1 00:00:00,160 --> 00:00:02,679 Speaker 1: Welcome to How the Money. I'm Joel and I'm Matt, 2 00:00:02,759 --> 00:00:06,120 Speaker 1: and today we're discussing video job interviews, working from home 3 00:00:06,160 --> 00:00:28,680 Speaker 1: in Hawaii and Zoom Santa's Making Bank. What's funny about 4 00:00:28,760 --> 00:00:32,120 Speaker 1: Zoom Santa's Making Bank is that that's the headline. That's 5 00:00:32,680 --> 00:00:35,400 Speaker 1: what ten months ago nobody would have understood at all. 6 00:00:36,760 --> 00:00:38,720 Speaker 1: But given the time we live in Man, I think 7 00:00:38,720 --> 00:00:40,760 Speaker 1: people know where we're gonna go with that. Yeah, So 8 00:00:40,800 --> 00:00:42,920 Speaker 1: I actually think, Matt, we could plump you up. You 9 00:00:42,920 --> 00:00:45,040 Speaker 1: could do a little Zoom Santa side hustle, please, and 10 00:00:45,080 --> 00:00:46,879 Speaker 1: maybe you could save up enough money to buy the 11 00:00:46,880 --> 00:00:49,480 Speaker 1: new Apple headphones they just released. Did you see those? 12 00:00:49,520 --> 00:00:54,040 Speaker 1: How much? They're over five bucks? Right, some premium over 13 00:00:54,080 --> 00:00:56,600 Speaker 1: the ear headphones. I'm actually sure that you're probably gonna 14 00:00:56,600 --> 00:00:59,040 Speaker 1: buy a pair of those here. Uh yeah, that's that's 15 00:00:59,040 --> 00:01:01,920 Speaker 1: on my list. So I did read about those and 16 00:01:01,960 --> 00:01:04,399 Speaker 1: I saw that, I mean the noise cancelation, Like that's 17 00:01:04,400 --> 00:01:06,199 Speaker 1: a big aspect of it, right, Like that's a part 18 00:01:06,200 --> 00:01:08,560 Speaker 1: of why they're so expensive. But there's other headphones out 19 00:01:08,600 --> 00:01:11,400 Speaker 1: there that have noise canceling built into it. Solid ones 20 00:01:11,440 --> 00:01:14,120 Speaker 1: in the fifties, sixties seventy dollar range, like, I'll admit 21 00:01:14,160 --> 00:01:16,840 Speaker 1: I have a pair of eighty dollar headphones. I really 22 00:01:16,880 --> 00:01:18,960 Speaker 1: like my headphones. You can get sound canceling for for 23 00:01:18,959 --> 00:01:21,400 Speaker 1: for that much, you have to spend like two like 24 00:01:21,440 --> 00:01:23,639 Speaker 1: the Bows or the Sonies, right or not noise canceling 25 00:01:23,640 --> 00:01:25,400 Speaker 1: because I don't care about that as well? I don't either, 26 00:01:25,520 --> 00:01:28,600 Speaker 1: because so I'm a big fan of in the ear headphones, right, 27 00:01:28,640 --> 00:01:30,840 Speaker 1: like the ones that literally you wedge them into your 28 00:01:30,840 --> 00:01:32,960 Speaker 1: ear canal. That's how they stay, you know, that's how 29 00:01:32,959 --> 00:01:35,560 Speaker 1: they hold onto your head, like, let's via your ear 30 00:01:35,600 --> 00:01:38,280 Speaker 1: canal and guess what they act as little ear plugs 31 00:01:38,480 --> 00:01:40,440 Speaker 1: and then you know what, you got the ear canal sealed, 32 00:01:40,480 --> 00:01:43,320 Speaker 1: and then you pipe in your podcast your music. And 33 00:01:43,360 --> 00:01:45,800 Speaker 1: you also only pay thirty bucks for those, uh and 34 00:01:45,920 --> 00:01:49,320 Speaker 1: you know when you're likely to lose something like that. Um, dude, 35 00:01:49,360 --> 00:01:51,680 Speaker 1: I'm not about spending a ton of money on technology 36 00:01:51,720 --> 00:01:54,760 Speaker 1: like this that I feel might be obsolete soon, you know. 37 00:01:55,160 --> 00:01:58,080 Speaker 1: Like I'm just surprised to just to see the extent 38 00:01:58,160 --> 00:01:59,920 Speaker 1: to which Apples trying to push the price point here 39 00:02:00,000 --> 00:02:02,720 Speaker 1: her headphones. It seems like, you know, the the top 40 00:02:02,760 --> 00:02:05,560 Speaker 1: tier headphones that do similar things to to what their 41 00:02:05,560 --> 00:02:08,799 Speaker 1: headphones docks. Yeah, is there in that two or three 42 00:02:09,280 --> 00:02:11,280 Speaker 1: price range? Um? And so yeah, I would just be 43 00:02:11,320 --> 00:02:13,960 Speaker 1: curious too if any of our listeners are interested in 44 00:02:13,960 --> 00:02:16,080 Speaker 1: buying these headphones, just shoot us an email and let 45 00:02:16,160 --> 00:02:18,960 Speaker 1: us know why, because I am totally curious. Is there 46 00:02:19,000 --> 00:02:21,080 Speaker 1: anybody out there who who is willing to spend this 47 00:02:21,160 --> 00:02:24,040 Speaker 1: much on headphones? And if so, why so? The Apple 48 00:02:24,120 --> 00:02:26,760 Speaker 1: fanboys and fangirls it must be. I mean, you know 49 00:02:26,800 --> 00:02:29,440 Speaker 1: there's people that that love Apple. And I'm not hate Apple, 50 00:02:29,520 --> 00:02:30,919 Speaker 1: Yeah you love it, but I'm not willing to spend 51 00:02:30,960 --> 00:02:32,400 Speaker 1: that much on it, you know, Like that's the thing. 52 00:02:32,400 --> 00:02:34,440 Speaker 1: We're not gonna hate on somebody if this is their thing. 53 00:02:34,919 --> 00:02:36,720 Speaker 1: We spend a good bit of money on craft beer, 54 00:02:36,800 --> 00:02:39,359 Speaker 1: and so if these headphones are your craft beer, then 55 00:02:39,480 --> 00:02:41,840 Speaker 1: all the power to you. But also what sets these 56 00:02:41,840 --> 00:02:43,600 Speaker 1: headphones apart? I have to know, Like I have to 57 00:02:43,600 --> 00:02:45,959 Speaker 1: know what the differences they're They're made with stainless steel 58 00:02:46,240 --> 00:02:48,880 Speaker 1: and like got the aluminum. You know, as I was 59 00:02:48,880 --> 00:02:50,680 Speaker 1: reading about it, I was like, oh, yeah, that's premium. 