January 6, 2025 • 30 mins
Manny Munoz speaks with Mark Hamrick, Senior Industry Analyst at Bankrate.Com, discusses New Year’s resolution from a financial angle.
And, Dr. Susan Albers, well known clinical psychologist at the Cleveland Clinic and best-selling author, on New Year’s resolutions having to do health and fitness.
And, Dr. Susan Albers, well known clinical psychologist at the Cleveland Clinic and best-selling author, on New Year’s resolutions having to do health and fitness.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Welcome to iHeartRadio Communities, a public affairs special focusing on
the biggest issues impacting you this week.
Speaker 2 (00:08):
Here's many muonios.
Speaker 1 (00:11):
Hello Owen, thank you for joining us today. New Year's resolutions.
Many of us make them publicly, others set our goals
in our heads. We'll look at the issue from two
different angles. In the second half of our show, we
will focus on health related new Year's resolution, so stay
tuned for that. But first, financial goals. How to set them?
(00:32):
More importantly, how do we keep them in the new year.
Let's start off our discussion by bringing in Mark Hamrick
is a senior economic analyst for Bank Rate. You could
follow him on x at hamrihckisms one of my favorite
handles on X Mark always good to get a few
minutes of your time. Thanks for joining us.
Speaker 2 (00:49):
Good to be with you, sir.
Speaker 1 (00:50):
All right, let's start off with this because maybe most
of us think about a healthier US physically in twenty
twenty five, but eighty nine percent of America, according to
your survey, say they've set financial goals for the new
year as well well.
Speaker 2 (01:05):
I also think many that all of these things work together.
Financial well being is very much aligned with mental well being,
and ultimately we know that connects to physical well being.
And so this is why if one of these things
is out of whack, it can have a cascading effect.
And so to try to optimize our finances toward a
(01:29):
hope for goal of better financial well being can have
essentially a multiplier effect, have a number of benefits that
isn't just about the money. Yeah, so it turns out
that this is a good time a year to reflect
on these things. Yeah.
Speaker 1 (01:43):
I don't think there's any question. Obviously, financial woes financial
issues is a big stressor for many many Americans, and
it also makes sense I think that people would be
setting these goals even as inflation is eased, many of
us are still feeling it, and mark statistics show that
a lot of us have been spending beyond our means
in terms of travel and holiday spending as well.
Speaker 3 (02:05):
Well.
Speaker 2 (02:05):
We still have essentially the same problems that we've had
in our country for many, many years with respect to
how we're managing our personal finances. Most Americans still live
paycheck to paycheck. Most Americans feel behind on their retirement savings.
And those are not just observations, those are facts that
(02:28):
have to do with essentially getting to that notion of
financial well being and financial capability. We're not going to
resolve those issues in a month, but all of us individually,
whether we're living a solitary life or whether we're living
a life with family or among friends, it's on all
of us to try to take some ownership of these things.
Speaker 1 (02:50):
Well, let's take a look at this first from a
macro perspective before we get into some of the more
minutia about this. I imagine the first thing people would need
to do if they have a financial plan for the
resolution is to make a budget.
Speaker 2 (03:05):
That's a very good place to begin, because if we
don't have a roadmap, or we don't even know where
the roads are, it's hard to get to a destination.
And so essentially a budget that you can either do
electronically or on a sheet of paper, intends to capture
what we know about our ongoing financial condition. Essentially, the
(03:26):
money coming in on one side, the ledger of the
money going out on the other, and somewhere in between
we wedge savings and hopefully some have said, like Warren Buffet,
that we should save first and spend second. Course it's
easier for Warren Buffet to do that, and it is
for everyday America. But it's a good mindset. It's a
(03:47):
good mind Yeah.
Speaker 1 (03:47):
And then I also I think we need to try
and find a way the works what my wife calls
mad money, and there's something to just kind of enjoy
the fruits of our labor as well.
Speaker 2 (03:59):
Well. Ultimately we're going to probably do that whether we
plan for it or not. If my argument is well,
plan for right. In other words, if you have a trip,
whether it's across the country, across the state, across the community,
across the world, you don't want to put that on
a credit card and allow that debt to linger. Because
(04:21):
even as we speak, with interest rates coming down courtesy
of the Federal Reserve, it's still the case that the
average offer for the best qualified individuals in the credit
card space is still above twenty percent. And that means
that if people are paying that interest on an annual basis,
some are paying if they have a good credit score,
(04:43):
Some are paying twenty, some are paying twenty five, some
are paying thirty. So that kind of debt is something
to be avoided. Although I'm a fan of credit cards,
there are tool and like a tool that's a hammer.
You can use a hammer to either build a house
or to hear your thumb. We'd prefer to something with it.
Speaker 1 (05:00):
Yeah, and that's obviously one of your main points there
is to target that high cost debt before you look
anywhere else.
Speaker 2 (05:09):
Absolutely, there are really two ways to attack credit card
debt in terms of what to pay what. I would
say that you know you should make it a goal
to pay off your credit card debt. And there really
are two main strategies that people look at. They have
some nicknames. One is called the debt snowball effect. The
(05:32):
other is called the debt avalanche method. The snowball effect
meaning try to gather some momentum, is pay off the
smallest balance first. The other part is to pay off
the one that has the most costly rate of interest.
They probably if their credit card debts are going to
have comparable rates of interest anyway, But some people like
(05:53):
the idea of sort of checking the box off of
getting one card taken care of. And it's not just
the benefit of paying those things off, it's also has
the promise of raising one's credit score, right, and the
credit score is a little like a key in the
borrowing world. Either you possess one that's effective or not,
(06:16):
and you know, you go to the car dealership. I
would hope that if people go to a dealership or
another entity that's selling cars, they will get pre qualified
for a loan so they can know what that rate is.
And the people with the superior credit scores qualify for
the lowest rates of interest. And that's true of credit
cards as well, or there are other forms to.
Speaker 1 (06:32):
Borrow, so those that could least afford the higher rates
are the ones that end up paying them because of
that lower credit score.
Speaker 2 (06:39):
It can be a negative cycle. And you know that
also gets to financial know how or financial literacy. Not
everybody's aware that that's essentially a part of the business,
and so you know, people can get trapped in these situations.
Let's say they had a catastrophic health event and all
of a sudden they have a lot of medical debt,
or they lose their jobs, they have an interruption and income.
