← Let's Talk Off Camera with Kelly Ripa
Let's Talk Off Camera with Kelly Ripa
Farnoosh Torabi: Show Me The Money!
00:50:26
Financial expert Farnoosh Torabi joins Kelly to take all of your financial questions LIVE. Farnoosh weighs in on how to pay for college, how to save during college, and how to manage your finances if you’re a part of the sandwich generation. She talks credit cards, how to consolidate your credit card debt and why not to be a miles hoarder! Plus she gives advice on how to incentivize your post college kids to move out of your house!
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- [00:02]
Kelly Ripa
Summer's here and the sun is shining. You need powerful sun protection that feels light on your skin. Meet Neutrogena Ultra sheer sunscreen. This SPF 70 lotion absorbs fast with a smooth, dry touch finish. So you'll forget you're even wearing it.
- [00:18]
Mark Consuelos
It blocks 97% of burning UV rays.
- [00:22]
Kelly Ripa
And is water resistant for up to 80 minutes. Lightweight, effective, and perfect for sunny days.
- [00:28]
Mark Consuelos
It's just what your summer needs.
- [00:30]
Kelly Ripa
Neutrogena Ultra Sheer Sunscreen.
- [00:33]
Mark Consuelos
You can't feel.
- [00:35]
Kelly Ripa
Shop now at Target.
- [00:39]
Farnoosh Tarabi
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- [01:12]
Jan Chalet
I have young kids. My. My daughter has like a fake ATM in her room.
- [01:16]
Mark Consuelos
Does she play atm?
- [01:17]
Jan Chalet
Well, you know, it's like it's a piggy bank, but she. It tallies how much is in there.
- [01:22]
Albert Bianchini
Wow.
- [01:22]
Jan Chalet
She comes with a card, you know, so it's kind of marrying this sort of like technology that we have. Although ATMs I feel like are going the way of the dinosaur too, but also using cash too, to kind of understand the limitations of money.
- [01:36]
Mark Consuelos
Yeah. My daughter, when she was younger, if I was buying her something, say, for, you know, if she needed a dress for a school concert or something, she's like, I don't want you spending your money on this, so make sure you use your credit card. Somebody gotta cue me or do I cue myself?
- [01:53]
Jan Chalet
Cue yourself.
- [01:53]
Mark Consuelos
Okay. Oh, this is big. Get ready, everybody.
- [01:59]
G
Show me the money.
- [02:02]
Mark Consuelos
I have always wanted to say that we are back. That's right. Back with another live episode of let's Talk off camera. And today we are tackling. I think this. Jan, I'm just gonna say it. Think it's the most important episode we're ever gonna do here. Absolutely. I am saying it. We are tackling all of your burning money questions because let's be honest, financial literacy is a superpower that we all desperately need. I feel that I may be financially illiterate, but I'm going to figure it out today because it's not our fault. Guys, we were not Taught this in school. They still don't teach this in school. But we are not flying solo today because we have financial expert and host of the podcast Satan so money. She is so money. Farnoosh Tarabi is with us today, everybody. Okay, so if you're like us here in this here humble podcast room and you have questions on how to navigate rising university costs or how to balance expenses in the sandwich generation, if you're currently housing an adult child, say, whose college degree is not paying the rent, or how to teach your young kids about money and jobs and responsibility, call us, because we have the big guns with us today. Farnoosh is here in the house. Hi, Farnoosh.
- [03:34]
Jan Chalet
Hello. Thank you so much. That was such a warm reception.
- [03:38]
Mark Consuelos
I've got to tell you that we. You know, I was eavesdropping before we started this podcast, and you were doling out financial wisdom, and I was just sitting there eavesdropping, and I was like. And as I was listening and agreeing with you, I was also hearing this in my ears, because as soon as people start talking money, white noise takes over my brain. Am I alone in that?
- [04:04]
Jan Chalet
No, you are quite normal. And what you were saying earlier about we don't learn financial literacy in school, more importantly, as a culture in the United States, we don't talk about it. There are still people, Earthlings, that believe it's inappropriate, it's rude, it's wrong to take classe declasse. They're also the same people who love to flash their wealth, but they don't want to talk about money.
- [04:29]
Mark Consuelos
Right.
- [04:30]
Jan Chalet
And I think that's a real disservice to us as a society and especially for the young people growing up in a world where they're seeing a lot of. And I know we're going to get into it, like a lot of sort of faux wealth being, you know, flashed around.
- [04:42]
Mark Consuelos
Flashed around. Social media.
- [04:43]
Jan Chalet
How do I afford that? Why can't I afford that? Woe is me.
- [04:47]
Mark Consuelos
Mm. I see that a lot. I'm sure our kids are probably being bombarded with it because they're much more, you know, of the social media generation. Jan Albert, do you have any financial questions that you want answered right now? Anything that's.
- [05:06]
Darcy
Yeah, I mean, we were talking about it a little bit, but the cost of university is just. It seems to be going up and up and up. And I'm just like, I'm wondering, is it to the point where you say, okay, don't go to your first or second choice? Maybe we should just go to a college that's more affordable.
- [05:21]
Jan Chalet
I think you should still try to reach your dream school. But it's important to be realistic. And I think I had that conversation when I was 18. My parents were like, okay, great that you're applying to these liberal art, Ivy Leagues or private schools. But we also need some safeties that, that still exists. Right? Like your safety is not too hard to reach to add that to the mix. Because what you don't want is a situation which did happen when I was going to college. My classmates in high school didn't get in anywhere.
- [05:50]
Mark Consuelos
Wow.
- [05:50]
Jan Chalet
Right. Wow. So what would you prefer? Stagnancy or going to maybe a second like a school that's not your number one, but maybe it's your number two or number three, which you can always transfer out of if you're really miserable, get those credits and move on. But at least you've saved money in the interim. Look, college is not a straight path. And I think we often think it has to be this certain way. We have to go to this school. This is the cost. It's not bendable. You know, it is what it is. We feel like we have our hands tied, but the truth is it's actually far more flexible than retirement. Right. Who's gonna. There's no FAFSA or student loan for retirement. Right. That's solely on us. And those costs keep going up. But college is the sort of thing that, you know, we get wrapped up in sort of the brand name of the school and the sort of, you know, the dream. But at the end of the day, and I think teenagers can understand this, this is important for everyone to realize. You may never have talked to your kid about money, but now is the time and that 17 year old, 18 year old can absorb this and they will be upset and they may not understand that they can't go to their dream school. That's 100,000 a year. But you don't stop the conversation there. You talk about, well, we need to work together to come up with some solutions. This can still be in your future, but we have to find alternative ways to afford it.
