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

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Speaker 1: we're answering your listener questions. Happy Monday, everybody.

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Speaker 2: Not only Happy Monday, Joel, but happy first had a

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Speaker 2: money episode of the Glorious Month of June. It's a

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Speaker 2: good one. Actually, I just look at the calendar. Happy

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Speaker 2: fortieth birthday to our buddy Lee. You say fortieth, he's

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Speaker 2: much older than that.

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Speaker 1: I'm forty eighth, forty one.

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Speaker 2: Yeah, I said fortieth.

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Speaker 1: You're much older than forty Lee.

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Speaker 2: But he's older than us, that's for sure. Now this

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Speaker 2: is our ask how to Money episode, Joel. We've got

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Speaker 2: some great topics to get to a listener. She's asking

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Speaker 2: about retiring early, and it seems like in her case,

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Speaker 2: target dight phones, they might be coming up a little short.

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Speaker 2: We'll talk about how that's the case. We're gonna take

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Speaker 2: a fugular cheat pertaining to do personal hygiene. We're gonna

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Speaker 2: should I shower often. Yes, we're gonna talk about saving

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Speaker 2: money in the bathroom, but we're gonna keep it clean.

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Speaker 2: We're gonna be talking about a listener who's being forced

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Speaker 2: to paint her house. Joel, you're not gonna believe the

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Speaker 2: last thing that her insurance company said to her, oh

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Speaker 2: little clickbaity style like it. Yeah, yeah, okay.

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Speaker 1: So you mentioned something about retiring early, and it's interesting.

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Speaker 1: There's this new company out there that that launched a

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Speaker 1: couple of different ETFs exchange traded funds so that you

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Speaker 1: can invest specifically for for firefolks. Right, so this is

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Speaker 1: intended to cater to people who want to retire early.

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Speaker 2: Joel, why do you hate fire ETFs? Okay, tell us

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Speaker 2: tell the people.

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Speaker 1: Well, what's fascinating is that when you if you've been

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Speaker 1: inside of or listened to or read anything by people

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Speaker 1: in the fire movement, well, go ahead and to find

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Speaker 1: fire financial independence, retire early. So it's typically people who

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Speaker 1: want to work for twelve fifteen years and they want

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Speaker 1: to save and invest a whole bunch of what they're

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Speaker 1: making so that they can quit work much earlier than

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Speaker 1: the average.

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Speaker 2: Person, even twenty or twenty five years, because even though

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Speaker 2: working career that was twenty five years would be shorter

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Speaker 2: than the traditional will retire at fifty nine and a

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Speaker 2: half or age six or sixty five, probably able to

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Speaker 2: retire in your forties at that point. Right.

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Speaker 1: So, but but it's so fascinating because most of the

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Speaker 1: people in that community would subscribe to kind of our

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Speaker 1: basic investing philosophy, whether it's through real estate or whether

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Speaker 1: it's through low cost index funds. But this new company

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Speaker 1: that offers their own fire specific ETFs, Like, what fire

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Speaker 1: person is going to be interested in this because they

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Speaker 1: have Here's here's the rub. The expense ratios are kind

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Speaker 1: of ridiculous in these funds. There you go, So we

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Speaker 1: talk about how the clincher. That's the clincher. We talk

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Speaker 1: about how important low cost is when we're investing in

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Speaker 1: the Expense ratios on these couple of fire funds that

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Speaker 1: were just launched are zero point sixty seven percent and

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Speaker 1: point eight nine percent, almost a full percentage every single

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Speaker 1: year being taken out. It's really expensive. Yeah, I like

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Speaker 1: when we're when our favorite funds are a fraction of that,

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Speaker 1: they're like literally zero, or they're like three, or they

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Speaker 1: are yeah point zero two point zero three. So who's

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Speaker 1: gonna get behind twenty twenty five x so ridiculous expenses.

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Speaker 1: I think most of the fire crowd is going to

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Speaker 1: see through that. So I think it's just kind of fascinating.

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Speaker 1: This company launched catering to this crowd who is there's

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Speaker 1: very much they're very aware of what they're paying in fees.

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Speaker 2: They should be very attuned to it. And I don't

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Speaker 2: think there's any way that this is going to take off.

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Speaker 2: I was trying to think through like an illustration of

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Speaker 2: like how can we drive this point home for folks,

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Speaker 2: And the actual branding from the site kind of gave

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Speaker 2: me the some inspiration, right because the branding of it,

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Speaker 2: it's like a young couple and they're like in their van.

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Speaker 2: They're on this road trip like trip of a lifetime.

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Speaker 2: You know, they're sitting on top of it. They're gazing

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Speaker 2: up the stars. Very much kind of geared that way,

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Speaker 2: which made me think of sort of the online instagram

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Speaker 2: worthy like posts that you see and so imagine, all right,

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Speaker 2: so here we go, this is there's gona be a

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Speaker 2: little bit of social commentary here in this illustration too.

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Speaker 2: And let's imagine you're young, you're beautiful, You're getting ready.

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Speaker 1: To go on a vacation.

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Speaker 2: I don't even have to imagine that. Please. A lot

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Speaker 2: of times you feel the need to document your trip

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Speaker 2: in a ridiculous sort of way, like you are setting

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Speaker 2: up the perfect shots everything it's it's got to be

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Speaker 2: picture perfect, man, it's got to the aesthetic, it's got

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Speaker 2: to be on point.

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Speaker 1: You didn't post on Instagram, did it even Did you

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Speaker 1: actually even take that road trip?

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Speaker 2: Did you take that vacation? Did you take that Did

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Speaker 2: you go to the same resort that they filmed the

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Speaker 2: latest White Lotus exactly? Like that's literally what people are doing.

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Speaker 2: And but what happens when you are so obsessed with

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Speaker 2: the the perception of this beautiful trip, if you are

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Speaker 2: so obsessed with like you can't even eat your meal,

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Speaker 2: like and you see sometimes you'll see I don't know

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Speaker 2: if you see folks. I've seen folks out like at

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Speaker 2: nicer restaurants and like, you can't even they haven't even

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Speaker 2: touched the food because it's got to be like, oh,

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Speaker 2: I got to set it up just right and make

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Speaker 2: sure the lighting's right and all this. What does that

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Speaker 2: do to the actual vacation or to the actual meal.

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Speaker 2: It sucks all the fun, It sucks all the joy

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Speaker 2: out of it. And you're not really actually having a vacation,

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Speaker 2: you're not taking the trip. You're almost somehow almost even

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Speaker 2: turns into work, right, And so the very thing that

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Speaker 2: you think you need to do in order to have

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Speaker 2: a fulfilling vacation. It's like the thing that undermines the

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Speaker 2: entire thing. That's how I see these funds. They're touting

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Speaker 2: these funds as like, oh, this is the ticket man, Like,

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Speaker 2: this is how you're gonna be able to sit on

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Speaker 2: top of that VDA Westphalia with your significant other watching

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Speaker 2: the stars. This is how you're gonna have the cool

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Speaker 2: leather strap backpack walking down the road with the desert

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Speaker 2: stretching out before you.

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Speaker 1: And for that, oh, how'd you take that picture?

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Speaker 2: By the way, Oh, we set up a tripod, right,

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Speaker 2: all that kind of stuff. Hopefully this is a helpful

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Speaker 2: way for folks to think about some of these funds.

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Speaker 2: It's something that is completely not necessary to the actual

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Speaker 2: goal of being able to retire early. If that's something

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Speaker 2: that you want to do.

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Speaker 1: Let's get to a listener question about investing. But first

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Speaker 1: we'll mention the beer we're having on the show. This

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Speaker 1: is called Black Quad. It's by Real Ale Brewing. We'll

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Speaker 1: give our thoughts on this one at the end of

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Speaker 1: the episode, and if you have a money question, we

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Speaker 1: want to hear it. Go to how tomoney dot com.

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Speaker 2: Slash.

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Speaker 1: Ask for the simple instructions to basically record your question

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Speaker 1: for us, send it over via email. Super simple, take

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Speaker 1: you a few minutes, and hopefully we can take it

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Speaker 1: next week on the show, Matt, let's get to a

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Speaker 1: question from a listener. She's asking about investing in target

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Speaker 1: date funds. She's got kind of a nuanced question on this.

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Speaker 3: Hi, Matt Joel, this is Brie from Illinois. I have

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Speaker 3: a question about my four oh one K I currently

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Speaker 3: have it invested in a target date fund where it

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Speaker 3: says I'm going to retire when I'm sixty four, but

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Speaker 3: my current goals are to retire when I'm fifty five

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Speaker 3: and probably work part time after I retire. I'm wondering

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Speaker 3: if I should switch my investments over to a target

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Speaker 3: date fund of retiring one i'm fifty five, or if

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Speaker 3: I should just keep it where it is. And if

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Speaker 3: I'm switching it, should I look at the market conditions

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Speaker 3: and kind of time it according to that I have

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Speaker 3: a Fidelity account and I'm thirty six years old. I

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Speaker 3: really appreciate your feedback.

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Speaker 2: Thanks all right, Bri, Thank you so much for sending

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Speaker 2: your voice memo in and man target date funds. Let's

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Speaker 2: talk about them, because they can be an excellent choice,

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Speaker 2: especially if you are with one of the low cost providers.

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Speaker 2: Fidelity specifically, they are one of those low cost providers

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Speaker 2: sort of here and I'll explain why, because they offer

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Speaker 2: two different kinds of target date funds, one that is

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Speaker 2: actively managed and it actually comes with a much higher

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Speaker 2: expense ratio, and then another that is passive and is

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Speaker 2: index space.

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Speaker 1: It's easy to get tripped up when you're looking at

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Speaker 1: those Fidelity target date funds, Matt, because they both named

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Speaker 1: incredibly aim similarly.

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Speaker 2: Simply.

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Speaker 1: I just wish they would change the branding on those

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Speaker 1: so that people could understand the difference. But you actually

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Speaker 1: have to click through and look at the expense ratio

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Speaker 1: so you know you're looking at the right one.

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Speaker 2: And it's I guess I don't want to completely throw

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Speaker 2: Fidelity under the butt. The the actively managed fund, it

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Speaker 2: like if you're a Browsinger site and perusing it is

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Speaker 2: under like the actively managed section, but the actual name

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Speaker 2: of the fund they are both called Freedom like whatever,

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Speaker 2: like let's Freedom thirty five whatever, But the one that

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Speaker 2: charges a much lower rate has Freedom let's say Freedom

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Speaker 2: Index twenty thirty five or whatever as opposed to just

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Speaker 2: freedom twenty thirty five. Make sure you choose the index,

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Speaker 2: the one with the index, because that the actively managed

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Speaker 2: comes with that. I mean I think it's around a

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Speaker 2: half a percent higher expense at least that's associated with that.

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Speaker 2: So this is something like ten x higher expenses.

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Speaker 1: Significant difference, yea. So keeping it out for that, Let's

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Speaker 1: talk about target day funds in general. And the point

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Speaker 1: really with the target date fund is, I don't know

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Speaker 1: matter if you remember those infomercials the Ron po Peel

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Speaker 1: rotissary cooker where he's like, set it and forget it,

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Speaker 1: and then he would yell that out and the crowd

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Speaker 1: would yell it back at him.

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Speaker 2: I watched a lot of infomercials when I was.

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Speaker 1: A kid, classic infomercial. I love the crowd participation. Yes,

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Speaker 1: so good. So that's what a target date fund is

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Speaker 1: for most people. Is like literally a simple choice and

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Speaker 1: then you never have to rethink it the rest of

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Speaker 1: your life, and it will automatically you know, your dollar

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Speaker 1: cost averaging into that one fund for life, and then

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Speaker 1: the holdings inside of that fund will change over time.

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Speaker 1: I think what I love about this, and maybe it's

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Speaker 1: because my brain power is already lacking in some ways.

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Speaker 1: But what you have to bring to.

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Speaker 2: The experiencing cognitive decline come on, it's coming.

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Speaker 1: But like the brain power you have to bring to

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Speaker 1: this decision is minimal, which we're all for. We talk

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Speaker 1: about simplicity, like as long as the choice is simple

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Speaker 1: and you understand why you're making the simple choice, that

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Speaker 1: can be the best move for you. Like you don't

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Speaker 1: have to overcomplicate things. All you gotta do is toss

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Speaker 1: cash in regularly, and hey, over the years, you'll see

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Speaker 1: compounding returns. The only real negative thing though, that I

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Speaker 1: would have to say about target date funds is to

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Speaker 1: watch out for those high expenses, right because the Fidelity

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Speaker 1: funds that's one example of that. But then also when

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Speaker 1: you're talking about with other non low cost brokerage firms,

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Speaker 1: the expense ratios on target date funds can be egregious

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Speaker 1: and also just one of the things they could be

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Speaker 1: too conservative actually for younger investors. So Bree, just note

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Speaker 1: that one hundred percent stock portfolio is likely to outperform

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Speaker 1: a target date fund over decades. Yes, so even if

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Speaker 1: we're just talking about a target date fund that's way

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Speaker 1: off in the future, like twenty sixty or twenty sixty

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Speaker 1: five exactly that that is less conservative right by nature,

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Speaker 1: because you've got many decades until you reach retirement. Those

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Speaker 1: are still more conservative than an all stock portfolio in

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Speaker 1: something like a total stock market or an SP five

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Speaker 1: hundred in next fund totally and Bri is in her thirties.

