Pod Insights The Moneywise Guys 6/6/25 From Housing Markets to Hoops: Economic Insights, Youth Camps & Workplace Wisdom About this episode The Moneywise Radio Show and Podcast Friday, June 6th 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: Ari Wideman, Head Coach of the CSUB Women's Basketball Team Website for youth basketball summer camp: www.csubcamps-wbb.com/shop/EVENT
Transcript 0:00 Speaker 00 From the Garo Ellis padded radio room off Stockdale Highway, here is Money Wise.
0:06 Speaker 01 Call or text into the show 24/7 at 396-1000.
0:39 Speaker 00 Here is Money Wise.
0:40 Speaker 01 Money, money, money, money.
0:44 Speaker 00 That's right.
0:49 Speaker 02 Oh, I love that sound.
0:50 Speaker 00 It's Friday.
0:53 Speaker 02 Fri-yay.
0:54 Speaker 00 Fri-yay.
0:56 Speaker 02 That's right.
0:57 Speaker 00 That's right. Taking you into the weekend. We're here in the Money Wise radio room off Stockdale Highway. And I'm your host, Justin Leland, here with?
1:06 Speaker 02 Troy Dinkins.
1:07 Speaker 00 That's right.
1:07 Speaker 02 Second week, second time in a week.
1:10 Speaker 00 Yeah, that's right. We've got a great show for you today. We're bringing in Ari Wideman, the head coach for the CSUB. That's Cal State University of Bakersfield, women's basketball coach.
1:19 Speaker 02 Yes.
1:20 Speaker 00 A great coach over there with the women's team. And they've got a summer workout, a summer camp going on for kids over there. So, we're going to talk about that in the second half of the show. Can't wait for that. She's always, she always brings the fire.
1:37 Speaker 02 She does.
1:37 Speaker 00 She, she brings it.
1:39 Speaker 02 That's right.
1:40 Speaker 00 And I'm going to, I'm going to ask her about that, that final shot last night.
1:45 Speaker 02 What shot?
1:45 Speaker 01 What shot?
1:46 Speaker 00 What shot?
1:46 Speaker 01 What are you talking about?
1:47 Speaker 00 What?
1:47 Speaker 02 Oh, Hallie Bomb.
1:48 Speaker 00 Yeah.
1:50 Speaker 02 Hallie Bomb.
1:51 Speaker 01 Yeah, well, they were calling him Hallie Curry last night.
1:54 Speaker 00 Oh, my goodness.
1:56 Speaker 01 Fourth time, fourth time in this playoff series. He's had a buzzer beater.
2:01 Speaker 00 So my question to you, Mr. Steven, who said it was gonna be OKC in in five.
2:07 Speaker 01 Still going with it.
2:08 Speaker 00 You still you still think OKC is in five, huh?
2:10 Speaker 02 I I I concur with Steve.
2:12 Speaker 01 I'm going with OKC.
2:13 Speaker 00 They're gonna sweep it out from here.
2:14 Speaker 01 I I think if you're gonna lose, you might as well lose it in game one, wake you up and I don't think any team in the NBA could beat OKC four times.
2:22 Speaker 02 I would never go for the Eastern Conference.
2:24 Speaker 01 Well, I would if it was my Bulls, but I can't I can't do it with the Pacers.
2:28 Speaker 00 Well, I know, but it's I'm I'm just saying, you think that OKC is gonna win four straight from here on out?
2:33 Speaker 01 They they had that game.
2:34 Speaker 02 I'm not gonna say that. I think they'll probably.
2:37 Speaker 01 I will. I will. I'm still going with OKC.
2:39 Speaker 00 I'm I'm thinking in six.
2:41 Speaker 01 I'm thinking five or six. Yeah, but I'm going with five. I think if you watch the game, which I I caught the second half, it looked like they put it in cruise control about mid third quarter. They had that game.
2:52 Speaker 00 Yeah.
2:52 Speaker 01 I mean, they had, what, 25 turnovers from from the Pacers, but they got lazy. They got they got.
2:58 Speaker 02 Real lazy.
2:59 Speaker 01 They got real lazy in the second half, and that's a team like the Pacers you don't do with.
3:03 Speaker 00 No.
3:04 Speaker 01 Because they'll come back and they did.
3:05 Speaker 02 Yeah, the Indiana Pacers, they were plus 350 or 360 or something like that at the beginning of the game.
3:10 Speaker 01 And what's funny is they OKC was favored nine and a half last night, and for game two on Sunday, it actually went up. So OKC is favored 10 and a half now.
3:20 Speaker 00 So, yeah, the the betting odds are saying they woke up. It's like you woke up the you woke up the dragon.
3:26 Speaker 02 I don't know about the 10 and a half.
3:28 Speaker 01 Yeah, I think it'll be more than that. I personally think if if you watched OKC, usually when they lose, they usually come back and win by 20.
3:36 Speaker 00 Yeah. Maybe, maybe.
3:39 Speaker 01 It should be a good one, though.
3:40 Speaker 00 But how about them Oilers?
3:41 Speaker 01 Right?
3:42 Speaker 00 In OT.
3:43 Speaker 02 They won?
3:43 Speaker 00 They won in OT. That was.
3:45 Speaker 01 Series.
3:45 Speaker 00 They scored the first goal, which was in the first minute, right? In like the first 66 seconds, they wind up scoring, and then they go down three to one.
3:53 Speaker 01 Isn't the same guy that scored the first one as this last one scored the last one in overtime?
3:57 Speaker 00 Yeah, and Drysaddle, dude, it was awesome. And so, yeah, OT.
