WEBVTT - Squid Game Money Lessons #431 0:00:00.200 --> 0:00:02.760 Welcome to How the Money. I'm Joel and I and 0:00:02.960 --> 0:00:25.840 Matt and today we're discussing squid Game money lessons. That's right, 0:00:25.880 --> 0:00:27.720 we are going to talk about squid Game during this 0:00:27.760 --> 0:00:30.760 episode throughout this entire episode. But the first thing that 0:00:30.800 --> 0:00:32.279 we want to make sure that you know is that 0:00:32.320 --> 0:00:36.479 we will not give any spoilers throughout this episode. I 0:00:36.520 --> 0:00:39.680 personally have only watched the first three episodes and so 0:00:40.200 --> 0:00:43.680 I actually, personally I am unable to revealing the spoilers. Joel, 0:00:43.720 --> 0:00:46.559 on the other hand, as who I'm gonna have to 0:00:46.600 --> 0:00:48.839 keep my an eye on during this episode. So not 0:00:48.880 --> 0:00:51.720 only when I have tens of thousands of people virtually 0:00:51.760 --> 0:00:54.160 angry with me, but I would also have one person 0:00:54.200 --> 0:00:57.280 who's in the room with me very So yeah, we 0:00:57.320 --> 0:01:00.480 will avoid any of those spoilers. While we're trying to 0:01:00.520 --> 0:01:02.360 our best to kind of say, hey, there's a lot 0:01:02.400 --> 0:01:04.040 of money lessons to be gleaned from the show, but 0:01:04.080 --> 0:01:06.200 just a warning, I do want to say that we 0:01:06.280 --> 0:01:07.920 are going to talk about the show, and so if 0:01:07.920 --> 0:01:10.440 you don't want to know about what the show is 0:01:10.520 --> 0:01:13.640 about at all, then you know, maybe it is worth 0:01:13.680 --> 0:01:15.720 it for you to hit pause, save this one for later. 0:01:15.959 --> 0:01:19.119 Maybe until you've watched any of the episodes, or maybe 0:01:19.160 --> 0:01:21.040 you're halfway through and you want to finish it, come 0:01:21.080 --> 0:01:23.760 back after episode one at least, then sure, because we 0:01:23.840 --> 0:01:25.840 will we all will have to cover at least we're 0:01:25.840 --> 0:01:27.760 some of that. We're talking through mostly the episode of one, 0:01:27.800 --> 0:01:29.760 to be honest, but really we're not giving much more 0:01:29.840 --> 0:01:32.120 away than what you had had seen in like the 0:01:32.120 --> 0:01:34.559 trailer for the show. Things like that. Oh and also 0:01:34.560 --> 0:01:36.520 I wanted to mention that you do not have to 0:01:36.560 --> 0:01:39.280 be a Squid Game fan in order to listen to 0:01:39.280 --> 0:01:41.880 this episode and learn something valuable from it when it 0:01:41.880 --> 0:01:44.520 comes to your personal finance. It certainly helps because some 0:01:44.560 --> 0:01:47.440 of the illustrations we're gonna give are connected to the show. 0:01:47.800 --> 0:01:50.040 But if you're one of the few folks who haven't 0:01:50.200 --> 0:01:52.760 yet seen anything about The Squid Game, we just wanted 0:01:52.760 --> 0:01:55.560 you to know that it is not a prerequisite. That 0:01:55.600 --> 0:01:59.080 being said, I've watched the whole thing and I think 0:01:59.080 --> 0:02:01.360 it's a great show, and I recommend it if if 0:02:01.360 --> 0:02:05.040 you're okay with violence it does. That is true us 0:02:05.120 --> 0:02:07.960 amounts of violence Quentin Tarantino style violence, because it's not 0:02:08.040 --> 0:02:09.639 like which I will say, I sometimes get a little 0:02:09.639 --> 0:02:12.720 squeamish at to me, I still really enjoyed the show. 0:02:13.000 --> 0:02:16.520 I'm not super into violent movies or television shows, but 0:02:16.560 --> 0:02:18.160 this one I thought was still worth watching. Yeah, we 0:02:18.200 --> 0:02:21.320 don't enjoy it for the gore, but it is a 0:02:21.360 --> 0:02:23.640 big part of the show. But aside from that, the 0:02:23.680 --> 0:02:26.560 show is so so good. I'm sure you're ready to 0:02:26.560 --> 0:02:29.480 watch the I really am, like I'm I'm so ready 0:02:29.520 --> 0:02:31.920 to dive into episode for all right, Well, before we 0:02:31.960 --> 0:02:34.840 get to the topic at hand, let's talk Matt real quickly. 