Retirement Radish?

SPEAKER_03 0:37

Tom can't go out in the yard and ravage the radishes either.

Musical Banter and Retirement Talk

SPEAKER_03 0:41

Uh welcome to Talking Real Money. No ravish rat radish ravishing. His radishes aren't ready. Well, today was a little uh little mountain music for you. What will it be in the next episode? I think that's going to become a new thing. Is what will the song be for the next episode of Talking Real Money?

SPEAKER_02 0:59

I think for me it's uh how much can Don goof around with AI and the Don McDonald singers?

SPEAKER_03 1:05

Dude, I know you're very here these are to me. This is just like it it just adds another layer of of silliness. Of humor. I mean, come on. That was pretty cute. The dog is the guy won the lottery, blew all the money, the dog died, he feels like his his wife left him, and then he discovered talking real money, and it turned his whole life around.

SPEAKER_02 1:29

It sounded like something that should be recorded in my neighborhood, that's all. Just no offense.

SPEAKER_03 1:35

A lot of American neighborhoods. Okay. But that's what we were going for. I was going for that Appalachian country feel.

SPEAKER_05 1:42

Yeah, good.

SPEAKER_03 1:42

And I think I succeeded. They're just getting there. I uh and and oh, I have you think I've run out of ideas for themes? No way. They're just like stacking up. I'm going, I didn't even realize there were so many musical genres. Wait till wait till uh the Fridays.

SPEAKER_02 2:02

What what about what about your progressive rock theme?

SPEAKER_03 2:05

That was gotta be coming. You missed that. That was last Friday. Well, it was sort of prog rock. It wasn't really prog rock, it was more like queenish.

SPEAKER_02 2:12

Yeah, that's more how do you I mean define queen.

SPEAKER_03 2:16

It's hard. It's in that it's in that area. No, I haven't really like rock. I'm trying to come up with a way to like emulate yes and Genesis and Emerson like a Palmer and that, but I

Too Many Retirement Plans

SPEAKER_03 2:27

haven't come up with the right prompt. It's not given me the sound I'm looking for yet. So anyway, welcome to Talking Real Money. Today, the topic the topic? Yeah. The topic is mini. The topic is, well, here we have traditional IRAs, Roth IRAs, rollover IRAs, spousal IRAs, inherited IRA, SEP IRAs, simple IRAs, payroll deduction IRAs, 401ks, Roth 401ks, solo 401ks, Save Harbor 401ks, Simple 401ks, 403Bs, Roth 403Bs, 457s, Roth 457s, 401A's, thrift savings plans, and the list goes on.

SPEAKER_02 3:02

SAR SEP, you forgot SARCs. Oh, I SEP, SARSEP Simples, Simple Simple IRAs, um defined benefit plans, uh money purchase plans, employee stock ownership plans, see, I told you the list goes on and on.

SPEAKER_03 3:15

Now you would think with a list that long that there would be no need for any other retirement account. Well, you'd be wrong.

SPEAKER_02 3:29

Yeah, and and here comes the radish, which you thought might be limited to just eating, or maybe on a salad, or maybe even on toast. And you actually have radishes out in the garden? Yes, I do actually have radishes. This is funny.

SPEAKER_03 3:42

And the radishes aren't ready to wrap up.

SPEAKER_02 3:44

They're not ready. But we did have beets last night, which were quite good. I'm not a beet fan, but did you did you boil them up and make them? She boils them, yeah. She likes beets, so beets and beans and snap peas, and we're gonna have a lot of tomatoes with this sunny warm weather coming out.

SPEAKER_03 3:59

There has to be something you can do to beets that isn't boiling them that makes them more palatable.

SPEAKER_02 4:04

Okay.

SPEAKER_03 4:05

Can you roast a beet? Do you put radish? I bet you it's on toast. Do you put radishes on toast? I put avocado on toast. Yeah, but radish? No, I don't radish my toast. Although I would imagine, in my culinary expertise, that if you thinly sliced your radishes and spread a creamy coating of avocado on your toast and then lightly dusted them with radishes for a little bit of a kick.

SPEAKER_02 4:32

I assume the radish was there for the uh like a like minced or something, put that on your toast.

SPEAKER_03 4:38

No, just thinly sliced

What Is a Radish Plan?

