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Speaker 1: Welcome to Had of Money.

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Speaker 2: I'm Joel, I am Matt.

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Speaker 3: Today we're talking AI money impacts, side hustle, salad days

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Speaker 3: and still in sabers.

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Speaker 2: You know what, buddy, this is our Friday flight and

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Speaker 2: we're going to get to the top headlines from this

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Speaker 2: past week how they impact you as an individual. And

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Speaker 2: you've got something hereabouts Rivian, which I know you're not

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Speaker 2: actually interested in purchasing because you're very happy with.

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Speaker 3: Your Forerunners, not anymore, I think I mentioned, which they

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Speaker 3: actually look similar, like the general body shape. I saw

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Speaker 3: Rivian past me this morning, and it's got like a

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Speaker 3: smaller back, like the little hatch, little tailgate, which is

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Speaker 3: pretty I don't know in my mind that's reminiscent of

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Speaker 3: I guess maybe it's some of the like the older

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Speaker 3: four Runners, not unlike yours. Well, the other the thing

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Speaker 3: about four Runners is like the style has barely changed

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Speaker 3: over the past like thirty years. So you're like, what

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Speaker 3: when people see my fore Runner, They're like, that looks

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Speaker 3: like it's like five years old. I'm like, yeah, it's twenty,

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Speaker 3: but it just because the body style has changed so little.

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Speaker 2: Yeah it's the two thousand and six. Yeah, that's crazy.

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Speaker 1: I know, that's crazy.

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Speaker 3: I know, just it's in great shape, which is well,

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Speaker 3: it's also just nice when the body style changes so

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Speaker 3: little and so it's really hard to put a finger

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Speaker 3: on exactly what it's made.

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Speaker 2: But no, see my six Odyssey and they're like, is

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Speaker 2: that a new No, got twenty twelve Odyssey, but those

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Speaker 2: have changed a little more.

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Speaker 3: But although the body style of those hasn't changed significant.

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Speaker 2: But you go back, I don't even know if they

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Speaker 2: existed back in six, but I guarantee you that Toyota

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Speaker 2: see they got Honda Odyssey, have no six Odyssey. I'm

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Speaker 2: just saying I guarantee that they did not look like

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Speaker 2: the new ones. Like the new ones today looks significantly different.

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Speaker 2: My six Odyssey was like powder blue and had a

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Speaker 2: very different body style.

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Speaker 1: Then that was a six as well. That was six

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Speaker 1: to think, yes, yeah, yeah, and it was a great ride.

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Speaker 2: Uh. What's crazy is seeing I guess like the late

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Speaker 2: ninety these Siena's or Odyssey is like you don't see

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Speaker 2: too many of them on the road now because I mean,

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Speaker 2: let's face it, there that's just really really old and

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Speaker 2: they're so small. That's that's what blows my mind. Seem oh, yes,

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Speaker 2: it is crazy, how just how much bigger they've got

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Speaker 2: nowhere time.

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Speaker 3: I'm sure my friend's mom had like a Ford mini

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Speaker 3: van and I remember what it looked like, but I

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Speaker 3: don't remember if it's like the wedge, it's like straight

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Speaker 3: from the road and it's a straight line from the

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Speaker 3: front bumper to the hood the windstar art or something.

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Speaker 2: Yeah, exactly, so funny.

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Speaker 3: Minivan talk right off the gate. So stop it with

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Speaker 3: the dad talk here, man, so Rivian, I'm no longer interested.

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Speaker 3: Oh yeah, Riban, the are two still like, yeah, I'm

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Speaker 3: excited about it. It's coming down the pike, like I

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Speaker 3: think it's about to start hitting stores. I think people

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Speaker 3: can now praetors have been opened for a long time,

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Speaker 3: but I think people can actually buy them shortly. And

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Speaker 3: I think it's awesome.

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Speaker 1: Like the idea of.

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Speaker 3: A moderately priced electric suv that's pretty cool is exciting

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Speaker 3: to me. But something you got to take in mind.

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Speaker 3: And we talked about the total cost of ownership how

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Speaker 3: important that is when you're buying a car last week.

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Speaker 3: Because gas prices right still a big topic of conversation,

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Speaker 3: but often we over index for gas prices.

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Speaker 2: And maybe less so after the four hundred million barrels

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Speaker 2: of oil were released.

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Speaker 3: So so we'll see how how much that impacts prices

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Speaker 3: at the pump that I'll get us to April. But okay,

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Speaker 3: so if you are driving a Ribbean right now, you're

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Speaker 3: probably like, aha, I'll fox to everybody, I'm saving on gas.

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Speaker 3: And the higher gas prices go, the better you feel

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Speaker 3: as an electric electric car driver. But they're also incredibly

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Speaker 3: expensive to repair. And so listener Adam sent over, Oh, yeah,

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Speaker 3: the video did you watch that? Yeah, well, how expensive

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Speaker 3: it is to repair. And this is something we've talked

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Speaker 3: about too. When a battery gets damaged or something like

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Speaker 3: that on a on a Tesla or an electric car,

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Speaker 3: it can dramatic and this is why it can dramatically

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Speaker 3: increase the cost of repair, which is why insurance costs

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Speaker 3: so much more so for so many electric vehicles.

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Speaker 1: That video was like enlightening.

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Speaker 2: It had something. Yeah, it was like something like forty

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Speaker 2: thousand dollars. It was just this one panel that was dented,

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Speaker 2: but it had something to do with the fact that

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Speaker 2: they were all connected or something like they had to

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Speaker 2: replace so much of the vehicle and take it apart

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Speaker 2: and then in the the real hero that video was

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Speaker 2: it's it's what it's an acronym. It's like dentless or

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Speaker 2: no paintless dent repair or something like that. That's like

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Speaker 2: the real takeaway is just like, what is this magic

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Speaker 2: that they're doing in these body shops where it's paintless,

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Speaker 2: so they literally are just undenting a dent, which I'm like,

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Speaker 2: how how's how do they do? Is that even possible?

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Speaker 2: Something I need to consider. I guess if and when

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Speaker 2: we dent our our van, but uh, because they showed

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Speaker 2: them before they after it, and I'm like, oh, it

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Speaker 2: looks really good, But then how does it not How

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Speaker 2: does the paint not flake off? I don't know at

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Speaker 2: some point because like if there's a dent, the bond

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Speaker 2: between the paint and the metal, Well, this is where

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Speaker 2: my mind goes. It goes to like the chemistry and

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Speaker 2: mechanical sort of aspects of how like there's no way

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Speaker 2: this is gonna last over the course of years, because

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Speaker 2: I could just see that section where they undented it,

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Speaker 2: that paint kind of flaking off or something at some point.

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Speaker 1: But I could too.

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Speaker 2: But yeah, newer vehicles, I think what you're getting at

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Speaker 2: as well, though, is the fact that especially for something

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Speaker 2: brand new like that, there aren't I don't know, there's

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Speaker 2: just less normal parts. It's not a streamline procedure as

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Speaker 2: to how it is that you can repair some of

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Speaker 2: these vehicles as opposed to something that's been around for

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Speaker 2: not just a manufacturer that's been around for decades and

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Speaker 2: hundreds of years, but even certain body styles, like you're

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Speaker 2: like the Forerunner, right, like it's standard parts, like it

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Speaker 2: is not some sort of special order that needs to

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Speaker 2: take place when it comes to making a repair on

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Speaker 2: that thing. It's yeah, I got to put a new

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Speaker 2: standard issue blower motor in our Odyssey because the heating

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Speaker 2: and cooling is like it's intermittent on, so like we'll

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Speaker 2: turn it on and it just won't come on and

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Speaker 2: then come on later, and I think it's a motor issue,

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Speaker 2: and I'm like, I'm not worried about that. It's not

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Speaker 2: gonna I know it's not gonna be it's not gonna be.

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Speaker 3: A super cheap, but it's not going to be a

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Speaker 3: special order part nearly as expensive as it might be

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Speaker 3: on a fancier, newer riots.

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Speaker 2: It's just a one downside if you're part of the

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Speaker 2: cutting edge. If you're an early adopter, man, I think.

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Speaker 3: There's just so many more reasons to kind of drive

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Speaker 3: somewhat older vehicles at least because part of that's just

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Speaker 3: repair costs and tried and true, the tested.

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Speaker 2: Yeah, all right, let's keep it moving. Let's talk of

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Speaker 2: a let's shift gears. Talk about credit cards, man, because

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Speaker 2: there is another premium credit card that just dropped. We've

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Speaker 2: talked about some of the some of these cars that

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Speaker 2: are costing basically like seven hundred bucks. Use the AMEX

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Speaker 2: ninety five maybe is it nine hundred? I think, oh

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Speaker 2: my gosh, yeah, so this is that makes this one

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Speaker 2: not cheap by compared sound as bad as I'm talking

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Speaker 2: about the robin Hood Platinum card. It's got an annual

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Speaker 2: fee of six hundred ninety five dollars. And here's one

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Speaker 2: reason where.

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Speaker 1: It might be great.

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Speaker 2: The fact that you get ten percent back, ten percent

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Speaker 2: cash back not only on hotel but on car rentals.

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Speaker 2: And they are going and I think you're gonna push back,

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Speaker 2: and you're gonna be like, nobody should have the stupid card.

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Speaker 1: Not nobody.

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Speaker 3: But if you're someone who uses hotels and cars, if

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Speaker 3: you're traveling all the time.

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Speaker 2: Yeah, so that's a huge part. Absolutely absolutely, And so

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Speaker 2: like you see the big price tag and there can

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Speaker 2: be an immediate pushback of like that is so ridiculous.

