Pod Insights The Moneywise Guys 8/26/25 From Batteries to Ballads: EVs, Energy Savings, and Taylor Swift About this episode The Moneywise Radio Show and Podcast Tuesday, August 26th BE MONEYWISE. Moneywise Wealth Management I "The Moneywise Guys" podcast call: 661-847-1000 text in anytime: 661-396-1000 website: www. MoneywiseGuys.com facebook: Moneywise_Wealth_Management LinkedIn: Moneywise_Wealth_Management
Transcript 0:00 Speaker 00 From the Garo Ellis padded radio room off Stockdale Highway, here is Money Wise. Call or text into the show 24/7 at 396-1000.
0:39 Speaker 00 Here is Money Wise. Money, money, money, money.
0:43 Speaker 01 Welcome to the Money Wise Show. We are live from the Garo Ellis padded radio room off Stockdale Highway on ESPN Bakersfield, 1230 AM, 101.1 FM, and always streaming at MoneyWiseGuys.com. You can call or text into the show 24 hours a day at 661-396-1000. Today, we are your hosts. I'm Sharad Waite and...
1:04 Speaker 02 Emily Waite, hello.
1:05 Speaker 01 Hey, Em, hello.
1:06 Speaker 02 Hello.
1:07 Speaker 01 Good seeing you.
1:08 Speaker 02 You too.
1:09 Speaker 01 Happy day. We have a few listener questions. Why don't we get to it?
1:12 Speaker 02 Okay, sounds great. Let's start with this one. I have seen a lot more charging stations popping up everywhere. I'm surprised they aren't giving away these EVs to get more on the road.
1:24 Speaker 01 That is a great comment, right?
1:26 Speaker 02 Yeah, I have seen more popping up as well.
1:28 Speaker 01 Yeah, like the charging stations?
1:30 Speaker 02 Just charging stations, yeah. A bunch of different kinds, too.
1:33 Speaker 01 Yeah, you know, what led me kind of when I read this comment from the listener, thank you, I was thinking about, well, what, you know, I know EV prices have come down.
1:44 Speaker 02 Yeah.
1:45 Speaker 01 Like, they've gotten cheaper. What are the cheapest?
1:48 Speaker 02 Okay.
1:49 Speaker 01 If you wanted to, if you wanted to find the cheapest or the least expensive EV, used or new, out there?
1:55 Speaker 02 The cheapest one out there.
1:56 Speaker 01 What is it? You know, where is it? So, well, first of all, starting with the, starting with the, well, I'll start with the used. The used EVs right now on the market and just my brief research.
2:07 Speaker 02 Yeah.
2:07 Speaker 01 You can get a Chevy Bolt.
2:09 Speaker 02 I was gonna say Chevy.
2:11 Speaker 01 Yeah.
2:11 Speaker 02 That was really my guess.
2:12 Speaker 01 You were gonna say Chevy, a Chevy Bolt?
2:14 Speaker 02 Yeah.
2:14 Speaker 01 Good for you.
2:15 Speaker 02 I'm usually a bad guesser, too, but I'm, so that's why I'm very excited about myself guessing.
2:18 Speaker 01 You nailed it, because it's one of the earlier ones. The Chevy Bolt has been around for a little bit, but right now, 2017 to 2020...
2:29 Speaker 01 You can get a Chevy Bolt EV for anywhere between eight thousand and eighteen thousand.
2:35 Speaker 02 Okay.
2:36 Speaker 01 Which is like, pretty
2:37 Speaker 02 Wow.
2:38 Speaker 01 Pretty good deal, right? You can find also a Nissan Leaf, that's also another EV that's been around for a long time. I know the earlier models were not very
2:47 Speaker 02 No, I remember bad, bad news about that.
2:50 Speaker 01 Like, how they looked?
2:52 Speaker 02 Yeah, yeah, and I, I feel like I remember that they were terrible. Like, functioning, but maybe my memory's wrong.
2:59 Speaker 01 Yeah, I'm not sure. I'm not sure about the quality of them. I mean, but there's a bunch of them still out there on the road. I see them still every once in a while.
3:06 Speaker 02 Okay.
3:07 Speaker 01 Well, anyways, 2015 to 2019 Nissan Leaf, you can find for six thou- six to twelve thousand dollars.
3:14 Speaker 02 Oh.
3:15 Speaker 01 Which is pretty
3:16 Speaker 02 Oh, we're going down.
3:17 Speaker 01 Affordable. Yeah, it's even cheaper than the Bolt. Um, so, you know, there's a couple of those cars that are, are certainly way cheaper than they were, because you're buying them used, and it depends on how many miles there are. But what, what they're finding is these batteries are actually lasting longer than than what they
3:37 Speaker 02 Than they say?
3:37 Speaker 01 Yeah, than what they anticipated.
3:39 Speaker 02 Longer in years, or longer in miles per use?
3:42 Speaker 01 Both.
3:43 Speaker 02 Oh.
3:43 Speaker 01 Yeah, and how long they're lasting, and how many cycles they can take, how many discharging and discharging they can take.
3:50 Speaker 02 Just because they've been out long enough for them to determine that?
3:53 Speaker 01 Yeah.
3:53 Speaker 02 Okay.
3:54 Speaker 01 Yeah, there was, in fact, just last week, there was a headline of somebody who has a Tesla that had like, two hundred and fifty or three hundred thousand miles on it, you know, like a
4:06 Speaker 02 Same battery?
4:06 Speaker 01 Same battery.
4:07 Speaker 02 Wow.
4:08 Speaker 01 Isn't that cool? So, they're lasting a long time.
4:10 Speaker 02 Okay, unless they take them to the car wash, and then they're
4:13 Speaker 01 Oh, what is that?
4:14 Speaker 02 Remember, we talked about that?
4:15 Speaker 01 What was that?
4:16 Speaker 02 The Tesla's going through the car wash.
4:18 Speaker 01 Oh, they have a car wash mode.
4:20 Speaker 02 Yeah.
4:20 Speaker 01 Yeah.
4:21 Speaker 02 Right.
4:21 Speaker 01 That is, it does take some, there's a learning curve, just like there was a
4:24 Speaker 02 That was a throwback, you didn't catch it.
4:26 Speaker 01 I'm sorry. There's been a lot of shows since then.
4:28 Speaker 02 Yeah, I know. I have much fewer shows than you do, so.
4:31 Speaker 01 There were a couple of cities, or at least one city in the country, that decided to give it a go and try using Teslas for their police department. At least some, like a pilot program.
4:40 Speaker 02 I didn't realize that.
4:41 Speaker 01 And it didn't go well.
4:42 Speaker 02 Didn't go
4:43 Speaker 01 Because
4:43 Speaker 02 They're like, on a chase, and then their car dies.
4:45 Speaker 01 Well, no, it wasn't the dying, it was the, how you access, like, how you get in.
4:51 Speaker 02 Oh, right.
4:51 Speaker 01 And
4:52 Speaker 02 Yeah.
4:53 Speaker 01 Things like the car wash. I don't know if the car wash was a reason, but like the car wash mode. You have to, you know, there's no key.
5:00 Speaker 02 Specific, yes.
5:01 Speaker 01 Yeah, there's very specific things that we're used to as Americans.
5:05 Speaker 02 Yeah.
5:05 Speaker 01 That we demand.
5:07 Speaker 02 I remember when I had my Tesla, like my phone was about to die and I was like, I can't get, I can't get my car to work.
5:12 Speaker 01 I remember that.
5:13 Speaker 02 If my phone dies.
5:14 Speaker 01 I remember that, yeah.
5:15 Speaker 02 Cause that was my key to get in. Yeah, and I was like, wow, this is an interesting scenario.
