[00:00:24] Speaker A: Okay, coconut man, moon heads and pea, you ready?
Seems like everybody's got a price I wonder how they sleep at night when the sale comes first and the truth comes second just stop for a minute and smile why is everybody so serious? Acting so damn mysterious got shades on your eyes and your heels so high that you can't even have a good time everybody look to the left everybody looks all they write can you feel that? Yeah, we're paying with love tonight it's not about the money, money, money we don't need your money, money, money we just want to make the world day forget about the pride.
[00:01:21] Speaker B: Hey, everybody, welcome to money and change right here on the Trim radio network.
You can always follow our programs on trimradio.com, and we are worldwide.
And that's great because we have listeners in Myanmar, which used to be called Burma and India, South Africa and elsewhere around the african continent, plus Europe and North America.
So, you know, we're covered. We're worldwide, and that's a good thing. Well, anyhow, guys, welcome to money and change. And I'll tell you what, we've got a lot of interesting things to think about, but before we do, you know, we always have to do a disclaimer.
The information contained in this presented material is from the posting of news agencies on the Internet and are not necessarily views or opinions of the owners of this program.
Nothing in this show should be considered legal, medical, financial, or investment advice. You should always do your own research and consult with professionals. We are not responsible for and expressly disclaim all liability for damages of any kind arising out of use, reference to, or reliance on any information contained in this broadcast.
So we always want to seek professional advice.
Well, anyhow, here we are on, gee, it's Sunday and in August. Can you believe it? It is. Everything is passed very quickly. I can't believe that. It's August already and a lot of stuff is going on and, you know, we've got a lot to talk about, and I'm going to be able to do some things on the screen today, hopefully, and let's see what we can do here.
Well, you know, trim radio has a lot of stuff. The network has a lot of stuff to do. Okay? You can listen to us now. You can partner with us. If you partner with us, you can host your own show. You can advertise with Trim. You can be a bullseye vip member, okay? And you can support the station. You can donate or you can shop our merchandise. If you click on that and you check on your cart and everything you click on that, and the merchandise will come up. And I don't have anything in the cart right now. Holy cow. I just want to shop. Well, gee whiz. Let's see what I can bring up in the cart.
Well, you can advertise, you can donate, but let's get down to it. We've got t shirts, we've got hoodies, we've got ceramic ornaments. We've got mugs, morphing mugs that change color.
We've got all kinds of stuff. And you can see as I'm posting it here on the screen, we've got a lot of different stuff. Okay. And for all the different shows, and I'll tell you what, you can earn points and everything. All you have to do is just buy the merch, buy the merchandise, okay? Because all the money that comes in from buying the merchandise goes directly into paying for airtime for the show.
Yeah. Airtime is expensive, and so we need to do that. Also, a lot of us donate our time and money and efforts into trim radio network. I know I donate for the music licensure that we have. And if you take a look in the upper left hand side, you'll see our number is the BMI music license is 6105-1658 and that allows us to play music.
And so, you know, we have a lot of different stuff going on. And you can catch this in all different types of formats, whether or not it's going to be on X, which was formerly Twitter or YouTube or Facebook or Instagram, we're there. Okay. You want to check us out? And you can check out all of our different programs that we have. Wow. What type of programs do we have out there?
Well, we're constantly growing. We have the red pill variety show, actually reality, not variety. Well, he does talk about a bunch of variety things, and that's with calistefin. And I'll tell you what.
He's a great guy, has a great show, talks about a lot of different things in depth. He's good for 2 hours. I can't do 2 hours talking about finance guys.
I can't do that. There's so much material, and we have to get it covered so I can go and do more research because there's a lot of stuff out there.
The shows that we have, we have adventure awaits around the bend. We have ranch it up with tigger and beckley. We have life walk with christ, God. And that's with michael bayhouse. We have money and change right here every Sunday at 08:00 p.m.
and it's always lies, except for one thing.
Live for one thing. And that's a concert. And I have one more concert to play for the summer season. And then we go into rehearsal for the winter season.
So I've only got one more concert to do, and that will be in September.
So we'll be doing a bunch of live editions of money and change right here on the Trim radio network at 07:00 p.m. also take point 22 radio show with Michael Bayjas. We also have the slobberknocker talk. We also have offsides. Now, those happen during football season, okay? And they're good shows. You got to check them out. We also have the natural marketer podcast, and that's with Victoria Smith. And you have to really check with her.
