Peter Dunn
So in last week's show, I accidentally streamed to LinkedIn. That's right. I did a live stream of the Pete the Planner show, the recording of our syndicated radio show to my LinkedIn profile accidentally. And we're going to do that now permanently, as we move away from Twitter. Or shall I say X? So now X is our ex. And by our I mean Damian Dunn. And wrong, I hit the wrong camera button. And that was a close up of you looking very upset at me.
00:38
Kristen Ahlenius
Oh, I hate that close up. It's so bad.
00:41
Peter Dunn
Why? It looks great.
00:43
Kristen Ahlenius
No, it doesn't. Please put it back.
00:45
Peter Dunn
You need to have lower standards like Damon I do. For our hi, Andy, good to see you. On my LinkedIn profile, I have the now hiring ribbon. Or is that what it is? Now hiring. It's not looking for work, not yet looking for workers. Is that what it is?
01:06
Damian Dunn
I think it's hiring or hiring. I'm hiring.
01:09
Peter Dunn
I don't know what it in the we are hiring several positions right now. Dame, you've been interviewing people? I've been interviewing people. I'm on LinkedIn. So much so the fact that we're streaming to it only feels appropriate. The LinkedIn community, a lot of hashtags on there. Just so you know. I want to introduce you some of the best listeners that a personal finance show can have. And these are in the form of andy Danza, big Rick Swink. These are some of our regular listeners. You will get to know them over time. Kristen, I probably shouldn't be critical of LinkedIn as we are now new to the streaming community. I have to say, the last couple of years there's been a trend of people wishing each other happy birthday on LinkedIn and I hate it very much.
01:59
Kristen Ahlenius
Yeah, that's not really people barely even do that on Facebook anymore.
02:04
Peter Dunn
I feel like I know we've talked about this on the show years ago. The obligation to respond to Facebook birthday well wishes is one I'm just not willing to deal with anymore.
02:16
Kristen Ahlenius
Isn't your birthday the day you're most likely to get unfriended on Facebook?
02:19
Peter Dunn
Is that true?
02:20
Kristen Ahlenius
I think that's cause, like, it pops up like these are people's birthdays and you're like, oh, I'm still friends with them. Unfriend.
02:28
Peter Dunn
And not to get super weird here, but that is the nature of the show. Other than when you've dealt with some health adversity, you really didn't do anything to warrant birthday greetings. They just kept breathing. If you're going to congratulate anyone on the anniversary of your birth, shouldn't it be the people that brought you into the world?
02:47
Damian Dunn
I guess you didn't do anything.
02:50
Peter Dunn
You just laid there and screamed and you're like, oh, I'm cold now and then. That's the celebration. That's it. It's the celebration of being cold.
03:03
Kristen Ahlenius
No, birthdays were a big deal to me.
03:06
Peter Dunn
Do you want to talk about this? Because to me, I don't get it.
03:10
Damian Dunn
Are you a birthday month person or birthday week person?
03:13
Kristen Ahlenius
Miss May. That's me.
03:18
Peter Dunn
This is starting to cross over into an unemployment question, so I got to be careful here. Are you the sort of person that wants to take the day off for their birthday?
03:27
Kristen Ahlenius
No.
03:27
Peter Dunn
Okay.
03:28
Kristen Ahlenius
No, because how can you get attention on your birthday if you're not at work?
03:34
Peter Dunn
Dame, I'm going to tell a bit of a story here that, you know, I think I'm pretty sure you do. Gosh, I don't know if I should do this.
03:44
Kristen Ahlenius
We stream on LinkedIn now.
03:46
Peter Dunn
Oh, that's true. I got to be more hello, Elijah, my man. Look at this. Elijah on LinkedIn. See, this is what happens on LinkedIn. Elijah and I played high school football together. It's a nice little running back situation there, Elijah. This is why we're streaming on LinkedIn. So we reconnect with amazing pike red devils like you.
04:08
Damian Dunn
Looks like he could be a TV personality.
04:11
Peter Dunn
He's got a good smile. Here's the problem. I'm complimenting people's smiles on LinkedIn. This isn't me dipping into someone's DMs on LinkedIn. I like your smile. Seems like a bad idea. Anyway, here's the several years ago no, I couldn't do it. I couldn't do it. Brian pinkens.
04:40
Damian Dunn
Good to be with you.
04:43
Peter Dunn
All right.
04:44
Damian Dunn
Hashtag hiring, by the way, in your picture on LinkedIn.
04:47
Peter Dunn
Oh, is that what it says?
04:48
Damian Dunn
Hiring?
04:48
Peter Dunn
Yes. Okay, great. Big Rick Swink does not want he's not a big birthday guy.
04:54
Kristen Ahlenius
That feels on brand. I know we don't know Rick, but that feels on brand.
04:59
Peter Dunn
I'll tell you this about Rick Swink, and I don't know Rick Swink other than from this show. Pardon me. Big Rick Swink. I want to sit down in a bar on a high top stool next to Rick Swink and drink a very large domestic beer with him. That's what I want to do. That's what feels like it's an important thing to do.
05:18
Damian Dunn
Well, he knows he can find you on LinkedIn, so we can arrange that.
05:23
Kristen Ahlenius
Going to DM you on LinkedIn.
05:25
Peter Dunn
Okay. What are we doing on the show today? Oh, jobs report. I actually did a TV interview about it this morning, so I have something to say.
05:32
Kristen Ahlenius
I probably have little to say, but I'm happy to listen.
05:35
Peter Dunn
I think it's interesting. Kristen, what do you want to talk about today?
05:38
Kristen Ahlenius
I would like to do a segment called Yay or Nay Amen.
05:42
Peter Dunn
Tell me no more.
05:43
Damian Dunn
Okay.
05:44
Kristen Ahlenius
Right on.
05:44
Damian Dunn
Dame, what she had she was the keeper of all the segment. So the one segment idea I came up with is, what's the first sign that your financial stability is starting to slip?
05:59
Peter Dunn
Oh, I like that.
06:00
Damian Dunn
Here's the thing. I don't know that if it's one answer for everybody.
06:07
Peter Dunn
Okay. Yeah, I'm into that. Big Rick swing says he'll hit me up the next time he's indiana. Big Rick, what state is he in? Do we know this? No, we don't know him. Why would we ask him that? I don't know. Guys, what's your address? Rick? Guys, I've been making terrible food choices recently, and I'm just like, I'm at this turning point again. Like, I need to figure it out. But at some he's in VA, which is Pacific Northwest. I just got a text on my watch from City Barbecue as we're sitting here doing this show and I'm thinking about my food choices, and I'm like, speaking of food choices, half slab of ribs. Okay, I think I'm ready to go. Oh, wait, look at this. Andy is in DC. Big Rick's in Virginia. They could have viewing parties. I could do a tour. We could get a bus.
07:07
Damian Dunn
Yeah.
07:08
Kristen Ahlenius
Oh, my.
07:10
Peter Dunn
Would that be fun to go around and meet our listener?
07:16
Damian Dunn
Don't you remember like, four years, five years ago? We talked about doing a tour in the summer and getting an RV and going around to different participants or partners and that sounds weird, but yeah, were going to do a summer tour.
07:29
Peter Dunn
Jody's watching from Nashville, Tennessee. Where are people watching from? Go ahead, put your pin on the map. Kristen's watching from Northern Indiana, as is Dame. I'm in central Indiana. Let's do a show. No one has turned into, like, Carmen San Diego all of a sudden. Dame, your kids start school next week?
07:49
Damian Dunn
Yes, they do.
07:50
Peter Dunn
Naptown represent, mind you. No, you don't have anyone switching school. Oh, you have one person switching schools, right? No, same school.
08:01
Damian Dunn
Same school.
08:02
Peter Dunn
I've got two going into new schools next year or this year. Yeah. Chaos. Okay, Kristen, doggy daycare. Any situation there? No. No. Okay, let's do the show here.
08:17
Kristen Ahlenius
Unless you count Caitlin's house, they're there a lot.
