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Welcome to How to Money.

I'm Joel.

I'm Matt.

Today we're talking ridiculous car refinancing, occupation consternation, and ads everywhere.

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Before we gets all that, though, a quick little update from, I think it was Greg, who wrote

in, and he was talking about the rescission period that states allow specifically for timeshares.

So we recently talked about how you were like laying, whether or not you're going to go to the time share pitch. You said no, because ultimately they said, your wife's got to be there. Right. I was like, I'm in. And they were like, no, you're not. Not unless your wife comes. And I was like, oh, man. Well, she doesn't like that changes the game, which makes sense. Yeah. It totally makes sense to me, right?

Because if it's just one person, that's whole, that seems like a financial optimizer.

It's, that's a divide and conquer kind of move there, right? Like, like, you are, you're approaching this very strategically. if you're doing it like that.

But right pointed out if there's two people.

Is that if you go alone and then you go back to the room

and your spouse is like,

what did you just sign up for?

Yeah.

Then those people are more likely if there's two people. Is that if you go alone and then you go back to the room and your spouse is like,

what did you just sign up for? Yeah. Then those people are more likely to cancel. Whereas if you make the decision together, you're unlikely to cancel the time. There's like a commit, there's something that happens from a commitment standpoint when there's two people. Right. Like so on if it was just you, it would have been like the optimizer. but with two people that spend that amount of time and energy into it, it feels like you've started something. You've run through the gauntlet. Yeah. Like you've created relationships. You started to dream about what this could look like together. Yeah. There's like a sunk cost fallacy involved, right? Where it's just like, well, we spent all that time doing that. And you are, you're only looking at that as opposed to thinking about what this is going to, what this will cost you in the future. And that's at the core of, I think, what they're trying to. Yeah. Promote, actually. I spent two hours here and I signed another dotted line. I guess we're committed. And probably a lot of people don't even know about the recession period that exists, depending on what state you're in.

It's somewhere between three and 15 days after you've signed out of the dotted line for that time share. So you do have... Actually, let's link to that in the show notes for folks out there to know that you do have a cooling off period or you can say nah yeah actually don't want to do that

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