Episode Transcript
[00:00:00] Speaker A: Any examples used are for illustrative purposes only and do not take into account your particular investment objectives, financial situation or needs and may not be suitable for all investors. It is not intended to predict the performance of any specific investment and is not a solicitation or recommendation of any investment strategy.
[00:00:18] Speaker B: This is another money show. Get set for another hour of the latest financial information and economic news affecting your bottom line. J.R. and Anthony are committed to helping more Americans like you optimize their inc. Reduce their tax risk and reach financial freedom. So let's start the show. Here are your hosts, Anthony Correio and JR Rochford.
[00:00:42] Speaker C: Here we are, your hosts, Anthony Correjo and JR Rochford, taking a break from our day to day as financial advisors with Rochford and Associates, a fully independent fourth generation family office right here in Sun City to bring you information you may not find on those other financial radio shows. We're aware the last thing you need is another money show, but we appreciate you being here. And on today's episode, we're going to talk about the financial equivalent of the mechanic whose car doesn't run. We're going to talk about stimulating your local economy by being a bar regular and also investing all of your money into scratchers. Is that what we discussed last night, Jer? Is those the top big topics for today?
[00:01:26] Speaker A: Yeah, sounds good. Do you, you want to run with the show and tell me more? I mean, I, I mean, I know I was with you and I know I only had three beverages, but I don't remember talking about scratchers.
[00:01:36] Speaker C: No, I think that was just wishful thinking.
[00:01:39] Speaker A: Yeah. And I mean, scratchers. If, if you want good, solid financial advice and you feel like your advisor is, you know, if they're a little constrained with pressure and quotas.
Hear this. I mean, hear me out here. Diversification and moderation.
We believe in the pie chart. We believe in.
He hardly knows her. You know a woman named Scratcher?
I love that nickname, the Scratcher. So I won't go any further down that road. So anyway, we believe in diversification and moderation. We think you should have real estate. We think you should have stocks and bonds. We think you should have gold and silver. We think you should cover everything.
Why not add scratchers? When's the last time your financial advisor said put a certain percentage of her money into scratchers or lottery tickets? I mean, and I am a financial advisor, but I'm a human. You know, a lot of times people think it's funny that I love to play poker. I mean, that's that is a passion. I've had different hobbies over my life and a few years ago I discovered playing poker and I'm having a good time. You know, the one thing you do have to realize about life, Life is all about moderation. Life is always about hedging your bets.
If you can tell me when you're going to die, I'll tell you how much money to save. I will tell you, I'll tell you what kind of life insurance to buy. Are you safe for the cheap 10 year term or should you buy a universal life or a whole life? Tell me when you're going to die and then we'll work that out. So I have a personal story for you. I've alluded to it or mentioned it or hinted at or something. I feel like I'm more qualified for this profession than a lot of people because of my personal situation. So. And I'll give you a little short version of it. My father, the reason I came into the family practice, my father had six weeks to live. He had stage four cancer. Six weeks to live. So they, you know, basically people said goodbye, they brought in hospice, they had him on morphine, they, they didn't treat him. They, they said he's, he's going home. So. And he died 15 years later. So I got to see somebody that had six weeks live. I worked with him for 11 years and he passed away 15 years later from a six week to live diagnosis of stage four cancer. So it kind of makes you really think, would he have done things differently in his life? But wait, Phil Swift. There's more on the other side of my personal family, my immediate family, my mom. I talked to her one night on a Thursday night in September, Friday, she had passed on. So I talked to her on Thursday. She died on Friday. Never got to talk to her again. So I got to watch a parent pass away over 15 years. And I got to watch a parent pass away over 24 hours. So I feel like if you can tell me what's coming up next, I'll tell you exactly what to do. So the very smart blue suit, white shirt, red tie, financial advisors, they know all the rules, The Rule of 72, the Rule of a hundred, they can fix all your woes and all your problems. You, you know what? They don't know. They don't know what's coming up tomorrow. Wow. I went from scratchers to holy cow, I doubled that one down, didn't I? Anyway, I guess all I want to tell you is that a lot of life, if you don't live for today and tomorrow. You're making a mistake, Anthony. You've been in the office. This summer will be eight years. Believe it or not. Man, how that's flown by. Haven't you seen people already that have plenty of money to do whatever they want and they're miserable. Don't you see where people are afraid to run out of money so they don't spend. Don't. Don't you see what I see? That some of the happiest people are living for today, not to excess. I mean, you do have to save more than you spend. You. You do have to diversify. But I don't know. Money, money is not.
And I'm a financial advisor and all.
[00:05:22] Speaker C: I'm supporting is quite those commercials, right? The, the whole 60 seconds. It's income. Income makes people happy. Assets do not say you want to hear the Marsha Martian merchant a ton of money. But if your income isn't, you know, regular, it's not like getting a paycheck like you used to. All you see is that you're taking from your assets all the time. You're not building them up, you're praying that you don't run out. So turn it into a pension. You don't have to worry about it.
[00:05:51] Speaker A: So assets can be depleted. Set yourself up with income. So you know, even if something goes south, you know, in a week or two or a month or whatever, you'll get paid again.
You know, one thing that, and I haven't even gotten to the shout outs yet, so the, the show has already taken a turn that I didn't expect. You showed me a statement just yesterday. Today, by the way, as we record is 21st January, 2026 where we bumped up a day because the one and only Sam Davis has to travel. Sam, going to Tampa, Florida. I hope you travel safe and have fun. Is this business or are you.
You buying scratchers there and having a good time? What. What are you doing? No, this is a business trip. This is an annual kickoff conference for, for the company. So yeah, just taking a couple days out to Tampa. It's coming at a good time because it's been very, very cold here. Unseasonably cold in the southeast and it's going to be sunny warm in Florida.
[00:06:49] Speaker C: And just hope that don't have any.
