12/27/24 Behind the Jokes: Anthony Jauregui Talks Open Mics and Comedy Life

The Moneywise Radio Show and Podcast Friday, December 27th BE MONEYWISE. Moneywise Wealth Management I "The Moneywise Guys" podcast call: 661-847-1000 text in anytime: 661-396-1000 website: www. MoneywiseGuys.com facebook: Moneywise_Wealth_Management instagram: MoneywiseWealthManagement Guest: Anthony Jauregui, Comedian and Host of, "The Pre Game Show" at The Well Comedy Club website: www.thewellcomedyclub.com/ Instagram: @thewellcomedyclub @bamphony

• 0:00Speaker 00

  From the padded radio room off Stockdale Highway, here is Money Wise. Call or text in at 661-396-1000.

• 0:09Speaker 01

  I need a dollar, dollar, dollar, that's what I need. Hey, hey. Well, I need a dollar, dollar, dollar, that's what I need. Hey, hey. Said I need a dollar, dollar, dollar, that's what I need. And if I share with you my story, would you share your dollar with me?

• 0:30Speaker 02

  Securities offered through S E F Securities, Inc., member FINRA SIPC. Investment advisory services offered through S E F Investment Advisors, Inc. S E F Securities, Inc. and Money Wise Wealth Management are independently owned and operated.

• 0:40Speaker 00

  Now, let's start the Money Wise Show.

• 0:43Speaker 03

  Welcome, welcome, welcome to the second to last, the penultimate.

• 0:51Speaker 03

  How many times can you use the word penultimate in a sentence?

• 0:53Speaker 04

  I don't even know what that means.

• 0:54Speaker 00

  One.

• 0:55Speaker 03

  The penultimate show of the year 2024. That's hard to think.

• 1:02Speaker 04

  Hey, I'm honored to be on this show if it's the last show of 2024.

• 1:05Speaker 03

  Second to last show of 2024? Last Friday. The last Fri- we're the ultimate Friday. The last Friday.

• 1:12Speaker 04

  Last Friday, I gave you my heart.

• 1:16Speaker 03

  Please don't. Oh, my goodness. No, so it's the last, it's the second to last show of the year 2024. It's a Friday. Uh, we do have one more live show on Monday, uh, the 30th. But we will have basically some, uh, what, reruns? If you will, some best of shows lined up for, lined up. Yeah, we're the second to last live show.

• 1:40Speaker 04

  Okay.

• 1:42Speaker 03

  Hopefully, the markets are better on the last show of the year, but, uh, today, not so much.

• 1:48Speaker 04

  It's all good.

• 1:49Speaker 03

  Markets down today. Dow was down about seven tenths of a percent. Uh, NASDAQ down almost 1% I believe.

• 1:56Speaker 04

  One and a half.

• 1:57Speaker 03

  One and a half percent. NASDAQ was down.

• 2:00Speaker 04

  One and 11.

• 2:01Speaker 03

  Yeah.

• 2:02Speaker 04

  VIX is high and VIX is in the green, you know, and VIX is in the green, there's a lot of volatility.

• 2:06Speaker 03

  Yes, it is.

• 2:08Speaker 04

  Yeah. Any major catalyst out there or is this, is this just a market?

• 2:11Speaker 03

  I don't know if it's.

• 2:12Speaker 04

  Reaction.

• 2:12Speaker 03

  I think.

• 2:13Speaker 04

  A natural reaction.

• 2:14Speaker 03

  Partially a little bit of window dressing, as Gero would say.

• 2:16Speaker 04

  Okay.

• 2:17Speaker 03

  Mutual fund companies trying to.

• 2:19Speaker 04

  Sell off some.

• 2:19Speaker 03

  Sell off some things, buy up some other things, make their, make their end of year look good.

• 2:25Speaker 04

  Yeah.

• 2:25Speaker 03

  Hey, look at all the things we held, even though we didn't hold it all year long, but hey, we held Nvidia. No, you didn't.

• 2:30Speaker 04

  What they call it dividend distribution day?

• 2:32Speaker 03

  Well, yeah, cap gains day.

• 2:34Speaker 04

  Cap gains distribution, yeah, a lot of distribution.

• 2:37Speaker 03

  Lot of movement in the market the last couple of days of the year. So that's what's happening right now.

• 2:41Speaker 04

  Yeah.

• 2:41Speaker 03

  So a little bit of down market today. Uh, hopefully we have a bounce back on Monday, but who knows? Maybe we, maybe we end the year on a positive note. I will say that at the beginning of the year, there was a lot of talk about people thinking that the, the S and P was going to hit 6,000 and was going to end the year at 6,000.

• 3:01Speaker 03

  Well, we're at 59, what was it? 5972? On this, on the S and P.

• 3:07Speaker 04

  Okay.

• 3:09Speaker 03

  Fifty nine, 5971 is where we ended today. 5971. So if we have a good day on, uh, Monday, we could potentially be over 6,000 for the end of the year.

• 3:21Speaker 04

  Yeah. So, so the market is open all day Monday and then.

• 3:24Speaker 03

  Uh, yes, and then.

• 3:25Speaker 04

  And then New Year's Eve half.

• 3:26Speaker 03

  New Year's Eve is a half day, I believe.

• 3:28Speaker 04

  Okay.

• 3:28Speaker 03

  So there's, there's technically two more days of, of trading left, uh, for the year. Uh, so over those next two, two days, maybe, maybe we get the S and, but, uh, what was my, I, I, we did projections, we did, uh, Steven, you're going to have to look at that over the, over the break and see what we all called as our, uh, prediction. Cause we always do that prediction show in January, right? Where do you think the S and P is going to end? I think Gero, I think Gero was right on. I think he said 6,000.

• 3:58Speaker 04

  Yeah. And then the rest he said would be even. Even, oh, it flat.

• 4:03Speaker 03

  He said just even flat. Even.

• 4:06Speaker 04

  He, he takes the easy route.

• 4:07Speaker 03

  He takes the, but he said the S and P was going to be 6,000, I believe.

• 4:10Speaker 04

  Check.

• 4:10Speaker 03

  I think he did.

• 4:11Speaker 04

  I believe he says that every year.

• 4:13Speaker 03

  Well, yeah.

• 4:14Speaker 04

  Like he says, the Dodgers and Yankees every year.

• 4:16Speaker 03

  Yeah. Well, he had to be right once, once in a while.

• 4:18Speaker 04

  Somebody's optimistic.

• 4:21Speaker 04

  Somebody over here saying flat and that's pessimistic right there.

• 4:23Speaker 03

  And I believe I came in saying it was going to be like somewhere on the order of 5,800. You'll have to look it up over the break, but I want to, I'd like to see exactly how close we were.

• 4:32Speaker 04

  Yeah.

• 4:33Speaker 03

  You know, for, for our, our guestimates uh for the end of the year. So um.

• 4:38Speaker 04

  What is the S and P up this year in total, like percentage wise?

• 4:41Speaker 03

  Oh geez, I'm gonna have to look that up too. You're making me work.

• 4:44Speaker 04

  Yeah, like twenty eighteen percent or something like that?

• 4:46Speaker 03

  Yeah, I think it's a, I think the S and P is up somewhere on the order of sixteen or seventeen percent for the year.

• 4:51Speaker 04

  That's not bad at all.

• 4:52Speaker 03

  Not bad at all. It's a pretty, pretty good year.

• 4:55Speaker 04

  It should be a good year for those sixty forty portfolios.

• 4:58Speaker 03

  Cute, yep.

• 5:00Speaker 04

  Yeah.

• 5:01Speaker 03

  So, but yeah, that's kind of, uh, kind of where we're ending the year is that, uh, basically stocks across the board were very, very strong this year.

• 5:09Speaker 04

  Yeah, uh, well, carried by what? The heavy seven? The heavy hitting seven?