60 00:02:51,480 --> 00:02:54,520 Speaker 1: It's got like a bigger speaker. They automatically turn off 61 00:02:54,560 --> 00:02:56,000 Speaker 1: when you take them off your head. Like I'll tell 62 00:02:56,040 --> 00:02:57,840 Speaker 1: you all the reasons why they're sweet. I'm just not 63 00:02:57,880 --> 00:03:00,480 Speaker 1: willing to pay that much money for them. If somebody 64 00:03:00,520 --> 00:03:02,079 Speaker 1: does by them, I would actually maybe like to see 65 00:03:02,080 --> 00:03:04,160 Speaker 1: a picture of them in the wild like that, you know, 66 00:03:04,200 --> 00:03:06,880 Speaker 1: being used. Yeah, well, all right, let's get onto our 67 00:03:06,919 --> 00:03:09,200 Speaker 1: Friday flight, Matt. Let's talk about the sampling of stories 68 00:03:09,240 --> 00:03:11,600 Speaker 1: we found interesting this week and how those stories relate 69 00:03:11,639 --> 00:03:14,560 Speaker 1: to our personal finances. And and speaking of absurd things, 70 00:03:14,760 --> 00:03:18,320 Speaker 1: there was an article in Business Insider that highlighted a 71 00:03:18,360 --> 00:03:21,320 Speaker 1: young woman who said that she regretted opening up a 72 00:03:21,360 --> 00:03:23,720 Speaker 1: four oh one K, and of course the title had 73 00:03:23,760 --> 00:03:26,639 Speaker 1: all the elements of a classic clickbait headline. By this 74 00:03:27,120 --> 00:03:29,160 Speaker 1: young woman in her twenties, regrets opening up a four 75 00:03:29,160 --> 00:03:31,360 Speaker 1: oh one K. Clear here to find out all of 76 00:03:31,360 --> 00:03:34,960 Speaker 1: my past regrets. Some mistakes have been validated. Yeah, exactly 77 00:03:35,280 --> 00:03:37,760 Speaker 1: four O one case are the worst, apparently, according to 78 00:03:37,760 --> 00:03:40,880 Speaker 1: this article. And and I decided to read it because, 79 00:03:40,920 --> 00:03:44,720 Speaker 1: as a personal finance nerd was it's too good. I 80 00:03:44,760 --> 00:03:47,360 Speaker 1: had to write so. Uh. The reason that opening up 81 00:03:47,360 --> 00:03:49,320 Speaker 1: a four O one K didn't work out for this person, 82 00:03:49,440 --> 00:03:51,280 Speaker 1: at least in her opinion, was that there was no 83 00:03:51,360 --> 00:03:54,160 Speaker 1: company match that was one one of the reasons she gave. Also, 84 00:03:54,240 --> 00:03:56,600 Speaker 1: she said that that she wasn't contributing enough to make 85 00:03:56,600 --> 00:03:59,400 Speaker 1: a difference. She was only contributing between a thousand dollars 86 00:03:59,480 --> 00:04:02,360 Speaker 1: and fifteen dollars a year. She also mentions that she 87 00:04:02,440 --> 00:04:05,240 Speaker 1: forgot about it for five years, so she just forgot 88 00:04:05,280 --> 00:04:07,120 Speaker 1: that it existed and that she put money in it. 89 00:04:07,200 --> 00:04:10,520 Speaker 1: That's on her right, There is that um And it's 90 00:04:10,520 --> 00:04:13,240 Speaker 1: funny actually reading her reasoning for why a four oh 91 00:04:13,280 --> 00:04:15,640 Speaker 1: one K was a bad idea for her, I was like, actually, 92 00:04:16,080 --> 00:04:18,880 Speaker 1: none of those reasons that you gave our reasons to 93 00:04:19,279 --> 00:04:20,880 Speaker 1: be upset with the idea that you opened up at 94 00:04:20,880 --> 00:04:22,400 Speaker 1: four O one K. You know, you and I were 95 00:04:22,440 --> 00:04:24,359 Speaker 1: fans of just getting started, even if it's just a 96 00:04:24,400 --> 00:04:26,560 Speaker 1: small amount, Right, if you can't put a lot towards it, 97 00:04:26,680 --> 00:04:29,560 Speaker 1: a thousand bucks a year is still something, it's still meaningful. 98 00:04:29,920 --> 00:04:32,320 Speaker 1: And then forgetting about it for five years I means 99 00:04:32,320 --> 00:04:34,680 Speaker 1: you're not making any changes and that you're staying invested. 100 00:04:34,720 --> 00:04:37,280 Speaker 1: And so I think, actually, from that standpoint to her, 101 00:04:37,440 --> 00:04:39,360 Speaker 1: investing in a four O one K wasn't a bad decision. 102 00:04:39,400 --> 00:04:41,279 Speaker 1: I'm sure she's actually seen a decent run up even 103 00:04:41,279 --> 00:04:43,760 Speaker 1: without the match, she saved a little bit in taxes, 104 00:04:43,920 --> 00:04:46,080 Speaker 1: she put some money away from the future, um, and 105 00:04:46,120 --> 00:04:49,000 Speaker 1: she's still invested and so um yeah, I was just 106 00:04:49,200 --> 00:04:51,240 Speaker 1: kind of had a loss for why her opening up 107 00:04:51,240 --> 00:04:52,520 Speaker 1: a four O one K was such a bad idea, 108 00:04:52,680 --> 00:04:54,440 Speaker 1: and it just reinforced the fact that I should not 109 00:04:54,520 --> 00:04:57,480 Speaker 1: read clickbait articles. It's all clickbait man. Uh yeah, i' 110 00:04:57,480 --> 00:04:59,080 Speaker 1: I'm with you, dude. We think it's just a good 111 00:04:59,080 --> 00:05:01,400 Speaker 1: idea to get the ball rolling, you know, in particular 112 00:05:01,440 --> 00:05:04,560 Speaker 1: for folks who might over analyze or you know, like 113 00:05:04,600 --> 00:05:07,520 Speaker 1: the analysis paralysis syndrome. If that's the kind of person 114 00:05:07,560 --> 00:05:10,400 Speaker 1: you are, then don't overthink it. Get investing, uh, and 115 00:05:10,440 --> 00:05:13,080 Speaker 1: you can figure things out as you go. We will say, 116 00:05:13,080 --> 00:05:15,440 Speaker 1: I mean, do look out for crap your investment options 117 00:05:15,480 --> 00:05:17,880 Speaker 1: within work sponsored four O one case right, because if 118 00:05:17,880 --> 00:05:19,600 Speaker 1: you have crap your options, you may not see as 119 00:05:19,640 --> 00:05:22,520 Speaker 1: much growth, but you're also going to see probably terrible fees, 120 00:05:22,720 --> 00:05:25,760 Speaker 1: and fees are something that are legitimately not good like 121 00:05:25,800 --> 00:05:28,440 Speaker 1: that can most definitely eat away at your retirement savings. 122 00:05:28,880 --> 00:05:30,960 Speaker 1: So do keep a lookout for those. Um. On the 123 00:05:30,960 --> 00:05:33,240 Speaker 1: note of four one case man, four one K matches 124 00:05:33,279 --> 00:05:36,520 Speaker 1: are actually back with many employers these days. Because of 125 00:05:36,560 --> 00:05:39,559 Speaker 1: cost cutting that many businesses we're having to do because 126 00:05:39,560 --> 00:05:42,840 Speaker 1: of COVID, many suspended their four one K matches for 127 00:05:42,920 --> 00:05:45,320 Speaker 1: a period of time the spring and summer. Based on 128 00:05:45,440 --> 00:05:49,480 Speaker 1: stats from brokerages and record keeping companies, it looks like 129 00:05:49,520 --> 00:05:51,680 Speaker 1: around half of companies that suspended a four one K 130 00:05:51,760 --> 00:05:55,080 Speaker 1: match have reinstated it for their employees, which is awesome. 