08:04
Peter Dunn
I did it. I bought a car this weekend. I negotiated with someone who negotiates with people all day long and ended up with a car. The car even runs. It is a used car. It is a 2020. It has 9000 miles on it. I don't know how many kilometers that is. This showed primarily its audiences in the United States. And as I was sitting there negotiating the deal with the person, and he would sort of give me a look, like, well, that's a good point. I thought to myself, this is a person, and he'd been in the business for 30 years. This is a person whose job it is to have a conversation with someone who has no idea what they're talking about at any given time because he's negotiated thousands of car deals, and the average person has negotiated four or five. And then I realized that when I got home, I probably got the short end of the stick, but Mrs.
08:57
Peter Dunn
Planner was happy nonetheless. Welcome to the Pete the Planner show. Everybody. Hi, Kristen. Hi, Dame.
09:01
Kristen Ahlenius
Hello.
09:02
Damian Dunn
Good day.
09:04
Peter Dunn
So, yeah, I feel pretty good. About 9000 miles on a 2020.
09:11
Damian Dunn
I'm still trying to figure out how that's possible.
09:13
Peter Dunn
Well, you roll back the odometer.
09:15
Kristen Ahlenius
Oh, silly.
09:16
Peter Dunn
No, it's actually a COVID story. Right? Person leased it right at COVID, turned it in. Actually, they bought it and wow. Anyway, look at Jeremy Flatter catching this live. Morning, all. Hello, Jeremy. Hello, Andrea. Hello, Jameson. Hello to the whole Kristen Alanius community. Kristen, I have a Taylor Swift thing for you today.
09:41
Kristen Ahlenius
I thought you were banning her from our show.
09:44
Peter Dunn
It was, but then Ben started with his Swifty talk, and then Gigi came to me with some Swifty talk. All right, so here's the thing. We have banned all Taylor Swift talk on the show. Not because we don't like her. It's just too much. All the local news, that's all they talk about. If you go to our local newspaper, Dame, or any of our local TV stations, the lead story is like, what do you do if you get waitlisted for Taylor Swift tickets? And I'm like, this is our it's okay.
10:13
Damian Dunn
I get it. I am sympathetic to that kind of coverage, but it is a huge economic boost to Indianapolis.
10:23
Peter Dunn
If that were the angle of the story, I would agree. Yeah, you are right. So here's the conundrum that I ran across this week. Jeege and I are team like, we believe Beyonce is a greater entertainer than Taylor Swift, and we will die on that hill. Our friend was offered a Taylor Swift ticket because her friend actually got the ticket. And so she's like, what do I do? And I said, well, don't go. I mean, why would you go? There's traffic, right?
10:56
Kristen Ahlenius
Parking.
10:57
Peter Dunn
Parking.
10:57
Kristen Ahlenius
People.
10:58
Peter Dunn
People.
11:00
Damian Dunn
The lines at the bathrooms will be.
11:02
Peter Dunn
Ridiculous because she's a woman. The men's bathroom, no line. No line. Just a bunch of sword fights. No line. Anyway, so I don't know what she's going to do, but Jeremiah invited me to go fishing. Did you guys hear this? Did you see that on the X?
11:19
Damian Dunn
We were tagged in it.
11:20
Kristen Ahlenius
I saw it.
11:22
Peter Dunn
I might have to go. Jeremiah, this isn't like some big ruse where you kill me and knock me off the boat like The Talented Mr. Ripley or Mean.
11:28
Damian Dunn
It's interesting that one of us was invited, but he tagged all three.
11:34
Peter Dunn
That's true. It felt like an invite for you guys. Hello, Jason. Chuck Knoll. Wasn't he the coach of the Steelers? Morning, coach from beyond. Kristen, any concerts this week?
11:51
Kristen Ahlenius
No, I'm on a little bit of a hiatus. I just got back from the beach. I was in French Lick. I'm ready to just chill out.
11:58
Peter Dunn
Wait, you went to the beach and French Lick recently?
12:01
Kristen Ahlenius
Yeah, I went to French Lick like two weeks ago, and then last weekend I went to Myrtle Beach.
12:06
Peter Dunn
How was Myrtle Beach?
12:11
Kristen Ahlenius
No, it was fine. It was fine. The sun was great. It was a really cheap vacation. Like cheap weekend getaway. I do think that I am maybe not quite the intended vacationer at Myrtle Beach.
12:27
Peter Dunn
Maybe without losing the audience. The audience? Can you maybe explain what the audience might be?
12:37
Kristen Ahlenius
Well, I just think that someone told me that they think it's very, like, PCB vibes. Like more like college town, spring break.
12:45
Peter Dunn
PCB.
12:46
Kristen Ahlenius
Panama City.
12:49
Peter Dunn
Sorry.
12:50
Kristen Ahlenius
Sorry. But it's just like the vibe is a little more spring break and I'm not in college anymore.
12:59
Peter Dunn
That's good dame. You doing well. What's happening with you?
13:05
Damian Dunn
Not a whole lot kids went back to school this week, so I have an odd amount of silence in my house throughout the day, which is nice. Not all that bad.
13:16
Peter Dunn
Theodore. Young Theodore had to it was the conditioning test last night for soccer. For the season. He had to run a mile in eight minutes. He trained all summer long. He legitimately ran out 611. Nice.
13:31
Damian Dunn
Strong.
13:31
Peter Dunn
Yeah. Mrs. Planner is very excited that she may have a runner on her hands. We have not talked about the show this week, guys. What are we doing?
13:42
Damian Dunn
Well, Kristen and I discussed that we have ideas for weeks at this point, so we just have to decide. Do we want to work in some of the listener emails? Do we want to go all ideas that we came up with? Do we want a bit of both?
13:57
Peter Dunn
Let's do the HOA thing I think is interesting.
14:02
Damian Dunn
Both sides of.
14:06
Peter Dunn
No, no, sorry. No homeowners insurance and auto insurance. Let's talk about that. I think that oddly, of all the things that are uninteresting, that is interesting. Okay, but you know what saying, like, it's an uninteresting topic, but it's actually a very interesting segment.
14:21
Kristen Ahlenius
Yeah.
14:22
Peter Dunn
I want to do the rate of return thing just because I could do it for the whole show. Could be me. Doing hypothetical rates of return and it would be an appealing show.
14:32
Damian Dunn
Yes.
14:32
Kristen Ahlenius
Agreed. Dane, what was your idea from last week that we didn't use? That was good. We just ran out of time.
14:38
Damian Dunn
Nobody knows. I don't.
14:41
Peter Dunn
Common idea for retirement. Due for a makeover, was it?
14:44
Damian Dunn
That was that was Monday. I put that in. This is exciting. Riveting content.
14:49
Peter Dunn
Let's do that email. Let's do that email that came in.
14:52
Damian Dunn
The big one?
14:55
Peter Dunn
Yeah, the big one. Okay. By the way, shout out to Kristen once again for her master's degree. Matt wanted to big flex on that. Big rick Swink makes his way in trying to claim that domestic beer I've promised him. And Jeremiah says that we're all invited on the boat. It's just four is a lot of people on a boat.
15:18
Kristen Ahlenius
That's fine. We know the hierarchy there. It's fine.
15:21
Peter Dunn
No, it's fine. And would it be amazing if I.
15:23
Damian Dunn
Had to hurry through the show so.
15:24
Peter Dunn
I could go be somewhere with Jeremiah? Wouldn't it be funny?
15:29
Damian Dunn
Yeah. What a twist. Didn't see that one coming.
