July 8, 2025 • 26 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 and thank you for
joining us this week for theFiscal Physical Podcast
hopefully your weekly dive intofinancial literacy and my name
is Aaron Hoisington and I amjoined by Ryan Nelson, the
founder of Alchemy WealthManagement.
Let's start there, ryan.
How are you today?
I'm doing well today.
How are you doing?
I'm doing well, my man.
(00:54):
I do have to ask before youknow a few.
A while back at this point,probably months, months and
months, you had mentioned youwere doing a like a language, a
uh, uh, like a uh language app,I think it was called Pimsleur
or something like that, are you?
Ryan Nelson (01:07):
still doing it.
Good memory, good memory.
Yep, yep, still chugging awayat Pimsleur.
Um, yeah, yeah.
Aaron Hoisington (01:13):
I was just curious.
It just popped into my head asI was doing the intro.
I was like, oh, I'm excitedabout this one and you're going
(01:35):
to find out why.
Let's do it All right.
So this week's episode we aregoing to be diving into
vacations.
Ryan Nelson (01:41):
That sounds fun.
Aaron Hoisington (01:42):
Everybody loves vacations.
Everyone loves getting awayfrom the grind a little bit,
relaxing, however you mightspend your vacations, but some
might say that there's somefinancial repercussions of those
or they tend to cost moneyoverall.
Sure, do Big fact guy, I lovefacts.
(02:02):
Nearly 40% of Americans todayfound this on Google, so trust
it, as you will regret how muchthey spend on vacations.
So nearly 40% of Americansregret how much they spend on
vacations, and that number kindof a little bit surprised me,
but not really because I feellike vacations.
You should never really regretwhat you spent.
You should love the memoriesand what you get from these
(02:25):
specific things.
Sure, In my mind I'm like well,40% of Americans are taking
vacations.
Wrong, I would say.
Ryan Nelson (02:32):
Or maybe you're taking them wrong.
Maybe I'm taking them wrong.
Maybe you're not spendingenough money.
Yeah, maybe I'm not spendingenough money overall.
Aaron Hoisington (02:37):
So I believe that I have come back from a
vacation and been like whoa gotto run the finances on this one
here, Like I definitelyoverindulged at the Cabo, Wabo,
Cantina or something like that.
But I do think there are somesmart strategies to be able to
imply, to plan for a vacationand be able to ensure that
you're doing it in the right wayfinancially.
(03:00):
So I'm curious, Ryan, to getyour thoughts on this one One.
Do you enjoy vacations?
Ryan Nelson (03:04):
I suppose I should ask you that I love vacations.
Aaron Hoisington (03:07):
Oh yeah, Every day is a vacation when you're
Ryan Nelson.
Speaker 1 (03:09):
That's right.
Aaron Hoisington (03:11):
But yeah, so I'll go ahead and pause here.
Let you take it away as far aslike the financial breakdown
here.
Ryan Nelson (03:16):
Yeah.
So it kind of was surprising tome if 40% of people were
regretting how much they spend.
But but also, on the other, uh,like the other hand, I do think
that's interesting and a bittelling.
Um, I think a lot of us havethis sort of trade off, this
like back and forth withourselves, almost like the, the
devil and angel standing on oneshoulder Right and, um,
(03:37):
sometimes we do feel guiltyabout what we spend and I think
that you know we've talked inprevious podcasts about kind of
um, you know, if you have properprocesses in place where you're
saving enough on the front endand you're sort of again I like
the terminology saving foryourself first or investing in
yourself, what that helps you dois be able to spend the rest of
(03:59):
your money guilt-free.
Love that.
Speaker 1 (04:02):
Love guilt-free spending, that's phenomenal.
Ryan Nelson (04:04):
I do think there is some interesting takeaways
there where I bet a lot of thosepeople who feel guilty about
how much they spent or regrethow much they spent I bet a lot
of them the reason why theyregret it is they have feelings
of guilt that maybe they aren'tpaying off their credit card or
they're not saving enough forretirement right, and therefore
that's why they feel guilty.
(04:25):
And so if you have a goodfinancial foundation in place, I
think you can take thesevacations and not feel guilty
about them at all, right?
But so let's talk a little bitabout how we could do this and
do it in a way where we don'tfeel guilty or we don't regret
how much we spend.
Love it.
So I'd say let's start with thebudget.
So we need to know how much.
If you just go into this thingblind and you're like I don't
know if I'm going to spend a onegrand, two grand or 20 grand,
(04:47):
and, uh, you just say I'll justfigure it out as I go, and all
of a sudden you get home and youspend 20 grand and you say,
whoops.
Aaron Hoisington (04:53):
Yeah.
Ryan Nelson (04:54):
I could only afford two grand, and you're probably
going to regret it.
Speaker 1 (04:56):
Right.
Ryan Nelson (04:57):
So, so, yeah, let's like set some clear numbers
before, right, and then you canstart to figure out, like, as
you're booking yourtransportation, your lodging,
right, a lot of these expenses,a number of these expenses,
you're actually booking on thefront end, right, so you can
control how much you're going topay for your flights.
You can control how much you'regoing to pay for your hotel
when you there's certainexpenses like food when you get
(05:18):
there.
That's a little harder to planfor.
You can still, though, have aplan for how much you can like
spend and I'll touch on, likefood in particular, in a little
bit Um, but, either way, startto consider the cost, the cost
of the um, transportation, thelodging.
We talked about pets in aprevious episode.
Think about how much pet careis going to cost if you need to
board your pet, or right, um.
(05:38):
So start to set a clear numberof what you think this cost will
, this trip will cost, and thencreate a travel fund.
So it's really easy to justhave If you want to go to Hawaii
and you start figuring out whatthe cost for the transportation
, the lodging, the food, the petcare, all of that, and you say,
to take me and my family toHawaii is going to be five grand
(05:59):
.
You can create a travel fund.
Start putting, let's say, $500 amonth whatever you can afford
into this fund and in 10 monthsyou know you'll be able to
afford it.
If you can only put $100 amonth into this fund, then it's
going to take you 50 months,right?
And then you can still make aneducated decision and say, yeah,
I want to go on this trip infour years you know, 50 months
from now or you might say youknow this trip may not be worth
(06:21):
it.
Why don't we explore anothertrip that might only cost a
thousand bucks and we would beable to do it in a year and I
would value that more being ableto spend the time with my kids
at this age as opposed towaiting five years to do it
Right.
So I think there's pros andcons, but you can start actually
getting the information to makelike proper evaluations there,
and too often would be againmaybe just saying, well, I want
to do this trip now, let me justgo spend five grand not being
(06:43):
able to afford it Right.
Being one of the 40% who regretsit, it being on a credit card
and kind of spiraling out ofcontrol.
Right Now you're payinginterest on a credit card.
Aaron Hoisington (06:51):
Also might leave a bad taste in your mouth
as far as like a vacation,You're like I don't want to
travel.
