Speaker 1: It's Night Side with Dan Ray on Boston's new radio.
Speaker 2: Nicole still looking for the next win of a Boston
Speaker 2: sports team Ruins down to Zip to Washington. Well, the
Speaker 2: Celtics won the other night. The Celtics are back. They
Speaker 2: they could do it all. Sure, question about it there,
Speaker 2: We'll find a way. Is the Patriots are coming back.
Speaker 2: I'm very impressed with what the Patriots have done. Okay,
Speaker 2: they're free agent signing.
Speaker 3: So yeah, I'm trying to get ahead of myself here.
Speaker 4: I want to go season by season at this point.
Speaker 2: No, I do, I do understand it, but I just
Speaker 2: I'm always looking at it from thirty thousand feet. We
Speaker 2: have to bring all of these teams championships, that's all.
Speaker 4: So duck boats are getting rusty. This is unacceptable.
Speaker 2: Yeah, it's been a couple of years now, I know,
Speaker 2: well one year, it was last year, it was last summer.
Speaker 2: I know.
Speaker 1: Still I'm selfish.
Speaker 2: What can I say. You're a realist. All right, thanks,
Speaker 2: thank you, Thanks to call the call Davis. Everyone. Good
Speaker 2: evening everyone. I'm Dan Ray and I'm along with Rob Brooks.
Speaker 2: Rob is back in the big Control room at the
Speaker 2: Big Socket there in Medford, Massachusetts. Broadcast headquarters where we
Speaker 2: broadcast to the world, and tonight we of course will
Speaker 2: broadcast in the world for four hours. We have an
Speaker 2: interesting guest, a great guest, a good friend, Boston attorney
Speaker 2: Jim Roosevelt, James Roosevelt, grandson of former President Franklin Delan
Speaker 2: and Roosevelt, who last night had a little bit of
Speaker 2: transportation is just so he's joining us tonight and take
Speaker 2: some more questions and more conversation on what's going on
Speaker 2: with SO Security and let us hope that SO Security survives.
Speaker 2: And I think that Jim Roosevelt will agree with me
Speaker 2: on that that it will. But obviously there needs to
Speaker 2: be we have to pay attention to what's going on.
Speaker 2: And then we will talk at ten o'clock about the
Speaker 2: decision today by Attorney General Pam Bondi. She's directed federal
Speaker 2: prosecutors to pursue the death penalty against Luigi Mangioni. I
Speaker 2: can't think of anyone in America right now who deserves
Speaker 2: the death penalty. Well, maybe there's some that were deserve
Speaker 2: it more, but he certainly deserves it in my opinion.
Speaker 2: If he's convicted, he still maintains the presumption of innocence,
Speaker 2: but we'll talk about the specifics beginning sometime around ten o'clock.
Speaker 2: And first of all, Happy April to everyone. It is
Speaker 2: April Fool's Day. There are no jokes here on Nightside.
Speaker 2: We take everything very seriously and we are going to
Speaker 2: start off tonight with our first of four guests. This
Speaker 2: is National Autism Awareness Month. I have a lot of
Speaker 2: familiarity with autism. Autism Acceptance Month actually did a lot
Speaker 2: of work with a school dealing with kids who have
Speaker 2: been dealing in families dealing with autism with us as
Speaker 2: Joeanne Simon's she's the president and CEO of the Northeast ARC,
Speaker 2: which of course does great work in helping individuals with
Speaker 2: disabilities and autism, but also helping the families of individuals
Speaker 2: with disabilities and autism. Joe n Simon's welcome tonight's side.
Speaker 2: How are you.
Speaker 4: I'm great, Dan, Thanks for having me, and thanks for
Speaker 4: letting everyone know that it's Autism Acceptance Months.
Speaker 2: Yeah. Well, again, that's almost redundant to me because obviously,
Speaker 2: you know, people who are dealing with autism, they have
Speaker 2: a little bit of a extra struggle than most of
Speaker 2: us have. But we all have our struggles. I think
Speaker 2: that our country and the people in our country are
Speaker 2: becoming much more aware and therefore much more accepting of
Speaker 2: the reality that a certain number of people are born
Speaker 2: with autism and they're part of our society and part
Speaker 2: of our community, however different some people might view them.
Speaker 2: So let's talk about do you agree with me that
Speaker 2: the public reaction towards families and individuals with autism has
Speaker 2: really gotten better in the last twenty or so years.
Speaker 4: Absolutely, Dan, it's the acceptance and the understanding of people
Speaker 4: that are different from one another is on the rise.
Speaker 4: And you know, the United States, I think is certainly
Speaker 4: among developing countries that have led the way. But in
Speaker 4: Massachusetts in particular, we can be very proud of our
Speaker 4: you know, legislative body, our you know, executive branch, and
Speaker 4: you know, all the families and advocacy organizations that have
Speaker 4: come together in the last twenty thirty years to really
Speaker 4: promote the abilities and the opportunities for people with autism
Speaker 4: and other intellectual.
Speaker 5: And developmental disabilities as well.
Speaker 4: And we're you know, not there yet in terms of
Speaker 4: you know, it's where we need to be, but we
Speaker 4: certainly can be proud of the work that we've done.
Speaker 2: Yeah, I did spend a lot of time for about
Speaker 2: during about for about twenty years raising funds and working,
Speaker 2: I shouldn't say working, raising funds so others can work
Speaker 2: at the New England Center for Children out in Southborough.
