9/24/26 Markets, Mortgages, and Montoya Physical Therapy

The Moneywise Radio Show and Podcast Thursday, September 24th BE MONEYWISE. Moneywise Wealth Management I "The Moneywise Radio Show & Podcast" call: 661-847-1000 text in anytime: 661-396-1000 website: www. MoneywiseGuys.com https://www.moneywiseguys.com/ facebook: Moneywise_Wealth_Management https://www.facebook.com/moneywiseguys/ LinkedIn: Moneywise_Wealth_Management https://www.linkedin.com/company/moneywise-wealth-management-bakersfield/ Guest: Ricky Montoya, Owner/CEO/DFT, Montoya Physical Therapy & Wellness website: https://montoyatherapy.com/ phone: 661-679-6238 instagram: @montoyaphysicaltherapy https://www.instagram.com/montoyaphysicaltherapy/ facebook: Montoya_Physical_Therapy_and_Wellness https://www.facebook.com/montoyatherapy/ The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. Ricky Montoya & Montoya Physical Therapy are not affiliated with nor endorsed by LPL Financial or Moneywise Wealth Management

• 0:00Speaker 00

  Live from the basement inside the historic Woolworth Building in downtown Bakersfield.

• 0:05Speaker 01

  Call or text in at 661-396-1000.

• 0:37Speaker 00

  Now, let's start the Money Wise Show.

• 0:41Speaker 02

  That's right. Welcome to the Money Wise Show. I am your host today, Chris Pelster with

• 0:46Speaker 03

  Seth Perry. Glad to be here, KP.

• 0:48Speaker 02

  Mr. Seth Perry and behind the glass is always is Mr. Steven Nicholas. I don't think we've ever had a substitute. A few, a few years ago, yeah.

• 0:58Speaker 03

  I haven't seen one in

• 0:59Speaker 02

  Yeah.

• 0:59Speaker 03

  Isaac. Couple of years.

• 1:01Speaker 02

  Yeah, Isaac would help out and

• 1:03Speaker 03

  Seth's son or Seth's son, Jared's son.

• 1:06Speaker 02

  Yeah, that was a while ago. Man, that was a different, different era.

• 1:12Speaker 03

  If you need me to cover, big dog, I'll get in there.

• 1:15Speaker 02

  Oh, you don't want Seth, you don't want Seth moving needles, dude. No, oh my goodness.

• 1:20Speaker 03

  I'm trying to get you ready to host a show on your own.

• 1:23Speaker 02

  Yeah.

• 1:23Speaker 03

  Geez. Yeah, that'd be cool.

• 1:25Speaker 02

  Come on.

• 1:25Speaker 03

  Come on.

• 1:26Speaker 02

  You're adventurous.

• 1:27Speaker 03

  You really want to drive this show into the ground. I think, I think we'll get some more listeners, actually.

• 1:33Speaker 02

  Cool, man. Well, there you go. Let's get this show on the tracks, dude.

• 1:37Speaker 03

  That's right.

• 1:38Speaker 02

  Yeah, we are, we are live from the basement of the historic Woolworth Building in downtown Bakersfield. You are on 96.1 and 1230 AM KURN. Always streaming live on MoneyWiseGuys.com. Check out our website or you can also listen to the podcast version of this show at any of your favorite podcast locations. We're excited about today. We're going to be joined by a friend of both Seth and Ice, Mr. Ricky Montoya. Physical therapist here in town doing God's work on lots of different folks dealing with physical ailments and there's only so many, you know, local legends that you also played Little League All-Stars with.

• 2:21Speaker 03

  Yeah.

• 2:22Speaker 02

  You know what I mean? That you can bring into the studio. So very excited to get the update on what's going on there. But we do have a good show. Before then, before we go into kind of his business and kind of how things are going there. So stick around for that. But we did want to go over, obviously, what's going on in the market news. One of the things today, the big headline news is I think Mr. Trump.

• 2:43Speaker 03

  Yeah.

• 2:44Speaker 02

  Is, has a little meeting, has a little chit chat.

• 2:46Speaker 03

  Hanging out with Xi.

• 2:47Speaker 02

  Hanging out with Xi.

• 2:48Speaker 03

  They're hanging out with Xi at the White House and it's, I know that China did the same thing, but it's a little, it's not unnerving, but basically they had all the military doing the drums, doing the marching and everything, but they're in solid red uniforms. And then they've got guys on the top of the White House flying Chinese and, and American flags. So again, it's like, oh, that's, you know, but like Xi said, we are so dependent upon each other. And I'm excited to see his first time he's been out in 10 years.

• 3:20Speaker 02

  Did you get to see the handshake? I mean, that's what it boils down to.

• 3:23Speaker 03

  I saw, so Xi was fully extended and Trump had him right here. I don't know.

• 3:28Speaker 02

  It was a power move. It was inside.

• 3:30Speaker 03

  Yeah.

• 3:31Speaker 02

  He pulled him in.

• 3:32Speaker 03

  Yeah.

• 3:32Speaker 02

  Okay.

• 3:32Speaker 03

  That's what happens.

• 3:33Speaker 02

  That's, it boils down to the handshake.

• 3:35Speaker 03

  So little, little job 101. If you're looking for a new job, when you walk into the interview, don't shake their hand very strong. You want to give them like a

• 3:46Speaker 02

  Just a wet noodle?

• 3:47Speaker 03

  Just a fish.

• 3:48Speaker 02

  Just a wet noodle?

• 3:49Speaker 03

  Extend a fish. Don't make eye contact. Big mistake. And if you can, try to be on your phone at least three or four times.

• 3:56Speaker 02

  Yeah. Then the hiring person will be like, there was just something about that, that wet noodle handshake that, that's, that's our person.

• 4:02Speaker 03

  Can I share a quick story?

• 4:03Speaker 02

  Yeah.

• 4:03Speaker 03

  So one of the things we used to do at Halliburton and I wanted to say these guys' names, but I can't. We would interview people. We would do like a panel interview. There'd be three or four of us, right? And these guys would come in and they would be all-stars. I mean, they're college educated and great work experience. They held themselves well. And then we gave them the interview within the interview. We would hand them, we'd go, so we're going to give you guys a tour of the shop, you know? And then we would toss them a hard hat that hadn't been put together yet. And again, not rocket science, but a little bit tricky. And some guys, they'd open the thing up and you could tell, and we would just be talking, but we were watching them the whole time.

• 4:44Speaker 03

  And, but some of the guys, they maybe didn't interview as well, but they get the hard hat, they just look at it and then boom, put it in. The other thing we would do is walk them out to their car. Cause we wanted to see, since we were going to give them a company vehicle, we wanted to see how did they take care of their own vehicle?

• 4:58Speaker 02

  Boom.

• 4:59Speaker 03

  So anyway.

