May 20, 2025 • 14 mins
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Episode Transcript
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Speaker 1 (00:01):
Welcome to the Fiscal Physical Podcast.
Join us each week as we sitdown with the founder of Alchemy
Wealth Management and author ofyour Fiscal Physical, Ryan
Nelson.
Tune in to gain valuableinsights and practical tips as
we simplify complex financialconcepts into digestible lessons
(00:22):
.
From budgeting to retirementplanning, this podcast is your
go-to resource for masteringfinancial literacy.
Aaron Hoisington (00:33):
Welcome everybody to this week's episode
of the Fiscal Physical Podcast.
My name is Aaron.
I am here with the founder ofAlchemy Wealth Management,
author of the popular book yourFiscal Physical Seven Keys to
Becoming Financially Fit.
You guys can find that one onAmazon, mr Ryan Nelson.
(00:54):
How are you today?
Ryan, I am doing well.
How's your day going?
It's going pretty good man.
I just have to say, looking atyou across from me here, you
feel like you're lookingsuccessful today.
Yeah.
Ryan Nelson (01:06):
I was thinking the same thing.
Aaron Hoisington (01:06):
Yeah, about yourself obviously I'm in my
pajamas here.
You guys will never tell that,but no, we really appreciate
everyone tuning in checking usout here.
We're into, I think, the 70sfor these episodes.
So time flies when you'rehaving fun and we're hoping to
keep bringing you guys some joywherever you might be, listening
from all over the world,apparently too.
(01:28):
But Ryan, you ready to jump intotoday's topic?
Let's do it All right.
So we are going to talk aboutAPR versus interest rate.
What's the difference and whydoes it matter?
So, ryan, we've talked aboutcredit card interest rates.
We've talked about just creditcard, debt, credit scores, these
different things.
So if you guys have missedthose, please go back and check
(01:49):
those out.
Those are some of our, I think,most helpful episodes that
we've done.
But I was watching TV the otherday, saw a commercial come up
for a car commercial or a cardealership, which we've all
probably seen those and theymentioned interest rates.
But they really hammered on APRand honestly, naively, I was
really hammered on APR andhonestly, naively, I was like,
(02:11):
oh, those things are pretty muchthe same.
Ryan Nelson (02:12):
And then I got to Google it and I was like well,
those aren't the same.
Aaron Hoisington (02:14):
Let's talk about that on the podcast here.
So I've been waiting for thisone, for you to break it down in
a more digestible way, so I'llturn it over to you, man.
Ryan Nelson (02:21):
Yeah.
So the reality is they are verysimilar.
They're not exactly the same.
I would say it's one of thosethings that probably, just like
when you're out in the wild justtalking to people, people
probably use theminterchangeably, incorrectly
interchangeably you know,perfect yeah.
But yeah, I think if you talk tolike random Joe Schmo, they're
probably going to perceive theseto be the same thing and for
(02:42):
all intents and purposes theyare very similar.
But so let's talk a little bitabout what they are and how they
are different.
Awesome.
So an interest rate iseffectively the interest rate is
like the base cost of borrowingmoney and it's always expressed
as a percentage.
So if I borrow $100 from youand you want me to pay you $10 a
(03:04):
year in interest back, we wouldbreak that down as a percentage
.
So we'd say $10 divided by $100, 10% interest rate.
So it's what the lender chargesyou annually for borrowing,
essentially, and it does notinclude any fees.
So if you were buying a car,you could think of this as the
sticker price of the car.
You go, look at the car.
You see a sticker price.
(03:24):
Everybody knows who's bought acar off a car lot.
You see that sticker price says$30,000.
You walk out the door and itcosts you $40,000.
Aaron Hoisington (03:30):
What the heck happened?
Ryan Nelson (03:31):
right so you can think of interest rates as the
sticker price, right, and so,again, does not include fees.
Now APR, which stands forannual percentage rate, it feels
similar to interest because itis again a percentage rate
that's been annualized, but itincludes the interest rate plus
(03:53):
the lender fees.
So it could be originating fees, closing costs.
Depending on what type ofproduct you're buying, it could
be different fees associatedwith it.
But so with this car example,if you bought the car again, the
sticker price would be theprice you see in the window.
Really that might cost you 30grand.
