Friday Flight - Idiotic Surveys, Side Hustle Superpowers, & Underutilized HSAs #576

and we want these to be. This is like an empowering All of our episodes are empowering episodes, but specifically, these are the stories they're gonna launch you into the weekend knowing what is up. Elon must buying Twitter doesn't have much relevance to any of our lives, but there's a bunch of stuff that did happen this week that does have an impact on how you're gonna handle your personal finances and what steps you take to improve them.

And that's what we're gonna discuss tonight. Yeah, yeah, we're not gonna be talking about Elon. No, I don't really care. Maybe next time. And you know, he just got poor, but that's fine, Uh, that's true. He can afford it. But Matt, before we get to our our favorite stories this week, carry in our Facebook group. By the way, if you're not part of the how to Money Facebook group, you should totally join. There's almost ten thousand people in there helping each other out, and I'm telling you it's

a good vibe. Everybody is super friendly, inquisitive, and they've got good information to share and Carry shared something this week and I don't know, I feel like maybe we talked about it years ago, but this was at the least put back on my radar. It's the too good to Go app? Have you heard of that one? So I think we talked about maybe a different one maybe, or maybe it was a website, but I have not seen one that was this slick yeah app because this

is cool yeah yeah. So essentially the way it works, this is an app where different restaurants and grocery grocery stores that are out there, they basically allow you to purchase items that they're gonna throw away that's going to go in the trash, uh, and you get to buy those items at a discount. Yeah. Carrie posted her meal, like a picture of her meal and it looked delicious, Like I think this special purple drink. I don't know what it was. It wasn't like a soda, was some

sort of smoothie or something like that. And I was like, man, like delicious and it was like a Mexican, like a delicious Mexican um plate of fair And she said she got everything in that picture grub for for less than five bucks, and I was like, that's that's really good. So this is the kind of thing I looked. I downloaded the app to check and see if we have any restaurants that participate in the Atlanta area. Unfortunately, yeah,

but if you're in a major city. I saw other people replying the two carry's post to hand like, oh yeah, I've used it where I am and saw that in l A Portland, like Chicago. There's a lot of cities where they are. Unfortunately not here in Atlanta yet. But this is solving a massive problem, right, Like one third of all food goes to waste. And if there's anything I hate seeing more than folks wasting their money, it's seeing food go to waste, which is one in the same.

I guess, yeah, they're almost the exact time, wasting food wasting money. But it's a win win situation, right, restaurants and and again grocery stores, they're able to unload this stuff. They make uh somewhat ever profit. I mean obviously maybe some break even if it goes in the trash, they're not making anything. But yeah, oftentimes they're they're they're like these surprise bags, like you don't know what it is

that you're going to get. You just have to show up at the right time, because I'm assuming it's like they list the times like minutes before they close, you show up, you pay something like I mean, I checked out a bunch and there it's like four bucks for this bag of food, like you said, And it's almost kind of I think I see it as a fun way to expose yourself to different ingredients or different meals, like different fair that maybe you would not have chosen

had you had the choice, But because it's sort of this mystery flavor, uh, I see that as fun and adventurous. Yeah. Well, and especially when a grubhub delivered to you your address is gonna cost you twenty two dollars or something like that, and this is gonna cost you four grained You're gonna have to go pick it up. But it's It's like, hey, if you you want to eat out, what you want

to do it for less money? They're charging you like four dollars just in fees, like oh minimum minimum a counting the delivery feed like and then it hip on top that you gotta give. I mean, this is one of those ways to be able to have the ability to eat out a little bit more, but to do it in a way that cost you way less money is actually saving food from going in the carbage. I love it. I'm a huge fan of this ap all right. Yeah, And and by the way, I love I always love

seeing tips posts in the Facebook group. I I look in there and comment in there from time to time. So it's it's fun to see how how the money listeners are saving money. We'll put a link by the way for to our Facebook group in the show notes for this episode. The Happiest place on the Internet. It is one of them, isn't it. It feels like that, Yeah, that's what that's on your slogan. Usually people are massively unkind on the internet, but not in there. All right,

