Today, we’re wrapping up our topic from last week, Inflation. If you get a chance to watch last week’s show we specifically talked about gasoline. Today we’re talking more about just general inflation, how it affects clients, and what you should do to prepare for it. Inflations can’t be avoided but you can have a plan! If you’d like to speak with one of our advisors or need more information regarding any of the topics discussed on our show, please give us a call!

Speaker 1 [00:00:01] All right. Welcome to the Money Puzzle. Last week, I called it Peace of Mind Radio. It’s actually the money puzzle, which we change the name about a year ago, and I still haven’t figured it out. But anyway. All right, so welcome to the Money Puzzle. Today, we’re talking inflation again. It’s a follow up from last week. If you get a chance to watch last week’s show, make sure you go back and check out last week’s show. We specifically talked about gasoline. So we’re not necessarily going to talk about gasoline explicitly today. Today we’re talking more about just general inflation, how it affects clients and what you should do to prepare for it. Because what we do know, because we’ve had a ton of people walk in the door over the last year, is that you’re not preparing for it or you’ve not prepared for it. And so we’re going to make sure that we talk about ways that you can do or things that you should be doing today to prepare for situations like this where we have huge inflation. So with that being said, phone number for us, 5022005214 or 5210. And just so you know, we’ve had a couple people ask our office location, we’re actually here a little and building is at the corner of Hurst Lane and Shelbyville Road. So we’ve had several people say, where you located? So we thought we would point that out, but.


Speaker 2 [00:01:14] We’re not in the Flash Q Building. We’re next door to the Flash.


Speaker 1 [00:01:18] That’s right. Yeah, we’re actually right sort of behind next door. Behind something like that.


Speaker 2 [00:01:22] Anyway, behind P.F. Chang’s and.


Speaker 1 [00:01:23] Behind P.F. Chang’s. Yeah. There you go. So with me today, Chris Bowen. Chris is one of our partners. And he he and I were before the show. We were talking before we recorded the show. We were just talking about inflation and how it affects people. And really, I’d say over the last three, four or five months, right, this has been the topic of conversation when somebody walks in the door. Oh, yeah, all about inflation. That’s all anybody ever talks about is they’re paying more at the pump. They’re paying more just when they go to the grocery shop. So Chris and I were like, Hey, what should we do? Well, let’s just go on. Let’s continue on conversation with what Aaron and I had last week. And let’s talk about inflation. Generally speaking, we’re going to walk through and we got to several them here. Yeah, we’re going to walk through the different I guess the main points of inflation, right? Yeah. Because there’s a big disconnect between the reported inflation that we hear reported every day and what inflation really is. So talk about the government, the CPI minus food, energy, talk about how they you know, the disconnect really.


Speaker 2 [00:02:27] Is the what they basically inflation number on when when you see that number on the news or you know, on your app or however you take your news and nowadays it’s the CPI you so the CPI is the consumer price index and then there’s a bunch of different versions and the you is urban and I don’t remember all the details about how you get into it, but it’s, it’s basically this is how much it costs to live in a city in the United States. And then what they’re looking at is, is a year over year number. So when they say it’s I think it was 8.6 is what we got from May. Is that is that right? I believe so. So what they’re saying is it costs 8.6% more for everything that you buy than it did in May of last year. That’s what that means. But you know what? You know, we were talking about some other things. Gas is not up 8.6% since last year. It’s up a whole lot more than that. And everything that you buy is, in fact, or excuse me, affected by the cost of fuel. You know, you all were talking about it last week. When you go to the grocery store, you go, oh, my gosh, you know, these bananas are they’ve gone way up. Why are bananas more expensive? Because you still have to get them to the grocery store. They don’t grow this stuff behind the store. So fuel is driving the cost of everything like that. And it’s a whole lot more than 8.6%, at least in what we feel.


Speaker 1 [00:03:51] Yeah. And don’t you think you know when and this is so we’re talking about inflation day but this really kind of goes to most government numbers. Why if we look at because we talked about this the other day just among in our group talking about the unemployment number, you know, that’s what, 3.6, 3.8%, something like that. We know that’s ridiculous. We know it’s probably more on the minds of I always say it’s it’s the unemployment number plus 15%. Yeah, it’s really what the number should be. So it’s probably closer to 18, 20%. Well, it’s a.