SPEAKER_03 4:39

radishes. Okay, thinly thinly sliced.

SPEAKER_02 4:40

This in this case is super thin. We're talking about uh radish, which is an employer-funded incentive program that let companies deposit money into account for workers for retirement.

SPEAKER_04 4:52

Well, it's actually. Wait, wait, isn't that a 401k?

SPEAKER_02 4:56

No, because that these this is for money that could be an emergency fund. It could be retirement because if they don't spend it, they could be put into a retirement account. So it's and by the way, this is for Isn't that an HSA? This is for people that's for health savings, uh, who hit performance goals, including safety, tenure, or on-time delivery. I think I get the bonus for on-time delivery, right? No. Anyway. Uh so okay.

SPEAKER_03 5:22

And the Okay, wait, wait, wait. First, I gotta I gotta ask before I go any deeper into this silly topic, and I honestly believe this is really silly. Why is it called a radish?

SPEAKER_02 5:35

Uh, because it's m designed to help people who work in originally in agricultural areas. Agricultural, so they're and also radishes, according to the guy who came up with them, was the same guy who had the idea for the 401k, take root quickly and grow fast.

unknown 5:53

Okay.

SPEAKER_03 5:55

This guy had his one great idea and he needs to stop thinking.

SPEAKER_02 5:59

He's 84. He couldn't.

SPEAKER_03 6:01

Well, then good. I'm okay. Well, that explains a lot.

SPEAKER_02 6:06

Uh here's the part that yeah, I I'm with Don. This is silly. There's no reason for another plan. But uh, because the 401k it says has helped 70 million American workers plan for their later years and sock away $10 trillion. It's a whole lot of money, $10 trillion.

SPEAKER_03 6:21

Do we need a radish plan? I don't think so. Aren't people compensated? Uh doesn't part of their compensation go into their 401k or 403B or 457 or whatever other plan they have?

SPEAKER_02 6:33

Yeah, it does. Because it's called a match. But it has nothing to do with your tenure, it has nothing to do with your on-time performance, Don.

SPEAKER_03 6:42

Well, it kind of does if you're not employed anymore, you're not going to get contributions to your 401k.

SPEAKER_02 6:47

The idea here is, and please let me finish. The idea here is that people who are have are not big earners who make less than $160,000 a year. Yeah. Yeah. Are are not taking full advantage of 401k plans. Now, the aforementioned other ones you just mentioned, IRA, Roth IRA, all those other ones, do a pretty good job of collecting money from people that are not in either don't have a 401k or are not participating in one at work. Okay. So these are, again, tax-advantaged emergency savings account that grows tax-free until they opt to withdraw the money.

SPEAKER_03 7:23

So is this only money the employer puts in, not the employee?

SPEAKER_02 7:28

That's where it gets a little hazy because it does.

SPEAKER_03 7:30

Because if the employee puts it in, how does that incur the employees are are less likely to put money into this one than a regular one?

SPEAKER_02 7:38

I look, you're you're you're you sound like you're arguing with me, man. I'm not arguing with that.

SPEAKER_03 7:42

No, I'm arguing with the concept.

SPEAKER_02 7:43

Yeah. By the way, no one has adopted this radish plan yet. Onions, yeah, they're all over the onion, but not the radish.

SPEAKER_03 7:51

What source published this.

SPEAKER_02 7:54

This is Bloomberg. It's a real source, real magazine. Oh, I know. I didn't say it was fake. Publication.

SPEAKER_03 8:00

I was just getting to why did they publish this?

SPEAKER_02 8:04

Because the guy who came up with the idea for the 401k says, hey, if you don't have enough in your retirement plan, maybe you should think vegetables.

SPEAKER_03 8:12

That's what he said. Maybe Senator Roth's grandkid should get quoted for his great ideas.

SPEAKER_02 8:17

Roth, that's a nice that's a nice sounding plan, Roth Ira. Radish? I don't know.

SPEAKER_03 8:23

Yeah, it's kind of You know what comes to mind years and years ago. I actually years ago, I I uh was in a community theater production of the Fantastics, and I sang the line Plant a radish, get a radish, never any doubt. That's why I love vegetables. You know what you're about.

SPEAKER_02 8:44

That's pretty good. Why'd you hold back there? You didn't give us the full Don McDonald treatment there.

