Speaker 1: It gets me ready for the day at all day
Speaker 1: in fault and check in throughout the day.
Speaker 2: Fifty five krs The talk station.
Speaker 3: Eight o five. Here a fifty five PRCD talk station.
Speaker 3: Happy Monday Time to learn stuff and things about money.
Speaker 3: It is money Monday Time. Every Monday at eight o five.
Speaker 3: Can talk to Brian James all Worth financially. He's a
Speaker 3: financial planner and follows these matters very closely because his
Speaker 3: job depends upon it. Welcome back, Brian James. Happy Monday
Speaker 3: to you.
Speaker 1: Happy Monday, right back at you. And it is just
Speaker 1: a great time of year to get out there and
Speaker 1: enjoy that sunny, gray weather, isn't it.
Speaker 3: Oh jeez, yeah, I'm at least we're kind of get
Speaker 3: some sunnies guys today. It's you know, when it's been
Speaker 3: so cold, you look outside and the sun's barren dawn
Speaker 3: and you think, oh, it looks great out there, and
Speaker 3: you walk out and you're hit with this arctic blast.
Speaker 3: That's just it's so deceiving and depressed, I know, I know. Anyway,
Speaker 3: moving over to I see the across the board, all
Speaker 3: the futures are down, and some pretty significantly A couple
Speaker 3: points down s and p five hunter Nasdaq's down three
Speaker 3: point seventy four futures trading, and any hint or understanding
Speaker 3: as to why that might be the case currently.
Speaker 1: Brian James, Well, I think we're sort of getting to
Speaker 1: the getting past the honeymoon stage of we've elected a
Speaker 1: business friendly administration. We've had a little bump from that
Speaker 1: over the past several weeks, and now we're just getting
Speaker 1: to a point where realizing that it's not going to
Speaker 1: be as easy as electing somebody and then just moves
Speaker 1: sailing from there on out. We've got some other things
Speaker 1: we'll talk about here this morning that are going to
Speaker 1: be coming out just a little bit on the less
Speaker 1: than happy side as far as business goes.
Speaker 3: I started out the show this morning, or at least
Speaker 3: at some point, talking about this S and P Global
Speaker 3: Flash Purchasing Managers Index, which reports that the optimism among
Speaker 3: business people is really really high and they're expecting factory
Speaker 3: output and hiring it. It actually has risen over the
Speaker 3: past six months, and really a dramatic increase going all
Speaker 3: the way back to May of twenty twenty two. So
Speaker 3: I kind of thought that might be parla aid into
Speaker 3: an increase in the stock market.
Speaker 1: But anyway, Yeah, well, and I think when things like
Speaker 1: that happen, the headline and the article you're reading, the
Speaker 1: market reacted to that a week or two ago, so
Speaker 1: it's just now getting written up by journalists, and so
Speaker 1: the market is now looking at the pendulum swings back
Speaker 1: and forth. So then market now is looking at I
Speaker 1: think things that might be not quite so rosy out.
Speaker 3: There, fair enough, and pivoting over to Donald Trump's tax plan.
Speaker 3: I saw the tax Foundation dot org article. Some of
Speaker 3: it's good and some of it not so good. Most
Speaker 3: notably they don't like the idea of these tariffs and
Speaker 3: suggests that we'll really negate any of the benefits of
Speaker 3: keeping the tax the current tax rates in place.
Speaker 2: Yeah.
Speaker 1: So we've got an administration, of course, that wants to
Speaker 1: stamp its put its own stamp on things, and that
Speaker 1: as we've seen before, that relates to the relationships we
Speaker 1: have with other countries and the trade agreements that we
Speaker 1: have in place. And unfortunately, we've been through it before,
Speaker 1: so we've seen what the impact can be. But I
Speaker 1: think the the main concern right now is that there's
Speaker 1: nothing One of the big things that Trump ran on
Speaker 1: was the price of eggs and getting things down and
Speaker 1: making things easier for American families and businesses and so
Speaker 1: on and so forth. But right alongside that, he was
Speaker 1: just as vociferous about raising tariffs on companies that we
Speaker 1: do business with to affect different things he wants from
Speaker 1: each of these relationships. And there's really nothing about a
Speaker 1: tariff at all that will help lower costs. You're simply
Speaker 1: increasing the cost of supply and you're tacking money onto
Speaker 1: the front end of things, and that has to trickle
Speaker 1: down to ultimately to the consumer. So that's what the
Speaker 1: market is now starting to see in terms of the
Speaker 1: impact coming down the stream.