I don't want to a lot of truthto that.
Ryan Nelson (07:07):
Yeah.
So I think, setting up somesort of travel fund and then
again labeling that fund If youhad literally a different
account, do you say this is justmy travel money, I don't think
about it for retirement, I don'tthink about it for anything
else, this is just my travelfund.
Then when you go travel and youspend down that account, you're
probably going to have lessregret and less guilt, right,
(07:28):
because you know thatpsychologically.
You know that was earmarked fortravel, you had it set aside
for travel.
You didn't have it set asidefor your kid's college, right?
So then if you go to Hawaii andyou don't have any money set
aside for Hawaii, you may end upfeeling like gosh, I don't know
, that was tough to pay for.
I feel like maybe I'm takingout of my kid's college, right?
Sure and then again you mightregret it.
But if you have set aside moneyspecifically earmarked and you
(07:48):
saved over time for vacation,then when you go on vacation
it's, I think, a lot less likelythat you're actually going to
regret spending that money orfeel guilty.
So actually setting aside fundsbut psychologically labeling it
as a retirement, I think canlike kind of psychologically
like reinforce, psychologically,reinforcing your intentionality
around doing that can result inlike better, like sort of
(08:10):
probably more positive mentaloutcomes.
Aaron Hoisington (08:12):
Oh yeah, I remember when I figured out that
I could for my.
I have a credit union.
You could pretty much just openaccounts with them, or?
whatever for certain things andI remember I was able to find
out how to name them and thatwas super cool to me because it
was like cool, this is vacationmoney, like that goes in there,
like it just used for that, orhey, this is retirement or
whatever it might be.
(08:32):
So yeah, just thatpsychological aspect.
It cannot be undervalued orovervalued.
It's very, it's impressive whenyou're like cool, that's that
money, that's saving for thatGuilt-free spending.
It kind of goes and comes intothat too.
So absolutely Interesting.
Ryan Nelson (08:50):
Cool.
And then you can start to set Ialready touched on this a
little bit, but set thoseexpectations, those realistic
expectations.
So then again you can start tofigure out oh, is this trip
going to cost me five grand?
Okay, how long is this going totake me?
Well, can you, you know, can Isay $500 a month and it'll take?
Is this a trip I still want totake?
Maybe a different trip isactually more realistic.
(09:11):
So that's kind of how I wouldtackle it from the planning side
.
And then I would think aboutactually booking this thing, and
a lot of people will be tied toa certain airline and you say,
oh, I have a credit card withthis airline.
Or oh, I just only travel withthem because I have status with
them and I like to get the.
Honestly, there's a reason whythese airlines have status right
(09:35):
, they know that it createsloyalty, because people like to
have quote unquote status right.
So if you're too loyal to asingle, say, airline, you might
be missing deals on otherairlines, right, so you can use
things like Google Flights, andit's like an aggregator where
you can see a bunch of differentairlines, and so you could just
say I want to fly from here togreen Bay, right, and then you
(09:57):
can look on Google flights hereto green Bay and you'll be able
to see a bunch of differentairlines.
What's the difference betweenUnited and American, right?
Um, and so you can start to getan idea there.
Um, and there's otheraggregators and, like, there's
um's some of these companies.
You can set like alerts where,like, hey, I want to go from
here to Ireland, let me set analert If this price, if, if the
price ever drops below $400, andthen you now you're notified
(10:19):
you're like, okay, maybe I wouldlove to go to Ireland, but I
don't think I can afford it.
But, honestly, if the you knowthe right now the prices are
$800, but I don't know, if theprice was there at 400, then I
could afford it, well, you couldset an alert and if the price
never gets down there, that tripnever happens.
Maybe the price does get downthere, maybe something happens,
right?
Um, so there'd be that'd besomething to think about as well
(10:39):
.
Um, trying to find one of thoseaggregators that you can set
alerts on and then you can alsosort of start to see and this
kind of follows up with alerts.
But like traveling on off peakhours or off peak days, um yeah,
like seasons, seasons, yeah.
So a lot of these, you knowlike a lot of travel is done
with kids and so a lot of likepeak hours are like on kids'
(11:00):
spring breaks, kids' summers.
Right, if you have any sort offlexibility around that and you
could travel during down seasons, hey, there's another way where
you could maybe see the samething or enjoy the same vacation
for more cost effectively.
Aaron Hoisington (11:14):
Yeah, I remember.
It's funny you mentioned that.
I remember when I was planningmy, my wife and I were planning
our honeymoon.
Yeah, yeah, yeah.
I was looking at the differentthings and I was like dang, why
is it so much cheaper to like?
Because we ended up going toBarbados.
I was like, why is it so muchcheaper to go like in October
than it is September?
And I was like looking it up.
It's like, oh, hurricane seasonlike these certain things that
like come up, so like the, andwe ended up like choosing a
(11:36):
pretty cheap time to go.
It's beautiful, it didn't haveany issues, but it was like one
of those things to look at like,oh, like, maybe if we go a
month later, maybe it might saveus, you know, two grand or
something like that too.
So, yeah, it's crazy.
Ryan Nelson (11:48):
Sometimes you can see multiple hundred dollars of
difference on flights justbetween spring break and not
spring break, and so it can belike you go one week earlier or
two weeks earlier and it couldbe multiple hundreds of dollars
of savings.
So, again, we don't always havethat level of flexibility, but
these would still be at leastthe thoughts or the things to be
considering.
Also, credit card rewards.
(12:09):
I'd say use those wisely, becareful.
I don't ever want to encouragepeople to use credit cards, but
if you're not carrying over abalance at any point so you're
using a credit card but nevercarrying over a balance you're
never paying any interest.
There would be some ways tocapture and take advantage of
some of these credit cardrewards that could have some
(12:31):
potential, um, travel perksassociated with them.
Um, I would say just watch out.
Like a word of warning would bewatch out for hidden fees.
So, um, you know like sometimesI'll use a flight aggregator,
right, and so I'll be looking atcheap flights and I'll say oh
this flight's cheap, perfect.
I go, look like, look to bookthat flight, and then you get a
(12:53):
little deeper and it's like, oh,do you have any luggage?
It's like you know, oh yeah,you even have to pay for a carry
on, or a check.
So then you go through thatwhole process and you're like,
oh, this got a lot moreexpensive than I thought it was
going to be Right.
So you know, that's just onesmall example.
But there's parking fees,there's different taxes and
(13:14):
again just fees on theseairlines and hotels and all that
stuff?
Aaron Hoisington (13:18):
Resort fees, resort fees.
There's one, yeah, exactly.
Ryan Nelson (13:21):
So it all adds up right.
So I'd say, just be cognizant.
Those are really hard.
There's a reason why I refer tothem as hidden.
They're not easy to find.
But try to do the due diligenceon the front end to find as
many of them as you can.
