Q&A: Buying a $600K Beach House, Newly-Married Finances, & Employer Matches

24:36I believe the cap is$35 ,000 as long as you're the beneficiary, and there's no penalties, and there's no taxes upon that rollover. So you could do that. You could get your Roth IRA up and running if you don't already have one. You could then invest in some of these funds we talk about, like VOO, QQQ, AIQ, some of those, and you'll be up and running. Or you can also use some of these funds completely penalty-free if you wanted to use them for other educational purposes. Maybe you want to take some AI driven courses to really become an expert in AI or robotics. Maybe you want to go to a trade school and get your electrician certification so you can become an electrician since that's going to be a great trade moving forward for decades to come.

25:21But you have a lot of options here without making you use the money for traditional college. What would you do at 18 years old right now if you were in cool shoes? I'd probably do the trade school because if you could get a free ride to just go become a plumber and electrician, maybe you could become like a IT specialist that focuses on data center growth because that's a huge category for the next three, four or five years. I would probably go to trade school because they are going to be the new millionaires. 10 years ago, we were telling everyone to learn how to code. Now we're telling everyone, you don't need to learn how to code, go become an electrician or a plumber or something like that, that it's going to take a lot longer and a lot more difficult for robots to take over those trades.

26:06So it sounds to me like coal needs to roll over 20, maybe 30 ,000 of this 40 ,000 in this 529 to his Roth IRA, which again, you can only do up to the contribution limit per year. So 7 ,500 this year, probably 7 ,500 next year. Just like figure out what that looks like. But over the next call it three, four, five years, get 20, 30 ,000 rolled over into your Roth IRA invested into VOO and QQQ. And that money should turn into several hundred thousand, if not low millions adjusted for inflation when you are 67 years old, assuming you contribute no more money. So congrats on being a future millionaire.

26:43And then use the other five, 10,$15 ,000 in your perspective, Robert, to go learn more about plumbing, electrical, HVAC, stuff like that, and then hopefully work in maybe some data centers. I think that's a good way to think about this. I'm just trying to think, because we've heard this term, halo, which are these heavy asset, low obsolescence sort of businesses that are essentially not going to get displaced by AI. And as you think about your career, Cole, I would think about what are those businesses, which again, just use AI to help you understand what they are. But two, how do you begin to work at those businesses?

27:19Is it a HVAC? Is it plumbing? Is it electrical? Maybe it is something completely different. I mean, there's always people that are building homes and getting these homes frames and then, you know, inspected and like all these other different things. And I just there is so much to learn at your age. There's also like, for example, like, I just think about people that are doing irrigation installation for sprinkler systems. And I mean, I have no idea if humanoid robots are ever going to be able to do that in my lifetime. Like you just think about these types of physical businesses that, and again, you're 18 years old, dude, you have so much time to figure this out and be completely ahead of everyone else when it comes to money.

28:00So here's what I would do if I were you do that rollover. We talked about go scoop chicken at Chipotle or Cava or whatever, making 15, 18 bucks an hour. So like you're actually working and getting some stuff done. But while you're doing that work part time, right? Live at home, whatever, but get a job. Don't just sit around all day. The other 20 to 40 hours a week that your brain needs stimulation and you're working and you can think of that's when you do the research for the next month or two, maybe between now and the end of summer. Like, what is it that Cole wants to do to ensure that in the next two or three years, Cole is working for an HVAC company or Cole is doing housing or data center or industrial inspections?

28:40Or maybe Cole is doing the stuff where he's installing sprinkler systems or like whatever that might be. just spend some time doing this research because you're in this awesome situation where you have enough money to not have to worry about retirement in the near term per se. I'm sure you're living at home. So now you can kind of scoop chicken and make a little bit of money doing that and just kind of pay your bills, gas, stuff like that, and have the next three or four months to really figure out where you want your career to be. And the last piece of advice I'd give you, Cole, is that your first choice is probably not going to be the right one.

29:10You're probably going to do something. You're going to realize two years in you made a mistake and you're going to be like, I can't believe I've spent all this time, energy and focus on wanting to be an HVAC guy when I knew I should have been a plumber. I knew I should have worked on cars. I knew I should have done something else. But Cole, you're so young, you will make mistakes. And there's absolutely an opportunity to say, dang it, that didn't work out. Let me go try something else. Maybe you're gonna be 32. And that's when you really figure out that you want to be a chef, right? Who knows?