SPEAKER_03 8:50

It's about you you it's about having kids. With vegetables, you know what you get. Uh the one of the lines is, but with progeny, it's hodgepodgeny.

SPEAKER_02 8:59

Ooh, somebody really did some work there. Uh this is yeah,

Save Something Today

SPEAKER_02 9:03

okay, but what it does point out is what you mentioned at the beginning, which I'm now going to go through again.

SPEAKER_04 9:09

Yes. You ready? Uh you just do your thing there, too.

SPEAKER_02 9:12

IRA Roth IRA, 401k, simple 401, 403B, simple IRA, SARSEP, profit sharing plan, defined benefit plan, money purchase plan, employee stock ownership plan, 457 Trump account, etc. There's a lot of ways to save for retirement right now. If you're not saving anything, you should start. I think that's the other thing that this the message always is on these things, like, well, I can't save enough. You could the way to save enough is to start doing something today. I don't care how old you are.

SPEAKER_04 9:41

Just to save, period. It just don't even need a fancy account to do that. You could just save.

SPEAKER_02 9:47

Yep. Do something. Um, and I guess for me, still at the end of the day, you should at some point understand the difference between just saving in a regular whatever, whatever account versus a tax-deferred account like an IRA or a 401k or a Roth. Just know the differences between those and do something. Put the money away.

SPEAKER_03 10:08

Don't just sit there, do something.

SPEAKER_02 10:11

Well, that's isn't that opposite of what he said? Didn't he say don't do anything or something?

SPEAKER_03 10:15

Don't oh yeah. Don't just sit there, do something. He said don't just do something, sit there.

SPEAKER_02 10:19

Yeah, that's right.

SPEAKER_03 10:20

But I guess you could go either way, depending on what stupid thing you're thinking about doing. If you're not saving, then don't just sit there, do something. If you are managing your money actively, don't just do something, sit there.

SPEAKER_02 10:32

Does that make sense? No, it does not. But that doesn't matter because the show rarely is.

SPEAKER_03 10:37

We're talking real money. Exactly.

SPEAKER_02 10:38

So uh thank you, Mr. Benna, for always thinking about other people, which is very kind of you. But in this case, uh I think you should replant and water and maybe give us some fertilizer and see what happens.

SPEAKER_03 10:49

Yeah, we'll pass on this year's crop. Yeah, I don't think we should see what you can grow next year.

SPEAKER_02 10:54

That said, you all have been so generous.

SPEAKER_03 10:57

Have you? Did they send radishes?

SPEAKER_02 10:58

Well, they didn't send me any radishes. They didn't send me any pickled rad pickled radish. This doesn't sound good to me.

SPEAKER_03 11:04

Uh oh, come on. Pickling anything makes it better.

SPEAKER_02 11:08

Okay.

SPEAKER_03 11:10

I mean pickled like pickled asparagus. Oh my god. Yeah, pickled asparagus is even okra, which is miserable, is okay pickled. I won't try that. So have you ever tried okra? No. Fried okra is just plain. It's slimy.

SPEAKER_02 11:27

Yeah. Not not happening here.

SPEAKER_03 11:28

It's like eating a snail. No, it's like eating a slug. Don't like the texture. No. That

Question Mailbag Begins

SPEAKER_03 11:35

doesn't sound good.

SPEAKER_02 11:35

Uh what I was trying to say is you've been so generous in sending us questions. Thank you. Oh, QA time. They're pouring in.

SPEAKER_03 11:43

These things came in at talkingreal money.com using the ask a question button that causes something to happen with the internet and this paper machine fires up and paper spits out with words on it, and Tom gets a big stack of them, and then he holds them in his grubby little hands and he goes, Oh, I'm gonna read this.

SPEAKER_02 12:04

Yes, and I'm now going to do that from Ocala, Florida.

SPEAKER_03 12:08

Ocala.

SPEAKER_02 12:09

Ocala.

SPEAKER_03 12:11

Horse country.

SPEAKER_02 12:12

Horse country. Lee writes, Um, Hi, I have 1.5 million in residential real estate that's rented out.

unknown 12:20

Okay.

SPEAKER_02 12:21

Apparently he's a landlord investor.

SPEAKER_03 12:22

He's a real estate investor. Guru.

