Aug. 31, 2025

Wall Street on Edge: Nvidia, AI, and the Future of Your Money

Wall Street on Edge: Nvidia, AI, and the Future of Your Money
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Wall Street on Edge: Nvidia, AI, and the Future of Your Money
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The markets kicked off the week at all-time highs—then all eyes turned to Nvidia. As the world’s biggest company and the engine of the AI revolution, its earnings shook Wall Street and set the tone for what’s next. On this week’s Money Matters, we break down the winners and losers from earnings season, uncover why certain sectors are moving, and share the financial planning strategies helping our clients stay calm, efficient, and prepared. From guiding business owners to saving big, to keeping investors focused on the long game, we’ll show you how to thrive no matter which way the market swings.
Don’t miss your chance to sign up for our free interactive financial planning workshop, visit greenbergfinancial.com today to secure your spot.
If you would like to contact us to learn more about our firm, our seminars, and our process - call us at 520.544.4909 or go to our website at www.Greenbergfinancial.com or email us at Contact@Greenbergfinancial.com

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Good morning. Everybody's that time again, Sunday morning, eight o'clock

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right here, seven ninety kNs T. This is Dean Greenberg

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and this is the Money Matter Show. And we do

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appreciate from the bottom of our hearts that you listen

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every single week for thirty five years. I've been seeing

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people that come into our office that said, I've been

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listening for twenty years. Twenty five years. I even had

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one that said thirty years. That's pretty cool when you

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realize that you are able to help people for that

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period of time, that you're able to give back to

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this community, that you're able to do the things that

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you love to do, and people appreciate it, and all

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all it does is make me want to do it

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more and keep going and everything. Hopefully, hopefully you've taken

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some of the advice, because some of the advice has

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been better than others. It's been good, not at all.

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Sometimes it's wrong, but a lot of times it's been

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pretty darn good. All right, So what do we got

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this week? We're down. We're down, not a lot, like

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two percent point one percent.

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That's it.

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And at the end of the day, we can handle

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a little bit of a pullback were coming into September.

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We've been talking about this for a while. We're still

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up for the month. We did a good job doing that,

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We're still up for the year. I want to be

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surprised to see a little bit of a pullback in September,

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and then after September. I think we're going to have

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a nice little rally. Why because I do think that

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the Federal Reserve is going to get on board and

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lower interest rates. Whether you think it's the right thing

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to do, with him firing FED, shair of FED people

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putting pressure on Powell. I want to give you a

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different side of this, okay, And I guess this is

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maybe how I always look at it compared to others

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for years now. For years, have you been listening to me.

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I said, we're going to be in trouble if we

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don't do something with our debt. We need to run

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the government efficiently. We need to run the government like

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it's a business. And I've had so much pushback for

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probably fifteen twenty five years, people saying to me, well,

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the government is not a business. You don't need to

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run it for the business. We need to protect people.

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We've got to have something I said, yes, but you

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need money to do that, and you cannot keep taxing

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the heck out of people to keep being able to

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pay for everything that our politicians want without having some

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type of ramifications down the road. We need defence number one.

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We need to help during you know, anything, that are

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disasters on our shores. We need to be able to

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take care of the people that are disabled that need

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our help. We need to take care of the poor.

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But we've done it in such a bad way so

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so many years. You know, people talk about helping the homeless. Well,

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the hopeless need to be able to help them sells.

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Sometimes you can give money all day long, but when

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people have the mentality of you know, I just like

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the simple life. I get enough money from the government.

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I don't need to do anything, and I just wake

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up every day and do whatever. And the bad ones

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obviously drink and take drugs and eliminate themselves from what

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real life is all about. We need to change that.

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We need to change the way people think and help

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those that really need the help. We have a very

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bad mental health problem. We have to approach it totally

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different than we do. There are good things happening someplaces

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Gospel Rescue Mission is probably one of the coolest ideas

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I've seen, and it's right here, right here Tucson and'm

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Bert the Lopez who owned the holiday and turned it

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into a homeless shelter, not just to give them places

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to eat and live, but to actually get them back

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on their feet, get off drugs, alcohol, make them feel

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like a human being, find them jobs, train them, be

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able to put them out in the real world so

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where they have self worth. Again. An incredible thing he

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did there, incredible and I think it's becoming known and

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other places in the country are starting to look at it.

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And that's what we need. We need those in the

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big cities. We don't need people saying it's okay for

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everyone to be homeless and have these tense cities and

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and and and be these cities that just okay with crime,

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okay with stealing and robbing. I don't care how big

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a city are. You don't need that. What we need

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to do is take different approach and help the people

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go forward. So you know, so you have this government

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and they don't want it to be like a business,

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But where's the money going to come from? That's the

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thing I always ask people, and where we are sitting

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now at the situation of thirty six thirty seven trillion

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dollars in debt. It's honest, it's not It's undustainable to

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keep going the way we are period. It costs US

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trillions of dollars just to pay the interest and we

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don't go anywhere and keep going forward. We need to

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stop spending and eyveryone. Oh, you can't stop spending. You're

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taking away Medica, you're taking away this. They're not even

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started taking away doing that yet. What they have done

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is taken away from the people that don't deserve it.

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If you're not a US citizen, if you're not an American,

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if you are an illegal immigrant, you do not deserve

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to get our tax payer money to survive. Do it legally,

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and yes, you are able to use our tax payer

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money to survive, But nobody should be on Medicaid, Medicare,

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social Security that is an illegal immigrant in our country, period.

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So you start there. Now, You've got to get disabled

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body people that are acting like they're disabled back to work.

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I agree, I you know what, And a lot of

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my friends on the other side agree one hundred percent

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with this, So I don't know why we have arguments.

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I don't know why politicians are on both sides of this.

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These are actual subjects that everybody can get behind and

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push and that will help us reduce the debt and

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everything else we're doing. What do I think we need

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better education system? One hundred percent. We need to change

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the education system basically from junior high up. We need

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to stop indoctrinating people that come in and it's more

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of a political idolization in high schools and colleges and

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even in grade schools, and turn it into learning subjects,

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not just for the few, but for the all of them.

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There's no reason that we have to go to math

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and learn all this stuff other than the basics and

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then learn how to use calculators. Not everybody needs to

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know calculus. Not everybody needs to know all the other

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things that go into it that till you be part

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of other subjects. Most people that take those classes fail.

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They don't learn it, they don't want to learn it,

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they don't have the capacity to learn it. We have

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a whole new thing coming up. Why don't we starting

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teaching people about financial literacy? And why aren't we talking

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to people about where technology is going make it interesting

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for them. Use technology, use AI, use these things to

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help people. Kids still have to write papers, right, Probably

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eighty percent of them use chat, GPT, change a few words,

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put it through. Here's my thing. But they don't know anything.

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But you know what would be cool. That's fine. Get

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whatever sources you get, put it together. But you better

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learn what you're putting on the paper because you're going

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to have to get up in front of class and

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actually discuss what you put down. That's how you use AI,

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That's how you use chat GPT, that's how you use it.

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Make it part of an interactive way to go through school.

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I hope whoever becomes governor again changes our education system.

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That is the number one thing we need to change.

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The borders are shut, we don't need to worry about that.

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What we need to do is worry about policies that

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stunt our growth. We need to worry about people that

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don't want to work. We need to worry about our

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education system and take care of those that really need it.

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That's what we need to do. But on the bigger level,

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our debt is out of control that we need to stop.

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Why has anyone looked at what's going on in France.

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They're having a whole bunch of protests in France again,

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which you know, is a socialistic society, which means they

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love having all their time off their lifestyles. They love

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being able to retire early and get their big pensions.

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They love their being able to do that. But you

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know what, this is not the first time. It's not

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the first country. Now they're fighting it because they're in

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there saying, we can't afford this anymore. We've got to

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cut back on these benefits. And nobody wants to cut back. Well,

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who's going to pay for it? Vergic collapse, changing governments

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over you can't do it. And if you don't want

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to be the France, the Spain, the Greases of the world,

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we can't do it. No one's going to beat us

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militarily and put us into the ground. What they are

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trying to do is beat us economically, which they were

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doing very well over the last four years, to put

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us into the ground. Take whatever they could from us,

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want more from us, under the the the umbrella of

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we have to be a global country. We have to

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go ahead and help all these other nations. Do you

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think any of these other nations give it. Damn about America.

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If we went down, no, they would flock to or

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whoever was able to give them what they needed. That

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is why I am all pro economy, and that comes first.

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I don't want to see us in going on debt,

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and I think the Republicans are just as bad as

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the Democrats. We need to stop. We need to get

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our economy growing, which it is. People start keep saying, well,

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Trump is doing a horrible job. Economy isn't good. I disagree.

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A price is too high, Yes, they are too high.

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They keep talking about this inflation now because Trump's in,

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But when Biden was in, what they kept saying it's transitory.

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For over a year and a half we heard that

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inflation was transitory, and now they're because they don't want

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to lower interest rates. They want to say it's just

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lurking around the corner. These tariffs are going to make

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prices go through the sky. Well, let me tell you something.

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Earnings have been pretty don good on corporations. They've been

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beating earnings, So that means people are buying. If people

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didn't have money, if the inflation was hurting people too much,

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they not be buying. And that means that prices would

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be coming down. We're not in that scenario. People are

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making more money, which means they still have money to spend.

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Now you can go ahead and give me the argument, well,

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that's just the people with money. Well that's the way

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it's always going to be okay until the people at

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the bottom in our society start having the opportunities and

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taking advantage of the opportunities to go to school to

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become educated. And I'm not saying colleges, trade schools. Go

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to trade schools. Go find something that you can do

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to help make more money other than being in a

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fast food joint. Fast food locations are for younger adults

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that need to have flexibility in their schedules. It's not

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for the person to start at eighteen, nineteen, twenty years

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old and at forty years old is still working behind

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the counters. Maybe they become a manager, that's fantastic. But

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if they were that good and imagine they were doing

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something else where, they would be Our country is about underachievers.

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There are so many people underachievers, and it's okay to

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be underachievers in the eyes of many. I was told

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a story the other day with the person that's trying

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to build their business, and it really kind of opened

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my mind to what it's all about. And in high

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school he said that he got all a's, but one

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of his teachers told them, that's great, you got a's,

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but you were underachieved. He did not understand that. He

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didn't understand the teachers saying to him, hey, you might

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be getting all a's, but you can do more than that.

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And today now it's resonating with him and doesn't want

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to be that underachiever, doesn't want to be that person

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that's just okay with a's. What is he going to

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do to make his mark? And it's not all about money,

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But if you want to do certain things when you retire,

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and you have a certain journey to get there, you

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got to go to a certain level. To me, being rich,

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it's about being able to pay your bills and have

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some money left over. It's about being able to have

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a family and pay for their educations and have family

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vacations and have food on the table without being stressed out.

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It's about being able to plan for retirement and doing

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the things that you dream about within the basis you can.

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If you're making a hundred grand, you're at one other

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different level than someone that's making a million dollars or

234
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or three hundred thousand. But living within that and not

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having the stress, to me, is being rich going on

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family vacations and doing things at whatever level you can

237
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do it. I don't care if it's camping and and

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and bring in your own food and beer and wine

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and sitting there and eating crackers and cheese, that's great

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because you're doing it as a family. Those memories are rich.

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Getting to the point your retirement, and believe me, we

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see through financial plans all the time. That's our job

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is to get you to the point and tell you

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how much you can actually spend to do to live

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your life stress free. That's what we do. We do

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financial planning to make your life stress flate free. Now,

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if you've done no planning and you're forty forty five

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years old and you become sixty, you have a different

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type of plan. But man, if you start at thirty

250
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five forty forty five years old and you start planning

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and you're living within your means and doing the things

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you need to do, you'll be very satisfied when you're

253
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sixty sixty five years old. We lieve that stress parents

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very important role in life, very important role in life.

255
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We should always try to do everything we can do

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have our children be more successful than us. That then

257
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brings a mentality to our country that we're all trying

258
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to do better in our lives. Learning how to be

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fiscally responsible is one of them. Because the government is

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not physically responsible. Because our education system doesn't teach about

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fiscal responsibility, we're in a position that nobody understands why

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the government or why country have to cut back at

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certain times. Call not being able to pay your bills.

264
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You can't pay your bills, you end up going bankrupt.

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It could happen on the same thing as a country.

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That's the last thing we need to happen to us.

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We cannot continue to increase our debt unless we increase

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our economy or GDP has to grow gross domestic product.

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We have less of a population, we have more money,

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so we keep spending. So everyone says that the government

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that the economy is not doing well. Then you tell

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me why these corporations are doing so well. Everyone's telling

273
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me that prices are too high and people can't afford.

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Then why these corporations doing so well, you might be

275
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one of these people that say, well, corporations should even

276
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be doing well, they should be giving back. They do.

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They give you jobs, and if you work for that

278
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company and you're buying into the stock plan, the stock's

279
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going up. They're giving you wealth, they match your four

280
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to one K plan. They're giving you well health, They're

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giving your head you can, they're giving your education if

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you want it. A lot of companies pay for that.

283
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They're given you health care. It's up to you what

284
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you want to do with it. I'm so tired of

285
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listening to people talk about give me, give me, give me.

286
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Those that really need we will give to, and we

287
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should give to. But those that don't just want to work,

288
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don't want to do the things that they need to do,

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have decided to have too many children that they can't afford.

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They need to buckle up, change your attitudes and start

291
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doing what we need. We know what's going on, we

292
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see what's going on. We want to be safe. It

293
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blows my mind. Blows my mind that we can shut

294
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down the boarder is when everyone said we couldn't go

295
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ahead and stop illegal immigration within a couple of months.

296
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Why because we brought in people that were able to

297
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do their job and stop it happening and wanted to

298
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happen to happen. How can people live in cities that

299
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they're so afraid to go outside the murder rates, the

300
00:19:29.920 --> 00:19:33.599
crime rates, the stealing, the shoplifting, everything else that goes

301
00:19:33.640 --> 00:19:38.599
on that corporations pull out of cities because there's nothing

302
00:19:38.640 --> 00:19:41.200
done about law and orner. And now we go into them,

303
00:19:41.319 --> 00:19:44.200
we shut it down. The law and the desk go down,

304
00:19:45.079 --> 00:19:49.319
the crime goes down. What is wrong with that? Is

305
00:19:49.359 --> 00:19:51.559
it just that you hate Trump so much that you

306
00:19:51.680 --> 00:19:54.599
have to say whatever he does is wrong, and you'll

307
00:19:54.680 --> 00:19:57.720
target take it to the people that say, well, he's

308
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an authoritatium, he's taking away democracy, he's in control, he's this,

309
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he's that, he's everything else. Maybe it's the way it's

310
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gotta be right now. I don't get it. I don't

311
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understand why people would rather have a city that's not safe.

312
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I just don't now.

313
00:20:20.079 --> 00:20:21.839
Or there's some things that go a little too far

314
00:20:21.880 --> 00:20:24.960
the pendulum. One way, of course they do. But it

315
00:20:25.079 --> 00:20:27.240
once so far right, we got to bring it back

316
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the other way. Well, I once too far left. We

317
00:20:29.640 --> 00:20:31.279
got to bring it back a little right and then

318
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maybe we're gonna end up in the middle. And how

319
00:20:33.960 --> 00:20:37.319
do you get into the middle. It's very difficult because

320
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it keeps swinging back and forth. But the indoctrination that

321
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we've gone through and from colleges all the way down

322
00:20:46.640 --> 00:20:50.119
to elementary school needs to change, and education starts. It

323
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all starts with education. On my mind, education should be

324
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about learning about the basics and learning about how to

325
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go ahead and compete in the future. That's what it

326
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should be about. And if people don't learn about physical

327
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responsibility at an early age, it will never have physical responsibility.

328
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And I hope that's not what our government idea is

329
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is to go ahead and keep people poor that don't

330
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know how to do it, so they have to bet

331
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on the government. And that is an ideology that is

332
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on the left. Give give, give gifts, so they have

333
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to depend on you and they vote for you. When

334
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you stay in power, well you get very very rich.

335
00:21:24.839 --> 00:21:28.680
Isn't that kind of hypocritical and weird? They get very

336
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rich on the backs of the people that are really poor.

337
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So you finally get a billionaire that's a president. Only

338
00:21:34.920 --> 00:21:39.200
does is get ripped apart. You know how hard it

339
00:21:39.240 --> 00:21:41.559
has become a billionaire. There's not that many billionaires in

340
00:21:41.599 --> 00:21:46.640
the country and not many billionaires in the world. But

341
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for a billionaire to say I'm going to go ahead

342
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and be president because I want to change things, that

343
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says something he already had power of almost everything. Okay,

344
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sure things aren't happening. For people to say that he's

345
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not transparent, it's ridiculous, he says. When things are on going,

346
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he's telling you what Putin's doing. He's telling you what's

347
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the links he's doing. He's telling you what he's disappointed

348
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and not working one way to the other. Trying to

349
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fix the Middle East, we have no one talk about

350
00:22:13.960 --> 00:22:17.519
trying to get peace for a long time. At least

351
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is trying and at the end of the day, something

352
00:22:22.400 --> 00:22:26.400
good will happen on this. But our economy, even with

353
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all these tiists that everybody's worried about and all the

354
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inflation of people worried about. They're worried about it now,

355
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but then they didn't talk up about it before when

356
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the prices was soaring, at least maintaining and life to

357
00:22:38.680 --> 00:22:42.160
me for most people is getting Okay, we got to

358
00:22:42.200 --> 00:22:44.359
start living with It's no different when house prices went

359
00:22:44.359 --> 00:22:47.000
through the ceiling. Then everybody get used to those interest rates.

360
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You can imagine now what happens if interest rates come down.

361
00:22:51.799 --> 00:22:57.599
The housing market will start up again, people will keep buying,

362
00:23:00.039 --> 00:23:06.079
vestments will grow, the economy will grow, and when you

363
00:23:06.119 --> 00:23:09.160
put all that together, will be so much better and

364
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stronger as a nation. We just got to give it time.

365
00:23:14.400 --> 00:23:17.839
You know, you get by it in four years, even

366
00:23:17.880 --> 00:23:23.880
give Trump three months. The economy, people, that's what makes

367
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everything go. We're working in the right directions. We're trying

368
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to get we got it. We're trying to get the

369
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the the people back out on the streets. We're trying

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to open up restaurant. We're trying to do all the

371
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things that need to happen. It takes time. Don't use

372
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common sense. Use common sense. Don't be against things happening

373
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just because you don't like someone. Use common sense. It's

374
00:23:49.720 --> 00:23:51.599
it better not to have crime, Yes, it's it better

375
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not to have open borders, yes, okay. Is it better

376
00:23:55.960 --> 00:23:57.960
to have prices down? Yes, We're not there yet. We

377
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got to get there. There's a lot of things that

378
00:24:00.119 --> 00:24:02.640
we need to do. In the meantime, the markets keep

379
00:24:02.720 --> 00:24:06.160
going higher. There's probably a pullback coming. We told you

380
00:24:06.200 --> 00:24:09.640
to mitigate risk. Somewhere in September, we're going to be

381
00:24:09.680 --> 00:24:13.200
looking for October. We're gonna be looking to get reinvested

382
00:24:13.240 --> 00:24:15.680
if we have that pullback, because I do believe the

383
00:24:15.799 --> 00:24:19.440
end of this year and next year should should be

384
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very good. If we can get done what we need

385
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to do, we'll be back. This is that we appreciate

386
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your listening. This is the Money Matter Show. This is

387
00:24:25.920 --> 00:24:30.279
Dean Greenberg. Welcome back, everybody. It's the Money Matter Show.

388
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I got Dave and Dylan and Sebastian and Todd of myself. Well,

389
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we got a lot of a lot of guys.

390
00:24:36.920 --> 00:24:39.000
A lot of guys, and it was a week in

391
00:24:39.039 --> 00:24:41.319
the market which kind of we all breathe a high

392
00:24:41.359 --> 00:24:44.440
relief because it was in video week when in video

393
00:24:44.519 --> 00:24:48.759
reports it's a big week because in video runs a

394
00:24:48.880 --> 00:24:51.759
you know, AI has been running this economy and this market,

395
00:24:52.000 --> 00:24:54.759
and then Vidia is out front. They're on the front

396
00:24:54.759 --> 00:24:55.559
lines of AI.

397
00:24:56.039 --> 00:24:58.440
You know, it's interesting they beat, they beat all their earnings.

