Money Talk with Ed and Chuck

Should you invest in apartments?

Location, location, location.

Don't sell your apartments, even after you die.

Cap rates.

Wind farms, solar farms, and good old-fashioned corn growing farms.

The farmer says "you gotta eat".

Only fall in love with dogs.

The Economist says "no one should own a home, but keep buying our magazine".

Kids aren't buying homes or cars.

Apartments bring in a lot of cash.

Exit strategies.

Ed says, "kids will not listen".

Forget dealing drugs. Open up a hospital.

Hospital CEO's coined the phrase "laughing all the way to the bank".

The Me Too Movement.

Hospital CEO's want special treatment when they get a manicure.

Dogs receive better treatment than people.

No one knows how much a new knee costs.

Becoming a doctor doesn't equal financial freedom.

In short, don't get sick and don't go near a hospital.

The eternal optimist.

"What do you do?"

Some custodians clean floors, some make buckets of money.

It's not hard for Ed to be surrounded by bright people.

Jack Welch was a celebrity.

It might rain frogs. The old guys have long tongues and all of the green. 25 million gets you premium content.

The 4 delususions.

Challenge executives at an open meeting.

Snake in the shirt trick.

Ed and Chuck are interested in a $400,000 vacation package.

Who re-decorated their office for $1.2 million?

It's not Peter, Paul, and Mary stealing from you.

The 12b-1. Investment advisors secret money machine.

3 proven ways to steal a clients money.

Should you learn Chinese?

Returning phone calls.

Hiding fees behind bonds.

Quick. Who says this? "I can steal your money and shine your shoes"

Chuck likes low-skilled investment advisory firms.

You don't need Chucks permission.

40 year old technology.

Who told Bernie?

15 shiny new cars. One for Ed? Nope.

Sail your yacht and do nothing.

The most infamous investment manager quote, "I will make you a multi-millionaire when you retire".

The investment managers 1% skim-trick debunked.

"My best friend is an investment manager." Should anyone ever say that?

Car dealers and investment advisers mentioned in the same sentence. Hidden clue?

"I'm a stock broker". Do people still say that?

Investment advisors earned a lot of blurbs on this episode. Too many? Not enough?

The most fascinating topic ever.

Start a squirrel flying school.

Banks don't loan money.

Convinvce your family to work for free.

Custodians have it made.

How many times can you visit your grandkids?

Pickleball anyone?

American's are punished for working.

Ed is run over by another truck.

Lobster pot revisited.

The ladies want a free ride in Ed's Buick.

The greatest thing since sliced bread.

The cash balance pension plan.

Everyone understands quantum physics.

Protect your assets.

People don't do what they should.

I have a house in Nevada and Boca Raton.

I own a bunch of cats. I'm Jay Leno.

Live within your means.

Chasing high income from wages is foolish.

One paycheck a year.

Borrow money. Take the leap. Few do.

Avoid income tax on over $300,000 of earned income.

The best kept secret of the tax code.

The old-fashioned pension plan.

Politicians keeping numbers under wraps.

Too much confusion.

The best thing since sliced bread revealed on the next episode.

ESOP's

Lawyers and accountants can't make hay from this.

Everyone can have skin in the game.

United Airlines and the Chicago Tribune.

Avoiding taxes.

The 80-20 rule reveals itself again.

How can you determine the value of anything?

Lose your job and your retirement tanks. Bad day.

Putting eggs in one basket.

Directors should have a lot of skin in the game. How much?

Spending other people's money.

Ed and Chuck might be run over by a tractor.

Ed and Chuck differentiate between the various qualified arangements.

Defer as much as you possibly can.

We are not looking to scratch anyone's back.

"Ed you are an obnoxious SOB but your results aren't too bad".