(07:02):
That's all the more reason to prioritize another thing. And
that's number two, by the way, among from our financial
security poll that found that the second resolution that people
essentially have for the new year is to save more
for emergencies. And for years, as you know, we've surveyed
(07:22):
on this at bank Rade, and it's still the case
that only around forty percent a little north of that
can pay an emergency expense of one thousand dollars or
more from savings. So we want to be in the
group that can do that.
Speaker 1 (07:35):
Continuing here with iHeart Communities, I'm Manny Munyos. We're speaking
with Mark Hamrick, senior economic analysts for bankrate dot Com.
And that's one of those things that sometimes for many
of us, as you mentioned, living paycheck to paycheck is
easier said than done. Mark, finding a way to have
a little bit of a nest egg or at the
very least saving on a monthly.
Speaker 2 (07:54):
Basis, well, what I would say, absolutely, I would say
that to your point earlier about having a variety of
thoughts about why we're saving money. Whether it's for goal,
it could be a bigger purchase down the line, it
could be for a vacation fund. Most of us are
thinking now past the current holiday season. Think about the
(08:18):
fact that now you've got a year to start saving
for the holiday season in twenty twenty five, because you know,
just sort of letting it come at you and not
really having a plan for that. We know the holiday
season is always going to roll around. However, whatever holidays
you're celebrating isn't necessarily only Christmas and or Hanukkah. There
(08:41):
are other seasonal holidays that people like to celebrate as well,
including essentially another cause for celebration that's going on a vacation.
Speaker 1 (08:50):
One of the things I found interesting about your bank
great survey is how Americans view their personal finances generationally.
Different generations look at twenty twenty five in different ways,
don't they?
Speaker 2 (09:05):
They sure do. And you know, we think about the
fact that people who are younger have more upward mobility
with respect to their personal finances and those who are
more senior. Let's just use baby boomers as an example,
those sixty to seventy eight, they tend to have a
more established trajectory, meaning they're not necessarily going to see
(09:26):
a big change in the way their finances present themselves,
and so members of Generation C though they age eighteen
to twenty seven, Well fifty five percent of those people
Gen z ers think that their finances will be better
by the time they get to the end of the
coming year, and only twenty five percent of boomers have that.
I'm sorry, only thirty seven percent of boomers have that
(09:48):
upbeat view.
Speaker 1 (09:49):
In a lot of ways, it is it is easier
said than done, right, even for financially savvy people differentiate
between something that we need and something we want. And
that's part of setting a budget as well well.
Speaker 2 (10:02):
Sure is, sometimes your greatest strength can also be among
your weaknesses. And in the United States of America, one
of our greatest strengths, among others, with respect to the
economy and the dynamism and innovative nature of the economy
and the greatness of innovation, and the American worker, the
hard work the workers do out there. It's very much
(10:24):
a consumer based culture, and those are the wheels that
keep the economy going. But sometimes it can be at
our detriment when we're prioritizing spending at such a high
level where we don't have any gas in the tank
after we've sort of executed that plan. And so, you know,
one of my ways of looking at that, and this
(10:44):
is true of saving for retirement as well. If you're
only focusing on today, you're really putting tomorrow at risk.
And that's true of saving for regular purposes as well
as saving for retirement, and to flip it even another way,
we talked about that upward mobility from the youngest adults,
and for the purposes of discussion, that could even include
(11:06):
millennials as well as members of Generation Z. These folks
are in the best position to save for retirement because
they have the opportunity to get that compounded return over many,
many years. And so one thousand dollars saved, you know,
forty or fifty years before it's needed, has a lot
more value than one thousand dollars that's saved let's say
(11:27):
five to ten years before it's needed.
Speaker 1 (11:28):
Well, let's conclude our conversation with that, because it's one
of those things I think that is really imposing about saving,
especially when it comes to our retirement investment strategies. Most
of us, at least personally, I'm complete. I'm just a
clueless putts when it comes to my investments. I know
I've got my four oh one k, my ira, but
how they're invested in all of those things is not
(11:51):
something I'm able to keep track of. If we made
a resolution we want to learn to invest more more,
what would be the best way to approach that.
Speaker 2 (12:00):
First of all, there really are are two things, assuming
we're also working on the other goals that we talked
about earlier, paying down debt, saving for emergencies, and ultimately
saving for retirement. And retirement savings is the primary exposure
that most Americans have to the US financial markets. Really,
you start with taking advantage of an employer provided opportunities
(12:23):
such as in a four oh one K or if
you don't have that, then there's some do it yourself means,
and you can find all about the variety of options
out there for free at bank great dot com. But
I would just say the first thing is just take
advantage of an employer match. If it's up to three percent,
five percent, whatever it is, that's money on the table.
If you're putting in that much money, then the employer
(12:45):
is going to match it. And secondly, then you start
to allocate it. And how you allocate it, what kinds
of to begin with, mutual funds or ETFs you utilize
ultimately is dependent on what your timeline is, meaning how
long you want to have the money invested. And for
most of us, even myself, who is more senior, you know,
(13:06):
I'm pretty far out on the risk spectrum, meaning I'm
willing to take risks because it's not only the first
day that you're retiring that you need to have that money.
You need to have that money last for the rest
of your life and typically typically that begins with an
S and P five hundred mutual funder ETF.
Speaker 1 (13:23):
So I guess the biggest rule of thumb if you
are sent, if you are setting financial goals for the
new year, is to create that budget and then your
advice also is to check in on that budget regularly
to make sure you're keeping up or you need to
adjust yourself.
Speaker 2 (13:38):
Yes, absolutely, and most of us have the opportunity to
get some free advice out there. If you don't have
free advice, whether it's from the bank you're doing business with,
the people are managing your money for retirement through your employer,
you can find a fee only financial planner where you
have a fixed amount of money that you're going to
spend on let's say an hour of a conversation, and
(14:00):
that's typically money while spat. Assuming the persons well qualified,
is to help you get an idea of where you are,
where you want to go and leader on track.
Speaker 1 (14:09):
Mark Camerck, Senior Economic analyst for Bankrate Dot com. You
can follow him on x at ham Rhicisms. Mark always
appreciate the time. I hope you are enjoying a wonderful
new year. We'll talk again soon.
Speaker 2 (14:20):
Thank you so much, my friend. Happy New YEARK to
everybody out there, including members of your team. I really
appreciate it.
