1 00:00:02,360 --> 00:00:06,520 Speaker 1: Kyo fik you about karsened De talk Station. Happy Monday, 2 00:00:07,840 --> 00:00:10,480 Speaker 1: Christopher Smithman and the Smithvent if you have Karse dot 3 00:00:10,520 --> 00:00:13,159 Speaker 1: com on the podcast page, and welcome back to the 4 00:00:13,200 --> 00:00:16,120 Speaker 1: fifty five Krose Morning Show. Monday Monday's Brian James. Thanks 5 00:00:16,160 --> 00:00:17,959 Speaker 1: to All Word Financial Loan and you out every Monday. 6 00:00:17,960 --> 00:00:19,000 Speaker 1: It's good to have you on the show. 7 00:00:19,280 --> 00:00:21,520 Speaker 2: Happy Thanksgiving week to you, mister Thomas. 8 00:00:21,560 --> 00:00:24,320 Speaker 3: And let's not start this week by talking about stuff 9 00:00:24,320 --> 00:00:26,479 Speaker 3: that happened at Peycourse Stadium unless we're. 10 00:00:26,280 --> 00:00:28,280 Speaker 2: Gonna talk about the Instant. 11 00:00:27,840 --> 00:00:31,760 Speaker 3: Classic, not yesterday but Friday night between Santax and Older. 12 00:00:31,760 --> 00:00:32,800 Speaker 2: What an awesome game. 13 00:00:34,360 --> 00:00:36,640 Speaker 3: I love my sant X Bombers, but the pit is 14 00:00:36,680 --> 00:00:38,720 Speaker 3: one of the awesomest places to go see a game, 15 00:00:38,840 --> 00:00:41,000 Speaker 3: only left out by the fact that the clearview no 16 00:00:41,040 --> 00:00:43,400 Speaker 3: longer exists, so you can get a fish log and 17 00:00:43,479 --> 00:00:45,960 Speaker 3: a plastic picture of hoodie any clearview tamer and we 18 00:00:46,040 --> 00:00:47,920 Speaker 3: used to go there after Little league baseball games. 19 00:00:47,960 --> 00:00:49,760 Speaker 1: They buy us a picture, a cooker, coal and a 20 00:00:49,880 --> 00:00:52,080 Speaker 1: and a and a bowl of pretzels and chips, and 21 00:00:52,120 --> 00:00:54,360 Speaker 1: the and the dads would sit around the table and 22 00:00:54,640 --> 00:00:55,880 Speaker 1: chug down pictures of beer. 23 00:00:56,000 --> 00:00:57,920 Speaker 2: So fond memories, plastic pictures. 24 00:00:57,920 --> 00:00:59,880 Speaker 3: Absolutely, that's a great place and you could order some 25 00:01:00,080 --> 00:01:02,200 Speaker 3: gastro and testina regret for the next day. Yes, I 26 00:01:02,280 --> 00:01:04,280 Speaker 3: ended up missing it unfortunately though, because we could. We 27 00:01:04,280 --> 00:01:06,039 Speaker 3: were going to go to the game, but the weather 28 00:01:06,120 --> 00:01:07,880 Speaker 3: screwed up traffic and all that, so we ended up 29 00:01:07,920 --> 00:01:10,200 Speaker 3: up at Liberty Collective up in Liberty Township. That's another 30 00:01:10,200 --> 00:01:11,959 Speaker 3: great place to watch a game on the big screen. 31 00:01:12,040 --> 00:01:15,039 Speaker 3: They've been putting high school games on there all seasoned long. 32 00:01:15,080 --> 00:01:16,320 Speaker 3: So if you get a chance, come up here to 33 00:01:16,480 --> 00:01:18,360 Speaker 3: La Coota East High School and give it a watch. 34 00:01:18,600 --> 00:01:20,720 Speaker 2: Oh, starting off on a positive note and happy things. 35 00:01:20,959 --> 00:01:22,560 Speaker 1: I don't want to talk about the Bengals, I know, 36 00:01:22,720 --> 00:01:24,920 Speaker 1: I know, I know, although I did. The defense did 37 00:01:24,959 --> 00:01:26,839 Speaker 1: show up for a while there during the game, Yeah 38 00:01:26,920 --> 00:01:27,319 Speaker 1: they did. 39 00:01:27,880 --> 00:01:28,759 Speaker 2: I was impressed. 40 00:01:28,760 --> 00:01:30,880 Speaker 1: Man, they held them at the line a couple of 41 00:01:30,880 --> 00:01:33,360 Speaker 1: different times, and I keep think of, what's a foregone conclusion, 42 00:01:33,360 --> 00:01:35,880 Speaker 1: We've got another touchdown coming our way. But now so anyway, 43 00:01:35,920 --> 00:01:38,320 Speaker 1: there was some positive light in that game, but obviously 44 00:01:38,400 --> 00:01:40,560 Speaker 1: a said overall outcome, So we're just gonna have to 45 00:01:40,560 --> 00:01:41,960 Speaker 1: live with it, and we're gonna have to live with 46 00:01:42,000 --> 00:01:44,759 Speaker 1: inflation too. I don't know where you want to start. 47 00:01:44,840 --> 00:01:47,080 Speaker 1: I know where you got the FED. Maybe maybe not 48 00:01:47,200 --> 00:01:50,000 Speaker 1: cutting the interest rate this fall, we've got middle class 49 00:01:50,040 --> 00:01:53,200 Speaker 1: buckling under persistent inflation. Maybe we should start with that one, 50 00:01:53,240 --> 00:01:55,560 Speaker 1: then segue over to whether we're using our money the 51 00:01:55,640 --> 00:01:58,040 Speaker 1: right or wrong way. But yeah, we have persistent inflation. 52 00:01:58,080 --> 00:02:00,520 Speaker 1: It's going on for years now. Everything's more defensive. And 53 00:02:00,600 --> 00:02:03,120 Speaker 1: Brian James, how likely is it that prices are going 54 00:02:03,160 --> 00:02:05,840 Speaker 1: to be rolled back to, say, nineteen ninety nine at 55 00:02:05,880 --> 00:02:07,240 Speaker 1: any time in the future. 56 00:02:07,360 --> 00:02:10,360 Speaker 3: Well, I wouldn't be holding our breath on that particular topic, 57 00:02:10,400 --> 00:02:11,080 Speaker 3: mister Thomas. 58 00:02:11,240 --> 00:02:12,639 Speaker 2: I don't think that's the way it works. 59 00:02:12,639 --> 00:02:15,120 Speaker 3: But yeah, So what we're seeing now is we're really 60 00:02:15,240 --> 00:02:17,760 Speaker 3: starting to see the strain of inflation. So after five 61 00:02:17,880 --> 00:02:20,880 Speaker 3: years of being the way it is, lots of middle 62 00:02:20,919 --> 00:02:25,600 Speaker 3: class households are really showing some concern about it. Headline 63 00:02:25,639 --> 00:02:28,080 Speaker 3: inflation has fallen from twenty twenty two, so we're not 64 00:02:28,120 --> 00:02:29,800 Speaker 3: at the nine percent crazy. 65 00:02:29,440 --> 00:02:31,880 Speaker 2: Inflation that we used to be, but it's still up right. 