Speaker 3: Well, yeah, I mean to the extent they don't capitulate
Speaker 3: to what Donald Trump wants. And I use the Colombians. Yes,
Speaker 3: the other day, their president Gustavo Patris said no, you
Speaker 3: will not repatriate my fellow Colombians in these flights and
Speaker 3: denied access to the country to these military flights, only
Speaker 3: to turn around after Trump threatened him with sanctions, So
Speaker 3: twenty five or sense sanctions he threatened. He said, they're
Speaker 3: going to go up to fifty percent if you don't
Speaker 3: hurry up and start allowing these folks and he did
Speaker 3: change his tunes almost immediately yesterday.
Speaker 1: Yeah, and it was pretty quiet too. He didn't really
Speaker 1: say exactly what had changed his mind. It was just
Speaker 1: all of a sudden, the problem went away and there
Speaker 1: was really nothing standing in the way. So my best
Speaker 1: guess is that someone internally got to him and said,
Speaker 1: if we stick on this path, ultimately, you're going to
Speaker 1: piss off all the voters because you've just literally raised
Speaker 1: the cost of them getting out of bed and trying
Speaker 1: to live their lives on a daily basis. So that's
Speaker 1: just Columbia. We have yet to get to the big ones. Yeah,
Speaker 1: but you know, I guess, I guess we can declare
Speaker 1: that that went the United States way.
Speaker 3: So far, so so far well, and I think that's
Speaker 3: an illustration of maybe they need us more than we
Speaker 3: need them.
Speaker 1: I don't know what in that particular case. Yeah, that's
Speaker 1: why I said, that's Columbia. We'll see what happens with
Speaker 1: our other larger trading partner.
Speaker 3: Yeah, no doubt. It's most notably China.
Speaker 2: Correct.
Speaker 1: Yeah, well, we've been down that path before, and there's
Speaker 1: more going on with China than just a trade and balance.
Speaker 1: It's the way they do business that we're really trying
Speaker 1: to adjust our relationship with them, and so we're playing
Speaker 1: our own games with him. That's playing out as we
Speaker 1: see in the headlines every single day with who's going
Speaker 1: to buy TikTok. And first of all, I am not
Speaker 1: an international business law expert. I still am fuzzy on
Speaker 1: the idea that the United States can.
Speaker 2: Force TikTok to sell.
Speaker 1: I believe it's still TikTok's option to simply not deal
Speaker 1: in the United States, except that's going to cost an
Speaker 1: enormous amount of money.
Speaker 3: No, it is absolutely their prerogative. And you know, honestly,
Speaker 3: I think the way the law was written, in the
Speaker 3: way it was passed, Donald Trump doesn't even have the
Speaker 3: authority to extend the band because there is no active
Speaker 3: buyer in play. That was a contingency for the ninety day.
Speaker 3: He had a ninety day extension provision in that bill.
Speaker 3: So if there was someone sitting across the table from
Speaker 3: TikTok and negotiating at the time the band went into effect,
Speaker 3: then he could hold it off for up to ninety days. Well,
Speaker 3: there isn't, and there wasn't yet He's still held it up.
Speaker 3: So I mean, if they went into court and challenge
Speaker 3: his order stopping the ban from kicking in. I think
Speaker 3: whoever challenged it would win because there's no active buyer right.
Speaker 1: At some point it has to be it has to
Speaker 1: go down the way. It's written in black and white
Speaker 1: on a piece of paper, and there there is no
Speaker 1: basis for how. We can't see how this is going
Speaker 1: to come out yet, but it's not matching up with
Speaker 1: the way the law was written. So but that's just
Speaker 1: an example of what we're going to the kind of
Speaker 1: battles we're going to see over the next four years
Speaker 1: as this kind of global business order sorts itself out
Speaker 1: over time.
Speaker 3: What's your take on the exempting overtime pay from income taxes.
Speaker 3: I think I saw that in the rundown and I'm
Speaker 3: just scratching my head, you know, because he wanted to
Speaker 3: exempt taxes or rather tips from taxation, and as well
Speaker 3: not exempt he's also exempt social Security benefits from income taxes.
