The 404 Show 1,550: Jill Schlesinger, the NFL's untouchable brand, three financial musts (podcast)Today we remember September 11th with Jill Schlesinger, discuss the NFL's impenetrable brand during scandal and review some of the most beneficial financial moves anyone can make.
[MUSIC] Welcome to the 404 ladies and gentlemens, it's Thursday, September 11th. I'm Jeff Bakalar. I'm Ann Gill. I'm Ariel Nunes. Thank you everybody for tuning in. And Jill you're back on the program how are you? I'm well, but we just realized this is the second time I've been on a program on a 9/11. Right. Which is weird. And I guess that's where we're going to lead off with. It's very strange that a this is your second 9/11 with us. Well, like what's up with that? I don't know. I just wanna hold your hand during a difficult time. I guess, maybe. Maybe it's fate. I'm not a big believer in stuff like that. I understand [CROSSTALK] It's some sort of like cosmic coincidence, perhaps. Okay, also known as fate. Is it? [LAUGH] A coincidence. A cosmic coincidence, I like that better. I don't know what it is, for this year, whatever reason, it like, hurts. Yeah I know what you mean, I felt a little bit different this morning, you know I've been at work in the morning, but I really am so into the fact that MSNBC. Rebroadcast. Sorry for everyone at CBS. That MSNBC rebroadcast the Today show coverage from 9/11. [CROSSTALK] Really? In real time. Huh. So, it's pretty wild, so it, you know, I got down from the set at like, you know, 8:42, and it was just, now they were talking about this was like, oh, this weird, we're getting reports. The plane that hit the World Trade Center and then they just go into it and there's so many things that it evoked, for me, you know, where was I at that time? What exactly was I doing? Right. How did I, you know, it was sort of a very frantic time. Sure. Who was working where? Where's dad? Where's my brother in law? All that stuff, but you know, in watching it. Thirteen years later. I guess I'm also struck by the fact that the world feels so unsafe, you know, just a day after Obama gives that big speech last night on national TV. He'd like to think that 13 years later we'd feel a lot safer? Yeah. Mm-mm. Mm-mm. Yeah. Maybe, I, I definitely think it's, there's that undertone of. Instability. Mm-hm. >. And vulnerability, I guess. And I think that it's been, you know, it's been 13 years, that is such a long time. Yeah. And, maybe something about 13 years makes it feel kind of, old in a way? Hm. Where you, you look at the highlights and like, everything's in four by three. And it just seems like a very long time ago, but there's still that lingering, you know, you know, sorta like feeling in the back of your head. And I don't know why this year more than any other year, for a while, the day would come and go, and I'd. You know you think about it, but for me personally it's just sort of was like an afterthought, and I don't know what it is. yeah, I don't know. I've been seeing like a lot of movies lately that are, that have it as a backdrop. Yeah The original Twin Towers. And that's strange to see. Oh yeah. I remember that, it's you know, weird, I never forget this. There, there, right after it happened. Sex and the City was still on the air. RIght. And there, that intro had a big twin tower thing. [CROSSTALK] yeah, that was like the first frame. Yeah, and they, they edited it out. Right. It's, it's very weird, and so were, where, where? So I was in Providence, Rhode Island. Yeah. And, it's like one of those times when, you know, you're just so obviously a New Yorker, and so everyone was in shock. The whole nation was in shock but you know, for me, it was a little bit different cause. You know, I'd already been on the phone for two hours trying to find out where everybody was and then you couldn't get through. And that was that. Right. That was scary. That was kinda weird. And because I worked in Wall Street. I actually worked in the World Trade Center. My first job on Wall Street was at the commodities exchange which was for World Trade Center. And, you know, it's crazy like, so much of my life and my routine from my early career, was in that building. Yeah. And my brother-in-law and I, who met on the floor of the COMEX, we used to commute together, down to Wall Street. We'd drive down. We'd park in the garage of the World Trade Center and then if you ate at Windows on the World for breakfast, they'd validate your parking. So, we'd both get a really cheap breakfast. Right. And we were like, oh my God, we got to park. Park, for, like, we got to park for the whole day [COUGH] and had two breakfasts, and it was 20 bucks. That's funny. And I remember my father telling me, like, later that night, he was so upset, and he would say, I just couldn't think about, like, all those times that you and Evan were sitting up at Windows on the World having breakfast, like, it's just a random morning. Yeah. And it could be any random morning, and of course. Anything random can happen any time, it's just that it doesn't happen to so many people at the same time. And that's what's so startling about it. Yeah. I just, yeah. I don't know what it is. It's, I can't, you were so involved with that, that place. Yeah. There's something I saw on Reddit, yesterday. It was a, a dude and it made the front of the top post. And he, and he wrote. I was one of the last people on the roof on the, on the roof deck and he had a photo on September 10th, 2001. Oh, wow. And then he scanned his, ticket stub. Oh my God. And it's just, you know, it's like September 10, 2001, Right, it's the day before. That's it, you know. You know, it's interesting, my friend Debby was working for dow jones, and which was if you remember. There was a whole, there was a bunch the street from Sure that got like really level and she got out of the subways. She walked into the building and she went I think as far the, she went toward the elevator. Then a whole bunch of people down saying like you can't come in we have idea what is happening Right. [UNKNOWN] walked up the Westside Highway. Hm. And, you know, just also remember those images of people, like all with the debris on them? Yeah. Like coming from a volcano. And walking, right, and then like walking across the Brooklyn Bridge, or walking up the east side, walking up the west side. It's so intense. Yeah, those images are forever burned into everyone's minds. I think, also, I mean, I was in a weird, I was in a weird place. I was in college, I was a sophomore in college. It's just weird to me like now to think about that like>>mm-hm>> I was in college like such a, such a vulnerable time too you know>>yeah?>> It was weird and I was in Baltimore so your>>little removed>>disconnected. you know the pentagon thing was I guess pretty close>>yeah?