1 00:00:00,120 --> 00:00:02,800 Speaker 1: Welcome to How the Money. I'm Joel and I and Matt. 2 00:00:03,120 --> 00:00:06,120 Speaker 1: Today we're talking about how the temptation to spend is 3 00:00:06,160 --> 00:00:28,240 Speaker 1: getting realm. That's Rachel. As our lives resumed some sort 4 00:00:28,240 --> 00:00:32,000 Speaker 1: of normalcy, the sirens are calling calling out there. They're 5 00:00:32,040 --> 00:00:36,599 Speaker 1: calling us over to the rocks of retail consumption. Give 6 00:00:36,680 --> 00:00:39,400 Speaker 1: me your credit card information, whether online or in person. 7 00:00:40,320 --> 00:00:42,200 Speaker 1: It's true. No, this is what this episode is gonna 8 00:00:42,200 --> 00:00:43,920 Speaker 1: be all about. We're talking about spending our money and 9 00:00:43,920 --> 00:00:46,640 Speaker 1: specifically to make sure that we're doing it wisely. That way, yeah, 10 00:00:46,720 --> 00:00:50,120 Speaker 1: we don't end up crashing against the rocks of personal finance. 11 00:00:50,120 --> 00:00:52,440 Speaker 1: And I guess those those rocks of this cliffs would 12 00:00:52,479 --> 00:00:55,760 Speaker 1: be like bunted budget bankruptcy. Uh that that would be 13 00:00:55,800 --> 00:00:57,920 Speaker 1: the hardest rock that you could, Yeah, you go against. 14 00:00:58,000 --> 00:01:00,640 Speaker 1: But even just like credit card debt, that that's unintended, 15 00:01:01,000 --> 00:01:04,440 Speaker 1: the consequences that are there if you do ever spend. 16 00:01:04,440 --> 00:01:07,240 Speaker 1: And I think Matt like, there's this particular temptation right 17 00:01:07,319 --> 00:01:10,160 Speaker 1: now as the economy is reopening and people are getting 18 00:01:10,240 --> 00:01:13,920 Speaker 1: vaccinated and they want to start spending in a way 19 00:01:13,959 --> 00:01:17,720 Speaker 1: that's maybe what they were used to ahead of coronavirus. 20 00:01:17,760 --> 00:01:20,080 Speaker 1: But but even more so, like an even more ramped 21 00:01:20,160 --> 00:01:22,240 Speaker 1: up version of spending for a lot of people is 22 00:01:22,319 --> 00:01:24,399 Speaker 1: kind of what they're being beckoned to do. And so 23 00:01:24,600 --> 00:01:26,200 Speaker 1: you know, we want to push back against that and 24 00:01:26,200 --> 00:01:28,400 Speaker 1: and help all of us to think through, Okay, how 25 00:01:28,440 --> 00:01:30,960 Speaker 1: do we start to spend money as the economy reopens. 26 00:01:30,959 --> 00:01:33,120 Speaker 1: We're gonna talk about that today, but before we get 27 00:01:33,160 --> 00:01:34,520 Speaker 1: to that, man, I wanted to let you know, speaking 28 00:01:34,600 --> 00:01:37,520 Speaker 1: of spending, Uh, we're we're about to do a little 29 00:01:37,520 --> 00:01:39,760 Speaker 1: bit of work at our house, and it is going 30 00:01:39,800 --> 00:01:43,199 Speaker 1: to cost money. Um, but I'm looking for as many 31 00:01:43,200 --> 00:01:46,839 Speaker 1: ways as possible to make that work cost less money. 32 00:01:47,160 --> 00:01:49,440 Speaker 1: And so one of the things I found out about 33 00:01:49,520 --> 00:01:52,880 Speaker 1: from a friend. There's this place called life Cycle in Atlanta, 34 00:01:53,160 --> 00:01:59,760 Speaker 1: and it's basically this huge warehouse of old doors, tile lighting, 35 00:02:00,040 --> 00:02:03,559 Speaker 1: life fixtures, um anything really you could matter place. Mantel 36 00:02:03,600 --> 00:02:05,760 Speaker 1: pieces like it looked like they came out of like 37 00:02:05,840 --> 00:02:09,240 Speaker 1: old castles, basically bath tubs, vanities. I mean really, as 38 00:02:09,280 --> 00:02:12,679 Speaker 1: far as the eye can see, you're looking at pieces 39 00:02:12,960 --> 00:02:15,600 Speaker 1: of older homes, like and or poor things that just 40 00:02:15,880 --> 00:02:17,680 Speaker 1: were never used in the first place. Similar stuff is 41 00:02:17,720 --> 00:02:20,120 Speaker 1: brand new at that place, but it's just deeply discounted, 42 00:02:20,360 --> 00:02:22,360 Speaker 1: and so we went this weekend as a family to 43 00:02:22,400 --> 00:02:25,240 Speaker 1: kind of check it out, and man, there was a 44 00:02:25,280 --> 00:02:28,200 Speaker 1: lot of good stuff that that we're totally considering in 45 00:02:28,440 --> 00:02:31,280 Speaker 1: in particular, like with like a door, you can save 46 00:02:31,440 --> 00:02:34,680 Speaker 1: so much money buying the door gently used instead of 47 00:02:34,680 --> 00:02:36,880 Speaker 1: buying it brand new. Um, it's just one of those 48 00:02:36,880 --> 00:02:38,320 Speaker 1: things that you know, a lot of towns have a 49 00:02:38,360 --> 00:02:40,639 Speaker 1: habitat restore and that's a place worth going to. We've 50 00:02:40,680 --> 00:02:42,440 Speaker 1: got one right around the corner from from where we 51 00:02:42,480 --> 00:02:45,040 Speaker 1: live here. But life Cycle was like ten times a size. Man. 52 00:02:45,040 --> 00:02:49,120 Speaker 1: It's like it's like the Walmart of of like reused 53 00:02:49,160 --> 00:02:51,000 Speaker 1: stuff in in our town at least, But it doesn't 54 00:02:51,000 --> 00:02:53,120 Speaker 1: feel like a Walmart. It feels more like an antique store, 55 00:02:53,240 --> 00:02:55,080 Speaker 1: right Like. I feel like that's the biggest difference between 56 00:02:55,080 --> 00:02:58,560 Speaker 1: like a life Cycle and a Habitat restore is like 57 00:02:58,560 --> 00:03:00,359 Speaker 1: stuff at a habitat restore it kind of us feel 58 00:03:00,360 --> 00:03:03,639 Speaker 1: like a Walmart. You know, it's like kind of subpar products. 59 00:03:03,639 --> 00:03:05,119 Speaker 1: They'll have a bunch of things that are brand new 60 00:03:05,160 --> 00:03:06,760 Speaker 1: that just are kind of i don't know, like lower 61 00:03:06,840 --> 00:03:10,520 Speaker 1: quality basically, whereas like the life cycle of grade materials. Yeah, yeah, 62 00:03:10,720 --> 00:03:14,160 Speaker 1: not that builder grade means bad necessarily, but I don't know. 63 00:03:14,760 --> 00:03:17,840 Speaker 1: We do feel that way. The language we use points 64 00:03:17,880 --> 00:03:19,760 Speaker 1: to that. But but yeah, like the life cycle, I 65 00:03:19,760 --> 00:03:21,679 Speaker 1: feel like it's it's more like an antique store and 66 00:03:21,720 --> 00:03:24,600 Speaker 1: you can find really cool old stuff. And I remember, 67 00:03:24,840 --> 00:03:27,120 Speaker 1: like now, we went there specifically to look for a 68 00:03:27,160 --> 00:03:29,440 Speaker 1: wood burning stove. This is a few years ago back 69 00:03:29,440 --> 00:03:32,120 Speaker 1: when we were first thinking about adding a wood burning 70 00:03:32,120 --> 00:03:34,040 Speaker 1: stove to our house, and we couldn't find one. But 71 00:03:34,160 --> 00:03:36,320 Speaker 1: the reason we knew that they would have them occasionally 72 00:03:36,360 --> 00:03:38,200 Speaker 1: is because we've seen them there before. So yeah, I'm 73 00:03:38,240 --> 00:03:39,960 Speaker 1: not sure if where you live you have one of 74 00:03:39,960 --> 00:03:42,040 Speaker 1: these types of places, but if you do, yeah, it's 75 00:03:42,040 --> 00:03:46,080 Speaker 1: definitely a great spot to find some high quality used 76 00:03:46,240 --> 00:03:48,960 Speaker 1: or you know, kind of antique pieces of old homes. 77 00:03:49,160 --> 00:03:51,320 Speaker 1: And you mentioned doors. I mean that's exactly what like 78 00:03:51,320 --> 00:03:52,800 Speaker 1: the next time Kate and I get like, we're thinking 79 00:03:52,800 --> 00:03:55,280 Speaker 1: about maybe swapping out our front door because dude, like 80 00:03:55,320 --> 00:03:58,240 Speaker 1: our front door kind of sucks. Like it's very clearly 81 00:03:58,240 --> 00:04:00,400 Speaker 1: from the nineties. It kind of has like cut glass 82 00:04:00,400 --> 00:04:03,600 Speaker 1: design and it's a solid door. It's perfectly fine, but 83 00:04:03,640 --> 00:04:05,120 Speaker 1: it would be really cool if we were able to 84 00:04:05,160 --> 00:04:06,800 Speaker 1: find one that was made of wood that was maybe 85 00:04:06,880 --> 00:04:09,240 Speaker 1: kind of a little more I don't know, something more 86 00:04:09,280 --> 00:04:11,680 Speaker 1: original to to our house instead of this, uh, this 87 00:04:11,720 --> 00:04:14,440 Speaker 1: store that was put in, you know, over twenty years ago. 88 00:04:14,640 --> 00:04:16,800 Speaker 1: But yeah, you want something like a hundred years old 89 00:04:16,800 --> 00:04:19,400 Speaker 1: like like that actually fits the style exactly. Yeah, Like 90 00:04:19,440 --> 00:04:21,520 Speaker 1: the whole rest of our house looks very old except 91 00:04:21,560 --> 00:04:25,800 Speaker 1: for this weird store exactly got a modern door, so well, 92 00:04:25,800 --> 00:04:27,600 Speaker 1: that is the place to look. And then I saw 93 00:04:27,640 --> 00:04:29,800 Speaker 1: some light fixtures there that were just incredible, some of 94 00:04:29,839 --> 00:04:32,760 Speaker 1: which look like they belong in a ballroom or something 95 00:04:32,800 --> 00:04:35,080 Speaker 1: like that. I mean, just some really cool stuff. So yeah, 96 00:04:35,279 --> 00:04:37,280 Speaker 1: just hang that up in your bathroom. Yeah, I guess 97 00:04:37,279 --> 00:04:38,840 Speaker 1: I could. People would hit their heads on it would 98 00:04:38,880 --> 00:04:41,400 Speaker 1: be way too big. But it's uh, it's one of 99 00:04:41,440 --> 00:04:43,920 Speaker 1: those things where I think there are a lot of 100 00:04:44,000 --> 00:04:47,479 Speaker 1: people who could benefit from shopping in a place like 101 00:04:47,520 --> 00:04:51,159 Speaker 1: that as opposed to just instinctively going to the big 102 00:04:51,160 --> 00:04:54,080 Speaker 1: box store that sells the big box hardware store. Right, 103 00:04:54,279 --> 00:04:57,160 Speaker 1: you're gonna save some money, there's gonna be less waste involved, 104 00:04:57,520 --> 00:04:59,240 Speaker 1: and you might find something that you like better too. 105 00:04:59,480 --> 00:05:01,840 Speaker 1: Oh yeah, you way more likely to find something unique there, 106 00:05:01,880 --> 00:05:05,240 Speaker 1: for sure. Let's introduce the beer for this episode. This 107 00:05:05,360 --> 00:05:10,160 Speaker 1: is actually another non alcoholic near beer from Right Side 108 00:05:10,200 --> 00:05:12,880 Speaker 1: Brewing and this is their Citrus Wheet. Looking forward to 109 00:05:12,960 --> 00:05:15,240 Speaker 1: enjoying this one and talking about it at the end 110 00:05:15,320 --> 00:05:17,560 Speaker 1: of the episode. But let's move on to the subject 111 00:05:17,560 --> 00:05:19,520 Speaker 1: at hand, Matt. Today unless year, we're talking about the 112 00:05:19,560 --> 00:05:22,880 Speaker 1: temptation to spend. It's getting real and Uh. When we 113 00:05:22,880 --> 00:05:25,599 Speaker 1: were talking about what this episode would look like, Matt, 114 00:05:25,640 --> 00:05:28,080 Speaker 1: it made me think about I know there's a lot 115 00:05:28,120 --> 00:05:30,320 Speaker 1: of people out there that beat themselves up over a 116 00:05:30,400 --> 00:05:33,320 Speaker 1: purchase that they made that they can't take back, and 117 00:05:33,400 --> 00:05:35,200 Speaker 1: it's probably not the healthiest thing to do. But it's 118 00:05:35,200 --> 00:05:37,680 Speaker 1: something I've done before when I've made a purchase and 119 00:05:37,720 --> 00:05:40,840 Speaker 1: I'm like, I go past the return window and now 120 00:05:40,839 --> 00:05:43,600 Speaker 1: I'm stuck with it, right, uh, and I kind of 121 00:05:43,800 --> 00:05:45,919 Speaker 1: will break myself over the coals. I feel like I 122 00:05:45,960 --> 00:05:47,479 Speaker 1: just gotta get a couple of jabs in so that 123 00:05:47,520 --> 00:05:49,680 Speaker 1: I remember not to do that in the future. And 124 00:05:49,800 --> 00:05:51,920 Speaker 1: that's probably not like jabs on your own self. Yeah, 125 00:05:51,960 --> 00:05:53,960 Speaker 1: that's probably not healthy, not the best way to approach it, 126 00:05:54,040 --> 00:05:57,039 Speaker 1: but sometimes that happens, right and Um, over the years, 127 00:05:57,160 --> 00:05:59,680 Speaker 1: I have become I would say a better spender. I 128 00:05:59,680 --> 00:06:03,280 Speaker 1: think I was a more thoughtless spender when I was younger, 129 00:06:03,680 --> 00:06:07,200 Speaker 1: and I think we all need a dose of like 130 00:06:07,240 --> 00:06:09,880 Speaker 1: thoughtfulness when it comes to how we spend, and right 131 00:06:09,920 --> 00:06:13,520 Speaker 1: now is a crucial time to discuss spending in more detail. 