[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.
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 B: 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 information you may not find on those other financial radio shows. We appreciate to being here.
Last week we said, you know, please reach out. We were thinking about renewing again. You know, we do six months contracts with 960 and we get some good feedback but not always a ton. So we were very curious on those who are listening and if you guys want us to stay on. And I was surprised at how many messages and comments and phone calls that we got. We do appreciate you reaching out. I think it was funny though because almost all of them came up as restricted numbers. So I wasn't sure if they were prank calls or not. But luckily you guys left voicemails, very nice ones. So I knew that they were real calls because we get mostly scam calls to our office and my home phone and my cell phone. I don't answer my cell phone anymore. Tired of all the fake, fake calls, fake news. What do you got for us this.
[00:01:45] Speaker C: Week, J.R. speaking of fake news, J.R. what do you got for us this week? Yeah, I didn't, I did not want, I did not watch a lot of news this week. So I don't have as much as usual. I do want to start out. Well, let me start out with what you said. You know, we asked people to let us know. We in the next week will have the contract to go another six weeks. So you still have time to let us know. No, I mean we. Yeah, six months. Yeah, that's right. I don't, I'm not good with time or space or directions or any of those things. You know that. So. But yeah, we got some feedback. I actually got phone calls and the people that I know well enough, I got a bunch of texts there, there were people that are listening that I'VE forgotten. Listen. So thank you so much for taking the time to reach out to us and our thing. This is not an hour long infomercial. This is a show on current events and how they're likely to affect your future. I will tell you, last week I had a wonderful time. It was nice to have Anthony talk more than usual. So Anthony got passionate about something and if you know him, you know that is not a normal occurrence. So that was very nice. And I want to say it publicly, Anthony, that that was one of the best shows ever.
[00:02:51] Speaker B: He's the Scarecrow. What? No personality, right? Is that the. That was the scarecrow in wizard of Oz.
[00:02:58] Speaker C: I. I don't know. Brain, heart. I don't know what they all had. Scarecrow wanted a brain, lion wanted courage, Tin man wanted a heart.
[00:03:06] Speaker B: Luckily, Sam's here to save the day.
[00:03:08] Speaker C: I'm from Kansas, what can I say? At least I can come in with the wizard, the wizard of Oz factoids. It was basically a subject in school growing up. So. And with the two of us, I mean, we need all of those things. So we've got a lot of work to do here. So let's. You did hurt my feelings right before we started recording, Anthony. So this past week I. You don't even know what you said five minutes ago. So I was up in Snowflake, Arizona. If you know me well enough, you know that we're up there a lot. We have a little satellite office up in Snowflake. And I did not have as much time as usual to get articles and go over things. And Anthony said, oh good. At least I didn't waste 20 hours of the work week getting ready for a show where you can't even tell that I prepared which. And I will give it that I don't spend 20 hours, first of all, I spend about 10 hours. I do track my time getting ready for the show. I actually do a formal.
[00:04:01] Speaker B: Stuff you are going to do anyways. That's stuff you just do and then you count it and then you say that you can't help me around the office because you got to do the radio show.
[00:04:11] Speaker C: No, actually I can't help you around the office because I just don't care for you. That's totally different.
[00:04:15] Speaker B: There we go. See, that's all I'm asking for. I just need honesty out of you. I would feel so much better like. Don't give me these excuses. Who are you trying to justify your job? I don't need excuses. I can't fire you. Just tell me the Truth.
[00:04:29] Speaker C: I need five things. You need to email me five things you did last week. So if you're new with us, this, this is gonna be a little bit different week. I kind of warned Anthony yesterday. Couple things are going on. One, I was out of town, just got back last night. Two, I'll start with a sad note once a while. I mean, we're human, you know, we like everybody else. There's. There's good days and bad days. We have a very good friend up in Snowflake, so. And we've been up there almost a decade now, actually a little over nine years. And he passed away about a week and a half ago. I. I mean, this is a guy, Anthony. I mean, he started putting you on his emails too. He gave us a lot of feedback on the show, gave us a lot of things to talk about. But me, with me personally, we would email, text, we would talk to each other weekly. So I didn't realize how close I was to him because, you know, physically, geographically, I only saw him about four or five times a year. We used to invite him over for Thanksgiving. We've always had Thanksgiving up in Snowflake, so. But I didn't realize that. It would devastate me. He's been sick for several months, so we're not even exactly sure what it was wrong. But he was aravaced down to the valley, so that was a real bad sign. They did let him go back and he passed away at home. So he was a very big fan of the clean air, you know, drinkable water, less traffic, less chemtrails. He was a little bit of a conspiracy theorist. The only difference between him and me, he was really good at articulating why he thought the way he did. He was really.
[00:06:12] Speaker B: He.
[00:06:13] Speaker C: He had a side business. I don't know of anybody else that knows this, and I'm not sure why he let me in on it. He did anonymous work on the Internet and he. He started something and this was before I met him, so more than a decade ago, called the Warwick Research Institute. And he would research things and he would post things anonymously and I guess he had somewhat of a following online. So very interesting guy. He. He worked on a lot of things. He was very well known in the community. He worked on a newsletter up there. He just, he did so much for so many people. And it's.
I mean, for me, it's so weird. Like, I can't wrap my head around the fact that I'm just not going to talk to him every week. I'm not going to see him once in a while. So that's what's going on with me.
Obviously, I still am somewhat aware of what's going on in the world. I'm aware of the fact that we had a Federal Reserve meeting yesterday.
