August 1, 2024 • 27 mins
Host of ‘How to Money’ on KFI Joel Larsgaard joins the show to talk about anxiety and avoidance driving financial decisions of A LOT of Americans, a new study further muddies the waters about how much money influences happiness, and more young people are convinced social security is a scam. LA County is the center of the ADU boom… why these cities are building the most. Host of ‘Later with Mo Kelly’ on KFI weekdays from 7pm-10pm wraps the show talking about Snoop Dogg and his Olympic commentary.
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Speaker 1 (00:01):
You're listening to Bill Handle on demand from KFI AM
six forty.
Speaker 2 (00:07):
And this is KFI AM six forty Bill Handle here
on a Thursday, August one hot the heat wave all
over the country. It's the horrible stuff as far as
the wildfires, all the good stuff with the.
Speaker 1 (00:22):
Olympics, by the way. That is kind of fun watching
what's going on with the Olympics. By the way. Today's
podcast that drops today, the Bill.
Speaker 2 (00:29):
Handleshow podcast that I just started Tuesdays and Thursdays, drops
at nine o'clock today is the Olympics you don't know about.
And that's just go to the Bill Handle Show podcast
on Spotify or iHeartRadio app or any of these platforms.
It's the Bill Handle Show podcasts today at nine and
(00:51):
then you can listen to the rest of them that
I've put up there too. And since I don't never
I never listen to any of my podcasts or anything
I've ever done on the air, like your opinion on it,
I'm getting some really good ones.
Speaker 1 (01:01):
Bill. You are horrible. Bill.
Speaker 2 (01:03):
This is the worst stuff I've ever listened to in
my life. Bill, You're as bad as podcast as you
are on the air. I get a lot of those.
And by the way, here's what, here's the secret. Agree
with everybody. Just agree you're right.
Speaker 1 (01:16):
I'm horrible. I don't know how you're on the air.
You're right. I don't know either. It's a mystery to
me too. Joe Larsgard how to.
Speaker 2 (01:26):
Money every Sunday from twelve to two pm right here
on KFI.
Speaker 1 (01:31):
Good morning, Joel.
Speaker 3 (01:33):
I'm always shocked that you're on the air every week.
Speaker 1 (01:35):
You know, I have to tell you.
Speaker 2 (01:36):
You got me on that one, truly, I mean, and
it's and incidentally, it's not I'm just it's not the
a shucks, you know, with my finger in my chin thing.
Here's and here's my philosophy, and I think it works.
It's not that I am good, it's just that everybody
else is bad. I mean, it really sucks. And to
that point, anxiety and avoidance driving the financial decision of
(02:00):
a lot of Americans.
Speaker 1 (02:02):
And here is the way I view it.
Speaker 2 (02:06):
The more miserable you are about your finances, the happier
I am. That's where my happiness is, not how much
I have, but how little you have.
Speaker 3 (02:17):
Yeah, just being better than the next guy, that's.
Speaker 1 (02:19):
All it takes.
Speaker 2 (02:21):
Yeah, So let's talk about that anxiety avoidance. I would
think it's always the case, but is it particularly prevalent now.
Speaker 3 (02:30):
I mean, I don't know if it's more prevalent now
than it was ten years ago. But it's a massive problem,
and it also doesn't help create a solution. We know
this anxiety and avoidance and some of those things. There's
a certain amount of anxiety that can actually, I think
be beneficial. Think about those Olympians you were referencing, and
you're at the ping pong table. I'm sure you got
(02:52):
some blood flowing through your veins, You're a little pumped up,
your heart rates higher than normal because you're going to
battle against another country to try to win a metal. Well,
there are some instances, of course where anxiety can fuel
us towards doing better and so I but this anxiety
and avoidant survey that Discover released, the vast majority of
people feel a whole lot of that when it comes
(03:12):
to their finances, and I think a lot of that
is actually demotivating. It causes people to stick their head
in the sand instead of taking proactive measures to kind
of move their financial lives forward in a positive way.
Speaker 2 (03:23):
How do we do relative to other countries I know,
savings wise were prettywhere near the bottom of the barrel
where you got. In Japan, for example, they save up
to I think a third of their disposable income, like
astronomical amounts of savings. Have we gotten worse better or
that's where we are at the bottom of the barrel.
Speaker 3 (03:42):
Our savings rates. I mean during COVID just shot through
the roof, right because we were at home, and then
like money was being poured into our bank accounts for
the federal government. But then now savings rates have declined
back to pre pandemic norms, if not worse. And so
I think that's a big part of what causes people
anxiety bill and it makes sense, right if you're living
to pay paycheck to paycheck, if you've exhausted what's in
your savings, you're gonna feel more anxiety about the future.
(04:04):
And that is one of those solutions I think to
feeling less anxiety is one like not avoiding the problem
altogether and then coming up with the plan to at
least slowly but surely start to pad that savings account,
because there is something about one taking action, and there's
something too about having the liquid cash in your savings
even if it's just little by little, like Rome wasn't
built in today, we're not talking about like, oh, you're
(04:26):
gonna have five thousand bucks next month. But even if
it's just twenty bucks here, thirty bucks there. Yeah, over time,
you're gonna feel far less anxiety because you're gonna have
the funds to back you up when the emergency happens.
Speaker 1 (04:36):
Yeah.
Speaker 2 (04:36):
Making that decision though early on, telling people in their twenties,
even their thirties, and explaining what long term compound interest
saying that let's say you save up and you're going
in your retirement and right now it's two hundred dollars,
right next month, it'll be another.
Speaker 1 (04:54):
Two hundred and four hundred dollars.
Speaker 2 (04:55):
This small money, but at the end of forty years,
even a month of additional money is astronomical.
Speaker 3 (05:04):
And you're right, this is like a key part. And
this is why I'm glad we're going to have personal
finance classes in high schools across the state of California
in just a few years time, because these are the
kind of things that most people don't realize and they
don't think. They think got small potatoes. It's five bucks here,
it's ten bucks there, And I mean I remember my
mom when I was a kid, I mean, not like
(05:24):
this brilliant financial mind, but she would talk about just
like those little choices and how they did add up
an impact. And she wasn't even talking about compounding interest.
I don't think she knew what it was back then,
but it reminded me that every little decision matters when
it comes to my money. And if you do it
seems like it seems silly, but it's just a few
bucks here and there in your investment account really does
(05:44):
add up over the decades, and yeah, you might find
yourself with one hundred and fifty thousand dollars instead of
the ten thousand dollars you otherwise would have had, just
from those small, seemingly insignificant decisions.
Speaker 1 (05:55):
Yeah, I got the same thing.
Speaker 2 (05:57):
I remember my father who pissed away all of it
money and took all the retirement money so my mother
would have nothing.
Speaker 1 (06:04):
And he was.
Speaker 2 (06:06):
Brilliant to financial decision because he knew I'm a gold
medalist in the Jewish Guilt Olympics, and he knew that
I would be taking care of her for the rest
of my life simply because I'm guilty until the day
she died. Yep, see that is a good financial decision.
