10/1/26 Pumps, Pennies & Paintings: Gas Prices, the Future of Money and Bakersfield Art

The Moneywise Radio Show and Podcast Thursday, October 1st 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: Gilbert Vicario, Executive Director & Curator of the Bakersfield Museum of Art website: https://www.bmoa.org/ 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. Gilbert Vicario & The Bakersfield Museum of Art are not affiliated with nor endorsed by LPL Financial or Moneywise Wealth Management

• 0:00Speaker 00

  Live from the basement inside the historic Woolworths Building in downtown Bakersfield. Call or text in at 661-396-1000.

• 0:29Speaker 01

  Securities offered through LPL Financial, member FINRA/SIPC. Investment advisory services offered through LPL Financial. LPL Financial and Money Wise Wealth Management are independently owned and operated.

• 0:37Speaker 00

  Now, let's start the Money Wise Show.

• 0:40Speaker 02

  Welcome to the Money Wise Show. We are live from the basement of the historic Woolworths Building in downtown Bakersfield. For the next hour, you are on News Talk 96.1 and 1230 AM KERN, streaming live at MoneyWiseGuys.com. You can call or text into the show 24 hours a day at 661-396-1000. We are your hosts. I'm Sharad Waite and...

• 1:04Speaker 03

  I'm Emily Waite.

• 1:05Speaker 02

  Hey, Em.

• 1:06Speaker 03

  Hey.

• 1:06Speaker 02

  We are live and we do take interactions from guests, callers. You can call or text. Texts are great. Calls are great, too. We had a good call yesterday. So, please, if you're out there listening, you've got a question or comment, please send them our way. We love getting this sort of interaction in the show. And we've got a few questions or comments now.

• 1:30Speaker 03

  Okay, great. I'm gonna, I'm gonna start with this one, Sharad. So, this message is from a listener. "Sharad, I heard you just got back from vacation trip. Happy anniversary. But I was wondering if you might have noticed if gas prices were any better outside California? I fill up here in town this week and almost needed a second mortgage. Maybe if you have the time, can you help me understand why it's so much more here in the state? Or is it just higher here? Now, I was with you on said vacation..."

• 1:57Speaker 02

  Yes, you were.

• 1:58Speaker 03

  "...because we are married and it was our anniversary."

• 2:00Speaker 02

  Yeah. Happy anniversary, by the way.

• 2:02Speaker 03

  Yeah, same to you. And so, I know you have a lot of good insight here, but I'm gonna tell you just what, what my little research popped up for me and then you can fill in, okay?

• 2:13Speaker 02

  Yeah.

• 2:13Speaker 03

  So, we traveled outside of the United States, but we made a stop in New York City. So, I can compare some gas prices to that. So, what it looks like right now, and then we traveled to the UK. Okay, so currently in Bakersfield, the average gas prices, I mean, they just listed it on the...

• 2:34Speaker 02

  630 or something.

• 2:35Speaker 03

  Yes, yes. Yes, depending on regular mid or premium, but yes, 640. And then in New York City, $4.49 a gallon.

• 2:45Speaker 02

  Which oddly enough, in New York City, I brought this up when we were just there. Like, you don't see any gas. I've never seen a gas station, or I can't remember ever seeing a gas station in the city.

• 2:54Speaker 03

  Well, of course, we were in, in Manhattan, and this is the state average.

• 2:58Speaker 02

  Yeah, yeah.

• 2:59Speaker 03

  So, you know, it might be higher in Manhattan.

• 3:01Speaker 02

  That's true.

• 3:02Speaker 03

  But yeah, that's, that's a whole different ballgame, I think. But if we were gonna compare to, now, UK has a different, like, octane and there's different things involved in that. But if we were gonna compare it as apples to apples as we could, this is what it would look like. Bakersfield, $6.63, New York City, 502, London, 873.

• 3:25Speaker 02

  Yep.

• 3:25Speaker 03

  Scotland, 877.

• 3:27Speaker 02

  Yes. I was gonna say, because we rented a car one day in, in Vernetz in Scotland.

• 3:33Speaker 03

  Yes.

• 3:34Speaker 02

  And it was just one day, and what was the name? What was it? J Coo? J, the car manufacturer?

• 3:40Speaker 03

  I don't remember. It was weird.

• 3:41Speaker 02

  Which I'd never heard of. It was, it's a Chinese brand. It was, it was, there was one problem with the car. It had this auto steer function that was driving me nuts because the roads are so narrow and it kept thinking...

• 3:54Speaker 03

  It kept thinking you were going off the road.

• 3:56Speaker 02

  It kept beeping at me and then shifting the steering wheel, which was freaky on these little narrow roads.

• 4:01Speaker 03

  It was alarming, yeah.

• 4:02Speaker 02

  But they call it the poor man's Range Rover because it looks like a little Range Rover.

• 4:06Speaker 03

  It does, and it did. It was a really, like, nice looking car, yeah.

• 4:09Speaker 02

  Super nice looking car, very comfortable, but yeah, we rented it and so we had to put some gas in it and it was about nine bucks a gallon.

• 4:16Speaker 03

  Okay.

• 4:17Speaker 02

  It got good gas mileage, but yeah.

• 4:19Speaker 03

  Well, of course, it's per liter and all that kind of stuff.

• 4:21Speaker 02

  Yeah, so you had to do some conversion.

• 4:22Speaker 03

  I, I did, yeah.

• 4:23Speaker 02

  I was trying, when I was filling up the car in Scotland, I was like, okay, this is in liters and it's in, in pounds. And so, I, you had to do several, I was too much on vacation to try to figure out all the math.

• 4:37Speaker 03

  No, no, no. Who's gonna do fast math like that? So, let me tell you what my, my little, you know, the average gal's Google search talked about. Why California costs so much more than, than other states, right?

• 4:48Speaker 03

  Taxes and fees.

• 4:49Speaker 02

  Yes.

• 4:49Speaker 03

  State fuel taxes add about 73.6 cents a gallon, among the highest in the nation.

• 4:54Speaker 02

  Yeah.

• 4:54Speaker 03

  On top of that, the state's cap and trade and low carbon fuel programs add further costs that get passed through at the pump. It's own gasoline blend. California requires a special cleaner burning formula that most refineries outside of the state don't make.

• 5:07Speaker 02

  Right.

• 5:08Speaker 03

  And then it's a fuel island.

• 5:10Speaker 02

  Yes.

• 5:10Speaker 03

  Fuel pipelines bring gasoline in from other states. So, when California refinery has an outage or when one closes, several have closed or announced closures recently. There's no quick way to bring in replacement supply and prices jump.