- [07:11]
Mark Consuelos
I have a thought. I have a thought about alternative ways you can afford your youngest son's university costs. I think you let Luke, now Chan's older son, sort of runs like a gambling ring. I don't know, he's like a.
- [07:26]
Jan Chalet
Are we allowed to talk about this?
- [07:28]
Mark Consuelos
No, it's not illegal what he does, but he knows how to. He knows how to. He knows how to. I don't even know what he knows. How to do because I'm so, like, I'm so bad at gambling. But he understands how to. What's his app? He's got an app, for God's sakes.
- [07:48]
Jan Chalet
He does all these prop bets and.
- [07:50]
Darcy
Stuff and he's, I mean, I believe it.
- [07:52]
Mark Consuelos
I think that he makes a fortune. I didn't tell Joaquin because my son teaches a. He like teaches a wrestling camp all summer and he makes like $4 an hour. I had no, like, I didn't have the heart to tell him that after a day of like busting his rear end all day long that his friend Luke Weiner is making banks lobbing bets.
- [08:15]
Jan Chalet
And he never left his house. Probably right. I think teens can become very resilient very quickly when posed with a challenge. But it has to be introduced to them as this is a challenge, it's not a dead end.
- [08:28]
G
Right.
- [08:29]
Jan Chalet
There are solutions, there are options, but we need to work together on this and the sooner the better. You don't come up with this conversation, you know, spring semester, senior year, when the applications are coming back. You need to manage their expectations. And what a great opportunity for them to learn about financial friction now because look, they're going to have it when they get older and they're able to sort of work through it now in the safety of their home with you as collaborators. It's not ideal. I don't wish this on any children, but that's the reality. And I want to give us some grace. College is, it's unforgiving, these prices, right? It's been growing three times, four times the rate of inflation. And we know inflation's been high every year. So what is a hard working American supposed to do? I have friends who have actually saved for their daughter's university and they're still coming up short and they're nervous about having this conversation with her, but they know that it's gotta be done.
- [09:29]
Albert Bianchini
So my question, which we started to talk about a little bit before is like taxes, tax returns. I get $1,000 back on my taxes. My instinct is, oh, I have a mortgage, I want to pay it down sooner. I'm going to put that to my mortgage. But I told you I have a 3% mortgage rate. And nobody would say to do that. They would. And why?
- [09:49]
Jan Chalet
Well, mathematically, just the math alone, you can get more on that money, that thousand dollars doing other things with it, like putting it in the stock market, even a high yield savings account which is like 4%, 5%, you can maybe make more money just saving that money.
- [10:04]
Albert Bianchini
Then I can touch it, but then it's there and it's usable. Then I can say, oh, I want to buy that.
- [10:09]
Mark Consuelos
Cut yourself off from touching it. You don't touch it.
- [10:11]
Albert Bianchini
It needs to go somewhere where it needs to.
- [10:13]
Mark Consuelos
No touchy, touchy.
- [10:14]
Jan Chalet
I mean, look, there are definitely people who grow up believing that debt is bad. All debt is bad, whether it's a credit card or a mortgage. So whether it's a 3% rate or a 20% rate, they can't wait to get rid of it.
- [10:28]
Albert Bianchini
Can't wait.
- [10:28]
Jan Chalet
It's emotional and I understand that. But I would just say to that person, that's okay. Like, let's look at some other areas of your financial life that might need more addressing sooner because this is not a priority. It's not going to break you if you don't pay this off right away. But. But maybe your retirement account needs some addressing. You know, your kid's college fund. Those things I think deserve more attention than a 3% mortgage rate.
- [10:53]
Mark Consuelos
Okay, so Jan and I have these Gen Z kids and that for those of you at home going, what is Gen Z? It's between the ages of 13 and 28. What are the biggest financial challenges facing Gen Z today from previous generations?
- [11:11]
Jan Chalet
Wow. Well, the biggest, I think, is obvious. It's the social media and it's the dependence on the Internet. It's like that, one of the principles of financial freedom, like how to be actually financially independent. It comes down to a lot of. It comes down to restraint and it comes down to delaying your gratification. In other words, choosing to save for something in the future than buying that shiny object today. And I do think that the. And this could also be not just this generation, but when you're young, right, and you're just kind of learning still, that is. I feel like they're behind the eight ball there. They really. Social media has made everything seem attainable quick. They're very impatient. I mean, I don't have teenagers yet, but I see it already in my, you know, my young kids are in elementary school. They want what they want when they want it, and that when that behavior is not harnessed and we're not taught the fruits of waiting for things and seeing that return. I think they're going to grow up and this generation is to an extent experiencing it now. I worry that they're going to spend before they save more than any other generation again, because they're also being tempted more than any other generation.
- [12:27]
Kelly Ripa
They can shop on their phones.
- [12:28]
Jan Chalet
They can shop on their phones.
- [12:29]
Mark Consuelos
How easy Is that it's not even real money. You just tap and you pay.
- [12:32]
Jan Chalet
You just tap. I mean, pretty soon you're just gonna think of something and it'll show up in your front door. Like, so they have that to fight up, to fight against. But on the plus side, I think because of the Internet, they're more connected than ever. They can learn faster than we ever did about a lot of things, good and bad. But when I was starting out in personal finance, there were like, three people that were teaching us, you know, in this sort of thought leadership space. And now there's hundreds, maybe thousands, from all different parts of life, walks of life. So if you're a single mom in Detroit, if you're an immigrant living in Worcester, Massachusetts, where I'm from, there is probably a financial expert who has lived your life experience to some extent. And from there, you're more willing to learn about money. Because money, what I've learned is not just about learning, like, how to put money on a spreadsheet and spend less than you earn. It's also about feeling connected to a financial life that has meaning, right? And when someone's telling you how to manage your money and you don't relate to that person, you don't see yourself in that person, it's hard to understand how you can do it too. And now we live in a world where we're so connected, we're so visible, we're so transparent, that I think that's a plus for everybody, especially the younger generation. Like, if you want to learn this, you can. I mean, your son is. Is making money on his money.
- [13:55]
Kelly Ripa
He's loaded.
- [13:55]
Jan Chalet
I mean, be careful with that. But I think that's. That is an example of the accessibility that is now than never before.
- [14:02]
Albert Bianchini
Do you think cash is a good idea for kids?
- [14:05]
Jan Chalet
What do you.
- [14:05]
Albert Bianchini
How do you know?
- [14:06]
Jan Chalet
So there's studies, actually, that find that when you use cash versus credit and now it's just your phone, that it's more painful in a really helpful way. Parting with cash is it makes you pause. You actually have to see it leaving. You suddenly think, okay, now I had 50, I have 50, I had 100, now I have 50. So it makes you be more thoughtful about your purchases. I mean, that's. You don't need maybe a study to tell you that, but they have studied that. And I know we don't live. We live in a cashless society. And I love that, actually. I love to be able to sort of like transact so quickly. But I think for young people learning about Money, It's a great stepping stone. Like, it's a great entryway into the world of money to sort of see it, have it be tangible. I have young kids, they have my. My daughter has like a fake ATM in her room.