66 00:02:32,120 --> 00:02:35,280 Speaker 3: So the inflation doesn't generally go back to the way 67 00:02:35,320 --> 00:02:37,919 Speaker 3: it was, It just stops increasing at the same rate. 68 00:02:38,000 --> 00:02:40,640 Speaker 3: So where we did have nine percent inflation, we've dropped 69 00:02:40,680 --> 00:02:43,440 Speaker 3: back to three. We would very much appreciate if we 70 00:02:43,440 --> 00:02:45,440 Speaker 3: could get back to two percent, that would be nice, 71 00:02:45,480 --> 00:02:47,840 Speaker 3: but that's probably not in the cars anytime soon. So 72 00:02:48,120 --> 00:02:51,640 Speaker 3: households earning sixty six thousand to maybe two hundred thousand 73 00:02:51,680 --> 00:02:53,880 Speaker 3: are part of this survey, and just lots of them 74 00:02:53,919 --> 00:02:57,760 Speaker 3: claiming that they know their purchasing power has declined and 75 00:02:57,800 --> 00:02:59,920 Speaker 3: really starting to see the numbers come through in their checking. 76 00:03:00,440 --> 00:03:03,560 Speaker 1: Well, doesn't this serve as a moment of reflection to 77 00:03:04,000 --> 00:03:06,880 Speaker 1: pause and really think about whether or not this is 78 00:03:06,880 --> 00:03:09,520 Speaker 1: the way I've lived my life? Brian James? Do I 79 00:03:09,600 --> 00:03:12,320 Speaker 1: really need it now? I occasionally bend the rule and 80 00:03:12,400 --> 00:03:14,280 Speaker 1: give myself a little pat of the back or gift 81 00:03:14,320 --> 00:03:16,480 Speaker 1: as a consequence of my hard work, But a lot 82 00:03:16,520 --> 00:03:17,959 Speaker 1: of times, you know, I'll stand there it's like, no, 83 00:03:18,280 --> 00:03:20,080 Speaker 1: don't need it. I don't really need to buy that. 84 00:03:20,160 --> 00:03:22,080 Speaker 1: It's an impulse by If I wait five minutes, I'm 85 00:03:22,320 --> 00:03:23,800 Speaker 1: it's going to clear my head. I'll move on with 86 00:03:23,840 --> 00:03:25,959 Speaker 1: my wife, and I won't regret not buying whatever it 87 00:03:26,040 --> 00:03:28,800 Speaker 1: is I'm contemplating. But it's been a real check on 88 00:03:29,160 --> 00:03:31,680 Speaker 1: managing money over the years, with my wife and I 89 00:03:31,680 --> 00:03:33,800 Speaker 1: I'm lucky enough to have married a very frugal woman 90 00:03:33,840 --> 00:03:35,600 Speaker 1: who kind of goes through life the same way. Do 91 00:03:35,640 --> 00:03:37,720 Speaker 1: I really need it? The answer is not really, Then 92 00:03:38,080 --> 00:03:40,560 Speaker 1: you just do it out. It's like Starbucks coffee. Anytime 93 00:03:40,560 --> 00:03:42,840 Speaker 1: I read an article about someone complaining about inflation then 94 00:03:42,880 --> 00:03:45,920 Speaker 1: turns to their eight dollars a cup Starbucks, I'm sorry, 95 00:03:45,960 --> 00:03:48,040 Speaker 1: I've got no love for that. You buy a count 96 00:03:48,360 --> 00:03:50,800 Speaker 1: two pounds of coffee at Costco. Yes, it's now eighteen 97 00:03:50,920 --> 00:03:52,800 Speaker 1: ninety nine for the two pounds, but you can make 98 00:03:53,000 --> 00:03:56,680 Speaker 1: fat tons of coffee, pots pot's worth of coffee that 99 00:03:56,720 --> 00:03:59,120 Speaker 1: are less money than the eight dollars one single cup 100 00:03:59,120 --> 00:04:01,360 Speaker 1: at Starbucks is one of many things to get unto 101 00:04:01,360 --> 00:04:04,080 Speaker 1: my skin, Brian. But then again, you choose what you 102 00:04:04,120 --> 00:04:05,960 Speaker 1: want to spend money on. But there are ways that 103 00:04:06,000 --> 00:04:08,400 Speaker 1: we can all trim. Don't we need to reflect on 104 00:04:08,480 --> 00:04:09,080 Speaker 1: what's important? 105 00:04:09,120 --> 00:04:09,840 Speaker 2: Brian James. 106 00:04:10,120 --> 00:04:12,880 Speaker 3: Yeah, I think it's been a few decades really since 107 00:04:12,920 --> 00:04:15,560 Speaker 3: we've had since the country as a whole has been 108 00:04:15,600 --> 00:04:18,840 Speaker 3: really forced to choose this. But not that because we've 109 00:04:19,080 --> 00:04:22,680 Speaker 3: been so successful economically that we've many people really just 110 00:04:22,760 --> 00:04:25,640 Speaker 3: haven't been forced into that situation and like you just raised, 111 00:04:25,680 --> 00:04:28,080 Speaker 3: you're not either, and neither am I, except that we 112 00:04:28,279 --> 00:04:31,400 Speaker 3: notice it. So in the conversations I have with my clients, 113 00:04:31,600 --> 00:04:32,800 Speaker 3: you know, there's really. 114 00:04:32,560 --> 00:04:33,400 Speaker 2: Two worlds out there. 115 00:04:33,440 --> 00:04:35,920 Speaker 3: There are people who are forced and have to cut 116 00:04:35,960 --> 00:04:37,880 Speaker 3: back and it's just the way it is, and there 117 00:04:37,920 --> 00:04:40,120 Speaker 3: are people who are just annoyed by it. It seems 118 00:04:40,120 --> 00:04:42,640 Speaker 3: like everybody is in one of two groups. And unfortunately, 119 00:04:43,600 --> 00:04:45,800 Speaker 3: we're just in a situation where the country has been 120 00:04:45,839 --> 00:04:48,800 Speaker 3: so successful economically that we can afford to get away 121 00:04:48,839 --> 00:04:50,279 Speaker 3: with it for now, and that hurts a lot of 122 00:04:50,279 --> 00:04:52,760 Speaker 3: people that are on the lower end of the economic spectrum. 123 00:04:52,800 --> 00:04:54,479 Speaker 3: Those are the ones that are getting hurt. The rest 124 00:04:54,520 --> 00:04:56,920 Speaker 3: of us are just annoyed. So be thankful if you're 125 00:04:56,960 --> 00:04:59,560 Speaker 3: in that latter group. Be thankful on Thursday that that's 126 00:04:59,600 --> 00:05:01,560 Speaker 3: the case you. If you can choose not to do 127 00:05:01,600 --> 00:05:04,200 Speaker 3: something because it annoys you that it's too expensive, that's 128 00:05:04,240 --> 00:05:06,039 Speaker 3: one thing. If you have to do it and you 129 00:05:06,120 --> 00:05:09,040 Speaker 3: have to sacrifice something else important, that is another thing. 130 00:05:09,160 --> 00:05:11,880 Speaker 1: Entirely well, yeah, and your last word is the most 131 00:05:11,920 --> 00:05:15,520 Speaker 1: important thing, an operative word in the sense if it's important. 132 00:05:15,920 --> 00:05:18,600 Speaker 1: Very surely we are priorities about what is truly important. 