5/8/24 Social Security, Gen-Z & WNBA Revenue

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From the padded radio room off Stockdale Highway, here is MoneyWise ORG. Call her text in at 661-396-1000.

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I need the dollar, dollar, that's what I need.

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Hey, hey.

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Well, I need the dollar, dollar, dollar, that's what I need. Hey, hey. Said, I need a dollar, dollar, dollar, that's what I need. And if I share with you my story, would you share your dollar with me?

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Securities offered through SCF Securities, Inc. Member FINRA, SIPC, Investment Advisory Services, offered through CF Investment Advisors, Inc. ORG, SCF, Securities, Inc. ORG and MoneyWise wealth management are independently owned and operated.

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Now, let's start the MoneyWise show.

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Well, good afternoon, Bakersfield GPE. Welcome to the Money Wise ORG show. We're going to have a great one today. It's going to be a hodgepodge show. We're going to talk about a lot of things. We're going to talk about IPE.We're going to talk about FTX. Richard Branson PERSON. We might throw some social security, Gen Z in there. Who knows? Maybe even some Caitlin Clark PERSON. We'll throw in a bunch of stuff.It's going to be a hodge pod show. But as always, if you're going to join us, thank you very much for joining us on ESPN Radio, Bakersfield, 1230 AM, 101.1.m. And if you're a techie and, you know, technologically savvy, you can always join us streaming on Moneywiseguysguys.com ORG. And as always, after this show is over,Stephen PERSON's going to remove all of the commercials

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and throw it onto a podcast, wherever you might listen. And all the dad jokes, of course. And all the dad jokes?

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I remember those before that.

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You've got to leave those in. No, I actually insert my own.

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Just, you know, we're going to dub in some extra jokes

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from Steve Zee PERSON. You're always welcome to join us, dub in some extra jokes from Steve Z. You're always welcome to join us.

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Call in or text to the show anytime. 661-396-1, 6-6-1, 6-1-6-1-1. I'm your host, Justin Leland PERSON, here with... LaTroy Dinkins PERSON. Dang, we got the All-Star cast in here today.

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I don't know about all that, but, yeah, you got a cast. I didn't say it was what kind but yeah, you got a cast.

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I didn't say it was, what kind of cast it was. You have little faith.

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Yes. We got this. We got this.

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I was just wondering who was going to be the lead hostess today. The lead hostess?

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Yeah, it was going to be me. It was going to be you. Okay, the lead hostess. You never know.

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Yeah, I can host. We're good. We can do it either way.

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Yeah, man. It seems, we don't do the show too often together.

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It's been a minute for me.

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It's been like two weeks since I've been on a radio.

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But hey.

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That's all scheduling.

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I appreciate that.

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That's the scheduling Nazi over there doesn't let you do the...

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Nazi, wow.

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This is a strong word.

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Yeah, we'd be hosting five times next week.

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Yeah, right?

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Oh, my goodness. Hey, so we got to, like I said, we got a strong word. Yeah, I would be hosting five times next week. Yeah, right? Oh, my goodness.

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Hey, so we got a, like I said, we got a great show.

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Obviously, on the lead-up, I heard something that really piqued my interest.

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So I had to look it up.

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Ipe Mizahara, Shohei Otani's PERSON de facto manager,

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pleading guilty to federal bank fraud and tax fraud charges faces up to 33 years in prison.

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And I'm looking at this now and he's going to be required to pay full restitution to the victims,

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which is basically $17 million to show hey and another $1.1 million to the IRS ORG.

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That's like $18 million.

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This guy ain't got two dimes to rub together.

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He's not providing restitution.

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Well, he's going to have to start gambling or something.

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He might have to make some money.

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Yeah, I got a good strategy.

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He can come just call me and I can help him.

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Anytime Johnny Mansell's playing, vote four.

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Yeah, we're going to bet four.

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Yeah, no, that's, I'm looking at that. I'm just like,

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I'm still kind of in shock that Shohay PERSON didn't know that there was nearly $20 million

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missing from his, just his checking account. And it just, it boggles the mind. Yeah, right?

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Yeah, it's kind of like that. Did you all see the Brady Roast? Oh, yeah, I saw about half of it.

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I haven't got the other half done. I don't know the chick name, but she was like, I almost felt like Shohei Hotani PERSON had a grunk moment.

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Like me not know where my money go, you know.

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That one, Nikki Glazer, you're talking about.

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She nailed it. If you didn't get a chance to watch the Tom Brady roast, for Stephen PERSON, I don't think it was long enough.

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It was three hours. You could have kept on going for a couple of days. I've been doing it for years.

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Just keep on going. Just keep the hits on coming. But, yeah, Ipe PERSON is going to be going to prison for a long time. It's going to be upwards of 33 years in prison. Obviously, he's fallen on a sword a little bit, so I'm guessing the, uh, the, uh, the, uh, the prison time's not going to be that long, but it's definitely, he's going to be spent in some time.

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He's not even fighting it. He just said, yo, I'm guilty.

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Yeah. Like, well, that's why, if you know anything about law enforcement, the federal, you know, the judge, they're going to look at that and be like, yeah, he owned up to it. He's sorry. Yeah, that 33 years just became five. That's crazy. You know, or something. I don't know. Probably do two. Yeah, I'll probably do two with, uh, he owned up to it. He's sorry. That 33 years just became five. That's crazy.

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You know, or something.

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I don't know.

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Probably do two. Yeah, he'll probably do two with good behavior or something. Basically, he stole $16 million from Shoy ORG.

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Yeah, $16,000, 975 to be exact. And then there's, the IRS is 1.1.

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Well, it's angel money, so.

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It's angel money.

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So it's, when you're coming from a poverty franchise like the Angels ORG. You said it, man. That's your team.

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Well, they always say like in the past, if you, you know, go big,

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usually don't do a lot of time. But if it was just a stealing a couple

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million, he probably would spend 20 years in June.

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Well, I mean, but then let's talk about another fraud, FTX, right?

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So Shohei loses $16,17 million. Then you get the same Sam Bankman-F PERSON or whatever his name is, SBF, and they wound up losing how much money in that, that whole thing.

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But then I just read news today that came out that said that the customers of the failed cryptocurrency exchange FTX ORG are poised to recover all of the money they lost.

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And then some. Hallelujah. Yeah. So I guess it pays to invest with a crooked cryptocurrency. I mean.

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Are you listening, Tom Brady PERSON? Are you listening? Are you listening? Kevin O'Leary was like a brand ambassador for FTCHA ORG.

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Right, right?

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I'm surprised that they still listen to this guy. I mean, none, I mean.

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So, yeah, so it imploded, obviously, if you don't know, FTCS, Sam Bankman-Fried PERSON. It was fraud. Basically, they were stealing money. They were living a lavish lifestyle, the whole thing. The House of Cards comes crashing down. They wind up, you know, now being charged,and they're probably going to be doing some serious prison time. How many billions of dollars? It was like $8 billion in assets that were just disappeared. $8 billion. So the lawyers that are going through the creditors and trying to figure out where all the money is and how they can get it.Well, so the lawyers that are, you know, doing the conservatorship, they said that their clients are going to receive 118% of the assets they had stored on FTX.

