1 00:00:00,120 --> 00:00:02,320 Speaker 1: Welcome to How the Money. I'm Joel and I in 2 00:00:02,480 --> 00:00:07,040 Speaker 1: Matt and today we're discussing annoying tipping trends, dumb our mortgages, 3 00:00:07,360 --> 00:00:29,920 Speaker 1: and family plans forever. I like the title of today's 4 00:00:29,920 --> 00:00:32,320 Speaker 1: episode maybe a little bit more than that our typical 5 00:00:32,360 --> 00:00:34,959 Speaker 1: Friday flight, but this is our Friday flight, and we've 6 00:00:35,000 --> 00:00:38,320 Speaker 1: got several different stories to get to from this week, 7 00:00:38,680 --> 00:00:40,960 Speaker 1: and specifically we're gonna talk about how they impact your 8 00:00:41,000 --> 00:00:44,960 Speaker 1: personal finances. Joel, We've we talked last week cal with 9 00:00:45,000 --> 00:00:47,919 Speaker 1: the Fed raising the overnight lending interest rate, how we're 10 00:00:47,920 --> 00:00:50,720 Speaker 1: going to see the impacts of that in lots of 11 00:00:50,840 --> 00:00:52,760 Speaker 1: areas of our life. Like we've already seen mortgage rates 12 00:00:52,800 --> 00:00:55,360 Speaker 1: start to creep up, we're also gonna see the rates 13 00:00:55,400 --> 00:00:58,279 Speaker 1: go on like skyrock skyrocket. Yeah, but we're gonna see 14 00:00:58,280 --> 00:01:00,960 Speaker 1: an impact when it comes to student loans as well. 15 00:01:01,200 --> 00:01:03,120 Speaker 1: And we talked about last week how it might be 16 00:01:03,200 --> 00:01:05,360 Speaker 1: a great time for you to refinance if this is 17 00:01:05,360 --> 00:01:08,960 Speaker 1: something that you are considering, now is the time, Like rates, 18 00:01:09,080 --> 00:01:10,760 Speaker 1: I mean, we're only going to see those go up, 19 00:01:11,000 --> 00:01:13,800 Speaker 1: And we are actually really pumped to share a special 20 00:01:13,880 --> 00:01:16,560 Speaker 1: deal that we've got going on right now with Splash Financial. 21 00:01:17,000 --> 00:01:20,479 Speaker 1: They are a student loan refinancier. Is that that's that's 22 00:01:20,480 --> 00:01:23,440 Speaker 1: how the face French people say that. But they're offering 23 00:01:23,440 --> 00:01:26,880 Speaker 1: our listeners a three dollar bonus and so no fees 24 00:01:26,959 --> 00:01:28,959 Speaker 1: that make it really easy. You can lock in a 25 00:01:29,000 --> 00:01:30,800 Speaker 1: really low rate, you get to shop with multiple lenders 26 00:01:30,840 --> 00:01:32,640 Speaker 1: in one place still, and on top of that, they 27 00:01:32,680 --> 00:01:35,119 Speaker 1: will cut you a check for three hundred bucks if 28 00:01:35,160 --> 00:01:38,080 Speaker 1: you refinance a certain amounts of student loans with them, 29 00:01:38,160 --> 00:01:40,160 Speaker 1: And so we'll make sure to to link to our 30 00:01:40,200 --> 00:01:42,319 Speaker 1: special lending page in our show notes. That's right, Yeah, 31 00:01:42,400 --> 00:01:45,200 Speaker 1: and so it does make sense, I think for a 32 00:01:45,200 --> 00:01:46,640 Speaker 1: lot of folks these days, but it doesn't make sense 33 00:01:46,640 --> 00:01:48,760 Speaker 1: for everyone. So in our show notes we will also 34 00:01:48,800 --> 00:01:51,520 Speaker 1: include an article about when it does make sense to 35 00:01:51,560 --> 00:01:54,560 Speaker 1: refinance your student loans and it doesn't. And yeah, you 36 00:01:54,600 --> 00:01:57,240 Speaker 1: want to make sure you don't pull that trigger unless 37 00:01:57,280 --> 00:01:59,840 Speaker 1: it is the right move for your specific financial situation. 38 00:02:00,080 --> 00:02:02,400 Speaker 1: But if it is at three dollar bonus is kind 39 00:02:02,400 --> 00:02:04,480 Speaker 1: of a nice perk on top. That's right. If you're 40 00:02:04,480 --> 00:02:06,440 Speaker 1: two or three years out from reaching the end of 41 00:02:06,480 --> 00:02:10,200 Speaker 1: your PSLF, now it's not a great time for you 42 00:02:10,280 --> 00:02:12,880 Speaker 1: to refinance, exactly. Don't do it all right. One one 43 00:02:12,919 --> 00:02:16,360 Speaker 1: more note of housekeeping, Matt is our five episode is 44 00:02:16,360 --> 00:02:18,120 Speaker 1: coming up. We mentioned this last week and we've already 45 00:02:18,160 --> 00:02:21,200 Speaker 1: gotten quite a few submissions from our listeners. We want 46 00:02:21,200 --> 00:02:23,919 Speaker 1: to hear your best financial tip and um, you know, 47 00:02:24,120 --> 00:02:26,720 Speaker 1: so there's still time, please send us a voice recording 48 00:02:27,000 --> 00:02:29,760 Speaker 1: of your number one top financial tip. We would love 49 00:02:29,800 --> 00:02:32,120 Speaker 1: to share it with the entire Hat of Money community. 50 00:02:32,360 --> 00:02:34,160 Speaker 1: And by the way, most of the responses have come 51 00:02:34,200 --> 00:02:36,200 Speaker 1: from from the fellas, and I know we've got a 52 00:02:36,320 --> 00:02:38,240 Speaker 1: large contingent of female listeners out there, so we want 53 00:02:38,240 --> 00:02:40,799 Speaker 1: to hear your top financial tip as well. Ladies. Uh, 54 00:02:40,840 --> 00:02:42,960 Speaker 1: I know we've got some money savvy ladies out there. 55 00:02:43,040 --> 00:02:45,519 Speaker 1: And it doesn't even need to be your number one 56 00:02:45,680 --> 00:02:48,000 Speaker 1: money tip. But even if it's just kind of bizarre 57 00:02:48,080 --> 00:02:50,400 Speaker 1: outside of the box. Yeah, yeah, like, I like hearing 58 00:02:50,440 --> 00:02:53,480 Speaker 1: some of the different interesting ways that people like to 59 00:02:53,480 --> 00:02:55,680 Speaker 1: save money. Not gonna take much time, thirty forty seconds, 60 00:02:55,760 --> 00:02:57,840 Speaker 1: just recorded into your phone and then email it over 61 00:02:57,880 --> 00:03:00,000 Speaker 1: to us at how the Money Pot at gmail dot com. 62 00:03:00,040 --> 00:03:02,000 Speaker 1: To sweeten the pot, we are going to send out 63 00:03:02,200 --> 00:03:05,160 Speaker 1: a piece of how the Money swag to everybody's tip 64 00:03:05,240 --> 00:03:07,239 Speaker 1: that gets featured on this episode. It's gonna be a 65 00:03:07,280 --> 00:03:09,840 Speaker 1: fun one, so please make sure you contribute if you've 66 00:03:09,880 --> 00:03:11,639 Speaker 1: got something good to say. That's right. And by the way, 67 00:03:11,680 --> 00:03:13,440 Speaker 1: I said money saving tip, it doesn't have to just 68 00:03:13,440 --> 00:03:15,160 Speaker 1: be a money save. It can be a money making tip. 69 00:03:15,240 --> 00:03:18,400 Speaker 1: It can be a special an approach to investors. Right. 70 00:03:18,480 --> 00:03:19,919 Speaker 1: It doesn't just have to be a way that you're 71 00:03:20,000 --> 00:03:23,720 Speaker 1: cheap or completely completely agree. So alright, Matt, let's move on. 72 00:03:23,800 --> 00:03:25,800 Speaker 1: Let's get to the Friday Flight, the sampling of stories 73 00:03:25,840 --> 00:03:28,200 Speaker 1: we found interesting let's do this week, And we just 74 00:03:28,600 --> 00:03:30,959 Speaker 1: kind of mentioned something that we talked about on last 75 00:03:30,960 --> 00:03:33,880 Speaker 1: week's episode in regards to student loan refinancing. But then 76 00:03:34,000 --> 00:03:36,280 Speaker 1: there there's another update we actually have to make based 77 00:03:36,320 --> 00:03:40,000 Speaker 1: on last week's episode. Right after our Friday Flight last 78 00:03:40,040 --> 00:03:42,840 Speaker 1: week hit People's Podcastchers, there was an update to something 79 00:03:42,920 --> 00:03:46,280 Speaker 1: that we discussed on that episode, how medical debts specifically 80 00:03:46,280 --> 00:03:48,840 Speaker 1: affect your credit score. It's gonna change moving forward. We 81 00:03:48,840 --> 00:03:52,680 Speaker 1: talked about the potential for that change, and now it's official. 82 00:03:53,000 --> 00:03:56,240 Speaker 1: The three bureaus have announced that smaller medical debts of 83 00:03:56,280 --> 00:03:59,040 Speaker 1: five or less they're not going to show up on 84 00:03:59,080 --> 00:04:01,480 Speaker 1: your credit report any more. Also, it's going to take 85 00:04:01,520 --> 00:04:04,800 Speaker 1: a year instead of six months for unpaid medical debt 86 00:04:04,800 --> 00:04:07,480 Speaker 1: to appear on your report. And on top of that, 87 00:04:07,520 --> 00:04:10,000 Speaker 1: if you pay off in old medical debt, it will 88 00:04:10,080 --> 00:04:13,280 Speaker 1: quickly fall off your report completely too. And so yeah, 89 00:04:13,320 --> 00:04:16,719 Speaker 1: these new rules mean that nearly sevent of all medical 90 00:04:16,800 --> 00:04:19,360 Speaker 1: debts are going to be removed from people's credit reports. 