08:21
Peter Dunn
Oh, you guys, I've got a special email, a shout out that I'm going to send between the next segment. Can you remind me somebody? I've gone on too long so far without actually saying anything, but I've got a very special thing I want to talk about. Seriously, it was just lovely. All right, 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 at askpete@peteepeplanner.com that's askpete all one word@peteeplanner.com, don't type all one word, and we will answer your email questions. By we, I don't mean the French for yes. I mean, Kristen Alanius, director of Education at your Moneyline. And Damien. Andrew Dunn, citizen and vice president of advice at your Moneyline. Hello, everybody.
09:16
Kristen Ahlenius
Hello.
09:17
Peter Dunn
Has it been a while since the three of us been together again or just a week?
09:21
Damian Dunn
A week, I believe.
09:22
Kristen Ahlenius
A week.
09:23
Peter Dunn
Yeah. Look, you say a week, I say 168 hours. Okay, guys, the jobs report came out on Friday, August 4, and here's what I've learned about jobs reports. They're pretty nuanced as to what they mean and what they can mean going forward. I've been doing news hits on jobs report days on News Nation, which is a cable news station. I don't know why they call me, but I'm on there. I was on there this so I've learned a thing or two about job supports. And so here's where we're at for the month of July, as we like to say in the Rust Belt. Damon. Are we in the Rust Belt?
10:02
Damian Dunn
I believe so.
10:03
Peter Dunn
Okay. Kristen, do you believe we are in the Rust Belt?
10:07
Kristen Ahlenius
I don't know if I know what that means, really.
10:10
Peter Dunn
In July, were supposed to add as an economy in non farm jobs, 200,000 jobs in July were supposed to be added to the economy. And if that was going to be the case, it would have been the lowest number of jobs added to the economy since December of 2020. Okay, so a very long time. Now, here's what's interesting. We missed 187,000 jobs were added. So, Kristen, I'm not trying to trick you, and there's really no wrong answers here. The first thing you hear when we didn't have as many jobs come out as we thought, what does that make you think? Good, bad? Otherwise? Like, what's your first thought?
11:01
Kristen Ahlenius
My first thought is, that can't be good, can it?
11:06
Peter Dunn
Interesting thought, right? So we're going to pause. We're going to put a pin in that dame. What do you think?
11:11
Damian Dunn
I would be very similar to Kristen saying not absolute horrible news, but it didn't hit our target, so it's unmet expectations, I guess.
11:23
Peter Dunn
So I'll say this, I'm with you on the surface, but here's the nuance I've come to learn. First off, there's been a lot of upward wage mobility in the last few years, which is good. That means people's income has been going up because of how hot the economy has been. There are so many jobs floating around that you can tell your boss to go pound sand because yourself are going to go get a higher paying job. That's why McDonald's or wherever can pay $20 an hour. It's like we have to attract these workers because there's so many jobs they can take. We want them to take our jobs. So this is to say, on some respect, when there are fewer jobs being posted, it actually slows down wage growth. And of course, both of you are thinking, well, that is a bad thing, and I don't necessarily disagree, but that is also one of the main reasons we've been in this inflationary environment.
12:24
Peter Dunn
All right? So, Kristen, that is a disputable idea, this idea that wage growth is causing inflation. Someone more cynical than myself may say, isn't it corporate greed that is causing inflation? What do you think when I say that wage growth causes inflation? That makes sense, right?
12:42
Kristen Ahlenius
It sounds like it makes sense. But I also want to disclose this is not my area of expertise, so I feel like I could easily be persuaded to agree with you.
12:50
Peter Dunn
Well, see, I think sometimes on the show, it's usually you two personal finance experts and me, who really doesn't know much, but I like to think. And so we do this. So now we're just turning the tables where you have a very big brain that you can weigh in and wax poetic about these things. Dame how does the idea that wage growth causes inflation, or at least contributes to inflation, how does that sit with you?
13:11
Damian Dunn
As long as no new dollars are being created in the economy, I still see the same dollars being spent, whether it's from the corporate side of the table, whether it's from the individual side of the table, they just are getting redirected into different places. So I don't know that wage growth could specifically be pointed at and saying it's stoking inflation. I could see it being a scapegoat pretty easy. But as long as the same dollars are being spent, I'm not sure that I wholly buy into that statement.
13:44
Peter Dunn
Let's have a very real world example as it relates to our organization, of which we are a company, a growing company with dozens of employees. So at one point in time, within the last couple of years, were going to hire a specific position that based on the number of jobs out there, which were numerous for this type of role, we had to pay top dollar to win top talent in that position. Are we tracking? Yes. Okay. And also, because we had to pay top dollar, we had to, in some respects, look at price increases to be able to afford to pay out those wages. And again, I'm way oversimplifying this. I hope everyone understands it. So that is a form of price inflation, right? Is a form of inflation now because the market for that particular role has completely shifted. Dame that, you know, we don't have to do that.
14:48
Peter Dunn
In fact, we could potentially pay significantly less than when we pay top dollar. So that is an example of how fewer jobs added, fewer jobs out there actually ends up curbing inflation. Another element to this, too, related to inflation is in September, the Fed is going to get together and decide if they're going to increase interest rates again. And if the economy cools off, according to some of these factors, then they're less likely to raise interest rates again. And the market reacted as such here this morning because we record on Friday mornings, and it's going a little bit bonkers because they're saying, okay, well, maybe this is a sign that this inflation control is coming to an end. Does that track? Dan?
15:36
Damian Dunn
Yeah, I hear you. I'm thinking about our particular example that you're referring to. Let's say we pay less, we make that higher, but we end up paying less. Our specific company is not going to sit on that money. We're likely going to redeploy it somewhere else, whether that means to another hire or to a vendor for some other project or whatever that may be that money is going to find its way back into the pocket of somebody else, whether it's an executive, whether it's somebody that's doing the work, the labor side of it. I just see those dollars still being spent in the economy and not necessarily driving up wages in that particular area. It may come down in some areas, it may go up in others, but I think it's a net.
16:20
Peter Dunn
How do you view this, Kristen? I mean, again, I know this is not your area of expertise, but you have a very big brain. So how does it hit you?
16:27
Kristen Ahlenius
I was tracking along with what dame was saying, it seems to me like it just gets funneled out in different ways because when you think about you used McDonald's as the example. We won't use us as the example anymore. I don't feel like my meal at McDonald's is getting any cheaper, even if they're able to bring wages down. So that money is still going somewhere. Is it to the CEO? Is it to local management? I have no idea where that dollar goes. Obviously, I'm not privy to that information, but I don't feel like the goods that I'm purchasing are getting any cheaper or will get any cheaper.
17:01
Peter Dunn
Yeah, the McDonald's one's actually a really good example. And it's not just because I have frequent McDonald's, because I don't necessarily do it, but you can notice your favorite meal a number one or a number three. You kind of see it track over time and at one point you're like, wait a second, I just paid $11. Like I used to pay 325 for that meal. And that is very real example, Kristen.
17:25
Kristen Ahlenius
It is. Remember my subway sub example? And you guys freaked out because you couldn't believe that footlongs weren't $5.
17:32
Peter Dunn
You were out of hand there. That was on you. All right, let's do this. Coming up after the break, we're playing the world's hottest game show here on the pizza planner show, and it's called yay or nay. Kristen, is that what it's called?
17:43
Kristen Ahlenius
Yes.
17:44
Peter Dunn
And here's how the game works. Kristen is going to say something and then dame and I say yay or nay. I have no idea how it works beyond that. And it may not even work that way. If you come back after the break, you're going to find out how little I know about the show and how prepared I am on a regular basis. And that is refreshing to some. I'm Pete the planner. Enjoy the ride.
18:08
Damian Dunn
Actually going to say, yeah, rust belt, illinois, Indiana, michigan, missouri, new York, ohio, pennsylvania, west Virginia and Wisconsin.
18:17
Peter Dunn
Poor k. I have a rust colored belt on right now. I mean, honestly I do. But I don't want to stand up because I'm sort of, again, a little doughy. LinkedIn or on LinkedIn. So for LinkedIn, you don't want to show your midriff on LinkedIn. It seems unprofessional. I feel like I'm more likely to get called HR simply because we're live streaming on LinkedIn.
18:40
Kristen Ahlenius
I agree.
