August 21, 2025 • 30 mins
8:05 - Joel Larsgaard talks money
8:20 - More with Joel Larsgaard
8:35 - Newly banned TSA items
8:50 - There's no such thing as a "Coolcation."
8:20 - More with Joel Larsgaard
8:35 - Newly banned TSA items
8:50 - There's no such thing as a "Coolcation."
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
You're listening to k I Am six forty the bill
Handle Show on demand on the iHeartRadio appf I Am.
Speaker 2 (00:10):
Forty bill Handle.
Speaker 1 (00:11):
It is a Thursday morning, August twenty one. Tomorrow morning
at eight thirty it's Ask Handle Anything right after Oody Friday.
And here's how it works, where you get to ask
me anything and I get to answer in my usual spontaneous,
embarrassing way.
Speaker 2 (00:32):
That is, during the course of the show. I still
have another hour to go.
Speaker 1 (00:35):
You go on the iHeartRadio app, click onto the bill
Handle show microphone in the upright hand corner, click on that,
and you got fifteen twenty seconds to ask a question
of any kind. And I'm pretty honest because people are
always asking what I'm like, but that's because I'm behind
the microphone. Or what's Neil like, or what Tim's like?
What John is like? So we get a lot of those.
(00:58):
So I thought I would answer some questions, and so
we need you to do that, all right. Joe Larsgard,
who nobody cares about, a host of How to Money
every Sunday twelve pm to two pm, and he's at
how to Money.
Speaker 2 (01:14):
Joel, Good morning, Joel. Not even my family, Bill cares
about I know that highlighting that.
Speaker 1 (01:19):
Yeah, as much as I kid you about that, it's
absolutely true. And no one has ever asked me about you. Okay,
So let's start moving along with some of the topics.
We're going to talk about two things one and it's
the same same subject alternative assets, and so many of
(01:41):
them underperform and people are making or putting them in
retirement accounts. First of all, let's talk about what is
an alternative asset and why do so many underperform?
Speaker 3 (01:55):
Yeah, so, alternative assets are like private investments that you
can partake and instead of investing in public companies like
the Amazons and the Apples of this world and investing
in index funds right where you're holding a basket of
publicly traded companies, you're instead choosing to invest in more
potentially big deals but still more niche than a publicly
(02:18):
traded company. And let's say what like, for instance, real estate,
Lots of real estate deals can be privately traded. You
can invest in real estate through publicly traded real estate
investment trusts, but you can also invest through syndication deals
that are more local and more niche that investors are
raising money for and what's happening is there was an
(02:39):
executive order to make alternative assets more widely available in
retirement accounts. So not only is there already a shmortgage
board of people of choices that you can look at
inside of your retirementcount that I think overwhelm the average
person already. Right when you sign in and you're like,
what am I going to invest in? There's a there's
(03:00):
there's thirty five funds minimum typically and really only a
handful makes sense for the average person. And now there's
going to be even more to choose from thanks to
this executive order. And I actually, you know, usually more
choice is a good thing. I actually think this is
a bad thing. It's choice overload. And a lot of
these alternative investments, when you look into the details, a
lot of them underperform and come with higher fees. So
(03:22):
I think there's a lot of risk for people too.
Speaker 1 (03:24):
And now you can throw them in an IRA which
you didn't used to be able to, and you can
do some pretty wild stuff under your retirement plan, and
that gets pretty risky.
Speaker 2 (03:36):
I mean, if you guess right, you're going to do fine.
Speaker 1 (03:39):
But the only way to really guess right is to
be conservative, you're not going to get as high an
interest rate, but pretty safe. You're Apples, and as you said,
you're Microsoft's and your general motors and not your targets.
Speaker 3 (03:56):
So yeah, well okay, So to your point, like, let's
actually talk hard data about recent stuff that just came
out about one of these alternative asset websites. And these
have existed outside of retirement accounts, and they've become more
widely available for people like you can invest in wine,
(04:16):
you can invest in whiskey, you can invest in art.
There are all these alternative asset websites that say, hey,
we can outperform the market. You should be investing in
these like kind of outside the box, in these outside
of the box ways. And there's this when you look
at the numbers, most of them do not outperform the
stock market on average, and they come with higher fees.
But in some cases they're not just not outperforming, they're
(04:38):
doing significantly worse and they're losing people all of their capital.
Speaker 2 (04:42):
And so there's this company called.
Speaker 3 (04:43):
Yield Street, which is a crowdfunding real estate site, alternative
investment site, and they had like thirty deals and CNBC
just published an article they were reviewing these deals, well,
four of the thirty have been declared total losses.
Speaker 2 (05:00):
So like if you.
Speaker 3 (05:02):
Put in one hundred thousand dollars, that one hundred thousand
dollars is gone lost, You lost at all. And then
many of them are on this watch list, which means
that hey, these deals are not going so hot. They're
having to raise more funds to keep these deals afloat.
And so you put in one hundred thousand dollars as
they're saying, hey, we need everyone, all the investors to
put in an extra twenty five, and you're saying, I
(05:23):
don't have an extra twenty five to put in. I
thought you were going to help me make money, but
they're not. You might actually lose money in some of
these investments. So while the stock market is going up
into the right or has been in recent years, your
investment is doing pretty poorly. And so yeah, that yield
Street example, I think, and some of these other alternative
investment sites, they just show just how risky it can be,
(05:44):
even ones.
Speaker 2 (05:44):
That aren't risky.
Speaker 1 (05:45):
For example, I have a one investment which is a
private real estate investment trust, and it does fine.
Speaker 2 (05:53):
I'm not arguing with the return. It's been.
Speaker 1 (05:55):
You know, the return is fine because the people that
run it are they know what they're doing.
Speaker 2 (06:00):
The problem is I'll never be able to sell it. Yeah. Yeah,
it's there forever.
Speaker 1 (06:06):
Because the property that they invested in is returning good money,
it has not gone way up in value, they want.
Speaker 2 (06:14):
To sell it.
Speaker 1 (06:14):
And that's one of the things I go, wait a minute,
you know, I'm going to retire at some point and
I want.
Speaker 2 (06:19):
To pull it and move into something you know, bigger, better,
can't touch it.
Speaker 3 (06:26):
That is another really important thing to mention when we're
talking about alternative investing is many of these assets you
you make your initial investment and maybe there's a way
for you to get out in three years, but probably not.
Maybe in five years you can get some of your
money back, but maybe not. And so yeah, the illiquidity
of some of these funds that you're investing in, or
(06:47):
if you do want to access your money early, it's
going to come with a meaningful penalty. And especially with
some of those real estate deals. Yeah, you might be
the fund, it's not just up to you, like when
you want to sell as if whereas if you had
your own individ rental property. It is so Yeah, you're
kind of subject to many other factors about when you
get your money back, when that return of capital happens,
(07:09):
and so you have to be really careful when it
comes to let's say your taxable brokerage account that you've
invested in, and you're saying, hey, listen, actually I think
I want to take fifty grand out for that down payment.
