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HotTakes with the Murphman -Episode #56- An Intro To Investing – Using Your Money To Build For Retirement · Military Broadcast Radio | MBR Talk

• 0:02
  When the light gets real, the mic stays warm, hosted by the
• 0:06
  dad with lots of charm inside. Sunshine and Dana's already in
• 0:13
  the shocks online. Hot takes We'll talk Keeping it
• 0:29
  true from the high school halls. The podcast kills.
• 0:34
  Live on and learn a lot. So I need up.
• 0:37
  Your show is. Hot, grab your pussy.
• 0:40
  Let's get into it. No filter.
• 0:42
  No, just we'll talk. Let's do it.
• 0:48
  Play your night. Hey, hey, hey, welcome to Hot
• 1:04
  Takes the Murph Man coming to you live from Porter Studios
• 1:06
  here in El Paso, TX. I am the Murph man here, my Co
• 1:10
  host Connor. How we doing today, Connor?
• 1:13
  Doing good today. How you doing today Workman?
• 1:16
  I'm doing pretty good. I'm doing pretty good.
• 1:18
  I got to tell you, I have a lot going on with my family and
• 1:21
  friends. They're going to be here this
• 1:22
  weekend. We're doing a reunion, so that's
• 1:25
  always nice to do, right? Oh yeah.
• 1:28
  And having that reunion is interesting because last night
• 1:31
  we started with our with our family and we were talking and
• 1:35
  you know, I try to get you there and you had you other things to
• 1:38
  do and you weren't able to make it.
• 1:39
  But I will tell you what, we had a good time last night.
• 1:43
  We had a real good time last night.
• 1:45
  So I think it went well. So before we get started, before
• 1:50
  we get all into our thing right, I want to remind you that Conor
• 1:54
  and I are not experts of what we're talking about today's in a
• 1:58
  class is investing one O 1 build your retirement.
• 2:00
  We're not investment planners, we're not Cpas, we're none of
• 2:04
  that. We're just talking about from
• 2:05
  our own experience and our own knowledge that we looked up, we
• 2:14
  researched and everything. So take that with a grain of
• 2:17
  salt, OK? But if you know anything about
• 2:18
  the show, Connor and I, we tend to get sidetracked, and I'm
• 2:22
  pretty sure we're going to get sidetracked today.
• 2:24
  What do you think, Connor? Maybe, maybe, maybe, maybe.
• 2:27
  It depends. We'll see how it goes, you know?
• 2:31
  But anything going in the world right now that you want to chat
• 2:33
  about? Not that I know of.
• 2:36
  Not that you know of. Nothing's going on.
• 2:41
  No. What are you guys playing this
• 2:42
  weekend? The Rams.
• 2:47
  I meant the Miners, but OK. Yeah, the Rams.
• 2:49
  The Rams. Bill's gonna be a good game.
• 2:51
  Nevada's Nevada. Nevada.
• 2:53
  The Wolfpack, Yeah, they're two in one right now also.
• 2:57
  That UNLV, No. Oh, OK, OK, OK.
• 3:00
  Then you might have a chance. And the Bills against the Rams,
• 3:05
  that's I think that's gonna be a really good game.
• 3:07
  Is that the early or late game? I think it's Monday night.
• 3:14
  Really. I think.
• 3:17
  Because for that, one mirror can head over to Dave and Buster's.
• 3:23
  The 10 for 10 wings would be perfect.
• 3:25
  I haven't had wings in a while. Yeah. 6:15.
• 3:28
  Monday they. Gave me the 6:15, yeah.
• 3:30
  All right, so that's what we're going to do Monday night.
• 3:32
  If you're in the El Paso area, check us out at Dave and
• 3:34
  Buster's. We're going to be their Monday
• 3:39
  night from Monday Night Football to watch the Bills and the Rams
• 3:43
  and Dave and Buster's sponsor. Us.
• 3:44
  OK, Headed what? Shut up the night?
• 3:48
  No, why not? Why would they?
• 3:51
  Dude, do you know everything that I'm doing?
• 3:55
  Like everything that I'm getting set up.
• 3:58
  You know, I've talked about the trivia bingo.
• 4:00
  We do that Wednesday nights with military broadcast radio, right
• 4:03
  7 to 9. We do trivia.
• 4:04
  It's free to play, no prizes. We're just, you know, out here
• 4:07
  having fun playing trivia for those who like trivia.
• 4:10
  And we also, I'm doing my MC events at weddings, which I
• 4:14
  think are pretty cool. I'm doing that more often.
• 4:18
  I have Christmas coming up and we get partnership with the VFW
• 4:21
  that we're trying to get into. So it's not unfeasible to say we
• 4:24
  can get sponsored by somebody. Right.
• 4:28
  Me, yeah, but I don't know. What don't you know?
• 4:31
  Dave and Buster's, I don't think they would sponsor it.
• 4:35
  You don't think they would sponsor it?
• 4:36
  Why not? I don't know, I just don't think
• 4:38
  so. You don't see the possibility,
• 4:40
  huh? You could ask.
• 4:45
  You'd ask. Well, you, well, you could ask
• 4:47
  when you're looking for sponsors, right?
• 4:49
  But you wanted them to come to you.
• 4:52
  So that's what I'm hoping will happen with us.
• 4:55
  Hopefully. We'll see.
• 4:57
  We will see. And hopefully soon you'll be
• 5:00
  earning a paycheck if we get sponsorships.
• 5:04
  So yeah, maybe. Would you like that?
• 5:07
  Yeah. Yeah.
• 5:09
  I got an idea that I'm working on.
• 5:11
  So we'll see how that goes. Anyway, I think it's time we get
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  the show started. What do you think?
• 5:15
  Finally, one of the next fuse. Yes, Sir.
• 5:17
  Let's do it. Working perfectly.
• 5:26
  Today we are talking about an intro to investing, using your
• 5:30
  money to build for retirement. This episode breaks down the
• 5:33
  basics so you can start early, stay consistent and let compound
• 5:38
  interest do the heavy lifting. The fuse is lit.
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  Murfman, take the mic. All right, Connor, today we're
• 5:47
  talking about interesting to investing and compounded
• 5:50
  interest. All right.
• 5:53
  What have I talked about? Compounded interest?
• 5:54
  Do you know the formula? No, I think it's annual equals
• 6:06
  like principal one plus the rate over oh God, number of years.
• 6:17
  No, no, no, no, no, no. It's something like that, right?
• 6:22
  Like NON and NT and. Something with like numbers and
• 6:25
  then the time. Maybe I should have looked at
• 6:27
  that before I asked you the question, huh?
• 6:29
  Yeah. You know, say hey, what?
• 6:32
  What is compound interest? I just know it's a equals like
• 6:39
  principal rate with the power of.
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  Well, that is the principle. That's what we're talking about
• 6:44
  right there. The rate, if you want to
• 6:45
  calculate yourself, there it is. But we are actually here having
• 6:49
  fun doing our show and I am looking forward to talking about
• 6:54
  this. So let's get the burning
• 6:56
  question started, Connor. To get things started, let's
• 7:07
  jump right into the question on everyone's mind, the burning
• 7:11
  question. Today's burning question is what
• 7:14
  is compound interest? A The interest you earn on your
• 7:17
  initial investment. B the interest you pay on your
• 7:20
  credit card. C the interest you earn on your
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  initial investment and the accumulated interest.
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  D the interest you earn on your savings account.
• 7:29
  Murph, man, let's get interest started.
• 7:33
  All right. So out of those questions,
• 7:35
  Connor, what do you think is your, your the answer for today?
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  Is it ABC or D? The interest you earn on the
• 7:47
  initial investment or the interest you pay on your credit
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  card? The earn on initial initial
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  investment and the cumulative interest or the interest you
• 7:54
  earn on savings account. I think, I think see the
• 7:59
  interest you earn on your initial investment and the
• 8:02
  cumulative rate. That's correct.
• 8:05
  Yeah, that is correct. So, you know, it's one of those
• 8:08
  things that compounded interest is where you make your money.
• 8:12
  OK, I tell you last, you know, like right now we have a little
• 8:16
  savings, right? And that savings earned US $0.23
• 8:21
  last month. Oh wow, all.
• 8:24
  Right. It's a couple of like 3 1/2
• 8:26
  thousand, you know, one of my one of my emergency funds and we
• 8:33
  earned $0.23 last month. We're not touching that money.
• 8:37
  What do you think is going to earn this month?
• 8:40
  Maybe like 2524 or still 23, We'll see, right?
• 8:45
  But then after a couple months, $0.23 a month, then just do 25
• 8:49
  to make it even. How much is that a year?
• 8:54
  I don't know. Let me see $0.25 a year. $0.25 a
• 9:00
  month for the year let's have. 3. 4. 4.
• 9:10
  No, you're right. Three.
• 9:11
  My bad. Four every four months is a
• 9:13
  dollar. So three.
• 9:14
  Yeah. So we'll earn $3 at the end of
• 9:18
  the year and earn 36. Now if we keep that in there for
• 9:20
  10 years, what do you think we'll be earning probably about?
• 9:24
  $0.50. $0.50 a month, almost double maybe.
• 9:29
  You know, we don't. I mean, that's where you can
• 9:31
  actually sit here and calculate the formula and everything.
• 9:33
  You know, there's actually, we'll actually show that later.
• 9:35
  We're going to get on the Internet and I'm going to show
• 9:37
  you a compounded interest formula so you can see how much
• 9:41
  you put in, how much you get out and what you know.
• 9:42
  And we'll we'll show them that. OK, But I say let's get to
• 9:48
  today's hot take. All righty.
• 9:54
  Hold on. Today's hot take is this.
• 10:01
  The most dangerous financial advice for young people is
• 10:04
  trying to beat the market. The time and emotional energy
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  spent researching individual stocks is a distraction from
• 10:11
  your single highest return activity.
• 10:14
  Consistent, boring contributions to low cost, diversified index
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  funds morph man. It's your turn to fan the
• 10:21
  flames. All right, so today's hot take,
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  the most dangerous financial advice for young people is to
• 10:30
  try to beat the market. How many of your friends that
• 10:32
  you know invest in the market or they're in forex or they're in
• 10:35
  crypto 111 OK, I have I have a couple friends that do that.
• 10:42
  One of them specifically in crypto and this past summer he
• 10:46
  hit like 70,000 on one of his cryptos.
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  He invested like 2000 went up to 70,000 and he got out right
• 10:56
  Researching the Internet. You, you can, you can make money
• 10:58
  that way, but everyone thinks it's just you go in, put money
• 11:01
  in money comes out like an ATM. It's not that easy.
• 11:04
  Trust me on that one. You know, I had a a crypto that
• 11:08
  I put in probably about 40, maybe $50 and I got it up to 250
• 11:13
  and I got out, you know, five time return right?
• 11:17
  Not bad. Yeah, not not bad at all.
• 11:18
  It's just one of those things where I did not want to let it,
• 11:22
  right. You know, they got up there and
• 11:24
  I took it out of my friends. Like you should have waited
• 11:26
  longer. You would have made, I don't
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  care. I made money already.
• 11:29
  That's, you know, that's the whole goal of this, right?
• 11:31
  But yeah, to research and do it all constantly is not something
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  I want to do. And then the time energy,
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  researching everything is a distraction from a single
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  highest return activity, consistent boring contributions
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  to a low cost diversified index fund.
• 11:50
  Remember we talked about this what last week or two weeks ago,
• 11:52
  The 5020, fifty, 3020 rule. Yeah.
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  OK. That 20% that you put into
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  savings, we talked about what, what should it be, right?
• 12:03
  You want that to go to a savings account for emergencies.
• 12:06
  How many months do you want to have in there?
• 12:08
  66 minimum 6 if you can have more, great.
• 12:12
  How much you want to have in there for a repair on the House
• 12:14
  or car? Three months.
• 12:18
  Three months, OK, depending what your income is, right?
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  But give me the dollar amount. What should you have for repair
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  at the house or repair in your car?
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  50,000. I wish we had 50,000 / 10, about
• 12:33
  55. OK.
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  And then college funds and all these other little things you
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  want to save, we can have a different account for each one
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  of those. OK.
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  So the way you look at that 20%, you have, let's just say we have
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  $1000 and you have $200 to invest in savings, right?
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  That $100. You can also break down to 5030,
• 12:55
  2020, I'm sorry, 50 goes into the savings accounts.
• 12:57
  You need to save 30 of that. So like 50 of the 200 would be
• 13:01
  $100 goes into your savings, 30%, which is $30 goes into
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  your, I'm sorry, $60.00 goes into your index funds, your low
• 13:12
  boring stocks and bonds. We talked about buying the ones
• 13:15
  that are part of your, your life.
