3/28/25 Tariffs, Cars, and the Economy: Plus a Preview of the California Cardiovascular Institute

The Moneywise Radio Show and Podcast Friday, March 28th BE MONEYWISE. Moneywise Wealth Management I "The Moneywise Guys" podcast call: 661-847-1000 text in anytime: 661-396-1000 website: www. MoneywiseGuys.com facebook: Moneywise_Wealth_Manageme instagram: MoneywiseWealthManagement Guest: Terri Agcaoili, Director of Marketing/Business Development for the California Cardiovascular Institute website: https://cacvinst.com/ Facebook Instagram

• 0:00Speaker 00

  From the padded radio room off Stockdale Highway, here is Money Wise. Call or text 8861-396-1000.

• 0:09Speaker 01

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

• 0:29Speaker 02

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

• 0:40Speaker 00

  Now, let's start the Money Wise Show.

• 0:43Speaker 03

  Welcome, welcome, welcome to the Friday edition of the Money Wise Show. We're live from... what? What? What do I hear? Getting down to business?

• 0:53Speaker 04

  Flight of the Conchords, man. I love them.

• 0:56Speaker 00

  Nice.

• 0:57Speaker 04

  Yeah, yeah, yeah.

• 0:58Speaker 00

  Even Big Frank knows that one. That's right.

• 1:00Speaker 04

  I do. They're hilarious.

• 1:02Speaker 00

  Yes, that was an awesome show.

• 1:03Speaker 03

  It was. Welcome to the Gero Ellis padded radio room off of Stockdale Highway. ESPN, Bakersfield, 1230 a.m., 101.1 FM, streaming live at MoneyWiseGuys.com. We are your hosts today. I am Justin Leland here, as you heard, with...

• 1:23Speaker 04

  Frank Lee.

• 1:24Speaker 03

  Frank Lee.

• 1:26Speaker 04

  Hey, Justin.

• 1:26Speaker 03

  We're taking you into the weekend. How you doing, Frank?

• 1:28Speaker 04

  I'm doing good. I'm doing good.

• 1:30Speaker 03

  A little sore today?

• 1:31Speaker 04

  Uh, yeah, just a little, you know, my back giving out, my knees, you know.

• 1:35Speaker 03

  That's the problem with getting old.

• 1:36Speaker 04

  Yeah, yeah, it is.

• 1:38Speaker 03

  Yeah.

• 1:40Speaker 03

  Hey, Steve. Steve Z.

• 1:43Speaker 00

  Yes.

• 1:44Speaker 03

  Have you ever seen a bracket as close as the Money Wise bracket at the top?

• 1:51Speaker 00

  It's all within a point and two points, and it's a close one.

• 1:55Speaker 03

  The top six, the top five in our Money Wise bracket are all 62 and 61 points.

• 2:05Speaker 00

  And it's funny is that none of us know anything about it, so.

• 2:07Speaker 03

  Yeah.

• 2:07Speaker 00

  I.

• 2:10Speaker 00

  Don't let, don't let Michelle win it again, because I, I don't think I could put up another year of all the trash talk she has.

• 2:17Speaker 03

  So I was actually like yesterday, I had picked Arizona to beat Duke. And man, I was close.

• 2:25Speaker 00

  I was hoping for that one.

• 2:27Speaker 03

  Man, I was close.

• 2:28Speaker 00

  Because that would, that would switch up the whole standings thing.

• 2:31Speaker 03

  That, that would have blown up the whole bracket. Because everybody picked Duke. I was the only one that picked Arizona. That would have been good.

• 2:40Speaker 00

  Well, if we're gonna talk basketball, how about my Bulls last night?

• 2:43Speaker 03

  Dude, that rook.

• 2:46Speaker 00

  He's been on fire, dude.

• 2:48Speaker 03

  And from beyond the half point line.

• 2:50Speaker 00

  Half court with two seconds left.

• 2:52Speaker 03

  Nothing but net.

• 2:53Speaker 00

  To not only beat somebody, but beat the Lakers.

• 2:57Speaker 03

  Ah, my Lakers.

• 2:59Speaker 00

  I mean, they didn't beat them by 30 like they did a couple of days ago, but it was a close game. And LeBron was there and Luca was there, so there was no excuses. But it is that time of the year, like.

• 3:11Speaker 03

  They need to be winning.

• 3:12Speaker 00

  Aside from that, you know, the NBA playoffs is right around the corner, so.

• 3:16Speaker 03

  Right around the corner.

• 3:17Speaker 00

  I'm excited.

• 3:17Speaker 03

  And opening day was yesterday.

• 3:19Speaker 00

  For?

• 3:20Speaker 03

  Uh.

• 3:21Speaker 00

  Wrestling?

• 3:22Speaker 03

  What sport matters most?

• 3:24Speaker 00

  Tennis? I, I don't know.

• 3:25Speaker 04

  Golf?

• 3:26Speaker 00

  Golf, there you go.

• 3:27Speaker 04

  Just kidding.

• 3:28Speaker 03

  Get out of my office.

• 3:29Speaker 00

  Baseball, baseball, I get it.

• 3:31Speaker 03

  That's okay. My, my Angels lost.

• 3:35Speaker 03

  I'm gonna get a lot of that this year.

• 3:38Speaker 00

  No.

• 3:39Speaker 03

  Yeah. Mike Trout gets hit the first at bat.

• 3:43Speaker 00

  I saw that.

• 3:44Speaker 03

  Like, come on, wrap that guy in bubble wrap, please. For crying out loud.

• 3:52Speaker 00

  I, I did hear, I was listening to Kerr on the way in and he was, uh, he was kind of making the point where like, opening day was yesterday and there's already a, a nice amount of teams that get a day off.

• 4:03Speaker 03

  Right.

• 4:03Speaker 00

  Today. And I'm like, well, that's, I mean, there's only 160 something, 161 games left.

• 4:08Speaker 03

  Hundred, yeah, 161 left.

• 4:10Speaker 00

  That season's gotta be cut in half.

• 4:12Speaker 03

  No.

• 4:13Speaker 00

  Personally.

• 4:14Speaker 03

  No.

• 4:14Speaker 00

  But I, I did watch the Dodger game and. With the with the new pitch count and all this, I mean, the game was over in less than three hours.