• 5:00Speaker 02

  Boy, I, as a, as a husband and dad of three, I hope job interviews never include looking at the car.

• 5:09Speaker 03

  Exactly. My backseat is like, oh, and dirty clothes and 13 hats.

• 5:14Speaker 02

  Yeah. Well, there we go. So with all that being said, on a day like this, you know, there's, there's just been some volatility. The market's been up and down, positive, negative, bouncing around, pretty much flat today, flatlining. The S and P 500 is up just slightly, 0.2%. Again, we still have some trading day.

• 5:34Speaker 03

  It is moving around like crazy. And when you said that, it literally was completely flat. When you said that, it was 000.

• 5:41Speaker 02

  Now it's down 1.3% there. So the S and P 500 is at 7,00704. It's down a percent and a half. When we ran numbers just a little bit ago, preparing for the show, it was at 0.2%. So not necessarily anything new that came out, but just, yeah. So. Oh, yeah. Yeah. Points. So yeah, it's flatlined. Everything is in negative. It was a mixed market earlier. Now everything's in negative territory, but, but ever so slightly.

• 6:08Speaker 03

  Ever so slightly.

• 6:09Speaker 02

  Basically, and so

• 6:10Speaker 03

  Don't panic.

• 6:11Speaker 02

  Yeah. Don't panic. You know, NASDAQ was up a little bit when we ran, everything's in negative territory, but basically 0.06, 0.02, 0.3 is the Dow, but we call that the dumb Dow. So don't even fret. But anyways, just any other things you can think of with the news or anything going on?

• 6:32Speaker 03

  Oil prices are back up. It seems like every show I'm on, they're either drop back down or they flying back up and it's just continued pressure, straight of Hormuz. Obviously everyone knows about, and I was, I wasn't following the news as closely as I could be, and I was unaware of the, the Houthis, Houthis, however you pronounce it.

• 6:53Speaker 02

  Yeah, the other

• 6:53Speaker 03

  Idiots.

• 6:54Speaker 02

  Transport.

• 6:54Speaker 03

  Attacking Saudi Arabia, attacking the pipeline.

• 6:58Speaker 02

  Yeah.

• 6:59Speaker 03

  So that's really helped to disrupt things.

• 7:02Speaker 02

  Yeah.

• 7:02Speaker 03

  But that's what you get with

• 7:05Speaker 02

  Extremists?

• 7:06Speaker 03

  Extremists.

• 7:07Speaker 02

  There you go.

• 7:07Speaker 03

  Absolutely. I'll leave it at that.

• 7:08Speaker 02

  There you go. Well, let's go ahead and jump right into some of these great questions. Remember you guys are what make the show podcast great. Your guys' comments, questions coming in. Help us to form some questions and, and within those questions, we hope to educate you. So you can call or text the show at any time, 661-396-1000. Send in those messages, call. We've even had some live callers, which was kind of non-existent for a while. So we love those too. If you want to jump on the show. But this one came in and it's going to spill into a great educational thing about gifting. It says, if we raised money in a GoFundMe page, do we have to pay taxes on it?

• 7:50Speaker 03

  That one caught, that caught me off guard.

• 7:52Speaker 02

  Yeah.

• 7:52Speaker 03

  Cause in my mind, I think worst case, I think, wow, you know, scandal this and blah, blah, blah. But

• 7:57Speaker 02

  Well, not only that, you think, you know, the IRS wants, you, Uncle Sam wants everything, right? Well, guess what? GoFundMe, it's gifting and it's not taxable.

• 8:08Speaker 03

  Come on.

• 8:08Speaker 02

  But there are some considerations. Okay. So gifting is something that all of us can do. You can give as much money as you want to anybody and everybody. But it falls into the category of gifting and GoFundMe is just being a go-between. Now GoFundMe, when you give, they, they try to raise money as an organization and ask for tips and different things. And so they might have to pay taxes.

• 8:31Speaker 03

  They're getting a little cut. They're, they're making a little commission. They pay taxes on that, but

• 8:35Speaker 02

  But the person that's getting the gifts and the person that's giving the gifts, it's never taxable. But the gifting rules, we talk about this all the time, is a very misunderstood thing. Okay. So what the IRS allows you to do is there's a maximum that you can gift per year that, that won't require you to report it. And you're like, what in the world? I have to report my gifting. Well, yes, because you can have an estate of a certain amount and give it to your beneficiaries and not have to pay any what are called estate taxes, or sometimes affectionately called death taxes.

• 9:13Speaker 02

  It's an insanely large amount. Most folks will not have to worry about this. We are talking about an estate the size of $30 million for a married or joint situation, $15 million for a single person. And so if you gift over a certain amount in a single year, you have to report it and it becomes part of your estate ledger, if you will. It starts to add up to that amount over that $19,000 amount. If I give 30, 11,000 gets added to this number. And if my estate is ever over $30 million. That is added to it and it could become taxable if I'm over $30 million.

• 9:57Speaker 02

  So it's funny that we even have to talk about this. Everybody has to talk about this. Most people will never have estate tax issues. I hope you have them. 847-1000.

• 10:07Speaker 03

  If you have them.

• 10:08Speaker 02

  847-1000.

• 10:09Speaker 03

  P.

• 10:09Speaker 02

  We have ways that we try to avoid estate taxes and gifting and trusts and different things that we try to be strategic. But it is very misunderstood. A lot of people don't want to have to report it. You also can gift with a husband and wife, can both gift, can give $19,000 and $19,000. So jointly, you technically can gift $38,000 in one year without having to report it.

• 10:36Speaker 03

  If they're giving to their kids, like if I was giving money to my kids and say my daughter is married, I could, I could, I could gift to my daughter. I could gift to her husband. My wife could gift to both of them. So now you've gotten.

• 10:49Speaker 02

  Seventy.

• 10:49Speaker 03

  Seventy-six.

• 10:50Speaker 02

  Yeah. So you technically could gift $76,000 in one year. So, I mean, you can get creative, but again, there's no benefits to that. You just don't have to report it. That really only affects people that have estates over 15 to 30 million dollars, depending on single or joint family situation. So this is where you get the, the comment of like a trust fund baby or a grandchild of a super rich grandpa. They are gifting every year. They're getting money out of their estate a lot of times. And that's what they're doing is they're gifting up to that amount to get that money out of their estate. So that they are not subject to estate taxes because estate taxes are very high to the tune of 40% over that $30 million mark.

• 11:34Speaker 02

  So if you end up giving $32 million to your family and you're $2 million over, 40% of that $2 million over that 30, 40% tax on that. Other than that, you don't pay tax on inheritances. But back to this discussion on taxes. Sometimes it can be confusing because if I pull money out of a retirement account, a traditional IRA and gift it, do I have to pay taxes on it?

• 12:02Speaker 03

  Usually, but not if it's a qualified charitable distribution.