• 5:14Speaker 03

  The, the magnificent seven.

• 5:15Speaker 04

  Yeah. We'll see what other, cause like the, the, the big theme in um twenty twenty-three was Nvidia.

• 5:23Speaker 03

  Yeah.

• 5:23Speaker 04

  Had that big run up and then I think this year was super micro, super micro computers. It's just S M C I like.

• 5:28Speaker 03

  Yeah.

• 5:29Speaker 04

  And then, yeah, so that's.

• 5:31Speaker 03

  Nvidia was still on a, a huge upswing this year too, until, until they got named as being a, a component of the Dow. And then they took a dump after that.

• 5:40Speaker 04

  Yeah.

• 5:41Speaker 03

  Uh, what Nvidia, I think was down something like fifteen or twenty percent since it's joined the Dow. It's, you know, again, profit taking type of thing. There's nothing wrong necessarily with Nvidia. There we go.

• 6:02Speaker 04

  Talking about taking the dump, what about that Chicago Seattle game last night? It was like a trash can, it was a trash can fire, bro.

• 6:11Speaker 03

  Oh my gosh.

• 6:13Speaker 04

  Six to three, man.

• 6:14Speaker 03

  Six to three. It was the toilet bowl brought to you by Charmin.

• 6:19Speaker 04

  Lowest scoring game this season?

• 6:21Speaker 03

  Yeah.

• 6:22Speaker 04

  By far?

• 6:23Speaker 03

  Yeah.

• 6:23Speaker 04

  Hey, I bet all those people who bet the under was like.

• 6:25Speaker 03

  There was a, I think there was a guy on FanDuel or something and, and did a parlay bet of no touchdowns.

• 6:33Speaker 03

  He bet no touchdowns scored in the game and he bet like 300 bucks. He walks away. He walked away with like 20 something thousand dollars.

• 6:39Speaker 00

  Oh nice. Merry Christmas.

• 6:40Speaker 03

  Right?

• 6:41Speaker 04

  Oh yeah. Yeah. He won. It was only field goals last night.

• 6:43Speaker 03

  It was only, it was no touchdowns scored. So he, it was a six to three game. No touchdowns scored. He bet like 150, I can't remember exactly what it was, but it was like couple hundred bucks on no touchdowns to be scored.

• 6:55Speaker 00

  That was a, that was a good pick.

• 6:56Speaker 03

  He nailed it. He nailed it.

• 6:58Speaker 00

  It was like, uh, if you're going to talk about who's taking a dump, it would probably have to throw in the NBA as well. As the NFL came in and just smacked him around on Christmas.

• 7:07Speaker 04

  Uh, and Netflix, huh?

• 7:08Speaker 00

  Yeah. And LeBron wasn't happy about it. I, I saw his post game. He's like, I love the NFL, but come on, man. Christmas is our, our day.

• 7:15Speaker 03

  No, it ain't.

• 7:16Speaker 04

  No, disagree.

• 7:16Speaker 00

  Not anymore.

• 7:17Speaker 03

  Not anymore.

• 7:18Speaker 04

  Oh, I mean, who had the biggest viewership NFL?

• 7:20Speaker 00

  Oh, they killed it.

• 7:21Speaker 03

  Yeah.

• 7:21Speaker 04

  NFL crushed it.

• 7:22Speaker 03

  I think the NFL crushed it like four to one.

• 7:24Speaker 00

  Yeah, they killed him.

• 7:25Speaker 04

  So whatever LeBron.

• 7:26Speaker 03

  Yeah.

• 7:27Speaker 00

  It was like triple the amount. It was, it was pretty sad.

• 7:29Speaker 03

  At this point in time, I'd rather watch the WNBA than the Lakers.

• 7:33Speaker 04

  Come on, don't talk about my, hey, we had a good win last night, man. We get to go to the state.

• 7:37Speaker 00

  Warriors. Yeah, that was a good game.

• 7:39Speaker 04

  Good game.

• 7:39Speaker 03

  Hey, you know what?

• 7:40Speaker 04

  Stephen Curry crazy, but had me nervous.

• 7:42Speaker 03

  I gotta take that back. One of the Christmas gifts I got for, uh, Connor, he's always wanted to go to a Laker game. So I got him tickets. We're going to go watch.

• 7:50Speaker 00

  Oh, nice.

• 7:50Speaker 03

  On the 11th when the Spurs are in town.

• 7:52Speaker 00

  Right on.

• 7:52Speaker 03

  So we're going down to crypto.

• 7:53Speaker 00

  See Wemby then.

• 7:54Speaker 03

  Yeah, we'll see Wemby. We'll watch, uh, we'll watch the Lakers lose because that's probably going to happen.

• 7:59Speaker 00

  That should be a hell of a game though.

• 8:00Speaker 03

  It should be a good game.

• 8:01Speaker 00

  Hopefully LeBron will be playing by then, but.

• 8:03Speaker 03

  He'll probably be retired and they'll give him his rocking chair by then.

• 8:06Speaker 00

  A couple of days on and then a couple of days off. It's, it's kind of like.

• 8:09Speaker 03

  Maybe they call up Bronny?

• 8:11Speaker 00

  Yeah.

• 8:12Speaker 03

  I don't know.

• 8:12Speaker 00

  I mean, he, he played last week.

• 8:14Speaker 03

  Yeah.

• 8:14Speaker 00

  They called him up. I believe he, SportsCenter was trashing him because he airballed a layup.

• 8:22Speaker 00

  But.

• 8:22Speaker 04

  Did he really do that?

• 8:23Speaker 00

  Yeah, he did.

• 8:24Speaker 04

  Oh man.

• 8:26Speaker 03

  NBA quality. That's a second. That's a second, uh, second round pick right there.

• 8:32Speaker 04

  Speaking of sports, man, what do you guys think about the, uh, 12 game playoff so far? I think the first round was just a blowout. You know, the first round of the playoffs.

• 8:40Speaker 00

  So fast. Yeah.

• 8:41Speaker 03

  But you know what? Isn't that kind of the sometimes the same way it is in the, and the NFL?

• 8:47Speaker 04

  No, not really.

• 8:48Speaker 03

  The wild card. Sometimes the wild cards are not as close as they should. Yeah.

• 8:52Speaker 04

  Yeah. Uh, well, uh, sometimes those underdogs, that's how you know, creep, creep in it and make that run.

• 8:58Speaker 00

  Well, everyone that was expected to win, won, right?

• 9:01Speaker 03

  Yeah.

• 9:01Speaker 04

  Yep.

• 9:02Speaker 00

  So, I mean, hopefully the, the next couple of games will be better. Who do you think is going to win the championship though?

• 9:07Speaker 04

  Um, I'm gonna go Ohio State, man. I think Ohio State gonna take it all the way.

• 9:11Speaker 03

  Hmm.

• 9:12Speaker 04

  We got, it's, it's, we got Texas.

• 9:14Speaker 03

  Notre Dame still in it?

• 9:15Speaker 00

  I know Notre Dame is favored.

• 9:16Speaker 03

  No, Notre Dame still in it. I'm calling Notre Dame.

• 9:19Speaker 04

  Notre Dame is going against Georgia, so they're not gonna win that game.

• 9:22Speaker 00

  I hope not.

• 9:24Speaker 04

  Georgia's gonna smash Notre Dame. Um, Oregon over Ohio State. I think Ohio State, Oregon is not gonna be Ohio State twice in a row. They're gonna beat them once this year. And then you got Texas and Arizona State, the, uh, the Cowboy hat game. You got Texans versus Arizona State. I think Texas is gonna.

• 9:41Speaker 03

  That's the Tobacco Bowl brought to you by Skull?

• 9:44Speaker 04

  Yeah.

• 9:45Speaker 03

  Copenhagen?

