00:00
Peter Dunn
Well, hello, everybody. It's Peter don. And it's the Pete the Planner show. Live from my house. I'm snowed indianapolis area, got a full ten inches ish of snow. And so I'm stuck in my house. It's like COVID all over again. My kids are here, elearning, my wife is here. I'm drinking better coffee. I'm wearing sweatpants. I'm on the crystal clear or fiber connection of my home Internet provider. And joining me, as always here on the show is Damian Dunn, always snowed in at his compound. Hello, Dame.
00:35
Damian Dunn
Hello, Pete.
00:35
Peter Dunn
Do you ever call your house a compound?
00:39
Damian Dunn
I think there's acreage requirements before you can call it a compound, and I don't think we qualify.
00:44
Peter Dunn
Dame, you were out there pushing snow this week, as they say.
00:48
Damian Dunn
That's right. My upcoming podcast. Getting plowed with Damian.
00:52
Peter Dunn
So, Dame, can we talk at some point, maybe between segments, about pushing snow? I have a million questions.
01:00
Damian Dunn
Yeah, I'd welcome that.
01:01
Peter Dunn
I did shovel some snow. I would also like to note that Ted shoveled snow for the first time of significance, because we just haven't had a lot of snow in the last few years, and he's now old enough to do it, and it kind of helped me out. I appreciate it. I was like, man, glad he's around.
01:16
Damian Dunn
You don't have a snowblower.
01:18
Peter Dunn
Do you want to hear a story? Several years ago, I bought a snowblower from Lowe's, and I bought it off the floor. It was already assembled. And so I'm not a big machinery guy. I don't know if you okay. And so I bought some oil to two cycle oil, I think is what they say. And I got it home and I took the dipstick out, and I was like, doesn't seem like there's any oil in there. So I filled it with oil, I pulled to start it, and I overfilled it with oil. There was oil already in it, completely seized it up, and it was dead, permanently dead one pole start. So, yeah, I had a snowblower.
02:06
Damian Dunn
Did you take it back?
02:07
Peter Dunn
I did take it back, and then I was like, you know what? That's not for oh. Anyway, so this week on the show hello, everybody. Hello, Jeremy, jeremiah and Levi. Good day to you, Dame. This week on the show, we're going to talk about how often should you really look at your investment. Okay? We're also going to talk about major economic news as consumer trends are shifting back to experiences and buying less durable goods, which is super interesting, because as we will explain, theoretically it could solve the inflation issue if that all works out perfectly. And by the way, it will not work out perfectly and so much more. But even though I'm at my home and not the office, I have a lot to do, a lot of very important things. So we got to get through the.
03:09
Damian Dunn
Show today, probably even more than usual.
03:11
Peter Dunn
Oh, you have no idea. I will note that since I'm at home, I ate a human lunch yesterday. I ate my peanut butter and jelly and cheeto sandwich that I've been eating since I was a little kid, and we just happened to have some Trader Joe's brand cheetos, and I feel like a kid every time I have it, and it's delicious, and I will not hear otherwise on that.
03:35
Damian Dunn
The cheetos really just throw me off in that whole recipe, I guess. I don't know. Not right.
03:42
Peter Dunn
Well, I do appreciate that you're not hating the player, and you are hating the game. You shouldn't hate the game until you try it. If you have any sort of cheese snack, a Dorito actually even works. Levi. It's not gross. You're gross. Got him. Oh, boy. Oh, man. Some of you, by the way, I'm going to do a show and tell. So the podcast people sorry, you're out. Got two show and tells for us today. The first for some of you. You might remember Alex, who used to be part of the Pete the Planner team years ago. He'd be on the podcast. Great dude. Just love Alex. Played college lacrosse, joined. He was on our bizdev team. Every year, he sends a holiday card of he and his dog, and I want to show this year's card because Alex is also a photographer now, so it's just him.
04:42
Peter Dunn
His dog just makes me laugh. Every year he sends it, and it makes me happy. So there you go. Podcasters. You didn't get anything. It's just a picture of a man in the backseat, and his dog is driving. The man has a beautiful mustache, as does the dog. Dave, do you view dogs have facial hair? I mean, does every dog have a beard and or mustache, or do you just not account for the fact that they have fur on their face? Have you ever thought about this?
05:07
Damian Dunn
No, I think they all have facial hair to some extent.
05:12
Peter Dunn
Yeah, but what makes it a beard? I mean, I know this is a financial show, but sometimes there's topics that are harder hitting than guess.
05:20
Damian Dunn
You know, when dogs start, they get older and their muzzle turns white or gray, then it looks like they do have some facial hair, but no, it's not something I've really ever contemplated.
05:32
Peter Dunn
All right, I am really going to get the real show and tell here. This is actually more impressive than Alex's mustache. Hold on.
05:37
Damian Dunn
Okay.
05:40
Peter Dunn
All right, so this is pretty intense. I think I've told you about this, but I don't think I've showed you. 2014, Grandpa Dunn passed away. My dad's dad we've talked about him a lot on the show this past year. 2021 Grandma Dunn passed away, and as they were cleaning out their house after those things clean out house, and people get things. Here's what I received as a memory of my grandfather and my grandma. It is my grandfather's field binoculars from. I mean, the people on the podcast are not seeing this. However, Damien, it's incredible. It's in really good shape. First of all, I know I'm banging on the desk. So podcast, you get to hear the percussion. Look at these field binoculars.
06:32
Damian Dunn
Oh, wow.
06:33
Peter Dunn
These were on the beach of Iwojima.
06:35
Damian Dunn
Wow.
06:36
Peter Dunn
And I'm handling them with my grubby hands, which had a cheeto sandwich yesterday.
06:40
Damian Dunn
But aren't those amazing?
06:43
Peter Dunn
I know. Like, I keep these at my desk at my home office, which is like what? I will never personally have something attributed to me that is that interesting. And.
06:58
Damian Dunn
A, that's a is like it.
07:02
Peter Dunn
Just gets an emotional treasure. Jameson joins us from Texas. Jameson, I'm guessing that you guys have not figured out the power grid yet. No offense, but Dame, have you heard from your you have a couple Austinites in your team. Are they getting lit up?
07:15
Damian Dunn
They had some issues last night, sporadically, but they are AOK this morning.