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Speaker 1: For younger investors, they are not aggressive enough. You want

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Speaker 1: that volatility and like even because not just because volatility

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Speaker 1: is fun, but because it leads to better it.

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Speaker 2: Leads to higher turns. Yeah, because you're exposing yourself to

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Speaker 2: that volatility. And even if you are looking at a

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Speaker 2: target date fund with bond exposure of like that's minimal,

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Speaker 2: something like nine to fifth teen percent, that is still

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Speaker 2: too bond heavy, at least in my personal opinion. And yes,

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Speaker 2: that tends to smooth out the ride when that market

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Speaker 2: volatility is high, but it also reduces those returns over time.

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Speaker 2: So for instance, vou vanguards s and P five hund

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Speaker 2: etf it has returned over ninety percent over the past

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Speaker 2: five years, while Vanguard's twenty sixty five fund has returned

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Speaker 2: sixty percent over.

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Speaker 1: That same time. So given a significant difference in a

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Speaker 1: given month or two. You might be talking about negligible differences.

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Speaker 1: But once you overtime time horizon, like you're saying even

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Speaker 1: just five years, which in breeze time horizon like that's

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Speaker 1: still not a whole lot of time, the gap can

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Speaker 1: grow significantly. It compounds. And Matt I Summer, the first

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Speaker 1: person who told me about investing basically praise target date

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Speaker 1: fund funds to the max, and so I was like, okay,

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Speaker 1: all right, target date funds must be the way to go.

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Speaker 1: And then I started doing my research and I listened

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Speaker 1: to more people, and I ended up switching out of

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Speaker 1: target ding fight into like total stock market type fund

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Speaker 1: index funds.

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Speaker 2: One.

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Speaker 1: The costs are a little bit lower, but that wasn't

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Speaker 1: the real reason.

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Speaker 2: It was.

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Speaker 1: Hey, I think, especially given my age, I'm just too

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Speaker 1: conservative right now. Even though it feels like I don't

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Speaker 1: know the gap is maybe it's not significant, But in reality,

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Speaker 1: over the last ten years, I've done a whole lot

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Speaker 1: better by being invested in those index funds than I

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Speaker 1: have by being invested in a target date fund. If

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Speaker 1: I'd kept it the same, my net worth would be smaller.

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Speaker 1: So I think over the long haul, breeze more stock

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Speaker 1: exposure is good, and you've got time on your side

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Speaker 1: to endure drawbacks without batting an eye. If you were

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Speaker 1: let's say fifty six, it'd be a different conversation. Let's

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Speaker 1: talk about let's get to the heart of breeze question though, Matt,

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Speaker 1: which target date fund is right for her? And you

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Speaker 1: might think that the answer is straightforward and for most folks,

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Speaker 1: I would say it probably is. You're picking the target

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Speaker 1: date fund that has the date closest to when you're

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Speaker 1: likely to retire, because not long after you retire, you're

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Speaker 1: drawing down on those funds. But I'd also say this,

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Speaker 1: it's not just about when you're planning on quitting. It's

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Speaker 1: actually more about when you think you're going to need

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Speaker 1: the money you've been saving up, Like when or are

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Speaker 1: you going to actually tap those funds? So just because

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Speaker 1: you quit your job, well, I don't know, you might

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Speaker 1: have other sources of income. Just like Brie said, She's like, Hey,

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Speaker 1: I'm going to probably be working part time. Let's say

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Speaker 1: you're a real estate investor. Well, yeah, are you actually

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Speaker 1: going to need to tap those funds, Brie? When you

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Speaker 1: quit your main full time job or because you still

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Speaker 1: have income, are you going to be able to keep

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Speaker 1: investing even after you retire quote unquote from full time work.

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Speaker 1: So my guess is you're still going to prioritize investing

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Speaker 1: and growing those dollars at least to some degree. And

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Speaker 1: if so, I would likely go with something further off,

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Speaker 1: like the twenty sixty five target date fund, so that

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Speaker 1: you're you are investing more aggressively because you're not actually

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Speaker 1: going to be withdrawing those funds immediately upon retirement. We're

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Speaker 1: thinking about more your draw down timeline than like you're

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Speaker 1: I'm retiring for full time work date.

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Speaker 2: Totally, and realize too, that what we're actually recommending here

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Speaker 2: is for you to do the opposite of what it

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Speaker 2: is that you're asking, because you are currently set up

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Speaker 2: to retire at age I think you said sixty five,

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Speaker 2: but you're instead thinking about retiring at age fifty five.

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Speaker 2: And so what you're asking was that so she's like

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Speaker 2: thirty six, so she's thinking about retiring in age fifty five,

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Speaker 2: so twenty years from now. So what you're considering moving

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Speaker 2: too is a twenty forty five fund, And so it

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Speaker 2: sounds like you're currently in a twenty fifty five fund

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Speaker 2: and you're like Okay, should I move it to a

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Speaker 2: twenty forty five fund, But what we are actually recommending

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Speaker 2: is for you to definitely not do that, but to

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Speaker 2: actually do the opposite, not to go from a twenty

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Speaker 2: fifty five to a twenty forty five, but to go

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Speaker 2: from a twenty fifty five fund to a twenty sixty

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Speaker 2: five fund, something that is or something that does have

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Speaker 2: a longer runway in order for you to have that

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Speaker 2: exposure to the stocks, which is going to lead to

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Speaker 2: higher returns for you. So that's I think that's the

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Speaker 2: most important thing here is Like naturally you think, oh

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Speaker 2: I'm going to retire early, there I need to be

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Speaker 2: looking at a fund.

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Speaker 1: That is targeted for that date.

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Speaker 2: But especially given your case, the fact that you're talking

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Speaker 2: about this only being a partial retirement, you don't necessarily

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Speaker 2: you have that flexibility to not tap those funds and

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Speaker 2: for you to essentially weather any ups or downs in

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Speaker 2: the current market.

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Speaker 1: And I do think that desire to retire early Matt,

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Speaker 1: actually means you should probably be even more aggressive right

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Speaker 1: now because it means you're investing for an even longer

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Speaker 1: time horizon from a draw down perspective. So instead of

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Speaker 1: a traditional like twenty five year retirement. So you retire

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Speaker 1: sixty five and you need that money until you're ninety,

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Speaker 1: Well you might be talking really about a forty year

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Speaker 1: retirement here.

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Speaker 2: So I think the.

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Speaker 1: Goal to grow your nest egg, well, it's even more

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Speaker 1: important in these years when you're farther away from needing

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Speaker 1: that money totally.

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Speaker 2: Yeah, So, like as we're talking about risks, it's not

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Speaker 2: something that you want to completely take off the table.

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Speaker 2: You still want stock exposure in retireronment, and in a

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Speaker 2: target date fund you'll have roughly fifty percent stock exposure

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Speaker 2: once you hit that retirement date. Anyway, interestingly enough, the

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Speaker 2: twenty fifty five and the twenty sixty five target date

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Speaker 2: funds they actually look really similar right now if you

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Speaker 2: if you compare their portfolio allocations almost the exact same.

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Speaker 2: But that being said, I think the twenty fifty five

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Speaker 2: fund will get conservative more quickly in the coming years.

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Speaker 2: So I think this is a case of horseshoes. You're

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Speaker 2: not going to nail it exactly, but I do think

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Speaker 2: a twenty sixty five fund will get you closer to

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Speaker 2: where you want to go, and if you do want

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Speaker 2: to make any changes, I think looking to more stock

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Speaker 2: heavy options over the next decade is probably the move

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Speaker 2: that I would make. You asked about timing the market,

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Speaker 2: I wouldn't necessarily worry about that. I would just continue

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Speaker 2: to dollar cost average into the market. If you are uncomfortable.

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Speaker 2: This is within a retirement account, so you're not going

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Speaker 2: to get taxed for you to sell. And so, but

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Speaker 2: that being said, if you're uncomfortable selling and moving in

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Speaker 2: a different direction, maybe just future contributions, put those towards

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Speaker 2: the twenty sixty five or even a twenty seventy fund,

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Speaker 2: and then over time you got a little bit of both,

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Speaker 2: and that can allow you to feel more comfortable with

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Speaker 2: the decisions you're making.

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Speaker 1: Matt's in a twenty one to fifty fund. So it's

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Speaker 1: like when the aliens come to earth, Like, what's crazy.

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Speaker 2: It's like, you say twenty seventy and that sounds insane,

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Speaker 2: it does. It really sounds so far, Well sound crazy

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Speaker 2: to say that out loud, but like that's dude, We're

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Speaker 2: going to be like in our like golden retirement years

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Speaker 2: at that point for sure. Okay, I have a question

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Speaker 2: for you.

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Speaker 1: Some people, Matt, think that Okay, if you're investing in

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Speaker 1: a target date fund, you shouldn't have exposure to any

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Speaker 1: other fund besides that. I actually kind of disagree, and

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Speaker 1: I think maybe another option for Bree here is to say,

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Speaker 1: you know what, I'm going to keep half in a

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Speaker 1: target date fund and then the other half in a

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Speaker 1: low cost index fund, having exposure to both, and essentially

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Speaker 1: on purpose choosing to have more specific us dock exposure

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Speaker 1: in addition to the target day fund. That you can

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Speaker 1: balance that over time.

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Speaker 2: And that's kind of.

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Speaker 1: Paul Merriment approach. I was gonna say, that's kind of

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Speaker 1: what Paul Merriman, who's been on the show, talks about.

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Speaker 1: But I feel like when you hear any financial planner

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Speaker 1: who talks, they're like, no target it's either one target

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Speaker 1: day fund or you choose another path, like you don't

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Speaker 1: do both. But I actually disagree, and I think you

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Speaker 1: can do both, and I think it can make sense.

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Speaker 1: All right, Matt, we got more questions to get to,

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Speaker 1: including one about which retirement account makes the most sense.

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Speaker 1: But there's some state specific tax rules that might make

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Speaker 1: one retirement account we love look really bad. We'll talk

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Speaker 1: about that and more right for.

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Speaker 2: This, right, buddy, we are back from the break and

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Speaker 2: we will get to that question regarding the prioritization of

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Speaker 2: different retirement accounts, but we now have a question from

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Speaker 2: a listener who he's in a shopping conundrum and he wants.

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Speaker 1: To know what you would have done in his situation.

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Speaker 4: Hey, Matt Joel, this is Nate from Texas and I

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Speaker 4: had a frugal or cheap moment pop into my life

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Speaker 4: the other day that I thought you guys might have

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Speaker 4: some fun discussing. So I was due to buy more

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Speaker 4: shaving raisers, and typically I buy the twelve pack, which

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Speaker 4: is the largest size they offered, because you know, Bolk

402
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Speaker 4: prices lowest cpu and those usually cost just under forty

403
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Speaker 4: five dollars. While I was looking around, I noticed there

404
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Speaker 4: was another twelve pack of the very same brand, but

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Speaker 4: a slightly different model, in a spot marked for twenty dollars.

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Speaker 4: And at the time, I thought to myself, there's no

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Speaker 4: way that's right. Plus it's not my usual model. I'll

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Speaker 4: just go for the devil, I know. And it was

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Speaker 4: only after I got home that I realized I almost

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Speaker 4: certainly could have gotten the twenty dollars ones and gotten

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Speaker 4: the store to honor the price even if it was wrong,

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Speaker 4: and it probably would have been the exact same experience

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Speaker 4: for me shaving. So had the thought occurred to me

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Speaker 4: and I did that, do you guys think it would

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Speaker 4: have been frugal or cheap? On the one hand, you

416
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Speaker 4: could argue it was frugal, they made a mistake and

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Speaker 4: I was simply seizing the opportunity to save a few

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Speaker 4: bucks on a ridiculously expensive but necessary purchase. On the

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Speaker 4: other hand, I could see the argument that it was

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Speaker 4: cheap since I knew that it was kind of ripping

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Speaker 4: off the company and someone had obviously made a mistake,

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Speaker 4: although again you could argue that after I did that,

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Speaker 4: the manager probably would have sent someone to correct the price.

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Speaker 4: So I'm curious what you guys think the right answer

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Speaker 4: would have been in that situation.

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Speaker 1: Thanks for all you do, man.

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Speaker 2: I always love a good frugler. Cheap Nate's got some

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Speaker 2: shopping regirts. It's like I should have done it.