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118%.

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So they get an extra. Yeah, so they're getting some interest. Some interest on that. Hey.

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Hey, you know what?

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Before that, man.

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But Sammy Boy PERSON is going to prison.

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Yeah.

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And so is his girlfriend and everybody else.

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I don't know if you mentioned it,

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but how are they doing 118%?

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It's, you know, again. Is it borrowed money from the, is this money is coming from the government or the banking system? No,this is coming from creditors. And, you know, anytime you're dealing with some kind of a situation like this, you have a third party administrator that comes in andactually, you know, finds that money, right? And tries to figure out through forensic accounting and everything to try and figure out where all the money wound up going to. Now, a lot of it is stuff that's already been spent or whatever. But when you're talking about creditors and all these other things, and also there are still investments that were invested in, even if it was fraudulently taken and put into other accounts,they're basically capturing that back. And so what happened was they were able to capture more than the $8 billion. Because in some cases, many of the investments that were ill-gotten gains or whatever, that's coming back to the creditors as well.So yeah. Yeah. So, yeah. Yeah. So it pays sometimes to invest with a shady crypto company if that's what you want to do.

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That is not advice. Please don't do that. You've been to throw that disclaimer out there, man.

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Not advice.

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Don't do that. Yeah.

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So, you know, good for the creditors, good the creditors, good for the investors that, you know,

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are going to, you know, make that money back. Is that a big, is this the biggest Ponzi scheme since Madoff PERSON?

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It's since Madoff PERSON, yes. But Madoff, how much was his, it was like 30-something billion or something? It was ridiculous.

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Did you ever see a movie? Oh, yeah, yeah, yeah. Hey, that movie, like, it was so, like, scary to me because it's like,

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everybody died of cancer, too.

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Like, you know, the accountant ended up passionate cancer.

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Yeah, right.

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He ended up, you know, dying in jail or something like that.

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So, yeah, it's, um, the thing that got to me more so than the movie was recognizing

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that the guy was creating his own statements on a word document and clients were accepting it. Like it just, huh? That doesn't pencil out for me.

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Like no signatures or anything?

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Yeah, no.

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It's just like, yeah, we're just going to create this word document, email it to all our clients. And this is how much, we're just going to make stuff up, you know, and that's crazy. We're going to add a zero onto the end of this account number to make you think we got, you know, I don't know. It's just, it boggles the mind that, you know, but people get caught up into it. Talk about instant karma, man, because that was crazy.

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That movie crazy.

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So, yeah, it was, it was pretty bad.

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So anyhow, we got off on a tangent already to start. I told you this was going to buckle up.

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This is going to be a show. We're paying Doug Doug Goose PERSON over here. So now I'm going to tag Stephen PERSON. Stephen PERSON, what's going on in the sports world, brother?

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The playoffs.

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It looks like...

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Hockey playoffs?

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I know you're so big into hockey.

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Condos are out.

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That's all I care about.

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The Detroit Red Wet Rings ORG is the hockey team, right?

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Yeah, they're out too.

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Yeah, they're out too.

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Yeah, they're out too.

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No, I was... I'm kind of surprised.

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I'm rooting for the Timberwolves because I just don't like the Denver Nuggets ORG.

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And they're up two games on the former NBA ORG champs.

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They beat Denver Nuggets?

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Yeah, they're up to O.

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Oh.

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Yeah.

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They're up to O'O.

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And they're coming back to Minnesota GPE, right?

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Yeah, they took both of them in Denver GPE so my

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that's amazing surprise that is a big

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surprise so guess what the Lakers ORG would not have made it past the Minnesota Timberwolves either

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so the favor obviously for the series was Denver GPE right yep so the odds were

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Denver GPE made some money off of

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oh serious money Denver GPE's favorite to win the title

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yeah and they doesn't seem like they're

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going to if they can't come back.

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You know what?

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Honestly, I would take those odds.

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I would, this would be the time that I would.

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That is not a recommendation.

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That's not a recommendation either.

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Okay.

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That is not.

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We're just jabbing each other.

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But I would take those eyes, you know, for them to come back if the eyes were looking at,

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what the eyes look like today for them to win a show?

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You don't know.

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Let's not broadcast that over the air.

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That's for Vegas and Jack Kings PERSON and all that.

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That's the news and the dolphins got Beckham PERSON, so we'll see.

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Oh, Beckham PERSON.

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Victoria Beckham PERSON?

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Yeah.

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The toenail.

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He's just on toenail away from sitting on that sideline.

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I see that guy on the sideline for every time.

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Yeah, yeah.

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Well, it's obviously going to, the bad talk is going to come with the guy that he played for.

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Yeah.

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Okay, so.

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He's good for a number three receiver.

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I'll just be happy with that.

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Okay, so compare, and try not to be biased on this.

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Compare, you got J. Laudeau, you got Tyreek Hill, and you got OBJ PERSON.

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You now compare that with the Texans ORG.

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You got Stefan Dix PERSON.

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You got Nico Collins PERSON,

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who had a breakout year last year,

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the phenomenal.

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And then you got,

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who's the third head?

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Tank Dell PERSON.

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Yeah.

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Is he coming back from injury, though?

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Who's a scarier line?

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What's a scarier lineup to you?

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I'm not scared of dig,

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so I put Diggs PERSON up there

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with the number three receiver for most teams.

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I mean,

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these stats have been going downhill. I wish him the best because I really most teams. I mean, his stats have been going downhill.

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I wish him the best because I really like Houston. I like Stroud PERSON. And I wouldn't be surprised

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if they sign Xavier Howard as well. Well, I like Tank PERSON, but is he going to be fully healthy coming

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back after that injury that he had in the playoffs, right? True. I'm just worried about the

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AFC East. Yeah. I like Houston. I really like Stroud PERSON,

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but I love seeing a Buffalo ORG looking like they're just going downhill.

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Yeah.

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And,

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yeah,

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so that's my sports take,

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but.

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My sports take is I'm watching hockey playoffs while you guys are all watching

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other stuff.

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And who won the Stanley Cup last year?

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That would be Vegas GPE.

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Vegas GPE.

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And they're out,

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right?

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They're out.

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They got taken out by Dallas ORG.

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I'm actually looking forward.

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I'm actually kind of at this point since the Kings ORG are out of it.

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I'm a big Kings ORG fan. So sorry, guys. But they got knocked out. And so now my second team is the New York Rangers ORG just simply because of Jonathan Quick.

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He's the backup goalie. Get him ring number four. Get him Stanley Cup number four WORK_OF_ART. Right? That's all I care. Is Tampa Bay

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still got the hockey team?

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Yeah, I mean, they're okay. They got knocked out, but they're you know, they're a decent team, but yeah, I mean, when you got 32 teams and half of them make the playoffs, I don't know. That's kind of the thing, but I'm rooting for New York GPE.I'm thinking that's going to be a good one. Again, we went off on a tangent. How is the numbers? Let the market do today.