• 12:07Speaker 02

  So there's all kinds of caveats. If I give it to an individual, it's still taxable. If I give it to a nonprofit corporation and I'm a certain age.

• 12:15Speaker 03

  You have to be, what is it, 71 or 70 and a half?

• 12:18Speaker 02

  Seven and a half, yeah. So as long as you reach 70 and a half, you can do what's called a qualified charitable donation.

• 12:24Speaker 03

  Huge because so many of our clients, they're giving to their church or their local organization already.

• 12:29Speaker 02

  But what's the caveat with even doing what's called a QCD, that qualified charitable? What do you have to do?

• 12:35Speaker 03

  What do you mean?

• 12:36Speaker 02

  You have to have the gift to go directly.

• 12:39Speaker 03

  Oh, yes.

• 12:40Speaker 02

  From your retirement account to the organization. You can't take it out of your account and then give it to your church or then give it to an organization or a 501(c)(3). You have to have it go.

• 12:51Speaker 03

  As soon as it hits your checking, yeah, it's instantly taxed as ordinary income.

• 12:54Speaker 02

  Yep. So again, if your advisor's not talking to you about this kind of stuff or you have these kinds of questions, 661-847-1000, that's what our number is. We want to try to help people like be more efficient with your gifting. If you're already tithing to a church, if you're already giving to organizations, there might be a way. If you're 70 and a half, you have, well, you don't have to do RMDs, a lot of you until 73, age 73. When I say RMDs, I'm talking about required minimum distributions. So, and, and not to bore you with some of the, the boring facts, but if you do gift over $19,000 or it is reportable, all that happens is when you file your taxes that year, you have to file Form 709. Your tax professional will know this.

• 13:38Speaker 02

  You file it with your tax return. The amount over that $19,000 or whatever that is, that five grand or whatever, it becomes part of your estate ledger, like I said. And hopefully you are a person that's going to deal with a $30 million plus estate.

• 13:54Speaker 03

  I am El Niño. All other tropical storms must bow before El Niño. Yo soy El Niño. For those of you who don't habla español, El Niño is Spanish for the niño.

• 14:16Speaker 03

  Well, that came up because I'm kind of a bit of a weather nerd and I was unaware of just how hammered Hawaii, or bless our listeners in Hawaii.

• 14:27Speaker 02

  Three feet.

• 14:28Speaker 03

  Three feet of rain predicted with this, this third hurricane of the season, which equals, I want, I just read it. It was basically 10 years worth of hurricanes they've had in this year. So for the El Niño doubters out there, you better watch yourself because I predict it's going to be bigger and badder than 97, 98. When I was telling a story about being with Brian and Sean and Kevin, I won't mention their last names, but we went over to Carpinteria and we're mudding out in the orchards in Brian's dad's Montero. It was a great time, great time.

• 15:07Speaker 02

  Did you hear that, Murf?

• 15:09Speaker 03

  Nope. He was on, he was on with us recently.

• 15:11Speaker 02

  Yeah. Well, if he listens to the podcast, he just found out, did he know about this story?

• 15:15Speaker 03

  Uh, WhatsApp?

• 15:19Speaker 02

  All right. So, uh, next comment that came in said, probably a horrible time to refi, but will it be harder or more costly to get a loan?

• 15:29Speaker 02

  What's your thoughts?

• 15:30Speaker 03

  Well, my thoughts were initially, I said, well, why would you refi? And you made the point, hey, silly Seth, if you want to maybe lower your payment, you can do that. But right now to, I'm, I'm wondering, why would you want to refinance? Whoever sent that in, because you probably have a rate that's lower. They just raised rates again. Ten-year rate is over 5% again, add two to that. So you're going to be looking around a 7% mortgage.

• 15:55Speaker 02

  Yep.

• 15:55Speaker 03

  Beefy.

• 15:56Speaker 02

  So, so you, you, I mean, the, the message that came in said, probably a horrible time to refi. So definitely aware of the fact that the interest rates are going up. But if you do find yourself in a situation where you're having to refi, you're going to spread out your payments for a longer time. You're going to pay more in interest over time, but if that's what has to be done because of cash flow situations. And technically it is a little bit harder, could be a little bit harder to get the refi because of that fact, because the risk, because the interest rates are higher and those kinds of things.

• 16:32Speaker 02

  So depending on your situation, if, if, if you're struggling with cash flow and you're going to a bank and saying, hey, I want to stretch out my payments because I'm struggling with cash flow. Well, a bank is going to look at the numbers and probably go, this is a little bit of a higher risk.

• 16:46Speaker 03

  Yeah.

• 16:47Speaker 02

  So interest rates are going to be higher. So it could be a little bit harder. So just depending on your situation, it can be a little bit of a more difficult time to get a loan. It is more costly because interest cost is what you're talking about. And if interest rates are higher, it's going to be more costly. And it always costs to refinance. And so that's why sometimes when the interest rates go down, yeah, when interest rates go down, it can make sense because you're getting a lower rate. So even though you're paying a little bit, you're getting a lower rate. So, but if you do find yourself in a situation where you have to, yeah, unfortunately there's just some additional expenses you're having.

• 17:20Speaker 03

  And if you want to go voice to text and just tell us, you know, income, debt, debt, bills each month, that kind of thing, then we'd be happy to read it off. And then can give you a good idea on what you might look to expect.

• 17:33Speaker 02

  There you go. Hey, let's, uh, let's jump on this one as well because I, this is a, this is a wonderful comment and I'm so sorry about their loss, but listen to this. This is, hey, Money Wise guys, so my mom passed away in 2023 and settling everything without a trust was a nightmare. My wife and I own our home and have two grown children. My question is, if we were to set up a trust, does that mean our kids can avoid probate completely? And will they still have to pay taxes on what we leave them? Sorry about your loss, but my, but 100% the whole point of estate planning and having a good estate plan in place is to avoid probate at all costs.

• 18:18Speaker 02

  Even a good estate plan will have like what's called a pour-over will where even if you have to go through probate, it's going to make it as quickly and as painless as possible. But yes, a good estate plan, and if you address everything in your planning process, you should be able to avoid probate because you put together a living trust that will identify what happens to your real estate. You said you own your home, so you'll be able to pass that on to your beneficiaries without having to go through probate. And then any other assets you own, any other accounts, bank accounts, investment accounts, whatever they are, you should be able to identify beneficiaries on those accounts.

• 18:59Speaker 02

  Identify the trust as the beneficiary is one way to do it or to actually have the trust itself own the account. So you open up an investment account in the name of the trust or you open up your bank accounts in the name of the trust. Either way, the beneficiary being the trust or in the name of the trust, that is that fancy word used that, that it's funded. The trust owns it. And so, um, yes, you should be able to completely avoid probate. You should be able to have all your wishes down there. And the other added bonus of giving, uh, getting a living, uh, trust in place is the power of attorneys is usually a part of that.