18:41
Peter Dunn
I'm uncomfortable. Maybe we're going to reverse this decision. I called Ben in this morning and I was like, Ben, should we do this? He's like, we'll give it a shot. And I'm like, I think we might regret this.
18:52
Damian Dunn
That's the vote of confidence I was looking for.
18:54
Peter Dunn
It's good hair, Lee. Welcome to the show, Lee. Hey.
18:58
Damian Dunn
Email.
18:59
Kristen Ahlenius
Shout out the email.
19:00
Peter Dunn
Oh, thank you, Lee. I am not on a Miguel this morning, but I got very little sleep and I did have a large cup of inflated coffee this morning. Okay, email. Shout out. So, Dame Kristen this weekend, I got to find it. I got to find it. I was hanging out at and because that's where I hang out when I'm not working. And I received this email. Actually, on Saturday, I received this email. Dear Pete and Company, I know I am not the target audience for your weekly podcast. I have taste. No, I'm just kidding. I added that part. I added that part. I'm a 71 year old retired female professional, but I do enjoy your show. I've never watched it live on Facebook. You should try LinkedIn. But I can tell you, I look forward to the podcast every week. I go to the gym three days a week, as many of us active older adults do, or AOA, as is the designation for our senior exercise classes at the YMCA.
20:00
Peter Dunn
I love that most of my peers at the gym chat with each other or listen to music, I assume via their earbuds. Not me. One day a week, I listen to your show, going through my boring exercise routine. I'm sure some people wonder, as I'm often laughing out loud, just wanted to say thanks for that. After nearly every show, I'm tempted to write and comment on some of the things you've discussed, but then I forget about it by the time I get home. I'm fortunate to have planned well for my retirement, in spite of three we'll call them relationship transitions, and am now reaping the benefits of that in my golden years. I have two grown sons in your generation and they are both doing well, and I know planning well for their future years. I keep meaning to tell them to subscribe to your podcast, but I forget by the time I get home from the gym.
20:45
Peter Dunn
Maybe I will do that now, as I think in addition to your entertainment value, your show is educational. Provide lots of food for thought. Anyway, that's all I have. Thanks and congrats on your 500 podcasts, Barbara. So, Barbara, as you're working out here right now listening to the show, may I say thank you for sending that email. I don't even view it as praise or anything. I just view it as, like, connecting with people. And it really was sweet and meaningful to me. So thank you, Barbara, for sending that. I hope you have a good workout today and I'm glad that you have really bad tastes in podcasts. Was that fun?
21:24
Kristen Ahlenius
Yeah, I love that. I think that collectively we should tell people that we appreciate them more. So I thought that was nice.
21:32
Peter Dunn
I agree. So to both of you. Kristen, I really appreciate you. It's not what I was going oh, sorry, Dame. You too. Top 1%. Big Rick Swink knows even in Virginia, they can do the math. West Virginia, I'm not sure. But what should we not do that we're in to? I don't want to do this anymore.
21:56
Damian Dunn
What was Ben thinking?
21:59
Peter Dunn
I don't know. I say we blame Ben.
22:02
Kristen Ahlenius
Good call.
22:03
Peter Dunn
If you're watching this, Taylor Swift, you know what? Let's do this. Let's get him on the show right now. I don't know what he's doing, but we are going to call Ben onto the show. He's always on the Ben show. Come on the air.
22:12
Damian Dunn
Next segment. Not right now. Okay.
22:15
Peter Dunn
I just sent him a link. Let's see if he's on. He's going to come on the air.
22:20
Kristen Ahlenius
He's going to be sitting in one of the chairs upstairs.
22:22
Peter Dunn
I don't know what he's doing.
22:23
Kristen Ahlenius
This could go air pods in.
22:25
Peter Dunn
I just put come on the air right now. It seemed like I'm his boss. That seemed a bit aggressive.
22:31
Damian Dunn
Right now.
22:32
Peter Dunn
Right now. Wonder if he can come on. Dame, can you check his schedule to see if he's doing something right now?
22:37
Damian Dunn
Yep, please hold.
22:40
Peter Dunn
How much of a calendar snoop are.
22:43
Kristen Ahlenius
Only I try to be really mindful when I'm asking someone to look at their calendar, so I would say yes because I appreciate it when other people do that.
22:54
Peter Dunn
Is he available?
22:55
Damian Dunn
Ben, bad news. He is clearly ignoring you right now because he has nothing on his calendar.
23:00
Peter Dunn
For the next few minutes. Come on. Well, we'll keep an eye on him and if he comes on during the segment, he's going to have to wait. I have been told that he says I'm backstage. Oh, wait, where is oh, wait, he's here. Where is he? Oh, there he is. Hey, Ben.
23:21
Kristen Ahlenius
Excellent.
23:23
Ben Battaglia
On behalf of marketing, HR and all operators of this business, I appreciate the additional accountability that LinkedIn brings to you.
23:34
Peter Dunn
So, everybody, this is Ben Bataglia. He is what some would call the Dolly Parton of Indiana. And I say that in of all the loving ways. Ben has a reading program that he was part of creating here indiana. It's part of that Dolly Parton book club project. We're very proud of him. And so he gets hands in the books of people all across Indiana. It's actually funded by the state government. Ben, did I describe that halfway in a good way?
24:03
Ben Battaglia
Yeah, that was great. Working with Dolly Parton to get more books in the hands of kids, it's a great thing.
24:08
Peter Dunn
So Ben is very smart. He's our vice president of marketing and ben, you and I this morning, we're like, hey, you want to do LinkedIn? And you were, you know, you did it last week, and I was like, yeah, I know it was an accident. Ben, I'm sort of rethinking this because I feel like I'm constantly stepping in holes here that professionally could affect my.
24:29
Ben Battaglia
I i appreciate I feel like there's some additional heat on you right now, and I think that's good. You're feeling the heat. A new audience, maybe some people in the professional world are trying to decide, do I like this Pete the planer guy? And I think you're just feeling the heat of additional pressure.
24:45
Peter Dunn
Kristen, yesterday, Ben posted up here in the studio and was a host on a really big sort of live stream of sorts. Hundreds and hundreds of people were on it, unlike this one. And Dame, he jumped on Amazon to buy in ear monitors so that he would look more professional. But apparently, as the Taylor Swift fan that he is, they were like bedazzled and shiny, so he looked like he was playing the he. He had all these bedazzled ear monitors that he's returning after he filled them with his own earwax. What say my broadcasting partners?
25:25
Damian Dunn
You got to own it now at this point. You got to keep them. It's part of you.
25:31
Ben Battaglia
I would have thought as a Swifty, you would have had more support for me, honestly.
25:36
Kristen Ahlenius
Well, I did tell Dame that we had to talk about Taylor Swift in the news today, so there's at least that coming.
25:45
Peter Dunn
Taylor Swift?
25:46
Kristen Ahlenius
Were you joking, Ben, or are you really interested?
25:49
Ben Battaglia
No, I'm serious. I think as an investment vehicle, taylor Swift tickets tell me a stock that's going to outperform a purchase.
25:56
Peter Dunn
We don't give investment advice on this.
25:57
Damian Dunn
Ruining this.
25:58
Peter Dunn
What are you doing? Oh, wait. That's dame. You're going to give investment advice on this show?
26:04
Damian Dunn
No, I was going to flip it around. I was going to know somebody has proposed to me that there's no better investment than Taylor Swift tickets for next summer's show. Pete, I already know where you stand on this. I was going to make Kristen tell me why that's a bad idea.
26:19
Kristen Ahlenius
That's awful. Don't make me do that.
26:22
Peter Dunn
Let's just do this now. Forget the show. This is for LinkedIn now. So what's a better investment? So that the Taylor Swift's coming November 3, fourth and Fifth or something like that. First and Third and Annapolis. Whatever. No one cares.
26:37
Kristen Ahlenius
Literally, Kristen cares.
26:39
Peter Dunn
Everyone cares. If you bought the tickets now, Kristen, what would it cost for a ticket?
26:44
Kristen Ahlenius
Well, you don't know yet. You won't know until the queue opens.
26:49
Ben Battaglia
The average original ticket I think I saw online was, like, 239 or something like that.