Speaker 2: It's a great.
Speaker 4: School, great organization.
Speaker 2: Great organization, and you fill Ustralia has been out there,
Speaker 2: founded it and is still is still with it. But
Speaker 2: the ARC chapters. I was first introduced to ARC Greater
Speaker 2: Boston ARC by a dear friend of mine, doctor Harold Turner,
Speaker 2: who sadly has has passed on to his reward. He
Speaker 2: was an amazing He was a pediatric dentist and who
Speaker 2: did a lot of dental work for kids who had autism.
Speaker 2: H His patience and his understanding he certainly showed me
Speaker 2: and our friendship evolved over it. There's just so many
Speaker 2: good people and certainly ARC is an extraordinary organization. And
Speaker 2: there are several arcs Massachusetts it's not it's like this
Speaker 2: the Massachusetts Arc of the New England ARC. But you
Speaker 2: have different arcs. And how are you, folks, Yes you
Speaker 2: have an event, you have an event coming up of
Speaker 2: a mistake.
Speaker 4: Yes, we have a big event. We're hosting our signature
Speaker 4: fundraising event. We call it an Evening of Changing Lives
Speaker 4: on Tuesday, April eighth at the Encore Boston Harbor. And
Speaker 4: what makes the Evening of Changing Lives so unique is
Speaker 4: that we have an inclusive fashion show where individuals that
Speaker 4: are supported by the Northeast Doark are partnered with local
Speaker 4: celebrities and business executives to highlight their abilities and we
Speaker 4: are able to demonstrate in a really fun, upbeat and
Speaker 4: fast paced event. The range of services of the Northeast
Speaker 4: Darks provides from early diventions, so you're going to see
Speaker 4: little kiddos, you know, births to three to you know
Speaker 4: the school age children and teenagers and adults and even
Speaker 4: older adults. And some of our local celebrities and business
Speaker 4: executives taking part this year include Robbie Goldstein, who's the
Speaker 4: Commissioner of the Massachusetts Department of Public Health, Jenny Holiday,
Speaker 4: the CEO Encore Boston Harbor, Paul Sullivan. Of course we
Speaker 4: all know Paul from Sullivan Tire.
Speaker 2: And I want to give my understanding is is that
Speaker 2: your master or mistress of ceremonies is my friend.
Speaker 4: I was just going to get to that I didn't
Speaker 4: want to be. She's returning as MC because Kim actually
Speaker 4: is a neighbor of mine here on the North Shore
Speaker 4: and a long time Northeast ARC advocate. And you know
Speaker 4: that there's a celebrity mcs, you know who come out
Speaker 4: And we're so grateful in Boston because we have so many,
Speaker 4: you know, local media personalities who are willing to give
Speaker 4: up their time and talent. But Kim is extraordinary because
Speaker 4: she knows our programs deeply and intimately, she's visited them,
Speaker 4: she knows the people we support. She comes up and
Speaker 4: talks from the heart. And this year she's actually going
Speaker 4: to be co MCing with a young man that we've
Speaker 4: supported since he was two years old who has autism,
Speaker 4: and Jackson's Gain will be the co MC again highlighting
Speaker 4: the abilities of somebody with autism. And he has a
Speaker 4: wonderful person story to tell and a future that's bright.
Speaker 4: He's a college student, a high school graduate, and well,
Speaker 4: not everyone is going to achieve the heights that we
Speaker 4: have for Jackson, but everybody can have live their best
Speaker 4: life and have a quality of life with the proper
Speaker 4: supports that we are lucky to enjoy here in Massachusetts.
Speaker 4: For the most part we still are. And I was
Speaker 4: so happy to hear that you have Jim Roosevelt coming
Speaker 4: on later to talk about social security, because social security
Speaker 4: and medicaid are the lynchpin for the people that we
Speaker 4: all care about.
Speaker 2: Sure, so there's still tickets available to the event. Tell
Speaker 2: us how can people get there?
Speaker 4: Their tickets available and they can go to our website
Speaker 4: which is www dot n e hyphen arc dot org.
Speaker 4: But you can also just google Northeast Dark Evening of
Speaker 4: Changing Lives, you know, you know, mister Google, there can
Speaker 4: find almost anything up there these.
Speaker 2: Days, no doubt. And that is April eighth. I think
Speaker 2: you said that. If I'm not so, it's a week
Speaker 2: from tonight.
Speaker 4: It is.
Speaker 1: It is, and.
Speaker 4: That's right, Ample Parking. You don't have to hassle with
Speaker 4: Dooundtown Parking always. And we will have an event to
Speaker 4: remember and we will be uh you know, highlighting and
Speaker 4: a special uh I don't want to give out the
Speaker 4: name yet. A Super Bowl champion will be there. Instead
Speaker 4: of the old boring raised the paddle, it will be
Speaker 4: throwing the footballs. So there'll be a Patriot great that
Speaker 4: will be there. And you have to I take a.
Speaker 2: Guess but I might guess it, so I'm not going
Speaker 2: to take a guess. Okay, we'll keep it a sec.
Speaker 2: Joeyne Simon's the president and CEO of the Northeast ARC.
Speaker 2: Thanks for your time tonight, Thanks for what you do
Speaker 2: in best of luck next Tuesday night. Thank you so much. Kim,
Speaker 2: will you.