• 5:24Speaker 03

  How California stacks up right now, the average is a 638 a gallon, the highest in the country, against a national average of 446. So, Californians play close to $2 a gallon more than the typical American. On a 15 gallon fill-up, that's about $29 extra. The UK does put that in perspective, though, a little bit.

• 5:42Speaker 02

  Yeah, like, we're not as bad as the UK.

• 5:44Speaker 03

  Yeah, it's all relative, I suppose.

• 5:46Speaker 02

  Yeah, but their cars are a lot more efficient. We're getting there and you can, you can find very efficient hybrids and...

• 5:52Speaker 03

  How, how, is that a blanket statement or is that, is that an understood statement?

• 5:56Speaker 02

  No, it's understood.

• 5:57Speaker 03

  That cars are much more efficient in the UK?

• 5:59Speaker 02

  Yes. Well, they're smaller.

• 6:01Speaker 03

  Yeah, that's true.

• 6:02Speaker 02

  And, and they have different standards, which brings up this different dynamic where a lot of, there's like car collectors, like the American cars, because of the standards that we have here are just more, I guess, robust. And, and so, you know, the fact that California, and especially here in Bakersfield, it's, it is maddening to think that we're paying so much for gas when we're producing, you know, so much of it here. We produce an enormous amount of crude oil here.

• 6:29Speaker 03

  Right.

• 6:30Speaker 02

  But we don't have a refinery here that produces transportation fuels. So, all of the fuel that, all of the, the crude oil that we produce here has to either go down to LA or up to the Bay Area to be refined and then shipped back. So, that's just adding on the cost. So, the farther you are away from those refiners, the likely, the more you're gonna pay in transportation costs. So, that's a big part of why we're, why we're so expensive here. And then you mentioned the taxes.

• 6:54Speaker 03

  Yeah.

• 6:54Speaker 02

  The other thing is, as big, as much as the oils we produce here in California, California imports almost 80% of its crude, of its crude oil.

• 7:04Speaker 03

  Right.

• 7:05Speaker 02

  That means we, we only, 22% of the oil is, that it goes to California refineries comes from California. You have about 16% of it comes from Alaska and then about 60% of it comes from foreign, from foreign countries. And they have to, they have to ship it in. And there's the island, Energy Island that you mentioned.

• 7:26Speaker 03

  Yeah.

• 7:26Speaker 02

  And so, good job summarizing that.

• 7:29Speaker 03

  Thank you. Thank you.

• 7:31Speaker 02

  That is good information, so, good question, too, from our listeners. It's a good reminder.

• 7:36Speaker 03

  Are you ready for the other comment here?

• 7:39Speaker 02

  Yeah.

• 7:40Speaker 03

  "Hi, Money Wise Guys. I heard you guys make, make a comment about the end of pennies. I wasn't sure if this was real or not, but I've got a giant jar of them at home. Should I hang on to them, cash them in, or is my retirement officially sitting in a five gallon water jug? LOL." The reason I like this is because our entire marriage, you have had a five gallon water jug in your closet that you put change in.

• 8:02Speaker 02

  Yeah.

• 8:02Speaker 03

  And I was like, what are you doing? You never know how much money exists.

• 8:05Speaker 02

  And it's been 30 years I've been emptying my pockets into that five gallon jug.

• 8:10Speaker 03

  Well, you have taken some stuff out of it.

• 8:11Speaker 02

  Yeah, I've, I've filled it up a couple of times, I think, and I've put, put them in like bags and then... It has actually crossed my mind, just like this listener has definitely crossed my mind. I was like, someday, oh, coin is going to be obsolete and I'm gonna have all of these... This is not valid, by the way. I'll explain why.

• 8:30Speaker 03

  Okay.

• 8:30Speaker 02

  But this is, this is sort of, I've described to you, Emily, my, my upbringing of being, you know, basically raised here, I was raised here in Bakersfield.

• 8:39Speaker 03

  Yep.

• 8:39Speaker 02

  Large family of kids. I have this sort of scarcity mentality.

• 8:45Speaker 02

  You can call it...

• 8:46Speaker 03

  You've always been very frugal.

• 8:47Speaker 02

  Very frugal, but also a little, can, can you say white trash? Is that, is that inappropriate?

• 8:52Speaker 03

  I mean...

• 8:53Speaker 00

  You can say it on current radio.

• 8:54Speaker 02

  I can say it here. Total white trash in terms of our upbringing and the, the style, lifestyle that we had, I think, has fed into some of these ideas that I just refuse to sort of get out. And one of them manifests itself in this hoarding of coins.

• 9:16Speaker 03

  Okay.

• 9:16Speaker 02

  That is, you've, are witness to, that you've been very, very nice about because it sits in our closet.

• 9:22Speaker 03

  I can, I can. Confirm.

• 9:25Speaker 02

  Uh, and, and so, you know, I, I actually really got tickled by this comment and this question and.

• 9:31Speaker 03

  Yeah. Oh, I, I have some little tidbits if you're interested.

• 9:34Speaker 02

  I want to hear your tidbits and I'll give mine.

• 9:36Speaker 03

  Okay. Uh, pennies aren't worthless. They remain legal tender. It isn't being recalled or demonetized. There's plenty of them out there, obviously. The treasury estimates about 114 billion pennies are in circulation. Many of those are sitting in jars, though, which is part of the problem.

• 9:52Speaker 02

  I, I got a different number of the number of pennies in circulation. My research told me 300.

• 9:57Speaker 03

  Oh, my.

• 9:57Speaker 02

  300 million pennies.

• 9:59Speaker 03

  Significant difference.

• 10:00Speaker 02

  But that's that, you know what that comes out to in dollars.

• 10:03Speaker 03

  Is that in circulation or is that just that exists in the world? I guess that would be the same thing.

• 10:08Speaker 02

  Uh, yeah, that's a good point. Maybe it's, maybe this is in globally, there's 300 million pennies.

• 10:15Speaker 03

  Or do they have a stockpile somewhere? Does our country have like a stockpile of pennies that they have not put out into the circulation? That would account for those numbers?

• 10:25Speaker 02

  Uh, they're.

• 10:26Speaker 03

  Penny jar down in the.

• 10:28Speaker 02

  So, so how many pennies did you say there was?

• 10:30Speaker 03

  114 billion.

• 10:31Speaker 02

  Oh, yeah. 114 billion?

• 10:34Speaker 03

  Yes.

• 10:34Speaker 02

  Okay. So I actually was wrong. I, I, my research told me 30 billion.

• 10:38Speaker 03

  Oh, okay.

• 10:39Speaker 02

  Maybe, maybe this is a global versus national.

• 10:42Speaker 03

  Potentially.