And then also, part of yourbudget might be just knowing,
hey, if I can afford $5,000,.
You might say, hey, we're prettyconfident there's going to be
(13:42):
some hidden fees in here.
We don't know which one, if it'sgoing to be a resort fee or an
extra cost for the luggage onthe airline, or we were not
really sure.
But we probably shouldn't goaround planning and booking a
flight that costs exactly or atrip that costs exactly 5,000.
Because after we add in thesehidden fees, we're going to be
over, right, right?
So maybe if you say, hey, Ihave a $5,000 budget, maybe you
(14:03):
try to get this done in 4,000.
So you know, hey, with thehidden fees, I'm still going
actually on this trip, right?
It's probably good to have abudget that you worked out
beforehand, where you kind ofhave like a tentative limit of
how much you're going to spendper day.
Again, it can be a little easyto get carried away, and so if
you don't have like a plan ofattack, then you go to a nice
(14:26):
restaurant, you get a nice meal,you say hey, I'm on vacation,
and then the next day you findyourself at a nice restaurant,
You're like.
Hey, I'm on vacation.
And then the next day you findyourself at a nice restaurant
again.
You're like hey, I'm onvacation.
So, if you have some sort ofsort of like rough limit, you
can start to get a feel for like, okay, what can I afford each
day?
Um, and then you could alsosort of mix it up.
And so maybe you say, if, asyou start to figure out how much
(14:48):
I can afford each day, is well,if you know you can afford $100
a day, that's actually not thatbig of a deal you could say,
okay, let's do this, I'll pay$150.
Today.
I'm on vacation.
But then you know the next day,hey, I can only spend $50.
Cool, you got a plan of attackand after the two days you spend
(15:09):
$200, you're within budget,right.
But as long as you kind of knowthat if attack I think is is
wise and uh, then you can kindof splurge where you want to and
and cut back where, where youwant to make everything work out
yep, um, and then just be uhagain conscious of maybe like
(15:31):
conveniences, um, so like I feellike one of the things I see
all the time is you go somewherelike tropical-ish and then the
sunscreen is outrageous.
Aaron Hoisington (15:42):
Oh, it's incredibly.
It's insanely overpriced.
Yeah, and I'm buying it.
Ryan Nelson (15:47):
Yeah, yeah, right.
Aaron Hoisington (15:48):
I can't bring a gallon with me.
Sure, yeah, you probably couldbuy some, yeah, absolutely.
Ryan Nelson (15:52):
And then these would be the other things where,
gosh, it's super convenient toget it from there, but are you
doing any trip into town?
Maybe to get groceries, maybeyou get sunscreen there,
depending on where you're at inthe world maybe you can do like
a what's it called, not UberEats, but like a.
Aaron Hoisington (16:08):
Yeah, like a DoorDash.
Ryan Nelson (16:08):
DoorDash type thing that could deliver it to you.
And hey, I'm not.
Doordash is expensive too, butif there's a couple of things
you need, you might be able toDoorDash something from a store
five miles away with morereasonable prices, and so it'd
be just be things to explore.
But I think there's a lot ofthese like kind of convenience
expenses.
Again, sunscreen always jumpsout at me.
Oh, definitely.
Aaron Hoisington (16:30):
I'm very pale myself, so I use that a lot, but
like even like airport food.
Ryan Nelson (16:34):
Right, everybody always jokes about how expensive
airline food is.
Well, it's because that's aconvenience, it's there when you
need it.
They have like a capturedaudience on the beach.
They know they have a littlecaptured audience there of
people who need sunscreen.
Supply and demand yeah, exactly.
Exactly, that's exactly what itis so just be aware of sort of
those tourist traps, right Again, it's usually like the prices
drop drastically if you just getoff that beaten path just a
little bit, right?
(16:55):
So if you're willing to give upjust a slight inconvenience, or
give up a slight conveniencefor an inconvenience, you might
be able to save a significantamount of money.
Even when you're looking atbooking excursions and stuff,
oftentimes there'll be anexcursion that you could book
through your resort or throughyour cruise line or something,
and it's like there'spotentially other excursions
(17:16):
that are a little off the beatenpath that are half the cost.
Aaron Hoisington (17:19):
Exactly, and they might be doing the exact
same thing.
If it's one big attractionyou're going to.
Ryan Nelson (17:23):
It's like, hey, you're probably getting the same
experience by going and seeingthat waterfall with whomever,
and then, yeah, you could alsothen track all of this sort of
as you're going.
So there's some cool apps outthere Mint I can't remember if
Mint's still around or if it'sour there.
I heard word that mint might beclosed that it was kind of
closing shop, so I don't know ifmint's still around or not, but
(17:43):
there's like ynab, a budgetingapp.
Um, you could even just use,like google um sheets, so a
shared drive with google sheetsand you and your, your spouse or
whoever you're going on thetrip with, could all you log
into those google sheets and seehow much you're spending, right
?
Um?
And then, lastly, what I wouldsay is kind of having a debrief
after you travel, so like sortof reflect back and say like,
(18:03):
okay, how much did we spend?
How much did we budget for?
Did we go over?
If so, why?
So you can start to plan foryour next trip, right?
So you know, if you're like,yeah, we spent way too much
money on food, or like, in ourbudget, our budget, we thought
we were going to spend way less,but we noticed when we were
there we wanted to go to nicedinners every night.
Okay, cool, next time you travel, budget for that.
You know now that you're theway you like to travel.
(18:26):
And then again, it doesn't haveto be a big deal.
If you budget for itappropriately, the next time,
the next time you go on the trip, you probably won't have those
feelings of regret because yousaved for it the right way in an
account.
It's your vacation funds,you've properly budgeted for it,
you've saved for it, you're notsacrificing your kid's college
or your retirement funds and nowyou can go take the trip the
right way, the way you want to,without those regrets.
So yeah, I think there'sdefinitely ways where you can
(18:49):
plan for a trip without regret,doing it the right way, where
you prioritize still yourretirement, your long-term goals
, your kid's future, and stillwork in things like vacations in
there, and do it in such a waywhere you don't have to regret
it.
Yeah, absolutely.
Aaron Hoisington (19:05):
I think that's super well broken down just
overall and I think that there'sseveral pieces that hopefully
everybody can take from this.
I don't think it's ever a bad.
I have a couple of buddies whodon't really like to plan
anything.
They're just like yeah, we'regoing to go.
You guys want to go to, you know, the Bay Area for the weekend.
I'm like for myself.
I'm like cool, yeah, what arewe going to be doing?
Like for myself, as I get older, I plan almost everything
(19:30):
exclusively around food.
I'm just like cool.
Like, yeah, like where are wegoing to be eating out?
Like, if you're going to take atrip to Mexico or something
like that, and you, like, cool,we're going to go on this
excursion, at least have a roughplan on certain things.
One, it just makes it moreorganized and just better, and
(19:53):
you can also save room.