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  Like, for example, if I were to buy stock right now, I would buy
• 13:23
  stock in our mixer here because this was a good brand.
• 13:28
  It got bought up by Rd. which is a better brand.
• 13:30
  You know, I know they're not going anywhere, right?
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  So I've invest money in what I used.
• 13:38
  Apple. We use Apple, right?
• 13:40
  Cell phone, Samsung computers, Asus, you know, those are the
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  things you want to invest in because you know they're going
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  to be around because you use them.
• 13:51
  If you've done your research right and bought the right
• 13:52
  equipment, obviously we just go for the cheapest equipment.
• 13:55
  You're not going to do that. Yeah, but those 30% go into
• 14:02
  those boring index funds and then you have 20 percent, $40
• 14:06
  that you can put into anything you want to try, such as your
• 14:10
  high risk stuff, the crypto, forex, whatever.
• 14:15
  And if you lose it, you lose it. But that also has the highest
• 14:17
  return, OK, Because the chances of that going up high are good.
• 14:25
  When when I left my last company, I had $2000 in my 4 O
• 14:31
  1K and I put it into the highest yield I could 50% into highest
• 14:39
  and the other 50 into just the boring index one right.
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  The return was like 250% on the high risk stuff and it was about
• 14:51
  10% on my boring funds. You know, big difference, big
• 14:57
  return right. Then I took it out when I needed
• 15:00
  a car repair and stuff, you know, which I again, it was your
• 15:04
  mom's health. We talked about this, right?
• 15:06
  The money went, everything went to that.
• 15:08
  But I'm getting back to that point where we can save and we
• 15:13
  can do more, right? Last night we were, I was
• 15:15
  talking to my family and friends and we were discussing what
• 15:20
  everyone's doing for their career.
• 15:21
  And they said, what are you doing as I'm teaching, you know,
• 15:25
  and everyone has like director of this, I own a couple farms,
• 15:28
  whatever, right? Well, I'm a teacher.
• 15:32
  And they're like, oh, that, that.
• 15:33
  That's nice. And then one guy goes, what
• 15:34
  about your podcast? Oh, that's my business.
• 15:37
  That's a different thing. You ask me what I do for a
• 15:38
  living. Oh, you have no business.
• 15:40
  I it's just barely getting started.
• 15:42
  Well, what do you do? Boom, boom, boom, boom, boom.
• 15:44
  Here's my animations. Here's my trivia, here's my
• 15:45
  bingo. I also host like, you know, and
• 15:47
  they're like, yeah, they're like, oh, so you're doing pretty
• 15:51
  good. I said not yet, not yet, but I
• 15:55
  will be, you know, and I even I got the contracts I'm making, I
• 16:07
  put them into rocket Lawyer, which is like a, an online legal
• 16:11
  program that they'll research your documents for you.
• 16:14
  It made minimal changes to what I had minimal.
• 16:18
  Wow. That put so much work into those
• 16:20
  contracts and I asked AI like, what are the problems that could
• 16:24
  happen with this contract, these, these and these, OK, how
• 16:26
  can we fix it? This, this and this All right
• 16:28
  now tell me what are the problems, you know?
• 16:30
  And then I have different documents for different events
• 16:32
  and different branches of my business and I have them all in
• 16:37
  English and Spanish. But guess what?
• 16:39
  What if the Spanish isn't translated correctly, I have a
• 16:44
  clause that says the English contract is the one that will be
• 16:48
  held. The Spanish is just for
• 16:49
  reference to give you a real good idea what we do, but the
• 16:54
  English 1 is the one that we're signing.
• 16:57
  Why did I say that? Well, what would I invest my
• 17:00
  money right now if I if I had the money to do it?
• 17:03
  Google everyone. Imagine getting on Google when
• 17:06
  it first started. You know when everyone's like,
• 17:09
  what the Hell's Google Now? You pay several $1000 to get
• 17:14
  stuck in it. Apple, same thing right?
• 17:17
  So if you find the startup company like ours.
• 17:21
  Exactly like ours. Exactly like ours as we're
• 17:24
  getting off the ground, you invest in us, there's an
• 17:26
  investment in Angel, right? They invest in US and they get a
• 17:29
  percentage back or whatever we make every year.
• 17:32
  You know, if they buy in for 50% of what I've spent so far, they
• 17:36
  become 50% partners. So if you find the right
• 17:41
  investment, you can do a lot, dude.
• 17:44
  You can really do a lot. But right now we're just doing
• 17:49
  the real basic saving and we're getting back on our feet.
• 17:52
  And then I got to recoup all the money I've spent in the last
• 17:54
  couple years for this business. And then and only then I started
• 17:58
  doing stuff. Wow.
• 18:01
  You know, because like I said, AI is a big part of my life so.
• 18:06
  Oh yeah. You know, but I'll tell you
• 18:08
  what, let's go ahead and go to break.
• 18:10
  And when we come back from break, we're going to talk about
• 18:14
  those definitions that you need to learn to cover the investing.
• 18:19
  Yeah. So we'll be right back.
• 18:22
  It's time for a break. Hot takes with the Murph man.
• 18:25
  We'll be right back. The station where our veterans
• 18:33
  voices are heard. MBR talk.
• 18:37
  It's on the web MB radio dot. According to the VA Suicide Data
• 18:44
  report, an average of 22 veterans die by suicide every
• 18:48
  single day. This figure is a sobering
• 18:50
  reality and a crisis that demands our immediate attention
• 18:54
  and compassion. We must recognize and address
• 18:57
  the fact that every 24 hours, 22 veterans are losing their lives
• 19:01
  to suicide. The war doesn't always end when
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  our veterans come home. The invisible wounds they carry,
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  wounds that are real and heavy, require continuous support.
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  No veteran should have to carry this burden alone.
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  Many veterans experience stress and disconnection as they
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  navigate life after service. But there is hope, there is
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  help, and you are not alone in this fight.
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  There's a vibrant community ready to support you, offering
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  friendship, understanding and shared experiences.
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  You served your country. Now let us serve you.
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  Don't fight the toughest battle in silence.
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  Your mission now is to reach out, dial 988, then press 1.
• 19:41
  Text them at 838255. The Veterans Crisis Line is
• 19:47
  available 24/7. Every day we save lives.
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  Your life is invaluable and your service is honored.
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  Let's work together to make 22 zero again.
• 19:57
  No veteran should face their struggles alone.
• 20:00
  Together, we can ensure every veteran finds the support and
• 20:03
  hope they deserve. He kids help, but he still feels
• 20:10
  off season that on the TV about a dog batting sick.
• 20:16
  This is a man's best friend. Whoa.
• 20:22
  So he goes one day and he picks it up.
• 20:25
  Never thought a dog could bring so much love and put a smile on
• 20:31
  his face. stand to see a soldier go to God
• 20:58
  by their own hands. We will do everything we can.
• 21:04
  And to make 22 zero again. Before we get back to the show,
• 21:29
  we pause for something that matters to me deeply.
• 21:32
  I was inspired by Ryan Spencer's song Make 22 Zero.
• 21:36
  Again, I'd like to remind you that help is always available
• 21:40
  24/7 365. If you ever feel you need
• 21:44
  support or are in crisis, call 988 and press one or text
• 21:50
  838255. There will always be someone
• 21:52
  ready to listen. Remember, you are not alone.
• 21:59
  That's right, you are not alone. Down the 88 press 1.
• 22:04
  It's not just for veterans. This is for anyone who feels
• 22:08
  they need some help. You do not have to be a veteran.
• 22:11
  Anyone can get the help. That's what matters here.
• 22:13
  OK, now on the break. We got a strike on our
• 22:20
  commercial, which makes no sense.
• 22:24
  I don't think it was the commercial.
• 22:25
  I think it was like before. Well, yeah, my intro and I I
• 22:33
  actually told TikTok like, I create all these videos, I have
• 22:36
  the right to play these videos. I have permission to play the
• 22:38
  music. Where is the problem?
• 22:41
  Yeah, I get a little bothered by that, man.
• 22:44
  I don't know. I know you don't know.
• 22:48
  All right, we talked about compounded interest.
• 22:54
  Now there's other terms we need to learn today.
• 22:56
  So let's go ahead and get the definitions are laying down the
• 22:59
  coals. Before we dig in, let's clarify
• 23:11
  some of the key terms we'll be using today while laying down
• 23:13
  the coals, stocks, ownership stakes and individual companies.
• 23:18
  Bonds, loans provided to companies or government
• 23:22
  entities. Funds.
• 23:24
  Bundles of various investments offering portfolio
• 23:27
  diversification accounts, retirement options like tax
• 23:31
  advantage, 4 O 1K plans and individual retirement
• 23:34
  arrangements. Back to you, Murph Mann, to take
• 23:37
  us through these definitions. All right, let's look at these
• 23:40
  definitions we have. Sorry, stocks ownership stakes
• 23:55
  in an individual companies. That's that's what stocks are
• 23:57
  you own part of the company, OK. And then we have bonds, loans
• 24:04
  provided to companies or government entities and then
• 24:07
  funds bundles of various investments offering portfolio
• 24:13
  debt specification. And then accounts we have
• 24:18
  retirement options like tax advantage for OK 1414 O1 KS and
• 24:23
  individual retirement arrangements IR as that's what
• 24:26
  an IRA is so. That's what it means.
• 24:28
  That's what it means individual retirement arrangement.
• 24:33
  So I think that's, that's interesting stuff to think
• 24:35
  about, right. So let's, let's let's take one
• 24:37
  of those at a time. I'd like to know what do you
• 24:40
  think stocks means? I mean, I know you know that.
• 24:48
  Give me a, what you mean by stock.
• 24:50
  Give me an idea what you think that is.
• 24:54
  Like a price of a company. Right.
• 24:58
  To buy a portion of the company right, you have to buy a stock
• 25:01
  in it. Yeah.
• 25:03
  And as you're there, you own part of the company and there's
• 25:11
  different things to do with investing.
• 25:14
  You can get investments that pay you quarterly, right?
• 25:19
  Or you can have investments that just grow in value.
• 25:23
  Those those payments you get, you can go back and you can
• 25:29
  reinvest them into the stock. Now sometimes they do a stock
• 25:33
  split. What's that?
• 25:37
  It's well, the stock actually splits in half.
• 25:40
  So what was worth 200 is now worth 100 each.
• 25:45
  And I don't know why they do that.
• 25:46
  I mean, we can I, this is something I can look up, you
• 25:49
  know, like maybe I should while we're talking about it.
• 25:50
  But it splits and you go from 200 a share to $100 a share, but
• 25:55
  you get 2 now. So you still have your 200
• 25:56
  investment in the company, but as it grows back to 200, you now
• 26:04
  have double growing. OK.
• 26:10
  And sometimes you have things that give you dividends.
• 26:13
  So like for example, if you look up a dividend and it says you
• 26:18
  get 1% of your stock in right every quarter, every year,
• 26:25
  whatever the number is, you can say, OK, how much does this
• 26:30
  stock give me in dividends? And you say 10%, whatever the
• 26:33
  number is. And you say, OK, that how often
• 26:36
  is it OK, Then you say that's how much it is a year.
• 26:39
  And then let's just say I get like using even numbers, right,
• 26:43
  $100 a year. Oh, let's, let's do $10 a year.
• 26:46
  OK. How many stocks do I have to buy
• 26:50
  to get $100,000 a year from it? So basically you buy stocks, buy
• 26:55
  stocks, buy stocks and then your interest is your income and you
• 27:02
  sell. When stocks become that, you can
• 27:03
  sell for that amount and you take out your share of the
• 27:07
  company. So in a way you you have that
• 27:11
  now. What's also cool is AMC does it
• 27:13
  where if you're a stockholder, you get special perks with them.
• 27:16
  Oh, really? Yeah.
• 27:17
  So you buy one stock and you get special perks with them now.
• 27:21
  Unless you have to get like a requirement and like a minimum.
• 27:27
  No, no. Are you a stockholder?
• 27:29
  That's all it asks. Are you a stockholder?
• 27:31
  And the answer is yes. And guess what?
• 27:33
  You get the money. Well, not money, but whatever.
• 27:36
  Well, the. The perks.
• 27:38
  I'm like free money. I'll, I'll take it.
• 27:41
  Now, let me tell you, there's there's a lot of reasons people
• 27:44
  invest in stocks and bonds, but there's one that there's an
• 27:48
  influencer, Annie Yeager, the blonde girl football teams like
• 27:51
  the one I love so much, you know, just her take on
• 27:54
  everything, right, is one of them.
