00:12
Peter Dunn
Good day. Good day. Good day, everyone. It's peter Dunn, pete the Planner, host of the Pete the Planner radio show. Hello. It is good to be with you. Damien Dunn joins me, as always. Hello, Dame.
00:23
Damian Dunn
Hello, Pete.
00:24
Peter Dunn
For those that are thinking, where was the podcast last week, Dame? You want to talk through that?
00:29
Damian Dunn
Do you really want me to? I mean, I'll fall on my sword. I screwed up my audio settings and made it unlistenable. That was entirely my fault. I'm sorry.
00:37
Peter Dunn
I have to say, while frustrating, obviously, for all of us, I kind of didn't mean I should probably care. There wasn't a radio show last week because when I went to send the audio over, it was me talking and then dead air when you were supposed to be talking because it didn't record and no one cares. Hi, everybody. Hope you've had a good week. Lots to cover today. I bought a new car. I acquired a new car, at least a new car. We're going to talk about how weird the car buying experience has been. And truth be told, I also talked about this on the Indianapolis Business Journal podcast, the IBJ podcast, which comes out Monday. Whatever. Listen to that. My friend Mason King is the host of that. He does a really nice job. So we're going to talk about that there as well, probably.
01:26
Peter Dunn
I'm going to talk about it a little less professionally on this show because I really didn't want him bringing Mason down. He's a good, professional man. You are too dame.
01:34
Damian Dunn
His voice is amazing, though.
01:36
Peter Dunn
Oh, he's great. He's a really great guy. Very genuine guy. Anyway, dame you good man. How was your week? Where's your quality of life and where's your headspace, my friend?
01:45
Damian Dunn
I've gotten a couple of bits of very good news this morning. I had a couple of wins this week, so I am looking forward to finishing the week strong today.
01:55
Peter Dunn
As someone who works alongside of you have had a good week. Yeah, I've had a good week, too. So let's keep the vibe going. My 13 year old girls soccer team, of which I'm the assistant coach and the head manager, got a victory against older girls last night. Yeah. So that was nice. And it was like 40 degrees and windy at game time. Sort of a rough way to start the season. Alas, we won. Good morning. Rick Swink. Live on Facebook live right now. If you're on the podcast right now and you're thinking, oh, well, neat, yeah. Go to Facebook, YouTube or Twitter. Live at 10:00 A.m Eastern and watch along. Jameson listener, all time best listener, I think. Is that what we call him? Dame?
02:44
Damian Dunn
All time best listener might be a little strong. I mean, he's really good.
02:47
Peter Dunn
But no. What was he was lifetime Achievement award, best listener, something like that. Jameson sent me a tweet earlier this week down in Texas. He went to costco and acquired Miguel. He acquired a case of Miguel. So, Jameson, I hope you're enjoying it. Do you like it? And do you agree that the first taste is a Band Aid and then it becomes a tolerable bandage beverage?
03:13
Damian Dunn
I'm going to need tasting notes from Jameson.
03:17
Peter Dunn
Yeah. So let us know about that. Miguel is taking over the world. I don't know if that's true. Dame, have you been able to figure out what the lyrics are that are scrolling along the bottom of the screen? Can anyone identify the lyrics? I'm scrolling in the crawler this week on the show.
03:36
Damian Dunn
It's a strong lyric right there.
03:38
Peter Dunn
Chris notes. Why is soccer weather usually crappy? My daughters have practice tonight. 40 degrees temp and 40 miles wits. It is, Chris. Soccer weather is always crappy. I feel like I was in like a historical monsoon once watching a soccer game and no one it was like it felt right. It was horrible, yet it made a lot of sense. Jameson notes. He does like Miguel. He thought it tasted like Band Aid at least halfway through, but it's my jam. But as my son says, it slaps. Oh, no. Cap. Dame, before we get started this week, I want to give you a report from the front lines of elementary school. Lee says we got to get the show on the road. Lee, my man. By the way, beautiful picture there. Lee. This story you're not going to want to miss this story. You're not going to want to miss this story.
04:41
Peter Dunn
Ted had sex ed at school this week. And so it's called ready, Set, grow.
04:48
Damian Dunn
Now.
04:48
Peter Dunn
So when you're in elementary school and you're in fourth grade, teddy Buckets is learning about how everything works. And so Mrs. Planner said to me, she's like, hey, look, I know it gets a little bit more intense in fourth grade this year. I don't know what he knows. Can you have a talk with him? So we're on the way to soccer practice. And I was like, first off, it's called Ready, Set, Grow, which is anyway, yes. And I was like, hey, buddy, mom says you got Ready, Set, Grow this week. And he's like, yeah. And I was like, okay, well, they're probably going to talk about puberty. You heard of that? You know what that is? And he goes, you're talking about babies or getting taller? And I was like, oh, my God. I was like, oh, I didn't know were going to go the baby.
05:43
Peter Dunn
I was like, getting taller and stuff. And he's like, don't worry, dad. I know the names of all of my parts. It's like, okay. And he goes, you know what, though? And he said the name of his friend who I'm not going to say the name of his friend on my show. He said so and so. And I have a theory here. And I was like, oh, God, what are we about to do? He goes, we think the boys are going to be put in one room and the girls are going to be put in another room. And in the boys room, they're going to tell us the name of all the girls parts. No, Brittany, Teddy is not Russian. Now, this is my ted voice. It's like you have a dog and you have a voice for your dog. You have a voice for your mother in law?
06:25
Peter Dunn
I mean, I don't you just have a voice. That's Ted's Story voice.
06:30
Damian Dunn
Brittany, what I really like is the fact that your fourth grader has a deeper voice than you do.
06:35
Peter Dunn
Well, yeah. I mean, when you get that many buckets. Damn. What else am I missing? I was going to tell something else this week. I guess we'll just tell it during the show.
06:45
Damian Dunn
Yeah. Let everybody enjoy it.
06:48
Peter Dunn
I want everyone to know I've got plenty of time for you. Do. I'm sort of vibing that way.
06:56
Damian Dunn
Wow.
06:57
Peter Dunn
I've got plenty. In fact, I want to grab a Miguel. Dame. Can you ever entertain everyone while I grab a Miguel? Excuse Me.
07:05
Damian Dunn
Yep. All right, everybody gather in real close. Here's what we're going to do. The first time Pete tries to make a joke, I want everybody to reply in the comments. Boo or something. Just kind of really try and see if we can throw them off today. So that's your job. He makes a joke, you boo.
07:26
Peter Dunn
All right, I'm back.
07:27
Damian Dunn
All right. We had a good little fireside chat there.
