Ever think, “If I just followed the playbook of the ultra-wealthy, I’d be set for life”? Turns out, that’s exactly the kind of thinking that can lead you straight into the arms of a scammer. In this episode, Joe Saul-Sehy and OG break down the traps hidden inside the “invest like the 1%” mantra (and other similar phrases), complete with real-life cautionary tales, including a small-town Ponzi scheme that could’ve been ripped from a Netflix docuseries, and the spectacular belly flop of some YieldStreet real estate bets.
But it’s not all doom and gloom in the basement. You’ll also get the scoop on a controversial proposal to let private equity sneak into your 401(k), practical tips for spotting shady pitches before they drain your wallet, and the reminder that a boring-but-solid financial plan beats a flashy scam every time. Plus, the guys field a listener question on long-term care insurance and unpack the often-overlooked basics of HSAs.
Between headlines, trivia detours, and a dash of movie talk, this episode arms you with the street smarts to dodge the next “too good to be true” investment opportunity. It’s a masterclass in protecting your money—without having to hide it under your mattress.
- The psychological tricks scammers use to lure in even savvy investors
- Why “invest like the 1%” can backfire for everyday Stackers
- How to evaluate alternative investments (and when to walk away)
- The risks and realities of adding private equity to retirement accounts
- Key questions to ask before buying long-term care insurance
- Why a strong, clear financial plan is your best defense against cons
Questions to Ponder During Today’s Show:
What’s your personal “red flag” that makes you walk away from a deal?
Have you ever been tempted by an investment pitch that felt “exclusive”?
Would you want private equity options inside your 401(k)? Why or why not?
How do you decide whether an alternative investment is worth the risk?
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201
Enjoy!
Our TikTok Minute
Our Headline
- How an alleged multi-million Ponzi scheme unraveled in upstate NY (AP News)
- Yieldstreet real estate bets leave customers with massive losses (CNBC)
- The 401(k) Shake-Up: Private Equity’s Role and Risks (Kiplinger)
Doug’s Trivia
- What national park brought in the most revenue of any in the USA?
Better call Saul…Sehy & OG
- Stacker Lynn called in with a detailed question about long-term care insurance.
Have a question for the show?
Want more than just the show notes? How about our newsletter with STACKS of related, deeper links?
- Check out The 201, our email that comes with every Monday and Wednesday episode, PLUS a list of more than 19 of the top money lessons Joe’s learned over his own life about money. From credit to cash reserves, and insurance to investing, we’ll tackle all of these. Head to StackingBenjamins.com/the201 to sign up (it’s free and we will never give away your email to others).
Other Mentions
Join Us Wednesday
Tune in on Wednesday when we dive into how to reset with clarity and purpose with professor and transformational strategist Dr. Danielle McGeough
Written by: Kevin Bailey
Miss our last show? Listen here: Estate Planning, Charitable Giving, and Financial Hot Takes (SB1725)
Episode transcript
STACK 08-25 Financial Scams -steve
[00:00:00] Joe: It’s Monday Mom’s basement. You know what that means, guys? Coffee is hot. So [00:00:05] Doug: excited. So excited. [00:00:07] Joe: Whoa, so excited. What’s happening right now? So excited for my look [00:00:11] Doug: at us. We’re twinsies. [00:00:13] OG: Doug and I [00:00:13] Doug: have the same [00:00:14] Joe: mug. [00:00:14] OG: It’s just plain black. [00:00:16] Doug: Thank God it’s only a coffee mug and not our faces. Oh, what? Why you don’t think us being twins would be great? [00:00:23] Doug: I don’t think the world could handle two of you walking around. Maybe it’s two of me. I didn’t even think of that. I was think maybe it’s two of me and the world would be like, finally [00:00:33] Joe: we must be twins. ’cause I was thinking the same thing. I was like, uh, world can handle two of you, not two of me. On behalf of the men and women, uh, making podcasts of mom’s basement and the men and women at Navy Federal Credit Union, here’s to our troops, people kept us safe all weekend. [00:00:48] Joe: Thank you so much. Hoorah. Let’s go stack some Benjamins together now, shall we? Everybody. [00:00:54] Doug: From the cozy confines of Joe’s mom’s basement, where the coffee’s percolating, the ideas are flying, and the hot water heater hums a merry tune. It’s time once again for America’s favorite Money Hour, the Stacking Benjamin Show. [00:01:18] Doug: I am Joe’s Mom’s Neighbor, Doug? Yes. The fellow with the front row seat to all the. Basement shenanigans and today we’re taking aim at those pesky old ripoffs that have been buzzing about like mosquitoes on a summer night. We’ll help you suit up, strap in and roll out the big guns to send a packet in. [00:01:35] Doug: But that’s not all. No, sir. I’ve got a TikTok minute that’ll take you on a rip roar and trip through history. Plus a call from our pal stacker lin. Who’s curious about the queen bee of costly coverage? Long-term care insurance. And don’t you fret before the curtain falls? I’ll spin a bit of trivia. That’ll knock your argyle socks clean off. [00:01:58] Doug: And now two fellows who never follow the herd unless that herd stampeding towards financial independence. Your basement bread guides to the greenback galaxy. I knew they were bred in basements. It’s Joe and OI [00:02:18] Joe: think it’s so awesome when you ask, uh, chat, GPT, take this open we wrote and make it, uh, old time radio sounding. [00:02:27] Joe: That’s what you, [00:02:29] OG: I I don’t know that it was old time radio. Like how far old were you trying to go? Like shock jock. Old. [00:02:36] Joe: Do you think it was shocking? Oh, [00:02:37] OG: it wasn’t [00:02:38] Joe: like Paul Harvey. That’s what you’re going for? No, it’s older than that. Way older, like 1930s. Like going to the way old stuff. I would’ve need to have done it like this. [00:02:46] Joe: I’m [00:02:47] Doug: whoever. Faithful neighbor, Doug. See? There you go. Yes. The fellow with the front row seat to all the basement shenanigans. And if I did that and it’s a long drive to left center field, looks like he won’t get under this one. Like then I, wow. [00:03:02] Joe: Then it would’ve been old timey spoken like a guy who’s been there. [00:03:06] Joe: Welcome back to the Stacky Benjamin Show. If you think that’s the only curve ball we’re throwing you today is our brand new. Oh, I see what you’re doing. Whole type radio open. There’s some good stuff coming today ’cause we are talking ripoffs and maybe this might not be what you think it’s going to be. [00:03:21] Joe: We’re gonna dive into that in just a moment. But let’s say hello to the guy across the card table from me. Mr. OG is here today. How are you man? Yo. Good. It’s wild in Texas ’cause it is, I think the. Phrase is a hundred. [00:03:38] OG: Oh no. I mean, you can’t complain about this. This has been the most mild summer in the history of summers in Dallas. [00:03:46] OG: We’ve only had five days over a [00:03:48] Joe: hundred. We had a couple day run though, where when I went out to run with my buddies first thing in the morning, 81 degrees, we are running and like that’s 90% humidity. [00:03:57] OG: A little Cleveland steamer. But yeah, it’s, um, [00:04:02] Doug: I think maybe he used the wrong phrase