{"version":"1.0.0","segments":[{"speaker":"Average Joe Finances","startTime":0.616,"endTime":1.636,"body":"Hey,"},{"speaker":"Average Joe Finances","startTime":0.616,"endTime":1.636,"body":"how's it going everybody?"},{"speaker":"Average Joe Finances","startTime":1.636,"endTime":4.996,"body":"So today's guest is Robert"},{"speaker":"Average Joe Finances","startTime":1.636,"endTime":4.996,"body":"Schulz and he is the founder and"},{"speaker":"Average Joe Finances","startTime":4.996,"endTime":6.616,"body":"president of Schulz wealth, LTD."},{"speaker":"Average Joe Finances","startTime":7.306,"endTime":13.745,"body":"Named on Investopedia is list of top"},{"speaker":"Average Joe Finances","startTime":7.306,"endTime":13.745,"body":"100 financial advisors in 2019 and 2017."},{"speaker":"Average Joe Finances","startTime":14.196,"endTime":17.419,"body":"Rob is also a former instructor for"},{"speaker":"Average Joe Finances","startTime":14.196,"endTime":17.419,"body":"the certified financial planner,"},{"speaker":"Average Joe Finances","startTime":17.419,"endTime":21.829,"body":"the CFP certificate program at the"},{"speaker":"Average Joe Finances","startTime":17.419,"endTime":21.829,"body":"university of Texas at Arlington"},{"speaker":"Average Joe Finances","startTime":21.829,"endTime":23.419,"body":"and Texas Christian university."},{"speaker":"Average Joe Finances","startTime":24.079,"endTime":25.519,"body":"Born in Taylor, Texas."},{"speaker":"Average Joe Finances","startTime":25.699,"endTime":29.569,"body":"Rob attended the university of"},{"speaker":"Average Joe Finances","startTime":25.699,"endTime":29.569,"body":"Texas on a Navy ROTC scholarship"},{"speaker":"Average Joe Finances","startTime":29.809,"endTime":32.852,"body":"where he received his bachelor's in"},{"speaker":"Average Joe Finances","startTime":29.809,"endTime":32.852,"body":"accounting while serving on board a"},{"speaker":"Average Joe Finances","startTime":32.852,"endTime":34.572,"body":"ship as a surface warfare officer."},{"speaker":"Average Joe Finances","startTime":34.922,"endTime":35.492,"body":"Go Navy."},{"speaker":"Average Joe Finances","startTime":35.942,"endTime":39.782,"body":"He found his calling counseling"},{"speaker":"Average Joe Finances","startTime":35.942,"endTime":39.782,"body":"sailors on desperately needed personal"},{"speaker":"Average Joe Finances","startTime":39.782,"endTime":41.792,"body":"finance and money management issues."},{"speaker":"Average Joe Finances","startTime":42.062,"endTime":44.882,"body":"This is definitely something I want"},{"speaker":"Average Joe Finances","startTime":42.062,"endTime":44.882,"body":"to talk about later because I see"},{"speaker":"Average Joe Finances","startTime":44.882,"endTime":46.172,"body":"this all the time, too, in the Navy."},{"speaker":"Average Joe Finances","startTime":46.193,"endTime":49.423,"body":"Today Rob lives in Mansfield,"},{"speaker":"Average Joe Finances","startTime":46.193,"endTime":49.423,"body":"Texas, with his wife, Shelly."},{"speaker":"Average Joe Finances","startTime":49.633,"endTime":54.733,"body":"He's a proud father of four and is an avid"},{"speaker":"Average Joe Finances","startTime":49.633,"endTime":54.733,"body":"sportsman, woodworker and civic leader."},{"speaker":"Average Joe Finances","startTime":55.633,"endTime":60.438,"body":"For more than 25 years, Rob has been"},{"speaker":"Average Joe Finances","startTime":55.633,"endTime":60.438,"body":"committed to helping everyday people"},{"speaker":"Average Joe Finances","startTime":60.678,"endTime":65.298,"body":"take control of their money and"},{"speaker":"Average Joe Finances","startTime":60.678,"endTime":65.298,"body":"attain real world financial success."},{"speaker":"Average Joe Finances","startTime":65.538,"endTime":67.968,"body":"So, Rob, I am super excited"},{"speaker":"Average Joe Finances","startTime":65.538,"endTime":67.968,"body":"to have you on the show."},{"speaker":"Average Joe Finances","startTime":67.968,"endTime":69.038,"body":"Thanks for joining me today."},{"speaker":"Rob Shulz","startTime":69.698,"endTime":71.088,"body":"Yeah Mike"},{"speaker":"Rob Shulz","startTime":69.698,"endTime":71.088,"body":",it's great to be here."},{"speaker":"Rob Shulz","startTime":71.088,"endTime":71.578,"body":"Thank you."},{"speaker":"Rob Shulz","startTime":71.628,"endTime":73.008,"body":"Thanks for that great introduction."},{"speaker":"Rob Shulz","startTime":73.008,"endTime":73.848,"body":"That's that's awesome."},{"speaker":"Average Joe Finances","startTime":74.319,"endTime":75.849,"body":"Hey,"},{"speaker":"Average Joe Finances","startTime":74.319,"endTime":75.849,"body":"you got an awesome background."},{"speaker":"Average Joe Finances","startTime":75.849,"endTime":77.469,"body":"So I got to talk about"},{"speaker":"Average Joe Finances","startTime":75.849,"endTime":77.469,"body":"that a little bit, right?"},{"speaker":"Average Joe Finances","startTime":77.521,"endTime":81.329,"body":"So speaking of your background, I'd like"},{"speaker":"Average Joe Finances","startTime":77.521,"endTime":81.329,"body":"to dive a little bit more into that."},{"speaker":"Average Joe Finances","startTime":81.329,"endTime":84.604,"body":"And this is the same question I ask"},{"speaker":"Average Joe Finances","startTime":81.329,"endTime":84.604,"body":"every guest that comes on the show."},{"speaker":"Average Joe Finances","startTime":84.604,"endTime":86.895,"body":"And I want to know a"},{"speaker":"Average Joe Finances","startTime":84.604,"endTime":86.895,"body":"little bit more about you."},{"speaker":"Average Joe Finances","startTime":86.895,"endTime":90.225,"body":"So if you could share a little bit more"},{"speaker":"Average Joe Finances","startTime":86.895,"endTime":90.225,"body":"about yourself and share your story,"},{"speaker":"Average Joe Finances","startTime":90.555,"endTime":93.885,"body":"you maybe maybe go a little bit deeper"},{"speaker":"Average Joe Finances","startTime":90.555,"endTime":93.885,"body":"than the background that I provided, but"},{"speaker":"Average Joe Finances","startTime":93.915,"endTime":95.275,"body":"how did this all get started for you."},{"speaker":"Rob Shulz","startTime":96.765,"endTime":97.125,"body":"Yeah."},{"speaker":"Rob Shulz","startTime":97.155,"endTime":103.089,"body":", and, and  really, it first got started and"},{"speaker":"Rob Shulz","startTime":97.155,"endTime":103.089,"body":"I tell the story in, in my book about when"},{"speaker":"Rob Shulz","startTime":103.089,"endTime":108.779,"body":"I was 12 years old, my dad taught me about"},{"speaker":"Rob Shulz","startTime":103.089,"endTime":108.779,"body":"the, the magic of the time value of money."},{"speaker":"Rob Shulz","startTime":109.199,"endTime":109.849,"body":"And I remember."},{"speaker":"Rob Shulz","startTime":110.459,"endTime":111.059,"body":"12."},{"speaker":"Rob Shulz","startTime":111.149,"endTime":115.829,"body":"And it was, it was kind of"},{"speaker":"Rob Shulz","startTime":111.149,"endTime":115.829,"body":"life-changing since that point forward."},{"speaker":"Rob Shulz","startTime":115.829,"endTime":119.779,"body":"I always, always, if I had a calculator,"},{"speaker":"Rob Shulz","startTime":115.829,"endTime":119.779,"body":"I play around with it, put, put"},{"speaker":"Rob Shulz","startTime":119.799,"endTime":124.419,"body":"money in, put a return on it, see how"},{"speaker":"Rob Shulz","startTime":119.799,"endTime":124.419,"body":"many years it took to get to, , half"},{"speaker":"Rob Shulz","startTime":124.419,"endTime":126.229,"body":"a million or whatever it may be."},{"speaker":"Rob Shulz","startTime":126.229,"endTime":130.55,"body":"But then I as he, as he"},{"speaker":"Rob Shulz","startTime":126.229,"endTime":130.55,"body":"mentioned, I was a Naval officer"},{"speaker":"Rob Shulz","startTime":130.64,"endTime":132.74,"body":"on a, on a ship, John Rogers."},{"speaker":"Rob Shulz","startTime":133.52,"endTime":138.608,"body":"And when I got to my ship is in the"},{"speaker":"Rob Shulz","startTime":133.52,"endTime":138.608,"body":"yards and The really, the first thing"},{"speaker":"Rob Shulz","startTime":138.638,"endTime":144.518,"body":"I ever did as a, as an officer was I"},{"speaker":"Rob Shulz","startTime":138.638,"endTime":144.518,"body":"had, I had a young radiomen who had"},{"speaker":"Rob Shulz","startTime":144.518,"endTime":150.848,"body":"gone and bought a car, , tote the note"},{"speaker":"Rob Shulz","startTime":144.518,"endTime":150.848,"body":"at like, I don't know, it was like 27%"},{"speaker":"Rob Shulz","startTime":151.028,"endTime":153.068,"body":"interest and he couldn't afford it."},{"speaker":"Rob Shulz","startTime":153.843,"endTime":157.323,"body":"So first thing I did, he and I"},{"speaker":"Rob Shulz","startTime":153.843,"endTime":157.323,"body":"went back to that, a tote, the"},{"speaker":"Rob Shulz","startTime":157.323,"endTime":159.193,"body":"note place and got his money back."},{"speaker":"Rob Shulz","startTime":159.228,"endTime":163.992,"body":"And from that point forward, I started"},{"speaker":"Rob Shulz","startTime":159.228,"endTime":163.992,"body":"learning that that wow, , these guys"},{"speaker":"Rob Shulz","startTime":163.992,"endTime":166.032,"body":"are, are getting preyed on a little bit."},{"speaker":"Rob Shulz","startTime":166.122,"endTime":169.777,"body":"And and having the background"},{"speaker":"Rob Shulz","startTime":166.122,"endTime":169.777,"body":"that I had, I was, I was able to"},{"speaker":"Rob Shulz","startTime":169.777,"endTime":171.907,"body":"find a way to help these guys."},{"speaker":"Rob Shulz","startTime":171.907,"endTime":174.967,"body":"And, and that's when I really started"},{"speaker":"Rob Shulz","startTime":171.907,"endTime":174.967,"body":"thinking after I got out of the Navy,"},{"speaker":"Rob Shulz","startTime":174.967,"endTime":178.357,"body":"that maybe that's what I wanted to do"},{"speaker":"Rob Shulz","startTime":174.967,"endTime":178.357,"body":"was, was help people with their finances."},{"speaker":"Average Joe Finances","startTime":180.442,"endTime":183.182,"body":"Right on you, , that"},{"speaker":"Average Joe Finances","startTime":180.442,"endTime":183.182,"body":"story that, that you described right"},{"speaker":"Average Joe Finances","startTime":183.182,"endTime":185.492,"body":"there with the young radio men, right."},{"speaker":"Average Joe Finances","startTime":185.492,"endTime":189.752,"body":"Getting a 27% interest rate, , would you"},{"speaker":"Average Joe Finances","startTime":185.492,"endTime":189.752,"body":"be shocked if I told you that that's still"},{"speaker":"Average Joe Finances","startTime":189.752,"endTime":191.594,"body":"happening to our young sailors today?"},{"speaker":"Average Joe Finances","startTime":191.594,"endTime":194.933,"body":", especially where, where was,"},{"speaker":"Average Joe Finances","startTime":191.594,"endTime":194.933,"body":"where was the John Roberts at?"},{"speaker":"Rob Shulz","startTime":195.593,"endTime":200.573,"body":"The John Rogers class"},{"speaker":"Rob Shulz","startTime":195.593,"endTime":200.573,"body":"destroyer at the time we were in a Metro"},{"speaker":"Rob Shulz","startTime":200.573,"endTime":203.621,"body":"machine shipyards in Norfolk, Virginia."},{"speaker":"Average Joe Finances","startTime":204.256,"endTime":204.586,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":204.646,"endTime":204.946,"body":"Yep."},{"speaker":"Average Joe Finances","startTime":205.486,"endTime":210.346,"body":"So that is a very common practice"},{"speaker":"Average Joe Finances","startTime":205.486,"endTime":210.346,"body":"in Norfolk because Virginia doesn't"},{"speaker":"Average Joe Finances","startTime":210.346,"endTime":213.946,"body":"have any laws to stop these car"},{"speaker":"Average Joe Finances","startTime":210.346,"endTime":213.946,"body":"dealerships from doing that."},{"speaker":"Rob Shulz","startTime":214.616,"endTime":216.896,"body":"I can't believe they"},{"speaker":"Rob Shulz","startTime":214.616,"endTime":216.896,"body":"still don't have, I mean, I knew"},{"speaker":"Rob Shulz","startTime":216.896,"endTime":220.106,"body":"that at the time they had no usury"},{"speaker":"Rob Shulz","startTime":216.896,"endTime":220.106,"body":"laws whatsoever and they still don't."},{"speaker":"Rob Shulz","startTime":220.196,"endTime":220.496,"body":"Wow."},{"speaker":"Rob Shulz","startTime":220.706,"endTime":221.246,"body":"That's amazing."},{"speaker":"Average Joe Finances","startTime":221.311,"endTime":222.294,"body":"At least let me see."},{"speaker":"Average Joe Finances","startTime":222.294,"endTime":226.243,"body":"The last I was stationed in"},{"speaker":"Average Joe Finances","startTime":222.294,"endTime":226.243,"body":"Virginia was I left there 2018 and"},{"speaker":"Average Joe Finances","startTime":226.243,"endTime":227.983,"body":"it was still like that, so, wow."},{"speaker":"Average Joe Finances","startTime":227.993,"endTime":228.404,"body":"But, yeah."},{"speaker":"Average Joe Finances","startTime":228.434,"endTime":231.824,"body":"And, and, and the thing is, these"},{"speaker":"Average Joe Finances","startTime":228.434,"endTime":231.824,"body":"car dealerships, see these sailors"},{"speaker":"Average Joe Finances","startTime":231.824,"endTime":235.494,"body":"come in and they say, well, there's"},{"speaker":"Average Joe Finances","startTime":231.824,"endTime":235.494,"body":"a guaranteed, every two week"},{"speaker":"Average Joe Finances","startTime":235.494,"endTime":237.204,"body":"paycheck, what can you afford?"},{"speaker":"Average Joe Finances","startTime":237.204,"endTime":238.614,"body":"What's your monthly"},{"speaker":"Average Joe Finances","startTime":237.204,"endTime":238.614,"body":"payment you can afford."},{"speaker":"Average Joe Finances","startTime":238.614,"endTime":240.624,"body":"And that's kind of the way that"},{"speaker":"Average Joe Finances","startTime":238.614,"endTime":240.624,"body":"they go to sell it to them."},{"speaker":"Average Joe Finances","startTime":240.66,"endTime":243.007,"body":"And then they don't realize they"},{"speaker":"Average Joe Finances","startTime":240.66,"endTime":243.007,"body":"get like these six, seven year"},{"speaker":"Average Joe Finances","startTime":243.007,"endTime":245.707,"body":"loans at such a high interest rate."},{"speaker":"Average Joe Finances","startTime":245.707,"endTime":248.173,"body":"And they're paying to the point"},{"speaker":"Average Joe Finances","startTime":245.707,"endTime":248.173,"body":"where they, , later on it's, it's"},{"speaker":"Average Joe Finances","startTime":248.173,"endTime":251.443,"body":"so unsustainable that they wind"},{"speaker":"Average Joe Finances","startTime":248.173,"endTime":251.443,"body":"up refinancing and they're paying"},{"speaker":"Average Joe Finances","startTime":251.443,"endTime":253.033,"body":"on this car for almost 10 years."},{"speaker":"Average Joe Finances","startTime":253.583,"endTime":256.915,"body":"Yeah, I mean that you have, the sailors"},{"speaker":"Average Joe Finances","startTime":253.583,"endTime":256.915,"body":"that'll go buy a car like that, but"},{"speaker":"Average Joe Finances","startTime":256.915,"endTime":261.302,"body":"then you also have the ones, that just"},{"speaker":"Average Joe Finances","startTime":256.915,"endTime":261.302,"body":"make a poor decision and they go buy a"},{"speaker":"Average Joe Finances","startTime":261.302,"endTime":263.852,"body":"brand new BMW or something like that."},{"speaker":"Average Joe Finances","startTime":263.852,"endTime":265.292,"body":"That's pretty much their whole paycheck."},{"speaker":"Average Joe Finances","startTime":265.338,"endTime":267.228,"body":"So definitely still"},{"speaker":"Average Joe Finances","startTime":265.338,"endTime":267.228,"body":"seeing stuff like that."},{"speaker":"Average Joe Finances","startTime":267.228,"endTime":272.043,"body":"Knowing that you were talking to these"},{"speaker":"Average Joe Finances","startTime":267.228,"endTime":272.043,"body":"young men and women about, their finances"},{"speaker":"Average Joe Finances","startTime":272.043,"endTime":276.242,"body":"and how to not do this is definitely"},{"speaker":"Average Joe Finances","startTime":272.043,"endTime":276.242,"body":"great to hear because you probably"},{"speaker":"Average Joe Finances","startTime":276.242,"endTime":278.832,"body":"save some sailors, a lot of pain."},{"speaker":"Rob Shulz","startTime":279.518,"endTime":282.608,"body":"Yeah, and , let's not pick"},{"speaker":"Rob Shulz","startTime":279.518,"endTime":282.608,"body":"on sailors too much because since I've"},{"speaker":"Rob Shulz","startTime":282.608,"endTime":287.953,"body":"been, since I've been out of the Navy"},{"speaker":"Rob Shulz","startTime":282.608,"endTime":287.953,"body":"it's, it's very, , most people do that"},{"speaker":"Rob Shulz","startTime":288.013,"endTime":294.263,"body":"and , I'm a financial planner and I"},{"speaker":"Rob Shulz","startTime":288.013,"endTime":294.263,"body":"believe that the reason why people"},{"speaker":"Rob Shulz","startTime":294.263,"endTime":300.533,"body":"do this is because, I mean, we're"},{"speaker":"Rob Shulz","startTime":294.263,"endTime":300.533,"body":"just genetically made up to have what"},{"speaker":"Rob Shulz","startTime":300.533,"endTime":302.493,"body":"we call, I call it short-term bias."},{"speaker":"Rob Shulz","startTime":302.495,"endTime":307.435,"body":"Where, , we're genetically made up"},{"speaker":"Rob Shulz","startTime":302.495,"endTime":307.435,"body":"to prioritize things that are close"},{"speaker":"Rob Shulz","startTime":307.435,"endTime":313.225,"body":"short-term goals over long-term goals,"},{"speaker":"Rob Shulz","startTime":307.435,"endTime":313.225,"body":"even when the short-term goal is not"},{"speaker":"Rob Shulz","startTime":313.225,"endTime":315.325,"body":"near as important as the long-term goal."},{"speaker":"Rob Shulz","startTime":316.135,"endTime":320.575,"body":"And the way I like to describe it is,"},{"speaker":"Rob Shulz","startTime":316.135,"endTime":320.575,"body":"like a long time ago when their saber"},{"speaker":"Rob Shulz","startTime":320.575,"endTime":322.195,"body":"tooth tigers and that sort of thing."},{"speaker":"Rob Shulz","startTime":322.405,"endTime":324.525,"body":"Well, that was, that was a"},{"speaker":"Rob Shulz","startTime":322.405,"endTime":324.525,"body":"short-term threat, right?"},{"speaker":"Rob Shulz","startTime":324.545,"endTime":328.345,"body":"If you didn't deal with that, then"},{"speaker":"Rob Shulz","startTime":324.545,"endTime":328.345,"body":"you, you didn't get to live to"},{"speaker":"Rob Shulz","startTime":328.345,"endTime":330.535,"body":"have kids and so forth past that."},{"speaker":"Rob Shulz","startTime":330.985,"endTime":336.341,"body":"And so there's so many things like"},{"speaker":"Rob Shulz","startTime":330.985,"endTime":336.341,"body":"that in our modern world that that"},{"speaker":"Rob Shulz","startTime":336.341,"endTime":340.1,"body":"work against us when we're really"},{"speaker":"Rob Shulz","startTime":336.341,"endTime":340.1,"body":"trying to be financially successful."