Stocks Continue to Trade Higher, is This Rally Sustainable?

WEBVTT 1 00:00:00.160 --> 00:00:03.600 Good morning everybody. It's Sunday morning, eight o'clock and you know what time 2 00:00:03.640 --> 00:00:06.280 that means. It means it's money matters. With Dean Greenberg and the rest 3 00:00:06.280 --> 00:00:12.240 of the group at Greenberg Financial Group, we're going to talk today about the 4 00:00:12.279 --> 00:00:19.519 markets and all the influences that are making it go higher and maybe one of 5 00:00:19.559 --> 00:00:24.120 two things that can make it come down. But don't expect it just to 6 00:00:24.160 --> 00:00:27.760 turn over right away. I think there could be a little bit of a 7 00:00:27.760 --> 00:00:34.560 pullback, but I don't see any crashing coming any soon. The money's flowing 8 00:00:34.600 --> 00:00:39.159 in and it's getting tighter and tighter and tighter, and we're going to talk 9 00:00:39.200 --> 00:00:46.960 about a little bit the process of being able to reduce your risk. Mitigating 10 00:00:47.039 --> 00:00:52.159 risk in this market is so as important as making the money that you've been 11 00:00:52.159 --> 00:00:57.399 making. You know, and I know it's absolutely ridiculous that some of these 12 00:00:57.399 --> 00:01:07.040 stocks are up two hundred four in less than a year. We both knowledge 13 00:01:07.079 --> 00:01:11.560 these stocks that have gone so high need to be trimmed back. But greed 14 00:01:12.840 --> 00:01:21.799 gets involved. You forget yourrisk tolerance because you want to make more money. 15 00:01:22.280 --> 00:01:30.439 I'm here to tell you get grounded. Get grounded right now. You want 16 00:01:30.439 --> 00:01:34.519 to have some risk invested. Some markets are doing well. It's not broad 17 00:01:34.560 --> 00:01:40.239 based, people, it's not even close to being broad based. It's narrow. 18 00:01:42.040 --> 00:01:47.439 And I use this example all the time. You have a party at 19 00:01:47.439 --> 00:01:53.840 your house and one hundred and fifty two hundred people come by, and they 20 00:01:53.879 --> 00:02:01.079 all come through the front door, and it's very orderly. Two three fourths, 21 00:02:01.120 --> 00:02:06.599 maybe six seven at the time come through the front door. They disperse 22 00:02:06.680 --> 00:02:10.000 in the house, they disperse outside, They disperse for drinks and food and 23 00:02:10.439 --> 00:02:15.000 conversation. Now you got an average of one hundred and fifty two one hundred 24 00:02:15.000 --> 00:02:20.240 and seventy five people in the house having a good time. All of a 25 00:02:20.319 --> 00:02:27.039 sudden something happens and everybody has to leave at the same time. Can you 26 00:02:27.080 --> 00:02:30.159 all go come out of the house the same way you went in? No 27 00:02:30.280 --> 00:02:34.759 way. You go through the back door, you go out windows, you 28 00:02:34.800 --> 00:02:36.840 come through the front door, you go out the garage, you go on 29 00:02:36.879 --> 00:02:38.800 the side door. It doesn't matter. You're getting out of that house. 30 00:02:38.840 --> 00:02:40.919 If there was a fire in that house, you're getting out of it. 31 00:02:42.120 --> 00:02:46.400 And everyone's getting out whatever way. They can think about that as the stock 32 00:02:46.479 --> 00:02:54.039 market, and how much easier it is to leave that party when everything's going 33 00:02:54.120 --> 00:03:01.039 great and how difficult it is if something happens that you don't we don't expect 34 00:03:01.039 --> 00:03:05.879 it, and everybody has to get out at the same time. If that 35 00:03:05.919 --> 00:03:10.240 doesn't put it in perspective, then I don't know how to make you clearer 36 00:03:12.520 --> 00:03:16.680 that if you haven't been trimming, you gotta trim. If you've been trimming 37 00:03:16.719 --> 00:03:22.800 and things are still going up, trim a little more. If you were 38 00:03:22.919 --> 00:03:27.520 a seventy to thirty player meetings seventy percent and risk thirty percent, not reduce 39 00:03:27.560 --> 00:03:30.599 that to sixty. Whatever your risk talance was to begin, make sure you're 40 00:03:30.639 --> 00:03:36.199 ten ten percent lower on your risk tolerance right now. So if you're sixty, 41 00:03:36.240 --> 00:03:40.039 go to fifty now. If you're at fifty, you probably don't need 42 00:03:40.080 --> 00:03:44.039 to go to forty unless you're very nervous. You probably go to forty five 43 00:03:44.159 --> 00:03:47.319 or something. Raise cash, put it in the money market, wait for 44 00:03:47.360 --> 00:03:51.240 an opportunity. I don't know if it's happening now, and the markets could 45 00:03:51.240 --> 00:03:54.719 go higher and you'll still make money. But when you look at it, 46 00:03:55.719 --> 00:04:00.199 the dolls only up three and a half percent, The SMP is up nicely 47 00:04:00.280 --> 00:04:05.400 so far, seven percent, the nasdak's up seven percent, the rustle two 48 00:04:05.479 --> 00:04:11.039 thousand is only up one and a half, and the equal weighted S and 49 00:04:11.120 --> 00:04:15.519 P five hundreds up three less than half of what the S and P five 50 00:04:15.560 --> 00:04:19.480 hundred, which means, as you know, it's those tech stocks that continue 51 00:04:19.480 --> 00:04:26.199 to go higher with the money flowing into them because it's all momentum right now. 52 00:04:28.120 --> 00:04:30.959 Well, you know what happens when the momentum stops, it goes the 53 00:04:30.000 --> 00:04:36.720 other way. And if you in value, you're frustrated because you're only up 54 00:04:36.759 --> 00:04:42.279 to three percent on that party portfolio. And then you and if you're getting 55 00:04:42.560 --> 00:04:47.639 four percent five percent in bonds, it's up like a half a percent for 56 00:04:47.680 --> 00:04:54.079 the year so far. That's what you get. So what you have to 57 00:04:54.160 --> 00:05:02.560 do is realize that having money in the money market fun being patient is not 58 00:05:02.639 --> 00:05:09.360 a bad thing because we don't know when we're going to hit resistance. Now 59 00:05:09.600 --> 00:05:13.879 I can tell you this on a technical basis, we're right at midterm resistance 60 00:05:13.879 --> 00:05:18.759 at that fifty one. I can't and say it's so high now at the 61 00:05:19.199 --> 00:05:24.560 S and P five hundred, where we got to fifty one hundred and I 62 00:05:24.600 --> 00:05:30.560 think around twenty eight or thirty or something like that that my friends tells you 63 00:05:32.319 --> 00:05:36.279 we moved up way too quickly. Earnings were good in certain situations. The 64 00:05:36.360 --> 00:05:41.759 video was good and it made everything else go higher. And AI AI AI 65 00:05:42.480 --> 00:05:46.040 is all you hear about. Be careful, careful, careful when everyone's trying 66 00:05:46.079 --> 00:05:49.959 to sell your different AI stuff. All right, this show is brought to 67 00:05:49.959 --> 00:05:55.040 you by Greenberg Financial Group. Greenberg Financial Group, as you know, it's 68 00:05:55.079 --> 00:06:00.360 both a broker dealer and the rest is a registered investment advisor. Shall we 69 00:06:00.360 --> 00:06:03.639 talk about different products and different strategies. Everything has a strategy, Every strategy 70 00:06:03.639 --> 00:06:08.519 has risk. Every idea has risk. Every product has risk, Every idea, 71 00:06:08.800 --> 00:06:13.800 every conversation we have there is risk. Understand the risks, not only 72 00:06:13.839 --> 00:06:16.399 that we're talking about. Understand the risks that you're able to tolerate, and 73 00:06:16.439 --> 00:06:21.120 don't change them. Just because the markets don't go down. Don't get more 74 00:06:21.120 --> 00:06:26.519 fear, and just because the markets go up, don't make it get greedy. 75 00:06:26.639 --> 00:06:31.240 Keep where you are and adjust your allocations accordingly to a risk reward strategy. 76 00:06:32.360 --> 00:06:36.279 Understand how to mitigate risks. So many people don't understand the process of 77 00:06:36.360 --> 00:06:43.040 mitigating risk. That's how we manage the money. But we can't do it 78 00:06:43.079 --> 00:06:47.800 without a plan. We need an entire financial plan. To see the entire 79 00:06:47.920 --> 00:06:56.160 picture along with your risk tolerance, to understand how to manage your money for 80 00:06:56.240 --> 00:07:01.160 you, how much getting which do we need to do, how much fluctuation 81 00:07:01.279 --> 00:07:04.120 can you handle? What kind of stocks can you be in? What kind 82 00:07:04.160 --> 00:07:12.600 of a balanced portfolio can you be in? And believe me, we're not 83 00:07:12.720 --> 00:07:17.279 always right either, But the good news is we've been more right than wrong 84 00:07:17.319 --> 00:07:23.040 over this period of time. And of course I'd love to be one hundred 85 00:07:23.040 --> 00:07:31.399 percent invested in a video and Amazon and Microsoft and Apple, but we're not 86 00:07:32.639 --> 00:07:40.279 because I do know over the long haul that could be detrimental to a portfolio 87 00:07:40.319 --> 00:07:44.639 like it was in twenty twenty two when these stocks dropped three hundred points two 88 00:07:44.720 --> 00:07:48.600 hundred points, they all got down into the high nineties to the low one 89 00:07:48.680 --> 00:07:57.560 hundreds, and then they were all rallied. Don't forget those times. If 90 00:07:57.560 --> 00:08:01.920 you owned them, then if you bought the video at one hundred and fifty 91 00:08:01.920 --> 00:08:05.560 and now it's eight over eight hundred dollars and you haven't trimmed back, then 92 00:08:05.600 --> 00:08:15.360 you're greedy or you never put on a full position to begin with. Allocations 93 00:08:16.519 --> 00:08:24.079 are important. Rotation is important, Looking for opportunities is important. It wasn't 94 00:08:24.079 --> 00:08:30.839 too long ago. I had bought some Disney for some people, and I 95 00:08:30.879 --> 00:08:33.440 had one guy just always calling me, telling me that was the stupidest thing 96 00:08:33.480 --> 00:08:37.279 I ever did. He actually had a bet with me that when it was 97 00:08:37.320 --> 00:08:41.919 about eighty five eighty six, that it would be under eighty before it was 98 00:08:41.960 --> 00:08:50.519 over ninety. He's supposed to bring me pastrami. He never did, but 99 00:08:50.600 --> 00:08:56.960 I did win the bet. He just never gave me my pastrami. So 100 00:08:58.080 --> 00:09:03.720 at the end of the day, Disney at one eleven, I probably should 101 00:09:03.720 --> 00:09:09.759 get Tupe Strawmi sandwiches, but unfortunately he wanted out, so I got a 102 00:09:09.799 --> 00:09:20.519 bount And that's fine because again his risk tolerance was he didn't want to be 103 00:09:20.559 --> 00:09:26.960 in that stock. He didn't want it to be in that company. But 104 00:09:26.080 --> 00:09:31.879 what I'm telling you, just like Target and Disney and Raytheon and Boeing a 105 00:09:31.879 --> 00:09:35.960 few years ago, maybe even now, these stocks get hit. They're great 106 00:09:37.039 --> 00:09:43.519 companies. It takes time to turn around, but when they do there's a 107 00:09:43.559 --> 00:09:48.759 win. For Mirage is another one. I win, I mean win. 108 00:09:50.679 --> 00:09:54.519 That stack was getting so beat up from the pandemic and everything else. Now 109 00:09:54.600 --> 00:09:58.720 look where it is. Sure there's nobody betting there's nobody there. There's no 110 00:09:58.720 --> 00:10:03.879 rep and use that happens. But these companies work their sells through it. 111 00:10:03.600 --> 00:10:13.360 But you don't overly invest, you allocate and as we move forward, this 112 00:10:13.519 --> 00:10:28.399 process of planning is important. How are you planning for market downturn? That's 113 00:10:28.399 --> 00:10:33.639 why they have to ask yourself, how are you planning for that? Are 114 00:10:33.639 --> 00:10:35.840 you expecting to be able to hear the bell that goes off at the top 115 00:10:35.919 --> 00:10:43.960 and sell everything and move it into CDs. Let me tell you there is 116 00:10:43.039 --> 00:10:50.080 no bell doing this a long time. What happens is the market's fall three 117 00:10:50.200 --> 00:10:54.399 five percent. You think it's going to bounce back when it gets back to 118 00:10:54.440 --> 00:10:56.360 where you were at the highs, you're going to sell. Doesn't happen. 119 00:10:56.720 --> 00:11:01.000 It goes down seven percent, ten percent, twelve percent, and fifteen percent, 120 00:11:01.279 --> 00:11:01.919 and then you say, oh, I gotta get out, and then 121 00:11:01.919 --> 00:11:05.080 you'll happy because maybe it goes down twenty to twenty five percent, But then 122 00:11:05.120 --> 00:11:09.320 it turns on a dime and next thing you know, it's only down ten 123 00:11:09.320 --> 00:11:13.919 percent five percent, and then it's making new hives again. You can't tell 124 00:11:13.960 --> 00:11:18.399 me there's not people out there that thought though last year we're going to hit 125 00:11:18.399 --> 00:11:24.679 that recession that had to go to cash, especially after twenty two. Oh 126 00:11:24.679 --> 00:11:28.000 we'll just have a bouncer and then it's going to go down again. You 127 00:11:28.120 --> 00:11:33.919 miss opportunities by being too afraid. You miss opportunities because you're too greedy. 128 00:11:35.120 --> 00:11:39.000 You miss opportunities because you won't step up to the plate. And that's all 129 00:11:39.159 --> 00:11:46.080 fixed by having a plan that with a process on how to mitigate risk when 130 00:11:46.080 --> 00:11:50.600 the markets are higher, and how to be a dollar cost average buyer when 131 00:11:50.639 --> 00:11:56.720 the markets are getting annihilated. They go up and down. You have to 132 00:11:56.720 --> 00:12:00.919 know how much could be in that risk port part, how much you need 133 00:12:01.679 --> 00:12:07.320 for our income. This is all part of the plan, which we do 134 00:12:07.440 --> 00:12:13.480 a fantastic job at getting to know you your plan and put that financial plan 135 00:12:13.519 --> 00:12:20.360 together. There's so many advisors out there that say they do financial planning, 136 00:12:22.000 --> 00:12:24.840 but there's a few, only a few that actually do the financial planning, 137 00:12:26.600 --> 00:12:31.600 the advising, and the money management. The money management is key. You 138 00:12:31.639 --> 00:12:33.240 don't want to sit there and listen to people tell you, oh, just 139 00:12:33.279 --> 00:12:37.360 wait till it comes back, Just wait till it comes back, because even 140 00:12:37.480 --> 00:12:41.120 if you're doing that and it's up right now, you're stressed out a little 141 00:12:41.120 --> 00:12:46.960 bit because no one's because inside your gut you got that little red flag that 142 00:12:46.039 --> 00:12:50.039 says, you know, I know this is a little bit crazy. I 143 00:12:50.159 --> 00:12:54.240 know this has risen a little bit too fast. My experience tells me it 144 00:12:54.480 --> 00:12:58.039 probably could fall over a little bit. And all I am is one hundred 145 00:12:58.080 --> 00:13:01.720 percent invested. And if it goes down or they're gonna tell me is stick 146 00:13:01.759 --> 00:13:05.960 through it. You remember it one back up. But you also know when 147 00:13:05.960 --> 00:13:11.080 it's going down. That isn't what you want to hear because you don't know 148 00:13:11.080 --> 00:13:13.840 if it's coming back up. It's two or three years later in your life, 149 00:13:15.320 --> 00:13:20.840 you're closer to being older than you are younger. And it doesn't work 150 00:13:20.879 --> 00:13:26.360 that way because we're not just money managers. We're not just financial advisors. 151 00:13:26.360 --> 00:13:33.559 We're not just financial planners well financial therapists that try to help you figure out 152 00:13:33.679 --> 00:13:39.879 what your tolerance is as the markets go up and down and make sure the 153 00:13:39.919 --> 00:13:45.960 money that's at risk is not the money that you need in a short term 154 00:13:46.000 --> 00:13:54.759 period. That's how this works. Our team approach. We two a team 155 00:13:54.000 --> 00:14:01.879 approach that means the entire firm is working with you. That's how we work. 156 00:14:01.519 --> 00:14:07.559 We've including new partners estate planning with john Sibilia is law for them. 157 00:14:07.919 --> 00:14:13.279 In our office, it's helping so many people make sure they have the plan 158 00:14:13.440 --> 00:14:22.000 for after and our new partnership with the Johnson Brothers to do the accounting and 159 00:14:22.080 --> 00:14:31.240 tax accounting and helping businesses that we have to do tax strategies, incredible wealth 160 00:14:31.559 --> 00:14:37.559 for our clients. The partnership, the team, that's how it works. 161 00:14:37.679 --> 00:14:41.200 It's like these family offices. You hear that a lot, but they're usually 162 00:14:41.559 --> 00:14:46.759 held for the people with hundreds of millions and billions of dollars, and they 163 00:14:46.759 --> 00:14:50.799 have the whole team just working on their family and maybe a couple of families. 