March 29, 2024

If only we had avoided these stupid mistakes

In this week's episode, Kristen and Pete recall the mistakes they made early in their financial lives.

Episode Transcript

Peter Dunn: [00:00:00] Are we started? Here we go. Hello, everybody. It's the Be The Planner Show. False start. Hi, Kristen. Hello. How was that?

Kristen Ahlenius: That was fabulous.

Peter Dunn: Kristen, I did not tell you I was going to talk about this on the show or even right now, but let's, let's move you off your comfort chair. Pedestal here for a moment. Oh, no.

What happened in the stock market on Tuesday that is one of the most fascinating things that has ever happened on the stock market and will be incredible to watch play out?

Kristen Ahlenius: I am totally thrown off because I'm thinking of something that happened Thursday. What happened Tuesday? What happened

Peter Dunn: Thursday?

Kristen Ahlenius: Well, it's in my news. I don't wanna But I don't think we're talking about the same thing. What happened Tuesday?

Peter Dunn: The Trump Media and Technology Group. Oh my word. DJT Nesdaq. The Donald Trump stock, which is kind of true social, kind of not. [00:01:00] Here's the good news. It is fascinating to me. I've been reading and listening and I find it to be It will be one of the most captivating investment stories for the next 18 months, because I believe it, since there's really no underlying case for for the financial fundamentals of this particular stock, given that they've got about 3 million of revenue and they're valued at 3 billion.

By the way, but with that math, Kristen. Your money line, you're valued at well over 3

Kristen Ahlenius: billion. That's so exciting. I'm really happy for

Peter Dunn: us. No, I think it's fascinating because there's literally nothing going on financially within the organization. So it is just a proxy of how people feel. About Trump. You either buy a share because you think that helps or you [00:02:00] want to short the stock so bad because you can't stand them.

And I think it is fascinating. It is fascinating.

Kristen Ahlenius: Yeah, that's super interesting and is a, is quite a parallel to some videos that I kind of dove into this week about like celebrity brands just in general and how, why they do and they don't succeed and the likeness of people and the way that it can capture investor dollars and then buyer dollars and how quickly those things tend to just like Like just, I don't know what word I want to use.

They just like, they, they're coming right back out as quickly as they're going in. It's so interesting.

Peter Dunn: So here, here's a theory on the Trump stock that I have. I've just really, I've been, I've spent way too much time thinking about this. I believe you. But that's the good thing about not being able to sleep at night is that you, there's plenty of topics to go through.

So here's a, here's some possible theories here. Okay. What if, [00:03:00] I do mean, if, what if. As polls continue to come out and we sort of see who's in the head in the presidential election, that the stock just goes up and up and up in this fervor of, Hey, Trump's going to be president again. And so it just sort of rides the polls up.

And so someone could, even if you don't care for Trump and you don't plan on voting for him. But you think he's going to win, which I know a few people who feel that way. I, you could make the argument that you could actually invest in the stock and benefit from that. And then there's also the idea that if for some reason he were to lose, the people who would have bought the stock anyway, aren't going to sell it because they're buying the stock to support.

Him and his stuff. And so then that's sort of foolproof. And then Kristen, this is where it gets really wild. If this is actually a mechanism to get more money in the hands of Trump, which he, [00:04:00] you know, has like three or 4 billion associated with this thing. Then that is to say at some point in time, he will sell his shares.

And when you dump that many shares. Into the marketplace, the stock will tank and it will have been supported by all the people trying to support him. So all the people who are buying the stock because they love. Co author of the Bible, Donald J. Trump, they will, wait, all the people who buy the stock to support him, when he sells all of his shares because he'll need money, they will all lose.

That's what's going to happen.

Kristen Ahlenius: So he is the equivalent. He is. the equivalent of Reddit's Thunderkitty.

Peter Dunn: There is some Thunderkitty aspects

Kristen Ahlenius: to this. Cause right? Wasn't that his whole thing? He like told other people, he, she, I'm not, do we know who this person was? Like told everybody to buy, buy, [00:05:00] buy, and then sold out.

Very interesting.

Peter Dunn: Now there are people that both believe he is a legitimately been charged with a bunch of stuff. And there's a bunch of people who believe he's been illegitimately charged with stuff. And so great. I'm not here to, to certainly. Debate that today, but what I will say is, do either of those two groups of people not believe that this stock will have the most scrutiny ever by the SEC?


Kristen Ahlenius: heavens,

Peter Dunn: yes. There will 100% mark the day. Mark the day and time 100% be fraud Charges associated with the stock 100%. And it's not even based on whether I think there's fraud. It's that no matter what you think, both groups agree there will be scrutiny on this.

Kristen Ahlenius: That's interesting, and I'm hoping that I can Oh, I couldn't pull one up right away because I was going to say, I just read an article about how many million dollars Nancy Pelosi made like last [00:06:00] week or the week before trading stocks.

So what's interesting is that we continue collectively to let that, she's not the only one, right? She's just the one we all love to talk about, but it's interesting that that continues to run rampant, but you're exactly right. It's like, This, this is all we're going to hear about for the next four years.

Peter Dunn: I will say this the Pelosi situation is interesting to me because it is a whole other category of grift, right? It is like a whole, like you, you have inside information, you trade on the inside information,

Kristen Ahlenius: right? Two sides of the same coin for me, really. I don't think so. I

Peter Dunn: think it is. No, here's why.

And I actually, Jason points this out in the comments on this live stream, because she is not. She can make trades based on this information, but she can't have foreign governments prop up the stock. Like it's completely different. Right. And it's at no point in [00:07:00] time is the stock, whatever she's investing in just going to dump when she leaves it.

And that will 100 percent happen. Like it is guaranteed that the primary shareholder will pull all of their money out at some point in time. And that's what will happen with DJT. And I can't, I just want to watch it unfold. I don't want investors to get hurt, but they're going, they're going to people will for sure.

And the crazy part is you can't, you can't even say, Oh, Hey, avoid it. Don't do it because what's going to happen is at least at least in the next eight months, there's going to be so much run up on it. There's money to be made.

Kristen Ahlenius: This is not investment

Peter Dunn: advice, not investment advice, but it's going to be interesting.

So anyway I'm reading here actually from the Bible

four score and 20. I'm sorry. That's I love the news. I do. I do. [00:08:00] Hey, you don't want to talk about any of

Kristen Ahlenius: this, do you? Sixty dollars is steep, but.

Peter Dunn: I know. Alright. Very good. Let's talk about money. You ready to start the show? No Dame today. Dame is in paradise. Right? Yes. I haven't seen any pics yet. Have you?

Yes. How do you get the pics and I don't? Do

Kristen Ahlenius: you always respond when people text you?

Peter Dunn: Oh God, no, no, no,

Kristen Ahlenius: no. Maybe evaluate that.

Peter Dunn: He hasn't texted any pictures. No, actually, I do generally respond. Oh. At least to you and Dame I do. That is

Kristen Ahlenius: true.

