<v Speaker 1>Jarre, You Katy and Josh Mix one hundred.

<v Speaker 2>There's a new report out this morning that the average

<v Speaker 2>American spends roughly forty eight percent of their paycheck within

<v Speaker 2>the first forty eight hours of getting it.

<v Speaker 3>Well, yeah, you gotta pay rent, just gother it.

<v Speaker 2>Five percent of the paycheck is gone within the first

<v Speaker 2>twelve hours.

<v Speaker 4>Yeah. They say.

<v Speaker 2>It's especially true amongst the millennials, who spend money faster

<v Speaker 2>than any other generation out there. Most of that spending

<v Speaker 2>goes towards groceries and necessities as soon as you get

<v Speaker 2>the paycheck. Bills do within the week major obligations like

<v Speaker 2>rent or credit cards, and a lot of people are

<v Speaker 2>just knocking out the smaller bills such as utilities and

<v Speaker 2>the four hundred subscription services that you have.

<v Speaker 1>But that's good man, that's eye opening, isn't it.

<v Speaker 2>The first forty eight hours, let's just round up fifty

<v Speaker 2>percent of your paycheck poof gonzo.

<v Speaker 5>Well, and I know for me, it's because when I

<v Speaker 5>get paid, my first order of business is to pay

<v Speaker 5>the people. Right, because I'm gonna forget, I'm gonna it's

<v Speaker 5>gonna fall through the cracks.

<v Speaker 3>It's me.

<v Speaker 5>I am responsible for me. There's only me, so I've

<v Speaker 5>got to get it done. And if I don't do

<v Speaker 5>it right away, I'll forget. And I yeah, So the

<v Speaker 5>forty eight hours makes sense to me because the minute

<v Speaker 5>I get paid, I've got to pay my bills.

<v Speaker 3>So I'm ahead of the gate.

<v Speaker 2>Do not do autopay, not for a lot of it.

<v Speaker 2>I don't either. I don't like people going into my

<v Speaker 2>account taking it. I will give you the money.

<v Speaker 5>I want to do it when I I mean, there

<v Speaker 5>are things that I do auto pay just because they

<v Speaker 5>give you a discount. But I, yeah, there's a lot

<v Speaker 5>of time I go in and I do it. And

<v Speaker 5>also because our paychecks don't fall on the same day

<v Speaker 5>every month, they fall every other and so I just

<v Speaker 5>want to make sure that I'm paying things on time,

<v Speaker 5>in full and avoidable.

<v Speaker 6>What about Jared, what about little things like Okay, your

<v Speaker 6>Netflix account, that's what you know, twenty bucks a month?

<v Speaker 6>Are you still like you're making sure you pay that

<v Speaker 6>every month?

<v Speaker 3>Like you're going in to physically pay it. It's on auto.

<v Speaker 2>Pay auto bills me, which goes onto a credit card.

<v Speaker 1>Then I pay the credit card.

<v Speaker 4>Okay, See that makes sense. I got you.

<v Speaker 5>Okay, so that makes sense, but yeah, no, and it's

<v Speaker 5>it's definitely I understand why people are showing out so much. Mind,

<v Speaker 5>we just had another story today. Did we want to

<v Speaker 5>get to that about the insurance it's local. Yeah, yeah,

<v Speaker 5>they talked about the Colorado Department of Insurance. They released

<v Speaker 5>some numbers on Monday that talked about twenty twenty six

<v Speaker 5>Colorado healthsurance. Health insurance premiums they're gonna double this upcoming year. Yeah,

<v Speaker 5>so in the individual marketplace, you're gonna see an average

<v Speaker 5>premium increase of one hundred and one percent or double

<v Speaker 5>the premium costs. And you know, the government shut down.

<v Speaker 5>All this stuff has to do with it. But also

<v Speaker 5>just living in Colorado, it is expensive, and with the

<v Speaker 5>fires and you know, people breaking into cars and everything exact. Yeah,

<v Speaker 5>hail is huge. It increases our rate so much. And yeah,

<v Speaker 5>they just released on Monday that the average colorad In

<v Speaker 5>is going to see a huge increase in their health

<v Speaker 5>insurance premium.

<v Speaker 1>So that's fun.

<v Speaker 5>This coupled with everything else, I understand why a lot

<v Speaker 5>of people are probably like, when you get those bills

<v Speaker 5>for the month, I need to see how much is

<v Speaker 5>going out, just.

