> 0:03:06.520 the least embarrassed. They were old enough to be embarrassed 0:03:06.520 --> 0:03:08.119 by I guess that's I guess that's it. So, yeah, 0:03:08.120 --> 0:03:10.640 they're not in bart school age so embarrassed by you. 0:03:11.240 --> 0:03:12.560 But I guess I just want to point out how 0:03:12.840 --> 0:03:16.000 I've grown. As a kid. Obviously I was so embarrassed 0:03:16.000 --> 0:03:17.520 to do stuff like that, but as an adult man, 0:03:17.600 --> 0:03:20.160 the lengths I go to save a buck, and I 0:03:20.200 --> 0:03:22.080 hate seeing stuff on the side of the road that's 0:03:22.080 --> 0:03:24.840 perfectly good go to waste. Right, you don't want the 0:03:24.840 --> 0:03:27.359 city picking that stuff up, tossing it in the trash, 0:03:27.400 --> 0:03:30.480 Like if it's usable, if it's useful, then yeah, it's 0:03:30.520 --> 0:03:32.919 better to reuse it. Absolutely. Yeah. I mean there's a 0:03:32.960 --> 0:03:34.600 chance somebody else would have picked it up as well, 0:03:34.600 --> 0:03:36.240 but I don't, you know, me picking it up, I 0:03:36.320 --> 0:03:38.200 made sure that it wasn't going to the landfill, and 0:03:38.200 --> 0:03:41.680 it's all stuff that we will definitely use this coming Halloween. 0:03:42.000 --> 0:03:43.720 But like you said, I'm glad to see that my 0:03:43.840 --> 0:03:46.480 kids right now that they're not embarrassed. But we will 0:03:46.480 --> 0:03:49.520 see how long that lasts. As we've grown older, as 0:03:49.880 --> 0:03:51.840 we have had kids of our own, I feel like 0:03:51.880 --> 0:03:53.880 a lot of the decisions that my parents made make 0:03:53.920 --> 0:03:55.600 a whole lot more sense to me now. And I'm 0:03:55.640 --> 0:03:57.960 like doing a lot of those same things, some of 0:03:57.960 --> 0:03:59.680 which maybe I said I would never do. I think 0:03:59.720 --> 0:04:01.960 that's kind of like part of the circle of life 0:04:02.040 --> 0:04:03.880 or whatever. Is part of growing up. Man. Yeah, you 0:04:03.920 --> 0:04:06.440 just kind of you begin to as you get older, like, oh, yeah, 0:04:06.480 --> 0:04:08.320 my parents they're not as dumb as I thought they 0:04:08.320 --> 0:04:11.400 were when I was like twelve or fifteen or whatever. Um, 0:04:11.440 --> 0:04:15.160 they're actually pretty smart. Maybe they had more wisdom than 0:04:15.200 --> 0:04:17.920 I believe they did. But if only middle school Matt 0:04:17.960 --> 0:04:21.640 could see me. Now, congratulations on your Halloween decoration. Look 0:04:21.640 --> 0:04:23.760 forward to the Halloween in our neighborhood is huge. We 0:04:23.760 --> 0:04:26.160 talked about this before in the show, but last year, 0:04:26.160 --> 0:04:27.760 you know, we thought it was gonna be massive because 0:04:28.000 --> 0:04:29.840 it was it was gonna fall on a Saturday, right, 0:04:29.880 --> 0:04:32.159 But then with the pandemic, it kind of you know, 0:04:32.240 --> 0:04:34.839 everyone was on the fence, should we do Halloween, shouldn't 0:04:34.839 --> 0:04:37.920 we do Halloween? And so I think Lrench stole freaking Halloween. 0:04:37.920 --> 0:04:40.000 There exactly, but I think that means that this year 0:04:40.040 --> 0:04:41.839 it's gonna be it's gonna be pretty huge. I'm looking 0:04:41.839 --> 0:04:44.440 forward to it already, especially with all the free stuff 0:04:44.480 --> 0:04:46.600 we scored side of the Road, the resurgence of Halloween, 0:04:46.640 --> 0:04:49.039 I'm ready for all right, Well, Matt, let's move on. 0:04:49.120 --> 0:04:50.720 Let's mention the beer we're having on the show. This 0:04:50.760 --> 0:04:54.520 one is called double Fruited Boysonberry BlackBerry Raspberry Hill by 0:04:54.520 --> 0:04:56.479 Southern Grist. So lots of different kinds of berries in here, 0:04:56.520 --> 0:04:59.400 and apparently double fruited. So fruited I like lots of 0:04:59.440 --> 0:05:01.680 