Should I Buy Into the Family Farm?

Summary

Podcast Summary: “Should I Buy Into the Family Farm?”

Podcast Information:

• Title: Jill on Money with Jill Schlesinger
• Host/Author: Audacy
• Description: Host Jill Schlesinger, CFP®, addresses challenging and controversial financial and investing topics in an accessible manner. Each week, Jill engages with listener queries and expert guests to deliver actionable financial insights.
• Episode: Should I Buy Into the Family Farm?
• Release Date: January 20, 2025

---

1. Opening Remarks: Responding to the LA Fires (02:36 - 07:29)

Jill Schlesinger opens the episode by addressing the recent devastating fires in Los Angeles, emphasizing the gravity of the situation over financial discussions. She prioritizes safety and the immediate needs of those affected by the disaster.

Key Points:

• Charitable Support: Jill encourages listeners to donate to reputable organizations aiding fire victims, mentioning trusted charities such as:

  • American Red Cross
  • Americares
  • California Fire Foundation
  • Los Angeles Fire Department Foundation
  • Habitat for Humanity’s Greater LA Rebuild Initiative

  Quote:

  “If you would like to help and you do not live in LA and you were not affected by this, then there are a lot of great charities.” [02:36]

• Disaster Recovery Advice: For those directly impacted, Jill provides practical steps for recovery, including managing insurance claims and accessing FEMA assistance.

  Quote:

  “When you're contacting your insurer and submitting your claim...you have to take pictures and videos. You want to make a list of damaged or lost items.” [05:00]

• Caution Against Scams: Jill warns about scams that often arise during natural disasters, urging listeners to seek help directly through official channels like FEMA.

  Quote:

  “Nobody needs to get you help through FEMA. Do it yourself. Those are scams that always are cropping up around natural disasters.” [06:19]

---

2. Listener Call-In: Should I Buy Into the Family Farm? (07:29 - 25:06)

Caller Introduction:

• Caller: Arthur from Alaska
• Situation: Active duty military, contemplating investing in his family’s farm business.

A. Arthur’s Financial Background (07:32 - 11:01)

Arthur provides a comprehensive overview of his financial status, showcasing a robust retirement portfolio:

• Age: 44

• Marital Status: Married with one child (3 years old)

• Military Status: Active duty, planning for retirement in 6-7 years with a pension estimated between $72,000 to $100,000 annually.

• Retirement Savings:

  • 401(k): $702,000
  • Brokerage Account: $220,000
  • Roth IRA: $185,000
  • Wife’s Retirement Accounts:
    • Roth IRA: $183,000
    • 401(k): ~$600,000
    • Traditional IRA: $15,000

  Quote:

  “I'm active duty military, and retirement won't be full retirement. There’ll be a little work probably here and there...” [07:46]

B. Details About the Family Farm (11:01 - 15:35)

Arthur explains the dynamics of the family farm and his intent to buy into it:

• Current Ownership: Owned by his father and two siblings (aunt and uncle).

• Farm Valuation: Approximately $2.1 to $2.4 million.

• Income Generation: The farm generates about $60,000 annually, translating to $20,000 per shareholder.

• Future Plans Without Investment: Potential sale of the farm if internal buyouts fail, aiming to keep it within the family.

  Quote:

  “Roughly total, they get about 60,000 a year. So each shareholder gets roughly 20.” [14:30]

C. Jill and Mark’s Analysis and Advice (15:35 - 24:29)

Jill Schlesinger and co-host Mark Tursi engage in a detailed discussion, evaluating Arthur’s proposal to invest in the family farm.

• Investment Evaluation:

  • Return on Investment: $20,000 annual income on a $800,000 stake (~2.5% return), which Jill considers suboptimal for such a significant investment.

    Quote:

    “That’s not a fabulous return on this massive investment. Yeah, it just isn’t.” [14:52]

• Appreciation vs. Liquidity:

  • Arthur cites potential land appreciation of 50-100% over 20-30 years as his primary motivation.

  • Jill counters that any long-term investment could appreciate, but emphasizes the lack of liquidity and diversification.

    Quote:

    “But so would any investment looking down 20 or 30 years... it's a lot more liquid.” [17:37]

• Diversification and Risk Management:

  • Jill underscores the importance of not over-concentrating investments in a single asset, recommending no more than 5-10% of total net worth in one investment.