Speaker 1 (14:26):
So we've looked at New Year's resolutions having to do
with your budget and finances. Now is promised we take
a look at how to vow a healthier you in
twenty twenty five physically and mentally. And for that we're
lucky to be joined by doctor Susan albers As, a
well known clinical psychologist at the Cleveland Clinic, best selling
author celebrated for her innovative approach to mindful eating and
(14:48):
stress reduction, and you can learn more about her work
at eating mindfully dot com. That's eating mindfully dot com
dot com. Doctor Alberts, good to talk to you.
Speaker 4 (14:59):
I appreciate time, Thank you so much.
Speaker 1 (15:03):
So let's start with what I imagine is likely the
number one New Year's resolution generally also probably the one
most likely to fail, and that's one about losing weight.
Speaker 3 (15:15):
You're absolutely right. For many years, weight loss has been
the number one goal. But over the recent years, we
have seen a transformation in this particular goal, particularly post pandemic.
What we've seen is that weight loss doesn't always equal
physical health. That we need to do some lifestyle changes
(15:37):
that will lead sometimes leads to weight loss, but transforms
our health overall, our mental health and our physical health.
So for example, something like sweep prioritizing sweep, getting seven
to nine hours, research indicates can help to regulate your appetite,
help you to make better choices, reduce emotional eating. So
(15:58):
that does help with weight loss, but overall helps with
your mental and your physical health for the long term.
Speaker 1 (16:03):
Yeah, and I want to get into the sleeping and
the importance of that in our physical and mental health
in just a moment, because whether people turn to a
fad diet or what's so popular the shots these days,
all of the data suggests that it's a failure in
the long run unless those weight loss efforts are combined
with actual lifestyle changes. And I think that's the key
(16:24):
that a lot of people miss.
Speaker 3 (16:27):
Yes, year after year, people tend to make the same
exact resolution around weight loss, and it really shows there's
a gap between what we want and what we do.
And sometimes we can fill in psychology and those lifestyle
changes to make significant differences. It's really the lifestyle changes
that are not the short term goals. According to research,
(16:49):
the second Friday of January is when people tend to quit.
Speaker 4 (16:55):
Or fall off.
Speaker 3 (16:55):
And that's pretty quick doing those short term goals. Yeah,
those bad diets and so yeah, this year, if you
are going to set a goal, really make a list
of some of those lifestyle changes that are going to
help your mental health and your physical health that you
want to do all year long.
Speaker 1 (17:14):
Well, you're a psychologist, how long do lifestyle changes tend
to stick?
Speaker 3 (17:19):
If you?
Speaker 1 (17:19):
Well, is there a rule of thumb, Like you do
something differently for three weeks or three months, it becomes
a routine or something like that.
Speaker 3 (17:28):
If you do a behavior consistently for a month, it
starts to become a habit. But what's really important is
the consistency and setting it up in the right way.
The reason that many people fall off or don't succeed
in terms of the goals are three reasons. Number one
is that they set unrealistic goals. They are too far
(17:50):
from where they actually are. So I encourage my patients
to start with where you're at. If you are walking
just to the end of the mailbox, maybe you go
a little bit further for your exercise goal, start with
where you're at. The second reason that people tend to
struggle so much with their goals is that they don't
understand the process of change is that we have to
(18:13):
get ready for change. It's not like a light switch
where we decide flip it on and we're ready to go.
It's more of like a dimmer switch where we need
some time to get ready. And then the last thing
that can stand in the way for many people is
that they just try and use willpower and try and
tell themselves just to change the behavior instead of setting
(18:34):
up different ways of strategizing their habits. So, for example,
if you want to change your social media use for
the coming year, that's a great one for your mental health.
Instead of just saying I'm not going to do it,
you can set up some boundaries in terms of how
much time you're going to be on every day. You
can use apps that limit your time, and then if
you take out social media, you have to put something
(18:56):
in its place. What are you going to do for
that time? So that's going to transform that just don't
do it into some structures can help you to make
it happen.
Speaker 1 (19:05):
One of the most difficult things I find, regardless of
what your goals are, is the motivation. And a lot
of us might have had the motivation leading into the
new year this past week, but continuing and finding the
motivation every day going forward, how is that something that
we keep up.
Speaker 3 (19:24):
Motivation comes from action. Often we want to relate and
rely on feeling like doing it instead the action causes
the motivation. One of my favorite strategies for keeping motivation
going is to create a stark goal instead of a
stop goal. So instead of saying stop eating sugar this year,
(19:47):
create a start goal such as I'm going to eat
two fruits and vegetables every day. And this new habit
tends to move out some of those negative habits instead
of wrestling with ourselves. So when you startup behavior, it
puts the you know, the gas on the pedal instead
of trying to put the brakes on. So that's one
thing that can help your motivation to really keep going.
(20:09):
Whatever goal you have, if it's a stop goal, turn
it into a start goal.
Speaker 1 (20:12):
Doctor Susan Alberts is a well known clinical psychologist at
Cleveland Clinic, best selling author, What about in terms of
diet denying ourselves, whether it's we like our pizza every
now and then or a burger, or we like, you know,
having a grown up beverage every now and they, do
you suggest people deny themselves those pleasures.
Speaker 3 (20:33):
I encourage people to stop with the strict restriction the dieting.
What we know from research working with patients myself is
that this is one of the most ineffective strategies and
move dieting aside in denial and instead focus on mindful
eating and mindful consuming of anything that when we start
(20:54):
to slow down make conscious choices. It gets rid of
a lot of the emotional eating, the over eating, because
we're often eating just on autopilot, we are multitasking, we
are doing many different things and just eating in a
routine way. When we start to eat mindfully, we pay
attention to when we're hungry, when we're full, what really
(21:15):
gives us pleasure and what doesn't, and we just make
much more conscious choices overall. So get rid of the dieting,
move that aside and really focus your energy this year
on mindful eating. If you want to.
Speaker 1 (21:27):
Eat healthier, and big changes, little changes rather in our
diet can make a big difference. There's been so much attention,
renewed attention put into some of the stuff that's in
our and the harm of the process and ultra processed food.
So maybe just even drinking less soda or having less
box meals on a weekly basis can go a long
way and make you having an effect on our health.
