#1321 I Don't Understand... Arden Four

October 2, 2024Scott Benner

Scott and Arden discuss financial literacy, focusing on topics like taxes, retirement savings, and budgeting.

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DISCLAIMER: This text is the output of AI based transcribing from an audio recording. Although the transcription is largely accurate, in some cases it is incomplete or inaccurate due to inaudible passages or transcription errors and should not be treated as an authoritative record. Nothing that you read here constitutes advice medical or otherwise. Always consult with a healthcare professional before making changes to a healthcare plan.

Scott Benner 0:00
OmniPod, welcome back, friends to another episode of The juicebox podcast.

Arden and I are back today with another episode of I don't understand. Today. We're going to talk about money, interest, savings accounts, taxes, stuff like that that Arden doesn't understand. Nothing you hear on the juicebox podcast should be considered advice medical or otherwise, always consult a physician before making any changes to your healthcare plan. When you place your first order for ag one with my link, you'll get five free travel packs and a free year supply of vitamin D drink, AG, one.com/juice box. T 1d, exchange.org/juice, box. Go there. Now, join the registry. Take the survey. Takes about 10 minutes. They're going to ask you questions. You know the answers to they're looking for people who have type one diabetes. They're looking for people who are the caregivers of someone with type one diabetes, and you have to be a US resident if you fit the bill, take the survey. T 1d exchange.org/juice, box. They take your questions, they take your answers, they smush them all together, and then they use that information to move type one diabetes research forward. You want things to get better, go take the survey. T, 1d exchange.org/juice, box. All right. All right. You ready for the main event? Here comes

this episode of The juicebox podcast is sponsored by cozy Earth. Cozy earth.com use the offer code juicebox at checkout to save 40% off of the clothing, towels, sheets, off of everything they have at cozy earth.com today's podcast is sponsored by us med. US med.com/juice box. You can get your diabetes supplies from the same place that we do. And I'm talking about Dexcom, libre, OmniPod, tandem and so much more us, med.com/juice, box, or call 888-721-1514, okay, so you tell me that it's my decision what we're going to talk about today. Yeah. Okay, so I'm looking at the list this

Arden Benner 2:18
whole conversation. I'm blind too. I can't see anything. I took my glasses off because my headphones squeeze them so, so everything is blurry. Yeah, and if you're making any, like, facial movements or I can't see them, just so, you know,

Scott Benner 2:30
do it? Should I turn my camera off? Or no,

Arden Benner 2:32
no, I'm just letting you know. Okay, so

Scott Benner 2:34
I have two. I'm down to two. I'm gonna let you pick between two. Should I? No, that

Arden Benner 2:40
is not what I just said.

Scott Benner 2:43
All right. Well, the one is like a thing you said you don't understand, and I don't know if you have the energy to really dig into it. Do you have the energy to dig in?

Arden Benner 2:51
I'll never have the energy to dig in. So pick one of them. Okay,

Scott Benner 2:55
I have to be honest with you, I never understand what you mean when you say, I don't understand money, what

Arden Benner 3:03
does that mean? It means I don't understand money.

Scott Benner 3:07
I don't I don't understand what you mean when you say, I don't understand money. What about money? Don't you understand everything? Okay?

Unknown Speaker 3:18
I don't.

Arden Benner 3:20
I don't understand how you're not picking up what I'm putting down right now. Okay, so

Scott Benner 3:25
I'm not, like, you can't possibly mean I don't understand the the relationship between giving someone money for goods or services, or, do you mean that?

Arden Benner 3:36
Like, I don't understand, like, how, like, realistically, how you're supposed to get a job and save enough money for everything that you need. I don't understand all of the different accounts that money is supposed to go into. I don't understand retirement funds. I don't understand how to pay your taxes. I don't understand literally anything about money. So I've decided I will be marrying someone, and they will, in fact, have to take care

Scott Benner 4:01
of that. Okay, so let's go over this, because I think these are things you can understand

Arden Benner 4:05
when I'm when I'm at a point in my life where I'm making enough money that I, like, really need to figure my out. Like, I just want you to know that if I'm not in a relationship with another person, you will be getting a call, and you're gonna have to figure out my money for me.

Scott Benner 4:23
Well, what if you What if you lose money because you're not paying attention to it, or you let somebody help you and turns out to be a jerk and takes all your money? That's all we're talking about right now. We're

Arden Benner 4:32
talking about the fact that I don't even understand it. I probably wouldn't know.

Scott Benner 4:35
Okay, so I'm making a list here, taxes, accounts, retirement savings bills. What else? Yeah,

Arden Benner 4:44
I'm, I'm not doing multiple podcast episodes on this. No, this is we're talking about it right now. Yeah, all right, I'm

Scott Benner 4:50
just putting that out there. Okay, what else? Say that again. I don't even know. I

Arden Benner 4:57
did say it, Dad, what

Scott Benner 4:58
about like? Like? Loans. You understand a loan?

Arden Benner 5:02
Yeah, you get some money. They pay it back to you. Like, interest, loans, I don't really get, okay,

Scott Benner 5:09
interest, um, even how to get a job, how much money you need? Yeah,

Arden Benner 5:17
just like, that doesn't make sense. Like, how are people making enough money to live?

Scott Benner 5:21
Okay, how do people make enough money to live? Well, people make, obviously, all different kinds of money, but I think, yeah, but still, I think that big picture, people who live without going into debt just tailor their lives to the amount of income that they have. Like, most people do that. But like, Do you know how people

Arden Benner 5:47
will say you should make little charts or whatever, and like, like you're spending and how much you're spending, you know, a month in like, kind of whatever, that whole thing,

Scott Benner 5:57
what would that little chart be called? You know, starts with a B, starts with a B. Sounds like budget. Like, yeah, people, people make a budget to, like, see how much money they have coming in, what all their bills are. The chart, I know what

Arden Benner 6:11
about I know what a budget is, okay. What do you mean? It sounds like a budget? Well,

Scott Benner 6:15
no, I thought you were trying to get to budget, but you didn't know the word no. I was

Arden Benner 6:19
trying to get to the point that I've never actually met a human being who does that.

Scott Benner 6:23
Okay, well, and, like,

Arden Benner 6:27
not just because I'm, like, 20, like, it's not like, oh, like, my 20 year old friends don't do it. Like, I've met their families. I've met other like, I don't know a single person who actually does that. And if you're not doing that, how you actually know also, how about this? How about people who say they don't have money and then they whip out, like, $400 and buy stuff.

Scott Benner 6:47
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Arden Benner 9:28
That's a different story.

Scott Benner 9:29
I'm just saying that is a different story. Okay, so let's start with this, because you're going to get a job at some point in your life, right? God, I hope so. Okay, let's hope that happens, and then they're gonna pay you. We don't know how much, not really important for the conversation. Do you understand how that's gonna happen?