Played his card right, Oh, yes he did, Yes, he did,
(06:26):
all right. Joe Larsgard how to Money every Sunday from
twelve to two pm right here on KFI.
Speaker 1 (06:33):
Good morning, Joel.
Speaker 2 (06:35):
Anxiety and avoidance driving the financial decisions of a lot
of Americans.
Speaker 1 (06:42):
And here is the way I view it.
Speaker 2 (06:46):
The more miserable you are about your finances, the happier
I am.
Speaker 1 (06:51):
That's where my happiness is, not how much I have,
but how little you have.
Speaker 3 (06:57):
Yeah, just being better than the next guy.
Speaker 1 (06:59):
That's all it takes.
Speaker 2 (07:01):
Yeah, So let's talk about that anxiety avoidance. I would
think it's always the case, but is it particularly prevalent now.
Speaker 3 (07:10):
I mean, I don't know if it's more prevalent now
than it was ten years ago. But it's a massive problem.
And it also doesn't help create a solution.
Speaker 2 (07:19):
Right.
Speaker 3 (07:19):
We know this anxiety and avoidance and some of those things.
There's a certain amount of anxiety that can actually, I think,
be beneficial. Think about those Olympians you were referencing, and
you're at the ping pong table. I'm sure you got
some blood flowing through your veins. You're a little pumped up,
your heart rates higher than normal because you're going to
battle against another country to try to win a metal.
(07:40):
There are some instances, of course where anxiety can fuel
us towards doing better and so I but this anxiety
and avoidance survey that Discover released, the vast majority of
people feel a whole lot of that when it comes
to their finances, and I think a lot of that
is actually demotivating. It causes people to stick their head
in the sand instead of taking proactive measures to kind
(08:01):
of move their financial lives forward in a positive way.
Speaker 1 (08:04):
How do we do relative to other countries?
Speaker 2 (08:06):
I know, savings wise were prettywhere near the bottom of
the barrel where you got In Japan, for example, they
save up to I think a third of their disposable income,
like astronomical amounts of savings.
Speaker 1 (08:19):
Have we gotten worse better or that's where we are
at the bottom of the barrel?
Speaker 3 (08:23):
Our savings rates, I mean during COVID just shot through
the roof right because we were at home, and then
like money was being pourtant to our bank accounts from
the federal government. But then how savings rates have declined
back to back to pre pandemic norms, if not worse,
and so I think that's a big part of what
causes people anxiety bill and it makes sense, right if
you're living to paycheck to paycheck, if you've exhausted what's
in your savings, you're gonna feel more anxiety about the future.
(08:45):
And that is one of those solutions I think to
feeling less anxiety is one like not avoiding the problem
altogether and then coming up with the plan to at
least slowly but surely start to pad that savings account,
because there is something about one taking action. And there's
something too about having the liquid cash in your savings,
even if it's just little by little like Rome wasn't
built in today, We're not talking about like, oh, you're
(09:06):
gonna have five thousand bucks next month, but even if
it's just twenty bucks here, thirty bucks there, over time,
you're gonna feel far less anxiety because you're gonna have
the funds to back you up when the emergency happens.
Speaker 2 (09:16):
Yeah, making that decision though early on, telling people in
their twenties, even their thirties, and explaining what long term
compound interest saying that let's say you save up and
you're going in your retirement and right now it's two
hundred dollars.
Speaker 1 (09:33):
Right next month, it'll be another two hundred and four
hundred dollars.
Speaker 2 (09:36):
This small money, but at the end of forty years,
even a month of additional money is astronomical.
Speaker 3 (09:44):
And you're right, this is like a key part. And
this is why I'm glad we're gonna have personal finance
classes in high schools across the state of California in
just a few years time, because these are the kind
of things that most people don't realize and they don't think.
They think got small potatoes. It's five bucks here's it's
ten bucks there. And I mean, I remember my mom
when I was a kid. I mean, not like this
(10:05):
brilliant financial mind, but she would talk about just like
those little choices and how they did add up an impact.
And she wasn't even talking about compounding interest. I don't
think she knew what it was back then. But it
reminded me that every little decision matters when it comes
to my money, and if you do it seems like
it seems silly, but it's just a few bucks here
and there in your investment account really does add up
(10:25):
over the decades, and yeah, you might find yourself with
one hundred and fifty thousand dollars instead of the ten
thousand dollars you otherwise would have had, just from those small,
seemingly insignificant decisions.
Speaker 1 (10:35):
Yeah, I got the same thing.
Speaker 2 (10:37):
I remember my father who kissed away all of his
money and took all the retirement money so my mother
would have nothing. And he was brilliant to financial decision
because he knew I'm a gold medalist in the Jewish
Guilt Olympics, and he knew that I would be taking
care of her for the rest of my life simply
because I'm guilty until the day she died.
Speaker 1 (10:59):
Yep. See that is a good financial decision. Played his
card right, Oh yes he did, Yes, he did. All right.
A new study just came out.
Speaker 2 (11:08):
And we've talked about this, Joel, many many times before,
and that is money and happiness.
Speaker 1 (11:14):
How the two connect.
Speaker 2 (11:15):
And it's sort of a given that we think money
gives us. You get a raise, for example, and that's
going to make us happy. That actually disappears very quickly.
You get used to it.
Speaker 1 (11:25):
It's done. I remember when I was.
Speaker 2 (11:26):
In business school before I went to law school, and
I resigned from business school two and a half seconds
before they were going to throw me out because I.
Speaker 1 (11:35):
Couldn't quite make the raid. But that was a big,
big part of it.
Speaker 2 (11:38):
It's giving people raises did not necessarily mean happiness, or
if it did, it was very short lived, and there
were other ways of doing it so of making people happy,
and we've gone through that, so.
Speaker 1 (11:49):
Let's talk about that. What does this study sets say?
Speaker 3 (11:51):
Yeah, so, I mean it's one of the most fascinating
conversations because we all want to be happy, right, and
there's this myth, especially the United States of America, then
more money equals more happiness. And there have been conflicting
studies over the years too about well, how much is
happiness impacted by the amount of money in our bank
account our retirement accounts? And one study, I guess this
(12:12):
was probably eight or nine years ago, said that, oh,
once you hit this like seventy five thousand dollars earning threshold,
that's pretty much the maximum satisfaction that you're going to get,
the maxim amount of happiness that you're going to drive
from money. It doesn't matter if you get paid five
x that you're not going to be a happier person.
But then other studies, including a recent one from the
Wharton School, found that actually, no, there is still greater
(12:36):
there's greater levels of happiness you can achieve as your
income grows, and so it's just like, really, it's really
hard to figure out. I think in all these studies
there's a reason there's conflicting evidence because we're dealing with
like human beings and we're dealing with this kind of
this thing called money that we've all invented in it,
but it's the rules that we play by. It's like
the ocean that we swim in now, and it's really
(12:58):
hard to determine how much which money is actually impacting
our happiness. I think that's ultimately what this reveals by
all these different studies coming out with kind of different data.
Speaker 1 (13:07):
You know, I was once told and it made a
lot of sense. Boy, this resonated.