>> only an hour away and I just remember people. Like, you know, they were, that, the school I went to was filled with New Yorkers and New Jersey people. Hm. A lot of Long Island, and then it was, like, Maryland people, and, and I remember, after it happened on my floor, everyone had sort of, it was, like, people getting ready to go to class. And everyone on the floor, you could tell, like, who realized, after the second plane hit. Cuz, after the first plane, you know. There wasn't a lot of info. There's no YouTube. Right. Right? There was no sort of like, no one understood the gravity of the fact that a freaking gigantic plane. Yeah, because the early reports were it's a little plane, a private jet. It's like a little private, you know, propeller plane. Right. This was a massive freaking jet. Yep. And then, it wasn't until I saw the second one like live-ish, and then people, and then even then though, like, you knew like the New Yorkers were like, oh my God. This is catastrophic. This is like anarchy, and it was weird, some people sort of like rubbed it off and they were like, I am going to be late for class, I have got to go, and then other people were like, oh my God, the world has changed. I remember when I went to work, and at the time I owned this financial planning firm, and my then business. Partner and I, like, we kind of talked. And we were all watching the TV, huddled around the TV. And he's like, you know what, I think we gotta let everyone go home. Yeah. This is like scary stuff. Yeah, yeah. So, which we did, but it was almost, like, it was a strange feeling for me as a New Yorker, to be in Providence, Rhode Island, of all places. And you're a little bit removed, so it's just watching TV, but not talking to anybody, and it was. You know, it's kind of scary and I think that there was a part of me, you know a lot of people made big decisions around 9/11. You know I'm gonna get married cuz life is short. Sure. And I think in the back of my head I was like, you know what, I need to get back to New York. Yeah, gonna go back. You know like, like, that, this is not right. This is not my home. Yeah. This is a place where I live, and it's where I have a company, and it's where I have friends. And where I have you know. Girlfriend, whatever. But this is not really my home. Right. And so, I think something clicked for me. And in that respect, it was, like, life altering, even on a personal basis. Sure. And I was, like, this is not the right place for me. Sure, yeah. What about you, [UNKNOWN]? What was goin' on with you? I was in San Francisco State. And I just remember seeing it on the news as I was about to go to class. It was, in on west coast time it was 8 a m or something like that. It was super early. No, five. Like five I think. Like quarter to six. So people like waking up to that. Yeah exactly. So I just remember immediately after, cause my dad still lived out here in New York and still had a lot of family out here. Just trying to get ahold of everyone and I couldn't get a hold of anybody. Yeah and then and then class was dismissed. And then can I just in, in, inject a little bit of levity put your shot up again Arial. Yeah. I like seeing Arial's shadow there, it's very oh, yeah Alfred Hitchcockian yeah oh my God it's you know like totally it's like you know [LAUGH] it's those creepy. A little levity please, for the moment, we're getting too yeah serious like everyone's gonna be like oh my God it's. 404 and they're gonna be too serious. I know, I know. But anyway, by the way, this is a great new studio. Oh, thanks. New, I don't know about using the word, new. But Transitory. Temporary. Temporary. Sure. You, by, you can tell by the sophisticated lighting we have. Also, the great. The sound quality that I hear the, the construction going on. All kidding aside, like that's actually the first time we're here. Ever. Well, we're hearing it in this studio, right, Arios? Yeah. [CROSSTALK] [INAUDIBLE] I think it's that. But yeah, but now that was pretty interesting. That wasn't so great. A little effed up. And they were like disrupting our, our sensitive moment. Exactly. We could've had a moment. So, before we leave the topic of 9/11 behind. Do you physically feel unsafe in the world today? I think a lot about what the great George Carlin says a lot. Where he's like. You know I've, I, if the, I am not a religious person at all. Mm-hm. But if I were to worship one rel it would be like Carlinism. Okay. Seriously- Okay. I really do believe he had the right idea about life. Okay. And, he respected like statistics and math and that sort of stuff, and I do that as well. Mm-hm. Where your chances of X happening- Right. Are so microscopic. So I don't think about that in terms of like my safety. I'm never worried like, oh, something could happen. Because the chances of anyone dying in a, in a terrorist attack are basically microscopic. Right. On a molecular level. Unless you live in Baghdad. Right, of course. Or if you're in, if you're in one of these awful [SS] Place. You know, places. [SS] Yeah. You're, you're odds increase substantially. So, I, you know, and even living in Manhattan or around in, in, New York, it, it doesn't really phase me. I think the few years after 9-11 though, it did, it did get to me. Especially when I was commuting in to the city for my internship with my dad, like driving through the Lincoln Tunnel every single day in his car. Hm. And it just, you know, that, that claustrophobic bumper to bumper. Oh, I know. It's the worst. The whole thing where you're like, you're like, man, if anything were to happen though. Yeah, this would be a bad thing. Like, you're, this is it. Yeah. You know, so. Obviously the memory of that stays with you and you're sort of just forced to live your life. Mm-hm. And, and I know people who like moved away. Right. Like I know people who left the area for good. Yeah. And they were just like **** that, you know. Right and then live a different life. I'm getting out, you know. Right. Like absolutely. And that's actually what a lot of people say like. Contributed to like, the boom in other suburban areas outside of Manhattan. Mm-hm. With like this, this sort of lingering fear. but, do I feel safer now was like your original question right? Mm-hm. I don't. Probably not, no. Yeah. You know. I, I, it's funny because you know, I'm travelling so much now. Sure. The girlfriends still in London. Right. And going to back and forth I had this like, wild experience. Stacie, turn this part off, okay? [LAUGH] So, we were taking the Chunnel to Paris. Wait, wait a second. Is this something that Jackie shouldn't hear? [INAUDIBLE] No, no, no. No, this is Stacie, don't hear. Because you're like, she doesn't want to hear about how many good things you're doing and all the fun places you're going. Oh, okay. Okay, okay, all right. So we were, we took the Chunnel to Paris. [CROSSTALK] [LAUGH] Yeah. Okay? I've done that. It's fun. Which was fun. Yeah. And and so we came, we're coming back and, you know, you're in the train station and it's security and, you know, I've been going through security a ton so, you know, take your shoes off, do this, put the liquids in. [CROSSTALK] Sure. Just think about that, we, we didn't have to have the liquids in a plastic bag. I mean, it's crazy, right? [CROSSTALK] It's crazy. It's crazy. Okay. So, I'm coming back and there is this very handsome, buff dude in front of me. And, you know whatever, strike up a conversation and we're wading through the line. And, he said you are visiting in Paris or are you going to London. I said the girlfriend is in London and I'm just visiting her. I said what about