Friday Flight - Peak Inflation, Saving Money Sucks, & Insurance Scams #378

gonna get to those. We're also going to announce our winners of our book giveaway, the rate our bookshelf book giveaway that we do every now and then. We'll get to that at the end of this episode. But first, man, you wanted to talk about Bobby Bonilla Days. Yeah, that's it, that's it. You are much more of a fan of baseball than I am. Well, growing up, I mean, I've watched Bob Bonia like my Atlanta Braids a whole lot. Yeah, he was, he's he's a good ball player and he

played for the mess for quite a long time. But Bobby Bonia Day is special in the personal finance community because he uh the perfect intersection of personal fighting yeah. So basically Bobby Bonia signed this contract where the Mets were like, hey, you know, we owe you six million dollars, but what if ten years from now we start paying you one point two million dollars a year for the next twenty five years. And Bobby Bonia was like, I'll

take that guaranteed money. That that sounds good. That's that's actually a whole lot more money than than So I think it what works out to almost thirty million dollars something like that they have to pay him over twenty five years, So that's that's a whole lot more than six. Um and so people think that Bobby Bonia is just like shrewd negotiator and or he and his agent really right, like both those guys they're like, yeah, let's do this, um and and so it's just kind of one of

those fascinating things. Um it. I think deferred gratification. I love seeing it, Like it's a perfect example of deferred gratification where it's like I could take the lump sum now, or I could take you know, a smaller amount but for a really long period of time instead. Um but Matt, you actually kind of ran the numbers and you you said, I would have actually done the opposite of what Bobby did, right.

But yeah, we saw some other stories going around and they were talking about how this actually made sense for everybody because essentially they were paying him about in an eight percent rate of return on his money. Right, But that actually I guess what they didn't do. They didn't take into account the fact that there was a ten year delay before he was going to start receiving those payments.

And so that would have made sense if he were to start receiving those payments that first imperially, right, but if he had to win a decade, Really you're not

looking at a twenty five year period. You're looking at a thirty five year period, right, And so if he would have taken that lump sum, say six million, and it immediately stuck that in the market as opposed to sitting on it, you know, like if he got that six million, would have just like taken it and you know, put it in the bank and done nothing with it

for two years and then started investing. I mean, I mean, if you're looking at it just from an analytical standpoint, Okay, you start from day one, and so when you calculate, you know, an average return of what he would have received from that money from that lump sum invested over thirty five years. It turns out that he would have done much better. He would have basically had twice the

money had he invested them. That's basic percent return, but in actuality the returns have been higher in that time span. Something Okay, So I also crushed the numbers, and over the past twenty five years, the SMP has returned over twelve percent. I mean, you look at the past five years, it's been over and granted at the time, you don't know what the market is gonna do, right, because I know for you that was one of your things is that, well, you don't exactly know what the market is going to

give you. Guaranteed eight percent return that is impossible to find anywhere, really, right If someone says, uh, did they have a guaranteed eight percent return to give you, then um, you're you're probably being led down a path. And actually, interestingly enough, the owner of the Mets was had his money invested with Bernie Madoff who was promising him guaranteed double digit returns every year, and said, I think that's why they felt like they could give Bobby Bonia this,

you know, long term pay out. They're like, well, we're going to make more than that every single year because we got our money with made off and it turned out obviously that that was a scam wasn't real. So if someone promises you that it's it's probably not true. Right. There's there's bumps in the road when it comes to investing, but it's always an interesting day. I love seeing these stories.

But yeah, I love that you ran the numbers two and it's like, actually, if Bobby Bonia had taken you know, the five point nine million dollars or whatever it was, he would have come out way ahead if he had invested. But the other thing to take into account, and this is what everyone out there has to take into account when they have run into some sort of lump sum or long term payout conundrum, is like, what am I actually going to do? Right? Because your behavior comes into

play in a big way here. Uh. And you know, if you take that five point nine million and you spend you know, half of it and then you try to invest the rest, you're not going to come out ahead. You can take an easy one mill off the top and be like, all right, I'm gonna be smart with the rest of the five maybe, and then all of a sudden, well that changes the equation a whole lot. But sometimes, you know, forcing yourself to not have access to the money is actually the best way and best

thing for you, just from a behavioral standpoint. And of course, Bobby been a day was yesterday, July one, So that's why we're talking about it right at top of mine. Yeah, all right, Well, let's get to the rest of our Friday Flights stories this week, Matt, the sampling of stories we find interesting that affects people's personal finances. Um. And you know, one of the biggest stories from this week