398
00:24:58.480 --> 00:25:01.359
Are good people that want to be able to buy

399
00:25:01.400 --> 00:25:03.400
the stock. And this is where I believe the big

400
00:25:03.440 --> 00:25:05.920
guys come in. They always find something to drive the

401
00:25:05.920 --> 00:25:07.920
stock down a little bit. Sure, so they can come

402
00:25:07.960 --> 00:25:11.880
back in because oh, it's too concentrated. We don't know

403
00:25:11.880 --> 00:25:15.559
who the concentration of it is. Well, does it really

404
00:25:15.640 --> 00:25:18.200
matter if they keep buying it and doing because then

405
00:25:18.240 --> 00:25:20.359
it's going to expand out. Other thing's going to happen,

406
00:25:20.400 --> 00:25:22.160
and they're going to keep staying on top of it.

407
00:25:22.240 --> 00:25:24.400
Because the Blackwell chip, which is the greatest chip in

408
00:25:24.400 --> 00:25:27.079
the world right now, it's going to be placed by

409
00:25:27.119 --> 00:25:29.640
another chip. They're staying ahead of the game. That's why

410
00:25:29.640 --> 00:25:30.880
I loves keeping it Well.

411
00:25:30.880 --> 00:25:33.079
And the reason it backed off on Friday was because

412
00:25:33.640 --> 00:25:36.759
Ali Baba came out and said they had to developed

413
00:25:36.759 --> 00:25:40.359
their own chip because then videos had some trouble getting

414
00:25:40.359 --> 00:25:44.319
ships to China the Age twenty chips, specifically to China.

415
00:25:44.759 --> 00:25:47.200
Ali Baba came out and said, you know, we've developed

416
00:25:47.200 --> 00:25:49.799
a ship that you can use in place of that. Yeah.

417
00:25:49.799 --> 00:25:52.759
Ali Baba is my favorite Chinese company. They also have

418
00:25:52.839 --> 00:25:56.240
a chat bot that they're producing, and they're one of

419
00:25:56.279 --> 00:25:58.480
the open source chat bots that kind of like they're

420
00:25:58.519 --> 00:25:59.079
separate from.

421
00:25:59.000 --> 00:26:01.720
Displaying what that means open source, So open.

422
00:26:01.480 --> 00:26:04.960
Source is essentially that other developers that aren't working for

423
00:26:05.119 --> 00:26:09.759
said organization can also participate and the programming that say

424
00:26:09.799 --> 00:26:12.480
Facebook does for their chatbot is going to be open

425
00:26:12.720 --> 00:26:16.240
to the public to see what the actual coding was

426
00:26:16.319 --> 00:26:18.759
to make that program, so that other people can build

427
00:26:18.799 --> 00:26:21.799
upon it and create different ideas that Facebook could also

428
00:26:21.920 --> 00:26:24.359
use in their own service. So the idea with open

429
00:26:24.400 --> 00:26:28.079
source is you can access more talent than just the

430
00:26:28.119 --> 00:26:30.359
talent pool that you have at your organization. By keeping

431
00:26:30.480 --> 00:26:32.759
something close source, you're only going to have access to

432
00:26:32.839 --> 00:26:35.160
the people that have the badge that can go into

433
00:26:35.200 --> 00:26:36.400
your database.

434
00:26:36.480 --> 00:26:38.799
Thank you. Think it's important to understand what that term meaning.

435
00:26:38.839 --> 00:26:41.640
Impressive impressive reaction out of value babble on Friday because

436
00:26:41.640 --> 00:26:44.799
they didn't report great earnings, but they rallied twelve percent.

437
00:26:45.160 --> 00:26:47.319
Going back to on Video, I just wann't say I

438
00:26:47.319 --> 00:26:49.759
thought it was really bullish that they offered a sixty

439
00:26:49.799 --> 00:26:51.079
billion dollars share buy back.

440
00:26:52.480 --> 00:26:54.759
I suppose I just kind of wonder why you're buying

441
00:26:54.759 --> 00:26:56.640
shares at the all time high.

442
00:26:56.839 --> 00:26:58.720
Let's just say that you're the best company in the world,

443
00:26:58.920 --> 00:26:59.200
I guess.

444
00:26:59.240 --> 00:27:01.720
But the other thing about that the selloff on Friday,

445
00:27:01.759 --> 00:27:03.400
and it wasn't a big sell off down on what

446
00:27:04.119 --> 00:27:06.599
three percent, but we're not used to seeing in video

447
00:27:06.599 --> 00:27:10.559
go down Ever, is that in their quarterly report that

448
00:27:10.720 --> 00:27:15.880
was released on Wednesday afternoon, which was beat on all metrics,

449
00:27:15.920 --> 00:27:19.000
everything was exactly where you would like to see it.

450
00:27:19.000 --> 00:27:21.839
It did not include any H twenty sales to China

451
00:27:22.160 --> 00:27:24.960
zero And that's not realistic. We know they're going to

452
00:27:25.039 --> 00:27:28.920
have H twenty sales to China, but the report included zero.

453
00:27:29.799 --> 00:27:32.079
So that Ali Baba's come up with something that could

454
00:27:32.079 --> 00:27:35.240
potentially replace the H twenty chip. Like Dean said, they're

455
00:27:35.279 --> 00:27:37.079
just looking for a reason to sell it, because that's

456
00:27:37.160 --> 00:27:38.559
not a valid reason right there.

457
00:27:38.640 --> 00:27:41.039
Yeah, and again with going back to Ali Baba with

458
00:27:41.440 --> 00:27:44.400
just the chip, that's one side, like Navidia supplying the

459
00:27:44.480 --> 00:27:49.720
chips for Facebook, for groc for chat GBT, for Gemini,

460
00:27:49.720 --> 00:27:52.279
which is Google. So all these chatbots that are being

461
00:27:52.319 --> 00:27:55.559
created need Navidia's chip. But Ali Baba is kind of

462
00:27:55.599 --> 00:27:56.599
doing both of it.

463
00:27:56.799 --> 00:27:56.880
Right.

464
00:27:56.920 --> 00:27:59.519
They're gonna have the chip and also the chat Bob

465
00:27:59.519 --> 00:28:00.200
that's run on.

466
00:28:00.160 --> 00:28:03.440
The chip, and Ali Bobby is the Amazon of China. Yeah, actually,

467
00:28:03.559 --> 00:28:06.759
I mean over and above the chip, the whole chip story.

468
00:28:07.400 --> 00:28:09.839
It's insane the amount of business arms they have over there.

469
00:28:09.920 --> 00:28:12.119
Our channels are probably the better word to use there,

470
00:28:12.559 --> 00:28:14.240
they're in a lot of different industries.

471
00:28:14.079 --> 00:28:14.920
Of similar Amazon.

472
00:28:15.079 --> 00:28:17.319
Yes, before we're going further.

473
00:28:17.400 --> 00:28:19.279
The show sponsored by the Green Brik Financial Group and

474
00:28:19.279 --> 00:28:20.839
you can listen on seven ninety kN.

475
00:28:20.720 --> 00:28:21.920
SD or iHeartRadio.

476
00:28:22.160 --> 00:28:25.319
Show discusses different investment products and strategies, and every product

477
00:28:25.359 --> 00:28:27.400
and strategy have some type of an inherent risk, and

478
00:28:27.440 --> 00:28:30.240
we strongly encourage our listeners to properly understand the risk

479
00:28:30.599 --> 00:28:32.920
to determine whether to buy a seller hold. Show has

480
00:28:32.920 --> 00:28:34.559
been on air for over thirty years. The Green Briok

481
00:28:34.599 --> 00:28:37.720
Financial Group is registered with the SEC. Visit our website

482
00:28:37.720 --> 00:28:39.799
at green Brick Financial dot com for some more information.

483
00:28:40.119 --> 00:28:41.519
You could always give us a call at five two

484
00:28:41.599 --> 00:28:43.599
zero five four four four nine zero nine. We have

485
00:28:43.640 --> 00:28:47.640
about twenty spots left in our interactive financial planning steam

486
00:28:47.680 --> 00:28:50.599
coming up. But at La Paloma September twenty sixth.

487
00:28:50.759 --> 00:28:53.839
Eighteen eighteen, only eighteen left and going fast.

488
00:28:54.440 --> 00:28:57.000
David, it's like hotcakes, not even September yet.

489
00:28:57.400 --> 00:29:00.720
No, I get it, I'm crazy. It's going to be fall.

490
00:29:00.839 --> 00:29:02.400
Oh you're not going to be able to get into

491
00:29:02.440 --> 00:29:02.960
this one.

492
00:29:02.880 --> 00:29:03.079
You know.

493
00:29:03.119 --> 00:29:04.839
But we've actually had a lot of calls from people

494
00:29:04.839 --> 00:29:06.759
who wanted to come in and we've talked to them

495
00:29:06.799 --> 00:29:08.599
and said, oh, I can just come in and do

496
00:29:08.680 --> 00:29:11.000
my own financial plan and I don't actually have to

497
00:29:11.119 --> 00:29:13.839
learn kind of do a generic version. You just skip

498
00:29:13.839 --> 00:29:15.799
the step and come in directly and just do your.

499
00:29:15.759 --> 00:29:18.519
Own financial design for a specific person toime, Do you

500
00:29:18.519 --> 00:29:20.400
want to explain kind of who that would be?

501
00:29:20.599 --> 00:29:22.400
Yeah, I mean one of one of the great cases.

502
00:29:22.400 --> 00:29:24.400
Someone called in and they said, oh, I saw you

503
00:29:24.440 --> 00:29:26.759
had a seminar. I was interested. I saw your website

504
00:29:26.839 --> 00:29:28.720
and then also saw you did a financial plan. He's

505
00:29:28.720 --> 00:29:31.799
a business owner and wanted to set up a financial

506
00:29:31.880 --> 00:29:35.000
plan for his business and understand what are the things

507
00:29:35.000 --> 00:29:37.480
that he's not taking advantage of strategy wise? Is there

508
00:29:37.720 --> 00:29:39.640
you know, retirement plans he can set up. Is he

509
00:29:39.720 --> 00:29:43.000
structured you know correctly? But also for his personal stuff?

510
00:29:43.039 --> 00:29:46.160
How does the business flow to his personal financial plan?

511
00:29:46.440 --> 00:29:48.640
So does he have a succession plan? What's he going

512
00:29:48.720 --> 00:29:50.519
to do when he's no longer working for the business.

513
00:29:51.279 --> 00:29:53.960
There's different ways to do that obviously, and there's different

514
00:29:54.000 --> 00:29:56.240
what a scenarios we can build out for you. So

515
00:29:56.839 --> 00:29:58.680
it can be as complex as a business owner and

516
00:29:58.799 --> 00:30:01.160
kind of having two different financi or as simple as

517
00:30:01.160 --> 00:30:03.960
this an individual or a family who wants to understand

518
00:30:03.960 --> 00:30:05.519
that they have a pension or they have just a

519
00:30:05.559 --> 00:30:07.519
four oh one K, and how do I live off

520
00:30:07.559 --> 00:30:10.319
of that money and make it through retirement without running

521
00:30:10.319 --> 00:30:12.440
out of money. We can build that financial plan just

522
00:30:12.440 --> 00:30:12.640
for you.

523
00:30:12.839 --> 00:30:15.039
This guy knew he wanted a financial plan and wanted

524
00:30:15.079 --> 00:30:15.839
to come in and do it.

525
00:30:15.880 --> 00:30:18.079
Who would No, No, he actually was. He wanted to

526
00:30:18.079 --> 00:30:18.720
just do the seminar.

527
00:30:18.920 --> 00:30:20.640
Oh I got yeah, just to see kind of how

528
00:30:20.680 --> 00:30:22.640
you get right, just to see it was.

529
00:30:22.599 --> 00:30:24.440
A generic idea of just saying I wanted to get

530
00:30:24.480 --> 00:30:26.759
to understand what the financial plan is and how it

531
00:30:26.759 --> 00:30:28.480
could help me. But I said, well, if you want

532
00:30:28.519 --> 00:30:31.160
to know just directly, you can come come in and

533
00:30:31.160 --> 00:30:34.519
do the financial plan and it would be specific advice

534
00:30:34.680 --> 00:30:35.119
for you.

535
00:30:35.160 --> 00:30:37.960
If you're looking for a personalized financial plan, you've got

536
00:30:38.000 --> 00:30:39.400
to just come in for the meeting. If you want

537
00:30:39.400 --> 00:30:41.200
to just see what we're about, come to the seminar.

538
00:30:41.240 --> 00:30:42.400
We have eighteen spots left.

539
00:30:42.720 --> 00:30:45.240
Okay, see how it's going. In addition to video a

540
00:30:45.400 --> 00:30:48.440
Big Week Friend video, we had the PCEE. The PC

541
00:30:48.720 --> 00:30:53.440
is a personal consumption expenditure index. It is the fed's

542
00:30:53.599 --> 00:30:57.000
favorite measure of inflation, and it was up a tenth

543
00:30:57.079 --> 00:30:59.799
of a percent in July to two point nine percent,

544
00:31:00.400 --> 00:31:03.720
which which is the highest in February. It's just kind

545
00:31:03.720 --> 00:31:07.359
of creeping up there a little bit. How can it not,

546
00:31:07.920 --> 00:31:09.880
I mean, how can it? How can we not have

547
00:31:09.960 --> 00:31:13.039
some increase in prices with all of the tariffs? How

548
00:31:13.039 --> 00:31:13.480
can we not?

549
00:31:13.880 --> 00:31:16.279
Yeah, I mean it does depend on if the retail

550
00:31:16.359 --> 00:31:18.079
is going to keep paying it, which it seems like

551
00:31:18.119 --> 00:31:21.279
they are. They have plenty of money. The last jobs

552
00:31:21.279 --> 00:31:24.119
are poor. Again, did see that wage growth is still

553
00:31:24.119 --> 00:31:27.079
increasing at similar rates of what the CPI is increasing at.

554
00:31:27.119 --> 00:31:29.559
So as long as that continues, I don't think there

555
00:31:29.599 --> 00:31:31.880
will be a problem. People will continue to pay with

556
00:31:32.119 --> 00:31:34.240
you know, if they're increasing their pay as much as

557
00:31:34.279 --> 00:31:37.000
everything's increasing, I think we have refine.

558
00:31:37.200 --> 00:31:40.240
So half a dozen warnings this week though about increased

559
00:31:40.240 --> 00:31:43.680
costs due to the tariffs to point, and I'm not

560
00:31:43.720 --> 00:31:47.200
saying increased cost to consumer, increased cost to the business.

561
00:31:47.480 --> 00:31:50.119
How much of that will they pass along? How much

562
00:31:50.160 --> 00:31:51.039
of that will they eat?

563
00:31:51.640 --> 00:31:54.079
How much will they absorb? And that's a very you know,

564
00:31:54.680 --> 00:31:57.279
there's gonna be a interesting idea. I mean, one of

565
00:31:57.440 --> 00:31:59.920
this actually brings up a great point. The deminimus ex

566
00:32:00.000 --> 00:32:03.519
exception was brought off yeah Friday, on Friday. Yeah, And

567
00:32:03.599 --> 00:32:05.759
so for those that don't know, I didn't even know

568
00:32:05.880 --> 00:32:07.839
it was a thing either, do. Minimus is just obviously,

569
00:32:08.519 --> 00:32:10.880
I think a Latin word for minimum anything under eight

570
00:32:11.000 --> 00:32:13.400
hundred dollars. Yeah, and an exception is just that. So

571
00:32:13.480 --> 00:32:16.680
anything under that certain level is going to be said

572
00:32:16.720 --> 00:32:18.759
that you have to now have tariffs on it. And

573
00:32:18.839 --> 00:32:22.599
before anything under eight hundred didn't have tariff jurisdiction then

574
00:32:22.880 --> 00:32:25.400
applied to those rules. Now everything is going to apply.

575
00:32:25.440 --> 00:32:27.440
So even the Troy dollar T shirt will have some

576
00:32:27.519 --> 00:32:30.200
type of tariff on it. So that would be interesting.

577
00:32:30.279 --> 00:32:32.640
You would assume that retail would get killed if that

578
00:32:32.720 --> 00:32:35.880
mattered too much. It didn't seem like it did on

579
00:32:35.960 --> 00:32:38.359
any great level, or maybe it was already known and

580
00:32:38.519 --> 00:32:39.680
was kind of already priced in.

581
00:32:39.960 --> 00:32:42.279
Does that make you guys think that businesses, companies were

582
00:32:42.319 --> 00:32:44.759
just raising their prices simply because of the news that

583
00:32:44.799 --> 00:32:45.200
they could.

584
00:32:46.240 --> 00:32:49.279
I know of companies that are raising prices because they can't.

585
00:32:50.359 --> 00:32:52.119
I kind of like during the pandemic, we saw a

586
00:32:52.160 --> 00:32:55.319
lot of companies raise prices just because they could not,

587
00:32:55.400 --> 00:32:56.119
because they had to.

588
00:32:56.359 --> 00:32:57.880
But going back to what I was saying in my

589
00:32:57.920 --> 00:33:00.720
mom and on a log though. Okay, if people couldn't

590
00:33:00.720 --> 00:33:08.119
afford them, Dave, they wouldn't be paying it for the prices, right, Okay,

591
00:33:07.400 --> 00:33:11.359
the economy is doing well, the corporations are doing well.

592
00:33:11.599 --> 00:33:15.160
That means people are buying. Yes, most people forget what

593
00:33:15.200 --> 00:33:17.720
it's like. On the other side, when you're in a recession,

594
00:33:17.759 --> 00:33:21.559
when people can't afford things, it goes down. People are

595
00:33:21.559 --> 00:33:24.160
making more money, People have more money than they used

596
00:33:24.200 --> 00:33:26.960
to have, and it just goes back to living within

597
00:33:27.039 --> 00:33:29.880
your means. That's why we do these financial plans. That's

598
00:33:29.920 --> 00:33:31.759
why we do all these things. If they do not

599
00:33:32.359 --> 00:33:35.599
understand that they will be in debt and they think

600
00:33:35.640 --> 00:33:38.440
the government can bail them out, the government cannot bail

601
00:33:38.480 --> 00:33:39.440
everyone out anymore.

602
00:33:39.920 --> 00:33:41.440
Government can't bail anybody out.

603
00:33:41.680 --> 00:33:43.680
Grow We are in trouble. We're in trouble if we

604
00:33:43.759 --> 00:33:45.799
keep doing what we're doing. You see France, I don't

605
00:33:45.799 --> 00:33:47.039
know if you heard me talk about this in the

606
00:33:47.119 --> 00:33:50.759
monolog France is having protests that have to protest because

607
00:33:50.759 --> 00:33:54.799
they're cutting back on people's pensions, cutting back on what

608
00:33:54.839 --> 00:33:58.279
they can give because their debt is way too high.

609
00:33:58.359 --> 00:34:00.279
So what are we going to do start having more

610
00:34:00.319 --> 00:34:02.640
protest to you from the people that we keep giving

611
00:34:02.640 --> 00:34:04.920
money to because now they want more money than they

612
00:34:04.920 --> 00:34:07.920
haven't done anything about that will end up as a disaster.

613
00:34:08.000 --> 00:34:10.719
I happened to drive by a car dealership here there's

614
00:34:10.719 --> 00:34:13.800
wanted Jim Clicks and people are out front picketing. I

615
00:34:13.840 --> 00:34:15.639
was trying to fiure out why would you be picketing

616
00:34:15.719 --> 00:34:21.360
Jim Click because he's supporting Assiscan money. Really seriously, so

617
00:34:21.719 --> 00:34:24.679
you're supporting a candidates or your business gets picketed?

618
00:34:24.920 --> 00:34:25.199
Right?

619
00:34:26.559 --> 00:34:27.760
Is that crazy? When did that start?

620
00:34:27.840 --> 00:34:29.760
Let's not think about all the money that he donates to.

621
00:34:30.360 --> 00:34:33.320
But but they're getting paid to go out there and

622
00:34:33.639 --> 00:34:34.039
pick it.

623
00:34:34.119 --> 00:34:36.599
I mean you got to believe that. I mean's no one.

624
00:34:37.119 --> 00:34:39.039
It's hard to think of anyone who has done more

625
00:34:39.079 --> 00:34:40.239
produce on the Jim Clicks.

626
00:34:40.679 --> 00:34:43.199
I'm not sure we virt the Lopez has done a

627
00:34:43.239 --> 00:34:46.559
lot too, those two guys, don't you know. There's a

628
00:34:46.559 --> 00:34:48.599
lot of people behind the scenes that gets a lot

629
00:34:48.599 --> 00:34:50.360
of money and done a lot of things. But those

630
00:34:50.400 --> 00:34:53.119
two on a on a on the outside have done

631
00:34:53.119 --> 00:34:56.199
a lot. And you know what, the people that they

632
00:34:56.239 --> 00:34:58.639
help are the ones that picket against them. Yeah, Oh,

633
00:34:58.679 --> 00:35:00.760
they make too much money. They shouldn't be doing this.

