Latest / WCHS Network Podcasts / 04/21/2025 Retire Right Radio with John Burdette

Transcript

04/21/2025 Retire Right Radio with John Burdette · WCHS Network Podcasts

0:00
Speaker 1: Unlock your dream property with Meeks Realty Group, where Rich
0:03
Speaker 1: the realtor makes real estate dreams a reality, whether it's
0:05
Speaker 1: residential or commercial. We've got Charleston to Huntington covered. Your
0:09
Speaker 1: key to exceptional real estate experience is start here Meeks Realtygroup.
0:13
Speaker 1: Contact us at Meeks dot us.
0:15
Speaker 2: The views and opinions expressed on this program do not
0:18
Speaker 2: necessarily reflect the views and opinions of five ADWCHS, its employees,
0:23
Speaker 2: or WVRC Media. This is retire Right Radio, a weekly
0:28
Speaker 2: show from John Verdet at Fourth Avenue Financial that aims
0:31
Speaker 2: to answer your questions about financial planning, investing, and how
0:35
Speaker 2: to retire right. Fourth Avenue Financial is located in downtown
0:39
Speaker 2: Charleston at one seventy Court Street. More information online at
0:43
Speaker 2: Fourth Avenue Financial dot com. Join the conversation by calling
0:47
Speaker 2: three oh four three four five fifty eight fifty eight
0:50
Speaker 2: or text three oh four nine three five fifty oh eight.
0:54
Speaker 2: On Retire Right Radio, let's go live to the studio
0:57
Speaker 2: with host Dale Cooper and John Verdet from to have
1:00
Speaker 2: any financial.
1:01
Speaker 3: Guest and very pleasant good Monday morning to you. Once again.
1:03
Speaker 4: You are listening to retire Write Radio on five adwc
1:06
Speaker 4: HS the Voice of Charleston. Thanks so much for tuning
1:09
Speaker 4: in on what is going to shape up to be
1:11
Speaker 4: a pretty darn beautiful Monday. I do believe in studio
1:14
Speaker 4: with me today and this is our second show now
1:17
Speaker 4: our from one of our new studios. We're going to
1:19
Speaker 4: have yet another one coming up here relatively soon. But John,
1:22
Speaker 4: our dad is here from Fourth Avenue Financial John, Good morning.
1:24
Speaker 3: How you doing. I'm doing great. Yeah.
1:26
Speaker 4: Nice new digs. A little different, isn't it a little different?
1:28
Speaker 4: We can actually look at each other. I was just thinking,
1:31
Speaker 4: I don't think I've ever talked to you other than
1:33
Speaker 4: when you were standing or on a stool. So it's
1:35
Speaker 4: actually kind of interesting too. With Harvey Payton last week,
1:38
Speaker 4: it was the same way as like, Harvey, I'm actually
1:39
Speaker 4: talking to you and we're sitting down and having a conversation. Yeah,
1:42
Speaker 4: instead of leaning on a stool, which is what we've
1:43
Speaker 4: been doing for years. Studio folks, not the bar.
1:46
Speaker 3: Yeah yeah, yeah, yeah exactly.
1:47
Speaker 4: We had an elevated We had an elevated studio before
1:50
Speaker 4: where we had to sit behind stools, and now we
1:52
Speaker 4: have a traditional sit down studio, which I actually.
1:55
Speaker 3: Much prefer I don't really. I don't really love the
1:56
Speaker 3: elevated studios all that much.
1:57
Speaker 4: So anyway, it's very nice, especially to here and have discussions,
2:01
Speaker 4: and it's the room is very nicely insulated. There's no
2:05
Speaker 4: noise outside in the hallway, which is something that we've
2:07
Speaker 4: had for years at their previous locations.
2:09
Speaker 5: So it's just nice new equipment. The microphone stay where
2:12
Speaker 5: they're supposed to be.
2:14
Speaker 4: You had another little bit of inside ball the especially
2:17
Speaker 4: the host Mike and the other studio. I could never
2:20
Speaker 4: get that thing to stay where it needed to go,
2:22
Speaker 4: and it kept on falling. It would happen during the
2:23
Speaker 4: show if you would hear just like a random laugh
2:26
Speaker 4: during the show during an otherwise serious conversation, Probably nine
2:30
Speaker 4: times out of ten, that's what was going on as
2:31
Speaker 4: my mic was acting up. But we don't have to
2:33
Speaker 4: worry about that anymore. Pretty soon, our listeners are going
2:35
Speaker 4: to know as much about our new studios as we
2:37
Speaker 4: do because we talk about them all the time. But
2:39
Speaker 4: believe me, if you've been here for as long as
2:41
Speaker 4: I have, and Chris and Jeff and all these guys,
2:44
Speaker 4: this has been a decade plus coming and Charleston had
2:48
Speaker 4: been its last update. I started working here for the
2:51
Speaker 4: first time in nineteen ninety two, and I was actually
2:56
Speaker 4: I came here under the last ownership, but Don Cook
2:59
Speaker 4: brought me into work, and then they I got laid
3:04
Speaker 4: off when the new company came in. When Western ear
3:06
Speaker 4: Radio Corporation came in, I got laid off, and then
3:08
Speaker 4: I got rehired on the other side of things, so
3:10
Speaker 4: I actually got to see like when they bought the
3:12
Speaker 4: building and then they did the remodel the first time around,
3:15
Speaker 4: and then I saw it through the other side. That
3:16
Speaker 4: was in nineteen ninety two. That equipment that was here
3:19
Speaker 4: in nineteen ninety two when the initial purchase went through
3:22
Speaker 4: and some and some of the expansion was made then
3:26
Speaker 4: was what we were still producing radio one through early
3:30
Speaker 4: this year. So we're talking considerably aged equipment from there.
3:35
Speaker 4: I saw it come in and I saw it go out,
3:37
Speaker 4: although I had been all over the world in between.
3:39
Speaker 5: It's funny how the equipment aged. But you have yeah, yeah, right,
3:43
Speaker 5: I have an age at all.
