How to Navigate Tipflation (How much Should You Tip!)

Transcript:

On this episode of the personal finance podcast, how do you navigate tipflation? And how much should you tip? Let's get into it. Ooh,

what's up everybody. And welcome to the personal finance podcast. I'm your host, Andrew founder of master money. co and today on the personal finance podcast, we're going to be talking about how to navigate tipflation. If you guys have any questions. Make sure to hit us up on Instagram, Tik TOK, Twitter at master money co and follow us on Spotify, Apple podcasts, or your favorite podcast player.

And if you want to help out the show, consider leaving a five star rating and review on Apple podcasts, Spotify. Or your favorite podcast player. Now, today we are going to be talking through something that I think is on a lot of people's minds and most people are pretty frustrated with it. And that is tipflation and how much you should be tipping in various situations.

So the way we're actually going to be talking through this episode is first, we're going to talk through a why consumers are getting frustrated. Then we're going to go through why tipflation is actually happening. And there were three actual causes of how this happened and how they started. And there's one cause that I want you to be really, really aware of that.

A lot of people don't actually know is going on and it may change your mind on some of the tipflation stuff. And then part two, I'm going to go through how much you all tip. So we pulled a bunch of you to see what, how much you tip. In various situations. And so I'm going to go through that. And then lastly, I'm going to tell you how much I think, um, that most people should tip based on various situations.

So we're going to go through this and I'm going to show you how to navigate this entire crazy tipflation sequence. Cause I know a lot of people think it's getting out of control. We'll dive into those stats here in a second. So if that's something you're into. Let's get into it. All right. So the reason why we're doing this episode today is we're getting a lot of questions that are coming in from people saying, you know, tipping is getting out of control.

I don't really know what to do. And I think a lot of consumers out there are starting to really get frustrated with the way that the tipping is unfolding as we go through our day to day activity, specifically when it comes to just doing very simple tasks. We're Whereas, you know, you can go to a stadium.

For example, I go to a lot of Bucks games cause I'm living Tampa. I'm a big Tampa Bay Buccaneers fans. And so I go to a lot of Bucks games. And if you go up and you get a soda or you get a beer or you get some sort of drink, what they do is they take the soda and the can and they open the can, they hand it to you.

And then they turn a screen around that has three options. It has a tip option for 18%. 20 percent or other amount. And so those are the options. A lot of people get and consumers, a lot of times just want to buy that the item that they're purchasing, especially when it's with quick items like that. And they don't want all these different surcharges.

Most people want to know upfront, what is this item costs? I don't want additional. Surcharges on the back end. And if you've ever run a business, you know, this consumers want to know what the price is. They want to know what it is upfront. A lot of times, most consumers would rather probably have their taxes baked into the price of the item, then to get to the register.

And then the taxes are put on after the fact, because it is so much better as a consumer to just know the total cost, the total cost of ownership, as you would say for this item. So I think it's really, really important to understand most consumers just Don't like these surcharges. So a, that's number one, why most of us are getting frustrated.

Number two, it's also jarring because a lot of people just don't really know what to do. There's no etiquette fully behind this on exactly what you need to be doing in certain situations. Now, I think there is etiquette behind restaurants here in America, where a lot of us know how much we should be tipping in restaurants, although I'm going to show you some of the data, which I thought was pretty interesting from you guys and some other places.

We'll talk through that in a little bit, but I don't think there's a tipping etiquette for a lot of other situations. There's all these jokes going around where you see these videos on Instagram and a realtor is taking people around the house. And then after she, or he shows them the house, she turns around an iPad to tip for showing the house.

So there's things like where people will go to the mechanic and the mechanic has an iPad turning around for a tip. So all of this stuff is really, really important to understand that. I think a lot of people are making jokes out of it and it's, it's One of those things that it really truly is getting out of a hand for a lot of people.

And most people think it's getting out of hand. In fact, three out of four Americans have stated that tipping is getting out of hand. And I'll show you guys what you guys said as well as we go through this. Now, the third thing is, I think people are getting frustrated because technology is at play here.

They're flipping around an iPad screen. And a lot of times people just don't know what to do. And that screen usually has a situation where the tipping amounts. The predetermined tipping amounts are in a lot of scenarios too high. Sometimes it's not, but a lot of scenarios, it can be too high. And there's a reason for that, that we're going to be talking through today.

