Money and Change

[00:00:42] Speaker A: Okay, coconut man. Moon heads and pee. 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 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 everybody look to their right 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. [00:01:30] Speaker B: Hey, everybody, welcome to money and change right here on the Trim radio network, better known as trimradio.com. and I'll tell you what, we've got a lot of things to cover tonight, and hopefully we can get a lot of things done. It's been a crazy week. It's going to get crazier the closer we get to election time. And, you know, I don't really get into politics. What I like to do is to let people know how they can save money, how they can prepare for all kinds of eventual things that might happen. It may or may not. But welcome to Trim radio network and money and change. And we're here live every Sunday at 07:00 p.m. but I only have one more concert to play and then I'm done with concerts for a while until Christmas time. So the rest of the shows will be live. And I believe towards the end of September, we will have a show that's going to be pre recorded, better known as an encore edition. And so that's when I have my concert. And that is at 07:00 and there's no way I can do two things at once. And I don't pre record. I like to be live. Anyhow, guys, welcome to money and change on the Trim radio network. And a lot of things to go over. But before we do anything, we have our disclaimer. And the information contained in this presented material is from posting of news agencies on the Internet and are not necessarily the views or opinions of the owners of this program. And 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. Now that we have that one done, we always have to do that. We always have to do that on the show because we have a lot of different information and they may present the station's viewpoint, my viewpoint, or somebody else's viewpoint. And, you know, just have to take everything with a grain of salt. Wow. Oh, what else is going on here? You know, we talk about the trim radio network and we talk about the different shows. And you can see our shows right here on the radio network. We have adventures awaits around the bend. And that's a podcast. We have ranch it up with Tigger and Beck. We have life walk with Christ, God with Michael Bayhas. We have money and change, of course. Every Sunday at 07:00 p.m. we have take point 22 radio show with Michael Bayhoss. We also have slobberknocker talk. Because guess what? It's football season that's coming up. Oh, yeah. A lot of college games are going to be going on as well as pro games. We have all sides college football top 25. We have Victoria Smith with the Natural Marketer podcast. You have to listen to Victoria. She's really got some good ideas, real good ideas. My world live, laugh and whatever. Hey, guess what? That's every Wednesday. And that is Athenae 08:00 p.m. 08:00 every Wednesday. And we do all kinds of things. We can talk about just about anything. And we've been working on different types of comedians and having fun. So that's 07:00. I'm sorry, 08:00 every Wednesday. So bring your popcorn and your soft drink or whatever your beverages. The Positude podcast is also part of our network now, so you want to check them out. And we have Roscala's red pill reality show. You can either take the red pill or the blue pill, says Roscala. But I want the green pill. He hasn't found it yet. He has not found it yet. Well, hey, how do you support us? Well, it's quite easy. As I go through this list, you can see at the top of our trim radio network page, we cut the bull and serve the truth, trimradio.com. well, to support the station, you can donate, you can shop our merchandise. And if you check the merchandise, boy, I'll tell you what, we've got some nice merchandise. We've got hoodies, t shirts, sweatshirts, ornaments, morphing mugs. You put something hot in there and it changes. Then we have the money and change mug. We have the on air trim radio network mug and a whole host of other things. You can see our hoodies and so forth. And the best thing that I think that I like on page two, believe it or not, is the water bottle. Yeah, the water bottle. You have to check that one out. It's a vacuum insulated bottle. It's great. Keeps hot things hot. Cold things hot. Cold things hot. No, cold things cold. Oh, you think I do it right after, what, 13 years on the air? That's a lot. Well, anyhow, the trim radio network vacuum insulated bottle. Check it out. It's a good thing. If you want to donate to the show, hey, that's fine. You can do that. If you want to go ahead and do your own show and have advertisement, you can do that. All you have to do is contact us. And up in the right hand corner, you'll see. Hi there. Thanks for visiting trim radio network. How can I help you today? Click on that and say, I want to do my own show. Here's my email address, here's my phone number. Contact me. And as soon as you click on that and send it in, you will be contacted. Okay. So it's a good thing to do. And so we've got a lot of stuff going on in the trim radio