Peter Dunn: That is true. Yeah. In three, two, oh, pulled up the calculator again.

Old man. Old man, here we go. Three, two, this week on the Pete, the planner show, we answer your money questions. Here's how the show works. Email us. Ask Pete at Pete, the planner. com. That's ask Pete at Pete, the planner. com and we'll do our best to answer our questions. Here's what the show is [00:09:00] not. It is not a show in which I give you like little bits of fun financial things.

And then with the takeaway being. Hey, call me on Monday so I can manage your finances. That's not what the show is. We are not a call me on Monday group. We are just here to serve the greater good by we today, at least. I mean, Kristen Alenius director of advice and education, education of advice at your money line.

Hello. What? They're both, they ever, I got all the words. You

Kristen Ahlenius: did get all the words. It's just, I feel like we've been here before.

Peter Dunn: Kristen, you've known me a very long time. We have been here before, but I, they jumble in my head. That's fair. Kristen, Pete. All right. So this may, when, when the youngs finish matriculating through school, we will launch all of these college educated youngs out into the world.

Out into the ether, and they will need to start their financial lives. So what I wanted to [00:10:00] do today is I wanted to get ahead of that a little bit as people come home, maybe for Easter, Happy Easter, everyone. I want to talk about what is the right road map for launching a financial life? Especially sort of a young professional sense.

Like, where do we, where do we even begin with this?

Kristen Ahlenius: Yeah, I think I think about myself and maybe we can get to this point later is like, what did I do? Well, and maybe what would I have done differently in hindsight, giving that advice. So I think it starts at, if we think of your money life or your money line, if you will, your timeline of money I think it starts with the now.

And like the end your expiration date, and we start with both of those things in this space, which is how do we make sure that we have stability today? And we're also securing our future success. And so I think my preference would be to start with a debt repayment strategy.

Peter Dunn: Okay. So you say to start a financial life with the [00:11:00] end in mind, start with debt repayment strategy.

Kristen Ahlenius: Yeah, because ideally your debt repayment strategy is set it and forget it. And the reality of being kind of launched into, I hate it when people, I used to hate it when people would say this to me, but you'll know what I mean, which is like you're being launched into the real world, whether I know, I hate that.

I can't believe you just said that. Well, I preface it by saying I hate it, but now you know what I'm, what I'm talking about is whether you're coming from high school or you're coming from college and you're being launched into this space of full time employment the debt strategy is where I wanted, I think people should start because you're faced with so many decisions.

Decision making fatigue when it comes to your personal finances is so real and I don't. Anything that we can backburner, like, let's just do that.

Peter Dunn: Yeah, I agree with you. I think student loan debt being the main debt people are trying to run [00:12:00] from. Yeah. Is that would you agree that most people starting their financial life are in the hole via student loans?

And that's where you're like, hey, let's deal with your past.

Kristen Ahlenius: Yeah, I think it's student loans. And I know a fair amount of people that graduated college with me that had small. Relatively amounts of credit card debt to

Peter Dunn: okay, that's fair beyond that. Then it is a matter of for me, it's okay. Let's what happened in the last four years.

And now I'm immediately going to jump my brain forward 40 years. That's, that's how I think of it. It's like, okay I'm now an adult. I have to deal with what I've just done as a preadult for the last three or four years, but now I must think about the end of my career on the first day of my career.

And work backwards off that because Kristen, as you know, the hardest thing a person, well, this is my assertion. Feel free to disagree. The hardest thing a person will ever do is retire successfully. And so that must be the very first task. Yeah,


Kristen Ahlenius: don't, I don't disagree with [00:13:00] that. And the most dangerous thing, you and I have talked about this on other medias.

And I'm sure we've talked about it here, but maybe not super recently is one of the most dangerous things that we can do when we enter the workforce and get access to some sort of qualified account for the first time or retirement plan sponsored by your employer is to capture the match and then just kind of forget.

That account exists. Like we have a dollar for dollar match up to three percent. You put in three percent and for your tenure with that employer, that's just kind of, I love the idea of set it and forget it, but let's make sure that the, the dollar amount we're contributing makes sense for the best outcome from a retirement perspective.

Peter Dunn: Let's crank up the provocative nature of this segment. Oh boy. And just distill it down to what are the biggest mistakes a person can make within the first three months of their career. Oh, financially. Okay.

Kristen Ahlenius: You first. I'm scared.

Peter Dunn: What if they're scared? No, it's just like the biggest mistakes you can make are to [00:14:00] commit to a lease, like a rent payment or a home before you factored in retirement savings and or student loan repayment.

I think that's fair. I think that is the biggest mistake people make is that with a student loan grace period, not ending until January after graduation, that you create this entire financial life on a faulty amount of net income. That's going to change in six months. And I would say for the average college graduate with student loan debt, February of the year after they graduate.

So what are we going to call that? Kristen, we're going to call that nine months later. I got a little baby bundle of despair nine months later on graduation. That's so sad. I know, but it's true. You're not wrong. Wow, I love hearing that. I think that's number one. It's just like, the first nine months are just chaotic.

And number two, do you want to go number two? I can hit you with more. You can go, go

Kristen Ahlenius: ahead.

Peter Dunn: [00:15:00] I think the, and this one's tough because this is where I do sound like old cranky pants, is Not that I don't normally sound like that. I would say it revolves around that exhale of, I'm an adult. I want to make a purchase that makes me feel independent like I'm an adult.

And people get so out over their skis with that. Move and sometimes it's hard to recover

Kristen Ahlenius: from. Yeah. And my first one I think is rooted in that same idea because your first, I don't know about you, I'll speak for me, but my first job, even though I was making not enough money, It was still the most money I had ever made in my life.

And you're just like, well, I'm rich. Like I have so much money. Look at all this discretionary income that I've never had before. And that income rarely goes as far as we think that it's going to when we enter that first phase of our career. And so I think that what I see that turn into a [00:16:00] lot is a car purchase.

Peter Dunn: Totally, totally for us, Mrs. Planner and I. I've told you this story before and it actually plays into a segment we're gonna talk about later in the show. We decided to start our marriage one month after college, not only in a new home that we purchased, but with a dog we paid $800 for. Yes, I paid $800 for a dog in September of $2,800.

Yeah, now we loved him very much. It is now 2024. I'll do the math for you. The depreciation expenses have run out He is a lovely lovely dog. Oh, we only have memories of at this point. May he rest in peace Otis But but yeah, that was like one of those things is like, okay, we have jobs. We have money Yeah, let's go buy an 800 dog.

That makes sense. That's what someone who's 22 does

Kristen Ahlenius: You're not wrong. You are not [00:17:00] wrong. We, do we want to, in the next segment, talk about things we did well and things that we didn't do

Peter Dunn: well? Yeah, yeah. I'll hit you with I don't know what I did. I don't think I did anything well until I was 28. I'm not sure I still have done anything well to be, to be quite frank.