133 00:05:18,640 --> 00:05:20,040 Speaker 1: I think are kind of out of whack, and I 134 00:05:20,080 --> 00:05:22,720 Speaker 1: agree with you completely for the reasons you stayed. We've 135 00:05:22,760 --> 00:05:25,719 Speaker 1: just had it so wonderful in this country for so 136 00:05:25,920 --> 00:05:28,400 Speaker 1: long you really pretty much have to go back to 137 00:05:28,560 --> 00:05:31,239 Speaker 1: I don't know whether it was the tech bubble to burst, 138 00:05:31,320 --> 00:05:33,400 Speaker 1: the housing bubble to burst, but I think more fundamentally, 139 00:05:33,400 --> 00:05:36,160 Speaker 1: the entire decade that was the nineteen seventies to get 140 00:05:36,200 --> 00:05:38,840 Speaker 1: to a point where things were really really crappy and 141 00:05:38,920 --> 00:05:41,880 Speaker 1: everyone pretty much felt it, including the house I grew 142 00:05:41,960 --> 00:05:42,240 Speaker 1: up in. 143 00:05:42,839 --> 00:05:45,320 Speaker 3: Yeah, and I would say all of the different things 144 00:05:45,400 --> 00:05:47,520 Speaker 3: that have happened, and I've mentioned this before, but over 145 00:05:47,520 --> 00:05:49,720 Speaker 3: the last say fifty years, like you mentioned, the seventies 146 00:05:49,760 --> 00:05:52,000 Speaker 3: touched everybody, not a lot of you know, you couldn't 147 00:05:52,040 --> 00:05:54,880 Speaker 3: really find corners of the economy they were doing well 148 00:05:55,160 --> 00:05:58,000 Speaker 3: Versus two thousand and two, twenty and eight, and twenty 149 00:05:58,040 --> 00:06:00,599 Speaker 3: twenty two. All of those came along with crazy stock 150 00:06:00,640 --> 00:06:03,680 Speaker 3: market and economic swings, but those each one, and each 151 00:06:03,720 --> 00:06:05,440 Speaker 3: one of those became a catalyst. 152 00:06:05,760 --> 00:06:05,960 Speaker 2: Right. 153 00:06:06,000 --> 00:06:08,040 Speaker 3: So, so two thousand and two we had the tech 154 00:06:08,080 --> 00:06:10,200 Speaker 3: bubble burst that cleaned up the tech industry, and then 155 00:06:10,200 --> 00:06:12,000 Speaker 3: it went on to the Great Heights that we've seen now. 156 00:06:12,240 --> 00:06:15,359 Speaker 3: Two thousand and eight, we saw the financial backbone of 157 00:06:15,360 --> 00:06:18,159 Speaker 3: the country almost collapsed. Cleaned that up and went on 158 00:06:18,200 --> 00:06:21,560 Speaker 3: to greater heights too. Twenty twenty two was the COVID pullback, 159 00:06:21,560 --> 00:06:23,839 Speaker 3: and that ended up becoming a tech boom because everybody 160 00:06:23,880 --> 00:06:26,520 Speaker 3: had to go get a second desktop worth of technology 161 00:06:26,560 --> 00:06:29,479 Speaker 3: to bring it home. All those things drove the market higher, 162 00:06:29,480 --> 00:06:31,120 Speaker 3: and I would say, I agree with you. In the seventies, 163 00:06:31,160 --> 00:06:33,800 Speaker 3: that really wasn't the case. We had ten years of stagnancy. 164 00:06:34,320 --> 00:06:36,000 Speaker 3: Even if you were doing okay, it meant you were 165 00:06:36,040 --> 00:06:38,600 Speaker 3: treading water. The rest of the country was kind of 166 00:06:38,640 --> 00:06:41,640 Speaker 3: occasionally bobbing up and down below the surface. So yeah, 167 00:06:42,000 --> 00:06:44,120 Speaker 3: it's been a long time since we've had to sacrifice. 168 00:06:44,120 --> 00:06:46,720 Speaker 3: And when I look back, I feel like the eighties 169 00:06:46,760 --> 00:06:49,680 Speaker 3: and the nineties were the anomaly because really, nothing bad, 170 00:06:49,760 --> 00:06:53,000 Speaker 3: nothing crazy, happened. We had twenty years worth of solid 171 00:06:53,000 --> 00:06:54,920 Speaker 3: markets and there I think there's a whole generation to 172 00:06:55,000 --> 00:06:57,960 Speaker 3: people who feel like that every pullback has been since 173 00:06:57,960 --> 00:07:00,280 Speaker 3: then has been a mistake, something went wrong. But if 174 00:07:00,279 --> 00:07:02,200 Speaker 3: you look back over history, that's not the case. It's 175 00:07:02,240 --> 00:07:05,440 Speaker 3: the opposite. There's usually chaos. The eighties and the nineties 176 00:07:05,480 --> 00:07:07,799 Speaker 3: were too quiet, and that led a whole generation plus 177 00:07:07,839 --> 00:07:10,200 Speaker 3: of people to think that that was the norm. So 178 00:07:10,360 --> 00:07:14,600 Speaker 3: that gave us kind of a bit of a mistaken 179 00:07:14,680 --> 00:07:17,120 Speaker 3: underpinning of what we think the economy is supposed to be. 180 00:07:17,400 --> 00:07:19,680 Speaker 3: But I believe over the last quarter century or so, 181 00:07:19,720 --> 00:07:21,240 Speaker 3: we've been reminded that it don't work. 182 00:07:21,080 --> 00:07:21,720 Speaker 2: That way all the time. 183 00:07:21,920 --> 00:07:23,400 Speaker 1: Yeah, and you know, one of the points that was 184 00:07:23,400 --> 00:07:25,960 Speaker 1: made in this American Happiness is that a record low 185 00:07:26,000 --> 00:07:28,200 Speaker 1: are we just using money the wrong way? Article that's 186 00:07:28,280 --> 00:07:31,200 Speaker 1: kind of served as the impetus for this discussion some degree. Anyway, 187 00:07:31,600 --> 00:07:33,960 Speaker 1: And you know, back to my complaint about Starbucks coffee. 188 00:07:34,160 --> 00:07:37,000 Speaker 1: I love this woman who's quoted in the article. You know, 189 00:07:37,080 --> 00:07:39,880 Speaker 1: she cried every day after buying a five thousand square 190 00:07:39,880 --> 00:07:43,000 Speaker 1: foot house in Brooklyn, and she's lamenting that, Oh, it 191 00:07:43,080 --> 00:07:45,000 Speaker 1: was my dream to have, you know, grow up in 192 00:07:45,040 --> 00:07:47,520 Speaker 1: a big house or you know, raised my family in 193 00:07:47,560 --> 00:07:51,560 Speaker 1: a big house. Well maybe the dream was misplaced. I mean, 194 00:07:51,600 --> 00:07:53,800 Speaker 1: I think about this. She recoonized, Okay, we had cleaning 195 00:07:53,800 --> 00:07:56,040 Speaker 1: the house was a big, massive undertaking. Then her mom 196 00:07:56,080 --> 00:07:57,920 Speaker 1: shows up and says, you don't have any window treatments. 197 00:07:57,920 --> 00:07:59,600 Speaker 1: You need window treatment. So She's like, okay, I'm going 198 00:07:59,640 --> 00:08:01,880 Speaker 1: to come to now. I spend my time doing window treatments. 199 00:08:02,000 --> 00:08:04,200 Speaker 1: You know, furnishing a big home like that is expensive, 200 00:08:04,240 --> 00:08:07,520 Speaker 1: cleaning it, heating it, you know, more a cooling of 201 00:08:07,520 --> 00:08:10,480 Speaker 1: the summertime. What are you using it for? Is this 202 00:08:10,640 --> 00:08:12,840 Speaker 1: keep up with the joneses? Are you a victim of 203 00:08:12,880 --> 00:08:15,000 Speaker 1: so much marketing that you feel that unless you have 204 00:08:15,160 --> 00:08:18,120 Speaker 1: something that is extraordinarily large, too large for your even 205 00:08:18,120 --> 00:08:21,440 Speaker 1: your basic needs, that that's the right way to go. 206 00:08:21,680 --> 00:08:24,480 Speaker 2: Do you need it? That's going back to my fundamental question, 207 00:08:24,520 --> 00:08:25,960 Speaker 2: do you really need it? Right? 