91 00:04:19,400 --> 00:04:21,520 Speaker 1: So this seems to be you know, we talked about, well, 92 00:04:21,560 --> 00:04:23,280 Speaker 1: is there gonna be some sort of happy medium sort 93 00:04:23,320 --> 00:04:26,040 Speaker 1: of solution here, And this looks to be a decent 94 00:04:26,040 --> 00:04:28,479 Speaker 1: happy medium solution and it's supposed to basically all be 95 00:04:28,520 --> 00:04:31,880 Speaker 1: implemented by July one. So yeah, if you have some 96 00:04:32,320 --> 00:04:35,200 Speaker 1: old medical debt plaguing you on your credit report, dragging 97 00:04:35,200 --> 00:04:38,160 Speaker 1: your credit score down, there is a good chance that 98 00:04:38,200 --> 00:04:40,440 Speaker 1: it's going to fall away if it meets these parameters. 99 00:04:40,440 --> 00:04:42,400 Speaker 1: It's good news for a lot of folks. Yeah, definitely. 100 00:04:42,440 --> 00:04:45,040 Speaker 1: And considering that medical debt is the number one reason 101 00:04:45,040 --> 00:04:46,960 Speaker 1: that folks file for bankruptcy, I think this could be 102 00:04:47,480 --> 00:04:49,960 Speaker 1: a massive benefit. Specifically, the way I see it is 103 00:04:49,960 --> 00:04:51,800 Speaker 1: that with these more lenient rules, I think there might 104 00:04:51,839 --> 00:04:54,320 Speaker 1: be a certain number of folks out there who might 105 00:04:54,400 --> 00:04:56,839 Speaker 1: decide to kind of buckle down because they see maybe 106 00:04:56,880 --> 00:04:58,159 Speaker 1: like maybe there's sort of like a light at the 107 00:04:58,200 --> 00:05:00,000 Speaker 1: end of the tunnel, as opposed to them just getting 108 00:05:00,040 --> 00:05:02,120 Speaker 1: so bogged down that they think that the only way 109 00:05:02,160 --> 00:05:04,560 Speaker 1: through is just to throw in the towel and just 110 00:05:04,600 --> 00:05:06,920 Speaker 1: to actually declare bankruptcy. It kind of gives I think 111 00:05:06,960 --> 00:05:09,280 Speaker 1: it might hopefully it gives folks a fighting chance, and 112 00:05:09,320 --> 00:05:11,800 Speaker 1: it could mean that there's more debt that actually gets 113 00:05:11,800 --> 00:05:14,520 Speaker 1: paid to lenders, which is kind of crazy, crazy to 114 00:05:14,560 --> 00:05:16,640 Speaker 1: think that, but I think that there possibly could be 115 00:05:16,640 --> 00:05:18,839 Speaker 1: a chance for that, and so let's keep moving. We 116 00:05:18,880 --> 00:05:22,000 Speaker 1: came across a survey recently having to do with tax refunds. 117 00:05:22,360 --> 00:05:24,440 Speaker 1: If if you filed your taxes online and if you 118 00:05:24,480 --> 00:05:27,000 Speaker 1: opted for direct deposit, there's actually a good chance that 119 00:05:27,120 --> 00:05:30,400 Speaker 1: maybe you either just received your refund maybe we're getting 120 00:05:30,440 --> 00:05:32,599 Speaker 1: that thing shortly, but the question is what should you 121 00:05:32,640 --> 00:05:36,080 Speaker 1: do with it? And the survey from lending Tree, it 122 00:05:36,200 --> 00:05:39,039 Speaker 1: showed that forty six percent of folks they plan to 123 00:05:39,400 --> 00:05:42,200 Speaker 1: save that money. Uh, this is an idea that we 124 00:05:42,520 --> 00:05:45,039 Speaker 1: like a whole lot. Two thumbs up. Yeah, save the 125 00:05:45,080 --> 00:05:48,080 Speaker 1: tax refund. It's it's not necessarily like the absolute best 126 00:05:48,080 --> 00:05:50,039 Speaker 1: move that you can make, you know, by getting a 127 00:05:50,040 --> 00:05:52,160 Speaker 1: big tax refund each year, like you could change your 128 00:05:52,160 --> 00:05:54,680 Speaker 1: withholding in order to keep a little more of your 129 00:05:54,720 --> 00:05:57,880 Speaker 1: pitcheck every single every two weeks every pay period. But 130 00:05:57,960 --> 00:06:00,839 Speaker 1: as a forced method of savings, actually, you know, it 131 00:06:00,880 --> 00:06:02,560 Speaker 1: does work for a lot of folks. They count on 132 00:06:02,600 --> 00:06:05,080 Speaker 1: that tax refund and they typically have a plan for 133 00:06:05,200 --> 00:06:07,599 Speaker 1: that money. But the thing is is you've actually got 134 00:06:07,640 --> 00:06:09,719 Speaker 1: to save it, not spend it when it hits your account. 135 00:06:09,760 --> 00:06:11,880 Speaker 1: Hopefully you don't have plans for that to you know, 136 00:06:11,960 --> 00:06:14,760 Speaker 1: go towards your vacation or something. Hope, just check the 137 00:06:14,839 --> 00:06:17,000 Speaker 1: right box on the lending Tree survey. But in actuality 138 00:06:17,040 --> 00:06:19,640 Speaker 1: you're like, I'm gonna blow it on something ridiculous. Yeah. Yeah, 139 00:06:19,640 --> 00:06:22,000 Speaker 1: So with the average tax refund being more than three 140 00:06:22,000 --> 00:06:24,320 Speaker 1: thousand dollars this year, like this is a way to 141 00:06:24,440 --> 00:06:27,920 Speaker 1: massively jump start maybe an emergency fund, or to make 142 00:06:27,960 --> 00:06:30,799 Speaker 1: some rapid progress on a bigger goal that you're saving 143 00:06:30,880 --> 00:06:33,320 Speaker 1: up for. I was encouraged to see that the next 144 00:06:33,400 --> 00:06:36,240 Speaker 1: largest category of the different plans folks had for that 145 00:06:36,279 --> 00:06:38,880 Speaker 1: money was to pay down debt. I love that. It's 146 00:06:38,880 --> 00:06:40,920 Speaker 1: like folks are just running down our our money gears, right. 147 00:06:40,960 --> 00:06:42,839 Speaker 1: So literally the top two things that you should be 148 00:06:42,839 --> 00:06:44,640 Speaker 1: doing You need some margin in your life, you need 149 00:06:44,680 --> 00:06:46,480 Speaker 1: an emergency fund, and then you need to pay down 150 00:06:46,520 --> 00:06:48,800 Speaker 1: that high interest rate debt. I am so happy to 151 00:06:48,800 --> 00:06:50,599 Speaker 1: see more folks doing that. And for most folks in 152 00:06:50,600 --> 00:06:53,040 Speaker 1: a given year, there's no time where they get a 153 00:06:53,040 --> 00:06:56,240 Speaker 1: bigger influx of cash, Like it's maybe a bonus through work, right, 154 00:06:56,279 --> 00:06:59,000 Speaker 1: But but most people don't get bonuses through work, right. 155 00:06:59,080 --> 00:07:00,920 Speaker 1: And there was just a story worry about Wall Street bonus. 156 00:07:00,960 --> 00:07:04,120 Speaker 1: There's there twenty higher than years past, and those people 157 00:07:04,120 --> 00:07:07,200 Speaker 1: are getting paid insane amounts in a lump sum from 158 00:07:07,240 --> 00:07:11,480 Speaker 1: their employer. But most people average Joe's and Jane's, they 159 00:07:11,640 --> 00:07:14,040 Speaker 1: the tax refund is their biggest chance to make some 160 00:07:14,320 --> 00:07:17,080 Speaker 1: rapid progress in their finances. And so yeah, I like 161 00:07:17,160 --> 00:07:19,960 Speaker 1: seeing that saving and paying down debt are the two 162 00:07:20,040 --> 00:07:23,480 Speaker 1: highest priorities of people receiving receiving this lump sum, and 163 00:07:23,520 --> 00:07:25,560 Speaker 1: that's just a smart way to earmark that money for 164 00:07:25,560 --> 00:07:27,760 Speaker 1: for most people. All right, Matt, let's let's talk about 165 00:07:27,800 --> 00:07:31,560 Speaker 1: um folks going on buyer strike. Basically, people are pushing 166 00:07:31,560 --> 00:07:34,800 Speaker 1: back against higher prices in a big way right now. Uh, 167 00:07:34,880 --> 00:07:38,400 Speaker 1: inflation is surging and people are saying I've had enough 168 00:07:38,680 --> 00:07:40,560 Speaker 1: I'm not gonna take it, at least when it comes 169 00:07:40,560 --> 00:07:42,320 Speaker 1: to some places that they shop. And you know, you 170 00:07:42,360 --> 00:07:45,120 Speaker 1: and I have talked about our local barbecue joints that 171 00:07:45,200 --> 00:07:49,040 Speaker 1: we love and how they're including a surcharge for every 172 00:07:49,120 --> 00:07:51,720 Speaker 1: order right now. Yeah, we noticed that last summer. Yeah, 173 00:07:51,800 --> 00:07:53,240 Speaker 1: and we're like, well, like, what do you think about 174 00:07:53,240 --> 00:07:56,880 Speaker 1: that's still there? That's the downside. But in addition, the 175 00:07:56,920 --> 00:07:59,000 Speaker 1: last time we went, I realized, oh wait, they've raised 176 00:07:59,120 --> 00:08:02,680 Speaker 1: prices now, and so yeah, that brisket plate now that 177 00:08:02,760 --> 00:08:05,240 Speaker 1: I love, it costs more than it did just a 178 00:08:05,280 --> 00:08:08,160 Speaker 1: year ago because of these price increases. And honestly, it 179 00:08:08,200 --> 00:08:09,960 Speaker 1: made me kind of not want to go back for 180 00:08:10,000 --> 00:08:13,840 Speaker 1: a while to silently voice my dislike for these price increases. 