Speaker 3: You know, honestly, Brian James, I'm one of these people.
Speaker 3: There shouldn't be any exemptions or anything. There shouldn't be
Speaker 3: any carve outs or provisions in the tax co that
Speaker 3: manipulate our behavior. I'm a flat tax guy, just pay
Speaker 3: a percent and call it a day, and don't fill
Speaker 3: out these massive forms and have to deal with a
Speaker 3: fifteen gazillion page income tax code. That's part of the
Speaker 3: problem of doing business. I mean, the tax laws are
Speaker 3: almost impossible to navigate.
Speaker 1: Well, I'm getting a message here that the into It
Speaker 1: people would like to have a word with Brian Thomas
Speaker 1: about his opinions he's sharing on air because they really
Speaker 1: like their turbo tax product that keeps people plenty confused
Speaker 1: and stuck to the idea that things have to be
Speaker 1: more complicated. Now, now I agree with you. I mean,
Speaker 1: I'm a simplification person, and at this point things have
Speaker 1: gotten so far beyond the ability to kind of control
Speaker 1: and predict I would be very willing to try an
Speaker 1: entirely new tax system just to see if that can
Speaker 1: simplify things for people and make it more fair. Now
Speaker 1: you asked my opinion of the idea of taxing this
Speaker 1: and not taxing that. Those different headlines that are coming
Speaker 1: down the plant. First off, those have to get approved, right,
Speaker 1: these are these are still political promises at this point,
Speaker 1: and I would say that my biggest frustration with this,
Speaker 1: while the benefits to people who are receiving those things
Speaker 1: are obvious. It doesn't do any good at all if
Speaker 1: we don't offset with the spending side of things. Yeah,
Speaker 1: we're simply reducing the amount of income we've got to
Speaker 1: pay our bills. That's not going to help in the
Speaker 1: long run. That's simply a campaign promise. So I really
Speaker 1: want to see an adult version of how this is
Speaker 1: all going to come out.
Speaker 2: Hey man.
Speaker 3: And look, someone wrote in big capital letters spending because
Speaker 3: the conclusion from the tax Foundation article was that they
Speaker 3: estimate their proposals would increase the ten year budget deficit
Speaker 3: by three trillion dollars. And lord knows, we don't need
Speaker 3: a bigger budget deficit. And three trillion dollars is a
Speaker 3: lot of money last time I checked. And anything we
Speaker 3: can do to stop that from happening should be done.
Speaker 3: And that's where spending comes in. We can really cut
Speaker 3: spending and curb that sizeable deficit.
Speaker 1: Right. One of the other impacts we just got done
Speaker 1: talking about it is remember, tariffs are going to have
Speaker 1: an effect here too. Tariffs and taxation are all somewhat
Speaker 1: hand in hand when we're talking about making sure this
Speaker 1: country has the ability to stay afloat. From a finance perspective,
Speaker 1: tariffs are going to hurt are going to hurt people
Speaker 1: at the bottom of the line here. And if we're again,
Speaker 1: if we're simply running up more and more debt because
Speaker 1: we don't we want to be able to have the
Speaker 1: headline that we're not taxing groups who are struggling, then
Speaker 1: we have absolutely got to find a way to not
Speaker 1: spend those taxes in the first place. I haven't heard
Speaker 1: a single peep yet about the things we are not
Speaker 1: going to do anymore to kind of save on those
Speaker 1: different items.
Speaker 3: Stop funding shrimp on treadmill research. That can be number
Speaker 3: one and no one could argue with that. We're going
Speaker 3: to continue with Brian James in a moment talk about
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Speaker 3: hour work week and looking at your phone at work
Speaker 3: apparently costing you money. You can save up to well
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Speaker 2: Fifty five KRC dot com.
Speaker 3: When the Wildfires eight nineteen fifty five KRC detalk station.
Speaker 3: It's Monday Money Monday. That's what we're doing right now
Speaker 3: with Brian James will allwor Financial moving over and you know,
Speaker 3: everybody's looking around for the day when mortgage rates are
Speaker 3: going to drop so people can afford to own homes.
Speaker 3: And I guess we're looking at what roughly seven percent
Speaker 3: current mortgage rates.