Speaker 2 [00:04:22] Numbers based on how many filings they’ve had for unemployment claims. That’s not there’s more to it than that in reality, but there’s no way for them to calculate that accurately. That’s why it’s always worse than what they say it is.


Speaker 1 [00:04:34] Yeah, I totally agree. But again, I bring that up because I think inflation is the same thing. Right? So inflation, they say, is running eight plus percent. My guess is we’re going to get another inflation number coming out, you know, probably in the next couple of weeks. And they give June yet or no, we’ll get June here in a couple of weeks, whatever. We’ll get that. We’ll get that here in a couple of weeks. Yeah. And my guess is probably going to be by closer than.


Speaker 2 [00:04:58] I think it’s gonna be similar to what they gave. Yeah. Maybe worse. Yeah. Yeah.


Speaker 1 [00:05:01] Could be close to 9%. So what we thought we do is and I actually posted it on my LinkedIn page. So if you want to go back and check out the full article, just go back, search me up on LinkedIn and read my last post, I believe. Or maybe it was a post prior to that. But let’s just walk through this because what what I did was I said, okay, what are the things that we consume or use and what has what’s the general hey, it’s people up. And they were like looking at us like, oh, and I was like, All right, we’re doing a podcast anyway. But what I thought I’d do was sort of run through, and that’s what we would kind of go back and forth here. Let’s just run through the top. Items, groupings, if you will, that affect us the most and what? When we were researching it, what Richard said has actually happened. Okay. All right. So first of all, let’s talk about food.


Speaker 2 [00:05:51] Right.


Speaker 1 [00:05:51] So I. I don’t I don’t it’s one of those things I didn’t find a specific number. Okay. But generally speaking, the way I look at it is and I’ve talked to a lot of people. You go to the grocery store, I know I buy kind of the same stuff. Right. I’m not a ClickList guy, so I don’t just click the exact same stuff. But when I go in there, I’m pretty much about the same stuff unless I have to buy toothpaste, one off or detergent or whatever. But for the most part, if I go in there, if I go back two years ago, my average bill was somewhere 120, 200 and, you know, 100 to 120 bucks. Something like that. Mm hmm. Right. I go in there by the same stuff, not like I’m buying anything different. Still the same brands, whatever I was buying before. And now I’m like 150 to 170. That’s more than 8%.


Speaker 2 [00:06:37] Yeah. Yeah.


Speaker 1 [00:06:38] I’m I’m not a you know, I don’t quit. Can’t do math that quick, but I can tell you that’s more than 8%. Yeah, I agree. Right. So what’s been your experience?


Speaker 2 [00:06:46] And I would tell you the same thing now in my house, my wife does all the grocery shopping and before you get upset, the reason she does all the grocery shopping is because if I do it, we’re going to have donuts and beer. That’s the only thing that’ll make it home. If I go to the grocery store, I do remember to get, you know, toothpaste and deodorant and stuff. That’s about it. So anyway, I can tell you she is a ClickList person at Kroger. She’s really loyal to that. So she’s ordering basically the same things week in and week out with some one offs. And she’s been complaining about the cost of multiple things for quite some time now, so I couldn’t give you the numbers. She intentionally keeps that away from me, just, you know, to keep my brain from exploding. But she has been griping about how food has really, really skyrocketed last almost a year now.


Speaker 1 [00:07:32] Yeah, yeah, yeah. All right. So we kind of handle gasoline last last time, so we won’t necessarily talk about.


Speaker 2 [00:07:38] But I would go into more on the food side. My opinion, yeah, it is the cost of fuel that is driving that cost of gasoline. These are not finished goods that are being produced for the most part, even in a grocery store, you know, food or consumables that we don’t have a supply problem with that necessarily other than the cost of getting it to market.