3:43
Speaker 4: Anyway, John, our dad is here for Fourth Avenue Financial
3:45
Speaker 4: more information online. It's Fourth Avenue Financial dot com. You
3:48
Speaker 4: spell out the whole thing Fourth Avenue Financial and put
3:50
Speaker 4: a dot com behind it, or go to Facebook and
3:52
Speaker 4: search that out and you can find out more information
3:53
Speaker 4: about Fourth Avenue Financial right. There plenty of stuff that
3:56
Speaker 4: we want to talk about today. One of the things
3:57
Speaker 4: we're going to get into a little bit later on,
3:59
Speaker 4: and this is something that taking phone calls, by the way,
4:01
Speaker 4: at our regular phone line again three zero four three
4:03
Speaker 4: four five fifty eight fifty eight. Three zero four three
4:05
Speaker 4: four five fifty eight fifty eight. If you have any
4:07
Speaker 4: questions for John this morning, give us a call. We'll
4:09
Speaker 4: get you on the air waves this morning. Get your
4:12
Speaker 4: question ready to go, and to give me your name
4:14
Speaker 4: and the city you're calling from, and we'll get you
4:16
Speaker 4: right on the air. Three zero four three four five
4:18
Speaker 4: fifty eight fifty eight. You can text three zero four
4:19
Speaker 4: non three five five zero zero eight three zero four
4:22
Speaker 4: none three five five zero er eight. Some of the
4:23
Speaker 4: things we want to talk on this morning, we're going
4:25
Speaker 4: to talk about some of the financial rules of thumb.
4:27
Speaker 4: And there's a little over a half dozen some of
4:30
Speaker 4: them or so that John's kind of highlighted for us
4:32
Speaker 4: this morning.
4:32
Speaker 3: These are things that.
4:33
Speaker 4: You hear a lot of you hear, you know, different ratios,
4:36
Speaker 4: different different sort of sayings or expressions that help with investing.
4:40
Speaker 4: John's want to go over some of those and the
4:42
Speaker 4: situations that they work for, that they may not work for,
4:44
Speaker 4: how that you can apply them to you, and exactly
4:47
Speaker 4: what those means and how those rules of thumb can
4:49
Speaker 4: apply to your life. If you have any questions about
4:50
Speaker 4: those things, or if you're wondering, like maybe you need
4:53
Speaker 4: to customize a rule of thumb for your life, John
4:55
Speaker 4: can help you out with that. Again, you can call
4:57
Speaker 4: us three zero four three four five fifty eight fifty
4:58
Speaker 4: eight three zero four three four five fifty eight fifty.
5:01
Speaker 4: We can look back into the market for last week.
5:03
Speaker 4: Relatively speaking, there was some some positive news last week,
5:06
Speaker 4: but really positive movement.
5:07
Speaker 5: Yeah, yeah, another pretty strong recovery week. The Dow is
5:11
Speaker 5: up two and a half percent, the SMP four point six,
5:14
Speaker 5: the Nasdaq bounce back pretty good at six point seven percent,
5:19
Speaker 5: and the international stocks were up again two point six.
5:23
Speaker 5: International is by far leading the way this year, up
5:26
Speaker 5: eight point four percent for the International Index.
5:29
Speaker 4: If somebody's paying attention, this is a really or maybe
5:32
Speaker 4: not unique, but this is a really good point where
5:34
Speaker 4: you could look and see where the underpinning finances and
5:37
Speaker 4: the sentiments are are divergent. You know, the sentiments are
5:41
Speaker 4: still not a lot of that great, but the underlying
5:43
Speaker 4: finances are you know, like you have talked about forever tariffs,
5:47
Speaker 4: no tariffs, whatever else. Companies that are that are producing
5:50
Speaker 4: and are doing what they're supposed to do, find ways through,
5:53
Speaker 4: find ways through.
5:53
Speaker 5: Yeah, absolutely, and there are gonna be a lot of
5:55
Speaker 5: earnings this week. We'll start learning a little bit more,
5:58
Speaker 5: not just about the earnings. You know, earnings are backwards
6:01
Speaker 5: looking what's going to be important or what the companies
6:03
Speaker 5: are saying in their earnings reports about their expectations for
6:07
Speaker 5: the future, and that will that will kind of set
6:09
Speaker 5: the tone. I'm sure we'll see some of that this week.
6:13
Speaker 5: You know, with the market now rebounding, we've we've about
6:17
Speaker 5: recovered half of the losses that that we had in
6:21
Speaker 5: the in the original swoon. And if you think back,
6:25
Speaker 5: you know when those losses were at the peak, that's
6:28
Speaker 5: when anxiety was the highest. That's when everybody thought the.
6:32
Speaker 3: The market was over exactly.
6:35
Speaker 5: And and it turns out that that was the exact bottom.
6:42
Speaker 5: That was when when things turned and now we've bounced
6:45
Speaker 5: back about halfway back, and that's the this illustrates I
6:49
Speaker 5: think perfectly the risk of trying to time the market,
6:53
Speaker 5: because if you had given end to that anxiety and
6:56
Speaker 5: fear and sold, now you've lost half of the rebound,
7:01
Speaker 5: so you would have locked the loss in, lost half
7:04
Speaker 5: of the rebound, and now you're left with the decision
7:06
Speaker 5: what do I do. Now Do I get back in
7:10
Speaker 5: and except that I lost half the rebound, or do
7:12
Speaker 5: you think, no, the worst isn't in yet and we
7:14
Speaker 5: wait it out and risk that the market goes higher.
7:18
Speaker 5: It's just a game that is hard to win when
7:21
Speaker 5: you're trying to tom the market.
7:24
Speaker 4: It seems like and I mean, you give this advice
7:27
Speaker 4: on the show and half for years, but it just
7:28
Speaker 4: keeps from showing the proof is in the pudding. I
7:32
Speaker 4: mean every single time that we talk about these sort
7:34
Speaker 4: of things. On the other side, I kind of like
7:36
Speaker 4: the space that we're in right now to some degree
7:38
Speaker 4: because as far as the sentiments and the people like
7:42
Speaker 4: using the sentiments for their own political cudgel and stuff
7:45
Speaker 4: like that, we're sort of in a pattern right now
7:47
Speaker 4: where nobody can claim, like, you know, the economy is
7:50
Speaker 4: not crashing, the market's not crashing, but also things aren't
7:53
Speaker 4: necessarily going, you know, skyrocketing. Nobody can really claim any
7:56
Speaker 4: sort of and it's too early anyway, But people like
7:59
Speaker 4: to take a quick vicar relapse or quick defeats if
8:01
Speaker 4: they're trying to paint their other, their opponent in a
8:03
Speaker 4: certain way. It's kind of hard to do that either
8:04
Speaker 4: way right now. You know, people can just make their
8:06
Speaker 4: own minds up.
8:07
Speaker 5: Well, that's true. And and also you know, we really
8:10
Speaker 5: don't know what the policies are going to be at
8:12
Speaker 5: to set the decision making on. So you know, you
8:15
Speaker 5: can give into the fear of it, and and and
8:18
Speaker 5: and bail out. But like you say, you risk the
8:24
Speaker 5: opposite of that when if if the anxiety is the highest,
8:28
Speaker 5: if it feels like the right thing to do, then
8:31
Speaker 5: it's probably the wrong thing to do when you're dealing
8:34
Speaker 5: with the market. And that that's what makes it so difficult,
8:38
Speaker 5: and and that's why a long term strategy that matches
8:42
Speaker 5: to your life goals is the more prudent way to
8:46
Speaker 5: manage your money and manage your finances and and not
8:50
Speaker 5: not tie it to the news cycle, but tie it
8:52
Speaker 5: to your personal news cycle, your personal events that you're
8:56
Speaker 5: you're planning for.
