1 00:00:00,000 --> 00:00:01,220 All right, let's dive in. 2 00:00:01,220 --> 00:00:04,480 Today we're gonna get into credit cards. 3 00:00:04,480 --> 00:00:05,320 Oh yeah. 4 00:00:05,320 --> 00:00:07,760 We're dissecting this podcast episode 5 00:00:07,760 --> 00:00:10,720 called The Shocking Truth About Credit Cards, 6 00:00:10,720 --> 00:00:12,280 what they don't want you to know. 7 00:00:12,280 --> 00:00:15,200 I mean, we all know that credit cards can be really useful. 8 00:00:15,200 --> 00:00:18,040 But they can also be kind of tricky to navigate. 9 00:00:18,040 --> 00:00:23,040 So our mission today is to unearth some of the secrets 10 00:00:23,080 --> 00:00:27,800 so we can not just survive, but really thrive. 11 00:00:27,800 --> 00:00:32,000 Right, I think people don't realize how much psychology 12 00:00:32,000 --> 00:00:34,680 goes into like how we use credit cards. 13 00:00:34,680 --> 00:00:35,520 Oh, interesting. 14 00:00:35,520 --> 00:00:37,040 Like the companies are really good 15 00:00:37,040 --> 00:00:40,360 at making us wanna spend money without even realizing it. 16 00:00:40,360 --> 00:00:41,960 Whoa, okay, give me an example. 17 00:00:41,960 --> 00:00:43,000 What are they doing? 18 00:00:43,000 --> 00:00:44,400 Well, just like the physical cards, 19 00:00:44,400 --> 00:00:46,920 you know, all those like sleek metallic cards. 20 00:00:46,920 --> 00:00:47,760 Yeah, yeah. 21 00:00:47,760 --> 00:00:49,040 They're designed to make you feel 22 00:00:49,040 --> 00:00:50,720 like you're holding something valuable. 23 00:00:50,720 --> 00:00:52,320 It's almost like a status symbol, you know? 24 00:00:52,320 --> 00:00:53,160 Right. 25 00:00:53,160 --> 00:00:56,000 That just makes us wanna subconsciously spend more. 26 00:00:56,000 --> 00:00:57,160 Yeah, it's like you feel like, 27 00:00:57,160 --> 00:00:58,440 oh, I deserve this. 28 00:00:58,440 --> 00:00:59,800 Exactly, yeah. 29 00:00:59,800 --> 00:01:01,240 And then there's the way they present 30 00:01:01,240 --> 00:01:02,800 like the minimum payments. 31 00:01:02,800 --> 00:01:03,640 Yeah. 32 00:01:03,640 --> 00:01:05,200 It makes it seem like you're barely spending any money. 33 00:01:05,200 --> 00:01:06,040 Right, right. 34 00:01:06,040 --> 00:01:07,960 But in reality, you're racking up 35 00:01:07,960 --> 00:01:10,600 like huge interest charges over time. 36 00:01:10,600 --> 00:01:13,920 It's like they're like using some Jedi mind trick 37 00:01:13,920 --> 00:01:16,200 to make us think that we're spending less than we are. 38 00:01:16,200 --> 00:01:17,360 Yeah, it's very subtle. 39 00:01:17,360 --> 00:01:19,560 Yeah, how do we fight back? 40 00:01:19,560 --> 00:01:22,400 How do we develop a more critical eye? 41 00:01:22,400 --> 00:01:25,200 Well, I think one way is to just understand 42 00:01:25,200 --> 00:01:27,560 like how these companies are making a profit. 43 00:01:27,560 --> 00:01:28,400 Okay. 44 00:01:28,400 --> 00:01:29,640 That podcast we're looking at, 45 00:01:29,640 --> 00:01:31,280 they made this really interesting point. 46 00:01:31,280 --> 00:01:32,120 Yeah. 47 00:01:32,120 --> 00:01:33,680 That credit card companies, 48 00:01:33,680 --> 00:01:36,280 they love it when people only make the minimum payment. 49 00:01:36,280 --> 00:01:37,120 Right. 50 00:01:37,120 --> 00:01:38,640 Because it keeps you in debt longer, 51 00:01:38,640 --> 00:01:40,480 which means more profit for them. 52 00:01:40,480 --> 00:01:42,480 Oh man, so they're banking on us 53 00:01:42,480 --> 00:01:45,000 falling for that minimum payment trap. 54 00:01:45,000 --> 00:01:45,840 Yeah. 55 00:01:45,840 --> 00:01:49,480 Okay, so beyond just knowing how they're doing it, 56 00:01:49,480 --> 00:01:51,640 like what can we actually do to avoid it? 57 00:01:51,640 --> 00:01:54,640 Well, I think it comes down to changing our mindset. 58 00:01:54,640 --> 00:01:55,480 Okay. 59 00:01:55,480 --> 00:01:58,880 Instead of thinking of a credit card as free money, 60 00:01:58,880 --> 00:02:01,920 think of it as a short-term high-interest loan. 61 00:02:01,920 --> 00:02:04,600 And that will help you make smarter decisions 62 00:02:04,600 --> 00:02:06,040 about your spending. 63 00:02:06,040 --> 00:02:09,480 So recognizing that every swipe comes with a price tag. 64 00:02:09,480 --> 00:02:10,320 Exactly. 65 00:02:10,320 --> 00:02:11,320 Even if you don't see it right away. 66 00:02:11,320 --> 00:02:12,160 Yeah. 67 00:02:12,160 --> 00:02:13,320 Okay, so how do we, 68 00:02:13,320 --> 00:02:15,920 what other like concrete steps can we take 69 00:02:15,920 --> 00:02:18,360 to make sure that we're using these cards 70 00:02:18,360 --> 00:02:20,840 to our advantage and not the other way around? 71 00:02:20,840 --> 00:02:23,080 I think one of the biggest ones is just to make a budget 72 00:02:23,080 --> 00:02:24,160 and actually stick to it. 73 00:02:24,160 --> 00:02:25,200 A budget, okay, yeah. 74 00:02:25,200 --> 00:02:26,560 Sounds so basic. 75 00:02:26,560 --> 00:02:27,400 Yeah. 76 00:02:27,400 --> 00:02:28,240 But it's the foundation. 77 00:02:28,240 --> 00:02:29,080 Yeah. 78 00:02:29,080 --> 00:02:31,360 A budget doesn't have to be this strict restrictive thing. 79 00:02:31,360 --> 00:02:32,200 Right. 80 00:02:32,200 --> 00:02:36,600 It's more about having a plan, a roadmap for your money. 