4:04 Speaker 02 Since we handed out how abouts, how about Aaron Rodgers?
4:08 Speaker 01 Who?
4:08 Speaker 02 Aaron Rodgers.
4:09 Speaker 01 Yeah.
4:10 Speaker 02 I knew you guys would say that's why I brought him up.
4:11 Speaker 01 Yeah.
4:12 Speaker 00 I thought he was going to the Saints. I honestly thought he was going to the Saints when when Derek Carr retired.
4:18 Speaker 01 Well, he came out and said, I loved playing against the Saints. He said, but I'm too old to be living in Louisiana. So, okay. And
4:26 Speaker 00 So Pittsburgh, Pittsburgh sounds better.
4:28 Speaker 01 You put him, Tomlin and DK Metcalf in that same locker room, that is not going to turn out well.
4:33 Speaker 00 No.
4:33 Speaker 02 No. No, too many personalities.
4:36 Speaker 00 Too many personalities. I think that that puts them in last place in that division.
4:43 Speaker 01 And it's not like the NFL didn't know they got they got the Steelers playing the Jets week one. And then week eight, they had the Packers playing the Steelers.
4:50 Speaker 00 Oh, yeah.
4:50 Speaker 01 He's playing his old, all his old teams and they're going to make money off that. Oh, yeah.
4:55 Speaker 02 Oh, yeah. Primetime game. Oh, yeah.
4:57 Speaker 01 Of course. They know what they're doing.
4:59 Speaker 02 They play the Dolphins?
5:01 Speaker 01 Yep. They do.
5:03 Speaker 00 Yep.
5:03 Speaker 01 We'll see.
5:04 Speaker 02 So they got the AFC.
5:05 Speaker 01 I still think the Steelers will be trash, but if if Tua can stay healthy, then we have a good chance. If not, it's gonna be bad.
5:13 Speaker 00 I'm just thinking Pittsburgh is going to wind up being in dead last place this year because of all the chemistry issues. That's and and a 42 year old quarterback that
5:25 Speaker 00 is on ayahuasca half the time.
5:27 Speaker 01 He'll be 42 this year.
5:29 Speaker 00 He's gonna be 42. You don't get, I mean, you're not Tom Brady. I'm sorry, Aaron. You're not. You're not Tom Brady.
5:37 Speaker 01 Ouch.
5:37 Speaker 00 So.
5:38 Speaker 02 It's gonna be interesting. I can't wait.
5:40 Speaker 00 Yeah. So, hey, we we are a financial firm, so we probably should talk about what happened in the markets today. What happened?
5:48 Speaker 02 They're up.
5:49 Speaker 00 They were up today, actually substantially.
5:51 Speaker 02 Dow, the dumb Dow is up 1% today. S and P 1%, Nasdaq 1%.
5:57 Speaker 00 And even more.
5:57 Speaker 02 Oil 2.2.
5:59 Speaker 00 Even more importantly than that, the S and P reclaimed 6,000, closed above 6,000 again today, first time. Yeah.
6:09 Speaker 02 Let's take a look at that.
6:10 Speaker 00 Yeah. So it kind of a psychological number. I'm not a big fan of, you know. Oh, it's up. It's at six. No, but most people will put a certain level of psychological.
6:22 Speaker 02 Whole numbers.
6:23 Speaker 00 Whole numbers, right?
6:24 Speaker 02 Yeah.
6:25 Speaker 00 You know, nobody says, ooh, the, the, the S and P 500 closed at 5,632.
6:32 Speaker 02 Let me see. Is it up this year? Let's see here from January.
6:35 Speaker 00 Yeah. Uh, the Dow actually now erased all of its losses for 2025. It's now in positive territory for the year. Congratulations. We made it through half the year and finally got back to positive territory.
6:47 Speaker 02 Uh, S and P is actually flat.
6:49 Speaker 00 Yeah. S and P is a little bit flat. And then I think the NASDAQ is, is the NASDAQ up for the year? Or are they still a little bit tied?
6:55 Speaker 02 Still a bit lower.
6:56 Speaker 00 Still low.
6:57 Speaker 02 Yeah.
6:58 Speaker 00 We're getting there.
6:58 Speaker 02 We're getting there.
6:59 Speaker 00 We're getting there.
7:00 Speaker 02 Yeah.
7:00 Speaker 00 Um, but it kind of comes off of the jobs report. So the jobs report this morning came out and, uh, showed that in May, uh, 132,000 jobs were created in May. And wouldn't you know it, 80% of those jobs were where? Healthcare and hospitality. So, um, yeah, healthcare and hospitality drove the economy as far as job creation, uh, last month. And they also downgraded, um, the months of March and April by a combined total of 95,000 jobs downward revisions.
7:41 Speaker 00 So the market, the, the labor market is actually softening a little bit faster than, or a little bit more than expected. Um, now the unemployment number is still at 4.2. It's staying right where it's at. The unemployment number is exactly where it's kind of stayed. It hasn't, it, yeah, that's where it kind of needs to stay. Um, but the, the new jobs, uh, jobs being created, the, the psychological number for that one is 200,000, right? We, we need, you know, for.
8:13 Speaker 00 For the United States economy to continue growing at the pace it needs to grow, we need to have 200,000 jobs created each month, right? Just to keep pace with the number of births.
8:25 Speaker 02 Gotcha.
8:25 Speaker 00 Right? And if we're below that, then we're starting to lose ground.
8:31 Speaker 02 So it almost sounds as if we're not headed for a recession. We did have one negative GDP quarter.
