August 29, 2023 • 39 mins
In this episode we talk about were the safe in the house, what items to keep. What items might now be lost. How to find them and were to store them. This should help you think of items you need to take with you or keep safe for your children.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Ashton (00:05):
I had to put all of my important documents into place
right now.
I would probably put them all infolders that have some sort of
plastic covering around them,like either in a giant Ziploc
bag or something.
So they'd be protected from likewater damage and stuff.
And then I would put them in atote or a box and put it in a
(00:29):
closet somewhere
Dad (00:30):
where I knew where it was.
So kind of incognito somewhereinside of something.
Right.
And that would probably protectyou.
Like.
Let's say 90% of the time, even,but that would be your risk on
that would be a fire.
So you're, it's a good idea.
The safe that's in the tree.
Yeah.
Yeah, yeah.
Yeah.
That's inside the back of an oldtrunk in a car, buried.
(00:52):
Yeah, yeah, yeah.
In the backyard.
In the backyard, underneath theold dog.
Ashton (00:56):
Gideon hides all his stuff in his fake abs.
Dad (00:59):
You know it.
Fake abs.
Is that what those are paintedon?
Okay, financial records.
(03:39):
Alright, so are we recording?
Mhmm.
Alright, pop quiz for you.
What paperwork is important tokeep?
Ashton (03:48):
Birth certificate.
Ooh.
Gid (03:51):
That's a good one.
To keep as in like, to
Dad (03:54):
not lose?
Yep, to make sure you know whereit's at.
Elementary school grades.
Ashton (03:59):
Nope.
Gid (04:00):
Ooh.
Dang it.
That's a good guess though.
Ashton (04:03):
Paying statements.
Dad (04:05):
I'd assume that would be pretty important.
How far back do you think thatmatters?
Ashton (04:13):
Do you still need it now even though you can get like all
of that information online justbig statements
Dad (04:18):
not outdated I don't know that a bank statement would be
that's why I'm asking how longdo you think it matters?
That's fair.
You know, that was your
Ashton (04:24):
answer.
What do you got?
Gid (04:26):
Probably within like six
Dad (04:27):
months.
Yeah Seems
Ashton (04:30):
reasonable.
There's valid.
I don't think I have any bigstatements Social
Dad (04:35):
Security and bank statement, that's it well, we
didn't
Ashton (04:38):
say social security, but we got social security.
I lost mine.
You said birth certificate.
Yeah, well, I guess it'stechnically, well, they're not
the same.
Totally different.
Passport.
Oh, passport's a good one.
I do have that.
How
Gid (04:52):
about your license and
Ashton (04:57):
registration?
Dad (04:58):
I was gonna say registration.
Do you think those are the sameor are they different?
Nope,
Gid (05:01):
but when a cop asks, he asks for both of them.
Ashton (05:04):
That's a good
Dad (05:05):
point.
Good point.
What else do they normally askfor?
Okay,
Ashton (05:10):
like an insurance card.
Dad (05:13):
So here's my question thoughts and thoughts for you.
So why is a social security cardimportant?
Ashton (05:19):
As far as I know, it gives you a unique number.
Makes you you to the USgovernment.
Yeah, sometimes you
Gid (05:27):
need your social security number.
Ashton (05:29):
Everyone that hires you wants proof that you are a legal
citizen of the United States andSo the Social Security card is a
very surefire way to providesome of
Dad (05:43):
that evidence.
Yep Yep, so that's a good point.
So why is it required by theemployer?
Do you think?
Ashton (05:51):
Well, probably has a lot to
Dad (05:55):
do with their, I was gonna
Ashton (05:59):
say their responsibility as an employer with stuff like
Dad (06:01):
taxes.
I couldn't understand whatGideon said.
He said taxes.
Ashton (06:06):
I did say taxes, yeah.
Very exciting.
Dad (06:08):
Gotcha.
So a social security card ispretty critical to keep track of
because Gideon, you got itright.
Cause that's how they figure outhow they're going to tax you and
where to apply the taxes.
But what else is there?
And really what's the purpose ofsocial security?
Yeah, beyond
Ashton (06:24):
the government knowing who you are, I don't really
know.
So they
Gid (06:28):
can keep tabs on you.
They know that you exist.
Ashton (06:32):
It's
Dad (06:32):
a microchip I was just bouncing off what Ashton said.
Which was what, sorry?
Some microchip.
No, they don't, they don'tmicrochip you yet.
They don't track us like that.
Yet.
Well, I don't know if they willor they won't, you know,
candidly.
Elon Musk
Ashton (06:46):
wants to with that Neuralink stuff that he's doing.
Have you guys seen
Dad (06:49):
that?
No, but I, I, I think that we'vemade some grave mistakes in our
country for...
Our freedom of speech and ourfreedom of control as it
pertains to social securitycards and social security
because it never was meant to bea one system tracks all and
that's what it's become.
But it was really originally setout for those people to make
(07:11):
sure that the federal governmentdidn't feel like we did a great
job at preparing for our ownretirement.
So it was a way for them tomanage retirement to make sure
that everybody could.
Eventually stop working andenjoy retirement was the way it
was sold to the American publicBut it was also another way to
get workers out of theworkforce.
So there's retire retirementbenefits from it Disability
(07:35):
benefits.
So if you get just disabledThey're supposed to be able to
help you out on that Okay, it'salso something that Sterling and
Marshall were able to use was asurvivor benefits from it When
Heidi passed away, they wereable to, they got paid out a
monthly social security check.
(07:56):
So that's kind of what it's usedfor, but, but you're not wrong,
Ashton.
They've really used it as a wayto track most of our movements
through our jobs, so socialsecurity card is pretty critical
to have.
Do you know how to replace it?
Yeah, I
Ashton (08:13):
just got to submit some paperwork.
I know that because I have to dothat.
Gotcha.
Mine has gone incognito.
Dad (08:20):
Yeah, it's pretty critical to keep track of for that
reason.
The reason why this came up isone of our Reddit listeners
posted out there that they hadlost a lot of their important
paperwork.
So I thought it'd be importantto go through so we understood
what the important paperwork.
So I thought you guys hit it.
Well on social security cards.
Is there an advantage of gettingone sooner than later if you
don't have one currently?
(08:44):
Well, I
Ashton (08:45):
recently Needed so when when I first thought of social
security cards at the beginningof the episode was Employers and
I recently got a new job where Ineeded to go in for a background
check and fingerprinting andwhen you do that sort of stuff
they ask for either a singletype a document or Multiple type
(09:09):
B slash C documents.
Very well said.
And a type A document issomething like a passport where
there's like all the informationthey could ever need.
Or a type B document is adriver's license, a social
security card, a birthcertificate, all
Dad (09:25):
that sort of stuff.
Awesome.
Thank you, Ashton.
That was very well stated.
And a lot of times you'll go toan employer and go, well, what
do you want?
They're like, well, I can't tellyou what to bring in.
But here's the list of.
Approved items, right?
Ashton (09:40):
And most people normally bring in.
Yeah, exactly.
Dad (09:44):
Yeah.
Because of the legalities of thefederal government.
So they say most people get in,do you know where your social
security card is?
Where?
Yeah.
I'm
Gid (09:52):
pretty sure it's in the safe
Dad (09:53):
in the basement.
Oh, good.
Now everybody knows where wekeep our valuables.
Oh my gosh.
It's actually in
Ashton (09:59):
the attic.
I'll throw them off the trailfor you.
Oh, thank you.
I got, yeah, I got
Dad (10:02):
you covered.
No, I'm just kidding.
You're right.
More than likely it'sdownstairs.
Secured.
So that's an important one.
Not too hard to replace actuallylike you said.
Did you start talking to themyet?
Nope.
So I don't, I believe you set anappointment.
It's as easy as getting online.
Setting an appointment, goingin.
And for you, you have a birthcertificate and a passport
(10:25):
still.
Yep.
You know where both those are.