Speaker 4: Please, I certainly will you take care?
Speaker 2: Talk soon? Okay when we come back. Do you know
Speaker 2: that there is now a rum factory. I'm not sure
Speaker 2: what you want to call it, but there's a new
Speaker 2: rum that has a footprint here in New England. And
Speaker 2: I must tell you I was given one a bottle
Speaker 2: of this rum. I recently did Karragan and Company Kim
Speaker 2: Kerrigan the same Kim Kerrigan does a great podcast every week.
Speaker 2: You can find that podcast where Kim and I talk
Speaker 2: about a number of things, including the Karen Reid trial
Speaker 2: and other things. But this rum is called it's called
Speaker 2: Rumson's Rum. We're going to talk with the old of
Speaker 2: Rumsen's wrung, Eric Lash. Right after this quick break on Nightside.
Speaker 1: It's Night Side with.
Speaker 2: Boston's news Radio, Well, I stumbled upon my next guest company.
Speaker 2: As I mentioned before the break, I had done an
Speaker 2: hour podcast with Kim Kerrigan, former anchor person on three
Speaker 2: major Boston TV stations. I'm sure the name and the
Speaker 2: face rings a bell with most of you. Wonderful person
Speaker 2: and she invited me to participate in your podcast a
Speaker 2: couple of weeks ago called Karragan C A R R I,
Speaker 2: G A and Company. And if you are listening to
Speaker 2: us anywhere across the United States and you want to say,
Speaker 2: what does this radio guy look like? Uh? In video?
Speaker 2: Just go to Karragan and Company and you can just
Speaker 2: google it. You'll find it on YouTube. Karragan, C A
Speaker 2: R R A, g A N and Company. And as
Speaker 2: a going away gift, I was given a bottle, a
Speaker 2: beautiful bottle of gold rum, Rumsen's Rum, and I must
Speaker 2: tell you it is excellent quality. I wanted the only
Speaker 2: the only liquor that that I really utilize. And I'm
Speaker 2: primarily a cause light guy and a red wine guy,
Speaker 2: but I do like an occasional rum and diap see.
Speaker 2: And so with us is the owner of this fine rum,
Speaker 2: Eric Glass. He's the owner of Rumson's Rum. And this
Speaker 2: is a company out of Salem, Massachusetts. You know Eric. Normally,
Speaker 2: when we think about rum, we think about the Caribbean
Speaker 2: and all of that, and this is excellent rum. Congratulations
Speaker 2: on your effort of You know, when we talk here
Speaker 2: in Massachusetts, we all know about the craft breweries. They
Speaker 2: are everywhere, but are you the only rum producer here
Speaker 2: in New England that you're aware of?
Speaker 5: Thank you for the accolade stand, Thank you for having
Speaker 5: me on. I am not the only rum producer. I'm
Speaker 5: not the only distiller, and like you, I am a
Speaker 5: Caribbean rum enthusiast. That's kind of how I got into it.
Speaker 5: That's sort of the RUMs that I like. There are
Speaker 5: lots and lots of micro distilleries now in the nation,
Speaker 5: and in New England and mass there's a few that
Speaker 5: specialize in rum. I would say different styles. I go
Speaker 5: after the big, bold English style RUMs, molasses based. The
Speaker 5: Grammar Reserve is a sipping rum, the gold you had
Speaker 5: with a cocktail rum that's got a beautiful flavor. We're
Speaker 5: New England's most rum brand at this point. We've got
Speaker 5: over seventy awards since we launched, so we're still getting there.
Speaker 2: So well. First of all, it's this is imported and
Speaker 2: blended by Pirate Dog Brand LLC out of Salem, mass,
Speaker 2: and it's a product of Trinidad. I'm just reading the
Speaker 2: label a little bit more closely.
Speaker 5: Thumb is yes. So I go down to the Caribbean.
Speaker 5: I go to distillers, actual distillers. I don't use the middleman.
Speaker 5: I fly in. I sample RUMs and got into the rumhouses.
Speaker 5: Try the barrels, have the barrels to canter them, the
Speaker 5: drums at barrel proof and fill up a container and
Speaker 5: send them up here. That I do all the blending
Speaker 5: up here. So there are all Caribbean RUMs. The ones
Speaker 5: you're reading are probably Trinidadian RUMs.
Speaker 2: Yes, yeah, So my question is the one I have
Speaker 2: is it's it's gold rum, and it smells great, it
Speaker 2: tastes great, it blends, it mixes great and all of that.
Speaker 2: How did you come up with the name us Rum?
Speaker 2: I mean, obviously kind of it's a little poetic rump
Speaker 2: soun's rum. How'd you come up with the name?
Speaker 5: By chance, happenstance? So I the business name is Pirate
Speaker 5: Dog Brand. I'm a boxer dog enthusiast, which you can
Speaker 5: probably see on the label. I had multiple boxer dogs.
Speaker 5: My first one, Goliath fawn colored mailboxer, was sort of
Speaker 5: my pirate Dog. He was on the boat with me.
Speaker 5: He you know, had some struggles with you know, blown out,
Speaker 5: acl attacked my animals, some other things, scarred up, but
Speaker 5: always on the boat with me. He was like my
Speaker 5: pirate My second dog that I got when I was
Speaker 5: worried about him passing. I wanted one to overlap him.