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Speaker 1: I should have done it. Can't live your life looking

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Speaker 1: in the rear of your mirror. But we will offer

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Speaker 1: some advice here. I one, I gotta say, I love

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Speaker 1: that Nate is buying in bulk here of course. Yeah,

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Speaker 1: so when you buy more razors, when you buy like

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Speaker 1: the three pack or something like that, You're you're definitely

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Speaker 1: overpaying per razor. Well that's all they sell it Aldi,

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Speaker 1: So that's uh a three pa that's all I think. Okay,

437
00:20:34,280 --> 00:20:35,760
Speaker 1: but I will say, and we should get to that.

438
00:20:35,800 --> 00:20:37,679
Speaker 1: Are you still using the Aldi razors right now?

439
00:20:38,160 --> 00:20:38,520
Speaker 2: Okay?

440
00:20:38,640 --> 00:20:40,920
Speaker 1: The Likura brand.

441
00:20:41,119 --> 00:20:41,760
Speaker 2: It sounds French.

442
00:20:42,119 --> 00:20:43,359
Speaker 1: Yeah, it doesn't feel French.

443
00:20:44,840 --> 00:20:47,840
Speaker 2: Are they Are they inferior the Okay? They I don't

444
00:20:47,960 --> 00:20:49,879
Speaker 2: know if I'm going to recommend those razors to Okay,

445
00:20:50,000 --> 00:20:51,320
Speaker 2: to folks like, it's.

446
00:20:51,160 --> 00:20:54,560
Speaker 1: Not your honesty, because you you say all good things

447
00:20:54,560 --> 00:20:56,240
Speaker 1: about all the typically I was trying them out.

448
00:20:56,280 --> 00:20:59,080
Speaker 2: And it's not that I can't get a close shave.

449
00:20:59,119 --> 00:21:00,520
Speaker 2: I feel like when I shave with I'm able to

450
00:21:00,520 --> 00:21:02,879
Speaker 2: get a nice, you know, close shave or whatever. But

451
00:21:02,920 --> 00:21:06,040
Speaker 2: it's I've noticed that I've been nicking myself more often.

452
00:21:06,080 --> 00:21:08,399
Speaker 2: So I don't know if that's because the quality of

453
00:21:08,400 --> 00:21:11,439
Speaker 2: the blades aren't as high as before that.

454
00:21:11,480 --> 00:21:13,560
Speaker 1: I had Harry's you know, the Harry's razors or.

455
00:21:13,560 --> 00:21:15,680
Speaker 2: Whatever, and I'd been using those razors for like a

456
00:21:15,760 --> 00:21:17,840
Speaker 2: couple of years, and I'd never cut myself to those

457
00:21:18,000 --> 00:21:19,200
Speaker 2: better with those, Okay.

458
00:21:18,920 --> 00:21:19,880
Speaker 1: So it seems very clear.

459
00:21:20,040 --> 00:21:22,119
Speaker 2: I don't know if it's the fact that the harries

460
00:21:22,119 --> 00:21:25,760
Speaker 2: theer's like five blades or something like that versus three blades.

461
00:21:25,800 --> 00:21:28,399
Speaker 2: I don't know what's up with the Aldie brand. But

462
00:21:28,440 --> 00:21:30,280
Speaker 2: that being said, I don't know if I can recommend

463
00:21:30,440 --> 00:21:31,919
Speaker 2: the Aldie ones. It's good to know.

464
00:21:32,080 --> 00:21:34,200
Speaker 1: Yeah, okay, so I do think I'll do it buying

465
00:21:34,200 --> 00:21:35,879
Speaker 1: more at a time typically, even if you're buying the

466
00:21:35,920 --> 00:21:37,800
Speaker 1: NAHB brand, that I'll help you save a little bit.

467
00:21:37,840 --> 00:21:41,480
Speaker 1: But I think also it's where you buy matters, right,

468
00:21:41,560 --> 00:21:44,720
Speaker 1: So if you're buying in bulk at Costco versus maybe

469
00:21:44,760 --> 00:21:47,680
Speaker 1: another store, you could save more buying your Costco. It

470
00:21:47,760 --> 00:21:49,520
Speaker 1: might be more than a twelve pack. I think sometimes

471
00:21:49,520 --> 00:21:51,800
Speaker 1: they sell like twenty and thirty packs of razors, so

472
00:21:51,960 --> 00:21:53,639
Speaker 1: maybe you're set for like razors for the rest of

473
00:21:53,680 --> 00:21:58,240
Speaker 1: your life many years. Yes, I think too. Despite your

474
00:21:58,720 --> 00:22:00,800
Speaker 1: run in with these Aldie blades and them not being

475
00:22:01,200 --> 00:22:05,080
Speaker 1: the best personally, I'm I'm often willing to try and

476
00:22:05,119 --> 00:22:07,920
Speaker 1: experiment with a cheaper make or model on stuff, yep,

477
00:22:08,320 --> 00:22:10,159
Speaker 1: just to see if it holds up or if it's

478
00:22:10,200 --> 00:22:11,760
Speaker 1: good enough, and then you know what, Luckily.

479
00:22:11,560 --> 00:22:14,200
Speaker 2: Everyone can learn from my mistake and avoid the Licura

480
00:22:14,400 --> 00:22:15,800
Speaker 2: brand from all at.

481
00:22:15,760 --> 00:22:17,840
Speaker 1: Least with Aldi though, right, they've got the double guarantee,

482
00:22:17,920 --> 00:22:19,359
Speaker 1: so you can take it back to the store and

483
00:22:19,400 --> 00:22:22,040
Speaker 1: be like, hey, this wasn't great. Yeah, well so if

484
00:22:22,080 --> 00:22:23,879
Speaker 1: there's a return policy, that's pretty generous.

485
00:22:23,920 --> 00:22:26,240
Speaker 2: So that raises a whole other aspect of Nate's question,

486
00:22:26,280 --> 00:22:28,560
Speaker 2: which I personally think he's overthinking it, okay, like he

487
00:22:28,680 --> 00:22:31,240
Speaker 2: seem and I don't know if like my has my

488
00:22:31,320 --> 00:22:32,200
Speaker 2: virtue expired?

489
00:22:32,359 --> 00:22:34,080
Speaker 1: Joel? Like, do I need to be more? Did it

490
00:22:34,119 --> 00:22:36,800
Speaker 1: ever exist? It's a better question, do my ethics need

491
00:22:36,840 --> 00:22:38,840
Speaker 1: to tune up? I see a deal?

492
00:22:38,920 --> 00:22:40,440
Speaker 2: So if I see something marked like that on the

493
00:22:40,440 --> 00:22:44,640
Speaker 2: shelf and I'm pouncing like I am one saying oh yeah, nope,

494
00:22:44,640 --> 00:22:46,760
Speaker 2: I mean it's a no brainer, even though it might

495
00:22:46,760 --> 00:22:49,800
Speaker 2: be a different model. It sounds like he was like, Okay, well,

496
00:22:49,840 --> 00:22:52,879
Speaker 2: it's just not something that I've used before. Not necessarily

497
00:22:52,880 --> 00:22:55,840
Speaker 2: that it's an inferior model, it's just something that was different.

498
00:22:56,359 --> 00:22:57,960
Speaker 2: But he seemed to think that he didn't want to

499
00:22:57,960 --> 00:23:00,760
Speaker 2: take advantage of a mistake.

500
00:23:00,840 --> 00:23:03,440
Speaker 1: Perhaps I'm katally taking advantage of mistakes. So here's so

501
00:23:03,440 --> 00:23:05,080
Speaker 1: it makes me think of our conversation not too long

502
00:23:05,080 --> 00:23:08,359
Speaker 1: ago with Scott Kuyes, who runs Going which was formerly

503
00:23:08,680 --> 00:23:11,480
Speaker 1: called Scott's Chief Flights, and Scott's all about helping people

504
00:23:11,520 --> 00:23:15,600
Speaker 1: get the best airfare deals possible, and we specifically talked

505
00:23:15,640 --> 00:23:20,080
Speaker 1: about mistake fares, and we asked whether people are getting fired.

506
00:23:20,359 --> 00:23:22,320
Speaker 1: Right if one of those mistake fares goes out and

507
00:23:22,359 --> 00:23:25,120
Speaker 1: people get that like four hundred and eighty dollars round

508
00:23:25,160 --> 00:23:28,880
Speaker 1: trip ticket to Tokyo or something like that, is someone

509
00:23:28,920 --> 00:23:30,480
Speaker 1: getting fired because they pressed the wrong button?

510
00:23:30,520 --> 00:23:32,159
Speaker 2: He said, no, typically not. I don't think so.

511
00:23:32,560 --> 00:23:36,199
Speaker 1: But those mistake fars are they're often short lived, but

512
00:23:36,200 --> 00:23:37,320
Speaker 1: they're the best deals out there.

513
00:23:37,320 --> 00:23:39,520
Speaker 2: I don't know if that's the confidence that Nate's looking for, Like,

514
00:23:39,560 --> 00:23:42,199
Speaker 2: I don't think they're getting fired, but maybe they're getting fired. Well.

515
00:23:42,240 --> 00:23:45,000
Speaker 1: I think just because someone made a mistake doesn't mean

516
00:23:45,040 --> 00:23:47,560
Speaker 1: you don't book the deal. It's fair game, right, And

517
00:23:48,080 --> 00:23:50,880
Speaker 1: Scott's obviously telling all his followers, Hey, there's this great

518
00:23:50,880 --> 00:23:53,359
Speaker 1: deal out there. I think it's different maybe if this

519
00:23:53,560 --> 00:23:56,320
Speaker 1: was a placement issue, because that could be if it

520
00:23:56,400 --> 00:23:58,640
Speaker 1: was just like literally on the wrong spot on the shelf,

521
00:23:58,680 --> 00:24:00,320
Speaker 1: that could have been an employee or that could have

522
00:24:00,320 --> 00:24:03,640
Speaker 1: been a shopper putting the thing back in the wrong place.

523
00:24:03,680 --> 00:24:05,560
Speaker 1: And then you're like, but it was behind the twenty

524
00:24:05,600 --> 00:24:08,520
Speaker 1: dollars sign, but that's obviously that was clearly reserved for

525
00:24:08,560 --> 00:24:11,400
Speaker 1: another item, a different razor. I will say this though,

526
00:24:11,480 --> 00:24:13,720
Speaker 1: you know, because it's a slightly different model, it could

527
00:24:13,720 --> 00:24:15,720
Speaker 1: just be something that didn't work in the marketplace.

528
00:24:15,760 --> 00:24:16,360
Speaker 2: They tried it out.

529
00:24:16,400 --> 00:24:18,160
Speaker 1: They threw it against the wall to see university, That's

530
00:24:18,160 --> 00:24:20,880
Speaker 1: what I think, and they're saying, okay, now we're discounting

531
00:24:20,880 --> 00:24:22,720
Speaker 1: it heavily to get rid of it there. And there

532
00:24:22,760 --> 00:24:27,000
Speaker 1: are whole businesses built around this model to sell things

533
00:24:27,000 --> 00:24:30,320
Speaker 1: at a discount that just didn't work. There's big lots, right,

534
00:24:30,520 --> 00:24:33,400
Speaker 1: there's I've been getting ads lately, Matt for this, this

535
00:24:34,080 --> 00:24:37,920
Speaker 1: website that sells discount snacks because guess.

536
00:24:37,760 --> 00:24:38,399
Speaker 2: What, maybe it was.

537
00:24:40,840 --> 00:24:44,520
Speaker 1: Because maybe they were the chips or the oatmeal bites

538
00:24:44,600 --> 00:24:47,560
Speaker 1: or whatever it is, or or the Dave Chan noodles,

539
00:24:47,560 --> 00:24:50,000
Speaker 1: the two versions that that people was at Dave Chan

540
00:24:50,119 --> 00:24:54,280
Speaker 1: what's what's his name? The h Yeah, So like it's

541
00:24:54,320 --> 00:24:57,439
Speaker 1: like the two kinds that nobody wanted that are sold

542
00:24:57,480 --> 00:24:59,800
Speaker 1: at half price and normally you wouldn't able to get

543
00:24:59,840 --> 00:25:01,439
Speaker 1: them cheap. And this is just the kind of thing

544
00:25:01,480 --> 00:25:04,119
Speaker 1: that happens in the marketplace all the time. It's like,

545
00:25:04,160 --> 00:25:05,920
Speaker 1: this was a failed product, We'll sell it for cheaper

546
00:25:05,920 --> 00:25:07,359
Speaker 1: over here. It's like I used to be willing to

547
00:25:07,359 --> 00:25:09,879
Speaker 1: pay for the chili crisp, but these are the chili chunks.