15:32
Peter Dunn
Let's start with the column, I think, actually, because there's some meat on that bone. I always feel like the first segment of the show has to be meaty because he's on the know and it's what are we listening to? And then it's like, I like cheese and it's like I'm going to turn the radio.
15:50
Damian Dunn
There's been people that have listened to us for years, still don't know what they're listening to.
15:55
Peter Dunn
That's fair. And I would also note we are back on LinkedIn again this week. Okay.
16:00
Damian Dunn
All right. Good to know.
16:02
Peter Dunn
So polish up your resumes, everybody. Okay, here we go. That has an unintended meaning, doesn't it?
16:11
Kristen Ahlenius
Well, if somebody saw us on LinkedIn, they're not hiring us. So polishing up the resume.
16:17
Peter Dunn
Maybe come in and swoop in and be like, I need a guy in that sort of shirt to be in my company.
16:24
Kristen Ahlenius
True.
16:25
Damian Dunn
What's wrong with a shirt?
16:26
Peter Dunn
I love your shirt. I'm golfing this afternoon with some people from work, and I haven't golfed in like, five years. So I'm wearing shorts to the office and it is the talk of the office. It feels like I might get a note. I'm showing my legs to the audience. Is that a bad shot?
16:42
Damian Dunn
This is on forgot.
16:45
Kristen Ahlenius
I forgot.
16:46
Peter Dunn
This is on LinkedIn. There was big Facebook content right there.
16:51
Kristen Ahlenius
What you just said. We're streaming on LinkedIn.
16:53
Peter Dunn
I know. Come on. This stinks. Okay.
16:57
Damian Dunn
I'm wearing the shirt in support of Pete playing golf. He not played in years. And just in case they needed a fourth for their round today, I just.
17:06
Peter Dunn
Exposed myself on LinkedIn.
17:08
Damian Dunn
I know. Not even a little bit.
17:09
Peter Dunn
That was a lot. Well, 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. Ask Pete. It's one word. It's one word. Askpete@peteeplanner.com that's. Ask Peterplanner.com. And here's what will happen. We'll answer your question. Joining me, as always, are my co hosts. One. His name is Kristen. Her last name begins with an A. We call her Kristen a that's what everyone calls her. Kristen. Hello.
17:38
Kristen Ahlenius
Hello.
17:39
Peter Dunn
And Damien D. Good day. I don't know what's happening here.
17:44
Damian Dunn
Move on.
17:45
Peter Dunn
Okay, so my Indianapolis Business General column this week, someone asked a question. It was a young 28 year old man, a yonker, if you will, and he wanted to know kristen, what's the look?
17:58
Kristen Ahlenius
Nothing. Go ahead, please.
17:59
Peter Dunn
We wanted to know what rate of return he should illustrate when he projects his retirement balances and those sorts of things. And dame, you know, this is my Shangri la, baby. I love this topic.
18:12
Damian Dunn
If you've ever wanted to see somebody just get a giant smile on their face staring at a spreadsheet, this is your opportunity. You could have a love it webcam open when Pete is scrolling through this. It would be nonstop entertainment for everybody else.
18:27
Peter Dunn
And I'm just going to start in the middle I'm going to start in the middle of the concept here because it is fascinating to me. Here's an idea. Okay. Here is an idea that will blow your mind if you happen to look at the S and P 500 over the last ten years. Dame, it is averaged. What's your guess?
18:47
Damian Dunn
The last ten years?
18:49
Peter Dunn
Yeah.
18:51
Damian Dunn
Eleven and a half percent.
18:53
Peter Dunn
Christy?
18:54
Kristen Ahlenius
The over.
18:56
Peter Dunn
Okay, it's eleven point 89. Okay. Now, this is where that's the last ten years. The last 20 years.
19:08
Kristen Ahlenius
Christy, I read your column.
19:11
Peter Dunn
You both read my column. Nine, four, three. Okay, so it's 2% lower on the ten year, and this is where I just lose my mind with excitement and glee. If you go back ten years ago and then look at the ten year average, it's 2.88%. And this is why when you are trying to project your retirement balances and you try to outsmart yourself and Kristen, you were like, well, it's different this time. The economy is different. None of that matters because it's just moving targets. So, Kristen, I will just come out and ask. When you project your own long term retirement account balances, what rate of return do you use to illustrate 8%? Is it because I've talked you into that or is it because you are independently intelligent, much more so than me, and it just happens to validate my theory?
20:08
Kristen Ahlenius
It's the latter. But if I'm being honest, in the back of my mind, I'm thinking, yeah, but this is conservative. When I use 8%, I don't think I'm quite as firm in that as the two of you are. I think you say 8%. This is great. I say 8%, but it's probably going to be more than that.
20:27
Peter Dunn
Dame.
20:30
Damian Dunn
I use between six and 8% when I project out.
20:35
Peter Dunn
Jiminy Christmas. You don't even buy green bananas then. Not very optimistic.
20:40
Damian Dunn
I want to make sure that it is ready for just about any situation. Eight, I think is very reasonable. Six if you get some pretty big events or maybe a bad sequence of returns as you're getting close to retirement, I think six might be closer. So I want to see how things look in what I think is average or expected situations to maybe not so great.
21:05
Peter Dunn
Okay. So a part of this, too, is the aggregate, projected, weighted average based on what your allocation is. Right. So, Dame, if we're just talking S and P 500 and you're 100% in this highly concentrated portfolio, I gave you the percentages there, but how much are you taking into account the mix of other asset classes?
21:27
Damian Dunn
Pretty heavy. I try and make it look as reflective of how I'm invested or how I think I will be invested for that period of time. So I don't have something terribly skewed. It doesn't do me any good to illustrate an S and P 500 only return if I'm never going to be only SP 500. It has to be representative. That's why we get into these discussions of benchmarks sometimes and how I think when financial planners show their reporting to the clients of how they've performed, what are they comparing it to? If they're comparing it to a benchmark, what's that benchmark? And is it representative of the portfolio that's actually being illustrated there?
22:08
Peter Dunn
Facebook Live Stream viewer Matt asks Dame, do you project out inflation as well, or is 68% not inflation adjusted? That's a good question. When I project out, I actually don't adjust for inflation.
22:19
Damian Dunn
Really.
22:19
Peter Dunn
I do that after the fact. Okay. Yeah.
22:22
Damian Dunn
I mean, it's usually just kind of lumped into the projections. I can toggle it on and off with various calculators I use usually, and so I'll look at it both ways, but I never ignore inflation. It has to be part of the consideration as you're going forward.
22:37
Peter Dunn
Kristen, you're young and sorry. Do you account for asset mix within your portfolio, or is it just like, a lumpy? It's eight.
22:50
Kristen Ahlenius
It's eight because my follow up question to Dame was going to be, how are you invested? Like 80 20?
22:56
Peter Dunn
Yeah. Can you answer that, dame, can you give also a disclaimer before you answer it, if you choose to answer it? Yeah.
23:02
Damian Dunn
So this is how my family and I invest based on our risk tolerance, on our time horizon. It is not necessarily what's appropriate for you. We are probably 90 ten.
23:14
Peter Dunn
Yeah.
23:15
Kristen Ahlenius
And you're still at six to eight.
23:17
Peter Dunn
Yeah. Okay. This is nine segments. This is the next three weeks of shows. I got to get Andy's question in here real quick, and then, Dame, I got to come back. I have more questions. I still use 3% for inflation on long term. Do you both of you?
23:35
Damian Dunn
Yes.
23:36
Peter Dunn
Kristen, what's your mix?
