[MUSIC PLAYING] Brought to you by the EveryDollar app, start budgeting for free today. Well, I have a question. And I kind of wanted you guys to weigh in a little debate in our family. Oh, we love getting in the middle of debates. We love a debate. Yes. Well, this is going to be kind of a fun one. So my daughter is 22, and she just graduated from college with some student loan debt. And about a year ago, she was able to get on the presale and buy three tickets for her, my older daughter, and myself to go to a Taylor Swift concert in Indianapolis from in November. [LAUGHTER] Now, hold on, Jill. Jill, I need to warn you. Before you go any further in setting this question to debate up, I am sitting next to quite arguably one of the biggest Swifties I've ever met. So this-- I don't know if I'm the biggest. But I-- [INTERPOSING VOICES] OK. I don't know if I'm the right person. OK, keep going. Keep going. OK, so we had this back and forth over the phone as because she was trying to buy the tickets. And it's this fast, furious thing when you're trying to buy them at their actual sale date. In any way, she was able to get them. And we got them for like $209 a piece. Wow. Is that-- hold on a second. Hold on. Is that a good deal? That's a fabulous deal. Like, the resell-- I thought it was-- the resell on some-- I thought it was a total splurge. I thought that was such a splurge, you know? It is relative to the way you see money. People were spending thousands of resell. OK, $209 each. I'm just keeping score. Right. OK, keep going. All right. So-- and Rachel just said it, right? So now I'm seeing these resells. Oh, it's crazy. Oh, it's crazy. It's insane. Yeah. And so I told her, it's like, look. You know, we-- we're trying to-- Oh, no. We're going with this, Jill. You don't want that to pay down. Why don't you-- or do we sell those tickets? And we knock out so much-- you know, the practical mom comes out of me, right? Like, why don't we sell those tickets? And you can knock down so much of your student love that you'd be so far ahead. You know? And she says, absolutely, it's non-negotiable. It's a bucket list item. She's like, probably you, Rachel, a swifty. And this is, you know-- And a term money, right? Yes. And-- and-- oh, no. It was my money. Oh, OK. It was my money. I paid for them. But, you know, I mean, this is-- and for me too, I'm looking at, like, you know, she's iconic. I would love to go to her concert. And, you know, my daughter of all the people that she could take, she wants to take her sister and me. You know, I mean, that's great. It's going to be a fun thing. Oh, gosh. Rachel's heart is so raking. I'm-- look, so looking forward to this. OK, so hold on. All right, stop. Again, practical, mom. I know. I'm going to be practical. You ready? Here we go. Let's start breaking this down. OK. It's 209 times 3, OK? So I got $627 if my math is-- But if she resells on what was-- I'm like, no, no, no, no, no. We're not to resell yet. So you spent $627. What would your-- what would your take be? What, Rachel, now, walk us there? What do you think you can make on these tickets? OK, so I just, like, briefed it today before this fall. OK, good. And, like, OK, so we're in the 200 level of seats, right? You know, so good seats. Good. 600 level seats, like nose bleeder seats, just sold for, like, $2,000 a piece. 400 level, $3,000 a piece. And there are some 100 level that's just sold for $4,700 a ticket. So we're easily talking about $4,000 easy. 10-- yeah, 10-- I'm thinking, I think, would average up between-- $3, $4,000 a ticket. Easy. Yeah, a per ticket. I can get it. I can get it. And where would the money-- and so if we did that, and so we would be netting-- let's just-- let's go 3,500 a ticket to be modest. And so what are you looking at? 10, 5? 10 grand. 