Speaker 1: Welcome to How the Money. I'm Joel and I and
Speaker 1: Matt and today we're talking about grit, the number one
Speaker 1: factor in winning with your money. Dude, I am really
Speaker 1: looking forward to this episode. You know, we've been talking
Speaker 1: about grit for a while now. This is this episode
Speaker 1: actually is going to be kind of loosely based on
Speaker 1: Angela Duckworth's book Apthlete titled Grit. But it's such a
Speaker 1: fascinating book. We would definitely recommend it for anybody out
Speaker 1: there who has not yet read it. But we're gonna
Speaker 1: be talking about grit in the context of our money,
Speaker 1: the different things that we need to make sure that
Speaker 1: we're doing when it comes to our personal finances to
Speaker 1: ensure that we're getting ahead, that we're actually reaching those goals.
Speaker 1: And we really do think grit is the number one factor.
Speaker 1: And we're gonna talk about the other factors of financial
Speaker 1: success and how grit actually is more meaningful old then
Speaker 1: a lot of the other things you might assume are
Speaker 1: number one. Yeah, we definitely feel that it trumps them
Speaker 1: for sure. Ye. Well, before we get to that, man,
Speaker 1: I wanted to let you know I found something out
Speaker 1: the other day and I didn't realize this, which is
Speaker 1: interesting because I used the Libby app quite quite frequently.
Speaker 1: It's they were big fans. Yes, the library app, where
Speaker 1: you can listen to audio books or you can get
Speaker 1: e books directly in your hands on your phone for free.
Speaker 1: You can borrow that stuff from your local library system,
Speaker 1: and so I listened to a lot of audio books
Speaker 1: on there. But there's something I didn't realize that the
Speaker 1: library offered through the Libby app until just the other day,
Speaker 1: and I don't know how I was missing this. There
Speaker 1: was a magazine that I wanted to subscribe to. I
Speaker 1: looked it up. It was fifteen bucks a year in
Speaker 1: order to get the physical copy, or fifteen bucks a
Speaker 1: year to get the digital copy, or I could pay
Speaker 1: twenty bucks a year and get both. And I was like,
Speaker 1: that's not bad, and the magazine has a really cool
Speaker 1: design to it. I was like, all right, well, I
Speaker 1: kind of want the physical copy, but for now at least,
Speaker 1: I decided to hold off. And I was just like
Speaker 1: doing some messing around on the Libby app, and it
Speaker 1: turns out they have magazines too, and so the magazine
Speaker 1: that I wanted to sign up Forum. If I were
Speaker 1: to opt for the digital copy and pay fifteen bucks.
Speaker 1: But guess what, I can get it for free through
Speaker 1: the Libby app instead. So basically that same digital copy
Speaker 1: cost me nothing versus first fifteen bucks a year. And like,
Speaker 1: there's tons of magazines out there that people can subscribe to,
Speaker 1: so and so if you're a big magazine buff, I
Speaker 1: just wanted to like put that on your radar. You
Speaker 1: don't necessarily even have to subscribe to it on your own.
Speaker 1: You can get it through your library system. Yeah, well,
Speaker 1: how does it actually look within the app? Right, because
Speaker 1: so much of a magazine's design, like you kind of
Speaker 1: mentioned that earlier, you know, a second ago you said,
Speaker 1: like the design of the magazine oftentimes really plays into
Speaker 1: kind of the experience, and it can be difficult to
Speaker 1: kind of appreciate that, you know, like on your phone
Speaker 1: or on a tablet, you know, does it look like
Speaker 1: the magazine or does it just look like, uh, you know,
Speaker 1: an article on your phone. Yeah, it more looks like
Speaker 1: an article. It's it's definitely doesn't have the same the
Speaker 1: same feel list that a little bit, but you can
Speaker 1: still get all that information. Yeah, exactly, And I will
Speaker 1: say too if you want the physical copy, because I
Speaker 1: agree having a physical magazine copy is so nice, especially
Speaker 1: for the ones that put a lot of effort into
Speaker 1: the design work. One don't buy the magazine off the shelf,
Speaker 1: because oftentimes you can get a whole year's worth of
Speaker 1: that magazine for the prices, especially that first year. I
Speaker 1: mean that first year. Literally you can you can pay
Speaker 1: five bucks and get an entire first year of that
Speaker 1: magazine included instead of you know, paying six at a bookstore, right,
Speaker 1: And there are other sites out there now too that
Speaker 1: will offer you better prices than going like directly through
Speaker 1: the magazine publisher. There's one website I know of called
Speaker 1: discount mags dot com, and I've gotten um some magazines
Speaker 1: there before, and I think I was able to get
Speaker 1: like a year of a magazine I liked for like
Speaker 1: five bucks, And so that's literally the price of one
Speaker 1: issue for a year's worth of it. And so for
Speaker 1: this one, at least for now, I'm gonna, you know,
Speaker 1: do it on the Libby app. But because the design
Speaker 1: is so good, I think I'm gonna have to get
Speaker 1: the physical physical copy at some point. At some point,
Speaker 1: I feel like the temptation to buy a magazine in
Speaker 1: person is the strongest in an airport. You know, yes,
Speaker 1: that is true, because like you've already you know, you
Speaker 1: flip through all your social media, you're caught up there.
Speaker 1: You've read the articles that you want to read the phone, like,
Speaker 1: you know, maybe you don't want to do email, or
Speaker 1: maybe you're all caught up on email and you're still waiting,
Speaker 1: and so you're like, dang it, what am I gonna do?
Speaker 1: And so folks either tend to just waste time on
Speaker 1: their phones or they go over to the little store
Speaker 1: they see a magazine and they see a cover that
Speaker 1: interested them, and then you end up buying it there.
Speaker 1: So instead of doing that, make sure you have the
Speaker 1: libbyatt downloaded and search that magazine on your phone first. Exactly.
Speaker 1: I feel like the airport is one of those places
Speaker 1: kind of like getting a hot dog in a ball park,
Speaker 1: where you could market it up and people would still
Speaker 1: pay for it, doesn't matter. It's like you're so beholden
Speaker 1: you can't leave the terminal, you know, or whatever, Like
Speaker 1: you're afraid that they're gonna start boarding, so you're there.
Speaker 1: You're kind of like locked in. People are obsessed with
Speaker 1: getting in line first. That's like a whole another tangent
Speaker 1: that my mind just went to that we're not gonna
Speaker 1: talk about right now. I appreciate you sharing that tip.
Speaker 1: That's something that I didn't know. Man. But let's go
Speaker 1: ahead and introduce our beer for this episode today. You
Speaker 1: and I are both drinking a pales in comparison, which
Speaker 1: is a double dry hop American pale ale, and this
Speaker 1: one is from Edmond's past brewing. I'm looking forward to
Speaker 1: enjoying this one and sharing our thoughts at the end
Speaker 1: of the episode, Buddy, no doubt, me too. All right,
Speaker 1: But but now let's get onto the topic at hand.