Speaker 1: Yeah, so seven percent current mortgage rates. And that's been
Speaker 1: that way since about mid twenty three. So mortgage rates
Speaker 1: in this recent cycle. The average peaked around seven point
Speaker 1: eight percent in October of twenty twenty three, and we
Speaker 1: fluctuated around that ever since then. We've right now, we're
Speaker 1: kind of we've hit a plateau, right about seven percent
Speaker 1: or so, is what I'm hearing, and it's it's having
Speaker 1: impacts on, of course, people's decisions of whether to buy
Speaker 1: that bigger house or move to the next neighborhood. And
Speaker 1: you know, the things that we used to take for granted,
Speaker 1: we had low interest rates for so long that people
Speaker 1: would make decisions for their lives and their families without
Speaker 1: regard for what these uncontrollable numbers. What the impact was.
Speaker 1: Now I'm hearing about people making decisions to well we
Speaker 1: have to stay put a few more years. We just
Speaker 1: we can't give up this three percent four percent interest
Speaker 1: rate on our mortgage. Sure, So I'm not going to
Speaker 1: take this job opportunity, or we're going to stay in
Speaker 1: the smaller house. You know, I've been doing this for
Speaker 1: thirty years, and I have not had conversations like this
Speaker 1: because we've been so spoiled for so many decades.
Speaker 3: Yeah, I imagine so, and you know, I'm sorry. I
Speaker 3: lived through super high mortgage rates. You know, my wife
Speaker 3: and I bought our first home. I've pointed out before
Speaker 3: we got a seven to twenty three balloon and had
Speaker 3: to do We paid three points to get it down
Speaker 3: to eight and an eighth. So it seems to me
Speaker 3: that the interest rate is not the thing that's the
Speaker 3: big problem, more so than the cost of homes went
Speaker 3: through the blanking roof. There's not an available supply of
Speaker 3: decent homes in an affordable realm, and COVID of course
Speaker 3: caused that as well. People were buying up real estate
Speaker 3: left and right, and so in inventory is not sufficient
Speaker 3: to meet demand. So I think we need more affordable
Speaker 3: sized homes, and I think more people could still buy
Speaker 3: in spite of the fact the interest rates currently seven percent, right, And.
Speaker 1: I think but another factor here, comparing those two time
Speaker 1: frames too. When you bought your house, we had just
Speaker 1: come out of you're speaking in the early eighties there,
Speaker 1: I believe, in oh nineties, okay, all right, so well
Speaker 1: similar points. We had just come out of a recession,
Speaker 1: uh in the but the eighties were fairly strong economically speaking,
Speaker 1: and we, like you said, we didn't have the high
Speaker 1: prices of houses that we do now. And so the math,
Speaker 1: the metrics are just completely different in terms of how
Speaker 1: you're going to make that decision. But I think I
Speaker 1: think we've just come out of a period where, again,
Speaker 1: people were so spoiled. We we I think kind of
Speaker 1: became a little convinced that three percent mortgages are normal,
Speaker 1: not the absolute bottom rate we've ever seen in history.
Speaker 1: And I think that's causing a bit of hesitation with
Speaker 1: people thinking we're going to get right back down there
Speaker 1: pretty quickly. But as long as inflation is hanging around,
Speaker 1: I don't I don't see that coming really anytime soon,
Speaker 1: simply for the fact that we have to keep an
Speaker 1: eye on inflation and we've done everything we can to
Speaker 1: get rates back down from you know, intrace themselves back
Speaker 1: down from the eight nine percent range, speaking of the
Speaker 1: the federal reserve rates back down to the close to
Speaker 1: three percent rate. But that still is leaving mortgages because
Speaker 1: there's still a component of demand that drives where mortgage.
Speaker 2: Rates sit as well.
Speaker 1: So we got little ways to go there, and I
Speaker 1: think maybe some people are hanging on a little bit
Speaker 1: too long to the idea that it has to get
Speaker 1: back down to three percent before I can make a
Speaker 1: decision to affect my family.
Speaker 3: Well, do you recommend or is there a suggestion that
Speaker 3: people not pursue like an adjustable rate mortgage. I mean,
Speaker 3: if you think the interest rates have maxed out and
Speaker 3: are going to ultimately drop, I know that might be
Speaker 3: a dangling care for some people to consider, but it's
Speaker 3: like me, going with the seven to twenty three. We
Speaker 3: figured the rates would be down by the time we
Speaker 3: had to refinance or lock it in after seven years,
Speaker 3: and of course that's in fact what happened. So what's
Speaker 3: your thoughts on adjustable rate mortgages?