network. And you can do your own show. You can advertise or you can support the show by donating. What I normally do is I always donate for the BMI music license and that helps defer some of the cost of the station. And anything that anybody buys goes into the airtime. We do not get paid for doing the shows, so to keep us on the air, buy the merch, as Michael Bayha says. Okay, but check us out on our shows. And we have archives and you can listen to past editions. You can also tune in at the regularly scheduled times for the different shows. And that's what we've got, guys. Wow. We've got a bunch of people that I like to pat on the back. And the big thing with that is if I don't pat them on the back, you know, I kind of feel like, well, I let them down and I don't like to let people down, if you know what I mean. So we have a lot of shoutouts to do. Oh, there's still the page with the mugs. Well, we'll just go back to there. Okay. We've got a lot of things to do with shoutouts. And they're posted on our page. Okay. If you take a look at our money and change page, they are posted. And just to go over them, a big shout out to the trim radio network for hosting the show. A big shout out to the University of Findlay at www.findly.edu. it's a good school. It really is. And I'll tell you what, the University of Bluffton is merging this fall with the University of Findlay. And right now the students are moving in, I guess on both campuses. I do know that University of Finley had their welcoming ceremony at the arch for all the new students coming into class there. And you're going to have a lot of activities going on and pretty soon will be football time, if you like college football or soccer. It's a great NCAA Division two school at the University of Findlay. The University of Bluffton is an NCAA Division three school, and they'll play separate schedules even though they are merging. But check them out. Located in Findlay, Ohio, it's an all american city. The University of Findlay has three campuses in Findlay, Ohio. They have the hazardous materials campus. They have the main campus, and they also have the equestrian campus for pre veterinary studies. And you can get a bachelor's, master's, or doctoral degree from the University of Finley. It's a good school, great facilities, great professors. And Doctor Kathy fell, what an administrator. She is a great president, and she's done wonders with that campus. And she's a fantastic person. She really is. Well, we've got that one. And we've got rusty ducks, custom pens and blanks. Contact Phil over at Rusty Ducks, custom pens and blanks. If you have a business, a school, college, university fraternity, sorority club, and you want to have custom pens made. And he really does some excellent pens. And from time to time, I post those on our money and change website. Oh, speaking of that. Oh, Mandy, I'm a little bit out of sequence here. What's going on today? Well, now that I'm talking about it, the money and change website, we have a lot of stuff going on there. I'm really getting messed up today. It was a crazy day today. I'll tell you what. Meetings, meetings, meetings and more meetings. Well, anyhow, on the money and change financially webpage, it's actually Facebook. Check us out because I will post things there. That covers a lot of different things. And we're talking about shares explosion, fast food companies, okay? We've got subway with some problems, and other fast food agencies have problems. Agencies, businesses have problems, whether or not it's McDonald's, Wendy's, or whatever. You take a look and see what the financial strains that all businesses are having and the food cost is up and their prices have to adjust to the market. And it's tough. Food service business is a very difficult business. You count the pennies there. Okay. And they try to provide a very good service. So check out the article that's posted on our Facebook page. Money and change slash financially prepped. Also, um, do this now warning issued by the max. You have to check them out. The videos are very good. And, um, I recently found him about a month ago, and he does some very, very good videos. A lot of good factual information, and I don't think he really takes sides. Also, I've always told you about Dave Kobler boots on the ground. I posted videos there, emergency comms radios for the family. Now, I'll tell you what, with the comms, one thing that I always tell people about is the GMRS radios, okay? And I have one. A lot of my friends have them. And for $35, you too can get a license, and you can talk to all your relatives on your license, okay? So if I want to talk to my family, bingo. I can use all of them on that license, just for the family, okay? And if your friends get them, they can use them for their families, too. These are about $35 for ten years on that license. And then you buy the different types of GMRS radios. What I have right here is an ocean. It's a wou xun 935 g with a nagoya antenna. It's a 771 g antenna. With this radio, I can talk to a repeater in Dayton, Ohio, about 35 miles away. Sometimes based on the weather, I can do a little bit