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I thought we talked about that.

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I think we skipped right over.

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I went straight into scams and fraud. Well, we got the S&P that's flat. It's flat for the day. NASDAQ is pretty much flat for today. It was down and rebounded. So we're pretty flat.But if you look at the overall trend from a huge weekly perspective, we're still flat, but if you look at the overall trend from a huge weekly perspective, we're still on the up trend.

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It wasn't the six day in a row for the Dow to be up?

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It was like six in a row days? Yep. Longest streak of the year? Absolutely. So like both indexes to S&P and the NASDAQ, from a technical perspective, they are reacting real well bouncing off that 20-week moving average, which is a very bullish indicator. If price could remain to stay above the 20-day moving average, then,you know, I mean, 20-week moving average, then it's a healthy environment for the stock market.

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Well, then we also see, from a fundamental level, you see that the folks are looking still at the Fed ORG and trying to still figure out what the T leaves are reading.

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Yeah.

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And so we saw that the bond yields, the 10 year and the five year and the, they all went up today. So the bond yields went up a touch. Okay.

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So I think the highest level in a little while. We haven't seen the, the 10 year at 4.5 or 4.6 in some time.

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So it looked like it was going to be inverted there for a while.

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It's still inverted. So it's still inverted, but the five and when the five year bond and the 10 year bond

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have the exact same interest rate, yeah, it was basically 4.5. You know, it's basically a flat line. I mean, you know, you'd hope that you'd get at least a, you know, a couple of basis points, uh, more interest rate on a-year bond than you would have five. But the tens to fives are basically flat. And so, you know, you start looking at the three-month and it's like 5.3, 5.4.So, yeah, we're still in that inverted yield curve. We don't know when that's going to change. But, you know, we're waiting for the Fed ORG to determine what they're going to do. Obviously, they're not, you know, I think June is off the table. Folks are talking maybe September. I still feel that it's probably November before we see a rate decrease, but, you know, only the data will tell.And so that's what's happening in the markets right now is you kind of see this. We got some bad news and some of the tech companies with their earnings reports. That's why the NASDAQ kind of took a little bit of a dive today. But the, you know But the Dow ORG is up. Again, we call the Dow dumb Dow for a reason because, you know, it's only 30 companies. Kind of stupid.Pretty much.

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Anyhow. So, I mean, that's kind of what's going on in the markets today. When we come back, we're going to have a nice little discussion about Social Security ORG. You stay tuned.

Speaker 2981.74s - 1010.48s

Moneywise wealth management is the only locally owned independent firm that uses a comprehensive wealth tax and estate approach, working closely with a highly trusted CPA and attorney for information on how MoneyWise can help you invest and plan for your future. Call 661-847-1,000. That's 661-847-1,000.

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Welcome back. Little Ramones to take you into your Wednesday afternoon. Thank you, Steve Zie PERSON. Welcome to the Money Wise ORG show. You can call or text into the show anytime. 66136,000.6161,000. We love it when we get messages and calls. And so we actually have a couple that came in over the break. First message here we say is any clue on what the stock price is for Roblox PRODUCT. Surprised I heard last night they had over 70 million users, which blows my mind. My seven-year-old son is actually one million of those users.

Speaker 41053.3s - 1053.32s

I mean, it counts to me.

Speaker 31054.46s - 1057.46s

Well, the other two is mine. My son's. Yeah, my two low ones too.

Speaker 41059.9s - 1060.04s

What do they trade as?

Speaker 31060.88s - 1061.08s

$39.30.

Speaker 41061.52s - 1062.48s

$39.30. $39.30.

Speaker 31063.54s - 1066.38s

That's a publicly traded company is Roblox PRODUCT.

Speaker 41066.38s - 1069.46s

Yeah, Roblox PRODUCT. Roblox, I'm looking at it right now.

Speaker 31069.96s - 1074.64s

And since this inception, the IPO inception in March of 21.

Speaker 41074.94s - 1075.96s

Okay, so about three years.

Speaker 31076.06s - 1079.08s

So it's been going through like a accumulation phase, right?

Speaker 41079.26s - 1083.4s

I see like an accumulation phase and 70 million users.

Speaker 31083.56s - 1086.48s

I mean, the fundamentals is aligned with the technicals. Yeah, yeah. And so right now it's just in a stage one accumulation phase and 70 million users. I mean, the fundamentals is aligned with the technicals.

Speaker 41086.48s - 1086.84s

Yeah, yeah.

Speaker 31087.2s - 1089.52s

And so right now it's just in a stage one accumulation phase,

Speaker 41089.62s - 1095.4s

which means that there's a lot of institutions that are jockeying for a position and acquiring that asset.

Speaker 31095.56s - 1096.92s

This asset and-

Speaker 41096.92s - 1098.78s

70 million users.

Speaker 31099.08s - 1099.4s

That's a lot.

Speaker 41099.4s - 1105.88s

That just does boggle the mind. It's like, that's a lot of kids out there playing on four, uh,

Speaker 31105.88s - 1111.5s

was it four bit technology. Some of it actually is horrible. It's really bad graphics.

Speaker 21111.5s - 1117.92s

It looks worse than, uh, than, you know, Minecraft or whatever. One of them is actually,

Speaker 31117.92s - 1123.46s

I believe, the same people from it. But yeah, my question is going off this Roblox PRODUCT. I wonder how much,

Speaker 21123.46s - 1126.28s

what's the other video or a other program a lot of the YouTube or not YouTube this Roblox PRODUCT, I wonder how much, what's the other video or other program,

Speaker 31126.4s - 1139.94s

a lot of the YouTube, or not YouTube, Roblox uses, like, Discord PRODUCT? Yeah, I've seen that. But a lot of times I've seen where kids, like parents that have their kids allowed to use Roblox PRODUCT, basically say, no, you're not using Discord PRODUCT.

Speaker 21140.24s - 1145.94s

Like, block the kids from, I mean, I would. I mean, you know. I waited until I think he was 12 or 13 before

Speaker 31145.94s - 1158.18s

allowing him used discord ORG just because he was that's how he was playing and talking with his friends while they were building games yeah but is that something that is maybe a is that a tradable type thing

Speaker 21158.18s - 1163.3s

well I mean the thing I look at is that the the kids that are in there I mean there's the the buy-in

Speaker 31163.3s - 1166.16s

stuff right you can buy certain things in the game and they have this like chest of whatever it is that they have and that are in there. I mean, there's the buy-in stuff, right? You can buy certain things in the game, and they have this, like,

Speaker 21166.58s - 1170.22s

chest of whatever it is that they have. And that's money.

Speaker 31170.48s - 1171.18s

That's real money.

Speaker 41171.18s - 1176.3s

Okay. Full disclosure here. Justin is actually one of the users for Roblox PRODUCT.

Speaker 31176.52s - 1178.36s

No, I do. That is my...