181 00:08:13,880 --> 00:08:15,960 Speaker 1: And and it turns out I'm not alone. The Wall 182 00:08:16,000 --> 00:08:19,200 Speaker 1: Street Journal reports that many companies are starting to see 183 00:08:19,240 --> 00:08:22,240 Speaker 1: pushback on their price increases, and lots of people are 184 00:08:22,240 --> 00:08:24,600 Speaker 1: going on a buying strike because they don't like how 185 00:08:24,680 --> 00:08:27,800 Speaker 1: much that that T shirt, the mattress, or the handbag 186 00:08:27,960 --> 00:08:30,880 Speaker 1: costs now. And so I think this is a good thing, right, 187 00:08:30,920 --> 00:08:34,120 Speaker 1: This is the market doing its thing. We have the 188 00:08:34,200 --> 00:08:38,400 Speaker 1: choice to buy that item from another retailer or another manufacturer, 189 00:08:38,720 --> 00:08:41,800 Speaker 1: or we can trade down for something that's less expensive, 190 00:08:41,920 --> 00:08:43,520 Speaker 1: or or we can just say, you know what, I'm 191 00:08:43,520 --> 00:08:45,600 Speaker 1: not going to buy that item at all, Like instead 192 00:08:45,640 --> 00:08:47,880 Speaker 1: of going off for barbecue, I'm making the sandwich at home, 193 00:08:48,320 --> 00:08:51,440 Speaker 1: or I'm smoking my own pork. But like that's literally 194 00:08:51,480 --> 00:08:54,480 Speaker 1: what you're doing exactly. So those are the kind of 195 00:08:54,559 --> 00:08:56,880 Speaker 1: choices that people have to make. And I kind of 196 00:08:56,880 --> 00:08:59,600 Speaker 1: like seeing that there's pushback. Inflation can only go so far, 197 00:08:59,679 --> 00:09:02,920 Speaker 1: and there's enough competition out there, not just from other companies, 198 00:09:03,200 --> 00:09:06,000 Speaker 1: but between you being able to make another choice in 199 00:09:06,040 --> 00:09:08,800 Speaker 1: your life, Like inflation doesn't have to eat you alive. Um, 200 00:09:08,840 --> 00:09:10,400 Speaker 1: there are ways to push back. Yeah, as long as 201 00:09:10,400 --> 00:09:12,960 Speaker 1: we have alternatives and other options. This is just a 202 00:09:13,000 --> 00:09:16,040 Speaker 1: sign of a healthy market moving forward. Um. And you 203 00:09:16,040 --> 00:09:18,079 Speaker 1: know the thing is too with that specific searcharge, Like 204 00:09:18,400 --> 00:09:21,720 Speaker 1: before it was we saw it as a COVID searcharge, Um, 205 00:09:21,760 --> 00:09:24,000 Speaker 1: but it's still there. And on top of that, and 206 00:09:24,400 --> 00:09:26,640 Speaker 1: on top of those price increases, like there's still a 207 00:09:26,679 --> 00:09:29,560 Speaker 1: line for tipping and You'm I supposed to do that still? 208 00:09:29,559 --> 00:09:31,800 Speaker 1: I don't know, gosh, yeah, So it feels like there's 209 00:09:31,840 --> 00:09:34,280 Speaker 1: like this expectation that you add something to that line 210 00:09:34,360 --> 00:09:37,160 Speaker 1: as well. And this is a counter service restaurant. It's 211 00:09:37,160 --> 00:09:38,760 Speaker 1: not like someone is waiting on you. You walk up, 212 00:09:38,760 --> 00:09:41,360 Speaker 1: you play shorder, you get your food, you sit down. Uh, 213 00:09:41,400 --> 00:09:43,760 Speaker 1: And so like, personally, I think tips should be smaller 214 00:09:44,320 --> 00:09:46,720 Speaker 1: at a place like that than at a full service restaurants. 215 00:09:46,720 --> 00:09:48,720 Speaker 1: But let's, you know, let's kind of quickly talk about 216 00:09:48,720 --> 00:09:51,800 Speaker 1: how maybe tipping etiquette has changed, you know, in particular 217 00:09:51,840 --> 00:09:54,640 Speaker 1: since the start of COVID. There was actually a discussion Joel, 218 00:09:54,640 --> 00:09:57,200 Speaker 1: you told me about uh in our Facebook group this week, 219 00:09:57,240 --> 00:09:58,719 Speaker 1: and I kind of read through some of the answers there, 220 00:09:58,720 --> 00:10:00,800 Speaker 1: but it seemed like a lot of our listeners would 221 00:10:00,800 --> 00:10:03,640 Speaker 1: actually prefer for restaurants to charge what they'd like and 222 00:10:03,679 --> 00:10:07,520 Speaker 1: to pay their employees well while ditching tipping all together. 223 00:10:08,760 --> 00:10:10,600 Speaker 1: So you think that way, I actually, I don't know 224 00:10:10,640 --> 00:10:12,640 Speaker 1: if I agree with that, right, Like, I still think 225 00:10:13,400 --> 00:10:14,880 Speaker 1: Europe that's how they do it, and it's just so 226 00:10:14,960 --> 00:10:16,679 Speaker 1: much nicer because I know what I'm paying and I 227 00:10:16,720 --> 00:10:18,400 Speaker 1: don't even have to worry about that stuff on the plate, 228 00:10:18,480 --> 00:10:19,959 Speaker 1: And I get it when you're, you know, off on 229 00:10:20,000 --> 00:10:22,880 Speaker 1: your fancy European vacation and like you're dealing with exchange 230 00:10:22,960 --> 00:10:25,439 Speaker 1: rates and you're not familiar with the currency as much. 231 00:10:25,440 --> 00:10:27,120 Speaker 1: But here in the States, I feel like it's like 232 00:10:27,160 --> 00:10:29,440 Speaker 1: as American, as like apple pie in my mind, being 233 00:10:29,480 --> 00:10:32,280 Speaker 1: able to tip somebody. And I still think I'm going 234 00:10:32,320 --> 00:10:33,760 Speaker 1: to say that I'm willing to take like a hybrid 235 00:10:33,760 --> 00:10:37,400 Speaker 1: approach because I do think that restaurants should probably pay 236 00:10:37,520 --> 00:10:39,880 Speaker 1: their employees a higher wage. I think most servers in 237 00:10:39,920 --> 00:10:42,400 Speaker 1: most states get paid something like two dollars and thirty 238 00:10:42,440 --> 00:10:46,080 Speaker 1: cents or not much, and so restaurant owners they are, 239 00:10:46,280 --> 00:10:48,640 Speaker 1: in my opinion, I think they were relying too heavily 240 00:10:49,080 --> 00:10:52,520 Speaker 1: on the customers for their employees to get paid basically, 241 00:10:52,760 --> 00:10:55,199 Speaker 1: and so I agree, I think there's advancements that could 242 00:10:55,240 --> 00:10:57,679 Speaker 1: be made there, but I also think that there should 243 00:10:57,679 --> 00:11:01,280 Speaker 1: still be an ability to tip, because like there's such 244 00:11:01,320 --> 00:11:04,679 Speaker 1: a very clear tangible connection between the service that somebody 245 00:11:04,679 --> 00:11:07,240 Speaker 1: can provide you, like whether that's you know, wait staff 246 00:11:07,600 --> 00:11:10,400 Speaker 1: or even someone that's cutting your hair or somebody like 247 00:11:10,400 --> 00:11:13,040 Speaker 1: like a babysitter, that's just such a clean, clear way 248 00:11:13,080 --> 00:11:16,080 Speaker 1: to communicate your appreciation for the work that they're doing. 