131 00:05:55,440 --> 00:05:58,320 Speaker 1: This is great news for you because matching is a 132 00:05:58,440 --> 00:06:02,080 Speaker 1: huge benefit for anyone who is traditionally employed in the 133 00:06:02,160 --> 00:06:05,599 Speaker 1: nine to five and trying to save more for the future. Yeah. Yeah, 134 00:06:05,600 --> 00:06:08,360 Speaker 1: an employer matches free money, right and and so making 135 00:06:08,400 --> 00:06:11,560 Speaker 1: it a priority to at minimum get that four one 136 00:06:11,600 --> 00:06:15,200 Speaker 1: game match is is something that everyone who's listening right 137 00:06:15,200 --> 00:06:17,960 Speaker 1: now should be working towards. And if you haven't been 138 00:06:18,000 --> 00:06:20,800 Speaker 1: able to do that in twenty so far, look towards 139 00:06:20,800 --> 00:06:23,520 Speaker 1: making that a reality in final ways to cutting your 140 00:06:23,520 --> 00:06:25,039 Speaker 1: budget so you can put a little bit more of 141 00:06:25,040 --> 00:06:27,480 Speaker 1: your paycheck into your four own plan to make sure 142 00:06:27,480 --> 00:06:29,680 Speaker 1: you're taking advantage of that match. And that the reason 143 00:06:29,720 --> 00:06:31,840 Speaker 1: why so many of these employers are ramping up those 144 00:06:31,880 --> 00:06:34,720 Speaker 1: retirement benefits again bringing back the match is due to 145 00:06:34,760 --> 00:06:37,320 Speaker 1: the fact that companies are seeing that though COVID in 146 00:06:37,360 --> 00:06:40,120 Speaker 1: the lockdowns have been really harmful for for their business 147 00:06:40,200 --> 00:06:42,919 Speaker 1: for the economy in general, that our national economy has 148 00:06:42,920 --> 00:06:45,719 Speaker 1: been able to rebound really quickly. The American economy has 149 00:06:45,720 --> 00:06:49,360 Speaker 1: actually been pretty resilient overall. And compare that to the 150 00:06:49,400 --> 00:06:51,680 Speaker 1: O eight oh nine financial crisis, when the low point 151 00:06:51,680 --> 00:06:55,320 Speaker 1: for employer matching contributions was in According to the Wall 152 00:06:55,360 --> 00:06:58,040 Speaker 1: Street Journal, well, I think vaccines being on the horizon, 153 00:06:58,120 --> 00:07:01,080 Speaker 1: like multiple effective vaccines being online. People are starting to 154 00:07:01,080 --> 00:07:04,520 Speaker 1: get vaccinated even now. Um is is just positive news 155 00:07:04,600 --> 00:07:06,800 Speaker 1: and it has everyone looking on the bright side. Yeah, 156 00:07:06,839 --> 00:07:08,520 Speaker 1: that lends a certain amount of hope. And it's good 157 00:07:08,560 --> 00:07:12,280 Speaker 1: to see employers taking care of their employees when they 158 00:07:12,320 --> 00:07:14,720 Speaker 1: are able to write. Let's talk about another story. That 159 00:07:14,800 --> 00:07:17,320 Speaker 1: unit came across Man. You can get a free trip 160 00:07:17,440 --> 00:07:19,400 Speaker 1: to Hawaii. Oh yeah, I want to know about This 161 00:07:19,440 --> 00:07:23,240 Speaker 1: is another click paid style article. But this is uh, 162 00:07:23,240 --> 00:07:25,520 Speaker 1: this is legit. This one had a better payoff. Yeah. 163 00:07:25,640 --> 00:07:29,440 Speaker 1: So this nonprofit Movers in Shakas is a nonprofit that 164 00:07:29,520 --> 00:07:32,680 Speaker 1: will pay for your airfare to Oahu if you are 165 00:07:32,720 --> 00:07:35,520 Speaker 1: one of the fifty chosen in order to spend a 166 00:07:35,560 --> 00:07:39,040 Speaker 1: month volunteering with nonprofits there on the island. They state 167 00:07:39,080 --> 00:07:40,560 Speaker 1: that you will need to spend a few hours a 168 00:07:40,560 --> 00:07:43,480 Speaker 1: week doing you know, this volunteer work, which could leave 169 00:07:43,920 --> 00:07:46,400 Speaker 1: a lot of time though for remote work or just 170 00:07:46,560 --> 00:07:49,320 Speaker 1: kind of beach hangs in tourist stuff. They're trying to 171 00:07:49,360 --> 00:07:52,040 Speaker 1: revitalize their tourism industry there to a certain extent. Another 172 00:07:52,080 --> 00:07:54,040 Speaker 1: good news to Hawaii has you know, one of the 173 00:07:54,080 --> 00:07:56,840 Speaker 1: lowest COVID infection rates. So this is also not a 174 00:07:56,840 --> 00:07:59,360 Speaker 1: bad spot to hang out right now for many reasons. 175 00:07:59,760 --> 00:08:02,160 Speaker 1: So if you have the flexibility, you should totally get 176 00:08:02,200 --> 00:08:04,440 Speaker 1: us a shot, and we'll have a link to where 177 00:08:04,520 --> 00:08:07,160 Speaker 1: you can apply in our show notes. Yeah, especially if you, 178 00:08:07,160 --> 00:08:09,160 Speaker 1: good luck live in a cold part of the country 179 00:08:09,200 --> 00:08:11,480 Speaker 1: and you want to get warm. I mean, I would 180 00:08:11,560 --> 00:08:13,400 Speaker 1: totally apply for this and give it a go, because 181 00:08:13,600 --> 00:08:15,600 Speaker 1: Hawaii is the best place to be in the winter months. 182 00:08:15,640 --> 00:08:17,520 Speaker 1: It really is, so uh Yeah, And if you're not 183 00:08:17,560 --> 00:08:20,120 Speaker 1: able to snag a free trip, but you're maybe looking 184 00:08:20,160 --> 00:08:22,640 Speaker 1: to book travel on your own right now, well, there's 185 00:08:22,640 --> 00:08:24,760 Speaker 1: a higher likelihood that you're gonna want to consider getting 186 00:08:24,800 --> 00:08:26,600 Speaker 1: travel insurance. And there was an article that we saw 187 00:08:26,800 --> 00:08:31,200 Speaker 1: this week, uh specifically about how many travel insurance companies 188 00:08:31,440 --> 00:08:34,640 Speaker 1: are now offering COVID coverage inside of travel policies that 189 00:08:34,720 --> 00:08:37,880 Speaker 1: they're selling. Unfortunately, a lot of travelers learned this past 190 00:08:37,880 --> 00:08:40,240 Speaker 1: spring and summer that the travel insurance policies that they 191 00:08:40,280 --> 00:08:42,640 Speaker 1: might have had they didn't cover. They learned the hard way. 192 00:08:42,760 --> 00:08:45,520 Speaker 1: They did. They did, But these insurance companies have had 193 00:08:45,600 --> 00:08:48,400 Speaker 1: to change because anybody who's getting travel insurance right now 194 00:08:48,520 --> 00:08:50,880 Speaker 1: is asking that question. And another reason is that a 195 00:08:50,880 --> 00:08:54,440 Speaker 1: lot more insurers are including COVID coverage because a lot 196 00:08:54,480 --> 00:08:58,320 Speaker 1: of international destinations are requiring some type of COVID coverage 197 00:08:58,360 --> 00:09:01,200 Speaker 1: insurance policy just for folks to be able to travel there. 