Speaker 1: So, yeah, I mean I think they can be I think,
Speaker 1: by the way, what you're referring to is these are
Speaker 1: called arms adjustable rate mortgages. There can be a five
Speaker 1: year ARM, you can have a ten year ARM. Seven
Speaker 1: year basically means that you lock in your rate now
Speaker 1: and it's going to be somewhere in the ballpark of
Speaker 1: a market rate, but it will adjust to whatever that
Speaker 1: market rate is after that period has ended. So if
Speaker 1: we are sitting at a period which we kind of
Speaker 1: are right now, where we feel like rates will be
Speaker 1: lower in the future, Again, we're not talking six months
Speaker 1: from now, We're talking several years by an ARMED, then
Speaker 1: you can benefit by putting a mortgage in place that
Speaker 1: will drop if rates have dropped at that time. And yeah,
Speaker 1: I'm a fan of that. It's a little bit of
Speaker 1: a different thought process. I didn't want anybody to do
Speaker 1: an ARM. You know, three four years ago, we were
Speaker 1: sitting in the opposite situation where rates were extremely low
Speaker 1: and your adjustable rate was going to go up on
Speaker 1: you in five years, yep, And we had people kind
Speaker 1: of in a bit of a panic making sure they
Speaker 1: got it paid off or refinanced before that ARM came due.
Speaker 1: This is a little bit of the opposite where it
Speaker 1: can be. There are tools out there if you're thinking
Speaker 1: differently than three four years ago. There are tools out
Speaker 1: there that can help you, and I think it's a
Speaker 1: good thing to do as long as it works within
Speaker 1: your overall financial plan, which sometimes has more to do
Speaker 1: than just money.
Speaker 3: Indeed, we'll pause R and I'm bring Brian back to
Speaker 3: talk brief. I'm sure about the thirty two hour work week,
Speaker 3: and then also apparently looking at your phone may cost
Speaker 3: you opportunities at work. Don't do that one more with
Speaker 3: Brian James this Monday. Monday, I'll be right back after
Speaker 3: these brief words.
Speaker 2: Fifty five KRC the talk station.
Speaker 3: We'll have a sunny day to day, a high thirty
Speaker 3: eight overnight, some clouds and a drop to twenty eight.
Speaker 3: Sunny skies tomorrow with a higher forty four during the day,
Speaker 3: partly cloudy overnight down to thirty two, and on Wednesday
Speaker 3: it's going to be partly cloudy and going up to
Speaker 3: forty four twenty degrees.
Speaker 2: Right now, time for traffic from u.
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Speaker 4: twenty court trials, more treatment options for personalized care, more
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Speaker 4: seout dot com. Southbound seventy five continues slow through Blackland
Speaker 4: ass inbound seventy four, but the lay times have dropped
Speaker 4: under the ten minute mark. Now between north end and
Speaker 4: seventy five there's a wreck he's found two seventy five
Speaker 4: and seventy five. Tramping slows a bit from seven to
Speaker 4: forty seven. King Ramont fifty five krs. The talk station.
Speaker 3: A twenty eight fifty five caracity talk station Brian Thomas
Speaker 3: and Brian James doing money Monday. Buddy Levy with the
Speaker 3: book Realm of Ice and Skies up next. He's into
Speaker 3: Arctic exploration history and that's what that's about.
Speaker 2: Brian James.
Speaker 3: Real quick, before we get away from the real estate topic.
Speaker 3: It's just I saw an article about real estate insurance
Speaker 3: has just really gone through the roof. We apparently had
Speaker 3: two consecutive years of double digit increases in premiums and
Speaker 3: it just sort of it just brings into focus. Just
Speaker 3: because you can afford the mortgage payment, you got to
Speaker 3: remember maintenance upkeep insurance, which is a variable that it's
Speaker 3: going to you know, maybe go through the roof.
Speaker 2: Energy bills.
Speaker 3: I mean, who knows how much the price of energy
Speaker 3: is going to be, but you got to pay the
Speaker 3: heating and air conditioning bill every month, keep your electricity on.