07:20
Peter Dunn
Well, great. Okay, well, let's do some have. Man, Levi does make a good point, even though I got him earlier. Levi says it's nuts to imagine what all has been seen through those glasses. Yeah, exactly. Jameson says little cold here and icy, but power strong. Oh, good. Okay, so Dame, again, I'm on the road here at my house. So some of the equipment I use to make the show work. I'm going to be struggling a little bit today. So let's get after it in three, two oh, boy. Hold on. This is not going to go well. Hold on, everybody. Okay, podcast, pipe down. Okay, this will work. Okay, segment one. Okay, here we go. Three, two. This week on the Pete the Planner Show, we answer your money questions. Here's how the show works. You email us, askpete@petetheplanner.com that's, askpete@petetheplanner.com and we will sometimes answer your question here on this very syndicated radio show and podcast.
08:37
Peter Dunn
Joining you live from my palatial 8th of an acre in Carmel, Indiana, because, well, I'm snowed in. So I brought some equipment home. Recording from our home. Damien Dunn, my co host, always records from his northern Indiana compound. Hello, Dame.
08:56
Damian Dunn
Hello, Pete.
08:57
Peter Dunn
So here's what I can warn you about today. Sound quality could get weird. Number two, my kids could make an appearance or their sounds could make an appearance. And it is almost guaranteed that I will be distracted out the window by the handsome dad who lives down the street who has been walking his dog briskly this morning. And he's just distracting. I'll be honest.
09:18
Damian Dunn
Any chance for chipmunk appearances in the winter?
09:21
Peter Dunn
I don't know how that works. How the ground squirrels handle ten inches of snow. Dame, let's get to the show. Here's what we got this week. We are going to talk about how often should you actually look at your investments. It's a good topic. We'll hit that. We're going to talk about how the economy is shifting and consumer habits may actually solve the inflation problems they theoretically caused and so much more. Dame. How often do you look at your statement?
09:53
Damian Dunn
The actual statement itself?
09:55
Peter Dunn
Yeah. Okay. Yeah, that's a good question. Let's think of it this way. When you think of your investments, how often do you look at the total balance? Let's say it that way.
10:05
Damian Dunn
Okay. Probably way more often than I should.
10:10
Peter Dunn
Oh, really?
10:11
Damian Dunn
Yeah.
10:12
Peter Dunn
In good times and in bad? Yeah, I'm a good time guy. I look all the time in the good time. In the bad time, I hibernate like a chipmunk under my porch. Where are all these things hibernating, by the way? You know what I mean? You think it's like, well, okay, well, there's not like a bear in my yard.
10:34
Damian Dunn
It's one of science's greatest mysteries.
10:36
Peter Dunn
Might be I don't look during bad times. Now, here's the weird thing. I will look at the underlying assets individually, but I don't take into account the number of shares I have and I don't aggregate that data into a balance during bad times. So that is to say, since the second 1st week of January of 2022, I have not looked interesting.
11:07
Damian Dunn
I probably check once a week would be my guess.
11:10
Peter Dunn
Wow. Why? I mean, this is not judgmental. I'm just curious. Just discussion amongst two balls.
11:14
Damian Dunn
Curiosity. Honestly, I don't make any changes.
11:18
Peter Dunn
Does it make you feel a certain way? Sure.
11:22
Damian Dunn
Things are going great, things are amazing. If things are going poorly, I get frustrated. But I also have a good grasp of what time horizon is, and that the history of the markets. This is just a blip in the radar, but yeah, I expose myself to way too many emotions by checking as frequently as I do.
11:51
Peter Dunn
Yeah. The thing is, it's not like I would take action if I saw it. It wouldn't even ruin my day if I looked. It's just always been my habit. I just don't look during rough market conditions. Although, that being said, here's what I'm willing to do right now on the air. I'm willing to look at my balance right now on the air. Are you ready to go? I'm logging in. It's facial recognition. Okay. So I'm going to try to get my face up to the screen. That was a mistake. Why did I do that?
12:28
Damian Dunn
Because it makes for good radio.
12:29
Peter Dunn
Oh, no. It's sad. Why did you let me do that?
12:39
Damian Dunn
Because I had a feeling. I knew what the results were going to be. Yeah, it's not great.
12:47
Peter Dunn
I mean, I'm down on this account 13% since the year end.
12:54
Damian Dunn
Really? Year to date, you're down 13?
12:56
Peter Dunn
Yeah, but I've got a couple of positions specifically that are just getting dog walked. Yeah, go ahead. No, I think the reason we're having this conversation is because too often people look with the idea that they're going to do something about it. Right. I think what both you and I agree with is that we're not going to do anything about it. We're just looking because we're curious. It's the same way you read the comment section, I have to note, when I write a piece of media, is that a thing? If I write an article and I know it's not a hot take and people are going to like it and there'll be good comments, I'll read the comments. But I've gotten to this point now where if it's a little bit of a hot take or it's a controversial topic, I won't read the comments because I don't want people to yuck my yum.
13:42
Peter Dunn
It's sort of the same way I feel about looking at my portfolio.
13:45
Damian Dunn
I mean, there's only a few options that you're going to have when you look at your portfolio, whether it's in good times or bad times, you're going to do nothing, which is almost always the right answer. You're going to make an informed decision that is wise for whatever situation you're in, or you're going to make an emotional decision, which is the worst thing that you can do right now. It would be very easy for people to look at their portfolios, look at some uncertainty that they perceive in the markets or the economy or geopolitical stuff and say, you know what, I'm just taking this money out and going to sit on it. That would be an emotional decision. You might convince yourself that it's an educated decision, but it's probably more of an emotional decision, and that could come back to bite you big time.
14:27
Damian Dunn
So if you're going to check it frequently, you better be really comfortable with just sitting on your hands and groaning like Pete did just a couple minutes ago, and being happy with it.
14:38
Peter Dunn
Do you distinguish between the different accounts you have as to whether or not you would even consider taking action? For instance, if I look at my 401K right now, which I didn't, I just looked at an old IRA, which has got individual equities in it. But if I looked at my 401, I don't know if I would care as much, and I wouldn't feel at all tempted to do anything. But I look at this, it's not that I want to prevent myself from losing money. I look at this and I think, okay, does it make sense to free up some cash and buy something since a lot of things are down? But I don't think that way with my 401K. Does that happen for you when you look at your balances, do you view sort of them differently?
