Peter Dunn: [00:00:00] Picture this, it's your Superbowl and I don't mean the Superbowl. Like I'm a player in the Superbowl. It is my Superbowl, which is Thanksgiving day at my home with my family or in Spanish, La Familia and everything's going well because on that day I cook seven different dishes. People like, what can I bring?
And I tell them to bring something that doesn't matter. Oh, you bring the rules. Oh, you bring a salad. No one wants a salad on Thanksgiving because it's my day. It's my Superbowl. I'm the coach. I'm the player. I'm the ref. I'm Janet Jackson. And on the, Kristen, don't laugh out loud. This is the cold open.
You're not even on the screen yet. And on this day, 2024, my super bowl, everything was great. Stress was low. The Turkey had been spatchcocked. And it comes to the mashed potatoes. Now, Mrs. Planner, a few weeks earlier had made us a lovely dinner at home and [00:01:00] she made mashed potatoes and I don't know how she made the mashed potatoes.
Other than I go, these are amazing. And she said, they're frozen mashed potatoes from Trader Joe's. And I said, that would save me a lot of time on my super bowl. Grab three packs of them. So I had an experience with these frozen mashed potatoes. For the very first time on Thanksgiving day, they are pellets.
They look like when you aerate your lawn, Dame you're not on screen yet, but when you aerate your lawn
Damian Dunn: absolutely.
Peter Dunn: Little pellets start to heat them up. The, it took a while cause they're frozen on the package that says it's going to take eight to 12 minutes. We're at the 17th minute mark 17 minute mark and I'm like they gotta be good to go Put all the dishes out to serve people start to serve themselves mashed potatoes They take their first bites and as I welcome the rest of the crew to the show today It was the texture and temperature of ice cream.
So cold. I then [00:02:00] took my, my infrared temperature gun and pointed at 36 degrees. I served 36 degrees mashed potatoes on my Super Bowl because Mrs. Planner made good mashed potatoes and I said, I want these and then I messed it up. So Dame, the question is to you, as always. It's her fault, right?
Damian Dunn: No, you didn't turn the heat on.
Did you?
Peter Dunn: No, I did. It's just, there were so many frozen.
Damian Dunn: Get over. Yeah.
Peter Dunn: Okay. Hello everybody. We got Rick Swank. We got Tom, Dan, Andy. Hello, Cheryl, Jason Quincy, and the Rev Sarah Renfro. And I share a birthday, which was last Friday. And it was, no, it was great. I'm old. Hello, Kristen.
Kristen Ahlenius: Hello.
Peter Dunn: Kristen, I saw you this morning via video and the first thing I said is I love your hair.
And you said, thank you. And you did not return a compliment. And as we know, when one person compliments you, you can accept it. And as Midwesterners, you [00:03:00] have to up the compliment with something more dynamic and you did not.
Kristen Ahlenius: You don't accept compliments. Why would I do that?
Peter Dunn: Moving on to Damien Dunn. How are you, my friend?
I'm wonderful. That sweater is amazing, Peter. Thank you. I wore this sweater for a very specific reason. It is a pug and a scarf because the pug won the Westminster kennel dog show Vito, the pug was the champion of the year. And so this is an honor of that. Dan, thank you for the compliment.
Now for those joining us on the live stream, which if you don't join us on the live stream, number one, the pug visual sweater reference is lost on you as is Kristen's. Okay, hair, but I will also say that there's a fourth member of the program today. A set of threesome. We have a foursome today and that foursome is Involves none other than a person.
People call Dougie deadlifts in his personal life. His name is Doug Collins. He's the vice president of [00:04:00] product at your money line. Some call him the most interesting man in the world. And it's hard to disagree with that. And he joins us on the program today. Doug, welcome to the show before the show.
Which is a show within a show. Hello, Doug. Hey, happy
Doug Collins: to be here. Thanks for having
Peter Dunn: me. Ooh, inauspicious start. Okay. Here's just kidding. Doug is on this show for a very specific reason. Oh, Jeremy wants to know, do you rock? Doug, I do not rock. Sorry, Jeremy, but here's the thing, Dame, we've known Doug a long time.
How does Doug not rock?
Damian Dunn: I don't know, but I was deadlift. You really have to rock.
Peter Dunn: That's a good point. Doug recently hit the thousand pound mark once again on the three major lifts. Doug, give us your bench. What do you got there, buddy? P.
Doug Collins: R. 267.
Peter Dunn: He could get up.
Doug Collins: Gosh, the whole weightlifting crew is listening today and they are going to roast [00:05:00] me after the show.
How about
Peter Dunn: Your your deadlift is what?
Doug Collins: PR 435. Nice.
Peter Dunn: And your squat?
Doug Collins: 385.
Peter Dunn: We're not here to talk lifting. Kristen, why is Doug here?
Kristen Ahlenius: Doug is here. Because he's a Bitcoin enthusiast and apparently we've hit 2000 never.
Peter Dunn: Yeah. So Bitcoin hit $100,000 per coin on the 5th of December, maybe overnight on the fourth.
I just know I woke up to a text yesterday morning from Doug saying I'm on the show with a bunch of profanity, , Doug. Is that true?
Doug Collins: That's partially true. You did wake up to a text from me, but it was, there was no profanity.
Peter Dunn: Dame, we are a bit of a crossroads as we start the program here in just a moment as we're going to talk Bitcoin most of the show today.
So Dame, you and I, we're going to leave Kristen out of the decision for her own good. But Dame, you and I are at a crossroads. [00:06:00] Bitcoin is currently under a hundred thousand dollars.
Kristen Ahlenius (2): It is at 99,
Peter Dunn: 085. So do we go rain check here with dog or what
Damian Dunn: do we do? That would be the cruelest thing we've ever done to anybody.
If we were to do pull the rug out from underneath them at this point. No, we have to soldier on.
Doug Collins: I've been afraid that this was going to be a Jimmy Kimmel situation where it's like, Oh, apologies, Matt Damon. We're out of time. Like I've been waiting for that.
Peter Dunn: Doug, I don't know if you've ever watched the show or listened to the show or whatever, but this this is the podcast part and we're about to get into the radio part.
Dame I'm often accused and Kristen, I'm often accused, especially in these hallways of your money line of being a massive tease as it relates to news coming down the pike. Am I
Kristen Ahlenius: not? Yeah. Not you.
Peter Dunn: And so I just want to say. [00:07:00] In the coming weeks, there's gonna be some really interesting stuff on this show.
Look at Dave, he's so upset.
Why don't you like that, buddy? It's true! Okay. Okay. Sure. The audience will grow. Significantly. In the next couple of weeks. So that means we're gonna have Okay. We're talking.
Kristen Ahlenius (2): Yeah. Okay.
Peter Dunn: Good thing we're having Doug on now. Okay. So Doug, you sent me an agenda of things you wanted to talk about. I did not read it, so we will get, what,
Doug Collins: what's wrong?