634
00:35:00.800 --> 00:35:02.400
They shouldn't be doing that, you know what I mean,

635
00:35:02.760 --> 00:35:08.079
they single handily kept you of a athletics going. Yeah,

636
00:35:08.199 --> 00:35:11.360
you know during all this stuff. I mean, it's it's uh,

637
00:35:11.840 --> 00:35:13.880
it's pretty amazing to me how people think.

638
00:35:13.800 --> 00:35:16.039
There's the healing brand field, the healing brand aquatic center

639
00:35:16.119 --> 00:35:18.320
that just happened. It didn't just happen.

640
00:35:18.360 --> 00:35:21.880
People give, people that make money give if you had

641
00:35:21.920 --> 00:35:24.079
to have a conversation when they give. But you know what,

642
00:35:24.119 --> 00:35:25.840
when your hand is out, they don't want to give

643
00:35:25.880 --> 00:35:29.480
to you and you need it, they will give to you.

644
00:35:29.519 --> 00:35:32.599
And the hatred because you're supporting this particular candidate, never

645
00:35:32.679 --> 00:35:34.639
mind the thousands of people you employ.

646
00:35:34.840 --> 00:35:36.760
We got a lot more to talk about. We appreciate

647
00:35:36.800 --> 00:35:39.599
your listening. We will be right back.

648
00:35:40.960 --> 00:35:42.679
Welcome back to the Money Matter Show. My name is

649
00:35:42.719 --> 00:35:45.800
Todd Lick. I'm here with David Sherw, Dean Greenberg's the Basketbaorssini,

650
00:35:46.119 --> 00:35:49.159
and Dylan Greenberg. We talked about how when a video

651
00:35:49.239 --> 00:35:51.599
was a big market mover, has been in the past,

652
00:35:51.599 --> 00:35:54.000
but this week we actually didn't have much. It was

653
00:35:54.079 --> 00:35:55.920
kind of met with a yawn because we got exactly

654
00:35:55.960 --> 00:35:58.239
what we wanted in earnings and didn't have much change

655
00:35:58.280 --> 00:36:00.679
to the guidance either. So or the week, the Dell

656
00:36:00.880 --> 00:36:03.079
down twenty basis points, the S and P down ten

657
00:36:03.440 --> 00:36:06.599
the NASDAK down twenty basis points, the Russell two thousand

658
00:36:06.679 --> 00:36:08.719
is up twenty base points, and the equal Weight is

659
00:36:08.760 --> 00:36:09.840
down fifty base points.

660
00:36:09.880 --> 00:36:12.320
And that noise you heard Wednesday afternoon was not a

661
00:36:12.360 --> 00:36:16.079
sonic boom. It was a sigh from all the people

662
00:36:16.119 --> 00:36:17.719
that are invested in the stock market.

663
00:36:18.800 --> 00:36:22.239
The stock market has climbed forty five percent off the

664
00:36:22.280 --> 00:36:24.599
load the Nasdaq and thirty three percent for the S

665
00:36:24.639 --> 00:36:28.159
and P five hundred, so pretty much wiped out that

666
00:36:29.039 --> 00:36:32.800
tariff blubble blunder that we saw in April. And now

667
00:36:33.000 --> 00:36:35.280
for the year, S and P up ten percent. That's

668
00:36:35.280 --> 00:36:39.000
a killer year. And for I mean, that's exactly an

669
00:36:39.079 --> 00:36:41.280
average year. And we're only two thirds of the way

670
00:36:41.480 --> 00:36:44.800
through and the NASDAK up eleven percent for the year.

671
00:36:45.280 --> 00:36:48.880
And the next week we have, of course Monday's Labor Day,

672
00:36:49.239 --> 00:36:51.559
and uh then Friday we get the big jobs report.

673
00:36:51.639 --> 00:36:54.679
So the job's report is always a market mover for sure.

674
00:36:54.719 --> 00:36:56.400
And I think like we were talking about last time.

675
00:36:56.480 --> 00:36:59.920
If wage growth stays good, I think everyone stays happy

676
00:37:00.000 --> 00:37:01.800
because I think people will have the money to pay

677
00:37:01.840 --> 00:37:05.079
for maybe those extra care costs. If that comes in lower,

678
00:37:05.519 --> 00:37:07.760
then yeah, that could definitely be a problem, right because

679
00:37:08.000 --> 00:37:09.920
if we don't have money to pay for higher prices,

680
00:37:09.960 --> 00:37:12.119
then the companies are not going to get that, and

681
00:37:12.199 --> 00:37:13.079
who knows what happens.

682
00:37:13.159 --> 00:37:15.559
So this is a market that is priced for perfection,

683
00:37:15.960 --> 00:37:20.360
it really is. There's a tremendous fear of missing out

684
00:37:20.559 --> 00:37:23.000
of thinking that something's going to happen. Trump's going to

685
00:37:23.079 --> 00:37:25.519
do something miraculous, and I'm going to be sitting in cash.

686
00:37:26.000 --> 00:37:29.000
And if you're a money manager, all the money managers

687
00:37:29.039 --> 00:37:33.920
are competing with one another for performance. And so if

688
00:37:33.960 --> 00:37:36.599
you're in that ball game, let's see, do I take

689
00:37:36.639 --> 00:37:38.880
my ball and go off and sit down or do

690
00:37:38.960 --> 00:37:41.679
I stay in the game. And right now, staying in

691
00:37:41.719 --> 00:37:44.920
the game seems to be the preference of most money managers.

692
00:37:45.000 --> 00:37:46.519
Yeah, you know, that brings up an interesting point. I

693
00:37:46.519 --> 00:37:50.679
had a great conversation with a younger gentleman that was

694
00:37:50.719 --> 00:37:53.519
in his twenties setting up a financial plan and trying

695
00:37:53.519 --> 00:37:56.400
to understand, you know, when does it make sense to

696
00:37:56.480 --> 00:37:59.360
use an advice and we have maybe a different take

697
00:37:59.400 --> 00:38:01.960
than most advice I would say, because most advisors want

698
00:38:02.320 --> 00:38:05.320
every piece of business they can get. But what we

699
00:38:05.400 --> 00:38:06.960
do say is if you don't if you can cut

700
00:38:06.960 --> 00:38:09.079
your on hair, you don't need a barber. Right, they've

701
00:38:09.199 --> 00:38:12.239
we've met with people that have done everything right. The

702
00:38:12.280 --> 00:38:15.079
portfolio is not something we would change. They come in

703
00:38:15.119 --> 00:38:17.519
for a free financial plan and we end up don't

704
00:38:17.519 --> 00:38:17.960
do anything.

705
00:38:18.360 --> 00:38:21.679
I had six million dollar prospect I met with then

706
00:38:21.840 --> 00:38:24.119
after reviewing everything he had, I said, well, if you'd

707
00:38:24.159 --> 00:38:26.519
like to talk to somebody different, I'd love to be

708
00:38:26.599 --> 00:38:29.000
that guy, but I'm going to be doing exactly the

709
00:38:29.039 --> 00:38:30.880
same thing your guy is doing right.

710
00:38:30.920 --> 00:38:33.440
And that's sometimes you see just what should be done.

711
00:38:33.840 --> 00:38:35.679
State where he was, which is the right thing to

712
00:38:35.719 --> 00:38:36.199
do right?

713
00:38:36.239 --> 00:38:39.000
And so what we're saying for some young people, they

714
00:38:39.079 --> 00:38:40.719
understand that they should just put it in the S

715
00:38:40.760 --> 00:38:43.320
and P. Five hundred and letter ride. They're not gonna

716
00:38:43.320 --> 00:38:45.599
sell at market bottoms. They're going to keep investing dollar

717
00:38:45.639 --> 00:38:48.119
cost average, whether it's a four to one K or IRA.

718
00:38:48.280 --> 00:38:50.719
They have a systematic approach and they know they're forty

719
00:38:50.760 --> 00:38:52.679
years away and they're not going to sell for forty

720
00:38:52.719 --> 00:38:55.760
years and they're gonna just keep buying. At that point,

721
00:38:55.800 --> 00:38:57.840
it makes a hard case to know whether or not

722
00:38:57.920 --> 00:39:01.079
to be using an advisor, because if they're putting you

723
00:39:01.119 --> 00:39:03.320
in an all equity portfolio, is likely not going to

724
00:39:03.320 --> 00:39:06.199
be beating the market. There's a very small percentage of

725
00:39:06.280 --> 00:39:08.199
money managers that end up beating the S and P

726
00:39:08.320 --> 00:39:12.599
five hundred as a benchmark. Where money managers do beat

727
00:39:13.039 --> 00:39:14.920
a lot of the times is when you start benchmarking

728
00:39:14.920 --> 00:39:18.039
a sixty to forty portfolio. Because not all bonds are

729
00:39:18.039 --> 00:39:21.199
created equal, not all stock creative, and not all risk

730
00:39:21.360 --> 00:39:24.760
mitigation is created equal. Right, There is gives and takes

731
00:39:24.760 --> 00:39:28.440
to all these type of strategies, and finding which strategy

732
00:39:28.559 --> 00:39:30.719
is right for you is where an advisor gets involved.

733
00:39:31.000 --> 00:39:33.000
And we're not trying to beat the market. We're trying

734
00:39:33.000 --> 00:39:36.719
to find that allocation that will make you comfortable.

735
00:39:36.920 --> 00:39:37.119
Right.

736
00:39:37.119 --> 00:39:39.199
It will allow you to sleep night, it will allow

737
00:39:39.239 --> 00:39:42.159
you to stay in when the market does what it

738
00:39:42.199 --> 00:39:44.719
did in April, now knowing that it's going to do

739
00:39:44.800 --> 00:39:46.039
what is done since.

740
00:39:45.960 --> 00:39:48.519
Not only that day. I think maybe less than ten

741
00:39:48.519 --> 00:39:51.360
percent of our counts are even designed to match the

742
00:39:51.400 --> 00:39:53.639
market or beat the market. Correct the majority of our

743
00:39:53.679 --> 00:39:56.840
clients are with us because we're financial therapists of sorts.

744
00:39:57.079 --> 00:39:59.119
We are keeping them from making the mistakes that they

745
00:39:59.159 --> 00:40:01.800
otherwise would, but also bringing up good ideas that they

746
00:40:01.880 --> 00:40:05.920
otherwise wouldn't know to implement, and that ends up bringing

747
00:40:05.960 --> 00:40:09.360
the value that we believe much more than Trump's our

748
00:40:09.480 --> 00:40:11.960
fee that you're getting charged from us each year. But

749
00:40:12.519 --> 00:40:14.239
at the end of the day, you have to understand

750
00:40:14.239 --> 00:40:17.679
that the decumulation phases the much more complex going into retirement.

751
00:40:17.880 --> 00:40:20.119
That's why we say everyone should have a financial plan,

752
00:40:20.400 --> 00:40:22.280
even when you're young. Shold have a financial plan, but

753
00:40:22.320 --> 00:40:24.159
you don't always have to be working for an advisor.

754
00:40:24.159 --> 00:40:26.480
If you're just going to be investing in the market

755
00:40:26.559 --> 00:40:28.679
and you have a while till some other needs pop up.

756
00:40:29.119 --> 00:40:30.800
Yeah, I mean what I was gonna say is that

757
00:40:31.280 --> 00:40:33.000
a lot of people coming into retirement, they're going to

758
00:40:33.039 --> 00:40:36.239
start needing to turn their retirement nest egg into a

759
00:40:36.320 --> 00:40:38.079
check that they've been getting from their job for their

760
00:40:38.199 --> 00:40:41.280
entire life. So working with a financial advisor on how

761
00:40:41.320 --> 00:40:44.840
to do that and feeling comfortable is where we come in.

762
00:40:44.880 --> 00:40:47.360
Like you were saying, financial therapist, that is a big

763
00:40:47.400 --> 00:40:49.400
part of our job because you have to feel comfortable.

764
00:40:49.400 --> 00:40:52.880
It's a weird feeling to pay yourself after you've been

765
00:40:52.920 --> 00:40:56.599
saving for your entire career and now you're gonna drain

766
00:40:56.679 --> 00:41:00.320
it little by little. But it's not always the even

767
00:41:00.360 --> 00:41:01.840
drain it. You might not need it from one account,

768
00:41:01.880 --> 00:41:03.880
you might need it from another. It doesn't really matter.

769
00:41:03.880 --> 00:41:06.400
It's all different from your situation. But it's the idea

770
00:41:06.400 --> 00:41:08.440
of where's the money going to come from it in

771
00:41:08.519 --> 00:41:10.440
retirement and that is the biggest question, And that's the

772
00:41:10.480 --> 00:41:13.320
biggest fear that people have. Are they retiring too early?

773
00:41:13.360 --> 00:41:15.719
Can they retire how they want? Can they retire and

774
00:41:15.760 --> 00:41:18.000
spend what they want, travel how they want? And that's

775
00:41:18.000 --> 00:41:20.079
the biggest thing we do with this financial plan is

776
00:41:20.119 --> 00:41:22.199
to show them, yes, you can, you can live your

777
00:41:22.239 --> 00:41:24.800
ideal retirement or we got to pair it back a bit.

778
00:41:25.119 --> 00:41:27.320
Total mindset change and is one of the hardest things

779
00:41:27.320 --> 00:41:28.639
for people to do what they're doing.

780
00:41:28.880 --> 00:41:30.960
It's gotta be, yeah, it has to, because I mean,

781
00:41:31.559 --> 00:41:35.000
paying yourself is the weirdest feeling when you've been trained,

782
00:41:35.000 --> 00:41:36.920
and you've been you've been training yourself to save your

783
00:41:37.039 --> 00:41:37.840
entire life.

784
00:41:37.679 --> 00:41:39.960
Cumulating aswis your whole life. Now it's just now you

785
00:41:40.000 --> 00:41:40.599
have to spend.

786
00:41:40.440 --> 00:41:41.880
On and then it's also on top of that, it

787
00:41:41.960 --> 00:41:44.159
is like, I bet that feeling of now I'm in

788
00:41:44.199 --> 00:41:46.880
a whole different phase of my life. It's the third

789
00:41:46.920 --> 00:41:49.440
phase of your life. That's probably a different feeling that

790
00:41:49.480 --> 00:41:52.440
people have. They're like, oh am I old? Now am

791
00:41:52.480 --> 00:41:52.679
I this?

792
00:41:52.800 --> 00:41:53.159
And that?

793
00:41:53.440 --> 00:41:54.880
All these different things go in your head. They want

794
00:41:54.960 --> 00:41:57.159
one less thing to think about that gives them fear.

795
00:41:57.519 --> 00:41:58.880
That's where we come into help.

796
00:41:58.760 --> 00:42:02.119
And a lot of things up like medicare, rm ds,

797
00:42:02.559 --> 00:42:04.880
all these things that make you feel old kind of

798
00:42:04.960 --> 00:42:08.360
right exactly, like also number complex like how do you

799
00:42:08.360 --> 00:42:09.880
you got to be an expert in some of these things?

800
00:42:10.079 --> 00:42:10.840
Absolutely well?

801
00:42:10.840 --> 00:42:12.440
A lot of it put like and with our financial

802
00:42:12.480 --> 00:42:15.360
plan too, we have it the longevity game that we

803
00:42:15.440 --> 00:42:17.920
have to go through, and we our plans shows men

804
00:42:18.000 --> 00:42:20.039
living to ninety two, women to live into ninety four,

805
00:42:20.760 --> 00:42:23.119
just as a base if we don't want to go below,

806
00:42:23.320 --> 00:42:25.800
because even if you don't have a longevity in your family,

807
00:42:25.920 --> 00:42:27.360
you could be the first one. And we don't want

808
00:42:27.360 --> 00:42:29.280
to have you think that you're living to eighty two

809
00:42:29.880 --> 00:42:31.400
and then spend all your money at eighty two and

810
00:42:31.400 --> 00:42:32.920
then all of a sudden you live for another ten years.

811
00:42:33.199 --> 00:42:36.360
But that's also a conversation that we have during the

812
00:42:36.400 --> 00:42:40.760
meeting that mortality. It's a mortality question, and some people

813
00:42:41.000 --> 00:42:43.599
just are different about it. Other people say, no, not

814
00:42:43.639 --> 00:42:45.360
a chance. I want to live to ninety two, No

815
00:42:45.400 --> 00:42:47.360
way I'm going to. But we still show them till

816
00:42:47.440 --> 00:42:49.760
ninety two ninety four. And the other people say they got

817
00:42:49.800 --> 00:42:51.880
a lot of longevity, and that's a fear that they have.

818
00:42:52.000 --> 00:42:54.719
They say their grandma was one oh two, their dad

819
00:42:54.800 --> 00:42:57.960
is now eighty eight, ninety just living life like he's

820
00:42:57.960 --> 00:43:00.519
sixty five. Yeah, so they're like, in my run out

821
00:43:00.519 --> 00:43:02.079
of money if I live to one hundred and four.

822
00:43:02.599 --> 00:43:05.599
We keep living longer, medicine keeps getting better. Just that's

823
00:43:05.800 --> 00:43:08.239
the nature of humans that we just keep living longer

824
00:43:08.280 --> 00:43:10.239
and long and longer. Like when Social Security first came out,

825
00:43:10.239 --> 00:43:12.960
the average life expectancy was about sixty eight years old.

826
00:43:13.159 --> 00:43:14.960
That's why it works so well. Now it doesn't work

827
00:43:15.000 --> 00:43:17.320
so well because people are live into one hundred. So

828
00:43:17.519 --> 00:43:19.639
that's a big fear too that they got to look through.

829
00:43:20.079 --> 00:43:23.079
And when you have kids, like we call ourselves because

830
00:43:23.079 --> 00:43:26.079
we're twenty thirties forty, you know, you have so much

831
00:43:26.159 --> 00:43:29.199
time that should just be investing in the market. Make

832
00:43:29.239 --> 00:43:31.599
sure you have three to six months of emergency savings.

833
00:43:31.880 --> 00:43:35.119
Once you have some dependence, look at getting some insurance. Right,

834
00:43:35.159 --> 00:43:39.840
but there's not too much complexities, but sometimes it's still

835
00:43:39.840 --> 00:43:40.320
too much.

836
00:43:40.440 --> 00:43:40.599
Right.

837
00:43:40.639 --> 00:43:42.880
Some people just have absolutely no and they need to

838
00:43:42.920 --> 00:43:46.119
have someone keep them accountable. So if you are otherwise

839
00:43:46.199 --> 00:43:48.280
a young person and you're not going to be saving,

840
00:43:48.320 --> 00:43:50.719
if someone's not pounding you on the table reminding you

841
00:43:50.760 --> 00:43:54.159
to do so, or setting up account that makes you

842
00:43:54.280 --> 00:43:57.599
automatically invest each month, then that also shows the value

843
00:43:57.599 --> 00:43:58.239
of an advisor.

844
00:43:58.320 --> 00:44:01.480
We always tell younger people that treat it like a bill.

845
00:44:02.239 --> 00:44:05.679
Treat your roth Ira contribution like a monthly bill like

846
00:44:05.719 --> 00:44:07.719
it's your utilities. You can put one hundred dollars away,

847
00:44:07.760 --> 00:44:10.719
you can put fifty dollars away, two hundred, whatever it is.

848
00:44:11.159 --> 00:44:13.519
You keep doing it month by month, and that's how

849
00:44:13.559 --> 00:44:15.559
you build the habit. It's not necessarily how much you

850
00:44:15.599 --> 00:44:18.360
put away. If you're eighteen and you got your first

851
00:44:18.440 --> 00:44:21.119
job and now you can open a roth Ira and

852
00:44:21.320 --> 00:44:24.559
invest and contribute, but it can it's only twenty dollars

853
00:44:24.599 --> 00:44:27.440
a month, then start with twenty dollars a month, because

854
00:44:27.440 --> 00:44:29.039
then you have it in your mind that you can

855
00:44:29.159 --> 00:44:32.519
put away money, you can build that habit of investing

856
00:44:32.679 --> 00:44:35.920
and building wealth on the investment side.

857
00:44:35.800 --> 00:44:37.280
It's great life. God, will we get a couple of

858
00:44:37.280 --> 00:44:39.960
minutes left to bitcoing down seven percent? What are you thinking?

859
00:44:40.199 --> 00:44:42.320
Yeah? I mean I was telling the guys earlier in

860
00:44:42.320 --> 00:44:43.800
the week, I'm like, it's going to one hundred k,

861
00:44:43.840 --> 00:44:45.320
and then you really think that, and I'm like.

862
00:44:45.400 --> 00:44:46.320
Going down to one hundred k.