29:37But that's the mindset I'd have into this is let me go try things. Let me go learn things and then not really put so much pressure on myself to make the perfect right decision at 18 years old, because I'm 29 years old right now and I'm still figuring out what I want to do when I grow up. I love that takeaway. And it's the pressure part for me because we live in a society right now where so many fake gurus are on the internet telling people to go do their own thing and quit your job and do all that. Yet you think about electricians and plumbers and some of these other trades that aren't going to be taken over by humanoid robotics, they're going to make a hundred and some thousand dollars a year.

30:10You get weekends off most of the time. You have nights off. Entrepreneurship is hard. When you build your own thing, it is hard. And I'm not saying you shouldn't look at that, but so many people, if you can build a skill set to have a high paying job and have nights and weekends off so you can have your little boat and your jet skis and go have fun, do that for a while. because like Austin said, you don't need to figure this out when you're 18 or even 28. You've got a whole life ahead of you and you need to learn what works for you and build off of that. But if you are able at the age of 18 to start implementing rich habits in the sense that you start investing consistently just a little bit, right?

30:50You work hard every single week. You don't spend more money than you make, right? If you can start implementing these types of habits in your daily life at the age of 18, they will follow you until you're 28, 38, 48, and you will be richer than you could ever imagine because learning to do the right thing at a young age is the easiest way to just be rich when you're older. I wish someone shook me by my shoulders and said, Austin, do these things specifically and I didn't have to go make all the mistakes along the way, but that's part of life. You're gonna make mistakes too, Cole. Everything's gonna be fine.

31:21So our next question comes from Trey on Instagram. Trey says, hey guys, I love the show. I'd appreciate your input on my situation. I'm 21 and I've been married for less than a year. My wife and I bring in$6 ,000 a month and we're planning to buy a house within the next two years. Right now, we're saving$3 ,000 a month in a high-yield savings account toward that goal. Soon, we'll have an additional$1 ,000 a month freed up that we can either save or invest. We're also being gifted$10 ,000 and we're unsure whether to put it toward the down payment house fund or invest it for long-term growth. For retirement, I'm contributing$300 a month to my simple IRA with a 3 % employer match.

31:56My wife currently has$4 ,000 in her Roth IRA, and we are planning to open up a Roth IRA for myself as well. Given all of that, how would you recommend we split our money between saving for a house and investing for the long term? That's a really good question. So let's do some math here for our friend Trey. So Trey is saving, let's call it$4 ,000 a month because they said soon we'll have this additional$1 ,000 freed up. So at$4 ,000 a month, you guys are saving$48 ,000 per year toward this house down payment fund, which over the course of two years, it's about$100 ,000, right? We could round it down.

32:32Let's call it$90 ,000. But$90 ,000 at a 20 % down payment buys you a$450 ,000 home. I don't know exactly in what part of the country you all live in. You said that you plan to buy in the house the next two years. So$90 ,000,$450 ,000 median home in greater Nashville area, assuming you don't go buy a mega mansion, is like, again, that$400 ,000 to$600 ,000 range. So I feel like you guys, over the next two years, by doing this$4 ,000 a month, will have enough saved to buy this home, which tells me I can then take this$10 ,000 that I'm being gifted, invest it and rock and roll. That's what I would do.

33:12If I'm on track here to save$90 ,000 over the next two years, I'm on track to accomplish my goal. And someone gave me a$10 ,000 gift. If that person, let me be very clear. If that person said, I want you guys to take this money and use it as a down payment on the house, you use it as a down payment on the house. You don't go use it to put it in your Roth IRA or go buy a jet ski or whatever going on. You do what they gave you the money to do because you do that out of respect. So do that if that's what it's for. But if it's straight up, hey, congrats, you guys got married or something. Here's$10 ,000.

33:41And it's a willy nilly 10 grand to do whatever you want with. I would use it to max out my Roth IRA for 2026 at 7500. I would then use the remaining 2500 to contribute to my wife's Roth IRA. And congrats, you guys now have some good money in retirement. And you're on track to save 90 to$100 ,000 over the next two years. What I miss Robert, I don't think you missed anything. I'm going to put a little wrinkle into this. I think you should take the$10 ,000. That should go directly towards the house. Everything else would go towards your investment accounts, but I wouldn't go buy a house right out of the gate.