164 00:14:52.360 --> 00:14:54.440 But they have the tax accountants, they have their estate planners, they 165 00:14:54.440 --> 00:14:58.759 have the money managers, they have the financial advice all into one roof just 166 00:14:58.759 --> 00:15:03.399 work looking for them. Well, I've taken that whole attitude, that whole 167 00:15:03.440 --> 00:15:09.799 way of doing business, and we're working for many people with the same way. 168 00:15:09.879 --> 00:15:13.440 Giving you the ability to have those tax strategies, having you, the 169 00:15:13.519 --> 00:15:18.399 ability for the estate planning for you, the ability to be with us with 170 00:15:18.480 --> 00:15:24.679 the money management with tons of experience, and it all starts with the financial 171 00:15:24.679 --> 00:15:28.360 plan. I don't care if you got five hundred thousand or youve got thirty 172 00:15:28.399 --> 00:15:37.240 million dollars. It all works together. That's what you need. That's what 173 00:15:37.279 --> 00:15:39.919 I do, that's what everybody else does. We look at it, we 174 00:15:41.080 --> 00:15:48.200 mitigate it, and we get through this. Relieving stress is important. So 175 00:15:48.840 --> 00:15:52.960 switching subjects here a little bit. As you know, we love to talk 176 00:15:52.960 --> 00:16:00.639 about the markets and then the influence of the markets. A political scene right 177 00:16:00.679 --> 00:16:11.399 now is an absolute mess. We know that we don't know what's true. 178 00:16:11.399 --> 00:16:17.600 We don't know what's not true. You got to the next president and a 179 00:16:17.679 --> 00:16:19.480 president both going down to the border, and they both come away with different 180 00:16:19.480 --> 00:16:26.440 stuff. You have things that are going on all over the place. I 181 00:16:26.480 --> 00:16:30.440 know a lot of you heard about the NGOs with that, the hotel with 182 00:16:30.519 --> 00:16:33.080 no sign on it. You know where who's in there, Where's the money 183 00:16:33.080 --> 00:16:37.799 coming from? We don't know any of these things. But the one that 184 00:16:37.840 --> 00:16:45.480 got me the most is listening to the New York Meya the other day complaining 185 00:16:45.559 --> 00:16:51.000 because they have one hundred and seventy five thousand immigrants and they can't afford it. 186 00:16:51.080 --> 00:16:59.600 They need federal funding to help them. Really, if they're doing that, 187 00:16:59.639 --> 00:17:02.799 how much are we getting here in Arizona? How much is Texas getting 188 00:17:04.240 --> 00:17:08.400 because we're not Blue States. We're not going to get funded for all the 189 00:17:08.440 --> 00:17:17.359 stuff that we're spending here putting them, putting them up, feeding them. 190 00:17:17.440 --> 00:17:19.400 I like to know what the answer is there. I really would like to 191 00:17:19.440 --> 00:17:27.079 know the answer, because this immigration problem is not going away, and I'm 192 00:17:27.079 --> 00:17:33.200 tired of people just mouthing things out without telling us what a plan is. 193 00:17:34.400 --> 00:17:40.200 What is your plan, Biden? What is your plan? Trump? And 194 00:17:40.240 --> 00:17:42.599 it's not just shutting down the borders. That's where you start. Now what 195 00:17:42.599 --> 00:17:47.279 do you do afterwards? What do we do with the people that are here? 196 00:17:47.759 --> 00:17:51.079 How do we do with the bad people that are here? What do 197 00:17:51.119 --> 00:17:56.680 we do to educate the people out of here and make them something of society? 198 00:17:57.440 --> 00:18:03.640 We're supposed to be this American dream of why people come here, right, 199 00:18:04.960 --> 00:18:07.359 That's what it always used to be. You come to Ellis Island. 200 00:18:07.400 --> 00:18:11.240 It's the American dream. You work hard, you can start a company and 201 00:18:11.279 --> 00:18:18.839 you can make lots of money and feed your family and enjoy life. Now 202 00:18:18.880 --> 00:18:22.440 I listen to these people coming across the border getting interviewed, and they're talking 203 00:18:22.440 --> 00:18:26.880 about where's my job, where am I staying? Where's my free food? 204 00:18:26.279 --> 00:18:33.480 I need help? I want money. The attitude of the world has changed. 205 00:18:34.920 --> 00:18:38.400 And I don't know about you, but I'm not wanted them free loading 206 00:18:38.440 --> 00:18:42.319 on me. So where are we going to come up with a plan to 207 00:18:42.480 --> 00:18:48.000 make these illegal immigrants that are coming across the border illegally? If we're not 208 00:18:48.039 --> 00:18:51.559 going to send them back and if we're not going to stop the flow, 209 00:18:51.960 --> 00:18:55.920 what are we going to do? Where's the plan? I know why I 210 00:18:56.039 --> 00:18:59.000 have a plan doesn't matter. No one ever listens to me about it. 211 00:19:00.240 --> 00:19:06.000 But I know we got to assimilate them into being and understanding what America is 212 00:19:06.039 --> 00:19:10.119 about. I know we got to vet every single one of these people that 213 00:19:10.160 --> 00:19:14.119 are coming across. We need to get them educated, We need to find 214 00:19:14.119 --> 00:19:18.160 them jobs so they can feed themselves, they can pay taxes, and they 215 00:19:18.160 --> 00:19:22.440 can house themselves. And the only way I believe you do that as you 216 00:19:22.480 --> 00:19:29.000 shut down the border immediately and you let them come through the way they're supposed 217 00:19:29.000 --> 00:19:34.000 to do. And the way you do that is by having more people on 218 00:19:34.039 --> 00:19:44.240 the border able to process people coming through and keeping them there, put housing 219 00:19:44.279 --> 00:19:48.079 there, temporary housing, and temporary educational schools, and bring them across and 220 00:19:48.160 --> 00:19:56.799 make this a public a private partnership. You've heard me talk about this before. 221 00:19:57.519 --> 00:20:07.039 Get the big corporations and involved and bring them together with the people they're 222 00:20:07.039 --> 00:20:11.680 coming across. Now, housing there, I mean they don't have great housing. 223 00:20:11.839 --> 00:20:15.799 Put nice housing in there. Not not houses, I mean a lot. 224 00:20:15.839 --> 00:20:21.599 They're all coming from refugee camps and horrible situations. Put in like like 225 00:20:21.640 --> 00:20:27.759 we do for a military. Have have bases like that. Sleep on cots, 226 00:20:29.480 --> 00:20:33.759 give them food, give them education. I don't care if they are 227 00:20:33.880 --> 00:20:37.799 doctors, accountants, lawyers, whatever they are coming across. Let's educate them 228 00:20:38.200 --> 00:20:45.400 with the private sector. They have to speak English. And then guess what, 229 00:20:45.400 --> 00:20:51.200 Let the private sector use this as a job source so they can go 230 00:20:51.240 --> 00:20:56.720 ahead and hire from the people that are educating, agriculture, hospitality, whatever 231 00:20:56.759 --> 00:21:00.440 it is. Teach them the way you want it, and now you have 232 00:21:00.880 --> 00:21:08.720 the ability of a continual supply of labor because they need to go to work. 233 00:21:10.000 --> 00:21:14.440 Stop freeloading off of us. We have enough problems without helping our own 234 00:21:15.000 --> 00:21:18.599 in Chicago and LA and Baltimore and Atlanta. Do I have to keep moving 235 00:21:18.640 --> 00:21:26.000 on homeless all over the place. But yet we want to spend billions of 236 00:21:26.039 --> 00:21:30.119 dollars on people because we can't stop them from coming across the border. We 237 00:21:30.240 --> 00:21:33.240 got to work with our people first. We got to work with the homeless 238 00:21:33.240 --> 00:21:37.480 first. Then we got to put something together for everybody else. When that 239 00:21:37.640 --> 00:21:41.759 happens, you have a real plan, will there be changes? Of course, 240 00:21:41.839 --> 00:21:47.480 there were all right, But don't talk to me about debit cards because 241 00:21:47.480 --> 00:21:49.839 they need food and baby stuff. Don't talk to me about that until you 242 00:21:49.920 --> 00:22:00.240 have a plan to make America better. They don't even like America. They 243 00:22:00.279 --> 00:22:03.880 give us the finger, they beat up a police, they shoot people. 244 00:22:03.640 --> 00:22:07.279 Are you kidding me? And I know that's a small percentage, But if 245 00:22:07.279 --> 00:22:15.559 it's one, just one of your friends or relatives or family members, that 246 00:22:15.799 --> 00:22:19.559 is the one that gets abused or shot or killed, God forbid, your 247 00:22:19.599 --> 00:22:26.119 mind will change. Believe me, your mind will change. There's people in 248 00:22:26.200 --> 00:22:32.440 America that have come across from refugee camps and are legal. They passed the 249 00:22:32.559 --> 00:22:36.240 test, They've done the things they're supposed to do. Our Cubans have come 250 00:22:36.279 --> 00:22:40.680 across, Mexicans have come across. There's people from all over the world that 251 00:22:40.720 --> 00:22:44.640 have come and done the right thing. Why are we not letting these people 252 00:22:44.720 --> 00:22:49.279 do it? Answer that question to me of why we're supposed to pay for 253 00:22:49.359 --> 00:22:56.519 that they don't have an answer. They don't have an answer. Nobody has 254 00:22:56.559 --> 00:22:59.880 an answer. They say, well, it's political, and then they use 255 00:22:59.880 --> 00:23:02.640 it on the thing, and then Biden saying, come on, Trump, 256 00:23:02.880 --> 00:23:04.880 go ahead and tell everyone we need to do this and don't make it political. 257 00:23:07.000 --> 00:23:10.680 You made it political for three years by doing nothing, and you know 258 00:23:10.799 --> 00:23:12.759 you're falling in the polls and this is the biggest thing. So now you're 259 00:23:12.799 --> 00:23:21.000 turning it the other way, Biden. The people of America are the ones 260 00:23:21.039 --> 00:23:25.720 that keep getting hurt over and over and over again. We need to keep 261 00:23:25.759 --> 00:23:30.920 our economy going. And the problem we have right now with the economy is 262 00:23:30.000 --> 00:23:34.039 interest rates. And that's why they keep talking about loaning them. But they 263 00:23:34.039 --> 00:23:38.920 can't lower them without stimulating the economy and bringing back inflation because inflation is ruining 264 00:23:40.079 --> 00:23:45.079 the middle America and lower American incomes, real income is down. I don't 265 00:23:45.119 --> 00:23:51.200 care what you listen to, social media whatever, lower incomes down. Sure, 266 00:23:51.279 --> 00:23:53.000 interest rates used to be six seven percent on the average, right, 267 00:23:53.119 --> 00:23:59.160 but the homes were only one hundred and fifty two hundred thousand dollars a million 268 00:23:59.200 --> 00:24:02.839 dollar home in the night? Are you kidding me? I was outrageous. 269 00:24:03.920 --> 00:24:08.119 Now most people if you want some start at home. It's somewhere in the 270 00:24:08.160 --> 00:24:12.759 four or five hundred range, but illustrates a six and a half seven percent. 271 00:24:14.519 --> 00:24:18.039 That's a problem. Things we'll talk about on the show. I do 272 00:24:18.119 --> 00:24:21.519 appreciate you listening. This is Dean Greenberg. This is the Money Matter Show. 273 00:24:21.920 --> 00:24:26.440 We'll be right back. Welcome back, everybody. This is the Money 274 00:24:26.440 --> 00:24:30.000 Matter Show. We got Dylan, we got Todd, we got Dave the 275 00:24:30.079 --> 00:24:36.559 ev Man and myself. Yeah, and we got a really exciting event. 276 00:24:36.960 --> 00:24:38.440 We got a really exciting event coming up April. Second. You know a 277 00:24:38.440 --> 00:24:41.880 lot of people have been calling in lately about it because it's been a something 278 00:24:41.920 --> 00:24:45.559 that's really been of interest of people. Because first, what we know that's 279 00:24:45.559 --> 00:24:48.559 gonna happen this year is a big political election in November. So we're gonna 280 00:24:48.559 --> 00:24:52.000 be talking about that. The risk that be coming up with that because depending 281 00:24:52.000 --> 00:24:56.880 on what President gets in is going to dictate whether what happens with that twenty 282 00:24:56.960 --> 00:25:00.920 five ending of that tax Act that Trump put in. That tax Act could 283 00:25:00.960 --> 00:25:03.759 send the state tax down to six million, possibly even two millions. Some 284 00:25:03.799 --> 00:25:07.640 talks are about it. So John Stabilia from the Estate Edward Law Firm is 285 00:25:07.640 --> 00:25:11.519 going to be there talking about estate planning tips what you could be doing now, 286 00:25:11.759 --> 00:25:14.960 as well as the tax brackets could be increased by two percent. So 287 00:25:15.200 --> 00:25:18.400 the Johnson Group from the Tax Accounts are going to be there talking about tax 288 00:25:18.440 --> 00:25:22.559 strategies that you can implement now and some strategies as well as the Greenberg Financial 289 00:25:22.559 --> 00:25:26.400 Group's going to be there talking to you about the market outlook as we know 290 00:25:26.440 --> 00:25:29.519 this year has been crazy, giving you an idea of what to expect throughout 291 00:25:29.559 --> 00:25:32.319 the next The rest of this year is we know there's going to be a 292 00:25:32.359 --> 00:25:33.839 lot of volatility. And then lastly, we're also going to have J. 293 00:25:33.960 --> 00:25:40.359 C. Harris special guests speaking JT. Harris yep, And I'm looking forward 294 00:25:40.359 --> 00:25:44.000 to actually meeting him. You know, I listened to him a little bit. 295 00:25:44.039 --> 00:25:47.039 You know, change is top. I'm not going to deny that when 296 00:25:47.079 --> 00:25:49.799 we switch over from Garrett Lewis to him and now Garrets in the afternoon at 297 00:25:49.880 --> 00:25:53.839 least, but I mean you got to check, you got you gotta be 298 00:25:53.880 --> 00:25:59.440 flexible with change today. I mean no different than the markets and everything else. 299 00:25:59.480 --> 00:26:03.160 So he will be there, so if you want to get to meet 300 00:26:03.240 --> 00:26:06.240 him and talk to and see what he's all about, he's going to do 301 00:26:06.359 --> 00:26:10.000 a little talk on generational wealth. We're going to talk a little politics and 302 00:26:10.039 --> 00:26:12.720 the election and his input on that too, but it's mostly to kind of 303 00:26:12.720 --> 00:26:18.319 get to meet him up close and personal, so that you get lunch and 304 00:26:18.359 --> 00:26:21.000 you get all of us, and we're going to give you a lot of 305 00:26:21.000 --> 00:26:25.200 great information. So show up. It's called a roadmap to your financial success. 306 00:26:25.240 --> 00:26:26.200 So all you have to do is give us a call. Fight to 307 00:26:26.359 --> 00:26:30.319 zero five for four four nine zero nine will put you on the event. 308 00:26:30.400 --> 00:26:33.359 Right, You'll get a mobile ticket, instructions about the event to where you 309 00:26:33.359 --> 00:26:36.680 need to go, all that good stuff. So feel free to give us 310 00:26:36.680 --> 00:26:38.480 a call. We'll give you the rest. It's a real opportunity. I 311 00:26:38.519 --> 00:26:42.119 think it seems seems to me. It's a real opportunity for someone to get 312 00:26:42.119 --> 00:26:45.000 a lot of knowledge. And we're not gonna push you on a list and 313 00:26:45.039 --> 00:26:48.680 dog you and tell you if you finally give in. Right. You know, 314 00:26:48.759 --> 00:26:52.000 most people they're just watching Fox News or MSNBC or whatever it may be 315 00:26:52.119 --> 00:26:53.559 to get all their news. This is a place where you can actually get 316 00:26:53.559 --> 00:26:56.400 it from professionals that actually do it every single day, and not just TV 317 00:26:56.519 --> 00:27:00.000 pundits. Right, So the real news, right. I think it's probab 318 00:27:00.160 --> 00:27:03.240 the better experience than what people probably go through and try to give themselves the 319 00:27:03.240 --> 00:27:07.279 information of the world. Speaking of real news, I think the big headline 320 00:27:07.279 --> 00:27:12.559 for last week was the PCEE the Personal Consumption Expenditure Index. That's the Fed's 321 00:27:12.960 --> 00:27:18.640 favorite gauge of inflation, and of course the difference between CPI and the PCE. 322 00:27:18.039 --> 00:27:25.079 The CPI is what consumers spend. PCE is what everybody spends. And 323 00:27:25.119 --> 00:27:27.519 I think the best example of that is a hospital bill. Let's say one 324 00:27:27.599 --> 00:27:32.000 hundred thousand dollars hospital bill, and five grand of that is out of your 325 00:27:32.039 --> 00:27:37.480 pocket. Five grand goes into the CPI, the one hundred grand goes into 326 00:27:37.559 --> 00:27:41.799 the PCE. So it's actually what everybody spends on everything, and it is 327 00:27:41.799 --> 00:27:45.960 a better gauge. It was up four tenths of a percent in January, 328 00:27:45.680 --> 00:27:49.640 which to me is an annualized four point eight that's not spectacular, but it 329 00:27:49.680 --> 00:27:55.039 was in line and seemed to be happy with it, and it seemed to 330 00:27:55.119 --> 00:28:00.559 be relieved about it. It seems like investors also just don't care about these 331 00:28:00.640 --> 00:28:03.160 high PPI that CPIS that came out last week. The PCE, like you 332 00:28:03.160 --> 00:28:06.960 said it came in line, but it's also at a highest rate that it's 333 00:28:07.000 --> 00:28:10.559 been in over a year. So, you know, when do investors start 334 00:28:10.559 --> 00:28:15.839 to care about inflation. It's it's kind of interesting that the rates just you 335 00:28:15.880 --> 00:28:18.000 know, are going up, but it's not putting pressure on stocks. Well, 336 00:28:18.000 --> 00:28:22.920 in Dean's been talking about two of the components of inflation that are not 337 00:28:22.039 --> 00:28:27.359 going to go down our wages and housing. We just cannot get housing costs 338 00:28:27.599 --> 00:28:32.359 and that includes ramps to decline. It's just not going to happen. In 339 00:28:32.400 --> 00:28:34.720 wages, Dean, you've said, are never going to decline. That's not 340 00:28:34.759 --> 00:28:37.799 something that happened. Yeah, we were talking about housing earlier, and it 341 00:28:37.839 --> 00:28:41.960 was talking about how twenty years ago one hundred thousand dollars house is now three 342 00:28:42.079 --> 00:28:45.480 four hundred thousand dollars closer to four hundred thousand dollars, which is crazy in 343 00:28:45.519 --> 00:28:49.319 twenty years, how much it's all just exploded. But then' that's the case 344 00:28:49.359 --> 00:28:52.440 with the stock market to it always goes higher over time. Real estate always 345 00:28:52.480 --> 00:28:55.960 goes higher over time. You know, Dean, you were a big jump 346 00:28:56.000 --> 00:28:57.720 though, Yeah, well not as big a jump as the market. I 347 00:28:57.799 --> 00:29:03.880 was a broker when the now hit one thousand. You know, on the 348 00:29:03.880 --> 00:29:06.200 line with rates, Dean, you were talking about this earlier, about the 349 00:29:06.279 --> 00:29:10.400 normalized normalizing of rates, which you know so many people are talking about. 