there. [00:04:03] Joe: I think he might not know what that means. [00:04:05] OG: Oh, just it’s like really hot and humid in Cleveland. Is that not the [00:04:11] Joe: Yeah, now that I know what it means, that’s it. You’re right. [00:04:13] OG: That’s [00:04:14] Joe: after I was taught what it, what it meant in the worst way ever. But, uh, [00:04:18] OG: yeah. You know, when I ride my bike, like even my wife was like, she’s like, I don’t understand how you do this. [00:04:23] OG: You know, I’m not going fast, but, you know, 15, 16, 17, 20 miles an hour on a bicycle. Like, there’s a little bit of wind, so you, so you get the, the, the, something, a little bit of breeze regardless. But the other day when I was out, it was, uh, like you said, a million degrees and uh, and I stopped. I stopped at a stoplight. [00:04:41] OG: I could like feel the sweat dripping down my back as I was sitting there. I was like, oh, oh, that’s so nasty. I need to get going [00:04:49] Doug: and sexy. [00:04:50] OG: Yeah. Thanks for that. No, it wasn’t sexy. That wasn’t. Oh, he always loves [00:04:54] Joe: it when the, when the streamers on his handlebars really get flying in the wind. Yeah. Well, I mean, it sounds really [00:04:59] OG: cool when you get the, the plane cart, it’s like, yeah, plane. [00:05:03] OG: Sound like a motorcycle. [00:05:05] Joe: We’re gonna talk, uh, in a mild summer. [00:05:07] OG: Don’t complain about this heat. [00:05:09] Joe: This heat is a. Scam though. I want, uh, I want my mild summer back. We’re, we’re going to dive into scams here in just a moment, so grab a piece of paper, maybe a pen, sit back, relax. We’re going to tell some tragic tales in the next few minutes, so learn from other people’s mistakes. [00:05:26] Joe: But before we do that, we have a couple sponsors to help us. Keep on. Keep it on so you don’t have to pay a dime for any of this. Goodness. We’re gonna hear from them. And then we’re talking financial scams on today’s show. [00:05:39] headlines: Hello Darlings, and now it’s time for your favorite part of the show, our Stacking Benjamins headlines. [00:05:47] Joe: Today’s going to be a long and windy road headline, so stick with us because this is not gonna end up where we begin by a Mile Road. First headline from the ap and this one is written by Michael Hill. The headline is. He earned a small town’s trust. He owed $95 million in what a authorities say was [00:06:13] OG: pocket change, [00:06:14] Joe: a Ponzi scheme, apparently pocket change to him for decades, miles. [00:06:20] Joe: Burt Marshall was the man who went to see in a stretch of upstate New York if you’d some money to invest, but wanted to keep it local. Working from an office in the charming village of Hamilton down the road from Colgate University. Marshall prepared taxes and sold insurance. He also took money for what was sometimes called og, the 8% fund, which guaranteed that much an annual interest. [00:06:41] Joe: You [00:06:41] OG: literally called it that, that [00:06:42] Joe: people called it the 8% fund ’cause it guaranteed that much in annual interest no matter what happened with the financial markets. [00:06:49] OG: Never heard this story before. [00:06:50] Joe: This is, this is the [00:06:52] Doug: first signal stackers. I’m disappointed. I’m disappointed with the scammers that they can’t mask it better if you keep on just saying, if it’s not broke, [00:07:00] OG: Doug, don’t fix it. [00:07:03] OG: You don’t have to get creative. Just do what? There was a story complete, I’m just gonna completely sidebar this for a second. There was a story I saw on the news last night where some woman, older woman was at a Bitcoin machine at a gas station. Mm-hmm. Just feeding money in employees at the gas station were like. [00:07:23] OG: What are you doing, ma’am? And she’s like, I can’t talk to you. Like I’m in trouble. And so they called the police and they’re like, we know what’s going on here. Like, can you send, like, they’re not gonna, she’s not listen to us. Can you send the police out with her? She had fed like $17,000 in hundreds into this machine to get Bitcoin on the phone, you know, the, the whole skin. [00:07:43] OG: And the cop’s like, well, let me talk to the banker, you know? ’cause she’s like, I’m on the phone, my, my with my bank, you know? And she, and he’s like, okay, well let me talk to the bank. I’m a police officer. You can try. Finally the cop got her like extricated from that, you know? Anyways, if it ain’t broke, don’t fix it. [00:07:57] OG: Right? Like that stuff goes on. We all know people who have been scammed by that, but this is a another bite at the same apple. [00:08:03] Joe: And it’s funny guys, because, oh gee, you tell that story and people go. Okay, that’s a a, [00:08:07] OG: that would, that would never happen to me. Anybody I care about, yeah. It’s a [00:08:10] Joe: person who’s very confused. [00:08:11] Joe: But listen to how this set up. I mean, the name is the 8% fund and we might have stackers going, how could you be that dumb? You know, something called an 8% fund. But listen to the rest of this ’cause. It gets more believable by the second his clients spread the word to family and friends. Have a retirement nest egg. [00:08:29] Joe: Let Bert handle it. He’ll invest it in local rental properties and your money will grow faster than in a bank. Marshall was friendly and folksy. He gave away gift bags with maple syrup, pickles, and local honey in jars. Label with Q sayings like don’t be a sap for proper insurance coverage, call Miles b Marshall. [00:08:48] Joe: He would tell you about all the other people that invest churches, invest fire companies, invest doctors invest at one client, Christine Corrigan. So you’d think, well, they’re smart people. They wouldn’t be doing this. If it wasn’t okay to do, why are you gonna be the suspicious one? And this is where og, they get you because. [00:09:08] Joe: Oh shucks. Nice harmless, older guy works downtown. How could everybody in town be caught up in this thing, the 8% fund if it wasn’t real? [00:09:21] OG: It’s compelling. That’s why I said, if it ain’t broke, don’t fix it. It, it is so compelling, scam people outta money. Why do you have to get creative and do it? You know, it’s, uh, it’s super frustrating and I hope they threw the book at this guy. [00:09:34] Joe: When he finally got caught, he owed almost a thousand people in organizations, about $95 million in principal. In interest. That’s, that’s the [00:09:41] OG: impressive part. Like I was the possibly. Can you spend, like, I feel like people have that, you know, if I won the Powerball, I would, you know, like I could very quickly burn through, uh, I don’t know, 5 million. [00:09:53] OG: Like I could, you know, I got a couple things in my mind that I could write some checks for, but how do you spend 90. Not show it off. Like that’s the other piece of it too, right, is like he probably kept up this appearance of, it’s not like all of a sudden he showed up in a $2 million Bugatti one day to the office. [00:10:12] OG: This was brewster’s million stuff. Like this was the straight spend. [00:10:16] Joe: Well, further down the piece, it says a reliable local businessman is the header. Marshall and his wife lived in a brick Victorian blocks from his office. So he’s in this beautiful old Victorian style house. Aside from insurance and tax prep, he rented more than a hundred properties. [00:10:33] Joe: He had more than a hundred doors that he rented out. So it was easy to say, Hey, I’m gonna, you