I've been making fun of it. If you've listened to us since we've been on the air, I've been making fun of it for three years. Who cares? Jerome Powell still there. Trump wants him to lower interest rates. He did not. I'll have to read later. I'll read the minutes because that's the weirdness I'm into. But it's just so funny. Apparently, and I have not heard this for myself yet, I haven't looked up the clips. He said the word transitory again. I guess this time. Yeah, transitory. Remember that when that, that guy and Janet Yellen, the Amazing J's. So apparently when the tariffs get here, which now we're only about what, two weeks are underway, there's going to be a spike in inflation, but don't worry because it'll be transitory.
These clowns in Washington, these, these people that are in charge of our financial systems, they need to go. You know, Doge is working on a lot of stuff right now. I can't wait till they clean out the Federal Deposit Insurance Corporation, the Treasury Department. So this, this walking Q tip with glasses is saying the word transitory again. Like we don't remember, you know how that went?
[00:08:23] Speaker B: No, people have forgotten. They forgot 2008, they forgot the dot com bubble. People have forgotten 2020 already.
[00:08:31] Speaker C: They're getting a little reminder. This recent market volatility in the NASDAQ and the Teflon Dow, they're getting a little reminder. You know, I, I pulled up my phone this morning when I got up and the futures were way up. And then first time I look at the Dow was up like 180 points. Now it's down. So I, I don't know, you know, we, we, and we were talking to you about Hooters and Joanne and Olive Garden, Red Lobster, one after another, retail, you know, dining, these companies are having trouble. So I don't think we're out of the woods at all. And now you add the tariffs, which, you know, we had Joe Jaquin on recently. We all agree that if the end, just, if what is it? If the end just defines the means are going to be okay, but there's going to be some pain coming.
[00:09:19] Speaker B: Cost going to be a long term solution. I mean, the whole point of the tariffs. Yeah, that kind of screws everybody short term. But the plan was bringing manufacturing back and being less dependent on a global economy outside of our exports. We need to not be importing everything, building jobs. And that's the thing is do we have the time for that to actually happen? Do we have the infrastructure to happen anymore?
[00:09:46] Speaker C: That's the first thing we should do is get Pittsburgh, Pennsylvania up and running. And you know, we used to import steel, we used to have bridges made in China and delivered to the United States when we had perfectly good, you know, factories here in our country. We need to build the infrastructure first. You know, under Obama, remember that jobs that were going to be ready to go, shovel ready jobs. Then all of a sudden it switched to you didn't build this. But you know, we need to work on the infrastructure. We've got failing infrastructure with bridges and roads and all kinds of stuff. Let's start there. My concern came out of five years ago now the whole Covid thing when I, when the irony hit me then I'm holding a box of masks in my hand and on the back of it it says made in China. Like you imported the disease kids over there in the Wuhan labs and bat soup and all that stuff. And I'm going to wear a mask that you made.
[00:10:43] Speaker B: Well, did you just see that Dropkick Murphy's clip? No. The MAGA shirt in front and he's saying I'm gonna make you a deal is like I'm give you one of these shirts regardless. But if your shirt isn't made in the US we're gonna swap and you wear this Dropkick Murphy shirt. And of course the MAGA shirt was made in China or. No, not China. It was like Nicaragua or something like that too.
[00:11:06] Speaker C: Indonesia.
[00:11:07] Speaker B: But all of. Yeah, and I've get such a kick out of that part. That's so ridiculous to me.
[00:11:13] Speaker C: So you know I've had a Harley Davidson motorcycle. Well, you don't know this but my first one I got in 1982. I've had at least one ever since I, I, when I first was into Harley's, they were cheap. I, I made payments on my first one. I bought it for my stepbrother and it was twelve hundred dollars. And since then I've, I've, I mean, you know, the first I bought a brand new one in 95, bought a brand new one in 2005. You know, now it's 2025. I wonder if Sandy let me buy another new one. Probably not because they're 30, 40 grand for a Motorcycle. But anyway, I remember years ago railing on that this is more than probably 15, 20 years ago. I was like, these stores ballooned. Like, whether you owned a Harley Davidson motorcycle or not, everybody had T shirts. And it's funny, because Harley's big thing, amf being saved. I mean, the whole thing about Willie Davidson, the whole thing was, this is us. You know, you could buy. They called them a rice burner if you bought a Honda or a Yamaha or Suzuki, Kawasaki. But buy Harley, because that is the usa. And then you look at these dealerships that just ballooned their sales. The big part of what kept them floated wasn't the motorcycles. It was the T shirts and the coffee mugs and the coasters and the boots and all the stuff, all of it. If you looked at the underneath or the backside, it was all made in China. Like, this country's lost it. So I'll tell you what, Anthony, you are correct. It's a long game. If we can make it, we'll be better off. Where I was going with that during COVID what really hit me when I thought about the gloves and the mask, the medicines we take. I'm not talking about ivermectin and hydroxychloroquine. I'm talking about, you know, people that are diabetics, you know, people that need asthma meds, all this. A big, huge part of our pharmaceutical comes from China. Think about that. A communist country that is not a fan of ours. And we're getting ready to raise tariffs further on them. We're getting ready to slow down what we buy from them. Don't forget, they're in a recession, too. They are like us. They have empty buildings. They've got, you know, real estate problems. They've got currency problems. The difference between them. Well, I guess it's not a difference. I was going to say they are communist. We're somewhat free. So they can just say the stock market's okay, the money's okay, we have no problems. And then people just have to believe them or they'll put them in prison or kill them. And, you know, I mean, obviously that's. That could happen here too, I guess. So I just. If we start with the infrastructure at the same time, let's start by making medicine here in this country. I think it'll work out well for you guys. I mean, you're both pretty young. I am. I mean, when I look at what I've seen and what I'm seeing and what I'm going to see, I hope I live long enough to See that I'm wrong about pretty much everything I've said for the last 20 years. I hope the banks don't fail. I hope the stock market doesn't have, you know, what I think is coming is going to look like 2008 and 2000 combined. I think, you know, it's going to be hard to. To parallel the two, but I think we're going to have another Great Depression. So did I mention that I have a neighbor that passed away and I'm devastated. Now I'm going to talk about the end of the world with stock markets and disease and all that. So welcome to my week off of relaxation and getting back to the show.
