Latest / WCHS Network Podcasts / 01/27/2025 Retire Right Radio with John Burdette

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01/27/2025 Retire Right Radio with John Burdette · WCHS Network Podcasts

• 0:00
  Speaker 1: Unlock your dream property with Meeks Realty Group, where Rich
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  Speaker 1: the realtor makes real estate dreams a reality, whether it's
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  Speaker 1: residential or commercial. We've got Charleston to Huntington covered. Your
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  Speaker 1: key to exceptional real estate experience is start here Meeks Realtygroup.
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  Speaker 1: Contact us at Meeks dot us.
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  Speaker 2: The views and opinions expressed on this program do not
• 0:18
  Speaker 2: necessarily reflect the views and opinions of five eight WCCHS
• 0:22
  Speaker 2: its employees or WVRC Media. This is retire Right Radio,
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  Speaker 2: a weekly show from John Verdet at Fourth Avenue Financial
• 0:31
  Speaker 2: that aims to answer your questions about financial planning, investing,
• 0:35
  Speaker 2: and how to retire rite. Fourth Avenue Financial is located
• 0:38
  Speaker 2: in downtown Charleston at one seventy Court Street. More information
• 0:42
  Speaker 2: online at Fourth Avenue Financial dot com. Join the conversation
• 0:47
  Speaker 2: by calling three oh four three four five fifty eight
• 0:49
  Speaker 2: fifty eight or text three oh four nine three five
• 0:53
  Speaker 2: fifty oh eight. On Retire Right Radio, Let's go live
• 0:57
  Speaker 2: to the studio with host Dale Cooper and John Verdet
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  Speaker 2: on Fourth Avenue Financial.
• 1:01
  Speaker 3: NHS, the Voice of Charleston. Thank you for tuning in
• 1:07
  Speaker 3: on this Monday morning. Did you notice something outside that
• 1:10
  Speaker 3: you can. You can get into your car and it's
• 1:12
  Speaker 3: not super it's not super cold outside. Things aren't froze together.
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  Speaker 3: You can open up your door. You probably didn't have
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  Speaker 3: to scrape your windows this morning. It's kind of nice
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  Speaker 3: to come to work on a Monday morning and it
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  Speaker 3: be kind of normal.
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  Speaker 4: It feels kind of normal.
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  Speaker 5: Feels pretty good. I actually washed some of the salt
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  Speaker 5: off the car yesterday.
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  Speaker 3: I need to do that too. I didn't get around
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  Speaker 3: to that because I had a busy weekend. But that's
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  Speaker 3: something I need to get to as well. That voice
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  Speaker 3: that you hear, of course on a Monday morning, that
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  Speaker 3: meets us John bre Debt f for Fourth Avenue Financial,
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  Speaker 3: and you can learn how to retire right this morning,
• 1:39
  Speaker 3: or get assistance to get there. Give us a call
• 1:40
  Speaker 3: three zero four three four two eight one three one
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  Speaker 3: three zero four three four two eight one three one.
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  Speaker 3: You can text any questions you have over to John
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  Speaker 3: at three zero four nine three five five zero zero eight.
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  Speaker 3: More information on non Fourth Avenue Financials where John makes
• 1:52
  Speaker 3: his home. Fourth Avenue Financial dot com. You spell out
• 1:54
  Speaker 3: the whole thing Fourth Avenue Financial on Facebook and put
• 1:57
  Speaker 3: a dot com behind it, and do it on the
• 1:58
  Speaker 3: web and you can find all themation that you might need.
• 2:02
  Speaker 3: So weather's breaking, So that's nice. It doesn't have anything
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  Speaker 3: to do with the stock market, but just from a
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  Speaker 3: sentiment standpoint, it makes me in a happier mood anyway,
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  Speaker 3: Oh me too.
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  Speaker 4: You know.
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  Speaker 5: It even helps out down at the vintage and vines
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  Speaker 5: the record shop there, you right, you know, we're selling
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  Speaker 5: a lot more records when the weather's good. People don't
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  Speaker 5: come out and shops.
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  Speaker 4: Oh for sure.
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  Speaker 3: Last week I was one of the last really cold
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  Speaker 3: days that we had before it started getting warmer. I
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  Speaker 3: was clean, scraping my car off and everything, you know,
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  Speaker 3: and I got down to the to the base of
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  Speaker 3: the window of my driver'side car and I hit the
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  Speaker 3: little rubber bladder you know that keeping it just broke off.
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  Speaker 3: It was so frozer, just just broke off. What do
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  Speaker 3: you do man, in the middle of this kind of weather.
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  Speaker 3: So I'm glad that the fall is in as far
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  Speaker 3: as the weather goes, hopefully you'll stay that way as
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  Speaker 3: far as the market goes.
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  Speaker 5: Yeah, I mean, we had a great, great week last week.
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  Speaker 5: It was up across the board. Tech stocks were up,
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  Speaker 5: but the broader market was up even more than that nice,
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  Speaker 5: which is a good thing. The deal coming into this
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  Speaker 5: week is already up four point four percent for the year,
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  Speaker 5: and the S and P is up three point seven
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  Speaker 5: and the Nasdaq tech stocks up three point three, so
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  Speaker 5: you can see the broader market is now outperforming, which
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  Speaker 5: we've talked about. This is a good sign that broadening
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  Speaker 5: of the market. That's what it's going to take, I think,
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  Speaker 5: to drive the market forward. There was some news out
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  Speaker 5: this morning about some Chinese AI I think they call
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  Speaker 5: it Deep Seek, supposedly challenging the efficiencies of some of
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  Speaker 5: the of our big tech companies. AI offerings are questioning,
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  Speaker 5: you know, whether it's necessary to spend so much on
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  Speaker 5: data centers and chips and things like that. Apparently they're
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  Speaker 5: claiming they have a more efficient way of doing things.
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  Speaker 5: So we'll see, and that spooks the tech stocks this
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  Speaker 5: morning quite a bit on that new So, you know,
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  Speaker 5: is that something that is a real threat or is
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  Speaker 5: that a story that's being used as a way to
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  Speaker 5: take a breather from some of the exuberants we've had
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  Speaker 5: around the around those tech stocks. That remains to be seen.
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  Speaker 4: It would be so.
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  Speaker 3: I mean not that I think that this would happen,
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  Speaker 3: or if it's even likely or anything else, but it
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  Speaker 3: would be something as suddenly the video became obsolete after
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  Speaker 3: a year the year of the video last year, or
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  Speaker 3: at least, you know, the six months of the video
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  Speaker 3: last year for something like that to actually happen. But
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  Speaker 3: just take the country out of it, you know, because
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  Speaker 3: you put the China Spectr up there, and people get
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  Speaker 3: a little nervous over stuff like that. But generally that's
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  Speaker 3: how technology works. I mean, you know, somebody comes along
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  Speaker 3: with a better idea to improve on the one that
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  Speaker 3: came before. Hopefully it's your people that's doing it. If
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  Speaker 3: it's not, man, that's just the way things go. If
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  Speaker 3: it's not, you know, unfortunately.
