Tate

Hey, guys. Just wanted to say I'm a really big fan. I appreciate that. I'll try to make this quick. So, back story. I recently graduated college six months ago and got a really good job and just became debt-free and just maxed out me and my wife on our Roth RAs. Way to go. Yeah. We're soon to do our HSA, and in January, we'll max out both our Roth RAs for 2025. Cool.

And doing our 401K and everything. You guys are crushing it. Yeah, yeah. Thank you. Oh, this baby steps work.

So we, we want to buy a house, but we're kind of just, we're kind of, um, just the market's not good. So it's not looking good and we don't know what to do. Like we, we plan on saving up about 50 grand this year. Okay. And, um, I don't know if that's even enough to put for a down payment for where we live.

About, for a small house of 1,000 square feet that was built like, you know, like in the 70s, it's about $400,000. And there's only probably about a handful out there.

It's actually in Bellingham, Washington, where my company's office is at, yeah.

Yes, we have. It would take us like two years.

Yeah. Okay, how old? I just turned 27 a week ago.

Sure.

Yeah, but you don't think we're missing out?

I mean, every year I could put like $30,000 in my equity.

Yeah, I suppose you're right. Yeah, that's a pretty good way to think about it.

After we put our 401k up. Just the gross household income? $150 net. Amazing.

$700?

Are they going to be able to color match our cabinets?

$10,000.

Okay.

And I love when we go for dinner.

What?

No, everything. No.

Hey, listen, there's every man for themselves out here.

Neither does Tate.

Yeah.

Pecan Square Cafe.

What would you like to talk about?

You're not going to talk about that.

Oh.

Oh my God, I remember.

Yes.

Oh my gosh.

What I'm just trying to figure out is are you okay with those four or do I need to get you a fifth? That's what I just have no idea.

So, so here's what I was thinking. I was thinking like, what are the main reasons why, why three month old cries, right? Or why, why she cries. So obviously like hunger is one. So I think you nailed like just being on the offense. Two is diaper. So I think if you're committing to this, you, you got to go no diaper for the day.

Cause when it comes to those four, like they're easy. They're easy. I obviously like, I know what I'm getting you.

Um,

And are you supposed to get your baby gifts on Christmas?

Yeah, I'd always said stocks and gifts. And I'm still a massive proponent on the stock thing. I double down on that big time.

Because I want to encourage financial literacy. I feel like, yeah, sorry.

I feel like I'll get killed for this again, but like, you know, growing up, I loved my upbringing. I loved the way my parents raised me. Um, but I do think there was an element or a component of financial literacy that just like was never really there. Like learning about taxes, you know, I didn't buy my first stock till I was in my mid twenties. Um,

And so, like, these are things that I just want her to understand because they're really important in regards to how the world works. So in high school, I want her to know about taxes.

I want her to understand taxes. I want her to understand, you know... Sorry, I'm just looking at her. She's so cute. Yeah, I want her to understand how the stock market works and what the value of, how to value a company and all the other jazz.

I just think it starts early. Obviously, like they can't understand it for a long time, but.

This year?

I don't know. I haven't figured out what the strategy is in terms of, like, do we, hmm, hmm, hmm, hmm. Well, it's a challenge because I largely just, if we're going to get into the nitty gritty, I largely just buy ETFs. And that over time, just riding index works out pretty well.

But when it comes to her education, I think it's important for her to understand buying the index and owning an S&P 500 ETF versus owning a single stock. So I think that we'll go 50-50. Okay. every year so we'll buy her like some s p 500 this year maybe maybe put a little leverage on it or and also a single stock that has to do with her okay what's the stock

I was just going to say, I'm going to find a cool dairy stock for her to buy.

No, because that way you see it happen, you clean it up right away, and you're moving forward.

The problem is dairy consumption in the U.S. has been on a pretty tough cycle. But I'm like weirdly semi-bullish dairy.

Yeah.