},{"speaker":"Rob Shulz","startTime":340.13,"endTime":342.06,"body":"And that's just one of"},{"speaker":"Rob Shulz","startTime":340.13,"endTime":342.06,"body":"them short term bias."},{"speaker":"Average Joe Finances","startTime":343.16,"endTime":343.59,"body":"Right."},{"speaker":"Average Joe Finances","startTime":343.67,"endTime":344.29,"body":"Absolutely."},{"speaker":"Average Joe Finances","startTime":344.305,"endTime":344.605,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":344.635,"endTime":346.825,"body":"And again, not trying to pick on sailors."},{"speaker":"Average Joe Finances","startTime":346.825,"endTime":351.055,"body":"It was just, it was a common ground"},{"speaker":"Average Joe Finances","startTime":346.825,"endTime":351.055,"body":"that we both shared and, you're"},{"speaker":"Average Joe Finances","startTime":351.055,"endTime":353.692,"body":"going to see that everywhere, no"},{"speaker":"Average Joe Finances","startTime":351.055,"endTime":353.692,"body":"matter where you go,  with these"},{"speaker":"Average Joe Finances","startTime":353.782,"endTime":355.582,"body":"financial decisions that people make."},{"speaker":"Average Joe Finances","startTime":355.582,"endTime":359.662,"body":"And a lot of it has to do"},{"speaker":"Average Joe Finances","startTime":355.582,"endTime":359.662,"body":"with lack of education, right?"},{"speaker":"Average Joe Finances","startTime":359.662,"endTime":362.362,"body":"They, they just, this isn't something"},{"speaker":"Average Joe Finances","startTime":359.662,"endTime":362.362,"body":"that you really get taught in school,"},{"speaker":"Average Joe Finances","startTime":362.362,"endTime":367.692,"body":"which is probably the worst part about"},{"speaker":"Average Joe Finances","startTime":362.362,"endTime":367.692,"body":"our education system today is they don't"},{"speaker":"Average Joe Finances","startTime":367.692,"endTime":372.853,"body":"really teach personal finance and, and"},{"speaker":"Average Joe Finances","startTime":367.692,"endTime":372.853,"body":"just financial responsibility to our kids."},{"speaker":"Average Joe Finances","startTime":372.853,"endTime":377.623,"body":"We homeschool our kids and financial"},{"speaker":"Average Joe Finances","startTime":372.853,"endTime":377.623,"body":"literacy is part of their curriculum."},{"speaker":"Average Joe Finances","startTime":377.983,"endTime":379.59,"body":"So that is super important."},{"speaker":"Average Joe Finances","startTime":379.6,"endTime":383.6,"body":"I want to make sure my kids understand"},{"speaker":"Average Joe Finances","startTime":379.6,"endTime":383.6,"body":"the value of the dollar and that"},{"speaker":"Average Joe Finances","startTime":383.6,"endTime":385.4,"body":"it takes a lot of work to earn one."},{"speaker":"Average Joe Finances","startTime":385.73,"endTime":388.58,"body":"So you don't want to just go and blow it."},{"speaker":"Rob Shulz","startTime":388.79,"endTime":392.04,"body":"Oh, yeah, Mike, and I"},{"speaker":"Rob Shulz","startTime":388.79,"endTime":392.04,"body":"think that's the answer, you and I"},{"speaker":"Rob Shulz","startTime":392.13,"endTime":396.73,"body":"are not going to fix the education"},{"speaker":"Rob Shulz","startTime":392.13,"endTime":396.73,"body":"system in the United States."},{"speaker":"Rob Shulz","startTime":396.792,"endTime":400.852,"body":"But we can do is we can make"},{"speaker":"Rob Shulz","startTime":396.792,"endTime":400.852,"body":"sure that our kids are getting a"},{"speaker":"Rob Shulz","startTime":400.872,"endTime":402.402,"body":"good education in these things."},{"speaker":"Rob Shulz","startTime":402.432,"endTime":403.782,"body":"I think that's, that's fantastic."},{"speaker":"Average Joe Finances","startTime":403.811,"endTime":405.491,"body":"Well, and"},{"speaker":"Average Joe Finances","startTime":403.811,"endTime":405.491,"body":"the other thing we can do, which is"},{"speaker":"Average Joe Finances","startTime":405.521,"endTime":408.701,"body":"exactly what we're doing right now,"},{"speaker":"Average Joe Finances","startTime":405.521,"endTime":408.701,"body":"having this discussion and the whole"},{"speaker":"Average Joe Finances","startTime":408.701,"endTime":412.811,"body":"reason why I started this podcast"},{"speaker":"Average Joe Finances","startTime":408.701,"endTime":412.811,"body":"is to get the message out there."},{"speaker":"Average Joe Finances","startTime":412.891,"endTime":415.951,"body":"There's a, my audience here, there's a"},{"speaker":"Average Joe Finances","startTime":412.891,"endTime":415.951,"body":"lot of young men and women that listen"},{"speaker":"Average Joe Finances","startTime":415.951,"endTime":420.961,"body":"to this show that are, in a spot where"},{"speaker":"Average Joe Finances","startTime":415.951,"endTime":420.961,"body":"they're going to college and they're"},{"speaker":"Average Joe Finances","startTime":420.961,"endTime":424.021,"body":"racking up student loan debt, or they"},{"speaker":"Average Joe Finances","startTime":420.961,"endTime":424.021,"body":"just graduated college and they have"},{"speaker":"Average Joe Finances","startTime":424.021,"endTime":427.111,"body":"student loan debt, and they're not sure"},{"speaker":"Average Joe Finances","startTime":424.021,"endTime":427.111,"body":"what to do, what the next step should be."},{"speaker":"Average Joe Finances","startTime":427.621,"endTime":431.761,"body":"My hope is that they hear an episode"},{"speaker":"Average Joe Finances","startTime":427.621,"endTime":431.761,"body":"like this one, especially talking with a"},{"speaker":"Average Joe Finances","startTime":431.761,"endTime":436.481,"body":"financial advisor like you, that, it kind"},{"speaker":"Average Joe Finances","startTime":431.761,"endTime":436.481,"body":"of pushes them in the right direction."},{"speaker":"Average Joe Finances","startTime":436.721,"endTime":441.431,"body":"And  if you can make a small change"},{"speaker":"Average Joe Finances","startTime":436.721,"endTime":441.431,"body":"every day in someone's life, then"},{"speaker":"Average Joe Finances","startTime":441.431,"endTime":442.781,"body":"you're making a difference in the world."},{"speaker":"Average Joe Finances","startTime":442.781,"endTime":446.291,"body":"And to me, if I just affect one"},{"speaker":"Average Joe Finances","startTime":442.781,"endTime":446.291,"body":"person, then I'm happy with that."},{"speaker":"Average Joe Finances","startTime":446.389,"endTime":449.649,"body":"So I want to talk about that, like,"},{"speaker":"Average Joe Finances","startTime":446.389,"endTime":449.649,"body":"with what you're doing, because with"},{"speaker":"Average Joe Finances","startTime":449.649,"endTime":453.339,"body":"you being named on Investopedia's"},{"speaker":"Average Joe Finances","startTime":449.649,"endTime":453.339,"body":"list of top 100 financial advisors"},{"speaker":"Average Joe Finances","startTime":453.389,"endTime":458.159,"body":"twice, , in 2019 and 2017, obviously"},{"speaker":"Average Joe Finances","startTime":453.389,"endTime":458.159,"body":"you're doing something really good"},{"speaker":"Average Joe Finances","startTime":458.159,"endTime":459.389,"body":"and you're helping a lot of people."},{"speaker":"Average Joe Finances","startTime":459.899,"endTime":464.478,"body":"So one of the big things right now,"},{"speaker":"Average Joe Finances","startTime":459.899,"endTime":464.478,"body":"that's in today's environment is,"},{"speaker":"Average Joe Finances","startTime":464.528,"endTime":467.948,"body":"we, we just had this pandemic, we're"},{"speaker":"Average Joe Finances","startTime":464.528,"endTime":467.948,"body":"still going through this pandemic."},{"speaker":"Average Joe Finances","startTime":467.948,"endTime":468.248,"body":"Right?"},{"speaker":"Average Joe Finances","startTime":468.758,"endTime":469.418,"body":"So a lot of people."},{"speaker":"Average Joe Finances","startTime":470.468,"endTime":475.627,"body":"Lost their jobs or they weren't able to"},{"speaker":"Average Joe Finances","startTime":470.468,"endTime":475.627,"body":"telework or they, they had to cut hours."},{"speaker":"Average Joe Finances","startTime":475.627,"endTime":477.277,"body":"So they're losing some of their wages."},{"speaker":"Average Joe Finances","startTime":477.697,"endTime":480.067,"body":"What, what do you think is a good way?"},{"speaker":"Average Joe Finances","startTime":480.067,"endTime":485.254,"body":"Or how can somebody like budget"},{"speaker":"Average Joe Finances","startTime":480.067,"endTime":485.254,"body":"smartly during a pandemic like this?"},{"speaker":"Average Joe Finances","startTime":485.314,"endTime":486.224,"body":"What would you recommend?"},{"speaker":"Rob Shulz","startTime":486.253,"endTime":486.973,"body":"Yeah, sure."},{"speaker":"Rob Shulz","startTime":487.003,"endTime":490.843,"body":", the pandemic hit us all just"},{"speaker":"Rob Shulz","startTime":487.003,"endTime":490.843,"body":"straight out of left field and"},{"speaker":"Rob Shulz","startTime":492.058,"endTime":496.442,"body":"if you weren't prepared for it it"},{"speaker":"Rob Shulz","startTime":492.058,"endTime":496.442,"body":"could really have whacked you hard."},{"speaker":"Rob Shulz","startTime":496.469,"endTime":500.999,"body":"And I would say that first thing"},{"speaker":"Rob Shulz","startTime":496.469,"endTime":500.999,"body":"we need to learn from, from it."},{"speaker":"Rob Shulz","startTime":501.269,"endTime":504.929,"body":"And I think our generation will"},{"speaker":"Rob Shulz","startTime":501.269,"endTime":504.929,"body":"be affected by it for the rest of"},{"speaker":"Rob Shulz","startTime":504.929,"endTime":508.378,"body":"our lives is we need to learn that"},{"speaker":"Rob Shulz","startTime":504.929,"endTime":508.378,"body":"we need to be prepared for, , for"},{"speaker":"Rob Shulz","startTime":508.378,"endTime":510.568,"body":"things to happen like that."},{"speaker":"Rob Shulz","startTime":511.078,"endTime":513.838,"body":"And that starts with having cash reserves."},{"speaker":"Rob Shulz","startTime":514.453,"endTime":517.753,"body":"We talk about that"},{"speaker":"Rob Shulz","startTime":514.453,"endTime":517.753,"body":"constantly with our clients."},{"speaker":"Rob Shulz","startTime":517.783,"endTime":521.923,"body":"I mean, every time they come in, first"},{"speaker":"Rob Shulz","startTime":517.783,"endTime":521.923,"body":"question I always have is all right,"},{"speaker":"Rob Shulz","startTime":521.983,"endTime":523.393,"body":"how much cash you got in the bank?"},{"speaker":"Rob Shulz","startTime":523.813,"endTime":528.503,"body":"Because, cause that gives you"},{"speaker":"Rob Shulz","startTime":523.813,"endTime":528.503,"body":"time, , when something bad happens,"},{"speaker":"Rob Shulz","startTime":528.503,"endTime":532.433,"body":"whether it's a pandemic or you"},{"speaker":"Rob Shulz","startTime":528.503,"endTime":532.433,"body":"lose your job or a combination"},{"speaker":"Rob Shulz","startTime":532.433,"endTime":533.993,"body":"of the two or whatever it may be."},{"speaker":"Rob Shulz","startTime":534.503,"endTime":537.773,"body":"It's, it's how much cash that"},{"speaker":"Rob Shulz","startTime":534.503,"endTime":537.773,"body":"you have that gives you the time."},{"speaker":"Rob Shulz","startTime":538.773,"endTime":543.933,"body":", to, to regroup, make decisions"},{"speaker":"Rob Shulz","startTime":538.773,"endTime":543.933,"body":"and, and figure out where"},{"speaker":"Rob Shulz","startTime":543.933,"endTime":545.103,"body":"you're going to go from here."},{"speaker":"Rob Shulz","startTime":545.188,"endTime":548.747,"body":"And without that time, , you"},{"speaker":"Rob Shulz","startTime":545.188,"endTime":548.747,"body":"it's very, very difficult."},{"speaker":"Rob Shulz","startTime":549.047,"endTime":550.63,"body":"So that's the first thing probably."},{"speaker":"Rob Shulz","startTime":550.687,"endTime":554.548,"body":"Also along those lines is, , don't"},{"speaker":"Rob Shulz","startTime":550.687,"endTime":554.548,"body":"panic, , it's going to be okay."},{"speaker":"Rob Shulz","startTime":554.548,"endTime":560.022,"body":"I think that that a lot of times, people"},{"speaker":"Rob Shulz","startTime":554.548,"endTime":560.022,"body":"will just throw their arms up in the air"},{"speaker":"Rob Shulz","startTime":560.022,"endTime":565.342,"body":"and just kind of give up and, , don't ever"},{"speaker":"Rob Shulz","startTime":560.022,"endTime":565.342,"body":"give up on your financial situation ever."},{"speaker":"Rob Shulz","startTime":565.792,"endTime":566.302,"body":"There is."},{"speaker":"Rob Shulz","startTime":567.177,"endTime":569.607,"body":"In my opinion, there is always a way out."},{"speaker":"Rob Shulz","startTime":569.727,"endTime":570.297,"body":"Okay."},{"speaker":"Rob Shulz","startTime":570.627,"endTime":571.947,"body":"It may take some time."},{"speaker":"Rob Shulz","startTime":572.277,"endTime":574.287,"body":"It may take a lot of sacrifices."},{"speaker":"Rob Shulz","startTime":574.467,"endTime":576.987,"body":"You may rack up a lot of debt"},{"speaker":"Rob Shulz","startTime":574.467,"endTime":576.987,"body":"because maybe you weren't"},{"speaker":"Rob Shulz","startTime":576.987,"endTime":578.697,"body":"prepared, et cetera, and so forth."},{"speaker":"Rob Shulz","startTime":579.037,"endTime":580.902,"body":"But man, you can make this happen."},{"speaker":"Rob Shulz","startTime":580.976,"endTime":586.451,"body":"And it's really, really easy to lose"},{"speaker":"Rob Shulz","startTime":580.976,"endTime":586.451,"body":"perspective about where you are."},{"speaker":"Rob Shulz","startTime":586.961,"endTime":591.041,"body":"I have people come and meet me"},{"speaker":"Rob Shulz","startTime":586.961,"endTime":591.041,"body":"for the first time, all the time."},{"speaker":"Rob Shulz","startTime":591.131,"endTime":592.541,"body":"Really, really smart people."},{"speaker":"Rob Shulz","startTime":593.231,"endTime":594.011,"body":"And we'll go through."},{"speaker":"Rob Shulz","startTime":594.776,"endTime":598.286,"body":"All their information, their cashflow,"},{"speaker":"Rob Shulz","startTime":594.776,"endTime":598.286,"body":"the financial statement, et cetera."},{"speaker":"Rob Shulz","startTime":598.856,"endTime":602.396,"body":"And one of the biggest things I can do"},{"speaker":"Rob Shulz","startTime":598.856,"endTime":602.396,"body":"at that point is just provide them with"},{"speaker":"Rob Shulz","startTime":602.396,"endTime":607.136,"body":"some perspective, because it's really,"},{"speaker":"Rob Shulz","startTime":602.396,"endTime":607.136,"body":"really hard to see it when it's your own"},{"speaker":"Rob Shulz","startTime":607.136,"endTime":608.916,"body":"numbers and you're so caught up in it."},{"speaker":"Rob Shulz","startTime":608.916,"endTime":612.889,"body":"So that's just kind of some thoughts along"},{"speaker":"Rob Shulz","startTime":608.916,"endTime":612.889,"body":"those lines , just don't give up, I guess."},{"speaker":"Average Joe Finances","startTime":614.234,"endTime":615.156,"body":"Right on love it."},{"speaker":"Average Joe Finances","startTime":615.156,"endTime":618.814,"body":"I mean, so I wrote some stuff down that"},{"speaker":"Average Joe Finances","startTime":615.156,"endTime":618.814,"body":"were, as you were talking like I said, I"},{"speaker":"Average Joe Finances","startTime":618.824,"endTime":622.773,"body":"like to take notes when, when we're having"},{"speaker":"Average Joe Finances","startTime":618.824,"endTime":622.773,"body":"these conversations and, key thing that"},{"speaker":"Average Joe Finances","startTime":622.773,"endTime":624.423,"body":"you're pointing out here is cash reserves."},{"speaker":"Average Joe Finances","startTime":624.423,"endTime":624.663,"body":"Right?"},{"speaker":"Average Joe Finances","startTime":624.663,"endTime":628.863,"body":"So one of the things I've talked about on"},{"speaker":"Average Joe Finances","startTime":624.663,"endTime":628.863,"body":"my show several times and have had several"},{"speaker":"Average Joe Finances","startTime":628.863,"endTime":632.413,"body":"guests talk about this too, is having"},{"speaker":"Average Joe Finances","startTime":628.863,"endTime":632.413,"body":"an emergency fund put to the side, cause"},{"speaker":"Average Joe Finances","startTime":632.413,"endTime":635.953,"body":"you never know when the next pandemic"},{"speaker":"Average Joe Finances","startTime":632.413,"endTime":635.953,"body":"or family emergency or something will"},{"speaker":"Average Joe Finances","startTime":635.953,"endTime":637.663,"body":"come up, that could change your life."},{"speaker":"Average Joe Finances","startTime":638.533,"endTime":640.213,"body":"That could, you can lose your employment."},{"speaker":"Average Joe Finances","startTime":640.213,"endTime":643.093,"body":"There's just so many"},{"speaker":"Average Joe Finances","startTime":640.213,"endTime":643.093,"body":"different variables out there."},{"speaker":"Average Joe Finances","startTime":643.093,"endTime":644.993,"body":"And life is unpredictable."},{"speaker":"Average Joe Finances","startTime":645.053,"endTime":647.423,"body":"You can be as predictable as you"},{"speaker":"Average Joe Finances","startTime":645.053,"endTime":647.423,"body":"want, and you can be as prepared as"},{"speaker":"Average Joe Finances","startTime":647.423,"endTime":648.893,"body":"you want, but life is unpredictable."},{"speaker":"Average Joe Finances","startTime":648.893,"endTime":651.083,"body":"So the key thing is being prepared."},{"speaker":"Average Joe Finances","startTime":651.083,"endTime":654.313,"body":"Like you said but what you really, when"},{"speaker":"Average Joe Finances","startTime":651.083,"endTime":654.313,"body":"you said that I really liked is don't"},{"speaker":"Average Joe Finances","startTime":654.313,"endTime":656.203,"body":"give up on your financial situation."},{"speaker":"Average Joe Finances","startTime":656.263,"endTime":661.119,"body":"Like no matter what because you can make"},{"speaker":"Average Joe Finances","startTime":656.263,"endTime":661.119,"body":"it happen and I get what you're saying."},{"speaker":"Average Joe Finances","startTime":661.119,"endTime":661.329,"body":"Right."},{"speaker":"Average Joe Finances","startTime":661.329,"endTime":664.869,"body":"So if you weren't prepared for it"},{"speaker":"Average Joe Finances","startTime":661.329,"endTime":664.869,"body":"and you're racking up, like maybe a"},{"speaker":"Average Joe Finances","startTime":664.869,"endTime":667.449,"body":"lot of credit card debt now, because"},{"speaker":"Average Joe Finances","startTime":664.869,"endTime":667.449,"body":"you still gotta pay your bills."},{"speaker":"Average Joe Finances","startTime":667.819,"endTime":671.419,"body":"There is a way out in the future"},{"speaker":"Average Joe Finances","startTime":667.819,"endTime":671.419,"body":"and that is the thing that you need"},{"speaker":"Average Joe Finances","startTime":671.419,"endTime":674.689,"body":"to be focused on at that point,"},{"speaker":"Average Joe Finances","startTime":671.419,"endTime":674.689,"body":"not that everything's all over."