Speaker 1: We're talking about grit and we really do believe it's
Speaker 1: the number one factor in winning with your money. Matt.
Speaker 1: We we thought about titling this episode, getting gritty with
Speaker 1: it and uh doing a little Will Smith theme. No no, no, no, no, no.
Speaker 1: It would have been fun. But as you did a
Speaker 1: little dance and like a little hand swing at the side,
Speaker 1: you've got it down, Pat, Buddy, Yeah, actually done. I
Speaker 1: did it back in the day. If only this was
Speaker 1: a video podcast, you know, people could have everyone could
Speaker 1: have experienced. Only it's not well, it just makes me think, Matt,
Speaker 1: thinking about grit makes me think about when I was
Speaker 1: growing up. I played the piano for a few years
Speaker 1: when I was a kid. My parents basically made me
Speaker 1: do it, uh, And I really wasn't all about that
Speaker 1: practice life that you were supposed to do on the side,
Speaker 1: you didn't have that sticker on the bag again, piano
Speaker 1: life with a why no, I didn't. I didn't. And
Speaker 1: because my parents basically like forced me into the piano thing,
Speaker 1: I did it reluctantly. And and after a few years
Speaker 1: my parents were like, actually, we're gonna let you have
Speaker 1: a little more say in whether or not you want
Speaker 1: to continue on in piano. And I bolted at the
Speaker 1: first chance, right, And I've never really played the piano
Speaker 1: since my commitment level. Where I was on the grit scale,
Speaker 1: as Angela duck Worth would put it, was pretty low.
Speaker 1: And Angela Duckworth wos a psychology professor. She writes about
Speaker 1: the grit scale, and she's done some of the best
Speaker 1: research on the subject of grit and I think a
Speaker 1: lot of what she's found can really help us develop
Speaker 1: more resilience in our lives in general. But then you
Speaker 1: and I we think that there's a lot of room
Speaker 1: for grit development and how we handle our money too,
Speaker 1: and then it can have a really big payoff. Yeah,
Speaker 1: you know, it really does turn out that grit and
Speaker 1: commitment to how they can have a large effect on
Speaker 1: the progress that we're able to make toward the goals
Speaker 1: that we've set for ourselves. So on the flip side,
Speaker 1: a lack of grit will lead to falling short of
Speaker 1: those goals. So, for instance, in Duckworth's research, it's not
Speaker 1: the kids with the highest i Q who do the
Speaker 1: best in spelling the competitions, it's the kids that showed
Speaker 1: the most grit, And so in that case, for those kids,
Speaker 1: it means it's the kids who most consistently practice. Maybe
Speaker 1: that's something you feel to do with with your piano lessons.
Speaker 1: I know, I just admitted it. You don't have the
Speaker 1: road in um and you know, so this tends to
Speaker 1: beat true though in other areas of our lives, and
Speaker 1: definitely it's true and personal finance as well. It's not
Speaker 1: always the high income earners that acquire financial freedom the
Speaker 1: most quickly. Often it's the folks who commit the most
Speaker 1: strongly to the outcome that they want to see. Yeah, Matt,
Speaker 1: and of course you and I we want to be
Speaker 1: those people that succeed with our money, who commit strongly enough,
Speaker 1: who have the resolve to accomplish those goals that we've
Speaker 1: set out to accomplish, and we want our listeners to
Speaker 1: be in that same boat too. You know. We want
Speaker 1: to say if we want to invest well in order
Speaker 1: to achieve greater levels of freedom as we continue on
Speaker 1: this journey to a healthy relationship with money and then
Speaker 1: having more of it in building wealth, but how do
Speaker 1: we cultivate and muster the grit to help us get there.
Speaker 1: That's really what we're tackling today. And let's start with
Speaker 1: a definition from Angela Duckworth I think is really helpful
Speaker 1: and just to kind of get our minds on it,
Speaker 1: because if you're to ask somebody what grittiness means, there
Speaker 1: might be a whole lot of different definitions of people
Speaker 1: would come up with, and I think she helps us
Speaker 1: boil it down. She says, Grit is perseverance for very
Speaker 1: long term goals. Grit is sticking with your future day
Speaker 1: in day out, not just for the week, not just
Speaker 1: for the month, but for years and working really hard
Speaker 1: to make that future a reality. Grit is living life
Speaker 1: like it's a marathon not a sprint, and that's what
Speaker 1: that's what you and I believe about money to right,
Speaker 1: it's not a sprint. It's one of those things where
Speaker 1: you you do have to have patience and you do
Speaker 1: have to have the resolve to continue at these things
Speaker 1: that we talk about every week for years and years
Speaker 1: and even decades. That's true. Yeah, it's selful to have
Speaker 1: a definition here because it's not like some folks might
Speaker 1: be thinking grit. Does that mean you just like don't
Speaker 1: have any manners? But truly it's about goals and sticking
Speaker 1: with those goals no matter what happens. You can have
Speaker 1: manners and grid at the same time. Absolutely, And you
Speaker 1: know this is helpful too because you know, everything in
Speaker 1: our world today, like it tells us that what we want, uh,
Speaker 1: we should be able to get immediately, right, you know
Speaker 1: that we should be able to see really quick results
Speaker 1: when it comes to any goal that we've set for ourselves.
Speaker 1: Four minute abs and I'm like, no, no, that's too long.
Speaker 1: What the two minute as the four our work week?
Speaker 1: That's why like looks like that are popular, you know,
Speaker 1: the four our body things like that promise. Yes, yeah,
Speaker 1: I mean we see this all the time, and advertisements
Speaker 1: about our health, about weight loss. You know, we see
Speaker 1: this uh with you know, when it comes to like
Speaker 1: promises of maybe like a new dating app that's going
Speaker 1: to change your life. Uh. And we also see it
Speaker 1: play out when it comes to building wealth as well.
Speaker 1: They propose that it doesn't take much thought or intentionality,
Speaker 1: you know, you can just realize those goals instantly. But
Speaker 1: you know, we feel that realizing that financial success and
Speaker 1: wealth building it takes time. And this is so important
Speaker 1: in becoming a gritty person. And so if you think
Speaker 1: that success is going to happen overnight, you're gonna be
Speaker 1: sorely disappointed and far less likely to actually continue working
Speaker 1: towards the financial goals that you've laid out for yourself.
Speaker 1: We don't suggest for folks to try to get rich.
Speaker 1: You know, we're not writing meme stocks to the moon.
Speaker 1: We are getting rich slowly over here over here at
Speaker 1: how the money essentially we're calling for for patients in
Speaker 1: a world of instant gratification. Yeah, man, I think some
Speaker 1: of those promises we've been promised a lot of things.
