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Speaker 1: Welcome to How to Money. I'm Joel and I'm Matt,

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Speaker 1: and today we're discussing making work a smaller part of

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Speaker 1: your life with money pro Tanya hester that's right, Joel.

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Speaker 1: This is gonna be an episode of talking about our

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Speaker 1: attitudes towards work, and we're gonna talk about retirement as well.

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Speaker 1: It's just some different types of retirement. And I'm glad

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Speaker 1: that we have our five minutes segment with Tanya to

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Speaker 1: get us thinking about that a little differently, Joel. But first,

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Speaker 1: I wanted to run a frugal versu cheap by you man,

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Speaker 1: I got I got one for you bring a buddy. Okay,

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Speaker 1: So I applied for a new credit card because I

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Speaker 1: was wanting to get that sign up bonus. This is

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Speaker 1: a sign up bonus. Yeah, it's a It's a pretty

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Speaker 1: good one. And here's why I want to talk about

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Speaker 1: this is because a lot of times people talk about

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Speaker 1: not opening new cards for bonuses like that because it

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Speaker 1: dings your credit. Yeah. I think we had a recent

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Speaker 1: discussion in the Facebook group about that. Man, It's kind

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Speaker 1: of a constant sort of topic, right, Yeah. But so

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Speaker 1: my question is is it being frugal or cheap to

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Speaker 1: sign up for a new car to get that bonus

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Speaker 1: when it hurts your credit score, what do you think? So?

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Speaker 1: I think it depends on your specific situation. If you're

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Speaker 1: applying for a home loan or a car loan like

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Speaker 1: literally next week, then it's it's cheap. It's a bad

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Speaker 1: idea to get that five bucks and doing your credit

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Speaker 1: score and potentially hurt these interest rates that you're going

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Speaker 1: to have for a long time on while you're paying

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Speaker 1: down a car or a home. But if you're not

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Speaker 1: in that situation, if you're not looking to finance anything

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Speaker 1: in the near future, I say, doing your credit score

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Speaker 1: and take the cash. Yeah, man, I couldn't agree more.

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Speaker 1: I mean, what's your credit score for? But use it?

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Speaker 1: I think what happens is a lot of times folks

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Speaker 1: view their credit score as this indicator of just how

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Speaker 1: good they are with money, or maybe their success or

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Speaker 1: just a number of things. But that number is there

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Speaker 1: for you to use it if you have a great

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Speaker 1: credit score, and you can use that to to get

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Speaker 1: great financial products, whether it be a new credit card

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Speaker 1: or especially owns. But in my case, I'm using it

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Speaker 1: to get new cards to get the sign up bonuses. Well,

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Speaker 1: I'm not looking to have a perfect credit score just

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Speaker 1: for the sake of someday achieving eight fifty like a

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Speaker 1: gold star on a test. Yeah, Like, what's it really matter?

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Speaker 1: It doesn't really matter, you know. What matters is the

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Speaker 1: bottom line for me right now. That's not getting a

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Speaker 1: great rate on a new mortgage, because I'm not looking

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Speaker 1: to get one of those anytime soon, like you mentioned.

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Speaker 1: But the dollar amount in my pocket, Like, that's what

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Speaker 1: I'm looking at. And in our case, we already had

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Speaker 1: a big expense coming up literally this morning. We actually

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Speaker 1: just paid for our new baby all right at the

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Speaker 1: person center. I told you about that you gotta wait

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Speaker 1: on your delivery for a while, exactly. Yeah, but that's

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Speaker 1: an expense we knew was coming up, and so why

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Speaker 1: not put that on a card and we're gonna pay

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Speaker 1: it off at the end of the month and get

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Speaker 1: that five off. That's a that's a great deal. But

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Speaker 1: like you said, if you're going to be applying for

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Speaker 1: a mortgage anytime soon, you might want to hold off

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Speaker 1: and know yourself as well. If you think that applying

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Speaker 1: for a new card might cause you to spend more

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Speaker 1: than than you really should be spending, well, don't. Don't

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Speaker 1: do that if you know that you'll be tempted. Yeah,

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Speaker 1: you're gonna pay for the baby anyway, right, certainly. So yeah,

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Speaker 1: I think too, to your point about how people view

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Speaker 1: their credit score, Matt, there's some people that are obsessed

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Speaker 1: with hitting the eight hundred credit score number, or or

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Speaker 1: even getting above that, and they're like, why isn't my

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Speaker 1: score perfect? And there are all these little things that

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Speaker 1: influence your score. And if you're in that seven sixties,

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Speaker 1: seven seventy or above range, you're in amazing credit territory.

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Speaker 1: And if you're above seven forty, you're in super super

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Speaker 1: solid territory. And and so I think just kind of

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Speaker 1: look at where you're at. If you have a credit

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Speaker 1: score of seven ninety eight hundred, taking advantage of a

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Speaker 1: new credit card deal with a sign up bonus is

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Speaker 1: going to cost you, in all likelihood ten maybe twelve points.

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Speaker 1: It's not that big of a deal, and it still

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Speaker 1: keeps you in pristine credit range. So don't overthink it,

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Speaker 1: don't worry about it. So it's important to know, yeah,

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Speaker 1: that your credit score is is helpful for so many things,

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Speaker 1: but it's also something that you can use to your benefit,

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Speaker 1: like you're doing right now. Yeah, so it's important to

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Speaker 1: not get too bogged down with the details when it

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Speaker 1: comes to your credit score. I want to talk about

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Speaker 1: our beer today that we have from land Grant brew Company,

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Speaker 1: uh and they are out of Columbus, Ohio. Matt. This

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Speaker 1: is a beer in their Quadra Hopic series of I

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Speaker 1: p A S and this one features force specific hops

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Speaker 1: And this was sent to us from listener Kayla, who

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Speaker 1: works for land Grant Brewing. And you know we're always

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Speaker 1: down for a good I p A. So thank you

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Speaker 1: Kayla for sending this one out. We're having some SIPs

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Speaker 1: of this right now, but we'll talk more about this

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Speaker 1: beer at the end of this episode. Yeah, Matt, so

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Speaker 1: onto the subject at hand. The topic of the day

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Speaker 1: is making work a smaller part of your life, and

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Speaker 1: we're bringing money pro Tanya Hester on to to talk

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Speaker 1: about this. She blogs and a blog called Our Next Life,

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Speaker 1: and she recently wrote a book called Work Optional, And

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Speaker 1: if you stay tuned to the end of the episode,

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Speaker 1: we're actually gonna give away a few copies to listeners. Um.

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Speaker 1: She also, by the way, hosts the Fairer Sense podcast

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Speaker 1: and she's done so much work which is kind of

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Speaker 1: a funny thing to say, because she's talking about work optional.

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Speaker 1: She's done a lot of work to think through this subject. Well,

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Speaker 1: she has afforded herself the opportunity she and her husband

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Speaker 1: to make work a completely optional part of their life,

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Speaker 1: and they can work however much or however little they

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Speaker 1: want to based on the way that they've saved and

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Speaker 1: invested and thought about money for a number of years.

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Speaker 1: So I'm really excited to see how we can take

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Speaker 1: this subject with Tanya and make it applicable to listeners

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Speaker 1: no matter what their current financial situation is. Yeah, Joel,

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Speaker 1: That's one of the things I love about Tanya's story

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Speaker 1: is she's talking about this from a standpoint of authority

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Speaker 1: because she has achieved financial independence, she's retired early, but

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Speaker 1: she wasn't always set in life. She mentioned in her

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Speaker 1: book how until her late twenties she had a negative

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Speaker 1: net worth just from some dumb financial decisions that she made.

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Speaker 1: She wasn't one of these high school grads where straight

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Speaker 1: up high school theas she started like an app or

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Speaker 1: you know, she wasn't a genius in college to where

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Speaker 1: she had companies on Wall Street making her amazing offers.

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Speaker 1: She worked for MPR. And I don't know if you've heard,

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Speaker 1: but NPR asked for a lot of money because because

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Speaker 1: they're not very well funded. Yeah, people in radio, I

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Speaker 1: can attest to this, don't typically make too much money.

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Speaker 1: And I guarantee you most of the folks at NPR

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Speaker 1: aren't making tons of money either, so exactly, And so

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Speaker 1: I love though that she started at that point, um,

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Speaker 1: and I think that's incredibly relatable to anyone. And we'll

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Speaker 1: hear Tanya's five minutes of distilled wisdom about this in

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Speaker 1: one second. But really quick, let's talk about the problems

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Speaker 1: that people have with work, Matt and and we address

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Speaker 1: this a little bit in episode fifty of our show

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Speaker 1: about what a proper view of work should look like.

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Speaker 1: We mentioned that work is a wonderful thing, but work

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Speaker 1: isn't everything. And those two views have been the main

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Speaker 1: ways that we've categorized work in our culture these days.

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Speaker 1: And Americans work way more than they did in the past,

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Speaker 1: and far more than other countries. So it's no wonder

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Speaker 1: that we are looking for ways to work less and

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Speaker 1: enjoy our work more. And so Tanya isn't approaching this

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Speaker 1: because she hates work, and we don't either. We think

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Speaker 1: work is an important thing and a meaningful thing. We

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Speaker 1: think that she's kind of helping us find out how

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Speaker 1: to do meaningful work from a position of strength, and

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Speaker 1: having strong personal finances is crucial in that equation. Yeah,

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Speaker 1: and just not being stressed while you are working. She

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Speaker 1: also mentions how like her and her husband are both

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Speaker 1: on boards and they're pretty much busier than ever right now.

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Speaker 1: But what they are doing is they're spending their energies

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Speaker 1: and their time working on things that they actually truly

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Speaker 1: care about. And when they don't have to worry about

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Speaker 1: the money, well it becomes a joy. It's it's sort

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Speaker 1: of this passion pursuit. And how much more fulfilling is

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Speaker 1: that when you're able to work on something because you

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Speaker 1: believe it, not because you know that. Well, that's how

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Speaker 1: I get the best paycheck. Um, And that's where she's

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Speaker 1: operating from, and I know I want to operate from

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Speaker 1: that standpoint, and I think a lot of our listeners

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Speaker 1: I would agree, and that resonates with them as well. Yeah.

