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

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Speaker 1: Matt and today we're discussing squid Game money lessons. That's right,

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Speaker 1: we are going to talk about squid Game during this

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Speaker 1: episode throughout this entire episode. But the first thing that

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Speaker 1: we want to make sure that you know is that

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Speaker 1: we will not give any spoilers throughout this episode. I

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Speaker 1: personally have only watched the first three episodes and so

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Speaker 1: I actually, personally I am unable to revealing the spoilers. Joel,

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Speaker 1: on the other hand, as who I'm gonna have to

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Speaker 1: keep my an eye on during this episode. So not

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Speaker 1: only when I have tens of thousands of people virtually

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Speaker 1: angry with me, but I would also have one person

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Speaker 1: who's in the room with me very So yeah, we

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Speaker 1: will avoid any of those spoilers. While we're trying to

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Speaker 1: our best to kind of say, hey, there's a lot

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Speaker 1: of money lessons to be gleaned from the show, but

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Speaker 1: just a warning, I do want to say that we

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Speaker 1: are going to talk about the show, and so if

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Speaker 1: you don't want to know about what the show is

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Speaker 1: about at all, then you know, maybe it is worth

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Speaker 1: it for you to hit pause, save this one for later.

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Speaker 1: Maybe until you've watched any of the episodes, or maybe

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Speaker 1: you're halfway through and you want to finish it, come

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Speaker 1: back after episode one at least, then sure, because we

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Speaker 1: will we all will have to cover at least we're

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Speaker 1: some of that. We're talking through mostly the episode of one,

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Speaker 1: to be honest, but really we're not giving much more

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Speaker 1: away than what you had had seen in like the

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Speaker 1: trailer for the show. Things like that. Oh and also

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Speaker 1: I wanted to mention that you do not have to

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Speaker 1: be a Squid Game fan in order to listen to

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Speaker 1: this episode and learn something valuable from it when it

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Speaker 1: comes to your personal finance. It certainly helps because some

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Speaker 1: of the illustrations we're gonna give are connected to the show.

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Speaker 1: But if you're one of the few folks who haven't

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Speaker 1: yet seen anything about The Squid Game, we just wanted

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Speaker 1: you to know that it is not a prerequisite. That

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Speaker 1: being said, I've watched the whole thing and I think

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Speaker 1: it's a great show, and I recommend it if if

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Speaker 1: you're okay with violence it does. That is true us

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Speaker 1: amounts of violence Quentin Tarantino style violence, because it's not

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Speaker 1: like which I will say, I sometimes get a little

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Speaker 1: squeamish at to me, I still really enjoyed the show.

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Speaker 1: I'm not super into violent movies or television shows, but

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Speaker 1: this one I thought was still worth watching. Yeah, we

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Speaker 1: don't enjoy it for the gore, but it is a

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Speaker 1: big part of the show. But aside from that, the

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Speaker 1: show is so so good. I'm sure you're ready to

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Speaker 1: watch the I really am, like I'm I'm so ready

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Speaker 1: to dive into episode for all right, Well, before we

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Speaker 1: get to the topic at hand, let's talk Matt real quickly.

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Speaker 1: I wanted to mention I recently had to figure out

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Speaker 1: what I was gonna do with health insurance because, as

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Speaker 1: everybody knows, I think most how the money listeners know,

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Speaker 1: I left my day job earlier this year, and I

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Speaker 1: because of just really good luck and fortune, I was

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Speaker 1: on my previous employers healthcare through Cobra, and then the

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Speaker 1: federal government made those Cobra healthcare plans free for a

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Speaker 1: few months, which I was like, oh my gosh, that

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Speaker 1: was just you know, money falling out of the sky

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Speaker 1: there that I did not expect. But now that is over,

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Speaker 1: that's done with, and so I had to kind of

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Speaker 1: take a look around and I looked at healthcare dot gov,

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Speaker 1: trying to see, Okay, what would a health care plan

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Speaker 1: here cost my family? It turns out not a whole

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Speaker 1: lot of money. I mean, well, it depends on how

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Speaker 1: you can find a lot of money. It was a

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Speaker 1: lot of money, but it wasn't as bad as maybe

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Speaker 1: I thought it might have been. But yeah, I know

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Speaker 1: you had had a great experience with meta share. You

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Speaker 1: even wrote right an article about it on our website

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Speaker 1: years ago, which you recently updated health sharing plan. Yeah,

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Speaker 1: and so I looked into meta share too, and it

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Speaker 1: turns out that's where my family and I went. We

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Speaker 1: decided that that was the best rate with the best coverage.

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Speaker 1: And it's important to note that these health sharing ministries,

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Speaker 1: these health sharing companies, um some of which are completely

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Speaker 1: Christian based, some are based around other religions, some are

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Speaker 1: very loosely or not at all based around anything to

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Speaker 1: do with with faith. But mena Share for us seemed

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Speaker 1: like it had just the best, uh the lowest premium

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Speaker 1: amount with kind of the best history and coverage options. Uh.

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Speaker 1: So that's that's where we went. And now we've joined

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Speaker 1: you and your family on on that meta share bandwagon.

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Speaker 1: That's right, paying something like two fifty a month, which

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Speaker 1: is incredibly affordable for a family our size, and honestly too,

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Speaker 1: just at the ages that Kate and I are at,

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Speaker 1: that you and Emily are at, it's just an incredibly

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Speaker 1: affordable way to make sure that we are covered when

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Speaker 1: it comes to our health care. But again, and I've

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Speaker 1: you know, wrote about this, but there are a few

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Speaker 1: things about health sharing that not everybody is going to

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Speaker 1: be on board with. You kind of have to weigh

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Speaker 1: those pros and the cons and decide what's best for you.

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Speaker 1: But we'll make sure to link to that article within

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Speaker 1: our show notes. Yeah, and some like I said, they

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Speaker 1: all have like different requirements and it's worth looking into

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Speaker 1: the different health sharing companies to see which one might

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Speaker 1: fit best for your fan. But well, we'll link to

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Speaker 1: an article that explains the way a few different ones work.

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Speaker 1: I think is a really helpful explainer, and then we'll

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Speaker 1: also linked to Matt's article about Meta Share in the

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Speaker 1: show notes. But I just want to let people know

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Speaker 1: that's where I'm at now, and uh, for our family,

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Speaker 1: it's definitely gonna be a big money saver. On on

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Speaker 1: the other side of the boat, though, Matt, we do

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Speaker 1: have to have more money set aside in our savings

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Speaker 1: because you do. Yeah, we're we're basically covering full freight

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Speaker 1: all of our healthcare costs up until the first twelve

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Speaker 1: thousand dollars a year, which is which is a lot.

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Speaker 1: And that's what we're on. I mean, that's how you

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Speaker 1: say the most money self insuring to our every single month, exactly.

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Speaker 1: All right, Let's go ahead and mention the beer that

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Speaker 1: you and I are enjoying on this episode. You pick

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Speaker 1: these up, and I'm actually surprised, and we'll talk about

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Speaker 1: why at the end of the episode when we share

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Speaker 1: our thoughts on these beers. But we are enjoying Alpha Abstraction,

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Speaker 1: which is a double I p A by Wild Leap

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Speaker 1: Craft beer. But enough of that for now. Let's go

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Speaker 1: ahead and get to the episode. Let's let's do it.

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Speaker 1: Let's start talking about squid Game and the money lessons

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Speaker 1: that you can learn from watching that show. And I

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Speaker 1: was surprised because I've been hearing the buzz about about

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Speaker 1: this show and I was like, well, I totally want

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Speaker 1: to check it out. I love dystopian style content, and yeah,

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Speaker 1: it turns out this has really been a breakout show

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Speaker 1: for Netflix. They recently announced that Squid Game is worth

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Speaker 1: more than nine million dollars to their company, which I

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Speaker 1: thought was really impressive. And apparently this series actually it

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Speaker 1: costs Netflix less than one Dave Chappelle stand up special. Seriously, yeah,

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Speaker 1: I found that hard to believe. That's like they paid

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Speaker 1: Dave like twenty four million, and they paid like and

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Speaker 1: to get Squid Games like twenty one million. So obviously

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Speaker 1: they have gotten their investment back and more. At this

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Speaker 1: point in time, two thirds of all Netflix subscribers have

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Speaker 1: actually watched Squid Game at this point too. And so yeah,

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Speaker 1: while while Netflix doesn't release all of the streaming details

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Speaker 1: for shows and movies that they create or partner with,

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Speaker 1: it gives you a sense of just how big how

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Speaker 1: gargantu in this show has been around the world since

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Speaker 1: it was released in mid September. And like I said,

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Speaker 1: I personally really love the show, love dystopian stuff. But

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Speaker 1: we're going to try and extrapolate some lessons that were

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Speaker 1: just easily discernible. I remember thinking this Matt in episode one, like,

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Speaker 1: oh my gosh, I feel like we have to talk

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Speaker 1: about squid Game on the show now. There's just so

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Speaker 1: much stuff in here. That relates to personal finance. Again,

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Speaker 1: we're gonna try to not dive too deep into the

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Speaker 1: plot lines if you haven't seen it yet, but if

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Speaker 1: you're a money nerd and you're paying close attention while

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Speaker 1: watching the show, you'll notice that there were some really

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Speaker 1: impactful money lessons that are work discussing. That's what Matt

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Speaker 1: and are going to do today exactly. And again, most

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Speaker 1: of the lessons we are going to discuss are mostly

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Speaker 1: from episode one, so rest assured that we're not going

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Speaker 1: to spoil the entire series for you. But who knew

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Speaker 1: that you'd be able to learn all the things that

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Speaker 1: you should and shouldn't do from watching a Korean drama,

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Speaker 1: well specifically actually the things that you shouldn't be doing

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Speaker 1: with your money. But as we are recording this right now,

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Speaker 1: Squid Game was the number one show in ninety four

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Speaker 1: different countries. It's been, you know, like Joel, like you said,

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Speaker 1: it's been Netflix's biggest hits ever by a long shot.