81 00:02:36,600 --> 00:02:37,920 Okay, okay. 82 00:02:37,920 --> 00:02:39,880 So with all the budgeting methods out there, 83 00:02:39,880 --> 00:02:41,880 like where do we even start? 84 00:02:41,880 --> 00:02:42,800 Well, that's the thing. 85 00:02:42,800 --> 00:02:44,680 There is no right or wrong answer. 86 00:02:44,680 --> 00:02:45,520 Right. 87 00:02:45,520 --> 00:02:47,400 Some people love that 30, 30, 20 rule. 88 00:02:47,400 --> 00:02:49,120 Others love the envelope system. 89 00:02:49,120 --> 00:02:50,360 Right. 90 00:02:50,360 --> 00:02:52,080 There's tons of apps now too 91 00:02:52,080 --> 00:02:53,400 that you can use to automate it. 92 00:02:53,400 --> 00:02:54,080 Right. 93 00:02:54,080 --> 00:02:55,480 It really just depends on your personality 94 00:02:55,480 --> 00:02:56,600 and your lifestyle. 95 00:02:56,600 --> 00:02:57,440 Okay. 96 00:02:57,440 --> 00:02:58,680 So find something that'll work for you. 97 00:02:58,680 --> 00:02:59,840 Yeah, exactly. 98 00:02:59,840 --> 00:03:02,000 Like no point in doing a budget 99 00:03:02,000 --> 00:03:03,400 if you're not gonna stick with it. 100 00:03:03,400 --> 00:03:04,320 Exactly. 101 00:03:04,320 --> 00:03:06,480 The best budget is the one that works for you. 102 00:03:06,480 --> 00:03:07,320 Right. 103 00:03:07,320 --> 00:03:08,720 And once you have that in place, 104 00:03:08,720 --> 00:03:09,560 Yeah. 105 00:03:09,560 --> 00:03:10,400 you can start to think about, 106 00:03:10,400 --> 00:03:12,560 okay, where does my credit card fit into this? 107 00:03:12,560 --> 00:03:13,400 Right. 108 00:03:13,400 --> 00:03:14,800 So it's not about getting rid of credit cards altogether. 109 00:03:14,800 --> 00:03:17,280 It's about using them intentionally. 110 00:03:17,280 --> 00:03:18,120 Right. 111 00:03:18,120 --> 00:03:18,960 Strategically. 112 00:03:18,960 --> 00:03:19,800 As part of your budget. 113 00:03:19,800 --> 00:03:20,640 Mm-hmm. 114 00:03:20,640 --> 00:03:22,920 Now let's talk about those rewards programs. 115 00:03:22,920 --> 00:03:24,400 Oh yeah. 116 00:03:24,400 --> 00:03:25,880 They always sound so enticing. 117 00:03:25,880 --> 00:03:29,280 Oh yeah, cash back and travel miles and all that stuff. 118 00:03:29,280 --> 00:03:31,160 Yeah, but we really need to understand 119 00:03:31,160 --> 00:03:32,360 how they actually work. 120 00:03:32,360 --> 00:03:33,880 Yeah, cause I always feel like 121 00:03:33,880 --> 00:03:36,080 there's gotta be a catch, right? 122 00:03:36,080 --> 00:03:37,560 You're right to be skeptical. 123 00:03:37,560 --> 00:03:38,400 Okay. 124 00:03:38,400 --> 00:03:40,400 Cause remember, those rewards programs, 125 00:03:40,400 --> 00:03:42,480 they're designed to make you spend more money. 126 00:03:42,480 --> 00:03:43,520 Right. 127 00:03:43,520 --> 00:03:44,920 The more you use your card. 128 00:03:44,920 --> 00:03:45,760 Yeah. 129 00:03:45,760 --> 00:03:46,800 The more the credit card company makes. 130 00:03:46,800 --> 00:03:47,640 Right. 131 00:03:47,640 --> 00:03:49,960 So those rewards are just a way to keep you hooked. 132 00:03:49,960 --> 00:03:52,040 Okay, so it's not just free money 133 00:03:52,040 --> 00:03:53,080 falling from the sky. 134 00:03:53,080 --> 00:03:53,920 No. 135 00:03:53,920 --> 00:03:55,560 What should we be looking for 136 00:03:55,560 --> 00:03:57,640 to make sure we're not getting tricked? 137 00:03:57,640 --> 00:03:59,840 Well think about your spending habits. 138 00:03:59,840 --> 00:04:02,840 Do the rewards actually align with 139 00:04:02,840 --> 00:04:04,960 like where you spend your money anyway? 140 00:04:04,960 --> 00:04:05,800 Okay. 141 00:04:05,800 --> 00:04:07,520 Like if you spend a lot on groceries, 142 00:04:07,520 --> 00:04:10,720 get a card that gives you bonus cash back for groceries. 143 00:04:10,720 --> 00:04:12,120 Okay, yeah, that makes sense. 144 00:04:12,120 --> 00:04:14,360 Don't go out of your way to spending categories. 145 00:04:14,360 --> 00:04:15,200 Yeah. 146 00:04:15,200 --> 00:04:16,880 Just to chase rewards, you know? 147 00:04:16,880 --> 00:04:18,440 Yeah, cause it goes against your budget. 148 00:04:18,440 --> 00:04:19,280 Exactly. 149 00:04:19,280 --> 00:04:20,760 Like, oh, you think you're getting a deal 150 00:04:20,760 --> 00:04:22,320 but you're not really. 151 00:04:22,320 --> 00:04:23,400 Right, yeah. 152 00:04:23,400 --> 00:04:25,320 What else, what are the red flags? 153 00:04:27,640 --> 00:04:29,760 Pay attention to the terms and conditions. 154 00:04:29,760 --> 00:04:30,760 Okay, yeah. 155 00:04:30,760 --> 00:04:32,240 Especially the fine print. 156 00:04:32,240 --> 00:04:34,240 Sometimes those rewards come with restrictions 157 00:04:34,240 --> 00:04:35,600 or they expire. 158 00:04:35,600 --> 00:04:36,440 Right. 159 00:04:36,440 --> 00:04:37,760 And watch out for annual fees too. 160 00:04:37,760 --> 00:04:38,600 Oh yeah. 161 00:04:38,600 --> 00:04:40,280 Those can really eat into your rewards. 162 00:04:40,280 --> 00:04:41,120 Right. 163 00:04:41,120 --> 00:04:41,960 If you're not careful. 164 00:04:41,960 --> 00:04:43,280 It's like they're hiding all the bad stuff 165 00:04:43,280 --> 00:04:44,480 in the fine print, huh? 166 00:04:44,480 --> 00:04:46,800 Yeah, so make sure you read it carefully, 167 00:04:46,800 --> 00:04:48,200 compare different cards. 168 00:04:48,200 --> 00:04:49,040 Right. 