1 00:00:00,520 --> 00:00:04,680 Speaker 1: He's night Side with Dan Ray on WBSY cost in 2 00:00:04,800 --> 00:00:05,520 Speaker 1: his new radio. 3 00:00:06,040 --> 00:00:08,240 Speaker 2: Let me just take a very quick minute to remind 4 00:00:08,280 --> 00:00:11,240 Speaker 2: all of you that the Night Side Andrew, the thirteenth 5 00:00:11,280 --> 00:00:15,120 Speaker 2: annual Nightside Charity Combine, is coming up on Tuesday night, 6 00:00:15,480 --> 00:00:19,000 Speaker 2: December twenty third. And if you either are an officer, 7 00:00:19,120 --> 00:00:21,480 Speaker 2: run a charity, whether it's a big charity or a 8 00:00:21,520 --> 00:00:24,360 Speaker 2: small charity, as long as it's a legitimate charity, we 9 00:00:24,400 --> 00:00:27,640 Speaker 2: don't need Uncle Harry's beer fund. All we want is charities. 10 00:00:27,840 --> 00:00:31,160 Speaker 2: We highlight about twenty great charities. We've done it now 11 00:00:31,200 --> 00:00:33,680 Speaker 2: for twelve years. This will be year number thirteen. All 12 00:00:33,720 --> 00:00:35,879 Speaker 2: you have to do is send me an email at 13 00:00:35,960 --> 00:00:39,240 Speaker 2: Dan Ray at iHeartMedia dot com. And if you can't 14 00:00:39,360 --> 00:00:42,280 Speaker 2: do that, you can try to reach me by phone, 15 00:00:42,320 --> 00:00:45,839 Speaker 2: but get to me directly the name, your name, and 16 00:00:45,880 --> 00:00:48,000 Speaker 2: a phone number. I'll get back to you. We'll let 17 00:00:48,040 --> 00:00:49,479 Speaker 2: you know when you're going to be with us, and 18 00:00:49,520 --> 00:00:52,440 Speaker 2: we will do an interview with you in our last 19 00:00:52,440 --> 00:00:56,200 Speaker 2: two hours of the broadcast here on Tuesday night, December 20 00:00:56,400 --> 00:00:59,000 Speaker 2: twenty third, two nights before Christmas. And that's that's how 21 00:00:59,040 --> 00:01:01,480 Speaker 2: we will end the show this year. If you can't 22 00:01:01,880 --> 00:01:06,080 Speaker 2: remember Dan ray D a n Ria at iHeartMedia dot com. Well, 23 00:01:07,000 --> 00:01:10,160 Speaker 2: call Rob now and he'll tell that to you. We 24 00:01:10,200 --> 00:01:13,679 Speaker 2: are going to talk with someone who for many many 25 00:01:13,760 --> 00:01:19,120 Speaker 2: years you have known him as a financial advisor, Rick Edelman. 26 00:01:19,520 --> 00:01:22,360 Speaker 2: Rick Edelman, Welcome back to WBZ. It's sort of your 27 00:01:22,360 --> 00:01:23,199 Speaker 2: home in New England. 28 00:01:23,240 --> 00:01:26,399 Speaker 3: I think it really is. Dan, it's so exciting to 29 00:01:26,400 --> 00:01:28,600 Speaker 3: be back on the air with you. Thanks for having me. 30 00:01:28,880 --> 00:01:32,319 Speaker 2: Well, we wanted to have you on tonight so that 31 00:01:32,720 --> 00:01:36,640 Speaker 2: people could ask you some questions. You have actually released 32 00:01:36,680 --> 00:01:41,120 Speaker 2: a book yesterday. The publication date was yesterday, The Truth 33 00:01:41,280 --> 00:01:44,560 Speaker 2: about College, The Truth about College, and it is a 34 00:01:44,600 --> 00:01:48,640 Speaker 2: book that really is intended for not only people who 35 00:01:48,720 --> 00:01:52,320 Speaker 2: are in the process of applying to college, but also 36 00:01:52,520 --> 00:01:57,760 Speaker 2: for the parents of people who are applying to college. 37 00:01:58,040 --> 00:02:01,280 Speaker 2: What prompted you to write this book? I think of 38 00:02:01,320 --> 00:02:05,080 Speaker 2: you as a financial advisor. I probably forever will from 39 00:02:05,120 --> 00:02:09,079 Speaker 2: listening to those many many mornings over many many years. 40 00:02:09,520 --> 00:02:12,600 Speaker 2: You know your program on WBZ. 41 00:02:13,080 --> 00:02:16,720 Speaker 3: Well, yeah, it was so much fun doing doing the 42 00:02:16,760 --> 00:02:20,480 Speaker 3: Rick Edelman Show on WVZ for oh goodness gracious, a 43 00:02:20,480 --> 00:02:23,600 Speaker 3: couple of decades, I think, And you're right, I'm a 44 00:02:23,600 --> 00:02:26,639 Speaker 3: financial advisor by training and by background and built the 45 00:02:26,720 --> 00:02:29,120 Speaker 3: largest financial planning firm in the nation, and we have 46 00:02:29,560 --> 00:02:33,320 Speaker 3: still lots of offices throughout the Boston area and serving 47 00:02:33,360 --> 00:02:36,520 Speaker 3: so many wonderful folks and helping them achieve financial success 48 00:02:36,520 --> 00:02:38,480 Speaker 3: and future financial security. 49 00:02:38,560 --> 00:02:41,720 Speaker 4: And what is funny is that people, a lot. 50 00:02:41,600 --> 00:02:44,560 Speaker 3: Of folks say, why would I write a book about college? 51 00:02:44,600 --> 00:02:48,240 Speaker 3: What's that got to do with anything? And what's funny 52 00:02:48,320 --> 00:02:50,360 Speaker 3: is that when my wife Jane and I started our 53 00:02:50,440 --> 00:02:54,960 Speaker 3: financial planning practice, Wadeack in nineteen eighty six, we began 54 00:02:55,560 --> 00:02:57,080 Speaker 3: with college planning seminars. 55 00:02:57,520 --> 00:02:58,760 Speaker 4: We always had. 56 00:02:58,600 --> 00:03:02,519 Speaker 3: The attitude that college is one of the biggest worries 57 00:03:02,720 --> 00:03:06,080 Speaker 3: that parents have. We all know that we're struggling to 58 00:03:06,120 --> 00:03:10,480 Speaker 3: get our children up and growing up and off to 59 00:03:10,520 --> 00:03:13,240 Speaker 3: a good start in life. College is the path that 60 00:03:13,280 --> 00:03:15,040 Speaker 3: has been clearly identified. 61 00:03:15,320 --> 00:03:16,200 Speaker 4: But we know how. 62 00:03:16,080 --> 00:03:19,560 Speaker 3: Incredibly expensive college is, we know the struggles and challenges 63 00:03:19,639 --> 00:03:23,160 Speaker 3: teens have with college, and so it's understandably a very 64 00:03:23,200 --> 00:03:27,400 Speaker 3: big worry. And there aren't a lot of guides available. 65 00:03:27,440 --> 00:03:29,040 Speaker 3: I mean that there are a lot of books out 66 00:03:29,040 --> 00:03:32,680 Speaker 3: there that talk about how to prepare for the SAT 67 00:03:33,480 --> 00:03:37,880 Speaker 3: and how to get yourself admitted into college, but nobody 68 00:03:37,880 --> 00:03:40,960 Speaker 3: deals with the most fundamental of all questions, should your 69 00:03:41,080 --> 00:03:44,840 Speaker 3: team actually go to college? Is college the right path 70 00:03:45,560 --> 00:03:48,720 Speaker 3: right now, right out of high school? And if it is, 71 00:03:49,600 --> 00:03:52,400 Speaker 3: which college should they pick? What major should they pick? 72 00:03:53,000 --> 00:03:57,680 Speaker 3: So that college is indeed a successful outcome as opposed 73 00:03:57,720 --> 00:04:01,240 Speaker 3: to frankly setting up your child Rillain And that was 74 00:04:01,280 --> 00:04:03,560 Speaker 3: why I wrote the book The Truth About College, to 75 00:04:03,600 --> 00:04:07,080 Speaker 3: help guide parents and their teams with one of the 76 00:04:07,160 --> 00:04:09,720 Speaker 3: most important decisions of the teenager's life. 77 00:04:10,560 --> 00:04:13,120 Speaker 2: No question about that. I can remember when my kids, 78 00:04:13,200 --> 00:04:18,800 Speaker 2: when you were starting your career. Our children were born 79 00:04:18,839 --> 00:04:21,240 Speaker 2: in nineteen eighty seven and nineteen ninety one, and I 80 00:04:21,240 --> 00:04:25,120 Speaker 2: remember setting up five twenty nine as typical parents that 81 00:04:25,279 --> 00:04:28,839 Speaker 2: was going to pay for their of course, by time. 82 00:04:29,440 --> 00:04:31,520 Speaker 2: The one thing you used to talk as a financial 83 00:04:31,560 --> 00:04:36,560 Speaker 2: planner about, the inflation of colleges from the nineteen seventies 84 00:04:36,760 --> 00:04:41,480 Speaker 2: and certainly in the nineteen eighties through the year twenty 85 00:04:41,560 --> 00:04:49,239 Speaker 2: twenty has been just exponential and it just never slowed down. 86 00:04:49,400 --> 00:04:54,760 Speaker 2: So now colleges can take a huge bite out of 87 00:04:55,440 --> 00:04:58,919 Speaker 2: families income. There were a lot of the colleges like 88 00:04:59,040 --> 00:05:04,000 Speaker 2: Harvard and Boston College who do have, you know, substantial 89 00:05:04,080 --> 00:05:10,800 Speaker 2: financial support. They have endowments, and they make college affordable 90 00:05:11,279 --> 00:05:13,679 Speaker 2: not only for people who are below a certain amount 91 00:05:13,720 --> 00:05:16,279 Speaker 2: of money, but even for people who theoretically are making 92 00:05:16,680 --> 00:05:20,040 Speaker 2: one hundred and fifty to two hundred thousand dollars. So 93 00:05:20,520 --> 00:05:25,480 Speaker 2: some of the elite colleges are being considerate of the finances. 