34:16I would buy a duplex, triplex, or a quadplex, live in one unit for one to two years, use the Fannie Mae 5 % down mortgage, and then you could get a$400 ,000 or$500 ,000 house for $20 ,000 or$25 ,000 out of pocket versus exhausting a lot of money and waiting two or three more years. So that's the only thing I would add is don't buy too much house out of the gate. Consider house hacking and using this 5 % down mortgage because you don't have your base built yet. And I don't want you spending a big portion of all this great money you're putting aside on a dream home because you're 21 years old. You're going to change what you want.

34:55Things are going to change in your lives. And I would rather see you have a modest home to start that's a duplex or a triplex or a quadplex, then build towards the dream home. Because once you move out of that in a year or two and buy the dream home, maybe it's three years, then that rent from that triplex will pay for a lot of the dream home. That's the only thing I would change. I would start house hacking first, then get to the dream home down the road. So with that then, Robert, you would be assuming that they would buy the same$450 ,000,$500 ,000 piece of real estate, but instead of it being a single family home, it's going to be a duplex, maybe a triplex if they can find one.

35:33And then they would only put 5 % down on it versus 20 % down on a single family home. Maybe talk more about how important it is when it comes to house hacking to think about their sort of monthly payment in total versus the renters and how to maybe do some math around that and think through maintenance and things of that nature. Yeah, I love it. And just to give everyone a backstory, I bought my first property at 22 years old, it was a fourplex. It was actually a threeplex that I converted into a fourplex. And it was amazing because back then, and I'll round this up to now, I lived in the biggest apartment and I rented the other three.

36:08And for pretty much the eight years I lived there, I ended up staying there for eight years. I loved it. They paid my entire payment. My entire mortgage was paid by them. Now I had to pay for upkeep and insurance and other things. But in this scenario, now the same thing applies. Let's say you move a tenant in, in the average rent in this area's $1 ,400 a month for each side of this duplex. Well, if they pay, let's say it even ends up only being 30 or 40 % of your payment, but you're still making the upside appreciation on this property. It's going to let you build more wealth now, rather than coming out of pocket 20 % plus closing costs and everything else.

36:49That's why I think everyone should start out house hacking, because too many people that have$26 ,000 saved and invested for retirement, go buy a house, drain all that money, and then they're starting back at zero with a primary home. Whereas with house hacking, there are so many other advantages to it on top of lowering your monthly living cost down, which is one of the hardest things keeping people out of the wealth building game right now is living costs. So that's why I believe everyone, especially at 21 years old, should consider house hacking to save the money, capital appreciation. And then think about this, when you move out of that property, let's say in two years, you buy the dream home, you're crushing it, your base is built, then you have two sources of income coming from that to go towards your bills and your investments.

37:39And that's why I would start there and keep building. I think that last part is really important to double click on. So Trey, make sure if and when you actually do go buy a duplex or a triplex or make it a quadplex or whatever. And I think a lot of people are thinking this too, Robert. Cool, Robert, you bought real estate 40 years ago for 12 strawberries like every other person. We get that. So I think it's important to acknowledge that real estate is very different now than it was 40 years ago. But Trey, if I were in your shoes, I would run the math and ensure that to Robert's point, if you do have an end goal of like leaving the duplex, triplex, quadplex, and actually allowing it to be rented all two or three or four units that it cash flows without you supplementing the mortgage to live there.

38:25Because nothing would suck more than saying, my name's Trey, I bought this triplex, the monthly mortgage is, I don't know, let's just call it something round, like$6 ,000. And two people pay me$1 ,500 a pop. So that's$3 ,000 to$6 ,000. And then Trey pays the other$3 ,000. So now Trey's paying three and then his two tenants are paying$1 ,500. So that covers the whole mortgage of$6 ,000. But if Trey left, now he's only making$4 ,500 on his$6 ,000 mortgage. And so it doesn't cash flow and it's a bad investment, like bad news bears. So Trey, whatever you end up doing, also run the numbers to ensure that in two, three, five years from now, when you end up moving out, that it doesn't have to just be completely supplemented by you, but that it will somehow cash flow and that there's, you know, comparable rents.

39:14And, you know, there's things you can do to ensure that it will cash flow without you living in the units as well. And one more thing I want to talk about as well is so many people get stuck on I have to live here when there could be a tertiary market 20 minutes away where housing and properties are highly inexpensive. That's why where I'm from Toledo, Ohio, even to date, you can make 60, 70,$80 ,000 a year in Toledo, Ohio and thrive because you can buy a duplex, even a larger duplex in Toledo, Ohio for under$200 ,000 in a good neighborhood near the parks, near good schools, and it's more affordable.