• 19:37Speaker 02

  So if you're incapacitated, if you can't act, if something happens to you, who do you want to have financial power to act on your behalf? If you're still married, maybe it's your spouse. If it's, you know, it gets more and more important if you lose a spouse or if something happens to both of you.

• 19:55Speaker 03

  Digital assets too. They'll lock up your Facebook account, they'll lock up a lot of your different accounts. And without that in writing in a trust, it's going to be hard to get back into, into those accounts.

• 20:06Speaker 02

  Yep. And then also the medical power of attorneys. So again, who's making the choices if you have medical concerns? And it, it seems like an overwhelming process, but once you get it all in place, it's, it's a huge relief.

• 20:19Speaker 03

  It's not the funnest process per se because you're talking about end of life and oh man, this is awful. But once it's done, you rest a lot better at night knowing these things are in place for your family. I do. We waited and we drug our feet until last year, got ours dialed in and I haven't had to worry about it yet.

• 20:36Speaker 02

  Yep. And then the one, uh, the one thing I will say that sometimes the mistake that can be made is you do get it in place, you feel great. And just like all of life, you blink and 10 years passes.

• 20:49Speaker 03

  Yep.

• 20:50Speaker 02

  You should address it. You should review it. You should maybe sit back down with an estate planning attorney.

• 20:56Speaker 03

  Any life change, moving, buying a property. Um, I'd say sit down and at least go through it once a year, but maybe have an attorney look at it or have it reviewed by a financial planning firm every four or five years. But if you move out of state, you have to have the local attorney in that area review it because. Uh, California's probate code and everything is completely different from many of these other states. And so they'll have to, to, uh, it's not an amendment, it's a restatement, Chris, which one is it?

• 21:26Speaker 02

  What a restatement is, uh, if you redo the whole trust, but you keep the same name.

• 21:31Speaker 03

  Yep.

• 21:32Speaker 02

  Which a lot of times it's, it's wise to do because, um, just talked to, I actually talked to a retired, uh, lawyer the other day. Very, very insightful and, um, is trusts were not meant to be like indefinite. They weren't meant to be forever. There are trusts like over in England and stuff that they call like emperors trusts. And it's like, it's, this is for like a hundred generations.

• 21:56Speaker 03

  Oh, wow.

• 21:56Speaker 02

  And, and, uh, they weren't necessarily meant to be that. And so anyways, language changes, verbiage changes, laws change. You want to have it reviewed. So sometimes people will do a, a restatement where you're redoing your trust, but you keep the same name, which means you don't have to change anything at the banks and with your accounts and with the title of your property and all that stuff. Uh, but, but another way to address changes is an amendment. You just add another amendment to it. You usually get it notarized and stuff, but.

• 22:25Speaker 03

  And if you've done that, you want to keep all of those documents together.

• 22:28Speaker 02

  Right.

• 22:29Speaker 03

  Also share with your loved ones, especially when you're getting a little bit older, sixties, seventies, eighties. You definitely want to start sharing that information. You don't need to go through all of the, all of the details, but definitely let them know where the documents are and the overall big picture of, of what you want your wishes to be.

• 22:47Speaker 02

  Yeah. And, uh, one of the things is, is if you're, if you're working with a financial advisor, um, you know, hopefully you're having some of these discussions. So sometimes, you know, the cost of working with an advisor, um, we always talk about the cost of, of making that investment to work with an advisor is, is if you're getting value out of it, if.

• 23:04Speaker 03

  What's the cost of not?

• 23:05Speaker 02

  Right.

• 23:05Speaker 03

  If you're getting good financial planning, actual planning.

• 23:09Speaker 02

  Right.

• 23:09Speaker 03

  Not just, uh, hey, we're trying to get the best returns we can. No, that's not, that's not what we do.

• 23:14Speaker 02

  Yep. So looking over the cost, uh, or looking over your estate plan and trying to help you make sure that everything's in place. Uh, avoiding family drama or family friction and avoiding family taxes. And some, there's some ways that you can be strategic on both of those fronts. And so yes, it might cost a little bit to work with an advisor, like one of the advisors here at Money Wise, but, um, if they're helping you avoid family friction and they're also making some strategic moves to maybe be a little bit wise with taxes, not only in your lifetime, but also in the handing off of your wealth, uh, to your kids, grandkids or charities, or whatever it is that your wishes are. Um, it's just a wonderful way, uh, to actually have a, a really good relationship with, with an estate plan.

• 23:58Speaker 03

  I gotta sneak this in. This, this is just, this is insane. There were some guys that pretended on September 19th, it was reported. They attended, they pretended to be FedEx. They had a truck with fake credentials, fraudulent shipping documents, everything. They just rolled up to a Delaware warehouse and picked up a shipment of $680,000 worth of electronics.

• 24:21Speaker 02

  Jeez. There you go. Yeah. Good for them. I guess. Poor, poor, uh, people. So your packages might not be showing up. Hey, stick around. When we come back, we are going to be joined by Rick Montoya and we're going to learn a little bit about where he's at in his career and what he's been doing here local. Stick around. We'll be right back.

• 24:44Speaker 02

  That's right. Welcome back to the Money Wise Show. Steven's picking, uh, music, I guess.

• 24:49Speaker 03

  Love it, brother.

• 24:50Speaker 02

  Cause he knows me and Mr. Rick Montoya's, uh, era, right? This is when me and Rick were, uh, into our rap game back in the day. So again, uh, Rick is owner, CEO, DPT. What is that?

• 25:05Speaker 04

  That's Doctorate of Physical Therapy.

• 25:07Speaker 02

  Boom.

• 25:07Speaker 04

  Boss, dude.

• 25:08Speaker 02

  Montoya, physical therapy and wellness. Born and raised here in Bakersfield, attended Garris and St. Mary's College. Did you play sports?

• 25:18Speaker 04

  No.

• 25:19Speaker 02

  Not, not in college?

• 25:19Speaker 04

  Not there.

• 25:20Speaker 02

  No? No, but you're still playing now?

• 25:22Speaker 04

  Still playing now.

• 25:23Speaker 02

  Yeah, active.

• 25:24Speaker 04

  Today. My knees are hurting already.

• 25:27Speaker 02

  Awesome, man. So, uh, so yeah, why don't you, uh, share a little bit about your story? You went to St. Mary's. You knew right off the bat that this is what you wanted to do or how did, how'd you grow into this?

• 25:36Speaker 04

  Not at all. I started, uh, computer information systems at Arizona State and, uh, realized that I did not want to work in a cubicle for the rest of my life. Um, and then kind of stumbled upon, uh, kinesiology through like an anatomy class. It's not like a super exciting story, like where I got injured in sports and then, you know, my therapist.