350 00:29:10.400 --> 00:29:14.559 But it's when you look historically we are kind of at normalized rates. But 351 00:29:14.680 --> 00:29:18.000 then what you also have to take a look at differently. Right, normalized 352 00:29:18.079 --> 00:29:25.279 rates is the rate that people can actually get a paycheck and pay all their 353 00:29:25.279 --> 00:29:27.759 bills, be able to save some money, and feel pretty good about what 354 00:29:27.759 --> 00:29:33.759 they're doing. We are nowhere there because we have inflation and rates are too 355 00:29:33.839 --> 00:29:37.680 high. Seven percent on a four or five hundred thousand dollars house there's a 356 00:29:37.680 --> 00:29:41.240 lot different than seven percent on one hundred and fifty two hundred thousand dollars house. 357 00:29:41.000 --> 00:29:45.119 So all that has gone up, and we're not making enough money to 358 00:29:45.119 --> 00:29:49.400 be able to pay for that. Our debt is one trillion dollars worth of 359 00:29:49.440 --> 00:29:52.920 interest, over one trillion dollars worth of interests that we have to pay each 360 00:29:53.000 --> 00:29:57.200 year. We cannot do that. That's why when Trump was in and we 361 00:29:57.279 --> 00:30:03.319 had low interest rates, the economy was still moving ahead because we were able 362 00:30:03.319 --> 00:30:07.119 to pay the debt and go ahead and use that extra money for other things 363 00:30:07.319 --> 00:30:11.519 and we didn't have inflation and wages were down, but we always said, 364 00:30:11.519 --> 00:30:15.400 when you started raising minimum wages, what would happen inflation? Sure, and 365 00:30:15.440 --> 00:30:19.400 that's where we're at. And people are more shaped today than they were before. 366 00:30:19.920 --> 00:30:22.720 So you know, we're talking about houses ave and you know the garage. 367 00:30:22.920 --> 00:30:26.119 I'm pressing that door that door button right now to open up the EV 368 00:30:26.240 --> 00:30:30.759 garage for you. Yeah, I don't have an EV garage today. I 369 00:30:30.759 --> 00:30:33.880 don't have I'm done with the EV garage. But we had a couple of 370 00:30:33.920 --> 00:30:37.039 things to update from last week about the price differentials between we did talk we'll 371 00:30:37.039 --> 00:30:41.880 get a housekeeping issue, right. We talked about that and about we wondered 372 00:30:41.400 --> 00:30:45.279 if the plug in hybrids were more expensive than the traditional hybrids. And what 373 00:30:45.319 --> 00:30:49.000 I found out is there five to fifteen thousand dollars more, depend upon the 374 00:30:49.000 --> 00:30:52.559 model. And it turns out that the of course, they're nowhere near in 375 00:30:52.640 --> 00:30:56.880 all electric vehicle in terms of cost, and that's because the biggest cost is 376 00:30:56.920 --> 00:31:03.240 the battery. Bigger the bat the more expensive the car. So pug and 377 00:31:03.279 --> 00:31:04.799 hybrids do cost a little bit more. Go ahead, read you a thing 378 00:31:04.839 --> 00:31:07.359 that you got off the social media that way that was pretty good. I 379 00:31:07.440 --> 00:31:11.000 thought it was pretty good. You know, mostly you know, I drive 380 00:31:11.039 --> 00:31:14.559 a Tesla, but I still thought this was pretty darn clever. It says, 381 00:31:14.599 --> 00:31:18.079 imagine we live in a world where all cars are evs, and then 382 00:31:18.119 --> 00:31:23.759 along comes this new invention, the internal combustion engine. Think how well they 383 00:31:23.759 --> 00:31:29.359 would sell so vehicle half the weight, half the price, with almost a 384 00:31:29.480 --> 00:31:33.440 quarter of the damage to the roads. A vehicle that can be refueled in 385 00:31:33.519 --> 00:31:37.160 one tenth of the time and has a range up to four times the distance 386 00:31:37.680 --> 00:31:41.960 in all weather conditions. Just think how excited people would be about this new 387 00:31:42.000 --> 00:31:45.319 technology. It would sell like hotcakes. I thought that was pretty clever, 388 00:31:45.799 --> 00:31:49.960 and that would sell like hotcakes. Speak about cars, though, Apple decided 389 00:31:49.960 --> 00:31:53.960 to scrap the Apple Car, right they don't want to. They spend ten 390 00:31:55.000 --> 00:31:56.559 billion dollars on it over the last ten years, and they just decided to 391 00:31:56.559 --> 00:32:00.319 scrap it. They're going to move that team. They're gonna keep most of 392 00:32:00.279 --> 00:32:01.920 the people, They're gonna get rid of a few. They're gonna move that 393 00:32:01.920 --> 00:32:07.359 teams to more AI focused, which makes sense because AI stuff. Apple and 394 00:32:07.480 --> 00:32:08.799 car just don't seem to go in the same sentence. To me. I 395 00:32:09.640 --> 00:32:14.720 can't imagine TV. But you know what I like about Apple. They're going 396 00:32:14.759 --> 00:32:16.960 to try everything, but when they can't be great at it, they stop. 397 00:32:17.519 --> 00:32:21.720 Yeah, they take the loss and they move on. One have enough 398 00:32:21.720 --> 00:32:23.759 money to do it right. They don't have to be right on every they 399 00:32:23.759 --> 00:32:28.079 don't have to be they much. It makes so much sense how they do 400 00:32:28.160 --> 00:32:30.400 it. One analyst said that if they want to be in the electric car 401 00:32:30.440 --> 00:32:35.920 business, they I'll just buy Rivian. There you go. Yeah, so 402 00:32:35.960 --> 00:32:42.119 they could buy the whole ev industry probably right now, don't mark my words. 403 00:32:42.240 --> 00:32:45.839 Apple will come back into the market when it's a little bit more developed 404 00:32:46.119 --> 00:32:51.720 with the driver a list car. What they're really pushing right now is their 405 00:32:51.759 --> 00:32:54.759 Apple Play technology in the cars, in the existing cars. That's what they're 406 00:32:54.759 --> 00:32:59.640 really pushing on making. It's kind of like taking over Serious XM if you 407 00:32:59.640 --> 00:33:02.200 think about it, right, because Serious XM was the thing that you would 408 00:33:02.200 --> 00:33:06.799 get with your car, and that's was how serious x I made. Apples 409 00:33:06.839 --> 00:33:07.880 kind of trying to take over that part. If you don't have an Apple 410 00:33:07.960 --> 00:33:14.359 phone, Apple Play doesn't work, well that's the idea. Yeahs of incentivized 411 00:33:14.440 --> 00:33:15.759 me to get the Apple phone, But I mean, now you don't even 412 00:33:15.799 --> 00:33:19.720 need a cord in some cars, it just connects Bluetooth and it goes straight 413 00:33:19.799 --> 00:33:21.799 to Apple Play. And that's what. Yeah, you're gonna need an Apple 414 00:33:21.799 --> 00:33:23.839 phone. But that's when I got my When I got my Testla, I 415 00:33:23.880 --> 00:33:29.279 was so disappointed that I couldn't get serious satellite radio because I've enjoyed listening to 416 00:33:29.319 --> 00:33:32.640 it. And you guys pointed out, hey, idiot, bluetooth, and 417 00:33:35.200 --> 00:33:38.039 and I went down and I punished the Bluetooth and it plays. My car 418 00:33:38.119 --> 00:33:43.079 will play anything that I put on my phone. It's just spectacular, right, 419 00:33:43.119 --> 00:33:45.839 I love it. I haven't used any of the technology that comes with 420 00:33:45.880 --> 00:33:51.519 the car for the radio. It all bluetooths through my phone. Down the 421 00:33:51.519 --> 00:33:52.680 world, someone's going to say, you know, today I feel like a 422 00:33:52.720 --> 00:33:59.039 car and I'm going to marry a Tesla. You know they I saw a 423 00:33:59.079 --> 00:34:04.759 report that didn't try. Nine to ten million apartments are sitting empty. Yeah, 424 00:34:04.880 --> 00:34:09.360 and and deposits on those apartments are gone. Nine to ten million people 425 00:34:09.360 --> 00:34:14.360 have put the pods down on new houses that are never going to be completed, 426 00:34:14.639 --> 00:34:17.920 and that money's gone, which is why their economy is in the toilet. 427 00:34:19.280 --> 00:34:22.719 Because all of almost all of their developers are bankrupting. Well, I 428 00:34:22.119 --> 00:34:25.800 talk about Chinese did you see that yesterday? Which well, okay, you 429 00:34:25.840 --> 00:34:30.559 can't just say that, bro. They stopped them at the Canadian border. 430 00:34:31.400 --> 00:34:37.239 Really, yes, isn't that weird? Yes? That Chinese Chinese people, 431 00:34:37.360 --> 00:34:40.760 okay, nationals trying to come into the United States. What is up with 432 00:34:40.840 --> 00:34:45.639 them? Thirty thousand of course, the border thirty thousand Southern over time, 433 00:34:45.800 --> 00:34:52.480 all over time, we have thirty thousand Chinese nationals in our country, which 434 00:34:52.519 --> 00:34:57.599 is a little scary because China doesn't let you leave and let's say, no 435 00:34:57.679 --> 00:35:00.119 where you're going, on what you're doing. True, but I thought most 436 00:35:00.119 --> 00:35:01.760 of them are going up through Mexico. They're coming through Canada. Now, 437 00:35:01.880 --> 00:35:06.039 No, those were found yesterday in Canada. That's what I'm trying to say. 438 00:35:06.079 --> 00:35:08.559 That's different than the ones coming through Mexico. But it is interesting why 439 00:35:08.719 --> 00:35:14.719 Chinese would be coming to the United States through the southern border in such numbers. 440 00:35:15.920 --> 00:35:20.039 It is odd. Yeah, but their economy is really struggling. It 441 00:35:20.079 --> 00:35:25.559 is over there because of the real estate got that they created. Yeah, 442 00:35:25.960 --> 00:35:30.239 they're gonna stay. They're gonna stay in an emerging market because of this whole 443 00:35:30.280 --> 00:35:32.519 thing. For sure. Well, there's certainly not a love being lost with 444 00:35:32.599 --> 00:35:36.760 she. He's not real popular right now, all right, we'll be right 445 00:35:36.800 --> 00:35:38.079 back. We got it on the second, and then we have a special 446 00:35:38.119 --> 00:35:43.760 guest coming up in the next hour, a feel good story. This is 447 00:35:43.800 --> 00:35:46.599 Dean Greenberg, this Money Matter Show. Thank you for listening. We're back. 448 00:35:47.199 --> 00:35:50.360 This is the Money Matter Show. This is Dean Greenberg. Thank you 449 00:35:50.400 --> 00:35:52.800 for listening. And remember if you miss any part. If you want some 450 00:35:52.880 --> 00:35:58.079 more, we're on iHeartRadio. It's a free app. I just put it 451 00:35:58.159 --> 00:36:00.920 on your phone and wherever you are in world, all you got to do 452 00:36:00.000 --> 00:36:04.880 is hit that app and you can hear us a show. We're on other 453 00:36:04.920 --> 00:36:08.119 apps too, I mean the Apple, iTunes, Spotify, literally any app 454 00:36:08.159 --> 00:36:13.480 you could probably think about on podcasts. At our website, yep, it's 455 00:36:13.480 --> 00:36:15.960 every by the way, you can also that's where you register. If you 456 00:36:16.000 --> 00:36:19.079 go to our website, it'll be a pop up. If you don't want 457 00:36:19.079 --> 00:36:22.079 to do it, just hit the acts and move on. But you can 458 00:36:22.159 --> 00:36:27.840 go ahead and register for our April second Greenberg Financial Group a roadmap to your 459 00:36:27.840 --> 00:36:30.920 financial success. So you got to do Greenberg Financial dot com. And also 460 00:36:30.960 --> 00:36:36.320 I want to just make a quick PSA announments about the federal employees. Potentially 461 00:36:36.400 --> 00:36:38.440 we're coming up on a government shutdown. Obviously, when that happens, federal 462 00:36:38.440 --> 00:36:42.119 employees could potentially face the time where they're not going to get a check if 463 00:36:42.119 --> 00:36:45.760 the government is truly shut down. So time to kind of save a little 464 00:36:45.760 --> 00:36:50.199 more than you probably have in the past right now, just to be safe, 465 00:36:50.679 --> 00:36:54.360 because potentially it does not looking good with the type of Johnson. The 466 00:36:54.400 --> 00:36:58.519 speaker right now is in a really tough place because if he does it what 467 00:36:58.559 --> 00:37:00.559 the Republicans want, the government gets down. But if he doesn't, he's 468 00:37:00.599 --> 00:37:04.760 going to lose his job. So you know, that's what McCarthy did. 469 00:37:04.800 --> 00:37:07.960 He did he adverted the governor shutdown, lost job for it. So what 470 00:37:08.000 --> 00:37:13.440 would be your advice for Johnson at this point? Well, first of all, 471 00:37:13.519 --> 00:37:16.000 I would tell him to go ahead and what he really believes, whether 472 00:37:16.039 --> 00:37:19.760 it means it's job or not. Okay, really, what do you believe? 473 00:37:19.800 --> 00:37:22.199 Because at least then when you walk away, you have integrity? Yeah, 474 00:37:22.280 --> 00:37:24.800 okay, we don't know. None of these guys have integrity. You 475 00:37:24.800 --> 00:37:29.320 don't know who's telling the truth or not. I have no problem if i 476 00:37:29.360 --> 00:37:32.840 think I'm right and doing something to say it and do it. People have 477 00:37:32.920 --> 00:37:36.960 problems with that because they want to try to stay in power. They want 478 00:37:37.000 --> 00:37:38.679 to try to do what most people are. Take a site, take a 479 00:37:38.719 --> 00:37:43.559 stance, and believe in it. And I don't understand why anybody thinks they 480 00:37:43.599 --> 00:37:45.880 have to have to be all right or left. That bugs me more than 481 00:37:45.880 --> 00:37:50.159 anything. And it's time for us to have a third party. And as 482 00:37:50.199 --> 00:37:54.559 you always say, term limits, I think the Independence registration is higher than 483 00:37:54.559 --> 00:37:58.920 either the Republicans or the Democrats at this point. So really, yes, 484 00:37:59.199 --> 00:38:02.639 I heard that on on the radio when I was hiking last week. That's 485 00:38:02.679 --> 00:38:06.880 really interesting. They're just waiting, they're just waiting in the wings for someone 486 00:38:06.920 --> 00:38:08.480 to pop up. But it ain't going to be this time, no thought. 487 00:38:08.559 --> 00:38:10.800 But even if you have someone that pops up, the problem with the 488 00:38:10.880 --> 00:38:14.840 Independence is you don't have money, right, It doesn't get out there enough, 489 00:38:15.000 --> 00:38:17.039 you know. I mean, honestly, should we have to go through 490 00:38:17.039 --> 00:38:22.559 that or should the media be able to expose everyone in anyone to be able 491 00:38:22.559 --> 00:38:25.280 to be president if they were true, if they were truly media, yeah, 492 00:38:25.599 --> 00:38:30.280 they're they're paid off by whoever. And then I was I was approached 493 00:38:30.719 --> 00:38:37.760 at Toumamaka La Saturday with a petition to allow independence to vote in the primaries. 494 00:38:37.239 --> 00:38:39.880 You know, that's one of the things you lose as an independent. 495 00:38:40.440 --> 00:38:45.440 I think that whole route miss the primary the democratic partmenty, I think they 496 00:38:45.440 --> 00:38:47.519 should. But you think independence should vote in the primary, you would have 497 00:38:47.519 --> 00:38:52.760 a Then what will happen is you'll have a much better idea of who the 498 00:38:52.920 --> 00:38:55.639 people want to be president. And the only reason they do that is so 499 00:38:55.840 --> 00:39:00.880 they can keep the two party system. That's the only reason that's that rule. 500 00:39:00.280 --> 00:39:05.840 The problem with that is that it's is the opportunity for corruption when you 501 00:39:06.159 --> 00:39:14.880 pushing tunity there's yeah, but independence voting in Republican primaries or Democrat primaries. 