• 9:47Speaker 04

  And then you got the Penn State versus Boise State game. That's gonna be a tough one. Yeah.

• 9:53Speaker 03

  Ooh.

• 9:54Speaker 04

  I think Boise State might upset Penn State, honestly.

• 9:56Speaker 00

  I'll go Georgia.

• 9:58Speaker 03

  You think Georgia will take it all?

• 9:59Speaker 00

  I don't think so, but I have to go with Georgia.

• 10:02Speaker 03

  You know, I, I honestly think that, uh, the winner of that Notre Dame, Georgia game is probably gonna be the one that takes it all.

• 10:11Speaker 00

  Really?

• 10:12Speaker 03

  Cause those two teams are very strong and I think that honestly, if, if, if Notre Dame pulls it out, I think they win the national championship.

• 10:21Speaker 04

  You said Oregon?

• 10:22Speaker 03

  No, I'm saying Notre Dame against, uh, uh, Georgia.

• 10:26Speaker 04

  Oh, I don't know.

• 10:27Speaker 03

  I think the winner of that game.

• 10:30Speaker 04

  Yeah, it's going to the.

• 10:31Speaker 03

  I think, I think the winner of that game winds up taking the national championship.

• 10:34Speaker 04

  I think I'm, I'm gonna pull for Georgia, uh, Ohio State. I think Ohio State gonna take it all away.

• 10:39Speaker 03

  There's a lot of people in Michigan.

• 10:40Speaker 04

  Or Oregon, either, either or. The winner of Ohio State, Oregon game, whoever wins that game taking the national championship.

• 10:46Speaker 03

  Alright, okay. You heard it.

• 10:48Speaker 04

  You heard it, right?

• 10:49Speaker 03

  Steven, he's, he's got it. He's got it figured out.

• 10:52Speaker 04

  Yeah. He said Notre Dame, Georgia. I said Ohio State, Oregon, so.

• 10:56Speaker 03

  One of us is gonna lose and it's gonna be Texas is gonna win it all and we're gonna be like, what the hell happened?

• 11:01Speaker 04

  Or Boise State.

• 11:01Speaker 03

  Boise State, the blue, in the blue field takes it all.

• 11:04Speaker 04

  Oh, man.

• 11:05Speaker 03

  Oh, I don't know.

• 11:06Speaker 04

  Yeah.

• 11:06Speaker 03

  So, um, hey, we got a couple of, of messages in, uh, the, the chat here. Uh, first one here says, how hard is it to refinance a student loan and do any of our local banks do right refinancing on student loans?

• 11:22Speaker 03

  That is a better question for the actual banks themselves of whether or not they will do that. What I will say is.

• 11:28Speaker 04

  They're normally low already though.

• 11:29Speaker 03

  The, the, the rates on those are typically relatively low anyways. And the second thing is you have to, you have to understand the difference between what is a subsidized loan and an unsubsidized loan.

• 11:39Speaker 04

  Yeah.

• 11:40Speaker 03

  Right? So the subsidized loans are gonna be more difficult to get refinanced anywhere and you're not gonna wanna do that cause you're already got a subsidized interest rate.

• 11:49Speaker 04

  You know, it's the first.

• 11:50Speaker 03

  And it's, you know, that kind of a thing. The unsubsidized portion you can refinance, but again, those interest rates are dictated really by Congress and they're at seven and a half or eight percent, which is a normal rate for any loan right about now. So are you gonna get anywhere where you're gonna be able to refinance that loan and get a lower interest rate? Probably not, right? But just understand that yes, you can refinance. Um, it does happen, uh, typically in times when the interest rates are lower, you might be able to do that. Um, but you also have to understand the difference between what is a subsidized and an unsubsidized loan.

• 12:28Speaker 04

  And just an unsubsidized loans, whenever you get one of those and you're in college, you have to, unsubsidized aren't deferred. You have to pay that right away.

• 12:35Speaker 03

  Yeah, there's no forbearance or anything like that. You're gonna.

• 12:37Speaker 04

  Right when you get the loan.

• 12:38Speaker 03

  You'll be paying basically right away.

• 12:39Speaker 04

  Right away. And subsidized you don't. You pay it till you, when you graduate.

• 12:42Speaker 03

  Right. And.

• 12:45Speaker 03

  Those subsidized loans, if you are out of work or whatever, they can do certain means testing to pay back those loans at different rates based upon your income in many cases. So there's all sorts of different caveats when it comes to student loans. You know, talk to a loan officer or somebody who's an expert in FAFSA and those types of things. I would highly recommend calling Kat Klaus over at March Consulting. She's forgotten more about student loans than I probably will ever know. But yeah, the difference between subsidized and unsubsidized loans are being a part of that. Second message we got was, Troy, you got that?

• 13:23Speaker 04

  Says, how are the tax brackets changing in California next year? Are the big tax changes coming in 26? They report it so bad, I'm not even sure which year it is which will change. Merry Christmas.

• 13:34Speaker 03

  So I don't believe that there's really any major changes to the brackets themselves in California. You have to remember that California kind of has the same similar kind of a situation as the federal government with the income taxes. Now, there's far more brackets. Okay, so on the federal level, I believe there's six brackets, if I remember right, maybe seven.

• 13:56Speaker 04

  Yeah.

• 13:57Speaker 03

  In California, there's nine separate brackets. Okay? All the way from 1% all the way up to like 12.3%.

• 14:06Speaker 04

  Really?

• 14:07Speaker 03

  Yeah, there's, it's brackets are pretty high for California. In fact, I'm looking at it right now. The lowest tax rate is 1%. The top bracket is 12.3%. But you don't hit that bracket until you're making more than $1.4 million a year as a married filing jointly.

• 14:27Speaker 04

  And then too, there's an effective tax rate on all, both California, I mean, and federal.

• 14:32Speaker 03

  Right. So this is something that typically gets misunderstood is that.

• 14:39Speaker 03

  Well, let me ask you the question, Troy.

• 14:41Speaker 04

  Go ahead.

• 14:42Speaker 03

  So I'm gonna ask you this question. Forget that you know that there's a tax bracket, but so if Troy, if I, if I think you're, you know, we're gonna hire you, we're gonna pay you $99,999 to be a money wise guy.

• 14:57Speaker 04

  Yeah.

• 14:58Speaker 03

  And let's just say hypothetically, the tax bracket for that $99,999 is 10%.

• 15:04Speaker 04

  Okay.

• 15:05Speaker 03

  Okay. But you come in for your annual review and you've done such a fantastic job. I'm feeling super magnanimous. I'm gonna give you a $1 raise and make it a cool $100,000.

• 15:14Speaker 04

  It's gonna be in the 15%.

• 15:15Speaker 03

  But I'm gonna bump you, that tax bracket goes from 10% to 50%. Do you want to get paid that dollar?

• 15:20Speaker 04

  Yes, because only you're gonna be 50% of that dollar.

• 15:23Speaker 03

  Bingo.

• 15:24Speaker 04

  Yeah.

• 15:25Speaker 03

  This is the part that most people don't understand. When you, when you think of tax brackets, they think, oh, I don't want to make any more money because I'm gonna be put into a higher tax bracket. Well, you're only taxed at that higher tax bracket for the dollars that belong in that bracket.

• 15:40Speaker 04

  Yes.

• 15:41Speaker 03

  All of the prior brackets still remain the same.

• 15:43Speaker 04

  Yep.

• 15:44Speaker 03

  So you always want to make that extra dollar.

• 15:46Speaker 04

  Yep.

• 15:46Speaker 03

  Always. So.

• 15:48Speaker 04

  Who says no to more money?

• 15:49Speaker 03

  Bingo, right? So please understand that when we talk about tax brackets. So in California, there are nine tax brackets from 1% all the way up to 12.3%. Those brackets are gonna stay the same.

• 16:02Speaker 04

  Yeah.