},{"speaker":"Average Joe Finances","startTime":674.959,"endTime":678.419,"body":"You need to be focused on, pushing"},{"speaker":"Average Joe Finances","startTime":674.959,"endTime":678.419,"body":"the reset button, getting back on"},{"speaker":"Average Joe Finances","startTime":678.419,"endTime":680.759,"body":"your feet and, and moving forward."},{"speaker":"Average Joe Finances","startTime":680.83,"endTime":682.75,"body":"So that's definitely a feeling that."},{"speaker":"Rob Shulz","startTime":683.5,"endTime":686.02,"body":"Yeah, yeah, you"},{"speaker":"Rob Shulz","startTime":683.5,"endTime":686.02,"body":"you've got to solve the problem."},{"speaker":"Rob Shulz","startTime":686.07,"endTime":686.26,"body":"What I mean?"},{"speaker":"Rob Shulz","startTime":686.26,"endTime":687.28,"body":"You can't hide from it."},{"speaker":"Rob Shulz","startTime":687.4,"endTime":688.6,"body":"A lot of people will do that."},{"speaker":"Rob Shulz","startTime":688.72,"endTime":691.99,"body":"They'll just go, oh, I"},{"speaker":"Rob Shulz","startTime":688.72,"endTime":691.99,"body":"don't want to look at this."},{"speaker":"Rob Shulz","startTime":692.05,"endTime":693.16,"body":"I don't want to deal with this."},{"speaker":"Rob Shulz","startTime":693.31,"endTime":694.81,"body":"And that's a mistake."},{"speaker":"Rob Shulz","startTime":694.84,"endTime":698.809,"body":"I mean, look at square in the face and"},{"speaker":"Rob Shulz","startTime":694.84,"endTime":698.809,"body":"just know that , You're a smart person,"},{"speaker":"Rob Shulz","startTime":698.839,"endTime":700.519,"body":"as human beings, we solve problems."},{"speaker":"Rob Shulz","startTime":700.519,"endTime":701.329,"body":"That's all we do."},{"speaker":"Rob Shulz","startTime":701.649,"endTime":704.229,"body":"And, and, and it's,"},{"speaker":"Rob Shulz","startTime":701.649,"endTime":704.229,"body":"it's a solvable problem."},{"speaker":"Rob Shulz","startTime":704.229,"endTime":706.059,"body":"If you, if you work on it and stare at it."},{"speaker":"Average Joe Finances","startTime":706.449,"endTime":707.169,"body":"Absolutely."},{"speaker":"Average Joe Finances","startTime":707.739,"endTime":711.589,"body":"Now I mentioned like, one of the things"},{"speaker":"Average Joe Finances","startTime":707.739,"endTime":711.589,"body":"that we talked about on the show is an"},{"speaker":"Average Joe Finances","startTime":711.589,"endTime":715.459,"body":"emergency fund, but do you have like"},{"speaker":"Average Joe Finances","startTime":711.589,"endTime":715.459,"body":"other ways that people can prepare"},{"speaker":"Average Joe Finances","startTime":715.459,"endTime":717.649,"body":"their finances for the unexpected?"},{"speaker":"Rob Shulz","startTime":719.229,"endTime":719.589,"body":"Yeah."},{"speaker":"Rob Shulz","startTime":719.649,"endTime":723.459,"body":"I mean, cash is really important,"},{"speaker":"Rob Shulz","startTime":719.649,"endTime":723.459,"body":"but then also maybe even having,"},{"speaker":"Rob Shulz","startTime":723.509,"endTime":728.159,"body":"additional resources, like if you own"},{"speaker":"Rob Shulz","startTime":723.509,"endTime":728.159,"body":"a home and certain states, you can"},{"speaker":"Rob Shulz","startTime":728.159,"endTime":729.869,"body":"have a home equity line of credit."},{"speaker":"Rob Shulz","startTime":730.379,"endTime":733.569,"body":"It doesn't mean that you have to"},{"speaker":"Rob Shulz","startTime":730.379,"endTime":733.569,"body":"draw on it, but, you have that money"},{"speaker":"Rob Shulz","startTime":733.569,"endTime":735.899,"body":"available at a very, very low rate."},{"speaker":"Rob Shulz","startTime":736.289,"endTime":737.569,"body":"Compared to consumer debt."},{"speaker":"Rob Shulz","startTime":738.109,"endTime":740.593,"body":"And that can be something you"},{"speaker":"Rob Shulz","startTime":738.109,"endTime":740.593,"body":"can kind of keep in reserve."},{"speaker":"Rob Shulz","startTime":740.602,"endTime":744.966,"body":"If you're in business for yourself it's"},{"speaker":"Rob Shulz","startTime":740.602,"endTime":744.966,"body":"called a line of credit and it's the same"},{"speaker":"Rob Shulz","startTime":744.966,"endTime":750.106,"body":"thing, , all, all, it's really smart from"},{"speaker":"Rob Shulz","startTime":744.966,"endTime":750.106,"body":"a business standpoint to always have some"},{"speaker":"Rob Shulz","startTime":750.106,"endTime":756.646,"body":"type of ready credit had at a low rate"},{"speaker":"Rob Shulz","startTime":750.106,"endTime":756.646,"body":"that you can, you can turn on just in case"},{"speaker":"Rob Shulz","startTime":756.746,"endTime":760.706,"body":"something, something kind of just doesn't"},{"speaker":"Rob Shulz","startTime":756.746,"endTime":760.706,"body":"go the way, the way you expected it to."},{"speaker":"Rob Shulz","startTime":761.011,"endTime":762.717,"body":"And yeah, I really do."},{"speaker":"Rob Shulz","startTime":762.717,"endTime":766.857,"body":"I think it just comes down to cash and"},{"speaker":"Rob Shulz","startTime":762.717,"endTime":766.857,"body":"then having, , some good credit reserves,"},{"speaker":"Rob Shulz","startTime":767.877,"endTime":773.217,"body":"the biggest mistake people make is they,"},{"speaker":"Rob Shulz","startTime":767.877,"endTime":773.217,"body":"they get on a course, they go, okay."},{"speaker":"Rob Shulz","startTime":773.397,"endTime":775.317,"body":"And there's, this is"},{"speaker":"Rob Shulz","startTime":773.397,"endTime":775.317,"body":"preached a lot,  that."},{"speaker":"Rob Shulz","startTime":775.347,"endTime":775.647,"body":"Okay."},{"speaker":"Rob Shulz","startTime":775.647,"endTime":776.833,"body":"No debt, right?"},{"speaker":"Rob Shulz","startTime":776.833,"endTime":778.027,"body":"I'm not a no debt guy."},{"speaker":"Rob Shulz","startTime":778.507,"endTime":778.877,"body":"Okay."},{"speaker":"Rob Shulz","startTime":779.017,"endTime":781.027,"body":"I, I, that doesn't make sense to me."},{"speaker":"Rob Shulz","startTime":781.387,"endTime":782.857,"body":", debt is a tool."},{"speaker":"Rob Shulz","startTime":783.277,"endTime":788.377,"body":"If it's used properly, you can"},{"speaker":"Rob Shulz","startTime":783.277,"endTime":788.377,"body":"use it as a tool in your finances"},{"speaker":"Rob Shulz","startTime":788.827,"endTime":790.417,"body":"and it can work out great."},{"speaker":"Rob Shulz","startTime":790.687,"endTime":791.197,"body":"Okay."},{"speaker":"Rob Shulz","startTime":791.857,"endTime":795.337,"body":"So what people will do is"},{"speaker":"Rob Shulz","startTime":791.857,"endTime":795.337,"body":"they'll, they'll hear, oh, I'm"},{"speaker":"Rob Shulz","startTime":795.337,"endTime":796.447,"body":"not supposed to have any debt."},{"speaker":"Rob Shulz","startTime":796.477,"endTime":800.467,"body":"And all they do is I pour all"},{"speaker":"Rob Shulz","startTime":796.477,"endTime":800.467,"body":"their money into paying off debt."},{"speaker":"Rob Shulz","startTime":801.337,"endTime":803.857,"body":"And next thing , something"},{"speaker":"Rob Shulz","startTime":801.337,"endTime":803.857,"body":"comes out of left field."},{"speaker":"Rob Shulz","startTime":803.917,"endTime":804.787,"body":"They don't have any cash."},{"speaker":"Rob Shulz","startTime":804.817,"endTime":805.287,"body":"Guess what has."},{"speaker":"Rob Shulz","startTime":806.152,"endTime":807.172,"body":"It goes on the credit card."},{"speaker":"Rob Shulz","startTime":807.232,"endTime":807.622,"body":"Right."},{"speaker":"Rob Shulz","startTime":807.862,"endTime":811.852,"body":"And they're never get out because you"},{"speaker":"Rob Shulz","startTime":807.862,"endTime":811.852,"body":"never focused on that other priority."},{"speaker":"Rob Shulz","startTime":812.122,"endTime":815.482,"body":"The other thing that happens 10"},{"speaker":"Rob Shulz","startTime":812.122,"endTime":815.482,"body":"years goes along and that's awesome."},{"speaker":"Rob Shulz","startTime":815.542,"endTime":819.172,"body":"You got, you had everything paid off,"},{"speaker":"Rob Shulz","startTime":815.542,"endTime":819.172,"body":"but you don't have retirement plan."},{"speaker":"Rob Shulz","startTime":820.092,"endTime":823.222,"body":"You have no, you have no money"},{"speaker":"Rob Shulz","startTime":820.092,"endTime":823.222,"body":"to send your kids to college."},{"speaker":"Rob Shulz","startTime":823.302,"endTime":828.816,"body":"So and I know a lot of the people"},{"speaker":"Rob Shulz","startTime":823.302,"endTime":828.816,"body":"that listen to your show are young"},{"speaker":"Rob Shulz","startTime":828.816,"endTime":831.276,"body":"and have kids, and that's the time."},{"speaker":"Rob Shulz","startTime":831.891,"endTime":835.101,"body":"When I think a lot of folks"},{"speaker":"Rob Shulz","startTime":831.891,"endTime":835.101,"body":"will make that mistake though."},{"speaker":"Rob Shulz","startTime":835.131,"endTime":837.921,"body":"They'll get blinders on and"},{"speaker":"Rob Shulz","startTime":835.131,"endTime":837.921,"body":"they'll focus on one thing."},{"speaker":"Rob Shulz","startTime":838.521,"endTime":842.871,"body":"And man, life is not like that,"},{"speaker":"Rob Shulz","startTime":838.521,"endTime":842.871,"body":"especially when it's your cause you're"},{"speaker":"Rob Shulz","startTime":842.871,"endTime":846.531,"body":"in that stage, I think right now, Mike,"},{"speaker":"Rob Shulz","startTime":842.871,"endTime":846.531,"body":", everything's coming at you all at once."},{"speaker":"Rob Shulz","startTime":846.591,"endTime":850.411,"body":"You got to deal with it all, , and"},{"speaker":"Rob Shulz","startTime":846.591,"endTime":850.411,"body":"I'm sorry, it's hard, but"},{"speaker":"Rob Shulz","startTime":850.411,"endTime":851.491,"body":"that's what you have to do."},{"speaker":"Average Joe Finances","startTime":852.211,"endTime":852.511,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":852.607,"endTime":855.191,"body":"But the thing is, , being"},{"speaker":"Average Joe Finances","startTime":852.607,"endTime":855.191,"body":"prepared for that, so you, you"},{"speaker":"Average Joe Finances","startTime":855.211,"endTime":856.891,"body":"mentioned cash a lot, right?"},{"speaker":"Average Joe Finances","startTime":856.891,"endTime":862.321,"body":"So I want to know what are your"},{"speaker":"Average Joe Finances","startTime":856.891,"endTime":862.321,"body":"thoughts on making purchases with cash,"},{"speaker":"Average Joe Finances","startTime":862.321,"endTime":865.741,"body":"like actual physical cash dollars."},{"speaker":"Average Joe Finances","startTime":865.741,"endTime":868.211,"body":"I know people don't really know"},{"speaker":"Average Joe Finances","startTime":865.741,"endTime":868.211,"body":"what those look like anymore."},{"speaker":"Average Joe Finances","startTime":868.231,"endTime":872.581,"body":"But like going to a store to making a"},{"speaker":"Average Joe Finances","startTime":868.231,"endTime":872.581,"body":"purchase and you're using cash instead"},{"speaker":"Average Joe Finances","startTime":872.581,"endTime":874.081,"body":"of just swiping your debit card."},{"speaker":"Average Joe Finances","startTime":874.351,"endTime":875.381,"body":"What are your thoughts on that?"},{"speaker":"Rob Shulz","startTime":877.081,"endTime":880.112,"body":"Well, it can work, ? Cause"},{"speaker":"Rob Shulz","startTime":877.081,"endTime":880.112,"body":"another concept that I talk about"},{"speaker":"Rob Shulz","startTime":880.112,"endTime":884.781,"body":"are net savers, net spenders, and"},{"speaker":"Rob Shulz","startTime":880.112,"endTime":884.781,"body":"a net spender is not a bad person."},{"speaker":"Rob Shulz","startTime":884.961,"endTime":885.411,"body":"Okay."},{"speaker":"Rob Shulz","startTime":885.441,"endTime":887.931,"body":"It's just somebody who"},{"speaker":"Rob Shulz","startTime":885.441,"endTime":887.931,"body":"enjoys spending money."},{"speaker":"Rob Shulz","startTime":888.681,"endTime":890.061,"body":"I'm a, I'm a net spender."},{"speaker":"Rob Shulz","startTime":890.121,"endTime":890.631,"body":"Okay."},{"speaker":"Rob Shulz","startTime":890.721,"endTime":895.631,"body":"I mean, I, I enjoy buying stuff for"},{"speaker":"Rob Shulz","startTime":890.721,"endTime":895.631,"body":"all my crazy, hobbies that I have."},{"speaker":"Rob Shulz","startTime":895.661,"endTime":896.171,"body":"Okay."},{"speaker":"Rob Shulz","startTime":896.621,"endTime":899.361,"body":"So if you are a net spender,"},{"speaker":"Rob Shulz","startTime":896.621,"endTime":899.361,"body":"you have to have tools."},{"speaker":"Rob Shulz","startTime":900.151,"endTime":900.631,"body":"Okay."},{"speaker":"Rob Shulz","startTime":900.631,"endTime":904.141,"body":"That you use to keep things"},{"speaker":"Rob Shulz","startTime":900.631,"endTime":904.141,"body":"in check so you can meet your"},{"speaker":"Rob Shulz","startTime":904.141,"endTime":905.461,"body":"other goals and so forth."},{"speaker":"Rob Shulz","startTime":905.611,"endTime":906.121,"body":"Okay."},{"speaker":"Rob Shulz","startTime":906.511,"endTime":911.241,"body":"And one is, is to, , have a"},{"speaker":"Rob Shulz","startTime":906.511,"endTime":911.241,"body":"certain amount of cash and that's"},{"speaker":"Rob Shulz","startTime":911.241,"endTime":912.441,"body":"what you're supposed to use."},{"speaker":"Rob Shulz","startTime":912.531,"endTime":914.414,"body":"It's there was a guy a long time ago."},{"speaker":"Rob Shulz","startTime":914.414,"endTime":915.914,"body":"I can't remember what his name was."},{"speaker":"Rob Shulz","startTime":915.944,"endTime":916.724,"body":"He wrote a book."},{"speaker":"Rob Shulz","startTime":917.084,"endTime":918.744,"body":"He talked about the envelope system."},{"speaker":"Rob Shulz","startTime":918.755,"endTime":920.885,"body":"think it's Charles Gibbons"},{"speaker":"Rob Shulz","startTime":918.755,"endTime":920.885,"body":"or somebody like that."},{"speaker":"Rob Shulz","startTime":920.925,"endTime":921.315,"body":"Yeah."},{"speaker":"Rob Shulz","startTime":921.665,"endTime":924.275,"body":"And that, and we used that"},{"speaker":"Rob Shulz","startTime":921.665,"endTime":924.275,"body":"when we were young, actually"},{"speaker":"Rob Shulz","startTime":924.275,"endTime":925.325,"body":"we used an envelope system."},{"speaker":"Rob Shulz","startTime":925.325,"endTime":929.045,"body":"You'd put in an envelope, , how much"},{"speaker":"Rob Shulz","startTime":925.325,"endTime":929.045,"body":"you're gonna spend on groceries, how much"},{"speaker":"Rob Shulz","startTime":929.045,"endTime":932.985,"body":"you're going to spend, , Hey, whatever"},{"speaker":"Rob Shulz","startTime":929.045,"endTime":932.985,"body":"works, , if that works, that's great."},{"speaker":"Rob Shulz","startTime":933.069,"endTime":937.759,"body":"There are lots of different ways to all"},{"speaker":"Rob Shulz","startTime":933.069,"endTime":937.759,"body":"you're trying to do is trick yourself."},{"speaker":"Rob Shulz","startTime":937.999,"endTime":938.479,"body":"Okay."},{"speaker":"Rob Shulz","startTime":938.719,"endTime":942.089,"body":"You're trying to trick yourself"},{"speaker":"Rob Shulz","startTime":938.719,"endTime":942.089,"body":"that, this is all you have."},{"speaker":"Rob Shulz","startTime":943.339,"endTime":947.149,"body":"What needs to be used for other resources"},{"speaker":"Rob Shulz","startTime":943.339,"endTime":947.149,"body":"is there, it's that simple really."},{"speaker":"Average Joe Finances","startTime":948.629,"endTime":948.839,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":948.839,"endTime":949.679,"body":"So it's, it's funny."},{"speaker":"Average Joe Finances","startTime":949.709,"endTime":954.903,"body":"And I, I, I jumped in there because"},{"speaker":"Average Joe Finances","startTime":949.709,"endTime":954.903,"body":"before we moved to Hawaii, when we"},{"speaker":"Average Joe Finances","startTime":954.903,"endTime":959.703,"body":"were focused on getting out of consumer"},{"speaker":"Average Joe Finances","startTime":954.903,"endTime":959.703,"body":"debt, we wanted to get all of our loans,"},{"speaker":"Average Joe Finances","startTime":959.703,"endTime":964.933,"body":"paid off credit cards, paid off, and"},{"speaker":"Average Joe Finances","startTime":959.703,"endTime":964.933,"body":"we wanted to have zero consumers debt."},{"speaker":"Average Joe Finances","startTime":965.303,"endTime":969.162,"body":"And we wanted to have money in the bank"},{"speaker":"Average Joe Finances","startTime":965.303,"endTime":969.162,"body":"for any down payment that we might need"},{"speaker":"Average Joe Finances","startTime":969.192,"endTime":973.152,"body":"or renovations or repairs to the home"},{"speaker":"Average Joe Finances","startTime":969.192,"endTime":973.152,"body":"that we were going to buy in Hawaii."},{"speaker":"Average Joe Finances","startTime":973.602,"endTime":976.322,"body":"Now, fortunately, I was"},{"speaker":"Average Joe Finances","startTime":973.602,"endTime":976.322,"body":"able to use my VA loan, so I"},{"speaker":"Average Joe Finances","startTime":976.322,"endTime":977.532,"body":"didn'thave to put any money down."},{"speaker":"Average Joe Finances","startTime":977.532,"endTime":981.912,"body":"So we had 40 grand in the bank at the"},{"speaker":"Average Joe Finances","startTime":977.532,"endTime":981.912,"body":"time to just be able to use towards"},{"speaker":"Average Joe Finances","startTime":981.912,"endTime":987.462,"body":"whatever repairs or renovations we wanted"},{"speaker":"Average Joe Finances","startTime":981.912,"endTime":987.462,"body":"to do and how I was able to get there."},{"speaker":"Average Joe Finances","startTime":987.462,"endTime":991.632,"body":"Because just two years before that I"},{"speaker":"Average Joe Finances","startTime":987.462,"endTime":991.632,"body":"had over $27,000 in credit card debt."},{"speaker":"Average Joe Finances","startTime":991.932,"endTime":992.052,"body":"Right."},{"speaker":"Average Joe Finances","startTime":992.922,"endTime":995.352,"body":"And we, we did the envelope system."},{"speaker":"Average Joe Finances","startTime":995.352,"endTime":997.662,"body":"So we said, okay, here's the budget."},{"speaker":"Average Joe Finances","startTime":997.662,"endTime":1000.002,"body":"Here's what we're allowed"},{"speaker":"Average Joe Finances","startTime":997.662,"endTime":1000.002,"body":"to spend on groceries."},{"speaker":"Average Joe Finances","startTime":1000.002,"endTime":1002.831,"body":"Here's what we're allowed to spend on"},{"speaker":"Average Joe Finances","startTime":1000.002,"endTime":1002.831,"body":"this, that whatever,  money for taking"},{"speaker":"Average Joe Finances","startTime":1002.831,"endTime":1005.801,"body":"the kids out or going out, which was"},{"speaker":"Average Joe Finances","startTime":1002.831,"endTime":1005.801,"body":"a lot less than what it used to be."