<v Speaker 3>To see how much I have left, right, Yeah, what's

<v Speaker 3>it gonna be? Is it gonna be a ram and

<v Speaker 3>noodle kind of week? Are we gonna get some actual

<v Speaker 3>protein up in here?

<v Speaker 5>Right?

<v Speaker 4>Yeah?

<v Speaker 2>For a lot of people, it's like what is going

<v Speaker 2>to be left when it's all said and done.

<v Speaker 5>So I understand why it's you got to get that

<v Speaker 5>out right away fifty percent.

<v Speaker 4>Well, I's why were you.

<v Speaker 1>I wouldn't buy a house, Katie.

<v Speaker 3>I'm not going to How funny are we ready to get?

<v Speaker 5>Well?

<v Speaker 4>Yeah?

<v Speaker 2>I mean Katie's been renting for quite a while, and

<v Speaker 2>I know a lot of her friends are really pressuring

<v Speaker 2>her to buy a house. Yeah, and you know, if

<v Speaker 2>you're struggling and things are tight, I don't know if

<v Speaker 2>I would do that.

<v Speaker 4>No.

<v Speaker 3>Well, and it's not only just that.

<v Speaker 5>And it's funny because I got an email from a listener, Sierra,

<v Speaker 5>and I don't think I have ever related to an

<v Speaker 5>email so much because we are in the same boat.

<v Speaker 3>And she just says, I love listening to you all

<v Speaker 3>my way to work.

<v Speaker 5>Seriously, Katie, I hear you talking about renting, So I

<v Speaker 5>need you to help me out here. Please tell me

<v Speaker 5>I'm not crazy. I'm in my early forties, single, and

<v Speaker 5>I've been renting my whole adult life. I like my apartment,

<v Speaker 5>I like my neighborhood, and honestly, I like not being

<v Speaker 5>tied down to a mortgage or the stress that comes

<v Speaker 5>with owning a house. Now lately, it feels like everyone

<v Speaker 5>around me, family, friends, even some coworkers, they've got something

<v Speaker 5>to say about it, and they all keep telling me

<v Speaker 5>that it's time to buy a home, like I've missed

<v Speaker 5>out on some kind of milestone.

<v Speaker 3>My mom keeps saying you're.

<v Speaker 5>Throwing away money on rent, and even my friends talking

<v Speaker 5>about building equity like it's the only path to financial success.

<v Speaker 5>So she says, this is where I relate so much.

<v Speaker 5>I see a homeowner friends constantly dealing with repairs, maintenance,

<v Speaker 5>new roofs, broken appliances. Feels like a never ending money pit. Meanwhile,

<v Speaker 5>I like being able to pack up and go spend

<v Speaker 5>my money on travel, concerts, experiences that make me feel like.

<v Speaker 3>I'm alive, so she said.

<v Speaker 5>Sierra says, I've made it this far without owning property,

<v Speaker 5>and I don't feel like I'm missing out. I've got

<v Speaker 5>money saved, I just get to spend it on the

<v Speaker 5>things I like.

<v Speaker 1>She wrote a book what do you think.

<v Speaker 5>Am I being smart with my priorities or should I

<v Speaker 5>finally give in and buy a house.

<v Speaker 4>Let me know.

<v Speaker 3>I'll be listening to Sierra, but she has said.

<v Speaker 2>On the head it is very expensive. It's nice to

<v Speaker 2>I will say for you. If something goes wrong, your

<v Speaker 2>heater goes out, something, they call you, call your landlord.

<v Speaker 2>We had a summer we called it the Summer from Hell. Yeah,

<v Speaker 2>where our furnace went out, our ac went out, the

<v Speaker 2>hot water went out. We found out that our deck

<v Speaker 2>had rotted, and then there was like two other things

<v Speaker 2>that happened that summer. And it was like a forty

<v Speaker 2>thousand dollars summer for us forty into the house that summer.

<v Speaker 4>That's sad to me.

<v Speaker 3>That would wipe me out, literally take all of my savings.

<v Speaker 5>Most of Americans, it'd be a ram and noodle lifetime

<v Speaker 5>at that point because I just wouldn't be able to

<v Speaker 5>turn it around. Like and that's what scares me. And

<v Speaker 5>it's not only that. It's again like I've done work

<v Speaker 5>in where I have some money tucked away, I have

<v Speaker 5>a savings, I have a little nest egg, and all

<v Speaker 5>of my friends especially there's something with like housing rates

<v Speaker 5>and whatever, and please don't text.

