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- [00:00]
Commercial Announcer
This is an iHeart podcast guaranteed human
- [00:05]
TSA/Travel PSA Announcer
Taco Bell is rolling out the new Chicken Bacon Ranch Street Chalupas. And here's the thing, you literally can't just get one. They come in twos. And thank goodness they do because these toasted Cheddar Street Chalupas filled with slow roasted chicken, crispy bacon and Avocado ranch are stacked with bold flavor that keeps you going. Back for more Chicken Bacon Ranch Street Chalupas only at Taco Bell. Get yours today at participating US Taco Bell location for a limited time only
- [00:33]
Podcast Promoter/Host
while supplies last busted Appliance this is your sign to upgrade shop at Lowe's to get up to 35% off and next day delivery on hundreds of major appliances. Lowes we help you Save valid through 318 while supplies last selection varies by location. Order by 4pm available Monday through Saturday subject to availability, fees, exclusions and restrictions apply. See Lowes.com appliancedelivery for more details.
- [00:59]
Jeremy Odom
Visit your nearby Lowes on Colorado street in Kennewick.
- [01:05]
Sponsor Representative (Public Investing)
Support for the show comes from Public, the investing platform for those who take it seriously. On Public, you can build a multi asset portfolio of stocks, bonds, options, crypto and now generated assets which allow you to turn any idea into an investable index with AI. It all starts with your prompt. From renewable energy companies with high free cash flow to semiconductor suppliers growing revenue over 20% year over year, you can literally type any prompt and put the AI to work. It screens thousands of stocks, builds a one of a kind index and lets you back test it against the S&P 500. Then you can invest in a few clicks. Generated assets are like ETFs with infinite possibilities, completely customizable and based on your thesis, not someone else's. Go to public.com podcast and earn an uncapped 1% bonus when you transfer your portfolio. That's public.com podcast paid for by Public Investing Brokerage Services by Open to the Public Investing Inc. Member FINRA and SIPC Advisory Services by Public Advisors llc. SEC Registered Advisor Generated Assets is an interactive analysis tool. Output is for informational purposes only and is not an investment recommendation or advice. Complete Disclosures available at public.comdisclosures
- [02:06]
Friend Toast Speaker
Gentlemen, I propose a toast to our good friend Dave. You inspired this epic guy's weekend. I'm sorry you're missing it. Everyone knows that when you fly you need to bring a real ID or a passport.
- [02:19]
Sponsor Representative (Public Investing)
Everyone but Dave.
- [02:20]
Friend Toast Speaker
So here's to finally figuring out how to get on an airplane. Dave, we'll see you tomorrow and I'm Glad you could rebook your flight.
- [02:27]
Podcast Promoter/Host
He would have loved this restaurant.
- [02:28]
TSA/Travel PSA Announcer
Does your ID fly? Find out if you have an acceptable form of ID at tsa.gov/real ID.
- [02:50]
Jeremy Odom
Welcome back. It's a brand new episode. This is Laugh With Me, a podcast with Jeremy Odom, and I'm your host. Hey, it's Jo. That felt very. Authority. Authoritative. Authoritative. It felt very strong, like I was coming at you with, I'm your host. Yeah, generally I, I like, I, I'll yell it. I, I fall back in my chair a bit. But not this time. I, I felt like I hung a little, a little too strong there in the mic. So, I mean, if you felt, if you felt that this intro was a came at you a little bit strong, I was yelling at you in particular. I mean, maybe, maybe I was. If you feel that I was in particular yelling at you, then there's probably some truth to it. But if you felt like I was a little strong, yeah, that's it. I felt the same way, man. I definitely felt the same way. Johnny, we got to work on that little better intro next time. Maybe a little, a little more chill. We'll get there. That's for sure. We had a fun one today. This one's full of facts. Johnny has outdone himself this week as we bring you another brand new episode of Laugh With Me that you can find anywhere. Anywhere that you download your favorite podcast. Where would I like you to, you know, download the episode? I mean, go ahead and find it at the iHeartRadio app. It's free. It's free. Look up Laugh With Me. And how cool would that be to go ahead and hit the, follow the, subscribe the always download new episodes, hit notifications for when a new one comes out. Why not, right? Get that iHeart app going and it's free. Why not? What do you got to lose? What do you got to lose, Johnny? Absolutely nothing other than a little bit of space on your smartphone or laptop, wherever you listen. Turns out a lot of people listen on their laptops. Maybe at work, I guess that would be my thinking. But, you know, a lot of people, I guess they, they roll. They do a lot of their entertainment on their laptops, maybe in their apartments, their homes. I guess I just roll at. Just about everything goes through my smartphone, you know. But yeah, man, a lot of people, a lot of people download and listen on the old laptop, but that's not what we're here to talk about today. Today we're talking