was record high temperatures out west, right we had. I've seen people frying eggs on the sidewalk in Portland, Organ, that's how hot it got. Um. So yeah, and I hate it for folks out there. Um it hit a hundred and fifteen degrees in Portland on Monday. Might have even been like one seventeen. I don't know. I think the forecast was set for one seventeen, but maybe it actually hit. I mean, I'm sure it just depends on

where you place your third Mamma. It's always like ten degrees hotter in the car, right right, Yeah, well, and and that's actually four degrees higher than it's ever been in Atlanta, which is crazy, like you know, and like we don't call it Hotlanta, no, but some people do, yeah, not us. And to make things worse, Matt, so many people who live in the Pacific Northwest don't have air conditioning units in their palms. So yeah, that that obviously

makes it more difficult to handle those hot temperatures. But yeah, how does that apply to your personal finances? Right? Well, it turns out that of your utility bills come from cooling your home. When temperatures are that hot, A much higher percentage of your electricity bill will come from cooling your home. But but yeah, Consumer Reports had an article about how to lower your utility bills. And we've talked about some of these things before, but it's worth mentioning again.

Like turning your thermostat up is kind of a no dust suggestion, right, Like just keeping it generally warmer in the house, But don't forget to do that, right, don't forget to actually change the temperature and bump it up. And it might make sense to install a smarter thermostat that will automatically raise the temperature when you aren't there, like a nest thermostat. Yeah, we've got a couple of those.

Love this thing well. And the goal thing to Matt is is that a lot of utility companies will subsidize the cost of that nest thermostat. So like I know, for instance, Georgia Power they'll give you one for fifty dollars UM. So it's just way cheaper than what you're gonna pay at you know, Amazon or Target or something like that. So yeah, it will include a link to where you can check out the Nest thermostat, but make sure to check out your local power company um and

to see if they're giving it to you. Some someone give it to for free, because yeah, you're gonna be using less electricity then, which is helping the grid out overall. That's right. And don't forget to use ceiling fans as well.

This is kind of another no brainer, but they can make it feel a whole lot cooler than it actually is, as much as four degrees color in fact, I mean, we've got a thermometer set up in west East room just to you know, make sure you don't want it to get to an unsafe temperature, especially here in the summer. But anytime we have the fan on, like in my mind,

I calculate five degrees cooler. I'm like, Okay, it says it's seventy four, you know in his room, but in reality, with the fan on, I know that means it's actually sixty nine. Yeah. And also according to the Department of Energy, with the clever use of blinds, curtains, and awnings, you can actually reduce the solar heat game from windows by up to seventy we'll link to that, but you know, definitely check that out so you can stay cool the

summer without those massive electric bills. We actually have a neighbor and they've got one of these shades on the outside of their house. Uh it's it's on their porch and so it's easily accessible. But what it does it keeps that afternoon sun from blasting through their front windows, heating up the inside of the house. That that sun hits that shade on the outside, it circulates around their house,

that he never even enters their home. I love that, and I think a lot of people, Yeah, I think a lot of people are like, I just need some new windows that are like triple paint or quintuple paint, which one like argon gas something like you know, like some special gas that keeps it better. How don't people don't know, but they're just like, oh, gasses, Yeah, that's what it needs in there. And and you know, it's

nice windows. I'm sure it helps a little bit. It's it helps them, and they often are more functional than some of the older windows, but they're really expensive to put in and there are a lot a lot of more cheaper solutions that you could employ. Yeah, like blackout curtains, like a ceiling fan that's way cheaper than like replacing your windows. Right, absolutely, So yeah, you don't necessarily need to go Defcon five when it comes to uh, you know,

cutting down on those energy costs. But it isn't definitely one like you start at five and then you work your way down that I don't know, I think. So okay, all right, since we've had a Cold War, Yeah, well yeah, And it's interesting to Matt because it's important to you know, make those decisions and to take action to to lower your personal utility bills. But what about letting someone else

make that thermostatic decision? For you right, and I'm not just talking about like your significant other or like battle, yeah exactly, Like yeah, which happens in most households, but utility companies are actually adjusting thermostats automatically in certain locations, right, specifically in order to keep the power grid from completely

buckling in times of high demand. So yeah, some consumers can opt into the program and then you get entered into a sweepstakes where your power bill is like paid for for the year. But so there's like this extra incentive. It's not that like the power company just wants control over your thermostat. I mean they do um, and it's

in very rare circumstances. Yeah yeah, yeah, like but they can text u I think maybe twice a year, does the utility company, you know, crank your thermostat up maybe like five degrees Yeah yeah, but that is going to be probably the hottest days of the year when they do that. So it's gonna be the days that you want air conditioning the most, and you're gonna have to kind of suffer through that. So yeah, what's your take?