You can do that tomorrow, right, But you don't have
the same luxury with some of these private investments. I
think they sound really sexy though, and the marketing is incredible,
and the numbers that are tossed out there on the
(07:29):
returns that you're you know, they sound really amazing, and
sometimes they can be, and they have been at times
in the past, but those numbers are also kind of
pulled out are to a certain degree.
Speaker 1 (07:41):
And just one quick one, Joel before we take a
break and we move on about gen Z, and that
is there's so much out there that unless you are
investing in a general index fund or really conservative it's
almost like you need a money manager to do this
for you. And we're not talking about people millions of dollars.
Speaker 2 (08:02):
It's just so complicated. It's not your wheelhouse. I think, Yeah,
you're exactly right.
Speaker 3 (08:09):
And if we're talking about investing in individual stocks, there's
a higher knowledge gap and a higher gap of intentionality
that you have to meet. I think you have to
be willing to read, you know, read about the company.
You have to be willing to look into their financial
statements and be able to understand them. And it's even
more true with some of these private real estate deals.
In private investments is like the knowledge level and the
(08:33):
amount of time you need to take to understand the
investment ahead of time, it just grows exponentially. And so
if you're not willing to put in that due diligence
on the front end, and you're just like, hey, twenty
percent rates of return, that sounds great.
Speaker 2 (08:45):
Sign me up.
Speaker 3 (08:46):
I'm throwing you know, fifty thousand dollars my life savings
in there. Well, for a lot of people, they're getting
they're getting burnt by that, and it's a shame.
Speaker 2 (08:53):
It's tough to watch.
Speaker 1 (08:54):
All right, let's take a break and something interesting about
jen Z And I didn't.
Speaker 2 (08:59):
Know this till Joel brought that up.
Speaker 1 (09:01):
So you don't want to miss that, and especially if
you're a gen Z, you're gonna go broke.
Speaker 2 (09:05):
We know that this is Handle and KFI.
Speaker 1 (09:10):
KFI Handle here Thursday morning, August.
Speaker 2 (09:14):
Twenty once, and it's going to be hot today.
Speaker 1 (09:17):
We're in the middle of a heat wave right through
this weekend and can't wait.
Speaker 2 (09:23):
For this thing to end. But it's a dry heat. Remember,
it's always a dry heat.
Speaker 1 (09:28):
That's what they always say when it's one hundred and
forty degrees outside. And I always point out if you're
baking cookies at three hundred and twenty five degrees in
your oven, that is also a dry heat. Back we
go with Joel Larsgard, a host of How to Money
every Sunday twelve pm to two pm right here at
KFI and how to Money Joel and his website is
(09:51):
how to Money Joel dot com.
Speaker 2 (09:53):
Do I have that right, Joel howto money dot com.
I don't put my how to money.
Speaker 1 (09:56):
You know what the point is we never write this down,
and you've got to write this down because I never
ever can remember any of this stuff. Can't remember my name,
for God's sake, how can I possibly remember that?
Speaker 2 (10:09):
I get it?
Speaker 1 (10:10):
Okay, Well, let's just the way it works. We are
talking what was it yesterday? To what's his face our
doctor and we talked about cognitive I think cognitive remembering
and I don't remember that either. Okay, jen Z an
interesting thing going on with gen Z. One of the
(10:31):
most interesting gens out there. And so let's well, first
of all, define gen Z because I always get so
confused because it's twenty three to thirty six as opposed
to twenty to thirty or twenty to thirty five.
Speaker 2 (10:47):
They just don't make it easy.
Speaker 3 (10:49):
Yeah, I mean, it depends on which you know source
your consulting, but it seems like it's basically thirteen to
twenty eight.
Speaker 2 (10:57):
So I don't know what what does.
Speaker 1 (10:59):
That mean thirteen to twenty eight because that thirteen years old? Yeah, fine,
thirteen year olds are the same as twenty eight year
olds when they're spending money, and you know.
Speaker 3 (11:09):
Right, well that's why some of like there was a
I talked with Amy on Tuesday about this new study
about gen Z doesn't know anything about their credit scores,
and it's like, well, yeah, some of them are literally
in middle school, so it makes sense that they don't
care about their credit score yet. So you have to
take some of that stuff with a grain of salt.
But then there is and I also don't love some
of that. There's this perpetual tendency I think for older
(11:30):
generations to look down at the next generation and say,
you guys, I mean, think about all this stuff that
was written about millennials, right, like millennials like couldn't get
their act together. Now millennials are doing fantastic as overall
as a generation in terms of their finance, and so
now the it's gen Z's turn to get obliterated in
the headlines. And the New York Times had an article
(11:52):
this week about how gen Zers are more willing to
treat themselves and they're going over budget for it. And
so I take some of this with a grain sall
that's there's not necessarily great stats saying oh gen Z's
more frivolous than other generations, but it just makes me think.
I think there's like a general cultural tendency, not just
for gen Z, but to to say, you know what,
I deserve this thing. I'm going to buy myself this
(12:14):
thing because I got it. Whether it's like a small
win at work, or maybe it was like a bad
day at work and you're like, I deserve a treat,
whatever it is. I think people are more willing to
without having budgeted for it, spend money because of to
fill an emotional need. And my take is, yeah, occasionally
that makes sense. Maybe you've reached a goal, it's time
(12:36):
to time to buy a treat, but put it in there,
put it in your budget, and make sure you have
room in your budget for sportes. And ultimately, the biggest
sports that you can be working towards is greater levels
of freedom. And that really only comes from being at
least intentionally frugal and saving and investing for your future.
Speaker 2 (12:55):
Yeah.
Speaker 1 (12:56):
I am to be a baby boomer, so I'm at
that end in my career. And what baby boomers, what
we're known for is dying because all my friends are
popping off now. Interestingly, I have my wife, for example,
is a lot younger than I am. She's sixteen, and
(13:17):
she talks about how we baby boomers have ruined it
for everybody. We were able to get great jobs, we
were able to buy houses reasonably, we were able to
put money away for retirement. After that it was over done.
Speaker 2 (13:36):
You pulled the ladder back up after yourselves.
Speaker 1 (13:38):
Yeah, yeah, and that's true. I mean I bought my
first house when I was in my twenty. I've said
that many, many times. I bought my first house when
I was my twenties and it wasn't the hardest thing
in the world.
Speaker 2 (13:49):
Who today can buy a house in their twenties.
Speaker 3 (13:52):
Yeah, I mean, especially in high cost city like Los Angeles, right,
But I think in some parts of the country it's possible.
And I still hear from younger listeners who are getting
after it, and it's really fun to see kids or sorry,
young adults in their twenties finding ways to save and
invest intentionally and to buy a house when they like.
Speaker 2 (14:15):
But yeah, it's so much more difficult.
Speaker 3 (14:16):
And I mean, then we can get into the whether
or not it makes sense to buy versus rent, right,
But if that's your goal, it might involve moving out
of a high cost city right now, because the idea
of being able to save up enough money for a
down payment feels jarring, if not completely impossible.