about the financials. Today we are talking about Pennies Why are we talking about pennies? Well, you know, the treasury here in the United States has decided that the pennies are out. And I was actually, and we'll get to this later on in the week, but I was hanging out with the boys this last weekend, you know, our regular on the show, Eric Larson, I was asking him about pennies. I'm like, why, why did the United States just get out of the penny business? I mean, I, I'm impacted by this because of my day job. But why, there's got to be reasons. Why, why did we just, at the drop of a dime, decide pennies are out, we're moving on? And he was saying that there was other countries, they've been doing this for a while now. And basically the cost of the penny to make them has now outweighed the, you know, what it's worth. And then that makes a lot of sense. That's a good business practice. Then let's get rid of the penny. So we did smart guy Eric Larson. But it really got me thinking that it wasn't so much that the impact of, you know, now the, the change of rounding at work because it really, you know, at retail stores, it's really a thing where now we're having a round, round up, round down. I mean, how do you, how, how do you want to go about it? It's going to take a little bit to get to clean. Just a clean math on that because right now there's still enough pennies out in circulation that we're making it work. But no, I, I was been thinking about the penny because that's the most common, I would think, is the most common coin used to buy wishes. And you might be thinking, jail. What are you talking about, buying wishes? You know, you go to the wishing wells and you toss in a coin and you make your wish. And one would assume that the penny is the most frequently used item tossed into the wishing well. And I, I say this because pennies are the cheapest. You know, $0.01. Also generally the, the one you want to get rid of the most out of your pocket, if you got a bunch of them. But the thing is, if, if the penny, $0.01 is the low end, if you were to throw in a quarter, two quarters into the wishing well, I would, this is me, just me talking. I would expect a better bang for my buck on my wish. That's all I'm saying. If I throw in more than a penny, I would think I would have a better shot at getting this wish to come true. That's just the way I've always thought. I'm like, well, if I chuck in a quarter, well, then I better have 25 times the possibility of getting my wish granted. Because if the rate of getting your wish granted is the same with the quarter and the penny, I mean, yeah, then everybody should be throwing in pennies, but that's the thing. They don't. And that's why I believe that there is. That there is a better shot or a higher rate of getting your wish granted if you throw in more. Now with the penny essentially being eliminated, everybody's going to be throwing in more into the wishing wells. I do not see people not throwing coins in the wishing well still, like, at this point, just because the penny's gone. No, I see people getting just a little more aggressive on their wishes is kind of the angle I'm taking on this one. But it did get Johnny and I thinking, what do we even know about these wishing wells? What do we know about these fountains? And is there some truth to. To my thought process here? I mean, what. What if I throw in a couple bucks? I mean, I'm not gonna throw in the paper because obviously the water is gonna ruin it. But what if I throw in 4, 8, 12 quarters into the wishing well? I. I would assume I'm gonna have a better shot at that wish, but not everybody sees it that way. So Johnny put together some stuff here for us today. Johnny put together some strong facts so that we can really take a look at the wishing wells and to see if maybe there's some truth, you know, to. To what. To what I've been saying. I don't know. I don't know if I've ever asked for a wish or purchased a wish and had it necessarily come true, or at least had it come true within a reasonable amount of time that I could tie it together to that. Now I've wished for things and. And hoped things would happen and, you know, ensure they have over time, possibly, but never have I tossed in a penny into the fountain, wished, and then an hour later, it's come true. Would be interesting, though, to know if that is something that has happened to some folks, because I would imagine it has to have. This is the thing. This. This throwing coins in wells and fountains has been a thing going on for centuries now. But the game's changed. Pennies are out. Here we are. We're nickel and I. We're nickel and diming them now, baby. But I just might be going all quarter. Let's see what's good.
- [11:49]
Podcast Promoter/Host
Y' all this is the Jenkins and Jones Podcast. If you talk with your homies and homies is gender neutral about everything from the blog era of rap to the latest in American politics to which animal is more athletic, a rat or a squirrel? It's a squirrel, man. I have some false information, but we ain't got to get into that. Go ahead then. Our podcast is for you. Tap in with Jenkins and Jones podcast. We drop three episodes a week and they're available on the iHeartRadio app, Apple podcast, or wherever you get your podcasts.