169 00:04:49,040 --> 00:04:50,320 Don't be afraid to ask questions. 170 00:04:50,320 --> 00:04:52,360 Right, so do your research. 171 00:04:52,360 --> 00:04:53,200 Yeah. 172 00:04:53,200 --> 00:04:54,040 Be informed. 173 00:04:54,040 --> 00:04:54,880 Exactly. 174 00:04:54,880 --> 00:04:56,280 You're in control, you have the power 175 00:04:56,280 --> 00:04:58,080 to choose what cards you want. 176 00:04:58,080 --> 00:04:58,920 Right. 177 00:04:58,920 --> 00:05:00,120 You want cards that benefit you. 178 00:05:00,120 --> 00:05:00,960 Right. 179 00:05:00,960 --> 00:05:02,920 It all starts with knowing how the game works. 180 00:05:02,920 --> 00:05:05,320 Okay, so we've talked about budgeting. 181 00:05:05,320 --> 00:05:06,160 Right. 182 00:05:06,160 --> 00:05:07,120 We've talked about rewards programs, 183 00:05:07,120 --> 00:05:08,440 we've talked about some of the psychology 184 00:05:08,440 --> 00:05:09,800 behind spending. 185 00:05:09,800 --> 00:05:13,640 But there's one more piece I kinda wanna get to. 186 00:05:13,640 --> 00:05:14,480 Okay. 187 00:05:14,480 --> 00:05:15,480 And that's those hidden fees. 188 00:05:15,480 --> 00:05:16,320 Oh yeah. 189 00:05:16,320 --> 00:05:17,160 They always get, yeah. 190 00:05:17,160 --> 00:05:18,360 The fine print again. 191 00:05:18,360 --> 00:05:21,440 Yeah, it's so easy to just like skip over 192 00:05:21,440 --> 00:05:23,000 all the terms and conditions. 193 00:05:23,000 --> 00:05:25,920 But that's where they hide all those late fees 194 00:05:25,920 --> 00:05:27,360 and foreign transaction fees. 195 00:05:27,360 --> 00:05:29,120 Exactly, all those annual fees, yeah. 196 00:05:29,120 --> 00:05:32,160 That's like they're betting on us not reading it. 197 00:05:32,160 --> 00:05:33,440 Yeah, they are. 198 00:05:33,440 --> 00:05:35,320 So what are the most common ones 199 00:05:35,320 --> 00:05:36,920 we should be watching out for? 200 00:05:38,520 --> 00:05:40,000 Late fees are a big one. 201 00:05:40,000 --> 00:05:40,880 Oh yeah. 202 00:05:40,880 --> 00:05:42,560 You know, you forget a due date. 203 00:05:42,560 --> 00:05:43,400 Yeah. 204 00:05:43,400 --> 00:05:44,640 It happens to the best of us. 205 00:05:44,640 --> 00:05:45,480 Totally. 206 00:05:45,480 --> 00:05:48,760 Setting up a reminder or automating your payments 207 00:05:48,760 --> 00:05:50,680 can save you a lot of money in the long run. 208 00:05:50,680 --> 00:05:53,040 Right, because you forget one since like, damn, 30 bucks. 209 00:05:53,040 --> 00:05:53,880 Exactly. 210 00:05:53,880 --> 00:05:54,720 Yeah. 211 00:05:54,720 --> 00:05:56,320 Okay, what else? 212 00:05:56,320 --> 00:05:58,080 If you travel internationally, 213 00:05:58,080 --> 00:05:59,960 watch out for those foreign transaction fees. 214 00:05:59,960 --> 00:06:00,800 Oh yeah. 215 00:06:00,800 --> 00:06:01,920 They can add up really quickly. 216 00:06:01,920 --> 00:06:02,760 Yeah, for sure. 217 00:06:03,560 --> 00:06:05,400 Some cards waive those fees. 218 00:06:05,400 --> 00:06:06,240 Oh nice. 219 00:06:06,240 --> 00:06:08,640 So that's something to consider if you travel a lot. 220 00:06:08,640 --> 00:06:09,960 Okay, yeah, for sure. 221 00:06:09,960 --> 00:06:11,920 What other sneaky fees are out there? 222 00:06:11,920 --> 00:06:13,800 Annual fees are another one to watch out for. 223 00:06:13,800 --> 00:06:14,640 Yeah. 224 00:06:14,640 --> 00:06:16,720 Some cards offer great perks, 225 00:06:16,720 --> 00:06:19,400 but are those perks worth the annual fee 226 00:06:19,400 --> 00:06:20,760 if you're not even using them? 227 00:06:20,760 --> 00:06:23,480 Right, so analyze your spending. 228 00:06:23,480 --> 00:06:26,440 See if those benefits are actually worth it for you. 229 00:06:26,440 --> 00:06:27,520 Yeah, absolutely. 230 00:06:27,520 --> 00:06:29,600 Okay, so do your research. 231 00:06:29,600 --> 00:06:33,040 Don't be afraid to say no to a fancy car. 232 00:06:33,040 --> 00:06:34,280 Yeah, shop around. 233 00:06:34,280 --> 00:06:35,960 If the fees aren't worth it for you. 234 00:06:35,960 --> 00:06:37,520 Exactly, you have the power to do that. 235 00:06:37,520 --> 00:06:39,280 Wow, this is blowing my mind. 236 00:06:39,280 --> 00:06:40,120 Yeah. 237 00:06:40,120 --> 00:06:42,920 I'm starting to realize how much power we have 238 00:06:42,920 --> 00:06:46,760 as consumers if we just read the fine print. 239 00:06:46,760 --> 00:06:48,360 Absolutely, knowledge is power. 240 00:06:48,360 --> 00:06:50,840 Do a little research and advocate for ourselves 241 00:06:50,840 --> 00:06:51,680 a little bit. 242 00:06:51,680 --> 00:06:53,240 Exactly, and when it comes to credit cards, 243 00:06:53,240 --> 00:06:55,240 a little knowledge can go a long way. 244 00:06:55,240 --> 00:06:56,160 I'm feeling empowered. 245 00:06:56,160 --> 00:06:59,840 We've covered a lot here in part one of our deep dive 246 00:06:59,840 --> 00:07:02,560 from the psychology of how we spend money 247 00:07:02,560 --> 00:07:04,160 to the importance of budgeting, 248 00:07:04,160 --> 00:07:07,120 to understanding all these fees and rewards programs 249 00:07:07,120 --> 00:07:08,560 and the fine print and all that stuff. 250 00:07:08,560 --> 00:07:09,720 It's a lot. 251 00:07:09,720 --> 00:07:11,160 Before we move on to part two, 252 00:07:11,160 --> 00:07:12,640 I have a question for our listeners. 