• 16:02Speaker 03

  What's going to change is the income levels at which those brackets come into play.

• 16:08Speaker 04

  Okay.

• 16:09Speaker 03

  Right?

• 16:09Speaker 04

  So it's gonna be more of a shorter instead of a wider?

• 16:12Speaker 03

  Well, it's just, it just shifts, right? So in, in most cases, and in California winds up being the same. So whatever the CPI is, when we're talking inflation, they're gonna do an adjustment to the brackets.

• 16:23Speaker 04

  Yeah.

• 16:24Speaker 03

  So that the adjustment affects those brackets. So the income that you're making right now, if you get a raise and it's in accordance with a COLA adjustment, it's not gonna throw you into a new tax bracket. You're gonna stay within that relatively in that same tax bracket because the COLA adjustment has also affected the tax brackets.

• 16:40Speaker 04

  COLA stands for cost of living adjustment.

• 16:42Speaker 03

  The cost of living adjustment, right?

• 16:43Speaker 04

  Yeah.

• 16:44Speaker 03

  So that's, that's really the main change. What we're also thinking is that the Tax Cuts and Jobs Act of 2017. Those tax cuts that Trump enacted in 2017 sunset at the end in October of 2025. Okay.

• 17:04Speaker 04

  So it's going back up.

• 17:05Speaker 03

  Those tax brackets, the federal side may go back to where they were pre 2017. Now, obviously, Trump is in office again, soon to be in office again. You also have the Senate and the House being run by Republicans.

• 17:22Speaker 04

  And you got Elon Musk.

• 17:24Speaker 03

  And you got Elon Musk and Vivek and those guys.

• 17:28Speaker 03

  The chances that the Tax Cuts and Jobs Act of 2017 goes without being reenacted. We'll see what it looks like as we get closer to October, but I do believe that the the political will is there to to to extend those or even make those tax cuts permanent.

• 17:46Speaker 04

  Okay.

• 17:47Speaker 03

  So there's there's some of that. There's some of that. So I mean, there is a possibility you can have some Republicans that shave off and go to the other side.

• 17:57Speaker 03

  Who knows what's going to happen? Anybody that wants to, you know, have a crystal ball and try to tell what politics is going to do in the next nine months. You're a better person than me. You know, I have no idea what's going to happen. But that's kind of what the the lay of the land right now is that taxes are going to change potentially in October if the Tax Cuts and Jobs Act does not get reenacted. So other than hopefully that answers that question, but really, we don't see anything major changes in the California state piece as far as the brackets are concerned. But what will change is that cost of living and the brackets, the income at which those brackets take effect might change slightly, but not not something that's going to be

• 18:40Speaker 03

  really super appreciable. So with that, we are going to take a break. We went a little bit long in this first segment. We were talking football and all sorts of fun stuff. But we're going to be coming right back.

• 18:51Speaker 00

  Money Wise Wealth Management is the only locally owned independent firm that uses a comprehensive wealth, tax, and estate approach, working closely with a highly trusted CPA and attorney. For information on how Money Wise can help you invest and plan for your future, call 661-847-1000.

• 19:26Speaker 03

  Welcome back.

• 19:29Speaker 04

  I had to stand up for a little bit. I was gonna do this segment while I hear standing up.

• 19:33Speaker 03

  That was Merle Haggard.

• 19:34Speaker 04

  That was Slipknot. You're both right.

• 19:41Speaker 03

  Welcome back. Hey, there's some, uh...

• 19:46Speaker 04

  I got a fortune cookie here.

• 19:47Speaker 03

  You got a fortune cookie?

• 19:48Speaker 04

  Yes, sir.

• 19:48Speaker 03

  What we got? What's the, what's the fortune?

• 19:50Speaker 04

  I'll see you out here.

• 19:53Speaker 04

  This is gonna be a Bullish or Bears fortune. It says... "It is wise." Wow.

• 19:59Speaker 03

  It is wise.

• 20:00Speaker 04

  "It is wise to follow your first choice."

• 20:02Speaker 03

  Hmm.

• 20:03Speaker 04

  Thank you, Panda Express.

• 20:08Speaker 03

  Hey, so, there's a couple of things, being that it's the end of the year, we're basically in the final, the final stretch of 2024. Uh, can I get an amen on that?

• 20:18Speaker 04

  Hallelujah.

• 20:19Speaker 03

  Hallelujah, 2024 is in the rearview mirror.

• 20:23Speaker 04

  I smell the gumbo already.

• 20:24Speaker 03

  I smell, yes, the black eyed peas.

• 20:27Speaker 04

  Oh, look at you, man.

• 20:28Speaker 03

  Yeah, get some of that going on, uh, New Year's Eve. Um, anyhow, uh, there's a couple of things that, on a financial level, that we want to make sure that we take care of as we approach the end of the year. Now, some of these things are things that you need to pre-plan and, and look at it. So, what I'm gonna say is, you know, take these to heart and look at 2025, and if there's room in your budget to be able to do these types of things so that you can plan for that end of year, do it now. First and foremost is, to the extent possible, you want to max out your retirement contributions, whether it be to a 401K or to an IRA.

• 21:13Speaker 04

  Mm-hmm.

• 21:14Speaker 03

  If, if your final pay stub is on December 31st, you have until, you know, Tuesday.

• 21:22Speaker 03

  To maybe make that contribution if you can. Talk to your HR person. See if you can't increase your 401k contributions for that final check of the year. Otherwise, look at next year. The maximum amount in the 401k would be 23,500. If you're under the age of 50. If you're over the age of 50, you can add another $7,500 to that. If you're between the ages of 60 and 63, I don't, don't ask me why. They just picked those three numbers that you can put an additional, say 4,000 into each, right? So, I mean, there's, there's a lot of different ways in which you can max out your tax-deferred retirement plans. Okay.

• 22:03Speaker 03

  The next thing, if you have a taxable account, say a trust or a brokerage account, an individual account, a Robin Hood, you know, whatever. These are the types of times where maybe it might make sense. If you have some losses on the table, harvest those. You might have other gains that you've made throughout the year that you're going to get taxed on those capital gains and you're at the end of the year and you have a couple of deals, you know, maybe a couple of stocks that you're holding that are actually losers for the year. Maybe it's okay to sell those and kind of offset some of those gains that you've taken for the year, right? So, so think of, think of those types of things. Here's another one. Check and rebalance your portfolio.

• 22:43Speaker 03

  I recommend for 401ks, for people that are in a 401k, to update and rebalance your portfolio once a year. Some people want to do it quarterly or semi-annually. I think sometimes maybe those are a bit too frequent, especially when it's a retirement plan that's going to be, you're not going to be using this money for the next, you know, 20 years or something like that. Once a year is probably sufficient. This is about the time of year to want to do it. Right around the first of the year, kind of look at where you ended the year and rebalance and get your things back into some kind of semblance of what your asset allocation is going to be, whether you're aggressive or conservative. Okay? Use up if you haven't already done it. If you have a flexible spending account for healthcare. Use it or lose it.

• 23:29Speaker 03

  Go get those eyeglasses, get those contacts. Buy a year's worth of supply of Advil or something and use up those dollars that you saved up in the Flex account if you've got it. Okay.

• 23:44Speaker 03

  Consider some Roth conversions. If you are in a lower tax bracket this year than maybe you were in the prior years and you have a lot of money saved in tax-deferred IRAs and 401Ks. Maybe it's worth taking a look and doing a Roth conversion. Yeah. Maybe a little bit late in the year to do it now, but you could potentially in in future years, look at that as a end of year tactic.

• 24:07Speaker 03

  To maybe get some money out of those taxed accounts and put them into the Roth. Okay. This is a really big one. I see it all the time. Two, two things. And this is more for estate planning purposes.