Speaker 2 (14:33):
But I guess, go ahead, go ahead.
Speaker 1 (14:35):
Oh yeah, I look out the window and these little
two three bedroom, little cracker boxes are a million dollars.
And so it's not just the two hundred thousand dollars down,
it's also the mortgage on eight hundred thousand dollars, and
so I have people, I have friends that are moving
out of not only out of the city, but out
of state. But yeah, you have to be you have
(14:56):
to live in a community where with the kids sex education,
the teacher brings it a sheep's and that's.
Speaker 2 (15:05):
How you live.
Speaker 3 (15:06):
Yeah, yeah, yeah, I think just real quickly back to
the kind of budgeting thing. One of the things that
we talk about regularly on the show is we call
it the craft beer equivalent, and it's because I like
craft beer quite a bit, and craft beer can be
kind of expensive. Some people think it's ridiculous to spend
twelve dollars on a delicious ipa, and I say they're
ridiculous because IPAs are delicious and they're worth it. But
(15:28):
you have to figure out what that is in your life.
And so if we're talking about intentional splurges that don't
break the bank, well figure out what two or three
of those things are in your life and then put
that in your budget so that when you do spend
twelve bucks on an ipa, it's actually you've kind of
decided ahead of time, I've got the money to spend
on this, I'm going to spend intentionally, and then maybe
(15:49):
it helps you dial back on some of those other
impulse purchases that you haven't budgeted for that might just
be for an emotional release because you've had a great.
Speaker 2 (15:57):
Day or a bad day, whatever it might be.
Speaker 1 (15:59):
Joel, we will talk again next week Sunday twelve to
two pm right here on KFI.
Speaker 2 (16:05):
You have a good date. You two. Thanks.
Speaker 1 (16:07):
Bill All right, coming up, I'm going to do a
little survey around the room and ask you. This is
just fun. What does the TSA allow onto airplanes? And
I am going through some of the list and we'll
see if we know or don't know.
Speaker 2 (16:26):
Be right back with that one.
Speaker 4 (16:29):
You're listening to Bill Handle on demand from KFI AM
six forty.
Speaker 2 (16:35):
KFI AM six forty.
Speaker 1 (16:37):
Bill Handle here on a Thursday morning, August twenty one
tomorrow is ask Handle anything where I answer personal questions,
usually to my embarrassment.
Speaker 2 (16:49):
And it's great fun.
Speaker 1 (16:50):
And you still have a few minutes to jump on
to asking a question. And until nine o'clock during the
course of a show, you go to the iHeartRadio app
bill Handle show. You click on that and then upper
right hand corner microphone click on that and you have
a few seconds fifteen twenty seconds to ask a question
of any kind. Now, sometimes I'll answer them, sometimes I won't,
(17:14):
but I'm pretty honest, and it's just fun. We do
it just for the hell of it on a Friday.
So we'll do it tomorrow at eight thirty as we
always do. All right, guys, and I'm talking to the
morning crew here. The the TSA came out with the
list of what is banded and what is not. This
(17:35):
is the latest and I'm going to ask you guys,
and a lot of this is arbitrary and it's just
them having fun.
Speaker 2 (17:42):
So let's start. What is band Live lobsters? Yes or no?
Speaker 1 (17:49):
Neil, can you bring live lobsters the board in your
check bag?
Speaker 2 (17:53):
Can you?
Speaker 1 (17:53):
ELS's me through security? Can you bring live lobsters? I'm
gonna say yes, Okay, Amy, live lobsters? Sure, okay, God,
this is getting weird. All right, well, live lobsters checked bag? Yeah,
I want to go through the TSA not checked. I'm
talking about right here, carry on, carry on, no okay,
(18:17):
and and live lobsters.
Speaker 2 (18:20):
I pulled the story.
Speaker 1 (18:23):
Oh so you know, Okay, the answer is yes. Oh
you can bring live lobster?
Speaker 5 (18:29):
Do you have to pay extra because it's a pet.
Speaker 1 (18:31):
I don't think so, that's funny. You haven't known tricks
with the live lobsters ll roll over cowboy spurs. Can
you bring them aboard?
Speaker 2 (18:43):
No? No?
Speaker 1 (18:44):
No? Uh? The answer is yes, both on carry on
and check bags.
Speaker 2 (18:52):
What if I had them on my lobster? That's very
funny and you but you can't wear them. You can't
wear them.
Speaker 1 (18:58):
They have to be either in carry on or they
have to be in checked.
Speaker 4 (19:02):
How is that less? I have no idea less a
weapon like than my.
Speaker 2 (19:10):
I don't know.
Speaker 5 (19:11):
Well, they're well, they can be, but they're not like
shark blades, like a knife blade.
Speaker 2 (19:17):
All right? Antlers?
Speaker 1 (19:22):
Can you bring antlers aboarded airplane?
Speaker 2 (19:25):
No?
Speaker 1 (19:28):
What?
Speaker 3 (19:28):
No?
Speaker 2 (19:30):
The answer is yes. Yes.
Speaker 1 (19:34):
You need to ensure that the item will fit in
the overhead or underneath the seat, but you are allowed
to bring it on the airplane. And of course check bags.
Speaker 2 (19:44):
I could do a lot of damage with.
Speaker 1 (19:47):
Okay, Uh, this is an interesting one. How about magic
eight balls?
Speaker 2 (19:53):
No, it has more than three ounces of liquid in it.
Oh that's a good point, very good point. Uh. No,
carry on bags. You can put it in a check bag.
Speaker 1 (20:05):
Good for you and according to the TSA, and this
is a quote for them. For carry on bags, we
asked the Magic eight ball and it told us outlook
not so good. This is a quote from the TSA.
And for check bags. We asked the magic eight ball
and it told us it is certain whoever wrote this
(20:30):
got a raise. How about sewing machines? Can you bring
a sewing machine on?
Speaker 2 (20:37):
Yes? Yeah?
Speaker 1 (20:39):
Uh?
Speaker 2 (20:39):
Can you bring it in carry on? Can you bring
in a sewing machine carry on? No? Fit?
Speaker 1 (20:46):
You can, yep, yep, but it has to fit in
the overhead or underneath the seat.
Speaker 2 (20:54):
How about waffle irons?
Speaker 5 (20:58):
Sure, no, you could do a lot of damage with those.
Speaker 2 (21:02):
Uh.
Speaker 1 (21:02):
Actually yes, as a carry on or check baggage. But
again it has to fit in the overhead bind or
underneath the seat of the airplane.
Speaker 5 (21:12):
I want to see a waffle iron that's bigger than
the overhead bin.
Speaker 2 (21:16):
I don't know. And what why? How about this?
Speaker 1 (21:20):
What if a blind person brings a waffle iron thinking
that it's braille.
Speaker 2 (21:25):
Never mind, that's a hell and keller joke.
Speaker 4 (21:29):
Okay, uh, you know the worst thing to read and brail?
Speaker 2 (21:37):
Don't touch this is hot. That's very good too, But you.
Speaker 4 (21:42):
Know what they have plugs in a plane, so I
can make waffles.