    Quote:

    “I don't think you should have any more than, like, 5 or 10% of your... in one asset.” [23:42]

• Financial Position and Feasibility:

  • Arthur is in an excellent financial position with substantial retirement savings and a pension.

  • Jill advises against reallocating substantial funds from diversified accounts into a single real estate investment, especially one with modest returns.

  • They discuss the impracticality of securing a mortgage on the farm property, highlighting the challenges of multi-party sign-offs and additional financial strain.

    Quote:

    “Just don’t forget that you have a $400,000 position in the farm industry already.” [23:06]

D. Conclusion of the Call (24:29 - 25:06)

After thorough deliberation, Arthur expresses understanding and appreciation for Jill’s advice, acknowledging the potential risks of his proposed investment.

Final Exchange:

Jill Schlesinger: “What do I think about this? I don't think this is a good idea. If you're suggesting to me... I think that soaking up all this liquidity... I don't think this makes sense for you.” [16:35]
Arthur: “That does make sense. Yeah.” [25:04]

---

3. Closing Remarks and Additional Information (25:06 - End)

Jill wraps up the episode by encouraging listeners to engage with her team for personalized financial guidance and promotes her additional services:

• Contact Information: Listeners can reach out via jillonmoney.com for live interactions and personalized advice.

• Newsletter and Subscription: Jill offers a free weekly newsletter and a subscription service (“Call Jill on Money Live”) for enhanced content and resources.

  Quote:

  “Try to put your hands, metaphorically, on someone's back. Change your work, change your wealth, change your life.” [25:54]

---

Notable Quotes with Timestamps:

• On Disaster Assistance:

  “Nobody needs to get you help through FEMA. Do it yourself. Those are scams that always are cropping up around natural disasters.” [06:22]

• On Investment Diversification:

  “I don't think you should have any more than, like, 5 or 10% of your... in one asset.” [23:42]

• On Family Farm Investment Risks:

  “That’s not a fabulous return on this massive investment. Yeah, it just isn’t.” [14:52]

• On Financial Prudence:

  “I have to make sure that especially if you're a victim, nobody needs...” [06:48]

---

Key Takeaways:

1. Diversification is Crucial: Investing a large portion of one’s net worth into a single asset, such as a family farm, can pose significant risks and limit financial flexibility.

2. Evaluate ROI and Liquidity: Assess both the potential returns and the liquidity of investments. Real estate, while potentially appreciating, may offer lower immediate returns and lack liquidity compared to diversified investment portfolios.

3. Leverage Expert Advice: Engaging with financial advisors like Jill Schlesinger can provide clarity and prevent high-net-worth individuals from making suboptimal investment decisions.

4. Support During Disasters: In times of crisis, prioritize reputable charitable giving and be vigilant against potential scams.

---

This episode serves as a comprehensive guide for listeners contemplating significant family-related investments, emphasizing the importance of diversification, prudent financial management, and informed decision-making.

Transcript

[Jill Schlesinger]

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[Jill Schlesinger]

Welcome to the Jill On Money Show. It's Monday, January 20th. It's Inauguration Day. It's Martin Luther King Day, so no markets are open because of MLK Day. And I just want to open the show by saying something about the LA fires and we haven't talked about it because I just felt like we were in such a horrible moment where the critical fire emergency was a lot bigger than the financial emergency, like safety first. And now as we come into a new phase, we are in the rebuilding phase. And so a couple of things just to be clear that number one, if you would like to help and you do not live in LA and you were not affected by this, then there are a lot of great charities. And I've been doing a little bit of digging. I know that there are so many times where we talk about charitable scams and all this. So let me make it easy for you. There are a number of really great charities that are doing great work. American Red Cross is one. Americares, These are the big national organizations that are focused on the LA fire victims. There's also the California Fire foundation, which is one that I've just run across. I didn't know anything about these next couple, the Los Angeles Fire Department foundation. And I also noted that noticed that Habitat for Humanity has set up a Greater LA Rebuild initiative. So there are some choices for you. If you've got a donor advised fund, these will all be in your donor advised fund. And American Red Cross, Americares, the California Fire foundation, the LA Fire Department foundation, the Habitat for Humanity Greater LA Rebuild Initiative. And if you are on the ground or you've got family there and you're beginning this process, just oh gosh, take your time. You know, when we go through any natural disaster, we know that there is this just awful moment of just dealing with insurance, right? And so you got to figure out where your insurance policy is. You got to take pictures and videos. You want to make a list of damaged or lost items. I mean, if it's your house, you.