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  Speaker 5: Yeah, yeah, we'll see. I mean one news story doesn't quite.
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  Speaker 3: Exactly yeah, you know, and we all know that this
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  Speaker 3: AIS space is a rife with fraud and grand gestures
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  Speaker 3: that don't really amount much of anything. So we'll see
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  Speaker 3: how Yeah.
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  Speaker 5: I mean it, Well, in the video, I think it's
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  Speaker 5: it's pre market maybe down ten percent, well it can
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  Speaker 5: be down ten percent, but it's up you know, three
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  Speaker 5: hundred percent in the last you know, year or so,
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  Speaker 5: so I think, you know, if you're a a long
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  Speaker 5: term holder, You're still a pretty good shape there. But
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  Speaker 5: uh uh, it's just a reminder that, you know, things
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  Speaker 5: don't move in a straight line. There's always ups and downs.
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  Speaker 5: And I think there's a and I've received a few
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  Speaker 5: calls since the election, you know, clients that want to
• 5:35
  Speaker 5: move into more aggressive portfolios, for instance, if they were
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  Speaker 5: Trump supporters. Oh, you know, things are all all great.
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  Speaker 5: Now I'm going to be able to make money and
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  Speaker 5: and you know, hopefully that is true over the course
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  Speaker 5: of time. But you know, just because somebody changes the
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  Speaker 5: policy changes doesn't mean that instantly stocks don't behave like stocks,
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  Speaker 5: they go up and down. Diversify cation is still important,
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  Speaker 5: and if everybody herds into the same thing in the
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  Speaker 5: same sector of the market, then the risk there is heightened.
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  Speaker 5: Even though if it might be a strategy that has
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  Speaker 5: worked for the last few years, there's still heightened risk
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  Speaker 5: there if everybody has herded into that one area.
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  Speaker 3: I find is there any And I think that this
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  Speaker 3: kind of plays into what you were just talking about.
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  Speaker 3: The one thing about the president that is sort of
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  Speaker 3: unusual based off of previous presidencies is he's not scared
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  Speaker 3: of talking about individual stock performers, people that run companies,
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  Speaker 3: you know, whatever it might be, which could be seen
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  Speaker 3: as putting your thumb on the market in some way,
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  Speaker 3: shape or form.
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  Speaker 4: Is that something that you just have to let.
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  Speaker 3: Play out because there's people that were like you said,
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  Speaker 3: there's people that will react to that. You know, if
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  Speaker 3: he comes out and and maybe says something negative towards
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  Speaker 3: somebody that runs a large company or something that could
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  Speaker 3: that could have a temporary depressing effect. People don't need
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  Speaker 3: to react off of stuff like that. I mean, that
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  Speaker 3: could get a little bit dangerous if you're trying to
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  Speaker 3: play the game of like who's going to be the
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  Speaker 3: I guess privileged investor, or who's going to be the
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  Speaker 3: depressed investor or something like that. You don't want to
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  Speaker 3: try to guess what the administration's doing in that way.
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  Speaker 5: No, No, I mean, at the end of the day,
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  Speaker 5: things are based on earnings. You know, the stock prices
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  Speaker 5: move with earnings over time. And I would say that,
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  Speaker 5: you know, a proclamation by Trump one day is nothing
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  Speaker 5: more than like a headline and a newspaper that might
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  Speaker 5: affect right. You know, companies still have to be successful
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  Speaker 5: and produce products and goods and services that people desire
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  Speaker 5: and that generate profit for them, and that ultimately is
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  Speaker 5: what moves stocks. And so you can get caught up
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  Speaker 5: in the whipsaw of the of the headline, or you
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  Speaker 5: can just say, hey, these things are always going to happen,
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  Speaker 5: and I'm going to focus on where the earnings are
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  Speaker 5: and stay diversified.
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  Speaker 3: And that's what when when for the years we've been
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  Speaker 3: doing this show, we've gone through a couple of different administrations. Now,
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  Speaker 3: I mean, I mean that is the strategy. I mean,
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  Speaker 3: that is what you do. Is you play within that universe.
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  Speaker 3: You're aware of things that are going on, but you
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  Speaker 3: need to know what your strategy is, how you're going
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  Speaker 3: to plan for your future, how you're going to retire, right,
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  Speaker 3: the things that you need to do. What goes out
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  Speaker 3: on the outside will go on on the outside. Do
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  Speaker 3: you have to react where you need to. But that's
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  Speaker 3: it shouldn't be what's driving your decisions on everything.
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  Speaker 5: Yeah, the thing that should drive your decisions largely are
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  Speaker 5: the things about you, real close to you. You know,
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  Speaker 5: what is the time horizon before I'm going to need
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  Speaker 5: the money that I put aside? You know, what are
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  Speaker 5: my goals? And then how do you use the proper
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  Speaker 5: investment to achieve those things for you? And that that
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  Speaker 5: is the most important thing, more so than the news
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  Speaker 5: that goes on around you. You know, if you let's
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  Speaker 5: say you're somebody that doesn't like the last election, does
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  Speaker 5: that mean you just set on your hands for four
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  Speaker 5: years and don't pursue the goals that you have for yourself.
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  Speaker 4: Yeah.
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  Speaker 3: The person on the person online that says that's it,
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  Speaker 3: I want to cash out my four to one k
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  Speaker 3: and wait until the next they don't do that, or
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  Speaker 3: if they know, they're really dumb.
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  Speaker 5: I mean, it's same thing when in the previous election,
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  Speaker 5: exactly right, you know, if the other team had had
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  Speaker 5: just given up, you know, the market was up. I
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  Speaker 5: think I saw an article fifty five percent over the
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  Speaker 5: previous four years. Well, you know that's not terrible.
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  Speaker 4: It seems decent.
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  Speaker 5: You know, it's a pretty decent return over that time period.
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  Speaker 5: And that's how the market works over time. If you
• 9:32
  Speaker 5: look at administration to administration to administration, almost always there's
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  Speaker 5: positive movement in the market over that period of time.
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  Speaker 5: Over a four year period of time. You know, the
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  Speaker 5: market will have bad years occasionally, and they happened regardless
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  Speaker 5: of who the president is. It's just part of being
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  Speaker 5: in the market. You're not gonna like it every four
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  Speaker 5: or five years one year out of every four or
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  Speaker 5: five years, but you're gonna like it pretty well the
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  Speaker 5: rest and it averages out.
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  Speaker 3: And that's why diversification, of course, is so important when
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  Speaker 3: you talk about this, making sure you're strong in different areas.
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  Speaker 3: We have the Red's caravan in town that came through
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  Speaker 3: last week, and so after that, and I'm kind of
• 10:07
  Speaker 3: in a baseball frame of mind. The football season's almost over,
• 10:10
  Speaker 3: and that's what the super Bowl means to me, is
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  Speaker 3: that spring training right around the corner. I'm a baseball guy,
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  Speaker 3: so I tell the time by baseball o'clock. So that's
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  Speaker 3: kind of what I'm going at. But having to diversified
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  Speaker 3: portfolio is a lot like having a diversified lineup in baseball,
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  Speaker 3: you know, and if you have some guys that are struggling,
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  Speaker 3: you know they're in a little bit of a slump.