0:02:34.840 --> 0:02:38.000 I wanted to mention I recently had to figure out 0:02:38.200 --> 0:02:42.000 what I was gonna do with health insurance because, as 0:02:42.320 --> 0:02:44.320 everybody knows, I think most how the money listeners know, 0:02:44.400 --> 0:02:47.480 I left my day job earlier this year, and I 0:02:48.240 --> 0:02:51.960 because of just really good luck and fortune, I was 0:02:52.000 --> 0:02:56.920 on my previous employers healthcare through Cobra, and then the 0:02:56.960 --> 0:03:01.800 federal government made those Cobra healthcare plans free for a 0:03:01.840 --> 0:03:03.800 few months, which I was like, oh my gosh, that 0:03:03.880 --> 0:03:06.040 was just you know, money falling out of the sky 0:03:06.080 --> 0:03:09.520 there that I did not expect. But now that is over, 0:03:09.680 --> 0:03:12.440 that's done with, and so I had to kind of 0:03:12.480 --> 0:03:15.320 take a look around and I looked at healthcare dot gov, 0:03:15.320 --> 0:03:17.200 trying to see, Okay, what would a health care plan 0:03:17.800 --> 0:03:21.840 here cost my family? It turns out not a whole 0:03:21.880 --> 0:03:23.760 lot of money. I mean, well, it depends on how 0:03:23.800 --> 0:03:25.840 you can find a lot of money. It was a 0:03:25.840 --> 0:03:27.800 lot of money, but it wasn't as bad as maybe 0:03:27.840 --> 0:03:30.680 I thought it might have been. But yeah, I know 0:03:30.760 --> 0:03:33.079 you had had a great experience with meta share. You 0:03:33.400 --> 0:03:35.960 even wrote right an article about it on our website 0:03:36.040 --> 0:03:39.320 years ago, which you recently updated health sharing plan. Yeah, 0:03:39.520 --> 0:03:42.160 and so I looked into meta share too, and it 0:03:42.240 --> 0:03:44.880 turns out that's where my family and I went. We 0:03:44.920 --> 0:03:48.360 decided that that was the best rate with the best coverage. 0:03:48.640 --> 0:03:52.120 And it's important to note that these health sharing ministries, 0:03:52.160 --> 0:03:55.840 these health sharing companies, um some of which are completely 0:03:55.960 --> 0:03:59.040 Christian based, some are based around other religions, some are 0:03:59.120 --> 0:04:02.000 very loosely or not at all based around anything to 0:04:02.080 --> 0:04:05.600 do with with faith. But mena Share for us seemed 0:04:05.640 --> 0:04:08.320 like it had just the best, uh the lowest premium 0:04:08.360 --> 0:04:12.200 amount with kind of the best history and coverage options. Uh. 0:04:12.360 --> 0:04:14.760 So that's that's where we went. And now we've joined 0:04:14.760 --> 0:04:16.840 you and your family on on that meta share bandwagon. 0:04:16.839 --> 0:04:19.559 That's right, paying something like two fifty a month, which 0:04:19.640 --> 0:04:24.120 is incredibly affordable for a family our size, and honestly too, 0:04:24.240 --> 0:04:26.240 just at the ages that Kate and I are at, 0:04:26.279 --> 0:04:29.479 that you and Emily are at, it's just an incredibly 0:04:29.520 --> 0:04:31.680 affordable way to make sure that we are covered when 0:04:31.680 --> 0:04:34.400 it comes to our health care. But again, and I've 0:04:34.560 --> 0:04:36.440 you know, wrote about this, but there are a few 0:04:36.440 --> 0:04:38.680 things about health sharing that not everybody is going to 0:04:38.760 --> 0:04:40.360 be on board with. You kind of have to weigh 0:04:40.400 --> 0:04:42.840 those pros and the cons and decide what's best for you. 0:04:42.880 --> 0:04:44.960 But we'll make sure to link to that article within 0:04:44.960 --> 0:04:47.440 our show notes. Yeah, and some like I said, they 0:04:47.440 --> 0:04:49.960 all have like different requirements and it's worth looking into 0:04:49.960 --> 0:04:52.440 the different health sharing companies to see which one might 0:04:52.480 --> 0:04:54.440 fit best for your fan. But well, we'll link to 0:04:54.839 --> 0:04:58.200 an article that explains the way a few different ones work. 0:04:58.279 --> 0:05:00.000 I think is a really helpful explainer, and then we'll 