1 00:00:00,120 --> 00:00:04,400 The next Stefan Good Day download with Doug and Jay Kirshner is made possible in 2 00:00:04,440 --> 00:00:08,039 part by Keltren, which is the safe way for you to lose weight and 3 00:00:08,320 --> 00:00:12,519 keep it off, and also by prevagent keeping your brain healthy. Get ready 4 00:00:12,519 --> 00:00:18,079 for the weekend, and here to help you prepare for your weekend jobs, 5 00:00:18,559 --> 00:00:24,719 your assignments. You've been told to paint the garage. Oh, Tommy's here 6 00:00:24,760 --> 00:00:28,480 to help you out as far as that can go. Tom Kreisler, who's 7 00:00:28,559 --> 00:00:32,479 the co host of the money Pit Homer Provement radio program heard around the country 8 00:00:32,479 --> 00:00:35,479 in a lot of the same stations to carry this program, The money Pit 9 00:00:35,640 --> 00:00:41,119 Radio program, the money Pit Podcast at your Service, the money Pit newsletter. 10 00:00:41,200 --> 00:00:45,159 Wow. So many sources of info plus our listeners have questions. A 11 00:00:45,240 --> 00:00:50,240 lady named Sue wants to know of old paint expires. It depends on who 12 00:00:50,240 --> 00:00:53,759 you ask. With me. No, as long as it's not solid, 13 00:00:53,960 --> 00:00:58,960 I'll use it. Oh, but that may not be yours. So many 14 00:00:58,960 --> 00:01:00,920 of us have extra paint it from projects over the years. You know, 15 00:01:02,119 --> 00:01:06,599 and never go down till you never send it to me. Doug Stefan at 16 00:01:06,599 --> 00:01:10,719 Gmail. I'll take all old paint and use it around the farm anyway, 17 00:01:10,760 --> 00:01:12,920 go ahead else I do agree though. So here's the thing, thug. 18 00:01:12,959 --> 00:01:18,519 You have oil paint and then you have latex paint, and they neither of 19 00:01:18,560 --> 00:01:21,400 them. I think if you ask the manufacturers, they'd probably tell you somewhere 20 00:01:21,400 --> 00:01:25,640 in the area of five to ten years. But if you preserve that paint 21 00:01:25,680 --> 00:01:29,560 in the can it's not hard like you say, then it actually is actually 22 00:01:29,599 --> 00:01:32,719 nothing wrong with it. I've used old paint frequently. But the key is 23 00:01:32,760 --> 00:01:34,920 this, it's how you store it, right, So I'll give you a 24 00:01:34,959 --> 00:01:38,000 trick of the trade. When you put the paint back in the can. 25 00:01:38,040 --> 00:01:40,560 When you've done with the paint can, you've got to clean out that rim. 26 00:01:40,680 --> 00:01:42,760 If you don't clean out that rim of the paint can seal, it 27 00:01:42,879 --> 00:01:46,159 won't see it. Secondly, when you open it, and then you can't 28 00:01:46,200 --> 00:01:49,760 get it open when it hardens either. Right, Well, it's much harder. 29 00:01:49,840 --> 00:01:52,920 Yeah, when you open the paint can the first time, take a 30 00:01:52,920 --> 00:01:56,599 screwdriver and poke some holes in the bottom of that rim and helps it drain. 31 00:01:57,200 --> 00:01:59,680 A couple of taps all the way around. I put like four or 32 00:01:59,719 --> 00:02:01,599 five holes in the rim when I open it up. And then last year. 33 00:02:01,640 --> 00:02:05,079 That is the best trick. When you're closing all up, you clean 34 00:02:05,120 --> 00:02:10,000 the rim store the pink can upside down on the shelf because the paint will 35 00:02:10,000 --> 00:02:15,599 seal, will help seal any gaps that are in that rim. Eric on 36 00:02:15,680 --> 00:02:19,199 that rim turn upside down. It's not gonna get past it. Ingo, 37 00:02:19,680 --> 00:02:22,919 All right, aren't you glad you're listening to this program? Ladies and gentlemen 38 00:02:22,919 --> 00:02:27,680 who knew that? Even I, who have done home projects and farm projects 39 00:02:27,719 --> 00:02:32,280 and building projects around the clock around the year, I never knew that. 40 00:02:32,479 --> 00:02:36,120 So there we go. Thank you, Tommy. That's very good. All 41 00:02:36,199 --> 00:02:38,800 right, I'm going to tell you a quick story. This week. I 42 00:02:38,879 --> 00:02:44,759 had my insurance on my homes and buildings on the farm. I had it 43 00:02:44,800 --> 00:02:49,080 renewed. It's right little time, and so I had the agent come. 44 00:02:49,800 --> 00:02:52,879 I didn't ask her to, but she came and was looking at the house 45 00:02:52,919 --> 00:02:55,439 and looking at the barns and looking at all the outbuildings and stuff, and 46 00:02:55,840 --> 00:03:00,400 says she looked at how much I had them insured for under the old policy, 47 00:03:00,840 --> 00:03:05,039 And she said, do you realize what will happen if these buildings are 48 00:03:05,039 --> 00:03:07,319 destroyed? You're going to get wiped out because you don't have enough coverage. 