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Speaker 2: But I quickly ran some just back of a napkin

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Speaker 2: kind of math. And if you like, I don't travel

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Speaker 2: for work, you know, we just sit here, I walk

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Speaker 2: me traveling to work is like, oh, I walked to

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Speaker 2: the office today instead of riding my bike.

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Speaker 1: Yeah, that's taking things up for you.

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Speaker 2: Yeah, But for some folks, I mean, like you know,

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Speaker 2: folks who travel like not multiple times a month, but

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Speaker 2: even weekly. And for those types of folks, and I

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Speaker 2: quit again. So I quickly did the math. It would

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Speaker 2: take one trip a month where you're spending two nights

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Speaker 2: in a hotel plus a car rental, that would be

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Speaker 2: more than enough to earn back that annual fee of

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Speaker 2: six hundred ninety five dollars, and then after that you're

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Speaker 2: just making bank. So I don't know, when you see

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Speaker 2: a car that has a cash back on a certain

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Speaker 2: category like that, that's something to pay attention to. Like

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Speaker 2: that is where it's sort of like.

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Speaker 3: The because on top of that, if you're traveling like that,

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Speaker 3: you probably take flights and you probably eat out more

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Speaker 3: than any other aspects. Five percent cash back on both

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Speaker 3: of those categories. So if you are one of those

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Speaker 3: people who this card is targeting, I think it can

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Speaker 3: make a whole lot of a whole lot of sense.

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Speaker 3: And you might balk at that initial price tag, but

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Speaker 3: when you real put those numbers, I actually in some

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Speaker 3: ways I like how straightforward that part of the card

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Speaker 3: is right the ten on this and five percent on this,

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Speaker 3: and you're like, okay, that's that's pretty good.

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Speaker 1: Like that's that's a solid rate of return.

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Speaker 2: On and it's fairly transparent and allow you to kind

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Speaker 2: of do some of the math and figure out whether

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Speaker 2: or not this is a game that you want to play,

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Speaker 2: because that's what it ultimately comes down to. Because even

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Speaker 2: like we always talk about, well often mentioned the Amex

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Speaker 2: Blue Blue Cash Preferred Preferred, Yeah, my mind immediately went

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Speaker 2: to the platinuming ninety five annual fee. Yeah, And again

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Speaker 2: you got to run the numbers and is that a

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Speaker 2: game that you want to play? And for a lot

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Speaker 2: of folks, just because it's a universal expense, it's kind

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Speaker 2: of a no brain And if you have the.

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Speaker 3: Stay back on groceries is like it's pretty great. It's

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Speaker 3: like it's better than any other card that exists exactly.

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Speaker 3: But we all we can't get groceries. But even still,

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Speaker 3: is that a game you want to play?

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Speaker 2: For the In this case, it seems like a low

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Speaker 2: hurdle when it comes to groceries, But for other folks

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Speaker 2: who are traveling a lot, to them, that's a low hurdle,

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Speaker 2: like that's an easy bar for them to be able

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Speaker 2: to achieve.

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Speaker 1: I guess I get annoyed at.

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Speaker 3: And we've talked about this kind of the coupon bookization

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Speaker 3: of credit cards and the way they slice and dice

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Speaker 3: some of these rewards, and so then in the marketing,

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Speaker 3: it's like, hey, you get two hundred fifty bucks worth

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Speaker 3: a free door Dash, and it's like, ah, man, that's like,

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Speaker 3: you know, over a third of the annual fee. That's

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Speaker 3: that's great. Like, if I can get two undred and

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Speaker 3: fifty bucks worth a free door Dash, I'll sign up

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Speaker 3: for that. But of course in the fine print, the

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Speaker 3: credit comes in ten dollars increments on orders of fifty.

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Speaker 1: Dollars or more.

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Speaker 3: So you're like, okay, if I order door Dash now,

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Speaker 3: I'm just going to be ordering door Dash even more.

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Speaker 2: Now You're making me order door dash in order to

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Speaker 2: get my right get my money's worth.

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Speaker 3: And I'm just gonna be wasting more money buying food

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Speaker 3: that gets delivered to which is not terribly helpful. I

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Speaker 3: do think that the other Robinhood card that exists, the

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Speaker 3: one that you got, the three percent cash back is

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Speaker 3: across the board is one. Thats senses for a whole

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Speaker 3: lot more people. Yeah, this one is probably going to

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Speaker 3: be highly selective for like heavy heavy travelers, the heavy travelers.

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Speaker 1: For sure.

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Speaker 2: Let's talk about AI joel because it might make mortgage

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Speaker 2: underwriting a whole lot quicker. Right, So instead of this

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Speaker 2: being like a three week process, a new partnership between

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Speaker 2: Better and Open AI, they are promising to dramatically reduce

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Speaker 2: the time to less than one minute sixty seconds or

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Speaker 2: less gone in sixty seconds? Is your money and your ability? Well,

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Speaker 2: I guess you're trying to buy the house. But do

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Speaker 2: people know about that movie anymore? You know? I don't

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Speaker 2: think so that was like late nineties, wasn't It was

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Speaker 2: good when nineteen ninety.

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Speaker 1: Dropped, But I don't think it's to the best of time.

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Speaker 2: Well, what's funny is it was a remake even then

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Speaker 2: I know that, like there was like a six nineteen

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Speaker 2: sixties version of some maybe in twenty thirty there'll be

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Speaker 2: another version. Let's release that our kids will know about it.

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Speaker 1: Sure there will be.

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Speaker 2: But so so I mentioned that the fact that you

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Speaker 2: can get underwritten in less than a minute, that's actually

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Speaker 2: not an edge case. The average case would take something

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Speaker 2: like two minutes, which is also significantly less time than

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Speaker 2: three weeks. So we'll see if this actually works. It

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Speaker 2: might not do a great job. I'm thinking with some

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Speaker 2: of the less straightforward applicants. I'm thinking about myself here,

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Speaker 2: not very I'm just I'll say I'm an atypical borrower,

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Speaker 2: at least historically A lot of people have called you atypical,

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Speaker 2: And I mean, do you think about underwriting? It's a

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Speaker 2: high stakes decision. So I think it'll be interesting to

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Speaker 2: follow because as AI helps lenders reduce the friction of

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Speaker 2: home lending, it'll get not just faster, it's going to

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Speaker 2: get more affordable. The high cost of buying a home.

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Speaker 2: That's been something that we've been hoping that technology would

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Speaker 2: help to solve for quite a while. Here and better,

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Speaker 2: they're on the cutting edge here with open AI. So

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Speaker 2: we'll see if them combining forces, we'll see if competition,

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Speaker 2: if this ends up leading to real benefits for consumers

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Speaker 2: out there who are looking to purchase a home.

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Speaker 1: Yeah, I agree.

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Speaker 3: I mean it's if I was better, I would want

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Speaker 3: to test this out thoroughly, and I would I would

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Speaker 3: want to have like real human beings, like vetting every

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Speaker 3: single instance, for for every approval that automatically is getting

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Speaker 3: some time to see what the air rate might be. Yeah,

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Speaker 3: for one year, everybody's employed, the robots and the people exactly.

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Speaker 3: But AI still has issues, of course, like there's promise

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Speaker 3: in something like this, but then there are significant risks

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Speaker 3: or there are there are I guess just ways that

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Speaker 3: that AI is still fairly ineffective. And so the New

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Speaker 3: York Times profile the risks of using AI to help

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Speaker 3: you out with your taxes. Their their pithy takeaway, and

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Speaker 3: I think this is this is quite accurate. They said,

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Speaker 3: the world's smartest technology is no match for the US

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Speaker 3: tax code. I mean, the smartest people in the world,

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Speaker 3: we do have a very complicated tax code can't contain

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Speaker 3: the multitudes of the tax US tax code in your brain.

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Speaker 3: So there's just there's even even the people we know

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Speaker 3: who are great at taxes, Matt, they really know what

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Speaker 3: they're talking about. Uh, there's there's still a lot of

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Speaker 3: information they can't fully process. AI is getting better fast,

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Speaker 3: but this is no surprise, right that New York Times

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Speaker 3: found that miscalculations abounded when using any of the major

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Speaker 3: AI chatbots, often leading people to over or underpay their taxes,

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Speaker 3: not by just a little bit, but by thousands of dollars.

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Speaker 3: I think the average it was off by an average

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Speaker 3: of like two thousand bucks when they ran a bunch

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Speaker 3: of scenarios. So yeah, you can get like a good

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Speaker 3: idea of a particular tax law via an AI search

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Speaker 3: these days. If you're like, tell me more about the

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Speaker 3: earned income tax credit, right like, the AI can spit

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Speaker 3: out I think decent a decent diatribe for you. But

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Speaker 3: AI is still weak in the area of complex information

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Speaker 3: gathering and putting together all the pieces if you put

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Speaker 3: in all your information. And of course, the US tax

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Speaker 3: code is just insanely complex, and AI remains at least

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Speaker 3: a little confused by it. Maybe not forever, maybe not

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Speaker 3: even for long, but at least for now.

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Speaker 2: I do think that improvements will be on the way,

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Speaker 2: right like it makes just like the airs that you're

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Speaker 2: seeing with the sites that are being vibe coded as

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Speaker 2: far as oh yeah, yeah, these sites are down more

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Speaker 2: there are bugs that are arising and they're having.

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Speaker 3: To was isn't that what happened with Amazon? Amazon had

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Speaker 3: their main site was down aws with them for a

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Speaker 3: little bit because.

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Speaker 1: Of lot to do with that.

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Speaker 2: So will it improve over time? I do think so,

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Speaker 2: but I don't think we're there yet. When it comes

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Speaker 2: to tax law, some of the different particulars that are

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Speaker 2: working their way through the system actually think about the

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Speaker 2: no tax on overtime right, like that was part of

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Speaker 2: President Trump's campaign and it was of course instituted into law.

