0:05

Great to have you here on the Clark

0:07

Howard show. You know, our mission is

0:09

to serve you with advice and information

0:11

that empowers you so you can make

0:13

better financial decisions in your life. As

0:16

I've said before, I can

0:18

only get to a tiny fraction of

0:21

the questions sent in to us. And

0:23

that's why we have so many

0:25

ways for you to get advice

0:27

and information starting with clark.com. We

0:30

post content every week. Our

0:33

goal is to give you information

0:36

that you can act on to

0:39

improve your life in many different

0:41

ways, whether it's spending

0:43

less, saving more, just improving the quality

0:45

of your life with what

0:47

we have for you. And

0:50

then of course we have the Team Clark

0:52

Consumer Action Center where you're

0:54

able to get one-on-one free

0:56

advice from a member of our

0:58

team available to you 30 hours

1:00

each week to answer your

1:02

questions. And all you do to

1:05

find out all the details how to reach a member of

1:07

the team is go

1:09

to clark.com/CAC. So

1:13

this is such an odd mix

1:16

in the US economy. This

1:18

is so weird. I

1:20

don't even know what the right analogy is for

1:23

this. But

1:25

we have the opposite of

1:27

a bell curve in the United States. You know

1:29

a bell curve where things trail off at each

1:32

end and then in the middle you

1:34

find the typical? Right

1:36

now with how money

1:39

is in people's lives, we

1:41

have something really different than that.

1:44

And we have this curve at either

1:46

end going up instead

1:48

of trailing off. And what

1:50

are those two curves? On

1:53

the good side, there's more

1:55

money sitting on

1:57

the sidelines in savings.

2:00

money market accounts, things like that, pretty

2:03

much ever, ever. Trillions and trillions of

2:05

dollars that represent a

2:07

lot of people who have

2:09

been able to accumulate

2:12

assets, accumulate wealth that's

2:14

sitting on the sidelines. And then the

2:16

other side, we have

2:18

record levels of credit card

2:21

debt, about 1.2 trillion dollars

2:25

collectively, and unpaid

2:27

credit card debt. That's balances

2:29

that people are paying

2:31

interest on every month or

2:34

balances that people are having trouble even

2:36

paying the minimums on. So

2:39

we have this really weird

2:41

split which is not at

2:43

all normal. The

2:45

credit card debt is crazy

2:48

because as I've shared with

2:50

you in the past in different ways

2:53

on more than one occasion, we

2:56

had something happen in 2020. We

3:00

had the COVID. But as a result of

3:02

COVID, we had something happen. It

3:05

was unprecedented. The amount of credit card

3:07

debt in the United States fell

3:09

off a cliff. It dropped so

3:13

fast and so much, economists

3:15

were like, what is going on

3:17

here? So what happened was

3:20

in so many places, people on their

3:22

own or because of

3:25

government restrictions, people weren't

3:27

out and about and they spent

3:29

a whole lot less money. And

3:31

so people were able with that plus

3:33

they had the pandemic assistance funds that

3:35

came in, people were able to

3:37

way pay down their credit card debt. Then

3:40

you move forward to all the revenge

3:42

spending when things open back up and

3:45

people missed life and

3:47

there was a certain joy to redjoin

3:50

life and people

3:52

did revenge this, revenge that, revenge

3:54

the other and charge

3:57

cards back up. who

4:00

suffered from the inflationary cycle who

4:04

are lower on the income scale

4:06

and especially the big push and

4:08

the price of groceries hurt

4:10

those people very much and you

4:13

have people that were using credit as

4:15

a way to not starve to

4:17

put food on the table. So

4:19

there's many different factors have led

4:21

to this almost

4:24

1.2 trillion dollars in

4:27

credit card debt. I mean it's up

4:29

like 80% from where it was

4:31

in I think early

4:34

21 in just three years. Never

4:37

had an increase like this before after we'd

4:39

never had a decrease like we had then.