• 25:54Speaker 02

  Changed your life.

• 25:55Speaker 03

  Catching the game winning touchdown.

• 25:57Speaker 04

  Yeah, right. Yeah. Yeah. Kuz never put me in the fourth quarter, otherwise we would have won. Uh, yeah, just, I took a class. It was like one of the first college classes that I liked and, uh, I was like, what can I do with this? And kind of looked into physical therapy and, um, my parents have always been big supporters and so we kind of went down that path and, uh, went to Mount St. Mary's down in LA and got my doctorate there. It was like one of the first schools that were offering doctors at the time. Uh, 2008 graduated and here we are.

• 26:28Speaker 02

  Yeah. And so, uh, what brought you, did you, uh, always think you'd come back to Bakersfield or what were the thoughts there? That's usually not the, uh, the plan.

• 26:36Speaker 04

  No, man. I was living in Culver City. Uh, I had a place lined up. I was, uh, doing my last rotation in Torrance and I had a place, uh, in Redondo that I was getting ready to, uh, rent. And then, um, the housing market happened. And the place where I could probably buy a house was Bakersfield and my family's still here. My sister still lives here. Um, and I'm super tight with them. So I was like, let's move back, move back to Bakersfield.

• 27:02Speaker 03

  Way better in Redondo.

• 27:03Speaker 04

  Oh, yeah. The weather here is incredible. Yeah. The breeze.

• 27:06Speaker 03

  Kush.

• 27:08Speaker 02

  So funny. Uh, you mentioned Culver City. A lot of people don't know about little Culver City and, and, uh, in my career path, uh, my dad was a firefighter and there was a short stint that I thought maybe I would switch over to firefighting. And so one of the first firefighting tests I took was Culver City. And this was back when there was like 30,000 people competing for like 12 jobs of firefighting in California. So I went and took that test and I passed it. I'm like, I'm going to be a firefighter in Culver City, not realizing I'm, I'm one of like 12,000 people. But anyways, yeah. So I'm like, I'll just commute back and forth to Culver City or maybe we'll move there and.

• 27:43Speaker 03

  And you're running, you're running the show now, man. Like you, you got Montoya Physical Therapy.

• 27:48Speaker 02

  Mm-hmm.

• 27:48Speaker 03

  And when I look down at those hands, man, I, I blush a little bit because you've helped me through, you've helped me through two back surgeries. So.

• 27:55Speaker 04

  Thank you for giving me a shot. Yeah. We're, it's getting busier and busier every year. So it's been, it's been a blessing for sure.

• 28:01Speaker 02

  Yeah. Is pickleball keeping you guys busy?

• 28:04Speaker 04

  Pickleball, uh, I mean, any kind of like weekend warrior sport, you pick it. Yeah. We got some, there's some good gnarly stories with pickleball and.

• 28:11Speaker 03

  Give us one or two. Give us a zinger.

• 28:13Speaker 04

  Like pickleball or just in general?

• 28:15Speaker 03

  In general.

• 28:16Speaker 04

  Oh, uh, non HIPAA related. Uh, there was an individual that, this is probably the most painful story that I've heard in a while. So it'd be a little cringy. Uh, this lady was stepping out of the shower without a bath mat. Um, she was in her mid sixties, um, had never done the splits until that day. And did the splits on the shower door ledge and it, uh, what we call like an avulsion fracture. So she fell on her butt bone and it pulled the hamstring off the bone.

• 28:48Speaker 03

  Oh my Lord. Yeah. That was painful.

• 28:51Speaker 02

  Yeah.

• 28:52Speaker 04

  We've some rough ones.

• 28:53Speaker 02

  Yeah. So we, we hear, you hear all these statistics right now about, you know, like CrossFit and, and, and pickleball, like keeping physical therapists busy and all this stuff. So like, in your opinion, it's like, I look at it like it's kind of like a double edged sword because people are getting active and you want people to be active and all that stuff. And like, people almost act like that's a horrible thing that, uh, unfortunately people are injuring theirs, themselves. Obviously you want them to do it wisely. You want to try to avoid injury and all that stuff. What is your opinion as a physical therapist? I know that you would not be a person that wants people to get injured just so that your business would boom. It's, it's part of being active. It, it happens. What's kind of like your mentality towards some of these things that are good to see people getting moving?

• 29:38Speaker 02

  What's your advice to people that are getting moving? I know that you don't want to just have your business boom. So you want people getting hurt. I know that's not the.

• 29:43Speaker 04

  Right. But like you said, it comes with the territory. So if you're going to be active, more than likely at some point you're going to get injured. The best, your best option is, is to stay active and do some sort of strength training to keep yourself, uh, able to do whatever it is you want to do, like pickleball or, you know, youth sports right now is going through the roof. So like travel ball, baseball, soccer, like all those things are great if they're staying active, but you got to do stuff that's going to kind of keep you, um, like cross training. You know, like you can't just play soccer 11 months out of the year. At some point, you, something's going to give. So, um, just staying, I'd stay well balanced, like everything in moderation, right?

• 30:23Speaker 02

  Yeah.

• 30:23Speaker 04

  The story of life.

• 30:24Speaker 03

  A lot of these pros getting hurt. And am I right, Steve, that the, the frequency is going up? Is it because it's just that much more intense or they just, are they not taken care of as much?

• 30:35Speaker 00

  For a while was it turf? Personally, I, I think it's the turf and the, the separate of that. And I also think it's the, the, the new rules that they can't practice as many times with pads. So, you know, we've been through two weeks of football and we've had more than five quarterbacks drop.

• 30:51Speaker 03

  Jeez.

• 30:51Speaker 04

  All on my fantasy football roster.

• 30:55Speaker 02

  Yeah, you got a little tear right here.

• 30:56Speaker 03

  Yeah, a little.

• 30:57Speaker 04

  It's permanently. I'm a Dolphins fan, so it's always there.

• 31:00Speaker 03

  Oh, that's something you guys share.

• 31:01Speaker 02

  So now, now we truly know why Rick's on the show.

• 31:04Speaker 03

  Here we go. Here it comes. All right. So Chris and I are checking out.

• 31:07Speaker 02

  Yeah. Huge Dolphin, Miami Dolphin fans since Dan Reno days. So we know why he got the invite. He got called on the show.

• 31:14Speaker 00

  Let's move on. We have nothing to talk about.

• 31:17Speaker 02

  Yeah. So would you say one of the common theme that you see is, is people that like, kind of go in and out of, of health. So like entering back and getting back out there and they can't do what they used to do. Like, is that, is that kind of something that you see? Like they jump right back into, well, I played pickleball for a couple of years, took a break, get back out there. Is that kind of the common thing?