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Speaker 2: But the devil is in the details, man. The fine

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Speaker 2: print is quite extensive when it comes to all the

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Speaker 2: ins and outs there as far as what qualifies as overtime.

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Speaker 2: Because the messagings definitely made it sound like anytime anybody

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Speaker 2: out there worked more than forty hours a week tax free.

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Speaker 2: Go ahead, just take that money right in your pocket. Right,

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Speaker 2: But not all over time pay is exempt from federal taxation.

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Speaker 2: Much of the pay that qualifies is still subject to

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Speaker 2: state in payroll taxes. It's still confusing some tax professionals

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Speaker 2: out there as well as individuals who are filing their taxes.

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Speaker 2: So yeah, it's no wonder that AI is also having

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Speaker 2: a difficult time sort of parsing the details on how

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Speaker 2: this is playing out in real life.

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Speaker 3: I was talking to a buddy this week, and he

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Speaker 3: works a job where he does get a lot of

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Speaker 3: overtime and he gets paid in that traditional time and

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Speaker 3: a half fashion, and that's I think the hoop that

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Speaker 3: you need to jump through and in order to be

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Speaker 3: able to get that that portion of your pay exempt

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Speaker 3: from federal taxation. And so he's going to be sitting

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Speaker 3: on like a pretty sweet gold mine of not paying

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Speaker 3: federal income tax on all that overtime pay. But yeah,

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Speaker 3: it has to You got to know the details and

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Speaker 3: the details are. It's same with the no tax on tips,

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Speaker 3: like you have to know what the details are because

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Speaker 3: not all tips count as tips, and it's what's your

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Speaker 3: overall AGI because you still might not qualify for no

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Speaker 3: text on tips if you're making too much. Since we're

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Speaker 3: talking AI, Matt, some workers are finding that the infusion

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Speaker 3: of AI into their jobs is causing their workload to

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Speaker 3: pile up, like they're kind of feeling burned out there.

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Speaker 3: They're being told that they need to be more productive,

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Speaker 3: and hey, this AI tool is supposed to help you

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Speaker 3: out with that, so do more.

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Speaker 1: Be better.

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Speaker 3: It is making them more productive, but it's also leading

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Speaker 3: to a lot of a lot of frustration. And I

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Speaker 3: think it's one of the things that's leading people to

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Speaker 3: start their own business in greater numbers, whether it's a

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Speaker 3: side hustle that's easier to launch because AI can then

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Speaker 3: help you five code that website you're talking about for

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Speaker 3: a physical business, right while the site still remains up

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Speaker 3: before it crashes, before it crashes, but then you can

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Speaker 3: and then you can use AI to fix it. Yeah,

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Speaker 3: then dig your way out, that's right. So, and we've

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Speaker 3: had friends who have built websites from scratch via AI

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Speaker 3: tools and I haven't messed with it, but it's man,

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Speaker 3: the web site looks really good. It looks super usable

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Speaker 3: for being something that And I talked to someone else

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Speaker 3: who said a website I made that took took me

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Speaker 3: years to build. I think it takes me a couple

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Speaker 3: of weeks now at most, which is really impressive. So

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Speaker 3: these tools really are helping people find a way to

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Speaker 3: launch their own own thing and to you know, be

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Speaker 3: able to use those apps to start making a profit

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Speaker 3: on a business that they're launching. AI is leading to

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Speaker 3: layoffs at some firms, but simultaneously to a dramatic rise

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Speaker 3: in entrepreneurship, so, you know, starting your own things. It's

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Speaker 3: not for everyone, not everyone wants to launch their own business,

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Speaker 3: but for many it might be the perfect reaction to

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Speaker 3: a tight labor market and to the reality that technology

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Speaker 3: is making this easier than ever before. It makes me

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Speaker 3: think of when we talked with John Macki, the CEO

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Speaker 3: former CEO of Whole Foods and one just an interesting story,

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Speaker 3: one of my favorite interviews we've done, but two we

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Speaker 3: talked about, hey, is it easier or harder to start

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Speaker 3: a business now than it was when you started your business?

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Speaker 3: And he was like, oh, my gosh, it's so much

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Speaker 3: easier now. And then think about this was really before

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Speaker 3: AI was much of a thing, or was something that

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Speaker 3: every day was blowing up folks were using. I think

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Speaker 3: if we had him back on he would say, yeah,

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Speaker 3: it's even easier now than ever before. I think people

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Speaker 3: are figuring that out, and yeah, you can either take

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Speaker 3: the be working somewhere and be forced to work turn

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Speaker 3: it to have an even greater output because of AI's abilities,

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Speaker 3: or you can say, you know how many use AI

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Speaker 3: on my own to launch my own thing, It'll make

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Speaker 3: that It'll grease the wheels even more for that.

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Speaker 2: Yeah, I do wonder if that has, like his response there,

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Speaker 2: if that had more to do with just his life experience.

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Speaker 2: And once you are in the know and figure out

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Speaker 2: how things work a little bit, you feel empowered to

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Speaker 2: be able to continue to continue to do the thing right.

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Speaker 2: Like for you that would be the equivalent of running,

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Speaker 2: because right now you're like, it's so easy to run.

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Speaker 2: You just go out and do it right. But for

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Speaker 2: you prior to having done that, I think it would

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Speaker 2: have seemed like a pretty tall hurdle. But yeah, so

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Speaker 2: is it a mindset thing? But I'm sure it also

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Speaker 2: does have a lot to do with the technology that

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Speaker 2: exists and the fact that more people are less loyal

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Speaker 2: to the specific companies they are with. Right, so there's

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Speaker 2: a mindset shift in what it looks like to start

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Speaker 2: a business where it looks, oh, you're just a sole

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Speaker 2: proprietor you're out there doing your own thing, as opposed

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Speaker 2: to you know, feeling like you have to be locked

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Speaker 2: in with a specific company for your entire life.

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Speaker 3: I do think it's a lot easier to find your audience.

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Speaker 3: It's there are more tools at your disposal to help

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Speaker 3: you run your business. Like there's it seems like that

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Speaker 3: on the service.

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Speaker 2: But at the same time, so it's easier to find

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Speaker 2: your audience, but then there's just as many other folks

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Speaker 2: who are also trying to launch their own things. So

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Speaker 2: the noise is just incredible, right, and so you'll be

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Speaker 2: able to cut through exactly. So, Like it's again everything

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Speaker 2: that we come across, every tool AI, it's a double

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Speaker 2: edged sword. So in some ways it's easier, in some

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Speaker 2: ways it's harder. That's why, like folks who are talking

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Speaker 2: about that taking the more of the domerism approach towards AI,

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Speaker 2: where it's just I guess going to replace everything, I'm like, well,

435
00:19:54,680 --> 00:19:56,200
Speaker 2: I don't know, I don't think that's true.

436
00:19:56,240 --> 00:19:56,960
Speaker 1: Because it's a tool.

437
00:19:57,000 --> 00:19:59,560
Speaker 2: It is a multiplier and if you want to do

438
00:19:59,720 --> 00:20:02,280
Speaker 2: good with this tool, then you have the ability to

439
00:20:02,400 --> 00:20:05,120
Speaker 2: do that. It's not this inherently evil thing. It's also

440
00:20:05,240 --> 00:20:08,120
Speaker 2: not this inherently righteous thing either, right, Like it's it's

441
00:20:08,160 --> 00:20:10,840
Speaker 2: like money it's a you know, not inherently good or bad,

442
00:20:11,160 --> 00:20:13,720
Speaker 2: but uh, okay, we're talking about starting your business. I

443
00:20:13,760 --> 00:20:15,359
Speaker 2: saw in that article two. I wanted to share this

444
00:20:15,520 --> 00:20:18,959
Speaker 2: that new business formation. It's the highest that is meant,

445
00:20:19,000 --> 00:20:23,800
Speaker 2: second only to July of twenty twenty, which is crazy.

446
00:20:23,880 --> 00:20:25,600
Speaker 2: That's so mind blowing that so many folks see an

447
00:20:25,600 --> 00:20:29,119
Speaker 2: opportunity right now and it's not that far from new

448
00:20:29,160 --> 00:20:31,880
Speaker 2: business formation back then. And so it makes me kind

449
00:20:31,880 --> 00:20:35,760
Speaker 2: of question like, is are things really that nuts like

450
00:20:35,840 --> 00:20:38,120
Speaker 2: they whar back then? Because I've looked back to twenty twenty,

451
00:20:38,160 --> 00:20:39,520
Speaker 2: I'm like, oh my gosh, I feel like things were

452
00:20:39,560 --> 00:20:42,560
Speaker 2: so crazy. But evidently a lot of people see, at

453
00:20:42,600 --> 00:20:45,680
Speaker 2: least when it comes to the business world, things do

454
00:20:46,080 --> 00:20:49,119
Speaker 2: look as maybe unstable as things did, but you know,

455
00:20:49,400 --> 00:20:50,439
Speaker 2: as things look back then.

456
00:20:50,480 --> 00:20:54,840
Speaker 3: Perhaps, But yeah, and I think it probably sounds ridiculous

457
00:20:55,119 --> 00:20:58,240
Speaker 3: to a lot of people who enjoy working for someone else.

458
00:20:58,280 --> 00:21:00,840
Speaker 3: In entrepreneurship feels a little scary, like go start your

459
00:21:00,880 --> 00:21:02,760
Speaker 3: own thing. Yeah, but I think, like why would I

460
00:21:03,040 --> 00:21:06,560
Speaker 3: A lot of people are seeing that there is a

461
00:21:06,600 --> 00:21:09,040
Speaker 3: greater ability and they're having more comfort level.

462
00:21:09,119 --> 00:21:10,480
Speaker 1: Like being an entrepreneur.