208 00:08:26,000 --> 00:08:27,960 Speaker 3: And I think that's where we've convinced ourselves that we 209 00:08:28,040 --> 00:08:30,720 Speaker 3: deserve certain things, and then certain things are just expected 210 00:08:30,760 --> 00:08:32,679 Speaker 3: to be. As you said, it was always her dream 211 00:08:32,720 --> 00:08:34,800 Speaker 3: to raise a family in her you know, in a 212 00:08:34,880 --> 00:08:36,920 Speaker 3: large house. So I think back to the books that 213 00:08:36,960 --> 00:08:39,120 Speaker 3: John Steinbeck wrote about the Great Depression. 214 00:08:39,160 --> 00:08:41,559 Speaker 2: It was somebody's dream to raise a family in a house. 215 00:08:42,920 --> 00:08:44,720 Speaker 3: I don't think anybody's going to be writing any classic 216 00:08:44,800 --> 00:08:47,040 Speaker 3: American literature about not being able to get the window 217 00:08:47,040 --> 00:08:47,720 Speaker 3: treatments you want. 218 00:08:48,640 --> 00:08:52,680 Speaker 2: I know, that's exactly my point. Maybe we need to 219 00:08:52,679 --> 00:08:54,679 Speaker 2: step back and just adjust a little bit. 220 00:08:54,679 --> 00:08:58,680 Speaker 1: I know we have a consumer driven economy, but come on, really, 221 00:08:58,960 --> 00:08:59,160 Speaker 1: you know. 222 00:08:59,240 --> 00:09:02,320 Speaker 3: Great to do a little introspection and make sure that 223 00:09:02,400 --> 00:09:03,920 Speaker 3: you're you're focused on the right things. 224 00:09:03,920 --> 00:09:06,040 Speaker 2: And that goes for me too, rightmre. 225 00:09:06,120 --> 00:09:08,120 Speaker 3: We're fortunate to not have you know, similar I know, 226 00:09:08,400 --> 00:09:10,240 Speaker 3: I know I don't have too many concerns, but at 227 00:09:10,240 --> 00:09:12,800 Speaker 3: the same time that also causes me to gripe about 228 00:09:12,840 --> 00:09:15,120 Speaker 3: things that I really should be thankful about exactly. 229 00:09:15,640 --> 00:09:19,080 Speaker 1: But you see, and you're right, I'll acknowledge my privilege. 230 00:09:19,160 --> 00:09:21,000 Speaker 1: My wife and I worked very, very hard get to 231 00:09:21,040 --> 00:09:23,079 Speaker 1: a point where, you know, we're comfortable and I don't 232 00:09:23,120 --> 00:09:25,880 Speaker 1: see any envisioned any problems. But then again, I never 233 00:09:26,080 --> 00:09:28,640 Speaker 1: was I went I never went down this road. I 234 00:09:28,640 --> 00:09:30,480 Speaker 1: wouldn't be where I am today if I had been, 235 00:09:30,559 --> 00:09:34,840 Speaker 1: you know, uh captivated by keeping up with the Joneses, 236 00:09:35,000 --> 00:09:38,400 Speaker 1: or it's just maybe this is a good time to 237 00:09:38,440 --> 00:09:42,760 Speaker 1: readjust maybe start reflecting on priorities, being thankful for what 238 00:09:42,800 --> 00:09:45,240 Speaker 1: we have and maybe saying, you know what, I don't 239 00:09:45,280 --> 00:09:47,760 Speaker 1: care what that guy on the street's got, what he's 240 00:09:47,800 --> 00:09:50,000 Speaker 1: spending it on. In fact, I remember that my favorite 241 00:09:50,000 --> 00:09:52,080 Speaker 1: commercial was the guy driving the lawnmower and he's in 242 00:09:52,080 --> 00:09:54,439 Speaker 1: this front of this massive, gorgeous house, and you know, 243 00:09:54,520 --> 00:09:56,240 Speaker 1: brand new Lahmer and he's driving. He's had this big 244 00:09:56,280 --> 00:09:58,559 Speaker 1: grin on his face, and all he's thinking about is 245 00:09:58,600 --> 00:10:01,000 Speaker 1: how underwater he is. For all the stuff that you 246 00:10:01,080 --> 00:10:02,679 Speaker 1: had cut acquired. 247 00:10:02,800 --> 00:10:04,959 Speaker 3: Probably can't fit that long more back in the garage 248 00:10:05,000 --> 00:10:05,760 Speaker 3: because of all the other. 249 00:10:05,679 --> 00:10:06,480 Speaker 2: Craft that's in there. 250 00:10:06,520 --> 00:10:09,880 Speaker 1: Exactly your possessions will own you. Maybe we need to 251 00:10:09,880 --> 00:10:11,640 Speaker 1: start thinking about that little bit. 252 00:10:11,760 --> 00:10:12,120 Speaker 2: Brian. 253 00:10:12,200 --> 00:10:15,040 Speaker 1: All right, let's be thankful for what we have and 254 00:10:15,120 --> 00:10:16,960 Speaker 1: let's move on and find out what's the FED gonna 255 00:10:16,960 --> 00:10:19,319 Speaker 1: do about it? If anything, Plus, is Thanksgiving going to 256 00:10:19,360 --> 00:10:20,240 Speaker 1: be cheaper this year? 257 00:10:20,559 --> 00:10:20,800 Speaker 2: More? 258 00:10:20,920 --> 00:10:23,720 Speaker 1: With all were financials Brian James. After I mentioned Odor 259 00:10:23,720 --> 00:10:26,319 Speaker 1: egsit od o r xit no e in the word 260 00:10:26,360 --> 00:10:29,120 Speaker 1: Odor exit, that's the website too, Odo exit dot com. 261 00:10:29,320 --> 00:10:31,760 Speaker 1: Products are manufactured right here in the Greater Cincinnati are 262 00:10:31,840 --> 00:10:33,720 Speaker 1: and have been for more than twenty five years, and 263 00:10:33,800 --> 00:10:36,839 Speaker 1: they work. First off, you don't last twenty five years. 264 00:10:36,880 --> 00:10:39,800 Speaker 1: If your products don't work, that word does tend to 265 00:10:39,800 --> 00:10:42,960 Speaker 1: get out. Then again, the products come with one hundred 266 00:10:42,960 --> 00:10:45,360 Speaker 1: percent satisfaction guarantee. Whether you want to get rid of smoke, 267 00:10:45,440 --> 00:10:48,199 Speaker 1: will mildew human odor pet Odors, skunk spray, that kind 268 00:10:48,200 --> 00:10:50,600 Speaker 1: of nasty stuff. They have a product that will work 269 00:10:51,000 --> 00:10:55,040 Speaker 1: one hundred percent satisfaction guaranteed. Use it as directed deal. 270 00:10:55,160 --> 00:10:56,960 Speaker 1: Odor is gone or you get your money back. So 271 00:10:57,040 --> 00:10:59,520 Speaker 1: take them up on the challenge. It's odor egsit dot com. 272 00:10:59,600 --> 00:11:01,760 Speaker 1: Multiple products there. It's easy to figure out which ones 273 00:11:01,800 --> 00:11:04,320 Speaker 1: you need. They'll mail it to you today. If you 274 00:11:04,440 --> 00:11:06,920 Speaker 1: order early enough, it'll be on your porch tomorrow. But 275 00:11:06,920 --> 00:11:09,480 Speaker 1: if you need it today, it's that bad. Buy it locally. 