0:05:00.000 --> 0:05:03.000 also linked to Matt's article about Meta Share in the 0:05:03.040 --> 0:05:04.880 show notes. But I just want to let people know 0:05:05.040 --> 0:05:07.920 that's where I'm at now, and uh, for our family, 0:05:07.920 --> 0:05:10.320 it's definitely gonna be a big money saver. On on 0:05:10.560 --> 0:05:12.120 the other side of the boat, though, Matt, we do 0:05:12.200 --> 0:05:14.520 have to have more money set aside in our savings 0:05:14.560 --> 0:05:17.279 because you do. Yeah, we're we're basically covering full freight 0:05:17.400 --> 0:05:20.320 all of our healthcare costs up until the first twelve 0:05:20.360 --> 0:05:21.920 thousand dollars a year, which is which is a lot. 0:05:21.920 --> 0:05:24.000 And that's what we're on. I mean, that's how you 0:05:24.000 --> 0:05:27.359 say the most money self insuring to our every single month, exactly. 0:05:27.560 --> 0:05:29.240 All right, Let's go ahead and mention the beer that 0:05:29.279 --> 0:05:31.640 you and I are enjoying on this episode. You pick 0:05:31.720 --> 0:05:34.119 these up, and I'm actually surprised, and we'll talk about 0:05:34.120 --> 0:05:35.960 why at the end of the episode when we share 0:05:35.960 --> 0:05:39.400 our thoughts on these beers. But we are enjoying Alpha Abstraction, 0:05:39.440 --> 0:05:41.760 which is a double I p A by Wild Leap 0:05:41.960 --> 0:05:44.200 Craft beer. But enough of that for now. Let's go 0:05:44.200 --> 0:05:45.840 ahead and get to the episode. Let's let's do it. 0:05:45.920 --> 0:05:48.640 Let's start talking about squid Game and the money lessons 0:05:48.640 --> 0:05:51.479 that you can learn from watching that show. And I 0:05:51.560 --> 0:05:55.000 was surprised because I've been hearing the buzz about about 0:05:55.000 --> 0:05:56.640 this show and I was like, well, I totally want 0:05:56.640 --> 0:06:00.840 to check it out. I love dystopian style content, and yeah, 0:06:00.960 --> 0:06:03.240 it turns out this has really been a breakout show 0:06:03.279 --> 0:06:06.440 for Netflix. They recently announced that Squid Game is worth 0:06:06.520 --> 0:06:09.599 more than nine million dollars to their company, which I 0:06:09.600 --> 0:06:15.359 thought was really impressive. And apparently this series actually it 0:06:15.440 --> 0:06:20.320 costs Netflix less than one Dave Chappelle stand up special. Seriously, yeah, 0:06:20.560 --> 0:06:22.440 I found that hard to believe. That's like they paid 0:06:22.480 --> 0:06:24.360 Dave like twenty four million, and they paid like and 0:06:24.640 --> 0:06:27.400 to get Squid Games like twenty one million. So obviously 0:06:27.440 --> 0:06:29.919 they have gotten their investment back and more. At this 0:06:29.960 --> 0:06:32.680 point in time, two thirds of all Netflix subscribers have 0:06:32.720 --> 0:06:35.560 actually watched Squid Game at this point too. And so yeah, 0:06:35.560 --> 0:06:38.480 while while Netflix doesn't release all of the streaming details 0:06:38.520 --> 0:06:41.440 for shows and movies that they create or partner with, 0:06:41.800 --> 0:06:43.680 it gives you a sense of just how big how 0:06:43.760 --> 0:06:46.600 gargantu in this show has been around the world since 0:06:46.640 --> 0:06:49.520 it was released in mid September. And like I said, 0:06:49.640 --> 0:06:52.440 I personally really love the show, love dystopian stuff. But 0:06:52.520 --> 0:06:55.160 we're going to try and extrapolate some lessons that were 0:06:55.200 --> 0:06:58.520 just easily discernible. I remember thinking this Matt in episode one, like, 0:06:58.760 --> 0:07:00.000 oh my gosh, I feel like we have to talk 0:07:00.000 --> 0:07:02.039 about squid Game on the show now. There's just so 0:07:02.120 --> 0:07:05.120 much stuff in here. That relates to personal finance. Again, 0:07:05.120 --> 0:07:07.520 we're gonna try to not dive too deep into the 0:07:07.560 --> 0:07:10.160 plot lines if you haven't seen it yet, but if 0:07:10.200 --> 0:07:12.320 you're a money nerd and you're paying close attention while 0:07:12.320 --> 0:07:14.560 