So you should be able to get itto replace pretty easy.
Birth certificates, when arethey valid for anything?
For your birth, for sure.
To make sure that you'rebirthed?
Ashton (10:38):
Yeah, it gives you a name, I think.
I think that's technically wherenames come from.
They just like, roll the diceand throw a name on there for
ya.
Yeah.
That's, I mean.
I assume so.
In the stork workshop.
Where all the storks
Dad (10:52):
deliver the babies from.
Maybe, maybe, probably not.
Because, as a matter of fact,Sabrina was born at home.
Not intentionally.
That's a story for a differentday.
Sabrina was an Uber delivery,maybe.
Sorry.
No, I wish.
Uber was cheaper, probably.
Maybe.
But, no, it actually was anambulance ride, and it was two
of them, Michelle and Sabrina.
(11:13):
So, and the insurance won't payfor two people in an ambulance,
apparently.
So.
Shocker.
So, I had to pay for one out ofpocket because the ambulance
didn't see it that way.
They felt like it was twoindividual people.
Kind of odd.
But anyways, it was pretty dumb.
But so, birth certificate,contrary to Ashton and Gideon's
belief, it does not come fromthe stork.
(11:35):
It actually comes from, where doyou think?
State?
County?
Country?
Birth certificate?
Yeah.
Ashton (11:44):
I think it's county.
I think it's
Dad (11:45):
state.
It is county, and that's whywhen you look at stuff, they
say, what's your city of birth?
Yep.
Right.
And so then they want to look atthe city and then they can
figure out what county.
So for example, Sabrina was bornin LA County.
So Sabrina needs to go replaceher birth certificate.
Where do you think she needs togo?
LA.
Correct.
Gone for her.
(12:07):
That would suck.
So, so security, you can go onand go anywhere cause it's a
nationwide thing, but a birthcertificate is actually quite
hard to go get again.
It's probably one of the harderdocuments to go get.
I mean, it makes sense.
Now, there are mail in optionsand stuff if you already have
one, you can send an existingcopy.
For Gene, we needed an extraphysical copy for his church
(12:30):
mission.
And it was easy enough just tosend over a certified copy
directly from, I don't, yeah.
I was trying to think of UtahCounty.
I was like, wait, Utah, we're inUtah.
Utah County happens to be...
In Utah.
In Utah,
Ashton (12:46):
ironically enough.
It's a weird thing, yeah.
Don't know how they landed that
Dad (12:49):
one.
Adoption papers.
Pretty cool, pretty critical tokeep track of.
And normally we think of that,these three items specifically
being held with parents, but asyou get older, then you start
collecting your own items.
Adoption papers, marriagecertificates and passports.
(13:10):
These are what we normallyassociate with legal documents
that are actually identifyingyou and who you are.
If somebody calls you and asksyou for your social security
number, they say, Hey, this isthe IRS, give me your social
security number, I'll send copsover to get you.
What do you normally do on that?
Not.
I give them the whole
Ashton (13:28):
number.
What?
But I change one of them.
Oh, that's
Gid (13:32):
probably still not a good idea.
Dad (13:34):
Gideon, I'd agree with you.
It seems like totally a stupididea to do that action.
I'm sorry.
But you're a full grown adult.
You do what you want to do.
I don't know which one I
Ashton (13:42):
changed.
You'll have to, you'll have tofigure it out.
Make it a little game.
Do you want
Dad (13:49):
to play a game?
Yeah, but they only have nine,they only have nine versus nine,
nine choices they have to gothrough versus what?
I guess the whole string ofthem, right?
I don't, I don't tell them thatI
Ashton (14:01):
changed a number.
Did I make their
Dad (14:03):
life difficult?
Oh, good.
Okay, and then passport.
Did we already cover passports?
And then marriage certificates,right?
Those, those are the legalidentification documents that
you need to keep track of.
Because you're absolutely right.
The federal government forsocial security number birth
certificates is something thatwhen you go to apply for a loan,
for a home, ownership, etc.
(14:25):
Now what happens if you loselike a marriage certificate?
You guys aren't married.
Also, the county that you gotmarried in.
And then passports.
What do you do with a lostpassport?
Well, I'd imagine
Ashton (14:39):
the process of that is actually fairly similar to
getting a passport itself.
Which would end up being goinginto a government building,
probably stating that you lostit, and giving some sort of
very, I
Dad (14:54):
don't know, evidence.
Correct.
Very evidence.
The other one on here I thinkwas interesting that wasn't
listed was your driver'slicense, right, or a state ID.
Because really a state IDactually is some of that
evidence a lot of times, right?
You go into, to go get a newpassport, they're gonna say,
okay, do you have your driver'slicense?
Well, if you haven't driven.
(15:15):
If you're under age or you don'thave a driver's license, you can
get a state ID card.
I know your mom did that whenshe was younger.
She had a state of California IDcard because she didn't have a
driver's license.
Not everybody drives.
So that's good to have herdriver's license.
Side note
Ashton (15:29):
here that I just thought of.
Most people, so if you're ayoung kid, Gideon, listen up.
Most adults memorize theirsocial security card number.
So it gets you out of a pinch ifyou've lost it or can't locate
it.
If you need some digits fromthat number, sometimes that's
all people ask for.
(15:49):
You can use those, but I, theother reason I was thinking of
this is I have a friend whoactually has memorized his
driver's license number and Ithought, and bank account number
and another number that was likepretty crazy.
So memorizing those numbers canbe very helpful.
I do not have my driver'slicense number
Dad (16:10):
memorized.
You know, I have my driver'slicense now for probably, what
is it?
Almost 40, not quite 40 years,whatever that be 36, 34 years.
And I've never once memorizedit.
I don't think there's anyvalidity in memorizing it for,
for, for the times I use it.
So limited.
I think when we used to writechecks, it might've made sense.
(16:31):
You know, they used to use that,I don't worry about it.
One idea that I do like, youknow, that's similar to that is
to make a copy of it.
So let's say you make a copy ofyour driver's license.
I've made copies of ourpassports.
(16:52):
I had a good friend one time whowas traveling overseas.
They were in Hong Kong, and, andthey left the, their purse in
the back of a taxi cabin as ataxi cab went, drove away the
realization to hit them thatthey left their their purse and
then went, oh, my passport's inmy purse.
(17:12):
And it's going down the road.
And so she scheduled a meetingwith the U S consulate there in
Hong Kong.
And the first question they hadis said, well, can somebody fax
us a copy of your passport now?
Cause they, she couldn't gothrough the airport with that.
She couldn't get on an airplanewith that, but at least they
would have a copy to say, okay,this is really you.
(17:32):
And then accompanied with yourdriver's license.
And maybe a social security cardor social security number they
can identify it's you and sendyou on your way Yeah, well,
Ashton (17:41):
it's interesting too because part of the reason why I
lost my social security id cardwas because I took it to go
apply for a job and then itnever got put back in its safe
space But employers actually,none of them that I've tried to
work for or with have allowed meto bring a copy of my social
(18:02):
security ID.
They've required
Dad (18:04):
the legitimate card.
Sure.
And that's going to be the case,but if you had that copy and you
went to the social securityoffice with that copy and your
birth certificate, it wouldexpedite the process, right?
Because you've got a copy.
You know, it wouldn't be thephysical copy, just like I was
saying about the birthcertificate.
They needed a certified copy.
You know, with the little stampof this Utah County on it, but
(18:28):
it's a, it's enough to get youout of a pinch, right?
And that's what you're talkingabout with your friend in the
pinch, right?
So yeah, all those will help youget either jobs or track your
documents.
Some thoughts, any ideas on howto keep those safe just real
quick before we move on?
Keep documents safe?
Ashton (18:50):
Correct.
Well, I mean, Gideon gave away.
I think my answer.
Dad (18:56):
Okay, but let's say that mom and dad, let's say that we
move and you don't have accessto a safe.
What are some other ideas tohelp the listener?