- [14:56]
Mark Consuelos
Does she play atm?
- [14:57]
Jan Chalet
Well, you know, it's like it's a piggy bank, but she, it tallies how much is in there.
- [15:02]
Albert Bianchini
Wow.
- [15:02]
Jan Chalet
She comes with a card, you know, so it's kind of marrying this sort of like technology that we have. Although ATMs I feel like are going the way the dinosaur too, but also using cash too, to kind of understand the limitations of money.
- [15:16]
Mark Consuelos
Yeah, my daughter, when she was younger would say things to me that would. She would say, don't pay, don't, I don't want you to spend. If I was buying her something, say for, you know, if she needed a dress for a school concert or something, she's like, I don't want you spending your money on this, so make sure you use your credit card. And then it's not real spending money and all. And subsequently, when our kids, you know, graduated college and now we just have our youngest that just graduated college. Michael graduated in May of 2020. So his job opportunities that he had lined up had vanished overnight. So we gave him a grace period. After college, we gave him a one year grace period. So then it became like a thing in the family. Like, okay, we now have to give each kid a one year grace period. Like, we just have to do it. But when Mark and I removed them from, like when Michael is a full on adult and he takes care of himself and he, you know, he's totally on his own. But when we, I remember when we removed Michael and Lola from the Uber and the Uber Eats and like when that was like on, when it was up to them, it was like earth shattering because they really were stupefied as to how much all of that cost. Because when it's on the family plan, it seems free. It all seems free. And you know, so they got real uncomfortable real quick. And then that was the real best way to teach them. And having said, I've had three kids, I raised them all the same way. And we have, you know, two kids where it took some, it took a minute for them to become financially responsible. And we have one kid that was born financially responsible, born that way. And we've never, like, we've not instilled, like, we didn't secretly, you know, squire him off to the side and say, listen, this is, you know, you have to be responsible with Your money. You should invest, you should save, you should. We didn't say that. He just. It's autonomous.
- [17:38]
Jan Chalet
Yeah.
- [17:39]
Mark Consuelos
So I do believe there are people. Maybe you were one of these people. I am not one of these people. Where it is like second nature. Financial literacy is. Just comes to them in a way.
- [17:49]
Jan Chalet
And I think what it comes down to is they have these innate behaviors that are. That work well with managing money. So we talked about one of them already, which is delaying gratification. If you, if you're someone who is just inherently more. You take pause. Like, you're not so impulsive. You have good emotional regulation. I just did an episode on my podcast about people with adhd and what's. What do we do, you know, if we have ADHD or any sort of neurodivergence in managing money? Because like harnessing, again, like emotional regulation is more difficult. Budgeting is really tough. So it's not impossible.
- [18:24]
Mark Consuelos
Is that why I hear the noise? Is that why I hear, hey, you know, I mean, is that what it says?
- [18:31]
Jan Chalet
I am not a psychiatrist, but I.
- [18:34]
Mark Consuelos
Yeah, I bet you could die. You just diagnosed me obvious here.
- [18:40]
Jan Chalet
I mean, no, I, I think that certainly there are people who arrive in the world and they just have a proclivity to, you know, managing money. And they're the same people that are typically very organized and are very curious and are very sort of methodical about things. But that doesn't mean that it can't be taught. And for those who maybe aren't that way, hey, we live in a world again of technology. Lean on the automations. Why make it hard for yourself? You make some decisions once. I'm going to invest in my retirement. You make that decision once and then you set up an automated system that keeps doing it for you over and over again. I'm gonna save this amount of money every month. You make that decision once and then it just keeps doing it for you.
- [19:27]
Mark Consuelos
I remember you were on the morning show and you were telling us about the app where the kids can invest in the stock market and then check their investments. And so we immediately like, told Michael about that. And he became obsessed with watching his money make money.
- [19:46]
Jan Chalet
Yeah.
- [19:46]
Mark Consuelos
And sometimes lose money. But it was still like a very. It was a very. It was something new other than like those, you know, those immediate purchases that feel good in a moment, that feel like a great thing.
- [20:01]
Jan Chalet
And it was on its phone.
- [20:02]
Mark Consuelos
It was on his phone and he could like check in. It was like something easy that he could really understand. And I remember that was a few Years ago.
- [20:11]
Jan Chalet
Yeah. These apps have gotten really good at gamifying things, which have their drawbacks because gamification also leads to impulsive decision making. But I think for kids learning about money, take advantage of these apps and tools. Our kids have also an app that tracks their allowance, and it comes with a debit card. And, you know, it's just. It's a teachable moment. Do we use this debit card once we've used it? Do they check that Apple up? Maybe a few times. Right. But it's more the novelty of it, and then it creates conversation that's important, that that's more memorable than like, oh, I got this random debit card.
- [20:48]
Mark Consuelos
Jan. Yes.
- [20:48]
Jan Chalet
Yes.
- [20:48]
Darcy
So when you and I were on the phone, you were telling me that you're most concerned about this sandwich generation, but I don't even really understand that.
- [20:55]
Mark Consuelos
Oh, I do. I know what that is.
- [20:57]
Jan Chalet
Tell us.
- [20:58]
Mark Consuelos
I mean, it's when you are raising children and also caring for aging parents, and you are in you and yourself, you and yourself, but you are squeezed. You're the lowest person.
- [21:09]
Jan Chalet
You're the hand between the two slices of bread. Right.
- [21:11]
Darcy
And so what are tips for people like that? Like, what do you do?
- [21:14]
Jan Chalet
Well, listen, it's cliche, but, you know, they say on the plane, like, put your own oxygen mask on first before you support somebody else with their oxygen mask. Like, it's a hard thing to say out loud, maybe to your loved ones, especially if it's culturally accepted, expected of you to take care of your aging parents. But listen, this is the script. Mom, Dad, I love you. I want to be here for you. I need to make sure that I have my own savings first before I can start to whatever it is, like, pay your bills. And. And I think sometimes we assume that there's so much we have to do for our parents and for our kids. It's all in our head, though. Have you actually written down, down what's needed? Have you actually had a conversation with your parents about what money they have saved up potentially, what Social Security income they may be already receiving, what bills that they actually have and what are their wishes like? Before we start to pull out our wallets, let's think of. Let's talk to them about what they expect and what's realistic and what's already maybe being taken care of. And for those who absolutely have no money left. For aging parents, our time and our attention can go a very long way. Because sometimes what is needed most at that stage in life is advocacy. Is someone who can, you know, work the phone lines with you to figure out your Medicare plan. Get someone to come into your home to explain your Medicare options so that they feel again, advocated for and supported in that way. And that is priceless.