8:57
Speaker 3: I got a text that was over the weekend.
8:59
Speaker 4: And I have no idea if this was meant for
9:01
Speaker 4: our show or for another one of the shows that
9:03
Speaker 4: are going to come on the network. It could work
9:04
Speaker 4: for just about any of them. But there is a
9:06
Speaker 4: context here where it could work for you as well.
9:09
Speaker 4: And this person was sharing some data about I guess
9:15
Speaker 4: shipping in the United States where I guess the role
9:18
Speaker 4: call for shipping starting this week and then the futures
9:22
Speaker 4: for May and June are virtually nothing. Container ships, nothing
9:26
Speaker 4: on them. Nothing's coming into a lot of the ports
9:29
Speaker 4: where you're used to seeing this stuff. And that has
9:30
Speaker 4: to do with like tariffs, China, different things along those lines. Again,
9:34
Speaker 4: that's something that if you're I'll let you comment on this.
9:37
Speaker 4: But it seems like that something that's in the headlines.
9:39
Speaker 4: We don't really know how to apply that yet. I mean,
9:41
Speaker 4: you don't want to jump to conclusions on it. I
9:43
Speaker 4: mean it sounds bad, you know. You see, you know,
9:45
Speaker 4: the the articles that you see from the trades, and
9:47
Speaker 4: these aren't from from like you know, news outlets, but
9:51
Speaker 4: from like from the trades. When it comes to like
9:53
Speaker 4: shipping and things like that, they're concerned, you know, right,
9:56
Speaker 4: you know, they're concerned. It's not like up literal, They're like,
9:58
Speaker 4: there's nothing come being in. Shells are going to be empty.
10:02
Speaker 4: You gotta be careful when you start reading about stuff
10:04
Speaker 4: like that.
10:05
Speaker 5: Yeah, I mean, obviously, you know, you and I can't
10:09
Speaker 5: go poke around the shipyard and see what's going on there,
10:13
Speaker 5: so so you almost have to trust some of the
10:15
Speaker 5: news coming out and really look at the sources. But
10:18
Speaker 5: I think that it is reasonable to assume that the
10:21
Speaker 5: volume of shipments, particularly from China, are.
10:24
Speaker 3: Going to be much. Do you think so?
10:26
Speaker 2: Definitely.
10:27
Speaker 5: You know, you start to see articles out of China
10:29
Speaker 5: as well, people talking about China and the job losses
10:34
Speaker 5: and the factories closing down and that sort of thing.
10:37
Speaker 5: So you know, I think they're having quite a time
10:41
Speaker 5: trying to figure out how to deal with this as well.
10:44
Speaker 4: And keep in mind is two countries very tightly trying
10:47
Speaker 4: to control the narrative. Yeah, So I mean, don't you
10:50
Speaker 4: know you got to just do what's good for you,
10:51
Speaker 4: don't worry about those types of things. Yeah, this is
10:53
Speaker 4: pretty high level, it is.
10:55
Speaker 5: I mean, I think the reality is if depending on
10:58
Speaker 5: how far it gets pushed, I think the United States
11:01
Speaker 5: probably has the upper hand in this, in this deal
11:06
Speaker 5: a little more of the power. That doesn't mean it
11:09
Speaker 5: won't will happen without some pain over here. But but
11:16
Speaker 5: you know they have they have factories, and they have
11:19
Speaker 5: debt loads, and and if they're not producing and profitably producing,
11:25
Speaker 5: you know they're going to have some trouble.
11:26
Speaker 3: Well, they don't have us as rowdy as a population.
11:30
Speaker 3: Well probably for a reason.
11:32
Speaker 4: Well, I'm just saying that that when when we talk
11:35
Speaker 4: about when we talk about leverage in those cases, you
11:38
Speaker 4: got to consider the leverage that the people of this
11:40
Speaker 4: country exert that the people of that country do not exert.
11:43
Speaker 5: Absolutely that that is true.
11:45
Speaker 4: Which is why we love the country. I mean, right,
11:47
Speaker 4: that's exactly why we love our country. There's no doubt
11:50
Speaker 4: about that.
11:51
Speaker 5: You know, we'll see how that that all plays out.
11:53
Speaker 5: But those are things that are are to be revealed.
11:57
Speaker 5: I mean, those are not things that you can make
11:59
Speaker 5: a plan aund and.
12:00
Speaker 3: They should be the main characters of any decision that
12:02
Speaker 3: you're making right now.
12:03
Speaker 5: No, the main character of your decision should be, Hey,
12:07
Speaker 5: what are my goals? When am I going to retire?
12:09
Speaker 5: When am I going to need this money? And and
12:12
Speaker 5: let's structure it around that and that has nothing to
12:14
Speaker 5: do I guarantee you that ten years from now I
12:18
Speaker 5: shouldn't use the word guarantee. That's that's a no no
12:20
Speaker 5: in this business. But but ten years from now we're
12:23
Speaker 5: probably going to be talking about another topic.
12:27
Speaker 4: Yeah right, yeah, that's probably true. Another text that came in,
12:30
Speaker 4: By the way, you are welcome to texting. You can
12:31
Speaker 4: call as well. Phone numbers threes are four, three, four, five,
12:33
Speaker 4: fifty to fifty eight. Text line is threes are four
12:35
Speaker 4: non three, five, five zeros or eight. But was this
12:38
Speaker 4: the true this is from the seven to six zero
12:40
Speaker 4: nine hundred. Was this the true bottom of the market
12:42
Speaker 4: or it could be the bottom until the president makes
12:44
Speaker 4: another announcement. That's what you mean is you don't really know.
12:47
Speaker 3: I don't really know.
12:48
Speaker 5: You have no idea you know the bottom of the market.
12:52
Speaker 5: I mean just the process of a market bottom mean
12:55
Speaker 5: typically you know, it's not in a day event. It's
12:58
Speaker 5: a process. It's it's feeling its way out. You know,
13:02
Speaker 5: it hit the bottom. The fear was the greatest. It
13:04
Speaker 5: rallies up quite often, it will it will go back
13:09
Speaker 5: down a little bit and try to test and make
13:11
Speaker 5: sure that the bottom holds and before it bounces back,
13:15
Speaker 5: you know how. That's how it works most of the time. However,
13:19
Speaker 5: there are many times where we go and we hit
13:21
Speaker 5: a bottom and then we're off to the races again
13:25
Speaker 5: to the upside. I don't know how this is going
13:28
Speaker 5: to play out. I will say that that in most
13:34
Speaker 5: areas of the economy, the economy is not terrible still.