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Speaker 1: But even still, we felt like it was lacking a

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Speaker 1: little bit. Let's be honest, you know, the only thing

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Speaker 1: missing from Squid Game is too nerdy money dudes digging

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Speaker 1: deep to get money lessons out of it. I'm sure

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Speaker 1: Netflix is reaching out to us as we speak. Oh yeah,

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Speaker 1: we've got to about the inc our own deal and

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Speaker 1: who does this might be something that we do on

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Speaker 1: a regular basis. That kind of depends on, you know,

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Speaker 1: what the next streaming hit is, but it also depends

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Speaker 1: to on how much is money a part of the

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Speaker 1: plot line. But for Squid Game in particular, we thought

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Speaker 1: that there were just too many money red flags just

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Speaker 1: popping up while we were watching this to not create

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Speaker 1: an episode. I'm about it. So let's go ahead and

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Speaker 1: dive in. Let's do it. Okay, So the first money

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Speaker 1: lesson occurs really within the first few seconds of the

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Speaker 1: first episode, right immediately, and it stuck out in my

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Speaker 1: mind like so many of these do do. And uh,

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Speaker 1: it's the maximum spend money while you've got it. This

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Speaker 1: mentality is pervasive in Squid Game, but specifically with the

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Speaker 1: main character song Gi hunt and apologize in advance for

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Speaker 1: pronunciation issues. Actually, oh, by the way, did you watch

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Speaker 1: when you watched it, we never talked about this. Did

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Speaker 1: you watch it with English subtitles or did you watch

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Speaker 1: the English version the English subtitles? For sure? Okay, I

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Speaker 1: heard that. Actually make sure you have it on English

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Speaker 1: subtitles and not the closed caption English, which is evidently

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Speaker 1: a very poor translation. Okay, yeah, no, I I actually

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Speaker 1: love foreign films and and so I'm I'm used to

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Speaker 1: watching things with subtitles. My wife is like, na, I'm

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Speaker 1: not going to do that. So I watched the Squid

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Speaker 1: Game alone. Dude, I would even turn subtitles on with

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Speaker 1: uh ted lasso sometimes because let's be honest that that

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Speaker 1: Midwestern accident was hard to understand. Yeah, obviously at times,

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Speaker 1: obviously Roy Kent's accent, but there are times what I

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Speaker 1: literally couldn't figure out what he was saying some of

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Speaker 1: the books in the bar. I was like, that's true,

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Speaker 1: that's true. But yeah, And like we said, the main

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Speaker 1: character Songy Hunt, in fact, he actually literally says something

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Speaker 1: along these lines that spend money while you've got it

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Speaker 1: during the first scene of the show. Basically he says,

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Speaker 1: what's the point of saving money when he's never able

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Speaker 1: to get ahead? And so instead of that, let's just

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Speaker 1: enjoy enjoy the money. Now, live life to the fullest

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Speaker 1: while you have that money. That that short lived period

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Speaker 1: of time. And of course this is a huge character

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Speaker 1: flaw with the Ma character that you're presented with at

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Speaker 1: the very outset of the show. But this is also

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Speaker 1: just a massive problem when it comes to how so

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Speaker 1: many people handled their finances today. There's this you know, yolo,

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Speaker 1: you only live once element when it comes to that

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Speaker 1: money approach, and it's bound to, as it does in

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Speaker 1: this show, lead to some really awful consequences in the end. Yeah,

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Speaker 1: certainly aligns with the line that we all know from

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Speaker 1: the philosopher Dave Matthews, he'd drink and be merry for

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Speaker 1: tomorrow we die. Did you ever listen to Dave the day?

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Speaker 1: I totally was was into him? Oh yeah. But you know,

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Speaker 1: I love though that this was the first lesson that

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Speaker 1: we we get introduced to in the show, because it's

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Speaker 1: often the first challenge that we encounter as individuals when

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Speaker 1: we're faced with an issue with like limited resources or

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Speaker 1: limited money. Right. Like I remember, specifically as a kid,

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Speaker 1: my grandma buying my cousin and I both a pack

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Speaker 1: of a gun at the grocery store. Like we each

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Speaker 1: got to pick out which flavor we wanted. Uh, and

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Speaker 1: no joke, I'm pretty sure that I true through my

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Speaker 1: entire pack that afternoon while my cousin Adam had his

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Speaker 1: for the rest of the weekend. So like, I bring

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Speaker 1: that up because we can all think back to purchases,

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Speaker 1: maybe that we made as kids, or maybe while we

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Speaker 1: were in college, even as adults, to be honest, that

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Speaker 1: we regret. Right in the moment, it seemed like it

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Speaker 1: was the right choice for us to make. But when

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Speaker 1: we're driven by our immediate appetites and we don't give

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Speaker 1: much or any thought at all to the consequences, were

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Speaker 1: bound to be disappointed. Okay, I always point back to

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Speaker 1: my second Dreamcast purchase, and it was a It was

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Speaker 1: a fine system. I bought it used from a friend

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Speaker 1: and I was like, sweet, I'm getting a deal getting

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Speaker 1: all the games at once, because buying each game was

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Speaker 1: too expensive I could I couldn't afford it, and the

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Speaker 1: package deal. I got the package deal. But what I

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Speaker 1: really wanted and what I really should have done, was

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Speaker 1: saved up for the newer gaming system that all my

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Speaker 1: other friends were playing, and I cheaped out. And that is,

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Speaker 1: I will say, a consistent character flaw with me. I

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Speaker 1: have been working to remedy for a long time. Thus

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Speaker 1: frugal or cheap exactly again. But yeah, another aspect of

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Speaker 1: the first scene is the fact that there is an

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Speaker 1: unhealthy parent child relationship, and this, uh, we we see

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Speaker 1: starkly at the very beginning, and it definitely plays out poorly,

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Speaker 1: not just in how the son and the mom interact,

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Speaker 1: but when it comes to how they talk about money.

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Speaker 1: It's obvious again that the main character song he lives

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Speaker 1: with his mom and he depends on her for a

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Speaker 1: roof over his head, for money and for food, and

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Speaker 1: but at the same time he's a very grown man

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Speaker 1: and his over reliance on his mom to bring home

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Speaker 1: the bacon on his behalf has actually created some real

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Speaker 1: animosity between the two of them. And so, needless to say,

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Speaker 1: it's easy for poor money habits to create unhealthy ways

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Speaker 1: of interacting with the people that you're closest to. We

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Speaker 1: see this clearly, uh in the first few minutes of

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Speaker 1: this show, and it's one of those things that for

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Speaker 1: our listeners we want to make sure you're aware of,

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Speaker 1: because it's really easy to let unhealthy money habits actually

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Speaker 1: hurt the relationships of the people that you're closest to. Yeah,

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Speaker 1: and actually we just read west Moss's book in preparation

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Speaker 1: for his interview next on money and happiness, so you

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Speaker 1: can actually keep an eye out for that episode coming

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Speaker 1: up on Monday. But in his research, he found that

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Speaker 1: the happiest retirees live near their kids, not with them,

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Speaker 1: and so if you live near your adult kids, you're

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Speaker 1: likely going to be five times happier as a retiree.

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Speaker 1: And he found sharp declines in happiness during situations where

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Speaker 1: the kids actually had to move back home and we're

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Speaker 1: at least somewhat dependent on their parents. And then, you know,

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Speaker 1: just like we talked with Liz Frasier last week, it's

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Speaker 1: so incredibly important to work towards raising children who are

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Speaker 1: financially savvy and you know, can set out on their own.

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Speaker 1: We're just not going to be doing anyone in any

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Speaker 1: favors by coddling our kids. Uh And as children ourselves,

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Speaker 1: we didn't make sure that we're being self sufficient to

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Speaker 1: and not being overreliant on our parents. Not only does

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Speaker 1: that keep us from our full potential, but it's going

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Speaker 1: to decrease uh, their abilities to get ahead and be

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Speaker 1: happy as well. Yes, yes, Matt, but this is really

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Speaker 1: just kind of the tip of the iceberg when it

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Speaker 1: comes to the money lessons that we can lean from

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Speaker 1: the hit show, the wonderful show that is Squid Game.

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Speaker 1: And we have a lot more thoughts that we want

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Speaker 1: to share. We'll get to those right after this break. Alrighty,

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Speaker 1: we're back from the break. We're talking about the different

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Speaker 1: money lessons that we can learn from Squid Game. And Joel,

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Speaker 1: you mentioned that this wasn't a show that you could

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Speaker 1: get Emily on board with. Somehow I was able to

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Speaker 1: rope Kate in because she was there right when it

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Speaker 1: flipped on, and the first scene was them eating and

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Speaker 1: there's Korean food and obviously I'm well, I don't know

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Speaker 1: if it's obvious, I'm half Korean. Uh. And we eat

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Speaker 1: a decent amount of cream food here in our house. Uh.

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Speaker 1: And so Kate was like, oh, there's you know, there's Kim.

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Speaker 1: She there's rice, and I'm like yeah, and that's what

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Speaker 1: hooked her in. Well, that's what that's what allowed her

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Speaker 1: to give it a chance. And of course it's not

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Speaker 1: her favorite, but we haven't able to watch it together.

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Speaker 1: But so so Joel, like, right before the break, we

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Speaker 1: were talking about the you know, the unhealthy relationships there

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Speaker 1: between a character and his mom. Well, you know, we're

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Speaker 1: talking about songs specifically, one of the one of the

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Speaker 1: things that song does to cement the fact that things

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Speaker 1: are broken between him and his mom, he steals money

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Speaker 1: from her, which is, first of all, that's bad enough,

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Speaker 1: you know, on its own, but then he uses that

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Speaker 1: money to satisfy his gambling fix, just just to show

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Speaker 1: exactly how rough that relationship has gotten. When you're stealing

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Speaker 1: money from your parents, that there's a lot of damage done. Yes, yeah,

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Speaker 1: And so that's gonna be our next money lesson that

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Speaker 1: we can learn from squid Game. Uh, and that is

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Speaker 1: that gambling, well at least doing so regularly, isn't good.