Like, if things don't go right,you can adjust, you can do
whatever and like I think thesame way with budgeting.
If you have like a little bitof an emergency fund because
it's nice to you know at the,you know you're like cool, I'm
going to save an extra 500 bucksjust in case we go over, or
something like that.
You don't use that money.
Maybe you put it towards thenext vacation that you're going
to be planning or your Rothshout out like, whatever it
(20:16):
might be, I think that justbeing able to I've never found
that budgeting has beendetrimental, I suppose.
Sure, like, as long as it'sdone in a way that you don't
super restrict yourself but youlive within your means, and I
think we've covered that a fewother times.
On this, it's a common themethat we use just overall.
But I think these are all greattips and tricks because I was
(20:37):
trying to think I've neverreally had a bad vacation that I
think of and just talking aboutthis, I'm like, oh man, yeah,
I'd love to start saving foranother one.
Yeah, just in general.
So awesome, ryan.
Well, I appreciate you sharing.
Hopefully the listeners get alittle bit from that.
They can use that when they'replanning their next getaway and
anything else you want to say onthat topic before we move on to
(20:58):
the personal section.
No and anything else you wantto say on that topic before we
move on to the personal section?
No, that sounds great, Awesome.
Well, I appreciate it.
Speaker 1 (21:03):
Ryan, we'll be right back and everybody hang tight.
Aaron Hoisington (21:10):
And now to put the personal in personal
finance.
Welcome back to the personalside of the Fiscal Physical
Podcast.
I am sitting here still with MrRyan Nelson and, Ryan, I got a
question for you today.
Are you ready?
Ryan Nelson (21:20):
Let's hear it.
Aaron Hoisington (21:21):
All right.
So the question today is wouldyou rather be a master chef or a
master artist?
Correct me if I'm wrong.
You're not either currently.
Ryan Nelson (21:31):
I was just going to say why are you trying to make
it out to be that I'm not?
Aaron Hoisington (21:36):
I felt I should probably.
I felt pretty.
It's one of those ones whereyou feel pretty confident.
I felt I should probably.
I felt pretty.
It's one of those ones whereyou feel pretty confident.
Speaker 1 (21:43):
It's what we call in the bedding industry a lock.
Aaron Hoisington (21:44):
I'm pretty sure that you're not one of
those, but if you had to be oneof those, which one would you
choose?
Ryan Nelson (21:48):
Yeah, I think I would go with the master chef.
I think I like eating.
Aaron Hoisington (21:53):
Sure.
Ryan Nelson (21:57):
And so I'm assuming if I'm a master chef, I get to
eat my own creations, right?
I would hope so, but yeah, Ialways thought it would be super
cool, like you know, you see,all these cool creation, or like
you know, these super healthyfoods that look super awesome.
It's like I want all thesehealthy foods that are super
awesome and I'm assuming amaster chef could do that no
problem, so I could stick to mykind of my diet, hit my hit, my
hit my nutrition goals and justlove the food I'm eating and I
(22:20):
feel like also like that always,it's a great way to like bring
people together, you know, likesharing breaking bread, as they
say yes, of course, yeah, sobringing people, together, like
over a meal, is, uh, just like a, a fun experience.
So if you're a master chef, youcan obviously probably make some
, um kind of create some reallycool experiences with that as
(22:40):
well, oh yeah, oh, I think thatthat's.
Aaron Hoisington (22:42):
That's great, and you, you made a lot of good
points there, without a doubt,and it's funny I was thinking
about I'm turning it back tomyself here, but I was
considering this questionbecause I everything you said
makes a hundred percent sense.
But I'm an okay cook.
Like I can get by.
You give me a recipe, I canfollow a recipe.
I could make something whateverI always have a hard time of
(23:04):
like cool.
How much better would it be ifI spent all this time and
learning to be a master at itoverall, or is it just good to
be good at it?
But one thing I'm very bad at isart.
I am a terrible artist.
I have terrible handwriting.
I couldn't.
There's like three things Icould draw.
If you told me to drawsomething and let people would
(23:26):
know what they were.
One of them's a star and I'mjust very poor at that.
So I think that I would.
I think it's so cool.
Maybe I've mentioned thispreviously.
It's so cool.
But when somebody can just likeoh no, here, let me draw it for
you and just draw something outand I'm like holy cow, you're
playing Pictionary with somebodyShout out board games and
(23:47):
somebody just whips outsomething that you're just like.
That's exactly what that is.
Ryan Nelson (23:51):
Yeah, it's very impressive.
Aaron Hoisington (23:52):
I'm so impressed by that and I think if
I was a master artist whether Ilike calligraphy, it looks cool
too, Like being able to do allthese different things, Like I
think that would be a cool toolin my tool belt.
So I think I could be.
I think I could be okay atcooking without any master
experience, but I I'm not goodat art, Sure, so I'm not even
(24:13):
close.
So I I probably go artist myself, but I like it.
There we go, Awesome.
But I appreciate, appreciatethe candor here and I'd love to
challenge the listeners Wouldyou rather be a master chef or a
master artist?
Ryan Nelson (24:25):
What are those?
Like the wine and paint things.
Aaron Hoisington (24:29):
Oh, yeah, oh, I refuse to do those Really
Because I'm too scared, becauseI'm such a poor artist.
Ryan Nelson (24:35):
We could set up a shop where we do dinner and
painting, and so you're themaster artist.
You could walk them throughthis little painting thing and I
could whip up something.
Aaron Hoisington (24:46):
Absolutely.
They're like cool, you want tocome and learn how to paint a
star and eat some ravioli Kindof think some spaghetti.
But no, I'd challenge and thiswill be a good test here too to
see who's tuning in here whenthis episode airs.
I'd love to see if, uh, youguys send us a text, what you
guys would prefer, so, uh,that's your, your cue, to see if
(25:06):
anybody's actually listening tothis podcast.
So uh but anyway, ryan, Iappreciate it.
As always, my man learnedsomething new every time that we
uh, do an episode here.
Speaker 1 (25:27):
So um, shout out all the listeners.
Thank you guys for tuning in.
Really appreciate the supportand I'll turn it over to you for
the last words.
As always, stay the course.
Thank you for joining us forthe Fiscal Physical Podcast.
Until next time, happylistening and, as always, stay
the course.
If you have a question or topicsuggestions, please email us at
podcast at alchemywealthcom.
If you enjoyed today'sdiscussion, subscribe to the
podcast to ensure you never missan episode and consider leaving
us a rating and review on yourfavorite platform.
(25:49):
This helps other listeners likeyou find the show.
For more resources, you canvisit Alchemy Wealth
Management's website atwwwalchemywealthcom or find your
(26:12):
fiscal physical the book onAmazon.
We'd be remiss if we didn'tmention We'll see you next time.
Construed or relied upon fortax, legal or investment advice.
It doesn't consider yourpersonal financial situation or
objectives and may not besuitable for you.