Is it frugal or chief to try to like maybe potentially a little money totally frugal yeah, I mean, okay, at least with the program that they were talking about in Texas and will link to the article. But you can change it back. It's just a matter of being opted into the program. Right. But then, yeah, you lose out on your potential to the sweepsticks, right. Yeah. And so for folks who are at home, you know, why why not sign up? You can make the adjustment if

you can't handle the heat. But if you happen to maybe you're not even home while that's happening, well that's a perfect opportunity for you to take advantage of some savings not only in your utilities, but also too with this program. To be entered into having your power paid for for an entire year. I would totally do it. That'd be pretty sweet. I also am willing to enter

the pain. Uh you know, and it's but I think if there was like a firm payback as opposed to a potential payback, I'd like be into it even again, kind of going back to the body VideA story, like if you can, if you can crunch the numbers and know that like, okay, can I handle that? Yes or no?

Make that decision and kind of go from there. But it's like if you enter into it and the next five Julys you get a zero out power bill, I'd be like sure, I'm yeah, absolutely, all right, let's keep going, Matt. Let's talk about inflation for a second, because that's still top of mind now for a lot of folks. And I guess you know, I'm kind of asking the question

right now, have we reached peak inflation? It's obviously a hard thing to call in the moment, right what we'll know three years from now, like like, well, what ended up happening there? Even six months a year from now. But yeah, car prices, gas prices, they're still high. Bacon apparently to cost a lot more right now. But at least it's good to see that the law of supply

and demand really is still working. Right. Lumber costs are one of the things that we can point to as evidence that we might be getting through some of the worst pain points when it comes to rising prices. They have fallen precipitously by over fifty from their high um and you know that's also because their high was outrageous. Really, yuh,

would was starting to cost a whole lot. But yeah, it's a it's a good sign that as prices rose, suppliers kicked into overdrive to take advantage of increased profits that they were seeing. Some companies were adding more shifts, and some companies even brought defunct sawmills back to life. They put like millions of dollars worth of investments into some of these mills to bring them back. Um. And

so yeah, would started flowing freely again in in the economy. Um. And that's led to what we're seeing now with a strong price correction. Um. And I think, you know, as some of these supply chain issues dry up, I think some people have talked about long term inflation and they've been worried about that. You know, in our inflation episode, we were like, it remains to be seen, but I

don't know. Seeing like what's happening would right now as some of these you know, chip factories come back online and begin to produce, I do think it's gonna be a semi transitory event. Um. I don't know what that that. Yeah, Like we said, well we'll see, Yeah, time will tell, but yeah, seeing specifically the lumber industry respond like that, I mean, that's the a sign of a healthy market, right, The ability for them to make changes like that and

to meet that demand. I love seeing that. And we are still seeing the effects on the car market right A substantial rise in used car prices has led to almost one third of the inflation that we've been seeing lately. Uh yeah, And so since you know those all important ships like you mentioned are still in low supply, it turns out that your car might actually be worth more uh than when you bought it. According to Black Book, use cars right now are worth thirty more than they

were one year ago. Normally, you lose an insane amount of money just by driving your new car off the dealership lot. But you know, kind of a strange twist of fate, dozens of gently used models are now selling for more than their original sticker price, which is totally insane. Should I start investing in used cars? That's that what you're saying. I think you might be investing at the peak. That's that's the problem with timbing of the market. Uh So,

here's a random takeaway. If if you're an a lease, it's almost lock that you should buy the car at the price that you've agreed to in your contract, even if you don't want to keep it, because then you can turn back around and sell it. Obviously, do your homework first, you need to know what that car is

likely to sell for. But a listener actually emailed US listener Becky uh saying that she did this very thing, and she actually made about five thousand dollars on the spread, she basically said, for a year at lease famous right there by by just buying it and then selling it right after she was done with it. Absolutely, and that's not something you can count on because typically, I mean, we have never seen use cars ever be worth more

than they were in the past. This is highly abnormal type, yes, but if that's the situation that you're in, realize that this is an instance where you can take some lemons and make some lemonade out of it. But Matt, we talked about inflation overall, but inflation is also highly personal. It kind of depends on where you're spending your money, right because, yeah, if you're buying a car right now, inflation is awful for you. If you're buying a house