fruit might be or so. Well. We'll let listeners know 0:05:01.720 --> 0:05:03.080 what we think about this beer at the end of 0:05:03.080 --> 0:05:05.720 the episode, but for now, let's get onto the topic 0:05:05.760 --> 0:05:07.640 of hand talking about bikes. You know what I just 0:05:07.640 --> 0:05:09.280 thought of. If we were really on our game, we 0:05:09.320 --> 0:05:13.719 would have gotten their hands on some cycle brewing beers. Cycle. Yeah, 0:05:13.880 --> 0:05:16.320 down in Tampa or St. Pete or whatever, have you 0:05:16.320 --> 0:05:18.320 had their beers? No? I haven't. I've been meeting just 0:05:18.360 --> 0:05:20.599 a couple others before here. They make good stounts. But 0:05:20.640 --> 0:05:22.200 I'll have to remedy that and have have some of 0:05:22.240 --> 0:05:24.040 these one of these days. Yes, all right, Well, yeah, 0:05:24.120 --> 0:05:26.440 let's keep going. Let's talk about bikes, and we really 0:05:26.480 --> 0:05:29.120 do believe the biking more will help you get rich, 0:05:29.480 --> 0:05:32.400 and uh, yeah, man, it makes me think, like my 0:05:32.440 --> 0:05:35.440 favorite bands and some of my favorite albums of all time, 0:05:35.480 --> 0:05:38.680 they weren't necessarily my favorites the first time I heard him, right, 0:05:38.680 --> 0:05:42.040 it took me a while to get acclimated to Let's say, like, 0:05:42.160 --> 0:05:44.880 I remember one of my friends playing this span Bright 0:05:44.920 --> 0:05:46.599 Eyes for me back in the day, right, and I 0:05:46.680 --> 0:05:51.840 was like, this is terrible. I really didn't like it initially, 0:05:52.000 --> 0:05:53.600 and then I just like listened to the album over 0:05:53.640 --> 0:05:54.960 and over as he was like playing it, and I 0:05:55.000 --> 0:05:56.560 was like, actually, this is really growing on me. And 0:05:56.560 --> 0:05:58.840 now they're one of my all time favorite bands, right. Uh. 0:05:59.279 --> 0:06:01.120 They make some great tunes. And the same thing is 0:06:01.160 --> 0:06:03.760 true with like sour beers. Were drinking a sour beer 0:06:03.839 --> 0:06:06.680 right now, and I was like, fruited beers, those aren't good, 0:06:07.400 --> 0:06:09.760 or you know, sour beers, those make my lips pucker. 0:06:09.839 --> 0:06:12.480 I don't think I like them, But over time they 0:06:12.520 --> 0:06:14.440 kind of grew on me and I was like, bang, 0:06:14.560 --> 0:06:17.800 actually I've come to really appreciate how tasty these beers are. 0:06:18.080 --> 0:06:19.920 Our tastes change over time. I mean, yeah, I'm with you. 0:06:20.040 --> 0:06:21.760 And the very first time ever had a sour beer 0:06:22.200 --> 0:06:25.040 was one from New Belgium and I could barely finish 0:06:25.080 --> 0:06:27.200 the dang thing because it was. Yeah, I mean, in 0:06:27.240 --> 0:06:29.400 my opinion at the time, so sour. But again, like 0:06:29.400 --> 0:06:32.040 you said, our tastes change, we come around, we evolve, 0:06:32.400 --> 0:06:35.000 and it's now one of my favorite styles of beer. Yeah. 0:06:35.040 --> 0:06:36.840 And I think on the surface, right, the idea of 0:06:36.880 --> 0:06:40.119 biking might not sound super appealing to a lot of people. 0:06:40.600 --> 0:06:43.280 They might think that we're weird or coming out of 0:06:43.320 --> 0:06:45.960 left field with this. But uh, and and someone's initial 0:06:46.040 --> 0:06:48.520 reaction might be like, maybe that's good, good for Matt 0:06:48.560 --> 0:06:51.400 and Joel, but it's not for me. Well, in today's episode, 0:06:51.400 --> 0:06:53.440 we're gonna talk about all of the reasons that biking 0:06:53.480 --> 0:06:55.840 makes sense for folks who want to save money, and 0:06:55.839 --> 0:06:57.920 we do believe biking can grow on you, right, just 0:06:57.960 --> 0:07:00.240 like a band maybe that you weren't interest to be 0:07:00.320 --> 0:07:02.599 end the first time