you. Well I'm based in London. I work for the State Department. Mm-hm. And I'm like Oh, I said really and it was clear it was not just like the State Department, it was something else. Like an MI6. Or something. Yeah. And he says to me, God the security here is such a joke, I've really gotta talk to my boss about it. Huh. And I said what do you mean? Oh, God. And he says watch this. And so he puts his iPad, his keys, and something to the side, and puts in, like, the bin that doesn't get x-rayed. And they take it, they put it in and he goes to the other side. He goes, like, okay, so like they shoulda made me turn on my iPad. Right. Those keys have something attached to it which could have something pretty bad in it. And my phone is on me, and he said, so he goes like, that's not right. Okay, so now. It's that human element. Oh. Like, security. The fact that if any security has a human element to it. You're screwed. Over a long enough period of time, that human element will compromise the integrity of the security. Right. So, its just human nature to eventually not give a ****. So let me ask you another question. Do you think its bad to go through the x-ray thing where you have to put your arms up? Do you do that? Like for your body? No, not bad. But, like, a lot of people find that terribly invasive, and they think that that's like bad stuff. Because they can basically see your junk? Right. I mean, I, I don't know. I, I, I just, you know what? I just don't think about it. Okay. I don't either. I don't really, I really don't. You know I travel a, a couple of handful of times a year. I do it. I make middle fingers when I do it. Yup, I know it. So, I don't know. I, I, what do you, it's just like. Here's the deal. It's not that much of an inconvenience, where every time I'm going through it I'm thinking like, you know, F everything. Yeah, yeah, yeah. If it was like, way more intrusive, Okay. You know, where like, someone is. Having you down every single time On my hands, on my, on my sack- Yeah. Like, every time. Minimum set. So, Pardon my French. In our next excursion. Yeah. Over Labor Day weekend, we went to Edinborough. Okay. Which I told you, because we were emailing. Right, right, right, right- And and I did the most like, idiotic thing that I have done in traveling. You know, we have a carry-on bag. [INAUDIBLE] Commuter flight's, like, an hour flight, from Edinburgh to London. And, of course, I'd gone on the whiskey tasting tour, and bought some specialty scotch. And for some reason, you know, I just popped it in my bag, completely forgetting that I'm not checking. So of course I get through security and they're like the guy at security's like gonna be a good night for me tonight. Yeah. And I'm like oh no it's not. Yeah. So I ran back out. I rechecked my bag. I almost missed my flight. But, you know, I got, I got the bag. We did it. Yeah. Okay. Now I'm going home. I get flagged in the computer. Eh. Because I think of this incident. You think like that? I think this incident may, I don't know. I don't know how that happened, because there, there's no like, identification attachment. Well, BA had to, had to go out, I had to re-check in. Oh, so maybe the fact that you, like, you know, a double pass. [CROSSTALK] That's what I think, like a little funky thing that happened, right? Yeah, that's what they flagged. And they flagged me, right? Yeah. So, I get to the airport, which, by the way, I had plenty of time, because there was fog, and my flight was delayed by three and a half hours, so it really didn't matter what was happening. [LAUGH] The fog. [LAUGH] The fog. English fog, delaying your flight. Exactly. So, they go through this whole thing, and what was interesting to me, in, just. Even that. I have been flagged, right. Yeah. You would think they'd go through every inch of my bag. Don't you think? I would think. If you are flagged. I think it would be more thorough. [UNKNOWN] they didn't pat me down at all. Like I was already like, oh boy, I guess I am getting a cavity check today. Yeah. hm. Did you get my pap smear while you are at it? [LAUGH] Oh. Okay. You went there. Open the bag. Opens the bag. But then, it's like, okay, here's my computer. They didn't make me turn my computer on. Okay. They opened my bag, but then they, like, let's say, like a little bag of toiletries. Okay. They didn't open that. They kind of opened it, looked in for a second, but that was it. I thought it was quite a cursory check for someone who'd been flagged. I mean, like I said, Human. The human element, it just. Waters it all down. But again if I were like an Arab women they would have had me bending over and done in a Jihad track you know, x ray. In the current world we're in with that sort of. Right. You know. But I got away with it because I look like you know, I'm a white Jewish girl. That definitely would have happened to you. There's no doubt about it. You don't have a friend who's like a very dark Sephardic Jew and- They look almost Italian. Yeah, he was, of course unfortunately was quite Arab. And he is pulled in every line. Every single line. Does he like budget extra time because he knows- Absolutely, he's been. That racial. Profiling, is this gonna happen to him? Yeah, cuz he says if you have to be at the airport two hours, I always say three hours. Wow. You gotta tack on, you gotta tack on that extra hour for racism. Exactly. Well some races, I mean it's racial profiling. [LAUGH] Right, for that racial profiling. We don't like to call it racism. But it's such a cop out. It's just a reason to [INAUDIBLE] I know. But anyway, the most important thing is that I got my. Really that's the lesson of all of this. Ladies and gentlemen- Right. No matter what happens in the world, you can drink your problems away. I would like to think so. Also, I found a great guy for a guest to the 404. I just forgot to tell you this. I just bumped into him on my way walking from broadcast center to the subway. And he is a classmate of mine from high school. He's a lawyer. It's like, not, totally great guy. We like were pals in high school. Sure. He is one of the guys who's become instrumental in leading the fight to legalize marijuana in New York. [LAUGH] You want him on the show? Well, I mean, I don't want us to come off as some sort of pro stoner program. He's not a stoner. He's a lawyer. He's like a, he's legit. He's part of a process. Yeah, but like. There's also, yeah, and there's also like a dude who defended Jeffrey Dahmer also. Okay, so you don't want him, or you do want him? No, I, No, I, I, I don't know. We gotta talk. We'll talk. But I, I'm very [INAUDIBLE]. Curious to hear what his life has been like, right now. It's very interesting. He told me, first of all, he's like, forget about it, it's all about the money. Of course. He said now he's like, hedge fund guys are calling him. They're talking about like, how do we invest in this Yeah What's the place do? Right ? ? What do we know. And he's like, it's gonna happen. He's just but, you know, there are, hurdles along the way. For me it's like, I want to figure out, of course, how to make money off it too. Mm. Which, I think anyone, Yes. should really be interested in Mm. It's a byproduct. in this free market