• 24:20Speaker 03

  Review your beneficiary designations and your estate plans. People put this off and because it is kind of a morbid conversation to have, but the people put it off. And they don't look at it for 10 or 15 years. And when something happens and that individual passes away. Well, they've got a bunch of beneficiaries on there that have predeceased them. Right? Because they didn't make these changes. Make sure that when there's major life changes, you update your beneficiaries. If somebody passes away, you change your beneficiary designations. And the best time to look at that is annually or semiannually to go through and look at that and make sure that nothing's changed. Okay, to make those changes. Review your insurance needs.

• 25:05Speaker 03

  Life insurance, health insurance, long-term care, any of those types of insurance policies you have. It's a good time of year to reevaluate where you stand. Okay. There's a lot of things that you can do at or near the end of the year to help you in your financial life.

• 25:24Speaker 03

  Checking your credit report. Now that we have the ability to check our credit report basically at will anytime. But if you haven't checked it, check it. Take a look at your end of year statements for checking and savings and how much money did you spend?

• 25:38Speaker 04

  Yeah.

• 25:39Speaker 03

  Build a budget around that. Maybe look at next year, a plan for next year. These are all good tips to do anytime during the year, right? Any time of year, you can do these things, but because we're moving, you know, we've evolved around the sun this one more time. We go from 24 to 25. It's always a good time to kind of take stock and take a look at what you're doing financially to plan for future events. And so taking this time, we're all off. Nobody's doing anything between Christmas and New Year's. Right? You know, it's, there's not, you, you, you're just kind of, you know, what day is it? Is it, is it really Wednesday? No, it's Friday. Oh, I have no idea. When's, when's New Year's?

• 26:24Speaker 03

  Yeah, next Tuesday, whatever. You know, next Wednesday?

• 26:27Speaker 04

  I don't know.

• 26:27Speaker 03

  I have no idea. See what I mean?

• 26:30Speaker 04

  Yeah.

• 26:31Speaker 03

  Between Christmas and New Year's, it's a, it's a vacuum. Nobody knows what's going on. This is a good time to actually sit down, get in front of your computer, your laptop, take a look at your beneficiaries, take a look at your allocation in your 401k, increase or decrease as according to what your needs are. And just take stock, take a look at what your financial life looks like and make the changes necessary for 2025.

• 26:53Speaker 04

  Amen.

• 26:54Speaker 03

  We are gonna go to a break. Is our guest here?

• 26:56Speaker 04

  Yep.

• 26:58Speaker 03

  Where is it? Where's my notes? Where's my notes?

• 27:01Speaker 04

  Yeah, we got a couple of questions too.

• 27:02Speaker 00

  It's in the Google Calendar.

• 27:03Speaker 03

  It's like.

• 27:05Speaker 03

  Thanks, Steve.

• 27:06Speaker 00

  You know what day it is?

• 27:07Speaker 03

  Yeah, thank you, Steve. If I, if I didn't have the blue circle of death on the, on the laptop here, I might be able to get there quicker. So we have Anthony, I'm not even gonna try it.

• 27:17Speaker 00

  You got it.

• 27:18Speaker 03

  I'm not even gonna try it. Anthony, local community. How did he? How did he?

• 27:23Speaker 00

  We'll get it.

• 27:23Speaker 03

  We'll get it.

• 27:24Speaker 00

  Are you curious to learn more about how you can be money wise? Check out the Money Wise website at MoneyWiseGuys.com to get more info about what we do.

• 27:38Speaker 03

  Welcome back.

• 27:42Speaker 03

  SRV? Damn.

• 27:47Speaker 04

  Is that what it is?

• 27:48Speaker 03

  Some Stevie Ray Vaughan.

• 27:49Speaker 04

  Oh, yeah.

• 27:53Speaker 04

  I was about to say Keith Urban.

• 27:55Speaker 00

  Wow.

• 27:58Speaker 03

  That is so bad. It's John Mellencamp.

• 28:05Speaker 03

  One of the best guitarists of all time. Lost him way too early. Keith Urban. Keith Urban.

• 28:11Speaker 04

  Dirty Keith.

• 28:12Speaker 03

  Oh my god.

• 28:15Speaker 04

  Sills and Croft.

• 28:18Speaker 03

  Hey, welcome back to the Money Wise Show. Live from the padded radio room off Stockdale Highway. We're having fun. It's the second to last show of the year.

• 28:27Speaker 04

  It's a laid back show.

• 28:27Speaker 03

  Laid back.

• 28:30Speaker 04

  Now we're about to ramp up a little bit now.

• 28:32Speaker 03

  We are, we are so laid back.

• 28:35Speaker 03

  It's the pregame show. I don't know if we're making it through the next half hour.

• 28:40Speaker 03

  We got Anthony Howdige from the, the well, the local comedy club here in town. And he's the host of the pregame open mic show every Thursday night.

• 28:52Speaker 03

  How, how good are those open mic nights? Do you get some real stinkers in there where people are like throwing tomatoes and stuff? Or, or do you get some pretty good open mic? Stuff going on?

• 29:03Speaker 05

  Well, I, I, I'll, I'll lead with the good so that it motivates people to come out because.

• 29:09Speaker 03

  He wants people to show up.

• 29:10Speaker 05

  No, and I think part of the allure of catching an open mic is just seeing people just completely bomb, which is do bad on stage. And I think part of the allure is like going out and seeing someone do something that maybe you wouldn't as in get on stage, but. God, those stinkers are really funny sometimes.

• 29:27Speaker 05

  We had a dude co-op last night that, that I ended up just talking about how I went to Cal State Bakersfield for, for theater and English. And then he went up and started talking about how he went to school for theater and English at Cal State and just did the most terrible comedy you've ever seen in your entire life. And then it made everyone feel like, oh, if this is what they're teaching at Cal State Bakersfield for theater, then this is terrible.

• 29:49Speaker 03

  Yeah. So if that guy's listening right now, if your, your, your, your calling is not comedy.

• 29:55Speaker 05

  No, it's not.

• 29:56Speaker 03

  Is what you're saying.

• 29:56Speaker 05

  It's not. It's whatever he was doing before. Definitely.

• 29:58Speaker 03

  Accounting is probably more his speed.

• 30:00Speaker 05

  Maybe accounting. Yeah. Some sort of engineering thing, but even then you need to be smart to do that kind of stuff. I don't know if this guy was too smart, but you know, that's, that's the thing though.

• 30:08Speaker 03

  Those are the rubs, man. That's the breaks.

• 30:12Speaker 03

  Oh my goodness. So, you know, tell us a little bit about, I mean, we've, we obviously know about The Well. A lot of our listeners have, have shown up and actually gone to The Well, the comedy club here in town. Uh, the only locally owned comedy club in the Central Valley, right? Or did we, did they get one up there finally in Fresno?

• 30:30Speaker 00

  Nope.

• 30:31Speaker 03

  Where it?

• 30:32Speaker 00

  Nope, we're it.

• 30:32Speaker 03

  We're it.

• 30:33Speaker 04

  We're the Mecca, baby.

• 30:34Speaker 05

  Yeah, the Mecca for set of comedy in the Central Valley, for sure.

• 30:37Speaker 03

  Nice. So I've, I've heard from time to time that you, these open mic nights are nights where you might wind up just randomly showing up and somebody like a Chris Rock shows up and he's just trying to throw out some new material. Does that ever happen?

• 30:55Speaker 05

  I feel like if you're in Los Angeles or for New York and you're in these bigger, bigger, you know, cities, then you're definitely gonna get someone like Chris Rock or Dave Chappelle popping in for an open mic, you know?

• 31:06Speaker 03

  Right.

• 31:06Speaker 05

  But, uh, I wouldn't say that we get Dave Chappelle's or Chris Rocks here in Bakersfield. You know, we'll get the occasional Daniel Betts, owner of the club, dropping in and, uh, we're doing a little 10 minute spot or something, uh, but, uh, we do have comedians coming out from like, you know, Fresno, Los Angeles, Vegas, just kinda dropping in and like working on stuff.