253 00:07:12,640 --> 00:07:13,480 Okay. 254 00:07:13,480 --> 00:07:15,920 Think about your own credit cards. 255 00:07:15,920 --> 00:07:19,240 Are you using them or are they using you? 256 00:07:19,240 --> 00:07:20,120 That's a great question. 257 00:07:20,120 --> 00:07:22,240 Think about your habits. 258 00:07:22,240 --> 00:07:24,600 Think about what you know about your cards. 259 00:07:24,600 --> 00:07:28,960 Think about how you're managing this piece of plastic. 260 00:07:28,960 --> 00:07:29,800 Absolutely. 261 00:07:29,800 --> 00:07:30,840 It can be so powerful. 262 00:07:30,840 --> 00:07:31,880 Very powerful. 263 00:07:31,880 --> 00:07:34,160 We'll dive deeper into these questions in part two. 264 00:07:34,160 --> 00:07:35,000 Yeah. 265 00:07:35,000 --> 00:07:37,600 We'll explore some more advanced strategies 266 00:07:37,600 --> 00:07:40,120 for using those cards to your advantage. 267 00:07:40,120 --> 00:07:41,080 Okay, that sounds good. 268 00:07:41,080 --> 00:07:44,320 And really boosting your financial well-being. 269 00:07:44,320 --> 00:07:45,160 I'm excited. 270 00:07:45,160 --> 00:07:46,000 Yeah. 271 00:07:46,000 --> 00:07:46,840 It's interesting, right? 272 00:07:46,840 --> 00:07:48,680 As we go deeper with these credit cards, 273 00:07:48,680 --> 00:07:52,120 it's like how much psychology plays a part in? 274 00:07:52,120 --> 00:07:53,520 Like how we spend. 275 00:07:53,520 --> 00:07:56,360 Yeah, it's like some things just telling you to buy, buy, buy. 276 00:07:56,360 --> 00:07:57,200 Exactly. 277 00:07:57,200 --> 00:08:00,120 And one of those is like what's called delayed gratification. 278 00:08:00,120 --> 00:08:00,960 Okay. 279 00:08:00,960 --> 00:08:05,360 With cash, you feel the pain of spending it like right away. 280 00:08:05,360 --> 00:08:06,200 Yeah, yeah. 281 00:08:06,200 --> 00:08:08,840 With credit cards, it's like, oh, that pain comes later. 282 00:08:08,840 --> 00:08:10,360 Right, when the bill comes. 283 00:08:10,360 --> 00:08:11,200 Exactly. 284 00:08:11,200 --> 00:08:12,480 So your brain's kind of tricking you 285 00:08:12,480 --> 00:08:14,120 into thinking it's not real money yet. 286 00:08:14,120 --> 00:08:16,440 Oh, so we're just living in denial. 287 00:08:16,440 --> 00:08:17,640 In a way, yeah. 288 00:08:17,640 --> 00:08:20,400 And credit card companies, they know how to exploit that. 289 00:08:20,400 --> 00:08:22,720 Okay, so how are they doing that? 290 00:08:22,720 --> 00:08:25,280 Well, think about those ads you see online. 291 00:08:25,280 --> 00:08:26,800 You know, they're like targeted 292 00:08:26,800 --> 00:08:28,040 to what you were just looking at. 293 00:08:28,040 --> 00:08:29,120 Yeah, yeah, yeah. 294 00:08:29,120 --> 00:08:30,840 Or those limited time offers, you know, 295 00:08:30,840 --> 00:08:32,640 that make you feel like you gotta buy it right now. 296 00:08:32,640 --> 00:08:34,000 Yeah, like you're gonna miss out. 297 00:08:34,000 --> 00:08:35,720 Exactly, that FOMO, right? 298 00:08:35,720 --> 00:08:36,560 Yeah, yeah. 299 00:08:36,560 --> 00:08:39,680 There's this whole like reward pathway in your brain. 300 00:08:39,680 --> 00:08:40,320 Yeah, okay. 301 00:08:40,320 --> 00:08:41,400 So anytime you buy something, 302 00:08:41,400 --> 00:08:42,960 especially something you want, 303 00:08:42,960 --> 00:08:45,120 like your brain's releasing dopamine. 304 00:08:45,120 --> 00:08:46,480 Oh, wow. 305 00:08:46,480 --> 00:08:48,680 And it's like, you get rewarded for spending. 306 00:08:48,680 --> 00:08:50,440 So it's like the rewards programs 307 00:08:50,440 --> 00:08:51,840 are kind of like tapping into that. 308 00:08:51,840 --> 00:08:54,480 Like points and miles are like little dopamine hits. 309 00:08:54,480 --> 00:08:56,000 Exactly, marketers know this. 310 00:08:56,000 --> 00:08:56,760 Yeah. 311 00:08:56,760 --> 00:08:59,440 It's pretty smart, but also kind of manipulative. 312 00:08:59,440 --> 00:09:00,600 Yeah, for sure. 313 00:09:00,600 --> 00:09:04,680 So knowing all that, how do we fight back against it? 314 00:09:04,680 --> 00:09:06,760 How do we become more mindful? 315 00:09:06,760 --> 00:09:10,440 Well, I think one way is to be aware 316 00:09:10,440 --> 00:09:11,760 of your spending triggers. 317 00:09:11,760 --> 00:09:12,600 Oh, okay. 318 00:09:12,600 --> 00:09:16,240 Like what situations or emotions make you spend more? 319 00:09:16,240 --> 00:09:17,080 Okay. 320 00:09:17,080 --> 00:09:21,160 Is it stress, boredom, social pressure? 321 00:09:21,160 --> 00:09:24,680 I know for me, when I'm down or I'm stressed, I just shop. 322 00:09:24,680 --> 00:09:26,120 Yeah, that's a really common one. 323 00:09:26,120 --> 00:09:27,600 That's like retail therapy. 324 00:09:27,600 --> 00:09:29,720 Right, so once you know what those triggers are, 325 00:09:29,720 --> 00:09:32,280 you can start to like find other ways to deal with them. 326 00:09:32,280 --> 00:09:33,120 Okay. 327 00:09:33,120 --> 00:09:35,360 Instead of shopping, maybe go for a walk or call a friend. 328 00:09:35,360 --> 00:09:37,280 All right, so find healthier ways 329 00:09:37,280 --> 00:09:38,560 to deal with your emotions. 330 00:09:38,560 --> 00:09:40,240 Exactly, and I think it's really helpful 331 00:09:40,240 --> 00:09:43,920 to like create visual reminders of your financial goals. 