Latest / The Bill Handel Show / Insurers Promise to Ease Authorization Burden | ‘Trump Accounts’ for Kids

Transcript

Insurers Promise to Ease Authorization Burden | ‘Trump Accounts’ for Kids · The Bill Handel Show

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Speaker 1: You're listenings KFI AM six forty the bill Handles show
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Speaker 1: on demand on the iHeartRadio f KFI AM six forty
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Speaker 1: bill handle here on a Thursday morning, December fourth, as
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Speaker 1: Amy said, twenty one days until Christmas, which is a
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Speaker 1: big holiday for a lot of people, not for me particularly. Well,
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Speaker 1: hanuk isn't a big deal for me either, nor is
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Speaker 1: insert name of any other holiday other than not coming
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Speaker 1: to work. That's a holiday.
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Speaker 2: Did you and your family used to go to like
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Speaker 2: a Chinese restaurant on Christmas?
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Speaker 1: Oh?
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Speaker 3: Yeah, no, not really, not really.
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Speaker 2: What do you do on Christmas morning?
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Speaker 3: Oh you don't go What do you do?
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Speaker 1: You don't have a Christmas tree, you don't give presents,
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Speaker 1: that's what you know? What is it? A few years
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Speaker 1: ago I bought my daughters, each of them a car,
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Speaker 1: and I said, this will do it.
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Speaker 3: This is it.
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Speaker 1: For both Christmas or Hanukkah holidays and your birthday. And
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Speaker 1: ever since then, Hey dad, what am I going to
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Speaker 1: get for my birthday? Go out in the driveway. That's
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Speaker 1: what you're getting for your birthday.
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Speaker 3: Now.
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Speaker 1: That is eight years ago, and I am still saying
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Speaker 1: go out in the driveway. After that first initial hit,
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Speaker 1: which was expensive. It's been very cheap after that.
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Speaker 3: Amortized over the period of the last eight years. It's a
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Speaker 3: good deal.
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Speaker 1: Now moving on, Moving on, The killing of the United
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Speaker 1: Healthcare CEO Brian Thompson, allegedly by Luigi Mangoni, really blew
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Speaker 1: open the entire issue of how healthcare and insurance companies
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Speaker 1: are dealing with Americans read us. And because Mangoni said
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Speaker 1: in his testament in his manifesto that this had to
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Speaker 1: do with the insurance companies were treating Americans. So the
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Speaker 1: killing and the public outcry that happened after that has
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Speaker 1: led insurance to pledge to simplify and streamline prior insurance
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Speaker 1: or prior authorization practices.
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Speaker 3: Now, that is a big one, and that is before.
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Speaker 1: You are allowed to or a provider will provide services.
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Speaker 1: Normally a phone call goes to the insurance company, will
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Speaker 1: you authorize this procedure when it comes to medical questions
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Speaker 1: on Saturday morning handle on the law.
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Speaker 3: I get more of these than anything else, and.
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Speaker 1: That is I couldn't get the provider to the insurance
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Speaker 1: company to okay this, or they did okay it over
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Speaker 1: the phone and they bounced it back.
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Speaker 3: And it has gotten to be a mess.
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Speaker 1: And the problem is who decides prior authorization?
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Speaker 3: Is it in real time? Is it later?
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Speaker 1: Now, if you're in an emergency room and they have
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Speaker 1: to crack your chest because a bullet's on through your heart, okay,
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Speaker 1: you don't need prior authorization. But if you need medical care,
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Speaker 1: if you need a device, you need an appointment that
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Speaker 1: isn't life threatening, you know what, You've got to get
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Speaker 1: prior authorization. And it can take a while, and it
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Speaker 1: can bounce back, and that's the problem. And then you're
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Speaker 1: screaming and arguing with the medical provider. You're actually screaming
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Speaker 1: and arguing with the insurance company because they didn't cover
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Speaker 1: what you thought they should cover. They didn't cover what
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Speaker 1: they should cover, not just what you thought what they
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Speaker 1: should in the first place. And they're trying to and
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Speaker 1: now there are negotiations, and the Trump administration has actually
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Speaker 1: done a pretty good job of moving forward and making
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Speaker 1: the insurance companies well, making the authorization process more streamlined,
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Speaker 1: certainly real time if possible, and making sure that more
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Speaker 1: things or more medical procedures are covered.