• 4:23Speaker 03

  Yeah, typically they're like two, two, two hours, 30 minutes, two hours, 45 minutes.

• 4:28Speaker 00

  And a couple of years ago, it'd have been five.

• 4:29Speaker 03

  Yeah.

• 4:30Speaker 00

  You know, so.

• 4:31Speaker 03

  Yeah, the pitcher's up there licking his hand and the the batter's stepping out of the box six or seven times and asking for time and yeah, the the speed of the game is quite a bit faster now.

• 4:43Speaker 00

  Are the Angels playing today?

• 4:45Speaker 03

  I believe they are. They uh they play, I think their first pitch is in, I think, like three hours.

• 4:51Speaker 00

  Oh, perfect.

• 4:52Speaker 03

  Yeah. First pitch of their second loss.

• 4:56Speaker 00

  Ouch.

• 4:57Speaker 03

  Playing in Chicago against the worst team in the in the league, but you wouldn't know it because my Angels are probably the worst team in the league.

• 5:07Speaker 03

  I didn't say that. Come on, Artie, sell the team.

• 5:09Speaker 00

  Come on, positive, positive.

• 5:11Speaker 03

  I'm positive that Artie needs to sell the team.

• 5:13Speaker 00

  You're already like, oh, they're already losing.

• 5:15Speaker 03

  I'm I'm positive that Artie needs to sell the team.

• 5:17Speaker 00

  I've seen that on social media where they had a picture of the the White Sox that says eliminated already. Come on.

• 5:24Speaker 03

  Season hasn't even started yet, and they've been mathematically eliminated from the playoffs. Oh, it's so hard to be an Angels fan. Uh, and it's also hard to be an investor right now. Frank, what happened today? Oh, my God.

• 5:39Speaker 04

  Oh, it's a sea of red. That's for sure.

• 5:41Speaker 03

  It's a sea of red.

• 5:42Speaker 04

  It is. It is. So let's do a quick recap. Uh, Dow down 169 basis points, S and P 500 down 197 basis point, NASDAQ 270 basis point. So.

• 5:57Speaker 03

  So when he says basis points, that's one one hundredth of a percent. So we're down basically 2% across the board.

• 6:03Speaker 04

  Yeah, 2% across the board. VIX is significantly up 15%.

• 6:08Speaker 03

  Yeah, what we're talking of, it's, I love it when they say this. I'm looking at the, I'm looking at CNBC right now. And they say NASDAQ's worst day since 310. Really? Come on, man.

• 6:22Speaker 04

  Yeah, yeah, yeah.

• 6:23Speaker 03

  It's the worst day on the market since two weeks ago.

• 6:26Speaker 04

  Yeah, so exaggerated.

• 6:27Speaker 03

  It's it's.

• 6:28Speaker 04

  Headliner.

• 6:29Speaker 03

  It's it's a headliner and you see red on the screen and it's it grabs your attention, obviously. Um, and again, it's it's the broken record. How many times are we going to say this this year? It's tariffs. It is, um.

• 6:46Speaker 03

  You know, the administration talking about raising tariffs on all automobiles that are made outside of the United States. And then him now telling the, you know, the domestic automakers, the Ford and GM and Chrysler and Ram and all those automakers here in the United States, don't you dare raise your prices? To try, like, wait, what? Okay, so if everybody else's prices are gonna go up because of the tariffs, we're not able to capture that and get a little bit of profit out of the deal? Wait, that's capitalism, I thought. Isn't that the way that's supposed to work? No, we're not allowed to do that. So now that we have the economic worry that's sinking in, folks are actually, you know,

• 7:31Speaker 03

  really starting to worry about what does this mean for the overall economy? Are we looking at potential recession? We don't know. We don't know necessarily. There may be something there. We look at things like, you know, consumer confidence and those numbers are, you know, definitely going down. Not necessarily to the red just yet, but consumer confidence is trending downward. And that becomes an issue. Core CPI or core PCE, which is the producer's cost index, that's the number the Fed really pays attention to. That's actually gone up quite a bit.

• 8:15Speaker 03

  And that's another thing that's, you know, that's the number the Fed really pays attention to, is that here we're talking about inflation again. And what is tariffs gonna do to inflation? Going to make it worse. So if we're gonna continue putting the pedal to the metal on tariffs, inflation is going to follow and the Fed is going to have to do what? Continue to raise interest rates to tamp down inflation. So we're, we're running headlong into, you know, Frank's too young to remember this. The era of stagflation, where we had high, high interest rates, high inflation, high

• 8:56Speaker 03

  unemployment, and no, low growth. It's not, it's not a good, it's not a good recipe at the end of the day. And Unless we, unless we have some change, unless we have somebody that, or somebody, adults in the room maybe that say, hey, wait tariffs are probably not a good thing. It's not the way to do this.

• 9:23Speaker 03

  And trade wars are not the way to go.

• 9:26Speaker 03

  We're probably going to be seeing this for a while.

• 9:27Speaker 04

  Yeah. Yeah. I mean, they can't be doing this for forever. Right?

• 9:33Speaker 03

  It's a race to the bottom.

• 9:34Speaker 04

  Yeah. Yeah. Yeah. But for, for the people who are out there worrying and, and thinking the worst of the worst is like, this should play out. If, if your goal is that long-term goal, like we always talk about, you know, this is, this is short-term. Like, we're not expecting this to drag on for, for years and years and years. Like, this is, this is a short-term outlook and could be a good buying opportunity. If, if you're looking at it and, and thinking of it, okay, like, stocks are going through something, they're, they're being bought, so they're on a discount, you know, and then

• 10:11Speaker 03

  Currently, yeah.

• 10:12Speaker 04

  Yeah. Yeah. They're on a huge discount. And it's like, okay, this could be a good entry point for me to buy in slowly, continue that

• 10:19Speaker 03

  Dollar cost average.

• 10:19Speaker 04

  Dollar cost average. Yeah. Yeah. Yeah.