[00:14:36] Speaker B: Now you're back. Now everybody will feel comfortable. It's weird when you're not like this, right?
[00:14:42] Speaker C: So watching how we're going to get through the next four years and then maybe four years after that with J.D. vance or whomever, one of my questions, watching them exporting the violent criminals that were let out of prisons in Venezuela and so forth and brought over here, the. A big part of the country is against that. They want to keep the violent criminals.
There's these judges. Anthony, I'm guessing you've heard something about this. Sam, you probably have, too. There's a whole bunch of judges, hundreds of them, that are blocking things that the Trump administration is trying to get done.
Have you ever heard, you know, if you swore an oath, it's against enemies foreign and domestic? I'm being pretty blunt. I was blunt months ago when I said I think we need to hang the treasonous politicians. So maybe some of the future ones don't get the same bright ideas. I think that these judges are treasonous.
I don't know. And I'm real, bottom line, you either follow the laws or you don't. If you're here illegally, did you break the law? The analogy I use years ago, that made sense in my little chaotic brain. If I go into a bank and I rob the bank, let's just take a small number, just a small crime, you know, in the bank they have all this money. I only took $5,000, but the reason I took it was because I have a friend with cancer and I didn't have the money. So I wanted the $5,000 to buy chemo for the friend.
Did. Does that justify what I did? Is it okay because the, the money was for a friend that needed it, that was ill? No, it doesn't. It doesn't justify it. So the people that are here illegally, and, boy, we brought in a ton of them over the last four years. So you're here illegally. So when did we get to pick and choose what laws we follow? But anyway, back to these judges.
This is starting to be a reminiscence of the first term under Trump. They're gonna do everything they can to block everything he does. We need the country to succeed. I think everybody, even on two different sides of the aisle, agree with that. If not for our selfish selves, what about for our kids and our grandkids? So you know what? We've had the left in charge. We've had the right in charge. It's half the country is going to be pissed. We're that we've swung so far apart.
[00:17:14] Speaker B: Neither side really did anything. I will say with Trump coming in, he's changing things up, at least.
[00:17:19] Speaker C: Well, we've brought it to people's attention. I mean, politicians say, I'm going to do this, this and this, and then they don't do any of that. We've had one politician in my lifetime that says, I'm going to do this, this and this, and he does this, this and this. And the amount of obstruction that hit him on the first term, I'm amazed he got anything done. And here we go again on the second time. The lucky thing is he knew what to expect. There's a powerful team behind him that are also working behind the scenes to get things done. But we have to let him go and fix the country.
We haven't talked about the 10 pillars in a long time, but the 10th pillar was civil unrest. We go into civil war in loose lines. It's red versus blue states. Don't tell me that's off the table. I mean, I'm watching little clips on the news of people firebombing Tesla's dealerships. You know, the people that want to save the planet now all sudden are going back to gas guzzlers. One of our. Who is it? Who is it, Mark? Who? One of our representatives in Arizona just got rid of his Tesla and bought Kelly. Mark Kelly. Hypocritical. So he just bought a full size.
Do I need Sam? Do I have to say? Allegedly, if I say something about a politician I don't need. Is this the Arizona congressman that was an astronaut or as an astronaut?
[00:18:43] Speaker B: Yeah, he sold his Tesla.
[00:18:45] Speaker C: Okay.
I mean, I was just. I was just thinking about test driving a Tesla, and then everybody started vandalizing them. And I was like, well, I guess I'm not going to do that. Well, and are you watching some of the YouTube clips they have Cameras all around them. So Teslas are kind of hard to vandalize. They've got pictures of all these people running their key along it and you can see clear as day their face, apparently.
[00:19:08] Speaker B: I mean, it's happening, but it's definitely not nearly as.
It's like hundreds of thousands of Teslas out there. Maybe not.
[00:19:15] Speaker C: I mean, social media always makes everything seem so much bigger than it is because in reality, what everyone experiences in their day to day life is not quite that diverse. Right. It's pretty similar point. But let me tell you a story, Sam. The one and only Sam Davis. Let me tell you a story. This happened to me years ago. I was in San Diego or some city, you know, with water and a beach. Maybe it was Carlsbad. And I was walking along the beach and there were a bunch of starfish. And my dad was walking next to me, like dads do, holding my hand. And I saw these starfish up on the beach and I took one and I threw it into the water. My dad said, what are you doing? I said, I want to save that starfish's life. You know, he can't be on the land. We got to get him back in the water. And my dad looked around, he said, there's millions of them. You're not going to be able to save all these starfish. It's not going to make any difference. And I picked up another one and I threw it in the water and I said, it made a difference to that one.
You know, I. I stole that, right? Anthony, don't, don't. Aw, too loud.
[00:20:13] Speaker B: Oh, yeah.
[00:20:13] Speaker C: No, that definitely didn't seem like a. Yeah, no. Now, my father passed away in 2013, so yeah, I don't think he was there with me on the beach. And I'm not real beach guy, by the way. I like motorcycles and quads and all that.
[00:20:24] Speaker B: So what was the point of this story?