548
00:25:10,160 --> 00:25:13,560
Speaker 1: So I don't know if that's honestly, it's exactly like that,

549
00:25:13,600 --> 00:25:15,439
Speaker 1: Like they're like, well, we'll test this product out, it

550
00:25:15,480 --> 00:25:17,159
Speaker 1: doesn't work, and then they have to sell it to

551
00:25:17,480 --> 00:25:18,120
Speaker 1: a discounter.

552
00:25:18,280 --> 00:25:21,159
Speaker 2: These are the chili chewies. That's right. No, I totally agree.

553
00:25:21,200 --> 00:25:24,160
Speaker 2: I thin because like maybe it's just a color. Maybe

554
00:25:24,520 --> 00:25:26,359
Speaker 2: they're like, oh, guys, you know what, we thought that

555
00:25:26,480 --> 00:25:30,720
Speaker 2: the blood red razor handle with the blood red razor head,

556
00:25:30,800 --> 00:25:31,360
Speaker 2: we thought.

557
00:25:31,119 --> 00:25:32,240
Speaker 1: That that would sell like hotcakes.

558
00:25:32,280 --> 00:25:34,439
Speaker 2: Sounds cool, And it turns out that dudes don't like

559
00:25:34,520 --> 00:25:37,919
Speaker 2: looking at an aggressively red razor when they're looking for

560
00:25:37,960 --> 00:25:41,320
Speaker 2: a smooth, cool shave in the morning. Maybe the market

561
00:25:41,320 --> 00:25:43,800
Speaker 2: doesn't like the tied eye raisor see a little too wacky,

562
00:25:43,960 --> 00:25:46,080
Speaker 2: I would losers. I guess we're gonna have to mark

563
00:25:46,119 --> 00:25:48,280
Speaker 2: it down just to get it off the shelves. Yeah, yeah,

564
00:25:48,280 --> 00:25:49,639
Speaker 2: I totally agree. I think there are all sorts of

565
00:25:49,640 --> 00:25:52,320
Speaker 2: different reasons like that that would lead up manufacturer to

566
00:25:52,400 --> 00:25:54,920
Speaker 2: drop the price in order to you know, move that product.

567
00:25:55,080 --> 00:25:57,440
Speaker 2: What if it was the you know, the lotion strips

568
00:25:57,720 --> 00:26:00,720
Speaker 2: on the heads of the razor. Yeah, if they're like, oh,

569
00:26:00,880 --> 00:26:01,760
Speaker 2: we want to try out.

570
00:26:01,600 --> 00:26:05,320
Speaker 1: Some new sense, it's like a hot dog flip.

571
00:26:05,440 --> 00:26:06,880
Speaker 2: They're like, what is this, Like.

572
00:26:07,000 --> 00:26:09,480
Speaker 1: I'm at the carnival or the fair. Yeah, I don't.

573
00:26:09,480 --> 00:26:12,239
Speaker 2: I don't like these razors. And Nate could have been

574
00:26:12,280 --> 00:26:14,760
Speaker 2: all over this deal. He could have also had a

575
00:26:14,800 --> 00:26:19,240
Speaker 2: face Nathan. He'd impressed a lot, a little.

576
00:26:18,960 --> 00:26:21,959
Speaker 1: Combo with Nathan's hot Dogs, little Joey Chestnut representation on

577
00:26:22,000 --> 00:26:25,479
Speaker 1: the an incredible crossover. Although no, they're not friends anymore,

578
00:26:25,520 --> 00:26:28,600
Speaker 1: Joey Chestnut and Nathan's hot Dogs. He yeah, he like

579
00:26:28,640 --> 00:26:30,440
Speaker 1: walked out of the most recent sponsorship.

580
00:26:30,440 --> 00:26:30,480
Speaker 5: You.

581
00:26:30,520 --> 00:26:32,040
Speaker 1: No, he didn't compete at the most recent one.

582
00:26:32,040 --> 00:26:32,800
Speaker 2: They wouldn't let him.

583
00:26:32,800 --> 00:26:35,920
Speaker 1: I don't think because he's he was sponsored by a

584
00:26:36,400 --> 00:26:37,960
Speaker 1: veggie hot dog or.

585
00:26:38,280 --> 00:26:38,840
Speaker 2: Something like that.

586
00:26:38,880 --> 00:26:40,960
Speaker 1: I don't get into the free competition drama.

587
00:26:41,080 --> 00:26:41,320
Speaker 2: Joel.

588
00:26:41,440 --> 00:26:43,880
Speaker 1: All right, well, I think one other tip here for

589
00:26:43,880 --> 00:26:46,240
Speaker 1: for Nate. Yeah, one I think if it's if that's

590
00:26:46,320 --> 00:26:49,639
Speaker 1: the price that's reflected, like take advantage of the deal

591
00:26:49,840 --> 00:26:54,000
Speaker 1: and sometimes even stock up because it's likely just something

592
00:26:54,080 --> 00:26:57,399
Speaker 1: that wasn't as appealing to most people, and you're willing

593
00:26:57,440 --> 00:27:00,480
Speaker 1: to zig what others are zagging or literally just paying

594
00:27:00,480 --> 00:27:02,720
Speaker 1: full pressure to the razor they're used to. I would

595
00:27:02,720 --> 00:27:05,280
Speaker 1: also say this, don't forget about what makes a razor

596
00:27:05,480 --> 00:27:08,560
Speaker 1: last longer and really the biggest thing that you have

597
00:27:08,640 --> 00:27:10,640
Speaker 1: under your control. I mean, it's it's gonna dole over

598
00:27:10,760 --> 00:27:14,439
Speaker 1: time in some ways because you're shaving your face with it.

599
00:27:14,920 --> 00:27:17,080
Speaker 1: But if you dry it off afterever use that can

600
00:27:17,119 --> 00:27:20,680
Speaker 1: extend the life of the blade. And so the truth

601
00:27:20,720 --> 00:27:23,639
Speaker 1: is water makes the blade deteriorate. So even if you

602
00:27:23,640 --> 00:27:26,960
Speaker 1: buy the nicer blades, taking care of them, dry them off.

603
00:27:26,960 --> 00:27:29,199
Speaker 1: Some people Matt even use like a blow dryer to

604
00:27:29,280 --> 00:27:31,320
Speaker 1: dry the blade off, like ten seconds of a blow dryer.

605
00:27:31,560 --> 00:27:33,119
Speaker 2: That sounds like a cheap move right there. How much

606
00:27:33,119 --> 00:27:35,040
Speaker 2: electricity are you using? Yeah, I don't know, just kinda

607
00:27:35,080 --> 00:27:36,880
Speaker 2: dry it off on the towel, Yeah, dry it off towel.

608
00:27:36,880 --> 00:27:38,600
Speaker 2: You're wearing a T shirt right when you're shaving, Like

609
00:27:38,600 --> 00:27:40,960
Speaker 2: you're not wearing your fancy clothes, at least not me.

610
00:27:41,119 --> 00:27:42,760
Speaker 1: Wipe it on the towel. It's on your ways unless

611
00:27:42,760 --> 00:27:45,680
Speaker 1: you're James Bond shaving in a tuxiedo. Just just yeah,

612
00:27:45,800 --> 00:27:48,120
Speaker 1: give it a little quick try, because that's gonna give

613
00:27:48,160 --> 00:27:52,120
Speaker 1: you more time, more shaves with each razor that you use.

614
00:27:52,200 --> 00:27:54,800
Speaker 1: So I've even seen some folks say method they get

615
00:27:54,920 --> 00:27:58,080
Speaker 1: nine plus months out of a razor. I was meeting

616
00:27:58,080 --> 00:27:59,359
Speaker 1: with my Harry's really were.

617
00:27:59,200 --> 00:28:01,720
Speaker 2: You getting nine plus? Well, that's when we talked about this,

618
00:28:01,720 --> 00:28:03,119
Speaker 2: like last year, a couple of years ago. That's when

619
00:28:03,160 --> 00:28:05,800
Speaker 2: I realized, Well, and here's the thing. Though, I never

620
00:28:05,920 --> 00:28:07,960
Speaker 2: was nicking myself, so I was never bleeding, so I

621
00:28:08,000 --> 00:28:10,199
Speaker 2: didn't think that they were that they were dull. But

622
00:28:10,359 --> 00:28:12,920
Speaker 2: I realized after the fact, Like once I finally moved

623
00:28:13,000 --> 00:28:15,000
Speaker 2: to the new razorhead, I was like, oh, this is

624
00:28:15,000 --> 00:28:16,720
Speaker 2: what it feels like when the razor actually cuts the

625
00:28:16,760 --> 00:28:18,920
Speaker 2: hair as opposed to like pull them all out, which

626
00:28:18,960 --> 00:28:21,159
Speaker 2: is which is what was happening. There's a whole lot

627
00:28:21,200 --> 00:28:24,399
Speaker 2: less hair tugging going on as I was shaving. So

628
00:28:24,600 --> 00:28:26,720
Speaker 2: but I literally, I mean, I don't shave. I wasn't

629
00:28:26,760 --> 00:28:29,240
Speaker 2: shaving a ton back then, but the ability to stretch

630
00:28:29,280 --> 00:28:31,240
Speaker 2: a razor. You know, when you're shaving like once or

631
00:28:31,240 --> 00:28:33,240
Speaker 2: twice a week, you can really make it last long.

632
00:28:33,320 --> 00:28:36,040
Speaker 2: I almost never. I've got the little electric shaver and

633
00:28:36,320 --> 00:28:40,959
Speaker 2: electric shaving. Okay, so years ago. Something I'm considering. My

634
00:28:41,000 --> 00:28:43,760
Speaker 2: next experiment is going to be going straight razor. Oh yeah,

635
00:28:43,840 --> 00:28:47,240
Speaker 2: remember that. A listener reached out after we talked because

636
00:28:47,280 --> 00:28:49,120
Speaker 2: I talked about using Kate's old razors.

637
00:28:49,160 --> 00:28:52,560
Speaker 1: In the shower, and those straight razors are crazy cheap there.

638
00:28:52,840 --> 00:28:54,880
Speaker 2: So literally, I don't know if the prices are still

639
00:28:54,880 --> 00:28:56,520
Speaker 2: the same, but it's like you could get a hundred

640
00:28:56,600 --> 00:29:00,440
Speaker 2: of these like German ra obviously razor sharp single that

641
00:29:00,480 --> 00:29:01,959
Speaker 2: you put in a you gotta buy the handle.

642
00:29:02,400 --> 00:29:04,560
Speaker 1: But it's like one hundred of them for like five bucks.

643
00:29:04,760 --> 00:29:08,240
Speaker 2: So what is that like five cents a razor versus

644
00:29:08,760 --> 00:29:12,600
Speaker 2: like what's Nate paying like three dollars or like a

645
00:29:12,640 --> 00:29:14,640
Speaker 2: couple of bucks for you know, for for his razors

646
00:29:15,200 --> 00:29:18,360
Speaker 2: the Aldie brain you're looking at seventy five cents roughly

647
00:29:18,400 --> 00:29:21,120
Speaker 2: per rais, but it's five cents per raser. I mean

648
00:29:21,160 --> 00:29:22,680
Speaker 2: that's a heck of a y. If you try it out,

649
00:29:22,800 --> 00:29:26,040
Speaker 2: please report, of course. Man let's show fodder right there.

650
00:29:26,920 --> 00:29:29,280
Speaker 2: And the other option, I want that that first class,

651
00:29:29,480 --> 00:29:31,520
Speaker 2: you know, high end, high end shade. True story.

652
00:29:31,840 --> 00:29:33,920
Speaker 1: The other option is for Nate just to grow a

653
00:29:34,000 --> 00:29:36,240
Speaker 1: sick beard. So oh yeah, think about that. So you

654
00:29:36,280 --> 00:29:39,680
Speaker 1: can always do that old ripway rip Van Winklin, no doubt, Matt.

655
00:29:39,760 --> 00:29:43,760
Speaker 1: Let's get to another question. This one is specifically about

656
00:29:43,800 --> 00:29:46,320
Speaker 1: the order of operations for retirement accounts.