<v Speaker 3>Me and tell me I need to take advantage of

<v Speaker 3>housing rights.

<v Speaker 5>In Colorado right now, just because they they think that

<v Speaker 5>right now I need to take the money that I've

<v Speaker 5>saved and put it down on a house that then

<v Speaker 5>I could possibly put more money into. Right And in

<v Speaker 5>my mind, I'm like, I've worked so hard to save

<v Speaker 5>this money.

<v Speaker 3>I have enough money for rent.

<v Speaker 5>I am very comfortable, like I want to just keep

<v Speaker 5>saving this money. I want to keep putting money towards it,

<v Speaker 5>and so like i'd like the idea of having a

<v Speaker 5>little bit of wiggle room. And I just feel like

<v Speaker 5>the minute I buy a house one, I'm probably gonna

<v Speaker 5>end up in a place that I don't feel safe.

<v Speaker 5>I don't feel comfortable for what I can afford. I'm

<v Speaker 5>a single income person, so it's not like I'm gonna

<v Speaker 5>be finding a town home in Highland's Ranch by any means. Like,

<v Speaker 5>I'm probably gonna end up in a way less safe

<v Speaker 5>place with way less space, period. And so I just

<v Speaker 5>I've been struggling with this because I do feel sometimes

<v Speaker 5>like people look down on me in a way because

<v Speaker 5>I don't own a home, and I don't think that's

<v Speaker 5>fair because I think that everybody has a different journey

<v Speaker 5>path in life, right Like I have moved in my

<v Speaker 5>adult life. I have moved from North Dakota to Colorado,

<v Speaker 5>back from Colorado to North Dakota, back from North Dakota

<v Speaker 5>to Colorado, and then within the state from montros to

<v Speaker 5>Grand Junction to Denver.

<v Speaker 1>The metro region. It totally gives you the freedom to

<v Speaker 1>do that.

<v Speaker 5>In our industry, I've had to move around. It wasn't

<v Speaker 5>choice for me. So it's just like, I feel like

<v Speaker 5>we are in a stage of our lives where the

<v Speaker 5>next generation coming up. I don't know if it's going

<v Speaker 5>to be in the forecast for all of them to

<v Speaker 5>be able to buy home.

<v Speaker 1>Absolutely, what do you think I'm finishing my basement.

<v Speaker 3>I think the kids are gonna I know, and that's

<v Speaker 3>the thing, and so for me, I.

<v Speaker 1>Want to get them down before my mother and law

<v Speaker 1>takes it.

<v Speaker 7>And I felt like with Sierra, she is kind of

<v Speaker 7>asking the same thing, like like, how do I tell

<v Speaker 7>my friends that I'm but that's they they're worried about you.

<v Speaker 1>Just everything you just said. Be like, I'm fine with

<v Speaker 1>what I'm doing.

<v Speaker 6>I don't like to worry that you looking down on

<v Speaker 6>someone for owning an apartment or having an apartment or whatever.

<v Speaker 4>That's the dumbest thing I've ever heard. Like, I don't go.

<v Speaker 3>Too, Josh.

<v Speaker 5>I think so too, and I think that like the

<v Speaker 5>way the world is going, we don't think. I feel

<v Speaker 5>like thinking everyone needs to be on the same timeline

<v Speaker 5>is a little ridiculous.

<v Speaker 6>Like, well, I do think costs eventually even out, Like, yeah,

<v Speaker 6>you own your home, you have the equity, you have

<v Speaker 6>all that stuff, but the things that you have to

<v Speaker 6>pay for when everything breaks, you are in charge of that.

<v Speaker 6>And yeah, maybe rent is more expensive, but at the

<v Speaker 6>same time, you get your water heater breaks, you just

<v Speaker 6>put in a work order for him.

<v Speaker 2>As long as you're taking the amount that you would

<v Speaker 2>set aside or use every month for home repairs and

<v Speaker 2>home maintenance and take that and throw it into an account. Yeah,

<v Speaker 2>that builds equity, like you're gonna be sitting pretty Yeah,

<v Speaker 2>so instead of putting it into your house.

<v Speaker 1>You got it an account that you're making money on.

<v Speaker 5>Well, and not only that, but I look at the

<v Speaker 5>time you guys put into your housing projects.