• 27:56
  There's a few that I watch, but her in particular, she's a Green
• 28:00
  Bay fan. Now, do you know anything about
• 28:03
  Green Bay at all? No.
• 28:05
  Who owns a team? Do you know?
• 28:08
  The city of Green Bay? Not the city government, The
• 28:13
  people in Green Bay. The only way you can buy a stock
• 28:17
  in Green Bay is to live there. Live there.
• 28:22
  Wow, you know. You might be able to buy it
• 28:25
  online or something, right, and be a part of the team, but it's
• 28:27
  owned by people. Not by a city, not by a
• 28:31
  millionaire. It's run by the people.
• 28:34
  Wow. So Green Bay fans are little
• 28:37
  different in that, right? So you can invest in anything
• 28:44
  you want. You know, a high school friend
• 28:47
  of mine is actually in the investment group that owns the
• 28:50
  Texans. So like we go to reunion.
• 28:53
  He's like, hey, you want to come to the game anytime we can put
• 28:55
  you in the suites. And I'm like, Nah, it's all
• 28:59
  right. Not that I don't want to see the
• 29:01
  Texans, but I just, I don't know.
• 29:05
  I don't know if that'd be a good watch.
• 29:09
  You know, from the from the suite.
• 29:10
  We talked about this, right? Yeah.
• 29:12
  How far away do you want to be in?
• 29:14
  Now, let me ask you guys a question.
• 29:15
  If you think about this, OK, when you're sitting there in at
• 29:21
  the football games and you have a seat, what do you think is a
• 29:29
  better seat? Is it the ones that are like
• 29:32
  close to the field so you can see the players or further back
• 29:38
  up in the nosebleeds or somewhere in the middle?
• 29:46
  Somewhere below middle but still a little like good high up.
• 29:51
  Is that what I would say? So I would say between 30 and
• 29:57
  40th row when would be close enough to see your players but
• 30:00
  far enough away to see the game. Now at the same time, if we were
• 30:04
  to buy tickets at the goal line, front and row, would that be a
• 30:12
  better seat if that's what you want to see as touchdowns?
• 30:15
  Well, that's if they go on this side.
• 30:18
  Right. There's no, yeah, there's no.
• 30:19
  You go. To the other side of the field.
• 30:23
  There, there was one game I think Alabama, LSU played and I
• 30:26
  don't know if it was with the championship or playoff.
• 30:28
  I don't, I really don't remember which game.
• 30:30
  But LSU never crossed the 50. So if you were an LSU fan, you
• 30:38
  only got to see them when they were on your side of the field.
• 30:44
  Isn't that sad? You know, of course.
• 30:47
  So it's for two quarters, they were on your side of the field.
• 30:50
  And then? And the other quarter, they were
• 30:52
  on the other side and they never came toward you.
• 30:53
  Wow. So yeah.
• 30:58
  Anyway, you when you're investing in stuff like this,
• 31:00
  right, you get certain perks. And like, for example, my friend
• 31:05
  invested the Texans. You know, he's part owner.
• 31:10
  He can do things, you know, and that's that's pretty cool stuff.
• 31:14
  The next thing we talk about is bonds.
• 31:16
  Now, this one, I'm not going to sit here and tell you I know
• 31:18
  anything about bonds, but have you ever heard of Treasury
• 31:21
  bonds? No.
• 31:22
  OK. Bonds are investments you buy
• 31:26
  that you cannot cash in for 25 years.
• 31:31
  Watch 25. That's how they work.
• 31:33
  So you buy a a bond, Treasury bond for the United States
• 31:38
  government. You're not buying into the
• 31:39
  government, but you're saying I want to help the government and
• 31:42
  I'm going to give $100 to a Treasury bond.
• 31:46
  OK. And in 25 years, you get 200
• 31:49
  back. And the thing about that is when
• 31:54
  you talk about guaranteed income, the government's always
• 31:57
  going to pay you, right? So if I were to invest 10,000
• 32:00
  right now, in 20 years I'd have 20,000.
• 32:04
  You see how that works? So it double s.
• 32:06
  It double s, but is that a good investment?
• 32:09
  Because and then this is where you go into calculating
• 32:12
  compounded interest. What if I put the $10,000 into a
• 32:14
  bank account that earns 10% interest a year?
• 32:18
  So that 10,000 becomes 11, becomes 1150, That's 1250, and
• 32:24
  within 10 years you're already at 20,000.
• 32:29
  Maybe could you do that for your kid also?
• 32:33
  Wow, thank you for mentioning that again.
• 32:35
  Well, I want to say none of this is scripted.
• 32:39
  None of this is just whatever comes up in our conversation.
• 32:41
  I know you don't like to watch the news or pay attention to it,
• 32:45
  but there's a a thing that Trump is doing right now.
• 32:51
  What's that? He gave 60 million children
• 32:55
  under the age of 18 a fund of $1000.
• 33:00
  And the students are the only ones that can take that out.
• 33:04
  Parents can't. But the only way you can get it
• 33:07
  is if you register for it. So the money's there.
• 33:10
  But you just have to say, OK, here I'm cleaning my $1000 and
• 33:15
  it stays investment until they turn 18.
• 33:18
  Wow. OK.
• 33:19
  Then there's the Texas teacher, I mean, Texas tomorrow fund.
• 33:23
  This is one that I wanted to do for you, but I just, I really
• 33:26
  couldn't afford to do what I wanted to do.
• 33:29
  But you say, what is the college cost right now, $100,000?
• 33:37
  OK, I'm going to invest $100,000 into a fund right now when
• 33:43
  you're a baby, OK, by the time you turn 18, it's paid off that
• 33:49
  100,000. OK.
• 33:51
  OK, obviously I mean, you know, probably closer to like 10, but
• 33:57
  if that gets you an A college degree when you turn 18,
• 34:04
  whatever the cost of that college degree is at 18 is what
• 34:07
  gets paid by the Texas Tomorrow Fund at a state funded
• 34:09
  institution. So if you want to go to UTEP,
• 34:15
  it's 11,000 to 1511 to 20,000 and depending on food and room
• 34:20
  and board and all that, right? So 20,000 a year times 4 is
• 34:22
  80,000 right now. Yeah.
• 34:25
  That's semester for me when I started was like 600 OK now it's
• 34:33
  11,000 now granted it's been 40 years.
• 34:41
  Yeah. But that's what I'm talking
• 34:43
  about. You buy the Texas smartphone now
• 34:45
  and then 18 years when you're ready to go to college, that
• 34:49
  money is for your college education.
• 34:52
  Now what's interesting about it is it's for a Texas State funded
• 34:55
  institution, just like the Hazelwood Act is, right?
• 35:00
  Yeah. And what ends up happening, the
• 35:05
  Texas pays a Texas State institution, but they don't pay
• 35:09
  private foundations. So if you go to private school,
• 35:12
  sometimes it takes us tomorrow if it won't pay because they're
• 35:14
  a private school. So because they want to keep the
• 35:19
  money within Texas, right? If it goes to another company,
• 35:22
  it's gone. If you go to school outside of
• 35:24
  Texas, they don't pay. So that money is, I don't know
• 35:29
  how they give it back to you, you know, so when you're, when
• 35:35
  you're looking at that, you can start early and you can get it
• 35:39
  and you can go with your kid and, and make money.
• 35:41
  You can invest in the bank account, you can do CDs, you can
• 35:44
  reinvest in that CDs, our certificates of deposit where
• 35:46
  you put in money into an account and you can't touch it for a
• 35:49
  certain amount of time, usually 6 to 12 months.
• 35:51
  And then when it comes out, you have a certain percentage and
• 35:53
  it's higher than a savings account and it's, it's supposed
• 35:58
  to be guaranteed. So whatever you put in, you're
• 36:00
  going to get back from either the bank or the government if
• 36:02
  they fall. You know, funds are bundles of
• 36:08
  various investments. So like you have index funds or
• 36:13
  you have portfolios. And so you invest money.
• 36:16
  And if you go to like Mutual America, that's the one I used
• 36:19
  to have you pull up. They have all these different
• 36:21
  funds, right? And then they say, OK, this bank
• 36:28
  or this fund, I should say, gives you the last three months
• 36:33
  projection, one year, five year and 10 year.
• 36:39
  So if you look at it and it starts off with a a 3% interest
• 36:43
  for three months, you're like, oh, that's pretty good.
• 36:44
  And then you go to the 10 year and it has 1% interest.
• 36:47
  You're like, oh, that's that's that is not really doing well
• 36:50
  over time. Is it doing better now?
• 36:52
  Yeah, but if I would have any money in 10 years ago, it
• 36:55
  wouldn't be earning me much money.
• 36:58
  So the bonds is you give the company the index fund, your
• 37:03
  money, and then that money gets invested by what they think they
• 37:07
  want to invest in. Now I know you've heard of
• 37:14
  Bernie Madoff, no? Bernie Madoff.
• 37:19
  Yeah, he got arrested for it and that the term just slipped my
• 37:23
  mind. I had it the pyramid scheme.
• 37:26
  No, it's not a pyramid scheme. What?
• 37:30
  Do me a favor, look at what Bernie Madoff got arrested for.
• 37:33
  I can't remember the term is is escaping me right now.
• 37:36
  How do you? Even spell Bernie.
• 37:39
  Just BRN i.e. AI can fix misspelling.
• 37:46
  Just type whatever you want. Bernie Madoff?
• 37:49
  Yeah, mastermind of the largest known Ponzi's.
• 37:52
  Scheme. Ponzi scheme.
• 37:53
  That's the word, not pyramid. It was AP.
• 37:56
  So here's how it works. OK, people gave Bernie money,
• 38:02
  and let's say 10 people gave Bernie $10.00, so he has $100.
• 38:06
  Yeah. Five of those people got $12.00
• 38:10
  back and the others did not get any.
• 38:14
  So they invested those five people's money into those first
• 38:17
  ten, and then they tell their friends and they get more
• 38:20
  people. They put more money in and he
• 38:22
  pays off the other people with that money.
• 38:25
  So the money he's getting from new people is actually paying
• 38:27
  off old people. And the old people are saying,
• 38:29
  wow, I made X amount of dollars, I'm going to give you more
• 38:33
  money. But he's paying people back that
• 38:39
  every put money in like a couple years ago.
• 38:41
  So it's not a legit thing. But Bernie Madoff was a
• 38:47
  respected businessman, so why wouldn't you give him money?
• 38:54
  The stock market houses are being bought by companies that
• 39:00
  own several houses in the city, right?
• 39:04
  They fix them up and they sell them.
• 39:05
  But because they own so many houses, they can charge more for
• 39:09
  rent because other houses aren't available for the regular
• 39:13
  people. So when they sell it, they can
• 39:16
  sell at a higher price, they can rent a higher price, whatever
• 39:18
  the case may be. Texas just put a stop to that.
• 39:22
  Governments cannot, cannot invest in, I mean, companies
• 39:31
  cannot invest in buying property.
• 39:33
  So that's going to bring down the prices of houses too and
• 39:35
  make them more available, I think.
• 39:38
  I would hope so. That that's the goal, right?
• 39:42
  But if I was investing with that company, I'd be making money
• 39:48
  right at the same time, could they take my money and steal it?
• 39:51
  And yeah, because it's, I don't have any guarantee of it.
• 39:54
  It's not in a safe place. So when you're investing in
• 39:58
  funds, make sure you research the fund, make sure that, you
• 40:00
  know, they've been around there with a a good company and
• 40:03
  understand that, you know, you want to make sure they're good.
• 40:07
  Now another thing happens a lot is companies get bought out,
• 40:10
  right? Like Rd. bought out Mackey.
• 40:15
  OK, Yeah. Road is a better company than
• 40:22
  Mackey and it's absorbing it into Road and it's going to
• 40:25
  raise Mackey to Rd. standards. That's that's what it's supposed
• 40:29
  to be. It's supposed to be OK.
• 40:31
  I would hope so. So if you research a company
• 40:34
  like for example, I, I bank online with Blue Vine and you
• 40:38
  know, that's not a big bank, but that's the company I, I have and
• 40:43
  they just got bought by Valley Bank and that's going to open up
• 40:46
  more options for me because blue line was just a business account
• 40:50
  really. Now I have all of that.
• 40:53
  So when something gets bought out it, it increases your value
• 40:58
  in it. Maybe not your money so much.
• 41:00
  Maybe they'll be able to give you more money on savings
• 41:02
  accounts, that kind of stuff, you know.