5:19 Speaker 01 And you didn't have the card.
5:20 Speaker 02 Didn't have the card with me.
5:21 Speaker 01 Or whatever.
5:21 Speaker 02 Mm-mm. Usually, I would bear, I would venture to say, most Tesla drivers don't carry their actual cards with them.
5:28 Speaker 01 Right.
5:29 Speaker 02 But that was, maybe I'm an anomaly, I don't know.
5:32 Speaker 01 Yeah. The, you know, part of the reason why these used EVs are cheaper, this is, this is kind of standard when it comes to technology is you get, you get to a scale that when there's, when there's enough of them, that it drives down the price. Now you have, now you have enough, you have to have a demand.
5:52 Speaker 02 Supply and demand.
5:52 Speaker 01 Yeah, supply and demand. So it brings down the price. Battery pack prices are dropping pretty fast. In fact, Bloomberg just recently reported a survey that they did looking at the average price for a battery pack. And it fell about 20% year over year.
6:11 Speaker 02 Okay.
6:11 Speaker 01 From 2023 to 2024. You know, if that, if that drop continues, that, and that's the most expensive component. The more, the more challenging component to an EV is the battery pack.
6:25 Speaker 02 Right.
6:26 Speaker 01 And so the fact that it's coming down in price is great. Great news for the consumer. And, you know, I would anticipate that that will continue. Not only will these older batteries get cheaper and cheaper, but there is continued investment into research and development, into new battery, and battery technologies. And so that's, that's encouraging. I didn't mention some of the newer, so the cheapest new EVs Nissan Leaf, which is still out there, if you get a 2025 Nissan Leaf, it's about $28,000 to $29,000.
7:00 Speaker 02 Okay.
7:01 Speaker 01 And then you have a Fiat, the 500E, about $32,000. This was really small.
7:08 Speaker 02 Yeah, yeah, I've seen them.
7:10 Speaker 01 Hyundai, Hyundai Kona Electric, about $33,000. And the Chevy Equinox, they have an EV version of the Equinox, about $35,000. And then the Model 3, that's what you had.
7:24 Speaker 02 Uh huh.
7:24 Speaker 01 Tesla Model 3 is in the upper 30s for their sort of base model. What was that?
7:31 Speaker 02 I don't know, we said it. There was either a very loud sneeze or somebody saw a mouse.
7:37 Speaker 01 Right. Did you hear it, Sealy?
7:39 Speaker 00 Yeah, I heard it. The wall shook.
7:41 Speaker 01 Yeah, about that. Anyway, so there you go. Now, yeah, so the listener has a point. You know, they should, they should be giving away these EVs by, by the number of charging stations that you're seeing pop up.
7:53 Speaker 02 Well, to be fair, the complaint about the EVs was that they didn't have enough infrastructure. So they're probably developing more infrastructure for these EVs. So it's like, you know, it's the teeter totter scenario maybe.
8:08 Speaker 01 Yeah. And, and that is, that's a legitimate concern. This transition from combustion engine to electric vehicle is largely going to be dependent on people's access to be able to charge it. You can't charge a lot of times when you're in an apartment. There's a pretty high percentage of people that live in apartments or condos. Like you don't have a garage to pull into to set up your, you know, your, your charger, your home charging.
8:35 Speaker 02 This just in, it was, it was Chris Pelster sneezing.
8:38 Speaker 01 KP sneeze, man. Hit the airwaves.
8:40 Speaker 02 You gotta tell him, he got it on the radio. We got it on the radio. I mean, our listeners probably didn't hear it, but at least we talked about it.
8:46 Speaker 01 Yeah, I wonder. I wonder if they did hear it.
8:48 Speaker 02 Are you ready for the next message?
8:49 Speaker 01 Yeah, let's go.
8:50 Speaker 02 Okay. So yesterday you had John Cox on, right?
8:52 Speaker 01 We did.
8:53 Speaker 02 So here's the message. John sounds like such a great guy. I've never met him in person, but ever since I heard him on your show years ago, I see his name all over the newspaper. Does he write everything from them now? Now, John is a great guy. He is exactly who you think he is and more.
9:08 Speaker 01 Yes.
9:09 Speaker 02 But, and does he write? I mean, he writes a lot for them, but as he's talked about, right? There's a lot of. Minimizing funds going, so he's having to pick up, wear a lot of hats, right?
9:19 Speaker 01 It's a smaller organization, the Bakersfield Californian, than you might realize. They used to have three or four times the number of reporters that they have now. So now it's, I think there's four, maybe?
9:32 Speaker 02 I know.
9:33 Speaker 01 Maybe, maybe five.
9:34 Speaker 02 And then some guest, some people that pop in and out.
9:37 Speaker 01 Yeah.
9:37 Speaker 02 What do they call them?
9:38 Speaker 01 They're like, um, editorial, editorialists?
9:42 Speaker 02 Yeah, something like that.
9:43 Speaker 00 Like Lois.
9:44 Speaker 01 Yeah, like Cesario.
9:45 Speaker 02 Exactly.
9:46 Speaker 01 Yeah, exactly. Bob Price. So there's, there's, you know, there's, there's people who have been involved or been connected to the Bakersfield Californian that still, the Californian will publish their, their, their stories. But John Cox is definitely somebody who is genuinely passionate about what he does. Yeah, so many, so many of his friends and, and former colleagues have, have left the industry. And he, it's a tough gig. It's a really tough gig. Long hours.
10:15 Speaker 02 Yeah.
10:16 Speaker 01 And you, you just, you're just working a lot and he still is out there grinding it out.
10:23 Speaker 02 He's one of the OG.
10:24 Speaker 01 Yeah, underpaid, overworked.
10:26 Speaker 02 Yep.
10:27 Speaker 01 And wears a lot of hats besides, you know, he's the, he's the business editor, but he's basic, he does a lot, does a lot there.
10:34 Speaker 02 The best thing about him is he is so curious and interested in talking about these topics. And if you ask him about it, he can just, he knows so much and that's part of what makes him such a good writer and journalist.
10:51 Speaker 01 Right. If, if you, if you look at the paper recently, now it's mailed, if you remember that or know that. They're mailing it. But you, you look at the, the format of the paper and you essentially have three or four stories that are local. And it's usually on the front page that, and that's it.
11:12 Speaker 02 Right.
11:12 Speaker 01 You know, and so if you only have three or four or five journalists, like you gotta pump out a, a story a day.
11:19 Speaker 02 Mm-hmm.
11:20 Speaker 01 Not pump out, but you gotta, you know, you got, you gotta do the work, which involves interviews and, and.
11:27 Speaker 02 Bouncing around town and editing.
11:29 Speaker 01 Yeah.
11:29 Speaker 02 The writing process, yeah.
11:31 Speaker 01 Trying to get callbacks and all that stuff. And, and the Californian also still has its sister paper, the Tehachapi, um, paper. And then they also do the. What is it, the family?
11:43 Speaker 02 Family Live? Current, current?
11:45 Speaker 00 Life?
11:45 Speaker 01 Life, it's, yeah.
11:46 Speaker 00 The Life Magazine, Bakersfield Life?
11:48 Speaker 01 Bakersfield Life, that's it, Bakersfield Life Magazine. Which he, you know, John Cox has articles in there, too.
11:54 Speaker 02 Yeah.
11:54 Speaker 01 So, yeah, we're, we're big fans.
11:55 Speaker 02 If you ever get to meet him, um, he's great. He's as great as he sounds.
12:00 Speaker 01 That's right, and don't be distracted by his
12:02 Speaker 02 Long flowing hair.
12:02 Speaker 00 Dark flowing hair.