Speaker 5: And I got a second dog, and I was in
Speaker 5: the process of starting up the business, and I kind
Speaker 5: of wanted to name him after the business a little bit.
Speaker 5: The first dog, Goliath is the likeness you see on
Speaker 5: the bottle and on my website and things like that.
Speaker 5: My second dog, I wanted the name after the business,
Speaker 5: so trying to figure out how to do it, I
Speaker 5: was thinking Rumford, you know, things like that. In my
Speaker 5: family were English descendants. There's a lot of Emerson's, which
Speaker 5: is son of Emory, so I'm like, oh, son of Rumson,
Speaker 5: and I needed a new brand name. Pirate Dog wasn't
Speaker 5: a great brand name, but as all of being challenged
Speaker 5: by a large player out there on a trademark issue,
Speaker 5: so I maintained it as a business name. I can't
Speaker 5: use it as a brand name, rum since I think
Speaker 5: is a stronger and simpler brand name anyway. So it's
Speaker 5: named after my second dog. That's great, It's actually named
Speaker 5: after a cock daily make So.
Speaker 2: So where can people find your rum? And can they
Speaker 2: buy it directly? If they if they can't get it
Speaker 2: at their local store, are there a couple of outlets
Speaker 2: you can direct people too, because if people are rum fans,
Speaker 2: they should certainly at least give it a try.
Speaker 5: Yeah, you can't buy it directly from me. I have
Speaker 5: a full blown distilled spirits plants license. The people that
Speaker 5: can sell directly have a farmer's license. I'm not sure
Speaker 5: how they are all able to do it, but a less
Speaker 5: in the sell retail, which I can't do. Okay, we're
Speaker 5: in Massachusetts. We've been in not New Hampshire. I'll probably
Speaker 5: repitch New Hampshire again. We're raising capital of Scales and
Speaker 5: once they get to that point, well, Washington, Hampshire and
Speaker 5: we're in Rhode Island. We're in a little bit in
Speaker 5: western Canada and some other places, but largely northeast of
Speaker 5: Massachusetts is the biggest footprint right now. Total Line will
Speaker 5: have it, most Cappy stores will have it, The Booses
Speaker 5: will have it, some other stores have it or can
Speaker 5: get it. Again, anybody can pull it in through our distributor.
Speaker 5: Currently that's Ruby Wine's out of Massachusetts. So if someone
Speaker 5: was interested, they can you know, Julia's Liquors out in Westboro.
Speaker 5: They can say, hey, I'm interested in getting it. They
Speaker 5: can pull it in, so it shouldn't be difficult to
Speaker 5: get it. We're working on expansion. There are a couple
Speaker 5: places that will ship sort of within state. It's a
Speaker 5: little easier. Out of state. It's more of a challenge,
Speaker 5: but there are places to get it. They certainly should
Speaker 5: look forward. I think it's a rum that appreciate. We
Speaker 5: try to post when we're doing samplings, so on Facebook
Speaker 5: is probably the best location for that one. Events will
Speaker 5: often post with a sampling so they can come in
Speaker 5: and try it with no commitment.
Speaker 2: Okay, so it looks it looks to me like yeah,
Speaker 2: it looks to me like you do have a web site,
Speaker 2: which is simply Rumson's dot com. Are r U M
Speaker 2: S O N s dot com? Correct?
Speaker 5: Okay and correct a link to places on it?
Speaker 2: Yeah yeah, okay, So so they can't purchase from you,
Speaker 2: but they can figure out what stores might be available. Uh,
Speaker 2: and I'm sure all of that information I just went
Speaker 2: into the website and said you of legal drinking age. Yeah,
Speaker 2: I'm of legal drinking age about times. I don't know.
Speaker 2: I don't think it's quite five yet, but uh, it's
Speaker 2: it's getting there. Let's put it like that. So I
Speaker 2: do yes.
Speaker 5: Was that the federal government likes that you screen people
Speaker 5: before they go look, there is a there is an
Speaker 5: honorary marketing advertising agreement that.
Speaker 2: You okay, yeah, when you go in there, you get
Speaker 2: where to buy and all of that. And I know
Speaker 2: that I'm going to check with my local favorite liquor
Speaker 2: store and see if they have it, and I will
Speaker 2: become a customer because it's it's quite good. It's quite good.
Speaker 2: Thank you, I really mean it. And so congratulations on
Speaker 2: the effort. Thank you for bringing you know, something else
Speaker 2: here to New England that we can be proud of.
Speaker 2: And you've you've done a lot of work on this
Speaker 2: and I've really enjoyed it. And it's great to have
Speaker 2: met you over the phone and someday we'll meet in person.
Speaker 5: Yeah, I really appreciate it.
Speaker 2: Eric, our pleasure. Best of luck with this, keep it rolling.
Speaker 2: And uh, when do you head back to the Caribbean
Speaker 2: to to buy some more product.
Speaker 5: I've got to tell you it's largely dependent on the
Speaker 5: capital raies right now. It's how quickly we're going to scale.
Speaker 5: I mean, without scaling, it'll probably next year. I can
Speaker 5: to go every year or two. I mean I load
Speaker 5: up up container and ship it up. That's got a
Speaker 5: good amount. But if we if we have capital and
Speaker 5: we scale and we start putting ten fifteen, twenty forty
Speaker 5: foots on the ground, people, we're going to have to
Speaker 5: ramp up a much quicker. And the plans for that.