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  Speaker 3: You have other guys in the lineup that are picking
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  Speaker 3: up the slack a little bit. And then you have
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  Speaker 3: your guys in there that you know, based on their history,
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  Speaker 3: are always going to give you certain numbers. You don't
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  Speaker 3: expect them to go above that very much. You don't
• 10:35
  Speaker 3: expect them to go below that very much. You know
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  Speaker 3: the history of their ten years in the league that
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  Speaker 3: they give you a certain stat line that you're going
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  Speaker 3: to get every single day. And that's sort of how
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  Speaker 3: you build your portfolio. When you're on retirement. You have
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  Speaker 3: the guys that you know are going to plug away
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  Speaker 3: every day and give you predictable results. You got your
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  Speaker 3: superstars that might go on a slump, and you got
• 10:53
  Speaker 3: your guys you're taking a risk on, or however it
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  Speaker 3: might be. But that's the diversification of how you build
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  Speaker 3: your lineup. It's the same thing.
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  Speaker 4: Yeah.
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  Speaker 5: I mean, if your second baseman is struggling, you don't
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  Speaker 5: just say we don't need a second basement today, right, Yeah.
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  Speaker 5: You know, in a portfolio, you need to have all
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  Speaker 5: the bases covered.
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  Speaker 3: Yeah, and make sure that one compliments the other. And
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  Speaker 3: if you have any questions about these things, and John
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  Speaker 3: and I talk a lot about different avenues and different
• 11:14
  Speaker 3: ways that you can get to how you can retire
• 11:16
  Speaker 3: right with the bottom line is the easiest way to
• 11:18
  Speaker 3: do is just to pick up the phone. If you're
• 11:20
  Speaker 3: not sure how to do it, and you want to
• 11:21
  Speaker 3: get started. It's not a magic formula. It's not difficult
• 11:25
  Speaker 3: to get started. It's just paying attention and then following
• 11:28
  Speaker 3: some some relatively straightforward godelines, and then the snowball like
• 11:33
  Speaker 3: we talked about last week, eventually kicks in. If that's
• 11:35
  Speaker 3: where you are in the stages where you need to
• 11:36
  Speaker 3: start paying off debts, or maybe you've gotten to that point,
• 11:39
  Speaker 3: maybe you're mature enough where you are in your life,
• 11:41
  Speaker 3: or you don't have many debts and you're wondering how
• 11:43
  Speaker 3: to put the money to work best for you. You
• 11:44
  Speaker 3: have a bunch of money in savings, you're like, I'm
• 11:46
  Speaker 3: doing okay, I don't struggle paycheck to paycheck. Well, you
• 11:49
  Speaker 3: need to make sure your retirement's good. That money setting
• 11:51
  Speaker 3: in savings isn't going to be the same amount in
• 11:53
  Speaker 3: twenty years. You got to put that money to work
• 11:55
  Speaker 3: for you, give it some legs, and make it make
• 11:57
  Speaker 3: some money for you. And that's what you need to
• 11:58
  Speaker 3: do in your retirement.
• 11:59
  Speaker 5: Yeah, no doubt. I mean there's a big difference between
• 12:01
  Speaker 5: saving and investing.
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  Speaker 4: Both are important, right, and then do the other right.
• 12:06
  Speaker 5: That's right, But ultimately you're going to build wealth By
• 12:10
  Speaker 5: owning things, owning companies that serve and produce goods and
• 12:14
  Speaker 5: services for people and do that profitably. That's that's going
• 12:20
  Speaker 5: to keep up with inflation over time. It always has historically,
• 12:23
  Speaker 5: and it makes good sense because you know, when you're
• 12:26
  Speaker 5: not working anymore. You know, when you're working, you're in
• 12:29
  Speaker 5: the marketplace delivering goods and services. As inflation happens, your
• 12:34
  Speaker 5: wage over time tends to keep up with that. What
• 12:38
  Speaker 5: happens when you retire you're not getting pay raises anymore
• 12:42
  Speaker 5: to keep up with inflation. Where is that going to
• 12:44
  Speaker 5: come from? Well, since you're no longer delivering goods and
• 12:47
  Speaker 5: services in the marketplace and tied to whatever the value
• 12:49
  Speaker 5: of that dollar is, the companies you own now are
• 12:53
  Speaker 5: doing that. They're out there producing their goods and services,
• 12:56
  Speaker 5: and as an owner, you participate in that. So that
• 12:59
  Speaker 5: helps you, I guess, stay monetarily relevant even in your retirement.
• 13:06
  Speaker 3: The thing that really grabbed me last week, we actually
• 13:09
  Speaker 3: did a bit on Hotline on Friday that had to
• 13:11
  Speaker 3: do with that had to do with nostalgia and one
• 13:15
  Speaker 3: of the things, one of the pieces that I found
• 13:17
  Speaker 3: I was gonna look up the particular numbers, but I
• 13:20
  Speaker 3: didn't have them at my fingertips. One of the things
• 13:22
  Speaker 3: that I found it was just a goofy chart that
• 13:24
  Speaker 3: was given to me by one of my prep services,
• 13:26
  Speaker 3: and it was tracking the price of big mic since
• 13:28
  Speaker 3: nineteen sixty to current day, with the current price but
• 13:31
  Speaker 3: then also the inflation adjusted price. And so we hear
• 13:34
  Speaker 3: a lot of people and this is important from two
• 13:36
  Speaker 3: different perspectives. Number One, the perspective that we talk about
• 13:39
  Speaker 3: that you need your money to work for you, because
• 13:41
  Speaker 3: a dollar today is not going to be the same
• 13:42
  Speaker 3: as a dollar in the future. But also it gives
• 13:45
  Speaker 3: some a realistic perspective on people. Yes, prices are more expensive,
• 13:49
  Speaker 3: and I'm not talking about short term with after COVID
• 13:51
  Speaker 3: and stuff like that. I just mean in general generationally, Yes,
• 13:54
  Speaker 3: prices are more expensive today than what they were when
• 13:55
  Speaker 3: you were growing up. However, a sixty cent big mac
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  Speaker 3: in nineteen six adjusted for inflation is like four nineteen today.
• 14:02
  Speaker 3: Guess what a big mac costs today, like four to seventy,
• 14:05
  Speaker 3: you know, I mean it's and as a matter of fact,
• 14:07
  Speaker 3: in the early two thousands, the because of a big
• 14:10
  Speaker 3: mac was something like the three twelve or two.
• 14:13
  Speaker 4: So I forget what it was.