[00:06:51] Speaker A: Issues getting back because the south doesn't experience snow and ice often. But I think a lot of people in the Southeast are getting some snow and ice this week. There's supposed to be a huge storm coming in like a lot of people are worried about it. I've had a few texts from people asking if I'm watching that. I'm like, I'm a financial guy, why would I be watching the weather? I'm watching sports. And do not bring up my favorite team ever on the planet. Sam, again. So now we've got the weather covered, sports covered. Back to money. So, Anthony, yesterday on the 20th of January, if you want to diversify, you know, it's the same old story when people come in, when we're in a second opinion. It's primarily big portfolios of stocks and bonds. They don't have it properly diversified. You know, we used to talk about asset creep years ago. We talked a lot about the 60:40 rule and whether it applies to you specifically. You have to watch out. If you've got a bucket of 20 mutual funds, do you really have diversification? Are they all the same? Is there too much overlap? Are they large cap, small cap, mid cap, there's all kinds of stuff that goes behind your holdings. So anyway, I just, I thought you'd like to know. I don't care how long it takes. It doesn't matter to me how long it takes. The rules that my grandfather told me about when I was younger still apply. Buy low, sell high. I don't care that the market took a big huge dump yesterday. You know, it was biggest down day in whatever, two years or something. You know, people start panicking. That's micro tuning. That's micro timing. I know that when the Dow Jones is nearing 50 and some people now are saying it's going to hit 50 this year, it's going to hit 60 by next year. First of all, how do you know with your crystal ball? It's high, it's setting records, the world is on fire. There's a whole bunch of reasons that things are funny if you look into just the movings of the market. The Dow Jones Industrial Average, I like to call it the Teflon Dow, because nothing can bring it down. It's 30 companies.
So there could possibly be some manipulation there. You know, when, when companies repatriate money from their offshore accounts, their banks in different nations and they bring it back, do they give it to the shareholders and make everybody happy? No, they do something called stock repurchasing, stock buybacks, you know, the, the AT.
[00:09:00] Speaker C: Which does keep the stocks up, which makes shareholders happy.
[00:09:04] Speaker A: You're right. Just nothing goes forever. And I brought it up Last week, I March 9th of this year, which is coming at us closely. It's going to be the 17th year anniversary since the bottom of the 2008 Great Recession. If you don't think that can ever happen again, sit there in all your stocks and bonds. I mean, just why would you listen to me? Why would you. And I don't mean to harp on this, I just, I, you know, we have some very smart people that we interact with.
One I talk to regularly. I talk to this person weekly. We talked this morning as we always do via text. And I'll read something real quick. Sam, just put on the board the Dow Jones is up 600% since the bottom in 2009. 600%. Go dig out one of your quarterly statements, perhaps the December 31, 2008 statement, and let me know that your Money is up 600%. Make sure you let me know how you're doing. Because we see statements every week and we don't see any that, that get close to the market activity. So unless you like, if you're trying to mirror the Dow Jones Industrial Average, you have to buy those 30 components and you have to buy them without any fees. You have to buy them and get full dividends. It doesn't exist. The Dow Jones, the S and P, the nasdaq, those are volume. They're based on volume, they're not based on dollars. So good. Good point. Sam just said as of today it's up 635%.
And the S&P so far on the 21st of January is down for the year. I don't know if you know that.
[00:10:40] Speaker C: And I just saw a headline too about how it's. The market today recovers from.
What are you talking about a recovery? It was one down day. Yes, one down day. That's not a recovery. That's not why. Why are you worried? Markets are supposed to have fluctuations.
[00:10:55] Speaker A: That is true. If you can't weather a 10 or 20% up and down, well, mostly down, you probably have no business being in stocks, bonds, mutual funds, that sort of thing. And my whole thing is, you know, we're on a show that anybody can listen to. We cannot give you specific advice. We have to be careful with, you know, how we say things in general. My main point, when you have a 17 year run up in the financial markets, you better be awake and aware and nimble on your surroundings. The. That's what I'm getting at. So nothing lasts forever. At least it hasn't yet in the world. Back to our very smart friend and client. He's worried about the world. You know, financial advisors, they take Your date of birth, you know your age, your income, your assets, your approximate tax bracket and then where they earn their keep. They help you ascertain your risk tolerance. So they have pie charts and they ask you questions. If your fund was down 20%, would you buy more? Would you hold or would you sell? They get into the bottom of your here risk tolerance, which I've been telling you for four years on the show. I know your risk tolerance. I haven't even met you yet. I want to next week. I can tell you risk tolerance. When things are going up for 17 years you're an 8 to a 10. But in 2008 you went from an 8 to a 10 down to a 1 to a 2. I do expect that to happen again. I think my gut feeling is it'll be before the end of 2026. So I want people to be proactive and not reactive. I always want you prepared and not scared. I do not want to react when the market takes a. You know what, I won't make you bleep that out, Sam.
Back to my client that we text regularly.
He said here, I'm usually not the town crier that you are, but I've been cogitating. Oh I like that word, cogitating. The imminent civil war for more than a decade. Me too, my friend. For me it's about 20 years. I think that we have been inching closer for 20 years to the demise of Medicare, Medicaid, Social Security, the default in the modern day run in the banks. I am worried about stocks, bonds and banks and I think we've been heading this direction for two decades at least. A lot of it is political. But when you have a media that's complicit with when you try to push people against each other, black, white, tall, short, gay, straight, red, blue, haves versus the have nots, animosity grows and then you take things that are pressures on the middle class mainly that's what I'm worried about, the rich. If you've got 5 million or more, you're probably going to weather whatever happens. If this country goes into civil war, just go down to Belize or Rub or somewhere.
And by the way, when we have our big financial correction and and then subsequent change into a central bank, digital currency, there's nowhere you can hide on this planet. It has become a very small world and under Trump it gets smaller and smaller every day.