132 00:06:14,120 --> 00:06:18,320 Speaker 1: There have been stories already talking about how American spending 133 00:06:18,360 --> 00:06:21,360 Speaker 1: is ramping up, and it's specifically on clothing. That's one 134 00:06:21,440 --> 00:06:24,800 Speaker 1: of the items people are spending more on their wardrobes 135 00:06:25,240 --> 00:06:29,520 Speaker 1: these days. And apparently comes after a year he's basically like, Wow, Okay, 136 00:06:29,520 --> 00:06:32,480 Speaker 1: maybe I shouldn't go out in public with the sweatpants 137 00:06:32,480 --> 00:06:34,600 Speaker 1: on it, right, Yeah, because they're going out in public more, 138 00:06:34,640 --> 00:06:36,680 Speaker 1: whereas we hold up in our homes there for a 139 00:06:36,680 --> 00:06:38,680 Speaker 1: long time. And it kind of seemed to think that 140 00:06:38,680 --> 00:06:41,120 Speaker 1: that that this could be an early hint of a 141 00:06:41,160 --> 00:06:44,640 Speaker 1: spending spree unlike anything we've ever seen before, that the 142 00:06:44,640 --> 00:06:48,080 Speaker 1: floodgates of spending are opening in this country. Um, And 143 00:06:48,120 --> 00:06:49,920 Speaker 1: I think part of it's because of the influx of 144 00:06:50,040 --> 00:06:54,159 Speaker 1: stimulus money, the economic recovery really being in full swing, 145 00:06:54,480 --> 00:06:56,800 Speaker 1: and then folks being just a little bit tired of 146 00:06:56,839 --> 00:06:59,200 Speaker 1: being at home as much as they have been spending 147 00:06:59,240 --> 00:07:01,920 Speaker 1: money might feel like the only sane thing for a 148 00:07:02,000 --> 00:07:04,839 Speaker 1: lot of folks to do. And I think we're okay 149 00:07:04,880 --> 00:07:07,400 Speaker 1: with people spending more money, but there are some important 150 00:07:07,560 --> 00:07:10,480 Speaker 1: things to take into consideration before we just go out 151 00:07:10,520 --> 00:07:13,120 Speaker 1: there and start spending ad nausea. Yeah, you know, since 152 00:07:13,160 --> 00:07:15,400 Speaker 1: there is so much of this pent up demand, it's 153 00:07:15,440 --> 00:07:17,080 Speaker 1: it's gonna be easy to, I think, to fall prey 154 00:07:17,160 --> 00:07:19,520 Speaker 1: to some poor spending choices. It kind of makes me 155 00:07:19,560 --> 00:07:21,520 Speaker 1: think of, like maybe what it must be for for 156 00:07:21,560 --> 00:07:23,520 Speaker 1: someone living abroad for a year or two, right, Like 157 00:07:23,760 --> 00:07:27,240 Speaker 1: you probably over indulge on cheeseburgers, like maybe for a 158 00:07:27,280 --> 00:07:29,000 Speaker 1: month or two, like like once you come back to 159 00:07:29,040 --> 00:07:31,600 Speaker 1: the States. For many of us, it doesn't feel like 160 00:07:31,600 --> 00:07:34,080 Speaker 1: we've spent much over the past year. We've essentially been 161 00:07:34,120 --> 00:07:36,840 Speaker 1: forced into spending less because of COVID lockdowns and the 162 00:07:37,240 --> 00:07:40,280 Speaker 1: inability to to eat out at our favorite spots at all, 163 00:07:40,520 --> 00:07:42,560 Speaker 1: you know, for a while, or as maybe as frequently 164 00:07:42,560 --> 00:07:44,720 Speaker 1: as we might have before. But again, yeah, we just 165 00:07:44,720 --> 00:07:46,480 Speaker 1: want to make sure that we're not getting carried away 166 00:07:46,920 --> 00:07:49,080 Speaker 1: as more of us get vaccinated and get back to 167 00:07:49,120 --> 00:07:51,480 Speaker 1: at least a bit more normalcy than we've been used to. 168 00:07:51,640 --> 00:07:53,880 Speaker 1: So that's what we're discussing today how to spend our 169 00:07:53,920 --> 00:07:56,840 Speaker 1: money more wisely. Yeah, and a lot of Americans are 170 00:07:56,880 --> 00:07:58,720 Speaker 1: in a decent spot when it comes to the amount 171 00:07:58,720 --> 00:08:01,320 Speaker 1: of death that they've been raking up on their credit cards. 172 00:08:01,680 --> 00:08:04,800 Speaker 1: According to one of the major credit bureaus, Experience, there 173 00:08:04,840 --> 00:08:08,040 Speaker 1: was a seventy three billion dollar decrease in overall credit 174 00:08:08,080 --> 00:08:10,440 Speaker 1: card debt last year, and a lot of that was 175 00:08:10,600 --> 00:08:14,800 Speaker 1: due to the pandemic. People were taking extra money they had, 176 00:08:14,800 --> 00:08:16,520 Speaker 1: they were paying off their credit card debt instead of 177 00:08:16,600 --> 00:08:19,320 Speaker 1: racking up more, and that means that it was about 178 00:08:19,320 --> 00:08:22,480 Speaker 1: an average decrease of eight hundred and seventy nine dollars 179 00:08:22,760 --> 00:08:25,640 Speaker 1: on the average credit card balance. That's great news for 180 00:08:25,680 --> 00:08:28,240 Speaker 1: a whole lot of folks. But the trick now is 181 00:08:28,280 --> 00:08:30,720 Speaker 1: to make sure that we don't immediately return to our 182 00:08:30,720 --> 00:08:33,880 Speaker 1: old ways. It's okay to spend money, but the temptation 183 00:08:33,960 --> 00:08:37,480 Speaker 1: to spend more than you can afford to or should 184 00:08:37,480 --> 00:08:39,960 Speaker 1: be spending right is going to be real in the 185 00:08:39,960 --> 00:08:42,720 Speaker 1: coming months. That allure to spend and let that credit 186 00:08:42,760 --> 00:08:45,640 Speaker 1: card debt hang around just a little bit longer than 187 00:08:45,679 --> 00:08:47,839 Speaker 1: you planned to let it hang around is going to 188 00:08:47,920 --> 00:08:50,720 Speaker 1: be real to you. You can probably justify it as 189 00:08:50,920 --> 00:08:54,440 Speaker 1: your spending desires increase, so it's important to do what 190 00:08:54,600 --> 00:08:56,840 Speaker 1: you can to combat those urges. And we've got some 191 00:08:56,880 --> 00:08:59,080 Speaker 1: ideas on how to do that for you today. Yeah. 192 00:08:59,160 --> 00:09:01,560 Speaker 1: In that same report by Experience, they talked about the 193 00:09:01,559 --> 00:09:04,280 Speaker 1: different states who that that normally carry the highest credit 194 00:09:04,280 --> 00:09:07,240 Speaker 1: card balances and how they saw the highest percentage of 195 00:09:07,320 --> 00:09:09,960 Speaker 1: decreased amount of debt on their credit cards, meaning that 196 00:09:10,640 --> 00:09:13,200 Speaker 1: though those states were carrying large balances, those folks showed 197 00:09:13,200 --> 00:09:16,320 Speaker 1: an incredible amount of control over their finances when it 198 00:09:16,360 --> 00:09:18,280 Speaker 1: came to it, you know. And so that just highlights 199 00:09:18,360 --> 00:09:20,240 Speaker 1: the fact that we do have way more control than 200 00:09:20,480 --> 00:09:23,120 Speaker 1: I think we give ourselves credit for. And an important 201 00:09:23,160 --> 00:09:25,240 Speaker 1: part of this is to question sort of the the 202 00:09:25,280 --> 00:09:27,959 Speaker 1: deeper reasons why it is that we're tempted to spend money, 203 00:09:27,960 --> 00:09:30,200 Speaker 1: you know, like ask yourself, do you actually need the 204 00:09:30,200 --> 00:09:32,520 Speaker 1: thing that you've been pining after or maybe you're just bored. 205 00:09:32,920 --> 00:09:35,680 Speaker 1: Pinpointing the root cause can help you to react, you know, 206 00:09:35,760 --> 00:09:38,440 Speaker 1: differently in the future. U It can remind you maybe 207 00:09:38,480 --> 00:09:40,480 Speaker 1: that you know, the browsing that you're doing or the 208 00:09:40,480 --> 00:09:42,959 Speaker 1: stuff that you're buying. It's really just an attempt to 209 00:09:43,240 --> 00:09:45,480 Speaker 1: maybe even just paper over something else that's going on, 210 00:09:45,640 --> 00:09:48,000 Speaker 1: or you know, often being bored or maybe even being sad. 211 00:09:48,320 --> 00:09:50,200 Speaker 1: And you know, if you are able to recognize those things, 212 00:09:50,200 --> 00:09:53,280 Speaker 1: those are feelings that you don't need to just shove 213 00:09:53,320 --> 00:09:55,360 Speaker 1: deeper inside that you don't address. This is something you 214 00:09:55,360 --> 00:09:57,240 Speaker 1: need to talk to your friend or talk to your 215 00:09:57,240 --> 00:09:59,640 Speaker 1: partner about. We're not fans of retail therapy at all, 216 00:10:00,000 --> 00:10:01,120 Speaker 1: and we feel that if you were to try to 217 00:10:01,120 --> 00:10:04,280 Speaker 1: spend your way out of that dull drum, that's, yeah, 218 00:10:04,360 --> 00:10:07,080 Speaker 1: you're probably gonna find yourself in an even worse position 219 00:10:07,160 --> 00:10:09,560 Speaker 1: down the road. Yeah. Instead of retail therapy, you can 220 00:10:09,559 --> 00:10:12,320 Speaker 1: actually spend money to get actual therapy, like talk to 221 00:10:12,400 --> 00:10:15,439 Speaker 1: somebody and get some real thing. Yeah, and that that's 222 00:10:15,480 --> 00:10:16,880 Speaker 1: gonna be a whole lot better for you and a 223 00:10:16,920 --> 00:10:18,920 Speaker 1: whole lot, whole lot better for your budget. Yeah. Sometimes 224 00:10:18,960 --> 00:10:21,200 Speaker 1: you'll hear folks say that it's yeah, more affordable to 225 00:10:21,240 --> 00:10:23,600 Speaker 1: go shopping than it is to go see a counselor 226 00:10:23,640 --> 00:10:25,880 Speaker 1: It's like, in reality, I actually think that would be 227 00:10:25,920 --> 00:10:28,240 Speaker 1: a wiser decision. You can go and see ac counselor 228 00:10:28,320 --> 00:10:30,679 Speaker 1: go and talk to somebody, and yeah, the shopping habit 229 00:10:30,720 --> 00:10:33,920 Speaker 1: can get more expensive than seeking professional help us for sure. 230 00:10:34,320 --> 00:10:37,000 Speaker 1: It's also important to remember that there are meaningful trade 231 00:10:37,000 --> 00:10:39,880 Speaker 1: offs and other sacrifices that you're making when you do 232 00:10:40,000 --> 00:10:43,360 Speaker 1: spend haphazardly. It's really tough to see them in the 233 00:10:43,440 --> 00:10:46,480 Speaker 1: moment when you're blinded by the cool new item and 234 00:10:46,720 --> 00:10:49,000 Speaker 1: all you can think is how much better would things 235 00:10:49,040 --> 00:10:51,360 Speaker 1: be in my life if I own that? If I 236 00:10:51,360 --> 00:10:53,160 Speaker 1: like got on my credit card and made sure that 237 00:10:53,200 --> 00:10:55,559 Speaker 1: was in my life right now, that's what you're feeling. 