94 00:05:26,120 --> 00:05:29,320 Speaker 2: But there's a lot of colleges around the country which 95 00:05:29,880 --> 00:05:32,400 Speaker 2: the scholarships are not as generous as they are at 96 00:05:32,400 --> 00:05:35,160 Speaker 2: some of the Ivy's and the Boston colleges of the world. 97 00:05:35,200 --> 00:05:38,599 Speaker 4: Why is that, Yeah, it's disproportionate. 98 00:05:38,720 --> 00:05:42,920 Speaker 3: As we know that the relatively small number of colleges 99 00:05:42,960 --> 00:05:46,479 Speaker 3: have outsized endowments, they can afford to be more generous 100 00:05:46,560 --> 00:05:50,240 Speaker 3: their student body in terms of grants and scholarships, but 101 00:05:50,320 --> 00:05:53,559 Speaker 3: the vast majority of students never get any of those. 102 00:05:54,200 --> 00:05:57,680 Speaker 3: Less than fifteen percent of students get any grant or 103 00:05:57,720 --> 00:06:00,479 Speaker 3: scholarship at all, and the average that they get is 104 00:06:00,520 --> 00:06:02,960 Speaker 3: only a third of the cost of college. So you 105 00:06:03,040 --> 00:06:06,279 Speaker 3: can't assume that that's how your child will pay for school. 106 00:06:06,680 --> 00:06:09,120 Speaker 3: And I want to be really really clear here about this, Dan, 107 00:06:09,920 --> 00:06:13,080 Speaker 3: to avoid any misconception. I am not negative on college. 108 00:06:13,120 --> 00:06:17,360 Speaker 3: I'm extraordinarily favorable to college. We know that those who 109 00:06:17,400 --> 00:06:21,520 Speaker 3: graduate with a college degree are at the top of 110 00:06:21,600 --> 00:06:25,640 Speaker 3: our nation's social structure. Of all the US households in 111 00:06:25,720 --> 00:06:28,680 Speaker 3: this country that are earning more than two hundred thousand 112 00:06:28,720 --> 00:06:32,320 Speaker 3: dollars a year, ninety four percent of them are. 113 00:06:32,200 --> 00:06:33,640 Speaker 4: Headed by a college graduate. 114 00:06:34,160 --> 00:06:38,039 Speaker 3: College graduates earn nearly a million dollars more over their 115 00:06:38,120 --> 00:06:43,120 Speaker 3: careers on average than non grads. College graduates are half 116 00:06:43,160 --> 00:06:46,279 Speaker 3: as likely to divorce compared to people who only have 117 00:06:46,279 --> 00:06:50,080 Speaker 3: a high school diploma. College grads, they're healthier than non grads. 118 00:06:50,279 --> 00:06:53,760 Speaker 3: They live longer, too. College graduates live seven years longer 119 00:06:54,000 --> 00:06:56,839 Speaker 3: than people who never went to college. So all of 120 00:06:56,880 --> 00:07:00,280 Speaker 3: these are incredibly important reasons why you will want to 121 00:07:00,320 --> 00:07:03,599 Speaker 3: be seriously considering college for your team. 122 00:07:03,800 --> 00:07:05,240 Speaker 4: But there's a flip side. 123 00:07:04,960 --> 00:07:07,560 Speaker 3: To this, and you've really hit on a couple of 124 00:07:07,560 --> 00:07:11,480 Speaker 3: those points. Because of the incredible cost of attending college 125 00:07:11,480 --> 00:07:16,720 Speaker 3: today compared to twenty or forty years ago, today, twenty 126 00:07:16,760 --> 00:07:21,280 Speaker 3: four percent of college freshmen drop out, only sixty two 127 00:07:21,320 --> 00:07:26,040 Speaker 3: percent graduate after six years, and ten years after graduating, 128 00:07:26,400 --> 00:07:29,240 Speaker 3: only half of grads are in jobs that needed a 129 00:07:29,280 --> 00:07:32,720 Speaker 3: degree in the first place, and twenty years later, almost 130 00:07:32,760 --> 00:07:35,000 Speaker 3: half of student loan borrowers are still trying to pay 131 00:07:35,000 --> 00:07:38,800 Speaker 3: off their debts. So clearly there's something wrong here going on. 132 00:07:38,960 --> 00:07:42,120 Speaker 3: We have too many students who are entering college with 133 00:07:42,320 --> 00:07:45,239 Speaker 3: all the hopes and aspirations we all have for them, 134 00:07:45,640 --> 00:07:49,880 Speaker 3: but they're failing to realize the benefits that a college 135 00:07:49,920 --> 00:07:53,680 Speaker 3: degree can provide because they're dropping out. They're struggling with 136 00:07:53,720 --> 00:07:56,520 Speaker 3: student loan debt. The average student walks out of college 137 00:07:56,520 --> 00:07:59,960 Speaker 3: with forty one thousand dollars of debt. In fact, five 138 00:08:00,000 --> 00:08:03,200 Speaker 3: five percent of all the loans that Americans hold for 139 00:08:03,280 --> 00:08:06,440 Speaker 3: student debt are held by people fifty years and older. 140 00:08:07,280 --> 00:08:10,400 Speaker 3: Americans over sixty oh one hundred and twenty five billion 141 00:08:10,440 --> 00:08:14,280 Speaker 3: dollars in student loan debt. So there's clearly something wrong 142 00:08:14,480 --> 00:08:17,679 Speaker 3: here with the way people are handling the college question. 143 00:08:18,040 --> 00:08:19,960 Speaker 3: And that's what I address in my book The Truth 144 00:08:20,000 --> 00:08:23,840 Speaker 3: about College, helping parents and teens figure this out together. 145 00:08:24,440 --> 00:08:27,600 Speaker 3: Is college right? Is it right right now? And how 146 00:08:27,600 --> 00:08:30,520 Speaker 3: do we go through this path and this journey so 147 00:08:30,600 --> 00:08:33,160 Speaker 3: that we're more likely than not that the outcome will 148 00:08:33,160 --> 00:08:35,440 Speaker 3: be favorable and beneficial for the student? 149 00:08:35,760 --> 00:08:38,640 Speaker 2: And I should mention the subtitle of the Truth about 150 00:08:38,679 --> 00:08:42,720 Speaker 2: College by Rick Edelman is the is simply the essential 151 00:08:43,360 --> 00:08:46,840 Speaker 2: emphasis on the word Essential College Guide for both parents 152 00:08:46,880 --> 00:08:49,360 Speaker 2: and teens. Rick, We're going to take a quick commercial 153 00:08:49,400 --> 00:08:52,640 Speaker 2: break here. I will invite callers to call and ask 154 00:08:52,760 --> 00:08:55,280 Speaker 2: questions six one, seven, two, five, four, ten thirty or 155 00:08:55,320 --> 00:08:59,720 Speaker 2: six one, seven, nine, three, one ten thirty. You have 156 00:09:00,160 --> 00:09:03,080 Speaker 2: so much information here. I'm tempted to say I don't 157 00:09:03,080 --> 00:09:05,280 Speaker 2: know where to start, but I do know where to start, 158 00:09:05,520 --> 00:09:09,560 Speaker 2: and we'll talk about some of the misconceptions that perhaps 159 00:09:09,679 --> 00:09:14,640 Speaker 2: parents are dealing with and teenagers are dealing with. I 160 00:09:14,720 --> 00:09:16,960 Speaker 2: want to find out from you if you feel, amongst 161 00:09:17,040 --> 00:09:22,079 Speaker 2: other things, that the academic advisors at high schools across 162 00:09:22,080 --> 00:09:25,760 Speaker 2: the country are doing a good job helping to channel 163 00:09:25,840 --> 00:09:31,760 Speaker 2: kids and their young teenagers and their collegiate expectations. And 164 00:09:31,800 --> 00:09:34,520 Speaker 2: there's so much to talk about. We will continue our 165 00:09:34,520 --> 00:09:37,640 Speaker 2: conversation with Rick Edelman The Truth about College, The Essential 166 00:09:37,640 --> 00:09:41,720 Speaker 2: College Guide for Both Parents and Teens. Enormous a financial advisor, 167 00:09:41,840 --> 00:09:44,840 Speaker 2: but this book will show you a different side. Certainly, 168 00:09:44,840 --> 00:09:49,560 Speaker 2: they're off financial considerations when you're talking about sending one 169 00:09:49,679 --> 00:09:52,640 Speaker 2: or more children off to college. Back on Night's Side 170 00:09:52,920 --> 00:09:54,800 Speaker 2: right after this quick commercial break. 171 00:09:55,800 --> 00:10:00,760 Speaker 1: It's Night Side with Dan Ray on Boston's new radio. 172 00:10:02,080 --> 00:10:04,960 Speaker 2: My guest is ric Edelman, The Truth about College. This 173 00:10:05,040 --> 00:10:10,400 Speaker 2: book is out yesterday, The Essential College Guide for both 174 00:10:10,480 --> 00:10:17,120 Speaker 2: parents and teens. Rick from your experience, and you're looking 175 00:10:17,120 --> 00:10:22,360 Speaker 2: at these questions, how important are guidance counselors in regular 176 00:10:22,520 --> 00:10:26,720 Speaker 2: public high schools to not only the students, some of 177 00:10:26,760 --> 00:10:29,360 Speaker 2: whom want to go to college, into their parents. 