let's let's move on, Matt though. Let's get to the topic in hand. We're talking our Friday flight a sampling of stories we found interesting this week, and let's start off by talking about h s as health savings accounts and uh, kind of boring sometimes a lot of people,

it's it's not it's not super sexy. But there was a great article this week in the Wall Street Journal about h s A s and we've talked about kind of how good hs as can be, how they're one of the most tax advantaged accounts in existence, and I'm glad to see them getting a little more publicity because we've always said that, but there's just not much ink dedicated to how great they are, so most people still don't know. Yeah, big media, they need to talk about

h s A is more. There's only so many episodes that we can dedicate IS before you're gonna unsubscribe exactly. But it truly is something that needs to be talked about more. And and the thing that struck accord with me reading this article this week was seeing stats about how many HSA dollars there are overall, it's grown quite a bit, but how many h s A dollars are not being invested, And that to me was the biggest travesty.

So I was glad to see, there's now more than a hundred and five billion dollars tucked away inside of hs as, these brilliant tax advantaged accounts, but but only thirty four billion of those dollars is being invested. The rest is sitting on sidelines. It's sort of cash equivalent. So people are stocking money away in there, but then they're not utilizing the resources that they have to its fullest potential. That's that's not good. And I think part of it is because, like you and I have said,

hs as have a branding problem. They're called health savings accounts, and so people assume that any money they stick in there should be used two save for current your health care expenses. But we would say, no, that's actually wrong. And I wish we could just rename the account overall to help people understand this. But the account works best is a long term investment account. And so if you want the full scoop on how great h s A

s are and can be. By the way, it's we're getting to this point open enrollment and more and more people have access to an h s A. This is the time to be thinking about it. Check out our episode episode one of five, where we kind of dug deep, and we we gave the full scoop on hs A s. But yeah, let's say you already have one, but you're only saving money inside of it. You're not investing that money. We want to tell you to go look again and

start investing those dollars instead of just saving them. And then if you don't have an hs A, it's a great time to to think about signing up for one. That's right. I think in episodes past, anytime we've talked about the hs A, we've likened it to like a tesla that you're just using to run the kids up to the neighborhood pool. It's like you're not taking advantage of the full potential of this actual vehicle. Instead of a hs A, it should be an h I, a

health investing account. You should be drag racing that tesla, clearly, but that thing in ludacrous mode. But yeah, the truth is hs as can be an incredibly powerful tool in helping you to build wealth for the future. And they are literally the only account we know of that won't be taxed in any way, any form or fashion if used correctly. But luckily, stats show that over half of workers who receive healthcare from their employers are in a

high deductible health plan. And this is actually good news because like on the downside, it means that you've you know, you've got to be better at self ensuring for healthcare costs that come up. A lot of times folks aren't used to doing that. But what that means the bright side is that this gives you access to an h s A, which can be again just this incredibly powerful tool, not for your healthcare costs now, but for actual retirement. And by the way morning started, they just ranked their

top hs A providers Fidelity and Lively. There are a couple of our favorites. We're happy to see that they are still at the top of the list. They are treating folks the best, which which often means that they are charging you the least and providing you with the best options when it comes to actually investing that money. And so if you are looking to open an hs A because you do have a high deductible healthcare plan,

be sure to check out Fidelity or Lively. That's right, all right, let's let's give maybe a couple of money saving shopping updates. Matt. We talked for a second about shopping last week, and and Goodwill is getting with the times, is now selling stuff online. I thought that was that was kind of cool to see. They technically already had a site that we've talked about before that you have shopped that what shop Goodwill dot com I think is what it was called, right, yep. Yeah, it used to

be really like just a really terrible site. They have up updated it over the years and it's actually not terrible these days, but it's still a little bit backwards. It still feels kind of dated when you go in there and you're trying to that was more auction style, kind of like he Bay Is that correct? Exactly exactly? Okay, well, well now you have a chance at getting a better

deal without having to go through the auction hoops. There's an like an actual online store the Goodwill has set up where there's where their prices as opposed to go ahead, put them off for it, on it, we'll see what happened. Yeah, So this one is called good Will Finds dot com and it's it's kind of an attempt to mimic sites like thread up in posh Mark where they're appealing to folks who want nicer name brand goods, but they don't mind buying amused so they can get a discount of price.