12:03 Speaker 01 Dark flowing hair. He looks like Jimmy Olsen from Superman.
12:09 Speaker 00 And I'm from candy, he enjoys candy.
12:11 Speaker 01 He loves that.
12:12 Speaker 02 Yeah, just so you know, listeners, Steven always has a couple little treaty treats here on the desk when John Cox comes in, because he loves candy.
12:18 Speaker 01 So nice, so nice. All right, let's go to the next one.
12:21 Speaker 02 Okay, so the next one, um, this must be something you guys talked about yesterday. I'm curious to hear your take on it. This person messaged, "I work six days on, three days off, and how do I find out a way to sell my power? Wonder how much it pays, lol." What is this about?
12:37 Speaker 01 So yesterday, Sammy and I, and John Cox, John Cox had reported in the Californian last week about a pilot program that Califor- that the PG&E started.
12:48 Speaker 02 Yes.
12:49 Speaker 01 That is for home solar battery systems. It's a virtual power plant. The concept is, you have these homes that have these batteries, or they have smart thermostats that are connected to the web. And in times of need, where there's a potential like blackout, rolling blackout, where, you know, think of like right when the sun sets. So there's this time, right when the sun goes down.
13:13 Speaker 02 Right.
13:13 Speaker 01 That you're not getting the solar, but you, people are pumping their air conditioning.
13:16 Speaker 02 Yes.
13:17 Speaker 01 So that's, those are the times where the, the grid, the power grid is vulnerable. And so PG&E collaborated with Sunrun last year in a pilot program, aiming to build this virtual power plant by coordinating these batteries from residents. So they had to opt in, it's not like they were just randomly.
13:36 Speaker 02 And you can get paid for it?
13:37 Speaker 01 Yes, you, you get paid for it.
13:39 Speaker 02 That's nice, how much do you get? That's maybe a way to make money? How much do you get paid?
13:44 Speaker 01 Participating households received a small upfront amount, I believe it was about $750.
13:49 Speaker 02 Oh.
13:50 Speaker 01 And then they got a, a smart thermostat, right? So that, that PG&E can adjust, they turn down, they, or up, they turn up your thermostat so it doesn't cool so much, like a couple degrees.
14:00 Speaker 02 A really interesting question.
14:02 Speaker 01 Uh huh.
14:02 Speaker 02 When you're trying to make your house cooler. Not to divert us too much, but I'm curious. When you're trying to make your house cooler, do you turn the AC down?
14:11 Speaker 01 I know.
14:11 Speaker 02 Or do you turn it up?
14:13 Speaker 01 Right. Turn it.
14:15 Speaker 02 What do you say?
14:16 Speaker 01 I said, turn it down.
14:17 Speaker 02 Yeah. I, we, luckily, you and I are on the same page about this, otherwise, we would be having this conversation all the time, but.
14:24 Speaker 01 We had to figure it out.
14:25 Speaker 02 We had to decide. We had to come to an agreement on this is what it means. So we understood, but a lot of people think of it differently.
14:32 Speaker 01 Right.
14:33 Speaker 02 Similarly, it's all downhill from here.
14:36 Speaker 01 Right.
14:37 Speaker 02 Does that mean it's getting easier? Cause now you're coasting downhill?
14:42 Speaker 01 Yes.
14:42 Speaker 02 Or does it mean things are getting worse?
14:45 Speaker 01 Oh, oh, right. I guess it could mean, no, it's going downhill. Yeah, that's right. I never thought about that way.
14:51 Speaker 02 Right.
14:51 Speaker 01 My initial thought is going downhill means.
14:53 Speaker 02 It's all downhill from here. The hard part's over.
14:55 Speaker 01 Yeah, hard part's over.
14:56 Speaker 02 Okay.
14:56 Speaker 01 But if you said, oh, it's going downhill.
14:58 Speaker 02 But why they tell people who are maybe close to our age that we're over the hill?
15:03 Speaker 01 Cause, uh, yeah, so that means we're going downhill. It's getting worse. Or better.
15:12 Speaker 02 Depending on the day.
15:13 Speaker 01 Right.
15:13 Speaker 02 Okay, sorry.
15:14 Speaker 01 Anyways, so our listener's asking, you know, this is actually pretty smart. They're saying, shoot, if I'm not even at home.
15:21 Speaker 02 Yeah.
15:21 Speaker 01 Six days.
15:22 Speaker 02 Oh, that's what they're talking about.
15:23 Speaker 01 For six days in a row. Hey, do what you want. I'm not running the AC anyways. And then you can use my battery.
15:28 Speaker 02 And then I'll make all this money.
15:29 Speaker 01 And I'll make some money. You're not gonna make a ton of money.
15:32 Speaker 02 Oh, you're not?
15:32 Speaker 01 No, it's, it's, it's pretty minimal.
15:34 Speaker 02 How much?
15:35 Speaker 01 Well, well, first of all, the program is not open. It was a pilot program that currently is not open. I did look into it. And, and looked at PG&E's website. It appears that this is no longer a program. The, the Sunrun Virtual Power Plant Pilot Program. That is, uh, that's just no longer, no longer available. So it's not even, um, not even an option. They, as well as the Smart Air Conditioning or Smart Thermostat Program. That's also closed to new enrollments.
16:10 Speaker 02 Okay, but. Are they gonna do it? Are they gonna roll it out? That was pilot, but are they gonna do the real deal?
16:16 Speaker 01 I don't, I, I, it seems like from John's reporting, it was a success. And it was able, it works. Like it's a thing that can happen. I think they're, like any pilot program, they're trying to learn from it and determine, you know, how they would roll it out, maybe potentially in the future. It does seem like this is the future. Not only with batteries in your home, but your car.
16:38 Speaker 02 Right.
16:38 Speaker 01 Cause now your EVs have, some of them have the ability to charge, either charge your, your home or power your home or charge another car. So the power can go in or out of the battery, which I think is really cool. There is still though, if you're listening.
16:55 Speaker 02 Yeah.
16:55 Speaker 01 There is still a power savers reward program that PG&E offers. It's still active and it's still available for enrollment. It's a free program where participants can earn credits if they reduce their energy, energy during like peak hours. So you have to have a smart meter, which I think pretty much everybody has a smart meter now. When PG&E like years ago went and upgraded everybody's, you know, power meter on their house. And you can't be enrolled in other conflicting PG&E or, or non utility programs that might conflict with it, with the smart meter program. But look into it's the power saver rewards.
17:33 Speaker 02 Yeah. So then if you, if you, it's 105, you can turn your ACF and just go, go dip in the pool.
17:39 Speaker 01 That's right. And then, and then they credit you. You get a credit for that. I don't know how much the credit is, but they can pay you for it, which is a perfect example for somebody's like, I don't care of how hot it is in my house or I'm not there anyways. Great, you know, go for the power saver program.
17:54 Speaker 02 I don't know who that is. It's so hot.
17:56 Speaker 01 I hope California has passed all of its, uh, you know, rolling blackout stuff.
18:02 Speaker 02 That'd be nice.
18:03 Speaker 01 Wouldn't it?
18:04 Speaker 02 It'd be real, real nice.
18:05 Speaker 01 Been a while, it's been a while since we've had, or the brown house.
18:07 Speaker 02 What if, you need to knock on some wood?
18:10 Speaker 01 Oh.
18:11 Speaker 02 The brown house, Sharon.
18:12 Speaker 01 I said brown outs.
18:13 Speaker 02 Oh.
18:14 Speaker 01 What did you think I said?
18:18 Speaker 02 So embarrassed.
18:20 Speaker 01 I want to find out what that meant. What you were thinking.
18:23 Speaker 02 Never mind.