economy, right? Yes. So, I don't know. The, the, the way that you make money on that is, like figure, like obviously growing it and that sort of stuff that is, is taken care of, right? Right. You're not gonna make, you know, a dent in that hierarchy, but perhaps. You know, it will create a new economy around it. Absolutely. There's gonna be winners and losers. There's opportunity in that. There's an, there's potential opportunity there. Maybe, maybe you should, like, bet against bars. Maybe bar business will change. Yeah, can I bet against, like, booze? You maybe, yeah, sure. You could sell a stock of Seagram's. You could sell that. Stop short. Yeah, let me do that. All right wait a second. Can we talk about that? We'll talk about that. I thought that was an interesting thing and yet I digress. So before you went on the show you're like what'd you ask me about London? Right. Like am I living it up right? Yeah, what's your deal? You are a bachelorette. I am. You have a significant other in a different time zone, let alone continent. Correct. So are you killing it or what? [LAUGH] Yeah, so, okay. I have a high probability of being a hermit. Okay. And that is what I have learned. [CROSSTALK] So you're a shut in? I am total shut in. You haven't gone out. I have barely gone out. I go out less now. Really. With her there, than with her home. And it's scary [CROSSTALK] because I mean it's, it's not even like. I had zero desire. And people will say, do you wanna have dinner? Mm-hm. And I'm like hm, no, no I don't. I love my Netflix. Like, I am catching up on a lot. Are you like like sweatpants and [UNKNOWN]- Okay, what time is it? [UNKNOWN] one. Let's say that I get home today at 1:30. Yeah. I go out for a run before it starts to rain. Yeah. I get home and then I do a little bit of radio work at the end of the day. Done. In the pajamas. Six o'clock I can be in my pajamas. You like Make myself some dinner. Close the shades. Yeah. Light a few candles? No, no candles. That's **** [LAUGH] .>> Some incense perhaps? No, no, no, but I'm saying I can read and, I can watch TV. I can go to the movies. Like, I'm so happy. Even by the way, like going out east. You know my, my moms like. Why don't you bring a friend with you? Right? Like, eh,I don't really want to. I'm really happy driving out by myself on Friday. And chilling out. Sometimes I'd go to like my favorite place and just have dinner at the bar. And Jacky will call me and be like hi honey I missed you. Is there a word to describe. Loser? No. Sort of like your individualism. I don't know but it's weird. You're kind of a holiday. You're kind of on this weird sabbatical. Exactly. It's like I almost have license to say no to everybody and do exactly what I want to do all the time. So I don't feel lonely at all. In my perverted mind it's just like, oh she's probably just going out meeting people, getting crazy. Right, no. No, I don't even see like my friends. So I see my sister and brother-in-law and the kids. I see my mother. Oh by the way did I tell you my mother has a boyfriend. Yeah you said something about that. Yeah. So, hm. So I see my mother and and I see like a couple of close friends. But not a lot. So what's fascinating to me is that. People were just, like, you know, I think in the beginning they were, let's go out to dinner. I'd go, hm, okay. And then I would, and we'd go to dinner. Then. Well, maybe you're realizing you have all this freedom. Nice. To, to do nothing. Exactly Yeah. I totally identify with that. I kind of love it. I had that this weekend, she was down for the weekend. She driving up to Maine to visit a friend. Oh so you took ball 4 on that one. No, I wasn't invited, it wasn't even like, you want to come Jeff, it was like walk the dog. Plus probably Maine is the dumbest place in the world for you to. It's so stupid It's pretty. It's pretty but you can't go in the water. Alright, lobster, skiing, picturesque docks and bays You now what it is pretty, it is pretty. A skiing is ok, not great. You have to go west to Vermont. You have to southwest. Well you can go skiing. Find some good places in Maine or New Hampshire. Sure, over mine, but it is still east coast, it is not doing Park City. Sure, sure, sure. So anyway, that is my thing about London. I think I have learned that I like to just, and I have 3 more months of it. That is insane. It is crazy, so I have been there 6 times round trip since May. That is a lot of flying. I am racking up the miles. Good for you, that is excellent. What else is on your mind? Well so you brought this to my attention and I want to like. Bring it back to maybe a subject that mostly every American can relate to. Except you. Except me. But I'm, you know, I'm sacrificing that Oh, that's so sweet. For the benefit of the show. Selfless. I know. I love it. We're gonna talk about football. OK. And you brought this to my attention. I knew about like that whole Ray Rice controversy. Yep. And something else happened today. Okay, so this was yesterday morning, so it was on CBS this morning. Right. And Norah O'Donnell scored an awesome interview. You guys should watch it on TV because Norah O'Donnell interviewed Roger Goodell, who's head of the NFL. He's like the commissioner? He's the commissioner. And he says right on tape, he looks at the camera and he says << We never saw this tape, before today, nobody, she just, really? Nobody? No one, and, to my knowledge. << Yeah, which is, which is as good as saying [CROSSTALK] definitely no. << Yesterday evening, when I was watching Pardon the Interrupt, my, the Interruption on ESPN. << Right. << they, get, they break in and they say, wait a minute. A law enforcement official says he sent this tape. To an official at the NFL in April. Oh man. So five months ago. Five months ago. So ostensibly either Roger [UNKNOWN] lied, or. This is pretty major. It's pretty major. Or, he was running an organization where there was a pretty major league cover-up. Or this law enforcement guy lied about it. [CROSSTALK] [INAUDIBLE] What's the incentive for him to lie? I don't think he lied because I think he's got a voice mail, he has a copy of a voice mail that is acknowledging like, I got the tape. Thanks. It's pretty rough stuff or something like that. Aw, so there's even like confirmation. Okay. So now it's gonna be like. They're gonna have a big, you know, third party investigation. And I think he made like a ridiculous amount of money last year. I do believe that he made like $44 million. Or something crazy. Well that's. That's not surprising. I mean you know, football's very popular. Okay. Understood. So here's what I take away from this. Okay. So, the NFL actually does care if you torture dogs but not women it yeah going by going by what they these patterns have dictated. Right. Yeah you could say that or in the care or if they or if you smoke pot. Evidentially that's the deal killer so what is everybody I talk to all my stations yesterday I've been doing radio stuff what do you want to talk about? What are the financial implications for the NFL? So, what've you been saying? I've been saying, well, I don't know, what do you think? Like, brand damaging. Are you telling me that, like, I'm on the air with Pittsburgh yesterday, and