[00:20:26] Speaker C: I have no idea. The point was that when you say there's hundreds of thousands of Teslas, you know what, if you key mine, it makes a difference to that Tesla owner.
[00:20:35] Speaker B: Someone could key your Mercedes or key your Raptor too.
[00:20:38] Speaker C: Oh, thank you. Tell the audience what I drive. You know, so I'm a financial advisor. We always assume financial advisors drive Mercedes. My Mercedes. I got it in December of 2007. That thing's in 08 still pretty beautiful. Beautiful. It's only got 50. I think it's 57,000 miles on it. I mean, I work two and a half miles from office to home, so yeah, I drive an older Mercedes and yeah, I'd rather people didn't Kia, your mom has hit curbs with it. She's door dinged it all to hell. I mean, so it's got enough damage just from my own home. So I don't need strangers to get moving on. Did how did we get from Jerome Powell to Starfish and Mercedes?
[00:21:15] Speaker B: I have no idea.
[00:21:16] Speaker C: I don't either. Well, but that's good. People expect that from this show. So you know, back to Powell, the interest rates apparently they're not going to change for now. But he did warn that the tariffs up becoming are going to lead to some increased inflation. So here's part of the problem.
[00:21:34] Speaker B: We actually see increase like raises. I mean, do you think Jerome Paul comes out in a couple months and says we're actually going to raise rates? Because I know Trump's trying to drop rates and I hate for him to do it because I don't know, rates are still low. They probably didn't get raised high enough to fight inflation. I'm reading that thing right now. We've talked about it a few times.
[00:21:57] Speaker C: With that tarp, the Troubled Asset Relief Program.
[00:22:01] Speaker B: That's what it is. There's a paper written, I think I brought it up on this show and I never went back to actually read this study and I started right before this show so I did not finish it. But from the Levy Economics Institute and how the Fed said that they put like 7.7 trillion into the system but they're saying they broke down the numbers and it's probably closer to 29 trillion.
So yes, the fact that they left rates, you know, they talk about the shift in rates from. It was, it says it was five and a quarter in August of 27 to essentially zero by December 2008. Well, they kept it zero until Covid. You tell me in 12 years when we had the largest run up in the market that they couldn't have raised rates or were they, or was everything really not good at that time and they were using low rates to borrow money to feed this bubble.
[00:22:55] Speaker C: We have had a financial collapse heading our way for decades.
This was all to mask our problems. The problems aren't gone when you look at all of the bankruptcy. The, the economy is in deep trouble. You know, there's, there's pockets of people that are going to be just fine. You know, we, we are kind of our thing is if you have $5 million or more, you're probably going to get through whatever happens. Bill Gates buying up farmland. I don't know, you name the Scenario, you'll probably be okay. Most of us are probably going to see some changes in our lifetime. And it's not good. They lie about the numbers. When I talk about Doge coming in and getting to the treasury, you know, getting into these, the corrupt financial systems, it's a mess. It's a mess. And these people put on their suit and they come out and they tell us it's raining. It's not raining. It's not raining.
I'm not going to be blunt and tell you what you're doing to us, but it's not rain. It's absolutely ridiculous, Anthony. And unfortunately, I'm not sure how this ends. If, if you go over to our sister Stacen and you listen to Joe Jaquent, you know, he's still saying, you better. You better hedge some of your bets. You better buy some store of value assets like gold and silver. I mean, he's been right, you know, I mean, when I first started listening to him, gold was around 300 an ounce. Now it's over 3,000. You do realize it's closed over 3,000. Now, that's quite a. Quite a feat. I'm not sure how that's going to save us though. There's a whole slew of different issues coming our way. So I don't know.
[00:24:25] Speaker B: But in find out when they get into Fort Knox.
[00:24:28] Speaker C: Fort Knox, Yeah. Where. Where are we with that? I. You know what? I got another one.
[00:24:32] Speaker B: I would love for that to come back.
[00:24:33] Speaker C: It did disappear. And you had Robert Kennedy, Elon Musk, Donald Trump, you, You had a power team saying they're going to do it, do it. But we also were told we're going to release the JFK files.
[00:24:46] Speaker B: And now they did release some of that.
[00:24:47] Speaker C: It's all redacted again. It's all redacted. It does throw Biden under the bus. So there is some positive news to it.
I want them to have trans transparency. You know, Elon Musk was on the Joe Rogan experience a few weeks back and he said, if I, if I brought to you what I know, they will kill me. He didn't mince words. He didn't say something could happen. He said they will kill him. So if you just release the Epstein lists unredacted, you release what could have been from the CIA. You know, I mean, I don't know you, Mossad. I mean, you hear all these different things about jfk. Just release it all. Let's sink or swim. You know what Doge is doing. If we have time, we'll get to the Education Department. I did read a little bit about that, what they're doing with the Education Department. And I'm all for it. I'm married to a teacher. I haven't even talked to her yet about what she thinks about that. But you know what? The government's gotten too big and too bloated and too out of control. And I am a fiscal conservative and I think we need smaller government. And I think the states should take care of the state's business like abortion, like education. You know, some things I think they should leave alone, like things that are my basic God given rights, like the second Amendment that should not be run by the state. I have that right inherently. So with Fort Knox, do it. Let's see what's going on in this country. And then I brought up the toaster a few weeks ago. If you have a broken toaster, you fix it or you throw it away. Let's start fixing this country. It's a good time to do it. We're addressing a lot of different issues at once. Like the Education Department, like the usaid.