We all know when you actuallywalk out the door with this car
(04:14):
it actually cost you 40 grandafter all the fees, right.
So similarly, you might seesomething that has a 10%
interest rate but the APR is 11%or 12%.
That's saying it's your 10%interest rate plus all the fees,
calculated in and thenre-expressed as a percentage.
So the APR is really a morerobust tool and it gives you a
(04:35):
more clear picture of whatyou're actually going to be
paying because it includes allthe fees.
So anytime you're going to becomparing interest rates or
again, so anytime you're goingto be comparing interest rates
or again comparing sort ofborrowing costs you'd want to be
comparing APRs, not interestrates.
So it is theoretically possible.
There could be two lenders, onecharging 9%, one charging 10%.
(04:57):
The one charging 9% has morefees.
If you just looked at theinterest rates, you'd say, oh,
9% is lower than 10%.
Right, totally.
If you just looked at theinterest rate, 9% looks more
fees.
If you just looked at theinterest rates, you'd say, oh,
9% is lower than 10%.
Right, totally.
If you just looked at theinterest rate, 9% looks more
attractive.
If the 9% lender, though, hasmore fees, it might be that
their APR is 12% and the APR ofthe 10% person is only 11%.
So you'd know all in sort ofinterest rate and fees, apr
(05:20):
comparing 12% to 11%.
Let's go with the 11% lender,even though maybe the interest
rate with that lender was alittle bit higher.
Sure.
Aaron Hoisington (05:27):
Does that make sense?
Yeah, it absolutely does, andit's interesting to see, I guess
when you're shopping around orwhatever it might be, to check
that out to see, because Igenerally just normally have
just looked at the interest Okay, what's my interest rate on
this loan, or whatever I don'tdon't know, as though I've taken
.
I remember when I first boughtmy first car, my dad asked well,
(05:47):
what's your APR?
And I was like I don't evenknow what that means.
Sure, yeah, so I got a 4% loan,but it was 5% in the end, like
5 point something or whatever.
So I was like, oh, okay, that'sa little bit higher than I
thought, but at that point I wasalready dialed in about this
car, so it didn't really matterwhat it was.
but that's good to kind of breakdown what those things are.
Ryan Nelson (06:07):
And really you do want to think about that APR.
If you're buying a house or acar or something, it's good to
know really what is the totalexpense going to be.
The interest rate is one pieceof it, for sure, but what are
all the other fees and what isthe APR?
So again, I think gravitatingmore towards the APR is a more
robust metric.
Aaron Hoisington (06:24):
And is annual percentage rate?
Is that, calculated annually,what you pay?
Is that how interest rates worktoo?
I don't know if that's justyeah, both are going to be.
Ryan Nelson (06:31):
Both are going to be annual.
Okay, yeah, yeah, cool.
Technically you could look atan interest rate over something
that's less than annual.
There are payday loans andstuff that they might charge you
monthly of a monthly rate ordaily rate or something like
that.
So, as you know, as with mostthings we talk about, it's not
like 100% all-inclusive.
Right.
Right, but most of the timewhen you're talking about an
(06:53):
interest rate, people aretalking about annual rates.
Okay, but certainly, yeah, Imean I do believe there's payday
loans and stuff that have likedaily interest rates yeah.
Aaron Hoisington (07:04):
Which is not good.
Yeah, that would be tough,unless you're planning on paying
it back within hours, which isprobably yeah, you're doing,
yeah, we're being honest, likethat's a you know go, go and put
it all on black and then comeback and you know pay that off,
which never really goes well.
But, um, and just to confirm,is this on pretty much any
commercial like or anylegitimate, if you would like, a
(07:24):
like, borrowing process, like,for most things I mean?
Ryan Nelson (07:27):
you could in.
In theory, an APR kind ofapplies to anything.
Even if it wasn't provided toyou, you could calculate your
own right.
It's just going to be theinterest rate plus all the fees,
then re-expressed as apercentage interest.
So yeah, apr would apply toanything.
Now, that being said, anylegitimate purchase, they're
probably going to have the APRthere.
It is advertised a lot, but ifnot, if you ask, they should be
(07:53):
able to provide it.
So yeah, any vehicle purchase,home purchase, any large
financing decision, the APRshould be provided to you.
But if not, it is theoreticallysomething you could calculate
for any transaction.