She does an excellent job. Every Wednesday night live, we have my world live laugh and whatever, and we can talk about anything we want there. And that's at 08:00 p.m.
on Wednesday nights. And that's live. We also have the positude podcast. And we have Roscala's red pill reality show. And Roscala, I have always asked you for a green pill. You always say, take the red pill or take the blue pill. What about the green pill?
You haven't come up with that yet?
Oh, boy. He's a character. I really like his shows. He is something else. We have a lot of good shows, and if you want to do your own, it's very easy to do. Contact us.
Okay. There's a little button, and I'm circling it right now. It says, hi there. Thanks for visiting trim radio network. How can I help you today? You click on that and say, hey, I want to host my own show. Here's my email address. Contact me and we will. Okay. It's very easy to do. If you want to advertise with us, just click on that button and say, hey, I want to advertise with Trim radio network.
It's very easy to do. Okay, so you want to check that out? Wow, I've got so much stuff going on. And, you know, we have a Facebook page, and that's money and change slash financially prepped. I'll bring it up on the screen here. I think it's there. No, it isn't. Not yet. Well, gee whiz, we'll just have to get it there as soon as I can. What's going on here?
Share my screen. Oh, yeah, right here.
And if you notice, we have 143 members. It's a public group. Anybody can join all you have to do is ask to join. Okay?
And what we do, we post a lot of different things. You notice we posted today.
Join us at 07:00 p.m. live.
And you have to become one of us. You have to join us. Tell your friends about us. Join us.
And then we have Dave Kobler, and he's talking about a lot of things. I post a lot of things up here. And then we have also prepper princess.
She has a bad feeling about 2025, and so do a lot of other people. And I think Warren Buffett has a problem with 2025. But anyhow, check our postings that we have and a lot of different people that are there and different things about budgets and everything else. And you say, well, gee, I don't have a budget. Well, we'll show you how to do a budget.
It's very easy to do. We'll tell you how to do prepping.
It's very easy. All you have to do is get started.
And people say, well, are you a prepper? No, but every time I go to the grocery store, what do I do? I always buy extra canned goods.
I always do, you know, five canned goods this week, five next week. And then you have total ten cans of food that last for probably 15 to 20 years, depending. You just want to make sure that the cans aren't dented or there's no bulges in the cans. You know, things like that. But we have postings on Facebook. We have our own Facebook page. It's easy to join. And I know we have people that say, hey, what's going on? Check the page.
Okay. Now, the shout outs that we have to do, eventually I'll have a page with all the shout outs, but, you know, a big shout out. And thank you to the trim radio network for carrying the show.
And Michael Behas and I have worked before on another channel, and we had fun, and hopefully we got the information out to help you out. Okay. And we want to do that again here. We cut the bowl and serve the truth.
So a big shout out to the trim radio network for carrying the show. Also, we have the University of Findlay.
Okay. The University of Finley. And if I can make sure that I can go back to that page and hit the next button. Oh, I'm getting used to the setup. You have to.
You just have to watch out about sharing the screen and everything because you've got a lot of information.
But we're going to go to the University of Findlay. Okay. I'm going to share that page right now, it's located in Findlay, Ohio, like I've told you on many, many, many seasons and many shows.
And it's a good school. It really is. It's a private, residential, liberal arts university with a strong science, health professions, education, and business programs. It really does. It's a very good school.
And if you have a good enough grade point average, they will give you scholarships, which aids a lot in actually becoming student there. Okay. The colleges that you can pursue your patients in arts, humanities and social sciences, education, pharmacy, business, health professions and sciences.
Now, this fall, what's going to happen is that the students are going to be entering classes, I believe, about the middle of August, and it's going to be a fun time on campus, but it's not a party school. It's one where you actually have to study. The student to faculty ratio, or student teacher ratio, is 16 to one.
And 99% of the students receive aid because of their aid program that they have. It's an 86 acre main campus, and they have three campuses in Finley. They have the hazardous materials campus, or hazmat, which is one of a few in the country. And then they also have the main campus, and they also have the equestrian and pre veterinary classes on their campus. And this fall, they will be merging with Bluffton University.
And Bluffton will still have its classes. The University of Findlay will have theirs. But if you're at the University of Findlay and you see a class at Bluffton that you really want to take, maybe in social work or something else, you can go down there and enroll for classes there. Okay? And it's going to be a good merger. They're going to have.