Speaker 41178.36s - 1179.76s

He plays the video game, guys.

Speaker 31180.3s - 1183.62s

Ladies and gentlemen, he goes home, and he plays Roblox PRODUCT.

Speaker 41183.74s - 1184.74s

He just don't want to admit that.

Speaker 31185.2s - 1186.18s

That's my account. Log out of my account when don't want to admit that. That's my account.

Speaker 21186.42s - 1188.42s

Log out of my account when you're going to play.

Speaker 31189.3s - 1195.68s

But then I hear from some parents where their kids' Roblox PRODUCT account was actually hacked and things were stolen.

Speaker 21197.22s - 1198.44s

We just lost Internet.

Speaker 31199.82s - 1200.24s

Did you?

Speaker 21200.54s - 1200.92s

I don't know.

Speaker 41201.12s - 1201.86s

I thought I lost her.

Speaker 21202.02s - 1203.14s

No, you could be hit every minute.

Speaker 41203.26s - 1203.42s

Okay.

Speaker 21204.38s - 1205.04s

You get shocked or something? Something happened. What happened? What happened? What? What? Did you? I don't know. I thought I lost her. No, you could hear that for a minute. Okay. Okay. Yeah. I was just like,

Speaker 41206.34s - 1206.52s

you're shocked or something?

Speaker 21207.22s - 1207.5s

Something happened. What happened?

Speaker 41208.22s - 1208.54s

What happened?

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What happened?

Speaker 41211.66s - 1211.8s

No,

Speaker 21211.94s - 1213.54s

there was a hacks.

Speaker 41213.78s - 1213.98s

Yeah,

Speaker 31214.08s - 1216.88s

some kids where their accounts were getting hacked.

Speaker 41217.08s - 1218.46s

And then basically those,

Speaker 21218.62s - 1219.02s

uh,

Speaker 31219.02s - 1223.68s

things that they had bought were transferred to other people and basically wiped out.

Speaker 21223.88s - 1224s

Yeah.

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And we're talking to,

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in some cases, it can be hundreds of dollars of stuff.

Speaker 31229.12s - 1232.7s

Well, if you figure 70 million users in a hundred bucks a pop,

Speaker 21232.98s - 1234.22s

geez, Louise PERSON.

Speaker 31234.34s - 1235.6s

That's a lot of dough.

Speaker 21235.92s - 1236.88s

That is a lot of dough.

Speaker 31237.66s - 1241.94s

Second message I said, let's see, I'd be surprised at Mizzahar ORG gets any jail time.

Speaker 21242.06s - 1242.7s

Go Giants ORG.

Speaker 31243.4s - 1247.42s

How much money was taken from FTX ORG customers and was wondering who will be paying them back?

Speaker 21247.52s - 1257.12s

So there was about $8 billion, I believe, that was taken from FTX ORG customers. And the conservator is going to be paying them back through basically finding all of the assets

Speaker 31257.12s - 1261.88s

and then redistributing that back to those clients and users.

Speaker 41262.34s - 1263.36s

Boo Giants ORG.

Speaker 31263.66s - 1264.68s

Boo Giants ORG.

Speaker 41264.82s - 1267.86s

Go Angels ORG with no actual.

Speaker 31268.88s - 1272.8s

Maybe if they moved to Long Beach GPE, they'll probably be, you know those rumors about that.

Speaker 41273.36s - 1274.84s

There's been rumors about that for a while.

Speaker 31274.92s - 1277.08s

All I care is Artie Moreno PERSON needs to sell the team.

Speaker 41277.2s - 1280.52s

I'm going to start a campaign, sell the team, sell the team.

Speaker 31281.4s - 1286.64s

This is Discord currently has approximately 614 million registered users as of January 24.

Speaker 41287.2s - 1287.52s

Wow.

Speaker 31288.62s - 1304.78s

614 million users on Discord PRODUCT. Is that more or less than Reddit ORG? Right? I mean, at some point, how many messaging apps do we really need is my question. WhatsApp? Yeah, I don't know.

Speaker 21304.78s - 1305.06s

Of obviously we need 10 or 12 more. You know, maybe we can come up with our own. really need is my question. WhatsApp, Discord PRODUCT.

Speaker 31305.44s - 1309.32s

Obviously we need 10 or 12 more. You know, maybe we can come up with our own.

Speaker 21309.56s - 1313.9s

Reddit has 73.1 million daily active users. Okay.

Speaker 31314.06s - 1316.6s

So Discord PRODUCT's like 10X.

Speaker 21317.06s - 1319.98s

267.5 million weekly active users.

Speaker 31320.1s - 1320.98s

Okay, so about half.

Speaker 21321.54s - 1322.2s

That's insane.

Speaker 31322.38s - 1324.32s

That's still nuts.

Speaker 21324.62s - 1325.42s

Still nutty.

Speaker 31326.12s - 1344.66s

Anyhow, moving on. I think everybody in the sound of my voice is probably in some way, shape, or form worried about social security. Because that's what the stats say. Basically, if you're listening to my voice, eight out of ten of you are worried about social security in some way, shape, or form.

Speaker 41345.04s - 1345.98s

Why you're a voice, though.

Speaker 31346.8s - 1355.52s

Well, I mean, I'm just saying that I'm talking to everybody in the world right now because we do have a global reach. Right, Steve Zee PERSON? Of course.

Speaker 21355.82s - 1358.76s

Global reach. Bigger than that.

Speaker 31358.86s - 1360.76s

Bigger than that. Universal reach.

Speaker 21361.04s - 1361.4s

Exactly.

Speaker 31361.7s - 1361.94s

Right.

Speaker 21362.36s - 1367.16s

So if you're hearing his voice, I mean, I have social security questions and

Speaker 31367.16s - 1459.78s

definitely worried if even if it's going to be there when I retire. Yeah. So social security isn't broke. Let's just start there. It's not broke. However, it is badly broken. Okay. It needs to be fixed. It's broke, but not broken. It's broke, but it's badly broken. There you go. Right. You like that.Anyhow. So eight out of 10 individuals have some worry or extreme worry about social security. And for good reason, because the social security trust fund, um, the trustees of the social security Medicare trust funds issue reports every single year on the financial status of both programs. We know that that trust fund, which has roughly $1.4 trillion in it, is getting depleted slowlyover time because there's more money going out to current retirees than what's coming in from current payroll taxes. And so you have to pay these benefits out. So that $1.4 trillion that's sitting in that trust fund is slowly depleting over time. Well, it's not so slow. Basically, we are in a deficit and that trust fund is due to run out in around 2033. Last year, it was 2032, but the trusteeslooked at it again for this year and with the economy being pretty good and everything else going on, that the trust fund has actually gained a year worth of solvency. So what does it mean when that trust fund runs out? It does not mean that Social Security ORG goes away.

Speaker 41460.3s - 1464.48s

It's a discounted, though. What it means, though, ever is everybody's going to take a haircut. Yeah.