13:38
Speaker 5: You know, companies are still earning money and there's still
13:41
Speaker 5: some growth prospects out there. I think that's why these
13:46
Speaker 5: earnings coming out, we are going to be interesting to
13:48
Speaker 5: hear the narratives that the companies are giving. But you know,
13:53
Speaker 5: in most cases when we have a big bear market,
13:57
Speaker 5: there are some real economic shoes that have to be
14:01
Speaker 5: worked through. And right now these are certainly policy changes,
14:06
Speaker 5: but they're they're largely narrative, a news story until it
14:10
Speaker 5: all shakes out. You know, who knows how it was
14:13
Speaker 5: fundamentally The economy was fine before all this. So, I mean,
14:16
Speaker 5: we had Amy Smith.
14:17
Speaker 4: When in the Hotline earlier last week and somebody asked
14:21
Speaker 4: her the question, if the pressures go away, does that
14:23
Speaker 4: mean the economy basically just snaps back?
14:26
Speaker 3: And she was like, probably, yeah, you.
14:28
Speaker 4: Know, I mean, yeah, you know, there was nothing wrong
14:31
Speaker 4: with the economy underneath, underneath everything. If the pressures go away,
14:34
Speaker 4: it just comes back there.
14:36
Speaker 3: There's the market.
14:37
Speaker 5: Know, no big imbalance in any of the most of
14:40
Speaker 5: the economic numbers out there that would say, hey, we're
14:44
Speaker 5: ready for a big time recession.
14:47
Speaker 3: Right, Yeah, that's what.
14:48
Speaker 4: There's no other indicators that would suggest that other than
14:50
Speaker 4: the ones that are being kind of implemented. You know,
14:52
Speaker 4: if those go away, then that goes away.
14:54
Speaker 5: Right right, and and you know, these policies will will
14:59
Speaker 5: you know, I have a feeling that we're going to
15:01
Speaker 5: get some some you know, long term repercussions from some
15:06
Speaker 5: of these policies. I mean, I mean, we are a
15:09
Speaker 5: big consumer of particularly Chinese goods, who seems to be
15:13
Speaker 5: the the target I think probably for good reason. We'll
15:19
Speaker 5: see how it plays out with the rest of the world.
15:21
Speaker 5: You know, if if are there going to be these negotiations,
15:26
Speaker 5: are there going to be these deals, you know, you
15:28
Speaker 5: may have China out there as the as the the
15:33
Speaker 5: tariff situation that persists, and maybe you have you know
15:36
Speaker 5: a series of of of good news stories of from
15:39
Speaker 5: the rest of the world. I mean, we we just
15:41
Speaker 5: don't know how it's going to play out, but it
15:46
Speaker 5: will play out, and one day you'll need to retire
15:49
Speaker 5: right and you got to figure out how to get there.
15:52
Speaker 4: And a lot of this stuff is just going to
15:54
Speaker 4: be I mean, there might be places in the history
15:56
Speaker 4: book for it. There might be you know, things that
15:58
Speaker 4: people learning down the line from an economic standpoint or whatever,
16:01
Speaker 4: But the bottom line is, as far as it goes,
16:03
Speaker 4: those are history considerations, those are considerations for policies, different
16:06
Speaker 4: things like that. All of those are important to some degree.
16:09
Speaker 4: But the thing that we talk about here is your
16:10
Speaker 4: retirement and how you can use all of these different
16:13
Speaker 4: things and the tools in order to help yourself retire right.
16:15
Speaker 4: And the kind of the bottom line is is even
16:19
Speaker 4: with all the other stuff that's going on, the unrest
16:21
Speaker 4: and uncertainty from Tom to Tom, things that are being renegotiated,
16:25
Speaker 4: the opportunity for you to go upward and onward is
16:28
Speaker 4: always going to be there, and you just have to
16:30
Speaker 4: manage yourself correctly. Which is why we have John on
16:32
Speaker 4: here every week because what John gives you as an
16:34
Speaker 4: accessible path on how you can retire right, make smart
16:38
Speaker 4: investments into your financial future so that you're not left
16:41
Speaker 4: with a big gaping mall of uncertainty underneath you with
16:45
Speaker 4: when you're five years away from pulling the pin for retirement.
16:48
Speaker 5: Right right, Your outcome, the ability for you to achieve
16:51
Speaker 5: your goals, is largely controlled by your actions, not what
16:56
Speaker 5: goes on externally. You know, if you are living below
17:00
Speaker 5: your means, saving and investing consistently, how are you not
17:05
Speaker 5: going to be better off than if you weren't doing that.
17:09
Speaker 5: You know, even if you don't get exactly to where
17:11
Speaker 5: you want to be, fully, you're moving towards that goal
17:14
Speaker 5: for sure by the actions you're taking, regardless of what
17:17
Speaker 5: the market does. And there's there's really nothing else that
17:22
Speaker 5: you that you have to know other than Okay, I
17:26
Speaker 5: live in my world and I control a lot of.
17:30
Speaker 3: Things in that.
17:31
Speaker 5: Do you exert that control or do you allow a
17:34
Speaker 5: news story to take over that control? Do you want
17:39
Speaker 5: somebody else impacting you that way? Will choose not to
17:43
Speaker 5: choose to control your situation, because that's you know, I've
17:47
Speaker 5: done this for twenty some odd years. People that come
17:51
Speaker 5: across my desk and I talk to you that are
17:54
Speaker 5: successful half the time, you know, they don't even they
17:58
Speaker 5: didn't even know what their account was doing.
18:01
Speaker 3: Right, Yeah, those years.
18:03
Speaker 5: But they knew they were saving, they knew they were
18:06
Speaker 5: paying off their debts. You know, they knew that they
18:09
Speaker 5: were living within their means, and they ended up getting
18:13
Speaker 5: to places that a lot of times they were shocked
18:17
Speaker 5: at how well they did at the end. And it
18:20
Speaker 5: has you know, has nothing to do with the news.
18:23
Speaker 4: Yeah, and it has everything to do with with things
18:25
Speaker 4: are a lot more complicated, I mean, frankly, but things
18:28
Speaker 4: that we know that work and things that if you
18:31
Speaker 4: i mean literally just put one foot ahead of the
18:32
Speaker 4: other end you follow your plan generally, Seeing what was
18:34
Speaker 4: the numbers we came up with last week, the people
18:36
Speaker 4: that were that you found that people that were satisfied
18:40
Speaker 4: their retirement was seventy five percent, three out of four
18:43
Speaker 4: or something like that. I mean, those are the people
18:45
Speaker 4: that just followed the process. You know, they didn't necessarily
18:48
Speaker 4: time the market perfectly at some point when they're in
18:50
Speaker 4: their forties and that set up their retirement or whatever.