- [22:48]
Mark Consuelos
Okay, we're gonna take a commercial break right now. When we come back, we're opening up the phone lines for your show. So many questions for Farnoosh Tarabi.
- [23:01]
Kelly Ripa
From campfires to lunch boxes, I have.
- [23:04]
Mark Consuelos
Sweet memories every time I eat a Hershey's bar.
- [23:06]
Kelly Ripa
And for me, Hershey's with Almonds is.
- [23:09]
Mark Consuelos
A perfect duo because it combines two.
- [23:11]
Kelly Ripa
Of my favorites, delicious rich chocolate and my go to snack almonds. It was love at first bite. Hershey's Milk Chocolate with whole almonds makes for a wholly amazing, wholly delicious experience that's, well, holy Hershey's. Everyone should get to experience the satisfying surprise of a whole almond tucked inside creamy Hershey's chocolate. And if you've already tasted Hershey's milk chocolate with whole almonds, then chances are you're already a lifelong fan of this confectionary delight. Because let's face it, everything's better when you put your whole self into it. Why should an almond chocolate bar be any different? Shop for Hershey's Milk Chocolate with whole almonds now at a store near you found Wherever candy is sold.
- [23:57]
Jan Chalet
Keep that in.
- [24:01]
Kelly Ripa
If you know anything about me, it's that I love to do laundry. It just gives me such satisfaction. But did you also know that skin care can start in the laundry room? The first step of a sensitive skincare routine is choosing the right laundry detergent. All Free Clear is the number one.
- [24:19]
Mark Consuelos
Detergent brand recommended by dermatologists for sensitive skin.
- [24:22]
Kelly Ripa
All free clear is 100% free of.
- [24:25]
Mark Consuelos
Dyes and fragrance allergens.
- [24:27]
Kelly Ripa
It provides an effective clean that's gentle on the skin while removing impurities like dirt and body oil that can irritate your skin. It's made with eight carefully selected ingredients to fight stains and be gentle on skin.
- [24:39]
Mark Consuelos
How great is that?
- [24:40]
Kelly Ripa
Allfreeclear has been a game changer for me. It leaves my clothes feeling fresh and my skin feeling happy.
- [24:47]
Mark Consuelos
I especially love that it doesn't give my laundry a strong artificial odor like some other brands.
- [24:52]
Kelly Ripa
You know what I mean? For an effective skin friendly clean wash with All Free Clear, say you've always wanted to take a spontaneous trip to the Caribbean. Here's the thing. If you get smart with your money.
- [25:04]
Mark Consuelos
You can do things like that.
- [25:06]
Kelly Ripa
With empower, you can start making the most of your money so you can go out and live A little. Isn't that why we work so hard to have some fun with our money, like treating yourself to something special or spontaneously doing something extra for a loved one? So use Empower and get good at money so you can be a little bad. Join their 19 million customers today@empower.com not an Empower client, paid or sponsored.
- [25:38]
Mark Consuelos
We're back with finance expert Farnoosh Tarabi. You are a gem. A gem. We have a caller for you right now. Kelly in Ohio is calling. Calling Kelly in Ohio. Hi, you're on with Farnooche.
- [25:52]
Jan Chalet
Hi.
- [25:53]
Kara
We have a question.
- [25:55]
Mark Consuelos
Yep.
- [25:55]
Kara
What is the difference between a grant, a federal loan, and a private loan?
- [26:02]
Mark Consuelos
Okay.
- [26:03]
Jan Chalet
I love this question, Kelly. Are you going to college soon? Am I allowed to ask?
- [26:09]
Mark Consuelos
Yeah, yeah. She says yes.
- [26:11]
Jan Chalet
Okay. So a grant is essentially free money. A grant's great. We want grants. We want more of them. A grant is essentially, usually it's maybe provided through the college. It could be provided through the state. It could be a federal grant, but you don't have to repay this and there's no interest. It's basically like a scholarship.
- [26:26]
Mark Consuelos
Amazing.
- [26:27]
Jan Chalet
Federal loan is a student loan that is issued by the government. Typically, these loans have more flexible repayment terms. The interest rate is also fixed. So when it comes to the hierarchy of, like, what's a great loan? A federal loan I think trumps a private loan, which is. Now I'm going to talk about. What is that? That is when often you've exhausted a lot of your financial resources to pay for college. You've gotten the grants, you've gotten the scholarships, you're using cash, maybe you've got a federal loan and there's a little bit left over that you need to cover. Some families choose to go with the private loan route, and that is you can get through a variety of financial institutions. It's a private market product. And so every kind of loan there has its own rules and regulations and guidelines. It really depends on the bank versus the federal loans. It's like the federal government sort of controls that and makes sweeping laws that affect them. But the private loans, you have to be very careful what you're getting into. And typically the repayment options are not as flexible. So with federal loans, if you're, you know, you don't have income when you graduate and those loan payments kick in, maybe you can apply for something like an income driven repayment plan, which pegs the payment to a percentage of your income. If you're not making any money, you probably don't have much to pay Back So I would say grants, then federal loans, then private loans in terms of hierarchy of good money for college.
- [27:50]
Mark Consuelos
Kelly, did that answer your question? I mean I went Boo.
- [27:55]
Jan Chalet
Elevator music.
- [27:57]
Kara
Yeah, it did. It helped a lot. Thank you.
- [27:58]
Jan Chalet
Kelly, are you with us?
- [27:59]
Mark Consuelos
Kelly, are you going to go to the Ohio State?
- [28:04]
Kara
I am not. I'm going to go to Bowling Green State University.
- [28:08]
Mark Consuelos
Amazing.
- [28:09]
Jan Chalet
Good for you.
- [28:10]
Mark Consuelos
Ok, good girl. Well, good luck to you, Kelly. Thanks for calling in.
- [28:14]
Jan Chalet
Okay, up next we, we have David.
- [28:17]
Darcy
In New Jersey who has got a question.
- [28:18]
Mark Consuelos
David in New Jersey. Okay. David in New Jersey are on with Farnoosh.
- [28:23]
G
Hi Kelly. Hi.
- [28:26]
Jan Chalet
Hi David.
- [28:26]
Kelly Ripa
Hi.
- [28:27]
G
I'm a big fan of your show by the way, Kelly. I come all the time.
- [28:31]
Mark Consuelos
Oh, thanks. David, what's your question for Farnoosh?
- [28:35]
G
So how many credit cards should you own without overwhelming yourself?