249 00:11:16,480 --> 00:11:18,439 Speaker 1: And so like in my body, the waters, when we've 250 00:11:18,440 --> 00:11:22,360 Speaker 1: got these additional searcharges I totally get that and completely 251 00:11:22,360 --> 00:11:24,480 Speaker 1: get that. So I would personally be okay if we 252 00:11:24,480 --> 00:11:26,760 Speaker 1: did away with hipping all together, or only did it 253 00:11:26,800 --> 00:11:29,480 Speaker 1: in the case where somebody completely would you and you 254 00:11:29,559 --> 00:11:32,600 Speaker 1: just decided that it was the thing to do, to 255 00:11:32,679 --> 00:11:34,840 Speaker 1: go above and beyond. But the fact that it's normal 256 00:11:34,880 --> 00:11:37,040 Speaker 1: and expected because I went to sit down restaurant the 257 00:11:37,080 --> 00:11:41,000 Speaker 1: other night and the suggested tipping amounts were and the 258 00:11:41,040 --> 00:11:43,240 Speaker 1: prices were still normal. There was no searcharge, and I'm like, 259 00:11:43,600 --> 00:11:46,640 Speaker 1: why at the barbecue places a paying extra? And then 260 00:11:46,640 --> 00:11:49,000 Speaker 1: there's the tipic Like it's just confusing, and I feel 261 00:11:49,040 --> 00:11:51,199 Speaker 1: like tipping etiquette has gotten more confusing these days for 262 00:11:51,240 --> 00:11:53,360 Speaker 1: people to Yeah, I totally get that in in this 263 00:11:53,400 --> 00:11:56,040 Speaker 1: case it comes down to the individual restaurant's decision. But 264 00:11:56,120 --> 00:11:58,120 Speaker 1: even still, I don't think we should feel any pressure 265 00:11:58,240 --> 00:12:01,679 Speaker 1: when we go to get barbecue to add an additional 266 00:12:01,679 --> 00:12:05,520 Speaker 1: tip on top of just across the board. Searcher, and 267 00:12:05,520 --> 00:12:09,240 Speaker 1: if your favorite places continue to charge what you believe 268 00:12:09,520 --> 00:12:11,720 Speaker 1: is above market rates, then you can choose to take 269 00:12:11,760 --> 00:12:14,280 Speaker 1: your dollars elsewhere, and that is something I think more 270 00:12:14,320 --> 00:12:16,280 Speaker 1: and more people are doing. And by the way, speaking 271 00:12:16,320 --> 00:12:18,800 Speaker 1: of tipping, that like new data from the payment app 272 00:12:18,840 --> 00:12:21,520 Speaker 1: Square shows that tipping is actually going down right now, 273 00:12:21,600 --> 00:12:24,560 Speaker 1: So it makes sense we were all more generous towards 274 00:12:24,600 --> 00:12:27,960 Speaker 1: restaurants in those early days of the pandemic when to 275 00:12:28,080 --> 00:12:30,560 Speaker 1: being exorbitant amounts, because we knew the pain they were 276 00:12:30,559 --> 00:12:33,200 Speaker 1: going through and we wanted our favorite local restaurants to 277 00:12:33,240 --> 00:12:36,160 Speaker 1: stay afloat. We felt like we needed to play our part, 278 00:12:36,400 --> 00:12:38,959 Speaker 1: our small role by kind of also providing our own 279 00:12:38,960 --> 00:12:42,160 Speaker 1: infusion as a good citizen. Yeah, I mean, especially early 280 00:12:42,160 --> 00:12:44,320 Speaker 1: on when all that everybody was shuttering their doors, Like 281 00:12:44,360 --> 00:12:46,880 Speaker 1: how many gift cards did we buy to all of 282 00:12:46,920 --> 00:12:50,040 Speaker 1: our local favorite spots to ensure that they had enough revenue? 283 00:12:50,080 --> 00:12:52,160 Speaker 1: You know? Moving forward exactly. But but as things have 284 00:12:52,240 --> 00:12:55,160 Speaker 1: kind of returned back to normal in so many ways, 285 00:12:55,440 --> 00:12:58,960 Speaker 1: tips are going back to levels and yeah, there's just 286 00:12:59,000 --> 00:13:02,840 Speaker 1: the pre panting. Yeah exactly exactly. So I think like 287 00:13:02,920 --> 00:13:05,400 Speaker 1: really what people need to know is to to not 288 00:13:05,520 --> 00:13:07,680 Speaker 1: tip out of guilt, to come up with a plan 289 00:13:07,800 --> 00:13:09,800 Speaker 1: ahead of time for what you're going to tip at 290 00:13:09,800 --> 00:13:12,040 Speaker 1: a counter service restaurant or for a cup of coffee 291 00:13:12,080 --> 00:13:15,600 Speaker 1: at your local coffee shop or at a full service restaurant, um, 292 00:13:15,640 --> 00:13:17,800 Speaker 1: and that way you don't buckle under social pressures in 293 00:13:17,840 --> 00:13:20,600 Speaker 1: the moment, especially on those iPad devices, where you get 294 00:13:20,600 --> 00:13:22,480 Speaker 1: a two dollar cup of coffee and it's like suggested 295 00:13:22,480 --> 00:13:24,280 Speaker 1: tip amount one, two or three dollars and you're like, 296 00:13:24,440 --> 00:13:27,280 Speaker 1: am I supposed to tip a cup of coffee? And 297 00:13:27,320 --> 00:13:29,720 Speaker 1: it's just in the moment, it feels almost like an 298 00:13:29,720 --> 00:13:32,360 Speaker 1: assault on your wallet and you're you're not sure what 299 00:13:32,440 --> 00:13:33,840 Speaker 1: to do. And so I would say, just kind of 300 00:13:33,880 --> 00:13:35,800 Speaker 1: thing through that ahead of time, don't feel bad to 301 00:13:35,880 --> 00:13:38,400 Speaker 1: choose other amounts and type in, you know, the amount 302 00:13:38,400 --> 00:13:40,080 Speaker 1: that you want to pay that you feel is right. 303 00:13:40,280 --> 00:13:42,280 Speaker 1: And I hope people don't take this as a suggestion 304 00:13:42,320 --> 00:13:44,240 Speaker 1: that you shouldn't be tipping or that you shouldn't be generous, 305 00:13:44,240 --> 00:13:46,680 Speaker 1: because I think I think you should. Um, But it 306 00:13:46,720 --> 00:13:48,840 Speaker 1: also seems like kind of some of the tipping etiquette 307 00:13:48,880 --> 00:13:51,319 Speaker 1: has gone haywire, has gone out of control, and we're 308 00:13:51,320 --> 00:13:54,080 Speaker 1: tipping in more and more places these days. So um, 309 00:13:54,120 --> 00:13:56,280 Speaker 1: and yeah, if you can't afford to tip, you shouldn't 310 00:13:56,320 --> 00:13:58,320 Speaker 1: be going out in the first place. That's certainly an 311 00:13:58,480 --> 00:14:00,640 Speaker 1: important thing to mention too. So total, yeah, I don't 312 00:14:00,640 --> 00:14:02,600 Speaker 1: think you should feel compelled, you know, to have to 313 00:14:02,720 --> 00:14:05,240 Speaker 1: leave the whatever the minimum is that they present there 314 00:14:05,240 --> 00:14:06,880 Speaker 1: as the easy option, because that's what they're doing, right, 315 00:14:06,920 --> 00:14:08,360 Speaker 1: They're just trying to make it easy for you. Well, 316 00:14:08,400 --> 00:14:09,840 Speaker 1: I feel like I said, like I sat down the 317 00:14:09,840 --> 00:14:12,559 Speaker 1: other day at a restaurant and it was twenty five, 318 00:14:12,559 --> 00:14:13,760 Speaker 1: But then I go to the ice cream shop and 319 00:14:13,800 --> 00:14:17,240 Speaker 1: it starts at twenty and I'm like, that was where 320 00:14:17,240 --> 00:14:19,480 Speaker 1: you're standing there and just like handed through the window 321 00:14:19,560 --> 00:14:21,760 Speaker 1: exactly right. I guess like what I'm thinking is like, 322 00:14:21,880 --> 00:14:24,960 Speaker 1: specifically with coffee, Like our closest coffee shop, the smallest 323 00:14:24,960 --> 00:14:27,200 Speaker 1: cup of coffee you can get, it's three bucks, and 324 00:14:27,240 --> 00:14:29,600 Speaker 1: so like pretty much no matter what I'm gonna I'm 325 00:14:29,640 --> 00:14:32,000 Speaker 1: gonna tip a dollar because in my mind, like does 326 00:14:32,040 --> 00:14:34,680 Speaker 1: it require a lot more work for them to fill 327 00:14:34,760 --> 00:14:36,960 Speaker 1: up a large cup of coffee that costs you know, 328 00:14:37,080 --> 00:14:39,080 Speaker 1: three to you know, two or three bucks more, They're 329 00:14:39,080 --> 00:14:42,200 Speaker 1: still sort of like this bare minimum effort that like 330 00:14:42,240 --> 00:14:44,160 Speaker 1: they still have to take your order, fill the cup 331 00:14:44,160 --> 00:14:46,360 Speaker 1: of coffee up, bring you up the whole deal. There's 332 00:14:46,360 --> 00:14:48,560 Speaker 1: sort of like an a minimum amount of work required, 333 00:14:48,600 --> 00:14:50,240 Speaker 1: and so in my mind, I don't know, I've always 334 00:14:50,240 --> 00:14:51,920 Speaker 1: held that belief though, like anytime I'd go to a 335 00:14:51,920 --> 00:14:54,600 Speaker 1: ball or tips a buck. Yeah, exact. If I'm gonna 336 00:14:54,600 --> 00:14:55,880 Speaker 1: get be here, it's always a buck. If I'm gonna 337 00:14:55,880 --> 00:14:58,280 Speaker 1: get a coffee, even that I'm willing to always tip 338 00:14:58,280 --> 00:15:00,320 Speaker 1: a dock that I think that don't be che but 339 00:15:00,400 --> 00:15:04,320 Speaker 1: also don't let tipping culture insanity just completely overwhelm you. 340 00:15:04,400 --> 00:15:07,440 Speaker 1: And because there there are times where, yeah, you don't 341 00:15:07,440 --> 00:15:10,880 Speaker 1: need to tip the suggestive minimum exactly. Yeah. So the yeah, 342 00:15:10,960 --> 00:15:13,040 Speaker 1: the pandemic, it's it's you know, it might have changed 343 00:15:13,080 --> 00:15:14,520 Speaker 1: how we tip, at least in the short term, but 344 00:15:14,560 --> 00:15:19,320 Speaker 1: it's changed how we buy groceries potentially forever. Adobe they 345 00:15:19,320 --> 00:15:23,120 Speaker 1: have kind of like this number crunching economics marketing branch 346 00:15:23,160 --> 00:15:25,480 Speaker 1: of their company. H They've got this report that shows 347 00:15:25,520 --> 00:15:28,760 Speaker 1: that online grocery shopping has become way more normal over 348 00:15:28,800 --> 00:15:31,720 Speaker 1: the past two years, and grocery stores have adapted to 349 00:15:31,720 --> 00:15:34,360 Speaker 1: make it a lot easier to either get groceries delivered 350 00:15:34,360 --> 00:15:35,920 Speaker 1: to your house or or if you to opt for 351 00:15:36,040 --> 00:15:39,240 Speaker 1: that curbside pickup, which evidently it accounts for twenty percent 352 00:15:39,360 --> 00:15:42,160 Speaker 1: of all grocery orders right now, which is pretty tremendous. 