Arden Benner 9:51
Yeah, I'll get this degree. And pray I understand. I

Scott Benner 9:55
meant when you physically have a job and it's time for payday. Do you know what happens? They pay me like. What are you talking about? I'm saying, Do you real? Do you know how that like, if somebody said to you, okay, like, you know, it's time you work here now, you know they're probably going to want to direct deposit into your account, or they're going to hand you a physical check. There's only, like, one of two ways it's going to happen. Yeah, I understand that. Okay, all right, so you have to have a bank account. Wait, let

Arden Benner 10:17
me. Let me rephrase my question. I understand how life works. Dad, I don't understand how money works. I know that you have to hand someone a check. Don't need to help me with that. I don't understand retirement funds, how that money adds up, like, that whole thing, like, I don't get it. Okay,

Scott Benner 10:36
perfect. So first, let's go over this. When you get paid as a US citizen, as the taxpayer. Here's what's going to come out of your check. You are going to pay federal income tax. You're going to pay a state income tax in most states, there are some states where they don't have that you're going to pay a tax to Social Security, a tax to Medicare, a local tax, sometimes Employee Benefit deductions, like if you have a 401 K and you're funding it, the money will come out of your check before you get paid. That's called pre tax money. So you're able to save $10 if you put $10 into a 401 k, the entire $10 goes into it. You're not taxed until you close out the 401 K and take the money out. If you take it out sooner than before you're retired, then they'll tax more of it. If you wait till you're retired, they'll tax less of it. If you have life insurance, health insurance, that all will come out. If your health insurance is through, the company will come out there. If you work in a union situation, that you may pay union dues from your taxes too. Now I'm going to just say here at the 2024, rate, uh, let's, let's like, what's the what's an amount of money? Like, what's what do most people make? Like, what's an average amount of income for people? I just want to pick an average Hold on a second also,

Arden Benner 11:53
like, I don't understand

Scott Benner 11:56
how people can buy houses anymore, okay? Because where do you get all that money from? Where

Arden Benner 12:02
do you get all that money from? The market's only going up, and all the people who are starting to buy houses now are probably people who are, like, in their 30s, right? Starting a family. At the rate we're going, they probably don't have enough money to buy houses. So is that going to change? Like, our house is not going to be a thing as frequently as they used to be. Is it going to be more apartment living? Like what homeownership

Scott Benner 12:27
will be down is what you're wondering? Yeah, is that true? We're going to get to that because that's probably happening already. So I put in $63,000 as an income. Because I asked, you know, what's the average US salary? It gave me $63,000 so for the 2024, brackets, for a single filer, you'd pay 10% on income, up to $11,000 12% on income up to between 11,040 4000 these are like, I'm not saying the exact numbers, 22,000 on income, between 44 and 95 so for a person making $63,000 a year, The first 11,000 is taxed at 10% you pay $1,100 to the federal income tax. Payment from the first 11,000 the next portion is taxed at 12% or $4,047 so those, the remaining portion is taxed at 22% that's the amount over 44,000 which is $4,025 so a person who makes $63,000 a year will pay $9,172 in federal income tax. So take your 63k and subtract nine grand right off the top. You don't have that anymore. Okay, so hold on a second. So we're gonna say your job is $63,000

Arden Benner 13:40
and you lost. I get this. So then what do you do? Oh,

Scott Benner 13:46
I see. All right, hold on a second. I'm gonna keep going. So we have the number. You're gonna lose about $4,000 in Social Security tax. You're gonna lose about $1,000 for Medicare, excuse me, Medic, yeah, Medicare and, and and there's going to be a state income tax like, here's an example. Like, Texas has a zero state, Florida has 10% so it could be anywhere in there. So we're just, we'll, we'll ignore that for now. But you make $63,000 you live in Texas, you really only have 50 grand. Now, are you going to put money into your 401, K to try to save for the future? Maybe you are. I don't know how much that's going to be. That comes out of the 49 as well. You know, what would people say normally, is, you put in as much as you can. Some people put in 2% people put in some companies match up to a certain percentage. So like, some companies will tell you, like, hey, put in up to 6% we'll match up to 6% so if you put in 6% of your income pre tax, which over here would be, I don't know how much, like 3600 a year. Then they'll put in 3600 as well. And we'll get to how that, like adds up over time. So now you got $50,000 and what you're saying is, I'm out of college. I got 50 grand. I'm making a year. I don't have any money saved. How am I supposed to save up? Enough money while I'm renting somewhere to put a down payment on a house, right? Because, if you're like, what the Yeah, I'm hearing you. Because you have 50, say, you have 50 grand apartments at this point, rank, like small apartments range anywhere from, you know, a few $100 a month, depending on where you are, all the way up to, I've seen 1600 $1,900 a month in some like metropolitan areas, right? Yeah, around here in New Jersey, I think you're gonna easily pay $1,500 a month for a one bedroom apartment, yeah? So then the idea is maybe you'd go to a two bedroom apartment and pay $2,000 a month and then split that with somebody, and then now for a roommate. Now you got 1000 gone, but it doesn't matter. Let's say you're paying, let's just say you're paying $1,000 a month, which would be cheap for rent. So I got your 49 so good.

Arden Benner 15:49
I don't understand how, like, how 10 prices go up for things, but the wage doesn't go up. How is that allowed?

Scott Benner 15:58
Why don't incomes rise at the rate of inflation. You

Arden Benner 16:04
know, I understand inflation. I'm just saying, like,

Scott Benner 16:06
how come, that's allowed. How come? How come? Yeah, allowed. It's a free market. I took $12,000 off for rent. You're down to $37,000 now. You planning on driving a car? Yeah, okay, if you were to buy a car, like a new car that costs $50,000 that's a lot, but let's so let's say less, but let's just say 40,000 let's say you have a $40,000 car, $40,000 car loan. Right now rates are at like, 6%

Arden Benner 16:38
Oh, like, rates and like, Oh, someone else take care of it. When I was you can get, like a financial advisor, right to help you with this stuff, and they'll help you figure this out, right? Then you got to pay them. Yeah, but you have to pay them. It's so ridiculous. What about the fact that I learned, like a couple years ago that when you have a child, when you go to the hospital, have a child, you have to pay, like, an outrageous amount of money to make

Scott Benner 17:04
the because the hospital's a private organization. It's a company, yeah, what the like? So a $40,000 car loan at 6% and I spread it over seven years to make the payment as low as you could is. It says 84 months. So they're going to charge you a VIG interest on the money to lend you the 40 grand, right? Also, they're not going to just give you 40 grand. If the car is worth $40,000 they're going to expect you to put down a down payment of about $4,000 probably. So let's say you go to buy this $40,000 car after your first year. Now you got to give them four grand. So your 37,000 goes down to 32 33,000 and let's see what the payments are on this. So you're gonna pay on $40,000 I should have said 36,000 but on $40,000 you're gonna pay $584 a month for 84 months, and pay back 49,000 total dollars on the $40,000 you borrowed to buy a $40,000 car at today's interest rate of 6% from a bank, you're actually going to pay $50,000 for the car, 40,000 to the car company, 10,000 to the bank. They'll lend you the money. It's going to cost you about $584 a month. Yeah, see, I'm not following, okay, what part all of it? So it's just like, I Oh, okay, what part didn't you follow? Yeah, I

Arden Benner 18:32
just told you all of it.

Scott Benner 18:33
There's a company that makes a car Ford, okay? They tell you, it's cost you $40,000 you walk in, then you go, I want that $40,000 car, please. They say, Okay, you're gonna think of us $4,000 they say, Okay, fine, give us $40,000 and you say, I don't have $40,000 and they might say to you, well, go to a bank and try to borrow $40,000 from them. So let's say you go to your bank and they agree to give you $40,000 first of all, you don't own the car. The bank does. The bank buys the car and lets you drive it while you're paying them for it. See, I

Arden Benner 19:07
hate that. It's not great. Just give me the car.

Scott Benner 19:12
It's your car. You'll drive it every day, trust me, if you crash it into somebody that's on you, not the bank.

Arden Benner 19:17
Sometimes you ever just think about all this stuff, and you're just like, literally, we're on a floating rock, and we're all gonna die pretty soon. So just, honestly, just,

Scott Benner 19:27
that's all. It's just stop, drive a car.

Arden Benner 19:30
Yeah. Like, what are we doing?