• 10:21Speaker 03

  Now, I did hear, or I read somewhere that BMW

• 10:28Speaker 03

  had said that they were potentially thinking about, or toying around with the idea of actually eating the cost of the tariffs. So if, if, if the Trump administration levies a 25% tariff on all EU cars that are coming to the United States, that BMW would say, hey, we're gonna, we're gonna eat the cost of those tariffs. Their reasoning behind this, and this hasn't been a decision that they've made, but they were toying with it. The decision they were making was We think that the tariffs are maybe gonna be short-lived.

• 11:02Speaker 04

  Right.

• 11:03Speaker 03

  And if they are going to be short-lived, we have a, we have deep enough pockets to be able to, to pay these tariffs. And by doing this, our competitors are not gonna eat the cost. We'll eat the cost. We're gonna keep our prices low. We're gonna buy in and get some market share.

• 11:19Speaker 04

  Yeah.

• 11:20Speaker 03

  Hey, that's capitalism, right? We get a little bit of market share. We, we take a little bit of hit now. We get some market share and off, off the races and the tariffs are a little bit, you know, uh, and they're, they're transient. They, they go away eventually.

• 11:34Speaker 04

  That's, that's if Ford GM and all the other automakers don't.

• 11:38Speaker 03

  Don't, yeah, exactly. And so it, it's, it's a guessing game. And this is the thing about Wall Street. This is a thing about business, uh, you know? When you're trying to make plans, you, you, just even in your own household, if you're just trying to make plans about, you know, my wife and I, we're trying to make plans about where to go for Thanksgiving dinner.

• 12:00Speaker 03

  You know, it's, it's, well, who's gonna be in town? Whose parents do we go see? What, you know, when are they gonna be in town? There's all these plans that go along. Take it to a business level and it's like, well, if the, if the rules of the road change.

• 12:15Speaker 03

  Midstream, like we're, we're headed down to my in-law's house and all of a sudden the, the, the road closes and now we have to take a detour and go a different direction. And now. That's what's happening right now in the business community. Every time you make a plan and you're looking forward to try and like move to that goal that you're trying to accomplish as a business or an investor. The goalposts are being moved.

• 12:43Speaker 03

  Mid-decision.

• 12:47Speaker 03

  That's why you look at Wall Street right now and that's why they're, that's why you see what you see on the screen right now. That's why you see the blood in the streets. And the red on the screen is the complete and total like.

• 13:01Speaker 03

  We don't know what's going on and we don't know where to go. We don't know where, because every time we make a decision, the goalposts are going to be moved. It's chaos.

• 13:14Speaker 04

  For something as radical as this.

• 13:18Speaker 03

  Yeah.

• 13:18Speaker 04

  You know, because most of the time, Wall Street does know, can anticipate some, or expect what, what to, what policies are going to be put in place, how to adjust for it and everything. But if we're having something like this.

• 13:32Speaker 03

  Yeah.

• 13:33Speaker 04

  Where it's like, it's something new every day, then you're like, okay, how do I, how do I plan for that?

• 13:37Speaker 03

  You can't. And that's, and that's the whole point is that the Wall Street, the one thing that Wall Street hates more than anything else, it's uncertainty.

• 13:45Speaker 04

  Yeah.

• 13:46Speaker 03

  You know, under normal circumstances, depending, and it doesn't matter which political stripe you belong to.

• 13:54Speaker 03

  A, you know, you would have a certain rule of the road, like you knew that there was a certain, hey, this is the way that this works. This is the way that this government agency works, or this is the way that this business and, and you knew how to work around that system. Those systems right now are going to be, are, are being completely thrown on their head through Doge and all of these other things that are happening. We'll get into that in just a moment. We'll talk about something going on with the US FDA that we're feeling here, just here locally.

• 14:27Speaker 04

  Yeah.

• 14:27Speaker 03

  That, that we have some, some inside information on here locally.

• 14:34Speaker 03

  But when you have these massive changes to just overall infrastructure of how to structure your business or how to structure your investment and those things are being kind of, those goalposts are being completely obliterated and moved. How do you invest? Well, the best way to invest is just to stay invested regardless. We've, we've talked about this before. The tactical, you know, knee jerk move and move, reactions that people will tend to make on days like today.

• 15:12Speaker 03

  Will do more harm to your portfolio than good.

• 15:18Speaker 03

  Statistically speaking, when you see the red on the screen that you're seeing today, or over the past quarter, or over the past week, or whatever, and it's causing you anxiety or concern, what is going to cause you more anxiety or concern later on in life is running out of money. And the easiest way to run out of money is to make bad decisions today. So, looking at what's going on right now, we can all feel what's, you know, kind of going on, but making a rash decision and pulling money out of your 401k, or your IRA,

• 15:59Speaker 03

  and making a rash decision in the here and now, and then not investing for the long term, as we always say, this too shall pass, right? These things will, will get better. The tariffs will go away. The economy will reshuffle itself, and we will continue to move on. It's fine. We're gonna be fine. So just stay invested, stay doing what you're doing, and days like this are gonna happen. Weeks like this are gonna happen. Quarters like this are gonna happen. Just know that going forward. When we come back, we're gonna

• 16:38Speaker 03

  talk a little bit about the USDA, and how that's actually affecting our, our local community when we get back.

• 16:48Speaker 00

  Are you nearing retirement and currently working with a financial advisor? Are you not sure if you're invested appropriately? Call our offices at 661-847-1000 to sit down with a MoneyWise Financial Advisor for a no obligation assessment.

• 17:19Speaker 03

  Welcome back.

• 17:26Speaker 03

  Didn't they play it, Jerry's?

• 17:29Speaker 03

  I wanna say...

• 17:30Speaker 00

  Probably ten, fifteen years ago.

• 17:33Speaker 03

  Fifteen years ago?

• 17:35Speaker 00

  Yeah, like when, around the time Frank was being born.

• 17:38Speaker 04

  Yeah, yeah. I know, I know this is, uh, this is something of a disgrace, but I have yet to be, go to Jerry's.

• 17:44Speaker 03

  You've never been to Jerry's?

• 17:46Speaker 04

  Yes, yes.

• 17:46Speaker 03

  Well, we're gonna be right down the street.

• 17:48Speaker 00

  Yeah.

• 17:48Speaker 04

  That's why I'm so excited.

• 17:49Speaker 00

  Pizza, man.

• 17:50Speaker 04

  I am so excited to explore downtown. I've never really gone downtown.

• 17:54Speaker 03

  You've never really done the downtown thing?