• 10:43Speaker 02

  So let's assume like nationally, if there's 30 billion, it's about 300 million dollars. Sounds like 30 billion sounds like a lot, but 300 million, I mean, that's a lot of money, but it's not like.

• 10:53Speaker 03

  Yeah.

• 10:54Speaker 02

  Not huge, considering the amount of money.

• 10:56Speaker 03

  It's all relative, I suppose, yeah.

• 10:59Speaker 02

  And so, sorry, carry on.

• 11:02Speaker 03

  Okay. So, uh, consumers may see less penny change and businesses are going to start rounding cash totals once the supply dries up.

• 11:10Speaker 02

  Now, we talked about this yesterday. There's an act that President Trump just signed. It passed through Congress. Sense Act. I can't remember what it's called, the Sensible Act or something. But essentially it is, uh, uh, nationalizing when you round up and when you round down. If there's a cash transaction. It's right now. It's just like.

• 11:28Speaker 03

  Yeah.

• 11:28Speaker 02

  The wild, wild west, right? It's up to the retailers to sort of decide that. So that's going to be nationalized.

• 11:33Speaker 03

  Yeah. It says, it says the US Mint stopped making pennies for general circulation, starting in 2026 with a ceremonial, quote, "final strike" on November 12th, 2025. President Trump had told Treasury Secretary Scott Besson in February to stop minting the coins, calling them wasteful.

• 11:48Speaker 02

  It is totally wasteful because it costs like, you know, five cents to make a penny.

• 11:54Speaker 03

  It costs four cents to make one cent. The mint's cost to produce each penny rose from 1.42 cents to 3.69 cents over the past decade. And ending production is expected to save about 56 million dollars a year.

• 12:08Speaker 02

  Which is great. You know, every, every, every penny counts. Uh, it's great. You want to save money, but again, it's like, okay. Uh, I think what's more, what's, I'm much more grateful for is just like, just the fact that we're getting, moving away from the cash itself. Coming back to our trip to Europe.

• 12:29Speaker 03

  We didn't use cash ever.

• 12:30Speaker 02

  The entire time, never used cash.

• 12:32Speaker 03

  Yeah.

• 12:32Speaker 02

  And 99% of the time didn't use our card. We used our phone. And this was our experience in Australia as well. It was like, you just, you just carry your phone. Everybody pays with their phone. Which is linked either to your debit card or your credit card, but it's so convenient. I mean, no signing, nothing. It's just tap and go. The subways were that way also. So convenient.

• 12:56Speaker 03

  I know.

• 12:56Speaker 02

  Getting rid of pennies is just a major time saver. I'm guessing the amount of money that they're talking about saving isn't in how much, it doesn't include.

• 13:04Speaker 03

  It's in the production.

• 13:05Speaker 02

  Yeah.

• 13:06Speaker 03

  Yeah, of.

• 13:07Speaker 02

  You know, a nickel is worse.

• 13:09Speaker 03

  I know, I know.

• 13:10Speaker 02

  13, it costs 13 cents to make.

• 13:12Speaker 03

  I have 14 cents, but yes, significant.

• 13:15Speaker 02

  I rounded down.

• 13:18Speaker 03

  You, you learned from the rounding.

• 13:19Speaker 02

  But the treasury's losing basically eight cents for every nickel that they make.

• 13:24Speaker 03

  You know, we've done this before, though. We've done this before. We dropped the half cent coin in the 1850s.

• 13:29Speaker 02

  Yeah.

• 13:30Speaker 03

  And.

• 13:30Speaker 02

  That was a good move.

• 13:31Speaker 03

  Yeah. So who knows where this is headed like long term, but you know, pennies used to be copper too, of course, but then they, they moved to zinc, I think.

• 13:40Speaker 02

  In 82.

• 13:41Speaker 03

  Yeah.

• 13:41Speaker 02

  Which brings me to the, sort of the second part of this question, which is, is it worth saving? Because you'd think that they would become some sort of collector's item. So if you've got, if you've got a five gallon bucket of pennies, that is roughly going to translate to, let's say if that's 50 pounds. That's about a hundred bucks. 50 pounds of penny is about a hundred bucks.

• 14:07Speaker 03

  Where, where did you find that?

• 14:09Speaker 02

  Online.

• 14:10Speaker 03

  But, but.

• 14:10Speaker 02

  I just searched it.

• 14:11Speaker 03

  But where, where does the value come from?

• 14:14Speaker 02

  The, how much a penny is one cent.

• 14:16Speaker 03

  Oh, okay. Got it. This is not like a collector.

• 14:20Speaker 02

  No, no, no.

• 14:21Speaker 03

  Adjusted. Okay, gotcha.

• 14:23Speaker 02

  It's just, you know, a penny's worth one. And then if you've got 50 pounds of them, that's roughly a hundred bucks. So if you've got a 50 pound, if you've got a five gallon bucket and say it weighs 50 pounds full of pennies, you've got a hundred bucks. So if you're thinking that in 20 or 30 years, let's say it goes up to 150 dollars. May sound good. Wow, I made 50 duck, I made 50% on this, but over 30 years, that's terrible.

• 14:47Speaker 03

  So you're talking about if the value was to go up because it was a collector item. That's the assumption, I see.

• 14:52Speaker 02

  And the only way it would go up is that there was somehow, like if it went up 50% over that timeframe. It's not, that's not a good deal when you consider all the time that, and the cost of storing it. And so if you're looking at this on, from a pure money wise point of view, then what would make sense is to get rid of them and just cash them in. However, you, what I would do, and this is what I would do if I had the time or.

• 15:17Speaker 03

  Okay, I'm wondering. Yeah. Are we going to lose the bucket in the closet?

• 15:21Speaker 02

  Eventually. If I were to lose the bucket in our closet, I would first go screen it for those pre 1982 copper pennies.

• 15:27Speaker 03

  Sure.

• 15:28Speaker 02

  Because there's, there's money there. That's, because copper is expensive and I'm not saying, I think it's illegal to do that, but down the road. Whenever you got copper. Okay. So there's some value. There's other pennies like the wheat pennies, which was made from 1909 to 1958. I'm sure I got a boatload of those in all of my pennies. Um, those, that's a common example of.

• 15:52Speaker 03

  Special pennies, like the, the anniversary pennies?

• 15:55Speaker 02

  Yeah. The Lincoln cent, the Indian head cent. There's some other pennies that have unusual errors on them. There's certain key dates that if they're high grade, there's a little bit of value there. So it would take some work. I mean, doing this manually, I don't, there's got to be a way that.

• 16:13Speaker 03

  Maybe you can give it to your kid.

• 16:15Speaker 02

  Yeah. Here's a job. Go search all these pennies.

• 16:18Speaker 03

  Yeah.