So anyway, I do want you to know I'm the town crier.
I mean according to Anthony, I'm the boy that cried wolf yeah, yeah, you're right. First of all, I manage money into the future without a crystal ball. I have to look back 5, 10, 20 years. Then I look forward 5, 10, 20 years. Do I think things are going to be the same, better or worse? And that's how I approach things. And I've never seen the world going this far south this fast. Anthony, you don't even see it.
You hear me every week. So you're definitely exposed to it. You don't see it. You're from a younger generation that has always had information in your hand with a cell phone.
We come from two different schools on this. If I am right and things are going to go real far south and change your future, the stakes are high.
If you are right and I am overreacting year after year and nothing's ever going to really give. It's just change is constant. Change is normal. We had a world war, we had a black plague. We've had all this before.
If you are right, so what, we do a radio show. We took this on to sound alarms. Yes. I'm going to be the crier. If people, if enough people email us at team at another money show.com or call us at 6 to 352-30444 and ask us to do more financial and less current events. We can do that. We have the knowledge. I've been in the office almost 28 years. Anthony's been there almost eight years. So. And you know what? Anthony's been there almost eight years. The biggest black swan event of the history of the world, not just this country, was Covid and the market went down for one month. For all practical purposes, the Teflon Dow, everything went down 20, 30% the month of March 2020. Then it went right back up.
So, Anthony, I don't know that you're prepared psychologically for people's reactions on securities. So I'm very lucky that you have adapted and adopted my safe practice mentality. And you believe in protecting and growing assets in that order. You're huge on pensions. We safeguard money. So when the downturn gets here, if we have another 2008 in the S&P 500 goes down 57%, our clients would be okay. That's what I got to see in 2000 thanks to my father. And that's what I got to see in 2008, more thanks to me. Because I was like, this doesn't make sense. I mean, it doesn't make sense. My father was really, really concerned about the tech bubble. People wanting to buy stock called pet.com that had no product, just a domain name. He was very concerned. People were illustrating variable annuities at 14%. And he said something the effect of, if I catch you doing that, you are out of this office.
You're not my mother. You can't stop me. Anyway, so I. Wow.
Should I back down a little bit and go to. Go to Shout Outs before the show's over? I don't care if we get into any articles today. I want to rant a little bit about the world as it is. So I think today if we get to my articles, fine, except for the Festivus. We're going to read one or two Festivus items.
Shout Outs. I want a big shout out to our friends up in Snowflake, Arizona. I saw a bunch of them, had a couple appointments up there on. On Sunday, so went to the ranch house. I mean, it's just. It's so nice up there. The air is cleaner, there's less traffic, the water tastes better. Everything's good. So I thank you to the people that met with us.
Shout Out.
We did a presentation last night for the Sun City Republican Club. And I really thank you so much for having us. I mean that. It was wonderful. We met some new people. So great to see Marcy and Annette and some of our friends John and Robert. And we met a woman named Bonnie. And it was. It was very wonderful. So shout out to you guys. They. They.
From what I understand, most of the people there are on Team Junior. We actually had one young man say to us, where's Anthony? I want to shake him. We. It's. And it's funny because we're. We don't. I mean, we're still family. I mean, we're not going to break up if the doctor is still listening. That said, are you guys going to break up? We're not. We might wind up hating each other, but that'll be fun too. For the radio show. I think that'll make for a more interesting show.
What else? What else do we have here? And then. And we did. We, Anthony and I. You know, I get ramped up after those presentations. I know that's shocking with my mellowness. But we stopped and had a beer at a little place right next to the presentation. Shout out to the bartender. Her name is Rocky and she was super cool, so very smart for a young woman. Seemed to be very aware of the world. So that's awesome.
What else do we have here? We were going to do the show today live from Davos, Switzerland, but Our budget constraints made it not possible. You know, Trump is in Davos. He already spoke yesterday. I was listening to the clips from. And I don't expect Sam or Anthony. You two have been listening to clips from Davos because you have me, so you don't have to worry about what's going on in the rest of the world. You know, the people that fly their private jets, the families, there's a bunch of families that rule this world. Not just bankers, there's other, you know, influential powerhouse families that run the world. You know, they, they, you know, it's not too much of an exaggeration to say that one day you will rent your home and your car. You will live in 15 minute cities. Maybe we'll eat bugs, I don't know. That was kind of a test balloon that didn't seem to take off yet, but these people were meeting. I listened to a clip of Gavin Newsom yesterday. If you get a chance, you might want to do a Google search.
It was shocking. I couldn't believe I was hearing, and I'm not a fan of Gavin Newsom, so I didn't figure I'd like to hear what he had to say. But even for me, not caring for that dude, it was shocking. It was horrible. This guy actually was scolding world leaders. And I know what, just come out and say it, you chicken. You don't like Trump. I get it. Everybody that doesn't like Trump has made it painfully clear. Some of you have come out and said it. Elon, some of you people. But this guy, he talked about like basically the world cowtown to our president.
And what really, really you need to hear, he said to the leaders, something to the effect of they're wearing knee pads. This is a guy who has, I think, presidential aspirations. And he said world leaders are wearing knee pads or should be wearing knee pads or something. The, the implicate, what do you call it, the inference that that makes. We can get it if we think real hard. So you're a, you're, I mean, you're amazing. If you want to sue me for slander, whatever. I mean, I did hear it, so I believe you really said it. And, and go ahead and sue me. I don't care. I have an umbrella.
Davos. What else is going on? Greenland. I mean, obviously that's not over. Trump addressed that this morning.