8:38 Speaker 00 Yeah, the first quarter was a negative point three. We'll see what the numbers come at in, you know, we're the final month of the second quarter. We don't know what's going to happen.
8:48 Speaker 02 But that will spark a big catalyst for the market, obviously, because if we do have another negative GDP number, right?
8:57 Speaker 00 A lot of people would say that that's a recession. It's not a recession. It's a harbinger, some people would say. But we have to wait for, you know, government statistics and for them to actually come out and say, yes, we're in a recession or we're not in a recession. I don't believe we are headed for one, at least not yet.
9:23 Speaker 00 You know, but for the jobs report to come out as soft as it was, the bond market didn't like it. And when the bond market doesn't like something, usually the stock market likes it. So that's why the markets are up today because it says, hey, this means that the Fed is most likely going to start maybe reducing rates. And we all know that the White House has been pressuring the Federal Reserve to lower interest rates. And in fact, today, after the markets opened and we got the news of the jobs numbers, President
10:04 Speaker 00 Trump did tweet out, or truthed out, that Fed Chair Powell needed to reduce rates by 100 basis points or a full percentage point. That he was too late. I don't believe that he's too late. I think that they're doing the right thing by not reducing rates too quickly, because if we do reduce rates too quickly, then we run the risk of sparking inflation again, right? And that's you have this double edged sword by doing that. So I think the Fed is doing the right thing, keeping inflation in check. It's, you know, core CPI right now is at 2.1 and unemployment is at 4.2. That's, that's the Goldilocks zone.
10:47 Speaker 02 Yeah.
10:48 Speaker 00 Yeah, it's right where we want to be. That's spot on where we want to be. Now, if the mark, if the the jobs numbers start to soften further, then yes, we'll probably start seeing quarter basis point reductions in the the the interest rates from there. But you're not going to see this, you know, 1% kind of drop. You're not going to see this nine times in a in a row kind of dropping like they did in Europe. You know, so our economy is still humming along, still doing pretty darn good. Tariffs really have not hit us yet as far as in the marketplace.
11:31 Speaker 00 I know a lot of the tariffs have been paused, but you know, who knows what happens when when that happens.
11:38 Speaker 02 Any any updates on the semiconductor chips?
11:42 Speaker 00 You know what? No.
11:48 Speaker 00 Don't know. They're they're they're still being made in Hong Kong, Shanghai, wherever. But no, no idea what's going on with those at this moment. But yeah, that the tariffs have been paused and that's kind of what's going on there. We have a couple of questions that came in over the
12:09 Speaker 00 Over the airwaves, over the text, and we'll get to those when we come back. But I want to say that if you want to join the show, by all means, call or text into the show 24 hours a day, 661-396-1000. We love the interaction, so please join us and we'll hit those questions when we come back.
12:27 Speaker 01 Money Wise Wealth Management is the only locally owned, independent firm that uses a comprehensive wealth, tax, and estate approach, working closely with a highly trusted CPA and attorney for information on how Money Wise can help you invest and plan for your future. Call 661-847-1000. That's 661-847-1000.
13:06 Speaker 00 Welcome back.
13:09 Speaker 00 Steven, you remember the music video? You ever watch?
13:12 Speaker 01 Oh, yeah.
13:12 Speaker 00 That was trippy.
13:13 Speaker 01 Yes. You're taking me way back.
13:16 Speaker 00 That's the Wayback Machine.
13:17 Speaker 01 Made me feel old.
13:18 Speaker 02 What is this?
13:19 Speaker 01 This is Slipknot.
13:21 Speaker 02 Oh, come on.
13:22 Speaker 01 It's Pantera.
13:22 Speaker 00 It's Pantera.
13:26 Speaker 02 We got a couple of messages here.
13:27 Speaker 00 Pantera, Planet Caravan, that video. And if you're in an altered state, that is not the video to watch.
13:35 Speaker 02 I don't know anything about being in an altered state. I don't know what you're talking about.
13:38 Speaker 01 Me neither.
13:39 Speaker 00 No, no.
13:40 Speaker 02 Anyways, here's the message. It says, "Sorry if I'm late to this, but had a long drive to Sacktown." Hey, Sacktown. "And caught up on my Money Wise shows and wanted to send this."
13:50 Speaker 00 Hey, thank you for listening to the podcast and getting all caught up. I like that.
13:53 Speaker 02 Yeah.
13:53 Speaker 00 You got all that time to drive into Sacktown. Go for it.
13:55 Speaker 02 Yeah. So, "The Fed says it's taking a cautious approach because of uncertainty in fiscal and trade policy. Do you guys think this cautious stance helps, hurts consumers here where high housing costs and inflation have already been stretched, budget's thin? Thanks. Have a great weekend."
14:11 Speaker 00 Yeah, that's a great question. I think we kind of hit it a little bit at the end of the last segment, but yeah, the Fed is taking a very cautious approach. Remember, the Federal Reserve has the dual mandate of full employment and low inflation.
14:32 Speaker 00 And they've done a pretty decent job of having to walk that tightrope for some time. Now, if we're talking about locally here in Kern County or in California, you know, where cost of living is a bit more expensive than your run of the mill rest of the country, yeah, inflation hurts. Don't get me wrong, but I will say that the cautious approach that they're taking is not.