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Speaker 1: So just a quick reminder that the way these money

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Speaker 1: Pro episodes work is that we bring on our money

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Speaker 1: Pro for five minutes of distilled wisdom, and so, without

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Speaker 1: further ado, here is Tanya's five minutes on avoiding burnout

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Speaker 1: and making work a smaller part of your life. K

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Speaker 1: Matt and Joel, thanks for having me on to talk

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Speaker 1: about how to make work a smaller part of life

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Speaker 1: even if you never plan to retire early. First, let's

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Speaker 1: talk about why it behooves us all to act as

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Speaker 1: if we're going to retire early, even if early means

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Speaker 1: fifty or fifty five, not forty or thirty five, depending

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Speaker 1: on how the survey writers ask the question. We know

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Speaker 1: that somewhere between one third and two thirds of people

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Speaker 1: retire before they intend to for a whole host of

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Speaker 1: reasons poor health, badly time, layoffs, needing to care for

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Speaker 1: a sick loved one, that kind of thing. We also

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Speaker 1: know from New Urban Institute and pro public analysis that

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Speaker 1: more than half of workers over fifty are laid off

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Speaker 1: or let go in ways that irreparably harm their financial health,

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Speaker 1: maybe making the type of retirement they had hoped for

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Speaker 1: impossible more than half more than half of workers over fifty.

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Speaker 1: And of course we all know that automation, outsourcing and

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Speaker 1: shifts within industries aren't ever present threat to long term

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Speaker 1: job security. What you do now simply may not exist

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Speaker 1: as a job by the time you're fifty. So even

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Speaker 1: if you love your job and have zero desire to

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Speaker 1: leave it before your sixties, you may not ultimately have

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Speaker 1: that say, And you're so much better off if you

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Speaker 1: can give yourself the financial flexibility to weather any setbacks

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Speaker 1: that come your way. But ultimately we're talking about making

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Speaker 1: mandatory work a smaller part of life, which feels like

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Speaker 1: an almost revolutionary thing to say. In our seven hustle culture,

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Speaker 1: the hustle culture that puts virtually all the power in

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Speaker 1: employer's hands, that puts most of the productivity gains into

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Speaker 1: shareholders hands, not workers hands. The work culture that has

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Speaker 1: us working on average for full time weeks worth of

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Speaker 1: hours more per year than workers did forty years ago.

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Speaker 1: The culture that has most of us checking email on

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Speaker 1: vacation and when sick, if we even take any sick

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Speaker 1: time at all. This is at hustle culture. It's burnout culture,

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Speaker 1: and it's killing us. But it's possible to fight back.

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Speaker 1: In my book Work Optional, Retire Early, The nonpenny pinching Way,

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Speaker 1: I outlined three possible paths that you could follow to

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Speaker 1: make mandatory work a smaller part of your life. First,

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Speaker 1: there's full early retirement, which is what I did along

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Speaker 1: with my husband Mark, saving enough so that we never

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Speaker 1: need to earn another dollar, meaning any work we do

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Speaker 1: is now entirely on our own terms. There's also semi retirement,

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Speaker 1: in which you save fully for your traditional retirement and

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Speaker 1: then work just enough in your semi retired years to

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Speaker 1: cover all or part of your living expenses. And finally,

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Speaker 1: there's career intermission, in which you save enough to be

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Speaker 1: able to take a year or two off from work,

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Speaker 1: or perhaps a year every decade, or six months every

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Speaker 1: five years, whatever feels right to you. But the truth

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Speaker 1: is that you don't even have to achieve any of

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Speaker 1: these levels of financial independence to make work more optional

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Speaker 1: in your life. When we got to a point in

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Speaker 1: our savings that I knew we could both get laid

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Speaker 1: off and be unable to find work for a full

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Speaker 1: year and still be okay, it was incredible how my

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Speaker 1: whole view on work changed suddenly. That daily stress affected

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Speaker 1: me less, the NonStop travel felt less grueling. Honestly, I

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Speaker 1: felt powerful. I knew I didn't need the job, and

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Speaker 1: while I stayed with it, for several more years, and

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Speaker 1: honestly loved it until we'd saved enough to quit entirely.

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Speaker 1: Knowing I could quit and be okay was one of

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Speaker 1: the best things I've ever felt. It also changed the

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Speaker 1: whole dynamic I had at work. Most of us have

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Speaker 1: this massive power imbalance with our employers. They have the

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Speaker 1: money and we want it, so we'll do pretty much

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Speaker 1: whatever they ask of us, even if it's unhealthy and unsustainable,

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Speaker 1: even if it destroys our relationships and gives us no

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Speaker 1: time outside of work to pursue our own passions. When

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Speaker 1: I knew I didn't need my job anymore, it flipped

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Speaker 1: how I saw the whole arrangement. It was no longer

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Speaker 1: me speaking to an omniscient being who held my fate

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Speaker 1: in its hands. It was too economic equals. We each

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Speaker 1: have something the other wants. I want your money, and

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Speaker 1: you want my skills and talent. Knowing I could walk

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Speaker 1: away was what made it possible for me to eyes

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Speaker 1: to that equal position in the relationship and to push

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Speaker 1: for what I wanted, like better projects and teams and

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Speaker 1: better terms for those working under me. I didn't have

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Speaker 1: to get anywhere near early retirement levels of savings and

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Speaker 1: investments to feel that power just enough to know that

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Speaker 1: I could quit any time, and that's something that's within

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Speaker 1: reach for most of us. So where to begin. I'm

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Speaker 1: a big fan of starting by mapping out what your

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Speaker 1: ideal life would look like, both so you know what

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Speaker 1: it costs and so you have a vision that will

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Speaker 1: motivate you to save over the long term. Then get

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Speaker 1: tactical track your spending, figure out how much you can

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Speaker 1: currently afford to save and how you expect that to

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Speaker 1: grow over time, and then put automated systems into place

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Speaker 1: to help you save, like having your paycheck split so

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Speaker 1: a portion goes to savings without you even seeing it,

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Speaker 1: or working toward maxing out your I RA A or

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Speaker 1: four oh one K. I offer a saving sequence in

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Speaker 1: the book that helps you think about tackling a bunch

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Speaker 1: of financial goals in sequence, whether it's paying off debt,

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Speaker 1: saving to buy a home, or saving for early retirement,

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Speaker 1: or some combination of all three. You don't have to

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Speaker 1: be a super saver or a high earner to give

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Speaker 1: yourself the power to live a work optional life. You

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Speaker 1: just have to be willing to get started. I hope

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Speaker 1: this has giving you something to think about. Thanks for

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Speaker 1: letting me share my thoughts guys, Tanya, thank you. This

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Speaker 1: is awesome. There is clearly such a wealth of wisdom

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Speaker 1: that Tanya has, and it's no wonder that she's written

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Speaker 1: multiple books stroll um. I'm looking forward to diving into

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Speaker 1: all that she had to say right after this break.

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Speaker 1: All right, Matt, we'll back and man, I so love

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Speaker 1: but Tanya had to say and the perspective that she has,

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Speaker 1: like where she comes from. One of my favorite things

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Speaker 1: that she said was at the beginning of For five

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Speaker 1: Minutes when she said that it's better to act like

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Speaker 1: you're going to retire early, even if you don't think

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Speaker 1: that you're going to. And that was such an awesome

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Speaker 1: and powerful thing for me. And I think the reason

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Speaker 1: why is because many of us think that we control

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Speaker 1: our own fate, that even if we're a good employee,

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Speaker 1: that we're assured of a job in the future, and

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Speaker 1: especially in today's corporate culture, that's just not the case.

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Speaker 1: And I love the idea of acting and treating our

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Speaker 1: finances like we're planning to retire early, saving a whole

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Speaker 1: heck of a lot more than we are now, even

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Speaker 1: if we don't necessarily want to to quit work at

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Speaker 1: an early age. I think that's so powerful and so important. Yeah, Joe, because,

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Speaker 1: like she mentioned, there's a whole host of reasons why

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Speaker 1: you might actually have to end up retiring early, whether

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Speaker 1: they be personal or industry specific, depending on the industry

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Speaker 1: that you're in or your specific company. Um, I'm I'm

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Speaker 1: with you though. The fact that she mentioned focusing on

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Speaker 1: doing that early, it's sort of this overachiever mentality, and honestly,

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Speaker 1: that's just a better way to live life. I'm not

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Speaker 1: habitually late by any means. I don't think I am

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Speaker 1: am I late all the time? No, not usually, I

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Speaker 1: don't think so. But I can probably count on my

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Speaker 1: hand the number of times I was early to something

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Speaker 1: last year. But when you are early to something, just

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Speaker 1: think about how much better of a position that puts

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Speaker 1: you in when it comes to the quality of life

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Speaker 1: that you have. You're just less stressed. You're not rushing

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Speaker 1: around to make sure you're there on time. When it

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Speaker 1: comes to opportunities, like you show up early someplace, you're

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Speaker 1: just kind of hanging out, like you can find ways

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Speaker 1: to help out. You have more options when you have time.

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Speaker 1: But then also like the quality of your work improves.

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Speaker 1: Imagine showing up to an interview ten minutes earlier versus

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Speaker 1: right on time. You're probably gonna perform a little bit

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Speaker 1: better if you had ten minutes to sit there and

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Speaker 1: think about it. So, just in general, when it comes

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Speaker 1: to your finances and reaching a point of financial stability,

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Speaker 1: a little ahead of time, a little bit early in

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Speaker 1: a similar way that you see that benefiting you in

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Speaker 1: real life, like social or work situations. And there are

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Speaker 1: a lot of aspects of our life, Matt, that we

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Speaker 1: don't have control over. Right We might, like Tanya said,

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Speaker 1: have some sort of bad health outcome or or get

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Speaker 1: laid off, even if we've been doing a good job,

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Speaker 1: and there might be a need for us to care

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Speaker 1: for somebody else in our life. Maybe somebody else that

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Speaker 1: we love and care about deeply get sick, and who

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Speaker 1: knows what that may bring to your life time wise

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Speaker 1: and money needs. So even if you love your job,

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Speaker 1: even if you think and you plan on working till

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Speaker 1: age sixty five or seventy, well, unforeseen circumstances could prevent that,

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Speaker 1: and you just have to be prepared. And Matt, for example,

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Speaker 1: the company I work for my day job they have

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Speaker 1: announced that the radio station I work for is for sale,

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Speaker 1: and that could mean a whole host for sale. By

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Speaker 1: like there's a sign off front there is yeah, and

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Speaker 1: I was like, I'll buy it, and they're like, you

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Speaker 1: don't have enough. I'm sorry you can't, but yeah. So

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Speaker 1: there's such an element of fright in the building when

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Speaker 1: an announcement like that gets made, and you can just

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Speaker 1: tell that so many people haven't thought at all about

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Speaker 1: what life might look like if something like that were

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Speaker 1: to happen. There's just been zero planning. And I understand that,

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Speaker 1: like I have pity for that, Like I I completely

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Speaker 1: know that there are so many other things to take

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Speaker 1: over our lives from just the day job, the grind

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Speaker 1: and and kids and all the other things that are

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Speaker 1: going on in our lives. But if we don't pay

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Speaker 1: attention to our finances, an announcement like that gets made

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Speaker 1: and people are freaking out. And for me, I mean,

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Speaker 1: I like my day job, it's really fun, I like

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Speaker 1: the people I work with, I like what I do.