502 00:39:14.920 --> 00:39:17.159 They're not Republicans or Democrats, they're independents. So what's the difference. So 503 00:39:17.199 --> 00:39:21.639 how's that corruption? Yeah? No, in terms of of you, because 504 00:39:21.639 --> 00:39:23.159 they'll be voting for Nicki Haley because they don't want Trump. You could push 505 00:39:23.239 --> 00:39:27.360 that's what they want to push on candidate or another. It's called democracy. 506 00:39:27.519 --> 00:39:30.159 That's a corruption, Dave. Yeah, it sounds like corruption to me. 507 00:39:30.440 --> 00:39:35.719 I was freely voting corruption because it's Democrats voting for them. But here's the 508 00:39:35.760 --> 00:39:37.960 thing. You can only vote in one primary. Yeah, I mean you 509 00:39:37.000 --> 00:39:42.559 can't vote in both independent. Pick one primary and vote. Yeah. Oil 510 00:39:42.599 --> 00:39:45.320 prices up three to fifty last week, to eighty bucks. It's been a 511 00:39:45.320 --> 00:39:47.960 while since we've seen eighty bucks. That's November of last year? Is that 512 00:39:49.000 --> 00:39:52.920 four months? Gold up forty six bucks the twenty eighty five. That's only 513 00:39:52.920 --> 00:39:55.159 fifty bucks short of the all time high. And of course that was because 514 00:39:55.199 --> 00:39:59.519 the dollar came down, because the interest rates came down. Last week a 515 00:39:59.559 --> 00:40:01.800 little bit, apparently we start seeing a lot more commercials for buying gold. 516 00:40:02.039 --> 00:40:05.880 Oh yeah, oh yeah, go get through the h that's gonna be bitcoin 517 00:40:05.960 --> 00:40:09.159 too. Bitcoin has been going nuts two year high, up nineteen percent last 518 00:40:09.159 --> 00:40:15.039 week to a two year high. We thought todd when the ETFs were approved 519 00:40:15.400 --> 00:40:19.960 that that would create a demand for bitcoin, and just took a week. 520 00:40:20.159 --> 00:40:22.519 It took a week. For a week bitcoin tanked and then away it went. 521 00:40:23.079 --> 00:40:25.760 And I don't remember what it was. Was it down around thirty thousand 522 00:40:27.840 --> 00:40:29.960 bitcoin? Oh yeah, I went, it tanked. Yeah, we were 523 00:40:30.000 --> 00:40:32.920 down like thirty two or thirty thousand. Now it's fifty now it's sixty two 524 00:40:32.920 --> 00:40:37.119 thousand and five, sixty two five now, so doubled yeah, doubled in 525 00:40:37.280 --> 00:40:40.440 just a very short period of time. It moves like that. What can 526 00:40:40.519 --> 00:40:44.639 possibly go wrong with this? Well, i'll tell you cuss and talking about 527 00:40:44.639 --> 00:40:46.760 what these things are going on and doing stuff and advertising and marketing, right, 528 00:40:49.000 --> 00:40:51.239 you know, we talk about it a lot as part of a plan, 529 00:40:51.440 --> 00:40:55.440 annuities fit in different places. But when all you're hearing is an advertisement 530 00:40:55.519 --> 00:41:01.119 for an annuity with a bonus of twenty percent, all right, and then 531 00:41:01.280 --> 00:41:06.079 be able to do this, Yes they can do that. No one's saying 532 00:41:06.159 --> 00:41:08.400 no. But the commercials that I'm hearing, well, your advisor's going to 533 00:41:08.440 --> 00:41:13.079 tell you it's impossible. I'm here to tell you it's not impossible. But 534 00:41:13.239 --> 00:41:16.920 what they're not doing is explaining what that twenty percent is. What they're not 535 00:41:17.159 --> 00:41:22.599 explaining is what the ten percent is. They're not explaining that that's not your 536 00:41:22.760 --> 00:41:25.280 money. If you want to pull it out, you can't put in a 537 00:41:25.360 --> 00:41:30.039 million dollars and think that the next year you have a million two all right, 538 00:41:30.280 --> 00:41:34.320 because you got a twenty percent bonus. It's on income that you're able 539 00:41:34.360 --> 00:41:37.599 to produce. And no one explains that hard enough. And I'm tired of 540 00:41:37.760 --> 00:41:43.800 listening to advertisements that kind of put down other advisors or the brokeers, because 541 00:41:43.800 --> 00:41:45.960 they're like, actually, well they can't do that because they don't know what 542 00:41:45.000 --> 00:41:50.840 they're doing. It's not true. Most people know what they're doing. What's 543 00:41:50.880 --> 00:41:53.679 not going on is the explanation. And then there's two places, two people 544 00:41:53.760 --> 00:42:00.079 I hear out there that they claim that the reason people come to them of 545 00:42:00.159 --> 00:42:05.840 these things is because and why they're so good is because the majority of the 546 00:42:05.920 --> 00:42:10.400 clients that they get from other advisors. Okay, Well, if you're fifty, 547 00:42:10.519 --> 00:42:14.599 sixty, seventy, or eighty years old and you're talking to advisers, 548 00:42:14.840 --> 00:42:19.119 you're trying to find the one that you like because maybe your advisor's gotten old 549 00:42:19.159 --> 00:42:21.800 and he's gone out of the business and you've been switched over to someone else. 550 00:42:22.199 --> 00:42:24.760 But of course it's usually coming from someone If you're picking up a twenty 551 00:42:24.880 --> 00:42:30.599 or thirty or even a forty year old, you're not usually going they're not 552 00:42:30.639 --> 00:42:34.920 gonna have that much money unless they inherited something. Okay, most people, 553 00:42:35.719 --> 00:42:43.000 not most, I'll put it on the line. Every advisor broker gets clients 554 00:42:43.039 --> 00:42:47.039 from other advisors and broken most of their clients. Okay. For these two 555 00:42:47.079 --> 00:42:51.599 people to sit there, well, the reason we're great is because it's a 556 00:42:51.679 --> 00:42:55.280 testament that we get most of our clients from other advisors. We're no kidding, 557 00:42:57.360 --> 00:43:00.920 Okay, you know what I mean. I do not like the idea 558 00:43:00.360 --> 00:43:07.760 that people mislead, misdirect, you know, say stuff without really explaining it. 559 00:43:07.840 --> 00:43:09.280 And you know in the SEC is so worried about so much stuff, 560 00:43:09.719 --> 00:43:15.480 but they let that stuff out there. Now we're down talk about annudities and 561 00:43:15.519 --> 00:43:17.400 where they fit and why they don't. I'll give some people could Hey, 562 00:43:17.440 --> 00:43:20.599 here's the dudes in the don'ts give us a call. We'll do this. 563 00:43:21.000 --> 00:43:22.840 We'll send it to you. Who knows what they say? Anyone that's just 564 00:43:22.960 --> 00:43:27.760 selling annuities and getting this what do they get up front? Seven eight percent? 565 00:43:28.039 --> 00:43:30.960 Yeah, it can be okay because we see you see, I see 566 00:43:31.039 --> 00:43:37.079 we all see people call us, Oh I bought in five million dollars. 567 00:43:37.440 --> 00:43:42.480 The guy made a million dollars just selling annuities last year. Well, of 568 00:43:42.599 --> 00:43:45.199 course you don't have to do very many yourself. Twenty million dollars worth of 569 00:43:45.199 --> 00:43:49.519 annuities. What is that? That's a million and four? Yeah, Well 570 00:43:49.519 --> 00:43:52.960 I can tell you right now. There's a nudy that came out as company 571 00:43:52.159 --> 00:43:55.719 sent me to information saying, Hey, this nudy new product we're just coming 572 00:43:55.719 --> 00:43:59.519 out with it. It's gonna give you a fourteen percent bonus guaranteed in the 573 00:43:59.559 --> 00:44:02.000 first year, and your commission payout for this annuity would be seven percent. 574 00:44:02.480 --> 00:44:06.320 It means if I do it a million dollar annuity and I do a straight 575 00:44:06.400 --> 00:44:09.719 up Radditt commission, you get seventy thousand dollars and you never have to really 576 00:44:09.800 --> 00:44:12.800 talk to the client again. They do three of those a year, and 577 00:44:12.840 --> 00:44:14.800 you're doing okay, and you're doing okay. And so it's like when you 578 00:44:14.920 --> 00:44:17.480 when clients realize the amount of money that these advisors are getting off these nudies, 579 00:44:17.519 --> 00:44:21.360 and why is that? Yeah, you get a fourteen percent guaranteed return, 580 00:44:21.679 --> 00:44:23.880 but we're probably talking about a ten, twelve, fourteen years surrender schedule. 581 00:44:24.199 --> 00:44:28.159 Real example, you're not gonna get that money for a while. Real, 582 00:44:28.199 --> 00:44:30.400 even if it's real. I'm sorry, Toudge. Really, For example, 583 00:44:30.480 --> 00:44:32.639 Todd and I were dealing with last week. Gal has three hundred thousand 584 00:44:32.679 --> 00:44:37.960 dollars in a husband's pension plan he passes away. She needs income, period, 585 00:44:37.079 --> 00:44:40.440 it doesn't really matter. We looked at two different companies. One of 586 00:44:40.480 --> 00:44:45.079 them had a thirty percent bonus, one of them didn't, and guess what, 587 00:44:45.199 --> 00:44:49.280 the one that didn't have the bonus actually paid her more per month. 588 00:44:50.360 --> 00:44:53.199 Yeah. I mean when you really get into the weeds of the calculations, 589 00:44:53.320 --> 00:44:57.599 you can And that's why you know, what we do is we don't try 590 00:44:57.639 --> 00:45:00.800 to actually say that we know the best. We use it third party that 591 00:45:00.960 --> 00:45:05.280 shops and does all those calculations for us and tells us what the first year 592 00:45:05.360 --> 00:45:07.760 benefit's going to be. And that's what we need to know, right. 593 00:45:07.880 --> 00:45:09.679 We don't need to know all the gimmicks, all the marketing tools, how 594 00:45:09.719 --> 00:45:13.159 to sell it the best. I don't care about that. I care about 595 00:45:13.199 --> 00:45:15.800 what does the product actually do and how does it fit within the plant? 596 00:45:15.039 --> 00:45:19.159 Sure, and it's different for every different for every person. Different For our 597 00:45:19.519 --> 00:45:22.880 company, it's just a case where there was a thirty percent bonus offered and 598 00:45:22.960 --> 00:45:27.239 they didn't do as well as the one that had no bonus in terms of 599 00:45:27.360 --> 00:45:31.199 monthly income for the rest of your life. That makes no sense if you're 600 00:45:31.199 --> 00:45:35.000 going to get the thirty percent bonus, right, well, they I know 601 00:45:35.760 --> 00:45:40.800 it's there's places and times for everything. Just explain it. Just don't market 602 00:45:40.840 --> 00:45:45.000 it to make people phone go because then they always a like I don't understand 603 00:45:45.079 --> 00:45:47.559 what happened then, and then they're then they're locked in for fifteen US. 604 00:45:47.599 --> 00:45:51.320 I always tell a lot of people are skeptical about a Newdies too, because 605 00:45:51.360 --> 00:45:52.920 I hear horror stories like that. And if you end up needing money, 606 00:45:52.920 --> 00:45:55.039 I mean, the most you can take out is ten percent, right, 607 00:45:55.159 --> 00:45:58.159 penalty free. Otherwise, if you've got to take out all of it, 608 00:45:58.519 --> 00:46:00.079 you're going to lose a lot of it. And if all you're selling is 609 00:46:00.119 --> 00:46:06.360 annuities, you're not gonna have other ideas for them. You're gonna sell them 610 00:46:06.360 --> 00:46:08.519 annuities, right, and then then in the perfect world, you don't talk 611 00:46:08.519 --> 00:46:10.239 to him again in the rest of your life, right, Yeah. I 612 00:46:10.320 --> 00:46:15.760 mean, if someone's really considering annuity, the only reason should be, like, 613 00:46:15.880 --> 00:46:20.400 you're okay with sacrificing returns for the word guarantee. If you're interested in 614 00:46:20.480 --> 00:46:22.679 annuities, make sure it fits in with your plan. If you don't have 615 00:46:22.719 --> 00:46:24.360 a plan, get the damn plan. I mean, it's not simple. 616 00:46:24.440 --> 00:46:28.239 Pretty much. We find out then you figure out if it fits or not. 617 00:46:28.400 --> 00:46:30.880 We find more often than not that people don't need annuities when they think 618 00:46:30.880 --> 00:46:32.960 they do. Because they're just kind of nervous. But then we explain what's 619 00:46:32.960 --> 00:46:37.159 going on the whole holistic plan picture, and they're like, oh, yeah, 620 00:46:37.159 --> 00:46:38.199 I really don't want anewity because I don't want to lock my money up. 621 00:46:38.880 --> 00:46:42.880 Right, somebody told them you ought to look at an annuity something like 622 00:46:42.960 --> 00:46:45.920 that. Yeah, sometimes people do need it because there is that income gap 623 00:46:45.079 --> 00:46:49.800 or in retirement, and that's what's really beneficial. All right, So coming 624 00:46:49.880 --> 00:46:54.239 up in the next segment after the top of the hour, I have a 625 00:46:54.320 --> 00:46:59.840 guest on that I want to introduce to everybody. He is someone I met 626 00:47:00.079 --> 00:47:06.199 from a refugee camp in Africa. I want you to hear his story because 627 00:47:06.239 --> 00:47:08.559 you hear all these other people with their hands out wanting stuff and everything else. 628 00:47:09.400 --> 00:47:15.199 This is a feel good story and there's one you want to hear because 629 00:47:15.239 --> 00:47:20.920 it's a real live situation of how people that come to America with a dream 630 00:47:21.599 --> 00:47:24.880 can get your dream accomplished if they do the right things, and it all 631 00:47:25.000 --> 00:47:30.239 starts with education. Stay tuned, we'll be right back. I hope you 632 00:47:30.400 --> 00:47:34.400 enjoying the show. Welcome back, everybody. This is Dean Greenberg. This 633 00:47:34.480 --> 00:47:37.039 is the Money Matter show I got David Dylan and Todd here, and as 634 00:47:37.079 --> 00:47:40.880 I told you, we have a special guest a little background. Most of 635 00:47:40.880 --> 00:47:45.199 you guys know, I have been coaching for a long time and I've been 636 00:47:45.239 --> 00:47:51.760 coaching football at Tucson HAI, and it's been a lot of fun. I 637 00:47:51.920 --> 00:47:55.440 coach, though obviously not just to teach football and things to people, but 638 00:47:55.639 --> 00:48:00.239 leadership and how to be successful life, the things you got to do. 639 00:48:01.119 --> 00:48:07.159 And when I got to Tucson HI, there was a kid there that stood 640 00:48:07.159 --> 00:48:09.400 out to be a leader at right away. And got talking to him, 641 00:48:09.519 --> 00:48:15.679 and then he told me his background, his story, and basically he came 642 00:48:15.719 --> 00:48:21.440 in over here from a refugee camp in Africa with his family, big family. 643 00:48:21.880 --> 00:48:24.880 I'll let you tell He'll tell you most of that story and what they 644 00:48:24.960 --> 00:48:31.159 did to come here and be And then he came to Tucson High played football. 645 00:48:31.599 --> 00:48:35.880 Family was against him playing football, and I talked to him about what 646 00:48:35.920 --> 00:48:37.880 he wants to do, and he said, well, I want I'm going 647 00:48:37.920 --> 00:48:42.199 to go get a scholarship at Ohio State. So at that time, I 648 00:48:43.000 --> 00:48:45.800 as straight and honest, and he probably got upset with me. I said, 649 00:48:45.800 --> 00:48:49.000 if you were going to go to Ohio State, you already would have 650 00:48:49.039 --> 00:48:52.000 been talking to them, and they would have already been offering you. I 651 00:48:52.079 --> 00:48:54.440 said, but I said, what is your GPA your great point average? 652 00:48:55.000 --> 00:48:59.079 And he said three point eighty five. I said, I promise you, 653 00:48:59.760 --> 00:49:02.360 if you do the right things and you're the person I think you are at 654 00:49:02.400 --> 00:49:06.519 the end of the season, I will get you a scholarship to a D 655 00:49:06.719 --> 00:49:09.360 three type of school with a great education, and they will pay for you. 656 00:49:10.679 --> 00:49:15.079 He trusted me, And I'll let you know what happened and how we 657 00:49:15.159 --> 00:49:17.599 got to that point. But good morning the prince. Good morning. So 658 00:49:17.679 --> 00:49:22.679 what's your full name? Prince? My name is Prince Alpha Mugisha. What 659 00:49:23.079 --> 00:49:30.199 does that mean something in African Yes, Prince obviously as Prince Alpha as a 660 00:49:30.400 --> 00:49:36.480 man who stands above everybody else, a leader and Mugisha. I think my 661 00:49:36.639 --> 00:49:42.760 mom made up that one. So yeah, so let's talk about you growing 662 00:49:42.880 --> 00:49:46.960 up. Where were you born? I was born in Rotrudeau, Congo and 663 00:49:47.599 --> 00:49:53.639 two thousand and five and North Africa is that it was in Congo Republican Congo, 664 00:49:53.679 --> 00:49:58.480 I'm pretty sure. And you know, we were refugees over there, 665 00:49:59.519 --> 00:50:02.280 came we're moving around a lot, and we can't. We went to Zimbabwe 666 00:50:02.519 --> 00:50:07.679 and that's how we ended up here. Okay, so most people here refugees. 