},{"speaker":"Average Joe Finances","startTime":1006.131,"endTime":1009.281,"body":"And we would put it in the envelopes"},{"speaker":"Average Joe Finances","startTime":1006.131,"endTime":1009.281,"body":"and say, okay, and the leftovers"},{"speaker":"Average Joe Finances","startTime":1009.281,"endTime":1010.601,"body":"would carry over to the next month."},{"speaker":"Average Joe Finances","startTime":1010.601,"endTime":1013.821,"body":"So if you did really good,"},{"speaker":"Average Joe Finances","startTime":1010.601,"endTime":1013.821,"body":"that money can carry over."},{"speaker":"Average Joe Finances","startTime":1013.881,"endTime":1017.511,"body":"And then towards the end, any leftovers"},{"speaker":"Average Joe Finances","startTime":1013.881,"endTime":1017.511,"body":"we just took and we dumped it into"},{"speaker":"Average Joe Finances","startTime":1017.511,"endTime":1019.071,"body":"the debt to pay it off faster."},{"speaker":"Average Joe Finances","startTime":1019.166,"endTime":1023.156,"body":"And we were able to pay off that"},{"speaker":"Average Joe Finances","startTime":1019.166,"endTime":1023.156,"body":"debt in a two year period and have"},{"speaker":"Average Joe Finances","startTime":1023.156,"endTime":1027.108,"body":"$40,000 in the bank before we moved to"},{"speaker":"Average Joe Finances","startTime":1023.156,"endTime":1027.108,"body":"Hawaii, which was absolutely awesome."},{"speaker":"Average Joe Finances","startTime":1027.12,"endTime":1031.33,"body":"So I am a fan of the envelope system for"},{"speaker":"Average Joe Finances","startTime":1027.12,"endTime":1031.33,"body":"somebody who's really struggling because"},{"speaker":"Average Joe Finances","startTime":1031.72,"endTime":1034.78,"body":"for me, I was not very disciplined at all."},{"speaker":"Average Joe Finances","startTime":1034.87,"endTime":1041.39,"body":"So using that system really helped me,"},{"speaker":"Average Joe Finances","startTime":1034.87,"endTime":1041.39,"body":"move forward and stick to a budget."},{"speaker":"Rob Shulz","startTime":1041.49,"endTime":1044.46,"body":"Yeah, it was Charles"},{"speaker":"Rob Shulz","startTime":1041.49,"endTime":1044.46,"body":"Gibbons, by the way, I always"},{"speaker":"Rob Shulz","startTime":1044.46,"endTime":1048.93,"body":"like to give him credit his wealth"},{"speaker":"Rob Shulz","startTime":1044.46,"endTime":1048.93,"body":"without risk was his, was his book"},{"speaker":"Rob Shulz","startTime":1048.99,"endTime":1051.06,"body":"way back, way back when I read it."},{"speaker":"Rob Shulz","startTime":1051.84,"endTime":1053.53,"body":"And it had all that stuff in it."},{"speaker":"Rob Shulz","startTime":1053.569,"endTime":1055.969,"body":"Just amazing, , putting your"},{"speaker":"Rob Shulz","startTime":1053.569,"endTime":1055.969,"body":"credit card in the freezer."},{"speaker":"Rob Shulz","startTime":1055.969,"endTime":1057.566,"body":"That was his idea , in the class"},{"speaker":"Average Joe Finances","startTime":1057.566,"endTime":1059.926,"body":"We didn't"},{"speaker":"Average Joe Finances","startTime":1057.566,"endTime":1059.926,"body":"dothat, but we did, we hide them."},{"speaker":"Average Joe Finances","startTime":1060.436,"endTime":1060.736,"body":"Yeah."},{"speaker":"Rob Shulz","startTime":1060.776,"endTime":1063.416,"body":"He he'd say, just put"},{"speaker":"Rob Shulz","startTime":1060.776,"endTime":1063.416,"body":"it, , you've got to keep one, he'd"},{"speaker":"Rob Shulz","startTime":1063.416,"endTime":1068.596,"body":"say, put it in the freezer and a cup,"},{"speaker":"Rob Shulz","startTime":1063.416,"endTime":1068.596,"body":"and then,, if you really needed it,"},{"speaker":"Rob Shulz","startTime":1068.596,"endTime":1071.806,"body":"you had to wait for it to thaw and"},{"speaker":"Rob Shulz","startTime":1068.596,"endTime":1071.806,"body":"using the microwave was cheating."},{"speaker":"Rob Shulz","startTime":1071.836,"endTime":1073.123,"body":"I thought that was hilarious."},{"speaker":"Average Joe Finances","startTime":1073.123,"endTime":1075.117,"body":"The microwave,"},{"speaker":"Average Joe Finances","startTime":1073.123,"endTime":1075.117,"body":"you, you might have another problem."},{"speaker":"Rob Shulz","startTime":1075.267,"endTime":1075.517,"body":"Yeah."},{"speaker":"Rob Shulz","startTime":1075.517,"endTime":1076.607,"body":"You might have another problem."},{"speaker":"Rob Shulz","startTime":1076.627,"endTime":1080.337,"body":"Another really cool tool that I don't"},{"speaker":"Rob Shulz","startTime":1076.627,"endTime":1080.337,"body":"think he came up with, but I learned,"},{"speaker":"Rob Shulz","startTime":1080.387,"endTime":1084.057,"body":"while all this was going on, , just kind"},{"speaker":"Rob Shulz","startTime":1080.387,"endTime":1084.057,"body":"of learning how to, how to save money."},{"speaker":"Rob Shulz","startTime":1084.687,"endTime":1088.657,"body":"I was, we have, so we have a checking"},{"speaker":"Rob Shulz","startTime":1084.687,"endTime":1088.657,"body":"account and we usually have the"},{"speaker":"Rob Shulz","startTime":1088.657,"endTime":1090.757,"body":"savings account in the same bank."},{"speaker":"Rob Shulz","startTime":1091.207,"endTime":1095.137,"body":"And then we have like this link between"},{"speaker":"Rob Shulz","startTime":1091.207,"endTime":1095.137,"body":"the two, like, even like a link."},{"speaker":"Rob Shulz","startTime":1095.137,"endTime":1098.067,"body":"Like if you, if you go negative"},{"speaker":"Rob Shulz","startTime":1095.137,"endTime":1098.067,"body":"on your checking, it, it"},{"speaker":"Rob Shulz","startTime":1098.067,"endTime":1099.547,"body":"dumps it in from your savings."},{"speaker":"Rob Shulz","startTime":1100.117,"endTime":1101.017,"body":"Terrible idea."},{"speaker":"Rob Shulz","startTime":1101.287,"endTime":1101.797,"body":"Okay."},{"speaker":"Rob Shulz","startTime":1102.067,"endTime":1103.282,"body":"That is a terrible idea."},{"speaker":"Rob Shulz","startTime":1103.282,"endTime":1105.731,"body":"The best place to keep your"},{"speaker":"Rob Shulz","startTime":1103.282,"endTime":1105.731,"body":"cash money is in another."},{"speaker":"Rob Shulz","startTime":1106.581,"endTime":1110.091,"body":"Where it's really hard to get to"},{"speaker":"Rob Shulz","startTime":1106.581,"endTime":1110.091,"body":"there, like these sleepy credit"},{"speaker":"Rob Shulz","startTime":1110.091,"endTime":1112.341,"body":"unions that have no technology at all."},{"speaker":"Rob Shulz","startTime":1112.581,"endTime":1113.691,"body":"That's the perfect place."},{"speaker":"Rob Shulz","startTime":1113.721,"endTime":1118.011,"body":"Cause then you have to go in during"},{"speaker":"Rob Shulz","startTime":1113.721,"endTime":1118.011,"body":"working hours, , during banking hours"},{"speaker":"Rob Shulz","startTime":1118.341,"endTime":1123.231,"body":"and get your money out and it makes you"},{"speaker":"Rob Shulz","startTime":1118.341,"endTime":1123.231,"body":"wait and think about other other options."},{"speaker":"Rob Shulz","startTime":1123.261,"endTime":1123.861,"body":"It's pretty awesome."},{"speaker":"Average Joe Finances","startTime":1123.861,"endTime":1126.381,"body":"No, that's,"},{"speaker":"Average Joe Finances","startTime":1123.861,"endTime":1126.381,"body":"that's fantastic way to do it as well."},{"speaker":"Average Joe Finances","startTime":1126.381,"endTime":1128.361,"body":"Especially for somebody"},{"speaker":"Average Joe Finances","startTime":1126.381,"endTime":1128.361,"body":"who's not disciplined."},{"speaker":"Average Joe Finances","startTime":1128.361,"endTime":1128.481,"body":"Right."},{"speaker":"Average Joe Finances","startTime":1129.071,"endTime":1129.491,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1129.611,"endTime":1131.291,"body":"And there's not, even if"},{"speaker":"Average Joe Finances","startTime":1129.611,"endTime":1131.291,"body":"you're not disciplined, there's"},{"speaker":"Average Joe Finances","startTime":1131.291,"endTime":1132.251,"body":"nothing wrong with that."},{"speaker":"Average Joe Finances","startTime":1132.251,"endTime":1132.491,"body":"Right."},{"speaker":"Average Joe Finances","startTime":1132.491,"endTime":1134.351,"body":"Everybody, , has their"},{"speaker":"Average Joe Finances","startTime":1132.491,"endTime":1134.351,"body":"own spending habits."},{"speaker":"Average Joe Finances","startTime":1134.351,"endTime":1136.121,"body":"And like you said, you're a net spender."},{"speaker":"Average Joe Finances","startTime":1136.121,"endTime":1136.391,"body":"Right."},{"speaker":"Average Joe Finances","startTime":1136.45,"endTime":1137.39,"body":"I also am."},{"speaker":"Average Joe Finances","startTime":1137.44,"endTime":1140.636,"body":"I've actually had a conversation with"},{"speaker":"Average Joe Finances","startTime":1137.44,"endTime":1140.636,"body":"another guest about this about the"},{"speaker":"Average Joe Finances","startTime":1140.636,"endTime":1142.436,"body":"difference between spenders and savers."},{"speaker":"Average Joe Finances","startTime":1142.436,"endTime":1142.676,"body":"Right?"},{"speaker":"Average Joe Finances","startTime":1142.676,"endTime":1147.296,"body":"So my wife and I we're polar opposites,"},{"speaker":"Average Joe Finances","startTime":1142.676,"endTime":1147.296,"body":"I'm a spender, she's a saver, right."},{"speaker":"Average Joe Finances","startTime":1147.596,"endTime":1151.566,"body":"So what I do now is I look"},{"speaker":"Average Joe Finances","startTime":1147.596,"endTime":1151.566,"body":"at, , I changed my mentality."},{"speaker":"Average Joe Finances","startTime":1151.566,"endTime":1152.646,"body":"I changed my thought process."},{"speaker":"Average Joe Finances","startTime":1153.556,"endTime":1155.596,"body":"On what I spend my money on."},{"speaker":"Average Joe Finances","startTime":1155.596,"endTime":1159.776,"body":"So now, , I feel good about"},{"speaker":"Average Joe Finances","startTime":1155.596,"endTime":1159.776,"body":"when I spend my money on bills."},{"speaker":"Average Joe Finances","startTime":1159.806,"endTime":1163.436,"body":"I feel good about it when I spend"},{"speaker":"Average Joe Finances","startTime":1159.806,"endTime":1163.436,"body":"my money and pay myself by putting"},{"speaker":"Average Joe Finances","startTime":1163.436,"endTime":1164.696,"body":"that money into an investment."},{"speaker":"Average Joe Finances","startTime":1165.206,"endTime":1169.166,"body":"So I look at it that way, like,"},{"speaker":"Average Joe Finances","startTime":1165.206,"endTime":1169.166,"body":"Hey, I'm still spending the money."},{"speaker":"Average Joe Finances","startTime":1169.166,"endTime":1171.236,"body":"I'm still getting, I'm"},{"speaker":"Average Joe Finances","startTime":1169.166,"endTime":1171.236,"body":"still scratching that itch."},{"speaker":"Average Joe Finances","startTime":1171.236,"endTime":1171.476,"body":"Right."},{"speaker":"Average Joe Finances","startTime":1171.476,"endTime":1176.906,"body":"I'm still able to do what I gotta do, but"},{"speaker":"Average Joe Finances","startTime":1171.476,"endTime":1176.906,"body":"I'm paying myself and I'm paying my bills."},{"speaker":"Average Joe Finances","startTime":1176.936,"endTime":1178.826,"body":"I'm paying myself and I'm paying my bills."},{"speaker":"Average Joe Finances","startTime":1180.266,"endTime":1183.326,"body":"once you can flip that,"},{"speaker":"Average Joe Finances","startTime":1180.266,"endTime":1183.326,"body":"switch, everything changes."},{"speaker":"Rob Shulz","startTime":1183.579,"endTime":1183.879,"body":"Man."},{"speaker":"Rob Shulz","startTime":1183.909,"endTime":1184.719,"body":"I love that."},{"speaker":"Rob Shulz","startTime":1184.839,"endTime":1185.679,"body":"That's really good."},{"speaker":"Rob Shulz","startTime":1185.679,"endTime":1186.969,"body":"Mike, I'm going to use that."},{"speaker":"Rob Shulz","startTime":1187.632,"endTime":1189.772,"body":"That's a great way to think about it."},{"speaker":"Rob Shulz","startTime":1190.022,"endTime":1190.952,"body":"That yeah, absolutely."},{"speaker":"Rob Shulz","startTime":1190.952,"endTime":1191.492,"body":"I'm saving."},{"speaker":"Rob Shulz","startTime":1191.522,"endTime":1195.029,"body":"I'm not saving I'm I'm allocating,"},{"speaker":"Rob Shulz","startTime":1191.522,"endTime":1195.029,"body":"which is what I love to do."},{"speaker":"Average Joe Finances","startTime":1195.299,"endTime":1196.575,"body":"Paying yourself right."},{"speaker":"Average Joe Finances","startTime":1196.575,"endTime":1201.51,"body":"If you, and that's the other thing too,"},{"speaker":"Average Joe Finances","startTime":1196.575,"endTime":1201.51,"body":"pay yourself first, then pay your bills."},{"speaker":"Average Joe Finances","startTime":1201.54,"endTime":1204.97,"body":"So, if you're committed to invest"},{"speaker":"Average Joe Finances","startTime":1201.54,"endTime":1204.97,"body":"a certain amount of money every"},{"speaker":"Average Joe Finances","startTime":1204.97,"endTime":1208.51,"body":"month, you want to invest that"},{"speaker":"Average Joe Finances","startTime":1204.97,"endTime":1208.51,"body":"money first, then pay your bills"},{"speaker":"Average Joe Finances","startTime":1208.51,"endTime":1209.92,"body":"because if you pay your bills first."},{"speaker":"Average Joe Finances","startTime":1210.61,"endTime":1213.34,"body":"And then you're like, oh, well, , this"},{"speaker":"Average Joe Finances","startTime":1210.61,"endTime":1213.34,"body":"came up and I need to go get that."},{"speaker":"Average Joe Finances","startTime":1213.34,"endTime":1215.41,"body":"Or I need to spend a little"},{"speaker":"Average Joe Finances","startTime":1213.34,"endTime":1215.41,"body":"more grocery shopping."},{"speaker":"Average Joe Finances","startTime":1215.41,"endTime":1216.25,"body":"You're going to do that."},{"speaker":"Average Joe Finances","startTime":1216.25,"endTime":1219.34,"body":"And then at the end of the month, you're"},{"speaker":"Average Joe Finances","startTime":1216.25,"endTime":1219.34,"body":"like, well, I don't have enough to invest"},{"speaker":"Average Joe Finances","startTime":1219.34,"endTime":1221.41,"body":"my set amount that I set out to put."},{"speaker":"Average Joe Finances","startTime":1222.27,"endTime":1225.0,"body":"And now you're investing less and"},{"speaker":"Average Joe Finances","startTime":1222.27,"endTime":1225.0,"body":"you just took away from yourself."},{"speaker":"Average Joe Finances","startTime":1225.27,"endTime":1229.2,"body":"So don't take away from yourself, pay"},{"speaker":"Average Joe Finances","startTime":1225.27,"endTime":1229.2,"body":"yourself first, then pay your bills."},{"speaker":"Average Joe Finances","startTime":1229.23,"endTime":1233.07,"body":"Then what's left over is what you have"},{"speaker":"Average Joe Finances","startTime":1229.23,"endTime":1233.07,"body":"to do, whatever you got to deal with."},{"speaker":"Average Joe Finances","startTime":1233.1,"endTime":1233.37,"body":"Right?"},{"speaker":"Average Joe Finances","startTime":1233.37,"endTime":1235.14,"body":"So you put your money into your savings."},{"speaker":"Average Joe Finances","startTime":1235.14,"endTime":1237.99,"body":"You put your money into your"},{"speaker":"Average Joe Finances","startTime":1235.14,"endTime":1237.99,"body":"investments and then move on from there."},{"speaker":"Average Joe Finances","startTime":1238.052,"endTime":1240.432,"body":"That's, that's the way"},{"speaker":"Average Joe Finances","startTime":1238.052,"endTime":1240.432,"body":"that we currently do it."},{"speaker":"Average Joe Finances","startTime":1240.492,"endTime":1242.142,"body":"It's it's working out pretty nicely."},{"speaker":"Average Joe Finances","startTime":1242.249,"endTime":1244.162,"body":"The other thing we do right now."},{"speaker":"Average Joe Finances","startTime":1244.192,"endTime":1247.492,"body":"And I've talked about this a bunch"},{"speaker":"Average Joe Finances","startTime":1244.192,"endTime":1247.492,"body":"before is so it's kind of like the"},{"speaker":"Average Joe Finances","startTime":1247.492,"endTime":1250.582,"body":"envelope system, but we've kind"},{"speaker":"Average Joe Finances","startTime":1247.492,"endTime":1250.582,"body":"of upgraded now to bank accounts."},{"speaker":"Average Joe Finances","startTime":1250.582,"endTime":1250.882,"body":"Right."},{"speaker":"Average Joe Finances","startTime":1251.272,"endTime":1252.832,"body":"And we have sinking funds."},{"speaker":"Average Joe Finances","startTime":1253.282,"endTime":1257.322,"body":"So we know we spend this much"},{"speaker":"Average Joe Finances","startTime":1253.282,"endTime":1257.322,"body":"a year on the vet, bill, dog,"},{"speaker":"Average Joe Finances","startTime":1257.352,"endTime":1258.972,"body":"food, cat food, things like that."},{"speaker":"Average Joe Finances","startTime":1259.332,"endTime":1262.872,"body":"So we have a set amount that we put"},{"speaker":"Average Joe Finances","startTime":1259.332,"endTime":1262.872,"body":"into this other account every month."},{"speaker":"Average Joe Finances","startTime":1262.872,"endTime":1265.732,"body":"And that account is strictly for the pets."},{"speaker":"Average Joe Finances","startTime":1266.282,"endTime":1266.502,"body":"Right."},{"speaker":"Average Joe Finances","startTime":1266.502,"endTime":1269.277,"body":"We know that we spend this much"},{"speaker":"Average Joe Finances","startTime":1266.502,"endTime":1269.277,"body":"on the holidays and birthdays."},{"speaker":"Average Joe Finances","startTime":1269.517,"endTime":1272.947,"body":"So we put this much a month"},{"speaker":"Average Joe Finances","startTime":1269.517,"endTime":1272.947,"body":"into that account, which is the"},{"speaker":"Average Joe Finances","startTime":1272.947,"endTime":1274.567,"body":"holiday and birthday account."},{"speaker":"Average Joe Finances","startTime":1274.897,"endTime":1278.757,"body":"So we have several different accounts"},{"speaker":"Average Joe Finances","startTime":1274.897,"endTime":1278.757,"body":"with different things tied to it, and we"},{"speaker":"Average Joe Finances","startTime":1278.757,"endTime":1280.707,"body":"just allocate the money to those accounts."},{"speaker":"Average Joe Finances","startTime":1281.137,"endTime":1282.517,"body":"That has also been super helpful."},{"speaker":"Average Joe Finances","startTime":1282.517,"endTime":1284.947,"body":"It's kind of, I guess,"},{"speaker":"Average Joe Finances","startTime":1282.517,"endTime":1284.947,"body":"like the digital envelope."},{"speaker":"Average Joe Finances","startTime":1285.127,"endTime":1285.427,"body":"Right."},{"speaker":"Average Joe Finances","startTime":1285.427,"endTime":1286.547,"body":"But it's called sinking funds."},{"speaker":"Rob Shulz","startTime":1286.567,"endTime":1286.627,"body":"Yeah."},{"speaker":"Rob Shulz","startTime":1287.647,"endTime":1287.977,"body":"Yeah."},{"speaker":"Rob Shulz","startTime":1287.977,"endTime":1290.047,"body":"And credit unions have"},{"speaker":"Rob Shulz","startTime":1287.977,"endTime":1290.047,"body":"gotten really good at that."