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Speaker 1: Welcome to another episode of the Chicks on the Right

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podcast where we talk to our friend and sponsor of

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the show, Zach Abraham from Bulwark Capital Management, And today

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we're going to talk a little bit about babysitting. And

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the reason is is because producer Karinn saw a thread

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on x or Twitter or whatever you want to call

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it where people were talking about how much babysitters cost,

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and how much that cost is creeping up and up

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and up and up and up, and how it's basically

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impossible to go out if you have young kids. And

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so it got us like reminiscing about our own babysitter

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days and like what we made back in the day

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and how young we were. But like, one of the

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things that I guess was talked about in this thread

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is that now there's younger kids, Like when we started

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babysitting around twelve years old, that is not a thing anymore,

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and more often parents are looking for babysitters for their

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twelve year olds because it's just a whole different world.

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You're a dude, so you probably didn't babysit, but like,

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did you have sisters or anything?

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Speaker 2: Did you know, Yeah, my my older sister baby sat

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quite frequently, and actually I did too. There were some yeah,

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they we had some families around that had that. My

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mom was friends with their moms and they had younger boys,

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and so they the boys loved the idea of you know,

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another a guy coming over and watching them.

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Speaker 3: Playing with them and doing all that kind of stuff.

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Speaker 2: And then the reason I liked to do it was

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because I was always My jobs were always like manual labor,

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right like and and that was great, and I did

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that during the summer, but like I was sitting there,

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you know, I'd be going, Okay, so I'm going to

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get paid seventy five bucks to come sit with your

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sons for five hours with video games like yeah soul, right,

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that's easier than yeah yeah, oh yeah, like rather than

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clear I remember, you know, like one job was like

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clearing brush for this guy that had an ostrich farm,

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you know, uh, you know, just his stuff like that,

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like I worked on I mean, this was later, but

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you know, did construction, worked on a fishing boat, like,

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you know, so I as a guy, I was like, wait.

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Speaker 3: A second, man, this whole baby sit, this is the deal.

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Speaker 2: Yeah, yeah, you're gonna and then the moms, you know,

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they'd buy us, you know, they'd buy their kids like

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junk food and stuff like that because it's fine.

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Speaker 3: Babysit over.

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Speaker 2: So I'm sitting there going, Okay, so I get pizza,

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I'm watching movies. I'm wrestling with these kids, you know,

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and we press the boundaries a little bit. Usually we'd

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end up in the backyard, you know, manufacturing some kind

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of like weapon of some kind.

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Speaker 3: You know, you know, i'd be.

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Speaker 2: Teaching them to kind of throw spears and stuff like

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that and better for it. Yeah, And we had a

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good time, and so, you know, and I don't see

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I don't see any of that anymore. As a matter

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of fact, we started allowing my daughter to babysit our

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two younger boys when she was like twelve.

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Speaker 3: And the looks we got from people like, you're gonna

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do what it.

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Speaker 4: Was your own kid, right, And I'm sitting there going

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when we were like when my sister and I were

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like eleven and thirteen, twelve and fourteen, yeah, like not

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only could he stay home, but we could stay home

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and run the house.

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Speaker 5: Oh yeah, the kids at home and we were on

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our own.

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Speaker 6: Yeah, And I watched baby, like one two week old

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babies I feel feeling so tiny, and I was like

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twelve years old.

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Speaker 5: I had no idea what I was doing.

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Speaker 2: Oh yeah, well I remember my baby sister was born

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when I was seven, and so I mean, I mean,

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it's my kid.

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Speaker 3: You know.

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Speaker 2: As seven years old, I knew how to change the diapers,

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I knew how to feeder. I could do all that stuff.

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And we there's this thing that I've watched happen. And

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my wife and I, you know, all just full disclosure,

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were more like this probably than my parents or her

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parents were with us, meaning like we're more old school,

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Like we're more new school than my parents were with us,

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just because of like I don't know, I'm gonna blame

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it on somebody else here, like cultural and societal drift,

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you know what I mean. But we hold much closer

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to those kinds of things than most people do, and

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people look at us like we're out of our minds.

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Yeah wow, And I just I think it's really odd.

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I don't think that we ask enough of young people.

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I think that they are capable of more. I think

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that they bloss someone given more under the right circumstances,

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you know. I think increased responsibility is one of the

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easiest ways to get your kids to be more responsible.

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Speaker 5: I totally.

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Speaker 2: And the other thing I would say is, I think

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we need to look at it a little bit differently.

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If you do not feel comfortable. Now, each kid's their

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own deal, right, Like, so I'm saying, all things being

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held equal, if you don't feel comfortable letting your twelve

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or thirteen year old watch their younger brothers and sisters,

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I think that that should prompt different questions, right like

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why don't I and what do we need to do

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in order to do that? Because a twelve or thirteen

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year old is plenty old enough to sit with kids

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out a house for four or five hours on a

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Friday night and make sure they don't burn it down.

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Speaker 3: Right totally, you know.

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Speaker 2: And if they're not, then, like I said, that should

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prompt some other conversations and some other things. And I

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think the goal should be to get them to that

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point as quick as possible.