The University of Findlay, of course, is a division two NCAA school.
And they will have good sports. They always have good basketball. They always have good baseball, football.
Lately, Mary Mulcahy was on the division two champs, and nationally, she was on the LPGA, and that's as a freshman.
Mary Mocahy from the University of Finley. Okay, you take a look at the University of Bluffton, which is 20 miles away, and it's a division three school. So here the two schools combined will be both in NCAA division two and three.
And you can go to their websites and check them out.
Now, the University of Findlay has over 100 different organizations on campus. And I know when I was there, they had a lot of international students.
And some of my best friends were either from Mexico or they were from Kenya.
Matter of fact, one of my friends in college ended up being the assistant undersecretary of Kenya.
It was amazing.
His name was Kiplanga Darap Sharuyat.
But we always called him Sam. It was easier, you know. But excellent, excellent classes. They're excellent professors, really good facilities. And you really have to check them out. Check out the University of Findlay. And you can also take a virtual tour if you go to their website.
And it's a beautiful campus. It really is. And there are only about 4000 students there. And I'll tell you what, it's a good experience. And the city of Findlay is a very nice town. It's an all american city. And I'll tell you what, you would like it there.
Wow. We've got other things we've got to present and I got to get used to sharing screens all the time.
Wow. Rusty ducks custom pens and blanks. You know, I keep telling everybody about rusty ducks custom pens and blanks.
And Phil over at Rusty Ducks custom pens and blanks does an excellent job. And you know, I'll talk to him. You know, if not every week, usually every other week. And sometimes we're sending text messages back and forth.
He has his own group page on Facebook. And these are just a sample of some of the pens that he has available. He also makes the center section, which is the blank.
And he'll work with you on the design. He'll make the blank and however many copies you want to make. And I'll tell you what, he does an excellent job. He really does. It's Rusty custom ducks. Custom ducks? Yeah, right. Rusty ducks custom blanks. I don't think Phil could make custom ducks. Well, he probably could. Everything he has comes out of that shop in just immaculate and perfect condition. And if you like second Amendment pens, check him out. He's got some really nice ones. And they have a really neat action on the clip that goes in your pocket.
I think you'll like them. So check them out. Rusty ducks custom pens and blanks. You can check them out on Facebook.
Wow. Let's see what else I've got on the list here.
I got to get used to doing all these different buttons. Too many buttons.
Oh, our friends on Facebook or on YouTube. I'll tell you what.
The big family homestead on YouTube. You have to check them out with Brad and Krista. Great people. I've known them, I've talked to them. I've met with them. Hey, they're good people. And they're out in Wisconsin and they're out on a farm. But they do a lot of different things. And if you like music, Brad is really into music. If you like cooking. Krista's really into cooking. If you like their thoughts about the economy and everything, check them out. Okay.
The big family homestead with Brad and Krista. Also check out deep south homestead with Danny and Wanda King. Now, Danny will put out a thing tonight and will probably be available for viewing Monday or Tuesday.
And it's porch time. And he talks about the way things are going with either farming, with the economy, with the weather.
The topics are wide open with Danny. And he talks about that on Monday or Tuesday, depending on when the. The video comes out. Very knowledgeable person, you say? Well, I think he's a farmer. No, he was a construction person foremost. He's done other things. I believe he was even in the air force. I don't know what he did, but he's knowledgeable. He's a great guy. So is Wanda. Well, Wanda's not a guy, okay? Wanda's his wife. She's fantastic person. And the two of them are just something else. They are. They are really nice people. Down at Wiggins, Mississippi, also, we have southern prepper one with Dave Kobler. And Dave also talks on the economy and world events and so forth. Check him out. I've known Dave for probably 1515 and a half years. And very good person. Easy to talk to on the phone. Very knowledgeable. And then, of course, there's Patriot nurse with Rachel, and she's.
I've done some posts on our Facebook page, and you have to take a look at that because she's very factual on the information she puts out. She also does training with first aid and medical and herbal stuff and so forth. Check her out. She's a good person. She's down in Tennessee, but she travels all over the United States and does the seminars, which is very good, very easy to listen to. Also there's prepper nurse one with Ed Carswell. He's still building locations in his little.
I don't know what I call it, a village or a compound or whatever in West Virginia. He used to be in upper New York state, and he decided the weather there's really bad. He would go to West Virginia and he found some land, and now he's trying to develop it.
