[00:00:00] Corinne Foxx: Welcome back to another episode of Am I Doing This Right? I'm Corinne Foxx.

[00:00:05] Natalie McMillan: And I'm Natalie McMillan.

[00:00:07] Corinne Foxx: And we are best friends, confidants, millennials, and the hosts of Am I doing This Right? A life how-to podcast from the perspective of non-experts.

[00:00:17] Natalie McMillan: And each week we cover a new topic and we drink a new bottle of wine.

[00:00:23] Corinne Foxx: Yes, we do. Nat. And this week we are talking a question that we had. Ourself.

[00:00:29] Natalie McMillan: Yes. And one that we need wine for.

[00:00:31] Corinne Foxx: Yes, it is. What is inflation and how does it affect you? Don't click off do, uh, do not click off. You need to know this. Yes. Because we didn't really fully understand it to its

[00:00:44] Natalie McMillan: extremity. I feel like I didn't at all.

Right. But now I do right. Or I feel empowered. And if the girlies are listening, you guys, you're not allowed to turn

[00:00:52] Corinne Foxx: off. We have to know these things. Yes. Unfortunately we have to know how they work. Yes. So we're gonna be talking what. Is inflation, why it's currently happening and who in the actual F is the fed the

[00:01:05] Natalie McMillan: fed.

Why do you, oh, well the fed raised the fifth. Like who the

[00:01:09] Corinne Foxx: fuck is that? Yeah. And what's their role? What are, are they, why are they a part of this equation? I need to know. I think the feds are the police.

[00:01:17] Natalie McMillan: That's what I, I just thought the feds it's like, yeah, the, the fed. They're gonna kick your door

[00:01:21] Corinne Foxx: down.

Yeah, the fed. Yeah. No, this is a different, it's a father thing situation and we'll get into it, you guys, but at the end of the episode, we're gonna be playing overrated, underrated. So stay tuned for that. And you guys, you can always email us with episode ideas. If you have something that you're like, I don't under, like, this was, we were like, we don't know.

What this really is. Right? So we'll research it for you. Yes. And you can email us that. Am I doing this right? Pod gmail.com. We are accepting epi. The line's open.

[00:01:51] Natalie McMillan: The line has open for episode requests

[00:01:54] Corinne Foxx: but not, um, what are we drinking? All right. We need alcohol and we need

[00:01:58] Natalie McMillan: alcohol.

[00:01:59] Corinne Foxx: I love the label. Oh, it's a how it's, it's hard to explain

[00:02:04] Natalie McMillan: it.

It there's a goose on it. There's a, a globe it's called KK, INO Mito. It is a Malbec from Mendoza, Argentina. And, um, I feel like we've had a few, a few mal, but they're hit and miss, I feel. So I'm gonna just pull a little, a little look, look, oh my gosh. Actually shout out to one of our listeners Holly from the UK, because she was, um, she suggested some drinks we should do.

And then one of them was in a can and she was like, the ASMR on the can would

[00:02:42] Corinne Foxx: be, oh, you guys like the ASMR? I know. We're really into that.

[00:02:47] Natalie McMillan: I know. So also just shout. We love the Ammi we love when you guys talk to us. I know. And she's a

[00:02:51] Corinne Foxx: type one. Oh my God. I. Oh, there's a community out there. Yeah. I'm very happy to be here because I had a, a bit of a chaotic day yesterday that you are kind of aware of net, but it, it just kept going on and on the chaos.

Oh God. Yes. I forgot about this. So yesterday you guys, I went to the eye doctor because I. I was my eye. There was an issue with my eye, Dr. John coops. No, I to go to ophthalmologist. Oh

[00:03:18] Natalie McMillan: my God. Not our optometrist. Okay.

[00:03:21] Corinne Foxx: And first of all, his voice sounded like John ham. I mean, to a T I said, sir, immediately when walked to the room, I said, has anyone ever told you you're.

Your voice sounds exactly like John ham. Like if you heard him in the other room, cuz he has that very particular. Yes. You would be like, John ham is next door. And he was like, no one's ever said that to me. I was like how he should be. I almost told the nurses like, come on guys. Well, this is dad. Well,

[00:03:43] Natalie McMillan: he should be like, you know, like Tom Hanks' brother does the voices for all of the like.

Woody toys. Oh,

[00:03:49] Corinne Foxx: he can 100% do it. He was like, if you close your eyes, it is John Ham's voice. Oh my God. Anyway, so that was, but anyway, so, but I didn't, he was gonna dilate my eyes and I also did not know what happens when they dilate your eyes. You had never had them dilated. No. So I'm. A baby, a newborn baby blind, trying to get through the world.