Speaker 2 (13:10):
It's not that money makes you happy. It's not having
money makes you unhappy. Yes that you and I truly
believe that that it is a negative. If you don't
have enough, you're unhappy. If you have enough, If you
if you have enough, you're happy. And I think I
would think if you're comfortable and your lifestyle.
Speaker 1 (13:31):
Is that you have enough after that.
Speaker 2 (13:33):
I mean, does it really matter if you're flying in
a private jet or not?
Speaker 1 (13:37):
I mean, is that gonna make you happier?
Speaker 2 (13:38):
It's going to be more fun, But does that make
you a happier whom human being?
Speaker 1 (13:43):
I don't think so.
Speaker 2 (13:44):
No.
Speaker 3 (13:45):
Yeah, I agree. And there's this line in the study,
and I'll quote it verbatim. It said, a greater feeling
of control over life can explain about seventy five percent
of the association between money and happiness. And I do
think that that's really gets at the heart of this
that I do think that that people who and this
is why money in the bank account is so much
(14:05):
better off than the money that you're spending on the
stuff to try to keep up some sort of fancy lifestyle.
Because yeah, it is that sense of control that you have,
the sense of independence that you have where hey, guess what,
I actually can tell my boss to shove it if there,
and I can quit if I want to because I
have the money to back me up. And so yeah,
(14:26):
I think it's not necessarily the increase in lifestyle, but
it's the greater level of control that you're able to
achieve by having more levels of money over time.
Speaker 2 (14:33):
I've talked to many people and we've heard this over
and over again, people that grew up dirt poor and said,
I didn't know I was poor because everybody around me
was poor. So we didn't know, and so we were
happy with what we had because didn't know the difference.
And so, you know, there were times my life when
(14:54):
I was struggling, and there are times my life that, well,
I'm always struggling, but times my life when I make
a very good living.
Speaker 1 (15:02):
I'm just as miserable.
Speaker 2 (15:04):
But the point is is that the misery of not
having money is not part of my life. So not
having money adds to your misery, and that just that
part is taken away.
Speaker 3 (15:16):
Well, that goes back to the Roosevelt quote that comparison
is the thief of joy, right, And I think that
that's part of what social media does is we're able
to see more and more, Oh, my friend went to
this on this awesome beach vacation, or went to this
sweet island, and look at me stuck at home, not
enjoying my summer in the same way. And I do
think that that comparison is a huge part of what
makes us think. It fuels that desire that I need
(15:38):
more and more and more because that's what's going to
make me happy. Whereas if we just kind of cut
off that influence, we'd be happier just by not having
seen those pictures, not having seen how supposedly great their
vacation was, and how crummy our life looks in comparison.
So I think that's definitely that's part of it too.
And when you look at one of the best writers
on happiness these days is Arthur Brooks who writes over
(15:58):
at the Atlantic, and he just talks about all these
other things that are so crucial to our ability to
maintain happiness, and he says, reasonable standard of living, yes,
is one of those, but then there are all these
other factors. And because we're so busy serving the almighty dollar,
oftentimes we're not thinking about our physical health, our mental health,
our relationships, the beauty and nature around us, and stuff
(16:19):
like that. I don't want to get too existential, but like,
those are really important parts of a happy life, and
we're so focused on money that oftentimes we're actually less
happy because of it.
Speaker 2 (16:28):
Yeah, just a quick story, and I'm going to run
a little bit over is the first time my daughters
went to a rock concert. They were eight or nine
years old, and it was during the Golf War where
KFI was really involved in raising money for the Armed services.
And I had been asked to go and present a
check at a Wango Tango event at Anaheim Stadium prior
(16:49):
to all the rock the rock groups coming up.
Speaker 1 (16:52):
And so my daughters. I took my daughter's and.
Speaker 2 (16:55):
Because it was a Kiss event and the Kiss had
the helicopter, we went to the air helicopter picked us up,
flew to Anaheim Stadium, circle the stadium into the parking lot,
a cart picks us up, golf cart takes us backstage.
We hung out with everybody. When the concert was over,
went back to the parking lot, took the helicopter back
to the airport and picked up my car. All right,
(17:18):
the second time my kids went to a concert that
I was taking, it's dad, or are we going to
the airport.
Speaker 1 (17:25):
To pick up the helicopter?
Speaker 2 (17:27):
And that was that was happiness to them and then
they realized, Okay, life does not work that way.
Speaker 1 (17:34):
Just wanted to share that with you to this day.
Speaker 2 (17:36):
My kids, you know, Dad, can you get me some
tickets to Wango Tango because you work at iHeart.
Speaker 1 (17:40):
Yeah, can you arrange the helicopter? No, I can't. True.
Speaker 3 (17:45):
Yeah, sitting in the nosebleeds now pales in comparison to
that first experience.
Speaker 2 (17:48):
And yeah, if you have the bad, bad luck to
fly first class your first trip, if you're upgraded, your
life is finished.
Speaker 1 (17:57):
Yeah, don't take it.
Speaker 3 (17:59):
That's right.
Speaker 1 (18:00):
I'm with you.
Speaker 3 (18:00):
I think it's spot on. And then we begin to
expect these things, and then every time we get something
slightly inferior, we're doomed to being miserable.
Speaker 2 (18:08):
All right, Joel, thank you. We'll catch you this weekend,
Sunday twelve to two. Now, some stats for you, no surprise.
La County is the capital of ADUs right new backyard
housing and La County of course more than any in
the state.
Speaker 1 (18:24):
And it's per capital.
Speaker 2 (18:25):
Okay, I'm not talking about the sheer numbers because La
County of course is the biggest county also. And it's
really too early to tell if his Adu boom has
changed the housing affordability crisis, because that's really what was
the engine that started all of this, and that is
we don't have enough housing. So the state changed the
(18:45):
rules and cities cannot stop ADUs from being built. These
additional dwelling units. It used to be known as granny flats,
and a lot of people are renting them out and
we're finding more and more about them. It seems to
be working, but in small numbers. But a couple things
are coming out, and that is the majority of them
(19:07):
aren't separate buildings, either converting garages or adding to the
house because people don't have room to build a separate structure.
We know that in the poorer areas, of course, it's
for rent, is what they're using it for. In the
richer areas, it's basically just an extra bedroom, just adds footage.
(19:31):
San Fernando is the capital of the ADUs in La County.
Nearly seventy abadus per a thousand existing housing units. That's
a lot that's three times as high. And so there
are a few cities that are the lowest right the
most construction San Fernando, Rosemey, Temple City, Sierra Madre, Hidden Hills.
Speaker 1 (19:54):
The cities that built.
Speaker 2 (19:55):
The fewest Hawthorn, Commerce, Kuda, Hay Crito's and Westley Village Commerce.
Nobody lives there right. Commerce is all about commerce.
Speaker 1 (20:06):
Westlake Village. They're not doing it much.
Speaker 2 (20:09):
Because Westlake Village is pretty rich and I don't think
they need it, and everybody hates their in laws there,
so why would you build a du for in laws?
Speaker 1 (20:21):
I did tell you couldn't pay me to put.