• 41:05
  And last but not least, you have Iras and the four O 1 KS.
• 41:11
  There's some terms inside here that you need to be aware of.
• 41:15
  There's a term called being vetted.
• 41:17
  I mean vested, OK, before the company will pay into your
• 41:23
  account, you have to be there a whole year.
• 41:27
  And then when you reach the year, they give you X amount of
• 41:29
  dollars into your 4O1K all right, but you have to be
• 41:34
  vested. Now you can be investing in that
• 41:36
  four O 1K the whole year. They just don't match it.
• 41:39
  So a lot of times you have companies putting in three to 5%
• 41:44
  into a savings fund for you, OK, plus you're 3 to 5%.
• 41:49
  So again, I don't know percentages specifically is
• 41:52
  where you go talk to a financial advisor.
• 41:54
  But if you can put as much money as you wanted to four O 1K plan,
• 42:01
  I don't think there's a limit, OK, If they invested, right,
• 42:06
  That plan when we're talking about funds are managed by a
• 42:09
  group. If they save that money, it gets
• 42:12
  put away and before you know it, your investment goes up, right?
• 42:17
  A Roth four O 1 is, I mean a Roth IRA is after Oh by the way,
• 42:24
  those funds that go into the four O 1K are non taxed.
• 42:27
  So like if you make $1000 a month and you invest 100, a $100
• 42:31
  goes in there and then you only get taxed on your 900.
• 42:34
  But when you take it out, you get taxed on everything you put
• 42:37
  in there because it hasn't been taxed, including the gains.
• 42:41
  The Roth IRA is you put money in there after taxes and you can
• 42:46
  put up to like 6800, I forget what the number is.
• 42:50
  Every year when you pull out, the only thing that you'd pay
• 42:56
  interest on is the interest. So those are the four things we
• 43:02
  talked about when we're investing.
• 43:04
  That's a lot, right? We're not even talking about
• 43:08
  crypto 4X, none of that stuff. I'll tell you what, let's hear
• 43:13
  the story from the fire that we have for today and we can
• 43:16
  definitely discuss, sorry, Lena's story.
• 43:29
  All right? Lena has a story that at 22 she
• 43:32
  started investing. So let's let's hear her story,
• 43:34
  all right? In today's story from the fire,
• 43:45
  Lena started investing $100 a month in a Roth IRA at age 22.
• 43:51
  By 32, she had over $20,000 and she barely noticed the money
• 43:55
  leaving her account. Her future self is already
• 43:58
  thanking her for starting early. That was a story from the fire,
• 44:01
  Murph. Man, are you feeling the heat?
• 44:11
  I'm definitely feeling the heat. We have this story from Linda.
• 44:15
  A hundred a month at age 22. By 32, she had $20,000.
• 44:21
  Sorry. Honest thing with this new toy.
• 44:24
  It's not a new toy, OK? Not a new toy, man.
• 44:31
  OK, I'm sorry. It's because my eyes are like, I
• 44:35
  don't know why it's hurting my eyes.
• 44:38
  It's too bright. It's.
• 44:39
  Too bright. I don't know how bright light,
• 44:43
  so you know. Night light.
• 44:53
  We bought this light and I'm I'm going to show you something
• 44:57
  really cool. It it's it's an LED light that
• 44:59
  you can go from warm to cool colors, but it's remote
• 45:02
  controlled right. Every every fan has that right,
• 45:05
  But this one has different speeds on the fan and I'm
• 45:10
  putting up to maximum speed and it it blows.
• 45:13
  You can feel the blowing on it, right?
• 45:15
  The breeze, yeah. Not the blow.
• 45:18
  You can feel the breeze blowing. Is that better?
• 45:21
  Yeah. Now don't talk and listen to how
• 45:24
  quiet it is. You can't hear it.
• 45:31
  How cool is that? That's very cool.
• 45:34
  So. Now I'm cold.
• 45:36
  Thank you for that. I turned it off already, but
• 45:40
  yeah, so part of it Connors like it's too bright.
• 45:43
  So he was changing the light. I had it in there because I'd
• 45:45
  like to break, you know, But that's the thing.
• 45:47
  You can adjust it for each person so.
• 45:49
  Yeah, it was just, I don't know, it was in my eyes directly and I
• 45:53
  was on the screen like the computer last night.
• 45:55
  So I had to rest my eyes and they come back the next morning.
• 46:00
  Poor baby. Some more bright lights.
• 46:02
  Poor baby. Whatever, whatever.
• 46:06
  We we paid to have the light blocked the blue blocker.
• 46:10
  Remember we talked about that should help you when you have on
• 46:14
  the computers. I think it's because I work at
• 46:17
  night that's why. Well, yeah, maybe so it's a
• 46:21
  little bit. There's no really blue light if
• 46:23
  it's just one light. Completely different side note
• 46:26
  here. If you're studying for college
• 46:28
  or school, high school, whatever, and you're doing work,
• 46:32
  do it on a desk with the light on, not on your bed with the
• 46:34
  lights off and TV on. Well now just have lights on
• 46:39
  anywhere you go. Yeah.
• 46:42
  Because just that computer light does not help.
• 46:46
  Right. At all.
• 46:48
  My eyes are hurting. Maybe you need to get off your
• 46:51
  goddamn phone. I'm not.
• 46:54
  I wasn't even on as much last night or yesterday.
• 46:58
  That just shows how often you study.
• 47:00
  You're not used to doing it. Yeah.
• 47:04
  Anyway, you know, we've talked about the question.
• 47:07
  We talked about what compounded interest was.
• 47:09
  We talked about her definitions. We talked about the story with
• 47:11
  Lenna and how she invested her money.
• 47:13
  But now let's get to what you can do to invest money.
• 47:18
  All right, let's get to this call to action called the Heat
• 47:21
  map. All righty.
• 47:31
  The heat map will show you where to focus your efforts for the
• 47:34
  most impact. If your job offers a four O 1K
• 47:37
  match, contribute enough to get the full match.
• 47:40
  It's free money. Open a Roth IRA and automate
• 47:44
  monthly contributions to save for retirement tax free.
• 47:47
  Invest consistently in low cost index funds for reliable long
• 47:51
  term growth. Avoid the distraction of trying
• 47:54
  to pick individual stocks manually.
• 47:57
  Murph man, the MIC is yours to walk through these action items.
• 48:06
  All right. Testing.
• 48:07
  Hello. No, you could hear it.
• 48:09
  It's just me. It's the mic.
• 48:10
  I don't. Even hear it.
• 48:14
  OK, yeah, I don't know what you don't hear.
• 48:19
  Sorry, guys. Every time I talk, apparently I
• 48:23
  have some static with it. I think it's because I'm talking
• 48:26
  too quietly. I don't know.
• 48:30
  I don't know, but there's actually something I'm doing to
• 48:34
  fix the Mickey. I'm not going to do it right
• 48:35
  now, but we're going to finally get it tuned to our voices.
• 48:42
  So I say finally, we're already in episode 56.
• 48:47
  Finally, after let's see 56 weeks.
• 48:51
  Over a year of shows. That's how many months or what?
• 48:59
  12 months and two weeks or 4 weeks, so 13 months.
• 49:11
  Yeah, yeah, yeah. Our first episode was.
• 49:16
  August 4th, 2025. So it's been a year and two
• 49:23
  months. Right.
• 49:25
  But we took that month off when we were redoing the studio.
• 49:29
  Oh, well, true. Yeah.
• 49:32
  Well, no, because we still made the same amount of episodes we
• 49:35
  would have made in that month, No.
• 49:37
  There was some that we took a radio day.
• 49:40
  Because we did episode. We couldn't do an episode.
• 49:44
  We did it the other. Day we did some that were
• 49:46
  advanced, so we did some, yes, but there was some that we still
• 49:50
  weren't ready with the studio, so we tore everything down and
• 49:53
  we couldn't record because it would have been a torn down
• 49:55
  studio. So we took a couple radio days
• 49:57
  and then you came in here and you fixed everything up.
• 49:59
  This is all his work, by the way.
• 50:02
  True, yeah. Right.
• 50:05
  OK. So yeah, anyway, let's get to
• 50:10
  the heat map. Your job offers a four O 1K
• 50:13
  match, contributing up to get the full match.
• 50:15
  It's free money. So if you invest a dollar,
• 50:20
  they're going to give you a dollar, but if you invest 100,
• 50:23
  they're going to give you 100 because they match up to a
• 50:26
  certain amount. So you want to Max that.
• 50:28
  That's free money. You're literally doubling your
• 50:30
  money without any interest compounding yet.
• 50:34
  Think about that. If I put 100, I put 100 and now
• 50:35
  I have $200 in the account, right?
• 50:39
  That's really cool. They match.
• 50:42
  That's the difference between matching and vetted or vested
• 50:45
  and them giving you a certain amount of your paycheck into
• 50:48
  there. They can, they can vest you and
• 50:51
  then once they start putting money in every month, if you
• 50:55
  don't match it, you're not losing any money.
• 50:57
  They're giving you that here. If you, if you have a matching
• 50:59
  fund, you have to put money in and they match what you put in
• 51:02
  to a certain amount. So you're immediately doubling
• 51:05
  your money. I don't know what the maximum
• 51:09
  amounts are or anything. Check with a financial
• 51:11
  consultant, but think about that.
• 51:14
  You double your money immediately.
• 51:18
  That's pretty cool, right? Yeah.
• 51:20
  OK. I'm sorry, what was that?
• 51:25
  close the door so and then, well, sorry, Open a Roth IRA and
• 51:35
  automate monthly contributions to save your retirement tax
• 51:38
  free. Remember we talked about this,
• 51:40
  the investment is tax free. It's tax free because you're
• 51:49
  paying, you're putting into it after taxes have been taking
• 51:54
  out, then invest consistently in low cost index funds for
• 51:58
  reliable long term growth. If you're in TikTok and you're
• 52:02
  talking about different things that we're doing, OK, there's a
• 52:06
  TikTok out there about if I pay your investment banker up 1% of
• 52:11
  your income, well, because they're managing it for you,
• 52:15
  they're doing the investing for you.
• 52:16
  That's what you're paying them for.
• 52:18
  But if you could do it yourself, it lowers the cost of the next
• 52:23
  one. OK.
• 52:29
  Excuse me And avoid the distraction of trying to pick
• 52:32
  individual stocks manually. There is so much you could do
• 52:37
  with investing nowadays. You can literally go in and
• 52:43
  research stocks. You have the Internet.
• 52:45
  Before you had to read the paper and you you didn't get a real
• 52:48
  time. You know, you know the banner
• 52:50
  that goes across the bottom? Those are called tickers.
• 52:53
  Do you know why they're called tickers?
• 52:55
  Because it's a clock. No, sorry.
• 53:00
  The batter goes across the bottom.
• 53:02
  Is it a clock? Well, but like it's changing, so
• 53:07
  it's like over time. No, no.
• 53:13
  A ticker is a machine that would receive an electronic signal and
• 53:17
  it would type and it would come out of this ribbon of paper and
• 53:22
  that's why it's called ticker. And you would have to get the
• 53:26
  stocks as they came in. So you have to read the entire
• 53:30
  ribbon for getting back to the stock you're interested in.
• 53:34
  So that's how the old days were. Damn.
• 53:37
  OK. If you're on the Internet, you'd
• 53:42
  see stocks prices real time with a a minute or a couple minutes
• 53:46
  delay because you can't see it as it's happening.
• 53:51
  The stock brokers that are on the ground in Wall Street that
• 53:55
  trade, they're the ones that see the actual numbers, but
• 54:00
  investment brokers, they have the actual numbers too.
• 54:03
  The Internet is a little delayed, but if you can get in
• 54:06
  on something right away, boom, you're in and you're good.
• 54:09
  OK. So keep that in mind as we take
• 54:15
  a second break. And when we come back from the
• 54:18
  break, we're going to talk about those pitfalls that you might
• 54:20
  have in investing. So we'll be right back after
• 54:24
  these messages. It's time for a break.
• 54:28
  Hot takes with the Murph man. We'll be right back.
• 54:56
  Stepping out this hotel window and floors above, what's missing
• 55:03
  down there is love. Thinking through the smoke that
• 55:11
  fills my mind. Don't worry, it's not my first
• 55:16
  time. I've been looking for you since
• 55:38
  I stepped foot in this town. Say it's all inside heaven and
• 55:59
  hell. What happened to that Angel when
• 56:03
  he fell? Give it one try.
• 56:09
  Tell me you don't like it. Maybe.
• 56:12
  God for a moment. Don't survive this.