863
00:44:46.440 --> 00:44:48.199
But the way the charge, yeah this time is going

864
00:44:48.239 --> 00:44:50.159
down to it the way yeah, the way the chart's looking,

865
00:44:50.280 --> 00:44:53.719
it doesn't look good. One away is a nice support

866
00:44:53.800 --> 00:44:56.519
level to where we closed this week. I think we

867
00:44:56.599 --> 00:44:59.360
close on like Saturday of some weird time. That'll be interesting.

868
00:44:59.679 --> 00:45:02.559
But technically speaking, I do think the momentum is gonna

869
00:45:02.599 --> 00:45:04.400
lead us down to one hundred k retest a fifty

870
00:45:04.480 --> 00:45:07.199
day moving average, and I accept a little bit of

871
00:45:07.199 --> 00:45:07.800
a pop after that.

872
00:45:07.920 --> 00:45:09.280
Yeah. I think the one hundred and eight was where

873
00:45:09.280 --> 00:45:12.440
it broke out and made that quick run to.

874
00:45:12.239 --> 00:45:14.679
You kind of got a support level now flipped.

875
00:45:14.440 --> 00:45:16.039
And it popped up to one twenty four and then

876
00:45:16.039 --> 00:45:19.000
back down. It's it's not for it was down seven

877
00:45:19.039 --> 00:45:21.679
percent on the week. I was surprised to see interest

878
00:45:21.760 --> 00:45:25.280
rates didn't do much this week. The Fed is in

879
00:45:25.400 --> 00:45:28.159
charge of short term rates, that's what they can influence.

880
00:45:28.639 --> 00:45:30.719
They can't do much for long term rates, and so

881
00:45:31.119 --> 00:45:33.519
we are seeing short term rates kind of tick down

882
00:45:33.519 --> 00:45:37.559
a little bit, but longer term rates are remaining stubbornly high.

883
00:45:37.760 --> 00:45:40.239
Yeah, not a great sign for the Fed. When the

884
00:45:40.239 --> 00:45:43.239
bob market starts fighting the Fed, there's gonna be some

885
00:45:43.280 --> 00:45:46.480
interesting things. There is some interesting things going on with

886
00:45:46.519 --> 00:45:48.880
the liquidity. So September is gonna be a huge month

887
00:45:48.960 --> 00:45:51.880
of what the Fed says. I'm maybe somewhere with the

888
00:45:52.639 --> 00:45:56.679
Fed governors say, obviously, with Trump trying to fire Lisa Cook,

889
00:45:56.719 --> 00:45:58.519
and that's in the court right now seeing if he

890
00:45:58.599 --> 00:46:02.360
has the authority to do so. Other speeches from Fed governors,

891
00:46:02.360 --> 00:46:04.599
what they say about the upcoming interest rate meetings and

892
00:46:04.639 --> 00:46:07.760
things like that, maybe even more important than the upcoming

893
00:46:07.840 --> 00:46:08.880
job support next week.

894
00:46:08.920 --> 00:46:11.199
They do. The members of the Federals do have fourteen

895
00:46:11.280 --> 00:46:16.559
year terms. So unless you've committed mortgage fraud, you probably

896
00:46:16.639 --> 00:46:19.039
you know, you better keep your house in order because

897
00:46:19.079 --> 00:46:22.320
Trump's looking to replace you with all kinds of people

898
00:46:22.320 --> 00:46:24.480
that are lower interest rates. Right.

899
00:46:24.719 --> 00:46:27.039
I wonder if politicians also get checked if they do

900
00:46:27.119 --> 00:46:29.480
mortgage fraud. I mean, we know they can do insider trading,

901
00:46:29.599 --> 00:46:30.840
but they pretty.

902
00:46:30.679 --> 00:46:33.400
Much can't do anything they want, right because they kind

903
00:46:33.400 --> 00:46:35.079
of watch each other's back. It seems like it.

904
00:46:35.199 --> 00:46:37.639
Yeah, it's how wout we just change the law to

905
00:46:37.719 --> 00:46:38.920
make sure that we can't get oil?

906
00:46:39.239 --> 00:46:42.119
Oil unchanged? On the weekend, sixty four bucks, gold up

907
00:46:42.159 --> 00:46:43.519
another up one hundred bucks.

908
00:46:43.559 --> 00:46:45.599
What do you think about oil at sixty four? I mean,

909
00:46:45.599 --> 00:46:46.599
that's just that's.

910
00:46:46.519 --> 00:46:48.400
Kind of a good spot for it. I think that's

911
00:46:48.400 --> 00:46:51.159
a good spot for the consumer, is a good spot

912
00:46:51.199 --> 00:46:54.559
for the companies. They can make good money there. Gas

913
00:46:54.599 --> 00:46:57.480
prices are low, it's a very workable number.

914
00:46:57.880 --> 00:47:00.440
It's funny it's gas prices are low. The oil really

915
00:47:00.480 --> 00:47:02.079
didn't change the last week. But I noticed that the

916
00:47:02.119 --> 00:47:05.159
gas station near my house unleaded one from two eighty

917
00:47:05.239 --> 00:47:08.119
nine to three h nine, really, and then the one

918
00:47:08.119 --> 00:47:10.840
down the street on the way to Tucson High is

919
00:47:10.920 --> 00:47:13.679
three to nineteen, and those were under three dollars for

920
00:47:13.760 --> 00:47:16.480
the last few weeks. But I know oil hasn't changed,

921
00:47:16.760 --> 00:47:18.840
so I don't know if something was lagging between it,

922
00:47:18.920 --> 00:47:21.079
or if it's speedway alone or a CIRCLEK or something

923
00:47:21.119 --> 00:47:22.880
with those companies. It was just interesting.

924
00:47:23.159 --> 00:47:25.519
Back with the second half right after this, Fatty, thanks

925
00:47:25.519 --> 00:47:26.679
again for listening to us.

926
00:47:26.920 --> 00:47:29.159
Welcome back to the second hour of the Money Matter Show.

927
00:47:29.159 --> 00:47:31.599
Thank you everyone for tuning in. I'm Dylan Greenberg here

928
00:47:31.599 --> 00:47:34.519
with Dave Sherwood, Sebastian Borsini, Todd Glick, and Dean Greenberg.

929
00:47:34.559 --> 00:47:36.239
We got a full house today talking a lot about

930
00:47:36.280 --> 00:47:38.960
what's going on in the markets. Big things going on

931
00:47:39.039 --> 00:47:42.159
are always the FED and Video was last week where

932
00:47:42.480 --> 00:47:44.159
it had good earnings and the showing that the AI

933
00:47:44.400 --> 00:47:47.639
craze is still here and gonna stay and it's moving forward.

934
00:47:47.800 --> 00:47:49.400
For those of you just tuning in, the Dow was

935
00:47:49.440 --> 00:47:52.039
down point two percent for the week, SMP five hundred

936
00:47:52.079 --> 00:47:54.599
was down point one percent, NASDAK was down point two percent.

937
00:47:54.960 --> 00:47:57.239
Russell two thousand, which is a small cap companies, was

938
00:47:57.320 --> 00:47:59.639
up point two percent, and the equal way to SMP

939
00:47:59.719 --> 00:48:02.119
five hundred was down zero point five percent. The S

940
00:48:02.159 --> 00:48:03.880
and P five hundred during the week hit an all

941
00:48:03.880 --> 00:48:06.880
time high at sixty five oh eight, so we saw

942
00:48:06.880 --> 00:48:08.679
over sixty five hundred for the first time when I

943
00:48:08.719 --> 00:48:12.039
was after end videos earnings reports. Also, those of you

944
00:48:12.119 --> 00:48:14.599
just tuning in. We do have a seminar coming up.

945
00:48:14.639 --> 00:48:17.199
It's more of a workshop on September twenty sixth over

946
00:48:17.239 --> 00:48:20.159
Atlapoloma Country Club, where we are going to go through

947
00:48:20.360 --> 00:48:22.480
the financial plan that we always talk about on the show.

948
00:48:22.920 --> 00:48:26.119
We are going to go through a pretty basic one

949
00:48:26.119 --> 00:48:28.400
in the sense it's gonna be generics, Jane Doe, John Doe,

950
00:48:28.440 --> 00:48:31.000
stuff like that and whole numbers to give you an

951
00:48:31.000 --> 00:48:33.559
idea of what the financial plan is and how dynamic

952
00:48:33.599 --> 00:48:35.639
it really can be. And if it's something you've been

953
00:48:35.639 --> 00:48:38.079
thinking about calling us for to set up a meeting

954
00:48:38.159 --> 00:48:39.360
but you didn't know if it was time, or you're

955
00:48:39.360 --> 00:48:41.599
just a little interested but you haven't set the time

956
00:48:41.639 --> 00:48:43.519
aside to go set up a meeting, this might be

957
00:48:43.559 --> 00:48:45.639
for you. You're gonna get lunch, You're gonna get some drink.

958
00:48:45.719 --> 00:48:50.639
There's drinks and coke and that yeah no alcohol drinks

959
00:48:51.039 --> 00:48:53.599
right when I said that was probably gotta clarify that.

960
00:48:53.679 --> 00:48:56.880
But yeah, So it's gonna be a lunch workshop and

961
00:48:56.920 --> 00:48:58.400
we'll get you an idea of how we do this

962
00:48:58.440 --> 00:49:01.760
financial plan. So if you're interested, go to our website,

963
00:49:01.800 --> 00:49:03.519
give us a call. You can go to our website

964
00:49:03.519 --> 00:49:05.920
at Greenberg Financial dot com or call us at five

965
00:49:06.000 --> 00:49:08.599
two zero five four four four nine zero nine.

966
00:49:08.760 --> 00:49:10.679
And I just remembered also we had a client come

967
00:49:10.719 --> 00:49:13.320
in that originally did a financial plan like a year

968
00:49:13.360 --> 00:49:17.360
and a half ago and then came back into restart

969
00:49:17.360 --> 00:49:19.960
it right. You know, life gets busy. Who knows what

970
00:49:20.079 --> 00:49:23.079
happens and then wants to come back in and redo it. So,

971
00:49:23.320 --> 00:49:25.239
you know, we know there's a lot of listeners that

972
00:49:25.320 --> 00:49:27.639
have come into us through the years and have done

973
00:49:27.639 --> 00:49:30.280
the financial plan, maybe didn't end up doing business, but

974
00:49:30.679 --> 00:49:32.760
still want to review the financial plan. We're still here

975
00:49:32.760 --> 00:49:35.000
for you. Feel free to come in and we can

976
00:49:35.519 --> 00:49:37.679
check it, do another analysis for you if you think

977
00:49:37.719 --> 00:49:40.000
there needs to be one. At the end of the day,

978
00:49:40.039 --> 00:49:43.719
we're here to be an educational resource, So if if

979
00:49:43.760 --> 00:49:46.320
there is that opportunity, feel free to give us a call.

980
00:49:46.400 --> 00:49:48.599
Most people know we record the show after the close

981
00:49:48.679 --> 00:49:52.239
on Friday to air on Sunday, So tonight for Friday

982
00:49:52.320 --> 00:49:55.280
Night is the first game of the season for the

983
00:49:55.320 --> 00:49:59.480
Tucson High Badgers, actually for most high school teams. And

984
00:50:00.280 --> 00:50:04.760
and Dylan and Sebastian all serve as coaches of Tucson Hi.

985
00:50:04.840 --> 00:50:07.119
So I had a fun fact that has to do

986
00:50:07.159 --> 00:50:09.800
with Tucson. Hi a fun fact that I know about

987
00:50:09.920 --> 00:50:12.280
because I've lived here for fifty three years. But I

988
00:50:12.280 --> 00:50:15.440
don't think hardly anybody else knows about this, only because

989
00:50:15.480 --> 00:50:19.559
it's such a unique fun fact. The University of Arizona

990
00:50:19.679 --> 00:50:25.599
opened their doors fifteen years before Tucson High School. There

991
00:50:25.719 --> 00:50:28.800
was no high school in Tucson when the University of

992
00:50:28.800 --> 00:50:33.800
Arizona opened their doors. That shocks most people. There was

993
00:50:33.840 --> 00:50:37.400
no high schools in Arizona when the University of Arizona

994
00:50:37.639 --> 00:50:38.320
opened their door.

995
00:50:38.440 --> 00:50:41.079
I believe University of Arizona granted.

996
00:50:41.280 --> 00:50:45.440
Yeah, the territorial the territorial governor was really anxious to

997
00:50:45.920 --> 00:50:50.239
support higher education, and so a goal was to establish

998
00:50:50.559 --> 00:50:54.079
a college a university, which they did. Of course, in Tucson.

999
00:50:55.079 --> 00:50:57.480
There were no public schools at all in Arizona, so

1000
00:50:57.599 --> 00:51:01.719
students were not prepared to enter university obviously, right, So

1001
00:51:01.800 --> 00:51:06.320
the University of Arizona offered its own preparatory classes from

1002
00:51:06.480 --> 00:51:09.679
eighteen ninety one when they opened the door to nineteen

1003
00:51:09.800 --> 00:51:13.280
thirteen nineteen fourteen area where the Tuson High opened. In

1004
00:51:13.320 --> 00:51:17.280
the inaugural year, the majority of students twenty six out

1005
00:51:17.320 --> 00:51:20.079
of thirty two. There were thirty two students twenty six

1006
00:51:20.159 --> 00:51:22.880
somewhere there for the prep classes because they needed to

1007
00:51:23.039 --> 00:51:25.800
do the prep classes before they could become freshmen. And

1008
00:51:25.840 --> 00:51:28.440
there were six people in the freshman class. So the

1009
00:51:28.519 --> 00:51:31.159
University of Arizona opened fifteen years before there was any

1010
00:51:31.239 --> 00:51:32.800
high school in Arizona.

1011
00:51:32.920 --> 00:51:36.280
I think it was even like secondary school. It's crazy

1012
00:51:36.440 --> 00:51:37.239
no public schools.

1013
00:51:37.239 --> 00:51:38.840
There was no public school and there was no public

1014
00:51:38.840 --> 00:51:40.559
school system. When the University of.

1015
00:51:40.559 --> 00:51:43.159
Arizona is school Wow Wow West in eighteen hundreds.

1016
00:51:42.840 --> 00:51:44.880
Kind of funny. And you start with the university, that

1017
00:51:45.000 --> 00:51:46.679
just kind of is backwards, right. Wouldn't you start with

1018
00:51:46.760 --> 00:51:48.719
kindergarten first g and work your way up to the

1019
00:51:48.840 --> 00:51:52.679
university to start with the university something we're hearing a

1020
00:51:52.719 --> 00:51:55.480
lot about on the news, and this is just something

1021
00:51:55.480 --> 00:51:57.039
that's kind of been bugging me and I'm going to

1022
00:51:57.159 --> 00:52:00.519
talk about it a little bit on the radio. Manding.

1023
00:52:00.719 --> 00:52:04.000
I think most people know what jerry mannering is. If

1024
00:52:04.039 --> 00:52:08.320
you don't, jerry mandering is the process of manipulating electoral

1025
00:52:08.360 --> 00:52:12.039
boundaries to favor one party or the other. There's been

1026
00:52:12.079 --> 00:52:15.360
an awful lot of grief in Texas. The Democrats left

1027
00:52:15.400 --> 00:52:19.960
the state again. California said if Texas does this, we're

1028
00:52:20.000 --> 00:52:23.719
going to do it. One thing that nobody's talking about

1029
00:52:24.000 --> 00:52:29.519
is Democrats have excelled at this for decades. They have

1030
00:52:29.639 --> 00:52:36.079
been very quietly but very successfully jerry mandering wherever possible.

1031
00:52:36.800 --> 00:52:40.559
In twenty twenty four, there were seven states todd where

1032
00:52:40.599 --> 00:52:43.960
Trump got more than forty percent of the votes, and

1033
00:52:44.000 --> 00:52:48.920
those seven states have zero Republicans in Congress forty percent

1034
00:52:48.920 --> 00:52:53.199
of the vote, zero republicans in Congress. California he got

1035
00:52:53.239 --> 00:52:55.920
thirty eight percent of the vote. Twenty percent of their

1036
00:52:55.960 --> 00:53:00.440
representatives are in Congress. Why that are Republican? Why is that? Manory?

1037
00:53:01.199 --> 00:53:04.880
The worst is the Illinois forty four percent, almost half

1038
00:53:04.920 --> 00:53:07.880
of the vote went to Trump. Seventeen percent of the

1039
00:53:07.920 --> 00:53:12.159
members of the House representatives are from Illinois. From Illinois,

1040
00:53:12.760 --> 00:53:16.159
I don't know. The Democrats just and I've been watching

1041
00:53:16.199 --> 00:53:18.760
this kind of for years ago. Why why is nobody

1042
00:53:18.800 --> 00:53:21.320
paying attention to this? Why? And they get they get

1043
00:53:21.360 --> 00:53:24.920
a Democratic legislature. And the thing the problem I have,

1044
00:53:25.199 --> 00:53:28.039
I don't know how Texas has became so public. I

1045
00:53:28.079 --> 00:53:30.320
guess it's because the Democrats are wait, wait, wait, this

1046
00:53:30.440 --> 00:53:33.039
is our thing. We do this, You're not allowed.

1047
00:53:32.760 --> 00:53:34.800
To do this, and the whole thing is just annoying

1048
00:53:34.840 --> 00:53:37.239
to me. You like the electoral college too, Like, why

1049
00:53:37.239 --> 00:53:38.599
can't we just have a simple vote.

1050
00:53:38.639 --> 00:53:40.960
Wouldn't it be nice if the House, because then New

1051
00:53:41.039 --> 00:53:44.199
York and California would control the entire country. We've hand well,

1052
00:53:44.440 --> 00:53:45.960
they don't have that much people, and yeah they would.

1053
00:53:46.039 --> 00:53:48.679
Yeah, And like the gerrymandering thing. The thing I think,

1054
00:53:49.360 --> 00:53:51.280
like the Democrats are all up in arms about is

1055
00:53:51.320 --> 00:53:55.039
that it's mid decade because for whatever reason you do that,

1056
00:53:55.079 --> 00:53:58.679
every decade is changed the with a census. Yeah was

1057
00:53:58.920 --> 00:54:00.440
I mean, but then you like you said, you got

1058
00:54:00.480 --> 00:54:06.639
forty four percent four years every decade for for the gerrymandering. Yeah,

1059
00:54:06.679 --> 00:54:08.280
but you can do it mid decades. There's been a

1060
00:54:08.320 --> 00:54:10.440
few times in the past that has happened. But it's

1061
00:54:10.440 --> 00:54:12.360
when So then when you do it in the decade,

1062
00:54:12.360 --> 00:54:14.519
they say no, no, it's no problem. But it's clearly

1063
00:54:14.719 --> 00:54:16.159
skewing one way or another.

1064
00:54:16.639 --> 00:54:20.559
Yeah, Okay, he's not mid decade. If the popular vote

1065
00:54:20.599 --> 00:54:23.320
has gone to Trump twice, now, how would he not

1066
00:54:23.440 --> 00:54:25.119
win if it was just straight up like that?

1067
00:54:25.239 --> 00:54:29.280
There there's been cases where the electoral college went the

1068
00:54:29.320 --> 00:54:30.920
winner of electoral College, did not win the.

1069
00:54:30.880 --> 00:54:33.719
Popeatah, Trump didn't win the popular vote with So it's

1070
00:54:33.719 --> 00:54:34.519
not for the first time.

1071
00:54:34.559 --> 00:54:36.480
It's not a topic we want to get stuck in. No,

1072
00:54:36.800 --> 00:54:39.159
wouldn't it be nice if the House of Representatives was

1073
00:54:39.239 --> 00:54:41.760
actually representative? Would that be nice?

1074
00:54:41.840 --> 00:54:45.039
Yeah? I didn't realize really that much about Jerry Mander forty.

1075
00:54:44.760 --> 00:54:48.880
Four percent of the Republican Illinois forty four percent of Republican,

1076
00:54:49.280 --> 00:54:53.320
seventeen percent of the representatives. Yeah, it's ridiculous.

1077
00:54:53.320 --> 00:54:55.400
Make a little more even to what is what it

1078
00:54:55.440 --> 00:54:55.920
actually is.

1079
00:54:56.000 --> 00:54:58.480
Well, it's all stems off of to me, the electoral College.

1080
00:54:58.800 --> 00:55:00.559
This is a similar system before state.

1081
00:55:00.440 --> 00:55:04.079
Eli Lilly Uh the farmer Giant five percent up on

1082
00:55:04.119 --> 00:55:07.480
Tuesday after the company's weight loss pill cleared another late

1083
00:55:07.519 --> 00:55:10.239
stage trial. You know the pill. We talked about the pill.