26:53
Peter Dunn
Okay, we'll go with that. So you spend $239 plus $10,000 per ticket and ticket master fees. And then one year or I will call, what, 15 months from now? What is higher percentage increase. Taylor Swift tickets, bitcoin s and P 500. So we're going to go around right now. Dame, did I just ruin your segment?
27:18
Damian Dunn
No. I hate answering this question because I know what the answer is and I don't want to admit it.
27:24
Peter Dunn
Okay. Do we need to get Doug on the air? All right, I'm going to start. We're age before beauty, so I'll go first. Dame's the oldest, actually. So, Dame, what do you think?
27:41
Damian Dunn
It's Taylor.
27:43
Peter Dunn
Okay. Taylor Swift. What percentage increase are you thinking?
27:49
Damian Dunn
239 was the price we're going with. Yeah, I double it.
27:54
Peter Dunn
Okay, so 100% increase. Okay. I'm the next oldest. Oh, my gosh. What has happened to me? I'm going bitcoin. No, wait.
28:05
Kristen Ahlenius
No would be wrong.
28:08
Peter Dunn
I just don't want to say Taylor Swift. Ben, what do you think?
28:12
Ben Battaglia
Taylor Swift. Six X return my cold shot somewhere between 1000 and $2,000. At the end of this part of.
28:26
Damian Dunn
The problem, you've got people in there just buying tickets to resell them. They're not fans. They're just driving the price up.
28:32
Kristen Ahlenius
Right, but there are also that many people that want to see her like.
28:37
Damian Dunn
That make bad financial decisions. Yes.
28:40
Peter Dunn
Yeah. You're the target market for Taylor Swift. I've been there. And he has to have a protection order. But Kristen, what do you think is the answer to this?
28:51
Kristen Ahlenius
I think it's Taylor Swift, and I think you could turn around and sell a t swift ticket for three times face value.
28:56
Peter Dunn
Wow. Six X is aggressive. Ben, I want you to keep that energy when we start to put together the 2024 plan, double it.
29:05
Damian Dunn
Pass it on.
29:06
Peter Dunn
Perfect. All right, Ben, I don't know if this is how you wanted to make your show debut, but an emergency, it's great. We're going to kick you out now. Okay.
29:18
Ben Battaglia
Thank you for having me. I'm honored to be here.
29:20
Peter Dunn
Momentous occasion in my career, and I mean this. Good luck with the rest of your life. Okay, so we kicked him off the I just hung up on him. He's fine. Okay, let's do the show. Oh, I have something after. OK. Oh.
29:38
Kristen Ahlenius
Same.
29:39
Peter Dunn
Do you?
29:40
Kristen Ahlenius
Yeah. I gotta get on a plane.
29:42
Peter Dunn
Where are you going?
29:44
Kristen Ahlenius
South Carolina.
29:45
Peter Dunn
For what?
29:46
Kristen Ahlenius
The weekend.
29:48
Damian Dunn
Not the show of the weekend.
29:50
Peter Dunn
You're going to go see the weekend in concert in South Carolina?
29:54
Kristen Ahlenius
I'm just going to South Carolina for fun. Fun? Yeah.
29:59
Damian Dunn
It's going to rain the whole time, but yes.
30:01
Kristen Ahlenius
No, it's not. The forecast has cleared. As long as we can fly in tonight, knock on wood, say a little prayer, whatever. The forecast has cleared.
30:08
Peter Dunn
Dan's asked, are there any non dynamic people working at YML? Just Dame.
30:16
Damian Dunn
Just me. I'm the one.
30:17
Peter Dunn
No, I mean, here's the thing about our workplace. There's a lot of freaking awesome people. Really? Like, I start my day, usually I see Gigi and were hanging out this like it's just like filled with just yeah. I love it. It's great. Okay, we got to do show. Three, two, one. Back on the Pete the Planner show. Dame, there's a game that has been brought up as it would be a thing to do and to play and to have fun here on this radio show, and it is called yay or nay. I don't know the rules of the game. I don't know the format of the game. I just know of the game. Should I pass to you or should I pass to Kristen?
30:57
Damian Dunn
Kristen, I'll let you decide.
30:59
Kristen Ahlenius
You were the one who said I'll take it.
31:01
Peter Dunn
All right, let's do nine minutes of you guys arguing, and then in the third segment we'll do the show. Sure.
31:08
Kristen Ahlenius
Aggressive.
31:10
Peter Dunn
Go. All right.
31:12
Damian Dunn
Rules are very simple. I am going to name something in the financial sphere. For example, buying a house right now. No context. The answers are yay or nay. There's no depends. There's no maybe. Depends is a diaper. We're not giving that as answer.
31:32
Peter Dunn
Okay.
31:33
Damian Dunn
Yay or nay? Good idea. Bad idea.
31:35
Peter Dunn
Yay.
31:36
Damian Dunn
Nay.
31:36
Peter Dunn
All right, so this is like on track. Off track, but no context.
31:38
Damian Dunn
Yes, no context. And then we will debate our answers after we all give answer.
31:44
Peter Dunn
I think I like wait, hold on a second. Does this set up me to argue with Kristen?
31:51
Damian Dunn
Potentially, because she and I are going.
31:53
Peter Dunn
To disagree on everything here.
31:55
Kristen Ahlenius
Some of them, yeah.
31:56
Damian Dunn
Some of them maybe.
31:57
Peter Dunn
Okay.
31:58
Damian Dunn
I am the affable moderator. I will only come in for tiebreakers.
32:03
Peter Dunn
Okay.
32:05
Damian Dunn
The first one is buying a house right now. Yay or nay? Kristen, what say you?
32:11
Kristen Ahlenius
Yay.
32:12
Damian Dunn
Pete?
32:13
Peter Dunn
Nay.
32:14
Damian Dunn
Oh, here we go. This is setting up just how we wanted.
32:17
Peter Dunn
Kristen, are you telling me at what we're going to call peak interest rates, now is a good girl. You're telling me at peak interest rates now is a good time to buy a house?
32:30
Kristen Ahlenius
Well, hold on. Can Dame give his tiebreaker before? Because I don't want him to side with me once I give a good reason why.
32:36
Peter Dunn
No. We have to argue to the judge and he has to make a oh, OK.
32:41
Damian Dunn
I like that. That's a good adjustment.
32:44
Kristen Ahlenius
If you're someone who's in a position to buy a house that you can objectively afford that fits your lifestyle that you plan to be in, you're not making just like this crazy off the cuff decision. I don't think it's a bad time to buy a house. I think if you're financially prepared and this makes sense for you and your situation, you have a I don't think it's a bad time to buy a house.
33:09
Peter Dunn
Okay. But in asking the question in a flat way like, Dame, did yay or nay buy a house right now, he's saying for the masses. He's saying for people in your answer of, well, if it works for you, that answer holds true for literally any question that exists in all of human history. Should you do this or you do this? It's like, well, if you should. So with that reasoning, if we're giving advice to the masses, I go with relative to the last five years, this is a horrible time to buy a home. And I say that sitting on my two and a half percent mortgage. What say ye, Judge?
33:50
Damian Dunn
While I agree with Kristen's rationale, I have to say it's nay. We've got a number of things that are coming through student loan payments. There's all sorts of shocks that have come through the system. And if we're going in general, the answer is nay. I'm sorry, Kristen.
34:07
Peter Dunn
There are two people in my life that when they say, you're right, my heart pitter patters. One is Mrs. Planner.
34:14
Kristen Ahlenius
Mrs. Planner.
34:15
Peter Dunn
Mrs. Planner. And she said it to me. I believe in 2012, and she said it to me. I'll never forget. And then one brother from another mother, damien andrew Dunn. When he says, you're right, it tickles me in a great way.
34:28
Damian Dunn
All right, moving on.
34:29
Peter Dunn
Wait. We're on LinkedIn?
34:31
Damian Dunn
Yeah, we're on LinkedIn. All right, next up, using target date funds, yay or nay? Kristen again, no. Okay, Pete, lead off.
34:44
Peter Dunn
Yay.
34:45
Damian Dunn
Kristen.
34:46
Kristen Ahlenius
Nay.