[Mark Tursi]

Know what it is, your whole house.

[Jill Schlesinger]

And everything in it. When you're contacting your insurer and submitting your claim, whether that is through the California State Insurance Plan, the Fair Plan or your private insurer, just know that you're going to need your policy number and zip code. And if your car is damaged, you need your auto policy. And you know, listen, this is just going to take an awful long time. And if in the interim you need help, FEMA is there. Disasterassistance.gov and FEMA actually also has transitional sheltering assistance. Clearly, if you know what is in your house, great. If you don't, you're going to just have to kind of remember and guess ish. You know, a lot of these homes are just gone. Some of them are partially gone, some are just maybe near properties that have been set ablaze. And whatever you're doing if you still have a house before you sign on the dotted line with insurance companies, remember, you just, you gotta, you can negotiate with them. All settlement offers can be negotiated. And the IRS did actually extend tax filing for anyone in a disaster area. So you're going to have until October 15th. And that means for filing your taxes and also making contributions to your IRAs and your health savings accounts, if you're.

[Mark Tursi]

Impacted by a federally declared major disaster.

[Jill Schlesinger]

You have access to retirement savings that's through the Secure Act 2.0. And you can withdraw up to 22 grand from an IRA or other eligible retirement plan. You're exempted from a 10% early distribution tax if you're under age 59 and a half and the IRS allows you to repay this amount within three years of distribution. Just be careful. I really want to make sure that especially if you're a victim, nobody needs.

[Mark Tursi]

To get you help through fema. Do it yourself.

[Jill Schlesinger]

Those are scams that always are cropping up around natural disasters. So it's just awful.

[Mark Tursi]

It's awful.

[Jill Schlesinger]

And these people are going to need a lot of our help. So again, please consider donating if you, you are among the lucky listeners of this program and so many of you come on the program and say that please open your hearts and more importantly, open your wallets. Okay? All right, so let's start the show. We are going to do a regular show. If anyone is impacted by these, any natural disaster, of course, you can give us a holler. Go to jill on money.com and click the contact Us button. We'll help you dig out together.

[Mark Tursi]

Okay, let's go talk to Arthur, who's.

[Jill Schlesinger]

On the line from Alaska. Arthur, I will tell you, you're not our first person from Alaska, but we have gotten a smattering, not a ton. So welcome and I hope you represent your state well. Thanks for joining us.

[Arthur]

Well, good morning.

[Jill Schlesinger]

What's going on?

[Arthur]

Well, I had a question. My wife and I have been saving pretty diligently for a couple decades now, and retirement's on the horizon. Maybe six, seven years from now, I'm active duty military, and retirement won't be, you know, full retirement. There'll be a little work probably here and there, but I wanted to make a little change in my savings and make a purchase. So we have a family farm that is currently owned by my dad and his siblings. And one sibling wants to move out of that. And I wanted to take some of the money that I have in our Roth savings. My understanding is you can take some of the Principal and move that over to, you know, our family farm and then yeah, just kind of what your thoughts about that would be, if that's okay.

[Jill Schlesinger]

So let's do a few bits of data collection. Arthur, how old are you?

[Arthur]

44.

[Jill Schlesinger]

Okay. And you're married, you said?

[Arthur]

Correct.

[Jill Schlesinger]

And you have any kids?

[Arthur]

One child.

[Jill Schlesinger]

How old is the kid?

[Arthur]

Three years old.

[Jill Schlesinger]

How old's your wife?

[Arthur]

43.

[Jill Schlesinger]

Okay. And is your wife also in the military?

[Arthur]

No.

[Jill Schlesinger]

Working or not working?

[Arthur]

Some part time work that she can do from home.

[Jill Schlesinger]

Okay.

[Arthur]

Yep. She's. She'll probably go back to work once our son. More full time work once our son goes to school.

[Jill Schlesinger]

Okay. And you have a three year old. Is that, is it one and done? Are you on the Mark Tularsio plan or there are going to be more kids, do you think?

[Arthur]

One and done.

[Jill Schlesinger]

Okay. So in the military, how much do you earn right now?

[Arthur]

Take home is about 195.

[Jill Schlesinger]

Wow, that's a lot. You must be a high ranking superstar.

[Arthur]

I don't know about superstar, but yes. Yeah, I'm up there.

[Mark Tursi]

Great.

[Arthur]

That's correct.