39:55So I think that's important for the broader message here. Yes. Is San Francisco impossible to buy a duplex? Yes. Is downtown Nashville and Miami impossible? Yes. But there are all these tertiary markets that are just outside of there. And we do live in a commuter society now where most people work from home. So you can have that home be a little bit further out in a place that is more affordable so you can build your wealth early and often. Yeah, Robert, I completely agree. I'm in a tertiary market from Nashville. And I'm looking at it right now. There's a duplex for sale here. Looks beautiful.

40:32$494 ,000, right? And I'm sure there's a world where with the right numbers down, the right rents, like something like that could work. So I completely agree not to be so nailed down to I have to live in this specific location or whatever it might be like sacrifice a little here to make a little bit over there. Or, you know, it was great advice my old boss gave me when I first graduated college and started working in Nashville, because I wanted to live downtown, I wanted to have the nice apartment, I want to do these things, but it was very expensive. And I asked him his perspective on that. And he said, Well, if you're living downtown, and you're spending a lot of your monthly income to live downtown, you live downtown, you don't have extra money in your budget to go on vacations to go on those road trips to go, you know, do these other things like you are being very intentional with your spending to live in that area.

41:22And so I think that goes for a lot of people listening where they live right now, they might have, oh, but I love San Francisco. Oh, I love this part of, you know, but I'm right on the beach. Of course, I can't leave like whatever. That's totally fine if you want to be there. But you have to be intentional and understand that like, I'm spending money to live here that I could be saving so much more if I wanted to live 3045 an hour away from where I live right now, in a much more affordable location. That's a really good way to look at it in a great breakdown. But also I want to add that so many people that I know, let's go back to Ohio, currently, they have to live in the certain neighborhood, the certain school district, they have to have the certain cars, they have the HOAs, they have the private schools, all this stuff.

42:06Then they wake up and the kids are finally grown at 55 years old and they have no savings because they live beyond their means because they had to do what everyone expected of them rather than what's doing best for them and their family for the long term. So make sure all of you contemplate everything we just discussed to understand you have to live according to your income and your debt-to-income ratio, not according to your friends because they're all broke trying to keep up with the Joneses. Well, Robert, speaking of keeping up with the Joneses, we've got this question from an anonymous listener.

42:39They say, hey, guys, please keep me anonymous. I'm in a bit of a dilemma right now, and I'm not sure what to do. I've got$5 ,900 worth of credit card debt at 28 % APR. All of this is debt from Christmas and going out with my friends on the weekends. I always pay my credit card on time and make a little bit more payments than the minimum, but it feels like it goes up every single month. My credit card just keeps going up and up and up, and I don't understand what's going on. Unfortunately, I don't have any savings set aside. All of my money is on Robinhood invested in the stock market. I've got$20 ,000 in there and I'm afraid to do anything with it because it took me so long to get to this point.

43:16I do have a custom whole life insurance policy that I can borrow$4 ,400 against. If I should do that, maybe I put that and use it to pay off my credit card. The interest rate on my whole life insurance loan would be 5.8%, which is a lot lower than my credit card. I also have a 457 plan through my job with$32 ,000 in there. Should I take money out of that? I don't know what to do. Well, anonymous listener, we got your back. Everyone finds themselves exactly where you are. Christmas hit, you spend the credit card travel, gifts, all that stuff. Weekends, they get away from you. I get it. It's okay.

43:52Everyone finds themselves in credit card debt sometime, some way. Do not beat yourself up over this. There is a plan out. Here's the plan. Step number one, cancel your whole life insurance policy. You are paying hundreds of dollars a month for this whole life insurance investment, whatever indexed universal life, whatever they want to try and scam you with here saying it's going to get invested, whatever. If it's invested in your money, why do you have to borrow it? Why do you have to pay interest on your money? That's not an investment. That's called a scam. So our anonymous listener, please, number one, cancel the policy, forfeit whatever you got a forefoot, take the cash value and put that back in your pocket if there is any cash value and use that to start paying off these credit cards.

44:37But that is the first thing I would do. Now to ensure I do that correctly, I would go to assurance.com slash rich habits and I would first search for a term life insurance policy that is between 10 and 20 times my annual income. So maybe 500 ,000 to a million dollars of a term life insurance policy that you pay$30 a month for instead of$300 a month for this scam life insurance policy with this whole life provider. And that is how you get insured for death. Okay. So like do that first and foremost. Now you're thinking, okay, guys, I got a little bit of cash value. I still got this credit card stuff.