238 00:10:55,800 --> 00:10:58,600 Speaker 1: But the truth is that purchase, if it's done on 239 00:10:58,600 --> 00:11:01,559 Speaker 1: a whim, is likely not something that will bring much 240 00:11:01,640 --> 00:11:04,320 Speaker 1: joy or satisfaction in your life over the long run, 241 00:11:04,679 --> 00:11:07,440 Speaker 1: and it will actually detract from the bigger and more 242 00:11:07,480 --> 00:11:11,079 Speaker 1: significant things that not spending that money does for you. 243 00:11:11,320 --> 00:11:13,320 Speaker 1: That's why it's important to have those bigger money goals 244 00:11:13,360 --> 00:11:15,480 Speaker 1: identified so that you can look to those as your 245 00:11:15,520 --> 00:11:19,280 Speaker 1: guiding light when that spending appetite begins to gnaw at you. Right, 246 00:11:19,679 --> 00:11:22,720 Speaker 1: having a bigger goal helps you see exactly the trade 247 00:11:22,760 --> 00:11:26,559 Speaker 1: off that you're making when you make piddally smaller purchases, 248 00:11:27,120 --> 00:11:29,520 Speaker 1: because those are eating away at the bigger goal, and 249 00:11:29,559 --> 00:11:31,560 Speaker 1: it's important to see that in real time. Yeah, so 250 00:11:31,559 --> 00:11:33,560 Speaker 1: that's one of the reasons why it's you know, important 251 00:11:33,600 --> 00:11:37,119 Speaker 1: to make wise purchases. And aside from the financial applications, 252 00:11:37,280 --> 00:11:39,520 Speaker 1: curry being the massive amount of trash, dude, in the 253 00:11:39,600 --> 00:11:41,959 Speaker 1: in the waste you know, that we create every single day, 254 00:11:42,000 --> 00:11:45,120 Speaker 1: that's a great reason to avoid falling prey to that 255 00:11:45,280 --> 00:11:48,400 Speaker 1: spending temptation that we're that we're being faced with. Dude. 256 00:11:48,400 --> 00:11:50,320 Speaker 1: According to the e p A, we create around five 257 00:11:50,320 --> 00:11:53,080 Speaker 1: pounds of waste every single day, which is kind of 258 00:11:53,080 --> 00:11:55,400 Speaker 1: mind blowing, Like five pounds is a lot. And to 259 00:11:55,520 --> 00:11:57,480 Speaker 1: the largest amount of waste that's filling up our landfills 260 00:11:57,559 --> 00:12:00,400 Speaker 1: is food, which is at around of all that goes 261 00:12:00,559 --> 00:12:03,680 Speaker 1: to landfills, and plastics, which is like that second and 262 00:12:03,679 --> 00:12:06,720 Speaker 1: that's at eight. And these are two areas that I feel, 263 00:12:06,800 --> 00:12:09,040 Speaker 1: you know, again, we have tremendous amount of control over 264 00:12:09,400 --> 00:12:12,080 Speaker 1: UH and spending wisely could have a pretty huge impact 265 00:12:12,160 --> 00:12:13,880 Speaker 1: on the amount of waste in our lives, on the 266 00:12:13,880 --> 00:12:15,959 Speaker 1: amount of waste that we're you know, that's getting hauled 267 00:12:15,960 --> 00:12:18,440 Speaker 1: off to the landfills. Have. The less we consume, the 268 00:12:18,520 --> 00:12:21,240 Speaker 1: less waste we're producing. Literally, the less we consume or 269 00:12:21,360 --> 00:12:23,000 Speaker 1: think we're gonna consume, and then to just throw in 270 00:12:23,040 --> 00:12:24,800 Speaker 1: the trash, like we think we're gonna eat that food, 271 00:12:25,040 --> 00:12:26,920 Speaker 1: but instead it just goes to waste. And same I mean, 272 00:12:26,920 --> 00:12:28,760 Speaker 1: and just plastics as well. I mean, so much in 273 00:12:28,760 --> 00:12:31,160 Speaker 1: our lives is just made from plastic, whether it's packaging, 274 00:12:31,360 --> 00:12:33,800 Speaker 1: if for other stuff that we buy, or just you know, 275 00:12:33,880 --> 00:12:36,559 Speaker 1: throw away goods that are meant to be obsolete after 276 00:12:36,600 --> 00:12:39,320 Speaker 1: a year. Yeah, it's a financial and an environmental problem 277 00:12:39,360 --> 00:12:42,720 Speaker 1: at the same time that we're basically working to remedy 278 00:12:43,160 --> 00:12:45,920 Speaker 1: with our actions, um and by avoiding some of the 279 00:12:45,960 --> 00:12:49,000 Speaker 1: spending temptations that that pop up. And not only is 280 00:12:49,080 --> 00:12:52,160 Speaker 1: mindless spending bad for the environment, it's likely just it's 281 00:12:52,200 --> 00:12:54,160 Speaker 1: not a very good thing for us as individuals as well. 282 00:12:54,280 --> 00:12:57,200 Speaker 1: Right Over, spending at restaurants isn't great for our health. 283 00:12:57,520 --> 00:13:00,080 Speaker 1: If we opt for a dessert and two drinks on 284 00:13:00,120 --> 00:13:02,920 Speaker 1: top of our on top of our main course, we're 285 00:13:02,960 --> 00:13:05,040 Speaker 1: going to not only gain weight, but we're gonna spend 286 00:13:05,040 --> 00:13:07,240 Speaker 1: more money. Or like the fried foods. For me, it's 287 00:13:07,240 --> 00:13:09,000 Speaker 1: always the fried foods because like we don't fry food 288 00:13:09,040 --> 00:13:10,920 Speaker 1: at home, and so like when I look at a menu, 289 00:13:10,960 --> 00:13:13,760 Speaker 1: I'm always like, okay, what is your Yeah, I'm like, 290 00:13:13,800 --> 00:13:15,320 Speaker 1: what what's on the men you here that we never 291 00:13:15,320 --> 00:13:17,319 Speaker 1: cook at home? Because to me, that's you know, that's 292 00:13:17,320 --> 00:13:19,240 Speaker 1: where the value lies. But it's also not you know, 293 00:13:19,280 --> 00:13:21,800 Speaker 1: it's not good for my arteries. I'm always going for 294 00:13:21,880 --> 00:13:24,400 Speaker 1: the French fries. Truth. Yeah, And I think to buying 295 00:13:24,400 --> 00:13:27,400 Speaker 1: on a whim reduces our own self discipline and it 296 00:13:27,480 --> 00:13:31,280 Speaker 1: turns our focus inward as opposed to looking around to others. 297 00:13:31,520 --> 00:13:35,079 Speaker 1: There's an entire host of reasons why it's bad to 298 00:13:35,160 --> 00:13:37,600 Speaker 1: impulse spend. So we're gonna give some concrete ways to 299 00:13:37,640 --> 00:13:40,839 Speaker 1: help you curb unwide spending, to avoid some of those 300 00:13:40,840 --> 00:13:43,200 Speaker 1: spending temptations. They're gonna be cropping up more and more. 301 00:13:43,240 --> 00:13:54,400 Speaker 1: We'll get to those right after this break. Al Right, 302 00:13:54,480 --> 00:13:57,760 Speaker 1: we are back. We're talking about how the temptation to 303 00:13:57,920 --> 00:14:00,360 Speaker 1: spend money, how it's just getting a credib the real 304 00:14:00,440 --> 00:14:02,800 Speaker 1: these days. Angel, Let's just talk about some of the 305 00:14:02,800 --> 00:14:05,640 Speaker 1: things that we can do instead of actually spending our money. 306 00:14:05,679 --> 00:14:07,720 Speaker 1: You know, if you're maybe thinking about making a purchase, 307 00:14:07,720 --> 00:14:09,880 Speaker 1: we're gonna offer up a few different mental tricks, some 308 00:14:09,920 --> 00:14:12,840 Speaker 1: different tactics here that can help you to avoid those 309 00:14:12,880 --> 00:14:15,199 Speaker 1: on wise decisions. First of all, one of the things 310 00:14:15,240 --> 00:14:17,120 Speaker 1: we suggest, and you're kind of touching on this before 311 00:14:17,120 --> 00:14:20,760 Speaker 1: the break, but uh, substitute that temptation to spend with 312 00:14:20,840 --> 00:14:23,720 Speaker 1: a financial goal. If you pause long enough, can you 313 00:14:23,760 --> 00:14:26,600 Speaker 1: identify something that you would maybe rather do with your 314 00:14:26,600 --> 00:14:29,080 Speaker 1: money instead of spend it. We challenge you to to 315 00:14:29,120 --> 00:14:31,120 Speaker 1: think through like what, really, you know, big and crazy 316 00:14:31,160 --> 00:14:33,600 Speaker 1: goal could you reach if you opted out of this 317 00:14:33,760 --> 00:14:36,120 Speaker 1: short term purchase. So for you, it might help to 318 00:14:36,200 --> 00:14:39,440 Speaker 1: run some basic math to see what those unspent funds 319 00:14:39,640 --> 00:14:41,480 Speaker 1: can turn into if you keep it in your bank account, 320 00:14:41,680 --> 00:14:44,040 Speaker 1: or maybe even if you invest it instead of spending it, 321 00:14:44,120 --> 00:14:47,200 Speaker 1: say maybe on that new watch. And as we say this, 322 00:14:47,320 --> 00:14:50,359 Speaker 1: if you think that doesn't get me very excited at all, 323 00:14:50,400 --> 00:14:52,640 Speaker 1: like saving money or investing that money and sticking it 324 00:14:52,680 --> 00:14:54,920 Speaker 1: in the bank, Uh, that doesn't get me pumped to 325 00:14:54,960 --> 00:14:57,200 Speaker 1: do anything, right. I think what we would say then 326 00:14:57,280 --> 00:14:59,160 Speaker 1: is that you need to think two bigger goals. Like 327 00:14:59,240 --> 00:15:01,640 Speaker 1: if you don't get sided about like some sort of 328 00:15:01,640 --> 00:15:03,520 Speaker 1: far off goal that's going to take you multiple years 329 00:15:03,520 --> 00:15:05,880 Speaker 1: to achieve. I think that means you're not dreaming big enough. 330 00:15:06,080 --> 00:15:07,920 Speaker 1: Maybe that means you're signed up and you're pursuing somebody 331 00:15:07,920 --> 00:15:09,840 Speaker 1: else's goal, you know, Like you've heard that is good 332 00:15:09,840 --> 00:15:12,320 Speaker 1: to save for a retirement, But in your mind, anytime 333 00:15:12,320 --> 00:15:13,960 Speaker 1: you say retirement, you just kind of die a little 334 00:15:13,960 --> 00:15:17,400 Speaker 1: bit inside, Like for you, maybe that means, yeah, it 335 00:15:17,400 --> 00:15:19,840 Speaker 1: feels very far away. And obviously we've talked about how 336 00:15:19,920 --> 00:15:23,240 Speaker 1: retirement it just brings a different connotation to it than 337 00:15:23,400 --> 00:15:26,360 Speaker 1: financial independence. And so maybe it's just semantics, you know, 338 00:15:26,400 --> 00:15:28,280 Speaker 1: like maybe for you, what that means is instead of 339 00:15:28,280 --> 00:15:31,480 Speaker 1: saying retirement, I'm saving to become financially independent, I'm saving 340 00:15:31,520 --> 00:15:33,000 Speaker 1: up to be able to start my own business, to 341 00:15:33,040 --> 00:15:35,280 Speaker 1: owning your own time at an earlier age. Yes, yeah, 342 00:15:35,320 --> 00:15:37,600 Speaker 1: And so just whatever it is, figure out what that is. Like, 343 00:15:37,640 --> 00:15:40,240 Speaker 1: maybe it's travel. It's not retirement, it's the ability to 344 00:15:40,280 --> 00:15:42,640 Speaker 1: travel around the world and just see lots of amazing 345 00:15:42,640 --> 00:15:44,280 Speaker 1: things that you've never been able to see up until 346 00:15:44,280 --> 00:15:48,280 Speaker 1: this point. But dream bigger, like like identify whatever goals 347 00:15:48,440 --> 00:15:51,080 Speaker 1: it is that get you excited to avoid some of 348 00:15:51,080 --> 00:15:55,000 Speaker 1: these smaller, dumber, you know, purchases in the near term. Certainly, 349 00:15:55,000 --> 00:15:57,160 Speaker 1: there's some things that we have to buy in order 350 00:15:57,160 --> 00:15:58,800 Speaker 1: to get by, but there's a lot of stuff in 351 00:15:58,800 --> 00:16:00,920 Speaker 1: our lives that we per just you know, like we 352 00:16:00,920 --> 00:16:02,960 Speaker 1: talked about earlier, because we're kind of feeling bummed out 353 00:16:03,000 --> 00:16:04,920 Speaker 1: and we're thinking, Okay, maybe maybe if I just get 354 00:16:04,960 --> 00:16:07,600 Speaker 1: a little hit of that dopamine. Uh, look, left my 355 00:16:07,600 --> 00:16:09,360 Speaker 1: spirits a little bit when I know that package is 356 00:16:09,400 --> 00:16:11,480 Speaker 1: going to show up in the next two days, you know, Yeah, 357 00:16:11,880 --> 00:16:14,960 Speaker 1: And I think another I think another way, Matt, to 358 00:16:15,160 --> 00:16:17,600 Speaker 1: kind of help curb some of that temptations. Some of 359 00:16:17,600 --> 00:16:20,000 Speaker 1: that desire to just spend right now is to do 360 00:16:20,080 --> 00:16:22,400 Speaker 1: some sprint cleaning of the stuff that you already have. 361 00:16:22,880 --> 00:16:26,320 Speaker 1: And I feel like nothing actually helps curb spending like 362 00:16:26,400 --> 00:16:28,800 Speaker 1: getting rid of a bunch of stuff and realizing that 363 00:16:28,840 --> 00:16:32,120 Speaker 1: a clean, organized house is a treasure in and of itself. 