• 56:15
  I need your amigo. So good seeing you.
• 56:23
  I won't be seeing you around. I need your amigo.
• 56:33
  I've been looking for you. Step aside and breathe.
• 57:08
  Play a little in the street. Hope it's not me they're
• 57:13
  sending. Get the kids a little scared.
• 57:23
  Holy fences, they need mending. So glad seeing you.
• 57:34
  I won't be seeing you around. He was Amiga.
• 57:43
  I've been looking for you and I step bored in this town.
• 57:49
  He was Amiga seeing you. He's seeing you around.
• 58:09
  See you soon. The station where our veterans
• 58:59
  voices are heard. MBR.
• 59:01
  Talk Hey, thanks for supporting our channel by watching and
• 59:05
  listening. Find us on the web at MB Radio.
• 59:09
  Before we get back to the show, Hot Takes with the Murph Man
• 59:11
  streams live every Saturday at 12:00 PM Eastern with military
• 59:15
  broadcast radio at MB Radio dot US.
• 59:18
  We give veterans a voice. We help them launch their own
• 59:20
  podcasts. Check out all our socials at
• 59:23
  Pure Hot Takes. Head over to purehottakes.com to
• 59:25
  stay locked in. All right, how's everyone doing?
• 59:29
  We're back. We are back.
• 59:32
  Dallas Alexander song that just played.
• 59:34
  Adios amigo. One of my favorite songs of all
• 59:37
  time, I think. What do you think, Connor?
• 59:39
  Of all time. Of all time.
• 59:41
  That's a little too much you. Think it's a little too much?
• 59:43
  Why do you say that? And.
• 59:44
  Of all the songs you would play this, would you add this to your
• 59:49
  playlist to listen to like in the car?
• 59:53
  No, I don't like to listen to it here.
• 59:55
  Yeah. You know, I'm trying to do
• 59:59
  something here and it's not letting me.
• 1:00:02
  Yeah, I had it set up beforehand.
• 1:00:04
  Well, that's not what I wanted to do.
• 1:00:13
  That was another thing I was trying to do.
• 1:00:14
  Oh. Well.
• 1:00:18
  All right. Thank you.
• 1:00:20
  Though I'm a, I'm an Android guy.
• 1:00:24
  I don't do the Apple, Apple stuff.
• 1:00:30
  So it's it's all new to me. Even though I've had it for a
• 1:00:37
  couple years now. You've had it for a long time.
• 1:00:39
  Like how much? How long do you think it it it's
• 1:00:42
  been? 7th grade. 6th grade when we
• 1:00:48
  moved here. Yeah, I'd say that.
• 1:00:51
  I had the iPhone XR in red. In red.
• 1:00:57
  Yep. Is that what you had?
• 1:00:59
  Yep. From what I remember, yeah.
• 1:01:05
  Was it red? There's no red iPhones.
• 1:01:08
  Yeah, there is. There could be any color, dude.
• 1:01:12
  There's turquoise, there's Ember, there's lag.
• 1:01:18
  Look, look it up. Different colors of iPhones on
• 1:01:22
  your phone. OK, here I'm, I'm trying to get
• 1:01:28
  this out here. You guys, I'm sorry so you can
• 1:01:31
  talk about this. No cameras found.
• 1:01:37
  I'm not trying to watch a camera, I'm trying to share a
• 1:01:39
  screen. Of what phone?
• 1:01:44
  Cell phone, What colors have they had?
• 1:01:47
  Of like all the phones what because they they.
• 1:01:52
  Color iPhones have been just That's what I'm asking I.
• 1:01:54
  Don't know, Sean, there's a lot they don't have every color of
• 1:01:58
  the same iPhone every model has. I didn't ask you the model, I
• 1:02:01
  said what colors have they come in?
• 1:02:03
  That's it. I.
• 1:02:03
  Don't know, Red, black, silver, white, burgundy, like there's a
• 1:02:08
  lot. Dude, I asked you to look it up.
• 1:02:10
  I'm looking it up. So read them.
• 1:02:12
  What are the colors? All right, that's what I'm
• 1:02:13
  asking. Literally I'm telling you the
• 1:02:16
  colors. Jesus Christ, What?
• 1:02:19
  You're telling me the colors? I'm telling you the colors.
• 1:02:21
  I'm literally telling you the colors.
• 1:02:22
  No, you're telling me you're just giving me what you
• 1:02:25
  remember. I'm asking Tell me when where
• 1:02:28
  the red one is. That's what I want to.
• 1:02:30
  See then red. Same red.
• 1:02:34
  Sorry you guys tell you we're real father son stuff can see.
• 1:02:44
  So yeah, I'm trying to get my camera set up.
• 1:02:47
  IPhone XR, iPhone 11 and iPhone 12 they had red different types
• 1:02:50
  of red. Really.
• 1:02:51
  Yes. OK, see, I didn't know that.
• 1:02:54
  I didn't know that, so thank you for telling me.
• 1:02:58
  All right. Anyway, I'm having trouble with
• 1:03:02
  this here. What are you trying to do?
• 1:03:06
  Compounded interest. So do me a favor, give me the
• 1:03:10
  keyboard. All right, everyone, hold on
• 1:03:15
  here for a SEC. Let me get to my my screen share
• 1:03:20
  here. So, compounded interest, I'm
• 1:03:28
  going to show you how this works.
• 1:03:29
  OK. So let's see kind of how, what
• 1:03:36
  do you think it takes to get to $1,000,000 starting at your age?
• 1:03:40
  I don't know, it depends how much money I make.
• 1:03:44
  Right. But I mean like, what do you
• 1:03:46
  think? I don't know.
• 1:03:49
  It could be 10 years. I would say maybe.
• 1:03:55
  To get $2,000,000, well, if you have $100,000 a year job, yeah,
• 1:03:59
  10 years you'll get a million. But I'm talking about investing.
• 1:04:03
  30 I would say takes a while. All right, let's see here.
• 1:04:14
  Let's see if it we can do this. All right, that's what I wanted
• 1:04:17
  to see. Now let me come over here and
• 1:04:20
  share it. That's why do you have that.
• 1:04:26
  All right, hold on, I'm coming. I'm coming.
• 1:04:28
  All right, So what I'm going to do right now is I'm going to
• 1:04:32
  show you how this works and how we get the money put into this,
• 1:04:35
  OK? Part of it is as we get the
• 1:04:39
  money, we invested in a certain amount.
• 1:04:43
  So this is how it works, OK? So as we're doing this, I want
• 1:04:47
  you to think about it. Let's start off with an initial
• 1:04:50
  deposit, OK, $100 a month. OK, we're going to do months
• 1:04:57
  here over 40 years. All right, APR, simple one here,
• 1:05:06
  OK, for 40, this deposit, 40 months.
• 1:05:13
  No, that's, that's forty months. I'm sorry, 40 * 12480.
• 1:05:22
  All right. So your $100 becomes, oh, that's
• 1:05:27
  not right. This calculator is not doing
• 1:05:29
  what it's supposed to. What do you mean?
• 1:05:33
  I'm putting in $100 a month, but it's not doing it that way.
• 1:05:37
  So if I put $1000, Yeah. It's from when whatever you
• 1:05:43
  would deposit and then just how long it stays in the account
• 1:05:48
  for. Yeah, so it this is not what I
• 1:05:52
  was looking for. Well, that's how.
• 1:05:54
  You but but The thing is your money grows in five years 160
• 1:05:59
  dollars OK, but if you this is not that's ACD that's why hold
• 1:06:07
  on. I am so sorry then, I hate this.
• 1:06:22
  Everyone's seen how bad my typing is.
• 1:06:25
  Really bad It is. I'm not going to lie, it is very
• 1:06:29
  bad, OK? There, right there, right there.
• 1:06:40
  There we go. All right, so initial investment
• 1:06:44
  $1000, monthly contribution $100, terms in years 40.
• 1:06:52
  All right. An interest rate of let's say
• 1:06:55
  3%, how much do you think you're going to have at the end of the
• 1:07:03
  40 years putting $100 a month? I don't know, almost 100,000.
• 1:07:18
  So 480 months, $100 each, that's 48,000 you're putting in, but at
• 1:07:26
  the end of 40 years, you're having 100,000.
• 1:07:34
  You see how that works? This is just investing at 3%
• 1:07:36
  interest. That's what the green line is.
• 1:07:39
  But compounded interest, you're getting this much more.
• 1:07:43
  That's what, 3% interest? Yeah.
• 1:07:46
  But if you go and you say compounded this to monthly, this
• 1:07:52
  is where quarterly compounded quarterly, look at the
• 1:07:56
  difference in the amount 5000. But if you get a 10% interest
• 1:08:01
  rate, look at the difference three times the amount.
• 1:08:08
  Let me do 663,000 same money, different interest rate,
• 1:08:14
  different quarterly compounded. So let's do this, do it annually
• 1:08:19
  calculate that's more realistic. But your 100,000 investment at
• 1:08:24
  3% and that gives you 500,000 at 10%.
• 1:08:30
  Do you see the 4400 thousand dollar difference just for those
• 1:08:33
  seven percentage points? Yes, that is what compounded
• 1:08:37
  interest does for you. OK, that that's what's so, so
• 1:08:41
  interesting about the, the funds and how they're deposited and
• 1:08:47
  how they're compounded and everything.
• 1:08:50
  So keep that in mind as you invest money, OK, it's a long
• 1:08:55
  term investment, but even $100 a month, think about that Connor,
• 1:08:58
  right now at $100 a month, OK, if you had a paycheck and you
• 1:09:04
  put $100 a month away, great. But when you get to your first
• 1:09:08
  real job and you get $50,000 a year, now that 100 can become
• 1:09:13
  200 maybe, right? Imagine when I die and you have
• 1:09:19
  15 or sixteen, $1700 a month that you can invest that math,
• 1:09:27
  you had a one and a half million easy.
• 1:09:32
  So compounded interest has a really, really big deal on, on
• 1:09:35
  how you save and how, how much your investment earns and all
• 1:09:38
  that, right? Yeah.
• 1:09:40
  OK. Anything of this interesting to
• 1:09:42
  you at all? Yeah, that's like stuff I
• 1:09:45
  learned in math. Well, you, yeah, you learned it,
• 1:09:48
  but did you understand it? Did you understand what it
• 1:09:51
  meant? OK, it really putting in money
• 1:09:55
  is one of those things that you you really can't calculate.
• 1:10:02
  So let's talk about some of the pitfalls you'll have in where
• 1:10:05
  you'll get burned. Let's talk about where you'll
• 1:10:16
  get burned through these common pitfalls.
• 1:10:19
  Waiting until you know everything before taking any
• 1:10:21
  action. Chasing hot individual stocks
• 1:10:25
  instead of sticking to diversified options, Panicking
• 1:10:28
  during market dips and selling investments at a loss.
• 1:10:32
  Treating long term investing like a short term Sprint.
• 1:10:36
  Over to you, Murph Mann, to steer us clear of these pitfalls
• 1:10:39
  all. Right.
• 1:10:40
  Wait until you know everything before you do this.
• 1:10:44
  It's not good, OK, because you're just wasting time chasing
• 1:10:48
  hot individual stocks instead of sticking to diversified options.
• 1:10:51
  Diversified meaning across different things.
• 1:10:54
  Like for example, if we invest in AI in computers, right, and
• 1:11:01
  the computer goes away for whatever reason, then that stock
• 1:11:09
  goes away. So they want to be diversified,
• 1:11:11
  have it in food, have it in drinks, have it in tech, have it
• 1:11:14
  in bonds and index funds and you know, diversify your account.
• 1:11:18
  Don't just get one type of fund or one type of stock or
• 1:11:21
  whatever. Tasting those stocks is where
• 1:11:26
  you lose your money. All right, while you're
• 1:11:30
  researching it and you say I'm going to wait till I understand
• 1:11:32
  it all. No, just put a little bit of
• 1:11:33
  money away and just basic savings and it'll compound.
• 1:11:36
  But if you're trying to get hot, that doesn't work either.
• 1:11:39
  That's day trading and some people are good at it.
• 1:11:42
  You know some people are not and then panicking during market
• 1:11:45
  dips, selling investments at a loss.
• 1:11:47
  Now let's talk about that real quick.
• 1:11:53
  When stocks are going down, let's say I'm, I'm investing
• 1:11:55
  $100 a month in Coke, Coca-Cola, although Coke is a really good
• 1:12:02
  return under anyway, you're paying $1000 a month or $100 a
• 1:12:10
  month into Coke stock, right? And the stock crashes to $20
• 1:12:14
  from 100, right? You're like, what was worth
• 1:12:19
  100,000 is now worth 20,000. If you hadn't a lot of
• 1:12:22
  investors, I'm just using basic numbers here.