},{"speaker":"Rob Shulz","startTime":1290.207,"endTime":1293.147,"body":"That, and they'll do that for you"},{"speaker":"Rob Shulz","startTime":1290.207,"endTime":1293.147,"body":"and you don't have, I don't think"},{"speaker":"Rob Shulz","startTime":1293.147,"endTime":1294.617,"body":"it's even like a separate account."},{"speaker":"Rob Shulz","startTime":1294.617,"endTime":1297.917,"body":"I think it's like sub-accounts"},{"speaker":"Rob Shulz","startTime":1294.617,"endTime":1297.917,"body":"or something and it works great."},{"speaker":"Rob Shulz","startTime":1298.097,"endTime":1298.337,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1298.907,"endTime":1301.831,"body":"We, we opened"},{"speaker":"Average Joe Finances","startTime":1298.907,"endTime":1301.831,"body":"separate accounts also in different banks."},{"speaker":"Rob Shulz","startTime":1301.891,"endTime":1302.401,"body":"There you go."},{"speaker":"Rob Shulz","startTime":1302.521,"endTime":1302.881,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1302.881,"endTime":1305.061,"body":"It's funny that"},{"speaker":"Average Joe Finances","startTime":1302.881,"endTime":1305.061,"body":"you had mentioned that, so we know"},{"speaker":"Average Joe Finances","startTime":1305.061,"endTime":1309.021,"body":"specifically that it has to come from"},{"speaker":"Average Joe Finances","startTime":1305.061,"endTime":1309.021,"body":"that account on that card from that bank."},{"speaker":"Average Joe Finances","startTime":1309.591,"endTime":1310.888,"body":"So that definitely works out."},{"speaker":"Rob Shulz","startTime":1312.043,"endTime":1314.103,"body":"Another thing people"},{"speaker":"Rob Shulz","startTime":1312.043,"endTime":1314.103,"body":"get really caught up on, it's"},{"speaker":"Rob Shulz","startTime":1314.103,"endTime":1315.513,"body":"just, it's going to be a cash show."},{"speaker":"Rob Shulz","startTime":1315.543,"endTime":1317.163,"body":"That's what it sounds like"},{"speaker":"Rob Shulz","startTime":1315.543,"endTime":1317.163,"body":"to me, we're going to talk"},{"speaker":"Rob Shulz","startTime":1317.163,"endTime":1319.443,"body":"about cash is I'll get people."},{"speaker":"Rob Shulz","startTime":1319.443,"endTime":1323.393,"body":"They get so frustrated, especially"},{"speaker":"Rob Shulz","startTime":1319.443,"endTime":1323.393,"body":"now, , like, well, I have all this cash."},{"speaker":"Rob Shulz","startTime":1323.513,"endTime":1326.738,"body":"I'm not making any money on it"},{"speaker":"Rob Shulz","startTime":1323.513,"endTime":1326.738,"body":"because they see  what they can make"},{"speaker":"Rob Shulz","startTime":1326.738,"endTime":1328.148,"body":"and their investments obviously."},{"speaker":"Rob Shulz","startTime":1328.148,"endTime":1329.618,"body":"And , we're all about that, right?"},{"speaker":"Rob Shulz","startTime":1330.098,"endTime":1334.058,"body":"But they're like, man, and there are"},{"speaker":"Rob Shulz","startTime":1330.098,"endTime":1334.058,"body":"any way I can make any money on this."},{"speaker":"Rob Shulz","startTime":1334.058,"endTime":1339.218,"body":"And , short answer is no, there's"},{"speaker":"Rob Shulz","startTime":1334.058,"endTime":1339.218,"body":"not, , that's your cash and you can't"},{"speaker":"Rob Shulz","startTime":1339.218,"endTime":1343.548,"body":"lock it up, ? And in order to make"},{"speaker":"Rob Shulz","startTime":1339.218,"endTime":1343.548,"body":"money on money, you have to take risks."},{"speaker":"Rob Shulz","startTime":1343.578,"endTime":1347.218,"body":"And most of the time in the"},{"speaker":"Rob Shulz","startTime":1343.578,"endTime":1347.218,"body":"marketplace and the market, , that"},{"speaker":"Rob Shulz","startTime":1347.218,"endTime":1348.958,"body":"risk is associated with."},{"speaker":"Rob Shulz","startTime":1348.965,"endTime":1350.82,"body":"something can happen and you"},{"speaker":"Rob Shulz","startTime":1348.965,"endTime":1350.82,"body":"could, you could lose it."},{"speaker":"Rob Shulz","startTime":1350.82,"endTime":1353.6,"body":"So, , I always just don't worry about it."},{"speaker":"Rob Shulz","startTime":1353.69,"endTime":1355.07,"body":"You're not going to make any money on it."},{"speaker":"Rob Shulz","startTime":1355.07,"endTime":1357.62,"body":"The best, one of the best"},{"speaker":"Rob Shulz","startTime":1355.07,"endTime":1357.62,"body":"investments I ever had."},{"speaker":"Rob Shulz","startTime":1357.62,"endTime":1359.3,"body":"We're talking about Navy stuff to this."},{"speaker":"Rob Shulz","startTime":1359.36,"endTime":1361.07,"body":"I just reminded myself of this."},{"speaker":"Rob Shulz","startTime":1361.07,"endTime":1365.97,"body":"My first house that I bought, , outside"},{"speaker":"Rob Shulz","startTime":1361.07,"endTime":1365.97,"body":"of the Navy, I did want to put some money"},{"speaker":"Rob Shulz","startTime":1365.97,"endTime":1368.16,"body":"down on I'm scrambling around looking."},{"speaker":"Rob Shulz","startTime":1368.7,"endTime":1372.04,"body":"I can't figure out, , I don't have the"},{"speaker":"Rob Shulz","startTime":1368.7,"endTime":1372.04,"body":"money to put it down on this house."},{"speaker":"Rob Shulz","startTime":1372.43,"endTime":1373.87,"body":"And then I kid you not."},{"speaker":"Rob Shulz","startTime":1374.735,"endTime":1375.535,"body":"On cue."},{"speaker":"Rob Shulz","startTime":1375.565,"endTime":1380.515,"body":"I get these envelopes from"},{"speaker":"Rob Shulz","startTime":1375.565,"endTime":1380.515,"body":"BUPERS and I think Cleveland,"},{"speaker":"Rob Shulz","startTime":1380.515,"endTime":1381.955,"body":"Ohio, or something like that."},{"speaker":"Rob Shulz","startTime":1382.405,"endTime":1386.035,"body":"And it's these stacks of"},{"speaker":"Rob Shulz","startTime":1382.405,"endTime":1386.035,"body":"series doubly savings bonds."},{"speaker":"Rob Shulz","startTime":1386.485,"endTime":1390.745,"body":"I had decided the whole four years"},{"speaker":"Rob Shulz","startTime":1386.485,"endTime":1390.745,"body":"that I was just like, kind of."},{"speaker":"Rob Shulz","startTime":1391.615,"endTime":1393.565,"body":"Put them in savings"},{"speaker":"Rob Shulz","startTime":1391.615,"endTime":1393.565,"body":"bonds, which make nothing."},{"speaker":"Rob Shulz","startTime":1393.745,"endTime":1394.255,"body":"Okay."},{"speaker":"Rob Shulz","startTime":1394.675,"endTime":1399.055,"body":"But if you do that incrementally"},{"speaker":"Rob Shulz","startTime":1394.675,"endTime":1399.055,"body":"before that paycheck ever hits your"},{"speaker":"Rob Shulz","startTime":1399.055,"endTime":1403.495,"body":"checking account and it goes off"},{"speaker":"Rob Shulz","startTime":1399.055,"endTime":1403.495,"body":"somewhere, it's going to be there."},{"speaker":"Rob Shulz","startTime":1403.645,"endTime":1404.755,"body":"And it was awesome."},{"speaker":"Rob Shulz","startTime":1404.875,"endTime":1406.375,"body":"I mean, it was, it was a lot of money."},{"speaker":"Rob Shulz","startTime":1406.555,"endTime":1407.095,"body":"It was cool."},{"speaker":"Average Joe Finances","startTime":1407.495,"endTime":1410.045,"body":"I mean, you"},{"speaker":"Average Joe Finances","startTime":1407.495,"endTime":1410.045,"body":"kind of set it and forget it, and then"},{"speaker":"Average Joe Finances","startTime":1410.045,"endTime":1411.575,"body":"you got rewarded at the end, right?"},{"speaker":"Average Joe Finances","startTime":1412.43,"endTime":1412.66,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1412.688,"endTime":1415.082,"body":"Yeah, they, they have when you go on"},{"speaker":"Average Joe Finances","startTime":1412.688,"endTime":1415.082,"body":"deployment too, they have like the"},{"speaker":"Average Joe Finances","startTime":1415.082,"endTime":1420.039,"body":"savings deposit program that I did as"},{"speaker":"Average Joe Finances","startTime":1415.082,"endTime":1420.039,"body":"well, where you put like up to, you"},{"speaker":"Average Joe Finances","startTime":1420.039,"endTime":1420.999,"body":"could put a certain amount of money."},{"speaker":"Average Joe Finances","startTime":1420.999,"endTime":1425.379,"body":"I think it's up to 3000 a month and you"},{"speaker":"Average Joe Finances","startTime":1420.999,"endTime":1425.379,"body":"can put that away while you're deployed."},{"speaker":"Average Joe Finances","startTime":1425.769,"endTime":1429.759,"body":"And you actually, it could sit"},{"speaker":"Average Joe Finances","startTime":1425.769,"endTime":1429.759,"body":"in there up to 90 days after you"},{"speaker":"Average Joe Finances","startTime":1429.759,"endTime":1431.619,"body":"get back and it's collecting 10%."},{"speaker":"Average Joe Finances","startTime":1431.69,"endTime":1433.13,"body":"The entire time that"},{"speaker":"Average Joe Finances","startTime":1431.69,"endTime":1433.13,"body":"it's sitting in there."},{"speaker":"Average Joe Finances","startTime":1433.13,"endTime":1436.113,"body":"So if you put a nice chunk of"},{"speaker":"Average Joe Finances","startTime":1433.13,"endTime":1436.113,"body":"change in there,  which, which I was"},{"speaker":"Average Joe Finances","startTime":1436.113,"endTime":1440.013,"body":"doing, and I, I let it sit until 90"},{"speaker":"Average Joe Finances","startTime":1436.113,"endTime":1440.013,"body":"days after I got back from my last"},{"speaker":"Average Joe Finances","startTime":1440.013,"endTime":1443.013,"body":"deployment and all of a sudden it"},{"speaker":"Average Joe Finances","startTime":1440.013,"endTime":1443.013,"body":"comes back and you're like, oh, wow."},{"speaker":"Average Joe Finances","startTime":1443.203,"endTime":1445.263,"body":"I almost forgot about that."},{"speaker":"Average Joe Finances","startTime":1445.533,"endTime":1448.113,"body":"Because once you get back in your"},{"speaker":"Average Joe Finances","startTime":1445.533,"endTime":1448.113,"body":"pay returns to normal, you kind"},{"speaker":"Average Joe Finances","startTime":1448.113,"endTime":1449.703,"body":"of just like, oh yeah okay, cool."},{"speaker":"Average Joe Finances","startTime":1449.703,"endTime":1450.153,"body":"I'm back."},{"speaker":"Average Joe Finances","startTime":1450.153,"endTime":1451.413,"body":"And my pay is good."},{"speaker":"Average Joe Finances","startTime":1451.653,"endTime":1452.803,"body":"I took all of like  my."},{"speaker":"Average Joe Finances","startTime":1453.898,"endTime":1457.348,"body":"Family separation allowance, hazardous"},{"speaker":"Average Joe Finances","startTime":1453.898,"endTime":1457.348,"body":"duty pay all the tax free stuff."},{"speaker":"Average Joe Finances","startTime":1457.468,"endTime":1461.168,"body":"So I made it, so my paycheck just looked"},{"speaker":"Average Joe Finances","startTime":1457.468,"endTime":1461.168,"body":"the same and all the extra stuff went"},{"speaker":"Average Joe Finances","startTime":1461.168,"endTime":1464.962,"body":"into program and when I got it back,"},{"speaker":"Average Joe Finances","startTime":1461.168,"endTime":1464.962,"body":"it was, it was a nice little penny."},{"speaker":"Average Joe Finances","startTime":1465.382,"endTime":1467.452,"body":"So it's little things like that."},{"speaker":"Average Joe Finances","startTime":1467.452,"endTime":1469.642,"body":"You kind of set it and forget"},{"speaker":"Average Joe Finances","startTime":1467.452,"endTime":1469.642,"body":"it and just let it work."},{"speaker":"Average Joe Finances","startTime":1469.642,"endTime":1470.122,"body":"Its magic."},{"speaker":"Average Joe Finances","startTime":1470.122,"endTime":1472.982,"body":"That's one of the beautiful things"},{"speaker":"Average Joe Finances","startTime":1470.122,"endTime":1472.982,"body":"about , investing in compound interest."},{"speaker":"Average Joe Finances","startTime":1472.982,"endTime":1473.252,"body":"Right."},{"speaker":"Average Joe Finances","startTime":1473.376,"endTime":1476.666,"body":"There's a reason why Albert Einstein"},{"speaker":"Average Joe Finances","startTime":1473.376,"endTime":1476.666,"body":"called it the eighth wonder of the world."},{"speaker":"Rob Shulz","startTime":1477.056,"endTime":1477.386,"body":"Yeah."},{"speaker":"Rob Shulz","startTime":1477.523,"endTime":1478.483,"body":"it isamazing."},{"speaker":"Average Joe Finances","startTime":1479.278,"endTime":1479.518,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1479.518,"endTime":1482.848,"body":"So , one of the things I want to talk"},{"speaker":"Average Joe Finances","startTime":1479.518,"endTime":1482.848,"body":"about too, because cause we are talking"},{"speaker":"Average Joe Finances","startTime":1482.848,"endTime":1486.778,"body":"a lot about cash, but I do want to"},{"speaker":"Average Joe Finances","startTime":1482.848,"endTime":1486.778,"body":"talk about investing, but you had"},{"speaker":"Average Joe Finances","startTime":1486.778,"endTime":1491.8,"body":"mentioned , somebody when they have their"},{"speaker":"Average Joe Finances","startTime":1486.778,"endTime":1491.8,"body":"cash and they they're upset that they"},{"speaker":"Average Joe Finances","startTime":1491.8,"endTime":1493.27,"body":"can't invest it or they can't spend it."},{"speaker":"Average Joe Finances","startTime":1493.27,"endTime":1497.1,"body":"Well, , when you look at it from"},{"speaker":"Average Joe Finances","startTime":1493.27,"endTime":1497.1,"body":"the point of view that, , it's,"},{"speaker":"Average Joe Finances","startTime":1497.1,"endTime":1500.04,"body":"it's there for an emergency, if"},{"speaker":"Average Joe Finances","startTime":1497.1,"endTime":1500.04,"body":"something was to happen and then that"},{"speaker":"Average Joe Finances","startTime":1500.04,"endTime":1502.59,"body":"emergency actually happens, you're"},{"speaker":"Average Joe Finances","startTime":1500.04,"endTime":1502.59,"body":"going to be happy that you have that."},{"speaker":"Average Joe Finances","startTime":1502.686,"endTime":1505.326,"body":"But at the same time, it almost"},{"speaker":"Average Joe Finances","startTime":1502.686,"endTime":1505.326,"body":"feels like that when you save"},{"speaker":"Average Joe Finances","startTime":1505.326,"endTime":1509.286,"body":"that money and you're prepared for"},{"speaker":"Average Joe Finances","startTime":1505.326,"endTime":1509.286,"body":"an emergency, it never happens."},{"speaker":"Average Joe Finances","startTime":1509.946,"endTime":1512.886,"body":"But the minute you go and spend"},{"speaker":"Average Joe Finances","startTime":1509.946,"endTime":1512.886,"body":"it on an emergency happens"},{"speaker":"Average Joe Finances","startTime":1512.946,"endTime":1513.786,"body":"and now you don't have it."},{"speaker":"Average Joe Finances","startTime":1514.296,"endTime":1516.096,"body":"So yeah."},{"speaker":"Average Joe Finances","startTime":1516.096,"endTime":1518.106,"body":"It's super important to have"},{"speaker":"Average Joe Finances","startTime":1516.096,"endTime":1518.106,"body":"that emergency fund for sure."},{"speaker":"Rob Shulz","startTime":1518.956,"endTime":1522.386,"body":"But , I'm glad you mentioned"},{"speaker":"Rob Shulz","startTime":1518.956,"endTime":1522.386,"body":"that because I mean, we're seeing more"},{"speaker":"Rob Shulz","startTime":1522.386,"endTime":1527.396,"body":"and more people right now, especially"},{"speaker":"Rob Shulz","startTime":1522.386,"endTime":1527.396,"body":"post pandemic that have way too much cash."},{"speaker":"Rob Shulz","startTime":1528.791,"endTime":1529.031,"body":"Yeah."},{"speaker":"Rob Shulz","startTime":1529.031,"endTime":1532.981,"body":"And , that pendulum swings, it's"},{"speaker":"Rob Shulz","startTime":1529.031,"endTime":1532.981,"body":"like, oh my gosh, that was scary."},{"speaker":"Rob Shulz","startTime":1533.461,"endTime":1535.351,"body":"I'm just going to keep"},{"speaker":"Rob Shulz","startTime":1533.461,"endTime":1535.351,"body":"all my money in cash."},{"speaker":"Rob Shulz","startTime":1535.351,"endTime":1538.361,"body":"And , now you're really shooting"},{"speaker":"Rob Shulz","startTime":1535.351,"endTime":1538.361,"body":"yourself in the foot too."},{"speaker":"Rob Shulz","startTime":1538.361,"endTime":1542.991,"body":"You can't do that either because"},{"speaker":"Rob Shulz","startTime":1538.361,"endTime":1542.991,"body":"your money has to work for you"},{"speaker":"Rob Shulz","startTime":1543.661,"endTime":1545.036,"body":"towards your long-term goals."},{"speaker":"Rob Shulz","startTime":1545.276,"endTime":1546.896,"body":"Cause you have to beat inflation."},{"speaker":"Rob Shulz","startTime":1546.926,"endTime":1549.356,"body":"Inflation is something"},{"speaker":"Rob Shulz","startTime":1546.926,"endTime":1549.356,"body":"we didn't have much of."},{"speaker":"Rob Shulz","startTime":1549.356,"endTime":1553.106,"body":"And now all of a sudden we have a lot"},{"speaker":"Rob Shulz","startTime":1549.356,"endTime":1553.106,"body":"of, you have to be able to beat that"},{"speaker":"Rob Shulz","startTime":1553.106,"endTime":1557.156,"body":"with your money over time and you can't"},{"speaker":"Rob Shulz","startTime":1553.106,"endTime":1557.156,"body":"do it if it's all sitting in cash."},{"speaker":"Rob Shulz","startTime":1557.306,"endTime":1557.666,"body":"So"},{"speaker":"Average Joe Finances","startTime":1558.326,"endTime":1560.096,"body":"Absolutely"},{"speaker":"Average Joe Finances","startTime":1558.326,"endTime":1560.096,"body":"you, you can't keep up with it."},{"speaker":"Average Joe Finances","startTime":1560.096,"endTime":1563.456,"body":"You're if you're just holding on to"},{"speaker":"Average Joe Finances","startTime":1560.096,"endTime":1563.456,"body":"cash, you're losing money, right?"},{"speaker":"Average Joe Finances","startTime":1563.456,"endTime":1566.306,"body":"Because if you, if you think about"},{"speaker":"Average Joe Finances","startTime":1563.456,"endTime":1566.306,"body":"it this way, I think they said right"},{"speaker":"Average Joe Finances","startTime":1566.306,"endTime":1570.056,"body":"now this year, and this is being"},{"speaker":"Average Joe Finances","startTime":1566.306,"endTime":1570.056,"body":"conservative, that inflation's 4%."},{"speaker":"Average Joe Finances","startTime":1570.896,"endTime":1573.656,"body":"Right now, if your, if your money"},{"speaker":"Average Joe Finances","startTime":1570.896,"endTime":1573.656,"body":"is sitting in there and a checking"},{"speaker":"Average Joe Finances","startTime":1573.896,"endTime":1577.452,"body":"account, that's getting .025% return."},{"speaker":"Average Joe Finances","startTime":1577.502,"endTime":1579.242,"body":"But, , inflation is 4%."},{"speaker":"Average Joe Finances","startTime":1579.602,"endTime":1585.062,"body":"You're paying a 3.75% interest to the"},{"speaker":"Average Joe Finances","startTime":1579.602,"endTime":1585.062,"body":"bank, keeping your money in there."},{"speaker":"Rob Shulz","startTime":1585.198,"endTime":1586.668,"body":"It's a guaranteed loss."},{"speaker":"Rob Shulz","startTime":1586.828,"endTime":1588.508,"body":", you're like, oh, I don't"},{"speaker":"Rob Shulz","startTime":1586.828,"endTime":1588.508,"body":"want to lose any money."