364 00:16:32,400 --> 00:16:34,760 Speaker 1: And we've we have been doing a lot of sprin 365 00:16:34,800 --> 00:16:36,680 Speaker 1: cleaning at our house. Some of the stuff we're able 366 00:16:36,720 --> 00:16:38,640 Speaker 1: to donate some of us just trash that we've been 367 00:16:38,640 --> 00:16:41,640 Speaker 1: holding onto, like literally just needs to go in the trash. 368 00:16:41,760 --> 00:16:45,920 Speaker 1: And this is the literal garbage. Yes, broken toys that 369 00:16:45,960 --> 00:16:48,760 Speaker 1: are just completely worthless, Like why are we hanging onto this. 370 00:16:48,960 --> 00:16:52,520 Speaker 1: It's it's broken, and it's it's not reparable. Uh, it 371 00:16:52,560 --> 00:16:55,520 Speaker 1: makes you not want to fill that house back up 372 00:16:55,560 --> 00:16:58,440 Speaker 1: with new stuff. When you go through that exercise. So 373 00:16:58,560 --> 00:17:00,640 Speaker 1: just the act of like tossing some of the stuff 374 00:17:00,640 --> 00:17:02,920 Speaker 1: out of your home can really curb that desire to 375 00:17:02,920 --> 00:17:05,480 Speaker 1: spend money, because you're like, I just spend all this 376 00:17:05,600 --> 00:17:08,439 Speaker 1: time getting rid of stuff, making my house kind of 377 00:17:08,480 --> 00:17:11,040 Speaker 1: feel a little more zen, a little more minimalist, and 378 00:17:11,080 --> 00:17:13,160 Speaker 1: now more peaceful. A little more peaceful. Yeah, I guess 379 00:17:13,160 --> 00:17:16,800 Speaker 1: some candles litting out and it smells oils. Yeah yeah, 380 00:17:17,040 --> 00:17:18,919 Speaker 1: and it just kind of makes you not want to 381 00:17:18,960 --> 00:17:20,960 Speaker 1: bring a bunch of a bunch of junk to clutter 382 00:17:21,000 --> 00:17:23,439 Speaker 1: back up. Yeah. Yeah, you're talking about being inspired basically 383 00:17:23,480 --> 00:17:25,680 Speaker 1: by like a clean and orderly house, but like even 384 00:17:25,720 --> 00:17:27,680 Speaker 1: to just thinking about the items that you're getting rid of, 385 00:17:27,760 --> 00:17:30,640 Speaker 1: Like at some point you spend money on those things, 386 00:17:30,760 --> 00:17:32,879 Speaker 1: you know, like you you decided that, Okay, if I 387 00:17:32,920 --> 00:17:35,440 Speaker 1: trade my hard earned money for these items, it's gonna 388 00:17:35,480 --> 00:17:37,160 Speaker 1: solve a problem, it's gonna make me happier, it's gonna 389 00:17:37,160 --> 00:17:40,280 Speaker 1: make somebody happier. And then by kind of purging and 390 00:17:40,400 --> 00:17:42,320 Speaker 1: just removing all these things from your life, like you 391 00:17:42,320 --> 00:17:44,359 Speaker 1: can identify these things and you and I think that 392 00:17:44,400 --> 00:17:46,520 Speaker 1: can be a reminder to keep us from future purchases. 393 00:17:46,560 --> 00:17:48,400 Speaker 1: As well, right, Like, you see these things and you're like, 394 00:17:48,640 --> 00:17:50,600 Speaker 1: at some point I thought this was gonna bring me happiness, 395 00:17:51,160 --> 00:17:54,240 Speaker 1: and now I'm selling it for pennies on opennies on 396 00:17:54,280 --> 00:17:55,840 Speaker 1: the dollar, or I'm just giving it away or just 397 00:17:55,840 --> 00:17:57,800 Speaker 1: throwing it away. I think that can be a good 398 00:17:57,800 --> 00:18:00,399 Speaker 1: reminder as well too. You know, as we look forward 399 00:18:00,440 --> 00:18:02,879 Speaker 1: and look ahead more purchases in our lives that they 400 00:18:02,920 --> 00:18:05,040 Speaker 1: may not fulfill us in the way that we thought 401 00:18:05,080 --> 00:18:07,040 Speaker 1: they would. And you could, I guess while you're doing this, 402 00:18:07,080 --> 00:18:09,920 Speaker 1: maybe if you remember the price of the your throwing away, 403 00:18:10,119 --> 00:18:14,480 Speaker 1: write that down. But just too much weeding, I don't know. Yeah, 404 00:18:14,680 --> 00:18:16,400 Speaker 1: it's so you know. One trick to like you're talking 405 00:18:16,400 --> 00:18:18,760 Speaker 1: about kind of cleaning out your house. Uh, you know, 406 00:18:18,840 --> 00:18:21,400 Speaker 1: I think a tactic that we can employ to show 407 00:18:21,440 --> 00:18:23,359 Speaker 1: us how little we need and you know how little 408 00:18:23,520 --> 00:18:25,840 Speaker 1: you actually use, is that just basically turn all your 409 00:18:25,880 --> 00:18:28,520 Speaker 1: clothes backwards on the rack in your closet and only 410 00:18:28,520 --> 00:18:30,720 Speaker 1: turn them around once you wear them. This is a 411 00:18:30,760 --> 00:18:32,560 Speaker 1: way that a lot of folks recommend, you know, when 412 00:18:32,600 --> 00:18:35,200 Speaker 1: it comes to kind of downsizing your closet, because then 413 00:18:35,240 --> 00:18:36,400 Speaker 1: at the end of the year, you can give away 414 00:18:36,440 --> 00:18:39,200 Speaker 1: all the clothes that you don't end up wearing over 415 00:18:39,240 --> 00:18:41,399 Speaker 1: the past twelve months, and so this can be helpful 416 00:18:41,400 --> 00:18:44,119 Speaker 1: to declutter and remind yourself of just how many things 417 00:18:44,160 --> 00:18:46,639 Speaker 1: you own that you don't consistently use. It's a you know, 418 00:18:46,640 --> 00:18:48,440 Speaker 1: it's a good reminder that most of us don't need 419 00:18:48,520 --> 00:18:50,880 Speaker 1: new stuff. We just want it. We wanted to kind 420 00:18:50,880 --> 00:18:53,920 Speaker 1: of fill these different voids that you know truly can't 421 00:18:53,920 --> 00:18:56,399 Speaker 1: be filled by purchasing more stuff. And it's not actually 422 00:18:56,400 --> 00:18:58,680 Speaker 1: a physical void in your wardrobe. It's like a void 423 00:18:58,720 --> 00:19:00,879 Speaker 1: somewhere inside of us. Typically, oh yeah, you know it. 424 00:19:01,240 --> 00:19:04,119 Speaker 1: Typically our closets don't have the void. Like that's the problem, right, 425 00:19:04,160 --> 00:19:06,840 Speaker 1: It's like, it's not that I need the extra sweater. 426 00:19:06,880 --> 00:19:10,359 Speaker 1: It's a sweaters. I'm trying to do something inside with 427 00:19:10,440 --> 00:19:13,840 Speaker 1: my internal of my internal happiness, gauge to like ramp 428 00:19:13,920 --> 00:19:15,760 Speaker 1: that up by buying the sweater. It's not that I 429 00:19:15,800 --> 00:19:17,480 Speaker 1: need another one. I feel like in order to start 430 00:19:17,480 --> 00:19:18,919 Speaker 1: saying that a sweater is gonna make you feel good 431 00:19:18,920 --> 00:19:22,360 Speaker 1: about yourself, you have to be like grandfather age. If 432 00:19:22,359 --> 00:19:25,080 Speaker 1: you're like or actually socks that like that's gonna be 433 00:19:25,119 --> 00:19:26,399 Speaker 1: the thing for us once we get older, Like I 434 00:19:26,440 --> 00:19:29,280 Speaker 1: just want a good pair of socks. I do like 435 00:19:29,320 --> 00:19:31,440 Speaker 1: a good pair of socks, and I'm not that old 436 00:19:31,520 --> 00:19:35,919 Speaker 1: you and Jacob Goldstein's when it's right, I think. I 437 00:19:35,960 --> 00:19:39,000 Speaker 1: think another way that you can tackle the temptation to 438 00:19:39,240 --> 00:19:42,760 Speaker 1: spend more money right now is to go the opposite 439 00:19:42,760 --> 00:19:45,840 Speaker 1: direction and attempt to make some quick money. Selling some 440 00:19:45,880 --> 00:19:47,800 Speaker 1: of the stuff that you just cleaned out can be 441 00:19:47,880 --> 00:19:50,840 Speaker 1: kind of like the agin to your spending yang. Earning 442 00:19:51,000 --> 00:19:53,640 Speaker 1: money from the stuff that you aren't using anymore provides 443 00:19:53,920 --> 00:19:56,480 Speaker 1: a similar reward in your brain, yet it doesn't have 444 00:19:56,680 --> 00:20:00,119 Speaker 1: nearly the same harmful side effects. You're you're making progress end, 445 00:20:00,160 --> 00:20:02,920 Speaker 1: you're making cash, and so it feels awesome. So yeah, 446 00:20:02,920 --> 00:20:05,320 Speaker 1: we would suggest listing some of that stuff on Facebook, 447 00:20:05,359 --> 00:20:08,919 Speaker 1: Marketplace or eBay and turn your weakness into a new strength. 448 00:20:09,200 --> 00:20:11,840 Speaker 1: And then if you really do need to buy some 449 00:20:11,920 --> 00:20:13,679 Speaker 1: new things to replace some of the stuff that you're 450 00:20:13,680 --> 00:20:16,760 Speaker 1: getting rid of, limiting the amount you spend to what 451 00:20:16,840 --> 00:20:18,720 Speaker 1: you're able to make from selling off some of those 452 00:20:18,760 --> 00:20:21,639 Speaker 1: old possessions is a great way to restrain consumption and 453 00:20:21,680 --> 00:20:25,360 Speaker 1: keep your budget intact, Because if you're not actually spending 454 00:20:25,400 --> 00:20:28,480 Speaker 1: money that you don't have, putting it on the credit card, 455 00:20:28,520 --> 00:20:31,000 Speaker 1: racking up debt, or even just hurting your budget and 456 00:20:31,000 --> 00:20:33,199 Speaker 1: and hurting those long term goals even if you have 457 00:20:33,280 --> 00:20:36,560 Speaker 1: the money on hand. Such an awesome way to buy 458 00:20:36,600 --> 00:20:39,720 Speaker 1: some of those things that you really are prioritizing is 459 00:20:39,760 --> 00:20:41,959 Speaker 1: to do it with money that you just made from 460 00:20:42,040 --> 00:20:44,600 Speaker 1: getting rid of other stuff you already had. That's right. 