1084
00:55:10.280 --> 00:55:14.440
Everybody would rather have a pill, including Lily, because the

1085
00:55:14.480 --> 00:55:19.519
pill is much much easier to manufacture, a lot easier

1086
00:55:19.559 --> 00:55:22.480
to ship, and a lot easier to store. So Lily

1087
00:55:22.519 --> 00:55:26.519
would love to replace their injectible weight loss drugs with

1088
00:55:26.639 --> 00:55:30.079
a pill, so they give that that. Here's the problem

1089
00:55:30.119 --> 00:55:32.320
I had though. The higher dose of the pill help

1090
00:55:32.360 --> 00:55:37.639
patients lose ten percent of their weight over seventy two weeks. Now,

1091
00:55:37.679 --> 00:55:43.000
that's half of the loss from the injectible. Is the

1092
00:55:43.119 --> 00:55:47.480
injectible that much more onerous that you're willing to accept

1093
00:55:47.519 --> 00:55:51.559
half of the results? And is it? And the pill

1094
00:55:51.639 --> 00:55:53.760
probably is going to be quite a bit cheaper.

1095
00:55:54.320 --> 00:55:56.280
That's the biggest thing. Is probably gonna be the cheaper

1096
00:55:56.280 --> 00:55:58.559
they'll take. They'll take half the way loss if it's cheaper.

1097
00:55:58.880 --> 00:56:00.519
If you can get ten percent of your weight loss,

1098
00:56:00.519 --> 00:56:03.360
that's for most people, that's that's good, right, Yeah, and

1099
00:56:03.400 --> 00:56:07.679
as much cheaper having to inject yourself every day for

1100
00:56:07.920 --> 00:56:12.039
the twenty percent weight loss. So no, no, it seems

1101
00:56:12.079 --> 00:56:14.599
like like it's it's going down there way. Hey, COVID

1102
00:56:14.679 --> 00:56:17.159
still out there, you know that, right? You had a

1103
00:56:17.159 --> 00:56:22.840
lot about COVID. The FDA on Wednesday approved the latest

1104
00:56:22.920 --> 00:56:26.239
round of COVID vaccines, but set new limits on who

1105
00:56:26.280 --> 00:56:28.079
can get them. So what they're doing and they're saying,

1106
00:56:28.239 --> 00:56:29.920
all right, the government will pay for this, but we're

1107
00:56:30.159 --> 00:56:34.480
we're gonna really restrict who can get them people sixty

1108
00:56:34.519 --> 00:56:39.679
five and older, younger adults with at least one underlying condition.

1109
00:56:41.679 --> 00:56:43.440
I was listening to the press and they were all

1110
00:56:43.519 --> 00:56:46.280
up in arms about well, what if you just want

1111
00:56:46.320 --> 00:56:50.159
a COVID shot. And I'm thinking we're down the road

1112
00:56:50.239 --> 00:56:54.199
now five years on this COVID thing. We've all had

1113
00:56:54.440 --> 00:56:58.960
COVID at least once or twice or three times. You

1114
00:56:58.960 --> 00:57:02.559
would think we've developed some type of an immunity against

1115
00:57:02.599 --> 00:57:07.840
serious disease from COVID at this point. Now, if you're

1116
00:57:07.960 --> 00:57:11.559
immune compromised, absolutely you should be allowed to get a

1117
00:57:11.639 --> 00:57:14.760
vaccine if you want one. I'm just curious as to

1118
00:57:14.840 --> 00:57:17.920
who is going to get those. The one, the one

1119
00:57:17.920 --> 00:57:19.880
company I can't remember who it was, came out with

1120
00:57:19.920 --> 00:57:24.960
a combination flu in covid was another asks came out

1121
00:57:24.960 --> 00:57:27.639
with a combination flu in COVID shot, and everybody goes

1122
00:57:27.679 --> 00:57:29.159
in No, I don't think so. Yeah.

1123
00:57:29.199 --> 00:57:31.119
I mean, while we're on healthcare, let's keep with a

1124
00:57:31.239 --> 00:57:35.679
CDC director. She got fired. Trump does not like her,

1125
00:57:36.239 --> 00:57:40.480
So I think rf she do directs the CDC. I mean,

1126
00:57:40.559 --> 00:57:43.599
the CDC is supposed to be you know, disease control,

1127
00:57:43.840 --> 00:57:48.079
whatever that entails. And that's gonna be a point that

1128
00:57:48.760 --> 00:57:50.599
the person replaced him as appoint you by you know,

1129
00:57:50.760 --> 00:57:53.960
RFK team something like that. But yeah, I mean, just

1130
00:57:54.000 --> 00:57:57.440
another political political weapon that Trump's using to try to

1131
00:57:57.480 --> 00:58:00.679
make things better in his opinion, right, So we're doing

1132
00:58:00.719 --> 00:58:03.079
it with Lisa Cook, try to get rates lower, doing

1133
00:58:03.119 --> 00:58:05.599
with the healthcare system and trying to get you know,

1134
00:58:05.679 --> 00:58:08.280
get the healthcare system better. So you know, he's a

1135
00:58:08.320 --> 00:58:09.079
mover and shaker.

1136
00:58:09.400 --> 00:58:14.480
He is an amazing level of energy and amazing idea.

1137
00:58:14.599 --> 00:58:18.679
I mean he he chimed in on the cracker barrel logo.

1138
00:58:18.800 --> 00:58:21.639
I mean seriously, oh, yeah, that's interesting.

1139
00:58:21.920 --> 00:58:24.280
Why would why would you chime in on the cracker

1140
00:58:24.360 --> 00:58:29.360
barrel logo? I mean, how can you have even.

1141
00:58:27.800 --> 00:58:30.039
Be well, yeah, Sidney Sweeney, you think about that one.

1142
00:58:30.039 --> 00:58:31.679
He chimed in on that ad. Why do you have

1143
00:58:31.719 --> 00:58:32.679
to chime in on the ad?

1144
00:58:32.920 --> 00:58:35.960
Like, how can you even begin to have the time

1145
00:58:36.000 --> 00:58:37.639
to care about this? That kind of stuff.

1146
00:58:37.679 --> 00:58:39.400
But also, I mean the reporters try to just get

1147
00:58:39.440 --> 00:58:42.679
him into any funny question that to get the clickbait.

1148
00:58:42.760 --> 00:58:44.800
So it's not his fault either. I mean, if you're

1149
00:58:44.840 --> 00:58:48.519
asked stupid question, what other president would have been asked, Hey,

1150
00:58:48.519 --> 00:58:51.280
did you see the Sidney Sweeney ad? Imagine asking Barack

1151
00:58:51.320 --> 00:58:51.960
Obama that?

1152
00:58:52.239 --> 00:58:55.440
Yeah, and Trump would say it's the hottest ad on TV.

1153
00:58:55.480 --> 00:58:58.239
You know why he said that because the reporter said,

1154
00:58:58.280 --> 00:59:02.000
did you know she's a registered Republican? And then he said, well,

1155
00:59:02.000 --> 00:59:04.159
then there's the hottest ad on TV. That was interest

1156
00:59:04.480 --> 00:59:07.400
to that question. But all you saw on the news

1157
00:59:07.519 --> 00:59:10.119
was Trump saying she's the hottest thing. You know, whatever,

1158
00:59:10.719 --> 00:59:13.159
it's just anything you can We'll talk about.

1159
00:59:13.239 --> 00:59:15.760
Crackerbell, right, popped eight percent when they moved back to

1160
00:59:15.800 --> 00:59:19.400
their old logo. Said we're sorry, we understand cracker leaning

1161
00:59:19.440 --> 00:59:23.079
against the barrels more what you guys want, no DEI so.

1162
00:59:23.480 --> 00:59:25.960
Yeah, and then try and then Trump Trump actually weighed

1163
00:59:25.960 --> 00:59:27.880
in on and then the next day they went back

1164
00:59:27.880 --> 00:59:30.440
to the old logo. And I'm thinking, if I'm Cracker Barrel,

1165
00:59:30.519 --> 00:59:32.840
you got to be just sitting there going seriously.

1166
00:59:32.559 --> 00:59:34.079
That's me, the head of that marketing team.

1167
00:59:34.199 --> 00:59:36.480
I mean, sure, when it drops what ten percent, just

1168
00:59:36.480 --> 00:59:39.239
because of the logo. Again, nothing changed within the business

1169
00:59:39.239 --> 00:59:41.400
model whatsoever, it's a bye.

1170
00:59:41.519 --> 00:59:41.719
Yeah.

1171
00:59:41.719 --> 00:59:43.280
But you said the same thing about bud Light. Who

1172
00:59:43.320 --> 00:59:46.639
knows how long that lasts that's the problem. But Light

1173
00:59:46.719 --> 00:59:49.679
lasted for about six months. It didn't come back certainly. Well, no,

1174
00:59:49.760 --> 00:59:51.559
it's not bud Light's Anheuser Busch.

1175
00:59:51.599 --> 00:59:53.039
Right. I went to I went to dinner with a

1176
00:59:53.920 --> 00:59:58.639
some friends and just I'm a right leaning person and

1177
00:59:58.679 --> 01:00:00.480
these people are one hundred and eighty to greased the

1178
01:00:00.480 --> 01:00:03.400
other direction, the total lefties. In fact, so much so

1179
01:00:03.559 --> 01:00:06.400
that she uh went out and picketed on No King's Day?

1180
01:00:06.480 --> 01:00:09.480
Right that so, uh, that's how opposite we are politically,

1181
01:00:09.599 --> 01:00:11.960
and yet we get along great. I like them, they

1182
01:00:12.159 --> 01:00:15.559
like us. And I asked her, we're waiting for my

1183
01:00:15.599 --> 01:00:17.440
wife to arrive and have a little dead time. I said,

1184
01:00:18.039 --> 01:00:20.960
what what does the left think about Elon Musk? Now,

1185
01:00:21.440 --> 01:00:24.920
I'm just curious. She didn't know, didn't have an opinion,

1186
01:00:24.960 --> 01:00:26.760
you know, I mean because because they loved him when

1187
01:00:26.760 --> 01:00:29.159
he was building these electric cars that everybody was going

1188
01:00:29.199 --> 01:00:32.000
to drive. Then they hated him when he did the

1189
01:00:32.400 --> 01:00:32.760
you know.

1190
01:00:33.000 --> 01:00:35.480
Doge not canceled out And now we're.

1191
01:00:35.559 --> 01:00:39.239
In now where you know, it's it's like my tesla,

1192
01:00:39.239 --> 01:00:40.599
I don't know what eternal left or right?

1193
01:00:40.639 --> 01:00:44.280
You know, it's well, I mean there's just one Elon

1194
01:00:44.400 --> 01:00:47.320
Musk statement, you know, bashing Trump away and then back

1195
01:00:47.360 --> 01:00:48.280
on liberal side.

1196
01:00:48.440 --> 01:00:50.519
So has is it just me? Or he is he

1197
01:00:50.599 --> 01:00:51.960
gone very quiet?

1198
01:00:52.239 --> 01:00:54.320
Maybe? Yeah, I guess so you could say that.

1199
01:00:54.400 --> 01:00:58.119
And I think somebody said I think somebody said, Elon Union,

1200
01:00:58.199 --> 01:01:01.119
shut up quite on evil. You're killing this business. You're

1201
01:01:01.840 --> 01:01:03.239
he's still talking. You need to be quiet.

1202
01:01:03.239 --> 01:01:05.440
He's on x every day.

1203
01:01:04.639 --> 01:01:07.360
Oh he's not, but it's not getting reported, so it's

1204
01:01:07.400 --> 01:01:09.800
not controversial. I guess that he's.

1205
01:01:09.800 --> 01:01:10.199
What he did.

1206
01:01:10.280 --> 01:01:12.440
I mean, I remember seeing a CEO and I'm sorry

1207
01:01:12.480 --> 01:01:16.000
in the video CEO talking on a video about how

1208
01:01:16.079 --> 01:01:18.840
much he's impressed by Elon Musk. He said, what Elon

1209
01:01:18.960 --> 01:01:22.840
Musk did with Xai, being able to create that GROX

1210
01:01:22.840 --> 01:01:26.039
system in almost ninety days, he said, is something singular.

1211
01:01:26.159 --> 01:01:28.199
He's never seen any business owner do it, because no

1212
01:01:28.280 --> 01:01:31.239
other business owner has that level of expertise from the

1213
01:01:31.280 --> 01:01:35.679
supply chain to the engineering to the the chips right

1214
01:01:35.840 --> 01:01:38.360
how an AI system actually would work. I mean, he

1215
01:01:38.480 --> 01:01:41.360
has knowledge in every single field that would take something

1216
01:01:42.440 --> 01:01:45.039
and produce something as large as an AI system and

1217
01:01:45.079 --> 01:01:47.039
just not they didn't have that at all.

1218
01:01:47.440 --> 01:01:51.159
You wonder if he has that kind of smart or

1219
01:01:51.199 --> 01:01:53.800
if he simply is surrounded by really smart.

1220
01:01:53.519 --> 01:01:56.119
People, well then he I feel like, you still have

1221
01:01:56.159 --> 01:02:00.039
to understand the level to direct the orchestra. Yeah, and

1222
01:02:00.119 --> 01:02:03.239
you have to know why that violinist plays that way

1223
01:02:03.400 --> 01:02:05.400
and why that fits in the orchestra.

1224
01:02:05.760 --> 01:02:07.639
I personally think he's brilliant, but it's.

1225
01:02:07.519 --> 01:02:10.400
Just amazing, I think. And in the long run, we've

1226
01:02:10.440 --> 01:02:13.360
talked about how Tesla, which maybe goes why he's silently

1227
01:02:13.360 --> 01:02:15.440
trying to work on it. He's got that new two

1228
01:02:15.480 --> 01:02:17.679
you deal the long term is the robots, and you

1229
01:02:17.760 --> 01:02:19.920
know it's not the ev cars. And if there is

1230
01:02:20.000 --> 01:02:22.079
one person that can figure out how to get a

1231
01:02:22.079 --> 01:02:25.840
low cost robot to the everyday consumer, I couldn't think

1232
01:02:25.840 --> 01:02:27.360
of a better person than Elon Musk.

1233
01:02:27.480 --> 01:02:29.119
I agree with you one hundred percent. We've talked a

1234
01:02:29.159 --> 01:02:31.920
lot on the show about AI and Todder was a

1235
01:02:31.960 --> 01:02:36.159
recent survey from consulting from baine In Company. They discovered

1236
01:02:36.199 --> 01:02:42.719
consumers are increasingly embracing AI. I find myself, and I'm

1237
01:02:42.800 --> 01:02:46.280
not a young guy really embracing AI. I love it.

1238
01:02:46.840 --> 01:02:48.559
I feel like you could feel it too. When you

1239
01:02:48.599 --> 01:02:51.920
talk to other people. You have more conversations that I

1240
01:02:52.079 --> 01:02:53.599
use it for this, or I use it for that.

1241
01:02:53.800 --> 01:02:55.920
You know, use cases and it just kind of spreads

1242
01:02:55.960 --> 01:02:56.320
that way.

1243
01:02:56.440 --> 01:02:59.159
It does. And I love when when I do a

1244
01:02:59.199 --> 01:03:02.440
Stove Chaine AI search. And I've said before on the show,

1245
01:03:02.840 --> 01:03:05.519
I love Google's AI and I go to Chad GPT

1246
01:03:05.599 --> 01:03:07.639
if it's a little bit more detailed or if I

1247
01:03:07.679 --> 01:03:10.880
want a second opinion, Although that's kind of stupid because

1248
01:03:10.920 --> 01:03:14.000
they're all using the same database, right more or less.

1249
01:03:14.039 --> 01:03:16.159
And I think that's such an interesting thing that we're

1250
01:03:16.199 --> 01:03:19.320
talking about here, is open AI's network effect and Google's

1251
01:03:19.320 --> 01:03:23.360
network effect that they've already built is really their value

1252
01:03:23.400 --> 01:03:26.199
that they have because all AI systems, to most people,

1253
01:03:26.239 --> 01:03:28.559
are going to be created equal now to a very

1254
01:03:29.119 --> 01:03:32.519
complex someone who's in the industry knows the intricacies, they'll

1255
01:03:32.519 --> 01:03:34.840
be able to know the differences of which models the best.

1256
01:03:35.000 --> 01:03:37.239
But for most people, they just want to use what's

1257
01:03:37.280 --> 01:03:39.719
already they're using, right, And like you said, Google, it's

1258
01:03:39.800 --> 01:03:41.719
right there. If you need a little bit more complex

1259
01:03:41.719 --> 01:03:43.480
to use chag ch why because that was the first

1260
01:03:43.480 --> 01:03:46.519
one you played with, you know what. But there's other

1261
01:03:46.559 --> 01:03:49.079
ones out there, right. Grock is a great, if not

1262
01:03:49.360 --> 01:03:52.840
arguably better than CHADGBT. But why would you now switch

1263
01:03:52.920 --> 01:03:55.559
to GROC for a little bit better of a tool

1264
01:03:55.679 --> 01:03:58.000
like you're already used to using CHADGBT. They have that

1265
01:03:58.079 --> 01:03:58.920
Kleenex effect.

1266
01:03:59.320 --> 01:04:02.880
Yeah, absolutely, absolutely, something you're used to, just like it's

1267
01:04:02.880 --> 01:04:05.280
like a PC versus an Apple. You know, if you're

1268
01:04:05.280 --> 01:04:07.320
an Apple person, you're an Apple person, you're a PC person,

1269
01:04:07.320 --> 01:04:08.039
You're a PC person.

1270
01:04:08.239 --> 01:04:10.320
Yeah, the same with the iPhone and Android.

1271
01:04:10.400 --> 01:04:13.039
Yeah, thankfully, Yeah, Sam Song, I give Dan all the

1272
01:04:13.039 --> 01:04:14.760
credit in the world. You know, he's not the most

1273
01:04:14.760 --> 01:04:17.320
adaptable person I've ever known, but he switched from an

1274
01:04:17.440 --> 01:04:19.760
Android to an iPhone. He did, and he guess and

1275
01:04:19.800 --> 01:04:20.400
he's got it done.

1276
01:04:20.440 --> 01:04:22.360
It was it was painful if you saw like the

1277
01:04:22.360 --> 01:04:24.599
percentage of people that do that per year. I mean,

1278
01:04:24.760 --> 01:04:26.079
it's got to be so small.

1279
01:04:25.840 --> 01:04:28.840
I guess I can't even imagine it's in potential. Speaking

1280
01:04:28.840 --> 01:04:32.239
of small, only three percent of people who are embracing

1281
01:04:32.320 --> 01:04:36.400
AI pay for it. Interesting, only three percent are actually

1282
01:04:36.480 --> 01:04:40.239
paying something for AI. And you've you've said before there

1283
01:04:40.280 --> 01:04:44.440
are elevated levels of AI that you can get if

1284
01:04:44.440 --> 01:04:47.159
you're willing to pay, and only three percent are paying.

1285
01:04:47.239 --> 01:04:52.480
The most popular AI assistant, Chad GPT, has twenty eight

1286
01:04:52.519 --> 01:04:55.320
percent of that market. Google has twenty three percent of market.

1287
01:04:56.480 --> 01:04:58.320
Back in two thousand and one one, and stuff like

1288
01:04:58.400 --> 01:05:00.599
when Google is just becoming popular or in the Google

1289
01:05:00.639 --> 01:05:03.320
Search and all that, How resistant were people then with

1290
01:05:03.400 --> 01:05:04.880
the Internet and Google and all.

1291
01:05:04.840 --> 01:05:07.039
That it was embraced pretty quickly.

1292
01:05:07.239 --> 01:05:09.239
Was it a lot motger than AI is getting embraced

1293
01:05:09.320 --> 01:05:09.599
right now?

1294
01:05:10.039 --> 01:05:12.039
I think we were talking about AI being embraced pretty

1295
01:05:12.079 --> 01:05:15.440
quickly here just paying for.

1296
01:05:15.519 --> 01:05:18.360
Oh Pain, Okay, I misheard that. Yeah, it makes more

1297
01:05:18.360 --> 01:05:18.760
sense to me.

1298
01:05:18.880 --> 01:05:21.400
Being increasingly used, but only three percent are paid paying

1299
01:05:21.440 --> 01:05:23.639
for get that, and somebody said, well you can get

1300
01:05:23.639 --> 01:05:26.079
better search if you pay one hundred dollars a month ago.

1301
01:05:26.159 --> 01:05:26.599
I'm good.