• 16:18Speaker 02

  Um, and the other interesting thing is because they, they stopped making them in 2025, that some people think if you get those, that, that final mint of the 2025 penny and keep it in good condition, that maybe down the road, there could be something that was like, this is the final batch of pennies that were ever made. And so there's, and they're also talking, the treasury is going, is planning on continuing to produce pennies, but collector item, for collector's items.

• 16:42Speaker 03

  Yeah, sure.

• 16:42Speaker 02

  Special edition pennies.

• 16:44Speaker 03

  Uh, Stevie, Stevie found it for us. The Common Sense Act.

• 16:47Speaker 02

  There you go. Common Sense Act. Thank you, Stephen.

• 16:50Speaker 03

  Nice work.

• 16:50Speaker 02

  And it is, it's good. It's common sense, obviously. Get rid, get rid of the pennies. I think there's also some, they want to change what is made, what the nickel is made out of. Cause it's used to be made out of, it still has some nickel in it, which is expensive. So they're looking at maybe making out of, out of some different materials.

• 17:08Speaker 03

  But basically it didn't die because it was worthless. It's died because it's worth less than it costs to make it.

• 17:14Speaker 02

  Yes. Yeah.

• 17:16Speaker 03

  And so they need to do something about the nickel.

• 17:18Speaker 02

  They need to do something about it. Yeah. And they need to do something certainly about nationalizing the standard. Otherwise people like, I would be upset, even though it's like a few pennies, like why did you round down? You should have, you know, why did you round up? Why, where's my, where's my two cents that you owe me? Now, on digital exchanges, that's, that's fine because it's still, you, you can get, you can get credited up to the penny still digitally. But cash wise, it, you can't. The retailer's doesn't have the pennies. They can't exchange that. And so they have to decide whether or not they're going to round up or round down. So that, that definitely should be like standardized. Avoid, you know, people.

• 17:57Speaker 03

  And it's not right now.

• 17:59Speaker 02

  It's not.

• 17:59Speaker 03

  You're telling me.

• 18:00Speaker 02

  No, this Common Sense Act is what's going, is what's going to do that.

• 18:03Speaker 03

  I see. Okay.

• 18:04Speaker 02

  And it was, it was just signed yesterday. I don't know when it, when it exactly goes into effect, but I'm assuming, you know, within a few months or whatever. So, uh, so there you go. You know, if you take into account the, how much you are, you know, what the cost is for, you know, storing it and all of that. It's likely not going to make sense. However, you may be sitting on some of those scarce pennies and some of those rare pennies. So it might be worth going through that. I'm guessing there's got to be a service to other than just like your kid or your grandkid, although I think it's a great job for them. You know, hey, go scan all these pennies.

• 18:38Speaker 03

  Yeah. I gotta be honest. Like if I, if I see pennies in my life now, I just throw them away.

• 18:43Speaker 02

  You throw them in the trash?

• 18:44Speaker 00

  Oh, my gosh. I pick them up if they're heads up.

• 18:48Speaker 02

  Yeah, that's right. It's good. They're still good luck.

• 18:51Speaker 00

  I, I did learn that you can clean them with Taco Bell sauce.

• 18:54Speaker 02

  Oh, yeah.

• 18:55Speaker 00

  They look brand new.

• 18:56Speaker 03

  That is upsetting.

• 18:58Speaker 00

  Yes, it is.

• 18:59Speaker 02

  Cause what's that Taco Bell sauce doing to your gut?

• 19:01Speaker 03

  I mean, the implication is clear.

• 19:04Speaker 02

  Yeah. Um, love it. That is, that is really, really good. Uh, really good stuff. Uh, let's carry on. Any more, do we have any more questions or comments?

• 19:15Speaker 03

  No, no more, um, no more comments or listener comments.

• 19:20Speaker 02

  Okay, good. Then this gives me time to ask you about this, since you are a woman.

• 19:25Speaker 03

  Uh-oh.

• 19:25Speaker 02

  The Forbes, uh, came out with a list of its, of its, uh, 10 richest women in America this year.

• 19:32Speaker 03

  Yeah.

• 19:33Speaker 02

  I don't know if you had the time to look at the list.

• 19:35Speaker 03

  I did. Yeah.

• 19:35Speaker 02

  Okay. So I, I did also, I looked at the list and I have to be honest, I only recognized two.

• 19:43Speaker 03

  And you're surprised by this?

• 19:44Speaker 02

  I'm very surprised by this. I'm surprised by it.

• 19:47Speaker 03

  Why are you surprised by this?

• 19:49Speaker 02

  Um, because I thought that I would just recognize more of them.

• 19:53Speaker 03

  Uh huh.

• 19:54Speaker 02

  And not, I'm not surprised that there's only, I guess, there aren't as many, uh, women as there are men. That's like, that's.

• 20:03Speaker 03

  Yeah.

• 20:04Speaker 02

  That makes, that makes sense, more sense. But the, I am surprised that I only recognized a few. How many did you recognize?

• 20:11Speaker 03

  Oh, I, I didn't recognize very many, but you know, I don't live in the same world that you do. But however, uh, what I was questioning is like, why are you surprised? Because, um, you know, we, just the general world that we live in on what kind of.

• 20:29Speaker 03

  Knowledge and awareness we have of women compared to men. That's what I'm talking about.

• 20:33Speaker 02

  Yeah, and that there is some interesting facts in there. Like 80% of the women on the Forbes Rich List were inherited their money.

• 20:42Speaker 03

  Right.

• 20:42Speaker 02

  They inherited their wealth. They're not self-made. So it's roughly 20% are self-made. It's the exact opposite on the full, with men. 80% of the men are self-made. Only 20% of them inherited. Now, I'm not, obviously, that is-

• 20:57Speaker 03

  Yeah, there could be an implication there or some type of a takeaway that people would take away from that.

• 21:05Speaker 02

  Yes.

• 21:06Speaker 03

  What is your takeaway from that?

• 21:07Speaker 02

  My takeaway is that we have a long ways to go to make sure that the other half of the population is in a position where they can excel.

• 21:18Speaker 03

  Good answer.

• 21:19Speaker 02

  And they can, and they can produce-

• 21:22Speaker 03

  Yes.

• 21:22Speaker 02

  To the, to the level that men are producing.

• 21:25Speaker 03

  Yeah.

• 21:26Speaker 02

  And because then, guess what? Guess who benefits? All of us.

• 21:31Speaker 03

  Indeed.

• 21:31Speaker 02

  Not just the women, not just the half of our population, but it lifts the tide for all of us. And there definitely should be efforts made into figuring out why is this happening? And what can we do structurally? The other, the other fact, this is kind of not, not a part of this list, but the, the fact that women are far more educated than men. And, and those that are getting advanced degrees. And this has been going on for, I believe, at least a couple of decades. And so you, you would think that, that we would be seeing some improvement, but education doesn't necessarily always translate into wealth.