Speaker 3: I mean, it's just so much more than I think
Speaker 3: people perceive you as a financial planner. Is this the
Speaker 3: type of thing you walk through your soon to be
Speaker 3: maybe a home purchasing client. It's through to analyze this
Speaker 3: what it's all going to cost on a monthly basis
Speaker 3: or an annual basis.
Speaker 1: Yeah, absolutely, And I would say we also talk about
Speaker 1: that with our current home owning clients because we're in
Speaker 1: an environment we haven't seen before. So you know, it's
Speaker 1: one thing to look at what is the cost of
Speaker 1: me living my life right now? But the whole point
Speaker 1: of a financial plan is to have a feel for
Speaker 1: what it's going to look like in the future. And
Speaker 1: one of those elements is the fact that homeowners insurance
Speaker 1: and things like that are going to get more and
Speaker 1: more expensive.
Speaker 2: Property tax.
Speaker 1: Oh yeah, that's another one, right, You got a one.
Speaker 3: Third increase in your property tax. Can you manage that?
Speaker 2: Oh, it's just.
Speaker 1: It's it's just a spiral as the value of things
Speaker 1: go up. Right that the value of your house as
Speaker 1: a whole has gone up, but so has the value
Speaker 1: of the plywood and the two by fours and all
Speaker 1: the other stuff in there. So your insurance company is
Speaker 1: looking to ensure not what you paid for your home,
Speaker 1: they're ensuring the replacement cost. So if something happens to
Speaker 1: your house, it gets wiped off the face of the earth,
Speaker 1: what would it cost to put that house back in place,
Speaker 1: which is going to be a heck of a lot
Speaker 1: more than what you actually paid for it. Therefore, that
Speaker 1: trickles all the way down into the premium. So that's
Speaker 1: something to pay attention to to make sure you have
Speaker 1: a handle on what those expenses might be in the future.
Speaker 3: Hey man, one of the reasons get a financial planner,
Speaker 3: all right. I saw Bernie Sanders proposed it and I
Speaker 3: think it got laughed out of the room as a suggestion.
Speaker 3: But a couple of weeks ago, or a week or
Speaker 3: so ago, some progressive senators were pushing for the federal
Speaker 3: thirty two hour work week. I know there's lots of
Speaker 3: articles around about bringing them back into the office to work,
Speaker 3: and a lot of federal workers are really angry about
Speaker 3: that and maybe just going to quit their jobs because
Speaker 3: they don't want to show up to work. But thirty
Speaker 3: two hours, as opposed to a full forty hour work week.
Speaker 1: Yeah, and I think that the important detail there. It's
Speaker 1: a thirty two hour work week proposal, but the important
Speaker 1: thing is without loss of pay. So, in other words,
Speaker 1: we're going to reduce output by twenty percent, but we're
Speaker 1: not going to reduce the income that these folks make. Now,
Speaker 1: this is not super popular. I don't see it seeing
Speaker 1: the light of day anytime soon. Even Elizabeth Warren came out,
Speaker 1: who's usually relatively in line with Bernie Sanders, she came
Speaker 1: out and thinks it's a terrible idea. She said, it's
Speaker 1: she thought it was an insult to the work that
Speaker 1: her staff puts in. So I don't think there's gonna
Speaker 1: be a whole lot of popular And it was never
Speaker 1: going to see the light of day anyway. But even
Speaker 1: among the progressive side, I don't think it's going to
Speaker 1: be all that popular. The last thing the progressive side
Speaker 1: can afford to do is to work less. If they
Speaker 1: truly believe then the different things they're trying to push more.
Speaker 3: Which was just a general reaction, like what nerve you
Speaker 3: have to even suggest this at this moment in time?
Speaker 3: All right, pivoting over to our final topic today with
Speaker 3: Brian James from All words financial. Looking at your phone
Speaker 3: too much your work could cost you opportunities. Saw this
Speaker 3: Washington Post article.
Speaker 1: Yeah, this used to be a thing we worried about
Speaker 1: with our kids, right, So now it has snuck into
Speaker 1: the adult world, of course, and I don't think it's
Speaker 1: gonna be too much of a surprise. But about fifty
Speaker 1: eight percent of US adults say they now realize that
Speaker 1: they use their smartphones too much, up from thirty nine
Speaker 1: percent in twenty fifteen, and some other surveys indicate that
Speaker 1: people are acknowledging. About two thirds of people acknowledged that
Speaker 1: they use their phones multiple times during the work day.