I say, are you kidding me, like, you think that your Pittsburgh fans, who, you know, with those terrible towels. Right. They're not gonna watch. And their very recent Superbowl. Their Steelers. Right? You know, they're not gonna watch the Steelers? It's not gonna change a thing. I think that unless there's like, a nation wide boycott of football, and all the sponsors. Pull out together. Right. It's a amazing, you know, it's like there are other facets, other, other scenarios and, and situations where a sponsor just, you know, pulls it on a whim or like a bad tweet. Yeah, right. You know? And now you have this like, massive colossal potential conspiracy. And every, the balls just continuing to roll. And, and you know, not for nothing. It does not escape anyone's attention. That like CB what do you think our boss is doing? This is the first time that CBS has [UNKNOWN] football. Oh great this breaks right now, on my network. Because you know, so. I mean, I, I like. Look I don't think anyone. In terms of the fans. I really don't think it's going to be more than like a service level. Yeah, and I think it's pretty awful. [CROSSTALK] I mean An issue. It's bad, though. The National Organi-, did you watch the tape? Look, I, just, here's the thing. I, I, I saw the tape because you have no choice. Yeah. Because even if you. You know, open your eyes for ten minutes a day, you're gonna see it somewhere. Right. In an elevator. Right. You know, literally, not, you know, not to make a joke of it. Yeah. But, like, they play it on those screens in there. Yes. And it's everywhere you look. Right. It's insane. I didn't want to see it originally, but then I saw it, and I was obviously horrified. It was terrible. Hm. But it's like. You know, I also, on the other side of this, don't necessarily think that, if I was a diehard, you know, football fan, I'm just gonna relate it to hockey. Like, if this happened in the NHL. Mm-hm. It wouldn't, like, I would probably call for the commissioner's head, but I wouldn't stop watching the sport I love, because one a-hole player in it. Right. Beats, you know. No, what you'd like to think is, that's why I don't think there's a real financial implication. Right. What I'd like to think is that something. Some horrible, it's like every time that there is a dangerous intersection. Right. This is a dangerous intersection. They said, but you know what, you don't want to put up a stop sign. It would really change this traffic flow. It would really be so bad. And then like, something horrible happens. Someone dies. And they'll go oh where's the stop sign. Right, exactly, so like. So we know this has been going for a zillion years. Sure. We know the NFL turns a blind eye to all this stuff. And has been really awful about it. Right. And, you know, somehow we are more concerned about our players doing steroids, which I'm not a fan of myself. Sure, okay. Then whacking the crap out of their girlfriends and then not paying the price for that. I mean, the NFL's not a stranger to. I don't wanna definitively label these things as cover ups but certainly controversy. Yeah. I mean the entire concussion situation is. Oh. Is something that they really looked the other way on. Yep. And there are people, you know, like Drew Brees, didn't Drew Brees say I'm, I would never let my kid play football. Yeah. I mean. This is like the tobacco companies. It really is. It really is, right? It's like this, it's like this. Complete denial of something that is so scientifically irreversible. I know. Ariel, and as we're talking, what would the NFL have to do for them, for like literally people just be like okay, I'm boycotting it. Right. It would have to be that they are somehow linked to a terrorist organization. Yeah. They would like have to be either linked to that. Which Americans would immediately flip out on. Right. Because, what's more American than football? Right. They would literally have to, like, sacrifice, like, animals during the game. Yeah. Right, like, oh, we have a new thing. Like, to celebrate a touchdown. Right, at half-time show. [LAUGH] Like, every time, every time there's a touchdown, we shoot. You know like a lam across the parking lot. [LAUGH] You know like [LAUGH] You know like. That, like that's the only thing I can think of. That's about it. That is about it. But what can they do? I don't know. I, I, I- They basically can do no evil is the point. I know. It, it's crazy, and I, I know I'm in the very small minority of people that a, don't really get football. Like I totally under, I know all the rules. I know why it's. Cool, the people, but I just do not understand the fascination. I understand the culture and the tailgating and the- Yes. [CROSSTALK] Beer drinking. Yes, yes. You know, obsession with it but in terms of like a fun sport to watch. Don't know what the hell you people are doing. Yeah, I think they're, I think it's really is like an excuse to drink for four hours at at time. Totally. And doing it at like, every sports activity. Okay except that there's only like, 40 minutes of play. Oh, dude. There's If that. There's that infamous statistic. Yeah what is it like fifteen minute. Eleven minutes of action. Yeah eleven minutes. It's crazy. And I hate to keep harping on that but it's freaking true. I know. Oh, just separately about, did you hear about that weird story about. The son of an islander killed the ranger. No well he didn't like murder him. Or he's like. Oh right. But he's involved. Contributed. Yeah he's involved in some sort of over dosing scandal. Yeah, that was a weird story. Very weird story that came out. We digress. What else you got. Okay let's bring it back to, to the financial talk for a second. There's two things happening, you did a credit check. Yeah, yesterday I did a credit chat with Experion. I was amazed. It was like, first of all, [LAUGH] But, I, maybe I'm a snob but you know, like you do these web chats and you're like, God, the quality's terrible on these things. Like it's, you know, you're just. You know you're logging into a Google chat. Sure Basically, and it looks so fun. You're just use to the high standard and production value of our fine program. I am. Yes indeed. Hold on, let me lift all the wires- Exactly So that you can see all the duct tape that keeps this show together. I love this touch. Ariel, can we see you in shadow again? Hmph there, [LAUGH] That is high value. [LAUGH] Okay, that's like Emmy Award winning **** [CROSSTALK] I know, it's like being in a closet, poor thing. Mm. It's going to get better. Anyway, this credit chat was interesting because it i, it is amazing to me still just how many people are kind of like emotionally scarred from having debt. Mm. And what it, it's so hard for them to get out of it. And you know, I was in a panel with a few people and I was the person who was sort of like, well once you get out of debt, what should you do? Because I don't really talk that much to people who are up to their eyeballs in credit card debt. Yeah. But I was interested when the, you know, the federal reserve came out and said people were borrowing again. July was a big month of credit card borrowing. And you know it's interesting that it's just like kind of any other habit whether it's working out or it's diet, it really is about people are just immobilized. They can't get to that first step. Yeah. So I, I really think if you've got debt out there and I know that it stinks. Take one step forward and maybe that one step, maybe your one step forward is you're just gonna like look at these accounts and tally up on a piece of paper. Um-hm. Cause most people are just ignoring it, and just tally up where you stand. Right. Just do that. They're afraid of that. Yeah. They're afraid of that truth. That stepping on the scale, right? Yeah, exactly. And, and, and if you just, just one step at a time try to do that, and you can check out this credit check. It, it was, it was a lot of fun, and you just go to my. Twitter feed, I'm thirty Twitter followers away from ten thousand ladies and gentleman, so Did that change since we've been recording? I doubt it, I might have lost some. No, you're still, you're sitting pretty at 9,970. 