353 00:15:42,520 --> 00:15:45,200 Speaker 1: Audi they've got a solid curbside pickup option that makes 354 00:15:45,400 --> 00:15:47,880 Speaker 1: uh you know, grocery shopping a bit easier, it's gonna 355 00:15:47,880 --> 00:15:50,760 Speaker 1: cost you some money. Uh, and sometimes those items are 356 00:15:50,800 --> 00:15:53,160 Speaker 1: going to cost you more as well, especially if you're 357 00:15:53,200 --> 00:15:55,920 Speaker 1: dealing with delivery. So definitely keep that in mind. Anytime 358 00:15:55,960 --> 00:15:58,120 Speaker 1: you have groceries delivered to your doorstep, it's obviously going 359 00:15:58,160 --> 00:16:00,480 Speaker 1: to cost you the most money. But even that specific 360 00:16:00,520 --> 00:16:03,880 Speaker 1: arena prices have gone down. Walmart Plus they are one 361 00:16:03,920 --> 00:16:07,040 Speaker 1: of the leaders in that game specifically. And I also 362 00:16:07,120 --> 00:16:10,000 Speaker 1: saw that if you have the Amex Platinum Card, the 363 00:16:10,440 --> 00:16:13,640 Speaker 1: ninety dollar annual membership fee is covered. So it's a 364 00:16:13,640 --> 00:16:15,240 Speaker 1: good thing, Like you better get some of those tangible 365 00:16:15,240 --> 00:16:17,920 Speaker 1: perks because that card comes with a seven annual fee, 366 00:16:18,480 --> 00:16:21,520 Speaker 1: which is I mean, it's a it's an incredible travel 367 00:16:21,560 --> 00:16:24,440 Speaker 1: card and if you use the benefits, it can more 368 00:16:24,440 --> 00:16:26,760 Speaker 1: than pay for itself. But it's just nice to also 369 00:16:26,800 --> 00:16:30,280 Speaker 1: see that, like the benefits don't only include like sky 370 00:16:30,360 --> 00:16:34,080 Speaker 1: lounges and fancy and stuff like that. It's also it's like, hey, 371 00:16:34,120 --> 00:16:36,360 Speaker 1: by the way, what's actually that Walmart Plus membership for 372 00:16:36,480 --> 00:16:38,400 Speaker 1: your charge? Yeah, And you know the great thing about 373 00:16:38,400 --> 00:16:40,720 Speaker 1: Walmart Plus is I'm pretty sure they don't change the 374 00:16:40,760 --> 00:16:43,480 Speaker 1: price of the items that you're buying at all, and so, yeah, 375 00:16:43,480 --> 00:16:45,920 Speaker 1: you pay ninety eight bucks and you get unlimited deliveries, 376 00:16:45,960 --> 00:16:48,240 Speaker 1: which is which is a pretty nice perk for people 377 00:16:48,280 --> 00:16:50,760 Speaker 1: who shout for the groceries a Walmart and UM, and yeah, 378 00:16:50,800 --> 00:16:54,960 Speaker 1: opting for for grocery delivery can potentially actually even reduce 379 00:16:55,000 --> 00:16:57,200 Speaker 1: your grocery bill if you're the kind of person who's 380 00:16:57,240 --> 00:17:00,120 Speaker 1: prone to make a bunch of impulse impulse buys can 381 00:17:00,160 --> 00:17:02,280 Speaker 1: help you stick to the list. I think if you 382 00:17:02,280 --> 00:17:05,440 Speaker 1: can't resist buying the potential ships at eye level going 383 00:17:05,440 --> 00:17:07,640 Speaker 1: down the candy aisle, like if if you're if you're 384 00:17:07,680 --> 00:17:10,320 Speaker 1: doing that, then it's one of those things where only 385 00:17:10,320 --> 00:17:11,800 Speaker 1: getting the stuff that's on the list and then having 386 00:17:11,840 --> 00:17:14,040 Speaker 1: it ship to your door, can you know, prevent you 387 00:17:14,119 --> 00:17:17,920 Speaker 1: from maybe sabotaging yourself in the grocery store. Yeah, that's right. 388 00:17:18,080 --> 00:17:19,680 Speaker 1: One thing I do want to say that as well. 389 00:17:19,720 --> 00:17:21,520 Speaker 1: I think it's important for us to keep in mind 390 00:17:22,000 --> 00:17:24,520 Speaker 1: how we introduce some of these expenses into our lives, 391 00:17:24,560 --> 00:17:26,880 Speaker 1: that we kind of that we do them purposefully, right, 392 00:17:26,880 --> 00:17:28,919 Speaker 1: and that we're not just looking at just kind of 393 00:17:28,920 --> 00:17:31,440 Speaker 1: the the cost of convenience only. I'm reading this book 394 00:17:31,480 --> 00:17:34,159 Speaker 1: right now, called four thousand weeks actually, and the author 395 00:17:34,200 --> 00:17:38,040 Speaker 1: he talks about the efficiency trap, where essentially there's something 396 00:17:38,119 --> 00:17:41,240 Speaker 1: that we are able to do, like pay for grocery delivery, 397 00:17:41,280 --> 00:17:42,920 Speaker 1: and we think it's going to make our lives more 398 00:17:42,920 --> 00:17:44,720 Speaker 1: efficient because it is more efficient, right, Like we're able 399 00:17:44,720 --> 00:17:46,960 Speaker 1: to exchange a little bit of money for some additional time. 400 00:17:47,240 --> 00:17:49,560 Speaker 1: But the problem is is that it doesn't necessarily realieve 401 00:17:49,560 --> 00:17:51,560 Speaker 1: any stress in our lives. It doesn't like lead to 402 00:17:51,680 --> 00:17:55,520 Speaker 1: this overall like increasing happiness, because with that exchange, we 403 00:17:55,600 --> 00:17:59,240 Speaker 1: feel the need to then become more efficient with what 404 00:17:59,280 --> 00:18:02,080 Speaker 1: we're producing, and so it's like, okay, it's just like 405 00:18:02,160 --> 00:18:04,879 Speaker 1: when dishwashers became a thing, like in the fifties or whatever, 406 00:18:05,240 --> 00:18:07,879 Speaker 1: all of a sudden people had more free time, and 407 00:18:07,920 --> 00:18:10,480 Speaker 1: so that free time was then used to create more 408 00:18:10,560 --> 00:18:12,720 Speaker 1: you know, to generate essentially more income, and so it 409 00:18:12,760 --> 00:18:16,480 Speaker 1: didn't necessarily lead to like an increase in overall wellness. 410 00:18:16,680 --> 00:18:19,159 Speaker 1: An example he gives too is like with with roads, 411 00:18:19,720 --> 00:18:21,600 Speaker 1: we think that, oh, we need to alleviate traffic by 412 00:18:21,640 --> 00:18:25,040 Speaker 1: adding another lane to this highway, and instead of yeah, 413 00:18:25,080 --> 00:18:29,119 Speaker 1: it backfires and instead of relieving the increased congestion, it 414 00:18:29,160 --> 00:18:31,880 Speaker 1: attracts more cars. There's more cars now driving on the road, 415 00:18:31,880 --> 00:18:33,919 Speaker 1: and the congestion stays the same. I think that's a 416 00:18:33,960 --> 00:18:36,480 Speaker 1: perfect example of that. Just something I wanted to mention 417 00:18:36,520 --> 00:18:38,520 Speaker 1: that we have to make sure that we're entering into 418 00:18:38,560 --> 00:18:41,600 Speaker 1: some of these transactions mindfully. Yeah. I like that. It's 419 00:18:41,640 --> 00:18:44,000 Speaker 1: good advice. Are We've got more to get to on 420 00:18:44,040 --> 00:18:47,639 Speaker 1: this Friday fight, including some news about price transparency in 421 00:18:47,720 --> 00:18:50,280 Speaker 1: higher education. We'll get to that and more right after this. 422 00:18:59,400 --> 00:19:01,640 Speaker 1: All right, we're back from the break. We've got a 423 00:19:01,680 --> 00:19:04,720 Speaker 1: few more stories to get to during this Friday flights, 424 00:19:04,760 --> 00:19:08,000 Speaker 1: and specifically, we've got our ludicrous headline of the week 425 00:19:08,080 --> 00:19:10,720 Speaker 1: to get to and Joel, guess what, man, they're back. 426 00:19:11,280 --> 00:19:16,119 Speaker 1: We're talking specifically about adjustable rate mortgages. Jason from Nashville, 427 00:19:16,119 --> 00:19:19,200 Speaker 1: he's sitting this one our away. Thanks Jason. The headline 428 00:19:19,240 --> 00:19:22,960 Speaker 1: from this CBS News article read mortgage rates jump above 429 00:19:23,080 --> 00:19:26,520 Speaker 1: fo prompting borrowers to return to a staple of the 430 00:19:26,520 --> 00:19:30,560 Speaker 1: housing bubble. Done done, done. Yeah, it's a very menacing 431 00:19:30,680 --> 00:19:35,000 Speaker 1: kind of headline. Interestingly enough, having an adjustable rate mortgage, 432 00:19:35,040 --> 00:19:38,159 Speaker 1: it hasn't been all that bad actually over the past decade. 