276 00:11:09,480 --> 00:11:12,120 Speaker 1: There's a search engine on the website. On the website though, 277 00:11:12,120 --> 00:11:14,200 Speaker 1: if you order it over twenty five bucks ship to 278 00:11:14,240 --> 00:11:17,280 Speaker 1: you for free. Odor exit dot com works on everything 279 00:11:17,280 --> 00:11:18,599 Speaker 1: except the stench of politics. 280 00:11:20,480 --> 00:11:21,320 Speaker 2: Hey, twenty if fIF. 281 00:11:21,200 --> 00:11:23,080 Speaker 1: You about Karose, you talk station Brian Thomas with all 282 00:11:23,080 --> 00:11:26,240 Speaker 1: our financials, Brian James's doing what we call money Monday. 283 00:11:26,720 --> 00:11:28,840 Speaker 1: Here's a rhetorical question for you there, Brian, as it 284 00:11:28,920 --> 00:11:32,800 Speaker 1: was waiting for the commercial break to be over, would 285 00:11:32,840 --> 00:11:36,160 Speaker 1: you turn down a proposal from your true love for want. 286 00:11:35,880 --> 00:11:38,560 Speaker 2: Of the diamond that you had in mind that you wanted. 287 00:11:39,559 --> 00:11:41,840 Speaker 3: Oh, and we'd be looking at lab diamonds all day 288 00:11:41,840 --> 00:11:44,800 Speaker 3: every day. Because I'm a financial planner and she is 289 00:11:44,840 --> 00:11:45,920 Speaker 3: extremely frugal too. 290 00:11:46,000 --> 00:11:48,640 Speaker 2: See lab diamonds. 291 00:11:48,400 --> 00:11:51,200 Speaker 1: There, they'll pick the frugal woman, that's what you need. 292 00:11:51,640 --> 00:11:52,520 Speaker 1: Or frugal meat. 293 00:11:53,800 --> 00:11:56,920 Speaker 3: Hey, just pick somebody who's yeah, who is doesn't have 294 00:11:56,960 --> 00:11:58,119 Speaker 3: a wing it mentality? 295 00:11:58,360 --> 00:12:00,840 Speaker 1: Right, You know you can always upgrade the road too 296 00:12:01,000 --> 00:12:03,040 Speaker 1: when you get more money. If you're financially you're talking 297 00:12:03,040 --> 00:12:06,040 Speaker 1: about the diamond or the spouse. No, the diamond, Yeah, 298 00:12:06,120 --> 00:12:09,280 Speaker 1: I forgot you, well, because that's what I did. I 299 00:12:09,320 --> 00:12:11,000 Speaker 1: bought the diamond on the day we just I decided 300 00:12:11,040 --> 00:12:13,480 Speaker 1: I was going to ask her to be my wife, 301 00:12:13,520 --> 00:12:14,840 Speaker 1: and went out and bought it. And I went to 302 00:12:14,880 --> 00:12:17,120 Speaker 1: the you know, the jewelers row there in Chicago, and 303 00:12:17,200 --> 00:12:19,920 Speaker 1: that's where I went, and I got what I could afford. 304 00:12:20,440 --> 00:12:22,320 Speaker 2: But it was a plain simple you know. 305 00:12:22,360 --> 00:12:24,600 Speaker 1: I think the setting where it was like one hundred 306 00:12:24,600 --> 00:12:26,920 Speaker 1: dollars for the gold band, that's all. It was a 307 00:12:27,320 --> 00:12:30,000 Speaker 1: diamond in a band. Well, several years later, you know, 308 00:12:30,120 --> 00:12:31,920 Speaker 1: things had gotten a little better for us financially. I 309 00:12:31,960 --> 00:12:33,959 Speaker 1: bought her a new setting and it's got diamonds in 310 00:12:34,000 --> 00:12:35,400 Speaker 1: it and all this kind of stuff, so it acts 311 00:12:35,400 --> 00:12:38,040 Speaker 1: censoring and she loves it. You know, didn't get it 312 00:12:38,080 --> 00:12:39,959 Speaker 1: all at the first that waited a little bit. 313 00:12:40,080 --> 00:12:40,679 Speaker 2: That's ironic. 314 00:12:40,720 --> 00:12:43,200 Speaker 3: That's the exact same place that we did our kidding 315 00:12:43,280 --> 00:12:45,080 Speaker 3: working up there at the time. And yeah, she she 316 00:12:45,240 --> 00:12:46,720 Speaker 3: the only thing she gave me was she had there 317 00:12:46,760 --> 00:12:48,839 Speaker 3: was she had a shape that she wanted. Nothing else mattered, 318 00:12:48,880 --> 00:12:50,760 Speaker 3: and we talked about upgrading it down the road, but 319 00:12:50,800 --> 00:12:52,800 Speaker 3: by the time we got there, the other things just 320 00:12:52,840 --> 00:12:55,119 Speaker 3: had become more important that we were working on together. 321 00:12:54,880 --> 00:12:56,600 Speaker 2: Family and house and all that other stuff. And so 322 00:12:56,880 --> 00:12:58,800 Speaker 2: she still got the same one that she used to have. 323 00:12:58,920 --> 00:13:01,800 Speaker 2: And you know what it has now sentimental value. There 324 00:13:01,840 --> 00:13:02,080 Speaker 2: you got. 325 00:13:02,320 --> 00:13:04,320 Speaker 1: I didn't get everything I wanted. But you know what, 326 00:13:04,520 --> 00:13:06,720 Speaker 1: here we are today after all these years, and I 327 00:13:06,760 --> 00:13:09,160 Speaker 1: have something to look at and reflect on and think, 328 00:13:09,240 --> 00:13:11,680 Speaker 1: you know what, it isn't the ring that matters. 329 00:13:11,440 --> 00:13:13,880 Speaker 2: Right, we are still here. 330 00:13:13,760 --> 00:13:16,480 Speaker 1: Heymen, brother, over to the Federal Reserve. Now, one thing 331 00:13:16,520 --> 00:13:19,000 Speaker 1: I have to observe. If the Federal Reserve cuts rates, 332 00:13:19,000 --> 00:13:21,360 Speaker 1: that's fine. People may get a little giddy with excitement. 333 00:13:21,440 --> 00:13:25,200 Speaker 1: It would be fine because presumably interest rates for home 334 00:13:25,280 --> 00:13:27,960 Speaker 1: purchases would go down, But that does not alter the 335 00:13:28,000 --> 00:13:30,400 Speaker 1: supply landscape, and it doesn't mean the price of homes 336 00:13:30,480 --> 00:13:32,280 Speaker 1: mean is going to be more affordable. I would argue 337 00:13:32,280 --> 00:13:34,600 Speaker 1: maybe less so since more people might be in the market. 