So these are just some of the reasons people are getting frustrated. Also, people probably feel as though maybe they are having to be guilted into tipping for services that may not merit the amount of tip that's on there. And so that is one big piece that I think a lot of people are stating. So. In fact, Bankrate did a study and they found that most people think that tipping is getting way out of hand, and they looked at tipping culture, and they think that it's getting out of control, and a lot of Americans are saying that this is something that they really just wish that cost was baked into.

So I think it's really, really important. We'll go through that study a little more as we progress through this podcast. Now, why is tip Flation happening because that's what a lot of people are calling this is tip flation. Why is this happening? Well, first of all, if you don't know what tip flation is, it is the increasing amounts of money that people are expected to pay in tips for goods and services rendered.

And this has gone up significantly over the course of the last couple of years. And reason number one. Is because of the pandemic now the pandemic is a real reason why this all started and during the pandemic a lot of folks relied on some additional tips in order for them to be able to make payroll a for their company and or so that those workers those essential workers could actually earn a living a lot of people were being generous to try to help people earn a living during the pandemic and I think this is all where it all really started where we could see that acceleration point.

Of the amount that we needed to be tipping, but number two, and this is the one that I really want everybody to kind of hone in on. And if you feel guilty in certain situations where you also feel terrible that you tip 20 percent on something very specific that you did not want to tip 20 percent on this is because of the technology.

So a lot of times they call this the nudge and they try to guilt you into tipping a certain amount. Because of this nudge. And so I want you to understand that there are big companies out there. And I use these companies for my businesses, companies like square, or some of these POS systems that are out there that have this thing where you turn the iPad screen around and you're supposed to tip a certain amount.

Well, when this comes up a lot of times square, not a lot of times, all of the time, companies like square actually get a percentage of your tip. And this is something that I did not realize until about a year ago, when I started to have some of these systems in some of our businesses, that square gets a percentage of the tip that you give that specific person.

And so they are very much incentivized to put higher amounts on the predetermined screen because they get a percentage of that tip every single time. It's a POS system. So any dollar that comes in and when they refund you money, they also get a percentage, but any dollar that comes into that business.

They are going to get a percentage of that tip. So they're going to put 18, 20, 25 percent as the predetermined screens. And I'm sure you can adjust those, but they are putting those at the predetermined screens. Hey, it's an incentive for the employee to want that amount on there. And B it's an incentive for square to want that amount on there.

And so this is something that is really important. And. The other power to this is there's a lot of power in social pressure, meaning that the person who is rendering you the services is standing right in front of you and looking at you as you make this decision. It's not something that you're doing in private when the waitress or waiter walks away and said, this is something they're looking right at you as you're looking at this screen.

So this social pressure. Leads a lot more people to tip more than they actually intended to originally. And so social pressure is a big factor when it comes to tipflation. And so a lot of people need to be cognizant of this and aware of this and square and all these other companies are very aware that this psychology behind this is really, really important.

Number three though, is based on inflation. The third reason why this has gone up is a lot of businesses have taken a big hit because of inflation. And so when they take a hit because of inflation, for example, a May have seen food costs go up, you know, 10 2030 percent over the course of the last couple of years, and they're trying to figure out how can they actually earn the same amount of money and be able to even survive.

And so a lot of times what they will do is they will rely on tips to help save. Supplement to the income of their workers. Now, this is for a lot of people. They're saying, well, that is not my problem. This is the business's problem. They should not be putting that on me. And so that is one side of the story.

The other side is, well, I want to help out my local businesses that are struggling and need some of this help. And so there are two sides to this story that a lot of people fall into. And so I think it's very, very interesting to see the psychology behind this as well. Now, if you are a person who works in some of these and you rely on tips, when you flip that screen around.

Flash a little smile and look the person right in the eye because you can use this psychology to your advantage in order to earn more money if you wanted to and some people don't care. They're not going to tip no matter what. But for some situations you can actually use that social pressure in that psychology in your favor.

So this is exactly why it's happening. This is why consumers are frustrated. In the next part, we're going to talk about how much you all tip. So I surveyed all of you. We're going to talk about how much you all tip and I'm going to talk about the national average about how much people should tip. And then the third part, we're going to dive into how much I think you should tip in a bunch of different situations.

All right, so I surveyed all of you on Instagram, email list, a bunch of other places here, um, and talking through, you know, how much do you tip for tipflation or how much do you tip in certain situations? And so we're going to go through each of these because I think it's super, super interesting to see how much people tip.