4:41

So there are

4:44

any of a number of reasons lifestyle

4:47

or just life just trying

4:49

to survive life and

4:51

we know if we're somebody listening who

4:54

has credit card debt we know

4:56

pretty much if we just

4:58

have that conversation with ourselves how we got to

5:01

where we are with it but

5:03

now we're there and so it's

5:05

made people very vulnerable to the

5:07

scamsters that say

5:09

hey contact us we're

5:12

gonna settle your debt for like nothing

5:14

just come to us we got it

5:18

and I want you to know these

5:20

debt relief scamsters are all

5:22

over the place saying

5:24

that their magicians are gonna make your debt

5:26

just disappear they're

5:29

not your hero. These people

5:32

are out to hurt you not help

5:34

you they have these signs

5:36

that freeway exits or

5:38

the posts on social media or

5:40

do a Google search and all

5:43

these scamsters show up. Know

5:45

that these people who say like

5:47

this we can make your debt

5:50

disappear they're gonna cheat you and make

5:52

your situation worse than it

5:55

already is. Do not believe

5:57

their snake oil. If

5:59

You are a. Family member or friend. Are.

6:02

Struggling with debts? Please

6:04

go to a legitimate

6:06

source. For. Guidance.

6:09

The nationally recognized clearing

6:12

house. Is. The

6:15

National Foundation for Credit Counseling. N

6:17

F C C or.

6:20

Also. You'll. See the page.

6:23

Oh you go there, you'll find

6:25

legitimacy. Okay, Other

6:28

thing is. You'll. See the

6:30

pitches for filing for bankruptcy. Bankruptcy.

6:33

Is not magic either. But.

6:35

There are people. Whose. Finances are

6:38

so far gone. It

6:40

is perhaps the last,

6:42

but best alternative. Filing.

6:45

For bankruptcy, it's not a

6:47

first or early alternative. It's

6:50

when. Other would sit him

6:52

at strategies. Have. Failed. I.

6:55

Know I will hear from

6:57

people who started getting calls

6:59

from debt collectors. And. They

7:02

panic. And they see an

7:04

ad for a bankruptcy attorney. And

7:06

they go file. When their

7:09

situation was not pass to

7:11

wait. Don't. Allow.

7:13

The. Upset of the debt collector.

7:16

To. Throw you off your day. Been in

7:18

speaking a debt collectors, you know you

7:20

have the right to tell a debt

7:22

collector to never bother you again. As

7:25

right. Send him a letter.

7:28

Saying. You can dispute the dad if it's when

7:30

you sit dispute. But. You also can

7:32

tell him you were never to contact me

7:34

again. And they can't We.

7:36

The Sample letter on cars.com. As

7:39

awesome. Because. You

7:41

have right to Doesn't mean you know, know the money.

7:44

But. It means they can't. Threaten you.

7:46

They can upset you and they can't cause.

7:50

I. know all different reasons of

7:52

circumstances, The end up in over

7:54

your head. Hope for years as

7:56

situation you can dig out from. But.

7:58

if not There are

8:01

resources available to help. Krista?

8:04

Okay. Matthew in Illinois says,

8:06

I'm 33 and voluntarily elect an HMO

8:08

instead of an HSA. It

8:10

has a great coverage and very low deductible and it's only

8:12

$40 a month. I'm an

8:14

actuary for a giant health insurer so we're

8:17

offered very affordable options. Is

8:19

it wise to sacrifice the benefits of an

8:21

HSA for this HMO? I max

8:23

out all of the retirement accounts every year and the

8:25

last few years have saved nearly 80%

8:28

of my take home pay while still being able

8:30

to really enjoy life and travel very often.

8:33

Go ahead. Are you right? 80% of

8:35

your pay after you've already saved all that

8:37

money? Wow. You

8:40

should be doing your own podcast

8:42

or your own website

8:44

to teach people. I save 80% of

8:47

my pay and I still do whatever

8:49

I want to with my life. Okay.