Speaker 2 (20:23):
An ADU into my yard for my in laws. The
bottom line is the numbers are still out there.
Speaker 1 (20:32):
We really do know.
Speaker 2 (20:34):
The cities that did allow more ADUs actually saw benefits.
Housing stocks increased, numbers of units, of course increase.
Speaker 1 (20:45):
Now does that mean it is.
Speaker 2 (20:47):
Helped in terms of the number of houses available? Of course,
of course, except a lot of the not all of
these are for rental. And the ones that are for
rental is really what mattters, because this is really about
additional housing. If you're in west Lake Village or you
live in a wealthy area and you're building an ADU
(21:08):
and you're not renting it.
Speaker 1 (21:09):
What does that do? Nothing? And you have a neat
guest room is what you have? And is it making
any inroads?
Speaker 2 (21:18):
Tiny little bit San Fernento, for example, the housing stock
went up one point eight percent, not very much, but
if it keeps on increasing, there's going to be We
think they think. The studies show the cities are telling
us it looks like there's actually going to be somewhat
of an impact. I analogize everything the homelessness, and they
(21:41):
are connected because people can't afford to live in homes
or rent and therefore they're homeless on the street, and
how do you help them incrementally? So is simply going
to be a question of how many are out there,
over how long.
Speaker 1 (21:53):
A period of time they're going to be built.
Speaker 2 (21:55):
And now there's only a few thousand in let's say county,
and then it goes up and up and up, and
you add a couple of thousand every year, and all
of a sudden you've got some real numbers.
Speaker 1 (22:08):
All right.
Speaker 2 (22:09):
Mo Kelly host of Later with Mo Kelly Monday through Friday,
seven to ten pm. He's at mister mo Kelly the
Social address.
Speaker 1 (22:20):
Mo Good morning, Good morning Bill.
Speaker 2 (22:22):
I have been watching the Olympics because I love the Olympics,
and Snoop dog is all over the Olympics and he
does it in his own inimitable style. And I don't
know who made the decision to incorporate Snoop Dogg, I
mean all.
Speaker 1 (22:39):
Through it, but it was brilliant. I am sure that well.
Speaker 2 (22:42):
I think he has made the coverage go to a
whole new level.
Speaker 1 (22:46):
What's been the response if.
Speaker 4 (22:48):
The response has been overwhelming, not only in a broadcast sense,
not only in a streaming sense, but an online sense.
You see these short thirty second and sixty second TikTok
style clips which are everywhere of Snoop either interviewing athletes
or offering commentary on live action events. It has been
(23:08):
a brilliant, brilliant addition addition to the Olympic coverage. And
whoever decided it should get a raise or promotion, Hey,
let me.
Speaker 2 (23:17):
Ask Snoop Dogg, who is now or about Snoop Dogg
who is now in so many commercials, he is on
so many platforms, and he's obviously become one of the
big big players in the world of entertainment and in
the world of advertisement. So how does a guy who
is a rapper, very talented one, what is he breaks
(23:41):
through in a way that for example, Jay Z doesn't
not that in terms of money, but just you've got
major major players who don't do what Snoop Dogg does.
Speaker 1 (23:50):
Analyze that for a moment.
Speaker 4 (23:51):
He transcends what he does, and I think it all
is traceable back to his time of booking, baking and
cooking with Martha Stewart. He was exposed to a demographic
in as far as ethnicity and also age that no
one else had ever expected him to be able to reach.
And I think Martha Stewart ushered him into general America
(24:13):
in a way that no one could have foreseen. And
everything has grown since then and then, and also Snoop
has done his own baking shows, He's had commercials with
beer products and and and types of products which are
outside of what I would say call urban urban or
urban America. And he's just developed into a worldwide personality
(24:34):
who also raps.
Speaker 2 (24:35):
Hey, let me ask this because you know you've got
Snoop Dogg and I wasn't aware of Snoop Dogg now
as an even early age he was one of the
bad guys because rappers are not this benign, wonderful, warm
group of people. I mean, you have Will Smith with
his uh, obviously his rap which was never threatening, but
(24:58):
talk about Snoop Dogg was and has he morphed or
is he still basically the same guy as he was
twenty years ago?
Speaker 4 (25:06):
Personality, same guy if you've ever met Snoop, he's always
been that.
Speaker 1 (25:10):
Fun loving guy.
Speaker 4 (25:11):
But as far as his profile, no he was an
actual crypt gangster from Long Beach. He had a murder
charge that he did beat many many years ago. He
has completely revolutionized and reinvented his persona. But as a
person if you've ever dealt with them, he's always been
fun loving, with the exception of his gangster side, which
(25:32):
is legitimate. But he's a grandfather now. He coaches Pop
Warner football. He's all about the things that a man
who is actually aging and becoming more mature would be into.
Speaker 1 (25:46):
And I don't know this answer. Does he still perform rap?
Speaker 4 (25:49):
Yes, he does, but just very infrequently.
Speaker 2 (25:51):
Yeah, and I'll Mitch he gets the tickets all right,
by the way, the highlight for you for the.
Speaker 1 (25:58):
Olympics as you've been watching him.
Speaker 4 (26:00):
I think it's Simone Biles because it's the arc of
her story crossing three different Olympics, her success in twenty sixteen,
her mental and emotional issues in twenty twenty one, where
she pulled out of Tokyo, and to then come back
and still remain at the top of her game and
lead the Olympic women's team to gold medal.
Speaker 3 (26:20):
Is I think the story of the Olympics.
Speaker 1 (26:21):
Yeah.
Speaker 2 (26:22):
Also, there's a documentary on Netflix that I just started watching,
a two parter.
Speaker 1 (26:26):
I saw the first part about.
Speaker 2 (26:27):
Simon Biles and what she went through the last few years.
It really is an extraordinary story. Also, it talks about
the house that she and Jonathan Owens built.
Speaker 1 (26:39):
Yeah, pretty impressive to say the least. And there's another one.
Speaker 2 (26:41):
How many commercials is she not in during the Olympic coverage?
Speaker 3 (26:47):
Not?
Speaker 1 (26:47):
All right, I'm sorry, go.
Speaker 4 (26:50):
Ahead, No, she's there are not many that she's not in.
Speaker 2 (26:52):
Right, exactly, all right, Mo, catch you tonight later with
MO Kelly and we'll see you next week.
Speaker 1 (26:59):
Talk soon.
Speaker 2 (27:00):
Okay, that's it. We're done, guys, Just like I promised. Yeah,
with the big wave from Amy, I'm taking phone calls
starting in just a moment for handle on the law,
marginal legal advice, and I'm gonna do it off the air.
And as I said, we will have no breaks, we'll
have no commercials, I will have no patience. So we're
(27:21):
gonna go through these phone calls relatively quickly, so you're
not gonna be waiting very long, which you can on weekends,
the number is eight seven seven five two zero eleven
fifty eight seven seven five two zero eleven fifty And
tomorrow morning, Friday starts all over again, Amy with wake
Up Call, Neil and I come back at where we
come at six, and we're all here until nine.
Speaker 1 (27:42):
This is kf I.
Speaker 2 (27:43):
Am six forty Live everywhere on the iHeartRadio app.