- [28:42]
Jan Chalet
Uh huh. Wow. Okay, so there is no technical answer for this. Like I. Okay, first of all, if you are concerned about your credit score, I'm going to interpret this question and say you're asking me this question because you're worried about, you know, overwhelm and then mismanaging the cards and then that affecting your credit score. If you have 15 cards in your wallet versus one, it doesn't really affect your credit score. The credit score doesn't care about the number of credit cards you have. What it cares about is how you're managing that debt. So if you, this is why this is really a personal question. How well do you know yourself? Are you somebody who would get kind of overwhelmed and very spendy with a lot of different credit cards? Then you know that it's important to have just a few, you know, like maybe a main credit card for your everyday expenses that you pay off in every month in full. Maybe one is for vacations. But you know, there is a world where people have 15 credit cards. Typically those people are trying to game the system. They're trying to get all the rewards and maybe get a free trip to Africa with their loved one. You know, like I get that that's we don't have time for that to talk about all the like that goes into that on this show. And frankly I have still to learn so much about how to do that. So quick answer to your question is have as many as you can manage without getting into a situation where you're carrying big balances every month and paying interest on that like just enough where you can manage it and it's, it's, it's doable.
- [30:08]
Mark Consuelos
David, was that helpful?
- [30:11]
G
Yes, yes, thank you. Because the reason Why? I asked because I, I have, I actually have seven credit cards and I'm just asking on advice on how to properly manage them, that's all.
- [30:23]
Jan Chalet
Yeah, so if you have seven credit cards you, you probably have one that you use the most. Maybe look at all of them again and see which one's offering you the best rate, which one might be offering you good rewards, which one has the highest credit limit. And I would start with that card as my most frequently used card because you're going to get more mileage out of that one card. It's not going to cost you as much when you're carrying a balance. It's going to give you more rewards potentially for paying your bills on time. So there's usually probably a good card in that mix that shines a light more than others.
- [30:58]
Mark Consuelos
Is there a, where is there a place David can go to find out which card is his best card?
- [31:05]
Jan Chalet
That's a really great business actually. I think someone you should create that. Yeah, maybe I should make, there's, there's like websites where you can compare credit cards like Nerd Wallet, Bankrate are great sites. I've been using them for decades to learn about credit cards but I wouldn't shut any of them off necessarily. What you might do is just attach a bill to be automatically reconciled with each of these cards every month just to keep them active because that will actually help your credit score. If you're someone who's in the market for a car loan, a mortgage, a private loan, another credit card, your credit score is going to be important. Closing a credit card account can sometimes ding the credit score.
- [31:51]
Mark Consuelos
All right, David, I hope that was helpful. Thanks for calling in.
- [31:55]
G
Thank you so much.
- [31:56]
Jan Chalet
Thanks Dave.
- [31:57]
Mark Consuelos
All right, so we've got Tricia in Michigan now. Trisha, hi, you're on with Farnooch. How are you doing?
- [32:02]
Kara
Hi ladies. Great. How are you? Thank you for taking my call.
- [32:06]
Mark Consuelos
Good. Are you go blue or what?
- [32:08]
Kara
So I actually am a 40 year old college student and I'm actually Roll Tide. I started at a community college and what I want to remind all of our friends is there is no shame in community college. It will stay save you a zillion dollars. They have so many options for grants and things that you can get at community colleges and then transfer to a four year university. I recently did this and transferred to the University of Alabama.
- [32:38]
Mark Consuelos
Incredible. I am so impressed. I just want to tell you something as a 54 year old woman who is, who's I consider going to college all the time and I'm So, so, like, I just think there's no place for me there. But hearing you has sort of like maybe re. Reinvigorated something in me that, that, that, that it's possible. That it is possible. Even though you're so much younger than me at this point. But anyway, that's not the point. Do you, do you have any questions for Farnooch?
- [33:13]
Kara
Farnoosh, what do you think is something that is overlooked in the college community that could really change your finances? Is it deleting the apps? Is it, is it deleting Uber Eats? Is it just paying more attention to your bank statements?
- [33:28]
Jan Chalet
So your question is how to be more sort of in tune with your finances while in college? How to save while in college? If I'm understanding that. Okay. Yeah. I think when I was in college I had three jobs and I think that maybe we think we underestimate our ability to work while at school to make money. But I think that's an aspect of our financial life that when we're young, we think, oh, no, I have to compartmentalize that I'll do that when I graduate. But even just a part time job, making some money will then make you force you to actually know better how to budget. You know, like you're not just getting money from your grant or your parents or a scholarship that sort of feels like free money. It's your money. And I think that's a great way to kind of put on the training wheels while you're in college to really feel what it's like to spend and to spend your money. And so to the extent that you can find a job while you're in school, again, not to interfere with your academics, but I do think that it's possible, right. Maybe not freshman year, but sophomore year, junior year, things start to get a little bit more like you start to coast a little bit and you can start to look at a job. I would do that to help pay your bills yourself and build that financial autonomy while you're in school.
- [34:43]
Mark Consuelos
Trish, was that helpful?
- [34:45]
Kara
Absolutely. It is never too late for an education. Oh, I can encourage. If I could give everybody one thing. Go back. It's never, ever too late. You'll never regret it.
- [34:54]
Mark Consuelos
Oh, Trish, that's so. That's a great question.
- [34:57]
Jan Chalet
Do you know what?
- [34:58]
Kelly Ripa
Also I have.
- [34:59]
Mark Consuelos
Wait, you have a question, Jan?
- [35:01]
Darcy
Do I have a question? So speaking of college. Okay. I know a ton of people whose kids are coming home after graduating college. Living at home.
- [35:09]
Jan Chalet
Yeah.
- [35:10]
Darcy
Having a hard time either getting a job or the job's just not making enough money. So what boundaries you put in place in your home to kind of help them?
- [35:19]
Mark Consuelos
Yeah.
- [35:20]
Jan Chalet
You incentivize them to get out. And the way you do that is first, you first got to have a real honest to goodness conversation about expectations. Be understanding, because I get it. Like, it's a rough job market out there, whether you're a college student or you have 20 years of work experience. But, like, together, come up with a reasonable timeline. You said one year, right? In one year, we are going to work with you so that it's top of mind. Because it's very easy to slip into stasis.
- [35:48]
Mark Consuelos
It's very, very easy.
- [35:50]
Jan Chalet
And you can incentivize them by saying for, you know, go out and get a job. I don't care what it is. You're not looking for your dream job. No, first job's a dream job. Most people have, like, 10 jobs before they retire. Like, this is a stepping stone job. Does it pay you? Does it have a healthy work environment? Will you be learning things? Will you meet cool people? Great, go get that job. Whether it pays $20 an hour or it's six figures. I mean, but for every dollar you save, we'll save a dollar for you. Right. Like, up to. Up to a certain amount. Maybe it's like a first month's deposit on your own apartment. You can. So that's one way to incentivize. The idea is that you, you are not enabling and you're not also, just, like, cutting them loose.