Aaron Hoisington (08:01):
Yeah, that's a big piece too right there.
What you just mentioned isasking questions.
I think if you're going to bemaking a financial decision or
you're looking to borrow moneyor borrow something to buy, get
all the information out therefor sure, because no one's going
to look at you and think you'restupid for asking for the APR.
Cool, I see the interest ratehere.
Can I compare the APR One?
(08:23):
That's going to be like okay,maybe if it's not fully
advertised it might not be whatyou want to do, but I'm just
ensuring you have all thedetails up front so you know
exactly what you're going to bepaying.
Because same boat with the caryou go in and it's $30,000
advertised.
You're like, cool, I have$30,000 to pay for this.
And then you're like, oh no, Idon't have $40,000 to pay for
this, but at this point you'realready in.
Ryan Nelson (08:45):
Yeah, yeah, I mean yeah, exactly.
And if they come back and theyjust say the APR is the same as
the interest rate, then perfect,there's no other additional
fees in there, that's great.
So it's possible the APR andinterest rate could be the same,
but oftentimes they're not.
Oftentimes there's some sort offee there, and so, yeah, it's
good to get a feel for how thatcalculates in.
So sort of in summary, interestrates are the cost of borrowing
(09:07):
, apr is the cost of borrowingplus fees, so a little more all
inclusive.
And so the APR is a better it'sa better tool to use to compare
costs, right, compare rateswhen exploring things like
mortgages or loans or creditcards.
And so, yeah, I think a goodpractice would be just to always
ask whoever the lender is for abreakdown and just always ask
(09:31):
for more information and askthem to explain it to you.
Aaron Hoisington (09:34):
Yep, I think that that's solid advice,
hopefully, or at least somethingto kind of think about when
you're going into thesesituations, and hopefully you
guys now learned a little bit,like I did, as far as what APR
and interest rates aredifferences, similarities now
they're kind of connected there,so let us know, guys.
If you have any other questionson this.
I know that Ryan and I wouldlove to talk about this, please
(09:55):
direct them to Ryan, but for now, go ahead and hang tight.
We'll be right back on theother side of this.
Speaker 1 (10:00):
And now to put the personal in personal finance.
Aaron Hoisington (10:07):
Welcome back everybody to this side of the
physical, physical podcast.
We are into the personalsection, and, ryan, today I got
a food question for you.
Do you like food?
I love food.
Atta baby, do you like food?
Yeah, it's all right, I loveeating, love food in general.
As I'm getting older, I thinkI'm only appreciating it more,
(10:28):
too Sure.
So my question for you, though,is what's the most unique food
you've ever had?
Like?
Where did you have it?
At what was it?
Just describe that to me.
Ryan Nelson (10:38):
Yeah, I don't know.
I'm pretty much up to tryanything, so I've probably had
some stuff that I'm just noteven thinking off the top of my
head here.
But I do remember taking a tripto Mexico at one point with a
boss and he lived in Mexico andhis primary residence was in
Mexico and he this was before Iwas doing finances, this was
back when I was doingengineering and he took me to
like a taco place he liked, andit was just like kind of the the
(11:03):
cool thing or what he wastrying to show me was like how
many different types of tacosthey had, sure, and uh, so there
were like tongue, so lingua,yeah, tacos, and good spanish,
by the way.
Aaron Hoisington (11:13):
Thank you, yeah and, uh, brain.
Ryan Nelson (11:15):
I can't remember like what it was like if it was
goat brain or brain of some sortof taco, right.
So I tried both of those.
So tongue and brain are both, Iguess, fairly unique.
Yeah, oh yeah.
Aaron Hoisington (11:27):
Yeah, what about you?
Yeah, that's it, yeah, that'sit.
So two stories come to mind.
You're in, actually, one ofthem.
So when we went to you and Iwent to Columbia, in 2014.
Sure, so like 11 years ago,which is crazy, but we went to
this restaurant down there onetime and there was tongue on the
menu.
Sure, so like 11 years ago,which is crazy, but we went to
this restaurant down there onetime and there was, there was
tongue on the menu.
Sure.
Ryan Nelson (11:46):
Yeah.
Aaron Hoisington (11:46):
And it was a and I was like, yeah, I got, I'm
going to get that.
I think two or three of usordered it and it was just this
monster slab, a slab of tongue,and I was just like whoa, this
thing is huge.