18:53
Speaker 4: They simply just followed the process. At the end of
18:55
Speaker 4: the process, hey I'm ready to retire and everything's good.
18:58
Speaker 4: That's where you want to be. You want to kind
18:59
Speaker 4: of forget about it. You want to be like, hey,
19:01
Speaker 4: I'm going to retire and you're talking to your advisor,
19:03
Speaker 4: can I do it? And they're like, yeah, that's basically
19:05
Speaker 4: the conversation you want.
19:06
Speaker 5: And I promise you that that, you know, ten years
19:09
Speaker 5: from now, we're not going to be talking about this.
19:12
Speaker 5: We're going to be talking about some other big issue.
19:15
Speaker 5: And that's the way it works.
19:17
Speaker 3: You know.
19:18
Speaker 5: Over the course that we've done the show the last
19:20
Speaker 5: handful of years, look at all the different things that
19:22
Speaker 5: have come up that were world ending if you followed
19:25
Speaker 5: the headlines, you know, we've had COVID, We've had you know,
19:29
Speaker 5: currency problems and debt problems.
19:32
Speaker 3: Was terrible.
19:32
Speaker 4: I mean, we're already passive that and we kind of
19:35
Speaker 4: talk about it, you know, in the rear view mirror
19:37
Speaker 4: a little bit, but that.
19:38
Speaker 3: Was horrible, you know, I mean just absolutely terrible.
19:40
Speaker 5: Before the show, we had the housing crisis, we had
19:42
Speaker 5: all of these were huge news stories that consumed everyone's thoughts.
19:48
Speaker 5: But look at what the market has done since then.
19:51
Speaker 5: And do you allow those external events to basically rule
19:55
Speaker 5: over you or do you take agency over it and
20:00
Speaker 5: and tackle, you know, the issues that are in your
20:03
Speaker 5: sphere of control.
20:04
Speaker 4: The agency is the big part there, John Burdett is
20:07
Speaker 4: here this morning with retire Right Radio for Fourth Avenue
20:09
Speaker 4: Financial online, Fourth Avenue Financial dot Com. Fourth Avenue Financial
20:12
Speaker 4: dot Com located one seventy Court Street, Downtown Charles and
20:15
Speaker 4: get you the rest of their information here a little
20:17
Speaker 4: bit later on. What we're going to do now is
20:18
Speaker 4: we want to go and take our break. When we
20:19
Speaker 4: come back, we're going to talk a little bit about
20:21
Speaker 4: some of the financial rules of thumb and how they
20:23
Speaker 4: may or may not apply to your life, exactly what
20:24
Speaker 4: they mean, and how maybe you can use those to
20:27
Speaker 4: gain some insights into some investing in your life. We're
20:29
Speaker 4: going to take a break and come back right after this.
20:31
Speaker 4: You're more than welcome to give us a call with
20:32
Speaker 4: your questions about either a rules of thumb or you're
20:35
Speaker 4: trying to develop your own rule and you need some
20:37
Speaker 4: help doing it. You can give us a call this morning.
20:38
Speaker 4: Three zero four three four five fifty eight fifty eight
20:40
Speaker 4: three zero four three four five fifty eight fifty You're
20:42
Speaker 4: listening to retire Right Radio with John Bredet for Fourth
20:44
Speaker 4: Avenue Financial.
20:45
Speaker 3: I'm Del Cooper. This is WCCHS, the Voice of Charleston.
20:48
Speaker 4: Retire Right Radio was sponsored by Fourth Avenue Financial, which
20:51
Speaker 4: is solar responsible for its content. Security is offered through
20:53
Speaker 4: jw CALL Financial member Fenricipic. Investment advice offered through jw
20:57
Speaker 4: CO Advisors. Fourth Avenue Financial, jw CL Financial and JW
21:00
Speaker 4: CO Advisors are unaffiliated entities. The opinions expressed by John
21:04
Speaker 4: Bredett should not be construed as specific investment, legal, or
21:06
Speaker 4: tax advice. All economic and performance information is historical and
21:10
Speaker 4: not indicative of future results. Investing may involve risk of
21:13
Speaker 4: loss of principle. Any tax advice on this show is
21:16
Speaker 4: not intended to be used by any person for the
21:17
Speaker 4: purpose of avoiding US federal or state tax penalties that
21:21
Speaker 4: may be imposed on such a person, and each listener
21:23
Speaker 4: should seek advice from their tax advisor or legal console
21:26
Speaker 4: on topics that arise from the show. John Bredett is
21:29
Speaker 4: not providing legal or tax advice. Nothing should be construed
21:32
Speaker 4: as solicitation of an offer to buy securities. This program
21:35
Speaker 4: is sponsored by Fourth Avenue Financial, which is solely responsible
21:38
Speaker 4: for its content.
21:38
Speaker 6: Retirement is more than a dream, It's a destination, Yet
21:42
Speaker 6: the journey can feel uncertain. At Fourth Avenue Financial, they
21:45
Speaker 6: guide you with expertise and care. They help you navigate
21:47
Speaker 6: the questions, am I on the right track? Or how
21:49
Speaker 6: do I ensure lasting income? Tailoring plans to your unique vision.
21:53
Speaker 6: They bring peace of mind to your retirement journey. Trust
21:55
Speaker 6: in their experience, proven through every Market's EBB and flow.
21:59
Speaker 6: Fourth Avenue Financial Retirement Done Right. Get started at Fourth
22:02
Speaker 6: Avenue Financial.
22:03
Speaker 2: Dot com securities offered through jenauc Financial Incorporated. Remember fin
22:06
Speaker 2: Recipent advisory services offer through Jenibu Co Advisors Incorporated.
22:10
Speaker 7: Whether you're starting your career or looking to advance. Bridge
22:13
Speaker 7: Valley Stackable Credentials let you earn certifications and credentials while
22:17
Speaker 7: working towards a degree. Flexible, affordable, and one hundred percent
22:20
Speaker 7: online learn work and achieve your goals on your own time.
22:25
Speaker 7: Get certifications like QuickBooks, Lean, SIIC, Sigma and more and
22:28
Speaker 7: stack those credits toward a degree and you may be
22:31
Speaker 7: eligible to go tuition free with West Virginia Invests. Bridge
22:35
Speaker 7: Valley Stackable Credentials for career growth.
22:38
Speaker 2: Enroll today.
22:39
Speaker 8: This is Retire Right Radio with John Burdett from Fourth
22:43
Speaker 8: Avenue Financial, taking your calls at three oh four three
22:47
Speaker 8: four five fifty eight fifty eight or texts on three
22:50
Speaker 8: oh four nine three five fifty oh eight.