198 00:09:01,440 --> 00:09:03,560 Speaker 1: So this is a situation that you're in. You're looking 199 00:09:03,559 --> 00:09:05,360 Speaker 1: to book travel for a future date, but you're still 200 00:09:05,400 --> 00:09:07,640 Speaker 1: unsure whether or not you're actually going to be able 201 00:09:07,640 --> 00:09:10,320 Speaker 1: to travel, because, um, we're all unsure whether or not 202 00:09:10,440 --> 00:09:12,640 Speaker 1: or when travel is going to resume, um any sort 203 00:09:12,679 --> 00:09:15,840 Speaker 1: of normalcy. Check out sites like square mouth, Ensure my Trip, 204 00:09:15,880 --> 00:09:18,559 Speaker 1: and travel insurance dot Com to compare multiple quotes and 205 00:09:18,600 --> 00:09:21,520 Speaker 1: get the best price from many different providers. If you 206 00:09:21,559 --> 00:09:24,319 Speaker 1: look at all three of those aggregator websites, you're bound 207 00:09:24,360 --> 00:09:26,440 Speaker 1: to find a great price on a solid policy, but 208 00:09:26,480 --> 00:09:28,080 Speaker 1: you do want to make sure that it has that 209 00:09:28,160 --> 00:09:30,680 Speaker 1: COVID protection in any policy that you're looking to buy 210 00:09:30,800 --> 00:09:32,720 Speaker 1: right now. Yeah, you're talking about some of the different 211 00:09:32,720 --> 00:09:36,040 Speaker 1: countries that are requiring us. All the Bahamas they require that, 212 00:09:36,080 --> 00:09:38,000 Speaker 1: like you have to have one of these policies in 213 00:09:38,040 --> 00:09:40,600 Speaker 1: place before you can even visit. But you know, if 214 00:09:40,679 --> 00:09:43,160 Speaker 1: you are not going to a country that has separate 215 00:09:43,160 --> 00:09:46,720 Speaker 1: insurance requirements, don't forget about your credit card. Some cards 216 00:09:47,200 --> 00:09:50,520 Speaker 1: by companies like Amax and Chase offer some really great 217 00:09:50,559 --> 00:09:54,160 Speaker 1: travel insurance benefits uh to where you know a separate 218 00:09:54,200 --> 00:09:57,280 Speaker 1: policy may not be needed after all, do be sure 219 00:09:57,320 --> 00:09:59,959 Speaker 1: to read the fine print so you know what you're 220 00:10:00,000 --> 00:10:02,440 Speaker 1: specific card is offering. For instance, I saw that the 221 00:10:02,520 --> 00:10:06,880 Speaker 1: Chase Sapphire Benefit Guide they state that choosing to forego 222 00:10:06,960 --> 00:10:10,000 Speaker 1: travel isn't covered if you're trying to avoid COVID, but 223 00:10:10,440 --> 00:10:13,800 Speaker 1: if you or a travel companion actually have the virus, 224 00:10:14,280 --> 00:10:16,880 Speaker 1: then that is a covered circumstance. So if you're just 225 00:10:16,880 --> 00:10:19,679 Speaker 1: trying to avoid a hotspot, they're like, no dice, you 226 00:10:19,720 --> 00:10:23,400 Speaker 1: can't file a claim. But if you're like, actually have COVID, 227 00:10:23,600 --> 00:10:25,880 Speaker 1: they're they're gonna pay the claim and I can't travel 228 00:10:25,960 --> 00:10:28,000 Speaker 1: exactly exactly, They're gonna cover your cost there. So I 229 00:10:28,000 --> 00:10:30,080 Speaker 1: think that's amazing. So certainly keep that in mind as 230 00:10:30,120 --> 00:10:32,480 Speaker 1: you're booking your travel to to make sure that you are, yeah, 231 00:10:32,600 --> 00:10:35,080 Speaker 1: putting those charges on that specific card that would offer 232 00:10:35,120 --> 00:10:37,120 Speaker 1: those benefits. And Joe, have you talked about the one 233 00:10:37,120 --> 00:10:39,200 Speaker 1: time that I purchased travel insurance before in the show? 234 00:10:39,240 --> 00:10:41,079 Speaker 1: I don't think so. It was for so me and Kate. 235 00:10:41,160 --> 00:10:43,240 Speaker 1: It was our honeymoon, and it was before I knew 236 00:10:43,280 --> 00:10:45,320 Speaker 1: anything about travel or saving money or anything like that. 237 00:10:45,440 --> 00:10:47,800 Speaker 1: Supposed to go to Jamaica, right, yeah, so maybe, I mean, 238 00:10:47,920 --> 00:10:50,280 Speaker 1: so you know me but I mentioned maybe we haven't 239 00:10:50,280 --> 00:10:53,080 Speaker 1: talked about on the show. But long story short, a 240 00:10:53,160 --> 00:10:57,600 Speaker 1: hurricane hits Jamaica the day of our wedding, and so 241 00:10:57,640 --> 00:11:00,640 Speaker 1: obviously the trip was canceled. But guess what, we had 242 00:11:00,640 --> 00:11:02,960 Speaker 1: gotten talked into purchasing travel insurance, and so I'm not 243 00:11:03,000 --> 00:11:05,640 Speaker 1: sure if maybe the resort would have allowed us to 244 00:11:05,720 --> 00:11:07,800 Speaker 1: go there for free anyway, because I mean, the whole 245 00:11:07,800 --> 00:11:10,080 Speaker 1: island shutdown. I'm not totally sure what the implications are there, 246 00:11:10,080 --> 00:11:12,520 Speaker 1: but all I know is that we purchased travel insurance 247 00:11:12,559 --> 00:11:14,719 Speaker 1: and that we got to go for free over Thanksgiving, 248 00:11:14,960 --> 00:11:16,960 Speaker 1: and so I don't know, I got lucky, That's all 249 00:11:16,960 --> 00:11:19,680 Speaker 1: I'm saying. Yeah, I mean traveling did not do my research, 250 00:11:19,720 --> 00:11:21,800 Speaker 1: but we're encouraging folks to do their research and and 251 00:11:21,800 --> 00:11:23,600 Speaker 1: don't count on your luck. Yeah, yeah, yeah, I mean 252 00:11:23,600 --> 00:11:25,360 Speaker 1: travel insurance can provide a lot of peace of mind, 253 00:11:25,360 --> 00:11:27,160 Speaker 1: but at the same time a lot of financial relief 254 00:11:27,160 --> 00:11:29,520 Speaker 1: in case something pops up. Right, Um, Matt, let's to 255 00:11:29,679 --> 00:11:33,040 Speaker 1: talk about MBA choices. Um, and this is not basketball. 256 00:11:33,080 --> 00:11:37,200 Speaker 1: We're talking about MBA's right. Uh m asen Mary exactly. 