178 00:10:31,559 --> 00:10:36,000 Speaker 3: They're extraordinarily important and fundamental. And that's both good and bad. 179 00:10:36,240 --> 00:10:39,280 Speaker 3: It's good because they really have their fingers on the 180 00:10:39,320 --> 00:10:44,360 Speaker 3: pulse of education career, and theoretically you would hope that 181 00:10:44,360 --> 00:10:48,320 Speaker 3: they know the students individually and can identify an effective 182 00:10:48,360 --> 00:10:52,040 Speaker 3: path to that student. But here's the negative side effect 183 00:10:52,040 --> 00:10:54,880 Speaker 3: that we all need to be aware of. In many 184 00:10:54,960 --> 00:11:00,280 Speaker 3: school systems, guidance counselors are evaluated on the number of 185 00:11:00,360 --> 00:11:04,120 Speaker 3: seniors who go to college upon graduation from high school, 186 00:11:04,160 --> 00:11:08,880 Speaker 3: which gives those guidance counselors a motivation and incentive to 187 00:11:09,280 --> 00:11:12,520 Speaker 3: push college as the path, and a lot of parents 188 00:11:12,559 --> 00:11:14,920 Speaker 3: do the same thing. Their attitude is to their children, 189 00:11:15,000 --> 00:11:18,000 Speaker 3: you need to go to college. That's the default choice 190 00:11:18,000 --> 00:11:23,480 Speaker 3: in America. I've seen many guidance counselors hand out pamphlets 191 00:11:23,840 --> 00:11:28,520 Speaker 3: too high school juniors and seniors talking about life after 192 00:11:28,720 --> 00:11:32,239 Speaker 3: high school, and the only option discussed in those pamphlets 193 00:11:32,520 --> 00:11:38,320 Speaker 3: is college. No discussion of apprenticeship or military service, or 194 00:11:38,520 --> 00:11:42,320 Speaker 3: vocational school, or frankly, even a gap year or two, 195 00:11:42,760 --> 00:11:47,520 Speaker 3: allowing the child to learn about the world, learn about themselves, travel, 196 00:11:47,559 --> 00:11:51,920 Speaker 3: get some experience, develop some maturity before making this incredible 197 00:11:51,920 --> 00:11:55,400 Speaker 3: commitment of six years and a quarter of a million dollars. 198 00:11:55,960 --> 00:12:02,000 Speaker 3: When this explains why presidents love to that more people 199 00:12:02,040 --> 00:12:05,559 Speaker 3: went to college and their tenure than their predecessors. They 200 00:12:05,559 --> 00:12:07,680 Speaker 3: say the same thing about homeownership. This is how they 201 00:12:07,760 --> 00:12:11,319 Speaker 3: judge and evaluate their success. So high school principals and 202 00:12:11,360 --> 00:12:15,240 Speaker 3: high school guidance counselors, parents themselves all are aimed at this. 203 00:12:15,360 --> 00:12:17,200 Speaker 3: I mean parents want to brag to their friends that 204 00:12:17,240 --> 00:12:20,240 Speaker 3: their kids got accepted to some big deal school. Even 205 00:12:20,280 --> 00:12:23,120 Speaker 3: the high school seniors themselves do it. They wear the 206 00:12:23,200 --> 00:12:26,040 Speaker 3: school colors when they finally get accepted somewhere and they're 207 00:12:26,080 --> 00:12:28,680 Speaker 3: bragging them to their friends in the hallway. So what 208 00:12:28,800 --> 00:12:31,280 Speaker 3: high school senior wants to say to everybody, Oh, I've 209 00:12:31,360 --> 00:12:33,760 Speaker 3: chosen not to go or I've chosen to go to 210 00:12:33,800 --> 00:12:36,559 Speaker 3: a low cost community college. For the first two years. 211 00:12:36,800 --> 00:12:38,959 Speaker 3: There's a huge amount of social pressure because of the 212 00:12:38,960 --> 00:12:42,960 Speaker 3: way things are designed, and sometimes high school guidance counselors 213 00:12:43,000 --> 00:12:46,720 Speaker 3: fall into that trap where they only talk about college 214 00:12:46,920 --> 00:12:50,400 Speaker 3: to the seniors in high school as opposed to talking 215 00:12:50,440 --> 00:12:52,720 Speaker 3: more broadly about other options that are available. 216 00:12:53,240 --> 00:12:56,080 Speaker 2: So there's a stigma. There still is a stigma for 217 00:12:56,160 --> 00:12:59,320 Speaker 2: those students who may not feel drawn to college. By 218 00:12:59,360 --> 00:13:02,479 Speaker 2: the way, when you tell about a gap year, Bill Fitzimmons, 219 00:13:02,480 --> 00:13:06,240 Speaker 2: a long time dean of admissions at Harvard University, is 220 00:13:06,280 --> 00:13:12,720 Speaker 2: a huge I've had Bill Fitzsimmons along with other deans 221 00:13:12,720 --> 00:13:15,760 Speaker 2: of admission on we do a college admission show every year, 222 00:13:15,960 --> 00:13:19,920 Speaker 2: and Bill Fitzsimmons believes that it is a strength for 223 00:13:20,000 --> 00:13:23,880 Speaker 2: students to take a year off between college and do something, 224 00:13:24,760 --> 00:13:29,080 Speaker 2: whether it's something that they've always wanted to do or 225 00:13:29,160 --> 00:13:34,320 Speaker 2: something rather mundane, but it would give them a taste 226 00:13:34,760 --> 00:13:38,600 Speaker 2: and maybe prepare them for college a little better. You 227 00:13:38,760 --> 00:13:44,440 Speaker 2: talk in this book about some facts that surprised you. 228 00:13:44,440 --> 00:13:47,840 Speaker 2: You're a pretty smart guy. The one of the facts 229 00:13:47,840 --> 00:13:53,160 Speaker 2: that surprised me was the percentage of college freshmen who 230 00:13:53,200 --> 00:13:55,280 Speaker 2: do not have a major when they go to college, 231 00:13:55,280 --> 00:13:56,880 Speaker 2: and it was the going to college and they don't 232 00:13:56,920 --> 00:13:59,200 Speaker 2: really know what they want to do, which is kind 233 00:13:59,200 --> 00:14:03,560 Speaker 2: of what I to be honest with you, They are 234 00:14:03,679 --> 00:14:06,920 Speaker 2: only what twenty five percent who actually think they know 235 00:14:06,960 --> 00:14:09,600 Speaker 2: what they want to do and therefore what major they 236 00:14:09,640 --> 00:14:12,800 Speaker 2: want to have during the four years in college that 237 00:14:12,840 --> 00:14:14,959 Speaker 2: didn't use You don't think that's a bad thing. 238 00:14:16,480 --> 00:14:20,560 Speaker 3: It's actually worse than that. Eighty percent of incoming freshmen 239 00:14:21,080 --> 00:14:24,440 Speaker 3: are undeclared. They have no idea what they want to study. 240 00:14:24,640 --> 00:14:26,640 Speaker 3: And this is reflective of the fact that some of 241 00:14:26,680 --> 00:14:28,480 Speaker 3: them are just kind of either going with the flow 242 00:14:28,840 --> 00:14:31,040 Speaker 3: or they're following the lead of their parents or their 243 00:14:31,040 --> 00:14:34,840 Speaker 3: guidance counselors that are simply saying, go to college, figure 244 00:14:34,880 --> 00:14:38,120 Speaker 3: it out. And the problem with that, and this helps 245 00:14:38,160 --> 00:14:41,200 Speaker 3: explain why twenty four percent of those freshmen drop out 246 00:14:41,680 --> 00:14:44,560 Speaker 3: in their freshman year, is because they are so aimless. 247 00:14:44,600 --> 00:14:46,120 Speaker 3: They don't know if they want to be in college. 248 00:14:46,160 --> 00:14:48,040 Speaker 3: They don't know what they want to do, but they 249 00:14:48,120 --> 00:14:50,800 Speaker 3: end up choosing to go to school partly because everybody 250 00:14:50,880 --> 00:14:53,920 Speaker 3: expects them to. They don't have an alternative choice in 251 00:14:54,040 --> 00:14:56,960 Speaker 3: mind as an alternative, and the result is if they 252 00:14:57,040 --> 00:15:01,960 Speaker 3: spend thirty or fifty or eighty foul dollars and then 253 00:15:02,200 --> 00:15:04,880 Speaker 3: end up quitting, and yet they still owe the student 254 00:15:04,920 --> 00:15:07,520 Speaker 3: loan that they accumulated, or if their parents had put 255 00:15:07,560 --> 00:15:10,960 Speaker 3: the bill for that, that money is gone, and talk 256 00:15:11,000 --> 00:15:15,000 Speaker 3: about a terrible investment. It doesn't contribute to the child's future. 