• 14:14
  Speaker 3: I wish I had the numbers in front of me,
• 14:15
  Speaker 3: but adjusted for inflation, was actually for five dollars. It
• 14:17
  Speaker 3: was actually an inflation adjustin more expensive then than it
• 14:21
  Speaker 3: is today. When you look at the inflation justin numbers,
• 14:23
  Speaker 3: the price of a big mac is about where it
• 14:25
  Speaker 3: was in nineteen sixty. Just adjusted for inflation. Doesn't mean
• 14:29
  Speaker 3: it's any easier to buy or if you're struggling. I'm
• 14:31
  Speaker 3: not saying that you're not. I'm not trying to pretend
• 14:33
  Speaker 3: like people that prices isn't a problem, but just as
• 14:36
  Speaker 3: an illustration on how inflation works, that's actually a relatively
• 14:39
  Speaker 3: natural progression. Yet everybody will talk about, hey, I can't
• 14:42
  Speaker 3: believe my big mac's five dollars. It was actually five
• 14:44
  Speaker 3: dollars in nineteen sixty as well in twenty twenty.
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  Speaker 5: Money right right, Yeah, just the scale of the money
• 14:51
  Speaker 5: has changed.
• 14:52
  Speaker 4: You know.
• 14:53
  Speaker 5: There can be individual fluctuations in the course, yeah, but
• 14:57
  Speaker 5: you know, for the most part, it stands to reason.
• 14:59
  Speaker 5: If you're de bring goods and services into the marketplace,
• 15:03
  Speaker 5: you're going to be able to acquire a certain level
• 15:05
  Speaker 5: of goods and services in the marketplace. And just because
• 15:10
  Speaker 5: the scale changes you know that. You know, if if
• 15:14
  Speaker 5: people's income didn't eventually keep up with it, then nobody
• 15:18
  Speaker 5: could nobody could buy a Big Mac right, right, and
• 15:20
  Speaker 5: then what would happen to big back prices? They'd plummet?
• 15:23
  Speaker 4: Yeah, exactly.
• 15:24
  Speaker 5: You know, it's supply and demand to a degree, but
• 15:26
  Speaker 5: it's also you know, an increase in the money supply
• 15:30
  Speaker 5: that is that is fueling that.
• 15:31
  Speaker 3: Yeah, the person that had a million dollars in the
• 15:33
  Speaker 3: bank in nineteen sixty, who was you know, counting their
• 15:35
  Speaker 3: future chickens based off of Big Mix, was like, hey, man,
• 15:38
  Speaker 3: I got enough for one point five million Big Mix
• 15:40
  Speaker 3: with my million dollars in the bank, I'm just gonna
• 15:43
  Speaker 3: leave it here.
• 15:43
  Speaker 4: You know.
• 15:43
  Speaker 3: Fast forward and you know, maybe that guy's towards the retirement.
• 15:46
  Speaker 3: He's looking at his Big Mac fund. He still has
• 15:48
  Speaker 3: one point five million dollars in there, but suddenly then
• 15:49
  Speaker 3: he buys five hundred thousand Big Mix, right, and.
• 15:51
  Speaker 4: He's like, what happened to my Big Mix? Right? You
• 15:53
  Speaker 4: know that's how it works.
• 15:54
  Speaker 5: Yeah, yeah, he he could have put that money into
• 15:57
  Speaker 5: a Big Mac producer and be you know, you would buy.
• 16:01
  Speaker 3: Some McDonald's, you know, the local franchise or somewhere you know,
• 16:04
  Speaker 3: you'd be making it.
• 16:06
  Speaker 4: This is kind of a silly way to look at it,
• 16:07
  Speaker 4: but it is, but it is very true. And I
• 16:09
  Speaker 4: think something.
• 16:10
  Speaker 3: It shocked me a little bit because I mean, even
• 16:12
  Speaker 3: in my time, I remember, you know, when things were
• 16:14
  Speaker 3: so much cheaper, you know, when when I remember doing
• 16:17
  Speaker 3: the twenty dollars challenge at Taco Bell where you could
• 16:19
  Speaker 3: get one of everything on the menu for twenty bucks.
• 16:21
  Speaker 4: You know, when I was a kid, you know.
• 16:22
  Speaker 5: Well, I can remember going to Taco Bell and digging
• 16:24
  Speaker 5: change out from under the seat.
• 16:26
  Speaker 4: You know, you could get a full meal, right right.
• 16:28
  Speaker 5: You can't do that anymore unless you unless you you know,
• 16:31
  Speaker 5: drop twenty dollars bills between here between your seat.
• 16:33
  Speaker 3: Your debit card. We reached down here and find it.
• 16:38
  Speaker 5: But but yeah, that's that's uh. You know how inflation works. Now,
• 16:43
  Speaker 5: you know. The good thing is over time. You know,
• 16:45
  Speaker 5: you say, the big max are roughly the same. They're
• 16:47
  Speaker 5: a little more expensive in dollar terms, but there are
• 16:51
  Speaker 5: also lots of things that are less expensive. You know,
• 16:55
  Speaker 5: in in dollar terms. They're going to compile a lot,
• 16:57
  Speaker 5: you know, computers, but even appliances, TVs, things like that
• 17:01
  Speaker 5: that were major ticket items you know back in the
• 17:04
  Speaker 5: seventies and sixties that are now almost disposable items. So
• 17:09
  Speaker 5: you know, the the inflation, you know, doesn't cut evenly
• 17:15
  Speaker 5: because there's also productivity increases that that that help along
• 17:19
  Speaker 5: the way as well. So you know, they they tend. Historically,
• 17:24
  Speaker 5: we go through times like we just went through where
• 17:26
  Speaker 5: inflation was high and people feel the pinch because their
• 17:30
  Speaker 5: wages don't immediately keep up with it. But ultimately you
• 17:36
  Speaker 5: know that that can't that trend can't stay that way forever,
• 17:40
  Speaker 5: or like I say, we would have real problems because
• 17:45
  Speaker 5: you couldn't sell those goods and services and then we'd
• 17:47
  Speaker 5: grind to a halt, which ultimately brings the inflation level
• 17:51
  Speaker 5: down where there's not that activity. But you know, the
• 17:56
  Speaker 5: the the the key with keeping up to it is
• 17:59
  Speaker 5: just staying relative and marketplace, whether that's through your skills
• 18:02
  Speaker 5: and your job, or it's through your investments that are
• 18:04
  Speaker 5: producing goods and services.
• 18:06
  Speaker 3: Let's go in to do this. We need to take
• 18:08
  Speaker 3: our the one break that we have during the show.
• 18:09
  Speaker 3: We can do that right now and maybe line up
• 18:11
  Speaker 3: some calls or text when we come back. You're welcome
• 18:13
  Speaker 3: to give John to call this morning. If you need
• 18:14
  Speaker 3: some advice on how you can hire right, how to
• 18:16
  Speaker 3: get jump started. Maybe you're in a rut you need
• 18:18
  Speaker 3: to know what you do need to do, or maybe
• 18:20
  Speaker 3: you need talk down from making some rash decisions. Whatever
• 18:24
  Speaker 3: it is, you can give John a call this morning,
• 18:26
  Speaker 3: either for some immediate advice or maybe to start your
• 18:28
  Speaker 3: journey on how you can retire right. Give us a
• 18:30
  Speaker 3: call at three zero four three four two eight one
• 18:32
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• 18:34
  Speaker 3: three one. You can also find out more information online
• 18:36
  Speaker 3: Fourth Avenue Financial dot com and Fourth Avenue Financial on Facebook.