34:47
Peter Dunn
Oh, my. Okay, so Lisa, one of our coworkers, posted something this week that she loves target date funds, but that same blanket love can also get messed up because sometimes the fees and the glide path and everything messed up. So what she's saying is yes, she's saying yay. Sometimes nay. Kristen, you just said blanket nay. Talk to me.
35:15
Kristen Ahlenius
For the same reasons that Lisa stated. Really? Except that those reasons push me to nay over yay. I think that for a lot of people, they're overly conservative. I don't necessarily love, like you said, the glide path, fees, et cetera. I would say nay.
35:33
Peter Dunn
Here's. Why I say yay? Isn't that how we're supposed to say it? Isn't that how the segment works?
35:39
Damian Dunn
There are no extra points for flamboyance of answer yay.
35:43
Peter Dunn
I think it's a yay. And here's why for the masses, when people don't know what to do, they do dumb stuff. And so if the default choice is a target date fund, which happens to be a little bit more conservative than a manually selected portfolio, at least it's better than the alternative of a terrible allocation where your risk tolerance is way off and it's aggressive. I think it is a good foolproof way to grow wealth. And so I say yay.
36:19
Damian Dunn
All right, here we go. I side with Pete. We're two for two.
36:25
Peter Dunn
Best day of my life.
36:26
Damian Dunn
I will say, that doesn't mean you can't misuse target date funds. Heaven knows, we've seen in maybe other lines of work, some incorrect uses or inefficient uses of target date funds. However, for the reasons that Pete stated, I still am okay with target date funds, especially for default investments.
36:48
Peter Dunn
Kristen, your thing here. Are you trying to become an investment advisor? No, because this has got big investment advisor energy. We're like you know what? I respect that's. Harsh sometimes. True. I mean, most people who don't like target date funds are people who like to pick investment well, and I think.
37:08
Kristen Ahlenius
In a perfect world, people would be more involved. Though one of my really good friends in college used to say, better than bad ain't good. And so we're saying that target better than bad ain't good.
37:20
Peter Dunn
Give me a second, okay, Ben? Okay, fine.
37:24
Kristen Ahlenius
So just because it's better than doing nothing doesn't mean that it's a great choice for people. And that's why I would say nay, is because in a perfect world, you're pushing people that's our justification. You're pushing people to do that extra homework, to do that extra work, to make good decisions. I don't love the idea of, like, well, just put people in a target date fund because we don't want them or don't expect them to make or to do that research. I don't think that's a good option, just maybe better than bad.
37:52
Peter Dunn
Yeah, but we live in reality in the sense that we are not in a perfect world. I know we're on the radio right now. This is an audio format, but we are also live streaming. I want you to look atop my head right now. Kristen, what do you see?
38:03
Kristen Ahlenius
Nothing.
38:04
Peter Dunn
Exactly. We are not in a perfect world. We are in a horrible reality. A hellscape, if you will. So I have to give my guidance based on reality, not this vacuum that seems so lovely and hairy. Okay, Dame, this is a great game.
38:19
Damian Dunn
Our potential last option for this segment.
38:23
Peter Dunn
Well, if you have more, I got more show left. I can blow out a segment.
38:27
Damian Dunn
I've only got two. Unless we brainstorm on a couple more in the but all right, I'll say.
38:32
Peter Dunn
This, facebook Live people, LinkedIn Live in the chat right now. Put other yay or nay questions, and maybe we'll have a second go dan.
38:42
Damian Dunn
All right. Variable rate student loan.
38:46
Peter Dunn
Okay, you know what? Here's what we're doing. We're not going to answer that till after the break, okay? Because that way we have at least two going in. Okay. All right, so we will go variable rate student loan. Okay.
38:59
Damian Dunn
Do you want me to disclose the other one?
39:02
Peter Dunn
Yeah, yeah, go ahead. CDs, compact.
39:07
Kristen Ahlenius
Yes, yes.
39:09
Peter Dunn
Laser discs. Yay. Compact discs. Nay. No, we will get this is fun. This is a fun game. Dame, in your household, do you guys do the chalkboard with what I Want to Be when I Grow Up, my Favorite Food is Tacos sort of sign on the first day of school. No, we don't either. When did those start?
39:31
Damian Dunn
Probably whenever Pinterest started.
39:33
Peter Dunn
That's a great answer. Kristen, last thing you bought on oh.
39:39
Kristen Ahlenius
I don't even know.
39:40
Peter Dunn
Damn. I think the last thing I bought us on Etsy. Were those mechanic shirts for your moneyline a few years ago?
39:45
Damian Dunn
That's where those came from.
39:46
Peter Dunn
Yeah. I'm a little embarrassed to say I bought mechanic shirts on Etsy. And with that, we head to the break. Coming up out from the break, more of everyone's favorite game show, yay or Nay on Pete the plan A. It rhymed. So I said, Pete, the plan a.
40:01
Damian Dunn
You know what I mean? I've cut the sleeves off mine, and I just wear it on Halloween with a cigarette in my mouth and a Durag.
40:07
Peter Dunn
Wow.
40:11
Kristen Ahlenius
I think the last thing I might have bought on Etsy was a vintage NASCAR T shirt.
40:16
Peter Dunn
Weren't you buying, like those are on Ebay. You guys are buying, like, diecast cars or.
40:25
Kristen Ahlenius
Don'T? I purchased no diecast cars.
40:30
Peter Dunn
Andy wants Dame and I to buy bejeweled earbuds or earpieces and wear them during the live stream. Chris and you can, too. Both your long hair, we wouldn't be able to see. Guys, what was the metal in Black Panther vibranium that was, like, strong? These earbuds that Ben had were not he didn't even have to have studio lights on. They were just like he put them he's like, what do you think? And I had to bite my lip. It's like when Mrs. Planner gets a stitch fix order, she's like, what do you think? And I'm like, I don't want to be put in that position. They're always mean.
41:12
Damian Dunn
Did he just not think mean? Because when you turn your head, if they're something other than they're very obvious that he just didn't care.
41:22
Peter Dunn
Didn't virginia is just producing some talent. Big Rick Swink says yay or nay to federal debt products after the reduction in that one. Good. That's a good backup. Okay, this is a great game. Let's keep going. We got to go. Three, two, one. Back on the Pete the Planner show, playing everyone's favorite game, yay or nay. All right, everybody, this game works this way. Damien Dunn, the affable co host of the show, asks a question or gives an idea, and then Kristen and I say yay or nay as to whether it's a good idea. Dame, where are we?
42:03
Damian Dunn
First, I have to say it wasn't nearly as exciting when you just said it. Very flat. Yay or nay. So you may need to go back to pumping that up a little bit.
42:12
Peter Dunn
Not a problem. I'm here to entertain. Yeah.
42:15
Damian Dunn
LinkedIn. So that's what they're there for. Variable rate student loans. Variable rate student loans.
42:23
Peter Dunn
It's Kristen's turn.
42:24
Damian Dunn
It is Kristen's turn. Kristen, what say you?
42:27
Kristen Ahlenius
Nay.
42:29
Damian Dunn
Pete nay.
42:32
Peter Dunn
Like a horse. Mr. Ed. Nay. No, I mean, honey, not a good thing. I mean, look, here's the thing. I also don't want to be in this privileged place, but sometimes it's people's only option or you find yourself in it. But I would try to explore just about everything else before getting there. Kristen, what don't you like about adjustable rate student loans.
43:04
Kristen Ahlenius
I think that we share a really similar opinion there, and I can understand where it might be tempting to pursue that route because we are in a rising interest rate environment and hopefully we're getting to this point where interest rates may flatten out or even begin to decrease eventually. So it's like, oh, well, choose something variable because I don't think that rates are going to increase. My argument back to that would be choose the higher fixed interest rate in most cases and then make sure that you're doing the right things when it comes to your credit score, debt to income ratio, and then just refinance for a lower rate if rates come down. I wouldn't lock myself into that variable rate based on a lot of variables that we can't know.
43:48
Peter Dunn
So, Dane, where do you fall on this? Because after you answer this, we are changing this question to a five one arm.