- [36:31]
Mark Consuelos
Encouraging.
- [36:31]
Jan Chalet
But you're encouraging them, you're showing them that you want to collaborate, and you're, again, incentivizing them to take initiative and save. And, you know, I think most kids want to leave, like, they don't want to be home with their parents.
- [36:43]
Mark Consuelos
Right.
- [36:43]
Darcy
But do you have to inflict a little, like, pain? Like, do they need to understand?
- [36:47]
Jan Chalet
Yeah. So I say, like, there's no more Uber Eats.
- [36:51]
Mark Consuelos
They need to cut off. Yeah.
- [36:53]
Jan Chalet
They got to cut off on these things. Things that they're so used to, to.
- [36:56]
Mark Consuelos
Feel that pain, these luxuries that are, you know, like, we didn't have Uber Eats if we were hungry, we made a sandwich.
- [37:02]
Jan Chalet
Yes. And speaking of, if there's inside money and there's outside money, that's right. When you're home and we've done the groceries for the week, you know, that's for the family, and you're welcome to join us for three square meals a day and snacks and. And, you know, but, like, if you go out with Friends, if you go out for a coffee, if you go get an ice cream or acai bowl, like, that is on you. And whether it was Uber Eats or came out of your wallet. But I think that there needs to be an early on as possible, like, these boundaries of what we will cover, what you will cover, and also what is the timeline for getting you on your own two feet? And how will we help you do that in a way that feels like teamwork.
- [37:42]
Mark Consuelos
It's teamwork. That's very much what it is. It's like we're all on the same, same team. We're on team you, the child. Like we. It's when. When you send your kids to university, Jan, you've already armed them, you've given them an arsenal of tools. They have a lot of tools with which they can forge their own way. There's gonna be a shaky period. I know, because, you know, we've done this out three times. But it's like, you've gotta, like, remind them constantly because it's very easy to, like, come back home and get back home. And it's like, home is where I live.
- [38:20]
Jan Chalet
Fear. Use it. My mom, when I was a sophomore in college, she called me one day. She's like, I can't believe our, you know, your cousin spent $40,000 in credit card debt. My sister bailed them out. If you ever come home with credit card debt, just know we will not be bailing you out. Did you know I had credit card debt? Yes, I did. Like, I had about 5, $6,000 in credit card debt. I paid that off somehow. That's probably where the three jobs came in, right? But Healthy Panic. My book is called A Healthy State of Panic.
- [38:46]
Mark Consuelos
Yes, Healthy State of Panic. Yes.
- [38:48]
Jan Chalet
Great.
- [38:49]
Mark Consuelos
Yeah, I am, I am all for that. We have another.
- [38:52]
Kelly Ripa
Oh, my gosh, so many.
- [38:53]
Mark Consuelos
Like, I. This was. I knew booking Farnoosh on this here podcast was going to be a barn burner. Okay, we've got Belinda from West Palm Beach. Okay, this has got to be. If you're. If you're living in West Palace.
- [39:06]
Jan Chalet
What are your financial problems?
- [39:07]
Mark Consuelos
What financial problems could you possibly have, Belinda?
- [39:12]
G
Well, I'm a 57 year old going back to school. I'm in about 40, $45,000 in debt. I just took out a student loan. I wasn't offered any types of grants. I want to know how can I consolidate all of my debt into like one big payment? Or should I take out my 401k to take the money out of there to pay off all of my Debt or bring it down. What do we do? Because I just, I live alone, I'm recently divorced. I do get income from that. Divorce support, alimony, child support. I just, I still feel like I just don't have the money.
- [39:59]
Jan Chalet
Yeah. Belinda, question for you. Are these private loans or federal loans or a mix?
- [40:05]
G
Credit cards?
- [40:06]
Jan Chalet
Oh, these are credit cards. Got you. Okay. Do you know your credit score? Is it above like 650, 680?
- [40:13]
G
Yes.
- [40:14]
Jan Chalet
Okay, so you're in the running to get a 0% APR balance transfer credit card. So it's not going to be for the whole 45 grand, which, by the way, is about the average student loan debt in this country. But what you might want to consider is for part of that, for maybe 10 or 12,000 of that, you could transfer it over to a 0% APR credit card. You can look them up again on those sites like nerdwallet or Bankrate. Apply and again, transfer the debt as much as you can and that will at least relieve you of the interest. Okay. For about 18 months, which can hopefully help you get at least that off the table. You want to also call the lenders and ask about payment options, repayment options. Are there relief plans? If you're not working or not making enough, call the credit card companies and ask if they can knock down the interest rate. Can they put you on a payment plan? You might, depending on the interest rates too. And I know credit card rates are like over 20% now because your credit score is strong. Maybe you can take out a private loan, a personal loan, which might have something like a 10% interest rate, but there again, it's cheaper.
- [41:26]
Mark Consuelos
The carrying cost is cheaper. That's so interesting.
- [41:29]
Jan Chalet
So it's not going to get rid of the debt, but it can try to knock down the interest and at least relieve you of that.
- [41:38]
Mark Consuelos
Does that sound helpful, Belinda?
- [41:41]
G
That's. That's all I've been paying is just the minimum every month.
- [41:45]
Jan Chalet
Even just one extra payment towards the principal a month. You'd be surprised how far that can go, you know? Yeah. And just try it for a couple months, see how that feels. What you can also do is there are apps out there that can help you come up with a repayment plan. So, you know, every month you're paying this and, and it might take a few years, but stick with it. And don't, do not cash out your 401k. I think that would be a real harm to your future self.
- [42:16]
Mark Consuelos
Yeah. Don't love your. You're already.
- [42:18]
Kelly Ripa
Listen, I admire you so much, Belinda.
- [42:20]
Mark Consuelos
That you're back in school, 57 years old. And I just think that, you know, it's, if you can stick it out, tough it out, I think great things are around the corner and you should not cash in your 401k because that.
- [42:35]
Jan Chalet
You worked hard for that, you worked hard for that.
- [42:37]
Darcy
Is that like the golden rule? You don't touch your 401k.
- [42:40]
Jan Chalet
Like, I mean, you really try. Because here's the thing, there, there are early penalty withdrawals, sorry, early withdrawal penalties which can decimate. Like you might say, okay, well I have $50,000 in my 401k, but by the time you cash it out, it's really like 30,000 because you pay taxes and a penalty. And yeah, you can take out a loan sometimes, but it's usually tricky because if you get laid off from that job, you owe that money back right away, like very quickly. Whereas maybe you're on a five year plan. So there can right now with the job market, it's not like a guaranteed time to do that.