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Speaker 5: Now, But what But what about the cost?

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Speaker 3: Though?

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Speaker 6: Because like we were talking before we went on this

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podcast about how I made like four bucks an hour

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babysitting about New Year's Eve, I'd walk away with thirty bucks.

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Speaker 5: I'd be like, yeah, thirty dollars for seven hours.

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Speaker 6: Of work so other but nowadays, like I asked my

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sixteen year old daughter, I said, huny, because she does it.

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She's not babysat and plus a lot of I think

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a lot of kids are so bogged down with activities nowadays.

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Speaker 3: Is so bad. It's part of me too. Yeah, and she's.

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Speaker 5: One of those kids.

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Speaker 6: And so I asked her, I'm like, if you babysat,

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how much would you charge? She's like, I mean if

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it's like one kid, like twenty dollars an hour.

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Speaker 5: And I was like, oh my gosh, but that's it.

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Speaker 1: But I looked that up before we started, because I

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looked it up and it's like the average is twenty

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to thirty dollars.

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Speaker 5: An hour, and that is mind blowing.

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Speaker 1: Hey, you go to a movie, Zach, and you're paying

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one hundred bucks for a babysitter.

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Speaker 3: O crazy? Oh I know. Hey, look we we This

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isn't every game, but like we just did. Uh, we

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just did well.

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Speaker 2: We didn't go, but we were talking to a family anyway.

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There's a triple A like minor league baseball team right

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by where we live, right and and it used to

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you know, you'd go there as a kid, you'd pay

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like six bucks to get in or you know whatever,

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hope he gets fly ball.

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Speaker 3: Its minor leagues. They went the other night, took their family.

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It was like fifty two dollars a seat. This is

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this is minor league, Yeah, minor league baseball. I'm sitting

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there home.

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Speaker 2: What is what does that does that come with? Like

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a World Series ring and like a Hall of Fame

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and die? Like what what fifty two bucks for minor league?

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But okay, but here's the here's the problem, at least

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here in Washington. And I know that we've got one

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of the most aggressive minimum wages. But like my my

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daughter has friends you know that worked at like dairy

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queen fast food restaurants making twenty one twenty two an hour.

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Speaker 3: Reach, which is which is nuts?

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Speaker 4: I know.

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Speaker 2: And the funny thing is is like there's such it

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and I don't want to get this off track. There's

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such a strange dichotomy going on in culture where there's

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this great line that everybody is repeating over and over.

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Speaker 3: It's just, oh, it's too difficult. Young people don't have

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a chance. Da da da da.

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Speaker 2: Meanwhile, I look around at these young industrious kids right

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now that are now. Granted, it's different getting a job

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making twenty two an hour than is getting a career

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post college. Okay, but still this lie that there are

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odd opportunities out there is nonsense. If you're a kid

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and you're industrious and you're willing to work hard, you

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can graduate high school with thirty to forty thousand dollars safe.

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Speaker 3: Just do the math. It's not hard, right, I'm.

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Speaker 1: Talking like, I mean, it's true that would take some

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willpower and some determination, but I guess.

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Speaker 5: And no, Lulu Lemon, if you're a girl, that's right.

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Speaker 2: But even like we're talking guys, we're talking fifteen to

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twenty hours a week.

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Speaker 5: I totally hear you. I hear you, and so and.

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Speaker 2: Think about think about what you like. I sit there

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and I do the math on compounded returns and all

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that kind of stuff. If you're twenty eighteen, nineteen years

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old and you got thirty to forty grand sacked.

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Speaker 3: Away, like you are so far ahead at that point

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and it's so doable.

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Speaker 2: Like we live in this culture now where and I'm

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not saying it doesn't have its difficulties.

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Speaker 3: It does.

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Speaker 2: Every period of time has, But we live in a

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culture where all of a sudden, we have embraced the

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idea of giving people excuses for why they can't do

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something more so than we've embraced trying to inspire them

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and convince them that they can.

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Speaker 3: Yeah, And it's just it's this failure culture and it's

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just b s yes, and everybody's like, well, it's.

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Speaker 2: So much harder today, and I go in certain ways,

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it is. In certain ways it isn't. I look at

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my intern that we hired this summer. You know how

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he got a job with us. He got on the

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internet and looked up a bunch of different locations around

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him and sent in applications and then followed them up

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with phone calls and didn't quit bugging us until we

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answered the phone, until we gave him an appointment.

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Speaker 3: Then he came in. He was impressive. Boom. I paid

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him twenty four dollars an hour over the course of

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the summer.

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Speaker 2: Right he he he made it happen, went out there,

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pushed knocked on doors, and it was impressive.

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Speaker 3: And it's it's out there, you just got to go

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find it.

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Speaker 2: Yeah, And so I and I think the babysitting thing

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we talk about an angle right, put three or four

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friends together. That way, anytime somebody calls, you can become

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a place where everybody knows, hey, we might not get

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Alice tonight, but our friend Stephanie's always there, and Stephanie's not.

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Speaker 3: There, Brittany. And you know, put a group together, walk

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it down, man. You could do it two or three

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nights a week, making bank.

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Speaker 5: Totally. Yeah.