23:02
Speaker 4: You're listening to Sue the voice of Charleston Bob ad
23:05
Speaker 4: w c HS. I'm tell Cooper thank you so much.
23:07
Speaker 4: As Jimmy Hendrix is bringing us back in this morning.
23:10
Speaker 4: John Burdett is here as well from Fourth Avenue Financial.
23:13
Speaker 4: We're taking your phone calls, we're taking your text anything
23:15
Speaker 4: you want to get in get in on this morning.
23:16
Speaker 4: You're welcome to give us a call or a text.
23:18
Speaker 4: Three zero four three four five fifty eight fifty eight.
23:20
Speaker 4: Three zero four three four five fifty eight fifty eight.
23:22
Speaker 4: We have a couple of texts that are coming in
23:24
Speaker 4: the text line for we're in the new studio where
23:26
Speaker 4: we can take phone calls, and now the text line
23:28
Speaker 4: is getting fired. Let's say we have a text from
23:31
Speaker 4: the seven six zero. It's a good point to mention
23:33
Speaker 4: America's being unruly compared to the Chinese. The Chinese can
23:36
Speaker 4: clamp down the way that we can't hear. Could that
23:39
Speaker 4: give this is getting Could that give China more more leverage?
23:44
Speaker 4: That's what we don't know. I mean, that's kind of
23:46
Speaker 4: what I was indicating too, that that we worry about
23:49
Speaker 4: our people here. The government does obstensibly worry about the
23:53
Speaker 4: populace where other countries don't.
23:54
Speaker 5: Necessarily, we generally are not going to run over our
23:57
Speaker 5: citizens with tanks, So right, I think, you know, for
24:01
Speaker 5: those that remember that, that's that's certainly, you know, certainly
24:07
Speaker 5: something out there. But the reality is if people over
24:10
Speaker 5: there are hungry and unable to pay their bills, I mean,
24:14
Speaker 5: there will be some unrest. Potentially.
24:17
Speaker 3: We'll see how it plays out.
24:18
Speaker 5: I don't know, you know, and it's hard to tell
24:20
Speaker 5: if this is even going to be a long term
24:23
Speaker 5: thing or if there'll be some kind of of a
24:25
Speaker 5: compromise somewhere. But I mean, there are certainly some issues
24:29
Speaker 5: with Shaina that need to be worked out, in my opinion,
24:32
Speaker 5: and you know, maybe this is what it takes to
24:35
Speaker 5: create a catalyst for that action to happen.
24:37
Speaker 4: Yeah, and kind of like I did the UH, the
24:40
Speaker 4: intellectual theft and UH in China. If you don't understand
24:44
Speaker 4: it xactly, and I'll include myself among that. You hear
24:47
Speaker 4: about it in the abstract a lot and you're like,
24:48
Speaker 4: oh man, that's terrible, but what exactly does it mean.
24:51
Speaker 4: I've done some recent research into exactly what it means.
24:53
Speaker 4: It's it is terrible, and it is obvious, and it
24:58
Speaker 4: does cost innovators and people with the original ideas that
25:02
Speaker 4: especially from the western part of the world, it costs
25:05
Speaker 4: them money marketplace. I mean, it is an actual, very
25:10
Speaker 4: huge issue.
25:10
Speaker 5: And there are issues with you know, state backed companies.
25:15
Speaker 5: They'll come in and and basically acquire other companies and
25:21
Speaker 5: other countries and then strangle them out and you know,
25:25
Speaker 5: close those factories down to basically stranglehold certain industries and
25:32
Speaker 5: that is not fair competition or fair trade, right, So
25:36
Speaker 5: there are definitely issues. I don't know if this is
25:39
Speaker 5: you know, it's above my pay grade to know if
25:41
Speaker 5: what we're doing right now is the right way to
25:43
Speaker 5: solve those issues. But they're certainly being talked about now,
25:48
Speaker 5: so we'll see what happens.
25:49
Speaker 4: When we talk about some of the rules of spending
25:52
Speaker 4: and savings and some of the things that are out there.
25:54
Speaker 4: We talk about these things all the time. Sometimes there's
25:57
Speaker 4: expressions going into times of year, you know, that that
26:00
Speaker 4: sort of rules of thumbs that people learn to live by.
26:03
Speaker 4: But there's a lot of things in the financial industry
26:05
Speaker 4: that are kind of not rules, but sort of ideas
26:10
Speaker 4: that have been around for a long time that generally
26:12
Speaker 4: under general situations work a lot, and there's a lot
26:16
Speaker 4: of different ratios and scenarios and things along those lines.
26:19
Speaker 4: But what's the most probably the most common ones that
26:21
Speaker 4: you run across and the ones that you find that
26:24
Speaker 4: you get the most discussion out of.
26:27
Speaker 5: Well, I'd say the number one is, am I on
26:30
Speaker 5: track for retirement?
26:32
Speaker 3: You know?
26:32
Speaker 5: And there are lots of rules with them, lots of
26:34
Speaker 5: benchmarks there that people use for that. There's the twenty
26:40
Speaker 5: five times rule. You know, what is your income. Multiply
26:43
Speaker 5: of that by twenty five. That's how much money you
26:46
Speaker 5: have you should have for retirement. You know, that tells
26:49
Speaker 5: if you're on track. There's the age base savings rule.
26:54
Speaker 5: That's another way to determine if you're on track. If
26:57
Speaker 5: you're thirty years old, you need about one time's your
26:59
Speaker 5: salary saved for retirement. If you're forty you need three times,
27:03
Speaker 5: if you're fifty you need six times, if you're sixty
27:06
Speaker 5: you need eight times, and by retirement you need ten times.
27:10
Speaker 5: So that kind of gives you an idea, you know,
27:12
Speaker 5: I am my own track or not. Now, these are
27:14
Speaker 5: rules of thumb. Everybody's situation is different, but you know,
27:18
Speaker 5: this kind of a barometer that you can look at
27:20
Speaker 5: and say, hey, I'm generally okay, or or oh, I
27:23
Speaker 5: really need to get to work on this.
27:26
Speaker 4: And a lot of these help you when you're looking
27:29
Speaker 4: for a place to start. I ran into a lot
27:30
Speaker 4: of this when I was looking at trying to find
27:33
Speaker 4: ways to lose weight or whatever.
27:35
Speaker 3: You can.
27:35
Speaker 4: You can find a formula that works for you or
27:39
Speaker 4: something that that whatever reason matches up with your with
27:42
Speaker 4: with your mind more. I mean, some of these, depending
27:45
Speaker 4: on how you access it, might mean the same things
27:47
Speaker 4: in the long run, but you just come about it
27:49
Speaker 4: from a different way. The fifty thirty twenty rule, for example,
27:51
Speaker 4: is one of the things one here, which is simply
27:53
Speaker 4: that you you spend fifty percent on your needs that's
27:56
Speaker 4: your like your moregegs or whatever it is, that you
27:58
Speaker 4: have thirty percent on your once and you save twe
28:00
Speaker 4: From an abstract standpoint, that seems pretty fair, right, I mean,
28:03
Speaker 4: that's thirty percent on your once.