Speaker 5: So we've got it planned out to continue to accelerate,
Speaker 5: you know, infistrate Massachusetts, get more of New Hampshire in
Speaker 5: Rhode Island, you know, get into me and then good
Speaker 5: on the coast.
Speaker 2: So well, we've got a strategy. Best of all, keep
Speaker 2: it keep Eric, keep us posted, okay, because yeah it is.
Speaker 2: I will become a customer in some format.
Speaker 5: We got to you to try some more too. The
Speaker 5: other flavors you should try coffee. Coffee is really good.
Speaker 2: Yeah, well this gold was excellent, so gold rum Thank you.
Speaker 2: Rumson's right, Thanks again. Eric, We'll talk soon, okay, thanks
Speaker 2: so much.
Speaker 5: Thank you, Dan. It's great talking to you.
Speaker 2: Right back at you good night. Okay. So now we
Speaker 2: have the eight thirty News coming up a couple of
Speaker 2: minutes late. I was very interested in this, and we're
Speaker 2: going to talk on the other side with Bill Dendi.
Speaker 2: He's a financial strategist with Raymond James, and he's going
Speaker 2: to talk about the Bank of Mom and Dad. You
Speaker 2: haven't heard of the Bank of mom and Dad. Well,
Speaker 2: fifty percent of parents are now financially supporting adult children.
Speaker 2: I don't know what that says about the economy, but
Speaker 2: we'll find out. By the way, you listen to WBC
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Speaker 2: the iHeart new and improved iHeart app at any point.
Speaker 2: You can put it on your phone any any sort
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Speaker 2: twenty four to seven. You can get night side from
Speaker 2: eight to midnight and news from midnight all the way
Speaker 2: until eight pm here on WBZ, Boston's legacy New England's
Speaker 2: legacy radio station. Back on Nightside.
Speaker 1: You're on night Side with Dan ray on WBZ, Boston's
Speaker 1: news radio.
Speaker 2: Thank you, Nicole, appreciate the newscast. We are going to
Speaker 2: talk with Bill Dandy. Bill's been a guest before. He's
Speaker 2: a financial strategist with Raymond James. Bill Dendy, welcome back
Speaker 2: to night Said, how are you, sir man.
Speaker 6: It's good to be with you always.
Speaker 2: I have never heard of the bank of mom and
Speaker 2: dad until today. The statistic is stunning. Fifty percent of
Speaker 2: parents are now financially supporting their adult children. How do
Speaker 2: we define adult children in this study?
Speaker 6: Well, thus children over the age of eighteen, and I
Speaker 6: do so understand having a twenty two year old of
Speaker 6: my own, that they're still finished up with college and
Speaker 6: they may need some help. But the studies show those
Speaker 6: between eighteen to twenty eight need a whole lot of help,
Speaker 6: and about half of the parents surveyed are helping those children.
Speaker 6: But what gets me is the next group from twenty
Speaker 6: nine to forty five, they're still taking money from mom
Speaker 6: and dad.
Speaker 2: Wow. Wow, that's kind of extrame. And we're not talking about,
Speaker 2: you know, one hundred dollars for a birthday gift or something.
Speaker 2: You're talking about a regular like going mom and Dad
Speaker 2: are a veritable ATM, a human ATM.
Speaker 6: That's right, and it's worse than maybe you know. The
Speaker 6: bank of mom and Dad has probably been around for generations,
Speaker 6: maybe hundreds of years.
Speaker 2: And let's make it clear, it's not a federally charted
Speaker 2: bank here.
Speaker 6: That's right. That's when you know you're buying your first
Speaker 6: house and you don't quite have enough to swing the
Speaker 6: down payment, and mom and Dad show up and say, okay,
Speaker 6: we will loan you or sometimes give, but oftentimes it's
Speaker 6: we'll loan you the money to get you started. And
Speaker 6: for these big purchases it will be a one time
Speaker 6: vent or the family's growing and we need the vehicle
Speaker 6: heart cart everybody around, and sometimes credit may not be
Speaker 6: good enough, so mom and Dad will co sign or
Speaker 6: out outright lend the money. But the terminology today, as
Speaker 6: the study has shown, it is not necessarily alone. Most
Speaker 6: of these families now are just continuing to support their
Speaker 6: adult children, and it's very concerning, but according to the report,
Speaker 6: it's not for those one time life events. The biggest
Speaker 6: thing that they're providing is eighty plus percent of providing
Speaker 6: groceries on a regular basis many are providing. The next
Speaker 6: big category is rent, and the thing is is that
Speaker 6: there's no stopping point where the child doesn't need groceries
Speaker 6: or when the rent stops, and so it's not the
Speaker 6: one time events. It's that the parents are continuing to provide.
Speaker 6: And when you say, yeah, it's not a small amount,
Speaker 6: the average of getting out there is as well over
Speaker 6: one thousand dollars. There's think seventeen hundred dollars, nearly two
Speaker 6: thousand for the dollars per month for the younger group,
Speaker 6: but even for the gen zer, we're looking at over
Speaker 6: nine hundred dollars a month. And you know, the crazy
Speaker 6: thing is most of the parents surveyed in this are
Speaker 6: not even saving seven hundred a month of their only
Speaker 6: time and so they're spending over fourteen hundred for the kids,
Speaker 6: but they're only saving seven hundred for themselves.
Speaker 2: Those numbers don't work. You know, those numbers don't work.