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Speaker 3: In insurance. Is just a god awful mess. The way.
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Speaker 1: No one doesn't believe that our insurance system is broken.
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Speaker 3: No one.
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Speaker 1: I don't think of any person I have met that says, oh,
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Speaker 1: our medical process in this country, our medical care is
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Speaker 1: just fine.
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Speaker 3: We don't want to screw it up. Well, it isn't.
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Speaker 1: And then I go back to the story of Lindsay
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Speaker 1: and I were in we were in Sicily, we were
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Speaker 1: in Palermo a few months ago, and she had a
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Speaker 1: breathing problem and she suffers occasionally from this asthmatic thing
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Speaker 1: that she has, and she had a really rough time.
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Speaker 3: We're in the hotel in Palermo.
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Speaker 1: Palermo is not the greatest place in the world, and
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Speaker 1: she had a real issue going on with breathing. Jumped
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Speaker 1: in the cab and went to the emergency room. This
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Speaker 1: old building that was just a paint was peeling, etc.
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Speaker 1: There were cops there, because every emergency room, and I
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Speaker 1: think in Italy has a cop or in any major city.
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Speaker 3: She went in any know how long.
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Speaker 1: The wait it was in the waiting room, thirty seconds,
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Speaker 1: and she went in and saw a doctor instantly who
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Speaker 1: instantly put a nebulizer, one of those breathing devices, and
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Speaker 1: ran an IV That was in the first five minutes.
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Speaker 1: Then she had to they had to wait for the
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Speaker 1: blood results to come back and find out if she
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Speaker 1: was okay or not.
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Speaker 3: She was basically okay.
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Speaker 1: The nebulizer turned out to have done its job, and
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Speaker 1: then that was twenty minutes, by the way, and then
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Speaker 1: the doctor said, but I want you to see an
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Speaker 1: e NT specialist air nose and throat to see what's.
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Speaker 3: Going on, and that would be where here.
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Speaker 1: You'd have to call the insurance company and get a
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Speaker 1: pre authorization. There we figured, okay, we have to go
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Speaker 1: to another office and they said no, no, go right upstairs.
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Speaker 1: Walked up one flight of stairs. There was the NT department,
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Speaker 1: There was a doctor. It turned out everything was okay,
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Speaker 1: gave a prescription. We were in and out of it
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Speaker 1: in just over an hour. Just over an hour, all
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Speaker 1: of that. And when I try to pay, they said,
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Speaker 1: you can't. This is National Health. If we wanted to
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Speaker 1: accept your money, we couldn't. We don't have a mechanism
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Speaker 1: for even accepting your money. Compare that to we go
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Speaker 1: into the er and unless you're having a heart attack
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Speaker 1: or dying now you've stopped breathing completely. You're sitting there
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Speaker 1: for five hours and waiting, and then you see a
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Speaker 1: doctor and then if you need a half emergency, you
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Speaker 1: then have to go to another doctor, and you're waiting
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Speaker 1: or you're waiting for a bed upstairs, which can be twelve, fifteen, eighteen,
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Speaker 1: twenty four hours. You're sitting in the emergency room. But
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Speaker 1: our system isn't broken at all. So the issue here
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Speaker 1: is pre authorization. And even the insurance companies are saying, yeah,
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Speaker 1: system isn't so good. So we're looking at it and
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Speaker 1: things are moving and the Trump administration is moving forward
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Speaker 1: with this. Now they're getting a lot of flack, and
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Speaker 1: the administration all gets always gets flacked no matter what
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Speaker 1: the administration does, no matter what side of the aisle
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Speaker 1: it comes from, and that nothing is really changed if
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Speaker 1: you look at what happened a year ago to today
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Speaker 1: to what's going to kick in on January first. That's
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Speaker 1: what's going to kick in on January first of twenty
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Speaker 1: twenty seven. Different aspects of this plan are going to
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Speaker 1: come through. The detractors are saying, hey, nothing has changed. Well,
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Speaker 1: I think it is a start. Any start works as
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Speaker 1: far as I'm concerned. Now, let me tell you what's
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Speaker 1: going on within the Trump administration, and this is kind
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Speaker 1: of a good thing. As matter of fact, it is
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Speaker 1: a good thing. And I'll explain a little bit. It's David.