257 00:15:15,200 --> 00:15:18,680 Speaker 3: It didn't really teach them anything. It really served no 258 00:15:18,800 --> 00:15:21,920 Speaker 3: useful purpose, which helps to argue that if your child 259 00:15:22,240 --> 00:15:25,360 Speaker 3: in high school really doesn't know what they want to. 260 00:15:25,280 --> 00:15:26,200 Speaker 4: Study, and some do. 261 00:15:26,440 --> 00:15:27,600 Speaker 3: I want to be a doctor, I want to be 262 00:15:27,640 --> 00:15:30,360 Speaker 3: a lawyer, want to be a teacher. If your child 263 00:15:30,480 --> 00:15:33,360 Speaker 3: knows what they want, fabulous, great. But if they don't know, 264 00:15:33,400 --> 00:15:38,120 Speaker 3: if they have absolutely no clue, that's an indication that perhaps, maybe, 265 00:15:38,160 --> 00:15:42,160 Speaker 3: just perhaps they shouldn't automatically go to college immediately out 266 00:15:42,160 --> 00:15:42,760 Speaker 3: of high school. 267 00:15:43,360 --> 00:15:45,760 Speaker 2: When do you think parents should start to talk to 268 00:15:46,600 --> 00:15:52,720 Speaker 2: their children about college again? At what point do teenagers 269 00:15:52,880 --> 00:15:55,480 Speaker 2: or I guess kids in the seventh or eighth grade. 270 00:15:55,520 --> 00:15:58,840 Speaker 2: Is this sort of a conversation that you should say, Hey, 271 00:15:59,240 --> 00:16:02,280 Speaker 2: tomorrow night, we're going to schedule a little conversation about 272 00:16:02,480 --> 00:16:04,520 Speaker 2: what you're going to do after high school? Or does 273 00:16:04,520 --> 00:16:07,280 Speaker 2: it have to be sort of an ongoing conversation that 274 00:16:07,640 --> 00:16:09,040 Speaker 2: develops over years. 275 00:16:09,560 --> 00:16:12,760 Speaker 3: It should occur as soon as the child's in kindergarten. 276 00:16:13,040 --> 00:16:14,000 Speaker 3: Obviously you keep. 277 00:16:13,840 --> 00:16:15,440 Speaker 4: It really lightly. 278 00:16:16,200 --> 00:16:19,080 Speaker 3: Oh, just like you should talk with children about money 279 00:16:19,160 --> 00:16:21,800 Speaker 3: when they're in elementary school. I mean children are making 280 00:16:21,840 --> 00:16:26,040 Speaker 3: their first assistant purchases at age three. Children are engaged 281 00:16:26,040 --> 00:16:29,800 Speaker 3: in money conversations at very young ages. College is one 282 00:16:29,840 --> 00:16:32,680 Speaker 3: of the biggest money conversation there is. We're always asking 283 00:16:32,720 --> 00:16:34,080 Speaker 3: five year olds, what do you want to be when 284 00:16:34,120 --> 00:16:36,720 Speaker 3: you grow up? That is an implication of college and 285 00:16:36,760 --> 00:16:40,640 Speaker 3: career paths. So we should be having these conversations nice 286 00:16:40,680 --> 00:16:46,840 Speaker 3: and light and friendly and fun and empirical and aspirational 287 00:16:46,880 --> 00:16:49,320 Speaker 3: when they're in grade school. But by the time they're 288 00:16:49,520 --> 00:16:52,240 Speaker 3: a freshman in high school, a conversations ought to get 289 00:16:52,240 --> 00:16:54,440 Speaker 3: a little more serious, a little more tactical, a little 290 00:16:54,480 --> 00:16:55,239 Speaker 3: more practical. 291 00:16:55,560 --> 00:16:56,400 Speaker 4: And that's why in. 292 00:16:56,400 --> 00:16:59,880 Speaker 3: My book The Truth about College and even though if 293 00:16:59,920 --> 00:17:03,520 Speaker 3: you yesterday, it already hit number one at Amazon today, 294 00:17:03,560 --> 00:17:06,960 Speaker 3: so we're really excited about the very early enthusiasm for 295 00:17:07,000 --> 00:17:09,160 Speaker 3: the book. In the book, I have in the back 296 00:17:09,560 --> 00:17:12,800 Speaker 3: twenty conversation starters for parents and teens. 297 00:17:13,280 --> 00:17:15,440 Speaker 4: Because you're right, mom and dad. 298 00:17:15,280 --> 00:17:17,560 Speaker 3: Have to talk about this with their kids, but often 299 00:17:17,560 --> 00:17:20,160 Speaker 3: don't know how to begin the conversation. So I lay 300 00:17:20,200 --> 00:17:23,320 Speaker 3: out in the book the exact conversation starters to help 301 00:17:23,400 --> 00:17:27,400 Speaker 3: you begin those chit chats, which you can do slowly, 302 00:17:27,480 --> 00:17:30,800 Speaker 3: over time, over years, frankly, so that by the time 303 00:17:31,000 --> 00:17:33,160 Speaker 3: the child is a junior in. 304 00:17:33,160 --> 00:17:35,399 Speaker 4: High school, everybody's got a pretty. 305 00:17:35,119 --> 00:17:38,480 Speaker 3: Good sense of the child's frame of mind, their attitude, 306 00:17:38,880 --> 00:17:42,960 Speaker 3: their emotional state, and the parents have a chance to 307 00:17:43,040 --> 00:17:45,320 Speaker 3: weigh in with their points of view as well, so 308 00:17:45,400 --> 00:17:48,359 Speaker 3: that together they can make the decision that's best for 309 00:17:48,359 --> 00:17:48,840 Speaker 3: the student. 310 00:17:49,520 --> 00:17:53,560 Speaker 2: You know, when that junior year comes thought, all of 311 00:17:53,600 --> 00:17:55,560 Speaker 2: a sudden, that light which was at the end of 312 00:17:55,560 --> 00:17:58,120 Speaker 2: the tunnel it seemed and never going to get there 313 00:17:58,480 --> 00:18:03,320 Speaker 2: of just a few years previous. At that point everyone 314 00:18:03,440 --> 00:18:06,720 Speaker 2: knows it is now game time. And when we get back, 315 00:18:06,760 --> 00:18:09,400 Speaker 2: I want to talk about this is to campus what 316 00:18:09,480 --> 00:18:11,560 Speaker 2: you should be looking for, because I know you go 317 00:18:11,640 --> 00:18:14,199 Speaker 2: through a lot of this in the book. So the 318 00:18:14,400 --> 00:18:19,719 Speaker 2: kids can actually make teenagers can make a better informed 319 00:18:19,720 --> 00:18:24,080 Speaker 2: decision in conjunction with their parents about where they are 320 00:18:24,119 --> 00:18:27,879 Speaker 2: going to invest. Because in all honesty, Rick, it sounds 321 00:18:27,920 --> 00:18:30,840 Speaker 2: to me like you're looking at this really as an 322 00:18:30,920 --> 00:18:35,960 Speaker 2: investment when to invest and where to invest, and if 323 00:18:35,960 --> 00:18:39,400 Speaker 2: I'm wrong, to explain to me why and if I'm right, 324 00:18:40,080 --> 00:18:42,320 Speaker 2: we'll talk about that right after the news break. At 325 00:18:42,320 --> 00:18:44,200 Speaker 2: the bottom of the ar My guest is Rick Edelman. 326 00:18:44,720 --> 00:18:47,960 Speaker 2: You know him as a financial planner for two decades 327 00:18:48,000 --> 00:18:50,480 Speaker 2: on this radio station. He's written a new book, The 328 00:18:50,560 --> 00:18:54,200 Speaker 2: Truth About College, The Essential College Guide for both parents 329 00:18:54,240 --> 00:18:57,679 Speaker 2: and teens. How many books have you authored over the years, Rick, If. 330 00:18:57,520 --> 00:19:00,440 Speaker 3: I could ask, this is my fourteen book? 331 00:19:00,640 --> 00:19:03,359 Speaker 2: Fourteenth book? Is this the first one that is a 332 00:19:03,920 --> 00:19:06,800 Speaker 2: even though I just made the point that there's financial 333 00:19:06,880 --> 00:19:10,240 Speaker 2: underpinnings to all the issues in this book, is this 334 00:19:10,320 --> 00:19:13,640 Speaker 2: the first one that really does step away from financial 335 00:19:13,920 --> 00:19:15,000 Speaker 2: issues per se. 336 00:19:15,760 --> 00:19:18,200 Speaker 3: I've talked about college and several of my other books 337 00:19:18,240 --> 00:19:21,639 Speaker 3: because it's such a major part of financial planning, but 338 00:19:21,840 --> 00:19:24,119 Speaker 3: having delve into it in the great extent that I 339 00:19:24,160 --> 00:19:26,200 Speaker 3: do here first. 340 00:19:26,119 --> 00:19:28,840 Speaker 2: The book The Truth About Calling is The Essential College 341 00:19:28,880 --> 00:19:31,080 Speaker 2: Guide for both parents and teens. My name's Dan Ray. 342 00:19:31,160 --> 00:19:34,600 Speaker 2: This is Nightside. It's an opportunity for ask you to 343 00:19:34,640 --> 00:19:38,760 Speaker 2: ask Rick Edelman a question. Many of you right now 344 00:19:38,960 --> 00:19:46,440 Speaker 2: are either filing your applications, particularly if you're a late senior. 345 00:19:46,640 --> 00:19:50,120 Speaker 2: Some of you are waiting to be notified. So this 346 00:19:50,200 --> 00:19:52,800 Speaker 2: is an important issue, and this is an opportunity for 347 00:19:52,920 --> 00:19:55,400 Speaker 2: you to pick up the phone and give us a call. 348 00:19:55,440 --> 00:19:58,080 Speaker 2: Six one, seven, two, five, four ten thirty six one 349 00:19:58,200 --> 00:20:00,439 Speaker 2: seven nine three one ten thirty one. My name is 350 00:20:00,480 --> 00:20:04,119 Speaker 2: Dan Ray. Rick Edelman is alongside, not alongside, he's another 351 00:20:04,160 --> 00:20:07,440 Speaker 2: part of the country. We do this all remotely, and 352 00:20:07,640 --> 00:20:10,320 Speaker 2: you're remote as well. So join the conversation. Coming back 353 00:20:10,600 --> 00:20:12,680 Speaker 2: on Nightside right after the news at the bottom of 354 00:20:12,720 --> 00:20:13,280 Speaker 2: the hour. 355 00:20:16,280 --> 00:20:21,439 Speaker 1: Night Side with Dan Ray on WBZ, Boston's news radio. 