332 00:09:43,920 --> 00:09:44,760 Okay. 333 00:09:44,760 --> 00:09:46,840 Like a picture of the vacation you're saving up for, 334 00:09:46,840 --> 00:09:49,280 or like a chart of your debt payoff progress. 335 00:09:49,280 --> 00:09:50,120 Okay. 336 00:09:50,120 --> 00:09:50,960 I think that somewhere you can see it, 337 00:09:50,960 --> 00:09:52,040 like on your fridge, on your phone. 338 00:09:52,040 --> 00:09:53,520 It's like your little cheerleader. 339 00:09:53,520 --> 00:09:54,360 Yeah. 340 00:09:54,360 --> 00:09:55,200 Keeping you motivated. 341 00:09:55,200 --> 00:09:57,880 Exactly, and there's this powerful technique. 342 00:09:57,880 --> 00:09:58,720 Yeah. 343 00:09:58,720 --> 00:10:00,360 Called implementation intention. 344 00:10:00,360 --> 00:10:01,200 Okay. 345 00:10:01,200 --> 00:10:03,000 Where you basically plan ahead of time. 346 00:10:03,000 --> 00:10:03,840 Okay. 347 00:10:03,840 --> 00:10:07,800 So you're gonna handle like those tempting situations. 348 00:10:07,800 --> 00:10:09,240 Oh, okay, so do me an example. 349 00:10:09,240 --> 00:10:12,240 So let's say you know you're more likely 350 00:10:12,240 --> 00:10:13,760 to shop online when you're bored. 351 00:10:13,760 --> 00:10:14,720 Right. 352 00:10:14,720 --> 00:10:17,640 Your implementation intention could be like, 353 00:10:17,640 --> 00:10:20,200 okay, if I find myself online shopping, 354 00:10:20,200 --> 00:10:21,400 I'm gonna close that window, 355 00:10:21,400 --> 00:10:23,880 and I'm gonna go for a walk for 15 minutes. 356 00:10:23,880 --> 00:10:26,520 So it's like having a plan in place. 357 00:10:26,520 --> 00:10:27,360 Yeah. 358 00:10:27,360 --> 00:10:28,960 So you don't have to think about it in the moment. 359 00:10:28,960 --> 00:10:29,800 Exactly. 360 00:10:29,800 --> 00:10:31,120 You're not gonna like get swept away. 361 00:10:31,120 --> 00:10:33,400 Right, it helps break that cycle. 362 00:10:33,400 --> 00:10:34,560 That's cool, I like that. 363 00:10:34,560 --> 00:10:38,040 All right, so mindfulness, visual reminders. 364 00:10:38,040 --> 00:10:38,880 Yes. 365 00:10:38,880 --> 00:10:41,840 Implementation intentions, those are good. 366 00:10:41,840 --> 00:10:43,960 But how about some practical stuff? 367 00:10:43,960 --> 00:10:45,680 Like how do we make a budget? 368 00:10:45,680 --> 00:10:46,800 Oh, budgeting, yes. 369 00:10:46,800 --> 00:10:47,800 That actually works. 370 00:10:47,800 --> 00:10:48,880 That's essential. 371 00:10:48,880 --> 00:10:49,720 Yeah. 372 00:10:49,720 --> 00:10:50,560 It's a foundation. 373 00:10:50,560 --> 00:10:51,400 Yeah. 374 00:10:51,400 --> 00:10:53,600 And the good news is, it doesn't have to be complicated. 375 00:10:53,600 --> 00:10:54,440 Right. 376 00:10:54,440 --> 00:10:55,440 There's so many methods out there, 377 00:10:55,440 --> 00:10:57,120 you can find one that works for you. 378 00:10:57,120 --> 00:10:58,560 Right, because the best budget's the one 379 00:10:58,560 --> 00:10:59,400 you're gonna stick with. 380 00:10:59,400 --> 00:11:00,600 Exactly, you got it. 381 00:11:00,600 --> 00:11:02,920 Some people like that 50-30-20 method. 382 00:11:02,920 --> 00:11:04,360 Some people like the envelope system. 383 00:11:04,360 --> 00:11:05,200 Yeah. 384 00:11:05,200 --> 00:11:07,480 And then there's all these amazing budgeting apps. 385 00:11:07,480 --> 00:11:08,320 Oh, yeah. 386 00:11:08,320 --> 00:11:09,360 That can automate it for you. 387 00:11:09,360 --> 00:11:10,200 Yeah. 388 00:11:10,200 --> 00:11:12,000 So you really just gotta find what works for you. 389 00:11:12,000 --> 00:11:13,880 Right, find something that makes it easy 390 00:11:13,880 --> 00:11:14,840 and not stressful. 391 00:11:14,840 --> 00:11:16,440 Exactly, exactly. 392 00:11:16,440 --> 00:11:18,080 And once you have that budget, 393 00:11:18,080 --> 00:11:19,280 then you can actually start looking 394 00:11:19,280 --> 00:11:20,480 at your credit card statements. 395 00:11:20,480 --> 00:11:21,480 Okay, yeah. 396 00:11:21,480 --> 00:11:23,960 And don't just look at the minimum payment due, 397 00:11:23,960 --> 00:11:25,960 like actually look at the transactions. 398 00:11:25,960 --> 00:11:26,800 Yeah, yeah. 399 00:11:26,800 --> 00:11:27,840 Make sure you recognize them all. 400 00:11:27,840 --> 00:11:29,840 Right, yeah, make sure you actually spent that. 401 00:11:29,840 --> 00:11:32,880 Yeah, you can catch errors, fraudulent charges, 402 00:11:32,880 --> 00:11:35,440 right, or sometimes you get those sneaky little subscriptions 403 00:11:35,440 --> 00:11:36,280 that you forget about. 404 00:11:36,280 --> 00:11:37,640 Exactly, yeah. 405 00:11:37,640 --> 00:11:40,000 And it makes you think about like, 406 00:11:40,000 --> 00:11:41,120 your spending habits, 407 00:11:41,120 --> 00:11:43,480 are you overspending in any category? 408 00:11:43,480 --> 00:11:45,200 Right, so being more mindful. 409 00:11:45,200 --> 00:11:46,800 Exactly, being proactive. 410 00:11:46,800 --> 00:11:49,560 Here's a tip that I think people don't always know. 411 00:11:49,560 --> 00:11:50,400 Okay. 412 00:11:50,400 --> 00:11:52,880 You can actually use a credit card 413 00:11:52,880 --> 00:11:54,720 for like your recurring bills. 414 00:11:54,720 --> 00:11:55,640 Oh, interesting, okay. 415 00:11:55,640 --> 00:11:58,360 Like your utilities or your streaming services. 416 00:11:58,360 --> 00:12:00,120 That way you can get those reward points. 