Speaker 1 (27:47):
You've been listening to the Bill Handle Show.
Speaker 2 (27:49):
Catch My Show Monday through Friday six am to nine am,
and anytime on demand on the iHeartRadio app
You're listening to Bill Handle on demand from KFI AM
six forty.
Speaker 2 (00:07):
And this is KFI AM six forty Bill Handle here
on a Thursday, August one hot the heat wave all
over the country. It's the horrible stuff as far as
the wildfires, all the good stuff with the.
Speaker 1 (00:22):
Olympics, by the way. That is kind of fun watching
what's going on with the Olympics. By the way. Today's
podcast that drops today, the Bill.
Speaker 2 (00:29):
Handleshow podcast that I just started Tuesdays and Thursdays, drops
at nine o'clock today is the Olympics you don't know about.
And that's just go to the Bill Handle Show podcast
on Spotify or iHeartRadio app or any of these platforms.
It's the Bill Handle Show podcasts today at nine and
(00:51):
then you can listen to the rest of them that
I've put up there too. And since I don't never
I never listen to any of my podcasts or anything
I've ever done on the air, like your opinion on it,
I'm getting some really good ones.
Speaker 1 (01:01):
Bill. You are horrible. Bill.
Speaker 2 (01:03):
This is the worst stuff I've ever listened to in
my life. Bill, You're as bad as podcast as you
are on the air. I get a lot of those.
And by the way, here's what, here's the secret. Agree
with everybody. Just agree you're right.
Speaker 1 (01:16):
I'm horrible. I don't know how you're on the air.
You're right. I don't know either. It's a mystery to
me too. Joe Larsgard how to.
Speaker 2 (01:26):
Money every Sunday from twelve to two pm right here
on KFI.
Speaker 1 (01:31):
Good morning, Joel.
Speaker 3 (01:33):
I'm always shocked that you're on the air every week.
Speaker 1 (01:35):
You know, I have to tell you.
Speaker 2 (01:36):
You got me on that one, truly, I mean, and
it's and incidentally, it's not I'm just it's not the
a shucks, you know, with my finger in my chin thing.
Here's and here's my philosophy, and I think it works.
It's not that I am good, it's just that everybody
else is bad. I mean, it really sucks. And to
that point, anxiety and avoidance driving the financial decision of
(02:00):
a lot of Americans.
Speaker 1 (02:02):
And here is the way I view it.
Speaker 2 (02:06):
The more miserable you are about your finances, the happier
I am. That's where my happiness is, not how much
I have, but how little you have.
Speaker 3 (02:17):
Yeah, just being better than the next guy, that's.
Speaker 1 (02:19):
All it takes.
Speaker 2 (02:21):
Yeah, So let's talk about that anxiety avoidance. I would
think it's always the case, but is it particularly prevalent now.
Speaker 3 (02:30):
I mean, I don't know if it's more prevalent now
than it was ten years ago. But it's a massive problem,
and it also doesn't help create a solution. We know
this anxiety and avoidance and some of those things. There's
a certain amount of anxiety that can actually, I think
be beneficial. Think about those Olympians you were referencing, and
you're at the ping pong table. I'm sure you got
(02:52):
some blood flowing through your veins, You're a little pumped up,
your heart rates higher than normal because you're going to
battle against another country to try to win a metal. Well,
there are some instances, of course where anxiety can fuel
us towards doing better and so I but this anxiety
and avoidant survey that Discover released, the vast majority of
people feel a whole lot of that when it comes
(03:12):
to their finances, and I think a lot of that
is actually demotivating. It causes people to stick their head
in the sand instead of taking proactive measures to kind
of move their financial lives forward in a positive way.
Speaker 2 (03:23):
How do we do relative to other countries I know,
savings wise were prettywhere near the bottom of the barrel
where you got. In Japan, for example, they save up
to I think a third of their disposable income, like
astronomical amounts of savings. Have we gotten worse better or
that's where we are at the bottom of the barrel.
Speaker 3 (03:42):
Our savings rates. I mean during COVID just shot through
the roof, right because we were at home, and then
like money was being poured into our bank accounts for
the federal government. But then now savings rates have declined
back to pre pandemic norms, if not worse. And so
I think that's a big part of what causes people
anxiety bill and it makes sense, right if you're living
to pay paycheck to paycheck, if you've exhausted what's in
your savings, you're gonna feel more anxiety about the future.
(04:04):
And that is one of those solutions I think to
feeling less anxiety is one like not avoiding the problem
altogether and then coming up with the plan to at
least slowly but surely start to pad that savings account,
because there is something about one taking action, and there's
something too about having the liquid cash in your savings
even if it's just little by little, like Rome wasn't
built in today, we're not talking about like, oh, you're
(04:26):
gonna have five thousand bucks next month. But even if
it's just twenty bucks here, thirty bucks there. Yeah, over time,
you're gonna feel far less anxiety because you're gonna have
the funds to back you up when the emergency happens.
Speaker 1 (04:36):
Yeah.
Speaker 2 (04:36):
Making that decision though early on, telling people in their twenties,
even their thirties, and explaining what long term compound interest
saying that let's say you save up and you're going
in your retirement and right now it's two hundred dollars,
right next month, it'll be another.
Speaker 1 (04:54):
Two hundred and four hundred dollars.
Speaker 2 (04:55):
This small money, but at the end of forty years,
even a month of additional money is astronomical.
Speaker 3 (05:04):
And you're right, this is like a key part. And
this is why I'm glad we're going to have personal
finance classes in high schools across the state of California
in just a few years time, because these are the
kind of things that most people don't realize and they
don't think. They think got small potatoes. It's five bucks here,
it's ten bucks there, And I mean I remember my
mom when I was a kid, I mean, not like
(05:24):
this brilliant financial mind, but she would talk about just
like those little choices and how they did add up
an impact. And she wasn't even talking about compounding interest.
I don't think she knew what it was back then,
but it reminded me that every little decision matters when
it comes to my money. And if you do it
seems like it seems silly, but it's just a few
bucks here and there in your investment account really does
(05:44):
add up over the decades, and yeah, you might find
yourself with one hundred and fifty thousand dollars instead of
the ten thousand dollars you otherwise would have had, just
from those small, seemingly insignificant decisions.
Speaker 1 (05:55):
Yeah, I got the same thing.
Speaker 2 (05:57):
I remember my father who pissed away all of it
money and took all the retirement money so my mother
would have nothing.
Speaker 1 (06:04):
And he was.
Speaker 2 (06:06):
Brilliant to financial decision because he knew I'm a gold
medalist in the Jewish Guilt Olympics, and he knew that
I would be taking care of her for the rest
of my life simply because I'm guilty until the day
she died. Yep, see that is a good financial decision.
Played his card right, Oh, yes he did, Yes, he did,
(06:26):
all right. Joe Larsgard how to Money every Sunday from
twelve to two pm right here on KFI.
Speaker 1 (06:33):
Good morning, Joel.
Speaker 2 (06:35):
Anxiety and avoidance driving the financial decisions of a lot
of Americans.