• 1:12:25
  And you keep investing the $100. Well, guess what?
• 1:12:28
  Instead of buying 1 stock at 100, you're buying five at 20.
• 1:12:32
  So when that bounces back, you can be way ahead.
• 1:12:36
  So a lot of people say it's going down, don't invest.
• 1:12:38
  Actually, that's the best time to invest because stocks are
• 1:12:42
  going down. Now, are they going down because
• 1:12:45
  the market and so on and so forth, or are they going down
• 1:12:48
  because that's what it should be, right.
• 1:12:51
  And if something happened to the company, like let's say Subway,
• 1:12:57
  they had a spokesman, Jared. Have you ever seen Jared?
• 1:12:59
  No, he, he got hired to be the spokesman of Subway because he
• 1:13:04
  went in every day and bought Subs and he, he showed his
• 1:13:06
  weight loss and Subway say, come on and work for us.
• 1:13:09
  Well, turns out he's he was a pedophile, so his whole campaign
• 1:13:13
  got blasted and Subway lost a bunch of funds.
• 1:13:16
  They've recovered since, but they were, I think they were
• 1:13:20
  even higher back then. So ask yourself, why are they
• 1:13:24
  going down? Is it just the whole market
• 1:13:26
  going down or is it just that one stock or that one area of
• 1:13:29
  stocks? Like the diversification we
• 1:13:31
  talked about, technology can go up, but everything else stays
• 1:13:33
  the same. Right now, food prices are going
• 1:13:35
  up because oil is going up, you know, and this, do you
• 1:13:37
  understand how that works, by the way, why how oil goes up and
• 1:13:40
  our food prices go up? All right, A truck cost $100 to
• 1:13:46
  go from New York to LA, right? And their gas cost was $20.
• 1:13:53
  Now their gas cost is 50. What are they going to share?
• 1:13:58
  So another, the company that pays them is going to charge the
• 1:14:02
  shipper and the shippers are going to charge the company that
• 1:14:05
  shipped the the product or money.
• 1:14:06
  So they're going to raise their prices at the grocery store to
• 1:14:10
  pay for the truck to get to us, and then the prices of our food
• 1:14:16
  goes up. Yeah, OK.
• 1:14:19
  Now with the oil companies, they will sometimes stop producing so
• 1:14:25
  much oil. So there's less oil out there.
• 1:14:28
  And because of that, there's not enough oil to really keep up the
• 1:14:31
  demand. So when when a company A can pay
• 1:14:34
  you 100 and Company B pays you 200, you're going to ship it
• 1:14:38
  with Company B and now your gas is going to go up.
• 1:14:41
  OK, Couple years ago, I want to say during COVID or right after
• 1:14:46
  COVID, there was a container ship.
• 1:14:50
  You know, a container ship is right that was stranded in this
• 1:14:54
  in I believe the Suez Canal. I might be completely wrong on
• 1:14:58
  that. Don't, don't quote me, that one
• 1:15:02
  ship was blocking product to get here.
• 1:15:07
  Some of those products were perishable, meaning they were
• 1:15:09
  food and they expired and they went bad and they molded.
• 1:15:13
  So all that was lost. So those companies that were
• 1:15:15
  expecting to sell it at the market lost millions and
• 1:15:18
  millions of billions of dollars. If you actually look it up,
• 1:15:21
  you'll see, but that those companies had to recoup those
• 1:15:25
  millions of dollars. So prices all over the world
• 1:15:27
  went up, you know, and once the chain started moving again and
• 1:15:35
  people had the product, they didn't lower their prices.
• 1:15:38
  So that's one of those things where prices go up and no one
• 1:15:42
  says, and I'll tell you how this works.
• 1:15:44
  I was at Arby's yesterday, but a large, an extra large drink.
• 1:15:49
  How much do you think that drink cost now?
• 1:15:52
  354 bucks. 420 OK, I was complaining when it was $2.00 a
• 1:15:59
  drink. Now it's more than double.
• 1:16:02
  It's crazy. So everything is going up and
• 1:16:09
  stocks and bonds, you know go up and down.
• 1:16:12
  Now if the price of oil is going up, but your market is going up,
• 1:16:16
  right? You can say as a consumer it
• 1:16:19
  sucks for me, but as an investor it's great because I'm making
• 1:16:21
  more money because what oil is going to drop down again?
• 1:16:25
  Now you can do futures where you bet on the stock to go down and
• 1:16:30
  you were right, So you win. You know, there's all these
• 1:16:33
  sorts in there. There's all these sorts.
• 1:16:34
  I don't care about them, all right?
• 1:16:36
  But when you're really looking at all of it, you can say, hey,
• 1:16:40
  these are things that I can invest money in.
• 1:16:43
  Why should I invest in? Research a little bit,
• 1:16:45
  understand it more, and you'll be able to invest your money
• 1:16:50
  safely and not really be too big of an issue.
• 1:16:55
  OK, What are you thinking? No, I'm just.
• 1:16:58
  Yeah, put any comments instead of private talk.
• 1:17:05
  Yeah, I kind of forgot. It kind of forgot.
• 1:17:11
  Well, for those of you reading the chat, yeah, it's pretty
• 1:17:16
  funny. Connor.
• 1:17:17
  He was putting out private business out there.
• 1:17:20
  Yeah, my bad. All right, so we've talked about
• 1:17:22
  where you're going to get burned.
• 1:17:23
  Let's talk about those things that will stop you from getting
• 1:17:25
  burned and avoid those pitfalls in our statement called heat
• 1:17:29
  Shields. Here are your heat Shields.
• 1:17:40
  Intentional prep through dedicated research sessions.
• 1:17:43
  Regular portfolio check. Insurance to guard against
• 1:17:46
  external pressure. Automated systems that protect
• 1:17:49
  your strategy from emotional decision making.
• 1:17:52
  Continuous learning to stay grounded during market
• 1:17:55
  volatility. Murph man, take it away with
• 1:17:58
  these protective strategies. All right, so let's talk about
• 1:18:02
  this a little bit. Intentional prep through
• 1:18:05
  dedicated research sessions. It's a job, you're making money.
• 1:18:08
  You have to work at it. You can't just put money in and
• 1:18:10
  don't touch. And because you don't know
• 1:18:12
  what's happening in the stock market, you could just be
• 1:18:13
  blowing your money and wasting it, right?
• 1:18:17
  So we want to make sure we do that correctly.
• 1:18:20
  As you go forward on this, you want to have some knowledge, OK,
• 1:18:28
  Research it a little bit. And again, people use AI for
• 1:18:31
  everything. I don't say use AI to invest,
• 1:18:34
  but you can say I don't understand what's happening in
• 1:18:36
  the market. Explain it to me and it'll
• 1:18:38
  explain to you. Now I want to invest in tech
• 1:18:41
  bonds or tech stock or tech funds.
• 1:18:44
  What do you recommend? And it starts giving you ideas.
• 1:18:46
  Don't say I have $100, how do I invest?
• 1:18:48
  It is. It might help you, but then
• 1:18:50
  again it might not because AI can be wrong and like was
• 1:18:54
  Thursday or Friday, Google had a worldwide shutdown like AI
• 1:19:00
  wasn't working. Wow.
• 1:19:02
  And I was just like, this is crazy.
• 1:19:04
  You know, I'm trying to do some work and I couldn't do it.
• 1:19:07
  I was doing my contracts and I couldn't do it.
• 1:19:11
  What happened or what? I, I never bothered looking up
• 1:19:14
  why it went down. OK, but I bet you, if you looked
• 1:19:16
  at the stock market at that moment, people panicked and they
• 1:19:19
  sold the stock in Google and the price went down.
• 1:19:23
  But I'll, and it's going to go back up and those people are
• 1:19:26
  losing all the money. So regular portfolio check
• 1:19:30
  insurance to guard against external pressure.
• 1:19:33
  When you have a portfolio, you want to make sure you go into it
• 1:19:36
  and check it on a on basis because if you're, if you have
• 1:19:39
  any money and it's going down, down, down, you're not checking
• 1:19:41
  it for three months, you've lost thousands of dollars.
• 1:19:43
  You're like, ah, crap, I should have checked it sooner, right?
• 1:19:45
  And then automated systems that protect your strategy from
• 1:19:49
  emotional decision making. If you have $100 going into your
• 1:19:52
  bank account before you even see your paycheck, you don't tend to
• 1:19:55
  think about it and it's hard to stop at $100, OK, it's hard to
• 1:20:02
  say, OK, we have this, we have that.
• 1:20:06
  But what I do now, you know when you have the money going out of
• 1:20:11
  your account, you don't even see it automatically like your
• 1:20:14
  vested IRA funds or Roth IRA, whatever you're going to put in
• 1:20:17
  and it's automatically to have your paycheck.
• 1:20:20
  It goes on. You don't think twice about it,
• 1:20:22
  you don't, you know, but if you don't invest like that from the
• 1:20:29
  very beginning, like I said, $100 a month right now to you is
• 1:20:32
  hard because you don't have $100, right?
• 1:20:35
  If you can put ten or five, put 10 or 5, right?
• 1:20:38
  That's the way it goes. And then when you make more
• 1:20:44
  money, you put a percentage back in and more money.
• 1:20:47
  And if you can live safely on a certain amount and you get a
• 1:20:51
  raise, put that raise into savings, don't even touch it.
• 1:20:57
  And then as you get older and you get more money, more
• 1:21:01
  experience, more money goes into savings and you need to keep
• 1:21:04
  living on the same amount, maybe a little more because obviously
• 1:21:06
  things getting more expensive, but you're able to save money
• 1:21:10
  like that investing your, your salary increases.
• 1:21:14
  All right. And learning to stay grounded
• 1:21:17
  during volatile markets. We talked about this the two
• 1:21:22
  days, Black Monday, right? And Black Friday.
• 1:21:27
  I think it was right. Which one was the Great
• 1:21:30
  Depression? Tuesday?
• 1:21:35
  Was it Tuesday? OK it.
• 1:21:38
  Was on a Tuesday. All right, I thought it was
• 1:21:41
  Friday and a Monday. Well, look at it.
• 1:21:46
  My phone's off is charging. When when were those market
• 1:21:56
  failures market crash? Let's see.
• 1:22:08
  That's the better term. Yeah, that failures crash.
• 1:22:10
  Black Thursday. Black Monday.
• 1:22:12
  Black Tuesday. OK, which one is?
• 1:22:15
  Tell me what Thursday? Tell me what each one was just.
• 1:22:18
  Right Black Thursday it was just the panic selling.
• 1:22:24
  So 12.9 million shares got traded like Monday and it
• 1:22:29
  plunged 13%. That means 13% of the world's
• 1:22:34
  worth just dropped. And then Black Tuesday was where
• 1:22:39
  16,000,000 shares were traded, which wiped out billions of
• 1:22:43
  dollars. Billions, OK, if you don't have
• 1:22:49
  the the good savings, if you don't have stuff like that and
• 1:22:54
  your life depends on marketing and on investing and you know,
• 1:22:59
  you have to pay things, whatever the case may be, if you don't
• 1:23:03
  have that anymore, your value goes down.
• 1:23:05
  People were killing themselves. They were literally jumping out
• 1:23:08
  of their buildings after they saw the ticker.
• 1:23:11
  You know, things are going to go up and down.
• 1:23:16
  OK. And in some cases, yeah, they're
• 1:23:17
  they can be very bad. There's a movie called Margin
• 1:23:22
  Call where they had the housing market and there was a bubble
• 1:23:28
  that they were investing in in the houses and they didn't have
• 1:23:34
  the value that they needed to sell them.
• 1:23:37
  So what ended up happening was they had to cut it short and
• 1:23:42
  just get rid of their properties because they couldn't afford it
• 1:23:44
  anymore. So what I had for 100,000 is now
• 1:23:49
  worth 10,000, and I'm asking you to buy it from me.
• 1:23:53
  And people lost their careers, friendships, they're just so
• 1:23:58
  much negative stuff went on with it.
• 1:24:00
  That's not even funny. But it happens, you know, and
• 1:24:05
  whole careers can turn on a dime there with Bernie Madoff when I
• 1:24:12
  told you about he stole money, right?
• 1:24:15
  Yeah. Do you think that small
• 1:24:17
  companies were investing with him or do you think larger ones
• 1:24:20
  were? Larger ones I would say.
• 1:24:23
  Right. So you think about it.
• 1:24:27
  And the city of New York had his pension fund with him.