I'll send her the email. Maybe we can read the email on the podcast.

Yeah. I still haven't emailed her.

Yeah, I don't know what to say. I felt like I should have got the email out there the first day and I didn't get the email out the first day. No time like the present. So now it's like, when's she going to get the first one from... T-Boon Pickens.

You're going to get dirty. But you're getting dirty to avoid the cry.

She would not cry. A baby wouldn't cry if they went to the bathroom on you.

Love it.

Then burping I was really confused about because I noticed that when I'm feeding her and I stop the feed because she's so hungry and she starts burping, and you start burping her, she cries. Mm-hmm. Versus if I don't burp her, I feel like she doesn't cry, but she'll just throw up. So I think burping leads to more crying. So I don't know. I think I could do under five.

I think it's really tricky because – I think that no matter what you do, the minute that a kid is incorporated into any component of the online world, people are going to judge you. I think there's no winning everything here. And so it's all about what we as parents are comfortable with. And I think that, yeah, as you said, we...

we want to make sure that we're lifting her up and, um, and not, and not, not putting her down. Um, and I guess instead putting down a different mom influencer, as ironic as that is, but yeah, like that style of content to me is, um,

that to me like definitely rubs me the wrong way but i'm sure that you know a lot of the stuff we put out people are like i can't believe you're you're you know talking about xyz and your kid like how are you talking about your childbirth on the internet

I'm still a massive proponent on the stock thing. I like double down on that.

Yeah, and the one-liner that I think we both got really comfortable with is anything we go out and say or record, we want to be comfortable sitting down with her and her listening to it and watching it. Because inevitably that will likely happen at some point. And so, did I say that right? I feel like we have kind of a better one-liner.

Like, yeah, the intention is that that we everything we say, we say through the lens that she'll eventually watch it or she'll eventually listen to it, regardless of if she does. And and I think the bigger point.

And so that's I think specifically this combo, what I find really weird about is like, I just see how those kids like I worry about them getting made fun of because of all of the negative content their parents are making about them online.

Honestly, I think I could do three. I would try to do zero. I think I could firmly do under three.

Yeah. I think like what all this comes down to is, you know, we've obviously talked through it, but I think one of the coolest things about the way you make content is just how quickly and naturally and organically you like get it out there and so it's just kind of kind of feels like what's on your mind is what goes up and um i also think what boils what's to say something nice oh do it

Yeah, because I was thinking of the right words. I think I'm moving a little slow today. Not because I'm hungover. Yeah, you got like 19 hours of sleep. No, no, I'm literally not hungover. I think the type of content that you're making really does resonate with a lot of different moms out there. And so I'm proud of it. I think it's cool.

Yeah. If you were to describe the situation today before she came, I would have been very uncomfortable with it.

Yeah. Yeah. I'm following, I'm following your lead on this. I'm definitely still newer to me, but having fun with it. And, and I like the, the, I like the, It feels like what you're doing is really resonating with a lot of mothers.

Oh, but that was the other thing. So I was thinking about all the things. So she gets cold. Make the house really hot.

For sure.

I think I sent you an article about Bitcoin surpassing one hundred thousand dollars.

I'm definitely not saying that.

In the past, I have, yep.

Have you bought any Bitcoin?

Really?

Wait. Do you have a Robinhood account?

Okay, we got to get to this. We'll deal with this this week.

We like rented a car and went out Alligator touring. Oh my gosh. I forgot about that. Are you supposed to get your baby gifts on Christmas?

I think it's... I mean, I'm sure this will get clipped if it doesn't go my way. I think it's more likely to get to a million than it is 50,000. Okay.

Yeah. Things can go up. Things can go down. It will go up. It will go down.

I don't think I'll ever sell my Bitcoin.

No, I think I'll just hold it as an asset.

She has one.

Yeah.

We'll have to decide when it's given to her. But I guess if it's hers, she can sell it. I sure as hell hope she doesn't.

Technically, if it's hers.