417 00:12:00,120 --> 00:12:00,960 No. 418 00:12:00,960 --> 00:12:01,800 But here's the thing. 419 00:12:01,800 --> 00:12:02,960 What's the catch? 420 00:12:02,960 --> 00:12:04,800 You gotta make sure you're paying it off every month. 421 00:12:04,800 --> 00:12:06,120 Right, because otherwise you're just gonna 422 00:12:06,120 --> 00:12:07,240 pay all the interest. 423 00:12:07,240 --> 00:12:08,080 Yeah, exactly. 424 00:12:08,080 --> 00:12:10,040 And negate any rewards that you get. 425 00:12:10,040 --> 00:12:12,160 Exactly, so it's all about being disciplined, 426 00:12:12,160 --> 00:12:13,800 you know, and using it to your advantage. 427 00:12:13,800 --> 00:12:16,480 Okay, what other strategies like that 428 00:12:16,480 --> 00:12:20,560 are there to like, maximize our benefits? 429 00:12:20,560 --> 00:12:23,120 So there's this thing called balance transferring. 430 00:12:23,120 --> 00:12:23,960 Okay. 431 00:12:23,960 --> 00:12:27,680 Where you basically take debt from a high interest card 432 00:12:27,680 --> 00:12:30,400 and move it to a card with a lower interest rate. 433 00:12:30,400 --> 00:12:31,240 Okay. 434 00:12:31,240 --> 00:12:34,360 And you can do one with like a 0% APR for a while. 435 00:12:34,360 --> 00:12:35,960 Oh, that sounds like a good deal. 436 00:12:35,960 --> 00:12:36,800 Yeah. 437 00:12:36,800 --> 00:12:37,640 You're just gonna. 438 00:12:37,640 --> 00:12:38,480 You're always gonna read the fine print, right? 439 00:12:38,480 --> 00:12:39,320 Yeah. 440 00:12:39,320 --> 00:12:40,920 Sometimes there are balance transfer fees 441 00:12:40,920 --> 00:12:43,520 or that 0% APR might not last forever. 442 00:12:43,520 --> 00:12:46,240 But if you're smart about it, you can save money. 443 00:12:46,240 --> 00:12:48,640 So do your research. 444 00:12:48,640 --> 00:12:50,520 Make sure the math makes sense. 445 00:12:50,520 --> 00:12:51,360 Yes. 446 00:12:51,360 --> 00:12:52,200 For you. 447 00:12:52,200 --> 00:12:54,000 Exactly, and now for the like, 448 00:12:54,000 --> 00:12:55,600 really strategic people out there. 449 00:12:55,600 --> 00:12:56,680 Oh, okay, let's hear it. 450 00:12:56,680 --> 00:12:59,040 There's this thing called credit card churning. 451 00:12:59,040 --> 00:12:59,880 Okay. 452 00:12:59,880 --> 00:13:02,000 You basically sign up for cards 453 00:13:02,000 --> 00:13:03,840 that have really good sign up bonuses. 454 00:13:03,840 --> 00:13:04,680 Okay. 455 00:13:04,680 --> 00:13:06,240 You meet the spending requirements 456 00:13:06,240 --> 00:13:07,320 and then you cancel it. 457 00:13:07,320 --> 00:13:09,880 Right, before the annual fee kicks in. 458 00:13:09,880 --> 00:13:10,720 Exactly. 459 00:13:10,720 --> 00:13:12,360 Wow, okay, is that even allowed? 460 00:13:12,360 --> 00:13:14,840 Oh yeah, it's totally legal and ethical. 461 00:13:14,840 --> 00:13:15,680 Okay. 462 00:13:15,680 --> 00:13:16,920 But it's not for everybody. 463 00:13:16,920 --> 00:13:17,760 Right. 464 00:13:17,760 --> 00:13:18,880 It takes a lot of organization. 465 00:13:18,880 --> 00:13:19,720 Yeah. 466 00:13:19,720 --> 00:13:20,920 And you gotta really understand how it all works. 467 00:13:20,920 --> 00:13:21,760 Yeah. 468 00:13:21,760 --> 00:13:23,920 But for those people who are willing to put in the effort, 469 00:13:23,920 --> 00:13:28,240 you can get like free flights, free hotel stays. 470 00:13:28,240 --> 00:13:29,080 Wow. 471 00:13:29,080 --> 00:13:31,080 So it's like a game for the like, 472 00:13:31,080 --> 00:13:32,640 the credit card exports. 473 00:13:32,640 --> 00:13:33,480 Yeah. 474 00:13:33,480 --> 00:13:34,800 The people who know how to play the system. 475 00:13:34,800 --> 00:13:35,640 Yeah. 476 00:13:35,640 --> 00:13:37,960 But with all these like advanced strategies, 477 00:13:37,960 --> 00:13:39,560 do your research. 478 00:13:39,560 --> 00:13:41,120 Make sure it's the right move for you. 479 00:13:41,120 --> 00:13:42,840 But let's, before we get into part three, 480 00:13:42,840 --> 00:13:45,120 let's go back to like the basics. 481 00:13:45,120 --> 00:13:47,320 Okay, back to the fundamentals. 482 00:13:47,320 --> 00:13:49,400 We talked about all these fancy techniques. 483 00:13:49,400 --> 00:13:50,240 Yeah. 484 00:13:50,240 --> 00:13:52,000 But what are like the core principles 485 00:13:52,000 --> 00:13:53,160 that everybody should know? 486 00:13:53,160 --> 00:13:56,360 Okay, so here are a few like golden rules. 487 00:13:56,360 --> 00:13:57,280 All right, let's hear them. 488 00:13:57,280 --> 00:14:01,040 Number one, treat your credit card like it's a debit card. 489 00:14:01,040 --> 00:14:01,880 Okay. 490 00:14:01,880 --> 00:14:03,480 Only spend money you actually have. 491 00:14:03,480 --> 00:14:04,320 Right. 492 00:14:04,320 --> 00:14:05,760 So you're not tempted to overspend. 493 00:14:05,760 --> 00:14:06,600 Exactly. 494 00:14:06,600 --> 00:14:08,840 Number two, pay it off in full every month. 495 00:14:08,840 --> 00:14:09,680 Okay. 496 00:14:09,680 --> 00:14:11,080 That way you avoid the interest charges. 497 00:14:11,080 --> 00:14:11,920 Right. 498 00:14:11,920 --> 00:14:14,160 Number three, track your spending. 499 00:14:14,160 --> 00:14:16,080 Use a budgeting app, a spreadsheet, 500 00:14:16,080 --> 00:14:17,200 whatever works for you. 501 00:14:17,200 --> 00:14:18,040 Yeah. 502 00:14:18,040 --> 00:14:20,000 But you gotta be aware where your money's going. 