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Speaker 1: But I also know that when this announcement got made,

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Speaker 1: not much changed in my mind because I know where

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Speaker 1: I'm at financially. I know that I have the ability

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Speaker 1: to weather any storm like this, and that just gave

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Speaker 1: me a lot of confidence that I don't have to

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Speaker 1: worry about what happens if they call me tomorrow and

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Speaker 1: say it got sold, and we don't need your position anymore.

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Speaker 1: Like I'm in a position of length to be able

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Speaker 1: to say, Okay, I can take a year off, or

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Speaker 1: I can work to find something else as quickly as possible.

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Speaker 1: But I just don't have to fret about it. And

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Speaker 1: that is such a nice place to be. And I

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Speaker 1: know that that's just a rare position for people, but

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Speaker 1: it's an important one to think about now before that

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Speaker 1: announcement gets made at your work, right. I love that

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Speaker 1: you are in a position of of strength to a

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Speaker 1: certain extent. Here is not to say that you're financially

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Speaker 1: independent right now or that you're you know that you've

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Speaker 1: retired early, but you have, but that I could because

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Speaker 1: I can't. Yeah, but you do have some margin, you know,

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Speaker 1: I've we've talked before and you've mentioned how you could

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Speaker 1: maybe take a year off, and you know you could

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Speaker 1: get by things will be all right. We're maybe in

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Speaker 1: a similar position. I don't think we could take a

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Speaker 1: full year off, but that's something that we're working towards

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Speaker 1: to have that financial margin to be prepared to whether

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Speaker 1: the different storms like that. And again, it's not saying

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Speaker 1: that we don't enjoy work. We're just looking at ways

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Speaker 1: to make mandatory work a smaller part of your life.

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Speaker 1: And so in order to do that, though, you have

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Speaker 1: to push back against the standard work culture where the

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Speaker 1: power is in the hands of employers and time you

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Speaker 1: mentioned that, because when you're overworked like that, that's what

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Speaker 1: leads to the and out, when you feel that you

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Speaker 1: have to say yes to every single thing that's being

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Speaker 1: asked of you. Sometimes it may not even be the

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Speaker 1: most upstanding request, but you think, oh, we'll shoot, I'm

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Speaker 1: counting on a paycheck to come in next week. Kind

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Speaker 1: of held to this carrot, you know, being dangled in

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Speaker 1: front of you and there's a requirement of you to

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Speaker 1: perform to a certain extent. And that's the view and

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Speaker 1: attitudes towards work that we're trying to get away from. Matt.

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Speaker 1: Let me give another just quick example. And part of

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Speaker 1: the reason that I've created this level of financial security

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Speaker 1: in my life comes from what I experienced as a

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Speaker 1: kid in childhood and my dad lost his job when

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Speaker 1: I was pretty young, and he had this great middle

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Speaker 1: management job, and my parents were kind of living at

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Speaker 1: this place where where they could meet their monthly obligations,

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Speaker 1: but they weren't putting anything aside for the future. And

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Speaker 1: I guess the assumption for them, just like so many

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Speaker 1: other people, was that things would continue on the way

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Speaker 1: they were indefinitely. And so when when my dad's company

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Speaker 1: got bought by another company, he was laid off, and

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Speaker 1: that created immense amounts of financial tumult in our lives.

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Speaker 1: And I love what Tanya is talking about with making

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Speaker 1: work a smaller part of our lives, because even when

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Speaker 1: you lose your job, if you don't have a small

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Speaker 1: amount of financial security, if you're living paycheck to paycheck,

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Speaker 1: you don't have any options when it comes to your

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Speaker 1: next place of employment. To a certain extent, you're pretty

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Speaker 1: much at the whims of whatever the market has to

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Speaker 1: offer at that moment in time. Okay, let's talk now

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Speaker 1: about how Tanya that she mentioned how there are three

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Speaker 1: possible paths towards working less in your life. There is

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Speaker 1: full early retirement, and you know, that's financial independence where

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Speaker 1: all work is optional. That's sort of the pinnacle of

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Speaker 1: when it comes to retirement and your savings. And really

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Speaker 1: that just means that whatever you have in investments, whether

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Speaker 1: its torntal properties or uh in your retirement accounts can

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Speaker 1: cover your living expenses so that you don't have to work.

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Speaker 1: That's right, man. And the next she mentioned semi retirement

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Speaker 1: or partial retirement, and this is where you can save

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Speaker 1: fully for a traditional retirement, but then you continue to

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Speaker 1: work some to cover your day to day living expenses.

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Speaker 1: You know, honestly, I think this is a great option

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Speaker 1: if it's hard for you to imagine life without work personally,

432
00:18:59,119 --> 00:19:02,280
Speaker 1: Semi retirement or partial retirement is my goal because I

433
00:19:02,320 --> 00:19:04,040
Speaker 1: just see work being a large part of what I do.

434
00:19:04,119 --> 00:19:06,000
Speaker 1: I I want to continue to work. I want to

435
00:19:06,000 --> 00:19:08,280
Speaker 1: be able to continue to create things. You know, we're

436
00:19:08,280 --> 00:19:10,159
Speaker 1: working hard at creating this podcast. It's a lot of

437
00:19:10,160 --> 00:19:12,600
Speaker 1: fun and for our family as well. I know what

438
00:19:12,640 --> 00:19:14,359
Speaker 1: the next eighteen years are gonna look like. It's gonna

439
00:19:14,359 --> 00:19:17,159
Speaker 1: look a lot like that prototypical American family where the

440
00:19:17,240 --> 00:19:18,600
Speaker 1: kids go off to school in the morning, they come

441
00:19:18,600 --> 00:19:20,680
Speaker 1: back in the afternoon, and and we're gonna have dinner

442
00:19:20,720 --> 00:19:22,480
Speaker 1: together as a family. You know, Kate and I have

443
00:19:22,520 --> 00:19:24,399
Speaker 1: talked about how that's a goal of ours, like we

444
00:19:24,440 --> 00:19:27,760
Speaker 1: want to sort of create this maybe overly idyllic sort

445
00:19:27,760 --> 00:19:29,040
Speaker 1: of life, but that's the kind of life that we

446
00:19:29,080 --> 00:19:31,719
Speaker 1: want to lead right now at least. And so because

447
00:19:31,760 --> 00:19:34,480
Speaker 1: of that, work fits into that very well, Like there's

448
00:19:34,480 --> 00:19:37,199
Speaker 1: a reason maybe why kids go off to the school

449
00:19:37,400 --> 00:19:39,399
Speaker 1: while your parents are off working. It just kind of

450
00:19:39,400 --> 00:19:41,680
Speaker 1: fits together. And so for me to feel less stress

451
00:19:41,720 --> 00:19:44,160
Speaker 1: about my job to where I feel that it has

452
00:19:44,200 --> 00:19:45,879
Speaker 1: to be able to produce a certain amount of money

453
00:19:46,080 --> 00:19:48,960
Speaker 1: every single month because I'm on a variable monthly sort

454
00:19:48,960 --> 00:19:51,480
Speaker 1: of income, that would be amazing. Yeah, I think the

455
00:19:51,840 --> 00:19:53,919
Speaker 1: draw of something like semi retirement is kind of like

456
00:19:53,960 --> 00:19:56,439
Speaker 1: you were saying, that you can get in a nice

457
00:19:56,440 --> 00:19:58,159
Speaker 1: full day's work while the kids are at school, and

458
00:19:58,200 --> 00:20:00,320
Speaker 1: then when they come home, there's no more work, right,

459
00:20:00,480 --> 00:20:02,439
Speaker 1: You only have to work that night if you want to,

460
00:20:02,880 --> 00:20:05,359
Speaker 1: and you can work on the things that you're interested in.

461
00:20:05,720 --> 00:20:07,679
Speaker 1: And that is such a super cool thing. And we

462
00:20:07,720 --> 00:20:10,000
Speaker 1: realize that that's that's a hard thing to come by,

463
00:20:10,080 --> 00:20:12,960
Speaker 1: that's not an easy thing, Like that's my goal, that's

464
00:20:12,960 --> 00:20:15,119
Speaker 1: a goal for future for us, right, and even if

465
00:20:15,119 --> 00:20:17,120
Speaker 1: you don't have kids to be able to work while

466
00:20:17,119 --> 00:20:18,960
Speaker 1: your friends are working, because it's hard to live a

467
00:20:19,000 --> 00:20:21,679
Speaker 1: sort of quote unquote normal life where your friends are

468
00:20:21,680 --> 00:20:24,040
Speaker 1: working all day and then sometimes even into the night,

469
00:20:24,440 --> 00:20:26,399
Speaker 1: and for you to maintain those friendships, right, Like, how

470
00:20:26,400 --> 00:20:27,840
Speaker 1: do you maintain in a friendship or how do you

471
00:20:27,880 --> 00:20:30,280
Speaker 1: maintain sort of a regular life when when your friends

472
00:20:30,280 --> 00:20:32,760
Speaker 1: are working all day and you know you're kicking back

473
00:20:32,800 --> 00:20:35,320
Speaker 1: because you're basically, you know, fully retired. Well, that's that's

474
00:20:35,359 --> 00:20:37,960
Speaker 1: kind of difficult. Instead to be able to continually challenge

475
00:20:37,960 --> 00:20:40,439
Speaker 1: yourself to to create new things, or to challenge yourself

476
00:20:40,480 --> 00:20:43,119
Speaker 1: to learn a new skill, finding ways to contribute, Like

477
00:20:43,160 --> 00:20:45,720
Speaker 1: all these are great reasons to continue to work, but

478
00:20:45,960 --> 00:20:48,440
Speaker 1: just without that stress. Yeah, and I think that ideal

479
00:20:48,480 --> 00:20:51,440
Speaker 1: of semi retirement allows you to Let's say you are

480
00:20:51,680 --> 00:20:54,280
Speaker 1: pulling ten hour days right now. Let's say you're a

481
00:20:54,280 --> 00:20:57,600
Speaker 1: prototypical American and you're working more than forty hours a week,

482
00:20:57,640 --> 00:21:00,320
Speaker 1: because most Americans are, There's there's just a lot of

483
00:21:00,359 --> 00:21:03,840
Speaker 1: work going on in our society. We've become highly productive people.