better, but it's great. And then I can talk, gee, almost 90 miles from there, using that repeater, because it's on a thousand foot tower. Okay. The higher you go with GMRS radios, the farther it goes. Check them out. It's a good thing. And you can find out a lot more from LDS prepper, and we'll be talking about him in just a little bit of. Okay, the radio bit is over. Okay, we go on. We've got Patara. Hey, she's great. Listen to everything that she talks about on the economy. We've got that video posted, okay. Some things to prepare for for economic crisis. It's there. Check it out. Definitely check it out. We have a lot of stuff on that page. Oh, so much preparation for the show, to get ready to do things. And I'll tell you what, sometimes I think I go a little bit crazy sometimes, because I've got all this stuff going on, and I'm quite involved with a lot of different things. And today was a special day, by the way, my dad passed away four years ago, and it's kind of a shocker. So you know, a big shout out to him. He was a banker, a very good banker, very honest banker. Not to say that all bankers are not honest. They are. They have rules that they have to follow. But dad was a special banker. He really was. Really smart individual. Well, a big shout out, of course, for money and change. Every Sunday at 07:00 p.m. and then we have my world every Wednesday at 08:00 p.m. now we've got our YouTube friends and Appalachia Somstead with Patara. You know, we talked about her and she has some great videos. Very common sense lady. I mean, she is something else. She's from the Knoxville area in Tennessee. Really nice lady, very smart, very observant. We also have countryside acres with Aaron Feenstra and his family. They're building a home and they're building it in Russia. Believe it or not, he left Canada to go to Russia. And you got to see how homes are built there. And also how he's showing him that. Or showing them how he's building a stick built house, which is interesting. It really is. They have different materials over there and their building standards are a little bit different. So check out countryside acres with Aaron Feenster and family. We have the big family homestead with Brad and Krista. They're out in Wisconsin. Great people. I've known them for quite a while. Deep south homestead with Danny and Wanda King down in Wiggins, Mississippi. And they have pecan Grove now, and they're developing that land. And they'll keep you informed as to how they're developing that land. It's going to be another farm. And I'll tell you what, they're good at growing crops. But I'll tell you what, he knows a lot about business, he knows a lot about construction. And the guy is a treasure trove of information. Okay, we've also got the lds prepper with David Gilmore. You want the GMRS radios. You know when I talked about the GMRS radios, okay, he's got videos on a lot of different things. I think he has over 600 videos. Some of them are on communications, some people call them coms, c o M s. But David's also ham operator as well as gmRs. And he shows about how to set up a network and what type of antennas and different things to do. He's very interesting, and I've talked to him before. Very, very intelligent, very nice guy. He lives in Idaho. Originally he was in Houston, Texas, now he lives in Idaho. Very, very good guy and a good knowledge source. Okay. Patriot nurse with Rachel. She's down in Tennessee. And I'll tell you what, she knows a lot about nursing. She teaches medical courses and she talks a lot about what's going on. Okay? She gets into more politics than I do. Prepping her swan with Ed Carswell. He's building up his little retirement area, I guess you might want to call it, down in West Virginia, up in the hills. And it's kind of interesting how they are building tiny homes on a plot of land that he purchased. It's beautiful area, really is. But check him out. Ed Carswell at prepper nurse one. Oh, we've got prepper princess with Amber stork. And Amber is something else. She's a self made millionaire. Technical term is millionaires. Okay. But she's really a good person. She knows a lot about how to make money, how to save money, how to live beneath your means, how to set up budgets. Okay, very smart lady. She's out in California. Also, we have southern prepper one with Dave Kobler. And I showed you one of his videos. And Dave is talking a lot about boots on the ground and how the economy's going and how to prepare. You know, some of the people I talk to, you'd say, oh, they're preppers. Well, no, they know how to save money. They know how to make money. They know how to live on a dime. That's another one of the people I'll bring in on the show one time. But check them out, please. They're all good people and I wouldn't recommend them if I didn't believe in them. Okay, so. And, oh, the max. That's the last thing. The max is a new set of videos I put on our website at money and change on Facebook. And he's very interesting to listen to. So you want to check him out. Alrighty. Well, what do we have to present tonight? We have some stuff. I'll tell you what. Oh, you know, I put an order in here