• 17:55Speaker 04

  No, I haven't, so I'm really excited.

• 17:57Speaker 03

  Well, that was the Distillers. And I believe they played at, I believe they played at Jerry's, probably fifteen years ago.

• 18:03Speaker 00

  I went in the, in the prime and it was, uh, disgusting.

• 18:09Speaker 00

  It was. And I, I will tell you now, the new ownership over at Jerry's, they've cleaned that place up and, uh, they do a hell of a job and the food is awesome.

• 18:18Speaker 03

  Well, then right next door is, uh, Jasmine Thai, which is my favorite Thai place in town.

• 18:22Speaker 00

  Oh, really?

• 18:22Speaker 03

  Yes.

• 18:22Speaker 00

  I've never had that.

• 18:24Speaker 03

  My favorite Thai place in town is, is right next door.

• 18:26Speaker 04

  Alright, let's do it.

• 18:28Speaker 03

  That's, uh,

• 18:28Speaker 00

  I'm gonna be so fat when I go downtown.

• 18:31Speaker 03

  But at least we'll be able to walk everywhere.

• 18:32Speaker 00

  We'll walk it off.

• 18:34Speaker 03

  Right.

• 18:34Speaker 00

  To the next place.

• 18:35Speaker 03

  Yeah.

• 18:36Speaker 04

  Didn't they tell you that we're gonna put a gym on the third floor?

• 18:38Speaker 00

  I sure hope so.

• 18:39Speaker 03

  We'll walk next door to Ginger Sushi and have some more. And we'll walk next door to the next place and, yeah. Hey, um, speaking of food, going to flip to the other side of this, which is the, the horrible, horrible problem that we have in our own back, you know, backyard here in Kern County. And that is, um, the issue of food insecurity. Now, money-wise, um, many of the people listening know that we, as a, as a company and as a, as a team, um, will go out and do, um, community, uh, programs every year, uh, as teams. Um, this year, we have chosen, if you don't know, we have chosen to go out on a monthly basis to CAP-K,

• 19:25Speaker 03

  um, which is the Community Action Partnership of Kern. And we have been filling up food boxes for the community. Uh, in fact, we just did that today. And, um, I have all of the cardboard cuts on my hand to prove it, uh, from loading up the boxes.

• 19:45Speaker 03

  And it's it's a great organization. Uh, we, how many pallets did we do?

• 19:50Speaker 04

  We almost beat our record.

• 19:51Speaker 03

  I think we did like 11 or 12.

• 19:53Speaker 04

  I don't know. We gotta, we gotta revise that because I feel like our, our, our process was a lot faster.

• 19:58Speaker 03

  We were pretty, we were.

• 19:59Speaker 04

  We were hauling it.

• 20:00Speaker 03

  We were hauling today.

• 20:01Speaker 04

  Yeah.

• 20:02Speaker 03

  And, um, each of these boxes weighs about 30 pounds, a little over 30 pounds.

• 20:06Speaker 04

  Mm hmm.

• 20:06Speaker 03

  Um, filled with staples, uh, food, rice, um, peaches, you know, you know, all the types of staples that you would need. And they go out to the community. These boxes were going to be going out to seniors, I believe, was, was the, today's senior day.

• 20:24Speaker 03

  And the reason we chose to work with Cap K this year was we as a company have known for some time that food insecurity is a major problem in our, in our community in Kern.

• 20:38Speaker 03

  Statistically, um, one in five, 20% of children, one in five children in our community. And here we are, the breadbasket of Bakersfield, of, of the, the country. You know, the number one agricultural county in the, in the country.

• 20:58Speaker 03

  And one in, one in five children doesn't know where their next meal is coming from.

• 21:04Speaker 03

  Okay?

• 21:06Speaker 03

  And to me, and I think to a lot of people listening, um, that's just unacceptable.

• 21:15Speaker 03

  I mean, that's just unacceptable. Um, what are some other statistics? I, I know that one statistic off the top of my head is one in five children.

• 21:24Speaker 04

  I think the, the most recent one that I see in 2022, 14.3% of adults in Kern County report uh, food insecurity, exceeding both state and national average. So Kern County alone is above state.

• 21:40Speaker 03

  The state average.

• 21:40Speaker 04

  Yeah, state and national average.

• 21:43Speaker 03

  Which we, we, we feed the world.

• 21:47Speaker 04

  Mm hmm. Exactly.

• 21:50Speaker 03

  We feed the world, but we can't feed ourselves.

• 21:54Speaker 03

  So

• 21:56Speaker 03

  this is the news that's going to, I think, make your blood boil. And I know it did for me.

• 22:04Speaker 03

  When we went there today to Cap K and I had to look this up because it the news dropped today

• 22:14Speaker 03

  that the US Department of Agriculture, the USDA is cutting back on over a billion, $1 billion in funding. And that some of that is actually hitting Kern County.

• 22:33Speaker 03

  The USDA bonus loads that go through that we get through the TFAT program have been canceled. Susanna Magagna, who's actually our, uh, our contact that we work with through Cap K. Susanna was great. She told us that the TFAT program's been canceled.

• 22:52Speaker 03

  She told me that that was, uh, that equated to about three and a half million pounds, three and a half million pounds of food and about four and a half million dollars of emergency food assistance. Emer- this is emergency food assistance. This isn't just, you know,

• 23:11Speaker 03

  here's a, here's a box of food. It's, this is emergency food.

• 23:18Speaker 03

  Now in 2024,

• 23:22Speaker 03

  there were about 22 and a half million pounds of food that were distributed through, uh, Cap K through its many different distribution sites. There were about 250 to 300, uh, distribution sites across Kern County. Most of them are churches.

• 23:39Speaker 03

  You're, uh, you go to the church and they have the food there and, and you can, um, get a box of food there.

• 23:48Speaker 03

  And so this is not just affecting, you know, here Bakersfield, but it's affecting the entire county because these, these, this food is going out to places like Ridgecrest or Mojave or, I mean, it's, it's all over, right?

• 24:03Speaker 03

  And so here we have the USDA that's actually because, because of the, the cuts that have been made here recently. USDA, that's, that's deemed as fraud, waste and abuse, right? Feeding people is fraud, waste and abuse.

