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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fined nearly

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Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 1: border and families will.

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Speaker 2: Be protected sponsored by the United States Department of Homeland Security.

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Speaker 3: So let's get into it. First question this year, let's

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Speaker 3: talk about that three point four million dollar number American

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Speaker 3: Dream And yeah, can you give us some more details

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Speaker 3: on that?

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Speaker 4: Sure? Absolutely, So we're always looking at what people are

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Speaker 4: looking for and investipede it. And when we come to

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Speaker 4: the end of the year, we look at the terms

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Speaker 4: that pop the most. What were people searching for the most,

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Speaker 4: either at one distinct period of time or what definition

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Speaker 4: or term had the most consistent search and American dream

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Speaker 4: was our top term of the year. People were looking

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Speaker 4: for that throughout the year. So we got into that

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Speaker 4: a little bit. Why were people looking up the American Dream?

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Speaker 4: And we've the more we looked, the more we understood

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Speaker 4: that it felt like it was out of reach for

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Speaker 4: a lot of people, especially young people, who feel like

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Speaker 4: they're not going to be able to have a good

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Speaker 4: of financial life as their parents. They're not going to

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Speaker 4: be able to do better than their parents. They may

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Speaker 4: not ever be able to buy a home given mortgage rates,

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Speaker 4: given the high price of housing these days. So we

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Speaker 4: got into it a little bit more and we saidhy

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Speaker 4: don't we actually put a number on it? What would

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Speaker 4: it cost to if you wanted to build the so

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Speaker 4: called dream? And to be completely candid, my dream and

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Speaker 4: your dream are very different, and the dream of everybody

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Speaker 4: listening is very different. But a reasonable expectation to build

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Speaker 4: a family, raise a family have a couple of kids,

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Speaker 4: send them to school for a couple of years, have

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Speaker 4: a couple of pets that live fifteen years on average,

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Speaker 4: each own five to six used cars over your lifetime,

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Speaker 4: pay for health insurance, the cost of raising a kid,

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Speaker 4: having a little bit of money three quarters of a

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Speaker 4: million bucks set aside for ten years of retirement. When

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Speaker 4: we total that up, it came to three point four

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Speaker 4: million dollars. Again, your dream and my dream are different,

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Speaker 4: but these are reasonable expectations for raising a family today

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Speaker 4: in this country. And that does include buying a home.

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Speaker 4: Not everybody wants to buy a home, but if you

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Speaker 4: wanted to, And that was kind of what the dream

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Speaker 4: was purported to be, right, being able to do whatever

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Speaker 4: you wanted to do in this country, no matter who

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Speaker 4: you are. That's the purpose of the dream. The American

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Speaker 4: dream was actually coined in nineteen thirty one by an

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Speaker 4: author in a called Epic of America's James Truslow Adams.

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Speaker 4: He wrote about the American dream in the depths of

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Speaker 4: the Depression when he was talking about dream of a

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Speaker 4: dream of a land in which life should be better, richer,

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Speaker 4: and fuller for everyone, with opportunity for each According to

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Speaker 4: ability or achievement. Well, the financial services industry over the

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Speaker 4: last thirty years turned that into owning a home, having

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Speaker 4: retirement assets, being able to afford a college education for

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Speaker 4: your family, being able to afford insurance, healthcare, and all

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Speaker 4: those things. So just taking the reasonable expectations for what

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Speaker 4: that is today, that's three point four million dollars. But

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Speaker 4: the problem, guys is if you take the median income

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Speaker 4: over a lifetime of earning, you get to about two

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Speaker 4: point three million. So there's a million plus dollar gap

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Speaker 4: between what people are actually earning and what it costs

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Speaker 4: to have those reasonable expectations to raise a family today.