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Speaker 1: We actually talked about this recently because we're seeing a

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Speaker 1: huge rise in online sports gambling. It seems fun and

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Speaker 1: innocent and maybe drop twenty bucks on your favorite team

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Speaker 1: or a specific player or even a play. Can't she

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Speaker 1: even bet on specific plays? Now? I think I think

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Speaker 1: it has gotten to that point. Um, but the instant

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Speaker 1: access to gambling apps on our phones makes it even

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Speaker 1: more engaging than ever, and the downsides, we believe, can

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Speaker 1: be pretty severe. It's best to stay away altogether, in

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Speaker 1: particular if you have a hard time sitting boundaries, and

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Speaker 1: it's not something that you struggled with in the past. Yeah,

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Speaker 1: Matt and I were not teetotalers by any stretch. I

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Speaker 1: mean we especially when it comes to all we but

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Speaker 1: we still believe, even though we drink a beer on

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Speaker 1: every episode, that you should do it in extreme moderation

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Speaker 1: because five beers is a whole lot different than one

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Speaker 1: or two beers, right, and it affects you differently. And

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Speaker 1: the same thing is true with gambling. Exactly what you

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Speaker 1: said about gambling on the leg. That's that's what we're

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Speaker 1: specifically taking issue with here. It's the fact that it

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Speaker 1: appears that the main character song he doesn't really have

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Speaker 1: a job. He depends on gambling to try and help

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Speaker 1: support his mom and himself. He's hoping that the next

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Speaker 1: big win is gonna come along any seconds, just waiting

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Speaker 1: for his big break. Yeah, and it's like, I know

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Speaker 1: it's gonna come at some point. I know that the

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Speaker 1: second horse in the third race is is gonna actually

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Speaker 1: pull through like I thought they would. And it turns

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Speaker 1: out that that is usually almost always an illusion. And yeah,

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Speaker 1: there's actually reference to a job that he has, but

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Speaker 1: you actually never see him in the show working. It's

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Speaker 1: not it doesn't seem like it's a part of his character,

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Speaker 1: Like he's not you know, like just do like grinding

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Speaker 1: it out, working hard for a page. That's just not

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Speaker 1: a part of who he is. He's just always looking

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Speaker 1: for that that quick fix, the easy big score, and

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Speaker 1: so yeah, he's looking for the quick shortcut, and you'd

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Speaker 1: rather chance it then instead of putting the effort into

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Speaker 1: earn a respectable living wage and showing up the work

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Speaker 1: on time. And so yeah, even when the time comes

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Speaker 1: for him to buy someone a gift later in an episode,

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Speaker 1: instead of going to the store and buying something like

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Speaker 1: a normal human being, he ends up risking all of

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Speaker 1: the money that he has in chance of winning this

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Speaker 1: bigger gift. So it just kind of shows how gambling

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Speaker 1: has taken him over as a human being. Really yeah,

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Speaker 1: you know. And interestingly, there's a point in that first

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Speaker 1: episode two where Song he's playing this game and he's

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Speaker 1: basically being trained to want to take on even more

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Speaker 1: risk in the future. He gets a small taste of

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Speaker 1: a prize so that he's willing to risk even more

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Speaker 1: down the road. And even though that pertains most directly

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Speaker 1: to our gambling listen, here there seems to be a

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Speaker 1: valuable takeaway when it comes to the small ways, the

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Speaker 1: different sub subtle ways that are actually not so subtle

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Speaker 1: ways that companies are able to kind of get their

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Speaker 1: hooks in us so that we become even more beholden

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Speaker 1: to either the products or the services that they sell.

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Speaker 1: Like it makes it makes me think of like the

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Speaker 1: free samples at Costco. Right, Like you're walking along, you

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Speaker 1: feel like you're pulling one over on them because you're

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Speaker 1: just like, oh, I'm just hopping from station to station

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Speaker 1: and they're you know, they're staying there and they're like, oh,

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Speaker 1: you like the taste of those coin chips and that sausa.

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Speaker 1: There's plenty more where that came from. Before you know

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Speaker 1: what you're walking out with like a you know, a

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Speaker 1: palette full of chips. I know. Yeah, You're like, little

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Speaker 1: do you know I just got a free lunch? And

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Speaker 1: they're like no, no, no no, little do you know you

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Speaker 1: just bought three bags of chips? Yeah? Little do you know?

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Speaker 1: You're never going to end your costco membership? And that

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Speaker 1: is how they make the bulk of their money. Yeah,

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Speaker 1: it's funny, man, Like this specific instancy you're referring to

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Speaker 1: that happens in episode one. It's one of those things

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Speaker 1: that it didn't really register in the same way with

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Speaker 1: me as it did with you. But when you pointed out,

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Speaker 1: I was like, oh, yeah, that's brilliant. He's kind of

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00:18:51,200 --> 00:18:53,760
Speaker 1: he is being trained. He's being groomed in a small

402
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Speaker 1: way too. And and that's exactly what's happening when you're

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Speaker 1: scrolling Instagram. Even the first time you see an ad

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Speaker 1: for a company, you be like, okay, cool, whatever, But

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00:19:01,520 --> 00:19:04,960
Speaker 1: the fifth, sixth time, twelfth time, you're like, what's going

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Speaker 1: on here, and you just at some point you respond

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00:19:07,520 --> 00:19:09,960
Speaker 1: to that stimulus. And so I think it's really important

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Speaker 1: for us to guard the things that are entering our

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Speaker 1: our smartphones, to guard the things that are entering our

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Speaker 1: brain because in so many ways, I feel like advertisers

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Speaker 1: are trying to groom us for that big purchase too. Totally. Yeah.

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Speaker 1: I mean, this is what they do, right, advertisers and marketers.

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Speaker 1: They're professionals at getting us to buy their things. I mean,

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Speaker 1: it even makes me think of something as innocuous as

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Speaker 1: uh today, free shipping. When that first came on the scene,

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Speaker 1: and it was like, oh my gosh, this is amazing,

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Speaker 1: Like free shipping and I get it in two days.

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Speaker 1: And now as we've seen that, you know that window

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Speaker 1: of time, that's something well it kind of depends now

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Speaker 1: with like the shipping delays and whatnot. But we get

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Speaker 1: used to certain standards and we have this we we

422
00:19:47,760 --> 00:19:51,080
Speaker 1: almost make this unconscious decision that we can't live without

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Speaker 1: this thing anymore. Uh, and then we are willing to

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Speaker 1: go through great lengths and pay high prices in order

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Speaker 1: to maintain that certain level of living. So yeah, we

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Speaker 1: felt that most directly to to the gambling lesson and

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Speaker 1: how he was being groomed to continue to game. But

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Speaker 1: but we certainly feel like you need to keep that

429
00:20:05,160 --> 00:20:07,040
Speaker 1: in mind when it comes to what it is you

430
00:20:07,080 --> 00:20:10,080
Speaker 1: purchase in our own consumption habits. So there's this new

431
00:20:10,119 --> 00:20:13,200
Speaker 1: startup in New York City, matt that is doing grocery delivery.

432
00:20:13,280 --> 00:20:15,640
Speaker 1: And you might have thought that, like Instacart was doing

433
00:20:15,680 --> 00:20:17,720
Speaker 1: a great job and they had a down pat although

434
00:20:17,760 --> 00:20:20,560
Speaker 1: I don't really use the grocery delivery services, but this

435
00:20:20,560 --> 00:20:22,920
Speaker 1: this company apparently is trying to do it in fifteen

436
00:20:22,920 --> 00:20:26,280
Speaker 1: minutes or less. I think they're joker. And apparently, at

437
00:20:26,359 --> 00:20:29,160
Speaker 1: least in Manhattan, they're they're being mostly successful right now.

438
00:20:29,320 --> 00:20:30,679
Speaker 1: So it's one of those things where you're right, like

439
00:20:30,680 --> 00:20:33,280
Speaker 1: the window just keeps closing. What we want just continues

440
00:20:33,320 --> 00:20:36,760
Speaker 1: to increase exponentially, and at some point you gotta cut

441
00:20:36,760 --> 00:20:40,240
Speaker 1: it off. It's you know, what's next four minute grocery delivery.

442
00:20:40,280 --> 00:20:43,840
Speaker 1: I mean, yeah, good good luck. And but yeah, another

443
00:20:43,920 --> 00:20:47,320
Speaker 1: lesson really that we learned from watching squid Game was

444
00:20:47,800 --> 00:20:50,760
Speaker 1: that's important to be generous even when you don't have

445
00:20:50,880 --> 00:20:54,280
Speaker 1: much money. And there's this like interesting little tidbit where

446
00:20:54,320 --> 00:20:59,560
Speaker 1: a character gives away some money to somebody else and

447
00:20:59,600 --> 00:21:04,280
Speaker 1: then later he asked for them money back. Shortly thereafter. Yeah,

448
00:21:04,400 --> 00:21:06,040
Speaker 1: he goes racing back and he's like, wait a second,

449
00:21:06,160 --> 00:21:09,680
Speaker 1: I gave you money, and actually I didn't. I couldn't

450
00:21:09,680 --> 00:21:11,560
Speaker 1: do that. I need I need it back. And it's

451
00:21:11,600 --> 00:21:14,119
Speaker 1: not that he didn't want to be generous. It seems

452
00:21:14,119 --> 00:21:17,320
Speaker 1: like he did, but in this specific situation, something unexpected

453
00:21:17,359 --> 00:21:19,320
Speaker 1: happened and then he was like left in an awkward

454
00:21:19,320 --> 00:21:22,119
Speaker 1: scenario where he needed that cash. And so, yeah, the

455
00:21:22,480 --> 00:21:25,239
Speaker 1: main takeaway here is that you don't have to be

456
00:21:25,359 --> 00:21:28,080
Speaker 1: rich in order to be generous. You can, and you

457
00:21:28,080 --> 00:21:31,120
Speaker 1: you really should start putting money where your priorities are

458
00:21:31,200 --> 00:21:33,359
Speaker 1: right now in terms of how you give some of

459
00:21:33,400 --> 00:21:36,600
Speaker 1: it away. Sometimes the most generous people are the ones

460
00:21:36,680 --> 00:21:38,760
Speaker 1: who have the least amount of money to give. I've

461
00:21:38,800 --> 00:21:41,440
Speaker 1: experienced that, Matt time and time again that sometimes the