• 1:24:34
  All the people that had a pension lost it I.
• 1:24:37
  Don't know that's that's insane. It is.
• 1:24:41
  So, yeah, just be careful when you invest your money, guys.
• 1:24:43
  OK, well, we've talked about the heat shield and we've talked
• 1:24:48
  about what we can do to protect ourselves.
• 1:24:51
  But now I want you to let's get to the afterburn and let's talk
• 1:24:54
  about those things that we need to do to reflect on what we've
• 1:24:58
  learned today. In today's Afterburn, here are
• 1:25:10
  some questions for you to reflect on.
• 1:25:12
  What's one step I can take to start investing this month?
• 1:25:17
  How can I make investing feel less intimidating in my daily
• 1:25:20
  life? What's my long term vision and
• 1:25:24
  how can money support it? How can I maintain consistency
• 1:25:28
  over the next decade? Earth Man, the Floor is yours to
• 1:25:32
  reflect on these questions. All right, so let's look at
• 1:25:37
  this. OK, The questions are what's one
• 1:25:40
  step I can take to start investing this month?
• 1:25:42
  Simple, put money in the bank account.
• 1:25:45
  Done and you got it. And then the next one is how can
• 1:25:49
  I make investing feel less intimidating in your daily life?
• 1:25:53
  Well, as you do it, you have to research a little bit.
• 1:25:57
  Don't let it consume you. You know, everything in
• 1:25:59
  moderation is the best thing to do.
• 1:26:00
  OK. And then what is the long term
• 1:26:03
  vision and how can money support it?
• 1:26:06
  Well, if you're trying to invest in and buy a house or invest in
• 1:26:09
  the business, whatever the case may be, right, Maybe investing
• 1:26:12
  enough money to where the dividends support you and the
• 1:26:14
  lifestyle you can have for the rest of your life, right.
• 1:26:17
  That's that's the goal. And how can I maintain
• 1:26:19
  consistency over the next decade?
• 1:26:22
  Notice I said decade, Connor. What does that mean for you?
• 1:26:26
  10 years. What I meant was, why a decade?
• 1:26:32
  I don't know, it's a good span. Because investing and earning
• 1:26:36
  money doesn't happen overnight. It takes a long time, minimum 5
• 1:26:42
  to 10 years before you really start seeing things, 30 to 40
• 1:26:46
  years, you're really seeing the growth.
• 1:26:48
  You know, those 23 cent deposits are now $1000.
• 1:26:53
  Wow. So it's one of those things that
• 1:26:57
  you know, how, how do I do this? What do I do?
• 1:27:00
  You know, what other questions do you have about this?
• 1:27:03
  I mean, we've been talking about this.
• 1:27:04
  I know you're really interested in it, but last night when I was
• 1:27:09
  at dinner, I was talking with my cousin's wife and she says,
• 1:27:13
  what's your podcast about? And I said college and young
• 1:27:16
  adult stuff. And she says, like, what?
• 1:27:18
  And I said, well, like my favorite episode was the Naked
• 1:27:22
  Roommate. You remember that one?
• 1:27:25
  Yeah. And she says, Oh my God, I had a
• 1:27:28
  roommate in college that was a different religion than me.
• 1:27:31
  And I'm a little more of a party animal.
• 1:27:33
  And she was more of a strict person on Friday nights,
• 1:27:37
  couldn't do things. You know, she was just like it.
• 1:27:40
  There was a big clash there. No one told me that could
• 1:27:43
  happen. Just I don't know how to handle
• 1:27:45
  it. I wasn't prepared for it.
• 1:27:47
  I said that's exactly why I'm doing this, because people don't
• 1:27:51
  talk about this stuff. This stuff is boring.
• 1:27:53
  It is, I'm not going to lie, right?
• 1:27:57
  But if you start investing and start making money, guess what?
• 1:28:02
  You do pretty good, right? So I know it's boring and it you
• 1:28:07
  really don't Care now, but when you're my age and your money's
• 1:28:11
  gone and you have to try to save your wife's life or something
• 1:28:14
  stupid, that's not stupid terms. Yeah, I mean, but you know,
• 1:28:18
  things happen and you don't have the money for it.
• 1:28:21
  You make. Damn it.
• 1:28:22
  I should have been doing this 50 years ago or 30 years ago.
• 1:28:25
  Whatever. OK.
• 1:28:28
  That's why I'm talking about it now.
• 1:28:30
  That's what's important about investing now is you need to
• 1:28:34
  make the choice to invest now. Don't wait.
• 1:28:37
  Don't say I'll wait till I get more money to be able to invest
• 1:28:40
  more. I'll wait till I do X amount of
• 1:28:42
  things. Do it because that is where you
• 1:28:49
  want to be 20 years from now, so many years in advance.
• 1:28:53
  OK, That's the most important thing you can think of because
• 1:28:57
  you don't realize how the little things right now matter.
• 1:29:03
  You really don't. And that's what's that's what's
• 1:29:05
  so crazy is people don't realize the little things that matter,
• 1:29:10
  you know, but that's why I do this.
• 1:29:13
  I do this to help people discuss things that they never knew.
• 1:29:16
  You know, people just don't know these things.
• 1:29:20
  Like for example, I have a 30 point checklist that you can do
• 1:29:23
  before you go to college and it asks you, do you know how to get
• 1:29:29
  a new bank card? Connor, do you know how to get a
• 1:29:34
  new bank card? Yeah, I have before and you got
• 1:29:38
  to get one. You just haven't done it.
• 1:29:43
  Yeah. Yeah, his card got deactivated
• 1:29:47
  with a magnet or something and he can't use it.
• 1:29:48
  He has to order a new card and he's like, I'll just put it into
• 1:29:51
  my other account. He he doesn't, he doesn't have
• 1:29:54
  any money in there. But if you started investing,
• 1:29:57
  you know, maybe you know. Yeah, I just have to get a card.
• 1:30:01
  Yeah, but you know how to do it. You don't have to come to me to
• 1:30:03
  do it. Oh yeah, you know.
• 1:30:05
  How to go to the bank and make a deposit?
• 1:30:07
  Yeah, yeah. You know how to go to the bank
• 1:30:09
  and ask questions, like any question you might have.
• 1:30:14
  Where do you go to the teller? The only person there, yeah.
• 1:30:18
  That's not the only person there.
• 1:30:20
  The people at the desk, yeah. People at the desk, Yeah.
• 1:30:23
  Yeah. You tell them what?
• 1:30:24
  You no the desk as you walk in the door, they always greet you.
• 1:30:28
  The teller is where you do financial transactions and the
• 1:30:33
  offices is where you do standing up for accounts and all that
• 1:30:37
  stuff. Oh well.
• 1:30:40
  OK, they do it all over there. Yeah.
• 1:30:41
  But if you just have it, well, yeah, not to open the account,
• 1:30:45
  you actually have to go online and do an application and
• 1:30:47
  everything. To open an account but to like
• 1:30:50
  just ask questions or do something with the account then?
• 1:30:53
  Yeah, you don't want to do that to tell her, because they're
• 1:30:55
  there to get people in and out and there's line swarm and
• 1:30:57
  everything. So they have people dedicated to
• 1:30:59
  answering your questions, like the person at the front desk
• 1:31:01
  you. Know.
• 1:31:03
  But yeah, you know how to do a lot more than your average
• 1:31:07
  friends. Can we say that?
• 1:31:09
  Yeah. Like driving around the town.
• 1:31:12
  That's different, but OK. It is.
• 1:31:15
  It is different, but you know how to read signs on highways,
• 1:31:20
  You know how to read construction and safety signs,
• 1:31:23
  right? I would hope everybody knows.
• 1:31:24
  No, dude, no. That's part of the driving
• 1:31:27
  toast. OK, what's the flashing yellow
• 1:31:30
  mean? Where?
• 1:31:34
  On the traffic light? Yield.
• 1:31:37
  Watch it. How is that?
• 1:31:39
  Different from a green light. Because green, you just go.
• 1:31:43
  So then if you're Mexican, you become gringo, you know, getting
• 1:31:50
  go get it anyway, OK, You're stupid dude, just laugh.
• 1:31:55
  I'm. I'm trying to make you sound
• 1:31:58
  stupid. OK, be like, get it.
• 1:32:01
  Do you know why people have to cross the border with three
• 1:32:04
  people together? Why?
• 1:32:05
  I mean with two people and not three?
• 1:32:07
  Why? Because there's no trespassing
• 1:32:12
  these people. The only thing come across is 2
• 1:32:14
  or 4 anyway. Oh God.
• 1:32:22
  But yeah. So if you if I grew up, it goes
• 1:32:28
  from a red light to green, then it comes yellow to be careful,
• 1:32:31
  it's going to turn red here. The arrow goes yellow saying,
• 1:32:36
  OK, you can turn now, but you have to yield to other people.
• 1:32:41
  OK. And then it turns green, so you
• 1:32:47
  can go, OK, It's opposite of what a traffic light works.
• 1:32:55
  So a lot of people don't know that.
• 1:32:57
  They just they see a yellow light.
• 1:32:59
  First time I saw it, I thought it was going to turn red.
• 1:33:02
  So I boom, I speed through the intersection and Roland, my
• 1:33:06
  brother was like, what'd you do? Just run the light?
• 1:33:10
  I'm like, I didn't run the light.
• 1:33:12
  That's a yield sign. Like I know what yellow means,
• 1:33:14
  but I really, really thought it was going to turn yellow to red.
• 1:33:18
  So I got out of the intersections not knowing it was
• 1:33:21
  going to turn green, but I'd be protected to turn.
• 1:33:23
  Yeah. I was never taught that.
• 1:33:26
  It just a good example. Roundabouts, boom, they're there
• 1:33:33
  and you're like, how do you? No one taught us how to do those
• 1:33:35
  right. There's still people that don't
• 1:33:37
  know how to use them. How many roundabouts have you
• 1:33:40
  been to where you see it? Tracks of a car that go right
• 1:33:43
  through the middle because they don't see it.
• 1:33:45
  You know, it's, it's crazy. But anyway, we're going to take
• 1:33:52
  a quick break and we're going to come back and discuss the
• 1:33:56
  digital technology that you can use to help you with all of
• 1:34:00
  this. So we'll be right back.
• 1:34:03
  It's time for a break. Hot takes with the Murph man.
• 1:34:06
  We'll be right back. Wonder what's going on inside
• 1:34:26
  Man in Black's mind? Was he missing Jim?
• 1:34:30
  Was he thinking by when that picture was not?
• 1:34:35
  Was he wishing he grew over and he knows life is over?
• 1:34:44
  Hey, that camera flies. Last picture of Johnny Cash.
• 1:34:55
  The lights are fair on his face. You are show brains, glory to
• 1:35:02
  old and shades of blood you see whispering a prayer through that
• 1:35:12
  cold loose light the day the camera fled that picture of
• 1:35:20
  Johnny Cat. Hey heaven Angel band don't sing
• 1:35:34
  in Pure Land worthy fighting the tears bed was he still hearing
• 1:35:45
  his mind was somewhere on the other side the day the camel
• 1:35:54
  flash the last picture of Johnny head love the earth his face so
• 1:35:57
  hard show her. His story told the shades of the
• 1:36:15
  We'll see you exploring a prayer through that cold the day the
• 1:36:23
  camera the last picture of Johnny Cat.
• 1:36:36
  Wonder what was going on inside the man in black Smile day old
• 1:36:44
  Marty Fly this picture of Johnny Cash.
• 1:37:10
  The station where our NB. Radio.
• 1:37:22
  Before we get back to the show. I heard the dog and I was like,
• 1:37:28
  it's over forgetting you have commercials.
• 1:37:31
  That's my bad. We stream live every Saturday at
• 1:37:36
  12:00 Eastern. Language.
• 1:37:44
  You're watching us on MBR or you're watching me on my social
• 1:37:46
  media as Pure Hot Takes. You can catch us on any social
• 1:37:48
  media at Pure Hot Takes. Go to check out our website at
• 1:37:52
  purehottakes.com. We're working on it so it's semi
• 1:37:56
  updated, but military broadcast radio is a problem that gives
• 1:38:01
  veterans a voice and they are available to you To go check out
• 1:38:05
  MBR radio dot US and you can see what they offer you.
• 1:38:10
  When I first started this, I didn't know anything about
• 1:38:13
  podcasting and the hardest thing I had to do, I bought some
• 1:38:16
  equipment that was OK for what we were doing, but we couldn't
• 1:38:22
  get a good place to do the the podcast.