Speaker 1 (06:42):
And here is the way I view it.
Speaker 2 (06:46):
The more miserable you are about your finances, the happier
I am.
Speaker 1 (06:51):
That's where my happiness is, not how much I have,
but how little you have.
Speaker 3 (06:57):
Yeah, just being better than the next guy.
Speaker 1 (06:59):
That's all it takes.
Speaker 2 (07:01):
Yeah, So let's talk about that anxiety avoidance. I would
think it's always the case, but is it particularly prevalent now.
Speaker 3 (07:10):
I mean, I don't know if it's more prevalent now
than it was ten years ago. But it's a massive problem.
And it also doesn't help create a solution.
Speaker 2 (07:19):
Right.
Speaker 3 (07:19):
We know this anxiety and avoidance and some of those things.
There's a certain amount of anxiety that can actually, I think,
be beneficial. Think about those Olympians you were referencing, and
you're at the ping pong table. I'm sure you got
some blood flowing through your veins. You're a little pumped up,
your heart rates higher than normal because you're going to
battle against another country to try to win a metal.
(07:40):
There are some instances, of course where anxiety can fuel
us towards doing better and so I but this anxiety
and avoidance survey that Discover released, the vast majority of
people feel a whole lot of that when it comes
to their finances, and I think a lot of that
is actually demotivating. It causes people to stick their head
in the sand instead of taking proactive measures to kind
(08:01):
of move their financial lives forward in a positive way.
Speaker 1 (08:04):
How do we do relative to other countries?
Speaker 2 (08:06):
I know, savings wise were prettywhere near the bottom of
the barrel where you got In Japan, for example, they
save up to I think a third of their disposable income,
like astronomical amounts of savings.
Speaker 1 (08:19):
Have we gotten worse better or that's where we are
at the bottom of the barrel?
Speaker 3 (08:23):
Our savings rates, I mean during COVID just shot through
the roof right because we were at home, and then
like money was being pourtant to our bank accounts from
the federal government. But then how savings rates have declined
back to back to pre pandemic norms, if not worse,
and so I think that's a big part of what
causes people anxiety bill and it makes sense, right if
you're living to paycheck to paycheck, if you've exhausted what's
in your savings, you're gonna feel more anxiety about the future.
(08:45):
And that is one of those solutions I think to
feeling less anxiety is one like not avoiding the problem
altogether and then coming up with the plan to at
least slowly but surely start to pad that savings account,
because there is something about one taking action. And there's
something too about having the liquid cash in your savings,
even if it's just little by little like Rome wasn't
built in today, We're not talking about like, oh, you're
(09:06):
gonna have five thousand bucks next month, but even if
it's just twenty bucks here, thirty bucks there, over time,
you're gonna feel far less anxiety because you're gonna have
the funds to back you up when the emergency happens.
Speaker 2 (09:16):
Yeah, making that decision though early on, telling people in
their twenties, even their thirties, and explaining what long term
compound interest saying that let's say you save up and
you're going in your retirement and right now it's two
hundred dollars.
Speaker 1 (09:33):
Right next month, it'll be another two hundred and four
hundred dollars.
Speaker 2 (09:36):
This small money, but at the end of forty years,
even a month of additional money is astronomical.
Speaker 3 (09:44):
And you're right, this is like a key part. And
this is why I'm glad we're gonna have personal finance
classes in high schools across the state of California in
just a few years time, because these are the kind
of things that most people don't realize and they don't think.
They think got small potatoes. It's five bucks here's it's
ten bucks there. And I mean, I remember my mom
when I was a kid. I mean, not like this
(10:05):
brilliant financial mind, but she would talk about just like
those little choices and how they did add up an impact.
And she wasn't even talking about compounding interest. I don't
think she knew what it was back then. But it
reminded me that every little decision matters when it comes
to my money, and if you do it seems like
it seems silly, but it's just a few bucks here
and there in your investment account really does add up
(10:25):
over the decades, and yeah, you might find yourself with
one hundred and fifty thousand dollars instead of the ten
thousand dollars you otherwise would have had, just from those small,
seemingly insignificant decisions.
Speaker 1 (10:35):
Yeah, I got the same thing.
Speaker 2 (10:37):
I remember my father who kissed away all of his
money and took all the retirement money so my mother
would have nothing. And he was brilliant to financial decision
because he knew I'm a gold medalist in the Jewish
Guilt Olympics, and he knew that I would be taking
care of her for the rest of my life simply
because I'm guilty until the day she died.
Speaker 1 (10:59):
Yep. See that is a good financial decision. Played his
card right, Oh yes he did, Yes, he did. All right.
A new study just came out.
Speaker 2 (11:08):
And we've talked about this, Joel, many many times before,
and that is money and happiness.
Speaker 1 (11:14):
How the two connect.
Speaker 2 (11:15):
And it's sort of a given that we think money
gives us. You get a raise, for example, and that's
going to make us happy. That actually disappears very quickly.
You get used to it.
Speaker 1 (11:25):
It's done. I remember when I was.
Speaker 2 (11:26):
In business school before I went to law school, and
I resigned from business school two and a half seconds
before they were going to throw me out because I.
Speaker 1 (11:35):
Couldn't quite make the raid. But that was a big,
big part of it.
Speaker 2 (11:38):
It's giving people raises did not necessarily mean happiness, or
if it did, it was very short lived, and there
were other ways of doing it so of making people happy,
and we've gone through that, so.
Speaker 1 (11:49):
Let's talk about that. What does this study sets say?
Speaker 3 (11:51):
Yeah, so, I mean it's one of the most fascinating
conversations because we all want to be happy, right, and
there's this myth, especially the United States of America, then
more money equals more happiness. And there have been conflicting
studies over the years too about well, how much is
happiness impacted by the amount of money in our bank
account our retirement accounts? And one study, I guess this
(12:12):
was probably eight or nine years ago, said that, oh,
once you hit this like seventy five thousand dollars earning threshold,
that's pretty much the maximum satisfaction that you're going to get,
the maxim amount of happiness that you're going to drive
from money. It doesn't matter if you get paid five
x that you're not going to be a happier person.
But then other studies, including a recent one from the
Wharton School, found that actually, no, there is still greater
(12:36):
there's greater levels of happiness you can achieve as your
income grows, and so it's just like, really, it's really
hard to figure out. I think in all these studies
there's a reason there's conflicting evidence because we're dealing with
like human beings and we're dealing with this kind of
this thing called money that we've all invented in it,
but it's the rules that we play by. It's like
the ocean that we swim in now, and it's really
(12:58):
hard to determine how much which money is actually impacting
our happiness. I think that's ultimately what this reveals by
all these different studies coming out with kind of different data.
Speaker 1 (13:07):
You know, I was once told and it made a
lot of sense. Boy, this resonated.
Speaker 2 (13:10):
It's not that money makes you happy. It's not having
money makes you unhappy. Yes that you and I truly
believe that that it is a negative. If you don't
have enough, you're unhappy. If you have enough, If you
if you have enough, you're happy. And I think I
would think if you're comfortable and your lifestyle.
Speaker 1 (13:31):
Is that you have enough after that.