15:06 Speaker 00 Let's remember, when we have the chaos that's happening of tariff policy and the economic policy and then the court cases that are being brought up. Let's not forget that, that tariffs are being issued. And no sooner that they get issued than they're being challenged in court. And so there's all of these unknowns. And then there's, to paraphrase, there's unknown unknowns. Like there's things that are out there that you cannot,
15:42 Speaker 00 you cannot plan for, right? And so you have these 12 Fed governors around the country that are looking at all the data and they're data driven. And you have business owners that are trying to make decisions on how they're going to run their business based upon what's happening in the economy and what's happening with tariffs. And you try to make heads or tails of it.
16:09 Speaker 00 So of course they're going to be cautious. So I applaud the Fed for doing what they have been able to do. Do I think that they have room to lower interest rates? Probably do. They probably do have room, but not much, right? Because if they do, and then tariffs do take off, and they are deemed as being constitutional or legal.
16:33 Speaker 00 Well, inflation just takes off again, right? So they're being very cautious about that because if the tariffs do go into into effect, prices do go up and then you have inflation that kind of takes off again. So they have to tamp that down. How do you do that? You raise interest rates. So what's the point of lowering them if you're just going to have to raise them again? So they're being very cautious for a reason. Hope that answers that question.
16:58 Speaker 02 Okay.
16:59 Speaker 00 All right.
16:59 Speaker 02 Here's a second question. It says, how much AI is being used in the financial world? Do you see a time in the future that it will continue to obviously help others retire or trade? Weird times, but super interesting.
17:10 Speaker 00 Okay. This is a loaded question. So AI. Now, AI is a fantastic tool, but it is just that. It's a tool. And in the financial world, it is, it can be used for, it can be used for, for, as a tool, right?
17:39 Speaker 02 Yeah, it's just a tool.
17:40 Speaker 00 It's, you know.
17:41 Speaker 02 Supplement, like protein powder.
17:43 Speaker 00 Yeah, it's, it's, it's a good supplement. It's, it's like taking your vitamins, right?
17:47 Speaker 02 Yeah.
17:48 Speaker 00 Now, using AI in a scenario to take trades or, you know, buys or sells, or, or to provide financial advice, that's where things get funky and weird. And let me give an example. We have a question here from a, an individual says, I'm 57, with a $1.5 million home and a $400,000 rental with a 7.4% mortgage. I'm getting a $375,000 check soon and my financial advisor told me not to pay off that loan with it. And I'm not 100% convinced. Who's right?
18:33 Speaker 00 Now.
18:35 Speaker 00 There is no way. That Claude or ChatGPT or any other AI bot. Is going to be able to accurately take that type of information.
18:50 Speaker 00 And. Give a, an accurate or well thought out.
18:56 Speaker 02 Yeah, an objective answer.
18:57 Speaker 00 An objective response.
18:59 Speaker 02 It will give pros and cons of each scenario.
19:01 Speaker 00 Right, and, and, but it's, and it's also not going to ask for follow up questions because I look at that and I'm like, whoa, whoa, whoa. Timeout, there's way more questions I have.
19:11 Speaker 02 Questions, yeah.
19:12 Speaker 00 There's way more deeper down on that. Okay, how much do you owe on that condo? You just, you just gave me the value of the condo, you didn't say you, what you owe, do you owe anything on the condo? He says you do, how much? Do you owe anything on your primary residence? Do you have retirement, uh, benefits? Do you have 401Ks, 403Bs? Do you have a trust? Do you have a, are you self-employed or are you employed W2? You know, do you have a side business, a side, what? What is the holistic? Totality of your financial situation?
19:49 Speaker 02 Yeah.
19:50 Speaker 00 Now I can do a little bit better digging. Okay. Now I can, uh, determine what the best. Plan of attack is. Just throwing up a question like that and say, and, and taking that exact question. Plopping it into a large language model. Um, might give you a, a rudimentary answer, but it's not going to get you.
20:13 Speaker 02 Find out.
20:14 Speaker 00 You're, you're, you're going to do it right now. And it's not gonna. It's not going to give you the, the kind of answer that you think it's going to give you. So while AI is a great tool and it's going to be able to help. But Troy, you and I went to a conference, what was it? Not last October. Yeah, we went, we went to a conference a year and a half ago or so. And it seemed like every single breakout session was about AI. And I will say. That the one thing I took out of that. Was that there were, there were advisors in that room in those workshops that were honestly worried
20:56 Speaker 00 that AI was going to take their jobs. There were guys in there that were, were worried.
21:01 Speaker 02 Yeah.
21:01 Speaker 00 Right? And what I took away from that honestly was this, that
21:09 Speaker 00 if you were worried that AI was going to take your job, you're right. Okay?
21:17 Speaker 00 If you were an advisor who was going to learn how to use AI properly and use it to your advantage and be able to use it as a tool as it's intended to be used and use it to deepen your relationships with your clients and to deepen and make your relationships better and provide better financial advice for your clients utilizing it as a tool. Then it's going to enhance you as a, as an advisor and as a planner.
21:46 Speaker 02 So what you're saying is AI is not going to take your job, but the person who knows how to utilize AI will take your job.
21:53 Speaker 00 Exactly.
21:55 Speaker 02 Yeah.
21:55 Speaker 00 Right. The, the advisor who knows how to use AI properly is going to take your job.
22:02 Speaker 00 That's who's going to do it. So.
22:04 Speaker 02 It's kind of like Mark Cuban. He said that if he had, like, if he can start all over, he'll just night and day, AI, learn it.
22:10 Speaker 00 Mm hmm. Learn it. Learn it, live it, love it. Right? So hopefully that answers the question. And I know that AI is, is vastly growing and it's becoming much more, you know, it's learning exponentially, geometrically. You know, my words may come back to me in 18 months and be completely different. Right? But that's just the, the nature of technology. But I do know that if, if, if we learn it and if we're using it properly and we're using it in the, in the intention that it's meant to be used.