[Jill Schlesinger]

Okay, you're up there in rank. You're so young. In seven years you'll have a military pension benefit. What would that be? So if you're 50 years old, what does that benefit look like?

[Arthur]

Yeah, I was playing with those numbers anywhere from on the bottom, you know, 72,000 a year to 100,000 a year. So somewhere in there.

[Jill Schlesinger]

Great. Okay. And tell us about, in addition to that pension, what other retirement savings you've done for me.

[Arthur]

401K of 702,000.

[Jill Schlesinger]

Wow. Okay.

[Arthur]

Brokerage, about 220.

[Jill Schlesinger]

Okay.

[Arthur]

My Roth, I have 185,000.

[Jill Schlesinger]

Okay.

[Arthur]

My wife's is 183.

[Jill Schlesinger]

Okay.

[Arthur]

My wife, her, she was a, when she was employed, she would max out and so her 401k is just under 600,000. So 5.

[Jill Schlesinger]

Oh my God, this is huge. These are just massive numbers. You're so young. It's just shocking and I mean it's delightful to hear it, but my gosh, this is amazing.

[Arthur]

And then the IRA that she has with her kind of part time work is at about 15,000.

[Jill Schlesinger]

And that's a Roth or a traditional.

[Arthur]

That's traditional.

[Jill Schlesinger]

Okay, 15,000. Okay. All right, let me just make sure I got everything. So the pension in seven years at age 50ish. Somewhere between 72,000 and 100,000. Your 401, 702, that 401, you use a 401. Not the thrift savings plan.

[Arthur]

I'm Sorry, I'm in Thrift savings.

[Jill Schlesinger]

Okay.

[Mark Tursi]

All right.

[Jill Schlesinger]

Just making sure. I knew that. Okay, so. And that's all traditional, right, not a Roth.

[Arthur]

That's all traditional so far, yep.

[Jill Schlesinger]

Okay. TSP702 brokerage 220. You have a Roth with 185. Your wife has a Roth with 183. Your wife has an old 401K with 600 and a traditional IRA at 15,000. So that's the investment side, right?

[Arthur]

Correct.

[Jill Schlesinger]

Okay, next. How about safe, boring, money in the bank kind of money?

[Arthur]

Yeah, we could do better there, probably. We have roughly 30,000 in bonds in money market.

[Jill Schlesinger]

Okay, where do you live? Right now, forgetting about the farm for one second, where do you live? Are you living in a home that you own or are you renting?

[Arthur]

Home that we own.

[Jill Schlesinger]

And how much is the home worth?

[Arthur]

300,000.

[Jill Schlesinger]

And is there a mortgage that's outstanding? No, no mortgage. Okay. And any other property besides that primary?

[Arthur]

No.

[Jill Schlesinger]

Okay. And when you look at your spending right now, what do you think you need in terms of just your living expenses don't include saving for retirement, but what does it cost for you guys to live your lives?

[Arthur]

About 9,000, if that. And I was working on that this morning. About 9,000. That includes, you know, a few trips here.

[Jill Schlesinger]

Okay. And would your three year old. Is that. Will that kid get the GI Bill education benefit, or do you have money saved for him or her?

[Arthur]

No, you're correct. He'll get the GI Benefit.

[Jill Schlesinger]

Okay, so that's good. And there's no plans for you to move out of your $300,000 paid for home, right?

[Arthur]

Not in the near future. You know, but, you know, eventually I can see that happening.

[Jill Schlesinger]

Okay, now let's talk about the family farm. Is. Is there a farm in Alaska or are we talking about some other place? I bet it's in a different state.

[Arthur]

Yeah.

[Jill Schlesinger]

Okay, I got you. So right now this farm is owned by your father and how many others? Who are the other sib. How many people are owners of this?

[Arthur]

Three total. My dad, my aunt, my uncle.

[Jill Schlesinger]

And one of them wants to get bought out, basically.

[Arthur]

Correct.

[Jill Schlesinger]

What's the value of the family farm?

[Arthur]

That's a tricky one, but we've figured it out. Roughly 2.1 to 2.4 million.

[Jill Schlesinger]

Oh, sorry. That was not what I wanted to hear. Okay. Can you make it lower? No, I'm just kidding. So what happens right now if you don't buy out your aunt or uncle?

[Arthur]

Yeah, it's kind of a tricky question. They would potentially just have my dad and the aunt. My aunt, you know, maybe try to buy his share, or if it didn't work out, they would just put the whole thing on the market for. For someone else to try to buy. They want to try to keep it in the family, but you know how those things are sometimes, you know, negotiating that doesn't work out.