433 00:19:38,160 --> 00:19:42,160 Speaker 1: As rates have been falling, but getting an ARM now 434 00:19:42,640 --> 00:19:44,880 Speaker 1: when rates are almost certain to rise in the near 435 00:19:44,920 --> 00:19:48,320 Speaker 1: future means that, yeah, you'll be saving money each month 436 00:19:48,520 --> 00:19:51,399 Speaker 1: on your mortgage now, but that you could be definitely 437 00:19:51,400 --> 00:19:53,080 Speaker 1: paying a lot more in the future, like two to 438 00:19:53,160 --> 00:19:55,480 Speaker 1: three percent more in interest just a couple of years 439 00:19:55,560 --> 00:19:58,040 Speaker 1: from now. Getting an ARM might make that home seemed 440 00:19:58,040 --> 00:19:59,760 Speaker 1: more affordable. You know, it's exciting to think that you 441 00:19:59,760 --> 00:20:02,879 Speaker 1: could potentially afford something a bit nicer, or that you 442 00:20:02,920 --> 00:20:05,520 Speaker 1: could save a couple hundred bucks a month by going 443 00:20:05,560 --> 00:20:08,080 Speaker 1: without ARM over that third year fixed rate mortgage, But 444 00:20:08,160 --> 00:20:11,240 Speaker 1: it's a bad move for your personal finances moving forward 445 00:20:11,520 --> 00:20:14,199 Speaker 1: if rates continue to rise, which it does look like 446 00:20:14,240 --> 00:20:16,080 Speaker 1: that they will be rising, So we think it's a 447 00:20:16,119 --> 00:20:19,399 Speaker 1: bad move for your personal finances. That is, unless you 448 00:20:19,400 --> 00:20:21,640 Speaker 1: don't plan to own that home for for that long. 449 00:20:21,880 --> 00:20:23,240 Speaker 1: But if that's the case, we would rather see you 450 00:20:23,280 --> 00:20:26,080 Speaker 1: rent where you live and just forego buying altogether. If 451 00:20:26,080 --> 00:20:27,560 Speaker 1: you're going to be there for a year or two, 452 00:20:27,600 --> 00:20:29,680 Speaker 1: that's right, Yeah, it doesn't make sense to buy house 453 00:20:29,680 --> 00:20:32,000 Speaker 1: if you're just gonna be there super short term, and 454 00:20:32,200 --> 00:20:34,520 Speaker 1: if you're going to be there longer term, then you 455 00:20:34,560 --> 00:20:38,280 Speaker 1: want a fixed rate mortgage especially in today's environment. All right, 456 00:20:38,640 --> 00:20:40,760 Speaker 1: let's talk about We talked about buying buy not pay 457 00:20:40,840 --> 00:20:44,600 Speaker 1: later for like a plane ticket last week with Delta Airlines, 458 00:20:45,240 --> 00:20:47,800 Speaker 1: and um, you know what, something something bad right now 459 00:20:47,840 --> 00:20:50,760 Speaker 1: that's happening is getting worse because gas prices are still 460 00:20:50,760 --> 00:20:52,639 Speaker 1: through the through the roof. I feel like it's it's 461 00:20:52,680 --> 00:20:55,240 Speaker 1: messing up a lot of our budgets these days. And 462 00:20:55,280 --> 00:20:56,679 Speaker 1: of course we gave our thoughts on how you can 463 00:20:56,720 --> 00:20:58,440 Speaker 1: save just a couple of weeks ago on the show, 464 00:20:58,760 --> 00:21:01,199 Speaker 1: including you know, getting more in rewards every time you 465 00:21:01,240 --> 00:21:03,600 Speaker 1: fill up at the gas tank. But um, we we've 466 00:21:03,640 --> 00:21:05,840 Speaker 1: also talked about buy now, pay later on the show 467 00:21:06,119 --> 00:21:09,359 Speaker 1: a bunch and yes, is people might have guessed there 468 00:21:09,400 --> 00:21:11,560 Speaker 1: is now a combination of buy now, pay later and 469 00:21:11,680 --> 00:21:15,600 Speaker 1: gas stations. You can pay for your gas in installments 470 00:21:15,640 --> 00:21:18,240 Speaker 1: if you like. Uh. Friend of the show, Michelle Singletary, 471 00:21:18,320 --> 00:21:20,919 Speaker 1: she just wrote about this in the Washington Post. And 472 00:21:21,240 --> 00:21:24,560 Speaker 1: Klarna has partnered with Chevron allowing you to pay for 473 00:21:24,600 --> 00:21:27,560 Speaker 1: your fill up over six weeks instead of doing it 474 00:21:27,600 --> 00:21:30,320 Speaker 1: in one fell sweep. What a terrible idea, which it's 475 00:21:30,440 --> 00:21:33,080 Speaker 1: it is, But I can see why that sounds alluring 476 00:21:33,119 --> 00:21:35,000 Speaker 1: because you show up to the gas station now and 477 00:21:35,040 --> 00:21:37,920 Speaker 1: you're like, I saw like a cartoon where somebody's looking 478 00:21:37,920 --> 00:21:39,480 Speaker 1: at the gas prices and the attendants like can I 479 00:21:39,520 --> 00:21:42,679 Speaker 1: help you? And he's like, I'm just browsing, which I 480 00:21:42,680 --> 00:21:45,440 Speaker 1: get because prices are insane, and so that feels like 481 00:21:45,480 --> 00:21:46,920 Speaker 1: the kind of reaction you want to have. Yeah, we're 482 00:21:46,920 --> 00:21:50,280 Speaker 1: not used to paying trouble digits uh for a Philip Yeah. 483 00:21:50,320 --> 00:21:53,720 Speaker 1: And in California, like they're basically hitting those numbers for sure, 484 00:21:54,080 --> 00:21:56,240 Speaker 1: and all around the country we're feeling strained because of 485 00:21:56,280 --> 00:21:58,639 Speaker 1: gas prices and buy now, pay later. It's kind of 486 00:21:58,640 --> 00:22:01,040 Speaker 1: taking over the world. You can buy anything you want 487 00:22:01,080 --> 00:22:03,920 Speaker 1: now in an installment plan, and but we would say 488 00:22:03,960 --> 00:22:06,160 Speaker 1: taking out a loan basically, which is what this is 489 00:22:06,359 --> 00:22:08,240 Speaker 1: to put gas in your car. It's a bad idea 490 00:22:08,359 --> 00:22:10,439 Speaker 1: that you're gonna want to avoid, that's right. Yeah. By 491 00:22:10,480 --> 00:22:12,160 Speaker 1: the way, by not pay later, it's about to appear 492 00:22:12,200 --> 00:22:15,359 Speaker 1: on your credit report, and so now it's gonna be 493 00:22:15,480 --> 00:22:18,199 Speaker 1: reported just like your credit card, which actually kind of 494 00:22:18,280 --> 00:22:20,280 Speaker 1: raises a question, right, like why do we dislike by 495 00:22:20,280 --> 00:22:23,840 Speaker 1: not pay later so much? But we like credit cards? Uh? 496 00:22:23,880 --> 00:22:26,400 Speaker 1: And specifical, first of all, it didn't have any bearing 497 00:22:26,400 --> 00:22:28,480 Speaker 1: on your credit report, with it having more of a 498 00:22:28,480 --> 00:22:30,120 Speaker 1: bearing on your credit report. I do think that that's 499 00:22:30,160 --> 00:22:32,040 Speaker 1: a way that obviously you need to pay attention to 500 00:22:32,119 --> 00:22:34,159 Speaker 1: in order to make sure that your credit score is 501 00:22:34,560 --> 00:22:36,399 Speaker 1: UH in a good range when it comes to the 502 00:22:36,400 --> 00:22:39,960 Speaker 1: different loans that you might qualify for, specifically mortgages. But 503 00:22:40,080 --> 00:22:42,560 Speaker 1: also the reason that we've never liked by not pay 504 00:22:42,640 --> 00:22:45,160 Speaker 1: later versus credit cards or because of the benefits. There 505 00:22:45,160 --> 00:22:47,840 Speaker 1: are so many great benefits that you receive from using 506 00:22:47,840 --> 00:22:50,040 Speaker 1: a credit card, and you don't get any of those 507 00:22:50,040 --> 00:22:52,120 Speaker 1: with by not pay later. No, But if they do 508 00:22:52,280 --> 00:22:54,800 Speaker 1: start offering that, I'm sure, like I bet you'll see 509 00:22:54,960 --> 00:22:56,879 Speaker 1: Joel and I start to change our tune totally. What 510 00:22:57,040 --> 00:22:59,080 Speaker 1: if by not pay later, what if they started offering 511 00:22:59,160 --> 00:23:02,520 Speaker 1: rewards like every amount that you you know, channel through 512 00:23:02,520 --> 00:23:05,919 Speaker 1: their by now pay later company certain stores, or discounts 513 00:23:06,000 --> 00:23:08,280 Speaker 1: or points back that you can spend elsewhere. I mean, 514 00:23:08,359 --> 00:23:10,720 Speaker 1: those are the kind of things that will get our attention. 