257 00:11:37,520 --> 00:11:39,720 Speaker 1: We saw that that more of the top tier business 258 00:11:39,720 --> 00:11:42,960 Speaker 1: schools out there, like Harvard and Columbia are offering certificates 259 00:11:42,960 --> 00:11:46,319 Speaker 1: and other online learning options that don't require being on campus. 260 00:11:46,559 --> 00:11:48,680 Speaker 1: This is a trend that's kind of been happening slowly 261 00:11:48,720 --> 00:11:52,200 Speaker 1: but surely in that postgraduate degree world, but it's been 262 00:11:52,200 --> 00:11:54,840 Speaker 1: accelerated because of COVID. And what's great about it is 263 00:11:54,840 --> 00:11:57,960 Speaker 1: the flexibility that it offers. Instead of putting your career 264 00:11:57,960 --> 00:12:00,559 Speaker 1: on hold, moving to another city, maybe with kids in tow, 265 00:12:00,800 --> 00:12:03,040 Speaker 1: the ability to take a course online and earn a 266 00:12:03,120 --> 00:12:06,440 Speaker 1: certificate is so attractive. For so many people, especially as 267 00:12:06,440 --> 00:12:09,560 Speaker 1: we've gotten more used to doing everything virtually and everything 268 00:12:09,559 --> 00:12:12,959 Speaker 1: on our computers. Plus they're actually way more affordable. Right. 269 00:12:13,280 --> 00:12:16,080 Speaker 1: You can get a certificate program from Harvard Business School 270 00:12:16,120 --> 00:12:19,839 Speaker 1: online for just two thousand bucks. Yeah, that's versus a 271 00:12:19,920 --> 00:12:22,720 Speaker 1: hundred and eleven thousand dollars for a couple of semesters 272 00:12:22,760 --> 00:12:25,200 Speaker 1: of the Harvard Business School NBA program. It's a big 273 00:12:25,240 --> 00:12:28,320 Speaker 1: disparity there, but in costs. But at the same time 274 00:12:28,360 --> 00:12:30,360 Speaker 1: that it's worth mentioning that there's a big disparity and 275 00:12:30,360 --> 00:12:32,240 Speaker 1: what you're receiving, right, you know, like a lot of 276 00:12:32,240 --> 00:12:34,640 Speaker 1: folks are still going to get their NBA from Harvard 277 00:12:34,880 --> 00:12:37,079 Speaker 1: so that they can say, hey, I got my MBA 278 00:12:37,160 --> 00:12:40,480 Speaker 1: at Harvard. There's a lot that you get just by 279 00:12:40,520 --> 00:12:42,400 Speaker 1: being able to say that. But you know, like if 280 00:12:42,480 --> 00:12:44,920 Speaker 1: you are just mostly interested in the information and you 281 00:12:44,960 --> 00:12:47,760 Speaker 1: want to focus on that continued education and a certificate 282 00:12:47,760 --> 00:12:49,000 Speaker 1: will do it for you, then yeah, this might be 283 00:12:49,040 --> 00:12:50,760 Speaker 1: a great option for some of those folks. Yeah, yeah, 284 00:12:50,800 --> 00:12:52,400 Speaker 1: And it could just be something great to put on 285 00:12:52,440 --> 00:12:54,680 Speaker 1: your resume or talk to your boss about. Maybe they'll 286 00:12:54,880 --> 00:12:57,920 Speaker 1: pay for that continuing education and maybe it'll result in 287 00:12:58,000 --> 00:13:00,959 Speaker 1: more pay for you by being that self starter and 288 00:13:01,080 --> 00:13:04,200 Speaker 1: going into direction of getting some sort of online advance 289 00:13:04,240 --> 00:13:06,240 Speaker 1: to greet most definitely. Man. All right, We've got several 290 00:13:06,240 --> 00:13:08,000 Speaker 1: more stories that we want to get to after the break, 291 00:13:08,040 --> 00:13:12,280 Speaker 1: including one that one about job interviews happening virtually, you know, remotely, 292 00:13:12,559 --> 00:13:15,079 Speaker 1: as well as an update on the student loan forbearance 293 00:13:15,120 --> 00:13:17,160 Speaker 1: that was set to end at the end of this year. 294 00:13:17,400 --> 00:13:19,360 Speaker 1: We'll get to all of those right after this break. 295 00:13:28,679 --> 00:13:30,000 Speaker 1: Are Matt, We're back to the break. We got a 296 00:13:30,000 --> 00:13:32,560 Speaker 1: lot more to cover in this episode. But first up, 297 00:13:32,760 --> 00:13:34,600 Speaker 1: one of the most interesting stories I saw this week, 298 00:13:34,960 --> 00:13:36,360 Speaker 1: and it kind of surprised me a little bit. I 299 00:13:36,360 --> 00:13:38,559 Speaker 1: don't know why I feel like I should expect everything 300 00:13:38,600 --> 00:13:41,400 Speaker 1: to be on Zoom now, but Zoom Santa's they're making 301 00:13:41,440 --> 00:13:44,040 Speaker 1: some serious money and and c and ended an awesome 302 00:13:44,280 --> 00:13:47,160 Speaker 1: long form story they interviewed a bunch of Santa's who 303 00:13:47,280 --> 00:13:49,720 Speaker 1: thought that their income was going to be tragically cut 304 00:13:49,720 --> 00:13:53,160 Speaker 1: this holidays. Understandably. So malls are closed, right, the artment 305 00:13:53,200 --> 00:13:54,880 Speaker 1: stores are closed. They don't They're not gonna have the 306 00:13:54,920 --> 00:13:57,000 Speaker 1: giant display sit up there at Macy's wherever it is 307 00:13:57,000 --> 00:13:58,800 Speaker 1: that you go. I think I I read that that 308 00:13:59,000 --> 00:14:02,240 Speaker 1: Macy's has had a Santa physically in person there for 309 00:14:02,280 --> 00:14:04,599 Speaker 1: a hundred and sixty years straight traditions. So yeah, this 310 00:14:04,679 --> 00:14:06,679 Speaker 1: is the first year in a hundred sixty years that 311 00:14:06,720 --> 00:14:08,800 Speaker 1: there won't be one. Crazy and so all those Santa's 312 00:14:08,840 --> 00:14:10,240 Speaker 1: had to figure out what they were going to do 313 00:14:10,280 --> 00:14:12,680 Speaker 1: this year to make money. Um, and it actually turns 314 00:14:12,679 --> 00:14:14,920 Speaker 1: out that many of them will actually be making more 315 00:14:14,960 --> 00:14:17,120 Speaker 1: than they typically do in a Christmas season, a lot 316 00:14:17,160 --> 00:14:20,200 Speaker 1: more actually, by hopping on zoom calls with kiddos around 317 00:14:20,200 --> 00:14:22,640 Speaker 1: the country. The pricing is is kind of steep for 318 00:14:22,680 --> 00:14:24,240 Speaker 1: parents who want their kids to have a one on 319 00:14:24,240 --> 00:14:28,000 Speaker 1: one hang with Santa. Apparently it's roughly forty nine bucks 320 00:14:28,080 --> 00:14:31,040 Speaker 1: for five minutes or sixty nine bucks for ten minutes 321 00:14:31,280 --> 