I did not send an agenda. Oh, you sent me bullet points last night. I just said, Hey, I, I put a couple notes together and it falls into these three logical buckets, take it or leave it, but here's how I think we could decompose the combo. We may leave it. Let's find out. Chat GPT. I did that, Kristen, not chat GPT.
Peter Dunn: All right, [00:08:00] Doug. Are we ready, kids?
Kristen Ahlenius: Does he know how long the segments are? Oh,
Peter Dunn: Doug, let me show you how the show works here. Do you have a timer in your booth there? Sure.
Kristen Ahlenius: He has a phone.
Doug Collins: I've got a phone.
Peter Dunn: You know what I could do? Do you guys want me to go live stream Doug broadcasting real quick on the feed?
Doug Collins: Oh my gosh.
Peter Dunn: Let's do that.
Doug Collins: You guys.
Peter Dunn: Hold on a second. Hold on. This might work. Let's see if I can get this going. I won't be able to hear you, so Dame, you're going to have to do the stuff.
Damian Dunn: Good.
Peter Dunn: Okay, hold on.
Damian Dunn: So once again, Pete is abandoned this. Oh yeah, I can hear you now. Hold on. Oh, show host. Oh, okay. Oh yeah, this is happening.
It 9 22 9 9 49 40 are the segments. 9 22 9 23. 9 49 40. Pete will do a nice job of letting know when it's coming, but there is, Pete is walking through the office. For those of you there.
Kristen Ahlenius: Thank you, Dan. On a
Damian Dunn: live stream. If you're not, and you're listening to the podcast, this is absolutely the worst podcast you've ever seen.
And there he [00:09:00] is. You're in what? I'm in nickel,
Kristen Ahlenius: Nickel. Yeah.
Damian Dunn: Today, Pete is making his way back across the main floor past our beautiful Christmas tree and then into his office. He'll be hooked up again here really shortly. Kristen, is this the best? Possible podcast entertainment. We could have delivered to somebody as the prototype show that somebody's going to be listening to, to determine if they want us on their platform.
Kristen Ahlenius: We've all been fired.
Damian Dunn: What I miss. I just was questioning whether or not this was the best version of the podcast. We could have shared with some, whether or not they wanted us on our platform. And the jury is out.
Doug Collins: Now I see why you had me as the guest today because if for some reason it doesn't get picked up by the new provider, I'm the fall guy.
Now I got it.
Peter Dunn: Okay, let's oh, Doug, this is a nine minute and twenty two second segment. If you, if when you're going, just try to keep an eye on the screen because if I give you the old wrap it up like this. [00:10:00] That means you gotta tighten it down.
Doug Collins: Lay in the
Peter Dunn: plane. Lay in the plane. Oh, Dougie Deadlifts gets a call out in the chat.
Oh my
Doug Collins: gosh. Oh boy.
Peter Dunn: Hi Carol. Okay let's see what happens. Magic in three, two, one. This week on the Pete the Planner show, we answer your money questions. Here's how the show works. You email us askpete at petetheplanner. com. That's askpete at petetheplanner. com. And here's what might happen. We might. We just might answer your question on the air.
And if your question over the last few years is when will Bitcoin reach 100, 000 per coin? We have an answer for you today. And that is why the entire do not turn off the entire episode to some degree is dedicated to understanding Bitcoin. This is something we don't talk a lot about on this show.
It is. I will stay still controversial in [00:11:00] nature. And so Dame, Kristen and I typically don't talk about it. Hello, Kristen. You're here as well.
Kristen Ahlenius: Yeah. Hi.
Peter Dunn: Dame is here. Hello. Good day. So Dame and Kristen you and I have the great fortune of working with a colleague who is a Bitcoin enthusiast.
And within the last couple of years we made the promise that when Bitcoin crested a hundred thousand dollars per coin, we would have him on the show to talk about his excitement and how Bitcoin works. This gentleman's name is Doug Collins. He's from Vigo County, Indiana by birth. Now lives in central Indiana.
Hello, Doug.
Doug Collins: Hey, how's it going?
Peter Dunn: Doug is a vice president of product at Your Money Line, which is a company that all of us work. Kristen, when you saw that Bitcoin was trending up recently, post election specifically,
Kristen Ahlenius: we
Peter Dunn: knew this day was coming, did we not?
Kristen Ahlenius: We did. We did. There have been many messages exchanged [00:12:00] and screenshots of Bitcoin prices, especially in the last few weeks.
Peter Dunn: And Dame, anytime a security or currency or whatever Doug's going to call it here in a second tends to go up significantly in a short period of time. And then you talk about it. It makes it feel like you're recommending that security or currency. Can you help us understand whether today is investment advice or not?
Damian Dunn: As always the general rule is kids, this is for education and entertainment purposes, not investment advice, nor guarantees on future performance, Doug.
Peter Dunn: Let's talk Bitcoin. What in the world is digital currency?
Doug Collins: Hey, I'd love to start at the beginning just to set the stage here. So on October 31st, 2008, a person under this or people under the pseudonym.
Satoshi Nakamoto released this white paper and the title of the white paper was Bitcoin, a peer to peer [00:13:00] electronic cash system. And really what it is this, as it says, a peer to peer system. That completely eliminates banks and other financial institutions as an intermediary to lending, borrowing, or making payment for goods and services.
Peter Dunn: So it's like Venmo or PayPal without the banks being on either side of the peer to peer transaction. That's right. That's exactly right. So Dame I'm hearing this. And I'm thinking even if I were to hand you cash, let's say you had a goat, I wanted to buy your goat. So I give you the going rate, which I believe is 38 bucks or so.
I go, I buy your goat. That cash is still, it is a currency, but it's backed by the United States government. And so this Bitcoin game is different than that.
Damian Dunn: Yeah. Full faith and credit of the United States government for good old greenbacks Bitcoin. I
Peter Dunn: don't know. So Doug, someone has to find value in this made up robot currency of yours.
[00:14:00] Yeah,
Doug Collins: that's right. I think it'd be helpful if we go back, maybe we should start with the why. And I think the why might inform some of the questions and understanding. So can I run through like why Bitcoin, why digital currency? Yeah, of course. So I think the first thing Satoshi, whoever this Satoshi is, we still don't know.
A lot of people have claimed to be Satoshi and they're not. But there were a list of five or six things that really motivated the creation of Bitcoin. And the first one was the systemic failures we saw from the banking and financial industry. And in 2008 we had these mortgage backed securities that were bundled up and sold and we knew they were toxic assets after the fact.
So that was one of the motivating factors. I think the second one is all of the fees that banks charge. Like they charge an incredible amount of fees and that makes up for a lot of the revenue that these banks make. So for example, like according to consumerfinance. org in 2019 banks and credit unions that had more than a billion dollars in assets [00:15:00] made 15 and a half billion dollars just based on overdraft fees and insufficient fund fees.