• 24:18Speaker 03

  Let that sink in for a minute.

• 24:22Speaker 03

  Feeding human beings is fraud, waste and abuse.

• 24:29Speaker 03

  But that's where we are in our society now.

• 24:34Speaker 03

  I'm gonna get away from the microphone for a minute.

• 24:38Speaker 00

  You got anything positive after this break?

• 24:40Speaker 03

  Yeah, I do. I'm gonna, I'm gonna get away from the microphone because I'm gonna start crying or something. I don't know. It's just, it makes my blood boil. When we get back, we're gonna have a great guest, Terry Agawili from the California Cardiovascular Institute will be joining us. They have a great ribbon cutting ceremony. We've talked to Dr. Sandu. We've talked to a bunch of different people over at California Cardiology. Terry, she'll probably just take the microphone.

• 25:11Speaker 00

  You can just step away now.

• 25:12Speaker 03

  I'll just step away and I'll just, I'll start the weekend early.

• 25:15Speaker 00

  Don't forget, Money Wise is more than a radio show. We're an independently owned, local wealth management firm with 60-plus years of collective experience. Our financial advisors are here to help you, Kern County. Together, let's be smart, be safe, be money wise.

• 25:47Speaker 03

  Welcome back.

• 25:52Speaker 03

  Welcome back to the Money Wise Show.

• 25:56Speaker 03

  Here at the Gero Ellis Padded Radio Room off of Stockdale Highway. We are joined right now, Frank and I, by a good friend of the show, good friend of mine, Terry Agawili.

• 26:10Speaker 05

  Happy Friday. How exciting is this to end the week with Terry Agawili on the show? You guys are so lucky.

• 26:15Speaker 03

  I know.

• 26:16Speaker 04

  We're in for a treat.

• 26:18Speaker 05

  We are in for some sins and some blessings.

• 26:20Speaker 03

  Yes.

• 26:22Speaker 05

  Let's go.

• 26:23Speaker 03

  Oh, man. It's starting already, Steezy.

• 26:26Speaker 04

  I'm just gonna take a backseat.

• 26:27Speaker 00

  I'm just hovering over this dump button over here.

• 26:30Speaker 05

  I know. You guys have got me so nervous about the button. Don't button me. Come on, Stevie. Not yet. I just, it's been 30 seconds.

• 26:37Speaker 03

  Yeah, it's coming.

• 26:38Speaker 00

  It only takes eight.

• 26:41Speaker 03

  Hey, so Terry joins us from California Cardiovascular Institute. Obviously, we've had you on the show before in other avenues with either the Chamber, the Ambassador Committee, with all of the other things that you are involved in. If I gave a list of all the things she's involved in, we'd run out of time on the show. There's only a half an hour. But we're talking about California cardiology now. You're moving.

• 27:11Speaker 05

  So we moved.

• 27:12Speaker 03

  You've moved.

• 27:13Speaker 05

  We moved locations. We are so excited.

• 27:15Speaker 03

  You just moved into the new place, like...

• 27:18Speaker 05

  So we did. We had a little small, little location temporary. And now we are in our regular location. We've been here since the summer. Yes. And I feel like we're already growing out of that, but I don't want to tell Dr. Sandu, but I'm pretty sure we're already growing now. But we can't grow out yet because we're having our ribbon cutting on Wednesday the 2nd.

• 27:36Speaker 03

  Yeah. Wednesday the 2nd for the ribbon cutting, and then six months from now, another ribbon cutting for the...

• 27:41Speaker 05

  Right.

• 27:41Speaker 03

  Next, larger location.

• 27:43Speaker 05

  The bigger.

• 27:43Speaker 04

  Is that a record?

• 27:44Speaker 05

  Yes.

• 27:44Speaker 04

  Is that like a record for business?

• 27:46Speaker 05

  For cardiology. I'm talking to you like about cardiology is growing in this community. Everyone needs cardiology.

• 27:52Speaker 03

  Yes. We all have hearts.

• 27:54Speaker 05

  We all have hearts. If you have a heart, you need a cardiologist.

• 27:56Speaker 04

  You have a heart?

• 27:57Speaker 03

  I do.

• 27:58Speaker 05

  I mean, not everyone. Some people, some people it's questionable.

• 28:01Speaker 03

  It's black as coal, but...

• 28:03Speaker 05

  Hey, you still need to check. You still need to be established with cardiologists. Come on.

• 28:06Speaker 04

  Speaking of hearts, I know there's like studies or tests how they've implemented a, not a fake heart, but they were able to create a...

• 28:16Speaker 03

  Synthetic.

• 28:17Speaker 04

  Synthetic heart, you know, and it goes against every like medical code. Like, is this a living being? Because technically, to classify someone as human is that they have to have a heartbeat.

• 28:29Speaker 03

  But it's not really a heart?

• 28:30Speaker 04

  It's not a heart. Yeah. So is it, is it an actual person? It is crazy. This is, this is back when I was in the nursing, nursing field and everything. We're like, oh, my gosh, like...

• 28:39Speaker 05

  What is this?

• 28:40Speaker 04

  Yeah, what is this?

• 28:40Speaker 05

  And what's happening?

• 28:41Speaker 03

  Are you human or not?

• 28:41Speaker 05

  Are you? I mean, we don't judge.

• 28:44Speaker 04

  No.

• 28:45Speaker 03

  We don't judge. It walks, it talks, it smells like a human.

• 28:48Speaker 05

  Then it must be.

• 28:48Speaker 03

  It must be human.

• 28:49Speaker 05

  It must be. It must be. So we are excited. Yes.

• 28:52Speaker 03

  But the new facility... Obviously, it's a larger facility. So what does it do for cardiology in our community?

• 29:01Speaker 05

  It makes our family members, our loved ones locally in our community have a great place to go to. It is behind Fergati's in Crown Point Medical Center. Back there, we have, it's next to California Neurology Institute, Dr. Verdi's office. Then we have California Cardiovascular Institute.

• 29:18Speaker 03

  Yes.

• 29:18Speaker 05

  And then right next to it is OBGYN Institute. So right between OBGYN and neurology, I may or may not market those offices as well, is right in the middle is California Cardiovascular Institute. We have Dr. Sandu, Dr. Puga, Dr. Singh, and Dr. Patel.