Speaker 2 (13:33):
I mean, does it really matter if you're flying in
a private jet or not?
Speaker 1 (13:37):
I mean, is that gonna make you happier?
Speaker 2 (13:38):
It's going to be more fun, But does that make
you a happier whom human being?
Speaker 1 (13:43):
I don't think so.
Speaker 2 (13:44):
No.
Speaker 3 (13:45):
Yeah, I agree. And there's this line in the study,
and I'll quote it verbatim. It said, a greater feeling
of control over life can explain about seventy five percent
of the association between money and happiness. And I do
think that that's really gets at the heart of this
that I do think that that people who and this
is why money in the bank account is so much
(14:05):
better off than the money that you're spending on the
stuff to try to keep up some sort of fancy lifestyle.
Because yeah, it is that sense of control that you have,
the sense of independence that you have where hey, guess what,
I actually can tell my boss to shove it if there,
and I can quit if I want to because I
have the money to back me up. And so yeah,
(14:26):
I think it's not necessarily the increase in lifestyle, but
it's the greater level of control that you're able to
achieve by having more levels of money over time.
Speaker 2 (14:33):
I've talked to many people and we've heard this over
and over again, people that grew up dirt poor and said,
I didn't know I was poor because everybody around me
was poor. So we didn't know, and so we were
happy with what we had because didn't know the difference.
And so, you know, there were times my life when
(14:54):
I was struggling, and there are times my life that, well,
I'm always struggling, but times my life when I make
a very good living.
Speaker 1 (15:02):
I'm just as miserable.
Speaker 2 (15:04):
But the point is is that the misery of not
having money is not part of my life. So not
having money adds to your misery, and that just that
part is taken away.
Speaker 3 (15:16):
Well, that goes back to the Roosevelt quote that comparison
is the thief of joy, right, And I think that
that's part of what social media does is we're able
to see more and more, Oh, my friend went to
this on this awesome beach vacation, or went to this
sweet island, and look at me stuck at home, not
enjoying my summer in the same way. And I do
think that that comparison is a huge part of what
makes us think. It fuels that desire that I need
(15:38):
more and more and more because that's what's going to
make me happy. Whereas if we just kind of cut
off that influence, we'd be happier just by not having
seen those pictures, not having seen how supposedly great their
vacation was, and how crummy our life looks in comparison.
So I think that's definitely that's part of it too.
And when you look at one of the best writers
on happiness these days is Arthur Brooks who writes over
(15:58):
at the Atlantic, and he just talks about all these
other things that are so crucial to our ability to
maintain happiness, and he says, reasonable standard of living, yes,
is one of those, but then there are all these
other factors. And because we're so busy serving the almighty dollar,
oftentimes we're not thinking about our physical health, our mental health,
our relationships, the beauty and nature around us, and stuff
(16:19):
like that. I don't want to get too existential, but like,
those are really important parts of a happy life, and
we're so focused on money that oftentimes we're actually less
happy because of it.
Speaker 2 (16:28):
Yeah, just a quick story, and I'm going to run
a little bit over is the first time my daughters
went to a rock concert. They were eight or nine
years old, and it was during the Golf War where
KFI was really involved in raising money for the Armed services.
And I had been asked to go and present a
check at a Wango Tango event at Anaheim Stadium prior
(16:49):
to all the rock the rock groups coming up.
Speaker 1 (16:52):
And so my daughters. I took my daughter's and.
Speaker 2 (16:55):
Because it was a Kiss event and the Kiss had
the helicopter, we went to the air helicopter picked us up,
flew to Anaheim Stadium, circle the stadium into the parking lot,
a cart picks us up, golf cart takes us backstage.
We hung out with everybody. When the concert was over,
went back to the parking lot, took the helicopter back
to the airport and picked up my car. All right,
(17:18):
the second time my kids went to a concert that
I was taking, it's dad, or are we going to
the airport.
Speaker 1 (17:25):
To pick up the helicopter?
Speaker 2 (17:27):
And that was that was happiness to them and then
they realized, Okay, life does not work that way.
Speaker 1 (17:34):
Just wanted to share that with you to this day.
Speaker 2 (17:36):
My kids, you know, Dad, can you get me some
tickets to Wango Tango because you work at iHeart.
Speaker 1 (17:40):
Yeah, can you arrange the helicopter? No, I can't. True.
Speaker 3 (17:45):
Yeah, sitting in the nosebleeds now pales in comparison to
that first experience.
Speaker 2 (17:48):
And yeah, if you have the bad, bad luck to
fly first class your first trip, if you're upgraded, your
life is finished.
Speaker 1 (17:57):
Yeah, don't take it.
Speaker 3 (17:59):
That's right.
Speaker 1 (18:00):
I'm with you.
Speaker 3 (18:00):
I think it's spot on. And then we begin to
expect these things, and then every time we get something
slightly inferior, we're doomed to being miserable.
Speaker 2 (18:08):
All right, Joel, thank you. We'll catch you this weekend,
Sunday twelve to two. Now, some stats for you, no surprise.
La County is the capital of ADUs right new backyard
housing and La County of course more than any in
the state.
Speaker 1 (18:24):
And it's per capital.
Speaker 2 (18:25):
Okay, I'm not talking about the sheer numbers because La
County of course is the biggest county also. And it's
really too early to tell if his Adu boom has
changed the housing affordability crisis, because that's really what was
the engine that started all of this, and that is
we don't have enough housing. So the state changed the
(18:45):
rules and cities cannot stop ADUs from being built. These
additional dwelling units. It used to be known as granny flats,
and a lot of people are renting them out and
we're finding more and more about them. It seems to
be working, but in small numbers. But a couple things
are coming out, and that is the majority of them
(19:07):
aren't separate buildings, either converting garages or adding to the
house because people don't have room to build a separate structure.
We know that in the poorer areas, of course, it's
for rent, is what they're using it for. In the
richer areas, it's basically just an extra bedroom, just adds footage.
(19:31):
San Fernando is the capital of the ADUs in La County.
Nearly seventy abadus per a thousand existing housing units. That's
a lot that's three times as high. And so there
are a few cities that are the lowest right the
most construction San Fernando, Rosemey, Temple City, Sierra Madre, Hidden Hills.
Speaker 1 (19:54):
The cities that built.
Speaker 2 (19:55):
The fewest Hawthorn, Commerce, Kuda, Hay Crito's and Westley Village Commerce.
Nobody lives there right. Commerce is all about commerce.
Speaker 1 (20:06):
Westlake Village. They're not doing it much.
Speaker 2 (20:09):
Because Westlake Village is pretty rich and I don't think
they need it, and everybody hates their in laws there,
so why would you build a du for in laws?
Speaker 1 (20:21):
I did tell you couldn't pay me to put.
Speaker 2 (20:23):
An ADU into my yard for my in laws. The
bottom line is the numbers are still out there.
Speaker 1 (20:32):
We really do know.
Speaker 2 (20:34):
The cities that did allow more ADUs actually saw benefits.
Housing stocks increased, numbers of units, of course increase.
Speaker 1 (20:45):
Now does that mean it is.