Speaker 2: So let me ask you this. If let us say
Speaker 2: the parents are uber wealthy, however you define that, it
Speaker 2: doesn't necessarily adversely impact them if they really are and
Speaker 2: again uber wealthy, if, on the other hand, they're a
Speaker 2: middle class set of parents who maybe now are moving
Speaker 2: into their sixties. They've worked their entire life, they've raised
Speaker 2: the kids, sent the kids off to college or whatever.
Speaker 2: The kids are still kind of draining the parents. When
Speaker 2: does it end? And if it doesn't end, how are
Speaker 2: the parents able to provide for themselves as they creep
Speaker 2: further refurther into old age, higher medical bills, maybe some
Speaker 2: living expenses that they're not even dealing with now. It
Speaker 2: sounds to me like this generation of parents who are
Speaker 2: in their fifties and maybe sixties love their kids. But
Speaker 2: they say love is blind. I guess it is in
Speaker 2: this case, it's very blind.
Speaker 6: Well, that's exactly what a lot of economists and financial
Speaker 6: planners are warning about that a lot of these parents
Speaker 6: don't know what they're doing to themselves, and what they're
Speaker 6: doing is I don't know. It's like on an airplane
Speaker 6: when they say that you need to put on your
Speaker 6: own oxygen mask first before you help others. They're no
Speaker 6: on the kids oxygen. Math is going to get a
Speaker 6: nice and comfortable, but they're going to fall over without
Speaker 6: anything of their own set and especially if about the
Speaker 6: times the kids finally get on their own, then the
Speaker 6: parents start needed help. I mean so you help your kids,
Speaker 6: you get them launched. We got it just five more
Speaker 6: years look before retirement or so we're going to really
Speaker 6: suck it away. You're going to get ahead. And as
Speaker 6: you said, it could be your own health.
Speaker 5: I'm not being there for you, but.
Speaker 6: It's also could be now your own parents need your
Speaker 6: assistance because they didn't have enough set aside, and they're
Speaker 6: living longer than expected, and the long term care starts
Speaker 6: coming into play, and that's awfully expensive, and a lot
Speaker 6: of families will put the family needs right up at
Speaker 6: the top. They feel like that's why they have money.
Speaker 6: They need to take care of everyone, but they forget
Speaker 6: to take care of themselves and then they're not able
Speaker 6: and even the ultra wealthy.
Speaker 2: Yes, but let me ask you this question. Are the
Speaker 2: kids who are relying upon the parents now and you
Speaker 2: said well into their twenties and into their thirties or
Speaker 2: even beyond, are they working in jobs that are not
Speaker 2: providing them You know, normally you hope that your child
Speaker 2: gets a better job than you had and it maybe
Speaker 2: makes a few more dollars than you. The these kids
Speaker 2: coming out of school with the big college loans and
Speaker 2: they're archaeology majors, and they are, they just aren't making
Speaker 2: the money that will sustain the lifestyle to which they've
Speaker 2: been accustomed.
Speaker 6: Wow, you just open up a whole package of conversation
Speaker 6: bits in there. I mean, my true belief is the
Speaker 6: underlying issue is a lack of general financial knowledge. The
Speaker 6: parents don't know what they're doing themselves, and they didn't
Speaker 6: teach it to the children, and the children didn't know
Speaker 6: from the very beginning. By the time you're like eighteen
Speaker 6: nineteen years old, you should know that not all degrees
Speaker 6: are financially equal, but a lot of kids don't, and
Speaker 6: they are troll to get into the best college they
Speaker 6: can get into instead of the best university they can afford.
Speaker 6: And so, yes, we have student debt well over the
Speaker 6: trillion dollar mark now, and the credit cards are pushed
Speaker 6: to the maxim and the students are coming out and
Speaker 6: maybe not making the highest stollaries. And here's the other
Speaker 6: side of that, and this is the financial education piece.
Speaker 6: It's that oftentimes the students come out and maybe we've
Speaker 6: had hyperinflation, so they got hit hard with inflation, and
Speaker 6: maybe their salaries didn't keep up, and mom and dad
Speaker 6: started picking up some of the tabs, but they don't
Speaker 6: know what they can afford and can't afford. And for
Speaker 6: a lot of these they don't know the difference between
Speaker 6: the needs and the wants. And so you have the
Speaker 6: newly minted archaeologists coming out who wants to have the
Speaker 6: same things that mom and Dad had. They don't start
Speaker 6: off with the small apartment, move up to the large
Speaker 6: ones and buy their first house. They start off wanting
Speaker 6: something in the wonderful Uptown area where the rents are
Speaker 6: two and three thousand dollars a month or more. They
Speaker 6: want everything quickly, and they can't afford it, and with
Speaker 6: inflation being what it has, they've gotten themselves into a
Speaker 6: lifestyle that's not sustainable instead of now.
Speaker 2: Yeah, I call that instant gratification. You know, you gotta
Speaker 2: you kind of walk before you got to be able
Speaker 2: to walk before you run. Bill, I hate to do
Speaker 2: this to you, one of my favorite guests. How can
Speaker 2: folks find you at Raymond James? Give us a quick
Speaker 2: website where they can get to you.
Speaker 6: The website is Aliicorn aol I ce O r N
Speaker 6: Alicorn Investment Management dot com. That's a unicorn that also applies.