462
00:21:41,480 --> 00:21:44,040
Speaker 1: people with the most money are the stingiest and they

463
00:21:44,040 --> 00:21:47,119
Speaker 1: don't give away a huge proportion of their income. And

464
00:21:47,160 --> 00:21:51,040
Speaker 1: sometimes people with very little uh to give are willing

465
00:21:51,080 --> 00:21:53,600
Speaker 1: to give you anything they have um And so, yeah,

466
00:21:53,640 --> 00:21:56,480
Speaker 1: what we would say is be generous, don't go into

467
00:21:56,520 --> 00:22:00,480
Speaker 1: debt being generous, but don't neglect philanthropy all together until

468
00:22:00,520 --> 00:22:03,080
Speaker 1: you reach financial independence. I think that can be a

469
00:22:03,080 --> 00:22:07,359
Speaker 1: tendency sometimes of people who are hyper money conscious. There's

470
00:22:07,359 --> 00:22:10,160
Speaker 1: something you just massively important about giving money away now,

471
00:22:10,400 --> 00:22:12,800
Speaker 1: and it doesn't just benefit others, but it puts money

472
00:22:13,000 --> 00:22:15,040
Speaker 1: in its proper place in your life too. I think

473
00:22:15,040 --> 00:22:18,800
Speaker 1: that's that's one of the biggest check marks in the

474
00:22:19,000 --> 00:22:21,919
Speaker 1: in the box of deciding to give at least a

475
00:22:21,960 --> 00:22:24,600
Speaker 1: portion of the money that you make away to other

476
00:22:24,640 --> 00:22:27,040
Speaker 1: people and other organizations that you care about. Sure, yeah,

477
00:22:27,080 --> 00:22:29,320
Speaker 1: and you know, there's a massive difference too, between feeling

478
00:22:29,400 --> 00:22:31,439
Speaker 1: like that you're wealthy or or that you're rich and

479
00:22:31,480 --> 00:22:35,240
Speaker 1: actually being wealthier rich, right uh. And in that moment,

480
00:22:35,280 --> 00:22:37,720
Speaker 1: this character he felt like he was wealthy, and so

481
00:22:37,800 --> 00:22:40,240
Speaker 1: he gave out of the you know, the abundance of

482
00:22:40,240 --> 00:22:43,919
Speaker 1: that emotional high. But as we know, oftentimes our emotions

483
00:22:43,920 --> 00:22:46,240
Speaker 1: can be deceptive and we might be making a decision

484
00:22:46,240 --> 00:22:50,120
Speaker 1: based on something that isn't completely grounded in reality. I'm

485
00:22:50,119 --> 00:22:51,840
Speaker 1: going to say all those two because at the same time,

486
00:22:51,880 --> 00:22:54,160
Speaker 1: I feel like this is tricky because there are times

487
00:22:54,520 --> 00:22:57,000
Speaker 1: when you have to trust our You gotta trust your gut, right,

488
00:22:57,160 --> 00:22:59,040
Speaker 1: like all things being equal, and you have to choose

489
00:22:59,080 --> 00:23:01,040
Speaker 1: between two options. You know which one are you gonna

490
00:23:01,080 --> 00:23:03,280
Speaker 1: go with? Those are times when someone would say, well,

491
00:23:03,280 --> 00:23:05,199
Speaker 1: you gotta kind of go with your gut, right. But

492
00:23:05,400 --> 00:23:07,680
Speaker 1: especially when it comes to being generous, I think there

493
00:23:07,680 --> 00:23:10,359
Speaker 1: are very few of us who have the problem of

494
00:23:10,400 --> 00:23:13,160
Speaker 1: giving too much of our money away, right. Yeah. It's like, hey,

495
00:23:13,480 --> 00:23:15,159
Speaker 1: I don't have enough money in savings because I was

496
00:23:15,200 --> 00:23:18,360
Speaker 1: just so freaking generous last mom. Never heard anybody say

497
00:23:18,359 --> 00:23:20,480
Speaker 1: that ever, I mean literally ever in my life. And

498
00:23:20,520 --> 00:23:23,159
Speaker 1: so that's why just creating a plan to give away

499
00:23:23,520 --> 00:23:25,760
Speaker 1: just say a percentage of your income is what we

500
00:23:25,800 --> 00:23:28,520
Speaker 1: would recommend because guess what, its scales with your income,

501
00:23:28,560 --> 00:23:31,280
Speaker 1: and it removes the temptation to want to cling onto

502
00:23:31,440 --> 00:23:34,200
Speaker 1: just all that is yours, right, And so I love

503
00:23:34,280 --> 00:23:36,960
Speaker 1: the idea of being able to predetermine something ahead of

504
00:23:37,040 --> 00:23:40,000
Speaker 1: time when you don't necessarily have your emotions maybe perhaps

505
00:23:40,000 --> 00:23:42,919
Speaker 1: clouding your judgment, uh, and then basing your actions in

506
00:23:42,960 --> 00:23:45,280
Speaker 1: the future based on what you've previously decided. It's kind

507
00:23:45,280 --> 00:23:46,960
Speaker 1: of like a budget. Yeah. A lot of people give

508
00:23:47,200 --> 00:23:49,640
Speaker 1: in the moment because they're product to give, and they're

509
00:23:49,680 --> 00:23:52,320
Speaker 1: like they either say, wait, I didn't actually have the

510
00:23:52,359 --> 00:23:54,520
Speaker 1: money to do that, or they say that, well, that

511
00:23:54,600 --> 00:23:57,359
Speaker 1: wasn't actually the cause I wanted to support, And we agree,

512
00:23:57,400 --> 00:23:59,520
Speaker 1: like taking a step back, deciding how much you're going

513
00:23:59,600 --> 00:24:01,880
Speaker 1: to give head of time, and then funneling that money

514
00:24:01,920 --> 00:24:05,680
Speaker 1: in those directions, not just deciding in the moment, uh

515
00:24:05,720 --> 00:24:07,399
Speaker 1: is the best way to go. And it's okay to

516
00:24:07,480 --> 00:24:10,000
Speaker 1: give spontaneously, but you want to make sure you budgeted

517
00:24:10,000 --> 00:24:13,199
Speaker 1: for that too, And so all right. Another money lesson

518
00:24:13,520 --> 00:24:16,760
Speaker 1: that we learned watching squid Game was that a lack

519
00:24:16,800 --> 00:24:22,040
Speaker 1: of money doesn't equate to moral failure. And our society,

520
00:24:22,119 --> 00:24:25,720
Speaker 1: Matt as a whole, we glorify money. We love to

521
00:24:25,760 --> 00:24:28,359
Speaker 1: talk about the richest people in the world. There's a

522
00:24:28,440 --> 00:24:31,879
Speaker 1: list is in the headlines a lot, Yeah Bezos, Elon Musk,

523
00:24:31,920 --> 00:24:35,840
Speaker 1: and it's like, who's the kingpin now? And I get

524
00:24:35,840 --> 00:24:39,280
Speaker 1: tired of seeing those headlines. We we as a society,

525
00:24:39,359 --> 00:24:43,159
Speaker 1: were pushed the glitz, the glamour, the celebrity, and money

526
00:24:43,200 --> 00:24:45,960
Speaker 1: is a huge part of that. We either make the

527
00:24:46,000 --> 00:24:49,720
Speaker 1: most successful among us into heroes or villains. Like Amazon

528
00:24:49,840 --> 00:24:51,760
Speaker 1: on its way up. It's like, look at this company.

529
00:24:51,960 --> 00:24:54,040
Speaker 1: It's the big upstart. It's gonna knock off Walmart. How

530
00:24:54,040 --> 00:24:56,520
Speaker 1: cool is this. It's gonna it's super techy and it's

531
00:24:56,520 --> 00:24:58,560
Speaker 1: gonna make all of our lives easier. And now it's

532
00:24:58,560 --> 00:25:01,720
Speaker 1: like world's richest man going into space. He's the worst

533
00:25:01,800 --> 00:25:06,440
Speaker 1: image all over their bashion Prime delivery, right. But but like, really,

534
00:25:06,440 --> 00:25:08,280
Speaker 1: when it comes down to it, I don't want to

535
00:25:08,320 --> 00:25:13,199
Speaker 1: glorify or demonize Jeff Bezos, but having money, what we

536
00:25:13,240 --> 00:25:14,800
Speaker 1: have to realize is that it doesn't make you a

537
00:25:14,880 --> 00:25:18,800
Speaker 1: better or worse human being. There are certainly many characters

538
00:25:18,840 --> 00:25:22,199
Speaker 1: in the show with severe moral flaws, but there are

539
00:25:22,200 --> 00:25:25,280
Speaker 1: also some incredibly kind and generous characters in the show

540
00:25:25,520 --> 00:25:29,840
Speaker 1: who ended up in dire financial circumstances that were had

541
00:25:29,880 --> 00:25:32,760
Speaker 1: nothing to do with making poor choices. And so you know,

542
00:25:32,840 --> 00:25:34,800
Speaker 1: what we would say is that poverty, it's not a

543
00:25:34,880 --> 00:25:37,800
Speaker 1: moral failure. It truly is just a lack of money

544
00:25:37,840 --> 00:25:40,520
Speaker 1: in our society. That's not always the message that we get,

545
00:25:40,880 --> 00:25:43,800
Speaker 1: but it's something that we think is incredibly true, and

546
00:25:43,920 --> 00:25:46,400
Speaker 1: it's yeah worth mentioning. And actually, there is this recent

547
00:25:46,440 --> 00:25:49,360
Speaker 1: paper on poverty from the National Bureau of Economic Research,

548
00:25:49,720 --> 00:25:52,119
Speaker 1: and it showed that access to better jobs or folks

549
00:25:52,119 --> 00:25:56,600
Speaker 1: who are living in impoverished conditions that largely reduces poverty.

550
00:25:56,840 --> 00:25:58,480
Speaker 1: So it's important to note that there are problems on

551
00:25:58,480 --> 00:26:00,880
Speaker 1: a societal level that need to be addressed, and it's

552
00:26:00,880 --> 00:26:03,360
Speaker 1: important for us to ask ourselves what kind of society

553
00:26:03,400 --> 00:26:05,159
Speaker 1: do we want to live in. There's no need to

554
00:26:05,400 --> 00:26:09,200
Speaker 1: demonize anyone in particular in order to create meaningful fixes.