Speaker 1: We've been sold a lot of things where people tell
Speaker 1: us success is supposed to happen quickly, and then when
Speaker 1: it doesn't, it actually like breaks our faith, I think,
Speaker 1: in the possibility of even achieving that thing in the
Speaker 1: first place, because we don't have any grit. Well, well,
Speaker 1: it's also true that, like it's a letdown when someone
Speaker 1: tells us something can happen in a short amount of time,
Speaker 1: and it can't actually happen in a short amount of time.
Speaker 1: And so we want to also tell you the truth here.
Speaker 1: The truth is that it does take a while. And
Speaker 1: I think somebody might be asking themselves, like, but you
Speaker 1: just said that grit is the number one factor and
Speaker 1: winning with your money. Aren't other things more important than grit?
Speaker 1: And I understand the question, But let's maybe discuss a
Speaker 1: few factors that influence your progress with money and see
Speaker 1: where grit stacks up among them. And I think, Matt,
Speaker 1: some people might point to a high income replacing the
Speaker 1: need for grit, Like, if I make enough money, I
Speaker 1: don't really need to be all that gritty. I don't
Speaker 1: have to have the stick tuitiveness with my money that
Speaker 1: it's going to take to win. I don't really have
Speaker 1: to behave with money because I make a lot of it.
Speaker 1: But uh, and and I understand you don't know me.
Speaker 1: You don't see my income. You can make a lot
Speaker 1: of money. I can do what I want exactly. That's
Speaker 1: what people think. But stats show that one in five
Speaker 1: people making over a hundred thousand dollars a year is
Speaker 1: living paycheck to paycheck. It's not that income doesn't matter.
Speaker 1: Making more money is a good thing for your finances,
Speaker 1: but making more money doesn't replace the need for grit
Speaker 1: and for discipline. There are a lot of uber rich,
Speaker 1: super unhappy people living paycheck to paycheck who need more
Speaker 1: grittiness in their lives to be happier and to be wealthier. Yeah,
Speaker 1: I think higher earners are can always find a creative
Speaker 1: way to blow all their money. And so another aspect
Speaker 1: that I think folks might tend to focus on, uh,
Speaker 1: you know more maybe more than grit, is knowledge, you know,
Speaker 1: like they might be asking, can uh personal finance book
Speaker 1: learning overcome a lack of grit. It definitely helps to
Speaker 1: have some knowledge and and to have some understanding there,
Speaker 1: but having it apart from grit won't do the trick either,
Speaker 1: you know. In fact, in one study that Duckworth writes
Speaker 1: about in her books, she finds that smarter students were
Speaker 1: actually less gritty at some of the Ivy League schools,
Speaker 1: and that's because people who aren't as smart as their peers,
Speaker 1: they tended to buckle down and work harder because they
Speaker 1: had to write, and so they exhibited more grittiness because
Speaker 1: of that. And it's an interesting example how not naturally
Speaker 1: having you know, all the smarts in the world had that,
Speaker 1: How that can actually benefit you in the long term
Speaker 1: because you gain more of that grittiness. Yeah, there's a
Speaker 1: difference between book smarts and street smarts. And it's not
Speaker 1: always the valedictorian of your high school that's the most
Speaker 1: successful person. Sometimes it's the person that's more gritty, that's
Speaker 1: has a little more stick tutiveness about them. Right, And
Speaker 1: also too, there's another excuse. I think some people tell
Speaker 1: themselves that they don't have to be gritty if someone
Speaker 1: else is doing all the hard financial lifting for them.
Speaker 1: But is that true? We would say not quite, because
Speaker 1: a lot of people do rely on their partner to
Speaker 1: make all of the financial decisions in the house, or
Speaker 1: maybe on Congress passing a billy to send more funds
Speaker 1: their way, or on a parent to bail them out
Speaker 1: of their money. Mistakes even as a grown adult. And
Speaker 1: it's not that outside help isn't sometimes important, but consistently
Speaker 1: looking elsewhere for help means that you're not going to
Speaker 1: be very gritty and that help won't always be there. Right. Plus,
Speaker 1: it's self evident that the ability we have to make
Speaker 1: positive changes in our own lives really does lead to
Speaker 1: higher levels of fulfillment and satisfaction. Yeah, so when short,
Speaker 1: you know, possessing more grit, especially when it comes to
Speaker 1: your finances, is going to lead to more happiness. But
Speaker 1: the thing is, dude, it is not a predetermined thing, right,
Speaker 1: Like you don't have a certain amount of grit that
Speaker 1: you're born with, uh, and then you can no longer
Speaker 1: change that. It turns out you can cultivate more grit.
Speaker 1: And that's actually what we're gonna talk about right after
Speaker 1: the break. Alright, we'll back. We're talking about grit in
Speaker 1: today's episode and how that is a huge factor, probably
Speaker 1: the number one factor when it comes to winning with
Speaker 1: your money, and Matt, let's continue talking about it. It's
Speaker 1: such a fascinating subject and let's talk about how we
Speaker 1: can actually develop more grit, like the ways to go
Speaker 1: about doing it. And I think it's important to know
Speaker 1: that grit is transferable. Aside from personal finance, developing resilience
Speaker 1: and grit in your life is going to spill over
Speaker 1: into other areas. Right. It's not just gonna help your money.
Speaker 1: It's gonna help you in the workplace. It's gonna help
Speaker 1: you in your marriage, it's gonna help you raise kids.
Speaker 1: You know. I always tell my girls, Matt, you can
Speaker 1: do hard things. Like That's one of the things that
Speaker 1: they hear me say a lot. When I tell them
Speaker 1: to come over close to me because I'm gona tell
Speaker 1: him something. They either I think I'm gonna tell them that,
Speaker 1: or that I love them. Like those the two things
Speaker 1: that they hear the most from me. I think, get
Speaker 1: over here. I am about to do one or two
Speaker 1: things exactly. And it's it's cool to see my girls
Speaker 1: get over fears that they might have had as we
Speaker 1: like talk through things, and as they experienced the joy
Speaker 1: in doing something that they previously thought they couldn't. It
Speaker 1: specifically makes me think of doing the ropes course at
Speaker 1: Stone Mountain in Georgia with my daughter, who I think
Speaker 1: I think she was five at the time, and there's
Speaker 1: like twelve year old boys who are like scared out
Speaker 1: of their minds, and like, I can keep talking to
Speaker 1: her and she gets through it, man, and she did
Speaker 1: it well, and she wanted to do it again, just
Speaker 1: like Donkey and Shrek when he's crossing over the bridge
Speaker 1: something like that. We watched that recently. It's been a
Speaker 1: while for me, so I don't I don't know if
Speaker 1: I remember that, but um, yeah, I think like we
Speaker 1: can all too hard things and our lives are better
Speaker 1: when we realize and we live in a in a
Speaker 1: way that reflects it. And sometimes it's that inner monologue.