I didn't bring sunglasses. I'd come out the world. I it's like P like, do they? You, yeah, they gave it to me, but it's like a piece of paper, right?

[00:04:17] Natalie McMillan: It's like this weird. It

[00:04:18] Corinne Foxx: looks like film. Yeah. Yes. The sunglasses then I'm like, I have to drive to an audition. I'm blind, you guys. And I have to type in the directions.

I can't read my phone. So I just muscle memory, the name of it. I'm like, I hope, and I clicked the first thing that popped up and I was like, I hope I'm going there. Luckily I can see far away. Yes. So it was fine, but I had no idea where I was going. I was laughing the whole time. I'm like, this is the craziest thing.

It's insane. Then after all this happened, I got home and I thought I've had a rough morning. I'm gonna make heat up some old lasagna. Oh, no heated. It. Went to the bathroom, came back. Archie had the whole Las, I knew you were gonna say it. He's never done that. He does not like plate surf or anything. And he, and I just said, I'm tapping out.

I'm gonna tap out right now for two days. Was it up on the counter? It was, it, it is my fault. I left it on the dining table and I heated it up. I was so excited and I was, I'm just gonna run to the bathroom, like, like. Came back gone. He ate

[00:05:19] Natalie McMillan: it in 30

[00:05:20] Corinne Foxx: seconds gone. It was the last piece of lasagna. Oh gosh.

And I just thought today's not the day. So, you know what? I woke up today on the right side of the bed. I said, this could be a great day. And I'm excited to learn about inflation.

[00:05:31] Natalie McMillan: Yes. Yes. Gosh. Starnet and you know, we're not, we're doing over, under at the end, but I will just go ahead and citizens arrest Archie for that.

Oh no. He

[00:05:37] Corinne Foxx: needs to be arrested. Yeah. For, for the lasagna, Archie

[00:05:40] Natalie McMillan: citizens arrest on you. The last piece. The last piece too. Jesus, I gluten free gluten free.

[00:05:45] Corinne Foxx: Forgive me. I homemade. I made it myself. It was amazing by the way, I should make it for you. I would love,

[00:05:51] Natalie McMillan: I would love it. It was so God. Oh, I girl. Okay.

[00:05:56] Corinne Foxx: Our next date. Yes. Okay, so let's yeah, we gotta get into, uh, inflation. Yes, unfortunately. Yes, yes. And

[00:06:02] Natalie McMillan: why did, why did we choose

[00:06:03] Corinne Foxx: this miss Karen? I feel like we've been hearing left and fucking right about inflation and the economy and everyone's tripping balls and like talking about it. And I just like.

We don't really understand it. Like, like fully sort, like we know that prices are going up, but like why and how does that happen? Right. And why can't we just print more money and like fix it? So we figured it out. Mm-hmm we did the research so that you don't have to, and we're gonna break it down. Very simple for you.

Yes. Very simple. Very digestible. Yes.

[00:06:36] Natalie McMillan: Very fun. Yeah. We're gonna have a good time.

[00:06:39] Corinne Foxx: Buckle up, buckle up. So why is everyone freaking out? Right. Okay,

[00:06:43] Natalie McMillan: so we're gonna go into like how all this happens, but just for modern day context. Okay. You know, over the course of history, inflation has happened a bunch of times for, for many different reasons.

In the case of the United States and rising inflation. Right now, it is mainly because of the pandemic. Right. So basically what happened was the pandemic hit and everyone was scared from the uncertainty of the world. So they started holding onto their money in fear of what might happen next. However, with no money circulating the economy takes a hit, right?

So what did we get? They sent out the stemies remember the stemies that we all got in the mail and they were like, Hey everybody. Can you spend a little money and then that gets the economy going again. So I'll give an example here about bikes. All right. So let's say you got your stemmy check and you were like, oh my God, I.

Can go buy that bike that I've wanted for a while now. Mm-hmm and you got to buy it and you get there and there aren't any left because everyone came and they swooped up the bike with their STMI. Right. Okay. So now the store owner's like, well, shit, I gotta, I gotta get some more bikes, but I'm gonna need to double the price on them so they don't fly out the door.

Right course mm-hmm, also capitalism supply and demand. Right. But then that happens across the board on literally every single it's not just bikes. It's not just bikes. It's food's, it's gas, it's growth. It's everything. Yes. You've probably also heard people talk about supply chain problems and the way it has added to our current state of inflation.