484
00:21:04,080 --> 00:21:06,520
Speaker 1: We we get a lot more done with a lot

485
00:21:06,560 --> 00:21:10,160
Speaker 1: fewer human resources. Each individual American is so much more

486
00:21:10,160 --> 00:21:12,280
Speaker 1: productive than they used to be. Thirty years ago, but

487
00:21:12,320 --> 00:21:13,960
Speaker 1: we're working a lot more in order to make that

488
00:21:14,000 --> 00:21:16,240
Speaker 1: happen at the same time, and so we we feel

489
00:21:16,240 --> 00:21:18,240
Speaker 1: that pole that we can't go on vacation, we're gonna

490
00:21:18,280 --> 00:21:20,480
Speaker 1: let our co workers down. We feel the poll that

491
00:21:20,480 --> 00:21:22,680
Speaker 1: we can't take time off or even calling sick because

492
00:21:22,680 --> 00:21:24,480
Speaker 1: there's too much to be done. And the great thing

493
00:21:24,520 --> 00:21:27,159
Speaker 1: about aiming for something like semi retirement is that you

494
00:21:27,200 --> 00:21:29,040
Speaker 1: can cut back, and you can cut back to the

495
00:21:29,040 --> 00:21:32,520
Speaker 1: point that feels reasonable and normal, because, to be honest,

496
00:21:32,760 --> 00:21:35,159
Speaker 1: I would imagine a lot of you feel this pressure

497
00:21:35,200 --> 00:21:36,960
Speaker 1: out there who are listening that you can't miss a

498
00:21:37,040 --> 00:21:39,800
Speaker 1: day and that the demands in your daily job are

499
00:21:39,880 --> 00:21:42,400
Speaker 1: just a lot. And having this kind of goal set

500
00:21:42,400 --> 00:21:45,120
Speaker 1: out to reach something like a state of semi retirement

501
00:21:45,119 --> 00:21:47,680
Speaker 1: where you can make some income from the stuff that

502
00:21:47,720 --> 00:21:50,199
Speaker 1: you care about, uh, and the rest of your income

503
00:21:50,280 --> 00:21:52,840
Speaker 1: is covered because let's say you've invested well in rental

504
00:21:52,840 --> 00:21:55,840
Speaker 1: properties and you have great recurring monthly income from a

505
00:21:55,840 --> 00:21:58,320
Speaker 1: few of those uh, something like that. It kind of

506
00:21:58,400 --> 00:22:00,719
Speaker 1: changes the game and it changes our goal. Is our

507
00:22:00,720 --> 00:22:03,160
Speaker 1: goal is not necessarily to retire from the company we're

508
00:22:03,200 --> 00:22:05,439
Speaker 1: working for at the age of seventy with like a

509
00:22:05,440 --> 00:22:07,480
Speaker 1: gold watch on our risk. But our goal is to

510
00:22:08,040 --> 00:22:10,400
Speaker 1: exit earlier than that and be able to do more

511
00:22:10,480 --> 00:22:12,560
Speaker 1: of what we care about, you know, Joel, I'll go

512
00:22:12,600 --> 00:22:15,439
Speaker 1: ahead and readily admit though that this approach, like the

513
00:22:15,480 --> 00:22:18,240
Speaker 1: semi retired or the partial retired life, might sound a

514
00:22:18,280 --> 00:22:20,520
Speaker 1: little boring to some folks to think that, oh, yeah,

515
00:22:20,640 --> 00:22:23,040
Speaker 1: my goal is to live a standard average American life,

516
00:22:23,040 --> 00:22:25,200
Speaker 1: at least on the service, right, Like, obviously there's much

517
00:22:25,280 --> 00:22:27,639
Speaker 1: different things going on underneath the service when it comes

518
00:22:27,680 --> 00:22:29,800
Speaker 1: to the finances of it. But maybe on the service,

519
00:22:29,800 --> 00:22:31,639
Speaker 1: it's like, oh, he takes his kids to school and

520
00:22:31,680 --> 00:22:33,480
Speaker 1: he works all day and then he picks his kids up, Like,

521
00:22:33,480 --> 00:22:35,320
Speaker 1: how is that that different? I think for a lot

522
00:22:35,320 --> 00:22:37,679
Speaker 1: of folks that might not be very sexy, right, And

523
00:22:37,680 --> 00:22:39,960
Speaker 1: so for those folks. The third approach that time you

524
00:22:40,040 --> 00:22:43,120
Speaker 1: mentioned taking a career intermission. I think that's an incredible

525
00:22:43,119 --> 00:22:45,480
Speaker 1: path and approach if you are more of maybe a

526
00:22:45,560 --> 00:22:47,800
Speaker 1: high octane person, like where you're used to working hard,

527
00:22:47,840 --> 00:22:50,240
Speaker 1: earning a lot of money, but you don't exactly know

528
00:22:50,359 --> 00:22:52,159
Speaker 1: what you want to do with yourself once you achieve

529
00:22:52,200 --> 00:22:56,720
Speaker 1: financial independence. In creating these these intermissions, these sabbaticals throughout

530
00:22:56,760 --> 00:22:58,920
Speaker 1: your career that allows you to take some time off

531
00:22:58,960 --> 00:23:01,200
Speaker 1: and think about what it is that you do truly

532
00:23:01,240 --> 00:23:03,040
Speaker 1: want to do, Like, what is it that I really

533
00:23:03,080 --> 00:23:05,360
Speaker 1: do want to do when I don't have to work anymore,

534
00:23:05,440 --> 00:23:07,359
Speaker 1: when I don't have to clock in every single day.

535
00:23:07,600 --> 00:23:10,119
Speaker 1: Those periods can give you some time to meditate. It's

536
00:23:10,160 --> 00:23:12,680
Speaker 1: like creatively brainstorm, you know, like be creative, like think

537
00:23:12,720 --> 00:23:15,520
Speaker 1: about the things that truly make you happy. Yeah, it's

538
00:23:15,520 --> 00:23:17,320
Speaker 1: a way to kind of enjoy I think the fruit

539
00:23:17,400 --> 00:23:20,880
Speaker 1: of your labor now as opposed to continually saying that

540
00:23:20,920 --> 00:23:23,280
Speaker 1: you're going to do it when you eventually retire. And

541
00:23:23,280 --> 00:23:25,000
Speaker 1: I think for a lot of people, retirement is this

542
00:23:25,240 --> 00:23:27,560
Speaker 1: vague notion pie in the sky thing. I know it's

543
00:23:27,560 --> 00:23:29,840
Speaker 1: gonna happen someday, but why am I saving all this

544
00:23:29,880 --> 00:23:32,639
Speaker 1: money for the time when I'm seventy and not living

545
00:23:32,680 --> 00:23:34,760
Speaker 1: life now? And I think, you know, that's what we

546
00:23:34,840 --> 00:23:37,160
Speaker 1: stress in this show to Matt is Toliver rich life

547
00:23:37,240 --> 00:23:39,840
Speaker 1: now on less money and a career intermission is kind

548
00:23:39,840 --> 00:23:41,520
Speaker 1: of a cool way to do that. And so two

549
00:23:41,560 --> 00:23:44,680
Speaker 1: quick examples. I kind of took one of these really

550
00:23:44,680 --> 00:23:47,119
Speaker 1: really early on in my career. I took three months

551
00:23:47,160 --> 00:23:48,960
Speaker 1: off I had in turned at a radio station, and

552
00:23:49,000 --> 00:23:50,600
Speaker 1: then I got my first job at one and I

553
00:23:50,640 --> 00:23:53,880
Speaker 1: worked there for five months. And it turned out, uh,

554
00:23:53,920 --> 00:23:56,119
Speaker 1: and you got burnout and you're looking for a break, right,

555
00:23:56,640 --> 00:23:59,680
Speaker 1: It wasn't It wasn't quite that bad. It wasn't burnout,

556
00:23:59,720 --> 00:24:03,320
Speaker 1: but just wasn't the right fit for me. In particular,

557
00:24:03,359 --> 00:24:04,920
Speaker 1: I knew that that wasn't a place where I wanted

558
00:24:04,960 --> 00:24:07,680
Speaker 1: to spend any more time, and so I gave plenty

559
00:24:07,720 --> 00:24:09,919
Speaker 1: of notice. But what I ended up doing, I had

560
00:24:09,920 --> 00:24:12,640
Speaker 1: saved five thousand dollars, which was a high savings rate

561
00:24:12,640 --> 00:24:14,920
Speaker 1: for me at making very very little in my first job.

562
00:24:15,160 --> 00:24:17,840
Speaker 1: I'd saved a bunch of money. And I bought a really,

563
00:24:17,880 --> 00:24:21,000
Speaker 1: really old station wagon with my best buddy, Travis. Sorry

564
00:24:21,040 --> 00:24:24,960
Speaker 1: you're my best buddy now, but yeah, old buddy, Yeah yeah,

565
00:24:25,080 --> 00:24:27,440
Speaker 1: still a good friend. Though. We loaded up. We we uh.

566
00:24:27,480 --> 00:24:30,000
Speaker 1: We drove across country for three months. We saw the

567
00:24:30,040 --> 00:24:32,400
Speaker 1: coolest stuff. For instance, we had a beer recently from

568
00:24:32,400 --> 00:24:34,240
Speaker 1: tell Your Ride and I talked about going to tell you.