Speaker 1 [00:07:58] Well, the other thing I was going to say, energy was you were. Yeah, energy where I was going to take that was I’m not going to necessarily talk about gasoline. However, I do think it’s an important point. And Chris brought it up. And by the way, we didn’t we didn’t talk about that, too. Just happened to come up. If you go back and look at Target and look at their earnings report from last month. They actually top line revenue, which is kind of gross revenue. Okay. Their top line revenue grew. Their visitation, meaning the people that walk in the door. Traffic count was up. Why they why they missed numbers and they missed pretty big last quarter was because of fuel charges. It was almost $1,000,000,000 in extra fuel charge they were going to take this year, this calendar year alone, and future unanticipated fuel costs.


Speaker 2 [00:08:45] And so it’s not a total billion dollars. That’s more than what was already anticipated, correct? Yes.


Speaker 1 [00:08:49] Yes, correct. Yeah. So that’s why I mean, if you look at you’re like, okay, look, look across the board at the earnings. And we’re not going to we’re not going to talk about earnings right now. But if you look across the board earnings, a lot of the misses, if you will, we’re due to energy costs. It wasn’t due to traffic, kind of wasn’t due to us coming out and spending money. It was due to energy costs, which, again, we don’t think of that as inflation. Yes, gas gas prices have gone up. But that’s really, you know, an impact of inflation is when we look at our for all occasions and all the prices have gone down. It’s the fundamental the underlying factor, if you will, is fuel cost.


Speaker 2 [00:09:27] And so that’s the big one, no question.


Speaker 1 [00:09:29] Oh, yeah, absolutely. It’s kind of been a punch in the face. All right. Let’s talk about housing. So we’re in Louisville. It’s not as bad as it was about a year ago.


Speaker 2 [00:09:38] Oh, it was unbelievable.


Speaker 1 [00:09:39] Unbelievable over the last couple of years. But housing prices have gone through the roof. It is slowing down. So we got housing starts, have stroke, have have fallen considerably.


Speaker 2 [00:09:49] Now it is slowing down. That’s not to say it’s slow.


Speaker 1 [00:09:52] Or it’s not start, that’s.


Speaker 2 [00:09:54] For sure. Going just not as bad.


Speaker 1 [00:09:56] Yeah. It’s nowhere near. I guess I was comparing this period to last year has it’s dramatically slowed down but it’s still good. Don’t don’t misunderstand. However, so we looked at the national U.S. National Home Price Index. The average across the United States is up 18.6%.


Speaker 2 [00:10:18] That’s year over year. That’s not like over the last ten years. That sets last year.


Speaker 1 [00:10:24] That’s since last year.


Speaker 2 [00:10:25] Unbelievable.


Speaker 1 [00:10:25] It is it is shocking now. And the average home price was 220, $227,000, something like that. That’s a that’s a big number, right? Almost $40,000.


Speaker 2 [00:10:36] If you think about it. Just to put that in perspective, if you’re up 18% year over year on a $200,000 house, that means that your $200,000 house last year is worth $236,000 this year.


Speaker 1 [00:10:48] Yeah.


Speaker 2 [00:10:49] That is huge. It’s more than what most people can process.


Speaker 1 [00:10:53] Yeah. And there’s all these multiple things. You have to look at it from this perspective. So, Chris, if you go and buy a house today and you’re, let’s say last year, you could have bought that house at 200,000, this year you’re having to pay 236,000. Your your mortgage payment has gone up. Absolutely right. So now you have you’re paying more for that House.


Speaker 2 [00:11:12] Right? My tax bill and.


Speaker 1 [00:11:14] Your tax bill is going up.


Speaker 2 [00:11:15] And my homeowner’s insurance is going to go up because the insurance company has to cover more.


Speaker 1 [00:11:20] Now. Right. So now you have less. That’s a form of inflation. Absolutely. When your tax bill goes up, when your homeowner’s insurance, it’s so there’s all these trickle down effects of increase, increase across the board, number one. But that’s more we were just talking about housing increases. Yeah. So it’s not just what you pay for your house. It. There’s a lot more to it. All right. So let’s go to the next one real quick. Cars, cars, another one.