Yeah.

But can we... I think that's exactly my point. Can we predict what she wants before she tells us? That's the challenge you're kind of going through.

Well, that's the importance of financial literacy and making those decisions.

Or just not let her wear a diaper. She just doesn't wear a diaper.

I think that any time you see the smartest people in the room getting excited about something, it makes sense to gain some exposure to that excitement, if you can.

Um, yeah, like plain and simple, especially like I was living in San Francisco, uh, during, you know, the heyday of, of the boom and, and people there loved it and people that I really respected, um, had a lot of exposure to it. And, and so, you know, I kind of think about it as, uh, or I thought about it as a long time for schmuck insurance, which it kind of was.

Yeah, I have a lot of things that haven't worked out well, especially in crypto.

Do you want to hear actually a funny story?

So I was on a bachelor party a few years back, and one of the guys on the bachelor party, he loved this random altcoin. It's like a really small coin. And the only place you could buy it was Bittrex. which is like some kind of smaller niche exchange. The main exchange that most people buy on is Coinbase.

And so I went after the bachelor party and I bought a chunk of this coin and totally forgot about it. The other week I was on Coinbase just looking at what some of the altcoins they had on there was and I saw it listed. I was like, holy crap, I bought this many years ago. Let me see what it's worth. So I go back to my Bittrex account and Bittrex has closed.

So like I get there and on the screen, there's like a crying baby being like, Bittrex no more, you know, sorry. Thank you so much for your support, but we're no longer operating in the US. And like my shit is gone.

I would assume. The problem is like I don't, I just don't know. I don't know my entry price. And then I looked at my email. We can put some like little things up. And I had all these emails come through being like, last reminder, move it. Last reminder, we're closing down. But it was set up to an email that I didn't use.

It's a crypto email.

No, it's like an email dedicated for crypto stuff.

I didn't think the exchange was closing. Okay?

Yeah, but that's why like I think about it as like I think about it from the mindset that it could just be gone tomorrow. I also see how it goes to a million dollars from here.

Yeah. On this concept of.

Yeah, but I'm not going to say.

Oh, yeah.

So one really interesting dynamic is, and I was out for a walk with a guy the other day, is a lot of the people who bought it super, super early lost it.

Because there was just a bunch of different ways you could have lost it. So like there was an exchange called Mt. Gox, which was hacked. Um, like a lot of people put them in on these little cold storage devices and they lost the devices over the years because they bought Bitcoin at $800, $600 and there wasn't a secure place to store it. So they put it on these actual like drives. Um, okay.

And like Celsius was a big one. A lot of people stored their crypto in Celsius. So it was like a weird thing where a lot of people, you know, they've lost it over time, but hopefully I know a lot of them also didn't lose it. So I guess that Bittrex thing, I don't even know where I was going with it, is like a common-ish occurrence.

It's a frontier asset class that's becoming more and more mainstream. BlackRock suggesting 2% of your portfolio should be allocated to Bitcoin.

That is very interesting. Trump may implement a national Bitcoin reserve. Several countries are already on that path or front running it in certain ways.

And like I understood and understand that snake oil argument. Totally. It's undeniable. Like it's a really compelling argument. But as I said before, like there's a lot of really, really, really smart people who are excited about this. Do you want to bet against those smart people?

Or do you want the schmuck insurance?

And yeah, I think Bitcoin is like it was the ultimate schmuck insurance.

Yeah, let's open up a Robinhood account for you this week and have you start trading stuff.

Coinbase account as well.

It takes five minutes to set up.

But do we think it's possible to go a full day with a three month old without them crying once?

All right. So what failed you guys this week?

Opposite.

Yeah.

Moving on.

Very nice.

I'm thinking. I put the wrong size diaper on her.

I feel like this is like a very, that was a very PC answer.

Yeah.

What's going on with these hipper stuff?

Well, I couldn't get it.

I did a couple of them.

I thought we were going to need to up, and then I figured out there was an N on there.