know, I’m good at real estate, so I’m just gonna put this into real estate for you. And he ran a self storage business and a print shop. His parents had run an insurance and realty business in the area. And his name was one of those locally respected names that everybody knew in town. [00:10:54] Joe: It’s, it’s that guy in the big beautiful house, Marshall Mathers, [00:10:58] Doug: that was his name. Marshall Mathers, is that right? Might be [00:11:01] OG: a little d So this guy didn’t necessarily consume $95 million. He, [00:11:06] Joe: he finally filed for bankruptcy and the money’s gone. [00:11:09] OG: Wow, okay. So he did consume it. So he must have, [00:11:12] Joe: yeah. Wow. [00:11:13] Joe: That’s impressive. Yep. The money went somewhere, [00:11:15] OG: didn’t get himself a. Not an extradition passport. Out of all that money, he couldn’t, couldn’t go on the black market and find himself like a way to get to wherever. I don’t even know where those places are smiling somewhere. Russia. [00:11:28] Joe: But it isn’t the person on the phone who is telling you to go down to the Bitcoin machine that gets away with the huge numbers. [00:11:36] Joe: Like they get it in little dabs and grabs. Right. 15,000 year, don’t get me wrong, this could be somebody’s entire nest egg, so I don’t wanna make light of, yeah. The older person, but the place where people get scammed is the dude down the road that everybody respects and knows. And you know, even the police department, the fire department, these guys, you know, you talk about the cop, og and your scenario, the copier’s like, oh, it’s Marshall. [00:12:03] Joe: Oh, I invest with Marshall. You keep feeding the machine. You know the cop’s not gonna stop you from handing money to Marshall. What about this? There’s this line that you will see these companies use Invest like the 1%. I mean, let’s transition here from this guy near Colgate University to maybe what turned out to be a bigger deal for a lot more people. [00:12:27] Joe: And worldwide we hear these companies that say, invest like the 1%. Oh gee, you wanna invest like the 1%, don’t you [00:12:34] OG: invest like the 1%? [00:12:35] Joe: Yes. Our second headline comes to us from CNBC. When invest, like the 1% fails, how yield streets real estate bets left customers with massive losses. This is, uh, written by Hugh Sa, uh, this Made Waves last week when this hit the street. [00:12:53] Joe: CNBC really did a nice job on this. How many times o. We pointed the finger at these quote real estate companies that are out there telling you that you can get something that other people can’t get. We pointed the finger at now Fundrise is still around, but back in the early days of Fundrise, I remember they had the most deceptive advertising that I think I’ve ever seen. [00:13:22] Joe: Yield Street here. Telling people to invest like the 1%. This piece for people that don’t know what has happened with Yield Street, this piece starts when Justin Cliff stumbled upon an ad for Yield Street in February, 2022. He said it was the company’s tagline that stuck in his head, invest like the 1%. The startup said the ad spoke to his desire to build wealth and diversify away from stocks, which were then in free fall. [00:13:46] Joe: CLS said, yield Street says it gives, okay, free fall. [00:13:50] OG: The beginning of 2022 was not free. Fall. Let’s not use hyperbole. CNBC. Yield [00:13:56] Joe: Street says it gives retail investors such as cls, access to the type of deals that were previously only to the domain of Wall Street firms or the ultra rich. So we invested 400,000. [00:14:07] Joe: It went directly into two real estate projects, a luxury apartment building in downtown Nashville who can miss there, and a three building renovation in the Chelsea neighborhood of New York. Yeah, [00:14:16] OG: unmissable hits each. [00:14:17] Joe: Each one had targeted annual returns of around 20%. Three years later, CL said he has little hope of ever seeing his money again. [00:14:26] Joe: Yield Street declared the Nashville Project a total loss back in May. According to investor letter, wiping out $300,000 of his funds, the Chelsea deal needs to raise fresh capital to avoid a similar fate according to another letter. Both letters were reviewed by CNBC. [00:14:42] OG: I mean, this is, my kids always ask this question, or at least my high school kid, is, why do I have to learn all this stuff? [00:14:49] OG: I’m not gonna be a insert thing here, right? I’m not gonna be a English teacher. Why do I have to learn this? I’m not gonna be a math professor. Why do I have to learn this? I’m not gonna be an accounting. Why do I have to learn this? Because one of the fundamental things about investing, at least two yield streets credit, at least they give you a target return. [00:15:08] OG: Because with the target return, you have to then at least assume what kind of volatility, what kind of ups and downs you’re gonna get with that. And, and a great baseline to think about are just two known things that you already know. You already know. What kind of volatility do I get in my savings account? [00:15:27] OG: None. Zero, right? So like you have that number locked in your brain. And so what do you get for no volatility in your savings account today? Nothing. Point three and percent. Yeah, like, like you have a benchmark for no volatility. Gets me three and a half. You also have a benchmark for the stock market, whatever index you feel like using, whatever group of stocks you feel like thinking about. [00:15:51] OG: We know if, if you said, Hey og, I think that the stock marketed average is 10%. I’m not gonna disagree with you. If you say average is nine, I’m not gonna disagree with you. You say 11, not gonna really disagree with you. It’s somewhere in there, right? Nine to 11. We all okay with that? We have also a benchmark for the ups and downs. [00:16:08] OG: Well, in 2022 in the article and the stocks and free fall section, the market was down 20%. We know in 2008 the market was down 55%. We know that in the Great recession it was down 70% or the Great Depression was down 70%. So we have these data points of what is volatility for this level of return. Okay, so if you have these two data points and then somebody goes. [00:16:32] OG: This is awesome. It’s gonna generate like 20%. You should go, okay, well I have this data point here and this data point here, and now they’re giving me this other one here. What does that tell you about the possibility of volatility? It doesn’t mean that Yield Street did anything wrong, and they said, Hey, we think it’s gonna grow by 20 asterisk. [00:16:50] OG: Really fine print. This also means it could be zero, like not zero, like, like it means your money’s gonna go to zero because why would anybody like you just have to think about this very realistically and logically? If the bank’s gonna give you three and a half to do nothing and the stock market’s gonna give you a 10 to enjoy a 30% decline one year and five, and then somebody else is gonna give you 20. [00:17:10] OG: Like what kind of risk, what kind of volatility do you have to be willing to take? And this is the piece when, when people say invest, like the 1%, there’s two components of this. One is sometimes the 1% understand this and go, okay, I’m willing to take, you know, I’m willing to throw some money at this because if I get 20%, that’s a good ROI. [00:17:30] OG: The other thing that the 1% have the protections erect that the 1% have is they have an, what’s the correct term? An