8:52

The money that I saved by selecting the HMO

8:54

is being saved in a taxable account. I'd love

8:56

to have access to an HSA but it seems

8:58

silly to spend more monthly on insurance premiums

9:00

and have a higher deductible just to have

9:02

access to it. Any thoughts on

9:04

this? I really hate missing out on the benefits

9:06

especially at such a young and healthy age. So

9:10

your circumstance is unusual because

9:13

your health plan is being subsidized,

9:15

the HMO is being subsidized by

9:18

your employer which is the health

9:20

provider. So in

9:22

your case, you're probably not

9:24

missing anything by staying

9:26

in the HMO. I

9:29

mean you're an actuary. You

9:31

know the risks involved. You know

9:33

the calculations. So in your

9:36

case, I'm sure you've crunched the numbers

9:39

and your decision is right but I'm

9:41

not worried about anything with you. If

9:44

you are living a frugal life and

9:46

still feeling like you get to do everything you

9:48

want to do and saving 80%

9:50

of your pay, 80% of

9:53

your pay, keep doing exactly what

9:55

you're doing. Sarah In Iowa

9:57

says Social Security will decrease its monthly pay.

9:59

it's by twenty percent starting in the or

10:02

Twenty Thirty Two. This is just passed. We

10:04

need to be proactive in this today. Please

10:06

do a detailed segment on this: how will

10:08

it affect those of us who intend on

10:11

retiring and Twenty Thirty Four So we apply

10:13

it for Social Security. Early Okay so

10:15

Sarah there is nothing pass

10:17

by any body. Was.

10:19

You're hearing about his

10:22

actuarial. Social Security If

10:24

Congress doesn't do something. Is

10:27

gonna run out of money? And

10:29

about the next ten years. When.

10:31

They run out of money. It means it'll be

10:33

completely a pay as you go Play warm. Meaning.

10:36

That social security benefits would be

10:39

caught. By. Twenty percent.

10:41

That's. The worst case scenario.

10:44

So. The reality is. Congress.

10:47

Is gonna fix it. When.

10:49

The men and women who populate.

10:52

Us. Congress. Grow. Up

10:54

and act like adults. Because.

10:57

All of us know with the problem is. And.

10:59

One of the frustrations that the American

11:01

people is our elected officials. Don't

11:04

wanna handout any bad news.

11:07

And so they avoid the problem. So.

11:10

Gosh, I wouldn't care if I ever got

11:12

reelected. I was elected. I would go in

11:14

Italia. We. Gotta fix it and how

11:16

we have to fix it. You're.

11:18

Never gonna vote for me again if

11:20

I was elected. That's what they're afraid

11:23

of because they've gotta do two things.

11:25

They've. Got a reduce. The

11:27

benefits, but not what we're talking about here.

11:30

A twenty percent cut. By.

11:32

Changing. When you receive social

11:35

security. Is going to have to

11:37

wait then. The. Retirement age up

11:39

from sixty seven are gonna have

11:41

to do that because Americans are

11:43

living longer and were an aging

11:45

population. And. They're also gonna have

11:47

to. Tax. For

11:50

social Security. Bore.

11:52

They are. I said it. I would

11:55

never get another vote again. And.

11:57

It was fun being your congressman for one

11:59

minute. That's the deal.

12:02

And. We. Just need some

12:04

people who can choose some statesmanship. Said.

12:06

maturity. And

12:08

some patriotism. And. Do what's

12:11

right for the country, And we're gonna

12:13

be fine. The. Longer we wait. The.

12:15

More difficult it is to do it. But.

12:18

We'll get it done. Don't. Worry.

12:20

Social. Security is not going to

12:22

hit ten years from now with

12:25

much smaller checks. It'll be fixed

12:27

first. Time. In Pennsylvania says my son

12:29

will be selling his company for up to five

12:31

million. Dollars such as there is no one

12:33

I trust more than you Clark for advice

12:36

Good a Vanguard advisor Be a good place

12:38

to go for she's. Been so durable

12:40

isn't of use them and have the total

12:42

world ie he af a total. Body Tier.

12:45

Is. Simple investing just as good for

12:47

investing millions us, investing thousands. Stops.

12:50

Answer is and you know if vanguard.

12:53

With. That kind of money. Your. Son

12:55

would face very low. Cause.

12:58

For them to manage the money to standard

13:00

speak as point three oh of a percent

13:02

white, less than one third of a process,

13:04

But as the assets you have on hand

13:07

with them go up. This. Fee

13:09

for them to manage your money as

13:11

a producer. Rates go down. So

13:14

their height. Their. Highest point.

