November 3, 2024 • 24 mins
In this episode, Jim discusses the election and who has the edge on Tuesday, why are so many restaurants closing?, why mortgage rates are going up after the Fed cut, another named storm tracking towards Florida, and why now might be the best time to buy a plane ticket to Europe.
Become a supporter of this podcast: https://www.spreaker.com/podcast/jim-paris-live-james-l-paris--6441544/support.
Become a supporter of this podcast: https://www.spreaker.com/podcast/jim-paris-live-james-l-paris--6441544/support.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:06):
Gentlemen, start your engines. All right, you're talking about mister
Grolbokoff teared down this one.
Speaker 2 (00:16):
The only thing we have to bear.
Speaker 1 (00:21):
Spare it. So by not crop. If you like your
healthcare plan, you will be on to keep your health
care plan.
Speaker 2 (00:30):
Ye, thank by? Are three fine fire.
Speaker 1 (00:43):
You're listening to Jim Paris Live. Your source for the
latest news on money's politics, prophecy, and preparedness. And now
your host is the editor in chief of Christian Money
dot Com and the author of more than thirty books.
Speaker 2 (00:56):
Jim Paris all right, hello everybody, and welcome to the broadcast.
Great to have you with us. Well, what's been going on? So?
I have been really sick over the last three or
four weeks. I don't know if it was COVID. I'm
guessing it probably was, but got a cold that just
(01:17):
didn't go away and just got worse and worse. And
then at the same time we're going through these hurricanes.
So this latest hurricane Milton, it was like I was
getting sick about two or three days before the hurricane.
So the last three or four weeks has been really crazy.
I've had super low energy. I have not had the
(01:41):
voice to be able to come on and do a broadcast,
but I am back, so a lot is going on
right now right We even have another possible storm right
now out there. It's going to be called Raphael once
it gets a name. And I'm looking at all these
so called spaghetti models and they're mostly going to Florida,
(02:03):
but it doesn't look like it's going to be anything big.
So maybe they're saying it could become a Category one storm.
But here's the problem. Even if it is a very
minor storm, we still have all of this debris in
the streets. They're saying around here in our area. And
(02:23):
we were not hit anywhere near as badly as the
people on the West Coast, but they're saying around in
our area it might be another month to two months
before all the debris is picked up. So you've got
all this garbage on the street that becomes projectiles once
the storm comes in. So even if it's a mild storm,
(02:45):
there's still a chance we could have some issues. And
for those that are interested, the enrollment is still open
for the trip to Ireland, So if you're interested in that,
the best way to find out more and get linked
to the website that has all the details with the
pricing and the payment plan and the dates and all
of that is to just send me a quick email
(03:07):
and you can send that to James L. Paris at
gmail dot com. That's my best email that goes directly
to my phone. That way you get a quick answer,
James Lparis at gmail dot com. You left to excuse
a little bit of a throat clearing on this episode.
I'm on the tail end of this cold and feeling
(03:27):
like I'm over it, but just still just a little
bit hanging on there. So Tuesday is the election. We've
got two days before this thing wraps up, and I
am hoping, really hoping and praying that Trump decisively wins,
that it is a landslide and there's no delay. But
(03:48):
we have the Fox News decision desk saying that we
may not know for five days who the winner is.
I just can't imagine what that would do to the
country if we couldn't know for five days, or if
there are any shenanigans going on, or any hints of
(04:08):
impropriety going on. I think it's just going to be
best if it's just a clear cut win, and that's
what I am hoping and praying for it. Is interesting though,
to see how many people have already voted in my
county where I live here in northeast Florida, in Flagler County, Florida,
(04:29):
more than half have already voted, which is really unprecedented.
I love this early voting. I don't know why this
isn't just every you know, every election should have this,
and I think it's just becoming more and more the standard.
And why not start it, you know, way out in advance.
(04:50):
Why not give people thirty days of early voting. I mean,
if you're on decided at this point, I don't know
what to do about you. I mean, if you're so
somebody right now that still can't decide, if you don't
have a clear idea of who you want to go
with at this point, I'm not so sure there's any hope.
But it is interesting to watch all of the speculation
(05:14):
and people trying to look at the trends and the polls,
and even the betting odds. I think the betting odds
are fascinating because how better to gauge things than to
look at the betting markets, like where people are actually
putting up millions upon millions of dollars to bet on
(05:35):
one candidate over the other, and Trump is favored sixty
forty to win in the betting odds. And that's what
I'm looking at. The betting odds seem to tell the story.