Speaker 3 (21:48):
Now, there are studies that have come out this year
that really look at the link between ultra processed food
and depression and anxiety, and there is a link between
the two, and so if you're somebody who's really struggling
with anxiety, depression, feeling blue, we can't underestimate the impact
(22:10):
of diet on our mood. And we're just at the
tip of the iceberg of knowing how our gut health,
all those foods, those processed foods impact our gut health,
and our gut health impacts our mood. So we're really
just starting to learn much much more about how foods
can reduce our stress level. For example, vitamin D this
(22:32):
is also associated with feeling blue, So if you are
somebody who is struggling with feeling blue, vitamin D might
be something you have to ask your doctor, but is
something that could be low and eating some vitamin D
rich food throughout the year is one piece that can
really help.
Speaker 1 (22:50):
Yeah, you talk about you use the word mindful again
and that your website eating mindfully. Some people in the
audience might hear that word mindful and thinking, oh, this
is some kind of hippie stuff, you know, a tree
hugger type thing. But we really have learned over the
last couple of decades the connection between our mind and
our body, and they kind of work symbliotically, don't.
Speaker 3 (23:10):
They They do, They impact one another. Mindfulness is sometimes
just a fancy word for being more conscious, being present
and aware. And what we've seen with you know, cell
phones and scrolling, is that we're so disconnected from ourselves
that we can be physically present and not mentally present
(23:30):
at all. And when we become more mindful and in
the moment, that's a ripple effect. I've noticed with my
patients when I teach them to eat more mindfully, they
become more mindful in their relationships, in their work. It's amazing.
Once you turn on that mindfulness in your life, it
can make a difference.
Speaker 1 (23:47):
So we talked about making those little changes in our
diet and what an effect they could have. And then,
of course there are different ways to go about changing
your lifestyle, and one of them is bringing exercise into it.
It's one thing, one thing to get on a treadmill
and how that can help us get healthier. It is
a very different thing to actually go outdoors and go
(24:07):
for a walk.
Speaker 3 (24:10):
It is going outside is very very Any kind of
movement is going to be helpful. Going outside helps with
getting vitamin D, some fresh air, and if you're somebody
who's struggling with getting exercise going in your life, one
or any action. One of my very favorite techniques is
called habit stacking. And they have read about habit stacking.
(24:33):
It's this very powerful technique where you take in the
existing behavior and pair it with a new habit you
want to develop. So, for example, let's say every morning
you drink your coffee religiously. I know I do, and
you can use that particular habit to the very next
behavior that you do, stack something with it. So I
(24:53):
have We'll have a lot of clients who will drink
that morning cup of coffee and the very next thing
they do is yoga. Or stretching or taking the dog
for a walk, and you can have it stack any
kind of behavior. For example, maybe you want to do
more hydration in your life. You pair that with every
time you check in with your phone or your lunch break,
(25:15):
or in the evening time, you want to increase your reading,
so you pair that with right after you brush your teeth,
your next task is to read one chapter. So pairing
the things that you already do and naturally rolling that over.
That's a great one for exercise, because I know for
many people exercise can be a tough one. I usually
(25:35):
reframe the word instead of exercise to say movement. You know,
we hear the word exercise, we've got to be sweating
and cardio. Any kind of movement can add years to
your life and can be a game changer for your
mental health.
Speaker 1 (25:48):
Doctor Susan Alber's well known clinical psychologists at the Cleveland Clinic,
bestselling author. Her website is eating mindfully dot com. Along
those very lines, what you were just talking about stress
and how that affects how it affects our mental health
is obvious, but less so how stress can affect our
physical health as well.
Speaker 3 (26:10):
Stress is a direct line to health and mental health issues.
What happens when we're feeling stress is that our bodies
become flooded with cortisol, that stress hormone, and it causes
a lot of inflammation in the body. It triggers the
fight or flight response, and then we're in a constant
state of feeling revved up. And what I've noticed, particularly
(26:33):
since the pandemic, is that people are not only prioritizing
making resolutions around their finances, relationships, fitness goals, but also
about their mental health, that they really have put that
as a priority. Now, if there's one thing that you
can do for your mental health that we know, according
(26:55):
to recent research, limiting your social media use to thirty
minutes a day can significantly reduce your anxiety, your depression,
and your loneliness. So this one action can have a
really profound impact on boosting your mental health and then
consequently your physical health. So I would say that would
be one thing that you can do to boost your
mental health. And the mental health and physical health go
(27:16):
hand in hand. When one is impacted, so is the other.
Speaker 4 (27:19):
And it's a little bit of like a chicken and
any make approach, right, I knew we weren't going to
have enough time when you only have about another minute
ninety seconds here we mentioned it early on sleep the
importance of not just sleep, but good sleep.
Speaker 3 (27:33):
Good sleep is key, and if you're getting anything below
seven hours or over nine, this often can be problematic.
Some things that you can do to improve your sleep
is to as hard as it is, avoid scrolling right
before you go to sleep because of that blue light.
You can also build a wind down period. We typically
(27:54):
go from one hundred miles an hour and then think
we're going to turn off and go right to sleep,
and that just isn't the case. There's also some wonderful
apps that can help people to sleep and turn off
their brain. Calm app, Headspace, clean Clinic has some free
apps that you can download. So there's many different things
that can help you to wind down before you actually
(28:17):
get into bed. Cool room at night is also very
helpful for getting your body in a state of relaxation.
Speaker 1 (28:25):
Turning off the mind, and I'm going to go long here,
but this is a personal one. Turning off the mind
is a problem I think a lot of people have
thinking about everything that's going on in the relationship, at
the office, finances, whatever, what is the best way to
do that as we're trying to wind down and either
get to sleep or fall back asleep after we've gotten up.
Speaker 3 (28:45):
It's a huge problem. Many people lay in bed at
night and they just keep going over and over together
to do lists, things that they could be doing throughout
the day, conversations that they've had. The number one tip
I have is beside your bed, write down that to
do list so that you can let it go, that
you can separate out a little bit. Also, doing some
(29:05):
stretching before you go to bed helps to relax the body,
and it's difficult to turn off the brain. If you
are up at night and ruminating on things, that's a
clear sign that there's some anxiety in your life. And
throughout the day, doing some stress management to prepare for
the evening time so that you are working on releaving
(29:26):
some stress throughout the day is going to benefit and
pay off when you are trying to go to fleet.
Speaker 1 (29:32):
Doctor Susan Albers, well known clinical psychologist at the Cleveland Clinic,
also a best selling author. Her website is eating mindfully
dot com. Thank you so much for sharing your time
and expertise with us today.
Speaker 3 (29:44):
Thank you and Happy New Year.