18:24 Speaker 01 All right, we got another listener question. Well, let's take a break first, then we'll get to another listener question. Hey, if you've got questions or comments, send them our way. 661-396-1000. That's the number you can text or call, and we'll be right back.
18:34 Speaker 00 Are you curious to learn more about how you can be money wise? Check out the Money Wise website at MoneyWiseGuys.com to get more info about what we do.
18:59 Speaker 01 Welcome to Money Wise Show.
19:01 Speaker 02 We'll talk about Taylor later because I have lots to say.
19:04 Speaker 01 You've got lots to say about Taylor Swift?
19:06 Speaker 02 Yes, yeah.
19:07 Speaker 01 Yeah, we'll talk about that.
19:08 Speaker 02 We'll talk about her later. We had a viewer comment come in about this EV stuff.
19:13 Speaker 01 Yeah.
19:13 Speaker 02 Stay away from the Chevy Bolt. We had two, and both times we had battery problems, and the last one, the battery caught on fire.
19:20 Speaker 01 Wowzers.
19:21 Speaker 02 What was the name of the electric truck you guys talked about a few weeks ago? The truck you can put together with your own style? The Chevy Bolt, by the way, went out of production, so I wonder if...
19:32 Speaker 01 It's coming back, though, or it's back, isn't it?
19:34 Speaker 02 Well, it's coming back in a new version.
19:37 Speaker 01 Yes.
19:38 Speaker 02 A new iteration in 2026, so I wonder if there's anything going on about that.
19:45 Speaker 01 Yeah, there was. Go ahead, you can get it. I'll take care of it. There was a...I remember the recall. I remember the fires, too. And my understanding is that...I'm curious if this listener is still listening. I'm curious if you were made whole. You know, what happened with that? Did Chevy fix that or reimburse you? Or did you just kind of sort of like walk away? Was it like the Lemon Law enforcement where you just said, you know, we're done with this? You know, pretty dangerous, battery catching on fire, because generally, cars are parked in your garage or near your house because you've got to plug them in. So that's the super sketch. The other part of this comment was asking about the customizable truck. And we did talk about this.
20:29 Speaker 01 It's called the Slate. It is really a fascinating company. It's a startup. These cars aren't currently available, but they're expected to cost about $25,000. It's backed, it's a company that's backed by a few different notable investors, including Amazon. Amazon's founder, Jeff Bezos. And this company Slate, this truck company, is sort of focusing on a unique, highly customizable truck that you can take the truck, you can turn it into a SUV, for example.
21:11 Speaker 01 You can really kind of, really change out so many different components of the car and, you know, make it how you want, which is why it's called the Slate.
21:20 Speaker 02 Nice.
21:21 Speaker 01 It's like starting from a clean slate or a blank slate.
21:23 Speaker 02 That's cool.
21:24 Speaker 01 I know. I am a big fan of pickup trucks. Not, I don't necessarily like, I'm not a big fan of huge, the huge full-size trucks, but I've been driving a mid-size pickup truck for how long now?
21:34 Speaker 02 I can't even think.
21:35 Speaker 01 Fifteen years.
21:35 Speaker 02 Yeah, it's been a while.
21:36 Speaker 01 And I love it. I love it.
21:38 Speaker 02 Yeah, you do.
21:38 Speaker 01 And they're just so practical for my lifestyle. And so, right now, there aren't, there are some electric trucks that are on the road, but they're, they're big. And like Ford has one.
21:52 Speaker 02 Even the Rivian?
21:54 Speaker 01 The Rivians are still, yeah, they're pretty, they're pretty. But they're also just so expensive.
21:58 Speaker 02 Well, that's true.
21:58 Speaker 01 The Rivian, even like the Ford F-150 Lightning, they're, they're expensive. Chevy has their, their EV. They're, right now, they're just really expensive. They just need to come down. They need to be like, for me at least, to feel good about it.
22:14 Speaker 02 Yeah, they probably need to come down for a lot of people.
22:17 Speaker 01 Yeah. The Slate is offering a lot of like, do, it's basically geared around do-it-yourselfers. So it's easy, it's approachable way to allow you to like 3D print your own parts. You can customize it, like they give you a slate, basically.
22:32 Speaker 02 Uh huh, yeah. You probably don't remember this because you were a boy and I was a girl. But they used to have these things where you could make your own outfit, fashion outfit, and then you would you'd put the paper on top and you'd rub the crayon over it and it would make. Do you remember?
22:45 Speaker 01 I do remember that. I remember.
22:47 Speaker 02 So you could make your own outfits with your hat and your shirt and your bottom and your shoes.
22:52 Speaker 01 That was cool.
22:52 Speaker 02 I know.
22:53 Speaker 01 I liked that.
22:54 Speaker 02 For some reason, it reminded me of that. Bringing it back a little nostalgia.
22:58 Speaker 01 Nice, nice recall.
23:00 Speaker 02 Thank you. Well, I am fifty, so. There you go.
23:04 Speaker 01 Yeah, alright.
23:06 Speaker 02 Okay, do we have one more? Okay, great. I love having these questions. Okay, listener question. Do I need a one million dollar umbrella insurance? I've been carrying it for several years now, but it is now costing four hundred and fifty dollars for renewal. The house has two fifty to two seventy-five in equity. Retirement accounts are at one ninety-five and emergency fund of twelve thousand. I'm fifty and I have one nineteen-year-old driver on my policy and likely to have another in a year. Please feel free to answer on the air if you'd like.
23:37 Speaker 01 I this is a great question. Thank you, David, for this question. And umbrella insurance is is kind of, any kind of insurance is always a little tricky. It never, it never feels great.
23:48 Speaker 02 No, it's always like, am I doing it right?
23:50 Speaker 01 Yeah, and also like, you know, you're you're paying for something that you may never use. So you're just paying for peace of mind because most people won't use it.
23:59 Speaker 02 Right.
23:59 Speaker 01 So you're paying it for that that rare case where you actually do get in an accident or something happens.
24:05 Speaker 02 It's the what ifs.
24:06 Speaker 01 It's the what ifs and it's like, oh, gosh, it's just like a like a necessary evil. And I'm talking about any life insurance, health insurance, homeowner's insurance, auto insurance. These are all things that all of us are required to have or.
24:21 Speaker 02 And sometimes they're trying to sell you on it.
24:23 Speaker 01 Yeah.
24:24 Speaker 02 Insurance agents are trying to make a commission.
24:26 Speaker 01 Yeah, add on things and it's like, wow, how much do I really need? And then you, you know, you're you're fitting, trying to fit this into a budget like a like David, the listener here is is doing. So let's talk. I want to take just a step back and talk a little bit about umbrella insurance and then we'll answer the answer the question. So umbrella insurance. Is a type of personal liability insurance designed to give you that extra protection beyond just your your standard limits of your auto renters or homeowners policy. It's essentially acts like a like a financial umbrella that covers you when the other insurances run out.
25:02 Speaker 02 Yep.
25:03 Speaker 01 When you when your auto, so for example.
25:05 Speaker 02 Gap insurance.
25:06 Speaker 01 Kind of like that. Yeah. So like you get in a car accident and you're liable for damages or injuries. Your auto insurance is going to have certain limits, but then what happens if there is you're fined liable for more above that auto insurance liability? Well, you want to have something else to cover you for that.
25:26 Speaker 02 Insurance for the insurance?
25:28 Speaker 01 Insurance for your insurance, kind of. Yeah. Insurance to cover what your other insurance won't cover in like a worst case scenario.
25:36 Speaker 02 Is this the Aflac commercials? Is that what that is?
25:38 Speaker 01 Aflac?