23:38
Kristen Ahlenius
Like, 99 to one?
23:41
Peter Dunn
Yeah, I'm probably between the both of you, like, between somewhere between okay, so, Dame, this is interesting. So the mix, if you look at your mix and then the historical data, it would suggest eight is more appropriate. Right. So is the hedge on the six, is it like a catastrophic hedge? Is it more of I don't like the direction of the way capitalism is headed. Again, you don't have to answer. I'm just curious. Is there a particular hedge that has you go other than just prudence? That has you go, let me take a look at six.
24:22
Damian Dunn
That's prudence. Economics is the dismal science. And so I kind of dig into that and say, okay, let's pay attention and make sure that we are prepared for less than ideal returns long term. What's the downside of illustrating six? I save more and I get ahead of schedule. I don't see the downside of saying, okay, here's what is reasonable, here's what is very less than reasonable. And if I motivated to do a little extra on that side of it, so be it.
24:56
Peter Dunn
Wow, someone's oversensitive this morning. It's definitely a shirt.
25:01
Kristen Ahlenius
That statement right there accurately depicts why he uses six to eight, because he's like, what's the worst thing that happened? I think that answers the question for me as to why he uses six to eight.
25:13
Peter Dunn
All right, so here's the other side of this, and I will speak for myself, and you feel free to speak for yourselves. I have met numerous people that if you ask them what rate of return they not only shoot for, but plan on accounting for going forward, they'll lob 20% at me. They will literally lob 20%. So I wanted to illustrate something here for a second. Let's say you put $100,000 away for 30 years and you didn't contribute anything else. And at first, we take a look at the 9.43% that the market has averaged over the last 20 years. You end up with 1.49 million. And if you go to the eleven point 89% that we've actually gained in the last ten years, on average, you end up with 2.91, almost double, because of a 2% difference. Now, this is where this gets really dumb.
26:09
Peter Dunn
If you did the 20% thing, like, people have tried to talk me into clients in the past. Kristen. $23.74 million is the output of that. And it's with that we must collect ourselves. Take a deep breath and come back with more of the Pizza Planner Show car insurance. Why is it going up this year? That's because I got a new car. That's next on the Pizza Planner show. I'm Pete the planner. Well, new to me. New to me. New to you, new to me, man. The guy, when he was sold us the car, like, you're signing the deal. It's not the guy, but it's the guy that you have to go in and it's a finance guy, I guess, right? Yes. And he's like he's got spiels, like, funny little things he says, because recite this paper. But he's doing this thing, and it's fine, right?
26:59
Peter Dunn
I'm not bothered. But then he's doing, like, the BMV paper form, the form to transfer the title and do all this stuff, and he's like, we traded in a 2008, by the way, and he's like, well, here the $4 of Xi stacks you pay on this car. And it felt like a shot. Like, it was like, yeah, we have a 2008. We're here to get a 2020.
27:24
Damian Dunn
It just felt very is there any expectation that this vehicle makes it as long as your last vehicle?
27:33
Peter Dunn
That's a great question. I think our goal is probably eight years. Eight to nine years. I'd like to get 200,000 on it. We'll see. I don't know how much we're driving. Our life is changing so much right now with teens. I don't know. I'm dropping kids off at the soda fountain. I don't know what we're doing.
27:56
Kristen Ahlenius
Quickly between the break. Can I call something out, Pete? And thank you for something.
28:01
Damian Dunn
What? Hold on. He doesn't get this very often. Everybody pay attention.
28:07
Peter Dunn
Yes, please, go ahead.
28:08
Kristen Ahlenius
Well, last week, someone wrote us a really nice email, and you read it, or maybe the week before. Who knows? About time. And were just talking about how it's so nice to say when you appreciate something. And I would just like to call out in the email that we just referenced in the segment, at the very end, you referenced a financial advisor, and you used her. And I would just like to say that I noticed that, and I really appreciated that.
28:31
Peter Dunn
Well, thank you for noticing. When I write my columns and I reference financial advisors, I have made the choice over the last five years or so. If I'm going to use a pronoun, I am going to use the feminine pronoun. I am going to use she or her, and that's what I do. So thank you for noticing. The reason I do it is so that people can feel seen. So thank you.
28:54
Damian Dunn
I would also like to say I'm glad that woman listens instead of watches, because that first segment or before that first segment, as you showed, your shorts, might have caused her to fall off her treadmill.
29:05
Peter Dunn
I feel like I got pretty good calves. Oh, we're on LinkedIn. Don't do it. No, but I mean, they're pretty good. I don't know what you'd do with a calf.
29:14
Damian Dunn
You can throw it to a.
29:19
Peter Dunn
Oh, my man. Sarah says thank you. I think she assumes that I was going to show my oh, okay. What are we doing? Car insurance?
29:33
Damian Dunn
Yeah, I mean, if you want to keep digging into numbers and why we use them. And there were a couple other things were up there. I mean, we can keep going into that if you want.
29:49
Peter Dunn
Yeah, let's pivot.
29:50
Damian Dunn
Okay. Pivot.
29:52
Peter Dunn
Dame, have you and Mrs. Advice made a list of where you ate your anniversary dinner over the several anniversaries that you have. So Mrs. Planner and I have this running list of where we celebrate our anniversary. It's in my evernote because I send her calendar invite and I have 23 years worth of restaurants I'm looking at right now. It's sort of fun. And we try to go through them every year. It gives us something to talk about at dinner because after 23 years, we have nothing to say to each other. So we just go over where we've eaten.
30:27
Damian Dunn
The first four years of our marriage. My wife spent our anniversary just as often with another man other than me.
30:36
Peter Dunn
I am uncomfortable.
30:39
Damian Dunn
She was working on the road for a very large accounting firm and she was just scheduled to be out of town so we would have a nice phone call. Happy anniversary. And that was it. So I don't know where she ate.
30:51
Peter Dunn
Nice. Dane would jump on tinder and go get some hot know. It's just that you guys mike, I did a different caffeine move this morning.
31:05
Kristen Ahlenius
Oh, no.
31:06
Peter Dunn
And it feels like it hit good. I don't know what's going to happen on the golf course. I'm going to have golf jokes.
31:16
Kristen Ahlenius
You're going to crash.
31:18
Damian Dunn
Okay. Everybody's just playing their own ball today. Is it a scramble?
31:23
Peter Dunn
No. Like, lubs is really good. So I'm like, oh, he's on my team. And you other two knuckleheads, you're up against us.
31:29
Damian Dunn
I was going to say, what's the chances you break 100 today?
31:33
Peter Dunn
I don't know. I'll say this, I don't play the boss card very often. I really don't. But if I'm going to be in a forsome with the best golfer in our company and I'm going to be on his team.
31:43
Damian Dunn
Is he a single digit?
31:46
Peter Dunn
I think he's a scratch golfer, yeah.
31:47
Damian Dunn
Really?
31:48
Peter Dunn
Yeah. Wow. That's all I've heard about. I get to watch him in action today.
31:52
Kristen Ahlenius
No pressure.
31:53
Peter Dunn
Should we call Doug real quick on the air because bitcoin is approaching $30,000. Should we tease him a little bit.
31:59
Kristen Ahlenius
Or is he we will get fined if Doug comes on the think he.
32:05
Peter Dunn
Will start getting saucy.
32:08
Kristen Ahlenius
Well, he'll make investment.