461 00:20:44,640 --> 00:20:46,480 Speaker 1: It's another way that you can avoid the temptation to 462 00:20:46,520 --> 00:20:49,840 Speaker 1: spend money is instead of actually purchasing an item, look 463 00:20:49,880 --> 00:20:52,840 Speaker 1: to borrow that item from someone else. Right. I think 464 00:20:52,880 --> 00:20:55,000 Speaker 1: we have an obsession with ownership here in our culture, 465 00:20:55,240 --> 00:20:57,440 Speaker 1: in our country. Uh, you know, it can be good 466 00:20:57,440 --> 00:20:59,679 Speaker 1: when it comes to some things like investments, but for 467 00:20:59,680 --> 00:21:01,320 Speaker 1: the most part, when it comes to I think consumer 468 00:21:01,359 --> 00:21:03,440 Speaker 1: goods tends to be a little overrated and at least 469 00:21:03,440 --> 00:21:05,840 Speaker 1: one shirt and one pair of pants, ownership is not overrated. 470 00:21:05,880 --> 00:21:07,720 Speaker 1: You should have you should have that definitely should have 471 00:21:07,800 --> 00:21:10,159 Speaker 1: them at a minimum. That's that's why it's foundational in 472 00:21:10,160 --> 00:21:13,640 Speaker 1: the hierarchy of needs. But beyond that, it's not necessary. Um, 473 00:21:13,760 --> 00:21:15,080 Speaker 1: you know, I think we even feel the need to 474 00:21:15,080 --> 00:21:17,960 Speaker 1: own things that we will only maybe even just use 475 00:21:18,040 --> 00:21:21,000 Speaker 1: once or twice in our lifetime. Like folks who have 476 00:21:21,080 --> 00:21:22,680 Speaker 1: go out there and like by us at of skis, 477 00:21:22,760 --> 00:21:24,560 Speaker 1: like snow skis, and it's like, oh yeah, like that's 478 00:21:24,560 --> 00:21:26,760 Speaker 1: not something we ever do, but like why do I 479 00:21:26,760 --> 00:21:28,520 Speaker 1: own these? Actually when you live in Georgia and you're like, 480 00:21:28,640 --> 00:21:30,920 Speaker 1: my gosh, I often actually get out to ski, right, Yeah, 481 00:21:30,920 --> 00:21:32,560 Speaker 1: And so it's good because it saves us money, right, 482 00:21:32,560 --> 00:21:35,400 Speaker 1: but it also deepens the relational bond that we have 483 00:21:35,680 --> 00:21:38,000 Speaker 1: with our neighbors or you know, between us and our friends. 484 00:21:38,440 --> 00:21:40,800 Speaker 1: People love helping each other out. Yeah, I think we 485 00:21:40,880 --> 00:21:44,199 Speaker 1: underestimate that, Matt, and I think because our culture it 486 00:21:44,320 --> 00:21:48,360 Speaker 1: prizes self sufficiency so high, so highly, we we feel 487 00:21:48,400 --> 00:21:50,320 Speaker 1: like we're imposing when we ask a friend if we 488 00:21:50,320 --> 00:21:52,520 Speaker 1: can borrow something. But I feel like the opposite is 489 00:21:52,520 --> 00:21:55,240 Speaker 1: actually true. And usually they're glad to lend a hand, 490 00:21:55,520 --> 00:21:58,000 Speaker 1: and they're glad that the thing that they own is 491 00:21:58,080 --> 00:22:00,639 Speaker 1: going to get some use because maybe it's been sitting 492 00:22:00,640 --> 00:22:03,720 Speaker 1: in their shed or you know, in a storage spot 493 00:22:03,760 --> 00:22:05,520 Speaker 1: in their house for a long time and it hasn't 494 00:22:05,560 --> 00:22:08,720 Speaker 1: gotten any use. I recently borrowed a shovel from a 495 00:22:08,760 --> 00:22:11,320 Speaker 1: friend because mine broke, and dude, he was so happy 496 00:22:11,359 --> 00:22:12,959 Speaker 1: to let me borrow it. You're shoveling too hard. When 497 00:22:13,000 --> 00:22:14,919 Speaker 1: ship I was man, that's like I didn't know my 498 00:22:14,960 --> 00:22:17,920 Speaker 1: own strength, you know. And uh, and then I feel 499 00:22:17,960 --> 00:22:21,560 Speaker 1: like now it's opened. It's open this line where hey, 500 00:22:21,600 --> 00:22:23,960 Speaker 1: if he needs to borrow anything in the future, he'll 501 00:22:23,960 --> 00:22:27,200 Speaker 1: call me. There's this reciprocal relationship right where we can 502 00:22:27,240 --> 00:22:30,040 Speaker 1: borrow stuff from each other. And that's just a nice 503 00:22:30,040 --> 00:22:32,600 Speaker 1: thing to have. And and it it goes beyond just 504 00:22:32,840 --> 00:22:35,760 Speaker 1: me not having to drop the twenty bucks on a shovel, 505 00:22:35,880 --> 00:22:38,360 Speaker 1: right and eventually I'm gonna need my own shovel because 506 00:22:38,359 --> 00:22:39,560 Speaker 1: the shovel is one of those things that you use 507 00:22:39,680 --> 00:22:43,200 Speaker 1: quite a bit, right, Um, But it's borrowing someone's microwave 508 00:22:43,240 --> 00:22:47,359 Speaker 1: sort of. It's like, maybe, can't borrow your pants. You 509 00:22:48,720 --> 00:22:50,280 Speaker 1: don't want to do that unless I don't know, maybe 510 00:22:50,280 --> 00:22:52,000 Speaker 1: it's a if it's like a tuxedo and you never 511 00:22:52,040 --> 00:22:54,159 Speaker 1: wear a tuxedo, and it's yeah, that's the kind of 512 00:22:54,200 --> 00:22:56,040 Speaker 1: thing you can borrow from somebody, I think. But it's 513 00:22:56,080 --> 00:22:58,560 Speaker 1: just nice to have friends like that, um, that will 514 00:22:58,640 --> 00:23:00,879 Speaker 1: lend you something. And it's actually be a friend like 515 00:23:00,920 --> 00:23:03,639 Speaker 1: that that's that's willing to lend people the things that 516 00:23:03,720 --> 00:23:05,800 Speaker 1: you have. And and I think that the more that 517 00:23:05,840 --> 00:23:08,439 Speaker 1: we live in a society where we can share with 518 00:23:08,480 --> 00:23:10,720 Speaker 1: each other, like, the better the world is, you know, 519 00:23:10,760 --> 00:23:13,680 Speaker 1: the better we feel about our relationships. That's so true. Man. 520 00:23:13,760 --> 00:23:16,320 Speaker 1: Also to a way they can avoid some of these 521 00:23:16,400 --> 00:23:20,280 Speaker 1: unwise purchases is just by factoring in secondary costs before 522 00:23:20,359 --> 00:23:23,359 Speaker 1: you actually complete that purchase. Right, everything costs more than 523 00:23:23,359 --> 00:23:25,000 Speaker 1: you think. We've talked about this on the show before. 524 00:23:25,240 --> 00:23:27,399 Speaker 1: The actual cost of the item that you're buying is 525 00:23:27,400 --> 00:23:29,640 Speaker 1: almost always going to be more than the price tag 526 00:23:29,680 --> 00:23:31,280 Speaker 1: that you see on it or you know, or that 527 00:23:31,320 --> 00:23:34,040 Speaker 1: sale price if it's on sale. Shipping is often free, 528 00:23:34,040 --> 00:23:36,119 Speaker 1: but you might get charged for some shipping costs. There 529 00:23:36,160 --> 00:23:39,520 Speaker 1: are often sales taxes and you know, maintenance costs. Uh, 530 00:23:39,560 --> 00:23:42,400 Speaker 1: there may be monthly fees for you know, the item, 531 00:23:42,440 --> 00:23:45,159 Speaker 1: depending on what you're bringing into your life and also too, 532 00:23:45,280 --> 00:23:46,879 Speaker 1: you know, just generally speaking, here, don't forget about the 533 00:23:46,880 --> 00:23:48,720 Speaker 1: Didero effect, right, and this is the idea that getting 534 00:23:48,760 --> 00:23:51,840 Speaker 1: something new, it's gonna lead to you wanting even more, 535 00:23:51,920 --> 00:23:53,800 Speaker 1: something even newer to match that new thing. All of 536 00:23:53,840 --> 00:23:56,199 Speaker 1: your old stuff he's gonna start looking kind of shabby. 537 00:23:56,280 --> 00:23:58,320 Speaker 1: Once you get that one upgrade, it kind of leads 538 00:23:58,359 --> 00:24:01,880 Speaker 1: to this this sort of downward spiral of consumption. It's 539 00:24:01,880 --> 00:24:03,959 Speaker 1: a slippery slope and that's something that we want you 540 00:24:04,040 --> 00:24:07,800 Speaker 1: to avoid. Yeah, and I think like one of the 541 00:24:07,840 --> 00:24:12,199 Speaker 1: best examples of something costing more than you think is 542 00:24:12,560 --> 00:24:14,520 Speaker 1: let's say you're getting a new set of golf clubs 543 00:24:15,000 --> 00:24:17,560 Speaker 1: and you know what, now, you're probably gonna want some 544 00:24:17,640 --> 00:24:19,359 Speaker 1: of the fancier golf balls to go along with it, 545 00:24:19,480 --> 00:24:24,000 Speaker 1: right because like the the off brand whatever set of 546 00:24:24,000 --> 00:24:26,320 Speaker 1: golf balls just isn't gonna do it with those sweet 547 00:24:26,320 --> 00:24:28,520 Speaker 1: new titlist clubs, or the or the range balls that 548 00:24:28,560 --> 00:24:30,920 Speaker 1: you stole from the driving range. Like you know who, 549 00:24:30,920 --> 00:24:33,000 Speaker 1: you are not gonna cut it. We know what you did. 550 00:24:33,640 --> 00:24:36,360 Speaker 1: And like then you might get the itch to get 551 00:24:36,400 --> 00:24:39,480 Speaker 1: like fantier golf clothes or to to start playing at 552 00:24:39,560 --> 00:24:42,600 Speaker 1: nicer courses. Um. I call this the if you give 553 00:24:42,640 --> 00:24:45,160 Speaker 1: a mouse a cookie syndrome, Right, It's like he's gonna 554 00:24:45,200 --> 00:24:46,800 Speaker 1: want something else, and then he's gonna want something else 555 00:24:46,840 --> 00:24:49,919 Speaker 1: and it's gonna trigger more and more. And there's truly 556 00:24:49,960 --> 00:24:53,280 Speaker 1: nothing wrong with doing something like upgrading golf clubs. If 557 00:24:53,280 --> 00:24:55,440 Speaker 1: this is a purchase that you spent some real time 558 00:24:55,480 --> 00:24:57,560 Speaker 1: thinking through and it's a hobby that you're committed to, 559 00:24:57,720 --> 00:25:00,400 Speaker 1: right that you do on the regular, but taking those 560 00:25:00,440 --> 00:25:03,359 Speaker 1: secondary costs in the consideration, it might make you think twice. 561 00:25:03,400 --> 00:25:05,199 Speaker 1: Like even if you are an avid golfer, you might 562 00:25:05,240 --> 00:25:08,240 Speaker 1: be like, actually, I am going to forego the golf 563 00:25:08,240 --> 00:25:10,960 Speaker 1: clubs because I do realize it's gonna it's gonna force me, 564 00:25:11,359 --> 00:25:13,960 Speaker 1: or it's at least gonna encourage me to spend money 565 00:25:14,080 --> 00:25:17,360 Speaker 1: more money in other areas of that hobby, and I'm 566 00:25:17,359 --> 00:25:19,159 Speaker 1: not I'm just not ready to do that, So I'm 567 00:25:19,160 --> 00:25:21,840 Speaker 1: gonna continue to put that purchase off. But thinking about 568 00:25:21,880 --> 00:25:24,720 Speaker 1: those secondary costs ahead of time before we make the 569 00:25:24,720 --> 00:25:27,120 Speaker 1: plunge into a purchase can really help us see how 570 00:25:27,200 --> 00:25:29,680 Speaker 1: much that one purchase is actually going to cost us 571 00:25:29,840 --> 00:25:32,240 Speaker 1: as opposed to the price tag, the initial price tag 572 00:25:32,400 --> 00:25:34,359 Speaker 1: and that we think it's gonna cost us. Yes, it's 573 00:25:34,359 --> 00:25:36,160 Speaker 1: going to go into those decisions with your eyes open, 574 00:25:36,200 --> 00:25:38,520 Speaker 1: because even something that's basic as like a bike, like 575 00:25:38,560 --> 00:25:40,760 Speaker 1: we're you know, we're huge fans of bicycling. We're big 576 00:25:40,800 --> 00:25:44,159 Speaker 1: advocates of everything that you know bicyling is able to 577 00:25:44,160 --> 00:25:46,480 Speaker 1: bring into your life. Dude, just yesterday I was I 578 00:25:46,520 --> 00:25:48,600 Speaker 1: replaced the tube in one of the girls bikes because 579 00:25:48,840 --> 00:25:50,359 Speaker 1: you know, she had a hole in it. And so 580 00:25:50,400 --> 00:25:53,800 Speaker 1: they're going to be basic maintenance costs associated with almost anything. 