• 1:38:25
  We end up using my friends extra spare room, you know, and then
• 1:38:28
  we moved out to our room here and did the studio.
• 1:38:33
  But having the location and having the equipment, you still
• 1:38:37
  got to buy the software to stream.
• 1:38:38
  There's there's free software like OBS and Restream and Mail
• 1:38:41
  Studio and there's all these different free ones, but they
• 1:38:48
  cost money for the better ones. Like Stream Yard cost like
• 1:38:50
  $60.00 a month and Tik Tok's free.
• 1:38:56
  YouTube is free, right? Yeah, but if I want to stream to
• 1:39:00
  all of those using my cell phone, I have to have a phone
• 1:39:03
  for each program, right? And then I have to buy one of
• 1:39:07
  those little lapel phones because the mic is going to get
• 1:39:10
  plugged in, you know, So it's not really too professional, but
• 1:39:15
  I was looking for places to do my show.
• 1:39:16
  I went to the library and actually the library would have
• 1:39:18
  worked for the most part I think, but it would it wouldn't
• 1:39:23
  look professional. It was too.
• 1:39:25
  It had too much echoes. No, no, the echoes because we
• 1:39:27
  didn't turn the mics in the cameras.
• 1:39:29
  It was Reverb in the room, Sean. It was in a quiet study room.
• 1:39:33
  Where? We had the same problem in
• 1:39:34
  Lethi's until they told us what the problem was.
• 1:39:37
  So The thing is with NBR radio, this military broadcast radio H
• 1:39:42
  train, the guy who runs it over there is an amazing guy.
• 1:39:45
  He actually partners with me every Wednesday.
• 1:39:47
  We do bingo and trivia every Wednesday at 7 on military
• 1:39:50
  broadcast radio. Right now you can go to see him
• 1:39:53
  on NBR Talk Roku. He's also there.
• 1:39:57
  But if you want to start a podcast, reach out to MB radio
• 1:40:01
  dot US. Those pre broadcast radio will
• 1:40:03
  help you set it all up. They'll teach you, they'll train
• 1:40:05
  you. And what was funny was when I
• 1:40:08
  went to him, he was like, let's start off with this.
• 1:40:11
  And I'm like, I already know that he goes to start because I
• 1:40:15
  had been doing my research, right?
• 1:40:17
  And then we started doing the more advanced stuff and he
• 1:40:20
  showed me some stuff and I'm like, Oh, I never knew that was
• 1:40:22
  possible. And you know, and the technology
• 1:40:25
  associated with doing this. Is amazing right right now this
• 1:40:30
  is what we're controlling everything with the stream deck
• 1:40:34
  everything's connected to this everything cameras you name it
• 1:40:38
  everything's connected to this little thing here because I I
• 1:40:41
  was able to set up the studio professionally right I could set
• 1:40:45
  up to be a mute button if I wanted to I could have it cut to
• 1:40:49
  cameras I could I could do all of that and you don't really
• 1:40:53
  think of that right but with H train he was he taught me a lot
• 1:40:58
  about what I needed to do to get this show to the level that I'm
• 1:41:01
  at now so thank you to H train and military broadcast radio and
• 1:41:04
  if you want to start this reach out to them you know well,
• 1:41:08
  Speaking of technology let's get to our digital inferno it's the
• 1:41:13
  button. The only way to harness compound
• 1:41:22
  interest is through automation using these methods.
• 1:41:25
  Robo advisors use platforms like Betterment or Vanguard Personal
• 1:41:29
  Advisor for automatic transfers. Portfolio management.
• 1:41:33
  These apps choose low cost index funds and handle regular
• 1:41:37
  rebalancing. Fatigue reduction.
• 1:41:40
  Automated tools remove the paralyzing pressure of manual
• 1:41:43
  market timing. System streamlining.
• 1:41:46
  Digital setups ensure your contributions happen without
• 1:41:49
  requiring daily attention. Back to you.
• 1:41:52
  Murph Mann did break. Egg cut out for me.
• 1:41:58
  I don't know. He kept talking, I heard static
• 1:42:01
  and then you went off mute. So I was like, OK.
• 1:42:03
  Connor, it's press the button. That's all you got to do.
• 1:42:09
  Just press. And I did press.
• 1:42:13
  Press did it too early. I know like we can.
• 1:42:16
  Go back. Just that one second, yeah.
• 1:42:19
  Actually, we could look, let's see, where is it here and.
• 1:42:23
  These digital tools. Boom, boom, Yeah.
• 1:42:31
  Just like just. Like if you have any questions
• 1:42:34
  about this, this setup we have here, if you want to reach out
• 1:42:37
  to us, you can reach me at Murphman at purehottakes.com and
• 1:42:41
  check us out. All right, let's talk about this
• 1:42:43
  Diligent Inferno real quick. Platforms like Better Men and
• 1:42:46
  Vanguard Personal Advisor actually give us the program to
• 1:42:51
  invest automatically. They'll do the transfers for
• 1:42:55
  you. So that's probably the easiest
• 1:42:56
  thing you can do. They choose low cost index funds
• 1:42:59
  and handle regular rebalancing. Rebalancing is when money comes
• 1:43:04
  in and you have interest and stuff, they they redistribute it
• 1:43:06
  out to the index funds with the percentages you set and it does
• 1:43:09
  it for you automatically. And then being automated, they
• 1:43:13
  remove the paralyzing pressure of manual market timing.
• 1:43:17
  That's one of those things when you have funds, the people
• 1:43:20
  running them will buy and sell as they need.
• 1:43:24
  And last but not least, the digital setups ensure your
• 1:43:26
  contributions happen without recurring daily attention.
• 1:43:31
  So you don't need to have that attention to that you you could
• 1:43:37
  use to invest in it. There's people I know that
• 1:43:39
  invest every day from the time the bell rings on Wall Street to
• 1:43:42
  the time it closes. And it's one of those things
• 1:43:45
  that you you can spend hours doing this if you really wanted
• 1:43:55
  to. You know, it's it's it's a job
• 1:44:04
  to invest, you know, and if you do it right, you can not work.
• 1:44:08
  That's why I think it's so cool, right.
• 1:44:11
  Yeah. You don't have to work.
• 1:44:12
  And you can invest money and just sit there at home and and
• 1:44:14
  read the candles. You know what candles are?
• 1:44:17
  Yeah. Candles are, when you look at a
• 1:44:19
  stock, money tells you the range that they're potentially going
• 1:44:23
  up or down. And if you know how to read
• 1:44:25
  them, you know you can invest more money.
• 1:44:27
  But I'll tell you what, I think we're pretty much done for
• 1:44:31
  today. We got to get to the final
• 1:44:32
  burden. But do you have anything you
• 1:44:34
  want to say about any of this? No.
• 1:44:37
  Just when should I start investing?
• 1:44:42
  Now. Like now?
• 1:44:45
  Like now now now. Right now.
• 1:44:47
  So I could put 5 bucks into what though?
• 1:44:51
  What would you give me? Does it matter where I go?
• 1:44:54
  For it to. That was our show today.
• 1:44:56
  Connor No. No, no, no, no.
• 1:44:58
  Like is there really a difference with interest rates
• 1:45:02
  and all that depending on where you go?
• 1:45:04
  Yes, Yeah, right. Yes.
• 1:45:09
  I know, I know. It's, I mean, it's impound like
• 1:45:12
  the compound rate, yeah. No, what I mean is like there's
• 1:45:16
  banks that offer you better rates, OK.
• 1:45:19
  But if there's no but I'm explaining.
• 1:45:21
  There has to be cash. There's no way.
• 1:45:24
  There's not, but it's a difference of like 3.1 to 3.15.
• 1:45:29
  It's not a lot of difference. It's something, OK, it is
• 1:45:32
  something. The more numbers I see, the
• 1:45:35
  better. Right.
• 1:45:36
  And then the other thing is, as you're looking at all this
• 1:45:41
  right, you have CDs, you have stocks, bond, you have all of
• 1:45:49
  that, you also want to look at what the program is charging you
• 1:45:53
  to do a transaction, OK, what I mean like?
• 1:45:59
  Like what transaction? Like when you make the deposit
• 1:46:02
  that's free, but when you put it into the stock market, they have
• 1:46:05
  to, they have to work to put it into the stock market.
• 1:46:07
  So they're going to charge you for that.
• 1:46:09
  So those fees, you can definitely find out where it's
• 1:46:12
  cheaper. The they might be investing in
• 1:46:15
  the same exact things, but their administrative fees are
• 1:46:19
  different. Like I'll give you an example
• 1:46:21
  here when we talk about nonprofits and everything,
• 1:46:25
  right? You've heard of Wounded Warrior?
• 1:46:27
  No. It's a program that enlightens
• 1:46:31
  the community about warriors who've been wounded in battle,
• 1:46:35
  and they get millions of dollars a year.
• 1:46:39
  Wow. I think it's like 85%, give or
• 1:46:43
  take. If I'm not wrong, I'm going to
• 1:46:44
  check me on that. But 85% of the money they get
• 1:46:47
  in, they spend on advertising, buying merchandise to give away
• 1:46:51
  to people, to raise awareness. People think it's going to the
• 1:46:55
  soldiers and it's not. You know, well, here on military
• 1:47:01
  broadcast radio, every penny and then someone of his pocket goes
• 1:47:07
  to veterans and giving them a voice.
• 1:47:10
  Every penny, 100% administrative costs and everything, the
• 1:47:14
  equipment, everything is everything is for the broadcast
• 1:47:16
  radio. Could you charge a fee and say
• 1:47:19
  I'm going to take 10% of that as a salary?
• 1:47:23
  Yeah. Yeah, right.
• 1:47:24
  But he doesn't. Well, if he does, he he can.
• 1:47:28
  Not the point if he does or doesn't.
• 1:47:30
  That's what administrations do. When you have stocks and bonds,
• 1:47:32
  they take their percentage out before you.
• 1:47:34
  You have your money, so those things you can look at and say,
• 1:47:38
  OK, this is a good 'cause this is a good index fund.
• 1:47:41
  You know, research and understand what you're where
• 1:47:43
  you're putting your money, OK. Yeah.
• 1:47:46
  And start now. That's that's it.
• 1:47:48
  So let's get to today's final take.
• 1:47:51
  Hold on. The final take from today's
• 1:48:05
  discussion is investing isn't about getting rich quick, it's
• 1:48:09
  about getting free slowly. Start early, stay steady and let
• 1:48:14
  time do the heavy lifting. The final flame has been struck
• 1:48:18
  back to Murph Man to wrap the show.
• 1:48:23
  All right, so the final burn for today is investment isn't about
• 1:48:27
  getting rich quick. It's about getting free slowly,
• 1:48:32
  free from all the burdens. All right, start early, stay
• 1:48:35
  steady, and let time do the heavy lifting for you.
• 1:48:39
  That commanded interest is going to be something that you will
• 1:48:42
  always have, and it'll just keep growing whether you touch it or
• 1:48:47
  not. If you invest more and you do
• 1:48:49
  more, you can definitely do better.
• 1:48:53
  OK, So anything else Connor? No.
• 1:48:59
  For all of you watching on military broadcast radio, thank
• 1:49:02
  you for your time. Those of you watching this on
• 1:49:04
  TikTok, thank you for your time. I hope everyone has a wonderful
• 1:49:07
  day. And I think that's it for today.
• 1:49:09
  Connor, what do you think? I think so too all.
• 1:49:13
  Right, everyone have a good night or weekend.
• 1:49:17
  Bye bye. That's a wrap on this episode.
• 1:49:20
  If you're looking for more, you can find all the best clips from
• 1:49:23
  the show on our social media pages.
• 1:49:25
  For all the links and more information about what we talked
• 1:49:27
  about today, visit purehottakes.com.
• 1:49:29
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• 1:49:32
  premium content, subscribe now at stream915.com.
• 1:49:36
  We appreciate you tuning in. Ladies and gentlemen, thank you
• 1:50:28
  for tuning in to Military Broadcast Radio.
• 1:50:32
  As we wrap up today's show, we want to remind you that the
• 1:50:36
  podcast of today's episode will be available right after we go
• 1:50:40
  off the air. So if you missed any part of the
• 1:50:43
  show or want to listen again, be sure to check it out.
• 1:50:48
  And remember, we're here to support and honor our veterans.
• 1:50:55
  Your stories and experiences matter, and we are committed to
• 1:50:59
  giving you a platform to share them.
• 1:51:03
  That's right, we are here to give our veterans a voice.
• 1:51:07
  So don't forget to catch the podcast and stay connected with
• 1:51:11
  us giving our veterans a voice.