Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
Of God, but no, justjust take care of business. So I
think one thing you probably would beall about is if somebody who is thinking
about, you know, picking youup, as you know, Ross Wealth
advisor Don Ross is like these,this Maryland couple and the unexpectedly one not
(00:22):
one, but two million dollars inthe powerball lottery. And get this,
they accidentally bought two identical tickets forthe same draw. Now this is real.
So what happened was unknowingly this guygenerated duplicate tickets. They came out
of the machine and then later discoveredhe thought they had won just a few
(00:44):
dollars. They went to the storewhere they bought this, and it was
like he used a replay feature ata lotto kiosk. And so this guy
bought duplicate tickets. Turns out thatnot once, but twice, he had
all five numbers from the recent powerball, just not that final what the
sixth the power ball? Yeah,he didn't have those, but as a
(01:07):
result, each one paid a millionbucks. I mean, what kind of
luck is that? That's crazy?Right? That can definitely change his life
and hopefully for the better. Youknow, we all heard stories of lottery
winners and all that, But youknow, I don't play it, so
I don't know. But I thinkthat you know what, you can make
a couple of decisions that could impactyour life and what a great day.
(01:29):
Yeah that guy, Yeah, nodoubt it was inside seven eleven. I
was just reading and good for himthat this happened. Hopefully he will invest
a chunk of this or all ofit, you know, just depending I
guess depends on their their situation,their status, their monetary status, so
on and so forth. But Idon't know. Are you aware of anybody
(01:49):
that you uh you know that youwork for if you will, your clients
that that have that have won alottery? Do you know that if any
have, are you aware of anyNo, Okay, I'm not aware,
but I'm pretty sure. No,I know, I know a couple of
people that have won small lotteries.But like I told you a couple of
(02:12):
weeks ago, hey, if you'regonna win the biggie, you know,
hire an attorney, hire an attorneyand take that money privately through a trust.
So those those cousins and friends that'llcome out of the woodwork because they
will. Yeah, I have afeeling even if you did it the way
you just described. You know,hire an attorney, take the money and
trust, but your family is stillgoing to find out about it. There's
(02:34):
no way around especially that kind oflike six hundred plus million dollars. Yeah,
that's that's insane, isn't it.It's it's I don't even know.
When you have that kind of money, do you even need to invest it?
I mean, think about it.You could just be done with that
and still have like tons of althoughyou want, I guess you want to
stretch it over generations, right asthat would be the way to do it.
Yeah, I mean, you know, I remember years ago there's a
(02:57):
gentleman that said, you know whatmuch money I have, I'm going to
just put it in treasury Treasury notesmake three and a half four percent on
a tax free and that would generatea lot of money. But it's something
that most people are not going tohave to deal with, so right,
and being tax free, and that'salso that's for sure, that percentage the
return the ROI is that's for sure. Or does that vary as well?
(03:22):
It can vary, but you know, treasuries are very conservative, very safe,
and you know, well actually theyrachs a little higher now thanks to
all that's going on right, treasuryis bumped a little today. But you
know, you know, taking atax free those are the two favorite words
with anybody that has money when theywhen they start taking dollars out of the
retirement accounts. You know, wetry to figure out how to take it
(03:42):
out tax free. And I alwayssay the more someone has, the more
they're interested in those two words.So and if you can get tax free,
good so. But anyhow, Ihaven't won a lottery. I guess
you know, you don't win unlessyou try. But you know, I
don't go into the seven eleven becauseI Phillip outside. So right, well,
I understand. Also there are itseems like, you know, there
(04:06):
was another guy who used to comeon with me for a while, and
I'm sure you know who's uh,you know, in your business. And
he never he never did anything ofthe like either. He wasn't a gambler.
He didn't play. And I wantto say, it's the way people
like you what you do for aliving, it's the way you're wired.
(04:28):
You just you just don't That's justnot something that appeared. In other words,
you're smart, you know, SoI don't know I don't even play
cards. Okay, I don't evenplay penny poker because I'm going to lose.
So I understand. I understand therisk. You know. It's like
I play uker, Jony, andI play uker with another couple, and
and the other couple's wife, youknow, no matter what I leave with,
(04:49):
she's like, what are you leavingwith? That? For see,
I don't even get your so rightright, Oh yeah, I understand what
you're talking about. But also somebodywho like you, which is I'm gonna
lose any way. Yeah, don'teven venture into it because part of it
you have to. There has tobe will there. You gotta will some
things. And I some people go, look what you're gonna get to what
(05:11):
you're gonna But I feel like youcan. You can tap into some things.