667 00:50:08.679 --> 00:50:12.360 We have no idea what it's like to live on a refugee camp. 668 00:50:12.400 --> 00:50:15.079 How how long were you there and why were you there? Let's start that. 669 00:50:15.400 --> 00:50:19.480 Why was your family at a refugee camp when you were you don't have 670 00:50:19.559 --> 00:50:22.880 a lot of money, you don't get choice, a lot of choices to 671 00:50:22.960 --> 00:50:27.000 make, you know. And when we were there, we just my dad 672 00:50:27.119 --> 00:50:32.599 wasn't home a lot because he was busy traveling. And uh, he was 673 00:50:32.960 --> 00:50:37.880 traveling like he was, he was he was trying to make money so that 674 00:50:37.000 --> 00:50:40.880 we can't have enough money to support our family, support the houses and all 675 00:50:40.960 --> 00:50:45.599 that stuff. Like we think of traveling back of suitcase. We go to 676 00:50:45.639 --> 00:50:49.440 Europe or go to Italy. What is your traveling? And like in Africa, 677 00:50:49.639 --> 00:50:52.239 it was not pleasant refugee camp. No, no, it was not 678 00:50:52.360 --> 00:50:57.480 pleasant. It was more so he had a job and the job was just 679 00:50:57.639 --> 00:51:01.679 to go around, to drive around places just to get in America. Not 680 00:51:01.920 --> 00:51:06.400 it wasn't really it's not really uber driving, but it was. It's basically 681 00:51:06.599 --> 00:51:08.599 like that. And he would just give people some foods and all that and 682 00:51:08.719 --> 00:51:13.039 he would get money off of that. And we'll only see him on Sundays 683 00:51:13.159 --> 00:51:16.800 every time we go to church. So yeah, that's that was what's going 684 00:51:16.840 --> 00:51:21.880 on with him. So there was a church in a refugee camp. Yeah, 685 00:51:22.039 --> 00:51:25.079 there was a community church where would all everybody would go to and you 686 00:51:25.119 --> 00:51:28.840 know, it was a lot of fun. Everybody was there. Everybody had 687 00:51:28.840 --> 00:51:32.039 the same struggles and all we were thinking about over there is just how we 688 00:51:32.159 --> 00:51:36.760 can better ourselves and just to have faith and just you know, live by 689 00:51:36.840 --> 00:51:40.679 God and continue uh loving our Lord and Savior. You know that's great. 690 00:51:40.719 --> 00:51:45.639 Man. So let me ask you this. I think of refugee camps. 691 00:51:47.039 --> 00:51:53.199 You got like half one tense. What is the structure of a refugee camp 692 00:51:53.360 --> 00:52:00.199 like? And whether did you ever get like invaded by I guess what do 693 00:52:00.239 --> 00:52:04.119 they call them? The bad people? Yeah? Yeah, okay, So 694 00:52:05.239 --> 00:52:09.000 from when I was a kid, what I remember was, uh, we 695 00:52:09.079 --> 00:52:14.400 didn't really have a lot of food a lot most of the times. But 696 00:52:15.760 --> 00:52:19.199 the moms that were over there at the refugee camp would try and go and 697 00:52:19.639 --> 00:52:22.239 pick up some crops and just try and feed the children. But most days 698 00:52:22.280 --> 00:52:28.239 we didn't really have food. The showers, our parents had a shower as 699 00:52:28.360 --> 00:52:31.519 we were in like a big bucket. It was the buckets where that you 700 00:52:31.679 --> 00:52:35.880 also used to like wash clothes as well. They put the kid in the 701 00:52:35.960 --> 00:52:37.559 bucket and you just wash it. I would always be embarrassed with my mom 702 00:52:37.719 --> 00:52:44.679 watches me from everybody. You know. I was scared how old I was. 703 00:52:44.840 --> 00:52:46.880 I was a good eight seven years old. You know. It was 704 00:52:47.119 --> 00:52:50.960 too bad, Yeah, I guess, you know, but I was still 705 00:52:51.079 --> 00:52:57.440 conscious and I was kind of you know, in the houses that we would 706 00:52:57.480 --> 00:53:01.440 have, it wasn't really it was just because we had a big family, 707 00:53:02.119 --> 00:53:08.159 right of eight. We everybody eight kids or six kids and two parents, 708 00:53:08.559 --> 00:53:15.079 six kids and two parents, and because of that, everybody all just had 709 00:53:15.119 --> 00:53:16.599 a cramp up. We were sleeping in the living room, you know, 710 00:53:16.679 --> 00:53:22.119 and the living room was also the kitchen, and the kitchen was also house. 711 00:53:22.320 --> 00:53:23.639 It was no, it was not an actual house. It was kind 712 00:53:23.679 --> 00:53:28.559 of like a hut that you would be in and you know, a lot 713 00:53:28.599 --> 00:53:32.239 of kids. So they had an open floor plan. Yes, so so 714 00:53:34.239 --> 00:53:37.400 I don't know what that means. I'm not gonna lie. It means just 715 00:53:37.519 --> 00:53:40.519 now real walls and the living room in the kitchen and the bedrooms you're kind 716 00:53:40.519 --> 00:53:44.679 of just like they're all open. And yes, I've said it separate by 717 00:53:44.800 --> 00:53:49.559 like furniture or whatever. Yeah, basically right. Yeah, So the kids 718 00:53:49.639 --> 00:53:52.039 over there, us kids like they were in the backyard, as you say. 719 00:53:52.239 --> 00:53:55.480 There was a big corn field and there was a well in the in 720 00:53:55.559 --> 00:54:00.480 the middle of it. And whenever my mom or my dad I would ask 721 00:54:00.599 --> 00:54:04.119 to go for me to get some water, I'll just take the bucket and 722 00:54:04.159 --> 00:54:07.159 then just get and just get it in the well and then just come back, 723 00:54:07.559 --> 00:54:09.960 maybe get some corner and all that. Sometimes we would play around just 724 00:54:10.440 --> 00:54:15.000 you know, just have some fun time, but it wasn't really that fun. 725 00:54:15.920 --> 00:54:22.719 Educated. We we did have schools, but it was different from here, 726 00:54:22.960 --> 00:54:25.440 you know, because the school was outside and we would be sitting like 727 00:54:25.559 --> 00:54:29.559 on rocks, and the teacher would just teach us stuff. But what were 728 00:54:29.559 --> 00:54:35.000 you learning? What kind of subjects? Only math? Actually the English part 729 00:54:35.159 --> 00:54:38.039 was just learning to teach us how to speak English. But it was just 730 00:54:38.440 --> 00:54:44.320 math, and I was I'm not very good at that, so I was 731 00:54:44.360 --> 00:54:46.480 also struggling that. But before we had to come here, we had to 732 00:54:46.639 --> 00:54:51.199 learn English, and the teachers would teach us that, and you know, 733 00:54:52.119 --> 00:54:54.760 that's that was that was not a fun moment. Who said you had to 734 00:54:54.880 --> 00:54:59.719 learn English. That's interesting. I honestly, I don't know. I just 735 00:54:59.800 --> 00:55:01.480 heard my parents. My mom was the one who told me that we need 736 00:55:01.559 --> 00:55:05.559 to learn English, and they were in the camp. After school, we 737 00:55:05.599 --> 00:55:09.039 would also go to this place where we would study more English and they would 738 00:55:09.079 --> 00:55:13.960 just teach us like like a proper English and how to. And that's how 739 00:55:14.039 --> 00:55:16.199 my accent kind of got got rid of because I was really trying to learn 740 00:55:16.280 --> 00:55:20.159 it because I was like pushed to learn it. And better you are, 741 00:55:20.360 --> 00:55:23.320 the more like chances you get to come over here and live the American dream. 742 00:55:23.400 --> 00:55:27.679 So that was that the whole idea, for instance, that if you 743 00:55:28.280 --> 00:55:30.960 learn English and become proficient at English, you would have a better chance of 744 00:55:31.280 --> 00:55:36.599 getting admitted to the United States. That that's how I understood it. And 745 00:55:36.760 --> 00:55:43.440 that also because they needed a translator, my parents. So if because they 746 00:55:43.599 --> 00:55:46.960 when we come here, when we came here a lot, I would I 747 00:55:47.000 --> 00:55:52.920 would usually talk to the bigger folks because you know, my parents also didn't 748 00:55:52.920 --> 00:55:55.519 really know English that much, especially my mom, so I would be the 749 00:55:55.599 --> 00:56:00.440 translator. And you know, they just wanted they didn't really want to learn 750 00:56:00.480 --> 00:56:02.280 English. That was that the conversation of your family that we're going to go 751 00:56:02.320 --> 00:56:07.599 to America someday. Only only my older brother, my older sister, and 752 00:56:07.679 --> 00:56:14.840 myself knew, honestly. And what we were told is because there was a 753 00:56:15.079 --> 00:56:19.880 whole conflict going around at that time. Uh, we were told that we 754 00:56:20.039 --> 00:56:24.400 needed to get out of here. And they the community also helped us a 755 00:56:24.480 --> 00:56:30.559 lot because we were very well respected because of my parents, and you know, 756 00:56:30.719 --> 00:56:35.719 everybody helped us. We They did their best to try and to get 757 00:56:35.800 --> 00:56:37.039 us in schools. You know, they did our best to try and get 758 00:56:37.119 --> 00:56:42.119 us to like to come here. Then my parents had an interview and they 759 00:56:42.239 --> 00:56:45.760 chose Tucson and we ended up. How many people were in your refugee camp 760 00:56:49.800 --> 00:56:53.719 kind of hard to say, honestly, though, right, yeah, they 761 00:56:53.880 --> 00:56:59.440 know now all of them came. It was kind of like a back and 762 00:56:59.519 --> 00:57:05.239 forth top thing. There was this family that we're very close with, family 763 00:57:05.320 --> 00:57:08.360 friends that came here before us, and they were really yes, from the 764 00:57:08.440 --> 00:57:14.920 same village, and they kind of helped us on the outside in America to 765 00:57:15.039 --> 00:57:17.840 come like come here, make us have connections. That's how when we came 766 00:57:17.920 --> 00:57:22.760 here by plane, we were The first night we came here, we slept 767 00:57:22.800 --> 00:57:28.119 in the hotel or an apartment. We already had an apartment because the people, 768 00:57:28.440 --> 00:57:30.280 the family friends that came were the ones who set us up with the 769 00:57:30.400 --> 00:57:35.519 right folks. So that's how we got lucky with that. Where how old 770 00:57:35.599 --> 00:57:38.039 were you when all came over? I think I was about ten years old. 771 00:57:38.119 --> 00:57:43.800 We came here in twenty fourteen. So yeah, where do you get 772 00:57:43.840 --> 00:57:46.559 Where do you get the money to get eight people on an airplane? Why? 773 00:57:46.679 --> 00:57:51.480 The United States? That was my dad, My dad. My dad. 774 00:57:51.599 --> 00:57:54.199 When I say he worked really hard, I mean he worked really hard, 775 00:57:54.280 --> 00:57:59.360 and sometimes he would ask my mom to help out too, because you 776 00:57:59.440 --> 00:58:02.000 know, he was really struggling a lot. He got sick at some point 777 00:58:02.119 --> 00:58:07.719 and my mom had to take over, so he we barely saw him. 778 00:58:07.840 --> 00:58:10.920 Sometimes we'll only see him once every three weeks and all that. So you 779 00:58:12.000 --> 00:58:15.400 know, when we would go to church, we would spend the whole day 780 00:58:15.440 --> 00:58:20.239 together. I'm sorry, go ahead. You said earlier that your parents were 781 00:58:20.400 --> 00:58:25.119 interviewed. Yes, what's that process? I wasn't in the interviews. I 782 00:58:25.159 --> 00:58:30.119 don't really know too much, but I mean who interviewed them? That's a 783 00:58:30.199 --> 00:58:34.000 great question. Okay, I'm just I'm just curious that the path from the 784 00:58:34.119 --> 00:58:38.920 Congo to uh uh, you said Zimbabwe. Yes, Zimbabwe to the US. 785 00:58:39.079 --> 00:58:42.800 Yes, I'm kind of curious. I think that. I think there's 786 00:58:42.800 --> 00:58:45.199 a group that helps people come over here. They have to go through the 787 00:58:45.280 --> 00:58:47.960 process and the interview process, and then when picking because of the refugees, 788 00:58:49.000 --> 00:58:52.800 we're always taking refugees. But what I love about the process that he's told 789 00:58:52.840 --> 00:58:57.039 me, not everybody came. You had to have a purpose of reason and 790 00:58:57.280 --> 00:59:00.639 and a setup and someone here to already do it. Not just come across 791 00:59:00.639 --> 00:59:04.400 the board across here's you a couple of thousand bucks a month. And it 792 00:59:04.519 --> 00:59:07.920 was a very very long process. So now you guys, okay, you 793 00:59:07.000 --> 00:59:10.000 find out, you leave it. Yes, all right, we're all excited. 794 00:59:10.519 --> 00:59:16.440 I was terrified, terrified, very terrified in a very bad way because 795 00:59:17.440 --> 00:59:23.679 we had a little tiny TV and it was first off, the first American 796 00:59:23.880 --> 00:59:30.119 like experience I had was this band. I forgot what they were called, 797 00:59:30.559 --> 00:59:35.079 but oh it was called Westlife and they were riding horses and it was it 798 00:59:35.239 --> 00:59:38.199 was weird to me, and there were these big houses and all that stuff, 799 00:59:38.239 --> 00:59:43.679 and I don't know, just the big American thing just kind of scared 800 00:59:43.719 --> 00:59:46.360 me because I was very like used to the small community and like all that 801 00:59:46.440 --> 00:59:49.880 stuff. So, so what do you think of America? What was your 802 00:59:50.079 --> 00:59:52.480 thing that before you're going going to America? I know you was nervous and 803 00:59:52.559 --> 00:59:57.119 scared, but how did you look at America? Just like that we were 804 00:59:57.199 --> 01:00:00.199 bad people, good people. I looked at it. That's a big opportunity, 805 01:00:00.239 --> 01:00:06.159 because that's how my parents had told me, Like so, because I 806 01:00:06.199 --> 01:00:10.559 guess here the American dream and how there's a whole lot of opportunities given. 807 01:00:10.719 --> 01:00:15.480 And when my parents told me that, and when they were like really, 808 01:00:15.559 --> 01:00:19.679 they were really excited because they wanted like all these opportunities for themselves and for 809 01:00:19.840 --> 01:00:22.920 us especially. So I was just ready for that, and I was just 810 01:00:23.599 --> 01:00:27.119 I mean, a part of me was excited because I wanted to see what, 811 01:00:27.280 --> 01:00:30.920 like the big the big deal was, because I just heard rumors when 812 01:00:30.960 --> 01:00:34.440 I was back when he was back in my refugee camp. So and the 813 01:00:34.559 --> 01:00:37.880 rumors were true. I'm guessing that you that when you got on that plane 814 01:00:37.920 --> 01:00:43.400 to fly to the United States, there was no going back. No going 815 01:00:43.480 --> 01:00:45.840 back wasn't an option. All eight of you were on the plane at the 816 01:00:45.880 --> 01:00:47.719 same time. Yes, sir, Yes, we were in the same section, 817 01:00:47.880 --> 01:00:52.199 same No, me and my sister were in the first class. No, 818 01:00:53.119 --> 01:00:58.760 no, no, that is I wish no, but I was still 819 01:00:58.800 --> 01:01:04.639 with my sister and we all just got separated. But uh yeah, that's 820 01:01:04.840 --> 01:01:07.119 that's what I remember. And I got scared because I've never seen a plane 821 01:01:07.119 --> 01:01:13.079 in my life before that It was it was so long. You seemed like 822 01:01:13.079 --> 01:01:15.079 an eternity. It was. It was so long, and I didn't know 823 01:01:15.119 --> 01:01:21.719 that they were they had bathrooms in airplane, and my sister didn't know it 824 01:01:21.760 --> 01:01:23.079 as well, and she kind of pissed her pants. It was. It 825 01:01:23.239 --> 01:01:28.239 was a weird It was a weird time in a very long, very long 826 01:01:28.320 --> 01:01:30.159 process. Well it's cool, okay, So now on the plane, we're 827 01:01:30.199 --> 01:01:35.559 getting hit. Where do you land? Were here? Uh? Yeah, 828 01:01:36.000 --> 01:01:40.400 came all the way from We came in Tucson and we can't even get direct 829 01:01:40.679 --> 01:01:47.880 flights airline. No, it was I don't I don't believe it was. 830 01:01:49.039 --> 01:01:52.239 No. We just came here and when we were at the airport, we 831 01:01:52.480 --> 01:01:57.400 stayed there for a good forty five minutes. And then that's when uh this 832 01:01:57.880 --> 01:02:00.440 uh, because I've never a white man in my life before, you know, 833 01:02:00.599 --> 01:02:04.800 it was kind of weird. But this is I was. I was 834 01:02:04.840 --> 01:02:07.599 ten years old. I'm pretty sure I was sixteen when I saw my first 835 01:02:07.639 --> 01:02:13.239 black person. Really, yea from Dakota. You've never seen a black man. 836 01:02:13.440 --> 01:02:15.840 When I was sixteen, I saw my first black person. That is. 837 01:02:15.960 --> 01:02:19.639 That's funny you were when you saw your first white person. But you 838 01:02:19.719 --> 01:02:22.079 knew there were white people in the world, right, Yeah, I knew 839 01:02:22.079 --> 01:02:24.679 there was, but you know, I never really actually seen him. There 840 01:02:24.800 --> 01:02:28.760 was this big old white man that came to us and he put us in 841 01:02:28.800 --> 01:02:32.239 a car, and next I slept in the car the whole car ride. 842 01:02:32.519 --> 01:02:36.039 But when we got out the bathroom before he got in the car, oh 843 01:02:36.079 --> 01:02:37.440 for sure, that was the first thing I did. When I came out, 844 01:02:37.599 --> 01:02:42.480 that was that was totally I saw and I saw there was this big 845 01:02:42.559 --> 01:02:45.599 old thing. It was a bathroom saw and I just went in there. 846 01:02:45.719 --> 01:02:49.159 I just didn't think. I told my mom and she said, Okay, 847 01:02:49.239 --> 01:02:52.360 go ahead. But we went down to see in the car. The first 848 01:02:52.440 --> 01:02:55.800 thing I see is just lights, a lot of lights, a lot of 849 01:02:55.920 --> 01:02:59.920 big buildings. And I was like, yeah, we heard yeah it was 850 01:03:00.079 --> 01:03:01.719 at night. I was like, yeah, we are definitely in America. 