45:12I don't understand why it keeps going up. Robert explained to our friend here why it seems that despite paying the minimums and a little bit more, their credit card balance continues to tick higher. And our favorite phrase, as it relates to investing with credit card debt, You can't out invest high interest debt. Number one thing right now, if you look at the S &P 500, we talk about it all the time. It's down three or four percent for the year right now. Not good. But if you look at your credit card APR, 28 percent, you're never going to out invest that. So in my opinion, the first thing I would do for anonymous listener, I would take the money out of Robin Hood or from the cash value that you get back from the life insurance policy.

45:51I would pay off the credit cards and do this. Don't go out on weekends and put it on credit cards. If you don't have the money set aside after you've done your Roth IRA, after you've done your budget, you've paid all your bills, because that's what people do that stay broke their entire lives. They think I have this credit. I'm going to use it and I'm going to go out and have fun. and you never get out of this rat race. That's first and foremost what I would do because you have this high interest debt that you're going to keep using every single time you need it and you're never going to get ahead because you have$20 ,000 over here on one hand, not making anything, but you're paying 28 % on this hand and you could wipe that 28 % out right away by taking the money from the cash value and the$20 ,000 that's in Robinhood.

46:36100%. So what we're going to do is we're going to take whatever cash value you might have with this whole life insurance policy after you surrender it. If you don't have any, that's fine. Just getting out of this policy is going to pay for itself. Take money from your Robinhood account, assuming it's in a normal taxable brokerage account. It's not retirement money. And you're going to take that and you are going to use it to pay off this debt. I don't care if you got to pay a little bit of taxes on it. You could probably be a little strategic by selling things that might be losses or whatever you can figure out there to ensure there's not a big taxable hit on your on your brokerage account on Robinhood.

47:07But that's first and foremost, how we're going to be thinking about this, my friend. Now, as it relates to sort of what I was alluding to there, Robert, whenever you have this minimum monthly payment, and this kind of goes back to our conversation with Max Lebchin from a firm, which I think, you know, he's building a company that's doing so well about transparency, as it relates to, you know, revolving credit versus installment loans and things like that. And this is just another example of exactly what he was explaining. The credit card companies make money off interest. And so they make money when you keep a balance.

47:37So if they can make it as obscure or confusing as possible to ensure that, yeah, you make the minimum, but like you still have a balance, like they're going to do that. It's in their favor to take money from you. They have shareholders. They've got the big buildings downtown. They got to go build, right? So what you need to be thinking about here is not so much the minimum payment. This is not an installment loan where you have a monthly payment that if you pay it for a period of time, you pay off the debt. Credit cards are very different than that. Your minimum payment is just the minimum to service the interest only on the debt or a portion of the interest on the debt.

48:10So if you are someone that goes and racks up$5 ,900 worth of credit card debt at 28%, your monthly minimum payment is going to be$45,$55, maybe$95, but that only services a portion of the interest. It is not at all paying off the principal. You have to go in there yourself and make a principal-specific payment. You have to go in there and say, pay balance,$5 ,900, wipe it out, not pay minimum $92, see you later next month, because all of that 92 is going towards servicing the interest of the debt, not the principal itself, which is why you see, for example, your credit card just go up and up and up.

48:52You're like, I've been making my payments. Why does it keep going up? It's not an installment loan. They're trying to trick you to only pay them interest, which unfortunately they've been doing to Americans for a very long time. So please take$5 ,900 from your Robinhood account, any cash value you might have when you surrender your whole life insurance policy. And then the biggest thing here is your credit card debt is a symptom to a larger problem. Your larger problem is you don't have a budget. You don't have an honest budget. You do not know where their margin is. You don't know exactly how much you need to save to ensure that you're not going into credit card debt.

49:27You don't know how much you need to be setting aside every month to ensure that next Christmas that comes around at the same time every single year, you actually have money, you're forecasting, you're being proactive with your money, you're not reacting to, oh, Christmas is here, got to go swipe the credit card for five grand because I got to go see my family or buy these presents or whatever's going on. You have a symptom of a larger problem, which is you do not have a budget. You need to go download our honest budget. You need to write down every single category, every single line item, understand exactly what you're spending money on, start cutting things out of your monthly spending that's going to allow you to take that margin, begin investing, begin building a sinking fund, an emergency fund, like all these things we talk about on the show.