Speaker 2 (21:46):
I don't think so, because it gets a little hot.
I'm gonna I'm going to have lobster waffles. All right.
Book looks good.
Speaker 1 (21:57):
All right, let's finish it up. Harry Potter, want on
or lightsabers?
Speaker 2 (22:05):
Sure, yeah it is. I never knew. I've never tried
to do that. Yeah. Yes, it's considered a toy.
Speaker 1 (22:13):
And again the t s A adds to that when
they say, yes a quote.
Speaker 2 (22:20):
Uh, may the force be with you, hm hmmm mmm.
Speaker 5 (22:26):
But they just banned a new item.
Speaker 4 (22:30):
What's that, Bill, You didn't read that far the first
page bottom?
Speaker 2 (22:36):
Okay, let me ask, I didn't read that far. What's
the title of this whole thing?
Speaker 6 (22:41):
Oh?
Speaker 2 (22:41):
Uh? You want? You want?
Speaker 6 (22:45):
Well, hold on a minute. Just the shoes off rule? No,
never mind, okay, it's just funny. Pick and choose what
you want to talk about.
Speaker 2 (22:55):
That's absolutely true.
Speaker 5 (22:56):
Is it in the headline? Yes, Bill, read the headline.
Speaker 2 (23:00):
T s A just banned these items in check bags.
See what they are? That's the headline.
Speaker 5 (23:06):
Yeah, and you never even talked about that.
Speaker 2 (23:10):
Yeah, I thought I did. You can put your shoes,
you can keep your shoes on.
Speaker 4 (23:15):
Now, okay, cordless curling irons or flat irons that contain
gas cartridges.
Speaker 1 (23:24):
Here's why minute, because who in God's name brings a
cordless that contains a gas cartridge?
Speaker 2 (23:31):
I didn't even know they had those.
Speaker 5 (23:32):
Let's get.
Speaker 2 (23:35):
Yeah, will stop laughing.
Speaker 5 (23:38):
Okay, I have a but tane flat iron, do you huh?
Speaker 2 (23:42):
All right? Well, I didn't know that.
Speaker 5 (23:43):
The reason now I know, I can't take it on board.
Speaker 2 (23:45):
That's true.
Speaker 1 (23:45):
The reason I didn't bring it up because I didn't
even know that that existed. That's why I didn't bring
it up. I know what antlers are, I know what
cowboy spurs are. You.
Speaker 2 (23:55):
I know what a lobster is, both dead and alive.
Speaker 4 (24:00):
Do you know that you can buy you can purchase
at auction the things that are confiscated from TSA.
Speaker 2 (24:08):
I did not know that.
Speaker 4 (24:10):
That is fine, you can buy a bunch of knife
bulk packages.
Speaker 1 (24:14):
All right, all right, we're going to finish up with
something called a cool cation. First of all, you probably
didn't know it existed, and you probably don't know that
it no longer exists. I'll share that with you when
we come back, and we'll finish up the show with
that can't buy handle. Here it is a Thursday morning
(24:37):
and man, we are moving into well Sorrady here a
heat wave of I would say extraordinary proportions, but it's not.
It's your normal insane heat wave that we get in
southern California.
Speaker 2 (24:52):
So let's talk about a cool cation.
Speaker 1 (24:55):
So you take this kind of heat and you decide,
all right, I'm going to go someplace where it's not crazy.
Norway for the Fjords. Oh man, go to Scotland for
a round of Gulf. Right, It's could be cool in
Scotland even during the summer. Sweden, you can be face
(25:15):
to face with a raindeer up in North up in
the North, well, not so much. The planet is warming
and these cool, far flung destinations are becoming increasingly vulnerable
to heat waves. And extreme heat has roasted tourists across
southern Europe all the way from Spain to France and
(25:38):
Italy and the Balkans, and these high temperatures have simply
spread north big time this summer, and usually countries that
are used to having at least cool weather during the
summer are now hot Sweden, Finland, Norway, wilefires across Europe
(26:02):
and Canada. So the message is real simple, and this
is the message that the planet is telling us. You
can't outrun global warming. It's that simple. And if you're
going up north, way north, that's where the warming is
happening the fastest in the world. Here's the other thing
(26:29):
that is absolutely no fun about heat waves across most
of the rest of the world, particularly when you go
in the northern climates, and even in Europe, they don't
have air conditioning. Unless you're going to a hotel you're
paying big money. For the most part, there is no
air conditioning. So you go to Italy and you sit
(26:50):
in one of these outdoor cafes and you order a
pizza and you want it to stay hot. It stays
hot because you're hot. It's just changing everything, and it's
going to reach a time where those of us who
(27:10):
have been in the northern climes sometime in our life
and it just got cool. It's not our kids, our
grandkids are not going to know what really cold temperatures are.
Speaker 2 (27:23):
Even Antarctica has heated up so usually.
Speaker 1 (27:30):
And I went a whole bunch of years ago and
it was middle of summer, I mean high well, actually
middle of winter a high season because they're down obviously,
way down below the equator, usually fifty sixty degrees, sometimes
forty degrees in the middle of summer. Now it's twenty
(27:53):
degrees hotter than that. So I just want to ruin
it for you going on vacation. You're better off staying
at home with their conditioning. And I thinks a matter
of fact, tomorrow, what we're gonna do is I want
to talk about a real fun vacation that two hundred
and fifty thousand people take every year, Death Valley, and
(28:18):
they hike across Death Valley. Doesn't that sound like fun?
One of the hottest places, the lowest place on the planet,
and it's Death Valley. All right, we're done, guys.
Speaker 4 (28:31):
Thursday has built to remind everybody if they're in the
area of Huntington Beach get up there for Gary and
Shannon Bja Restaurant brew House there on Beach Boulevard for
their first Hot Pazooki summer event using Bruce.
Speaker 1 (28:51):
I will not forget to say that. Thank you, Neil.
All right, yeah, no problem, We're done, guys. Tomorrow morning
we do it again. Finish the week and coming up
right now, Gary and Shannon, and so it's uh Neil,
it's me, it's Amy, it's ann it's.
Speaker 2 (29:09):
Will Is Cono coming back tomorrow? Do we know? No,
So he's stuck with me. Oh god, gee, Sam, that's
that's a shame. Uh Cono is fishing?
Speaker 5 (29:21):
Yes, spending time with his dad?
Speaker 2 (29:24):
Why a height augmentation?
Speaker 5 (29:27):
Why that's very Why is he spending time with his
dad because he loves him?
Speaker 2 (29:33):
What's that about? I don't get it.
Speaker 4 (29:37):
Well, his his his mom and dad stayed together. His
dad didn't leave the family, so they're very close.
Speaker 1 (29:46):
My dad didn't leave the family. Well, actually he did
leave the family.
Speaker 2 (29:49):
That was a dig at you, sir. Of course you did.
Speaker 1 (29:52):
Of course I just went I just went a different direction.
Speaker 2 (29:56):
Goodbye, good bye. This is KF I am six.