9,970. Anyway, go to check out the, check the. The chat. - Okay- But it was cool and it was interesting because I had just yesterday morning I was on CBS this morning and we did a big segment called back to school with your money because they, you know. We were just talking like brainstorming and I said you know. When I was a financial planner 100 years ago what would happen is you would literally stop doing business like, June, July, and August because people weren't in the mood to talk about. Your finances. You get that, right? I wanna take a break! It's the summer! Get back to September, your kids are now, they're back at school, you're in your routine, everything's cool. Now refocus. What are you gonna do? And you know we've talked about this before. I always say, there's the big financial three. The big three things that every single person, if you do it, you're gonna feel so much better. So if you have zero debt. I know that's hard, might have some Like everyone's got something. Well not zero, You have some sort of Not, not, not mortgage Right. but zero consumer debt. Right. So zero credit card and auto loan. Okay. Would be like. And really credit card because most people who have auto loans have pretty cheap loans now. Right. You're talking about it, just like financing a lease. Yeah. Yeah. So, but credit card debt, like zero that out. And if you wanna know how to zero that out. You gotta track how much money is coming in and going out. Right. And you gotta find the money, like where am I spending money that's dopey Yeah. That I can just redirect to that [INAUDIBLE] It's funny, we, we were talking about this with Mark earlier today. And he's like you ever do one of those like financial reports from your credit card to find out what you're spending the most money on? Yeah. And I'm like, yeah I've done it a few times. You know, it's always Amazon. [LAUGH] [INAUDIBLE] amount of money. Yeah, exactly. For you it's like Amazon and whatever << One other category, like- << In like, hockey equipment, or whatever it is. << Yeah, exactly. << Or whatever it is. And he's like, dude, I buy so much food. I'm like, yeah dude you gotta stop going out every night. << Yes. << You gotta, you gotta, like make lunch. << But that's the thing, remember, that was the whole thing I had with Justin- << Yeah. << Where I, I. << Yeah, that was his great epiphany too. << Right. I was like, dude you're spending like, you go out all the time. It's just, just bring lunch twice a week- << Yeah. << And you're gonna free up 50 bucks. << Yeah. Right? For sure, yeah. And so, that, that very small move, like tracking. Or even, like you said, go to your credit card company, look at the categories you're spending on, Exactly. right? Just do that. And you're going to see that you'll free that money up. So it's zero credit card debt. And then the emergency reserve, so by the way. So I go on the air yesterday, and I say, they say, how much do you have in your emergency reserve? And I said six to 12 months. And they were like, what? Okay six to 12 months of your expenses, why? Why is it that much? Because if you lose your job, or something bad happens. It's not so easy just to find a job. Of course, it's, it might take you that long. It might take you six months, so you, that's why you want to have it, and And they're, like, shut up Jill. Yeah, yeah, exactly. So, okay, I got barraged by people who sent me, like, hate tweets, because they were like, how can I do that, and the, you're, you know, this is, this is impossible unless we get living wages. I'm like, look. I'm just giving you the advice. I'm like the doctor who says you know what, don't smoke. Right. And you're telling me you're addicted. Right it's like Like, I can't help you. But you also sympathize Yeah, of course. with how hard it probably is for someone who Of course. wastes like 40 grand a year to do that. Look, you know, Gale King says like oh my God, that's so hard. I'm like it's aspirational Yeah. You're trying, that's what you're trying to get. It's a goal. It's a goal. And your third goal is to start using your retirement plan and eventually maxing it out. That's it. Those three things. If you do that, you really are on the right track. So it's sort of like I've given you more than that. Because I'm telling you you gotta track your finances, pay down your debt, you gotta have your emergency reserve fund, you gotta max out your retirement account. And I'm gonna put like one more thing in there. If you're married, and if you have a, you know, if you have, if you're the primary wage earner, and you have a kid. Yeah. You know, you really have to be looking into, like, bad what-if scenarios. Sure. And that means you gotta have a will. Yeah. And, if you have kids, you probably really are gonna need life insurance. Right. And that's, you don't need expensive life insurance, you need cheap term life insurance, but you gotta think. And I'll never forget, I have a funny story. A client of mine who used to ride a motorcycle. He was a super cool guy. And he had four kids. And, he had insurance on his life. And so, I said to him, I said y'know I think your wife needs some insurance. He goes like, what do you mean, she doesn't make any money she's at home with the kids. I said. You mean the wife who rides on the back of your motorcycle, right? Yeah. Yeah. He says yeah. Okay, just play this out with me for a second. God forbid something happened and she were to drop dead tomorrow. Yeah. Tell me who's taking care of those four kids for you. Right. You're gonna like hire Mary Poppins, and that's gonna cost money. Or, you're gonna work less, and that means you're gonna earn less. So her life is actually worth something. Oh of course. He like fought me on it and then I had to like prove to him mathematically what a devastating effect his wife's death would have on him financially. You had to like dumb it down to the point where like. You're stick figure. Yes, exactly. [INAUDIBLE] many numbers. That's right, exactly. That's so sad, but whatever. However the analogy needs to work. However we get it done. So if, and if you are going to have kids, you really need to be looking at this, term life insurance. There's a great website called LifeHappens.org. Lifehappens.org. I'm going to