right now, inflation is awful for you. If you're renovating or or stuff like that, Like, inflation is has not been kind to you. But you're feeling it exactly. Yeah, you're feeling it viscerally because those prices have gone it

more than others. So if you're curious not just about the overall rate of inflation, but you want to know maybe your own personal rate of inflation, well it turns out there's a calculator for that, and CNN actually created this tool to help you determine your own personal rate of inflation based on your specific spending patterns. It's kind of interesting because you might find that rising prices have either higher or a lower impact on you in particular

based on how you spend um. So it's kind of yeah, fun little ex ties to be like, I spend this much at the grocery store, I spend this with a little here and there, and then yeah, let it spit out what your actual inflation number is. Yeah, nice little calculator for all the all the nerds out there. Most people are probably like, I'm fine, yeah, but Jill, one thing that isn't rising are the rates that are being paid on the money that you're saving. It certainly feels

like saving money sucks right now. Yeah. Yeah, one year CD rates are at record lows, averaging at point one seven. Yeah, even our our favorite online banks are paying right around point five percent to lock your money up in a CD for a year. Yeah, it is not a good time to be a saver. But cash we want we want to mention this because cash still holds an important place in your life, even if you're seeing those cash

reserves grow at a snail's pace. Uh, even if you're actually in reality losing money because it's not keeping up with inflation. Even still, it's important to have your emergency fund accessible and liquid. Uh. And so yeah, fingers crossed that in the coming years, saving money won't feel like

such a crushing blow. Hopefully in the future it won't feel like like you're on this raft that's slowly leaking air and you're just like sinking down into the into the pool, because that's basically what's happening right now with the banks paying such a pitoly amount on those savings accounts and c d s. Yeah, I mean, I think that's why we've had so many questions where listeners are like, can I please invest my money instead of keeping it locked in a savings account that's not really doing much

for me at all right now. But yeah, like you said, the thing is you have to have some liquid cash available because you can't predict the future and you can't lock it away. Even if you're hoping for higher returns. It's always important to have that emergency cash on hand in case you need it. But Matt, let's get to some more stories, including anybody who's taking out student loans. They're gonna pay higher interest rates next year. We'll get to that and more right after this. All right, we're

back angel. It is now time to get to our ludicrous headline of the week. Okay, I like it, You like my Okay, So I did that because we've been reading reading Harry Potter. You have been reading it to your girls as well, and we are also reading Harry Potter, and uh we both do the voices. Was that your snap? That was No? That was my Harry Potter voice. Oh d we gotta work on that. I feel like it's

pretty good. Maybe folks will disagree, but okay. Our ludicrous headline this week is Peloton disabled, a free running feature on its treadmills, forcing owners to pay up. Dude. This one comes from CNBC and basically, if you own one

of these super fancy and incredibly expensive treadmills. You know, there might be some folks out there who have a Peloton you were able to hop on and just go for a run without having to take a Peloton class in order to to get an indoor run, right, which is a perfectly reasonable thing to be able to want to do on your treadmill. But that's no longer the case. Now.

Your three thousand dollar treadmill is a giant, expensive brick until you fork over the forty a month membership that they charged highway robbery Matt seriously, And you know, this has been a case with a lot of other products too before Peloton, including smart phones. Right. So the reason we're mentioning the story is we want for you to

be careful with what products you buy. If the hardware that you're purchasing needs software and regular updates to work, you're at the mercy of the company that sells the product, and in this case too, Man. I think one of the most ludicrous aspects of the story is that Peloton said that the reason this happened was because of a software safety update. Sure Peloton, Yeah, yeah, yeah. The the only free feature available on the Peloton got rolled back

somehow with a safety update. You know that they were just basically seeing how folks were gonna respond, seeing if they could get away with because if folks were gonna be quiet about it and it wasn't a big deal, it's like, oh, this is a way that we can increase our revenues. But with the backlash, they're totally walking it back and they're saying, oh, we're gonna get right, you know, We're we're getting to work on this. H