SPEAKER_02 12:25

I have nothing to speak of it in terms of any other investment. I know nothing about stocks and such. I'm in my 50s. I feel I need to diversify. I plan to work another

Diversifying Beyond Real Estate

SPEAKER_02 12:35

10 years. Shall I take? It sounds like old English to me. Shall I take the yearly profit and put it in some ETFs or sell assets and put them in ETFs or both? I just set up a brokerage account at Vanguard, thank you, Lee. Starting all at the beginning in his 50s with nothing outside of real estate.

SPEAKER_03 12:56

You shan't need any knowledge of the stock market to embark upon a journey of investing outside of your business knowledge, which is investing in real estate and managing real estate. You see, that's not really an investment. That's more of a business. As a matter of fact, you could sell people stock in that business. That's what stock is it's ownership in somebody's business. And that's people's businesses. Many, yeah. Well, what one stock, though, is the ownership of a business that's somebody like you know I don't know, like Tesla. That was Elon Musk's baby that became a big baby. And he kind of became a big baby at times too. Um a trillion dollar baby. Okay, but to start, here's a thing. I'm going, okay, you don't have to know anything. No, you don't have to know anything about it. You know, you already know. You're listening to talking real money. True. Makes you feel sunny.

SPEAKER_02 13:57

Don't make me bring up the bunny. So here's the thing. Um let's let's but let's give him some if you're just starting today and you've saved nothing outside of real estate. The first account that I would do, I don't know anything about your income. That would be the only question here. But the first account I would do be a Roth Ira.

SPEAKER_03 14:15

Yep. In in the thing that doesn't require any knowledge of the stock market. Yep. An equity ETF.

SPEAKER_02 14:23

Yeah. And your options are, we've discussed this several times on the show.

SPEAKER_03 14:27

These are our easy, easy breezy options. We could give you a thousand others, but there are like V is in victory, T is in Tom.

SPEAKER_02 14:34

That's the Vanguard Total World Stock Index. A V G E Avantus Global Equity. Yep. Or DFAW, Dimensionals uh Global Fund. Any of those would be fine. You put the money in there, and as Don said, you don't need to know nothing.

SPEAKER_03 14:50

Nope. Yep. You don't need to know nothing. As a matter of fact, the people who invest it don't even really uh care about the companies. They they look at some figures, they look at some numbers, and if they pass through their screens, they become part of the portfolio. When they no longer meet those qualifications, they leave the portfolio. That's all there is to it. It is a relatively simple process. It provides great diversification, and as a passive, and this is truly when people talk about passive investing, investing in the stock market through mutual funds or ETFs is truly passive. When people call real estate passive investing, sir, you know they're wrong, right?

SPEAKER_02 15:30

You're in the business.

SPEAKER_03 15:31

It's hard work. This is truly passive. And by the way, when compared with passive real estate investing, like through a real estate investment trust or just you know buying a property and not doing anything to it and owning it, uh the the returns have historically been better, pretty substantially better.

SPEAKER_02 15:54

I think you're right. So uh the numbers would bear that out. So again, I I would start with the Roth. If you max that out, if you're over fifty, you can put in eighty six hundred dollars a year.

SPEAKER_05 16:03

Yep, yep.

SPEAKER_02 16:04

Then you would go to doing a brokerage account, just open up a brokerage account, and the same aforementioned ETFs would be fine there.

SPEAKER_03 16:11

There you go. I bet you have another question.

Military Exit Strategy

SPEAKER_02 16:14

I do. From Rayford, North Carolina. Do you know Rayford?

SPEAKER_03 16:18

No, sir.

SPEAKER_02 16:19

No, okay. Casey writes, Dear Don and Tom, I'm separating from the military in July of 2026.

SPEAKER_03 16:26

It must be near Fort Bragg.

SPEAKER_02 16:28

Must be out. Uh plan on keeping my TSP. That's a thrift savings plan. It's a federally operated plan for federal employees, rather than rolling it over to another financial institution. I'm very hands-on with my finances, and my post-military setup will include my TSP, a high yield savings account with Ally, because I'm too lazy to move it, and a Roth IRA and taxable brokerage account, both of which are at Fidelity. Okay. Sounds like a lot of accounts, but uh that's a whole other thing. Because of a 1099 side hustle, I have the opportunity to open a SEP IRA, which I don't think I mentioned is one of the possibilities for saving for retirement.