• 31:38Speaker 04

  That's, that's, that's, that's a demographic. That's part of like the 40, 50, 60 year olds for sure. Uh, but then you have like, like youth sports where they're not, you don't really do baseball, football, you know, and basketball anymore. There's not those three letter, those, those three letter sports players anymore. It's like, you've got to focus on a single sport, you know, 10 years old.

• 32:00Speaker 02

  Yeah.

• 32:00Speaker 04

  And so, uh, again, going back to like mixing things up is great. You talk to like some of the, the NFL execs or the scout, the scouting reports, they want athletes on their team. Like the NFL is looking for athletes, kids that play multiple sports, not just play football. So it's, I think it's, it's mixing it up is good.

• 32:18Speaker 03

  So what do you tell the guy who's 46, doesn't have a lot of hair left?

• 32:23Speaker 04

  Hypothetically?

• 32:23Speaker 03

  Hypothetically, used to be a beast. That's where we met in CrossFit. We met in CrossFit and I was that guy that didn't listen to his body and, and severely herniated a couple of discs, blah, blah, blah. I, I have the fire, man. I want to go out and like compete at the highest level, but I'm having a hard time finding the motivation lately to walk, literally, and the time with the kids, it's so busy, work, et cetera. So what are a couple of tips you can give someone? And then I sit, the majority of the day I sit. And I, these are just, they say sitting is the new smoking. So what advice do you have for someone like me?

• 33:00Speaker 04

  Not, not you.

• 33:00Speaker 03

  Not me though. I'm asking for a friend, right?

• 33:03Speaker 04

  Yeah. Uh, switch this desk to a standing desk. That'd be, or a desk that could actually adjust. That'd be one thing. Uh, you got to find something that you enjoy doing. The motivation isn't there. You got to find like whatever that thing is. It's, if it's not CrossFit anymore, because I probably would die if I would do, to try and do that again. Uh, but finding something you enjoy doing and do it. You're going to have to sacrifice something, whether it's time, you wake up at four in the morning and, and knock out a workout from 4:30 to 5:30, before the kids wake up. That's what Kelly and I do.

• 33:33Speaker 03

  When do you go to bed though?

• 33:35Speaker 04

  Uh, lately now that youth sports is, is in my life, probably nine, 30, 10. So I'm working on.

• 33:43Speaker 03

  You're getting six hours.

• 33:44Speaker 04

  Six hours. Yeah.

• 33:45Speaker 03

  So you get up at four, you're out of there at 4:30?

• 33:47Speaker 04

  Yeah, like I was up at four, played basketball at five, five to six 30 and then start the day.

• 33:53Speaker 03

  Who's out balling at 5:00 AM?

• 33:56Speaker 04

  There's a good group.

• 33:56Speaker 02

  Serious, serious question. You Duncan?

• 33:59Speaker 04

  No.

• 33:59Speaker 02

  Not at all?

• 34:00Speaker 04

  No, you got a credit card under my feet.

• 34:04Speaker 03

  Where do you guys play? Is it at your gym or at the park?

• 34:07Speaker 04

  Uh, Green Acres.

• 34:08Speaker 03

  Oh, that's awesome. Right on.

• 34:09Speaker 02

  Is there like a good group that goes out there?

• 34:11Speaker 04

  Yeah, it's good. I just started. I, full disclosure, I tore my plantar fascia like a year and a half ago playing. So everyone gets hurt, you know, I'm even, the therapist getting hurt. Uh, but it took me a while to recover from that. And I just started like three weeks ago.

• 34:24Speaker 02

  Yeah.

• 34:24Speaker 04

  Back at it.

• 34:25Speaker 02

  Yeah, I love it. I used to play out there with, there was a good group, Chevron and Era guys and stuff that still out there.

• 34:31Speaker 04

  Yeah.

• 34:31Speaker 02

  Yeah. And the funniest story was I was out there, I was out there with my cousin and, and he did like a layup or something and his, his arm popped out a socket and it stuck out a socket and he's a strong guy. So it was like stuck. It was, I have a picture of him when he finally got pain pills and it was, it was a hilarious morning. Um, but one of the things I was going to ask you, uh, on the business side of things and like how it works, because some people might be hearing what you're doing. So like, how much of what you do is like insurance? How much of it is people that are coming in and paying like out of pocket? And like, is there like a mix of how you run your, your office and stuff? You don't have to divulge like all kinds of info, but kind of talk a little bit about the business side of a, of a physical therapy place.

• 35:14Speaker 04

  Yeah. So, um, we set our business plan up a little bit differently than some of the, our competitors. Um, we do have, there's a, there's a cash basis that, that we do have, but I would say 90% of our patients are going through some form of insurance, uh, provided by a doctor's referral. And then we just have to keep that referral current for the time that they're a patient of ours.

• 35:38Speaker 02

  So just addressing whatever the insurance questions are, and as long as they're doing something that's improving and those kinds of things.

• 35:45Speaker 04

  Exactly. They're trying to show, they, they want you to show them that they are showing signs of improvement. Um, that, that's a whole nother topic is going over like their regulations for like how, how a patient is perceived as doing better. Or, um, unfortunately they, they don't want to pay for athletes to get back to sport. They want them to get back to walking and doing everyday life things. And then that's when the insurance gets cut off.

• 36:08Speaker 02

  Yeah.

• 36:08Speaker 04

  It's kind of a, you know, kind of a game you have to play with them. But, um, yeah, the business side is, is, uh, it's, it's definitely more insurance based, which puts some handcuffs on us a little bit. Um, but I don't know that Bakersfield is a great market for cash based insurance or cash based programs.

• 36:26Speaker 03

  What I loved about you guys when I went in is this, there's no egos, you know? I've been to some other places in town and they're just, they're just rude or they, I hate their job or something. I don't know what. But everybody was great. The, the couple of times I've been in there, the two rounds of times I've had to be.

• 36:40Speaker 04

  Yeah. Our employees are incredible.

• 36:42Speaker 03

  Yeah.

• 36:42Speaker 04

  Uh, the one thing I think I've done pretty well is hiring. And so we have some great personalities in there. And it's like, uh, I joke around and say it's like a barber shop in there because you, people are talking, talking smack and, um, there's music. I mean, great music going on. That's what I think. But, uh, and everyone's having a good time and joking around. So, and getting stuff done.

• 37:02Speaker 02

  And I, we haven't got to hang out a whole lot lately, but I do think I have your logo golf ball on my wall.

• 37:07Speaker 04

  Do you?

• 37:08Speaker 02

  Yeah. It was JJ's?

• 37:09Speaker 04

  Yes, sir.

• 37:10Speaker 02

  Yeah. You, you were generous to JJ's legacy and, and, uh, so very, very cool view. Awesome logo, by the way. So it's on a logo ball. So I threw it up on the wall in the, in the old shop. So, yeah.

• 37:21Speaker 03

  So who's better? Who was better at baseball? I just kind of know. You guys played, you played at a high level. You guys were all-stars.