The next software update will enable the free run feature. Uh, It's just yeah, that to me, that's the part where I'm just like, come on, guys, seriously, Yeah, I agree. I'm kind of ethically opposed to paying three thousand dollars for a treadmill anyway, whether it comes with a forty dollar a month classes or not. If it's your your craft beer equivalent, Uh, you know what you want. You can still get a great treadmill for a lot less than that, doublets, or you can run outside you be

you all right? Well, yeah, speaking of free stuff, that now Cross Money. Matt Venmo has announced that they're gonna start to charge for certain types of payments soon or actually, well they've they've always charged transactions for business accounts. But for those who use their personal account for their business. But I've never gotten around us setting up a separate business account. That's going to change on July. Start cracking

down right. So Venmo is saying they're making it easier for small business owners to be compliant because customers will be able to select whether they're the money they're sending is for a good or service, and then a fee is going to be deducted from the amount that's sent. So Venmo is trying to Now that they've gotten just a massive user base, they're trying to make a profit on that user base. The upside for customers is that

those transactions are eligible for Venmo's purchase protection plan. But the bad news is that you might start to see prices go up and companies are gonna have to start, you know, adding that fee into what they charge you for that good or service. And also, Matt, Venmo is also upping its cost for instant transfer of funds, so your your friend pays you money and you transfer it to your bank account. They used to charge a one percent fee and now it's gonna be a one point

five percent fee. So yeah, basically, wait those three or four days. Don't ever pay a fee to move money from Venmo into your bank account. That's an easy few to dodge. Absolutely, let's talk about scams. More millennials and jin zers are actually losing money to scams these days. Uh. Scammers and the different cons they pull are getting more sophisticated, and they are targeting a younger, more tech savvy audience.

Our friend Ron Lieber he wrote an excellent article about this in the New York Times this week after the FDC released numbers about which age cohorts are the most susceptible to scams these days. Dude, it wasn't even close. Of people ages twenty nine have lost money to fraud, whereas only of adults from seventy to seventy nine have lost money to a scammer. Obviously, that cohort is likely to be online. More and more these scams are moving online. But it's just something to be aware of. Right. If

you think that you're impervious to scams, think again. It's important to keep your guard up and to be wary before you enter your your credit card information anywhere online.

Make sure that you're not entering your social security anywhere like one of the scams you mentioned were these employment scams where it's like, all right, we gotta you know, run the background check and run all these things on you, and they want you to put in your birthday your Social Security and it turns out someone's about to steal your identity again. And one other thing Matt, people really need to do to protect themselves is to freeze their credit.

I wrote, you know, an article on how the Money dot Com about how people can do that. It's super chill, It's not gonna take you long at all, um, and especially right now, let's say you did accidentally give away some of your personal information, Freezing your credit is going to ensure that you're less susceptible to a lot of the collateral damage that would otherwise take place. Right And not only is it easy and quick to freeze your credit, it's also crazy fast to unfree your credit as well.

So for instance, if you want to apply for a new card, maybe you're applying for a mortgage, something like that. Literally, I've tied myself before and it takes me like one minute per bureau. And speaking of scams, Matt, the Texas Observer, they had an excellent article this week that basically called title insurance a scam. Yeah, and so yeah, this is a big cost center when you're applying for a mortgage

when you're buying a home. It's one of those line items that you see and you're like, why does it cost that much? What's it for? I don't really know. I guess I need it though. Yeah, and and not only are you supposed to purchase an owner's type policy when you're buying a home to protect yourself against you know, legal defects or incorrect surveys or potentially forged deeds, which are all things that don't happen very frequently, but you also have to pay for one on behalf of the

mortgage company protecting their steak in the house. So yeah, how much a title insurance policy costs, It depends on where you live. And no wonder this article showed up in the Texas Observer Matt because title insurance in the state of Texas is sky high, in the range of two thousand dollars for a basic house. So you're buying a home that's two k added on to the price of that home, um, and there's not much you can

do about it. Right where other people live, well, it might cost more like a thousand dollars or maybe even as low as five hundred bucks. And actually in Iowa, that state provides this insurance for a hundred and ten dollars. So yeah, big thumbs up to Iowa for everyone buying homes there. Yeah, it makes it reasonable because, yeah, some

of those prices are just exordinant. And in Texas specifically, it's one of these insurance products that it's not a scam, but it feels like a scam in particular because I mean, I don't know if I've ever heard of any anybody actually having to use that title insurance. It's one of those rarely rarely used insurance products. But also to the stakes are high. Yeah, you know, this is one of the things that technologies should be able to fix in

the future. Blockchain technology specifically could make title insurance a relic of the past, as these transfers of properties are digitally stored, there's no fraud that can take place on that, you know, on the public blockchain. We'll see at that tech actually works way into the housing industry, But for right now, it's one of those insurance products that that people still need to purchase, you know, at least for the time being, even though it basically does feel like