569
00:24:34,960 --> 00:24:36,879
Speaker 1: I saw so much of the country doing this. It

570
00:24:36,960 --> 00:24:39,800
Speaker 1: was so wonderful and it was worth the thousands of

571
00:24:39,840 --> 00:24:42,480
Speaker 1: dollars I had set aside to travel the country for

572
00:24:42,560 --> 00:24:45,680
Speaker 1: three months. I knew that it was a brief career intermission.

573
00:24:45,680 --> 00:24:47,680
Speaker 1: I knew it wasn't going to be extended, one because

574
00:24:47,680 --> 00:24:49,600
Speaker 1: I didn't have the money to make it an extended one,

575
00:24:49,840 --> 00:24:51,239
Speaker 1: and two because I knew I wanted to get back

576
00:24:51,240 --> 00:24:52,840
Speaker 1: to work. I was young in my career, but I

577
00:24:52,880 --> 00:24:55,320
Speaker 1: knew if I took three months there, that I didn't

578
00:24:55,320 --> 00:24:57,480
Speaker 1: have too long of a gap in my resume, and

579
00:24:57,600 --> 00:25:00,280
Speaker 1: that I could have the most amazing time and see

580
00:25:00,320 --> 00:25:02,880
Speaker 1: the most amazing things that I wouldn't be able to see.

581
00:25:02,880 --> 00:25:04,879
Speaker 1: And then if I waited until I was seventy and

582
00:25:04,920 --> 00:25:08,720
Speaker 1: did the normal thing and funneled that five thousand dollars,

583
00:25:08,760 --> 00:25:10,960
Speaker 1: let's say into my four oh one. K I know

584
00:25:11,040 --> 00:25:13,080
Speaker 1: that's going to grow, and I'm missing out on compounding

585
00:25:13,160 --> 00:25:15,479
Speaker 1: growth and all that stuff, But it wouldn't have been

586
00:25:15,520 --> 00:25:17,960
Speaker 1: the same. And so I would suggest a career intermission

587
00:25:18,040 --> 00:25:20,200
Speaker 1: to lots of folks. For instance, Matt, we had Chad

588
00:25:20,240 --> 00:25:23,280
Speaker 1: Carson on our show about small time real estate investing,

589
00:25:23,280 --> 00:25:25,879
Speaker 1: and he and his family took seventeen months to go

590
00:25:25,920 --> 00:25:29,199
Speaker 1: to Ecuador. That was a career intermission for him. But

591
00:25:29,320 --> 00:25:31,840
Speaker 1: such an amazing experience and so wonderful to hear the

592
00:25:31,840 --> 00:25:34,480
Speaker 1: way he recounts it. And I think a lot of

593
00:25:34,480 --> 00:25:37,640
Speaker 1: people can aim for something like that that seems doable. Right. Yeah,

594
00:25:37,640 --> 00:25:39,600
Speaker 1: I know the benefit of a sort of career intermission

595
00:25:39,600 --> 00:25:41,480
Speaker 1: like that is you're able to prove it to yourself

596
00:25:41,840 --> 00:25:43,720
Speaker 1: that that is actually what you're gonna do. Like you

597
00:25:43,760 --> 00:25:45,679
Speaker 1: said earlier, Joel, like, how there's this pine in the

598
00:25:45,680 --> 00:25:49,400
Speaker 1: sky goal, this lofty pinnacle of financial independence, and once

599
00:25:49,400 --> 00:25:52,680
Speaker 1: I achieve that status, then I'll take the vacations. Then

600
00:25:52,720 --> 00:25:54,119
Speaker 1: I'll do this thing that you know I said I

601
00:25:54,119 --> 00:25:56,919
Speaker 1: was gonna do. But having these sort of breaks in between,

602
00:25:57,280 --> 00:25:59,040
Speaker 1: it really does give you a chance, not only maybe

603
00:25:59,040 --> 00:26:00,480
Speaker 1: to prove it to yourself, but me to prove it

604
00:26:00,520 --> 00:26:03,600
Speaker 1: to your family. If you are just constantly being frugal

605
00:26:03,720 --> 00:26:05,439
Speaker 1: and finding ways to be smart with your money and

606
00:26:05,480 --> 00:26:09,159
Speaker 1: sacrificing now with the promise, oh, someday we're gonna do this,

607
00:26:09,400 --> 00:26:11,040
Speaker 1: or you know, we're gonna do this vacation and it's

608
00:26:11,040 --> 00:26:13,760
Speaker 1: gonna be amazing, or we're gon we're gonna travel the world. Well,

609
00:26:13,840 --> 00:26:15,920
Speaker 1: being able to stop right now and to actually try

610
00:26:15,960 --> 00:26:17,760
Speaker 1: it out and to prove it to yourself that you

611
00:26:17,800 --> 00:26:20,240
Speaker 1: are willing to do it. I think it's huge. It's

612
00:26:20,280 --> 00:26:22,840
Speaker 1: and and it's a huge learning opportunity as well, because

613
00:26:22,880 --> 00:26:24,520
Speaker 1: you might have in your mind that you want to

614
00:26:24,520 --> 00:26:26,439
Speaker 1: do all these things, and you know what, you might

615
00:26:26,480 --> 00:26:28,640
Speaker 1: try it for six months and you may not like it,

616
00:26:28,960 --> 00:26:31,160
Speaker 1: and all of a sudden, you know, your cheese is moved.

617
00:26:31,200 --> 00:26:33,040
Speaker 1: What's my new goal? If that's no longer what you're

618
00:26:33,040 --> 00:26:35,320
Speaker 1: seeking after? What is your new goal? What what is

619
00:26:35,359 --> 00:26:37,480
Speaker 1: the new thing that you're gonna strive after? Because there's

620
00:26:37,480 --> 00:26:39,600
Speaker 1: a huge paradign shift that's just happened. I feel like

621
00:26:39,640 --> 00:26:41,359
Speaker 1: you're giving a mouse Trappic reference here. Well there's a

622
00:26:41,359 --> 00:26:43,400
Speaker 1: book as well where it's, uh, you know who moved

623
00:26:43,400 --> 00:26:45,240
Speaker 1: my cheese? And it's all about goal setting and figuring

624
00:26:45,240 --> 00:26:47,639
Speaker 1: out what it is that you're actually seeking after. And

625
00:26:47,640 --> 00:26:49,760
Speaker 1: I'm just kind of touching on that briefly, but like,

626
00:26:49,800 --> 00:26:52,440
Speaker 1: that's what's happening when it comes time to taking those

627
00:26:52,480 --> 00:26:54,280
Speaker 1: breaks and if you realize that you're not cut out

628
00:26:54,320 --> 00:26:56,200
Speaker 1: for that sort of lifestyle, well you need to figure

629
00:26:56,240 --> 00:26:58,920
Speaker 1: out what will truly motivate you. And so after the break,

630
00:26:58,960 --> 00:27:00,720
Speaker 1: we're gonna get to sort of the way that you

631
00:27:00,760 --> 00:27:03,080
Speaker 1: think about work and how that can change your attitudes

632
00:27:03,200 --> 00:27:05,040
Speaker 1: right now, as well as the steps that you can

633
00:27:05,080 --> 00:27:08,000
Speaker 1: take to start working down that path towards working less

634
00:27:08,040 --> 00:27:19,400
Speaker 1: in your life. All right, Matt, we're back and today

635
00:27:19,400 --> 00:27:21,639
Speaker 1: we're talking about making work a smaller part of your life.

636
00:27:21,840 --> 00:27:24,439
Speaker 1: And it's kind of funny how when you start to

637
00:27:24,440 --> 00:27:26,879
Speaker 1: think about work in a different way and creating a

638
00:27:26,920 --> 00:27:30,000
Speaker 1: financial support system to make sure that work isn't the

639
00:27:30,080 --> 00:27:32,159
Speaker 1: end all be all, how it can actually make the

640
00:27:32,200 --> 00:27:35,399
Speaker 1: outlook on your current work change the current job that

641
00:27:35,440 --> 00:27:37,840
Speaker 1: you're doing right now and the way that you view

642
00:27:37,920 --> 00:27:39,879
Speaker 1: it when you walk into work at nine am on

643
00:27:39,880 --> 00:27:41,959
Speaker 1: a Monday, or you know, whatever your schedule is. It's

644
00:27:42,000 --> 00:27:45,359
Speaker 1: amazing how having your financial ground game together can change

645
00:27:45,400 --> 00:27:48,400
Speaker 1: everything in that way. Yeah, so when you are financially stable,

646
00:27:48,640 --> 00:27:51,119
Speaker 1: that power dynamic, but you know, and your options like

647
00:27:51,160 --> 00:27:53,800
Speaker 1: that changes. When you don't need to have your job anymore,

648
00:27:53,840 --> 00:27:55,680
Speaker 1: you have that confidence to ask for what you want

649
00:27:55,800 --> 00:27:57,800
Speaker 1: and time you mentioned, you know, working on projects that

650
00:27:57,880 --> 00:28:00,560
Speaker 1: you really care about or advocating for it is under you.

651
00:28:00,600 --> 00:28:02,159
Speaker 1: Like those that work for you, you can work for

652
00:28:02,200 --> 00:28:04,879
Speaker 1: better options for them. Man, it just gets me pumped, right,

653
00:28:04,920 --> 00:28:07,080
Speaker 1: What an incredible way to put together a team where

654
00:28:07,119 --> 00:28:09,159
Speaker 1: you can fight for not only your own pay and

655
00:28:09,200 --> 00:28:11,320
Speaker 1: your own salary, but but those who are working on

656
00:28:11,359 --> 00:28:13,400
Speaker 1: your team. You know, and you can't do that if

657
00:28:13,400 --> 00:28:14,960
Speaker 1: you're in a position of weakness when it comes to

658
00:28:14,960 --> 00:28:17,680
Speaker 1: your own finances. When you're set financially and not set

659
00:28:17,680 --> 00:28:19,040
Speaker 1: as in you can retire. But you know, when you

660
00:28:19,080 --> 00:28:21,960
Speaker 1: have some margin there, when you are in a healthy position,

661
00:28:22,280 --> 00:28:24,240
Speaker 1: you can go to bat. You can make these requests.