• 18:39
  Speaker 3: You spell out the whole thing. We'll take a break
• 18:40
  Speaker 3: and be backward after this. You're listening to retire Right
• 18:43
  Speaker 3: Radio with John Bredett from Fourth Avenue Financial. I'm del
• 18:45
  Speaker 3: Cooper on WCHS, the Voice of Charleston. Retire Right Radio
• 18:48
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• 18:51
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• 18:57
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• 19:07
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• 19:10
  Speaker 3: future results. Investing may involve risk of loss of principle.
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• 19:35
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  Speaker 2: Burdett from Fourth Avenue Financial. Taking your calls at three
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• 21:22
  Speaker 3: into John Bredett from Fourth Avenue Financial to help you
• 21:24
  Speaker 3: retire right for your financial future, whether you're you're trying
• 21:28
  Speaker 3: to pick up the pieces and find a way out
• 21:30
  Speaker 3: to start a new UH, you're starting for the first time,
• 21:33
  Speaker 3: or maybe you're just in a rut and you need
• 21:34
  Speaker 3: a little bit of advice or help you can give
• 21:36
  Speaker 3: John this morning threes Give John a call this morning
• 21:38
  Speaker 3: three zero four, three four two eight one three one
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  Speaker 3: three zero four, three four two eight one three one.
• 21:43
  Speaker 3: There's never a better time than to do it other
• 21:45
  Speaker 3: than yesterday or when you first made your first paycheck
• 21:47
  Speaker 3: than today.
• 21:48
  Speaker 5: That's right, make the call.
• 21:50
  Speaker 4: So it's really the third best time. The best time
• 21:52
  Speaker 4: would have been as soon as you started making money.
• 21:54
  Speaker 4: The second best time would have been yesterday, and today's
• 21:55
  Speaker 4: the next best time. So make a call today.
• 21:57
  Speaker 3: And UH and John can help you out if you're
• 21:59
  Speaker 3: looking for anything on that front. And like we've talked
• 22:03
  Speaker 3: about on this show before, regardless of your situation that
• 22:06
  Speaker 3: you're in, whether you're working a traditional W two job
• 22:09
  Speaker 3: or you're ten ninety nine as a contractor in some way,
• 22:11
  Speaker 3: you're self employed in the gig economy, whatever that might mean,
• 22:14
  Speaker 3: or maybe you're starting your own small business and you
• 22:16
  Speaker 3: have employees and things along those lines, and you're looking
• 22:18
  Speaker 3: to see what kind of options maybe you can give
• 22:20
  Speaker 3: them down the road. These are all things that John
• 22:22
  Speaker 3: can help you with. So I mean, wherever you are
• 22:24
  Speaker 3: along that path of your career or your business or
• 22:27
  Speaker 3: anything like that, you can call John here this morning
• 22:30
  Speaker 3: or at his location at Fourth Avenue Financial and get
• 22:33
  Speaker 3: on the right path, because there's nothing You have to
• 22:35
  Speaker 3: start with the right information first, and it's a lot
• 22:37
  Speaker 3: easier to do it from the beginning right than to
• 22:39
  Speaker 3: find out some point later down the line, where it'd
• 22:41
  Speaker 3: be months or years that you've been doing something wrong
• 22:43
  Speaker 3: and you need to start all over again.
• 22:45
  Speaker 5: Yeah, and like you say, there are so many more
• 22:47
  Speaker 5: people working in non traditional roles now see a lot
• 22:53
  Speaker 5: of that, A lot of people coming in that are
• 22:55
  Speaker 5: working from home small businesses that they've started up in
• 22:58
  Speaker 5: the last handful of years, and some of them are
• 23:01
  Speaker 5: doing pretty well. But if you don't start out taking
• 23:07
  Speaker 5: care of your retirement, you know, when you're working for yourself,
• 23:10
  Speaker 5: it's all up to you, there's no plan established for you.
• 23:13
  Speaker 5: You have to consciously make a decision to put money
• 23:18
  Speaker 5: away for your retirement. And it's great to have the
• 23:22
  Speaker 5: flexibility and freedom to have your own business and do
• 23:25
  Speaker 5: your own thing, but you still have to take care
• 23:27
  Speaker 5: of those things as well. And there's a whole spectrum
• 23:32
  Speaker 5: of things really you can do depending on what your
• 23:35
  Speaker 5: needs are, and understanding those is very important to really
• 23:39
  Speaker 5: at the end get out the value of the work
• 23:42
  Speaker 5: that you put in into building that business.
• 23:44
  Speaker 3: Being in my mid twenties when I started business for
• 23:47
  Speaker 3: the first time and really having no experience, you know,
• 23:48
  Speaker 3: I was kind of picking my way along for the
• 23:50
  Speaker 3: first time. It was sort of a gut wrenching period
• 23:54
  Speaker 3: of time. When started my business, made was making money
• 23:57
  Speaker 3: pretty well, and I had a decent head about these things.
• 23:59
  Speaker 3: I had things structured and had everything in the proper
• 24:02
  Speaker 3: columns for paying off and stuff like that. But I
• 24:05
  Speaker 3: realized a few months into my business as I was
• 24:08
  Speaker 3: doing nothing to plan for my retirement or future, and
• 24:11
  Speaker 3: you know, it was all it wasn't actuily a paycheck
• 24:13
  Speaker 3: to paycheck because I was putting money back for the business,
• 24:15
  Speaker 3: you know, for for expenses into the business. But I
• 24:17
  Speaker 3: wasn't putting anything back for you know, and maybe on
• 24:20
  Speaker 3: small businesses there's a plan where, you know, maybe after
• 24:22
  Speaker 3: your first year you start doing something like that or whatever.
• 24:24
  Speaker 3: I was completely ignorant. I was like, what was I doing?
• 24:26
  Speaker 4: You know? And you had to go back and look
• 24:27
  Speaker 4: at that.
• 24:28
  Speaker 5: And oftentimes too, when a business is doing well and
• 24:30
  Speaker 5: even growing, it gets put off because it's like, well,
• 24:34
  Speaker 5: I'll just keep investing in my own business. But if
• 24:36
  Speaker 5: you're not peeling off something outside of your business, you know,
• 24:41
  Speaker 5: you're taking on a lot of risk. Everything's tied up
• 24:43
  Speaker 5: in one your your business and your entity. You know.
• 24:47
  Speaker 5: We see that a lot of times with oil and
• 24:50
  Speaker 5: gas drillers. Well I'm not going to invest in the market.
• 24:52
  Speaker 5: I'll just drill another hole.
• 24:55
  Speaker 3: Let's go ahead. We have a we have a call
• 24:56
  Speaker 3: of this one line right now that's called in to
• 24:58
  Speaker 3: talk to John.
• 24:58
  Speaker 4: You're on air. What's your first name? Call Don?
• 25:01
  Speaker 3: Hey?
• 25:01
  Speaker 4: Don? What's going on? What's your question for John?
• 25:04
  Speaker 8: John? I just want to say I really appreciate that
• 25:06
  Speaker 8: class you had old South Charleston. I like that a lot.