07:29
Peter Dunn
I always wonder if when I say entertain people, if they do feel entertained after that whole thing, I think there was value. Not funny, Pete. What's? Not Funny? Wait a second. Dame Are you telling people to say not funny? Okay.
07:52
Damian Dunn
No. Would I do that?
07:55
Peter Dunn
Okay. By the way, Rick, I am not always running late. I'm always about a half hour early. Okay, here we go. Don't step on my Miguel opening dame. All right. So good. Let's get started.
08:25
Damian Dunn
Oh.
08:27
Peter Dunn
Damien, you didn't like try to trick the show by telling people to react to me in a certain way, did you?
08:31
Damian Dunn
Of course not.
08:33
Peter Dunn
That's not entertaining.
08:35
Damian Dunn
Well, for one person, it's not okay?
08:39
Peter Dunn
Don't try to be the puppet master. Don't kill the vibe. I'm in a good mood today. Don't mess me up.
08:50
Damian Dunn
All right, plans off, everybody. Plans off.
08:52
Peter Dunn
Yeah. Don't do that. Why would you kill the vibe of the show? Use your head. All right, here we go. You Ready?
09:01
Damian Dunn
Yes.
09:02
Peter Dunn
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? Askped@peteeplanner.com that's. Askped@peteeplanner.com and we will answer your question. This week. Some people did email us. But your question is fine. We might actually get to it. But we got other stuff we're doing. And by we, I mean Damien Dunn. No relation joins us. Vice President of Advice at your moneyline. Hello, Dame.
09:28
Damian Dunn
Hello, Pete.
09:29
Peter Dunn
Dame two things we're talking about this week. The first, you noticed something really interesting that matters a lot to you and I in its advisor fees, like how much investment advisors charge for their services. You happened to have noticed you got access to a really high fee that we're going to discuss. And it's also a big disclaimer week here on the yes, we, because we're going to be talking about specific situations. What we don't want you to do as a listener is to think we're speaking in generalities, in which we're throwing everyone under the bus. Is that fair?
10:10
Damian Dunn
Dame very fair.
10:12
Peter Dunn
We are also going to cover my car buying experience from this previous weekend, of which I'm going to tell you a story and give you some perspective. And I also want to note that I am not going to be throwing anyone under the bus, but it is worth having a fair and honest conversation about how that all went down. Dame we're going to go a little chat roulette here. What do you want to do? Where do you want to start? I'm putting it to you live on the air. What are we doing?
10:37
Damian Dunn
Let's go with advisors.
10:38
Peter Dunn
All right. So Dame, there are a couple different ways to compensate an investment advisor. Oftentimes they are broken down into two categories, but there are really more than that. But we're going to start with the two major ones. There's what's called fee based and commission based. We'll start by describing commission based on how much you buy. There's a percentage of that deal that goes to the advisor, and that's called commission based. And the last decade and a half, if not two decades, there's been a lot of scrutiny on commission based advisors as to suggesting that they're going to want you to constantly buy new stuff so they can generate fees from the transactions. And those criticisms are both with merit and to some degree, without merit. Why is that.
11:28
Damian Dunn
An advisor should be compensated for the work that they do? Not everybody is going to work in the same way or build their business the same way. And if they choose to build off of commissions, then so be it. But they need to be upfront and clear about how you are going to be charged. Now, commissions can also be charged in a number of ways, pete, I'm sure you remember there were three main types of mutual funds you could sell a shares, b shares, and C, shares 20 years ago, and they all had different structures for commissions. And through enough consideration and concern, b, shares no longer exist because of how that commission structure was set up or the surrender charges that came along with B shares. So now you're left with two. But commissions can be a perfectly valid way to pay an advisor.
12:20
Damian Dunn
They can be perfectly fine so you don't have to run for the hills if somebody says they're paying on commission.
12:25
Peter Dunn
Yeah, I agree with you there because what always concerned me is when you're like, well commission based advisors don't have do what's in your best interest. That's not true. That's just simply not true. It's acknowledging and observing a pay structure and then jumping to this conclusion that the person is somehow getting over on you. And that's just not the case. Which is also true of a fee based advisor who earns a set fee, whether it be a percentage of your total assets or a flat dollar amount fee based on the advice that they give you. And Dame, the assertion for the last couple of decades in our industry is by default this person is more honest than the person charging you a commission. Which also is a falsehood because that doesn't even make sense. That is also jumping to a strange conclusion.
13:12
Damian Dunn
Yeah, fee advisors always had this and I would assume they still do have this almost assumption of fiduciary responsibility and nowadays that does come as part of the package. It didn't always happen that way though. So you could potentially get wrapped into an advisory account where you're paying fees sometimes lots and lots of different fees and end up in worse shape than if you just dealt with a commission based advisor. So one does not necessarily connote a better deal for you than the other.
13:48
Peter Dunn
What's the difference between connote and denote.
13:50
Damian Dunn
A C and a D?
13:52
Peter Dunn
Dame, the standard fee that a lot of people look at on fee based advice, sort of the marker if you will, is 1%. Okay? So what happens is let's say you've got a million dollars to invest and I'm using round numbers because they're easier on the radio and there is a 1% management fee. It means you pay your advisor $10,000 a year to manage your $1 million. That is 1%. Dame, does a math check out?
14:24
Damian Dunn
I believe so.
14:25
Peter Dunn
Okay, so the standard good, bad or otherwise is 1%. What you often see is the more money you have, the lower those basis points go. So 1% in the financial world is called 100 basis points. So if you ever talk to a financial person or anyone in the financial world they'll just say it's 100 basis points. But they describe it to advisor or investors as 1%. Now Dane, what you see is you see those basis points start chipping away when it goes up to 2 million or 5 million or even at a million and you can find its way down to 75 basis points. Down to 50 basis points. Where do you think most high end a million dollars or more? Where do you think they land in that 75 basis points area?
15:08
Damian Dunn
Somewhere between 75 and 90 would be my guess.
15:12
Peter Dunn
Okay, that is also to say that you can climb above, there's nothing restricting you from climbing above 100 basis points. But I would also note that in the same way that a real estate transaction typically costs you six to 7%. If all of a sudden the real estate transaction cost you, I don't know, 19% or 18%, that would be somewhat troublesome, wouldn't it, Dame?
15:40
Damian Dunn
Absolutely.
15:42
Peter Dunn
So when you saw a fee this week at two and a half percent, you sent it to me and I've seen it, of course, but you and I love to talk about this. Two and a half percent is a lot. Yeah.