00:14:34,120 Speaker 1: of time with Santa. That's at least from visit from 322 00:14:34,120 --> 00:14:36,760 Speaker 1: the clauses dot com. So um, yeah, that's why these 323 00:14:36,720 --> 00:14:38,800 Speaker 1: Santa's are making so much money. It costs you so 324 00:14:38,880 --> 00:14:40,640 Speaker 1: much money just to hang with Santa, Whereas I guess 325 00:14:40,640 --> 00:14:42,360 Speaker 1: it was a whole lot cheaper to to wait in 326 00:14:42,400 --> 00:14:44,360 Speaker 1: that line and get your picture at the mall. Dude, 327 00:14:44,400 --> 00:14:45,760 Speaker 1: you do the math on that, you know, book that 328 00:14:45,880 --> 00:14:48,040 Speaker 1: that that more expensive rate of only five minutes. That's 329 00:14:48,040 --> 00:14:50,440 Speaker 1: six hundred bucks an hour. That's a that's a pretty 330 00:14:50,440 --> 00:14:53,480 Speaker 1: solid hourly rate. Granted, I know that they're not booking 331 00:14:53,520 --> 00:14:56,040 Speaker 1: every single minute, and I'm sure there's other expenses, overhead costs, 332 00:14:56,040 --> 00:14:57,840 Speaker 1: all that kind of stuff. Sure does sound pretty good. 333 00:14:57,840 --> 00:15:00,200 Speaker 1: And I will say too, as a parent, fifty looks 334 00:15:00,240 --> 00:15:03,280 Speaker 1: for five minutes to avoid the hassle of having to 335 00:15:03,320 --> 00:15:05,760 Speaker 1: get everyone dressed, you know, and then loading everybody up 336 00:15:05,760 --> 00:15:08,120 Speaker 1: in the car, going to the store, going to the mall, whatever, 337 00:15:08,160 --> 00:15:10,840 Speaker 1: while you stand there online wasting you know, basically your 338 00:15:10,960 --> 00:15:14,160 Speaker 1: entire Saturday. Like you put it in those kind of terms, 339 00:15:14,160 --> 00:15:16,480 Speaker 1: in that perspective, and it kind of sounds like a deal. 340 00:15:16,600 --> 00:15:18,600 Speaker 1: Although you know, going and get the picture of Santa, 341 00:15:18,640 --> 00:15:21,920 Speaker 1: that's never been something that we've done personally, Okay, frugal 342 00:15:22,000 --> 00:15:24,800 Speaker 1: or cheap just to avoid this all together, telling your 343 00:15:24,840 --> 00:15:28,160 Speaker 1: kids Santa isn't real, well, Joel, for some families that 344 00:15:28,200 --> 00:15:30,280 Speaker 1: would be a complete lie, because Santa does exist. I 345 00:15:30,320 --> 00:15:32,440 Speaker 1: know he's real. But if that's what you're telling your 346 00:15:32,480 --> 00:15:34,720 Speaker 1: kids to avoid the costs and to avoid the hassle 347 00:15:34,760 --> 00:15:36,960 Speaker 1: love additional gifts, then I'm gonna say cheap, buddy, just 348 00:15:37,000 --> 00:15:39,880 Speaker 1: crunchy huh, but no for real, more power to these 349 00:15:39,920 --> 00:15:42,800 Speaker 1: Santa's for pivoting to zoom uh in order to keep 350 00:15:42,800 --> 00:15:46,320 Speaker 1: that Christmas spirit alive for so many kids and ensuring 351 00:15:46,320 --> 00:15:48,120 Speaker 1: to you know that their own family is earning an 352 00:15:48,120 --> 00:15:50,720 Speaker 1: income in a year in which there was a lot 353 00:15:50,760 --> 00:15:54,359 Speaker 1: of doubt about that possibility. It's just another interesting anecdote 354 00:15:54,400 --> 00:15:56,520 Speaker 1: about how some have been able to turn on a 355 00:15:56,600 --> 00:15:59,440 Speaker 1: dime uh and and stay afloat and plus two. Man 356 00:15:59,520 --> 00:16:01,680 Speaker 1: like these zoom like their conversations right, Like they're able 357 00:16:01,720 --> 00:16:03,840 Speaker 1: to talk to the kids, Like a zoom conversation is 358 00:16:03,880 --> 00:16:06,640 Speaker 1: way better than uh, Like have you heard of Cameo? 359 00:16:06,720 --> 00:16:08,720 Speaker 1: Have you have you seen Cameo? Have it so Camo? 360 00:16:08,720 --> 00:16:11,400 Speaker 1: It's like where you get celebrities or like movie stars 361 00:16:11,520 --> 00:16:13,400 Speaker 1: just whoever I think I've heard something. You pay them 362 00:16:13,400 --> 00:16:15,800 Speaker 1: money and they'll record a personal message for like a 363 00:16:15,800 --> 00:16:18,240 Speaker 1: friend of yours, like for their birthday or something like that. Right, 364 00:16:18,320 --> 00:16:19,840 Speaker 1: Like a lot of celebrities are on there, um like 365 00:16:19,880 --> 00:16:22,880 Speaker 1: Lindsay Lohan, Snoop Dogg. Hey man, your birthday is coming up. 366 00:16:22,880 --> 00:16:24,960 Speaker 1: Maybe i'llet flavor flavor to do something I would like that, 367 00:16:26,320 --> 00:16:29,920 Speaker 1: but having an actual conversation with another person is way 368 00:16:30,000 --> 00:16:32,720 Speaker 1: more fun and way more impactful than just like a 369 00:16:32,760 --> 00:16:35,320 Speaker 1: recorded message. You know, that's true. That's true. Maybe we 370 00:16:35,320 --> 00:16:37,400 Speaker 1: should get on there and be like, save your money. 371 00:16:37,440 --> 00:16:40,720 Speaker 1: I don't know would want that. We would be the cheapest. 372 00:16:40,960 --> 00:16:42,640 Speaker 1: Some of those folks on there are like, I think, 373 00:16:42,680 --> 00:16:45,120 Speaker 1: like five bucks for I don't know, like a five 374 00:16:45,120 --> 00:16:48,960 Speaker 1: minute message would be something like that. Three dollars would 375 00:16:48,960 --> 00:16:51,440 Speaker 1: be the absolutely cheapest, because I think we would have 376 00:16:51,480 --> 00:16:54,600 Speaker 1: to be Yeah, who are these guys? Matt speaking about 377 00:16:54,840 --> 00:17:00,000 Speaker 1: zoom calls everything obviously gravitating towards virtual um remote video 378 00:17:00,200 --> 00:17:03,480 Speaker 1: kind of video based stuff. And there was an interesting 379 00:17:03,560 --> 00:17:06,000 Speaker 1: article in the New York Times about video interviews and 380 00:17:06,040 --> 00:17:09,679 Speaker 1: how employers are changing the interviewing process right now. And 381 00:17:09,720 --> 00:17:12,119 Speaker 1: since video interviews are basically the new standard there, there 382 00:17:12,119 --> 00:17:14,200 Speaker 1: are definitely some things that you can do to up 383 00:17:14,200 --> 00:17:17,600 Speaker 1: your game on any sort of video interview. Changing the background, 384 00:17:17,680 --> 00:17:20,520 Speaker 1: the framing, delighting, all those are things that you're gonna 385 00:17:20,520 --> 00:17:23,119 Speaker 1: want to take into consideration before you do your first 386 00:17:23,160 --> 00:17:26,040 Speaker 1: interview via video. And I would also say practice with 387 00:17:26,080 --> 00:17:27,840 Speaker 1: a friend and then you kind of tell you what 388 00:17:27,960 --> 00:17:30,000 Speaker 1: you need to change in order to be more effective 389 00:17:30,280 --> 00:17:32,720 Speaker 1: on your computer talking to somebody else. Um. But but 390 00:17:32,760 --> 00:17:35,000 Speaker 1: there are also other interesting changes that have made the 391 00:17:35,040 --> 00:17:38,920 Speaker 1: interview process less personal these days, and that includes stuff 392 00:17:38,920 --> 00:17:42,400 Speaker 1: like sending video clips of yourself with answers to specific questions. 