So the first one is how much should you tip for a to go order? So I asked you all that. And 55 percent of people said 0 for a to go order. Meaning you go up and you call up a Thai place and you say, Hey, I want to order some pad Thai to go. You walk in there, you pick up the pad Thai. So you use your gas, you drive over there, you pick up the pad Thai.

0 is what 55%. So over half of you said 0. A few bucks is what 30 percent said. 10 percent is what 11 percent said and 15 plus percent, only 5%. Uh, today they would get 15 plus percent. And so that is the first option. Uh, the second one, what about a point of sale reader, i. e. a coffee shop, anything like that?

Well, 59 percent of you said you tip 0 at a coffee shop. 23 percent of you said you tip 10 percent or, or less. So. And then 4 percent said 15%. And then 13 percent said just a few bucks is what you give at a coffee shop. So very interesting is 0 on the coffee shop and 0 on the to go order is the majority there.

Now, what about delivery services like DoorDash, Uber Eats, or if you get delivered groceries? Well, this is an interesting one because it is very, very close. So 30 percent said a few bucks, which in a lot of those situations, I think that's too low. Um, 32 percent said 10%. 18 percent said 20 percent and 5th 20 percent also said 15 percent so about 40 percent of you said somewhere between 15 and 20 percent and then about 62 percent of you said a few bucks to 10 percent which is probably around the same number uh as it lands now full service restaurant this is one that um i think is the majority of people are in agreement on And so the full service restaurant, 4 percent of you said 10%, which if you're a 10 percent person, we got beef.

Okay, I've worked in restaurants before. That's too low in my opinion. And then we have 20 percent of you said about 15%. Then we had it. 67 percent of you say 20%, which I think this is kind of where a lot of the commonality for most people lands is 20 percent range. A lot of people think that's a customary thing that's already in the American culture.

And so 20 percent for a full service, sit down restaurant, and then more than 20 percent is 9 percent of you. And then we look at valet. So valet is one that we don't do that frequently, but you know, how much do you tip for valet? Where I went to a restaurant the other day, I walked out of the restaurant door and it was this fancy schmancy restaurant, uh, with my wife and I, we walked out the restaurant door and the valet parked my car and I'm looking at my truck and it's literally 10 steps away from where I'm standing.

Um, but still, I always want to be tipping those workers because they rely on tips specifically in order to earn their living. So 54 percent of you said a few bucks. 34 percent of you said 5. Uh, 9 percent of you said 10. And then 2 percent of you said more than 10. And a lot of times the valet depends on where you are, how fancy schmancy the place is, uh, those types of things as well.

And how far they have to go is another big one. Now, here is one that I think is interesting because this is hairstylist or barber. And for a lot of people, I want you to think through this a little bit because somebody. Is and we'll talk more about this on how much you should tip, so I'm actually going to save that for later in the episode, but here we go.

So a few bucks is 27 percent of you said a few bucks. 17 percent of you said 10 percent 20 percent of you said 15 percent and 20 percent or more is 36%. So I like to see that 36 percent there. I think that's interesting and we'll talk through more. Why now? Bankrate. com also did a study on how much people actually leave a tip.

So they asked, Hey, do you leave a tip for these various things? And the options are always most of the time, only sometimes, and never. And I think this is super interesting. So for hairdressers and hairstylists or barbers, 9 percent don't leave a tip, 18 percent only sometimes, 19 percent most of the time and then 53 percent always for hotels and housekeepers 23 percent always coffee shops 22 percent always 23 percent never servers or waitstaff 65 percent always 18 percent most of the time.

If you are most of the time or only sometimes or never, uh, you and I got some beef there. If you're in that category for servers and sit down restaurants, because that's what they rely on food delivery, people 50 percent always 25 percent most of the time. And then only sometimes it's 18%. And then when picking up takeout food, um, 13 percent is always, and then the rest fell into most of the time, 19%, 32 percent for only sometimes.

And then never is 35%, uh, taxi and rideshare drivers. Uh, 40% always. And then furniture, 17% always of furniture delivery. 17%, always and much less. 38% never. And then home services. So repair plumber, electrician, 10% always, and 48% never. And some others say sometimes. Now, I asked all of you. How do you determine how much you tip?

So I got a bunch of really good responses. A lot of people said, depending based on the service or a hundred percent on how good the service is, um, and how much time it takes, those types of things. Then we had some good, very specific responses. Spend the iPad is 0 to 1 per person, depending on how nice they are.

And then full service, 15 to 25%. Others of you said it depends on the product, i. e. the labor should be included. No tip. And if it was exceptional and the cost of the product, including the labor it took to make was great, then you do offer a tip. Delivery and bad weather was another good one. And that was one, you know, snow, rain, et cetera.