And what I find so interesting about the betting odds
is they have a number of sites now where they're
(05:56):
kind of averaging all of the major betting sites together
and showing you kind of an aggregate, and they're putting
this in charts and graphs. And the interesting thing about
the betting odds, you know, showing Trump as the winner
sixty percent likely that Trump will win, is it looks
(06:16):
like in the last say week to ten days in
these charts, Trump really pulled away. So you might have thought, well,
it was decided one way or the other, you know,
weeks ago or months ago, but really not the case.
You know, the things that Trump did at the very end,
you know, working that day at McDonald's which was brilliant,
(06:40):
taking advantage of the Biden garbage remark, and going out
riding around in a garbage truck, going on the Joe
Rogan podcast. Things that Trump did in the final days
of the election really propelled him, and it really looks
like he is pulling away. It absolutely looks like that.
(07:04):
So excited and a little bit nervous about what's gonna
happen here this week. Also, if you don't follow me
on Facebook, I forgot to mention this at the open.
Something that's going on with me personally, in addition to
having been sick for three weeks is I just started
my master's degree. And I have always had this dream,
(07:26):
this idea of teaching at the college level, preferably at
a Christian college or university, and I wanted to get
my master's degree so that I might have a chance
to do that. And the idea is that, you know,
during my retirement years. I'm going to be sixty years
old in January, so you know, I'm hoping that during
(07:48):
my retirement years that there is an opportunity for me
to be a college professor. And that might mean in
addition to the masters, I may have to go and
get a PhD, which I might also do so, but
in any case, that's something else going on. It's keeping
me busy, keeping me excited and moving forward. So the
(08:09):
restaurant industry, I'm just so fascinated by this. I saw
a story that in the Kansas City area, like several
dozen apple Bees just did not open up the next day.
This happened this week. I think it was like fifty
apple Bee's locations just suddenly closed. Not even the workers
(08:31):
didn't even know. They showed up to work and the
place was closed. Craziness. And then Wendy's is closing one
hundred and forty locations, tgif TGI Fridays is going bankrupt,
and the story, you know it, True Value Hardware is bankrupt.
(08:54):
All of these you know, retailers and restaurants, and here
in my area just loc the number of restaurants that
are going out of business, it is unbelievable when you
just I mean, some of these are family owned and
operated restaurants that have been around for decades in popular
(09:16):
locations like in Saint Augustine in the downtown historic area.
Some of these long time anchor, you know type restaurants
that were open seven days a week. Anytime you walk past,
they were busy closing down. And I'm really scratching my head,
you know, what is going on with restaurants? And so
(09:37):
I've asked people about this, and there's a lot of
different opinions on it. And I think it's a combination
of a lot of things. I think the cost for
operating a restaurant has gone up so much that it's
making it nearly impossible to, you know, have a profit
at the end of the month. And it's not only
(09:58):
the cost of labor, it's the cost of food, but
it's the cost of rent at your location, the cost
of insurance, just everything related to operating a restaurant has
gone up. And at the same time, your customer cannot
afford to pay more. So the restaurant owners kind of
(10:20):
in this spot, you know, between a rock and a
hard place. They have to raise prices because if they don't,
they're guaranteeing that they're going to lose money. So they
make the tough choice to raise prices and then they
drive away customers. And more and more people have just
decided that with as bad as the economy is, as
(10:43):
expensive as gas and groceries and rent and insurance and
just the you know, everyday cost of living, that you
know what, eating out is something we can do without.
That's a way we can we can skip something to
save money to try and make it through the month
as a family, and eating out is something we can
do without. So we're seeing that. But it's kind of
(11:07):
you know, you pick and choose, right because I go
to Starbucks a lot, and I know you get a
lot of criticism for that because Starbucks is a liberal
outfit and all that, but it's right here by my house.
I've been going to this same location for maybe thirteen
or fourteen years now, and just kind of where I go.
I bring my computer. I do a lot of work
(11:27):
from Starbucks, and I know everybody there. I always say
it's my Cheers bar. But as much as you see
the restaurants dying, people are still buying those five and
six dollars fancy drinks at Starbucks. So I guess it's just,
you know, you choose what you want to spend your
money on. But these wholesale clubs, like we've got this
(11:49):
bj BJ's Wholesale Club now here in Palm Coast and
it is really popular. I'm a member of it, and
I love it because I can go in there and
get a lot of things like meat, for example, like
for half price what I would pay at Publics, which
is closer to my house here. So people are trying
(12:10):
to find ways to save money and it's just the inflation.