Ashton (19:05):
If, if, if I had to put all of my important documents
into place right now.
I would probably put them all infolders that have some sort of
plastic covering around them,like either in a giant Ziploc
bag or something.
So they'd be protected from likewater damage and stuff.
And then I would put them in atote or a box and put it in a
(19:30):
closet somewhere
Dad (19:32):
where I knew where it was.
So kind of incognito somewhereinside of something.
Right.
And that would probably protectyou.
Like.
Let's say 90% of the time, even,but that would be your risk on
that would be a fire.
So you're, it's a good idea.
It's better than what somepeople, you know, that I've seen
done.
There's also a lock box, right?
(19:53):
You guys have little safes whenyou guys were little kids.
They're not really quasi safe,but somebody could break into
them.
But when your mom and I werefirst married, we bought a safe
from Walmart that was only notmuch bigger, actually smaller
than a tote.
But we bolted it to a floor, youknow, when one of our first
homes, it was, I don't know,maybe a 50 box, you know,
(20:15):
invested in one of those thatyou typed in a little combo and
you could put your paperwork inthere.
And then we just screwed it withsome lag bolts down to the floor
so that somebody couldn't pickit up and walk off with it.
Makes sense.
Because even if you buy afireproof safe, which, I have in
a different location in thehouse that's smaller it's still,
it's still bolted so that itcan't just get up and walk out.
(20:39):
Right?
So somebody can't be like, Oh,here's somebody safe.
There's probably somethingvaluable.
Let me walk out the door withit.
Now could somebody get in thesafe downstairs or get, yeah,
sure.
But this is just protecting itfrom most situations.
So I like that.
Even Ashton, I thought your ideawas great.
There's one that I think we'reoverlooking that we've never
used, but probably a good ideaif you travel a lot or if
(21:02):
you're, you're not supertransit, but you, you're moving
quite a bit is a safety depositbox.
Thank you.
A safety deposit box at a bank,you know, somewhere you hear
about them, but you never haveactually probably used them, but
it's a good way to store some ofthose documents or even jewelry
or something that you might havethat you want to protect.
Ashton (21:25):
I was going to say, you always see those in the movies,
they're the, whenever there'sthe heist happening, you've got
the safety deposit box that, canI get the key?
Dad (21:32):
Oh yeah, here you go.
Right.
And then they steal the stuff.
And that's probably a goodplace, Ashton, to go back to
what you originally said, whichwas your, your elementary report
card.
If you want to keep thatsomeplace, that's probably good
too.
Those are important to me.
Would be a safety deposit box.
Ashton (21:48):
I'm taped on my ceiling right now, look at them.
I regret third grade, but otherthan that, we're good.
Dad (21:52):
Well, you know, it was kind of a rough year for you.
We all have it.
Puberty happened young.
Ashton (22:00):
Yeah.
Yeah,
Dad (22:00):
third grade was really tough.
And you started growing thatbeard and everything.
People thought it was kind ofodd, but you know, whatever.
You know, I had,
Ashton (22:06):
I had my support system in place, so it was
Dad (22:09):
okay.
But at least the second time youdid third grade, it was fine.
It was just the first one waskind of rough on you.
Yeah.
By the
Ashton (22:14):
third time around, I was, I was comfortable in my own
shoes.
Let's not
Dad (22:17):
lie to people.
T's enough.
All right.
Tax documents tax returnsimportant to keep?
Ashton (22:25):
Nah.
Oh, wait.
Dad (22:28):
Yes.
Why were they important for youin the last couple of years as a
young adult?
Ashton (22:31):
Well, they haven't been important for me yet.
Those were important forSabrina.
Oh, they weren't important foryou?
No, because I haven't had todefend myself against the IRS
Dad (22:40):
yet.
Well, okay.
That's a good one yet.
Knock on wood.
She had to defend herself fromthe IRS.
But the other thing was whatabout filing for Financial aid.
Oh, yeah.
Ashton (22:50):
No, I actually did.
I forgot about that.
Yeah, I've filed for any of youcollege individuals have
probably heard this before butit's FAFSA, federal application
for student aid.
I use that to show thegovernment that I was broke So
they gave me a lot of money tohelp me finish college
Dad (23:06):
Let's not, let's not exaggerate.
They give you a little bit ofmoney to, to finish college and
then encourage you to take out alarge student loan, which I
respectfully declined.
That's another tangent for adifferent day.
So tax return's pretty criticalto keep.
How long do you think you keepthose?
So, yeah, go ahead.
You getting, you
Ashton (23:24):
go.
I know the answer.
Oh.
Gid (23:27):
What starts with this
Ashton (23:29):
way to read the room
Gid (23:31):
seven.
Ashton (23:35):
Yo,
Dad (23:37):
months of tax return.
So not in quite a full year.
You're right.
You're right with your secondguest.
Seven, seven months, sevenyears, seven years of taxes.
W twos are good even though youcan find them online.
You know, you never know when anemployer is going to change
their logins or their passwordor switch companies.
So keeping your W twos in any 1099 forms that you might've got
(23:58):
from an employer.
You know, we don't keep those assecure as we do the other
documents.
Well, because if they do getlost, I would just have to turn
to my account and say, okay, Ineed to go back and regenerate
these.
These are in a cardboard box.
More like your idea.
You had Ashton with yourimportant papers.
So I,
Ashton (24:19):
okay, sorry.
I have to backtrack us just alittle bit because I was going
to say six and then you saidseven.
And so I was like, Oh wait, Ihave to check.
IRS actually only says threeyears.
It must've changed because theIRS, it says here that the can
I, they can only cause you keepyour tax returns to defend
yourself in case of an auditgenerally or for applications
(24:39):
for stuff.
But it says here that the IRS.
Can only go back three years.
However, you should keep recordsup to seven years if you file a
claim for a loss From worthlesssecurities or
Dad (24:54):
bad debt deduction.
Okay, so it's more for us then.
Yeah, okay Yeah, so yeah, sothere was the seven years, but
I'm glad that it's three for yougoing after them, right?
So a guy like you who's IRS ispretty comfortable with three
And a guy like me, now there's arisk of holding it longer than
(25:14):
seven, they say, is if they findsome issues at seven, they could
go back deeper.
So throw away paperwork afterseven years.
Don't keep it.
Don't risk it.
It's kind of the old advice.
Thank you, Ashton, for checkingon that.
Yeah, anytime.
Okay.
So that'd be more tax documents.
What about property records?
(25:35):
Yeah, no, I got nothing on thisone.
Property records.
What's property records?
Any thoughts on that?
What'd be property that you'dhave records for?
Well,
Ashton (25:44):
the property record that I have is a title to my
Dad (25:47):
car.
Perfect.
Ashton (25:50):
But then you could also have the deed to a
Dad (25:51):
house
Ashton (25:53):
or any sort of bill of sell to a large
Dad (25:58):
property asset.
Love it.
I love it.
All those.
And then the only one I'd add tothat is probably insurance
policy, like homeowners,automobiles.
Oh, that's considered aproperty.
Well, because it's, it's, it'sproperty record, right?
So you're trying to, trying toprotect that property.
So if somebody, if an accidentwere to happen, it would be nice
to have those in case you getsued or you have to fight it.
(26:20):
Now those, once again, how oftendo you change your insurance?
Probably every six months youget a new statement or new, you
know, kind of reset it up.
You can throw it with the otherones right away.
There's no validity unless ifyou're in a lawsuit or fighting
something.
You just have to keep your up todate stuff.
Correct, but how long should youkeep that vehicle title?
As long as you have the vehicle.
Yep, how long do you think theregistration?
(26:43):
The year that it's registeredfor.
Yeah, then you can, then you candispose of it, get rid of it.
I'd recommend shredding any ofthese kind of paperwork, right?
Just because I think there'senough information on it.
Ooh,
Ashton (26:56):
another one is old checks.
Probably should shred
Dad (26:59):
those.