• 29:34Speaker 03

  All great guys.

• 29:35Speaker 05

  Amazing. Personally and professionally, they are amazing. But if your family has to see them because of their heart, they are in the best care. It's so important to let everyone know you do not have to leave Kern County to get the best healthcare. Like, these specialists are here. They are amazing. We're growing, we're thriving.

• 29:51Speaker 03

  So if you harden your arteries at Fergati's, you can go right across the parking lot. You're right there.

• 29:58Speaker 05

  You're right. And we're talking about this marathon. Everyone's talking about the marathon tomorrow. Right? You guys were asking if I was running.

• 30:03Speaker 04

  Are you?

• 30:06Speaker 04

  She was so ready.

• 30:08Speaker 04

  No, the reason I asked is I

• 30:10Speaker 05

  I look like I'm gonna run?

• 30:11Speaker 04

  Yes, yeah, yeah.

• 30:11Speaker 05

  I thought so. I thought that's why you're asking.

• 30:13Speaker 04

  No, I ran a marathon once and never again.

• 30:16Speaker 05

  You look like you run marathons.

• 30:18Speaker 04

  No, I know.

• 30:18Speaker 05

  You look like you lift weights.

• 30:19Speaker 04

  I don't know. I don't know how I survived that marathon. It was an LA marathon.

• 30:23Speaker 05

  Oh, so you're really a show off.

• 30:25Speaker 04

  No.

• 30:26Speaker 05

  Yes. Yeah. Marisol, my partner, she ran the Bakersfield Marathon too. I think she blew out her knee or did something. Her heart still, her heart is still beating, but, but no, thank you. No, thank you.

• 30:37Speaker 03

  But you guys are gonna be there at the marathon for like checkups afterwards, right?

• 30:42Speaker 05

  We're not gonna be at the marathon. We're gonna be waiting at our office Monday morning for a call. If anyone needs their heart checked, we got you. We've got you. We are ready.

• 30:48Speaker 03

  Okay, if you have an arrhythmia after the marathon, go talk to Dr. Sandu after the fact.

• 30:53Speaker 05

  Yes, please. We will get you in 8:15 Monday morning. Like, I support the community and all that they're doing and their running and their activities, but let's, let's check the heart. Let's check the heart.

• 31:01Speaker 03

  Oh, boy.

• 31:02Speaker 05

  But yes, so we are excited about our Been cutting new, new things. We're having a good thing. We'll have a DJ. We have zero proof, non-alcohol beverages. We have the mayor coming out to bless us and kick us off. The Bakersfield Chamber, Janelle Capra and her team are always amazing.

• 31:17Speaker 03

  They're amazing.

• 31:18Speaker 05

  Yes. Lino's catering. I mean, you have to come for the food, right? But you should actually come to see the office. It's always nice to come, visit the office and get, and you can kind of see what's going on. So if you ever have to come, you're not as nervous.

• 31:29Speaker 03

  Is it about the same size as Neuro? Cause I remember going out to the Neuro ribbon cutting about a year ago.

• 31:36Speaker 05

  You did. You were there and I appreciate you. You've always been super supportive and I appreciate that. Yes, we had a super successful ribbon cutting for California Neurology Institute, Dr. Verdi, Dr. Sandu, Dr. Natalee. But yes, so the buildings kinda are, are the same.

• 31:48Speaker 03

  Similar, okay.

• 31:49Speaker 05

  Same size. Yes.

• 31:51Speaker 03

  And then that one's, if I remember right, that was pretty sizable.

• 31:56Speaker 05

  That was pretty sizable building and a pretty successful ribbon cutting.

• 31:59Speaker 03

  Yeah.

• 31:59Speaker 05

  Come on, come on, you know, so can you imagine?

• 32:01Speaker 03

  But I'm just saying though, if you're saying that you're already in a position where you're like, I think we might be outgrowing this place for the California Cardiology.

• 32:11Speaker 05

  California Cardiovascular Institute. Yep. We are, well, we have four specialists there and, and a nurse practitioner, Mariana. So that just means we're growing and we're looking to grow.

• 32:22Speaker 03

  Yeah.

• 32:22Speaker 05

  Kern County's impacted with cardiologists. We need more. We, we are growing. So we, we are always recruiting and we're looking to join our team. So with that said, we need more exam rooms and more room. So there's always, but there's always locations here in Bakersfield that we can expand to as well and our partners.

• 32:36Speaker 03

  But we also have to remember that here in Kern County, statistically, we're also not the healthiest county in the world, right? So we, we, we have cardiovascular issues and diabetes and all those other things. And so what other things is California cardiovascular doing to help alleviate?

• 32:58Speaker 03

  Because I know that Dr. Sandu is really big on the preventative.

• 33:02Speaker 05

  He is.

• 33:03Speaker 03

  All of you guys are big on the preventative.

• 33:05Speaker 05

  That health and wellness is so important to him. He's so passionate about it. So he has, we're doing a ton of things in the community. We've started health, education and wellness talks with different organizations in the community, BPD, our fire department.

• 33:21Speaker 03

  The Chamber.

• 33:22Speaker 05

  The Chamber we did. We are getting ready to partner with a few other avenues and also the Teacher Association, Kern High School Association. So our doctors are amazing. They go out and do health and wellness talks. We have presentations that we go out and speak to the staff. So if you are listening and you have a company and your company has not, does not have a health and wellness program, or if you want to get started or you do, reach out to us because we are so big on coming to you, providing that education and that piece. And it's so nice to be able to have a specialist come to your business.

• 33:54Speaker 03

  Right.

• 33:54Speaker 05

  And listen to health and wellness and get to just have a real open friendship conversation.

• 33:58Speaker 03

  Because I will say, I learned something from Dr. Sandu, just from that one talk when we were at the Chamber. And it's like, wait, and it was,

• 34:10Speaker 03

  the way he said it was about trans fats, right? Everybody's trans fats, trans fats. And he said, butter's not bad. Butter is not bad.

• 34:24Speaker 05

  But how much butter?

• 34:25Speaker 03

  Yeah, right. How much butter? Yeah. Butter's not bad for you. Margarine's actually worse for you than butter. Right? And I was like, oh, okay. So I should probably not be using the, I can't believe it's not butter.