Speaker 1 (29:45):
All right, and that will do it with this edition
of iHeartRadio Communities. I'm Manny Muniell's. We'll be back with
another edition, same time, same place next weekend. Be well
Speaker 2 (30:00):
Mm
Welcome to iHeartRadio Communities, a public affairs special focusing on
the biggest issues impacting you this week.
Speaker 2 (00:08):
Here's many muonios.
Speaker 1 (00:11):
Hello Owen, thank you for joining us today. New Year's resolutions.
Many of us make them publicly, others set our goals
in our heads. We'll look at the issue from two
different angles. In the second half of our show, we
will focus on health related new Year's resolution, so stay
tuned for that. But first, financial goals. How to set them?
(00:32):
More importantly, how do we keep them in the new year.
Let's start off our discussion by bringing in Mark Hamrick
is a senior economic analyst for Bank Rate. You could
follow him on x at hamrihckisms one of my favorite
handles on X Mark always good to get a few
minutes of your time. Thanks for joining us.
Speaker 2 (00:49):
Good to be with you, sir.
Speaker 1 (00:50):
All right, let's start off with this because maybe most
of us think about a healthier US physically in twenty
twenty five, but eighty nine percent of America, according to
your survey, say they've set financial goals for the new
year as well well.
Speaker 2 (01:05):
I also think many that all of these things work together.
Financial well being is very much aligned with mental well being,
and ultimately we know that connects to physical well being.
And so this is why if one of these things
is out of whack, it can have a cascading effect.
And so to try to optimize our finances toward a
(01:29):
hope for goal of better financial well being can have
essentially a multiplier effect, have a number of benefits that
isn't just about the money. Yeah, so it turns out
that this is a good time a year to reflect
on these things. Yeah.
Speaker 1 (01:43):
I don't think there's any question. Obviously, financial woes financial
issues is a big stressor for many many Americans, and
it also makes sense I think that people would be
setting these goals even as inflation is eased, many of
us are still feeling it, and mark statistics show that
a lot of us have been spending beyond our means
in terms of travel and holiday spending as well.
Speaker 3 (02:05):
Well.
Speaker 2 (02:05):
We still have essentially the same problems that we've had
in our country for many, many years with respect to
how we're managing our personal finances. Most Americans still live
paycheck to paycheck. Most Americans feel behind on their retirement savings.
And those are not just observations, those are facts that
(02:28):
have to do with essentially getting to that notion of
financial well being and financial capability. We're not going to
resolve those issues in a month, but all of us individually,
whether we're living a solitary life or whether we're living
a life with family or among friends, it's on all
of us to try to take some ownership of these things.
Speaker 1 (02:50):
Well, let's take a look at this first from a
macro perspective before we get into some of the more
minutia about this. I imagine the first thing people would need
to do if they have a financial plan for the
resolution is to make a budget.
Speaker 2 (03:05):
That's a very good place to begin, because if we
don't have a roadmap, or we don't even know where
the roads are, it's hard to get to a destination.
And so essentially a budget that you can either do
electronically or on a sheet of paper, intends to capture
what we know about our ongoing financial condition. Essentially, the
(03:26):
money coming in on one side, the ledger of the
money going out on the other, and somewhere in between
we wedge savings and hopefully some have said, like Warren Buffet,
that we should save first and spend second. Course it's
easier for Warren Buffet to do that, and it is
for everyday America. But it's a good mindset. It's a
(03:47):
good mind Yeah.
Speaker 1 (03:47):
And then I also I think we need to try
and find a way the works what my wife calls
mad money, and there's something to just kind of enjoy
the fruits of our labor as well.
Speaker 2 (03:59):
Well. Ultimately we're going to probably do that whether we
plan for it or not. If my argument is well,
plan for right. In other words, if you have a trip,
whether it's across the country, across the state, across the community,
across the world, you don't want to put that on
a credit card and allow that debt to linger. Because
(04:21):
even as we speak, with interest rates coming down courtesy
of the Federal Reserve, it's still the case that the
average offer for the best qualified individuals in the credit
card space is still above twenty percent. And that means
that if people are paying that interest on an annual basis,
some are paying if they have a good credit score,
(04:43):
Some are paying twenty, some are paying twenty five, some
are paying thirty. So that kind of debt is something
to be avoided. Although I'm a fan of credit cards,
there are tool and like a tool that's a hammer.
You can use a hammer to either build a house
or to hear your thumb. We'd prefer to something with it.
Speaker 1 (05:00):
Yeah, and that's obviously one of your main points there
is to target that high cost debt before you look
anywhere else.
Speaker 2 (05:09):
Absolutely, there are really two ways to attack credit card
debt in terms of what to pay what. I would
say that you know you should make it a goal
to pay off your credit card debt. And there really
are two main strategies that people look at. They have
some nicknames. One is called the debt snowball effect. The
(05:32):
other is called the debt avalanche method. The snowball effect
meaning try to gather some momentum, is pay off the
smallest balance first. The other part is to pay off
the one that has the most costly rate of interest.
They probably if their credit card debts are going to
have comparable rates of interest anyway, But some people like
(05:53):
the idea of sort of checking the box off of
getting one card taken care of. And it's not just
the benefit of paying those things off, it's also has
the promise of raising one's credit score, right, and the
credit score is a little like a key in the
borrowing world. Either you possess one that's effective or not,
(06:16):
and you know, you go to the car dealership. I
would hope that if people go to a dealership or
another entity that's selling cars, they will get pre qualified
for a loan so they can know what that rate is.
And the people with the superior credit scores qualify for
the lowest rates of interest. And that's true of credit
cards as well, or there are other forms to.
Speaker 1 (06:32):
Borrow, so those that could least afford the higher rates
are the ones that end up paying them because of
that lower credit score.
Speaker 2 (06:39):
It can be a negative cycle. And you know that
also gets to financial know how or financial literacy. Not
everybody's aware that that's essentially a part of the business,
and so you know, people can get trapped in these situations.
Let's say they had a catastrophic health event and all
of a sudden they have a lot of medical debt,
or they lose their jobs, they have an interruption and income.
(07:02):
That's all the more reason to prioritize another thing. And
that's number two, by the way, among from our financial
security poll that found that the second resolution that people
essentially have for the new year is to save more
for emergencies. And for years, as you know, we've surveyed
(07:22):
on this at bank Rade, and it's still the case
that only around forty percent a little north of that
can pay an emergency expense of one thousand dollars or
more from savings. So we want to be in the
group that can do that.