43:55
Damian Dunn
See, I was going to say, Pete, you already opened the door, so I was going to throw an audible in there and go either or 401 loan or variable rate student loan.
44:06
Peter Dunn
We just did variable rate student loan.
44:08
Damian Dunn
I know. It was going to be either or. If you're paying for school, you were going to use the Arm.
44:13
Peter Dunn
Oh, okay. Sorry.
44:14
Damian Dunn
And so I was going 401K loan. So if you have to pick one of those two, if those are your options, because you said explore just about any other option, it seems like most people would have access to a 401K loan. So here we are.
44:29
Peter Dunn
This seems unkind.
44:32
Damian Dunn
Well, I am the applicable host now.
44:34
Peter Dunn
I'm going variable rate student loan over 401K loan. Christy?
44:39
Kristen Ahlenius
I would agree with that, but that doesn't mean I like it.
44:44
Peter Dunn
Same. It's like when we have soup for dinner.
44:50
Damian Dunn
I thought you were a soup guy.
44:52
Peter Dunn
Not for dinner. It feels like it's like an insult to the work I put in that day. You know what I'm saying? Even when I make the soup, this isn't like Dame. What do we say? Do you agree with this? Yeah. Okay.
45:04
Damian Dunn
I do.
45:04
Peter Dunn
Let's do five one arm because this could get pretty interesting.
45:07
Damian Dunn
All right, five one arm.
45:10
Peter Dunn
I'm up first.
45:11
Damian Dunn
Yes, you are.
45:12
Peter Dunn
This is the hardest one for me. But given that we're giving advice to the masses, I say nay.
45:22
Kristen Ahlenius
I would probably agree. Say nay.
45:27
Damian Dunn
All right. I would agree with the nay at this point.
45:31
Peter Dunn
It's close, though. I don't think it's worth the risk. But I also don't think you would get burned if you did it, which is tough for me to say out loud, but I believe it. Kristen, do you think it's too.
45:46
Kristen Ahlenius
Just when it comes to this space in general, I'm so risk averse, and I feel like I'm putting that onto the advice that I would be giving to the masses. So that's why I was kind of hesitant. But I still think that I'm nay it's a risk that I just am not comfortable with.
46:04
Peter Dunn
Dame what's the big downside to doing it?
46:07
Damian Dunn
If something unforeseen happens, then we have to crank up interest rates even more at this point, which I haven't heard anybody even hint at this point. I mean, maybe a couple bumps here or there, but it would take something pretty catastrophic, I think, to push it that way. I think you could probably get away with it, but there's just so many variables that unforeseen, potentially that I just would stick with a fixed and be done with it.
46:37
Peter Dunn
What is the going rates right now? Like six and a half? I feel like somewhere in there above seven.
46:44
Kristen Ahlenius
Last I was it well, last I saw on an advertisement, I won't say for who, but I saw an ad for above seven. But I don't check every day.
46:54
Peter Dunn
Yeah, dame just did some googling. What's bing say?
46:59
Damian Dunn
Bank rate is saying 30 year fixed almost seven and a half.
47:06
Kristen Ahlenius
Yeah.
47:06
Damian Dunn
51 arm Apr 8.8.
47:11
Peter Dunn
Dude, it's ridiculous. See? Go back to our earlier question. Buy a house right now. Yay or nay? I said nay. Kristen was all for it because she likes people to pay a lot of interest. Dane what's the final yay or nay topic?
47:25
Damian Dunn
Certificates of deposit? CDs. CDs.
47:31
Peter Dunn
Kristen it's your turn.
47:33
Kristen Ahlenius
Nay.
47:34
Peter Dunn
Well, this got less fun. Nay and it's simply because you can get a higher rate of return on an online account. I mean, betterment or anything. Four and a half percent. CDs aren't paying that much and you lock them up, right?
47:54
Damian Dunn
Even if they are paying that much, I don't know if it really can be justified, even if they're paying slightly more. If you can keep your money liquid in a high yield savings account online, I think it's just much easier to do that.
48:08
Peter Dunn
Listener Rick Swink begs the question, what about federal debt? Like, what about buying our debt? Because we just got downgraded. We went from AAA to would you buy our debt right now based on that?
48:28
Kristen Ahlenius
Kristen that wouldn't be something that would keep me from buying federal debt.
48:33
Peter Dunn
I would argue that it would make me want to buy it even more. Because you're going to get a higher yield, aren't you?
48:38
Damian Dunn
Dame in theory, you should. Warren Buffett said there are a number of things that should keep you up at night. This is not one of them. Who Warren Buffett?
48:46
Peter Dunn
Maybe you, margaritaville.
48:49
Damian Dunn
Yeah, that guy.
48:52
Peter Dunn
All right. This is a good say. Do you have any more that we can do? Can I come up with one?
48:57
Damian Dunn
Yes, please.
48:57
Kristen Ahlenius
Can you?
48:58
Peter Dunn
Okay. Pay your kid an allowance. Yay or mean? This is a great format. You just got to find things that people disagree with. We're going to start with Kristen since she has the parenting expert. Yeah, she's a parenting expert and the allowance she gives are kibbles and bits. Kristen, give your kid an allowance.
49:22
Kristen Ahlenius
Yay.
49:24
Peter Dunn
Dame, give your kids an allowance.
49:27
Damian Dunn
Nay.
49:30
Peter Dunn
Kristen, make your case.
49:33
Kristen Ahlenius
I say yay, as long as you're going to do it the right way. Meaning there's some sort of like it is a reward for something that they're doing because I think it teaches you a definitely I didn't have that growing up and I think that maybe I could have used that in hindsight. So I would say yay.
49:54
Damian Dunn
Dame Dire Strait said something about money for nothing. No, I'm not going to go there.
50:03
Peter Dunn
Are you googling money quotes online? And then, just as Barabbas once said.
50:11
Damian Dunn
I can go that route too, if you want, but no, I would much rather have them earn some cash. And I'm happy to give them tasks to accomplish so they understand there's some effort that needs to go into earning some of this money, and then I can help them figure out what in the world to do with it and how to use it responsibly. I just don't want to give it to them.
50:32
Peter Dunn
Yeah, I'm with Damien and my thoughts have evolved around about this over the years of like when they're super young, maybe, but now that I've got a 14 and eleven year old, unless they're mowing the grass or doing something like I'll flip them $10 for mowing the grass, budies. Don't want them to cut their feet off and stuff, you know what I mean?
50:50
Damian Dunn
Yeah, that's a good idea.
50:54
Peter Dunn
All right, let's do this. Coming up after the break, LinkedIn is going to get a very special thing. It's called the biggest waste of money of the week. I don't think this one's as amazing as it usually is. And then we've got the news, which we've already ruined because Dame is going to do a Taylor Swift story. So all that's next. If this is your first Pete the Planner stream show experience on LinkedIn, enjoy it. If you're listening one of our radio affiliates, then you're used to this debauchery. We'll see you in just a moment. I'm Pete the planner. We just got a serious question from LinkedIn and Dame. Here's the thing about being on LinkedIn.
51:29
Damian Dunn
Yeah, I know.
51:30
Peter Dunn
Are we going to have to now answer serious questions on this show?
51:32
Damian Dunn
That's what I'm really afraid of.
51:34
Peter Dunn
Oh, no. Could you explain why going into treasury debt is a good idea after US credit rating downgrade? I can, because yeah, I mean, we didn't get downgraded like nine steps. It's not like you got relegated from the Premier League to the National League. Five steps down. Soccer reference. Let's go. It's a blip on the radar. I think people and the person asked the question, robert, this is not an indicative of what I might think you might be thinking. I think people that want to make it a much bigger deal than simple a slight risk downgrade, it becomes political. I just think it's a slight risk change. Dame, do you view it differently.
52:17
Damian Dunn
We're absolutely not going to default anytime soon. If you buy debt, you're going to get it paid back and you just get a slightly higher interest rate. Is it a good idea to go into it? I don't think it's any worse idea than it was before, but it's all situationally dependent. Of course.
52:33
Peter Dunn
I think I've got a really bad idea. Do you guys want to hear it?
52:36
Kristen Ahlenius
Yes.
52:37
Damian Dunn
Didn't you say you wanted us to remind you of something else you were going to do, but you didn't tell us what that was?