- [43:19]
Mark Consuelos
Belinda, thanks so much for your call. Really appreciate it and we wish you the best of luck. You deserve, you deserve to finish your education and you deserve to still maintain your 401k. So listen to Farnoosh. I think her.
- [43:33]
Jan Chalet
You can do it. You can do it.
- [43:34]
G
I will, I will. Thank you so much.
- [43:37]
Jan Chalet
Thanks, Belinda.
- [43:38]
Mark Consuelos
We're going to be back to hear more of what you have to say after the breaks.
- [43:41]
Kelly Ripa
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- [44:21]
Mark Consuelos
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Kelly Ripa
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- [45:10]
Mark Consuelos
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Kelly Ripa
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- [45:35]
Mark Consuelos
New customers can get the liquid eyelash.
- [45:37]
Kelly Ripa
Extensions mascara and a mini size brilliant eye brightener at a special set price with free shipping@thrivecosmetics.com offcamera that's Thrive Cosmetics.
- [45:49]
Mark Consuelos
C-A U S E M E T-I.
- [45:51]
Kelly Ripa
C S.com off camera.
- [45:58]
Mark Consuelos
Guys. We are back with Farnoosh Tarabi who is giving us so much good intel in the world of finance and financial literacy, etc. Etc. We think we've found a way for Jan to solve any college tuition.
- [46:13]
Jan Chalet
We're all going to be richer after this.
- [46:15]
Mark Consuelos
We're all going to be richer after this episode. Maybe I'll, maybe I'll reveal my sources later. Jan, I don't know how you, you know, I don't know if you want me to like, talk about it, but I hear people are making a fortune on only fans just showing their feet.
- [46:30]
Darcy
I've got nice feet.
- [46:32]
Mark Consuelos
I know you do, you. Beautiful feet.
- [46:34]
Darcy
Beautiful feet.
- [46:34]
Mark Consuelos
And I think we spent too much money on pedicure. I think you are leaving a lot of money on the table. You're standing on a gold mine. And I think you should think about it. Right. Albert, before we get to another caller, you had a question?
- [46:47]
Jan Chalet
Yeah.
- [46:47]
Albert Bianchini
Credit cards.
- [46:48]
Jan Chalet
Yes.
- [46:49]
Albert Bianchini
All the mileage that you get on these credit cards, how do you decide? Okay, I'm looking at an affair to go somewhere. It's 350 bucks or it's 25,000 miles. It's stressful because you have all these miles. What do you decide?
- [47:03]
Jan Chalet
I mean, I think rule number one is don't be a miles hoarder. Right. I'm channeling Brian Kelly right now. Who's the points guy and he's a better judge of this. But typically you get what, a point or a mile for every dollar. Right. And so I think like, if you're just going to a destination that's not very far, it's, you know, I think when you're going overseas and you're talking big Bucks, thousands of dollars for your flight potentially. And you want to be comfortable. You want to be in business class at that point. Like, start searching for points and miles. And I think a pro tip is to, you know, if you've got like, let's say airline X miles, they often have alliance partners, they have partner airlines where your points can go even further. And there are websites that can ninja fy that for you. Like, just Google, you know, make my point stretch and like, I'm sure there's websites that can do it for you.
- [47:54]
Mark Consuelos
Ask your friend. Chat GP oh my gosh.
- [47:57]
Albert Bianchini
Yeah, I got to visit Mark in Atlanta using miles because I was like, I wanted to go at the last minute, the fair. I just had all these Delta points. I went for free back and forth on my Delta points.
- [48:07]
Mark Consuelos
No kidding?
- [48:07]
Albert Bianchini
Yeah, it was a dream.
- [48:08]
Jan Chalet
That's great.
- [48:09]
Albert Bianchini
But like, I didn't even stop to think about it because it was so few points. I'm like, whatever, I'll just use it. And it's there and I'm not even touching them.
- [48:15]
Mark Consuelos
Should we go to Kara first or should we talk about. Okay, let's go to Kara. Kara in Pennsylvania has a question.
- [48:21]
Jan Chalet
Question.
- [48:21]
Mark Consuelos
Kara, you're on with Farnoosh.
- [48:24]
Kara
Hi, how are you guys?
- [48:26]
Jan Chalet
Hey, Kara.
- [48:27]
Mark Consuelos
Doing great. We're getting smarter by the second.
- [48:30]
G
And.
- [48:31]
Kara
And, and rich are still, which I.
- [48:33]
Mark Consuelos
Hopefully I'm looking for.
- [48:37]
Kelly Ripa
How are your feet, Kara?
- [48:42]
Kara
They're good. They're gonna get a pedicure right before vacation, so Perfect.
- [48:47]
Mark Consuelos
Okay, good. So what's your question for Farnoosh?
- [48:51]
Kara
So as far as budgeting is concerned for a family, do you have any apps that you might recommend or like just a good old fashioned spreadsheet? Like, is there anything out there that you'd say this is like the easiest, you know, best kind of way to separate and budget monthly, weekly, however you want to break it down.
- [49:19]
Jan Chalet
Yeah, I mean, you can start with just paper and pencil and needs versus wants. You know, I know a couple where every single year when January rolls around, they go to what's called ground zero. Budgeting. And they're like, imagine our lives together, started today. What are the things that we absolutely have to pay for and the other things that are nice to have? Because the truth is you could put up a budget today and in six months your life changes and you need a new budget. So the advice I'm going to give is only a 12 month plan so you can again make your own grassroots budget, needs, wants. You can use your bank statements and your credit card statements to just See what you're spending and usually like a good three month going back in history, about three months will give you a good sense of what you're averaging in various categories. And your banks will usually categorize it for. For you, like you're spending this much on gas, this much on food, this much on clothing. But there are apps, and I have no relationships with these companies. You know, when Mint went away, that was a big, sad moment in the budgeting world. Mint was like the Go to app, and it was largely free. But Monarch Money has since sort of taken the spotlight as well. As you need a budget, why nab? These aren't free. I should mention they do have trials, but for those who want to get real serious. And ynab, I know people love it because it assigns every single dollar to a. An expense, a goal, they like to call it, so that no money goes untracked. So if you're really meticulous, you know, some people hate that, but that is their approach. Monarch Money has a beautiful dashboard. You can use it on your app as well to kind of see where you're going. My husband and I actually use Empower. It's not a budgeting tool. It's a free app that just shows you, like, the breakdown of your liabilities, your assets, your savings, your investments. And at the very top, it shows your net worth. So when we're having, like a panic moment or the stock market's had a bad day, you can go in there and go, okay, things are still, like, the house isn't actually on fire, or you can at least see when things reconcile too. So that could be a good stepping stone. It's not going to help you budget, but it can help you see everything, and that might provide some clarity.