He doesn't want to do it militarily. But, you know, the thing about Trump, and this got brought up last night with a few conversations. He floated Greenland a year ago. What Trump does is he says something outlandish and we all, you know, everybody on one side of the aisle freaks out. And, you know, he's a dictator and a king and all that. I know. And the other side of the aisle, they're like, well, you know, minerals, strategic location to try to get our country not bombed out of, you know, into oblivion. So he, he threw that out a year ago and people dismissed it. And now it's very, very real. I think we are going to have Greenland just like we have, you know, what is it, Puerto Rico? I think it's going to be an annexed part of our country.
And what's so funny?
There's, I don't know, I think I read there's 57,000 people on Greenland. So it's not a huge, you know, for a huge country. It's not hugely populated. Do all those people get to be added to Social Security, Medicare, Medicaid? Do those people, can they apply for SNAP benefits and EBT and Section 8? And how does it work out financially? Are we going to have to compensate 57,000 people for joining us? What. I mean, there's so many things that this could lead to that are not even being spoken. People just at this point are talking about, you know, is Russia and China going to stop us from taking Greenland? Are we going to go to war with entire, you know, European Union? What, what, what comes next? I don't know. I still think, and I said this four years ago, so again, I don't think anything happens overnight. I still think China is going to re. Annex Taiwan. I think they're going to invade. And we have committed to our financial and military support to Taiwan. So, you know, I think we're in World War iii. When you're in Ukraine, Russia, Nigeria, Syria, Iran, where else are we? We're in Venezuela now. I mean, if there's money being given and there's boots on the ground, I think that, I think that's a war. But I don't know. I guess the official definition of World War III is it doesn't commence until we have China or Russia involved. My problem is I believe it would be China and Russia. And this Greenland thing could be the, could be the caveat to kick that off. So we'll see what happens. We'll just have to wait and see now, won't we? You know, and Trump floated Canada too. I think maybe he came to his senses and thought, what a, what a wasteland. Keep their moose and me and mice up there. So. But maybe Canada will be the 53rd state, maybe we'll keep gathering states.
Switching gears. Any, anything, Anthony, on that? Anything you want to talk about? Geopolitics, Anything you're watching? Are you watching Davos or any of this?
[00:22:56] Speaker C: No, because I don't want to get shaken.
[00:22:58] Speaker A: You don't want to get shaken? Do you want to get stirred?
What do you need over there, Anthony? I'm just, I mean, if, if you want me, just start. Sending you video goes. I, I gave up years ago sending you videos because you're, I'm like, did you watch it? No, No, I didn't. Are you gonna watch the. No, no, I'm not. And then I, I committed you to only send you ones that were hyper important. And I'm sure you notice I really don't do that anymore. It's like, I just don't know that you care. I don't know that you. And, and I'm guessing this is my opinion. Before you jump me, I think you're like, what can I do about it? I mean, what, what can I do about. Even if I see it and I know it's happening, so what, what can I do about it? Well, I mean, I gave this example a while back. Your mom used to say that to me. Why do you get so upset? Why do, why do you worry? You can't do anything about this stuff. I'm like, you're right. I'm just me. I'm one person. But if movements start with one person sharing their ideas with another person, and pretty soon there's a Million Man March, pretty soon there's Black Lives Matter. Pretty soon people organize. I guess the Black Panthers are forming up a group, so get ready for that. So we're gonna have antifa, blm. We're gonna have a lot of, a lot of weird influences coming up over the next decade anyway. Anthony, my sense is that you think I'm overreacted. There's nothing I can do about it, so it just doesn't matter. I think the first step is awareness. I think that at least because of our radio show, there's some people that have started listening to us that, that didn't know some of the stuff I say. You know, we had a woman last night when we were leaving the presentation that said, you know, can they have me back? It's like, I, I, I think people, I have to share with them. And the funny thing is, for this show, I try not to get called out on things. So I vet and verify as much as I can. When I find something that seems interesting, I always look for a second article. I don't know that you realize this, Anthony. I've said it, but I don't know if you really. I spend about 8 to 10 hours a week doing the outline, reading articles, watching videos. I put a lot of time into this show. If you're listening right now and you're probably like, really?
It sounds like you just show up and throw up. It doesn't sound like you prepare at all. I do. I usually have 10 plus articles each week to cover stuff I find interesting stuff I just think you're not getting anywhere else. There's so much out there. We've been on the air for almost four years. We have never had to duplicate a show. Doesn't matter if it's Christmas week like this year. Doesn't matter if it's this week, Martin Luther King week, and Sam is traveling to Tampa. We still found a time to record the show. So one last thing, because I know Sam's going to put up soon that we're nearing in on break time. I want to read something to you that Anthony hates that I haven't read in a while. And I'm not just reading it because Anthony hates it, but you need to look up a psychological term that I think covers most of the country. I'd say all just different levels and percentages. I want you to familiarize yourself with the term normalcy bias. Let me read the quick Wikipedia version. Normalcy bias is the cognitive bias which leads people to disbelieve or minimize threat warnings. Consequently, individuals underestimate the likelihood of a disaster when it might affect them and its potential adverse effects. The normalcy bias causes many people to not adequately prepare for natural disasters, market crashes, and calamities caused by human error. Normalcy bias has also been called analysis paralysis, the ostrich effect, and by first responders, negative panic. So I know we're at break time. We can talk about that for a hair if you want after or Anthony, I know you hate it. We'll just move on. But I think most people are just like, my gosh, there's so much to worry about. I'm not even going to pick one because there's 10 and I can't do it. With that said, we want to meet you. We want to be a second opinion on your finances. Give us a call, 623-523-0444 or email us@team another money show.com. we'd love to meet you. We'd love to introduce you to our YouTube channel, our podcasts. We, we want you to share us with your friends. And with that said, we'll be right back. Thank you so much for being with us. We do appreciate it.
[00:27:05] Speaker B: Thanks for listening to Another Money Show. If you like what you're hearing, be sure to leave us a rating and subscribe to the show wherever you listen to podcasts.