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Speaker 1: The government is established something called the Trump account.
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Speaker 3: How unusual.
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Speaker 1: It is akin to the five twenty nine plan, and
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Speaker 1: that is an investment plan for kids college which by
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Speaker 1: the way, there is now a move the five twenty
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Speaker 1: nine planned.
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Speaker 3: The number is going to go from five.
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Speaker 1: Twenty nine to forty three dash forty five or is
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Speaker 1: that forty five dash forty seven? Okay, you just got it. Okay, excellent,
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Speaker 1: there's cono. Just pick that up, all right. So here
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Speaker 1: is what it's about. All kids born between twenty five
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Speaker 1: and twenty eight, twenty five and twenty twenty eight are
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Speaker 1: going to get a gift from Congress and the President
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Speaker 1: because he instituted this one thousand dollars deposit into a
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Speaker 1: Trump account that's on behalf of the kids. It's one
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Speaker 1: thousand dollars from the government for each child and that
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Speaker 1: will go into an account. It's seed money to encourage
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Speaker 1: kids and their families to save and build wealth because well,
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Speaker 1: growing up is wealthy.
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Speaker 3: Effectively, it's an IRA for kids.
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Speaker 1: And the Trump accounts are part of the big beautiful
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Speaker 1: bill that the President signed. This summer, and it's among
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Speaker 1: other tax advantage saving plans that help Americans navigate the
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Speaker 1: cost of education and healthcare retirement. What's unusual here is
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Speaker 1: it starts at birth with a deposit of one thousand
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Speaker 1: dollars from the government into the kid's name. Now that's
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Speaker 1: kind of neat, and what it's meant to do is
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Speaker 1: kickstart a savings plan for parents to put in money
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Speaker 1: every year and at some point there's enough money there
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Speaker 1: where at least the college education student is paid for.
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Speaker 1: Now it is argued that it's not all that great
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Speaker 1: because the tax advantages aren't all that great. A five
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Speaker 1: to twenty nine plan, for example, a college plan is
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Speaker 1: it goes in with after tax dollars granted, so you're
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Speaker 1: not getting any benefit there. But as the money accumulates,
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Speaker 1: the money is taken out for a kid's education secondary education,
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Speaker 1: it is not taxed. The income is not taxed where
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Speaker 1: this account is taxed across the board. So what effect
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Speaker 1: effectively it is is simply a bank account. But as
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Speaker 1: people say, it is better than nothing by a long shot.
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Speaker 1: It's one thousand dollars that the government is giving a
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Speaker 1: kid with the hopes and I think that really does
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Speaker 1: help parents because if there's already one thousand dollars in it,
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Speaker 1: all right, now we have a start, and the five
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Speaker 1: twenty nine plans do not do this. Parents have to
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Speaker 1: start it on their own, which is exactly what I
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Speaker 1: did the day my children were born.
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Speaker 3: Actually, I started that plan.
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Speaker 1: And now I have enough money in that plan and
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Speaker 1: well to pay for an AA degree at a community college.
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Speaker 3: And that's it.
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Speaker 1: And that's where it's ten dollars a unit and it
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Speaker 1: costs a total of twelve hundred dollars to go through
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Speaker 1: community college. So I've got a couple of dollars thereafter.
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Speaker 1: But I can't take it out. Why because it's ordinary
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Speaker 1: income to me plus ten percent penalty. So that's a
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Speaker 1: chunk of money. So those are some of the restrictions
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Speaker 1: that apply with a five to twenty nine plan. And
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Speaker 1: you've got financial people that are saying, you know, it's
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Speaker 1: not all that good.