52:41
Peter Dunn
And then I do have to go. I do have a bad idea. Okay, go for it. We do not talk politics on the show. It's not our thing. We don't care. Occasionally we brush up against it, but it's actually we look at the financial angle of it. I have something in that realm and the only reason I want to bump up against it because it's a numbers game. It's a numbers game. And so I'm going to put the numbers game out there and if you don't want to do it, just say you don't want to do it. But to me, it's a numbers game.
53:14
Kristen Ahlenius
Okay, I feel the emails coming.
53:17
Damian Dunn
Is this a segment or a break?
53:19
Peter Dunn
This is right now. We are not doing this on the radio.
53:23
Damian Dunn
I know. Mine just on LinkedIn.
53:25
Peter Dunn
Just on LinkedIn. And if we need to punt, just tell me. Punt like, I love you guys. As it stands now, former President Trump is charged with 78 felonies.
53:42
Kristen Ahlenius
Oh, no.
53:43
Peter Dunn
How many felonies is he convicted of? Of the 78. That's a numbers game. And look, here's the thing. You don't have to say why and that's why I think we can get away with this. You don't have to say why you think because we're not doing that. I'm not looking to argue with anybody and I actually don't even care. From a numbers perspective of 78, how many do you think he's convicted of? And maybe your rationale is he shouldn't be, but he will be or he won't be and he can be. Whatever. Do you want to play this game or not?
54:13
Kristen Ahlenius
I will if Dame goes first.
54:16
Damian Dunn
I will play this.
54:17
Peter Dunn
Okay. Okay. Can I lock in my answer? I've got it. Mrs. Planner and I had this discussion at home. I just had to lock it into my head before you influenced me. Go ahead.
54:31
Damian Dunn
I would love wasn't the right word. I would like to say zero. Not for political reasons, just zero. But the DOJ has a really good record on stuff like this and there's no way I don't think there's any way he walks away completely from 78. I will say 15.
55:00
Peter Dunn
Kristen, can I go now or do you want to go?
55:02
Kristen Ahlenius
You can go.
55:03
Peter Dunn
My number, dane was 15.
55:05
Damian Dunn
Really?
55:06
Peter Dunn
But here's why I think I'm wrong, even though it's my number, is because two of the cases I don't know, whatever. Two of the different cases have 30 plus charges in them. So if they're wholly dismissed or it doesn't become a thing, then they're going to get wiped out in mass. And so you're more likely at three or four than you are at 15, I think.
55:28
Kristen Ahlenius
Kristen, if it's prices right, rules one.
55:32
Peter Dunn
That's how we play around here.
55:34
Kristen Ahlenius
One.
55:35
Peter Dunn
Well, wouldn't the right answer be zero?
55:36
Damian Dunn
Zero?
55:38
Kristen Ahlenius
Well, you can't say zero on the prices right, though.
55:41
Peter Dunn
But I guess technically has anyone ever tried that?
55:45
Damian Dunn
They should. Why not?
55:46
Peter Dunn
I think you'd have to be an idiot.
55:48
Damian Dunn
I don't want that. Drew.
55:51
Peter Dunn
That makes me sad that we're not talking about Bob Barker. Okay, so, Kristen, you're at one. Is that what you what do you really think? Don't try to win.
56:00
Kristen Ahlenius
I think it's going to be less. I don't think it's going to be that many.
56:05
Peter Dunn
But not zero.
56:07
Kristen Ahlenius
Not zero. Maybe. But you said a bunch of them were packaged. I didn't know that because I was going to say, like, seven.
56:15
Peter Dunn
That would be really hard, I think.
56:17
Kristen Ahlenius
Yeah, see, I didn't know that. I haven't read enough about it.
56:20
Peter Dunn
And here's what we'll do. Coming back in the next couple of weeks when there are more, we will update our okay, let's I think we made our way out of yeah. Welcome, welcome. Show LinkedIn. Why are we doing this? I'm going to get in trouble from Ben.
56:40
Damian Dunn
Is he hiding under a table at this point, do you think?
56:42
Peter Dunn
I think he's actually got a machete on the other side of the studio door right now. Okay, biggest waste of the money of the week. I got to get ready here. Okay, speaking of machetes, in three, two, one. This week's biggest waste of money of the week, right here on The Pete the Planner show is the Hardcore Hammer Blackout Edition. Hardcore Hammers has answered customer demand for a blackout edition of its acclaimed Hardcore Hammer. Can I get a timeout dame?
57:13
Damian Dunn
Yes.
57:16
Peter Dunn
Customer demand. Someone's calling 1800 hardcore probably don't call that. Don't call that.
57:28
Damian Dunn
Good morning, LinkedIn.
57:29
Peter Dunn
Someone's calling the hammer place and they're going, hey, can you do a blacked out edition? People are asking for that.
57:36
Damian Dunn
Yeah. Big construction movement right now.
57:40
Peter Dunn
The Blackout edition features an investment cast 20 1oz head and Hardcore Hammer's unique head design, while the new 2.0 version adds a furridic nitro kerberizing process that's right. That further strengthens the 41 four steel for even better durability and corrosion resistance. Dame, this is right in my wheelhouse of manliness, isn't it?
58:05
Damian Dunn
Yeah. See one of those hanging from your tool belt every day of the week.
58:10
Peter Dunn
A matte black 18 inch American hickory handle complements the draft. Finished. Pardon me, I was thinking of bureau the dark finished head for the best hammer you can put your hands on. Kristen, what do you think it costs for you're? The world's worst guesser. Hardcore hammer blackout issue. What do you think this costs?
58:32
Kristen Ahlenius
Let's be on brand. Something really specific. Let's go $76.
58:38
Peter Dunn
Okay. Now, Kristen, you do remember the rules of how you should guess that got.
58:44
Kristen Ahlenius
Me in trouble last week.
58:45
Peter Dunn
Okay, well, you just got to wield that hammer at the right time. Dame, what do you think? The hardcore hammer blackout edition with the 20 1oz head is $119. $119 prices. Right? Rules.
59:06
Kristen Ahlenius
Yay.
59:07
Peter Dunn
Kristen wentz. Dame, what's in the news this week?
59:10
Damian Dunn
Kristen, I feel pretty good about our attempts this week. I think they were reasonably within the ballpark. Nice job.
59:15
Kristen Ahlenius
I agree.
59:17
Damian Dunn
Taylor Swift is going out in style. Kristen style. Style. Okay.
59:24
Peter Dunn
Is that a song?
59:25
Damian Dunn
Isn't that one of her songs?
59:27
Kristen Ahlenius
One of the lyrics?
59:28
Damian Dunn
Whatever. It was quoted. I assume that meant something in the article. I don't know. On the eve of wrapping up her us leg of her wildly successful eras tour, swift on Monday thanked a slew of crew members who have done serious heavy lifting on the road with her. Among them, the tourist truck drivers. With a hefty bonus, Swift stunned the tourist trucking staff by giving each trucker a check in the amount of $100,000. Now, it wasn't actually her that did it. It was her dad. So Mr. Swift gave $100,000 to each of the truck drivers. Show Motion is one of the two transportation companies used by the tour and said, my company handles the transportation of the stage and structure. Pretty much the skeleton of everything hangs on at the concert venue. While the gentleman declined to disclose how many of his staff received six figure bonuses, he said it was a total of nearly 50 members of the combined trucking crews.
01:00:21
Damian Dunn
50 members. That's what, like, the first hour of one of her shows that she gave away? Roughly.
01:00:29
Peter Dunn
Wait, are you being cynical? Is that she didn't give away enough?
01:00:32
Damian Dunn
No, not at all. I think it was a great recognition of the way they were gone. I don't know if I put it in here. The article said these folks were gone from their families for, like, 24 weeks for this show, so I think this is a very generous gift.
01:00:49
Peter Dunn
I love it. I read that story, and I was like, man, that's really great. It's a lovely story. But I will note that Taylor Swift has somehow entered Elon Musk territory on this show, whereas we talk about her way too much.
01:01:03
Damian Dunn
No, we don't have we not true.
01:01:06
Peter Dunn
I mean, I like it.