49 00:03:07,439 --> 00:03:10,560 Now. At first I thought this was some insurance lady trying to sell me 50 00:03:10,919 --> 00:03:15,560 a bigger policy, right yeah, But then I looked into it, and 51 00:03:16,599 --> 00:03:21,199 it doesn't cost that much more. I don't like insured, I like vetting 52 00:03:21,199 --> 00:03:25,080 on myself, frankly, but I thought, in a practical sense, if 53 00:03:25,120 --> 00:03:29,400 I'm going to truly protect myself, it's only going to cost like a couple 54 00:03:29,479 --> 00:03:35,280 three hundred dollars more for hundreds and hundreds of thousands of dollars of better coverage. 55 00:03:35,560 --> 00:03:38,479 So we must get you must get questions about this all the time, 56 00:03:38,560 --> 00:03:43,599 right, So was it because the value was less or was it because it 57 00:03:43,719 --> 00:03:47,479 was not didn't have replacement costs? Both add to the policy. Yeah, 58 00:03:47,520 --> 00:03:50,759 okay, yep, So we should talk about that. So, I mean, 59 00:03:50,800 --> 00:03:53,520 you've got to you've got to insure for the current value of the property, 60 00:03:53,599 --> 00:03:57,960 number one. Secondly, you've got to add an addendum for replacement costs, 61 00:03:57,960 --> 00:04:00,439 which basically means whatever it cast to replace it, that's the amount of 62 00:04:00,439 --> 00:04:03,520 your coverage. And so if you don't have that, and you are certainly 63 00:04:04,280 --> 00:04:06,599 at risk. But I do think it's a good idea to do exactly what 64 00:04:06,639 --> 00:04:11,319 you did, Doug and Unfortunately, you found an agent that understood that, 65 00:04:11,400 --> 00:04:15,080 and a good agent could definitely save you money and to make sure you have 66 00:04:15,120 --> 00:04:17,920 the right policy. Well as we go around. This is one of the 67 00:04:17,920 --> 00:04:20,240 reasons I brought it up is because I saw the next episode of the money 68 00:04:20,279 --> 00:04:24,839 Pit podcast is all about this, and so I was thinking about my experience. 69 00:04:24,839 --> 00:04:27,959 At first, I resisted this because I thought she was doing just what 70 00:04:28,040 --> 00:04:30,879 you just said, let's let's get a little more money out of him and 71 00:04:30,920 --> 00:04:33,600 increase the policy. Well, you know what she did. She shifted coverage 72 00:04:33,639 --> 00:04:38,839 around for some of the automotive and the stuff on the farm, the tractors 73 00:04:38,839 --> 00:04:42,160 and equipment and stuff that I have. So she just shifted around. There 74 00:04:42,240 --> 00:04:45,560 was too much coverage if there's you know, you never hear an insurance agent 75 00:04:45,600 --> 00:04:48,879 say that, but there really was too much on certain things in the portfolio 76 00:04:48,920 --> 00:04:53,959 and not enough on others. So it ended up really not costing me any 77 00:04:53,959 --> 00:04:58,040 more money. Yeah, well you got better. Yeah right, exactly. 78 00:04:58,040 --> 00:05:00,920 So listen to this podcast money pit dot com Forward Slash podcast. You got 79 00:05:00,959 --> 00:05:06,920 a hot headline from the newsletter this week. Yeah, so talking about the 80 00:05:06,959 --> 00:05:12,439 insurance claims. We have a story in history called six tips for filing Homemo 81 00:05:12,879 --> 00:05:17,240 insurance claims on the website right now, so you've got all the details all 82 00:05:17,319 --> 00:05:23,800 right, So I check that out from moneypit dot com podcast. It's moneypit 83 00:05:23,920 --> 00:05:28,839 dot com slash podcast, moneypit dot com slash newsletter. Tom Kreidler here with 84 00:05:28,879 --> 00:05:31,439 the information that will help you as you get ready for your projects this weekend. 85 00:05:31,879 --> 00:05:36,079 The next Stefan Good Day download with Doug and Jay Kirshner is made possible 86 00:05:36,120 --> 00:05:40,639 in part by Keltren, which is the safe way for you to lose weight 87 00:05:40,759 --> 00:05:44,759 and keep it off, and also by Previlegent, keeping your brain healthy.