• 25:09
  Speaker 8: I'm the one that liked the donuts. And also my
• 25:12
  Speaker 8: question is what do you think about a money market account?
• 25:17
  Speaker 8: What's your opinion on that?
• 25:21
  Speaker 4: Oh you can't hear him. Oh I'm sorry, okay, I
• 25:23
  Speaker 4: guess repeat it. Oh, yeah, that's okay.
• 25:25
  Speaker 3: So he's wondering your opinion on a money market account
• 25:27
  Speaker 3: A money market account?
• 25:28
  Speaker 5: Okay, yeah, a money market account a lot of times,
• 25:31
  Speaker 5: so it will be tied into a brokerage account sometimes
• 25:35
  Speaker 5: banks will offer them, and uh, it's just basically a
• 25:39
  Speaker 5: place to hold money and you get a get a
• 25:41
  Speaker 5: set interest rate or some type of an interest rate
• 25:44
  Speaker 5: that's a little better than a checking account. It's really
• 25:47
  Speaker 5: a meant for a short term investment. It's it's not
• 25:51
  Speaker 5: a long term investment that's going to really keep up
• 25:54
  Speaker 5: with inflation, like we spoke about earlier. But it is
• 25:59
  Speaker 5: a great place to get a little bit of interest
• 26:01
  Speaker 5: on your you know, money that you have to the
• 26:04
  Speaker 5: sideline your emergency funds for instance. You can it's not
• 26:08
  Speaker 5: in your checking account, but you can still get to
• 26:11
  Speaker 5: it with relatively little effort and and and no penalty.
• 26:16
  Speaker 5: So it's a holding place for for some of the
• 26:18
  Speaker 5: extra money that you have that will earn you a
• 26:21
  Speaker 5: little bit of money. But it's really not the appropriate
• 26:23
  Speaker 5: type of investment for a long term investment, to build
• 26:27
  Speaker 5: a retirement fund that's going to keep up with inflation
• 26:30
  Speaker 5: and grow your wealth.
• 26:31
  Speaker 8: Okay, John. Is also it's a it's a four percent
• 26:34
  Speaker 8: right now, But is that a fixed rate or is
• 26:36
  Speaker 8: that a variable rate on a money market?
• 26:38
  Speaker 4: Four percent right now? Is that a fixer avariable rate?
• 26:42
  Speaker 5: Uh? Well, that would depend on the money market you have.
• 26:44
  Speaker 5: I mean most money markets have some variability in in
• 26:49
  Speaker 5: to them that are tied to interest rates. Uh. You know,
• 26:53
  Speaker 5: I have one at a bank and it floats with
• 26:58
  Speaker 5: with t T BOL rates things like that. But uh, okay,
• 27:03
  Speaker 5: they're they're usually variable.
• 27:05
  Speaker 8: Okay, thank you, and tell John and I really appreciate
• 27:08
  Speaker 8: the class there in South Charleston. Enjoyed the donuts.
• 27:11
  Speaker 4: He enjoyed the doughnuts and appreciates the class.
• 27:12
  Speaker 5: Oh great, great, we'll do that again. And I apologize
• 27:15
  Speaker 5: if it sounded to rocky. I can't hear your question.
• 27:18
  Speaker 4: I don't know what's appreciate that. Well, thanks for the
• 27:22
  Speaker 4: phone call that leaves a phone line open. Freedom.
• 27:23
  Speaker 3: We see if I can get this fix real quick.
• 27:25
  Speaker 3: Three er a four three four two eight one three
• 27:26
  Speaker 3: one three four two eight one three one. Why don't
• 27:27
  Speaker 3: you switchheadphones there, I'll turn off your mic for a
• 27:29
  Speaker 3: second here, and you can't give John a call. I'm
• 27:31
  Speaker 3: not not really sure there. I think maybe we had
• 27:33
  Speaker 3: a plug in issue. But we'll see how it goes. Okay,
• 27:36
  Speaker 3: we're in good shape now. So if you have any
• 27:37
  Speaker 3: questions for John, give us a call back three zero
• 27:39
  Speaker 3: four three four two eight one three one three zero
• 27:41
  Speaker 3: four three four two eight one three one to get
• 27:43
  Speaker 3: a hold of John Bradet from Fourth Avenue Financial. You
• 27:46
  Speaker 3: can find out how you can retire right this morning.
• 27:48
  Speaker 3: And those are good question many market accounts, that's one
• 27:50
  Speaker 3: of those things that rate were very low on them
• 27:52
  Speaker 3: for a while when when we were in we weren't
• 27:54
  Speaker 3: in a great environment for him, and so when interest
• 27:56
  Speaker 3: that's one of the things where interest rates started creeping.
• 27:58
  Speaker 4: Up, that became a tool again where you could use
• 28:00
  Speaker 4: for limited times.
• 28:02
  Speaker 5: Absolutely, Yeah, we were almost as zero on all of
• 28:05
  Speaker 5: those type of investments, short term investments, and even the
• 28:08
  Speaker 5: bond market wasn't working because there wasn't much yield there.
• 28:11
  Speaker 5: So a lot of folks have more recently given up
• 28:15
  Speaker 5: on bonds because they just have disappointed for so long.
• 28:19
  Speaker 5: But you can see even this morning, like we talked
• 28:21
  Speaker 5: about the tech stocks really struggling this morning, but bond
• 28:26
  Speaker 5: yields have fallen, which means bond prices have gone up.
• 28:29
  Speaker 5: So because there's yield again on those bonds, they're they're
• 28:34
  Speaker 5: taking on the traditional role that they have in the past,
• 28:37
  Speaker 5: where that broke down the last few years when rates
• 28:39
  Speaker 5: were zero.
• 28:40
  Speaker 4: Ah.
• 28:41
  Speaker 3: And so that's just a classic example, and we've talked
• 28:44
  Speaker 3: about this on the show. In fact, money Mark is
• 28:45
  Speaker 3: one of the things we tried specifically, But that's a
• 28:47
  Speaker 3: great example on the show of something when we first
• 28:49
  Speaker 3: started the show was not a very useful tool in
• 28:52
  Speaker 3: the toolbox, and during the progression of as we've been
• 28:55
  Speaker 3: doing the show, it became more and more useful, you know,
• 28:57
  Speaker 3: it started paying a little bit more things start, these
• 28:59
  Speaker 3: things flowed. But that's one of the reasons that you
• 29:01
  Speaker 3: need someone like John to keep an eye on these
• 29:03
  Speaker 3: things and to know where the opportunities are and how
• 29:05
  Speaker 3: it works, because it is a changing target. You know,
• 29:07
  Speaker 3: although the the to provide services and to make money
• 29:11
  Speaker 3: is what the market is always going to do. The
• 29:13
  Speaker 3: way that that's allocated and who has the juice at
• 29:15
  Speaker 3: the moment and things like that. It takes somebody with
• 29:18
  Speaker 3: a professional aide to help make sure that you thread
• 29:20
  Speaker 3: that needle.