Speaker 1: We need someone basically telling us that we can do
Speaker 1: something that we think we can't, and then once we do,
Speaker 1: we're just like so proud of ourselves. Yeah, it's so
Speaker 1: true how that spills over that discipline and when you've
Speaker 1: developed that grit, it can you know, you can see
Speaker 1: that manifest itself in lots of different areas of your life.
Speaker 1: And as it applies to money, you know, on a
Speaker 1: financial level, grit can help you obviously, you know, pay
Speaker 1: down debt faster. You can help you to slash bills
Speaker 1: that you were previously maybe unwilling to touch. It can
Speaker 1: get you motivated to increase that four O one K
Speaker 1: contribution percentage. I mean basically, any financial goal that you
Speaker 1: can dream up can be impacted by grit. But the
Speaker 1: question is how do we achieve more grit in our lives,
Speaker 1: especially as it pertains to our money. So that's what
Speaker 1: we're gonna talk about now, all right. So, I think
Speaker 1: one of the most important things people really need to
Speaker 1: start off with, and we've talked about this before on
Speaker 1: the show, the why behind your money. Figuring out your
Speaker 1: why is a huge part of being able to be
Speaker 1: grittier with your money in order to continue to make
Speaker 1: the hard decisions and the hard money moves they're gonna
Speaker 1: help you succeed in the future. It's just easier to
Speaker 1: be resilient when there's a goal in your life that
Speaker 1: you feel strongly connected to. And and and in her book,
Speaker 1: you know, duck Worth talks about like she connects that
Speaker 1: with passion, like when you have an interest in something,
Speaker 1: when you have a passion for something, I mean basically
Speaker 1: like that's where you start. And luckily, the conversation around
Speaker 1: money is so relevant to this conversation because we can
Speaker 1: all identify things that we probably want to do with
Speaker 1: our money. Yeah, the bigger goals that we want to
Speaker 1: achieve in money is obviously a huge part of being
Speaker 1: able to achieve those how we get there exactly, And
Speaker 1: Nietzsche said, he who has a hy to live compare
Speaker 1: almost anyhow. And it's crucial to identify why you're doing
Speaker 1: the things you're doing with your money in order to
Speaker 1: make significant progress and then to maintain your resolve to
Speaker 1: achieve those goals. Write this wide down because this why
Speaker 1: is going to be the reminder to yourself, maybe to
Speaker 1: your family, to you and your significant other of what
Speaker 1: you're aiming for and is going to allow you to
Speaker 1: not give up as you encounter obstacles, because we all
Speaker 1: encounter obstacles, but grittiness is pushing through those obstacles, and
Speaker 1: having the why is going to lend a massive hand
Speaker 1: in your ability to remain pritty when those obstacles do
Speaker 1: pop up. Yeah. So, for example, it makes me think
Speaker 1: about like no spend challenges, right, Like pretty much anybody
Speaker 1: could do a no spend challenge. Uh, it's not all
Speaker 1: that hard to avoid, you know, buying some junk online
Speaker 1: for maybe a couple of days or maybe even a
Speaker 1: couple of weeks. But then I've been doing a no
Speaker 1: spend challenge for the last fifteen minutes while we've been
Speaker 1: recording this episode. Congratulations sir, very impressive, right, Uh, you
Speaker 1: deserve another sip here. But you know, the question we
Speaker 1: need to ask ourselves then, is like what happens after
Speaker 1: that no spend challenges over? You know, because after that
Speaker 1: most folks will just like resume their previous habits of
Speaker 1: spending and then all that progress that you know was made,
Speaker 1: it just comes undone and you know, unravels because the
Speaker 1: challenge it's not really fun anymore. But when you're able
Speaker 1: to identify your deeper why, you will have discovered goals
Speaker 1: that have a higher level of durability and endurance. And
Speaker 1: it is such a key aspect of developing grit in
Speaker 1: your life. So true, So that why is a crucial
Speaker 1: piece of the puzzle to developing a gritty response in
Speaker 1: your personal financial life. But aside from knowing what an
Speaker 1: is that you're seeking after, aside from having that lie,
Speaker 1: there are also some deliberate steps you can take and
Speaker 1: specific actions that you can employ in your life that
Speaker 1: will lead to a higher level of grit and the
Speaker 1: greater ability to then achieve your goals. We have to
Speaker 1: bridge that gap between what we desire and then the
Speaker 1: steps that we're taking in order to arrive there. Yeah.
Speaker 1: Quick example, I had a desire earlier this year to
Speaker 1: begin waking up earlier, and so for me, a practical
Speaker 1: step I started taking was to lay out my clothes
Speaker 1: the night before, right, And if I don't do that, dude,
Speaker 1: it is a whole lot easier for me to sleep in,
Speaker 1: hit snooze a couple of times, uh, and avoid doing
Speaker 1: the thing that I really want to do, which is,
Speaker 1: you know, waking up early so I can get some
Speaker 1: reading done. So yeah, let's go ahead and talk then
Speaker 1: about some of these practical steps uh that will allow
Speaker 1: us to begin developing more grit in our lives. Yeah.
Speaker 1: It's so much easier to wake up when you when
Speaker 1: you open your eyes and you're like, man, I don't
Speaker 1: have to fumble around in the dark to get my
Speaker 1: clothes and they're already laid out for me. Well, for
Speaker 1: me too, it's the dresser because it's so noisy, gets
Speaker 1: at at me. I'm gonna wake her up. I better
Speaker 1: just sleep in. Yes, No, I really do. Like that's
Speaker 1: how I justify it. I'm like, well, well, what am
Speaker 1: I gonna put on what's the temperature, I don't know,
Speaker 1: But if I check the temperature the night before and
Speaker 1: lay those clothes out and I don't make all that noise,
Speaker 1: Like I've got all those decisions streamlined, and I just
Speaker 1: slide out of bed like a like a silent panther.
Speaker 1: You know, you can't hear me. I'm super stealthy. Like
Speaker 1: there's a lot of reasons, right, Yeah, that that that
Speaker 1: you could easily give as an excuse to not wake
Speaker 1: up early, and you got to eliminate as many of
Speaker 1: those on the front end and can And I think, yeah, similarly,
Speaker 1: they're just practical steps though, Like that's what we're talking about,
Speaker 1: you Like, they're just simple things that we can do
Speaker 1: to begin to foster that that grit in our lives. Yea.