And can I pause
Peter Dunn: real quick? Yeah. First one, resume. Kristen, the first one makes sense, right? The first thing is the stability of the banking industry. That was scary. I know that you are younger than I am, but even in 2008, did you have some anxiety during the housing meltdown?
Kristen Ahlenius: I always have anxiety, but yes, I did.
Peter Dunn: Dame, the second one fees, I'm not saying I don't buy it, but what I, and we all know there are banking fees. But I, there's also a lot of free banking services that we get on a regular basis. Do you think we're into swipe fees now? Do you feel like we're in credit card transaction fees? What do you think are the fees that we're talking about?
Damian Dunn: Yeah, it could vary fees. If we're really thinking about this on a macro scale, how would this impact the bottom line of businesses across the country who [00:16:00] are sacrificing somewhere between, one and a half to 3 percent of every transaction towards. Paying for credit card swipe fees. So if there was a medium of currency that could come in and say, you don't have to worry about that, that can make significant difference to the revenue generated revenue retained by businesses all across the country.
So it could be a.
Peter Dunn: Yeah, so Doug, so that's to say, if you and I do a transaction together and I sell you something, I'm then getting instead of 97 percent of that, I'm getting 100 percent of that. And that matters, especially with the size of transaction. So that's number two. What's number three?
Doug Collins: Number three, I think is the one that the three of you are really going to resonate.
And it's the fact that centralized banks exclude a lot of people from banking. So when you look at people who. Live in underbanked or unbanked regions of the world. I say the world intentionally. This obviously was not created just for the United States. But when we look at the U. S., like one in four adults who make 25, 000 or less per year are [00:17:00] completely unbanked.
So whoever the satoshi is, they wanted to create a system. That included everybody democratized the ability to transact.
Peter Dunn: All right, Kristen, again, I'm not trying to be to find a fault with this, but I think to understand it is to try to at least poke holes in it. Do you feel like the unbanked are using Bitcoin?
Kristen Ahlenius: See, that's where I fall short is that's the argument, but it is that the person who's out there buying and using Bitcoin, I feel like the answer is no, but maybe I just don't have enough exposure. Maybe I don't know.
Peter Dunn: Yeah, Doug. Again, the reason for starting this whole digital currency thing, there could be motivations, some more important than others, some more reasonable, realistic, and practical than others.
This one feels like it falls down a little bit, right?
Doug Collins: I would have agreed with Kristen did a little research for the show, believe it or not. And there's a report from the FDIC that actually indicates that underbanked households are more [00:18:00] likely to hold crypto. I was surprised by that, frankly.
Kristen Ahlenius: But is that because I sat through a research seminar on why people are buying crypto? Is it because they're actually using it as currency or because people use crypto as gambling?
Doug Collins: I think it's both. To say that There's not some speculative investment and hope for big returns is, would be intellectually dishonest.
A lot of that goes on. And frankly, I think a lot of that taints the industry as a whole.
Peter Dunn: Got about a minute left or so,
Doug Collins: Doug, can you hit the next two? Maybe, we talk about unbanked and fees. I think the bailouts, one of the things that Satoshi talks about is these massive bailouts, the banks all got bailed out.
They were considered too big to fail on. It wasn't just banks in the United States. It was banks around the world. There was only one banker in the United States who went to jail for the mortgage backed securities. Crisis that we, that we all experienced. Bailouts and then lastly, centralized control on inflation.
Dame talked about, Hey, greenbacks rely on full [00:19:00] faith and trust in the United States government. I Satoshi clearly wanted to create a trustless system that did not rely on some sort of centralized institution to manage that currency, because when it's controlled by what
Peter Dunn: we'll do is we'll take a break, come back with Doug and you'll learn even more about Bitcoin.
All that's next on people in show. I'm Pete the Planner.
Damian Dunn: Doug, rule 57. You never take Mellencamp away from the people.
Peter Dunn: What? Go ahead, Dame, explain it. What is that? He doesn't watch
Damian Dunn: the show at all. On the radio show, we have, our intros and outros are various John Cougar Mellencamp songs. And so if we cut it short, if we cut a segment short, we always say more Mellencamp for the We never take away Mellencamp from the people.
We don't run low.
Peter Dunn: Kristen, one of the things I've learned in life is angering Dame is not something I choose to do voluntarily. But in this moment Kristen, is his connection bad? It's [00:20:00] not good. Oh no! I know. Can I look at it real quick? Yeah. Pop off. Alright. Sorry, brother.
Kristen Ahlenius (2): It's alright.
Peter Dunn: Yeah, I didn't want to tell him.
It's just Hey, you've broccoli in your teeth. By the way, you're on 14, four dial up, right?
Kristen Ahlenius: Dial up is far slower.
Peter Dunn: Doug you've been in the technology game for quite some time.
Kristen Ahlenius: Yeah.
Peter Dunn: What did the very first personal computer you purchased cost?
Doug Collins: I know the answer to that. It was it was 3, 000 and it was in 19.
I think it was 88, I think 3000 3000 and that my uncle got it on his discount for working with GTE. It would have been more than 3000. Yeah.
Kristen Ahlenius (2): What? Yep. Doug, I assume
Peter Dunn: this is someone in your weightlifting group that's saying they're enjoying you on the show.
Doug Collins: Oh boy. That's Brian.
Peter Dunn: Yeah. Okay.
Doug Collins: Shout out to the weightlifting crew.
Arter strength.
Peter Dunn: I don't know what any of that means. [00:21:00] Kristen. Oh, sorry. Name's back.
Damian Dunn: What do we think, Dame? I don't know, you're sounding clear and not skipping like you were before, so hopefully, I changed the different Wi Fi network I was on, so hopefully I'm getting a little bit
Peter Dunn: better. Lace the gerbils, we're ready to go.
Doug, where does this go next? Oh, look at the great gardener joints. Wow. Where's this go next? Doug,
Doug Collins: I think we should talk a little bit about blockchain. I know, obviously you guys want to hear my prediction and you want to make fun of my prediction on where this thing's going longer term.
And also
Peter Dunn: do you have some history on where prices have been the last two to five years? I do. Yep. Okay. Let's start there. Yeah. And in the blockchain, we won't get into predictions yet. But we can also talk about from our perspectives, Damon Christian specifically, how do most Americans use. Bitcoin, like what is the actual utility of it all?
Okay. Here we go. Our
Kristen Ahlenius: coworkers who normally do not care a lick [00:22:00] about this show have showed up for
Peter Dunn: former coworkers.
All right, here we go. And three, two, one back on the pizza planner show talking Bitcoin today. Do not turn off your radio. Don't do it. Don't turn it off because here's the thing. I don't really, I'm not a Bitcoin guy myself. However, I do like to learn about it. I do like to understand others take on it.
Fact of the matter is in the last couple of years, specifically Bitcoin as a currency the value of one coin has increased so significantly that one coin is now approximately worth 100, 000 American dollars. Joining us to discuss that, of course, as always, is Kristen and Dame, but Doug Collins, Bitcoin enthusiast, which is like a trick kite enthusiast, but, with more vanity plates.