watching the show, you'll notice that there were some really 0:07:14.600 --> 0:07:17.560 impactful money lessons that are work discussing. That's what Matt 0:07:17.560 --> 0:07:19.720 and are going to do today exactly. And again, most 0:07:19.760 --> 0:07:22.120 of the lessons we are going to discuss are mostly 0:07:22.160 --> 0:07:24.920 from episode one, so rest assured that we're not going 0:07:24.960 --> 0:07:27.640 to spoil the entire series for you. But who knew 0:07:27.640 --> 0:07:28.880 that you'd be able to learn all the things that 0:07:28.920 --> 0:07:31.840 you should and shouldn't do from watching a Korean drama, 0:07:32.280 --> 0:07:34.720 well specifically actually the things that you shouldn't be doing 0:07:34.720 --> 0:07:37.280 with your money. But as we are recording this right now, 0:07:37.440 --> 0:07:39.600 Squid Game was the number one show in ninety four 0:07:39.640 --> 0:07:42.160 different countries. It's been, you know, like Joel, like you said, 0:07:42.200 --> 0:07:45.360 it's been Netflix's biggest hits ever by a long shot. 0:07:45.760 --> 0:07:47.840 But even still, we felt like it was lacking a 0:07:47.840 --> 0:07:49.720 little bit. Let's be honest, you know, the only thing 0:07:49.720 --> 0:07:53.320 missing from Squid Game is too nerdy money dudes digging 0:07:53.360 --> 0:07:55.600 deep to get money lessons out of it. I'm sure 0:07:55.640 --> 0:07:58.040 Netflix is reaching out to us as we speak. Oh yeah, 0:07:58.040 --> 0:08:01.280 we've got to about the inc our own deal and 0:08:01.360 --> 0:08:03.840 who does this might be something that we do on 0:08:03.880 --> 0:08:06.200 a regular basis. That kind of depends on, you know, 0:08:06.240 --> 0:08:09.040 what the next streaming hit is, but it also depends 0:08:09.040 --> 0:08:11.280 to on how much is money a part of the 0:08:11.320 --> 0:08:14.400 plot line. But for Squid Game in particular, we thought 0:08:14.400 --> 0:08:17.840 that there were just too many money red flags just 0:08:17.880 --> 0:08:20.400 popping up while we were watching this to not create 0:08:20.440 --> 0:08:22.520 an episode. I'm about it. So let's go ahead and 0:08:22.560 --> 0:08:24.920 dive in. Let's do it. Okay, So the first money 0:08:24.960 --> 0:08:27.960 lesson occurs really within the first few seconds of the 0:08:27.960 --> 0:08:31.840 first episode, right immediately, and it stuck out in my 0:08:31.880 --> 0:08:34.200 mind like so many of these do do. And uh, 0:08:34.200 --> 0:08:37.560 it's the maximum spend money while you've got it. This 0:08:37.640 --> 0:08:41.480 mentality is pervasive in Squid Game, but specifically with the 0:08:41.520 --> 0:08:46.800 main character song Gi hunt and apologize in advance for 0:08:46.880 --> 0:08:50.080 pronunciation issues. Actually, oh, by the way, did you watch 0:08:50.080 --> 0:08:51.679 when you watched it, we never talked about this. Did 0:08:51.679 --> 0:08:54.480 you watch it with English subtitles or did you watch 0:08:54.600 --> 0:08:58.360 the English version the English subtitles? For sure? Okay, I 0:08:58.400 --> 0:09:00.520 heard that. Actually make sure you have it on English 0:09:00.520 --> 0:09:04.160 subtitles and not the closed caption English, which is evidently 0:09:04.200 --> 0:09:07.559 a very poor translation. Okay, yeah, no, I I actually 0:09:07.600 --> 0:09:10.480 love foreign films and and so I'm I'm used to 0:09:10.480 --> 0:09:13.120 watching things with subtitles. My wife is like, na, I'm 0:09:13.160 --> 0:09:15.320 not going to do that. So I watched the Squid 0:09:15.360 --> 0:09:18.200 Game alone. Dude, I would even turn subtitles on with 0:09:18.480 --> 0:09:22.199 uh ted lasso sometimes because let's be honest that that 0:09:22.280 --> 0:09:25.640 Midwestern accident was hard to understand. Yeah, obviously at times, 0:09:25.679 --> 0:09:28.040 obviously Roy Kent's accent, but there are times what I 0:09:28.320 --> 0:09:29.920 literally couldn't figure out what he was saying some of 0:09:29.920 --> 0:09:32.480 the books in the bar. I was like, that's true, 0:09:32.520 --> 0:09:35.559 that's true. But yeah, And like we said, the main 0:09:35.640 --> 0:09:38.720 character Songy Hunt, in fact, he actually literally says something 0:09:38.920 --> 0:09:41.240 along these lines that spend money while you've got it 0:09:41.520 --> 0:09:44.640 during the first scene of the show. Basically he says, 0:09:44.960 --> 0:09:47.680 what's the point of saving money when he's never able 0:09:47.679 --> 0:09:50.000 to get ahead? And so instead of that, let's just 0:09:50.160 --> 0:09:53.040 enjoy enjoy the money. Now, live life to the fullest 0:09:53.600 --> 0:09:56.079 while you have that money. That that short lived period 0:09:56.120 --> 0:09:59.200 of time. And of course this is a huge character 0:09:59.240 --> 0:10:01.640 flaw with the Ma character that you're presented with at 0:10:01.640 --> 0:10:04.360 the very outset of the show. But this is also 0:10:04.440 --> 0:10:06.600 just a massive problem when it comes to how so 0:10:06.640 --> 0:10:09.960 many people handled their finances today. There's this you know, yolo, 0:10:10.040 --> 0:10:12.240 you only live once element when it comes to that 0:10:12.320 --> 0:10:15.520 money approach, and it's bound to, as it does in 0:10:15.880 --> 0:10:20.920 this show, lead to some really awful consequences in the end. Yeah, 0:10:20.960 --> 0:10:22.920 certainly aligns with the line that we all know from 0:10:22.920 --> 0:10:26.400 the philosopher Dave Matthews, he'd drink and be merry for 0:10:26.520 --> 0:10:29.560 tomorrow we die. Did you ever listen to Dave the day? 0:10:29.720 --> 0:10:33.360 I totally was was into him? Oh yeah. But you know, 0:10:33.840 --> 0:10:36.680 I love though that this was the first lesson that 0:10:36.840 --> 0:10:39.360 we we get introduced to in the show, because it's 0:10:39.400 --> 0:10:42.680 often the first challenge that we encounter as individuals when 0:10:42.679 --> 0:10:45.839 we're faced with an issue with like limited resources or 0:10:46.040 --> 0:10:48.560 limited money. Right. Like I remember, specifically as a kid, 0:10:48.760 --> 0:10:50.559 my grandma buying my cousin and I both a pack 0:10:50.600 --> 0:10:51.959 of a gun at the grocery store. Like we each 0:10:52.000 --> 0:10:54.200 got to pick out which flavor we wanted. Uh, and 0:10:54.200 --> 0:10:56.720 no joke, I'm pretty sure that I true through my 0:10:56.920 --> 0:11:00.280 entire pack that afternoon while my cousin Adam had his 0:11:00.440 --> 0:11:03.760 for the rest of the weekend. So like, I bring 0:11:03.760 --> 0:11:06.040 that up because we can all think back to purchases, 0:11:06.080 --> 0:11:08.120 maybe that we made as kids, or maybe while we 0:11:08.160 --> 0:11:10.760 were in college, even as adults, to be honest, that 0:11:10.840 --> 0:11:13.280 we regret. Right in the moment, it seemed like it 0:11:13.320 --> 0:11:15.240 was the right choice for us to make. But when 0:11:15.280 --> 0:11:18.640 we're driven by our immediate appetites and we don't give 0:11:18.880 --> 0:11:21.800 much or any thought at all to the consequences, were 0:11:21.840 --> 0:11:24.280 bound to be disappointed. Okay, I always point back to 0:11:24.440 --> 0:11:27.880 my second Dreamcast purchase, and it was a It was 0:11:27.920 --> 0:11:29.600 a fine system. I bought it used from a friend 0:11:29.600 --> 0:11:31.600 and I was like, sweet, I'm getting a deal getting 0:11:31.600 --> 0:11:33.360 all the games at once, because buying each game was 0:11:33.400 --> 0:11:36.000 too expensive I could I couldn't afford it, and the 0:11:36.120 --> 0:11:39.120 package deal. I got the package deal. But what I 0:11:39.160 --> 0:11:41.320 really wanted and what I really should have done, was 0:11:41.360 --> 0:11:43.760 saved up for the newer gaming system that all my 0:11:43.800 --> 0:11:47.320 other friends were playing, and I cheaped out. And that is, 0:11:47.720 --> 0:11:51.040 I will say, a consistent character flaw with me. I 0:11:51.080 --> 0:11:53.120 have been working to remedy for a long time. Thus 0:11:53.200 --> 0:11:56.880 frugal or cheap exactly again. But yeah, another aspect of 0:11:56.920 --> 0:11:59.319 the first scene is the fact that there is an 0:11:59.440 --> 0:12:03.920 unhealthy parent child relationship, and this, uh, we we see 0:12:03.960 --> 0:12:06.800 starkly at the very beginning, and it definitely plays out poorly, 0:12:07.320 --> 0:12:09.160 not just in how the son and the mom interact, 0:12:09.520 --> 0:12:12.520 but when it comes to how they talk about money. 