581 00:25:53,800 --> 00:25:55,280 Speaker 1: You know, Like there's very few things that we can 582 00:25:55,320 --> 00:25:57,359 Speaker 1: bring in our lives where it's just like, okay, that's it, 583 00:25:57,800 --> 00:25:59,680 Speaker 1: one and done. It's not gonna cause me to spend 584 00:25:59,680 --> 00:26:02,240 Speaker 1: more money. It's not gonna, you know, require more spending, 585 00:26:02,240 --> 00:26:04,320 Speaker 1: it's not gonna require any maintenance. There's a certain amount 586 00:26:04,359 --> 00:26:06,199 Speaker 1: of you know, we're all about maintenance and maintaining the 587 00:26:06,240 --> 00:26:09,000 Speaker 1: things that we own, properly taking care of things. But 588 00:26:09,080 --> 00:26:10,719 Speaker 1: it's just yeah, like you said, it's good to be 589 00:26:10,800 --> 00:26:12,880 Speaker 1: aware of the fact that there are going to be 590 00:26:13,200 --> 00:26:16,800 Speaker 1: oftentimes other expenses associated with those things. Yeah. Also, we 591 00:26:16,800 --> 00:26:19,760 Speaker 1: would recommend for folks to to turn to exercise instead 592 00:26:19,760 --> 00:26:22,159 Speaker 1: of shopping as well. You know, we often browse our 593 00:26:22,200 --> 00:26:24,800 Speaker 1: favorite store online or in person in order to you know, 594 00:26:24,800 --> 00:26:27,680 Speaker 1: get that quick and easy dopamine release. Um dude, a 595 00:26:27,680 --> 00:26:29,400 Speaker 1: lot of us sit at our computer all day for work, 596 00:26:29,440 --> 00:26:31,840 Speaker 1: you know, and it's incredibly convenient to open a new 597 00:26:31,880 --> 00:26:35,080 Speaker 1: tab to start typing things in Amazon, and before you 598 00:26:35,080 --> 00:26:37,200 Speaker 1: know it, you know, you just drop thirty bucks on 599 00:26:37,280 --> 00:26:41,119 Speaker 1: something that you don't really need but it definitely feels good. Instead, 600 00:26:41,359 --> 00:26:43,600 Speaker 1: we recommend for folks to look to the harder but 601 00:26:43,680 --> 00:26:46,360 Speaker 1: healthier option of exercise. And you don't have to run 602 00:26:46,359 --> 00:26:48,480 Speaker 1: a marathon either, but even just dropping down and you know, 603 00:26:48,480 --> 00:26:50,560 Speaker 1: giving ten twenty push ups, that kind of thing. When 604 00:26:50,600 --> 00:26:54,120 Speaker 1: you maybe start mindlessly shopping online, maybe be your own trills, 605 00:26:54,119 --> 00:26:57,080 Speaker 1: hard hit in that way, grab your grab a little kettlebell, 606 00:26:57,200 --> 00:26:59,920 Speaker 1: do your own swings, uh, like I do. Sometimes it 607 00:27:00,000 --> 00:27:01,560 Speaker 1: can just be the mental release that your brain is 608 00:27:01,600 --> 00:27:04,040 Speaker 1: looking for, not necessarily that you need something new, but 609 00:27:04,119 --> 00:27:06,359 Speaker 1: just you're kind of looking for a distraction. Go for 610 00:27:06,400 --> 00:27:09,320 Speaker 1: the healthier distraction. Yeah, it can divert your brain from 611 00:27:09,359 --> 00:27:10,880 Speaker 1: the thing that you want to do right now, which 612 00:27:10,920 --> 00:27:13,320 Speaker 1: is by something and that's the thing you shouldn't be 613 00:27:13,359 --> 00:27:15,240 Speaker 1: doing in all likelihood. And then it can get your 614 00:27:15,240 --> 00:27:18,119 Speaker 1: blood pumping and it could get you energized to do 615 00:27:18,240 --> 00:27:20,680 Speaker 1: something else right, to tackle the next you know, work 616 00:27:20,720 --> 00:27:23,520 Speaker 1: assignment or whatever it may be. Also to there are 617 00:27:23,600 --> 00:27:26,560 Speaker 1: times when it does make sense to spend some money 618 00:27:26,760 --> 00:27:30,160 Speaker 1: when we do want to spend, and that's okay to write. 619 00:27:30,160 --> 00:27:33,080 Speaker 1: We're not anti spending. We wanted to give some ideas 620 00:27:33,119 --> 00:27:36,119 Speaker 1: and some thoughts for how you can avoid spending money, 621 00:27:36,440 --> 00:27:39,399 Speaker 1: avoid some of that temptation as the temptation is going 622 00:27:39,440 --> 00:27:41,640 Speaker 1: to increase. But we've also got some tips for when 623 00:27:41,640 --> 00:27:44,400 Speaker 1: you're going to spend, how to spend mindfully, and we'll 624 00:27:44,400 --> 00:27:56,320 Speaker 1: get to those right after this break. All right, we're back, 625 00:27:56,359 --> 00:27:58,359 Speaker 1: and so, you know, like we said before the break, 626 00:27:58,400 --> 00:28:01,199 Speaker 1: we're talking about ways to avoid spending money altogether, but 627 00:28:01,520 --> 00:28:03,439 Speaker 1: at a certain point, you gotta buy something, Like there 628 00:28:03,440 --> 00:28:06,720 Speaker 1: are some things that require spending money, and so if 629 00:28:06,720 --> 00:28:08,520 Speaker 1: you're going to do that, you know there's you know, 630 00:28:08,520 --> 00:28:10,240 Speaker 1: like we said earlier too, there's no amount of exercise 631 00:28:10,240 --> 00:28:12,240 Speaker 1: that's going to be able to distract you from buying 632 00:28:12,280 --> 00:28:14,960 Speaker 1: something that you need. And that's okay, but like, let's 633 00:28:14,960 --> 00:28:17,520 Speaker 1: talk about how to spend wisely, in particular, as the 634 00:28:17,520 --> 00:28:20,160 Speaker 1: economy is reopening, it seems like it's starting to fire 635 00:28:20,160 --> 00:28:21,640 Speaker 1: on all cylinders, and so we want to make sure 636 00:28:21,640 --> 00:28:24,480 Speaker 1: that we're not being quickly parted with all of our 637 00:28:24,480 --> 00:28:26,760 Speaker 1: money without even realizing it. And so the first thing 638 00:28:26,760 --> 00:28:29,119 Speaker 1: we'd recommend for folks to do is look to make 639 00:28:29,160 --> 00:28:32,640 Speaker 1: your purchases second hand sites like eBay, that's a great 640 00:28:32,640 --> 00:28:35,560 Speaker 1: place to shop. Instead of always looking to buy something new, 641 00:28:35,840 --> 00:28:38,920 Speaker 1: consider buying something slightly used. You know that someone else 642 00:28:39,000 --> 00:28:41,960 Speaker 1: is selling for way less money than buying it brand 643 00:28:41,960 --> 00:28:44,040 Speaker 1: stinking new. It's like buying a car, man, and it's like, 644 00:28:44,440 --> 00:28:47,840 Speaker 1: take somebody's gently used car because cars run for forever, 645 00:28:47,880 --> 00:28:49,480 Speaker 1: and you're gonna save a ton of money and the 646 00:28:49,480 --> 00:28:51,280 Speaker 1: car still gonna be really nice if you buy it 647 00:28:51,440 --> 00:28:53,440 Speaker 1: four or five years old, as opposed to get in 648 00:28:53,480 --> 00:28:56,160 Speaker 1: the brand new one. Right Like, thrift stores also are 649 00:28:56,280 --> 00:28:59,040 Speaker 1: another great place to get secondhand goods, and Matt we 650 00:28:59,120 --> 00:29:01,280 Speaker 1: talked about shop good Will dot com is a cool 651 00:29:01,280 --> 00:29:04,320 Speaker 1: site to go to to find awesome throwt store stuff 652 00:29:04,320 --> 00:29:06,960 Speaker 1: and it's great. Yeah, And but making a real attempt 653 00:29:07,200 --> 00:29:09,920 Speaker 1: to find what you're looking for that someone else is 654 00:29:09,960 --> 00:29:12,960 Speaker 1: gently used, it's gonna save you money and it works 655 00:29:12,960 --> 00:29:16,120 Speaker 1: as a natural hindrance to spending frivolously. Sometimes there's there's 656 00:29:16,120 --> 00:29:19,080 Speaker 1: just like a little more friction to finding that used 657 00:29:19,120 --> 00:29:21,440 Speaker 1: item that makes sense in your life. And and that's 658 00:29:21,480 --> 00:29:23,880 Speaker 1: actually good. I think in the spending process, you want 659 00:29:23,880 --> 00:29:26,480 Speaker 1: a little bit of friction. Sometimes the easy click to 660 00:29:26,520 --> 00:29:28,640 Speaker 1: buy is is the thing that's gonna get us in 661 00:29:28,680 --> 00:29:30,960 Speaker 1: the most Trouble and matt even life cycle. Like we 662 00:29:31,000 --> 00:29:34,480 Speaker 1: mentioned at the beginning of the episode, buying home goods 663 00:29:34,680 --> 00:29:36,960 Speaker 1: used is a good way. You gotta kind of search 664 00:29:37,040 --> 00:29:38,680 Speaker 1: for the thing that you want. You're gonna save money 665 00:29:38,720 --> 00:29:41,440 Speaker 1: though it's gonna take a little bit longer, but ultimately 666 00:29:41,480 --> 00:29:43,720 Speaker 1: it's gonna work out in your favor. That's right, dude. 667 00:29:43,720 --> 00:29:45,800 Speaker 1: And yeah, before you make that purchase on you know, 668 00:29:45,880 --> 00:29:48,400 Speaker 1: whatever default site you tend to you tend to favor, 669 00:29:48,800 --> 00:29:50,640 Speaker 1: we'd recommend for you to check the deal sites out 670 00:29:50,640 --> 00:29:52,320 Speaker 1: there as well. Like when there's something that you know 671 00:29:52,360 --> 00:29:54,040 Speaker 1: that you want, make sure that you check out some 672 00:29:54,040 --> 00:29:56,920 Speaker 1: of these other sites like deal news dot com. Also 673 00:29:57,040 --> 00:29:58,800 Speaker 1: slick Deals is a good one as well. You can 674 00:29:58,840 --> 00:30:02,960 Speaker 1: install Honey that is actually a great browser extension which 675 00:30:02,960 --> 00:30:04,440 Speaker 1: which can help you define the things that you're looking 676 00:30:04,480 --> 00:30:06,760 Speaker 1: for cheaper on other sites or even make you aware 677 00:30:06,760 --> 00:30:09,080 Speaker 1: of coupon codes that you wouldn't have otherwise known about 678 00:30:09,320 --> 00:30:12,240 Speaker 1: and that'll slash the price of that item. But for 679 00:30:12,280 --> 00:30:14,200 Speaker 1: the most part, this approach only works when you know 680 00:30:14,240 --> 00:30:16,400 Speaker 1: that there's something that you need. You know, because otherwise 681 00:30:16,760 --> 00:30:19,840 Speaker 1: not shopping sales might be your best bet because you 682 00:30:19,880 --> 00:30:22,240 Speaker 1: know when you see those off tags and you know 683 00:30:22,280 --> 00:30:24,840 Speaker 1: it's all it's written in bold red letters, it can 684 00:30:24,920 --> 00:30:26,840 Speaker 1: draw your eye and it can be a major temptation, 685 00:30:27,320 --> 00:30:31,160 Speaker 1: uh for folks to spend when maybe, like otherwise you shouldn't. Yeah, man, 686 00:30:31,160 --> 00:30:33,080 Speaker 1: I kind of have a love hate relationship with some 687 00:30:33,120 --> 00:30:35,360 Speaker 1: of the deal sites. I I used to be more 688 00:30:35,360 --> 00:30:37,480 Speaker 1: into them than I am, but I still check them out. 689 00:30:37,720 --> 00:30:39,680 Speaker 1: You still like him, I still see you over there. 