How to Money

Friday Flight - Purging Pennies, Financial Fights & Phantom Wealth #945

Feb 14, 2025
This week explores the fading relevance of pennies in our digital world and the humorous journey into making homemade biltong, a tasty, budget-friendly snack. There's an entertaining take on nostalgic TV shows and their influence on college life while addressing millennials' feelings of financial stagnation despite increasing net worth. The discussion also emphasizes the importance of strategic tax planning and mindful spending for a balanced financial future. Tune in for lighthearted insights coupled with practical money advice!
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ANECDOTE

Homemade Biltong

  • Joel and his friends started making biltong, a South African beef jerky.
  • It's cheaper and tastier than store-bought jerky.
ADVICE

Eliminate Pennies

  • Stop making new pennies due to their minimal value and high production cost.
  • Digital payments and inflation have made them obsolete.
INSIGHT

Nickel Problems

  • Nickels cost more to produce than they are worth, similar to pennies.
  • They also slow down transactions, impacting businesses like convenience stores.
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