338 00:13:35,000 --> 00:13:38,680 Speaker 3: Yeah, and we've actually had some conversations on our with 339 00:13:38,679 --> 00:13:41,360 Speaker 3: with other experts in the real estate space, basically saying 340 00:13:41,360 --> 00:13:45,559 Speaker 3: that we could swing back into the seller's market a 341 00:13:45,600 --> 00:13:47,960 Speaker 3: little bit with this because of that. Just yeah, I 342 00:13:48,000 --> 00:13:49,720 Speaker 3: mean not a whole lot, just but it's just not 343 00:13:49,760 --> 00:13:52,400 Speaker 3: the steady march you know, downward in terms of pricing 344 00:13:52,400 --> 00:13:53,960 Speaker 3: and all that. Because of what you just said. There 345 00:13:53,960 --> 00:13:55,679 Speaker 3: are people who have been sitting on the sidelines who 346 00:13:55,720 --> 00:13:58,079 Speaker 3: don't have to buy a house, maybe would really really 347 00:13:58,160 --> 00:14:00,679 Speaker 3: like to, but we're pausing waiting on inch. Well, we've 348 00:14:00,679 --> 00:14:02,920 Speaker 3: had some interest rate cuts and that is bringing people 349 00:14:02,920 --> 00:14:05,240 Speaker 3: back in the fold. If you've got a mortgage a 350 00:14:05,280 --> 00:14:07,719 Speaker 3: few years ago, then you might be looking currently. We've 351 00:14:07,720 --> 00:14:09,559 Speaker 3: had some upticks too, but over the last several weeks 352 00:14:09,600 --> 00:14:10,719 Speaker 3: you might have been able to get in at it 353 00:14:10,760 --> 00:14:12,960 Speaker 3: maybe a full one to one and a half percent 354 00:14:13,160 --> 00:14:16,040 Speaker 3: a lower refinance rate to knock down that close to 355 00:14:16,040 --> 00:14:17,920 Speaker 3: eight percent mortgage you were forced to get a few 356 00:14:18,000 --> 00:14:21,600 Speaker 3: years ago. So we're still on that path, but it's 357 00:14:21,600 --> 00:14:25,600 Speaker 3: not as likely than it was for another rate cut 358 00:14:25,600 --> 00:14:28,120 Speaker 3: here in December. So we've got some of the comments 359 00:14:28,120 --> 00:14:29,680 Speaker 3: that came out at the end of October from the 360 00:14:29,720 --> 00:14:33,920 Speaker 3: various Fed governors basically are indicating a completely split opinion. 361 00:14:33,920 --> 00:14:36,320 Speaker 3: There are those who want to go ahead and cut 362 00:14:36,840 --> 00:14:40,840 Speaker 3: because of the labor situation, that's we want the lower rates, 363 00:14:40,840 --> 00:14:42,760 Speaker 3: and the other half things that we need to remain 364 00:14:42,800 --> 00:14:44,880 Speaker 3: at current levels because inflation is still a little higher 365 00:14:44,880 --> 00:14:47,160 Speaker 3: than we want. Like we said earlier, we're way down 366 00:14:47,200 --> 00:14:49,440 Speaker 3: off the nine percent peak, but we would very much 367 00:14:49,480 --> 00:14:51,760 Speaker 3: prefer to be closer to two percent currently a little 368 00:14:51,760 --> 00:14:55,040 Speaker 3: above three. So it depends on what camp you're in. 369 00:14:55,160 --> 00:14:56,960 Speaker 3: We may or may not be looking at a rate 370 00:14:57,000 --> 00:14:58,920 Speaker 3: cut here in December, but it's not as likely as 371 00:14:58,960 --> 00:14:59,680 Speaker 3: it once appeared. 372 00:15:00,240 --> 00:15:04,080 Speaker 1: Well, I know the labor report was pretty good, but 373 00:15:04,160 --> 00:15:07,920 Speaker 1: what is this, this persistent inflation. It seems to me 374 00:15:07,960 --> 00:15:10,800 Speaker 1: that at some point employers are going to have to start, 375 00:15:10,840 --> 00:15:13,160 Speaker 1: you know, ratcheting up the salaries so people can afford 376 00:15:13,160 --> 00:15:15,240 Speaker 1: to buy things, because again, as you pointed out, the 377 00:15:15,240 --> 00:15:17,280 Speaker 1: prices are never going to come down. They're just going 378 00:15:17,360 --> 00:15:20,560 Speaker 1: to either just increase by less if the if the 379 00:15:20,800 --> 00:15:21,960 Speaker 1: rate of inflation drops. 380 00:15:21,960 --> 00:15:23,520 Speaker 3: But well, I mean, I don't I don't know if 381 00:15:23,520 --> 00:15:24,800 Speaker 3: you meant it this way or not, but you kind 382 00:15:24,840 --> 00:15:26,920 Speaker 3: of said that. What you what I heard you say, 383 00:15:27,080 --> 00:15:30,680 Speaker 3: was that employers will have to look at raising wages, well, 384 00:15:30,720 --> 00:15:33,040 Speaker 3: not necessarily, as long as people keep showing up to work, 385 00:15:33,080 --> 00:15:35,120 Speaker 3: and if they've got the option to start using AI 386 00:15:35,160 --> 00:15:36,800 Speaker 3: to wipe things out. So I think over the long 387 00:15:36,960 --> 00:15:39,800 Speaker 3: over the longer homes. Yeah, opposite, So it's going to 388 00:15:39,840 --> 00:15:41,640 Speaker 3: be a little harder to hang on to that job 389 00:15:41,680 --> 00:15:43,280 Speaker 3: for all those reasons. But at the end of the day, 390 00:15:43,280 --> 00:15:45,240 Speaker 3: if they can make the same profit, or heaven forbid, 391 00:15:45,280 --> 00:15:47,600 Speaker 3: actually raise it a little bit and hide the profit 392 00:15:47,680 --> 00:15:50,440 Speaker 3: margin under the blame of inflation, then they're absolutely going 393 00:15:50,480 --> 00:15:52,760 Speaker 3: to do that because we are the United States a 394 00:15:52,760 --> 00:15:53,400 Speaker 3: profit margin. 395 00:15:53,560 --> 00:15:56,880 Speaker 1: We are, indeed, And another reason you just chimed in there, 396 00:15:56,960 --> 00:16:00,480 Speaker 1: artificial intelligence versus maybe a career in the t which 397 00:16:00,520 --> 00:16:04,400 Speaker 1: I don't see artificial intelligence replacing any time soon, Brian. 398 00:16:04,640 --> 00:16:06,120 Speaker 2: Nod I would absolutely agree with that. 399 00:16:06,160 --> 00:16:11,000 Speaker 3: And that's that kind of work and working with people healthcare, 400 00:16:11,160 --> 00:16:13,800 Speaker 3: you know, in home care, those kinds of things, dealing 401 00:16:13,840 --> 00:16:16,480 Speaker 3: helping people aging, those kinds of things. I think where 402 00:16:16,520 --> 00:16:19,200 Speaker 3: you are truly have a personal connection that is absolutely 403 00:16:19,520 --> 00:16:21,880 Speaker 3: there's great opportunities there and that should not be overlooked. 404 00:16:21,880 --> 00:16:23,760 Speaker 3: Maybe you had a dream of something larger, but be 405 00:16:23,800 --> 00:16:26,800 Speaker 3: real careful and understand what artificial intelligence is going to 406 00:16:26,800 --> 00:16:28,520 Speaker 3: be doing to a lot of different industries. Doesn't mean 407 00:16:28,560 --> 00:16:31,680 Speaker 3: don't pursue it, but go in eyes wide open, Turkey 408 00:16:31,720 --> 00:16:34,160 Speaker 3: dinner as an indicator of inflation, among other things. They're 409 00:16:34,160 --> 00:16:35,800 Speaker 3: going to have one more segment here with money, mondays 410 00:16:35,800 --> 00:16:38,040 Speaker 3: Brian James, Brian, hang on, get right back with you. 411 00:16:38,120 --> 00:16:42,360 Speaker 2: Just a minute. Fifty five KRC service to America. 412 00:16:43,040 --> 00:16:45,080 Speaker 1: Just I have a thirty fifty five KRCD talk station. 