657
00:29:46,560 --> 00:29:50,600
Speaker 5: Hey, Matt, Angel, this is Caid from North Carolina. I

658
00:29:50,640 --> 00:29:55,200
Speaker 5: really appreciated your your thoughts on my wife's pension payout

659
00:29:55,240 --> 00:29:59,760
Speaker 5: plan that I asked a few months ago. I do

660
00:29:59,840 --> 00:30:01,640
Speaker 5: have I have some more questions now that I have

661
00:30:01,720 --> 00:30:06,320
Speaker 5: received the job offer. After I will graduate from my program,

662
00:30:06,800 --> 00:30:09,160
Speaker 5: I will be making one hundred and thirty thousand dollars

663
00:30:09,200 --> 00:30:14,920
Speaker 5: a year in California and wanted some thoughts on how

664
00:30:14,960 --> 00:30:21,960
Speaker 5: to best prioritize my retirement contributions. So when I put

665
00:30:22,000 --> 00:30:24,520
Speaker 5: in five percent to my company's four oh one K,

666
00:30:25,160 --> 00:30:28,080
Speaker 5: they will put in a ten percent match for a

667
00:30:28,120 --> 00:30:34,520
Speaker 5: total of fifteen percent of my gross income. But following that,

668
00:30:34,840 --> 00:30:37,760
Speaker 5: if I've aske us to both a health savings account

669
00:30:37,800 --> 00:30:41,320
Speaker 5: as well as a roth IRA, how would you prioritize

670
00:30:41,640 --> 00:30:45,680
Speaker 5: contributions to one over the other. I know that contributions

671
00:30:45,720 --> 00:30:48,960
Speaker 5: to an HSA in California are still a subject to

672
00:30:49,040 --> 00:30:53,920
Speaker 5: California state tax, so that kind of hinders the overall

673
00:30:54,080 --> 00:30:59,560
Speaker 5: tax tax savings that are normally found within the HSA.

674
00:31:01,080 --> 00:31:03,800
Speaker 5: We likely can't max both mine and my wife's wrath

675
00:31:03,880 --> 00:31:08,600
Speaker 5: I rays and my HSA at least right away. So

676
00:31:08,680 --> 00:31:13,560
Speaker 5: would you suggest only maxing our wrath I rays, or

677
00:31:13,680 --> 00:31:16,880
Speaker 5: maxing HSA and then doing contributions to what we are

678
00:31:16,920 --> 00:31:22,480
Speaker 5: comfortable with to our wraths? Thank you. I really appreciate

679
00:31:22,520 --> 00:31:26,120
Speaker 5: the show Best Friends out well, Caid.

680
00:31:26,320 --> 00:31:29,120
Speaker 1: First off, I'm gonna say congrats on that sweet new.

681
00:31:29,000 --> 00:31:30,760
Speaker 2: Gig you got. And you know what I'm going to

682
00:31:30,800 --> 00:31:33,840
Speaker 2: say is that I appreciate your transparency kind of sharing

683
00:31:33,960 --> 00:31:36,280
Speaker 2: with listeners out there. It helps them to be like,

684
00:31:36,280 --> 00:31:39,480
Speaker 2: oh wait a minute, Okay, maybe it makes them, you know,

685
00:31:39,520 --> 00:31:41,760
Speaker 2: they got something to shoot for, or it maybe it

686
00:31:41,800 --> 00:31:42,560
Speaker 2: makes them think.

687
00:31:42,400 --> 00:31:44,800
Speaker 1: Okay, if Caid's doing this, I can do this too.

688
00:31:45,000 --> 00:31:47,040
Speaker 1: I don't know. I appreciate that the transparency. That's a

689
00:31:47,040 --> 00:31:50,920
Speaker 1: great salary man, even in California as well. I mean,

690
00:31:51,040 --> 00:31:52,880
Speaker 1: it should be noted in California. You should give it.

691
00:31:53,200 --> 00:31:56,360
Speaker 1: I always think about still solid athletes who sign up

692
00:31:56,360 --> 00:31:59,600
Speaker 1: to play for the California teams, and there feels a

693
00:31:59,600 --> 00:32:04,520
Speaker 1: lot less in actuality. Is a lot less like after taxation,

694
00:32:04,560 --> 00:32:06,440
Speaker 1: because if you're in the highest tax bracket in California,

695
00:32:06,520 --> 00:32:09,640
Speaker 1: was it thirteen fourteen percent additional being taken out? That's

696
00:32:09,640 --> 00:32:12,120
Speaker 1: a lot signed to playing Florida instead you get to

697
00:32:12,160 --> 00:32:12,560
Speaker 1: keep all them.

698
00:32:12,560 --> 00:32:14,640
Speaker 2: But on top of that, he's got that company match,

699
00:32:14,840 --> 00:32:17,480
Speaker 2: Like that whole structure is incredible. Right to be able

700
00:32:17,480 --> 00:32:20,680
Speaker 2: to get fifteen percent of your salary in your workplace

701
00:32:20,680 --> 00:32:23,640
Speaker 2: retirement account when you are only contributing five percent.

702
00:32:24,120 --> 00:32:26,560
Speaker 1: Man, I love that. Like you're like, all right, I'll

703
00:32:26,600 --> 00:32:28,160
Speaker 1: show up with one third, you show up with the

704
00:32:28,240 --> 00:32:30,200
Speaker 1: other two thirds. We'll call it fifteen make it.

705
00:32:30,200 --> 00:32:33,280
Speaker 2: I like a bandit. I mean, that's actually not done,

706
00:32:33,320 --> 00:32:35,360
Speaker 2: because I think you've got the ability to go above

707
00:32:35,400 --> 00:32:38,440
Speaker 2: and beyond KDE. But regardless, the fact that your employer

708
00:32:38,640 --> 00:32:40,800
Speaker 2: is so generously stepping up to the plate like that,

709
00:32:40,800 --> 00:32:42,040
Speaker 2: that's great. I think that's fantastic.

710
00:32:42,160 --> 00:32:44,440
Speaker 1: Yeah, And that's a far cry from what most employers

711
00:32:44,720 --> 00:32:47,640
Speaker 1: do most to a fifty percent match. Whatever you put

712
00:32:47,640 --> 00:32:50,520
Speaker 1: in up to six percent. So if you put in six,

713
00:32:50,560 --> 00:32:52,640
Speaker 1: they put in three. That's a total in nine and

714
00:32:52,680 --> 00:32:56,000
Speaker 1: that's not bad some people. Some employers are even more generous.

715
00:32:56,040 --> 00:32:57,479
Speaker 1: It's like, if you put in six, output in six,

716
00:32:57,520 --> 00:32:59,160
Speaker 1: and then you're at twelve. But this one, if you

717
00:32:59,200 --> 00:33:02,600
Speaker 1: put in five, will put ten. That's pretty glorious. That's awesome. Yeah,

718
00:33:02,680 --> 00:33:05,120
Speaker 1: so you're already at that fifteen percent savings rate that

719
00:33:05,160 --> 00:33:08,160
Speaker 1: we like to see, but we also love that you

720
00:33:08,200 --> 00:33:10,680
Speaker 1: want to go further, and it's something that we would encourage,

721
00:33:11,040 --> 00:33:15,360
Speaker 1: especially since the bulk of those contributions are coming from

722
00:33:15,440 --> 00:33:19,160
Speaker 1: your employer. We want kid to get used to the

723
00:33:20,000 --> 00:33:23,800
Speaker 1: physical reality of saving and investing fifteen percent of your

724
00:33:23,920 --> 00:33:26,920
Speaker 1: own money. You're in and year out, and that's partly

725
00:33:26,920 --> 00:33:31,680
Speaker 1: because any match is gravy on top. The truth is

726
00:33:31,720 --> 00:33:34,600
Speaker 1: that match can change at any time. I've heard from

727
00:33:34,960 --> 00:33:37,840
Speaker 1: many listeners who have had their match pulled back or eliminated,

728
00:33:37,960 --> 00:33:40,880
Speaker 1: especially when economic times get a little trying. That's one

729
00:33:40,880 --> 00:33:44,080
Speaker 1: of the first things Matt that employers often do is

730
00:33:44,080 --> 00:33:46,560
Speaker 1: is they say, you know that match that we offered, Yeah,

731
00:33:46,600 --> 00:33:49,120
Speaker 1: we're gonna have to posit for now. And sometimes that

732
00:33:49,160 --> 00:33:53,240
Speaker 1: pause turns into an elimination of the match that they offer.

733
00:33:53,320 --> 00:33:56,200
Speaker 1: That can be demoralizing for workers, and it can also

734
00:33:56,280 --> 00:33:58,600
Speaker 1: impact how quickly you're able to grow your net worth

735
00:33:58,640 --> 00:34:00,640
Speaker 1: as well. So I guess I just don't want you

736
00:34:00,760 --> 00:34:02,520
Speaker 1: to get so used to that that you're like, I'm

737
00:34:02,520 --> 00:34:04,560
Speaker 1: just and it sounds like you're not. But I'm kicking

738
00:34:04,600 --> 00:34:07,080
Speaker 1: in five percent. I'm overall saving fifteen I can be

739
00:34:07,080 --> 00:34:09,200
Speaker 1: happy with that. Well, if that pulls back in any way,

740
00:34:09,239 --> 00:34:11,360
Speaker 1: form or fashion, then you're gonna feel the pain of

741
00:34:11,360 --> 00:34:14,040
Speaker 1: having to increase. So I like the idea of saving

742
00:34:14,040 --> 00:34:17,200
Speaker 1: and investing a minimum of fifteen percent aside from what

743
00:34:17,280 --> 00:34:18,640
Speaker 1: your employer's doing totally.

744
00:34:18,719 --> 00:34:23,000
Speaker 2: But K's question Wroth or the HSA, The answer is

745
00:34:23,040 --> 00:34:25,920
Speaker 2: almost always going to be the HSA, of course, because

746
00:34:26,040 --> 00:34:28,840
Speaker 2: of the triple tax advantage nature of it. In fact,

747
00:34:28,960 --> 00:34:32,000
Speaker 2: there's a quasi quadruple tax advantage because you're not paying

748
00:34:32,080 --> 00:34:35,200
Speaker 2: payroll tax, that Faika tax that's on that and so

749
00:34:35,320 --> 00:34:37,880
Speaker 2: investing inside of an HSA, and this is of course

750
00:34:38,440 --> 00:34:40,680
Speaker 2: available to you because you are enrolled on a high

751
00:34:40,680 --> 00:34:43,799
Speaker 2: deductible healthcare plan. But by investing those dollars that can

752
00:34:43,840 --> 00:34:46,120
Speaker 2: help you to grow wealth that will never be taxed

753
00:34:46,239 --> 00:34:47,880
Speaker 2: in ways that no other account offers.

754
00:34:47,880 --> 00:34:50,480
Speaker 1: It's it's truly a unicorn. But you got to use

755
00:34:50,520 --> 00:34:51,000
Speaker 1: it properly.

756
00:34:51,040 --> 00:34:53,960
Speaker 2: You got to invest those dollars for decades to allow

757
00:34:54,080 --> 00:34:57,160
Speaker 2: for those compounding returns. And if you do that, according

758
00:34:57,200 --> 00:34:58,680
Speaker 2: to the numbers, like when you crunch the numbers, the

759
00:34:58,800 --> 00:35:03,520
Speaker 2: HSA is the superior vehicle. Even with the fact that,

760
00:35:03,640 --> 00:35:06,360
Speaker 2: like you mentioned that California that they have some ridiculous

761
00:35:06,440 --> 00:35:09,880
Speaker 2: HSA rules that effectively limit the benefit.

762
00:35:09,920 --> 00:35:12,640
Speaker 1: It's still good, right. This doesn't mean that the HSA

763
00:35:12,719 --> 00:35:14,040
Speaker 1: is a no go, just not as good.

764
00:35:14,120 --> 00:35:17,960
Speaker 2: It's yeah, exactly, it's not quite as advantageous as investing

765
00:35:18,000 --> 00:35:18,439
Speaker 2: within an.

766
00:35:18,440 --> 00:35:21,600
Speaker 1: HSA and basically every other state. And you said basically

767
00:35:21,680 --> 00:35:23,839
Speaker 1: every other state. That's because there's literally one other state

768
00:35:23,880 --> 00:35:25,800
Speaker 1: that does what California does, and that's New Jersey.

769
00:35:26,080 --> 00:35:28,760
Speaker 2: And so these two states, which.

770
00:35:28,680 --> 00:35:30,600
Speaker 1: Is shaped like California, but on the other side of

771
00:35:30,600 --> 00:35:32,920
Speaker 1: the country, and they both of these states have compiled

772
00:35:33,000 --> 00:35:35,839
Speaker 1: conspired against their citizens. Shrink it down right, a much

773
00:35:35,840 --> 00:35:40,279
Speaker 1: smaller version and in a way to basically say, ah, yeah,

774
00:35:40,320 --> 00:35:43,000
Speaker 1: the federal government says that these accounts are going to

775
00:35:43,040 --> 00:35:47,200
Speaker 1: be incredibly tax advantageous and so do forty eight other states.

776
00:35:47,239 --> 00:35:49,880
Speaker 1: But we're going to be the two loan holdouts who

777
00:35:50,280 --> 00:35:52,600
Speaker 1: treat you like an idiot when you.

778
00:35:52,480 --> 00:35:53,360
Speaker 2: Invest in an HSA.