ass load of money. So if they go, Hey, I’m gonna take a hundred grand, or I’m gonna take 300 grand and throw it on this project, they’re not destitute. If that project goes to crap, they’re like, eh, you know, I mean, don’t get me wrong, I’ve never met anybody that’s like, I just pissed away 300 grand, and I’m okay with that. [00:17:56] OG: Nobody’s excited by that. They don’t run into bankruptcy, you know, that’s not their last 300 grand. It doesn’t [00:18:02] Joe: ruin their life to lose $400,000. [00:18:05] OG: For some reason I’ve been seeing on YouTube, uh, there’s a guy who has a YouTube channel where he bets a whole bunch of stuff at casinos. Like, he’s like, I’m gonna bet 5,000 on this hand, and he loses or he wins. [00:18:17] OG: I read the side story on this guy, like he has. Tens of millions of dollars because of this business sale that he had. And so him betting five grand is like you and me betting five bucks. Like to us it looks like five grand. Oh my God. He’s so, oh, what a, what a big swinger, you know? But he’s just, it’s still the proportionate number to you and me putting five bucks on the blackjack table, you know what I mean? [00:18:39] OG: It just feels like a different number. And so when you’re the 1% and you have 10 million bucks and you put 300 grand in an investment, it goes to crap. That sucks, but your dividends of your stock portfolio kick off 200 grand a year. So you know, you’re kind of even money at the end of the year. You know what I mean? [00:18:57] OG: And this is the piece that I think everybody misses is they go, I want, and I know you’re gonna talk about private equity and 4 0 1 Ks, I wanna do, I wanna do this private equity 401k thing. That’s how the rich do it. Rich can afford to do it. [00:19:07] Joe: And that’s what kills me is that, so we’ve got the small town guy who’s telling his neighbors, Hey, the 8% fund, this is easy. [00:19:17] Joe: Well how is, how is this guy gonna rip me off? And then I have yield Street, which is worldwide. It is a, it, it’s, it’s, you know, democratizing thing. So anybody can invest in it. How can this be bad that I get to invest like the 1%, but they’re, they’re, they put it right out in the open, an 8% fund. Are you kidding me? [00:19:41] Joe: Like we laughed about that at the top of this segment, there is no such thing as an 8% fund. Like that’s ridiculous. Invest like the 1%. If you’re not the 1%, why do you wanna invest like the 1% who can absorb all of these issues that these venture capital investments. Get into and yet on a bigger scale, og, you already buried the lead. [00:20:06] Joe: We just approved doing this in our 401k. Because you know IOG ‘ [00:20:11] OG: cause we wanna be cool. [00:20:13] Joe: Yeah, because, because we can’t get a high enough rate of return apparently with the regular old investments that are there. So now I need to put what they’re talking about doing. They’re not talking about doing It’s, it’s coming to you, it’s coming to your 401k. [00:20:27] Joe: We’re talking about on one hand, talking about yield street. People losing tons of money. And we’re talking about putting this inside of your 401k yield street is exactly the type of investment that has just been approved to go in your 401k. [00:20:45] OG: Yeah. Black, what is it, BlackRock or whatever wants to put in there? [00:20:47] OG: Mm-hmm. I mean, look. I see the argument from BlackRock, right when you read their press release, like, this is great, this is how rich people make money. You know, like it, you know, but, but this is also how we make our fees, um, because it’s really hidden and we can’t, we can’t tell you. I’ll [00:21:04] Joe: link to a piece. By the way, OG on that note to pause for just a second from Kiplinger. [00:21:08] Joe: I’m not gonna roll into it too much, but what’s funny is at the bottom, the guy that there. That they’re talking to who’s saying, Hey, this could be a great thing. This could be fantastic. At the end, he goes, but I think your fees might go up too inside your really, but [00:21:21] OG: you won’t know that because it’s so hidden. [00:21:23] OG: I mean, here’s the thing. All of this stems from the same disease in my opinion, which is people don’t have the confidence in their own plan. The reality is when you don’t have a well thought out retirement plan, you start throwing stuff against the wall because you don’t have the confidence that you’re on track. [00:21:42] OG: And if you’re 40 years old or you’re 50 years old, or you’re 60 years old and you’re looking at this stuff going, oh, maybe I need to kick it up a notch. I need to be like Emerald and add a little bam. That’s a function of not having a good retirement plan in place where you have the confidence that you’re on track because you’re just throwing stuff against the wall going, I maybe I need to try to. [00:22:06] OG: Shoot the lights out here. I need to hit a grand slam on this pitch because I’ve, you see the number, you haven’t done the plan, and you go, I think I need to hit a hit a home run, or I need to, you know, whatever analogy you wanna use here, it’s like, that is from the same problem. The problem being, you have no confidence in your plan, and if you don’t, that’s what you have to work on. [00:22:25] OG: It’s not, let’s try to get like this esoteric investment to fix the problem. By the way, that already exists. It’s called Bitcoin. I mean, why do you have to go private equity? Bitcoin’s a best performing asset class. I use air quotes ’cause I’m not convinced it’s an asset, but you know, it’s just an asset class. [00:22:41] OG: And so why don’t you just put all your money there? Oh, that’d be crazy. Well, okay, so put all your money in a residential apartment. Luxury property in Nashville isn’t crazy. Like what? What? It’s just different. Crazy man. Like, it’s all, it’s all crazy. Pick your crazy. You know, I, I just remember one time I was talking to somebody about. [00:23:01] OG: Investing in, when we were investing in that real estate property in, in Michigan, I said, you know, I think it’s really undervalued and all justification on my side, and the guy that I was talking with goes, let me ask you a question. What do you think is gonna be better in the long run? One single building in one single small town in the middle of Michigan. [00:23:22] OG: Or the 500 most capitalized well-run companies in the entire history of the world run by on average the smartest people in the room. The collection of all those, or you and the one building in Bay City, Michigan. Now that’s not saying I didn’t hit a home run there ’cause we did honestly, but. Is it because I was some magical investor or because I got good luck with timing? [00:23:47] Joe: Well, you could see when you juxtapose those two against each other, og, you can see the nature of the bet that you took. [00:23:52] OG: Yes. That’s the thing. And it’s the long, you know, and it’s no different than anything else when people are like, well, no, I think that yes, you might be right right now. I can’t prove that this is no different than a single stock investing. [00:24:03] OG: I can’t prove to you that your single stock isn’t gonna do better than the market tomorrow. I don’t have any idea, but on average the collection of all of them is gonna do better than one random one that you pick if you look at it over time. So get your plan right, period. And then once you have your plan, now you can figure out what investments go in your plan. [00:24:24] OG: And I’m guessing you don’t get to private equity