Speaker 1 (07:35):
Continuing here with iHeart Communities, I'm Manny Munyos. We're speaking
with Mark Hamrick, senior economic analysts for bankrate dot Com.
And that's one of those things that sometimes for many
of us, as you mentioned, living paycheck to paycheck is
easier said than done. Mark, finding a way to have
a little bit of a nest egg or at the
very least saving on a monthly.
Speaker 2 (07:54):
Basis, well, what I would say, absolutely, I would say
that to your point earlier about having a variety of
thoughts about why we're saving money. Whether it's for goal,
it could be a bigger purchase down the line, it
could be for a vacation fund. Most of us are
thinking now past the current holiday season. Think about the
(08:18):
fact that now you've got a year to start saving
for the holiday season in twenty twenty five, because you know,
just sort of letting it come at you and not
really having a plan for that. We know the holiday
season is always going to roll around. However, whatever holidays
you're celebrating isn't necessarily only Christmas and or Hanukkah. There
(08:41):
are other seasonal holidays that people like to celebrate as well,
including essentially another cause for celebration that's going on a vacation.
Speaker 1 (08:50):
One of the things I found interesting about your bank
great survey is how Americans view their personal finances generationally.
Different generations look at twenty twenty five in different ways,
don't they?
Speaker 2 (09:05):
They sure do. And you know, we think about the
fact that people who are younger have more upward mobility
with respect to their personal finances and those who are
more senior. Let's just use baby boomers as an example,
those sixty to seventy eight, they tend to have a
more established trajectory, meaning they're not necessarily going to see
(09:26):
a big change in the way their finances present themselves,
and so members of Generation C though they age eighteen
to twenty seven, Well fifty five percent of those people
Gen z ers think that their finances will be better
by the time they get to the end of the
coming year, and only twenty five percent of boomers have that.
I'm sorry, only thirty seven percent of boomers have that
(09:48):
upbeat view.
Speaker 1 (09:49):
In a lot of ways, it is it is easier
said than done, right, even for financially savvy people differentiate
between something that we need and something we want. And
that's part of setting a budget as well well.
Speaker 2 (10:02):
Sure is, sometimes your greatest strength can also be among
your weaknesses. And in the United States of America, one
of our greatest strengths, among others, with respect to the
economy and the dynamism and innovative nature of the economy
and the greatness of innovation, and the American worker, the
hard work the workers do out there. It's very much
(10:24):
a consumer based culture, and those are the wheels that
keep the economy going. But sometimes it can be at
our detriment when we're prioritizing spending at such a high
level where we don't have any gas in the tank
after we've sort of executed that plan. And so, you know,
one of my ways of looking at that, and this
(10:44):
is true of saving for retirement as well. If you're
only focusing on today, you're really putting tomorrow at risk.
And that's true of saving for regular purposes as well
as saving for retirement, and to flip it even another way,
we talked about that upward mobility from the youngest adults,
and for the purposes of discussion, that could even include
(11:06):
millennials as well as members of Generation Z. These folks
are in the best position to save for retirement because
they have the opportunity to get that compounded return over many,
many years. And so one thousand dollars saved, you know,
forty or fifty years before it's needed, has a lot
more value than one thousand dollars that's saved let's say
(11:27):
five to ten years before it's needed.
Speaker 1 (11:28):
Well, let's conclude our conversation with that, because it's one
of those things I think that is really imposing about saving,
especially when it comes to our retirement investment strategies. Most
of us, at least personally, I'm complete. I'm just a
clueless putts when it comes to my investments. I know
I've got my four oh one k, my ira, but
how they're invested in all of those things is not
(11:51):
something I'm able to keep track of. If we made
a resolution we want to learn to invest more more,
what would be the best way to approach that.
Speaker 2 (12:00):
First of all, there really are are two things, assuming
we're also working on the other goals that we talked
about earlier, paying down debt, saving for emergencies, and ultimately
saving for retirement. And retirement savings is the primary exposure
that most Americans have to the US financial markets. Really,
you start with taking advantage of an employer provided opportunities
(12:23):
such as in a four oh one K or if
you don't have that, then there's some do it yourself means,
and you can find all about the variety of options
out there for free at bank great dot com. But
I would just say the first thing is just take
advantage of an employer match. If it's up to three percent,
five percent, whatever it is, that's money on the table.
If you're putting in that much money, then the employer
(12:45):
is going to match it. And secondly, then you start
to allocate it. And how you allocate it, what kinds
of to begin with, mutual funds or ETFs you utilize
ultimately is dependent on what your timeline is, meaning how
long you want to have the money invested. And for
most of us, even myself, who is more senior, you know,
(13:06):
I'm pretty far out on the risk spectrum, meaning I'm
willing to take risks because it's not only the first
day that you're retiring that you need to have that money.
You need to have that money last for the rest
of your life and typically typically that begins with an
S and P five hundred mutual funder ETF.
Speaker 1 (13:23):
So I guess the biggest rule of thumb if you
are sent, if you are setting financial goals for the
new year, is to create that budget and then your
advice also is to check in on that budget regularly
to make sure you're keeping up or you need to
adjust yourself.
Speaker 2 (13:38):
Yes, absolutely, and most of us have the opportunity to
get some free advice out there. If you don't have
free advice, whether it's from the bank you're doing business with,
the people are managing your money for retirement through your employer,
you can find a fee only financial planner where you
have a fixed amount of money that you're going to
spend on let's say an hour of a conversation, and
(14:00):
that's typically money while spat. Assuming the persons well qualified,
is to help you get an idea of where you are,
where you want to go and leader on track.
Speaker 1 (14:09):
Mark Camerck, Senior Economic analyst for Bankrate Dot com. You
can follow him on x at ham Rhicisms. Mark always
appreciate the time. I hope you are enjoying a wonderful
new year. We'll talk again soon.
Speaker 2 (14:20):
Thank you so much, my friend. Happy New YEARK to
everybody out there, including members of your team. I really
appreciate it.
Speaker 1 (14:26):
So we've looked at New Year's resolutions having to do
with your budget and finances. Now is promised we take
a look at how to vow a healthier you in
twenty twenty five physically and mentally. And for that we're
lucky to be joined by doctor Susan albers As, a
well known clinical psychologist at the Cleveland Clinic, best selling
author celebrated for her innovative approach to mindful eating and
(14:48):
stress reduction, and you can learn more about her work
at eating mindfully dot com. That's eating mindfully dot com
dot com. Doctor Alberts, good to talk to you.