393 00:17:42,840 --> 00:17:44,960 Speaker 1: And that can be good, right because you can take 394 00:17:45,000 --> 00:17:47,240 Speaker 1: your time and you can video yourself a hundred times 395 00:17:47,280 --> 00:17:50,800 Speaker 1: and send finally the perfect one to that potential employer. Um. 396 00:17:50,840 --> 00:17:52,439 Speaker 1: But that can also be frustrating. And the other thing 397 00:17:52,520 --> 00:17:55,639 Speaker 1: that can be frustrating is online tests or essay style 398 00:17:55,800 --> 00:17:59,959 Speaker 1: responses two questions that potential employer has the way interview 399 00:18:00,040 --> 00:18:02,160 Speaker 1: are conducted. It's just like changing in a major way 400 00:18:02,240 --> 00:18:04,520 Speaker 1: right now. Yeah, for a lot of folks who might 401 00:18:04,760 --> 00:18:09,000 Speaker 1: value that more face to face interaction, right like human relationships. Uh, 402 00:18:09,160 --> 00:18:11,600 Speaker 1: I could see this whole process maybe being a little 403 00:18:11,640 --> 00:18:13,879 Speaker 1: off putting for some of those job seekers, right like 404 00:18:13,920 --> 00:18:16,800 Speaker 1: applying for work and then figuring out each company system 405 00:18:16,840 --> 00:18:19,720 Speaker 1: for interviewing can be daunting and stressful. But we want 406 00:18:19,720 --> 00:18:21,800 Speaker 1: to encourage you to keep at it. Some of the 407 00:18:21,840 --> 00:18:24,480 Speaker 1: new systems that are being implemented will be used for 408 00:18:24,480 --> 00:18:27,000 Speaker 1: a long time to come, and so it's worth figuring 409 00:18:27,040 --> 00:18:28,840 Speaker 1: these things out right. It's worth figuring out how it 410 00:18:28,920 --> 00:18:31,080 Speaker 1: is that you can look good on a video while 411 00:18:31,119 --> 00:18:33,320 Speaker 1: you're at your home office. And so while you are 412 00:18:33,400 --> 00:18:35,359 Speaker 1: learning these new interview skills, don't forget about the old 413 00:18:35,400 --> 00:18:38,439 Speaker 1: school techniques of networking. Earlier we're talking about the Harvard 414 00:18:38,440 --> 00:18:41,919 Speaker 1: Business School online version and how much more affordable it is. 415 00:18:42,119 --> 00:18:43,639 Speaker 1: But you know, one of the things that we didn't 416 00:18:43,760 --> 00:18:46,360 Speaker 1: touch on that that leaves out is just the ability 417 00:18:46,400 --> 00:18:49,879 Speaker 1: to network in person, making these relationships that is so 418 00:18:50,000 --> 00:18:53,480 Speaker 1: stinking valuable. These personal connections are. You know, there's still 419 00:18:53,520 --> 00:18:55,639 Speaker 1: the number one way that people are able to find work, 420 00:18:56,040 --> 00:18:58,679 Speaker 1: and so reaching out to former colleagues or people in 421 00:18:58,720 --> 00:19:02,080 Speaker 1: your industry is huge. A message on LinkedIn goes a 422 00:19:02,119 --> 00:19:04,320 Speaker 1: really long way, or you can even ask for an 423 00:19:04,359 --> 00:19:08,119 Speaker 1: introduction from a friend. You'll be surprised at how receptive 424 00:19:08,119 --> 00:19:10,240 Speaker 1: people are to a kind note from someone they don't know. 425 00:19:10,720 --> 00:19:12,560 Speaker 1: And then of course don't forget to say thank you. 426 00:19:12,560 --> 00:19:15,439 Speaker 1: You know, like these personal touches like that are going 427 00:19:15,480 --> 00:19:19,080 Speaker 1: to go a long way, especially in this disconnected environment. 428 00:19:19,119 --> 00:19:21,159 Speaker 1: All and while we're talking about jobs, Matt, there was 429 00:19:21,520 --> 00:19:23,760 Speaker 1: kind of another thing that caught my this week. It 430 00:19:23,840 --> 00:19:26,960 Speaker 1: was an interesting study by the National Bureau of Economic 431 00:19:27,040 --> 00:19:29,720 Speaker 1: Research about the potential for a ton of Americans to 432 00:19:29,720 --> 00:19:32,360 Speaker 1: actually be earning quite a bit more than they are currently. 433 00:19:32,560 --> 00:19:34,960 Speaker 1: It was kind of shocking but also fantastic news to read. 434 00:19:35,280 --> 00:19:37,359 Speaker 1: As they quoted, they said that as many as thirty 435 00:19:37,400 --> 00:19:40,560 Speaker 1: million American workers without four year college degrees have the 436 00:19:40,600 --> 00:19:43,199 Speaker 1: skills to move into new jobs that pay on average 437 00:19:43,480 --> 00:19:46,199 Speaker 1: seventy more than their current ones. So we're not just 438 00:19:46,200 --> 00:19:47,920 Speaker 1: talking about going across the street to earn a buck 439 00:19:48,000 --> 00:19:50,239 Speaker 1: or two more an hour. We're literally talking about a 440 00:19:50,280 --> 00:19:53,520 Speaker 1: major change in income that's available to this huge amount 441 00:19:53,520 --> 00:19:56,040 Speaker 1: of the population. Roughly ten percent of the population of 442 00:19:56,040 --> 00:19:59,840 Speaker 1: the United States um has the ability to massively in 443 00:20:00,000 --> 00:20:03,000 Speaker 1: increase their income level. So we're talking about a major 444 00:20:03,160 --> 00:20:06,200 Speaker 1: change in income available to a huge amount of the 445 00:20:06,240 --> 00:20:09,560 Speaker 1: American population, which is which is cool. Yeah, folks without 446 00:20:09,560 --> 00:20:12,960 Speaker 1: a college degree have found