Doug, what percentage of people who own Bitcoin [00:23:00] have a vanity plate on their electric car?
Doug Collins: I don't know the answer to that question, but I do know that my PTP BTC plate is on the way.
Peter Dunn: Alright, Doug how much has Bitcoin increased in the last couple of years?
Doug Collins: Man I look back at you go back to 2016 and the high was under 1, 000.
So eight years ago under a thousand bucks. So it's, hundred fold in the last eight years.
Damian Dunn: That's around the same time, Pete. If I remember, you bought Bitcoin live on the show. Yeah, I did.
Peter Dunn: I don't remember. I think I don't, you guys, for me to say I don't remember is. Yeah, I think I bought 2, 000 worth and I think I bought it was around nine to ten thousand dollars So Doug, that'd be what worth like 20 25 grand or something like that.
Yeah, I also bought litecoin Can we talk real before we go too much deeper? Bitcoin is a [00:24:00] cryptocurrency But there are other cryptocurrencies, like what, why are there different ones? Do we have to understand the blockchain to understand why there are different cryptocurrencies?
Doug Collins: There are different use cases.
So with Bitcoin, one of the things that it's a common misconception is that Bitcoin is anonymous. It's actually not, but some of the cryptos that are out there are actually created to maintain complete anonymity. And so when you talk about crypto, it's a really big tent. There are a lot of different tokens with a lot of different purposes.
And I don't know how deep I can go in that conversation, Pete, but I do want to go back to something Kristen said earlier, like what was original intention and what's happening now? I think it originally Bitcoin was intended to be a peer to peer cash system and it's converted into digital gold.
That's how a lot of people refer to it now. There are other cryptos for different purposes. that are meant to do transactions, and they do as many transactions per second as the Visa credit card network. Bitcoin is not one of those.
Peter Dunn: Doug, do you [00:25:00] think the excitement around this has to do with the Pauper to Prince stories that pop up all over the place?
Everyone feels that's aggressive. A lot of people know people who have made a lot of money on Bitcoin. Do you think that's why this is exhilarating?
Doug Collins: Certainly there's a slice of the population that sees this the same way they see the lottery. Hey, I could put in a few bucks and I might get lucky and, get wealthy.
Yeah.
Peter Dunn: So let's do this at the risk of making anyone uncomfortable. Kristen, do you know anyone directly that has made a great deal of money on Bitcoin?
Kristen Ahlenius: I do.
Peter Dunn: How many figures? Are we talking five figures, six figures, seven figures, or more?
Kristen Ahlenius: Less than that. I think most people, I think most people that I know are seeing like a quick return, but they're scared of this thing that they don't necessarily understand.
They make some money and they run away from it. And then it's the [00:26:00] coulda shoulda woulda I should have stayed invested. Like we just had that conversation about you buying Bitcoin on the air. Most people in my experience are doing that very thing. They get too scared of it and they run away.
Peter Dunn: Okay. So inconsequential amounts of money, although nice.
to make is what you've seen. Dame, do you know anyone who's made significant money? Cryptocurrency over the years?
Damian Dunn: I haven't confirmed this with the gentlemen, but I had had the pleasure of knowing somebody a number of years ago when Bitcoin was still in its infancy. And this guy was in college studying to be a, IT guru.
And he was just begging me to just go put some money in. This is when bitcoins were a hundred bucks or less a piece. Just go buy some and just forget about it. You'll never regret it. And I was like, I don't understand it. It doesn't make any sense to me. It's a video game, blah, blah, blah. And I didn't do it.
And I fully believe that he took his own advice and had some Coin stashed away somewhere and I bet he's sitting on a pile
Peter Dunn: real quick Dave Do you
Damian Dunn: [00:27:00] regret over not pulling that trigger? It's just like any other investment at that point it's could have shoulda would I there's investments that I regret selling when I did and if I would have held on to him I would have made lots and lots more money But the you never hear the other side of that coin the losses on the other side either So it's just one more thing.
I missed out on Doug.
Peter Dunn: I You yourself are a holder you hold all coin. But you also happen to know some people who've done some interesting things, right?
Doug Collins: I do. I, there was a guy, a friend of mine, man, this was back 2014, maybe 2013 when it was still, 10, 15, 50 bucks. And he's man you gotta get in, you gotta get in.
And I just didn't understand it back then. And he had a portfolio of rental properties. Sold them and went all in on Bitcoin,
Peter Dunn: all in. So can you quantify with just number of commas that you think are involved with his wealth generation since then?
Doug Collins: Definitely two commas for sure. I sent a [00:28:00] millionaire, if not billionaire is my guess.
Peter Dunn: Oh, Kristen made a face. Here we go.
Kristen Ahlenius: Here's my thing with those stories though, Doug, is that the idea that along the way someone wouldn't start to do some really strategic diversification is always what gets me is maybe this person did, but most people, when they get over a certain threshold of gains, they have this number in their head when it doubles, when it triples, whatever.
It's I'm walking away from this because I made my money.
Damian Dunn: Yeah. Pete, do you buy that? Do I buy that people have diversified as success has come know that they say, I'm only going to make this much and then I'm going to get out.
Peter Dunn: No. Have you ever been a casino? Yes. Yeah. We all leave empty pocketed.
Doug. Again, I love that you're representative of all cryptocurrency investors today. That's your role on the show. So it's inherent, fair and unwinnable. But again, if it's just an [00:29:00] investment or it's a gamble, it's fun money, people are just going to act like they do with any other.
Entity to Dame's point. Doug, where's this going? Where we'll do blockchain next, the next segment we're going to get blockchain, but like, where's this going? We're at a hundred thousand dollars a coin. What makes us think it's going to go higher? What makes me
Doug Collins: think it's going to go higher?
Peter Dunn: Sure, because I said us, but I don't, but go ahead.
It's you.
Doug Collins: We've got a lot of countries right now that are considering strategic Bitcoin reserves. We've got states within the United States that have adopted legislation and have new legislation within their Senate to allow them to invest part of the funds of the state into Bitcoin to diversify their balance sheets.
Peter Dunn: Do you believe that these government officials understand Bitcoin?
Doug Collins: The government officials, probably not the people advising them, I would assume so, but [00:30:00] serious countries considering strategic reserves, Switzerland, Canada, Singapore, Germany, Japan, Portugal. Developed countries, right?
Kristen Ahlenius: This is not investment advice.
Doug Collins: This is not investment advice.
Kristen Ahlenius: I feel like we need to throw that in there.
Doug Collins: That's what the three of you were concerned about with me being on the show today. Don't say anything that sounds like investment advice. You can
Peter Dunn: say it. We'll just disclaim it. But sure. Sure. But Doug, to, to your point, and you and I, of course, have talked about this off the air, but I always say, save it for the air.
I, I gotta know so with the Trump administration coming back into to the White House and with how he's talked about cryptocurrency in the campaign, it does feel like a moment before. A moment. I don't react to that because we've got to take a break. We've got some John Cougar Mellencamp to play for the people.