• 22:08Speaker 03

  Well, certainly, especially when there's gender biases involved. Like, that's, that's a whole other topic that we could spend a lot of time on.

• 22:15Speaker 02

  Yeah.

• 22:15Speaker 03

  What I thought was interesting is that it's apparently the toughest year ever to get into this list. You needed at, at minimum 4.4 billion to make this year's Forbes.

• 22:25Speaker 02

  Or you're not even the top 100, unless you've got over 4.4 billion.

• 22:30Speaker 03

  Yes. And that women still held all 62 of their spots from last year, so nobody dropped out.

• 22:36Speaker 02

  Yes, and they also increased their total wealth went from 872 billion to 954 billion.

• 22:46Speaker 03

  That's right.

• 22:46Speaker 02

  That's a significant increase. I'd be curious, do you know how that compares to the men?

• 22:51Speaker 03

  I do not. Do you?

• 22:52Speaker 02

  No.

• 22:53Speaker 03

  Oh, we should find out.

• 22:54Speaker 02

  We should definitely find out.

• 22:56Speaker 03

  Do you know who the top person is?

• 22:58Speaker 02

  Yes, and this is who I would have guessed.

• 22:59Speaker 03

  Okay.

• 23:00Speaker 02

  Is, is a Walton.

• 23:00Speaker 03

  This is who you did recognize, which I did as well.

• 23:02Speaker 02

  Yeah, that's who I would have guessed. It's Alice, Alice Walton is part of that, of the Walton, uh, fam- Walmart family. They're always on, on the top list, her and her other brothers or cousins, you know, they're, they're always up there. And then, you know, the other number two is Julia Koch. Again, part of the Koch Industries. I think there's two, number two and number eight are both part of Koch Industries.

• 23:27Speaker 03

  But you know, it's a significant jump between Alice Walton, she's 118 billion, which is about 33 billion more than the second person.

• 23:38Speaker 02

  Significantly more.

• 23:39Speaker 03

  Yeah.

• 23:41Speaker 02

  Jaclyn Mars, this is, I, this is one that I should have thought of, but it didn't come up to my mind, a part of the Mars Candy, uh, family and legacy. Abigail Johnson is part of Fidelity.

• 23:54Speaker 03

  Melinda Gates, I recognized her.

• 23:56Speaker 02

  Melinda Gates and Mackenzie Scott.

• 23:58Speaker 03

  Yep.

• 23:59Speaker 02

  Those are, you know, Mackenzie Scott is a fascinating case study because she's essentially given away, I think, most of her wealth. And she's still sitting at almost 30 billion, but incredibly, incredibly engaged in philanthropy. And it's been her, you know, it's been her go. Same thing with Melinda Gates, 34 billion, she's number six, so.

• 24:23Speaker 03

  So you know, the oldest woman on the list is 95 years old.

• 24:26Speaker 02

  Uh, which one is that?

• 24:27Speaker 03

  Annette Lerner, widow of real estate developer Ted Lerner.

• 24:31Speaker 02

  Lerner? Oh, interesting.

• 24:34Speaker 03

  Uh huh. She's 95, and that's 56 years older than the youngest. M O Die, M O Die?

• 24:42Speaker 02

  Yeah.

• 24:42Speaker 03

  Anyway.

• 24:43Speaker 02

  All right.

• 24:44Speaker 03

  But, you know, together they're worth nearly $1 trillion.

• 24:47Speaker 02

  We're gonna take a quick break. We're Money Wise, we'll be right back.

• 24:57Speaker 02

  Thanks for tuning into Money Wise. We're your hosts today, I'm Sharad, that's Emily, 661-396-1000, that's the number you can call or text at any time. It'll take a minute here, and we're joined by our guest. Guest is Gilbert Vicario, Vicario, right? And he's Executive Director and Chief Curator for the Bakersfield Museum of Art. The reason why we have, you know, sometimes people ask us, why do you guys, why, why you, we have certain guests on that people are going, this is not related to finance or money. And I will always push back on that, especially when it comes to art.

• 25:32Speaker 03

  That's right.

• 25:32Speaker 02

  Because art, art provides this fuel to, to an economy globally, nationally, and certainly citywide. There is, there is an enormous economic benefit to art, even if you don't like art, which is weird to me if you don't like art. I think if you don't like art, you don't know what art is, but if you don't have any interest or passion for art at all, I would, I would push back and I would say, that's fine, but you're benefiting economically from it.

• 25:59Speaker 03

  That's right.

• 26:00Speaker 02

  Even if you never sell a piece, I promise you that it is, it is providing an economic force behind it. And we have that here in town through our only accredited museum, art museum, which is the Bakersfield Museum of Art, which has now been credited, is it 90 years, how many years?

• 26:18Speaker 03

  75.

• 26:19Speaker 02

  70 years?

• 26:20Speaker 04

  70, yeah, 1956.

• 26:21Speaker 02

  Gilbert, why don't you get real close and, and talk right into that mic? So Gilbert, you've been-

• 26:25Speaker 04

  So we just, yeah, we celebrated our 70th anniversary back in March, was it? It feels so long ago.

• 26:31Speaker 03

  Yeah, I think so.

• 26:32Speaker 04

  The museum, uh, opened in 1956.

• 26:36Speaker 02

  Yeah.

• 26:36Speaker 04

  Crazy.

• 26:37Speaker 02

  It is crazy.

• 26:38Speaker 04

  But really great. And, you know, as you said, it's the only accredited museum, and we really, there's so much potential there, talking about economic, you know, how this can, can leverage that. I think there's almost a million population when you take Kern County into consideration.

• 26:57Speaker 02

  That's right.

• 26:58Speaker 04

  It's, you know, and you can see downtown Bakersfield, it's changing.

• 27:02Speaker 02

  Yeah.

• 27:03Speaker 04

  Like, you can't even, you know, half the roads are closed now because of construction and everything, so.

• 27:08Speaker 02

  Yeah, and as you also noticed, there's a lot of public art, and it continues to grow. We were just in New York City, you know, New York City has a larger art endowment than the National Endowment of Arts. The city itself's budget for art, for public art is larger than the national budget for, for arts.

• 27:26Speaker 04

  Oh my God.

• 27:27Speaker 02

  And you see it.

• 27:28Speaker 03

  It shows.