13:16

Is much lower than anybody else and then it

13:18

goes down. As to whether

13:21

that's enough in a situation like

13:23

this is life changing. Tom for

13:25

your son, it's not. I. Hope

13:27

your son is getting good tax advice

13:29

and a C P A. On.

13:32

The structure of the sale. And

13:34

the tax implications of the sale. In.

13:37

Addition. I. Hope. He

13:39

also has a warrior. Who.

13:42

Is knowledgeable in business

13:44

sales because certain ways

13:46

of writing and agreement.

13:49

That. An accountant and a lawyer coordinate

13:51

on. Can. Reduce the tax

13:53

obligations he'll have on the

13:55

sale of the business. Those.

13:58

things come first Before,

14:00

you worry specifically about what

14:03

does he do with the 5 million which is

14:05

a good problem to have but you

14:07

want to get that stuff right up

14:09

front. The other stuff is

14:12

your son will be in a position

14:14

now, he's got to do tax planning

14:16

and estate planning moving

14:19

forward and that's why as he

14:22

moves forward, he'll want the

14:24

CPA who does tax and

14:26

he'll want a lawyer for the

14:28

estate stuff that will be a

14:30

lawyer who specializes in wills, estates

14:33

and trusts after the deal closes,

14:35

different from a lawyer who might

14:37

advise on how to

14:39

handle the sale of the business.

14:41

And congratulations to your son on

14:44

this enormous success that he's had.

14:48

Coming up ahead, speaking of

14:50

investing, which way is

14:52

the stock market going to go now and how

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16:27

in people about their

16:29

investments, whether they invest through a 401k at

16:31

work, Roth IRA,

16:34

traditional investment account, because

16:37

the US stock market has

16:39

run way ahead of

16:41

stock markets elsewhere in the world. And

16:44

most Americans have deafness

16:46

to hearing how valuable

16:48

it is to diversify your investing

16:51

to outside the United States too. We

16:53

tend to be very heavily focused

16:56

and concentrated as Americans

16:58

on US investing, even

17:00

though 75% of capitalism, somewhere

17:03

between 75 and 80% of capitalism is

17:06

outside the United States. That's

17:08

why I do so much

17:10

outside the US in

17:13

funds, index funds, instead of

17:15

just in the United States or ETFs

17:17

actually. But let's

17:19

live with where Americans are. Most

17:21

Americans are comfortable investing

17:24

in US funds. Total

17:28

stock market, S&P 500, that kind of stuff. So

17:31

we're at a point where the US

17:33

market is really, really valued.

17:36

Some people would say overvalued and

17:39

it's priced now for perfection. So

17:42

the question is, am I selling

17:44

anything right now because

17:46

to me, the market

17:49

looks overpriced? No,

17:51

no. And

17:53

the reason is I'm in for the

17:55

long term. I'm not

17:58

putting money in there that I'm. worried

18:00

about being able to use

18:03

next year, the year after, whatever.

18:05

I have a long investment

18:07

time horizon. And

18:09

so if you know that, that

18:11

should give you more peace of mind. Recently

18:14

I alluded to something that we have

18:16

in a story about the stock market and

18:19

is it overvalued and all that. I

18:22

mentioned dollar cost averaging. And

18:24

that's in our article too at clark.com.

18:27

Should you sell or stay put in the stock market?

18:30

It's the title of the article at clark.com. And

18:33

it's because it's a react to what

18:35

all that buzz is right now. Uh-oh, uh-oh,

18:38

the sky's going to fall. Sky's

18:40

not going to fall. But values could.

18:43

And the question is, what do you do when they

18:45

do fall? If you're in for the

18:47

long haul, you stay put. But if

18:49

it makes you really nervous with any money you

18:51

have that you could put in the market, dollar

18:54

cost averaging is kind of

18:56

like taking a sedative. It calms

18:58

you down. What you do is

19:00

with dollar cost averaging, you just steady

19:03

as you go, steady as you go.