in my 401k. Probably, [00:24:29] Doug: Joe, it seems to me like there’s three things we’re trying to do here by talking about this. One is talking about ways to recognize. Scams, or at least things that are overly risky, whether it’s something’s guaranteed like the 8% or the high proposed return with the super fine print that says, oh, there’s also high risk here. [00:24:51] Doug: So what to look for, what to recognize. The second thing is, why would you wanna invest that way? If it’s not right for you, why would you wanna invest like the 1% if it’s not right for you and where you are in your journey? Then the third thing is the value of creating a plan that protects you from yourself. [00:25:09] Joe: A hundred percent. I mean, you think about an investment policy statement, the average investor in a 401k earns just over 4%, just over using. I find that [00:25:20] OG: number to be high, but I believe you. [00:25:22] Joe: But using the given investments we already have, the investments inside your 401k, by the way, are not the problem. [00:25:29] Joe: And that’s what we’re pointing at. We’re going, I can’t do it with those. Yeah, well you got those and they’re doing double what you are earning. If you’re screwing up these, why does the, why does adding the apartment building in Nashville help you? I don’t, I don’t under, I feel like it’s a continuation of the fan dueling of America. [00:25:51] Joe: Right. We just, [00:25:52] Doug: wow. [00:25:53] Joe: Wow. Tm. I like it. [00:25:55] aftershow: Yeah. That’s great. [00:25:55] Joe: We need Fandule in our 401k is what it really [00:25:59] Doug: feels like to me. Fan dueling of America. Should we just end the show? [00:26:02] OG: I mean, don’t give ’em any ideas, man. Honestly. Could you imagine? Dude? What’d you put your 401k in this week? Dude, you wouldn’t believe this. [00:26:10] OG: I went with Luca over 35 versus the Mavs. I hit it big man. I totally slayed my 401k investment this week because I had a feeling that he was gonna have a triple double. [00:26:23] Joe: Write an investment policy statement. Oh, that’s a great idea. [00:26:26] OG: Actually, we should do that. You know what? Let’s just have fun. Yeah, let’s do sports betting in our 401k. [00:26:31] OG: If we’re gonna do, you know, luxury real estate in Nashville, we might as well do. How many touchdowns is Joe Slack best score this year for the Browns? Well, and [00:26:39] Joe: also to your point, og. Now I don’t wanna sit here and seem like to some of our longtime stackers that I’m a total hypocrite here because while I have been down on things like Yield Street and Fundrise, and I don’t get it, I have said that some of these FinTech companies that I still don’t want in your 401k. [00:26:59] Joe: Really fun ways to invest. As you know, og, I like the art one. You didn’t like the art one? I like the art. You know, investing in art I think is a really fun investment choice. I like some of the collectible based investments where you could buy like rare books with a bunch of people. But you know what, I like those because explicitly they tell you right on the packaging how obtuse this is and how risky it is. [00:27:26] Joe: What I hate about these is, is when they tell you, you know, the Fundrise thing back in the day said, engineered for superior results. Uh, real estate investing’s been around forever compared [00:27:39] OG: to. My car, which is also engineered for superior results. [00:27:45] Joe: It’s just So invest like the 1%. What? What are you talking about? [00:27:50] Joe: What? What are you appealing to? Robinhood Gold. Yeah. Just drives me crazy. Lots of ways to steal money from people. And when these private equity things stackers Mark [00:27:59] OG: Joe’s words. The fan dueling of your 401k, which actually I think would be a way better way to do it than [00:28:07] Joe: it would totally be. ’cause with FanDuel, I know like the art, you’re [00:28:10] OG: like watching, you’re like watching investment Sunday afternoon, your buddy’s like, oh man, another interception for Joe Flacco. [00:28:16] OG: And you’re like, God jingle. You’re like, I didn’t know you were such a fan. You’re like. Dude, I got ’em in my 401k. It’s, I’m getting, I’m getting destroyed. I gotta wear a tutu and go play golf. If I lose my 401k, it’s like, like a, the mashup of all the betting. [00:28:31] Joe: It’s fourth and sixth in either I’m not gonna care about my retirement or I’m seriously not gonna care about my retirement. [00:28:37] Joe: One. You better, you better kick it USOB no matter what happens. Oh, we will link to all these on our show notes page at Stacking Benjamins dot com. Coming up in the second half, we have a wonderful letter from Stacker Lynn, and I’ve got a TikTok minute to end TikTok minutes. Guys. Can’t wait to share it with you, but first, Doug, you’ve got today’s, uh, trivia question. [00:29:06] Doug: Hey there, stackers. I’m Joe’s moms neighbor, Doug, and let’s place a clean cut right here in the show, because we’ve been talking about rip-offs and bad deals, but the one deal left in America, our national parks. That’s right. Today is the day back in 1916 when our national Park system was created. I’m still waiting for our national drive system to be created. [00:29:26] Doug: But I’m fairly certain we’ve been in reverse nationally because all people have done online for about a decade is fight about Washington. I know, I know. No politics. My bad. Okay, here’s our National Parks Fuel trivia question. Which National Park brings in the most revenue into the old till for Uncle Sam? [00:29:45] Doug: I’ll be right back, right after I go see about my tent. Maybe one of these neighbors can help me pop it. [00:29:59] Doug: Hey there, stackers. I’m professional tent popper, and apparently Gallu didn’t know that term had another meaning. Joe’s mom’s neighbor, Doug, the best part of this trivia question, I get to help make it less awkward, so we’re gonna move on. What National Park brought in the most revenue of any in the USA? [00:30:17] Doug: The answer. Because it’s closest to most of the population centers of the USA and also because it’s amazing. Great. Smoky Mountain National Park brought in the most revenue at $2.2 billion. The second most money wasn’t even a national park. It was Golden Gate Bridge recreation area at 1.5 billion. And then third. [00:30:37] Doug: Was the Blue Ridge Parkway at 1.4 billion, and here are two guys who are here to help you reach number four on that list. It’s Joe and og. If you made a billion dollars, you [00:30:49] Joe: would be 1%. [00:30:51] OG: Yeah. Yeah. Just think how stupid the government is investing like the 1% and a whole bunch of land. Dorks [00:30:58] Joe: amateurs. You’re gonna lock it up in what? [00:31:01] OG: No. Hear me out guys. It’s a bunch of hills with trees on it. It’s a great investment. [00:31:06] Doug: Let people, how do we make money on it? You just let people come look at it. [00:31:09] OG: Yeah, exactly. You [00:31:10] Joe: charge people to look, oh, as if people are gonna do that. Right. Nice time. For our TikTok minute, this is the part of the show where we shine a light on the TikTok creator who’s either. [00:31:23] Joe: Saying something brilliant or air quotes brilliant stacker. Linda said this to me guys, and it’s from a, uh, I don’t know the name of the comedian, so anybody knows the name of the comedian. Please write to me and let me know who this is. But this is a comedian who was featured on TikTok channel called She Be No Idea What that’s all