First off I was like it had tobe like inflated or something
like that, but I guess it wasbeef tongue and I had that and I
remember just the presentationof that on the plate.
(12:07):
I was like whoa, this is themost unique thing I've ever
eaten.
Yeah, yeah, and it was okay.
It was a little chewy and likewhatever.
And then I went to this Asianrestaurant over in New York and
I had chicken feet over there.
Ryan Nelson (12:22):
Terrible.
It was just like there doesn'tseem like there'd be much meat
on the foot of a chicken, andit's literally it's served to
you as a foot, like they bringout, like they're holding, like
it's the craziest prison.
Aaron Hoisington (12:33):
It's literally like it looks like a deep fried
chicken foot and just exactlywhat you see, like somebody
walking around on a barnyard andI I was like that sounds cool,
let's try that.
I don't know if I knowdisrespect, if anyone likes that
or whatever, but I did not but,it was something cool.
I was like, hey, I've hadchicken feed.
If anyone ever asked, hey,there you go, I definitely, uh,
definitely have.
But I'm saying with you I'lltry anything once.
(12:53):
Like you know, if somebody'slike, hey, I got this like place
I want to eat and I've neverhad it before, I was like, yeah,
cool, let's.
Let's try it, let's get a shotLike uh, um, maybe I shouldn't
do that in some cases.
It might save my stomach alittle bit but, hard to say, but
cool man, Awesome.
Appreciate you sharing, asalways, Ryan.
Appreciate everybody checkingus out here.
Please let us know.
If you have any questions forthe podcast, we'd love to get
(13:15):
them on there.
And uh, Ryan, I'll let you playus out, as always stay the
course.
Speaker 1 (13:43):
Thank you as always.
Stay the course today'sdiscussion, subscribe to the
podcast to ensure you never missan episode, and consider
leaving us a rating and reviewon your favorite platform.
This helps other listeners likeyou find the show.
For more resources, you canvisit Alchemy Wealth
Management's website atwwwalchemywealthcom or find your
fiscal physical.
The book on Amazon.
We'd be remiss if we didn'tmention that personal finance is
just that personal.
(14:04):
Please don't take anything wesay as the book on Amazon.
Welcome to the Fiscal Physical Podcast.
Join us each week as we sitdown with the founder of Alchemy
Wealth Management and author ofyour Fiscal Physical, Ryan
Nelson.
Tune in to gain valuableinsights and practical tips as
we simplify complex financialconcepts into digestible lessons
(00:22):
.
From budgeting to retirementplanning, this podcast is your
go-to resource for masteringfinancial literacy.
Aaron Hoisington (00:33):
Welcome everybody to this week's episode
of the Fiscal Physical Podcast.
My name is Aaron.
I am here with the founder ofAlchemy Wealth Management,
author of the popular book yourFiscal Physical Seven Keys to
Becoming Financially Fit.
You guys can find that one onAmazon, mr Ryan Nelson.
(00:54):
How are you today?
Ryan, I am doing well.
How's your day going?
It's going pretty good man.
I just have to say, looking atyou across from me here, you
feel like you're lookingsuccessful today.
Yeah.
Ryan Nelson (01:06):
I was thinking the same thing.
Aaron Hoisington (01:06):
Yeah, about yourself obviously I'm in my
pajamas here.
You guys will never tell that,but no, we really appreciate
everyone tuning in checking usout here.
We're into, I think, the 70sfor these episodes.
So time flies when you'rehaving fun and we're hoping to
keep bringing you guys some joywherever you might be, listening
from all over the world,apparently too.
(01:28):
But Ryan, you ready to jump intotoday's topic?
Let's do it All right.
So we are going to talk aboutAPR versus interest rate.
What's the difference and whydoes it matter?
So, ryan, we've talked aboutcredit card interest rates.
We've talked about just creditcard, debt, credit scores, these
different things.
So if you guys have missedthose, please go back and check
(01:49):
those out.
Those are some of our, I think,most helpful episodes that
we've done.
But I was watching TV the otherday, saw a commercial come up
for a car commercial or a cardealership, which we've all
probably seen those and theymentioned interest rates.
But they really hammered on APRand honestly, naively, I was
really hammered on APR andhonestly, naively, I was like,
(02:11):
oh, those things are pretty muchthe same.