662
00:28:24,640 --> 00:28:28,000
Speaker 1: And yeah, certainly that power dynamic has completely flipped. Yeah. Man,

663
00:28:28,040 --> 00:28:29,879
Speaker 1: I think when you have a decent amount of savings

664
00:28:29,920 --> 00:28:33,080
Speaker 1: built up, when you have started investing well and you

665
00:28:33,160 --> 00:28:35,600
Speaker 1: kind of begin to see your net worth kind of

666
00:28:36,160 --> 00:28:39,280
Speaker 1: boy a little bit, right, it grows. It gives you

667
00:28:39,320 --> 00:28:43,640
Speaker 1: that confidence to one I feel like, ask for pay

668
00:28:43,760 --> 00:28:46,560
Speaker 1: according to what you're worth. It gives you the ability

669
00:28:46,640 --> 00:28:49,200
Speaker 1: to be a little more bold in the request that

670
00:28:49,240 --> 00:28:50,880
Speaker 1: you make when it comes to how you spend your

671
00:28:50,880 --> 00:28:52,920
Speaker 1: time at work. And I feel like also it gives

672
00:28:52,920 --> 00:28:55,880
Speaker 1: you the opportunity to kind of explore ways that you

673
00:28:55,920 --> 00:28:58,120
Speaker 1: can be more creative in your job that might benefit

674
00:28:58,120 --> 00:29:00,360
Speaker 1: your employer, but that you've been nervous to ask about.

675
00:29:00,560 --> 00:29:03,560
Speaker 1: To to use your skills in kind of a different way.

676
00:29:03,840 --> 00:29:06,959
Speaker 1: I think your whole outlook on work changes, not just

677
00:29:07,080 --> 00:29:10,440
Speaker 1: from the potential fear of hearing that the business that

678
00:29:10,480 --> 00:29:12,720
Speaker 1: you work for is closing its doors or selling to

679
00:29:13,240 --> 00:29:15,960
Speaker 1: another business, or if the economy takes a nose dive,

680
00:29:16,040 --> 00:29:18,120
Speaker 1: you know your job might be at risk. It certainly

681
00:29:18,120 --> 00:29:20,360
Speaker 1: helps you in those scenarios as well, but it helps

682
00:29:20,360 --> 00:29:22,200
Speaker 1: you in the day to day to figure out, you know,

683
00:29:22,240 --> 00:29:24,920
Speaker 1: how you can hone in on making your current job

684
00:29:24,960 --> 00:29:27,160
Speaker 1: a little more of what you actually wanted to be

685
00:29:27,560 --> 00:29:30,240
Speaker 1: versus just going in and getting the work done. And

686
00:29:30,280 --> 00:29:33,200
Speaker 1: so I think, yeah, your savings has an impact on

687
00:29:33,360 --> 00:29:35,280
Speaker 1: what your job looks like right now, which is kind

688
00:29:35,280 --> 00:29:37,080
Speaker 1: of cool where even if you're in a situation man

689
00:29:37,160 --> 00:29:39,120
Speaker 1: like I am, where I'm self employed, I don't have

690
00:29:39,160 --> 00:29:40,800
Speaker 1: a boss, you know, I am my own boss. Like

691
00:29:40,800 --> 00:29:42,880
Speaker 1: there isn't that omniscient being where you're kind of going

692
00:29:42,880 --> 00:29:45,560
Speaker 1: to battle against like Tanya mentioned, but there's even still

693
00:29:45,600 --> 00:29:48,240
Speaker 1: a similar dynamic when you have enough savings set aside,

694
00:29:48,480 --> 00:29:50,800
Speaker 1: you can take risks when you see an opportunity and

695
00:29:50,880 --> 00:29:53,280
Speaker 1: something that might be perceived as slightly more risky, well

696
00:29:53,320 --> 00:29:55,560
Speaker 1: that's something that you can go for or even if

697
00:29:55,600 --> 00:29:57,880
Speaker 1: it's as simple as raising your rates. So I know

698
00:29:57,920 --> 00:29:59,640
Speaker 1: in the past, when Kate and I were considering raising

699
00:29:59,640 --> 00:30:02,440
Speaker 1: our rates, if we weren't in a healthy position financially,

700
00:30:02,760 --> 00:30:05,840
Speaker 1: that would have been a much scarier proposition because we

701
00:30:05,880 --> 00:30:08,239
Speaker 1: would have been asking ourselves, well, what if no one

702
00:30:08,320 --> 00:30:10,320
Speaker 1: hires us? What if the what if the emails start

703
00:30:10,400 --> 00:30:12,080
Speaker 1: drying up? And then these are fears that you kind

704
00:30:12,080 --> 00:30:13,960
Speaker 1: of have regardless when you own your own business, But

705
00:30:14,000 --> 00:30:16,200
Speaker 1: you know what, those things are amplified when you are

706
00:30:16,240 --> 00:30:18,600
Speaker 1: in a position of weakness when it comes to your finances.

707
00:30:18,840 --> 00:30:21,560
Speaker 1: And when you're in a position of strength, you feel courage.

708
00:30:21,800 --> 00:30:23,400
Speaker 1: You know, you have a little bit of runway there

709
00:30:23,480 --> 00:30:25,520
Speaker 1: to try something new, You have a little bit of

710
00:30:25,680 --> 00:30:27,600
Speaker 1: cushion to kind of fall back on in case things

711
00:30:27,680 --> 00:30:29,880
Speaker 1: don't quite work out. Yeah. I love what Tanya said

712
00:30:29,920 --> 00:30:31,840
Speaker 1: that once she and her husband had built up that

713
00:30:31,880 --> 00:30:33,840
Speaker 1: one year mark, you know, getting to that one year

714
00:30:33,880 --> 00:30:35,760
Speaker 1: mark of savings, And I don't even think you have

715
00:30:35,840 --> 00:30:38,920
Speaker 1: to get to that extent. If you have three months

716
00:30:38,960 --> 00:30:42,040
Speaker 1: worth of savings, that can be huge in the mental

717
00:30:42,040 --> 00:30:45,120
Speaker 1: battle of how you approach your daily job. But the

718
00:30:45,160 --> 00:30:46,720
Speaker 1: fact that you know Tanya is at this point where

719
00:30:46,760 --> 00:30:49,280
Speaker 1: she's financially independent, but even just getting to that one

720
00:30:49,360 --> 00:30:52,760
Speaker 1: year mark was this big mental sigh of relief that

721
00:30:52,880 --> 00:30:54,920
Speaker 1: she said, you know what, I can approach my work

722
00:30:54,960 --> 00:30:57,080
Speaker 1: in a completely different manner. Now I can make it

723
00:30:57,080 --> 00:30:59,160
Speaker 1: more of what I wanted to be. And I felt

724
00:30:59,200 --> 00:31:02,920
Speaker 1: the same thing at different small points along my career

725
00:31:02,960 --> 00:31:05,400
Speaker 1: path that when I had a certain amount of income

726
00:31:05,640 --> 00:31:08,920
Speaker 1: coming in from rental properties that assured me that I

727
00:31:08,920 --> 00:31:12,600
Speaker 1: could cover some extremely basic needs, it made me think, Okay, cool, Well,

728
00:31:12,640 --> 00:31:14,240
Speaker 1: I love my job. I want to keep going, but

729
00:31:14,280 --> 00:31:17,200
Speaker 1: I feel like I can ask for more responsibility or

730
00:31:17,280 --> 00:31:19,760
Speaker 1: more money, or an ability to take on something that

731
00:31:19,840 --> 00:31:22,760
Speaker 1: I wasn't previously allowed to take on, or a team

732
00:31:22,800 --> 00:31:24,960
Speaker 1: that I wasn't on before. It just gave me that

733
00:31:25,040 --> 00:31:27,680
Speaker 1: ability to ask, and I think I wouldn't have done

734
00:31:27,720 --> 00:31:30,520
Speaker 1: that if I had not had some of that financial

735
00:31:30,560 --> 00:31:33,760
Speaker 1: security coming from somewhere else. Awesome, Joel, I'm glad you

736
00:31:33,840 --> 00:31:35,840
Speaker 1: kind of are gravitating towards that one year thing, right,

737
00:31:36,040 --> 00:31:38,880
Speaker 1: because I see that as an amazing stepping stone towards

738
00:31:38,960 --> 00:31:43,120
Speaker 1: financial independence, Because honestly, as great as financial independence can

739
00:31:43,160 --> 00:31:45,840
Speaker 1: be for somebody, it is such this large, massive thing,

740
00:31:46,160 --> 00:31:48,480
Speaker 1: and it's really hard to identify exactly how much do

741
00:31:48,520 --> 00:31:50,640
Speaker 1: you really need and what's the market going to be

742
00:31:50,640 --> 00:31:53,400
Speaker 1: doing down the road, and there's just a lot of considerations,

743
00:31:53,680 --> 00:31:56,080
Speaker 1: so where it's this really fuzzy thing that you can't

744
00:31:56,160 --> 00:31:59,000
Speaker 1: quite grasp. But you know what, it is very easy

745
00:31:59,000 --> 00:32:01,720
Speaker 1: to figure out what you're annual expenses are. Just look

746
00:32:01,760 --> 00:32:04,520
Speaker 1: at last year, you know, and you can quantify exactly

747
00:32:04,520 --> 00:32:06,400
Speaker 1: how much it's gonna take to live for a year.