22:42 Speaker 02 Yeah.
22:43 Speaker 00 Uh, then, then we're going to be. In a better place.
22:47 Speaker 02 Yes.
22:47 Speaker 01 You would think if anything, it'll help like help advisors with the more information. But like you guys always say, every person's different.
22:57 Speaker 00 Right.
22:58 Speaker 01 Their, their story, their, their goals, their, you know, risk.
23:02 Speaker 00 Yeah, it's like a fingerprint.
23:04 Speaker 01 You can't have a AI do that.
23:06 Speaker 00 Yeah, AI, even though it's a great learning model and it's a great tool, it's, it's not going to know the nuance of everybody's situation. AI is not going to know that.
23:18 Speaker 02 It don't know everything on a CFP, uh, work.
23:20 Speaker 00 Yeah.
23:21 Speaker 02 It doesn't.
23:21 Speaker 00 It doesn't. Yeah, so that's a great example. LaTroy's going through the CFP exams right now and he, uh, you know, you took the test and you, you passed it, you then took the same exam questions, put it through the chat GPT and it failed.
23:36 Speaker 02 Yeah.
23:37 Speaker 00 It failed.
23:37 Speaker 02 Seventy percent, I got a higher test score, like, everything can't be used.
23:41 Speaker 00 So, yeah, it's, it's, you know, you put the same questions through the AI and it can't pass the CFP exam.
23:47 Speaker 02 Yeah.
23:48 Speaker 00 Right, okay, good, good on you. Hey, we're going to take a quick break. When we get back, we're getting back with the, uh, the great, uh, the, uh, women's basketball coach, Ari Wideman.
23:58 Speaker 01 Are you curious to learn more about how you can be money wise? Check out the Money Wise website at MoneyWiseGuys.com to get more info about what we do.
24:20 Speaker 00 Welcome back.
24:21 Speaker 02 What fight song is this?
24:24 Speaker 01 Cal State.
24:25 Speaker 00 Cal State.
24:26 Speaker 02 That's right.
24:28 Speaker 01 You almost had me thinking, I was like, I hope I had the right one.
24:31 Speaker 00 I hope it was. This ain't Notre Dame.
24:37 Speaker 01 That's wrong.
24:38 Speaker 00 It ain't Michigan.
24:40 Speaker 01 Not on this show.
24:41 Speaker 00 Not on this show.
24:42 Speaker 02 Let's get some USC. Can we get some USC?
24:44 Speaker 00 No. Heck no. Hey, during the break, we got the message, "Thanks for going over my question. That's funny. How bad did the robot fail?" How bad did the robot fail? No, it was, uh, scored what, 50%?
25:00 Speaker 02 Uh, no, I said 70. It passed.
25:03 Speaker 00 Oh, barely passed?
25:04 Speaker 02 I got a higher score than it though. I didn't know everything.
25:06 Speaker 00 Didn't know everything. Go Runners. Well, welcome back. We're, uh, we're here with Ari Wideman, the, uh, head basketball coach for the Cal State Bakersfield Women's Basketball Team.
25:22 Speaker 00 Getting down to business.
25:26 Speaker 00 With the Lady Runners. That's right.
25:30 Speaker 00 How, you know, being the head basketball coach, I mean, that's gotta be a pretty cool job. It's gotta be a pretty, pretty awesome job, right?
25:40 Speaker 03 Hey, my dream job, so yeah.
25:41 Speaker 00 Yeah. So, for those of people that are crawling out from under a rock, you've been the coach now for a year, right? A little over a year. Um, how'd the season go?
25:54 Speaker 03 The season, I mean, on paper, not well.
25:56 Speaker 00 Yeah.
25:57 Speaker 03 Which, I'm always an optimist, but somewhat to be expected with the situation we're in. But, uh, I thought overall, I guess, foundation of the standards that I expect were laid down. And granted, we only brought three people back. I love the 10 kids we signed, you know, and they can build with that.
26:17 Speaker 00 Yeah, I know, and I, just the, the energy that you have and the energy that, and the, the standard that you bring for those...
26:27 Speaker 00 Young women for athletics, not just the athletics, but the
26:33 Speaker 00 the scholastics, the academics and everything else that you bring to the table. The the foundation, like you said. What are the, what is the foundation that you're you're bringing to the table for that? So bring that to the, to our listeners.
26:47 Speaker 03 Yeah, I mean, the foundation, our culture is work to win. And so I'm big on habits more than hope, right? And so our habits have to be great. And I think that now the group that we returned and just people know that the standards are going to be extremely high and that's that's never going to change. And so we're going to work hard every day, do things the right way. And and I'm I'm so committed to that. And I know that at the in due time, right? I don't know what time it'll happen, but it'll it'll happen. We're we're a winning program. And so, yeah.
27:18 Speaker 00 So the three that you're bringing back.
27:19 Speaker 03 Yeah.
27:20 Speaker 00 Who are they?
27:21 Speaker 03 So we brought back Ally Dioli. She's a she's like sniper, a shooter. Marley and she she had double figures in the games we won, right? And then we, no one saw Ophelia. She was a kid from New Zealand who came six months early.
27:35 Speaker 00 Uh huh.
27:36 Speaker 03 Who was like top 20 out there. And so she was just kind of learning the system. So we kept those three.
27:41 Speaker 00 Okay, so for those three that have been through the system now for the first year, you're expecting a lot from them to be leaders for the new group that's coming through, right?