Scott Benner 19:32
So you would like it if the people at Ford Motors showed up didn't, like, ask you for any money for their car, and maybe in in exchange, you could work in a town where the people at Ford work, and if they needed food, you'd give them food, and if you needed a car, they'd give you a car. Vice versa, the people who made the seats would give the like we'd all trade for everything. I mean, then your whole life would be making the the seats for the cars to give to Ford so that some. Anybody else would give you food so that, like, you know, I mean, like, it would be,

Arden Benner 20:03
I understand we need money, you know, because we aren't great at everything. We know how to do everything. Other people know how to do things that we can't do, and we need their help, and therefore we need something that is going to force them to help us. And, you know, whatever, I

Scott Benner 20:16
get that under something to get people out of bed in the morning. So, yeah, money,

Arden Benner 20:21
right? But sometimes I'm just like, guys come on. Like, if someone needs to go to the hospital and they can't go because they can't afford it, it's just like, guys come on. Like,

Scott Benner 20:32
that sucks, right? So you think maybe it would be nice if healthcare was somehow subsidized by the government, that's a whole different problem. Okay, so let's go back to your car. Now, it's $584 a month, every month, but you only make So let's kind of go backwards a little bit. You only make $63,000 a year. Yes, okay, now what if I have children? Yeah, you shouldn't do that, probably. So you have children like, what? What am I going to do? So keep in mind that this $63,000 you you're gonna lose, we gave like the full number that you'll lose every year in taxes, which is 9000 for the Fed, 4000 for Social Security. So 910, 1112, 1314, probably about 15 grand, right? But you gotta split that up over 12 months. So if I take 15,000 divided by 12, it's 1250 so I take the 63,000, divided by 12, you're going to make about $5,200.50 cent, $5,250 a month. Then we're going to, like, take out, like, let's just say 1200 for taxes. So you're really going to bring home $4,000 a month, or $1,000 a week. Of that you're going to pay. This is why you're not going to end up with a $40,000 car. But of that, you're going to pay $584 for the car. Now you're down to $3,400 and we said maybe $1,000 for rent. Now you're down to $2,400 you're gonna a car is gonna need gas. Gas is expensive. Let's say you gotta drive to work. Let's take out $400 for gas and auto insurance. Now you're down to $2,000 now, were you planning on eating? No.

Arden Benner 22:15
Not anymore, not so like,

Scott Benner 22:20
also, you have a fair amount of medical needs, you know, you're gonna absolutely have to get your health insurance from the company. I assume that's gonna cost, I don't know about, probably three or $4,000 a year. So hold on a second. Um, let me just take 3000 divided by no but also

Arden Benner 22:40
to get like, good insurance, you need a good job. Yes,

Scott Benner 22:44
there are a lot of companies that give you crappy insurance, and that's so then,

Arden Benner 22:49
let's say I can't get a job like that. Great right away. Then you have to, you have to pay more, even though you're making less. Basically, yes, I just

Scott Benner 22:57
took out $250 for health insurance payments a month, but that's just to have the insurance that took you down to 1800 then you're actually gonna have to spend the money to get this stuff. So, but let's skip that for now. We'll go back to the medical stuff. How much do you think you're gonna need for food a month?

Arden Benner 23:12
God, I don't know. Wait, so off topic. But like, say you have a kid, right? And that kid wants a toy, yeah? But I want a pair of shoes, I have to give him the toy. He

Scott Benner 23:23
teach the kid to shoplift the shoes because the toy is cheaper. Okay, I don't know what you're gonna do there. We're down to $1,816 a month. We have to take out your food.

Arden Benner 23:32
Wait, why are you skipping past the real question?

Scott Benner 23:34
I think you have

Arden Benner 23:35
to buy the kid a toy. It's a choking hazard. I would never do that.

Scott Benner 23:39
How much do you think food costs for one person a month? How much does How much do not? Does do groceries cost for an American, adult monthly? $200 200 Oh, honey, I don't think that's gonna even get you a bag of beans. 300 a low cost plan is 250 to 300 a moderate cost plan 350 to 450 a liberal, like a liberal, like you're spending more is 500 to 600 let's say we put you in the middle and we take out $350 a month for groceries. Now you're down to $1,466 you've got leftover. I don't know what your medical stuff is going to cost. I know what we put out every year for it. It's a lot, but let's just take a number. Let's take $5,000 and divide that by 12 and say that your medical costs are $416 a month. This is round. I'm going to now remove that. Okay, so now we got the car, the gas, the car insurance, the rent, the food, the medical insurance, the taxes and the medical supplies. You have $1,000 left. How much are the shoes? Probably $1,000 now let me ask you, go ahead. Are you gonna have a pet by any chance?

Arden Benner 24:59
Chance? Oh, that's what I was gonna say. I was gonna say, what if I have three chameleons? Then you gotta buy crickets. I actually don't want that was a joke. Go ahead. Well, no, I'm not gonna have a pet because of this. You're

Scott Benner 25:12
definitely not gonna have a pet. A bag of dog food that we buy is like 40 bucks, and when Indy was alive, we needed two a month. Now we're using less, because basil's tiny. I mean, do you get your nails done? How about how about your eyebrow threading? What's that

Arden Benner 25:28
cost? So serious,

Scott Benner 25:30
I need to do that. So personal care, hygiene, makeup, it's like 12 bucks for Eyebrow threading. I'm taking that off minus 12. Are you planning on getting your hair cut?

Arden Benner 25:39
Yeah, I'm I'll be broke by the time this is over, I'll be in debt. Well,

Scott Benner 25:44
then that's what ends up happening, is that, is that eventually people use a credit card for something, and then,

Arden Benner 25:51
yeah, let's throw in there a Mrs. Degree. You're

Scott Benner 25:55
gonna get an Mrs. Degree. Yeah, that's, this is how it's going. Keep in mind, we have not gone over household goods, like cleaning supplies, kitchenware, furnishings you don't have. Yeah, I

Arden Benner 26:08
know. So, okay, so you're proving my point. I don't understand. I don't get it. How is it? How does that work? Well,

Scott Benner 26:13
I think what most people do is, when they start off, people give them furniture to get started if they have, like, friends or family, like, usually, sometimes your mom will be like, oh, yeah, I was thinking of getting a new sofa, which is code for, if I give you my sofa, will you take it? Because I don't really want a new sofa, but I don't want to offer to buy you a sofa. So, like, maybe you'll get stuff from people to get started with, but you're missing, like, we still haven't hit like, internet. Do you want to watch television? Yeah, I

Arden Benner 26:39
understand. I don't.

Scott Benner 26:40
I'm gonna take out.

Arden Benner 26:41
I get it. I don't need this interview. I'm just saying, right? It's ridiculous. Yes,

Scott Benner 26:47
you're gonna be, I don't under, yeah, I

Arden Benner 26:48
don't understand how you're supposed to do all this, and then how you're supposed to retirement fund. You're also supposed to have an emergency fund.

Scott Benner 26:56
Like, yes, what do they say your emergency fund should be? This people probably laugh out, I think they say the equivalent of two months of your pay. Hold on, how much money do they? Whoever they is, suggest you have

Arden Benner 27:14
people who are going to steal it from you. Emergency Fund,

Scott Benner 27:17
yeah. Then on top of that, you got to deal with the rest of the world trying to take your money. Everyone's going to try to take your money. Every phone call you get that you don't know of it's somebody who thinks that they is trying to get your money. Emergency Fund guidelines, three to six months of expenses. Oh my. So if you with what we just did here, three months of your expenses would be $12,000.06 months would be 24,000 and that's, you know, in case you lose your job, in case there's something like that happens, if you have, yeah, it's ridiculous. Yeah. So your questions are, what Go ahead.