• 31:24Speaker 03

  Trying to try, figure out the timing on their new material before they do the big special.

• 31:28Speaker 05

  Or, yeah, essentially, but I think for the, yeah, yeah, to get some real good feedback, you know? But I think that for people, because our, our market here in Bakersfield is like a secondary market, you know? Uh, we're, we're known as what I think is called like a road club. So a lot of comics that are on the road, quote unquote, will stop in and do the material. And if they're working on a big special or something, they'll book out an entire weekend and run their hour in front of a crowd in front of another city, you know? But in terms of open mics, you'll get some comics that are kind of like up and coming, you know? Um, comics that are working on their 20 minutes, 30 minutes, and then they'll come in and drop in and work out like a five to 10 minute set, you know? So maybe not Chris Rock now, but in 15 years.

• 32:08Speaker 03

  I knew you back when.

• 32:09Speaker 05

  Exactly. And that's kind of it. Like, I remember seeing this comic perform when there were seven people in the audience and now they're touring all over the country.

• 32:16Speaker 03

  And now there's 7,000 in attendance.

• 32:18Speaker 05

  Exactly. I think that's what you get more at an open mic, uh, you know, here in Bakersfield.

• 32:22Speaker 00

  I, I personally, as a, as a comedy fan, I enjoy the, the open mic nights.

• 32:26Speaker 03

  Yeah.

• 32:27Speaker 00

  Because you never know what you're gonna get, first of all.

• 32:29Speaker 03

  You can get some really funny dudes in there, dudes or, or ladies. I mean, you can get some really good comics.

• 32:34Speaker 00

  I've gone to several.

• 32:35Speaker 03

  That's at Cal State, Bakersfield, talking about theater.

• 32:39Speaker 00

  But no, serious, I've gone to several of these open mics at the well and I've, I've always left with, okay, well, you know, I'm following these two comedians or these three comedians afterwards.

• 32:49Speaker 03

  They got some good material.

• 32:50Speaker 00

  Exactly, exactly.

• 32:51Speaker 03

  Nice.

• 32:52Speaker 00

  I mean, if you have the cojones, jump on stage.

• 32:55Speaker 04

  I'm gonna jump on stage.

• 32:56Speaker 05

  You should, you should.

• 32:58Speaker 03

  Yeah, I just, I just stand there staring at the audience.

• 33:03Speaker 00

  Take a couple kamikazes first and we'll see how Latroy is.

• 33:06Speaker 05

  Make it three or four.

• 33:08Speaker 00

  Throw out that urban joke, I'm sure it'll get a belly laugh.

• 33:15Speaker 03

  So tell us, Anthony, about the show. What is it about the open mic night? Who, who's invited? Who's, who's, you know, how, how do you get onstage? You just like raise your hand? Is there a cover charge? How does, how does it all work?

• 33:29Speaker 05

  Okay, so for the pregame show every Thursday, it is pretty much anyone can sign up, you know, a homeboy last night that went up, he said he'd been doing comedy a few times or whatever. So I was like, all right, I'll give you a shot. And then I was, I found out pretty quickly I was lied to.

• 33:45Speaker 05

  Definitely has never done comedy before, or he has, and there's maybe it was just his mom and his sister in the room or something. But no, it's typically anyone can sign up. You just gotta go an hour before the show starts at seven, you know, so you just go anytime from six to seven, come talk to me, or if you're just going on an open mic, go talk to the host and then just say, hey, can I get up on the list, you know? But sometimes you have upwards of like 25 comedians up there on the list. So like you kind of have to just be sitting and waiting for your spot.

• 34:11Speaker 03

  You're sitting in the green room for an hour and a half waiting to get on.

• 34:14Speaker 05

  Yeah, yeah, except the green room is the audience and you're sitting there with the rest of the audience having a beer and just dreading for the time.

• 34:21Speaker 04

  I've never been to the well. I need to go.

• 34:22Speaker 03

  You gotta go. It's, it's a, it's a good little, it's a good little, little club.

• 34:26Speaker 05

  Yeah, and it's all, it's all comedy, you know, like you wouldn't go there and be like, oh, are we doing concerts tonight? Or trivia? What's going on? No, it's like you're gonna go and you're gonna see comedy regardless.

• 34:36Speaker 04

  Do we, do we have somebody that's Dave Chappelle?

• 34:40Speaker 03

  Coming up in Bakersfield?

• 34:41Speaker 04

  Coming up, up in common or no? He like, he looking like.

• 34:44Speaker 00

  Dave Chappelle. Dave Chappelle's not even coming to Bakersfield.

• 34:48Speaker 05

  Yeah, he's in Ohio in a bunker or something.

• 34:50Speaker 04

  Somebody that's on the trajectory of Dave Chappelle or who'd be the next, you know, Martin Lawrence.

• 34:55Speaker 00

  Tonight they had like the Tino Caccino is, is, which I worked with over at the radio station. He's a Bakersfield dude. I know next week. And I believe is the twin sanity. Which these uh, these chicks do a podcast and uh, my buddy Chris, he is a big fan. He's been talking about these uh, these twin sanity girls. I don't know their story personally, but uh, he, he actually went and saw the Uncle Laser show a couple of weeks ago. And has still been talking about it. So like I said before, man, you never know what you're gonna get at the well. Uh, personally, if you go, you know, help out community and local, local spots, I promise, if you go to the well, not only do they have good food and drinks.

• 35:37Speaker 00

  Oh, yeah. You're gonna find guys like this Anthony or the Dan Vets and the Boystons and. Oh, they're funny. They're funny. They're funny dudes.

• 35:45Speaker 05

  Yeah, there's a, you know, um, in terms of answering your question, if there's a Dave Chappelle coming up in the scene, you know, uh, there's a lot of people with, with definitely glimmers of like, oh, this person's gonna be a, a great comic, you know, and it's just, it's hard to tell right now because everyone's at a, a certain level and everyone's just trying to get better, you know, but there's definitely some comics here like, oh, you're gonna be.

• 36:05Speaker 00

  Pay attention to these ones.

• 36:06Speaker 05

  You're gonna be really good.

• 36:07Speaker 00

  And, and a lot of it does have to kind of stem from a little bit of luck. Like you gotta be really, really good at what you do, but you gotta be, you know, like last comic standing or whatever. You see some of these reality shows or whatever. It's like, just some of these people are really good and they're then, but you're gonna have to find that something and there's gotta be luck to get that, that television special, the Netflix special, the, the sitcom invite to be a writer on SNL or whatever. I mean, a lot of that kind of stuff just, just happens to be luck a lot of times.

• 36:39Speaker 05

  Yeah, and they say what luck is preparation meets opportunity, right?

• 36:42Speaker 00

  Exactly.

• 36:43Speaker 05

  Their only way to prepare and to get that opportunity is to continue to do comedy every night and

• 36:47Speaker 00

  Yeah.

• 36:48Speaker 05

  Try to get better all the time. And then who knows what will happen?

• 36:50Speaker 00

  Build your craft.

• 36:51Speaker 05

  Exactly.

• 36:52Speaker 00

  Build your craft. So I want to ask you this because as a comedian, you've, you've had to have dealt with some of these things before.

• 37:00Speaker 00

  You gotta think on your feet. What is the weirdest, strangest thing that's ever happened to you while you've been on stage? That you can tell on the radio?

• 37:11Speaker 05

  Yeah, you know, things happen every night, like every night someone yells something out.

• 37:17Speaker 00

  Heckles or whatever.

• 37:18Speaker 05

  Exactly, there's always some sort of version of a heckle or, you know, and I feel like they happen so often that I'm just kind of like used to it and it just kind of all blends together, you know. But I think the weirdest, craziest thing that has happened to me on stage that I can remember that it was different than all the other times, so I had brought up like some sort of like, like it was like a non sequitur, just kind of like transitioning to another thing and I mentioned something about Native Americans and genocide or something like that.