Speaker 6: It's like you do everything, and that's what we have
Speaker 6: to do for folks.
Speaker 2: Ali Korn Investment Management dot Com. Look, we'll do this again.
Speaker 2: We haven't even scratched the surface. Thanks Bill, I appreciate
Speaker 2: it so much. As always, great to have you one
Speaker 2: of my favorite guests. Thank you so much.
Speaker 6: God Bush, you always a pleasure.
Speaker 2: Thanks. We'll be right back here on Nightside. We're going
Speaker 2: to talk about why You're unhappy? Is it biology or
Speaker 2: politics or maybe some combination thereof. We'll talk with a
Speaker 2: universe California State University professor about that very topic.
Speaker 1: You're on Night Side with Dan Ray Boston's News Radio.
Speaker 2: Well, this is an interesting topic. There's a book entitled
Speaker 2: Why You're Unhappy Biology Versus Politics with us is the
Speaker 2: author of that book, doctor Loretta Graziano Bruning. She's a PhD,
Speaker 2: so i'll call her doctor doctor Browning. Welcome to NIGHTSID.
Speaker 2: How are you good?
Speaker 3: Thanks, nice to be here.
Speaker 2: Yeah, you have a really interesting background in this in
Speaker 2: this area. You're founder of what's called the Inner Mammal
Speaker 2: Institute and Professor Emerita of Management. I know my Latin,
Speaker 2: so that's like a female emeritus professor Emerita of Management
Speaker 2: at California State University. That's what that's what four years
Speaker 2: of Latin at Boston Latin School will do for somebody.
Speaker 2: You remember some of those words like ray ipsel equador. Anyway,
Speaker 2: so your book is going to try to teach us
Speaker 2: why we're unhappy biology versus politics, and I assume, by extension,
Speaker 2: how we if we read your book, how we can
Speaker 2: become happier. Is that not fairly clear premise of the book.
Speaker 3: Yes, of course there are already a lot of people
Speaker 3: talking about how to be happier, but I think they're
Speaker 3: missing some huge things. So our brain is not designed
Speaker 3: to release happy chemicals all the time. These chemicals like
Speaker 3: dopamine serotonin that people have heard about, they're designed to
Speaker 3: turn on for very specific reasons. You get a little
Speaker 3: drip and then they turn off. So everybody has ups
Speaker 3: and downs, and it's a complex skill to manage them,
Speaker 3: and we've been taught that they're supposed to just be
Speaker 3: on all the time otherwise something's wrong with you and
Speaker 3: then you get fixed. And so this is not very
Speaker 3: good way for people to focus on how to build
Speaker 3: the skill.
Speaker 2: Okay, so tell us how to build that skill for me.
Speaker 2: I'm I'm happiest when I'm just relaxing and watching a
Speaker 2: baseball game and maybe going to sleep, or just after
Speaker 2: I work out in the gym. And I know, I
Speaker 2: know from running and working out that that releases a
Speaker 2: lot of positive chemicals in your body. But not everybody
Speaker 2: can could run and they can run or work out
Speaker 2: in the gym. What can people do to get some
Speaker 2: of those those happy chemicals released legally? You know, we're
Speaker 2: not you know, you know anything that's illegally here? What
Speaker 2: can they do?
Speaker 3: So here's the thing. There's four different happy chemicals, dopamine, serotonin, oxytocin,
Speaker 3: and endorpit. There are four different good feelings. We want
Speaker 3: all of them and they all have a different job
Speaker 3: to do. And when you know what turns them on
Speaker 3: in animals, it's easy to see that that's what humans
Speaker 3: are always trying to do. But they motivate behaviors that
Speaker 3: we don't necessarily approve of with our conscious brain or
Speaker 3: in society, and that's why it's so complicated. So dopamine,
Speaker 3: you know, just an interest of time, very simple, and
Speaker 3: dopamine motivates a person to want more. And when you like,
Speaker 3: after you said, let's say you have a baseball game,
Speaker 3: then you want another baseball game. So that's how it works.
Speaker 3: After one baseball game, your dopamine stops, you know, And
Speaker 3: so that's.
Speaker 2: Why they used to That's why doctor, they used to doubleheaders.
Speaker 2: Only kidding, only kidding. Going to workout. I work out
Speaker 2: at the gym today. I work out at the gym yesterday.
Speaker 2: You feel great for about an hour after and then
Speaker 2: the phone rings and you're into doing your work, so
Speaker 2: all of a sudden, the dopamine shuts off because someone
Speaker 2: has called you in a crisis, or someone has called
Speaker 2: you that've canceled as a guest or something like that.
Speaker 2: Isn't that just life happening? Isn't that something we kind
Speaker 2: of avoid?
Speaker 3: Yes, exactly. And that's why it's not good with the
Speaker 3: modern perspective that you're supposed to feel good all the time,
Speaker 3: because it's definitely not meant to feel good all the time.
Speaker 3: You couldn't have a peak moment all the time. So
Speaker 3: you need when you're having a bad moment to understand
Speaker 3: how to shift back into the happy chemicals. And it's
Speaker 3: very specific, like you can't always watch a baseball game.
Speaker 3: So if you know that what triggers Dopamine is any
Speaker 3: step toward a goal. So you get it from baseball.