Arden Benner 27:51
I guess my questions are to men between the ages of 20 to 24 if

Scott Benner 27:59
you're looking for a girl who needs insulin, you've got good health care. I

Arden Benner 28:05
don't know what question. I just don't get it. I just don't understand you're supposed to do. It just makes sense to me. So I will

Scott Benner 28:10
say this, when mom and I were first together, we did not make very much money, but it was a different time. Obviously, I'm old now. I'm 53 when mom and I got married, I was like, Are you sure you're 53 I'm 100% sure there that right now I'm 53 and if I was born in 71 and married in 96 so 8190 I was 25 when I got married, and back then, I think I made $20,000 a year and mom, but

Arden Benner 28:39
Is that, like, a different amount of money now, like, what would Yeah,

Scott Benner 28:43
let's see, what is $20,000 income in 1996 equivalent to it's gonna go through, like, the inflation cycle. Give you like a reasonable answer here, $40,000 that's crazy. Yeah, so if mom and I both made 20, which is about what we were like doing back then, then that would be the same as two people living together right now, making 80. And then we were married for a handful of years, before mom got pregnant with coal, and then it all started. Now we when we were first married, we lived in an apartment. It was a one bedroom apartment at a fireplace. It was the last fireplace I've ever had in a place I lived. Oddly, we paid just under $1,000 a month for it. It was very expensive. Back then we were probably, I don't remember how much we were making, but if we were making 40 and then we were paying taxes, and maybe we had, maybe we had, like, 35 after taxes. We did have health insurance. We were paying for that. We did try to put money in our 401, K, it wasn't a lot. Then we paid for the the apartment, food we you know, we had some, like, we'd go out some. Times, and, you know, to dinner or to a movie or something like that, that money was going but back then, a movie cost like $5 for a ticket, maybe, I mean, like, popcorn was a couple bucks. And

Arden Benner 30:10
so it's like, what 16, $17 for a ticket and go to a movie. Yeah, sometimes

Scott Benner 30:15
it's 20. They're like, do you want the screen to be bright 20? You know what? I mean, like, you want to, do you want us to project it through a tinfoil? Well, for that, we can do it for 15 So, yeah, so that's the problem. Is that everything is going to cost money, and kids are exponentially expensive, like they get more and more expensive the longer they're alive. That's tough. And healthcare is tough. People sometimes don't take their kids to the doctor because they can't afford it. People are rationing insulin because they can't afford it. Like, there's all kinds of stuff going on. So your question is, how am I going to get by? Is that right? And forget, get and almost forgetting, like, how do I save money and have extra and maybe try to succeed? But like, how am I going to live? That's everybody's question. So is that what you mean when you mean when you say I don't understand money? No, not really, but like, you know, you want to go understand

Arden Benner 31:08
I don't understand anything. So I couldn't even ask the questions, because I don't get it.

Scott Benner 31:12
Okay, here's one for you. Let's say that you put $2,000 Am I gonna have to add and subtract? I'm gonna do it for you, $200 a month in a 401 K, and let's like, be generous and say it makes 5% a year, which would be crazy if it did that. But okay, makes 5% a year. So I put in $200 a month into my 401 K and it makes 5% a year. How much would it make in the first year, first decade, and in 25 years? Sometimes chat GPT messes this stuff up, but let's take a look, see what it gives you. Puts out the formulas like it's doing something. So there's an interest rate, okay? And that interest compounds, which compound interest is something I have to admit, I understand about enough to say that I know how it's piling up, but to describe it would not be within my purview. So it looks like, right now, it's just explaining to me what it's doing. So here are the amounts you're good.

Arden Benner 32:23
This is not, this is completely like, off topic, but continue what you're talking about.

Scott Benner 32:28
After the first year, if you put $200 a month in, you might you'd approximately have $2,466 it says after 10 years, you'd have about $31,000 and after 25 years, you'd have approximately $119,000

Arden Benner 32:46
so okay, but then what that's 20 years later? So $119,000 is equivalent to, what $80,000

Scott Benner 32:52
you'll still be able to go to a movie,

Arden Benner 32:56
maybe one movie with popcorn.

Scott Benner 32:58
Oh, wait, yeah, with inflation, what is 119,000 worth in 25 years? By the way, anybody who's not using chat GP is he like this? Chat GPT like this. It really is valuable for stuff like this. It makes mistakes, but you just kind of have to run your eyes over

Arden Benner 33:17
it and hope for the best. But it's great for dating Chad. GTP, I'm

Scott Benner 33:21
saying to the point of the conversation to have $119,000 in accumulative savings 25 years from now. It says the approximate worth of it in today's dollars is $56,000 that's crazy. So you'll have to save $119,000 to have the buying power of $56,000 in 25 years.

Arden Benner 33:42
Yeah. So it's, yeah, there's no point. All right, I got it.

Scott Benner 33:45
You think what that teaches you is, don't save money? No,

Arden Benner 33:48
it just teaches me to, I don't know, jump off a bridge or something. Now, here's my question. Go ahead. This is what money and like all that makes me think of, like the 1% and like all that, whatever, how is now, this sounds kind of insane, but I'm actually kind of surprised that our world isn't like The Hunger Games, or like divergent or like those dystopian sort of things, because, like, I feel like at some point we're gonna all be like, I don't know. You know what I'm saying. Well, I want to make sure, are you looking up what the Hunger Games is right now? No,

Scott Benner 34:23
I'm what I'm asking is, is the poorest person in the United States is equivalent to the richest person where? So the point of it is, is that the poorest person here probably is living significantly better than most people on the planet?

Arden Benner 34:35
No, I understand that, yeah. But I'm just saying, like, I think it's interesting that our world isn't split up, like, I don't know, like, I feel like that's like, such a thing that could happen

Scott Benner 34:46
is that people would say, what's the point of this? Like, why am I trying so hard if I'm gonna be poor at the end, or if I'm gonna be poor the whole time? Like, that feeling,

Arden Benner 34:56
no, you didn't listen to a thing. I just said, Say it again. Well, do you. Know what the Hunger Games and Divergent series are?

Scott Benner 35:02
Yeah? There's like, all right, I got her, so it's that girl from the Okay? And they got different towns, right? They have different districts. And those people have different, like, jobs within the society,

Arden Benner 35:16
yeah? So like, district one is like luxury or something. District 12 is like coal mining. There's like, district eight is textiles, like that whole thing. But each district goes in, like, the number of, like, how much money they make, basically, okay. And then in divergent it's like they're split up into factions. So there's like, erudite Amity, Abnegation, candor, like all that. They kind of, like split the world up. And I think it's so interesting that our world isn't really split up like that, but like,

Scott Benner 35:45
what is it not just sort of differently

Arden Benner 35:48
it? I mean, it is, but it's not inhumane. I guess the way that

Scott Benner 35:54
we it depends on what group you're in. I guess how you feel about it. Well, yeah. I

Arden Benner 35:57
Well, yeah. But I hear, you know what? I

Scott Benner 35:59
mean, yeah, an example. It just says here, I'm

Arden Benner 36:02
just saying this because I'm saying, like, I feel like, as the years go on, money gets so, like, you either have it or you don't have it, and at some point isn't that gonna just, like, divide the world in half?

Scott Benner 36:14
Probably already has. It says here that a person making $14,000 a year, annually in the United States. So that's making $1,000 before taxes, and they're probably taxed at a fairly low rate, but that makes them wealthier than people living in places like Sub Saharan Africa and Southeast Asia, where incomes can actually be significantly lower than that, and poor people in the United States still often have, not always, of course, but often have basic amenities, some sort of healthcare, some sort of education, etc. And that's not true in other places. All right, so what's a poor college student like you supposed to do? You take any comfort from the fact that most people end up okay. Think they work it out.

Arden Benner 37:03
There's a difference between they end up okay, and they end up happy.

Scott Benner 37:06
You think happy is money?

Arden Benner 37:09
I mean, like, comfortable is money, right? I mean, there's a lot of people aren't comfortable. They're just, like, making it well,

Scott Benner 37:17
there are plenty of people who wake up, make money, give it away. It's gone by the end of the week and they start over again. There's some people who don't make it to the end of the week

Arden Benner 37:24
with the money that they have. Yeah, that's not comfortable. Are you what? Yeah, no,

Scott Benner 37:28
I'm saying, I don't think that's I think that definitely means not comfortable. But are you joking? Like, does it make you think about marrying somebody when you don't want to? No, I would never do that.