• 34:38Speaker 05

  Right.

• 34:39Speaker 03

  That's, that's not good for you.

• 34:42Speaker 05

  So out of his whole entire talk, that's what got you.

• 34:44Speaker 03

  That's what I, that's what it got me.

• 34:45Speaker 05

  That's great.

• 34:45Speaker 03

  You know, if you get one thing.

• 34:47Speaker 05

  Absolutely. It's, it's a win.

• 34:48Speaker 03

  Take that.

• 34:49Speaker 05

  It's a win. He starts talking about Starbucks and I tune him out. But he says Starbucks is not bad as long as it's all black. But the way I'm looking at my coffee, I'm like, who brought this guy? Delete this slide. But he's just so real with it. And he's so authentic. And it's, the whole group is like that. We have Dr. Puga, Spanish speaking. We just were out in Delano, talking to Delano PD. And it's just so good to see the way they relate with us and our families. So it's, yes, it's super important that health and wellness talk and education. In the field and they're taking their own time before clinic during lunch whenever they can, like you said, like that chamber with like 80 chamber members. It was super successful. Yes. It was standing room only, but I, I, I don't even think they realize how important, how much we want as regular people want to hear from them and the community

• 35:32Speaker 05

  and, and our works and our friends and first responders, law enforcement. We want to hear from these guys. So into them, it's just like, oh, let me just, let me just pop in and give a little talk and it's so, it's comes with such value.

• 35:43Speaker 03

  So what we're going to do though, we're going to take a quick break and when we come back, I want to talk to you a little bit more about the heart of the city foundation.

• 35:49Speaker 05

  Oh, my passion. You got it.

• 35:51Speaker 00

  Need to get your financial fix on the go? If so, subscribe to the money wise podcast and catch up on all past shows.

• 36:12Speaker 05

  Wait, can the listeners hear this song?

• 36:15Speaker 03

  Welcome back.

• 36:18Speaker 03

  Welcome back. The money wise show. Terry over here.

• 36:22Speaker 05

  I love Tyler. Let's go Tyler, the creator. Let's go Friday. You knew.

• 36:28Speaker 03

  Got a couple of messages came in during the break. Oh, my favorite person, Terry. She has the biggest heart and was, was a nice surprise hearing her on the show. What specific screenings are most valuable for early detection of heart disease? Also, how many doctors will be in the new location?

• 36:46Speaker 05

  So our new screenings come in, get established, make an appointment, come in and get established with our cardiologists. Also, we have four, we have four specialists. We have Dr. Sandu. We have Dr. Puga, Spanish speaking. We have Dr. Singh and we have Dr. Patel. And then we have nurse practitioner, Manana Nelson, who's amazing. And we will be growing. Help us recruit to Bakersfield and some more cardiologists. But yes, the four are amazing. Very well established. Great group for sure.

• 37:12Speaker 03

  And they will get you the screenings that you need.

• 37:14Speaker 05

  Absolutely.

• 37:15Speaker 03

  Just set the appointment.

• 37:16Speaker 05

  Set the appointment and we'll get you the proper screening.

• 37:17Speaker 03

  They'll hook you up with the screenings and yeah, insurance. And even if you don't, even if you don't have the insurance or whatever, it's not super expensive to get some of those screenings.

• 37:26Speaker 05

  Not for the screening. Not for the screening. We'll get you in. Don't worry. Like not, don't let, do not let that be a problem.

• 37:31Speaker 03

  Yeah.

• 37:32Speaker 05

  Please.

• 37:32Speaker 03

  What time is the ribbon cutting on Monday? Also, thank you Money Wise for joining us out at our Cap K Food Bank today. First time listening to the show, didn't know you guys were so famous. We're not.

• 37:43Speaker 04

  Not, no.

• 37:44Speaker 05

  Yes, they are.

• 37:44Speaker 03

  What a great team. You guys kicked butt. Yes, we did. We did a lot of food. We put a lot of boxes together today.

• 37:51Speaker 04

  12 pallets?

• 37:52Speaker 03

  12 pallets. My calves are killing me.

• 37:54Speaker 05

  You guys do a lot. Your whole group, you guys do a lot and show it for the community. So I'm thankful. I see you. That doesn't go unnoticed. But please, yes, mark your calendar, Wednesday, April 2nd. Arrival time, 3:30 ribbon cutting, 4 o'clock. Mayor Karen Go does not play, like, we have to be right on time.

• 38:11Speaker 03

  If you're not on time.

• 38:12Speaker 05

  If you're not on time, that's okay.

• 38:13Speaker 03

  She starts on time and she's out of there on time because she's got another thing to go to.

• 38:17Speaker 05

  She will be out of there by 4:17, but no problem. It's okay. You will, if you can't make that 4 o'clock presentation, please come. We'll be out there celebrating until 6 or 6:30. It is 8337 Brim Hall Road, Building 1200. Please come out, but yes, arrival time 3:30 ribbon cutting 4 o'clock, but we'll be celebrating until 6 or 6:30. I don't know, Marisol might be out there until 8 or 9. I don't judge. But please come celebrate with us. Please tell your friends.

• 38:43Speaker 03

  Okay, moving on. Heart of the City Foundation. This is a youth program, right?

• 38:48Speaker 05

  This is a youth program, also a passion project from Dr. Sandu. Has a couple of them because he is so big about giving back to the community. This came about actually from Irene Sandu, Dr. Sandu's daughter. She said her and her friend from Stockdale needed volunteer hours. They started volunteering at ADA KC, the local Alzheimer's Disease Association of Kern County, after school to get hours for volunteer time as freshmen. They had such a good time, but while they were out there, of course, Irene with Sandu, Dr. Sandu's daughter, would notice that ADA KC, who serves all these clients who are on the journey of Alzheimer's and dementia.

• 39:21Speaker 03

  Right.

• 39:21Speaker 05

  There was no AED machine. So a client or if a loved one in the program.

• 39:27Speaker 03

  Would have a cardiac arrest or something, yeah.