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 and thank you for
joining us this week for theFiscal Physical Podcast
hopefully your weekly dive intofinancial literacy and my name
is Aaron Hoisington and I amjoined by Ryan Nelson, the
founder of Alchemy WealthManagement.
Let's start there, ryan.
How are you today?
I'm doing well today.
How are you doing?
I'm doing well, my man.
(00:54):
I do have to ask before youknow a few.
A while back at this point,probably months, months and
months, you had mentioned youwere doing a like a language, a
uh, uh, like a uh language app,I think it was called Pimsleur
or something like that, are you?
Ryan Nelson (01:07):
still doing it.
Good memory, good memory.
Yep, yep, still chugging awayat Pimsleur.
Um, yeah, yeah.
Aaron Hoisington (01:13):
I was just curious.
It just popped into my head asI was doing the intro.
I was like, oh, I'm excitedabout this one and you're going
(01:35):
to find out why.
Let's do it All right.
So this week's episode we aregoing to be diving into
vacations.
Ryan Nelson (01:41):
That sounds fun.
Aaron Hoisington (01:42):
Everybody loves vacations.
Everyone loves getting awayfrom the grind a little bit,
relaxing, however you mightspend your vacations, but some
might say that there's somefinancial repercussions of those
or they tend to cost moneyoverall.
Sure, do Big fact guy, I lovefacts.
(02:02):
Nearly 40% of Americans todayfound this on Google, so trust
it, as you will regret how muchthey spend on vacations.
So nearly 40% of Americansregret how much they spend on
vacations, and that number kindof a little bit surprised me,
but not really because I feellike vacations.
You should never really regretwhat you spent.
You should love the memoriesand what you get from these
(02:25):
specific things.
Sure, In my mind I'm like well,40% of Americans are taking
vacations.
Wrong, I would say.
Ryan Nelson (02:32):
Or maybe you're taking them wrong.
Maybe I'm taking them wrong.
Maybe you're not spendingenough money.
Yeah, maybe I'm not spendingenough money overall.
Aaron Hoisington (02:37):
So I believe that I have come back from a
vacation and been like whoa gotto run the finances on this one
here, Like I definitelyoverindulged at the Cabo, Wabo,
Cantina or something like that.
But I do think there are somesmart strategies to be able to
imply, to plan for a vacationand be able to ensure that
you're doing it in the right wayfinancially.
(03:00):
So I'm curious, Ryan, to getyour thoughts on this one One.
Do you enjoy vacations?
Ryan Nelson (03:04):
I suppose I should ask you that I love vacations.
Aaron Hoisington (03:07):
Oh yeah, Every day is a vacation when you're
Ryan Nelson.
Speaker 1 (03:09):
That's right.
Aaron Hoisington (03:11):
But yeah, so I'll go ahead and pause here.
Let you take it away as far aslike the financial breakdown
here.
Ryan Nelson (03:16):
Yeah.
So it kind of was surprising tome if 40% of people were
regretting how much they spend.
But but also, on the other, uh,like the other hand, I do think
that's interesting and a bittelling.
Um, I think a lot of us havethis sort of trade off, this
like back and forth withourselves, almost like the, the
devil and angel standing on oneshoulder Right and, um,
(03:37):
sometimes we do feel guiltyabout what we spend and I think
that you know we've talked inprevious podcasts about kind of
um, you know, if you have properprocesses in place where you're
saving enough on the front endand you're sort of again I like
the terminology saving foryourself first or investing in
yourself, what that helps you dois be able to spend the rest of
(03:59):
your money guilt-free.
Love that.
Speaker 1 (04:02):
Love guilt-free spending, that's phenomenal.
Ryan Nelson (04:04):
I do think there is some interesting takeaways
there where I bet a lot of thosepeople who feel guilty about
how much they spent or regrethow much they spent I bet a lot
of them the reason why theyregret it is they have feelings
of guilt that maybe they aren'tpaying off their credit card or
they're not saving enough forretirement right, and therefore
that's why they feel guilty.
(04:25):
And so if you have a goodfinancial foundation in place, I
think you can take thesevacations and not feel guilty
about them at all, right?
But so let's talk a little bitabout how we could do this and
do it in a way where we don'tfeel guilty or we don't regret
how much we spend.
Love it.
So I'd say let's start with thebudget.
So we need to know how much.
If you just go into this thingblind and you're like I don't
know if I'm going to spend a onegrand, two grand or 20 grand,
(04:47):
and, uh, you just say I'll justfigure it out as I go, and all
of a sudden you get home and youspend 20 grand and you say,
whoops.
Aaron Hoisington (04:53):
Yeah.
Ryan Nelson (04:54):
I could only afford two grand, and you're probably
going to regret it.
Speaker 1 (04:56):
Right.
Ryan Nelson (04:57):
So, so, yeah, let's like set some clear numbers
before, right, and then you canstart to figure out, like, as
you're booking yourtransportation, your lodging,
right, a lot of these expenses,a number of these expenses,
you're actually booking on thefront end, right, so you can
control how much you're going topay for your flights.
You can control how much you'regoing to pay for your hotel
when you there's certainexpenses like food when you get
(05:18):
there.
That's a little harder to planfor.
You can still, though, have aplan for how much you can like
spend and I'll touch on, likefood in particular, in a little
bit Um, but, either way, startto consider the cost, the cost
of the um, transportation, thelodging.
We talked about pets in aprevious episode.
Think about how much pet careis going to cost if you need to
board your pet, or right, um.
(05:38):
So start to set a clear numberof what you think this cost will
, this trip will cost, and thencreate a travel fund.
So it's really easy to justhave If you want to go to Hawaii
and you start figuring out whatthe cost for the transportation
, the lodging, the food, the petcare, all of that, and you say,
to take me and my family toHawaii is going to be five grand
(05:59):
.
You can create a travel fund.
Start putting, let's say, $500 amonth whatever you can afford
into this fund and in 10 monthsyou know you'll be able to
afford it.
If you can only put $100 amonth into this fund, then it's
going to take you 50 months,right?
And then you can still make aneducated decision and say, yeah,
I want to go on this trip infour years you know, 50 months
from now or you might say youknow this trip may not be worth
(06:21):
it.
Why don't we explore anothertrip that might only cost a
thousand bucks and we would beable to do it in a year and I
would value that more being ableto spend the time with my kids
at this age as opposed towaiting five years to do it
Right.
So I think there's pros andcons, but you can start actually
getting the information to makelike proper evaluations there,
and too often would be againmaybe just saying, well, I want
to do this trip now, let me justgo spend five grand not being
(06:43):
able to afford it Right.
Being one of the 40% who regretsit, it being on a credit card
and kind of spiraling out ofcontrol.
Right Now you're payinginterest on a credit card.
Aaron Hoisington (06:51):
Also might leave a bad taste in your mouth
as far as like a vacation,You're like I don't want to
travel.