<v Speaker 4>It's a lot.

<v Speaker 1>It's constantly something.

<v Speaker 5>Yeah, you were just talking about you and reed getting

<v Speaker 5>all dressed up to do electrical and you know, insulate

<v Speaker 5>your basement.

<v Speaker 1>You know, I'm getting I get that sweat equity.

<v Speaker 5>But for me again, like I have a friend who

<v Speaker 5>all of his spare time is spent keeping up his

<v Speaker 5>massive house, Like that's what he gets to do on

<v Speaker 5>the weekends.

<v Speaker 3>I like to go hiking, I like to be out

<v Speaker 3>in the nature.

<v Speaker 4>I don't.

<v Speaker 2>And that's the thing for where you are. You don't

<v Speaker 2>do home improvement and stuff. This is perfect for you.

<v Speaker 5>Yeah, So, like so many things, I'm factoring in until off.

<v Speaker 5>But it is it's family, it's friends, it's co workers,

<v Speaker 5>it is everybody. And if I tell everybody to buzz off,

<v Speaker 5>I'm not going to have any.

<v Speaker 3>Of those Like they're all going to be well.

<v Speaker 5>It just like I think that there's a way to

<v Speaker 5>approach all this that we can, you know, talk about

<v Speaker 5>how it's like, this is what's right for me right now,

<v Speaker 5>right like and for people like my lease is up

<v Speaker 5>in April, and that's what I'm not No, I'm just saying,

<v Speaker 5>like I want you to stay there.

<v Speaker 3>I love it.

<v Speaker 5>I love renting, I love my apartment. I love where

<v Speaker 5>I'm at. I feel like I've worked so hard to

<v Speaker 5>get where I'm at that changing all that up is

<v Speaker 5>like it's not going to benefit me, you know. So

<v Speaker 5>it's just it's something I've been kind of tossing around

<v Speaker 5>just because a lot of people have been coming at me.

<v Speaker 3>So I'm just like, how do you tell them?

<v Speaker 1>No?

<v Speaker 4>No?

<v Speaker 5>But I am good like, and I think it's okay

<v Speaker 5>for me where I'm at the age i'm at that

<v Speaker 5>I sho like owning a home doesn't like give me

<v Speaker 5>some kind of stature.

<v Speaker 2>It's nice that you don't have a yard to take

<v Speaker 2>a care to. I mean not even mentioning the house

<v Speaker 2>the yard, like oh my god, the mowing and the

<v Speaker 2>maintenance sit comes with the yard.

<v Speaker 1>And think about it, that's not for you.

<v Speaker 6>Every time there is a massive snowstorm and he is

<v Speaker 6>out shoveling. Now just get to sit in your little

<v Speaker 6>warm apartment and watch someone else take care of it.

<v Speaker 1>No, that's it.

<v Speaker 4>That is amazing.

<v Speaker 3>That's it.

<v Speaker 5>Come. I think like when you just think about all

<v Speaker 5>those things, like how much time people put into the

<v Speaker 5>labor of taking care of a home and the home surroundings,

<v Speaker 5>I mean, it's just and I don't want.

<v Speaker 3>To do that and That's the thing.

<v Speaker 5>I love that somebody mentioned house poor, because that's where

<v Speaker 5>when I think about buying a house, it makes me

<v Speaker 5>so anxious because.

<v Speaker 1>The faucet's gonna break.

<v Speaker 5>You gotta Not only that, but I don't like to

<v Speaker 5>be in a house a lot, like I go there

<v Speaker 5>to sleep. I know you make fun of me for

<v Speaker 5>watching TV and whatnot, but I get I need to

<v Speaker 5>be outside for a good portion of the day. And

<v Speaker 5>I am so worried that I'm gonna buy a house.

<v Speaker 5>I'm gonna end up putting all of my money into

<v Speaker 5>this house. And when I'm gonna be stuck in the house,

<v Speaker 5>you will.

<v Speaker 1>I'm already thinking.

<v Speaker 2>About paint next Year's got thousands of dollars to paint.

<v Speaker 2>I got a master bathroom to redo.

<v Speaker 4>How many years has it been since you redid your

<v Speaker 4>roof chair? See roof's fine, I guess coming up though,

<v Speaker 4>it always coming.

<v Speaker 5>Up though for that, Yeah, that's gonna get all my money.