555
00:26:09,640 --> 00:26:12,080
Speaker 1: But at the same time, when someone like Warren Bufett

556
00:26:12,119 --> 00:26:15,119
Speaker 1: talks about paying a smaller percentage of tax than his secretary,

557
00:26:15,359 --> 00:26:17,199
Speaker 1: you know, I feel like it's worth considering how it

558
00:26:17,280 --> 00:26:19,359
Speaker 1: is our tax system functions, and if it's doing what

559
00:26:19,400 --> 00:26:22,199
Speaker 1: we wanted to, it's worth reconsidering how does our government

560
00:26:22,200 --> 00:26:24,080
Speaker 1: is currently functioning and if it's doing a good job

561
00:26:24,080 --> 00:26:26,200
Speaker 1: playing the roles that we wanted to when you zoom out,

562
00:26:26,240 --> 00:26:28,359
Speaker 1: there's a lot on the societal level that we should

563
00:26:28,480 --> 00:26:30,320
Speaker 1: re examine as well. Yeah, man, I think if you

564
00:26:30,359 --> 00:26:32,639
Speaker 1: were to take a poll, people on both sides of

565
00:26:32,640 --> 00:26:35,600
Speaker 1: the aisle would say the current current tax system, the

566
00:26:35,600 --> 00:26:39,439
Speaker 1: current way things are set up not ideal. You wouldn't

567
00:26:39,440 --> 00:26:42,240
Speaker 1: have a lack of people that have problems with the

568
00:26:42,240 --> 00:26:46,400
Speaker 1: current construction of things. But one of the most important

569
00:26:46,720 --> 00:26:51,040
Speaker 1: elements of the show squid Game is debt. There's a

570
00:26:51,040 --> 00:26:52,800
Speaker 1: whole lot of commentary, there's a whole lot that we

571
00:26:52,840 --> 00:26:55,840
Speaker 1: can glean and talk about based on the role that

572
00:26:56,240 --> 00:26:59,440
Speaker 1: debt plays in the show. And so, yeah, we've got

573
00:26:59,520 --> 00:27:01,800
Speaker 1: stuff that we want to talk about on that front

574
00:27:02,040 --> 00:27:13,080
Speaker 1: and more right after this. All right, we're back from

575
00:27:13,080 --> 00:27:15,480
Speaker 1: the break. We're talking about squid Game. And anybody who's

576
00:27:15,520 --> 00:27:20,120
Speaker 1: already seen even a single episode of squid Game probably

577
00:27:20,200 --> 00:27:23,399
Speaker 1: can't believe that we haven't talked about debt yet, because

578
00:27:23,480 --> 00:27:26,440
Speaker 1: it is so fundamental and so crucial and so at

579
00:27:26,440 --> 00:27:29,680
Speaker 1: the center of how the storyline even exists. So let's

580
00:27:29,680 --> 00:27:31,959
Speaker 1: get to that overarching lesson that we can all learn

581
00:27:32,040 --> 00:27:34,639
Speaker 1: from squid Game, which is that debt can ruin your life.

582
00:27:35,040 --> 00:27:38,040
Speaker 1: This message comes across loud and clear, uh, and the

583
00:27:38,280 --> 00:27:39,879
Speaker 1: you know, the whole reason that folks have entered this

584
00:27:39,960 --> 00:27:42,639
Speaker 1: dystopian world is because of the money trouble that they're in.

585
00:27:43,040 --> 00:27:45,720
Speaker 1: And anyone who has ever been in copious amounts of

586
00:27:45,760 --> 00:27:48,080
Speaker 1: debt in their own life knows that at a certain

587
00:27:48,119 --> 00:27:51,320
Speaker 1: point that debt begins to cloud almost every interaction, every

588
00:27:51,400 --> 00:27:53,680
Speaker 1: choice that you make. It's proven that debt even makes

589
00:27:53,720 --> 00:27:56,600
Speaker 1: you dumber as well as that's show that an influx

590
00:27:56,640 --> 00:27:59,600
Speaker 1: of debt can drop your i Q by about twelve points,

591
00:28:00,000 --> 00:28:03,320
Speaker 1: owing credit card companies, owing student loans, a car payments,

592
00:28:03,480 --> 00:28:05,600
Speaker 1: not having enough money to cover just even all those

593
00:28:05,640 --> 00:28:08,800
Speaker 1: monthly bills. That just becomes as much of a mental

594
00:28:08,800 --> 00:28:12,040
Speaker 1: problem as it is a money one. Those stresses weigh

595
00:28:12,080 --> 00:28:14,560
Speaker 1: on us. And so it's not going to guarantee that

596
00:28:14,600 --> 00:28:17,600
Speaker 1: you'll necessarily go down the squid Game path, but it's

597
00:28:17,640 --> 00:28:19,200
Speaker 1: sure going to mess with your brain, and that's something

598
00:28:19,200 --> 00:28:21,520
Speaker 1: that you want to make sure that you avoid. Fortunately,

599
00:28:21,560 --> 00:28:24,960
Speaker 1: this is fictional, and you're right. I hope, I hope

600
00:28:25,000 --> 00:28:29,080
Speaker 1: nobody ever goes down the actual squid Game path. But yeah,

601
00:28:29,119 --> 00:28:31,760
Speaker 1: you're right, Matt, like, debt is an enormous burden for

602
00:28:32,040 --> 00:28:36,000
Speaker 1: tens of millions of Americans, and living under that weight,

603
00:28:36,560 --> 00:28:39,320
Speaker 1: it can be brutal over time. And so, you know,

604
00:28:39,400 --> 00:28:41,640
Speaker 1: one of the other things that made me think was

605
00:28:41,680 --> 00:28:45,080
Speaker 1: that where you go to get debt matters. If we've

606
00:28:45,080 --> 00:28:47,360
Speaker 1: talked in the past about the difference between good debt

607
00:28:47,560 --> 00:28:49,920
Speaker 1: and bad debt, how getting a mortgage to buy a

608
00:28:49,960 --> 00:28:52,520
Speaker 1: home or taking out a small amount of student loans,

609
00:28:52,680 --> 00:28:54,840
Speaker 1: both of those are okay in our book. You don't

610
00:28:54,880 --> 00:28:56,920
Speaker 1: want to take on hundreds of thousands of dollars to

611
00:28:56,920 --> 00:29:00,840
Speaker 1: get a philosophy degree from your state university. But yeah,

612
00:29:01,280 --> 00:29:04,000
Speaker 1: in the in the show song, the main character in

613
00:29:04,200 --> 00:29:07,440
Speaker 1: squid Game, he actually gets money from loan Sharks in

614
00:29:07,520 --> 00:29:10,240
Speaker 1: order to fuel that gambling addiction that we spoke about earlier.

615
00:29:10,400 --> 00:29:12,120
Speaker 1: He's hoping to strike it rich right in order to

616
00:29:12,160 --> 00:29:14,200
Speaker 1: pay that loan off. And then he's like, you know what,

617
00:29:14,280 --> 00:29:16,240
Speaker 1: I'll probably win enough to provide for my family. At

618
00:29:16,280 --> 00:29:18,200
Speaker 1: the same time, I'll just do it this once. It's

619
00:29:18,240 --> 00:29:20,520
Speaker 1: gonna be all good. I doubt that any how, the

620
00:29:20,600 --> 00:29:24,160
Speaker 1: money listeners are visiting loan Sharks, but uh, you know,

621
00:29:24,160 --> 00:29:27,200
Speaker 1: where you hopefully not, but like, really, when it comes

622
00:29:27,200 --> 00:29:29,680
Speaker 1: down to it, where you go to take on debt

623
00:29:30,080 --> 00:29:32,680
Speaker 1: matters in a big way because the modern day loan

624
00:29:32,720 --> 00:29:35,480
Speaker 1: sharks are actually pay day lenders. They're title loan companies,

625
00:29:35,760 --> 00:29:39,600
Speaker 1: which you see commercials for. They charge exorbitant rates of

626
00:29:39,600 --> 00:29:42,720
Speaker 1: interest the rent to own places. They're just as bad

627
00:29:42,960 --> 00:29:44,840
Speaker 1: saying like, come in here, get this TV for this

628
00:29:44,880 --> 00:29:46,720
Speaker 1: many payments over this many years, and it turns out

629
00:29:46,760 --> 00:29:48,800
Speaker 1: you pay three or four times as much for a

630
00:29:48,840 --> 00:29:51,440
Speaker 1: television as you would if you were to go buy

631
00:29:51,680 --> 00:29:56,280
Speaker 1: cash at a local electronics store. And these companies prey

632
00:29:56,320 --> 00:29:58,760
Speaker 1: on people who are in need, they often create much

633
00:29:58,840 --> 00:30:02,400
Speaker 1: greater levels of initial distress in the end, and there

634
00:30:02,400 --> 00:30:06,000
Speaker 1: are so many better paths to go down, including seeking

635
00:30:06,040 --> 00:30:10,040
Speaker 1: help from local religious organizations or nonprofits where you live

636
00:30:10,320 --> 00:30:13,400
Speaker 1: patient advocates. If medical debt is the problem that you're facing,

637
00:30:13,720 --> 00:30:16,360
Speaker 1: or borrowing money from your local credit union. It's just

638
00:30:16,400 --> 00:30:18,880
Speaker 1: important to note that where you go to get your

639
00:30:18,880 --> 00:30:21,680
Speaker 1: debt matters a whole lot. And even though we don't

640
00:30:21,720 --> 00:30:23,880
Speaker 1: think you're gonna go to the worst possible place, there's

641
00:30:23,880 --> 00:30:26,680
Speaker 1: still a sliding scale of good versus bad places to

642
00:30:26,720 --> 00:30:28,680
Speaker 1: go When you are taking on debt, even for a

643
00:30:28,680 --> 00:30:31,320
Speaker 1: good reason. Sure, I mean honestly, even like going with

644
00:30:31,480 --> 00:30:33,720
Speaker 1: the credit card is going to be better than going