Speaker 2 [00:11:46] It’s unbelievable that the value of vehicles that are used, vehicles have actually gone up recently. This is a depreciating asset. We’ve joked for years about how when you buy a new car, that thing loses 5000, 6000, $7,000 in value the moment you drive it off. Right. That is not true anymore, you know, because there’s so much of a demand for vehicles. It’s it’s been unbelievable. There’s as I’m driving into the office in the morning, Carvana has put up one of those vending machines. Yet hours before COVID started, that was full and they had it lit and it was really kind of a cool looking thing. Right? They haven’t been lighting it in quite some time, and I think it’s because half the spots are empty.


Speaker 1 [00:12:31] I went by there yesterday and I know you talk about the one out here isn’t 64. I drove by 64. They had three cars in there and one of them was a carvana car. So probably winning for sale by just, you know, when they had to stick in there. Just do it. I mean, it’s unbelievable. But the interesting thing about used cars is, let’s see, blah, blah, blah. The U.S. Bureau of Labor Statistics said that used car and truck prices jumped 40.5% from January 21 to January 20. Unbelievable number. It’s shocking. But here’s here’s the most notable thing. So I have I have a 2000 where I bought this in 2020. I have a 2018 Jeep Wrangler came and I bought it from crossed jeep here in town. So I had a guy call me from there and said, Hey, are you insane? Don’t you turn selling your. I’m like, No, dude, I love it, you know? I love that thing. They were willing to offer me more than what I paid for two years ago.


Speaker 2 [00:13:32] And they’re planning on reselling. Yeah. So they’re not offering you what they think it’s worth.


Speaker 1 [00:13:36] Right, exactly.


Speaker 2 [00:13:37] Unbelievable. Yeah.


Speaker 1 [00:13:38] It it is. And I’m hearing that more and more people are trading in their cars and like I trade I bought this car two years ago, drove it, you know, 24,000 miles. And I used to, you know, trade in a car every two years. And they’re giving me more for that car right now than what I paid for two years ago.


Speaker 2 [00:13:54] It’s an appreciating asset. I mean, that’s that’s the way real estate is supposed to work. Now, you got cars doing that recently. Yeah. And I’m curious. Yeah. Let’s talk about what the cause of that is. You know, I can explain the cause on a lot of these things, but. But vehicles is a little bit of a stretch. So do you think, for example, that it’s it’s there has been a big chip shortage. And, of course, they can’t make a car that doesn’t have computer chips in it now. Out where I live in Shelby County, there is a temporary site that they had leveled out in order to do some some new utility poles. Ford has come in and fenced that area in. And at one point in time, there must have been several thousand full size trucks out there and security guards. And it was because they had produced them, but they didn’t have the chips. Right. Well, they finally got rid of all of them. Let’s fill it up again. And it’s not just they’re full size trucks. And in addition to that, there’s a bunch of Amazon vans out there brand new.


Speaker 1 [00:14:54] Yeah.


Speaker 2 [00:14:55] So is that what’s really driving this this appreciation in vehicles, which is not normal and it’s part of the inflation issue?


Speaker 1 [00:15:05] Yeah, I think I think that’s part of it. I think there’s a part of in the pandemic, I think there was cars were, you know, we weren’t trading in our car to we couldn’t go in to places and trade in our cars. And so usually there’s this constant flow of selling our cars and buying new cars. And I think that kind of slowed down. And so there.


Speaker 2 [00:15:24] Was all die to go get a trade our car and now because we delayed how long it would normally take.


Speaker 1 [00:15:30] Us. Well yeah, well, we all started getting, you know, getting the whatever money we got from the government and we’re like, hey, let’s go spend, let’s just go buy a brand new car or go buy a used car. And then so the demand sort of outpaced the supply by a long shot. And so I don’t know that was the case with, you know, a lot of cars that you would go like to Avis or Hertz or whatever, rental cars, what they did during the pandemic, they were dumping those inventories because they couldn’t hang onto them. Right. Right. They were just getting rid of it. And then all of a sudden, the demand came back for rentals and they had they had no real. So, you know, there for about six months, it was very difficult to find a rental car.