Speaker 1 (30:02):
You've been listening to The Bill Handle Show. Catch my
Show Monday through Friday, six am to nine am, and
anytime on demand on the iHeartRadio app.
You're listening to k I Am six forty the bill
Handle Show on demand on the iHeartRadio appf I Am.
Speaker 2 (00:10):
Forty bill Handle.
Speaker 1 (00:11):
It is a Thursday morning, August twenty one. Tomorrow morning
at eight thirty it's Ask Handle Anything right after Oody Friday.
And here's how it works, where you get to ask
me anything and I get to answer in my usual spontaneous,
embarrassing way.
Speaker 2 (00:32):
That is, during the course of the show. I still
have another hour to go.
Speaker 1 (00:35):
You go on the iHeartRadio app, click onto the bill
Handle show microphone in the upright hand corner, click on that,
and you got fifteen twenty seconds to ask a question
of any kind. And I'm pretty honest because people are
always asking what I'm like, but that's because I'm behind
the microphone. Or what's Neil like, or what Tim's like?
What John is like? So we get a lot of those.
(00:58):
So I thought I would answer some questions, and so
we need you to do that, all right. Joe Larsgard,
who nobody cares about, a host of How to Money
every Sunday twelve pm to two pm, and he's at
how to Money.
Speaker 2 (01:14):
Joel, Good morning, Joel. Not even my family, Bill cares
about I know that highlighting that.
Speaker 1 (01:19):
Yeah, as much as I kid you about that, it's
absolutely true. And no one has ever asked me about you. Okay,
So let's start moving along with some of the topics.
We're going to talk about two things one and it's
the same same subject alternative assets, and so many of
(01:41):
them underperform and people are making or putting them in
retirement accounts. First of all, let's talk about what is
an alternative asset and why do so many underperform?
Speaker 3 (01:55):
Yeah, so, alternative assets are like private investments that you
can partake and instead of investing in public companies like
the Amazons and the Apples of this world and investing
in index funds right where you're holding a basket of
publicly traded companies, you're instead choosing to invest in more
potentially big deals but still more niche than a publicly
(02:18):
traded company. And let's say what like, for instance, real estate,
Lots of real estate deals can be privately traded. You
can invest in real estate through publicly traded real estate
investment trusts, but you can also invest through syndication deals
that are more local and more niche that investors are
raising money for and what's happening is there was an
(02:39):
executive order to make alternative assets more widely available in
retirement accounts. So not only is there already a shmortgage
board of people of choices that you can look at
inside of your retirementcount that I think overwhelm the average
person already. Right when you sign in and you're like,
what am I going to invest in? There's a there's
(03:00):
there's thirty five funds minimum typically and really only a
handful makes sense for the average person. And now there's
going to be even more to choose from thanks to
this executive order. And I actually, you know, usually more
choice is a good thing. I actually think this is
a bad thing. It's choice overload. And a lot of
these alternative investments, when you look into the details, a
lot of them underperform and come with higher fees. So
(03:22):
I think there's a lot of risk for people too.
Speaker 1 (03:24):
And now you can throw them in an IRA which
you didn't used to be able to, and you can
do some pretty wild stuff under your retirement plan, and
that gets pretty risky.
Speaker 2 (03:36):
I mean, if you guess right, you're going to do fine.
Speaker 1 (03:39):
But the only way to really guess right is to
be conservative, you're not going to get as high an
interest rate, but pretty safe. You're Apples, and as you said,
you're Microsoft's and your general motors and not your targets.
Speaker 3 (03:56):
So yeah, well okay, So to your point, like, let's
actually talk hard data about recent stuff that just came
out about one of these alternative asset websites. And these
have existed outside of retirement accounts, and they've become more
widely available for people like you can invest in wine,
(04:16):
you can invest in whiskey, you can invest in art.
There are all these alternative asset websites that say, hey,
we can outperform the market. You should be investing in
these like kind of outside the box, in these outside
of the box ways. And there's this when you look
at the numbers, most of them do not outperform the
stock market on average, and they come with higher fees.
But in some cases they're not just not outperforming, they're
(04:38):
doing significantly worse and they're losing people all of their capital.
Speaker 2 (04:42):
And so there's this company called.
Speaker 3 (04:43):
Yield Street, which is a crowdfunding real estate site, alternative
investment site, and they had like thirty deals and CNBC
just published an article they were reviewing these deals, well,
four of the thirty have been declared total losses.
Speaker 2 (05:00):
So like if you.
Speaker 3 (05:02):
Put in one hundred thousand dollars, that one hundred thousand
dollars is gone lost, You lost at all. And then
many of them are on this watch list, which means
that hey, these deals are not going so hot. They're
having to raise more funds to keep these deals afloat.
And so you put in one hundred thousand dollars as
they're saying, hey, we need everyone, all the investors to
put in an extra twenty five, and you're saying, I
(05:23):
don't have an extra twenty five to put in. I
thought you were going to help me make money, but
they're not. You might actually lose money in some of
these investments. So while the stock market is going up
into the right or has been in recent years, your
investment is doing pretty poorly. And so yeah, that yield
Street example, I think, and some of these other alternative
investment sites, they just show just how risky it can be,
(05:44):
even ones.
Speaker 2 (05:44):
That aren't risky.
Speaker 1 (05:45):
For example, I have a one investment which is a
private real estate investment trust, and it does fine.
Speaker 2 (05:53):
I'm not arguing with the return. It's been.
Speaker 1 (05:55):
You know, the return is fine because the people that
run it are they know what they're doing.
Speaker 2 (06:00):
The problem is I'll never be able to sell it. Yeah. Yeah,
it's there forever.
Speaker 1 (06:06):
Because the property that they invested in is returning good money,
it has not gone way up in value, they want.
Speaker 2 (06:14):
To sell it.
Speaker 1 (06:14):
And that's one of the things I go, wait a minute,
you know, I'm going to retire at some point and
I want.
Speaker 2 (06:19):
To pull it and move into something you know, bigger, better,
can't touch it.
Speaker 3 (06:26):
That is another really important thing to mention when we're
talking about alternative investing is many of these assets you
you make your initial investment and maybe there's a way
for you to get out in three years, but probably not.
Maybe in five years you can get some of your
money back, but maybe not. And so yeah, the illiquidity
of some of these funds that you're investing in, or
(06:47):
if you do want to access your money early, it's
going to come with a meaningful penalty. And especially with
some of those real estate deals. Yeah, you might be
the fund, it's not just up to you, like when
you want to sell as if whereas if you had
your own individ rental property. It is so Yeah, you're
kind of subject to many other factors about when you
get your money back, when that return of capital happens,
(07:09):
and so you have to be really careful when it
comes to let's say your taxable brokerage account that you've
invested in, and you're saying, hey, listen, actually I think
I want to take fifty grand out for that down payment.
You can do that tomorrow, right, But you don't have
the same luxury with some of these private investments. I
think they sound really sexy though, and the marketing is incredible,
and the numbers that are tossed out there on the
(07:29):
returns that you're you know, they sound really amazing, and
sometimes they can be, and they have been at times
in the past, but those numbers are also kind of
pulled out are to a certain degree.