write that Write that down. down for a post today. And the reason why I like this site is that if you go to lifehappens.org, you can run a needs analysis. You can put all of the info about your personal situation in and it will spit it back. Here's how much insurance you need. . Right. That's smart. And then go with a term policy. It's good for 20 years. It's good for, whatever. And that's at cheap. When you're young it's super cheap. Yeah. And, I, you know, I always think it's funny, because people are like, what if I don't need it? Oh how terrible! You didn't die in the first 20 years of your kid's life. And how much were the premiums? Just hundreds of dollars, for someone like you. Yeah. I have a feeling you're about to tell me something important. No. That's why you need life insurance. No, no, no. No come on. [LAUGH] I was actually going to like misdirect the whole thing and like put, put like unnecessary heat on on [UNKNOWN] and be like yeah that kids going to have a kid soon. But I tried for you first. You tried for me. I did. I mean yeah you know. I want to be an aunt. I can't say. Don't we all. I can't say. It's not going to happen. It's probably going to happen. Where did we have this conversation? When I was doing something, oh I remember. Because remember I did that CBS hit and someone said Aunt Jill is on CTM right? Yeah. And it was the segment about how much, how expensive it was to have a kid. Like a quarter a million dollars. No I would not. People were taking it. Basically giving people this horror story. No! Because it was like, good lord, it's so much money. It is a lot. It is, it is a lot. You know. Okay, so it's like it, by the way it's $245,000. Oh for [CROSSTALK] Age zero to 17. To 17. Not college. Not including college. SO with colleges its past 9. So we had this exchange where I was like. Oh yeah. Remember and I said I want to be, I want to be Great Aunt Jill? Oh right yeah I'm sure you're looking forward to that day, so if you're my aunt, so this I'm a great aunt. this non existent back large Right I'm happy to do that. Fair enough. I'll be there at the Bris? Woah. Oh. First of all. No Bris. Yeah, even if it's a dude, you know. [LAUGH] Yeah, we, that, that would not happen. No Bris, okay. Yeah. But I, I, no, it looked like I was trying to ask you tell you something serious. It just occurred to me, while you were talking, about you have all this advice to give. Yes. Right? And you've done it for so long. Yes. You've come on our show for like six years and you've done this. Yes. And you're always on CBS This Morning, you are, you have your own radio show, what about you? What about me? Have you ever been in debt, or like, has anything bad happened to you? Oh, financially, I've lost like craploads of money on an investment or something. Right, but like, what, have you ever, in your life. Being the professional slash expert that you are. Have you ever been like, oh crap. I'm that guy right now. Well here's what I've done. I've made stupid business decisions. i've gotten into deals with people I never should have gotten into. I was, and almost like you know it going in. It's like a bad relationship kinda. Hindsight's one thing but if you have like No. But like, you, like, you know what'll happen, like when you got into a, like, when you're in a relationship with someone and you're like, I can that person this. Yeah. Like, it'll be better with me. Yeah. That may be true for a short period of time but eventually it kinda bites you in the tush? Sure. So that can happen. First of all, I'm a child of privilege, so I'd never. And that's like the God's honest truth. You were born with a silver spoon in your mouth. I, not a silver spoon, but I had a family that had- It was stainless steel. [LAUGH] Money, and and I never worried that if something, if, if I lost every dime I ever made- Right. That I was gonna be out on the. The street. That's a different feeling for people. No, that's, you're lucky, you're lucky. You know, so I'm very lucky and I always knew that and I had a family that would always be there for me and I think- Oh, man. This, okay, so this is basically, like, using, like, I, you know, you're, you're an expert that really never had to deal with- No, I mean, look, I graduated from college and my father never gave me another dime. Okay. So, I think there's something to be said for that. So my parents were not, I think my mother would've but my father was like, eh, I don't think so. And so, I had never, everything that I have in my life today. Is yours. Is mine. Yeah. And, my sister is the same way, and we're very responsible about our money. We had college paid for, so that was a huge leg up. Yeah. To graduate without debt. I really believe, like, if you are somehow lucky enough to have that going for you. Yeah. It's big. It's, it's, it's tough to, to. That's a big deal. To bail out of. It really is. And so, I think that I had that, and, I had. Parents who work. I knew were there. Yeah I like had some bad things happen to me. But they're more about a business deal that I thought would have gone one way. And went another way. Got ya. That's my big thing. So, there it is we all make dumb mistakes. You know that's the book I'm writing. We all make dumb mistakes? Very close. Story of my life. [LAUGH] It's called It's, it may not be. Let me tell you. How do you feel about this title? Okay. So this is real? Yeah, yeah, yeah. It's like, the proposal's almost done. Okay. The it's basically called The Dumb Things that Smart People Do With their Money. I like that. And it could be like the [UNKNOWN] you know, the 10 Things, the 12 Things, the 15 Things. Sure. But I think we all do stupid things with our money. Right. And it, there's no judgement. That'll resonate, though. I just don't, here's my thing. You know, I really don't like most of the personal financial people out there, because I think they're judgemental, there's the finger wagging. They have, like, almost like a religious zealotry to them, and it makes me uncomfortable. They're super self-righteous. Yeah, and I don't dig that. I really am all about like, you know what. Everyone screws up. We all **** up. Right. We are none of us like. Are perfect. Of course. Perfect. And so. Let's just deal with what we can deal with and move on. So that's kind of how I approach the world. And even with myself like I can be real- Well there's like humility built into the title. Exactly. Like we're just gonna, we're gonna go there, you know? All right. By the way. Before we finish. Yeah. This week's radio show this weekend. A guy calls in, he's got a oh, he says you know, I'm in a strange situation. Strange situation? Yeah. Yeah, what was his situation? He won the lottery. Shut up. Wait, for like a Power Ball? Not a Power Ball, but a state lottery, which was $127 million. Shut up. Which is after tax, blah, blah, blah, lump sum. He had six, a check for $65 million. Oh my God. So you gotta listen this weekend. Wow that's wacky. 