A lot of people are trying to slow this down. But watch who's trying to slow it down. The people that benefited by the ridiculous direction of our country are the people that are squawking. I don't care. I want them to stop cheating the future for you, for the two of you. I want change. So that's what I think. Why don't we do this? We do have a lot to get to. Even though we don't have a lot of articles, we have a lot to talk about as usual. Let's go ahead and get into break time. Do us a favor. We still have about another week. Please keep reaching out to us and letting us know that you're there. Let us know if you think we should continue.
We we've got only about 20 more views on our YouTube channel to hit our 200,000th view. So for little tiny fish that have right under 600 followers, we're about to hit 200,000 views. So if you, if you can push us over this weekend and as always, reach out to us with show ideas, set up a time to sit down with us if you want to see what we do outside of this ridiculousness. We would love to give you a second opinion. We'd love to help you with this volatile market and answer your questions, all of that stuff. We're at 623-523-4044 or you can email us teamothermoneyshow.com. we'll be right back and we'll, we'll dig into a few things.
[00:27:50] Speaker A: You're listening to Another Money Show. To learn more and contact Junior and Anthony, visit anothermoneyshow.com Remember, all of Junior and Anthony's listeners receive a free financial consultation just for listening to the show. Visit anothermoneyshow.com to learn more and schedule an appointment. Thanks for listening to Another Money show and subscribing wherever you listen to podcasts.
[00:28:14] Speaker C: Welcome back to Another Money Show. Thank you so much as always for being with us. As you know, we're a little tiny fish in a big pond and we so greatly your support means everything to us. So thanks for being with us. Of course we want to see you, we want to help you. One person, one couple, one family at a time. So make sure you give us a call at 620-33-523-0444 and sit down with me or sit down with Anthony or sit down with both and we'll show you what we actually do for a living in the office. And, and if you like this, if, if that's why you call, then just sit with me because you can still get this too. So with that said, let's move on a little bit. I do want to do a follow up to something we talked about several times last year and it kind of left open ended. I found an article from Reuters on 2 March of this year. U.S. treasury Department said it will not enforce anti money laundering law. So this is a follow up on that beneficial owner interest. Let's see here. U.S. treasury Department said on Sunday it would not enforce an anti money laundering law that obliges millions of businesses entities to disclose the identities of their real beneficial owners. The Trump administration has opposed the Biden era Corporate Transparency act on the grounds that it will burden low risk entities. The act has faced repeated legal challenges. In a statement, the Treasury Department said it would not enforce any penalties under the act against the US Citizens or domestic reporting companies. My main thing when that came out, and I know Anthony, you did yours, I did not do mine, it seems like a real big infringement. You know when you're going after drug cartels, when you're going after the, the, I mean you should have gone after some people in our own country when they had Fast and Furious and they were breaking all kinds of laws.
[00:30:21] Speaker B: You know that drug thing in California that had, or the, the lab that had Covid and flu strains and all of that. And there wasn't the whole argument, well, how do we not know who owns this? How do we not.
[00:30:35] Speaker C: They knew who owned it. It turned out that Newsom knew damn well who owned it, and there was back door deals involved. We found several subsequent stories on that, and they. It. It came out that they knew exactly what was going on. You know, everything's so corrupt. If you are, I don't know, if you say you're, you know, you're in management for the Arizona Cardinals and you get a dui, you don't have to worry about it. You're going to be fine. If you're me, if you're a private citizen who's not well connected, you're in deep trouble. There's nothing in this country other than the haves and the have nots. So, you know, when they. When they wanted me to say, who owns my company? Me. It should have been one word, me.
In the honest answer. In my thinking, none of your damn business. It's like when you go into a bank nowadays. Let's say you walk into a bank, you know, just whatever you do, don't make it pnc. Not that I'm still bitter, but let's say you walk into a bank and they ask you. You know, I say I want money, and they ask you what you're going to do with it.
I mean, I used to be a free country. I would say the correct answer is none of your damn business. I know the number one answer in my travels is you're going to buy a car. If you're asking for three to five grand, you're gonna buy a car. No, you're not.
[00:31:50] Speaker B: What the hell seemed like the same thing, pulling money out of your bank, because that is none of their business. But who owns a business? You don't think that should be known?
[00:31:59] Speaker C: I don't. I. Not it. No. You know what? If you catch me doing something, let's. Let's have some safety nets, let's have some. Some way to track things. No, I don't. I mean, I, I'm.
[00:32:09] Speaker B: You don't want to be. You don't want to know who you're tracking though, do I?
[00:32:14] Speaker C: I. There's the biggest corrupt company in this country is the government. Track yourselves. No, leave me alone. I don't. I. I want my First Amendment rights. I want to be able to gather peacefully and freedom of religion and speech and just leave me alone.
[00:32:29] Speaker B: That have to do with any of this?