0:12:12.559 --> 0:12:15.280 It's obvious again that the main character song he lives 0:12:15.280 --> 0:12:17.520 with his mom and he depends on her for a 0:12:17.600 --> 0:12:20.679 roof over his head, for money and for food, and 0:12:20.960 --> 0:12:23.439 but at the same time he's a very grown man 0:12:23.760 --> 0:12:26.880 and his over reliance on his mom to bring home 0:12:26.880 --> 0:12:29.880 the bacon on his behalf has actually created some real 0:12:29.920 --> 0:12:33.560 animosity between the two of them. And so, needless to say, 0:12:33.840 --> 0:12:36.760 it's easy for poor money habits to create unhealthy ways 0:12:36.760 --> 0:12:39.080 of interacting with the people that you're closest to. We 0:12:39.120 --> 0:12:43.199 see this clearly, uh in the first few minutes of 0:12:43.200 --> 0:12:45.640 this show, and it's one of those things that for 0:12:45.720 --> 0:12:47.960 our listeners we want to make sure you're aware of, 0:12:48.080 --> 0:12:52.560 because it's really easy to let unhealthy money habits actually 0:12:52.600 --> 0:12:55.680 hurt the relationships of the people that you're closest to. Yeah, 0:12:55.760 --> 0:12:58.840 and actually we just read west Moss's book in preparation 0:12:58.880 --> 0:13:01.280 for his interview next on money and happiness, so you 0:13:01.320 --> 0:13:03.040 can actually keep an eye out for that episode coming 0:13:03.120 --> 0:13:05.840 up on Monday. But in his research, he found that 0:13:05.880 --> 0:13:09.920 the happiest retirees live near their kids, not with them, 0:13:10.200 --> 0:13:12.040 and so if you live near your adult kids, you're 0:13:12.080 --> 0:13:14.439 likely going to be five times happier as a retiree. 0:13:14.840 --> 0:13:18.520 And he found sharp declines in happiness during situations where 0:13:18.600 --> 0:13:20.800 the kids actually had to move back home and we're 0:13:20.920 --> 0:13:23.560 at least somewhat dependent on their parents. And then, you know, 0:13:23.720 --> 0:13:26.120 just like we talked with Liz Frasier last week, it's 0:13:26.280 --> 0:13:29.360 so incredibly important to work towards raising children who are 0:13:29.400 --> 0:13:32.040 financially savvy and you know, can set out on their own. 0:13:32.600 --> 0:13:34.320 We're just not going to be doing anyone in any 0:13:34.320 --> 0:13:38.120 favors by coddling our kids. Uh And as children ourselves, 0:13:38.200 --> 0:13:40.199 we didn't make sure that we're being self sufficient to 0:13:40.320 --> 0:13:43.240 and not being overreliant on our parents. Not only does 0:13:43.280 --> 0:13:45.160 that keep us from our full potential, but it's going 0:13:45.160 --> 0:13:48.280 to decrease uh, their abilities to get ahead and be 0:13:48.320 --> 0:13:51.360 happy as well. Yes, yes, Matt, but this is really 0:13:51.440 --> 0:13:53.360 just kind of the tip of the iceberg when it 0:13:53.400 --> 0:13:56.120 comes to the money lessons that we can lean from 0:13:56.400 --> 0:13:59.560 the hit show, the wonderful show that is Squid Game. 0:13:59.640 --> 0:14:02.319 And we have a lot more thoughts that we want 0:14:02.320 --> 0:14:14.120 to share. We'll get to those right after this break. Alrighty, 0:14:14.120 --> 0:14:16.240 we're back from the break. We're talking about the different 0:14:16.280 --> 0:14:19.480 money lessons that we can learn from Squid Game. And Joel, 0:14:19.520 --> 0:14:20.960 you mentioned that this wasn't a show that you could 0:14:20.960 --> 0:14:23.360 get Emily on board with. Somehow I was able to 0:14:23.440 --> 0:14:26.600 rope Kate in because she was there right when it 0:14:26.840 --> 0:14:29.360 flipped