32:10
Peter Dunn
Oh, yeah. I thought you were going to say he was going to say bad. No, no, I'm more likely to do okay, let's do this. A show in three, two, one. Back on the pizza planner show. Kristen, we're going to talk about homer's insurance and auto insurance. There's this expectation that dame shared with us that premiums are going to be going higher here soon. Did you know this before dame shed that sort of light?
32:40
Kristen Ahlenius
I had read here and there about expecting increases in premiums. Admittedly, I thought that this would be more for areas that have had more frequent natural disasters, like coastal or maybe you live out west. I didn't fully expect it to hit me here indiana where I feel like weather isn't that? But it did before we go.
33:04
Peter Dunn
Much further, can we just acknowledge and just send thoughts and prayers to the people of, like, what a nightmarish. Awful scenario. So I don't want to go too deep into it because I just don't know anything other than to say, yeah, I hope everyone's okay and they can rebuild there. But Dame, is Kristen right? Is this natural disaster driven, these increases in auto and home insurance?
33:27
Damian Dunn
Some of them, yeah, absolutely. But if we think about what's happened over the last three years, homes, really expensive to build right now, cars, hard to get your hands on some of them. And if you've got one that needs replaced directly, it may be really expensive to get one of those. So whether it's repairing cars that are in accidents, replacing cars that are in accidents, rebuilding homes from scratch, it is just getting more and more expensive for insurance companies to operate profitably. And I'm not out here playing a violin for those situations, but they've got to keep the lights on for their customers and their employees, and that means we're going to have to pay a little bit more.
34:11
Peter Dunn
Christian it is weird the way Dame sort of set that up appropriately. It's weird to think there's another side to this, and it's the desire and honest need for an insurance company to actually stay in business. Right. Because on some level and of course, the lack of specifics make this for a terrible show. I read an article recently somewhere at some point about a company in some state that pulled out completely, and then the state insurance department is like, whoa, whoa, you can't do that. But sometimes we don't consider that they've got business decisions, too.
34:44
Kristen Ahlenius
Yeah, and I feel like I saw the same article, and that's not helpful because I don't have any additional context. But, yeah, you're exactly right. There's another side to this. There's that profitability side. And I think when I know that I'm guilty of this and hopefully no one who knows me in real life is watching this because I'm about to throw some people under the bus.
35:04
Peter Dunn
Can you hold on a second? I want to just spotlight your video than on the live stream. No, please.
35:11
Kristen Ahlenius
Well, I would just say that so here recently, there was a hailstorm, and a lot of people that I know made claims, like, on their homeowners insurance, and it was like, oh, we're getting a new roof. Oh, we're getting new siding. And I'm like, that's great, I'm happy for you. But then we can't turn around and be upset when premiums might increase next year, dropping knowledge.
35:32
Peter Dunn
Dame that is true. The glee that someone has when they're like, we had lima bean sized hail and now we get a new roof. That's part of the issue.
35:45
Damian Dunn
Yeah. People look at it. It's like, oh, I get a new roof, and I have to pay a fraction of what a new roof is going to cost anyway, and it's my chance to push that expense out another however many years. Great. It's fantastic. I'm glad that it's working out for you. But when you get that rate increase like Kristen said, don't come crying to us. You can't go shop it somewhere else or maybe try and make sure that you're getting all the discounts that you should be getting through your insurance carrier. But there are going to be consequences for making a claim, especially a claim of that size. I had the same thing. I had a roof replaced on my house and my barn a few years ago.
36:28
Peter Dunn
I love barn stories.
36:30
Damian Dunn
And it was not cheap. And with the insurance company I was with at the time, zero out of pocket. It was just go replace it. It was fantastic because that was I'll tell you how much it was off the air, but it was a lot.
36:49
Peter Dunn
Why won't you tell us on the air? Don't tell us on the air. I don't want you. Kristen, you did bring up the point of, hey, if you do this, you actually are sticking it to yourself. But you're telling me you've never felt really justified and motivated to file a claim because you've paid for insurance for years and years and years.
37:10
Kristen Ahlenius
I haven't paid for insurance for years and years and years.
37:14
Peter Dunn
Wait, are you suggesting you're not a 45 year old man?
37:19
Kristen Ahlenius
You guys, I'd really have to think about it. I don't think that I've filed an insurance claim.
37:24
Peter Dunn
Okay, auto or can you knock on some wood or something?
37:28
Kristen Ahlenius
Knock, knock. Well, I don't drive. Really?
37:30
Damian Dunn
It's true.
37:31
Peter Dunn
Okay, so you've never filed a claim at all?
37:36
Kristen Ahlenius
I have not know.
37:38
Peter Dunn
Damn. Let me tell you about the first claim that I ever filed. I was freshman in college, home for the holidays, maybe the summer. My red Pontiac Grand Am sat on Tanzel Court in Claremont, Indiana. As I rest my head, the head hair on the pillow in my room. Overnight activity took place. And when I awoke the next morning and walked to my car, all of the glass from my windows were broken out. My portfolio of CDs was stolen, along with my wallet and a bowling trophy. Okay, I made that last part up, but it just seemed like it fit. Yeah, so then I had to file an insurance claim. I had checks in my wallet, and someone wrote three checks for pizzas the next week at different pizza places. Anyway, thank goodness for insurance because that pie was on State Farm.
38:35
Damian Dunn
You know what was the CD case, the giant one that had four.
38:41
Peter Dunn
And all my CDs. I'm talking amazing compact discs. Kristen, did you ever own CDs or are you too young?
38:49
Kristen Ahlenius
I did own CDs. I'm not that young.
38:51
Peter Dunn
Did you ever own a cassette tape?
38:54
Kristen Ahlenius
Yes, my first car had a cassette player in it, actually.
38:57
Peter Dunn
Wow.
38:58
Kristen Ahlenius
Did.
38:59
Peter Dunn
You ever own a laser?
39:01
Kristen Ahlenius
No.
39:03
Peter Dunn
Dame I've filed numerous claims over the years. Nothing egregious, but a lot. But I've been an adult for a long time. I assume you filed a bunch of oh, yeah.
39:13
Damian Dunn
There have been numerous claims on both sides, auto and homeowners at this point. So, yeah, I'm an old pro at this.
39:21
Peter Dunn
I know we're complaining about these PNC coverage. I will say, though, the difference between being with a really good company and an average or below company, I believe it is worth the extra premium if, in fact, it is extra premium. I do not view property casualty companies as a commodity. Damn, you made a face there. I couldn't tell if it was last night's dinner or you disagree.
39:45
Damian Dunn
I have no idea why I made a face. I was maybe reading a comment.
39:48
Peter Dunn
I don't know. All right, so do we still recommend shopping your coverage every few years or so once the loyalty discount sort of fades?
39:59
Damian Dunn
That depends. If you get great service and you're happy with your provider, maybe your agent really goes out of its way for you and they're captive, it may be absolutely worth sticking around and paying a few extra bucks to that insurance company. If you're not getting great service, you want to go shop it. But I did read something recently where they suggest sticking around for some longevity potential rewards. This is the first I'd heard of it, so I'll probably look into seeing what that may be about. But yeah.
40:30
Peter Dunn
Kristen, while we're talking property and casual, we got a minute left here in the show for this episode, for this segment. Oh, my 50 seconds. Umbrella coverage. I know Dame and I are big fans, and you are in a different stage of your life. Umbrella coverage on the radar when you talk to your property and casualty agent.
40:53
Kristen Ahlenius
For me personally, no.
40:56
Peter Dunn
Dame I assume you swear by them.
40:58
Damian Dunn
Yeah, I just got that renewal this week as well, and they've gone up in price.