690 00:30:39,760 --> 00:30:42,120 Speaker 1: I still talk about more than I should, and sometimes 691 00:30:42,200 --> 00:30:45,360 Speaker 1: that can be kind of temptation for me. Is is 692 00:30:45,360 --> 00:30:47,280 Speaker 1: to like, oh cool, that thing is so cheap, maybe 693 00:30:47,280 --> 00:30:49,080 Speaker 1: I should get it. So the deal sites, I think 694 00:30:49,080 --> 00:30:51,320 Speaker 1: you're right. I think if we use them correctly, if 695 00:30:51,320 --> 00:30:53,360 Speaker 1: we use them to try to find an item that 696 00:30:53,400 --> 00:30:55,400 Speaker 1: we're looking for, that we know we want to buy, 697 00:30:55,880 --> 00:30:57,880 Speaker 1: uh and that we're ready to buy, we can find 698 00:30:57,880 --> 00:31:00,400 Speaker 1: a better deal. But if we're just browsing, like I 699 00:31:00,480 --> 00:31:03,400 Speaker 1: sometimes tend to use them for guilty, I'll admit it. Well, 700 00:31:03,440 --> 00:31:05,120 Speaker 1: I would say it is good to know that the 701 00:31:05,160 --> 00:31:06,680 Speaker 1: deals are out there if you know that there's something 702 00:31:06,680 --> 00:31:08,640 Speaker 1: you're going to purchase. Like you said, it's good to 703 00:31:08,680 --> 00:31:10,720 Speaker 1: be aware of the best price. Yeah, I feel like 704 00:31:10,720 --> 00:31:12,920 Speaker 1: you're really good at knowing that, like, Okay, yeah, this 705 00:31:12,960 --> 00:31:14,600 Speaker 1: should cost about this much. And the reason you know 706 00:31:14,640 --> 00:31:17,200 Speaker 1: that is because you've seen it on sale, like on 707 00:31:17,240 --> 00:31:19,200 Speaker 1: these different sites like this that kind of aggregate the 708 00:31:19,240 --> 00:31:21,360 Speaker 1: best deals. But yeah, you also do want to make 709 00:31:21,400 --> 00:31:23,760 Speaker 1: sure that you're aware that the temptation that that's putting 710 00:31:23,800 --> 00:31:26,200 Speaker 1: in your life. It's like, my greatest strength is also 711 00:31:26,280 --> 00:31:30,080 Speaker 1: my greatest weakness, you know. I think another thing people 712 00:31:30,200 --> 00:31:32,440 Speaker 1: can do in order to spend wisely when they are 713 00:31:32,520 --> 00:31:35,000 Speaker 1: buying something is to institute the forty eight hour rule. 714 00:31:35,080 --> 00:31:38,200 Speaker 1: We've talked about this before, but but having a period 715 00:31:38,240 --> 00:31:41,840 Speaker 1: of time that you institute before you purchase something new 716 00:31:42,360 --> 00:31:45,880 Speaker 1: is crucial to preventing just impulse buying. So go ahead, 717 00:31:45,960 --> 00:31:47,520 Speaker 1: put the item in your shopping cart, and if you 718 00:31:47,560 --> 00:31:50,000 Speaker 1: still want it two days later and you don't have 719 00:31:50,080 --> 00:31:51,720 Speaker 1: to go into debt in order to get it, that's 720 00:31:51,800 --> 00:31:54,840 Speaker 1: key here, then it's okay to complete that purchase. That 721 00:31:54,880 --> 00:31:57,720 Speaker 1: will help curb some of the just mindless spending, some 722 00:31:57,800 --> 00:32:00,880 Speaker 1: of the spending that we're doing just because we can 723 00:32:01,120 --> 00:32:03,760 Speaker 1: or because it's fun. The forty eight our rule can 724 00:32:03,800 --> 00:32:06,000 Speaker 1: be just really helpful in weeding out some of those 725 00:32:06,040 --> 00:32:09,680 Speaker 1: purchases that we make that are the most unhelpful, you know, 726 00:32:09,720 --> 00:32:11,840 Speaker 1: to our budgets. Not to mention too, if you you know, 727 00:32:12,000 --> 00:32:13,480 Speaker 1: you've added that to your cart and they've got your 728 00:32:13,480 --> 00:32:16,200 Speaker 1: email address, sometimes they'll they'll check in with you after 729 00:32:16,240 --> 00:32:17,920 Speaker 1: a couple of days, and sometimes they'll they'll send you 730 00:32:17,960 --> 00:32:19,480 Speaker 1: a coupon. They're like, hey, is this is this item 731 00:32:19,480 --> 00:32:21,520 Speaker 1: of years? Did you you know, lead your cart stranded? 732 00:32:21,760 --> 00:32:24,880 Speaker 1: Here's ten percent helps sweeten the deal. So that's a 733 00:32:25,000 --> 00:32:28,240 Speaker 1: nice little incentive. Also too, we would recommend for folks 734 00:32:28,280 --> 00:32:31,640 Speaker 1: to consider the cost per use when you're thinking about 735 00:32:31,680 --> 00:32:34,000 Speaker 1: making a purchase. If you you know, maybe you're naturally 736 00:32:34,120 --> 00:32:36,440 Speaker 1: a frugal tight wad like like we tend to be. 737 00:32:37,120 --> 00:32:39,280 Speaker 1: I think sometimes it can be difficult, you know, in 738 00:32:39,320 --> 00:32:41,840 Speaker 1: allowing yourself to spend any money at all, like even 739 00:32:41,840 --> 00:32:43,840 Speaker 1: on the things that we that we value or things 740 00:32:43,880 --> 00:32:46,320 Speaker 1: that bring us joy. And so an alternative way to 741 00:32:46,400 --> 00:32:48,920 Speaker 1: consider a purchase is to think through maybe how regularly 742 00:32:49,440 --> 00:32:51,600 Speaker 1: you might use something, right, and so if it's something 743 00:32:51,600 --> 00:32:54,160 Speaker 1: that you'd use on a regular basis, it might make sense, 744 00:32:54,200 --> 00:32:56,360 Speaker 1: you know, it's a purchase that item, and not only 745 00:32:56,360 --> 00:32:59,200 Speaker 1: to purchase it, but even consider maybe like the slightly 746 00:32:59,240 --> 00:33:01,680 Speaker 1: higher quality item, because if we're you know, if we're 747 00:33:01,680 --> 00:33:04,040 Speaker 1: always just trying to spend the least amount of money possible, 748 00:33:04,320 --> 00:33:06,280 Speaker 1: that's one of the ways that we can, unfortunately end 749 00:33:06,320 --> 00:33:09,760 Speaker 1: up being cheap as opposed to frugal. We're thinking, oh, 750 00:33:09,880 --> 00:33:11,240 Speaker 1: this is something I know, it's gonna bring me a 751 00:33:11,280 --> 00:33:13,520 Speaker 1: lot of joy, and just gonna get the cheapest thing possible, 752 00:33:13,520 --> 00:33:15,080 Speaker 1: and then you know, it ends up crapping out after 753 00:33:15,120 --> 00:33:16,840 Speaker 1: a few months, and then we have to buy something 754 00:33:17,120 --> 00:33:20,400 Speaker 1: again again, leading to more waste than plus, often having 755 00:33:20,440 --> 00:33:22,360 Speaker 1: to buy something twice is going to be more expensive 756 00:33:22,360 --> 00:33:24,120 Speaker 1: than having spent a little bit more on that higher 757 00:33:24,160 --> 00:33:27,720 Speaker 1: quality item to begin with. Yeah, that's I'm also a recovering, 758 00:33:28,240 --> 00:33:31,400 Speaker 1: spend the least amount of money on stuff as possible person, 759 00:33:31,760 --> 00:33:34,360 Speaker 1: and I'm all about now spending a little bit more 760 00:33:34,360 --> 00:33:37,200 Speaker 1: money and getting something that's gonna last for a long time. Yeah. Yeah, 761 00:33:37,280 --> 00:33:39,120 Speaker 1: sometimes you gotta like test the waters, though, you know, 762 00:33:39,160 --> 00:33:40,640 Speaker 1: like if you've never owned a grill, you're kind of like, 763 00:33:41,040 --> 00:33:42,600 Speaker 1: let's I want to figure this out, and you buy 764 00:33:42,600 --> 00:33:44,760 Speaker 1: like the cheapest you know, I don't know, fifty dollar 765 00:33:44,840 --> 00:33:47,200 Speaker 1: grill that they sell ls our own depot. I got 766 00:33:47,200 --> 00:33:50,320 Speaker 1: my grill of Aldi actually flight or or from Aldi, 767 00:33:50,920 --> 00:33:53,360 Speaker 1: because I'm sure that I was pretty unaffordable. But then, 768 00:33:53,400 --> 00:33:55,400 Speaker 1: you know, if you realize that, say like oh I'm 769 00:33:55,440 --> 00:33:57,760 Speaker 1: really into grilling, or like oh what else can I 770 00:33:57,760 --> 00:34:00,440 Speaker 1: cook outside? Then you start thinking, okay, like this is 771 00:34:00,480 --> 00:34:02,160 Speaker 1: bring me a lot of joy. There's a lot of utility. 772 00:34:02,160 --> 00:34:04,560 Speaker 1: That's something we use often. And that's when I think 773 00:34:04,560 --> 00:34:06,440 Speaker 1: it can be totally worth it to spend a little 774 00:34:06,480 --> 00:34:09,200 Speaker 1: bit more money. Yeah, man, I think too, when we're spending, 775 00:34:09,239 --> 00:34:12,080 Speaker 1: when the temptation to spend arises, having some sort of 776 00:34:12,200 --> 00:34:15,000 Speaker 1: pressure relief valve for your spending can be helpful too. 777 00:34:15,440 --> 00:34:17,960 Speaker 1: You might just have in urge to go shopping or 778 00:34:18,239 --> 00:34:21,640 Speaker 1: to just spend some money, any money, you just want 779 00:34:21,640 --> 00:34:24,440 Speaker 1: to spend some money. I know people like this. My 780 00:34:24,560 --> 00:34:26,480 Speaker 1: mom probably falls into this category. Man, and and and 781 00:34:26,520 --> 00:34:29,040 Speaker 1: more than anything, like she loves even just window shopping, 782 00:34:29,200 --> 00:34:32,040 Speaker 1: but she loves shopping. It's something that she gets a 783 00:34:32,040 --> 00:34:33,600 Speaker 1: lot of a lot of joy out of she I 784 00:34:33,600 --> 00:34:37,000 Speaker 1: think it's um, it's there's something creative in kind of 785 00:34:37,000 --> 00:34:39,719 Speaker 1: seeing all the items for sale that that she likes. 786 00:34:39,719 --> 00:34:43,040 Speaker 1: She likes seeing design and in particular like home interior stuff, 787 00:34:43,120 --> 00:34:47,560 Speaker 1: right uh, and to potentially avoid a larger, more disastrous purchase. 788 00:34:47,640 --> 00:34:50,640 Speaker 1: Though maybe you can scratch that itch just a little 789 00:34:50,640 --> 00:34:54,279 Speaker 1: bit with a small splurge like a nice coffee, right. 790 00:34:54,360 --> 00:34:57,440 Speaker 1: I feel like fancy coffee gets raked over the coals 791 00:34:57,440 --> 00:34:59,279 Speaker 1: in personal finance all the time. It's a batter rat 792 00:34:59,320 --> 00:35:02,000 Speaker 1: for sure. But that can the perfect like us pressure 793 00:35:02,040 --> 00:35:04,760 Speaker 1: relief valve for your spending. You're like, I just treated myself. 