Speaker 3: Other people don't because you learn to identify with that
Speaker 3: baseball player seeking a goal. So everyone has their own
Speaker 3: way of sparking their dopamine. Now, the seratonin and oxytocin
Speaker 3: are hard to spark. Oxytocin is what people often call
Speaker 3: the bonding chemical. But if it were so easy to
Speaker 3: just bond all the time, we'd be doing that. So
Speaker 3: the bottom line is that when you're with a group,
Speaker 3: often they get on your nerves and you don't want
Speaker 3: to be following the crowd all the time.
Speaker 2: Doctor Okay, I don't want ahead.
Speaker 3: Yeah yeah, no, but it's true. This is what our
Speaker 3: brain is designed to say. Is this a good moment
Speaker 3: for oxytocin? Or would I rather go my own way?
Speaker 3: And we're always going back and forth on all of
Speaker 3: these and that's why it doesn't pay to believe that
Speaker 3: you're supposed to have them all the time.
Speaker 2: There must be one of them that deals with love
Speaker 2: and intimacy. Which one is that?
Speaker 3: So that is oxytocin, Like I said, the bonding chemical. Okay,
Speaker 3: if you don't get it from love, you know, the
Speaker 3: famous example of going to a pub where everybody knows
Speaker 3: your name.
Speaker 2: Sure, right, go bowling with your friends.
Speaker 3: Whatever, exactly exactly, And of course then we all know
Speaker 3: that those things have their limits, and that's why we
Speaker 3: need to understand the chemical. So we could say, well,
Speaker 3: what other way can I get it? Okay, the complicated
Speaker 3: one is Sarah tonin because animals actually are very competitive,
Speaker 3: and they even have social hierarchies in a group of
Speaker 3: monkeys or chimp. And it's obvious that this is what
Speaker 3: people are doing all the time, and that's why we
Speaker 3: get frustrated about those things.
Speaker 2: I see. So whoever decides what restaurant you're going to
Speaker 2: go to, I assume is what you're saying. The kids
Speaker 2: want to go to chuck E Cheese and you want
Speaker 2: to go to a little bit nicer restaurant or something
Speaker 2: like that. And most of the time you learn that
Speaker 2: you go to chuck E Cheese afterte Chuckie Cheese. So, look,
Speaker 2: your book. We can never cover a book in an
Speaker 2: eight or a nine minute interview. I'm sure you know that,
Speaker 2: but I think that you've given some really interesting insights
Speaker 2: that will encourage people perhaps to pick the book up.
Speaker 2: What's the easiest way I know everyone's going to say,
Speaker 2: is the book now published, because sometimes people say, oh,
Speaker 2: it's coming out next week. When has this book been published?
Speaker 2: How long is it out for?
Speaker 3: Oh yeah, it's been out for a year and all
Speaker 3: the information is on my website inn Mammalinstitute dot org
Speaker 3: Inter Mammal Institute.
Speaker 2: No, that's easy.
Speaker 3: It's also available everywhere.
Speaker 2: But so I assume they get it through Amazon, go
Speaker 2: to bookstores, maybe even libraries if if they want to
Speaker 2: pull it out of a library. There's still people who
Speaker 2: go to libraries, believe it or not these days. But
Speaker 2: Inner Mammal Institute dot org. Did you say yes? Okay,
Speaker 2: so so that's that's some sort of some sort of
Speaker 2: a five oh one setup. If there's a dot org
Speaker 2: dot org.
Speaker 3: Uh yeah, it's like that.
Speaker 2: Yeah, okay, well that's what I'm saying. Yeah, I mean
Speaker 2: I just do five O one C three five one
Speaker 2: C four whatever, you know, just want to don't want
Speaker 2: people to be confused it's Inner Mammal Institute dot org
Speaker 2: because some people say it has to be dot com.
Speaker 2: I want I want to make sure people get to
Speaker 2: that's all doctor.
Speaker 3: If you want to go right to the book, it's
Speaker 3: dot org slash y gotcha.
Speaker 2: Well that's easy. The word not the letter. Why w
Speaker 2: is why.
Speaker 3: I have lots and lots of free resources on my
Speaker 3: website at the bottom of every page, and you can
Speaker 3: put in your email and get a free five day
Speaker 3: Happy Chemical Jumpstart that has one day of messaging on
Speaker 3: each of the happy chemicals.
Speaker 2: Nice. That's good. I think it would be good if
Speaker 2: we were all a little happier, There's no doubt about that. Thanks.
Speaker 2: I really enjoyed the conversation. I had a little bit
Speaker 2: fun with you. I hope you know that I wasn't
Speaker 2: in any way, shape or form being disrespectful, but I
Speaker 2: was having fun. I was having fun and also hoping
Speaker 2: that that would help people understand better what we're talking about.
Speaker 2: Thanks so much for your time, and we'll have you back.
Speaker 3: Thank you, take care.
Speaker 4: Bye.
Speaker 2: Very welcome by doctor Loretta Bruning. When we come back,
Speaker 2: we're going to be talking about Social Security with a
Speaker 2: man who knows because his grandfather signed the so Security
Speaker 2: Act back in nineteen thirty five. Jim Roosevelt, grandson of
Speaker 2: Franklin Dellan and Roosevelt to join us, and he was
Speaker 2: supposed to be with us last night, but We got
Speaker 2: him tonight and we're looking forward to it. We'll be
Speaker 2: back on Night's side right after the nine o'clock news
Speaker 2: here on WBZ, Boston's news radio station,