a rip off. In your likelihood of having to file a title claim are pretty close to zero. Not having the insurance is just too big of a risk for you. So make sure that you, yeah, purchase that owner's title policy as well. And just and we're pointing out here too that, yeah, you have to purchase one of those plans for your lender, otherwise they're not going to be willing to give you that loan. Yeah, in some states,

you can shop for your own owner's title policy. You don't have to go with the one that the lender, that the lender recommends, And so in those states where you can shop, shop around and see if you can find a better deal. Again, because it is hopefully, hopefully you know, a type of insurance that you're never going to use. Matt, Let's talk about another form of insurance to that is feels like a total waste of money. And and and this one is actually one that you should

be avoiding. That's extended car warranties. Yeah, We've mentioned how much we dislike these before because they cost just massively outweigh the benefits. They're bad buy for pretty much everybody, And there's just so many pitfalls when you're looking to purchase an extended warranty that it makes this space just

fraught with a lot of downside for people. And one of the biggest potential pitfalls is that a lot of folks buy end up buying a warranty from a third party company instead of buying one from the company that actually manufactured the vehicle, and that third party warranty is worth little to nothing because who knows how long that

company has been around. Many of the companies that sell extended warranties for vehicles are more of the fly by night variety, And so, yeah, does that warranty even cover was likely to go wrong with the vehicle? Maybe there's some language in there that prevents you from actually being able to use it when something does go wrong, And so yeah, there's just way too many loopholes to make

car warranties a smart buy. It's almost always better to keep that money on hand and self insured instead of forking over the money for one of these warranties that might or might not in all like they could pay off. It's usually why like two thousands to get one of these extended warranties. Keep that money in your savings account instead, uh, and be ready to pay for the things that happened to your vehicle out of money that you have on hand, not trying to rely on one of these warranties that

probably isn't gonna work out anyway. That's right, even though you aren't gonna be earning much money on that money that's sitting there in that savings account. Student loans, man, let's talk about those so won't be thrown away. Yeah, that that is true. As of yesterday, interest rates on student loans are higher. That's a little surprising given the low interest rates that we've been seeing across the board. But undergraduate students will now be taking out loans from

the federal government just shy of four percent. That's a one percent increase over last year's rate. Graduate student loans will be at five point to eight percent. Uh. And we're actually we're not even gonna mention the parent plus loans because those are even higher and they're just not worth considering the worst. They're the worst student loan products out there. And so it's important for all students to be careful with how much they choose to borrow. We're

not against folks taking on debt to fund their education. Uh, we feel that can be a really good investment in your personal ability to earn more money down the road, right, But it's crucial to do it wisely. Into find ways to lower your borrowing needs. We don't want you to hamstring your future by overloading yourself with tons of debt.

Now again, even for something as wonderful as in education, fill out that FAFTSA, Look for merit scholarships, Look at all the countless other ways that you can find money that is out there to fund your education before you start looking to products like student loans where you're paying

debt in order to fund your education. Achiever school, that's another thing you can consider to right, just go in to a cheaper school, that's right, man, All right, well, Matt, last week on the show, we said we're gonna give away some books rate our bookshelf, and yeah, it's so fun, Like so many listeners were kind enough to submit a nice review for the show and they emailed us and we have the results of that book giveaway, those winners, the screen names for those reviews where b secon macgoul

twenty two and Evil three. I think it's evly let me, but Evil three sounds pretty funny. Sound funny? All right, Everly, good job. So yeah, well we'll get those books sent out. Uh yeah, I don't know. I was thinking. I guess maybe that's how we spelled it. Uh yeah, I know.

Thanks to everybody who submitted a review, and just reminder, if you didn't win, that review can still count towards future rate our bookshelf giveaways, and so just a little encouragement for all those folks who didn't win this time. You know, another one's coming soon, that's right. Yeah, And also to happy fourth of July to everybody. Joel, you

and I were planning to take Monday off. I think we're gonna take a How to Money family beach Lake trip, but we will still have a great episode on Monday, waiting for you. We're actually going to have a guest on and we're gonna talk all about passive income financial freedom the fourth of July. You kind of see the overlap there. It's financial independence next week on How the Money, So yeah, we're gonna be covering that topic a whole lot.

And our guest on Monday, Rachel Richards, has already achieved that, and she achieved at a really young age. So I'm really looking forward to putting that out into your earbuds on Monday. But until then, have a great weekend celebrating America's independence. All Right, Matt, that's gonna do it for this episode. Until next time, Best AND's Out, Best Friends Out,