for everything that I want and then it rearranges everything. I just do not like this program sometimes. But we're going to talk about back to school. You know, it's school time and you kind of save money for the kids. You know, the kids around here are just starting to go back to school. And, you know, it's a big expense. Here in Ohio, we have one week and I believe it just ended tax free, up to $500 in purchases. So if you need to buy a new laptop, okay, that's tax free. If you need to get school closed, that's tax free. If you need to get school supplies tax free, up to $500. And that's pretty good savings. A lot of states don't do that. But in Yahoo. Finance, they had the five smart ways to save money on back to school supplies. And you know, it gets expensive. Okay, it really does. And the article was done by Evanna Pino and she writes for Yahoo. Finance and she said back to school expenses vary from family to family and will likely fluctuate as a student progresses through their educational career. But one thing is for certain, the cost of school supplies, clothes, electronics and other necessities can add up. Total back to school spending in the US this year is expected to reach $38.8 billion, the second highest figure on record. Well, that's according to the most recent data from the National Retail Federation. You know, kids have to have all that new stuff going back to school. Families with children in elementary through high school plan to spend an average of $874.68 this back to school season with k twelve shoppers budgeting $309.35 for electronics, $253.29 for clothing and accessories, $141.62 for supplies and $170.43 for shoes. And college students and their families are expected to spend an average of $1,364.75 on items for the upcoming school year. Now locally, as far as electronics goes, the students get their own laptop. It's a Chromebook and everybody gets them and it's, you know, they sign them out, they pay up a fee for damage insurance and so forth. And a lot of their classwork is done on those laptops. Now to reduce the cost of back to school supplies because you know it's going to get expensive. You want to buy in bulk. So that means you may have to go to Sam's club, you may have to go to Walmart, you may have to go to Costco, different places, even staples. And you want to buy in bulk. So you want to shop for non perishable items in bulk, okay, it's a higher upfront cost, but you save through the school year because you're buying a big bundle like you. You want to buy notebooks and they have to have spiral notebooks. And the schools all have a back to school list and they post them at the different stores. Walmart or you go to Staples especially, there's a list of school supplies and they tell you exactly what your school district wants in the different grades. And you're going to buy pens and pencils and paper and markers and disinfecting wipes, sticky notes and a lot of large qualities of low cost stuff. Okay? Sometimes you can get that at the dollar tree. In some cases you can't. You have to go to Staples or you have to go to Walmart or maybe Kroger's or other places. Okay. But you want to buy in bulk. It costs a lot upfront, but you'll be covered for the whole year. Now you can also shop secondhand or refurbished. You can buy secondhand or refurbished. Back to school supplies can be a great way to save money on items your student will likely use for multiple years, like electronics. Okay. Now I'll tell you what. In some cases there are some fraternal groups that provide school supplies to kids that don't have the money for pens, pencils, paper, whatever. And I know our local masonic lodge does that and they donate those every year and they have a collection box and that's what they do. When we go to lodge, we end up putting the collectibles, as I'll call it, in the, in the box. Pens, paper, pencils, glue, whatever it goes there. And then we go ahead and then distribute out to a school. Okay. Mark your calendars and shop during a tax holiday, which is in Ohio was just over, but there's a list of them different states. Ohio was July 30 to August 8 and Texas is August 9 to the 11th. Why don't they just give them a $2,000 limit anymore? Okay. Stretch that dollar a little bit. You don't need to have taxes on school supplies the way I look at it. Okay. Ask for student discounts. What student discounts do you get? Do you budget for the year? Did you budget for this year? How about are you going to budget for next year's school supplies? Find out what the cost is. Okay. And you can find this out and you can see, I'm just scrolling back through five smart ways to save money on back to school supplies. Okay. It's yahoo finance. And you can check it or you can go ahead and check she whiz. You can watch the reruns of this show. It's a good thing to do. Anyhow, guys, we've got that one. We've got other things going to a lot of different stuff that's out there. The biggest thing is back to school. It's a big expense, it's not cheap. And you want to get good things that are going to last a whole year. Definitely. And check with your school system to see what they