And yeah, have the fun to me of Goodwill is perusing the racks in person. But I don't know, I can I could see myself getting into shopping for used goods on this good Will site. To what do you think that you're gonna You're gonna check it out? Definitely they will add it to the list if I'm looking for something, because there there's some items that it just doesn't matter if their their second hand um, and so yeah, make sure that you add not only business there nasty uh.

Goodwill finds dot com and shop Goodwill are both great sites to check out. So on another related note, are e I uh, they have announced that they're no longer going to participate in Black Friday. Like ever, like, we're glad to see that the Black Friday area it seems to be mostly over, you know, like where folks are waking up at the butt crack of dawn the day after Thanksgiving or actually even leaving dinner with a family

early to go by massively discount of goods. I remember one of my aunts and my grandma doing that one year, after Thanksgiving dinner was over, they're like, all right, we're gonna head out to go to the Black Friday shopping. It's been back in the nineties TV now and so, as we discussed a little bit last week, the sale

and the deal window, it's being extended. It's it's starting earlier, which is going to make it easier for folks to save money on holiday gifts and to just spread out their purchase is over time instead of just making this one crazy mad dash on a specific weekend. Um. But we wanted to share this because this is just another reason to love ari E. I like they were doing this. This isn't because they're realizing that, oh you know, if not not many folks are really showing up at these

sales anymore. That they started doing this back in and this year just announced that it's going to be a permanent change. They were doing it before it was cool. But again their hashtag opt outside movement exactly, which is just awesome. They're thinking, where should our employees be Friday

after Thanksgiving? Should there be indoors dealing with the throngs of people who are trying to get a sale, or maybe yeah, they should be outside the day after thanks give me what a great time to get out and move your body around them after you've eaten all that food. But again, keep in mind that you know, deals on stuff that you're already planning to buy are great, but deals and stuff that you haven't even budgeted for are bad.

We want you to shop judiciously. Keep that in mind before you hit purchase on any item, whether you're doing it at ari I or at shop Goodwill or good Will find dot Com. Into that time of year where everybody wants a piece of your of your money they spending, They want you to use your credit card, and they want you to swipe it because this is the time of year where retailers make their money. And just because it's on sale doesn't mean that we should be buying it.

And one of the reasons, Matt, that you need to be a smart shopper right now is because debt seems to be on the comeback trail. Savings rates for Americans are down. They spiked there for a bit kind of during the pandemic during the early days, but now they're right back down to around five percent, which is low, Like five percent of your income is it's not enough and long term credit card debt has always been a real problem, but it seems to be getting worse too.

According to credit cards dot Com, some six of credit card debt ors owe money to the main player's Visa master Card, American Express, and they have owed money to the credit card companies for at least a year, often because they're putting emergency expenses on a credit card without any way to pay it off. And you and I we talked about credit cards lot. We had Brian Kelly, the points guy, on recently to talk about getting getting points for signing up for cards and when you're paying

for them using points wisely. But what Brian said is exactly what we've always said about credit cards too. You're losing the game if you're not paying your bill on time and in full every single month. We are fans of using credit cards wisely, but surveys like this make us want to like extend that word of caution again.