• 37:46Speaker 00

  A funny topic.

• 37:48Speaker 05

  Yeah, right. That's totally not funny at all. That's why this person got upset. And then just got up in the middle of this open mic and just started yelling things at me and started correcting me about the history of the United States. And it just got like really intense and gruesome. Yeah, political, but it was totally not even trying. And that's why we're at an open mic. We're just trying to be funny and like casual about things and maybe we bring up topics that are sensitive, but that's the point is to bring them up and like talk about certain things, but this dude got so mad at me, started correcting me, yelling things out. He had to be escorted out of an open mic.

• 38:19Speaker 04

  No, I was hoping that she started shooting on him or something, started talking about him, because that would have made you, you know.

• 38:25Speaker 05

  I should have, man. I should have, but I ended up getting walked to my car because it was so like intense.

• 38:30Speaker 00

  Like over the top, wow.

• 38:31Speaker 05

  And I think that heckles, I think a lot of times, again, they happen all the time where people just say something. You can riff on it and, but there's those times where it gets like super aggressive where you're like, uh, what's going on here? You know, I was at, I was working, because I work at the club as well. I'm the front of house manager there, so I'm working pretty much all the shows there. And I am in charge of kind of going up to people and like telling them things before, like to calm them down before they get kicked out. And dude came in late one time and then I think Daniel Betts was on stage or something like that.

• 39:00Speaker 00

  The owner. Is up on stage.

• 39:01Speaker 05

  Has just made some sort of comment about something and I think he said like the F word or the N word, but he said it like that so he wouldn't say it, you know?

• 39:10Speaker 00

  Yeah.

• 39:11Speaker 05

  And, and, and one of the guys in the back just started screaming out and saying, what is this communist America? I thought we were in, I thought we could say whatever we want here. And he's just like yelling things out as he's carrying a drink out the room. And it's just like, I guess that wasn't as responding to your question, it's not the funniest thing or whatever, but like those aggressive things are what stand out because they're so rare, you know?

• 39:32Speaker 00

  Yeah. And it's, you know, there's, there's, there's comedians that can handle it super well. What's that one comedian? Uh, Hefstetter or?

• 39:41Speaker 05

  Oh, Steve Hofstadter?

• 39:42Speaker 00

  Steve Hofstadter. He does an amazing job of how to deal with hecklers.

• 39:46Speaker 05

  Yeah.

• 39:46Speaker 00

  Right? And, you know, he's got a whole YouTube channel about how he's dealt with hecklers in the past. That's gotta be a skill because I know like if I'm being heckled, I'm gonna, I'm gonna start crying. I'm gonna just like, whoa, I'm gonna be out there holding the mic like, I'm trying to get through my set. Leave me alone.

• 40:03Speaker 05

  I see that. I still see that today, dude.

• 40:05Speaker 04

  You're messing up my script. I've seen some, uh, some, uh, comic shows on YouTube where like the comedian is not getting any laughs.

• 40:13Speaker 05

  Oh, yeah.

• 40:13Speaker 04

  And then they just start cussing out the audience like, eh, eh, like.

• 40:15Speaker 05

  Yeah. Start seeing that in an open mic.

• 40:20Speaker 00

  That was funny as hell.

• 40:21Speaker 05

  Yeah, yeah, yeah. People get too, too butthurt sometimes, you know, especially comics when you're not like laughing at their stuff and the stuff they know that works or something. They'll just be like, well, what do you, you guys are tight tonight. What's going on with you guys? It's like, no, bro, you just suck.

• 40:35Speaker 04

  Keep it real.

• 40:36Speaker 00

  It's not, it's not funny.

• 40:38Speaker 05

  Yeah, yeah, yeah.

• 40:41Speaker 04

  You know, you real, you're a real talented, uh, comic when you can, because there's a diverse room, right? It's just every, every, you know, nationality.

• 40:48Speaker 00

  White collar, blue collar.

• 40:50Speaker 05

  Everybody's in there. Yeah.

• 40:51Speaker 04

  And so if you can make everybody relate and laugh, dude, that means you're on your way.

• 40:56Speaker 00

  Yeah.

• 40:56Speaker 04

  Because everybody got a different sense of humor.

• 40:57Speaker 00

  Oh, yeah.

• 40:58Speaker 04

  If you can make everybody in the room laugh, then.

• 41:00Speaker 00

  Well, and I think that, you know, correct me if I'm wrong, but, you know, pre-COVID comedy was a certain way. You can get away with a lot of things, right? Post covid, there's certain things like, and I think it's more of a PC kind of a thing, like political correctness. There's certain things that are kind of off limits. You can't really joke about certain things, but the really good comic can kind of delve into some of those topics delicately and still make people laugh. That's a real comic who can really pull something like that off where it's like, hey, that's a taboo subject. We're not supposed to talk about those things. But he was able to, or he or she was able to get into that realm.

• 41:42Speaker 00

  And we were all able to connect and laugh about something that is, we're not supposed to laugh about.

• 41:48Speaker 04

  You know what? Let me, let me address this question while we got in here. It says, do they only do open mics on Thursdays? Did they stop doing the Sunday shows?

• 41:55Speaker 05

  Yeah. So the Sunday shows don't, are no longer.

• 41:58Speaker 00

  That's the Lord's Day. You can't make fun of things on the Lord's Day.

• 42:01Speaker 05

  Chick fillets closed. You can't do anything.

• 42:04Speaker 05

  No.

• 42:05Speaker 04

  Hobby Lobby too, right?

• 42:06Speaker 05

  Hobby Lobby day. That's another one off the list. No, though they're Tuesday through Thursday. They just sort of have different themes, you know, Tuesday night at the club. It's called the weekday show and that is basically the guys that created it. They built a website and essentially what you can do while you're sitting, the audience is vote on whether the comic stays on stage or gets off stage.

• 42:28Speaker 04

  Oh, that's nice.

• 42:29Speaker 05

  So if at three minutes, you'll get like a little sign on the, on their little projector that says like, vote now. And if you get voted down, you get kicked off stage and then you lose your time.

• 42:37Speaker 00

  Does it like a gladiator come out and actually like shove a sword in their neck or something like that? Like you're done? Like, like Gladiator? Like you got the thumbs down? You're, you're done?

• 42:45Speaker 05

  In the comedic way, essentially what happens is you just get roasted by the host and then you just get made fun of for doing terrible, you know?

• 42:51Speaker 00

  Just walk off stage with their head down.

• 42:54Speaker 04

  You're a popular guy because you got another question here.

• 42:56Speaker 00

  What we got?

• 42:57Speaker 04

  Is there a certain nights that it might be better for family night to go, for a family to go? My wife doesn't care for crew jokes.

• 43:03Speaker 05

  Okay.

• 43:05Speaker 00

  Might not want to go to the well.

• 43:07Speaker 05

  Yeah. It's, you know, I think going back to your whole sort of topic about whether things are PC and all this or not, you know, I think before the pandemic, whether the world was one way and then after the pandemic, whether whatever the world is, I think generally speaking, if you go to the comedy club, you can hear whatever it is that you're wanting to hear. And there may be some crew jokes in there. There may be some things that are more dry, but it just kind of like, there's no holds barred. You know, there's no rules and essentially you can say whatever you want to say as long as you're trying to be funny. And then if the crowd isn't thinking it's funny, they won't laugh. You know, so in terms of like asking which nights to go better for, you know, a certain type of style, you'll probably get crude humor every night, you know, but.

• 43:51Speaker 00

  Unless there's a specific show, I think that the well has done this before where they've done, where they have done like a family night where kids are.