[00:32:31] Speaker C: It has to do with. I don't have to incriminate myself. I don't have to say. I want to plead the fifth or whatever it is on this. I want to drink a fifth. I want to do something with a fifth about this. So I don't. Weird. Today is going to be a little bit scattered and I apologize. Let me take you back up to Snowflake, Arizona for a second though. Talking about scattered, this has nothing to do with money. All right? So we. Our well pump went out. So part of why we came back down earlier than we were going to, we had no water for a couple days. Let me tell you something. If we ever have. And I will tie this in to working on our infrastructure and our power grid. So if you don't have water for two days, it is so miserable. I just, I. It's incredible. So I think if we had a solar flare or an EMP that knocked out our power grid, we are in such trouble. Because going without a shower, having to manually put water into the toilet to flush it, the things we experienced for only 48 hours was incredible. And it made me think of something, you know, with Arizona. So I got stationed at Luke Air Force Base in October of 1987. I wound up being out at Luke for four years. And when I first got here, you settle in and then like, you know, the. The next week you start acclimating to Arizona, whatever base you're going to. Usually there's a training class on your local environment. And the two things, actually there were three. The three things in this class that they really emphasized. One, don't drive your car or your truck or whatever into a saguaro cactus. I guess people that are not used to them think it'd be funny to push one over, whatever. So leave the cactus alone. Number two was don't go down on Grand Avenue to a place called the Alaskan Bush Company. This Sam, since you're in, you're in Georgia. You may not be familiar with this establishment, but it is a clothing optional entertainment center. And they told, you know, when you tell people to avoid Van Buren Avenue to don't go to the Alaskan Bush Company. You've got all these young military personnel, most of which are not married. They're maybe away from the house for the first time in their life. And you tell them not to go somewhere. What do you think we did that night? We actually had several vehicles go to the Alaskan Bush Company. We all got lost. Anyway, the third thing that they discussed was that Arizona is a desert and that we water is going to be scarce. This was in 1987. They said you have to be careful. And then over the last Two days not having water. It really hit me was I lied to. Do we have any problem getting water in Phoenix, Arizona, or do we not? Because the amount of infrastructure, the roads, the country clubs, the houses, Arizona has boomed since 1987 to what is it now? 20, 25? Ish. It's insane. So if we didn't have water back then, if we had to turn the water off when we brush our teeth back then, what's it like now? But anyway, it just, you know, to. To let you know, not having water for two days makes me think this country, if we had a big enough snag, whether it was a power grid failure, whether it was a societal, you know, collapse, because people on both sides of the aisle fight too much and it tips, man. You know, I'll tell you what. Get out of the cities. Be, be prepared. You know, we. We've said the motto of our show is we want you prepared, not scared. We want you proactive, not reactive. I'll tell you what, you know, once in a while, things happen in your life that makes you really think, hey, you're on the right track. Make sure you're ready for whatever comes your way. Okay, so back to what's important in the financial world.
Anthony, you sent me an article, and I want to talk about it for a second because this is something that is growing legs. The article you sent me was. It's from the New York Post. Yesterday on the 19th. By the way, today is the 20th of March, as we record.
Says here, squatters took over a Phoenix home and sold it for $200,000 without the owners knowing. Feels so surreal. First question, how the heck did you find a house in Phoenix for $200,000? That's my first question.
[00:36:59] Speaker B: Well, when you're selling a home that doesn't belong to you and it's straight profit, makes sense to sell cheap.
[00:37:04] Speaker C: It does. And I saw the picture of the home. It's not exactly the most, you know, it's not a Paradise Valley home, but it's. Yeah, I mean, I did hear this morning that the average home price now is 450.
The 450,000 average that is in. In Arizona, which, Which makes sense. We've really skyrocketed. The thing that threw me on this article, they said that the biggest target are homes that are vacant and homes that are mortgage free.
So I, I guess having a mortgage makes it harder to, you know, get the title. What's it called? Title theft.
[00:37:42] Speaker B: Yeah, we've talked about that a few times on the show because I. We're talking about commercials, right? People are trying to sell you insurance for more.
[00:37:49] Speaker C: Yes, but that's, I mean, that's just crazy to me that you have to worry now that somebody could take the title to your home. I mean, you know, I know for the last 20 years identity theft has been an issue and people talk about it, but now I have to worry about title theft. So you work so hard to pay off your house and now you have to watch your back. What Sandy and I did was we. We have Xander. I'm not trying to. Sorry. Give you a free plug. Oh, yeah, Xander, we're looking. Dave Ramsey, spokesperson. We're looking for sponsors on another owning show. So we have Xander, you know, the ID theft insurance, and now they've added title insurance. So we get like a monthly email that says no. You know, no good. No news is good news. So, Anthony, did you read, did you read that article? Is there anything that stuck out to you or we need to talk about or.
[00:38:44] Speaker B: No, I was just. It. I don't know. It just happened in Arizona and it's something that people need to be worried about, I guess. Title theft, I mean, again, just like the Teslas could happen. Doesn't mean that it's going to. It's probably not a huge issue. It would just definitely suck to be on the other end of that. That's for sure.
[00:39:04] Speaker C: It would. And I know the thing with squatters, you know, for a couple years, people have talked about a little bit. Is it a prevalent problem? Absolutely not. You know, people in Sun City worry about it because if they're going to Canada, you know, if they're going to Minnesota, wherever they're going for the summer, their house is going to be vacant. The good news. Did you ever see the TV show Bewitched? I know that's a little before both of your time. There was a neighbor. I think her name was Mrs. Kravitz or something like that.
Yeah, yeah. The good thing is Sun City has some of those, like real, real life. So they. A lot of people here are very. If something's changed, they notice it. Which, and I'm not being funny, I mean, it's a wonderful thing. I mean, you know, I look at it like when we go to Snowflake, that the good news is now we have an adult child who stays here. We have dogs. I mean, I'm not worried about our house for squatters necessarily, but I, I can see the concern.
[00:39:53] Speaker B: You've got to live in one that you invited, so that's on you.
[00:39:56] Speaker C: I didn't invite him. He just hasn't left. So. So good. Sam. Sam's got a neighbor that is one of those people and tells you everything. That that is a good thing. I mean that's, that's pretty handy.
[00:40:07] Speaker B: I got one of those neighbors too. Well, I got good connections with the neighbors. But I think I don't even know if I've shared this on this on the radio show before. But we sat with someone, we had a referral that came in and asked us some questions, got along great. And then a few months later I moved and turns out one of the guys that we sat with in our office is lives up the street from me.
[00:40:30] Speaker C: I forgot about that. Yes, I knew about that.