And other people are building on his land, and it's a beautiful site.
And he updates his videos a couple times a week. He's a great person.
Also. Prepper princess with Amber Stork. We showed just briefly the front cover for a video that she had about not feeling really good about 2025. And a lot of people are talking about that right now. And I'll tell you what, it's getting kind of scary out there for what's going on.
But check out Amber Stork. She's a good person. Also lds prepper with David Gilmore, and he talks about all different types of things. He's out in Idaho. And remember I talked a little bit before about GMRS radios.
And when I talked about GMRS radios, we talked.
You think, I don't sell these things, okay? But I use them and they're great for communication. This is an ocean 925 g, and it's got a Nagoya 771 g antenna. And with this one device, I can talk to a repeater 35 miles away. I could probably go 40 miles, and from there I can talk basically down to Cincinnati for the most part. Okay. And all you have to do is $35 to the FCC.
They give you a license, and that license is good for your whole family. Now, if you were a ham operator, your license is only good for you. Okay?
But this is good for your whole family. So everybody could have one of these radios and you could communicate in case there was a bad storm and the power was out or something happened, that tv and radio and so forth didn't work. These would. Okay, good little radios. And they also have an FM radio built into them, so you can tune to that and you can scan other frequencies. But this is an ocean 935 g.
Okay? It's not a bubble wrap thing that you get at Walmart. Trust me, this is a good, good radio. And like I said, all the people in your family could use them in an emergency. They come in very handy. Okay. All right. Now, what else is going on? Oh, the max. Now, I don't have a picture I could post of the max because they talk about a lot of different things that are current.
And I'll tell you what, the guy makes a lot of sense.
He lives down in eastern Mississippi.
Boy, I must be following a lot of people in West Virginia and Mississippi.
Well, and Wisconsin. But you know what I mean. I wouldn't be following people if they weren't good. Okay. If I found something that I thought was a good source, and I decided, okay, the person that I listen to is a good person, I'll listen to them. If not, guess what?
I don't present them. I won't show people different shows that provide bad information.
Okay.
I want to be straightforward with everybody, and I think that those shows need to have to happen, and that's why we put them on money and change on our facebook page.
Okay, well, we've talked about Rusty Duck and the university of Finley and all of our buddies on YouTube.
Wow. How are we doing as far as the national debt?
I always talk about the national debt and there's a reason for it, because government is spending us into oblivion.
And if you take a
[email protected], you can see that we are at 35,130,941,000,000. And it keeps flying and flying, flying. But what does that translate to?
104,900 and $196 per citizen and the debt per taxpayer is $268,258.
Yeah, they keep spending and spending and spending and spending and they're not bringing in enough revenue.
And if I were them, I would stop spending. I would just say, no, we're not going to loan money out to any other entity, no other country.
We're going to get our act in order first.
Okay. The us gross domestic product is 28,577,039,000,000.
So we've exceeded our national gross domestic product.
We're in debt. We're in hock, people. And that's not good.
That's not good. And, you know, it gives a lot of statistics and talks about trade balance of money creation and so forth.
And if you take a look at assets, small business assets, corporate assets, household assets, us total national assets. And the assets per citizen, 623,974.
I don't think I have that, do you?
Then you take a look at the liability for Social Security, 27,087,469,000,000 and moving.
Okay, we've got Medicare liability.
And if you take a look down at the very bottom, and I don't go to this page that often, gold demand and silver demand, you can go there and you can find out all that.
It's amazing. Mortgage loan calculator. They have that. If you have a mortgage loan, you can go ahead and click on that. Or precious metals with gold. And, you know, I always talk about, you know, pay down your debt. That's number one. Put some money aside, buy some long term food, be able to purify and store water. Make sure that you have your medications that you need. Make sure you have a good first aid kit and not just a Walmart special, okay.
Make sure that you have the adequate clothing for the season that you're in now. And what you'll be going into, which would be for us, we'll be going into the fall and then winter. So we have that to put up with.
And make sure you have shelter.
Do you have those blue tarps that they sell at home? Depot or Lowe's or even Wally world.
What happens if you get a leak in your roof and you can't afford new roof? Those plastic tarps come in handy because you can nail them down and that will help keep the rain out until you can get the finances in order to repair your roof.