• 43:58Speaker 05

  They'll, they'll do like occasionally they'll book like someone that, that does dry bar comedy, which is, you know, clean comedy. And like I hosted one of those shows in October. And essentially you just get a lot of comics on the lineup that are just more clean and like family friendly. You know, but generally speaking, it's 18 and up at the club.

• 44:15Speaker 00

  Right, exactly.

• 44:17Speaker 05

  But yeah, dude, I feel like you can say whatever you want, you know, as long as, as long as you're funny. And if you're not funny, then it just won't work.

• 44:24Speaker 00

  It's the perfect level of capitalism, right? It's like laughs are dollars.

• 44:29Speaker 05

  Right, right.

• 44:30Speaker 00

  If they're not laughing, they ain't spending their money. Get off the stage.

• 44:34Speaker 04

  I don't know if we can name drop on, on the show, but it's, it's a comic here that I follow in town named Tiffany Bell. Is that Ringa Bell?

• 44:41Speaker 05

  Yeah.

• 44:41Speaker 04

  Yeah, I follow her on Instagram.

• 44:43Speaker 05

  She's really funny. Yeah. I've seen her a couple of times at the club and, no, she's hilarious. She's really funny. Yeah.

• 44:50Speaker 00

  There's a lot of really good comics in, in the central valley. I mean, when you live in the central valley, you got to laugh about something, right? So, you know, go, go to the well. I mean, it's open mic night, pregame show, get in there, check it out. You know, like, like you said, Anthony, the food's great, the, the booze is great, the comedy.

• 45:11Speaker 06

  We always go back to that story. Do you remember we took, we took Gero to the, the, the first.

• 45:18Speaker 00

  Show.

• 45:19Speaker 03

  Yeah.

• 45:20Speaker 00

  When, when the well first changed over.

• 45:22Speaker 03

  So Dan, we go over there with Daniel Betts and we're sitting there at the bar and we're eating chicken wings. And we keep ordering wings and then finally Daniel walks out of the back of the house and he's like, he's kind of looking around. He's like, I don't, we don't have any more wings and I don't know what we're.

• 45:38Speaker 00

  Two hours before showtime.

• 45:39Speaker 03

  Yeah, like we ate all, it was, it was actually disturbing the number of like chicken carcasses that were on that table. It was, it was pretty bad, but hey, you know what? It was good wings, really good, really good food and.

• 45:53Speaker 00

  So I'll, I'll tell you a funny story. I took my wife for our first, uh, first time to see a show at the well and I bought the VIP tickets right up front.

• 46:03Speaker 03

  Oh, yeah.

• 46:04Speaker 00

  So we're like, I could reach and touch the.

• 46:06Speaker 03

  Touch the stage, yeah.

• 46:08Speaker 00

  And I believe it was one of the, the shows where Betts was running it and, uh, yeah. I, uh, I ordered a burger and I didn't know where to go. So I already looked like a dumbass and I'm grabbing my burger and you know, I didn't grab any napkins. So I'm sitting right in front and I take a bite and it gets silent. So I'm like trying to chew my burger and I look up and Betts is like, hey, my eyes are up here. So I'm like, like I'm staring at his crotch or something. I kind of just looked to the side for the rest of the show.

• 46:42Speaker 03

  Eyes up here, buddy, eyes up here.

• 46:44Speaker 05

  That's sort of Dan's go to, go to jokes right there.

• 46:47Speaker 00

  I'm sure.

• 46:48Speaker 04

  Hey, you gotta be bold to get those VIP seats, man. You gotta, you gotta go up there, fly. You're gonna get shot on.

• 46:53Speaker 03

  Yeah, you're gonna get called out.

• 46:55Speaker 04

  Caught out. So don't have a pretty girl up there either. That's the rule. Like never, don't have a pretty, don't bring your pretty girl.

• 47:00Speaker 03

  Yeah, bring your, bring your wife. How long you been with him? Oh, I'm not with him. Oh.

• 47:04Speaker 00

  It's my brother.

• 47:05Speaker 05

  Yeah, we're cousins. Yeah.

• 47:08Speaker 00

  Back to the field, baby.

• 47:08Speaker 05

  Yeah, yeah.

• 47:10Speaker 03

  Oh, man.

• 47:10Speaker 00

  So what, what's any upcoming shows? I know you guys are doing a New Year's Eve show, I believe.

• 47:16Speaker 05

  Yeah, so, uh, well, tonight we have Tino Caccino at the club and then Friday night and then Saturday night, we have the Twin Saturday, uh, that's what you were talking about earlier, Steve, and, uh, Ally and Kelly Ryan, who they have this podcast and, uh, like, it's super funny, they're really good. And then, uh, next Tuesday, we have the New Year's Eve show at the club.

• 47:34Speaker 03

  Nice.

• 47:34Speaker 05

  So that'll be sort of like a showcase and then the, the ball drop then, like, after-party thing and then, uh, next Friday and Saturday, we have, uh, five-dollar ticket shows, which is, uh, one is called Five Dollar Funnies on a Friday. And then next Saturday is, uh, our Door Guys and Past Regular Show and it's just kind of, those are gonna be more local showcase types that you'll see, you know, for a five-dollar ticket. And, uh, sort of going back to, uh, like, in terms of comedy speaking, like, I feel like, cause I've been doing comedy, like, I'll go to, like, the coast or I go to LA and stuff. And if you see comics in LA that are up and coming, I feel like they're terrible.

• 48:09Speaker 03

  Really?

• 48:10Speaker 05

  But it, yeah, in terms of, you'll, in terms of like, cause here, what we have is like an open mic level, it's like comics that are kind of starting out. And the, the open micers here in Bakersfield, I think, are ten times better than the open micers in Los Angeles. Just cause I've worked with them and then I feel like in Los Angeles, a lot of people there are, are, it's so oversaturated with what they talk about, they just talk about like Tinder dates and going out for sushi and stuff. Like, just real boring type topics, but I feel like the comics in the Central Valley ha- have a sort of like, uh, like, an edge to them, you know, I feel like here, I think there's a lot less barriers and stuff, so people talk about different things, make different jokes, you know, so.

• 48:48Speaker 03

  It's only so many times you can hear a joke about airline travel.

• 48:51Speaker 05

  Right, right, or your latest Tinder date.

• 48:54Speaker 03

  Yeah, it's the same thing. Over and over again.

• 48:57Speaker 05

  Yeah.

• 48:58Speaker 03

  I already got the punchline. I don't need it.

• 49:02Speaker 00

  So if you are driving, you know, look up the podcast notes, I'll have, uh, their website, Anthony's Instagram, if you, uh,

• 49:08Speaker 03

  Absolutely.

• 49:09Speaker 00

  You wanna, you wanna check out that open mic? Or you wanna test your skills? Just look at the, uh, the podcast notes and we'll take care of you.

• 49:16Speaker 03

  Yeah, and if you, uh, wanna test your non-existent skills, go anyways.

• 49:19Speaker 05

  Yeah.

• 49:21Speaker 03

  Just see what happens. All right. Hey, Anthony, thank you so much for joining us today. Go, go visit the well. It's, it's a really great time. It is a lot of fun going down there and checking out the comics. It's just, it really is great time. Thank you for our listeners joining us today. Thank you for the, the questions, obviously, taxes and everything, end of year stuff is very important. We want to make sure we're taking care of that. If you have any questions, we are financial advisors as well as radio pod show hosts and, you know, comedians, part time.

• 49:58Speaker 03

  Give us a call, 661-847-1000 to sit down with us. As always, be smart, be safe, be money wise. Have a wonderful weekend and we'll see you on Monday.

• 50:13Speaker 02

  Securities offered through SCF Securities, Inc., member FINRA/SIPC. Investment advisory services offered through SCF Investment Advisors, Inc. SCF Securities, Inc. and MoneyWise Wealth Management are independently owned and operated.