• 27:28Speaker 02

  It shows. I mean, it's one of the things we love the most about that town is that you don't, we don't have to have tickets to any of the shows. You know, we rarely go, you know, to, to, to see anything on Broadway. We literally just love walking the streets and pointing out and going, what is that? You know, it's some fire hydrant that has some weird thing that's attached to it, and somebody created this amazing art piece. And, you know, so, public art, and we have it here in downtown. I, I think we have a ways to go, but you're, you're, you've been now the Executive Director, has it been a year now?

• 28:01Speaker 04

  Do you know that today is my one year in?

• 28:02Speaker 02

  Get out.

• 28:03Speaker 03

  Congratulations.

• 28:04Speaker 02

  Happy anniversary.

• 28:05Speaker 03

  That's a big deal.

• 28:06Speaker 02

  So, I mean, there's still gotta be some freshness to, to the fact that you're living here and some of the unique things that the Central Valley has.

• 28:13Speaker 04

  I, you know what, I have to, I have to remind myself that I'm back in California.

• 28:18Speaker 02

  Was it because it feels like you're wherever?

• 28:21Speaker 04

  Well, Bakersfield's, you know, it's, it's, it's, it's very different from other parts, which is one reason why it's fun to be here.

• 28:30Speaker 02

  Yeah.

• 28:30Speaker 04

  But I'm always like, oh my God, I was just on the beach. I was in San Diego a couple of weeks ago on the beach, and I'm like, I don't have to get on a plane.

• 28:38Speaker 02

  Right.

• 28:38Speaker 04

  Five hours to get there, I'm here. So, but I'm, you know, I, I really feel that there's so much change happening, and it's gonna happen really quickly. So it's good to be riding that wave, you know, before it gets too big.

• 28:56Speaker 02

  Yeah. You know, I've, I've this theory, you mentioned, there's nearly a million people in, in our area, in our county that live here. And, but let's say you have a million people in, in some other major city.

• 29:10Speaker 02

  I would, I would theorize that there are just as many Jackson Pollock's or, or, or future, name your, name your famous artist here.

• 29:23Speaker 02

  You know, percentage wise, as there would be anywhere else. Right? And so what that tells me is, okay, so it's these places that have some sort of create something within the environment to pull this out of these people, or to provide a space for these people. What is your take?

• 29:40Speaker 04

  Well, I have to say, that's such a great question, because I just discovered, I went to, I was in a reception a few weeks ago, and with a lot of the Blue Ribbon members.

• 29:52Speaker 03

  Sure, yeah.

• 29:52Speaker 04

  And I had a really great conversation with the lady, and she mentioned that, you know, oh, my grandfather was friends with this artist, I think he was a muralist from Mexico. And I've got something of his that's in our closet, and I don't know if it's worth anything. Can you let me know? She shows me a picture of this thing, and I'm like, oh, that's Alfredo Ramos Martinez. He's one of the most famous Mexican muralists.

• 30:19Speaker 03

  Wow.

• 30:20Speaker 04

  Who actually moved from, I think he was from Monterrey, Mexico, but he settled in LA in the 1930s. And he's only now is starting to get incredible recognition. And in LA, they've set up this, a foundation that studies his work and catalogs it. And so I called him, and I said, well, you'll never guess, there's a Ramos Martinez in Bakersfield.

• 30:46Speaker 03

  Wow, that's amazing.

• 30:48Speaker 04

  And that happens everywhere.

• 30:51Speaker 02

  Oh, that's cool.

• 30:52Speaker 04

  Phoenix was, like, I can't tell you how many hidden gems, how much there is in Phoenix, Scottsdale, you wouldn't believe it.

• 31:00Speaker 02

  Yeah, just sitting in somebody's closet or garage somewhere.

• 31:03Speaker 04

  Or in their, you know, in their home. They're, you heard the Lucas Museum just opened. And George Lucas, apparently, is the biggest collector of, oh, now I'm gonna forget his name. He used to do the cover art for that magazine from the 50s, from the 40s and 50s.

• 31:24Speaker 02

  Oh, Rockwell? Norman Rockwell?

• 31:26Speaker 04

  Norman Rockwell. The second biggest collector of Norman Rockwell is in North Scottsdale.

• 31:32Speaker 02

  No kidding?

• 31:33Speaker 04

  And I've been to his house, and it's insane, he has like 35 Norman Rockwells.

• 31:37Speaker 02

  Wow.

• 31:38Speaker 04

  And nobody, you would never know it.

• 31:39Speaker 02

  Yeah, it's just a residence, just a normal house in the suburbs.

• 31:43Speaker 04

  Just a normal house, and parked out front, actually, it's funny, he's got one of those black cabs from London, that he just fell in love with the black cab, and so it's parked in front of his. Anyway, that's a whole other.

• 31:55Speaker 03

  Accenture.

• 31:56Speaker 04

  That catches in the car, you know, all of the sort of car culture stuff, which is big here, too.

• 32:00Speaker 02

  Oh, yeah. Oh, yeah, it's huge, you know, and speaking of collections, there is the new opening here at the museum, opens tonight, actually, the new exhibit.

• 32:13Speaker 03

  Tell us a little bit about the exhibition opening tonight.

• 32:16Speaker 04

  Big, you know, we're opening three big exhibitions, actually four, excuse me. There's four exhibitions opening, and there's two that have been ongoing. So we have six exhibitions up right now. And speaking about hidden gems, one of them is an artist which nobody's ever heard of, including myself.

• 32:38Speaker 03

  Yeah.

• 32:39Speaker 04

  That I discovered in a remote library in middle Illinois, back in January. So just literally eight months ago, we discovered this incredible collection of paintings, 22 of them, by an artist named Juanita Donahue. Who later, it turns out, the archivist said, well, she was born in Iowa, Algonah, Iowa, in 1897, but she died in 1990 in Ojai, California. And so there goes the chills again, and I thought, well, I have to bring, I have to do a show, because this is too good to be true.

• 33:18Speaker 02

  Yeah.

• 33:18Speaker 03

  Absolutely, and as far as I understand it, these paintings have never been shown. They were sitting in this.

• 33:25Speaker 04

  They've been sitting there, they've been, they were shown to anyone who went to the archive.

• 33:32Speaker 02

  At the library?

• 33:33Speaker 04

  Through them, almost like going through albums, you can kind of look through them, but they were never, they've never been exhibited in a museum. And when they were made in 1930, it was a collaboration between Juanita and a woman named Dora Van Gelder Kuns, who was a clairvoyant. And so this clairvoyant had the power to see auras in people. She then, Juanita then transcribed them onto paper.

• 34:05Speaker 03

  Yeah.

• 34:05Speaker 04

  And so it was a really interesting process, but they didn't feel like the world was ready to see them at the time.

• 34:12Speaker 03

  Yeah.