463
00:21:10,600 --> 00:21:13,480
Speaker 3: I think doesn't look it doesn't have to look like

464
00:21:14,240 --> 00:21:16,240
Speaker 3: starting some publicly traded company.

465
00:21:16,480 --> 00:21:18,719
Speaker 1: Right. It can be a business that you run from

466
00:21:18,760 --> 00:21:19,120
Speaker 1: your home.

467
00:21:19,080 --> 00:21:21,120
Speaker 2: So much easier than ever before, or even like going

468
00:21:21,280 --> 00:21:23,600
Speaker 2: finding some local real estate, commercial real estate, and like

469
00:21:23,680 --> 00:21:25,800
Speaker 2: signing a lease and putting down a whole lot of money,

470
00:21:25,920 --> 00:21:28,440
Speaker 2: like dumping a whole lot of capital. Yeah, there's a

471
00:21:28,520 --> 00:21:30,040
Speaker 2: wide range of it, and at a lot of times

472
00:21:30,160 --> 00:21:33,240
Speaker 2: it starts just from side hustling. So apparently fifty six

473
00:21:33,280 --> 00:21:36,120
Speaker 2: percent of gen Z has a side hustle these days.

474
00:21:36,400 --> 00:21:39,520
Speaker 2: This is according to a new Harris poll. And I

475
00:21:39,600 --> 00:21:41,920
Speaker 2: think side hustles, you know, right, So like some people,

476
00:21:42,000 --> 00:21:43,520
Speaker 2: like you're say, Angel that they love their job, but

477
00:21:43,600 --> 00:21:46,480
Speaker 2: other people are like, eh, a little unsure. And for

478
00:21:46,560 --> 00:21:49,120
Speaker 2: those folks, I think it can make sense if you're

479
00:21:49,240 --> 00:21:51,680
Speaker 2: just not too keen on the future of your job,

480
00:21:51,760 --> 00:21:54,040
Speaker 2: maybe you're not sure how long you can count on

481
00:21:54,200 --> 00:21:57,200
Speaker 2: that position still being there. It can certainly give you

482
00:21:57,760 --> 00:21:59,800
Speaker 2: like a creative outlet right where it feels a bit

483
00:21:59,840 --> 00:22:03,320
Speaker 2: more more fulfilling, plus the chance to build something more

484
00:22:03,440 --> 00:22:07,080
Speaker 2: meaningful that could one day turn into an actual business. Right,

485
00:22:07,119 --> 00:22:10,320
Speaker 2: because we delineate the difference between sort of hustling a

486
00:22:10,359 --> 00:22:13,200
Speaker 2: little bit on the side or gigging on the side

487
00:22:13,560 --> 00:22:15,800
Speaker 2: as opposed to starting your own business. There's a difference there,

488
00:22:16,440 --> 00:22:18,399
Speaker 2: and of course the extra income that can help you

489
00:22:18,440 --> 00:22:20,440
Speaker 2: to reach your financial goals faster. But it's just so

490
00:22:20,600 --> 00:22:24,080
Speaker 2: hard to sustain a full time job in addition to

491
00:22:24,440 --> 00:22:27,040
Speaker 2: a side hustle, you know, gigging.

492
00:22:26,800 --> 00:22:27,280
Speaker 1: On the side.

493
00:22:27,440 --> 00:22:31,479
Speaker 2: And definitely I think there are times to pursue balance

494
00:22:31,920 --> 00:22:33,960
Speaker 2: and then there are also times to front load the

495
00:22:34,040 --> 00:22:36,600
Speaker 2: sacrifice within reason. So for a lot of folks, I

496
00:22:36,680 --> 00:22:39,240
Speaker 2: think they find a little more of that energy and

497
00:22:39,640 --> 00:22:42,879
Speaker 2: the ability to pull all niners and to expose themselves

498
00:22:42,920 --> 00:22:46,240
Speaker 2: psychologically to the risk that's inherent with starting your own

499
00:22:46,240 --> 00:22:48,760
Speaker 2: business when they're younger and when you've got fewer mouths

500
00:22:48,840 --> 00:22:51,440
Speaker 2: with you. Yeah, not that you can't do that when

501
00:22:51,440 --> 00:22:52,480
Speaker 2: you've got a family, but we.

502
00:22:52,600 --> 00:22:54,240
Speaker 1: I mean you and I started did it when we

503
00:22:54,520 --> 00:22:57,639
Speaker 1: had a family. Yeah, yeah, but I love that.

504
00:22:58,400 --> 00:23:01,159
Speaker 3: I think most people should at some point try something,

505
00:23:01,280 --> 00:23:03,400
Speaker 3: at least just as a creative outlet and to see

506
00:23:03,560 --> 00:23:06,440
Speaker 3: what sticks. And don't put too much pressure on yourself.

507
00:23:06,440 --> 00:23:07,920
Speaker 3: Don't feel like you got to work thirty hours a

508
00:23:07,960 --> 00:23:09,560
Speaker 3: week to get this side hustle off the ground. That's

509
00:23:09,600 --> 00:23:11,600
Speaker 3: a great thing. If you have a traditional job, you

510
00:23:11,720 --> 00:23:14,000
Speaker 3: can put in as much or as little effort as

511
00:23:14,359 --> 00:23:16,399
Speaker 3: as you want, and you can dial it back or

512
00:23:16,680 --> 00:23:20,280
Speaker 3: or or dial it up depending on how people are

513
00:23:20,320 --> 00:23:23,600
Speaker 3: responding to the business you've launched. I'm curious too, Matt.

514
00:23:23,640 --> 00:23:25,840
Speaker 3: I just want to hear from How to Money listeners,

515
00:23:25,920 --> 00:23:29,639
Speaker 3: if you are currently engaged in the side hustle, what

516
00:23:29,760 --> 00:23:32,320
Speaker 3: are you doing, how's it going? Email us how to

517
00:23:32,400 --> 00:23:34,800
Speaker 3: Money Pod at gmail dot com. Get some folks ideas. Yeah,

518
00:23:34,840 --> 00:23:37,080
Speaker 3: I just want to know, and like maybe we'll talk

519
00:23:37,119 --> 00:23:39,639
Speaker 3: about them in future episodes. But yeah, it's as always

520
00:23:39,640 --> 00:23:42,000
Speaker 3: cool to hear, yeah, what individuals are doing one hundred percent,

521
00:23:42,119 --> 00:23:44,080
Speaker 3: and like I feel like we get even just in

522
00:23:44,119 --> 00:23:47,280
Speaker 3: regular listener questions, people will say stuff like, yeah, I

523
00:23:47,400 --> 00:23:49,280
Speaker 3: make this and such in my in my normal job,

524
00:23:49,359 --> 00:23:51,840
Speaker 3: I make a little bit extra money doing something on

525
00:23:51,920 --> 00:23:54,280
Speaker 3: the side, and so they'll just I love it when

526
00:23:54,480 --> 00:23:56,760
Speaker 3: when I hear that, it sounds like it's just something

527
00:23:56,800 --> 00:23:59,000
Speaker 3: for fun to bring it some extra dollars, And that's

528
00:23:59,000 --> 00:24:00,760
Speaker 3: a great way to think about it, something that could

529
00:24:00,800 --> 00:24:03,439
Speaker 3: lead to again a fully fledged business.

530
00:24:03,520 --> 00:24:03,600
Speaker 1: Right.

531
00:24:03,640 --> 00:24:05,800
Speaker 2: There's a difference between pursuing something like that and closing

532
00:24:05,840 --> 00:24:09,040
Speaker 2: waymo doors, which is truly something that some people are doing. Yeah,

533
00:24:09,320 --> 00:24:11,840
Speaker 2: they're getting requests to be like, oh yeah, the Weymo

534
00:24:11,920 --> 00:24:13,800
Speaker 2: bassenger didn't shut the door in the door or in

535
00:24:13,880 --> 00:24:16,080
Speaker 2: the Weymo the robot can't drive it in the door

536
00:24:16,080 --> 00:24:17,680
Speaker 2: of the jar that the car.

537
00:24:17,640 --> 00:24:19,520
Speaker 1: Can drive itself, but it can't close its own doors.

538
00:24:20,280 --> 00:24:22,760
Speaker 2: But again that's adorable. Yeah, don't count on that, because

539
00:24:22,840 --> 00:24:25,400
Speaker 2: of course they're gonna say, oh yeah, if you don't

540
00:24:25,400 --> 00:24:27,440
Speaker 2: close the door, you're gonna you're gonna get docked. Yeah,

541
00:24:27,440 --> 00:24:29,639
Speaker 2: you know, or we're gonna charge you, or we're gonna

542
00:24:29,800 --> 00:24:33,040
Speaker 2: reduce your star, your your positive feedback or something.

543
00:24:33,080 --> 00:24:33,359
Speaker 1: I don't know.

544
00:24:33,640 --> 00:24:35,440
Speaker 3: There's a way around it. They'll figure it out. Yeah,

545
00:24:35,640 --> 00:24:38,920
Speaker 3: but don't forget about the lowly side hustle. I think

546
00:24:38,920 --> 00:24:40,640
Speaker 3: it doesn't make sense for everyone, but it definitely makes

547
00:24:40,640 --> 00:24:42,959
Speaker 3: for sense for some people at certain certain times. Are

548
00:24:43,000 --> 00:24:45,640
Speaker 3: we got more to get to, including we're gonna take

549
00:24:45,680 --> 00:24:47,280
Speaker 3: the New York Times to task for a really dumb

550
00:24:47,359 --> 00:24:50,119
Speaker 3: article about retirements, and we're gonna talk about kind of

551
00:24:50,119 --> 00:24:51,560
Speaker 3: the headwinds facing.