Speaker 2 [00:16:07] Oh, yeah. People were renting U-Haul.


Speaker 1 [00:16:09] I was no, they were.


Speaker 2 [00:16:10] On vacation just to get around, you know, Florida and California.


Speaker 1 [00:16:13] Wherever they were. Yeah, it was bad. I know we struggled a couple of times we traveled and so but I think that’s all kind of it’s all kind of, you know, take care of itself now. But I know even you drive by any car, Carla, and they’re still. It’s getting better. It’s a lot better. It used to be. Now you go by the parking lots, about three course full. It used to be, you know, maybe a third full. Yeah, but now it’s about three or four. So I think the I think the automobile industry is, is now coming back and where it’s a little bit more normal. So I don’t think you’re going to see, you know. Dealerships call and say, hey, I’ll give you the same thing, you know, for your car that you bought it from me two years ago.


Speaker 2 [00:16:49] Do you regret that decision at all?


Speaker 1 [00:16:50] No, because I love it. I know. I know. I love that thing. All right, so let’s keep going. So, clothing. This is an interesting one. So I started Googling clothing and there wasn’t I couldn’t find a data statistic about the increase in price of clothing, although there were some hints about clothing. But it said the clothing didn’t go up that much. And I will tell you that I see that because I’ll go buy a pair of shoes or buy a pair of pants or my shirt. I was looking for a pair of jeans specifically, and I found a fit, the same pair of jeans I bought two years ago. And it wasn’t much it wasn’t much price difference. So it wasn’t like it went up 30% or what. It was not that much difference. I don’t buy a ton of clothes. I’m not a big shopper. But but it did say that it had gone up about 5%, which which was a little shocking to me.


Speaker 2 [00:17:37] Yeah, I kind of had the same experience. I’m a little bit of a of a I’ve got more shoes than most women, you know. So I do keep track of those prices because I buy them so much. I have not noticed a big increase in that. Yeah, it seems like the cost of clothing is going up. But you know, you and I are in similar situations. We’ve got two boys each. They’re growing so fast that you’re constantly buying. So it’s kind of hard to keep track of. Is the actual cost going? Yeah.


Speaker 1 [00:18:05] Yeah. But I didn’t see where it said it was a huge number. Yeah, but it’s into utilities kind of thing. That is that’s more of a regulated industry. So you’re not going to see prices go up, you know, 20% because it’s regulated. I think it said the national average was 3.9%. That’s about right. I think I’d yeah, I haven’t really noticed. Like I do my LG bill here, I actually do the the budget billing. So mine is the same throughout the year and it’s really no I mean, it’s gone up some, but it really hasn’t gone up a whole lot in the past four or five years.


Speaker 2 [00:18:38] So my wife and I were talking about this one the other day. You know, we’re on cue at where we are. And she said, you know, it really went up. And I said, well, let me see. And if you look at the back of your statement, people don’t realize this. You say, okay, well, in in the month of June, I paid this amount. Well, last year I didn’t pay as much. But how many days were you billed for last year? Sometimes you were built for 32 days and this year you’re building 29. So I have not noticed that the utilities have gone up because they are very, very regulated. Yeah, but if you have that sensation, you might want to go back and look at that. It may not be a fair comparison.


Speaker 1 [00:19:16] You. Yeah. What I would tell you is if you’re not on budget billing, you’re crazy because budget billing is so much better for cash flow. That’s they’re not talking about financial planning right now. But but it does make a lot of sense to be on budget billing because you basically pay the exact same amount all year and you can budget with it, especially you avoid months like right now where the you know, we got 90 plus weather outside every day. It will be for the next month. You get your energy bill. It’s not going to be 80 bucks. I mean, it’s just not.


Speaker 2 [00:19:44] A little bit higher.


Speaker 1 [00:19:44] It’s going to be a little bit higher. So you can avoid those big swings in your utility bill. So I’m a huge fan of budget billing and by the way, so is some of the utility companies. They’d rather you be on budget billing than not be on budget because.


Speaker 2 [00:19:56] It makes it easier for them to do their own budgets. Yeah. So, yeah, they are fans.