15:22
Damian Dunn
Yeah, I kind of go with just overall purpose. If it's retirement, it's got to be a really good reason to make changes going forward. Whether it's a change in philosophy or the individual investments aren't doing well, or they need to be changed out, or I don't like them now for some reason, or my investment advisor doesn't like them for some reason. But if it's a play money account, whatever you want to call it, just something where like, my Robin Hood account. It's been well publicized. My Robin Hood account.
15:55
Peter Dunn
Sorry.
15:57
Damian Dunn
I do whatever I want in there because I don't have any real goals for that account other than to try and figure out how different things work and track things a little bit. And I don't know, was opening the Robin Hood account a mistake? Who's to say? But it's just how I view it.
16:19
Peter Dunn
Yeah, it's interesting. Sometimes I've just discovered this personality quirk about myself. Maybe everyone has it. When I know something's not going well, I just don't want to look at it. Currently, right now, I'm a little thick. I'm eating food. I'm a little heavy right now, but I'm not stepping on the scale. The market's killing my portfolio right now, and other than just five minutes ago, I don't really look. If I've got a piece of media out there that people are beating up, I don't take joy in people killing it. Is that just me, or is your personality trained the same way? If things are going bad, do you look or not?
17:02
Damian Dunn
I'm an all weather looker at this point. The question now for you, Pete, is when do you think you'll look? Again, if you get a nice little run in the market, will you look back?
17:10
Peter Dunn
That's a good point. I'm not going to look on the scale, bathroom scale until I get, like, the flu or something. The market well, I'll be honest, one of my positions that we've talked about before is Amazon, and it got killed yesterday. But then earnings came out post market, and it was up like, 14% overnight. So I looked, but again, I look at individual equities. I just never look at balances. Coming up after the break, wall Street Journal had an article this week about trends in consumerism. We're going to talk about those trends and how it could actually solve the inflation crisis in our country. That's next. I'm Pete the planner. How is that levi? Just looked. He's down 11% for the year. Yeah, dame, can you look real quick? What the S and P is down for the year?
17:53
Damian Dunn
Five, almost six.
17:55
Peter Dunn
Okay. Jeez. You had that available.
17:58
Damian Dunn
I just pulled up our picks for the year. Since I knew Amazon was one of yours and it made a big run, I'd like to tell you that I am now thrashing you in the losers category.
18:08
Peter Dunn
Okay? So, yeah, let's go through them.
18:10
Damian Dunn
Winners. Pete picked Cushman Wakefield.
18:13
Peter Dunn
Yeah.
18:14
Damian Dunn
Down 5.2% for the year. I picked a total cheating pick of Berkshire Hathaway, up 4.9% for the year. So I'm winning there. Losers. Pete picked Amazon, which, I don't know why you did that, man. I mean, that's like just, I guess, salvaging some of your own pain if they do go down. So down 6.8% now for the year. They made a big comeback overnight. As you said, pick Twitter. Twitter down almost 17% for the year.
18:42
Peter Dunn
What's? Facebook down for the year?
18:43
Damian Dunn
Can you look that way a bunch after yesterday?
18:51
Peter Dunn
We are broadcasting right now on Facebook or Meta or whatever it is. I don't have, like, super hot takes on Facebook. I have to admit. I enjoy using Instagram, which is a Facebook product. I like streaming the show on Facebook, but I don't get sort of general pleasure from Facebook.
19:09
Damian Dunn
Down almost 31% year to date.
19:12
Peter Dunn
Oh, man.
19:14
Damian Dunn
It was the biggest one day decline in market history yesterday for an individual company.
19:19
Peter Dunn
Someone just asked in the comments, and I'm going to butcher the pronunciation of your name, so my apologies. Could just be Michael. Could be Mikhail. I don't know. What do you think?
19:28
Damian Dunn
I'm sorry, Michael.
19:30
Peter Dunn
Is that why Amazon is increasing prime fees? Potentially, but I will note that the increase in prime fees did lead to overnight bump in the stock price. So that's good. Jameson, listener of all time, best listener. 401k is down 5.65 year to date. That's not bad.
19:53
Damian Dunn
Depends on the allocation.
19:55
Peter Dunn
It's true. I mean, Jameson's much older, so he's more conservative. Exactly. I'm just kidding. All right. Jeremy just looked at his pilot. Jeremy 7353 down.
20:07
Damian Dunn
Hope he's not flying.
20:09
Peter Dunn
Yeah, don't listen to this. You know what? You could stream the show over one of your planes. Oh, it is Mikhail. Nice.
20:17
Damian Dunn
Sorry, I was wrong.
20:18
Peter Dunn
Damien doesn't what he's talking about? Can you imagine if Jeremy streamed our show to all of the fuselage? There's the I, there's airplane terms that I don't really know that I just throw around. He's on the flight deck. I don't think they call it the cockpit anymore.
20:35
Damian Dunn
Probably not.
20:37
Peter Dunn
I don't understand why it ever was the cockpit, but I do understand why it is no longer the cockpit.
20:45
Damian Dunn
Yeah, it would be interesting to know the background of why that was called the cockpit.
20:53
Peter Dunn
Did you ever know in the plumbing world there's a lot of sort of sexualized plumbing terms that are just very acceptable within the plumbing world?
21:03
Damian Dunn
I guess I never really put two and two together, but I'm thinking of the very limited plumbing vocabulary I have, and that doesn't yeah, it makes sense.
21:11
Peter Dunn
Like there's nipples are a big part of the plumbing business. Ballcocks. Yeah. Corky flapper isn't sexual, but it's a funny term.
21:22
Damian Dunn
That's a good one.
21:24
Peter Dunn
Yeah. I don't know. I remember when Mrs. Planner and I were dating in college and I worked at my parents plumbing shop. And not that I would go to her house for dinner with her parents and talk about the nipple trays I put together at the plumbing shop, but I don't know how it came up, but she was just shocked to learn of all the sexualized terms in the plumbing business. Anyway, Dave, between the next segment, I want to hear about you pushing snow because I have a lot of questions.
21:53
Damian Dunn
I'm ready to field all of them.
21:55
Peter Dunn
All right, Dame, let's no cough button here today. I don't actually have a cough button.
22:01
Damian Dunn
You have a mute button on your screen.
22:04
Peter Dunn
Quiet, okay?
22:07
Damian Dunn
That's what a mute button does.