503 00:14:20,000 --> 00:14:20,840 Right. 504 00:14:20,840 --> 00:14:21,680 Track it all. 505 00:14:21,680 --> 00:14:22,520 Exactly. 506 00:14:22,520 --> 00:14:23,920 Number four, read the fine print. 507 00:14:23,920 --> 00:14:25,920 Ugh, the fine print. 508 00:14:25,920 --> 00:14:27,000 I know, nobody likes it. 509 00:14:27,000 --> 00:14:27,840 Yeah. 510 00:14:27,840 --> 00:14:29,240 But you gotta understand those interest rates, 511 00:14:29,240 --> 00:14:30,080 those fees. 512 00:14:30,080 --> 00:14:31,400 Yeah, those sneaky fees. 513 00:14:31,400 --> 00:14:32,240 Exactly. 514 00:14:32,240 --> 00:14:35,600 And number five, check your credit report regularly. 515 00:14:35,600 --> 00:14:36,480 Okay, yeah. 516 00:14:36,480 --> 00:14:39,040 Make sure there's no mistakes or fraud going on. 517 00:14:39,040 --> 00:14:41,960 Okay, so good basic guidelines. 518 00:14:41,960 --> 00:14:43,160 Yeah, keep it simple. 519 00:14:43,160 --> 00:14:44,400 Simple but effective. 520 00:14:44,400 --> 00:14:45,240 Exactly. 521 00:14:45,240 --> 00:14:47,440 If you can stick to these, you're gonna be golden. 522 00:14:47,440 --> 00:14:48,280 I love it. 523 00:14:48,280 --> 00:14:51,720 Back to basics with a deeper understanding. 524 00:14:51,720 --> 00:14:54,080 All right, we've covered a lot of ground here in part two. 525 00:14:54,080 --> 00:14:54,920 We have. 526 00:14:54,920 --> 00:14:59,920 The psychology of spending to these more advanced techniques, 527 00:15:01,200 --> 00:15:04,720 like balance transferring, credit card churning, 528 00:15:04,720 --> 00:15:06,720 and those core principles 529 00:15:06,720 --> 00:15:08,960 of just using credit cards responsibly. 530 00:15:08,960 --> 00:15:09,800 Right. 531 00:15:09,800 --> 00:15:10,640 Ready for part three. 532 00:15:10,640 --> 00:15:11,480 Let's do it. 533 00:15:11,480 --> 00:15:12,320 All right, we're back. 534 00:15:12,320 --> 00:15:13,140 Here we are. 535 00:15:13,140 --> 00:15:16,120 For the final part of our credit card deep dive. 536 00:15:16,120 --> 00:15:17,640 The grand finale. 537 00:15:17,640 --> 00:15:20,200 It's been quite a journey, hasn't it? 538 00:15:20,200 --> 00:15:21,040 I think we have, yeah. 539 00:15:21,040 --> 00:15:24,600 I feel like we've covered so much from like, 540 00:15:24,600 --> 00:15:26,920 how our brains work when we're spending 541 00:15:26,920 --> 00:15:31,400 to like those really like advanced credit card techniques. 542 00:15:31,400 --> 00:15:32,240 The tricks of the trade. 543 00:15:32,240 --> 00:15:34,600 Yeah, balance transferring, credit card churning. 544 00:15:34,600 --> 00:15:35,720 All that stuff. 545 00:15:35,720 --> 00:15:38,000 I think the big takeaway for everybody listening is, 546 00:15:38,000 --> 00:15:39,880 you know, knowledge is power, right? 547 00:15:39,880 --> 00:15:41,160 Absolutely, the more you know. 548 00:15:41,160 --> 00:15:42,000 Yeah. 549 00:15:42,000 --> 00:15:43,160 The better decisions you can make. 550 00:15:43,160 --> 00:15:46,040 Right, you can avoid those like traps and pitfalls. 551 00:15:46,040 --> 00:15:46,880 Exactly. 552 00:15:46,880 --> 00:15:47,800 That we were talking about before. 553 00:15:47,800 --> 00:15:48,640 Yeah. 554 00:15:48,640 --> 00:15:51,560 I think a lot of people get like overwhelmed, you know. 555 00:15:51,560 --> 00:15:53,800 When it comes to credit cards, all the information. 556 00:15:53,800 --> 00:15:55,040 There's so much out there. 557 00:15:55,040 --> 00:15:57,440 Yeah, but if you just take the time. 558 00:15:57,440 --> 00:15:58,280 Yeah. 559 00:15:58,280 --> 00:15:59,200 To learn about it. 560 00:15:59,200 --> 00:16:00,040 Yeah. 561 00:16:00,040 --> 00:16:03,440 Like interest rates, fees, rewards programs. 562 00:16:03,440 --> 00:16:04,280 Yeah. 563 00:16:04,280 --> 00:16:05,600 How it all affects your credit score. 564 00:16:05,600 --> 00:16:06,520 Yeah. 565 00:16:06,520 --> 00:16:07,680 It can really make a difference. 566 00:16:07,680 --> 00:16:09,360 It's like a superpower almost. 567 00:16:09,360 --> 00:16:11,240 It is, it's like having a secret weapon. 568 00:16:11,240 --> 00:16:14,520 Yeah, and you know, I think it's important to remember 569 00:16:14,520 --> 00:16:16,320 that there are resources out there. 570 00:16:16,320 --> 00:16:17,160 Yes, absolutely. 571 00:16:17,160 --> 00:16:18,480 That help you along the way. 572 00:16:18,480 --> 00:16:21,400 Yeah, there are websites, podcasts like ours. 573 00:16:21,400 --> 00:16:22,240 Yeah. 574 00:16:22,240 --> 00:16:23,440 Even like financial advisors. 575 00:16:23,440 --> 00:16:24,280 Yeah. 576 00:16:24,280 --> 00:16:25,240 Who can give you advice? 577 00:16:25,240 --> 00:16:28,560 So yeah, don't be afraid to ask questions. 578 00:16:28,560 --> 00:16:29,400 Mm-hmm. 579 00:16:29,400 --> 00:16:30,240 Do your research. 580 00:16:30,240 --> 00:16:31,080 Mm-hmm. 581 00:16:31,080 --> 00:16:32,120 Talk to people you trust. 582 00:16:32,120 --> 00:16:32,960 Exactly. 583 00:16:33,800 --> 00:16:36,200 You know, there's no shame in not knowing everything. 584 00:16:36,200 --> 00:16:37,040 Absolutely not. 585 00:16:37,040 --> 00:16:39,320 In fact, that's the first step. 586 00:16:39,320 --> 00:16:40,160 Yeah. 587 00:16:40,160 --> 00:16:42,480 To becoming like more informed. 588 00:16:42,480 --> 00:16:44,040 More in control of your finances. 