Speaker 1 (07:41):
And just one quick one, Joel before we take a
break and we move on about gen Z, and that
is there's so much out there that unless you are
investing in a general index fund or really conservative it's
almost like you need a money manager to do this
for you. And we're not talking about people millions of dollars.
Speaker 2 (08:02):
It's just so complicated. It's not your wheelhouse. I think, Yeah,
you're exactly right.
Speaker 3 (08:09):
And if we're talking about investing in individual stocks, there's
a higher knowledge gap and a higher gap of intentionality
that you have to meet. I think you have to
be willing to read, you know, read about the company.
You have to be willing to look into their financial
statements and be able to understand them. And it's even
more true with some of these private real estate deals.
In private investments is like the knowledge level and the
(08:33):
amount of time you need to take to understand the
investment ahead of time, it just grows exponentially. And so
if you're not willing to put in that due diligence
on the front end, and you're just like, hey, twenty
percent rates of return, that sounds great.
Speaker 2 (08:45):
Sign me up.
Speaker 3 (08:46):
I'm throwing you know, fifty thousand dollars my life savings
in there. Well, for a lot of people, they're getting
they're getting burnt by that, and it's a shame.
Speaker 2 (08:53):
It's tough to watch.
Speaker 1 (08:54):
All right, let's take a break and something interesting about
jen Z And I didn't.
Speaker 2 (08:59):
Know this till Joel brought that up.
Speaker 1 (09:01):
So you don't want to miss that, and especially if
you're a gen Z, you're gonna go broke.
Speaker 2 (09:05):
We know that this is Handle and KFI.
Speaker 1 (09:10):
KFI Handle here Thursday morning, August.
Speaker 2 (09:14):
Twenty once, and it's going to be hot today.
Speaker 1 (09:17):
We're in the middle of a heat wave right through
this weekend and can't wait.
Speaker 2 (09:23):
For this thing to end. But it's a dry heat. Remember,
it's always a dry heat.
Speaker 1 (09:28):
That's what they always say when it's one hundred and
forty degrees outside. And I always point out if you're
baking cookies at three hundred and twenty five degrees in
your oven, that is also a dry heat. Back we
go with Joel Larsgard, a host of How to Money
every Sunday twelve pm to two pm right here at
KFI and how to Money Joel and his website is
(09:51):
how to Money Joel dot com.
Speaker 2 (09:53):
Do I have that right, Joel howto money dot com.
I don't put my how to money.
Speaker 1 (09:56):
You know what the point is we never write this down,
and you've got to write this down because I never
ever can remember any of this stuff. Can't remember my name,
for God's sake, how can I possibly remember that?
Speaker 2 (10:09):
I get it?
Speaker 1 (10:10):
Okay, Well, let's just the way it works. We are
talking what was it yesterday? To what's his face our
doctor and we talked about cognitive I think cognitive remembering
and I don't remember that either. Okay, jen Z an
interesting thing going on with gen Z. One of the
(10:31):
most interesting gens out there. And so let's well, first
of all, define gen Z because I always get so
confused because it's twenty three to thirty six as opposed
to twenty to thirty or twenty to thirty five.
Speaker 2 (10:47):
They just don't make it easy.
Speaker 3 (10:49):
Yeah, I mean, it depends on which you know source
your consulting, but it seems like it's basically thirteen to
twenty eight.
Speaker 2 (10:57):
So I don't know what what does.
Speaker 1 (10:59):
That mean thirteen to twenty eight because that thirteen years old? Yeah, fine,
thirteen year olds are the same as twenty eight year
olds when they're spending money, and you know.
Speaker 3 (11:09):
Right, well that's why some of like there was a
I talked with Amy on Tuesday about this new study
about gen Z doesn't know anything about their credit scores,
and it's like, well, yeah, some of them are literally
in middle school, so it makes sense that they don't
care about their credit score yet. So you have to
take some of that stuff with a grain of salt.
But then there is and I also don't love some
of that. There's this perpetual tendency I think for older
(11:30):
generations to look down at the next generation and say,
you guys, I mean, think about all this stuff that
was written about millennials, right, like millennials like couldn't get
their act together. Now millennials are doing fantastic as overall
as a generation in terms of their finance, and so
now the it's gen Z's turn to get obliterated in
the headlines. And the New York Times had an article
(11:52):
this week about how gen Zers are more willing to
treat themselves and they're going over budget for it. And
so I take some of this with a grain sall
that's there's not necessarily great stats saying oh gen Z's
more frivolous than other generations, but it just makes me think.
I think there's like a general cultural tendency, not just
for gen Z, but to to say, you know what,
I deserve this thing. I'm going to buy myself this
(12:14):
thing because I got it. Whether it's like a small
win at work, or maybe it was like a bad
day at work and you're like, I deserve a treat,
whatever it is. I think people are more willing to
without having budgeted for it, spend money because of to
fill an emotional need. And my take is, yeah, occasionally
that makes sense. Maybe you've reached a goal, it's time
(12:36):
to time to buy a treat, but put it in there,
put it in your budget, and make sure you have
room in your budget for sportes. And ultimately, the biggest
sports that you can be working towards is greater levels
of freedom. And that really only comes from being at
least intentionally frugal and saving and investing for your future.
Speaker 2 (12:55):
Yeah.
Speaker 1 (12:56):
I am to be a baby boomer, so I'm at
that end in my career. And what baby boomers, what
we're known for is dying because all my friends are
popping off now. Interestingly, I have my wife, for example,
is a lot younger than I am. She's sixteen, and
(13:17):
she talks about how we baby boomers have ruined it
for everybody. We were able to get great jobs, we
were able to buy houses reasonably, we were able to
put money away for retirement. After that it was over done.
Speaker 2 (13:36):
You pulled the ladder back up after yourselves.
Speaker 1 (13:38):
Yeah, yeah, and that's true. I mean I bought my
first house when I was in my twenty. I've said
that many, many times. I bought my first house when
I was my twenties and it wasn't the hardest thing
in the world.
Speaker 2 (13:49):
Who today can buy a house in their twenties.
Speaker 3 (13:52):
Yeah, I mean, especially in high cost city like Los Angeles, right,
But I think in some parts of the country it's possible.
And I still hear from younger listeners who are getting
after it, and it's really fun to see kids or sorry,
young adults in their twenties finding ways to save and
invest intentionally and to buy a house when they like.
Speaker 2 (14:15):
But yeah, it's so much more difficult.
Speaker 3 (14:16):
And I mean, then we can get into the whether
or not it makes sense to buy versus rent, right,
But if that's your goal, it might involve moving out
of a high cost city right now, because the idea
of being able to save up enough money for a
down payment feels jarring, if not completely impossible.
Speaker 2 (14:33):
But I guess, go ahead, go ahead.
Speaker 1 (14:35):
Oh yeah, I look out the window and these little
two three bedroom, little cracker boxes are a million dollars.