But it is interesting to see what's happening in the
restaurant industry and you just wonder, you know, is it
ever going to recover? Are are we ever going to
see these restaurants come back again? And at the same time,
I have some relatives that eat out frequently, and they're
(12:32):
telling me about these different deals where if you go
in at a certain time, like I think Chili's has
some kind of a ten dollars deal, and I think
Texas Roadhouse has some kind of a deal before five o'clock.
So apparently there are ways of getting good prices, but
(12:53):
you've got to kind of know the system, and a
lot of restaurants are adjusting, offering these kind of value
windows of time and certain value meals to try and
still keep people, you know, coming in. But it'll be
interesting to see what happens this holiday season. Even if
(13:14):
Trump does win, obviously he's not going to be in
office until next year, and obviously we still have a
horrible economy and Trump's not going to be able to
turn the economy around right away anyway. It's going to
take time. So you just wonder what's going to happen
at Christmas. It seems like people always find a way
to come up with money at Christmas, and you always
(13:35):
see those statistics. You know, Black Friday is the biggest
ever and it was bigger than the year before, and
you always, you know, seem to expect that somehow, some
way people are going to be able to get money
to be able to still have a big Christmas. I
really have no plans for Christmas. I am a single man,
plan to stay single, and my plans for the holidays
(13:59):
are to work. I've got my master's degree to keep
me busy and work that I'm doing, and that's what
I'm going to be doing. So I plan to spend
very little, if anything around the holidays. In fact, I
plan to make a little bit more money because I'm
playing with my band and we're getting some pretty good
(14:19):
money for some of the shows that we're playing around
the holidays. So I've got that my master's degree and
this podcast and my writing and everything else that's going on.
So if you're somebody though, that is looking for some
extra money at Christmas, I want to really ask you
to take another look at this opportunity that we've created
for you. And I have twelve free videos available. All
(14:41):
you've got to do is go to the website reelpicks
dot us R E A L. Reel Picks, p I
c S reelpicks dot Us. There's twelve videos there explaining
exactly what we're doing, and it is such a neat
little side gig that you can do. And what we're
doing is we're taking pictures for banks, mortgage companies, insurance companies,
(15:08):
property managers. And sometimes it's as simple as you pull
up in front of a house, you get out of
the car, you take five pictures from the street, and
you just got paid twenty to thirty bucks. It gets
paid right into your bank account or PayPal, either the
same day or the next morning. And these are for
all different reasons. You've got Sometimes insurance claims. Sometimes a
(15:31):
person might be refinancing and the bank wants to see
some pictures. Sometimes it's a rental property and it might
be a corporate owner that's out of state. They just
want to take a peek and look at it. Sometimes
there is maybe like in the case of the hurricanes,
just kind of a wellness check on the house. They
want to see was the house damaged at all from
the storm? So I've been paid, you know, anywhere from
(15:54):
twenty to thirty dollars from some of these gigs too,
as much as two hundred and fifty dollars for you know,
one big assignment that I did. And you can do
this totally part time. And if you're somebody that is
licensed in real estate, there's even more opportunities for you
(16:14):
than there is for just anyone else. And anyway, if
you'd like to find out more about it, there are
twelve free videos to check it out. You don't need
any special equipment. It takes no money to get started.
You're just using your smartphone and my training takes you
through the whole process of getting set up to be
able to start getting paid to take these pictures. Check
(16:34):
it out today real picks dot us, reelpicks dot us.
All right, so what is going on with mortgage rates?
I had some clients that were they got started with
me to do a refinance. It was about two months ago,
and they called me about three or four days after
(16:55):
we got the ball rolling and they said, you know what,
we've decided we want to wait because we think rates
are gonna come down, you know, after the Federal Reserve
meets and this and that, and the election. We think
rates are gonna come down, so we put it on hold,
and they called me up. What was it two days ago?
And they asked me, hey, so maybe we should refinance now.
(17:15):
Maybe rates are a lot better than when we talked
to you a few weeks back. And the truth is
they that they're higher now, which is confusing to a
lot of people. So a lot of people saw the
Federal Reserve meeting in September I believe it was September eighteenth,
and they saw that the Fed, you know, cut rates
by half a point, and people got all excited and said, Wow,
(17:38):
that means we're gonna we're gonna see you know, rates
across the board, you know, go down better mortgage rates,
better credit card rates, better auto loan rates. Not the case.