want. You have to do that because the things that students are going to need and they may want certain types of pens, pencils, paper, notebook paper, different types of notebooks, all kinds of things. A calculator. Oh, my God. You know, back in when I went to school, calculators weren't even invented. I think we had, well, we had calculators in our business classes, but basically it was paper and pencil. Okay? And then later when I finally got into college, it was like calculators were just coming out. Computers had just been invented for colleges and universities. I could tell you stories about that, but I won't. Well, let's see what we've got next on the agenda here. Oh, living standards, man. I'll tell you what living standards anymore. Our national debt clock. Let's take a look at that because, you know, things are getting more and more expensive. And when you take a look at the national debt clock, and here it is, usdebclock.org and it's a real time calendar of expenses, debits and income, if you want to get technical, I guess the us national debt is 35,169,534,000,000 and climbing. That's $104,285 per citizen. Per taxpayer. It's $268,259. Do I have that type of money? New? I'm retired. I didn't, I don't make that much. Not in, not in retirement. I didn't make that much when I was working. To stop that, you just tell the feds to stop spending money. The tax revenue we're getting in right now was 4 trillion, almost $5 trillion. You can see the numbers flashing on the screen here. It's just crazy. And all the excise tax and tax on tax and tax on tax on taxes. It's not a good thing. And you can just see the numbers fly. I mean, it's just unreal. The best thing to do is wait till November, I guess, or tell your congressperson or even state senator or state representative, you pick the politician, you pick on them and tell them to stop spending. Make them live on a budget like you. Do I have to live on a budget? If you're not living on a budget, you're in trouble. Okay. Wow. We've got other things to talk about too, besides that. I'll tell you what. You ever have a $1000 savings challenge? Ever have one? You take a look at the savings challenge and here's from Yahoo. Finance. Now, what's the $1000 savings challenge and how does it work? It's a simple challenge to help kids start your savings goals. If you have a budget and you follow it, that's fine. You can revise that budget. If you don't have a budget to live on, what you're going to have to do is develop one. And what you need to do is say, okay, I make so much a week from working at whatever company and after taxes and everything are taken out of it, my net is, let's say, $1,000 out of that net. Then you're going to go ahead and take out your transportation costs, gasoline, maintenance on the vehicle. You're going to take out your rent or your mortgage, work it all down, and then you're going to have food, you're going to have to allow for food in your budget, and you work it down and you see what you can live on frugally. Now, I'm not saying being super cheap, but watch how you spend your money. And then at the very end you should have 20% of what you made and you put that into savings and you can divide that savings up into different accounts, whether you put the money in different envelopes or whether or not you put them in different sections of bank account, however you want to do it. But take that 20% and that's your savings. You need a rainy day fund. You have to have that. Your car breaks down, how you're going to pay for repairs. Oh, I'm going to use my credit card. No, if you can pay in cash, you pay it out in cash. If you have to pay with a credit card, pay it off as soon as you get the bill. Don't pay the interest. That's the key to everything. Do not pay interest. Pay everything when it's due. If you have to pay interest, then maybe split the bill in half and pay half this month and half next and no more. Okay, so you have to have the rainy day fund. You will probably need, who knows, extra clothing fund, school fund, you name it. And that's where you put that 20%. Do you need a vacation? Okay, it comes out of that 20%. Well, what happens to the other 80%? Okay, you've got 50%. You've got 30% in that last 20. So you figure out how you're going to allocate in the 50 30 20 method. Okay, we've talked about it before on prior shows, and so you want to be able to do that. Okay, now, Emily Batdorf wrote this one. And the $1000 savings challenge is a challenge to yourself. Now, if you want to save more than that, that's fine. You can do that. Money's tight and times are hard, I know, but what you want to do is structure the $1,000 savings challenge in different ways. You can set a deadline. You can designate a place for your savings, okay, some people, physical cash in an envelope or a jar and a safe. Make sure it's safe. And some say a savings account, or they put it into cds, certificate of deposit, and it earns interest. Okay? Which provides you with a little bit of money. Okay? Break down your goals by week or by month. By week or by month. Bite size bits, and you can make it doable. Okay. Now the pros and cons. The pros are