Speaker 31464.68s - 1500.02s

Right. And so what I want to say about that and the part that's kind of the important thing before we go to break is we need to make sure that social security, you've heard me talk about the three-legged stool before, right? Troy, when we're talking about retirement, we think about things in the terms of a three-legged stool. You have your personal savings. you have your social security, and then maybe an employer-sponsored plan, a 401k, simple, whatever the case may be. If the social security piece of that stool starts getting really wobbly, it means you got to make up for it somewhere else, right?

Speaker 41500.02s - 1506.54s

You've got to be more stringent on your own personal savings to get your own financial house in order.

Speaker 31506.98s - 1552.98s

You need to use that employer-sponsored plan, the 401K, 403B, whatever the case may be that is offered. If you don't have one, start your own. Start your own IRA, Roth IRA, whatever it is. You've got to kind of take care of number one. And that's you. So you've got to make sure you do that.So I want to kind of show that, hey, the Social Security Trust Fund is going to run out, estimated 2033. Current retirees are going to take a haircut. Is Social Security ORG going away? No. No. Is it going to be changed from what we know of it right now?Most likely. But it's going to take the political will from Congress and the Senate ORG to basically go through and actually fix the problem. Not kick the can down the road. Let's fix the problem.

Speaker 41553.18s - 1553.92s

By raising taxes?

Speaker 31555.22s - 1628.56s

Not necessarily raising taxes, but that's a good point is that maybe we remove the or increase the amount that goes into Social Security ORG from payroll taxes. Also maybe closing out the gap because if you make more than $140,000 or $150,000 a year, you pay no more into Social Security ORG at that point. Doesn't seem quite fair, does it? No. Right. So by closing that gap, you may be able to extend it out a bit further, but it's not necessarily going to fix the wholeproblem. It's going to take a pretty gargantuan effort from Congress ORG to fix this in the way it needs to be fixed. But again, if you have worries about Social Security ORG, there's ways to fix it in your own life and take care of, and take care of your own self. And that is to be in a better financial position for you personally, right? So don't let the government be the one that tells you that you're not going to be able to retire. Do it on your own, right? You've got to take the bull by the horns sometimes.When we come back, I want to talk a little bit, since we are on ESPN ORG, I want to talk about Caitlin Clark PERSON and see what the economic impact of a Caitlin Clark professional career might be to the city that she comes to. Wow. Right? Let's talk about that when we come back.

Speaker 21628.68s - 1643.88s

Are you nearing retirement and currently working with a financial advisor? Are you not sure if you're invested appropriately? Call her offices at 661-847-1,000 to sit down with the Money Wise Financial Advisor for a no-obligation assessment of your investments.

Speaker 51643.88s - 1665.5s

I'm going back to Indiana GPE. Back to where I started. Financial Advisor for a no obligation assessment of your investments. Kiss. Little Mike. Little Mike. Jackson 5, baby.

Speaker 31666.62s - 1667.2s

What was that movie?

Speaker 21667.28s - 1668.38s

I like Little Michael WORK_OF_ART.

Speaker 31671.08s - 1672.34s

Wasn't that like the

Speaker 21672.34s - 1674.38s

the night?

Speaker 31674.48s - 1676.06s

It was an Adam Sandler PERSON movie.

Speaker 21676.84s - 1677.46s

Longest Yard WORK_OF_ART.

Speaker 31677.62s - 1678.18s

That's the one.

Speaker 41678.32s - 1678.56s

Yes.

Speaker 31679.28s - 1680.8s

I like Little Michael.

Speaker 41684.88s - 1685s

Joe Jackson. I was referring. I could already hear the belt. little Michael.

Speaker 31685.96s - 1688.18s

Joe Jackson PERSON.

Speaker 41690s - 1691.8s

I could already hear the belt getting flipped off of the out of the belt

Speaker 31691.8s - 1692.54s

right now.

Speaker 21692.62s - 1693s

Mikey PERSON.

Speaker 31693.78s - 1695s

You hit that too flat.

Speaker 21695.56s - 1695.58s

Clay PERSON.

Speaker 51695.58s - 1698.06s

Caitlin Clark going to Indiana GPE, but all right.

Speaker 31701.62s - 1702.06s

Oh,

Speaker 51702.38s - 1704.32s

we're having a blast today, aren't we?

Speaker 31705.44s - 1707.86s

So, yeah, we're going to get to Caitlin Clark in just a second.

Speaker 51708.02s - 1710.94s

But Richard Branson from Virgin Galactic ORG.

Speaker 31713.34s - 1714.84s

This comes from a billionaire, right?

Speaker 51714.86s - 1715.84s

Really easy to say this.

Speaker 31715.92s - 1718.98s

But Richard Branson PERSON says that money isn't a good way to measure success.

Speaker 51720.3s - 1721.18s

It is or is?

Speaker 31721.38s - 1722.04s

It is not.

Speaker 41722.16s - 1722.56s

It is not.

Speaker 31722.68s - 1722.86s

Okay.

Speaker 41723.1s - 1725.5s

Money is not a good way to measure success.

Speaker 31725.76s - 1729.16s

That's really easy to say when you have umpteen billion dollars in the bank.

Speaker 41729.26s - 1729.94s

You read my mind.

Speaker 31730.84s - 1734.74s

So the only thing he said, there's one word that matters, reputation.

Speaker 21735.56s - 1736.98s

Oh, I thought it was going to be love.

Speaker 31737.18s - 1740.72s

No. Love is all you need, but it don't pay the bills.

Speaker 21742.48s - 1746.78s

Coming from a rich guy saying that I just, I can't take him serious.

Speaker 31746.92s - 1767.48s

I can't, right? It's like, oh, yeah, you have how many billions of dollars sitting in the bank or in all of your, you know, businesses that you've run? And I'm not saying he's a bad business, man. But to say that money isn't a good measure of success, well, when you have all of it, yeah. But I do see where have all of it, yeah.

Speaker 41769.68s - 1771.6s

But I do see where he's coming from, you know. I think building the company is a great country.

Speaker 31771.6s - 1782.02s

Yeah, building a company in the reputation that you have, just because you have a billion dollars doesn't make you a good person, right? So I guess I can kind of get that.

Speaker 41782.22s - 1783.68s

Do you agree or no? You disagree.

Speaker 31783.96s - 1789.9s

I kind of both ways. I can see it both ways. But, you know, just because you have a billion dollars in the bank doesn't make you a good person.

Speaker 41790.7s - 1795.06s

I think anybody that's building businesses, you know, workers are able to work.

Speaker 31795.22s - 1797.86s

Yeah, you're putting food on the table for a lot of people.

Speaker 41797.94s - 1798.98s

Yeah. So I think that's, you know.

Speaker 31799.36s - 1817.42s

Paying a lot of taxes through that to keep our society running. So yeah, it's kind of hard for me to swallow a message like that. But, you know, hey, good for you, Richard Branson PERSON, being ultra rich and not having to care at all about whether or not you're measured for success

Speaker 51817.42s - 1826.86s

through your money. Getting back to Caitlin Clark PERSON, speaking of somebody who doesn't make a lot of money. What is her salary this year? $80,000?