28:04
Speaker 3: That's a lot. Yeah. Yeah.
28:06
Speaker 5: And and there again, these are not ratios that necessarily
28:10
Speaker 5: are in you know, cement that you can't move. These
28:15
Speaker 5: are benchmarks. You know, somebody might not have a mortgage,
28:19
Speaker 5: for instance, so they're probably not going to spend as
28:21
Speaker 5: much on their on their needs, so they may can
28:24
Speaker 5: spend more on their wants and their savings. So it's
28:27
Speaker 5: it's not set in stone, but they're just good rules
28:31
Speaker 5: of thumb to think, Okay, if I'm if I'm trying
28:33
Speaker 5: to gauge whether I'm on the right track or not,
28:36
Speaker 5: these can be helpful in doing that. But it's certainly
28:39
Speaker 5: not a rule that as an individual, you know, might
28:43
Speaker 5: might be specifically for you. It's just it's just godposts
28:46
Speaker 5: that we're using, and.
28:48
Speaker 4: It helps you think about things from a certain standpoint
28:50
Speaker 4: that makes you a little bit more cognizant of what's
28:52
Speaker 4: going on. I really like the thought. You know, we
28:55
Speaker 4: talk about emergency funds a lot, and I'm somebody that
28:57
Speaker 4: I've gone through, so I've taken the ticket. As far
29:01
Speaker 4: as income goes, I've made over six figures before when
29:04
Speaker 4: I was in my twenties, I've struggled to put together
29:06
Speaker 4: soup for maldy to make a meal. I mean, I've
29:08
Speaker 4: been a as a as a single person, I've lived
29:11
Speaker 4: at all up and down. But the one thing that
29:14
Speaker 4: is consistent among that is that if you live within
29:18
Speaker 4: your means, and that's the important thing that you have
29:20
Speaker 4: to do. There you find a way to live within
29:22
Speaker 4: your means. Regardless of where your situation is. You could
29:25
Speaker 4: fluctuate through the course of your life. Twenty percent of
29:27
Speaker 4: your income when you're thirty might be different than what
29:30
Speaker 4: it is when you were fifty. But if you consistently
29:32
Speaker 4: put those things away and you live by that discipline,
29:34
Speaker 4: you're going to get to the right end by the
29:35
Speaker 4: time it's over with.
29:37
Speaker 3: Oh, no doubt about it.
29:38
Speaker 5: I mean, you know, the it's not how much money
29:40
Speaker 5: you make, it's what you do with the money that
29:42
Speaker 5: you make. And there again talking about agency, that puts
29:46
Speaker 5: that that control in your hands. You know, you control
29:49
Speaker 5: how much money you spend. You control how much money
29:52
Speaker 5: you save. And you know largely if you if you
29:57
Speaker 5: set that up and you follow that plan, you're going
29:59
Speaker 5: to get to where you need to be almost without
30:02
Speaker 5: fail Like you say, just practically speaking, looking at history,
30:08
Speaker 5: you know, if you're creating fifteen twenty percent savings out
30:12
Speaker 5: of your earnings, I don't care what the market does,
30:16
Speaker 5: you're going to have more savings and investment than most people.
30:18
Speaker 9: Yeah.
30:19
Speaker 4: And the way that these things layer on top of
30:20
Speaker 4: each other. I mentioned I mentioned the emergency fund a
30:23
Speaker 4: moment ago. The reason you have an emergency fund is
30:25
Speaker 4: because it protects the rest of your assets. Like I said,
30:28
Speaker 4: I've been in both of those situations before. I've been
30:30
Speaker 4: in a situation where I've had to borrow against assets
30:32
Speaker 4: to pay off a situation that came up out of
30:34
Speaker 4: nowhere where I didn't have the money to pay it off.
30:36
Speaker 4: The only thing I could do was borrow against my assets,
30:38
Speaker 4: and it was a paid frankly, a pain in the
30:41
Speaker 4: rear to pay it back and to get it taken
30:42
Speaker 4: care of and everything else. I've also been in the
30:44
Speaker 4: situation where something came up a couple thousand dollars that
30:48
Speaker 4: in another time in my life it would have been
30:50
Speaker 4: I would have had to borrow figure out a way
30:51
Speaker 4: to do it, but I had the emergency fund. I
30:53
Speaker 4: was able to tap into that cash. And brother, let
30:55
Speaker 4: me tell you, it is so much easier when you
30:57
Speaker 4: have that money set aside and you don't have to
30:58
Speaker 4: stress about it. You're like, well, it's a shame, tam
31:00
Speaker 4: that I have to take this out of my emergency fund.
31:02
Speaker 4: But at least I had it in my emergency fund,
31:03
Speaker 4: and then you can work at building.
31:04
Speaker 5: It back and you realize it's like you're paying it forward. Yeah, absolutely,
31:09
Speaker 5: because it's not in life. Will emergencies happen? We know
31:13
Speaker 5: they will, yes, and so it shouldn't be really an
31:17
Speaker 5: unexpected emergency that the nature of the emergency might be unexpected.
31:21
Speaker 5: You don't know what's going to be what it's going
31:23
Speaker 5: to be, but you certainly know that life will throw
31:26
Speaker 5: some curveballs at you that will take some money to solve,
31:30
Speaker 5: and so lack of planning there is a big issue.
31:34
Speaker 5: That's that's what gets a lot of folks into consumer debt,
31:38
Speaker 5: into debt to begin with trying to get out of
31:41
Speaker 5: those emergencies, and then they're stuck paying that interest, which
31:44
Speaker 5: then evaporates your ability to create savings and investment because
31:50
Speaker 5: now you're paying interest, you're not paying it to yourself
31:53
Speaker 5: an interest compounding over time is the most powerful tool
31:59
Speaker 5: you have into saving for retirement. That's one of the
32:02
Speaker 5: rules of thumb. One here the rule of seventy two.
32:05
Speaker 5: You know, if you want to know how a lot
32:08
Speaker 5: of Fountain folks are like, oh, you know, I'm not
32:10
Speaker 5: getting anywhere with my compounding. Well, the rule of seventy
32:14
Speaker 5: two will tell you how long it takes for your
32:16
Speaker 5: money to double. And so you take the rate of
32:19
Speaker 5: return and divide it into seventy two and that roughly
32:22
Speaker 5: tells you how many years it takes to double. So
32:24
Speaker 5: if you get a ten percent return, roughly seven point
32:27
Speaker 5: two years, you will double your money. That means in
32:31
Speaker 5: fourteen years it will double again, so now you four
32:35
Speaker 5: times your money. You see, it compounds and it escalates.