515 00:23:10,920 --> 00:23:12,800 Speaker 1: That makes a lot of sense. And until they start 516 00:23:12,840 --> 00:23:15,720 Speaker 1: offering some benefits like that, which by the way, we 517 00:23:15,800 --> 00:23:18,480 Speaker 1: talked about the many different benefits that you get from 518 00:23:18,560 --> 00:23:20,920 Speaker 1: using a credit card back at episode three eight six. 519 00:23:20,960 --> 00:23:22,439 Speaker 1: So if you haven't listened to that one and you 520 00:23:22,440 --> 00:23:24,440 Speaker 1: want to know why why do manag Jel like credit 521 00:23:24,480 --> 00:23:27,040 Speaker 1: cards so much? Well, there are a host of reasons, 522 00:23:27,040 --> 00:23:29,480 Speaker 1: So listen back to that one. And Joel, you hinted 523 00:23:29,560 --> 00:23:33,119 Speaker 1: at price transparency when it comes to higher education. Uh, 524 00:23:33,200 --> 00:23:36,040 Speaker 1: let's talk about the cost of college unit. Like, we 525 00:23:36,080 --> 00:23:38,119 Speaker 1: believe that free markets that they work best when prices 526 00:23:38,160 --> 00:23:40,880 Speaker 1: are transparent, right, totally. That's why, Like, you can't really 527 00:23:40,880 --> 00:23:43,160 Speaker 1: say that our healthcare system is based on a free 528 00:23:43,160 --> 00:23:46,439 Speaker 1: market because you cannot pricing. It's mostly opaque, it's hidden. 529 00:23:46,720 --> 00:23:49,159 Speaker 1: This of course creates a lot of confusion in general, 530 00:23:49,160 --> 00:23:52,200 Speaker 1: and medical bills from some providers can have little to 531 00:23:52,280 --> 00:23:56,360 Speaker 1: no basis in reality. Talking about that iprofen pill, oh 532 00:23:56,400 --> 00:23:58,119 Speaker 1: my gosh, you know it, stuff like that that just 533 00:23:58,359 --> 00:24:00,560 Speaker 1: is shocking and you're like, this is definitely not a 534 00:24:00,560 --> 00:24:03,240 Speaker 1: free marketing in any way, form or fashion exactly. Yeah, 535 00:24:03,280 --> 00:24:06,520 Speaker 1: So the price transparency of higher education, it's not, you know, 536 00:24:06,600 --> 00:24:10,119 Speaker 1: quite as bad, but it's not great. And luckily the 537 00:24:10,160 --> 00:24:12,680 Speaker 1: state of Florida is actually working to do something about 538 00:24:12,680 --> 00:24:15,359 Speaker 1: this because of a law that just passed last year. 539 00:24:15,800 --> 00:24:19,639 Speaker 1: The state university system. It's now keeping this online database 540 00:24:19,920 --> 00:24:23,919 Speaker 1: that details the average actual earnings four degree programs five 541 00:24:24,119 --> 00:24:27,280 Speaker 1: and ten years after graduation, in addition to the average 542 00:24:27,280 --> 00:24:29,760 Speaker 1: student loaned burdens. So, yeah, you think that's gonna be 543 00:24:29,800 --> 00:24:32,000 Speaker 1: healthful information, maybe if you're in high school or if 544 00:24:32,200 --> 00:24:36,160 Speaker 1: you're the parent one living in Florida. So totally. Man. 545 00:24:36,520 --> 00:24:38,199 Speaker 1: We still believe that college is a good choice for 546 00:24:38,240 --> 00:24:41,000 Speaker 1: a lot of young folks, but the value proposition is 547 00:24:41,040 --> 00:24:43,160 Speaker 1: just not what it used to be, and having these 548 00:24:43,160 --> 00:24:46,200 Speaker 1: figures in hand can provide real confidence in making that choice. 549 00:24:46,240 --> 00:24:48,840 Speaker 1: When you can look at all, right, you can look 550 00:24:48,840 --> 00:24:51,720 Speaker 1: at the debt burden from this school, this type of degree. 551 00:24:51,720 --> 00:24:53,480 Speaker 1: You can look at how much they're making on average 552 00:24:53,520 --> 00:24:55,880 Speaker 1: five a deck, you know, five years a decade out. 553 00:24:55,920 --> 00:24:58,320 Speaker 1: Like that is incredible knowledge to have when it comes 554 00:24:58,320 --> 00:25:00,760 Speaker 1: to just making an informed decision of at your future. Yeah, 555 00:25:00,760 --> 00:25:03,639 Speaker 1: when we're talking earlier about pricing at let's say a 556 00:25:03,640 --> 00:25:06,600 Speaker 1: barbecue joint, and when it's on the signage board and 557 00:25:06,640 --> 00:25:08,640 Speaker 1: I know what I'm paying, I can easily determine whether 558 00:25:08,840 --> 00:25:10,920 Speaker 1: or not it's worth paying for whether I'm going to 559 00:25:11,000 --> 00:25:13,440 Speaker 1: get enough value for the dollars that I'm forking over. 560 00:25:13,640 --> 00:25:15,320 Speaker 1: And we want the same to be true in places 561 00:25:15,320 --> 00:25:18,120 Speaker 1: like health care and the cost of higher education. Most 562 00:25:18,160 --> 00:25:20,400 Speaker 1: of the time those numbers are opaque, they're hard to get, 563 00:25:20,800 --> 00:25:22,560 Speaker 1: and you know, Front of the Show Ron Lieber he 564 00:25:22,600 --> 00:25:26,040 Speaker 1: actually tackled basically the similar subject in his most recent 565 00:25:26,119 --> 00:25:28,720 Speaker 1: article in The New York Times. He notes how some 566 00:25:28,760 --> 00:25:32,200 Speaker 1: schools around the country they're making financial aid numbers more 567 00:25:32,240 --> 00:25:35,280 Speaker 1: readily available via their website. So you know, whether it's 568 00:25:35,359 --> 00:25:37,879 Speaker 1: a law in Florida forcing these schools to make that 569 00:25:37,920 --> 00:25:41,199 Speaker 1: information available, or whether they're just doing it because they 570 00:25:41,240 --> 00:25:44,480 Speaker 1: want to they want to help prospective students out. Either way, 571 00:25:44,520 --> 00:25:46,520 Speaker 1: it's a good idea. But he also mentioned how there 572 00:25:46,520 --> 00:25:48,040 Speaker 1: are a lot of other schools who are keeping that 573 00:25:48,080 --> 00:25:51,520 Speaker 1: information basically under lock and key, behind closed doors, and 574 00:25:51,640 --> 00:25:54,280 Speaker 1: that just makes it incredibly difficult for families trying to 575 00:25:54,280 --> 00:25:57,560 Speaker 1: figure out which college they can afford to attend, Like 576 00:25:57,560 --> 00:26:00,280 Speaker 1: where should I apply because it's a great school, cool 577 00:26:00,400 --> 00:26:03,440 Speaker 1: and and I think my academics can get me accepted, 578 00:26:03,720 --> 00:26:05,720 Speaker 1: but I don't know whether or not I'm going to 579 00:26:05,760 --> 00:26:07,600 Speaker 1: be able to afford it if I do. And so 580 00:26:07,640 --> 00:26:09,840 Speaker 1: one of the things that Ron points out is that, yeah, 581 00:26:09,880 --> 00:26:12,760 Speaker 1: if you've been given the runaround, from the financial aid 582 00:26:12,800 --> 00:26:14,919 Speaker 1: office or or if there are, they aren't offering you 583 00:26:15,080 --> 00:26:18,280 Speaker 1: enough to make attending that school possible. It's okay to 584 00:26:18,359 --> 00:26:20,320 Speaker 1: call and ask for more money. You can have the 585 00:26:20,320 --> 00:26:24,000 Speaker 1: financial aid office to a review and determine whether or 586 00:26:24,080 --> 00:26:27,680 Speaker 1: not you are in need or deserving of more financial aid. 587 00:26:27,720 --> 00:26:30,639 Speaker 1: And so, yeah, it's helpful to have an academic or 588 00:26:30,720 --> 00:26:33,320 Speaker 1: financial reason when you're asking. But yeah, we want to 589 00:26:33,320 --> 00:26:37,080 Speaker 1: see more transparency coming to to these historically opaque markets 590 00:26:37,320 --> 00:26:40,440 Speaker 1: to help folks make better decisions. And taking on more 591 00:26:40,480 --> 00:26:43,679 Speaker 1: debt isn't the right answer, Like that's usually the answer 592 00:26:43,720 --> 00:26:45,560 Speaker 1: that the school is going to give you, like, oh, 593 00:26:45,560 --> 00:26:47,840 Speaker 1: you didn't get enough financial aid, take out another loan, 594 00:26:48,240 --> 00:26:51,320 Speaker 1: But that's not helpful, that's weighing down future you. And 595 00:26:51,359 --> 00:26:54,040 Speaker 1: so yeah, if you want more money saving college information. 