Yeah, that's, that would be downin the financial records.
So we'll jump down to that in asecond.
But you're totally right,Ashton.
Because there's so muchinformation on it.
And, and we'll get down to thatone in a second.
Okay, so property records.
What about bill of sales?
Probably worth keeping untilyou've got a title for a car,
(27:20):
right?
If I was the one selling it, howlong should I keep it?
Well, you don't, you know, Imean...
The only advantage of keepingone is if I sold it to somebody,
let's say that I sold somethingoff KSL and I wanted to keep a
bill of sale, the advantagemight be that when they come
back to me, I could be like, no,I sold it to you as is, where
is.
Hmm.
So I'd only keep it as long as Ithought that I wanted to protect
(27:43):
myself from that.
Yeah, air quotes lawsuit, right?
Or, or complaint against me.
If I sold a 500, I don't know,car, I'd be like, Oh, cool.
I'm done with it.
Throw it away.
When I sold this excursion foralmost 10 grand, I kept it for
about six months because I justthought, you know, if they do
(28:04):
come back, they're upset.
But after about six months, I'dbe like, if they took me to
small claims court, I'd be like,Guys, you guys had the car for
six months.
Yeah, no, I
Ashton (28:13):
haven't, yeah, I haven't seen it in six
Dad (28:14):
months.
I don't know what you're talkingabout.
Who knows what you've done.
Correct.
Well, I had a guy drive off witha motorcycle who signed a bill
of sale as is, where is, youknow, kind of the whole
statement.
He called me up ten, fifteendays later and said, Hey, this
motorcycle blew up.
You sold me a bad motorcycle.
I'm like, Bro, I don't think so.
He goes, Well, I was going 60 insecond gear.
I'm like, There's your problem.
(28:36):
Yeah, you popped the top end.
It's not my fault.
Go, you know, as is, where is,as is, where is, yeah.
And, and I told him the story.
I said, look, I bought this dunebuggy.
It was the same time I sold.
That's what I sold to buy thelittle kit car.
And I said, look, it's alreadybroke down twice.
Did I go back to the guy andsay, Hey, this is a problem, you
know?
So.
You should text him now just seewhat he
Ashton (28:56):
says.
Yeah.
Okay.
It's not running as good as itused to do.
Yeah He sold me a bad
Dad (29:01):
car.
See what he says Yeah, I don'thave him anymore But I did reach
out to the guy about the thecabin from a couple times after
I bought it and he was reallynice To help me, but it was
never like hey this broke youyou broke it.
It's more Hey, how did this workor how and how does this power
work?
So off subject a little bit.
Sorry Okay, any estate planningdocuments if you have a will a
(29:21):
trust life insurance burialinstructions Does that pertain
to you and the listener?
Probably not.
But when you get them, it's goodto keep them.
We keep them all locked up toget his point in the safe.
Ashton (29:33):
That's in the backyard, buried
Dad (29:35):
deep.
I was waiting for Gideon to gosomewhere else with it.
In the dryer, underneath.
Underneath there is a good spot
Ashton (29:46):
actually.
No, it's small.
No one would look there.
In the dryer.
Dad (29:51):
Okay.
Random.
Staying on the safe subject.
When you leave, now we'reprobably not always theft proof,
but who here has a spare key forsome of their cars?
All their cars?
Okay.
So, I'm the only one that raisedmy hand, but if you have spare
keys, you take one car with youon your trip and you leave the
(30:12):
other ones home, where do youthink you leave the keys at?
I'm taking my keys with me.
Cause, right, but most peoplewould just leave them in their
counter where they normally hangthem up or put them, right?
Not this guy.
I throw them all down in thesafe.
And mom thinks I'm nuts.
You start, they're gonna
Gid (30:31):
say I threw them all down the sink.
I was like, you what?
Dad (30:35):
That way Robert can't find it.
Don't do that.
Ashton (30:38):
I'm gonna put it underneath the garbage disposal.
It's a good
Dad (30:40):
idea.
So when
Ashton (30:41):
you start the garbage
Gid (30:42):
disposal they're just
Ashton (30:43):
gone?
Well no, because I'll have tofind my keys before then.
Dad (30:47):
To unlock the garbage disposal.
Ashton (30:49):
Yeah, right.
That's a, I like what we'rethinking of here.
So anytime
Dad (30:54):
that, yeah, we could do a whole theft episode maybe, but.
But the reality is, is don'tkeep something out where anybody
could find it.
That's why I kind of liked youridea with the tote, random tote
that's not labeled so thatsomebody, if they did break into
your house, they don't go, Oh,they don't see a big thing that
says passport on them.
And a lot of people do that justbecause it's convenient.
(31:15):
And then some of us don'tbecause we think what would be
convenient.
Maybe I think too much like acrook.
Ashton (31:21):
I've seen a lot of people do fake books.
Yeah, more like a book and theycut out the middle of it and
stuff
Dad (31:27):
in it.
I don't have one of those.
I'm sure.
Pretty interesting.
Yeah, I'm sure you don't haveone of those.
Tell me more.
It's definitely not adictionary.
I don't have fake cans either.
I mean, with keys in them.
No.
Well, I wasn't
Ashton (31:38):
going to mention
Dad (31:39):
the can, but all those are good ideas.
But yeah.
That's fine.
All of them are good ideas.
Unless if the can's out ofplace, like if it's a mechanic
can, a spray can, and it's upnext to the safe sitting on top
of it, it's probably...
The safe that's in the tree.
Yeah.
Yeah, yeah.
Yeah.
That's inside the back of an oldtrunk in a car, buried.
Yeah, yeah, yeah.
In the backyard.
In the backyard, underneath theold dog.
Ashton (32:01):
Gideon hides all his stuff in his fake abs.
Dad (32:04):
You know it.
Fake abs.
Is that what those are paintedon?
Okay, financial records.
Ashton, you mentioned pay stubs.
How long do you think you needto keep those?
Ashton (32:14):
Until I have the money moved into an account, they
can't take it from
Dad (32:18):
or, or maybe just, maybe just for the next week till you
get your next one and you canvalidate that it's accurate.
Yeah.
You know, so if you're working,especially like hourly jobs or
something like that, untilyou're paid in full, I'd keep
those.
It might make sense to keep somecanceled checks.
I don't know how many of youguys write checks, but if
there's something that youbought on a check and you want
to get rid of medical bills wekeep track like when.
(32:42):
When it takes multiple payments,we'll keep receipts of medical
bills and paying them downanything like that, you know
anything that's got a statementlike an investment anything
that's got legal ramificationsWould be on the financial
records.
For example, I have someemployee contracts.
How long do I keep them?
Well until i'm not an employeeanymore or until i've been paid
(33:02):
out And we're actually fairlease agreements lease
agreements a very importantthing to keep right because a
lot of times Well, even when youbought your car, you know, they
give you this whole stack ofpaperwork and you're like, what
do I keep?
What do I don't keep?
And what was my answer?
Just keep it all.
Throw it in a Ziploc, write caron it.
(33:22):
Once you sell that car, great,send that, throw away the
paperwork.
Yeah.
But mom laughs at me because wehave records of our cars when we
bought them, how much we paidfor them.
And then any major repair we'vemade on them.
I used to keep track of them.
I haven't done as good on mylast couple of cars, but.
So the reason this wholesituation came up is, is a
(33:45):
couple people in and have hadissues losing some of their
documents and People arewondering well, what's important
to keep so I want the listenerto know that the top in my
opinion The top ones are to keeptrack of your social security
card your birth certificatedriver's license and a passport.
If you have them, it's, it'ssafe to make a backup copy of
(34:08):
them.
It's good to keep them at asafety deposit box or in a
hidden area in the home thatyou're living in.
And realize if they're all goneat the same time, there are some
advocates that can help youreach out and re identify who
you are.
So I hope that helps as you goadult.
I had to put all of my important documents into place
right now.