Ryan Nelson (02:12):
And then I got to Google it and I was like well,
those aren't the same.
Aaron Hoisington (02:14):
Let's talk about that on the podcast here.
So I've been waiting for thisone, for you to break it down in
a more digestible way, so I'llturn it over to you, man.
Ryan Nelson (02:21):
Yeah.
So the reality is they are verysimilar.
They're not exactly the same.
I would say it's one of thosethings that probably, just like
when you're out in the wild justtalking to people, people
probably use theminterchangeably, incorrectly
interchangeably you know,perfect yeah.
But yeah, I think if you talk tolike random Joe Schmo, they're
probably going to perceive theseto be the same thing and for
(02:42):
all intents and purposes theyare very similar.
But so let's talk a little bitabout what they are and how they
are different.
Awesome.
So an interest rate iseffectively the interest rate is
like the base cost of borrowingmoney and it's always expressed
as a percentage.
So if I borrow $100 from youand you want me to pay you $10 a
(03:04):
year in interest back, we wouldbreak that down as a percentage
.
So we'd say $10 divided by $100, 10% interest rate.
So it's what the lender chargesyou annually for borrowing,
essentially, and it does notinclude any fees.
So if you were buying a car,you could think of this as the
sticker price of the car.
You go, look at the car.
You see a sticker price.
(03:24):
Everybody knows who's bought acar off a car lot.
You see that sticker price says$30,000.
You walk out the door and itcosts you $40,000.
Aaron Hoisington (03:30):
What the heck happened?
Ryan Nelson (03:31):
right so you can think of interest rates as the
sticker price, right, and so,again, does not include fees.
Now APR, which stands forannual percentage rate, it feels
similar to interest because itis again a percentage rate
that's been annualized, but itincludes the interest rate plus
(03:53):
the lender fees.
So it could be originating fees, closing costs.
Depending on what type ofproduct you're buying, it could
be different fees associatedwith it.
But so with this car example,if you bought the car again, the
sticker price would be theprice you see in the window.
Really that might cost you 30grand.
We all know when you actuallywalk out the door with this car
(04:14):
it actually cost you 40 grandafter all the fees, right.
So similarly, you might seesomething that has a 10%
interest rate but the APR is 11%or 12%.
That's saying it's your 10%interest rate plus all the fees,
calculated in and thenre-expressed as a percentage.
So the APR is really a morerobust tool and it gives you a
(04:35):
more clear picture of whatyou're actually going to be
paying because it includes allthe fees.
So anytime you're going to becomparing interest rates or
again, so anytime you're goingto be comparing interest rates
or again comparing sort ofborrowing costs you'd want to be
comparing APRs, not interestrates.
So it is theoretically possible.
There could be two lenders, onecharging 9%, one charging 10%.
(04:57):
The one charging 9% has morefees.
If you just looked at theinterest rates, you'd say, oh,
9% is lower than 10%.
Right, totally.
If you just looked at theinterest rate, 9% looks more
fees.
If you just looked at theinterest rates, you'd say, oh,
9% is lower than 10%.
Right, totally.
If you just looked at theinterest rate, 9% looks more
attractive.
If the 9% lender, though, hasmore fees, it might be that
their APR is 12% and the APR ofthe 10% person is only 11%.
So you'd know all in sort ofinterest rate and fees, apr
(05:20):
comparing 12% to 11%.
Let's go with the 11% lender,even though maybe the interest
rate with that lender was alittle bit higher.
Sure.
Aaron Hoisington (05:27):
Does that make sense?
Yeah, it absolutely does, andit's interesting to see, I guess
when you're shopping around orwhatever it might be, to check
that out to see, because Igenerally just normally have
just looked at the interest Okay, what's my interest rate on
this loan, or whatever I don'tdon't know, as though I've taken
.
I remember when I first boughtmy first car, my dad asked well,
(05:47):
what's your APR?
And I was like I don't evenknow what that means.
Sure, yeah, so I got a 4% loan,but it was 5% in the end, like
5 point something or whatever.
So I was like, oh, okay, that'sa little bit higher than I
thought, but at that point I wasalready dialed in about this
car, so it didn't really matterwhat it was.
but that's good to kind of breakdown what those things are.
Ryan Nelson (06:07):
And really you do want to think about that APR.