So to explain this, let's go back to the bike example. So the bike shop owner calls up the bike factory and is like, hello. Like I need more bike. ASAP ASAP Rocky right now. And the factory's like, Hey, everybody literally bought every single thing and it's gonna take five months to even get one bike made.

Right. And then when that comes around and they finally get all the bike supplies and everything, the cost of those supplies has now doubled mm-hmm , which passes the rise of cost to the bike shop owner, who then passes

[00:08:49] Corinne Foxx: it to you. To you and the biker to the

[00:08:53] Natalie McMillan: guy that just wanted the fucking bike.

[00:08:56] Corinne Foxx: So that makes sense.

It's supply and demand. Yes. It's putting money into the economy. It's spending the money. It does feel though, like this can get cyclical and like, it makes sense that we've had inflation it's happened. Right.

[00:09:12] Natalie McMillan: And it's interesting that it actually kind of comes out of a good thing. Right. Like there's more money and it's like, woo.

But then it's like, oh fuck. Right. Great. So what is it? In terms of a definition.

[00:09:23] Corinne Foxx: Okay. So according to the international monetary fund or the IMF inflation is the rate of increase in prices over a given period of time. Inflation is typically a broad measure such as the, uh, Overall increase in prices or the increase in the cost of living in a country.

Okay. Basically when a inflation occurs the dollar or, you know, whatever currency that you're using is losing value while the cost of everything increases at the same time.

but it's from, wow. But it's. Inflation is kind of always happening. Yeah. From 1960 to 2021, the average inflation rate was 3.8% people start to panic when it rises above that 3.8%. And right now it's like way higher than that. Sick. Yeah. So love for us. It's normal. Inflation's a normal part of actually a healthy economy from what I've learned.

Yes. Because we're growing more. Money's in the prices. Slowly going up in a manageable way when it gets crazy is when it goes above that 3.8%. Yeah.

[00:10:34] Natalie McMillan: And it's no longer

[00:10:35] Corinne Foxx: manageable. It's no longer manageable. Right. That's when it becomes unmanageable. Mm-hmm so what, what causes it in a general sense? Yeah. So,

[00:10:41] Natalie McMillan: you know, when you hear your grandparents that they're like a movie in a bag of popcorn was like, A dollar 25 and we're just like, gosh, really one movie is $27, but okay, go off.

They're making an observation about inflation. So it's the rising cost of goods and services over time and the decrease in the purchasing power of the dollar. So it can occur in nearly any product or service need based expenses like housing, food, medical care utilities, as well as. Want based expenses like makeup, cars, jewelry, literally everything.

Okay.

[00:11:19] Corinne Foxx: Yeah, but like how, okay,

[00:11:22] Natalie McMillan: so basically the fed, which put a pin in that we come up, the fed circulates too much money. So like anything else when supply becomes relatively abundant money loses its value.

[00:11:35] Corinne Foxx: Okay. Think

[00:11:36] Natalie McMillan: about it like the BBL. right. The Kardashians. They, they got the BBLs and then everybody could get the BBLs.

So now they've reversed the BBLs. Gotcha. It's no longer a it's. No, it's not cool. It's not exclusive anymore. I see. Okay. But before we go any further. Beat boot beat. We gotta do a definition alert. Yes. So when people are discussing inflation, you're gonna hear them mention the

[00:11:58] Corinne Foxx: fed. Right. And what, what is a fed?

And if it's not the people that are like, if it's not the SWAT team, what is it?

[00:12:05] Natalie McMillan: I literally picture the SWAT team kicking my door down. Yeah. That is the fed. Right. Of course. Right. And we thought that it was just short for like federal government, but it's actually the federal reserve. Okay. Which is the.

Central banking system. So its core responsibilities include, uh, setting interest rates, managing the country's money supply and regulating financial

[00:12:27] Corinne Foxx: markets. And what was interesting about the fed is that it is not a bank. It just manages all the banks. Right? It's

[00:12:35] Natalie McMillan: the, is the big daddy manager of the banks, right?

Yeah. Yeah. But what are they doing with bank of America? What the fuck. They're not managing that. They're

[00:12:42] Corinne Foxx: they're regulating bank of America. Mm-hmm they're out here in these streets, swindling people. I

[00:12:46] Natalie McMillan: cannot. So how does it affect

[00:12:50] Corinne Foxx: our cash money inflation? Yes. Well, okay. So say you have a hundred dollars you can use to make purchases, and instead you keep that a hundred dollars under your mattress for a year.

All right. If the inflation rate is that 3% that year, then the hundred dollars you held onto is worth 3% less. Because of inflation. So it would only buy $97 worth of goods. In last year's dollars. If you put that a hundred dollars in a savings account that earns interest, you lose less purchasing power and might even gain depending on the interest rate you're earning on your savings.