Speaker 1: And one of the other things that that Angelo Duckworth
Speaker 1: talks about in in her book is deliberate practice, and
Speaker 1: that's a crucial part of being more gritty. It's hard
Speaker 1: to get better with your money if you're not intentionally
Speaker 1: working and improving. And she says that actually informative feedback
Speaker 1: is a crucial aspect of that deliberate practice. And as
Speaker 1: we think about our finances. It's it's really difficult to
Speaker 1: imagine any improvement if we're not sitting down at the
Speaker 1: end of the month or at the end of the
Speaker 1: year and reviewing how we actually handled our money. Like,
Speaker 1: just like with my piano lessons, the lessons only go
Speaker 1: so far if you refuse to practice. If I had
Speaker 1: only practiced like three days a week, I would have
Speaker 1: quickly gotten better and I probably would have enjoyed it
Speaker 1: more and I might have kept at it. But my
Speaker 1: lack of grittiness, my lack of deliberate practice, really led
Speaker 1: me to hate playing the piano and dread going through
Speaker 1: the lessons. Right. Yeah, so let's apply that then to
Speaker 1: our money. Right. So this specifically means that, like, we
Speaker 1: likely need to track our spending so that we have
Speaker 1: the data in order to provide that you know what
Speaker 1: what Angela calls that informative feedback, you know, and so
Speaker 1: you can do this automatically with software like Mint or
Speaker 1: personal Capital, or you can do it you know, the
Speaker 1: way I do it kind of longhand do it via Excel.
Speaker 1: And I again we've talked about how I do that
Speaker 1: intentionally because I feel like it I don't know it
Speaker 1: kind of embeds into my mind a little bit more
Speaker 1: when I have to enter those you know, those purchases
Speaker 1: in myself or you know, when I paste them over
Speaker 1: from for my credit card. But you have to see
Speaker 1: the multiple times that yeah exactly, Yeah, yeah, I touch
Speaker 1: it more often. But you know, you need to figure
Speaker 1: out what it is that's going to work for you.
Speaker 1: You know, we we live in a culture that tends
Speaker 1: to avoid this type of reflection. We're always looking to
Speaker 1: the next best thing. But if you're trying to improve
Speaker 1: your financial situation, you need to make sure that that
Speaker 1: you're facing the truth, you know, and that you're giving
Speaker 1: your spending and your saving and honest, look, you need
Speaker 1: to reflect on what it is that that's working, what's
Speaker 1: not working, uh, and then also to like make some tweaks.
Speaker 1: You know. That's that's a big part of what she
Speaker 1: talks about as well as kind of it's not just
Speaker 1: about receiving that feedback, but it's about modifying it and
Speaker 1: refining it so that you can continue to move, you know,
Speaker 1: down the path that you want to be progressing down. Yeah.
Speaker 1: One one of the other important things too, in developing
Speaker 1: more grittiness in your life is to start responding to
Speaker 1: mistakes that you make differently and learning from them instead
Speaker 1: of letting them define you. That's another problem I think
Speaker 1: a lot of us have struggled with matt over the years,
Speaker 1: is like letting a mistake really get you down and
Speaker 1: mess up your next decision and the one after that.
Speaker 1: It's it's like lingering effects, right, because we're beating ourselves up.
Speaker 1: But instead of ray yourself over the coals, is there
Speaker 1: something that you can do one to minimize that mistake?
Speaker 1: Probably there's probably a way that you can make that
Speaker 1: mistake less bad by doing something else proactive in order
Speaker 1: to minimize the negative effects. And then and then you
Speaker 1: can ask yourself to how can I avoid making the
Speaker 1: same mistake in the future. The non gritty response is
Speaker 1: to let that mistake linger to get you down and
Speaker 1: to compound on itself, causing you to make even more
Speaker 1: mistakes in the future, where it defines you and who
Speaker 1: you are and the difficulties that we encounter. I feel
Speaker 1: like they can either harm us, causing us to lay
Speaker 1: down and just accept our circumstances and say Fate has
Speaker 1: dealt us this blow and and this is just the
Speaker 1: hand we've been dealt or it can be more like
Speaker 1: a kick in the pants that causes us to gut
Speaker 1: it out even harder. Maybe you're realizing that you've financed
Speaker 1: a brand new card to dealership and your interest rate
Speaker 1: is terrible, and you can just say, this is a
Speaker 1: mistake I've made and I'm an idiot and I'm bad
Speaker 1: with money, and you can continue to go down that road. Uh,
Speaker 1: And that's only going to be a self fulfilling prophecy,
Speaker 1: making you worse with money in the future. But if
Speaker 1: you could refinance that loan at a credit union and
Speaker 1: and get your payment down, or if you can sell
Speaker 1: that car and buy something a whole lot cheaper, you're
Speaker 1: gonna take a hit. Right. It doesn't mean that mistake
Speaker 1: doesn't affect you financially, but there are ways to get
Speaker 1: out from under that mistake, to minimize it, and then
Speaker 1: to move on from there and say, you know what,
Speaker 1: I just made some good moves after a bad one,
Speaker 1: and I do know what I'm doing with my money,
Speaker 1: and that can have a positive influence on your ability
Speaker 1: to continue to make progress. And then of course make
Speaker 1: sure that you never do that again. Right. Uh. And
Speaker 1: you know, according to duck Worth, again you know this
Speaker 1: is also why hope, why it's foundational to becoming more gritty, uh,
Speaker 1: you know, to rise to the occasion and to kind
Speaker 1: of just keep on going even what it is that
Speaker 1: we have our doubts. You know, this might be similar
Speaker 1: to those those signs in a marathon that are, from
Speaker 1: what I hear, seemingly impossible to get through. You know,
Speaker 1: like that's never run a marathons where you hit the wall.
Speaker 1: I've run a half, multiple half marathons, but never the marathon.
Speaker 1: I don't know if I knew you'd run multiple half marathons,
Speaker 1: so you didn't know that, I don't think so. Yeah,
Speaker 1: I mean so for me, it's always you know, it's difficult,
Speaker 1: but you know, full full on marathons they say that
Speaker 1: like around I think mile twenty twenty one, like that's
Speaker 1: when it's it can be really brutal, evidently, but you know,
Speaker 1: it's about continuing to put one leg in front of
Speaker 1: the other, you know, like that's the only way to
Speaker 1: realize the goal that you've set for yourself, and you
Speaker 1: you've got to have that hope at every step in
Speaker 1: the process. You need to remind yourself of that regardless
Speaker 1: of where you currently are, and I don't think marathons
Speaker 1: are in my future, but but do you think that
Speaker 1: is a good example of what grit looks like is
Speaker 1: someone training for a marathon and then actually performing the marathon,
Speaker 1: And from everything I've read, it's it's brutal. Yeah, those
Speaker 1: last four miles are really really hard, no matter how
Speaker 1: well you've trained. Marathons aren't even in my future, like
Speaker 1: like I might do another half, but even hals like
Speaker 1: it's just too much of a time commitment because like
Speaker 1: when you're training for those like yeah, you have to
Speaker 1: also run that far or when you're training, so it's
Speaker 1: not like you just run for you know, a few
Speaker 1: hours just on race day, like you're running for a
Speaker 1: few hours plus you know, warm up, cool down, stretching
Speaker 1: like that whole thing, like several times before the race.