Speaker 1 [00:20:00] Yeah, yeah, for sure. All right, let’s. So cable, cell phone, internet. Um, another one that I haven’t seen increase that much. Like on my cell phone bill, it’s been pretty much the same. It’s gone up a little bit, but not not tremendous amount. No, I have you know, if I go get a new phone or something, you know, the price of that, if I if I want to get that on a budget or are on a build over 12 months or whatever, that’ll increase it. But I really haven’t seen that service go up that much.


Speaker 2 [00:20:29] I mean, I haven’t really noticed anything on that. Keep in mind that in that industry, most everybody is in a price contract. So, you know, it has to do with when you buy the phone so that here’s the price. So you don’t see those go up very, very rapidly because they’re kind of build out a year or two in advance.


Speaker 1 [00:20:46] Yeah, the only exception to that, I’d say. So we kind of lumped this that’s really part of utility. But I love the cell phone, internet and cable in one lump because cell phone, I really not notice that my Internet, which is lumped into my cable, I did go back and look at over the last 12 months, it’s pretty much been that’s what they’ve, you know, has been pretty consistent. It’s the cable my cable bill went from $190, which is completely ridiculous to begin with. But 190 bucks, I don’t know, a year and a half or so ago. And it’s to what I say, 225 I believe now that’s an 18% increase in. I still watch the same eight channels, not like I watch anything different. I’m not watching any, you know, any more. But they’ll just tell you that the price of just delivering content is going up well.


Speaker 2 [00:21:40] And that kind of feeds into this. This would also I would consider. To be a utility slash entertainment type thing. You know, my Internet, I don’t have regular cable. I use streaming services for my live TV, but I do have cable Internet. That’s in a contractual price that I’m grandfathered into. As long as I don’t change it, I’m going to get that price forever. But the different streaming services, the way that we’re consuming our entertainment, those are going up and they’re going up fast. But that’s not necessarily driven by the same inflation that the rest of this is. It’s we’re finding that and this has been in a lot of the earnings reports that these companies, Netflix, most famously has come back with. They’re not making enough money to keep up with their competition. Right. So they’re having to they’re having to produce more shows and more expensive things. And, of course, those are expensive and that’s raising their expense. So they’re having to raise their rates just to keep up with the demand that people have for for the latest greatest. So that is a form of inflation that we’re all experiencing because most of us do use those services.


Speaker 1 [00:22:44] Yeah, for sure. All right. So what we’ve been talking about is just the overall inflation and how really when you look at the number, you look at the CPI number, even though they exclude food and energy, which is really one of the most, you know, inflation impact piece of what we what we consume don’t believe the 3.8.9, three point whatever, whatever it winds up being, don’t believe it. You have to go based off what you’re actually spending. So you should do your budget and look back and say, this is what I spent a year ago. This is what I’m spending now. That’s the real cost of inflation. That’s what you have to look at and that’s what you got to plan for. So, Chris, just in a minute or so we’ve got left, maybe talk about how you encourage clients to plan for inflation.


Speaker 2 [00:23:32] When I’m talking to clients, when we’re developing a good financial plan, one of the things that I tell people that I always get groans for is that you really should work on a budget. Oh, I don’t want to do it’s a bad word. But I will tell you that if you have that budget built into the overall financial plan and you’re automatically increasing those budgetary expenses year after year so that you’re forecasting some inflation in, then number one, the inflation is not as painful because you already had that figured in. And number two, when you do get the inflation numbers like you have right now that are a lot higher, at least temporarily, than what that forecast is, you’re minimizing that pain. So, I mean, I hate doing a budget to it’s not a fun thing to do, but it’s amazing the pressure that it takes off of you knowing that here’s how much money I’ve got to spend on these types of things and having that inflationary increase in that budget built into it over time, it just gives you so much peace of mind when you know what’s the biggest stressor that people have? What’s the number one cause of divorce, blah, blah, blah. It’s always comes back to money. And if you’ve got that budgeted out correctly and you’ve built a good overall plan, man, it just makes life so much easier.