Welcome back to Another Money Show. To schedule your free, no obligation consultation with JR and Anthony, visit anothermoneyshow.com or call 623-523-0444.
[00:27:34] Speaker A: Welcome. Welcome back to Another Money Show. Thank you so much for being with us. As you know, we are a little tiny fish in a big huge pond and we need and want and value your support. We've got more and more people coming in, so that is so cool. And I guess I should shout out to another radio station that's been so supportive to us. Joe Jaquint had me on again last week. He was actually traveling. He was in Texas.
I'm not going to call it Texas anymore. I'm going to call it Texas because he was working on the texit coin project in Texas. So I co hosted with Jason Walker last week. So, so cool. Thank you so much. If anybody ever wants a link to the shows, I believe that was my eighth appearance on the Patriot Radio News Hour and I've been on the Half Empty cup of Joe once. So I, they're just, they've been good to us. I think we're going to ask Joe to come on the show next week because if you hear me talking about being on Joe's show but you're not sure who Joe is, we'll try to get him back on and give you a little dose of Joe. And he's, he's on a sister Salem network and so it's really, I love that we're helping each other.
Anyway, so thank you again for being with us. You know, do check out our YouTube channel. We've got about 660, I think it is subscribers now. We do have like over, I don't know what it is. We have 430 or something thousand views of our shorts and our videos. And you know, there is a link every week for the first few days to get to the show each week. But it's, I don't know, I mean it's, it's a wonderful project. Oh man. I still have to get some new funny shorts over to Shelby to pop up there. So I'll work on that soon. Just it's been busy back to the world as it is.
I'm going to go to Minnesota for a second. Unless. Anthony, do you want to air out the normalcy bias at all or should we move on?
[00:29:18] Speaker C: No, because I still don't really like those terms. I looked up what's the opposite of normalcy bias and it says one status quo bias, which is a general preference for things to say the same, even if an alternative offer or if alternative offers better outcomes, driven by desire to avoid change and potential losses. But then there's worst case scenario bias, which you definitely have the opposite tendency where individuals exaggerate the likelihood of a negative outcome leading to panic or excess preparedness in response to minor deviations from normal circumstances.
[00:29:56] Speaker A: Do you know why I have that?
[00:29:57] Speaker C: I still don't think either one of those fully describe my feelings towards you and normalcy bias, but they're kind of close because you. You do not accept any change or any.
Anything at all. So I guess it is kind of both of those.
[00:30:15] Speaker A: I do accept change. I'm a cryptocurrency owner now. And if you'd have asked me two years ago, I would have told you I'll never do it. Even though I missed the boat on Bitcoin. If Bitcoin went back down to 16 cents two years ago, I still wouldn't have bought it again. I still wouldn't have made the. I would have made the same mistake twice if it's going to rock it.
I do change. I mean, I moved to Sun City.
I'm one of these people that think there's too many old people there. I would never move to Sun City. I change all the time. You just don't want to see it. You want. You're stuck in normalcy bias on me. You think that I have worst case bias. Do you want me to give you one main reason why I have worst case bias? And I do love that. I love that there's an opposite end. And I love that you and I are on the two opposite ends. I can tell you right Now, I'm guessing 85% of our listeners would be on Camp JR, not Camp Anthony. Just in the feedback.
[00:31:00] Speaker C: Separation between people because the country's worried about civil war. Yeah. You're not trying to bring people together. It's all about how we're all different and how we don't listen to one another.
[00:31:11] Speaker A: I think I didn't hear what you just said, but I think civil war should start in the home. I think it should start with me against you and your mother. I think I should get our dog Lola. Your mom should get Shadow. I. I used to Think you'd go with me? Like, you know, even though you're in your mid-30s. Like you'll spend Christmases with me. You can see your mom two weeks every summer. I don't know. Now I think you can have her. But I. I think.
[00:31:30] Speaker C: Pretty sure I'm gonna talk to neither one of you ever again.
[00:31:34] Speaker A: Is that supposed to excite me?
[00:31:36] Speaker C: I'm taking applications.
[00:31:38] Speaker A: Nice. So, Sam, you're staying with me. By the way. Don't even think about it. Don't even. You're staying with me anyway. I can give you one main reason why I am locked into worst case scenario A. I think that's what's coming. I really think that every. This is the quiet before the storm. The four years that I've researched for eight to 10 hours a week to package one hour show for everybody listening. It's getting worse, not better. So I think I'm on the right side of the biases. Biases. Bias somethings. You know what the other thing is? We have a radio show. Anthony. Do you realize that we are not on K Love or JK Jazz or something. We're on 960, the Patriot, the best station in Phoenix. It's intelligent talk radio. We. We are. We took this on to sound alarms. If we just do the financial stuff. Let's go to the financial. I actually, I think KFNN or whatever it is is gone now. 15:10am has been dead air for a couple months. So I guess there's no longer a financial news station in town. But I mean we. We are supposed to shake people up. Do I think you should get to worst case scenario where you, you know, remember the movie or the TV show? Doomsday bunkers and doomsday preppers. Do I think you should empty your swimming pool and put in aquaponics? Do I think you should do nothing? You know, build a root cellar? And. And no, I don't. I believe in diversification and moderation. I don't believe you should have all stocks and bonds and. And 90 plus percent of the people that come into the office for second opinion. They don't have safe products. They don't have proper diversification. They mean well. They've had a 17 year run up in their portfolios. Certainly not 635% worth. But they've had good returns, so why should they worry about the world? I'm just telling you, I. Money goes down a lot faster than it goes up. The old expression, money takes the elevator down and the escalator up. I just thought about Mitch Hedberg. An escalator can never be broken. The worst thing it can become is stairs. I really. Anthony, our job is to shake people.