10, 5, and so you-- How much is the student loan debt? Yeah, what's it going to? 24. So her student loan debt is $24,000? Correct. And that's what you would want to put the money towards. Absolutely 100% of it would go to there. All right. And you initially invested $627. That is correct. And the only reason that you can net-- let's just call it 10. Let's call it shy of just shy of 10 grand-- is because you bought these tickets. Would you be putting $9,000 plus dollars towards her student loan if you hadn't bought these tickets? I would not. All right. I'm going somewhere. I think-- well, I don't care what anybody says. I wouldn't-- I wouldn't resell these tickets. [LAUGHTER] Are you shocked at his response? Yes, Jill, this is the Holy Spirit moving. No, no, let me tell you what. I'll have your eyes. Dare I say why? She wouldn't have put that money-- here's the deal, Jill. You weren't planning to cut a check for $9,500 to put on your daughter's student loan ever. I was not. So my whole point is-- It's just like a windfall, right? If $9,500 fell into my lap, I might do that. I get it, but this is your daughter? Yes, it is. And it's a once in a lifetime concert. Oh, yeah. I agree. You go, Jill. Go to the concert. I agree. Oh, you were just shocked at what I said or was that-- because I'm so thankful that we were together on the same team, that our opinions lined up. I thought you were going to be Scrooge. Tell Olivia, please tell Olivia that we're going to the concert. Oh, Olivia, you get to go to the Taylor Swift concert. And she has the new torture poets. She has her new album. She's a whole new sets, a whole new thing. Yeah, I will tell you this. And it's fan. I have a setlist playlist that I have. And Jill, it's fantastic. I've learned all these songs. I went to two. I went to the national one. And then I flew my husband out to Seattle with me to go to the other one. No, I'm kidding. Listen, it's really good. It's so fun. I just-- here's why I'm saying that. You weren't going to do this anyway. And I think your daughter said absolutely no way. And I think it creates an unnecessary tension. She's 22. She needs to pay the thing off herself anyway. There's a lot of reasons. I want our audience to know. I just think when I look at something like this, this is about the emotional, not the financial. And could you go to a Taylor Swift concert in the future? Yes, you could. But I think you're looking at this and you're going, oh my gosh. And who wouldn't consider the resale value? Believe me, I would be thinking about it. But when it comes down to it, I'll just say this. This is a personal anecdote. I'm no Swiftie. She doesn't particularly do anything for me at all. But I have a 15-year-old daughter. And when my wife and I were in Europe last year for our 20th anniversary, we got a text from Sweet Josie. And she had gotten invited the night before to Taylor Swift's concert at the Titans football stadium. And so we were like, of course you can go, have fun. It was a gift from her friends, dad, blah, blah, blah. All right, so we returned from Europe. And one of the first things I asked my daughter was tell me about that night. And to see her describe that night, and then I had a friend six weeks later who worked for Taylor Swift's merch company. It was a new friend. We had cigars. And I say, really, you worked for Taylor Swift? Blah, blah, blah, blah, blah. He goes, yeah, do you want some merch for your daughter? I was like, if you would make me dad of the year. He put a bag, and I mean giant bag of Taylor Swift merch. - Was it Aira's tour stuff? - The latest tour on my front porch. And here's the story. Thank you for the audience for giving me a little latitude. When I walked in my house, Kelly, and said, Josie, come downstairs. I got a surprise for you. And I told her the story. I didn't buy this. This is from a friend of mine. She got it, she cried when she began to open up hoodies, long-sleeve tees, t-shirts. And I said to myself, I don't get it, but I get it. So my advice here is everything will be all right if we just keep dancing like we're 22. Your daughter's 22? - She is. - It's perfect. - I don't know about you, but I don't feel-- - I had to pull the lyrics up. I cheated. - And she will not be down dead praying at the gym now. Sorry, we're going. (laughing) - Yeah, you know-- - This is what happens when Dave goes out of town. This is the show that we all needed, America. This is it. This is the segment we all needed. - Yeah, you know, you can't be grumpy grandpa Dave in this situation. - So much fun. - Jill, this is-- - So much fun. - Block it less. Make memories with your two daughters. - And then she needs to pay off that debt. - She needs to pay off the loan. - She needs to pay it off. - Create your free every-dollar budget today, the simplest way to budget for your life.