50:10Please take your finances seriously because 5 ,900 quickly turns to 20 and then 30 ,000. And then you find yourself in this hole and it's just, it's just terrible. So please figure this stuff out. We think we've given you enough here to take control of your money, but we're rooting for you, our anonymous listener. And for everyone else watching and listening to this episode that's in this trap, get out of this trap as soon as possible. I know it's easy when you have all these credit cards and they keep offering you more. Well, guess what? You're a great customer because you use them and you don't pay them off and they make a ton of money off you.

50:43Stop doing it. Stay at home on weekends. Grill out. Have your friends come over. Maybe do a fun little night at one of your houses and buy a case of beer rather than paying$7 a beer at the bar. You can't live beyond your means forever if you ever want to retire with dignity. And I hope this helps. I think just to really reiterate that if you are broke, it's okay to act broke. I've got friends that were in credit card debt that made 50, 60, 70 ,000 a year. And when they say, Hey Austin, I'm not going out. I can't afford to do these things, but I'll meet you at your house and we can play some PlayStation five.

51:19If you want to do some rocket league, be a real friend and be like, sure. Let's like, come over. Let's hang out. Let's do things that do not put you further in financial harm. And if your friends to our anonymous listener are like, oh, you're not coming out with us on the weekends, like you suck, then they're not your real friends anyway. Right? Like, like, you have to be able to say, I am broke people, I must act like a broke person right now. And that's okay. Because broke is not poor. Broke means you don't have any money. Poor is a mindset. And no one listening to this show should feel like they're poor, because we're only broke, right?

51:51If you're broke, that's okay. I've been broke. Robert's been broke. We've all been broken our lives, but we have the mindset to be wealthy and you need to have that same mindset. And if your friends don't share that with you, then maybe they're not your real friends. I love that takeaway. And I can't remember what comedian, this was like 30 years ago, but he said, I'm not poor. I'm broke. I can't pay for the stuff I already have. And that's just it. That's your whole thing is people stop living beyond your means to impress people because there's going to be no one to pick you up. We can't say it enough.

52:22Please get a budget. We have a free one in the show notes and get your affairs in order so you're not running up credit cards for$7 beers. All right, Robert, we are almost up on time here. We've been pulling them along. Last question, super quick from Sabrina. Can you please advise what new investors should be doing during this time of market volatility with the current war going on? I've got$5 ,000 I want to invest in my Roth IRA, but I'm nervous with the volatility and everything happening. What should I do? You should take all$5 ,000, deposit it into your Roth IRA, and in one fell swoop, buy$5 ,000 of VOO and forget about it.

52:59Full stop. Roth IRA is a long-term retirement account. What happens right now is not going to matter in 20 years when you're actually going to be using this money. What happened 20 years ago does not matter today when it comes to people that were investing 20 years ago. And what's happening now is not going to matter in 20 years from now, 30 years from now. I don't know how old you are, but I mean, I'm sure decades of investing in the stock market. Sabrina, don't overthink this. Deposit that 5 ,000, get it invested, let it grow for decades, and you'll be just fine. Yeah, no one can time the market, Sabrina.

53:28I promise you that. All the smart people that say they can, they can't. Just get the money in, become an investor, be up and running, be consistent and let it ride because you will make money over time. And just people don't sit on the sidelines. That's the number one takeaway for me. Everybody, thanks so much for tuning into this week's episode of the Rich Habits podcast question and answer edition. We love that you come back every single Thursday to listen to Robert and I answer questions. If any of these questions resonated with you, please consider leaving us a five star review on Spotify, on Apple, hit the like button perhaps on YouTube or wherever you're tuning in right now.

54:05Any way to just give us a little bit of positive vibes, we would very much appreciate it. And don't forget, on Spotify, every single episode, we've got the comment section and we've got polls. So we're asking you fun little cute polls here and there. Comment, answer the polls, do whatever you can. We love hearing from you all. It's our favorite thing. We get back to every single comment on Spotify as something we take a lot of pride into. So if you leave us a comment on Spotify, chances are we're going to get back to you there. And we're just super grateful. And always remember, you all have friends and family members that have blind spots and financial issues.

54:38Maybe they're the ones with the high credit card balances or they're the ones sitting on the sidelines. Share the episodes. Share and tell them about the Rich Habits Network and the Rich Habits Newsletter. All of these things are great resources to help you get to the next level and get your money in order. Thanks, everyone. And we'll see you tomorrow for our Friday episode, the Rich Habits Radar.

55:15We'll see you next time.