41:04
Peter Dunn
Also, you know what I would say about this briefly? Umbrella coverage. It's an additional liability coverage. I think it is a very wise thing to do as your financial situation progresses. Every time I purchase one for the first time from whatever the company is that I'm starting up with, I'm like, oh, yeah, no problem. Throw it in there. And then the renewal comes, just like you said. And I'm like, oh, man, that's more than like to keep going. It's like, oh, that's spicier. Anyway, coming up after the break, an email from an actual emailer from Askpete@peteeplanner.com. That's next on The Planner show. I'm Pete the planner.
41:44
Kristen Ahlenius
We didn't say how much our coverages went cares. Is it really that important when it's double digits?
41:52
Peter Dunn
Dave, did you reach nevermind. I'll ask the number. I'll ask off the air. Can you in slack right now? Send Kristen and I the number for the roofs. Is roofs R-O-O-V-E-S-I believe so. I don't think so. I think it's roofs.
42:10
Kristen Ahlenius
I have no idea.
42:12
Peter Dunn
I'm not the person oh, my Lord.
42:16
Kristen Ahlenius
I didn't see expect. I thought I was prepared.
42:24
Peter Dunn
Dave that's more than my first house.
42:26
Damian Dunn
It's almost more than my first house.
42:31
Peter Dunn
Wow.
42:31
Damian Dunn
I was a little bit behind you.
42:33
Kristen Ahlenius
That's a very significant portion of my current house.
42:37
Peter Dunn
And it's just the roof.
42:39
Damian Dunn
I know, and here's the thing. The roof on the barn is metal. What do I care if it's got dimples in it?
42:46
Peter Dunn
Can I ask a dumb question?
42:47
Kristen Ahlenius
Well, okay. I'm not as shocked. Dame down?
42:53
Peter Dunn
Yeah. Matt says his homeowners insurance went down 6.1%.
42:57
Kristen Ahlenius
Wow.
42:58
Peter Dunn
Send me that referral. Dame you have a barn. For a barn to be a barn, at any point does animal have to have lived in it? Why isn't just a big garage.
43:11
Kristen Ahlenius
It's a shop is what it is.
43:13
Damian Dunn
Technically, it's a shop. Yeah, but it replaced a barn. It's on the old space that a legit barn was in that had a little milking room and all that.
43:24
Peter Dunn
A milking room?
43:26
Damian Dunn
Yeah.
43:26
Peter Dunn
For milking? Yeah. Really? You had a milking room on never.
43:33
Damian Dunn
There weren't animals in it when we bought it. I wasn't out there milking anything. It just had one on it.
43:38
Peter Dunn
Kristen, have you ever had a milking room?
43:40
Kristen Ahlenius
No, I have not.
43:42
Peter Dunn
So what other sorts of fun rooms did you have?
43:46
Damian Dunn
Dame there's another building on my property that I think was a summer kitchen at one point.
43:52
Peter Dunn
A what?
43:53
Damian Dunn
Summer kitchen.
43:56
Peter Dunn
What era do you live in?
43:57
Damian Dunn
A summer it was so when they would have to do all their cooking. They didn't have air conditioning back then, and they wanted to try and keep the heat out of the house. And so they had little structures built very close to the house where they could go in and do the cooking and keep the heat out of the house.
44:14
Peter Dunn
Is anyone else wondering who Kristen's given side to right now?
44:17
Kristen Ahlenius
Oh, I'm sorry, I'm pulling up the question.
44:19
Peter Dunn
Oh, no. I thought you were just like looking at someone in your house. Like you had to look at your face. Like, I'm going to kill you if you don't leave this room right now.
44:26
Kristen Ahlenius
Oh, that's just my face.
44:27
Peter Dunn
Oh, uncomfortable now. Isn't that just called an outdoor kitchen? What do you call it? A summer kitchen?
44:34
Damian Dunn
I don't know. That's what it was explained to me as. So I just assume that's what the.
44:37
Peter Dunn
Name was in Carmel. They get us outdoor kitchens a lot of money.
44:41
Damian Dunn
Well, yeah.
44:42
Peter Dunn
Get a milking room. Wow. I've never heard the term milking. Just I'm just come to terms with it. Okay. Milking room.
44:58
Damian Dunn
Am I off base on that? Kristen they're milking.
45:00
Peter Dunn
Milking room.
45:01
Kristen Ahlenius
I know nothing.
45:02
Damian Dunn
You know what? I don't want to google that.
45:04
Peter Dunn
Don't Google milking room.
45:08
Damian Dunn
Matt roughly my umbrella, I think, was probably right about the same milking parlor room, whatever parlor is better.
45:16
Peter Dunn
Okay, so Andy anti room, probably the listener of the year in 2023, says it's called a milking parlor.
45:26
Kristen Ahlenius
That I've heard of.
45:28
Peter Dunn
That sounds creepy. Like, if you invited someone to your milking parlor, why would you do that? Kristen, let's say I sent you a handwritten note in the mail. Or let's say I FedExed it overnight and you rip off the little zippy thing you reach in. It's a handwritten note. It's got my stationery, and it says, from the desk of Pizza planner when I come over to my milking parlor, like, it's creepy.
45:53
Kristen Ahlenius
It's a little creepy, yeah.
45:55
Damian Dunn
It's because you're not in agriculture. If you grew up on a farm and you had cows, that's just part of the daily it's.
46:04
Peter Dunn
I think you've just lost some of our audience dame by calling farmers creepy. I think what you just did was called farmers creepy. I will say this show is for FarmersOnly.com. Okay, here we go. What's the next segment? The caffeine is hitting the email. The email. Oh, the email.
46:24
Damian Dunn
Do you have it pulled up?
46:25
Peter Dunn
No. Okay.
46:26
Kristen Ahlenius
I don't know which email, but one of them is over here.
46:29
Damian Dunn
An email. That's great.
46:32
Peter Dunn
How many are there? Oh, there's one. I like the first one. I like the short one.
46:41
Damian Dunn
Okay, do that one.
46:45
Peter Dunn
I want to do the first one because it's the world's shortest email.
46:49
Kristen Ahlenius
That's true.
46:52
Damian Dunn
The one from okay, yeah, go for it. There's some great writing in the other ones. We have to get to those eventually, but the short one's fine.
47:02
Peter Dunn
Anyway, do we want to do the second one?
47:05
Damian Dunn
No, just do the first one. You love the first one. You will be passionate and your caffeine will assist on for those.
47:12
Peter Dunn
As a big part of Matt's PNC parade, his homeowners went down, his umbrella went up, and his auto policy remained unchanged. Thank you, Matt.
47:22
Kristen Ahlenius
A net neutral event for Matt.
47:24
Peter Dunn
Yeah, I'm not suggesting you overshared. I'm just kidding. Okay, in three, one back on the Pete the Planner show, dame got the world's shortest email, and I want to share it with you now, please. Jesus wept. No, I'm just kidding. That's the shortest the we are on the mean. There's more. But I'm saying, like, kristen, if you're writing an email to someone, hello. Comma. That's it.
48:02
Kristen Ahlenius
I use an exclamation point usually, but yeah.
48:05
Peter Dunn
I'll go, hey, boo. And then I'll put an exclamation point.
48:09
Damian Dunn
I'm a big fan of Hayes. Hey, whoever.
48:11
Peter Dunn
I don't know why, but I do. Hey, too. I think it's, like, approachable, especially when hey.
48:15
Damian Dunn
Money was a thing. All of those emails started, hey, something that's great.