I think you want me just to, you know, be chill and have common sense and let's, let's. As soon as, you know, enough people tell me to stop this, I'll go to financial planning. I'd love that. We would probably have more sales generated from this show. We do this show to wake people up and sound alarms. It would be nice if we, if we. If all sudden we made more money because of this show. I know that's what the other financial shows do. I understand that. So, anyway, moving on. Let's talk about Minnesota. You know, I mean, when I chuckled last week because I don't know, one radio show, the guy compared like Iran versus Venezuela and Minnesota. He lumped the three together.
Minnesota is a third world country. Look at it. Anthony, why don't you vacation in Minneapolis and then tell me you're not going to get jump right into my worst case bias? I'm watching videos every single night. It's not dying down. If it grows legs and gets to other cities, that'll be bad. Am I staying in my house and not going to work or going to the store or going to do a presentation because I'm worried about unrest in the streets? I am not. I just want people awake. I want the discussion. I want people to talk about it. The fact that you and I see things differently doesn't mean we have to hate each other. There's so many more reasons we can hate each other. We just. The country's lost its civility. It's lost its moral compass. It's lost so many things.
So in I'm old school, where I'm coming from is different than you. You're coming from a place where you don't need to be married, to live together, to have kids, to do certain things. I get that. I know things are changing. I don't have to like it, but I have to accept it. I said during the presentation last night, you may not like the fact that the government unveiled the genius act and Fed now and all this stuff. You may not like the fact that we're at the end of our lifespan of the world reserve currency and the currency is going to change. You might not like it, but. But make no mistake, that's not going to stop it from coming. You better be prepared. You may. Even if you're old like me, you may want to get a Coinbase account or one of those things you May want to practice with cryptocurrencies. You may want to get your kids and grandkids and have discussions on how you do things like that. When. When you came in the office, Anthony, you showed me how to do online bill pay. I showed you how to write a check. Maybe intergenerational assistance would be good right about now. Because the landscape's changing, and I see it too much, and you don't see it enough. So I think the middle ground is the best thing. And whatever the one is, the third bias where you. You know, even if there could be a better result, you don't want change. That's like the creature of habit. People that don't accept the changes is necessary, and it's unstoppable. I don't think that's me. I think I adapt as much as I can for an old man. Anyway, back to Minnesota, I think. Please tell me both of you have at least seen or heard of this. Have you seen about the people busting into the church on Sunday?
Don Lemon. Don Lemon, you know you've been fired a few times. Go home and do your thing or just get out. Don Lemon, did you see that, Anthony? Sam, please tell me you've heard about this.
No. Very aggressive.
Busts into a church.
The pastor of the church is also an ICE agent, and apparently the guy's swearing there's families and kids in the church.
I think that there's a chance that stuff like that, that kind of behavior could lead to civil war without a lot of problem.
You mess around, find out. I mean, I just. I don't know. And I watched the video, and I'm so disgusted. And then I watched a. One of my favorite YouTube people. I'll give you a warning. His language is really colorful. There's a guy on YouTube named Salty Cracker, and he's like a.
A younger person's version of our show. He's current events. He does a daily YouTube. A couple times a week, he does a live stream, and he talked about it on this morning. On this morning's video, and I was just like, wow. So he. He's the guy that busted in the church and made a big ruckus. Apparently, he's not so tough when he's on his own because a couple of people cornered him with video cameras going, and he backed down, said, he's a patriot, he's an American.
It's just disgusting.
So. But be careful, because if you bust into the wrong church and you try to create a ruckus, people do realize now, right? That whether there's a sign on the door that says no firearms. There's a bunch of people that are worried about the world. They know that you could be in a church or a school or a movie theater or wherever, and there could be a problem and you may have to defend yourself, your family, and innocent bystanders around you. So just so you know, you bust into a church, somebody might cap you. Is that the term the young people use? Young people still use it. They may smoke you, they may unalive you, so be careful. But I just. I find it so disturbing that it's okay. You know, it's the First Amendment, right? Right. Anthony, you can peacefully assemble as long as you don't touch. I don't know what. I don't know. You know, you start. You start attacking people. I don't care if they're law enforcement, ice, I don't care. I don't care if they're civilians. Once you start attacking people, I think you should go to jail. But I also know that you also might get yourself killed. So who knows where that leads?
Should we get to my Festivus Report?
Should we leave Minnesota? Do you. Do you want to go back to Davos? Is there anything else going on in the world? Japan. Japan. Your bond market is becoming quite problematic.
Anybody that's watching Japan right now, of course, their market, their. Their Nikkei or whatever it is, it's like 53,000. It has lockstep with the Dow for the roughly 17 years since our bottom. It's funny to watch the Japanese market and the US Market. Quite interesting. So if the Japanese market takes a dump, I'm going to watch our market more closely.
Let's get into the. I'm looking for my notes on the Festivus Report. While I do, I can tell you something I read last night there. In the past 24 hours, this was as of last night, there's been 511 earthquakes.
The.
On the west coast, around California, maybe. Maybe Mother Nature has been listening to Gavin Newsom talk smack to world leaders and it's time. So, California, if you're going to fall under the water, I'm sorry for you. We'll miss you.
Festivus. I just said I try so hard never to say Festivus Report.
[00:40:03] Speaker C: Let's get to say instead. So you don't say.
[00:40:06] Speaker A: It's funny, Anthony, it's supposed to be sarcasm. Yeah, go with me on this one. That's good radio. Trust me.
So here's one for you. I'm just going to read them in order. So some are going to be better than others, but I'll do one or two a week. So here's, here's a good one for you. Amount wasted 1.5 million.