on, and the first scene was them eating and 0:14:29.400 --> 0:14:31.680 there's Korean food and obviously I'm well, I don't know 0:14:31.720 --> 0:14:34.080 if it's obvious, I'm half Korean. Uh. And we eat 0:14:34.120 --> 0:14:36.480 a decent amount of cream food here in our house. Uh. 0:14:36.520 --> 0:14:38.360 And so Kate was like, oh, there's you know, there's Kim. 0:14:38.440 --> 0:14:40.720 She there's rice, and I'm like yeah, and that's what 0:14:40.760 --> 0:14:43.360 hooked her in. Well, that's what that's what allowed her 0:14:43.400 --> 0:14:45.040 to give it a chance. And of course it's not 0:14:45.080 --> 0:14:47.120 her favorite, but we haven't able to watch it together. 0:14:47.440 --> 0:14:49.160 But so so Joel, like, right before the break, we 0:14:49.160 --> 0:14:52.160 were talking about the you know, the unhealthy relationships there 0:14:52.200 --> 0:14:55.200 between a character and his mom. Well, you know, we're 0:14:55.200 --> 0:14:57.120 talking about songs specifically, one of the one of the 0:14:57.120 --> 0:15:00.440 things that song does to cement the fact that things 0:15:00.480 --> 0:15:03.320 are broken between him and his mom, he steals money 0:15:03.360 --> 0:15:05.440 from her, which is, first of all, that's bad enough, 0:15:05.480 --> 0:15:07.280 you know, on its own, but then he uses that 0:15:07.320 --> 0:15:10.640 money to satisfy his gambling fix, just just to show 0:15:10.680 --> 0:15:14.520 exactly how rough that relationship has gotten. When you're stealing 0:15:14.520 --> 0:15:18.280 money from your parents, that there's a lot of damage done. Yes, yeah, 0:15:18.320 --> 0:15:20.440 And so that's gonna be our next money lesson that 0:15:20.480 --> 0:15:23.080 we can learn from squid Game. Uh, and that is 0:15:23.120 --> 0:15:26.560 that gambling, well at least doing so regularly, isn't good. 0:15:26.880 --> 0:15:29.400 We actually talked about this recently because we're seeing a 0:15:29.480 --> 0:15:32.760 huge rise in online sports gambling. It seems fun and 0:15:32.800 --> 0:15:35.400 innocent and maybe drop twenty bucks on your favorite team 0:15:35.480 --> 0:15:37.920 or a specific player or even a play. Can't she 0:15:37.960 --> 0:15:40.000 even bet on specific plays? Now? I think I think 0:15:40.000 --> 0:15:42.800 it has gotten to that point. Um, but the instant 0:15:42.840 --> 0:15:45.440 access to gambling apps on our phones makes it even 0:15:45.440 --> 0:15:48.080 more engaging than ever, and the downsides, we believe, can 0:15:48.120 --> 0:15:51.040 be pretty severe. It's best to stay away altogether, in 0:15:51.080 --> 0:15:53.520 particular if you have a hard time sitting boundaries, and 0:15:53.560 --> 0:15:55.920 it's not something that you struggled with in the past. Yeah, 0:15:56.040 --> 0:15:58.360 Matt and I were not teetotalers by any stretch. I 0:15:58.360 --> 0:16:02.040 mean we especially when it comes to all we but 0:16:02.080 --> 0:16:03.640 we still believe, even though we drink a beer on 0:16:03.640 --> 0:16:07.680 every episode, that you should do it in extreme moderation 0:16:08.040 --> 0:16:11.560 because five beers is a whole lot different than one 0:16:11.680 --> 0:16:14.160 or two beers, right, and it affects you differently. And 0:16:14.200 --> 0:16:16.440 the same thing is true with gambling. Exactly what you 0:16:16.480 --> 0:16:18.960 said about gambling on the leg. That's that's what we're 0:16:19.000 --> 0:16:21.600 specifically taking issue with here. It's the fact that it 0:16:21.640 --> 0:16:24.520 appears that the main character song he doesn't really have 0:16:24.560 --> 0:16:27.760 a job. He depends on gambling to try and help 0:16:27.800 --> 0:16:30.360 support his mom and himself. He's hoping that the next 0:16:30.360 --> 0:16:33.600 big win is gonna come along any seconds, just waiting 0:16:33.600 --> 0:16:35.680 for his big break. Yeah, and it's like, I know 0:16:35.720 --> 0:16:38.240 it's gonna come at some point. I know that the 0:16:38.280 --> 0:16:41.160 second horse in the third race is is gonna actually 