You don't think it would be fun to try and do that?

The C-H is something in... Yeah, couldn't tell you, but we do the C-H thing sometimes.

Yeah. But we, as I've said, there needs to be some rebranding done to some of this holiday stuff.

Yeah. Threw us a lot of people for a loop. There's a great video of smoking Robinson wishing, wishing someone happy Chinooka. I think Chinooka is a great, it's a great word.

Yeah.

Yeah.

My big thing with Chanukah is we need to fix the dates. I hate this rotating schedule. It's just so confusing.

Hanukkah is spelled two different ways.

Yeah. Just one has a CH in front of it.

Yeah, I believe so. But not totally 100% sure.

Yeah, I mean, this is just like, as a religion, we don't need to overcomplicate things like this.

It's already confusing enough with the rotating dates. One spelling, one pronunciation. Yeah.

Very kind.

Shout out Aunt Joni.

And then... Beautiful menorah.

Yeah, just I love the element of festiveness it adds to that room.

She's the best.

Well, your eyebrows look great today.

it just like consistently blows my mind uh and this is i feel like i'm stating the obvious but whatever like as you i feel like i put all this time and energy into like you know parenting and being a child but like the fact that you also need to manage things like this as well as like

take her well-being it's just it's amazing it's a big one though yeah like but i just like you almost like forget about it because you've not been doing it for three months but it's like no like this is a massive piece and you're just you're doing amazing like you're crushing it i know but i don't think you're understanding the problem that we're running into right now i am she she's eating more i listened so i need to increase the supply i know you got it but you got it but i like might not have it do you do you know

How much longer do you think your bedtime face regime is than most women?

Oh, I trust you.

Like, I believe in you.

Yeah.

And I know you'll do it because you're the best.

Thank you for listening.

Ciao.

You bring the heat with the intro? That's a little flat.

I've never seen another woman go like that at night. And you do that every night in the mirror for like two to three minutes.

I don't want to be on your TikTok, whatever you're saying.

No, because as I walk down the street, I try not to look at the homes because so often people are on the patios. I just try to avoid eye contact. So I actually... I love our neighborhood.

No, she sleeps like a rock. She's good.

Our neighborhood, the people spend an outsized amount of time on their porch.

And like you're not locked in. You're just kind of walking down. It's like a parade just waving. It's really intense.

I'm going to slightly pivot.

I feel like you have me signed up for all these things, right? I feel like I'm like signed up for some, like we did like the boat.

light thing we went on the boat and we looked at all the lights and now we're doing like a walk where we're looking at all the lights so i feel like i'm like getting dragged to all these like little christmas things already this one doesn't sound that crazy to me you want to go i just feel like the lot some lobbies do it really well like that lobby that we were at in oklahoma city they crushed

I'm going to talk about what I thought about when we were cuddling this morning.

So, like, I kind of like the lobbies.

Yeah. I mean, I don't... I'm surprised you're not into it. I guess that's my point. I see you into more silly things. You watched The Grinch last night. I'd rather go to a lobby than watch The Grinch. That movie looked terrible.

And I've been thinking a lot about this. Okay. If you committed your full day to making sure your three-month-old doesn't cry or limiting their amount of cries, what's the least amount of cries you think you could get?

I botched the porch.

Okay. I'm jolly. I'm jolly Harrison.

No, no, no. I do. I'm kidding. I'm kidding.

We, like, rented a car and went alligator touring. Oh, my gosh.

Yeah.

I think we just went to all Grutman's spots.

I mean, I love Grutman's spots, so they're the best.

Yeah. We actually, we did quite a few. We did Delilah. We did Poppy. We did, uh, Carbone. We did. We, we had a fun little line.

Where would we stay?

I got you Jordans. You got me the Birkenstocks.

So something for home. Something to wear. So something to home was the Uggs. Something to wear...

What's the wax jacket?

Then you got me those big Nike boots.

Yeah.