Oh, that's my sister. Shout out my sister, Lindsay. Uh, that is her response there. I didn't even notice that until I just said that there. Um, so that is another one I tip based on how friendly the service is and how. full. My water stays. That's another one that came through level of customer service. We got hundreds of responses here as we went through this.

Most people were talking about quality of service and how the person is actually compensated. And so those are very, very interesting responses. So this is kind of where you all came in. When it comes to how to actually navigate tipping and how we can actually think through tipflation as we do some of this stuff.

Now, I know this is some of the stuff that is kind of hard to navigate. It is hard to think through what you should be doing. And so I'm going to tell you how much you should tip in my opinion. Now, all of this is, is my opinion, and we're going to do that next. All right. So as we go through part three here, this is only my opinion.

And so I want you to take this with a grain of salt and I want you to get up. should be higher or lower than what you think it is. What we're talking through here is, uh, what my opinion is and how I actually tip and how I navigate some of this stuff when I go through this. Now, I want to say this upfront.

One of the main reasons that I focus on building wealth is I want to be as generous as possible when it comes to my money, and I want to be giving away my money. In a generous way, it just makes me happy. It brings me joy. It is something that I always focus on doing. I focus on every single month, giving away at least a minimum of 10 percent of my income.

Usually it's more. And so I want to give as much away as possible. And the reason why my financial philosophy changed from the Having lean fire, meaning just having your expenses paid for so that you can have freedom with your time and energy to fat fire is I want to give more and more money away and you'll hear us talk more about this as we go through these episodes, uh, in the future and the reasons behind that.

So when it comes to some of this stuff, I want to be as generous as I possibly can, and this is something that's really important to me is to be as generous as you possibly can when it comes to a lot of different services. Now, I don't think that every single scenario you have to tip my example earlier in the show where I said somebody just opened a beer and handed it to me.

I don't think that's a scenario where you always have to tip in that situation unless you want to. If somebody does that, then I think it's a very different story. Or if you utilize your gas and you go to do a pickup order, a couple of bucks is fine. For example, when I go to Starbucks or I go to a coffee shop, I get a black coffee.

And so a lot of times I'll just tip a couple of bucks when I do things like that, um, just out of, you know, generosity. But I don't think you have to tip in those situations. If you have a. A very complex drink, and they're taking a lot of time on your drink. That's a different story. But if you just are getting something where they pour it into the cup and hand it to you, that's a very, very different scenario.

And so there's a lot of different situations like that, where I pretty much tip in every single scenario for me personally, but that's just because of my own personal beliefs and being generous. I don't think you have to. So I want to say that up front as we go through this, and then I'll go through how I kind of think through this process.

Now, I want to give you three guidelines to think through so in very personalized services when your services are personalized to you tip every worker that helps you. So if you're in a hair salon or something like that, and there's a person, you know, who goes and dries your hair, and there's a person who cuts your hair, just tip every person in that scenario who has helped you through that process.

And if you've received individual or personalized services from people and that's how they earn their money is via tips, then just make sure you are tipping him for that skilled work. If it's inexpensive services, meaning if it's something that is less than 10 or less than 5, Then you can leave a small amount for those inexpensive services.

You don't have to ball out unless you feel compelled to. You can just leave a couple of dollars and one thing to do to combat the iPad issue because I have felt this a number of different times. In fact, this happened to me yesterday where I went to go pick up a to go order of food. I went to a place local to me here.

They turned the iPad around and the lowest amount that was available to click was 20%. And this was something where I picked up a meal for like my entire family, but I went and drove there and picked it up cause I was coming home. And when I did that, that was 20%, 25 percent and 30 percent were the three options on this iPad and.

There was two people behind the register looking directly at me and I literally felt guilty and I pushed the 20 percent button and immediately after that I'm like, well, this just seems like it's way too much for just picking up an order. And it was, I fell into the guilt and it was too much money. I actually kind of regretted it after because all they did was just make something that was very simple to make and then handed it to me.

But still. Sometimes when it comes to that generosity, a lot of times I think in the back of my head, well, what if they need it? Or what if something else comes up? So really, I'm not going to harp on something like that, but one way that you can combat this and something that I have thought about a lot is you can keep cash on hand with you.

Maybe you keep a couple of bucks with you. You put it into the tip jar. So instead. You can actually combat that guilt. If you're a person who starts to feel guilty when someone turns the iPad screen around. So I think that is something that you really can think through as you go through this. Now let's go through each of these categories on how much I tip.