So if you only earn 1%. Interest you're still losing money. If inflation is 3%, which is, this is why we always talk about, we have an episode about savings accounts. You guys, because you are being swindled, you are being swindled, period. If you're going with a big brick and mortar bank. Yeah.

[00:13:45] Natalie McMillan: If you're at B a or Wells Fargo right now, Delete your account.

Yeah.

[00:13:49] Corinne Foxx: so for you to actually gain wealth from your savings, the interest rate you earn must exceed the rate of inflation, which is in this case, we're just saying 3% just for this hypothetical yeah. Thing. So it though it might be frustrating to think about your dollars, losing value, most economists consider a small amount of inflation, a sign of a healthy economy, a moderate inflation rate encourages.

Spend or invest your money today rather than stuff it under your mattress and watch its value diminished. So there is again like a small amount of it. Right? Good thing. Right.

[00:14:22] Natalie McMillan: Like not so good, not so good. And so that's why they gave us those initial STMs cuz everybody was like, well, we're just gonna, we don't know what's happening.

We're holding onto everything. Exactly. And then that's what, that's what, uh, went wrong. But let's have some examples. Shall

[00:14:36] Corinne Foxx: we? Yes. So one of the most straightforward examples of inflation and action can be seen, like in the price of milk, they always do this way. Always milk. Why? Why is it always milk? I know I don't, let's just be the easiest one.

I don't, I don't do people buy gallons of milk anymore. Gallons.

[00:14:53] Natalie McMillan: Oh, gallons. I don't know. What do the children put in their cereal? if you have, I

[00:14:59] Corinne Foxx: have a lot of kids maybe, but I feel like I just get like a carton. I just get the carton, but I guess what, we don't have children. Yeah. Okay. That that's neither here nor.

Yeah. Yeah. So in 1913, a gallon of milk costs, 36 cents.

[00:15:09] Natalie McMillan: That's

[00:15:09] Corinne Foxx: fucking grain gasoline, right. A hundred years later in. 2013, a gallon of milk costs, $3 and 53 cents, nearly 10 times higher. So this increase is not due to milk, becoming more scarce or more expensive to make. In fact, the opposite is true.

Instead, this price reflects the gradual decrease in the value of money as a result of inflation. Another example is that in 1980, a movie ticket costs an average of $2 and 89 cents. Goodbye.

[00:15:42] Natalie McMillan: Jail?

[00:15:42] Corinne Foxx: No. Well also in LA it's really expensive of course, because it said in 2019, the average price of a movie ticket had risen to $9 and 16 cents.

Oh, which it is not,

[00:15:53] Natalie McMillan: we were already, we were already at like $23. Yeah. In 2019.

[00:15:57] Corinne Foxx: Yes. So, but don't just think of inflation in terms of higher prices for just one item or service. Inflation refers to a broad increases in prices across a sector or an industry like the automotive or energy business, and ultimately a country.

Entire economy. Yes. But I, I do wanna go back to this fed thing right. And understanding like what it is and how, how does, how does the fed affect inflation? Why are they in the mix?

[00:16:28] Natalie McMillan: So beyond the circulating of the money, they also affect interest rates, which you might be hearing about. So, like we said earlier, most countries have a central bank, but it's not like a normal private bank, the central bank in the us, again, the federal reserve or the fed.

And they set all the rules and the policies that all the other banks have to follow and they make sure that the economy's growing and doesn't go into a recession. Well, I guess they try to do that. They're also in charge of setting the interest rates and this can be the interest rate on. A home, an auto loan, et cetera.

It's like an across the board interest rate, right. They can go ahead and raise

[00:17:10] Corinne Foxx: it or lower it as they please, right. And a lower interest rate helps stimulate the economy. This is because people take out loans, they spend money, they buy houses, cars, boats, but then what happens? Supply gets smaller and smaller and there is.

And less houses because more and more people are taking out mortgage loans. Yep. So eventually the demand is going to get higher than the supply and that's when prices start to go up again. And that is how inflation happens, especially in the housing market. Yes. So now a house that costs a hundred thousand dollars.

Might be $150,000 or even more just because of pure demand for it. Yes. Because there's not a lot out there. Right. So a way that the fed will correct will kind of course correct. This type of inflation is by increasing interest rates. Okay. So in turn less and less. People will be able to take out loans, which means less and less money will be circulating in the economy.