The department. Oh, and by the way, if you, if you didn't hear our show last week or the week before, we. Every year, Rand Paul comes out with a fraud, waste and abuse, a thing on wasteful spending from our government, which means your tax dollars. Because if you don't know this, the government doesn't produce anything. They either print money or they take money from us in tax dollars. So. And they have a lot of it. It's not enough just to give to Ukraine. They've got to give it to mice on cocaine and other things. Here. Here's a couple ideas from Ron Paul that he gathered. The Department of State is spending $1.5 million to fund the American Film Showcase, which is a professional exchange program that sends us documentaries, feature films and animated shorts around the world while transporting American filmmakers abroad for screenings, workshops, and disclosures.
Launched in 2012 under the Obama administration, the program has featured Oscar and Emmy winners jetting around the globe to chat about free expression and creative economies.
Recent screenings have included Chasing Ice in Mongolia. Oh, we need to annex Mongolia. Where's that? I didn't even know there was still. I like Mongolian beef. We need to annex Don Donald. The Donald, if you're listening, Mongolia. Let's see where it is. Sam. Yes, Great barbecue. We need Mongolia as part of our country.
Anyway, Chasing Ice in Mongolia, focusing on global warming and the case against eight in Estonia to promote lgbt.
What does that stand for? Liquor, guns, bacon and something. Political activism. I think we can all agree that Hollywood is doing just fine at spreading its films around, spreading its films around the world without our tax dollars.
Sam, Anthony, Crickets. Anybody have anything to say? Do you approve of your tax dollars going to Mongolia and Estonia to warn about gay and climate change?
[00:42:34] Speaker C: And Sam, literally the only thing I want my tax dollars going to.
[00:42:40] Speaker A: Well, then you're not going to like this because I got another one. Here's 1.9 million.
I love these. I don't know. I'm torn. Maybe we should have done a whole hour and just read all these at once.
Amount wasted 1.9 million.
The Department of Health and Human Services has awarded 1.9 million on a hybrid mobile phone family intervention designed to reduce childhood obesity among Latino families in Los Angeles County.
Let's see here. The concept. If you can get families to stop giving toddlers sugary drinks in person. Person Maybe a push notification can.
Researchers are recruiting 260 Latino families from WIC centers in East LA and MacArthur park, offering $25 gift cards for each check in and $35 at the end to keep them from dropping out. The grand plan is in a few is a few in person sessions followed by two months of mobile phone booster messages designed to convince caregivers to cut TV time and sugary drinks for kids aged two to five.
The intervention also involves leveraging familyism. I've never heard the word familyism before. I like that. The idea that if you can get multiple caregivers to think about the broccoli together, it'll magically lower bmi. To make it sound extra scientific, the study includes randomized control groups, BMI measurements and computer generated block randomization. All to find out whether push notifications can do what decades of nutrition counseling hasn't. At the same time, the experiment will also explore the potential to reduce obesity risk for the parents. Wow. Not only are we trying to dissuade watching TV by having kids stare at an even smaller screen, but the project is also trying to tackle adult obesity impacts in an experiment on kids. So while families across America are struggling with overpriced grocery bills, taxpayers are shelling out millions of dollars to see if mobile phone can raise your child better than you can.
Come on country.
The reason that I'm so worried about the future is we're so stupid. The country, not us, not us, not the people listening to us. The people that are aware of the world are on Team JR and they know how dumb this is and how dangerous this is. The country en masse. We're fat. Lazy. Instant gratification. We just don't get it. This is. This is crazy. You know, I mean for years I have noticed if you buy McDonald's. This is true. Up until Covid. Now everything's kind of gotten the other way. Inflation, that was transitory, non existent. Now it's just here forever. We're going to get to a target inflationary rate.
If you go to McDonald's, it was cheap. Hamburger was like a buck. There was always like two for $5, Big Macs and Quarter pounder cheese. But then go to Sprouts and try to buy fruits and vegetables and good for you food. And it's extremely expensive.
Why does an organic apple have to cost so more than a regular apple? And what the hell are they doing to our food? I don't know. Anthony at one point years ago said bioengineering and all this stuff, you know, modified Food is good because now there'll never be a starvation problem. We're all going to live. I don't know, we're just dying. We're dying from this stuff.
[00:46:38] Speaker C: What I'm saying is if there's a massive famine like there was in Ireland and people are dying because they don't have food, we're going to be extremely thankful that we have all this genetic modified whatever. Is it good for you? No. Is it going to cause cancer? Probably. But you know what? Given the choice of not eating and eating, you're going to want to eat. So I'm not saying that it's good. I'm saying it's good that we have the technology if we ever needed to use it.
[00:47:07] Speaker A: Your point is well taken and I will agree with you. And as soon as the fat, as soon as it gets here, the famine gets here, I will be willing to eat Cheerios. Cheerios, for Pete's sake, are genetically modified. I will be willing to eat Slim Jims and processed food, have deodorant in my aluminum in my deodorant, you know, chlorine and metals in my water, microplastics in my Keurig K cups. I know, and you do make a good point. I mean, versus a famine and starvation. Yes, I would choose to eat processed food, but I just think that years ago when I found out that our government, more of our tax dollars, were paying farmers not to plant their crops, when I learned that, that was one of the eye opening parts of my life that I think things are going the wrong way. You're paying farmers not to farm? What the hell's wrong with you? Why don't we bring back the roadside farm stands that I used to see in the suburbs of Chicago as a kid on our Sunday drives after church where we didn't worry about somebody coming in and shooting us.
Bring back food, bring back barter, bring, make the country like it was a long time ago.
Were we ever Mayberry and the Brady Bunch and all that? I know, I know we were never that. There was always problems, there was always different factors in life. But I think right now, I mean the technology, everything is going the wrong way, I think. But I'm stuck in what is it I need to start remembering that. Not normalcy bias. What's the other one?
[00:48:41] Speaker C: Worst case scenario bias.
[00:48:42] Speaker A: Worst case scenario bias. I really, really like that. And by the way, I mean again, we have a radio show, so that's where I have to go.