And you know something? I knew somebody that was a multi millionaire, had a fairly large corporation.
A storm came through and basically messed up his clay tile roof on his mansion.
What did he do? He put a blue tarp on his roof and the blue tarps were there for over a year while he argued with the insurance company about replacing the roof.
Yeah, so they're good for something and they're easy to store. You can fold them up, keep them flat, put them away, and when you need them, bring them out. Make sure you have nails and hammers and all that kind of stuff too, but it comes in handy.
What else do we have to talk about? Oh, we have a lot, not just the debt clock and everything else, but we've got another thing that's coming up and I'm gonna need a different button system worked out here to share because I'm having problems with these buttons. I don't know, I like to automatically go from one to another, but I don't think it works that way.
But let's take a look here.
The usual stimulus tricks won't work this time around. According to an article that was in net zero, not net zero. Oh, good grief.
I'm having a hard time with the brain today. You have to forgive me. Okay? It's healing from when I fell.
It was by Hugh Smith of two worlds. And I'll tell you what he was talking about.
The global economy is slowing and central banks and governments are deploying the us stimulus tricks and it's lowering interest rates to encourage more borrowing and spending and running large fiscal deficits. So government spending fills the gap left by sagging private sector spending, according to the article.
I think that's helicopter money. You know, when the helicopter flies over and it just drops money and they're just throwing money at the situation and the government is printing money and printing more money and more money, they're throwing money out there. What does that do to the value of the money? The more you print, the lower the value of the money that they think, oh, we can print everything.
You know, take a look at what happened the last series of recessions. China actually bailed out the world, the last three recessions, according to the report, and triggered a credit asset bubble.
And that happened in Asia. And then we had the housing bubble here that got ready to burst. Okay. And China's, you know, got their problems financially, and the US is going to have theirs. And you can see the s curve of doing more of what failed.
Eventually it gets better, but then all of a sudden it gets worse and everything goes down. And what works so well in the boost phase now fails. And diminishing returns turn into negative results, or returns as doing more of what failed is now a destructive force.
According to that report. That's the s curve, and that's not good.
If you keep doing the same thing that you've always done, you may not have the successes that you really need to have, and that's what's going on there.
I don't know about you, but are we going into a recession?
Are we really going into a recession?
What do you think?
We've been in recessions before, and I don't know if we're going into one or we have been in one, but everybody keeps talking about, oh, we're going to get into a recession, oh, we're going to get into a depression. And I keep looking at different things and Peter cheer from academy securities was talking about different things. Suddenly recession is on the tip of everybody's tongue.
Wow, did that happen fast?
Well, according to Peter, he was saying suddenly everyone is raising the number of Fed cuts this year and early next year. And without doubt, Friday's job report was weak with few redeeming qualities.
While we argued that the Fed should have cut at the July meeting, there are several reasons why the market may be getting ahead of itself in terms of rate cuts and bond yields.
Yeah.
What about jobs in the Fed? According to the report in Google Trends, the stom rule s a h m rule suddenly attracted a lot of attention. And pal, even that's Jerome Powell even had to answer a question about it during the press conference. And it makes sense that it would attract attention. But let's remember that it is a rule only in the world of economics.
Wow. In the case of Friday's job report, which was not good, it's questionable how much any one data point will change the Fed's view. Are they going to change the rates, lower the interest rates?
Can they afford to do that?
Can you afford to take out a loan for a car?
How about a loan for a house or a loan for a business startup? Can you afford that?
Right now, the interest rates go all over the place. In some cases with credit cards, they can go up to 21%.
If you have credit cards what do you do?
You get the bill and do you wait till the last minute to send in the check and, oh, yeah, you have to pay interest, or do you pay it off as soon as possible to avoid paying interest?
What I do is every time that I get a bill, I look at the bill and I say, okay, do I want them to make money on it or do I want to not pay the interest and pay it early?
And if it's the case of city utility bills, if you pay them early, then they get the money and they can get a little bit of interest on it. So I like to wait around the day before it's, and I take it down to the city utility office and pay it.
That way they don't hold your money and make a lot of interest on it on bills like from Sam's club or anything else.
What do I do? When, as soon as I get the notice, I pay the bill to avoid paying the interest.
I don't want to pay the interest and you don't want to be late. So you have to judge your timing there. And rather than mailing something in, I will go down to Walmart and write a check and pay for it right there and take, and run the card back to zero.