851 01:03:05.119 --> 01:03:12.800 They brought us to this apartment on twenty ninth Street, and we lived there 852 01:03:12.880 --> 01:03:19.400 for a good like three years, two years, and then we ended up 853 01:03:19.519 --> 01:03:23.880 moving to a different and actual house, and then we moved. We moved 854 01:03:23.920 --> 01:03:29.480 like six times, I'm pretty sure. And now, yeah, all in 855 01:03:29.559 --> 01:03:32.360 Tucson, never in Phoenix. How'd you survive during that time, Prince? 856 01:03:32.400 --> 01:03:38.239 How did your family survive? My dad, I mean he still worked the 857 01:03:38.280 --> 01:03:44.880 same, he became an uber driver, and they were trying to get into 858 01:03:44.960 --> 01:03:51.480 the care business thing, and my mom wanted to do it, so they 859 01:03:51.559 --> 01:03:54.679 started doing that. So they were never home. And so you were taking 860 01:03:54.679 --> 01:03:59.079 care of your brothers and sisters. Yeah, yeah, I was taking care 861 01:03:59.079 --> 01:04:02.519 of them. My older brother he was in high school, and my sister 862 01:04:02.639 --> 01:04:08.679 and I we were just like in the same grade almost, so we were 863 01:04:08.760 --> 01:04:12.000 just always there at home, you know, and we would take our little 864 01:04:12.079 --> 01:04:15.199 brothers and sisters to the bus and then we just go on their own bus. 865 01:04:15.280 --> 01:04:18.199 And then, yeah, that's how it was before. And you know, 866 01:04:18.880 --> 01:04:26.000 then my parents started coming to a They went into the habitat community where 867 01:04:26.079 --> 01:04:29.880 they build houses on that all that, and that's how we got our first 868 01:04:29.920 --> 01:04:34.000 official house. And then yeah, then we're now we're here. That's so 869 01:04:34.159 --> 01:04:39.400 cool, man, it really is thinking about it. So you've been enjoying 870 01:04:39.400 --> 01:04:42.039 it since we moved here. Now they're not scared anymore. Yeah, no, 871 01:04:42.800 --> 01:04:45.880 I've loved it. I loved this place. It's actually pretty cool because 872 01:04:45.880 --> 01:04:48.360 there's so much stuff. First off, I've never been on a roller coast, 873 01:04:48.440 --> 01:04:54.239 but I saw that. And we went swimming because my parents when they 874 01:04:54.280 --> 01:05:00.199 were in the habitat community thing, they met these white folks and they they 875 01:05:00.599 --> 01:05:03.000 they started coming and taking us to chips and we were still in the apartment. 876 01:05:03.199 --> 01:05:06.360 They started taking us to chips. We went to the zoo, right, 877 01:05:06.760 --> 01:05:10.199 we went to the uh. We went to all these parks, and 878 01:05:10.280 --> 01:05:15.320 then we went to swimming. That's something I don't I don't like doing. 879 01:05:15.920 --> 01:05:18.079 But yeah, I don't like swim. I can't swim, but it's okay 880 01:05:18.199 --> 01:05:21.320 because it was fun. And then they took us to these restaurants and then 881 01:05:21.519 --> 01:05:27.119 that's when I fell in love with McDonald's. And yeah, all these places 882 01:05:27.199 --> 01:05:30.079 and I loved it. It was a great experience and it's a great place 883 01:05:30.119 --> 01:05:33.480 over here. You know. So what go ahead? Were these people associated 884 01:05:33.480 --> 01:05:36.039 with your church? Did you get involved with the shirt over? They were 885 01:05:36.159 --> 01:05:40.960 not involved with my church. They were just my parents's friends that they met. 886 01:05:41.440 --> 01:05:44.480 You know, that's so, how do you become legalized? I know 887 01:05:44.559 --> 01:05:45.599 they had a call, they were able to go to work and do all 888 01:05:45.639 --> 01:05:48.280 that stuff. But tell me the process of how they all became legal. 889 01:05:48.760 --> 01:05:56.840 So my dad and my mom they wanted to become American citizens. I was 890 01:05:56.880 --> 01:05:59.760 all like, Okay, what do you guys need? So I guess there 891 01:05:59.840 --> 01:06:01.480 was first there was a process, and then there was a test that they 892 01:06:01.519 --> 01:06:06.840 had to take. I was in age, I think I was in seventh 893 01:06:06.880 --> 01:06:12.760 grade, and I would help them study, Like We'll go on YouTube trying 894 01:06:12.800 --> 01:06:15.519 to figure out like all these tests and all that stuff. The coolest to 895 01:06:15.920 --> 01:06:19.719 like YouTube. Yeah, we got I got an a laptalk. It was 896 01:06:19.760 --> 01:06:24.079 a tablet. Who gave it to you? My dad, he gave it 897 01:06:24.440 --> 01:06:26.840 together, he bought it. He bought it. And then think about how 898 01:06:26.920 --> 01:06:30.840 cool that is. Everybody wants free stuff. These guys have worked for everything 899 01:06:30.920 --> 01:06:33.880 they wanted. I love it. We we we had one tablet for everybody, 900 01:06:34.400 --> 01:06:39.679 right, and it was kind of hard to share because every for the 901 01:06:39.679 --> 01:06:43.039 whole family, one tablet for the for TV. No, we had we 902 01:06:43.320 --> 01:06:45.079 had a TV in the living room, one TV in the living room in 903 01:06:45.159 --> 01:06:50.159 the apartments and there was a tablet where everybody used and it was kind of 904 01:06:50.199 --> 01:06:54.159 hard to like go back and forth because everybody wanted, like to play all 905 01:06:54.199 --> 01:06:57.360 these games and watch YouTube and all that stuff. YouTube is the best. 906 01:06:57.400 --> 01:07:00.800 I love YouTube and Netflix too. I like Netflix. And when we were 907 01:07:01.000 --> 01:07:05.719 we would all go around. We had to share then because there was fighting 908 01:07:05.800 --> 01:07:13.119 along and how many bedroom apartments it was. It was a two bedroom apartment, 909 01:07:13.880 --> 01:07:16.199 uh sorry, three bedroom apartment. My parents had their own room. 910 01:07:16.760 --> 01:07:23.039 My twin brothers and my little sister had their own room, and me, 911 01:07:23.360 --> 01:07:27.320 my older brother and my older sister we had our own Oh no, no, 912 01:07:27.440 --> 01:07:30.000 no, it was it was it was. It was a big house 913 01:07:30.079 --> 01:07:32.320 with us. You know. It was we were we were chilling. We 914 01:07:32.400 --> 01:07:38.119 were having fun, you know what I mean, except sharing beds would that's 915 01:07:38.119 --> 01:07:42.159 always a problem, you know, siblings obviously. But yeah, it was 916 01:07:42.360 --> 01:07:46.039 I love you too. Awesome great technology, right, and then there was 917 01:07:46.199 --> 01:07:53.440 cars that was something that was something cool. Yeah, first and then it 918 01:07:53.599 --> 01:07:57.559 was it was just and instead of this because back in my country, my 919 01:07:57.679 --> 01:08:00.440 dad had this big old car. It was is there was no seats in 920 01:08:00.480 --> 01:08:03.079 there. We just sat on like the on the on the on the ground 921 01:08:03.119 --> 01:08:08.199 thing. But they were passenger and driver's seat and all that, and that 922 01:08:08.360 --> 01:08:12.119 was what car we used to drive the church. But here there was there 923 01:08:12.199 --> 01:08:15.279 was like seats everywhere there was a trunk, like, oh my god, 924 01:08:15.920 --> 01:08:24.880 it was it was going down about becoming legal. Yes, my I helped 925 01:08:24.880 --> 01:08:29.000 my parents try to become American citizens. Right. I would test them, 926 01:08:29.800 --> 01:08:33.279 uh every day, and they would test each other every day. And because 927 01:08:33.319 --> 01:08:38.640 I was helping them with uh, their American citizenship and all that, I 928 01:08:38.720 --> 01:08:42.520 knew a lot of facts from it, which was I was able to pass 929 01:08:42.640 --> 01:08:45.640 my Civics test, which was kind of very easy, you know. So 930 01:08:46.479 --> 01:08:51.199 when they became American citizens, there was a whole court thing and we went 931 01:08:51.279 --> 01:08:56.680 to that dressed nice. Only people over there that dressed nice, I guess 932 01:08:56.760 --> 01:09:00.479 because in anyways, so when we did that, when they got their certificates 933 01:09:00.520 --> 01:09:04.680 and all that, if you're under eighteen, you get to you already are 934 01:09:04.720 --> 01:09:10.399 American citizens because of your parents. Right. My older brother he was already 935 01:09:10.600 --> 01:09:14.279 uh, he was already past eighteen, so he had to take his own 936 01:09:14.359 --> 01:09:17.800 test. So and then my parents decided to change their last names to Wilson 937 01:09:18.560 --> 01:09:24.720 because they wanted that for some reason. I don't know why, but here 938 01:09:24.800 --> 01:09:29.079 they are, but we still have our own last names different and with our 939 01:09:29.159 --> 01:09:33.119 culture, everybody has a different last name because it has a different meaning into 940 01:09:33.199 --> 01:09:36.880 it. So my last name is not the same as my older brother or 941 01:09:38.000 --> 01:09:42.159 my little sister and a really name. Yeah, we all have different last 942 01:09:42.239 --> 01:09:46.079 names, same parents and all that, but different last names based off when 943 01:09:46.079 --> 01:09:48.119 you were born, as the meaning behind your lives, based off what you 944 01:09:48.439 --> 01:09:51.920 when you were born, how you were born, what hospital you were born 945 01:09:51.960 --> 01:09:57.439 at, and if they how they felt in that moment you certificate, yes 946 01:09:57.520 --> 01:10:00.239 I do. So you really know how old y'all? Yeah I do, 947 01:10:00.640 --> 01:10:02.960 a lot of people ask you that, and yeah, I do know how 948 01:10:02.960 --> 01:10:05.079 old I am. So you came here, you went to high school, 949 01:10:05.079 --> 01:10:11.039 you went to Tusun High What made you stop playing football freshman year? My 950 01:10:11.279 --> 01:10:16.840 brother? Oh, not my brother, but it was my best friend from 951 01:10:16.920 --> 01:10:20.920 my church. He liked playing football a lot, and he put me in 952 01:10:21.000 --> 01:10:27.399 it, and I didn't really. I wasn't really into it going in football, 953 01:10:27.520 --> 01:10:32.560 but he loved it. And then he wanted like the big NFL dream, 954 01:10:32.800 --> 01:10:36.720 big Division one dream and all that, wanted to go to pro and 955 01:10:36.760 --> 01:10:41.880 all that, but unfortunately he wasn't able to do that because of an incident. 956 01:10:41.960 --> 01:10:44.800 Then he ended up passing away. So I just kind of carried on 957 01:10:44.920 --> 01:10:51.880 the legacy just to help. No, he went to Sorrow, Yes, 958 01:10:51.960 --> 01:10:59.319 he went to Suarro and then he got shot when he was eighteen. Yeah, 959 01:11:00.119 --> 01:11:02.840 and then I just continued on with his legacy and all that stuff. 960 01:11:02.920 --> 01:11:05.079 So then you got to playing. I know your parents didn't really want you 961 01:11:05.119 --> 01:11:09.560 to play. Yes, they did not like football at all. They they 962 01:11:10.359 --> 01:11:15.600 were just education, education, education, which was understandable, right, And 963 01:11:15.800 --> 01:11:18.399 that's why I would always like keep my education up because I knew how important 964 01:11:18.399 --> 01:11:21.520 it was. You know, you can't really play anywhere if you have bad 965 01:11:21.600 --> 01:11:26.600 grades. It's kind of like common sense, you know. So and you 966 01:11:26.720 --> 01:11:30.680 know, I knew that education would get me somewhere far, so I didn't 967 01:11:30.680 --> 01:11:32.840 take time off of it at all. So and but I just wanted to 968 01:11:32.920 --> 01:11:36.359 do something else that I love as well. Francis was a fascinating story. 969 01:11:36.359 --> 01:11:39.840 We're gonna have to take a break. I want you to stay around because 970 01:11:39.840 --> 01:11:42.800 we only now we're just into high school and where it's going, and there's 971 01:11:42.840 --> 01:11:45.039 a lot more to your story, and we're going to bring you back after 972 01:11:45.159 --> 01:11:47.560 this break, and we're going to finish your story. You're an incredible kid. 973 01:11:48.159 --> 01:11:53.279 I knew that from the day I met you, and I'm so happy 974 01:11:53.279 --> 01:11:55.640 you're able to tell the story today. We'll be right back. This is 975 01:11:55.640 --> 01:11:59.119 the money by the show. Thank you for listening. Welcome back, everybody. 976 01:11:59.239 --> 01:12:03.359 This is the money in the show. I hope you're enjoying our dialogue 977 01:12:03.640 --> 01:12:11.079 with Prince and fascinating, fascinating story. But you know what I really brought 978 01:12:11.119 --> 01:12:15.800 them on for is because we continually hear about all these illegal immigrants coming across 979 01:12:15.840 --> 01:12:18.000 the border and what they're doing and spending. And then this is a real 980 01:12:18.079 --> 01:12:21.920 life story. I mean, put yourself in this position, being in a 981 01:12:21.960 --> 01:12:27.840 refugee camp in Africa, doing the things they had to do, working hard. 982 01:12:27.880 --> 01:12:31.000 I mean, it all starts with the parents. Your dad worked hard, 983 01:12:32.000 --> 01:12:36.520 your mother did the stuff. You guys as a family just all slept 984 01:12:36.560 --> 01:12:41.479 in the same place, you did the things you had to do. You 985 01:12:41.680 --> 01:12:44.880 got bathed in a bucket, you know, whatever it is. And then 986 01:12:44.920 --> 01:12:46.479 you get on a plane and you come here and all of a sudden it's 987 01:12:46.560 --> 01:12:49.600 like, oh my gosh, I see a white guy. But you said 988 01:12:49.640 --> 01:12:53.680 you haven't never seen them, And now we're part of the story where he's 989 01:12:53.760 --> 01:12:58.880 just starting high school and your parents put in your mind that grades are important, 990 01:12:59.239 --> 01:13:00.319 and as you and I know, what was the first thing I said 991 01:13:00.319 --> 01:13:03.840 to you when I met you. Yes they are. He said a lot 992 01:13:03.920 --> 01:13:09.399 about that. If he said that, if I trust him and my grades 993 01:13:09.399 --> 01:13:13.199 are fine, trust the process, then he's going to get me somewhere really 994 01:13:13.279 --> 01:13:15.920 far. Yeah. You didn't believe me at first, did you? No? 995 01:13:15.079 --> 01:13:17.680 I me because I told you're not going to Hio State. Yeah, 996 01:13:17.680 --> 01:13:24.039 I really was. I I was so mad. Yeah, I understood he 997 01:13:24.159 --> 01:13:28.640 was coming from his good heart. So that's and and straightforward. Yes, 998 01:13:28.800 --> 01:13:30.840 And that's part of life. I mean, you know you don't want I 999 01:13:30.920 --> 01:13:34.159 mean you had even a bad time there. You had four coaches in four 1000 01:13:34.239 --> 01:13:36.960 years, but you never stopped. You never did it. You know, 1001 01:13:38.039 --> 01:13:41.760 we had people that fell off and didn't do stuff, and you rose to 1002 01:13:41.840 --> 01:13:45.359 the occasion. So you got all those years, you kept your grades up. 1003 01:13:45.880 --> 01:13:48.279 But how my question is is coming in here? How are you able 1004 01:13:48.359 --> 01:13:51.479 to keep up with the language and and the and and you said you were 1005 01:13:51.520 --> 01:13:56.800 horrible and math, but you didn't fail anything. You did well. So 1006 01:14:00.439 --> 01:14:06.279 education for me has always been before football, right, Education for me has 1007 01:14:06.359 --> 01:14:11.800 always been like something I should do so I can get a good education, 1008 01:14:12.000 --> 01:14:16.119 get a degree, right, so I can have a better life than my 1009 01:14:16.239 --> 01:14:19.720 parents have, right because I want to help. I want to support them 1010 01:14:19.760 --> 01:14:24.680 as well. So even if I was better at math, and even though 1011 01:14:24.720 --> 01:14:28.520 I hated reading a lot, you know, the only thought of my mom 1012 01:14:28.640 --> 01:14:32.640 was just to help my parents, let them like retire and just you know, 1013 01:14:33.479 --> 01:14:36.600 make a family on my own, live a good life, the American 1014 01:14:36.720 --> 01:14:41.560 dream bigger than the American dream, you know, and just and just keep 1015 01:14:41.680 --> 01:14:45.199 vibing out. You know. That's that's the only thing that's been on my 1016 01:14:45.319 --> 01:14:49.159 mind. Really. So we went through this, okay, and it's it 1017 01:14:49.319 --> 01:14:55.640 just shows Prince's perseveredness. I mean, you know, your parents didn't want 1018 01:14:55.640 --> 01:14:58.119 you to play. You're still played. I think you hit it from him 1019 01:14:58.199 --> 01:15:00.880 sometimes. Yeah, you believe that was your way to college? Yes, 1020 01:15:01.159 --> 01:15:04.880 all right? And you know then we come in this year and you got 1021 01:15:04.960 --> 01:15:09.479 Dylan, you got me, and you know Zach and and everything else. 1022 01:15:10.199 --> 01:15:13.159 But and I come up and talk to you, what was your first impression? 