I don't want to a lot of truthto that.
Ryan Nelson (07:07):
Yeah.
So I think, setting up somesort of travel fund and then
again labeling that fund If youhad literally a different
account, do you say this is justmy travel money, I don't think
about it for retirement, I don'tthink about it for anything
else, this is just my travelfund.
Then when you go travel and youspend down that account, you're
probably going to have lessregret and less guilt, right,
(07:28):
because you know thatpsychologically.
You know that was earmarked fortravel, you had it set aside
for travel.
You didn't have it set asidefor your kid's college, right?
So then if you go to Hawaii andyou don't have any money set
aside for Hawaii, you may end upfeeling like gosh, I don't know
, that was tough to pay for.
I feel like maybe I'm takingout of my kid's college, right?
Sure and then again you mightregret it.
But if you have set aside moneyspecifically earmarked and you
(07:48):
saved over time for vacation,then when you go on vacation
it's, I think, a lot less likelythat you're actually going to
regret spending that money orfeel guilty.
So actually setting aside fundsbut psychologically labeling it
as a retirement, I think canlike kind of psychologically
like reinforce, psychologically,reinforcing your intentionality
around doing that can result inlike better, like sort of
(08:10):
probably more positive mentaloutcomes.
Aaron Hoisington (08:12):
Oh yeah, I remember when I figured out that
I could for my.
I have a credit union.
You could pretty much just openaccounts with them, or?
whatever for certain things andI remember I was able to find
out how to name them and thatwas super cool to me because it
was like cool, this is vacationmoney, like that goes in there,
like it just used for that, orhey, this is retirement or
whatever it might be.
(08:32):
So yeah, just thatpsychological aspect.
It cannot be undervalued orovervalued.
It's very, it's impressive whenyou're like cool, that's that
money, that's saving for thatGuilt-free spending.
It kind of goes and comes intothat too.
So absolutely Interesting.
Ryan Nelson (08:50):
Cool.
And then you can start to set Ialready touched on this a
little bit, but set thoseexpectations, those realistic
expectations.
So then again you can start tofigure out oh, is this trip
going to cost me five grand?
Okay, how long is this going totake me?
Well, can you, you know, can Isay $500 a month and it'll take?
Is this a trip I still want totake?
Maybe a different trip isactually more realistic.
(09:11):
So that's kind of how I wouldtackle it from the planning side
.
And then I would think aboutactually booking this thing, and
a lot of people will be tied toa certain airline and you say,
oh, I have a credit card withthis airline.
Or oh, I just only travel withthem because I have status with
them and I like to get the.
Honestly, there's a reason whythese airlines have status right
(09:35):
, they know that it createsloyalty, because people like to
have quote unquote status right.
So if you're too loyal to asingle, say, airline, you might
be missing deals on otherairlines, right, so you can use
things like Google Flights, andit's like an aggregator where
you can see a bunch of differentairlines, and so you could just
say I want to fly from here togreen Bay, right, and then you
(09:57):
can look on Google flights hereto green Bay and you'll be able
to see a bunch of differentairlines.
What's the difference betweenUnited and American, right?
Um, and so you can start to getan idea there.
Um, and there's otheraggregators and, like, there's
um's some of these companies.
You can set like alerts where,like, hey, I want to go from
here to Ireland, let me set analert If this price, if, if the
price ever drops below $400, andthen you now you're notified
(10:19):
you're like, okay, maybe I wouldlove to go to Ireland, but I
don't think I can afford it.
But, honestly, if the you knowthe right now the prices are
$800, but I don't know, if theprice was there at 400, then I
could afford it, well, you couldset an alert and if the price
never gets down there, that tripnever happens.
Maybe the price does get downthere, maybe something happens,
right?
Um, so there'd be that'd besomething to think about as well
(10:39):
.
Um, trying to find one of thoseaggregators that you can set
alerts on and then you can alsosort of start to see and this
kind of follows up with alerts.
But like traveling on off peakhours or off peak days, um yeah,
like seasons, seasons, yeah.
So a lot of these, you knowlike a lot of travel is done
with kids and so a lot of likepeak hours are like on kids'
(11:00):
spring breaks, kids' summers.
Right, if you have any sort offlexibility around that and you
could travel during down seasons, hey, there's another way where
you could maybe see the samething or enjoy the same vacation
for more cost effectively.
Aaron Hoisington (11:14):
Yeah, I remember.
It's funny you mentioned that.
I remember when I was planningmy, my wife and I were planning
our honeymoon.
Yeah, yeah, yeah.
I was looking at the differentthings and I was like dang, why
is it so much cheaper to like?
Because we ended up going toBarbados.
I was like, why is it so muchcheaper to go like in October
than it is September?
And I was like looking it up.
It's like, oh, hurricane seasonlike these certain things that
like come up, so like the, andwe ended up like choosing a
(11:36):
pretty cheap time to go.
It's beautiful, it didn't haveany issues, but it was like one
of those things to look at like,oh, like, maybe if we go a
month later, maybe it might saveus, you know, two grand or
something like that too.
So, yeah, it's crazy.
Ryan Nelson (11:48):
Sometimes you can see multiple hundred dollars of
difference on flights justbetween spring break and not
spring break, and so it can belike you go one week earlier or
two weeks earlier and it couldbe multiple hundreds of dollars
of savings.
So, again, we don't always havethat level of flexibility, but
these would still be at leastthe thoughts or the things to be
considering.
Also, credit card rewards.
(12:09):
I'd say use those wisely, becareful.
I don't ever want to encouragepeople to use credit cards, but
if you're not carrying over abalance at any point so you're
using a credit card but nevercarrying over a balance you're
never paying any interest.
There would be some ways tocapture and take advantage of
some of these credit cardrewards that could have some
(12:31):
potential, um, travel perksassociated with them.
Um, I would say just watch out.
Like a word of warning would bewatch out for hidden fees.
So, um, you know like sometimesI'll use a flight aggregator,
right, and so I'll be looking atcheap flights and I'll say oh
this flight's cheap, perfect.
I go, look like, look to bookthat flight, and then you get a
(12:53):
little deeper and it's like, oh,do you have any luggage?
It's like you know, oh yeah,you even have to pay for a carry
on, or a check.
So then you go through thatwhole process and you're like,
oh, this got a lot moreexpensive than I thought it was
going to be Right.
So you know, that's just onesmall example.
But there's parking fees,there's different taxes and
(13:14):
again just fees on theseairlines and hotels and all that
stuff?
Aaron Hoisington (13:18):
Resort fees, resort fees.
There's one, yeah, exactly.
Ryan Nelson (13:21):
So it all adds up right.
So I'd say, just be cognizant.
Those are really hard.
There's a reason why I refer tothem as hidden.
They're not easy to find.
But try to do the due diligenceon the front end to find as
many of them as you can.