One of the things that is hard for a lot
of people to grasp is that mortgage rates are really
based on the ten year Treasury bond yield of the
(18:00):
ten year Treasury bond, So you can have it happen
where short term rates, which is the Fed funds rate.
This is the rate at which the Fed loans money
to banks overnight, or that banks loan money to each
other overnight that rate was cut, and in some cases
that would ripple through all other rates, but it hasn't
(18:23):
this time. In fact, rates are higher now today than
they were before the FED rate cut. So it's confusing
for a lot of people and they're not really sure.
You know, what do I do about this? Obviously, get
in touch with me. I can do a little quick,
you know, ten to fifteen minute phone call, and I
(18:44):
can set up a notification in my computer so that
I can know to get in touch with you based
on your situation when rates reach a certain point. The
other thing that is really really popular right now because
people have really decided that they have to wait. They're
gonna have to wait a few months, maybe even a
(19:04):
year or longer before they refinance. So what they're doing
is getting home equity lines of credit, and we have
one available if you want to check it out. The
website is quick turn heelock dot com. That's QUI c
K quick turn Heelock h e l oc dot com.
(19:25):
So if you go there you can find out more
about our unique program, which is a fixed rate home
equity loan that allows you to keep your great first
mortgage that has that great interest rate it allows you
to keep that, so this is just going to be
a second mortgage. You can find out in five minutes
(19:45):
if you're approved, and there's no appraisal required, and you
can close in five days. It works not only for
your primary home, but you can do this on a
secondary vacation type home. You can even use this home
equity line of credit on investment properties, and there is
no cost or obligation to see if you qualify to
(20:07):
see how much money you might be able to get.
Just check it out today at quick turn helock dot
com or send me an email to James Elpeis at
gmail dot com and I'll be happy to walk you
through the process. So I posted this on my Facebook
and a lot of people commented, and I think it's
(20:29):
a little bit funny. I'll be honest with you. These
people that you see where it's a husband and wife
that share the same they share the same Facebook page,
and I kind of know what that means. It's funny though,
because I posted this and I said, why are people
doing this? And I already knew why, but I just
wanted to get a reaction, to get a conversation going.
(20:52):
And it was funny because right away. One of the
very first posts, somebody said, because someone got caught with
her hand in the cookie jar, and this is this
is like the classic giveaway that somebody's been on faithful
in the marriage. Now, I'm not saying that that's the
case every time, because I'm sure maybe some people who
(21:12):
haven't you know, had that happen. There wasn't an affair.
They just kind of feel more secure doing it that way.
But it is very strange because the Facebook account is
an individual account, so as people were saying in my post,
I don't know who I'm talking to when I send
a message or I post a comment. Am I talking
to the husband or am I talking to the wife?
(21:34):
I don't know. This is weird, and it really is,
but that is becoming more and more common. I don't
know about you if you're seeing that on your Facebook
or not, but I'm seeing this more and more often
where you have a married couple and they share the
same Facebook page. Weird, smart? Why? Just curious to get
(21:58):
your thoughts on that, and then we'll close it out
with this. On this episode, flights to Europe are the
cheapest they've been in years, According to this article at
CNBC and it's this doesn't surprise me, and I'm a
big traveler. I haven't traveled so much in the last
two or three years, but over the years, this is
(22:19):
always the time to travel is in the fall. You're
not in the summer where everybody wants to travel. You're
not in the holiday season or any of that. This
is kind of a dead time of the year to
get deals on any kind of travel, whether it's cruises
or hotel rooms. But in particular, they're pointing out here
that international flights between the US and Europe are really
(22:41):
really the prices are really really low, and they gave
examples of flights, you know, for you know, a round
five hundred bucks round trip between the US and Europe,
which is really a great deal. I mean, if you
think about it, to be able to go on a
little trip and you know, maybe go to London for
a few days, or Ireland for a few days, or Italy,
wherever you want to go. I remember when we one
(23:04):
of our trips to Italy, I got the round trip
flights for four hundred bucks. We went through Miami and
we flew to Rome. It was a direct flight. And
this was maybe seven or eight years ago. So I
guess if you can get that kind of a flight
now for five hundred or six hundred, you know, with
(23:25):
inflation on everything else, that's not really a terrible deal.