25:39 Speaker 02 Is Aflac a different thing?
25:40 Speaker 01 It's different.
25:41 Speaker 02 Okay.
25:41 Speaker 01 Yeah. Aflac is more like accident and dismemberment.
25:46 Speaker 02 It's a specific. Okay. Gotcha.
25:48 Speaker 01 But this insurance, which there's a few different carriers that offer umbrella insurance. And it was a concept that really came in the mid 20th century as really high net worth or high wealthy individuals or households were exposed to lawsuits that they needed protection beyond just their normal insurance. It started to become much more widespread in the 50s and 60s as, you know, insurance companies started marketing these beyond these products beyond just the high net worth clients. They really expanded in the 80s and 90s as as our
26:32 Speaker 01 and our our society became so much more litigious. We had jury awards that just grew larger and larger. And so then umbrella insurance started to be marketed to more of the middle class as and not just to just to the wealthy. And today, now they're pretty widely available. You can get they're offered in typically a million. Million dollar increments coverage, so a million dollars of coverage in, you know, in, in those increments. And they're relatively low premiums. It's pretty inexpensive. So like David mentioned, his or the listener said that it's, he has a million dollar policy.
27:12 Speaker 01 Pays about $400 a year. So it's under, it's under 40 bucks a month and he got a million dollars. In, in our listener's case, to answer the question, I, my opinion is it would still be worth, if you can afford it. It's not causing, you know, financial hardship. I think that, that makes sense to keep that policy. Especially if they have another teenager that's going to be coming on.
27:35 Speaker 02 I see, I see. Just to be clear, they did say, they did not say what they were paying. They said it, they will be paying for, it was now costing 450 for renewal.
27:44 Speaker 01 Okay, so it's gone up.
27:46 Speaker 02 I'm not sure what the previous cost was.
27:48 Speaker 01 That, you know, premiums are, you know, between two and $400 for a million dollar coverage roughly.
27:54 Speaker 02 So that's not too far off.
27:55 Speaker 01 It's not too far off. And again, this really comes down to sort of what you think your liability is.
28:00 Speaker 02 To kind of guess a little bit.
28:03 Speaker 01 Yeah.
28:03 Speaker 02 You said it's, they're widely available now. Does, are they widely, um, do people, yeah.
28:11 Speaker 01 Yeah, I think so.
28:12 Speaker 02 Are, are they pretty common for people to use now?
28:15 Speaker 01 I think so. I think it's pretty common. And it, you know, you want to think about your, you know, your limits, look at your limits on your homeowner's insurance, your limits on your auto insurance and look at what sort of liabilities you have. We had on the show, this was several years ago, we had Kyle Jones, attorney Kyle Jones, who also does, he does a lot of estate planning, but he also does some personal injury. Personal injury and we're talking about, you know, the do's and don'ts of somebody who's been in a personal injury situation, car accident or whatever. And he mentioned at that time, the, the value of homeowners of umbrella insurance. And then also evaluating your limits on your policy.
28:58 Speaker 01 So I remember after that happened, this was several years ago, I went home, looked at our policies, got an umbrella policy, upped all of our, our, our coverage that we had. Cause I was, you know, we had a lot at stake. I didn't want to.
29:12 Speaker 02 Good for you. Thanks for that, babe. Thank you for that, babe.
29:15 Speaker 01 You are welcome.
29:18 Speaker 01 So there you have it.
29:20 Speaker 02 Great question.
29:21 Speaker 01 Consider umbrella insurance if you've got significant assets. If you own a home, particularly if you've got maybe like a pool or a trampoline and something that would increase your liability or your risks. If you have teenage drivers, like I mentioned. If you rent out property like we do.
29:39 Speaker 02 Okay.
29:40 Speaker 01 Consider that also because you never know. You could be found liable for something that's going on with a home that you're renting out.
29:47 Speaker 02 Okay.
29:48 Speaker 01 And if you participate in activities that are maybe higher in liability exposure, like large parties or, you know, serving on boards and, you know, active, you know, in the community, those types of things. It just gives you peace of mind.
30:03 Speaker 02 All right.
30:04 Speaker 01 So, great question.
30:05 Speaker 02 Good to know.
30:06 Speaker 01 Yes. All right. Why don't we take another break?
30:11 Speaker 02 Okay.
30:12 Speaker 01 And then when we come back.
30:13 Speaker 02 We'll talk about Taylor.
30:14 Speaker 01 We can talk about Taylor. We're MoneyWise, we'll be right back after these commercials.
30:18 Speaker 00 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 plan's options? For more information on a free assessment, contact MoneyWise's 401(k) Specialist, Justin Leland, at 661-847-1000. That's 661-847-1000.
30:48 Speaker 01 Welcome back to MoneyWise. We're your hosts today. I'm Sharad Waite, that's Emily.
30:51 Speaker 02 I'm Emmy.
30:53 Speaker 01 Yeah.
30:54 Speaker 02 And that is Ryan Adams doing Taylor Swift.
30:56 Speaker 01 Her stuff has been covered by so many people.
31:00 Speaker 02 He redid that whole album.
31:01 Speaker 01 Yeah, 1987. Eighty-nine. That was the album. It was eighty-nine. There you go. That's the year she was born. I think she was born in eighty-nine.
31:10 Speaker 02 Yeah.
31:11 Speaker 01 That's crazy.
31:12 Speaker 02 I think so.
31:13 Speaker 01 All right, so what's the news?
31:15 Speaker 02 It's probably, you're just first hearing it here, folks.
31:19 Speaker 01 Yeah.
31:20 Speaker 02 I know it's only 2:39 PM, but guess what? Taylor Swift and Travis Kelce are engaged to be married.
31:28 Speaker 01 Great.
31:29 Speaker 02 I know.
31:30 Speaker 01 Great, good for them.
31:32 Speaker 02 So how do you feel about this, Sharad?
31:34 Speaker 01 I'm happy for her.
31:35 Speaker 02 Oh, good, good. Are you going to add the save the date on your Taylor shrine in your Zen den, in your Manden?
31:43 Speaker 01 Are they going to livestream it?
31:44 Speaker 00 I'm sure they will.
31:46 Speaker 01 They're gonna hold it at the Kansas City's.
31:48 Speaker 00 Chiefs game.
31:49 Speaker 02 Y'all might not know, but Sherrod is a big Swiftie.
31:53 Speaker 01 Is Kelsey still playing?
31:55 Speaker 00 He is.
31:55 Speaker 01 He's gonna play again this?
31:56 Speaker 00 One more year.
31:57 Speaker 01 He's a tight end?
31:59 Speaker 00 Yes.
31:59 Speaker 01 Is he, how good is he?
32:01 Speaker 00 Uh, he had, he had a bad year last year and he came out in the media and, and blamed, uh.
32:07 Speaker 02 Taylor.
32:08 Speaker 00 Pretty much.
32:08 Speaker 01 What?
32:09 Speaker 00 He said he was spending way too much partying with Taylor that, uh, that he should have spent more time at the football field, but I mean.
32:17 Speaker 01 No way.
32:18 Speaker 00 He's in love.
32:19 Speaker 02 He's in love.
32:20 Speaker 00 He said the original plan was to propose to her at the post game after the Super Bowl win, but everyone knows they lost that Super Bowl, so.
32:31 Speaker 01 Yeah, yeah, right. He didn't. So he didn't have a good season last year, but how has his career been?
32:38 Speaker 00 Oh, he's, he's a Hall of Famer. He's just, he's just had a rough year or two.
32:43 Speaker 01 Okay, okay, so.
32:45 Speaker 00 And everyone of course blames Taylor Swift.
32:47 Speaker 02 Of course they are, because that's what they do. Everybody's got a rough year sometimes, y'all.