1023 01:15:13.520 --> 01:15:17.600 Oh, you were crazy? He was a crazy. He was he 1024 01:15:17.800 --> 01:15:21.039 was loud, straightforward, didn't care about your feelings. You're straight up going 1025 01:15:21.079 --> 01:15:25.359 to tell you how it is. And it was just if you go to 1026 01:15:25.439 --> 01:15:30.239 New York, it's about ten million of those word was my word, yes, 1027 01:15:30.520 --> 01:15:32.119 yes, all right. And the energy was there, and we built 1028 01:15:32.119 --> 01:15:35.359 the team, and we had some adversity. Obviously we had good, we 1029 01:15:35.439 --> 01:15:39.479 had bad. We're starting to move it. But you stayed straight. And 1030 01:15:39.560 --> 01:15:44.239 then the one big thing is, I remember you didn't break your foot, 1031 01:15:44.279 --> 01:15:47.199 but you couldn't walk on your foot. Yeah, but you knew that we 1032 01:15:47.319 --> 01:15:53.199 needed you, and you you rehabbed as hard as you could and played as 1033 01:15:53.279 --> 01:15:56.640 hard as you could each week. After the I think it was the third 1034 01:15:56.720 --> 01:15:58.840 or fourth game you got hurt, right, it was a third game, 1035 01:15:59.000 --> 01:16:01.119 kept going and your whole thing was I want a scholarship, coach, I 1036 01:16:01.199 --> 01:16:06.560 want a scholarship. I need the scholarship. And and you just kept playing 1037 01:16:06.600 --> 01:16:11.800 harder and harder, you know, And that to me shows me something about 1038 01:16:11.840 --> 01:16:15.720 where your heart is, your mental toughness, your physical toughness, the fact 1039 01:16:15.760 --> 01:16:20.159 that your grades didn't slip one bit as your dreams were there. Talk a 1040 01:16:20.199 --> 01:16:25.800 little bit about the guys and the and the and the team camaraderie and all 1041 01:16:25.880 --> 01:16:30.119 that stuff. It is it is that what you expected when you've been with 1042 01:16:30.199 --> 01:16:36.279 a with guys for four years and no coaches, different coaches every year, 1043 01:16:36.800 --> 01:16:41.680 right, you there's a bond that is obviously over there, and there's like 1044 01:16:41.760 --> 01:16:45.840 a connection that's there. And when I got hurt the third game, by 1045 01:16:45.880 --> 01:16:48.319 the way, I was killing it. I was killing in folks, right, 1046 01:16:48.680 --> 01:16:54.039 But when I got hurt the third game, it sent me back. 1047 01:16:54.840 --> 01:16:57.079 The moment I got hurt, I was, I was. I was in 1048 01:16:57.159 --> 01:16:58.960 a dark place. I didn't know what I what I was, what I 1049 01:16:59.079 --> 01:17:01.640 was gonna do. But my head coach, Zach, he said that that 1050 01:17:01.760 --> 01:17:05.800 I'm still I'm still the leader of this team, and I need to show 1051 01:17:05.840 --> 01:17:09.159 them no fear and I need to show them that I still believe that they 1052 01:17:09.199 --> 01:17:12.279 can they can win. And I did. I believed it. I just 1053 01:17:12.600 --> 01:17:15.239 I was just sad that I got hurt in the process, right, And 1054 01:17:16.600 --> 01:17:19.720 I was supposed to be out for four weeks, the trainers said, But 1055 01:17:20.840 --> 01:17:24.199 I don't know. When I came out on the field and I just saw 1056 01:17:24.279 --> 01:17:27.239 my team how much they needed me, how much they needed my leadership, 1057 01:17:27.319 --> 01:17:30.199 and just I love this. I love those guys. You know, there 1058 01:17:30.199 --> 01:17:35.039 would be my brothers forever. And the only thing was just first, I 1059 01:17:35.239 --> 01:17:39.520 need to help my team and I need to like be there for my brothers 1060 01:17:39.600 --> 01:17:43.439 no matter what, right even if I'm just on the sideline cheered them up. 1061 01:17:43.720 --> 01:17:46.800 I need to help them out whatever I can. And I just need 1062 01:17:46.880 --> 01:17:50.239 to get better and I just need to get back on the field as soon 1063 01:17:50.319 --> 01:17:54.560 as possible, because they looked at me as a leader and somebody who will 1064 01:17:54.560 --> 01:18:00.079 help them like succeed in like the games that we play. So that whole 1065 01:18:00.159 --> 01:18:03.239 time, I was just I was just trying to keep it together, just 1066 01:18:03.319 --> 01:18:08.239 trying to do what I had to do for my team. That's about it. 1067 01:18:08.359 --> 01:18:10.279 And I told you, don't give up. We're going to get you 1068 01:18:10.399 --> 01:18:13.319 that scholarship. You keep the grades going, We're going to get that done. 1069 01:18:13.960 --> 01:18:17.159 The whole and then it's very interesting, Prince Hill. Everyone did it 1070 01:18:17.199 --> 01:18:21.640 because what you're talking about is why Dylan and I love coaching football. Okay, 1071 01:18:23.399 --> 01:18:25.920 it's not about just the game, all right, that's a game. 1072 01:18:26.600 --> 01:18:30.760 It's about everything else, the character that it builds in a person, the 1073 01:18:30.960 --> 01:18:33.359 leadership that builds in a person. So at the end of the season, 1074 01:18:34.119 --> 01:18:36.960 I know it was the last game, and this is a sad part, 1075 01:18:39.560 --> 01:18:43.000 you know, Senior night and you were very upset and you were crying because 1076 01:18:43.039 --> 01:18:45.399 your parents never came to see you play a game, and they didn't even 1077 01:18:45.439 --> 01:18:49.600 walk with your senior night. And you had more people. You had me, 1078 01:18:49.760 --> 01:18:51.920 you had coach Zach, and you had a whole bunch of those girls 1079 01:18:53.000 --> 01:18:56.840 that loved you, that walked with you to make you feel good. And 1080 01:18:56.960 --> 01:19:00.319 I know something was still missing, but you had trust in us. You 1081 01:19:00.560 --> 01:19:04.439 had you had trust in Zach and I that we were award was award. 1082 01:19:04.479 --> 01:19:08.800 As the season went on, you kept it up and you did and no 1083 01:19:08.880 --> 01:19:10.760 one else came talking to you. No one did that. I said, 1084 01:19:10.760 --> 01:19:13.199 don't worry about it. We're going to bring you this place. I know 1085 01:19:13.279 --> 01:19:16.800 you're going to excel. And it's hard to believe that. And Dylan is 1086 01:19:16.840 --> 01:19:20.600 part of the National Football Foundation and what is that? Yes, Yes, 1087 01:19:20.920 --> 01:19:26.039 the NFF. We put on like a senior showcase for guys in February where 1088 01:19:26.039 --> 01:19:29.920 it's it is a combine for seniors that want to go try and play at 1089 01:19:29.960 --> 01:19:32.479 the next level that maybe hadn't got any looks throughout their senior year. Gives 1090 01:19:32.479 --> 01:19:35.079 them an opportunity to give like kind of like a one last chance to get 1091 01:19:35.560 --> 01:19:39.560 looked at by colleges across the country. We go up in Phoenix and do 1092 01:19:39.600 --> 01:19:42.600 it. It's usually in February. So you went up and did it. 1093 01:19:42.720 --> 01:19:46.600 You killed it. You did your think before that to all the two song 1094 01:19:46.680 --> 01:19:49.680 guys are invited. Yeah, we had about I think we had eight two 1095 01:19:49.760 --> 01:19:55.279 song guys and two went on. One No one from Sienaga. Well, 1096 01:19:55.279 --> 01:19:58.520 I guess that's vailable one a New Prince too. The only ones that went. 1097 01:19:59.119 --> 01:20:00.720 And everybody else is they don't go up because they think it's too hard 1098 01:20:01.279 --> 01:20:03.399 or it's too early in the morning. I mean, this is issue last 1099 01:20:03.439 --> 01:20:05.720 year when we did it too. You don't want to go because you don't 1100 01:20:05.720 --> 01:20:09.760 realize it's in Phoenix, even though everybody knows it's in Phoenix as we say 1101 01:20:09.760 --> 01:20:13.279 it. Then it's too much of too early in the morning to get up 1102 01:20:13.279 --> 01:20:15.720 there. And then you're like, okay, we're talking about getting a bus 1103 01:20:15.760 --> 01:20:16.720 for two song kids. And then we're like, you know, if a 1104 01:20:16.800 --> 01:20:19.920 kid really wants to go to the Senior Showcase, it's one day out of 1105 01:20:19.960 --> 01:20:23.239 their life to try and go to college. If they really want to play 1106 01:20:23.239 --> 01:20:26.039 college football, they're going to show a coach that they'll actually go make the 1107 01:20:26.119 --> 01:20:30.279 travel but you need a kid, That's what I'm saying. Two song kids 1108 01:20:30.359 --> 01:20:32.520 just they didn't want to though, but Prince and I don't know the kid's 1109 01:20:32.560 --> 01:20:34.760 name from. We had four or five guys from two Son High that said 1110 01:20:34.760 --> 01:20:38.800 they wanted to go, Dylan, Yep. One guy's showed up. One 1111 01:20:38.840 --> 01:20:41.560 guy I would go. I would bring them all up there. One guy. 1112 01:20:41.920 --> 01:20:45.199 Prince, you had the cart, you were going to bring everybody up 1113 01:20:45.199 --> 01:20:46.039 there. They would need it too soon, High and you go. But 1114 01:20:46.800 --> 01:20:48.880 now everybody wants to wake up that early. Now everybody wants to make the 1115 01:20:48.880 --> 01:20:51.920 two and a half hour drive because we were in northwest Phoenix. But if 1116 01:20:51.960 --> 01:20:55.680 you go, you work, you do it. Good things happen from that, 1117 01:20:55.840 --> 01:20:58.439 and that's what you prove. All right, So here's the good stuff. 1118 01:20:59.000 --> 01:21:01.920 We're up there talking to all the coaches and stuff. Three four five 1119 01:21:02.000 --> 01:21:06.039 schools loved them. I helped them pick the one that I thought would be 1120 01:21:06.159 --> 01:21:12.399 really really good education wise and where it'd fit in and alligating college back in 1121 01:21:12.439 --> 01:21:15.079 Pennsylvania, you're a top seventy to fifty or seventy five school in the country. 1122 01:21:15.159 --> 01:21:20.800 D three loved them, offered them as them go back there. I 1123 01:21:20.840 --> 01:21:24.880 don't know what day you go back on seventeenth seventeen. Yeah, okay, 1124 01:21:25.479 --> 01:21:30.520 visit the school and and and give him a scholarship. And the cycle is 1125 01:21:30.960 --> 01:21:34.399 only complete for high school, but your cycle in life is going to just 1126 01:21:34.439 --> 01:21:39.039 get better. Prince, you got what it takes. I'm proud to be 1127 01:21:39.159 --> 01:21:41.880 your coach. I really am. You're one of the cool guys that I 1128 01:21:42.000 --> 01:21:45.399 met over the time. I mean Todd that works for me, who was 1129 01:21:45.439 --> 01:21:49.079 on the show before. He's another guy that I coached that I just love. 1130 01:21:49.199 --> 01:21:53.479 I mean, you guys are just a little bit got something special. 1131 01:21:54.039 --> 01:21:56.600 And you know, of course my son, I mean he has to live 1132 01:21:56.640 --> 01:22:00.479 with me coaching his whole life. But that doesn't know let anything. At 1133 01:22:00.560 --> 01:22:04.399 least you guys believe that me. He believes in me now. But the 1134 01:22:04.600 --> 01:22:10.760 uh, it's it's it's incredible because so many people complain, so many people 1135 01:22:10.800 --> 01:22:14.600 don't want thing, and so many people I don't have an opportunity. It's 1136 01:22:14.640 --> 01:22:15.760 for the witch guy, it's for this, it's for that. And you 1137 01:22:15.840 --> 01:22:19.600 said the hell with all that, and your parents started it. You knew 1138 01:22:19.640 --> 01:22:26.800 it. Education and perseverance and you know it's unbelievable. It is. Yeah, 1139 01:22:27.840 --> 01:22:31.319 the whole process of them focusing on English because they know that, you 1140 01:22:31.399 --> 01:22:35.159 know, English is the language of money, right, and that they knew 1141 01:22:35.239 --> 01:22:40.760 that you, if you knew English, would give you a tremendous leg up. 1142 01:22:41.319 --> 01:22:45.560 And then the stick touativeness. I think it's and so it's so fun 1143 01:22:45.640 --> 01:22:53.399 to hear you talk about America from someone from a ten year old and from 1144 01:22:53.439 --> 01:22:57.239 the Congo or from Zimbali. Right. Yeah, it's so interesting because we 1145 01:22:57.359 --> 01:23:01.439 often wonder how we're perceiving right on the world stage. You know, it 1146 01:23:01.520 --> 01:23:05.920 seems like we're kind of like Trump, either you hate Americas or you love 1147 01:23:05.960 --> 01:23:11.600 Americas. Right, change impressions. You went to Tucson High. You know 1148 01:23:11.680 --> 01:23:14.800 the impression of Tucson High. It's the whole gang members. It's this is 1149 01:23:14.840 --> 01:23:17.560 that people don't even realize it. I kind of like Tucson High. It's 1150 01:23:17.600 --> 01:23:21.359 a diversified group, great kids, great people. Of course you're going to 1151 01:23:21.399 --> 01:23:24.399 have a few people. Yeah, but we used to like when we first 1152 01:23:24.399 --> 01:23:28.000 showed up, it was like the whole misconception of Tucson High. We don't 1153 01:23:28.039 --> 01:23:30.159 knowing stuff. And then you go there, coach, all you guys just 1154 01:23:30.239 --> 01:23:32.600 wanted to work, just wanted to play, and it's a big misconception around 1155 01:23:32.600 --> 01:23:35.520 town, that's for sure. So what do you want to say to everybody? 1156 01:23:35.560 --> 01:23:40.239 Got about a minute left, to everyone that's listening that has people in 1157 01:23:40.279 --> 01:23:44.119 the position that are coming in. I mean, do it the right way, 1158 01:23:44.119 --> 01:23:47.600 don't you think? Yeah? I say, if you fall in love 1159 01:23:47.720 --> 01:23:51.359 with what you want to do in your life, and you really have passion 1160 01:23:51.439 --> 01:23:55.720 for it, and you have all faith in yourself and God, there is 1161 01:23:55.840 --> 01:23:59.560 not a single thing in this world that you cannot do. I've been told 1162 01:23:59.600 --> 01:24:01.680 that I can do things because of where I come from and how I am 1163 01:24:02.199 --> 01:24:06.760 and the color of my skin, not even I just called it bs on 1164 01:24:06.880 --> 01:24:11.560 net And I'm just saying to you right now, whoever you is like, 1165 01:24:12.359 --> 01:24:15.439 there's not a single thing in this world that you cannot do if you put 1166 01:24:15.479 --> 01:24:18.880 your mind in hard to it. Congratulations, body, you are one of 1167 01:24:18.920 --> 01:24:23.039 the best. That you and I will be friends forever every time. Okay, 1168 01:24:23.239 --> 01:24:25.359 thank you for listening. We'll be right back. It's The Money Matter 1169 01:24:25.479 --> 01:24:28.439 Show. Welcome back to the final segment of The Money Matter Show. I'm 1170 01:24:28.479 --> 01:24:30.600 Dylan Greenberg. I'm here with Todd Glick, sebastin Boards seeing Dave Sure with 1171 01:24:30.720 --> 01:24:34.199 Din Greenberg, and we just had that special guest Prince on who's a Twosoni 1172 01:24:34.359 --> 01:24:39.560 player and great kid, crazy story. It's American dream that they're living and 1173 01:24:39.600 --> 01:24:41.880 they worked hard to get it. So it's really cool to see coming to 1174 01:24:42.000 --> 01:24:45.319 fruition. Let's run down the numbers real quick. We haven't gone through it 1175 01:24:45.359 --> 01:24:46.800 in the second hour people just tuning in. Yeah, on the week that 1176 01:24:46.880 --> 01:24:50.000 Dad was down zero point one percent. Y S and P was up one 1177 01:24:50.079 --> 01:24:54.520 percent, the NASDAK up one point seven. Russell two thousand was up three 1178 01:24:54.560 --> 01:24:58.159 percent led the way this week, and the Equator was up one point two. 1179 01:24:58.439 --> 01:25:00.680 The Nasdaq composite did find only reached a new all time high. It 1180 01:25:00.760 --> 01:25:04.239 went over that twenty twenty one level. Yeah, and uh, that argument 1181 01:25:04.319 --> 01:25:08.920 earlier. It is an ASDAK composite that did. Yeah, not the Nasdaq 1182 01:25:08.960 --> 01:25:12.319 one hundred. The NASDAK composite just hit a new all time high. So 1183 01:25:12.439 --> 01:25:15.239 stocks are doing well. So what we're gonna do now is segue into what 1184 01:25:15.640 --> 01:25:19.680 happens when you have too much money? I guess, because then what happens 1185 01:25:19.800 --> 01:25:25.520 is the federal government could come in and say that your estate tax is uh 1186 01:25:26.199 --> 01:25:30.000 in effect. So we have Jonathan Sabilli on the show. Always glad to 1187 01:25:30.079 --> 01:25:31.640 have you on. Welcome, Thank you, thank you. And so, 1188 01:25:32.039 --> 01:25:35.760 you know we've been talking about this April second event that's coming up. I 1189 01:25:35.800 --> 01:25:41.359 know we're both really excited for it because you're gonna be talking about potentially some 1190 01:25:41.479 --> 01:25:44.359 of the strategies you could use to lock in that estate tax kind of get 1191 01:25:44.399 --> 01:25:48.119 grandfathered into this current one if it's if it makes sense for certain people, 1192 01:25:48.399 --> 01:25:53.439 but also the whole gamut of a state planning you'll be talking about at that 1193 01:25:53.720 --> 01:25:56.600 event. So to the people listening, all you gotta do give us call 1194 01:25:56.760 --> 01:25:59.079 or go to Greenberg Financial dot com. You can sign up there. Give 1195 01:25:59.119 --> 01:26:00.359 us a call, will sign you up however you want to do it. 1196 01:26:01.119 --> 01:26:06.039 It's very easy. But Jonathan, what are some of the things that they 1197 01:26:06.119 --> 01:26:12.520 can expect to hear from you to talk about. Well, you know, 1198 01:26:12.920 --> 01:26:15.399 we'll just basically, you know, begin start talking about probate and kind of 1199 01:26:15.439 --> 01:26:20.479 talking about what that does. You know, estate planning can take many forms. 