That sounds like a great deal, So maybe something to
take a look at. But also another chance for me
to plug our Ireland trip. So we're going to Ireland
next summer in June. It's a group trip and we'd
love to have you with us. So if you'd like
to find out more about the trip to Ireland, I'll
be with you on the whole trip. Send me an
(23:46):
email to James Elparis at gmail dot com. Thanks so
much for joining us, God blessed. We'll talk to you
next time. So long everybody,
Gentlemen, start your engines. All right, you're talking about mister
Grolbokoff teared down this one.
Speaker 2 (00:16):
The only thing we have to bear.
Speaker 1 (00:21):
Spare it. So by not crop. If you like your
healthcare plan, you will be on to keep your health
care plan.
Speaker 2 (00:30):
Ye, thank by? Are three fine fire.
Speaker 1 (00:43):
You're listening to Jim Paris Live. Your source for the
latest news on money's politics, prophecy, and preparedness. And now
your host is the editor in chief of Christian Money
dot Com and the author of more than thirty books.
Speaker 2 (00:56):
Jim Paris all right, hello everybody, and welcome to the broadcast.
Great to have you with us. Well, what's been going on? So?
I have been really sick over the last three or
four weeks. I don't know if it was COVID. I'm
guessing it probably was, but got a cold that just
(01:17):
didn't go away and just got worse and worse. And
then at the same time we're going through these hurricanes.
So this latest hurricane Milton, it was like I was
getting sick about two or three days before the hurricane.
So the last three or four weeks has been really crazy.
I've had super low energy. I have not had the
(01:41):
voice to be able to come on and do a broadcast,
but I am back, so a lot is going on
right now right We even have another possible storm right
now out there. It's going to be called Raphael once
it gets a name. And I'm looking at all these
so called spaghetti models and they're mostly going to Florida,
(02:03):
but it doesn't look like it's going to be anything big.
So maybe they're saying it could become a Category one storm.
But here's the problem. Even if it is a very
minor storm, we still have all of this debris in
the streets. They're saying around here in our area. And
(02:23):
we were not hit anywhere near as badly as the
people on the West Coast, but they're saying around in
our area it might be another month to two months
before all the debris is picked up. So you've got
all this garbage on the street that becomes projectiles once
the storm comes in. So even if it's a mild storm,
(02:45):
there's still a chance we could have some issues. And
for those that are interested, the enrollment is still open
for the trip to Ireland, So if you're interested in that,
the best way to find out more and get linked
to the website that has all the details with the
pricing and the payment plan and the dates and all
of that is to just send me a quick email
(03:07):
and you can send that to James L. Paris at
gmail dot com. That's my best email that goes directly
to my phone. That way you get a quick answer,
James Lparis at gmail dot com. You left to excuse
a little bit of a throat clearing on this episode.
I'm on the tail end of this cold and feeling
(03:27):
like I'm over it, but just still just a little
bit hanging on there. So Tuesday is the election. We've
got two days before this thing wraps up, and I
am hoping, really hoping and praying that Trump decisively wins,
that it is a landslide and there's no delay. But
(03:48):
we have the Fox News decision desk saying that we
may not know for five days who the winner is.
I just can't imagine what that would do to the
country if we couldn't know for five days, or if
there are any shenanigans going on, or any hints of
(04:08):
impropriety going on. I think it's just going to be
best if it's just a clear cut win, and that's
what I am hoping and praying for it. Is interesting though,
to see how many people have already voted in my
county where I live here in northeast Florida, in Flagler County, Florida,
(04:29):
more than half have already voted, which is really unprecedented.
I love this early voting. I don't know why this
isn't just every you know, every election should have this,
and I think it's just becoming more and more the standard.
And why not start it, you know, way out in advance.
(04:50):
Why not give people thirty days of early voting. I mean,
if you're on decided at this point, I don't know
what to do about you. I mean, if you're so
somebody right now that still can't decide, if you don't
have a clear idea of who you want to go
with at this point, I'm not so sure there's any hope.
But it is interesting to watch all of the speculation
(05:14):
and people trying to look at the trends and the polls,
and even the betting odds. I think the betting odds
are fascinating because how better to gauge things than to
look at the betting markets, like where people are actually
putting up millions upon millions of dollars to bet on
(05:35):
one candidate over the other, and Trump is favored sixty
forty to win in the betting odds. And that's what
I'm looking at. The betting odds seem to tell the story.
And what I find so interesting about the betting odds
is they have a number of sites now where they're
(05:56):
kind of averaging all of the major betting sites together
and showing you kind of an aggregate, and they're putting
this in charts and graphs. And the interesting thing about
the betting odds, you know, showing Trump as the winner
sixty percent likely that Trump will win, is it looks
(06:16):
like in the last say week to ten days in
these charts, Trump really pulled away. So you might have thought, well,
it was decided one way or the other, you know,
weeks ago or months ago, but really not the case.