[Jill Schlesinger]

Is the farm creating any income right now?

[Arthur]

Yeah, it does. So roughly total, they get about 60,000 a year. So each shareholder gets roughly 20.

[Jill Schlesinger]

Okay, so it's 20 grand a year on an. Well, I'm just sort of. I'm spitballing this. So if it's 2.4 million. Right. Then each share is worth 800 grand, which is spinning off 20 grand a year in income.

[Mark Tursi]

Right.

[Arthur]

You've got it. Yep.

[Jill Schlesinger]

Okay. Now that's not a fabulous return on this massive investment. Yeah, it just isn't. So can you try to describe to me what's the downside of selling this out? I mean, you're not going to take this farm over. Do you have cousins who are working on it, like, what's happening?

[Arthur]

Yeah, we have the neighbors that were, you know, family friends for, you know, 60 years now. They. They work it and they. They're generational, so every, you know, the older son is working it and as well as his kids. And so they just continue to work the farm and pay us the rent, and that's the plan moving forward. And they don't want to buy it. So they like the agreement as it is now.

[Jill Schlesinger]

Yeah, I'm sure they do. Sounds like a good plan for them. What do your parents think about this? Like, would they be. How do they feel about. In other words, I want to understand whether we have a shot at convincing everyone to sell or not.

[Arthur]

Yeah, my parents, they want to keep it as is, and then the ultimate goal is that, you know, when they do pass, it's inherited by myself, their share, and another sibling of mine.

[Jill Schlesinger]

Okay, and are they living there right now? Are they living nearby?

[Arthur]

Oh, no, they live in a different part of the state. Yeah, this is just land that they own from. From when they inherited it.

[Jill Schlesinger]

Are okay. And do they have means?

[Arthur]

My parents?

[Jill Schlesinger]

Yeah.

[Arthur]

Oh, yeah. No, they're doing very well. This is just land they've kept.

[Jill Schlesinger]

Then why are you buying this?

[Arthur]

Just as an investment?

[Jill Schlesinger]

Forget it. I'm out on this. I'll tell you why. This is a serious amount of money.

[Arthur]

Yeah.

[Jill Schlesinger]

Like when you said a family farm, I was not thinking this is a $2.234 million asset. I mean, you're including Incredible financial shape. You don't spend a ton of money. You're going to have a nice big fat pension when you're 50 years old. I'm sure you'll do something else. Your wife will be doing something. You're in really good shape. But if you are suggesting to me that what you're going to do is take your Roth assets and maybe some of your brokerage firm and then get a mortgage to. Excuse me, then pay out this $800,000, I think it's a terrible idea.

[Arthur]

I guess the reason I was looking at it this way is not so much for the rent income per year, but the appreciation of the land, which when I've looked into that, it's actually exceptional. So thinking 20 years, 30 years down the road, it's very possible this could increase by 50 to 100% in value.

[Jill Schlesinger]

Yeah, but so would any investment looking down 20 or 30 years down the road and one that's a lot more liquid.

[Arthur]

That's true.

[Jill Schlesinger]

Yeah, Right. If you're saying, what do I think about this? I don't think this is a good idea. If you're saying we're gonna do it, how should I do it? That's a different question. So let me ask you this. Is this something that you absolutely are.

[Mark Tursi]

Hell bent on doing no matter what?

[Arthur]

No. No.

[Jill Schlesinger]

Okay. I don't think this is a good idea. I really don't. And I'll tell you the biggest reason why. You're in an incredible position right now, okay? And there is a $2.4 million asset right now. You have just one sibling, correct? All right, so just to be clear, right now, theoretically, you have a $400,000 position in this family farm, right? That's your. You're going to participate if this thing's, if this thing shoots up by 50 or 100%, you already have a chunk of your net worth in here. If your parents feel like it's really important for them to help out, you.

[Mark Tursi]

Know, your dad has a sibling who.

[Jill Schlesinger]

Really is like, I need this money. That's a different question. And that's a question your father has to really think about relative to his financial well being and his health for you. I don't think this makes any sense at all. I think that when you're buying things on behalf of your own parents, it's.

[Mark Tursi]

Usually should be because, like, hey, my.