65 million. What do you, do you go to the bank? It's so awesome because you know what? I had a client who won the lottery once. Yeah. So I learned a lot about this. 60, 60. Six five. I, it's just like. He hadn't told his kids yet. Oh what a ****. He's just having fun though. It sounds like. He's just like kind of letting it sink in. I think he's like freaked out. Yeah, how long, how, how long after? It's like, within days. Oh my God. But how about that he called it. I would, I would be like scared to call and be like, someone's gonna figure out [CROSSTALK] I know, so my producer's like this guy. He like sends me a note. He's like, okay, this guy, he's either like the best caller we've ever had, or a complete wacko. Yeah, yeah. He could be. Yeah, but it, it seemed legit? Yeah. It really did. Unreal! Unreal! It was super cool. So what did you say to him. I don't want to spoil it. Well, let's not spoil it, but because we want as many downloads as possible. Of course. I'm not monetizing this, I don't know why I care. It's just like a numbers game for me. It's just a competition. Speaking of competition numbers games. Look at all the ads on that site. Oh wait, there's not. Speaking of numbers games and competitions, you are 30. followers away from 10,000. Right. Let's help Jill get to 10k. Follow Jill on Twitter @jillonmoney. Right, let's do that. And if you're feeling über generous, do yourself a favor and follow us on Twitter. We're @the404, and we're about 100 followers away from 10,000. Right, it's so close. It's so close now. We should have a 20,000 party for both of us. Right we're a little self deprecating when it comes to the Twitter because you know we've been around for a while and like we you know we just don't have like a huge gigantic Twitter presence. I know. 10,000's a big milestone I think. I think so. I think. I feel really scared that as soon as you go to 10,000 you lose 25 people and then you start all over again. Well no that would. That's a drag. But like. I don't know it's, nothing will change when you hit it. No it will not. Maybe a little bit of a psychological perception perhaps. Yes like 10,000 in the market. I remember when the dow went about 10,000 the first time. It's a nice milestone to hit. So, looks like we're both going to do that very soon. So I don't know who will do it first. I'm pretty sure you will. Well I don't know. We'll see. Pretty sure. You have 30. We have 100 to go. Okay. But, what did you say? When we hit when, when, when you hit it? We're gonna go, we're gonna [CROSSTALK] When I hit 10,000 I will take you and Arial and Justin. Right. Cuz I can't leave him out in the cold just cuz you have. Oh my god [LAUGHS] That is, that is We'll go out and have a nice lunch down here. Maybe go to that barbecue place, I like that place. All right, and then, what do, now we have to- When you hit 10,000 you don't have to do anything, I'll buy you again. That sounds like the greatest deal I've ever heard. See, when, just you know when you have your aunt, she takes care of you. Yeah, she does. Like Auntie Mame, do you get that reference? no. Mm. It's a Broadway show, that's why. And that's about all the time we've got here so, By the way gang, say goodby to Jill's 4. I can't believe you have an Goodbye. an iPhone 4. Look how thick it is. It looks like a deck of cards. I'm very excited for my 6. You should be, you should get a 6. I'm not getting the bigger version. Yeah. Every kind of almost odd. It's large. It's like the size of my phone if you want some kind of like, size comparison. Wait, that's the, the, that's the bigger one. Yeah, this is basically like the size of that. All right. It's very big, you should get the regular 6. I will be going online tomorrow at the Apple store. Store and doing it right away. Tempis Fugit. Yeah. Time flies. What time do you think that they will like, do you think that they'll be like midnight tonight? Yeah I think so. If you go to CNET we have like a guide on how to preorder. Excellent. OK. Because what I'm [CROSSTALK] going to do is I'm going to go do, so wait by the way. Yeah. So, get that, I have to do that after, but I have an AT&T contract. I'm out of contracts. But I should just buy the phone outright and not worry about it. No. No. Do the contract again? You're not going to be happy with how much the phone cost. It's 600? It's at least 600. Don't do that. Don't ever do that. Okay. Or your carrier. Eh, I can't deal with that. Att is better for me because of the international. Well t mobile is free wherever you go. They're going to be out of business in five days maybe. Dude they had the best month ever in August. You what they gave everyth, everything away. That's okay. I, I, I don't know. I'm, I'm kinda like a fan of what T-Mobile's trying to do. I get that. It's survival man. Yeah. It's like Radio Shack came out with their earnings today. Oh my God. It's bad? Stock, well the stock's trading at a dollar. Hm. First of all. That's affordable. [LAUGH] And so let me just say that you could buy a lot more of Radio, Radio Shack's stock than people are buying in their stores. Yeah. That's. That's an upset. Anyways, this has been fabulous. I, I, Yeah, this has been a great show. I know that this is not your ideal studio, but it's been fun for me. Okay, so you're just enjoying- I'm thinking about. I just like it- like our misfortunes? No, no, it's not that. But it's, it's- It's, it's a weird thing we got going on, you know. Yeah. It, you know, we, I've been very vocal in our subreddit. We have a subreddit and people comment and they're like, you know the show's. And has been off, I think. Since Eis joined, it's been very good and I think myself and Ario would agree to that, right? Yeah. Right, dude. Sure. Like, like, we've been doing it. Right. And some people were like, oh, the new studio's like makes things weird, contemporary space. Oh. I don't know, I, just, you know, Think of it as not weird. Just think it's different. [CROSSTALK] And ultimately, the takeaway is that it's temporary. It is temporary. And, ultimately, I'm just excited to see where things go and this next. Four to, eight weeks, however long it takes us to get back in that new thing. You know, it'll, it'll be rad, for, [INAUDIBLE] All right, well I'll come back in October and maybe after my. Yeah, so we'll have you in here one more time and then we'll be in the new studio. All right. Sounds good? Then we're gonna do our year end, well maybe do October for employee benefits enrollment. Okay. That's a good time. Oh, that's smart cuz that's when all the things are- Right. Great. And then we'll do a little year end planning. And then, of course, any time in between. Make sure you listen to the radio show as well. Yeah. Go to Jill On Money.com for the information. Right on. Follow on Twitter @JillOnMoney. Thank you so much always a pleasure you got it. You got it. I don't do air kisses anymore it's just a thing no offense. Really, how about just real lip locking? Actual oh god. They seem totally kidding. My god, You're blushing! It's just a strange thing to say, While you're doing your. I do have this like, older woman thing, Really? Anyway 866-404. CNET, follow us on Facebook, instagram, twitter, and join the sub-Reddit, participate in that conversation. We're back here tomorrow, Iaz is back, that's gonna do it for us until next time, I'm Jeff Backala. And I'm aunt Jill. I'm Mario Munes. This has been the 404 show high tech, low brow, we'll see you tomorrow. [MUSIC]