Arden Benner 37:39
I'm just saying, making jokes. I

Scott Benner 37:41
know I know I just didn't want, I didn't know if it, if it felt pressuring like that. Do you think people pick the thing they study at school based on how much money they're trying to make? I mean, some people, yeah, that's a shame. It's probably how we end up with people who don't like, like their job, what they're doing, knowing they're doing, care, just trying to keep their job. Well, chat,

Arden Benner 38:01
whatever you're using right now. Let me. Let me put it down, because it's like, helping, like, med students cheat through school. Oh,

Scott Benner 38:11
so you're telling me, five years from now, I'm gonna get a doctor who's like, let me just ask my phone real quick. Yeah, yeah. How do you know that's happening?

Arden Benner 38:18
Because I see videos of it online everywhere. Kids in like, lecture halls, like, supposed to be learning, like, biology and this and that, and they're just using chatgtp to do, like, do their quizzes and stuff.

Scott Benner 38:28
Do you think that's going to matter? Do you think it's gonna have a big impact? Yeah. I mean, I imagine it will, too. I'm just wondering what you

Arden Benner 38:37
think. Yeah, you know, I most of the world is just idiots. So yeah, I do think that. And then if idiots feel like they have the right to do something intelligent, like become a doctor,

Scott Benner 38:48
so you're saying, What if someone who does not have the capacity? I

Arden Benner 38:53
think that we live in a world where people think they can do anything now, and I don't like that. I don't like that. You want everybody to know their limits. Yeah, they I know my limits. Get me a lane like, Listen, I'm not. I'm not trying to go to school for finance to help you guys out. Because, look at me, I don't know. You get it. I don't know. I don't get it. Not my thing. So, so you would like people stay in

Scott Benner 39:20
their lane, yeah? But you think people have a feeling like I could get anything accomplished now because I can, I've help in my pocket. Oh, 100% Wow. Interesting. You're seeing that right now at school.

Arden Benner 39:32
I mean, I've been seeing it since I was, like, in high school, and of kids I went to high school with who are doing stuff, and I'm like, Oh, my God, that person would probably pull on a push door, like I can't believe that they're gonna slice someone open one day. Is that a thing you often say? Because that's hilarious. That's how I feel. Oh, okay, pull on a push door is just how I feel. They're just that type of person. Okay, let's

Scott Benner 39:58
go back. Do you. So you understand taxes now. No, but listen,

Arden Benner 40:04
it's a great conversation we had. What

Scott Benner 40:06
about like you understand about how you save for retirement? Or like through a 401, k, for example.

Arden Benner 40:10
No, I know that. I just, you know what I think I'm learning. I don't want to do all of this. Okay,

Scott Benner 40:15
so you would like to not be involved in these things. Yeah,

Arden Benner 40:20
I might need someone to take care of this, from anyone who enjoys money. You know, all those fun I don't believe

Scott Benner 40:25
most people enjoy talking about this stuff. I think it's just the people that do. I take care of the money here, and I don't enjoy it. Well, yeah, but you have a podcast. Some people go to school for like, finance and Oh, economic. Oh, I see people who, like, love, like talking about numbers and money, will probably enjoy it. Yeah,

Unknown Speaker 40:44
so let's let them do it. Is

Scott Benner 40:46
that a tinder question? Do you enjoy money, not making it? I mean paying the bills, like physically writing out checks and going online and sending payments? Do you see, do you understand?

Arden Benner 40:58
Like to ask, I just like to ask people about their health insurance, honestly?

Scott Benner 41:01
Do you ask them that? Yeah, of course, I do. Do you understand how like credit ratings work? Oh, no,

Arden Benner 41:08
let's not do that. Okay?

Scott Benner 41:11
Because if you have poor credit, it decreases your borrowing power. Yeah. And then, instead of paying 6% which would be a good rate for a car loan, as of today, you could end up paying much more where we have that whole thing is so confusing, I don't understand it at all. Know how much credit card rates are right now?

Arden Benner 41:28
Oh, I actually just learned about this. Go ahead.

Scott Benner 41:32
Doesn't mean I know. Let's go with I feel

Arden Benner 41:35
like it's like between like seven to 12%

Scott Benner 41:37
18 to 25% APR. Oh, damn, which is nuts, right? So if I bought a $2,000 item on a credit card and could only afford to pay $40 a month in payments on an account with a 25% APR. How

Arden Benner 42:14
long? Oh, my God, could you do this any slower would

Scott Benner 42:18
it take to pay off the 2000 I'm asleep. This is gonna flatten your brain, by the way. So it's not you go out and you're like, I need a bed and a dresser and this and that, and I spend two by the way, good luck in a bed and a dresser and a mattress and everything for $2,000 but let's just say

Arden Benner 42:37
that happens. Good luck. It's gonna be ugly too. Well that might be true and ugly now, so

Scott Benner 42:44
also this thing told me there's an error, because the monthly payment of $40 is too low to even cover the monthly interest charge. So if you paid $40 a month on $2,000 to 25% you would never pay it off. You'd have to pay at least 4167 so let's say I pay 50 a month. Pardon, credit cards are maybe the worst decision you could make. You'd rather not have something than buy it on credit like this. Trust me, it will and

Arden Benner 43:16
could honestly, really you're supposed to start building your credit score though.

Scott Benner 43:19
Yeah, so you borrow money and pay it back immediately, like, I wouldn't put anything on a credit card. I couldn't pay off at the end of

Arden Benner 43:27
the month. You have to have that. So then how am I supposed to?

Scott Benner 43:30
Yeah, well, you're gonna, you're screwed. I haven't. I'm an adult, but like, you know you're, you're and a lot of people still can't. I'm just lucky that, like, we have two incomes, and we can do that, you know what I mean. But there are plenty of people who do this, and it is crazy. With a monthly payment of $50 it would take approximately, do you want to guess in

Arden Benner 43:50
years or months? Because, no, because I don't know what we're saying right now,

Scott Benner 43:53
if you paid $50 a month to try to pay back a $2,000 purchase on a credit card that was at 25% interest you would pay for seven years and three months to pay off the $2,000 that's 87 months And already 87 times 50 is $4,350 on 25% interest, you're gonna pay back the 2000 once over plus 350 you're gonna pay more than double the amount that you that you and where do you find out what happens when you buy a house? How much do you think a house car? You

Arden Benner 44:35
see what I'm saying when I'm like, oh my god, like, what am I supposed to do with my life?

Scott Benner 44:39
Yes, but doesn't this just tell you that the way society works is that you jump into the pool, you get a job, you buy a house and a car on credit. You make your payments every month, you try not to get cancer and you die at the end. Yeah, but for a young girl like me, Dad, it kills you. What about a How much do you think a house cost? Let's just say a $200,000 house. I just say $200,000 mortgage.

Arden Benner 45:04
I think that's, I think that's way below the average house price.