1302
01:05:26.719 --> 01:05:29.079
Yeah, And what I think though, is gonna happen what

1303
01:05:29.119 --> 01:05:31.079
you just said. More and more people are using it,

1304
01:05:31.360 --> 01:05:33.800
and there is a point in all these free models

1305
01:05:33.840 --> 01:05:36.280
that if you ask too many questions in a month,

1306
01:05:36.719 --> 01:05:39.199
you can't ask anymore. Right, So that's one way that

1307
01:05:39.239 --> 01:05:41.880
they can say, just lower that inquiry limit. And then

1308
01:05:41.920 --> 01:05:44.199
once a user starts to use it so much and

1309
01:05:44.239 --> 01:05:46.119
they have to pay for it's like almost forcing them

1310
01:05:46.119 --> 01:05:46.559
into Well.

1311
01:05:46.679 --> 01:05:48.519
That's how they got me. I was using it. I

1312
01:05:48.559 --> 01:05:50.559
started using I didn't pay for it, and then I

1313
01:05:50.599 --> 01:05:52.800
slowly started using it more just because I found it useful.

1314
01:05:52.840 --> 01:05:54.119
For what what do you pay for.

1315
01:05:54.320 --> 01:05:57.079
Oh Chat GPT? I do monthly subscription?

1316
01:05:58.519 --> 01:05:59.320
Well, yeah, that's what you're saying.

1317
01:05:59.360 --> 01:06:01.440
I'm saying it. I downloaded it and I use it

1318
01:06:01.519 --> 01:06:03.199
on the computer first, just to see what it was

1319
01:06:03.239 --> 01:06:05.199
all about. And I was using it a bit and stuff,

1320
01:06:05.239 --> 01:06:07.840
and then as I got I just started using it more.

1321
01:06:07.840 --> 01:06:09.039
And then all of a sudden, I ran out of

1322
01:06:09.320 --> 01:06:11.800
questions and I was like, that sucks. All right, they

1323
01:06:11.800 --> 01:06:13.199
got me and I started paying for it.

1324
01:06:13.199 --> 01:06:15.360
Oh, she only you're limited to a certain number of questions.

1325
01:06:15.440 --> 01:06:17.280
That's what I'm It's like a free trial in a sense.

1326
01:06:17.440 --> 01:06:20.039
Each month, each of your credits reset, So if you

1327
01:06:20.079 --> 01:06:22.280
don't use it too much, you'll never notice it, okay.

1328
01:06:22.320 --> 01:06:24.079
But once you start to see how useful it is,

1329
01:06:24.079 --> 01:06:25.679
and you start using it for other questions and other

1330
01:06:25.719 --> 01:06:27.480
things in your life, and all of a sudden you're asking,

1331
01:06:27.880 --> 01:06:29.760
you know, one hundred questions a month. I don't know

1332
01:06:29.800 --> 01:06:30.320
the act.

1333
01:06:30.760 --> 01:06:32.559
I will say there have been studies already done on

1334
01:06:32.599 --> 01:06:35.440
this that people who use chat CBT for everything to

1335
01:06:35.920 --> 01:06:38.639
like do their thinking. In a sense, their brain activity

1336
01:06:38.639 --> 01:06:40.559
has slowed down, and its showing on these brain scans

1337
01:06:40.599 --> 01:06:43.800
I've seen like on like through social media whatever is uh,

1338
01:06:43.960 --> 01:06:46.239
they just slow down the brain activity of it of yourself,

1339
01:06:46.239 --> 01:06:49.760
because your critical thinking stops and your brain thinking and

1340
01:06:49.800 --> 01:06:52.480
activity and all that slows down because you're just you're

1341
01:06:52.519 --> 01:06:54.239
not thinking. You don't need to. You just put it

1342
01:06:54.239 --> 01:06:56.719
out there on chat and it'll spit out everything that

1343
01:06:56.760 --> 01:06:58.119
you're you would think about.

1344
01:06:58.119 --> 01:07:00.800
On the other side, I've recently been dealing with an

1345
01:07:00.840 --> 01:07:04.360
ear infection, which is pretty weird for an old person. Uh,

1346
01:07:04.639 --> 01:07:06.559
but just because I were hearing age, and the hearing

1347
01:07:06.599 --> 01:07:10.199
age will trap the moisture in there, so it's more

1348
01:07:10.440 --> 01:07:12.480
likely with people. And I was on there, and I'm

1349
01:07:12.519 --> 01:07:15.400
on Google, and I'm on chad GPT and I'm doing

1350
01:07:15.440 --> 01:07:20.639
the deep dive into AI. Super helpful, uh, to explain

1351
01:07:20.760 --> 01:07:22.760
what I was looking at, how to deal with this,

1352
01:07:23.239 --> 01:07:26.559
What kind of medications, what kind of treatments I might.

1353
01:07:26.639 --> 01:07:29.599
Use a little less aggressive than w web md when

1354
01:07:29.639 --> 01:07:31.559
we used to look up things on WebMD, which you

1355
01:07:31.559 --> 01:07:32.880
have a little cold and all of a sudden, next

1356
01:07:32.880 --> 01:07:33.679
thing you know you're dying.

1357
01:07:33.800 --> 01:07:37.800
Yeah, oh no aggressive aggressive? Yeah. You know you don't

1358
01:07:37.840 --> 01:07:41.480
want when you say I've got a pimple on my cheek,

1359
01:07:41.519 --> 01:07:44.000
you don't want you know, it could be melanoma, you know,

1360
01:07:44.360 --> 01:07:45.239
as a first choice.

1361
01:07:45.360 --> 01:07:48.679
Yeah, you're gonna go to the worst a real quick

1362
01:07:48.719 --> 01:07:49.199
with that stuff.

1363
01:07:49.400 --> 01:07:51.639
Worst case worst case scenario, right, And I think.

1364
01:07:51.519 --> 01:07:54.559
We also all know we're still in the very early

1365
01:07:54.599 --> 01:07:57.159
innings of this entire thing. I mean, this thing is

1366
01:07:57.159 --> 01:07:59.920
going to be so much better in five years, from

1367
01:08:00.400 --> 01:08:03.760
from the safeguards to the things that can actually answer

1368
01:08:04.199 --> 01:08:07.679
to the regulation. There's going to be a lot of changes,

1369
01:08:08.360 --> 01:08:10.760
just like there was with the Internet. But the fact

1370
01:08:10.760 --> 01:08:13.440
that it's this useful at this stage in the game

1371
01:08:13.920 --> 01:08:15.960
is I think the very exciting.

1372
01:08:15.639 --> 01:08:16.199
Part about it.

1373
01:08:16.279 --> 01:08:19.479
Well, and Dylan talked about life expectancy back when Social

1374
01:08:19.520 --> 01:08:21.680
Scare was started, it was with fifty eight or or whatever.

1375
01:08:21.720 --> 01:08:26.119
And think what's going to happen to life expectancy over

1376
01:08:26.159 --> 01:08:30.279
the next fifteen or twenty years. You guys, probably by

1377
01:08:30.319 --> 01:08:33.199
the time you're older one hundred is going to be normal.

1378
01:08:35.119 --> 01:08:39.520
With AI being able to go in and diagnose things

1379
01:08:39.920 --> 01:08:43.079
very specifically. I think we saw a report the other

1380
01:08:43.159 --> 01:08:46.520
day that they can identify certain cells that would lead

1381
01:08:46.560 --> 01:08:50.199
to breast cancer that no other equipment has ever been

1382
01:08:50.239 --> 01:08:50.560
able to.

1383
01:08:50.520 --> 01:08:53.600
See, No human eye would ever be able to ever.

1384
01:08:53.920 --> 01:08:56.199
Or scan or MRI and then nothing of this. So

1385
01:08:56.640 --> 01:08:59.800
if you can, and then the other side of that is,

1386
01:08:59.840 --> 01:09:03.039
if you find a particular disease, you can break it

1387
01:09:03.119 --> 01:09:05.880
down to where you actually come up with a medication

1388
01:09:06.000 --> 01:09:06.640
for that disease.

1389
01:09:06.680 --> 01:09:09.279
You want a great little documentary on this on Ai

1390
01:09:09.359 --> 01:09:13.880
and it's kind of birth from its infancy on Amazon Prime.

1391
01:09:13.920 --> 01:09:16.800
There's a new documentary called The Thinking Game. I would

1392
01:09:16.840 --> 01:09:20.439
highly recommend one. Yes, it's about Alpha Go and it's

1393
01:09:20.439 --> 01:09:24.439
about the team behind Google Google Labs, and they are

1394
01:09:24.479 --> 01:09:27.560
the ones who actually create Gemini. They're the team that

1395
01:09:27.960 --> 01:09:31.000
feeds Gemini's new stuff. But Alpha Go is the team

1396
01:09:31.039 --> 01:09:35.479
that actually create created a robot AI system that beat

1397
01:09:35.520 --> 01:09:37.199
the best Go player in the world. For those that

1398
01:09:37.279 --> 01:09:38.920
don't know, there's a game called Go. It's one of

1399
01:09:38.920 --> 01:09:41.439
the most complex games if it's out there because there's

1400
01:09:41.439 --> 01:09:44.760
so many different possibilities. It's like chess on steroids and

1401
01:09:44.880 --> 01:09:48.319
it's a very complex game. And the basically grand master

1402
01:09:48.520 --> 01:09:51.560
of this game was played the Ai and he was

1403
01:09:51.560 --> 01:09:54.000
a Chinese person and halfway in the game, the Chinese

1404
01:09:54.000 --> 01:09:56.680
feed went shut because they realized the Chinese national was

1405
01:09:56.720 --> 01:09:57.880
going to lose and they didn't want to lose to

1406
01:09:57.880 --> 01:10:00.239
an Ai. And that was the genesis of for the

1407
01:10:00.279 --> 01:10:03.000
realization that Ai is going to be better than humans.

1408
01:10:03.199 --> 01:10:05.600
And that's when China started their own AI models and

1409
01:10:05.640 --> 01:10:07.960
all that, but they talk about it in the Thinking

1410
01:10:08.039 --> 01:10:10.600
Lab and one of the new breakthroughs that they just did,

1411
01:10:10.840 --> 01:10:14.119
and they actually, this team, the founder of it, won

1412
01:10:14.159 --> 01:10:18.199
the Nobel Peace Prize for this was the first thing

1413
01:10:18.399 --> 01:10:21.279
in the human history that was able to fold a protein.

1414
01:10:22.039 --> 01:10:23.840
It was a problem. I guess it is a they

1415
01:10:23.920 --> 01:10:26.359
explained it. It's a problem that has been since antio

1416
01:10:26.560 --> 01:10:29.640
antiquity of like understanding protein folding and how to do that.

1417
01:10:29.680 --> 01:10:32.479
And there's a lot of medical reasons that that's important

1418
01:10:32.920 --> 01:10:36.039
and this team used AI to be able to do that,

1419
01:10:36.600 --> 01:10:39.039
and literally it was such a big of advancement that

1420
01:10:39.119 --> 01:10:41.359
they won the Nobel Peace Prize for it, And so

1421
01:10:41.520 --> 01:10:43.680
you could just realize, I mean that's just now. That

1422
01:10:43.720 --> 01:10:46.119
happened in twenty two. I mean, what's gonna happen in

1423
01:10:46.159 --> 01:10:46.720
twenty nine?

1424
01:10:46.800 --> 01:10:50.039
And like the mapping of DNA being able to map

1425
01:10:50.119 --> 01:10:52.359
DNA and who's smart enough to figure this out? I

1426
01:10:52.399 --> 01:10:54.279
can't even figure out how many phone works after time

1427
01:10:54.319 --> 01:10:59.640
to say, oh, it's just absolutely mind boggling. We appreciate

1428
01:10:59.640 --> 01:11:03.239
that you're tuning in this morning if you have not

1429
01:11:03.439 --> 01:11:06.039
yet signed up for the seminar coming up. What's the

1430
01:11:06.119 --> 01:11:06.720
data on that guys.

1431
01:11:06.760 --> 01:11:08.920
September twenty sixth, it'll be eleven thirty to two at

1432
01:11:08.960 --> 01:11:10.720
lat Paloon. It's gonna be on a Friday, and some

1433
01:11:10.880 --> 01:11:12.279
people aren't gonna be at.

1434
01:11:12.119 --> 01:11:15.319
Eighteen eighteen spots left eighteen. That's a d and that's

1435
01:11:15.359 --> 01:11:17.079
gonna be it. It's going to be shut down.

1436
01:11:17.159 --> 01:11:18.359
And we don't want to be a huge room. We

1437
01:11:18.399 --> 01:11:19.720
want to be able to be personal and I.

1438
01:11:19.920 --> 01:11:21.239
Want to be able to talk to people, want to

1439
01:11:21.239 --> 01:11:25.520
be able to have questions and things. Again, it's a

1440
01:11:25.560 --> 01:11:29.880
way to go and very unthreatened and untreatedning environment. Meet

1441
01:11:29.960 --> 01:11:33.119
the team, see how we do it. Get an idea

1442
01:11:33.159 --> 01:11:36.439
of what the mechanics are behind the financial plans and

1443
01:11:36.479 --> 01:11:40.039
what you might expect if you decide to go through that.

1444
01:11:40.439 --> 01:11:42.439
And we'd love to see you there again. We'll run

1445
01:11:42.479 --> 01:11:44.560
out of spots. Give us a call. We'll be back

1446
01:11:44.600 --> 01:11:47.079
with more than Money Matter Show right after this message.

1447
01:11:47.640 --> 01:11:49.640
Welcome back to the Money Matter Show. My name is

1448
01:11:49.680 --> 01:11:52.199
Todd Glick. I'm here with David Sherre, with Sebastian Borscini,

1449
01:11:52.319 --> 01:11:55.920
Dylan Greenberg, and Dean Greenberg. It's going to be an

1450
01:11:55.920 --> 01:11:59.000
interesting night because tonight's the first night of Tucson High

1451
01:11:59.000 --> 01:12:01.520
Badger of football. So week we get to know how

1452
01:12:01.560 --> 01:12:06.279
they started the year off. But overall this week not

1453
01:12:06.479 --> 01:12:08.800
much news in the market, So I guess it is

1454
01:12:08.840 --> 01:12:11.760
all about football. We got college football starting, NFL is

1455
01:12:11.760 --> 01:12:13.600
going to start the next week. Me and Dylan, we're

1456
01:12:13.640 --> 01:12:15.560
talking about Draft kings. Might be a good bye here

1457
01:12:15.560 --> 01:12:16.920
because I was gonna say.

1458
01:12:16.840 --> 01:12:19.640
That was the news Draft Kings and then FANDU Who's

1459
01:12:19.680 --> 01:12:24.159
I forget who FanDuel's parent company is, uh flutter Flutter

1460
01:12:24.239 --> 01:12:26.840
Flutter flutters their parent company. We talk about that going

1461
01:12:26.840 --> 01:12:28.159
into the end of the third quarter and through the

1462
01:12:28.159 --> 01:12:31.640
fourth quarter, because you have MLB playoffs, you have NBA

1463
01:12:31.760 --> 01:12:34.760
starting during the fourth quarter, you have WNBA still going

1464
01:12:34.800 --> 01:12:37.680
through during the third quarter, you have NFL college football,

1465
01:12:37.960 --> 01:12:40.760
all the sports. Hockey starts in the fourth quarter. So

1466
01:12:40.840 --> 01:12:43.319
these betting sites tend to do well. They're in the

1467
01:12:43.399 --> 01:12:45.479
end of the third quarter through the fourth quarter, So

1468
01:12:45.520 --> 01:12:48.600
the are results during January and February will usually they

1469
01:12:48.640 --> 01:12:50.319
tend to be better because it's the high time of

1470
01:12:50.359 --> 01:12:52.920
the year. But there is one caveat that we've been

1471
01:12:52.960 --> 01:12:55.680
talking about is casinos are a little different. You have MGM,

1472
01:12:55.920 --> 01:12:59.560
you Las Vegas sands who all have online gambling, but

1473
01:12:59.640 --> 01:13:01.560
they also have the issue of people not wanting to

1474
01:13:01.560 --> 01:13:03.399
go to Vegas to go to the casinos anymore. So

1475
01:13:03.520 --> 01:13:06.760
people just go to their local casino. They'll play blackjack

1476
01:13:06.800 --> 01:13:09.119
and craps there if they have the ability to, and

1477
01:13:09.159 --> 01:13:11.800
then they'll sports gamble on their phone. But they're not

1478
01:13:11.840 --> 01:13:13.720
going to go to Vegas to spend all this money

1479
01:13:13.880 --> 01:13:16.399
in Vegas, just Stori City just to go to the

1480
01:13:16.479 --> 01:13:18.880
casino and go to the sports book anymore. They'd rather

1481
01:13:19.359 --> 01:13:21.359
bet sports bet on their phone and have it in

1482
01:13:21.439 --> 01:13:24.119
their house or their local bar. So it's an interesting

1483
01:13:24.159 --> 01:13:27.039
thing is to think about moving forward. Is the casino

1484
01:13:27.079 --> 01:13:28.800
seem to be struggling with the hotel side of it

1485
01:13:28.840 --> 01:13:31.000
and the regular gambling side of it.

1486
01:13:31.079 --> 01:13:33.399
And probably not an ideal time to say we don't

1487
01:13:33.399 --> 01:13:36.479
recommend any stock on this show. We don't know your

1488
01:13:36.479 --> 01:13:40.039
investment objective, we don't know your risk tolerance, we don't

1489
01:13:40.079 --> 01:13:43.640
know that upward movement in those stocks.

1490
01:13:43.880 --> 01:13:48.920
Gaming stocks seasonality. Fourth quarter for gambling stocks is seasonality.

1491
01:13:49.520 --> 01:13:51.399
Yeah, do we know that for a fact, but.

1492
01:13:53.159 --> 01:13:54.039
So we do not recommend it.

1493
01:13:54.079 --> 01:13:55.720
Yeah. One of the things you gotta always think about

1494
01:13:55.800 --> 01:13:58.640
is Obviously, the expectations of what the business is going

1495
01:13:58.680 --> 01:14:01.359
to make in quarter three, in quarter for it is known,

1496
01:14:02.119 --> 01:14:05.039
right because they also are looking at past quarters knowing

1497
01:14:05.039 --> 01:14:07.520
that that's when the best business happens. So you will

1498
01:14:07.520 --> 01:14:10.439
see that the raftkings better have you know, better earnings

1499
01:14:10.640 --> 01:14:12.479
xtaments that's going to show up in quarter one and

1500
01:14:12.560 --> 01:14:16.800
quarter two overall. So that's why, just like for example,

1501
01:14:16.880 --> 01:14:19.399
the video we know Nvidia has a great business model,

1502
01:14:19.600 --> 01:14:21.960
but if they don't sell as much as everyone thought

1503
01:14:22.000 --> 01:14:24.079
they were, they're going to decline even though they sold

1504
01:14:24.119 --> 01:14:26.680
billions of dollars of chips. If they didn't sell X

1505
01:14:26.760 --> 01:14:29.199
number of billions dollars, they'll be punished for it. Now,

1506
01:14:29.239 --> 01:14:31.399
if they go over that amount, they'll be rewarded for

1507
01:14:31.439 --> 01:14:33.560
it and they'll get a huge pop. So the idea

1508
01:14:33.680 --> 01:14:36.720
is in stocks, you're trying to figure out, how is

1509
01:14:36.720 --> 01:14:39.319
the business model going to go more than what's already expected.

1510
01:14:39.319 --> 01:14:41.840
Analysts are already out there, they already got the price target.

1511
01:14:41.920 --> 01:14:45.079
Sometimes it's way off, sometimes it's spot on. But for

1512
01:14:45.119 --> 01:14:47.800
the most part, you have to understand what's the business making,

1513
01:14:47.840 --> 01:14:49.760
what's expected. Do you think it's going to do better

1514
01:14:49.880 --> 01:14:52.159
or worse? Because most of the time, what's expected is

1515
01:14:52.159 --> 01:14:54.199
already priced into the stock, and.

1516
01:14:54.119 --> 01:14:58.000
When we start trading again, it will be Tuesday, September second,

1517
01:14:58.479 --> 01:15:01.920
and probably a good time remind people that September has

1518
01:15:02.079 --> 01:15:06.000
historically been the worst month for stocks. It has been

1519
01:15:06.079 --> 01:15:08.800
so much worse than the others. It's the only month

1520
01:15:08.880 --> 01:15:13.359
that closes down more often than up. It's average performance

1521
01:15:13.399 --> 01:15:16.640
over the last fifty years has been minus one percent,

1522
01:15:16.960 --> 01:15:20.279
which is ten times worse than the second worst month,

1523
01:15:20.319 --> 01:15:22.479
which is February with a tenth of a percent. Lot.

1524
01:15:22.880 --> 01:15:24.760
Yeah. Well, just to finish up gambling, I want to

1525
01:15:24.760 --> 01:15:27.000
say one other thing with that, because there is more.