You know, the things that Trump did at the very end,
you know, working that day at McDonald's which was brilliant,
(06:40):
taking advantage of the Biden garbage remark, and going out
riding around in a garbage truck, going on the Joe
Rogan podcast. Things that Trump did in the final days
of the election really propelled him, and it really looks
like he is pulling away. It absolutely looks like that.
(07:04):
So excited and a little bit nervous about what's gonna
happen here this week. Also, if you don't follow me
on Facebook, I forgot to mention this at the open.
Something that's going on with me personally, in addition to
having been sick for three weeks is I just started
my master's degree. And I have always had this dream,
(07:26):
this idea of teaching at the college level, preferably at
a Christian college or university, and I wanted to get
my master's degree so that I might have a chance
to do that. And the idea is that, you know,
during my retirement years. I'm going to be sixty years
old in January, so you know, I'm hoping that during
(07:48):
my retirement years that there is an opportunity for me
to be a college professor. And that might mean in
addition to the masters, I may have to go and
get a PhD, which I might also do so, but
in any case, that's something else going on. It's keeping
me busy, keeping me excited and moving forward. So the
(08:09):
restaurant industry, I'm just so fascinated by this. I saw
a story that in the Kansas City area, like several
dozen apple Bees just did not open up the next day.
This happened this week. I think it was like fifty
apple Bee's locations just suddenly closed. Not even the workers
(08:31):
didn't even know. They showed up to work and the
place was closed. Craziness. And then Wendy's is closing one
hundred and forty locations, tgif TGI Fridays is going bankrupt,
and the story, you know it, True Value Hardware is bankrupt.
(08:54):
All of these you know, retailers and restaurants, and here
in my area just loc the number of restaurants that
are going out of business, it is unbelievable when you
just I mean, some of these are family owned and
operated restaurants that have been around for decades in popular
(09:16):
locations like in Saint Augustine in the downtown historic area.
Some of these long time anchor, you know type restaurants
that were open seven days a week. Anytime you walk past,
they were busy closing down. And I'm really scratching my head,
you know, what is going on with restaurants? And so
(09:37):
I've asked people about this, and there's a lot of
different opinions on it. And I think it's a combination
of a lot of things. I think the cost for
operating a restaurant has gone up so much that it's
making it nearly impossible to, you know, have a profit
at the end of the month. And it's not only
(09:58):
the cost of labor, it's the cost of food, but
it's the cost of rent at your location, the cost
of insurance, just everything related to operating a restaurant has
gone up. And at the same time, your customer cannot
afford to pay more. So the restaurant owners kind of
(10:20):
in this spot, you know, between a rock and a
hard place. They have to raise prices because if they don't,
they're guaranteeing that they're going to lose money. So they
make the tough choice to raise prices and then they
drive away customers. And more and more people have just
decided that with as bad as the economy is, as
(10:43):
expensive as gas and groceries and rent and insurance and
just the you know, everyday cost of living, that you
know what, eating out is something we can do without.
That's a way we can we can skip something to
save money to try and make it through the month
as a family, and eating out is something we can
do without. So we're seeing that. But it's kind of
(11:07):
you know, you pick and choose, right because I go
to Starbucks a lot, and I know you get a
lot of criticism for that because Starbucks is a liberal
outfit and all that, but it's right here by my house.
I've been going to this same location for maybe thirteen
or fourteen years now, and just kind of where I go.
I bring my computer. I do a lot of work
(11:27):
from Starbucks, and I know everybody there. I always say
it's my Cheers bar. But as much as you see
the restaurants dying, people are still buying those five and
six dollars fancy drinks at Starbucks. So I guess it's just,
you know, you choose what you want to spend your
money on. But these wholesale clubs, like we've got this
(11:49):
bj BJ's Wholesale Club now here in Palm Coast and
it is really popular. I'm a member of it, and
I love it because I can go in there and
get a lot of things like meat, for example, like
for half price what I would pay at Publics, which
is closer to my house here. So people are trying
(12:10):
to find ways to save money and it's just the inflation.
But it is interesting to see what's happening in the
restaurant industry and you just wonder, you know, is it
ever going to recover? Are are we ever going to
see these restaurants come back again? And at the same time,
I have some relatives that eat out frequently, and they're
(12:32):
telling me about these different deals where if you go
in at a certain time, like I think Chili's has
some kind of a ten dollars deal, and I think
Texas Roadhouse has some kind of a deal before five o'clock.