Speaker 1: And I would have to point out, ironically, some of
Speaker 1: them probably answered the survey that had nothing to do
Speaker 1: with work, but it popped up while they were looking
Speaker 1: at it. Now I know one thing that happens, but
Speaker 1: I do have important notifications that hit my phone as
Speaker 1: our staff communicates with each other to help our clients
Speaker 1: and so forth. What I have to be careful of
Speaker 1: is when that notification hits. I know it's an important
Speaker 1: one because of the way I've set my phone up,
Speaker 1: but I have to make sure that I ignore all
Speaker 1: the stuff that might be there. But is not important,
Speaker 1: because that's how we get sucked into the vortex of
Speaker 1: getting distracted and I'll deal with the issue at hand
Speaker 1: and then oh, look, there's better check what's coming out
Speaker 1: of Washington right now. Got to know that right at
Speaker 1: this exact moment. So it can be very tempting to
Speaker 1: especially when we're in the news cycle that we're in now,
Speaker 1: where there's information coming fast and furious that does have
Speaker 1: an impact on us, but we can't do anything about.
Speaker 1: So my suggestion would be the use the built in tools.
Speaker 1: Whether you're an Android user or an iPhone user, Android
Speaker 1: offers something called digital well Being that will help you
Speaker 1: manage as often as your phone distracts you, and will
Speaker 1: help you keep an eye on how much you're spent,
Speaker 1: how much time you're spending. iOS has screen time apps,
Speaker 1: all these things have built in tools to help you
Speaker 1: keep track of it. But it's discipline. It's like anything else.
Speaker 1: Brian Thomas. You have to pay attention. You have to
Speaker 1: be willing to make the sacrifice. It will help you
Speaker 1: in your career. The last thing you want to do
Speaker 1: is have your boss catch you snoozing on your phone,
Speaker 1: or heaven forbid, one of the other headlines in here.
Speaker 1: It's now happening during job interviews. Your interview is just
Speaker 1: about over. If you're hiring manager, Seese, you check your
Speaker 1: phone for no good reason.
Speaker 3: I can't believe someone would actually do that. See, you
Speaker 3: know my family. You need permission bastly from my wife
Speaker 3: if you plan on bringing your cell phone out at
Speaker 3: the dinner table, and you better damn will have a
Speaker 3: compelling reason to do it. It has to be extraordinarily important.
Speaker 3: Otherwise you keep your phone in your pocket, you don't
Speaker 3: use it at the dinner table. And yeah, we go
Speaker 3: out to dinner and it's just it's room full of
Speaker 3: people that aren't talking with each other. They're staring at
Speaker 3: their cell phones. I think we all need to engage
Speaker 3: in a sense of self awareness. I like the idea
Speaker 3: of the app. You said that the tracks the amount
Speaker 3: of time you spend on it, because I think people
Speaker 3: realize how much time they spent on their phones and
Speaker 3: sort of stepped out them out of side of themselves
Speaker 3: and looked at themselves staring at their phone all the time,
Speaker 3: they probably would cut down on the amount of screen time.
Speaker 1: Yeah, I think that if we use these tools for
Speaker 1: the right purposes, you can get a better picture of
Speaker 1: how you look from an arm's length away. You know,
Speaker 1: no different than if I start tracking my calories with
Speaker 1: an app on my phone. I will definitely at least
Speaker 1: acknowledge that I need to be a better adult than I.
Speaker 2: Have to.
Speaker 3: Brian James. I appreciate our conversations every Monday. Monday, Money Monday,
Speaker 3: Money Monday with Brian James. Thank you to you and
Speaker 3: the folks that all Worth Financial for loading you out
Speaker 3: every Monday. Good to hear from you, Brian. I hope
Speaker 3: you have a wonderful week. We'll talk next Monday.
Speaker 4: We got one.
Speaker 1: We'll talk to you in February.
Speaker 3: I take care. Buddy Levy or the book Ram of
Speaker 3: Ice and Sky. He'll be on the program next. We'll
Speaker 3: learn all about the Arctic exploration. I'll be right back.
Speaker 2: This is fifty five KRC, an iHeartRadio station. In Today's
Speaker 2: Marketers Report, Kate Cronin