[00:40:33] Speaker B: Super nice guy. Great guy. I don't see him as often as I used to, but maybe he's listening.
[00:40:38] Speaker C: Yeah, that'd be great.
[00:40:40] Speaker B: Not Alex though. I know Alex is listening.
[00:40:42] Speaker C: Alex. I love that Alex is listening to it.
So I did have and this is boy, today is nothing if it's not just switching gear after gear but you know, moving on from the squatting thing. So I did have somebody reach out to me and say that I brought up the FDIC a couple weeks ago and could I explain if there's other people listening that also want to know how you find the insurance amount? It's. It's fairly simple. You go to fdic.gov so go to fdic.gov and then put in the little search bar statistics at a glance and then you're going to find two PDFs I believe it's the bottom one is going to open a spreadsheet. It's very tiny print and you want to look in the lower left hand corner where it says dif which is depositor insurance fund. So that's how you find it. It's very easy after easier though.
[00:41:42] Speaker B: What's that reaching out to us team@AnotherMoney Show.com team T E A
[email protected] and we'll just send it to you or give us a call 623-523-0444. You can find it. Jared told you how to find it. Just email us, we'll send it to you.
[00:42:02] Speaker C: That is a good idea. And as long as you are making it easy for people to reach out to us, what if they want to hear all three years worth of another money show? Is that possible?
[00:42:15] Speaker B: Yeah. That can also be found on our website anothermoneyshow.com or wherever you like. Subscribe to podcasts, all that fun stuff Spotify, Apple Music, Amazon Music, Music, music. I don't know. There's other stuff out there, but we're easy to find. Another money show. Listen to old episodes of us.
[00:42:33] Speaker C: I think even our radio parent company, Salem, has their own podcast channel now. I need to look into that. I know that I just found out the Salem News Channel exists on the TV that I have. It's. I believe it's channel 1177.
Very exciting. So let's switch gears back to financial stuff for a few minutes. I really, you know, not having articles, I feel like a child. I'm lost. My outline is not there for me today, so I'm kind of winging it. But I want to talk about something. With all the market volatility going on, listening to Anthony's rant last week, which, by the way, made me so happy that you were passionate about it. It's funny because being in the job for almost 30 years, I've seen a lot. You really haven't. The last seven years, you haven't seen anything. Even during the COVID thing, the market went down for one month and it was okay. The answer to this stuff, you gave it to people.
If your portfolio is down 5, 6, 7, 8%, this is not for you.
One way around that. Be diversified. We are a huge thing about your finances, moderation and diversification. I mean, if you're a crypto person, have at it. Just don't go too heavy. I did read some crypto news this morning. Apparently Kraken is buying ninja. So if that means something to you, I guess it's a big, huge, multi billion dollar deal. So Kraken is buying ninja. Make sure you look that up. Today's the first day of spring. Can I bounce around one more time? Let's get back to diversification. Moderation. So if the stock market is giving you the jitters, it could still be appropriate for you in moderation when you diversify. You know, part of what we do, we like to. We really dig into where you've been, where you are, where you're going. We do a full financial needs analysis. We have pie charts. We have all these things we can do for you. The biggest thing is we sit and talk to you and we kind of help you figure out your risk tolerance. I brought up last week that when things are going up, you're an 8 to a 10. When things are going down, you become a 2 or 3. That is human and it's okay. But part of diversification, what if your entire life you've been taught things that you're only getting part of the story. If you've listened to Dave Ramsey, Ken Fisher, Susie Orman, some of the people that aren't even financial advisors, you know, Susie Orman, she's got videos and books and discs and all this stuff. Dave Ramsey, he's got Financial Peace University. He's got a university, he's got books, plenty of books out. He's not a financial advisor, he's an entertainer, he's an author, he's a lot of things. So they, they've taught you to do your 401k. They, you know, you want to lower your taxes, do your 401k. We would tell you do the match. You know, if, if you can put in 5% and they match it and then they stop matching at 5%, do the 5%. Then let us educate you on, on doing the other money you would do into a Roth IRA so the money comes out later tax free. As long as you've had it five years and you're 59 and a half, we can explain those things to you. If you're a high income earner, we can explain to you what a SEP is. We can explain to you a backdoor Roth, a Roth conversion, all that stuff. The big gorilla in the room in our industry. It's gotten, it's really, really, it's hard to even address this, the word annuity. And I think about it because the last couple weeks, with the volatility ramping up, maybe you should have a percentage of your money in etf, stocks, bonds, mutual funds, whatever. Maybe you should also educate yourself or come to somebody like us who's going to give you education. You know, during the COVID days, Anthony wrote a blog on annuities and it will send it to you. No cost, no obligation. You don't have to be one of the next 10 callers. We'll send it to you. Even if you're caller number 11, no minimums. If you have $5,000, we will treat you the same way as if you have 5 million. So we, we want to give you a little bit of a refresher on annuities101 today because it may benefit you. We don't think the volatility is over. I still think we're going to get a major correction. I think it's coming up sooner than later. I don't know if a crystal ball, so I'm not sure when, but I think that these signs are there and I think the tariffs in April, I think a lot's coming up that could further the volatility.