So apparently there are ways of getting good prices, but
(12:53):
you've got to kind of know the system, and a
lot of restaurants are adjusting, offering these kind of value
windows of time and certain value meals to try and
still keep people, you know, coming in. But it'll be
interesting to see what happens this holiday season. Even if
(13:14):
Trump does win, obviously he's not going to be in
office until next year, and obviously we still have a
horrible economy and Trump's not going to be able to
turn the economy around right away anyway. It's going to
take time. So you just wonder what's going to happen
at Christmas. It seems like people always find a way
to come up with money at Christmas, and you always
(13:35):
see those statistics. You know, Black Friday is the biggest
ever and it was bigger than the year before, and
you always, you know, seem to expect that somehow, some
way people are going to be able to get money
to be able to still have a big Christmas. I
really have no plans for Christmas. I am a single man,
plan to stay single, and my plans for the holidays
(13:59):
are to work. I've got my master's degree to keep
me busy and work that I'm doing, and that's what
I'm going to be doing. So I plan to spend
very little, if anything around the holidays. In fact, I
plan to make a little bit more money because I'm
playing with my band and we're getting some pretty good
(14:19):
money for some of the shows that we're playing around
the holidays. So I've got that my master's degree and
this podcast and my writing and everything else that's going on.
So if you're somebody though, that is looking for some
extra money at Christmas, I want to really ask you
to take another look at this opportunity that we've created
for you. And I have twelve free videos available. All
(14:41):
you've got to do is go to the website reelpicks
dot us R E A L. Reel Picks, p I
c S reelpicks dot Us. There's twelve videos there explaining
exactly what we're doing, and it is such a neat
little side gig that you can do. And what we're
doing is we're taking pictures for banks, mortgage companies, insurance companies,
(15:08):
property managers. And sometimes it's as simple as you pull
up in front of a house, you get out of
the car, you take five pictures from the street, and
you just got paid twenty to thirty bucks. It gets
paid right into your bank account or PayPal, either the
same day or the next morning. And these are for
all different reasons. You've got Sometimes insurance claims. Sometimes a
(15:31):
person might be refinancing and the bank wants to see
some pictures. Sometimes it's a rental property and it might
be a corporate owner that's out of state. They just
want to take a peek and look at it. Sometimes
there is maybe like in the case of the hurricanes,
just kind of a wellness check on the house. They
want to see was the house damaged at all from
the storm? So I've been paid, you know, anywhere from
(15:54):
twenty to thirty dollars from some of these gigs too,
as much as two hundred and fifty dollars for you know,
one big assignment that I did. And you can do
this totally part time. And if you're somebody that is
licensed in real estate, there's even more opportunities for you
(16:14):
than there is for just anyone else. And anyway, if
you'd like to find out more about it, there are
twelve free videos to check it out. You don't need
any special equipment. It takes no money to get started.
You're just using your smartphone and my training takes you
through the whole process of getting set up to be
able to start getting paid to take these pictures. Check
(16:34):
it out today real picks dot us, reelpicks dot us.
All right, so what is going on with mortgage rates?
I had some clients that were they got started with
me to do a refinance. It was about two months ago,
and they called me about three or four days after
(16:55):
we got the ball rolling and they said, you know what,
we've decided we want to wait because we think rates
are gonna come down, you know, after the Federal Reserve
meets and this and that, and the election. We think
rates are gonna come down, so we put it on hold,
and they called me up. What was it two days ago?
And they asked me, hey, so maybe we should refinance now.
(17:15):
Maybe rates are a lot better than when we talked
to you a few weeks back. And the truth is
they that they're higher now, which is confusing to a
lot of people. So a lot of people saw the
Federal Reserve meeting in September I believe it was September eighteenth,
and they saw that the Fed, you know, cut rates
by half a point, and people got all excited and said, Wow,
(17:38):
that means we're gonna we're gonna see you know, rates
across the board, you know, go down better mortgage rates,
better credit card rates, better auto loan rates. Not the case.
One of the things that is hard for a lot
of people to grasp is that mortgage rates are really
based on the ten year Treasury bond yield of the
(18:00):
ten year Treasury bond, So you can have it happen
where short term rates, which is the Fed funds rate.