you heard it, or a beer 0:07:02.640 --> 0:07:04.720 style that you didn't like the first time you tasted it. 0:07:04.920 --> 0:07:06.520 And then we're also going to talk about the other 0:07:06.560 --> 0:07:09.120 benefits of biking too. We don't necessarily want to oversell 0:07:09.200 --> 0:07:11.119 how good biking can be for you. But I actually 0:07:11.160 --> 0:07:13.280 think it's kind of hard to oversell how good bikes 0:07:13.280 --> 0:07:15.480 are mat for for people, for their lives and for 0:07:15.520 --> 0:07:17.480 their ability to save money, even if there's a lot 0:07:17.480 --> 0:07:18.800 of folks out there who don't want to hear us 0:07:18.800 --> 0:07:21.520 talk about it, right because like before, folks who are 0:07:21.520 --> 0:07:23.480 listening right now, before you skip onto your next podcast, 0:07:23.760 --> 0:07:26.320 because maybe you're not into biking, like I mean, essentially, 0:07:26.360 --> 0:07:28.920 we're pleading with you to have an open mind here. 0:07:29.280 --> 0:07:31.040 We know, we know that at some point, maybe you've 0:07:31.080 --> 0:07:33.800 decided that biking isn't going to work for you, but 0:07:34.000 --> 0:07:36.960 it's likely that things have changed for you. And just 0:07:37.040 --> 0:07:39.400 because maybe you made that decision once, like once upon 0:07:39.440 --> 0:07:41.920 a time you made this decision, that doesn't mean that 0:07:41.960 --> 0:07:45.240 you should never revisit the idea again, just you know, 0:07:45.320 --> 0:07:48.440 purely based on principle, right, we want you to be 0:07:48.560 --> 0:07:50.920 open to a little self experimentation here if you aren't 0:07:51.000 --> 0:07:53.960 naturally drawn towards biking. For me, I will say that 0:07:54.000 --> 0:07:56.440 biking was more like love at first sight. But a 0:07:56.480 --> 0:07:58.720 lot of folks are only thinking about the things that 0:07:58.760 --> 0:08:01.200 they don't like when it comes to biking. But there are, 0:08:01.240 --> 0:08:04.480 like we said, so many benefits that come with biking regularly. 0:08:04.760 --> 0:08:07.040 Money is only going to be a single factor, and 0:08:07.080 --> 0:08:10.160 so we're gonna spend this episode convincing you why you 0:08:10.200 --> 0:08:11.840 need to be biking more as we dig into the 0:08:12.120 --> 0:08:16.200 return on investments, uh and the lifestyle benefits that bikes provide. 0:08:16.280 --> 0:08:19.240 All right, so let's first get into the monetary benefits 0:08:19.280 --> 0:08:21.400 of biking, because this is how the money and we 0:08:21.600 --> 0:08:23.640 gotta start with the money. Gonna start with that, We're 0:08:23.640 --> 0:08:26.200 gonna get to a bunch of other factors that make 0:08:26.320 --> 0:08:29.680 biking a win win win for for you. But yeah, 0:08:29.720 --> 0:08:31.600 let us talk about cost savings first. And man, I 0:08:31.680 --> 0:08:35.079 think the biggest potential savings comes if any of our 0:08:35.080 --> 0:08:38.040 listeners are able to eliminate a car from their lives, right, 0:08:38.120 --> 0:08:40.440 like for most people like you and your family were 0:08:40.440 --> 0:08:43.640 a well do we we ditched one car because we 0:08:43.720 --> 0:08:46.000 bike a whole lot more than we used to. We 0:08:46.040 --> 0:08:48.360 used to have two cars, and so yeah, that has 0:08:48.400 --> 0:08:51.320 come in really handy and saved us a bunch of money. 