SPEAKER_03 17:09

SEP Simplified Employee Pension IRA.

SPEAKER_02 17:11

I love keeping things simple, but I recently read the New York Times piece about a Fidelity Systems glitch where a woman's retirement account completely vanished from her dashboard for days. Am I being paranoid, or does it make sense to open this new SEP IRA at a fourth institution as a form of cyber insurance diversification in case of an outage? Is the operational headache of managing another account at Schwab or Vanguard not worth the trouble? Love the show.

SPEAKER_03 17:37

You might be paranoid. Another song that one of my daughter likes. It's from the Jonas Brothers.

SPEAKER_04 17:42

Okay.

SPEAKER_03 17:43

Um, yeah. Yeah. Yes. You know, stuff happens. That that kind of stuff is it's going to get a lot of press because it's so unique. It's so unusual. Unusual. Yeah. It just doesn't happen. And the money is not going to be lost, short of, and you know, there's always the global conflagration scenario where somebody manages to hack every computer, globally, shut the whole system down, or an electromagnetic pulse planet wide, or you know, some sort of god-awful thing. But in that case, we all lose all our money, and it'll be gone at Schwab or Vanguard, too. So um, no. And boy, yeah, you got a lot of stuff going on.

SPEAKER_02 18:22

Yeah, I wouldn't open one because you don't need one more. Number two is uh in working with Schwab for 35 years, I've never heard of this circumstance. I'm sure it's happened, right? Something's happened to somebody. But they fixed it. They fixed it. You got your money back the next day, or whatever it was, two days later. So yeah, that's not a reason.

SPEAKER_03 18:38

As you said, you've got money spread around. Let's say for a second Fidelity went down, or you know, whoever you're working with, you know, you switch. They go down for a few days. You said you have money at the bank and high yield savings. You're not gonna be stuck for dough.

SPEAKER_02 18:51

I do question leaving the money in the TSP, which has very low costs, but the diversification is lacking.

SPEAKER_03 18:57

So but it's okay. If you have other things going on outside it, like he's gonna have a SEP. So what he could do is fill in some of the holes that exist, like for small cap value, the the holes in the TSP, he could fill those with his SEP.

Short-Term Cash Options

SPEAKER_02 19:12

Exactly. Yeah, okay, fair enough. Uh, Kenny writes it's from Des Moines, Iowa. Is it Des Moines, Iowa or Des Moines?

SPEAKER_03 19:18

Des Moines, it's Des Moines where you live in Washington. No, it's Des Moines here. No, it's not Des Moines.

SPEAKER_02 19:23

Yeah, it is.

SPEAKER_03 19:24

I live here. No, it's not. Des Moines is Iowa. They call it Des Moines there. In Washington? Yes. No. All right, hold on a minute to look it out. Look it up.

SPEAKER_02 19:34

Anyway, I had it wrong. It's West Des Moines. Oh, well. Yeah, well, no offense, Kenny. All right. Uh, he says I have a savings account emergency fund with Ally Bank. I believe the previous writers.

SPEAKER_03 19:48

Somebody had Ally there too, yeah.

SPEAKER_02 19:49

Yeah, that yields 3% return. I was thinking of putting the money in SGOV for a higher yield. It's approximately 3.85. Is this a good idea? SGOV is very short-term government bonds, I believe.

SPEAKER_03 20:03

Very short-term government bonds. And it does yield a little bit more, and it's very safe. And sure, why not? It wouldn't mind a bit. And by the way, we were both wrong about Des Moines in Washington. Yes. It's Des Moines in Iowa.

SPEAKER_02 20:15

And what's the Desk?

SPEAKER_03 20:16

It's Des Moines.

SPEAKER_02 20:18

Okay.

SPEAKER_03 20:19

Oh, with the S. Okay. With the S. That makes sense. Okay. I knew there was an S somewhere in it. I hear you guys say it, and I go, no, it's not Des Moines.

SPEAKER_02 20:28

You know, it's one of the places I don't talk much about, but maybe we should bring that back or something.

SPEAKER_03 20:31

And in Iowa, it's Des Moines. M O. No S at the end. Right, no S at the end. Yeah. Okay.