779
00:35:53,400 --> 00:35:55,960
Speaker 1: So I do not love the fact that these states

780
00:35:56,000 --> 00:35:59,360
Speaker 1: do not offer the same tax benefit that almost everybody

781
00:35:59,400 --> 00:36:01,880
Speaker 1: else does. Not only do you have to pay income

782
00:36:01,920 --> 00:36:03,880
Speaker 1: tax on the money you contribute, you're also going to

783
00:36:03,920 --> 00:36:07,880
Speaker 1: owe state tax on the growth of the money you

784
00:36:08,000 --> 00:36:12,319
Speaker 1: experience in those accounts. But should that impact what you

785
00:36:12,360 --> 00:36:16,040
Speaker 1: do kid the answers. Maybe because the HSA, like Matt

786
00:36:16,040 --> 00:36:19,000
Speaker 1: alluded to, it's still better from an overall tax perspective,

787
00:36:19,040 --> 00:36:22,279
Speaker 1: even with those inferior tax rules in the state where

788
00:36:22,280 --> 00:36:25,279
Speaker 1: you're living. But those accounts are starting to look a

789
00:36:25,320 --> 00:36:28,560
Speaker 1: bit more similar. And the roth IRA, well, it has

790
00:36:28,640 --> 00:36:31,799
Speaker 1: more flexibility, right, It allows you to spend for other

791
00:36:31,920 --> 00:36:36,360
Speaker 1: reasons beyond just health expenses. The HSA, that's how you

792
00:36:36,360 --> 00:36:39,160
Speaker 1: get the tax treatment is because it's basically constrained for

793
00:36:39,280 --> 00:36:42,279
Speaker 1: that kind of spending in particular. Well, one thing that

794
00:36:42,280 --> 00:36:45,120
Speaker 1: would factor into my thinking here though, is are you

795
00:36:45,120 --> 00:36:49,040
Speaker 1: planning to be in California forever? Because if you're likely

796
00:36:49,040 --> 00:36:51,359
Speaker 1: going to move to another state in the future, you're

797
00:36:51,560 --> 00:36:53,920
Speaker 1: going to be able to avoid future state taxes on

798
00:36:54,160 --> 00:36:57,400
Speaker 1: HSA withdrawals, making it more compelling. So, yes, you're earning

799
00:36:57,440 --> 00:37:00,239
Speaker 1: and investing in an HSA while in California, but if

800
00:37:00,239 --> 00:37:03,200
Speaker 1: you're taking the money out in another state down the road,

801
00:37:03,480 --> 00:37:06,040
Speaker 1: well you're not then gonna be subject to the California

802
00:37:06,280 --> 00:37:10,960
Speaker 1: tax laws that are again antagonistic to HSA.

803
00:37:11,200 --> 00:37:13,839
Speaker 2: So so it'll only be a thorn in your side

804
00:37:13,960 --> 00:37:15,359
Speaker 2: for that period of time while you're there.

805
00:37:15,400 --> 00:37:16,719
Speaker 1: I want to say Kate said he was in north

806
00:37:16,840 --> 00:37:19,120
Speaker 1: North Carolina right now. So if he's like, Hey, all

807
00:37:19,120 --> 00:37:21,600
Speaker 1: my families in North Carolina, I'm in California. That's where

808
00:37:21,600 --> 00:37:23,840
Speaker 1: I'm gonna I'm gonna love this job, but like twenty years,

809
00:37:23,960 --> 00:37:27,000
Speaker 1: ten years down the line, we think we're gonna move back, Well,

810
00:37:27,480 --> 00:37:30,120
Speaker 1: then I would say that that that puts another check

811
00:37:30,120 --> 00:37:31,799
Speaker 1: mark in the HSA because you're not going to be

812
00:37:31,800 --> 00:37:34,960
Speaker 1: subject to the worst parts of California's tax law.

813
00:37:35,000 --> 00:37:36,399
Speaker 2: I missed the when it comes to HSA, I missed

814
00:37:36,360 --> 00:37:38,160
Speaker 2: the North Carolina part. If that's what he mentioned. What

815
00:37:38,280 --> 00:37:41,440
Speaker 2: if he was moving from New Jersey to California and

816
00:37:41,440 --> 00:37:43,800
Speaker 2: he's like, oh, I think I'm gonna move back home

817
00:37:43,960 --> 00:37:49,279
Speaker 2: at some pointed again, and some of it like if

818
00:37:49,320 --> 00:37:51,680
Speaker 2: you look at the numbers, yes, like the most like

819
00:37:51,960 --> 00:37:54,400
Speaker 2: financially optimized thing to do here is to go with

820
00:37:54,480 --> 00:37:55,839
Speaker 2: the HSA.

821
00:37:55,920 --> 00:37:57,120
Speaker 1: But it also comes down to.

822
00:37:57,000 --> 00:37:58,880
Speaker 2: What you like if it's worth if that, if the

823
00:37:58,880 --> 00:38:01,799
Speaker 2: hassle is worth it to you as an individual, for you,

824
00:38:01,920 --> 00:38:05,160
Speaker 2: if thinking through like this personal admin side of your life,

825
00:38:05,200 --> 00:38:07,279
Speaker 2: if that lights you up. If the job that you're

826
00:38:07,280 --> 00:38:10,440
Speaker 2: accepting in California is like, you know, a financial management

827
00:38:10,520 --> 00:38:11,960
Speaker 2: or something like that, then you're probably going to be

828
00:38:12,000 --> 00:38:14,000
Speaker 2: all over the numbers. And this is great because not

829
00:38:14,040 --> 00:38:16,640
Speaker 2: only do you have to track the expenses in order

830
00:38:16,680 --> 00:38:20,080
Speaker 2: to redeem that's not the proper term, but I don't know,

831
00:38:20,120 --> 00:38:23,160
Speaker 2: effectively to redeem your HSA dollars for retirement by keeping

832
00:38:23,200 --> 00:38:25,880
Speaker 2: up with your medical expenses, like everybody has to do that.

833
00:38:26,160 --> 00:38:28,640
Speaker 2: But in addition to that, you have to I mean,

834
00:38:28,719 --> 00:38:32,319
Speaker 2: so you mentioned that the income from those investments are

835
00:38:32,360 --> 00:38:33,920
Speaker 2: taxed on a state level. That's something you have to

836
00:38:34,000 --> 00:38:37,319
Speaker 2: keep up with yourself. It's taxes regular income, and so

837
00:38:37,320 --> 00:38:39,880
Speaker 2: that's just a it's just another I don't know, it

838
00:38:39,880 --> 00:38:42,439
Speaker 2: feels like a hassle for something that sure you may

839
00:38:42,600 --> 00:38:44,840
Speaker 2: not be taking full advantage of and so if that

840
00:38:45,320 --> 00:38:47,640
Speaker 2: if thinking through all of that kind of bums you out,

841
00:38:47,800 --> 00:38:51,239
Speaker 2: then you can't go wrong with a roth IRA. Keep

842
00:38:51,280 --> 00:38:53,319
Speaker 2: it simple. You've got all the flexibility in the world.

843
00:38:53,400 --> 00:38:56,280
Speaker 2: You never have to worry about keeping up with records

844
00:38:56,320 --> 00:38:58,560
Speaker 2: and medical expenses. It's just something to think about the

845
00:38:58,560 --> 00:39:01,400
Speaker 2: fact that you really do. It is treated. It is

846
00:39:01,520 --> 00:39:04,600
Speaker 2: taxed like a brokerage account there in the state of California.

847
00:39:05,280 --> 00:39:08,600
Speaker 2: But in addition to these retirement goals, I think I

848
00:39:08,640 --> 00:39:10,760
Speaker 2: want you to have the goal of maxing out with rathrays.

849
00:39:10,800 --> 00:39:13,359
Speaker 2: That's great, the HSA going for that. I think that

850
00:39:13,680 --> 00:39:15,640
Speaker 2: the fifteen percent into your four O and K this

851
00:39:15,719 --> 00:39:18,840
Speaker 2: is all awesome, But don't forget about medium term goals

852
00:39:19,040 --> 00:39:22,239
Speaker 2: that you have as well. I'm not sure if you

853
00:39:22,440 --> 00:39:24,839
Speaker 2: are hoping to buy a home or not, but if

854
00:39:24,840 --> 00:39:26,799
Speaker 2: that is a high priority, just make sure you start

855
00:39:26,840 --> 00:39:31,040
Speaker 2: saving and investing for that goal or other goals you

856
00:39:31,120 --> 00:39:33,000
Speaker 2: might have. You know, if you're looking to buy a home,

857
00:39:33,200 --> 00:39:35,320
Speaker 2: that is going to be a little more difficult in California.

858
00:39:35,520 --> 00:39:37,680
Speaker 2: It's certainly not going to be the absolute best way

859
00:39:37,719 --> 00:39:40,160
Speaker 2: to build your net worth, but you know that's also

860
00:39:40,280 --> 00:39:41,719
Speaker 2: not the end goal. For most of us when we're

861
00:39:41,719 --> 00:39:44,840
Speaker 2: looking at purchasing a home. Yeah, we love all the

862
00:39:44,840 --> 00:39:47,680
Speaker 2: retirement accounts out there. I love how they can reliably

863
00:39:47,840 --> 00:39:50,279
Speaker 2: help you to reach financial independence. But just make sure

864
00:39:51,080 --> 00:39:53,680
Speaker 2: that you are not only looking to the long term

865
00:39:53,840 --> 00:39:56,360
Speaker 2: case like you are. On top of things. You mentioned

866
00:39:56,360 --> 00:39:58,759
Speaker 2: your wife's pension question from a few months ago. Y'all

867
00:39:58,800 --> 00:40:01,080
Speaker 2: are on it when it comes to you're saving for

868
00:40:01,480 --> 00:40:04,239
Speaker 2: old kaid an old kid's wife. But when it comes

869
00:40:04,280 --> 00:40:06,319
Speaker 2: to just don't forget about some of these near term

870
00:40:06,320 --> 00:40:09,640
Speaker 2: goals and realizing that you get you know, cash savings, liquidity,

871
00:40:09,920 --> 00:40:12,000
Speaker 2: it's important to not overlook that as well.

872
00:40:12,040 --> 00:40:14,399
Speaker 1: CAD in five years will be stoked that they've been

873
00:40:14,520 --> 00:40:17,520
Speaker 1: you know, they've saved multiple hundreds of thousands of dollars,

874
00:40:17,560 --> 00:40:21,560
Speaker 1: probably already for future retirement. But then what if you

875
00:40:21,600 --> 00:40:23,400
Speaker 1: want to make some moves in the here and now

876
00:40:23,480 --> 00:40:26,000
Speaker 1: is exactly don't forget about that, all right, man, We've

877
00:40:26,040 --> 00:40:28,600
Speaker 1: got more to get to on this episode, including one

878
00:40:28,800 --> 00:40:32,080
Speaker 1: about being dropped by an insurance company. What do you

879
00:40:32,080 --> 00:40:33,839
Speaker 1: do when you get that dreaded letter in the mail?

880
00:40:33,840 --> 00:40:43,600
Speaker 1: We'll talk about that and more right after this. All right, buddy,

881
00:40:43,640 --> 00:40:44,840
Speaker 1: we are back from the break.

882
00:40:45,000 --> 00:40:47,080
Speaker 2: It is now time for the Facebook question of the week,

883
00:40:47,120 --> 00:40:51,000
Speaker 2: which is from Catherine, and she wrote, ugh do you

884
00:40:51,040 --> 00:40:53,120
Speaker 2: like you like my uh? I love that she stuck

885
00:40:53,160 --> 00:40:55,800
Speaker 2: that in there. Yeah, frustration coming out.

886
00:40:55,680 --> 00:40:56,279
Speaker 1: When you read that?

887
00:40:56,360 --> 00:40:58,879
Speaker 2: Do you see or do you hear?

888
00:40:59,200 --> 00:40:59,319
Speaker 5: Ugh?

889
00:40:59,520 --> 00:40:59,600
Speaker 4: No?

890
00:41:00,280 --> 00:41:00,400
Speaker 2: Here?

891
00:41:00,480 --> 00:41:00,640
Speaker 1: Yeah?

892
00:41:00,680 --> 00:41:04,200
Speaker 2: Yeah, the former the actual it's it's the frustration for

893
00:41:04,239 --> 00:41:06,480
Speaker 2: sure coming out in type well in particular with this one,

894
00:41:06,480 --> 00:41:09,400
Speaker 2: she wrote, my insurance company is gonna drop me unless

895
00:41:09,440 --> 00:41:12,560
Speaker 2: I complete these things by June seventh. Remove yard debris,

896
00:41:12,600 --> 00:41:15,239
Speaker 2: cut back vegetation, paint the home all when color, and

897
00:41:15,280 --> 00:41:19,359
Speaker 2: cut the tree branches back from the detached structures. That's

898
00:41:19,400 --> 00:41:23,960
Speaker 2: all fair, But the paint. Wtf do they care that

899
00:41:24,000 --> 00:41:26,600
Speaker 2: my house is all when color? Is there any point

900
00:41:26,680 --> 00:41:27,879
Speaker 2: in trying to fight it?