413 00:16:46,520 --> 00:16:48,120 Speaker 1: That's the love for the veterans coming your way. In 414 00:16:48,120 --> 00:16:50,680 Speaker 1: the next segment, carsee cares and it does. Chris Cluffe 415 00:16:50,760 --> 00:16:53,080 Speaker 1: the since ANYVA got a couple of new outpatient clinics, 416 00:16:53,080 --> 00:16:55,760 Speaker 1: a new eye center, and we'll find out about those locations, 417 00:16:55,760 --> 00:16:57,680 Speaker 1: what they're offering, and other things that the VA can 418 00:16:57,760 --> 00:16:59,840 Speaker 1: do and will do for the American veteran. God bless 419 00:16:59,880 --> 00:17:02,520 Speaker 1: you every one of them. Brian James. Flipping over to 420 00:17:02,800 --> 00:17:04,800 Speaker 1: Thanksgiving dinner, Donald Trump said it is gonna be twenty 421 00:17:04,840 --> 00:17:08,520 Speaker 1: It's gonna be twenty five percent less this year. Some 422 00:17:09,160 --> 00:17:12,120 Speaker 1: raising a John Desci of skepticism, Where are you on 423 00:17:12,200 --> 00:17:15,720 Speaker 1: the realities of Thanksgiving? At least it doesn't usually involve beef. 424 00:17:16,840 --> 00:17:17,320 Speaker 2: This is true. 425 00:17:17,320 --> 00:17:19,920 Speaker 3: We can not talk about beef, and eggs aren't the 426 00:17:19,960 --> 00:17:22,280 Speaker 3: star of the show either this time around. So, yeah, 427 00:17:22,480 --> 00:17:24,119 Speaker 3: it's the time of year where we talk about how 428 00:17:24,200 --> 00:17:25,840 Speaker 3: much it costs to lay out a table for your 429 00:17:25,840 --> 00:17:28,760 Speaker 3: loved ones for Thanksgiving. And the survey we normally talk 430 00:17:28,800 --> 00:17:31,639 Speaker 3: about comes from the Farm Bureau, and to me, that's 431 00:17:31,680 --> 00:17:33,120 Speaker 3: the one that counts. If you're gonna look at data, 432 00:17:33,200 --> 00:17:34,520 Speaker 3: you know, over a long period of time, it really 433 00:17:34,560 --> 00:17:35,840 Speaker 3: kind of has to be the same data or you're 434 00:17:35,920 --> 00:17:39,080 Speaker 3: just kind of making stuff up. So the Farm Bureaus 435 00:17:39,119 --> 00:17:41,440 Speaker 3: one is, this is forty years old now. In their 436 00:17:41,560 --> 00:17:44,440 Speaker 3: estimate is that the Thanksgiving feast for ten will be 437 00:17:44,480 --> 00:17:47,680 Speaker 3: about fifty five dollars and eighteen cents. For twenty twenty five, now, 438 00:17:47,680 --> 00:17:50,280 Speaker 3: that is about five percent lower than twenty twenty four. 439 00:17:50,320 --> 00:17:53,040 Speaker 3: So I think it's factual to say that, yes, costs 440 00:17:53,119 --> 00:17:55,359 Speaker 3: have declined, and this is the third straight year of 441 00:17:55,359 --> 00:17:58,880 Speaker 3: declines after previous record highs. Go figure, the Farm Bureau's 442 00:17:59,200 --> 00:18:01,920 Speaker 3: survey peaked about three years ago, when we had crazy 443 00:18:02,000 --> 00:18:02,960 Speaker 3: nine percent inflation. 444 00:18:03,400 --> 00:18:06,080 Speaker 1: Well wait, didn't the bird flu have an impact on 445 00:18:06,119 --> 00:18:07,320 Speaker 1: that as well, because all everything does. 446 00:18:07,400 --> 00:18:09,479 Speaker 3: Yeah, the bird flu comes, comes and goes. You know, 447 00:18:09,640 --> 00:18:11,600 Speaker 3: we hear about it every few years. So absolutely that 448 00:18:11,640 --> 00:18:14,520 Speaker 3: was there, plus just a cost of hauling a cranberry 449 00:18:14,520 --> 00:18:16,960 Speaker 3: goop across the you know, in a truck coop. 450 00:18:17,920 --> 00:18:20,399 Speaker 2: Maybe being a little cynical, but it is what it is. 451 00:18:21,680 --> 00:18:24,160 Speaker 3: So we're contrasting that, though with what you mentioned, which 452 00:18:24,160 --> 00:18:26,399 Speaker 3: the White House wanted to latch onto a claim that 453 00:18:26,720 --> 00:18:28,800 Speaker 3: the Thanksgiving dinner basket is going to be about twenty 454 00:18:28,800 --> 00:18:30,840 Speaker 3: five percent less this year compared with last. 455 00:18:31,119 --> 00:18:33,719 Speaker 2: Now that's not untrue. They're not making it up. 456 00:18:33,720 --> 00:18:37,080 Speaker 3: But what they're looking at is the promotional basket from Walmart, 457 00:18:37,720 --> 00:18:41,040 Speaker 3: which at that point of that's forty bucks for ten people. 458 00:18:41,600 --> 00:18:44,159 Speaker 3: Last year was about fifty six dollars for eight people. 459 00:18:44,200 --> 00:18:47,120 Speaker 3: But that itself is not apples to apples. The Walmart 460 00:18:47,160 --> 00:18:49,840 Speaker 3: twenty twenty five basket only had fifteen things in it, 461 00:18:50,040 --> 00:18:52,080 Speaker 3: where in twenty twenty four it had twice as many. 462 00:18:52,160 --> 00:18:58,120 Speaker 3: So there's you can eat less for half the costs. 463 00:18:58,119 --> 00:19:01,239 Speaker 2: Size basket it has got less stuff. Is look at 464 00:19:01,240 --> 00:19:03,080 Speaker 2: the size of the basket. Everybody focus on that. 465 00:19:03,520 --> 00:19:06,560 Speaker 3: So you know, again, it's not untrue that the costs 466 00:19:06,600 --> 00:19:09,240 Speaker 3: have come down, but it is also not true that 467 00:19:09,320 --> 00:19:10,920 Speaker 3: it came down twenty five percent. 468 00:19:11,000 --> 00:19:13,240 Speaker 1: That's not a thing. Well, you know, you can't get 469 00:19:13,240 --> 00:19:15,399 Speaker 1: things on sale. And here's a fun fact. It's a 470 00:19:15,480 --> 00:19:19,159 Speaker 1: money tip for everybody who has a dog. Yams. Yams 471 00:19:19,160 --> 00:19:21,199 Speaker 1: were like forty seven cents a pound, which is a 472 00:19:21,200 --> 00:19:23,840 Speaker 1: significant drop from the normal price of yams, plain old 473 00:19:23,960 --> 00:19:26,040 Speaker 1: uncooked yams in a back. I think they were even 474 00:19:26,040 --> 00:19:28,240 Speaker 1: maybe less than that. My wife bought like twenty pounds. 475 00:19:28,240 --> 00:19:30,639 Speaker 1: Why because if you slice them up thin and you 476 00:19:30,680 --> 00:19:33,440 Speaker 1: dehydrate them, the dogs love them. It is the most 477 00:19:33,440 --> 00:19:35,960 Speaker 1: inexpensive dog treat you can buy, and your dogs will 478 00:19:36,040 --> 00:19:39,679 Speaker 1: be happier eating the dehydrated, crispy crunchy yams than they 479 00:19:39,680 --> 00:19:44,360 Speaker 1: would anything you could buy from a manufacturer. Wholesome, nutritious, 480 00:19:44,440 --> 00:19:47,120 Speaker 1: no preservatives, no additives. There's your money tip for the day. 481 00:19:47,119 --> 00:19:50,439 Speaker 3: Brian James and up thirty seven percent according to the 482 00:19:50,440 --> 00:19:53,480 Speaker 3: Farm Bureau. Sweet potatoes spiked last year, So you're you're 483 00:19:53,760 --> 00:19:55,879 Speaker 3: gonna need to kind of sacrifice some things. 