I would probably put them all infolders that have some sort of
plastic covering around them,like either in a giant Ziploc
bag or something.
So they'd be protected from likewater damage and stuff.
And then I would put them in atote or a box and put it in a
(00:29):
closet somewhere
Dad (00:30):
where I knew where it was.
So kind of incognito somewhereinside of something.
Right.
And that would probably protectyou.
Like.
Let's say 90% of the time, even,but that would be your risk on
that would be a fire.
So you're, it's a good idea.
The safe that's in the tree.
Yeah.
Yeah, yeah.
Yeah.
That's inside the back of an oldtrunk in a car, buried.
(00:52):
Yeah, yeah, yeah.
In the backyard.
In the backyard, underneath theold dog.
Ashton (00:56):
Gideon hides all his stuff in his fake abs.
Dad (00:59):
You know it.
Fake abs.
Is that what those are paintedon?
Okay, financial records.
(03:39):
Alright, so are we recording?
Mhmm.
Alright, pop quiz for you.
What paperwork is important tokeep?
Ashton (03:48):
Birth certificate.
Ooh.
Gid (03:51):
That's a good one.
To keep as in like, to
Dad (03:54):
not lose?
Yep, to make sure you know whereit's at.
Elementary school grades.
Ashton (03:59):
Nope.
Gid (04:00):
Ooh.
Dang it.
That's a good guess though.
Ashton (04:03):
Paying statements.
Dad (04:05):
I'd assume that would be pretty important.
How far back do you think thatmatters?
Ashton (04:13):
Do you still need it now even though you can get like all
of that information online justbig statements
Dad (04:18):
not outdated I don't know that a bank statement would be
that's why I'm asking how longdo you think it matters?
That's fair.
You know, that was your
Ashton (04:24):
answer.
What do you got?
Gid (04:26):
Probably within like six
Dad (04:27):
months.
Yeah Seems
Ashton (04:30):
reasonable.
There's valid.
I don't think I have any bigstatements Social
Dad (04:35):
Security and bank statement, that's it well, we
didn't
Ashton (04:38):
say social security, but we got social security.
I lost mine.
You said birth certificate.
Yeah, well, I guess it'stechnically, well, they're not
the same.
Totally different.
Passport.
Oh, passport's a good one.
I do have that.
How
Gid (04:52):
about your license and
Ashton (04:57):
registration?
Dad (04:58):
I was gonna say registration.
Do you think those are the sameor are they different?
Nope,
Gid (05:01):
but when a cop asks, he asks for both of them.
Ashton (05:04):
That's a good
Dad (05:05):
point.
Good point.
What else do they normally askfor?
Okay,
Ashton (05:10):
like an insurance card.
Dad (05:13):
So here's my question thoughts and thoughts for you.
So why is a social security cardimportant?
Ashton (05:19):
As far as I know, it gives you a unique number.
Makes you you to the USgovernment.
Yeah, sometimes you
Gid (05:27):
need your social security number.
Ashton (05:29):
Everyone that hires you wants proof that you are a legal
citizen of the United States andSo the Social Security card is a
very surefire way to providesome of
Dad (05:43):
that evidence.
Yep Yep, so that's a good point.
So why is it required by theemployer?
Do you think?
Ashton (05:51):
Well, probably has a lot to
Dad (05:55):
do with their, I was gonna
Ashton (05:59):
say their responsibility as an employer with stuff like
Dad (06:01):
taxes.
I couldn't understand whatGideon said.
He said taxes.
Ashton (06:06):
I did say taxes, yeah.
Very exciting.
Dad (06:08):
Gotcha.
So a social security card ispretty critical to keep track of
because Gideon, you got itright.
Cause that's how they figure outhow they're going to tax you and
where to apply the taxes.
But what else is there?
And really what's the purpose ofsocial security?
Yeah, beyond
Ashton (06:24):
the government knowing who you are, I don't really
know.
So they
Gid (06:28):
can keep tabs on you.
They know that you exist.
Ashton (06:32):
It's
Dad (06:32):
a microchip I was just bouncing off what Ashton said.
Which was what, sorry?
Some microchip.
No, they don't, they don'tmicrochip you yet.
They don't track us like that.
Yet.
Well, I don't know if they willor they won't, you know,
candidly.
Elon Musk
Ashton (06:46):
wants to with that Neuralink stuff that he's doing.
Have you guys seen
Dad (06:49):
that?
No, but I, I, I think that we'vemade some grave mistakes in our
country for...
Our freedom of speech and ourfreedom of control as it
pertains to social securitycards and social security
because it never was meant to bea one system tracks all and
that's what it's become.
But it was really originally setout for those people to make
(07:11):
sure that the federal governmentdidn't feel like we did a great
job at preparing for our ownretirement.
So it was a way for them tomanage retirement to make sure
that everybody could.
Eventually stop working andenjoy retirement was the way it
was sold to the American publicBut it was also another way to
get workers out of theworkforce.
So there's retire retirementbenefits from it Disability
(07:35):
benefits.
So if you get just disabledThey're supposed to be able to
help you out on that Okay, it'salso something that Sterling and
Marshall were able to use was asurvivor benefits from it When
Heidi passed away, they wereable to, they got paid out a
monthly social security check.
(07:56):
So that's kind of what it's usedfor, but, but you're not wrong,
Ashton.
They've really used it as a wayto track most of our movements
through our jobs, so socialsecurity card is pretty critical
to have.
Do you know how to replace it?
Yeah, I
Ashton (08:13):
just got to submit some paperwork.
I know that because I have to dothat.
Gotcha.
Mine has gone incognito.
Dad (08:20):
Yeah, it's pretty critical to keep track of for that
reason.
The reason why this came up isone of our Reddit listeners
posted out there that they hadlost a lot of their important
paperwork.
So I thought it'd be importantto go through so we understood
what the important paperwork.
So I thought you guys hit it.
Well on social security cards.
Is there an advantage of gettingone sooner than later if you
don't have one currently?
(08:44):
Well, I
Ashton (08:45):
recently Needed so when when I first thought of social
security cards at the beginningof the episode was Employers and
I recently got a new job where Ineeded to go in for a background
check and fingerprinting andwhen you do that sort of stuff
they ask for either a singletype a document or Multiple type
(09:09):
B slash C documents.
Very well said.
And a type A document issomething like a passport where
there's like all the informationthey could ever need.
Or a type B document is adriver's license, a social
security card, a birthcertificate, all
Dad (09:25):
that sort of stuff.
Awesome.
Thank you, Ashton.
That was very well stated.
And a lot of times you'll go toan employer and go, well, what
do you want?
They're like, well, I can't tellyou what to bring in.
But here's the list of.
Approved items, right?
Ashton (09:40):
And most people normally bring in.
Yeah, exactly.
Dad (09:44):
Yeah.
Because of the legalities of thefederal government.
So they say most people get in,do you know where your social
security card is?
Where?
Yeah.
I'm
Gid (09:52):
pretty sure it's in the safe
Dad (09:53):
in the basement.
Oh, good.
Now everybody knows where wekeep our valuables.
Oh my gosh.
It's actually in
Ashton (09:59):
the attic.
I'll throw them off the trailfor you.
Oh, thank you.
I got, yeah, I got
Dad (10:02):
you covered.
No, I'm just kidding.
You're right.
More than likely it'sdownstairs.
Secured.
So that's an important one.
Not too hard to replace actuallylike you said.
Did you start talking to themyet?
Nope.
So I don't, I believe you set anappointment.
It's as easy as getting online.
Setting an appointment, goingin.
And for you, you have a birthcertificate and a passport
(10:25):
still.
Yep.
You know where both those are.
So you should be able to get itto replace pretty easy.
Birth certificates, when arethey valid for anything?
For your birth, for sure.
To make sure that you'rebirthed?
Ashton (10:38):
Yeah, it gives you a name, I think.
I think that's technically wherenames come from.