But you know what? Here's the next segment right here on the show. Okay. The next segment is what Kristen has done right and how you can be like her.

Kristen Ahlenius: Boy, lovely.

Peter Dunn: All right. That's what we'll do. Also on the show, we're talking pets later in the episode. I have a tribute to a long time listener that passed away this week.

Cause we were going to talk about that wonderful gentleman later in the show and so much more. It'll be an eventful day here on the pizza planet show. And as we speak, Dame is in paradise texting us, texting us pictures where it's like four in the morning there. So welcome to Island time. My friend.

We'll be back right after this. This is the Pete the Planner Show. I am Pete the Planner. [00:18:00] Kristen. Pete. It's come to my attention that you've come into some money.

Kristen Ahlenius: Oh my gosh, Dame really did text us. I thought you were being funny.

Peter Dunn: You thought I was being funny?

Kristen Ahlenius: Yeah. I gave it a thumbs down. Go ahead.

Peter Dunn: Real quick.

You know how we were joking about how you're the only one that still reads reviews on the show? Yes. For some dumb reason, the other night I was like, well, I'm gonna jump on and see what I can see. Kristen's an influencer. I not only did I see that, but I also saw one from September, which I had previously seen because someone sent it to me that says Pete thinks he's some sort of comedy genius, but he's not.

And I read that again this week and I was like, there's some truth to that. There, there, I mean, there is some truth to that. I would not say I'm a comedy genius, although I do understand humor and I appreciate humor, but I wouldn't say I'm a comedy genius.

Kristen Ahlenius: That one in particular made me laugh because wasn't it the same one that that person said that they were going to continue to listen even though they don't like that aspect of the show?

Peter Dunn: [00:19:00] Yeah. And, and, and I also said, I think at the time when we talked about, I don't care that someone like, here's the. I don't care if someone doesn't enjoy the show. I think it doesn't, it's okay. I don't care. I don't like cottage cheese and Doritos. That doesn't mean I dislike you. I just like, whatever you like or you don't, I don't really care.

Kristen Ahlenius: I care. I'm a people pleaser. I can't help it. Kristen, you

Peter Dunn: came into some money here recently. I did. And. You have a little bit of a conundrum. I do. Can a sister buy something nice for herself?

Kristen Ahlenius: Okay. First of all, I didn't like come into an inheritance. It's not like an egregious amount of funds. First of all.

Yeah. I

Peter Dunn: think, you know, your mom and dad who occasionally watch the show or something, it's good for them to know that they're still around.

Kristen Ahlenius: Yeah. My parents are still among the living and they did not leave me any money. But No, I did. I came in to some money that I wasn't really expecting. And I am having, first of all, this is a first world problem.

So don't [00:20:00] just let me, let me be here, but I'm having a hard time, having a hard time spending it.

Peter Dunn: Okay. So let's just, let's just, we won't get too specific, but you've got a full emergency fund. Yeah. You don't have any debts other than your mortgage.

Kristen Ahlenius: I have, I have one, I have my student loan, but it's small.

You got a plan. You got it. Yeah. And it's on, I'm on plan. I'm on track.

Peter Dunn: But yeah. So it's like, at what point can you just break yourself off something nice?

Kristen Ahlenius: I know, but it's like, it is this, like we talk about our money scripts and our money personalities around here. And I am so money vigilant that it is sometimes to my own detriment.

And. I think it's hard to have compassion or empathy for people like that because if you're someone who doesn't have financial stability, your gut reaction is like, Oh yeah, it must be nice to have to worry about how you're going to spend money you don't need. And I get that because I've also been there too.

And it's like, But I got here from a place of extreme vigilance and now I'm having a hard time. [00:21:00]

Peter Dunn: I think a lot of people with that particular money personality have that same situation. Andy, a legendary listener agrees with you. So here's, I'm curious. So you're going to buy something. You are going to do it.

You've, you've, you've, you're going to do it now here becomes, can I say what it is? I guess you're going to you say what it is. Also, for me saying it, somehow it feels like on the nose, but go ahead. It's a it's

Kristen Ahlenius: a designer bag.

Peter Dunn: A design, a human called a purse, because at one point in time we switched from purse to bag and no one knows why and no one cares.


Kristen Ahlenius: well, yeah, but

Peter Dunn: yeah, it's a purse. And here's here's what I got to know. Will this become such a prized possession that you will never take it out into public or will you use it so much to justify the expense? Like it's one or the other. It

Kristen Ahlenius: is, it is. You're not wrong. I have a feeling it might become my entire personality and it will just be, it'll just come with me everywhere that I go because I will have to bring the, the [00:22:00] cost per use down as quickly as possible and be like, well, actually over my lifetime, it's really only going to cost me a penny a day to carry this thing.

And like, Who can't afford that? You know,

Peter Dunn: I bought a really nice pan, like a nice saute pan, like a really nice kind of crazy expensive, but I've used it so many times since I bought it. That price per use, baby.

Kristen Ahlenius: That's see, I feel like that's how I'm going to have to justify it is run the math and be like, come on, who can't afford 3 cents a day?

It's like a Sarah McLachlan commercial.

Peter Dunn: I don't think the commercial is for Sarah McLachlan. I think if she just happens to be

Kristen Ahlenius: the soundtrack. Yeah. But. People now know what I'm talking about.

Peter Dunn: All right, well, let's go back to the show and talk about all the things you do. Right, coming up in three, two, back on the Pete the Planner show, Kristen, a bunch of youngs are going to be launched into the world financially here in the next coming months.

They need to start their financial life off on the right foot. I don't know. Why do we say that? Kristen, we've talked a little bit about what not to [00:23:00] do, but a little bit about what to do. I'm just curious when, when you were young. And you know, I have to say, I feel like I just, in the last segment, I watched you age from the young to now one of the olds by saying, when these kids get in the real world, I feel like that was your final pass through the portico.

You are now an old. Well,

Kristen Ahlenius: that could be true. I've, I told you, I have a milestone birthday coming up, but I'm really feeling like I'm getting up there.

Peter Dunn: Well, here's the thing. What did you do when you were a young? In the first couple of years that you're like, Oh, I'm so glad I did that.

Kristen Ahlenius: I, something that might come as a surprise because my major in college was financial counseling and planning.

But Pete, what you and I know about that curriculum is that it's often focused on the eight, nine, 10 of someone's financial life and skips the one through seven. And so I had one personal finance class in my undergraduate. [00:24:00] coursework. I learned all about insurance and estate planning and tax strategies.

And I was like, that's all great, but I'm poor. Like I have no money. What? I don't know how to manage money. And so I made a very, very conscious and continuous decision to improve my financial literacy.

Peter Dunn: So you think the best thing you did, or one of the best thing you did was actually learn about money.

Kristen Ahlenius: Yeah, I, I, it's because I didn't necessarily like most people grow up with a lot of proactive conversations about personal finance or financial wellness. And I, you know, in my surroundings, I saw a lot of things that I'm like, Ooh, this doesn't feel right. And I don't know why I don't like this or why this feels like it's financially stressful.