provide focus. It's a single goal that can give you focus and clarity. Okay. It allows for flexibility. You can customize the challenge to fit your financial situation. If you can save $1,000 in 30 days, that's amazing. If you can. If you need 30 weeks, that's okay, too. The thing is, concentrate on how you can save that thousand dollars. Then you want to create a sizable savings boost. Okay. You can do a lot with $1,000 and saving. This amount of money is a powerful feeling. And it can give you the freedom to pay off some debt, make big purchases, start investing, or jump start an emergency fund. That's what she's saying. An emergency fund. Now, what are the cons? There's always bad things about different things. Well, the cons here, according to Emily Baddorf, is motivation may waiver after you complete your goal. Okay, I've made my thousand. Okay. Now what do I want to do? Oh, let's go out and spend it. No, no, no. You want to keep adding to it, and it may not provide the appetite or the appropriate amount of challenge. You can customize that thousand dollar savings challenge to meet your financial situation. And I'll tell you what, prepper Princess Amber stork. Check out her videos. Really check out her videos. Or there's one. Tara has one living on a dime, and she shows you how to get the best out of your money. Well, to complete that thousand dollar savings challenge, you cut your expenses, live beneath your means. You don't need Netflix. You don't need a lot of things. And you want to cut back on everything as much as you can and still be able to eat, travel to work and home, have a good meal, take care of your family. But cut expenses and cutting monthly expenses can help you speed up your progress by diverting money you typically spend into your savings account instead. Now, there's one gal that has a video on YouTube, and she's mennonite, and she goes through how they're saving and they actually bought a house trailer, what I call house trailer. It's a mobile home and I believe it was a double wide or they modified a mobile home. And they live very simply, but yet all the bills are paid and they basically run a very tight budget. And it's a good show. It really is. It's kind of interesting. I'll try to put a link to that show up on her I Facebook page. Boost your income. You can only cut so much from your spending, but you can always earn more. All you have to do is you could negotiate a raise. Yeah, as if that's going to happen. Right? You can sell used clothes, you can have a garage sale. You can launch a side hustle. A side hustle. You know, you might want to mow lawns, have a lawn care business. You might want to babysit somebody's kids. You might want to work a second job. Whatever you can do to boost your income, because that's important. I know people that are working three jobs and I'm thinking, how in the heck can you do that? You've got 24 hours in a day and you know you're going to have to spend 8 hours of sleep, so that gives you 16 hours. But then what's that going to do to your family? Okay, you have to balance things out. And sometimes the father will really work and work and work and work and then eventually he drops dead at an early age. That's not good. You have to pace yourself. But you have ways of boosting your income. Use a roundup app and these are countless money savings on the market. And some include features that allow you to round up transactions to the nearest dollar and stay extra change in your savings account. So what I do is I'll go ahead and write a check for the exact amount, but then I make a notation that I'm also going to subtract out of my total the rounded up amount. So it's all even numbers. And you can do that. You got to be careful with it though, okay? You have to watch out how you're doing it. Celebrate milestones along the way. You know, if your motivation is big, it's a big challenge and you get a lot of wins along the way, that's great. And if you're a natural spender, that's great. If you overspend, you have to turn around the next week and cut back on your spending. Okay? Track your progress. Say, hey, how am I doing? How much money do I have? Oh, once I get to a thousand, how can I get it to 2000? How long is that going to take me? How can I get it to 3000? Where do I have that money put? Okay, does my educational fund now have a $1,000 in it? How about my emergency fund for repairs? That's $1,000. Okay, I've got that in there now. I've got. I'm working towards another thousand. And during that time, it's gathering interest in savings. Okay. You just have to find a good bank to do that in. Some people say savings and loans will give you a good saving interest. Some people say it's a credit union, and usually credit unions do very well. So you can check into those, I believe locally in this area, we have several credit unions. I think the biggest one is the right PAC credit union for this area in the Dayton, Ohio area. And you can check into that because they do, they give better interest than banks. Okay. So you want to check into that. But anyhow, you want to go ahead and build an emergency fund. You want to pay off debt, you