19:05

401k form of dollar cost

19:07

averaging because money goes in as

19:10

contributions are taken from your paycheck and

19:12

then they're invested in whatever you put

19:14

them in in the 401k. So

19:17

over time, when share prices are up, you

19:19

buy less shares. When share prices are down,

19:21

you buy more. It lowers the

19:23

short term risk and eliminates

19:25

a lot of the anxiety. So

19:28

yeah, the market's going to correct. Yeah.

19:31

The market could have a bear market, which

19:34

means it goes down 20% or more. But

19:36

in most years, as you'll see

19:39

in our briefing on clark.com, the

19:41

market has down years, but has a lot

19:44

more ups than downs. So

19:46

when you jump out and

19:48

you say, I'm going to wait until it's safe to

19:50

be in again, what happens is

19:52

you miss so much of the run up

19:55

because you don't feel safe again till

19:57

the market has spent a lot of time going.

20:00

back up and you miss

20:02

the updraft because you sold

20:04

out because you were worried about the

20:06

downdraft. So my thing is

20:08

remember what the money's for, when

20:11

you're going to need it, and stay the course. Here's

20:13

something I want you to think about if you have

20:15

been worried about this. When

20:18

did the market last fall by a big amount?

20:20

Don't remember, right? When did

20:22

it fall by a big amount before that time

20:24

you don't remember. Don't remember. When

20:27

before then? It is

20:29

normal for investment

20:31

markets to be overly

20:33

exuberant for a while and

20:35

then overly pessimistic for a while. But

20:38

if you believe in the free market system

20:40

like I do, being

20:43

an owner of enterprises is how you

20:45

create long-term wealth. For most of

20:47

us that doesn't mean owning a company, it means

20:50

owning shares in a company and

20:53

you benefit from the increase

20:55

in value. Now the reason

20:57

I'm into these funds, index funds, and exchange

20:59

traded funds, that kind of stuff, instead

21:02

of owning individual stocks, is

21:04

companies have their day in the sun and

21:07

then even the greatest companies sunset.

21:09

So you never know when

21:12

today's hot company becomes

21:14

tomorrow's cold one. And

21:17

as human beings, we're really

21:19

bad at knowing

21:22

when has the tide turned

21:24

on a particular company. So

21:26

when I own hundreds of companies or thousands

21:30

in a single fund or exchange

21:32

traded fund ETF, then

21:35

I'm not worrying about a particular

21:37

company rising or another

21:40

one going down. What's in

21:42

now in the videos like the big hot

21:44

thing at the time? Anyway, all

21:46

I want to do is ride with the

21:48

free market here and

21:51

overseas. That's my thing,

21:53

that's my game. If

21:55

you're into the latest hot stock tips,

21:58

I'm not your guy. The

22:00

Salmon Utah says I moved to new employer

22:02

and they offer employee stock purchase plan. I

22:04

can contribute up to sixteen percent of my

22:06

income a year into this plan and they

22:09

will contribute thirty four percent and stack I

22:11

can withdraw my friends at any time and

22:13

I still receive the match as long as

22:15

I contributed in that quarter quell the save

22:18

percentage to keep in a single employers thought

22:20

versus the rest of my savings. The seems

22:22

like a no brainer to max out to

22:24

get the full match. However, I don't want

22:27

to be heavy on one single thought. I

22:29

could max to the match and and then

22:31

sell and diversify, but I'd just be subject.

22:33

To short term capital gains tax on whatever I

22:35

self it makes money. Is it worth it to

22:38

do. So. I don't

22:40

know how long you're planning to stay at

22:42

this company salem. It's very

22:44

intriguing thing. To not grab

22:46

ahold of all with it. See. Put

22:49

in fifteen percent of your posts, And.

22:52

You then have twenty percent of your pay. For.

22:54

His employer's going to match. With.

22:57

Another third, what you put it on C or

22:59

twenty. So. Twenty percent.

23:02

Of. Your pay and your employer

23:04

sought. It's. A bet on your

23:07

employer. You'd have to

23:09

hold for a year and a day. To

23:11

been If you keep doing this overtime

23:13

and your their overtime. You. Would

23:15

be able to sell at long term capital gains

23:18

was who be much lower. And

23:20

continually is you are in the

23:22

company for a while. You.