0:08:51.360 --> 0:08:53.679 Like Triple A runs the numbers every year on what 0:08:53.720 --> 0:08:56.280 it costs to own and operate a new car, all 0:08:56.280 --> 0:08:59.079 expenses included, and most people will be shocked to hear this, 0:08:59.120 --> 0:09:00.679 but triple A says a call us over nine thou 0:09:00.840 --> 0:09:05.880 dollars annually to own and maintain that car. That includes fuel, maintenance, 0:09:05.920 --> 0:09:09.839 insurance taxes, and of course the ever ever pesky depreciation 0:09:10.040 --> 0:09:12.800 which is happening usually out of sight, like you're not 0:09:12.840 --> 0:09:15.920 thinking about it. Although we've randomly been in an inflationary 0:09:15.960 --> 0:09:18.920 cycle for cars lately, which is um surprising to say 0:09:18.920 --> 0:09:21.040 the least, especially for these used cars. But yeah, nine 0:09:21.040 --> 0:09:24.079 thousand dollars a year is an incredible sum of money. 0:09:24.360 --> 0:09:26.439 And to think that by ditching one car from your 0:09:26.480 --> 0:09:29.640 life you can save that much, um is pretty incredible. Yeah. Yeah, 0:09:29.640 --> 0:09:31.800 And not to mention to the time and energy that 0:09:31.840 --> 0:09:34.160 it takes once your some roofs starts leaking into your 0:09:34.160 --> 0:09:37.240 car and starts smelling terrible. There are a lot of 0:09:37.280 --> 0:09:39.600 headaches that a company vehicles as well. Yeah, the maintenance 0:09:39.640 --> 0:09:42.400 associated with the car is certainly a lot more annoying 0:09:42.400 --> 0:09:45.000 and frustrating than the maintenance associated with a bike. And 0:09:45.200 --> 0:09:47.720 not everyone is going to ditch a car in favor 0:09:47.800 --> 0:09:49.800 of biking, right, and they're not going to save that 0:09:49.920 --> 0:09:52.520 much money. But it is important to note that you 0:09:52.559 --> 0:09:55.079 can and that that's possible in our family has actually 0:09:55.080 --> 0:09:58.439 done it. So yeah, But just by going from commuting 0:09:58.440 --> 0:10:01.240 by your car to to comuting by bike, let's say 0:10:01.240 --> 0:10:03.720 you still keep both cars around that you that you 0:10:03.760 --> 0:10:06.040 have in your family, or if you're single individual, you 0:10:06.120 --> 0:10:08.200 keep the one car. You don't decide to go down 0:10:08.240 --> 0:10:10.719 to zero cars in favor of biking all the time. Well, 0:10:10.760 --> 0:10:13.000 even that is likely to save you at least a 0:10:13.040 --> 0:10:15.640 thousand dollars a year, maybe closer to two thousand dollars 0:10:15.640 --> 0:10:18.600 a year based on driving your car less. And and 0:10:18.640 --> 0:10:21.280 even that, Matt, that's not chump change, that's some meaningful savings. 0:10:21.360 --> 0:10:24.200 That's real money right there. And here's the other thing too, 0:10:24.400 --> 0:10:26.960 is we need to keep in mind how easy it 0:10:27.040 --> 0:10:29.199 could be for us to adopt biking more often in 0:10:29.280 --> 0:10:32.720 our lives. Approximately half of all car trips are for 0:10:32.760 --> 0:10:35.599 short runs to places, most likely in your neighborhood, that 0:10:35.640 --> 0:10:38.880 are four miles away or less. Uh, and bikes are 0:10:38.920 --> 0:10:42.000 perfect for these trips. Uh. The more that you ride, obviously, 0:10:42.040 --> 0:10:43.960 the fewer miles that you're gonna be putting onto your car, 0:10:44.360 --> 0:10:47.480 and that means less fuel, less frequent repair needs. And 0:10:47.520 --> 0:10:49.760 if you're able to squeeze the average miles that you 0:10:49.880 --> 0:10:55.160 drive to under seventy miles every year, you'll likely qualify 0:10:55.240 --> 0:10:58.439 for an additional discount on your insurance. And so that's 0:10:58.480 --> 0:10:59.720 kind of a I don't know, I feel like that's 0:10:59.760 --> 0:11:02.200 kind of a fun goal to set for yourself. So 0:11:02.240 --> 0:11:04.480 you choose to ride your bike more frequently as opposed 0:11:04.480 --> 0:11:06.000 to just jump in the car starting up, you know, 0:11:06.040 --> 0:11:08.160 starting it up and hitting the road. But that's a 0:11:08.200 --> 0:11:11.559 great way to start biking, right, So looking at those shorter, 0:11:11.679 --> 0:11:14.040 those easier trips, uh, and we're hoping that that will 0:11:14.120 --> 0:11:16.520 kind of get the ball rolling for you in your 0:11:16.559 --> 0:11:19.319 biking as well. You have to know that of all 0:11:19.320 --> 0:11:22.080 the trips you're taking are easy pickings. It's like shooting 0:11:22.080 --> 0:11:24.240 fish in a barrel with just a ride of a 0:11:24.280 --> 0:11:27.360 few short miles. I think maybe that's a psychological hurdle 0:11:27.400 --> 0:11:29.440 that you have to overcome. It's like, okay, yeah, if 0:11:29.440 --> 0:11:31.960 it's if it's a short trip, did you say cycle logical? 