themselves in a really you know, 447 00:20:13,000 --> 00:20:17,160 Speaker 1: difficult job environment generally speaking. Uh this past year. Although man, 448 00:20:17,320 --> 00:20:18,879 Speaker 1: you know, we want to point out our conversation with 449 00:20:18,960 --> 00:20:22,000 Speaker 1: Ken Rusk back in an episode two seventy seven really 450 00:20:22,560 --> 00:20:25,560 Speaker 1: shown a light on the ability for blue collar workers 451 00:20:25,600 --> 00:20:29,080 Speaker 1: to earn a great income and that might mean changing 452 00:20:29,119 --> 00:20:30,880 Speaker 1: the industry you know you work in, or or even 453 00:20:31,000 --> 00:20:33,600 Speaker 1: learning a new skill. But then, as we discussed with 454 00:20:33,720 --> 00:20:36,520 Speaker 1: Rich earlier this week on Monday, don't hesitate to look 455 00:20:36,520 --> 00:20:39,719 Speaker 1: for new opportunities even within your own company. During that conversation, 456 00:20:39,800 --> 00:20:43,520 Speaker 1: he talked about keeping a record keeping track of the 457 00:20:43,560 --> 00:20:46,720 Speaker 1: different projects that you've been working on, on the amount 458 00:20:46,720 --> 00:20:48,560 Speaker 1: of value that you've been able to bring your company, 459 00:20:48,600 --> 00:20:51,040 Speaker 1: and so all these are different ways for you to 460 00:20:51,080 --> 00:20:54,560 Speaker 1: negotiate for for more money, right to negotiate a higher salary, 461 00:20:54,720 --> 00:20:56,600 Speaker 1: But at the same time, don't be afraid to to 462 00:20:56,640 --> 00:20:58,840 Speaker 1: look for new opportunities. Make sure that you've got that 463 00:20:58,840 --> 00:21:00,800 Speaker 1: linked in profile ready, to make sure you got your 464 00:21:00,800 --> 00:21:03,920 Speaker 1: resume updated and looking fresh. Yeah, and in particular, Matt, actually, 465 00:21:04,000 --> 00:21:05,880 Speaker 1: some of the terms that you use when you're describing 466 00:21:05,920 --> 00:21:08,640 Speaker 1: yourself on a resume are really important, and I think 467 00:21:08,840 --> 00:21:12,879 Speaker 1: a lot of people have trouble um describing themselves and 468 00:21:13,040 --> 00:21:15,720 Speaker 1: their skills on a resume, So it makes sense to 469 00:21:15,720 --> 00:21:17,720 Speaker 1: get helpful with that. It's less like the formatting and 470 00:21:17,720 --> 00:21:19,040 Speaker 1: it's more like, well, what do I actually need to 471 00:21:19,040 --> 00:21:21,520 Speaker 1: include in here? Because if you sell yourself short and 472 00:21:21,560 --> 00:21:24,280 Speaker 1: you don't actually pitch yourself in an effective manner, that 473 00:21:24,320 --> 00:21:27,080 Speaker 1: can reduce your job prospects and and potentially your income 474 00:21:27,119 --> 00:21:29,639 Speaker 1: to All right, let's get to a one last story 475 00:21:29,680 --> 00:21:31,120 Speaker 1: that we wanted to touch on this week. A couple 476 00:21:31,119 --> 00:21:33,480 Speaker 1: of weeks ago, we talked with Travis Hornsby of Student 477 00:21:33,520 --> 00:21:36,320 Speaker 1: Loan Planner and we discussed a bunch of different things 478 00:21:36,400 --> 00:21:39,720 Speaker 1: about student loans because they're in kind of a precarious 479 00:21:39,720 --> 00:21:42,719 Speaker 1: position right now. Anybody with federal student loans, they're currently 480 00:21:42,720 --> 00:21:45,080 Speaker 1: in forbearance, but they're not sure when those payments are 481 00:21:45,080 --> 00:21:47,480 Speaker 1: going to restart again. Um, and we still don't know 482 00:21:47,720 --> 00:21:49,960 Speaker 1: for sure, like when they're going to restart, but we 483 00:21:50,000 --> 00:21:53,040 Speaker 1: at least know one thing based on this week, and 484 00:21:53,080 --> 00:21:55,120 Speaker 1: that's that the the start date for paying back your 485 00:21:55,160 --> 00:21:58,000 Speaker 1: your student loans, for your federal student loans was bumped 486 00:21:58,000 --> 00:22:01,240 Speaker 1: back one month from January one February first. So that's 487 00:22:01,280 --> 00:22:04,040 Speaker 1: the earliest um, anybody out there with student loans is 488 00:22:04,080 --> 00:22:06,800 Speaker 1: going to see payments resoom. Yeah. So that's great news 489 00:22:06,800 --> 00:22:09,919 Speaker 1: for all the student loan borrowers out there who have 490 00:22:09,960 --> 00:22:13,000 Speaker 1: had their student loans paused, you know, continue to prioritize, 491 00:22:13,080 --> 00:22:15,200 Speaker 1: you know, other goals that you might have, like beefing 492 00:22:15,280 --> 00:22:17,600 Speaker 1: up your your savings, maybe paying down some other debts 493 00:22:18,359 --> 00:22:21,080 Speaker 1: with higher rates of interest, you know, while your student 494 00:22:21,160 --> 00:22:23,639 Speaker 1: loans aren't accruing interest. And we'll be shure to keep 495 00:22:23,640 --> 00:22:25,520 Speaker 1: you up to speed with any other news that breaks 496 00:22:25,520 --> 00:22:28,120 Speaker 1: about student loans. There's a lot in the air right now, Joel, 497 00:22:28,160 --> 00:22:30,600 Speaker 1: with a transition of power, there's a lot of congressional 498 00:22:30,680 --> 00:22:33,159 Speaker 1: talk as far as another stimulus bill. So there's a 499 00:22:33,160 --> 00:22:35,200 Speaker 1: lot of different ways that this could end up going. 500 00:22:35,320 --> 00:22:37,600 Speaker 1: And we'll make sure to let you our listener now, 501 00:22:37,800 --> 00:22:39,920 Speaker 1: no doubt, a lot of moving parts. Now we've gotta 502 00:22:39,960 --> 00:22:42,520 Speaker 1: keep our eyes on. But yeah, at least one small 503 00:22:42,560 --> 00:22:44,240 Speaker 1: bit of good news this week for people who have 504 00:22:44,280 --> 00:22:46,399 Speaker 1: student loans. But all right, that's gonna do it for 505 00:22:46,480 --> 00:22:49,040 Speaker 1: this episode. We'll have a lot of links from this 506 00:22:49,080 --> 00:22:51,520 Speaker 1: week's episode in our show notes up for you on 507 00:22:51,560 --> 00:22:53,840 Speaker 1: our website at how to money dot com. And everybody, 508 00:22:53,840 --> 00:22:56,280 Speaker 1: have a great weekend and Joel, until next time, Best 509 00:22:56,320 --> 00:23:06,080 Speaker 1: friends out, Best Friends Out. M