Speaker 1 [00:24:44] Yeah, yeah. It really it it truly is all about planning. And, you know, along with what Chris said, we talked about this last week in the show. So if you didn’t catch it, make sure you go back and catch out. Aaron and I talked about the impact of inflation, especially on gas prices and why gas prices have gone through the roof and how there’s this disjointed relationship right now with the price of oil and gasoline. And we talked about how do you plan for inflation, Chris? And I’ve been talking about it, but at the end of the day, it comes down to the same thing. You have to plan for it. And when you do a good financial plan, you plan for things like this where it’s inflation. You don’t have to go and stop driving your car or stop going out to eat or stop going to the movie. You don’t have to do that. You just have to plan. And what we know is that the majority of you that are watching this right now have not done that because we get people that walk in the door all the time, especially over the last six months, have said, you know what, I have not planned for this. This inflation is kick him out. But I want to make sure that, you know, that I’m still on track to retire. I want to make sure that I do what I need to do in order to minimize the impact of inflation. We do that by doing a financial plan to know that, yes, there are going to be times like this. We’re going to have another case where we’re going to get huge inflation.


Speaker 2 [00:25:58] It’s to it will happen.


Speaker 1 [00:25:59] It’s coming again. Even when we get past this, it’ll happen again. So we have to plan for it. That’s the key. So anyway, appreciate you watching again, if you want our phone number 502, I’m sure Mr. Producer put out there 2005210. You can visit our website at FWB. That’s Frank William Paul Partners dot com. You can go back and look at it in our other podcast. We also have another podcast that we send out every week which is called Something in Bourbon. We hadn’t figured that out, but it’s.


Speaker 2 [00:26:31] Good. We’re calling it the F.W. Pepe Bourbon Show last time. Okay.


Speaker 1 [00:26:35] All right. So we got big fans.


Speaker 2 [00:26:36] Not there.


Speaker 1 [00:26:37] Yeah. Anyway, it’s a cool show. We talk about bourbon every day or not every day, but. Every week. So we do have a couple of ways to enjoy our content. So whether you’re watching us on YouTube or listen to us, just make sure that you rate, let’s see, like subscribe rate review. We would appreciate it. Make sure you share it. So if you like our content, just reshare, share to your audience and say, you know, whatever comments you want to say about it. So anyway, that’s it for another week. Make sure you tune into our show every week. You can also catch the Money Puzzle TV show that comes on every Saturday morning at 1030 on ABC. Well, that may be changing a little bit, but you can check back at our website. We’ll have it listed where and when that airs. So thanks again for watching and we will see you guys next week.


Speaker 3 [00:27:23] The information given herein is taken from sources at IFP Advisors LLC doing business’s independent financial partners, IFP, IFP Securities doing business. This IFP and its advisors believe to be reliable, but it is not guaranteed by us as to accuracy or completeness. This is for informational purposes only and in no event should be construed as an offer to sell or solicitation of an offer to buy any securities or products. Please consult your tax and or legal advisor before implementing any tax and or legal related strategies mentioned in this publication, as IFP does not provide tax and or legal advice. Opinions expressed are subject to change without notice and do not take into account the particular investment objectives, financial situation or needs of individual investors. This report may not be reproduced, distributed or published by any person for any purpose without AFP’s express prior written consent. Securities offered through IFP Securities, LLC doing business as independent financial partners, IFP Member of FINRA and SIPC. Investment advice offered through IFP advisors doing business as IFP. A Registered Investment Advisor, IFP and Family Wealth Planning Partners are not affiliated. The information given herein is taken from sources that IFP Advisors LLC. Doing business as IFP, IFP Securities LLC, doing business as IFP and its advisors believe to be reliable. But it is not guaranteed by us as to accuracy or completeness. This is for informational purposes only and in no event should be construed as an offer to sell or solicitation of an offer to buy any securities or products. Please consult your tax and or legal advisor before implementing any tax and or legal related strategies mentioned in this publication, as IFP does not provide tax and or legal advice. Opinions expressed are subject to change without notice and do not take into account the particular investment objectives, financial situation or needs of individual investors.