Speaker 4 (14:59):
I appreciate time, Thank you so much.
Speaker 1 (15:03):
So let's start with what I imagine is likely the
number one New Year's resolution generally also probably the one
most likely to fail, and that's one about losing weight.
Speaker 3 (15:15):
You're absolutely right. For many years, weight loss has been
the number one goal. But over the recent years, we
have seen a transformation in this particular goal, particularly post pandemic.
What we've seen is that weight loss doesn't always equal
physical health. That we need to do some lifestyle changes
(15:37):
that will lead sometimes leads to weight loss, but transforms
our health overall, our mental health and our physical health.
So for example, something like sweep prioritizing sweep, getting seven
to nine hours, research indicates can help to regulate your appetite,
help you to make better choices, reduce emotional eating. So
(15:58):
that does help with weight loss, but overall helps with
your mental and your physical health for the long term.
Speaker 1 (16:03):
Yeah, and I want to get into the sleeping and
the importance of that in our physical and mental health
in just a moment, because whether people turn to a
fad diet or what's so popular the shots these days,
all of the data suggests that it's a failure in
the long run unless those weight loss efforts are combined
with actual lifestyle changes. And I think that's the key
(16:24):
that a lot of people miss.
Speaker 3 (16:27):
Yes, year after year, people tend to make the same
exact resolution around weight loss, and it really shows there's
a gap between what we want and what we do.
And sometimes we can fill in psychology and those lifestyle
changes to make significant differences. It's really the lifestyle changes
that are not the short term goals. According to research,
(16:49):
the second Friday of January is when people tend to quit.
Speaker 4 (16:55):
Or fall off.
Speaker 3 (16:55):
And that's pretty quick doing those short term goals. Yeah,
those bad diets and so yeah, this year, if you
are going to set a goal, really make a list
of some of those lifestyle changes that are going to
help your mental health and your physical health that you
want to do all year long.
Speaker 1 (17:14):
Well, you're a psychologist, how long do lifestyle changes tend
to stick?
Speaker 3 (17:19):
If you?
Speaker 1 (17:19):
Well, is there a rule of thumb, Like you do
something differently for three weeks or three months, it becomes
a routine or something like that.
Speaker 3 (17:28):
If you do a behavior consistently for a month, it
starts to become a habit. But what's really important is
the consistency and setting it up in the right way.
The reason that many people fall off or don't succeed
in terms of the goals are three reasons. Number one
is that they set unrealistic goals. They are too far
(17:50):
from where they actually are. So I encourage my patients
to start with where you're at. If you are walking
just to the end of the mailbox, maybe you go
a little bit further for your exercise goal, start with
where you're at. The second reason that people tend to
struggle so much with their goals is that they don't
understand the process of change is that we have to
(18:13):
get ready for change. It's not like a light switch
where we decide flip it on and we're ready to go.
It's more of like a dimmer switch where we need
some time to get ready. And then the last thing
that can stand in the way for many people is
that they just try and use willpower and try and
tell themselves just to change the behavior instead of setting
(18:34):
up different ways of strategizing their habits. So, for example,
if you want to change your social media use for
the coming year, that's a great one for your mental health.
Instead of just saying I'm not going to do it,
you can set up some boundaries in terms of how
much time you're going to be on every day. You
can use apps that limit your time, and then if
you take out social media, you have to put something
(18:56):
in its place. What are you going to do for
that time? So that's going to transform that just don't
do it into some structures can help you to make
it happen.
Speaker 1 (19:05):
One of the most difficult things I find, regardless of
what your goals are, is the motivation. And a lot
of us might have had the motivation leading into the
new year this past week, but continuing and finding the
motivation every day going forward, how is that something that
we keep up.
Speaker 3 (19:24):
Motivation comes from action. Often we want to relate and
rely on feeling like doing it instead the action causes
the motivation. One of my favorite strategies for keeping motivation
going is to create a stark goal instead of a
stop goal. So instead of saying stop eating sugar this year,
(19:47):
create a start goal such as I'm going to eat
two fruits and vegetables every day. And this new habit
tends to move out some of those negative habits instead
of wrestling with ourselves. So when you startup behavior, it
puts the you know, the gas on the pedal instead
of trying to put the brakes on. So that's one
thing that can help your motivation to really keep going.
(20:09):
Whatever goal you have, if it's a stop goal, turn
it into a start goal.
Speaker 1 (20:12):
Doctor Susan Alberts is a well known clinical psychologist at
Cleveland Clinic, best selling author, What about in terms of
diet denying ourselves, whether it's we like our pizza every
now and then or a burger, or we like, you know,
having a grown up beverage every now and they, do
you suggest people deny themselves those pleasures.
Speaker 3 (20:33):
I encourage people to stop with the strict restriction the dieting.
What we know from research working with patients myself is
that this is one of the most ineffective strategies and
move dieting aside in denial and instead focus on mindful
eating and mindful consuming of anything that when we start
(20:54):
to slow down make conscious choices. It gets rid of
a lot of the emotional eating, the over eating, because
we're often eating just on autopilot, we are multitasking, we
are doing many different things and just eating in a
routine way. When we start to eat mindfully, we pay
attention to when we're hungry, when we're full, what really
(21:15):
gives us pleasure and what doesn't, and we just make
much more conscious choices overall. So get rid of the dieting,
move that aside and really focus your energy this year
on mindful eating. If you want to.
Speaker 1 (21:27):
Eat healthier, and big changes, little changes rather in our
diet can make a big difference. There's been so much attention,
renewed attention put into some of the stuff that's in
our and the harm of the process and ultra processed food.
So maybe just even drinking less soda or having less
box meals on a weekly basis can go a long
way and make you having an effect on our health.
Speaker 3 (21:48):
Now, there are studies that have come out this year
that really look at the link between ultra processed food
and depression and anxiety, and there is a link between
the two, and so if you're somebody who's really struggling
with anxiety, depression, feeling blue, we can't underestimate the impact
(22:10):
of diet on our mood. And we're just at the
tip of the iceberg of knowing how our gut health,
all those foods, those processed foods impact our gut health,
and our gut health impacts our mood. So we're really
just starting to learn much much more about how foods
can reduce our stress level. For example, vitamin D this
(22:32):
is also associated with feeling blue, So if you are
somebody who is struggling with feeling blue, vitamin D might
be something you have to ask your doctor, but is
something that could be low and eating some vitamin D
rich food throughout the year is one piece that can
really help.