1200 01:26:20.520 --> 01:26:24.760 You know, probate is not always a bad thing. You can use 1201 01:26:24.800 --> 01:26:30.359 it to get rid of creditors. You know, in order if you start 1202 01:26:30.399 --> 01:26:35.880 a probate and you publish notice, creditors have four months to respond. If 1203 01:26:35.920 --> 01:26:41.800 you give known creditors notice, they only have a certain amount of time to 1204 01:26:41.880 --> 01:26:45.359 respond, and if they do not, then they lose their claim to that 1205 01:26:45.520 --> 01:26:48.159 debt. So we can talk about that, you know, certain strategies there, 1206 01:26:48.399 --> 01:26:51.560 because some people just open up probate just for that matter, just to 1207 01:26:51.600 --> 01:26:56.520 get rid of the creditors. We'll talk about, you know, why it's 1208 01:26:56.520 --> 01:27:00.399 important to have a will, why it's important to type it up. All 1209 01:27:00.479 --> 01:27:04.560 right, I just got a phone call that basically everything's getting thrown out because 1210 01:27:04.600 --> 01:27:08.760 they typed up the will and on the way out, they made a bunch 1211 01:27:08.800 --> 01:27:14.119 of handwriting on the will, and now we don't know what's what, what's 1212 01:27:14.159 --> 01:27:15.880 going to control? You know, so you always have to sit down with 1213 01:27:15.960 --> 01:27:20.640 an attorney, always chat, don't make any rass decisions, be proactive. 1214 01:27:20.960 --> 01:27:25.720 Yeah, you know, that's a good kind of preview of what you're going 1215 01:27:25.760 --> 01:27:28.520 to talk about. But this week we had a scenario where, you know, 1216 01:27:28.640 --> 01:27:31.600 we had a client who potentially you know, I guess they knew, 1217 01:27:31.680 --> 01:27:36.199 but it's it's understandable that you know, a state planning lawyers and a state 1218 01:27:36.239 --> 01:27:41.720 planning document prepares are two different things, two totally different things. And I'm 1219 01:27:41.760 --> 01:27:45.039 not sure, many people realize that because if you're looking up how to get 1220 01:27:45.039 --> 01:27:48.359 a trust or you know, cheap trust into something, whatever you do on 1221 01:27:48.399 --> 01:27:53.920 a Google search to you know, start your trust journey, that's usually the 1222 01:27:53.960 --> 01:27:57.720 first ones to pop up, right because they're the cheapest. But kind of 1223 01:27:57.840 --> 01:28:01.159 explain to listeners what's the difference, why they are cheap and what the potential 1224 01:28:01.199 --> 01:28:05.680 pitfalls can be by saving some potential dollars. Well. First and foremost lawyers 1225 01:28:05.680 --> 01:28:11.239 can give legal advice. Document prayers cannot. And if you're getting legal advice 1226 01:28:11.279 --> 01:28:15.439 from a document payer, feel free to call the Arizona Bar, you know, 1227 01:28:15.640 --> 01:28:18.680 because they're not allowed to do it. Attorneys are licensed. You know. 1228 01:28:18.800 --> 01:28:21.199 It's kind of like going to a doctor. You want to get your 1229 01:28:23.439 --> 01:28:26.399 medical diagnosis from some schmow off the street, or do you want to get 1230 01:28:26.399 --> 01:28:30.159 it from an actual doctor? Right, So same thing with doing a trust. 1231 01:28:30.479 --> 01:28:34.560 Now, not every person needs a full blown attorney to take care of 1232 01:28:34.640 --> 01:28:39.600 their state, you know, but a lot of people do. I assume 1233 01:28:39.720 --> 01:28:43.039 some of these document payers they're just basically you know, taking it from mom 1234 01:28:43.079 --> 01:28:48.279 and dad giving it to one kid, right, But other situations arise you 1235 01:28:49.239 --> 01:28:55.199 could have assets that they may not understand. You know that amendment I was 1236 01:28:55.520 --> 01:28:58.399 telling you about earlier that I saw the document payer did. I have never 1237 01:28:58.479 --> 01:29:01.640 seen something like that in my life. Now, if someone can test that, 1238 01:29:01.760 --> 01:29:05.199 there might be some issues. So you can go and get a nine 1239 01:29:05.239 --> 01:29:10.399 to ninety five document. Don't ask me to review it because I'm not going 1240 01:29:10.439 --> 01:29:13.199 to tell you if it's good or not, because one is not. Probably 1241 01:29:13.479 --> 01:29:16.239 my time just reviewing is going to be more expensive than the nine ninety five. 1242 01:29:17.560 --> 01:29:23.079 But the reason to maybe avoid going to a document of prepair, especially 1243 01:29:23.119 --> 01:29:30.039 if you're looking into having significant wealth, you may need other estate planning tools 1244 01:29:30.239 --> 01:29:32.880 than just going from A to B. Yeah, I think most people they 1245 01:29:32.960 --> 01:29:35.520 don't understand any of the tools. So they just think, okay, I 1246 01:29:35.640 --> 01:29:39.800 trust protect me from toxes, but they have no idea how it actually does 1247 01:29:39.920 --> 01:29:42.720 that and how many type of trusts there are. Well, and that was 1248 01:29:42.760 --> 01:29:45.199 the thing, you know, we were you brought me in on. I 1249 01:29:45.319 --> 01:29:47.720 just sat there and I was listening to the client talk and apparently they did 1250 01:29:47.800 --> 01:29:50.399 have it from a document payer, which I didn't understand. But the questions 1251 01:29:50.439 --> 01:29:54.359 we were asking, you know, what was what did the prepare say? 1252 01:29:54.479 --> 01:29:56.359 What did the I thought I was an attorney. I said, what did 1253 01:29:56.399 --> 01:29:59.119 the attorney say? And they thought I was an attorney that prepared it. 1254 01:29:59.479 --> 01:30:00.159 I said, what they say, and they're like, well, you don't 1255 01:30:00.199 --> 01:30:02.840 really touch on this, and what do you say about this? Well? 1256 01:30:02.880 --> 01:30:06.119 I didn't really touch on that. And then at the end of the day 1257 01:30:06.239 --> 01:30:10.520 I went and looked up the person that had prepared their document and come to 1258 01:30:10.560 --> 01:30:13.479 find out it wasn't attorney. And that's why they weren't touching on those certain 1259 01:30:13.560 --> 01:30:16.399 things, right, And that was important to have because they were coming into 1260 01:30:16.439 --> 01:30:19.840 significant wealth. They should be given those options, whether or not they employed 1261 01:30:19.920 --> 01:30:23.880 them. It's at least they're given make an informed decision. So what was 1262 01:30:23.880 --> 01:30:26.279 the red flag? Was it the amendments that you read or was it just 1263 01:30:26.359 --> 01:30:29.239 the fact that they couldn't answer any of the questions you were asking? Well, 1264 01:30:29.800 --> 01:30:30.720 you know, I said, do they know about this this asset? 1265 01:30:30.760 --> 01:30:34.479 You have an eight million dollar asset. It's the comprehensive planning that's the concern. 1266 01:30:34.840 --> 01:30:39.039 Right, It's not true planning, it's a partial planning. Right. 1267 01:30:39.359 --> 01:30:41.159 He said, yeah, I don't know if you knew about the eight million 1268 01:30:41.159 --> 01:30:43.520 dollars sent I go, WHOA did he ask that question? Okay? How 1269 01:30:43.520 --> 01:30:45.359 about this interest you have, are you going to transfer it into the trust? 1270 01:30:45.439 --> 01:30:47.319 And he said, well, we never really touched on that either. 1271 01:30:47.359 --> 01:30:55.000 And it's like right right, you know, it's you know I I for 1272 01:30:55.119 --> 01:30:58.000 instance, I had a lady call me. She got a trust done for 1273 01:30:58.039 --> 01:31:00.399 two hundred and fifty dollars, and I went and I looked up the deed 1274 01:31:00.520 --> 01:31:02.560 that that guy did. First, he's out of business. He probably took 1275 01:31:02.640 --> 01:31:05.600 all that money he made over a couple of years, ran and went out 1276 01:31:05.600 --> 01:31:09.920 of business. But I looked up the trust and the deed he had prepared. 1277 01:31:10.479 --> 01:31:15.760 The deed violated Arizona statute. The trust he prepared was two pages long, 1278 01:31:16.439 --> 01:31:21.960 and she couldn't find it. And you know, instead of spending a 1279 01:31:23.000 --> 01:31:26.199 couple thousand dollars, now she's going to spend two to three to four to 1280 01:31:26.319 --> 01:31:30.039 five thousand dollars either in probate or trying to recreate the wheel because now we 1281 01:31:30.199 --> 01:31:34.520 have to quiet title, get that you know, fix that deed, get 1282 01:31:34.560 --> 01:31:39.520 a new trust in place. And all you had to do was sometimes a 1283 01:31:39.560 --> 01:31:42.479 little investment up front can save you a lot of money in the back end. 1284 01:31:42.800 --> 01:31:45.479 And that's why we work so well together, because without the comprehensive part 1285 01:31:45.520 --> 01:31:49.520 of the financial planning. They would have never you would have never known what 1286 01:31:49.680 --> 01:31:53.479 the type of options this person could have available to them, right, the 1287 01:31:53.479 --> 01:31:57.199 same way that document prepared had no idea because he doesn't do a financial planning, 1288 01:31:57.279 --> 01:32:00.960 right, He's just listening to what the client tells him. Whereas we 1289 01:32:00.640 --> 01:32:05.560 we cover everything in the financials and then present that as a whole picture for 1290 01:32:05.640 --> 01:32:10.279 the estate planner. Same with the tax planners, right, because how can 1291 01:32:10.319 --> 01:32:13.119 you do your job with half the information? Well, you guys know how 1292 01:32:13.159 --> 01:32:15.399 I operate. When I want to do an investment on my own, what 1293 01:32:15.479 --> 01:32:19.199 do I do? I go to Reddit, I go to Google, and 1294 01:32:19.279 --> 01:32:23.079 I'm telling you I am down a lot of money. Yeah, and I 1295 01:32:23.119 --> 01:32:27.600 wish I'd talked to you guys first. And that's the problem. So what 1296 01:32:27.720 --> 01:32:30.760 you need, So what you need to do is don't use Google adit. 1297 01:32:31.039 --> 01:32:33.560 Well. A nice thing about how you work, too, is that if 1298 01:32:33.600 --> 01:32:35.840 they don't know if they needs just a document, if it's a straightforward trust 1299 01:32:35.880 --> 01:32:38.880 like you're saying, they might not need a complex, when they can still 1300 01:32:38.880 --> 01:32:42.840 come to you for a complimentary first consultation to really figure out what they need. 1301 01:32:42.880 --> 01:32:45.399 And a lot more often than I'm not. I'm guessing it's going to 1302 01:32:45.439 --> 01:32:47.800 be more complex. I think very rarely do I put somebody in a revocable 1303 01:32:47.840 --> 01:32:53.239 living trust just because I think that, you know, it may make sense 1304 01:32:53.279 --> 01:32:55.960 in some circumstances, but if there's a cheaper, easy way to do it, 1305 01:32:56.000 --> 01:32:58.760 why not. Yeah, right, exactly, And that's something you would 1306 01:32:58.760 --> 01:33:00.800 tell them exactly, Yeah, you know, and then you but you tell 1307 01:33:00.880 --> 01:33:03.640 them you let them make an informed decision. A lot of people just had 1308 01:33:03.680 --> 01:33:08.039 their heart set on the anonymity because that's what that is. It's the same 1309 01:33:08.039 --> 01:33:11.239 way that we operate with annuities. You know, we'll give you the options 1310 01:33:11.279 --> 01:33:13.520 of the annuities, we'll give you options of all the way you can get 1311 01:33:13.560 --> 01:33:17.159 income or safety, and then ultimately it's your decision to make and we'll implement 1312 01:33:17.239 --> 01:33:20.359 that decision based on the same idea. If you're talking to somebody on like 1313 01:33:20.399 --> 01:33:24.800 in our business of that, and they're talking just one annuity product, that's 1314 01:33:24.800 --> 01:33:27.359 all we're talking about. You try to ask other questions they're not answering them, 1315 01:33:27.760 --> 01:33:29.800 then that means they're just trying to sell you that one product. And 1316 01:33:29.840 --> 01:33:31.560 it sounds just like exactly what was happening in that situation. Well, and 1317 01:33:31.600 --> 01:33:34.199 that's the thing is they turn into these trust mills and they don't even want 1318 01:33:34.239 --> 01:33:36.479 to They don't care about your situation. They don't care who you are, 1319 01:33:36.479 --> 01:33:41.840 I don't care about your family. They just say, it's sixteen hundred dollars 1320 01:33:41.880 --> 01:33:43.880 for a trust. Do you want one? Okay, good, give me 1321 01:33:43.880 --> 01:33:46.159 your information. I'll prepare. That's it. That's that's the consultation they get. 1322 01:33:46.239 --> 01:33:48.439 Yeah, that's all it should be. Really if it's a document prepared 1323 01:33:48.800 --> 01:33:53.039 because they can't give legal advice. Yeah. Right, But in that situation, 1324 01:33:53.359 --> 01:33:57.039 it shouldn't be. You shouldn't want that to be that simple when you're 1325 01:33:57.039 --> 01:33:59.159 trying to set something up like that. And also, like you said, 1326 01:33:59.239 --> 01:34:01.760 if you get a bad Christmas tree and that's that trust, and then you 1327 01:34:01.880 --> 01:34:04.279 have to throw out the Christmas tree and get completely new and you just waste 1328 01:34:04.319 --> 01:34:06.359 a whole bunch of money. And then you're trying to figure out how do 1329 01:34:06.359 --> 01:34:11.279 you get these assets? They're titled in something that you don't own anymore. 1330 01:34:11.439 --> 01:34:13.840 Have you know? We have to revoke and sometimes you have to go to 1331 01:34:13.960 --> 01:34:15.199 court and as a judge, can we revoke this trust? And then you 1332 01:34:15.199 --> 01:34:19.159 got to get a court order so and that that's never cheap. So you 1333 01:34:19.199 --> 01:34:24.399 know, the moral of this story is obviously the cheapness is not always the 1334 01:34:24.479 --> 01:34:28.560 answer, especially when things that what you're doing really do matter, right. 1335 01:34:28.640 --> 01:34:30.560 I mean, these are things that are setting up your legacy, setting up 1336 01:34:30.600 --> 01:34:33.439 everything that you've built over the course of your life, making sure it goes 1337 01:34:33.479 --> 01:34:36.039 to where you want it to go, right. And so that's why the 1338 01:34:36.119 --> 01:34:40.920 importance of this estate planning. Not only is it important always, but it's 1339 01:34:41.199 --> 01:34:44.600 equally it's more important now because potentially what's going to happen at the end of 1340 01:34:44.640 --> 01:34:47.239 twenty twenty five with some of the state tax issues on the horizon. So 1341 01:34:47.359 --> 01:34:50.279 again, really excited about that April second event. You can give us a 1342 01:34:50.279 --> 01:34:53.760 call five two zero five four four four nine zero nine. We'll get you 1343 01:34:53.800 --> 01:34:57.640 signed up. Or you can go to the Greenberg Financial dot com website and 1344 01:34:57.720 --> 01:35:00.520 it will be the first thing that pops up and you'll be able to register 1345 01:35:00.800 --> 01:35:03.439 there as well. If you want to come in and do a free financial 1346 01:35:03.520 --> 01:35:06.560 plan. All that is always available. Just give us a call, or 1347 01:35:06.560 --> 01:35:12.359 you can go to our website and send us some information. You know, 1348 01:35:12.640 --> 01:35:15.680 we're hitting at all time highs. You know, many people are really coming 1349 01:35:15.720 --> 01:35:18.840 in right now and saying I want to be more conservative just seems like a 1350 01:35:18.920 --> 01:35:21.520 good time to take the money off the table. We agree, right, 1351 01:35:21.640 --> 01:35:25.199 it is a time to start selling a little bit of your position, yep. 1352 01:35:25.439 --> 01:35:29.279 But also revisit that risk tolerance. Right, come in and let's revisit 1353 01:35:29.319 --> 01:35:31.000 that risk tolerance. Yeah. What we're seeing a lot of recently is that 1354 01:35:31.319 --> 01:35:35.039 these people have been very aggressive throughout their whole life because that's just naturally how 1355 01:35:35.079 --> 01:35:39.680 they are. But out of they're nearing retirement, they don't want to be 1356 01:35:39.720 --> 01:35:42.319 as aggressive, but they don't know how to be more conservative because they never 1357 01:35:42.359 --> 01:35:45.159 looked at it that way. So they're trying to be They want the ins 1358 01:35:45.159 --> 01:35:46.399 and outs of how to be more conservative, how to build a portfolio that 1359 01:35:46.439 --> 01:35:50.359 way, and that's what that financial plan we create really helps them do, 1360 01:35:50.560 --> 01:35:55.279 is just see how to become more conservative through retirement, how the income could 1361 01:35:55.279 --> 01:35:58.800 be produced and given to them while they retire. But we're coming up on 1362 01:35:58.880 --> 01:36:00.960 the end of the showy show, great guest, John, You're always great, 1363 01:36:02.000 --> 01:36:04.800 Thanks for tuning in. We'll be back next week. Where your money 1364 01:36:04.880 --> 01:36:10.279 matters. Be happy, be healthy, but let's all be profitable.