15:54
Damian Dunn
It is not the standard. At least what I hope is not the standard. And by industry reports, I know it's not the standard. And to be fair to this particular advisor and their firm, it was a range capped out at two and a half percent. However, when you are thinking about entering into a relationship with an advisor, you've got to figure out all of the services that come along with it. Maybe this advisor is doing all sorts of stuff. Maybe they're preparing your taxes for you and sending them off. Maybe they are doing a whole bunch of legal estate work behind the scenes and it's getting wrapped into this advisory fee.
16:29
Peter Dunn
Maybe sensual massage.
16:31
Damian Dunn
Absolutely. Oils are going to go up in price. I can just see that based on everything that's going on in Europe.
16:38
Peter Dunn
Wait, I got to laugh at you publicly. That was funny. I mean, my joke was funny, but yours was funnier.
16:43
Damian Dunn
Yeah. So that is part of the consideration. You have to figure out what services are being included in the fee and are they reasonable. Do the quick math. Figure out if you were to separate those out and take those on individually, would you be in the same neighborhood? However, two and a half percent, that's a lot. Is a lot. And I know on the face of it, somebody says two and a half percent. Well, it's not that much. But when we start talking about real money, real dollars, oh, my goodness. You talk about chipping into your long term growth, the ability for you to amass wealth. Chances are, and to be fair, they're not charging two and a half percent to somebody who's got $5 million with them.
17:28
Peter Dunn
No, it's someone making $100,000 or less. And you know, it's something like that. And don't get me wrong, does it cost $2,500 to service someone making $100,000 or less? Maybe. But what most people do is then they don't work with people that make $100,000 or less because it's not the fiduciary thing to do. And you and I have been critical of people who don't work with lower asset people. We've been critical of that. But I'll tell you, the solution is not to crank the fee up to two and a half percent.
18:01
Damian Dunn
Yeah. You still have to do what's right by the client. And you can say, well, the client has a chance to say no, but sometimes the client doesn't know any better.
18:09
Peter Dunn
Let's do this let's take a break, let's catch our breath and let's come back and let's explore this a little bit deeper. And then a car buying story for the millennium. I'm Peter Dunn. Pete the planner. And this is the Pizza Planner show. That's a lot. What do you think the threshold is?
18:33
Damian Dunn
Maybe. But I know other advisors in town, in my area who routinely charge a buck 25 to people with a quarter million.
18:50
Peter Dunn
A buck 25 at a quarter million. That's a little bit more fair.
18:57
Damian Dunn
Yeah. Again, it goes into the services that are being provided and all know, I should I save it?
19:06
Peter Dunn
Save it. Because I have the same thought. Hey, Craig P. Anderson, everybody. How to get a great deal on a Porsche coming up. Quite the opposite. By the way, Craig P. Anderson came, did a little leadership thing for our little makes it seem small. I don't know why I did that, but it was an hour and a half for our executive team. Does a great job, clear path coaching. Check out Craig P. Anderson. He fire hosed us dame.
19:34
Damian Dunn
I've already shared the quote, problems don't age well twice with two other people.
19:40
Peter Dunn
I've shared it twice today. I've shared obviously, problems don't age well. I doubt that's Craig's quote, but I think the value of someone like Craig is that they become a compendium of all of these things. And that was really great. Let's just hit it because I've got spicy thoughts. This could be two segments. And then the carbine, which itself is like a two hour story. I don't know. We're getting super peter this week. Extra long.
20:09
Damian Dunn
All right. Ready, set, grow.
20:15
Peter Dunn
Ready, set, grow. I remember in fourth grade, we call it family Life is What It Was. And I got home, my mom has told me this story since I don't remember it, but she has retold it to me because it was so funny. And she asked me what I learned that day. It was at a dinner table. And I said, you better pray that your parents don't have bad teeth because on the video, apparently both the parents had like real bad teeth. And then the kid who was part of this family in the video had bad teeth too. Then my takeaway as ten year old was dental hygiene, which is really funny. I can't take credit for it, even though it was me. But it's funny when you're a kid and they're wanting us to understand genetics, right? They're wanting us to understand how your body is going to change.
21:16
Peter Dunn
And my takeaway was if your parents have bad teeth, you're screwed.
21:21
Damian Dunn
The powers of observation were strong with you even when you were young.
21:25
Peter Dunn
I will note. I used to watch all these different videos when you're in kid. That's how they taught you things back in the day. There was this never mind that took a turn in my head that I couldn't recover from thank God for Miguel Kirkland's signature cold brew coffee, 100% Colombian. That's the power of Miguel Magusta.
21:53
Damian Dunn
Miguel, Olivia, if you are listening, I would encourage you to make sure that you reach out to Slash Kirkland to see if we can get a sponsorship deal.
22:02
Peter Dunn
Okay, here we go. In three, two, one. Back on the pizza planner show, talking advisor fees. Dame, I am not an investment advisor. I was. You are not an investment advisor. You were. But we're talking about investment advisor fees, the standard in the industry of what to pay your investment advisors about 1% 100 basis points. So you take the amount of assets they're managing for you multiply that by 1%, and that is typically your fee for their work that year. That is not to suggest that there's the end of your fees, because you still have to at times pay fees on the investments themselves. If they were mutual funds, they would be things. I called twelve B one fees, but that's neither here nor there. Dame, you and I during the break wanted to sort of talk about this, and we quickly said, save it for the air.
22:56
Peter Dunn
I have a very cogent thought that I would like to share, but I would like to hear yours first because we got the same look on our face during the break.
23:02
Damian Dunn
So I'm almost certainly going to go a different route than you are, but I am. I remember the last few years that I was in the game.
23:16
Peter Dunn
All the.
23:17
Damian Dunn
Talk was fee compression. Fee compression. It's going down because there's going to be so much competition. You're going to have to figure out a way to bring new clients in. Fees have to go down to be able to work with people and show them they're getting a good deal. I don't think that's been the case at all. I think it's actually potentially gone the other way, depending on what industry report you see. Maybe that's the case, maybe it's not. But from my little bits of information I can still get out of my friends who still do this, I don't think fees are any less than what they used to be, and I would guess they're probably maybe ten basis points higher on average.
24:01
Peter Dunn
All right. Definitely not the direction I was going. And you're right, in my opinion. There has been fee compression, though, at the institutional level, right? Your four hundred and one k that you have through your company or your employer, I should say tons of fee compression there. I mean, a ton of fee compression to the point where it has negative ramifications, in my opinion. And I also have to note I'm biased because we live on the outskirts of the 401K world and the work that we do in financial wellness. Here is my thought, Dame, and this one's not going to gain any friends. Let's go back to real estate for a second. Let's say you put your home on the market and you sell your home, and you have a $200,000 home, and the fees to sell your home are $14,000. So 7%, $14,000 of $200,000.