748
00:32:06,720 --> 00:32:08,440
Speaker 1: And because of that, it's a very clear goal. And

749
00:32:08,440 --> 00:32:11,080
Speaker 1: we all know that clear, identifiable goals are going to

750
00:32:11,080 --> 00:32:14,000
Speaker 1: be able to be achievable, right, And so I love

751
00:32:14,080 --> 00:32:16,280
Speaker 1: that she felt that power shift even when she did

752
00:32:16,320 --> 00:32:19,200
Speaker 1: have that one year's worth of expenses saved up. I

753
00:32:19,240 --> 00:32:22,560
Speaker 1: love that it's measurable and it's attainable, whereas financial independence

754
00:32:22,560 --> 00:32:25,680
Speaker 1: can sometimes feel like this massive elephant. Well, that first

755
00:32:25,720 --> 00:32:28,080
Speaker 1: one year's worth of expenses like that's that first bite

756
00:32:28,080 --> 00:32:30,560
Speaker 1: of that elephant. And I think that's an incredible goal

757
00:32:30,560 --> 00:32:32,520
Speaker 1: for folks to have. Just don't bite an elephant. They

758
00:32:32,560 --> 00:32:35,640
Speaker 1: can really upset. And yeah, it's awkward, but let's talk

759
00:32:35,640 --> 00:32:38,560
Speaker 1: about the how two's matt When we are trying to

760
00:32:38,640 --> 00:32:40,880
Speaker 1: kind of get started, and we've got, of course, just

761
00:32:41,000 --> 00:32:43,400
Speaker 1: a lot of previous episodes where we tackle a lot

762
00:32:43,440 --> 00:32:46,000
Speaker 1: of specifics when it comes to cutting your monthly bills,

763
00:32:46,160 --> 00:32:49,600
Speaker 1: saving on your cell phone plan. That's what this podcast is, right, Yeah,

764
00:32:49,680 --> 00:32:51,480
Speaker 1: a lot of those nuts and bolts, right, And this

765
00:32:51,560 --> 00:32:54,160
Speaker 1: is kind of a little higher level, like we're thinking,

766
00:32:54,760 --> 00:32:56,520
Speaker 1: we're trying to reframe the way that we view work

767
00:32:56,560 --> 00:32:59,120
Speaker 1: and how can we actually make it where we are

768
00:32:59,160 --> 00:33:01,360
Speaker 1: able to work less our lives and not just when

769
00:33:01,400 --> 00:33:03,160
Speaker 1: we hit the age of seventy. So, Matt, how do

770
00:33:03,200 --> 00:33:05,560
Speaker 1: we practically start to change some things so that we

771
00:33:05,560 --> 00:33:08,400
Speaker 1: can actually start heading down that path towards making work

772
00:33:08,440 --> 00:33:10,360
Speaker 1: a little more optional in our lives. Yeah, well, before

773
00:33:10,360 --> 00:33:11,880
Speaker 1: you get too into the nuts and bolts of it,

774
00:33:11,960 --> 00:33:13,760
Speaker 1: she still starts out pretty big, and she says to

775
00:33:13,880 --> 00:33:16,440
Speaker 1: start by mapping out your ideal life. Again, this kind

776
00:33:16,440 --> 00:33:18,360
Speaker 1: of goes back to the whole idea of thinking about

777
00:33:18,400 --> 00:33:21,960
Speaker 1: retirement that can be so overwhelming because you don't exactly

778
00:33:22,000 --> 00:33:24,040
Speaker 1: know what you want to do in retirement, but instead

779
00:33:24,160 --> 00:33:26,520
Speaker 1: map out your ideal life. And for me, what that

780
00:33:26,600 --> 00:33:28,640
Speaker 1: means is starting with like what do I want my

781
00:33:28,720 --> 00:33:30,960
Speaker 1: days to look like? Because Once you can start identifying

782
00:33:30,960 --> 00:33:32,320
Speaker 1: what you want your days to look like, well, then

783
00:33:32,320 --> 00:33:34,520
Speaker 1: you can start putting your weeks together. Weeks, you know,

784
00:33:34,600 --> 00:33:36,720
Speaker 1: lead to years, and all of a sudden, you have

785
00:33:36,760 --> 00:33:39,000
Speaker 1: an ideal life in your mind that you're trying to

786
00:33:39,080 --> 00:33:42,040
Speaker 1: design like a lot of this comes down to designing

787
00:33:42,080 --> 00:33:43,800
Speaker 1: what you want your life to look like and being

788
00:33:43,800 --> 00:33:47,560
Speaker 1: intentional and proactive with your own life. And for most

789
00:33:47,600 --> 00:33:50,840
Speaker 1: of us, a certain amount of our life is when

790
00:33:50,840 --> 00:33:52,640
Speaker 1: we do map out what our ideal life looks like,

791
00:33:52,720 --> 00:33:55,000
Speaker 1: is gonna look kind of like work. It's gonna look

792
00:33:55,040 --> 00:33:58,600
Speaker 1: like something like writing or serving other people, and there

793
00:33:58,600 --> 00:33:59,880
Speaker 1: are ways that you can do that right in the

794
00:34:00,000 --> 00:34:03,040
Speaker 1: more profit and the nonprofit sector of our society for sure.

795
00:34:03,320 --> 00:34:05,360
Speaker 1: Just know that this is not an effort. While you're

796
00:34:05,360 --> 00:34:08,680
Speaker 1: mapping out your ideal life to probably just binge watch

797
00:34:08,760 --> 00:34:11,600
Speaker 1: Netflix eight hours a day, it is likely going to

798
00:34:11,920 --> 00:34:15,719
Speaker 1: look like some amount of doing something productive. And that's

799
00:34:15,760 --> 00:34:17,959
Speaker 1: why we're not saying the goal is to get away

800
00:34:17,960 --> 00:34:20,120
Speaker 1: from work. It is truly just to make work a

801
00:34:20,120 --> 00:34:22,560
Speaker 1: little more optional in your life, not to kind of

802
00:34:22,560 --> 00:34:24,600
Speaker 1: get rid of it all together. The next step, then,

803
00:34:24,600 --> 00:34:27,560
Speaker 1: and how to, is to get tactical track you're spending,

804
00:34:27,719 --> 00:34:29,759
Speaker 1: and Matt, we have mentioned that before. It's such a

805
00:34:29,800 --> 00:34:32,360
Speaker 1: crucial part of starting to get your money game together.

806
00:34:32,640 --> 00:34:34,040
Speaker 1: Even if you feel like you do have a good

807
00:34:34,040 --> 00:34:36,600
Speaker 1: savings rate, but you want to get to a place

808
00:34:36,600 --> 00:34:39,560
Speaker 1: where work is a little more optional more quickly, Well,

809
00:34:39,600 --> 00:34:41,480
Speaker 1: you need to track your spending. You need to know

810
00:34:41,560 --> 00:34:44,719
Speaker 1: what's incoming, what's outgoing, because there might be auto pay

811
00:34:44,760 --> 00:34:47,480
Speaker 1: bills or ways that you're spending your money that don't

812
00:34:47,520 --> 00:34:50,000
Speaker 1: necessarily align with your goals and that are preventing you

813
00:34:50,080 --> 00:34:52,759
Speaker 1: from making work a smaller part of your life. And

814
00:34:52,800 --> 00:34:54,920
Speaker 1: that might be a bigger goal that you have that

815
00:34:55,000 --> 00:34:56,680
Speaker 1: seems like it's going to take longer than you want

816
00:34:56,680 --> 00:34:59,560
Speaker 1: it to, and that's probably because you're not tracking your

817
00:34:59,560 --> 00:35:01,759
Speaker 1: spending very well. And so that is one way to

818
00:35:02,040 --> 00:35:04,319
Speaker 1: start in order to kind of find out how much

819
00:35:04,360 --> 00:35:05,840
Speaker 1: you need to save in order to make this a

820
00:35:05,880 --> 00:35:09,040
Speaker 1: possibility and in what time frame schedule and that time frame,

821
00:35:09,120 --> 00:35:11,720
Speaker 1: like that's so incredibly important, right because you are trying

822
00:35:11,760 --> 00:35:15,160
Speaker 1: to achieve something within a set number of years most likely,

823
00:35:15,560 --> 00:35:18,080
Speaker 1: and what you're looking at is performance. And so I'm

824
00:35:18,120 --> 00:35:20,279
Speaker 1: gonna analogy I'm gonna use is like running sure you

825
00:35:20,320 --> 00:35:22,440
Speaker 1: can go run because you want to stay fit. You

826
00:35:22,600 --> 00:35:25,640
Speaker 1: enjoy it, fresh air, stress, relief, right, all the different

827
00:35:25,640 --> 00:35:28,360
Speaker 1: things that comes with running. But if you have identified

828
00:35:28,360 --> 00:35:30,600
Speaker 1: a goal and say with for running, maybe that's running

829
00:35:30,640 --> 00:35:32,279
Speaker 1: like it's in k and forty five minutes or something,

830
00:35:32,640 --> 00:35:34,800
Speaker 1: you start timing yourself if you're going to run, because

831
00:35:34,960 --> 00:35:36,759
Speaker 1: if that's the goal you're trying to achieve, you can't

832
00:35:36,760 --> 00:35:39,560
Speaker 1: just run willy nilly and expect to maybe hit that. Well,

833
00:35:39,640 --> 00:35:41,719
Speaker 1: sure you might if you run hard enough, but if

834
00:35:41,760 --> 00:35:43,640
Speaker 1: you don't have those numbers, if you aren't able to

835
00:35:43,760 --> 00:35:45,879
Speaker 1: quantify it, well, you don't really know where you are

836
00:35:45,920 --> 00:35:47,799
Speaker 1: before you get to that point. And guess what, if

837
00:35:47,800 --> 00:35:50,360
Speaker 1: you're looking at retirement or semi retirement, you need to

838
00:35:50,360 --> 00:35:53,000
Speaker 1: know the numbers. You have to know what your expenses are,

839
00:35:53,040 --> 00:35:54,640
Speaker 1: you have to know how much money you've saved up

840
00:35:54,680 --> 00:35:57,000
Speaker 1: until that point, because from there you can make confident

841
00:35:57,080 --> 00:35:59,520
Speaker 1: decisions based on the numbers that you've been tracking. Yeah,

842
00:35:59,560 --> 00:36:01,960
Speaker 1: and one of the practical tips that Tany gave that

843
00:36:02,000 --> 00:36:04,960
Speaker 1: I think is so freaking helpful for people is to

844
00:36:05,040 --> 00:36:08,080
Speaker 1: automate it. To start splitting your paycheck maybe and taking

845
00:36:09,120 --> 00:36:12,520
Speaker 1: of that and having it automatically funneled into another savings

846
00:36:12,520 --> 00:36:15,960
Speaker 1: account that you don't really think about basically paying yourself first,

847
00:36:16,160 --> 00:36:18,920
Speaker 1: and a forced method of that is to automate it.