That's the power of positive thinking,as they say, And I wish
that I had that in every aspectof my life. I don't, but
I wish that I did. ButI can tell you there are certain times
where it does bounce around in myhead with regard to the power of positive
thinking, and it's it served mewell sometimes. So yeah, I mean
(05:34):
there's that, but yeah, backto what the doll did off for twenty
two today finished down for twenty two. And it's on this bad inflation news.
And once again, raise your handif you're surprised that you know we're
having bad inflation news. You know, and the fact, first of all,
and I've said this a million timeswith this Biden administration and the legacy
(05:57):
media that unfortunately is role out anykind of information that has to do with
this administration that we even are hearingthat as far as bad inflation news,
they always try to spin it andsay that, oh, it's just you
know, it's a it's a feelingthat you're having. It's not necessarily true.
I mean, we talked about itnot too long ago. How they
(06:19):
you know, it's you're not imaginingthat a twelve pack of soda is seven
ninety nine. Now, you arenot imagining that. No, I mean
that's for real, There is nowell, you just feel like it's higher.
No, I remember paying to ninetynine not too long ago. So
please don't tell me I'm crazy kindof a thing. But when you see
(06:43):
this bad inflation news, I mean, what do you begin to think of
as Don Ross the retirement boss?And you know, for ross wealth advisors
and the people that you manage wellthankfully, you know, I lead guide
our clients, you know, ina collaborative effort, and we do things
fairly conservative only our approach to life, but how we invest money, and
(07:03):
you know, we take into considerationall the curve balls. And when this
administration came in place, I kindof a feeling it was going to do
what it's going to do. Youknow. But if you look at the
Consumer Price Index now some people like, oh CPI, what is that.
That's basically food forwards and financing.That's that's going up. That's affecting people.
I mean a mortgage rate is nowseven a half percent, that was
(07:26):
unheard of two and a half yearsago. Okay, uh. And of
course food and gas now gas thatcan play with. I mean oil went
up a little bit today. Andbut you know, when you're buying a
car, you know, whether it'sa Chevy Ford or a Mazda, you're
feeling it okay, but you knowyou can get by it, maybe with
(07:47):
keeping a car a little bit longer. You have to eat, you have
to pay the rent, and ithas to change, and it will,
like I said, by the graceof God, we can get this administration
change because we need less government.Okay, we got to have less government.
It's just way it's just way toomuch. And we can't be taking
(08:09):
on the viewpoint of this whole globalsttitude. And everything's going to be electric
and all that, and we'll getinflation under control and it's going to help
ninety five percent of Americans out therethat are struggling. You know, I
don't know if you heard the reporttoday, part time jobs has gone up
quite a bit. There's a there'sa ranking. I don't know how they
(08:30):
do it, but part time peopletaking on part time jobs. You know,
it's the real deal, Blazer,it's the real deal. Yeah,
we've got to fix it in Thereis a solution out there. Unfortunately,
a lot of people don't like it. Well, one thing that we also
have been seeing a little bit ofis the FED chair talking about we're not
going to be you know, cuttinginterest rates and they're going to revisit it.
(08:52):
I think I saw maybe and it'seither May or June they're going to
look at it again. And thatin addition to you know, this information,
this inflation, the bad Inflation Report, the bad Inflation news I would
think all of that stuff. Andto your point with regard to the interest
rates, I mean to fire itback up. It seems like the opposite
(09:13):
is happening with this administration to getit going again. And I don't care
how many times they want to explainraising the rates. I understand it does
cool the market, nobody wants tobuy anything, but how is that helping
it doesn't? It makes no senseto me. It's like we're going to
push down in order to make itgo up, or we're going to push
up to make it go down.However you want to quantify that. It's
(09:33):
just bizarre to me. Yeah,yeah, I don't know how many of
them even took each that was oneoh one. But you know when the
CPI creeped up a quarter percent,you know, in just since February,
that's just insane. So what's happeningis it's going to really complicate the FES
next move. And I don't thinkwe're not even going to get close to
six cuts as they talked about.We might get to this year. Okay,
(09:58):
we might. Now that's just myguess, just based on all his
data and research that I do,and as such, Yeah, okay,
So that's that's that's the good tithingand good news I bring today. Well,
you know what, Look, itis what it is, and you're
not the one who who initiated thenews. You don't regulate it, you're
just translating it and going, hey, here's the way I see it.
