How to Money Friday Flight - 'Just In Case' Planning, Consumer Caste System, & Credit Scores Crashing #1041
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Sep 26, 2025 Discover the impact of recent coffee tariffs and how they affect your morning brew. Learn about 'just-in-case' financial planning and why it's crucial in uncertain times. The hosts debunk claims of a consumer caste system, emphasizing choice over barriers. They explore surge pricing in Las Vegas and how it can feel unfair. Additionally, find out why credit scores are declining and how alternative data might offer a new approach for assessing creditworthiness.
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24-Hour Rule Stops Impulse Buys
- Joel's daughter used a 24-hour cool-down before buying a $25 vintage Cabbage Patch doll.
- Waiting prevented an impulsive purchase and confirmed it was a good decision.
Tariffs ripple into everyday prices
- Tariffs (like on Brazilian coffee) create upstream price pressure that retailers eventually pass to consumers.
- Importers' extra inventory is dwindling, making future orders costlier and raising retail prices.
Create A 'Just-In' Financial Plan
- Build a "just-in" financial plan: map out responses for unpleasant scenarios before they happen.
- Keep insurance current, track expenses, and prepare a bare-bones budget as a financial first-aid kit.