about, but Linda thought that this was smart enough comedy that we should feature it. [00:31:46] Joe: What do you think? Oog? We’re gonna hear some brilliance. Did Linda send us brilliance? Sure. [00:31:50] OG: Feeling it. [00:31:51] Joe: I love how we did that opening Doug from the old days, like an old time radio he opened today. Oh, I’m, I’m picking up what you’re laying down there, Joe. This comedian’s talking about life in the old days. [00:32:03] Joe: Remember these days? [00:32:05] TikTok: Oh, oh God. Another thing that was crazy about Generation X, I don’t even know if you can talk about this anymore, but we did this thing, this. So weird. Okay. It was called critical thinking and it’s so crazy. So basically what you would do, this is like in the old days, you would listen to both sides of a story or a topic or an issue, and then you would make your own. [00:32:32] TikTok: This is crazy. You’d make your own opinion that would then guide you through life. [00:32:39] Joe: Isn’t that weird how that used to work? You can’t really talk about that anymore. Yeah, I don’t. So good. Linda, that was so funny. Thank you so much for sending that our way. Maybe some people who needed to do some critical thinking before, uh, jumping into the hot, hot thing on our scam episode. [00:32:59] Joe: Let’s move on though to a much more serious moment. We’re gonna say hello to stacker Lynn, who thought, you know what? I better call Saul, C-I-N-O-G. Lynn has a great question for us, and, uh, if you’ve got a question for us, by the way, stack you, Benjamins dot com slash voicemail gets you to be as cool as Lynn is who asks this question guys? [00:33:22] caller: Hey, um, I was just listening today with the person who had, um, about $400,000 and was worried about the long-term care issue and at the end you kind of threw out this, uh, little bit of a gem. And so if you can get into that with a little bit more detail. So I’m single. My retirement, I’m in my early sixties, already retired, but by the time I get to over 70 and whatnot, I will be having about 10 to $15,000 per month after taxes in today’s dollars. [00:33:54] caller: And so I’m kind of thinking I don’t need to worry about long-term care at all because again, assuming that continues to have a cola, I will be able to afford a pretty nice place. For the remainder of my days. And so that’s not something that’s really on my radar. Um, if I had to, I would be able to go into a principle and pay some lump sums, but, so if you guys can go into that more. [00:34:19] caller: Thank you [00:34:20] Joe: Lynn. Thank you so much for the question. And the gem that she’s talking about OG, that you threw out was that long-term care insurance is for people that have enough to protect, but not enough to self-insure. And the big question, and I think the things she calls the gem is. When you get to a certain point, maybe, maybe you don’t need it. [00:34:40] Joe: So, and you, you had also mentioned though, that still is based on your goals. What goals do you have? When she mentioned cola, by the way, that’s a cost of living adjustment. So when she’s talking 10 to 15,000, she apparently has a robust pension and social security going on og. But for her, what do you think? [00:34:57] Joe: Does she need long-term care insurance? [00:34:59] OG: Well, again, I think ultimately this just boils down to risk transfer one way or the other. Think about that matrix of, I have it. Or I don’t have it and I need it or I don’t need it. And so you can kind of picture where those boxes would go, right? Like I have it and I need it, meaning I have long-term care coverage and I need it. [00:35:19] OG: Okay, that’s a good trade. Generally speaking, I have it and I don’t need it. Like what does that do to the plan, right? Like if I pay this premium and I just live to be 95 and pass away in my sleep at home, like what does that do? And then what if I have it and I don’t need it, or I don’t have it and I don’t need it? [00:35:36] OG: Obviously. Don’t have it. Don’t eat it. You’re good. So really the question is, does it make sense based on your plan to transfer some of the huge risk, the backend risk to a third party in exchange for a slightly lower potential net worth at death? I don’t know the answer to this. In her case, if you’re just looking at it purely from, Hey, if I have 10,000 a month. [00:36:00] OG: I know long-term, you know, a Cadillac, long-term care coverage, whatever, like assisted care is seven, $8,000 a month in my area. I think I’m good. I’d just sell my house and go live there. That seems like a fine scenario, right? The alternative side of that is, well, if you’re there for 10 years, you’ve just burned through a million dollars of your own money, would you exchange 50,000 of that? [00:36:24] OG: In exchange for not spending a million of your own money so that you can give that million to other things or people or places that you care about. And if you don’t care one way or the other, then yeah, use your own money or do some sort of combo plan and say, I’ll be on the hook for the first three years, but if I need assisted care for years four through 10. [00:36:42] OG: You know, then, then I would prefer to have that, you know, that extended risk covered by, you know, a third party. So it’s really personal in terms of how you think about that one way or the other. If you have enough money, do I still want to watch that? I’ll go to the assisted care facility. Or would I rather say, well, I’ll just. [00:36:59] OG: Transfer some of that risk to to, you know, to the insurance company. [00:37:03] Joe: I really like og where Lynn started with the question, though it wasn’t with long-term care insurance. It was what is the risk to me? Yeah. And I think so many people, Lynn, don’t start there. And the fact that you’re like, oh, that was a gem that. [00:37:16] Joe: Maybe I have this risk, maybe I don’t. So instead of thinking about is long-term care insurance good or bad, it’s how would this, it’s how, how much [00:37:24] OG: of it do I wanna protect against versus not [00:37:26] Joe: such a kickass way to look at it. ’cause you end up then not buying insurances you don’t need and you end up loading up on insurance that you do need if you do it. [00:37:36] Joe: Starting with risk management, I mean, [00:37:37] OG: d you know, you look at long-term care insurance and it seems like this nebulous thing. So just use car insurance as an example. When you buy a brand new car. Even if you have payments on it or you don’t, you likely have full coverage, right? You have collision and comprehensive so that if a tree falls on it or you smash into something, you’re gonna be covered for the replacement of that vehicle. [00:37:56] OG: It’s brand new, but as the car ages, you get to the point where you go, I’m okay. Either A, increasing this deductible quite a bit so that if there’s a little fender bender, you know, that doesn’t bother me as much. The car’s 10 years old and you know, stuff’s gonna happen. A little paint chip here and there. [00:38:11] OG: Who cares? Or you start dropping the coverages ’cause you’re like, this thing, this thing’s not worth paying insurance on a car that is only worth $8,000. You know, if I sell it, why do I want to have a $2,000 deductible to put it back to $8,000 value? That $8,000 value if it’s crumbled is now worth 7,000. [00:38:30] OG: Like, who cares? You know? And so the same thing is true as you look about any, look at really any sort of risk management and any sort of insurance. It’s