And this will decrease people's purchasing power and allow the supply chain to repopulate and balance out the prices. Oh, okay. So they're kind of like the little puppet master, like okay. A little bit over here, a little over there. They're a little dance and we are really the. Puppets.

[00:18:25] Natalie McMillan: We're just at the mercy of these fucking people.

Yeah. So

[00:18:28] Corinne Foxx: why is everyone scared of inflation? Like what's the scariest version of inflation? Yes. So

[00:18:34] Natalie McMillan: it can become a destructive force in an economy. If it's allowed to get out of hand and rise dramatically, unchecked inflation can topple a country's economy like in 2018, when Venezuela's inflation rate hit over.

1000000% a month. What, isn't that fucking crazy? I

[00:18:55] Corinne Foxx: think we're like, we, we we've been going around like six, right. A million we're

[00:19:00] Natalie McMillan: at six and we're just, are we at, I don't even know where're at freaking out. A million a month, a month, meaning their value. I mean, they had, okay. Anyways, their entire economy obviously collapsed, uh, and forced countless citizens to flee the

[00:19:17] Corinne Foxx: country as, as they should, as you kind of

[00:19:20] Natalie McMillan: have to right.

Also Zimbabwe in the two thousands, they underwent serious hyperinflation, which. What that is. That's a technical term. Mm-hmm hyperinflation. That's when it just like skyrockets many economists point to the country's financing of the second Congo war by printing more money as a major cause of this. And the inflation was so bad that the currency became UN salvageable useless, and eventually the country's plan became to demonetize their currency entirely and move to foreign Fiat currency.

[00:19:55] Corinne Foxx: Jesus. That's crazy. Yeah. I mean, guys do not be scared. This we have, that's why we have said to do help bounce it, but that's really what I mean, that's the worst, worst case of inflation.

[00:20:08] Natalie McMillan: Right. And also, this is why, cuz I never understood why. Like, why can't we just print more money. Right. And it's like, oh, cause it makes that it makes it worse.

Yeah. Definitely putting more money actually makes it worse. Yes.

[00:20:21] Corinne Foxx: And that's what they did. That's what happened. But you do it out in a, in a proper way with like the stimuluses and it's, you know, it doesn't, it can balance it. It is like, yes, it is like a, like the scales are just trying to get it right in balance.

Right. And I do believe. We can course correct. We've

[00:20:38] Natalie McMillan: course corrected it before. Yes. Many times, many times, many times. All right. Here's you know, we love the howto.

[00:20:46] Corinne Foxx: We love a howto. We love a howto. How do we beat? Inflation. Yeah. So if you save your money by bearing it in jars in your backyard, or like, sounds like my mom, if you're dooms, dang it, or stepping it under your bed mattress, you will lose money to inflation because the cost of living grows while the value of your money does not.

So ultimately you're not helping yourself out. And the best way to beat inflation to achieve returns, averaging more than the average inflation rate. Is to invest in a combination of stock and bond mutual funds that can return more than the average rate of inflation. And we have an episode on savings versus, um, investment accounts.

And we also have like an investing 1 0 1 account that explains compound interest and like how that is gonna help you beat inflation. And it's

[00:21:37] Natalie McMillan: not as scary as it sounds. And it sounds like it's only for like

[00:21:42] Corinne Foxx: super wealthy, like no, no, no, no, whatever money you were gonna step under the mattress that $20.

Yeah. Go invest it. Just invest. That part, that part. So some investment tips on beating inflation. We got from Mr. Warren buffet, which pretty good resource we we've gotta, we've gotta, he's a, yeah, he's a great resource. So one, he says investing good businesses with low capital needs. Buffet has long advocated for owning businesses that earn high returns on the capital, invested in the business during inflationary times.

Businesses with low capital needs that are able to maintain their earnings should fare better than ones that are required to invest more money at ever higher prices just to maintain their position. So things that don't take a lot to run. Okay. Uh, low overhead, low overhead, low overhead is what we say is why.

Okay. To go back to the savings accounts, the big brick and mortar. They have a lot

[00:22:35] Natalie McMillan: of, they've got more overhead. They've gotta

[00:22:36] Corinne Foxx: fund all of their,

[00:22:38] Natalie McMillan: for the fees come from. Yeah, I. You, you know, we can't, we cannot. All right. The second tip from Mr. Warren buffet is to look for companies that can raise their prices during periods of inflation.

So he once said that an unregulated toll bridge would be the ideal asset to own in an inflationary world, because you would have already built the bridge and could raise prices to. Offset inflation. He said, you build the bridge in old dollars and you don't have to keep replacing it.

[00:23:07] Corinne Foxx: I don't know if we all can invest in bridges, but I get what he, but I get the analogy.