They just like, roll the diceand throw a name on there for
ya.
Yeah.
That's, I mean.
I assume so.
In the stork workshop.
Where all the storks
Dad (10:52):
deliver the babies from.
Maybe, maybe, probably not.
Because, as a matter of fact,Sabrina was born at home.
Not intentionally.
That's a story for a differentday.
Sabrina was an Uber delivery,maybe.
Sorry.
No, I wish.
Uber was cheaper, probably.
Maybe.
But, no, it actually was anambulance ride, and it was two
of them, Michelle and Sabrina.
(11:13):
So, and the insurance won't payfor two people in an ambulance,
apparently.
So.
Shocker.
So, I had to pay for one out ofpocket because the ambulance
didn't see it that way.
They felt like it was twoindividual people.
Kind of odd.
But anyways, it was pretty dumb.
But so, birth certificate,contrary to Ashton and Gideon's
belief, it does not come fromthe stork.
(11:35):
It actually comes from, where doyou think?
State?
County?
Country?
Birth certificate?
Yeah.
Ashton (11:44):
I think it's county.
I think it's
Dad (11:45):
state.
It is county, and that's whywhen you look at stuff, they
say, what's your city of birth?
Yep.
Right.
And so then they want to look atthe city and then they can
figure out what county.
So for example, Sabrina was bornin LA County.
So Sabrina needs to go replaceher birth certificate.
Where do you think she needs togo?
LA.
Correct.
Gone for her.
(12:07):
That would suck.
So, so security, you can go onand go anywhere cause it's a
nationwide thing, but a birthcertificate is actually quite
hard to go get again.
It's probably one of the harderdocuments to go get.
I mean, it makes sense.
Now, there are mail in optionsand stuff if you already have
one, you can send an existingcopy.
For Gene, we needed an extraphysical copy for his church
(12:30):
mission.
And it was easy enough just tosend over a certified copy
directly from, I don't, yeah.
I was trying to think of UtahCounty.
I was like, wait, Utah, we're inUtah.
Utah County happens to be...
In Utah.
In Utah,
Ashton (12:46):
ironically enough.
It's a weird thing, yeah.
Don't know how they landed that
Dad (12:49):
one.
Adoption papers.
Pretty cool, pretty critical tokeep track of.
And normally we think of that,these three items specifically
being held with parents, but asyou get older, then you start
collecting your own items.
Adoption papers, marriagecertificates and passports.
(13:10):
These are what we normallyassociate with legal documents
that are actually identifyingyou and who you are.
If somebody calls you and asksyou for your social security
number, they say, Hey, this isthe IRS, give me your social
security number, I'll send copsover to get you.
What do you normally do on that?
Not.
I give them the whole
Ashton (13:28):
number.
What?
But I change one of them.
Oh, that's
Gid (13:32):
probably still not a good idea.
Dad (13:34):
Gideon, I'd agree with you.
It seems like totally a stupididea to do that action.
I'm sorry.
But you're a full grown adult.
You do what you want to do.
I don't know which one I
Ashton (13:42):
changed.
You'll have to, you'll have tofigure it out.
Make it a little game.
Do you want
Dad (13:49):
to play a game?
Yeah, but they only have nine,they only have nine versus nine,
nine choices they have to gothrough versus what?
I guess the whole string ofthem, right?
I don't, I don't tell them thatI
Ashton (14:01):
changed a number.
Did I make their
Dad (14:03):
life difficult?
Oh, good.
Okay, and then passport.
Did we already cover passports?
And then marriage certificates,right?
Those, those are the legalidentification documents that
you need to keep track of.
Because you're absolutely right.
The federal government forsocial security number birth
certificates is something thatwhen you go to apply for a loan,
for a home, ownership, etc.
(14:25):
Now what happens if you loselike a marriage certificate?
You guys aren't married.
Also, the county that you gotmarried in.
And then passports.
What do you do with a lostpassport?
Well, I'd imagine
Ashton (14:39):
the process of that is actually fairly similar to
getting a passport itself.
Which would end up being goinginto a government building,
probably stating that you lostit, and giving some sort of
very, I
Dad (14:54):
don't know, evidence.
Correct.
Very evidence.
The other one on here I thinkwas interesting that wasn't
listed was your driver'slicense, right, or a state ID.
Because really a state IDactually is some of that
evidence a lot of times, right?
You go into, to go get a newpassport, they're gonna say,
okay, do you have your driver'slicense?
Well, if you haven't driven.
(15:15):
If you're under age or you don'thave a driver's license, you can
get a state ID card.
I know your mom did that whenshe was younger.
She had a state of California IDcard because she didn't have a
driver's license.
Not everybody drives.
So that's good to have herdriver's license.
Side note
Ashton (15:29):
here that I just thought of.
Most people, so if you're ayoung kid, Gideon, listen up.
Most adults memorize theirsocial security card number.
So it gets you out of a pinch ifyou've lost it or can't locate
it.
If you need some digits fromthat number, sometimes that's
all people ask for.
(15:49):
You can use those, but I, theother reason I was thinking of
this is I have a friend whoactually has memorized his
driver's license number and Ithought, and bank account number
and another number that was likepretty crazy.
So memorizing those numbers canbe very helpful.
I do not have my driver'slicense number
Dad (16:10):
memorized.
You know, I have my driver'slicense now for probably, what
is it?
Almost 40, not quite 40 years,whatever that be 36, 34 years.
And I've never once memorizedit.
I don't think there's anyvalidity in memorizing it for,
for, for the times I use it.
So limited.
I think when we used to writechecks, it might've made sense.
(16:31):
You know, they used to use that,I don't worry about it.
One idea that I do like, youknow, that's similar to that is
to make a copy of it.
So let's say you make a copy ofyour driver's license.
I've made copies of ourpassports.
(16:52):
I had a good friend one time whowas traveling overseas.
They were in Hong Kong, and, andthey left the, their purse in
the back of a taxi cabin as ataxi cab went, drove away the
realization to hit them thatthey left their their purse and
then went, oh, my passport's inmy purse.
(17:12):
And it's going down the road.
And so she scheduled a meetingwith the U S consulate there in
Hong Kong.
And the first question they hadis said, well, can somebody fax
us a copy of your passport now?
Cause they, she couldn't gothrough the airport with that.
She couldn't get on an airplanewith that, but at least they
would have a copy to say, okay,this is really you.
(17:32):
And then accompanied with yourdriver's license.
And maybe a social security cardor social security number they
can identify it's you and sendyou on your way Yeah, well,
Ashton (17:41):
it's interesting too because part of the reason why I
lost my social security id cardwas because I took it to go
apply for a job and then itnever got put back in its safe
space But employers actually,none of them that I've tried to
work for or with have allowed meto bring a copy of my social
(18:02):
security ID.
They've required
Dad (18:04):
the legitimate card.
Sure.
And that's going to be the case,but if you had that copy and you
went to the social securityoffice with that copy and your
birth certificate, it wouldexpedite the process, right?
Because you've got a copy.
You know, it wouldn't be thephysical copy, just like I was
saying about the birthcertificate.
They needed a certified copy.
You know, with the little stampof this Utah County on it, but
(18:28):
it's a, it's enough to get youout of a pinch, right?
And that's what you're talkingabout with your friend in the
pinch, right?
So yeah, all those will help youget either jobs or track your
documents.
Some thoughts, any ideas on howto keep those safe just real
quick before we move on?
Keep documents safe?
Ashton (18:50):
Correct.
Well, I mean, Gideon gave away.
I think my answer.
Dad (18:56):
Okay, but let's say that mom and dad, let's say that we
move and you don't have accessto a safe.
What are some other ideas tohelp the listener?
Ashton (19:05):
If, if, if I had to put all of my important documents
into place right now.
I would probably put them all infolders that have some sort of
plastic covering around them,like either in a giant Ziploc
bag or something.
So they'd be protected from likewater damage and stuff.