22:10
Peter Dunn
In three and two, one back on the Pete the Planner show, Dame The Wall Street Journal, which I read one to two columns per month because I don't have a subscription. Can I tell you something before we get to going too far on this? I have tried to subscribe online to The Wall Street Journal at least four times, but I can't do it. It won't let like I'm not kidding. It literally there's something broken in their process. I've tried months apart. I want to get the Wall Street Journal. I cannot subscribe to the Wall Street Journal.
22:50
Damian Dunn
Is it the email address you're using?
22:52
Peter Dunn
I don't know. No. I've tried different emails. I used my normal one and then I used my personal one. I've used different computers. I've used different browsers. I can't subscribe to the Wall Street Journal. They're withholding their Wall Street information from me.
23:06
Damian Dunn
Tell you what, I'll subscribe to The Wall Street Journal on your behalf, and then I'll just submit it as an expense.
23:14
Peter Dunn
I don't like the way this is going. Dame, goods, including non durable goods such as food and clothing, and durable goods such as cars and appliances, average 31% of total personal consumption in the two years before the pandemic. Okay? So if you think for a moment of how much people buy, 31% of that was based on these two types of goods, nondurable, you think of them as disposable, if you would, or durable such as cars and appliances, things that have a longer shelf life to them. That soared to 36% of consumption, 31% to 36% in March and April of 2021. And this was right before COVID-19 vaccines became readily available. But since then, they've steadily dropped as people are saying, I'm vaccine and ready to party. I want to go out in the world. So, Dame, the question that we're going to explore right now is one, do we think this trend of spending less on goods and more on experiences is going to last for a while?
24:36
Peter Dunn
And the bigger question is, could this really solve the inflation challenges we have in our economy right now? So I will take it to you. Where shall we begin this conversation?
24:48
Damian Dunn
Let's start with the trend of moving from stuff to experiences.
24:54
Peter Dunn
Let's start with the qualitative anecdotal analysis of this. Dame, are you buying more experiences or stuff in your personal life right now?
25:02
Damian Dunn
This is a conversation that my Mrs. Planner and I have had frequently, but even recently really started to put into effect. We've really decided to focus on experiential stuff rather than goods. We've got too much stuff as it is, and it's interesting for a little while, and then you lose interest, and it just takes up space in your house. And if you're trying to simplify things and take some of that clutter out of your life, whether that's physical clutter or mental clutter or just overall just making it feel like you're getting closed in on man, we stop buying stuff, start putting that money to a different sort of use, go build some memories. But you can't put a price on the memories, right, Pete? But yeah, we're going to Goods. My daughter recently just had a birthday and we asked her if she would like to make this a more experience based birthday and she says absolutely.
26:01
Damian Dunn
So we did a couple of nice things for her and some of her friends and it was great. I don't think she will ever regret having that day versus getting some new clothes to wear and grow out of.
26:14
Peter Dunn
And get rid of for Christmas this year. We always buy like sort of, I don't know, more substantial joint gift for the kids. And this year actually, I'm at my home office. I'm going to a visual on the radio and the podcast is not good, but we wrapped up this piece of paper that said choose your own Adventure mini vacation. Any city in Illinois, Michigan, Ohio or Kentucky because we're like, okay, we could spend it doesn't really matter. Let's say $300, $1,000 on some joint gift. We could get a 3D printer that would sit in my home office and we'd make a trophy for our fantasy football league and then it would just sit there. Or we could get out of the house. I don't know, I just feel like more people are going to want to do that. I also have to note, and these are all work trips, but I have five work trips planned over the next couple of months and a personal family vacation so people are ready to go.
27:20
Peter Dunn
I do think there will be fewer goods purchased, which I think A, could influence how people invest and B, it could influence how this economy comes back.
27:32
Damian Dunn
I don't disagree whatsoever. Some people have been traveling much more comfortable traveling for a while. But as the other half or whatever percent of the population starts to feel comfortable getting out and getting back into their lives and experience things, we're going to see people getting out and about. And hopefully that means local restaurants are being taken care of a little bit more and travel destinations who are heavily reliant on travelers and income that way are taken care of. So it'll be interesting to see how the cash flows change and then maybe if these behaviors and preferences stick long term, maybe we become a less goods consuming society and more of an experience based society going forward. That'd be really interesting.
28:19
Peter Dunn
I am curious as to how the grocery business has changed in the last six to eight months as people are out and about. Obviously, Omicron was not helpful in that regard. I bet they had a boost again. And I do think when this is all said and done, whenever that is, it will be fascinating to look at the economics of all this, of what it did to the grocery store business and how it changed things like carryout and services like DoorDash or Mean. We're talking about some life changing economic events that could last for a while. If you think about Uber and Airbnb, some believe those services really grew out of the Great Recession because people wanted to hustle and get back on their feet, and the sharing economy sort of was rooted in that. It is curious to think about, like, well, what changed?
29:23
Peter Dunn
What new? Things are on the horizon because of COVID times.
29:28
Damian Dunn
Yeah. We just aren't 100% sure on where that's going to go. But as you said, there's plenty of opportunity for people to kind of reimagine their futures at this point. We kind of went through this period where were forced to do x, Y and Z. And now that it feels like the reins are coming off a little bit and we're going to be able to get out and explore and live somewhat of a normal life again, I think we're going to really have a different feel going forward.
30:00
Peter Dunn
Okay, so what about inflation, though? Because inflation has been kicking people in the face. By the way, I don't know why I'm doing this. I was on Twitter yesterday and someone from our office tweeted a live event I'm doing, and the topic was something about how people's income is going down because of all sorts of things. Government stimulus has gone away, so our incomes have sort of gone down in 2022, back to normal levels. And someone noted, yeah, and I only got a 1% raise this year. And I saw that and I thought, I'm not casting stones here, okay? I'm not casting stones. What's the point of a 1% raise? No one wins. It is almost more of an insult than it is help. You might as well not give anyone a raise.
30:55
Damian Dunn
I guess if it's a real small business that's struggling and they're doing whatever they can to try and help their.
31:04
Peter Dunn
Employees with 7% inflation, 1% raise, man.
31:09
Damian Dunn
I know I'm not saying it's comfortable for anybody, either the company giving it to them or the employee receiving it, but.