23:24

Are continuing to buy shares but the

23:26

same time you're selling. What? You've

23:28

had more than a year. It to

23:31

be careful because of a some a

23:33

known as. To. Wash rule, but

23:35

I don't think you're going to have a washroom problem

23:37

in this case. Anyway, as long

23:39

as you don't you know they say

23:42

pigs get rich, hogs get slaughtered, As.

23:44

Long as you manage it where you

23:47

still were diversified with other ways. That.

23:49

You save and invest so that

23:51

you're not too heavy and your

23:54

investments just in the employer stock.

23:56

I. Want you to pick up. That.

23:59

Three money from the employer. Each

24:02

year over time. And. Then

24:04

know that a year is a key number. Because.

24:06

Then you move from short

24:08

term to long term taxation.

24:11

Jennifer in Texas says my mother just

24:13

passed in. Early December? I'm really

24:15

sorry Or Jennifer. My. Three Sisters

24:17

and I have inherited her home. She's

24:19

probably the female version of you know,

24:22

check bags, last minute hotel deals and

24:24

Pasco fan. Her death was unexpected. So

24:26

I'm in my mid forties trying to

24:28

navigate her life insurance four o, one

24:30

K, etc. I'm getting inundated with calls

24:33

every day and male solicitation regarding her

24:35

home. The three of us are ready

24:37

to sell Sin. I was curious and

24:39

search Zillow and they have inaccurate info

24:41

on the house. It says it has

24:44

three bedrooms instead of for. Said.

24:46

I make requests to have the scenes and

24:48

what is your advice with having a family

24:50

member do the listing or aunt has recently

24:52

moved back from California but as awaiting. Her

24:54

real estate license in Texas. Or.

24:56

Should we sell the house as as I want

24:59

the best deal. And third, how should

25:01

I deal with a sister who has failed

25:03

to launch and is currently living there? Oh.

25:06

Boy I'm. Sister.

25:08

Things going to be a hard one. yeah let's

25:10

see where the other things one you don't want

25:13

to use the you. As. Much

25:15

as she's family and all says you

25:17

don't want some I use just now

25:19

getting the real state license. Was living

25:21

in California now moving back to taxes.

25:23

Even if they're familiar with the area,

25:25

they're not familiar enough with how the

25:28

real estate market flows. They are. I

25:30

would want you to not sell as is.

25:33

Because. All these people held in you.

25:36

Are trying to get you to do

25:38

a quick sale is wounded. And.

25:40

Make money, Scoring. On your

25:43

sadness that the loss of your mom.

25:45

Trying. To just clear the decks and

25:47

take advantage of you with a lowball

25:49

offer. What? You wanna do is more?

25:52

Be methodical about this. If. There's

25:54

any minor repairs the house needs.

25:56

Get a dog. And.

25:58

You. Want to interview? The real estate

26:01

agents in the area where you're

26:03

like mom's house is get ideas

26:05

about what they feel it's worth.

26:07

And. What things you need to do to make

26:09

it extra. Attractive. To

26:11

buyers. You do all that. You'll.

26:14

Be good to go. The zillow thing

26:17

will automatically update. Once. You

26:19

hire an agent. And. They put in

26:21

the correct listing in a while. Flow from

26:23

that you'll be fine. As for

26:25

the sister, This is tough. Your.

26:28

Sisters do. The. Equivalent of

26:30

one third the value of the house. You.

26:32

Said there's three sisters. So.

26:35

There's four total. So

26:37

your sisters do one fourth. Of.

26:40

The estate, I gather. And don't

26:42

know how much the recipe estate is. One.

26:44

Way potentially to handle it. Is

26:47

that if there's enough other assets

26:49

and your sister who is not

26:51

launch wants to stay in the

26:53

house you could arrange is the

26:56

executor with every agreement. That. Your

26:58

sister guess the house and the other three

27:00

of you. Sweat and equitable

27:02

share of the remaining assets. And

27:05

that with deal past. With. The

27:07

sister who's failed to watch. If

27:10

you have not gotten a are. Attorney

27:13

who specializes in a

27:15

states. I'd like you to do

27:17

that in the area where. Your. Mom

27:19

lived. And. Gather

27:21

up all the assets, go in there, and

27:24

figure out. How this is gonna play.