645
00:30:33,760 --> 00:30:35,440
Speaker 1: to like a paida alone. And that's not something we

646
00:30:35,440 --> 00:30:37,400
Speaker 1: would ever tell you to do. Like we're never gonna say, hey,

647
00:30:37,400 --> 00:30:40,120
Speaker 1: get a credit card and pay interest on that. We

648
00:30:40,200 --> 00:30:42,440
Speaker 1: don't ever want you to do that. But compared to

649
00:30:42,520 --> 00:30:44,880
Speaker 1: the rates that payday lenders are charging, I mean, the

650
00:30:44,920 --> 00:30:48,720
Speaker 1: average interest rate is were to annualize that and compare

651
00:30:48,760 --> 00:30:50,800
Speaker 1: it to an actual credit card. And so even though

652
00:30:50,800 --> 00:30:53,400
Speaker 1: those lenders aren't like physically beating you up in order

653
00:30:53,440 --> 00:30:55,520
Speaker 1: to get their money back, it does feel criminal that

654
00:30:55,560 --> 00:30:57,720
Speaker 1: they're able to charge that much money compared to some

655
00:30:57,760 --> 00:30:59,400
Speaker 1: of the other options that are out there. And so

656
00:30:59,440 --> 00:31:01,840
Speaker 1: another less and we wanted to share from squid Games

657
00:31:01,880 --> 00:31:05,600
Speaker 1: that debt doesn't discriminate based on your income. And Okay,

658
00:31:05,640 --> 00:31:08,280
Speaker 1: so let's talk We've been talking a lot about song, Uh,

659
00:31:08,360 --> 00:31:10,720
Speaker 1: the main character. There's this other main character who works

660
00:31:10,760 --> 00:31:14,880
Speaker 1: in investment banking. He's made a ton of money for years. Uh,

661
00:31:14,880 --> 00:31:17,400
Speaker 1: and given his occupation, you would think that he would

662
00:31:17,400 --> 00:31:21,000
Speaker 1: be well acquainted to maybe the surefire ways to grow

663
00:31:21,040 --> 00:31:24,360
Speaker 1: his wealth over the years but instead he got into

664
00:31:24,480 --> 00:31:27,080
Speaker 1: risky investment vehicles. He lost a lot of his money,

665
00:31:27,520 --> 00:31:31,120
Speaker 1: and he went into debts because he invested unwisely. Let's

666
00:31:31,120 --> 00:31:32,720
Speaker 1: just say he definitely wasn't going on the low cost

667
00:31:32,800 --> 00:31:35,360
Speaker 1: index fund route. Uh, he hadn't heard of Jack vocal

668
00:31:35,360 --> 00:31:38,720
Speaker 1: I guess no doesn't. Well like he doesn't. He does

669
00:31:38,760 --> 00:31:41,560
Speaker 1: exist and care of a not in this dystopian world.

670
00:31:41,840 --> 00:31:44,320
Speaker 1: But there are some methods of investing that are much

671
00:31:44,320 --> 00:31:46,920
Speaker 1: more like gambling than folks want to admit. Uh. And

672
00:31:47,000 --> 00:31:48,720
Speaker 1: just because you're putting money in the stock market, that

673
00:31:48,720 --> 00:31:52,320
Speaker 1: doesn't make you an investor per se, because methods of

674
00:31:52,320 --> 00:31:55,920
Speaker 1: speculation like day trading options, trading, uh, even trading in

675
00:31:55,960 --> 00:31:59,640
Speaker 1: foreign currency, these are all incredibly risky. So just because

676
00:31:59,640 --> 00:32:01,720
Speaker 1: you've got a great income, just because you make a

677
00:32:01,760 --> 00:32:03,640
Speaker 1: lot of money, that doesn't mean that you can't fall

678
00:32:03,680 --> 00:32:06,640
Speaker 1: prey to pour money choices as well. Yeah, Matton, And

679
00:32:06,880 --> 00:32:08,760
Speaker 1: one of the things we've seen, we've seen more and

680
00:32:08,800 --> 00:32:12,719
Speaker 1: more statistics of people who are earning a hundred thousand

681
00:32:12,720 --> 00:32:16,200
Speaker 1: dollars or more claiming that they're living paycheck to paycheck.

682
00:32:16,760 --> 00:32:19,600
Speaker 1: And in fact, a recent survey found that sixty percent

683
00:32:19,680 --> 00:32:22,640
Speaker 1: of millennials who make more than a hundred thousand dollars

684
00:32:22,640 --> 00:32:24,880
Speaker 1: a year say that they wouldn't be able to pay

685
00:32:25,080 --> 00:32:27,880
Speaker 1: rent next month if they lost their job tomorrow. Like

686
00:32:27,960 --> 00:32:32,040
Speaker 1: that's that's how dire their actual financial position is despite

687
00:32:32,040 --> 00:32:35,840
Speaker 1: their income. And yet fort of Americans who make more

688
00:32:35,840 --> 00:32:38,880
Speaker 1: than a hundred thousand dollars say that they similarly are

689
00:32:38,920 --> 00:32:43,480
Speaker 1: living on the financial precipice and so high income definitely

690
00:32:43,880 --> 00:32:47,360
Speaker 1: does not ensure good decision making or that you'll be

691
00:32:47,400 --> 00:32:50,920
Speaker 1: able to easily avoid money problems. I think that's the misnomers.

692
00:32:50,960 --> 00:32:53,040
Speaker 1: Sometimes it's like, well, if I make enough money than

693
00:32:53,200 --> 00:32:56,280
Speaker 1: financial problems growth the window. Not true. You still have

694
00:32:56,360 --> 00:32:58,800
Speaker 1: to figure out and stick to the core tenants of

695
00:32:58,880 --> 00:33:02,200
Speaker 1: personal finance no matter how big your paycheck gets. You

696
00:33:02,200 --> 00:33:04,719
Speaker 1: can make insane amounts of money and still not have

697
00:33:04,800 --> 00:33:07,800
Speaker 1: any savings to back you up if that stops on

698
00:33:07,880 --> 00:33:10,000
Speaker 1: a dime. And just like at the stats mat when

699
00:33:10,000 --> 00:33:14,640
Speaker 1: it comes to former NFL players, a massive percentage of

700
00:33:14,640 --> 00:33:18,080
Speaker 1: of these guys seventy eight percent of them to be specific,

701
00:33:18,320 --> 00:33:21,239
Speaker 1: end up in severe financial trouble or they end up

702
00:33:21,240 --> 00:33:24,360
Speaker 1: filing for bankruptcy within two years of their playing career

703
00:33:24,400 --> 00:33:28,320
Speaker 1: being over. That is almost unfathomable for phrasing for any

704
00:33:28,360 --> 00:33:31,160
Speaker 1: of us to comprehend. When let's say, even if you

705
00:33:31,200 --> 00:33:32,640
Speaker 1: only played in the league for two or three years,

706
00:33:32,680 --> 00:33:35,160
Speaker 1: but you ended up making a million or two a year,

707
00:33:35,320 --> 00:33:37,760
Speaker 1: it's like, that's more money than some people will see

708
00:33:37,760 --> 00:33:39,600
Speaker 1: in their entire lives, and you made it in a

709
00:33:39,640 --> 00:33:43,120
Speaker 1: really short period of time, and it's gone, it's gone completely.

710
00:33:43,400 --> 00:33:46,560
Speaker 1: And so spending less than you make prioritizing savings, it

711
00:33:46,560 --> 00:33:49,840
Speaker 1: requires discipline and the ability to say no to things

712
00:33:49,840 --> 00:33:53,760
Speaker 1: that you want uninhibited spending and amassing debt. They don't

713
00:33:53,800 --> 00:33:56,720
Speaker 1: just stop because your income grows. That's definitely one of

714
00:33:56,720 --> 00:33:58,920
Speaker 1: the lessons that you can learn from squid Game and

715
00:33:59,040 --> 00:34:03,440
Speaker 1: from NFL in general, or retired NFL players at least. Yeah,

716
00:34:03,480 --> 00:34:05,840
Speaker 1: and you know, lifestyle creep, that's also a big reason

717
00:34:05,920 --> 00:34:09,600
Speaker 1: for these increased claims of not having enough money even

718
00:34:09,600 --> 00:34:11,520
Speaker 1: when you're making big bucks. And we actually talked about

719
00:34:11,520 --> 00:34:15,239
Speaker 1: this in depth back in episode three seventy four. Lifestyle creep, uh,

720
00:34:15,320 --> 00:34:17,960
Speaker 1: and just how it's it's I don't know, it's it's

721
00:34:18,000 --> 00:34:19,879
Speaker 1: it's like it lurks in the back of our minds

722
00:34:19,920 --> 00:34:22,720
Speaker 1: and we find it working its way into our spending habits.

723
00:34:22,920 --> 00:34:25,439
Speaker 1: And this is also something that doesn't discriminate between those

724
00:34:25,480 --> 00:34:29,440
Speaker 1: who earn you know, average or below average incomes versus

725
00:34:29,480 --> 00:34:31,759
Speaker 1: those who earn a ton of money. This is a

726
00:34:31,800 --> 00:34:34,960
Speaker 1: real issue for people on all income levels. And when

727
00:34:35,000 --> 00:34:36,840
Speaker 1: you look at the stats of how everything has grown

728
00:34:36,840 --> 00:34:39,440
Speaker 1: in our society, it's clear that we've all become accustomed

729
00:34:39,480 --> 00:34:42,680
Speaker 1: to just bigger and better, more square footage, bigger vehicles,

730
00:34:43,160 --> 00:34:47,480
Speaker 1: Give me the hundred eight ounces, drink a shirt, hit

731
00:34:47,520 --> 00:34:49,799
Speaker 1: me with all that sugar, and the Hunter TV two

732
00:34:49,800 --> 00:34:52,880
Speaker 1: while you're at it, uh, and all that to say

733
00:34:52,880 --> 00:34:56,040
Speaker 1: progress like like, it's not all bad that things are

734
00:34:56,280 --> 00:34:58,640
Speaker 1: getting better. I think there's an argument to me that

735
00:34:58,760 --> 00:35:01,080
Speaker 1: get you know, things going big or might be a

736
00:35:01,080 --> 00:35:03,480
Speaker 1: bad thing, but you know, the margin of progress is

737
00:35:03,520 --> 00:35:06,440
Speaker 1: mostly a good thing. But it also becomes much easier

738
00:35:06,520 --> 00:35:09,120
Speaker 1: to inflate our lifestyle just in a whole slew of ways.