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Speaker 2: Now as far as the parent's paying for it, find

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a younger kid, like play the game. If a sixteen

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year old is gonna want twenty, I guarantee you you

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got a twelve or thirteen year old that's responsible around

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somewhere that to do it for twelve or fifteen. The

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other thing I tell you is maybe adjust what you

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think of in terms of dating, like in terms of

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parents going out. I would look at you and say, look,

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paying a paying a babysitter two nights a month is

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a lot cheaper and a divorce. It's true, right, Like prioritize,

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you know, prioritize your money a little bit better. But

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and I think you know that's samarial advice. But I

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just I don't think people do that enough at all,

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like date each other yet alone, I talk to people

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all the time where I'm like, dude, what you got

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to do? You need to plan a vacation without telling

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your wife. You need to find somebody to take care

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of the kids. You need, you need to remove all

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of the obstacles. And then look at her and go,

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the vacation is planned to pay for. It's just you

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and me.

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Speaker 3: She's like, she'd never go for it, and I go,

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it's because when you do this.

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Speaker 5: You wouldn't her.

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Speaker 3: But my point is, I don't. I don't think she exists.

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Speaker 2: What he's saying is she won't go for it because

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when I bring it up in the past, it meant

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that it was all on her on top of all

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of the things that she had to do right. And

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so I'm like, hey, clear the schedule. He's like, we

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you know this friend I'm talking. He goes, our oldest

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kid's ten years old. We've never spent a night away

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from any of our children. Yeah, And I looked at

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him and I go, that's yeah, yeah, that's nuts. That's nuts,

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nuts easy, And you're not. And listen, you call me

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judgmental all you want. When me and my wife were broke,

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we figured out how to do this kind of stuff.

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You know, borrow a friend's cabin and the cabin was rough,

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but guess what we got it for free.

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Speaker 3: We spent three nights away. It was wonderful and just like.

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Speaker 2: If if, if you, if you had to make it happen,

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you could figure it out. And I also think like

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the greatest gift that we can give our children, and

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the data shows this over and over. The best thing

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you can give your kids is a good marriage.

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Speaker 5: Yeah right, so.

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Speaker 2: Work on that first. So whatever the babysitter work around,

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look for younger people. The other thing, train your kids, right,

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give your tell your twelve year old they got a

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shop to make twelve to fifth tea box?

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Speaker 3: Four?

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Speaker 5: Why people have four and five kids? Right, so they

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have built in babysitters. Hello, Yes, the point you got

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one work one for babysitting. This is the whole point.

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Speaker 2: Yeah, you have like you have one or two kids

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for the general purpose of having kids, and then you

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pick how many extra you want for backups.

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Speaker 5: This is exactly right. Yeah.

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Speaker 2: Yeah, so like my you know, my third born and

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I told him, I go, you're the backup kid, bud, Like,

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you know, if we lose one, if we.

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Speaker 5: Sit alone in the roller coaster when we all go

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to six flags.

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Speaker 1: This is what.

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Speaker 2: Happens, all right, right, yeah, yeah, I just yeah, I

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would say, hey, hey, make reprioritize things. The other thing is, oh,

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it's too expensive, we can't. Whenever I sit there, you know,

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and I deal with clients with this all the time.

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Whenever I hear somebody say it's too expensive, we can't,

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I look at them and I go listen, what you

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mean again?

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Speaker 3: In general, we're.

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Speaker 2: Not talking about buying four hundred thousand dollars cars or

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anything like that. But in general, what that means the

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minute you say that is that we have not prioritized that, right, right,

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because I guarantee you I can dig through your monthly

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bank statements and I can find much more nonsensical type

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of spending that has far less dividends going on.

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Speaker 3: So it's about how you allocate your capital.

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Speaker 2: And when you say we don't have enough, what that

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usually means is we didn't prioritize it.

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Speaker 5: Yeah, one hundred percent. And who knew that you could

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get marital.

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Speaker 1: Advice and addition to financial advice from Zach Abraham at

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Bulwark Capital Management.

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Speaker 5: How can people get in on this action?

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Speaker 2: Well, first of all we have designations and backgrounds that

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prove our competency in finance. We do not have those,

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so full disclosure, we do not have those, and I

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and my wife may agree or disagree depending on the topic,

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so we'll take it a grant of salt. But now

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as always easy to find. You can find us at

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Bullworkcapitalmanagement dot com. Find our daily podcast that summarizes everything

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that's gone on in the world of finance, economics and

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politics at Know Your Risk podcast on YouTube. So super

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easy to find Know Your Risk podcast, Butworkcapitalmanagement dot Com

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not hard fund.

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Speaker 3: Thanks Zach, Thank you ladies, thanks for having me. Investment

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advisory services offered through Trek financialc and SEC Registered Investment advisor.

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Speaker 2: The opinions expressed in this programmer for general informational purposes

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only and are not intended to provide specific advice or

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recommendations for any individual or on any specific security. Any

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references to performance of security so it thought to be

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materially accurate and actual performance may differ investments involved risk

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and are not guaranteed.

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Speaker 3: Past performance doesn't guarantee future results. Trek twenty four three

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zero eight