And so it's not just the two hundred thousand dollars down,
it's also the mortgage on eight hundred thousand dollars, and
so I have people, I have friends that are moving
out of not only out of the city, but out
of state. But yeah, you have to be you have
(14:56):
to live in a community where with the kids sex education,
the teacher brings it a sheep's and that's.
Speaker 2 (15:05):
How you live.
Speaker 3 (15:06):
Yeah, yeah, yeah, I think just real quickly back to
the kind of budgeting thing. One of the things that
we talk about regularly on the show is we call
it the craft beer equivalent, and it's because I like
craft beer quite a bit, and craft beer can be
kind of expensive. Some people think it's ridiculous to spend
twelve dollars on a delicious ipa, and I say they're
ridiculous because IPAs are delicious and they're worth it. But
(15:28):
you have to figure out what that is in your life.
And so if we're talking about intentional splurges that don't
break the bank, well figure out what two or three
of those things are in your life and then put
that in your budget so that when you do spend
twelve bucks on an ipa, it's actually you've kind of
decided ahead of time, I've got the money to spend
on this, I'm going to spend intentionally, and then maybe
(15:49):
it helps you dial back on some of those other
impulse purchases that you haven't budgeted for that might just
be for an emotional release because you've had a great.
Speaker 2 (15:57):
Day or a bad day, whatever it might be.
Speaker 1 (15:59):
Joel, we will talk again next week Sunday twelve to
two pm right here on KFI.
Speaker 2 (16:05):
You have a good date. You two. Thanks.
Speaker 1 (16:07):
Bill All right, coming up, I'm going to do a
little survey around the room and ask you. This is
just fun. What does the TSA allow onto airplanes? And
I am going through some of the list and we'll
see if we know or don't know.
Speaker 2 (16:26):
Be right back with that one.
Speaker 4 (16:29):
You're listening to Bill Handle on demand from KFI AM
six forty.
Speaker 2 (16:35):
KFI AM six forty.
Speaker 1 (16:37):
Bill Handle here on a Thursday morning, August twenty one
tomorrow is ask Handle anything where I answer personal questions,
usually to my embarrassment.
Speaker 2 (16:49):
And it's great fun.
Speaker 1 (16:50):
And you still have a few minutes to jump on
to asking a question. And until nine o'clock during the
course of a show, you go to the iHeartRadio app
bill Handle show. You click on that and then upper
right hand corner microphone click on that and you have
a few seconds fifteen twenty seconds to ask a question
of any kind. Now, sometimes I'll answer them, sometimes I won't,
(17:14):
but I'm pretty honest, and it's just fun. We do
it just for the hell of it on a Friday.
So we'll do it tomorrow at eight thirty as we
always do. All right, guys, and I'm talking to the
morning crew here. The the TSA came out with the
list of what is banded and what is not. This
(17:35):
is the latest and I'm going to ask you guys,
and a lot of this is arbitrary and it's just
them having fun.
Speaker 2 (17:42):
So let's start. What is band Live lobsters? Yes or no?
Speaker 1 (17:49):
Neil, can you bring live lobsters the board in your
check bag?
Speaker 2 (17:53):
Can you?
Speaker 1 (17:53):
ELS's me through security? Can you bring live lobsters? I'm
gonna say yes, Okay, Amy, live lobsters? Sure, okay, God,
this is getting weird. All right, well, live lobsters checked bag? Yeah,
I want to go through the TSA not checked. I'm
talking about right here, carry on, carry on, no okay,
(18:17):
and and live lobsters.
Speaker 2 (18:20):
I pulled the story.
Speaker 1 (18:23):
Oh so you know, Okay, the answer is yes. Oh
you can bring live lobster?
Speaker 5 (18:29):
Do you have to pay extra because it's a pet.
Speaker 1 (18:31):
I don't think so, that's funny. You haven't known tricks
with the live lobsters ll roll over cowboy spurs. Can
you bring them aboard?
Speaker 2 (18:43):
No? No?
Speaker 1 (18:44):
No? Uh? The answer is yes, both on carry on
and check bags.
Speaker 2 (18:52):
What if I had them on my lobster? That's very
funny and you but you can't wear them. You can't
wear them.
Speaker 1 (18:58):
They have to be either in carry on or they
have to be in checked.
Speaker 4 (19:02):
How is that less? I have no idea less a
weapon like than my.
Speaker 2 (19:10):
I don't know.
Speaker 5 (19:11):
Well, they're well, they can be, but they're not like
shark blades, like a knife blade.
Speaker 2 (19:17):
All right? Antlers?
Speaker 1 (19:22):
Can you bring antlers aboarded airplane?
Speaker 2 (19:25):
No?
Speaker 1 (19:28):
What?
Speaker 3 (19:28):
No?
Speaker 2 (19:30):
The answer is yes. Yes.
Speaker 1 (19:34):
You need to ensure that the item will fit in
the overhead or underneath the seat, but you are allowed
to bring it on the airplane. And of course check bags.
Speaker 2 (19:44):
I could do a lot of damage with.
Speaker 1 (19:47):
Okay, Uh, this is an interesting one. How about magic
eight balls?
Speaker 2 (19:53):
No, it has more than three ounces of liquid in it.
Oh that's a good point, very good point. Uh. No,
carry on bags. You can put it in a check bag.
Speaker 1 (20:05):
Good for you and according to the TSA, and this
is a quote for them. For carry on bags, we
asked the Magic eight ball and it told us outlook
not so good. This is a quote from the TSA.
And for check bags. We asked the magic eight ball
and it told us it is certain whoever wrote this
(20:30):
got a raise. How about sewing machines? Can you bring
a sewing machine on?
Speaker 2 (20:37):
Yes? Yeah?
Speaker 1 (20:39):
Uh?
Speaker 2 (20:39):
Can you bring it in carry on? Can you bring
in a sewing machine carry on? No? Fit?
Speaker 1 (20:46):
You can, yep, yep, but it has to fit in
the overhead or underneath the seat.
Speaker 2 (20:54):
How about waffle irons?
Speaker 5 (20:58):
Sure, no, you could do a lot of damage with those.
Speaker 2 (21:02):
Uh.
Speaker 1 (21:02):
Actually yes, as a carry on or check baggage. But
again it has to fit in the overhead bind or
underneath the seat of the airplane.
Speaker 5 (21:12):
I want to see a waffle iron that's bigger than
the overhead bin.
Speaker 2 (21:16):
I don't know. And what why? How about this?
Speaker 1 (21:20):
What if a blind person brings a waffle iron thinking
that it's braille.
Speaker 2 (21:25):
Never mind, that's a hell and keller joke.
Speaker 4 (21:29):
Okay, uh, you know the worst thing to read and brail?
Speaker 2 (21:37):
Don't touch this is hot. That's very good too, But you.
Speaker 4 (21:42):
Know what they have plugs in a plane, so I
can make waffles.
Speaker 2 (21:46):
I don't think so, because it gets a little hot.
I'm gonna I'm going to have lobster waffles. All right.