All this and more next on the Pete the Planner show. I'm Pete the Planner.
Kristen Ahlenius: I thought you were setting him up to do that again. I was like, that's so
Kristen Ahlenius (2): cruel. [00:31:00]
Peter Dunn: I think my cruelty is over. The hazing's over. But it does feel like we're setting up, like there's a lot of things falling into place.
Kristen Ahlenius: I have a question. I heard an analogy, Doug, that
Damian Dunn: Should this be on the air?
Kristen Ahlenius: We already talked about it and went past it. And I just want to make sure that Doug feels like this tracks. I heard an analogy that cryptocurrency is more like a search engine. And then Bitcoin is like what was potentially Yahoo.
If someone was betting on a search engine a number of years ago, they would have bet that Yahoo was the search engine. And that's how we collectively see Bitcoin. But Bitcoin is like a Yahoo or a Google. It is not cryptocurrency, which I think a lot of us tend to equate it to, but it's just because it's the name that we currently talk about.
That analogy tracks, right?
Doug Collins: I don't know if I'd say it's analogous, but I would say that Bitcoin is the preeminent cryptocurrency. [00:32:00] It's one of many. Yeah, Bitcoin in and of itself doesn't represent the totality of cryptocurrency.
Peter Dunn: Doug, did you just load up your weightlifting guys to come on the show and comment today?
Doug Collins: Man, there's that. Look at that. Shout out to Adam.
Peter Dunn: Yeah, he's got an extra M in his name.
Doug Collins: I think this is going to help the show approval guys for the, I think
Peter Dunn: take it easy. Don't tip your hand too much. One thing, here's what I want to talk about coming back. Maybe a little bit more into blockchain.
Where do you think this is going? Go ahead and make your bold prediction. Yep. Also, I want to talk about okay, so let's say someone wants to have a flyer, have a speculative investment. We'll let the CFPs talk about what percentage of a portfolio might. Be appropriate and go from there.
Doug Collins: I've got some interesting statistics on BlackRock's fund for Bitcoin and gold as well.
Damian Dunn: Everybody trusts BlackRock.[00:33:00]
Kristen Ahlenius: You're not supposed to fire Damien. By the
Doug Collins: way, this is one of the things, this is one of the purposes behind the creation of Bitcoin, right?
Peter Dunn: Damien, are we Lack of
Doug Collins: trust.
Peter Dunn: I read an article this morning Difficult to trust
Kristen Ahlenius: anonymity. Nevermind. Go ahead.
Peter Dunn: Dave, I read an article this morning about the Department of Government Efficiency, DOGE, which, again, and I saw some of the proposed cuts for the first time, and I just have such, I don't actually have mixed feelings, but I was curious to how you will view these things, because I know you believe government has a lot of waste, actually, most people believe there's a lot of wasteful spending.
It gets you very upset and then I'm, but some of these cuts are pretty fascinating that we're seeing. Have you seen the reports? Yeah.
Damian Dunn: If you've got a list, I'm happy to give you a live on the air reaction to are you sure some of those cuts? Yeah. Bring them.
Kristen Ahlenius: Those listening to the show, not watching Dame is like adjusting his microphone.
He is so prepared for this wall.
Damian Dunn: If you're not mad at government [00:34:00] inefficiency and overspending, what's wrong with you?
Peter Dunn: Oh, boy. Come on. All right. Hold on. I gotta find the list here.
Damian Dunn: There was a rogue tweet. While you look, I'll say it last night, some report given in a Senate committee or I don't know, somewhere said that only 6 percent of the federal government shows up. For 40 hours a week, 40 hours of work a week.
And if you remove custodians and maintenance, it's a slow down. Say it again. Say it again. Say it again. 6 percent of government employee, federal government employees show up in person for 40 hours a week. If you remove custodians and maintenance employees, it goes down to one,
Peter Dunn: but that doesn't mean they're not working 40 hours a week.
It means they're not physically driving to a place, burning fossil fuel. I'm just kidding about that part. And it means they're still working. Are you saying. Dame, you're a remote employee. You show up zero percent to work every week. That's great.
Kristen Ahlenius: See wait a second. Takes notes.
Peter Dunn: Both [00:35:00] Kristen and Dame are remote employees.
Dame, you're saying your argument here is you yourself are not doing effective work.
Damian Dunn: No, that's not what I'm saying at all. I'm just saying that when you have that large of a percentage that doesn't show up to work on a regular basis, Are they A, being as efficient as they could, and B, are they all needed?
Peter Dunn: Okay, so this is a report from CBS News. CBS News. Now, of course, choose to find that good or bad. I don't really know. I'm fine with it. There are 516 billion dollars being proposed as the earliest cuts of government spending.
Damian Dunn: It's not enough.
Peter Dunn: Doug, do you see how upset he gets on this topic? He
Kristen Ahlenius: gets very upset.
Peter Dunn: Okay, we're going to go full screen on his face. Okay, let's go full screen. Solo layout on Dame. Dame, the [00:36:00] first one is 119 billion cut. A big one. You ready? Yes. Take your hand away from your mouth. I want to see the full face here. Ready? Veterans health care.
Damian Dunn: No. You know what? Cutting veterans health care?
Peter Dunn: Yeah, 119 billion dollars to be cut from veterans. Healthcare. The V. A. Dame. Talk to us about government cuts. Go ahead. You're up
Damian Dunn: the whole program. I'm sure it's not the whole V. A. Program. And if it is, then they're talking about reallocating some of those dollars to some other private health insurance or health coverage.
But there's no way they're going to remove all health care for veterans. No way.
Peter Dunn: Dame, you're up next. Here we go. 48 billion for opioid treatment and drug development.
Damian Dunn: Why is that the, oh, wait, say the opioid and treatment and drug development. [00:37:00] No.
Kristen Ahlenius: Separate things. Treatments and drug developments.
Damian Dunn: I, I don't understand why the federal government would fund opioid drug development and treatment seems like it could be done on a state level.
All right. 37
Peter Dunn: billion for housing assistance.
Damian Dunn: That's it seems again could be a state by state program.
Peter Dunn: Did I mention 119 billion for veterans health care?
Damian Dunn: Yeah, and I'm dubious on what's actually gonna happen there.
Peter Dunn: Head start 12 billion dollars.
Damian Dunn: State program.
Peter Dunn: This is as predictable as Doug about to say that bitcoins going to a million in the next segment.
I'll give you one more. Sure. State program.
Damian Dunn: State housing grants. The cut out the middleman. Just leave it to the state. All right. We don't need a whole bunch of people saying, yeah, we're going to give this money back to [00:38:00] the States when it came from the States. Just stop. It makes sense. It makes sense. You're very dependable. Not my fault.
I'm voice of common
Peter Dunn: sense around here. Doug, any comments on government cuts or do you want to punt?
Kristen Ahlenius: I'm going to punt.