01:01:07
Damian Dunn
I agree there's way too much T. Swift in media these days, but I don't think we've talked about her barely at all on this show.
01:01:14
Peter Dunn
And I'm not a hater, so she can keep shaking me off, but it is pop culture, nonstop T. Swift talk. Or maybe it's just the world of which I live. People are constantly talking about Taylor Swift.
01:01:29
Damian Dunn
You need to calm down.
01:01:31
Peter Dunn
Is that a. Taylor Swift. Lyric.
01:01:32
Damian Dunn
That's a song.
01:01:33
Peter Dunn
How do you know all these name? Are you a Swiftie?
01:01:36
Damian Dunn
I have a teenage daughter, Peter.
01:01:40
Peter Dunn
Okay, well, Ben doesn't have a teenage daughter, but he's going to be front row when she gets here next November.
01:01:45
Damian Dunn
He's got the appropriate in ear monitors, though.
01:01:49
Peter Dunn
Kristen, you are our show Taylor Swift aficionado. Any thoughts on the bonuses to the truck drivers?
01:01:55
Kristen Ahlenius
I just think it's a really cool gesture. And to Dame's point, I mean, is it a drop in the bucket for her? Yeah, but it's life changing money for those on tour. And she also that wasn't in that article. She wrote handwritten letters to all of them, thanking I mean, for someone like her to take the time to do that for people who I think often don't get recognition for that work is incredible.
01:02:19
Damian Dunn
They could then turn around and sell those letters on ebay and get another $100,000.
01:02:23
Kristen Ahlenius
Also true.
01:02:25
Peter Dunn
You just said life changing money. And I was like, is it? And then I thought, another beat, and I was like, you're darn right it is. Yeah. I mean, I would say the three of us are pretty financially stable. You give us 100 grand right now, it would still change your life. And I'm not even being facetious. It would change your life. It would be an inflection point financially for, and then the idea, too. Kristen, you said it's a gesture. So true. That's an amazing gesture because the gesture feels small. Right. And representative of something. And it is a massive thing. So good on you, Taylor Swift. We're not going to talk about you mean. I feel bad. I just don't care. Dang, what else is in the news?
01:03:11
Damian Dunn
The rising cost of oil and refineries dialing back production during the summer heat has driven gas prices to their highest level in nine months. The average price for a gallon of regular grade gas in the US. Reached $3.80 on Wednesday. Twenty six cents more compared than with a month ago. According from data from AAA. It is the highest level since November, though still lower than the peak average of $5 in June of 2022. Hot weather has hurt refinery output. Pete, were you aware of that hot weather would hurt output of refineries?
01:03:43
Peter Dunn
No. I would argue that cold weather could, but hot weather doesn't feel like it would.
01:03:48
Damian Dunn
Okay, so there's another point here that I'm going to drop that's going to blow your mind here in a minute. It has very little to do with the actual story. It was just included in it. But I was shocked last June, the prices were war induced mania. This gentleman, particular gentleman said, now prices are a reaction to scorching summer temperatures. Refineries aren't designed to operate in temperatures above 95 degrees, so companies scale back production during heat waves as a safety and efficiency measure. Time out. Glad to know that Houston has huge refineries. Seems like, a great place to put them if they're not supposed to operate in temperatures above 95 degrees.
01:04:25
Kristen Ahlenius
Kristen it's not the refinery. Like, it's not the equipment. Right? It's that it actually takes a lot of manual labor, and you can't put people in those conditions. Is that why.
01:04:37
Damian Dunn
Worker safety is part of it, but I don't know about the mechanical side of things.
01:04:42
Peter Dunn
Have you said the mind blowing part yet?
01:04:44
Damian Dunn
It's coming. Analysts expect gas prices to ease by October, but hurricane season could lead to more hikes in the short term in South Florida especially, where water temperatures off the Gulf Coast exceeded a hundred degrees last week.
01:04:57
Peter Dunn
Yeah.
01:04:58
Damian Dunn
Did you know that?
01:04:59
Peter Dunn
That's wild.
01:05:01
Damian Dunn
I didn't even know that was possible.
01:05:05
Peter Dunn
First of all, I'm not taking my shirt off in public. Number two, I'm not getting in that water.
01:05:10
Damian Dunn
That seems horrible. Who would?
01:05:12
Peter Dunn
Are you guys coming to the team lake day that we're all having here in a few weeks?
01:05:16
Damian Dunn
Undecided?
01:05:17
Peter Dunn
No, I'm going to wear a swim shirt. I'm not swimming. I'm just going to sit and eat potato salad.
01:05:24
Damian Dunn
Can we get you in a wetsuit? I think that'd be great.
01:05:27
Peter Dunn
I will totally rock a wetsuit. There you go. Unless it's dangerous. Temperatures for oil refining. Yeah. What else is the news?
01:05:34
Damian Dunn
Uber did the unthinkable, made some money. Can you believe it? Finally, all it took was 31 and a half billion in operating losses since 2014 to get there, but their stock still fell five and a half percent.
01:05:45
Peter Dunn
After the announcement, I switched to Lyft for a while. I'm back to Uber. I don't know why I went back away from Lyft other than, for some reason, Uber's interface was just easier, so I just went that direction. Kristen Uber or lyft? Uber. Dame uber. That's all we have. Show. Thanks for listening, everybody. You can listen to the whole unedited show on our podcast. Go to peteeplanner.com or wherever you get your podcast, just search the Pete the Planner Show. It's the show with probably a three star rating. Don't really care. Sending you good vibes, because good vibes are all that's in the budget. I'm Pete the Planner and this is Pete the Planner show. Yes, I did stop 9 seconds early, and here's the reason why. Because I think the people just need a little bit more Johnny Cougar, more.
01:06:35
Damian Dunn
Mellon Camp for the people.
01:06:36
Peter Dunn
Here's the reference, everybody. When the radio stations edit or put these show into production, then they have, like, lead in music and outro music, all this sorts of stuff. And it's always John Cougar Mellon Camp for whatever reason. And so when we are long or short, it's either not enough cougar or more Cougar. A LinkedIn user has a note. First of all, happy birthday. We spent two months in Marco Island this summer. Can't confirm bathtub water temps.
01:07:10
Kristen Ahlenius
Marco island. So beautiful.
01:07:12
Peter Dunn
Dame when you're in saltwater oh, my gosh. I have a meeting. When you're in saltwater, how deep are you walking into the water? Are you ankles guy knees, shorts, or neck hair? Like, where are you?
01:07:27
Damian Dunn
At different points in my life, I would swim out away from the shore and go down and look at the stuff on the bottom of the ocean, then come back now anymore. I rarely let it get above my head. So neck.
01:07:45
Kristen Ahlenius
Kristen I grew up in a family of a bunch of people who couldn't I rarely though I can swim as a result of that, I rarely in open bodies of water like that or big bodies of water like that. I would say maybe, like, knees.
01:08:05
Peter Dunn
I am Team Kankles. Like, I just don't want to go any deeper than Kankles.
01:08:11
Kristen Ahlenius
Boy, I'll tell you this weekend.
01:08:14
Peter Dunn
Have fun. We're in South Carolina. Do you want to say that, or you don't want to say that?
01:08:17
Kristen Ahlenius
I don't really care. We're going to Myrtle Beach.
01:08:20
Peter Dunn
Okay? I just didn't know how to react. How am I supposed to react? I asked a dumb question, you gave a good answer, and then I didn't know what to do.
01:08:28
Damian Dunn
Taking your golf clubs?
01:08:30
Kristen Ahlenius
Absolutely not. Haley would be mad about that.
01:08:32
Peter Dunn
But no, I'll talk more about it in the show next week. Guys, I'm playing golf next Friday.
01:08:36
Damian Dunn
What?
01:08:37
Peter Dunn
Wow. Wait a second. Over five years?
01:08:40
Damian Dunn
Are we skipping the show next Friday?
01:08:42
Peter Dunn
No, I'm playing after.
01:08:43
Damian Dunn
Okay. Because I turned down golf invitation so I could do the show.
01:08:50
Peter Dunn
I don't know what to say. Okay, everybody stay getting money. Bye.