0:11:32.160 --> 0:11:35.400 Oh yeah, hurdle My dad jokes are strong, but not 0:11:35.440 --> 0:11:40.000 that strong. But yeah, I think, yeah, just just reframing 0:11:40.000 --> 0:11:43.400 and realizing that so many of your trips really aren't 0:11:43.440 --> 0:11:45.840 that far. Um is going to help you maybe hop 0:11:45.840 --> 0:11:47.640 on your bike next time as opposed to hopping in 0:11:47.640 --> 0:11:50.800 the car. And also, you know, while the initial costs 0:11:50.800 --> 0:11:52.920 of buying a bike, getting the gear that you need 0:11:53.000 --> 0:11:55.800 can set you back a bit, each successive year that 0:11:55.920 --> 0:11:59.439 you bike will essentially amortize those costs right by year 0:11:59.440 --> 0:12:02.280 two of Mike, and you'll be saving big money. And also, 0:12:02.480 --> 0:12:05.840 bikes really they're the kings of efficiency, Matt. There's there's 0:12:05.920 --> 0:12:09.959 no more efficient mode of transportation. Um, nothing beats the 0:12:10.000 --> 0:12:13.080 humble old bicycle, right unless you have wings and you 0:12:13.080 --> 0:12:16.480 could just like glad on the what I don't know 0:12:16.679 --> 0:12:18.640 upstream what is it called? When like the stuff I 0:12:18.679 --> 0:12:20.480 got turned into a hawk and then I would be 0:12:20.640 --> 0:12:25.040 efficient exactly. Yeah, which you know I've always wanted to 0:12:25.080 --> 0:12:27.720 be a hawk. There. Cool cool cool creatures use gravity 0:12:28.000 --> 0:12:31.720 uh air, But yeah, biking is is even more efficient 0:12:31.920 --> 0:12:34.960 than walking, right, It's five times more efficient than walking. Um, 0:12:35.000 --> 0:12:38.720 and riding a bike takes fifty eight times less energy 0:12:38.720 --> 0:12:41.320 than driving a car when you're going in an equal distance. 0:12:41.440 --> 0:12:45.000 So yes, since we're fans of efficiency in general, I 0:12:45.000 --> 0:12:47.600 feel like this is a solid selling point for bikes 0:12:47.600 --> 0:12:50.840 to rite. It's just like incredibly efficient if you also 0:12:50.920 --> 0:12:53.800 are a fan of efficiency, know that, well, the bike, 0:12:54.080 --> 0:12:56.760 it's the king of efficiency, Like, I can't think of 0:12:56.920 --> 0:13:00.240 many other things that provide such efficiency, you know, Or 0:13:00.320 --> 0:13:02.160 for the costs did you pay? Absolutely? I feel like 0:13:02.160 --> 0:13:04.120 any engineer out there should be like, yep, all right, 0:13:04.160 --> 0:13:07.160 I have to bike because it is the most efficient, 0:13:07.280 --> 0:13:09.280 and you know, you always have to go the most 0:13:09.280 --> 0:13:12.000 efficient path. And you know, Joe two, this is assuming 0:13:12.160 --> 0:13:14.760 that someone listening that they don't already have a pretty 0:13:14.800 --> 0:13:17.600 good bike, that's maybe just sitting in their garage, you know, 0:13:17.720 --> 0:13:20.480 just waiting to be ridden. But either way, like, we're 0:13:20.520 --> 0:13:22.760 not saying that it's completely free to ride and maintain 0:13:22.800 --> 0:13:25.839 a bike, but the costs of an annual tunup are 0:13:26.080 --> 0:13:29.280 literal sense on the dollar compared to the ongoing costs 0:13:29.320 --> 0:13:32.120 of maintaining an automobile. And you know, if you want 0:13:32.120 --> 0:13:34.640 to do, you could even fully eliminate that additional cost 0:13:34.679 --> 0:13:37.680 