Scott Benner 45:08
It very well, maybe. But I'm saying, what about a $200,000 mortgage? I would

Arden Benner 45:12
say the average house price is probably $600,000

Scott Benner 45:16
what if I know average home cost in America. Google says median prices are Wow. It gives it state by state, but 354 30, Arkansas, 250 so I'm low, even for Arkansas. No, no disrespect to Arkansas. So let's go. Oh,

Arden Benner 45:37
I'm in a little disrespect. I'll

Scott Benner 45:38
put a lot of people listen from Arkansas. They're lovely people. $400,000 I'm sorry, mortgage at and let's see what the average interest rate is, average

Arden Benner 45:48
where, even, honestly, where is Arkansas on a map? I'm going to be so honest. All right,

Scott Benner 45:52
it's down to the left of Texas Near as I can, or of Tennessee. I think you

Arden Benner 45:57
know what? That's unfair to them, because you know Texas, that whole area, like, when you're looking at a map, you're only really looking at Texas. All right, hold on. So I'm

Scott Benner 46:06
doing $400,000 mortgage at 7% and meanwhile, I'm gonna look at a US map. No, I'm looking at the map. Yeah, it's right. It's to the west of Tennessee, is it not? I don't know. My phone won't load. All right, let's see, did you Did we say Arkansas? Yeah, yeah, I got it right. Well, I cursed. I didn't mean to curse. I knew it. I knew where Arkansas Wait Are we not supposed to curse on here. You can curse if you want, but now Rob has to cut it out. Oh, I've done it a lot. Arkansas, yeah. Oh, interesting, yeah, that whole

Arden Benner 46:39
little area right there. I've never thought about before, how

Scott Benner 46:43
much do I have to put down on a $400,000 mortgage? I mean, I think it's 20% like, is that what they want? Generally, 20% if you bought a $400,000 house, they'd ask you to put about $80,000 down just to get the loan. So then you're going to be financing $320,000 Does

Arden Benner 47:10
anyone live in New Mexico? Yeah,

Scott Benner 47:14
who I there's people listening that live in New Mexico and Arizona. And have you ever

Arden Benner 47:19
actually met someone who lives in New Mexico. I've met people who live in Arizona, but what about New Mexico? No never met them. I've

Scott Benner 47:25
interviewed people from New Mexico. How do you know that's true? Because they'd say, I live in New Mexico. They say that they do All right, ready? So you have a $400,000 house. You want to buy it, you have to hand them $80,000 in cash. So this is back to your question about, are people going to be able to buy houses? So if you make $63,000 a year, if you make $63,000 a year and live on a shoestring budget that, like we discussed earlier, and are able to save $500 a month, then it will take you about 160 months to save $80,000 and that is 13 years. So yeah, yeah, I guess that isn't gonna work out. So if in 13 years, saving $500 a month, you could save up $80,000 then you could give that $80,000 to a bank to buy a $400,000 house, which 13 years from now will probably cost more like $3 million then the 80,000 won't be enough

Arden Benner 48:27
and feel like I'm listening to a car commercial. Yeah.

Scott Benner 48:31
Well, you asked if you could buy a house, the question so the answer is, no, no.

Arden Benner 48:35
I didn't ask. I said, I can't I

Scott Benner 48:37
would think then the way this is happening is that people, young

Arden Benner 48:40
people are either inheriting their parents homes. They're either getting

Scott Benner 48:44
homes from family members. Maybe parents are giving them money as down payments. Maybe people are are co signing on loans and helping. I don't know. I mean, listen, like I said, we made 20 and 20, which apparently now is like 40 and 40. I couldn't buy a house back then. So the way we were able to buy a house, I'm happy to share this with people, is that mom and I bought a condominium, right? So we found a condo that was basically about the same amount of money every month as our apartment. We bought that thing. I think it was worth, I don't remember how much, not a lot. And somehow there was a was like a housing boom in the first two years that we lived there, and the value of the condo went up so much that we sold it took the money that we made from the sale and put it down on the house like so we couldn't afford a down payment. We just got lucky. We buy a condo. The value of the condo went way up. We sold the condo, took the extra money from the sale, put it down on a house, started over again. That house was a box, like it was terrible house, and I mean literally terrible, but it had a little bit of land. And we thought, okay, so now we have some land. And one day, maybe we can just build another house there. And that is what we ended up doing. But it took us the better part of 15 years to do that. Took a long time. I don't know, 15 years? Yeah, you don't, but you do gotta live, no. So what are you saying? You don't. You'd like to skip all that stuff in the beginning.

Arden Benner 50:20
Someone just make me famous. Like, honestly,

Scott Benner 50:24
but even that, like, fame nowadays, I

Arden Benner 50:26
know you have to be, like, a list celebrities, yeah, yeah.

Scott Benner 50:30
Fame's not the same as it used to be. I have a measure of fame, and that's meaningful. You don't get out of here. I do, but like, so some, some other people do too. Like, they just, they have, like, low level, like, you know, bubble fame, like, inside of it, to ruin the world. It has, yeah, do you know who said this would happen? Oprah Howard Stern,

Arden Benner 50:53
I almost got it honestly.

Scott Benner 50:55
Yep, I remember him saying, everybody can't be famous. I had to work really hard to be

Arden Benner 51:00
this famous. It's a terrible, terrible idea. Yeah,

Scott Benner 51:03
everyone has some measure of fame. Now, not everybody, but a lot of people

Arden Benner 51:07
do. Some people have to be above other people. It's just how it has to go. Why does it have to be like that? It just does. Has to be like that. Unless, Listen, I'm not one of the people who's above other people, and I wish I was, but I'm not, and I accept it, and I see how it is. And you know, even

Scott Benner 51:23
those people, it doesn't last for like, here, I'll name some people for you. Do you know who Hillary Swank is? I know her name, yeah. But that's it. She was incredibly famous at one point. Not, not anymore, even fame. The Fame is very fleeting. There are people right now that all of you are listening to and you flip by on your Instagram, or you're talking and ticking or whatever, and you go, I know that person. Oh my god. They're so famous. And six months from now, you won't see them anymore. They're famous so fleeting. It goes so quickly.

Arden Benner 51:53
I can't relate to that, because my whole like, Tiktok is like edits of like, terrible television shows.

Scott Benner 52:00
So I just like, I don't even know terrible television show edits. I

Arden Benner 52:04
don't actually know what's going on in the world. I just know what was going on in the world, like 10 years ago when the TV show came out.

Scott Benner 52:10
Gotcha All right? Well, you understand money any better now? No, you understand how you're gonna make your way in the world today with everything you've got, taking a break from all your worries sure would help a lot. This is the opening theme song to cheers. Wouldn't you like to get away? Do you know this one at all? I wish it would stop. Okay, you don't know the song at all. Gotcha, you're gonna leave school in a couple of years. Probably have to go to grad school, right? You can have all that cost of going to school. No, not grad school. No, oh, you're gonna go to, you think you might go to law trying to go to law school? Yeah. Okay, so you're gonna get your your undergrad, then

Arden Benner 52:51
maybe go to how long is grad school? Do you know how long grad school is? Can be

Scott Benner 52:55
one to two years, and sometimes longer, depending on what you're going for, because law school is three to four How long is law school? I just said, Hold on a second. I'm doing so no, I'm,

Arden Benner 53:07
you know, I'm about the same. You know, you can trust me and chat you to trust

Scott Benner 53:11
you. I'm building to an idea. What does it cost? All right,

Arden Benner 53:17
I'll just sit here and let it happen. I guess

Scott Benner 53:20
so a public law school with in state tuition could cost you between 20 and $40,000 a year. A public law school out of state could cost 30 to 60,000 a year, and a private law school is going to cost between 40 and $70,000 a year. So you're going to pay somewhere between 90,200 $1,000 to go to law school, then you're going to get out of law school. Owe somebody that money, and if you're lucky, get a job, but probably not say that. It'll probably take a year to get a job, at least get it at some point, but you have to pay the loan while you're waiting for the job. You don't know about this. Oh, we're gonna Arby's or something. I don't we've got the meats. I know what you're saying. You didn't have to do that. Why not? I'm trying to get a job. I'm trying to get a job getting an Arby's commercial gig. You think I could be the voice of the Arby's people?

Arden Benner 54:09
No, my God, I would turn the television off anyway.

Scott Benner 54:13
So now you're gonna get out right and you're gonna but now listen, what's happening right now is that

Arden Benner 54:18
just start a small business where I, like organize my fridge. It's what people do. Yes, we've also like a thing now, like, you can just do that. Wait,

Scott Benner 54:27
you're gonna start a small business to organize your refrigerator. Yeah, you see

Arden Benner 54:30
those women online who just wear, like Pilates clothes and organize food in their fridge and clean their countertops and put like little beads for like laundry into like jars, and they make money. Wait.