• 37:28Speaker 02

  All-stars. I mean, that, that says.

• 37:30Speaker 04

  That's huge. Yeah. Little league all-stars. That's the apex.

• 37:33Speaker 03

  Did you guys, uh, go out to Cooperstown?

• 37:35Speaker 02

  Southwest baseball all-stars. I mean, no, this was before, like we were, we were right before like travel ball even really became a reality. Our all-star teams and stuff, like when we traveled, it was super competitive. It was all-stars against all-stars. And it was right after us was when all of a sudden like travel ball started to take off a little bit and stuff. So I actually really appreciate like my childhood. It was competitive, but it was rec ball that everybody still was playing rec ball.

• 38:00Speaker 04

  Yeah. I think the Royals came, the KC Royals, remember that?

• 38:03Speaker 02

  Yeah.

• 38:03Speaker 04

  Yeah. They came right after us.

• 38:04Speaker 02

  Yep.

• 38:05Speaker 04

  And we played different positions too.

• 38:06Speaker 02

  Yeah.

• 38:07Speaker 04

  That's awesome.

• 38:07Speaker 02

  Yeah, it was fun.

• 38:08Speaker 04

  He's definitely a better hitter though.

• 38:09Speaker 02

  Very, very, very thankful for all the people that, and we just had, uh, Corey Davis on the other day that's rebuilding the, uh, the Diamond Village, uh, all the Northwest fields.

• 38:19Speaker 04

  Oh, cool.

• 38:19Speaker 02

  They took over management of those from the county and, and, uh, and so he has a nonprofit and they do, uh, they do baseball things and stuff. So, and, and there was kind of some misunderstanding that, that, that they, that they were going to get rid of rec ball. And he's like, no, like we, every, we still need to have rec baseball. Like it's not all about just travel ball, but it's nice to have synergy between the two so that we can have a great place to have, uh, and for the economy, for our local economy. He's having a, I think one coming up here that there's like 60 teams or something. And almost all of them are coming from out of town to come and stay here and spend money in our town. And it's great. Like we, we want that. So.

• 38:56Speaker 03

  You guys got a little sympathy here. Listen up. Poor Dolphin fans haven't been good since I was growing up, but it takes a real fan to stick with the team after all these years. I injured my back after 25 years of plumbing. Uh, I feel your pain, brother. And I have heard great things on your guest's spot. Okay. Um, I am 63 and trying to get moving around these days, but I don't want to push it too hard. Any suggestions on how to start up to help with back injuries?

• 39:27Speaker 04

  That's a loaded question.

• 39:28Speaker 03

  Very loaded. Uh, while your brain is processing, I have one. So someone told me if, if you're going to make it into the gym, uh, the very first thing you do, even before you stretch or anything is put it on like a, a six, five or six incline and walk as quickly as you can without hurting yourself. But just really just that five or six minutes at that five or six percent incline. And that, that was a game changer when I was working out.

• 39:52Speaker 02

  Yeah. Just to get things warmed up?

• 39:53Speaker 04

  Yeah.

• 39:54Speaker 03

  I was going to say, it's just something with that inflection and it, it does wonders.

• 39:57Speaker 04

  Depending on like the injury that, that dictates a lot of like what he should start with as well. But like whether it's a recumbent bike or like walking on an incline, it's like something to warm himself up. And then like slowly start getting moving. If you, if your body hasn't been moving for a minute, it's going to be super stiff. Legs and core are probably going to be a little bit weaker than they used to be.

• 40:18Speaker 02

  Yeah.

• 40:18Speaker 04

  Starting with like basic stuff like that, just to kind of get into whatever that motivating activity is.

• 40:24Speaker 02

  Yeah.

• 40:25Speaker 03

  The McGill three. Do you use that? The McGill three? It's called something like that? It's called, uh, look, look that up listener. It's, uh, I wish you had your name, but it's the McGill big three for core stability. And it's three, the super basic exercises you can do and that will help.

• 40:42Speaker 04

  Yeah. Like bird, oh, those are like bird dogs. Yeah. Those are appropriate.

• 40:46Speaker 02

  There you go. Well, right on. Well, thanks for coming on and sharing your story. Thanks for, uh, all the good work you're doing for all the folks here in, uh, our community and also your generosity towards some of the great organizations doing good work in our community. Uh, the JJ's legacy, if you don't know out there is about getting the DOT. And so a lot of people would probably donate organs, uh, to help folks out, especially if they heard some of the stories. Uh, but a lot of people just don't know and they kind of say that if you don't get it by the time you're like 18, 19, 20, you'll probably never get it. So if you don't know about it, look into it, get the DOT, look at JJ's legacy's website.

• 41:21Speaker 00

  Yeah. Lori will be here in a couple of weeks.

• 41:22Speaker 02

  Yeah. Yeah. We try to, we try to get the word out there. She's doing a bunch of work and education to high school students. And so if they can educate them young enough, uh, dispel some of the, um, myths, because a lot of times there's myths about, uh, the DOT uh, and what it means and what it doesn't mean. So, uh, but yeah, it's, it's makes huge, huge differences in people's lives. And some of the, the medical marvels that we have nowadays that can really, really change people's lives. If, if you're willing to, uh, donate some of those things, if you unfortunately find yourself in a situation where you're exiting, but some of your parts are still good. So anyways, um, but thanks a lot for joining us. Uh, I do want to, um, jump right into a conversation. You can stick around for it, Rick, if you want to.

• 42:04Speaker 02

  Uh, we had a question come in about Uber. And so we're going to talk about that real quick to bring out the show. And you might be able to bring some information towards it. So, uh, where'd that go? Seth?

• 42:17Speaker 03

  That's a good question. Let's take a look.

• 42:20Speaker 03

  I've been hearing about Uber spending a bunch of money trying to change the laws around car accidents. That was the message.

• 42:29Speaker 02

  Yeah, so what specifically might be being talked about here is Uber has been getting involved in a couple of, what are they called? SB 371. So basically getting involved, trying to limit how much they can be impacted. I don't think it's that they're trying to completely be away with, you know, not having to do it, but they're trying to limit how much lawsuits and stuff can cost Uber. They financed a ballot in 2026 that was aimed much more broadly at automobile accidents and lawsuits. The measure would require accident victims to

• 43:11Speaker 02

  retain at least 75% of the recovery. It restricts attorney's fees, it increased requirements. So it's not completely that they're wanting to do away with having to pay anything. But yeah, it's just that Uber is, it's not trying to make it impossible to sue after a crash. They're just trying to put some restrictions on things being out of control. So I guess maybe a question for you is how much are car accidents part of recoveries in your facilities?

• 43:43Speaker 04

  They're a small portion of ours. We don't really deal with liens.

• 43:46Speaker 02

  Okay.

• 43:47Speaker 04

  And so just, just for the litigation purposes of that.