• 39:29Speaker 05

  Then there was no AED machine, so of course she comes back and tells her dad there's no AED machine. So in the meantime, we have these ambassadors for Heart of the City come together. We have Dr. Singh's son, we have Jason Wells' son, and also Dr. Sandu's daughter. Daughter along with some other amazing kids in the community come together and they donated back to ADA KC with the help of fundraising and of course their amazing parents. Um, and donated an AED machine. Let me tell you how amazing this was. Do you know that ADA KC Alzheimer's Disease Association of Kern County? Put up that AED machine and had training within an hour, a client went into cardiac arrest.

• 40:03Speaker 03

  And they needed it?

• 40:04Speaker 05

  And they needed that. They took that machine off the wall. The, yes.

• 40:08Speaker 03

  And needed to use it right then.

• 40:10Speaker 05

  Within an hour and the EMS that came said that would have been a bad situation without it. Talk about timing. Timing is everything and it was so important. So since then.

• 40:19Speaker 03

  There's no coincidences, right?

• 40:20Speaker 05

  There's none. I know. I don't want to get too spiritual or offend anybody, but let me tell you. I already told you when I started the show, I, I, I love the Lord, but I, but I, I send blessings and sins. So yes, that was amazing. The heart of the city kids, the youth and bad, youth ambassadors. They also donated also to come to find out the dignity sports complex. Um, also all these athletes that come through there, Dr. Sandu's sons, they play basketball there. A ton of athletes go through there. The coaches, the staff, everybody's amazing. They were not, nobody, any of the coaches or volunteered staff were not CPR certified and no AED machine. So we came together with our ambassadors over the summer. We got to fundraise with the help of our community healthcare, um, partners and donate an AED machine.

• 41:03Speaker 05

  And also fund, um, 95% of the, uh, coaches and volunteers to be CPR certified. That I just thought like, how can an organization run like that without it?

• 41:13Speaker 03

  How much does one of those AED machines really cost? They're really not that?

• 41:16Speaker 05

  Much. I can't re, I think.

• 41:17Speaker 03

  They're about 4,000?

• 41:18Speaker 05

  Around 4,000. No more than 4,000.

• 41:21Speaker 03

  But that's really not that much.

• 41:23Speaker 05

  And then to put it to use and then you need the, you need the train, but every, so now that you start looking around when you're out and about now and when I'm in different offices and around town. I'm always looking like, who has an AED machine in here? A lot of people don't.

• 41:34Speaker 03

  We most don't.

• 41:35Speaker 05

  I feel like we, we need to talk to our, we need to talk to somebody, right? Who, who are we going to call? We're going to call because it just like you need exchanging, you need fire alarms and all the things. Fire safety, I think you should have an AED machine.

• 41:45Speaker 03

  Yeah. I mean, it's one of those things where it's like, yeah, you're, you're required to have a, a fire extinguisher.

• 41:50Speaker 05

  Right. But you don't have to.

• 41:51Speaker 03

  But you're not required to have an AED.

• 41:53Speaker 05

  No, no, it's so, it's, it's crazy.

• 41:55Speaker 03

  It seems kinda like.

• 41:56Speaker 05

  It should be part of the process.

• 41:58Speaker 03

  Probably part of the thing you should have, right?

• 42:00Speaker 04

  You need to get one. MoneyWise needs to get one.

• 42:02Speaker 03

  Probably should.

• 42:02Speaker 04

  Yeah, with how much, with how much stress you give me?

• 42:04Speaker 03

  Hey, did it what?

• 42:06Speaker 05

  So, we're gonna, this is gonna be our next target employees, health and wellness for, for cardiology talk, please, yes.

• 42:12Speaker 03

  Right, we might need it.

• 42:13Speaker 05

  Yes, so we've done that. We've also partnered, we did a really good fundraiser. We partnered with Houchen Blood Bank for the LA fires. We got the Heart of the City ambassadors came together. We got to donate with the help of the community and go to LA and, and deliver, uh, school supplies, necessities, all kinds of good things for the kids, books.

• 42:32Speaker 03

  Yeah.

• 42:32Speaker 05

  Uh, it was, it was super successful. I'm looking at Marisol, like, what else did we donate? We loaded the cars and with the help of Advanced Beverage, do you know they donated a van and a driver for us to load up all the donations and their driver followed us and met us in LA to deliver all these goods?

• 42:47Speaker 03

  Wow.

• 42:48Speaker 05

  That was so nice of them. Yeah. Can you imagine that driver? We made his day the best day ever. But thank you to Advanced Beverage for that. Ken Willett always comes through. I appreciate that. But yeah, so that was good. We also partnered with the Ivy Assistant Living during the holidays and the Heart of the City kids got to go do, um, arts and crafts for the holiday, spread some holiday cheer. It's just a good group of kids. So we are looking, if you have anybody around eighth grade to freshmen in high school, looking to do some good things to give back, please follow us. We're doing that. That's amazing as well.

• 43:17Speaker 03

  And that's all Heart of the City.

• 43:19Speaker 05

  Heart of the City Youth Ambassadors. That's all targeted to youth.

• 43:21Speaker 03

  And that's for, you know, we always talk about kids that are needing to add hours for service hours for their brag sheets for college, right?

• 43:30Speaker 05

  That's exactly right.

• 43:31Speaker 03

  It's all, everybody's trying to add to their college resume, right? So they can get into those colleges. Definitely need to do that. And how, how could you not feel good about, you know, putting an AED over at ADAKC and an hour later, saving somebody's life?

• 43:48Speaker 05

  Crazy, crazy.

• 43:49Speaker 03

  Right?

• 43:50Speaker 05

  Also, I know we're, we're running out of time because I have kid talk. Can you please have me back on this show so I, so I can continue? One more passion project geared to seniors and this is Thrive and Purpose. Please follow along. You're gonna hear a lot. More about it. This is huge and this is targeting our seniors in the community who are in that middle class, not, not lower, not enough where they need medical assistance, not high enough where they have all their funds, but in the middle thrive in purpose. But please like and follow us on social media.

• 44:15Speaker 03

  We'll make sure all of that is, all of that information will be on the podcast notes. So please download the podcast and get those notes. We'll be there. And thank you very much, Terry, for joining us today. Everybody have a wonderful weekend, a wonderful MoneyWise weekend. Be smart, be safe, be money wise. We'll see you next week.

• 44:35Speaker 05

  Thank you.

• 44:36Speaker 02

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