I get a receipt and my card is then zeroed out.
And I have virtually nothing on that cardinal. I haven't paid interest in a long time, and I like doing things that way.
But I'll tell you what, with the way interest rates are right now and the way that the cost of cars are going up and up and up, used cars are almost the same price as a new car.
And then they're pushing these electrical vehicles, the EV's.
I've seen videos where those things catch fire, and they have a heck of a time putting them out. And I was talking to one fireman. He said, you know, we had an EV that caught fire and we doused it with foam and everything. And the guy that ran the wrecker had a tote bed wrecker. And he put the car on the tote bed and the fireman said, well, there you go. It started to spark. And he said, if I were you, I would take it out in a field someplace place or in a stone quarry and just leave the car because it's going to catch fire again. They're very difficult to put out.
And sometimes they suggest us piling dirt on top of the vehicle if it's on fire.
EV vehicles are not a good choice. They sound good, but they take a lot of energy to produce the batteries and in recharging them, look, of all the coal that has to be burned to produce the steam to produce the generators, and turn the generators to produce the energy to power up the cars. And what happens when the batteries go bad? What do you do with them?
How do you dispose of the batteries?
Even if you had little lithium batteries, they always tell you to be careful on how you dispose of those.
And somebody told me one time they had a situation with just double a batteries and they were lithium, and they just threw them in the trash. And the trash collector came along and threw them in the back of the truck, and eventually there were some sparks and a big fire happened in the back of the trash truck.
Not good.
So he said, the best way to do this is to take the batteries, put them side by side with the positive terminals facing the same direction, tape them around the middle so that they don't turn and twist, and then put tape over the top, the terminals to make sure that they don't come in contact with anything else.
And then you can go ahead and throw them away. If not, you can end up with fire in your house.
If you put them in the trash can and throw something else on top of it. You have to be careful with that stuff.
But it's expensive stuff to begin with. Batteries are great, but then how do you dispose of them when they go bad? Okay.
You get so much stuff going on with the economy, and the cost of cars are way up there, and a lot of people are buying used cars because the used cars are cheaper than the new ones, and you can fix them up if you want.
Personally, I don't like a lot of the new cars. I'd love to have one, but I'm sticking with my duik because I like my Buick. It's comfortable. It's got a good stereo system in it. It works well.
It's got good tires on it. So I don't think I'm going to get rid of it.
But you have to look at the economy of everything. How well does it do on gas, oil and everything else? Do you keep it? Maintenance, that's the key.
But we have so many different things on interest.
The interest level is up.
And I see these shows on tv, you know, and they say, well, we're out in the Pacific Northwest and we're going to buy a home in Florida, and we want to go and look at these homes in Florida. And they say, well, what can you pay for a house?
And the guy says, $1.2 million.
I don't know about you. I don't have $1.2 million. I don't want to go in debt for up 1.2 million.
And the next person that they show buying this house in Marathon, Florida.
Beautiful home.
Really beautiful. It was actually three stories. The bottom was the storage area and the carport. And then you had two floors above it. And I'll tell you what, that was just over the. Over the top. It was. It was like $2.3 million. Now, both of them worked, but they weren't common people.
It's bad enough where I live because people will sell their house, and they put a sign in the yard, and in less than a week, the place is sold. Have you ever gotten these cards that say, we'll buy your house, cash contact us?
Oh, I get those. I throw them in the trash. I don't even want to mess with it. I got a phone call the other day, and they mentioned my name, and they said, do you live at such and such? I said, yes. And they said, well, we're from the Cleveland area, and we would like to buy your house.
We really would like to buy your house.
What's your selling price?
And I said, you really want to buy my house? I said, yeah.
And I said, $3 million.
Click. Phone goes dead.
Number one, I don't want to sell it because I'm in a decent neighborhood. I have very good neighbors.
I have really good utility services.
I live in a nice town.
I don't want to sell it.
And right now, if you went to sell, I could probably get an extra 40 or $50,000 for my house. It's a ranch style house, an extra 40 or 50,000 for it.
But what happens if you go to sell it and you get that money and then you go to buy something the same style of maybe ranch style house, and the price is even higher. So let's just say your house sells for $190,000 for a common ranch style house, two bedroom, and you sell for 190,000. And then you go out, you find another comparable place, maybe a little bit better neighborhood or in another town, and you go to buy that place. And now that's 250,000.