And then also, part of yourbudget might be just knowing,
hey, if I can afford $5,000,.
You might say, hey, we're prettyconfident there's going to be
(13:42):
some hidden fees in here.
We don't know which one, if it'sgoing to be a resort fee or an
extra cost for the luggage onthe airline, or we were not
really sure.
But we probably shouldn't goaround planning and booking a
flight that costs exactly or atrip that costs exactly 5,000.
Because after we add in thesehidden fees, we're going to be
over, right, right?
So maybe if you say, hey, Ihave a $5,000 budget, maybe you
(14:03):
try to get this done in 4,000.
So you know, hey, with thehidden fees, I'm still going
actually on this trip, right?
It's probably good to have abudget that you worked out
beforehand, where you kind ofhave like a tentative limit of
how much you're going to spendper day.
Again, it can be a little easyto get carried away, and so if
you don't have like a plan ofattack, then you go to a nice
(14:26):
restaurant, you get a nice meal,you say hey, I'm on vacation,
and then the next day you findyourself at a nice restaurant,
You're like.
Hey, I'm on vacation.
And then the next day you findyourself at a nice restaurant
again.
You're like hey, I'm onvacation.
So, if you have some sort ofsort of like rough limit, you
can start to get a feel for like, okay, what can I afford each
day?
Um, and then you could alsosort of mix it up.
And so maybe you say, if, asyou start to figure out how much
(14:48):
I can afford each day, is well,if you know you can afford $100
a day, that's actually not thatbig of a deal you could say,
okay, let's do this, I'll pay$150.
Today.
I'm on vacation.
But then you know the next day,hey, I can only spend $50.
Cool, you got a plan of attackand after the two days you spend
(15:09):
$200, you're within budget,right.
But as long as you kind of knowthat if attack I think is is
wise and uh, then you can kindof splurge where you want to and
and cut back where, where youwant to make everything work out
yep, um, and then just be uhagain conscious of maybe like
(15:31):
conveniences, um, so like I feellike one of the things I see
all the time is you go somewherelike tropical-ish and then the
sunscreen is outrageous.
Aaron Hoisington (15:42):
Oh, it's incredibly.
It's insanely overpriced.
Yeah, and I'm buying it.
Ryan Nelson (15:47):
Yeah, yeah, right.
Aaron Hoisington (15:48):
I can't bring a gallon with me.
Sure, yeah, you probably couldbuy some, yeah, absolutely.
Ryan Nelson (15:52):
And then these would be the other things where,
gosh, it's super convenient toget it from there, but are you
doing any trip into town?
Maybe to get groceries, maybeyou get sunscreen there,
depending on where you're at inthe world maybe you can do like
a what's it called, not UberEats, but like a.
Aaron Hoisington (16:08):
Yeah, like a DoorDash.
Ryan Nelson (16:08):
DoorDash type thing that could deliver it to you.
And hey, I'm not.
Doordash is expensive too, butif there's a couple of things
you need, you might be able toDoorDash something from a store
five miles away with morereasonable prices, and so it'd
be just be things to explore.
But I think there's a lot ofthese like kind of convenience
expenses.
Again, sunscreen always jumpsout at me.
Oh, definitely.
Aaron Hoisington (16:30):
I'm very pale myself, so I use that a lot, but
like even like airport food.
Ryan Nelson (16:34):
Right, everybody always jokes about how expensive
airline food is.
Well, it's because that's aconvenience, it's there when you
need it.
They have like a capturedaudience on the beach.
They know they have a littlecaptured audience there of
people who need sunscreen.
Supply and demand yeah, exactly.
Exactly, that's exactly what itis so just be aware of sort of
those tourist traps, right Again, it's usually like the prices
drop drastically if you just getoff that beaten path just a
little bit, right?
(16:55):
So if you're willing to give upjust a slight inconvenience, or
give up a slight conveniencefor an inconvenience, you might
be able to save a significantamount of money.
Even when you're looking atbooking excursions and stuff,
oftentimes there'll be anexcursion that you could book
through your resort or throughyour cruise line or something,
and it's like there'spotentially other excursions
(17:16):
that are a little off the beatenpath that are half the cost.
Aaron Hoisington (17:19):
Exactly, and they might be doing the exact
same thing.
If it's one big attractionyou're going to.
Ryan Nelson (17:23):
It's like, hey, you're probably getting the same
experience by going and seeingthat waterfall with whomever,
and then, yeah, you could alsothen track all of this sort of
as you're going.
So there's some cool apps outthere Mint I can't remember if
Mint's still around or if it'sour there.
I heard word that mint might beclosed that it was kind of
closing shop, so I don't know ifmint's still around or not, but
(17:43):
there's like ynab, a budgetingapp.
Um, you could even just use,like google um sheets, so a
shared drive with google sheetsand you and your, your spouse or
whoever you're going on thetrip with, could all you log
into those google sheets and seehow much you're spending, right
?
Um?
And then, lastly, what I wouldsay is kind of having a debrief
after you travel, so like sortof reflect back and say like,
(18:03):
okay, how much did we spend?
How much did we budget for?
Did we go over?
If so, why?
So you can start to plan foryour next trip, right?
So you know, if you're like,yeah, we spent way too much
money on food, or like, in ourbudget, our budget, we thought
we were going to spend way less,but we noticed when we were
there we wanted to go to nicedinners every night.
Okay, cool, next time you travel, budget for that.
You know now that you're theway you like to travel.
(18:26):
And then again, it doesn't haveto be a big deal.
If you budget for itappropriately, the next time,
the next time you go on the trip, you probably won't have those
feelings of regret because yousaved for it the right way in an
account.
It's your vacation funds,you've properly budgeted for it,
you've saved for it, you're notsacrificing your kid's college
or your retirement funds and nowyou can go take the trip the
right way, the way you want to,without those regrets.
So yeah, I think there'sdefinitely ways where you can
(18:49):
plan for a trip without regret,doing it the right way, where
you prioritize still yourretirement, your long-term goals
, your kid's future, and stillwork in things like vacations in
there, and do it in such a waywhere you don't have to regret
it.
Yeah, absolutely.
Aaron Hoisington (19:05):
I think that's super well broken down just
overall and I think that there'sseveral pieces that hopefully
everybody can take from this.
I don't think it's ever a bad.
I have a couple of buddies whodon't really like to plan
anything.
They're just like yeah, we'regoing to go.
You guys want to go to, you know, the Bay Area for the weekend.
I'm like for myself.
I'm like cool, yeah, what arewe going to be doing?
Like for myself, as I get older, I plan almost everything
(19:30):
exclusively around food.
I'm just like cool.
Like, yeah, like where are wegoing to be eating out?
Like, if you're going to take atrip to Mexico or something
like that, and you, like, cool,we're going to go on this
excursion, at least have a roughplan on certain things.
One, it just makes it moreorganized and just better, and
(19:53):
you can also save room.