589 00:16:44,040 --> 00:16:44,880 Right. 590 00:16:44,880 --> 00:16:47,360 Okay, I wanna like shift gears a little bit. 591 00:16:47,360 --> 00:16:49,240 And talk about the bigger picture. 592 00:16:49,240 --> 00:16:50,080 Right. 593 00:16:50,080 --> 00:16:52,240 You know, we've been like really focused on like 594 00:16:52,240 --> 00:16:54,920 the nitty-gritty details of like 595 00:16:54,920 --> 00:16:57,280 how to manage your credit cards. 596 00:16:57,280 --> 00:17:00,720 But credit cards, they're just like one part. 597 00:17:00,720 --> 00:17:01,560 Right. 598 00:17:01,560 --> 00:17:03,240 Of your overall financial situation. 599 00:17:03,240 --> 00:17:04,160 That's all connected. 600 00:17:04,160 --> 00:17:05,000 Yeah, they're a tool. 601 00:17:05,000 --> 00:17:05,960 Yeah, like a hammer. 602 00:17:05,960 --> 00:17:08,160 You can use it to build something or to break something. 603 00:17:08,160 --> 00:17:09,760 Oh, definitely, you gotta use in the right way. 604 00:17:09,760 --> 00:17:14,600 Yeah, so I want you to like think about your financial goals. 605 00:17:14,600 --> 00:17:16,840 Like what are you working towards? 606 00:17:16,840 --> 00:17:17,680 Yeah. 607 00:17:17,680 --> 00:17:20,040 Are you saving for a house? 608 00:17:20,040 --> 00:17:21,960 Are you thinking about retirement? 609 00:17:21,960 --> 00:17:22,800 Yeah. 610 00:17:22,800 --> 00:17:25,320 Or do you just wanna feel more financially secure? 611 00:17:25,320 --> 00:17:26,720 Right, those are big questions. 612 00:17:26,720 --> 00:17:28,520 They are big questions, but they're important. 613 00:17:28,520 --> 00:17:29,360 Yeah. 614 00:17:29,360 --> 00:17:31,400 And once you have a better idea. 615 00:17:31,400 --> 00:17:32,240 Yeah. 616 00:17:32,240 --> 00:17:33,080 Of what you want. 617 00:17:34,040 --> 00:17:35,720 Then you can start to figure out. 618 00:17:35,720 --> 00:17:36,560 Yeah. 619 00:17:36,560 --> 00:17:39,960 Like are your credit cards helping you get there? 620 00:17:39,960 --> 00:17:41,800 Right, are they working for you or against you? 621 00:17:41,800 --> 00:17:42,640 It's exactly. 622 00:17:42,640 --> 00:17:43,480 It's a little check in, you know. 623 00:17:43,480 --> 00:17:45,160 Yeah, make sure you're still on track. 624 00:17:45,160 --> 00:17:46,000 Exactly. 625 00:17:46,000 --> 00:17:47,120 And if you realize. 626 00:17:47,120 --> 00:17:48,360 Yeah. 627 00:17:48,360 --> 00:17:50,800 That your credit card habits aren't really serving you. 628 00:17:50,800 --> 00:17:51,640 Yeah. 629 00:17:51,640 --> 00:17:52,920 So you're really afraid to make a change. 630 00:17:52,920 --> 00:17:53,760 Right. 631 00:17:53,760 --> 00:17:56,000 Like go back to your budget, look at different credit cards, 632 00:17:56,000 --> 00:17:57,680 maybe talk to a financial advisor. 633 00:17:57,680 --> 00:17:59,440 Yeah, it's never too late. 634 00:17:59,440 --> 00:18:00,360 Never too late. 635 00:18:00,360 --> 00:18:02,520 To like take control of your money. 636 00:18:02,520 --> 00:18:03,360 Exactly. 637 00:18:03,360 --> 00:18:06,240 And like create a brighter financial future. 638 00:18:06,240 --> 00:18:07,720 Absolutely. 639 00:18:07,720 --> 00:18:09,560 Okay, before we wrap things up here. 640 00:18:09,560 --> 00:18:10,720 Yeah. 641 00:18:10,720 --> 00:18:13,240 I wanna leave everyone with like one final thought. 642 00:18:13,240 --> 00:18:15,080 Okay, let's hear it. 643 00:18:15,080 --> 00:18:20,080 This journey to like being good with money. 644 00:18:20,120 --> 00:18:20,960 It's a journey. 645 00:18:20,960 --> 00:18:22,120 It's a destination. 646 00:18:22,120 --> 00:18:25,280 It's about constantly like learning and growing. 647 00:18:25,280 --> 00:18:27,640 Right, it's not about being perfect. 648 00:18:27,640 --> 00:18:29,640 It's about making progress. 649 00:18:29,640 --> 00:18:31,840 Exactly, so keep learning, stay curious. 650 00:18:31,840 --> 00:18:33,320 Yeah, keep that growth mindset. 651 00:18:33,320 --> 00:18:34,160 Exactly. 652 00:18:34,160 --> 00:18:36,760 All right, this has been a fascinating deep dive. 653 00:18:36,760 --> 00:18:37,800 It really has, yeah. 654 00:18:37,800 --> 00:18:40,960 I think we've given everyone a lot to think about. 655 00:18:40,960 --> 00:18:41,800 Lots to chew on. 656 00:18:41,800 --> 00:18:44,960 We covered, you know, the psychology of spending 657 00:18:44,960 --> 00:18:47,920 to some of those advanced strategies 658 00:18:47,920 --> 00:18:51,200 and how to make sure your credit cards are like 659 00:18:51,200 --> 00:18:52,760 supporting your goals. 660 00:18:52,760 --> 00:18:53,600 Absolutely. 661 00:18:53,600 --> 00:18:57,200 So to everyone listening, keep exploring. 662 00:18:57,200 --> 00:18:58,040 Yes. 663 00:18:58,040 --> 00:18:59,040 Keep experimenting. 664 00:18:59,040 --> 00:18:59,880 Yeah. 665 00:18:59,880 --> 00:19:01,800 Figure out what works best for you. 666 00:19:01,800 --> 00:19:03,400 Exactly, your journey is unique. 667 00:19:03,400 --> 00:19:05,080 Yeah, there's no one size fits all. 668 00:19:05,080 --> 00:19:05,920 Right. 669 00:19:05,920 --> 00:19:07,760 Thanks for joining us on this deep dive. 670 00:19:07,760 --> 00:19:08,600 Thanks everyone. 671 00:19:08,600 --> 00:19:09,520 And until next time. 672 00:19:09,520 --> 00:19:10,520 See you then. 673 00:19:10,520 --> 00:19:18,760 Stay curious and keep learning.