So you're talking about 60,000 difference, 50,000 difference, and then you have taxes on that and everything else.
It's not fun.
If I want a lot of money, I would find a place to relocate in a heartbeat.
Someplace a little bit warmer.
I don't know if it would be flor. Excuse me, Florida, or it would be Tennessee, or it might be out west, maybe Utah. I've never been to Utah.
I've been to Texas.
I've never been to Utah.
I don't know what the cost of living would be. And you have to check on that cost of living where you're at to determine what you're going to do. As far as relocating, there's a lot of things to consider, and in today's market is something else.
There was something about Warren Buffett. I can't put it up on the screen for some reason, but I can cover this with you. Buffett calls the top. A Berkshire quietly dumps half its apple shares amid unprecedented selling spree. Now, when Warren Buffett dumps his stock, take note. I mean, this guy likes to make money.
And if he thinks that something's going to go bad with the markets, he'll start dumping stock, and he'll collect the money with the money. He'll go to gold and silver or other investments.
Well, that's what he's doing right now. And he's the guy to watch, because Warren Buffett generally signals what's going to happen with the economy.
And if Buffett is dropping Apple shares and other shares and selling things off, you know, something is up in the markets. He just can sense it, and he knows what he's doing, okay?
He knows how to do things. I got to hand it to Warren Buffett. And all he does is he likes those popsicles. I guess it's dreamsicles. I think he's into dreamsicles, but he's a whiz at making money. Berkshire Hathaway Corporation is something else, okay?
They're into investments with land and real estate. He's got railroads and a lot of other corporations. I mean, the guy's good money.
But according to Tyler Durden, he said when discussing Warren Buffett's ongoing liquidation of his bank of America stake, that Berkshire's rising cash stockpiles merely reflect the firm's inability to find deals in today's overvalued and weakened economy environment.
Little did we know just how accurate that would be.
And he had stock in bank of America, and he's dumping it. Why?
Something tells me that B of A is in trouble.
Now, Warren Buffett is a 93 year old Omaha billionaire, and he's been quietly dumping most of his iconic stock holdings, according to the report, in an unprecedented selling spree that sent Berkshire's cash pile soaring by a record $88 billion to an all time high of $277 billion. So what does he know that we don't know?
I don't think he's going to tell us why he's doing that, but I think the indicator is that while he is doing that, there are problems that he sees. He's not divulging and he's just selling things off and holding onto the cash and probably converting the cash into other businesses or gold and silver. Okay. He is not a dummy and, you know, over 90 years old and he's been doing this. I mean, he really knows his stuff. Okay. Keep an eyeball on Warren, Buffert, Buffett and Berkshire Hathaway. You really do. Okay.
Oh, what else is going on in the world?
I'll tell you what. Let's see if I've got that thing on the IR's.
I don't know if we have the IR's thing available. Let's see if we do. Oh, yeah, we do. The IR's makes it easier for cash. Straight Americans. Oh, yeah, dig this one.
The IR's makes it really easy for cash strapped Americans.
It really does.
And what is scary, and I'll bring it up the big screen here, the rising number of Americans whose checking accounts are running on fumes have a new but less than ideal way of scraping up cash to make the ends meet, as the IR's has issued rules to enable potentially penalty free withdrawals from retirement accounts for flexible, defined emergencies.
And the new rules bring to life one of the provisions of the Secure Act 2.0, a law passed at the end of 2022 that made many tweaks to the retirement plans. And with this one, retirement accounts owners can withdraw up to $1,000 for emergencies. And the IR's isn't tightening. Defining that word, okay, it's not going to be that way.
You'll still owe ordinary income tax while facing a potential opportunity cost in the form of gains.
They're going to get you one way or another. Okay.
The best thing to do is pay down your debt, put some money aside, buy long term food, be able to preserve and store water, make sure you have your meds, the right clothing.
It's preparing for a bad situation. Are we going to be in a recession?
I would say we're about 70% to 80% there, if not already in a recession.
The job market isn't there, the jobs are getting less, and we've got companies laying people off.
It's not a good site.
It is not a good site.
Well, hey, the seven worst credit card mistakes, we need to get into that. I want to get to that here in a minute. I just have to get to the screen.
All right. Let's see if we can do that.
Too many buttons. Too many buttons.
I don't know if I can bring that one up. Oh, yes, I can.