552
00:24:51,480 --> 00:24:53,760
Speaker 1: Real estate investors as well. Right now, we'll get through

553
00:24:53,760 --> 00:24:54,679
Speaker 1: that and more right after this.

554
00:25:02,520 --> 00:25:04,920
Speaker 2: All right, buddy, we are back from the break. It's

555
00:25:05,160 --> 00:25:07,600
Speaker 2: time now for the ludicrous headline of the week, and

556
00:25:07,680 --> 00:25:11,159
Speaker 2: this is from the Times. Headline reads, the fantasy of

557
00:25:11,200 --> 00:25:14,600
Speaker 2: a comfy retirement has always been a mirage, Joel, didn't

558
00:25:14,600 --> 00:25:17,959
Speaker 2: you know that? I give up hope all you who

559
00:25:18,119 --> 00:25:20,560
Speaker 2: enter here. I just saw the headline.

560
00:25:20,600 --> 00:25:23,160
Speaker 3: I rolled my eyes so hard, man, I don't think

561
00:25:23,200 --> 00:25:27,280
Speaker 3: I ever rolled my eyes harder in my life. Like,

562
00:25:27,359 --> 00:25:30,840
Speaker 3: the fact is, and I think people know what the

563
00:25:30,960 --> 00:25:33,480
Speaker 3: gist of the article was, right Like they're talking about

564
00:25:33,520 --> 00:25:35,879
Speaker 3: the just the dour outlook the Americans have about their

565
00:25:35,920 --> 00:25:38,639
Speaker 3: ability to retire with any level of comfort at all,

566
00:25:38,680 --> 00:25:42,040
Speaker 3: and it was just tough to read. She found one

567
00:25:42,880 --> 00:25:46,879
Speaker 3: gen Zer who said he hopes that global warming or

568
00:25:47,000 --> 00:25:49,480
Speaker 3: war actually takes him out because he's not going to

569
00:25:49,480 --> 00:25:51,720
Speaker 3: be able to save enough to actually like live.

570
00:25:51,600 --> 00:25:52,880
Speaker 2: A comfortable life in retirement.

571
00:25:52,960 --> 00:25:56,480
Speaker 3: Can you imagine like having like saying that out loud.

572
00:25:56,600 --> 00:26:00,000
Speaker 2: It's it's just silly, And it's like you're going to

573
00:26:00,200 --> 00:26:02,320
Speaker 2: find people like that, right, Like that's the thing. If

574
00:26:02,400 --> 00:26:06,240
Speaker 2: you are looking for someone who has that kind of

575
00:26:06,280 --> 00:26:08,640
Speaker 2: outlook on life, like you are going to be able

576
00:26:08,640 --> 00:26:09,280
Speaker 2: to find that person.

577
00:26:09,400 --> 00:26:09,879
Speaker 1: And so to be.

578
00:26:10,160 --> 00:26:13,480
Speaker 2: I don't know, to present that as a credible sort

579
00:26:13,520 --> 00:26:16,480
Speaker 2: of attitude that a majority of Americans have. That's the

580
00:26:16,520 --> 00:26:20,800
Speaker 2: part that to me feels like fear mongering, going for

581
00:26:20,880 --> 00:26:26,240
Speaker 2: the headlines. Yeah, And honestly it feels so disempowering, which

582
00:26:26,359 --> 00:26:29,720
Speaker 2: is maybe that's what rubs up against us the most

583
00:26:29,800 --> 00:26:31,480
Speaker 2: when we saw that. It was the fact that that

584
00:26:31,640 --> 00:26:33,520
Speaker 2: is all we try to do is empower folks and

585
00:26:33,600 --> 00:26:37,520
Speaker 2: to provide people with the tools, as opposed to being like, well,

586
00:26:37,800 --> 00:26:39,560
Speaker 2: no one even knows what an ir ia is, Like

587
00:26:39,720 --> 00:26:42,959
Speaker 2: what's the point and even you know, having got as

588
00:26:43,000 --> 00:26:45,879
Speaker 2: an option for folks, we don't need more education, Like

589
00:26:45,960 --> 00:26:48,359
Speaker 2: that's that's not that's not gonna be what cuts it.

590
00:26:48,440 --> 00:26:50,879
Speaker 2: According according to her takee it' I wasn't a.

591
00:26:50,880 --> 00:26:54,480
Speaker 3: Fan of it that like policy changes can't help more people,

592
00:26:54,520 --> 00:26:59,920
Speaker 3: say for retirement, that more educational opportunities and creating person

593
00:27:00,080 --> 00:27:02,040
Speaker 3: finance courses in high schools, which is happening more and

594
00:27:02,119 --> 00:27:04,000
Speaker 3: more across the country. More than half of states now

595
00:27:04,080 --> 00:27:05,760
Speaker 3: offer that that those aren't all good things.

596
00:27:05,800 --> 00:27:06,320
Speaker 1: I think they are.

597
00:27:06,400 --> 00:27:09,800
Speaker 3: I think those come in tandem. But then when you

598
00:27:09,960 --> 00:27:14,560
Speaker 3: think about where retirement retirement benefits that come from the

599
00:27:14,600 --> 00:27:18,800
Speaker 3: government are compared to where they were one hundred years ago,

600
00:27:19,840 --> 00:27:22,439
Speaker 3: there's a lot more coverage, I think for the average

601
00:27:22,480 --> 00:27:24,639
Speaker 3: person to be able to retire even if they have

602
00:27:25,080 --> 00:27:29,400
Speaker 3: saved a dime and not be destitute. So I just think, man,

603
00:27:29,480 --> 00:27:32,399
Speaker 3: it's just really shocking to see a story like this.

604
00:27:32,760 --> 00:27:35,480
Speaker 3: And what was even funnier to me was the story

605
00:27:35,720 --> 00:27:38,760
Speaker 3: next to it was about dog grooming and how much

606
00:27:38,800 --> 00:27:41,080
Speaker 3: money people are paying to have their petscrimmed. One thousand

607
00:27:41,160 --> 00:27:43,879
Speaker 3: dollars for a dog grooming session. So people can afford

608
00:27:43,920 --> 00:27:45,399
Speaker 3: to pay a thousand dollars for dog grooming, but they

609
00:27:45,400 --> 00:27:47,440
Speaker 3: can't afford to save for their own retirement. And so

610
00:27:47,760 --> 00:27:49,320
Speaker 3: it just felt like speaking out of both sides of

611
00:27:49,359 --> 00:27:53,480
Speaker 3: your mouth from the New York Times, And well, yeah.

612
00:27:53,600 --> 00:27:55,720
Speaker 2: I mean that's what you get with a large media company, right, Like,

613
00:27:55,720 --> 00:27:57,840
Speaker 2: if you've got folks who are on this end of

614
00:27:57,880 --> 00:27:59,480
Speaker 2: the spectrum and you got other folks who are like

615
00:27:59,600 --> 00:28:01,879
Speaker 2: on the but yeah, they're the ones talking about dog

616
00:28:01,960 --> 00:28:04,160
Speaker 2: rooming and how much you should be spending on your pets.

617
00:28:04,200 --> 00:28:07,399
Speaker 3: And I also don't want to sound like an idiot

618
00:28:07,600 --> 00:28:10,960
Speaker 3: completely not understanding that affordability is an issue that a

619
00:28:11,040 --> 00:28:13,600
Speaker 3: lot of people face. Student loans are obviously a master

620
00:28:13,680 --> 00:28:16,760
Speaker 3: problem for some people. It is, of course really hard

621
00:28:16,960 --> 00:28:19,520
Speaker 3: to save for retirement. Takes a long time to overcome

622
00:28:19,840 --> 00:28:22,000
Speaker 3: maybe some of the hurdles that are in your way

623
00:28:22,400 --> 00:28:24,280
Speaker 3: that you didn't erect yourself.

624
00:28:24,720 --> 00:28:25,159
Speaker 1: I get that.

625
00:28:25,520 --> 00:28:28,560
Speaker 3: We also talk it's really important to us to talk

626
00:28:28,560 --> 00:28:31,119
Speaker 3: to people on the show who have done it, who

627
00:28:31,200 --> 00:28:32,880
Speaker 3: have overcome hurdles, who can.

628
00:28:32,880 --> 00:28:33,520
Speaker 1: Show the way.

629
00:28:34,000 --> 00:28:36,440
Speaker 3: Like it makes you think of when we had Hope

630
00:28:36,760 --> 00:28:40,280
Speaker 3: from under the media Matt episode ten thirty four. How

631
00:28:40,360 --> 00:28:42,720
Speaker 3: much did she She never made more than how much?

632
00:28:43,040 --> 00:28:45,920
Speaker 3: Forty thousand dollars a year. That's forty thousand dolls a year.

633
00:28:45,920 --> 00:28:47,560
Speaker 3: And they have like a paid off house. They've saved

634
00:28:47,800 --> 00:28:51,280
Speaker 3: incredibly well for their they were retire eventually independent. Yeah,

635
00:28:51,440 --> 00:28:54,920
Speaker 3: and like it's it is totally possible. So the comfy

636
00:28:55,360 --> 00:28:57,440
Speaker 3: the mirage of a coffee of retirement. I'm just like,

637
00:28:57,520 --> 00:28:58,920
Speaker 3: come on, man, like do better.

638
00:28:59,160 --> 00:28:59,360
Speaker 1: Yep.