356 00:20:22,000 --> 00:20:24,600 Speaker 2: My guess is Rick Edelman the Truth about College, the 357 00:20:24,680 --> 00:20:28,360 Speaker 2: essential college guide to both parents and teens. And if 358 00:20:28,359 --> 00:20:30,840 Speaker 2: the voice of Rick Edelman sounds familiar, you heard him 359 00:20:30,880 --> 00:20:36,080 Speaker 2: for twenty years here on weekends talking about finances and 360 00:20:36,320 --> 00:20:39,240 Speaker 2: how to handle your money and a big part of 361 00:20:39,600 --> 00:20:43,080 Speaker 2: decisions about going to college, because college is other than 362 00:20:43,119 --> 00:20:45,480 Speaker 2: I guess a purchase of a home, one of the 363 00:20:45,520 --> 00:20:48,280 Speaker 2: biggest investments you're going to make on behalf of your children. 364 00:20:48,560 --> 00:20:51,080 Speaker 2: So Rick, let me run a few practical questions by you. 365 00:20:51,480 --> 00:20:54,200 Speaker 2: I'm assuming that people are out there listening, and maybe 366 00:20:54,200 --> 00:20:59,160 Speaker 2: they're afraid to call because you really understand this topic, 367 00:20:59,240 --> 00:21:01,520 Speaker 2: and I want to invite them. As I learned in 368 00:21:01,600 --> 00:21:04,960 Speaker 2: law school, the only dumb question, folks, is the one 369 00:21:04,960 --> 00:21:08,360 Speaker 2: you're too afraid to ask. So don't be dumb. Give 370 00:21:08,440 --> 00:21:10,359 Speaker 2: us a call. Six one, seven, two, five, four ten 371 00:21:10,480 --> 00:21:14,399 Speaker 2: thirty six one seven, nine three ten thirty. Okay, Look, 372 00:21:15,200 --> 00:21:19,679 Speaker 2: we have parents, both of whom went to the same school, 373 00:21:19,680 --> 00:21:24,919 Speaker 2: whether or not it's Dartmouth or Ohio State University or 374 00:21:24,960 --> 00:21:27,000 Speaker 2: the University of Oregon. You know, if they went to 375 00:21:27,000 --> 00:21:29,600 Speaker 2: the University of Oregon, I'm sure they've had ducks in 376 00:21:29,640 --> 00:21:31,600 Speaker 2: the house for their entire life. And they bought all 377 00:21:31,640 --> 00:21:34,480 Speaker 2: those those green and orange sweaters for the kids. They 378 00:21:34,920 --> 00:21:36,960 Speaker 2: they the parents want you to go to the school 379 00:21:37,000 --> 00:21:39,199 Speaker 2: they went to. Kids might rebell on that. I'm not 380 00:21:39,240 --> 00:21:42,399 Speaker 2: talking about those parents. What about the parents maybe went 381 00:21:42,480 --> 00:21:45,000 Speaker 2: to college, maybe didn't go to college, maybe did a 382 00:21:45,000 --> 00:21:48,720 Speaker 2: couple of years in college. They haven't been through this 383 00:21:48,880 --> 00:21:55,240 Speaker 2: in a while. What is the biggest I guess roadblock 384 00:21:55,480 --> 00:21:58,680 Speaker 2: mental A lot of it. I assume our parents saying 385 00:22:00,240 --> 00:22:02,479 Speaker 2: we'll talk about that next week, we'll get to it 386 00:22:02,920 --> 00:22:07,639 Speaker 2: after the holidays. This is stuff that is easily put off. 387 00:22:09,240 --> 00:22:13,160 Speaker 2: How do parents who are not college centric because that's 388 00:22:13,200 --> 00:22:16,159 Speaker 2: who I really want to talk to tonight. And they have 389 00:22:16,480 --> 00:22:19,840 Speaker 2: their kids. How do they get into this. Is it 390 00:22:20,240 --> 00:22:23,240 Speaker 2: an early meeting with a guidance counselor is it a 391 00:22:23,280 --> 00:22:26,200 Speaker 2: trip to a local college and toury campus, take the 392 00:22:26,280 --> 00:22:28,440 Speaker 2: kids to a college football game. How do you get 393 00:22:28,480 --> 00:22:30,000 Speaker 2: the kid thinking about this? 394 00:22:31,880 --> 00:22:35,359 Speaker 3: Do you start by talking about their future and their aspirations. 395 00:22:35,359 --> 00:22:39,080 Speaker 3: I mean, kids are aware of the world today to 396 00:22:39,119 --> 00:22:40,800 Speaker 3: a better degree than any of us were in the 397 00:22:40,840 --> 00:22:44,679 Speaker 3: past because of social media and global news. So they 398 00:22:44,720 --> 00:22:46,960 Speaker 3: are aware of what's happening in the world. Some have 399 00:22:47,400 --> 00:22:51,600 Speaker 3: excited opportunities in mind that they want to engage in 400 00:22:51,800 --> 00:22:56,879 Speaker 3: and conquer, whether it's technology, or it's something in the 401 00:22:56,880 --> 00:22:59,880 Speaker 3: field of business, or On the other hand, some see 402 00:23:00,000 --> 00:23:02,440 Speaker 3: the problems that we have in this world, which are 403 00:23:02,480 --> 00:23:05,800 Speaker 3: pretty massive, and they want to try to tackle those 404 00:23:05,840 --> 00:23:10,640 Speaker 3: problems and solve the issues that so many people are facing, 405 00:23:10,640 --> 00:23:15,040 Speaker 3: whether it's economic or it is discrimination, or it's a 406 00:23:15,119 --> 00:23:18,360 Speaker 3: lack of healthcare, or its environment or climate, I mean, 407 00:23:18,440 --> 00:23:21,640 Speaker 3: whatever it is that anybody has as their concerns. 408 00:23:21,960 --> 00:23:24,639 Speaker 4: So that's where you begin with the child. Is begin 409 00:23:24,680 --> 00:23:27,080 Speaker 4: with a very simple question what interests you? 410 00:23:28,200 --> 00:23:31,840 Speaker 3: And let's take a look at those areas and see 411 00:23:32,240 --> 00:23:36,400 Speaker 3: where there might be career opportunities. There might be college 412 00:23:36,440 --> 00:23:40,639 Speaker 3: classes that address those areas of interest, whether it's music 413 00:23:40,840 --> 00:23:47,640 Speaker 3: or art, or sociology or mathematics or biology or dance, 414 00:23:48,000 --> 00:23:51,000 Speaker 3: whatever it may happen to be. Let's see if there's 415 00:23:51,040 --> 00:23:55,320 Speaker 3: a career path associated with this that can produce an 416 00:23:55,400 --> 00:23:59,560 Speaker 3: income that makes the cost of getting that income, meaning 417 00:23:59,600 --> 00:24:04,240 Speaker 3: that you spend to go to college worthwhile. This could 418 00:24:04,280 --> 00:24:08,879 Speaker 3: help begin a journey that the parents and teens can 419 00:24:08,920 --> 00:24:13,240 Speaker 3: travel together throughout the teenagers' high school years so that 420 00:24:13,400 --> 00:24:17,040 Speaker 3: together they can determine if this is a legitimate path 421 00:24:17,080 --> 00:24:19,760 Speaker 3: worth pursuing or not. It's a great way to do. 422 00:24:19,760 --> 00:24:20,720 Speaker 4: It without. 423 00:24:22,440 --> 00:24:29,120 Speaker 3: Condemnation, without judgment, that allows the student to figure out 424 00:24:29,320 --> 00:24:32,080 Speaker 3: whether or not this is a legitimate idea or just 425 00:24:32,119 --> 00:24:32,760 Speaker 3: a pipe dream. 426 00:24:33,080 --> 00:24:34,760 Speaker 4: That's a really great place to start. 427 00:24:34,920 --> 00:24:35,560 Speaker 3: What do you want? 428 00:24:35,560 --> 00:24:36,320 Speaker 4: What interests you? 429 00:24:36,440 --> 00:24:36,919 Speaker 3: To start with? 430 00:24:36,920 --> 00:24:37,600 Speaker 4: That one question? 