We talked last night for a quick second about gold backs. If you're one of our listeners that has bought gold backs over the years. Arizona launched theirs. So I know they're a little bit more expensive now.
The price of gold has gone up. I looked again this morning by the grid.
[00:49:08] Speaker C: That was the place that I found that I liked.
[00:49:10] Speaker A: They had the cheapest spread. Yes. If you go to these gold dealerships, you're going to pay more for. For your gold backs. We, we told people. When people said is this a good investment?
I don't know that it's necessarily. I don't know that I would consider it the word investment.
It is a novelty. As far as I know, only a handful of people accept it. You can't take your gold back to Walmart or Lowe's or Home Depot or bashes or whatever. So it is more novelty. But it is gold. And we believe in diversification and moderation. If you're keeping them to hand down to your kids because they're cool, you know part of why people like silver, because it's shiny, because it's cool. They don't necessarily think they're ever going to have to leave their house and barter with it. Then heck yeah. Buy some in moderation.
Should you have?
[00:49:55] Speaker C: Now I'm looking it up right now for Arizona instead of. Because before the lowest was 1:1 gold back which is 1 1,000th of a troy ounce. But now they even got a half. So it's 1 2,000 month.
[00:50:10] Speaker A: And how much is it today? Today?
[00:50:12] Speaker C: Today the one back is 9:32.
And I feel like last time I did the math, the, the, the price over spot because these gold things, you know that 1000th of triumphs that's literally if you melt these down has gold in it but you're spending about double. So I mean it's obviously much higher for your gold content but they're cool and sometimes just fun to own.
[00:50:39] Speaker A: But we did have a couple clients that asked us. They approached us with it, you know, from the old Randy Miller days. And we had people approach us and we're like yeah, of course. I mean it's not a bad idea as long as it's cool to you and as long as you don't go crazy with it. And then some of the same people, I don't know if they listen. One, her name is Karen. There's a few people that that. And then they asked should we sell it? Like it's not doing that great. Well, I mean, I don't know if you bought it for the right reasons. If you didn't buy it to make a fortune. Heck no. Don't sell it and then fast forward a couple years to now. Aren't you glad you didn't sell it? Because they were four bucks a few years ago, now they're nine bucks. So I mean and if you bought a lot of them then, then always take some profits. Not a bad idea. I just, I mean anything, precious metals. Right now I'm leery of selling as much as I'm a huge proponent of my grandfather's buy low, sell high.
I'm also seeing geopolitics. I'm seeing inflation. I'm seeing that this country could get back to 70s style inflation. Anthony, you were born in the 90s, right? So you probably don't remember as much as I do the 70s style inflation. But I do remember being in the car with my father and I remember 54 cent gas and I remember some of that stuff being born in the 60s. I was young but I remember the 70s.
So anyway. Oh, I said I'm again, so yeah, goldbacks, you know, Arizona, if you want to add to your collection, pick up a few of those. The government shuts down in what, nine days. Anthony is the 30th. I haven't heard one single thing on the news.
Joe Jaquin is the only one I've heard mention the upcoming shutdown.
I think the focal point is going to be over health care. But maybe they're going to add in some talk of, you know, giving money to people in Greenland. I don't know.
So we'll see if the government shuts down.
Cryptocurrency. Reach out to us if, if, you know, when I said I'm not averse to change, I'm not resistant. Reach out to us. We'll give you some thoughts, we'll give you some guidance, we'll send you an article if you want on the genius act. We'll try to help you in any way we can. So make sure you keep us in mind. We love to meet you. Not all in one day. I don't want all of our listeners to come in on one day, Thursday afternoon, spread yourselves out. But give us a call, come in and see us. All right, Anthony, it's all you.
[00:52:57] Speaker C: So that's it for today's show. If you like what you heard, you have questions about any of the topics today or if you want to sit down with us to review your personal financial situation, you can reach us at team at another money show dot com. Find us on the web anothermoney show dot com. There's a contact box in there. It's got our phone number and that phone number is 623-523-0444. That number again is 623-523-0 444. Remember, there's no minimums, there's no cost for appointment. It's really nothing to lose by getting a second opinion on your financial situation. We'll see you again next Saturday at 5am and noon right here on 960 the Patriot.
[00:53:40] Speaker B: Thanks for listening to another Money show. You deserve to work with a private wealth management firm that will strategically work to protect your hard earned assets. To schedule your free no obligation consultation, visit anothermoneyshow.com investment advisory services offered through Brookstone Capital Management, LLC, BCM, a registered investment advisor. BCM and Rochford Financial are independent of each other. Insurance products and services are not offered through BCM but are offered through and sold through individually licensed and appointed agents. Investments involve risk and unless otherwise stated, are not guaranteed. Past performance cannot be used as an indicator to determine future results.
[00:54:19] Speaker A: Hi, I'm JR Rachford, host of another Money show. If you've heard our show, you know it's about current events and how they're going to affect your finances and your future. What I see time and time, time again is people afraid of outliving their retirement assets. I've also seen the key to a happy retirement and that's good steady income. Folks with good steady income tend to be much happier and believe it or not, healthier. Stop worrying so much about your assets that come and go. With almost 30 years in the financial services industry, I know self funding a pension is the key to a happy retirement. Let's let us help. Reach out to us at 623-523-0444. That number again 623-523-0444 or find us on the web at anothermoneyshow.com and check us out every Saturday at noon on 960 the Patriot.
Any comments regarding safe and secure investments and guaranteed income streams refer only to fixed insurance products. They do not in any way refer to investment advisory products. Rates and guarantees provided by insurance products.
[00:55:30] Speaker B: And annuities are subject to the financial.
[00:55:31] Speaker A: Strength of the issuing insurance company, not guaranteed by any bank or the fdic.