like, you know, when you’re young. And you have a bunch of kids and you don’t have a lot of assets, you probably should have lots of life insurance because if you know you got a mortgage and you got college to pay for and all that sort of stuff, when you’re 55 and all your kids are outta school, you go, well, house is paid off, got a bunch of money. [00:38:56] OG: If I get hit by a bus, my spouse be okay. Kids are all set. I don’t want bet any money. I mean, we don’t need as much. And then you do really well and you go, well, I need insurance again to pay, pay for the estate taxes. You know, so it’s, it changes as your life goes on and, and this is true for this as well. [00:39:11] OG: So starting with the outcomes, I think is the best place to go because then it gives you some clarity around, do I want to cover this on my own or do I wanna have somebody else cover it? ’cause really that’s the ultimate decision. [00:39:23] Joe: Lynn as a single person, if this is just a pension that’s going to die with you, I totally agree that then you’re not putting any assets at risk at all. [00:39:33] Joe: So then this kind of transitions into being your long-term care policy. If it’s, if it’s putting assets at risk, then I think you get into what OGs talking about, which is. What’s the cost versus the benefit? One thing that’s the same between people that are single or are married or whatever their status is, they might have groups that they want to protect when they pass away. [00:39:58] Joe: I had plenty of single clients when I was an advisor who still had all kinds of charitable wishes and things that they wanted to do with their money if they couldn’t spend it. So you still will need to answer all those questions. I think that, uh, OG that you brought up earlier. Great question, Lynn, and I love the fact that you started with what’s the risk and then what’s the payoff gonna be if I, you know, depending on the ways that I look to plug that potential leak stack you, Benjamins dot com slash voicemail gets you on the show and you could be as cool as Lynn. [00:40:28] Joe: Thanks a ton for that. All right, before we say goodbye, let’s mosey out on the back porch because Doug, uh, you’ve got a few things here today. I see he stacked up. [00:40:35] Doug: A couple of things, Joe, I wanna make sure you talk about the HSA Basics webinar that’s coming up. ’cause time is running out as that approaches us. [00:40:42] Doug: So let everybody know some details about why they should attend. [00:40:47] Joe: Yeah, let’s do it. Next Wednesday I’m going to do a webinar for anybody who you know, they’ve, you got no idea what this HSA thing is. This is not gonna be. For the super nerdy stacker out there, who knows the HSA and is looking for all kinds of ways to flex it. [00:41:06] Joe: That’s a good webinar too. We may do that one in the future, but we’ve got plenty of people in our communities that are like, I got this thing HSA, I don’t know if it’s for me or not. I don’t even know really how it works. I don’t understand it. We’re gonna do basics of the HSA. That’s at eight 30 Eastern Time next Wednesday, September 3rd, so 2025. [00:41:26] Joe: If you’re listening, I was gonna say you [00:41:27] Doug: better. Somebody could be listening to us in the future, man, could be like 2032, and they’re ticked. Wait a minute, they’re, wait a minute. [00:41:34] Joe: September 3rd isn’t a Wednesday. Whatcha are talking about Joe Wednesday, September 3rd, 2025, 8:30 PM Eastern. That’s 5:30 PM Pacific. [00:41:43] Joe: Tried to find a time that we could get everybody, as many people as possible. Anyway, after work, Stacking Benjamins dot com slash HSA is where you sign up and we’ll have the URL there and. Learn the basics of an HSA ’cause. I think this is a really cool thing if used correctly, and also could be very misunderstood by people that have it available and really aren’t sure how it works. [00:42:05] Joe: So. Come join me next Wednesday. [00:42:07] Doug: So speaking of using things correctly, this has been bugging me for a few weeks now, and I just have to correct you on this ’cause I’ve given you a chance and you just keep on saying it wrong every time. You keep saying things like 5:30 PM Pacific, it’s 5:30 PM Specific, Joe, specific, specific time. [00:42:23] Doug: I mean they, they’re very precise about the time. That’s I think [00:42:27] Joe: on the East Coast, just [00:42:28] Doug: get it right. No, on the west [00:42:29] Joe: Coast, right? Specific time and ET is extra terrestrial, right? Go look it up at the library. 8:30 PM 8:30 PM Extraterrestrial 5:30 PM Pacific specific. [00:42:41] Doug: And I also wanna talk about a, uh, review we got from, uh, dancing Lollipop. [00:42:47] Doug: Best name, my brain went right to the Candy Land, the box of Candy Land. The front of the box. Yeah. That’s how old I am. Uh, dancing Lollipop says, always learned so much from the Stacking Benjamin Show. I listened to several PHI podcasts, but this one is one of my favorites. I love the humor and the guests and topic are always relevant to building a solid future. [00:43:08] Doug: Keep up the good work, exclamation point. Thanks Dancing Lollipop. [00:43:13] Joe: I am back home by the way. So. Dancing Lollipop. I’d love to also just as a, as a thank you and please don’t leave us a review just because you want a book, but, but I will send you a book as a thank you for those kind words. So, ’cause I’ve got a bunch of books that authors send us all the time and I can’t keep ’em, so send me, that was you. [00:43:33] Joe: And, um, I’ll give you five different titles and you can choose one that you’ll read [00:43:37] Doug: and we didn’t talk about it, but because Lynn called in. We got to hear her voice. She’s gonna get, she gets some swag. She’s just a, a certificate for some swag, so don’t forget about that. We’d love to hear all of your voices, not just your keyboard typing. [00:43:52] Joe: Thanks again for those kind words. Doug, let’s, uh, roll into the end of this podcast. Thank you so much everybody for lending us your ears for the last hour. And I think there’s a big lesson here, og. Let’s stay away from the scams. Let’s invest like the 99% investing, like the 99%. Keep it simple. Doug, what are our takeaways on this fun day? [00:44:13] Doug: Well, Joe first take some advice from Lynn. If you have enough to cover yourself, you’re good. Invest in what you need, not what an industry tells you to buy. Second. Investing like the 1%. Yeah. Who wants that? Let’s invest like you have the money you have, what’s that best in class option? But the big lesson, if it walks like a ripoff and talks like a ripoff, it’s probably. [00:44:39] Doug: That exclusive investment tip mom overheard at Bridge Club. Now being pedaled everywhere down here next to the hot water heater, keep your cash where it belongs in your pocket, in your basement, free of bad ideas. That doesn’t sound like any fun. [00:44:58] Doug: This show is the property of SP podcast LLC, copyright 2025 and is created by Joe Saul-Sehy. Joe gets help from a few of our neighborhood friends. You’ll find out about our awesome team at Stacking Benjamins dot com along with the show notes and how you can find us on YouTube and all the usual social media spots. [00:45:19] Doug: Come say hello. Oh yeah. And before I go, not only should you not take advice from these nerds, don’t take advice from people you don’t know. This show is for entertainment purposes only. Before making any financial decisions, speak with a real financial