want to open a high yield account CD. Right now with one of the banks that I know, the cds are 4.86% based on 15 months. That's the best that they can do. A lot of banks, they don't even come up with that. In some cases, the longer you give them the money, you might even hit 5%, maybe 6%. But how long do you want to keep that money in that, locked up in that account? So if a CD is locked up for 15 months and you need emergency money, you want to cash in that CD, what are you going to do? You're going to take a penalty is what it is. Early withdrawal is a penalty. So you want to consider that, okay? You want to invest your money the best way you can. Talk to an investment advisor. You know, some people use t row price, some people use. Well, you do your own research, okay? I'm not going to be pro or con against any investment, financial investment firm. They all have the good points, they all have the bad points. You just have to make sure that your financial advisor is definitely on the up and up. Okay. And that's what I'll get into there. Oh, what else do we have here? Oh, my God. We're just rushing through stuff. Not really. I mean, I've got a whole bunch of stuff I can, I can cover. And it gets. There's so much stuff out there. You know, buying a house just got trickier. I was out today and things were really getting tricky. And they're saying, oh, everything's changed. And as of yesterday, you have problems with your real estate person. And Jana Herron came out with her column. And prospective homebuyers will now have to grapple with some changes starting this weekend, which was actually yesterday. That could make one of life's most stressful experiences even more, they say, complicated. I'll say even more stressful. Buyers now will have to shoulder the cost of hiring a real estate agent due to a settlement of the National association of Realtors they agreed to earlier this year. And no longer can buyers depend on sellers footing compensation. That goes to the buyer's agent. They must shell it out of their own or on their own. They also must sign detailed contracts with the real estate agent before. Before they can even begin their house hunt with them. And that's a new hurdle for most of the buyers. And the goal of the changes is to provide more transparency around real estate agent compensation to empower the home buyers. But with any new changes comes an adjustment period, and challenges are cropping up in the areas. You know, sometimes they say, well, they get five or 6%. Sometimes it's more on the sale of the house or the purchase of the house. And it's a tricky situation, no? Your real estate agent check around and see who really does a good job and who is very on the up and up, if you know what I mean. Okay. You really need to look at that. Wow. It's a good thing. I don't. I don't need to buy a home. I've got my ranch style house. I'm in a fairly nice neighborhood. And I'll tell you what, I don't think I'm moving because the price of houses have gone up and up and up and up. And I don't know about you, but I don't think I want to really look to find another house, especially when I don't make $250,000 a year like these guys do. This came out in zero hedge, and it's a couple that earns $250,000 a year. Says they can't find a house in their budget, well entitled millennials, or out of control inflation in the housing market. Man, you be the judge. And Sam and Laura Graves both earn six figure incomes, but say the housing market has left them with no choice but to raise their two kids in an apartment. The couple is on their mid thirties and they live in Portland, Oregon. While the cost of living in Portland, Oregon, is a lot higher than Dayton, Ohio. Trust me, that's west coast. And, you know, with the combined income of $250,000, they aim to keep their mortgage payment between 3000 and $3,500, about 30% of their $11,000 a month income. Point. If I was making $11,000 a month, wow, I would be a happy camper. I don't know about you, but I would. They think it's bad in Portland, Oregon. Try California. I had a friend of mine that she was in California, went through a divorce, sold their home and came back and paid cash, which I know that house is over 500,000 here. Beautiful home. I mean, beautiful home in a very posh section of town. And she paid cash. I mean, this is a home. It's a beautiful home. It is. And she was an accountant. And by selling the house in California, she had a lot of cash coming back with her to relocate in Ohio. Okay. Super nice gal, super nice husband. Just great people. Really great people. But you can take a look at people trying to make it. You know, you make 250,000 a year. Whoa, I'd love to. I'd love to do that in retirement, but I don't. And so, you know, I've got to watch what's going on. But people have problems making ends meet. It doesn't make any difference who you are. I mean, if you're making mega, mega millions, that's one thing, but you're not. At least I know I'm not. I probably. Well, I never will unless I hit the lottery. Fat chance of hitting the lottery. I mean, big fat chance. I knew one guy one time that hit the lottery. He was a