27:50 Speaker 03 Absolutely. They had a good spring. I told them they have to be vocal and ready to get these guys going. And but I think we've added some killers, like I love the personalities of some of the kids and, you know, one of them rattled off 37 in a game. She had multiple conference, like freshman of the week and
28:07 Speaker 00 Yeah.
28:07 Speaker 03 Some kids, yeah, she was a freshman. She had 37. She's at Morehead State, a kid who's averaged, who scored 20 a few times. She was going to just go pro in Portugal from Idaho State, but she's coming back for the year.
28:17 Speaker 00 Okay.
28:18 Speaker 03 We got a 6'3" kid from North Carolina Charlotte and just added some size and some some kids who can score and who they have no choice but to defend and to get after it. So I love that they're they're hungry and they have experience.
28:31 Speaker 00 That's awesome. So what's what's kind of your bar for this year? What are you looking at?
28:37 Speaker 03 Yeah, I'm such a I I'm in the mindset of unlimited, like I don't put limits on anything.
28:44 Speaker 00 Yeah.
28:45 Speaker 03 So realistically, for people. Like I want to win the league. I tell every recruit, two at attorney. I guess my mindset. Two games attorney. And so I want us to be a winning team though. Like I want our record to be a winning record this year, for sure.
28:58 Speaker 00 That's awesome. Great to hear that.
29:00 Speaker 02 I saw, you know, not to sound like a stalker or anything, Ari, but I follow you on Instagram and I saw like a very profound post. It was like a, um, oil field pump.
29:09 Speaker 03 Yeah.
29:10 Speaker 02 And it said, dig deeper.
29:12 Speaker 03 Yeah.
29:12 Speaker 02 So is that the new motto going into?
29:14 Speaker 03 Oh, yeah. Dig deeper is, and we're going to tie into the city, but that's on like our team handbooks. I've been researching just how to tie it into the city and, uh, just the oil fields and the deeper you go, like that's how you're going to get to what is right. So hopefully the city can buy into that too. But yeah, I'm, I'm just going around driving and looking at oil rigs and stuff like that.
29:36 Speaker 02 Profound picture too. I was like, yeah, she like the only one?
29:38 Speaker 00 Digging deeper.
29:39 Speaker 02 Dig deeper. It's, it's a universal message for anything. Just dig deeper.
29:43 Speaker 00 Absolutely. Absolutely. But you're, you're also branching out even further into the community. It's not just doing basketball for Cal State Bakersfield. You're doing something actually really cool this summer. Talk a little bit about that.
29:57 Speaker 03 Yeah, I'm excited to dive into camps. It was a little late last year, but it's just another way to serve and give back to the community, uh, through the game. I love our staff loves and, and serve others. And so excited to give back from kindergarten up to, to high school.
30:12 Speaker 00 Nice.
30:12 Speaker 03 It'll be fun.
30:13 Speaker 00 So what, what are you doing?
30:15 Speaker 03 So we've got a kids camp, uh, June 16th through the 19th, and that's from third through eighth. And so that'll be, you know, fun, obviously games, but skill development, just getting to be coached by our staff and our players will be there. And then the following week, June 23rd through the 25th, we'll have little dribblers. So that's K through third and just kind of introducing kids to games.
30:35 Speaker 00 The basketball's bigger than they are.
30:37 Speaker 03 Exactly. We'll need lots of Clorox wipes too. I'm kind of a germaphobe, uh, with all those little guys. Um, and then team camp is June 28th, and that's more for JV and varsity teams to get three games guaranteed and live evals in front of a college coach. So we'll be watching them. And so we're just trying to gather the teams for that. And then June 29th, elite camp. So that's from ninth through 12th. If you're trying to get evaluated and just get feedback of how to go division one play here or somewhere else, what level we can identify that for you. Uh, we've already had like a seventh grader who's like, hey, my, her dad's like, my dad just, just put her in. And I'm like, okay, yeah. If you're, if you think she's good enough, let's see it, you know?
31:14 Speaker 00 Nice. So yeah, so I mean, all the way from little tykes, all the way up through basically entering college. There's, there's a camp for you.
31:25 Speaker 02 Have there ever been, I'm sorry.
31:27 Speaker 00 No, go ahead.
31:27 Speaker 02 Have there ever been any offers like made to players in doing this, this camp?
31:33 Speaker 03 Yeah, wherever I've worked, I mean, we've offered kids off of camp. And so I think it's just easy because if we're recruiting in different regions, like say I'm at a tournament in Kentucky and someone else on my staff, if we're all in one place and we can just meet really quickly and we're like, we love this kid, if they.
31:49 Speaker 02 Take them to Denver.
31:50 Speaker 03 Yeah, we'll get. You're breaking rules and I will just.
31:54 Speaker 02 I was just saying.
31:54 Speaker 03 We'll come to my office and offer them. But yeah, camp offers are still a thing. And so it's just good for us to get a live feel for them.
32:02 Speaker 00 Nice. That's awesome. We're going to take a quick break and we'll come back and we'll finish up with Ari Wideman.
32:08 Speaker 01 Are you an employee with a company sponsored retirement plan? Do you fully understand how you're invested and whether or not you are maximizing your retirement plans options? For more information on a free assessment, contact MoneyWise's 401k Specialist, Justin Leland at 661-847-1000. That's 661-847-1000.
32:35 Speaker 02 You should remind me of Baby Boy. Y'all know nothing about that.
32:40 Speaker 02 I'm sure Steven does.
32:41 Speaker 01 That old Baby Boy movie?