639
00:28:59,600 --> 00:29:01,760
Speaker 2: And I think it's important too to keep like a

640
00:29:01,840 --> 00:29:03,840
Speaker 2: proper perspective because if you look at the percentage of

641
00:29:03,880 --> 00:29:06,680
Speaker 2: Americans who are actually so like someone would push back

642
00:29:06,720 --> 00:29:08,960
Speaker 2: and say like, well, dude, Hope, that's like a one

643
00:29:09,000 --> 00:29:11,280
Speaker 2: off case and that's also like the same when it

644
00:29:11,320 --> 00:29:14,200
Speaker 2: comes to someone who's like really struggling. And I certainly

645
00:29:14,320 --> 00:29:15,880
Speaker 2: feel for those folks, and I think there's a certain

646
00:29:15,960 --> 00:29:18,960
Speaker 2: responsibility that we should feel as individuals to look after

647
00:29:19,200 --> 00:29:22,560
Speaker 2: the folks who are in our immediate in our actual communities.

648
00:29:23,120 --> 00:29:25,640
Speaker 2: But when you really zoom out and look at the

649
00:29:26,640 --> 00:29:29,680
Speaker 2: percentage of Americans who are living in poverty, it has

650
00:29:29,760 --> 00:29:32,320
Speaker 2: significantly gone down. I mean in recent years, it's gone down,

651
00:29:32,360 --> 00:29:35,360
Speaker 2: but even like from like the nineteen fifties, man like

652
00:29:35,520 --> 00:29:38,120
Speaker 2: it is, we are in such a better position, and

653
00:29:39,160 --> 00:29:42,360
Speaker 2: unfortunately there's a folks who are sharing their opinions and

654
00:29:42,440 --> 00:29:44,160
Speaker 2: are making it so like it's the worst it's ever been. Well,

655
00:29:44,160 --> 00:29:46,040
Speaker 2: and you and I have talked about the shrinking middle class.

656
00:29:46,280 --> 00:29:49,120
Speaker 3: Why is the middle class like not as robust as

657
00:29:49,120 --> 00:29:52,120
Speaker 3: it used to be. It's because we have more people

658
00:29:52,240 --> 00:29:55,800
Speaker 3: a higher percentage of Americans in the upper class, right,

659
00:29:56,000 --> 00:29:59,840
Speaker 3: So that's actually been growing, that sort of more of

660
00:30:00,000 --> 00:30:02,880
Speaker 3: the middle class is going is into the upper class.

661
00:30:02,960 --> 00:30:06,280
Speaker 3: So there are issues in this country, right for sure,

662
00:30:06,760 --> 00:30:09,920
Speaker 3: and our politicians are not always making it better or

663
00:30:10,000 --> 00:30:13,920
Speaker 3: offering ideal solutions, but just to make it sound like

664
00:30:14,040 --> 00:30:19,080
Speaker 3: there's no real individual agency to save enough to have

665
00:30:19,160 --> 00:30:22,320
Speaker 3: a solid retirement over the course of a thirty plus

666
00:30:22,400 --> 00:30:26,400
Speaker 3: year working career. Forty year working career, that's just absurd.

667
00:30:26,720 --> 00:30:28,720
Speaker 2: Yeah, And one of the approaches we needed to take

668
00:30:29,040 --> 00:30:33,400
Speaker 2: is just a smart and simple investing approach in order

669
00:30:33,440 --> 00:30:37,160
Speaker 2: for I think individuals to be able to responsibly shoulder

670
00:30:37,240 --> 00:30:40,560
Speaker 2: that load as individuals. But I will say it's getting

671
00:30:40,560 --> 00:30:44,280
Speaker 2: harder given what's being offered to every day investors Blackrock.

672
00:30:44,520 --> 00:30:47,680
Speaker 2: They're saying that index funds aren't enough for want to

673
00:30:47,760 --> 00:30:50,320
Speaker 2: be retirees. So we're kind of connecting these two stories here.

674
00:30:50,960 --> 00:30:54,280
Speaker 2: What we need is their private funds and actively managed

675
00:30:54,360 --> 00:30:56,480
Speaker 2: assets inside our retirement accounts.

676
00:30:56,520 --> 00:30:57,320
Speaker 1: Thanks black Rock.

677
00:30:57,600 --> 00:31:00,960
Speaker 2: Yeah, this is this is a little will quote from

678
00:31:01,640 --> 00:31:04,760
Speaker 2: black Rocks head of retirement. There needs to be an

679
00:31:04,840 --> 00:31:08,760
Speaker 2: evolution away from index investing because the markets are evolving,

680
00:31:09,280 --> 00:31:12,280
Speaker 2: and he says with a need for more oversight, which

681
00:31:13,920 --> 00:31:16,280
Speaker 2: I don't like because for the I mean the average

682
00:31:16,280 --> 00:31:18,400
Speaker 2: investor out there, what they need are more of their

683
00:31:18,480 --> 00:31:20,600
Speaker 2: dollars invested in index funds.

684
00:31:20,680 --> 00:31:23,000
Speaker 3: Like that couldn't be a self serving quote at all,

685
00:31:23,040 --> 00:31:23,680
Speaker 3: could it, Matah.

686
00:31:23,680 --> 00:31:27,120
Speaker 2: Of course, these are funds that they make more money

687
00:31:27,160 --> 00:31:28,920
Speaker 2: on right, And so I guess I was starting to

688
00:31:28,920 --> 00:31:30,800
Speaker 2: hedge a little bit because on one hand, I think

689
00:31:31,200 --> 00:31:34,120
Speaker 2: the typical American who needs to be investing more, who

690
00:31:34,160 --> 00:31:38,040
Speaker 2: needs to be empowered to shoulder more of that burden,

691
00:31:38,920 --> 00:31:42,400
Speaker 2: they most definitely need to be investing in index funds.

692
00:31:42,440 --> 00:31:45,080
Speaker 2: But like, at the same time, the people who are

693
00:31:45,080 --> 00:31:48,040
Speaker 2: listening to like the head of black Rock, these aren't

694
00:31:48,040 --> 00:31:52,280
Speaker 2: people who have never heard of you know what I'm saying.

695
00:31:52,440 --> 00:31:53,880
Speaker 1: These are more sophisticated investors.

696
00:31:53,920 --> 00:31:57,320
Speaker 2: They think they're more sophisticated, or they are folks who

697
00:31:57,360 --> 00:31:59,160
Speaker 2: think they need a more sophisticated solution.

698
00:31:59,640 --> 00:32:00,480
Speaker 1: Do they No?

699
00:32:01,200 --> 00:32:03,760
Speaker 2: But also, you know, can they go out there and

700
00:32:03,800 --> 00:32:05,520
Speaker 2: spend a little bit more on some of these funds

701
00:32:05,560 --> 00:32:07,960
Speaker 2: you can get to You probably won't deliver better results, Sure,

702
00:32:08,160 --> 00:32:10,320
Speaker 2: sure you can, and that might make you feel better, right, Like,

703
00:32:10,360 --> 00:32:12,200
Speaker 2: so there's a different product that you're gaining when you

704
00:32:12,320 --> 00:32:15,680
Speaker 2: spend more of your investment dollars via expense ratios on

705
00:32:15,800 --> 00:32:18,479
Speaker 2: products that make you feel a little fancier. I think

706
00:32:18,560 --> 00:32:22,680
Speaker 2: you get too sophisticated for your own good. Absolutely, I

707
00:32:22,760 --> 00:32:23,000
Speaker 2: got the.

708
00:32:23,000 --> 00:32:25,240
Speaker 3: Basics down now, so time for me to move on

709
00:32:25,440 --> 00:32:27,440
Speaker 3: to level two investing. Level three investing.

710
00:32:27,480 --> 00:32:29,360
Speaker 2: Oh, I just got the raise. Time to let's take

711
00:32:29,360 --> 00:32:31,479
Speaker 2: it to the next level. And so we're a little behind.

712
00:32:31,640 --> 00:32:32,920
Speaker 2: How can we juice the returns?

713
00:32:33,120 --> 00:32:35,200
Speaker 3: And I'm not saying that there's no other smart way

714
00:32:35,240 --> 00:32:37,560
Speaker 3: to invest aside from index ones. I think there are

715
00:32:37,720 --> 00:32:41,320
Speaker 3: other smart ways to invest. But when we start to

716
00:32:41,400 --> 00:32:45,400
Speaker 3: think we have that complexity, adding more and more complexity

717
00:32:45,560 --> 00:32:48,640
Speaker 3: is going to provide better returns and is going to

718
00:32:49,320 --> 00:32:53,880
Speaker 3: just help us maybe meet our goals much faster than

719
00:32:54,160 --> 00:32:56,640
Speaker 3: otherwise than we otherwise would if we were to stick

720
00:32:56,640 --> 00:33:00,160
Speaker 3: with a super basic approach, that often ends up not

721
00:33:00,280 --> 00:33:02,719
Speaker 3: being the case. And we report stories on here all

722
00:33:02,800 --> 00:33:05,320
Speaker 3: the time of people trying to get super sophisticated with

723
00:33:05,360 --> 00:33:08,120
Speaker 3: their investments, whether it's investing in some sort of online

724
00:33:08,160 --> 00:33:10,960
Speaker 3: real estate firm or alternative investments.

725
00:33:11,000 --> 00:33:11,480
Speaker 2: And the.

726
00:33:12,960 --> 00:33:15,760
Speaker 3: Way that looks on the home screen of that website,

727
00:33:16,040 --> 00:33:18,040
Speaker 3: man makes it look like the best things in sliced bread.