<v Speaker 5>And then I don't get new boots and I don't

<v Speaker 5>have gas. You like goats with the first I like boots.

<v Speaker 3>I'd like food.

<v Speaker 2>I just I just wrote in and says I'm actually

<v Speaker 2>jealous of Katie right now, because I feel like we

<v Speaker 2>are broke because of the house and all the money

<v Speaker 2>sucks that comes with it.

<v Speaker 6>Even I mean Katie, even Chelsea, I mean she says,

<v Speaker 6>you know, screw buying a house is a single mom.

<v Speaker 6>Like there's so many different reasons. And I know, like

<v Speaker 6>your daughter's now a little bit older and she's out

<v Speaker 6>of the house. I get that, but that would have

<v Speaker 6>been so tough years ago. You're trying to buy a

<v Speaker 6>house as a single mom, Like that's impossible.

<v Speaker 5>And a big argument honestly, Like I have someone whose

<v Speaker 5>main argument is, well, when you're gone, what are you

<v Speaker 5>going to pass down to Zoe.

<v Speaker 3>I'm pretty sure.

<v Speaker 5>Zoe doesn't need a town home in park Hill, you

<v Speaker 5>know what, I mean to add to her collection, because

<v Speaker 5>I just don't think that you're gonna.

<v Speaker 1>Leave those boots.

<v Speaker 5>I know she's gonna get a whole book collection that

<v Speaker 5>she we wear the same time.

<v Speaker 1>We have a six hundred thousand dollars town house. Give

<v Speaker 1>me those boots.

<v Speaker 3>We wear the same size shoe. It's actually quite practical.

<v Speaker 4>But no, that's sticking.

<v Speaker 5>The arguments is that I don't have anything to pass

<v Speaker 5>down to my account.

<v Speaker 2>The money that you're putting in those accounts instead of

<v Speaker 2>putting them into your house.

<v Speaker 5>Yeah, you put the money in, so that's good advice, right,

<v Speaker 5>Instead of taking money for a new water heater every month,

<v Speaker 5>I'm putting away five hundred and six hundred bucks, right,

<v Speaker 5>this is what I would, but that's what I'm doing

<v Speaker 5>right now. So it's like, I just want to keep

<v Speaker 5>doing that and keep seeing my bank account savings grow

<v Speaker 5>and not have to put that down on a home

<v Speaker 5>that I don't want to be in.

<v Speaker 3>You don't have to, don't okay, okay, good, I don't

<v Speaker 3>want to.

<v Speaker 4>Don't feel better off your chest. I'm not a breath.

<v Speaker 2>I know I did you do all that just because

<v Speaker 2>you know that? People they give you crap about it.

<v Speaker 2>Listen to the show and you just are like, I

<v Speaker 2>gotta go in the air today.

<v Speaker 3>Event, thank you for letting me do that.

<v Speaker 4>This will be a podcast. You can send it to

<v Speaker 4>whoever you want.

<v Speaker 3>I might I'm sentence to my mom.

<v Speaker 4>Oh a mom issue.

<v Speaker 5>Oh she's on me all that and she doesn't. She

<v Speaker 5>lives in North Dakota where the home prices.

<v Speaker 3>Are way lower.

<v Speaker 4>Pay you to get there, exactly like it.

<v Speaker 1>When she grows, that house is gonna be worth ten, grandy.

<v Speaker 3>It's such a.

<v Speaker 5>Different situation, you know, and so like, yeah, I just

<v Speaker 5>I appreciate you guys listening because I do feel like.

<v Speaker 1>I didn't have a choice. I have to things over here.

<v Speaker 3>I feel like I have to defend my.

<v Speaker 5>Position in this so much, and so I appreciate that

<v Speaker 5>everyone on the text line, thank you. I am going

<v Speaker 5>to pass down the savings.

<v Speaker 4>Oh, okay to who me over there.

<v Speaker 5>I think I'm okay, right, all right, tuck it out, Jared,

<v Speaker 5>Oh was it good for you?

<v Speaker 4>It was good for me.

<v Speaker 2>If you ever want to sit down and talk about

<v Speaker 2>where you think your money should be, though, let me know.

<v Speaker 4>I'm good at all that.

<v Speaker 1>I'm really good, I am. I'm he mad at it.

<v Speaker 4>I'm he mad at it.

<v Speaker 2>So no, in all seriousness, I need help. If you

<v Speaker 2>need help with all that, let me know, Okay,