794 00:35:04,760 --> 00:35:07,480 Speaker 1: There's something really nice, but actually it didn't really cost 795 00:35:07,480 --> 00:35:10,000 Speaker 1: that much money. It's better to make a small spending 796 00:35:10,040 --> 00:35:13,359 Speaker 1: mistake than to make a big one. So finding your 797 00:35:13,520 --> 00:35:16,239 Speaker 1: small release valve can be big and really helpful when 798 00:35:16,239 --> 00:35:18,719 Speaker 1: it comes to smart spending, especially if you're able to 799 00:35:18,760 --> 00:35:21,320 Speaker 1: maybe go on a walk when you get that coffee. Essentially, 800 00:35:21,320 --> 00:35:24,680 Speaker 1: what you've done there is you've kind of transformed that 801 00:35:24,719 --> 00:35:26,680 Speaker 1: purchase like that you might just see as a good 802 00:35:26,960 --> 00:35:29,040 Speaker 1: into an experience. And and so that's kind of what 803 00:35:29,040 --> 00:35:31,279 Speaker 1: we'd recommend next for folks is to you know, we 804 00:35:31,320 --> 00:35:34,840 Speaker 1: would recommend for folks to consider prioritizing experiences over stuff 805 00:35:34,880 --> 00:35:37,120 Speaker 1: that you might you know, buy online or you know, 806 00:35:37,160 --> 00:35:40,200 Speaker 1: even at the store. And oftentimes you folks think about travel, 807 00:35:40,840 --> 00:35:43,120 Speaker 1: But it doesn't have to to be travel, you know, 808 00:35:43,160 --> 00:35:45,279 Speaker 1: as we talk about experiences here, although that is a 809 00:35:45,320 --> 00:35:48,680 Speaker 1: big experience that that many folks do prioritize. But you know, 810 00:35:48,840 --> 00:35:50,920 Speaker 1: experiences like this could be just say a dinner out 811 00:35:50,960 --> 00:35:53,040 Speaker 1: with friends, or it could be buying a membership to 812 00:35:53,040 --> 00:35:55,160 Speaker 1: the zoo or like the botanical gardens if you've got 813 00:35:55,239 --> 00:35:58,040 Speaker 1: them there where you live. Uh, And these could provide 814 00:35:58,040 --> 00:36:01,160 Speaker 1: recurring experiences, you know, for you you or for your family, 815 00:36:01,239 --> 00:36:04,600 Speaker 1: or for you and your friends. Research shows that an 816 00:36:04,600 --> 00:36:08,160 Speaker 1: intangible experience can often bring you joy for you know, 817 00:36:08,200 --> 00:36:11,840 Speaker 1: much longer than a physical object. So focusing your spending 818 00:36:11,840 --> 00:36:14,960 Speaker 1: on some of those experiences that can provide incredible memories 819 00:36:15,120 --> 00:36:17,000 Speaker 1: with folks you know, who you love the most, and 820 00:36:17,040 --> 00:36:19,799 Speaker 1: it's often going to provide a much better return on 821 00:36:19,840 --> 00:36:23,080 Speaker 1: your investment than buying just another item, say for your wardrobe, 822 00:36:23,160 --> 00:36:24,680 Speaker 1: that you're then going to have to kind of shoehorn 823 00:36:24,680 --> 00:36:26,439 Speaker 1: in your closet because you don't have any more space 824 00:36:26,480 --> 00:36:30,759 Speaker 1: at all. Yeah, and too, I think what's great about 825 00:36:30,760 --> 00:36:34,600 Speaker 1: experiences is that they they foster um an ability to 826 00:36:34,600 --> 00:36:38,319 Speaker 1: bond with other people. To write, experiences are helping us 827 00:36:38,400 --> 00:36:43,040 Speaker 1: build relationships almost always as opposed to buying stuff, which 828 00:36:43,080 --> 00:36:45,200 Speaker 1: often does the opposite. And so yeah, I guess I 829 00:36:45,239 --> 00:36:48,120 Speaker 1: was talking earlier Matt about borrowing stuff from other people 830 00:36:48,160 --> 00:36:50,040 Speaker 1: and then letting other people borrow your stuff, and how 831 00:36:50,120 --> 00:36:53,880 Speaker 1: that expands your relationships and make them better. Well, I 832 00:36:53,920 --> 00:36:56,799 Speaker 1: think the same thing is true when we prioritize experiences 833 00:36:56,800 --> 00:37:00,799 Speaker 1: over stuff. It's it's during those social experi aeriences that 834 00:37:00,880 --> 00:37:04,120 Speaker 1: we cultivate feelings of connection and belonging to one another. 835 00:37:04,480 --> 00:37:08,319 Speaker 1: And those experiences are are oftentimes unique to us as individuals, 836 00:37:08,600 --> 00:37:11,880 Speaker 1: which means that we're we're typically less likely to compare 837 00:37:11,920 --> 00:37:15,799 Speaker 1: our own experiences to the experiences of others. And comparison, 838 00:37:16,239 --> 00:37:17,799 Speaker 1: as you know, Matt, is is one of the things 839 00:37:17,800 --> 00:37:21,400 Speaker 1: that lends to our consumption. It leads us to spend 840 00:37:21,400 --> 00:37:24,759 Speaker 1: more and to spend on wisely. So if instead of experiences, 841 00:37:24,760 --> 00:37:28,600 Speaker 1: you're focusing on stuff like electronics, clothing, or even something 842 00:37:28,600 --> 00:37:31,319 Speaker 1: great like bikes, it can be easier to compare that 843 00:37:31,360 --> 00:37:34,400 Speaker 1: stuff to other people. And Teddy Roosevelt one of the 844 00:37:34,400 --> 00:37:37,160 Speaker 1: best quotes ever is comparison is the thief of joy. 845 00:37:37,480 --> 00:37:39,080 Speaker 1: I think that's so true for us. I think that's 846 00:37:39,080 --> 00:37:40,719 Speaker 1: one of the things that like social media has done 847 00:37:40,760 --> 00:37:42,160 Speaker 1: to us as a culture in a lot of ways, 848 00:37:42,440 --> 00:37:44,680 Speaker 1: has made it easier to compare, and it has made 849 00:37:44,680 --> 00:37:48,440 Speaker 1: it harder for us than as individuals to be content 850 00:37:48,600 --> 00:37:51,239 Speaker 1: with what we do have. So true, dude, Yeah, and 851 00:37:51,280 --> 00:37:53,000 Speaker 1: so you know, as many of us are looking forward 852 00:37:53,000 --> 00:37:55,800 Speaker 1: to our our lives looking more like they did before, 853 00:37:57,160 --> 00:38:00,560 Speaker 1: let's make sure that our spending doesn't automatically revert to 854 00:38:01,040 --> 00:38:03,920 Speaker 1: pre pandemic levels as well. One of the few positives 855 00:38:03,920 --> 00:38:06,719 Speaker 1: of the pandemic brought into our lives was the ability 856 00:38:06,719 --> 00:38:08,960 Speaker 1: to truly see how much control we really do have 857 00:38:09,080 --> 00:38:11,360 Speaker 1: over our spending. So look at how much debt you know, 858 00:38:11,440 --> 00:38:13,480 Speaker 1: you were able to eliminate from your life last year, 859 00:38:13,560 --> 00:38:15,239 Speaker 1: or how much we're able to save up for that 860 00:38:15,239 --> 00:38:17,920 Speaker 1: down payment you know on a house. Remember those goals 861 00:38:18,200 --> 00:38:20,840 Speaker 1: and continue to to work towards the things that you value, 862 00:38:21,239 --> 00:38:24,399 Speaker 1: even while there are other expenses and distractions that are 863 00:38:24,400 --> 00:38:27,360 Speaker 1: getting reintroduced into our lives right now. Yeah, the temptation 864 00:38:27,440 --> 00:38:29,399 Speaker 1: to spend is real, and we want to make sure 865 00:38:29,760 --> 00:38:31,719 Speaker 1: you avoid it. We want to avoid it, you know. 866 00:38:31,840 --> 00:38:34,239 Speaker 1: The the temptation is real for all of us since 867 00:38:34,280 --> 00:38:36,279 Speaker 1: we have to implement you know, some of these things 868 00:38:36,360 --> 00:38:38,719 Speaker 1: as many as we can in order to curb that 869 00:38:38,760 --> 00:38:41,000 Speaker 1: spending so that we can realize those bigger goals that 870 00:38:41,040 --> 00:38:42,920 Speaker 1: we have, so that we can build wealth for the 871 00:38:42,920 --> 00:38:44,759 Speaker 1: long haul, so that we can have the ability to 872 00:38:44,760 --> 00:38:48,239 Speaker 1: reach financial independence and make our own decisions about what 873 00:38:48,280 --> 00:38:50,000 Speaker 1: we want to do with our time. All right, Matt, 874 00:38:50,040 --> 00:38:51,120 Speaker 1: Let's get back to the beer that we had on 875 00:38:51,160 --> 00:38:54,040 Speaker 1: the show. This one was by Right Side Brewing. Is 876 00:38:54,080 --> 00:38:57,480 Speaker 1: a citrus wheat non alcoholic beer. What were your thoughts 877 00:38:57,560 --> 00:38:59,479 Speaker 1: on this one? Man? Yeah, you know, before I comment 878 00:38:59,520 --> 00:39:02,560 Speaker 1: on this partic kular beer from Right Side, and it 879 00:39:02,600 --> 00:39:06,200 Speaker 1: also makes me think of Mr bright Side, the song 880 00:39:06,280 --> 00:39:09,759 Speaker 1: from the from the Killers. Such a good song. But 881 00:39:09,880 --> 00:39:11,400 Speaker 1: as far as this beer goes, Man, Yeah, this is 882 00:39:11,440 --> 00:39:13,120 Speaker 1: a citrus whet and I feel like the citrus really 883 00:39:13,160 --> 00:39:16,200 Speaker 1: does come through. Uh. It almost like almost reminds me 884 00:39:16,280 --> 00:39:18,560 Speaker 1: of like an orange gatorade. I don't know, like a 885 00:39:18,600 --> 00:39:21,600 Speaker 1: combination of the orange and yellow gatorade. Oh yeah, more 886 00:39:21,640 --> 00:39:23,080 Speaker 1: the yellow, you know I'm talking about it? Do like 887 00:39:23,120 --> 00:39:25,640 Speaker 1: the yellow Gatory and the orange Gatorade. It's got those 888 00:39:25,640 --> 00:39:27,239 Speaker 1: flavors going on, but it doesn't you know, it doesn't 889 00:39:27,280 --> 00:39:29,239 Speaker 1: have that sweetness. It's not nearly as obviously, it's not 890 00:39:29,280 --> 00:39:31,800 Speaker 1: nearly as syrupy, but it does kind of have those flavors. 891 00:39:31,800 --> 00:39:34,560 Speaker 1: It almost has this herbal tea like flavor going on, 892 00:39:34,960 --> 00:39:37,719 Speaker 1: but of course it's fizzy, so yeah, it's reminiscent of beer. 893 00:39:37,760 --> 00:39:41,720 Speaker 1: It's near beer. Obviously, there's definitely something missing, but totally 894 00:39:41,760 --> 00:39:43,640 Speaker 1: still enjoyable. Yeah, what your thoughts on it, dude? Yeah, 895 00:39:43,680 --> 00:39:46,240 Speaker 1: I thought it was too and I was surprised because 896 00:39:46,239 --> 00:39:47,960 Speaker 1: I agree it was missing a little something that I'm 897 00:39:48,000 --> 00:39:50,279 Speaker 1: used to getting in beer, but I still I still 898 00:39:50,320 --> 00:39:51,960 Speaker 1: a lot of tasty, great man. And I think it's 899 00:39:51,960 --> 00:39:56,239 Speaker 1: awesome that people are now making, you know, non alcoholic 900 00:39:56,360 --> 00:39:58,799 Speaker 1: craft beer equivalence, because there are a lot of people 901 00:39:58,800 --> 00:40:01,960 Speaker 1: out there who just don't want to drink for a 902 00:40:02,000 --> 00:40:04,520 Speaker 1: lot of good reasons, and so to be able to 903 00:40:04,640 --> 00:40:08,040 Speaker 1: enjoy something and get some of that same flavor profile 904 00:40:08,120 --> 00:40:12,080 Speaker 1: and sensation that you get with craft beer but without 905 00:40:12,120 --> 00:40:15,000 Speaker 1: actually having to consume alcohol, well, this is just a 906 00:40:15,040 --> 00:40:16,960 Speaker 1: great place for people to go. I think is is 907 00:40:17,000 --> 00:40:20,640 Speaker 1: these non alcoholic craft beers and the this sitrus Sweet 908 00:40:20,640 --> 00:40:22,680 Speaker 1: from Right Side was pretty solid. Man. I agree, man, 909 00:40:22,680 --> 00:40:24,440 Speaker 1: So that's gonna be it for this episode. Listeners can 910 00:40:24,480 --> 00:40:26,200 Speaker 1: find our show notes up on the website at how 911 00:40:26,200 --> 00:40:28,319 Speaker 1: to Money dot com. Yeah, and if you haven't left 912 00:40:28,320 --> 00:40:30,680 Speaker 1: the review for How the Money yet on Apple podcast 913 00:40:30,760 --> 00:40:32,799 Speaker 1: or wherever you listen to podcasts, what are you doing? 914 00:40:33,160 --> 00:40:36,040 Speaker 1: We would love for you to leave a kind review 915 00:40:36,080 --> 00:40:38,319 Speaker 1: over there. It really does help get the word out 916 00:40:38,400 --> 00:40:40,560 Speaker 1: about what we're doing here on How the Money to 917 00:40:40,640 --> 00:40:43,320 Speaker 1: help other people spend wisely, to save for their futures, 918 00:40:43,520 --> 00:40:45,120 Speaker 1: and to be more empowered when it comes to their 919 00:40:45,160 --> 00:40:48,440 Speaker 1: personal finances. And we would appreciate you letting other people 920 00:40:48,440 --> 00:40:50,680 Speaker 1: know what you think about the show. So all right, Matt, 921 00:40:50,760 --> 00:41:02,200 Speaker 1: until next time, Best Friends Out, Best Friends Out. M