48:20
Peter Dunn
That's smart. Hello. I'm recently divorced. I have no retirement. I make $64,000 annually. I have no debt. I just turned 58. I have very simple sentence structure thoughts. Please let me know. Kim, I added the sentence structure thing. Okay. So let's go through the email again. Divorce, no retirement, 64 grand a year. Divorce, no debt, just turned 58. Okay, I have lots of thoughts. First, let's begin with if the person she got divorced from does not remarry and she does not remarry and I don't want to assume, but in the event that her ex or Kim is also sort of androgynous name. So Kim could be a man or a woman. The spouse made more money. Then you could actually claim the spousal Social Security benefit. Right. Dame yeah.
49:27
Damian Dunn
Yeah. You would be eligible assuming you meet the qualifications, which is married at least two years. Is that right? Kristen I think to be eligible for spousal, yes.
49:37
Kristen Ahlenius
But I'm behind in our group book, so I could be wrong about that.
49:43
Damian Dunn
There are some stipulations to be able to claim spousal Social Security. I'm going to assume that's on the table here. So there is possibility of having a Social Security benefit, potentially that would eclipse what you may earn. How long has Kim been working? There's just so many different things here. If there's something to be most excited about, it's the no debt.
50:11
Peter Dunn
Yeah. I look at this, and if I tried to break it down to the simplest level, I say to myself, she makes $64,000. Now, what of that? Does she actually live on? What is her dependency on that? Then? I say at retirement age, whenever she chooses to take Social Security, for that matter, whether she takes that spousal amount or her own or his own again, I don't know. Then what's the difference between what that fixed income is versus what she's dependent on or he. And in that case, that's the only factor. That's the only thing. You're trying to figure out if that's possible, right? I mean, if we really distilled it down, isn't it the gap between her current dependency and that fixed Social Security amount?
51:00
Damian Dunn
Yeah. I mean, that's really the two cards we're looking at here. How much do you need and how much are you going to get, and then how do we fill that gap? Because it's unlikely, even though Kim has a greater likelihood of having a higher percentage of the income she needs covered by Social Security, since it's how Social Security is structured on, you get 90 some percent of the first whatever, and then it tails off. So Kim will get a higher percentage of her income that she's living on back through Social Security. And so there might be a smaller amount that needs to be bridged in her circumstance, their circumstance, and it might be relatively easy to do that, but there's likely going to need to be some extra income and maybe a part time gig in retirement.
51:53
Peter Dunn
Yeah. Kristen we have to make assumptions to answer this. So let's also assume that she got the house and the divorce and that there's no mortgage on it.
52:03
Kristen Ahlenius
Yeah. I was thinking there's two hiccups when the two of you were talking through, like, best case scenario, what's going to happen, bridging the gap. The two hiccups are I know in our work, sometimes when people say they don't have any debt, they're like, oh, but I have a mortgage.
52:17
Peter Dunn
Yeah.
52:18
Kristen Ahlenius
So it's like I don't want to assume that when we're talking about all scenarios here. The other thing is depending on age, depending on what family is around, health status, et cetera, long term care expenses, I think, are one of the things that derail a plan that could come together here. So those would be my two, hey, let's pump the brakes and look at these two things.
52:45
Peter Dunn
Can I respectfully disagree?
52:46
Kristen Ahlenius
Yeah.
52:47
Peter Dunn
Okay. Dame, help mean long term care for someone who is single with no assets, they're just going to go on medicaid quickly.
52:59
Damian Dunn
Nothing there's no reason for that. In this particular case. If you want to have more control potentially over your circumstances and your care, sure, go for it. But in this case, long term care is something to be pretty far down the list to be funded, in my opinion.
53:21
Peter Dunn
I don't want to say I love situations like this because I don't mean that I'm fascinated that at 58 years old with no money, no debt and an eye on imminent retirement, sure that this is a feasible workable situation. Like, I love that this is very doable. There is a chance for small missteps. But Dame, I've seen this work a lot.
53:50
Damian Dunn
Can I throw another potential wrinkle into that?
53:53
Peter Dunn
Sure.
53:55
Damian Dunn
What if there's no house? What if there's rent?
54:01
Peter Dunn
Well, then actually, I think then you get back down to what is the Social Security amount going to be and making sure you begin to live at a lifestyle where the rent payment doesn't take up too much of that because.
54:14
Damian Dunn
A house is still going to have taxes and insurance each and every year. So there's still a payment there. So I guess it's not a clean slate, but I have a sneaking suspicion there's rent.
54:31
Peter Dunn
I'm hopeful for this situation. I've never been in this situation. I've helped with these, but I've never personally been in it. It probably feels dark, sure. Probably feels scary. But I think if you keep your head and you realize that really your late 50s from a lifestyle perspective are an opportunity to create this lifestyle glide path that will work into retirement if you keep that proper perspective. But I guess coming off of a divorce in this situation, again, probably a lot of emotions going on and probably coming to terms with what her new finances might look like and that period of time probably takes some time. Kristen, I got to assume that period of time would take some time.
55:17
Kristen Ahlenius
Yeah, I think that's fair. And as a result of that, or maybe in conjunction with that rather, I think this emailer should prepare to work maybe a little bit longer. I think that's part of this equation, too, is you might feel like people around you, people that have been part of your life, are really preparing to enter retirement, especially if this is a recent divorce. And then it might best now to come to terms with, hey, I might need to work a little bit longer than those around me, and that's okay.
55:44
Peter Dunn
Can I say that might be the best point made on this show this year? That is a brilliant point. Because if you go in with a preconceived notion of, oh, I was going to retire at 66 or whatever, by just letting off the release valve to say, you know what, let's just work backward off of 70, it takes so much pressure off of you. And those four additional years can hopefully have the rubber meet the road, which is the income to meet the expenses.
56:12
Damian Dunn
Yeah. If Kim has the opportunity to establish an emergency fund, that's key. I think we've got to have a little bit of cash sitting aside for retirement eventually and the time in between now and retirement plan on work until 70. Take that pressure off of yourself. Higher Social Security benefit. And if you can figure out how to get some money into a retirement account as well, give yourself a little bit of advantage there, too. You might actually be in better shape than you thought, or that it feels like you are right now.
56:43
Peter Dunn
Cam, thanks for emailing. If you want to send back any other details to us, please let us know. Of course, I never know if people email this inbox via the column or the radio show or podcast or the LinkedIn live stream, but send us more details if you like. Kim. Kim, you can do this. As Big Rick Swink says. You got this, Kim. Coming up after the break, biggest waste of money of the week, the news and the start of the Premier League season this weekend with one major wrench in the spokes. That's next. I'm Pete the planner. I probably should have said that I want to talk about it a lot, and we probably would do that during a break, but it's so disappointing. Do you know what I'm going to say? Dame?
57:27
Damian Dunn
No idea.
57:28
Peter Dunn
News as of today.
57:32
Damian Dunn
Might as well save it for the next segment. Preempting the news. Breaking news.
57:36
Peter Dunn
Yeah, we will break the news.
57:38
Damian Dunn
Wrench and spokes.
57:40
Peter Dunn
Wrench and spokes. And the lorry. We've crashed the lorry.
57:50
Damian Dunn
Bugger.
57:51
Peter Dunn
I don't think you can say that. Okay. My email inbox went from five emails to 18 in the last 50 minutes. So it's either spam holiday or world is imploding.
58:07
Damian Dunn
You made an impression on LinkedIn. You're getting noticed.
58:11
Kristen Ahlenius
You appeared in searches.