},{"speaker":"Rob Shulz","startTime":1589.018,"endTime":1591.508,"body":"Oh, well, the best way to"},{"speaker":"Rob Shulz","startTime":1589.018,"endTime":1591.508,"body":"guarantee that you're gonna lose"},{"speaker":"Rob Shulz","startTime":1591.508,"endTime":1593.098,"body":"money is to keep it in the bank."},{"speaker":"Rob Shulz","startTime":1593.248,"endTime":1595.518,"body":"And you're going to lose"},{"speaker":"Rob Shulz","startTime":1593.248,"endTime":1595.518,"body":"money compared to inflation."},{"speaker":"Average Joe Finances","startTime":1596.308,"endTime":1598.378,"body":"So there's, I mean,"},{"speaker":"Average Joe Finances","startTime":1596.308,"endTime":1598.378,"body":"there's several different ways to do it."},{"speaker":"Average Joe Finances","startTime":1598.378,"endTime":1602.878,"body":"Like, especially for folks that are"},{"speaker":"Average Joe Finances","startTime":1598.378,"endTime":1602.878,"body":"scared of investing to keep it safe."},{"speaker":"Average Joe Finances","startTime":1602.908,"endTime":1606.388,"body":"I like index funds, mutual"},{"speaker":"Average Joe Finances","startTime":1602.908,"endTime":1606.388,"body":"funds and things like that."},{"speaker":"Average Joe Finances","startTime":1606.568,"endTime":1608.758,"body":"That's pretty much what"},{"speaker":"Average Joe Finances","startTime":1606.568,"endTime":1608.758,"body":"I invest in myself."},{"speaker":"Average Joe Finances","startTime":1608.788,"endTime":1611.528,"body":"I'm not really like an"},{"speaker":"Average Joe Finances","startTime":1608.788,"endTime":1611.528,"body":"individual stock guy."},{"speaker":"Average Joe Finances","startTime":1611.528,"endTime":1614.923,"body":"I do have a play account that I"},{"speaker":"Average Joe Finances","startTime":1611.528,"endTime":1614.923,"body":"mess around with and I do that"},{"speaker":"Average Joe Finances","startTime":1614.923,"endTime":1616.693,"body":"in, and it's actually doing well."},{"speaker":"Average Joe Finances","startTime":1616.693,"endTime":1620.24,"body":"It's it's right now, a little"},{"speaker":"Average Joe Finances","startTime":1616.693,"endTime":1620.24,"body":"over 30% return for this year."},{"speaker":"Average Joe Finances","startTime":1620.284,"endTime":1622.684,"body":"But that's just stuff that"},{"speaker":"Average Joe Finances","startTime":1620.284,"endTime":1622.684,"body":"I'm actually paying attention"},{"speaker":"Average Joe Finances","startTime":1622.684,"endTime":1624.794,"body":"to and investing that way."},{"speaker":"Average Joe Finances","startTime":1624.794,"endTime":1628.438,"body":"When it comes to money, I'm"},{"speaker":"Average Joe Finances","startTime":1624.794,"endTime":1628.438,"body":"putting away for retirement."},{"speaker":"Average Joe Finances","startTime":1628.798,"endTime":1630.478,"body":"That is like a set it and forget it."},{"speaker":"Average Joe Finances","startTime":1630.508,"endTime":1633.838,"body":"And it's in different"},{"speaker":"Average Joe Finances","startTime":1630.508,"endTime":1633.838,"body":"index funds that are."},{"speaker":"Average Joe Finances","startTime":1633.894,"endTime":1634.524,"body":"Pretty safe."},{"speaker":"Average Joe Finances","startTime":1634.524,"endTime":1638.659,"body":"They generally get an 8 to 12% return"},{"speaker":"Average Joe Finances","startTime":1634.524,"endTime":1638.659,"body":"just depending on how the year goes."},{"speaker":"Average Joe Finances","startTime":1638.659,"endTime":1642.988,"body":"But so far I'm pretty happy with the"},{"speaker":"Average Joe Finances","startTime":1638.659,"endTime":1642.988,"body":"way that those are going and it's, it's"},{"speaker":"Average Joe Finances","startTime":1642.988,"endTime":1646.378,"body":"one of those things that I was able"},{"speaker":"Average Joe Finances","startTime":1642.988,"endTime":1646.378,"body":"to put the money into it and not worry"},{"speaker":"Average Joe Finances","startTime":1646.378,"endTime":1648.188,"body":"about it and just let it do it's thing."},{"speaker":"Rob Shulz","startTime":1649.248,"endTime":1653.198,"body":"And it's funny, people think"},{"speaker":"Rob Shulz","startTime":1649.248,"endTime":1653.198,"body":"that if you're a professional, this which"},{"speaker":"Rob Shulz","startTime":1653.288,"endTime":1658.281,"body":"I am that you do all this like super fancy"},{"speaker":"Rob Shulz","startTime":1653.288,"endTime":1658.281,"body":"schmancy stuff and all that, but really"},{"speaker":"Rob Shulz","startTime":1658.911,"endTime":1664.901,"body":"at the base level, a series of ETFs or"},{"speaker":"Rob Shulz","startTime":1658.911,"endTime":1664.901,"body":"mutual funds at very low cost and an index"},{"speaker":"Rob Shulz","startTime":1664.901,"endTime":1670.657,"body":"level cost is a fantastic way to go you"},{"speaker":"Rob Shulz","startTime":1664.901,"endTime":1670.657,"body":"really, you really, it's hard to screw"},{"speaker":"Rob Shulz","startTime":1670.657,"endTime":1672.359,"body":"that up, ? So that's, that's a great way."},{"speaker":"Average Joe Finances","startTime":1673.979,"endTime":1674.189,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1674.219,"endTime":1678.449,"body":"And, and, , I, I do it that"},{"speaker":"Average Joe Finances","startTime":1674.219,"endTime":1678.449,"body":"way because I am super busy."},{"speaker":"Average Joe Finances","startTime":1678.449,"endTime":1682.619,"body":"Like I don't have the time to sit"},{"speaker":"Average Joe Finances","startTime":1678.449,"endTime":1682.619,"body":"down and research all these different"},{"speaker":"Average Joe Finances","startTime":1682.619,"endTime":1684.479,"body":"individual stocks and things like that."},{"speaker":"Average Joe Finances","startTime":1684.479,"endTime":1686.879,"body":"I mean, I still have"},{"speaker":"Average Joe Finances","startTime":1684.479,"endTime":1686.879,"body":"my day job in the Navy."},{"speaker":"Average Joe Finances","startTime":1686.909,"endTime":1687.299,"body":"Right."},{"speaker":"Average Joe Finances","startTime":1687.314,"endTime":1690.554,"body":"On top of that, on the side,"},{"speaker":"Average Joe Finances","startTime":1687.314,"endTime":1690.554,"body":"I'm also a real estate agent."},{"speaker":"Average Joe Finances","startTime":1691.004,"endTime":1692.954,"body":"And then I also do this podcast."},{"speaker":"Average Joe Finances","startTime":1692.954,"endTime":1693.254,"body":"Right."},{"speaker":"Average Joe Finances","startTime":1693.254,"endTime":1697.154,"body":"So, and trust me, the podcast"},{"speaker":"Average Joe Finances","startTime":1693.254,"endTime":1697.154,"body":"takes a significant amount of"},{"speaker":"Average Joe Finances","startTime":1697.154,"endTime":1699.074,"body":"time away from my, my week."},{"speaker":"Average Joe Finances","startTime":1699.524,"endTime":1700.064,"body":"So."},{"speaker":"Average Joe Finances","startTime":1700.151,"endTime":1704.081,"body":"I like the fact that I can, I can"},{"speaker":"Average Joe Finances","startTime":1700.151,"endTime":1704.081,"body":"set this up where it's kind of."},{"speaker":"Average Joe Finances","startTime":1704.354,"endTime":1705.374,"body":"I set it and forget it."},{"speaker":"Average Joe Finances","startTime":1705.614,"endTime":1709.544,"body":"I look at my quarterly statements and"},{"speaker":"Average Joe Finances","startTime":1705.614,"endTime":1709.544,"body":"I see where it's going, I'm happy."},{"speaker":"Average Joe Finances","startTime":1709.544,"endTime":1710.624,"body":"I'm not going to change anything."},{"speaker":"Average Joe Finances","startTime":1710.864,"endTime":1714.174,"body":"I have a financial advisor that I use"},{"speaker":"Average Joe Finances","startTime":1710.864,"endTime":1714.174,"body":"that takes care of those accounts."},{"speaker":"Average Joe Finances","startTime":1714.174,"endTime":1717.367,"body":"And, and it's nice because , when you're,"},{"speaker":"Average Joe Finances","startTime":1714.174,"endTime":1717.367,"body":"when you're busy, like this is one of"},{"speaker":"Average Joe Finances","startTime":1717.367,"endTime":1720.737,"body":"those things for like busy professionals"},{"speaker":"Average Joe Finances","startTime":1717.367,"endTime":1720.737,"body":"that, you don't have the time to sit"},{"speaker":"Average Joe Finances","startTime":1720.737,"endTime":1722.717,"body":"here and individually do it yourself."},{"speaker":"Average Joe Finances","startTime":1723.257,"endTime":1725.537,"body":"Where you could actually sit down"},{"speaker":"Average Joe Finances","startTime":1723.257,"endTime":1725.537,"body":"with a financial advisor, go over"},{"speaker":"Average Joe Finances","startTime":1725.537,"endTime":1729.047,"body":"your plan, go over what your goals"},{"speaker":"Average Joe Finances","startTime":1725.537,"endTime":1729.047,"body":"are, which is kind of like, Hey,"},{"speaker":"Average Joe Finances","startTime":1729.047,"endTime":1730.787,"body":"talking to someone like you, right."},{"speaker":"Average Joe Finances","startTime":1730.787,"endTime":1732.527,"body":"And saying, Hey, this"},{"speaker":"Average Joe Finances","startTime":1730.787,"endTime":1732.527,"body":"is what I'd like to do."},{"speaker":"Average Joe Finances","startTime":1732.527,"endTime":1735.407,"body":"This is my ideal retirement age."},{"speaker":"Average Joe Finances","startTime":1735.437,"endTime":1736.727,"body":"This is how much I'd like to have."},{"speaker":"Average Joe Finances","startTime":1737.027,"endTime":1739.097,"body":"And then you build a plan"},{"speaker":"Average Joe Finances","startTime":1737.027,"endTime":1739.097,"body":"and you go from there."},{"speaker":"Average Joe Finances","startTime":1739.487,"endTime":1745.475,"body":"So so how, how do you create like"},{"speaker":"Average Joe Finances","startTime":1739.487,"endTime":1745.475,"body":"a great financial plan for somebody"},{"speaker":"Average Joe Finances","startTime":1745.475,"endTime":1749.285,"body":"who's like a busy professional, like"},{"speaker":"Average Joe Finances","startTime":1745.475,"endTime":1749.285,"body":"one that can kind of balance their"},{"speaker":"Average Joe Finances","startTime":1749.285,"endTime":1750.845,"body":"life and their long-term goal.?"},{"speaker":"Rob Shulz","startTime":1753.59,"endTime":1753.83,"body":"Yeah."},{"speaker":"Rob Shulz","startTime":1753.83,"endTime":1756.95,"body":"And when you say a busy professional,"},{"speaker":"Rob Shulz","startTime":1753.83,"endTime":1756.95,"body":"that's just about everybody."},{"speaker":"Rob Shulz","startTime":1756.95,"endTime":1757.518,"body":"I see."},{"speaker":"Rob Shulz","startTime":1757.586,"endTime":1762.576,"body":"And we're just all really"},{"speaker":"Rob Shulz","startTime":1757.586,"endTime":1762.576,"body":"busy and so a financial plan."},{"speaker":"Rob Shulz","startTime":1762.636,"endTime":1765.276,"body":"So you, so everybody understands"},{"speaker":"Rob Shulz","startTime":1762.636,"endTime":1765.276,"body":"what a financial plan is."},{"speaker":"Rob Shulz","startTime":1765.343,"endTime":1768.026,"body":"It's where, first of all,"},{"speaker":"Rob Shulz","startTime":1765.343,"endTime":1768.026,"body":"you take a big snapshot."},{"speaker":"Rob Shulz","startTime":1768.926,"endTime":1769.346,"body":"Okay."},{"speaker":"Rob Shulz","startTime":1769.376,"endTime":1772.586,"body":"So you got to know where you are before"},{"speaker":"Rob Shulz","startTime":1769.376,"endTime":1772.586,"body":"you can figure out where you want to go."},{"speaker":"Rob Shulz","startTime":1773.156,"endTime":1777.041,"body":"So it's a financial statement and the"},{"speaker":"Rob Shulz","startTime":1773.156,"endTime":1777.041,"body":"cashflow always starts with that with the."},{"speaker":"Rob Shulz","startTime":1777.041,"endTime":1780.814,"body":"And, and so we get that, then"},{"speaker":"Rob Shulz","startTime":1777.041,"endTime":1780.814,"body":"we get an idea of what they"},{"speaker":"Rob Shulz","startTime":1780.814,"endTime":1782.376,"body":"want to accomplish the couple."},{"speaker":"Rob Shulz","startTime":1782.886,"endTime":1785.526,"body":"And they'll just tell us, , if"},{"speaker":"Rob Shulz","startTime":1782.886,"endTime":1785.526,"body":"they have kids that need to go"},{"speaker":"Rob Shulz","startTime":1785.526,"endTime":1789.486,"body":"to college, , we take that in and"},{"speaker":"Rob Shulz","startTime":1785.526,"endTime":1789.486,"body":"other, other goals they may have."},{"speaker":"Rob Shulz","startTime":1789.906,"endTime":1793.368,"body":"And then of course, retirement which"},{"speaker":"Rob Shulz","startTime":1789.906,"endTime":1793.368,"body":"has gotten more and more complicated"},{"speaker":"Rob Shulz","startTime":1793.818,"endTime":1796.548,"body":"because we, we don't really retire."},{"speaker":"Rob Shulz","startTime":1796.548,"endTime":1797.598,"body":"We just kind of transition."},{"speaker":"Rob Shulz","startTime":1798.348,"endTime":1799.618,"body":"In life, it seems like."},{"speaker":"Rob Shulz","startTime":1799.618,"endTime":1803.596,"body":"So we make, we have these big transitions"},{"speaker":"Rob Shulz","startTime":1799.618,"endTime":1803.596,"body":"and as a financial planner, it's"},{"speaker":"Rob Shulz","startTime":1803.596,"endTime":1808.396,"body":"our job to go look on the horizon"},{"speaker":"Rob Shulz","startTime":1803.596,"endTime":1808.396,"body":"and see where those are and then"},{"speaker":"Rob Shulz","startTime":1808.396,"endTime":1811.996,"body":"see how the income flows or outflow."},{"speaker":"Rob Shulz","startTime":1812.956,"endTime":1818.266,"body":"Are going to be, and then we put all"},{"speaker":"Rob Shulz","startTime":1812.956,"endTime":1818.266,"body":"that together and a series of cashflows."},{"speaker":"Rob Shulz","startTime":1818.386,"endTime":1819.136,"body":"And it really is."},{"speaker":"Rob Shulz","startTime":1819.136,"endTime":1823.006,"body":"I mean, you look at, it's just a series"},{"speaker":"Rob Shulz","startTime":1819.136,"endTime":1823.006,"body":"of cash flows of all these different"},{"speaker":"Rob Shulz","startTime":1823.006,"endTime":1827.506,"body":"things happening money accumulating, for"},{"speaker":"Rob Shulz","startTime":1823.006,"endTime":1827.506,"body":"instance, for college than going out for"},{"speaker":"Rob Shulz","startTime":1827.506,"endTime":1831.586,"body":"the kids for college money, accumulating"},{"speaker":"Rob Shulz","startTime":1827.506,"endTime":1831.586,"body":"for, for the first retirement, going"},{"speaker":"Rob Shulz","startTime":1831.586,"endTime":1836.157,"body":"out social security, , different"},{"speaker":"Rob Shulz","startTime":1831.586,"endTime":1836.157,"body":"medical costs, et cetera, and so forth."},{"speaker":"Rob Shulz","startTime":1836.157,"endTime":1839.859,"body":"Buying and selling homes, you"},{"speaker":"Rob Shulz","startTime":1836.157,"endTime":1839.859,"body":"name it, it all gets thrown in."},{"speaker":"Rob Shulz","startTime":1840.849,"endTime":1843.969,"body":"And then you have to be able to"},{"speaker":"Rob Shulz","startTime":1840.849,"endTime":1843.969,"body":"read all that and be able to sit"},{"speaker":"Rob Shulz","startTime":1843.969,"endTime":1847.779,"body":"there and go, okay, we're good here."},{"speaker":"Rob Shulz","startTime":1848.019,"endTime":1850.239,"body":"It looks like we stayed"},{"speaker":"Rob Shulz","startTime":1848.019,"endTime":1850.239,"body":"positive all the way through."},{"speaker":"Rob Shulz","startTime":1850.269,"endTime":1852.699,"body":"Whoa, we've got a problem here."},{"speaker":"Rob Shulz","startTime":1852.819,"endTime":1856.929,"body":"If we try to do this at this age"},{"speaker":"Rob Shulz","startTime":1852.819,"endTime":1856.929,"body":"is not going to work very well."},{"speaker":"Rob Shulz","startTime":1856.989,"endTime":1860.049,"body":"We need to tweak that a"},{"speaker":"Rob Shulz","startTime":1856.989,"endTime":1860.049,"body":"little bit and, or we need to."},{"speaker":"Rob Shulz","startTime":1860.824,"endTime":1864.784,"body":"invest differently over here,"},{"speaker":"Rob Shulz","startTime":1860.824,"endTime":1864.784,"body":"different like from qualified money to"},{"speaker":"Rob Shulz","startTime":1864.784,"endTime":1867.364,"body":"non-qualified money and stuff like that."},{"speaker":"Rob Shulz","startTime":1867.844,"endTime":1874.0,"body":"So, , it's a very complicated deal,"},{"speaker":"Rob Shulz","startTime":1867.844,"endTime":1874.0,"body":", it's it takes years for me to train"},{"speaker":"Rob Shulz","startTime":1874.19,"endTime":1877.83,"body":"a financial planner, it took me a"},{"speaker":"Rob Shulz","startTime":1874.19,"endTime":1877.83,"body":"long time to learn how to do it."},{"speaker":"Rob Shulz","startTime":1877.929,"endTime":1881.919,"body":"And, and we do that simply because"},{"speaker":"Rob Shulz","startTime":1877.929,"endTime":1881.919,"body":"yeah, everybody really is busy"},{"speaker":"Rob Shulz","startTime":1881.919,"endTime":1882.939,"body":"and they just want to know."},{"speaker":"Rob Shulz","startTime":1884.374,"endTime":1887.884,"body":", how much do I need to put away in"},{"speaker":"Rob Shulz","startTime":1884.374,"endTime":1887.884,"body":"my thrift savings plan or 401k?"},{"speaker":"Rob Shulz","startTime":1888.844,"endTime":1890.854,"body":"How much do I need to put"},{"speaker":"Rob Shulz","startTime":1888.844,"endTime":1890.854,"body":"away for this and that?"},{"speaker":"Rob Shulz","startTime":1890.854,"endTime":1896.494,"body":"And whatever, if we read that all the"},{"speaker":"Rob Shulz","startTime":1890.854,"endTime":1896.494,"body":"way out, we can come back to the present"},{"speaker":"Rob Shulz","startTime":1896.584,"endTime":1900.154,"body":"and we can, we can tell them how to,"},{"speaker":"Rob Shulz","startTime":1896.584,"endTime":1900.154,"body":"how to allocate that money efficiently."},{"speaker":"Average Joe Finances","startTime":1900.617,"endTime":1901.757,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":1901.787,"endTime":1906.177,"body":"And part of that too is, , the, the"},{"speaker":"Average Joe Finances","startTime":1901.787,"endTime":1906.177,"body":"individual that's making the plan"},{"speaker":"Average Joe Finances","startTime":1906.207,"endTime":1907.617,"body":"with the financial advisor, right?"},{"speaker":"Average Joe Finances","startTime":1907.617,"endTime":1910.931,"body":"Like what, what are your"},{"speaker":"Average Joe Finances","startTime":1907.617,"endTime":1910.931,"body":"actual financial goals."},{"speaker":"Average Joe Finances","startTime":1910.931,"endTime":1913.686,"body":"But when you transition into retirement,"},{"speaker":"Average Joe Finances","startTime":1910.931,"endTime":1913.686,"body":"right, as you said, like it's a transition"},{"speaker":"Average Joe Finances","startTime":1913.686,"endTime":1915.486,"body":"phase, not really retiring, right?"