1526
01:15:27.199 --> 01:15:29.239
There's a lot of illegal gambling sites out there. I

1527
01:15:29.239 --> 01:15:31.760
don't know if you're heard of Bovada and my Bookie

1528
01:15:31.800 --> 01:15:34.399
and things like that, but about ten percent of the

1529
01:15:34.439 --> 01:15:38.760
current betting ecosystems are on these illegal websites, and they're

1530
01:15:39.640 --> 01:15:43.279
they're cracking down more so on these legal sites because

1531
01:15:43.319 --> 01:15:45.079
they don't pay tax the same way they're on Canary

1532
01:15:45.159 --> 01:15:47.960
Islands and where who knows where. So the idea is,

1533
01:15:48.119 --> 01:15:50.319
obviously if they can crack down on that and those

1534
01:15:50.479 --> 01:15:53.840
illegal people who are using illegal services are required to

1535
01:15:53.880 --> 01:15:56.000
now go on to the legal services. That'd be a

1536
01:15:56.039 --> 01:15:58.399
win for Draft Kings and Vando obviously.

1537
01:15:58.000 --> 01:16:01.520
And that's exactly what happened with the marijuana business, is

1538
01:16:01.560 --> 01:16:05.920
that there's so much, so many taxes, and so much

1539
01:16:06.239 --> 01:16:09.239
oversight by the government, so much oversight by the health

1540
01:16:09.239 --> 01:16:15.319
departments to get that legalized marijuana to the stores that

1541
01:16:16.039 --> 01:16:19.039
the illegal ones can sell it for half price. And

1542
01:16:19.119 --> 01:16:21.399
so it's still a big, big, big problem.

1543
01:16:21.960 --> 01:16:22.159
Yeah.

1544
01:16:22.239 --> 01:16:24.680
I mean for the most part, people, if you tell

1545
01:16:24.720 --> 01:16:26.760
someone I have to pay fifty percent more in tax,

1546
01:16:28.079 --> 01:16:30.840
you know, like imagine they put fifty percent alcohol tax on,

1547
01:16:31.319 --> 01:16:32.800
We're gonna have bootleggers again.

1548
01:16:33.199 --> 01:16:33.640
Yeah.

1549
01:16:33.880 --> 01:16:37.319
So if you open up an incentive to the market,

1550
01:16:37.399 --> 01:16:39.319
the market's gonna arbitrage it all day.

1551
01:16:39.560 --> 01:16:42.199
You know. One of the neat things about this business

1552
01:16:42.279 --> 01:16:44.760
is that every week is different. And you said this

1553
01:16:44.840 --> 01:16:49.399
past week, based on the numbers, not much happened. I

1554
01:16:49.439 --> 01:16:52.640
would argue that it was an extraordinarily important week because

1555
01:16:52.680 --> 01:16:55.760
we found out that the most important company in the

1556
01:16:55.800 --> 01:16:59.720
world is still doing okay. So it's kind of a

1557
01:16:59.760 --> 01:17:02.800
sign of relief. The fact that it didn't move much

1558
01:17:03.439 --> 01:17:06.640
is a is a very positive thing. That boring though,

1559
01:17:06.760 --> 01:17:11.359
but that's yeah, it wasn't It wasn't boring. Wednesday at

1560
01:17:11.359 --> 01:17:14.000
about half an hour after the closing, and we're sitting there.

1561
01:17:13.920 --> 01:17:17.439
With people and they see this week they think it's boring. Absolutely,

1562
01:17:17.479 --> 01:17:20.239
we might think it's exciting because we're nerds, but we're

1563
01:17:20.279 --> 01:17:21.399
not the majority.

1564
01:17:21.399 --> 01:17:24.199
It's a good point. We are kind of addicted to this.

1565
01:17:24.399 --> 01:17:26.000
Yeah, yeah, we like this a little too much.

1566
01:17:28.800 --> 01:17:33.199
I found out, you know, every week, every day is

1567
01:17:33.239 --> 01:17:36.479
different in this business, and every week I learned something new,

1568
01:17:37.119 --> 01:17:39.880
a lot of it from you guys. But I came

1569
01:17:39.920 --> 01:17:42.439
across something that I did not know. Did you know

1570
01:17:42.479 --> 01:17:45.439
that India is the fastest growing economy in the world.

1571
01:17:45.560 --> 01:17:48.239
Really, I thought it was Nigeria. That was interesting.

1572
01:17:48.800 --> 01:17:54.359
It's recently passed Japan to become number four, behind the US,

1573
01:17:54.520 --> 01:17:58.119
China and Germany GDP wise, yeah, fourth largest economy in

1574
01:17:58.159 --> 01:18:00.319
the world's India. Trump hit them with a few fifty

1575
01:18:00.319 --> 01:18:04.079
percent tariff trying to stop them from buying Russian oil, right,

1576
01:18:04.199 --> 01:18:07.880
but rather than cave, they have become defiant. It's kind

1577
01:18:07.880 --> 01:18:12.439
of interesting. Their Prime minister, a staunch nationalist, is urging

1578
01:18:12.560 --> 01:18:17.159
everyone to buy things made in India. Don't buy important

1579
01:18:17.159 --> 01:18:20.600
things anymore. Now with that said, the US is by

1580
01:18:20.720 --> 01:18:26.960
far the largest destination for products exported from India. By far,

1581
01:18:27.119 --> 01:18:31.520
forty of all of the products exported from India are

1582
01:18:31.560 --> 01:18:35.079
bought by the United States. A fifty percent tariff essentially

1583
01:18:35.119 --> 01:18:41.279
puts a trade embargo on that cutting down those eliminating

1584
01:18:41.279 --> 01:18:43.800
those sales completely. So it's going to be interesting to

1585
01:18:43.800 --> 01:18:48.600
see who wins this contest, India or the I like

1586
01:18:48.680 --> 01:18:50.880
Trump's cards. I think Trump's holding more cards.

1587
01:18:51.159 --> 01:18:54.000
Yeah, but India's got more people and way more people,

1588
01:18:54.000 --> 01:18:54.720
more people.

1589
01:18:54.560 --> 01:18:57.279
Way more people, well populated country in the world, right right,

1590
01:18:57.279 --> 01:18:58.520
and more so than China.

1591
01:18:58.600 --> 01:19:02.359
If they do get behind this nationalist measure, they can

1592
01:19:02.520 --> 01:19:04.760
self they could self support them.

1593
01:19:04.760 --> 01:19:07.079
So you would think you would think they have the populace,

1594
01:19:07.439 --> 01:19:10.119
they have the cast system, and that is true. There's

1595
01:19:10.159 --> 01:19:15.439
nowhere those amount of wealth per capita's per capita, So

1596
01:19:16.039 --> 01:19:17.760
it's just gonna be interesting. I did not realize they

1597
01:19:17.800 --> 01:19:20.920
were the fastest growing and it maybe of major economies.

1598
01:19:21.119 --> 01:19:23.720
Uh yeah, well, you know, now I think about it.

1599
01:19:23.720 --> 01:19:26.359
I was looking at countries that have the fastest growing

1600
01:19:26.479 --> 01:19:30.800
growth birth rate, so like you know, like Japan, they've

1601
01:19:30.840 --> 01:19:33.560
been their populations are going to be declining here soon.

1602
01:19:33.640 --> 01:19:36.239
They have such old population, they're not getting new babies.

1603
01:19:36.279 --> 01:19:39.720
That's why they have They had that lost decade. We

1604
01:19:39.760 --> 01:19:42.159
don't talk about it enough, but there's a real demographic

1605
01:19:42.239 --> 01:19:45.039
issue with some of these developed countries. Right, if you

1606
01:19:45.039 --> 01:19:47.439
don't have enough babies fifty years from now, you're not

1607
01:19:47.479 --> 01:19:50.079
going to be the world power you are. It's not

1608
01:19:50.159 --> 01:19:52.239
just about the money. You have to have the labor force.

1609
01:19:52.319 --> 01:19:53.479
You have to have a society.

1610
01:19:53.560 --> 01:19:55.720
Right, It's a serious enough problem where Trump's willing to

1611
01:19:55.720 --> 01:19:58.560
pay everybody a thousand bucks to have a baby exactly, right.

1612
01:19:58.600 --> 01:20:00.680
I mean, you know he can see it's.

1613
01:20:00.359 --> 01:20:02.479
A serious enough problem that China decided to get rid

1614
01:20:02.479 --> 01:20:06.199
of their long standing, long standing one child and then

1615
01:20:06.279 --> 01:20:07.880
I think it's two now, maybe they even changed it

1616
01:20:07.960 --> 01:20:11.720
to three. But obviously countries are waking up. Elon Musk,

1617
01:20:11.760 --> 01:20:14.439
that's one of his biggest fears, his population decline. And

1618
01:20:14.479 --> 01:20:16.920
he's like, my biggest fear is that the human population

1619
01:20:17.800 --> 01:20:20.680
just dies with a diaper because everyone's old, and he

1620
01:20:20.880 --> 01:20:22.920
just all die of old age and then no one had.

1621
01:20:22.840 --> 01:20:26.840
The kids generation thing he can do personally, right about

1622
01:20:26.880 --> 01:20:30.399
twelve twelve or thirteen kids from what three different women.

1623
01:20:30.199 --> 01:20:33.079
At least I think it's important though, and I think

1624
01:20:33.119 --> 01:20:35.039
this also talks about maybe if we do get to

1625
01:20:35.079 --> 01:20:37.800
a point where there is more tachological advancements, people feeled

1626
01:20:37.800 --> 01:20:40.600
that there's more wealth and more opportunity, they start to

1627
01:20:40.640 --> 01:20:43.279
get back to that mentality of having babies. I mean,

1628
01:20:43.319 --> 01:20:46.319
I don't know when you were, you know, in your

1629
01:20:46.319 --> 01:20:49.399
thirties and forties, Dave seemed much more prevalent to have

1630
01:20:49.439 --> 01:20:52.800
a family. M Yes, And today it's like almost why

1631
01:20:52.840 --> 01:20:55.800
would you have a family. The world's either terrible or

1632
01:20:55.840 --> 01:20:57.479
you're not gonna have enough money to support them. You're

1633
01:20:57.479 --> 01:20:58.960
not gonna give them the life they deserve, so don't

1634
01:20:58.960 --> 01:21:01.479
have a family. And that's what you see. And developed

1635
01:21:01.479 --> 01:21:04.279
country where the opposite and emerging countries they said we

1636
01:21:04.279 --> 01:21:05.800
need to have as many kids who can't because these

1637
01:21:05.760 --> 01:21:06.920
are people that help us survive.

1638
01:21:07.079 --> 01:21:09.479
At thirty years ago, a couple without children, you go,

1639
01:21:09.720 --> 01:21:11.920
what's wrong with them? Moment? One of them must have

1640
01:21:11.960 --> 01:21:14.479
a medical issue or so, there'd be no reason not

1641
01:21:14.600 --> 01:21:18.399
to have children. In fact, when I was about your age,

1642
01:21:19.840 --> 01:21:22.800
my boss, a guy that I worked with, asked me,

1643
01:21:22.920 --> 01:21:26.159
who's much older, said are you married? And I said yes,

1644
01:21:26.199 --> 01:21:27.560
and he goes, how many kids do you have And

1645
01:21:27.600 --> 01:21:29.079
I said no, and he goes, why are you married?

1646
01:21:30.279 --> 01:21:32.279
That was you know, that was his thought process. Why

1647
01:21:32.279 --> 01:21:34.039
would you get married if you're not going to have children?

1648
01:21:34.079 --> 01:21:36.520
So and you get married to have children, and so

1649
01:21:36.560 --> 01:21:39.520
if you are married, you should be having children. Interesting.

1650
01:21:40.359 --> 01:21:42.239
I just think that overall it's going to be an

1651
01:21:42.239 --> 01:21:44.680
interesting The biggest thing I think definitely is money. Right

1652
01:21:44.680 --> 01:21:47.000
if people feel like they can't have a family.

1653
01:21:46.920 --> 01:21:52.239
Absolutely absolutely. I think talk about a couple of stocks here.

1654
01:21:53.159 --> 01:21:55.600
One that I is literally is back from the dead

1655
01:21:55.680 --> 01:21:58.920
is Cole's department store. I thought they were headed for bankrupt.

1656
01:21:59.000 --> 01:22:00.479
They got a mean stuff rally.

1657
01:22:00.560 --> 01:22:03.159
Then well it was down, it was forty percent below,

1658
01:22:03.159 --> 01:22:05.279
it was high and open twenty percent high on Wednesday.

1659
01:22:05.920 --> 01:22:09.199
Despite a small decline in revenue. They still still still

1660
01:22:09.239 --> 01:22:12.840
not have selling. Their net income was double what was expected.

1661
01:22:12.840 --> 01:22:16.199
So they're making twice as much money on less sales. Interesting,

1662
01:22:17.319 --> 01:22:19.319
how does that work? And they affirmed the upper end

1663
01:22:19.359 --> 01:22:22.119
of their guidance. Right. Business. The funny thing about it

1664
01:22:22.159 --> 01:22:26.159
is is the stock rallied. Business continues to decline, but

1665
01:22:26.239 --> 01:22:29.000
at a lower pace. And you see that, don't you?

1666
01:22:29.000 --> 01:22:32.880
You see stocks rise even though business is declining.

1667
01:22:33.199 --> 01:22:34.479
You know it was stock that did that for a

1668
01:22:34.479 --> 01:22:37.119
while with Celsius, but then finally they finally started to

1669
01:22:37.119 --> 01:22:39.800
get some gaining with a Lotti new and then today

1670
01:22:39.840 --> 01:22:41.560
Pepsi COO on Friday said they're going to put a

1671
01:22:41.560 --> 01:22:43.960
little steak in them help pop the stock. Another six

1672
01:22:44.000 --> 01:22:47.159
percent traded off lower and throughout the Friday. But I

1673
01:22:47.199 --> 01:22:49.520
didn't realize Coke has a steak and Monster, which helped

1674
01:22:49.640 --> 01:22:51.359
grow Monster to what it was, So maybe this will

1675
01:22:51.359 --> 01:22:52.520
help Celsius grow as well.

1676
01:22:52.760 --> 01:22:57.680
I think a diversification in those those traditional soda companies

1677
01:22:57.680 --> 01:23:00.800
Pepsi and Coke. I mean, that's what's kept them a lot. Uh,

1678
01:23:01.000 --> 01:23:04.680
the the sales of Coca cola and Pepsi products have

1679
01:23:04.800 --> 01:23:06.560
been declining pretty steadily.

1680
01:23:06.640 --> 01:23:08.920
Yeah, imagine Coke didn't have like a coffee yere, you know,

1681
01:23:09.239 --> 01:23:10.000
department and things.

1682
01:23:10.000 --> 01:23:12.600
Well they still have me, right, So I'm good. I'm

1683
01:23:12.640 --> 01:23:14.800
good for a bunch. Yeah, I'm good for a bunch.

1684
01:23:15.640 --> 01:23:17.640
When I was when I was when I was in

1685
01:23:17.680 --> 01:23:20.079
my teens, I was sent away to Texas. I was

1686
01:23:20.079 --> 01:23:21.560
a bit of a problem, and I was sent away

1687
01:23:21.600 --> 01:23:25.319
to Texas for the summer and I lived as a

1688
01:23:25.399 --> 01:23:31.159
laborer and my only uh, the only good part about

1689
01:23:31.199 --> 01:23:34.800
it is it was right next door to the where

1690
01:23:34.800 --> 01:23:37.000
they stored all the Coca Cola products for the Rio

1691
01:23:37.000 --> 01:23:40.079
Grande Valley. And the guy that I was working for

1692
01:23:40.199 --> 01:23:44.199
owned that Coca Cola bottling company. So I just slide

1693
01:23:44.239 --> 01:23:46.359
in the door and grab whatever I wanted. So I

1694
01:23:46.399 --> 01:23:49.560
had no money, and I lived on Coca Cola for

1695
01:23:50.039 --> 01:23:53.359
an entire summer and came back an attic. So there

1696
01:23:53.399 --> 01:23:56.119
you go. Well we'll blame Vanny Cook.

1697
01:23:55.920 --> 01:23:58.079
Because that's when they used to actually have cocaine back

1698
01:23:58.079 --> 01:23:58.279
in it.

1699
01:23:58.399 --> 01:24:04.279
Ranny Cook from McAllen put the good maybe a Coca

1700
01:24:04.279 --> 01:24:06.840
Cola add Thanks Daddy. All right, we'll be back with

1701
01:24:06.920 --> 01:24:09.520
the final segment again. Thanks for taking time to join

1702
01:24:09.600 --> 01:24:12.319
us this morning. Welcome back. This is the Money Matters Show.

1703
01:24:12.359 --> 01:24:14.399
I'm here with Dean and Dylan and Todd. It's a

1704
01:24:14.479 --> 01:24:16.840
mask and I'm Dave and we're here to bring you

1705
01:24:16.960 --> 01:24:20.359
the football Saturday. It's the first college football How about

1706
01:24:20.399 --> 01:24:24.640
that Texas Ohio State? Are you kidding? At at nine am?

1707
01:24:24.680 --> 01:24:26.800
That's kind of stupid. I'm gonna record it because I

1708
01:24:26.840 --> 01:24:29.760
won't be in anywhere near where TV at nine am.

1709
01:24:29.800 --> 01:24:31.960
I'll be on to Miwauk Hill or isn't that funny

1710
01:24:32.199 --> 01:24:35.239
Grandson of the Year and you're gonna have it at

1711
01:24:35.279 --> 01:24:36.439
nine o'clock the first.

1712
01:24:36.279 --> 01:24:39.000
Week of the season. I mean, obviously Texas Ohio State

1713
01:24:39.039 --> 01:24:41.199
wanted to move it to the tonight game in Texas,

1714
01:24:41.199 --> 01:24:44.039
like yeah, right, we're away. We're not moving this to

1715
01:24:44.119 --> 01:24:46.399
it even worse than you where you're gonna have more

1716
01:24:46.439 --> 01:24:48.800
people or drunk all day because they're drinking all day

1717
01:24:48.800 --> 01:24:51.479
and they even worse fans. It's a good move by Texas, right,

1718
01:24:51.479 --> 01:24:52.279
they wanted to be well.

1719
01:24:52.319 --> 01:24:55.239
I mean, if Texas can can beat Ohio State in Ohio,

1720
01:24:55.359 --> 01:24:58.119
that's okay. They're number one in my book for sure.

1721
01:24:58.239 --> 01:24:59.960
I mean, it's gonna be interesting to see how Archie

1722
01:25:00.039 --> 01:25:03.800
and can actually play and all that. It's gonna be fun.

1723
01:25:04.119 --> 01:25:05.800
Yeah, a lot of good matchups.

1724
01:25:06.319 --> 01:25:08.880
U of A doesn't seem like they're gonna have necessarily

1725
01:25:08.920 --> 01:25:11.079
a great year. Maybe they do, because it's almost a

1726
01:25:11.119 --> 01:25:13.520
flip Like remember last year, U of A goes into

1727
01:25:13.560 --> 01:25:16.279
the season highly ranked and I think they're like thirteen

1728
01:25:16.399 --> 01:25:19.039
or something, and then a SU was absolutely terrible and

1729
01:25:19.039 --> 01:25:21.479
then at flip flops. Now a SU's franked like eleven

1730
01:25:21.560 --> 01:25:24.000
or thirteen and U of A is not really expected

1731
01:25:24.000 --> 01:25:25.680
to do anything, so might we might have another flip

1732
01:25:25.720 --> 01:25:26.079
this year.

1733
01:25:26.239 --> 01:25:29.000
I like the ASU seems to really be on the

1734
01:25:29.079 --> 01:25:33.079
right track in terms of getting a coach that is

1735
01:25:33.119 --> 01:25:38.960
a former student. There did he play student, but he's

1736
01:25:38.960 --> 01:25:41.720
he's an ASU grad and he's all in on a

1737
01:25:41.840 --> 01:25:46.920
SU and he's a likable guy. Young guy Edwards brought

1738
01:25:47.600 --> 01:25:50.399
brought the team into the into the playoffs last year.

1739
01:25:50.680 --> 01:25:52.000
I wish I had him when I was there, I

1740
01:25:52.039 --> 01:25:53.640
had I had herm and it was.

1741
01:25:53.600 --> 01:25:56.239
Oh yeah, it wasn't that good. Yeah, anyway, it was.

1742
01:25:56.359 --> 01:25:58.880
It was pretty down impressive of what he did last year.

1743
01:25:59.159 --> 01:26:00.800
And I thought to myself, up as I'm watching this,

1744
01:26:00.840 --> 01:26:03.119
I'm gonna be it's gonna be a long row for

1745
01:26:03.279 --> 01:26:06.199
you of A with this guy. This guy staged as you.