27:26

Because. Otherwise, This. Is unpleasant

27:28

because the three of you have to

27:30

kick out the one sister is living

27:32

in the house. Said. It cleaned

27:35

up and ready for sale and gather on

27:37

the market. And then where's your

27:39

sister gonna go? So.

27:42

There's. The human element here.

27:44

And. The straight money elements. And. That's

27:47

why you need the right help to

27:49

guide you. Through. This the right

27:51

way. And again, I'm really sorry

27:53

about your mom. Kevin.

27:55

and can i get says i saw an

27:57

article about razor blade tasks and being a

27:59

lawyer said Howard, listener, this sentence caught

28:01

my eye. Quote, many adult women and

28:03

men shave at least twice a week,

28:06

and the American Academy of Dermatologists recommends

28:08

replacing razor blades or cartridges after five

28:10

to seven shaves. Five to

28:13

seven shaves? Replace a blade

28:15

once a week. Thanks to Clark, I dry my

28:17

blade after each use and easily get one to

28:19

two months out of a blade. Kevin,

28:22

Kevin, five to seven

28:24

shaves. What are the

28:26

dermatologists doing? Are they on the take from

28:28

Gillette? Maybe they think it's going to have bacteria.

28:30

I don't know. I

28:33

mean, I can't imagine. And

28:35

those of you who are long-term listeners, you know

28:38

I made one blade last 14 months, so like

28:40

four more than I should have. Just

28:42

dry your blades thoroughly after each use. You'll

28:45

be fine. Wait for

28:47

the towel, right? Well, you're not

28:49

supposed to use a towel. You're supposed to. That could have

28:51

bacteria, right? Yeah. But you

28:54

get that blade dry. It goes on

28:56

and on and on. Blades don't deteriorate

28:58

from shaving. They deteriorate from

29:00

moisture. And who

29:02

knows what the dermatologists are

29:04

talking about. Maybe they have very

29:07

good medical or scientific reasons. Go

29:09

to clark.com. Clark stinks. But

29:12

man, those blades will last a long

29:14

time. And I should

29:16

disclose again that now I use

29:19

an electric razor most of the

29:21

time. You happy with it? Yep. OK.

29:25

So. TV wants you to do that,

29:27

right? No, TV wants me to

29:30

use a. Oh, they do. Oh. Yeah. So

29:32

the day that I do TV is

29:35

the day I still shave with a regular

29:38

razor. All the rest of time

29:40

I use electric. Because 4K on

29:42

TV, every last thing

29:44

shows up. 4K is

29:46

not friendly to the human face, let me

29:48

tell you. It's not

29:50

at all. But razor blade

29:52

theft is really in, let's think,

29:54

what else? Baby formula?

29:57

What other things are retailers.

30:00

just going crazy. Well everything's

30:02

being locked up yeah and all those

30:04

those departments like any kind

30:06

of thing you buy in a pharmacy department

30:08

or whatever yeah there's

30:10

a lot of stuff just feels like everything's getting so

30:13

crazy. You know

30:15

things go in waves this

30:17

is not forever I know a lot

30:19

of people are really down on where

30:21

we are as a society and down

30:23

on our future and all that we're

30:25

gonna be fine we're gonna self-correct

30:27

we're gonna get this together and

30:30

I know that to be the case Pollyanna

30:33

Clark says we're gonna

30:35

be fine and we're not

30:37

gonna have to lock things up forever promise

30:41

yeah because all the spying on

30:43

us will prevent that from happening.

30:45

Yeah but Amazon gave up on

30:47

their walkout stores you know that?

30:49

I do. Yeah so who

30:51

knows but we're gonna be fine.

30:54

Promise. And with that

30:56

having been said tomorrow we get to

30:58

hear why I'm not fine why

31:00

I'm not good why I

31:03

did not serve you well

31:05

because tomorrow is time for

31:07

Clark Stakes. Have a

31:09

great day and remember what we're about

31:11

you learn ways to save more spend

31:13

less and avoid getting ripped off. you