32:42 Speaker 02 I know Steven does.
32:44 Speaker 01 I have that stupid movie.
32:48 Speaker 01 Was that with Tyrese?
32:49 Speaker 02 Yeah.
32:52 Speaker 00 All right. Welcome back.
32:53 Speaker 01 I was taking you to the weekend all smooth.
32:55 Speaker 02 I know. Thank you. Thank you, Steven. Appreciate it.
32:59 Speaker 00 It's only 10 more minutes to the weekend. Welcome back to the Money Wise Show. I'm your host, Justin Leland here with Latroy Dinkins, joined by Ari Wideman, the head basketball coach for the, the Lady Runners over there, Cal State Bakersfield.
33:18 Speaker 00 Wanted to get back into the camps that you're putting on for kids here in town, basketball camps. We had a question popped in here. Latroy, what's the question there?
33:30 Speaker 02 This is how much are prices for high school kids? And is it an all-day program or multiple days? Sorry, missed the first part. I'm an Uber mama driver. Oh, yeah.
33:38 Speaker 03 No worries. The high school camp, elite camp, is $75 and that is from 9:00. It's actually just got changes from 10:00 a.m. to 2:00 p.m., 10:00 a.m. to 2:00 p.m. on June 29th.
33:54 Speaker 00 Okay, so it's a one-day camp? Okay. So are all of these one-day camps or are they?
34:02 Speaker 03 No, the kids camps are for four days.
34:05 Speaker 00 Okay.
34:05 Speaker 03 The little dribblers is like three.
34:07 Speaker 00 Yeah.
34:07 Speaker 03 And then the team and elite camp are just a day because it's kind of like a tournament style for team camp. The elite camp is just eval for a day.
34:13 Speaker 00 Eval for the day.
34:13 Speaker 01 Can I shave and try to sneak in? I want to play in a tournament.
34:17 Speaker 02 Why are you going to shave for it?
34:19 Speaker 03 It's a bucket.
34:20 Speaker 01 I'm just saying.
34:21 Speaker 02 Trying to be a baby or something?
34:22 Speaker 01 I just remember the old days when I played basketball. I mean, these camps and tournaments are so much fun.
34:27 Speaker 00 Oh, they're a blast.
34:28 Speaker 01 Because, you know, you're used to playing at the parks and, you know,
34:31 Speaker 00 Pickup games, right?
34:32 Speaker 01 You're playing indoors, you're playing in, you know, a real court.
34:35 Speaker 00 Yeah.
34:35 Speaker 01 It's always fun.
34:36 Speaker 00 Yeah, like in Hoosiers style, right?
34:41 Speaker 03 Hoosiers classic.
34:42 Speaker 01 Wow.
34:43 Speaker 03 Yeah, get in the AC in Bakersfield.
34:45 Speaker 00 I know.
34:46 Speaker 02 Is this the first year of this camp or is it just every year?
34:50 Speaker 03 Yeah, this, some camps might have happened with Coach McCall, but this is first year with me here.
34:57 Speaker 02 So this is going to be a tradition that perpetuates?
34:59 Speaker 03 Oh, yeah, it'll be yearly. So I was bummed we couldn't do it last year, but I got here a little late and it was crazy.
35:04 Speaker 00 A little crazy getting the move and all that stuff coming in. So, but yeah, we're going to make sure that all of the information for these camps is in the podcast notes. So if there's any other Uber mama drivers that are out there that need to get this information for their kids, by all means, check out the podcast notes. We'll get the website on there and all of the information we need to get there. Ari, thank you very much for joining us today. It's been awesome as always. Now, when you are, I'm kind of switching gears here.
35:42 Speaker 00 The
35:44 Speaker 00 the changeover from COVID has been really kind of an interesting one for me because when we first went into COVID and we're all working from home. This was a kind of a, it was a very difficult time for all of us, I think. And personally, for me, I think it was pretty difficult because I had three kids at home, two, one in high school, one in junior high, and one that was just starting like TK, right? And my wife was at home, all of us, all five of us in, at the house together. And it became a, it was, it was a little bit, it was a little, little difficult.
36:29 Speaker 00 But coming back to work and coming back into the workforce, if you will, coming back to the office, has been kind of an interesting change as well because I kind of got used to it after being at home for a year, right? And so, so kind of looking at kind of what you do and kind of the questions you ask or the, the relationships that you build with your coworkers. And so, I've been thinking about this for some time and kind of like, how do you, how do you deepen some relationships with folks that you care about?
37:10 Speaker 00 I mean, we're here at the office. I spend, I honestly, I spend more time with Latroy than I probably spend with my own wife, right? Being here in the office, I spend more time with, I spend more time with Steve Z than I do with my own son, right?
37:25 Speaker 01 That's why you have some pups. Did you hear that?
37:27 Speaker 00 Right. So I got, I'm gonna ask some questions, okay? All right. So Ari, I'm gonna ask you some questions too. So these are just open-ended questions, okay? So these are, these are questions to help us build deeper relationships in, in the workforce. So anybody that's listening, you can write these down. What skill do you wish you got to use more? Think about that. What skill do you have that you wish you could use more? Would you ask that of a coworker? I think I would. When is it difficult for you to ask for help?
38:09 Speaker 00 I it's always difficult for me to ask for help. I don't know about you, but I I kinda don't. What about you, LaTroy?
38:19 Speaker 02 I know I know all the answers already.
38:21 Speaker 00 You all you know all the answers?
38:23 Speaker 02 I'm the ish.
38:24 Speaker 00 Right?