It's right up at the top of the list here, the seven worst credit card mistakes to avoid. And Kat Treatina wrote this article August 1, and she said, credit cards certainly have the benefits. They're convenient, safer than cash, and users can earn valuable rewards. And with all those perks, it's no wonder that credit cards have become so popular. And on average, people have four credit cards in their names, according to the 2023 Experian data.
I don't have four cards. I won't have four cards. I knew somebody when I was in college. They had seven cards. They were all maxed out.
Not a good thing.
Number one, you only pay the minimum. And when you receive your credit card bill, it will list a minimum that you pay. Well, guess what? You're going to end up paying interest on that.
So average credit card users have a balance of $6,500 on their card. And credit cards usually have an annual percentage rate of about 23%. Your minimum payment is usually about 3% of your balance, or about $195. And if you went to pay it out, it would take you 54 months to pay it off, and you'll pay over $3,900 in interest charges.
So instead of doing that, pay it off as quickly as possible.
A lot of people don't make note of introductory offer details, and they don't look at the fine print.
Do that. Look at the fine print and find out what is expected of you and them.
You take out cash advances.
Okay, you're going to pay percentage on that. You might pay 3% or 5%. Well, I needed the money. Okay? Now pay it off. And by the way, you're going to be paying three to 5% on that cash advance.
You close an unused card?
Yeah, you can. If you don't use the card, why have it?
That's the way I look at it. Other people look at it differently. You know, it's not just the way I look at it, it's the way that you can look at it, too. You apply for cards solely for the welcome offers or rewards.
Yeah, but then you're bound to some of the things that have the cards. And let's put it this way, you get all these rewards in the cards, but what does that do to your credit record?
What happens if you miss a payment? It may not seem like a big deal. You're on vacation and you miss your credit card due date. So you pay what you owe a few days late. Well, then you're going to get interest on that. You're going to get adapt on your credit.
Credit card companies can charge a hefty late fee as high as $40 per occurrence. Well, that's $40 you could use maybe for groceries instead. Okay.
Always review your statements to make sure that you have paid everything off and anything that's fraudulent or unauthorized. Call the credit card company, the fraud division, ASAP.
You have to do that.
A lot of things to consider there.
I guess we're going to get a Social Security cola cost of living adjustment.
And it's important to retirees like myself because that just means I'll have a little bit extra money that I can use to pay bills.
And prepper princess says, you know, live frugally, live beneath your means.
You don't need Netflix all the time. You don't need a lot of fancy things. Live simply and things will pay off and you'll have extra money. But sometimes you get this cost of living advance and then somehow Social Security takes away in taxes.
It's not a fun thing. Okay.
So many things going on. And if I were you, I would be, ah, there I am.
We just run into so much stuff.
Live simply, don't go out to eat every night. Stay home, save some money.
Don't get into a lot of Netflix. Watch how your driving habits are so you don't drive and use up a lot of gas because price of gas is going to go up. And that Hurricane Debbie is down in Florida and I guess it's going to leave. Somebody said a tide surge six to 8ft up in the panhandle and down around Tampa is two to 4ft.
I have friends around the Tampa area and I'm kind of worried about that, but they have a way of weathering the storm. Well, anyhow, guys, it's been a crazy week. It's going to get crazier. There's nothing else that we can really do other than live frugally, pay down your debt, put some money aside, buy some long term food. And canned goods are good, you know, as long as the cans aren't dented or they don't have a bubble on top or they're not giving out a foul odor or anything like that. And they're nothing. They're good for quite a while. You just have to inspect every can that you have, make sure you stock up on water, make sure you have spare gasoline, make sure you can cook if the power goes out. Okay. How are you going to eat? That's another thing. So many things to consider here. And so, you know, with that, that's all I've got for this week. With money and change. You go out there, have a good week, save your money. Watch the weather with the tropical storm Debbie, which is, I guess, a hurricane now. And so be careful with that. And with that, we'll talk to you again next Sunday.
[01:00:23] Speaker A: Okay, coconut man, moon heads and pee.
[01:00:32] Speaker B: Have a good week.
[01:00:33] Speaker A: Everybody's got a price?
I wonder how they sleep at night? When the sale comes first and the truth comes second? Just stop for a minute and smile? Why is everybody so serious? Acting so damn mysterious? Got shades on your eyes and your heels so high that you can't even have a good time? Everybody look to their left.