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Speaker 3: You know what, it may not be quote all that good.
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Speaker 3: It's one thousand dollars, the government is getting a kid.
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Speaker 3: How do you argue that's not a good thing.
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Speaker 1: And even if it doesn't kickstart everybody, let's say it
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Speaker 1: kickstarts a percentage a small percentage, it's still a small percentage.
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Speaker 3: Who otherwise would not do this?
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Speaker 1: On top of that, Michael Dell, who is I don't know,
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Speaker 1: the fourth fifth wealthiest man in the world at this point,
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Speaker 1: Dell Computers. He and his wife just donated six billion
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Speaker 1: dollars towards that fund. I mean, that's no small amount
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Speaker 1: of money. So this is one of those things where
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Speaker 1: you know, would I have done it that way?
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Speaker 3: No?
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Speaker 1: Would I have thrown some tax advantages like five twenty
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Speaker 1: nine plans? Yeah, I probably would do that, But that's me,
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Speaker 1: And you know, do you Does anybody listen to me? No?
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Speaker 3: Would anybody follow my advice? No? Because what would I do?
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Speaker 1: Right?
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Speaker 3: I would give you no tax advantage.
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Speaker 1: If the government put in one thousand dollars, I would
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Speaker 1: take it away and spend it on something else.
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Speaker 3: But this ain't bad.
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Speaker 1: By the way, No one can contribute to the account
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Speaker 1: until July of twenty twenty six. Parents and others can
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Speaker 1: contribute up to five thousand dollars a year into the
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Speaker 1: account until the child turns eighteen, so.
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Speaker 3: There is a limit. Where there is not a limit
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Speaker 3: to the five to twenty nine plan.
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Speaker 1: I believe an employer can contribute up to twenty five
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Speaker 1: hundred dollars towards that twenty five five thousand dollars cap.
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Speaker 1: You know, we don't know where it's going to go,
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Speaker 1: We don't know how successful it's going to be.
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Speaker 3: We don't know if it makes any sense or not.
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Speaker 3: But I'll tell you what we do know. It's one thousand.
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Speaker 1: Dollars that the kids are going to have that they
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Speaker 1: don't have now.
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Speaker 3: And how do you argue with that? You don't?
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Speaker 1: Now, let me tell you about what's going on in Israel.
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Speaker 1: Wanted to share this with you because, well, first of all,
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Speaker 1: you know, obviously I'm biased, and I am my wheelhouse,
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Speaker 1: and I have friends who are in Israel, both having
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Speaker 1: served in the service, will actually all of them serve
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Speaker 1: in the service, because it's a mandatory for Israeli men,
13:52
Speaker 1: it's mandatory for everybody.
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Speaker 3: There is conscription across the board.
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Speaker 1: Every man and woman in Israel is mandated to go
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Speaker 1: into the armed forces when they're eighteen years old. Three
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Speaker 1: years for men, two years for women except the ultra
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Speaker 1: Orthodox men the hot idea and by law they don't
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Speaker 1: have to go into the military service. But wait a minute,
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Speaker 1: why does everybody else go in and because you're religious,
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Speaker 1: you can't be drafted, that's right. This exemption was created
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Speaker 1: for the ultra Orthodox students and ultra Orthodox men in
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Speaker 1: nineteen forty eight when the state of Israel was declared
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Speaker 1: a few hundred we're part of the Orthodox families, if
14:51
Speaker 1: you will, just a few hundred. Today it's fourteen percent
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Speaker 1: of Israel and it's growing like crazy. And why is
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Speaker 1: that well, because non Orthodox Jews in Israel have the
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Speaker 1: same problem with any other industrialized country where the population
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Speaker 1: is declining. The demographics are declining, except in places where
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Speaker 1: you have fundamentalists in certain name of any religious here,
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Speaker 1: any religion here, where the concept of go forth and
15:21
Speaker 1: multiply they take very seriously. If you look at any
15:25
Speaker 1: any Jewish religion. Part of it is they stoopfest that
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Speaker 1: you go. You get late as often as you can,
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Speaker 1: you get pregnant as often as you can, and you
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Speaker 1: have kids. So the ultra Orthodox, while the rest of Israel,
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Speaker 1: it's like much of the rest of the industrialized world,
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Speaker 1: two kids, one point five, one point eight and population
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Speaker 1: is actually declining, the ultra Orthodox are having five kids,
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Speaker 1: seven kids, as many kids as they humanly can have,
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Speaker 1: and that creates obviously a bigger ultra or Orthodox population.