24:55
Peter Dunn
Deal. And let's say you put your home up and it sells the same day. Did your Realtor do $14,000 worth of work? Did they add $14,000 worth of value? Right. An uncomfortable question to ask in a vacuum. Alas, we are not in a vacuum. We're talking about financial advisors. Dame if you have a million dollar portfolio and your advisor charges you $10,000 to manage it dame why?
25:32
Damian Dunn
Well, how many meetings are you getting? How much FaceTime are you getting with the advisor? How much work it goes into your monitoring, your financial plan, and then the other services that could be provided. It does get to a point, though, where you have to ask, all right, how much time does an advisor and his team or her team have reasonably in servicing my portfolio and my financial life each year? Does it add up to be a reasonable hourly rate? Because a lot of advisors do have hourly rates in their ADVs. If you wanted to get financial planning and just straight financial planning, I don't know. It's something that I wrestled with myself for a long time was, okay, what value am I actually providing to somebody if I'm just charging a flat? If I'm getting a flat fee and I'm meeting with them once or twice a year, and the investments are largely taken care of by a rebalancing piece of software, it comes to a point where you have to be very honest with yourself and how you're going to do business.
26:46
Damian Dunn
And if you're comfortable with that, then, okay, you can do it.
26:49
Peter Dunn
Clearly, I'm just playing Satan's advocate, but I don't know if you see devil's advocate. People are like, yeah, how about bezelbub's advocate? Look, I think advisors a lot of times absolutely do earn their money, and it is about compressed knowledge is something that I like to acknowledge. So let's overshare. Dame I get paid to speak for a living from time to time, okay? People fly me to a place, I talk for an hour, and they pay me an amount of money, and then I go home. And I generally have consumed a lot of the local delicacies. Now, if you think, well, is my hourly rate what my speaking fee is? Do I just charge that every hour of my 40 hours week? No, I don't. But it's the compressed knowledge. It's all of the experience that goes into being able to put together the most compelling 60 minutes, and that's why I can charge what I'm able to charge.
27:54
Peter Dunn
And so the same can be said about any professional consulting. And if your investment advisor is helping you accomplish something, it's not always just about the time they're using on your account or the time they're selling you on your account. It's about their compressed knowledge. Do you buy that?
28:18
Damian Dunn
I do. If you look at, I think Vanguard did a study a number of years ago on the value that advisors provide to their customers and how much roughly it makes a difference in their portfolio. The biggest component, if I remember correctly, to that study, was that advisors prevent people from making silly mistakes or shooting themselves in the foot. I want to say it was like one and a half percent is how much value that adds to somebody's portfolio. So if you're charging a percent annually. Annually. Annually. So if you're charging a percent, they're still coming out ahead on top of whatever services you're providing them. In addition to that, is that always the case, though? Probably more often than not. But do you need a CFP to prevent somebody from making a financial mistake? Depends on what area we're talking about. What I'm saying is you have to be careful about what you're trying to get out of the relationship.
29:22
Damian Dunn
Is it just strictly investment advice? Is somebody just making running portfolio for you? Okay, maybe have a fee in line for that? Is it complete financial planning and estate planning that is very valuable for a lot of people, and there needs to be a fee associated with that. That's why you see a lot of advisors now charging separately for the financial plan instead of baking it into the overall fee that somebody's paying for investment management. So make sure that you understand what you're paying for, what you're getting and what you hope to get out of it. There is value in working with an investment or a financial planner. We've encouraged people to work with financial planners from the first time I was on this show. So it's not we're anti financial planner at all, but this is more of a plea to make sure you understand what you are getting for the fee you're paying and that you're comfortable with it.
30:13
Peter Dunn
And if the fee is two and a half percent because you don't have enough to invest unless you're like, I have to be with this investment advisor because they're bringing me so much more value, it's likely that they're charging you two and a half percent to justify working with someone like you. And that sounds horrible, but it's likely you should work with someone else. I mean, that's okay. That's an honest conversation, and no one should feel bad about that. The investment advisor shouldn't feel bad about it. You as the client should not feel bad about it. I should not feel bad talking about it. And it really plays into what we're talking about next. So I sold my car this weekend to a car dealer because I didn't want to list it privately, because my expectation I did not want to deal with that. So I took less money that I could have gotten selling it myself.
31:03
Peter Dunn
And some people think that, like, well, you could. Have just taken the time. I didn't want to. I didn't want to. I don't want a brownie recipe. I want to make a box of brownies. And I will pay a premium for a good box of brownies because I don't want to make them myself. So coming up after the break, we're going to talk about one of the strangest consumer experiences I've ever had. It lasted north of 10 hours this weekend. All of that is next right here on the car buying experience. I'm Pete the planner. I haven't told you anything about my experience, have I?
31:38
Damian Dunn
10 hours.
31:39
Peter Dunn
Just relax. I don't settle down. Have you figured has anyone figured out what the lyrics are this week? Dame, this is how I know that we aren't related. Sometimes people are like, come on, you're definitely related. We're not related because you don't know these lyrics.
31:55
Damian Dunn
No.
31:57
Peter Dunn
Anybody bueller? This was the first cassette tape I owned really? In 19 2nd grade or third grade, probably 86. I bought two tapes at the same time. I bought this tape, and I bought Guns and Roses, Appetite for Destruction.
32:23
Damian Dunn
Holy smokes.
32:25
Peter Dunn
So this tape was Run DMC's, Raising Hell, and this is Peter Piper, which is the first track off the album. So Peter Piper picked peppers. I'm not going to rap on my radio show. That seemed, like, very regretful, very quick. All right. God damn. Someone's going to tell you it was entertaining. Chad Force and I were having a really funny conversation before the show, but it's definitely not a show topic.
32:55
Damian Dunn
Thanks for bringing it up.
33:00
Peter Dunn
Okay, are you ready for my carbine story? We only have nine minutes and 40 seconds, though, so if you have a question that you need answered in this, it's, like, to get the information that you need to feel this way about whatever, get it out. You know what I mean? Interrupt me. Okay. Yeah.
33:16
Damian Dunn
You're going to have to compress 10 hours into nine minutes.
33:22
Peter Dunn
I'm sitting here trying to think, how do I self edit this? I got a good 30 seconds of disclaimers. All right, let's go.
33:32
Damian Dunn
All right.
33:33
Peter Dunn
I'm not in a hurry. Look, I just want to hang out with big Rick Swink. How can you be named Rick and not have people call you Big Rick? I don't even know the size of Rick. Rick could be an average sized man.