},{"speaker":"Average Joe Finances","startTime":1915.486,"endTime":1920.083,"body":"It's just a, the, the way you, you get"},{"speaker":"Average Joe Finances","startTime":1915.486,"endTime":1920.083,"body":"your income now is different, , all that"},{"speaker":"Average Joe Finances","startTime":1920.083,"endTime":1922.993,"body":"money that you put to the side that is"},{"speaker":"Average Joe Finances","startTime":1920.083,"endTime":1922.993,"body":"now what's, what's paying you in the end."},{"speaker":"Rob Shulz","startTime":1923.323,"endTime":1923.593,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1923.7,"endTime":1928.33,"body":"So for somebody that"},{"speaker":"Average Joe Finances","startTime":1923.7,"endTime":1928.33,"body":"is, working with a financial planner or a"},{"speaker":"Average Joe Finances","startTime":1928.33,"endTime":1934.255,"body":"financial advisor, and they as time goes"},{"speaker":"Average Joe Finances","startTime":1928.33,"endTime":1934.255,"body":"on, they hit these different milestones in"},{"speaker":"Average Joe Finances","startTime":1934.255,"endTime":1939.615,"body":"life and they're trying to figure out when"},{"speaker":"Average Joe Finances","startTime":1934.255,"endTime":1939.615,"body":"is the right time for that transition as"},{"speaker":"Average Joe Finances","startTime":1939.615,"endTime":1943.365,"body":"they're going through all these different"},{"speaker":"Average Joe Finances","startTime":1939.615,"endTime":1943.365,"body":"things, how frequently should someone"},{"speaker":"Average Joe Finances","startTime":1943.365,"endTime":1945.195,"body":"speak with their planner or advisor?"},{"speaker":"Rob Shulz","startTime":1946.575,"endTime":1948.165,"body":"Yeah, that's a great question."},{"speaker":"Rob Shulz","startTime":1948.214,"endTime":1951.202,"body":"Because I can come back with"},{"speaker":"Rob Shulz","startTime":1948.214,"endTime":1951.202,"body":"somebody and I can give you."},{"speaker":"Rob Shulz","startTime":1951.907,"endTime":1955.177,"body":"That, that sheet of do"},{"speaker":"Rob Shulz","startTime":1951.907,"endTime":1955.177,"body":"this, this, this, and this."},{"speaker":"Rob Shulz","startTime":1955.807,"endTime":1959.977,"body":"And then the next day it's out of"},{"speaker":"Rob Shulz","startTime":1955.807,"endTime":1959.977,"body":"date because we have different goals"},{"speaker":"Rob Shulz","startTime":1959.977,"endTime":1961.567,"body":"or something changed, et cetera."},{"speaker":"Rob Shulz","startTime":1961.607,"endTime":1964.367,"body":"Different people, different"},{"speaker":"Rob Shulz","startTime":1961.607,"endTime":1964.367,"body":"advisers, do it different ways."},{"speaker":"Rob Shulz","startTime":1964.367,"endTime":1968.777,"body":", you hear quarterly lot in the RIA,"},{"speaker":"Rob Shulz","startTime":1964.367,"endTime":1968.777,"body":"registered investment advisory"},{"speaker":"Rob Shulz","startTime":1968.777,"endTime":1970.697,"body":"kind of fee, only fiduciary world."},{"speaker":"Rob Shulz","startTime":1970.697,"endTime":1974.067,"body":"Like what I'm in you hear"},{"speaker":"Rob Shulz","startTime":1970.697,"endTime":1974.067,"body":"about quarterly updates."},{"speaker":"Rob Shulz","startTime":1974.367,"endTime":1975.377,"body":"That is way too."},{"speaker":"Rob Shulz","startTime":1976.227,"endTime":1976.617,"body":"Okay."},{"speaker":"Rob Shulz","startTime":1976.617,"endTime":1981.317,"body":"If I called my clients, , every quarter"},{"speaker":"Rob Shulz","startTime":1976.617,"endTime":1981.317,"body":"they'd be like, what didn't we just talk?"},{"speaker":"Rob Shulz","startTime":1981.317,"endTime":1982.547,"body":"Was that like last month?"},{"speaker":"Rob Shulz","startTime":1982.657,"endTime":1984.397,"body":"So that never happens."},{"speaker":"Rob Shulz","startTime":1984.397,"endTime":1989.167,"body":"Even, even when the financial advisor says"},{"speaker":"Rob Shulz","startTime":1984.397,"endTime":1989.167,"body":"we do quarterly stuff, it doesn't happen."},{"speaker":"Rob Shulz","startTime":1989.377,"endTime":1989.797,"body":"Okay."},{"speaker":"Rob Shulz","startTime":1989.857,"endTime":1990.847,"body":"Just we're too busy."},{"speaker":"Rob Shulz","startTime":1991.597,"endTime":1996.137,"body":"Every six months is the sweet"},{"speaker":"Rob Shulz","startTime":1991.597,"endTime":1996.137,"body":"spot for most of my clients."},{"speaker":"Rob Shulz","startTime":1996.347,"endTime":1996.787,"body":"Okay."},{"speaker":"Rob Shulz","startTime":1997.307,"endTime":1999.167,"body":"They just come in, we"},{"speaker":"Rob Shulz","startTime":1997.307,"endTime":1999.167,"body":"call it the big meeting."},{"speaker":"Rob Shulz","startTime":1999.557,"endTime":2003.517,"body":"They're about to start coming in next"},{"speaker":"Rob Shulz","startTime":1999.557,"endTime":2003.517,"body":"week and first quarter, third quarter."},{"speaker":"Rob Shulz","startTime":2003.517,"endTime":2004.267,"body":"That's when we do it."},{"speaker":"Rob Shulz","startTime":2004.537,"endTime":2008.557,"body":"So every six months seems"},{"speaker":"Rob Shulz","startTime":2004.537,"endTime":2008.557,"body":"to be just about right."},{"speaker":"Rob Shulz","startTime":2008.647,"endTime":2013.107,"body":"Some people can probably go year in"},{"speaker":"Rob Shulz","startTime":2008.647,"endTime":2013.107,"body":"between, , everybody's kind of different."},{"speaker":"Average Joe Finances","startTime":2013.461,"endTime":2013.731,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":2013.731,"endTime":2018.021,"body":"So I, quarterly, quarterly could be a bit"},{"speaker":"Average Joe Finances","startTime":2013.731,"endTime":2018.021,"body":"much, , when you cause every three months,"},{"speaker":"Average Joe Finances","startTime":2018.651,"endTime":2025.131,"body":"especially with this past year, the way"},{"speaker":"Average Joe Finances","startTime":2018.651,"endTime":2025.131,"body":"it was, how time seemed to sit still, but"},{"speaker":"Average Joe Finances","startTime":2025.161,"endTime":2027.591,"body":"it passed by super quickly this past year."},{"speaker":"Average Joe Finances","startTime":2027.805,"endTime":2029.045,"body":"I know it feels like."},{"speaker":"Average Joe Finances","startTime":2029.715,"endTime":2032.12,"body":"It's been forever since we've"},{"speaker":"Average Joe Finances","startTime":2029.715,"endTime":2032.12,"body":"been outside and everything."},{"speaker":"Average Joe Finances","startTime":2032.48,"endTime":2037.911,"body":"But when you think about how fast 2020"},{"speaker":"Average Joe Finances","startTime":2032.48,"endTime":2037.911,"body":"came and went and how quickly we are"},{"speaker":"Average Joe Finances","startTime":2037.911,"endTime":2040.482,"body":"into 2021, it's, it's absolutely crazy."},{"speaker":"Average Joe Finances","startTime":2040.502,"endTime":2044.222,"body":"And part of that is because of the"},{"speaker":"Average Joe Finances","startTime":2040.502,"endTime":2044.222,"body":"environment we're in today, right?"},{"speaker":"Average Joe Finances","startTime":2044.702,"endTime":2047.522,"body":"Time hasn't changed, time"},{"speaker":"Average Joe Finances","startTime":2044.702,"endTime":2047.522,"body":"still flows the same way."},{"speaker":"Average Joe Finances","startTime":2047.522,"endTime":2048.362,"body":"It always flows."},{"speaker":"Average Joe Finances","startTime":2048.752,"endTime":2053.582,"body":"It's just, it just feels different"},{"speaker":"Average Joe Finances","startTime":2048.752,"endTime":2053.582,"body":"because the world was turned upside down."},{"speaker":"Rob Shulz","startTime":2054.092,"endTime":2054.572,"body":"Yeah."},{"speaker":"Rob Shulz","startTime":2054.892,"endTime":2059.812,"body":"And along those lines, , everybody, all my"},{"speaker":"Rob Shulz","startTime":2054.892,"endTime":2059.812,"body":"clients got an extra one last year because"},{"speaker":"Rob Shulz","startTime":2060.062,"endTime":2063.272,"body":", March 23rd was the awful day right."},{"speaker":"Rob Shulz","startTime":2063.272,"endTime":2063.902,"body":"In the market."},{"speaker":"Rob Shulz","startTime":2064.412,"endTime":2067.262,"body":"And that next week pause."},{"speaker":"Rob Shulz","startTime":2067.262,"endTime":2070.472,"body":"And I looked at each other like,"},{"speaker":"Rob Shulz","startTime":2067.262,"endTime":2070.472,"body":"man, we going to meet with everybody."},{"speaker":"Rob Shulz","startTime":2070.562,"endTime":2072.122,"body":"This is, this is a big deal."},{"speaker":"Rob Shulz","startTime":2072.482,"endTime":2074.342,"body":"And of course that second quarter."},{"speaker":"Rob Shulz","startTime":2074.432,"endTime":2078.182,"body":"So we did, and boy they've, they"},{"speaker":"Rob Shulz","startTime":2074.432,"endTime":2078.182,"body":"zoomed, they didn't come in."},{"speaker":"Rob Shulz","startTime":2078.752,"endTime":2080.94,"body":"And and we met with"},{"speaker":"Rob Shulz","startTime":2078.752,"endTime":2080.94,"body":"them and ran their plan."},{"speaker":"Rob Shulz","startTime":2081.82,"endTime":2084.13,"body":"just because they were so concerned."},{"speaker":"Rob Shulz","startTime":2084.13,"endTime":2087.11,"body":"I mean, the market had dropped"},{"speaker":"Rob Shulz","startTime":2084.13,"endTime":2087.11,"body":"almost 40% it's crazy though."},{"speaker":"Rob Shulz","startTime":2087.23,"endTime":2088.43,"body":"This even surprised me."},{"speaker":"Rob Shulz","startTime":2088.52,"endTime":2089.09,"body":"Okay."},{"speaker":"Rob Shulz","startTime":2089.39,"endTime":2092.15,"body":"I don't get surprised easily"},{"speaker":"Rob Shulz","startTime":2089.39,"endTime":2092.15,"body":"on financial planning numbers."},{"speaker":"Rob Shulz","startTime":2092.21,"endTime":2092.63,"body":"Okay."},{"speaker":"Rob Shulz","startTime":2092.96,"endTime":2094.85,"body":"But it shocked me."},{"speaker":"Rob Shulz","startTime":2095.39,"endTime":2100.945,"body":"How on track they still were, even"},{"speaker":"Rob Shulz","startTime":2095.39,"endTime":2100.945,"body":"with their retirement accounts,"},{"speaker":"Rob Shulz","startTime":2100.975,"endTime":2103.285,"body":"just practically getting decimated."},{"speaker":"Rob Shulz","startTime":2103.315,"endTime":2107.035,"body":"We ran all the probability,"},{"speaker":"Rob Shulz","startTime":2103.315,"endTime":2107.035,"body":"Monte Carlo stuff."},{"speaker":"Rob Shulz","startTime":2107.155,"endTime":2107.515,"body":"Right."},{"speaker":"Rob Shulz","startTime":2107.995,"endTime":2109.525,"body":"And they were good."},{"speaker":"Rob Shulz","startTime":2110.395,"endTime":2111.115,"body":"It was amazing."},{"speaker":"Rob Shulz","startTime":2111.175,"endTime":2111.985,"body":"I couldn't believe it."},{"speaker":"Average Joe Finances","startTime":2113.125,"endTime":2113.575,"body":"Well, yeah."},{"speaker":"Average Joe Finances","startTime":2113.605,"endTime":2116.995,"body":"I mean, just look at what happened"},{"speaker":"Average Joe Finances","startTime":2113.605,"endTime":2116.995,"body":"over the past year and up until now."},{"speaker":"Average Joe Finances","startTime":2116.995,"endTime":2120.84,"body":"I mean, the market came back with"},{"speaker":"Average Joe Finances","startTime":2116.995,"endTime":2120.84,"body":"avengeance almost, , it was we're"},{"speaker":"Average Joe Finances","startTime":2120.84,"endTime":2124.58,"body":"we're now, above what we were"},{"speaker":"Average Joe Finances","startTime":2120.84,"endTime":2124.58,"body":"pre pandemic, which is amazing."},{"speaker":"Average Joe Finances","startTime":2125.25,"endTime":2131.48,"body":", and, and just to, , it also, it goes back"},{"speaker":"Average Joe Finances","startTime":2125.25,"endTime":2131.48,"body":"to say to that you can't obviously there's"},{"speaker":"Average Joe Finances","startTime":2131.48,"endTime":2133.28,"body":"always risk when you invest, right."},{"speaker":"Average Joe Finances","startTime":2133.28,"endTime":2136.91,"body":"There's always going to be a risk"},{"speaker":"Average Joe Finances","startTime":2133.28,"endTime":2136.91,"body":"no matter what, but for those who"},{"speaker":"Average Joe Finances","startTime":2136.91,"endTime":2141.56,"body":"decided to get out after that crash,"},{"speaker":"Average Joe Finances","startTime":2136.91,"endTime":2141.56,"body":"they really hurt themselves a lot."},{"speaker":"Average Joe Finances","startTime":2141.62,"endTime":2145.64,"body":"If you would have just stuck it out and"},{"speaker":"Average Joe Finances","startTime":2141.62,"endTime":2145.64,"body":"stayed in, same thing happened in 2008."},{"speaker":"Average Joe Finances","startTime":2145.64,"endTime":2145.88,"body":"Right."},{"speaker":"Average Joe Finances","startTime":2145.88,"endTime":2150.225,"body":"So when, when everything happened in"},{"speaker":"Average Joe Finances","startTime":2145.88,"endTime":2150.225,"body":"2008, 2009 timeframe, , those that"},{"speaker":"Average Joe Finances","startTime":2150.225,"endTime":2154.435,"body":"got out suffered the consequences"},{"speaker":"Average Joe Finances","startTime":2150.225,"endTime":2154.435,"body":"and those that stayed in, , made out"},{"speaker":"Average Joe Finances","startTime":2154.435,"endTime":2156.498,"body":"better than they were before the crash."},{"speaker":"Average Joe Finances","startTime":2156.498,"endTime":2159.168,"body":"So it's, it's one of those things"},{"speaker":"Average Joe Finances","startTime":2156.498,"endTime":2159.168,"body":"you gotta, you gotta stick it out."},{"speaker":"Average Joe Finances","startTime":2160.188,"endTime":2160.458,"body":"Right."},{"speaker":"Average Joe Finances","startTime":2160.488,"endTime":2163.368,"body":"And if you, if you stay in"},{"speaker":"Average Joe Finances","startTime":2160.488,"endTime":2163.368,"body":"it, it's going to be fine."},{"speaker":"Average Joe Finances","startTime":2163.368,"endTime":2166.398,"body":"Cause if you look at the history of"},{"speaker":"Average Joe Finances","startTime":2163.368,"endTime":2166.398,"body":"the stock market and just look at"},{"speaker":"Average Joe Finances","startTime":2166.398,"endTime":2170.058,"body":"the chart, you'll see when it's going"},{"speaker":"Average Joe Finances","startTime":2166.398,"endTime":2170.058,"body":"up, going up, going up, drops down."},{"speaker":"Average Joe Finances","startTime":2170.238,"endTime":2171.318,"body":"Well, what does it do after that?"},{"speaker":"Average Joe Finances","startTime":2171.318,"endTime":2172.098,"body":"It goes back up."},{"speaker":"Average Joe Finances","startTime":2172.098,"endTime":2172.848,"body":"It goes back up."},{"speaker":"Average Joe Finances","startTime":2173.358,"endTime":2178.695,"body":"So It's pretty safe when, when you look"},{"speaker":"Average Joe Finances","startTime":2173.358,"endTime":2178.695,"body":"at it from a long-term perspective,"},{"speaker":"Average Joe Finances","startTime":2178.695,"endTime":2182.865,"body":"but if you're trying to get in and get"},{"speaker":"Average Joe Finances","startTime":2178.695,"endTime":2182.865,"body":"out, that's where the biggest risk is."},{"speaker":"Average Joe Finances","startTime":2182.895,"endTime":2183.165,"body":"Right."},{"speaker":"Average Joe Finances","startTime":2183.165,"endTime":2186.045,"body":"So if you're investing, it"},{"speaker":"Average Joe Finances","startTime":2183.165,"endTime":2186.045,"body":"should be for the long-term."},{"speaker":"Rob Shulz","startTime":2186.705,"endTime":2186.975,"body":"Yeah."},{"speaker":"Rob Shulz","startTime":2187.005,"endTime":2191.745,"body":"Time, time in that type of"},{"speaker":"Rob Shulz","startTime":2187.005,"endTime":2191.745,"body":"time, significantly reduces"},{"speaker":"Rob Shulz","startTime":2191.745,"endTime":2192.915,"body":"the risk of investing."},{"speaker":"Rob Shulz","startTime":2193.155,"endTime":2195.465,"body":"It's perfectly correlated."},{"speaker":"Rob Shulz","startTime":2195.705,"endTime":2196.065,"body":"You're right."},{"speaker":"Average Joe Finances","startTime":2196.305,"endTime":2197.055,"body":"Well, that's why they say."},{"speaker":"Average Joe Finances","startTime":2197.85,"endTime":2201.39,"body":"Time in the market is more"},{"speaker":"Average Joe Finances","startTime":2197.85,"endTime":2201.39,"body":"important than timing the market."},{"speaker":"Average Joe Finances","startTime":2201.78,"endTime":2201.96,"body":"Right."},{"speaker":"Average Joe Finances","startTime":2201.96,"endTime":2203.376,"body":"So that's, that's huge."},{"speaker":"Average Joe Finances","startTime":2203.406,"endTime":2203.886,"body":"That's huge."},{"speaker":"Average Joe Finances","startTime":2203.886,"endTime":2204.186,"body":"Right."},{"speaker":"Average Joe Finances","startTime":2204.576,"endTime":2209.196,"body":"So speaking of investments and, and"},{"speaker":"Average Joe Finances","startTime":2204.576,"endTime":2209.196,"body":"everything like that, I want to kind"},{"speaker":"Average Joe Finances","startTime":2209.196,"endTime":2211.456,"body":"of tie it back to you personally."},{"speaker":"Average Joe Finances","startTime":2211.506,"endTime":2215.406,"body":"What, what asset classes do you"},{"speaker":"Average Joe Finances","startTime":2211.506,"endTime":2215.406,"body":"personally invest in yourself?"},{"speaker":"Rob Shulz","startTime":2216.756,"endTime":2219.036,"body":"I invest the"},{"speaker":"Rob Shulz","startTime":2216.756,"endTime":2219.036,"body":"same way my clients do."},{"speaker":"Rob Shulz","startTime":2220.491,"endTime":2222.891,"body":"And we're spread out all over the place."},{"speaker":"Rob Shulz","startTime":2222.921,"endTime":2228.091,"body":"More asset classes, the better looking"},{"speaker":"Rob Shulz","startTime":2222.921,"endTime":2228.091,"body":"for new ones all the time, because you"},{"speaker":"Rob Shulz","startTime":2228.141,"endTime":2229.821,"body":"don't want all your eggs in one basket."},{"speaker":"Rob Shulz","startTime":2230.361,"endTime":2232.765,"body":"And we just love allocating."},{"speaker":"Rob Shulz","startTime":2232.765,"endTime":2234.415,"body":"Now we're a value shop."},{"speaker":"Rob Shulz","startTime":2234.445,"endTime":2234.535,"body":"Okay."},{"speaker":"Rob Shulz","startTime":2235.675,"endTime":2239.755,"body":"Has been out of favor for a while,"},{"speaker":"Rob Shulz","startTime":2235.675,"endTime":2239.755,"body":"but it, it still works for that base"},{"speaker":"Rob Shulz","startTime":2239.755,"endTime":2243.584,"body":"level, but then we also have some"},{"speaker":"Rob Shulz","startTime":2239.755,"endTime":2243.584,"body":"momentum type allocation as well."},{"speaker":"Rob Shulz","startTime":2243.605,"endTime":2247.415,"body":"I'm a big fan of international,"},{"speaker":"Rob Shulz","startTime":2243.605,"endTime":2247.415,"body":"both emerging and domestic."},{"speaker":"Rob Shulz","startTime":2247.487,"endTime":2250.567,"body":"I think you have to be there and,"},{"speaker":"Rob Shulz","startTime":2247.487,"endTime":2250.567,"body":", we're starting to get rewarded there."},{"speaker":"Rob Shulz","startTime":2250.589,"endTime":2251.639,"body":", a little bit of real estate."