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Speaker 1: And here is the part that is really pissing off
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Speaker 1: Israelis and more and more is the ultra Orthodox Jews
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Speaker 1: argue that for them, sitting and praying and studying Torah
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Speaker 1: all day long is as important in defending Israel as
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Speaker 1: the soldiers are. In other words, they tell the soldiers,
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Speaker 1: you go to war, you man the tanks, you're an
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Speaker 1: artillery artillery, and we're.
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Speaker 3: Going to pray and not going in the army.
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Speaker 1: And that's as important as anything you do, because if
16:38
Speaker 1: you don't have us, we don't have an army. There is,
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Speaker 1: though Israel that exists. Well, there's been this war going
16:44
Speaker 1: on for a while. There's been several wars, the six
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Speaker 1: sixty seven war, the seventy three war, a couple of
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Speaker 1: incursions where Israelis have died and in numbers. And that
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Speaker 1: argument is not flying. You know twenty years ago where
16:58
Speaker 1: the Supreme Court of Israel said you the exemption is
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Speaker 1: no longer valid, and there's been exception after exception. Why
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Speaker 1: are they so powerful Because the political parties in Israel,
17:11
Speaker 1: and there are many, they in order for a government
17:15
Speaker 1: to actually be established, a prime minister or a putative
17:19
Speaker 1: prime minister has to cobble together these various parties, and
17:25
Speaker 1: it always takes two or three parties, and sometimes are
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Speaker 1: left wing with the.
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Speaker 3: Right wing, and this small.
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Speaker 1: Group of these religious us, the ultra orthodox, they are
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Speaker 1: a single party. There are enough of them who vote
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Speaker 1: that they have huge power because they don't care about
17:43
Speaker 1: anything other than their religious position.
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Speaker 3: That's all they care about.
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Speaker 1: And if that's all you care about, guess what they say, Okay,
17:54
Speaker 1: if you want our vote, this is what you have
17:57
Speaker 1: to do.
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Speaker 3: And they get what what.
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Speaker 1: They mandate, and they get a government that says, okay,
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Speaker 1: you don't have to be in the army. We're going
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Speaker 1: to exempt you if you're a full time student. And
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Speaker 1: by the way, they're not studying mathematics, they're not scientists,
18:16
Speaker 1: they're not studying anything that actually, in my opinion, helps society.
18:21
Speaker 1: They're sitting and and they're what they're doing. They're studying
18:25
Speaker 1: the Tumud, they're studying the Five Books of Moses, They're
18:28
Speaker 1: studying the Old Testament is what they're studying. And they
18:32
Speaker 1: spend hours and hours and hours every day and they
18:36
Speaker 1: actually argue the finest points of what the tour is,
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Speaker 1: what the Bible is about that to them is as
18:44
Speaker 1: important as the Israeli Army defending Israel their position without us,
18:53
Speaker 1: there is no Israel without us. The army cannot succeed
18:58
Speaker 1: because we are as in play. And let me tell
19:00
Speaker 1: you there's some pissed off people.
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Speaker 3: On that one.
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Speaker 1: How angry would you be if we add a conscription
19:06
Speaker 1: which we used to until the Nixon years, and if
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Speaker 1: you just declared I'm religious and my religion should be exempted,
19:14
Speaker 1: not conscientious objector, which was a different issue, but just
19:19
Speaker 1: you exempt an entire religion.
19:22
Speaker 3: Yeah, it's a tough way to go.