Speaker 1: And so it is a massive time commitment. Yeah, I
Speaker 1: mean a lot of insane the runner friends I know,
Speaker 1: they're running long distances for five days a week, and
Speaker 1: so yeah, it's a big commitment. And like too, as
Speaker 1: we're talking about practical ways to develop grip, there could
Speaker 1: be simpler and more straightforward approaches to like something as
Speaker 1: simple as using social media better too, much social media
Speaker 1: can be a terrible thing when it comes to being
Speaker 1: satisfied with your life. Like doom scrolling is not just unproductive,
Speaker 1: it creates new wants, moving the goal post in our
Speaker 1: lives and giving us new metrics that we have to achieve.
Speaker 1: So instead of having to run twenty six point two miles,
Speaker 1: now we've got to run, you know, a hundred mile
Speaker 1: three day race or something like that. Right, Or when
Speaker 1: it comes to normal everyday stuff like taking a nicer
Speaker 1: vacation or buying some new clothes, it's like, you know what,
Speaker 1: now my financial wants have increased. The things I need
Speaker 1: in my life they're more and social media has a
Speaker 1: lot to do with that. And that's a problem when
Speaker 1: those are things that you don't care about, right because obviously,
Speaker 1: you know craft beer equivalent, Like what's your craft beer equivalent?
Speaker 1: We talked about that on the show or every time
Speaker 1: we talk to a guest, you know. But if that's
Speaker 1: something that you care about, then then sure that that's great.
Speaker 1: That's a way for you to challenge yourself. But when
Speaker 1: it becomes this default way of processing the world or
Speaker 1: fund you, when it becomes this sort of default consumption,
Speaker 1: that's being fed to you. That's when it's problematic because
Speaker 1: these are things when you self reflect, you realize that
Speaker 1: they don't truly bring you happiness at all. Yeah, I
Speaker 1: feel like every time we move the goalpost too, it
Speaker 1: has that effect of weakening our grip muscles. And not everything.
Speaker 1: You can have a couple of craft beer equivalents, like
Speaker 1: I suggest a maximum three, and then like that's That's
Speaker 1: one of the things we talked about in our Wife
Speaker 1: behind Money episode is having like three things on your list.
Speaker 1: It's like, I'm willing to spend extra money on these
Speaker 1: three things, but then not not everything can have that place.
Speaker 1: And if you have more than three craftier equivalents, three
Speaker 1: things that you're willing to kind of spend lavishly on
Speaker 1: while you're trying to invest wisely and save, well, there's
Speaker 1: gonna be too many and you're gonna end up broke.
Speaker 1: You're gonna exactly It's true. And also here I'm gonna
Speaker 1: provide a counter because I think that social media can
Speaker 1: be a helpful tool that we can use more effectively,
Speaker 1: you know, like modern technology. It allows us to surround
Speaker 1: ourselves with other folks out there who are seeking the
Speaker 1: same things that we are. And so what that means
Speaker 1: is just making sure that your choose who you follow,
Speaker 1: making sure that you're being intentional about the Facebook groups
Speaker 1: that you belong to, because I can have an important
Speaker 1: effect on your ability to stick with the goals and
Speaker 1: to to keep you know, your grit levels high. I
Speaker 1: feel like you can even use your you know, social
Speaker 1: media to help you to focus on your specific goals,
Speaker 1: like whatever your craft beer equivalent is, make sure that
Speaker 1: that's kind of front and center in your mind. I
Speaker 1: feel like Kate does us really well. When it comes
Speaker 1: to her wanting to learn about something, she will, you know,
Speaker 1: follow certain people on Instagram or lately I've I've I'm
Speaker 1: such like a you know, it's not even winter anymore,
Speaker 1: but I'm such a nerd when it comes to like
Speaker 1: the wood stove and stuff like that. But I follow
Speaker 1: this hashtag wood stack and it's just a bunch of
Speaker 1: pictures of of folks who have like chopped up would
Speaker 1: but that it puts it more forefront in my mind.
Speaker 1: And I see that and I'm like, oh, there's folks
Speaker 1: out there chopping wood and they're being physical, They're they're
Speaker 1: using your bodies, they're burning calories and it's also a
Speaker 1: good way to use trees that have been cut down
Speaker 1: in our neighborhood. Right, But maybe for you that means
Speaker 1: like taking a trip out west or you know, like
Speaker 1: like say, for instance, you want to go to Yosemite.
Speaker 1: Well maybe you can follow hashtag Yosemite, and so you
Speaker 1: see pictures folks are posting who have gone there, and
Speaker 1: so instead of being tempted into you know, buying some
Speaker 1: you know, something that's that's being fed to you, you know,
Speaker 1: in your feed, instead you see somebody, uh, and then
Speaker 1: you know you've got half dome in the background, or
Speaker 1: you've seen that they've like climbed El Capitan or something
Speaker 1: like that. But find ways without a rope. Alex told, yeah,
Speaker 1: he needed that. Well you might also if you do that,
Speaker 1: you might get some Yosemite sam gifts in there, which
Speaker 1: actually would would be fun to feel a nice way
Speaker 1: to kind of switch it up. But you know, social
Speaker 1: media it doesn't have to be all bad. There are
Speaker 1: ways that you can strategically use that, whether that be
Speaker 1: with the folks who you know, you allow into your life,
Speaker 1: you know, through the groups, or through the different images
Speaker 1: that you allowed to be you know, fed to you. Yeah,
Speaker 1: by the way, shameless plug for the how the Money
Speaker 1: Facebook group. Great group of people helping each other out.
Speaker 1: That is an effective use I think in social media.
Speaker 1: Right and and there is no hashtag how the Money
Speaker 1: or we're on Instagram, but no current hashtags at the
Speaker 1: moment at least we are not trending. Yeah, all right, Well,
Speaker 1: we've got a little bit more than we want to
Speaker 1: get to cover when it comes to developing grittiness and
Speaker 1: stick tuitiveness in your personal finances, including mindset. That's a
Speaker 1: really important part of this, and we'll get to that
Speaker 1: and more right after this break. All right, we are back,
Speaker 1: and dude, before we kind of move onto the mindset talk,
Speaker 1: which you you know, you tease to there, another important
Speaker 1: aspect of developing GrITT in our lives is the community,
Speaker 1: you know. Like we kind of touched on this a
Speaker 1: little bit when we're talking about social media, and earlier
Speaker 1: on too, we mentioned how you know, being dependent on
Speaker 1: someone else kind of reduces grittiness to a certain extent
Speaker 1: as well. If, for instance, if we are refusing to
Speaker 1: educate ourselves when it comes to our personal finances, or
Speaker 1: we're not paying attention to how much we're spending um.