SPEAKER_02 20:37

But yeah, feel free to go to No Fascinating thing right now with short-term money. Basically everything's paying about the same.

SPEAKER_03 20:43

Everything's trying to be able to do that. But we're going to see that creeping up a little bit because uh shorter term bonds, the rates have been rising on them independent of what the Fed did.

SPEAKER_02 20:55

Well, yeah, the yield curve is flattening once again.

SPEAKER_03 20:58

Yeah. So yeah, you might get, you know, you you might get 4.1, 4.2, 4.3. I don't know. You might. What is my bread paying now?

SPEAKER_04 21:08

Your bread is rising, should we say my bread is rising. Oh, very good.

SPEAKER_03 21:15

Oh my goodness. Oh my goodness gracious. Let's see. What do they have? No, it's only it's 3.95.

SPEAKER_02 21:22

I'm telling you, basically everything that's crazy. So anyway. So if you're if you don't have if you have the time, move it around. Want to make a little more money? Go right

Roth Match Mystery

SPEAKER_02 21:30

ahead. That's your thing. That's the answer. Heart Cell Alabama, Jamie writes us in the latest episode, you asked if anyone's employer matches the Roth IRA contribution. I think Jamie meant to say Roth 401k contribution, but my employer's 401k is with John Hancock, and they do match 50% of my Roth 401k contribution. I contribute five to the regular 401k and three to the Roth for a total of eight. My employer contributes half of the eight. Since I'm already here, I thought I might ask. A question as well. Thank you, by the way. We we did not know that anyone was making Roth matching contributions, and there are a few places that are. Which would be unusual because then I still don't understand how that works because you're gonna have to take the money in and pay tax on it before it goes in your account, correct?

SPEAKER_03 22:17

Um yeah, I mean like it's odd. I mean Roth 401k, they can match it, but it can't go into the Roth. You see? They can match your Roth contribution, but it can't go into your Roth 401k because it hasn't been taxed. So what they do is they put it in generally speaking, they put it in the regular 401k.

SPEAKER_02 22:42

Oh, okay.

SPEAKER_03 22:43

Uh but a few plans are now doing it into a Roth. A very few. There's just it's some new rules. Um but you have to pay income tax on that matching contribution in the year you get it. But these are really rare. Yeah.

SPEAKER_02 23:04

And just to continue our lobbying efforts, which never end, please, Congress, get rid of all the traditional stuff. Just do Roth.

SPEAKER_03 23:11

Oh, and you know what? That that's the thing. That goes back to our original premise of the program, which was the list, the incredible list of retirement accounts that exist, retirement plans. Why don't we just simplify it and make it all just call it Roth? Just call them all Roth. It's a 401k, 403B. Make the contribution limits the same, or just have a company Roth and an individual Roth. That's it. A little higher contribution for the company, a little lower for the other. You pay taxes on anything the company gives you that goes into the Roth. Period. Simple.

SPEAKER_02 23:45

No radish. No.

SPEAKER_03 23:47

No radishes. No carrots, no rutabega. I like the idea of a rutabaga. That's uh that's an account that's just fun to see.

SPEAKER_02 23:56

Save now with a rutabaga. Yeah, okay.

Roth IRA Withdrawal Rules

SPEAKER_02 23:58

Uh she said I can ask a question. I'm 54, starter Roth Ira with Fidelity. This year plan to max it out each year. If I retire in the year I turn 59, can I go ahead and take distributions from it without penalty, even if I'm not 59 and a half? Thanks for all you do. Enjoy the podcast and hope get Don's Civil War book soon. I ordered it today.

unknown 24:19

Oh, thank you.

SPEAKER_02 24:20

By the way, you haven't talked much about that lately. How have the sales been going?

unknown 24:23

Oh, yeah.

SPEAKER_02 24:24

The money's just rolling in, hand over. Oh my gosh.

SPEAKER_03 24:28

I knew being an author was gonna be my calling. Very long. Uh that I was just gonna make more money than I would know what to do with. Let's see what the actual sales are through uh well. This is through uh today.

SPEAKER_02 24:44

Yep.

SPEAKER_03 24:45

For July. I don't have June's figures, but uh uh sold 106. No, I'm sorry, I take that back. Oh, that how did I sell so many? Oh, you bought a bunch of financial physics, didn't you? Yes, we did. Yeah. I was gonna say I sold 116 financial physics and 96 the lines uncrossed.