Speaker 2 (20:47):
Helped in terms of the number of houses available? Of course,
of course, except a lot of the not all of
these are for rental. And the ones that are for
rental is really what mattters, because this is really about
additional housing. If you're in west Lake Village or you
live in a wealthy area and you're building an ADU
(21:08):
and you're not renting it.
Speaker 1 (21:09):
What does that do? Nothing? And you have a neat
guest room is what you have? And is it making
any inroads?
Speaker 2 (21:18):
Tiny little bit San Fernento, for example, the housing stock
went up one point eight percent, not very much, but
if it keeps on increasing, there's going to be We
think they think. The studies show the cities are telling
us it looks like there's actually going to be somewhat
of an impact. I analogize everything the homelessness, and they
(21:41):
are connected because people can't afford to live in homes
or rent and therefore they're homeless on the street, and
how do you help them incrementally? So is simply going
to be a question of how many are out there,
over how long.
Speaker 1 (21:53):
A period of time they're going to be built.
Speaker 2 (21:55):
And now there's only a few thousand in let's say county,
and then it goes up and up and up, and
you add a couple of thousand every year, and all
of a sudden you've got some real numbers.
Speaker 1 (22:08):
All right.
Speaker 2 (22:09):
Mo Kelly host of Later with Mo Kelly Monday through Friday,
seven to ten pm. He's at mister mo Kelly the
Social address.
Speaker 1 (22:20):
Mo Good morning, Good morning Bill.
Speaker 2 (22:22):
I have been watching the Olympics because I love the Olympics,
and Snoop dog is all over the Olympics and he
does it in his own inimitable style. And I don't
know who made the decision to incorporate Snoop Dogg, I
mean all.
Speaker 1 (22:39):
Through it, but it was brilliant. I am sure that well.
Speaker 2 (22:42):
I think he has made the coverage go to a
whole new level.
Speaker 1 (22:46):
What's been the response if.
Speaker 4 (22:48):
The response has been overwhelming, not only in a broadcast sense,
not only in a streaming sense, but an online sense.
You see these short thirty second and sixty second TikTok
style clips which are everywhere of Snoop either interviewing athletes
or offering commentary on live action events. It has been
(23:08):
a brilliant, brilliant addition addition to the Olympic coverage. And
whoever decided it should get a raise or promotion, Hey,
let me.
Speaker 2 (23:17):
Ask Snoop Dogg, who is now or about Snoop Dogg
who is now in so many commercials, he is on
so many platforms, and he's obviously become one of the
big big players in the world of entertainment and in
the world of advertisement. So how does a guy who
is a rapper, very talented one, what is he breaks
(23:41):
through in a way that for example, Jay Z doesn't
not that in terms of money, but just you've got
major major players who don't do what Snoop Dogg does.
Speaker 1 (23:50):
Analyze that for a moment.
Speaker 4 (23:51):
He transcends what he does, and I think it all
is traceable back to his time of booking, baking and
cooking with Martha Stewart. He was exposed to a demographic
in as far as ethnicity and also age that no
one else had ever expected him to be able to reach.
And I think Martha Stewart ushered him into general America
(24:13):
in a way that no one could have foreseen. And
everything has grown since then and then, and also Snoop
has done his own baking shows, He's had commercials with
beer products and and and types of products which are
outside of what I would say call urban urban or
urban America. And he's just developed into a worldwide personality
(24:34):
who also raps.
Speaker 2 (24:35):
Hey, let me ask this because you know you've got
Snoop Dogg and I wasn't aware of Snoop Dogg now
as an even early age he was one of the
bad guys because rappers are not this benign, wonderful, warm
group of people. I mean, you have Will Smith with
his uh, obviously his rap which was never threatening, but
(24:58):
talk about Snoop Dogg was and has he morphed or
is he still basically the same guy as he was
twenty years ago?
Speaker 4 (25:06):
Personality, same guy if you've ever met Snoop, he's always
been that.
Speaker 1 (25:10):
Fun loving guy.
Speaker 4 (25:11):
But as far as his profile, no he was an
actual crypt gangster from Long Beach. He had a murder
charge that he did beat many many years ago. He
has completely revolutionized and reinvented his persona. But as a
person if you've ever dealt with them, he's always been
fun loving, with the exception of his gangster side, which
(25:32):
is legitimate. But he's a grandfather now. He coaches Pop
Warner football. He's all about the things that a man
who is actually aging and becoming more mature would be into.
Speaker 1 (25:46):
And I don't know this answer. Does he still perform rap?
Speaker 4 (25:49):
Yes, he does, but just very infrequently.
Speaker 2 (25:51):
Yeah, and I'll Mitch he gets the tickets all right,
by the way, the highlight for you for the.
Speaker 1 (25:58):
Olympics as you've been watching him.
Speaker 4 (26:00):
I think it's Simone Biles because it's the arc of
her story crossing three different Olympics, her success in twenty sixteen,
her mental and emotional issues in twenty twenty one, where
she pulled out of Tokyo, and to then come back
and still remain at the top of her game and
lead the Olympic women's team to gold medal.
Speaker 3 (26:20):
Is I think the story of the Olympics.
Speaker 1 (26:21):
Yeah.
Speaker 2 (26:22):
Also, there's a documentary on Netflix that I just started watching,
a two parter.
Speaker 1 (26:26):
I saw the first part about.
Speaker 2 (26:27):
Simon Biles and what she went through the last few years.
It really is an extraordinary story. Also, it talks about
the house that she and Jonathan Owens built.
Speaker 1 (26:39):
Yeah, pretty impressive to say the least. And there's another one.
Speaker 2 (26:41):
How many commercials is she not in during the Olympic coverage?
Speaker 3 (26:47):
Not?
Speaker 1 (26:47):
All right, I'm sorry, go.
Speaker 4 (26:50):
Ahead, No, she's there are not many that she's not in.
Speaker 2 (26:52):
Right, exactly, all right, Mo, catch you tonight later with
MO Kelly and we'll see you next week.
Speaker 1 (26:59):
Talk soon.
Speaker 2 (27:00):
Okay, that's it. We're done, guys, Just like I promised. Yeah,
with the big wave from Amy, I'm taking phone calls
starting in just a moment for handle on the law,
marginal legal advice, and I'm gonna do it off the air.
And as I said, we will have no breaks, we'll
have no commercials, I will have no patience. So we're
(27:21):
gonna go through these phone calls relatively quickly, so you're
not gonna be waiting very long, which you can on weekends,
the number is eight seven seven five two zero eleven
fifty eight seven seven five two zero eleven fifty And
tomorrow morning, Friday starts all over again, Amy with wake
Up Call, Neil and I come back at where we
come at six, and we're all here until nine.
Speaker 1 (27:42):
This is kf I.
Speaker 2 (27:43):
Am six forty Live everywhere on the iHeartRadio app.
Speaker 1 (27:47):
You've been listening to the Bill Handle Show.
Speaker 2 (27:49):
Catch My Show Monday through Friday six am to nine am,
and anytime on demand on the iHeartRadio app
The Bill Handel Show News
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