of maintenance just by watching a few YouTube videos online, 0:13:37.720 --> 0:13:40.240 having a fread come over to show you the ropes. Like, honestly, 0:13:40.440 --> 0:13:43.280 if you just know how to adjust your brakes every 0:13:43.320 --> 0:13:44.920 now and then, or you know, just to adjust your 0:13:44.920 --> 0:13:47.640 shifters your derailers, then you are going to be golden 0:13:47.679 --> 0:13:50.240 because oftentimes those are the main things that need to 0:13:50.280 --> 0:13:52.880 be looked at, and so cost that is one major 0:13:52.960 --> 0:13:55.520 aspect of how biking is going to allow you to 0:13:56.320 --> 0:13:59.520 get more rich, how it's going to grow your financial wealth, 0:13:59.720 --> 0:14:02.600 but will also discuss more benefits than how to incorporate 0:14:02.600 --> 0:14:14.800 biking into your lifestyle. Right after this break, all right, 0:14:14.840 --> 0:14:16.600 we'll back from the break, and we're gonna talk about 0:14:16.600 --> 0:14:20.800 some of the other benefits of bicycling more frequently that 0:14:20.920 --> 0:14:22.880 there are a lot of them, and we'll also kind 0:14:22.880 --> 0:14:24.960 of maybe tackle some of the excuses in just a 0:14:25.000 --> 0:14:27.880 second that people might have like, uh, well it's not 0:14:27.960 --> 0:14:30.560 for me, guys, Like, of course I can't participate in 0:14:30.560 --> 0:14:33.600 biking because this this order, this reason. Well maybe like 0:14:33.600 --> 0:14:36.520 no shade towards you, guys, but I'm not gonna do it, 0:14:37.320 --> 0:14:40.040 and and here's why. And so hopefully if you have 0:14:40.080 --> 0:14:42.040 one of these excuses in your mind, you know, we'll 0:14:42.040 --> 0:14:44.160 be able to tackle it preemptively so that you can 0:14:44.200 --> 0:14:47.000 actually hop on a bike still. Um but Matt, Yeah, 0:14:47.040 --> 0:14:50.040 we were just talking about the numbers, and it's interesting too, 0:14:50.080 --> 0:14:53.520 because the affordability of biking um is obviously one of 0:14:53.520 --> 0:14:55.920 the number reasons we're in favor of people biking more. 0:14:56.280 --> 0:14:58.400 You know, spending nine thousand dollars a year in order 0:14:58.400 --> 0:15:01.160 to get from point A to point b Uh, it 0:15:01.200 --> 0:15:03.240 should sound like a lot of money to people because 0:15:03.240 --> 0:15:06.080 it's a ton of money, right that. That's a huge 0:15:06.280 --> 0:15:09.400 percentage of people's take home pay in an average Your 0:15:09.440 --> 0:15:12.320 transportation is one of the most expensive line items in 0:15:12.400 --> 0:15:15.400 everyone's budget. And just think about what you could do 0:15:15.480 --> 0:15:18.320 if you had an extra seven and fifty a month 0:15:18.720 --> 0:15:20.840 back in your life. I mean, I think too that 0:15:21.040 --> 0:15:22.760 is is one of the ways I think that that 0:15:22.840 --> 0:15:25.160 bikes can be a selling point. It's like how much 0:15:25.160 --> 0:15:27.160 money is legit? Like, you can do a whole lot 0:15:27.280 --> 0:15:30.320 of unique, fun, interesting stuff in your life if you 0:15:30.400 --> 0:15:33.080 aren't shelling that out for you know, a car every 0:15:33.080 --> 0:15:35.160 single month. But let's take a look at the numbers 0:15:35.160 --> 0:15:37.040 and see what that would actually get you too, because 0:15:37.040 --> 0:15:38.960 if you were to take that seven and fifty a 0:15:39.000 --> 0:15:41.760 month and invest it in the market instead, you're looking 0:15:41.880 --> 0:15:44.680 at having over a hundred and twenty five thousand dollars 0:15:44.720 --> 0:15:48.600 over just ten years, earning seven percent. And let's say 0:15:48.640 --> 0:15:51.480 you did that for a working career of thirty seven years, 0:15:51.720 --> 0:15:53.920 which is the length of time between graduating and being 0:15:53.920 --> 0:15:56.640 able