[Jill Schlesinger]

Parent can't afford, afford this. You're telling me that your parents are in good shape that you already have. You have a de facto position in this, in, in this piece of real estate, you have a position, you will have appreciation. And if we looked at your entire net worth, having a $400,000 position in one specific asset is like a big chunk for you. You already have it. So I don't think this is a great idea. And also I think if you soak up all this liquidity, because I don't know if you were thinking about doing, I certainly don't think you're going to probably be able to do it with any sort of loan that's going to be reasonable for you because you're not going to get, you're not going to be able to get a mortgage on the farm property right at this point because it would have to be a sign off on everybody. So you'd have to get a, you'd have to either blow out the two Roth accounts, the brokerage account, and then come up with some money.

[Mark Tursi]

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[Jill Schlesinger]

I don't know, borrow it, maybe against your house or something, but, you know, interest rates are high, so I don't think that makes a lot of sense. And I hate the idea of you not having a ton of options when you're 50 years old. Does that mean. Am I. Do I feel bad? I feel slightly bad, but not really. I'm representing you, man. Arthur, you're my client. Right now. I don't have clients. But, like, I'm worried more about you. And if again, if you said to me, it's an emergency, I have to make this transaction because nobody is in good financial shape. Okay? That's one thing. That's not what you're telling me, and I don't think this makes sense for you.

[Arthur]

Okay. All right.

[Mark Tursi]

Are you bummed?

[Arthur]

No. Just a little surprised, I guess, on that, but, no, I'm not bummed. I'm just kind of thinking that over.

[Mark Tursi]

Think it over.

[Jill Schlesinger]

What else can we do for you?

[Arthur]

You know, I think that's. I think that's everything.

[Jill Schlesinger]

All right, well, listen, you are in great shape. I just don't want to see you have anything that, like, derails that incredible shape. Incredible shape.

[Arthur]

As things stand right now. I mean, you guys are so young. You have more than $2 million saved. You're gonna have a huge pension.

[Jill Schlesinger]

Yeah, yeah. And you got a $400,000 bet on the farm industry already. Just don't forget that. I think sometimes it's like saying to me, like, someone who works at a big company, right? Like, oh, I work at a big tech company. It's doing great.

[Mark Tursi]

And you've heard me say this, I.

[Jill Schlesinger]

Think on the air, if you've listened to the show, you've heard me say, I don't think you should have any more than, like, 5 or 10% of your. Of your total invested net worth in one asset.

[Mark Tursi]

Right?

[Jill Schlesinger]

And, you know, if we were to look at this asset, it would be, you know, it's a chunk of money. It's more than 10%. I'm okay with it because, you know, everything else is so good, and you have the pension. I really don't think that it makes a ton of sense for you to plow through all this stuff that you have for the ability to put down even more money on a bet that already exists.

[Arthur]

That.

[Jill Schlesinger]

Does that make sense?

[Arthur]

That does make sense. Yeah.

[Jill Schlesinger]

Okay. Gosh, I got nervous. I thought I was gonna make someone mad who is not only active duty military, but also in Anchorage. And I don't know, like, you probably wrestle bears for fun and, you know, this pain in the ass here in New York, you know, you may not like what you hear. So I hope that this is not too discouraging and it makes sense. And if you talk it over with your fol and you want to maybe have some guidance on whether they should do it, and you want to, like, get your parents information and then talk about whether they should be buying out the sibling, then that's a different matter.

[Mark Tursi]

Get back in touch with us if that's the case.

[Jill Schlesinger]

Okay.

[Arthur]

That really makes a lot of sense. I do appreciate it, Jill.

[Jill Schlesinger]

We are very grateful that you joined us. So if you are like Arthur and there is a family issue that is bubbling up, and it's a financial one, we want to hear from you. This happens all the time. It happens sometimes under duress, but this is a good time to do it. When it's not a, you know, an emergency situation, just go to our website, jillonmoney.com, click the contact us button, write us a note, and let us know if you'd like to come on the air live with us. Don't forget to sign up for the free weekly newsletter, which comes out every Friday. And you can check out our subscription service. It's Call Jill on Money Live.

[Mark Tursi]

For $45, you will have access to.

[Jill Schlesinger]

Quarterly live webinars, bonus content, and the entire back catalog. So check that out.

[Mark Tursi]

You can subscribe to us on the.

[Jill Schlesinger]

Odyssey app or wherever you find your favorite podcasts. Try to put your hands, metaphorically, on someone's back. Change your work, change your wealth, change your life.

[Mark Tursi]

Thank you for listening, and we'll talk to you tomorrow.