901
00:41:28,000 --> 00:41:31,040
Speaker 1: Joel? What you think? Should she fight it? Do you

902
00:41:31,160 --> 00:41:33,399
Speaker 1: do you try to fight the man matt ever or yeah?

903
00:41:33,480 --> 00:41:35,640
Speaker 1: I think sometimes you do? Ohyah, sometimes you do. I

904
00:41:35,680 --> 00:41:38,880
Speaker 1: can be hard headed. You probably try to fight the

905
00:41:38,920 --> 00:41:42,799
Speaker 1: man against like veteran thinks ways to more craftily deal

906
00:41:42,880 --> 00:41:45,000
Speaker 1: with this, and it's maybe that's what I want to suggest.

907
00:41:45,040 --> 00:41:47,480
Speaker 1: Maybe is some maybe craftier ways to deal with this

908
00:41:47,640 --> 00:41:50,200
Speaker 1: instead of ease into it. Catherine instead of letting your

909
00:41:50,200 --> 00:41:52,520
Speaker 1: frustration get the best of you and just being like,

910
00:41:52,880 --> 00:41:54,560
Speaker 1: screw you, why are you making me do this? Like

911
00:41:54,560 --> 00:41:57,040
Speaker 1: there are ways, I think to get around this and

912
00:41:57,320 --> 00:42:01,800
Speaker 1: to stay insured without a complete deletely ruining your life.

913
00:42:01,920 --> 00:42:04,919
Speaker 1: So the truth is insurance companies are sending out more

914
00:42:04,960 --> 00:42:08,720
Speaker 1: of these notices these days. We talked about that actually

915
00:42:08,760 --> 00:42:11,560
Speaker 1: with our friend Lisa from Consumer Reports not too long

916
00:42:11,760 --> 00:42:14,600
Speaker 1: Lisa gil yeah, and she was talking about how in

917
00:42:14,600 --> 00:42:17,800
Speaker 1: her tiny home, y that's right, that's right gravel.

918
00:42:17,520 --> 00:42:19,719
Speaker 2: Which is the pea gravel. She was addicted to the

919
00:42:19,760 --> 00:42:20,280
Speaker 2: pea gravel.

920
00:42:21,120 --> 00:42:24,280
Speaker 1: Just the with insurance rates going up around the country

921
00:42:24,280 --> 00:42:27,640
Speaker 1: and insurers are being a little more cognizant about who

922
00:42:27,640 --> 00:42:30,560
Speaker 1: they're insuring and what the properties look like. And then

923
00:42:30,640 --> 00:42:33,160
Speaker 1: on top of that, technology is making easier for insurance

924
00:42:33,200 --> 00:42:35,480
Speaker 1: companies to kind of check in and see what's going on. Right,

925
00:42:35,480 --> 00:42:39,120
Speaker 1: They're using drones, they're doing flyovers, they're taking images in

926
00:42:39,120 --> 00:42:41,640
Speaker 1: an attempt to make sure they're not taking on undue risk.

927
00:42:42,040 --> 00:42:44,799
Speaker 1: My neighbor Matt just told me the other day, Hey,

928
00:42:44,600 --> 00:42:47,759
Speaker 1: my roof is more than ten years old, and now

929
00:42:47,800 --> 00:42:50,240
Speaker 1: my insurance company is saying they don't want to insure

930
00:42:50,280 --> 00:42:55,279
Speaker 1: me anymore. This is becoming Actually, roofs should last for

931
00:42:55,360 --> 00:42:58,440
Speaker 1: twenty to thirty plus years. And the fact that insurance

932
00:42:58,480 --> 00:43:01,280
Speaker 1: companies are just getting a little more antsy and squirrely

933
00:43:01,719 --> 00:43:05,799
Speaker 1: about offering insurance when everything's not kind of perfect. So

934
00:43:06,400 --> 00:43:08,040
Speaker 1: it sucks for those of you out there listening. You

935
00:43:08,040 --> 00:43:10,160
Speaker 1: haven't received a letter, you might in the future. I

936
00:43:10,200 --> 00:43:12,920
Speaker 1: remember getting one like these two metworks like trim back

937
00:43:12,920 --> 00:43:13,600
Speaker 1: those branches.

938
00:43:13,880 --> 00:43:15,880
Speaker 2: Hey, what's I had this? Well, it's the weirdest thing.

939
00:43:15,880 --> 00:43:17,440
Speaker 2: It's hard to even described. I had like a driveway

940
00:43:17,440 --> 00:43:19,600
Speaker 2: where there was like a drop off. Do you remember

941
00:43:19,600 --> 00:43:22,120
Speaker 2: that at my at my first house, it was a hazard. Yeah,

942
00:43:22,120 --> 00:43:23,960
Speaker 2: it was a hazard, and so I had to put

943
00:43:24,120 --> 00:43:27,160
Speaker 2: up like a cement block in there so that the

944
00:43:27,280 --> 00:43:29,640
Speaker 2: car couldn't go rolling off it. It sounds weird and

945
00:43:29,719 --> 00:43:30,000
Speaker 2: it was.

946
00:43:30,840 --> 00:43:33,839
Speaker 1: But like, so I get why the insurance company's basically saying, hey,

947
00:43:33,880 --> 00:43:37,040
Speaker 1: someone could fly off this parking pad. I forgot about

948
00:43:37,080 --> 00:43:39,440
Speaker 1: that and injure themselves. Oh, you would have told your

949
00:43:39,440 --> 00:43:40,759
Speaker 1: car if your car would have run into that.

950
00:43:40,920 --> 00:43:43,280
Speaker 2: Yes, So it's good for them to be a stop.

951
00:43:43,480 --> 00:43:45,080
Speaker 1: I know. In many ways it does make sense to

952
00:43:45,160 --> 00:43:47,120
Speaker 1: insurance companies are saying, I don't know, you might need

953
00:43:47,160 --> 00:43:49,239
Speaker 1: to do something for you to still be insurable, but

954
00:43:49,280 --> 00:43:50,960
Speaker 1: I think it can be scary. It can feel like

955
00:43:50,960 --> 00:43:53,359
Speaker 1: you got to cancel your Saturday plan is to get

956
00:43:53,360 --> 00:43:55,160
Speaker 1: your house back in ship shape or something like that,

957
00:43:55,360 --> 00:43:59,920
Speaker 1: or be left without insurance, which comes with cascading consequences. Yeah,

958
00:44:00,239 --> 00:44:03,239
Speaker 1: one of which is force place insurance. The lender says, oh,

959
00:44:03,239 --> 00:44:05,759
Speaker 1: you're not insured anymore, We'll find that insurance for you.

960
00:44:06,000 --> 00:44:08,319
Speaker 1: But then the insurance costs a heck of a lot

961
00:44:08,360 --> 00:44:10,560
Speaker 1: more than what you were paying. And so yeah, I

962
00:44:10,600 --> 00:44:13,840
Speaker 1: think I know Catherine's frustrated by this, but this should

963
00:44:13,920 --> 00:44:16,200
Speaker 1: move up her priority list. But also I also just

964
00:44:16,200 --> 00:44:17,520
Speaker 1: don't think it should freak her out.

965
00:44:17,800 --> 00:44:20,600
Speaker 2: And I think this makes me think these are the

966
00:44:20,680 --> 00:44:22,800
Speaker 2: kind of times you want to have an actual agent,

967
00:44:22,880 --> 00:44:25,080
Speaker 2: like somebody you can call, someone you can reach out to,

968
00:44:25,480 --> 00:44:28,719
Speaker 2: because that would be incredibly helpful because then and I'm

969
00:44:28,800 --> 00:44:30,760
Speaker 2: assuming that there is a way for you to upload

970
00:44:30,800 --> 00:44:33,359
Speaker 2: pictures and whatnot, but just someone to talk to where

971
00:44:33,360 --> 00:44:35,839
Speaker 2: you can send them some updated pictures. Let's say, when

972
00:44:35,840 --> 00:44:37,880
Speaker 2: you make those first repairs, right, like, you've cut back

973
00:44:37,920 --> 00:44:39,759
Speaker 2: some of that vegetation, you trim some of those tree

974
00:44:39,800 --> 00:44:43,120
Speaker 2: branches that might be enough to satisfy them, you know,

975
00:44:43,239 --> 00:44:45,120
Speaker 2: like you send those along and you're like, hey, I'm

976
00:44:45,120 --> 00:44:48,480
Speaker 2: getting quotes for the painting, and then see what they say.

977
00:44:48,600 --> 00:44:50,839
Speaker 2: You know, it's more kind of like a there's more

978
00:44:50,840 --> 00:44:53,239
Speaker 2: of a gray area as opposed to provide proof that

979
00:44:53,280 --> 00:44:54,920
Speaker 2: all of these points have been addressed.

980
00:44:55,160 --> 00:44:58,480
Speaker 1: I think this is more of a negotiation. I think, yeah, exactly.

981
00:44:58,520 --> 00:45:00,440
Speaker 1: Then it is a hard timeline, like it done or

982
00:45:00,480 --> 00:45:00,759
Speaker 1: you're out.

983
00:45:00,920 --> 00:45:04,560
Speaker 2: Yeah, start those talks, getting the started, communicating directly. I

984
00:45:04,560 --> 00:45:07,000
Speaker 2: think this is the right way to handle this, and

985
00:45:07,160 --> 00:45:09,080
Speaker 2: it could obviously, I mean I think it could buy

986
00:45:09,120 --> 00:45:09,920
Speaker 2: you more time.

987
00:45:09,719 --> 00:45:12,080
Speaker 1: As well if costs to have some.

988
00:45:12,040 --> 00:45:14,319
Speaker 2: Of these repairs made, If that's an issue, I think

989
00:45:14,640 --> 00:45:18,279
Speaker 2: just starting the conversation while simultaneously financially preparing for that

990
00:45:18,360 --> 00:45:19,320
Speaker 2: and maybe even yourself.

991
00:45:19,360 --> 00:45:21,640
Speaker 1: Yeah, take a Saturday, borrow.

992
00:45:21,440 --> 00:45:24,239
Speaker 2: Some tools from a neighbor, like work on getting things

993
00:45:24,280 --> 00:45:26,319
Speaker 2: cleaned up, because buy some beer for your friends, having

994
00:45:26,320 --> 00:45:28,600
Speaker 2: all hands on that party to get rid of some

995
00:45:28,640 --> 00:45:31,120
Speaker 2: of the excess vegetation. Because in the end, I do

996
00:45:31,120 --> 00:45:33,200
Speaker 2: think that this is something you're going to have to address.

997
00:45:33,280 --> 00:45:35,080
Speaker 1: Yeah, And I think Catherine might be thinking, oh, you

998
00:45:35,080 --> 00:45:37,680
Speaker 1: know what, maybe maybe this is the perfect time to

999
00:45:37,719 --> 00:45:41,880
Speaker 1: shop around for insurance. And the truth is maybe almost

1000
00:45:41,880 --> 00:45:44,520
Speaker 1: every year is the right time to shop for insurance. Like,

1001
00:45:44,520 --> 00:45:46,759
Speaker 1: you should probably be shopping regularly regardless, that's a good

1002
00:45:46,760 --> 00:45:49,839
Speaker 1: thing to do. Yes, get quotes elsewhere. Sure, but going

1003
00:45:49,840 --> 00:45:52,400
Speaker 1: with another insurance company likely isn't going to save you

1004
00:45:52,440 --> 00:45:54,640
Speaker 1: from this repairless because they will probably do a drive

1005
00:45:54,680 --> 00:45:57,479
Speaker 1: by or a drone buy of sorts too. They will

1006
00:45:57,520 --> 00:46:01,200
Speaker 1: require similar fixes in all likelihood, so that might not

1007
00:46:01,440 --> 00:46:04,040
Speaker 1: save your bacon on this one. And while we get

1008
00:46:04,080 --> 00:46:06,440
Speaker 1: the shock right, these things should really be taken care

1009
00:46:06,480 --> 00:46:09,800
Speaker 1: of proactively. And I also get the frustration with the

1010
00:46:09,800 --> 00:46:10,440
Speaker 1: house color thing.

1011
00:46:10,480 --> 00:46:13,760
Speaker 2: Matt. She's like, I don't care, dude, that is multiple tones.

1012
00:46:14,000 --> 00:46:16,919
Speaker 2: I think this is insane. Like this, this is where

1013
00:46:16,920 --> 00:46:18,560
Speaker 2: I would be pushing back. I would be asking some

1014
00:46:18,560 --> 00:46:22,920
Speaker 2: serious questions. I have zero understanding how that the color

1015
00:46:22,920 --> 00:46:26,440
Speaker 2: of your house is going to impact the liability that

1016
00:46:26,520 --> 00:46:28,719
Speaker 2: better insurance. I bet they have some data somewhere. I

1017
00:46:28,760 --> 00:46:30,640
Speaker 2: bet that how, But like, how would the color of

1018
00:46:30,680 --> 00:46:32,640
Speaker 2: a house, or the fact that that it's painted two tone.