I do get what he is trying to say. Right, right. Like

[00:23:14] Natalie McMillan: you don't have to do any, it's nothing new. You just can simply increase your price. Yes, exactly. Right. The other thing is to invest in tips.

[00:23:25] Corinne Foxx: Can you define, can you define it? Yes. Can use it in a sentence.

[00:23:28] Natalie McMillan: It is the treasury inflation protected security or tips.

It's another investment endorsed by buffet for investors who are concerned about rising inflation tips, pays investors, a fixed interest rate twice a year, but the principle amount is adjusted for inflation and measured by the consumer. Index.

[00:23:50] Corinne Foxx: Okay. Look into some

[00:23:51] Natalie McMillan: too. Look into those tips. Hot tip for tips.

All right. And finally invest in yourself. So consider booking up your resume by learning a new skill through online resources or local college pursuing advanced degrees can be expensive, but they can also help grow your knowledge base and make you an indispensable employee in the future. Increasing your value to your employer and its customers will help you command your fair share of earnings over time.

So think

[00:24:18] Corinne Foxx: of yourself. As a, you are the purchasing power. Yeah. And like during times of inflation, if it's like, okay, well, I don't know what to do with my money. Like, why don't you invest in yourself and like learn a new scale or cause like that is gonna also pay off in the long term. You yes.

[00:24:35] Natalie McMillan: Invest in, you invest in you and in multiple ways it will pay off.

Yes. Literally and

[00:24:38] Corinne Foxx: figuratively. I love that. Yeah. And inflation is that simple that's inflation in is that simple, watch them

[00:24:45] Natalie McMillan: be like, that was so fucking confusing. You didn't understand the single word? No, they can't. That was simple. I feel like we really, I really hope so.

[00:24:52] Corinne Foxx: Let us know, guys, we hope you learned more about inflation and why it's currently happening, what it means for the economy and for you personally, and some tips on how you can beat.

You know yeah. Tips for tips, tips

[00:25:05] Natalie McMillan: for tips, you know, what's so interesting. I actually got a YouTube ad a few days ago. That was like, if you're not investing in tips, blah, blah, blah. And I always just skip over it cuz I'm like, what the fuck is this guy talking about? But then I was like, oh,

[00:25:17] Corinne Foxx: that's what it is.

That's what it is. That's what its how we know the more, you know, the more you nice. Okay. Now let's circle back on this Caen mal back. Is it Caen? Kiken

[00:25:28] Natalie McMillan: CAI. in Doto Malach

[00:25:33] Corinne Foxx: okay. One, two, which we just recently changed the hobby of the week.

[00:25:37] Natalie McMillan: Yes. In a split second decision per

[00:25:40] Corinne Foxx: R newfound interest. Yes.

[00:25:43] Natalie McMillan: This FOS ma who's career is currently

[00:25:47] Corinne Foxx: inflating inflating.

He's experiencing the inflation of his career. Yep. Mr. Austin Butler, Mr. Austin. But. Yeah, Mr. He's foreign. Oh my

[00:25:58] Natalie McMillan: God. If you don't, you know, both of us don't like blonde. Yeah. Well it, not that we don't like, it's just like, we're not super attract. I'm like this man.

[00:26:06] Corinne Foxx: That some of the fan videos, the compilation videos of him when he's like walking down that red carpet for Elvis, I'm like,

[00:26:13] Natalie McMillan: oh yeah, you need to send me one.

I'm not seen these. Oh, I will send you one. Oh, I'm going it's. I mean, it's very hot in this room, but , it could get hotter.

[00:26:22] Corinne Foxx: okay. So one, two Austin Butler. Who's a 12.

[00:26:26] Natalie McMillan: All right. Well, you know how I said, mal back are like a hit and miss for us.

[00:26:32] Corinne Foxx: I'm given an eight. I like it.

[00:26:34] Natalie McMillan: Mm, that's interesting. Okay. I, I, I feel more of a

[00:26:38] Corinne Foxx: miss.

Okay. It's a miss. I'll give it a, let take one more step, give another step.

[00:26:45] Natalie McMillan: I do think as it opens up, it has gotten better. Okay. speak from your heart. I'm gonna give it, you know what? I'll give it a seven. I'll give it a no, no go. No, no, because you know, I'm really contemplating this. I, I can see it. Yes. Cuz I am thinking the more and I'm also, I always have to think, you know, am I eating food with this?

If I'm eating some cuz also if it's Mendoza, you know, Argentines, Argentines the people of Argentina. Mm-hmm they eat mad amounts of meat. Yeah. I

[00:27:15] Corinne Foxx: knew that. I didn't, I didn't know that.