And then I would put them in atote or a box and put it in a
(19:30):
closet somewhere
Dad (19:32):
where I knew where it was.
So kind of incognito somewhereinside of something.
Right.
And that would probably protectyou.
Like.
Let's say 90% of the time, even,but that would be your risk on
that would be a fire.
So you're, it's a good idea.
It's better than what somepeople, you know, that I've seen
done.
There's also a lock box, right?
(19:53):
You guys have little safes whenyou guys were little kids.
They're not really quasi safe,but somebody could break into
them.
But when your mom and I werefirst married, we bought a safe
from Walmart that was only notmuch bigger, actually smaller
than a tote.
But we bolted it to a floor, youknow, when one of our first
homes, it was, I don't know,maybe a 50 box, you know,
(20:15):
invested in one of those thatyou typed in a little combo and
you could put your paperwork inthere.
And then we just screwed it withsome lag bolts down to the floor
so that somebody couldn't pickit up and walk off with it.
Makes sense.
Because even if you buy afireproof safe, which, I have in
a different location in thehouse that's smaller it's still,
it's still bolted so that itcan't just get up and walk out.
(20:39):
Right?
So somebody can't be like, Oh,here's somebody safe.
There's probably somethingvaluable.
Let me walk out the door withit.
Now could somebody get in thesafe downstairs or get, yeah,
sure.
But this is just protecting itfrom most situations.
So I like that.
Even Ashton, I thought your ideawas great.
There's one that I think we'reoverlooking that we've never
used, but probably a good ideaif you travel a lot or if
(21:02):
you're, you're not supertransit, but you, you're moving
quite a bit is a safety depositbox.
Thank you.
A safety deposit box at a bank,you know, somewhere you hear
about them, but you never haveactually probably used them, but
it's a good way to store some ofthose documents or even jewelry
or something that you might havethat you want to protect.
Ashton (21:25):
I was going to say, you always see those in the movies,
they're the, whenever there'sthe heist happening, you've got
the safety deposit box that, canI get the key?
Dad (21:32):
Oh yeah, here you go.
Right.
And then they steal the stuff.
And that's probably a goodplace, Ashton, to go back to
what you originally said, whichwas your, your elementary report
card.
If you want to keep thatsomeplace, that's probably good
too.
Those are important to me.
Would be a safety deposit box.
Ashton (21:48):
I'm taped on my ceiling right now, look at them.
I regret third grade, but otherthan that, we're good.
Dad (21:52):
Well, you know, it was kind of a rough year for you.
We all have it.
Puberty happened young.
Ashton (22:00):
Yeah.
Yeah,
Dad (22:00):
third grade was really tough.
And you started growing thatbeard and everything.
People thought it was kind ofodd, but you know, whatever.
You know, I had,
Ashton (22:06):
I had my support system in place, so it was
Dad (22:09):
okay.
But at least the second time youdid third grade, it was fine.
It was just the first one waskind of rough on you.
Yeah.
By the
Ashton (22:14):
third time around, I was, I was comfortable in my own
shoes.
Let's not
Dad (22:17):
lie to people.
T's enough.
All right.
Tax documents tax returnsimportant to keep?
Ashton (22:25):
Nah.
Oh, wait.
Dad (22:28):
Yes.
Why were they important for youin the last couple of years as a
young adult?
Ashton (22:31):
Well, they haven't been important for me yet.
Those were important forSabrina.
Oh, they weren't important foryou?
No, because I haven't had todefend myself against the IRS
Dad (22:40):
yet.
Well, okay.
That's a good one yet.
Knock on wood.
She had to defend herself fromthe IRS.
But the other thing was whatabout filing for Financial aid.
Oh, yeah.
Ashton (22:50):
No, I actually did.
I forgot about that.
Yeah, I've filed for any of youcollege individuals have
probably heard this before butit's FAFSA, federal application
for student aid.
I use that to show thegovernment that I was broke So
they gave me a lot of money tohelp me finish college
Dad (23:06):
Let's not, let's not exaggerate.
They give you a little bit ofmoney to, to finish college and
then encourage you to take out alarge student loan, which I
respectfully declined.
That's another tangent for adifferent day.
So tax return's pretty criticalto keep.
How long do you think you keepthose?
So, yeah, go ahead.
You getting, you
Ashton (23:24):
go.
I know the answer.
Oh.
Gid (23:27):
What starts with this
Ashton (23:29):
way to read the room
Gid (23:31):
seven.
Ashton (23:35):
Yo,
Dad (23:37):
months of tax return.
So not in quite a full year.
You're right.
You're right with your secondguest.
Seven, seven months, sevenyears, seven years of taxes.
W twos are good even though youcan find them online.
You know, you never know when anemployer is going to change
their logins or their passwordor switch companies.
So keeping your W twos in any 1099 forms that you might've got
(23:58):
from an employer.
You know, we don't keep those assecure as we do the other
documents.
Well, because if they do getlost, I would just have to turn
to my account and say, okay, Ineed to go back and regenerate
these.
These are in a cardboard box.
More like your idea.
You had Ashton with yourimportant papers.
So I,
Ashton (24:19):
okay, sorry.
I have to backtrack us just alittle bit because I was going
to say six and then you saidseven.
And so I was like, Oh wait, Ihave to check.
IRS actually only says threeyears.
It must've changed because theIRS, it says here that the can
I, they can only cause you keepyour tax returns to defend
yourself in case of an auditgenerally or for applications
(24:39):
for stuff.
But it says here that the IRS.
Can only go back three years.
However, you should keep recordsup to seven years if you file a
claim for a loss From worthlesssecurities or
Dad (24:54):
bad debt deduction.
Okay, so it's more for us then.
Yeah, okay Yeah, so yeah, sothere was the seven years, but
I'm glad that it's three for yougoing after them, right?
So a guy like you who's IRS ispretty comfortable with three
And a guy like me, now there's arisk of holding it longer than
(25:14):
seven, they say, is if they findsome issues at seven, they could
go back deeper.
So throw away paperwork afterseven years.
Don't keep it.
Don't risk it.
It's kind of the old advice.
Thank you, Ashton, for checkingon that.
Yeah, anytime.
Okay.
So that'd be more tax documents.
What about property records?
(25:35):
Yeah, no, I got nothing on thisone.
Property records.
What's property records?
Any thoughts on that?
What'd be property that you'dhave records for?
Well,
Ashton (25:44):
the property record that I have is a title to my
Dad (25:47):
car.
Perfect.
Ashton (25:50):
But then you could also have the deed to a
Dad (25:51):
house
Ashton (25:53):
or any sort of bill of sell to a large
Dad (25:58):
property asset.
Love it.
I love it.
All those.
And then the only one I'd add tothat is probably insurance
policy, like homeowners,automobiles.
Oh, that's considered aproperty.
Well, because it's, it's, it'sproperty record, right?
So you're trying to, trying toprotect that property.
So if somebody, if an accidentwere to happen, it would be nice
to have those in case you getsued or you have to fight it.
(26:20):
Now those, once again, how oftendo you change your insurance?
Probably every six months youget a new statement or new, you
know, kind of reset it up.
You can throw it with the otherones right away.
There's no validity unless ifyou're in a lawsuit or fighting
something.
You just have to keep your up todate stuff.
Correct, but how long should youkeep that vehicle title?
As long as you have the vehicle.
Yep, how long do you think theregistration?
(26:43):
The year that it's registeredfor.
Yeah, then you can, then you candispose of it, get rid of it.
I'd recommend shredding any ofthese kind of paperwork, right?
Just because I think there'senough information on it.
Ooh,
Ashton (26:56):
another one is old checks.
Probably should shred
Dad (26:59):
those.
Yeah, that's, that would be downin the financial records.
So we'll jump down to that in asecond.
But you're totally right,Ashton.
Because there's so muchinformation on it.
And, and we'll get down to thatone in a second.
Okay, so property records.
What about bill of sales?