• 29:21
  Speaker 5: Yeah, and also I think a big thing is understanding
• 29:24
  Speaker 5: the perspective, you know, and mechanically how things work. You know,
• 29:28
  Speaker 5: if you look at several years ago, you could look
• 29:31
  Speaker 5: at a balanced fund of stocks and bonds and say, wow,
• 29:36
  Speaker 5: that I should invest all in that because it's performed
• 29:39
  Speaker 5: almost as well as the stock market and I'm not
• 29:42
  Speaker 5: taking on that much risk. Well, those long term numbers
• 29:46
  Speaker 5: you've been we're looking at back then, we're in the
• 29:49
  Speaker 5: largest bull market that the bond market had ever had
• 29:51
  Speaker 5: as rates went from twenty percent to zero. So stocks
• 29:55
  Speaker 5: were doing well, well, so we're bonds well when rates
• 29:59
  Speaker 5: go to zero. So they can't mathematically recreate the twenty
• 30:03
  Speaker 5: percent to zero percent move. So looking at that history
• 30:07
  Speaker 5: and trying to extrapolate that into the future doesn't make sense. Yet,
• 30:13
  Speaker 5: you know a lot of folks don't look in under
• 30:15
  Speaker 5: the hood that way. They just look at those long
• 30:18
  Speaker 5: term numbers and assume that, well, it's done that in
• 30:20
  Speaker 5: the past, it will keep doing that in the future.
• 30:23
  Speaker 3: That's another great example of what happens when could just
• 30:25
  Speaker 3: look at like the report sheets for your different for
• 30:28
  Speaker 3: the different things you might be able to choose through
• 30:30
  Speaker 3: your four one K and things like that. You're looking
• 30:31
  Speaker 3: I mean, you're looking at real data, but without the
• 30:33
  Speaker 3: contextual knowledge of what these things might need mean knowing that,
• 30:37
  Speaker 3: like in the early two thousands, there was a certain
• 30:40
  Speaker 3: mix of the market that resulted in certain responses. That
• 30:42
  Speaker 3: looks great, but then when you put it in context
• 30:45
  Speaker 3: in the situation that was in, you know, you need
• 30:47
  Speaker 3: to know those things. And just looking at things without
• 30:50
  Speaker 3: cross reference, you know, something to attach it to. You
• 30:54
  Speaker 3: don't really have the data, you're just kind of making
• 30:56
  Speaker 3: it up as you're going along. So it helps then
• 30:58
  Speaker 3: have somebody that has a little bit of that institutional
• 31:00
  Speaker 3: knowledge about what exactly was going on fifteen years ago,
• 31:03
  Speaker 3: what that meant, what was happening even twenty years ago,
• 31:05
  Speaker 3: twenty five years ago, what it meant, and not to
• 31:08
  Speaker 3: make the mistakes of reading into the t leave something
• 31:11
  Speaker 3: where there's not really anything there.
• 31:13
  Speaker 5: Right right, I mean you can see that. You wonder,
• 31:15
  Speaker 5: you know, sometimes with what's going on with tech for
• 31:17
  Speaker 5: so many years, it's been roaring ahead, you know, could
• 31:21
  Speaker 5: this be similar to the nifty to fifty back in
• 31:24
  Speaker 5: the seventies where you had the you know, the ibms
• 31:29
  Speaker 5: and gs and all those big, big companies. So I
• 31:32
  Speaker 5: mean you couldn't, you couldn't miss, and then all of
• 31:35
  Speaker 5: a sudden you missed for a decade. Not that the
• 31:39
  Speaker 5: companies went bad, It's just simply they got priced in
• 31:43
  Speaker 5: a way that they just couldn't their earnings couldn't keep
• 31:47
  Speaker 5: up with the expectations, essentially, and you know at some
• 31:51
  Speaker 5: point that that happens now, is that going to happen
• 31:55
  Speaker 5: this year, next year, five years from I have no idea,
• 31:58
  Speaker 5: but you know, things have limits on where they can
• 32:04
  Speaker 5: go under the environment, and that's why diversification is so key.
• 32:10
  Speaker 5: But there again, it's hard sometimes to stick with that
• 32:13
  Speaker 5: discipline because you see, well, gosh, this just keeps running ahead,
• 32:17
  Speaker 5: This keeps running ahead. Well, the more it runs ahead,
• 32:20
  Speaker 5: the more risk that it's almost like the potential energy
• 32:24
  Speaker 5: stored up, you know, the more risk there is as well,
• 32:28
  Speaker 5: the farther it runs out of the norms.
• 32:31
  Speaker 3: One of my one of my favorite shows of all
• 32:33
  Speaker 3: time is the Tinafa comedy thirty Rock. And you know
• 32:35
  Speaker 3: a lot of people think Hollywood comedies it's this left
• 32:38
  Speaker 3: leaning thing. They were they infestrated everyone like they just
• 32:42
  Speaker 3: they took on pop culture things that are going on.
• 32:44
  Speaker 3: And one of the most fascinating things if you're a
• 32:46
  Speaker 3: fan of the showing and watch it. I think it
• 32:47
  Speaker 3: ran for six years or something like that, six or
• 32:49
  Speaker 3: seven years, and it was in the early two thousands.
• 32:52
  Speaker 3: One of the fascinating things when you watch the show
• 32:54
  Speaker 3: is then making fun of their own parent company. You know,
• 32:56
  Speaker 3: it started with NBC got bought by It was a
• 33:01
  Speaker 3: General Lantic, General Electric, NBC got bought by one of
• 33:04
  Speaker 3: the cable companies. But they made fun of that the
• 33:07
  Speaker 3: whole time. But it was really funny. At the beginning
• 33:09
  Speaker 3: of the show, Jack Doughtry, the guy that Ali Baldwin played,
• 33:12
  Speaker 3: was in charge of the microwave and TV Development division.
• 33:17
  Speaker 4: So I mean, because GE had become so big.
• 33:19
  Speaker 3: Here they had like the CEO who controlled the microwave
• 33:21
  Speaker 3: ovens and he did cable programming that was like his thang.
• 33:24
  Speaker 3: But that really is what happened, Like these companies became
• 33:26
  Speaker 3: so big and then they started getting fractured and sold off,
• 33:29
  Speaker 3: and you had weird things like cable companies buying utility
• 33:31
  Speaker 3: companies and weird places buying cable companies. It all became
• 33:35
  Speaker 3: really strange for a while.
• 33:36
  Speaker 5: Yeah, yeah, no doubt. And and I suspect, you know,
• 33:39
  Speaker 5: we'll see that to a degree happen play itself out.
• 33:43
  Speaker 5: It won't look exactly the same. But you know, these
• 33:46
  Speaker 5: companies become so profitable and they have so much capital
• 33:49
  Speaker 5: that they have to deploy, and if they deploy it
• 33:53
  Speaker 5: in things that aren't as productive, that drags on their
• 33:57
  Speaker 5: their earnings and their earnings growth. And that's what eventually happens.
• 34:01
  Speaker 5: So it's law of large numbers. Pretty soon, you know
• 34:04
  Speaker 5: it's like, well, it's not a focused play in this
• 34:06
  Speaker 5: area anymore. They've had to invest in everything with that
• 34:09
  Speaker 5: capital or return it to the shareholders, which some companies
• 34:13
  Speaker 5: do through dividends and buybacks, that sort of thing.