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Speaker 1: It is even to the point now where there is
19:28
Speaker 1: conscription and you've got the police going after people who
19:32
Speaker 1: are draft dodgers, the protests explode. And if you think
19:36
Speaker 1: we have protests, if you think our protests, for example,
19:40
Speaker 1: the Black Lives Matter protests or the Me Too movement
19:43
Speaker 1: and all those protests nothing compared to what is going
19:47
Speaker 1: on in Israel. So I just wanted to share that
19:51
Speaker 1: with you. And they also dress weird too, just to
19:53
Speaker 1: let you know. And they have, you know, the payis
19:57
Speaker 1: the ringlets and everybody has a beard, I mean everybody,
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Speaker 1: the women, the kids, you know, the five year olds
20:03
Speaker 1: walking around with beards and you just you can see them.
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Speaker 3: You know, they're very easy to quite. The site. It
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Speaker 3: really is women, the children.
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Speaker 1: Yeah, everybody, yes, yes, everybody, everybody, all right.
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Speaker 3: Study just came out.
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Speaker 1: This is a twenty twenty five Planning in Progress study
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Speaker 1: that was updated in November, and it draws on a
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Speaker 1: Harris pol And. Bottom line is thirty six percent of
20:33
Speaker 1: American millionaires consider themselves wealthy. A third of people who
20:38
Speaker 1: are millionaires consider themselves wealthy.
20:42
Speaker 3: Even the wealthiest Americans worry about money.
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Speaker 1: According to the study, they fret about having enough, deciding
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Speaker 1: how to spend it, whether to pass it on to airs.
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Speaker 3: How much money does it really take to feel wealthy?
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Speaker 1: Well, I'll tell you my definition of wealth, and I
20:56
Speaker 1: think it's a pretty good one.
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Speaker 3: When are you wealthy?
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Speaker 1: You are wealthy when you can literally stop working today,
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Speaker 1: wake up tomorrow morning and live the same lifestyle that
21:07
Speaker 1: you have always lived, live the same lifestyle. I don't
21:11
Speaker 1: care if it's thirty thousand dollars a year, three hundred
21:13
Speaker 1: thousand dollars a year, That to me is wealthy and
21:16
Speaker 1: I feel rich. And you don't want to know why
21:20
Speaker 1: I feel rich because I only hang around No, it's
21:23
Speaker 1: because I hang around poor people, and that will make
21:28
Speaker 1: anybody feel rich.
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Speaker 3: My immediate group is poor. That really helps me feeling rich.
21:35
Speaker 2: Do you know why I feel great integrity and kindness
21:41
Speaker 2: because I only hang around jerks.
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Speaker 3: There you go, it does with kindness. Yes, I mean
21:48
Speaker 3: that that does work.
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Speaker 1: And so a million dollars right, Although a million dollars
21:54
Speaker 1: net worth means nothing in southern California, especially when you
21:57
Speaker 1: have a nine hundred thousand dollars house, I mean, it's insane.
22:01
Speaker 1: In West Virginia. Million dollars is money. In Kansas, that's money.
22:05
Speaker 1: Los Angeles, New York, it's not money. And the other
22:10
Speaker 1: thing is millionaires who hang out with other millionaires. You
22:14
Speaker 1: compare because there's always someone that has more money than you,
22:17
Speaker 1: unless you're bezos, bezos or your musk. The bottom line
22:22
Speaker 1: is there's always someone has more money than you, and
22:25
Speaker 1: therefore you compare, and therefore you're not as wealthy. The
22:32
Speaker 1: liz Win Ditch to certified financial planner in denvers that
22:34
Speaker 1: all of my clients who are millionaires don't consider themselves wealthy.
22:38
Speaker 1: Not buy a long shot, And that's actually true. I
22:42
Speaker 1: think you know.
22:44
Speaker 3: Am I worth north of a million dollars? I am.
22:48
Speaker 3: Do I consider myself rich?