Like, if things don't go right,you can adjust, you can do
whatever and like I think thesame way with budgeting.
If you have like a little bitof an emergency fund because
it's nice to you know at the,you know you're like cool, I'm
going to save an extra 500 bucksjust in case we go over, or
something like that.
You don't use that money.
Maybe you put it towards thenext vacation that you're going
to be planning or your Rothshout out like, whatever it
(20:16):
might be, I think that justbeing able to I've never found
that budgeting has beendetrimental, I suppose.
Sure, like, as long as it'sdone in a way that you don't
super restrict yourself but youlive within your means, and I
think we've covered that a fewother times.
On this, it's a common themethat we use just overall.
But I think these are all greattips and tricks because I was
(20:37):
trying to think I've neverreally had a bad vacation that I
think of and just talking aboutthis, I'm like, oh man, yeah,
I'd love to start saving foranother one.
Yeah, just in general.
So awesome, ryan.
Well, I appreciate you sharing.
Hopefully the listeners get alittle bit from that.
They can use that when they'replanning their next getaway and
anything else you want to say onthat topic before we move on to
(20:58):
the personal section.
No and anything else you wantto say on that topic before we
move on to the personal section?
No, that sounds great, Awesome.
Well, I appreciate it.
Speaker 1 (21:03):
Ryan, we'll be right back and everybody hang tight.
Aaron Hoisington (21:10):
And now to put the personal in personal
finance.
Welcome back to the personalside of the Fiscal Physical
Podcast.
I am sitting here still with MrRyan Nelson and, Ryan, I got a
question for you today.
Are you ready?
Ryan Nelson (21:20):
Let's hear it.
Aaron Hoisington (21:21):
All right.
So the question today is wouldyou rather be a master chef or a
master artist?
Correct me if I'm wrong.
You're not either currently.
Ryan Nelson (21:31):
I was just going to say why are you trying to make
it out to be that I'm not?
Aaron Hoisington (21:36):
I felt I should probably.
I felt pretty.
It's one of those ones whereyou feel pretty confident.
I felt I should probably.
I felt pretty.
It's one of those ones whereyou feel pretty confident.
Speaker 1 (21:43):
It's what we call in the bedding industry a lock.
Aaron Hoisington (21:44):
I'm pretty sure that you're not one of
those, but if you had to be oneof those, which one would you
choose?
Ryan Nelson (21:48):
Yeah, I think I would go with the master chef.
I think I like eating.
Aaron Hoisington (21:53):
Sure.
Ryan Nelson (21:57):
And so I'm assuming if I'm a master chef, I get to
eat my own creations, right?
I would hope so, but yeah, Ialways thought it would be super
cool, like you know, you see,all these cool creation, or like
you know, these super healthyfoods that look super awesome.
It's like I want all thesehealthy foods that are super
awesome and I'm assuming amaster chef could do that no
problem, so I could stick to mykind of my diet, hit my hit, my
hit my nutrition goals and justlove the food I'm eating and I
(22:20):
feel like also like that always,it's a great way to like bring
people together, you know, likesharing breaking bread, as they
say yes, of course, yeah, sobringing people, together, like
over a meal, is, uh, just like a, a fun experience.
So if you're a master chef, youcan obviously probably make some
, um kind of create some reallycool experiences with that as
(22:40):
well, oh yeah, oh, I think thatthat's.
Aaron Hoisington (22:42):
That's great, and you, you made a lot of good
points there, without a doubt,and it's funny I was thinking
about I'm turning it back tomyself here, but I was
considering this questionbecause I everything you said
makes a hundred percent sense.
But I'm an okay cook.
Like I can get by.
You give me a recipe, I canfollow a recipe.
I could make something whateverI always have a hard time of
(23:04):
like cool.
How much better would it be ifI spent all this time and
learning to be a master at itoverall, or is it just good to
be good at it?
But one thing I'm very bad at isart.
I am a terrible artist.
I have terrible handwriting.
I couldn't.
There's like three things Icould draw.
If you told me to drawsomething and let people would
(23:26):
know what they were.
One of them's a star and I'mjust very poor at that.
So I think that I would.
I think it's so cool.
Maybe I've mentioned thispreviously.
It's so cool.
But when somebody can just likeoh no, here, let me draw it for
you and just draw something outand I'm like holy cow, you're
playing Pictionary with somebodyShout out board games and
(23:47):
somebody just whips outsomething that you're just like.
That's exactly what that is.
Ryan Nelson (23:51):
Yeah, it's very impressive.
Aaron Hoisington (23:52):
I'm so impressed by that and I think if
I was a master artist whether Ilike calligraphy, it looks cool
too, Like being able to do allthese different things, Like I
think that would be a cool toolin my tool belt.
So I think I could be.
I think I could be okay atcooking without any master
experience, but I I'm not goodat art, Sure, so I'm not even
(24:13):
close.
So I I probably go artist myself, but I like it.
There we go, Awesome.
But I appreciate, appreciatethe candor here and I'd love to
challenge the listeners Wouldyou rather be a master chef or a
master artist?
Ryan Nelson (24:25):
What are those?
Like the wine and paint things.
Aaron Hoisington (24:29):
Oh, yeah, oh, I refuse to do those Really
Because I'm too scared, becauseI'm such a poor artist.
Ryan Nelson (24:35):
We could set up a shop where we do dinner and
painting, and so you're themaster artist.
You could walk them throughthis little painting thing and I
could whip up something.
Aaron Hoisington (24:46):
Absolutely.
They're like cool, you want tocome and learn how to paint a
star and eat some ravioli Kindof think some spaghetti.
But no, I'd challenge and thiswill be a good test here too to
see who's tuning in here whenthis episode airs.
I'd love to see if, uh, youguys send us a text, what you
guys would prefer, so, uh,that's your, your cue, to see if
(25:06):
anybody's actually listening tothis podcast.
So uh but anyway, ryan, Iappreciate it.
As always, my man learnedsomething new every time that we
uh, do an episode here.
Speaker 1 (25:27):
So um, shout out all the listeners.
Thank you guys for tuning in.
Really appreciate the supportand I'll turn it over to you for
the last words.
As always, stay the course.
Thank you for joining us forthe Fiscal Physical Podcast.
Until next time, happylistening and, as always, stay
the course.
If you have a question or topicsuggestions, please email us at
podcast at alchemywealthcom.
If you enjoyed today'sdiscussion, subscribe to the
podcast to ensure you never missan episode and consider leaving
us a rating and review on yourfavorite platform.
(25:49):
This helps other listeners likeyou find the show.
For more resources, you canvisit Alchemy Wealth
Management's website atwwwalchemywealthcom or find your
(26:12):
fiscal physical the book onAmazon.
We'd be remiss if we didn'tmention We'll see you next time.
Construed or relied upon fortax, legal or investment advice.
It doesn't consider yourpersonal financial situation or
objectives and may not besuitable for you.
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