Speaker 1 (22:50):
Yeah, you talk about you use the word mindful again
and that your website eating mindfully. Some people in the
audience might hear that word mindful and thinking, oh, this
is some kind of hippie stuff, you know, a tree
hugger type thing. But we really have learned over the
last couple of decades the connection between our mind and
our body, and they kind of work symbliotically, don't.
Speaker 3 (23:10):
They They do, They impact one another. Mindfulness is sometimes
just a fancy word for being more conscious, being present
and aware. And what we've seen with you know, cell
phones and scrolling, is that we're so disconnected from ourselves
that we can be physically present and not mentally present
(23:30):
at all. And when we become more mindful and in
the moment, that's a ripple effect. I've noticed with my
patients when I teach them to eat more mindfully, they
become more mindful in their relationships, in their work. It's amazing.
Once you turn on that mindfulness in your life, it
can make a difference.
Speaker 1 (23:47):
So we talked about making those little changes in our
diet and what an effect they could have. And then,
of course there are different ways to go about changing
your lifestyle, and one of them is bringing exercise into it.
It's one thing, one thing to get on a treadmill
and how that can help us get healthier. It is
a very different thing to actually go outdoors and go
(24:07):
for a walk.
Speaker 3 (24:10):
It is going outside is very very Any kind of
movement is going to be helpful. Going outside helps with
getting vitamin D, some fresh air, and if you're somebody
who's struggling with getting exercise going in your life, one
or any action. One of my very favorite techniques is
called habit stacking. And they have read about habit stacking.
(24:33):
It's this very powerful technique where you take in the
existing behavior and pair it with a new habit you
want to develop. So, for example, let's say every morning
you drink your coffee religiously. I know I do, and
you can use that particular habit to the very next
behavior that you do, stack something with it. So I
(24:53):
have We'll have a lot of clients who will drink
that morning cup of coffee and the very next thing
they do is yoga. Or stretching or taking the dog
for a walk, and you can have it stack any
kind of behavior. For example, maybe you want to do
more hydration in your life. You pair that with every
time you check in with your phone or your lunch break,
(25:15):
or in the evening time, you want to increase your reading,
so you pair that with right after you brush your teeth,
your next task is to read one chapter. So pairing
the things that you already do and naturally rolling that over.
That's a great one for exercise, because I know for
many people exercise can be a tough one. I usually
(25:35):
reframe the word instead of exercise to say movement. You know,
we hear the word exercise, we've got to be sweating
and cardio. Any kind of movement can add years to
your life and can be a game changer for your
mental health.
Speaker 1 (25:48):
Doctor Susan Alber's well known clinical psychologists at the Cleveland Clinic,
bestselling author. Her website is eating mindfully dot com. Along
those very lines, what you were just talking about stress
and how that affects how it affects our mental health
is obvious, but less so how stress can affect our
physical health as well.
Speaker 3 (26:10):
Stress is a direct line to health and mental health issues.
What happens when we're feeling stress is that our bodies
become flooded with cortisol, that stress hormone, and it causes
a lot of inflammation in the body. It triggers the
fight or flight response, and then we're in a constant
state of feeling revved up. And what I've noticed, particularly
(26:33):
since the pandemic, is that people are not only prioritizing
making resolutions around their finances, relationships, fitness goals, but also
about their mental health, that they really have put that
as a priority. Now, if there's one thing that you
can do for your mental health that we know, according
(26:55):
to recent research, limiting your social media use to thirty
minutes a day can significantly reduce your anxiety, your depression,
and your loneliness. So this one action can have a
really profound impact on boosting your mental health and then
consequently your physical health. So I would say that would
be one thing that you can do to boost your
mental health. And the mental health and physical health go
(27:16):
hand in hand. When one is impacted, so is the other.
Speaker 4 (27:19):
And it's a little bit of like a chicken and
any make approach, right, I knew we weren't going to
have enough time when you only have about another minute
ninety seconds here we mentioned it early on sleep the
importance of not just sleep, but good sleep.
Speaker 3 (27:33):
Good sleep is key, and if you're getting anything below
seven hours or over nine, this often can be problematic.
Some things that you can do to improve your sleep
is to as hard as it is, avoid scrolling right
before you go to sleep because of that blue light.
You can also build a wind down period. We typically
(27:54):
go from one hundred miles an hour and then think
we're going to turn off and go right to sleep,
and that just isn't the case. There's also some wonderful
apps that can help people to sleep and turn off
their brain. Calm app, Headspace, clean Clinic has some free
apps that you can download. So there's many different things
that can help you to wind down before you actually
(28:17):
get into bed. Cool room at night is also very
helpful for getting your body in a state of relaxation.
Speaker 1 (28:25):
Turning off the mind, and I'm going to go long here,
but this is a personal one. Turning off the mind
is a problem I think a lot of people have
thinking about everything that's going on in the relationship, at
the office, finances, whatever, what is the best way to
do that as we're trying to wind down and either
get to sleep or fall back asleep after we've gotten up.
Speaker 3 (28:45):
It's a huge problem. Many people lay in bed at
night and they just keep going over and over together
to do lists, things that they could be doing throughout
the day, conversations that they've had. The number one tip
I have is beside your bed, write down that to
do list so that you can let it go, that
you can separate out a little bit. Also, doing some
(29:05):
stretching before you go to bed helps to relax the body,
and it's difficult to turn off the brain. If you
are up at night and ruminating on things, that's a
clear sign that there's some anxiety in your life. And
throughout the day, doing some stress management to prepare for
the evening time so that you are working on releaving
(29:26):
some stress throughout the day is going to benefit and
pay off when you are trying to go to fleet.
Speaker 1 (29:32):
Doctor Susan Albers, well known clinical psychologist at the Cleveland Clinic,
also a best selling author. Her website is eating mindfully
dot com. Thank you so much for sharing your time
and expertise with us today.
Speaker 3 (29:44):
Thank you and Happy New Year.
Speaker 1 (29:45):
All right, and that will do it with this edition
of iHeartRadio Communities. I'm Manny Muniell's. We'll be back with
another edition, same time, same place next weekend. Be well
Speaker 2 (30:00):
Mm
Host
Manny Munoz
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