431 00:24:37,840 --> 00:24:41,159 Speaker 2: Okay, that's one area. The second question that I have is, 432 00:24:42,800 --> 00:24:45,439 Speaker 2: as I said, you will have the parents who know 433 00:24:45,560 --> 00:24:48,400 Speaker 2: that they went to Ohio State University. They want all 434 00:24:48,400 --> 00:24:52,120 Speaker 2: their kids to follow at Ohio State University. Those sort 435 00:24:52,160 --> 00:24:55,320 Speaker 2: of parents. But as a parent, who's just kind of 436 00:24:55,359 --> 00:24:58,160 Speaker 2: starting with an open mind. You have this thing called 437 00:24:58,200 --> 00:25:02,040 Speaker 2: the Common app which has allowed students to kind of 438 00:25:02,080 --> 00:25:05,959 Speaker 2: engage in what I call the college entrance Olympics. You 439 00:25:06,000 --> 00:25:09,960 Speaker 2: can apply now just as easily to twenty colleges as 440 00:25:10,000 --> 00:25:11,760 Speaker 2: in the old days you can apply to two or 441 00:25:11,800 --> 00:25:16,399 Speaker 2: three because because of the Common app, what's a reasonable 442 00:25:16,520 --> 00:25:22,160 Speaker 2: number of colleges that any teenage or any family can 443 00:25:22,320 --> 00:25:26,200 Speaker 2: actually look at and consider? They have to figure it out. 444 00:25:26,480 --> 00:25:30,600 Speaker 2: But what is the normal, an average number that an 445 00:25:30,640 --> 00:25:33,879 Speaker 2: average family should be thinking about. I mean, every family 446 00:25:33,920 --> 00:25:35,920 Speaker 2: doesn't have the ability to say, well, let's go look 447 00:25:35,960 --> 00:25:38,680 Speaker 2: at USC and we'll fly from Bostony, USC, and then 448 00:25:38,720 --> 00:25:40,440 Speaker 2: after that we want to go down to the University 449 00:25:40,440 --> 00:25:42,960 Speaker 2: of Miami, and then we want to go out to Seattle. 450 00:25:43,200 --> 00:25:46,639 Speaker 2: What's a reasonable number of colleges to apply to? 451 00:25:46,920 --> 00:25:49,159 Speaker 3: In your opaya, You're absolutely right, the cost of a 452 00:25:49,280 --> 00:25:52,119 Speaker 3: plot to college is gotten out of hand because you 453 00:25:52,200 --> 00:25:55,240 Speaker 3: spend hundreds of dollars with every application you're going to 454 00:25:55,320 --> 00:25:58,159 Speaker 3: involve travel to the school, to walk a campus and 455 00:25:58,240 --> 00:26:01,480 Speaker 3: have a tour. You're talking about thousands of dollars in 456 00:26:01,560 --> 00:26:04,560 Speaker 3: travel expenses associated with this. And this goes back to 457 00:26:04,600 --> 00:26:08,800 Speaker 3: the very beginning premise. If college is going to be 458 00:26:08,880 --> 00:26:12,120 Speaker 3: your choice, which, as I said, can be a great decision, 459 00:26:12,560 --> 00:26:15,399 Speaker 3: you now need to figure out how can you minimize 460 00:26:15,400 --> 00:26:18,920 Speaker 3: the expense. And one thing that parents and teens don't 461 00:26:18,960 --> 00:26:23,840 Speaker 3: give enough credence to is the travel cost associated with college. 462 00:26:24,040 --> 00:26:27,080 Speaker 3: If you choose a college thirty minutes from home, travel 463 00:26:27,080 --> 00:26:29,720 Speaker 3: cost is near zero. But if you choose a college 464 00:26:29,720 --> 00:26:33,800 Speaker 3: that's one thousand miles away, now you're talking airfare. Now 465 00:26:33,840 --> 00:26:38,200 Speaker 3: you're talking about massive additional expenses of tens of thousands 466 00:26:38,280 --> 00:26:40,800 Speaker 3: of dollars over the course of the college career for 467 00:26:40,840 --> 00:26:43,880 Speaker 3: the student to fly back and forth at least four 468 00:26:43,920 --> 00:26:46,520 Speaker 3: times a year, for parents to do the same thing 469 00:26:46,560 --> 00:26:49,639 Speaker 3: at least once a year. We're talking fifteen or twenty 470 00:26:49,680 --> 00:26:53,680 Speaker 3: grand and that is unreimbursable. That doesn't add to the 471 00:26:53,760 --> 00:26:56,359 Speaker 3: quality of the education. So I would begin with the 472 00:26:56,400 --> 00:26:57,879 Speaker 3: premise of saying, how. 473 00:26:57,840 --> 00:26:59,800 Speaker 4: Can we get the job done. 474 00:27:00,359 --> 00:27:05,520 Speaker 3: Minimal expense, And that could mean very clearly, choosing schools 475 00:27:05,720 --> 00:27:09,280 Speaker 3: that are within a driving distance of home. Keep it 476 00:27:09,320 --> 00:27:11,919 Speaker 3: to a two or three hour drive from home as 477 00:27:12,000 --> 00:27:15,800 Speaker 3: opposed to thousands of miles. That will help you reduce 478 00:27:16,000 --> 00:27:17,840 Speaker 3: the number of schools the child applies to in the 479 00:27:17,840 --> 00:27:20,280 Speaker 3: first place, which will save you even more money by 480 00:27:20,320 --> 00:27:21,639 Speaker 3: avoiding those expenses. 481 00:27:22,280 --> 00:27:26,200 Speaker 2: Let's get to some calls here, Warren in Fall River, Massachusetts. Warre, 482 00:27:26,200 --> 00:27:28,160 Speaker 2: and you were next on nice side with Rick Edelman. 483 00:27:28,200 --> 00:27:30,120 Speaker 2: Go ahead, Warren, what's your question. 484 00:27:29,960 --> 00:27:35,240 Speaker 5: Of co Yeah, yeah, I got I'm a vocational you know, 485 00:27:35,760 --> 00:27:39,760 Speaker 5: you know, like a trade school person I went to. 486 00:27:39,920 --> 00:27:42,639 Speaker 5: I went to high school, you know, you know, learning 487 00:27:42,680 --> 00:27:46,320 Speaker 5: the trades and all stuff like that. Do you think 488 00:27:46,400 --> 00:27:50,840 Speaker 5: the trade schools are actually a better bargain than the 489 00:27:51,040 --> 00:27:52,280 Speaker 5: colleges right now. 490 00:27:53,960 --> 00:27:56,880 Speaker 3: For an awful lot of kids, Yes, Warren. Then it's 491 00:27:56,920 --> 00:27:59,320 Speaker 3: one of the things in my book is that college 492 00:27:59,359 --> 00:28:04,600 Speaker 3: is no longer the only path to success. Affluency, satisfaction, 493 00:28:04,920 --> 00:28:05,719 Speaker 3: and fulfillment. 494 00:28:06,280 --> 00:28:06,760 Speaker 2: You have. 495 00:28:07,200 --> 00:28:13,280 Speaker 3: Apprenticeships and vocational education are two dominant potential courses of 496 00:28:13,320 --> 00:28:15,359 Speaker 3: action for high school graduates. 497 00:28:15,400 --> 00:28:15,600 Speaker 6: Now. 498 00:28:16,119 --> 00:28:20,720 Speaker 3: We now have sixty five percent more apprenticeship programs than 499 00:28:20,720 --> 00:28:24,640 Speaker 3: we did a decade ago. In these programs, students actually 500 00:28:24,680 --> 00:28:28,240 Speaker 3: get paid to get the training, and they're offered jobs 501 00:28:28,359 --> 00:28:32,080 Speaker 3: immediately upon completion, which doesn't take four or six years. 502 00:28:32,119 --> 00:28:34,119 Speaker 3: It only takes a year or two, depending on the 503 00:28:34,119 --> 00:28:36,359 Speaker 3: field that you go into. Where you come out with 504 00:28:36,800 --> 00:28:39,600 Speaker 3: a job paying one hundred thousand dollars or more. You 505 00:28:39,760 --> 00:28:43,920 Speaker 3: paid nothing to get the education. You're now earning six 506 00:28:44,000 --> 00:28:48,360 Speaker 3: figures upon completion, and you're starting in the workforce years 507 00:28:48,400 --> 00:28:51,600 Speaker 3: ahead of those who go to college, labeling you to 508 00:28:51,720 --> 00:28:54,920 Speaker 3: not only start earning income, but to starting to say 509 00:28:54,960 --> 00:28:57,920 Speaker 3: for your retirement in a retirement account or IRA what 510 00:28:58,080 --> 00:29:02,080 Speaker 3: have you. As a result calculations, you can reach retirement 511 00:29:02,160 --> 00:29:06,280 Speaker 3: with a million dollars more than college graduates will without 512 00:29:06,600 --> 00:29:10,680 Speaker 3: the debt that they accumulate. So yeah, vocational education and 513 00:29:10,760 --> 00:29:15,000 Speaker 3: they are commding choice very much. So it's an outstanding 514 00:29:15,040 --> 00:29:16,360 Speaker 3: it's much more conserspective. 515 00:29:16,480 --> 00:29:22,440 Speaker 5: And my second question is with the state schools being free, 516 00:29:22,600 --> 00:29:27,720 Speaker 5: where like the Massachusetts is offering you know, free college 517 00:29:27,800 --> 00:29:31,480 Speaker 5: to like in the state schools and all stuff like that, 518 00:29:31,840 --> 00:29:35,520 Speaker 5: has that decreased the value of an education of college education? 