739
00:35:09,360 --> 00:35:12,279
Speaker 1: And ultimately it's up to us to keep our expectations

740
00:35:12,320 --> 00:35:15,120
Speaker 1: in check, maybe even lowering them sometimes when if if

741
00:35:15,160 --> 00:35:18,120
Speaker 1: you realize that you're spending is not sustainable, right, if

742
00:35:18,160 --> 00:35:19,520
Speaker 1: your income is not going to be able to keep

743
00:35:19,560 --> 00:35:20,840
Speaker 1: up with your spending, that's something that you're going to

744
00:35:20,960 --> 00:35:23,640
Speaker 1: have to actively, you know, change on your own. Otherwise

745
00:35:23,680 --> 00:35:25,560
Speaker 1: you're gonna find yourself in debt. You need to work

746
00:35:25,680 --> 00:35:28,239
Speaker 1: to stop moving those goalposts as to what it is

747
00:35:28,280 --> 00:35:30,560
Speaker 1: that's going to make you happy. Yeah, And the whole

748
00:35:30,600 --> 00:35:34,279
Speaker 1: point of this show, Matt is we we really want

749
00:35:34,320 --> 00:35:37,800
Speaker 1: to point people in the direction of choosing a few

750
00:35:37,880 --> 00:35:40,640
Speaker 1: areas in their life where they consciously spend more money

751
00:35:40,960 --> 00:35:44,080
Speaker 1: and then cutting back in almost every other area of

752
00:35:44,080 --> 00:35:46,640
Speaker 1: their life so that they can enjoy the things that

753
00:35:46,680 --> 00:35:49,320
Speaker 1: they love the most, put their money in the places

754
00:35:49,560 --> 00:35:51,520
Speaker 1: where it's going to have the greatest r o I

755
00:35:51,920 --> 00:35:54,600
Speaker 1: craft Beer is the example for us. There are a

756
00:35:54,640 --> 00:35:57,479
Speaker 1: couple other specific areas of each of our lives where

757
00:35:57,480 --> 00:35:59,719
Speaker 1: we have chosen to spend more money in the here

758
00:35:59,719 --> 00:36:01,760
Speaker 1: and now while we're saving and investing wealth for the future.

759
00:36:01,800 --> 00:36:04,400
Speaker 1: And we think that that is a good way for

760
00:36:04,440 --> 00:36:05,879
Speaker 1: you to move forward when it comes to your money.

761
00:36:05,920 --> 00:36:08,480
Speaker 1: You don't have to put your budget on complete lockdown

762
00:36:08,760 --> 00:36:12,120
Speaker 1: and enjoy nothing of value, and that that would be

763
00:36:12,360 --> 00:36:15,560
Speaker 1: deprivation at its finest. And there's there are way too

764
00:36:15,600 --> 00:36:18,000
Speaker 1: many people in the personal finance world preaching that. We

765
00:36:18,040 --> 00:36:20,440
Speaker 1: completely disagree with that mindset, but you can't have it

766
00:36:20,440 --> 00:36:23,359
Speaker 1: all either, and so yeah, keeping lifestyle creep in check

767
00:36:23,600 --> 00:36:26,680
Speaker 1: is is a really really important thing for us all

768
00:36:26,840 --> 00:36:29,520
Speaker 1: to do. And all right, Matt, let's let's get to

769
00:36:29,640 --> 00:36:32,799
Speaker 1: the last great lesson that we learned watching squid Game

770
00:36:32,920 --> 00:36:35,880
Speaker 1: that applies to our money, and it's that there's there's

771
00:36:35,920 --> 00:36:38,640
Speaker 1: really no quick way out of the mind that we

772
00:36:38,680 --> 00:36:41,920
Speaker 1: put ourselves in in the beginning. It looks like just

773
00:36:41,960 --> 00:36:44,960
Speaker 1: playing a simple game could lead to maybe that the

774
00:36:45,040 --> 00:36:48,120
Speaker 1: solving of all the money problems that the main character faces.

775
00:36:48,560 --> 00:36:50,520
Speaker 1: It's uh, it's nice to think that there's a way

776
00:36:50,880 --> 00:36:54,399
Speaker 1: to quickly remedy a problem that might have taken you five, ten,

777
00:36:54,560 --> 00:36:58,800
Speaker 1: fifteen years to get yourself into massive levels of debt. Obviously,

778
00:36:58,840 --> 00:37:02,040
Speaker 1: don't don't spring up or night. It's almost always a

779
00:37:02,080 --> 00:37:04,760
Speaker 1: prolonged habit of buying things that you can't afford, slowly

780
00:37:04,800 --> 00:37:09,040
Speaker 1: and steadily. It is that lifestyle creep factor really that

781
00:37:09,480 --> 00:37:12,759
Speaker 1: rears its ugly head and slowly but surely gets you

782
00:37:12,840 --> 00:37:16,000
Speaker 1: into a debt problem that you can't quickly get your

783
00:37:16,000 --> 00:37:18,080
Speaker 1: way out of. And in the same way that you

784
00:37:18,120 --> 00:37:20,560
Speaker 1: found yourself in credit card debt, one purchase at a

785
00:37:20,640 --> 00:37:23,520
Speaker 1: time over many years, well the path out of that

786
00:37:23,560 --> 00:37:27,800
Speaker 1: debt is similarly slow, and so yeah, playing the lottery

787
00:37:28,080 --> 00:37:30,759
Speaker 1: really only makes things worse. It's like, cool, I I

788
00:37:30,760 --> 00:37:32,560
Speaker 1: need money to pay off this debt. Why don't I

789
00:37:32,600 --> 00:37:34,959
Speaker 1: just take all the extra cash I've got on hand

790
00:37:35,239 --> 00:37:37,080
Speaker 1: and see if I can win the big one. Well,

791
00:37:37,600 --> 00:37:40,680
Speaker 1: that is the exact wrong approach. It's crucial to make

792
00:37:40,680 --> 00:37:42,880
Speaker 1: a plan to get out of that debt hole and

793
00:37:42,920 --> 00:37:45,239
Speaker 1: then to stick to it, and so yeah, it's just

794
00:37:45,239 --> 00:37:48,040
Speaker 1: important to note that there's no quick solution, there's no

795
00:37:48,120 --> 00:37:52,720
Speaker 1: easy fix. It takes time, intentionality, and creating an actual

796
00:37:52,800 --> 00:37:55,200
Speaker 1: plan to help get you to the final goal you

797
00:37:55,200 --> 00:37:57,399
Speaker 1: want to reach. Yeah, and honestly, if there is an

798
00:37:57,440 --> 00:38:00,560
Speaker 1: easy button that's available to you, it's probably earth being

799
00:38:00,560 --> 00:38:02,360
Speaker 1: reminded of the fact that it's probably too good to

800
00:38:02,400 --> 00:38:05,400
Speaker 1: be true, right, It's most likely going to overpromise and underdeliver.

801
00:38:05,600 --> 00:38:07,439
Speaker 1: And that's something that's important for us to keep in mind.

802
00:38:07,719 --> 00:38:09,239
Speaker 1: And so, like you said, it's really important for us

803
00:38:09,239 --> 00:38:11,600
Speaker 1: to remember too that money isn't going to solve all

804
00:38:11,640 --> 00:38:14,759
Speaker 1: of our problems. Even if all of your debts were, say,

805
00:38:14,800 --> 00:38:17,080
Speaker 1: going to be paid off tomorrow, you're still gonna have

806
00:38:17,120 --> 00:38:19,800
Speaker 1: real issues in your life, right if you're currently in debt. Uh,

807
00:38:19,880 --> 00:38:22,120
Speaker 1: it's easy to think that more money is going to

808
00:38:22,160 --> 00:38:24,560
Speaker 1: be the solution. Like we specifically saw that with Song

809
00:38:24,600 --> 00:38:26,120
Speaker 1: and the you know, back in the first episode, he

810
00:38:26,160 --> 00:38:28,400
Speaker 1: gets a lot of money, but since he didn't address

811
00:38:28,520 --> 00:38:32,279
Speaker 1: his underlying issues of gambling, he continued down the same path. Uh,

812
00:38:32,280 --> 00:38:35,440
Speaker 1: and he persisted in making poor life decisions. And even

813
00:38:35,480 --> 00:38:38,280
Speaker 1: if you're working really hard to legitimately earn your income,

814
00:38:38,640 --> 00:38:40,359
Speaker 1: if you have spending issues, you know, at the at

815
00:38:40,360 --> 00:38:43,600
Speaker 1: your core, more money won't solve your problems. And so

816
00:38:43,719 --> 00:38:46,480
Speaker 1: this is just a final reminder that money can't and

817
00:38:46,560 --> 00:38:49,080
Speaker 1: it won't fix everything in your life. And it's crucial

818
00:38:49,120 --> 00:38:51,480
Speaker 1: to have limits when it comes to what you're willing

819
00:38:51,480 --> 00:38:54,960
Speaker 1: to do for money as well, you know, specifically saying

820
00:38:55,040 --> 00:38:58,400
Speaker 1: no to money that is a superpower worth developing. We

821
00:38:58,440 --> 00:39:00,520
Speaker 1: need to make sure that we're not just jumping at

822
00:39:00,560 --> 00:39:03,440
Speaker 1: every possible chance there is to make more money. We

823
00:39:03,560 --> 00:39:05,120
Speaker 1: I mean, we kind of talked about this somewhat recently

824
00:39:05,160 --> 00:39:07,719
Speaker 1: when we talked about just different gig jobs out there

825
00:39:07,760 --> 00:39:10,160
Speaker 1: and how if you start to enter that world, you

826
00:39:10,200 --> 00:39:12,040
Speaker 1: see all these different things that you could potentially do,

827
00:39:12,280 --> 00:39:14,440
Speaker 1: and it's you know, almost we kind of likened it

828
00:39:14,440 --> 00:39:16,319
Speaker 1: to a buffet of options to you, and you're like,

829
00:39:16,320 --> 00:39:18,879
Speaker 1: oh my gosh, look at all the different things that

830
00:39:19,040 --> 00:39:21,839
Speaker 1: I could do to make an extra buck. But what

831
00:39:21,920 --> 00:39:23,560
Speaker 1: do you want your life to look like? Make sure

832
00:39:23,600 --> 00:39:26,239
Speaker 1: that you're focusing on the things that truly matter, uh,

833
00:39:26,239 --> 00:39:28,360
Speaker 1: and the things that aren't necessarily going to give you

834
00:39:28,400 --> 00:39:31,359
Speaker 1: an immediate fix, but instead to focus on the more

835
00:39:31,440 --> 00:39:33,719
Speaker 1: long term solutions that's going to bring about, in this case,

836
00:39:33,760 --> 00:39:36,440
Speaker 1: the most financial health for you. Okay, so there it is.