• 34:16
  Speaker 3: Just a couple of minutes left with genre deet for
• 34:17
  Speaker 3: fourth Avenue Financial. If you want to get in this
• 34:19
  Speaker 3: morning with a question for John, you have a couple
• 34:21
  Speaker 3: of minutes where we might be able to squeeze in
• 34:22
  Speaker 3: three zero four three four two eight one three one
• 34:24
  Speaker 3: three zero four three four two eight one three one.
• 34:27
  Speaker 3: When Don caught in earlier, he had he thanked you
• 34:29
  Speaker 3: a couple of times for the meeting that you had
• 34:31
  Speaker 3: at the last Saturday at the Last Saturday Night passed
• 34:35
  Speaker 3: Saturday before that at at ben Agent Vines and South Charlesting.
• 34:38
  Speaker 3: You're going to do another one of those coming up?
• 34:40
  Speaker 3: Are you shooting for February or.
• 34:42
  Speaker 5: Yeah, I'm going to try to do one in February.
• 34:44
  Speaker 5: I haven't quite picked the We've got a couple of
• 34:46
  Speaker 5: potential travels that I might be assigned to by my wife,
• 34:51
  Speaker 5: so I'm not sure the weekend yet, but we're going
• 34:54
  Speaker 5: to definitely have another one and try to do him
• 34:58
  Speaker 5: about once a month. It seemed like a like a
• 35:02
  Speaker 5: fun thing to do and it's good to get a
• 35:04
  Speaker 5: group of folks together.
• 35:05
  Speaker 3: My kid got up, got up with me and my
• 35:07
  Speaker 3: wife slept in a little bit. The day of your
• 35:10
  Speaker 3: first meeting, I almost brought almost brought my kid down
• 35:12
  Speaker 3: because I wanted to come to it. But her energy
• 35:14
  Speaker 3: energy wouldn't have been right. She would have taken over
• 35:16
  Speaker 3: the meeting and had people investing in paw patrol or something.
• 35:19
  Speaker 4: It's hard to wow.
• 35:20
  Speaker 5: Yeah, there's a lot of room vintage advines. It's ten
• 35:24
  Speaker 5: thousand square.
• 35:25
  Speaker 4: Yeah, you have a lot of room.
• 35:27
  Speaker 5: Worn her out. Maybe you've got a little arrest yourself afterwards.
• 35:31
  Speaker 4: That's probably what she needs. The kid.
• 35:34
  Speaker 3: Approached to nothing. But we had a My wife was
• 35:37
  Speaker 3: having a night out with her mom and her cousin
• 35:40
  Speaker 3: this weekend, and so I gave my daughter the opportunity. Hey, man,
• 35:43
  Speaker 3: you tell me what you want. As far as dinner goes,
• 35:45
  Speaker 3: Daddy will do whatever you want. I'll make you whatever
• 35:47
  Speaker 3: you want. I'll take you wherever you want to go.
• 35:48
  Speaker 3: We'll pick up whatever you want. You just tell me
• 35:50
  Speaker 3: whatever you want. It's daddy's daddy's job to get it
• 35:53
  Speaker 3: for you. She thought about it all day long and
• 35:55
  Speaker 3: finally wait, at like eight o'clock on Saturday night, She's like, Daddy,
• 35:59
  Speaker 3: I want to go in to Burger King. I was like, what,
• 36:02
  Speaker 3: you want us to go to the organ? She's like, no,
• 36:03
  Speaker 3: I want to go in. You want to eat at
• 36:05
  Speaker 3: a fast food restaurant. You're only six, kid, You've never
• 36:08
  Speaker 3: done that before.
• 36:09
  Speaker 4: You know what.
• 36:11
  Speaker 5: My wife makes fun of me all the time, But
• 36:14
  Speaker 5: I hate going through a drive through.
• 36:16
  Speaker 3: Uh you like go in and go in And I.
• 36:19
  Speaker 5: Used to do that, usually go in and actually set
• 36:21
  Speaker 5: in the restaurant eat it.
• 36:22
  Speaker 4: Did he really?
• 36:23
  Speaker 5: Yeah? I don't like to eat in my car.
• 36:25
  Speaker 4: I don't.
• 36:25
  Speaker 3: Yeah, if if it was a choice in eating in
• 36:27
  Speaker 3: my car or at the restaurant, I would always eat
• 36:29
  Speaker 3: the restaurant, but usually I'm so close to my house.
• 36:31
  Speaker 3: But we actually we did that and my kid had
• 36:33
  Speaker 3: a great time. There was there was nobody there. The
• 36:35
  Speaker 3: people there were really nice to the crown exactly. They
• 36:37
  Speaker 3: made the crown for she put it on, you know,
• 36:39
  Speaker 3: I mean it was it.
• 36:41
  Speaker 4: Honestly.
• 36:41
  Speaker 3: It reminded me of being a kid when going to
• 36:43
  Speaker 3: McDonald's or something was a treat.
• 36:46
  Speaker 5: I remember as a kid having a birthday party Atah Yeah,
• 36:50
  Speaker 5: me too.
• 36:50
  Speaker 4: Yeah, it was a big deal.
• 36:51
  Speaker 5: Came and all that good stuff.
• 36:53
  Speaker 3: It was a really big deal and it was just nice.
• 36:55
  Speaker 3: It was nice to for her to make that choice.
• 36:57
  Speaker 3: That's what she wanted. I thought she's gonna say, chuck
• 36:59
  Speaker 3: E che I think she forgot that chuck E cheese
• 37:02
  Speaker 3: was an option. And I count my lucky chickens because
• 37:04
  Speaker 3: it was like a twelve dollars date. I think it
• 37:06
  Speaker 3: was all right, pretty good. Yeah, thanks so much for
• 37:09
  Speaker 3: tuning in to retire Right Radio this morning. That's going
• 37:12
  Speaker 3: to wrap things up. If you have any questions at
• 37:13
  Speaker 3: all for jenbre Debt that we may have triggered for
• 37:16
  Speaker 3: you this morning. You can give John a call at
• 37:17
  Speaker 3: his regular job, at his day job, Fourth Avenue Financial
• 37:20
  Speaker 3: three zero four seven four six seven non seven seven
• 37:22
  Speaker 3: three zero four seven four six seven non seven seven John,
• 37:25
  Speaker 3: thank you so much for your time.
• 37:26
  Speaker 4: We appreciate it, all right, I appreciate it. Take care.
• 37:28
  Speaker 4: We'll see you back here next time. That's John more
• 37:29
  Speaker 4: Debt with Fourth Avenue Financial.
• 37:30
  Speaker 3: Have a great day everyone, five Aby Whsam ninety six
• 37:34
  Speaker 3: point five.
• 37:34
  Speaker 2: That then, Charles Stond one oh four point five Cross
• 37:36
  Speaker 2: Lanes l UVRC Media Station. We are proud to live
• 37:41
  Speaker 2: here too,