I feel like every time we talked about credit cards, we have to tell the whole truth that the sign up bonuses and the rewards can be great if you are a disciplined user of credit cards, because the rewards pale in comparison to the interest you're gonna be paying, especially as like we talked about recently, credit card interest rates continue to climb. That is one of the side effects. So talked about this on Wednesday fed fed right high. So we talked about on Wednesday exactly. And so this

is the time of year. I think it gets people in trouble when it comes to debt, when it comes to credit card usage and getting in over their heads. And I think we're going to see people, especially with inflation taking up, it's going to be even more fraud this year. So you gotta pay even more close attention until you're spending right now is definitely we're gonna take a quick break, but after that we're going to talk about maybe some different ways that you can earn more.

This is possibly the pay transparency or even through some side hustles. We'll get to that plus several other stories right after this Friday continues. It'll never die until we die, um, but yeah, for for it's the Frankenstein of how the money. It's something like that, like it continues, yeah or no. It's like a zombie but you can never kill it kind of gets like a Frankenstein though it's like pieced together. It's it's like this hodgepodge of bits and you know,

you can you feel it. A bunch of different stories were totally getting into the Halloween spirit spooky season. Have you decorated your house yet? Have you? Yeah? I mean we haven't done like a ton, but we're totally behind.

Maybe we're okay. Now we're talking about we want to look up when one of those stores, the Spirit Halloween stores or whatever, just to take the kids there, um for them to see all this stuff, because I've got all that stuff and I just remember going into those stores as a kid myself and it was just a ton of fun. Yeah, it's just impressive to to walk around, even if you don't buy anything, and it's a good field trip. But let's get to our ludicrous headline of

the week. This one comes from Axios and it was it was covered widely though, and this one read Kim Kardashian to pay one point to six million in crypto charges settlement. Basically our good friend front of the show, Kim Kardashian, I I lie, she's not we're not. We don't know her at all. But she got paid two dred and fifty thousand dollars for one Instagram post about a crypto coin, and Matt I believe we talked about

it at the time. We discussed how crappy it was that she was shilling for one of these coins to line her own pockets when a lot of her followers we're gonna lose money, and that's um. I have a hard time imagining how someone with her level of wealth feels compelled to sell out her followers like that. A lot of her followers got burned if they took her advice.

And not only does it turn out was it just crappy advice, but according to the FTC, it was also illegal and so now she's agreed to pay a fine. And so I don't know. I would say we're glad to see some accountability, Yes, but even when celebrity endorsements don't cross the line of legality, like Matt Damon or Larry David's Super Bowl commercials for crypto, they're still leading everyday consumers to take risk ear beats right, often causing

them to lose big bucks. So I'm glad to see some sort of justice done for pretty crummy pitch that should have never happened, but krypto is still a space where people really have to have to continue to look out for themselves because hype filled pitches or are still kind of the norm. Yeah, well, and you said that justice has been doled out. That's I mean, I think that's probably a stretch as well, because for her, I mean, you see, what's the fine, like one point something million dollars,

Like that is a lot of money. She basically had to pay back all the money she made plus more penalty. Right. Well, that I mean that doesn't include how much she made on her hyping that coin, right, and so how much did she buy before she you know, had that ad or had that post's ing her account that money that amount of capital gains, I don't think we know. But for somebody like her, who has got like a like a net worth of a couple of billion dollars, this

is just like this is like a speeding ticket for her. Well, she did have to agree to not I think hill for any crypto she's like, yeah, no problem for like three years and she's like, yeah, it's crypto dead. I don't know, but she's probably thinking it doesn't really matter to me anyway. But but Yeah, it seemed like it was more of a warning for other celebrities out there who are looking to potentially, you know, pimp a coin, because although it may not affect her bottom line all

that much, that would affect somebody else's. And the Financial Times they recently documented what they called the lawless world of crypto, which is basically kind of what we're seeing um a company called chain Analysis that tracks the crypto space. They claims that more than two point two billion dollars has been stolen from folks within the crypto space via hacking and this year alone, like not since the inception