58:13
Peter Dunn
Oh, man. You can always tell if you appear in a search the next week, your DM is going to be like, I noticed that we have lots in common. I don't know.
58:25
Damian Dunn
Do you think ben was rethinking that recommendation to put it on LinkedIn during that pre first segment piece that you were doing there.
58:33
Peter Dunn
It's quite possible.
58:34
Kristen Ahlenius
Don't.
58:37
Peter Dunn
Show my legs on the live stream. LinkedIn. Look at those calves. Sorry. I can't believe I'm that flexible. I'm impressed. Let's go.
58:52
Damian Dunn
I don't know what your caffeine what you did this morning, but do it again next week. Not next week.
58:58
Peter Dunn
I'm off the Miguel because it was too much. I felt like I was going to explode.
59:04
Damian Dunn
Do we want to announce next week before we forget?
59:07
Peter Dunn
Oh, we're not doing a show.
59:09
Damian Dunn
You said weren't.
59:10
Peter Dunn
OK, yeah, we're not doing a show.
59:12
Damian Dunn
Yeah, we have the company event on Friday and your schedule on Thursday.
59:17
Peter Dunn
Yeah. Sorry everybody. You'll have to watch Taylor Swift YouTube videos or something. What?
59:25
Damian Dunn
Could have just left it on scheduled and then put a little screen that came up and said we've been suspended for one week and just let the regular viewers make their own comments.
59:35
Peter Dunn
Okay, let's do the show in three, two, one. This week's biggest waste of money of the week, right here on the Pete the Planner show is I lost my breath. Stanley Kubrick's. The Shining. Limited edition. The Shining is a cinematic masterpiece. One of the most ardent fans of the films happens to be a talented filmmaker himself, academy Award winning director Lee Unkrich. Over the course of twelve years, he met with many of the living members of the cast and crew. The rest were killed on set I made that part up. As well as director Stanley Kubrick's family and amassed a wealth of stories, knowledge, photos and ephemera. They're all brought together in Stanley Kubrick's The Shining. The three volume collection was designed by Eminem Paris with text from bestselling author J. W. Rensler and a forward by Steven Spielberg containing hundreds of unseen photos and other materials, including a facsimile of the scrapbook seen on Jack's writing desk that played a key role in a deleted scene.
01:00:42
Peter Dunn
It's a must read for fans of the film director or just cinema in general. So, Kristen, have you ever seen The Shining?
01:00:51
Kristen Ahlenius
No, of course you haven't.
01:00:55
Peter Dunn
What do you think? The limited edition of the Shining Claws.
01:00:58
Kristen Ahlenius
Is this just one or can multiple people buy this?
01:01:02
Peter Dunn
There are a limited number, but 1000.
01:01:08
Kristen Ahlenius
Okay. I hate this game so much.
01:01:14
Peter Dunn
Okay, $700. Dame. You have seen the Shining.
01:01:19
Damian Dunn
No, I haven't watched it either.
01:01:20
Peter Dunn
Really?
01:01:21
Damian Dunn
No.
01:01:22
Peter Dunn
It's worth a gander. What would you say is the answer?
01:01:26
Damian Dunn
Until you told me there were only 1000 of them, I was going to make the joke. I can't wait to pick this up for $5 at a garage sale in ten years. But yeah, thanks.
01:01:38
Peter Dunn
It actually would been true. These are the things that end up in half price books. You know what I'm saying?
01:01:43
Damian Dunn
Yeah, totally. Whatever it is, it's too much. And I'll say $250.
01:01:49
Peter Dunn
Kristen wins. Kristen wins. Well, I mean, $1,500 1500 American dollars. Dane before we get to the news this week, I have breaking news out of the English Premier League. Oh, my gosh. My team, my club. Tottenham Hotspur, the best player in team history is leaving the club no club today really play for Bayern Munich. Harry Kane.
01:02:18
Damian Dunn
Harry? Is that a real name?
01:02:20
Peter Dunn
Yes. It's not a film star. Harry Kane has left The Tottenham Hotspur. I'm devastated. I sat in Harry Kane's locker in April of this year at Tottenham Hotspur Stadium in London and I'm very upset about it. And the first game is this.
01:02:46
Damian Dunn
I mean, are we talking relegation at this?
01:02:53
Peter Dunn
It by the way, that was cruel. That actually stunk. Dame however, I am also equally as proud of you for understanding relegation. So it's with. That what is in the news this week.
01:03:06
Damian Dunn
As Americans increasingly lean on credit to make ends meet, new reports show signs of potential problems ahead. Total credit card debt surpassed $1 trillion for the first time ever, the New York Federal Reserve reported Tuesday. Credit card balances are up almost 20% from a year ago, according to a separate quarterly credit Industry Insight report from TransUnion. The average balance per consumer rose two guessing. Game time, kids. Kristen, what is the average balance per customer?
01:03:38
Kristen Ahlenius
That's tough because it's by line of credit, isn't it?
01:03:42
Damian Dunn
I don't know, I didn't look into the fine details.
01:03:44
Kristen Ahlenius
Of course not. We'll call it 6500.
01:03:50
Peter Dunn
Pete, I'm taking the over. I'm going to go $17,000.59.
01:04:01
Damian Dunn
$5,947, the highest in ten years. Not only are balances higher, but more cardholders are also carrying debt from month to month, according to another bank rate report. Of those carrying card balances, 60% have been in debt for at least a year. Kristen, student loan payments are picking up very soon. I don't think credit card balances are going to go down. What's your opinion?
01:04:27
Kristen Ahlenius
Yeah, I don't think so either. But then I also think back to the first segment that we talked about how the S P is returning more than it ever has. And I haven't looked at an article like this or I haven't seen one that compares our collective almost like net worth. So returns are higher, 401K balances are higher, credit card balances are higher. I don't know. I'm curious about the net effect.
01:04:53
Peter Dunn
Yeah, I keep thinking here, Dame and Kristen, this is a byproduct of high interest rates to me is that the interest payments start swelling and you can't keep up with them anymore that you used to. I think that's as much as it.
01:05:09
Damian Dunn
Is as consumerism saying this might be a student loan type crisis in the credit card industry.
01:05:16
Peter Dunn
I didn't say that. But that's interesting. Okay, not to pivot, but let's pivot for a half second. Kristen, can you imagine a world in which an administration would come in and say, we're going to wipe out credit card debt? Is that a thing? Well, I'm not suggesting they should.
01:05:36
Damian Dunn
Are you sure? You just took caffeine this morning.
01:05:41
Peter Dunn
Dave's making me laugh. No, but I'm just like, how far are we removed from that?
01:05:48
Kristen Ahlenius
I mean, I hope that none of us are around for a conversation like.
01:05:54
Peter Dunn
That, but I hope we're dead.
01:05:56
Kristen Ahlenius
Well, okay. Yeah. I hope we're all dead by then. Yeah.
01:06:02
Peter Dunn
Dame so on this show, we have collectively agreed that the worst rule actually, the worst thing that isn't a rule in Congress is the insider trading. Right? Like, the constant insider trading. It's completely unfair, and it's really frustrating. How do we feel about the Supreme Court Justices accepting gifts? Do we have a collective view as a show?
01:06:28
Damian Dunn
Yeah, I'm not a fan of that either.
01:06:30
Peter Dunn
I'm not either. Yeah, I mean, come on.
01:06:34
Damian Dunn
And it's not just the other party's justices. If you're choosing to look at the Supreme Court that way, that's not it.