Peter Dunn: See, I told you Doug's smart.
Kristen Ahlenius: It's not what he knows best. Let's get back to the. Imaginary money. I'm trying to figure out what I
Doug Collins: do know best, but
Peter Dunn: I think we'll get there. This segment is 9 minutes and 40 seconds, Doug.
Just to throw you a little bit of a curveball, which begins in 3 seconds. 3, 2, 1. Back on the Pete the Planner Show, it's the Bitcoin episode. Why? Bitcoin has crested. It's a decent verb. 100, 000 per coin and because of that, I made a promise and I tend to keep my promises to have Doug Collins, a colleague of Dame Kristen and I's on the program.
He's a Bitcoin enthusiast a Bitcoin holder. And a technology expert to [00:39:00] help us understand Bitcoin. Doug, we're at about a hundred thousand dollars per Bitcoin. Since you've been on the air manipulating the markets, Bitcoin's up about a hundred dollars, your reach is far and wide. Where's this going, pal?
Where are we going? Where's Bitcoin going?
Doug Collins: All right. So to start that conversation, I would say I, I key to the index of what the market cap for gold is. Bitcoin started as peer to peer cash. It's broadly viewed as digital gold, the equivalent of digital gold. So my, I'll just start by saying my prediction is tied to the market cap of gold.
So 10, like early in November. BlackRock has an ETF for gold and they have an ETF for Bitcoin. They've had that ETF for gold since 2005 and it had just under 33 billion in assets in there. The Bitcoin ETF is 10 months old and it came in over 33 billion. Super small slice, right? [00:40:00] Small data point, but interesting nonetheless.
For my personal prediction, I am tying to a percentage of the market cap for gold. You ready for the big number?
Peter Dunn: I want these other two to guess first. And by the way, are you going for the end of this year, are you going what's your time frame? I'm,
Doug Collins: I'm looking at five years from now. We're, typically you've got these crypto winners, and you've got these, crypto seasons where it goes crazy, like it has in the last 30 days.
I'm looking at the next five years.
Peter Dunn: Five years. Alright, Kristen is the queen of terrible guessing.
Doug Collins: That's
Kristen Ahlenius: true.
Peter Dunn: Five years, it's a hundred today. Where do you want to go, buddy?
Kristen Ahlenius: Where do I think that it's
Peter Dunn: within five years? Yeah,
Kristen Ahlenius: I honestly, I don't even want to say this out loud. I feel like there's at least a five times increase.
Peter Dunn: Okay. Okay. That's great. So we're at, just to be clear, we're at 500 or we're at 600. How's that work? You add five, we're at 500. I
Kristen Ahlenius: call it 500.
Peter Dunn: [00:41:00] Damian Andrew Dunn fan of government efficiency. What say you?
Damian Dunn: I was actually going to say 500, but I will I don't know that may be on the low side.
It may be tech on another quarter million in there. I think the interesting. Another interesting conversation is what's the winter going to be for Bitcoin after this cresting? What's it going to pull back to? And if I had, if we're going to Throw that in there. I think 70 ish thousand dollars is probably where it's gonna drop back to it'd be my prediction
Peter Dunn: Dame is this also an appropriate time to maybe throw out a disclaimer?
Damian Dunn: Yeah, it is absolutely not investment advice regardless of what you think We are saying this is for educational and entertainment purposes only
Peter Dunn: Doug. I guess I should I owe the world a prediction 370 I don't know what, no one cares what I think. All right, Doug. I'm just curious. Like I'll get my number,
Doug Collins: but if you guys are saying 370 to 500 to 700, I'm wondering why you're not investing.
If you think it's the bull case is that [00:42:00] strong.
Peter Dunn: Let's not tip a toe over the line of investment advice. My
Doug Collins: number, here's my number. My conservative number is 750, 000 and that assumes if gold continues with the market. Cap growth of 8 percent a year, like it has for the last 20 years. And if Bitcoin achieves 50 percent of gold's market cap in five years, that puts it at about 750, 000, but I'll put a big Asterix by that because again with all these countries that are considering a strategic Bitcoin reserve, by the way, there was a bill introduced in the U S Senate this summer.
That sort of socialize this idea that includes the U S government buying 200, 000 Bitcoins every year for five years. If that legislation passes, I think we'll see a blow off top.
Peter Dunn: No one knows what that means.
Doug Collins: I,
Peter Dunn: It'll do, it'll be the cherry. I'll run through the toaster and the cheese
Doug Collins: financial podcast.
People know blow off. No, they don't. This is a
Peter Dunn: financial [00:43:00] podcast. It's going to go,
Doug Collins: it will go exponentially higher than seven 50. We'll get into the millions. If nation States start to adopt. Strategic reserves. If this, if the Bitcoin act passes China, Russia, India, whoever, they're not going to sit back and let us go accumulate 5 percent of this asset and not try to get in the game themselves.
Peter Dunn: We got onto more important questions. By the way, you're listening to the Pete, the planner show here on the Pete, the planner radio network. Podcast. And of course, we've got our live stream going on Friday mornings at 10 a. m. And a live stream viewer asked Brant asked Dame whether he's got a cabinet full of bourbon behind him somewhere because he's got a Buffalo painting and he just holds up a miniature barrel full of bourbon.
And so indeed he does. Okay. To my investment expert friends here. Doug, no offense. I meant the people with credentials, which also means not me, Kristen, what percentage of a [00:44:00] person's portfolio should be concentrated in an asset class like this, in your opinion?
Kristen Ahlenius: That's a really great question. And if someone is a little bit more risk.
risk tolerant, more like on the Doug side, maybe like 10 ish percent is a good way to good space to look. But I think most of us overestimate our risk tolerance personally. And I like to have a conversation more about five but that five to 10 percent range is where I'm generally having that conversation.
Damian Dunn: Damn. Thank him. I completely agree, but my father keeps running through my head and this is does an ardent crypto believer care about how much you should have in a diversified portfolio? Absolutely not.
Peter Dunn: Okay, that Dame you captured my feeling very well there. Let's just go ahead and put it to our man here, Doug.
One to 10 on a scale of. I'm not all in, but [00:45:00] you are a ardent believer. Where do you put yourself on that ardent believer scale? 10 being you got a vanity plate. Where are you?
Doug Collins: And that's hard question to answer. Obviously I'm an enthusiast. I believe in the long term use case.
I don't know. Eight.
Peter Dunn: Okay. From afar, Kristen, where do you think Doug is? Again, we all work together. We all know his thoughts. What do you say?
Kristen Ahlenius: I think that's accurate. I would put him at an eight maybe pushing toward a nine, but I certainly would not give him like vanity plate level.
Peter Dunn: Dame, where do you, what do you think Doug is? No, I would've gone nine for Doug. Really? I was going to go seven and a half to eight. Maybe it's cause I just say, quit talking about it. Maybe that's why I'm a seven and a half. I know
Kristen Ahlenius (2): I don't
Peter Dunn: want to talk about it. All so Doug, that being said, how do you react to the idea of an ardent Bitcoin supporter or crypto supporter doesn't work by the rules of 10 percent speculative investment allocation?
