Transcript
A (0:00)
This is Scott Becker with the Becker Business, the Becker Private Equity podcast. These are five quick points for Saturday and I'll just go through five quick notes in points. First, I saw somebody post about how they lost $20 million in the market and it brought out a lot of hard, a lot of haters. And of course if you're going to post that you've lost $20 million, we also to realize that if you could do that and afford it, that's the, that's the most annoying sort of flex brag you could ever see. And so of course you're going to bring out haters. Not because you lost 20 million, not because people are happy to see you lose 20 million, but because you're bragging about how rich you are that you could lose 20 million. So of course you're going to bring out the haters. That's one second. Is this content that people talk about retiring? I saw another post today about how retiring at 67 with the life expectancy of 78, it's such a bad idea. I think the reality is from how I view it, my overall goal is to keep trying to strive in various different ways. It might not just be straight making money, but try to keep on strive until the day that I die and not to be sort of like retire and stop. I tried it some time ago to take a break from work, business, etc. Didn't go very well. I almost went insane. I mean more insane than I am now. This is actually a lot less saying that I was when I tried that. So I'm a big fan, plan to not retire ever but work until I die. Not, not work like non stop. See the family, take care of business, have hobbies, stuff like that. But I want to keep striving until I, until I die. So that's the concept on that. The third thing I'll talk about is we're watching this government shutdown and I posted about this separately. Some days I really want to have my own government shut down and just sort of like shut down for the day and not do anything for anybody. I'm looking forward to that day. That's going to be the shutdown that I'm looking at. My own personal government shutdown. I highly recommend it. My producer, Chanel, she spends a day this weekend doing nothing for nobody. She works so hard. She deserves her own government shutdown too. Fourth, there's this constant narrative online that people that are wealthy or make lots of money don't pay taxes. I think that this is just a political narrative and BS I know there are some people that are able to evade taxes. I don't know who they are. Most people I know that make good livings, that do well are paying lots of taxes. So this concept in narrative that if you're making a lot of money, you're not paying taxes, I think is largely made up bs. And I know there's examples of people that are able to find ways not to. Most of us do pay them. The first thing I'll talk about, it was a really positive end of the day today in the markets. After a really horrendous week in the markets. The markets bounced. Some today. Didn't see that coming. Early on in the day, they were down a percentage point. They were down worse. They're ending the day with the S and P just up about 0.13%, the Nasdaq down 0.21%, the Dow just up a little bit. But in the big scheme of things, a huge, huge win after what was a horrendous day in the markets. Those are five quick notes for Saturday. We hope you enjoy this as much as I enjoy recording it. I am so thankful to our producer Chanel Bunger, who's literally incredible. I want her to take her own government shut on shutdown date tomorrow or Sunday, whichever she wants, and just relax and enjoy it because she deserves it. We all need a day of government shutdown for ourselves. Thank you for listening to the Becker Business, the Becker private equity podcast. Thank you very much.