Episode Transcript
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Speaker 1 (00:07):
You're listening to the Saturday Morning with Jack team podcast
from News Talks A B.
Speaker 2 (00:13):
Jack, I would buy a big V eight ram and
then put a save the Planet sticker on the tail.
Speaker 3 (00:20):
Jack.
Speaker 2 (00:20):
The sensible thing to do is to invest the lot
and then live off the interest. Only you never touch
the principle you buy everything and on interest and then
share it with the family. Okay, so fifty million a year, yeah, okay,
you would probably you'd make you do pretty well out
of that. Ah, you do, you do very well out
of that. Indeed, what two hundred thousand dollars a year,
(00:42):
say four percent interest? You can get tax on that
a little bit, but surely that's more than most of
us need to get by thirty two ninety two is
the text number. I know that Kevin Miller will have
a lot of thoughts on this, given your experience Kevin
meeting lotto winners. A.
Speaker 3 (00:55):
Yes, yeah, I made a TV show about this, and
as I've already told you on this, and it was
a real eye opener. Really, how many problems emerge if
you win a hell of a lot of money? I mean, obviously,
if you're smart and you can manage it all, it's
pretty good. But lotto doesn't look at potential winners and say, well,
(01:17):
I think this person could could handle it well, And
often that huge amounts of money ends up with people
who have nothing like the skills to be able to
deal with it. A couple of things I would say
right at the start, you said that you'd we're talking
about how many people you tell. If you could tell
only your partner and not even your kids, I'd recommend it,
(01:41):
really because your kids will sell people. And the other
thing is there are really critical things in terms say
you win fifty million, obviously you're going to sell out
your house and look for somewhere that you've always wanted
to go to. But what happens when your wife has
(02:02):
always wanted to go into the country and have horses
and I'm not no, and you want to go to
the beach and like you've outlined a certain peach.
Speaker 2 (02:15):
Yeah, well, I mean it's the first world problem, isn't it?
But I can see how that actually, all of a
sudden having more options on the table can lead to
a few issues on that department.
Speaker 3 (02:25):
Yeah. Oh, the key one that relationships would be does
your wife, does your partner? Does your partner or is
your partner living with you because of the financial situation,
which you've now sorted out.
Speaker 2 (02:41):
Yeah.
Speaker 3 (02:43):
Now you might say, well that's pretty hard, all the more.
Speaker 2 (02:45):
Reason for me I take it.
Speaker 1 (02:47):
Yeah.
Speaker 3 (02:47):
Yeah, people give them the option to actually get up
and leave their partner because they've now got an endless
amount of money, like twenty five million. Yeah, it could
be the end of it.
Speaker 2 (03:00):
Yeah, Well, there's a cheery night to kick us off,
as everyone heeds out tickets, So.
Speaker 3 (03:06):
I've got an event cheerier though.
Speaker 2 (03:07):
No, you do because you finally went on a cardio
resuscitation a CPR course last week.
Speaker 3 (03:13):
Actually, I went on. I've been wanting to do this
for a hell of a long time at the age
of seventy five. To finally get there, I found it
absolutely riveting. It was unsettling, actually to find out how
much critical information I didn't know about cardiac arrest. I
didn't even realize that there was a difference between cardiac
(03:33):
arrest and a heart attack. I thought they were much
the same thing, but how you deal with each is
so different. I didn't realize cardiac arrest was so dangerous.
Ninety percent of people with cardiac arrests don't survive ninety percent.
I didn't realize that you have around ten minutes to
(03:54):
get oxygen to the brain of someone with cardiac arrest
before damage sets in. For every minute that passes without CPR,
the chance of survival decreased by now. I repeat, we're
not talking here about heart attacks. We're talking about cardiac arrests.
That's when someone suffers a malfunction in their heart's electrical system,
(04:18):
causing unconsciousness and also loss of heartbeat and pulse. That's
why it's so critical someone gets to an ambulance and
gets on with resuscitation. If somebody's got cardiac arrests. And
here's something else I didn't know. Mouth to mouth is
no longer part of that initial resuscitation. These courses don't
(04:38):
have you blowing in the mouth or the nose of
a one of those little mannequin less. It's about using
one hand on top of the other and weighing down
as how as you can on the patient's chest, pushing
their ribs up and up and down around about five
centimeters they suggest, which is pretty vigorous. Yes, this can break,
but no one that your say is going to care.
(05:00):
Of course, you're less vigorous on babies and children, And
one final thing I didn't know. People who've done and
approved CBR course can register on a responder app which
alerts them to suspected cardiac arrests in their neighborhood. They
can dash over and assist before emergency services arrived. I
(05:23):
think that's terrific. I'd never heard of it. Yeah, I
recommend listeners take the time to do a CBR course.
Mine took just two hours out of a day.
Speaker 2 (05:32):
Jack. Yeah, this hans such a good thing to do, Kevin,
and you feel really well equipped as a result. Hey,
I haven't done one in years actually, and like you
say that, the sort of advice has changed in recent years,
so I think, yeah, that's a good little hurry up.
Speaker 3 (05:45):
Actually, I think it's I think that whole mouth and
mouthing was a bit off putting and in some respects,
and so now it's much more straightforward. Yeah, it's very physical.
I mean, at my age and fitness, i'd be wanting
somebody else to be there, hopefully to sort of take
up the pushing and stuff, you know, after about a
(06:06):
couple of minute.
Speaker 2 (06:06):
Yeah, I mean people do, like people break a reb
or break a sternum or something like that from time
to time, don't they It's it can be pretty vigorous,
but I mean that can be the difference between life
and death. So it's a really good point. Thank you, Kevin,
and thanks for your feedback. Said this is the problem. Never
do math live on air. I do it on Q
and A sometimes. What did I say, four percent of
fifty million is two hundred thousand? No it's not, Jack,
(06:28):
it's two million. Thank you for the math. Geeks have
immediately pointed out the problem. Am I arithmetically? Yeah, this
is the problem. I cannot conceptualize fifty million dollars right,
five million dollars okay, I can maybe kind of get
a rough conception of how much that would be, but
fifty million, who Jack, I wouldn't give the money to
charity in bulk. I would invest it and then you
donate the interest to charity so that the base is
(06:50):
never eroded. That way, as my interest change, I could
change what I helped to fund. It would give me
a reason to be really invested, not just in a
financial sense, but in a broader sense in what charities
are doing and achieving. Yeah, that's a good point, Jack.
With that kind of money you could probably afford to
buy us some really nice, big established trees. That's true.
And here's Scotty. I'm not going to read out Scotty's
(07:12):
cell phone number on here, but I am going to
make sure that I write it down because Scotti says this, Jack,
I have three tickets. I'll give you one go halves
if we win. Cheers. Sounds good to me, sounds excellent
to me.
Speaker 1 (07:23):
For more from Saturday Morning with Jack Tame, listen live
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