1746
01:26:06.319 --> 01:26:09.640
I think it's gonna be tough for Arizona to beat

1747
01:26:09.720 --> 01:26:11.119
Arizona State for a while.

1748
01:26:11.159 --> 01:26:13.920
Yeah you have or you have a just switch for basketball.

1749
01:26:13.920 --> 01:26:16.079
See, yeah, we just have to. That's that's our rallying

1750
01:26:16.079 --> 01:26:18.119
cry around the football. When's basketball start? Right?

1751
01:26:18.840 --> 01:26:21.319
Well, a little educational piece just for everyone. Some people

1752
01:26:21.359 --> 01:26:23.800
do not take advantage of the HSA accounts when you

1753
01:26:23.840 --> 01:26:26.279
should be if you're enrolled in a high deductible health plan.

1754
01:26:26.399 --> 01:26:29.159
Even if your employer isn't necessarily setting up an HSA

1755
01:26:29.239 --> 01:26:31.079
for you, if you are enrolled in a high deductile

1756
01:26:31.079 --> 01:26:33.800
health plan, you can open up a standalone HSA. And

1757
01:26:34.119 --> 01:26:37.520
HSA is a health savings account. I've done this myself

1758
01:26:37.560 --> 01:26:39.600
through Fidelity. I'm sure there's other providers you can look

1759
01:26:39.640 --> 01:26:41.439
up to do the same thing. But the cool thing

1760
01:26:41.439 --> 01:26:43.359
about this one with value, I mean it has a

1761
01:26:43.399 --> 01:26:46.640
debit card connected to your HSA, so you can invest

1762
01:26:46.680 --> 01:26:50.279
the HSA money while you're not using it. For individuals,

1763
01:26:50.319 --> 01:26:52.880
you can put forty three hundred a year into it.

1764
01:26:52.880 --> 01:26:55.600
It's a tax free into that, so you're not going

1765
01:26:55.600 --> 01:26:57.560
to get tax on that money going in. It's going

1766
01:26:57.640 --> 01:26:59.159
to grow tax free, and you take the money out

1767
01:26:59.199 --> 01:27:01.479
tax free. And when the people most of the time

1768
01:27:01.520 --> 01:27:04.279
say okay, but taking it out for medical expenses is

1769
01:27:04.279 --> 01:27:06.039
probably not something I'm going to need because I'm a

1770
01:27:06.119 --> 01:27:09.960
very healthy person. Well, look up HSA eligible purchases. You'll

1771
01:27:10.000 --> 01:27:12.359
be much surprised that it's not just for the healthy.

1772
01:27:12.479 --> 01:27:14.239
You can use it on gym memberships. I use it

1773
01:27:14.279 --> 01:27:17.279
on You could probably use it on massages if you

1774
01:27:17.319 --> 01:27:19.479
looked it up. You know, I'm not an absolute expert

1775
01:27:19.520 --> 01:27:22.399
on all this, but there's a lot of provisions, gym memberships,

1776
01:27:23.439 --> 01:27:26.079
running shoes. I mean, there's certain things that you can

1777
01:27:26.199 --> 01:27:29.199
use for HSA purchases. Even on Amazon, there's a whole

1778
01:27:29.279 --> 01:27:32.640
category you can sort just by HSA items. And if

1779
01:27:32.680 --> 01:27:35.159
you're going to be spending which most people do, when

1780
01:27:35.199 --> 01:27:37.119
you look at all those items more than forty three

1781
01:27:37.199 --> 01:27:39.840
hundred or eighty seven hundred, I think it is for

1782
01:27:39.920 --> 01:27:43.880
families you should be maxing out that HSA and spending

1783
01:27:43.880 --> 01:27:45.760
out of it, because that is now at least four

1784
01:27:45.840 --> 01:27:48.439
eight thousand dollars that the government isn't taxing you on.

1785
01:27:48.920 --> 01:27:51.640
It might sound like peanuts, but do that over thirty years,

1786
01:27:51.680 --> 01:27:54.239
it's not going to be peanuts. Don't let them eat

1787
01:27:54.279 --> 01:27:57.079
away at you from eighty different sides. We all know

1788
01:27:57.119 --> 01:28:00.520
they do. You get triple, double, quadruple taxed. This is

1789
01:28:00.560 --> 01:28:02.479
just one way to make sure that they don't do

1790
01:28:02.560 --> 01:28:02.960
it more.

1791
01:28:03.039 --> 01:28:05.239
And even if you even if you don't invest the

1792
01:28:05.239 --> 01:28:07.319
funds right, you can just throw forty three hundred dollars

1793
01:28:07.399 --> 01:28:09.439
in there and just use it as a typical debit

1794
01:28:09.439 --> 01:28:12.279
account and it right away, right, and just make sure

1795
01:28:12.399 --> 01:28:14.840
you grow make sure that they're using it on HSA

1796
01:28:14.880 --> 01:28:17.520
eligible items. Like Todd said, they have opened that door

1797
01:28:17.960 --> 01:28:22.720
to so many options. I mean gym memberships, smoke secession things.

1798
01:28:23.000 --> 01:28:28.239
There's thermometers, hearing as, batteries, blood pressure memeters, toothpaste, toothpaste,

1799
01:28:28.520 --> 01:28:30.560
pretty much anything that you could think of other than

1800
01:28:31.319 --> 01:28:32.239
cosmetic stuff.

1801
01:28:32.279 --> 01:28:35.720
So just to clarify, we're using then pre tax money

1802
01:28:35.720 --> 01:28:40.560
to pay medical bills. What HSA is pre tax money.

1803
01:28:40.319 --> 01:28:43.600
Right, it's money that you're otherwise spending on other things

1804
01:28:44.039 --> 01:28:46.199
that you're correct, So you're going to get taxed on

1805
01:28:46.239 --> 01:28:48.439
something and then get tax on it again when you

1806
01:28:48.479 --> 01:28:49.159
pay for something.

1807
01:28:49.239 --> 01:28:50.279
Right, So you just said.

1808
01:28:50.479 --> 01:28:53.920
What you just said is yes, yes, you get you

1809
01:28:53.960 --> 01:28:55.760
get a tax precax money. I don't know why you

1810
01:28:55.760 --> 01:28:58.800
asked the question if it's so simple, the.

1811
01:28:58.840 --> 01:29:01.000
Simple question that you that you don't need to be

1812
01:29:01.039 --> 01:29:01.600
able to answer.

1813
01:29:01.760 --> 01:29:03.439
Well, you answered it for yourself because it was that

1814
01:29:03.520 --> 01:29:05.199
it's a rhetorical question because it's so simple.

1815
01:29:05.239 --> 01:29:07.760
So what's your point that the answer would be yes?

1816
01:29:07.800 --> 01:29:09.079
What's your rhetorical point? Then?

1817
01:29:09.319 --> 01:29:11.920
My rhetorical point is you're using this money that you're

1818
01:29:11.960 --> 01:29:13.840
never going to have to pay tax on to pay

1819
01:29:13.880 --> 01:29:14.479
your bills.

1820
01:29:14.880 --> 01:29:16.640
Yeah, you just get a deduction off of it. It's

1821
01:29:16.640 --> 01:29:17.159
pretty great.

1822
01:29:17.319 --> 01:29:22.520
Yeah, and you're going to not pay taxes on the outside, right,

1823
01:29:22.880 --> 01:29:25.399
getting double taxed? Right, you are going to have pay

1824
01:29:25.479 --> 01:29:29.479
sales tax after you're already taxed on income. Like, that's ridiculous.

1825
01:29:29.680 --> 01:29:32.159
I thought it was really interesting that it opened up

1826
01:29:32.199 --> 01:29:35.359
the door to like acupuncture, chriopractic care, and physical therapy.

1827
01:29:35.399 --> 01:29:37.279
I mean, you use it for your physical therapy, don't you.

1828
01:29:37.720 --> 01:29:39.239
It's a lot of things you can use it for.

1829
01:29:39.520 --> 01:29:42.520
Most employers offer an hs A plan, at least in

1830
01:29:42.560 --> 01:29:45.560
my experience, most of the employers I've worked for have

1831
01:29:45.680 --> 01:29:48.760
offered HSA well I takes advantage of because they don't

1832
01:29:48.800 --> 01:29:49.439
understand it well.

1833
01:29:49.479 --> 01:29:52.560
Some offer f essays and those are a little different, right,

1834
01:29:52.560 --> 01:29:55.079
because it's used it or lose it if you don't

1835
01:29:55.119 --> 01:29:57.680
use it in that year. I'm not sure where the

1836
01:29:57.720 --> 01:30:00.439
money actually goes. I'm not too sure, but you lose

1837
01:30:00.479 --> 01:30:02.159
it apparently. You know, I never had an.

1838
01:30:02.000 --> 01:30:02.319
F s A.

1839
01:30:02.359 --> 01:30:03.880
They probably paid to you in this tax.

1840
01:30:03.960 --> 01:30:06.520
Maybe it's tax right, that's that's probably would seems like

1841
01:30:06.520 --> 01:30:09.079
that seems reasonable, right, But yeah, the FSA is a

1842
01:30:09.079 --> 01:30:11.159
little different. H you say, they have the same eligibility

1843
01:30:11.439 --> 01:30:14.119
purchase list that you can choose from, but the FSA

1844
01:30:14.279 --> 01:30:16.079
you you got to use it in that year, where

1845
01:30:16.079 --> 01:30:17.359
the HU say you can let it grow.

1846
01:30:18.119 --> 01:30:20.479
And I've talked about before on the show, and I

1847
01:30:20.640 --> 01:30:22.800
just this kind of makes me think of it. If

1848
01:30:22.840 --> 01:30:26.560
you are in Medicare Plan F as in Frank and

1849
01:30:26.640 --> 01:30:30.760
are able to get out, and you have to be healthy,

1850
01:30:30.840 --> 01:30:32.479
you have to be able to pass the physical to

1851
01:30:32.520 --> 01:30:36.520
get out, get out. The only people that are in

1852
01:30:36.600 --> 01:30:40.279
Plan F are people that cannot get out, and as

1853
01:30:40.279 --> 01:30:43.880
a result that pool is diminishing. Those premiums are going

1854
01:30:43.960 --> 01:30:46.920
to keep going higher and higher and higher. If you

1855
01:30:47.119 --> 01:30:50.560
can get out, please get out, get into Plan G.

1856
01:30:51.640 --> 01:30:54.800
If you want someone to talk to, give us a call.

1857
01:30:54.880 --> 01:30:58.079
We can point in the right direction. But there's a

1858
01:30:58.159 --> 01:31:01.399
few certain certainties in life. If one is to do

1859
01:31:01.520 --> 01:31:03.720
a roth the four to one K if it's available

1860
01:31:03.720 --> 01:31:05.880
to you. Number two is get out a Plan F

1861
01:31:06.680 --> 01:31:12.880
if you can, And like Todd, is the HSA HSA right, Yeah.

1862
01:31:13.880 --> 01:31:15.920
Do you ever think that the deduction that you gets

1863
01:31:16.079 --> 01:31:18.960
by investing into the pre tax four one K side

1864
01:31:19.000 --> 01:31:20.039
will outweigh the benefit.

1865
01:31:20.800 --> 01:31:21.600
I can't imagine.

1866
01:31:21.640 --> 01:31:25.079
I can't imagine it either. No, especially if you're investing in.

1867
01:31:25.319 --> 01:31:28.119
Well, it's caveat for someone that's under fifty or something.

1868
01:31:28.119 --> 01:31:30.640
I mean again, like you can imagine someone that's got

1869
01:31:30.640 --> 01:31:33.359
a huge lump some distribution for the last three years

1870
01:31:33.399 --> 01:31:36.359
of their income, they're in a huge tax bread. Yeah,

1871
01:31:36.399 --> 01:31:37.960
you want to hide as much money as you can,

1872
01:31:38.359 --> 01:31:40.640
will not hide. We don't mean to hide. Put money

1873
01:31:40.640 --> 01:31:43.119
in four to one k and then not defer it

1874
01:31:43.159 --> 01:31:44.760
as much as you can, because then in a couple

1875
01:31:44.760 --> 01:31:46.359
of years you might be out of twenty four instead

1876
01:31:46.359 --> 01:31:50.600
of a thirty six. That there is certain gaps where

1877
01:31:50.720 --> 01:31:53.279
it can make sense for sure to do the pretax.

1878
01:31:53.319 --> 01:31:56.479
Would you advise the same thing for somebody that's not

1879
01:31:56.520 --> 01:31:59.399
invested into let's say that they're just invested into bonds,

1880
01:32:00.079 --> 01:32:03.479
money markets, they're not as aggressive within their accounts. You're

1881
01:32:03.520 --> 01:32:05.640
you telling them to rather take the tax deduction.

1882
01:32:06.239 --> 01:32:08.319
Well, yeah, I mean you'd have a lot of the

1883
01:32:08.399 --> 01:32:11.640
tax savings comes from the compound free growth. So if

1884
01:32:11.760 --> 01:32:13.880
Uncle Stam's getting a free ride with you, that's why

1885
01:32:13.920 --> 01:32:16.520
the IRA is annoying and the pre tax is annoying,

1886
01:32:16.520 --> 01:32:19.319
because the harvest is much more valuable than the seeds

1887
01:32:19.319 --> 01:32:19.760
you put in.

1888
01:32:20.159 --> 01:32:22.159
Well, the reason that the only reason to do an

1889
01:32:22.199 --> 01:32:25.119
ira or for one K traditionally is to forget the

1890
01:32:25.199 --> 01:32:27.800
tax deduction, right, so you're not taxing in the current year.

1891
01:32:28.279 --> 01:32:31.520
I promise you, as someone who's down the road, when

1892
01:32:31.520 --> 01:32:33.880
you get down the road, you're never going to remember

1893
01:32:34.239 --> 01:32:37.239
that amount of money. That's small amount of money you saved,

1894
01:32:37.640 --> 01:32:40.319
but that amount of money, historically speaking, is going to

1895
01:32:40.359 --> 01:32:43.079
more than double every ten years, and when you get

1896
01:32:43.119 --> 01:32:45.239
to the end of the road, that's going to be

1897
01:32:45.319 --> 01:32:48.600
a giant pool of money that's never going to be taxed.

1898
01:32:48.800 --> 01:32:50.800
It's the same thing with investing. It's like if you

1899
01:32:50.880 --> 01:32:55.079
just did two hundred dollars a month forever, like since

1900
01:32:55.079 --> 01:32:57.079
you were really young, it's not going to seem like

1901
01:32:57.119 --> 01:32:58.439
a lot, but at the end of it, it's going

1902
01:32:58.520 --> 01:33:01.079
to be a lot. So over the course and you

1903
01:33:01.119 --> 01:33:05.079
stay disciplined, little right decisions lead up to a great decision.

1904
01:33:05.279 --> 01:33:07.119
Yeah, I did not have wroth flor one k is

1905
01:33:07.119 --> 01:33:11.119
available to me during my prime earning years, but I wish.

1906
01:33:11.880 --> 01:33:14.920
I'm glad I didn't because I probably wouldn't have taken

1907
01:33:14.920 --> 01:33:19.640
advantage of it, and I'd be kicking myself. Now, why

1908
01:33:19.680 --> 01:33:22.119
anyone would do a traditional four one K versus a

1909
01:33:22.159 --> 01:33:24.479
wroth for one k is beyond me. I agree, it

1910
01:33:24.600 --> 01:33:25.439
just makes no sense.

1911
01:33:25.479 --> 01:33:28.159
The company's match will still be pre text because the

1912
01:33:28.159 --> 01:33:30.159
company gets a tax deduction. So you technically, if you

1913
01:33:30.199 --> 01:33:32.399
open a roth for on k through a company, you'll

1914
01:33:32.439 --> 01:33:35.680
probably have two because they're gonna have a pre tax

1915
01:33:35.800 --> 01:33:38.199
portion and a rough portion.

1916
01:33:38.359 --> 01:33:40.159
That's a good point. That's a very good point.

1917
01:33:40.199 --> 01:33:43.640
Either way, you'll have pretext growing. But yeah, it's becoming

1918
01:33:43.720 --> 01:33:45.039
much more popular the last few years to have a

1919
01:33:45.119 --> 01:33:47.560
roth for one K through a big company, so take

1920
01:33:47.600 --> 01:33:50.720
advantage of it for sure. But also you can contribute

1921
01:33:50.760 --> 01:33:53.720
up to thirty thousand dollars if you're over fifty.

1922
01:33:53.960 --> 01:33:56.800
And also if we're gonna get all these technological advancements

1923
01:33:57.039 --> 01:33:59.880
and we're gonna start living longer, it's gonna have the

1924
01:34:00.000 --> 01:34:03.439
social security and you start investing ourselves.

1925
01:34:03.920 --> 01:34:06.159
Yeah, I think solid security these days are numbered. I

1926
01:34:06.159 --> 01:34:09.039
think it's good they're going to have to do something,

1927
01:34:09.119 --> 01:34:12.640
and they should have over the last twenty twenty five years,

1928
01:34:12.640 --> 01:34:16.479
and again I could see this happening and didn't understand

1929
01:34:16.560 --> 01:34:21.000
why politicians weren't doing anything about it and I still

1930
01:34:21.039 --> 01:34:22.880
haven't gotten a response. By the way, to my email

1931
01:34:23.880 --> 01:34:27.600
about the W nine, I'm guessing that whatever president would

1932
01:34:27.600 --> 01:34:29.600
have been in power in the last thirty years, they

1933
01:34:29.600 --> 01:34:31.039
wouldn't have responded to my email.

1934
01:34:31.199 --> 01:34:32.199
Well, I've been in France.

1935
01:34:32.239 --> 01:34:34.840
I mean they increased the full time or the retireman

1936
01:34:34.880 --> 01:34:36.960
age to get your pension and they had a huge uproar.

1937
01:34:37.119 --> 01:34:38.720
So that's probably what happened here. Is you make it

1938
01:34:38.720 --> 01:34:40.720
from sixty two to say the first time you can

1939
01:34:40.760 --> 01:34:43.399
take it sixty seven, which is what they needed to do,

1940
01:34:43.880 --> 01:34:45.239
it's going to be an uproar.

1941
01:34:45.399 --> 01:34:48.840
They are going to get They had another uproar.

1942
01:34:49.000 --> 01:34:51.000
No, no, this was years ago. Okay, well they are

1943
01:34:51.039 --> 01:34:54.800
protesting something else, but it's not about that. It's gonna

1944
01:34:54.920 --> 01:34:56.319
piss people off, and you don't want to be the

1945
01:34:56.359 --> 01:34:58.399
politician to piss a bunch of people off about their money.

1946
01:34:58.399 --> 01:35:01.880
By the way, new sixth part show on Netflix called

1947
01:35:02.000 --> 01:35:06.680
Hostage worth watching, gotcha. It's about England and France and

1948
01:35:06.720 --> 01:35:08.840
it's a it's a high high movement. It's a it's

1949
01:35:08.880 --> 01:35:10.439
a it's a good show. What was the record to

1950
01:35:10.479 --> 01:35:12.800
mention me by a friend, I watched four parts, so

1951
01:35:12.960 --> 01:35:15.199
the first four parts are are pretty good. So if

1952
01:35:15.239 --> 01:35:17.359
you're looking for something to do this week and escape

1953
01:35:17.960 --> 01:35:21.399
on the Netflix, I think you like it. Sounds good

1954
01:35:21.560 --> 01:35:23.760
kind of different. Uh. Anyway, we're coming to the end

1955
01:35:23.760 --> 01:35:25.960
of the show. Anything last words for the crowd.

1956
01:35:26.039 --> 01:35:30.199
Go Badgers, go choose I bad one to O.

1957
01:35:30.439 --> 01:35:31.880
We're hoping to hoping for want to know.

1958
01:35:32.159 --> 01:35:33.439
And to beat Todd's old school.

1959
01:35:33.920 --> 01:35:35.479
Oh yeah, they're playing Mount View High School.

1960
01:35:35.479 --> 01:35:38.520
Oh they are a yeah? Well mom, just any good

1961
01:35:38.560 --> 01:35:38.920
this year?

1962
01:35:40.239 --> 01:35:40.720
Zero zero?

1963
01:35:41.000 --> 01:35:43.520
Well, enjoy football, enjoying the three day weekend, Enjoy all

1964
01:35:43.520 --> 01:35:45.079
the football that's going to be on in the next

1965
01:35:45.119 --> 01:35:47.359
three days. We're all excited about that. We want to

1966
01:35:47.359 --> 01:35:50.640
be happy, we want to be healthy, and what Greenberg

1967
01:35:50.720 --> 01:35:52.319
Financial is really trying to be is