32:39
Speaker 5: That's why when you look at financial charts they look
32:41
Speaker 5: like hockey sticks because they grow exponentially over time. And
32:47
Speaker 5: the faster you compound, the faster you get to that
32:50
Speaker 5: that you know, steep up slope on the charts, And
32:54
Speaker 5: that's what you're trying to do. When you're saving. It's
32:57
Speaker 5: first it feels like you're not getting anywhere because you're
32:59
Speaker 5: doing all the work yourself, you're creating the savings. But
33:03
Speaker 5: eventually the growth of the investment outstrips your ability to
33:09
Speaker 5: even even save as much. You know, that's where you
33:12
Speaker 5: get to the point where it's almost inevitable that you
33:16
Speaker 5: find financial success.
33:18
Speaker 4: The one time in school that I took I actually
33:20
Speaker 4: took a like a There was an elective math class
33:24
Speaker 4: in high school. When I went to high school, that
33:25
Speaker 4: was that was for like life math or something, I
33:27
Speaker 4: can't remember. It was considered sort of a like an
33:29
Speaker 4: athlete's class or or whatever. Right, it wasn't supposed to
33:31
Speaker 4: be all that hard, but it was actually extraordinarily informative.
33:35
Speaker 4: Like I took a lot away from that. And one
33:36
Speaker 4: of the exercises that you did there was the penny
33:39
Speaker 4: exercise with compounding interest. You know, it blows you away
33:42
Speaker 4: when you're like, you start with the cent, you double
33:43
Speaker 4: the cent, you have two cents, then you have four,
33:45
Speaker 4: then you have eight, then you have sixteen thirty. Pretty soon,
33:47
Speaker 4: like once you get from from thirty two to sixty
33:49
Speaker 4: four and then you're doubling sixty four, you're like, wait,
33:51
Speaker 4: we're already up into a dollar. Then we're into two,
33:53
Speaker 4: then we're into four dollars, then we're into this eight.
33:54
Speaker 4: I mean, it goes in no time, you know, And
33:57
Speaker 4: if you.
33:57
Speaker 5: Follow that out, I believe it's like five point three
34:01
Speaker 5: or four million dollars in thirty days from a penny doubling,
34:06
Speaker 5: and you know, then thirty one days it's ten million.
34:09
Speaker 5: You know, it just becomes absurd. The math becomes absurd
34:12
Speaker 5: at some point, and of course your investments aren't going
34:15
Speaker 5: to double every day, no exercise, but it shows you
34:18
Speaker 5: the power of that compounding interest, and that's working for
34:22
Speaker 5: you when you're saving, and when you're having consumer debt,
34:26
Speaker 5: when you're having credit card debt, that compounding interest is
34:30
Speaker 5: working against you. And which way would you rather have
34:34
Speaker 5: it working? You'd rather have it working in your favor.
34:39
Speaker 5: So that is your most powerful tool. You've got to
34:42
Speaker 5: harness that. And that's also why it makes sense. The
34:46
Speaker 5: younger you are, the more you can do, the quicker
34:49
Speaker 5: you can get yourself in your financial life and order,
34:52
Speaker 5: the more success you're going to have, and the easier
34:54
Speaker 5: it's going to be.
34:56
Speaker 4: It doesn't even have to be large substantial amounts to
34:59
Speaker 4: start with.
34:59
Speaker 3: You know you can.
35:00
Speaker 4: You can create your retirement based off of just what
35:03
Speaker 4: you have that's going on. You just have to start
35:05
Speaker 4: at some point and to work forward on it. And
35:08
Speaker 4: if you do that, then you are going to find
35:09
Speaker 4: the way where you can retire right. You can find
35:11
Speaker 4: out more information about John Burdad online. It's Fourth Avenue
35:14
Speaker 4: Financial dot Com. Fourth Avenue Financial dot Com is located
35:17
Speaker 4: at one seventy Court Street in downtown Charleston, and every
35:22
Speaker 4: Monday morning. We have retire Right Radio right here on
35:25
Speaker 4: five ed W CHS. The number four fourth Avenue Financial
35:29
Speaker 4: is three zero four seven four six seven on seven
35:30
Speaker 4: seven three zero four seven four six seven on seven
35:32
Speaker 4: seven located one seventy Court Street, downtown Charleston, Fourth Avenue
35:35
Speaker 4: Financial dot com. You can go to WHS network dot
35:38
Speaker 4: com slash retire right and find any of our archive
35:41
Speaker 4: of shows at this point that goes back years that
35:43
Speaker 4: you can listen to the program. And then every Monday,
35:45
Speaker 4: about an hour or so after our program is over,
35:47
Speaker 4: you can find retire right Radio. The most recent episode
35:50
Speaker 4: will be up on there. Then a lot of we
35:52
Speaker 4: covered a lot of ground this morning. We still have
35:54
Speaker 4: some of these some of these rules of thumbs that
35:56
Speaker 4: we can go over on on future episodes because there's
35:58
Speaker 4: a lot of things in here that that really I
36:01
Speaker 4: think inspire a lot of discussion.
36:02
Speaker 3: Yeah, no doubt about it.
36:03
Speaker 5: Keeps your mind focused and on the things you control
36:07
Speaker 5: and just get started, get your right foot forward.
36:11
Speaker 4: That's great stuff with John Bradet from Fourth Avenue Financial.
36:13
Speaker 4: As always, we'll see you back here next Monday morning
36:16
Speaker 4: at eight twenty. By the way, I got another text
36:18
Speaker 4: right before we left the airway from the three zero
36:20
Speaker 4: four non nine three just talks about how they wanted
36:23
Speaker 4: to equate the national economy with how somebody should run
36:27
Speaker 4: their own economy. You know, we're spending too much and
36:29
Speaker 4: not saving enough, so of course we're going broke as
36:31
Speaker 4: a nation, which isn't a bad analogy. But what this
36:34
Speaker 4: person also says is they get up every Monday morning
36:37
Speaker 4: looking forward to this show. So thank you so much, great,
36:39
Speaker 4: thanks so much. We appreciate that. Thank you so much
36:41
Speaker 4: for tuning in. That's going to do it for us.
36:42
Speaker 4: Dave Allen is up next with five eight Live. I'll
36:44
Speaker 4: be back this afternoon at three or six with Dave
36:45
Speaker 4: Weekly on hotline. Have our great day everyone on five
36:48
Speaker 4: eight WCHS the Voice.
36:49
Speaker 9: Of Charleston, WHSA two four three d RFM Charleston two
37:00
Speaker 9: three a Q Cross Lanes, a WVRC media station.
37:04
Speaker 2: We're proud to live here too.