837
00:39:36,520 --> 00:39:39,560
Speaker 1: I'm sure other listeners who paid really close attention might

838
00:39:39,560 --> 00:39:43,160
Speaker 1: have found other great takeaways when it comes to our

839
00:39:43,200 --> 00:39:47,359
Speaker 1: money from watching squid Game, but these were ours. And so, yeah,

840
00:39:47,400 --> 00:39:49,719
Speaker 1: debt is definitely a big part of it. Avoiding debt

841
00:39:50,080 --> 00:39:53,360
Speaker 1: and just realizing that debt is one of those things

842
00:39:53,480 --> 00:39:56,520
Speaker 1: that it really can hunt anybody's life, no matter where

843
00:39:56,520 --> 00:39:59,319
Speaker 1: you're at in the income spectrum. And so, yeah, if

844
00:39:59,320 --> 00:40:01,200
Speaker 1: you had an awesome money take away from a squid game,

845
00:40:01,360 --> 00:40:03,000
Speaker 1: share it with us via email. We'd love to kind

846
00:40:03,040 --> 00:40:04,799
Speaker 1: of hear what you thought, or yeah, maybe share it

847
00:40:04,840 --> 00:40:07,279
Speaker 1: in the Facebook group as well. And so, Matt, let's

848
00:40:07,280 --> 00:40:08,760
Speaker 1: get back to the beer we had on this episode.

849
00:40:08,760 --> 00:40:14,560
Speaker 1: This was Alpha Abstraction Volume eighteen eighteen, right, and so yeah,

850
00:40:14,600 --> 00:40:16,000
Speaker 1: what were your thoughts on this beer? And so it's

851
00:40:16,080 --> 00:40:18,239
Speaker 1: volume eighteen, and I mean back in the day, we

852
00:40:18,280 --> 00:40:21,200
Speaker 1: had volume like three or four. So this is kind

853
00:40:21,200 --> 00:40:24,080
Speaker 1: of a series that we have followed for a while now.

854
00:40:24,320 --> 00:40:26,239
Speaker 1: And so at the beginning of the episode, I said,

855
00:40:26,239 --> 00:40:28,080
Speaker 1: I was surprised that you picked this one up for us,

856
00:40:28,120 --> 00:40:31,480
Speaker 1: because this tends to be a sweeter double I p A.

857
00:40:31,800 --> 00:40:34,440
Speaker 1: And normally that's not the direction that you like to

858
00:40:34,440 --> 00:40:35,960
Speaker 1: go in with your I p A s. Right, Yeah,

859
00:40:36,000 --> 00:40:37,879
Speaker 1: that's true. And I was like, well, it's been a while,

860
00:40:37,880 --> 00:40:40,520
Speaker 1: I've changed and taste. Actually haven't had it since Volume eleven.

861
00:40:40,600 --> 00:40:43,440
Speaker 1: Let's get this a go, see see what it's tasting

862
00:40:43,480 --> 00:40:45,239
Speaker 1: like the Volume ten that was the black can that

863
00:40:45,320 --> 00:40:47,200
Speaker 1: we had on the show, remember maybe a year ago.

864
00:40:47,520 --> 00:40:50,799
Speaker 1: I remember baseball stats like and beer cans typically pretty well,

865
00:40:50,800 --> 00:40:54,200
Speaker 1: but I don't remember that. But I will say that this, uh,

866
00:40:54,280 --> 00:40:57,439
Speaker 1: this beer, honestly, it tastes really similar to It tastes

867
00:40:57,480 --> 00:41:00,239
Speaker 1: exactly like what I remember from the last time I

868
00:41:00,320 --> 00:41:02,880
Speaker 1: had it. And You're right, it is really sweet. It

869
00:41:02,920 --> 00:41:05,640
Speaker 1: has almost like some fruity pebble notes along with just

870
00:41:05,680 --> 00:41:09,839
Speaker 1: that like super super sweet hot concentrate. And I mean,

871
00:41:09,840 --> 00:41:11,799
Speaker 1: and I don't mean that in like a vicious way,

872
00:41:12,080 --> 00:41:14,920
Speaker 1: Like it's not overly, it doesn't taste like cereal, but

873
00:41:15,160 --> 00:41:18,160
Speaker 1: it does have like just those light fruity tones going on,

874
00:41:18,520 --> 00:41:20,239
Speaker 1: and that's not a bad thing. But it's just not

875
00:41:20,520 --> 00:41:23,239
Speaker 1: my jam this, uh So I was always wanted to

876
00:41:23,239 --> 00:41:24,920
Speaker 1: give it another chance. This brewery is about an hour

877
00:41:24,960 --> 00:41:27,799
Speaker 1: south of town, and a lot of people really like

878
00:41:27,880 --> 00:41:30,239
Speaker 1: this beer. It's just not one of my favorites. Yeah,

879
00:41:30,239 --> 00:41:32,680
Speaker 1: and it's worth noting too that this is uh not

880
00:41:33,000 --> 00:41:34,959
Speaker 1: a double dry hot I p A or a double

881
00:41:34,960 --> 00:41:37,960
Speaker 1: hazy IPA. This is a double classic I p A,

882
00:41:37,960 --> 00:41:40,080
Speaker 1: which means we poured it poured a kind of golden,

883
00:41:40,440 --> 00:41:42,640
Speaker 1: kind of golden amber color going on, and it was

884
00:41:42,640 --> 00:41:45,680
Speaker 1: perfectly clear, nice and filtered. For all the traditional beer

885
00:41:45,719 --> 00:41:47,879
Speaker 1: drinkers out there who don't like stuff floating in their beer,

886
00:41:48,719 --> 00:41:50,880
Speaker 1: which is often the times the case that when you

887
00:41:50,880 --> 00:41:53,359
Speaker 1: and I drink a beer, I mean, regardless if it's

888
00:41:53,400 --> 00:41:56,640
Speaker 1: a fruited sour or an adjunct stouts or a hazy

889
00:41:56,680 --> 00:41:58,920
Speaker 1: I p A, a a lot of times there's stuff still

890
00:41:59,000 --> 00:42:00,960
Speaker 1: with you know in the beer to give it all

891
00:42:00,960 --> 00:42:03,400
Speaker 1: that flavor, which I'm totally cool with, which might gross

892
00:42:03,520 --> 00:42:05,799
Speaker 1: some people out out there. But for all of the

893
00:42:05,880 --> 00:42:08,080
Speaker 1: super beer nerds, you know what we're talking about, this

894
00:42:08,120 --> 00:42:09,480
Speaker 1: one didn't have that though, and so I feel like

895
00:42:09,520 --> 00:42:11,560
Speaker 1: this was a nice introduction to maybe some of the bigger,

896
00:42:11,800 --> 00:42:13,880
Speaker 1: more flavorful beers out there. I feel like it had

897
00:42:13,920 --> 00:42:15,840
Speaker 1: like that sweet like you said, like a sweet resin

898
00:42:16,320 --> 00:42:19,000
Speaker 1: uh core to this beer. I enjoyed it. I I'd

899
00:42:19,000 --> 00:42:20,800
Speaker 1: give it like a four and a quarter on Untapped

900
00:42:21,000 --> 00:42:22,400
Speaker 1: even though it's been I feel like it's been a

901
00:42:22,440 --> 00:42:25,240
Speaker 1: couple of years maybe since I've been on untapped uh

902
00:42:25,239 --> 00:42:27,120
Speaker 1: and rated in my beers. But Jill, that's gonna be

903
00:42:27,120 --> 00:42:29,560
Speaker 1: it for this episode. Listeners. You can find our showed notes.

904
00:42:29,760 --> 00:42:31,839
Speaker 1: Any references we made during this episode you can find

905
00:42:31,880 --> 00:42:34,400
Speaker 1: up on our website at how to money dot com

906
00:42:34,400 --> 00:42:37,279
Speaker 1: no doubt, and Yeah, if you haven't watched squid Game

907
00:42:37,360 --> 00:42:40,080
Speaker 1: yet and it still sounds completely uninteresting to you, well

908
00:42:40,120 --> 00:42:42,759
Speaker 1: then keep avoiding it. But if you're like, oh, now,

909
00:42:42,760 --> 00:42:44,040
Speaker 1: I want to go back and see if I could

910
00:42:44,040 --> 00:42:48,480
Speaker 1: see all the places where money nersery intersects with dystopian

911
00:42:48,719 --> 00:42:52,680
Speaker 1: Korean film filmmaking. Then check it out and we hope

912
00:42:52,680 --> 00:42:54,680
Speaker 1: that you enjoyed this episode. If you did and you're

913
00:42:54,680 --> 00:42:56,360
Speaker 1: not already a subscriber, or make sure you mash that

914
00:42:56,440 --> 00:42:58,600
Speaker 1: subscribe button so that you do not miss any future

915
00:42:58,600 --> 00:43:01,320
Speaker 1: episodes from Joel and I. Buddy, that's gonna be it

916
00:43:01,360 --> 00:43:03,839
Speaker 1: for this episode until next time. Best Friends Out, Best

917
00:43:03,880 --> 00:43:04,520
Speaker 1: Friends Out,