(10:20):
He's Don Ross, the retirement bossRosswell Advisor's joining us more with Don here
momentarily right now, traffic and weathertogether from day and night. Heating and
cooling products, a complete temperature controlJohnny Hill
Of God, but no, justjust take care of business. So I
think one thing you probably would beall about is if somebody who is thinking
about, you know, picking youup, as you know, Ross Wealth
advisor Don Ross is like these,this Maryland couple and the unexpectedly one not
(00:22):
one, but two million dollars inthe powerball lottery. And get this,
they accidentally bought two identical tickets forthe same draw. Now this is real.
So what happened was unknowingly this guygenerated duplicate tickets. They came out
of the machine and then later discoveredhe thought they had won just a few
(00:44):
dollars. They went to the storewhere they bought this, and it was
like he used a replay feature ata lotto kiosk. And so this guy
bought duplicate tickets. Turns out thatnot once, but twice, he had
all five numbers from the recent powerball, just not that final what the
sixth the power ball? Yeah,he didn't have those, but as a
(01:07):
result, each one paid a millionbucks. I mean, what kind of
luck is that? That's crazy?Right? That can definitely change his life
and hopefully for the better. Youknow, we all heard stories of lottery
winners and all that, But youknow, I don't play it, so
I don't know. But I thinkthat you know what, you can make
a couple of decisions that could impactyour life and what a great day.
(01:29):
Yeah that guy, Yeah, nodoubt it was inside seven eleven. I
was just reading and good for himthat this happened. Hopefully he will invest
a chunk of this or all ofit, you know, just depending I
guess depends on their their situation,their status, their monetary status, so
on and so forth. But Idon't know. Are you aware of anybody
(01:49):
that you uh you know that youwork for if you will, your clients
that that have that have won alottery? Do you know that if any
have, are you aware of anyNo, Okay, I'm not aware,
but I'm pretty sure. No,I know, I know a couple of
people that have won small lotteries.But like I told you a couple of
(02:12):
weeks ago, hey, if you'regonna win the biggie, you know,
hire an attorney, hire an attorneyand take that money privately through a trust.
So those those cousins and friends that'llcome out of the woodwork because they
will. Yeah, I have afeeling even if you did it the way
you just described. You know,hire an attorney, take the money and
trust, but your family is stillgoing to find out about it. There's
(02:34):
no way around especially that kind oflike six hundred plus million dollars. Yeah,
that's that's insane, isn't it.It's it's I don't even know.
When you have that kind of money, do you even need to invest it?
I mean, think about it.You could just be done with that
and still have like tons of althoughyou want, I guess you want to
stretch it over generations, right asthat would be the way to do it.
Yeah, I mean, you know, I remember years ago there's a
(02:57):
gentleman that said, you know whatmuch money I have, I'm going to
just put it in treasury Treasury notesmake three and a half four percent on
a tax free and that would generatea lot of money. But it's something
that most people are not going tohave to deal with, so right,
and being tax free, and that'salso that's for sure, that percentage the
return the ROI is that's for sure. Or does that vary as well?
(03:22):
It can vary, but you know, treasuries are very conservative, very safe,
and you know, well actually theyrachs a little higher now thanks to
all that's going on right, treasuryis bumped a little today. But you
know, you know, taking atax free those are the two favorite words
with anybody that has money when theywhen they start taking dollars out of the
retirement accounts. You know, wetry to figure out how to take it
(03:42):
out tax free. And I alwayssay the more someone has, the more
they're interested in those two words.So and if you can get tax free,
good so. But anyhow, Ihaven't won a lottery. I guess
you know, you don't win unlessyou try. But you know, I
don't go into the seven eleven becauseI Phillip outside. So right, well,
I understand. Also there are itseems like, you know, there
(04:06):
was another guy who used to comeon with me for a while, and
I'm sure you know who's uh,you know, in your business. And
he never he never did anything ofthe like either. He wasn't a gambler.
He didn't play. And I wantto say, it's the way people
like you what you do for aliving, it's the way you're wired.
(04:28):
You just you just don't That's justnot something that appeared. In other words,
you're smart, you know, SoI don't know I don't even play
cards. Okay, I don't evenplay penny poker because I'm going to lose.
So I understand. I understand therisk. You know. It's like
I play uker, Jony, andI play uker with another couple, and
and the other couple's wife, youknow, no matter what I leave with,
(04:49):
she's like, what are you leavingwith? That? For see,
I don't even get your so rightright, Oh yeah, I understand what
you're talking about. But also somebodywho like you, which is I'm gonna
lose any way. Yeah, don'teven venture into it because part of it
you have to. There has tobe will there. You gotta will some
things. And I some people go, look what you're gonna get to what
(05:11):
you're gonna But I feel like youcan. You can tap into some things.