1019
00:46:32,719 --> 00:46:34,560
Speaker 2: It's like, okay, it's dark green and light green. I

1020
00:46:34,560 --> 00:46:38,040
Speaker 2: don't know in HOA. I understand in HOA saying oh, sorry,

1021
00:46:38,120 --> 00:46:40,160
Speaker 2: according to the covenant that you signed, and to be

1022
00:46:40,160 --> 00:46:41,960
Speaker 2: a part of this neighborhood or part of this community,

1023
00:46:42,000 --> 00:46:42,840
Speaker 2: it has to be one.

1024
00:46:42,719 --> 00:46:44,640
Speaker 1: Of these five shades. I get that.

1025
00:46:44,840 --> 00:46:47,560
Speaker 2: I even understand speaking of different shades, like if it's

1026
00:46:47,560 --> 00:46:50,840
Speaker 2: in a historic district, if there's some board that's just like,

1027
00:46:50,880 --> 00:46:53,600
Speaker 2: oh no, we've only we've identified the Sherwin Williams Historic

1028
00:46:53,840 --> 00:46:56,480
Speaker 2: Registry colors or some you know, something like that. It

1029
00:46:56,520 --> 00:46:59,120
Speaker 2: makes no sense in my mind why the color of

1030
00:46:59,160 --> 00:47:03,600
Speaker 2: a house increases or decreases the liability and the potential

1031
00:47:03,680 --> 00:47:07,040
Speaker 2: for the insurance company to fork out repairs on that house. Yeah,

1032
00:47:07,040 --> 00:47:08,080
Speaker 2: like that makes no sense to me.

1033
00:47:08,239 --> 00:47:10,160
Speaker 1: I get that, And I think that's of all the

1034
00:47:10,160 --> 00:47:11,680
Speaker 1: things that are on that list, that's the one that

1035
00:47:11,719 --> 00:47:14,520
Speaker 1: Catherine's the most insane, more of an ability to push

1036
00:47:14,560 --> 00:47:16,680
Speaker 1: back on, especially given how expensive that can be. She's like, hey,

1037
00:47:16,719 --> 00:47:19,959
Speaker 1: what if I do this, this and this and maybe

1038
00:47:20,000 --> 00:47:21,920
Speaker 1: explains the house called this, or an agent comes in

1039
00:47:21,960 --> 00:47:24,920
Speaker 1: like you were talking about, explains why insurance companies they

1040
00:47:24,960 --> 00:47:28,160
Speaker 1: don't typically have like an artistic side to them. They're

1041
00:47:28,239 --> 00:47:31,600
Speaker 1: more man Yeah, so so but maybe you can explain

1042
00:47:31,680 --> 00:47:33,239
Speaker 1: that to them and buy more time on that one.

1043
00:47:33,239 --> 00:47:34,960
Speaker 1: But it comes out of like money as opposed to

1044
00:47:35,000 --> 00:47:38,680
Speaker 1: like art, right, Like art is subjective as opposed to

1045
00:47:38,880 --> 00:47:41,160
Speaker 1: insurance is objective. It's all about the numbers.

1046
00:47:41,200 --> 00:47:43,759
Speaker 2: And that's where like if they can prove that, like

1047
00:47:44,280 --> 00:47:47,200
Speaker 2: this color is so offensive that this house is more

1048
00:47:47,280 --> 00:47:49,920
Speaker 2: likely to be vandalized, Okay, then there's like some I

1049
00:47:49,920 --> 00:47:51,759
Speaker 2: don't know, there's a case to be made there, and

1050
00:47:51,800 --> 00:47:54,880
Speaker 2: maybe they have that data. Maybe maybe, but like I

1051
00:47:54,880 --> 00:47:57,920
Speaker 2: don't know, man, it seems like it's in yeah, infringing

1052
00:47:58,000 --> 00:48:01,320
Speaker 2: up like what was just like Soviet Union, like like Stalin,

1053
00:48:01,600 --> 00:48:04,160
Speaker 2: like it does feel a little un American down and

1054
00:48:04,200 --> 00:48:05,439
Speaker 2: saying that she's got to paint her house.

1055
00:48:05,480 --> 00:48:07,240
Speaker 1: I think that I'd be curious to know which insurance

1056
00:48:07,239 --> 00:48:09,319
Speaker 1: company this is and why they're cracking down specifically on

1057
00:48:09,320 --> 00:48:09,840
Speaker 1: house color.

1058
00:48:09,840 --> 00:48:11,680
Speaker 2: We need Catherine to to post a picture of her

1059
00:48:11,719 --> 00:48:13,880
Speaker 2: actual house. Yeah, maybe when she posted a picture it's.

1060
00:48:13,760 --> 00:48:16,320
Speaker 1: Like, oh, it's that color that's racist.

1061
00:48:17,520 --> 00:48:19,480
Speaker 2: I'm not at all saying that that's the case, Catherine,

1062
00:48:19,480 --> 00:48:21,680
Speaker 2: But maybe there's like a mural or something like that,

1063
00:48:21,719 --> 00:48:24,840
Speaker 2: and it's distracting for I don't know, like I was

1064
00:48:24,840 --> 00:48:27,279
Speaker 2: thinking about what could be so offensive, and then I

1065
00:48:27,280 --> 00:48:29,280
Speaker 2: actually thought of some things that could be very offensive

1066
00:48:29,320 --> 00:48:31,040
Speaker 2: to certain folks. For sure, I guess like if it

1067
00:48:31,040 --> 00:48:32,640
Speaker 2: was graffitied or something like that. Maybe.

1068
00:48:32,719 --> 00:48:33,120
Speaker 1: Yeah.

1069
00:48:33,160 --> 00:48:34,640
Speaker 2: But buddy, let's get back to the beer that you

1070
00:48:34,640 --> 00:48:38,560
Speaker 2: and I enjoyed today, which was a Black Quad, which

1071
00:48:38,640 --> 00:48:42,160
Speaker 2: is a not surprisingly a quadrupel.

1072
00:48:42,600 --> 00:48:43,680
Speaker 1: That's why I say quadruple.

1073
00:48:43,840 --> 00:48:47,319
Speaker 2: This is a beer by Real Ale Brewing Company out

1074
00:48:47,320 --> 00:48:49,440
Speaker 2: of oh But this is was this the last one

1075
00:48:49,440 --> 00:48:51,520
Speaker 2: from Texas's right, well, one of the ones she got.

1076
00:48:51,360 --> 00:48:54,600
Speaker 1: From Texas Lancle Texas. Uncle, Yeah, yeah, would you think that's.

1077
00:48:54,440 --> 00:48:55,360
Speaker 2: How gringo would say it?

1078
00:48:55,440 --> 00:48:56,000
Speaker 1: Blanco?

1079
00:48:56,719 --> 00:48:58,480
Speaker 2: It's dark, that's how they build it.

1080
00:48:58,520 --> 00:49:00,200
Speaker 1: So they're spot on there, and it's got some some

1081
00:49:00,280 --> 00:49:03,160
Speaker 1: raisin dark fruit vibes going on. It's it's I will say,

1082
00:49:03,160 --> 00:49:05,959
Speaker 1: it's not the most complex and interesting quad I've had,

1083
00:49:06,560 --> 00:49:10,120
Speaker 1: kind of very basic in one note, it's it's solid.

1084
00:49:10,400 --> 00:49:13,359
Speaker 1: But I love a good quad and this one let

1085
00:49:13,360 --> 00:49:15,920
Speaker 1: me down a little bit. But honestly, based on I

1086
00:49:15,960 --> 00:49:17,839
Speaker 1: know you're not supposed to judge book by its cover, Matt,

1087
00:49:18,040 --> 00:49:21,600
Speaker 1: but sometimes I do judge beers based on the gan art.

1088
00:49:22,000 --> 00:49:23,880
Speaker 1: Do you not like the clip art. It's a little

1089
00:49:23,960 --> 00:49:26,719
Speaker 1: kind of vibes, little subpar So I wasn't. I did

1090
00:49:26,800 --> 00:49:29,000
Speaker 1: not have the highest of expectations going into this, and

1091
00:49:29,040 --> 00:49:30,919
Speaker 1: so I guess I would say my expectations were met.

1092
00:49:31,120 --> 00:49:35,440
Speaker 2: I really try not to judge a book by its covers,

1093
00:49:35,520 --> 00:49:38,319
Speaker 2: So I went into this thinking all right. Actually, when

1094
00:49:38,320 --> 00:49:40,319
Speaker 2: you said what the style of beer were drinking, I

1095
00:49:40,360 --> 00:49:41,759
Speaker 2: was like, oh, you know what, I'm totally in the

1096
00:49:41,760 --> 00:49:44,560
Speaker 2: mood for a quad. But this one drank a little harsh,

1097
00:49:44,800 --> 00:49:47,520
Speaker 2: like it almost had like some metallic sort of flavors

1098
00:49:47,560 --> 00:49:49,200
Speaker 2: going on. So there just wasn't a whole lot of

1099
00:49:49,280 --> 00:49:51,560
Speaker 2: nuance going on. You caught it one note. I'm willing

1100
00:49:51,600 --> 00:49:54,120
Speaker 2: to give it two notes. You know, it's got height

1101
00:49:54,440 --> 00:49:57,160
Speaker 2: and length, it just doesn't have the depth. It's two dimensional.

1102
00:49:57,160 --> 00:49:59,440
Speaker 2: It's not it doesn't have that three dimensional sort of

1103
00:49:59,480 --> 00:50:01,000
Speaker 2: aspect that you get out of some of the better

1104
00:50:01,080 --> 00:50:02,719
Speaker 2: quads or some of you know, out of some of

1105
00:50:02,760 --> 00:50:05,160
Speaker 2: the better stouts. That's like ooh, oh yeah, I can

1106
00:50:05,200 --> 00:50:08,080
Speaker 2: taste the sweet notes and the dark, better roasty notes.

1107
00:50:08,120 --> 00:50:10,120
Speaker 2: Oh that it also has the spicy notes as well.

1108
00:50:10,120 --> 00:50:16,040
Speaker 2: That's the that's the depth obviously those are typically Mexican stouts. Specifically,

1109
00:50:16,040 --> 00:50:19,759
Speaker 2: we're talking about Westbrook's Mexican Cake, which is a fit.

1110
00:50:19,960 --> 00:50:20,120
Speaker 5: You know.

1111
00:50:20,120 --> 00:50:22,200
Speaker 2: That's one of those few beers on one of those agains.

1112
00:50:22,200 --> 00:50:23,759
Speaker 2: That's one of the few beers we've had had on

1113
00:50:23,800 --> 00:50:25,520
Speaker 2: the show multiple times. I think we've had it like

1114
00:50:25,560 --> 00:50:27,480
Speaker 2: two or three times for a good reason, in at

1115
00:50:27,560 --> 00:50:29,919
Speaker 2: different different years, because every time they brew it it's

1116
00:50:29,920 --> 00:50:32,560
Speaker 2: slightly different. It should tell you something about the beer

1117
00:50:32,640 --> 00:50:34,680
Speaker 2: we're drinking. The fact that we're talking about another beer

1118
00:50:34,680 --> 00:50:37,239
Speaker 2: that we've had off in the past, lusting after the

1119
00:50:37,239 --> 00:50:39,840
Speaker 2: beers of your but it's still fun to try something

1120
00:50:39,880 --> 00:50:42,200
Speaker 2: new and of course share a beer with you, my friend,

1121
00:50:42,320 --> 00:50:42,800
Speaker 2: no doubt.

1122
00:50:42,880 --> 00:50:44,000
Speaker 1: All right, that's going to do it for this one.

1123
00:50:44,000 --> 00:50:45,960
Speaker 1: We'll put links to some of the resources we mentioned

1124
00:50:46,080 --> 00:50:48,920
Speaker 1: up on the website at howtomoney dot com. There's a

1125
00:50:48,920 --> 00:50:52,600
Speaker 1: bunch of other money saving information up there too. If

1126
00:50:52,640 --> 00:50:54,960
Speaker 1: you are just you know, trying to figure out, hey,

1127
00:50:54,960 --> 00:50:57,200
Speaker 1: where are the money gears at click start here at

1128
00:50:57,239 --> 00:50:59,759
Speaker 1: the on the top of the homepage, or there's a

1129
00:50:59,800 --> 00:51:02,480
Speaker 1: re sources page as well. If you're looking for things

1130
00:51:02,520 --> 00:51:04,799
Speaker 1: that we mentioned frequently on the show and sign up

1131
00:51:04,800 --> 00:51:06,759
Speaker 1: for the newsletter. While you're there too, you won't be

1132
00:51:06,800 --> 00:51:10,959
Speaker 1: disappointed Matt until next time. Best friends out, Best Friends Out,