848
00:36:19,160 --> 00:36:21,360
Speaker 1: Most of us, once the money hits our bank account,

849
00:36:21,560 --> 00:36:24,359
Speaker 1: we are not very good at parsing it out and

850
00:36:24,440 --> 00:36:28,480
Speaker 1: funneling it towards our retirement accounts, and so finding ways

851
00:36:28,520 --> 00:36:30,919
Speaker 1: to make it easy and to prevent yourself from even

852
00:36:30,960 --> 00:36:34,600
Speaker 1: touching it in the first place is huge. Broadly speaking,

853
00:36:34,640 --> 00:36:36,600
Speaker 1: on this show, every week we we were either talking

854
00:36:36,719 --> 00:36:39,520
Speaker 1: larger concepts like this where we're broadly sort of thinking

855
00:36:39,560 --> 00:36:42,400
Speaker 1: about money differently, or we're diving into the nuts and bolts,

856
00:36:42,440 --> 00:36:44,439
Speaker 1: right We're like, we're finding ways to widen that gap

857
00:36:44,480 --> 00:36:47,480
Speaker 1: between what you're earning and what's going out your expenses,

858
00:36:47,960 --> 00:36:49,959
Speaker 1: and then with that difference of money between your income

859
00:36:49,960 --> 00:36:52,320
Speaker 1: and your expenses, making sure that you are investing that money,

860
00:36:52,360 --> 00:36:54,799
Speaker 1: that you're allowing that money to grow into the full

861
00:36:54,840 --> 00:36:56,880
Speaker 1: potential of what it could be by the time you

862
00:36:56,960 --> 00:37:00,000
Speaker 1: do reach retirement, regardless of what type of retirement you're

863
00:37:00,000 --> 00:37:03,120
Speaker 1: seeking after, whether that is full on early retirement or

864
00:37:03,160 --> 00:37:05,440
Speaker 1: you're considering, you know, a partial sort of retirement that

865
00:37:05,480 --> 00:37:07,600
Speaker 1: would allow you to switch to some work that you

866
00:37:07,640 --> 00:37:09,920
Speaker 1: would find more fulfilling. So, Matt, I feel like, actually,

867
00:37:09,960 --> 00:37:11,279
Speaker 1: kind of what we're going through right now are kind

868
00:37:11,280 --> 00:37:13,239
Speaker 1: of our final thoughts. Those are our final thoughts by

869
00:37:13,360 --> 00:37:15,840
Speaker 1: by default, right. So one last thing I wanted to

870
00:37:15,840 --> 00:37:19,640
Speaker 1: say though, was that it's really important to at least

871
00:37:19,719 --> 00:37:22,680
Speaker 1: save just enough to give you that extra boldness to

872
00:37:22,760 --> 00:37:25,560
Speaker 1: know that if something does happen at your work or

873
00:37:25,600 --> 00:37:28,040
Speaker 1: in your own business that you owned and run, uh

874
00:37:28,080 --> 00:37:30,959
Speaker 1: that if if you have a bad month or your

875
00:37:31,040 --> 00:37:34,279
Speaker 1: employer does have a round of layoffs, that you're not

876
00:37:34,680 --> 00:37:38,800
Speaker 1: completely nervous because you have no level of financial stability.

877
00:37:38,920 --> 00:37:41,279
Speaker 1: So get started and save enough to make sure you

878
00:37:41,360 --> 00:37:44,239
Speaker 1: have a certain level of confidence and boldness to be

879
00:37:44,280 --> 00:37:46,520
Speaker 1: able to make decisions that are going to benefit you

880
00:37:46,560 --> 00:37:48,600
Speaker 1: in the long run. That is how you're gonna be

881
00:37:48,640 --> 00:37:50,720
Speaker 1: able to make work a smaller part of your life,

882
00:37:51,040 --> 00:37:53,560
Speaker 1: maybe now, maybe in the near term. But it also

883
00:37:53,600 --> 00:37:54,799
Speaker 1: gives you that kind of light at the end of

884
00:37:54,800 --> 00:37:57,120
Speaker 1: the tunnel that you don't have to work like most

885
00:37:57,160 --> 00:38:00,480
Speaker 1: Americans do so much of their work week can assistantly

886
00:38:00,719 --> 00:38:02,560
Speaker 1: you can actually cut back and spend more time on

887
00:38:02,600 --> 00:38:04,720
Speaker 1: the things that are more meaningful to you. That's Rachel.

888
00:38:04,840 --> 00:38:07,280
Speaker 1: Let's now go ahead and get back to our beer

889
00:38:07,400 --> 00:38:11,080
Speaker 1: this week, which was the Quadra Hopic series. I p

890
00:38:11,239 --> 00:38:13,799
Speaker 1: a thanks again to Kayla for sending us this beer.

891
00:38:14,000 --> 00:38:16,680
Speaker 1: It's got four different hops. This is getting kind of nerdy,

892
00:38:16,800 --> 00:38:22,680
Speaker 1: but I love the names of the different hots. Dude, Columbus, Simcoe, Amarillo, Chinook.

893
00:38:23,440 --> 00:38:25,080
Speaker 1: They're all hops, but they all they've all got like

894
00:38:25,080 --> 00:38:27,080
Speaker 1: the different cool names, and I like seeing them all

895
00:38:27,080 --> 00:38:28,560
Speaker 1: written here on this can. Yeah, and they've all got

896
00:38:28,560 --> 00:38:30,239
Speaker 1: different flavors. So I was at a bar the other

897
00:38:30,320 --> 00:38:32,719
Speaker 1: night and I had a single hot beer and it

898
00:38:32,800 --> 00:38:36,520
Speaker 1: was really interesting because you really do taste like, for

899
00:38:36,520 --> 00:38:40,200
Speaker 1: for instance, this beer Quadropic, four hops from Land Grant Brewing.

900
00:38:40,239 --> 00:38:42,399
Speaker 1: By the way, this beer was really cool. It had

901
00:38:42,480 --> 00:38:45,120
Speaker 1: flavor notes from each one of the hops. I'm certainly

902
00:38:45,120 --> 00:38:47,640
Speaker 1: not an expert enough in hops to know what each

903
00:38:47,640 --> 00:38:50,879
Speaker 1: one tastes like, but it was really interesting. Yeah, yeah,

904
00:38:51,000 --> 00:38:52,600
Speaker 1: we'll get there. I want to get that good someday.

905
00:38:52,680 --> 00:38:54,440
Speaker 1: We will. But yeah, I had one the other day,

906
00:38:54,440 --> 00:38:55,799
Speaker 1: like I said, that was a single hop and it

907
00:38:55,840 --> 00:38:58,560
Speaker 1: was really fascinating to taste that one and see what

908
00:38:58,680 --> 00:39:01,000
Speaker 1: the flavor profile of that one hop was. And I

909
00:39:01,000 --> 00:39:02,279
Speaker 1: feel like I got to know that hop a little

910
00:39:02,320 --> 00:39:06,360
Speaker 1: bit and it was yeah, kind of intimately nice, just

911
00:39:06,400 --> 00:39:09,000
Speaker 1: a one on one you and that hop exactly. Yeah,

912
00:39:09,080 --> 00:39:11,440
Speaker 1: So it's cool. And this this beer, the Quadra Hopic

913
00:39:11,719 --> 00:39:14,000
Speaker 1: series I p A from Lame Grant was was really nice.

914
00:39:14,040 --> 00:39:16,080
Speaker 1: So I enjoyed getting to know the four hops at

915
00:39:16,080 --> 00:39:18,560
Speaker 1: one time. To me, this one drink more like a

916
00:39:18,600 --> 00:39:20,160
Speaker 1: West Coast I p A kind of had more of

917
00:39:20,200 --> 00:39:23,560
Speaker 1: that sort of great fruit bitterness going on, where's delicious

918
00:39:23,560 --> 00:39:25,680
Speaker 1: and juicy, but at the same time it drinks like

919
00:39:25,719 --> 00:39:28,200
Speaker 1: pretty dry, which is which is a nice change of base.

920
00:39:28,239 --> 00:39:30,200
Speaker 1: We've been drinking a lot more the New England style

921
00:39:30,239 --> 00:39:32,880
Speaker 1: I p A s lately, where it's very cloudy and juicy.

922
00:39:32,920 --> 00:39:35,040
Speaker 1: It's almost like you're drinking orange juice. It's good to

923
00:39:35,040 --> 00:39:36,640
Speaker 1: go back to more of a West Coast I p

924
00:39:36,800 --> 00:39:39,680
Speaker 1: A and to enjoy one here that's a little more traditional, Yeah,

925
00:39:39,680 --> 00:39:41,960
Speaker 1: but still lots of happy goodness. All right, And since

926
00:39:41,960 --> 00:39:43,799
Speaker 1: we already did our final thoughts, Matt let's piece out

927
00:39:43,800 --> 00:39:46,480
Speaker 1: of this episode, all right, Thanks again to Tanya for

928
00:39:46,520 --> 00:39:48,160
Speaker 1: coming on the show. We really appreciate it. If you

929
00:39:48,160 --> 00:39:50,040
Speaker 1: want to find out more about her work, you can

930
00:39:50,080 --> 00:39:52,719
Speaker 1: check out her blog Our Next life dot com and

931
00:39:52,760 --> 00:39:55,160
Speaker 1: you can check out her new book Work Optional and Matt.

932
00:39:55,200 --> 00:39:57,680
Speaker 1: We're going to give away four copies of this book.

933
00:39:58,000 --> 00:40:00,120
Speaker 1: All you have to do to enter in for this

934
00:40:00,200 --> 00:40:03,520
Speaker 1: book giveaway is to leave a review on Apple Podcasts

935
00:40:03,800 --> 00:40:05,560
Speaker 1: and if you're not an Apple user, you can leave

936
00:40:05,560 --> 00:40:08,200
Speaker 1: a review on Stitcher. Either way, that's totally cool, and

937
00:40:08,239 --> 00:40:10,960
Speaker 1: then just send us an email at how to Money

938
00:40:11,000 --> 00:40:13,799
Speaker 1: pod at gmail dot com with the user name that

939
00:40:13,800 --> 00:40:15,920
Speaker 1: you left your review under, will enter you in and

940
00:40:15,960 --> 00:40:18,360
Speaker 1: give away some of these copies this coming week. Just

941
00:40:18,440 --> 00:40:21,400
Speaker 1: make sure to send us that email by Friday afternoon.

942
00:40:21,400 --> 00:40:24,200
Speaker 1: We'll close off the entries Friday at five o'clock. As always,

943
00:40:24,239 --> 00:40:25,920
Speaker 1: you can find our show notes up on our website

944
00:40:25,960 --> 00:40:28,280
Speaker 1: to all of our episodes at how to money dot com.

945
00:40:28,320 --> 00:40:31,799
Speaker 1: And until next time, Man, Best Friends Out, Best Friends Out,