How to Money Friday Flight - Bad RAPs, Price Match Murder, & Premium Points Credit Cards #1020
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Aug 8, 2025 This week’s financial roundup dives into fascinating topics like the surprising longevity of purchasing power and the effects of new tax laws like the One Big Beautiful Bill Act. The discussion touches on the impact of soaring prices at the movies, from $80 popcorn buckets to Target's price match changes. Listeners are cautioned against following questionable student loan advice on TikTok and are urged to reassess their strategies for premium credit cards. It’s a mix of nostalgia, humor, and essential financial wisdom to kick off your weekend!
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Great Grandma's 100-Year Price Reflection
- Joel shared about his great grandma turning 100 and a fake newspaper showing prices from 100 years ago.
- They compared 1925 prices like a $6,000 house and $600 car to today, appreciating investment growth over time.
Investing Beats Inflation Over Time
- Investing early is key to outpacing inflation and growing wealth.
- A $100 investment in the 1920s could grow to $2,768 today in the S&P 500.
Key Tax Changes in New Bill
- The One Big Beautiful Bill Act extended tax cuts but only temporarily.
- Raises SALT deductions from $10,000 to $40,000 benefit high tax states but are politically contentious.