32:51 Speaker 01 Yeah.
32:51 Speaker 02 And also, I think this works because he knows fame too.
32:56 Speaker 01 Yes, that's right.
32:58 Speaker 02 In common.
32:58 Speaker 01 Right.
32:59 Speaker 02 And I noticed you diverted right off to Travis, but do you want to talk about your Taylor?
33:03 Speaker 01 My Taylor.
33:05 Speaker 02 Your Taylor Swift painting you have in your man den because you're such a big fan and also coloring books that Stevie got him.
33:12 Speaker 01 Oh yeah, thank you. And also a, um, a Taylor Swift, it's like a flag. I have it up at the cabin.
33:20 Speaker 00 Nice.
33:20 Speaker 01 It's like, uh.
33:21 Speaker 02 Did Stevie, Stevie also get you that?
33:23 Speaker 01 Yeah, yeah, he got that. How did you?
33:25 Speaker 00 Random things that I'll see at flea markets or music shops. I'll be like, oh, Sherrod would love this.
33:30 Speaker 01 It's so nice. I do, like, I, well, we make up to be bigger than it really is. I'm a, I am a fan.
33:36 Speaker 02 It's just so fun. It's so fun that Steven knows you like her and then you, now you have all these things. So eventually we'll have a little shrine in there.
33:43 Speaker 01 She has a new album that's gonna be coming out soon, very soon.
33:47 Speaker 02 October 5th, I think, or 3rd.
33:50 Speaker 01 Okay, so like a month, just over a month away. It's the, called the Showgirl or something?
33:56 Speaker 02 Yeah.
33:56 Speaker 01 Yeah.
33:57 Speaker 02 Good job.
33:57 Speaker 01 Yeah.
33:58 Speaker 02 Anyway, congrats Taylor and Travis.
34:00 Speaker 01 She's, she's also.
34:03 Speaker 01 Basically, the most successful recording artist of all time.
34:06 Speaker 02 Right. And this is leading into the rest of our show because we're doing superlatives, aren't we?
34:12 Speaker 01 Yes. Oh, I should, I should have done that. I should have looked up again. I've gone over this so many times. I don't want to keep repeating myself, but she has broken so many records.
34:20 Speaker 02 Yeah.
34:20 Speaker 01 I don't care if you like her or not, you can't deny.
34:23 Speaker 02 There's no denying.
34:24 Speaker 01 You, there's no denying the success. The financial success.
34:28 Speaker 02 Which equates to success.
34:30 Speaker 01 Right. Yeah, it's, it's so impressive. And she did some things business-wise that were groundbreaking, like.
34:38 Speaker 02 Innovative.
34:39 Speaker 01 Re-releasing her original albums that she didn't own.
34:43 Speaker 00 That's what I was gonna ask you. Didn't she re-record a couple albums because she didn't have the rights to them?
34:49 Speaker 01 That's right.
34:49 Speaker 00 Something like that?
34:50 Speaker 01 Yeah, she's like, okay, fine. It was Scooter, Scooter Braun.
34:53 Speaker 02 Scooter Braun.
34:54 Speaker 01 Like, fine, I'll just re-release them my way and the way I wanted them to sound anyways. And they ended up getting number one again.
35:01 Speaker 02 Uh huh.
35:01 Speaker 01 Like, she ended up selling more of those than she did of her original.
35:05 Speaker 02 Very powerful fanbase.
35:07 Speaker 01 That is just like.
35:07 Speaker 02 Very powerful fanbase.
35:08 Speaker 01 Mind-blowing.
35:10 Speaker 02 Yeah.
35:10 Speaker 01 It's so mind-blowing.
35:11 Speaker 02 It's true. You should be proud of your fandom.
35:13 Speaker 01 Uh, yeah, I'm, I'm not embarrassed of it.
35:15 Speaker 02 No.
35:15 Speaker 01 I like her. I like, I like her music.
35:18 Speaker 02 I'm proud of your fandom as well.
35:20 Speaker 01 Uh, uh, speaking of superlatives, uh, there is a sports card sale record that happened yesterday.
35:28 Speaker 02 Card?
35:28 Speaker 01 Or a couple of days ago. Sports card.
35:31 Speaker 02 Yes.
35:31 Speaker 01 This was a signed sports collectible card featuring Michael Jordan and Kobe Bryant, sold for 12.9 million dollars on Saturday night, just a few nights ago.
35:43 Speaker 02 Whoa.
35:44 Speaker 01 This breaks, this broke the record for the most ever paid for a sports card. There's your superlative.
35:52 Speaker 02 Wait, any sports card or basketball?
35:54 Speaker 01 No, any sports card, ever. It's, it's.
35:57 Speaker 02 Are you sure?
35:58 Speaker 01 I'm positive. What, do you have different? Did you find out something different?
36:02 Speaker 02 I don't, but I.
36:04 Speaker 00 I know it broke the Mickey Mantle.
36:06 Speaker 02 Yes.
36:06 Speaker 00 The one. I'm not 100% sure if it was higher than the Babe Ruth.
36:12 Speaker 02 It's not. Babe Ruth sold at 24.12 million.
36:15 Speaker 00 And that one is a bit fishy because.
36:18 Speaker 01 That's a jersey.
36:19 Speaker 00 It was a, so the, so the, uh, the Kobe Jordan one has got a piece of a game worn jersey for both of them. Which means, you know, why it's so rare, but the Babe Ruth one is kind of fishy because in those days, they didn't have multiple jerseys. Babe Ruth wore the same jersey a lot.
36:39 Speaker 01 Oh.
36:40 Speaker 00 And there is no way to say that was the one that he pointed at the, you know, the outfield said this was gonna be the homerun and he hit the homerun, but the collectors are trying to say that that's his exact jersey he was wearing.
36:54 Speaker 02 Oh, I see.
36:55 Speaker 00 There's a whole underground world with, you know, authentis- authenticity of certain things, especially with the old, you know, 40s, 50s on where they really didn't have photo cameras or photo matched to be able to see that was the jersey. But if you've ever seen in, in these days of collectors, they'll match, you know, if he sweat or had blood on a certain part of the jersey and they'll picture frame it and picture match it. So it, it's a bit different than these older cards, but I believe they had the Babe Ruth one was over 20 million.
37:29 Speaker 01 Yeah, again, that's a memorabilia, that collectible, not just a card.
37:34 Speaker 02 Well, I think the card collectors would say their, theirs is memorabilia too.
37:38 Speaker 01 Well, yeah, but if you're looking at just a card.
37:41 Speaker 02 It's a different thing you're saying.
37:42 Speaker 01 Yeah, it's a different thing. Now that's true, what Stephen said, that, that this, these cards feature autographs and jersey logos. So I guess just like a piece of the jersey that has a logo on it.
37:52 Speaker 02 The little like, um.
37:54 Speaker 00 They've been doing it for years. They have a piece of a, a baseball, a piece of the bat. And they insert it into these cards, big, thick cards.
38:03 Speaker 01 Is it called Logoman? The Logoman cards?
38:05 Speaker 00 Yeah, they have all sorts of them.
38:06 Speaker 01 Yeah.
38:07 Speaker 02 Logomen.
38:08 Speaker 00 They have ones that are a piece of the dirt of a baseball stadium and pieces of the seat that people were at a certain game and just any way to to make money out of it.
38:18 Speaker 02 Interesting.
38:18 Speaker 01 Well, that's the, that is the most expensive card and number three is Mickey Mantle's rookie card. 12.6 million.
38:29 Speaker 01 The Michael Jordan 1998 finals last dance game worn jersey is 10 million.