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Speaker 3: So what would be being at the average American is

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Speaker 3: going to earn less than three point four million, right,

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Speaker 3: what would be the suggestion, like, what's the the outcome

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Speaker 3: of this study? So one thing is like, okay, you

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Speaker 3: got and actually asks chat GBT and they said that

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Speaker 3: is what they actually put it a one point seven

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Speaker 3: million for average person. But so the first thing I

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Speaker 3: would say is, obviously it would pay that to be

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Speaker 3: in a tool income household, because then that one point

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Speaker 3: seven turns to three point two and no one point yeah, right,

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Speaker 3: three point four three point four So that will put

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Speaker 3: you right there actually if you're married, according to chat GBT.

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Speaker 3: But for the people that are not in that category

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Speaker 3: and are not on pace to earn that much money

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Speaker 3: in their life span, what's what's the takeaway? What can

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Speaker 3: they do to actually improve their situation to meet that challenge?

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Speaker 4: They should invest? Right, how do you fill the gap?

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Speaker 4: Where's that one point one million dollars or whatever you're missing?

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Speaker 4: Then it come from it comes from growing your money, right,

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Speaker 4: it comes from investing. That's one way of doing it.

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Speaker 4: Or changing the framework of your dream. Maybe you never

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Speaker 4: wanted to own a home, maybe that's not important to you.

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Speaker 4: Maybe you don't drive, maybe you don't have a kid,

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Speaker 4: or don't want to raise a family. But if you

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Speaker 4: want to have those reasonable expectations for raising a family,

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Speaker 4: today you're going to get to around that number. But

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Speaker 4: you can change the number.

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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, Attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fined nearly

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Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now under President Trump, America's laws

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Speaker 1: border and families will.

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Speaker 2: Be protected sponsored by the United States Department of Homeland Security.

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Speaker 4: Numberge any which way depending on your lifestyle. But let's

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Speaker 4: just say that as that three point four million and

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Speaker 4: you're far away from it, investing is a way to

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Speaker 4: fill the gap. Making your money work for you while

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Speaker 4: you're working is the way to make sure that you're

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Speaker 4: getting to that number or beyond that number so you

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Speaker 4: can leave live even a little bit more comfortably. That's

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Speaker 4: the point of this program, right, That's the point of

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Speaker 4: what you guys are doing. Helping people build well, helping

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Speaker 4: them find different pathways to build wealth over a lifetime.

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Speaker 4: That's what we believe in, and I think that's the answer.

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Speaker 6: And plus, with the rate of inflation going up so high,

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Speaker 6: it's going to be a mistake in ten or fifteen

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Speaker 6: years if you don't own a home. So I know

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Speaker 6: there's a big agenda for people to not own, but

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Speaker 6: you have to invest in a long term and you

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Speaker 6: definitely have to look towards own the home because if not,

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Speaker 6: I think the prices will probably double in the next

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Speaker 6: ten years.

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Speaker 4: Yeah, on a home or on real estate properties that

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Speaker 4: produce you come for. You have to have ways of

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Speaker 4: producing money for you outside of your norse normal occupation.

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Speaker 4: There's two ways to look at it. Right, When you work,

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Speaker 4: that's your labor. Those are your labor dollars that sustain you.

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Speaker 4: But to put your money to work while you're working,

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Speaker 4: get those two things going at the same time. That's

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Speaker 4: how you generate wealth over the long term. And that's

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Speaker 4: how you build generational wealth. But a lot of people

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Speaker 4: just don't learn that, which is why I'm so impressible

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Speaker 4: that you guys are doing. You've been teaching people how

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Speaker 4: to do this for a long time. That's the point, right,

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Speaker 4: You have to build your wealth and have your money

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Speaker 4: work for you.

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Speaker 5: So in order to get to this three point foward,

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Speaker 5: there's obviously things you said, like investing, But I wonder

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Speaker 5: when you look at the search the results from your search,

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Speaker 5: is did anything stand out to you?

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Speaker 2: Right?

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Speaker 5: Because I'm looking at your top ten. Number ten was racketeering,

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Speaker 5: which is pretty interesting. Number nine assumable mortgages. Number eight bricks,

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Speaker 5: which we've spoken about. Number seven, Treasury Bill, number six,

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Speaker 5: debt ceiling five, inverted yield curve before certificate of deposit.