Scott Benner 54:42
They go to like, other people's homes and do this. No, they do it in their own home. They

Arden Benner 54:47
take a video of it, they put it online, and they make money. They don't make that much money. And in the background, they're like, Okay, guys, so today we're going to I'm like, oh my god, shut up.

Scott Benner 54:57
I happen to know how much money some people. Will make for doing influencer stuff, and it is a shockingly low amount of money. I know what they still make in I think it's ridiculous. I don't think it's enough to pay for law school, is what I'm saying. Now. I'm just trying to also, if you think about this, you're gonna have this undergrad degree when, when you're about, like, what? 2220

Arden Benner 55:18
Oh, don't. Don't tell people that I well, they that I've ruined my life. So

Scott Benner 55:22
you're gonna be 22 or 23 you're gonna still have three years of school. You're not gonna be like, you're gonna be like 27 when you take the bar. Yeah, I

Arden Benner 55:30
know I've thought about it. I don't want to talk about it to be fair, from 27 is it that much different from being 26 No, it's not. No, I

Scott Benner 55:37
don't think that's not what I was gonna say. What I was gonna say is, what if, at the same time you're like, spidey senses. Tell you you should make a baby. That happens to ladies?

Arden Benner 55:45
I don't think I'm gonna make a baby. Yeah, I don't know what happened. So many problems. It's gonna be like a mutant. Well, what'll

Scott Benner 55:51
be wrong with it?

Arden Benner 55:52
I don't know. There's just a lot wrong with

Scott Benner 55:54
me. You won't understand money. For certain, it'll be like, What is this? And

Arden Benner 55:58
everyone's got, like, depression and anxiety nowadays, so just whatever, throw my problems at someone else's problems. Oh, god, you're

Scott Benner 56:04
afraid that if it's gonna come out, you're gonna meet a boy with depression and anxiety, and then you're gonna have type one diabetes and like, Hashimotos. I don't have Hashimoto I'm sorry, hypothyroidism. And then that all gets mixed together, and then the baby comes out, and it's got all those problems. Yeah,

Arden Benner 56:20
it's like, Jack Jack from The Incredibles, but it's not cool.

Scott Benner 56:24
It's the other version of Jack Jack. Also Jack Jack's not really the cool version, isn't he, like a monster.

Arden Benner 56:29
He can, like, turn into, like, the devil and all this. But, you know, he's a superhero. My kids just gonna, like, have a lot of medical issues.

Scott Benner 56:37
I think they're gonna make another Incredibles movie. I mean, they should. It's

Arden Benner 56:41
the best Pixar movie. Is it? What's the most overrated Pixar movie? I have my answer.

Scott Benner 56:47
Wally, no, okay,

Arden Benner 56:50
everyone's gonna hate my answer.

Scott Benner 56:52
Hold on. Oh, you don't like it. No, I

Arden Benner 56:54
don't dislike it. It's just overplayed.

Scott Benner 56:58
Finding Nemo No, ratatouille. Ratatouille. Ratatouille is good, solid.

Arden Benner 57:05
It's a good movie, and it's been ruined for me.

Scott Benner 57:08
They pushed a down your throat too much.

Unknown Speaker 57:10
Yeah,

Scott Benner 57:11
they do. I will never forget watching Bugs Life first run in a movie theater and sitting there and thinking, Oh, my god, is this what animation looks like now, this is amazing. That was that long ago. What do you think of that? I don't have a lot to think about on that one. What's your favorite Pixar movie? It just told you the incredible. It's not inside out. I

Arden Benner 57:33
do like inside out. Wait, actually, let me look at the Pixar movies real quick. I'll

Scott Benner 57:37
tell you what's this. Is how we're going to end this episode by ranking the Pixar movies list all Pixar

Arden Benner 57:43
films. My God, can you stop with that thing over there? Just google them yourself. Hey,

Scott Benner 57:49
I mean, I could just Google Pixar films. I'm gonna go through them and I'll tell you how I feel about them. Okay, I have them in order. I don't have them in that order. Go ahead. All right, first,

Arden Benner 57:59
let's talk about, we said The Incredibles. That's the best picture. If y'all say that just right away, cars I've never cared for the cars movies you don't like the cars, I've just never cared for them. No, okay. Oh, another great movie, right? I would say right behind the Incredibles, Monsters, Inc. Monsters Inc, is a great movie, all right,

Scott Benner 58:24
no one talked that way about it. Um,

Arden Benner 58:27
the Toy Story movies, you know, I would say if there was like, a list, they'd be right in like, the middle, which I guess is a low for some people, but it's like, Ah, God, was there, like, five of them. Now, like,

Scott Benner 58:37
I've had enough, there's three. Hasn't been there's not there's four, wait, there's Oh, there's four. My God, there is Toy Story four. Have I seen Toy Story four?

Arden Benner 58:45
Yeah, I had, like, the shits really bad that day we were at the movie theater. How you remember Toy Story four? I do. It was in the summer, and I just remember like, oh, I had my period, and I had the shits, and I also drank a slushie, and everything was going terribly, and I missed, like, kind of the end of the movie. And I came back and Little Bo Peep was like, kissing Woody. And then we went home, and I, all I could think was, like, what just happened?

Scott Benner 59:12
Little Bo Peep was kissing Woody, huh? All right. Oh, what? What else you got there? Um,

Arden Benner 59:17
Finding Nemo. Great movie. Probably more so the top of the list. Oh, I don't know what I'm clicking on over here. Oh,

Scott Benner 59:26
can I go through them in like, year order?

Arden Benner 59:30
Yeah, you know what I'll give you like a thumbs up, thumbs down, neutral.

Scott Benner 59:33
Toy Story, neutral. 1995 Bugs Life, 1998 neutral, I like bugs, life, Toy Story, 299 I'm neutral about all the toy stories, Monsters, Inc, 2000 Oh, one thumbs up. Finding Nemo thumbs up. Incredibles, double thumbs up. Cars, thumbs down. Ratatouille, neutral. OmniPod Wally. Wally

Arden Benner 1:00:02
is also overplayed. So I'll just do like, but it's a, it's a great movie, but overplay. So I'll do a neutral

Scott Benner 1:00:07
for that one. Up. Up is great. Thumbs up. People met Sanj in the first episode of this. With you for a moment. She loves. She on the phone in it. She is on the phone in it. Yeah. My god, she's she's like, she's just, like, she's like, just, she's like, she's like, Yo all I heard you say was, No, you shouldn't plug your Instagram because I couldn't hear her. And then then she's like, I just wanted to let you know that I just messaged you a tick tock. You should check out my comment because you're gonna love it. And that's it. And she's gone up is really good. But Sanj cries

Arden Benner 1:00:40
a lot. Sanj cries every single time she watches up every single time. Toy Story,

Scott Benner 1:00:44
three neutral cars, two thumbs down, brave. Okay, you know what

Arden Benner 1:00:52
very controversial, Merida is one of my favorite princesses. Okay, so, but I really don't love the movie, but I love when she's like, I'll be shitting for my own hand. I'm like, yeah, yeah, Merida. And then she like, turns her mom into a bear. And I'm like, well, why'd you do that? But so that's neutral for

Scott Benner 1:01:15
me. Monsters University, thumbs up. Inside Out, thumbs up. The Good Dinosaur I've never seen that. Yeah, I have to tell you, I took hold of that I remember, and it wasn't a favorite for mine. Finding Dory. Thumbs up. I do like Finding Dory cars three,

Speaker 1 1:01:34
but I just, I don't care for these cars, movies, cocaine.