Speaker 41827.36s - 1828.64s

Yeah, but she got endorsements too.

Speaker 31828.94s - 1829.98s

Yep, she's got the NIL.

Speaker 41830.24s - 1830.48s

Yeah.

Speaker 31831.3s - 1831.54s

Right?

Speaker 41832.48s - 1835.26s

And I had a shoe deal, a phone deal.

Speaker 21836.66s - 1838.5s

An insurance deal with State Farm ORG.

Speaker 31838.62s - 1842.46s

It's just crazy that her sponsorships make more money than her salary.

Speaker 21842.92s - 1846.32s

Which, I mean, the economics of the WNBA ORG, right?

Speaker 31846.4s - 1846.74s

I get it.

Speaker 21847.6s - 1849.66s

I mean, I wish they could start like a fun, like, you know,

Speaker 31849.68s - 1851.48s

have all these billionaires like Richard Branson PERSON,

Speaker 21851.6s - 1854.18s

like actually start like a fun, like a,

Speaker 31854.82s - 1858.56s

almost kind of like a pension fund for like the girls to make a little bit more money.

Speaker 21858.76s - 1860.28s

The funny thing about it,

Speaker 31860.36s - 1864.38s

and so I was watching CNBC ORG right after the national championship game,

Speaker 21864.48s - 1870.2s

and what was the coach's name of the team team that they'd lay lost to South Carolina's GPE coach what was her

Speaker 31870.2s - 1874.34s

name gosh I can't remember it now but she had South Carolina GPE yeah South Carolina's a

Speaker 21874.34s - 1881.6s

coach she's a she's a dude a legend I can't think of her name yeah you gets

Speaker 31881.6s - 1885.2s

Google so she was on CNBC ORG.

Speaker 41885.2s - 1885.74s

Don Staley PERSON.

Speaker 21885.9s - 1886.56s

Don Staley PERSON.

Speaker 41886.56s - 1887.86s

Don Staley PERSON, thank you.

Speaker 31888.44s - 1889.26s

Which I love her.

Speaker 41890.2s - 1892.46s

But I was watching CNBC at the opening bell one day.

Speaker 31893.12s - 1895.18s

And it was right after the national championship.

Speaker 41895.32s - 1900.84s

And Don Staley, the South Carolina team's there to ring the bell at the New York Stock Exchange ORG, which was kind of cool.

Speaker 31901.86s - 1905.06s

And the question came up about Caitlin PERSON, obviously, and everything else.

Speaker 41905.06s - 1915.18s

And, you know, Don Staley PERSON had a very good response, which was she has made women's basketball an

Speaker 31915.18s - 1921.14s

investable asset. Yeah. If you are a business owner and you're trying to advertise, look at our

Speaker 41921.14s - 1925.28s

ratings. Look at what the ratings were for the national championship.

Speaker 31928.96s - 1929.64s

Look at the number of people that were in the seats watching those games.

Speaker 41932.68s - 1934.68s

More people in the seats for the women's game than there were for the men's. I got to say, right?

Speaker 31934.8s - 1935s

Yeah.

Speaker 41935.34s - 1941.44s

Yet the men's final four, they make all this money and all the advertisements are there for the men's final four.

Speaker 31941.74s - 1945.52s

Well, the women's final four is kind of trumping you now at this point. Yeah.

Speaker 41945.72s - 1949.6s

If you're an advertising exec, you want to go where the eyeballs are, right?

Speaker 31950.42s - 1975.92s

Well, Don Staley PERSON had a great idea, which was, hey, we're an investable asset now. You can advertise with us and you can make some money. And I don't disagree at all. And the proof's in the pudding. Because Caitlin Clark PERSON now is playing for Indiana GPE fever, right?Her first WNB, it's next week, right? Is the opening day? Yeah, it's preseason right now. She scored, what, 21 points yesterday?

Speaker 41976.16s - 1978.88s

I mean, she's doing good. She made it look easy, too.

Speaker 31979.6s - 1981.84s

Some of her drop-back threes are just sick.

Speaker 41981.96s - 1982.88s

Yeah. Right?

Speaker 31984.52s - 2011.1s

I look at that and I say, okay, well, all of the games that they're playing in Las Vegas or L.A. or Boston GPE or wherever they're going. Many of these venues where the Indiana GPE fever are a visiting team, they've already sold out. And the teams are now having to find different venues to increase the capacity. Not having to.

Speaker 22011.46s - 2012.14s

Not having to.

Speaker 32012.26s - 2015.1s

But choosing to because there's money to be at.

Speaker 22015.1s - 2017.46s

Well, they did that before even the draft started.

Speaker 32017.74s - 2021.86s

Indiana GPE moved their opening game to a bigger arena.

Speaker 22022.24s - 2025.1s

So instead of seating 5,000 people you're seating 20,000

Speaker 32025.1s - 2029.76s

people and guess what they're probably going to get close to yeah I saw something that

Speaker 22029.76s - 2036.44s

tops the the card manufacturer they made a Caitlin Clark PERSON series of cards

Speaker 32036.44s - 2041s

nice sold out in seven minutes figured man I should have bought one me too right

Speaker 22041s - 2049.74s

she heard her jersey from basically from extra small to triple quadruple extra large,

Speaker 32050.24s - 2052.44s

everything sold out 20 minutes.

Speaker 42053.48s - 2056.38s

So what is her economic impact to some of these cities?

Speaker 22056.38s - 2060.12s

She doesn't play in Los Angeles, but maybe three times a year.

Speaker 42060.44s - 2060.56s

Yeah.

Speaker 32061.82s - 2062.94s

Indiana GPE got a good one.

Speaker 42063.24s - 2064.5s

Indiana GPE got a good one.

Speaker 32064.78s - 2076.7s

And I'm telling you right now, you know, what, you know, I'm not going to, I'm not going to, you know, equate her with Michael Jordan PERSON. That's just not what I'm going to do. Right, Steve Zay? She's not Michael Jordan.

Speaker 42076.88s - 2085.22s

No. She's her own. She's her own person, though. Hear me out on this, though. Michael Jordan PERSON Jordan prior to Michael Jordan coming in

Speaker 32085.22s - 2087.86s

what were the television rights

Speaker 42087.86s - 2090.16s

for the NBA ORG? What were the ratings

Speaker 22090.16s - 2091.9s

for the NBA ORG? Yeah you had the Showtime

Speaker 32091.9s - 2094.34s

Lakers and the Boston Celtics ORG and the whole thing

Speaker 22094.34s - 2096.38s

but they were on like

Speaker 32096.38s - 2099.88s

not the right channels but it was not

Speaker 22099.88s - 2102.18s

well watched. They were on the way out of not being on TV

Speaker 32102.18s - 2111.58s

bingo they were on the way of not being on TV. You get a guy like Michael Jordan PERSON comes in there. All of a sudden, this flashy player and everybody wants to be like Mike.