[00:27:16] Natalie McMillan: Yeah. So it's like they're, they're drinking this. With their steak mm-hmm with their legendary steak. And I'm like, if I'm eating a steak with this, that's

[00:27:25] Corinne Foxx: good.

Okay. So seven and a half,

[00:27:27] Natalie McMillan: seven and a half out of Mr. Was Mr.

[00:27:30] Corinne Foxx: Austin Butler.

[00:27:38] Natalie McMillan: All right. This is

[00:27:40] Corinne Foxx: the part of the episode where we play a little wrap up game. And this week it's overrated. Underrated under, and I'm a little nervous about mine, cuz it is contrast. Let's hear your first. I'm nervous to say this.

[00:27:52] Natalie McMillan: Okay. Re remember when I had the notebook one, some people did come for me.

Yeah. Some people did come for me.

[00:27:58] Corinne Foxx: This is insane. Oh my God. I can't believe I'm. I'm going to admit this. Okay. I think tacos are overrated.

[00:28:07] Natalie McMillan: Her mouth's open.

[00:28:09] Corinne Foxx: Oh my God. I just think. I've recently had not great tacos. I think Kasad Diaz are underrated. Natalie's speechless. . I feel like she's gonna hit me. Are you gonna hit me?

[00:28:30] Natalie McMillan: No, I'm very nonviolent. Okay. Um, I'm very nonviolent. I'm a nonviolent person. I'm very docile. I'm quite a docile person. I I'm so

[00:28:39] Corinne Foxx: sorry. Does this affect our friendship potentially, potentially. It's just

[00:28:45] Natalie McMillan: jocking. I just don't know how you could think it's overrated.

[00:28:49] Corinne Foxx: I think tacos are there's there's taco culture.

There's there's shirts.

[00:28:54] Natalie McMillan: There's oh, okay. I do

[00:28:56] Corinne Foxx: agree on this there's earrings do agree on this. People are like, it's like bacon, it's like bacon with yeah. And, and pizza too. People are like pizza people. Yes. Which I would say I am, but I would never wear me like, um, paraphernalia. Right. Like

[00:29:11] Natalie McMillan: in the, in that sense, I will agree.

Like, pizza's amazing, but it is overrated in the context of like, I'm not gonna go around with a shirt. Or with

[00:29:20] Corinne Foxx: pizza leggings with, I, I like talk like if you had a taco bar talk, anything, I would, I love

[00:29:27] Natalie McMillan: it. So you're not gonna get tacos tonight, cuz we are going, um, on a date tonight. Well that's

[00:29:32] Corinne Foxx: different.

No, it's not. You're gonna get a Illa. No. See, that's what I'm saying. It's not that I don't like them. Right. It's just, I think that they are over. I think they should be appropriately rated. Right. I am gonna have a taco tonight, the crispy chicken taco. I love that taco at the place we're going. Yeah, but I just don't think taco culture.

Okay. I agree with the taco culture. I think there should also be a, if there's a taco culture. also be a quesadilla culture, I think. Okay. Okay. I can.

[00:30:01] Natalie McMillan: And I think that's what I'm saying. I think that quesadillas are underrated. I will, I will go with you on that. I think

[00:30:06] Corinne Foxx: people think of 'em as childish and they're D.

Oh, I love a case. Like, and you can put everything that's in a taco in a case.

[00:30:12] Natalie McMillan: Yeah. Also sometimes if I'm running out of time, I just throw one in the microwave. I'm eating it on the way out the door. You know, that's what I'm saying.

[00:30:19] Corinne Foxx: Very, very, that's all I'm saying. You guys, it's not that I don't like them.

I just think they're not appropriately represented in culture. I

[00:30:26] Natalie McMillan: believe actually all foods like that. Like chocolate. Why do people avocados?

[00:30:32] Corinne Foxx: Like they identify, they identify that that's part of their personality, right? Like, yeah. I don't know. I, I dabble in that with pizza though. I dabble in that.

[00:30:41] Natalie McMillan: You do not have any pizza paraphernalia?

No, I would never. So

[00:30:45] Corinne Foxx: I don't think you do, but like, I wouldn't be mad if like for Christmas, if Joe got me little pizza socks that okay. I only wore around

[00:30:53] Natalie McMillan: the house. Yeah. I mean, that's cute. Like fine. It's not like a, a, but that seems

[00:30:58] Corinne Foxx: like a gateway drug could be a

[00:31:00] Natalie McMillan: gateway drug. Anyways. What is your overall, you know, you know, tacos are truly my favorite thing, but I, uh, but would I ever own anything that stands tacos?