},{"speaker":"Rob Shulz","startTime":2251.639,"endTime":2255.239,"body":"What we do is we peel the"},{"speaker":"Rob Shulz","startTime":2251.639,"endTime":2255.239,"body":"rates out of our, our stock,"},{"speaker":"Rob Shulz","startTime":2255.239,"endTime":2256.649,"body":"our like our S and P stuff."},{"speaker":"Rob Shulz","startTime":2256.919,"endTime":2258.459,"body":"And then we invest in at separately."},{"speaker":"Rob Shulz","startTime":2258.459,"endTime":2262.065,"body":"With our, with our larger"},{"speaker":"Rob Shulz","startTime":2258.459,"endTime":2262.065,"body":"clients,  alternatives, which are"},{"speaker":"Rob Shulz","startTime":2262.125,"endTime":2263.855,"body":"alternatives, anything but a stock."},{"speaker":"Rob Shulz","startTime":2263.855,"endTime":2268.145,"body":"So like real estate or oil and gas,"},{"speaker":"Rob Shulz","startTime":2263.855,"endTime":2268.145,"body":"things like that start to become more and"},{"speaker":"Rob Shulz","startTime":2268.145,"endTime":2272.248,"body":"more important to have, have some things"},{"speaker":"Rob Shulz","startTime":2268.145,"endTime":2272.248,"body":"you're just looking for stuff that's"},{"speaker":"Rob Shulz","startTime":2272.248,"endTime":2274.198,"body":"maybe a little bit different to add in."},{"speaker":"Rob Shulz","startTime":2274.648,"endTime":2278.998,"body":"Cause if you go like all,"},{"speaker":"Rob Shulz","startTime":2274.648,"endTime":2278.998,"body":"excuse me, all S and P 500."},{"speaker":"Rob Shulz","startTime":2279.718,"endTime":2279.958,"body":"Yeah."},{"speaker":"Rob Shulz","startTime":2279.958,"endTime":2281.458,"body":"That's 500 stocks."},{"speaker":"Rob Shulz","startTime":2281.608,"endTime":2282.118,"body":"Okay."},{"speaker":"Rob Shulz","startTime":2282.718,"endTime":2287.248,"body":"And , so you're, you're going to be up"},{"speaker":"Rob Shulz","startTime":2282.718,"endTime":2287.248,"body":"and down a lot more than if you get, it"},{"speaker":"Rob Shulz","startTime":2287.248,"endTime":2290.228,"body":"gets spread out a little bit more and"},{"speaker":"Rob Shulz","startTime":2287.248,"endTime":2290.228,"body":"you're going to miss some opportunities."},{"speaker":"Rob Shulz","startTime":2290.288,"endTime":2290.798,"body":"If you do that."},{"speaker":"Average Joe Finances","startTime":2291.011,"endTime":2292.151,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":2292.421,"endTime":2295.991,"body":"Now I like, so you're, you're definitely"},{"speaker":"Average Joe Finances","startTime":2292.421,"endTime":2295.991,"body":"very well diversified and it sounds"},{"speaker":"Average Joe Finances","startTime":2295.991,"endTime":2298.881,"body":"like, , you treat it the same way"},{"speaker":"Average Joe Finances","startTime":2295.991,"endTime":2298.881,"body":"with the way you treat your clients."},{"speaker":"Average Joe Finances","startTime":2298.881,"endTime":2299.931,"body":"So that's, that's awesome."},{"speaker":"Average Joe Finances","startTime":2299.932,"endTime":2304.104,"body":"So there's, , there's a lot to take away"},{"speaker":"Average Joe Finances","startTime":2299.932,"endTime":2304.104,"body":"here and just a lot of great information."},{"speaker":"Average Joe Finances","startTime":2304.669,"endTime":2307.879,"body":"But I want to ask you because"},{"speaker":"Average Joe Finances","startTime":2304.669,"endTime":2307.879,"body":"there there's, , for somebody"},{"speaker":"Average Joe Finances","startTime":2307.879,"endTime":2310.939,"body":"who's just getting ready to get"},{"speaker":"Average Joe Finances","startTime":2307.879,"endTime":2310.939,"body":"started, and this is something"},{"speaker":"Average Joe Finances","startTime":2310.939,"endTime":2312.079,"body":"that they're looking to get into."},{"speaker":"Average Joe Finances","startTime":2312.079,"endTime":2314.194,"body":"They, they finally got"},{"speaker":"Average Joe Finances","startTime":2312.079,"endTime":2314.194,"body":"themselves out of debt."},{"speaker":"Average Joe Finances","startTime":2314.194,"endTime":2317.507,"body":"The, either did the envelopes or they're"},{"speaker":"Average Joe Finances","startTime":2314.194,"endTime":2317.507,"body":"doing sinking funds or something."},{"speaker":"Average Joe Finances","startTime":2317.927,"endTime":2322.187,"body":"And now they're at a point"},{"speaker":"Average Joe Finances","startTime":2317.927,"endTime":2322.187,"body":"where, Hey, I've got this cash"},{"speaker":"Average Joe Finances","startTime":2322.187,"endTime":2323.477,"body":"and I want to start investing."},{"speaker":"Average Joe Finances","startTime":2323.477,"endTime":2325.007,"body":"I want to start paying myself."},{"speaker":"Average Joe Finances","startTime":2325.407,"endTime":2327.837,"body":"Do you have any like tips or"},{"speaker":"Average Joe Finances","startTime":2325.407,"endTime":2327.837,"body":"tricks you would recommend for"},{"speaker":"Average Joe Finances","startTime":2327.837,"endTime":2330.997,"body":"somebody who's getting ready to"},{"speaker":"Average Joe Finances","startTime":2327.837,"endTime":2330.997,"body":"get started on this journey today?"},{"speaker":"Rob Shulz","startTime":2332.377,"endTime":2335.567,"body":"Yeah, I think the first tip"},{"speaker":"Rob Shulz","startTime":2332.377,"endTime":2335.567,"body":"is to use your employer, , and make"},{"speaker":"Rob Shulz","startTime":2335.567,"endTime":2337.967,"body":"sure that, that you are socking away."},{"speaker":"Rob Shulz","startTime":2338.537,"endTime":2339.707,"body":"Some qualified money."},{"speaker":"Rob Shulz","startTime":2339.707,"endTime":2342.707,"body":"First qualified just means"},{"speaker":"Rob Shulz","startTime":2339.707,"endTime":2342.707,"body":"it's tax deferred, it's in a"},{"speaker":"Rob Shulz","startTime":2342.707,"endTime":2344.667,"body":"401k or something like that."},{"speaker":"Rob Shulz","startTime":2344.695,"endTime":2349.905,"body":"And go big, , I think, we get tempted"},{"speaker":"Rob Shulz","startTime":2344.695,"endTime":2349.905,"body":"that oh three percent's enough"},{"speaker":"Rob Shulz","startTime":2350.025,"endTime":2352.125,"body":"because you get matched to that."},{"speaker":"Rob Shulz","startTime":2352.125,"endTime":2353.385,"body":"Let's say that's pretty common."},{"speaker":"Rob Shulz","startTime":2353.655,"endTime":2356.235,"body":"You get maybe matched"},{"speaker":"Rob Shulz","startTime":2353.655,"endTime":2356.235,"body":"dollar for dollar to 3%."},{"speaker":"Rob Shulz","startTime":2356.745,"endTime":2357.315,"body":"That's not enough."},{"speaker":"Rob Shulz","startTime":2358.715,"endTime":2364.535,"body":"I'm talking 10, 12, depending on your"},{"speaker":"Rob Shulz","startTime":2358.715,"endTime":2364.535,"body":"situation, but it should be, it should"},{"speaker":"Rob Shulz","startTime":2364.535,"endTime":2366.885,"body":"be a big number and you should feel it."},{"speaker":"Rob Shulz","startTime":2366.885,"endTime":2370.271,"body":"And then from there you do have to"},{"speaker":"Rob Shulz","startTime":2366.885,"endTime":2370.271,"body":"have that intermediate money that I"},{"speaker":"Rob Shulz","startTime":2370.271,"endTime":2373.991,"body":"like to call that it doesn't have any"},{"speaker":"Rob Shulz","startTime":2370.271,"endTime":2373.991,"body":"strings attached from the government."},{"speaker":"Rob Shulz","startTime":2374.866,"endTime":2377.136,"body":"No, no tax benefits or anything like that."},{"speaker":"Rob Shulz","startTime":2377.147,"endTime":2379.997,"body":"But you don't get taxed that bad"},{"speaker":"Rob Shulz","startTime":2377.147,"endTime":2379.997,"body":"on it, so you need to have it."},{"speaker":"Rob Shulz","startTime":2380.088,"endTime":2384.068,"body":"And you can get a financial advisor"},{"speaker":"Rob Shulz","startTime":2380.088,"endTime":2384.068,"body":"for that, cause this is what I am."},{"speaker":"Rob Shulz","startTime":2384.068,"endTime":2387.278,"body":"I recommend a fee only financial"},{"speaker":"Rob Shulz","startTime":2384.068,"endTime":2387.278,"body":"advisor because I'll work for"},{"speaker":"Rob Shulz","startTime":2387.278,"endTime":2388.838,"body":"you and not for the big company."},{"speaker":"Rob Shulz","startTime":2388.898,"endTime":2390.698,"body":"But any rate rewrite, you can do that."},{"speaker":"Rob Shulz","startTime":2391.118,"endTime":2393.974,"body":"Or you can use some of the robo advisors."},{"speaker":"Rob Shulz","startTime":2393.974,"endTime":2395.472,"body":"We actually use betterment."},{"speaker":"Rob Shulz","startTime":2395.652,"endTime":2395.972,"body":"I like."},{"speaker":"Rob Shulz","startTime":2395.984,"endTime":2401.129,"body":"They, they do a really good job of setting"},{"speaker":"Rob Shulz","startTime":2395.984,"endTime":2401.129,"body":"up a a full allocation and ETF allocation."},{"speaker":"Rob Shulz","startTime":2401.609,"endTime":2404.789,"body":"And what's cool is we can use"},{"speaker":"Rob Shulz","startTime":2401.609,"endTime":2404.789,"body":"betterment and use our models"},{"speaker":"Rob Shulz","startTime":2404.819,"endTime":2406.349,"body":"inside of their technology."},{"speaker":"Rob Shulz","startTime":2406.889,"endTime":2408.929,"body":"And, it's, it's all it's"},{"speaker":"Rob Shulz","startTime":2406.889,"endTime":2408.929,"body":"stuff you would expect."},{"speaker":"Rob Shulz","startTime":2408.929,"endTime":2411.149,"body":"It's, , you can look at it on"},{"speaker":"Rob Shulz","startTime":2408.929,"endTime":2411.149,"body":"your smartphone and all that."},{"speaker":"Rob Shulz","startTime":2411.149,"endTime":2415.679,"body":"It's really low, low, low, low"},{"speaker":"Rob Shulz","startTime":2411.149,"endTime":2415.679,"body":"minimum initial investments."},{"speaker":"Rob Shulz","startTime":2416.099,"endTime":2420.368,"body":"And I'm, I'm a really, I'm a big fan"},{"speaker":"Rob Shulz","startTime":2416.099,"endTime":2420.368,"body":"of all that technology that starting up"},{"speaker":"Average Joe Finances","startTime":2420.558,"endTime":2421.758,"body":"Yeah,"},{"speaker":"Average Joe Finances","startTime":2420.558,"endTime":2421.758,"body":"that's that's awesome."},{"speaker":"Average Joe Finances","startTime":2421.878,"endTime":2424.839,"body":"Great advice for somebody who's"},{"speaker":"Average Joe Finances","startTime":2421.878,"endTime":2424.839,"body":"looking to just get started."},{"speaker":"Average Joe Finances","startTime":2424.839,"endTime":2425.961,"body":"I really appreciate that."},{"speaker":"Average Joe Finances","startTime":2425.961,"endTime":2430.281,"body":"So listen, we've, we've talked about a"},{"speaker":"Average Joe Finances","startTime":2425.961,"endTime":2430.281,"body":"bunch of awesome things, especially for"},{"speaker":"Average Joe Finances","startTime":2430.621,"endTime":2433.911,"body":"folks that are getting ready to start"},{"speaker":"Average Joe Finances","startTime":2430.621,"endTime":2433.911,"body":"investing or for those that are in debt."},{"speaker":"Average Joe Finances","startTime":2433.911,"endTime":2434.541,"body":"And they're trying to figure."},{"speaker":"Average Joe Finances","startTime":2435.386,"endTime":2438.586,"body":"How to get out out and get this"},{"speaker":"Average Joe Finances","startTime":2435.386,"endTime":2438.586,"body":"how to save their money, how to"},{"speaker":"Average Joe Finances","startTime":2438.586,"endTime":2440.896,"body":"get that cash, how to have an"},{"speaker":"Average Joe Finances","startTime":2438.586,"endTime":2440.896,"body":"emergency fund and everything."},{"speaker":"Average Joe Finances","startTime":2440.896,"endTime":2443.836,"body":"So it's, I really like when we can"},{"speaker":"Average Joe Finances","startTime":2440.896,"endTime":2443.836,"body":"talk about things like this, cause"},{"speaker":"Average Joe Finances","startTime":2443.836,"endTime":2445.822,"body":"it's kind of like a back to the basics."},{"speaker":"Average Joe Finances","startTime":2445.822,"endTime":2446.152,"body":"Right."},{"speaker":"Average Joe Finances","startTime":2446.482,"endTime":2449.602,"body":"And , for a lot of people that have"},{"speaker":"Average Joe Finances","startTime":2446.482,"endTime":2449.602,"body":"been following my show, like, , we get"},{"speaker":"Average Joe Finances","startTime":2449.602,"endTime":2453.172,"body":"deep into other things and sometimes"},{"speaker":"Average Joe Finances","startTime":2449.602,"endTime":2453.172,"body":"we forget about like coming back"},{"speaker":"Average Joe Finances","startTime":2453.172,"endTime":2455.482,"body":"to where you should be at to start."},{"speaker":"Average Joe Finances","startTime":2455.842,"endTime":2456.202,"body":"Right."},{"speaker":"Average Joe Finances","startTime":2456.202,"endTime":2459.4,"body":"So I really appreciate your take"},{"speaker":"Average Joe Finances","startTime":2456.202,"endTime":2459.4,"body":"on all this  it's definitely"},{"speaker":"Average Joe Finances","startTime":2459.4,"endTime":2460.45,"body":"been super informative."},{"speaker":"Average Joe Finances","startTime":2460.72,"endTime":2461.05,"body":"Right."},{"speaker":"Average Joe Finances","startTime":2461.05,"endTime":2462.456,"body":"And and I really appreciate that."},{"speaker":"Average Joe Finances","startTime":2462.456,"endTime":2467.851,"body":"So for people that want to find out"},{"speaker":"Average Joe Finances","startTime":2462.456,"endTime":2467.851,"body":"more about you about Rob Schultz where"},{"speaker":"Average Joe Finances","startTime":2467.851,"endTime":2472.036,"body":"can they find out more about you and,"},{"speaker":"Average Joe Finances","startTime":2467.851,"endTime":2472.036,"body":"and your financial advisement firm"},{"speaker":"Average Joe Finances","startTime":2472.092,"endTime":2473.487,"body":"where can they find out about you guys?"},{"speaker":"Rob Shulz","startTime":2474.537,"endTime":2474.957,"body":"Yeah."},{"speaker":"Rob Shulz","startTime":2474.97,"endTime":2480.46,"body":"Well, You can go to my website, which"},{"speaker":"Rob Shulz","startTime":2474.97,"endTime":2480.46,"body":"is schulzwealth.com spelled weird."},{"speaker":"Rob Shulz","startTime":2480.55,"endTime":2485.14,"body":"It's S C H U L Z, no, T Schulzwealth.com."},{"speaker":"Rob Shulz","startTime":2485.86,"endTime":2487.09,"body":"A lot of really good information there."},{"speaker":"Rob Shulz","startTime":2487.09,"endTime":2488.491,"body":"I write all the time."},{"speaker":"Rob Shulz","startTime":2488.509,"endTime":2492.649,"body":"I have a book it's called Thoughts"},{"speaker":"Rob Shulz","startTime":2488.509,"endTime":2492.649,"body":"on Things Financial we put out last"},{"speaker":"Rob Shulz","startTime":2492.649,"endTime":2497.172,"body":"year that is also like this it's"},{"speaker":"Rob Shulz","startTime":2492.649,"endTime":2497.172,"body":"like that base fundamental knowledge"},{"speaker":"Rob Shulz","startTime":2497.172,"endTime":2498.652,"body":"that a lot of people are looking for."},{"speaker":"Rob Shulz","startTime":2498.982,"endTime":2500.902,"body":"So you can buy the book"},{"speaker":"Rob Shulz","startTime":2498.982,"endTime":2500.902,"body":"on Amazon or where."},{"speaker":"Rob Shulz","startTime":2501.667,"endTime":2505.447,"body":"It's called Thoughts on Things"},{"speaker":"Rob Shulz","startTime":2501.667,"endTime":2505.447,"body":"Financial, and then in Facebook,"},{"speaker":"Rob Shulz","startTime":2505.567,"endTime":2509.377,"body":"I have a Facebook group called"},{"speaker":"Rob Shulz","startTime":2505.567,"endTime":2509.377,"body":"thoughts on things, financial."},{"speaker":"Rob Shulz","startTime":2509.467,"endTime":2512.107,"body":"And if, if you want to,"},{"speaker":"Rob Shulz","startTime":2509.467,"endTime":2512.107,"body":"you can join in there."},{"speaker":"Rob Shulz","startTime":2512.129,"endTime":2515.999,"body":"It's a closed group, but I'll, I'll"},{"speaker":"Rob Shulz","startTime":2512.129,"endTime":2515.999,"body":"let you in and we can talk about"},{"speaker":"Rob Shulz","startTime":2515.999,"endTime":2519.089,"body":"stuff there and you can get kind"},{"speaker":"Rob Shulz","startTime":2515.999,"endTime":2519.089,"body":"of some resources there as well."},{"speaker":"Average Joe Finances","startTime":2520.009,"endTime":2520.489,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":2520.509,"endTime":2523.629,"body":"Hey, so I'll make sure I have links"},{"speaker":"Average Joe Finances","startTime":2520.509,"endTime":2523.629,"body":"to all that in our show notes."},{"speaker":"Average Joe Finances","startTime":2523.629,"endTime":2526.325,"body":"When this episode airs to make it"},{"speaker":"Average Joe Finances","startTime":2523.629,"endTime":2526.325,"body":"easier for those that are listening,"},{"speaker":"Average Joe Finances","startTime":2526.325,"endTime":2530.4,"body":"you can click it or copy and paste or"},{"speaker":"Average Joe Finances","startTime":2526.325,"endTime":2530.4,"body":"if you, if you're driving right now,"},{"speaker":"Average Joe Finances","startTime":2530.43,"endTime":2534.124,"body":"take that mental note of the websites"},{"speaker":"Average Joe Finances","startTime":2530.43,"endTime":2534.124,"body":"that that Rob just, just gave you."},{"speaker":"Average Joe Finances","startTime":2534.124,"endTime":2534.544,"body":"And."},{"speaker":"Average Joe Finances","startTime":2535.199,"endTime":2539.359,"body":"And check it out when you're done"},{"speaker":"Average Joe Finances","startTime":2535.199,"endTime":2539.359,"body":"with your commute and hey Rob, it's"},{"speaker":"Average Joe Finances","startTime":2539.359,"endTime":2542.885,"body":"been an absolute pleasure talking"},{"speaker":"Average Joe Finances","startTime":2539.359,"endTime":2542.885,"body":"with you from everything, from what"},{"speaker":"Average Joe Finances","startTime":2542.885,"endTime":2545.725,"body":"you've done, , in the Navy, helping"},{"speaker":"Average Joe Finances","startTime":2542.885,"endTime":2545.725,"body":"some of our junior sailors out to"},{"speaker":"Average Joe Finances","startTime":2545.725,"endTime":2550.208,"body":"what you're doing now over the last"},{"speaker":"Average Joe Finances","startTime":2545.725,"endTime":2550.208,"body":"25 years, mind you doing some amazing"},{"speaker":"Average Joe Finances","startTime":2550.208,"endTime":2551.708,"body":"things and helping a lot of people out."},{"speaker":"Average Joe Finances","startTime":2551.708,"endTime":2555.691,"body":"So I really appreciate you and everything"},{"speaker":"Average Joe Finances","startTime":2551.708,"endTime":2555.691,"body":"you're doing, and I really appreciate"},{"speaker":"Average Joe Finances","startTime":2555.691,"endTime":2557.521,"body":"you taking the time to, to chat with me."},{"speaker":"Rob Shulz","startTime":2558.446,"endTime":2559.736,"body":"Oh, I really enjoyed it."},{"speaker":"Rob Shulz","startTime":2559.736,"endTime":2560.756,"body":"Thanks for having me, Mike."},{"speaker":"Average Joe Finances","startTime":2561.626,"endTime":2562.196,"body":"Absolutely."},{"speaker":"Average Joe Finances","startTime":2562.196,"endTime":2563.576,"body":"And from Hawaii, Aloha."}]}