Probably worth keeping untilyou've got a title for a car,
(27:20):
right?
If I was the one selling it, howlong should I keep it?
Well, you don't, you know, Imean...
The only advantage of keepingone is if I sold it to somebody,
let's say that I sold somethingoff KSL and I wanted to keep a
bill of sale, the advantagemight be that when they come
back to me, I could be like, no,I sold it to you as is, where
is.
Hmm.
So I'd only keep it as long as Ithought that I wanted to protect
(27:43):
myself from that.
Yeah, air quotes lawsuit, right?
Or, or complaint against me.
If I sold a 500, I don't know,car, I'd be like, Oh, cool.
I'm done with it.
Throw it away.
When I sold this excursion foralmost 10 grand, I kept it for
about six months because I justthought, you know, if they do
(28:04):
come back, they're upset.
But after about six months, I'dbe like, if they took me to
small claims court, I'd be like,Guys, you guys had the car for
six months.
Yeah, no, I
Ashton (28:13):
haven't, yeah, I haven't seen it in six
Dad (28:14):
months.
I don't know what you're talkingabout.
Who knows what you've done.
Correct.
Well, I had a guy drive off witha motorcycle who signed a bill
of sale as is, where is, youknow, kind of the whole
statement.
He called me up ten, fifteendays later and said, Hey, this
motorcycle blew up.
You sold me a bad motorcycle.
I'm like, Bro, I don't think so.
He goes, Well, I was going 60 insecond gear.
I'm like, There's your problem.
(28:36):
Yeah, you popped the top end.
It's not my fault.
Go, you know, as is, where is,as is, where is, yeah.
And, and I told him the story.
I said, look, I bought this dunebuggy.
It was the same time I sold.
That's what I sold to buy thelittle kit car.
And I said, look, it's alreadybroke down twice.
Did I go back to the guy andsay, Hey, this is a problem, you
know?
So.
You should text him now just seewhat he
Ashton (28:56):
says.
Yeah.
Okay.
It's not running as good as itused to do.
Yeah He sold me a bad
Dad (29:01):
car.
See what he says Yeah, I don'thave him anymore But I did reach
out to the guy about the thecabin from a couple times after
I bought it and he was reallynice To help me, but it was
never like hey this broke youyou broke it.
It's more Hey, how did this workor how and how does this power
work?
So off subject a little bit.
Sorry Okay, any estate planningdocuments if you have a will a
(29:21):
trust life insurance burialinstructions Does that pertain
to you and the listener?
Probably not.
But when you get them, it's goodto keep them.
We keep them all locked up toget his point in the safe.
Ashton (29:33):
That's in the backyard, buried
Dad (29:35):
deep.
I was waiting for Gideon to gosomewhere else with it.
In the dryer, underneath.
Underneath there is a good spot
Ashton (29:46):
actually.
No, it's small.
No one would look there.
In the dryer.
Dad (29:51):
Okay.
Random.
Staying on the safe subject.
When you leave, now we'reprobably not always theft proof,
but who here has a spare key forsome of their cars?
All their cars?
Okay.
So, I'm the only one that raisedmy hand, but if you have spare
keys, you take one car with youon your trip and you leave the
(30:12):
other ones home, where do youthink you leave the keys at?
I'm taking my keys with me.
Cause, right, but most peoplewould just leave them in their
counter where they normally hangthem up or put them, right?
Not this guy.
I throw them all down in thesafe.
And mom thinks I'm nuts.
You start, they're gonna
Gid (30:31):
say I threw them all down the sink.
I was like, you what?
Dad (30:35):
That way Robert can't find it.
Don't do that.
Ashton (30:38):
I'm gonna put it underneath the garbage disposal.
It's a good
Dad (30:40):
idea.
So when
Ashton (30:41):
you start the garbage
Gid (30:42):
disposal they're just
Ashton (30:43):
gone?
Well no, because I'll have tofind my keys before then.
Dad (30:47):
To unlock the garbage disposal.
Ashton (30:49):
Yeah, right.
That's a, I like what we'rethinking of here.
So anytime
Dad (30:54):
that, yeah, we could do a whole theft episode maybe, but.
But the reality is, is don'tkeep something out where anybody
could find it.
That's why I kind of liked youridea with the tote, random tote
that's not labeled so thatsomebody, if they did break into
your house, they don't go, Oh,they don't see a big thing that
says passport on them.
And a lot of people do that justbecause it's convenient.
(31:15):
And then some of us don'tbecause we think what would be
convenient.
Maybe I think too much like acrook.
Ashton (31:21):
I've seen a lot of people do fake books.
Yeah, more like a book and theycut out the middle of it and
stuff
Dad (31:27):
in it.
I don't have one of those.
I'm sure.
Pretty interesting.
Yeah, I'm sure you don't haveone of those.
Tell me more.
It's definitely not adictionary.
I don't have fake cans either.
I mean, with keys in them.
No.
Well, I wasn't
Ashton (31:38):
going to mention
Dad (31:39):
the can, but all those are good ideas.
But yeah.
That's fine.
All of them are good ideas.
Unless if the can's out ofplace, like if it's a mechanic
can, a spray can, and it's upnext to the safe sitting on top
of it, it's probably...
The safe that's in the tree.
Yeah.
Yeah, yeah.
Yeah.
That's inside the back of an oldtrunk in a car, buried.
Yeah, yeah, yeah.
In the backyard.
In the backyard, underneath theold dog.
Ashton (32:01):
Gideon hides all his stuff in his fake abs.
Dad (32:04):
You know it.
Fake abs.
Is that what those are paintedon?
Okay, financial records.
Ashton, you mentioned pay stubs.
How long do you think you needto keep those?
Ashton (32:14):
Until I have the money moved into an account, they
can't take it from
Dad (32:18):
or, or maybe just, maybe just for the next week till you
get your next one and you canvalidate that it's accurate.
Yeah.
You know, so if you're working,especially like hourly jobs or
something like that, untilyou're paid in full, I'd keep
those.
It might make sense to keep somecanceled checks.
I don't know how many of youguys write checks, but if
there's something that youbought on a check and you want
to get rid of medical bills wekeep track like when.
(32:42):
When it takes multiple payments,we'll keep receipts of medical
bills and paying them downanything like that, you know
anything that's got a statementlike an investment anything
that's got legal ramificationsWould be on the financial
records.
For example, I have someemployee contracts.
How long do I keep them?
Well until i'm not an employeeanymore or until i've been paid
(33:02):
out And we're actually fairlease agreements lease
agreements a very importantthing to keep right because a
lot of times Well, even when youbought your car, you know, they
give you this whole stack ofpaperwork and you're like, what
do I keep?
What do I don't keep?
And what was my answer?
Just keep it all.
Throw it in a Ziploc, write caron it.
(33:22):
Once you sell that car, great,send that, throw away the
paperwork.
Yeah.
But mom laughs at me because wehave records of our cars when we
bought them, how much we paidfor them.
And then any major repair we'vemade on them.
I used to keep track of them.
I haven't done as good on mylast couple of cars, but.
So the reason this wholesituation came up is, is a
(33:45):
couple people in and have hadissues losing some of their
documents and People arewondering well, what's important
to keep so I want the listenerto know that the top in my
opinion The top ones are to keeptrack of your social security
card your birth certificatedriver's license and a passport.
If you have them, it's, it'ssafe to make a backup copy of
(34:08):
them.
It's good to keep them at asafety deposit box or in a
hidden area in the home thatyou're living in.
And realize if they're all goneat the same time, there are some
advocates that can help youreach out and re identify who
you are.
So I hope that helps as you goadult.
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Therapy Gecko
An unlicensed lizard psychologist travels the universe talking to strangers about absolutely nothing. TO CALL THE GECKO: follow me on https://www.twitch.tv/lyleforever to get a notification for when I am taking calls. I am usually live Mondays, Wednesdays, and Fridays but lately a lot of other times too. I am a gecko.