31:18
Peter Dunn
I know that in our executive meetings, we made a decision to adjust what our typical cost of living adjustment was here for 2022. I do feel like I'm casting stones at the people that gave a 1% raise. My apologies. I don't know your circumstances. Coming up after the break, more of the Pete the Planner show right here on well, wherever you're listening. Yeah. Okay, so this is interesting. Nick says his employer has done $1,000 bonus payment instead for exactly the same reason. Yeah. Sometimes by just saying, look, here's $1,000, as opposed to, I'm going. To take $1,000 split over 26 paychecks. It's just better to give someone $1,000 maybe. I mean, we're just spitballing, but yeah. Dame, it looks like we're going to that email, buddy. Okay, but first, a little segment I like to call pushing Snow with Dame. Dame, last week on the show, we learned you do in fact have a pick em up truck.
32:20
Damian Dunn
I do.
32:22
Peter Dunn
I was both not shocked to learn that, but also shocked that I didn't know that.
32:30
Damian Dunn
Yeah, I guess I would have assumed that you knew that, but we've never discussed pickup trucks, and so I guess it's reasonable that you wouldn't know that.
32:40
Peter Dunn
I feel like I deeply offended your wife by not knowing you had a pickup truck.
32:45
Damian Dunn
Not deeply.
32:49
Peter Dunn
But I just have to note something because I'm not rocking two screens today because I'm working from home. My email inbox is currently filling up, and I'm waiting on some very significant emails to come to me today. So here's what I'm going to do. I'm going to close that tab because if I read an email and the show would be over. And so I'm showing restraint. Look at that.
33:15
Damian Dunn
I appreciate that.
33:16
Peter Dunn
Maybe dame pushing snow. Okay, you have a 2000 what truck?
33:22
Damian Dunn
Three. It's an old truck that has been used for plowing and salting and pulling trailers and mowers and all sorts of great stuff, but it still runs.
33:32
Peter Dunn
So when it's just hanging out, let's say it is August 15, it doesn't have the snow plow attached to it, right? No, the blade, they call it in the biz.
33:43
Damian Dunn
Yeah.
33:44
Peter Dunn
And so how long does it take to attach a blade to a pickup truck?
33:49
Damian Dunn
A couple of minutes, tops.
33:51
Peter Dunn
What?
33:52
Damian Dunn
Yeah.
33:53
Peter Dunn
You don't need a wrench.
33:54
Damian Dunn
No.
33:55
Peter Dunn
How do you do it?
33:57
Damian Dunn
You've got a receiver on the front of the pickup truck, and you pull up to the plow. The plow slides into the receiver, you flip a couple of hooks down, make three connections, go in, hit the button on the control module. It's a joystick anymore. And you're off and running.
34:13
Peter Dunn
And who taught you how to do these sorts of manly things?
34:17
Damian Dunn
Oh, my Papa Tom. I've been plowing lots and driveways since well before having a driver's license.
34:25
Peter Dunn
Okay. So this is where I'm very interested in what's going to happen, because I do love the economics of snow. I have to admit. I love the idea that my neighborhood homeowners association has been sitting on plowing funds for the last several years because there hasn't been any snow to plow. And then my neighborhood is plowed like plowed. And I also wonder, where have all those funds gone over the last few years? But that's neither here nor there. I don't ask to audit those statements. When you push snow, Dame, does it have an economic impact on you?
35:03
Damian Dunn
Not anymore.
35:05
Peter Dunn
Okay.
35:07
Damian Dunn
Yeah, I pay for gas and gas mileage while plowing is laughable.
35:14
Peter Dunn
Oh, aerodynamics.
35:17
Damian Dunn
Just you're carrying an extra 600 pounds of weight and you are stopping and starting and using a lot of accelerator to get things started. It's back and forth and stop and it's tough on the old gas mileage.
35:34
Peter Dunn
You said you pushed snow this week. Did you just push your driveway?
35:37
Damian Dunn
My driveway, my mom's and my in laws.
35:42
Peter Dunn
Wow. But nothing else.
35:45
Damian Dunn
No. I mean, I've maybe dropped in and plowed other people's driveways just as a courtesy every once in a while if I know they could use a little bit of help. And I don't want them out doing their own driveway.
36:00
Peter Dunn
How much did you charge your mom this year?
36:01
Damian Dunn
Zero.
36:03
Peter Dunn
Could you do my driveway next time? Sure.
36:05
Damian Dunn
There'll be a fee associated with it.
36:09
Peter Dunn
All right, let's get back to the show. Dame leave. Pull up this email you sent me.
36:12
Damian Dunn
I would probably have to stop and fill up the truck with gas on the way down.
36:17
Peter Dunn
What else do you want to tell us about pushing snow before we move on?
36:23
Damian Dunn
It's a lot of fun the first night you do it. After that, it loses its luster really quick.
36:28
Peter Dunn
So I have a concern. Aren't you just terrified of damaging things with the big plow?
36:37
Damian Dunn
You get over it.
36:38
Peter Dunn
We get over what? You get over your fear or you get over the fact that you are going to damage things. And it's just part of it.
36:45
Damian Dunn
If you do it professionally, if you do it to make money, you will most likely damage something. Whether it's something that you hit, something that hits you because they weren't paying attention, or you have a mechanical breakdown in one way, shape or form. And if you do, that your plowing season. You're hoping to break even. Usually, if you have a major mechanical malfunction other than that, you become one with the truck and the plow. Pete and you know where it's going and where you're pushing and how much you can slide. It's a beautiful thing. Pete.
37:20
Peter Dunn
All right, we're moving on. All right. Three, two, one. Back on the Pete the Planner show. If you missed us during the break? Well, it's because on the radio they play ads and things that help support the show. Damian has a blade that he puts on front of his truck and plows things. Damien has a blade that he puts on front of his truck and plows things. And that's a good time. We got an email at the Askpete@petetheplanner.com email inbox and it says, pete, we are very late in the game to start planning for retirement. We got an email at the Askpete@peteplanner.com email inbox and it says, pete, we are very late in the game to start planning for retirement. I'm almost 50. My husband? Well, he's 56. We just started our first IRA in February, I assume of last year or maybe this year.
38:11
Peter Dunn
And are each putting in $200 a month. Otherwise we have no retirement whatsoever. So, Dame, from what I'm hearing so far, there's either $400 in there or $4,800 in there, depending on whether it was this February or last February, right?
38:28
Damian Dunn
It was last February.
38:29
Peter Dunn
All right, so there's $4,800 plus whatever the market did and then recently took away. We own small businesses and kept having issues getting things started as were living paid job to paid job. However, were in a bad accident and are getting a settlement, and we need guidance on what to do with the money and be super smart about it so we can survive retirement or ever retire at all. Dame it's not that unusual. First of all, thanks for email. It is not that unusual for people at 50 to realize, whoa, we haven't actually saved whether it is an afterthought oh, I forgot. Or man, does life dealt with you circumstances in which it just wasn't feasible. Dame does your answer for this person change based on whether it was an afterthought or just life dealt them a tough hand?