And I'm going to talk through maybe some of my reasonings behind that. So tipping at restaurants, server or waiter. My bare minimum always for a server or waiter is 20%. Even if it's really bad service, I just think, man, they had a bad day. This is how they make their living. They make less than minimum wage in a lot of situations.

I am going to tip 20%. If you're 15%, Hey, that's culturally acceptable as well. My bare minimum is 20 percent and then I will give more all the time. Sometimes when we have really bad service, my wife goes, don't go out of control here because she knows I usually give more than 20%. Um, but a lot of times that is one that I know what they're going through a lot of times, and so I give more than.

and then what normally do so fast casual or fast food restaurants. I usually give a couple of bucks buffets. I don't really ever go to buffets, but I would just treat that the same way as a restaurant and then things like takeout. So if I go get takeout somewhere and I'm going to just pick it up like I did the other day, uh, usually it's a couple of bucks and, or if they are late or they take forever on some of this stuff and they just really are not the nicest people Folks in the world.

Sometimes I'll give zero, but for the most part, I usually give a few bucks at least for takeout and for pickup, that type of thing, restaurant delivery. So if you get stuff delivered to your house, I truly believe it needs to be 20%. They are getting in their car. They are driving to you in order to get there.

So I usually will give 20 percent because I think about the amount of time it takes them that they're spending on you. So say the restaurant's 20 minutes away. Well, they are driving 20 minutes to get to you. They're spending 20 minutes to get to your house. And that is my reasoning behind that. But 10 to 20 percent is obviously, um, something where you can get in that range as well.

Coffee shops. That's one where I get a black coffee. So I literally just get a black coffee. regular black coffee anywhere I go, um, or I'll get an espresso. And so a lot of times it's either, you know, if they don't have a tip option, then I won't tip them. But if they flip the screen around, it's usually a dollar or two, whatever else.

Uh, but I don't think you really have to give anything for those scenarios unless they have very specific drinks. If they have very specific drinks, that's a different story. Now let's think about grocery services. So grocery baggers. Those types of things a lot of times like the grocery store I go to we don't have grocery bagger shout out my homies at Aldi or grocery delivery services.

That's another one where they're going into the store sometimes and they're picking it up for you or the store is actually doing it and then they're driving it over to you and moving heavy bags to your front door or into your house. That's got to be a 15 to 20 percent tip in my opinion, uh, because the amount of work that they're doing, you always need to be tipping on those though.

That is not a situation where you cannot tip for grocery delivery services. You absolutely should be tipping. I've seen people not tip online for some reason. Um, I think that's crazy tipping at salons and spas. So this is another one where if you're getting a tattoo or you're getting a massage or hairstylist and barber, this is what I want you to think about for a second, because when it comes to a hairstylist or a barber, they're spending anywhere.

If you're going to a barber and you're getting a normal haircut, for example, they're spending 30 to 40 minutes on your head and they're spending that entire time with you focusing on just you. For 30 to 40 minutes. And so for that reason, I give 20 percent or more to hairstylists or barbers. I saw some people in some of the surveys said they give zero, nothing to hairstylists just a dollar or two, but just think about it.

They're spending 30 to 40 minutes on your specific head. Now I know the price of haircuts has gone up. It used to be when I was. Just a couple of years ago, it seemed like it used to be like 10 to 12 bucks. Now it's usually 20 bucks at my barber, but I just think they're spending so much time on there. I want to be generous.

And if you're going to the same barber every week, like I do shout out my girl Marcella at the barbershop. She is who I go to every single week and. If you're doing something like that, and you're developing a relationship with this person, this is something I definitely think that you should be doing.

And if you have kids, and your kids are screaming their head off while the barber is cutting their hair, if you have a toddler or something like that, I've heard of people not tipping in that situation. That is super stressful for the barber, and it is super stressful for You know, everybody involved in the entire story.

You need to be tipping even more than that on those scenarios. If your kids are going crazy and some people are going to disagree with me on that. Well, that's one of the things that like I said, take all this with a grain of salt. This is just my opinion. Um, so this is one big thing. I think hairstylist or barbers, they're spending so much time on your hair and your head that I think it's really, really important.

And if you're, um, someone who goes through the, Hairstylist and you're there for hours and hours, then you need to be tipping. I mean, it's just one of those things where they're spending so much time on you specifically manicures and pedicures. I have no experience with, but it looks like they spent a decent amount of time on you as well.