of cryptocurrencies, but just this year. Uh. And the truth is, you know, you not only have to watch out for celebrity pitches, but also some of these other nefarious players who are also after your money. Like so many folks have been scanned by just these spoof accounts and these fake apps that might show impressive earnings, but in reality,

your money it's long gone. And when you actually try to cash that cash that account out because you want to buy something tangible in the real world, that money, those funds they never actually arrive. Uh. And you know, we're certainly not experts in this. But not only should you be very careful of which coins you have to purchase and how much you're looking to invest or speculate within the space, but it's also really important to be

incredibly suspicious. In particular if anyone who befriends you online and says they're gonna help you out, Uh, you need to keep a close eye on security. Again, it's still the wild West in a lot of ways, and we do not want you losing any of your money for sure. All right, let's move on to the stupid survey's portion of today's episode, and I feel like we get we get some of our information. Are some of our stories from surveys, which the credit cards Colm dot com thing

earlier was a survey they performed. Yeah, and but but that one was a little more legit. But let's talk about some stupid ones, because yeah, like, despite the proliferation of crypto scams, I would say we're living in the best time of year to be a sports fan. The MLS playoffs matter about to kickoff, sadly without our Atlantic United, But so were the MLB playoffs are they? I believe they start tonight. In fact, not the Braves because they get a buy they get to buy the paper is

a little bit, and hopefully we're gonna repeat his World Series. Chance, that's the goal. College football, pro football there in the swing of things. The NBA is in preseason, about to launch sooner as well. So no matter which sport you'd like, you can find something good to watch almost every night and or weekend if you want. But I don't watch nearly as much sports as I used to. I'll probably watch the Braves in the playoffs, but for the most part,

I don't really watch sports these days. But I saw a lending Tree survey the other day and it's said that here's the survey portion. Here's the survey portion. It said that a third of Americans are willing to go into debt for their favorite team. And so whether that's buying a new jersey that maybe you don't have the money for or expensive, whether it's going to see a live game, which is also expensive. It's only gotten more expensive to go feed the family, like at a baseball

game or something like that. In addition to the tickets, the hot dogs and the sodas and all that stuff, they add up in a big way. We get the desire to spend money in support of your club, but we would say budget for those expenses, do not put them on your credit card without being able to pay them off. Sports can be fun, and live sporting events can be a heck of a time, but yeah, it's it's certainly not fun when you're paying it off for months to come. You just need to make sure that

you're doing it responsibly. And I would say, I think there might be some folks who hear you say to budget for it, and they're gonna they're gonna balk at

that you like that. That was another But what I would say is that, yes, you may not have known that the Braids are going to make it to the playoffs again, but if you know you enjoy going to see a game or going to see a match, this is something that you can be chipping, like socking some money from your entertainment budget just over the course of

the year, kind of like your World Cup exactly. Like we heard about this a couple of years ago, and I'm like, I don't know what specific game we're gonna go into, but I know that when the time comes a the tickets are going to be expensive and be no matter what I'm still probably gonna want to go

see something. And so even though I don't know the exact dollar amount, it's something that you can begin to earmark, at least generally speaking, when you know that there's sort of like this sector of entertainment that you want to to be able to participate and start earmarking these funds. Now, all right, Joel, So we've got another stupid survey to share with folks. We should make this a regular Currens.

I think this one comes from lending Tree as well, which makes me think, like it seems like lending lending Tree, they don't have anything else to do other than just ask thousands of people all day, all day long. Maybe we should stop doing this. Maybe we are feeding the beast. But in this case, we're gonna talk about it, maybe at least this one last time. Uh So the survey it says that it turns out that one in five folks say that they are dating last because of the

higher costs of going out due to inflation. Other folks are downgrading their dating apps, so like basically they're settling for the free version, going with the freemium model. I'm not very familiar with these, I'm not sure, how big