38:25 Speaker 02 I'm the ish, no, I'm just playing.
38:27 Speaker 00 Right?
38:27 Speaker 02 I don't know. You know, that's a tough. That's that's a that's a real, real tough question right there.
38:32 Speaker 00 That's a that is a tough one. Stevie?
38:34 Speaker 01 Yeah.
38:37 Speaker 01 I I mean, I'm I'm growing every day. I'm I'm surrounded by a bunch of intelligent, you know, financial advisors. So I'm in I'm like, I'm from radio and media. I've been in in sports and radio for 20 plus years.
38:50 Speaker 00 Right.
38:50 Speaker 01 So when I was able to, you know, jump ship and and join the MoneyWise team 12 years ago.
38:56 Speaker 00 Yeah.
38:56 Speaker 01 I mean, I'm I'm a sponge. Whether I mean, all of the advisors are so different, but so the same as well. So I mean, I I'm taking notes. I mean, if you look at my drawer, there is notes from 10 years ago. Little quotes that Gero taught me, things that, you know, I have my short term goals and my long term goals on my refrigerator. Something I learned from you guys. I mean, I'm always just learning. So, I mean, I try to take every day as, you know, digging deeper.
39:25 Speaker 00 Yeah.
39:25 Speaker 01 Like, like Coach Wideman said, and it's just something that I always try to get better every day.
39:31 Speaker 02 You know what? I have to I have to second what Steven is saying, you know?
39:35 Speaker 00 Yeah.
39:36 Speaker 02 I'm surrounded, four years in here, surrounded by a lot of a wealth of knowledge.
39:41 Speaker 00 You know, I'm going on 10 years as well. That's the end of end of August will be 10 years for me and and the friendships and the the love and everything that I feel from all the the the my coworkers and everything and
39:57 Speaker 00 yeah, it's it's it's a great feeling to be able to to walk down the the hall. And if I have a question, step into Dustin's office and say, hey, you got this is one that's a new one for me. I've never run into this. Can you help me out?
40:12 Speaker 00 Here's another question for you. What does your inner inner critic love to say?
40:20 Speaker 00 Oh, man.
40:20 Speaker 02 That's a decent tough question.
40:21 Speaker 00 That's a tough one, man. That, that one gets to the, that one gets to the heart, right? So.
40:26 Speaker 02 What is your inner critics?
40:28 Speaker 00 Would this be a question you would ask your, your, your players?
40:31 Speaker 03 Yeah, that's, it's a really good question to ask them and I, as I'm growing, I think it's
40:39 Speaker 03 just, you learn things in your subconscious when you're younger and I think that's when you can maybe accept limits about yourself and so probably what your seven-year-old self believes about yourself, or they don't.
40:51 Speaker 00 Yeah.
40:51 Speaker 03 Those things are gonna be triggered. So you, that's probably what the inner critic is gonna say.
40:55 Speaker 00 The, the stories you tell yourself.
40:57 Speaker 03 Yeah.
40:57 Speaker 00 Right? The, whether they're true or not, they're the stories you tell yourself. And those stories can sometimes derail you from the greatness that, that you could accomplish if you would just stop telling yourself those stories.
41:12 Speaker 03 Yeah.
41:13 Speaker 00 Right?
41:13 Speaker 03 Definitely.
41:14 Speaker 00 And, um.
41:16 Speaker 02 Well, they always say we're our worst critic.
41:18 Speaker 00 Yeah. You know, and so if you're looking at yourself in a, in a critical way, what is, what is the, what is your deepest critic gonna say?
41:28 Speaker 02 It's kinda like, it's kinda like this, like, how many times have you went back and you listened to yourself on the radio?
41:34 Speaker 00 Never.
41:35 Speaker 02 Zero, right?
41:36 Speaker 00 Zero, cuz I cannot stand the sound of my own voice.
41:39 Speaker 03 You got a good voice. You got a good voice for this thing, radio.
41:42 Speaker 00 I got, I got a face for radio. That's what they say.
41:47 Speaker 00 You know, and it's, uh, yeah, you, you never, you don't wanna self-criticize, but sometimes those things you do have to do, right? You, you want, if you're gonna grow,
42:02 Speaker 00 go back and listen to yourself.
42:03 Speaker 03 Yeah.
42:03 Speaker 00 Right? And listen to that show.
42:05 Speaker 03 Balance of it, for sure. Cuz you also have to talk to yourself, like, I'd tell my players, like, who's your favorite player? Like, mine was Kobe. I wouldn't talk to him in this negative way. But you can do it. Like, you're gonna hit the next shot. So you have to balance it with, how would you talk to your hero and, you know, build them up?
42:20 Speaker 00 Yeah. How would you build yourself up if you were your own hero?
42:23 Speaker 03 Yeah.
42:23 Speaker 00 Yeah. And that's, um, that's a tough thing to do. It's, uh, you know, getting out of your own way sometimes is the most difficult thing to do. Cuz in our own head,
42:38 Speaker 00 we, we put up barriers for ourselves. So stop putting barriers in front of yourself. Ask yourself the deep questions, you know, uh, put yourself out there and, you know, truly acknowledge the, the greatness that you can become.
42:55 Speaker 02 Be comfortable being uncomfortable.
42:56 Speaker 00 That's right. Lifelong learner. I, I tell this to my eight-year-old, you know, it, it might be summer, but you're learning something every day. Just because you're not in the classroom, you're still learning. Take that with you into the weekend. Keep learning. All right? Be smart, be safe, be money wise. We'll see you next week.
43:14 Speaker 04 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.
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