The hosts kick off the New Year by humorously reflecting on resolutions, especially around finances. They share anecdotes from their podcast's 14-year journey, highlighting the evolution of their format. Celebrating their anniversary, they express gratitude to listeners and promote a new meditation podcast to support well-being. Additionally, there's a lighthearted nod to New Year's Day football games, setting a festive tone for the discussion on fresh financial starts.
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Quick takeaways
Mint Mobile's drastic price cut to $15 per month for its Unlimited plan challenges the inflated pricing practices of larger wireless companies.
The New Year encourages individuals to set financial resolutions, highlighting the value of prioritizing goals and seeking professional guidance in personal finance.
Deep dives
Mint Mobile's Pricing Strategy
Mint Mobile has introduced a significant price reduction for its Unlimited plan, lowering the cost from $30 to $15 per month. This shift is a direct response to the inflated prices charged by larger wireless companies, which continue to raise their rates despite customer contracts. The CEO humorously references the legal team's surprising responses to queries about the legitimacy of these price hikes, highlighting the often absurd nature of corporate policies. This price cut aims to attract new customers while challenging the conventional practices of bigger competitors in the industry.
New Year Financial Resolutions
The New Year offers an opportunity for many to set financial resolutions, although the effectiveness of these resolutions is often questioned. The discussion emphasizes the importance of prioritizing financial goals and seeking guidance when needed, suggesting that individuals can reach out for help with their financial plans. The conversation hints at the long-term nature of financial advising, with the hosts reflecting on their growth and experience over 14 years in the industry. This serves as a reminder that personal finance is a continuous journey that may benefit from professional input.
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New Year's Day Reflections and Financial Resolutions