- [12:19]
Friend Toast Speaker
Gentlemen, I propose a toast to our good friend Dave. You inspired this epic guy's weekend. I'm sorry you're missing it. Everyone knows that when you fly you need to bring a real ID or a passport.
- [12:32]
Sponsor Representative (Public Investing)
Everyone but Dave.
- [12:33]
Friend Toast Speaker
So here's to finally figuring out how to get on an airplane. Dave, we'll see you tomorrow. And I'm glad you could rebook your flight.
- [12:40]
Podcast Promoter/Host
He would have loved this restaurant.
- [12:41]
TSA/Travel PSA Announcer
Does your ID fly? Find out if you have an acceptable form of id@tsa.gov RealID support for the
- [12:49]
Sponsor Representative (Public Investing)
show comes from Public, the investing platform for those who take it seriously. On Public, you can build a multi asset portfolio of stocks, bonds, options, crypto and now generated assets which allow you to turn any idea into an investable index with AI. It all starts with your prompt. From renewable energy companies with high free cash flow to semiconductor suppliers growing revenue over 20% year over year, you can literally type any prompt and put the AI to work. It screens thousands of stocks, builds a one of a kind index and lets you back test it against the S&P 500. Then you can invest in a few clicks. Generated assets are like ETFs with infinite possibilities, completely customizable and based on your thesis, not somewhat else's. Go to public.com podcast and earn an uncapped 1% bonus when you transfer your portfolio. That's public.com podcast paid for by Public Investing Brokerage Services by Open to the Public Investing Inc. Member FINRA and SIPC Advisory Services by Public Advisors llc. SEC Registered Advisor Generated Assets is an interactive analysis tool. Output is for informational purposes only and is not an investment recommendation or advice. Complete Disclosures available at public.comdisclosures Pro drivers
- [13:50]
Lenovo Pro Advertiser
live for race day, but for small business owners, every day is race day. That's why going Pro with Lenovo Pro matters one on one advice, IT solutions and customized hardware powered by Intel Core Ultra processors keep your business on the right track. Business goes pro with Lenovo Pro. Sign up for free@lenovo.com Pro.
- [14:19]
Bethany Frankel
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- [15:03]
Jeremy Odom
You would probably be surprised or maybe you're not because you put together a lot of this data. For me it's just being true. Thank you. For you just. You like, you like it when I give you credit, don't you Johnny? Yeah, I thought. Yeah, yeah. Credit to you, Johnny. Well, I was surprised to know that throwing money into fountains and wells was actually pretty big business. Like you walk by a fountain or well, you see all the coins and you think, oh, there's probably a couple hundred dollars in there. But then you think of all the places around the world that people are throwing coins into. This is really a major investment for some charities and businesses. Millions of dollars per year is tossed into the water with the hopes of getting the wish that they seek. Like in particular, there's one in Rome, the Trevi fountain. I guess this is like the most famous of all the fountains. Who knows how many wishes are being granted out of this freaking fountain. But $1.6 million annually just in coins is tossed into this fountain. But a lot of smaller ones can get anywhere from a hundred to five thousand dollars per year depending on, you know, the kind of traffic that runs through. But they'll go through, they'll fish them out. They'll either use it for charities or, you know, a lot of times it's, it's just another wave of income, people throwing them in. Hopefully they're treating it right. A lot of wishes, lot of wishes that need granted from this. But the breakdown goes like this and I, and it's exactly how what I thought. It's predominantly pennies, which is my point in all of this, 40 to 60% of the coins that are thrown into a fountain or a well is a penny. Then it goes nickels, dimes, quarters, which makes a lot of sense because the higher it goes, the less likely somebody is to throw it in. Now my breakdown on this is we're going to start to See more quarters. I think people are going to start looking for more bang for their buck in regards to their wish now that the penny's out of, out of it altogether. And a lot of people aren't carrying around a whole bunch of nickels or heavier than a dime. They're bigger. I just foresee us throwing in more quarters, thinking, you know what, I'll toss in a quarter or two and I'm gonna better my odds here. But people will find foreign coins in there too. About 5 to 10% of the coins thrown in are foreign. But the average here, this is the, this is interesting because pennies, of course, that's number one. But the average value per toss, anywhere between 18 cents and 30 cents. So some people are just grabbing the change in their pocket and chucking it, which I didn't see that coming. I thought people would be a little more smarter with their wish, a little more strategic with it. You know, I just, in the past when I have tossed in some money into this bad boy, it has been the penny. I've never considered just grabbing a handful of change out of my pocket and chucking it. But here we are now, the chances of your wish actually happening, and this is, this is, this is completely true. It kind of falls anywhere between 5 and 20%. And statistically it's around the same as luck. Okay, so basically you are paying for some luck is what you're doing with the wishing well. Now there's zero return on investment on this because a lot of people will throw a coin in or, and whatnot and ask for like a million dollars. Like that's what the average guy is. In fact, the odds are 50 to 1 that when a male throws anything into the fountain and I say anything because we're going to get into it, there's some, there's some things going in these fountains. 