• 34:13Speaker 04

  So it wasn't until 60 years later, that they decided to publish a book. So people only knew of them from this, from this book called The Person, I think it was called The Personal Aura, but very little credit was given to Juanita, other than illustrations by Juanita Donahue. And I felt like I really wanted to give her.

• 34:32Speaker 03

  Yeah, because this was coming from a description from this clairvoyant to Juanita, who then interpreted that artistically into these paintings.

• 34:42Speaker 04

  She interpreted artistically, what's really exciting is that, is how easily, how beautifully it overlaps with, I would say, a more recent understanding of modernism that centers women, and that centers spirituality, more than it has ever done so in the past. So you think of somebody like Hilma af Klimt, which has almost become a household name in the past seven years, Swedish artist, and they were all kind of circling around the same thing. They were interested in color, they knew that, you know, color had the capacity of demonstrating certain emotions, and they all played with it.

• 35:26Speaker 04

  And Kandinsky is another artist that you can put into that same category.

• 35:31Speaker 03

  Oh, it's just so cool that we get to have these here in our own Bakersfield. We get to exhibit them for the first time, and there's gonna be some other exhibits going on that, this evening as well. Can you talk briefly about the photographer?

• 35:46Speaker 04

  So, very important, Graciela, actually Graciela Iturbide, who's a Mexico City-born photographer. I think she has probably eight exhibitions up right now around the world. She's probably the most famous, one of the most famous living photographers, without a doubt. In the 1980s, she actually was invited to work on a project that paired pretty well-known photographers with different communities in the US to document them. Graciela chose California, because she knew that it was heavily Mexican-American, and she had never been. So the show that we have up, that's opening tonight, is called Las Californias.

• 36:27Speaker 03

  Yes.

• 36:27Speaker 04

  And it's really a very, very little-known and underappreciated series that she did.

• 36:33Speaker 03

  Yeah.

• 36:33Speaker 04

  Again, we're really excited to be the first museum to be presenting that body of work. And Graciela took photographs beginning in Tijuana, up to and including Kern County. That was the other kind of kicker.

• 36:47Speaker 03

  Right.

• 36:48Speaker 04

  So one of the, one of the last images in the exhibition is of Dolores Huerta. That was done in 1991, so.

• 36:59Speaker 03

  So relevant, so important, so magical to have here in Bakersfield.

• 37:04Speaker 04

  Yeah.

• 37:05Speaker 03

  Really, really excited to see it. I know I've seen, I'm lucky enough to be on the board at the museum, and also on the curatorial committee with you, Gilbert, and I got to have some preview images of what we're gonna see tonight, and I'm so excited for everybody. In fact, I bought the book about the auras like that day, after we talked about it, because I was so excited about it.

• 37:25Speaker 04

  Yeah, but I have to give, you know, our exhibitions team is incredible. Victor Gonzalez and Abby have done an unbelievable job with the exhibition, so I can't wait for you to see. And Victor has a huge exhibition, actually, that plays off of the history of documenting urban life in California, called Layers of the City. So there's gonna be a lot to see tonight.

• 37:52Speaker 03

  So come on out, y'all, come on out to our local museum, and come see these beautiful exhibitions that our accredited museum has put together, and yeah, I'll be there. Thanks for coming in.

• 38:05Speaker 02

  Yeah, we want to encourage anybody out there that's really, has any interest. I mean, this is our premier art center here in town, and you get this, these world-class exhibits like this. It's free for members. If you're not a member, consider getting a member. But if you're not a member, you can still buy tickets at the door, right? You can get in, I think it's 12 bucks, 10, 10 or 12 bucks to get in?

• 38:25Speaker 04

  I think it's 10 and 12, yeah.

• 38:26Speaker 02

  Yeah, so definitely worth it, it's a great location, you come downtown, you know, there's some great places to eat, there's some great places to hang out with, and then come see a really world-class exhibit at our, at our gem of a museum, art museum here.

• 38:44Speaker 04

  And last but not least, don't forget, October 17th and 18th is our annual Via Art Day Chalk Drawing Fest.

• 38:51Speaker 03

  Wonderful.

• 38:52Speaker 02

  Yes.

• 38:52Speaker 03

  Over at the Marketplace.

• 38:53Speaker 04

  Make sure I plug in that.

• 38:54Speaker 02

  Yeah, and it's gonna be at the Marketplace again this year, an amazing event, a wonderful event, great place to take your family, it's a, get involved in it, get a space, and get involved in that.

• 39:05Speaker 04

  Yeah, just wear sunscreen.

• 39:07Speaker 03

  That's right.

• 39:07Speaker 02

  Yeah, and hope it doesn't rain, hope it doesn't rain. Well, Gilbert, thank you again.

• 39:12Speaker 03

  Thanks so much for coming in.

• 39:13Speaker 02

  Executive Director and Chief Curator for the Bakersfield Museum of Art. We are Money Wise, we'll be right back after the break.

• 39:26Speaker 02

  We're Money Wise.

• 39:27Speaker 03

  I always love listening to what songs Stephen produces.

• 39:32Speaker 02

  Producer extraordinary Stephen Nicholas.

• 39:34Speaker 03

  He's the best.

• 39:35Speaker 02

  I ran into somebody a few days ago, we were just randomly talking and the radio came up. And when I told them that I worked with Stephen Nicholas, they, their eyes got so wide. You work with Stephen Nicholas? I listened to him when he produced, I can't remember what show you produced like early on.

• 39:55Speaker 03

  You've been in it for a bit.

• 39:57Speaker 02

  It was a local DJ or a local host. I can't remember. He didn't, he didn't, I couldn't remember who, who, who he was talking about. But he was like, I listened to him all the time and you had been here.

• 40:08Speaker 03

  You've been doing it.

• 40:09Speaker 02

  Doing it.

• 40:09Speaker 00

  I get it a lot when I say I'm with Money Wise. Oh, you guys know, you know, Sharon and Emily? Yeah, I know them.

• 40:17Speaker 02

  Yeah, but do you know who I am? Stephen Nicholas.

• 40:22Speaker 00

  Have you heard the new Bob Schneider?

• 40:24Speaker 02

  No, no.

• 40:25Speaker 03

  I have.

• 40:25Speaker 02

  I've heard, I've heard a couple of songs. I haven't heard this one.

• 40:27Speaker 03

  I have. I like it.

• 40:29Speaker 02

  He's amazing.

• 40:29Speaker 03

  I love him.

• 40:30Speaker 00

  So much.

• 40:31Speaker 02

  So good. It'd be great to have Bob Schneider here in town.

• 40:33Speaker 03

  Yeah, sure. Let's just ask him. I'll text him.

• 40:35Speaker 02

  What's his minimum? Yeah.