519 00:29:37,240 --> 00:29:37,760 Speaker 4: Yes and no. 520 00:29:38,200 --> 00:29:41,160 Speaker 3: The good news is that college is becoming much less 521 00:29:41,160 --> 00:29:44,760 Speaker 3: expensive than it used to be because thirty five states 522 00:29:44,800 --> 00:29:48,720 Speaker 3: around the country are beginning to make college free. Community 523 00:29:48,760 --> 00:29:52,120 Speaker 3: colleges are free in thirty five states. Four year educations 524 00:29:52,160 --> 00:29:56,160 Speaker 3: are free in twenty five states for families earning as 525 00:29:56,280 --> 00:29:59,640 Speaker 3: much as two hundred thousand dollars a year. So that's 526 00:29:59,680 --> 00:30:02,200 Speaker 3: the good news. It's making college more affordable, and that 527 00:30:02,240 --> 00:30:06,160 Speaker 3: means more accessible, allowing kids to get the advanced education 528 00:30:06,240 --> 00:30:10,320 Speaker 3: they need to pursue really cool careers. The downside to that, 529 00:30:10,440 --> 00:30:12,680 Speaker 3: and this is to the point you're raising, Wine, is 530 00:30:12,720 --> 00:30:17,400 Speaker 3: that by making college more universally available because it's inexpensive 531 00:30:17,440 --> 00:30:20,320 Speaker 3: and anybody can do it, we're increasing the number of 532 00:30:20,360 --> 00:30:23,200 Speaker 3: kids who do go to college, which increases the amount 533 00:30:23,200 --> 00:30:26,400 Speaker 3: of competition you have for the jobs that those college 534 00:30:26,400 --> 00:30:29,840 Speaker 3: degrees require, which means the value of the degree isn't 535 00:30:29,960 --> 00:30:32,840 Speaker 3: as much as it was twenty years ago, which is 536 00:30:32,920 --> 00:30:36,480 Speaker 3: forcing kids into graduate school, where most of the student 537 00:30:36,520 --> 00:30:39,360 Speaker 3: debt occurs and where most of the big expenses are. 538 00:30:39,760 --> 00:30:42,959 Speaker 3: So you're right, we have to consider in high school 539 00:30:43,320 --> 00:30:45,560 Speaker 3: whether the degree is going to lead to the field 540 00:30:45,600 --> 00:30:47,840 Speaker 3: you want, whether you're going to need to go for 541 00:30:48,000 --> 00:30:51,240 Speaker 3: graduate school or not, and what is that going to cost, 542 00:30:51,520 --> 00:30:54,360 Speaker 3: and what are the job opportunities as a result of 543 00:30:54,400 --> 00:30:58,000 Speaker 3: having a master's. This is what's making it much more 544 00:30:58,040 --> 00:31:01,719 Speaker 3: difficult to calculate all the students still in high school. 545 00:31:02,160 --> 00:31:04,520 Speaker 2: Warren, great questions. Thank you for your call. I got 546 00:31:04,520 --> 00:31:06,920 Speaker 2: to get to a break. Thank you, Thank you, my friend. 547 00:31:06,960 --> 00:31:10,000 Speaker 2: Talk to you soon. Be right back with my guest 548 00:31:10,520 --> 00:31:13,480 Speaker 2: Rick Edelman again, good questions from war and we're going 549 00:31:13,560 --> 00:31:16,760 Speaker 2: to go to Trevor in Ontario. He's up next, and 550 00:31:16,800 --> 00:31:19,320 Speaker 2: there's room for you. Six one, seven, two, five, four, ten, 551 00:31:19,440 --> 00:31:21,880 Speaker 2: thirty six one, seven, nine, three, one ten thirty Back 552 00:31:21,920 --> 00:31:25,000 Speaker 2: with Rick Edelman. The book is The Truth about College, 553 00:31:25,120 --> 00:31:29,000 Speaker 2: The Essential College Guide for both parents and teens. It 554 00:31:29,120 --> 00:31:32,400 Speaker 2: is out and available today. Back on night Side after this. 555 00:31:33,320 --> 00:31:36,640 Speaker 1: You're on night Side with Dan Ray on w BZ, 556 00:31:37,040 --> 00:31:38,280 Speaker 1: Boston's news radio. 557 00:31:39,080 --> 00:31:42,760 Speaker 2: My guest is Rick Edelman. Rick. Quick question, Well, some 558 00:31:42,880 --> 00:31:45,040 Speaker 2: person called in. They didn't want to ask you this themselves, 559 00:31:45,080 --> 00:31:47,240 Speaker 2: so I'll ask you for you. Is the Rick Edelman 560 00:31:47,400 --> 00:31:49,440 Speaker 2: Financial Show still available? 561 00:31:50,920 --> 00:31:53,880 Speaker 3: There are podcasts. After I had left my radio show 562 00:31:53,920 --> 00:31:56,640 Speaker 3: after thirty two years, I did a podcast, a daily 563 00:31:56,720 --> 00:32:00,360 Speaker 3: podcast for three years, and all of those episodes are 564 00:32:00,400 --> 00:32:05,520 Speaker 3: available at the Truth about your Future dot com. 565 00:32:05,560 --> 00:32:09,040 Speaker 2: Perfect. Okay, that, gentleman. Hopefully we'll realize that we did 566 00:32:09,080 --> 00:32:12,080 Speaker 2: ask this question. We never do that because I always 567 00:32:12,080 --> 00:32:14,440 Speaker 2: say we want to hear the caller's voices. We're going 568 00:32:14,520 --> 00:32:17,239 Speaker 2: to hear Trevor in Ontario. His voice, Trevor, you were 569 00:32:17,280 --> 00:32:18,040 Speaker 2: next on nightside. 570 00:32:18,080 --> 00:32:20,320 Speaker 3: Welcome, Well, good evening. 571 00:32:20,560 --> 00:32:22,960 Speaker 6: I was listening to your show and I just had 572 00:32:23,000 --> 00:32:27,120 Speaker 6: to call in thank you. I grew up and at 573 00:32:27,200 --> 00:32:30,480 Speaker 6: fourteen years old. I grew up in England. And at 574 00:32:30,520 --> 00:32:33,360 Speaker 6: fourteen years old they took us to different jobs to 575 00:32:33,400 --> 00:32:36,280 Speaker 6: see what we wanted to do, and I wanted to 576 00:32:36,320 --> 00:32:40,960 Speaker 6: be electrician. At fifteen, I left school and started my apprenticeship. 577 00:32:41,880 --> 00:32:44,880 Speaker 6: I was electrician at twenty. I had to go my 578 00:32:45,040 --> 00:32:47,960 Speaker 6: school three nights a week and one day a week, 579 00:32:48,000 --> 00:32:51,280 Speaker 6: which the company paid for. But it never cost me nothing. 580 00:32:52,200 --> 00:32:55,760 Speaker 2: Trevor. What, Trevor, I missed up in England. 581 00:32:56,600 --> 00:32:58,640 Speaker 3: In England, all right, okay, and we. 582 00:32:59,440 --> 00:33:02,479 Speaker 6: Went to your school till eleven. Then we took eleven 583 00:33:02,520 --> 00:33:05,719 Speaker 6: plus examine and went to a senior school that they 584 00:33:05,800 --> 00:33:09,560 Speaker 6: called it. And at fifteen I left school, signed apprenticeship 585 00:33:09,600 --> 00:33:13,280 Speaker 6: papers the next day and started to work on my apprenticeship. 586 00:33:13,360 --> 00:33:15,720 Speaker 2: They do it a little bit. They did it a 587 00:33:15,760 --> 00:33:18,480 Speaker 2: little bit differently in England. Trevor. Have you have you 588 00:33:18,520 --> 00:33:20,120 Speaker 2: called my show before since your first time? 589 00:33:20,160 --> 00:33:21,320 Speaker 6: I called you once before? 590 00:33:21,400 --> 00:33:24,000 Speaker 2: Yeah, well you got to call more often here, Trevor. 591 00:33:24,040 --> 00:33:27,640 Speaker 2: An interesting perspective. For sure, I'm getting a little. 592 00:33:27,680 --> 00:33:30,200 Speaker 6: I just had to I just had to Quarterer to 593 00:33:30,200 --> 00:33:34,280 Speaker 6: tell you that it never cost me nothing. And I 594 00:33:34,320 --> 00:33:38,800 Speaker 6: grew up without a dad. And I worked in a 595 00:33:38,960 --> 00:33:41,840 Speaker 6: nuclear power station in England, and then the company of 596 00:33:41,880 --> 00:33:46,240 Speaker 6: Ontario Hydro in Canada brought me over from England and 597 00:33:46,400 --> 00:33:49,840 Speaker 6: I worked here. I have never been out of work in. 598 00:33:49,760 --> 00:33:53,920 Speaker 2: My life, and Trevor, good, good for it. 599 00:33:54,040 --> 00:33:57,080 Speaker 6: And I also worked in Rochester, New York for an 600 00:33:57,120 --> 00:34:00,200 Speaker 6: electrical company there who hired me on the phone. Just 601 00:34:00,240 --> 00:34:02,320 Speaker 6: go out apprenticeship papers, all. 602 00:34:02,240 --> 00:34:06,440 Speaker 2: Right, well, Trevor, a powerful testimony that there's more than 603 00:34:06,480 --> 00:34:08,359 Speaker 2: one way to skin a cat, as they would say. 604 00:34:08,400 --> 00:34:10,440 Speaker 6: But I just not to call because of all the 605 00:34:10,480 --> 00:34:14,400 Speaker 6: people that pay all this money out and they just 606 00:34:14,440 --> 00:34:16,600 Speaker 6: don't do apprenticeships. 607 00:34:15,680 --> 00:34:18,920 Speaker 2: And I hate to do this to you, but you 608 00:34:18,960 --> 00:34:20,920 Speaker 2: call so darn lad. I got to move on to 609 00:34:21,000 --> 00:34:23,200 Speaker 2: a couple of more callers, but thank you, and call 610 00:34:23,280 --> 00:34:26,440 Speaker 2: more often, Trevor. You sound like an interesting guy. I 611 00:34:26,560 --> 00:34:28,760 Speaker 2: love to talk to people who have had this different 612 00:34:28,840 --> 00:34:32,560 Speaker 2: experiences and I'd love to follow up with a longer conversation. 613 00:34:32,680 --> 00:34:33,440 Speaker 2: Thank you, my friend. 614 00:34:33,920 --> 00:34:35,200 Speaker 6: Okay, thanks, good night. 615 00:34:35,280 --> 00:34:38,920 Speaker 2: Let me go to Priscilla in that appan part of Boston. Priscilla, 616 00:34:39,000 --> 00:34:42,000 Speaker 2: you are on with Rick Edelman. Go right ahead, Priscilla. 