728
00:33:18,400 --> 00:33:20,280
Speaker 3: And then a lot of people get left out in

729
00:33:20,320 --> 00:33:23,200
Speaker 3: the lurch, sometimes losing a lot of the capital they

730
00:33:23,280 --> 00:33:25,560
Speaker 3: even if not all the capital they put into that deal,

731
00:33:26,040 --> 00:33:29,720
Speaker 3: but or just experiencing more mega returns, higher fees than

732
00:33:29,760 --> 00:33:32,000
Speaker 3: they were told on the front end. It makes me

733
00:33:32,040 --> 00:33:36,080
Speaker 3: think about Robin Hood just launched a private equity fund

734
00:33:36,600 --> 00:33:39,600
Speaker 3: and you don't need it or long term investors, And

735
00:33:39,680 --> 00:33:42,640
Speaker 3: this is a short term example, but that fund fell

736
00:33:42,720 --> 00:33:45,840
Speaker 3: eleven percent in the first day of trading. Matt, you

737
00:33:45,920 --> 00:33:49,200
Speaker 3: think your Post Iron wore a three percent drop of

738
00:33:49,560 --> 00:33:50,400
Speaker 3: your index fund?

739
00:33:50,480 --> 00:33:50,920
Speaker 1: Stinks.

740
00:33:51,280 --> 00:33:53,960
Speaker 3: They're just that was over the course of a week

741
00:33:54,000 --> 00:33:55,840
Speaker 3: and a half. This is eleven percent in one day.

742
00:33:56,280 --> 00:33:59,400
Speaker 3: They're just a lot of ways, bad ways that you

743
00:33:59,440 --> 00:34:02,440
Speaker 3: could choose to invest that could create more shocks to

744
00:34:02,480 --> 00:34:05,000
Speaker 3: your portfolio that we want you to avoid. And the

745
00:34:05,080 --> 00:34:08,800
Speaker 3: abnormally high fees that these funds charge. Guess what the

746
00:34:08,840 --> 00:34:12,239
Speaker 3: fee gets levied no matter how the fund performs. So yeah,

747
00:34:12,320 --> 00:34:15,839
Speaker 3: if your fund underperforms and you're paying higher fees, then

748
00:34:15,960 --> 00:34:17,360
Speaker 3: that's like, that's a double whammy.

749
00:34:17,440 --> 00:34:19,800
Speaker 2: And also just stay away from IPOs generally speaking. Is

750
00:34:20,200 --> 00:34:23,680
Speaker 2: I don't think we've addressed that specifically, because I think

751
00:34:23,760 --> 00:34:26,480
Speaker 2: listeners know that a while. They're like, no, man, Joel,

752
00:34:26,520 --> 00:34:28,239
Speaker 2: they're not going to like it me, they're not gonna

753
00:34:28,320 --> 00:34:31,239
Speaker 2: like me asking about an initial public offering. But Joe,

754
00:34:31,320 --> 00:34:34,280
Speaker 2: we don't talk nearly as much about becoming a landlord

755
00:34:34,600 --> 00:34:37,880
Speaker 2: these days either, it's not that you can't succeed, but

756
00:34:38,080 --> 00:34:39,759
Speaker 2: it has just gotten a whole lot harder right now

757
00:34:39,800 --> 00:34:42,360
Speaker 2: because of the state of the market. Folks who have

758
00:34:42,560 --> 00:34:45,799
Speaker 2: been in the industry for years are having a hard

759
00:34:45,840 --> 00:34:49,800
Speaker 2: time making deals work, and certainly folks who are just

760
00:34:50,040 --> 00:34:52,120
Speaker 2: brand new to the scene right like all the nubes

761
00:34:52,160 --> 00:34:55,759
Speaker 2: out there, they're facing significantly bigger headwinds. I think I

762
00:34:56,000 --> 00:34:58,719
Speaker 2: generally speaking, our previous advice is still accurate, but it's

763
00:34:58,800 --> 00:35:01,560
Speaker 2: just really hard to apply it right now. And Business

764
00:35:01,600 --> 00:35:05,480
Speaker 2: Insider the highlighted some of the increasing problems that landlords

765
00:35:05,480 --> 00:35:10,160
Speaker 2: are facing. We're talking about higher vacancy rates, We're seeing

766
00:35:10,840 --> 00:35:14,239
Speaker 2: evictions on the rise. Just the cost of fixing and

767
00:35:14,320 --> 00:35:18,120
Speaker 2: maintenance and repairs is pretty dang high, and so landlords

768
00:35:18,120 --> 00:35:20,200
Speaker 2: are having to endure some real strain in order to

769
00:35:20,360 --> 00:35:24,239
Speaker 2: enjoy these long term gains that you know, hopefully you'll

770
00:35:24,239 --> 00:35:26,759
Speaker 2: be able to experience like that pot of gold at

771
00:35:26,760 --> 00:35:29,359
Speaker 2: the end of the rainbow at some point. But it's

772
00:35:29,480 --> 00:35:31,520
Speaker 2: just a heads up, a warning to make sure that

773
00:35:31,640 --> 00:35:33,080
Speaker 2: you have the know how, to make sure you have

774
00:35:33,160 --> 00:35:36,200
Speaker 2: the cash to be able to navigate some of these

775
00:35:36,440 --> 00:35:40,000
Speaker 2: more difficult months and honestly beyond months like even years

776
00:35:40,440 --> 00:35:44,080
Speaker 2: that real estate can experience, right, and so it's not

777
00:35:44,200 --> 00:35:45,400
Speaker 2: for the fiend of heart, I guess, is what I

778
00:35:45,440 --> 00:35:45,839
Speaker 2: want to say.

779
00:35:45,880 --> 00:35:47,200
Speaker 3: It makes you think if you were like talked to

780
00:35:47,320 --> 00:35:50,080
Speaker 3: box Matt and then they tied your left arm behind

781
00:35:50,120 --> 00:35:53,320
Speaker 3: your back, like there's still that knowledge still comes in handy,

782
00:35:53,840 --> 00:35:57,040
Speaker 3: but you're still a whole lot more likely to get

783
00:35:57,040 --> 00:35:59,400
Speaker 3: smacked around in the ring if you can only use

784
00:35:59,440 --> 00:36:01,799
Speaker 3: one of your hands to guard yourself right to fight

785
00:36:02,120 --> 00:36:06,200
Speaker 3: on the offensive. And I just think that there's not

786
00:36:06,320 --> 00:36:08,960
Speaker 3: for everyone, but in a lot of real estate deals

787
00:36:09,120 --> 00:36:13,200
Speaker 3: that are happening right now for individuals, for bigger companies,

788
00:36:13,680 --> 00:36:16,200
Speaker 3: like because of the headwinds, it feels like going into

789
00:36:16,239 --> 00:36:18,359
Speaker 3: a boxing ring with just one arm tied behind your back,

790
00:36:18,400 --> 00:36:19,879
Speaker 3: so you have to be you have to be ready

791
00:36:19,920 --> 00:36:22,520
Speaker 3: for in twenty twenty eleven, it was like having a

792
00:36:22,600 --> 00:36:24,440
Speaker 3: third arm, right, Like that was like that was like

793
00:36:24,520 --> 00:36:27,800
Speaker 3: wind at your back. And I've never seen anybody with

794
00:36:27,840 --> 00:36:29,880
Speaker 3: a third arm, but like I would imagine it'd be

795
00:36:29,920 --> 00:36:32,839
Speaker 3: a great boxer if you were born with an abnormal extrage.

796
00:36:32,840 --> 00:36:34,520
Speaker 2: You feel like the first guy that you fought in

797
00:36:34,600 --> 00:36:37,600
Speaker 2: Mike Tyson's punch out right as a glass Joe, Right, Yeah,

798
00:36:38,520 --> 00:36:41,120
Speaker 2: this level, it's like anybody can get past the first level.

799
00:36:41,200 --> 00:36:41,560
Speaker 1: That's right.

800
00:36:41,640 --> 00:36:44,839
Speaker 3: It's a little bit tough for the fred percent, maybe one,

801
00:36:45,160 --> 00:36:48,160
Speaker 3: and maybe the winds are starting to change, right because

802
00:36:48,480 --> 00:36:50,960
Speaker 3: on a positive note for landlords, it looks like some

803
00:36:51,160 --> 00:36:54,240
Speaker 3: cities where rents were like kind of crashing, they're starting

804
00:36:54,280 --> 00:36:56,719
Speaker 3: to see prices tick up again, moderate and tick up.

805
00:36:56,800 --> 00:36:59,719
Speaker 3: So like in Austin where builders were throwing up apartments

806
00:37:00,040 --> 00:37:01,960
Speaker 3: like it was their job, because it is their job,

807
00:37:02,160 --> 00:37:03,799
Speaker 3: but they were just like man, they were tossing up

808
00:37:03,840 --> 00:37:05,839
Speaker 3: apartments like crazy, and they were in fact being paid

809
00:37:05,880 --> 00:37:09,319
Speaker 3: to do that. They were they were well, rents were

810
00:37:09,360 --> 00:37:13,640
Speaker 3: dropping dramatically because of overbuilding, but builders will were like, oh,

811
00:37:13,800 --> 00:37:16,759
Speaker 3: we're gonna stop building apartments because rents are going down.

812
00:37:17,200 --> 00:37:20,320
Speaker 3: And now the population has continued to increase in Austin.

813
00:37:20,560 --> 00:37:23,960
Speaker 3: So we're finally getting to a point of where, after

814
00:37:24,040 --> 00:37:28,040
Speaker 3: three years of following rents stable or slightly rising prices

815
00:37:28,400 --> 00:37:30,320
Speaker 3: in the rent space looks like it's gonna happen in

816
00:37:30,360 --> 00:37:33,360
Speaker 3: twenty twenty six. Yeah, and this also, Matt proves the

817
00:37:33,440 --> 00:37:37,000
Speaker 3: age old economic reality that supply and demand still work.