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Speaker 5: Number three, artificial intelligence, which I probably thought would be

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Speaker 5: number one, number two bank failures, and like you said,

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Speaker 5: the American dream. So as we're searching for these things,

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Speaker 5: what's staring out to you guys as a company saying

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Speaker 5: all right, well, we got to feed more information. We

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Speaker 5: got to figure out why people are looking at these things.

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Speaker 5: What was glaring to you as you got those results

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Speaker 5: coming back.

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Speaker 4: Yeah, Artificial intelligence was actually our reader's pick for term

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Speaker 4: of the year, and it makes a lot of sense.

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Speaker 4: Not only was it a huge investing theme. Note Navidia,

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Speaker 4: note a lot of the AI related stocks that had

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Speaker 4: enormous outperformance this year, but AI touched every single industry

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Speaker 4: that we pretty much encounter, right. It was behind the

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Speaker 4: writer and the writer and actor strike in Hollywood. It

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Speaker 4: was behind a lot of what's going on in the

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Speaker 4: auto industry in terms of what that's going to turn

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Speaker 4: into over the next few years. You just mentioned chat

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Speaker 4: GPT when you asked it how much it would cost

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Speaker 4: to you know, how much a dual family would earn

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Speaker 4: over a lifetime. So it's involved in everything that we're

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Speaker 4: involved with today, and I think it's going to be

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Speaker 4: a dominant theme going forward. So we have to do

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Speaker 4: a lot more content around that, not just as an

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Speaker 4: investing theme, but what does it mean for industries? What

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Speaker 4: does it mean for the future of productivity in this

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Speaker 4: country and around the world. But when you look at

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Speaker 4: other things like bank failures, well those pop because we

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Speaker 4: were having bank failures in the spring. Banks were supposed

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Speaker 4: to be boring, but there were anything but boring earlier

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Speaker 4: on this year when they were failing and the Treasury

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Speaker 4: and FDIC were seizing them but also taking extraordinary measures

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Speaker 4: to bail out customers of banks. Right the FDIC only

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Speaker 4: guarantees and we did a show on this with you

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Speaker 4: guys when this was happening back in the last spring.

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Speaker 4: I'm only supposed to cover you for two undred and

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Speaker 4: fifty thousand, Well the Treasury Department said we're going to

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Speaker 4: cover you way beyond that, so that was really interesting.

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Speaker 4: We've been in an inverted yield curve in one form

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Speaker 4: or another all year, and that usually precedes a recession.

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Speaker 4: We've been kind of waiting for a recession now for

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Speaker 4: about fifteen sixteen months, not saying we won't have one,

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Speaker 4: but the fact that the dynamics have changed. Right, if

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Speaker 4: we had an inverted yeal curb five ten years ago,

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Speaker 4: we would have had a recession like the next minute.

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Speaker 4: But things are really different these days, so we had

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Speaker 4: to get in more of that. And also the assumable mortgage.

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Speaker 4: That really it out to us. Why because this is

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Speaker 4: a way if I want to buy your house in

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Speaker 4: you just transfer your mortgage to me instead of me

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Speaker 4: going out and getting an eight percent mortgage. It's a

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Speaker 4: unique way of doing transferring a mortgage and actually selling

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Speaker 4: a house to another person. This was popping for us

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Speaker 4: because people were looking for ways to actually own a home,

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Speaker 4: be able to buy a home for the first time.

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Speaker 4: So that's why this term was popping.

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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christine Noman, the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens.

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Speaker 2: Have been arrested.

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Speaker 1: If you were here illegally, your next you will be

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Speaker 1: fine nearly one thousand dollars a day, imprisoned and deported,

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Speaker 1: you will never return. But if you register using our

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Speaker 1: CBP home app and leave now, you could be allowed

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Speaker 1: to return legally. Do what's right. Leave now. Under President

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Speaker 1: Trump America's laws, border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security,