39:28
Damian Dunn
I don't know if it changes all that much. We're in the same spot one way or the other. The result is you've become acutely aware of the situation and you know you need to change it. So if it was an afterthought, that's one thing. If it was circumstances beyond your control, maybe that's another. But you are where you are right now, and it sounds like it's going to be a priority going forward. So I'm not all that worried about how you got to where you are right now rather than what you're going.
39:59
Peter Dunn
To do going forward in situations like this. And there's two other circumstances that always make me think of this. When someone's getting out of significant credit card debt or a person did not fund college for their oldest child, and they got to figure out what to do, and they have a second child, at least a second child here's my first action step are the behaviors, and that's not meant to sound judgmental, but it's just reality. Are the behaviors or circumstances which led to the current conundrum still present? Because this is especially true with credit card debt, is that someone will make an effort to get out of credit card debt, but they've never changed the spending habits that got them into credit card debt, so they're likely to end back up in credit card debt. So dame I wonder with these people, it does seem like it's circumstances, and I can't say for sure unless I knew if they were making above living wage or not.
41:01
Peter Dunn
But at the same time, we are all dealt some level of resources, and we have to be resourceful with those resources in all respects, and that seems like what it needs. Again, not judgmental. I'm just being honest. That does seem like it needs some improvement here.
41:16
Damian Dunn
Here's my question, and I think I might be right. Are these people serial entrepreneurs? Because you realize that as you're trying to start businesses, sometimes it takes every penny you've got trying to plow it back into the business and keep it going and try and develop new lines of income that you don't have time to save for retirement. And you think that, well, this business is going to be my retirement because I'm going to sell it down the road. Maybe they haven't had real good luck getting any of their prior businesses off the ground, and they keep finding themselves starting over a new clean page. Let's do it again. It's going to be right this time. We're going to get it right, and it's going to be everything that we want it to be. It's going to provide a nice income and it's going to give us that retirement going forward.
42:02
Damian Dunn
And they get up one morning at age 50, 56, and they say, maybe we ought to look at another solution here, and we're going to open those IRAs and start putting it away that way and hope that our businesses succeed and grow to something that we can sell to supplement our retirement income needs in the future.
42:20
Peter Dunn
Yeah, that's possible. I mean, that's entirely possible. I think the biggest issue here, besides behavior, is, yes, you need to attack retirement from an asset building perspective, but you also need to put yourself on a path to eliminate obligations as you get closer to retirement. So you're sort of solving the problems from both directions. I am of the belief that most Americans who are off track get too one sided at their approach, and their approach is, oh, we got to get some money. It's like, well, yes, but how about you get to a point where you don't need so much money, which is just a more reasonable approach for a lot of people, which is to say, what's going to happen with your housing situation and your monthly housing obligations as a 56 year old in the coming ten years? Are you close to paying off your mortgage?
43:14
Peter Dunn
Are you renting? What does that look like? Clearly it doesn't seem like there's a lot of savings. So if you're a renter, it's unlikely you're going to get a down payment for a home and start a 15 year mortgage process to be out of debt. I mean, that's not going to happen. So that's one place to start. I would also note dame depending on their income level, and this gets super weird and arguably condescending. If it's low enough, it's actually better because Social Security, if they've worked enough quarters, will satisfy those obligations as opposed to a person who makes six figures, who is behind the eight ball, because there's no way you'll have the income replacement mechanism of Social Security.
43:57
Damian Dunn
Yeah, Social Security replaces your income on a tiered system. So Pete said, if you don't make all that much money when Social Security is applied to your situation when you retire, chances are it's going to replace a lot higher of a percentage of what you are making when you are working. So that's not a horrible thing. But then as you make more money, that gap is going to grow a little bit more and more, and it's going to be your responsibility to come up with a difference in funds.
44:26
Peter Dunn
How scared? It's the wrong word. How concerned are you about this windfall coming to these people because of an accident settlement? And hopefully they're okay. Right. We want these people to be okay in every respect. But do you get worried in situations like this when a windfall comes? I tend to, which isn't really fair, but the reality is if a person doesn't have a lot of resources, then they're probably not used to dealing with excess resources. And so I don't have a lot of hope. What do you think?
45:00
Damian Dunn
I'm more optimistic for them because they're asking questions now.
45:06
Peter Dunn
True.
45:06
Damian Dunn
Rather than thinking that they're just going to do what they feel is best and go forward. And they seem to have a desire to make this money stick because, as they say, they want to be able to survive in retirement, if they can ever retire at all. So it makes me optimistic that with a little bit of guidance, they're going to hopefully be able to keep their hands off of it and let it grow.
45:30
Peter Dunn
I have an unhelpful comment, please. This is judgmental. Yeah. I tend to find that people who have not had access to a lot of resources, which is a very relative term, when they do come upon a lot of resources, they overestimate those resources, ability to serve them because they don't have experience, to know what $300,000 can do or what $100,000 can do or a million dollars can do. I mean, look, it's not that different than professional athletes that I used to serve when I was an investment advisor. You have a signing bonus and it's more money than you could have imagined. But it isn't enough money in many respects to continue a particular lifestyle for the perpetuity of your life. Yeah.
46:28
Damian Dunn
That gets into a lot of sociological issues as well on the environment that you grew up in and the things that you were surrounded by and what you have been conditioned to do and how you value those relationships around you as well. So I may not have been part of that growing up, but I understand it on some level as well. But you're exactly right. It can absolutely submarine what would be a windfall.
46:56
Peter Dunn
Coming up after the break, the biggest waste of money of the week, a historical one. It's actually pretty darn interesting. Don't miss it's. Next. I'm Pete the planner. I always like when I'm like this one's actually interesting. It sort of dismisses the last twelve years. The biggest waste of money.
47:13
Damian Dunn
Not all twelve years.