So I'm going to give you a Little Annuities 101 and I want do one thing, research a little bit or like Anthony always says, let us give you enough information to get you started on your journey. There's a couple different food groups with annuities. The main one, we think there are good annuities and bad annuities. The bad annuities, which I'm going to point out to you and then we're not going to spend any time on it. If you hear the word variable annuity, that means securities, that means like mutual funds in an annuity, it's stocks and bonds in an annuity. The problem with variable annuities, they're complex, they're risky, you shoulder the risk and the fees are generally higher than I would like to see. Anthony and I spent a little time when Anthony was new in the industry looking for a variable annuity that we would personally own. Guess what? We do not own a variable annuity. And you know, 25 years ago I sold a ton of variable annuities. I had since rectified that situation and I had educated people on fixed annuities. So we're not a fan of variable. We like fixed. There's three main types of fixed annuities, one we talk about fairly often on here. It's called a myga. It's a multi year guaranteed annuity. I think of it as a CD alternative. If you want to go one year, if you want to go two years, three years, five years, 10 years, 20 years, we give you the interest rate just like a cd, you say I want to go for one year. We have a company right now. And by the way, I to quote a rate, I have to tell you it's Good Today on March 20, you need to call and see what the rates are. You know, I'm careful with this. We don't want to give any specific recommendations or rates because they're subject to change. As of today, We've got a one year CD alternative. This MYGA pays 4.25%. Let me give you a little idea why I like people to know about these. Your bank, if you went to fdic.gov and you looked up statistics at a glance and then you looked up dif you, you have 1.2% coverage on your money and that's money under $250,000 per account. The annuity companies, the insurance version of the CD has to keep reserves. You're 100% guaranteed on your money up to $250,000, kind of like the FDIC. It's also annuity companies, insurance companies are state licensed where the federal is federal. So each state has to keep guarantees or they cannot offer that myga. So that's an alternative to a cd. Then there's income products. There's one called a spia, which means single premium immediate annuity. So think you have a lump sum and you're getting ready to retire or you're in retirement and you're like, well, I don't want to put it in the stock market. It's too risky. And I don't want to put in the bank because the rates are not that great. And I'm a little bit worried that banks could go south. You know, we still have to deal with commercial real estate. You know, that, that, that's still coming up. We have to deal with tariffs and all this. So, you know, with the Spia, you're 100% guaranteed. You can reverse engineer it and say, I have this pot of money. How much will you give me per month if I put it with you for 10 years? Or you can go the other way and say, I have this pot of money. You know, I want to make sure I never outlive my money. And we give you the rates. You probably need to sit with somebody like us who's fully independent. You know, we are licensed with big, huge companies, I. E. Nationwide. And you know, I just, I don't want to name drop these big companies, but we're fully independent, so make sure somebody can shop rates for you. The, the. So that's the income focus. The third focus is kind of like a mixture of both. You, you give an insurance company some money and you might want income in a year, you might want it after 30 days, you might not want it for a few years. This part is called an fia, a fixed index annuity. And I want to read something that we got about a week ago in an email from our friend Shannon.
It's a great analogy on how to look at a fixed index annuity. Says here, another way to look at a fixed index annuity would be to walk into a Las Vegas casino and see two blackjack tables. Table 1 is your normal blackjack game where you place your bet. And if you win, you get a hundred percent of your money from the casino. But if you lose, they take 100% of your money. Right? Normal. Because you, you win or you lose. They have beautiful buildings, so probably you lose more than you win. Table 2 is called fixed index blackjack. The only difference is if you win, you get 60 to 70% of your bet. But if you lose, the casino does not take your money. Which one would you rather play? I know that's a kind of a silly analogy, but if you look at the fixed annuities the last few years, these fixed index annuities, the returns are amazingly good. Does that mean they will be in the future? I don't know. I can tell you right now, we can always tell you how they do looking back, not forward, but they, they give you upside return with no downside risk. The reason I really wanted to bring this up today, as the volatility grows, you need to understand you're not stuck just being in a bank or just being in a stock or a bond. You know, you can diversify. And if your entire life you were told that annuities are bad, you don't know the whole story. And we want to make sure we give you enough information to get enough education to know that you can be diversified and not be nervous or scared with the volatility. So I, boy, I really had to condense. I know it is a huge subject, but I tried to condense it there.
And Anthony, if you want, we can do a little more on that next week along with bringing back the articles. We'll be back on track next week for normal.
[00:53:25] Speaker B: Show that we weren't supposed to be sales pitches. Show.
Just kidding.
[00:53:31] Speaker C: I know, I know.
[00:53:32] Speaker B: You gotta ask questions about it. We get asked questions about it. I get even. Our clients that use have fixed index annuities still have questions about it. It's. I get that it's complex.
Oh, it's not that complex. It just takes time to fully understand. But if you're somebody who likes to earn money and not lose money, it's not bad to look at for your portfolio. Especially now when rates are high. That's the key is having high rates. We had 15 years of no rates. You know, we're seeing double digit returns on some of our statements from the last year because obviously the market's gone up. How long will it keep going up? We don't know. But to be able to make double digit returns safely, this is a first for me because definitely it came into this market seven years ago.
Interest rates were nothing. You know, returns weren't good, but they were better than the banks. But now is pre premium time. But anyways, that's it for today's show. If you like what you heard, you have questions about any topics today or you want to sit down with us to review your personal situation and we can tell you all about annuities. You know, fixed annuities. Not variable. Not for us.
Reach out to us team@AnotherMoney Show.com find us on the web AnotherMoneyShow.com you can book appointments straight from there. There's a little contact button. Listen to old episodes. We're on YouTube as well. Remember, there's no minimums. There's no cost for appointments. There's nothing to lose by getting a second opinion on your financial situation. We'll see you again next Saturday right here on 960 the Patriot 5am and at noon Saturdays.
[00:55:06] Speaker A: 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 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.
Fixed annuities, including multi year guaranteed rate annuities, are not designed for short term investments and may be subject to restrictions, fees and surrender charges as described in the annuity contract. Guarantees are backed by the financial strength and claims paying ability of the issuer.