Book looks good.
Speaker 1 (21:57):
All right, let's finish it up. Harry Potter, want on
or lightsabers?
Speaker 2 (22:05):
Sure, yeah it is. I never knew. I've never tried
to do that. Yeah. Yes, it's considered a toy.
Speaker 1 (22:13):
And again the t s A adds to that when
they say, yes a quote.
Speaker 2 (22:20):
Uh, may the force be with you, hm hmmm mmm.
Speaker 5 (22:26):
But they just banned a new item.
Speaker 4 (22:30):
What's that, Bill, You didn't read that far the first
page bottom?
Speaker 2 (22:36):
Okay, let me ask, I didn't read that far. What's
the title of this whole thing?
Speaker 6 (22:41):
Oh?
Speaker 2 (22:41):
Uh? You want? You want?
Speaker 6 (22:45):
Well, hold on a minute. Just the shoes off rule? No,
never mind, okay, it's just funny. Pick and choose what
you want to talk about.
Speaker 2 (22:55):
That's absolutely true.
Speaker 5 (22:56):
Is it in the headline? Yes, Bill, read the headline.
Speaker 2 (23:00):
T s A just banned these items in check bags.
See what they are? That's the headline.
Speaker 5 (23:06):
Yeah, and you never even talked about that.
Speaker 2 (23:10):
Yeah, I thought I did. You can put your shoes,
you can keep your shoes on.
Speaker 4 (23:15):
Now, okay, cordless curling irons or flat irons that contain
gas cartridges.
Speaker 1 (23:24):
Here's why minute, because who in God's name brings a
cordless that contains a gas cartridge?
Speaker 2 (23:31):
I didn't even know they had those.
Speaker 5 (23:32):
Let's get.
Speaker 2 (23:35):
Yeah, will stop laughing.
Speaker 5 (23:38):
Okay, I have a but tane flat iron, do you huh?
Speaker 2 (23:42):
All right? Well, I didn't know that.
Speaker 5 (23:43):
The reason now I know, I can't take it on board.
Speaker 2 (23:45):
That's true.
Speaker 1 (23:45):
The reason I didn't bring it up because I didn't
even know that that existed. That's why I didn't bring
it up. I know what antlers are, I know what
cowboy spurs are. You.
Speaker 2 (23:55):
I know what a lobster is, both dead and alive.
Speaker 4 (24:00):
Do you know that you can buy you can purchase
at auction the things that are confiscated from TSA.
Speaker 2 (24:08):
I did not know that.
Speaker 4 (24:10):
That is fine, you can buy a bunch of knife
bulk packages.
Speaker 1 (24:14):
All right, all right, we're going to finish up with
something called a cool cation. First of all, you probably
didn't know it existed, and you probably don't know that
it no longer exists. I'll share that with you when
we come back, and we'll finish up the show with
that can't buy handle. Here it is a Thursday morning
(24:37):
and man, we are moving into well Sorrady here a
heat wave of I would say extraordinary proportions, but it's not.
It's your normal insane heat wave that we get in
southern California.
Speaker 2 (24:52):
So let's talk about a cool cation.
Speaker 1 (24:55):
So you take this kind of heat and you decide,
all right, I'm going to go someplace where it's not crazy.
Norway for the Fjords. Oh man, go to Scotland for
a round of Gulf. Right, It's could be cool in
Scotland even during the summer. Sweden, you can be face
(25:15):
to face with a raindeer up in North up in
the North, well, not so much. The planet is warming
and these cool, far flung destinations are becoming increasingly vulnerable
to heat waves. And extreme heat has roasted tourists across
southern Europe all the way from Spain to France and
(25:38):
Italy and the Balkans, and these high temperatures have simply
spread north big time this summer, and usually countries that
are used to having at least cool weather during the
summer are now hot Sweden, Finland, Norway, wilefires across Europe
(26:02):
and Canada. So the message is real simple, and this
is the message that the planet is telling us. You
can't outrun global warming. It's that simple. And if you're
going up north, way north, that's where the warming is
happening the fastest in the world. Here's the other thing
(26:29):
that is absolutely no fun about heat waves across most
of the rest of the world, particularly when you go
in the northern climates, and even in Europe, they don't
have air conditioning. Unless you're going to a hotel you're
paying big money. For the most part, there is no
air conditioning. So you go to Italy and you sit
(26:50):
in one of these outdoor cafes and you order a
pizza and you want it to stay hot. It stays
hot because you're hot. It's just changing everything, and it's
going to reach a time where those of us who
(27:10):
have been in the northern climes sometime in our life
and it just got cool. It's not our kids, our
grandkids are not going to know what really cold temperatures are.
Speaker 2 (27:23):
Even Antarctica has heated up so usually.
Speaker 1 (27:30):
And I went a whole bunch of years ago and
it was middle of summer, I mean high well, actually
middle of winter a high season because they're down obviously,
way down below the equator, usually fifty sixty degrees, sometimes
forty degrees in the middle of summer. Now it's twenty
(27:53):
degrees hotter than that. So I just want to ruin
it for you going on vacation. You're better off staying
at home with their conditioning. And I thinks a matter
of fact, tomorrow, what we're gonna do is I want
to talk about a real fun vacation that two hundred
and fifty thousand people take every year, Death Valley, and
(28:18):
they hike across Death Valley. Doesn't that sound like fun?
One of the hottest places, the lowest place on the planet,
and it's Death Valley. All right, we're done, guys.
Speaker 4 (28:31):
Thursday has built to remind everybody if they're in the
area of Huntington Beach get up there for Gary and
Shannon Bja Restaurant brew House there on Beach Boulevard for
their first Hot Pazooki summer event using Bruce.
Speaker 1 (28:51):
I will not forget to say that. Thank you, Neil.
All right, yeah, no problem, We're done, guys. Tomorrow morning
we do it again. Finish the week and coming up
right now, Gary and Shannon, and so it's uh Neil,
it's me, it's Amy, it's ann it's.
Speaker 2 (29:09):
Will Is Cono coming back tomorrow? Do we know? No,
So he's stuck with me. Oh god, gee, Sam, that's
that's a shame. Uh Cono is fishing?
Speaker 5 (29:21):
Yes, spending time with his dad?
Speaker 2 (29:24):
Why a height augmentation?
Speaker 5 (29:27):
Why that's very Why is he spending time with his
dad because he loves him?
Speaker 2 (29:33):
What's that about? I don't get it.
Speaker 4 (29:37):
Well, his his his mom and dad stayed together. His
dad didn't leave the family, so they're very close.
Speaker 1 (29:46):
My dad didn't leave the family. Well, actually he did
leave the family.
Speaker 2 (29:49):
That was a dig at you, sir. Of course you did.
Speaker 1 (29:52):
Of course I just went I just went a different direction.
Speaker 2 (29:56):
Goodbye, good bye. This is KF I am six.
Speaker 1 (30:02):
You've been listening to The Bill Handle Show. Catch my
Show Monday through Friday, six am to nine am, and
anytime on demand on the iHeartRadio app.
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