38:35 Speaker 02 Okay.
38:36 Speaker 01 Number five on the list of most valuable sports memorabilia or cards, the 1986 Diego Maradona's 1986 World Cup Hand of God jersey, which that's pretty sweet. That that's a crazy story. The Hand of God. Have you seen that?
38:53 Speaker 02 No, I haven't heard of it.
38:54 Speaker 01 Essentially, he essentially he got a he touched the ball with his hand and it went in for a goal, but it didn't get called.
39:02 Speaker 02 Oh.
39:03 Speaker 01 And they ended up winning the the World Cup, Argentina.
39:06 Speaker 02 Oh, this is bringing, yeah, it's just sounding familiar now.
39:08 Speaker 01 Yeah. So that jersey is almost 10 million. And then we have Pierre de Gubertines Olympic Manifesto from 1892. I'm not even familiar with this. It's a seminal document written to revive the modern Olympic Games. It's one of the most pricey, priciest sports items at 8.8 million. And then Honus Wagner's baseball card, 7.25 million. He was, it's one of the most rare cards. Kobe Bryant had a rookie season jersey. His rookie season jersey went for 7 million.
39:45 Speaker 02 So, by the way, it would have been his 47th birthday on Saturday.
39:50 Speaker 01 Kobe Bryant?
39:51 Speaker 02 Mm hmm.
39:51 Speaker 01 Ah.
39:52 Speaker 02 It would have been on Saturday.
39:53 Speaker 00 Yeah, his, one of his kids threw out the the first pitch at a Dodger game Saturday.
39:58 Speaker 01 Oh, that's cool. Yeah, he's one of those that like his death shot him into the stratosphere in terms of his
40:07 Speaker 01 popularity. He was always very popular, but it seemed like his death.
40:10 Speaker 02 Debatable.
40:10 Speaker 01 I don't think there would have been nearly the number of murals that are all over the place, especially down in LA, if it hadn't been for him passing away.
40:19 Speaker 02 Steven, do you collect?
40:20 Speaker 00 I do. I don't collect newer stuff. I kind of grew up, you know, going to Toys R Us or the card spots and getting boxes of cards with my dad. But once around 2000, when they started, you know, you can only get a pack of cards where it was like 70, 80 bucks a pack.
40:38 Speaker 02 Okay.
40:38 Speaker 00 And it's because they started including.
40:42 Speaker 00 You know, pieces of memorabilia in the cards. So it just got really out of control with the, uh, the cost of, of just being a collector.
40:51 Speaker 02 Do you know, I don't want to steer it too far off course here, but I recently listened to a podcast a couple of weeks ago about America's obsession with Pokemon cards, and this is a whole other thing.
41:03 Speaker 00 I was gonna tell you, besides sports cards, there's a whole underground world with Pokemon cards, Yu-Gi-Oh!
41:10 Speaker 02 Yep.
41:11 Speaker 00 And Magic, those Magic cards.
41:13 Speaker 02 Yes.
41:13 Speaker 00 Me and, uh, my wife went out to, uh, the Bakersfield Collector Con that was out at the, uh, Dignity Health Arena a couple of weeks ago. And my gosh, there was so much stuff. And these cards are not cheap.
41:28 Speaker 02 Right.
41:29 Speaker 00 I mean, just a collector card, just a regular one, was going for 10 to 12 grand for one card.
41:35 Speaker 01 Wow.
41:35 Speaker 02 This is the, this is a perfect example of supply and demand at Action, right?
41:40 Speaker 00 Yeah.
41:41 Speaker 02 As far as like, the fewer options, the higher the price.
41:44 Speaker 01 That's right. Yeah.
41:45 Speaker 02 Up to the, to the 12.9 million dollar price.
41:49 Speaker 01 Right. Yeah. Collectibles are a big, big thing.
41:51 Speaker 00 There was a card when we were growing up that, uh, had the, it was just a collector, just a 40 cent card. But it had the Menendez Brothers in the crowd.
42:02 Speaker 01 Oh, interesting.
42:04 Speaker 00 And that card was going for hundreds of dollars just because they were just extras in the, in the audience of this basketball game.
42:11 Speaker 01 Oh, that's funny. What, can you share, Steven, any, do you have any like, uh?
42:16 Speaker 02 Yeah. Do you have any valuable, interesting cards?
42:18 Speaker 00 Some valuable cards. I've got the, uh, a Michael Jordan rookie card that's in a big, thick.
42:24 Speaker 02 Yeah. The special cases, right?
42:26 Speaker 00 Special case and the, ah, when you open it.
42:28 Speaker 01 Uh huh.
42:29 Speaker 02 Do you have a little light on it and do you display it? Yeah.
42:31 Speaker 01 Yeah. Do you display it or do you keep it like tucked away?
42:33 Speaker 00 It's in a, uh, kind of a silk holder and it's a big case.
42:38 Speaker 02 Do you keep it next to the clowns from the, okay.
42:41 Speaker 00 This thing has been in, in crates, so I, I never see it.
42:44 Speaker 02 Okay. Protected.
42:45 Speaker 00 Yeah.
42:46 Speaker 01 Locked away deep down.
42:47 Speaker 00 That was one of my, my all time favorites. I have a Dan Marino rookie card that's very close to my heart.
42:53 Speaker 01 That's cool.
42:54 Speaker 00 And, uh, my dad has a 1972 Tops football set.
42:59 Speaker 00 A full set, but it was the year that the Dolphins went undefeated.
43:02 Speaker 01 Oh, that's cool.
43:04 Speaker 00 That one is up there in about twenty, twenty-five grand.
43:06 Speaker 01 It's unopened?
43:07 Speaker 00 It's just in a, it's in a, um, card collecting.
43:11 Speaker 01 Oh.
43:11 Speaker 00 But it's the whole set.
43:13 Speaker 01 Oh, that's cool.
43:14 Speaker 02 Is that, is that gonna be, are you gonna inherit that?
43:17 Speaker 00 It's like, yeah, it's in our will. My brothers used to fight over it growing up.
43:21 Speaker 02 I was.
43:22 Speaker 00 I'll get the Jordan. No, you get the cards.
43:24 Speaker 01 I imagine they sell those sets unopened too. Like, it's like, hey, you can get a, you know, nineteen seventy-two box set, but nobody knows what's in it.
43:32 Speaker 02 More expensive.
43:33 Speaker 00 Yeah, and a lot of them are more valuable because they're unopened.
43:38 Speaker 01 Right.
43:38 Speaker 00 You don't know how much.
43:40 Speaker 01 You could have something crazy in there. Well, staying on the theme of superlatives, Emily.
43:45 Speaker 02 Yep.
43:45 Speaker 01 A, a local connection we have here to what is now on the market as the most expensive home ever to be listed for sale in the country.
43:57 Speaker 02 In the United States.
43:58 Speaker 01 In the United States. Oh, has there been one maybe outside the United States more than this?
44:03 Speaker 02 I, I don't know. I was just, I was just wondering if this was, yeah, in the country, the most expensive.
44:08 Speaker 01 It's the Resnick's. If you don't know who the Resnick's are, they founded and own Wonderful. Look at the pistachio and, and the, um, oranges and.
44:19 Speaker 02 Billionaires.
44:20 Speaker 01 Almonds, bit, multi-billionaires. They have a property in Aspen, Colorado that's on the market. Forget this, three hundred million dollars.
44:30 Speaker 02 Oh, my gosh.
44:31 Speaker 01 It's the most expensive sale in the country right now. It's a seventy-four acre estate. They're thirty-foot ceilings, eighteen bedrooms, twenty full bathrooms, four partial bathrooms. It's has a, its own private lake. It's just like.