33:45
Damian Dunn
Could be. Let's not find out.
33:48
Peter Dunn
Let's just talking to a guy this morning. The guy's like, six four, and the guy's talking about his sister played volleyball. And I was like, well, she's tall, right? He's like, no, she's only, like, 511. And I'm like, I'm five nine. Nah, she's only 511. I'm like, I'm right here. Can you see me? Rick Swink? Six three.
34:12
Damian Dunn
It's not huge.
34:14
Peter Dunn
What are you, six one?
34:15
Damian Dunn
Yeah.
34:18
Peter Dunn
Nah, she's only 511. I'm right here. Okay. Three, two, one. Back on the Pete the Planner show, dame bought a car this weekend.
34:31
Damian Dunn
Let's hear more.
34:33
Peter Dunn
First, let's get through the disclaimers. Truly not a car guy. I don't care. But I need a car, and I want a reliable car, and I want a good value, but I just don't care. Now also, these are the more important disclaimers. I am not disparaging the automobile business, the car buying experience. My comments today are primarily going to revolve around supply and demand and how that has severely impacted the consumer experience. I'm going to tell you a first hand experience of what I went through. I am not necessarily right. My observations are my observations and my perspective, and I blame no one for what I went through this weekend. Is that fair? What I don't want is someone in the car dealership world to email me and think that I'm disparaging anyone other than just sharing my experience. Do you feel that's clear? I've wasted a minute on this.
35:30
Peter Dunn
Do you feel that's clear?
35:31
Damian Dunn
I am so excited to see where this goes.
35:34
Peter Dunn
I left my home at 08:45 a.m. On Saturday morning, and I said to my wife, I have basically two months to find a new car because I have a lease. I'm coming off of a lease. I got to be done. So I go out to the first dealership. I arrive at 859, and they open at nine. This is the car that I thought I wanted. I walk around the lot, they don't have any of those cars. In fact, as I'm looking around the lot, I could not see a single new car that they had on the lot. And I thought to myself, in my micro calculation, oh boy, this seems like a problem. So I did have some time constraints in two ways. I had two months to get this done, and then I quickly realized that this was not going to be an easy process, which that feeling gathered as the day went on.
36:24
Peter Dunn
And so then I thought, this is actually the only day, truly the only day, because soccer season is starting. This is the only day I have in the next two months to dedicate hours to this. And that is not an exaggeration. So I went to the next dealership, talked to a guy, got into a car. He said, do you want to test drive it? And I said, Look, I got two months to make this decision. He said, I feel you. Come inside for a second. I was like, okay, I'm a good customer in the sense that I'll let someone do their job. I'm not going to try to jump in front of it. He said, look, at this point in time, that is the only car I have on my lot. And it came in late last night. He said, Are you looking for a new car?
37:08
Peter Dunn
I said, Well, I'm looking to lease. And so he said, okay. So yes. He said, at this point in time, people are ordering what is going to come in the next 30 days. He goes, So if you want to look at my list and see if something that catches you, if you like it, you can put money down on it. If not, you come in tomorrow. It's probably not going to be available because there's so much demand and so little supply. And he said, And I want to tell you something else that is unique to our dealership or our brand is that most of our wire harnesses are made in Ukraine, and these other dealerships or these other car manufacturers are in the same boat, he said, so our supply is getting worse. And Damon, this conversation this quickly turned into not a guy trying to sell me a car.
37:51
Peter Dunn
This turned into a guy saying, hey, look, I just want you to understand what you're up against based on what you shared with me. Wow. So you see the complexity of this already?
37:59
Damian Dunn
Yeah.
37:59
Peter Dunn
So this is 30 minutes in to my car buying expedition, of which I told my wife I'd be home by 11:00 a.m.. So I'm like, you know how I am. I love information. I love information. And when I get information, I synthesize that information so I can move forward. And so at this point in time, at 09:30 a.m., I'm like, It's happening today. And it wasn't about me wanting a new car. It was a practical decision. And so then I went home briefly, and I shared with Mrs. Planner what my plan was. And what I also ended up doing was blowing up her Saturday. Right. Because now she's with like, I just blew up my whole family Saturday. So I go down to the south side of Indianapolis. That doesn't really matter. I wish I hadn't said that. And I went to a dealership of which I thought I wanted to get that type of car.
39:00
Peter Dunn
But in the meantime, as part of this, to make this work, I had to buy out my lease that same day, two months early, and then find a place to sell that car to. And so I'm doing this on the fly. In the car, I find a dealership on the south side of which I could sell my car and make $9,000 based on the residual value of this lease. So in my head, that is a done deal. But I can't do that deal until I do the other car deal, because it was possible that day I ended up with two cars on the south side or no cars on the south side. And the goal was to come up with one car on the south side. Dame, you and I are a lot the same in one capacity here. We love a complex.
39:44
Damian Dunn
Oh, yeah. Yeah. I'm just imagining the figures and logistics floating in front of your eyes at this point.
39:52
Peter Dunn
So I'm both hating this and loving this. Right. I love the challenge of like, okay, let's go. And also, I'm coming from a place of privilege. Things are fine. It's a problem of my own making. Everyone, I'm not asking for your sympathy. I'm just telling you what I've experienced. So I went to this dealership and I saw the car I liked. I test drove it. They had some driving this car. I'd convinced myself over the last couple of weeks, this is the car I'm going to get. Didn't like it. Really didn't like it. Too big. Felt like a boat. Didn't like it. As I'm pulling back into the dealership, I see another car. I was like, when the world is that? And the guy was like, what's this? And I was like, what is that? And he's like, well, it's the 23. And it looked exactly like the car I was about to sell down the street.
40:40
Peter Dunn
So I was like, well, let me look at that. He's like, you want to drive it? I was like, yeah, let's drive it. He goes like, this is the first one we've had. So I start driving, and I'm like, I want this car, like, ten minutes in. So I get there at 230 by 245. I'm like, I want this car. I leave that dealership at 730 at night with my new car, and it took 5 hours for me to get this car.
41:06
Damian Dunn
Credit problems?
41:09
Peter Dunn
No, but different show, different topic. I did get to sit there for 5 hours and watch other people navigate the car buying process, which that starts to feel judgmental. So that's not the point of the story. Here's where it got there were some fees associated with it. Market price, adjusted market pricing, all of this. And I was like, Man, I don't know. And I wasn't playing like leverage guy. I was just like, what can you do here? Because this doesn't make sense to me. And the guy looked me straight in the eye, the finance manager, and he's like, Turn around. I'm on hidden camera. Turn around. There's dozens of car buyers. They have three cars on the lot. He goes, if you don't buy this, someone else is going to buy it. And you're back in the same position again. Not a sales technique. Sounds like a sales technique.