617 00:34:42,239 --> 00:34:47,200 Speaker 7: Yeah, so my daughter she's in college. But oh boy, 618 00:34:47,360 --> 00:34:51,600 Speaker 7: it's it's a lot to deal with. But she did it. 619 00:34:52,000 --> 00:34:56,520 Speaker 7: You know. She has a little has adhd, but he's 620 00:34:56,520 --> 00:35:01,560 Speaker 7: still in there. And we got help, you know, from 621 00:35:01,600 --> 00:35:05,080 Speaker 7: the school just as well, because she's got a free scholarship. 622 00:35:05,560 --> 00:35:07,760 Speaker 2: Where's she going to school, Priscilla, if I could. 623 00:35:07,520 --> 00:35:13,640 Speaker 7: Ask, she goes to Jecksville University is Philadelphia? 624 00:35:14,320 --> 00:35:16,480 Speaker 2: I missed the name. What was the name again? 625 00:35:17,400 --> 00:35:20,760 Speaker 7: That's Ball University in Philadelphia. 626 00:35:20,880 --> 00:35:23,200 Speaker 2: Okay, I'm not familiar with that school. What's her major 627 00:35:23,280 --> 00:35:25,040 Speaker 2: going to be? What does she? What does she? What 628 00:35:25,200 --> 00:35:25,360 Speaker 2: is she? 629 00:35:25,440 --> 00:35:25,920 Speaker 3: Hotel? 630 00:35:27,480 --> 00:35:29,760 Speaker 7: Business management, hospitality? 631 00:35:30,000 --> 00:35:32,840 Speaker 2: Okay, sure, so she wants to work hotels and in 632 00:35:32,920 --> 00:35:36,560 Speaker 2: business management. Rick, There's there's a there's a very practical 633 00:35:36,600 --> 00:35:39,200 Speaker 2: career path. There will always be hotels. I think Priscilla 634 00:35:39,320 --> 00:35:40,359 Speaker 2: is going to be Okay. 635 00:35:41,040 --> 00:35:43,040 Speaker 3: Yeah, there's no question to Tourism is one of the 636 00:35:43,120 --> 00:35:45,480 Speaker 3: key careers that are going to survive. That's an important 637 00:35:45,480 --> 00:35:48,440 Speaker 3: point you're raising right there, Dan, is that we have 638 00:35:48,560 --> 00:35:51,400 Speaker 3: a threat now that didn't happen when we were in college, 639 00:35:51,560 --> 00:35:52,439 Speaker 3: and that. 640 00:35:52,480 --> 00:35:55,520 Speaker 4: Is artificial intelligence hip exactly. 641 00:35:55,680 --> 00:36:02,040 Speaker 7: And if financially and all that. Oh boys, well, Priscilla. 642 00:36:01,440 --> 00:36:04,719 Speaker 2: You you keep supporting her and she'll make you She'll 643 00:36:04,760 --> 00:36:06,800 Speaker 2: make you proud of At the end of the day, Priscilla, 644 00:36:06,880 --> 00:36:08,560 Speaker 2: I'm getting flat out of time, so I. 645 00:36:08,480 --> 00:36:10,880 Speaker 7: Gotta let you run than grad in June. 646 00:36:11,920 --> 00:36:14,319 Speaker 2: All right, Well, keep me posted as to what her 647 00:36:14,360 --> 00:36:17,120 Speaker 2: success is, because she will, she will be a success. 648 00:36:17,200 --> 00:36:19,600 Speaker 2: Thank you so much, Priscilla, say how to your daughter 649 00:36:19,680 --> 00:36:19,960 Speaker 2: for us? 650 00:36:20,000 --> 00:36:22,200 Speaker 7: Okay, okay, thank you. 651 00:36:22,200 --> 00:36:24,840 Speaker 2: Thanks Priscilla. Yeah, that was my last question. And my 652 00:36:24,920 --> 00:36:29,600 Speaker 2: last question is this artificial intelligence. Probably you're not going 653 00:36:29,600 --> 00:36:35,520 Speaker 2: to take the jobs of plumbers, electricians, hvac operators, but 654 00:36:35,640 --> 00:36:39,319 Speaker 2: it may take a lot of white collar jobs or 655 00:36:39,400 --> 00:36:43,240 Speaker 2: college educated jobs. That's a huge factor. 656 00:36:43,360 --> 00:36:43,520 Speaker 4: Rick. 657 00:36:43,600 --> 00:36:45,520 Speaker 2: Can you just address that a little bit and how 658 00:36:45,560 --> 00:36:50,000 Speaker 2: that works into the calculations of where where teenagers should 659 00:36:50,040 --> 00:36:51,440 Speaker 2: be looking after high school. 660 00:36:52,120 --> 00:36:54,560 Speaker 3: There's a huge issue, Dan, and in my book, I 661 00:36:54,760 --> 00:36:57,840 Speaker 3: list the hundreds of occupations that are going to be 662 00:36:57,960 --> 00:37:02,719 Speaker 3: eliminated over the next decade by AI and robotics. Too 663 00:37:02,800 --> 00:37:06,680 Speaker 3: many students are in college majoring in fields that literally 664 00:37:06,800 --> 00:37:10,040 Speaker 3: won't exist by the time they graduate. So we have 665 00:37:10,160 --> 00:37:12,920 Speaker 3: to be careful that we are having our children choose 666 00:37:13,000 --> 00:37:15,560 Speaker 3: careers that in fact will lead to jobs. 667 00:37:15,880 --> 00:37:16,680 Speaker 4: And while I have. 668 00:37:16,680 --> 00:37:19,080 Speaker 3: A big list in the book of jobs that are 669 00:37:19,080 --> 00:37:22,560 Speaker 3: going to disappear, I have another big list of hundreds 670 00:37:22,560 --> 00:37:26,360 Speaker 3: of jobs that are going to thrive in the next 671 00:37:26,360 --> 00:37:29,000 Speaker 3: decade or two. As you pointed out, a lot of 672 00:37:29,040 --> 00:37:33,000 Speaker 3: careers are going to do really well in a technological environment. 673 00:37:33,320 --> 00:37:35,880 Speaker 3: You need to make sure that your children are not 674 00:37:36,239 --> 00:37:40,160 Speaker 3: facing obsolescence with the major that they select. And so 675 00:37:40,320 --> 00:37:42,360 Speaker 3: this is a huge part of the book and The 676 00:37:42,440 --> 00:37:45,879 Speaker 3: Truth about College to help you and your team pick 677 00:37:45,960 --> 00:37:48,440 Speaker 3: the right career that they're going to select for their 678 00:37:48,440 --> 00:37:49,080 Speaker 3: college path. 679 00:37:50,000 --> 00:37:53,000 Speaker 2: Rick, I thank you so much for your time tonight. 680 00:37:53,040 --> 00:37:56,360 Speaker 2: He gave us an hour. Ric Edelman The Truth about College, 681 00:37:56,480 --> 00:37:59,719 Speaker 2: The Essential College Guide for both parents and teens, and 682 00:37:59,760 --> 00:38:04,040 Speaker 2: your right. There's all sorts of information, there's application guidance, 683 00:38:04,080 --> 00:38:10,560 Speaker 2: there's college comparisons, all sorts of interview suggestions. You know, 684 00:38:10,600 --> 00:38:12,880 Speaker 2: what do you do in terms of campus life? Academic? 685 00:38:13,120 --> 00:38:17,920 Speaker 2: This is a book that is full of valuable information. 686 00:38:18,239 --> 00:38:23,319 Speaker 2: And I can't encourage my listeners any more strongly than 687 00:38:23,320 --> 00:38:25,000 Speaker 2: to say, this is a book that should be part 688 00:38:25,000 --> 00:38:28,440 Speaker 2: of your family library, particularly if you have young ones, 689 00:38:28,880 --> 00:38:31,759 Speaker 2: and whether it's your grandparents or parents, you got to 690 00:38:31,800 --> 00:38:35,080 Speaker 2: help these kids make the right decisions. Rick Edelman, thanks 691 00:38:35,120 --> 00:38:36,840 Speaker 2: so much for your time, and thanks for putting this 692 00:38:36,880 --> 00:38:41,160 Speaker 2: book together. Available on Amazon, I'm sure pretty easily. The 693 00:38:41,719 --> 00:38:44,560 Speaker 2: book The Truth about Callers, the Essential College Guide for 694 00:38:44,640 --> 00:38:47,880 Speaker 2: both parents and teens. Best of luck, Rick. You know 695 00:38:47,920 --> 00:38:50,560 Speaker 2: we'll have you back at some point and maybe a 696 00:38:50,600 --> 00:38:53,440 Speaker 2: few months from now and see how how how the 697 00:38:53,440 --> 00:38:57,600 Speaker 2: book is going and what sort of reviews you're receiving. Obviously, 698 00:38:58,000 --> 00:39:01,160 Speaker 2: if it's number one on Amazon, it's pretty strong. 699 00:39:01,200 --> 00:39:04,800 Speaker 3: Out of the gates, it's doing really well. I'm really excited. 700 00:39:04,800 --> 00:39:06,759 Speaker 3: And Dan, it's been such a privilege to be here 701 00:39:06,760 --> 00:39:08,759 Speaker 3: with you. I'm so happy to be a getting back 702 00:39:08,800 --> 00:39:09,480 Speaker 3: on WBZ. 703 00:39:10,000 --> 00:39:13,839 Speaker 2: Absolutely, you're always welcome here, that's for sure. Thanks Rick, 704 00:39:13,960 --> 00:39:16,280 Speaker 2: we'll talk soon. Thank you, my friend. Anytime you in Boston, 705 00:39:16,360 --> 00:39:20,000 Speaker 2: let me know we'll do all right when we get back. 706 00:39:20,080 --> 00:39:23,799 Speaker 2: We have one more hour here on Wednesday night, and 707 00:39:24,200 --> 00:39:26,640 Speaker 2: I have a couple of thoughts that i'd like to 708 00:39:26,680 --> 00:39:28,480 Speaker 2: share with you, and I hope you'll be willing to 709 00:39:28,480 --> 00:39:30,520 Speaker 2: share some of your thoughts with me on night side, 710 00:39:30,600 --> 00:39:32,840 Speaker 2: right after the news at eleven o'clock.