to draw on retirement funds in a roth ira, Well, 0:15:56.640 --> 0:16:00.320 we're talking about nearly one five million dollars, right, so 0:16:00.320 --> 0:16:02.400 so much money when you put it in that start 0:16:02.480 --> 0:16:05.880 contrast in those terms, it's like, okay, biking. Uh yeah, yeah, 0:16:05.920 --> 0:16:07.720 maybe that's actually a really good idea for me because 0:16:07.840 --> 0:16:09.280 I didn't realize one it was going to save that 0:16:09.360 --> 0:16:11.160 much money. And I didn't realize that if I started 0:16:11.160 --> 0:16:14.000 to invest that money instead, that I was going to 0:16:14.000 --> 0:16:17.400 be able to make some life changing moves. Maybe my 0:16:17.440 --> 0:16:19.320 car is not as good of a move as I 0:16:19.320 --> 0:16:22.160 thought it was. Maybe I should think again. Yeah, I 0:16:22.200 --> 0:16:24.760 mean that's just a massive amount of money to pay for, 0:16:24.920 --> 0:16:26.640 Like I think what some people would just call the 0:16:26.960 --> 0:16:30.000 stock traditional lifestyle, right where you have a car, you've 0:16:30.040 --> 0:16:32.200 got to maintain these payments on it. Obviously, it takes 0:16:32.240 --> 0:16:33.560 gas in order to get it from point A to 0:16:33.600 --> 0:16:35.800 point B, it takes insurance, all these things that go 0:16:35.880 --> 0:16:39.760 into um, just operating a vehicle is much bigger than 0:16:39.800 --> 0:16:42.400 we realize. So yeah, sometimes you gotta just crunch those 0:16:42.480 --> 0:16:44.720 numbers as a wake up call. Uh. And you know, 0:16:44.760 --> 0:16:47.040 we want you to save and invest your money, and 0:16:47.040 --> 0:16:49.160 therefore we want you to ride your bike on a 0:16:49.200 --> 0:16:51.240 good bit more of those trips that you're taking. But 0:16:51.440 --> 0:16:53.760 there are so many other reasons why you should be 0:16:53.760 --> 0:16:56.160 biking more, and so let's talk about those. And so 0:16:56.280 --> 0:16:59.240 the health benefits that biking provides is kind of an 0:16:59.280 --> 0:17:01.840 obvious one, right, But biking more often truly is great 0:17:01.840 --> 0:17:03.880 for your overall health. If you bike enough, you can 0:17:04.040 --> 0:17:06.399 ditch your gym membership as well. Uh. And you know, 0:17:06.400 --> 0:17:09.640 when your favorite mode of transportation also replaces that gym 0:17:09.720 --> 0:17:11.679 that used to go to, that used to have to 0:17:11.720 --> 0:17:13.800 pay to go to, that is like some some real 0:17:13.840 --> 0:17:17.200 life synergy going on right there. There's nothing more frustrating 0:17:17.200 --> 0:17:19.479 to me than like hearing somebody that like pays for 0:17:19.560 --> 0:17:22.000 an expensive gym membership and they drive to get there 0:17:22.080 --> 0:17:23.639 just kind of I don't know, man, it just blows 0:17:23.640 --> 0:17:26.160 my mind. And the worst, the worst is when people 0:17:26.200 --> 0:17:29.480 go to those in person cycling classes that costs like 0:17:29.480 --> 0:17:31.200 a hundred and something dollars a month, like the really 0:17:31.200 --> 0:17:32.919 fancy ones. I've never been in one of those. So 0:17:32.960 --> 0:17:35.520 you've been to I talked about you had a co 0:17:35.640 --> 0:17:37.440 worker who had like a birthday party at a spin 0:17:37.480 --> 0:17:39.040 place that's right. Yeah, I guess I did it at 0:17:39.080 --> 0:17:42.879 one time her birthday, and I was like, it's like, 0:17:42.920 --> 0:17:44.920 instead of going to like Laser Tag when you're a kid, 0:17:45.080 --> 0:17:48.320 like now you're going to like And it's not like 0:17:48.320 --> 0:17:50.560 it wasn't anything class, but it certainly wasn't worth a 0:17:50.640 --> 0:17:52.520 hundred plus dollars a month. And I was like, I 0:17:52.720 --> 0:17:55.600 honestly rather just be on my bike outside. But yeah, 0:17:55.760 --> 0:17:57.560