42:02
Peter Dunn
Could be a sales technique. And I was like, I did more math. I got more information. I was like, you know what? He's right. And if I go two more months leasing my car, I'm going to be in a worse position with less time to deal with it. So I did the deal, and I still ended up in a good spot. I got a nice car that was a lot cheaper than my last car. I think it's a good idea. I get better gas mileage. I can use a lesser quality fuel. And I made $9,000 on the day. But Dame, the car buyer, has less than zero leverage right now. No leverage whatsoever. And it's going to get worse over the next couple of months. If you have to buy a car, first of all, make sure you have to buy a car. Make sure you have to absolutely do it if you're thinking, well, that's why I buy used that market's actually worse.
42:56
Damian Dunn
I mean, you didn't technically have to buy one. You could have just bought your lease out and kept it.
43:00
Peter Dunn
True. But I did the math spreadsheet that suggested that my better bet was to buy it out at its peak, sell it at its peak, pocket $9,000 and then release another car. So anyway, the takeaway is this the dealership did nothing wrong, but it was a horrible experience because I sat there 5 hours with perfect credit, like an 840, right. And I had money and it took 5 hours after I said yes, it was wild.
43:37
Damian Dunn
Yikes.
43:38
Peter Dunn
I know. Then I was leaving the guy's like, you're going to get a survey to say how this experience was. If we get anything less than a ten, we fail. And I was like, we have a relationship now. I've been here for 5 hours. I've spent more time with you this week than my kids. How can I give them? So after the break, I'm going to talk about how do I score these people given that was there for 5 hours.
44:02
Damian Dunn
All right.
44:03
Peter Dunn
Because I'm not trying to get anybody in trouble. That's next on the Pete the Planner show. I'm Pete the planner. Was that the least you've talked in a segment since you've been on the show?
44:13
Damian Dunn
Yeah, I think I said or groaned like ten words.
44:17
Peter Dunn
Sorry. But I mean, it's sort of the narrative, so I guess I want to talk about this on the air. But I'm not a yelp man. I'm not like, this person offended me. I don't want any part of that. But it was also not great. Sorry, Rick. I'm not going to tell you what type of car actually I will. It's a kia. It's a Kia Sportage. A 2023. I don't know why I wouldn't tell. Who gives a crap? It's nice. It's super nice. It's exactly like my old car, which was a luxury car, but I don't care. And that's also what I've discovered in this process.
44:58
Damian Dunn
Like most Americans, cars are appliances for you.
45:02
Peter Dunn
I've never heard that.
45:03
Damian Dunn
They just need to work and get you from point A to point B. Reliably.
45:08
Peter Dunn
So dame. I emailed the car salesperson the next day asking a question about the car and they didn't email me back. I emailed him another day, they didn't email me back. And yet now he's telling me that with this survey, I've got to give him a perfect score. But I don't want to be involved. So the solution here is to not fill out the survey, isn't it?
45:31
Damian Dunn
Or just be honest.
45:33
Peter Dunn
Why? What's it matter?
45:37
Damian Dunn
I guess that's up to you.
45:40
Peter Dunn
But I mean, that's the thing. Let's say you go to a restaurant and you don't like how they make their mashed potatoes, who cares?
45:47
Damian Dunn
But if somebody's actively soliciting your opinion.
45:50
Peter Dunn
But he's actively soliciting it, say anything less than perfect and I get in trouble. That's not someone who wants feedback.
46:00
Damian Dunn
We need somebody from the car industry to tell us what the deal is with those surveys in reality. Because every dealership says anything less than a ten and we fail and we get problems. That can't be right.
46:13
Peter Dunn
Yeah. Craig Anderson says pardon me. Craig P. Anderson. Sorry for the disrespect. I'd go with a sternly worded. Yelp review under an assumed name. Hey, I've done that. I'm just like, not there now. I mean, not this time around, but I've done this sort of thing. I don't even know if it's about extending grace to the situation. It's just like, I kind of want to be done with it.
46:33
Damian Dunn
I get that.
46:36
Peter Dunn
Mrs. Planner bit her lip. I mean, she can say whatever she wants to let her write. Not she was just like, you seriously killed an entire Saturday to get this done? She trusts me and believes me, but she thinks I'm exaggerating when I said I did not have another multi hour block for the next two months to get this done. I stand by that. I stand by that, especially through the lens of the car supply is getting worse, and then I have a harder deadline that would result in less leverage. But I don't know how I could have any less leverage than I had on Saturday.
47:16
Damian Dunn
Not in the short term.
47:19
Peter Dunn
The other thing, I was like, okay, well, I'm selling this car to premium. I can make 9000. I could just buy a used car 20,000 miles or something like that. But then I started looking at the prices and how much of the premium they're trading at, and that made no sense, which is usually my jam. That's what I used to do all the time.
47:35
Damian Dunn
Craig P. Anderson makes a great point in the comments.
47:37
Peter Dunn
Okay, if the perfect ten were that big of a deal, they should disclose it at the beginning of the transaction, not as a guilt trip at the end. Holy crap. See, this is why you hire Clear Path coaching and consulting. That's a great point. Tim Estes notes. Hey, Tim, car dealerships are trying to win national awards. Why? They want the ten survey results. They don't really want to know how they did. Jeez, you all are dropping some bombs. It's true. Again, maybe it's true. I'm not trying to throw anyone under the bus as a car buyer, as a consumer, it's weird when you've been one end of the spectrum in terms of leverage, and you end up on the other end in a couple of year period. And I understand the dynamics of the situation, but Dame, it's not like you go in to buy a pizza and they're like, hey, it's $9 and I go, I'd like to pay seven.
48:32
Peter Dunn
But what this is saying now is, hey, the pizza is $9, but we're actually going to charge you eleven now. That's what's weird.
48:38
Damian Dunn
Yeah. It's got to be tough to a certain degree for the salespeople on the floor, too. I mean, they've got zero inventory to show people around and you're selling stuff off of receivables at that point. It's not a good situation for anybody involved.
48:58
Peter Dunn
Big Rick Swank notes, I used to sell bikes at Harley Davidson, by the way. Anytime someone says, I used to sell bikes at Harley Davidson, the idea that he uses that jargon because I would say, I would sell motorcycles, man survey results affected how were allocated new bikes. That makes sense. So anyway, woe is me. Tiny violins for the guy who's fine. I just wanted to share supply chain issues, create havoc. And this next point, I've not made publicly. I wrote about this in the IBJ this week. I talked about on the IBJ podcast this week. This next topic I have not said publicly yet. I said it to Mrs. Planner and she sort of gave me that look of an emoji where the eyes are rolling back in their head. But I'm going to share it with all of you. Situations like this are where customer service goes to die because these folks are so stressed they're asked to be car hunters.