If you're buying a house or acar or something, it's good to
know really what is the totalexpense going to be.
The interest rate is one pieceof it, for sure, but what are
all the other fees and what isthe APR?
So again, I think gravitatingmore towards the APR is a more
robust metric.
Aaron Hoisington (06:24):
And is annual percentage rate?
Is that, calculated annually,what you pay?
Is that how interest rates worktoo?
I don't know if that's justyeah, both are going to be.
Ryan Nelson (06:31):
Both are going to be annual.
Okay, yeah, yeah, cool.
Technically you could look atan interest rate over something
that's less than annual.
There are payday loans andstuff that they might charge you
monthly of a monthly rate ordaily rate or something like
that.
So, as you know, as with mostthings we talk about, it's not
like 100% all-inclusive.
Right.
Right, but most of the timewhen you're talking about an
(06:53):
interest rate, people aretalking about annual rates.
Okay, but certainly, yeah, Imean I do believe there's payday
loans and stuff that have likedaily interest rates yeah.
Aaron Hoisington (07:04):
Which is not good.
Yeah, that would be tough,unless you're planning on paying
it back within hours, which isprobably yeah, you're doing,
yeah, we're being honest, likethat's a you know go, go and put
it all on black and then comeback and you know pay that off,
which never really goes well.
But, um, and just to confirm,is this on pretty much any
commercial like or anylegitimate, if you would like, a
(07:24):
like, borrowing process, like,for most things I mean?
Ryan Nelson (07:27):
you could in.
In theory, an APR kind ofapplies to anything.
Even if it wasn't provided toyou, you could calculate your
own right.
It's just going to be theinterest rate plus all the fees,
then re-expressed as apercentage interest.
So yeah, apr would apply toanything.
Now, that being said, anylegitimate purchase, they're
probably going to have the APRthere.
It is advertised a lot, but ifnot, if you ask, they should be
(07:53):
able to provide it.
So yeah, any vehicle purchase,home purchase, any large
financing decision, the APRshould be provided to you.
But if not, it is theoreticallysomething you could calculate
for any transaction.
Aaron Hoisington (08:01):
Yeah, that's a big piece too right there.
What you just mentioned isasking questions.
I think if you're going to bemaking a financial decision or
you're looking to borrow moneyor borrow something to buy, get
all the information out therefor sure, because no one's going
to look at you and think you'restupid for asking for the APR.
Cool, I see the interest ratehere.
Can I compare the APR One?
(08:23):
That's going to be like okay,maybe if it's not fully
advertised it might not be whatyou want to do, but I'm just
ensuring you have all thedetails up front so you know
exactly what you're going to bepaying.
Because same boat with the caryou go in and it's $30,000
advertised.
You're like, cool, I have$30,000 to pay for this.
And then you're like, oh no, Idon't have $40,000 to pay for
this, but at this point you'realready in.
Ryan Nelson (08:45):
Yeah, yeah, I mean yeah, exactly.
And if they come back and theyjust say the APR is the same as
the interest rate, then perfect,there's no other additional
fees in there, that's great.
So it's possible the APR andinterest rate could be the same,
but oftentimes they're not.
Oftentimes there's some sort offee there, and so, yeah, it's
good to get a feel for how thatcalculates in.
So sort of in summary, interestrates are the cost of borrowing
(09:07):
, apr is the cost of borrowingplus fees, so a little more all
inclusive.
And so the APR is a better it'sa better tool to use to compare
costs, right, compare rateswhen exploring things like
mortgages or loans or creditcards.
And so, yeah, I think a goodpractice would be just to always
ask whoever the lender is for abreakdown and just always ask
(09:31):
for more information and askthem to explain it to you.
Aaron Hoisington (09:34):
Yep, I think that that's solid advice,
hopefully, or at least somethingto kind of think about when
you're going into thesesituations, and hopefully you
guys now learned a little bit,like I did, as far as what APR
and interest rates aredifferences, similarities now
they're kind of connected there,so let us know, guys.
If you have any other questionson this.
I know that Ryan and I wouldlove to talk about this, please
(09:55):
direct them to Ryan, but for now, go ahead and hang tight.
We'll be right back on theother side of this.
Speaker 1 (10:00):
And now to put the personal in personal finance.
Aaron Hoisington (10:07):
Welcome back everybody to this side of the
physical, physical podcast.