596 00:26:54,119 --> 00:26:57,119 Speaker 1: We talked to Ron actually in depth about his newest 597 00:26:57,119 --> 00:26:59,680 Speaker 1: book in episode three thirty seven. But it's good to 598 00:26:59,680 --> 00:27:03,520 Speaker 1: see it. What's happening in Florida kind of that forced transparency, 599 00:27:03,640 --> 00:27:06,000 Speaker 1: it's gonna help a lot of people make better decisions 600 00:27:06,119 --> 00:27:08,719 Speaker 1: and you know, not take on as much debt for 601 00:27:08,720 --> 00:27:11,080 Speaker 1: for their higher education totally and sort of like you 602 00:27:11,080 --> 00:27:12,600 Speaker 1: said it with the restaurants. It does make me think 603 00:27:12,640 --> 00:27:14,480 Speaker 1: about that because that's sort of what's going on here, 604 00:27:14,560 --> 00:27:16,680 Speaker 1: Like that's the difference. Like that is why I think 605 00:27:16,720 --> 00:27:19,560 Speaker 1: we're seeing folks unhappy with the different search charges that 606 00:27:19,560 --> 00:27:21,960 Speaker 1: restaurants are charging, just like you and I are unhappy 607 00:27:22,040 --> 00:27:24,959 Speaker 1: with it because we don't know about it ahead of time, right, 608 00:27:25,000 --> 00:27:27,719 Speaker 1: it's not something. For instance, if all restaurants had that, 609 00:27:27,720 --> 00:27:31,000 Speaker 1: then you're able to compare apples to apples. We have information, 610 00:27:31,280 --> 00:27:33,919 Speaker 1: there's transparency, but when you don't really know it, if 611 00:27:33,920 --> 00:27:36,480 Speaker 1: they're still charging that, and so after you've placed the 612 00:27:36,560 --> 00:27:38,600 Speaker 1: order basically and then you see it listed out, that's 613 00:27:38,600 --> 00:27:40,520 Speaker 1: when it feels kind of slammy and you're like, my 614 00:27:40,520 --> 00:27:42,679 Speaker 1: three other favorite restaurants aren't doing this exactly. Why are 615 00:27:42,720 --> 00:27:45,439 Speaker 1: you guys doing exactly? But then again, similarly, when that happens, 616 00:27:45,560 --> 00:27:47,879 Speaker 1: you don't have to go back. But some of these 617 00:27:47,880 --> 00:27:50,840 Speaker 1: other instances, we're talking higher dollars, we're talking bigger risk, 618 00:27:51,440 --> 00:27:54,240 Speaker 1: you know, like tens of thousands of dollars, those tens 619 00:27:54,320 --> 00:27:57,200 Speaker 1: of dollars exactly. Yeah, and so yeah, similar thing with 620 00:27:57,280 --> 00:27:59,760 Speaker 1: the colleges is it's not uniform across the board. The 621 00:27:59,800 --> 00:28:01,800 Speaker 1: more information we have that the better informed we're going 622 00:28:01,840 --> 00:28:03,280 Speaker 1: to be in, the better decisions we're gonna be able 623 00:28:03,320 --> 00:28:05,760 Speaker 1: to make for our futures. Uh. We got one more 624 00:28:05,800 --> 00:28:08,639 Speaker 1: study to actually get to this new magnified money survey. 625 00:28:08,720 --> 00:28:11,680 Speaker 1: They showed that parents are still paying the cell phone 626 00:28:11,680 --> 00:28:15,400 Speaker 1: bill for their millennial and Gen Z kids in many cases. 627 00:28:15,800 --> 00:28:18,520 Speaker 1: I don't know what your finamily dynamics are if you're listening, 628 00:28:18,520 --> 00:28:20,080 Speaker 1: but you know, once you're living on your own, I 629 00:28:20,080 --> 00:28:21,639 Speaker 1: think it kind of makes sense to pay for your 630 00:28:21,680 --> 00:28:24,399 Speaker 1: monthly cell phone service as well. I think some folks 631 00:28:24,400 --> 00:28:26,800 Speaker 1: think that the family plan is saving everyone money, and 632 00:28:26,840 --> 00:28:28,760 Speaker 1: for a long time, uh, it was, but that's just 633 00:28:28,800 --> 00:28:30,760 Speaker 1: not the case anymore. But back then that the way 634 00:28:31,000 --> 00:28:33,240 Speaker 1: to get the lowest price per line, uh is to 635 00:28:33,280 --> 00:28:36,480 Speaker 1: shove as many people onto one plan as possible. That's 636 00:28:36,480 --> 00:28:38,320 Speaker 1: what we actually did with our We had like a 637 00:28:38,400 --> 00:28:41,120 Speaker 1: Sprint friends and family plan back in the day. On 638 00:28:41,120 --> 00:28:43,120 Speaker 1: that plan that I did not even know. It was 639 00:28:43,160 --> 00:28:45,480 Speaker 1: like friends of friends and I'm like, there's yeah, there. 640 00:28:45,480 --> 00:28:47,960 Speaker 1: They were friends of Kate and I and like you 641 00:28:47,960 --> 00:28:50,040 Speaker 1: had never met them. They were friends of your friends too. 642 00:28:50,040 --> 00:28:51,880 Speaker 1: It was like relatives of that. I'm like, who are 643 00:28:51,880 --> 00:28:53,920 Speaker 1: all these people? But it got are what down to 644 00:28:54,000 --> 00:28:58,160 Speaker 1: twelve bucks a month or something like that exactly? It 645 00:28:58,240 --> 00:29:00,880 Speaker 1: was awesome, but you know longer have to jump through 646 00:29:00,920 --> 00:29:03,560 Speaker 1: all these ridiculous hoops in order to score the lowest 647 00:29:03,560 --> 00:29:07,040 Speaker 1: monthly price. Uh. Y'all know that we love Mitmobile. There 648 00:29:07,080 --> 00:29:10,160 Speaker 1: are great prices first single lines out there where you 649 00:29:10,200 --> 00:29:13,120 Speaker 1: don't have to corral nine of your closest or not 650 00:29:13,160 --> 00:29:15,480 Speaker 1: closest friends. The same thing is true. You know you 651 00:29:15,560 --> 00:29:17,320 Speaker 1: got MIT Mobile. The same thing is true with Visible. 652 00:29:17,800 --> 00:29:20,160 Speaker 1: If you like that Verizon network, go with them. You 653 00:29:20,160 --> 00:29:22,440 Speaker 1: can have a plan with solid levels of data starting 654 00:29:22,480 --> 00:29:24,600 Speaker 1: at fifteen bucks a month. And you know, if you 655 00:29:24,640 --> 00:29:26,680 Speaker 1: decide to stay on the family plan that you've been 656 00:29:26,720 --> 00:29:29,520 Speaker 1: on for years, uh, and your parents are maybe still 657 00:29:29,520 --> 00:29:31,080 Speaker 1: footing the bill, that the nice thing to do is 658 00:29:31,120 --> 00:29:33,880 Speaker 1: at least offer to pay for your portion of the bill. 659 00:29:34,120 --> 00:29:36,080 Speaker 1: I think for a lot of folks, keeping hanging onto 660 00:29:36,080 --> 00:29:37,760 Speaker 1: their old number is kind of like a big deal. 661 00:29:37,960 --> 00:29:39,200 Speaker 1: But you get to keep it. You poured it over 662 00:29:39,200 --> 00:29:41,320 Speaker 1: to well, I just want That's why I want to say, like, 663 00:29:41,320 --> 00:29:43,680 Speaker 1: I mean like we both moved our number multiple times 664 00:29:43,720 --> 00:29:46,360 Speaker 1: from different carriers. Uh. And the latest iteration a few 665 00:29:46,400 --> 00:29:48,560 Speaker 1: years ago moving it over to Sprint, and I still 666 00:29:48,600 --> 00:29:50,800 Speaker 1: got that awesome four or four number. I love that number. 667 00:29:50,800 --> 00:29:52,600 Speaker 1: I feel like it's a part of my identity. I 668 00:29:52,640 --> 00:29:54,160 Speaker 1: get it. You don't want to have to like message 669 00:29:54,160 --> 00:29:56,040 Speaker 1: everybody and be like, you know a new phone, who 670 00:29:56,040 --> 00:29:58,640 Speaker 1: it is? But it is not that difficult. I just 671 00:29:58,680 --> 00:30:00,800 Speaker 1: wanted to put that out there, and the right thing 672 00:30:00,840 --> 00:30:02,600 Speaker 1: to do. If your parents have been putting that bill 673 00:30:02,680 --> 00:30:05,360 Speaker 1: for a lot of years and you've you've probably got 674 00:30:05,360 --> 00:30:07,600 Speaker 1: fifteen bucks a month, right that you can find somewhere. 675 00:30:07,920 --> 00:30:10,400 Speaker 1: And that's the great thing is that it's not nearly 676 00:30:10,400 --> 00:30:12,760 Speaker 1: as painful to save money on your cell phone service 677 00:30:12,800 --> 00:30:15,280 Speaker 1: as it used to be. It was just so annoying 678 00:30:15,320 --> 00:30:16,960 Speaker 1: to try to get into some of those plans, and 679 00:30:17,000 --> 00:30:19,719 Speaker 1: now individuals can get the same low price that everybody 680 00:30:19,720 --> 00:30:22,080 Speaker 1: else can get. Family planers don't really save you money 681 00:30:22,120 --> 00:30:24,920 Speaker 1: these days like they used to do. So that's not right, 682 00:30:25,240 --> 00:30:28,120 Speaker 1: exactly exactly, Well, you'd be in my fave five if 683 00:30:28,120 --> 00:30:30,280 Speaker 1: it was, Matt, So all right, that's gonna do it 684 00:30:30,320 --> 00:30:32,280 Speaker 1: for this episode. For folks who want to see the 685 00:30:32,320 --> 00:30:34,800 Speaker 1: stories that we referenced in this episode, you'll find those 686 00:30:34,920 --> 00:30:36,880 Speaker 1: up on the show notes on our website at how 687 00:30:36,920 --> 00:30:38,760 Speaker 1: to money dot com and will include a link to 688 00:30:38,800 --> 00:30:41,920 Speaker 1: that special deal for student loan refinancing that'll be up 689 00:30:41,920 --> 00:30:44,240 Speaker 1: there to you bet three hundred buckspan. That's a great deal, 690 00:30:45,000 --> 00:30:47,280 Speaker 1: all right, ol Joel. That's gonna be it for this episode, buddy, 691 00:30:47,320 --> 00:31:01,880 Speaker 1: until next time, Best Friends Out, Best Friends Out bo