Scott Benner 1:01:41
I don't like Coco. Okay, everyone likes Coco, and I don't like Coco. The art and it's awesome. It looks awesome. I know I just don't like it Incredibles two better or worse than Incredibles,

Arden Benner 1:01:54
one worse, but not bad at all. Still, a thumbs up. Then Toy Story four is next. My experience for toy. Story four was a thumbs down, but I give the movie a

Scott Benner 1:02:03
neutral. Okay. Now here, this is going to be interesting. Movie, not good, but Tom Holland said it on, oh, onward. I didn't like that movie. Yeah, it wasn't good. Uh, soul, remember soul? Oh, I'd

Arden Benner 1:02:19
love soul. Thumbs up for soul. Here's

Scott Benner 1:02:20
what I don't know about soul. I really loved it too, but it came out during covid, right? So we were all just like, please. Something happened. And then Pixar was like, Here, we'll give you a brand new movie you can watch in your home. And we were like, thank I

Arden Benner 1:02:33
think, I think soul has one of the best quotes from a Pixar movie. Really find it. Okay, yeah, I'll find it. Keep going. Okay. Uh,

Scott Benner 1:02:40
Luca. I didn't like Luca. Is Luca, the one where the boy is the fish and everybody's Italian, yeah, I love that.

Arden Benner 1:02:49
But also, I watched Luca the day after we put Indy down. So I, you know, maybe that wasn't a good idea. I

Scott Benner 1:02:54
really enjoyed Luca. Try watching it again. We're gonna get a lot of smoke for this next one. Have you? Have you seen turning red? Oh, I've

Arden Benner 1:03:03
seen that. Oh, I hated that. You didn't like it. No, she has diabetes. I don't care. It was terrible.

Scott Benner 1:03:09
I didn't see. Oh, wait, I may be. I've seen bits and pieces of it. So something about hockey, right? Like the girl plays ice hockey, that's,

Arden Benner 1:03:15
that's an inside out. She plays hockey.

Scott Benner 1:03:18
Oh, then turning red. I've

Arden Benner 1:03:19
never seen, guess you have, I've seen it. God, you know what? It was so bad. I forget what it's about. Okay,

Scott Benner 1:03:25
I do love the little short where they eat the dumplings. That's good. I don't know what that's called either light year. I've never seen Have you seen light year? I don't know what that is. It's a Buzz Lightyear film. Oh, with Chris Evans.

Arden Benner 1:03:38
No, never seen it. I

Scott Benner 1:03:39
haven't seen that. I realized um, recently that Chris Evans is much shorter than I thought he was. He's beautiful, elemental, Elementals. Oh, terrible, is it? I've never seen it, yeah. And then there's one called Elio that's not out yet. I don't

Arden Benner 1:03:59
know. Okay, okay, ready? This? This is the um, yeah, go ahead. This is the quote from um, from Seoul. So he's talking outside to like an older woman. I think that she might like work at the place that he's, I don't know something like that. And she says, I heard this story about a fish. He swims up to this older fish and says, I'm trying to find this thing they call the ocean. The ocean says the older fish, that's what you're in right now. This says the younger fish. This is water, but I want is the ocean. But the way that she says it in the movie, and like with the conversation they're having, is probably, I want to say one of the best Pixar scenes ever. You probably just

Scott Benner 1:04:37
freaked out everybody who's listening, who really pays attention to the podcast, because I very frequently try to get them to read a college commencement speech called, this is water. It starts with that parable. Was it actually? Yeah, oh, I

Arden Benner 1:04:54
didn't know that. Yeah. That's like my favorite Pixar scene. Yeah, I was, I remember I was watching, I put on soul. Last year at school, when I was I just wanted to die, honestly, there never go to SCAD. But I was sitting in my bed thinking about how much better life could be, and I put so long because I was like, this is, like, one of those sad but uplifting, but like, whatever movies I put it on. I'm sitting in bed, I'm writing something, and she said that, and I just started crying. And I was like, OmniPod, get me out of here.

Scott Benner 1:05:23
I have you never seen me give a little book to people as a graduation gift. Give the book to everyone but me, yes, because I can give it to you when you

Arden Benner 1:05:30
graduated from college, yeah, but now I've set that back 17 years, so Well, I'm gonna

Scott Benner 1:05:34
give it to you when you get your undergrad. But it's called, this is water. It starts with that parable. Oh, wow, that time my frontal lobe will be developed too. Yeah, you're gonna understand interest and compound interest and everything. Yeah, all right, this was good. I love you. I'm glad we got to see each other for an hour. Okay, I'm

Arden Benner 1:05:50
not going anywhere, and we could still talk after this. Yeah, I

Scott Benner 1:05:52
know, but I've got other things going. I've got texts here from clients, and I gotta, I gotta work, I gotta be I got a life here.

Arden Benner 1:05:59
Oh, okay, I guess I'll just go. Then

Scott Benner 1:06:03
the hell. Oh, that's just what it is. Plus we, I mean, how much of this do you want people to listen to you talking about? I'm not saying that they have to listen to this. No, I'm saying it's an hour and eight minutes long. We gotta, like, it's time to end. Yeah, I

Arden Benner 1:06:14
know I thought we were done. Are we not done? We've been recording the whole time? No, yeah. But I thought, like, oh, it was over. Now just say talking.

Scott Benner 1:06:20
No, no, we're done. But I do want to say this real quickly before I stop the recording, so we're not done. Oh, my God, right. The short, some of the short movies by Pixar are excellent. And the one that sticks out my head as just enjoying it the most, Jerry's game for the birds. And there's one is

Arden Benner 1:06:39
Jerry's game, the little chess match. Yes,

Scott Benner 1:06:41
I really, let me look I also really like one man one man band is

Arden Benner 1:06:46
that? I That's like they, they don't speak in that one, right? They don't speak in a lot of them.

Scott Benner 1:06:56
Like when they took the Luxo Jr out of the beginning of the Pixar movies, I was disappointed, like, the lamp that comes bouncing in, I

Unknown Speaker 1:07:03
take care.

Scott Benner 1:07:05
Yeah, I don't. I didn't like, oh,

Arden Benner 1:07:07
I have, no, I don't have any pitch. So that was terrible.

Scott Benner 1:07:10
And BA, oh, I think was the one where they make, Oh, I like lava, lava, yeah, where the island, like falls in love, right?

Arden Benner 1:07:18
Oh, the one man band, yeah, I like that one.

Scott Benner 1:07:22
Did you say Jerry's game? Yeah, yeah, I like that one. There's this one short, but I can never remember the name of it. I

Arden Benner 1:07:30
really don't know what it's called. I don't know if it was Pixar, but it's about, like, this man and this woman, and they're like, sitting on a bench, okay? And like, I remember, like, he has a briefcase or something, and his papers fly everywhere. Okay? I saw it when I was, like, nine years old. I can I'll never be able to, like, I don't remember what it was. It's

Scott Benner 1:07:53
called Paperman. Paperman, it was released in 2012 and premiered before the movie wreck. It Ralph. Oh, maybe it did. Yes, it was paper man, yeah, I've never, I don't know if I know it. How did you chat? GPT, oh, my god. How

Arden Benner 1:08:10
did you find that

Scott Benner 1:08:11
I chat GPT, the following man and woman on bench, papers fly Pixar. Paper man was released in 2012 and premiered

Arden Benner 1:08:20
before meeting the girl of his dreams on a commuter train. Office worker uses a fleet of paper airplanes to get her attention after spying her again in a skyscraper window.

Scott Benner 1:08:29
Have I ever seen that one? I don't think I've seen I don't know,

Arden Benner 1:08:32
but I was like, nine, and I was like, Oh my God, that's adorable. You

Scott Benner 1:08:36
like that one? Well, you can watch it on the on the YouTube if you want Disney plus YouTube. All right, I don't know if you can YouTube it or if you can YouTube people's reviews of it. Why would I want to do that in what world I know? Yeah, I'm gonna have to, like, I'll go to Disney plus. I'm gonna watch it today. That's what I'm gonna do when I'm all done. All right, say goodbye. Okay, goodbye.

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