22:49
Speaker 1: I do not. I do not, And I think a
22:53
Speaker 1: lot of other people who have money packed away, stocked away,
22:57
Speaker 1: especially if you're looking at retirement funds, which I started
23:00
Speaker 1: really pumping into them when I was in my mid thirties,
23:03
Speaker 1: I don't. I literally don't feel rich. And that's not
23:06
Speaker 1: just a joke either. I mean there, I don't know
23:09
Speaker 1: where that number is to feel rich. Well, let me
23:12
Speaker 1: ask right now, Neil, where is that number that you
23:16
Speaker 1: are worth that makes you feel rich?
23:21
Speaker 3: No?
23:21
Speaker 2: I like your definition. I think your definition is spot on.
23:24
Speaker 2: When you feel you can keep you know, the lifestyle
23:28
Speaker 2: you enjoy. I don't need to own a plane. I
23:31
Speaker 2: don't need to. We live a very modest life. But
23:35
Speaker 2: if I could can, if I could do this and
23:38
Speaker 2: not work every day in the same way, yeah, I
23:41
Speaker 2: would feel.
23:41
Speaker 3: Like you're rich. Amy, was it? What does it take
23:45
Speaker 3: for you to feel rich? He who has friends is rich?
23:49
Speaker 1: Oh? Stop, but I'm going to vomit. That's vomitous. Okay,
23:52
Speaker 1: you're off the table. Will let me throw it at you.
23:56
Speaker 1: I know he's looking at Will. What does it take
23:59
Speaker 1: you to feel rich. Lots of traffic, lots of traffic jams.
24:03
Speaker 3: Yeah, that's it.
24:04
Speaker 1: Yeah, okay. How much money do you have to have
24:06
Speaker 1: in the bank in order to feel rich? To feel rich,
24:08
Speaker 1: I will feel rich.
24:09
Speaker 3: Yeah. If I had one hundred grand in the bank,
24:11
Speaker 3: I would feel rich.
24:12
Speaker 1: Very well said, that's a very good note to prove
24:16
Speaker 1: positive you work at iHeart and I can't see an
24:20
Speaker 1: on the minor because we're having some zoom problems, and
24:23
Speaker 1: yes they're okay.
24:24
Speaker 3: How much money do you need the bank to feel rich?
24:26
Speaker 3: In your opinion, I would say the same thing like
24:29
Speaker 3: being able to pay all my bills okay, comfortably, okay,
24:32
Speaker 3: travel Okay, then you feel rich. That's fair. Okay.
24:36
Speaker 1: I think that everybody feels the same way. Kono, Well,
24:40
Speaker 1: you'll never feel rich. How much money does it take
24:43
Speaker 1: for you to feel.
24:43
Speaker 3: Rich when you don't have to look at your bank
24:46
Speaker 3: account When you say okay.
24:48
Speaker 1: Okay, that's fair, that's a great that's when you're not
24:51
Speaker 1: looking at budgeting, you're not looking at bank accounts. And
24:54
Speaker 1: the more modestly you live, obviously, the easier it is,
24:59
Speaker 1: because what ends up happening. People make a pile of
25:01
Speaker 1: money all of a sudden starts spending like they make
25:05
Speaker 1: a pile of money. And if that ends or that
25:10
Speaker 1: doesn't keep on going all of a sudden, Yeah, and
25:13
Speaker 1: most of us, most of us are going to have
25:17
Speaker 1: to change our lifestyles when we retire. It's really hard
25:22
Speaker 1: to reach what Neil and I have said, and what
25:25
Speaker 1: Ab has said, and even what Kono has said, and
25:29
Speaker 1: that is continuing on with our lifestyle as if we're
25:31
Speaker 1: making the same amount of money and that takes a
25:34
Speaker 1: pile of money to have in the bank too.
25:38
Speaker 3: Okay, fair enough.
25:39
Speaker 1: I thought it was a really neat poll and it
25:43
Speaker 1: says a lot about Americans and how we feel about money.
25:46
Speaker 3: All right, KFI am sixty. You've been listening to the
25:50
Speaker 3: Bill Handle Show.
25:51
Speaker 1: Catch My Show Monday through Friday, six am to nine am,
25:54
Speaker 1: and anytime on demand on the iHeartRadio app.