And I was just so afraid of. One, I think it had to do with like being a first generation college student and not everyone supported spending that much money on [00:25:00] education that I felt like there was so much pressure to succeed and learning about my personal finances felt like a really natural way to do

Peter Dunn: that.

Yeah, I would say if I think back to those early days when I had hair and was Peter done there, there were two. Things that we did, Mrs. Planner and I, cause again, we got married a month after we graduated from college, two things we did that I look back on. I'm like, wow, that was actually mature. And that made a lot of sense.

Sure. The first is heinously boring and also on brand we were married. We bought life insurance, like, you know, like again, it's, you know, most students, when they graduate from college, they're probably not going to be married right away. They're not going to have survivors, so to speak. So that made sense for us.

And I, and I, I'm glad I did that. Cause it really began to take risk management seriously. Nothing like a 22 year old that takes risk management seriously. I'm a great time. You're so fun. I am so fun. The second thing we did, and I [00:26:00] actually talked about on the show a couple of weeks ago in some capacity or a few weeks ago, is that Mrs.

Planner from her summer's working hard. And I was an investment advisor at the time. She had like 2, 500 bucks extra in a savings account beyond an emergency fund. And so with my securities license in tow, I talked her into buying a mutual fund, but at NAV, I, she didn't have to, I didn't make her pay me commission.

What a guy. I know. And this was. I got it. I'm thinking hard, which is hard for me, except probably July, July of 2000. And then we auto deposited 50 a month every month since then.

Kristen Ahlenius: Yeah, you did. That was that account that you were like, it's just crazy to like, look back and be like, 50 doesn't seem like a big deal, but.

Now it's a big deal. Yeah, it's almost 50,

Peter Dunn: 000 now. That's crazy. Like, so the idea of, hey, we're just gonna put [00:27:00] 50 bucks a month in, even when you're 22, it's, it's not, you know, a trivial amount of money. It's going out with your friends one night, 50 bucks and we just did it. You forgot about you. We got used to it.

It's 50, 000. And like, that is one of two things I think we actually did in a reasonable way.

Kristen Ahlenius: Yeah, I had a professor in college tell me that when you, you know, enter the real world, if you will, to focus on having, you know, at least 10 percent of your income going to retirement and get on that debt repayment strategy because you've never made this kind of money in your life, so you won't miss it.

Peter Dunn: Can I have a really, really hot take here?

Kristen Ahlenius: Hotter than like two weeks ago.

Peter Dunn: What was that one? Oh, the, the,

Kristen Ahlenius: I don't want to

Peter Dunn: repeat it. That it's selfish to buy a burial plot. Correct. I stand by that. I'm for me, for me. Okay. Go on me. Okay. How about this one? I think one of the biggest wastes of money for the [00:28:00] Youngs Oh no, is international travel.


Kristen Ahlenius: Ellie's

Peter Dunn: in HQ two. I know, I know. Ellie's mad at me right now. Just like arms in the air. Well, here's the thing. Yeah. I think sp I mean, you're talking about spending, what, three, $5,000 a lot used massive trips. That same money sets you up for life. Yeah. That's a, that's a. There's so much big travel going on from the youngs.

And I think it's, I don't, I mean, we'll look, I think it's a mistake.

Kristen Ahlenius: I, I think that this, like, you can't put a price on memories and you'll never get this time back. And like, I think we've maybe for some people gone a little bit, a little bit far with it. I mean, I get it right. Because eventually life just gets in the way and you don't get to do those things.

So, but I do think there's balance.

Peter Dunn: Kristen, what else did you actually do? Right. In your early twenties.

Kristen Ahlenius: What [00:29:00] about, can we, can we slightly pivot and say what things went right because of just like when, how do I want to say this? Just like the age I was when they happened globally. Does that make sense?

Peter Dunn: Okay. Well, hit me. So

Kristen Ahlenius: for example, I am so fortunate. I, this had nothing to do with me, but it did change the trajectory of my financial life to have gone to school After the enactment of the William D. Ford federal direct loan program, though, exclusively federal lending for student loans and a low it coupled with a low interest rate environment, I would not have been able to be on the debt repayment strategy and then have gone back and gotten a second degree.

If I had gone to school like a generation ago,

Peter Dunn: but, but since then that same environment, not only exists, but it persists in the sense that there's still [00:30:00] readily available loans for a college education and relatively low interest rates. True, but

Kristen Ahlenius: the undergraduate caps, I think are lower than a lot of people think that they are.

And it didn't potentially just impact my financial life. My parents, who we love to talk about how parent plus loans are like the second line of defense for funding education and parent plus loans are higher. They have higher loan fees and because I went to school when it was a little bit cheaper, interest rates were a little bit lower and I went to a lower cost public school that changed the trajectory of my financial relationship with my parents.


Peter Dunn: you know, one. And I want to hit, before we hit the break here, that is a massive mistake in many instances is that when a person gets out of their college, they get out, they have a college degree, they don't know exactly what they're going to do. So they go get more education and try to figure it out along the way.

And I've [00:31:00] just seen time after time after time. Again, the premise here is you don't know what you're gonna do. It's not like, Oh, I'm going to I'm going to go to med school. It's like, well, no, you know what you're going to do, right? It's like, you just go get a grad degree because you don't know. And, and Kristen, you're talking about starting not five figures in the whole.

Yeah. Then you're talking about starting six figures in the whole. And in many cases, the math, it doesn't work. You can't actually recover from that.

Kristen Ahlenius: No, you get to this place where it's just untenable. And then you are in perpetual deferments

Peter Dunn: and forbearances. And then you're in this philosophical debate with people who are saying that to you about how you can't put a price on education and enlightenment and how dare you, it's like, well, look, how dare me, but how dare you, like, I love education.

Like, I love knowledge and, and, but there is an actual price tag to it. And if you're going six figures in the hole. Not a great way to start your financial life. Speaking of not a great way to start your financial life. Kristen has a pet peeve and she'll talk about it next right here [00:32:00] on the Pete the Planner show.

I'm Pete the Planner. You see what I did there?

Kristen Ahlenius: I did. For those on the podcast, something that I, can I say one thing I did that was bad? That I hope other people

Peter Dunn: don't do well, why would I say no to that ? Like, I like what are the circumstances of which I'm like, I didn't know if you were, you need to shut your mouth.

Kristen Ahlenius: I didn't know if you were, shut your

Peter Dunn: mouth a hurry. Don't in a hurry. I mean, well, we gonna go eat tacos.

Kristen Ahlenius: Y you, you say what? Like I'm in a hurry. As if every other week you don't go, I only have 50 minutes quarter's over Baby .

Peter Dunn: I, I, I'm relaxed for the first time in 90

Kristen Ahlenius: days. You got it. Okay. I put my student loans now.