Speaker 1: But that being said, we all need some help. We
Speaker 1: all need a certain amount of community on the road
Speaker 1: to building grits. Uh. Not that you know, you can
Speaker 1: do hard things all by yourself, but enlisting the help
Speaker 1: of a friend or a group can be crucial in
Speaker 1: the pursuit of more resiliency. You know, like, these are
Speaker 1: the folks that are gonna help pick you up when
Speaker 1: you're down, and they can remind you of your goals
Speaker 1: when you're maybe when you're ready to give up. You know,
Speaker 1: it just makes me think of working out, Like just
Speaker 1: ask any of those five am workout groups if if
Speaker 1: they would still be kind of doing this on their own, right,
Speaker 1: are you You're still gonna be working out at five
Speaker 1: am if it weren't for the other people if nobody
Speaker 1: else shows up, Yeah, and your posse you're going back
Speaker 1: and get in your bed too. It's not gonna happen,
Speaker 1: That's right. And not only is it about what your
Speaker 1: community and those you love can do to help you out,
Speaker 1: but it's also critical to remember those folks as you're
Speaker 1: working towards your goals because you can help them out.
Speaker 1: Research also shows too that when we're able to link
Speaker 1: whatever it is that we're seeking after to the well
Speaker 1: being of those around us, then there's like a much
Speaker 1: higher chance that we're gonna have the ability to stick
Speaker 1: with it. Essentially, we become grittier when we know the
Speaker 1: work and the goals we're seeking after have a higher purpose.
Speaker 1: For instance, if you have a goal to give away
Speaker 1: let's say ten of your overall income this year, that's
Speaker 1: a big goal, but that can cause you to be
Speaker 1: even grittier in sticking to your budget when you have
Speaker 1: this higher goal of supporting a couple of nonprofits where
Speaker 1: you live. When what you're doing isn't just self serving,
Speaker 1: it can actually increase your grit abilities. Yeah. Yeah, there's
Speaker 1: other people depending on you, right, and I think maybe
Speaker 1: it's more of a stretch to have to remind yourself
Speaker 1: of those things. You know, if you're maybe if you're single,
Speaker 1: but certainly you know, once you have a family, you
Speaker 1: can think about that as well. You know, you've got
Speaker 1: a spouse, perhaps that might be partially or fully dependent
Speaker 1: on your income. You might have you know, kids who
Speaker 1: like there their well being in their future. Uh, you
Speaker 1: know hangs in the balance to it to a certain extent,
Speaker 1: and so it's it's good to remind yourself of those
Speaker 1: things as well. And so community, family, all of those
Speaker 1: things are really important. It's important to remember other people
Speaker 1: as we seek to foster and grow more grit in
Speaker 1: our lives. Uh. And let's touch on to dude, like
Speaker 1: how we think about things right, A mindset shift is
Speaker 1: a huge part of developing grit. Gandhi said that man
Speaker 1: often becomes what he believes himself to be. And you know,
Speaker 1: we've tried that before being superhero. It didn't work out,
Speaker 1: didn't work out for you. I was like that, my Gandhi.
Speaker 1: But yeah, well here's some truth here on how the money.
Speaker 1: Like we don't talk, you know, much about self actualization,
Speaker 1: but spending more time thinking about like who do you?
Speaker 1: Who you want to be? You know, think about you know,
Speaker 1: the life that you want to live. And while you
Speaker 1: do that, think about how money influences those things, because
Speaker 1: it can be really powerful and so purposefully changing your
Speaker 1: lifestyle to maybe own less and to intentionally choose to
Speaker 1: forego purchases and opportunities because you have something bigger in
Speaker 1: mind is self empowering. You know, with that comes a
Speaker 1: change and how you see things. Uh. And it's kind
Speaker 1: of interesting because you know this mindset shift. Typically we
Speaker 1: try to, like in episodes we're getting a little meta here,
Speaker 1: try to end episodes with with advice that's you know,
Speaker 1: our thoughts that are maybe a little more practical. Uh.
Speaker 1: And you know, a shift in the way you think
Speaker 1: about things may not seem very practical, but we feel
Speaker 1: that this is such a powerful way of you know,
Speaker 1: changing how it is that you view everything in the world.
Speaker 1: That we wanted to make sure that we ended on
Speaker 1: this high note for sure. Yeah, and proper perspective is
Speaker 1: such an important heart of being able to be resilient
Speaker 1: and to develop grit. Matt One of my favorite economists,
Speaker 1: Thomas Soul when he was talking about the economic concept
Speaker 1: of scarcity in his book Basic Economics, I know, I'm
Speaker 1: really cool. I read really think economist textbooks and it's
Speaker 1: fun rich mahogany, like the smell of leather exactly in
Speaker 1: my library with the ladder that goes back and forth.
Speaker 1: But he said that middle class Americans desires exceed what
Speaker 1: they can comfortably afford, even though what they already have
Speaker 1: would be considered unbelievable prosperity by people in many other
Speaker 1: countries around the world, or even by earlier generations of Americans.
Speaker 1: And he summed it up by saying, there has never
Speaker 1: been enough to satisfy everyone completely. And to me, Matt
Speaker 1: I read that in my job kind of dropped him
Speaker 1: like this is in an economics textbook and he's speaking
Speaker 1: like to the heart of humanity that there is never
Speaker 1: enough to satisfy us. And we have to realize that
Speaker 1: we have to take on this perspective in order to
Speaker 1: become grittier. We can become a slave essentially to our
Speaker 1: wants and desires, and we have to realize that there's
Speaker 1: never going to be enough that's going to satisfy us
Speaker 1: if we do take that road, and so we almost
Speaker 1: have to develop grit because the only other option is
Speaker 1: disappointment and unhappiness. Yeah, dude, having the right perspective is
Speaker 1: so important. It makes me think of George Banano, who
Speaker 1: is a psychologist at Columbia University's Teachers College who has
Speaker 1: been studying resiliency for decades, and he asked the question,
Speaker 1: do you conceptualize an event as traumatic or as an
Speaker 1: opportunity to learn and grow? Events are not traumatic until
Speaker 1: we experience them as traumatic, and so you know, basically
Speaker 1: what he's saying is that we have the ability to
Speaker 1: filter the events that happened to us. You know, we
Speaker 1: can let them weigh us down, inhibiting our ability to
Speaker 1: construct a more meaningful future, or we can use them
Speaker 1: as stepping stones to to something greater. And so again
Speaker 1: George says that we can make ourselves more or less
Speaker 1: vulnerable by how we think about things. And so, you know,
Speaker 1: this is why we're talking about this, because reframing negative
Speaker 1: things that happened to us is a powerful tool to
Speaker 1: build grit. Framing is so crucial. And yeah, I know
Speaker 1: we're getting I feel like a little meta here or
Speaker 1: or even a little off the money track to talk
Speaker 1: about this mindset, but but we do think it's so
Speaker 1: important that reframing that proper perspective, and that it makes
Speaker 1: me think too of Like I mean, I don't know
Speaker 1: if you've ever read Man Search for Meaning. It's it's
Speaker 1: actually a pretty short book, but it's a really powerful one.