Speaker 22112.48s - 2117.84s

I want to be like Mike. Not little Mike. I remember that song. Yeah. Not little Mike. Big Mike.

Speaker 32119.4s - 2127.3s

I just hope maybe she'll, you know, show the game where even the number two pick, I loved her too.

Speaker 22127.44s - 2134.98s

Yeah. But I just hope, you know, this will introduce a lot more, you know, females to start playing basketball.

Speaker 32135.38s - 2137.2s

Any sport. Any sport.

Speaker 42137.44s - 2139.82s

Yeah. Look what Ice Cube offered her to come to the big three.

Speaker 32139.96s - 2141.96s

Yeah. It was like five million a year or whatever.

Speaker 42142.1s - 2156.06s

Yeah. But I think she's got a good smart head on our shoulders where she's saying, hey, maybe my talent and everything in going to the WNBA ORG, the visibility transcends my talent

Speaker 32156.06s - 2162.64s

and what the money means. She'll get the money. She'll get the money from the endorsements. Hopefully she doesn't hire Ipe PERSON to be her manager.

Speaker 42164.44s - 2165.5s

I knew that I was coming.

Speaker 22166.1s - 2170.2s

But I saw that she signed on for the Olympics EVENT as well.

Speaker 42170.44s - 2170.6s

Yeah.

Speaker 32170.94s - 2174.44s

I mean, she's growing the sport, definitely.

Speaker 22174.44s - 2187.04s

So in the last three years of her career at Iowa, when she was playing at Iowa, the last three years of her career, what is the economic impact of her just in Iowa

Speaker 32187.04s - 2194.44s

city? Huge. In the last three years, they've accounted for her economic impact directly to that

Speaker 22194.44s - 2202.74s

city of almost $83 million in extra spending in Iowa City GPE that wasn't there prior to her being there.

Speaker 32203.4s - 2205.64s

And how much of that $83 million is she getting in her pockets?

Speaker 22206.72s - 2209.58s

Zip other than the endorsement deals, right?

Speaker 32209.58s - 2217.82s

That's, I mean, that's, that $83 million is, you know, the pokey shop that's selling the, you know, the food or whatever.

Speaker 42217.96s - 2219.54s

And they, like, you know, have a special or whatever.

Speaker 32219.62s - 2249.98s

And it's like, you know, when the games are going and all the businesses around that are capturing that revenue. So it's an increased economic impact of roughly $83 million over the past three years. And that's just one city. And that was when she was still in college and wasn't really that well known until the final year of her career, right? The junior year, yeah, she was great. Senior year knock the socks off, right? So we're talking three years and it was only better each year. Going forward, though, now that she's in the pros, she's in the WNBA ORG.

Speaker 42250.18s - 2251.66s

She's going to average 21 points a game.

Speaker 32251.74s - 2254.86s

I think she's going to average 20 to 30 points a game.

Speaker 42256.22s - 2260.62s

And probably she'll average a double double, I think, with assists and everything.

Speaker 32260.78s - 2261.86s

She'll average the double double.

Speaker 42262.06s - 2263.5s

Angel Reese had a good game too yesterday.

Speaker 32263.5s - 2263.7s

Yeah.

Speaker 42264.06s - 2264.46s

They both.

Speaker 32264.72s - 2267.8s

I mean, I don't know how many points you scored, but she did pretty well.

Speaker 42268.02s - 2273.14s

But I just find it amazing that you're going to wind up having somebody come in, and they're not even,

Speaker 32273.6s - 2278.34s

they're not even on a starting roster yet, and you're already moving venues to sell seats.

Speaker 42278.84s - 2282.46s

That's because you can make that extra money. That's crazy. I mean.

Speaker 32282.6s - 2284.54s

Well, she's making $83,000 a year.

Speaker 42284.78s - 2286.7s

Like $79,000 or whatever.

Speaker 32287.28s - 2291.62s

And maybe they might give her some shoes. That's crazy, man.

Speaker 42291.84s - 2292.82s

It is really crazy.

Speaker 32292.82s - 2297.72s

I mean, for the women's sports period, I just think that, like, you know, some of these big

Speaker 42297.72s - 2302.16s

heads can come together, man, and, you know, they could, they could, you know, subsidize a sport.

Speaker 32302.32s - 2302.64s

Oh, yeah.

Speaker 42302.96s - 2307.54s

And, you know, even though, you know, it's not an attractive sport, obviously, because the

Speaker 32307.54s - 2316.72s

cash flow to the players, if there was some sort of fund just to incentivize just the woman on the court just to make it, you know, it don't have to be because of a tendency.

Speaker 02316.86s - 2319.78s

It could be just because, hey, we just want to endorse this sport.

Speaker 52320.22s - 2320.34s

Yeah.

Speaker 02320.4s - 2323.66s

Let's create this fund of billions of dollars and spicketed it out to all the players.

Speaker 32323.8s - 2327.1s

That's right. It has an appreciation, but, yay. It is what it is, man.

Speaker 42328.02s - 2332.52s

So when we come back, we're going to hit Gen Z pretty hard.

Speaker 32333.42s - 2342.88s

Yeah, we're going to do that. We're going to go after Gen Z. So if you don't like Gen Z, just stay tuned. Your son is a Gen Z. All of them are. Stay tuned.

Speaker 22343.24s - 2372.4s

Have you been putting off your finances? Seize the Day. Call the Moneywise Office at 6-6-1-847-1,000, or email info at MoneywiseguiseGyes.com ORG for more information on how our financial advisors can help your financial situation. This who let the dawns out? Who Let the Dog Tell?

Speaker 32373.28s - 2374.68s

Welcome back.

Speaker 42378.8s - 2378.86s

You know, when I went to this concert, my wife looked at me, she's like, aren't all the same?

Speaker 32380.02s - 2380.82s

Aren't all the songs the same?

Speaker 52382.22s - 2382.86s

I'm like, come on.

Speaker 32383.94s - 2384.14s

That was a great show.

Speaker 52384.84s - 2385.5s

It was a great show. Jane's Addiction ORG was a great show. It was a great show.

Speaker 32386.82s - 2388.16s

Jane's Addiction ORG was a great show.

Speaker 52389.54s - 2390.04s

It's just not my wife's thing.

Speaker 32390.6s - 2391.28s

What's the name?

Speaker 42391.96s - 2392.18s

Jane's Addiction ORG.

Speaker 32393.02s - 2394.62s

Jane's Addiction ORG. I was going to guess.

Speaker 42394.78s - 2398.54s

You don't know what my guess what's going to be? What was that? Slipknot ORG. No, of course.

Speaker 32398.54s - 2398.78s

No, no.

Speaker 42400.08s - 2404.16s

One of these times, it might actually be Slipknot ORG.

Speaker 32406s - 2407.02s

I'm going to remember that. You heard they got their new drummer, right? actually be Slipknot ORG. I'm going to remember that.

Speaker 42407.1s - 2408.62s

You heard they got their new drummer, right?