advisor. I’m Joe’s Mom’s Neighbor, Duggan. We’ll see you next time back here at the Stacking Benjamin Show. [00:46:32] Joe: Did you guys watch the movie a few years ago starring Bob Odenkirk? Uh, nobody. [00:46:38] Doug: Yes. On maybe your recommendation or J or OGs? Yeah, it was awesome. Well, I didn’t og did you see it? [00:46:45] OG: No, I haven’t. I’ve seen clips of it from, um. Know, YouTube or whatever, but uh, this is [00:46:51] Doug: your movie, man. [00:46:52] OG: No, I know. It’s, [00:46:53] Joe: it a hundred percent is his movie. [00:46:54] Doug: It is. You would love it. [00:46:56] Joe: It is so funny. I wanted nothing to do with it. And my friend Mike, who both of you guys know, highly recommended to the point. He’s like, I will watch it again with you. So we sat on his sofa, he fired it up on, uh, Amazon Prime, and we watched it and it was so damn good. And then Cheryl and I, a few weeks ago, were at the theater and we see the previews for nobody too, which is out now. [00:47:19] Joe: Yeah. And, and Cheryl’s like, oh, this just looks violent. I’m like, I can’t wait to see this. She’s, I know. Are you crazy? This isn’t your kind of movie, Joe. I’m like, we gotta watch nobody. So this last week. She and I watched nobody together and she did not wanna watch it, and by the end she was like, that was [00:47:34] Doug: awesome. [00:47:36] Doug: My wife felt the exact same way, and she’s not an action movie person and just loved it. And Bob Odenkirk is not the person you would think would be in that role. And he was all in, he trained with and, and nobody won where there’s a fight on a bus. One of the early fights is on a bus with like a bunch of Russian mobster guys. [00:47:56] Doug: I love that. I think the final guy that he ended up beating was his martial arts trainer for the film. Oh really? And Odenkirk did. Did most of all his own fighting become [00:48:07] OG: a teacher? [00:48:08] Doug: Yeah. Odenkirk is very believable. And just by looking at him from like better call Saul or whatever else he’s been in, you would not think of him as a potential action movie guy. [00:48:18] Doug: He absolutely is. I was so impressed with that. But I think it’s, [00:48:21] Joe: it’s that against type thing that is, uh, really cool. Like I watched the New Naked Gun and I thought that was hilarious. I thought it was every bit as stupid as the original ones, which is why, but. In a good way, which is great way. But having Liam Neeson play the part against type is what made it so fun. [00:48:40] Joe: Just, just like, you know, Leslie Nielsen doing the original ones. It was so funny ’cause he, you know, here’s Leslie Nielsen, who’s a serious actor who’s playing most, how close is [00:48:49] OG: that name to one another, like Leslie Nielsen. Liam Neeson. Isn’t that funny? Didn’t even think of that. Wow. Couldn’t have picked a better person to like Good point. [00:48:58] OG: Do the reboot. [00:48:59] Joe: It was so good, but God, Odin Kirk, speaking of that bus scene, Doug, this bus scene, these mobsters, uh, OG are getting ready to get on this bus and Denki at the beginning of the movie. Super mild manner, man, but you’re in his head and he’s sitting there and these guys just look like they’re gonna be trouble and he just wants to fight all Den. [00:49:18] Joe: Kirk wants to do his fight and he’s like, please get on the bus. Please get on the bus. Please [00:49:23] OG: make my day punk. [00:49:25] Doug: Yeah, this is, of all the movies we’ve talked about, it’s, well, I’ll say this, it’s been a long time since we’ve talked about a movie and I’ve thought this is OGs movie. Like your boys will love it. [00:49:35] Doug: I, I mean, you, you, you should watch this soon. [00:49:38] Joe: I can’t wait. We are gonna see this weekend, this Labor Day weekend, we’re gonna go see nobody too. [00:49:43] Doug: I didn’t realize it was in theaters. I thought they were doing it on streaming ’cause I just saw a promo for it for a while. You recommended it to me. I watched it pretty quickly thereafter and then it disappeared. [00:49:53] Doug: It was off all it, the streaming services for a long time because I think they filmed that right before COVID. Oh, and he made that, like when he wrote that script, he did it with the full intent of it being a franchise, like being parts 2, 3, 4, whatever. Oh, cool. And it, and it disappeared and I was really worried like, oh man, this thing has all the ingredients. [00:50:13] Doug: It needs to have legs and have more. And I thought, oh, maybe too much time passed, or he just couldn’t get funding for part two. So just the other night I saw part two coming. I got pretty excited. I didn’t realize it was a theater thing though, so you’re telling me I gotta wait. [00:50:27] Joe: I went to Amazon Prime and you can watch it with ads unless you’ve got the upgraded thing. [00:50:34] Joe: And so I just rented it on Amazon and I paid a few bucks to rent. I, I told Cheryl, I’m like, I don’t wanna sit through all the ads. Let’s just rent it for one or two. For one. Yeah. So for two, I just prefer to go to the theater. I don’t, you know, my phone’s off, I’m focused on the movie. I will always defer to the theater if I can. [00:50:52] Doug: I don’t, I mean, I don’t, this isn’t a movie. I would say, like, visually you have to experience in a theater. I get your, you have other reasons why you like that. Yeah. But, uh, I mean, it’s not dances with wolves. I mean, you don’t need, wow. That’s the first thing that came to my mind of something that is just so visually stunning that Yeah. [00:51:10] Doug: You wanna see that on a big screen. It’s, it’s a recent movie. The F1 movie, to be more recent [00:51:17] Joe: is a big screen movie. Yeah, that is a big screen movie. You’d like that one, that one too. Would you? [00:51:21] OG: Yeah, there’s that. There’s, uh, there’s a couple on Apple tv. Uh, tv, pl, whatever the hell they call their things right now. [00:51:28] OG: Yeah. There’s a couple there that look pretty good and I have gotten back into Ted Lasso, so I Oh, cool. Just kind of working my way through it and, eh, it’s kind of hit the dull spot in the middle where like everything is the same. Yeah. Whatever. I think I’m on season two or it’s funny. [00:51:45] Joe: I think it picks up again though. [00:51:47] Joe: I imagine, in fact, it’s funny. That is such a feel good show that my sister came and brought my niece when she was, you know, like a, I don’t know, eighth grade maybe, and I forgot how dirty that show I say. [00:52:02] OG: Yeah. I was like, you didn’t watch this with an eighth grader, did you? Because it gets We did. Second, we did because second, all I remember. [00:52:08] Joe: Yeah. All I remembered was just the feel good nature and the you can do it. It was great and [00:52:13] OG: good lessons. Try hard believe. The other third of it is, uh, very horrible adult themed. Yeah, adult themed. [00:52:21] Doug: I saw a coffee mug that had like the Venn diagram with three circles and it was, [00:52:28] OG: thanks for explaining a Venn diagram. [00:52:30] Doug: Well, sometimes there’s only two circles. This one had three and it just said Roy Kent over the top of it. And then in one circle it was here. Then the other circle, it was there on the bottom. It was everywhere. It was pretty funny. It’s like the song they have for Roy Kent. I thought that was hilarious. [00:52:52] Doug: They’re filming, uh, the fourth season right now, I think partly in Kansas City. That’s sweet. I’m excited about that. I know.
Leave a Reply