01:06:41
Peter Dunn
It's across the so here's again, we said this on the show the last time we talked about the Congress thing. We all agree. Everyone in the world ever in the United States agrees that Congress should not do it. In turn, we are united as a people to get rid of that, and then we are united as a people to not have Supreme Court justices take gratuity or whatever you want to call it, like, we agree, all of us.
01:07:11
Damian Dunn
And then they pass around the gift of being able to write a bill and present it on banning that amongst different representatives each and every year, and then it goes absolutely nowhere. That way they can all say, hey, I'm totally against this. We just never got to vote on it.
01:07:28
Peter Dunn
It's a big know, it's weird. It's one thing to disagree with the Supreme Court's ruling because you just see it. I'm sure sometimes it sucks, but you're kind of used to that, right? But the idea that policy or rulings are influenced by who paid for their lifestyle, that does not sit well. That one's no good.
01:07:51
Damian Dunn
Justices don't make all that much money. I mean, they got to live.
01:07:54
Peter Dunn
Pete you know what the weird thing is here? That actually was a quote from about 20 years ago. Good callback. Here's the weird thing. If we extend this to Congress that's just being lobbied, we're actually okay with that, right?
01:08:15
Damian Dunn
I mean, to some think I think most of us would prefer that lobbying and corporate interest didn't play such a big role in the lawmaking in our country, but it does. We're not getting away from it anytime soon.
01:08:31
Peter Dunn
Yeah. So we've accepted that. I would have less problem if the Supreme Court could insider trade because they're not privy to all of the lawmaking. I've seen an after school special in government. I understand all this. Really?
01:08:45
Damian Dunn
Oh, my what if the justices just came out with logos on their robes from now on? Of.
01:08:52
Peter Dunn
They'Re all like, sponsored by barstool casino.
01:08:56
Damian Dunn
There you go.
01:08:56
Peter Dunn
Yeah.
01:08:57
Kristen Ahlenius
Nice.
01:08:58
Peter Dunn
I think we've done enough here today. I'm going to go play some golf. What am I doing? Okay. Thanks for listening to the show, everyone. Dame Kristen, thank you for your contributions. And listen, that's all we have time for. Sending you good vibes. Good vibes? Are all that's in the budget? I'm Pedro de Pesos arios. Miamikos goes Spanish eater of money. I don't know what that was.
01:09:28
Kristen Ahlenius
Bueno.
01:09:30
Peter Dunn
Kristen, congrats on your duolingo streak. 300 days.
01:09:35
Kristen Ahlenius
Thank you. I still know basically no Spanish, but that's okay.
01:09:39
Peter Dunn
Dave, you have not been on the show with us when we've openly talked about Kristen's master's degree, have you? Because I feel like you were out when we talked about it.
01:09:49
Damian Dunn
I think we mentioned it, but we didn't go into depth on it.
01:09:53
Peter Dunn
What did she make you call her? Like, do you have to call her something special?
01:09:57
Kristen Ahlenius
No.
01:09:59
Peter Dunn
Do you have your letters behind your name now?
01:10:02
Kristen Ahlenius
I mean, I guess technically I could.
01:10:04
Peter Dunn
But change your slack name with, like.
01:10:08
Kristen Ahlenius
Comma Ms. No, I will not be doing that.
01:10:13
Peter Dunn
I had an uncomfortable moment this week.
01:10:16
Damian Dunn
Just one.
01:10:19
Peter Dunn
That's fair. A very uncomfortable moment.
01:10:22
Damian Dunn
Okay, go on.
01:10:23
Peter Dunn
So I presented oh, I don't know, LinkedIn. I know. Yeah. That's actually the truth. Never mind. Here was the output. We dug up my college transcript around the office here and started making guesses on what we believed my graduating GPA was.
01:10:42
Damian Dunn
Yeah.
01:10:44
Peter Dunn
Do you guys want to play a little game of how's this dummy gotten this far? Sure.
01:10:49
Kristen Ahlenius
Yeah.
01:10:50
Peter Dunn
Okay. You want to go first or second? Because I want Kristen to feel like she's going to insult me.
01:10:58
Damian Dunn
She has the honor. She can choose first or second.
01:11:01
Kristen Ahlenius
Yeah, I would like to go second, but I have one question that influences my guess. You don't have to answer it, though.
01:11:08
Damian Dunn
I'll do it. You can't take the over under. You have to guess a number.
01:11:12
Kristen Ahlenius
Okay, that's fine. I will go second. My only question, like I said, that heavily influences what I'm going to say is, were you ever on academic probation?
01:11:23
Damian Dunn
Not officially, no.
01:11:24
Peter Dunn
I don't think so. I mean, just maybe my dad trying to kill no. I started slow my freshman year. I'll say that my first, you know, it wasn't.
01:11:40
Kristen Ahlenius
Okay.
01:11:41
Peter Dunn
Okay, Kristen.
01:11:42
Kristen Ahlenius
I said Damon. I'm going second.
01:11:44
Peter Dunn
Oh, Kristen calling Dave.
01:11:46
Damian Dunn
Dave two seven.
01:11:49
Peter Dunn
Okay, Kristen.
01:11:52
Kristen Ahlenius
I feel like he's making it seem like it's really bad, and it's not as bad as I think, so I'm.
01:11:58
Peter Dunn
Going to go 289-28-0806. Started with a two three first semester of my freshman year. I got a D in physics, which will mess you up. Meanwhile, my wife graduated Madden cum laude and then has questioned the last 23 years of her life.
01:12:25
Damian Dunn
Yeah, she got the bad score somewhere else.
01:12:30
Peter Dunn
I'm not sure what. I haven't found it yet. But I will note, Dame, you were a better student than. That dame. You had to have been a better.
01:12:36
Damian Dunn
Student than that in my major. Absolutely. I think my overall GPA was like, two nine six.
01:12:43
Peter Dunn
And Kristen, she was like, four.
01:12:45
Damian Dunn
Just two.
01:12:46
Kristen Ahlenius
No, I wasn't.
01:12:47
Peter Dunn
Oh, shot. Come on.
01:12:49
Kristen Ahlenius
I will share my college transcript with the two of you off the air.
01:12:53
Peter Dunn
Wow. Why do you feel that you're so young yet that it matters? Is that the thing?
01:12:57
Kristen Ahlenius
No, it's not that. It's just that I had a small identity crisis as a freshman. Definitely thought that I wanted to major in something different. And when I got to class and hated it, I was just like, I'm not doing this, and just didn't go to class.
01:13:12
Peter Dunn
I didn't know they had hip hop dance at Ha. Will you say what that major was?
01:13:20
Kristen Ahlenius
Well, I was in Cranner and I was at Purdue and I was going to major in accounting, and I hated Accounting 101. I was like, this is the worst. And I had taken all these personality tests like, this is what I'm going to do with my life. This is awesome. So then when you get there and you're like, I don't want to do this forever, I had a huge identity cris.
01:13:46
Peter Dunn
I just wanted that really uncomfortable silence.
01:13:48
Kristen Ahlenius
Thank you. I appreciate it. Thank you. I was vulnerable. You made me feel uncomfortable. Perfect. End of the show.
01:13:55
Peter Dunn
No, you know what? My first accounting class, I felt exactly the same. Kristen, I was like, oh, accounting. And then it was like, oh, Lord, no. Should we get Mrs.
01:14:04
Damian Dunn
Advice on talking about her first accounting class?
01:14:07
Peter Dunn
I'm being summoned to the lobby right now, so I don't know what's about to happen. I'm either going to get fired or someone's going to share some news with me. So anyway, that's it. Stay getting money.