Doug Collins: The person [00:46:00] I talked about earlier who made crazy money, there was a point in which I said, Hey man, maybe you should take some of these profits and reallocate those profits. And. He has the most conviction I've ever seen in a human. And he did not do that. And he got lucky, right? Nobody knows what's going to happen with crypto.
Nobody knows for sure. Nobody knows what's going to happen with equities either. So yeah, I don't, the idea of just saying, Hey, I'm 100 percent in this game to me doesn't sound prudent, but to some people it does.
Peter Dunn: In a moment of honesty here, Dame, are you any more inclined to allocate any funds towards Bitcoin after having had this conversation today?
Damian Dunn: Not necessarily because of this conversation, but because of something that's a development that's happened in the last couple of weeks that the duck did bring up today and it's widespread government interest and investment into the space that I think will bring some stability to the asset class [00:47:00] overall, that would, in my opinion, will bring some stability to it because there's a whole argument about currency and is it a store of value?
And we didn't have time to get into it today, but I think there's another conversation to be had there.
Peter Dunn: Kristen, any more inclined?
Kristen Ahlenius: Not because of this conversation.
Peter Dunn: I ignore this stuff a lot just because I got other things to worry about. Youth soccer, things that are important. I feel more inclined if I'm being honest, Doug, I feel more inclined.
So can you hang out for the news and biggest waste of money of the week? Yeah,
Doug Collins: absolutely.
Peter Dunn: All right. I promise you it won't be Bitcoin coming up next. Blom news. That's next. I'm Pete, the planner. I do feel more inclined now. I'm again, not investment
Doug Collins: advice, but I do feel The interesting thing because obviously I had to do my research, I didn't want to come in and just, stutter through questions.
What I do. But this idea that it was meant to be peer to peer and more broadly distributed and a cash system, Bitcoin is not that. [00:48:00] It only handles like five to seven transactions per second as a network. And it's really a, people are looking at it as a store of value. And you've got these massive institutional investors that are Hoarding it all.
And I don't think that's consistent with the original intent. So that, that, that puts a wrinkle in the original thesis, at least, right?
Peter Dunn: Is Doug contributor of the year now on the show, Kristen?
Kristen Ahlenius: I feel like I've been dethroned from an education and research perspective for sure.
Peter Dunn: If you take away the main hosts here, the three of us, I hate to pit him against other people we've had on, but this has been some good stuff.
Kristen Ahlenius: It has been.
Peter Dunn: We've had one, one viewer on the live stream literally say, Doug is the smartest, coolest, most creative person I know. Christmas. That's a lot. Love you Megan. Yeah. Now he's saying he loves these people. Like he's got a following. Maybe that's how you run your listener base. I don't know.
Jiminy Christmas. [00:49:00] Okay. So Dame, can I ask you personal finance questions from time to time, what about once a year? I hit you up on my own stuff. What percentage allocation would make sense for me if I were to entertain this?
Damian Dunn: No, no more than five.
Peter Dunn: Yeah, that's where I'm at. That's where I'm at. And honestly,
Damian Dunn: I if I were to put money into crypto, I wouldn't say I'm investing in it.
I'm speculating at this point. I still am not sold on I'm not, I can't classify it as a traditional investment at this point. I just, I can't, cause I still don't know what it's trying to be. Doug Polis, it was originally tried to be a currency, digital currency for peer to peer transactions.
It is clearly not that because there's not wide enough spread adoption for it and there's way too much volatility in the price to be considered for me to consider it a currency. And so if I'm going to put money into it, I'm speculating that the value is going to go up and I'm not going to use it to go buy a pizza.[00:50:00]
Peter Dunn: I didn't get into that. I just, we're having this conversation, Chris, and I just think we all have partners on this show whether we share finances, but you talk about money with your significant other, and I can't imagine going back to Mrs. Planner after this show and be like, okay, see this amount of money, I'm going to take this out of what we've been doing for 25 years And I'm going to move it to the Bebop currency.
I like I don't want to sleep on our couch,
Damian Dunn: but if it does well, you could buy a really nice couch
Peter Dunn: backside. Okay, let's continue on in three. Hold on already. Go figure. Doug, is this experience different than you thought it would be?
Doug Collins: It's been great.
Peter Dunn: Great. I appreciate you saying that.
Doug Collins: Yeah.
Peter Dunn: Whether I think you mean that or not is different, but I'm glad.
Doug Collins: I'm just, there's a little part of me that's surprised that you didn't introduce me and say, that's our [00:51:00] time.
Peter Dunn: As much as I would want to do that, I would never actually do that to you in three, two, one, this week's biggest waste of money of the week, right here on the Pete, the planner show is.
The Transparent Brutalist Speaker. Brutalist architecture emerged during post war reconstruction in the 1950s, emphasizing materials over aesthetics. The angular forms that define the movement inform this speaker from transparent. Crafted from 70 percent consumer recycled aluminum, and in development for three years, it has a pair of three inch tweeters.
One facing forwards and one off to the side. Those are paired with a six and a half inch side facing woofer and a ported design to deliver deeper base. Bluetooth 5. 2 joins wifi as a wireless connection option with the latter supporting high res audio up to 24 bit, 192 kilohertz air, but no one cares.
[00:52:00] How much does this thing cost? We're going to start with our guest. Guesser just so you know, it weighs 23 pounds and it is 23 inches high. That is a pound per inch. Doug, how much does this cost? Five grand. Five grand.
Kristen Ahlenius: Kristen. This costs 450.
Peter Dunn: You will never shed that title. You will literally never shed the title of world's worst guesser.
You can't do it.
Kristen Ahlenius: You got to give the people what they expect.
Peter Dunn: Gosh, you're so great at so many things. I can count on one finger the things you're terrible at. It's guessing. Dame, what about you?
Damian Dunn: Honestly, this thing looks like something you'd see in a TikTok shop on your stream for your it's horrible.
It's brutal as the description says. I'm going to go with three [00:53:00] grand.
Peter Dunn: 4, 000. Dame wins because he's under, but Doug, that's a great. First guess Kristen, I'm so glad you're smart. Dave, what's in the news this week?
Damian Dunn: Robin Hood CEO, Vlad Tanev said Wednesday that the brokerage firm is considering expanding into sports betting some way quote, we're keenly looking into that space, nothing to announce just yet, but it's so important to our customers and in culture that we're excited about it.
Tev indicated that a move into sports could take the form of event contracts like the ones the firm launched right before the presidential election. Those markets, which led users to buy and sell from each other, are different than traditional sportsbooks where all bets are made against the house.
Robin Hood's stock rose 3. 5 percent on the news. Pete, do we share?