of an impact that has on your experience? Like, do does that mean you get paired with somebody who you're not actually matching with if they're just like, well, if you want the guys that you're really into, or if you if you want the girls who actually share common interest, you gotta pay up. You're not You're just in tier two. You haven't made it a tier line. You don't even know the quality of dates or potential partners that you

might be exposed to. But all that being said, we would say that it's not that you need to to date less. We just think that you need to date smarter because dates don't have to cost a lot of money. You can still go out on dates, but maybe you aren't spending like a hundred bucks every single date. This

might sound trite, but it's the thought that counts. And so, whether you're going out on a first date or if you're just taking your significant or your partner out who you've been with for decades, we want you to think outside the box to create a fun, a memorable, enjoyable date that's not going to break the bank. And so if you like, maybe you do really like to go out to restaurants. Maybe that means just going out to breakfast instead of dinner. Uh, this time of year, the

weather is fantastic, Joel, our families. We went hiking last weekend. That's a completely free activity. We we ended the night sitting around a fire having an awesome conversation. Literally cost us nothing. But these are activities that aren't specific to just what something you do with your family. This is stuff that you can do on a date as well. You bring a picnic to go along with the hike,

Like the spread that you put out there. I mean you have to go all out and got all the and get and get the stuff for that picnic tossed in your backpack. That looks pretty thoughtful without spending much money. So I think you're right. I think you don't have to forsake dating just because costs have gone up. Even even something like apple apple picking or wimple picking is expensive,

Like is it really? It's like the most expensive way to get a bushel of apples because you have to fail, like you have to pay entry and then you can like you have to like buy those bags and it's just like, oh man, we just dropped how much it's the memories though, it's like the whole day experience. But yeah, if you're the put it back on yeah Apple thinking, don't do it. Then if you're looking to the same money in this I didn't realize. I guess I've been

apple picking up well. Well, even like fest like fall festivals, if you want to get into that sort of fall fall spirit, Like every single weekend there is some activity either in the town where you live or it's you know, somewhere near my Like I'm not talking about music festivals or like like beer festivals, but like free festivals just where you get to hang out, see some really cool art, or hear some music for free. I think that's can also be a really affordable way to enjoy a date

with somebody. Yeah, most definitely. And Matt, I'd love to hear from our listeners to to know, like what their favorite cheaper free data. It's been a minute since we have been dating. I don't want to say that we like don't date our wives. Like every single week, either you and Emily or either Kate and I go out on a date. So like, we definitely take our wives out to dates, but we're also limited and when it is that we can do that. So oftentimes we are

actually going out to restaurants. We're going with the dinner typically, But yeah, my wife and I were heading out this weekend and we're going to go on a bunch of hikes, which I'm excited about. My parents are gonna watch the kids. It's gonna be it's gonna be lovely. So yeah, we're gonna spend a lot of free time out in nature. But I'm curious to hear you what other people do. But let's move on and let's talk about pay transparency, because it's becoming more common in job listings these days.

And it's actually it's now a requirement in the state of California, which means that we're likely to see pay ranges posted, pay ranges becoming even more common in online work postings in the coming months and years. And we've talked about this before when it became state law in Colorado and Nevada, Washington, they've implemented similar laws. Interestingly enough, pay transparency in job listings. It's it's been on the

rise for years anyway. And I would say the best part of less elusive pay information is is really that job seekers are going to be applying to fewer jobs where they might receive a low ball offer right interviewing.

It can be time consuming and it's no fun to jump through a bunch of hoops for a job that you think you're gonna like, when then only to find out that I guess what the pay is going to be, I don't know, fifteen thousand dollars less than what you thought, or then what other similar companies are paying for comparable positions. That's just annoying. So I mean, other than that, though, it turns out, we have very little data about how

much increased pay transparency is going to impact higher wages overall. Hopefully, hopefully it will, but I think it's it's probably gonna be helpful for job applicants. But at the same time, you've still got to advocate for yourself. You've still gotta negotiate effectively, even when there's a range of pay offered, So much comes down to you and how you negotiate

to get paid more. That's right, man. And so speaking of pay, I think a lot of people wouldn't mind if they made more money, and lots of individuals who are looking to increase their income, they're they're opting to launch a side hustle in order to do just that. We've covered the pros and the cons before of the gig economy of side hustles, but new evidence has come to light that side hustles essentially be the superpower. A new white paper from the professors at the University of