We are into the personalsection, and, ryan, today I got
a food question for you.
Do you like food?
I love food.
Atta baby, do you like food?
Yeah, it's all right, I loveeating, love food in general.
As I'm getting older, I thinkI'm only appreciating it more,
(10:28):
too Sure.
So my question for you, though,is what's the most unique food
you've ever had?
Like?
Where did you have it?
At what was it?
Just describe that to me.
Ryan Nelson (10:38):
Yeah, I don't know.
I'm pretty much up to tryanything, so I've probably had
some stuff that I'm just noteven thinking off the top of my
head here.
But I do remember taking a tripto Mexico at one point with a
boss and he lived in Mexico andhis primary residence was in
Mexico and he this was before Iwas doing finances, this was
back when I was doingengineering and he took me to
like a taco place he liked, andit was just like kind of the the
(11:03):
cool thing or what he wastrying to show me was like how
many different types of tacosthey had, sure, and uh, so there
were like tongue, so lingua,yeah, tacos, and good spanish,
by the way.
Aaron Hoisington (11:13):
Thank you, yeah and, uh, brain.
Ryan Nelson (11:15):
I can't remember like what it was like if it was
goat brain or brain of some sortof taco, right.
So I tried both of those.
So tongue and brain are both, Iguess, fairly unique.
Yeah, oh yeah.
Aaron Hoisington (11:27):
Yeah, what about you?
Yeah, that's it, yeah, that'sit.
So two stories come to mind.
You're in, actually, one ofthem.
So when we went to you and Iwent to Columbia, in 2014.
Sure, so like 11 years ago,which is crazy, but we went to
this restaurant down there onetime and there was tongue on the
menu.
Sure, so like 11 years ago,which is crazy, but we went to
this restaurant down there onetime and there was, there was
tongue on the menu.
Sure.
Ryan Nelson (11:46):
Yeah.
Aaron Hoisington (11:46):
And it was a and I was like, yeah, I got, I'm
going to get that.
I think two or three of usordered it and it was just this
monster slab, a slab of tongue,and I was just like whoa, this
thing is huge.
First off I was like it had tobe like inflated or something
like that, but I guess it wasbeef tongue and I had that and I
remember just the presentationof that on the plate.
(12:07):
I was like whoa, this is themost unique thing I've ever
eaten.
Yeah, yeah, and it was okay.
It was a little chewy and likewhatever.
And then I went to this Asianrestaurant over in New York and
I had chicken feet over there.
Ryan Nelson (12:22):
Terrible.
It was just like there doesn'tseem like there'd be much meat
on the foot of a chicken, andit's literally it's served to
you as a foot, like they bringout, like they're holding, like
it's the craziest prison.
Aaron Hoisington (12:33):
It's literally like it looks like a deep fried
chicken foot and just exactlywhat you see, like somebody
walking around on a barnyard andI I was like that sounds cool,
let's try that.
I don't know if I knowdisrespect, if anyone likes that
or whatever, but I did not but,it was something cool.
I was like, hey, I've hadchicken feed.
If anyone ever asked, hey,there you go, I definitely, uh,
definitely have.
But I'm saying with you I'lltry anything once.
(12:53):
Like you know, if somebody'slike, hey, I got this like place
I want to eat and I've neverhad it before, I was like, yeah,
cool, let's.
Let's try it, let's get a shotLike uh, um, maybe I shouldn't
do that in some cases.
It might save my stomach alittle bit but, hard to say, but
cool man, Awesome.
Appreciate you sharing, asalways, Ryan.
Appreciate everybody checkingus out here.
Please let us know.
If you have any questions forthe podcast, we'd love to get
(13:15):
them on there.
And uh, Ryan, I'll let you playus out, as always stay the
course.
Speaker 1 (13:43):
Thank you as always.
Stay the course today'sdiscussion, subscribe to the
podcast to ensure you never missan episode, and consider
leaving us a rating and reviewon your favorite platform.
This helps other listeners likeyou find the show.
For more resources, you canvisit Alchemy Wealth
Management's website atwwwalchemywealthcom or find your
fiscal physical.
The book on Amazon.
We'd be remiss if we didn'tmention that personal finance is
just that personal.
(14:04):
Please don't take anything wesay as the book on Amazon.
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