Granted. I was broke. I was broke, broke, broke, but I put my student loans on a graduated repayment plan when I graduated college, which for those who are not familiar is you still pay them off in 10 years because I was like, I don't want to have student loans longer than a decade, but your payment starts smaller and increases in.

two year increments [00:33:00] and you pay more over the life of the loan. And I was in this mindset of like, Oh, well I'll continue to make more, which fortunately I did do that, but that doesn't always work out. And it really wasn't the best thing that I could have done.

Peter Dunn: Yeah, but again, you make the best decision with what you got in front of you.


Kristen Ahlenius: yeah, but the problem that I see a lot is that it's kind of similar to the retirement space where it's like, well, I'm, you know, I really don't feel like I can objectively afford more than the employer match, but let that become a back burner item for too long. I circled back and put my loans on standard repayment.

I probably let it go a little longer than I should have, but it would be a really easy thing to just like put on autopilot and leave. Even once your income increases to be able to support the higher payment. Yeah.

Peter Dunn: All right. We're gonna come back. I'm gonna do a tribute to my friend. Kristina, you know me well enough to know that like, all I'm thinking about right now is to not lose it.

You know, I tend to be a quick quick tear jerk. You know what I'm saying? Yeah.

Kristen Ahlenius: And you bring [00:34:00] it together just as quick usually. So,

Peter Dunn: I usually do, I do recover fast. I don't ugly. I don't like ugly cry. I just, it's more of a, And then I recover, but it's, it's uncomfortable. And here's the thing, here's there's certain topics that send me into when it's deep, when something is deeply personal, deeply personal When I, anytime I talk about my grandpa I, I I talk about my wife in any, any personal sense publicly and then usually it's not out of sadness.

It's out of appreciation. Like I'm not, I don't sad, I don't get sad. And that causes me to choke up. It's more out of like a positive thing. My grandpa did it. My dad does it. I do it. I do it. Ted's gonna do it. He doesn't even know yet. Yeah, baby. Okay. You

Kristen Ahlenius: also forgot really, really good success [00:35:00] stories at YML.

Peter Dunn: Oh, well, yeah, that's the pride. That's the

Kristen Ahlenius: I see. I'm sorry. I lost that in translation.

Peter Dunn: Yeah. Those are. Yeah. I mean, look, the one I could barely allude to it in a team media, I'm not gonna allude to it on the radio, but the one I referenced the other day, I'm like, Jesus Christmas,

Kristen Ahlenius: right? Life changing, literally life changing.


Peter Dunn: Okay, let's come back, talk about my friend, and then we'll go right into your hot take about pets. Okay. Peace. How are we going to talk about what I want to talk about and then go into pets? Hmm. You think I come back in the, well, then I went, I'll do it. Well, I'll make the segue. I'm a professional.


Kristen Ahlenius: yeah, you're a real genius. Top 1 percent podcast.

Peter Dunn: No, I'm a comedic gene. I think I'm a comedic genius, but I'm not. Exactly. But do I think it read the reviews? Three, two, one. Back on the pizza planner show, you know, what's happens from time to time by the nature of this show being on the air for 15 years [00:36:00] now people close to the show, people who've been not only friendly with the show, but have interacted from the, they pass away and we're in a, we're in a tough one.

This week as not only did someone who's been very kind to our show over the years pass away, but also someone I have a personal relationship with. So the world lost Howard Maxwell this week. There it goes, Kristen, almost got choked up. Howard is the dad of Chip, former co host of the show. And 2009, my, my good buddy Chip from, we became good friends in third grade.

His dad would listen to the show as, as anyone would when they're, when their son's co hosting a radio show and for a long time, he would have this running email dialogue with me about the show and what he thought about it and these sorts of things. And then when I started writing newspaper columns, He would regularly every week, just like have a conversation with me about my column via email.

He was 80 years [00:37:00] old, passed away. Just a, just a incredible guy. Military veteran just a good high character guy. So the world will miss Howard Maxwell. And purse to his family and friends. So, Howard, thank you. All right, Kristen, speaking of awkward segues. He would love this. He would actually email like, wow, that was a terrible segue.

Like, thanks, Allie. Thank you, Howard. Kristen you had a hot take that you want to do. It's we've turned into a hot take machine. We really have. It's true. And I'm nervous. Joe Rogan experience here. Oh, my. Kristen, you have this thing. And it's actually not different from my take about youth travel sports, which is if you can afford youth travel sports, legitimately they're fine.

If you can afford to have pets, legitimately pets are fine. But if you can't afford youth travel sports and it ruins your financial life, then you should not get involved with youth travel sports or If you cannot truly [00:38:00] afford the cost of pet ownership, and I don't mean spending 800 on a, on a, you know, AKC champion.

I mean, even adopting them from a humane society, then that is a problem. Kristen, did I capture your

Kristen Ahlenius: sentiment? Yeah, you did. I just think that. We don't talk about the cost of pet ownership enough because it is to me when I talk to people about their personal finances, it is a snake in the grass for so many people because it's just like a societal norm.

Like you have a dog or you have a cat or some exotic animal. And. We all just, most of us do, and we do not take enough time to think through the fact that for what could be 10 to 15 years, this, this animal will cost you probably a lot of money. How much?

Peter Dunn: Give it a number. You've done the math.

Kristen Ahlenius: I have. Do you know, do you [00:39:00] want to, I will, I'll expose myself.

Guessing game? Can we do a guessing game? I don't. You don't have a, okay, so you don't, we can do a guessing game. You don't have pets currently. So I don't know how, like you, how in tune to this you might be, but how much do you think I spent on, I have two dogs in, in 2023, how much do you think I spent

Peter Dunn: on them?

Okay. I will answer this question, but I think it's really important to note, to paint the picture. We are broadcasters. It is our job to do this. You have two really good boys laying behind you right now in your studio that you can't actually show us. No. But they, because if you do, once you wind those things up, they don't stop.

Correct. Okay, how much did you spend on your people, dogs? In 2023. Correct. Okay. I just want to make sure I'm covering the right thing. I vet care.

Kristen Ahlenius: Yeah. So this is vet care. They're F O O D. I can't say that word or they're going to like, I[00:40:00]

almost didn't think that one through they were going to

Peter Dunn: treats. How about treats?

Kristen Ahlenius: Those as well. I'm like holding my earpiece like so they can't dogs have really good hearing. They're going to be like in my lap in a minute. And then also keep in mind that some of their preventative care, I get it quite a discount and or free because my best friend, best friend is a vet.


Peter Dunn: my gosh, you know, I often think of like, who do you want your best friend to be? I've got some categories here and we'll get back to your segment here in a second. But like, here's who you want your best friend to be. Like, this is what you really want. An ER doc.

Kristen Ahlenius: Oh, good one. Yeah.

Peter Dunn: A chef. And there's a, there's one that you think you want him to be, but in actuality, it falls apart very quickly.

Kristen Ahlenius: A financial professional.