47:15
Peter Dunn
Let's play a game called like what's on my desk? Okay. Game called what's on my home desk? The Instructions to my Weber Grill, which I recently got a new grill, so instructions to that, and then the next thing I will show you is a book that my father in law bought me for Christmas, Renegades. It's a book between Barack Obama and about they just talk to each other about music and careers and things. I've yet to crack the spine on that thing. Nice gift. Certainly appreciate it. I appreciate President Obama. I've read all of his books. Not a big boss fan, though. I'm not a big Bruce spring. I have nothing against the boss. I'm sure he's great. I liked Courtney Cox in his video years ago. Don't know a lot about him. I know his daughter was an Equestrian Olympian, but I don't know a lot.
48:13
Damian Dunn
About I just no, I don't have anything valuable to add there.
48:19
Peter Dunn
Well, all right, dame, let's do the final segment. Now, this is going to be a little tricky because I'm one screen, everybody. I'm one screen because I'm at home. I will note during that last segment, I did not get distracted by the handsome dad walked by. You should see him. He works out. He's got just like a ravishing smile. You don't care.
48:51
Damian Dunn
I'm not as.
48:52
Peter Dunn
Beauty is beauty, man.
48:54
Damian Dunn
I don't disagree with that. Don't disagree with beautiful, man. Like, if I were to say who's your favorite avenger? You'd almost certainly pick Chris Evans. Maybe. Oh, wow. Beauty is.
49:09
Peter Dunn
Favorite. Who's the most beautiful avenger? Is this getting weird, what's happening?
49:14
Damian Dunn
No, you just said beauty is beauty. And if you're going to pick, there are female Avengers, but you went to a male Avenger. So you're just recognizing that beauty is beauty.
49:23
Peter Dunn
I don't know. I don't know what's happening.
49:25
Damian Dunn
Chris Hemsworth.
49:27
Peter Dunn
He's an attractive man. Okay. I think anyone ever looks at you and they're like, wow, I feel little sweaty one. Ever think about that about you? No one ever thinks about that about me either. It's okay. We have other qualities.
49:44
Damian Dunn
Sure.
49:44
Peter Dunn
I don't think so. We don't think we do. Okay, this is going to be hard. There's my yoda, sir. Okay, hold on. This is hard. I cannot believe my kids did not bother the show today.
49:58
Damian Dunn
Well, you still got one segment to go.
50:00
Peter Dunn
Okay. All right. I'm going to try my hardest here. Okay. Oh, boy. Okay, here we go. Are you ready? Three, two, one. This week's biggest waste of money of the week, right here on the Pete the Planner Show is John Wilkes Booth swagger stick. On April 14, 1865, john Wilkes Booth shot and killed President Abraham Lincoln at Ford Theater in Washington, DC. When described on the day of the assassination, witnesses said held the reins of his gallant steed gathered firmly in his left hand, while in his right hand he carried a gold mounted whip, seemingly more for ornament than use. The item alleged is the actor's ornate swagger stick. The 20 inch 20 pardon me, I shorted him eight inches. The 28 inch cane features a can you imagine walking on a 20 inch cane he'd be hunched over. The 28 inch cane features a black wooden replacement shaft with a gold plated handle in the shape of a horse's hind leg.
51:15
Peter Dunn
It's engraved. Neil bryant to J. W. Booth. This feels like the subplot to National Treasure.
51:23
Damian Dunn
It does.
51:24
Peter Dunn
And was said to have been one of his prized possessions, having appeared in eleven different photographs of the assassin. It's a historic artifact that is currently up for bid. Dame, here's the thing about a cane that's got a golden horse hind quarter as the handle that was arguably involved with the assassination of a man. That's on the penny. Would you feel bad about buying this?
52:02
Damian Dunn
Only because I think it would be somewhat of a waste of money, because you're not going to do anything with it other than put it in the umbrella thing by the door.
52:12
Peter Dunn
I want to do a thing here. I'm imagining right now that I've purchased this, and I want to talk to you about how awkward it would be. I invite you over after you've finished plowing my driveway, and I invite you in, I'm like, hey, Good, what's your name? Damien Good. Yeah, thanks for the driveway plow. I want to show you something. I just got this. That's me walking. I walk in and I'm like, hey, man, check this out. And you're like, oh, what is that? It's weird looking. Oh. This is a stick that an assassin had when he assassinated the President of the United States. And so imagine that you're in this situation. Dame, what is your honest reaction to someone showing you oh, yeah, the assassin who killed a man was holding this, and now I own it.
53:02
Damian Dunn
I bought it.
53:03
Peter Dunn
What do you think?
53:06
Damian Dunn
I think it was really cool, actually.
53:08
Peter Dunn
I mean, it's interesting, but it feels pretty macabre.
53:11
Damian Dunn
It's, like totally right.
53:13
Peter Dunn
Like, I'm not into the macabre. So that's why the $50,000 starting bid is something I probably won't liquidate my depressed. Four hundred and one K to get into.
53:23
Damian Dunn
Pete, we work with somebody who would love this.
53:26
Peter Dunn
We do?
53:27
Damian Dunn
You don't think so?
53:28
Peter Dunn
I'm trying to think who would be?
53:30
Damian Dunn
They listen to podcasts about stuff like this all the time.
53:33
Peter Dunn
Oh, the murders. Yeah, we have some murderistas on our staff. Staff. This is a staff. Anyway, dame, what's in the news? This wait. Did you just do the you just did the dame but you did. Pete I did.
53:51
Damian Dunn
That was fun. Do you do your own taxes?
53:55
Peter Dunn
No. I did one year, and boy, oh, boy, was that a mistake. It was a massive mistake.
54:02
Damian Dunn
Did you get love letters from the IRS?
54:05
Peter Dunn
I don't know what happened. I just remember I think I tapped out and ended up calling in help. I don't know why it was the guy did them before that, and for one year I was like, I'll do it. And then I failed. And then I got him back to save me, and he's been my guy ever since.
54:20
Damian Dunn
Fair enough. But I may have something that might make you reconsider.
54:25
Peter Dunn
Okay. What is it?
54:26
Damian Dunn
If you use TurboTax to file your taxes, you now have the option to deposit your refund directly to a Coinbase account. The money can either be used to be deposited in US. Dollars or be sent to your account already converted to any of the hundred types of cryptocurrency available. Coinbase says the choices include stable coins that are pegged to a real currency. Please note that real currency and fluctuate much less than typical crypto coins. You won't be charged with any trading fees if you choose to get your refund in crypto, but you'll still be able to immediately convert your money into the cryptocurrency of your choice if you opt to get it in USD first.