No. I'm also, well, you know, my thoughts on. What there's too many fancy tacos. Oh, really? A taco can be like, well, just like the fancy Mexican restaurants. Okay. Some of them take it way over the top with their vegan crema and all of this. And I'm like, hit me with a normal ass taco with radishes, cuz that's how it should be done.

Any who, okay. What's

[00:31:33] Corinne Foxx: your

[00:31:33] Natalie McMillan: overrated? Underrated. Okay. So I was going to do one that is much less mild, but because you did a controversial one, I think I will do a controversial one, which also could be misunderstood. Okay. I'm gonna start with my underrated, cuz it needs less explanation. My underrated is J Cole.

Okay. Yeah. I love J Cole. J Cole is underrated. He's like extremely good. Mm-hmm .

[00:31:54] Corinne Foxx: Please say what? I think you're gonna say Drake. Oh,

[00:31:58] Natalie McMillan: not here's my thing. Not that he is overrate. Like, I fucking love Drake. Right. But I do think he might get more hype like this new album that came out. I'm like, this is not a good album.

You know what I mean? I, I, but we have agreed it's every other album, but I think people see him as like, he's the best rapper ever. And I'm like, I do love the man.

[00:32:24] Corinne Foxx: I think he's undeniable that he is the rapper of our generation in terms of yes. And sir, in terms of streaming sales, like he is like, he's well, our

[00:32:36] Natalie McMillan: generation cuz I'm like, what is our generat?

Is that millennials? Cause I would be different.

[00:32:41] Corinne Foxx: Okay. Let's say generations 20 years. Or what 10 years is a generation. So it

[00:32:46] Natalie McMillan: would be from the 30

[00:32:48] Corinne Foxx: to 40 grab. No, I would say the last 10 years Drake has dominated. Yes, absolutely. So I get that people think maybe his albums are hit and missed. Yeah, but I, I I'm like you would tacos.

I can't say any I right. Drake is, but

[00:33:04] Natalie McMillan: you can see where I'm, here's the thing. It's also in comparison with Jay Cole. I'm like Jay Cole, if we're comparing Drake and Jay Cole, J Cole needs more credit. Yeah,

[00:33:14] Corinne Foxx: no, that I'm saying he's underrated. He is underrated. Cause I'm Drake

[00:33:18] Natalie McMillan: is amazing, but like, Jay Cole is too.

I feel like he to be

[00:33:22] Corinne Foxx: hyped, he should be. Yeah. I would love to uplift him. Yes. I mean, I think he makes ton of money and he is okay. Oh, I think he's gonna be just fine. I think he'll be absolutely fine, but I think he's a genius and I do think Drake has found something in the collective that he knows he's good at.

Yes.

[00:33:42] Natalie McMillan: Yes. And my hope for him is that he doesn't try to overdo it with the. I don't, this new album really has thrown me.

[00:33:48] Corinne Foxx: Fair enough. You are entitled to your overrated underrated

[00:33:52] Natalie McMillan: opinion, but I think we both need to state for the. I love Drake. I love taco and she loves tacos. It's just really in comparison to the underrated.

Yeah. You know, it's all

[00:34:02] Corinne Foxx: about being appropriately rated. Right, right, right. Right. Exactly. Okay. Well, if you guys like this episode, we have some similar ones. Episode seven is saving verse investing, which one is right for you. And episode 22 is investing 1 0 1, a beginner's guide to stacks on stacks. So if you wanna start beating inflation.

Go back and listen to those episodes. They're very informative. And they're very

[00:34:25] Natalie McMillan: fun also. Um, just a side note back to the over under who did you think I was gonna say? Cause you said, oh, I hope

[00:34:30] Corinne Foxx: you're gonna say, oh, I'm not gonna

[00:34:31] Natalie McMillan: say that. Oh, the thing that I'm not gonna say that already, you know, all read it.

Oh, oh, oh, oh yeah. People might come for you. Oh, I know. Yeah. Oh, I was thinking you were gonna think that I was gonna say the bomb. That I have. Oh no,

[00:34:49] Corinne Foxx: no, no,

[00:34:49] Natalie McMillan: no. Will never. You need her say that? I will never, cuz I will also be, um, massacred. Yes. Any

[00:34:54] Corinne Foxx: who, any who also you guys, if you have an episode idea, something that you're confused about, something that you'd like to know more about, you can always email us at, am I doing this right?

Pod gmail.com and we'll be back next week with another episode. Love you. Love you. Bye.