Peter Dunn: A masseuse. Like my best friend, Gary's a world class masseuse. Hey Gary, come rub me. And then you're like, wait a second, wait a minute. Just make me an omelet. What, what other, what other [00:41:00] categories Danza says hairdresser,

Kristen Ahlenius: a cosmetologist for sure. For sure. That's a great one.

Or a wine dealer. Another

Peter Dunn: good one. Okay. I think you spent in the year 2023 AD. Yes. Dame with the most hillbilly answer of all time, by the way, Dame is watching the show from paradise at like nothing in the morning and he says, excavator, you want your best friend to be an excavator? That's like, that is the high class hillbilly that is Dame, according to a review.

I'm going to go with

what kind of food do they eat? Do they like that fresh natural food? Or do you like absolutely not? No. Okay. Okay. That

Kristen Ahlenius: I have opinions about 2, 000. 2, 000. 2,

Peter Dunn: 200. Ooh, Brian Pinkin said 2, 300. I think he's been coming through your finances. Pretty much nailed it, yeah. 2, 000. But Kristen, can I counterpoint here for a second?

Are you going to hurt my feelings? No, God [00:42:00] no. No, no, no, no, no, no. I think that pales in the comparison to the cost of children.

Kristen Ahlenius: Oh, I'm not saying that it doesn't, but I'm

Peter Dunn: not trying to talk you into kids, by

Kristen Ahlenius: the way. Thank you. And, but I'm not saying that it doesn't, but I also think that there are more conversations.

I mean, how many times on this show do we talk about how expensive kids are? How often do you and Dame say that? And I'm like, I'm not, again, I'm not saying that it's not expensive, but how often take that example. Do you see someone who's like, well, we got the kids a puppy. So you have this really expensive child and then you got it an expensive child.

Peter Dunn: Yeah. I, I, yeah. That's fair. I think the, I'm with you on this point, by the way. I, I have a, oh, it's a sad story. I have a story from back when I was a financial advisor. Why do I get into these situations? Why am am why am I about to tell you this story? I know it's really sad. It's a really terribly sad story.

This woman was battling [00:43:00] cancer and she loved her two dogs. Mm-Hmm. . And they just both also got cancer. And so. As you might imagine, a person who's battling cancer is not going to abandon her pets who have cancer. So she spent tens of thousands of dollars to save the dogs. By the way, the end of the entire story is terrible.

I'm not going to tell you the story. It's an awful story. There's no redeeming quality to this story. Other than to say where it really gets rough is when something really goes wrong. And then you're using your emergency savings. To do that or if you don't have emergency savings then you're going into debt when the credit card comes out at the vet And with no intention of paying it off immediately, that is the sign of oh, no, we're in trouble Yeah

Kristen Ahlenius: I I said that my best friends of that and the conversations that she has to have about management of care based on lack of [00:44:00] affordability are just unbelievable

Peter Dunn: And I, I think too, like, do you ever, do you ever imagine there's like some guy in the woods with a German shepherd that has a tennis ball and he feeds them like deer and it's like that dog costs nothing, nothing.

I mean, that dog, like there are pets that cause nothing, but in some level. I mean, does the average pet owner spend, well, you have two dogs. So what can you say? They're a thousand dollars a year each.

Kristen Ahlenius: Yeah. They cost me

Peter Dunn: 83 bucks a month for dogging. Isn't that

Kristen Ahlenius: bad? It's not great though. And I think my point, my point, the whole takeaway of this is that I think when people get into pet ownership, that it's often way more expensive than we think it's going to be

Peter Dunn: point taken the boarding, the grooming.

The matching outfits. All right, here's what we're going to do. We're going to take a break, come back with biggest waste of money of the week, which are not going to be Pat's [00:45:00] and the news right here on the pizza planner show. I'm Pete, the planner. Can I tell you the rest of the story? No, it's terrible.

Like it is worst case scenario. End of that story. No, I don't know. It's terrible. I, I, I, I, so I was actually a financial advisor for about 12 years, right? During that time, I lost eight clients. And I think about them a lot because when you put together someone's sort of financial plan, you're, you're, you're involving yourself in their lives theoretically for decades.

Sure. And when that plan goes awry. And you don't get to see the completion of the plan in a good way. Then you're left seeing the completion of a financial plan based on risk management. Did the person have life insurance? Did they have disability insurance? Did they have an actual estate plan [00:46:00] that makes the survivors easier?

And I can, I mean, I can rattle off all eight people's names. I can still rattle off their spouses and kids names. Like it's one of those things that scars you and sticks with you. It's a financial advisor and you just hope that you Made what is a terrible thing just a little bit easier, but but each story is worse than the next because that's the whole point.

I mean, it's I mean, yes, I work with some elderly folks, but I was working with people my age, you know, a lot. And even though I'm close to elderly now, I wasn't back in the time. Oh, good times. Happy Easter. Everybody favorite Easter candy.

Kristen Ahlenius: Reese's peanut butter eggs.

Peter Dunn: No question. Oh, no question. And scene.

Yeah, exactly. Do you freeze them or do you eat them at room temp?

Kristen Ahlenius: I, I would say I don't like them frozen. I feel like Even ice cream I let melt for an egregiously long amount of time put them in the fridge because I do like [00:47:00] them chilled

Peter Dunn: Yeah, I freeze them hard. Yeah, they're delicious. I've not had one this season.

Have you had any I haven't had one That's weird. Wonder. Isn't that weird? I usually will How many a season will you consume?

Kristen Ahlenius: It depends on if my, Oh, I hope she's not watching this show. Cause then she's going to feel guilty and do this and she doesn't have time for this, but it's my mom. Cause she still like as adults has often done Easter baskets for us.

And if she's listening or watching this, you do not have the time to get me an Easter basket and I'm too old for an Easter basket, but it kind of depends on what. I don't know that I ever buy them for myself. It's like someone gives them and I eat them.

Peter Dunn: But Kristen would like an Easter luxury purse.

Kristen Ahlenius: No. Yeah. Yes, I would.

Peter Dunn: I, I think I consume about 10 Reese's peanut butter eggs per season, but I've had zero right now. So I, and I'm going [00:48:00] on spring break. So I don't know what's going to happen. Yeah.

Kristen Ahlenius: And I feel like they're around even longer. All the time to,

Peter Dunn: You know what Danza brought up the eclipse lucky Indianans Hoosiers.

So Kristen, on a scale of one to 10, 10 being, you're going to get a tattoo of the eclipse. Okay. You don't have to say where. And one being, I could give a rip. Where are you?

Kristen Ahlenius: Zero. One. Like, I could not, could not care less. Okay. Also, please, news outlets, stop telling people to stock up on food because that, you, people have enough food in their houses to survive, generally, generally.

Most of us, my pantry, if I was forced to, I could eat out of my pantry for probably And it's an embarrassingly long amount of time. Don't tell people to stock up on food. Our supply chain [00:49:00] cannot handle it. Oh my

Peter Dunn: gosh. That was much more aggressive than I was going like it. I, I respect and I have no problem.