55:03
Peter Dunn
People could do whatever they want. I mean, really do whatever you want, but come on. The weird thing is I'm sitting here thinking as you're reading that story, should something like this be regulated? Because I'm not, like, a hardcore regulation guy, but I also think there needs to be some regulation so people don't get hurt, because this seems like a problem.
55:28
Damian Dunn
It could be a big problem. There's actually a bill that was introduced on Thursday that would exempt bitcoin transactions from tax obligations if the associated capital gains are $200 or less, which opens that up to being allowing bitcoin to be used more of a currency in more transactional ways. But right now, as it stands, every time you sell bitcoin, you are generating a capital gain event.
55:56
Peter Dunn
Can I admit something?
55:58
Damian Dunn
Yeah.
55:59
Peter Dunn
I cheer against bitcoin as much as I used to cheer against Tom Brady.
56:04
Damian Dunn
Really?
56:05
Peter Dunn
Yeah, and I'm just being honest, and I don't love it about myself.
56:10
Damian Dunn
Can you imagine the confusion that would have happened if Tom Brady had gone to Indianapolis instead of Tampa Bay?
56:18
Peter Dunn
I could have gotten over it at the parade.
56:23
Damian Dunn
Oh, one of those guys.
56:25
Peter Dunn
What else is in the news?
56:27
Damian Dunn
Well, you want to go to college? Talk cars, Pete.
56:31
Peter Dunn
Let's talk cars. Because I know you know what? I'm a big carb guy.
56:37
Damian Dunn
Carb?
56:38
Peter Dunn
Yeah, carbohydrate.
56:39
Damian Dunn
Oh, I thought fuel injection versus carburetors. I thought were going to have a little discussion on fuel injection. There no used car prices may be starting to soften. The research is suggesting after surging through the pandemic by as much as 50%, prices in the used car market showed some easing in the last three weeks of January. According to car shopping app Copilot, for cars that are one to three years old, a category that has driven much of the price jump, the average cost is pete guessing game.
57:09
Peter Dunn
The dollar cost of the car or.
57:11
Damian Dunn
Like, the decrease one to three year old car. What is the average selling price for a used one to three year old car?
57:18
Peter Dunn
I'm about to embarrass myself and probably my entire family and our organization. Are you ready for this?
57:22
Damian Dunn
Yes. So close.
57:32
Peter Dunn
Well, I actually feel good. Like, I didn't want to overestimate, and people call me Bougie, so I'm glad.
57:36
Damian Dunn
I underestimated, which is down a little bit. From the high of 42,000 in early January, the price of 2019 models have slid by two and a half percent, while 2020 vehicles are down 4.4%. At the same time, dealer inventories have risen by 15% for 2019 cars and 22% for 2020 models. Older used cars average you want to guess? Older used cars prices four to seven years old. Up almost 50% from 20,757 before the pandemic.
58:12
Peter Dunn
That's crazy.
58:14
Damian Dunn
Yeah.
58:16
Peter Dunn
Well, I mean, how about an old truck that has a snow plow on it? Here's a question. If you had to or wanted to sell your plow and truck, what do you think you could get for it? Honestly? Do you know these things?
58:31
Damian Dunn
I looked probably last spring, and it was unbelievable. It would have been, like, between $10,000.
58:42
Peter Dunn
Wow.
58:43
Damian Dunn
Yeah, it was crazy. Absolutely crazy.
58:47
Peter Dunn
Do you have time for one more story? College?
58:52
Damian Dunn
Yeah. Okay. Michigan University sent email notifications to thousands of students notifying them about a scholarship award valued at $48,000 bytes. The email was sent in air.
59:05
Peter Dunn
What school is this?
59:06
Damian Dunn
Oakland University in Rochester Hills, 28 miles outside of Detroit. Michigan learned that due to a human error, their undergraduate student application system sent 500 admitted students email notifications. They were awarded with one of the university's highest awards, the Platinum Presidential Scholar Award, valued at $12,000 a year for four years.
59:25
Peter Dunn
That seems bad.
59:27
Damian Dunn
Yeah.
59:28
Peter Dunn
And here's the thing that's unfortunate, but all those 5500 people shouldn't be entitled to that. They can get over it, but, you know, there's going to be some sort of weird class action lawsuit.
59:40
Damian Dunn
Yeah, totally. They weren't the only school either, but go ahead.
59:44
Peter Dunn
Dame, thanks for being on the show this week. Everyone else, thanks for listening. Stay safe, stay warm, stay off the roads. If they're bad, I don't know if that helps. Sending good vibes. Good vibes are all within budget. I'm Pete the planner. That's the show.
01:00:00
Damian Dunn
I don't know why I started that.
01:00:02
Peter Dunn
Why.
01:00:04
Damian Dunn
I was about to say, the other school that screwed up.
01:00:07
Peter Dunn
Oh, who was the other school?
01:00:10
Damian Dunn
Central Michigan University.
01:00:12
Peter Dunn
Oh, okay. I don't know anything about that. Rick Swink makes it in. Rick, thanks for being here. Podcast people are like, man, I got to hang out with Rick Dame last week after the show. You're like, oh, do you know Rick? I'm like, no, I just love the name Rick Swink. I might know Rick. Rick, maybe we know each other. I have a terrible memory, but I'll just say this. I love the name Rick Swink, and I'm in.
01:00:36
Damian Dunn
There you go.
01:00:37
Peter Dunn
So, Dame, anything else you want to add? Because I have to go. I have a lot of important things. My email inbox is filling up. And I'll tell you this as soon as we get off the air, and depending on what the email says, may be shooting you with slack one way or the other.
01:00:48
Damian Dunn
Do you want to see if the email's there?
01:00:50
Peter Dunn
No, siri, I don't.
01:00:57
Damian Dunn
All right, well, patiently wait to see.
01:01:02
Peter Dunn
If I will do this. I will send you a slack either way. Just say no big deal or a big deal. Guys, I'm going to be on American Idol.
01:01:12
Damian Dunn
That's it. That would be a big deal.
01:01:16
Peter Dunn
I don't think so. I mean, whatever. I think Clay Aikens running for some political office, though, for what it's worth.
01:01:22
Damian Dunn
He's ran previously. Was it North Carolina that he's in? Maybe previously. I think he ran for House of Representatives, if I remember correctly.
01:01:30
Peter Dunn
Yeah, I mean, if Clay can take the heat.
01:01:34
Damian Dunn
I mean, they get stuck in a kiln, right?
01:01:37
Peter Dunn
Okay, good day. Stay getting money.