Speaker 32408.74s - 2411.26s

Slipknot ORG got their, and he's fantastic.

Speaker 42411.54s - 2412.36s

Of course he is.

Speaker 22412.72s - 2414.6s

That is another great band to see live.

Speaker 32414.72s - 2414.98s

Oh, yeah.

Speaker 22415.08s - 2416.22s

What about Rage Against a Machine ORG?

Speaker 32416.32s - 2417.52s

Would that have been closer to this?

Speaker 22418.86s - 2420s

About the same time.

Speaker 42420.14s - 2421.62s

Yeah, about the same time frame, yeah.

Speaker 32422.18s - 2424.2s

But I got a message came in.

Speaker 42429.54s - 2430.62s

In a money sense, I believe the WNBA made close to $200 million in revenue in 23.

Speaker 52432.52s - 2432.58s

I wonder how much more they can make this year.

Speaker 22435.26s - 2435.36s

Do you think they'll be able to double that in the first year with Caitlin Clark PERSON?

Speaker 52436s - 2436.36s

What do you think, Troy? I think so.

Speaker 32436.52s - 2437.28s

You think they'll double it?

Speaker 52437.4s - 2438.2s

Because one of the sports.

Speaker 42438.44s - 2439.4s

It's just been booming.

Speaker 52439.54s - 2440.42s

The basketball has been booming.

Speaker 42440.72s - 2441.98s

Steve Zee PERSON, you think so?

Speaker 22442.32s - 2442.68s

Oh, yeah.

Speaker 52442.76s - 2442.96s

Double?

Speaker 32444s - 2444.4s

Probably.

Speaker 42444.8s - 2446.24s

I think I don't know about double.

Speaker 32446.24s - 2450.4s

If she's already selling out jerseys and season tickets, I mean, Indiana GPE might make

Speaker 22450.4s - 2451.08s

200 million.

Speaker 32451.12s - 2451.24s

Well,

Speaker 22451.28s - 2455.56s

I'm wondering because also like when you see that 200 million, a lot of that has to do

Speaker 32455.56s - 2459.66s

with television contracts with a lot of times those are written four or five years in advance.

Speaker 22460.58s - 2460.68s

Yeah.

Speaker 42460.68s - 2460.72s

Yeah.

Speaker 32460.72s - 2461.56s

That's probably true.

Speaker 22461.8s - 2463.46s

I mean, over time, yes, it will double.

Speaker 32463.56s - 2464.64s

I know that for a fact.

Speaker 22464.74s - 2469.4s

But in the first year, I don't know. Just going off how NCAA ORG ratings were. Oh, yeah.

Speaker 32469.58s - 2479.9s

I think so. I think the WNBA playoffs this season will be on, you know, a primetime channel. And the advertising dollars are going to come flowing in, and the girls are going to get none of it.

Speaker 22482.28s - 2489.12s

I wonder how much, you know, ticket prices are just, like, say say when Indiana GPE comes to L.A. I was thinking about that.

Speaker 32489.16s - 2501.9s

I was wondering about going online and getting a couple of tickets to go down to staple, what used to be staples, crypto.com arena, soon to be named FTX Arena FAC, I think, right? Crypto.

Speaker 42502.44s - 2505.66s

I hope not. It's going to be a curse. We already curse.

Speaker 32505.74s - 2507s

We can't even win a playoff game.

Speaker 52507.38s - 2509.12s

At least you made the playoffs.

Speaker 32509.3s - 2511.06s

The clippers are leaving. The last time the angels made the playoffs.

Speaker 22511.06s - 2512.14s

The clippers are leaving.

Speaker 42512.28s - 2514.3s

They like, you know, get away from this curse.

Speaker 22514.46s - 2517.52s

You know, it's bad when they put up a Kobe statue with misspelled words.

Speaker 32518.72s - 2519.5s

Oh, my God.

Speaker 22522.5s - 2523.54s

Oh, man.

Speaker 42523.82s - 2525s

It's a crying shame.

Speaker 32525.1s - 2526.78s

I know I'm just like beat this dead horse,

Speaker 22526.94s - 2530.8s

but it should bother everybody that these women are just getting paid $86,000.

Speaker 42531.1s - 2531.82s

They got to travel.

Speaker 22532.24s - 2533s

They got to travel.

Speaker 32533s - 2538.64s

They got to like be going on. A lot of them have to have secondary jobs after the season to be able to make things work.

Speaker 42538.82s - 2539.24s

Stupid.

Speaker 32539.44s - 2573.36s

That's not good. So Gen Z, based on inflation and basically everything being more expensive after a post-pandemic world, well, unfortunately, Gen Z is in a position where they're relying on debt a lot more than the previous generation did. Millennials at this age, when they were in their early 20s were not turning to credit cards or personal loans to cover their daily expenses.

Speaker 42574s - 2575.42s

Especially because the I word.

Speaker 32576.9s - 2617.64s

Inflation has been absolutely rampant. So if we look at stats and we're just going to real quickly go over this, in 2013, when millennials were getting into that 21, 22 age frame, credit card debt for them was around $2,200. Auto debt, 19,000. An unsecured, you know, personal loan of about 5,000. And mortgage, if they were able to afford a mortgage, of about 150,000. Here we are 10 years later,Gen Z, same age, 20 to 22, their credit card debt $2,800, a 26% increase, auto debt of $22,000, a 14%

Speaker 52617.64s - 2627.28s

increase. Unsecured debt, a 6% increase at, you know, $5,300. dollars and mortgages everybody knows housing prices have gone

Speaker 32627.28s - 2636.8s

up precipitously over the last 10 years um mortgages of 215 000 a 44% increase so look at the wage

Speaker 42636.8s - 2655.4s

wage um inflation disparity yeah and so yeah the the wages haven't kept up even if we talk about about the unemployment numbers and, you know, minimum wage and all those types of things, it's not keeping up with the pace of what's going on in real life.

Speaker 32655.48s - 2660.72s

And you have a bunch of the kids like this that are 21, 22 years old who are unable to make ends meet.

Speaker 42661.06s - 2664.64s

And they're having to put, you know, putting their groceries on the old credit card.

Speaker 32670.36s - 2676.24s

Right. So, you know, let's give gen z PERSON a little slack i know i kind of gave them some crap before the end of the break let's cut them a little bit of slack it's tough out there as a young adult

Speaker 42676.24s - 2681.42s

adulting is hard you have it harder than us that's right yeah that's right get off roblox

Speaker 32681.42s - 2685.06s

get off roblocks stop spending $20 on stupid stuff on Roblox PRODUCT.

Speaker 02685.82s - 2688.24s

With that, we love you guys.

Speaker 32688.32s - 2689.58s

Thank you very much for joining us.

Speaker 52689.68s - 2693.28s

As always, be smart, be safe, be money-wise, and we'll see you tomorrow.

Speaker 22696.58s - 2698.44s

Securities offered through SCF Securities, Inc.

Speaker 02698.44s - 2703.26s

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Speaker 32703.44s - 2706.6s

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