484 00:19:55,920 --> 00:19:57,200 Speaker 2: You want to keep that tradition going. 485 00:19:59,200 --> 00:20:02,040 Speaker 1: Hate to burch your sad me Thanksgiving eighteen dollars a 486 00:20:02,080 --> 00:20:05,639 Speaker 1: bag dog treats from the manufacturer. No thank you, no 487 00:20:05,760 --> 00:20:07,520 Speaker 1: thank you. This makes us a great tip. Oh and 488 00:20:08,240 --> 00:20:11,240 Speaker 1: I passed along to the youthful Sean McMahon who's covering 489 00:20:11,240 --> 00:20:13,080 Speaker 1: the show for Joe just tracker, and I wanted to 490 00:20:13,119 --> 00:20:14,840 Speaker 1: ask you this because this is a point that came 491 00:20:14,920 --> 00:20:16,720 Speaker 1: up back in the day. I basically thought, I'm the 492 00:20:16,760 --> 00:20:19,520 Speaker 1: Mary Smart right. I mean, if you got a good spouse, 493 00:20:19,560 --> 00:20:21,640 Speaker 1: your life will be more stable. You're on the same 494 00:20:21,680 --> 00:20:24,480 Speaker 1: page in terms of finances. It's easy for two incomes 495 00:20:24,480 --> 00:20:27,399 Speaker 1: to afford than one, obviously, so getting married to me 496 00:20:27,440 --> 00:20:32,640 Speaker 1: has always been a valuable thing from a financial stability standpoint. 497 00:20:32,680 --> 00:20:34,960 Speaker 1: But Nathan and Ed used to say, you know, if 498 00:20:34,960 --> 00:20:37,200 Speaker 1: you want to, you know, get a nice nested egg 499 00:20:37,280 --> 00:20:39,840 Speaker 1: and be comfortable and happy in life, then get married, 500 00:20:39,880 --> 00:20:42,919 Speaker 1: but never ever get divorced, because that'll send you the 501 00:20:42,960 --> 00:20:45,760 Speaker 1: exact opposite direction. So ultimately you're left with the choice 502 00:20:45,760 --> 00:20:48,480 Speaker 1: of making sure you find the right person up front 503 00:20:48,640 --> 00:20:50,000 Speaker 1: or never get married. 504 00:20:50,640 --> 00:20:51,720 Speaker 2: Yeah, that is very much. 505 00:20:52,320 --> 00:20:54,119 Speaker 3: You want to get that decision right to begin with, 506 00:20:54,200 --> 00:20:56,679 Speaker 3: and it's a team sport from it. It start to end, 507 00:20:56,720 --> 00:20:59,399 Speaker 3: and I would throw out the most awkward client situations 508 00:20:59,440 --> 00:21:01,720 Speaker 3: I have, or maybe only one of the two will 509 00:21:01,720 --> 00:21:04,040 Speaker 3: show up to a meeting where we review their finances. 510 00:21:04,160 --> 00:21:06,720 Speaker 3: That means one person has absolutely no idea what's going on, 511 00:21:07,040 --> 00:21:09,600 Speaker 3: and I just assume that there's little to no conversation. 512 00:21:09,680 --> 00:21:11,439 Speaker 3: Those are the ones that I know I'm going to 513 00:21:11,440 --> 00:21:12,960 Speaker 3: be coming back three, four or five years ago and 514 00:21:12,960 --> 00:21:14,000 Speaker 3: we're going to be splitting. 515 00:21:13,720 --> 00:21:14,360 Speaker 2: Up the assets. 516 00:21:14,680 --> 00:21:16,960 Speaker 1: It's a shame to see that. Or alternatively, try to 517 00:21:16,960 --> 00:21:19,520 Speaker 1: be a little positive in it. The other person trusts 518 00:21:19,520 --> 00:21:22,760 Speaker 1: the spouse so completely that he or she is making 519 00:21:22,760 --> 00:21:25,320 Speaker 1: the right financial decisions, there's no need for the other 520 00:21:25,359 --> 00:21:27,840 Speaker 1: person to show up, particularly if they're not interested in it. 521 00:21:27,880 --> 00:21:31,040 Speaker 1: Although trust me, I see the pitfalls associated with that. 522 00:21:31,160 --> 00:21:33,119 Speaker 3: Yes, that is true, and the pitfalls you're referring to 523 00:21:33,240 --> 00:21:34,920 Speaker 3: is we don't get to call all of our shots 524 00:21:34,960 --> 00:21:36,880 Speaker 3: in life one day. If you are the spouse who's 525 00:21:36,920 --> 00:21:39,359 Speaker 3: been trusting, then that's great, except you may need to 526 00:21:39,359 --> 00:21:41,639 Speaker 3: make the decisions. You've got to have an idea roughly 527 00:21:41,680 --> 00:21:43,840 Speaker 3: of where things are or who the advisor is that's 528 00:21:43,840 --> 00:21:45,280 Speaker 3: going to help you through it. At least be able 529 00:21:45,320 --> 00:21:46,520 Speaker 3: to pick them out of a crowd. 530 00:21:46,320 --> 00:21:48,119 Speaker 1: And I would argue most people are not capable of 531 00:21:48,160 --> 00:21:50,560 Speaker 1: going through that exercise, which is exactly why you need 532 00:21:50,600 --> 00:21:53,600 Speaker 1: the help of a financial planner who has a fiduciary 533 00:21:53,640 --> 00:21:56,680 Speaker 1: obligation to you. And that's what Brian does each and 534 00:21:56,720 --> 00:21:58,160 Speaker 1: every day. And I appreciate you coming to the show 535 00:21:58,160 --> 00:22:00,760 Speaker 1: every Monday and indulging me with my ramble links Brian James, 536 00:22:00,800 --> 00:22:03,159 Speaker 1: but also passing along some great information. We'll do this 537 00:22:03,200 --> 00:22:05,800 Speaker 1: again next Monday, and again Happy Thanksgiving to you and 538 00:22:05,840 --> 00:22:07,000 Speaker 1: the family and everybody at all Worth. 539 00:22:07,160 --> 00:22:09,679 Speaker 3: And I appreciate you tolerating my ramblings. Thank you for 540 00:22:09,720 --> 00:22:11,720 Speaker 3: that opportunity, and we will talk to you next week. 541 00:22:11,840 --> 00:22:13,840 Speaker 1: Mutual exchange of ideas, that's what it's all about. Here 542 00:22:13,840 --> 00:22:15,720 Speaker 1: on the fifty five KRC Morning Show eight thirty five. 543 00:22:15,840 --> 00:22:18,160 Speaker 1: Right now the veterans American Vetdom, we're going to help 544 00:22:18,200 --> 00:22:20,879 Speaker 1: him out. KRS Care segment with Chris Kluk from the 545 00:22:20,880 --> 00:22:23,560 Speaker 1: Cincinniva got some important information to pass along. I hope 546 00:22:23,560 --> 00:22:24,399 Speaker 1: you can stick around. 547 00:22:25,000 --> 00:22:28,320 Speaker 3: This is fifty five KARC, an iHeartRadio station.