That's the power of positive thinking,as they say, And I wish
that I had that in every aspectof my life. I don't, but
I wish that I did. ButI can tell you there are certain times
where it does bounce around in myhead with regard to the power of positive
thinking, and it's it served mewell sometimes. So yeah, I mean
(05:34):
there's that, but yeah, backto what the doll did off for twenty
two today finished down for twenty two. And it's on this bad inflation news.
And once again, raise your handif you're surprised that you know we're
having bad inflation news. You know, and the fact, first of all,
and I've said this a million timeswith this Biden administration and the legacy
(05:57):
media that unfortunately is role out anykind of information that has to do with
this administration that we even are hearingthat as far as bad inflation news,
they always try to spin it andsay that, oh, it's just you
know, it's a it's a feelingthat you're having. It's not necessarily true.
I mean, we talked about itnot too long ago. How they
(06:19):
you know, it's you're not imaginingthat a twelve pack of soda is seven
ninety nine. Now, you arenot imagining that. No, I mean
that's for real, There is nowell, you just feel like it's higher.
No, I remember paying to ninetynine not too long ago. So
please don't tell me I'm crazy kindof a thing. But when you see
(06:43):
this bad inflation news, I mean, what do you begin to think of
as Don Ross the retirement boss?And you know, for ross wealth advisors
and the people that you manage wellthankfully, you know, I lead guide
our clients, you know, ina collaborative effort, and we do things
fairly conservative only our approach to life, but how we invest money, and
(07:03):
you know, we take into considerationall the curve balls. And when this
administration came in place, I kindof a feeling it was going to do
what it's going to do. Youknow. But if you look at the
Consumer Price Index now some people like, oh CPI, what is that.
That's basically food forwards and financing.That's that's going up. That's affecting people.
I mean a mortgage rate is nowseven a half percent, that was
(07:26):
unheard of two and a half yearsago. Okay, uh. And of
course food and gas now gas thatcan play with. I mean oil went
up a little bit today. Andbut you know, when you're buying a
car, you know, whether it'sa Chevy Ford or a Mazda, you're
feeling it okay, but you knowyou can get by it, maybe with
(07:47):
keeping a car a little bit longer. You have to eat, you have
to pay the rent, and ithas to change, and it will,
like I said, by the graceof God, we can get this administration
change because we need less government.Okay, we got to have less government.
It's just way it's just way toomuch. And we can't be taking
(08:09):
on the viewpoint of this whole globalsttitude. And everything's going to be electric
and all that, and we'll getinflation under control and it's going to help
ninety five percent of Americans out therethat are struggling. You know, I
don't know if you heard the reporttoday, part time jobs has gone up
quite a bit. There's a there'sa ranking. I don't know how they
(08:30):
do it, but part time peopletaking on part time jobs. You know,
it's the real deal, Blazer,it's the real deal. Yeah,
we've got to fix it in Thereis a solution out there. Unfortunately,
a lot of people don't like it. Well, one thing that we also
have been seeing a little bit ofis the FED chair talking about we're not
going to be you know, cuttinginterest rates and they're going to revisit it.
(08:52):
I think I saw maybe and it'seither May or June they're going to
look at it again. And thatin addition to you know, this information,
this inflation, the bad Inflation Report, the bad Inflation news I would
think all of that stuff. Andto your point with regard to the interest
rates, I mean to fire itback up. It seems like the opposite
(09:13):
is happening with this administration to getit going again. And I don't care
how many times they want to explainraising the rates. I understand it does
cool the market, nobody wants tobuy anything, but how is that helping
it doesn't? It makes no senseto me. It's like we're going to
push down in order to make itgo up, or we're going to push
up to make it go down.However you want to quantify that. It's
(09:33):
just bizarre to me. Yeah,yeah, I don't know how many of
them even took each that was oneoh one. But you know when the
CPI creeped up a quarter percent,you know, in just since February,
that's just insane. So what's happeningis it's going to really complicate the FES
next move. And I don't thinkwe're not even going to get close to
six cuts as they talked about.We might get to this year. Okay,
(09:58):
we might. Now that's just myguess, just based on all his
data and research that I do,and as such, Yeah, okay,
So that's that's that's the good tithingand good news I bring today. Well,
you know what, Look, itis what it is, and you're
not the one who who initiated thenews. You don't regulate it, you're
just translating it and going, hey, here's the way I see it.
(10:20):
He's Don Ross, the retirement bossRosswell Advisor's joining us more with Don here
momentarily right now, traffic and weathertogether from day and night. Heating and
cooling products, a complete temperature controlJohnny Hill
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