• 40:37Speaker 00

  Scott's already been pushing on that one, too.

• 40:39Speaker 02

  Oh, gosh. I'd, I'd love Scott to get us any of the people that he's connected with.

• 40:43Speaker 00

  We talked to Elizabeth Cook last week and he told him right at the, right at the end of the interview, "And next time you're around LA, we got a little venue, we could rock it out." And she's like, "Oh, don't tease me. I'm not joking."

• 40:56Speaker 03

  Okay, right.

• 40:57Speaker 02

  Come on, come on down to the basement. We've got some listener questions, yeah?

• 41:01Speaker 03

  Yeah, we got some comments here. With all the things like gas, groceries, PG&E, all up and a lot of us are struggling to make a budget and roll with the punches. And just a heads up for you, we received our property taxes today and they have almost doubled. I'm starting to feel like the quote, "Man is pushing us hardworking Americans out."

• 41:22Speaker 02

  Ah, I, I, this just breaks my heart. I mean, I feel this too. You feel this. We're business owners. So we have multiple businesses and it is so, it feels like, especially with the restaurant, it feels like the entire universe is working against you.

• 41:36Speaker 03

  Totally.

• 41:36Speaker 02

  And, and like you, you are, you are paddling upstream.

• 41:41Speaker 03

  So hard and doing everything you can.

• 41:44Speaker 02

  Yeah. And that, that's disheartening because to me that, that's the American dream is that hard work and perseverance will get you to where you want to go. And it's just, that's just gotten way more challenging than that. It has a lot more to do than with, than just, yes, you have to work hard. That's a given. But people are out there like this person working hard and still, now you get a property tax bill that you're, you know, wondering what you didn't expect. How do you deal with this?

• 42:10Speaker 03

  Yeah, it's disheartening.

• 42:11Speaker 02

  I feel it. Hang in there. Get through this. You can do it.

• 42:16Speaker 03

  We've got another question here. I'm looking for financial planning advice and advice regarding long-term W2 versus 1099 work. Is that something I can set up with you guys or do you refer someone that can help us with this? Thanks, Melinda.

• 42:28Speaker 02

  Thank you, Melinda. We can definitely help you with that. We have several advisors in the office. If you call in, anybody that, that they, they refer you to would be helpful. We have a whole business services division, which when I hear W2 versus 1099, this sounds like a business decision to me. This is usually somebody who's deciding whether they want to be an independent contractor or they want to work as an employee. Now, California and the nation has gotten very strict on this. It becomes much, much more difficult for you to justify being a 1099 versus a W2. Very, very strict, specific tests, A, B, C tests, they call it.

• 43:08Speaker 02

  So you have to meet all of those requirements before you can even explore the idea of being an independent contractor and being paid through 1099 versus W2.

• 43:16Speaker 03

  Same thing with employers. They have to deal with all that.

• 43:18Speaker 02

  They're doing the same thing. Yeah. And there are pros and cons. It's not a black or white decision. They're, they're definitely, for, for the individual and for the business. So there's, there's advantages for the business to hire somebody as a contractor versus an employee, but there's some downsides too.

• 43:34Speaker 03

  Yes.

• 43:34Speaker 02

  And as an individual, that, that.

• 43:36Speaker 03

  Same thing.

• 43:36Speaker 02

  Same thing. Now financially speaking, obviously there's some, there's some big things that you're going to want to be aware of. This is why you'd want to sit down with a financial advisor that can understand these things. We can definitely help you. They're here at Money Wise. So reach out to us, 847-1000.

• 43:52Speaker 03

  And one last message here. I love our art scene here in town. I took my son to the new Lucas Stadium. It was amazing and is so big in person. So many hidden pieces. The only thing that hurt was my son wanted this R2-D2 cookie jar and it was $250.

• 44:09Speaker 02

  I'm assuming they're talking about the Lucas Museum, not the Lucas Stadium.

• 44:12Speaker 03

  Yeah, but it probably feels like a stadium. It's pretty big.

• 44:14Speaker 02

  It looks amazing. I've only seen it in, in video and pictures. I'm like, oh, I definitely want to go there and, and check that out. It looks really, really cool. You know, speaking of museums, it's, it's all like, what do they call that medium? It's like, I can't remember what the medium is that the music, that the Lucas Museum is based off of, what they call that. It's not just like props, movie props. It's.

• 44:40Speaker 03

  Okay.

• 44:41Speaker 02

  It's a.

• 44:41Speaker 03

  There's a specific like term for it?

• 44:43Speaker 02

  Specific term for that type of media, which I really enjoy. I mean, I don't mind going to like where there, you know, painting. I love paint and, and different, you know, mediums in terms of art, you know, visual art. But this, this is in particular, looks really good. However, 250 bucks for an R2-D2 cookie jar.

• 45:05Speaker 03

  I know. And, and we've been there, right? Where our kids are like so into something and I'm, I'm guessing since they took their son there, this son is just so into it and just having to just like break your heart.

• 45:16Speaker 02

  Oh, yeah. I mean, especially when we, when our kids were younger, I know there were a few times we took them into a place and I would media, I was like, oh, why did we, why are we in here?

• 45:25Speaker 03

  It's just, we're just going to break their heart.

• 45:27Speaker 02

  You're going to break their hearts. So you gotta just like, we're not going to buy a single thing in here, guys. So don't ask.

• 45:31Speaker 03

  By the way, it's called narrative art.

• 45:33Speaker 02

  Narrative art. There you go.

• 45:34Speaker 03

  Is that what you were thinking of?

• 45:35Speaker 02

  Yeah. It's like, it comes from, you know, some sort of, whether it's a movie or a book or, you know, some sort of pop media.

• 45:43Speaker 03

  By the way, tomorrow, coming up tomorrow, the Ustin's Money Wise Show. Host Justin and Dustin will take your questions and comments and be getting down to business with Lori of JJ's Legacy. I would like to say I coined the Ustin's. That was my.

• 45:55Speaker 02

  The Ustin's.

• 45:55Speaker 03

  I was trying, I, it took me a long time for everyone to get on it. Come on, we're going to call it the Ustin's and it's happened.

• 46:00Speaker 02

  It's worked. Yeah. The Ustin Show tomorrow on Money Wise. Don't want to miss it. And also Lori is amazing. That JJ's Legacy is such an incredible nonprofit. There's so much good here. If you missed this or any of our past programs, go subscribe to the Money Wise Podcast. It's commercial free and on all podcast platforms. Be smart, be safe and always be Money Wise.

• 46:20Speaker 01

  Offered through LPL Financial, member FINRA, SIPC. Investment advisory services offered through LPL Financial. LPL Financial and Money Wise Wealth Management are independently owned and operated.