I'm, I'm talking about my feelings. So if other people feel differently, that's great. I'm not dizzy. I'm not even disagreeing with them. I'm just giving you my perspective. I don't care at all. No. Mrs. Planner this morning. handed me a pair of these glasses that you're supposed to wear because she got up from the kids school and I put them on.

You can't see anything. You literally, I was like looking up at a bright light in my house. You can't see the light through the glasses. I'm like, is it? I know that's the point, but, but like what go, ah, you'll never see it again. It's like, I've never seen a kangaroo getting a fistfight with a, with a bunch of grapes.

Like I, there's a lot of things I haven't seen that. I don't care to see. And, and I'm just like, I don't care. I just want it to be over. But I'm happy for people. I'm thrilled for people who

Kristen Ahlenius: care we can. I'm, I always mess up that phrase. And [00:50:00] one of these days I'll get it that you said it was like, I appreciate that we can have different interests.

I'm happy for you. I don't

Peter Dunn: care. Yeah, yeah, yeah. Yeah.

Kristen Ahlenius: Big Rick in the comments from the top rope a little bit.

Peter Dunn: All right.

The glasses are designed to stare at the sun. Okay, let's go move on. I just started reading emails during the show. I'm sorry.

Kristen Ahlenius: It's the end of the quarter, you said.

Peter Dunn: I know. I should have read that one. I am relaxed. That's good. For eight business hours. I

Kristen Ahlenius: will not be. I have a lot of emails to

Peter Dunn: send. I sent them all this morning.

Okay. Let's go back to the show that we are both a part of, allegedly. Three, two, back on the Pete the Planner show. This week's biggest waste of money of the week is. And somehow I was not ready for that, even though I started the segment. The [00:51:00] Panzer off road electric scooter custom robotics. Panzer is a heavy duty scooter designed for the harshest job sites.

The scooter is aimed at professional work with dual direct drive motors. Powering fully suspended tracks. Can I get a timeout, Kristen?

Kristen Ahlenius: Dame's not here, but I suppose. And

Peter Dunn: the timeout is because of Dame. He would understand what all of those words just meant. What tracks are? Well, no, I just, there was some dual motoring.

Okay. All right. Ride time clocks in at about one hour on a full charge and the on off switch features a voltage readout for monitoring. Safety is also a priority. With dual led headlamps, if you don't happen to carry a flashlight in your pocket and a dual grip drive system that requires both hands to be on the handlebars to move.

Custom Robotics is taking pre orders for the Panzer now. [00:52:00] Kristen, what are you thinking there? I mean, you can see it on the screen. Big Rex swing. Have you, that's a good, that's quite the gas pal. What do you got Kristen?

Kristen Ahlenius: I am going to go. 14, 000.

Peter Dunn: Oh, should've listened to Andy. 10, 000. Oh, that's pretty

Kristen Ahlenius: close.

That was pretty good for me. I feel.

Peter Dunn: Okay. Kristen, what's in the news this week?

Kristen Ahlenius: Oh, come on, man. Robin Hood, our favorite stock trading app. It's making its way into the consumer market. That's right. Robin Hood just announced the launch of the Robin Hood gold card, a rewards card for their gold subscribers.

Currently wait list only. Of course, the gold card will sport the following. No annual fee. Love that. 3 percent cash back on eligible purchases. Don't know what that means. And 5 percent cash back on purchases through the Robin hood travel portal, which brings me to [00:53:00] my question, Pete, what number are you on the wait list?

Peter Dunn: Oh man. I'm going to pass. I'm going to stick with my American express card.

Kristen Ahlenius: Can I, what's the, I'm not sure. So I read the rest of the article and I think that the key here is that the rewards have to be put into your Robinhood account. So it keeps the money, keeps you coming back to their investment app, I think is the approach.

That's genius. So I mean, and also I don't know what eligible purchases are. 3 percent is high. 3 percent cash back is pretty high, but I don't know what, what is eligible.

Peter Dunn: Well, here's the thing I think of is I don't I don't know anything about gambling apps I literally don't have any I've never seen one I don't know anything but I my guess is your winnings go into a holding account Before they find their way into your actual bank account because they want you to then lose your [00:54:00] winnings so it's a very similar feel to me.

Yeah I like that as i'm saying. I don't know anything about gambling apps You're getting this sheepish look on your face. Like should I tell him about all the gambling apps on my

Kristen Ahlenius: phone? No, but I know lots of people who have gambling apps

Peter Dunn: on their phone that probably work here Do you think it's an unfair question if i'm interviewing someone?

to say, do you gamble on sports? You think that's a, is that a HR folks on here? I know we broadcast us on LinkedIn. Am I able to, I've never asked anyone that, but do you think I would be able to?

Kristen Ahlenius: Whether you should be able to, or are able to, and whether you should or probably different things, and I probably would not ask someone that because you're quite jaded to the sports

Peter Dunn: gambling world, I think it's based on good information.

What else is on the news this week?

Kristen Ahlenius: Being a driver or a passenger in Manhattan will be getting more expensive. In a 12 to 1 vote, the Metropolitan Transit Authority, MTA, approved legislation for a, quote, congestion pricing fee schedule, unquote. [00:55:00] The fee schedule has been released and is tentatively set to begin on June 15th.

There will be peak and off peak pricing, as well as discounts for using the E ZPass. So, essentially, it's going to become during the week. Peak hours, you're going to pay more to drive in Manhattan, I think in an attempt to reduce congestion, but I thought we could play a little guessing game. So it's broken down by peak and off peak.

I'll tell you what peak times are, but it's also broken down by vehicle type. Okay. So this is the fees for using if you use an easy pass. So these are the discounted rates. Here's the peak times 5am until 9pm on weekdays. Yep. And 9 a. m. until 9 p. m. on weekends.

Peter Dunn: Okay. Not a lot of off peak

Kristen Ahlenius: hours there. The waking hours of like 90 percent of the population is peak.

Okay. How much is a passenger driver going to pay with easy pass on peak?

Peter Dunn: What's weird about this is there's a lot of math involved in my [00:56:00] head right now. There's, I think of like the bridge in Louisville. to get to Louisville from Indiana and like that cost of crossing it. But then I got to go to New York prices.

Yeah. 14,

Kristen Ahlenius: 15 bucks. Oh, now, what do you think the off peak prices? Passenger vehicle, twelve, three dollars and seventy five cents.

Peter Dunn: That's the craziest spread of all time. Isn't that wild? It's not even dynamic pricing.

Kristen Ahlenius: That's unreal is what it

Peter Dunn: is. I'm trying to find the incentive or the disincentive there.

Like is the disincentive don't come to our city except when everyone's asleep and you can steal their stuff? Like what's the, like what, who,

Kristen Ahlenius: what? I don't know. And so, okay, the other category that I found really interesting is passengers of taxis. And then also there's a category for [00:57:00] Uber lift and other ride share passengers and how I don't, I feel like that's just a logistical nightmare.