44:48 Speaker 02 Eighteen thousand five hundred square foot.
44:51 Speaker 01 Eeh.
44:52 Speaker 02 Mansion.
44:53 Speaker 01 It's just, yeah, really close to the, to the downtown Aspen, which apparently they're, they're just not developing anymore. So it's a very rare.
45:02 Speaker 02 Yeah.
45:02 Speaker 01 Property.
45:03 Speaker 02 They bought it a while ago, like in the nineties, right? You couldn't buy, you couldn't buy that today. Yeah.
45:07 Speaker 01 They got it in the nineties. Apparently they just don't use it, I guess, that much.
45:11 Speaker 02 You know what? I think the quote was, "It's just too hard to keep up." Too much work.
45:17 Speaker 01 Yeah, you think? Eighteen thousand square feet?
45:20 Speaker 02 I know.
45:21 Speaker 01 A lake.
45:21 Speaker 02 Do you know what's interesting about this is, you know, Aspen's almost eight thousand feet above sea level? They have a special oxygen system installed so that in case you get altitude sickness, you won't inside the house.
45:35 Speaker 01 Oh, wow. That's interesting. There's, I was looking to see, well, what's the most valuable home in the country? Not for sale.
45:45 Speaker 02 Not for sale, okay.
45:46 Speaker 01 Did you look it up too?
45:47 Speaker 02 No.
45:47 Speaker 01 Oh, I'm curious. And you did. So there is, it's called The One. It's a giga mansion. It's a hundred thousand square foot, ultra luxurious living space, thirty car garage, multiple pools, nightclub, there's a movie theater. It's called The One. It's in Bel Air, California.
46:07 Speaker 02 What?
46:08 Speaker 01 Right down south, just a couple hours from here.
46:09 Speaker 02 Okay.
46:10 Speaker 01 Five hundred, roughly worth five hundred million dollars.
46:14 Speaker 02 Do you know who owns it?
46:15 Speaker 01 No, I don't.
46:16 Speaker 02 I just don't understand the, the level of wealth.
46:21 Speaker 01 Yeah.
46:22 Speaker 02 Or the why?
46:24 Speaker 01 Um, I, I don't either. I mean, it's just, it's just otherworldly. Niall Niemi is the owner of The One, or the one that built it in two thousand twelve.
46:36 Speaker 02 The name is, are they American?
46:39 Speaker 01 Um, they are, let's see, they are an American film producer.
46:44 Speaker 02 Oh, wow.
46:44 Speaker 01 And real estate developer. Um, let's see, what movies did they produce? Hmm, oh, here we go. The Patriot. I'm just naming off a huge, Point Blank.
46:55 Speaker 02 Okay.
46:56 Speaker 01 Um, Resurrection, The Survivor, Galaxis. So I, I'm guessing a lot of the money came from some of the, like, uh, The Patriot, that was a big, and Point Blank. Those are, those are big movies.
47:10 Speaker 02 Still, like, that level of millions is, is just, it's not. It's hard to fathom.
47:16 Speaker 01 Right.
47:17 Speaker 02 I mean, yeah, The Patriot was a fancy movie, but how on earth?
47:20 Speaker 01 Yeah.
47:20 Speaker 02 I mean, a successful movie, I should say.
47:22 Speaker 01 Yeah, but 500 million.
47:24 Speaker 02 That's just a whole different thing.
47:26 Speaker 01 Yeah. Well, it looks like, oh, boy, now I'm going down a rabbit hole, but it looks like in 2021, Niamey, who owns this, this 500 million dollar house defaulted on 165 million dollar debt that was related to the property.
47:38 Speaker 02 Oh, boy.
47:39 Speaker 01 So ended receivership and foreclosure. And then foreclosure was halted through a Chapter 11 bankruptcy. And, um, and it looks like he was able to stay in the property, I think.
47:57 Speaker 02 We have a listener asking, what is the most expensive home here in town?
48:02 Speaker 01 Oh, gosh, that's a good question.
48:03 Speaker 02 Would you throw out a guess? I'll, I'll see if I can find it.
48:06 Speaker 01 Yeah, see if you can find it. I would think, who is it? I just saw one listed here in the last year. I think it was, um, David or David Carr's old house out in Rosedale.
48:18 Speaker 02 Okay.
48:19 Speaker 01 It was some, something like 5 million? I would be shocked.
48:25 Speaker 02 It looks like the, the, from what I'm seeing here, nothing's over three.
48:30 Speaker 01 Yeah, it was probably, I wonder if it sold. It might have sold already, but three, I would guess somewhere between three and five billion.
48:37 Speaker 02 Yeah, this is just, what I'm finding is just the current, current listings.
48:40 Speaker 01 How, how about this? The most expensive house on the planet?
48:43 Speaker 02 Oh, boy.
48:44 Speaker 01 It's a little bit of a trick question.
48:45 Speaker 02 I don't even think I want to know, to be honest.
48:47 Speaker 01 Yeah, you probably don't. Buckingham Palace.
48:51 Speaker 02 Oh, okay, well.
48:53 Speaker 01 3 billion dollars. Well, I mean, that would make sense. It's 775 rooms. It's on about 40 acres.
49:00 Speaker 02 Yeah, okay.
49:01 Speaker 01 All the history that's there.
49:03 Speaker 02 Yeah.
49:03 Speaker 01 So you got 3 billion dollars.
49:04 Speaker 02 You would have to find out like privately owned, I suppose, right?
49:07 Speaker 01 Yeah, privately.
49:08 Speaker 02 Is Buckingham Palace privately owned by the, by the royal family, I suppose?
49:12 Speaker 01 Yeah, the British monarch.
49:13 Speaker 02 Yeah.
49:14 Speaker 01 They own that.
49:15 Speaker 02 Oh, boy.
49:16 Speaker 01 Yeah. Oh, there you go.
49:17 Speaker 02 I don't, I don't think I'd want, I mean, I don't, I don't think I'd want that big of a. Home of any of those homes, too big.
49:24 Speaker 01 Way too big.
49:25 Speaker 02 Doesn't feel good.
49:26 Speaker 01 No.
49:27 Speaker 02 Doesn't feel homey.
49:28 Speaker 01 It would just, yeah, you just get drowned in the vastness of it all. And you've got 18 bathrooms. Like, the worst thing about your home is having to clean your bathroom. How are you gonna clean? I mean, obviously, you have a house, you pay people to clean your bathroom.
49:42 Speaker 02 I wonder if you, if we did have a home that size, though, maybe Taylor Swift would come to visit us.
49:47 Speaker 01 Hey, Taylor, come see our house. You wanna come see our big house?
49:49 Speaker 02 Yeah, and look at my painting and my coloring books.
49:52 Speaker 01 I'd rather just, like, hire Taylor Swift to, like, play a concert.
49:55 Speaker 02 There you go. That's even better. And then she would be at your house.
49:59 Speaker 01 Yeah.
49:59 Speaker 02 Then you could feed her.
50:01 Speaker 01 Yeah, feed her.
50:02 Speaker 02 After-party.
50:03 Speaker 01 Right. Right. Give her snacks and talk to her.
50:08 Speaker 02 Right. Shake her hand, maybe even take a photo.
50:11 Speaker 01 Yeah. Yeah. I bet she would do that. Bet she'd do that for a price.
50:14 Speaker 02 Or maybe they'd have their wedding there.
50:16 Speaker 01 There you go. Yeah. There you go. If you're listening, Taylor, come, uh, come hang out.
50:21 Speaker 02 Right.
50:21 Speaker 01 Thank you for listening, everybody. As we leave, remember these three things: be smart, be safe, and always be money wise.
50:29 Speaker 03 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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