50:03
Peter Dunn
They're selling cars on a spreadsheet allocated from their manufacturer. Their job has completely changed. And not that I need to feel served like it's not the point, but it's just like me sitting there for 5 hours after expressing I wanted to buy a car that was there, that I could written a check for even if I would have written a check for it's. Like, that is the death of customer service. And that's me sounding like Andy Rooney, but there it is.
50:36
Damian Dunn
Your eyebrows aren't nearly as big as Andy's.
50:39
Peter Dunn
I've got some bushy eyebrow situation going on. Do you trim? Are you pluck? What? Do you do trim? I'm a plucker.
50:46
Damian Dunn
Really?
50:47
Peter Dunn
Yeah. That's not surprising. Least surprising.
50:52
Damian Dunn
Big plucker.
50:55
Peter Dunn
I feel like I've heard you call me something like that before.
50:58
Damian Dunn
Probably not to your face.
51:02
Peter Dunn
Look at you two jokes today. Both got a laugh. Actually, several jokes. Just two of them got a laugh.
51:07
Damian Dunn
I give the credit to McGill.
51:12
Peter Dunn
I want to thank you for having effective sound this week so I can post the show.
51:16
Damian Dunn
You're welcome. By the way, 100% chance that Rick had a leather vest when he sold HarleyDavidson's.
51:24
Peter Dunn
It's called a cut.
51:25
Damian Dunn
Is it?
51:26
Peter Dunn
Yeah. A leather vest when you ride bikes is called a cut.
51:29
Damian Dunn
I had no idea. Look at you.
51:30
Peter Dunn
Yeah, I watched Sons of Anarchy. Okay. I feel entertaining today, I'm going to be honest.
51:40
Damian Dunn
We're not the final judge of that, so we'll see how this does.
51:42
Peter Dunn
I don't know. I just feel engaging today. Yeah, I have a lunch coming up with a young advisor that I really like.
51:49
Damian Dunn
What's he charge?
51:51
Peter Dunn
You know, I'll ask him. Rick says he just got a nice okay, let's do the show. Do you remember some of the comments we got a few years, like just talk about money and it's like, why listen to something else? Just seriously stop listening to us if that's what you're looking for.
52:14
Damian Dunn
There are plenty of good financially focused podcasts. We sprinkle it in.
52:20
Peter Dunn
I promise you. And I don't know this, but I promise you, if you look at the top hundred financial podcasts, top ten are probably have a lot to do with money. I'm not interested in being in the top ten because I don't want to do that. What's the point? It's the commodity at that point. They're great. They're great. We know some of those people. But I don't want any part of it.
52:42
Damian Dunn
Yeah, it's a valuable service that's being put out. They're a valuable piece of entertainment. But we choose to go our own path.
52:52
Peter Dunn
I choose to go my own path.
52:54
Damian Dunn
You're along for the ride drug. That's right. Yeah.
52:57
Peter Dunn
This is sort of involuntary for you. Okay. Three, two, one. This week's biggest waste of the money of the week right here on the Pizza Planet show is a couple things after the break or before the break. This is now. After the break. I noted I was going to make some final comment about my car buying experience. Dane, what was it? Whether I'm going to fill out the.
53:16
Damian Dunn
Survey or not, that's where were going, but I have no idea what comment you were going to make and I frankly wondered how you're going to do it in the fourth segment.
53:22
Peter Dunn
Well, I'll do this. I'm not filling out the survey, okay. Because I just want to be done with it and I'm not trying to get any in trouble. I was like, let me talk to your manager. I don't want any part of that. I don't care. Thanks for the car. I hope you have more inventory. No offense. Like I'm done, right?
53:40
Damian Dunn
Maybe you can call and say, you know what I'm feeling. This is more of a nine than a ten. Maybe some oil change as well.
53:45
Peter Dunn
Bump that up, dude, that's not how I roll.
53:47
Damian Dunn
Get some leverage. You want that leverage back?
53:49
Peter Dunn
I don't want leverage. I want to be done. Okay. So this week's biggest waste of money of the week is actually not a waste of money. I'm going this week Dame with a great use of money. It's the Patagonia by Dogfish head. Kernza Pills beer. Something about the great outdoors just makes beer taste better. Echo conscious brand Patagonia apparently knows this and thus has partnered with Delaware based Dogfish Head on Kernza Pills. Kernza's roots improve the surrounding soil and draw carbon out of the atmosphere and into the dirt, making the beer good for the planet. The German style pilsner is available now in 15 lucky states. Dame, I know nothing about this. I don't know how much it costs. Here's what I know, and I'm just going to be as honest as I can. I love the Patagonia brand. I am a suburban dad and that's what I wear.
54:38
Peter Dunn
My father was very and still is a huge fan of Patagonia when he and I used to go mountaineering together when I was a teen and he loved Patagonia. And so I saw this can and I saw this beer and I thought, yeah, I'm in. By the way, Jameson, former all time great listener, noted, I'm rolling my eyes so hard right now at Patagonia beer. Yeah. Well, I hope you enjoyed your run. No. Dame, what's in the news? Oh, wait, by the way, Patagonia is not your jam.
55:14
Damian Dunn
I wouldn't be opposed to wearing it, but it's not nearly the fixture in my life that it sounds like it is yours.
55:21
Peter Dunn
Yeah, I'm slightly emotionally tied to know because I'm a dad and I do like so anyway, what's in the news?
55:31
Damian Dunn
This week first story brought to us by team member Lisa. Medical bills have become a source of major financial trouble for millions of Americans, amounting to the largest source of personal debt in the US. Now. The top three credit reporting agencies plan to drop most medical debt from consumers'credit reports starting this summer. The announcement comes as federal regulators and consumer advocates are increasingly scrutinizing the issue of medical debt with the Consumer Financial Protection Bureau early this month criticizing the nation's medical billing system for failing consumers. Errors related to medical debt are common on credit reports and consumers often have difficulty clearing up the problems. The agency said, I have thoughts.
56:11
Peter Dunn
Oh, I didn't put them in the slack channel because I was doing something else. While everyone else was giving their thoughts and talking about it. I was being a bad coworker. Damn. I have thoughts. It could be rooted in a misunderstanding of what this is saying. But here's my understanding. Please tell me if I'm right. The debts aren't going away. It's the logging of the debts. Correct or incorrect is going away. Correct by the bureaus.