818
00:37:37,400 --> 00:37:40,319
Speaker 3: Supplying demand undefeated baby and so if you're a renter

819
00:37:40,440 --> 00:37:43,239
Speaker 3: in a Sun Belt city newly built apartments, they're still

820
00:37:43,320 --> 00:37:45,640
Speaker 3: offering a free month, a month, maybe a free two

821
00:37:45,719 --> 00:37:47,960
Speaker 3: months if you move like there's still some deals to

822
00:37:48,000 --> 00:37:50,360
Speaker 3: be had out there, but those offers are likely to

823
00:37:50,440 --> 00:37:53,839
Speaker 3: get less generous as we reach kind of more equilibrium

824
00:37:53,880 --> 00:37:55,080
Speaker 3: status in some of these markets.

825
00:37:55,560 --> 00:37:58,120
Speaker 2: That's right, Joel. We've got a couple follow ups here.

826
00:37:58,239 --> 00:38:02,040
Speaker 2: There's two timely stories that we should mention. Let's talk

827
00:38:02,040 --> 00:38:08,520
Speaker 2: about tariffs. After the ruling against Trump's illegal tariffs, Tariff

828
00:38:08,560 --> 00:38:12,520
Speaker 2: refunds are now on the way, so Customs and Border

829
00:38:12,600 --> 00:38:15,240
Speaker 2: Patrol they say that a system will be in place

830
00:38:15,719 --> 00:38:19,360
Speaker 2: in about forty five days from now. Costco they have

831
00:38:19,440 --> 00:38:21,279
Speaker 2: already said that they're going to use these refunds that

832
00:38:21,280 --> 00:38:24,480
Speaker 2: they're going to receive from the government in order to

833
00:38:24,520 --> 00:38:26,760
Speaker 2: lower prices for their consumers.

834
00:38:26,680 --> 00:38:27,200
Speaker 1: Which I love.

835
00:38:27,600 --> 00:38:29,400
Speaker 2: I'm gonna totally be looking out for the things I

836
00:38:29,440 --> 00:38:31,680
Speaker 2: stock up on, you know, and look for.

837
00:38:32,360 --> 00:38:33,000
Speaker 1: I love that too.

838
00:38:33,360 --> 00:38:35,919
Speaker 2: What does the limit per customers say? I'm just grab

839
00:38:36,000 --> 00:38:36,359
Speaker 2: that many.

840
00:38:37,080 --> 00:38:37,640
Speaker 1: I love that too.

841
00:38:37,719 --> 00:38:40,760
Speaker 3: Did you see though, that one customer is suing Costco

842
00:38:40,920 --> 00:38:43,719
Speaker 3: because he wants Costco to pass on the refund the

843
00:38:43,800 --> 00:38:47,240
Speaker 3: tariff refund directly to directly to consumers, which just sounds

844
00:38:47,320 --> 00:38:49,560
Speaker 3: like a huge pain in the butt for Costco. So yeah,

845
00:38:49,600 --> 00:38:50,920
Speaker 3: baking into lower prices.

846
00:38:50,680 --> 00:38:53,640
Speaker 2: Well, I mean yeah, it makes me think about even

847
00:38:53,719 --> 00:38:57,160
Speaker 2: just on customers on an individual level who themselves paid

848
00:38:57,280 --> 00:38:59,520
Speaker 2: an expensive tariff, right like if it was something that

849
00:38:59,560 --> 00:39:02,400
Speaker 2: you receive from another country, Because how the heck is

850
00:39:02,440 --> 00:39:05,200
Speaker 2: not going to work? It is unclear. It's a massive mess.

851
00:39:05,880 --> 00:39:08,120
Speaker 2: That being said, there are people who are talking about it.

852
00:39:08,280 --> 00:39:10,760
Speaker 2: So if there is a way for individuals to file

853
00:39:11,360 --> 00:39:13,440
Speaker 2: for tariff refunds, if that comes along, we'll be sure

854
00:39:13,480 --> 00:39:15,880
Speaker 2: to mention it. As of now, there is not anything

855
00:39:16,000 --> 00:39:18,160
Speaker 2: like that, which is why that guy was looking to

856
00:39:18,200 --> 00:39:20,879
Speaker 2: sue the nearest thing he could see, which for him

857
00:39:20,880 --> 00:39:21,560
Speaker 2: I guess was Costco.

858
00:39:22,000 --> 00:39:24,239
Speaker 3: I mean, stupid, do your thing, man, go for it.

859
00:39:24,840 --> 00:39:28,040
Speaker 3: Student loan forgiveness is tax bull again, not for folks

860
00:39:28,040 --> 00:39:30,640
Speaker 3: who hit public service loan forgiveness, but for anyone who

861
00:39:30,719 --> 00:39:35,640
Speaker 3: reaches forgiveness under income based repayment plans. And it's obviously

862
00:39:35,680 --> 00:39:37,080
Speaker 3: it's a beautiful thing to have the rest of your

863
00:39:37,080 --> 00:39:39,680
Speaker 3: student loan balance forgiven, but the tax bill that comes

864
00:39:39,719 --> 00:39:43,120
Speaker 3: along with it remember it was eradicated between the years

865
00:39:43,120 --> 00:39:45,279
Speaker 3: of twenty twenty one and twenty twenty five. It's kind

866
00:39:45,320 --> 00:39:48,680
Speaker 3: of a post COVID measure, but that has now expired.

867
00:39:48,719 --> 00:39:51,320
Speaker 3: So it's really important for all student loan borrowers to

868
00:39:51,400 --> 00:39:53,480
Speaker 3: know that who are like start prepping inch and closer

869
00:39:53,600 --> 00:39:57,640
Speaker 3: towards forgiveness. The average forgiven balance amount I didn't know

870
00:39:57,719 --> 00:40:00,680
Speaker 3: this is close to sixty thousand dollars, which means your

871
00:40:00,680 --> 00:40:03,040
Speaker 3: tax bill could be ten to fifteen thousand dollars. So

872
00:40:03,080 --> 00:40:04,880
Speaker 3: it's awesome to get that wiped off the books. But

873
00:40:04,920 --> 00:40:07,960
Speaker 3: then you have to be ready come April of like

874
00:40:08,640 --> 00:40:11,399
Speaker 3: a really high tax bill that maybe you weren't. It's

875
00:40:11,400 --> 00:40:12,400
Speaker 3: like a prepared it's.

876
00:40:12,239 --> 00:40:15,120
Speaker 2: A ticking tax time bomb that's going to hit people

877
00:40:15,400 --> 00:40:17,800
Speaker 2: about this time next year. Yeah, and don't say we

878
00:40:17,840 --> 00:40:19,840
Speaker 2: didn't warn you, so you got it truly. I'll mean

879
00:40:19,840 --> 00:40:21,960
Speaker 2: you got about twelve months. Yeah, try to figure out

880
00:40:22,000 --> 00:40:23,960
Speaker 2: how much it is that you're going to owe. And

881
00:40:24,800 --> 00:40:26,560
Speaker 2: I think there's other other steps you can take too,

882
00:40:26,760 --> 00:40:29,120
Speaker 2: kind of offset that potential tax bill because it's being

883
00:40:31,000 --> 00:40:33,560
Speaker 2: for it's being taxed as ordinary income, and so your

884
00:40:33,600 --> 00:40:37,120
Speaker 2: ability as an individual to reduce your taxable income by

885
00:40:37,280 --> 00:40:39,680
Speaker 2: charitable giving. For instance, maybe last year you're like, you know,

886
00:40:39,719 --> 00:40:42,560
Speaker 2: I always set some money aside, but standard deduction is

887
00:40:42,600 --> 00:40:44,800
Speaker 2: so dang high, so you I don't. That's not a

888
00:40:44,840 --> 00:40:46,520
Speaker 2: great reason to not give. But if you're looking at

889
00:40:46,560 --> 00:40:48,719
Speaker 2: it from a tax perspective and you're sitting on that cash,

890
00:40:49,200 --> 00:40:51,479
Speaker 2: oh maybe you make that happen this year. Oh maybe

891
00:40:51,520 --> 00:40:54,120
Speaker 2: you up your pretax giving towards retirement accounts. There are

892
00:40:54,160 --> 00:40:58,040
Speaker 2: different ways to make sure that you're avoiding getting bumped

893
00:40:58,080 --> 00:41:00,360
Speaker 2: up into that next tax bracket. To you have the

894
00:41:00,400 --> 00:41:02,359
Speaker 2: cash on hand to be able to pay that tax

895
00:41:02,400 --> 00:41:03,920
Speaker 2: when it's due, start planning for it.

896
00:41:04,080 --> 00:41:06,560
Speaker 3: All right, that's going to do it for this episode, Matt,

897
00:41:06,760 --> 00:41:09,359
Speaker 3: and we have resources up on the website howdomoney dot

898
00:41:09,400 --> 00:41:11,319
Speaker 3: com good stuff, So if you haven't checked that out,

899
00:41:11,400 --> 00:41:13,680
Speaker 3: please do. And if you have answer your questions, we

900
00:41:13,760 --> 00:41:15,640
Speaker 3: got lots of stuff for you over there, lots of

901
00:41:15,680 --> 00:41:17,520
Speaker 3: good stuff. If you have a money question we want

902
00:41:17,560 --> 00:41:19,200
Speaker 3: to hear from you, just go to ho to money

903
00:41:19,239 --> 00:41:21,239
Speaker 3: dot com, slash ask record it on the voicemami of

904
00:41:21,280 --> 00:41:22,920
Speaker 3: your phone. Because guess what, on Monday, We're going to

905
00:41:23,000 --> 00:41:26,840
Speaker 3: have an episode that's dedicated answering your questions. If you

906
00:41:26,880 --> 00:41:29,399
Speaker 3: want your question answered, please hollerate us. Yeah, boy, that's

907
00:41:29,440 --> 00:41:30,359
Speaker 3: going to be it, all right

908
00:41:30,360 --> 00:41:33,799
Speaker 2: Buddy, Until next time, best friend out, Best friends Out,