Speaker 1: And the author was Victor Frankel, and he was stood
Speaker 1: a lot of horrific things in concentration camps of World
Speaker 1: War Two, and really what he credits his ability to
Speaker 1: continue living everyday life in the face of such atrocity
Speaker 1: is his belief that life can have meaning even in
Speaker 1: the most miserable of circumstances, and and that motivation comes
Speaker 1: from finding that meaning. And part of his meaning was
Speaker 1: this book he had in mind that he wanted to write,
Speaker 1: that he wanted to get out there and not helped
Speaker 1: him get through some of the worst days any of
Speaker 1: us could ever imagine living through. And part of developing
Speaker 1: this solid perspective is to take a step back and
Speaker 1: look at our current reality and how that compares to
Speaker 1: the scores of others who are currently living and those
Speaker 1: who lived before us. We talked about this in a
Speaker 1: fairly recent episode on Luck. But we live in the richest,
Speaker 1: safest society in the history of the world, and yet
Speaker 1: there's this distinct lack of satisfaction in so many lives
Speaker 1: around this country. It's really hard to figure that out.
Speaker 1: That comes from not having a real perspective about what
Speaker 1: a good life looks like. And in Victor Frankel's case,
Speaker 1: you don't even have to live in abundance in order
Speaker 1: to find real meaning. And I think we can all
Speaker 1: draw lessons from that right that we don't have to
Speaker 1: have all the things in order to be happy and actuality.
Speaker 1: In all likelihood, having fewer things is probably going to
Speaker 1: make us happier, that's true. Yeah, And so you know,
Speaker 1: a key aspect of developing grit in our lives is
Speaker 1: viewing our money goals as more of a challenge instead
Speaker 1: of an obstacle, you know. And and we feel that
Speaker 1: this is going to provide the mindset that we need
Speaker 1: to be able to accomplish our goals and so frame
Speaker 1: those those setbacks as maybe a hurdle to leap over
Speaker 1: instead of something that's just you know, bound to trip
Speaker 1: you up. Uh. And you know, this kind of starts
Speaker 1: to get into a related finished concept of c su uh.
Speaker 1: That's you know, s I s u if you haven't
Speaker 1: heard the term before. But that's where there's like this
Speaker 1: determination and almost a joy and experiencing adversity. But you know,
Speaker 1: we would recommend for our listeners to be resolute in
Speaker 1: the face of adversity and to see these different challenges
Speaker 1: and hardships that you might encounter as something that you
Speaker 1: can even welcome or embrace rather than avoiding altogether. We
Speaker 1: feel that that's maybe the best way to develop grit
Speaker 1: in your life. And even though just changing the way
Speaker 1: you think about things and changing the way you see things.
Speaker 1: It feels very nebulous and it's hard to to kind
Speaker 1: of wrap your hands around. But if you are able
Speaker 1: to do that, you're gonna find that that's probably also
Speaker 1: to the most practical thing that you can do, because
Speaker 1: you can apply that to anything and everything in life
Speaker 1: that you encounter, uh that you know some on the
Speaker 1: outside might might see as negative. Instead with a proper perspective,
Speaker 1: it's something that you can see as something that will
Speaker 1: allow you to grow even more. All right, man, I
Speaker 1: feel like this was a bit of a heavy episode,
Speaker 1: certainly a little bit outside of go into World War two,
Speaker 1: a little bit our natural tendency and the wheelhouse that
Speaker 1: we'd like to to stay in. But we thought this
Speaker 1: was an important thing to talk about. And I do
Speaker 1: think that developing more grittiness in our lives is going
Speaker 1: to have just a massively positive benefit for people in
Speaker 1: their personal finances, in the more rapid ability to make
Speaker 1: progress towards those more meaningful financial goals that they have.
Speaker 1: So hopefully this wasn't to open the clouds, and there
Speaker 1: was some really good stuff for you to take away
Speaker 1: in this episode two, But Matt Let's quickly moved back
Speaker 1: to the beer that we had on today's episode. This
Speaker 1: one is called Pales in comparison. It's a double dry
Speaker 1: hopped pale ale by Edmund's Oast brewing out of Charleston,
Speaker 1: South Carolina. What were your thoughts on this beer? Man,
Speaker 1: Edmund's Oast always makes some really delicious beer. Um, and
Speaker 1: I'll say, as we poured this one, this one was
Speaker 1: especially pale. Is a nice, beautiful pale yellow and the
Speaker 1: perfect beer, uh, to enjoy after you and I so
Speaker 1: we both hopped on our bikes this afternoon and rode
Speaker 1: over and picked up the girls from school. This is
Speaker 1: the kind of beer you want in the spring as
Speaker 1: it's warming up to be enjoying. You talk about grit,
Speaker 1: you know, but yeah, really good. You know, there's definitely
Speaker 1: a lot of hot presence without being overwhelming. I'm definitely
Speaker 1: enjoying these these hoppy pale ales. But yeah, what were
Speaker 1: your thoughts? Yeah, you want the sweat in your hair
Speaker 1: and the burned calves before you start trying to start
Speaker 1: drinking this one. Yeah, it was. It was delightful. Man.
Speaker 1: It is a refreshing pale ale that is perfect after
Speaker 1: a bike ride. And it's nice, as we're talking about
Speaker 1: this episode, to be able to like experience, you know,
Speaker 1: just the taste of some of the rewards of what
Speaker 1: we work so hard for. Right, It's like we are
Speaker 1: gritty because then we get to enjoy delicious beers like this, Right,
Speaker 1: you earn those calories exactly. Yeah. The bike ride almost
Speaker 1: like makes it makes it even more beautiful and tasty.
Speaker 1: So yeah, I think I think so. All Right, Well,
Speaker 1: that's gonna do it for this episode. For folks that
Speaker 1: want the show notes for this episode, you can go
Speaker 1: to our website, how to Money dot com. Yeah, and
Speaker 1: if you enjoyed this specific episode, this isn't our typical
Speaker 1: kind of topic that we covered, but hopefully this one
Speaker 1: resonated with you. And if you haven't left us a
Speaker 1: review over at Apple Podcasts or wherever you listen to podcasts,
Speaker 1: we would love it if you were to head over
Speaker 1: there leave us a solid review, and we thank you
Speaker 1: in advance. So, Joel, that's gonna do it for this episode, buddy.
Speaker 1: Until next time, Best Friends Out, Best Friends Out.