0:16:41.160 --> 0:16:44.240 pull through like I thought they would. And it turns 0:16:44.240 --> 0:16:48.560 out that that is usually almost always an illusion. And yeah, 0:16:48.600 --> 0:16:51.040 there's actually reference to a job that he has, but 0:16:51.120 --> 0:16:53.520 you actually never see him in the show working. It's 0:16:53.560 --> 0:16:55.480 not it doesn't seem like it's a part of his character, 0:16:55.680 --> 0:16:58.320 Like he's not you know, like just do like grinding 0:16:58.320 --> 0:17:00.440 it out, working hard for a page. That's just not 0:17:00.480 --> 0:17:01.960 a part of who he is. He's just always looking 0:17:02.040 --> 0:17:04.479 for that that quick fix, the easy big score, and 0:17:04.520 --> 0:17:07.480 so yeah, he's looking for the quick shortcut, and you'd 0:17:07.560 --> 0:17:10.840 rather chance it then instead of putting the effort into 0:17:10.960 --> 0:17:15.040 earn a respectable living wage and showing up the work 0:17:15.040 --> 0:17:17.359 on time. And so yeah, even when the time comes 0:17:17.359 --> 0:17:20.080 for him to buy someone a gift later in an episode, 0:17:20.200 --> 0:17:22.520 instead of going to the store and buying something like 0:17:22.520 --> 0:17:25.680 a normal human being, he ends up risking all of 0:17:25.720 --> 0:17:27.960 the money that he has in chance of winning this 0:17:28.000 --> 0:17:31.119 bigger gift. So it just kind of shows how gambling 0:17:31.160 --> 0:17:34.399 has taken him over as a human being. Really yeah, 0:17:34.440 --> 0:17:36.240 you know. And interestingly, there's a point in that first 0:17:36.280 --> 0:17:39.880 episode two where Song he's playing this game and he's 0:17:39.920 --> 0:17:42.800 basically being trained to want to take on even more 0:17:42.920 --> 0:17:45.359 risk in the future. He gets a small taste of 0:17:45.400 --> 0:17:48.600 a prize so that he's willing to risk even more 0:17:48.880 --> 0:17:51.719 down the road. And even though that pertains most directly 0:17:51.800 --> 0:17:54.159 to our gambling listen, here there seems to be a 0:17:54.240 --> 0:17:56.639 valuable takeaway when it comes to the small ways, the 0:17:56.640 --> 0:17:59.600 different sub subtle ways that are actually not so subtle 0:17:59.600 --> 0:18:01.360 ways that companies are able to kind of get their 0:18:01.359 --> 0:18:04.520 hooks in us so that we become even more beholden 0:18:04.840 --> 0:18:07.560 to either the products or the services that they sell. 0:18:07.880 --> 0:18:09.080 Like it makes it makes me think of like the 0:18:09.080 --> 0:18:12.160 free samples at Costco. Right, Like you're walking along, you 0:18:12.200 --> 0:18:14.480 feel like you're pulling one over on them because you're 0:18:14.520 --> 0:18:16.320 just like, oh, I'm just hopping from station to station 0:18:16.800 --> 0:18:18.800 and they're you know, they're staying there and they're like, oh, 0:18:18.840 --> 0:18:20.600 you like the taste of those coin chips and that sausa. 0:18:20.880 --> 0:18:23.399 There's plenty more where that came from. Before you know 0:18:23.440 --> 0:18:25.000 what you're walking out with like a you know, a 0:18:25.040 --> 0:18:27.680 palette full of chips. I know. Yeah, You're like, little 0:18:27.680 --> 0:18:29.280 do you know I just got a free lunch? And 0:18:29.280 --> 0:18:31.480 they're like no, no, no no, little do you know you 0:18:31.560 --> 0:18:33.879 just bought three bags of chips? Yeah? Little do you know? 0:18:34.040 --> 0:18:36.800 You're never going to end your costco membership? And that 0:18:36.920 --> 0:18:38.720 is how they make the bulk of their money. Yeah, 0:18:38.920 --> 0:18:41.679 it's funny, man, Like this specific instancy you're referring to 0:18:41.800 --> 0:18:44.480 that happens in episode one. It's one of those things 0:18:44.560 --> 0:18:47.720 that it didn't really register in the same way with 0:18:47.760 --> 0:18:49.280 me as it did with you. But when you pointed out, 0:18:49.320 --> 0:18:50.960 I was like, oh, yeah, that's brilliant. He's kind of 0:18:51.200 --> 0:18:53.760