50 to one shot that a male is wishing for a million dollars. So they're looking to turn a penny into a million dollar payday. Well, that's, that's just not very likely. But it is pretty likely. That's what they're asking for.27 cent average coin value thrown into a wishing well. That's. Honestly, that is way higher. Like, that's, that's the one that's blowing my mind right now. Millions of dollars. One fountain alone, 1.6. I mean, I wonder. So like golf, golf courses, you know, there's people that'll hop into the pond and fish out all the golf balls that go into the bottom. And I mean, certainly the golf courses Will, you know, use those for range balls. But like, just think, do you think there's also a whole bunch of change in there? Are people using like little golf ponds as wishing wells, little wishing fountain, or does it have to be a hundred percent like made for it in order for your wish to have a shot at it? I don't know. I don't know Johnny, you didn't give me on that. I, I'm curious to know if, if golf courses, because they're, they're pretty wide open. I mean this could be a big business for people to just start, you know, start swimming, get some, get some money. I, I could. You know those people, they say like it's not just, you know, you, you don't have the homeless people standing at the end of intersections or whatever with the sign and you know, they're down hard times or whatever and they're asking for money and they say a lot of those people actually aren't homeless and this is just like their business. Like they go out there and ask for money and they'll rake in thousand dollars in a day or a weekend or something like that. Maybe this is it. Maybe this is a full on business practice for some people. They're just hopping in wells, hopping in fountains, getting pockets full of coins. I don't know. There's plenty of money out there, that's for sure. And other things, there's, here's some things that they say they found in fountains and wishing wells or something, you know, very similar. Obviously you're going to find coins. Thousands of coins from different eras and countries are found. And that's the thing, there's probably a lot of rare and collectible coins that are tossed in there unknowingly. And then when they fish them out, then they can redeem those for whatever it's worth and come out even farther ahead. I wonder if somebody not knowing throws in a very valuable coin and then wishes for something like maybe an A on a test and then an A on a test. Do you think that's something that people. Johnny, I never would have wished for an A on a test. No, I asked for like a million dollars or something. But like, you know, let's say they did. Let's say they had a very valuable coin, they threw it in, they asked for an A on the test, but their wish is actually valued much higher than the 25 cents that they, they think they threw in. Do they get the value in which they thought they were throwing it in or do they get the true up value of the coin for their wish, and they'll end up getting, like, an A on the class, you know, altogether, instead of just the test. I don't know. I'm spitballing here, but people throw in all kinds of stuff. They'll, They'll. They'll actually throw in. I joked about paper bills, you know, getting ruined in there, but people will put them in, like, Ziploc bags, and then they'll toss them in there to try to protect them. Now, that's smart, because that protects the integrity of the bill and gives you better chances of getting your wish granted. So I'm actually. I'm with you on that one. That's actually pretty smart. But people throw in jewelry sometimes. You know, maybe instead of going to the pawn shop, they'll just chuck it in there and try to get their value and. Wish I could see that there's people that, that throw phones into their smartphone, into the. Into the fountain. I honestly, I think that one isn't being done on purpose. I don't see anybody just chucking their phone in there unless they're trying to get away. You know, I see somebody having their phone thrown in there by somebody else. I could see that one. But if you're trying to stay off the grid and maybe like Jason Bornett, you know, that's where I could see. That's when I could see you throwing your smartphone in. But otherwise, I just don't see people are just too careful with their phones. I don't. I don't see that one happening. Be a lot of accidentals, that's for sure. But they'll throw in photos and try to try to wish, you know, for things for their friends and family, and I don't care for that one at all. What does that do? What's a photo? What's a photo gave value to the fountain because you got to figure you're trying to give value to the gods, to the fountain, to the wishing people, to the genies. I mean, do the genies oversee these wishing wells and fountains? That. This is pretty deep, Johnny. We didn't even begin to prep enough for this. Like, who's. Who's