• 43:51Speaker 02

  Really?

• 43:52Speaker 04

  Yeah. And so we do see not cars and specifically, but other accidents. But we do get a handful of them.

• 43:59Speaker 02

  Yeah. Well, because yeah, I mean, like, it's funny, like, you know, in dealing with, you know, I don't know if you knew the story of Garrett Ellis, one of the folks that started Money Wise, had a massive stroke a couple of years ago. So we've talked about it along the radio show and he's been going through therapy and kind of a different world of therapy, a little bit, I think, than what you specialize in. But when you're talking about insurance and how long he gets to do it, he went from five days a week to three days a week. And, and so we don't even know how much longer he'll be able to do it. And so he's kind of navigating that. And then like my dad himself had a brain injury as a firefighter. And so like navigating that and stuff like that, kind of a different world. But, but physical therapy, you know, is a huge part of people's lives. But you're, you're

• 44:41Speaker 02

  more so, what would you say? How do you filter that out? Or what's the requirements then? Or something?

• 44:49Speaker 04

  So both of those cases, did your dad go to CNS?

• 44:53Speaker 02

  Mm hmm.

• 44:53Speaker 04

  Yes. So there's different subspecialties in, in PT and we do outpatient orthopedics, which is more like accidents and ankle, anything from ankle rolls to balance deficits. But we also deal, deal with some neuro cases. So we will have patients that have had strokes. Not so much traumatic brain injuries, but some Parkinson's, some dyskinesia type of situations where they're more neurological based, but they're maybe at a higher functioning capacity.

• 45:26Speaker 02

  Gotcha.

• 45:26Speaker 04

  And so that's kind of like what we would typically see in our clinic. Whereas like people that sustain like a substantial CVA end up staying in some sort of like acute care to begin with, like the hospital, and then they'll go to a rehab facility like Encompass or a place like that for a couple of weeks. And then depending on their insurance and their level of function, they'll be discharged to a different facility.

• 45:50Speaker 02

  Right. Yeah. So, so what's next for Montoya Physical Therapy?

• 45:55Speaker 04

  That's a great question. There's plans.

• 45:59Speaker 02

  Yeah.

• 45:59Speaker 04

  I don't, we're gonna, we're gonna wait to see what, what kind of unfolds in the next year or two.

• 46:05Speaker 03

  Are you still on Brimhall or did you guys move?

• 46:08Speaker 04

  We're on Brimhall and Coffee, yeah.

• 46:09Speaker 03

  Awesome.

• 46:10Speaker 04

  That medical facility back behind, for Gotti's.

• 46:13Speaker 02

  Okay.

• 46:14Speaker 04

  Yeah.

• 46:15Speaker 02

  Yeah.

• 46:15Speaker 04

  So it's, it's like a one stop shop parking lot. It's got every medical person.

• 46:21Speaker 02

  Yeah.

• 46:22Speaker 03

  Our son's hair guy's in there.

• 46:23Speaker 04

  That, that too.

• 46:25Speaker 03

  Yeah, he's a boss.

• 46:26Speaker 02

  Is it the same one where you can rent like the little spaces to do like your hair and stuff like that? Or it's a different bill? It's, it's back in there?

• 46:32Speaker 03

  It's, it's more to the west of that.

• 46:35Speaker 02

  Yeah.

• 46:35Speaker 03

  But all that, that whole complex.

• 46:37Speaker 04

  There's a solo salon in there.

• 46:38Speaker 02

  Solo salon, yeah.

• 46:39Speaker 04

  There's like Onyx is in there. Then there's like cardiac people, neuro people.

• 46:43Speaker 02

  Yeah. Well, good deal.

• 46:45Speaker 03

  And I forgot he's to top it off.

• 46:46Speaker 04

  And I forgot, yeah.

• 46:47Speaker 03

  Do you have a problem with that? Do you have an issues with leaving work? Maybe you've had a long day and you're thinking chicken parm. You're thinking.

• 46:54Speaker 04

  I'm more of a pizza guy.

• 46:55Speaker 03

  Pizza.

• 46:55Speaker 04

  Yeah. But same with Woolworths. Do you guys grab a shake and a burger on the way out of here?

• 47:00Speaker 03

  Uh, every now and again. Lots of reverb.

• 47:02Speaker 04

  Seth's got a coffee problem.

• 47:03Speaker 03

  I got a major coffee addiction to reverb, man.

• 47:06Speaker 02

  Yeah, I have somehow convinced my.

• 47:08Speaker 03

  I'm like a double day, man. Every day.

• 47:09Speaker 02

  I've somehow convinced myself that a BLT with avocados, like healthy.

• 47:14Speaker 04

  Oh, yeah. Protein.

• 47:15Speaker 02

  Yeah.

• 47:16Speaker 04

  Healthy fats in there. Yeah.

• 47:17Speaker 02

  So I just kind of disregard the bread on it. But yeah, I had a lot of burgers and fries for the first year. We've been in, we've been here for about a year. So I've, I've equated to.

• 47:27Speaker 03

  No matter how many burgers and fries we've eaten.

• 47:29Speaker 02

  I know. We should have kept, we should have kept track. We should have had like a tally, like, like who's leading the leaderboard.

• 47:37Speaker 03

  Definitely not thinner since moving to the Woolworths building. It's gone the opposite direction.

• 47:41Speaker 02

  Yeah, it's great. It's, it's really been fun being downtown and being part of the trade. We just found out about a new neighbor we're going to have in the building next door. It was a furniture store. It's now going to be the Wounded Heroes or the Portrait of a Warrior Gallery. Jeez. Portrait of a Warrior Gallery that's over, I forget, by Dagny's Coffee is going to move right over here. They're going to have all the, the portraits of the, the folks, local folks that we've lost in battle since 2001. And they pay tribute to a lot of the local Vietnam veterans that we lost and, and missing in action and all kinds of different things. And it's going to be a really neat, I think, little addition to this little neck of the woods. And you can have a great coffee and a couple of different things. So thank you very much, Rick.

• 48:24Speaker 03

  Thanks for coming in.

• 48:24Speaker 02

  For coming and joining us. Thanks for remaining a Dolphins fan so that Steven's not.

• 48:30Speaker 03

  Steve's not alone.

• 48:31Speaker 02

  All by himself.

• 48:31Speaker 03

  You are the only two I know.

• 48:32Speaker 04

  Hands up.

• 48:34Speaker 03

  They just locked eyes for a second. That was awesome. I like that.

• 48:38Speaker 02

  I'm surprised they're not.

• 48:39Speaker 04

  A tear came out again, too.

• 48:40Speaker 02

  Yeah. Thank you very much for making the Money Wise show what it is. And as always, you can always reach in 661-396-1000. Send us a message. Be smart, be safe, be money wise.

• 48:55Speaker 05

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