bunch of city employees and they all chipped in. I think his take was $2 million. Of course, he was smart and he went to Ohio State University and took some classes on investing. And he's made good money since then. Other people, well, they didn't really do much with their money. And as a result, guess what? Some of them went broke. Some of them still have some of their money. Some of it used to go back to college and so forth. That happens. Well, let's see what else we've got here in the last few minutes here of the show, gold top picks. I was listening to the max and he was talking about, you know, if you have spare money, buy gold. I don't know why he was pushing it. Gold's expensive stuff. If you can't afford gold, get silver. I mean, silver's what, $29 an ounce? Yeah, $29.24 an ounce, according to Apmex. I just put this up here. You can buy from whoever you want to if you have the money. My big thing is pay down your debt first put some money aside. You know, we're talking budget here. Buy some long term food, whether it's freeze dried or canned or mres or whatever. Be able to purify and store water, which is a minimum of one gallon per person per day. Basically, realistically, it's five gallons per person per day. Okay. Make sure that you have your medications. Make sure that you have clothing for the season or the season that you're going into. And here in Ohio, it's going to be fall and then into winter. So we have to have that done. Do you have blue tarps? What happens if you get a hole in the roof? You get leaks, put up blue tarps. I had a friend of mine that's multi millionaire, and a storm came through and messed up his clay tile roofs on his mansion. I mean, it's a beautiful mansion. And he had blue tarps on his house for a year, trying to fight with the insurance company because they didn't want to pay for certain things. Finally got it fixed. Different roof altogether. Now, beautiful home. Sits on a lake. Beautiful lake. Well, anyhow, once you get all that done and you pay down your debt and put money aside and so forth, you go ahead and say, okay, I want to put some money into certain things to hedge against calamity. And one of the things that you do to hedge against calamity is you put it into precious metals. Why? Because you have value. Okay. A car will lose its value. A used car will lose its value even quicker. Okay? But you take a look at precious metals. Gold, silver, platinum. Gold right now is $2,518.60. It went up $4.80. While we were talking, silver is at $29.34. It went up $0.21. But I'll tell you what, silver is more scarce right now because they use it manufacturing. And I believe you're going to be paying $35 an ounce because it's scarce. Platinum is $975.50 an ounce. It went up ten cents. I remember when platinum was a $1,000 an ounce and gold was 15, $1600 an ounce. Palladium, that's only mined in Russia, and that's $1,000 an ounce. But they use that in manufacturing, so we don't need to really invest into that. But if you go to invest in gold, you don't want the big bars. Number one, they're too heavy. And number two, they're too expensive. And you look at coins and you can get them in 1oz coins for 2500 or $2,600. A coin or you could get half ounce, quarter ounce. The 10th of an ounce is a better deal because you can use this stuff to barter with if the economy goes to crap in a handbasket. You know what I mean? So here you go. You got a 10th of an ounce american gold eagle coin and they're going to be 99.995% pure, $352.81 as low as if you buy a lot. Okay. You'll get that low as they're probably about, probably $370 an ounce or for a 10th of an ounce rather. And you can get them different years and so forth. You can get them so that they're fresh out of the mint and they haven't been touched on a special sealed envelope or container. You could do that. Or you can buy silver. Silver is poor man's gold, but silver is used in manufacturing. But if the banks are closed, you can't use credit cards, you can't use your ATM card to go to the bank. But you have silver and you have gold and you have cash that's stored up. You would be able to do pretty well. Okay, just a hint. I'm not saying that the banks are going to totally crash or anything. I don't know what's going to happen. I can't predict anything other than you better prepare and if you don't prepare you are going to be in trouble, guys. I can guarantee that. And I'm not going to say don't say I didn't tell you so, but that's the way it is. Well anyhow guys, that's all I've got for money and change this week. Check us out on the money and change slash financially prepped Facebook page. Okay? And we will see you here next Sunday at 07:00 p.m. check us out during the week because we'll have plenty of postings. There'll be plenty of videos posted. Okay? Check out our friends. We'll talk to you later. See ya. [00:58:20] Speaker A: We're paying with love tonight. It's not about the money money, we don't need your money money we just want to make the world the change to change ain't about the yeah bubbling the blame wanna make the world day forget about the bright day okay? We need to take it back in time.