56:37
Damian Dunn
The debts remain. The record of the debts goes away. The top three credit reporting agencies said they are making several changes in how they handle medical debt. They include paid medical debt will be dropped from the consumer's credit reports.
56:55
Peter Dunn
Okay, that makes a lot of sense.
56:57
Damian Dunn
Makes sense. The time period before unpaid medical debts and collections will appear on credit report will increase from six months to a year. So you've got a longer buffer period.
57:07
Peter Dunn
That makes sense.
57:07
Damian Dunn
Taken care of. And the credit bureaus will drop medical collection debt under $500 from credit reports.
57:15
Peter Dunn
Okay, that one's fine. So those are the changes.
57:18
Damian Dunn
Those are the three that were highlighted. I don't know what else may be included.
57:21
Peter Dunn
So here's my concern, and this sounds insincere and it sounds like I'm the man beating people down, I'm not. What my concern would be is it doesn't make the debt go away, it just means the debt prevents you from borrowing more money at a lower rate. And so that is to me a bit of a red herring. Right. It's a bit of a distraction to say don't worry, you're fine. Now, do I want people to lose out on low interest rates because they have old medical debts? No, of course not. I mean, medical system needs help, but I would note that medical debt could still come back and get you if it's with a collector, a collection agency. I think we can't skim over that. Yeah.
58:09
Damian Dunn
Medical debts are often more generous in how they can be repaid. So I could see how having a lingering piece of information like this on your credit report could be detrimental to some of the other things that just need to be taken care of in your financial life that require some debt. But yeah, I think this might need a little bit of clarification for those that it's going to impact, but I have to think this is a step in the right direction.
58:38
Peter Dunn
Totally agree. I don't want to yuck everyone's yum, but still worth learning. Dane, what else is the news?
58:45
Damian Dunn
Tech companies are learning what most of us already knew teenagers are scary. The City of London police arrested seven teens on Thursday in connection with the infamous Lapsis hacking group that targeted companies like Microsoft Nvidia Okta over the last year. Cybersecurity experts said they tracked down the group's alleged ringleader, a 16 year old in Oxford, England who reportedly had masked $14 million from his after school hacking job. London police wouldn't confirm if he was one of the seven arrested. Lapses's goals were simple hack a company, steal its data and threaten to leak the data until the company paid up. Earlier this month, Lapses stole the source code for Samsung's Galaxy Devices and in February, Nvidia said the group was leaking employee credentials online. What happened, Pete? Well, whether it's a highly sophisticated cyberattack or a post band rehearsal, Denny's hang the loud mouth teens always ruin it.
59:45
Damian Dunn
Authorities discovered Lapsus because the group routinely bragged about its attacks on social media and the 16 year old leader was also doxxed by rival hackers.
59:54
Peter Dunn
Was that your copy, the Denny's part, or is that something else?
59:59
Damian Dunn
I totally lifted that from the original person who wrote it.
01:00:02
Peter Dunn
Okay, because I was like that seemed out of character for you.
01:00:06
Damian Dunn
Yeah.
01:00:09
Peter Dunn
I've just insulted you because that's a beautiful piece of copy.
01:00:13
Damian Dunn
I fully admit that I wouldn't have come up with that on my own. That's perfectly fine.
01:00:17
Peter Dunn
There is a book called Future Crimes by a person did a very good job writing it and it talks about how criminals, especially with cybercrimes, are years ahead of whatever protections. That are around to prevent those crimes. And so it is not surprising to me that teens can be part of those future crimes, if you will. I think it's Rick Goodson. I don't know. Now I got to look, but yeah. So Damon, that's not a surprising story at all. So what else is in the news while I verify whether or not actually we're going to figure it out right now? Future crimes. Mark Goodman. What I say? Rick goodson?
01:01:01
Damian Dunn
Something like that.
01:01:01
Peter Dunn
Mark Goodman mark with a C. Dane, what else is in the news?
01:01:05
Damian Dunn
The government wants to give you gas. Wait, the government wants to give you money to pay for gas? Dad jokes, pay for gas. Gas prices steadily crept up month after month in 2021, and they've soared to historic highs since Russia's invasion of Ukraine. Now, lawmakers want to help families cope from rising costs by pausing gas taxes or simply sending out cash. While the proposed payments are not officially being called stimulus checks, many recipients would view them in essentially the same way. It would be money paid out by individual states or the federal government to provide relief to those eligible. So what we've had is pausing of gas taxes in various states that have been proposed. Delaware, I believe it was going to start sending now, Maine, I'm sorry, maine Governor Janet Mills recently revised the amount that she wants to send to Mainers from seven hundred and fifty dollars to eight hundred and fifty dollars to account for inflation and rising oil and gas prices.
01:02:02
Damian Dunn
States are aggressively pursuing relief for people who fill up at the pumps regularly.
01:02:08
Peter Dunn
Wouldn't it be funny if governors of those states that do that on the envelope they had them printed with their picture that said, I did this and then I sent the check?
01:02:17
Damian Dunn
That would be funny. That would be amazing.
01:02:20
Peter Dunn
I don't know why I brought that up. All right, dame. This was certainly something.
01:02:25
Damian Dunn
Indeed it was.
01:02:27
Peter Dunn
All right. Hey, thanks for listening to the show. If you want to learn more about what we do, just save yourself some time, don't do it. You can go to Peteeplanner.com. I guess whatever send you good vibes. Good vibes. Are all that's in the budget. I'm Pete the Planner, and this was it.
01:02:45
Damian Dunn
It was you cannot deny it was something.
01:02:48
Peter Dunn
Do not deny know. This is going to be one of those days where no one's going to ask me how the show went because no one cares. I mean, anyone who I'm going to talk to is not going to go, hell was your show today? That's not in my cards the rest of the day. But if I were to encounter anyone that was like, hey, how was the show today? I would say, you know what, it was really good. And it's also one of those things in which that's my perspective, which means nothing. Nothing. Every column I've ever written in which I got done. I was like, blood out. No one cares.
01:03:30
Damian Dunn
Yeah. My Mrs. Advice asks me how the show was almost every week.
01:03:36
Peter Dunn
I think that's out of empathy, that you have to deal with me.
01:03:42
Damian Dunn
Maybe it all right.
01:03:47
Peter Dunn
Thank you.
01:03:48
Damian Dunn
You rushing off. Stop it.
01:03:52
Peter Dunn
I'm not Russian. I need to edit the show and hope that your voice is on the other end of my that is fair monitors. Okay. Everybody stay getting money. Bye.