granting these wishes? It's. I'm starting to think there's some genies involved or, or cousins of genies or something, because who else has this kind of power to. To grant these wishes? But though people are throwing toys, which, again, I think that one's an accident. I just like, you know, kids thinking that it's all fun and games. Oh, you're throwing coins at. Yeah, Let me check my Matchbox car. Hot Wheels. Probably more appropriate than Matchbox. Some people throw animals in, you know, but that one's on purpose. Don't you think if. Yeah, you found a snake. A snake would make a lot of sense. You're not getting any damn wishes. That's where I think if you throw a snake in, you're trying to take somebody's wish. That's actually pretty sneaky. I'm actually here for that one. I like that a lot. One time. So that Trevi Fountain that I was telling you about in Rome, or wherever the hell that was, they. People have found a full bicycle sitting at the bottom of that. That. That had to be on purpose. But, I mean, that. That's. That's got to be a prank. You know, people find dentures, false teeth, things like that. That. That, again, got to be some kind of accident. But my favorite would be the, like, fake human body parts, you know, like putting mannequins and fake arms and stuff. Put it down there. Just, you know, prank it. I mean, a statue of, like, Jason Voorhees, you know, something like that, where he's, like, looking up. That's. That's a hell of a prank. I'm here for that one. Or, you know, why wouldn't we use it? Like one of those time capsules, you know, or those you put the. You roll up the note or the letter in a bottle and throw it out to sea. That would be kind of fun to do that in these wells, these wishing wells. That'd be fun, because then you never know who's gonna get it. And then, you know, you open it up and it's like, chicken butt. You know, that would be funny. That's a hell of a prank. Hopefully that has no impact on your wish or no impact negatively on you, because you're just trying to pull pranks. I would hope. I would hope, because I plan on doing one of those. I actually like the chicken butt one. But the fact that thousands of dollars in coins is being thrown into these. These major fountains every single day is just so wild. I mean, it does go to good causes. I mean, remember, most of these places are taking this money, and they're giving it away to charity. So this is actually a really good thing. And I hope the extinction of the penny does not hinder people from continuing to give. I mean, you have to give to these fountains if you were giving before, because it does appear that they do rely on this to some extent. But with that being said, if you are giving more, if Strategically, you're looking at it and going, I was giving a penny and now I'm throwing in a quarter. Well, damn it, your odds to get your wish granted certainly need to be higher. Well, there you go. That's my thoughts on the penny. I mean, a lot of people, they think of the penny going away and they're like, all right, how's this impact retail? How'? Impact, you know, the economy? How, you know, how's this going to change the way we spend and buy and blah, blah, blah, forever? And I. I instantly went to, but what about my wish? I don't know. We're all. We're all a little different, Johnny. We're all just a little different. We got another new episode coming this week, a little Friday happy hour. Ain't nothing wrong with that. It's gonna be. It's gonna be a great kickoff to the weekend. Who knows? Maybe we'll find a wishing well. Have a beer. This one's on you, Johnny. Thanks for listening.
- [29:48]
Commercial Announcer
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- [30:23]
Friend Toast Speaker
Gentlemen, I propose a toast to our good friend Dave. You inspired this epic guy's weekend. I'm sorry you're missing it. Everyone knows that when you fly, you need to bring a real ID or a passport.
- [30:37]
Sponsor Representative (Public Investing)
Everyone but Dave.
- [30:38]
Friend Toast Speaker
So here's the finally figuring out how to get on an airplane. Dave, we'll see you tomorrow. And I'm glad you could rebook your flight.
- [30:44]
Podcast Promoter/Host
He would have loved this restaurant.
- [30:46]
TSA/Travel PSA Announcer
Does your ID fly? Find out if you have an acceptable form of id@tsa.gov realid there's no championship
- [30:54]
Lenovo Pro Advertiser
league for small business owners, but if there was, you'd be at the top of the standings. Because going pro with Lenovo Pro means you've got the winning formation. One on one advice. IT solutions and customized hardware powered by Intel Core Ultra processors help you stay ahead of the competition. Business goes pro with Lenovo Pro. Sign up for free@lenovo.com Pro Lenovo Lenovo.
- [31:24]
Jeremy Odom
Janice Torres here and I'm Austin Henkewicz. We host the podcast Mind the Small
- [31:29]
Podcast Promoter/Host
Business Success Stories, produced by Ruby Studio
- [31:32]
Jeremy Odom
in partnership with Intuit QuickBooks.
- [31:34]
Commercial Announcer
We're back for seasoned, for to talk to some incredible small business owners.
- [31:38]
Podcast Promoter/Host
The big thing about working at tech is that it's ever evolving, ever changing. Everyone's a rookie. That's how fast the industry is changing. So what I'm really excited about is to be part of that change. So listen on the iHeartRadio app, Apple Podcasts, or wherever you get your podcast.