Peter Dunn: I stole, oh my god, damn, I stole this earlier this week and I was just like beside myself.[00:54:00]
We're not ever going to do a partnership with Robin Hood here at your money line. So I can feel confident go ahead and throw this partnership under the bus ahead of the time. Dame, you can't take that platform seriously at this point, right?
Damian Dunn: I don't know how you do it. It's, that's a really bad it's a really bad behavioral suggestion and to muddle that with real investing, but from a business standpoint, it might work out really well for them.
Kristen Ahlenius: Yeah, particularly because research supports that there is a link between people who gamble and people who invest in cryptocurrency. So if you can't get them with crypto or other investing, let's bring sports betting into the equation. And then they're already on your app to buy their Bitcoin
Peter Dunn: guys.
We've got our very own Petri dish on the show today. We can ask some questions of Doug Bitcoin enthusiast. How do you feel about gambling on the
Doug Collins: ponies? I don't like Kristen lumping the gamblers in the crypto [00:55:00] folks. You're throwing us under the bus. The research did I'm with Dame.
I, if you want to gamble, but I think co mingling that with the site that offers investments. Makes for an unclear intent, I should say. Said Dane, what else is in the news?
Damian Dunn: Let's play a game folks.
Kristen Ahlenius (2): Axios
Damian Dunn: did a survey. amongst Americans to figure out what they consider the minimum salary needed to be, quote, financially successful.
This is a trap for me. I'm going to get By generation. By generation. Okay. Boomers, they define 1946 to 1964. What is the average salary required to be financially successful?
Peter Dunn: In 19, in 2024?
Damian Dunn: Today's numbers.
Peter Dunn: Okay.
Eighty
Damian Dunn: five thousand dollars.
Peter Dunn: Kristen?
Kristen Ahlenius: Seventy eight thousand dollars.
Damian Dunn: Doug? 80, 99 $900. Gen X [00:56:00] defined 1965 to 1980. Kristen
Kristen Ahlenius: one 30.
Damian Dunn: Doug
Doug Collins: one 50.
Damian Dunn: Pete. 1 62, 12.
Peter Dunn: Oh, get outta here.
Damian Dunn: This is 2,203. Adults. Two, this is a broad sample. Millennials, 81 to 96.
Kristen Ahlenius: Can you remind me of the original question again? To say you've made
Damian Dunn: it?
Yeah,
Kristen Ahlenius: what
Damian Dunn: is the average salary needed to be earned? Sorry, minimum salary needed to be earned to be quote, financially successful.
Kristen Ahlenius: Okay, Millennials, my people?
Damian Dunn: Your people.
Kristen Ahlenius: And the Gen Xers were 200 and something? Then, I just feel like I have to say three now.
Doug Collins: Hug. I don't know why, but I may go down a little bit from 200.
I know that sounds crazy. I'll go 1 75.
Peter Dunn: Pete, I was thinking the same thing, but I'm gonna go one 90. 180. No, Doug, [00:57:00] so in touch,
Damian Dunn: gen Z, 97 to two 12. They just want Riz. Pete, 200.
200. You're all wrong, we're all poor. 587, 000. God, I just want to leave the show. What? So uncomfortable. By the way, that averages out to 270, 000 for the minimum salary needed to be earned to be quote, financially successful.
Peter Dunn: Have I been crotchety old cantankerous man on the show recently?
Kristen Ahlenius: Not for a while.
Peter Dunn: You guys, this is why we're in deep trouble. We're like, sometimes I look at the kids will be alright, or the kids are alright. You know that whole thing of yeah, they know they're gonna make it. No, they're, we're done. We're toast. We're cooked.
Damian Dunn: Cooked. What else, Tam? Adobe Analytics reports that the U.
S. consumer [00:58:00] spent 13. 3 billion on Cyber Monday this year, well above 2023's measly 12. 4 billion. Meaning that this year's Cyber Monday was the single biggest shopping day of all time. Are we back? Is the economy ready to go?
Peter Dunn: What did people purchase on Cyber Monday this year? Doug, what did you purchase?
Doug Collins: I don't know if I made a purchase on Oh no, I did.
You're gonna make fun of me, Pete. I purchased some additional batteries for my new battery backup system. I
Peter Dunn: complimented you on that yesterday.
Doug Collins: That's what I bought on cyber Monday. That's great. I
Peter Dunn: like it. The default is all Pete's going to make fun of me. Oh, I have another one. I have another one. I purchased carpet.
I could go for a rug. Kristen, what have you purchased over the weekend?
Kristen Ahlenius: I bought like most of my Christmas presents, everything from like dog toys to kids toy, you name it.
Peter Dunn: Kids [00:59:00] toys.
Kristen Ahlenius: Yeah, we have lots of friends with kids.
Peter Dunn: Oh, I was like, are we breaking news here on the show tonight?
Kristen Ahlenius: Yeah, you heard it here first.
Peter Dunn: What?
Kristen Ahlenius: No.
Damian Dunn: What? Dame? I bought Christmas presents for Mrs. Advice, so I can't really divulge why. In the off chance that she's watching.
Peter Dunn: I bought these these jeans. Oh my gosh, my hip. Oh, it's cramping. Doug understands, and Dame understands that cramp. These jeans, and I bought Did you know I did some underwear purchase this year?
For myself. Oh? Six pairs of new Bambas. They're not a sponsor of the show. They should be. They should be. I love Bambas socks, so we're gonna give their underpants a spin. This isn't awkward. Alright, so let's do this. Let's end this shenanigans. Doug Collins. Man, we should have done this a long time ago.
I learned a lot. I really appreciate it. You're really good format for you. So thanks for being on the show.
Doug Collins: Appreciate it. It's a lot of fun.
Peter Dunn: Tripled our listeners. Dame. Good [01:00:00] job as always. Damn. I feel like when we, you and I are going to talk after the show, cause I have some questions on some other stuff.
Like I feel like we're going to end up talking about this now. Don't you?
Kristen Ahlenius (2): Yeah.
Peter Dunn: Yeah. Yeah. Kristen, do I make a trade in the next week? No. To the rest of you, I'll leave you wondering, but I'll also send you good vibes because it's all that's in the budget, I'm Pete the Planner and this has been the Pete the Planner Show.
We did it. Doug, you survived.
Doug Collins: You
Peter Dunn: did. Well done. Good job. You did a great
Doug Collins: job.
Peter Dunn: Great job, Doug. How many meetings did you have? Did you have to cancel any meetings to get this done today? No,
Doug Collins: I just moved one. BVA with Blake and Josh. We moved it to the afternoon.
Peter Dunn: Little
Doug Collins: BVA. I did spend meaningful time last night and this morning making sure I had the talk track solid though.
Welcome to my world. I'm not going to voluntarily come on a show and then look like a fool. So I
Peter Dunn: do it every week. All right. Anybody got anything else to say?
Doug Collins: There's a lot of fun. Thank you.
Peter Dunn: Great. Dame. You good? Yeah, I'm good. Christie.
Doug Collins: See you.
Peter Dunn: Stay getting [01:01:00] money. Y'all.