SPEAKER_02 25:04

So that means in total you sold more than 200 books in one month. Now take that out. So that would be 2,500 a year, $2,400, $400 a year.

SPEAKER_03 25:13

Yeah, at about $4 a book.

SPEAKER_02 25:16

There's $10,000 right there, dude. I'm rolling in dough now. As I said, you're rolling in it.

SPEAKER_03 25:21

And that's only if it continues. This was a weird month for financial physics because it usually does not sell more than about ten or twelve dollars.

SPEAKER_02 25:30

We needed him to send to people that we gave the free book to, and we needed them for our client event, which is coming up here very shortly. So you lucked out. It all worked out.

SPEAKER_03 25:40

Oh, I got the number. Okay, here's my royalties estimate. How much, ladies and gentlemen, stand by for uh both books during the month of oh yeah, uh the line on cross made more money because it's a lot of print. Yeah. Uh six hundred and seven dollars and fifteen cents.

SPEAKER_02 25:57

Six hundred and seven bucks. I think that's about what I made reffing in July, too. Yeah, so look at us.

SPEAKER_03 26:02

We're just real money. Our side gigs are just making us wealthy.

SPEAKER_02 26:08

Yours is passive. You're just sitting there collecting it. I gotta run up and down the field and chase these people around, give them yellow. I just spent a year writing that book. That's true.

SPEAKER_03 26:15

That's and plus I'm still narrating the audio book. I'm not done yet. I'm gonna be done, I think the end of September or maybe the middle of September

Final Thoughts and Contact Info

SPEAKER_03 26:22

it'll be done. All right.

SPEAKER_02 26:23

Enough on all that stuff. Thank you for sending your questions. Please send more and please ask for help if you need it. Because that's what we're here for.

SPEAKER_03 26:30

How do they ask for help, Tom?

SPEAKER_02 26:32

I think you go, help like that.

SPEAKER_03 26:36

Sure. If you have the string in the ten cans to connected directly to Tom, just scream in the can.

SPEAKER_02 26:42

And real loud.

SPEAKER_03 26:43

Or you go to talkingrealmoney.com and click on the button that says meeting an advisor. The internet's working. Assuming the internet works, yeah.

SPEAKER_02 26:51

Uh, all kidding aside, talkingrealmoney.com, click on ask, no, pardon me, meet an advisor.

SPEAKER_03 26:58

And please, please, please, please, please spread the word about this program because really the more the merrier. And now, in addition to great financial information, entertaining banter, you also get the ongoing excitement of what will the song be today on Top Real Mother.

SPEAKER_00 27:23

The opinions and views expressed on this podcast were current on the date recorded. Opinions, estimates, forecasts, and statements of financial market trends that are based on current market conditions constitute our judgment and our subject to change without notice, including any forward-looking estimates or statements which are based on certain expectations and assumptions. Although information and opinions given have been obtained from or based on sources believed to be reliable, no warranty or representation is made as to their correctness, completeness, or accuracy. Information presented on the podcast is not personalized investment advice from Apollo Well. The views and strategies described may not be suitable for everyone. This podcast does not identify all the risks, direct or indirect, or other considerations which might be material to you when entering any financial transaction. Past performance does not guarantee future results, and profitable results cannot be guaranteed. We hope you realize that the information provided on Talking Real Money is for informational, educational, and hopefully enjoyable purposes only. The podcast is not trying to get you to buy or sell any financial products or securities. Instead, the program is provided as a public service by Appello Wealth, a fee-only registered investment advisor. Please see Appello Wealth's ADV Part 2A on our website for information regarding Appello's fees and services. Appello Capital, L L C D B A Appello Wealth, is an investment advisory firm registered with the Securities and Exchange Commission. The firm only transacts business in the states where it is properly registered or excluded or exempt from registration requirements. Registration with the SEC or any state securities authority does not imply a certain level of skill or training. Appello does not provide tax or legal advice, and nothing either stated or implied here should be inferred as providing such advice. Thanks for listening, and please visit talkingrealmoney.com for more information and important disclosure related to performance of any specific index or fund quoted in this podcast. When the lawyers get richer.