Oregon in Arizona and Nebraska. They found that side hustles, while they're becoming more common, they aren't actually detracting from the work that is getting done at your full time job, which is something that employers have have feared. On the contrary, they are empowering, is is basically what they're arguing, and the research, the best line from the actual study states that psychological empowerment from side hustles enriches full time work performance,

which is really really interesting. We're gonna have more to say about side hustles in our upcoming newsletter on Tuesday. That's the plan. But side hustles, depending on the route that you can take, not only can they be energizing in the moment, but they can also potentially lead you

down the road of working full time for yourself. The only criticism I would have of that study is that it was only over the course of ten days, which makes me think we've all been up against the deadline or worked on a project where we're basically working at a level that we know not that we can't necessarily sustain. And so while those results are encouraging, I think a better question for us to ask is, is that what I want to pursue right now in my life? Right?

Because we like we talk all the time about trying to strike that balance. And yes, by pursuing this high side hustle, it makes you more productive at work, But what about all the other areas in your life that

might be suffering slightly? Right? And so, like I was talking about working for like a short period of time when you know that you've got like a deadline or something, oftentimes there are other areas in our life that suffered because of that, right, Like maybe you're not eating like you should be, or maybe you're not exercising like you should you should be, Uh, like you're maybe your sleep suffers, you take an hour or two off your normal sleep exactly,

you're getting sick more often, or you're not you're not hanging out with your friends, the meaningful relationships in your life. And so I think what's important to keep in mind are some of those other aspects, of those other sectors of our lives. They can often get pushed off to the sides. And again we talk about this on the show as a good thing because a lot of times folks are looking to make more money. They're trying to get ahead with the money and the financial goals in

their life. But we also want folks out there to kind of strike that balance. We want you to achieve whatever goals we want you to that that you're that you're chasing after. We want you to achieve financial freedom, but don't forget to live life along the way. Don't forget all the other aspects of life that that make

life worth living. Right, it's not just about work. I will say, I think it makes sense too that some of the folks in this survey that maybe the if they're if you're go getter enough to start your own side hustle, if you're excited about launching your own thing, about maybe becoming an entrepreneur, then it makes sense to me that you are enthusiastic about your day job too. Maybe you're you're just but you might be going too hard. You might be that's the reality. I think that's what

you're pointing to, and I think that's true. I think it's I think it can be a good thing. What we've talked about is you don't want to You're gonna have to trade time for money at least for a period of time as you're launching something new, but you don't want that to be in perpetuity. At some point, at some point you want to be ramping this up, typically so that it can become like your your full time thing, so that you're not burning the candle at

both ends for years on end exactly. Yeah, It's it's almost like this feedback loop, right, Like you start getting good at your side hustle and you just realize that, man, you are you're just really good at working. I'm really good at making money, and are you really good at the other areas of life that at the end of your life you're gonna look back on and say, do do I have any regrets? Like? What could I have

done differently? Those are the kind of things we want you thinking about now, not forty years down the line, the stuff that makes you balanced exactly for sure. All right, well, let's let's wrap it up on that note. Matt. That's gonna do it for for this episode. We will have the show notes for this episode up on our website at how to money dot com. And remember, we will have more in our upcoming newsletter about side hustles. We've got some, I think, some additional thoughts that we want

to share with you guys on Tuesday. You can sign up for that at how the money dot com slash newsletter. It's free, you'll get it every Tuesday morning in your inbox, and hopefully it's informative and encouraging. That's the goal, you know what. All right, man, that's gonna be it for this episode. Until next time, Best Friends Out, Best Friends Out. M