This is the rate at which the Fed loans money
to banks overnight, or that banks loan money to each
other overnight that rate was cut, and in some cases
that would ripple through all other rates, but it hasn't
(18:23):
this time. In fact, rates are higher now today than
they were before the FED rate cut. So it's confusing
for a lot of people and they're not really sure.
You know, what do I do about this? Obviously, get
in touch with me. I can do a little quick,
you know, ten to fifteen minute phone call, and I
(18:44):
can set up a notification in my computer so that
I can know to get in touch with you based
on your situation when rates reach a certain point. The
other thing that is really really popular right now because
people have really decided that they have to wait. They're
gonna have to wait a few months, maybe even a
(19:04):
year or longer before they refinance. So what they're doing
is getting home equity lines of credit, and we have
one available if you want to check it out. The
website is quick turn heelock dot com. That's QUI c
K quick turn Heelock h e l oc dot com.
(19:25):
So if you go there you can find out more
about our unique program, which is a fixed rate home
equity loan that allows you to keep your great first
mortgage that has that great interest rate it allows you
to keep that, so this is just going to be
a second mortgage. You can find out in five minutes
(19:45):
if you're approved, and there's no appraisal required, and you
can close in five days. It works not only for
your primary home, but you can do this on a
secondary vacation type home. You can even use this home
equity line of credit on investment properties, and there is
no cost or obligation to see if you qualify to
(20:07):
see how much money you might be able to get.
Just check it out today at quick turn helock dot
com or send me an email to James Elpeis at
gmail dot com and I'll be happy to walk you
through the process. So I posted this on my Facebook
and a lot of people commented, and I think it's
(20:29):
a little bit funny. I'll be honest with you. These
people that you see where it's a husband and wife
that share the same they share the same Facebook page,
and I kind of know what that means. It's funny though,
because I posted this and I said, why are people
doing this? And I already knew why, but I just
wanted to get a reaction, to get a conversation going.
(20:52):
And it was funny because right away. One of the
very first posts, somebody said, because someone got caught with
her hand in the cookie jar, and this is this
is like the classic giveaway that somebody's been on faithful
in the marriage. Now, I'm not saying that that's the
case every time, because I'm sure maybe some people who
(21:12):
haven't you know, had that happen. There wasn't an affair.
They just kind of feel more secure doing it that way.
But it is very strange because the Facebook account is
an individual account, so as people were saying in my post,
I don't know who I'm talking to when I send
a message or I post a comment. Am I talking
to the husband or am I talking to the wife?
(21:34):
I don't know. This is weird, and it really is,
but that is becoming more and more common. I don't
know about you if you're seeing that on your Facebook
or not, but I'm seeing this more and more often
where you have a married couple and they share the
same Facebook page. Weird, smart? Why? Just curious to get
(21:58):
your thoughts on that, and then we'll close it out
with this. On this episode, flights to Europe are the
cheapest they've been in years, According to this article at
CNBC and it's this doesn't surprise me, and I'm a
big traveler. I haven't traveled so much in the last
two or three years, but over the years, this is
(22:19):
always the time to travel is in the fall. You're
not in the summer where everybody wants to travel. You're
not in the holiday season or any of that. This
is kind of a dead time of the year to
get deals on any kind of travel, whether it's cruises
or hotel rooms. But in particular, they're pointing out here
that international flights between the US and Europe are really
(22:41):
really the prices are really really low, and they gave
examples of flights, you know, for you know, a round
five hundred bucks round trip between the US and Europe,
which is really a great deal. I mean, if you
think about it, to be able to go on a
little trip and you know, maybe go to London for
a few days, or Ireland for a few days, or Italy,
wherever you want to go. I remember when we one
(23:04):
of our trips to Italy, I got the round trip
flights for four hundred bucks. We went through Miami and
we flew to Rome. It was a direct flight. And
this was maybe seven or eight years ago. So I
guess if you can get that kind of a flight
now for five hundred or six hundred, you know, with
(23:25):
inflation on everything else, that's not really a terrible deal.
That sounds like a great deal, So maybe something to
take a look at. But also another chance for me
to plug our Ireland trip. So we're going to Ireland
next summer in June. It's a group trip and we'd
love to have you with us. So if you'd like
to find out more about the trip to Ireland, I'll
be with you on the whole trip. Send me an
(23:46):
email to James Elparis at gmail dot com. Thanks so
much for joining us, God blessed. We'll talk to you
next time. So long everybody,
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
The Herd with Colin Cowherd
The Herd with Colin Cowherd is a thought-provoking, opinionated, and topic-driven journey through the top sports stories of the day.