And so that is one where definitely maybe you want to tip around the same amount. So tipping while traveling. So. If you're traveling within the US, it has become much more customary to tip hotel housekeeping or concierge if they carry your bags. So housekeeping is something that it depends on the prestige of the hotel.

Your boy is a big Hampton Inn stayer, so I don't go to fancy hotels a lot unless I'm traveling abroad with my wife or something like that. Um, but if I'm just traveling for work, I'm going to like, you know, the Hampton Inn or something like that. So I'll just, you know, every day I'll tip, you know, five, seven bucks, something like that.

You can tip a few bucks. You don't honestly. I don't know if you have to tip, but at the same time, I am one who is always going to tip in those situations. And if you want to be generous, because a lot of those folks don't make a ton of money. So if you want to be generous, you can give even more. And so there are scenarios where I will give more or I'll feel compelled to give more.

And that's one piece while traveling is in hotels. Cab drivers, Uber drivers, Lyft drivers for traveling. 10 to 15 percent is standard for a lot of people. I try to go 15, 20 percent usually, depending on how the driver is usually, you know, if they're going above and beyond with a lot of things, then it's definitely 20%.

That's kind of where I land on some of that. And then internationally. So if you travel abroad, if you're a travel hacker, make sure you understand the tipping culture before you go there, because a lot of times, like for example, If you go to Italy or anywhere, a lot of places in Europe, you don't have to tip, um, when you go out to eat at a restaurant, uh, because they get paid normal wages in those locations.

So you got to know, understand the tipping culture for some locations. Um, I'm sure they appreciate a tip, but at the same time, you don't have to, it's not customary to. So, and then in some other cultures, it is. Almost seen as rude if you tip. So you got to make sure you understand, um, what the culture is and respect local tipping customs, because that's really, really important when traveling abroad, other common services, like a house cleaner, for example, or flower delivery or professional movers, those types of things, anywhere from 15 to 20%.

I think is right around a good spot in those ranges because you're getting things that are spending a lot of time on you specifically, but you want to Things like contractors or wedding efficient or babysitter. Well, it's not always expected. I think those also can be somewhere where you tip. Um, and so thinking through that is probably, you know, anywhere from the 10 to 20 percent range is great, uh, in a lot of those situations.

And then during the holidays, I like to give more depending on what it is, because a lot of people have more expenses during the holidays. And so a lot of times I will give more Andy Hill from friend of the show from marriage kids and money. He's been on the show twice. I think he gives, he does a thing where he gives 100 tip every Tuesday during the holidays or something like that.

Um, so I think that's a pretty cool idea as well during the holidays is just to increase the amount that you tip and then go from there. And so I think this is one of those things that a lot of people are trying to figure out how to navigate. And I think you want to be generous first. And if you've never been generous before, if you've been the type of person that just kind of hoards all your cash, you don't really tip much.

You're one of those folks who just wants to keep all their cash in house. I want you to try a little more generosity. I want you to try to give just a little bit more because it does in its studies have shown. It increases happiness. It can change the way you actually see your money, because if you're willing to not hold your money so tight every single day and be so stingy with your dollars, and you're willing to give more dollars, I believe that a lot of good things can happen to you.

And so in a lot of scenarios, this is something where I am very, very bullish on giving more and giving as much as you possibly can. It's a big reason why I spend so much time thinking about building wealth is I want to give more, give more away to people in need, give more to people who need help, give more to the causes that I believe in, give more to my church and all of these different things.

So I think it's really, really important to make sure that you are doing this and make sure that you are. Understand how powerful giving more can be. So that's the last thing I'm going to say on some of this stuff. Cause I think if you're going to navigate some of this stuff and you really don't know what to do, there's nothing wrong with giving more than you should, and then just moving on and saying, Hey, I just blessed somebody there.

So I think that's a really powerful thing that you can do. Um, and a lot more people, if we all did that, I think it'd be pretty, pretty cool what this world could become. So thank you guys so much for listening to this episode and thank you for investing in yourself, because I think that is one of the most powerful things that you can do is invest more in yourself.

And if you guys have any questions, you can make sure you respond on the master money newsletter. If you want to submit a question for a money Q and a, or if you have an episode idea, go on the master money newsletter, make sure you subscribe to it. It's always linked up down below in the show notes. And then you can respond to any of those emails that we send through and we'll be able to answer your questions.

So thank you guys so much for listening to this episode and we hope you have a great week and we will see you on the next episode.