Like to say that it's a dollar 25 per ride on top of your fare on top of the Uber dynamic pricing on top of the airport fee that I paid. Like it's just come on

Peter Dunn: New York is my favorite city in the world. I love it very much. But once I'm in the city, I am walking or I'm on a train and I'm not going in any other way.

No, but see also a lot of people who live in Manhattan don't have cars. So it really is people commuting in for work, but they should be taking the trains too.

Kristen Ahlenius: Yeah. Do you want to guess? If you don't use an E ZPass, how much it'll cost you, Drew? Oh, Lord. I hadn't even

Peter Dunn: thought about that.

Kristen Ahlenius: It's 15 if you have an E ZPass.

Peter Dunn: 22? 22. 50. Oh my gosh! Is that crazy? What's crazy isn't the price. It's that I [00:58:00] got it right! Right. Do we have time for one more news

Kristen Ahlenius: story? Yeah, I think we do. Do you want to hear about airplane seats?

Peter Dunn: Well, I'm flying this weekend, so yes, hopefully it's a safety issue. You,

Kristen Ahlenius: add it to the list. No, you will not be flying this airline.

Frontier announced this month a new seating option, Upfront Plus. That's right, the budget airline has added yet another upgrade option to its menu. Now you'll be able to pay to have the middle seat. seat next to you be empty. Introductory prices are set to start at 49 per person each way. And after the intro period, prices will be based on demand.

So here's my question. Yeah. At what point do you just like not fly a budget airline

Peter Dunn: ever? I don't know. It's not really my thing. I can't relate to that. Yeah. No, I that's interesting because when I fly I'm hat, hoodie, noise canceling headphones. I [00:59:00] don't even know what's going on around me, so I actually don't care if someone's sitting next to me.

Like, that, that, that's not a thing.

Kristen Ahlenius: You don't watch the flight attendants do their, like, safety thing? Is that a serious question? I do because I feel bad for them. They have to do it.

Peter Dunn: You are the kindest person in the world. I will say I flew Air Canada once into, leaving Canada or, and into Canada, and by Canadian law, at least at the time, you had to remove your headphones and listen to it.

Like and so they were like yelling at me and I'm not because I was trying to be disrespectful It's just because I wasn't used to it But no, I I'll tell you this like if I'm taking a red eye home from LA or something I get on the plane hoodie hat. I'm asleep by the time 80 percent of the people get on the plane Like I I yeah No I am oblivious other than the kid that threw up on me on the way home from Kansas City like three years ago Yeah, I am oblivious to everyone around me And it's with that, enjoy your [01:00:00] peeps, everyone.

Happy Easter. Kristen, good job on the news today. You and Dave make it look easy. When I do the news, I'm like, okay. Hey everyone, have a good Easter Sunday with your family. Listening on the radio. Those listening on the podcast Tuesday's fine too. So you good vibes, good vibes. There's all of this in the budget.

I'm Pete, the planner, the speed planner show.

Yeah. Do you want to hear the puke on story or not really want to? Yeah, it's not a great one. You know the bag I was telling you about before the show that was in my office? Thrown up all over that bag.

Kristen Ahlenius: But it was real

Peter Dunn: leather. Yeah, but I mean what, I don't know what vomit and leather do together. Do they equal No, it's just Am I, am I Spider Man now?

Like No. Nope.

Kristen Ahlenius: No, no, no, no, it's just, it can be cleaned

Peter Dunn: properly, yeah. You really listen to the flight attendants? No disrespect to flight attendants. I mean really, honestly, no disrespect, but like you listen to them.

Kristen Ahlenius: Yeah, I do. Because I I do. I'm maybe I'm too much of an [01:01:00] empath, but if I were having to stand up in front of people and give this safety brief that I know no one cares about, because when they're like, do you volunteer to help people in the event of an emergency?

If I'm in the exit row, I'm saying yes, but like every man for himself, what about women? Then too. Okay. And I'm like, I, I just if I were standing up there, I would, I feel like I would be

Peter Dunn: upset. I'm going to ask my flight attendant this weekend. I'm going to say no, I'm going to be like, Hey, Kristen Laney is from Kristen and co media darling.

She suggested on the radio that you feel disrespected if people don't look at you when you're speaking. I'm going to ask, and then we will talk about it here in a couple of weeks.

I very much respect flight attendants and pilots. Like when I get off a plane, I had this debate with my friend Sam a couple years ago. Get off a plane, I'm walking up, they're all standing there. Thank you, thank you, thank [01:02:00] you. Say thank you to them. And he's like, why are you thanking them for doing their job?

And I'm like, wait, you don't thank people for doing their job? He's like, they're doing their job. I'm like, you can still have gratitude,

Kristen Ahlenius: especially given the current news cycle. Yeah, you made

Peter Dunn: it anyway. No show next week. I know. Are you excited about

Kristen Ahlenius: that? Actually, I am using that time to do a podcast.

Peter Dunn: You're doing another podcast.

Kristen Ahlenius: Yeah. With Brooke.

Peter Dunn: Oh, Brooke.

Kristen Ahlenius: Correct. From back in the day? Correct. Brooke is still a listener of the show. She reached out to me yesterday and she asked if I would co host a session with her. And so, yeah, former coworker, brilliant, brilliant personal finance brain.

We've had a lot of those around here.

Peter Dunn: Yes, we have. Kristen. Good to see you. Miss Dame too, [01:03:00] but good to see you. I'll see you here in a couple of weeks, everyone else. Thanks for listening this first three months. We'll come back after the break with maybe stock market updates. We'll see what DJ teach stock is.

Actually, let's, let's look at a little bit, let's, let's dig into this a little bit. You should have picked

Kristen Ahlenius: that for your winner for the year.

Peter Dunn: I mean, here's the, I was thinking about this. I was like, well, when you pick it for it's as a winner or as a loser, what would you pick it as? Cause it. I mean, ultimately it will go to nothing.

Yeah, but it's not

Kristen Ahlenius: going to be in a year. Yeah. But the thing is though, Pete, you just said that and you have really, you tend to like really hit the nail on the head with stock picks, but sometimes get the time. Oh, I always get the timing wrong. I'm like, if you're like, it's not going to be in a year. Maybe I did pick it as a loser then.

Peter Dunn: Yeah. I can't even see like what. Analysts aren't even covering it. Like there, there's no way any analyst [01:04:00] is going to say, buy this. It's just impossible. Oh man. It's fascinating. Only 1 percent of the stock is institutionally owned. Now I don't know if that's a by product of it being new. How

Kristen Ahlenius: much, how much does he own?

Peter Dunn: Oh, I I think he like 50 percent ish and I, I don't want to miss report things, but I feel like the stock's worth eight to 9 billion or the company's worth eight to 9 billion and he's got three or 4 billion of that. Okay. That's it. No one cares what I think about that, but it'll be interesting to watch.

Kristen, good luck with your luxury purse and affording those animals of yours. Thank you. Everyone else stay getting money.