- [51:32]
Mark Consuelos
Why did Mint go away?
- [51:34]
Jan Chalet
It's a good question. I. I don't know. You know, that's a question for their executives. They were. I. They were purchased by Intuit, which owns, like, TurboTax.
- [51:43]
Mark Consuelos
And.
- [51:43]
Jan Chalet
And I. I think they got absorbed and I don't know.
- [51:48]
Mark Consuelos
That's a shame.
- [51:49]
Jan Chalet
Yeah.
- [51:49]
Mark Consuelos
All right, Kara, thanks for calling in.
- [51:52]
Kara
Thank you.
- [51:52]
G
So.
- [51:53]
Jan Chalet
Thanks, Kara.
- [51:54]
Mark Consuelos
We have Darcy in Ohio now. Ohio. Making a play for today. Yeah, Darcy, Hi. You're on with Farnooche.
- [52:02]
Jan Chalet
Hi.
- [52:03]
Mark Consuelos
Hi.
- [52:04]
G
I have a question about medical bills.
- [52:07]
Kara
With some of our facilities around here, they no longer will accept minimum payments.
- [52:12]
G
That are, you know, what you can afford to pay. They won't let you make payments unless.
- [52:17]
Kara
You can make a minimum payment by their standards.
- [52:20]
G
So what do you do?
- [52:21]
Kara
Do you let it Go to collections. Do you dig into savings to pay.
- [52:24]
G
It off before that happens?
- [52:27]
Jan Chalet
Well, if, you know, I just want to say to everybody that there's a new law that passed that if you have medical debt of, I think, $500 or less and you can't pay it, like, that's their loss, not yours. It's not going to hurt your credit. They can't go into collections for it. That's one nice relief that they've given all Americans. I think in your case, you might want to speak with a medical advocate. They are out there where they can work with you. They'll make the phone calls. They'll work with your insurance company as well as the medical provider to come up with a payment plan. It might just mean finding the right person to speak with who can come up with something, a creative plan for you. And just a note of caution with these. What is it? She said, these companies that call you, the collections. Thank you. You know, they have to follow by rules. They can't, you know, call you all the time. They can't call you after hours. They can't bother you. So if you get bothered, like, you can actually do something about that. You can complain and, and they. You can make it stop. But, you know, it's one of those things where medical debt leads to a lot of bankruptcy in this country. It's a huge problem. And it's. We're not going to solve it on it.
- [53:38]
Mark Consuelos
It's the shame of this country.
- [53:39]
Jan Chalet
It is.
- [53:40]
Mark Consuelos
Because everybody deserves medical care.
- [53:42]
Jan Chalet
Absolutely. So, I mean, I would just say lean on some of the advocates. It's time consuming, too. That's the other thing, you know, getting on the phone and trying to state your case and all of that. A lot of medical bills are also wrong. Erroneous.
- [53:56]
Mark Consuelos
That's right.
- [53:57]
Jan Chalet
So just again, putting out these things because I think sometimes we get these bills and we get so scared, but that usually that first bill is not actually a bill. It's just to inform you of what we're trying to work out with your insurance company.
- [54:09]
Mark Consuelos
It's a suggestion.
- [54:11]
Jan Chalet
Suggestion box.
- [54:12]
Mark Consuelos
Darcy, I hope that was helpful. And do you know Farnoosh, do you know of any, like, specific, off the top of your head, medical advocacy programs?
- [54:23]
Jan Chalet
No, not right now. Off the top of my head. But you can use the Internet to search for that and just check their Better Business Bureau rating.
- [54:31]
Mark Consuelos
Yeah.
- [54:31]
Jan Chalet
And usually the nonprofit ones are good. And also Consumer Reports has probably a good list.
- [54:38]
Mark Consuelos
Darcy, thanks so much for the call. I hope it all works out for you.
- [54:41]
Kara
Great thanks so much.
- [54:43]
Mark Consuelos
Thank you for new. I got to tell you, this is. This was epic. Will you please come back and do this again?
- [54:50]
Jan Chalet
Absolutely.
- [54:51]
Mark Consuelos
I mean, I know. I know that you have. You can also be. By the way, dear listeners, you can also listen to Farnouche's podcast, so Money, where she covers all things medical, financial life, parenting, career, financial literacy, which I think maybe I got a little bit more literate today. I mean, I did.
- [55:16]
Jan Chalet
More fluent.
- [55:17]
Mark Consuelos
More fluent. I did definitely hear the boo sound a couple of times.
- [55:21]
Jan Chalet
Times.
- [55:21]
Mark Consuelos
But then I came back. I came back in and I engaged the blue line. That was really fun. Thank you so much.
- [55:29]
Jan Chalet
I love Kelly Ripa podcast voice.
- [55:31]
Mark Consuelos
Oh, you do?
- [55:31]
Jan Chalet
I do. I was listening to it on the way. He was like, this is amazing.
- [55:35]
Kelly Ripa
Yeah, it's.
- [55:35]
Mark Consuelos
I don't know what it is. I think I'm more relaxed when I'm not wearing a bra.
- [55:42]
Albert Bianchini
Me too.
- [55:44]
Mark Consuelos
You too, Albert. Thank you all so much, so much for joining us today. And be sure to check out the so many podcasts. We'll talk to you all off camera next week. Bye, everybody. Let's talk. Off Camera with Kelly Ripa is a.
- [55:57]
Kelly Ripa
Production of Malojo Productions.
- [55:59]
Mark Consuelos
From Malojo, our team is Kelly Ripa, Mark Consuelos, Albert Bianchini, Jan Chalet, Seth Bronquist, Ross Therian, Devin Schneider, Michael Halperin, Juliet Desch, and Team Ray Radio Andy. Lisa Mantineo, Scott Marlo, Jake Getz.
- [56:19]
Kelly Ripa
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- [57:17]
Belinda
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- [57:58]
J
Don't take Zepbound if allergic to it or if you or someone in your family had medullary thyroid cancer or multiple endocrine neoplasia syndrome type 2. Tell your doctor if you get a lump or swelling in your neck. Stop Zepbound and call your doctor if you have severe stomach pain or a serious allergic reaction. Severe side effects may include inflamed pancreas or gallbladder problems. Tell your doctor if you experience vision changes, depression or suicidal thoughts before scheduled procedures with anesthesia. If you're nursing pregnant, plan to be or taking birth control pills. Taking Zeppan with a sulfonylamylurea or insulin may cause low blood sugar. Side effects include nausea, diarrhea and vomiting, which can cause dehyd hydration and worsen kidney problems.
- [58:33]
Belinda
Discover the weight loss you could be bound for. Ask your healthcare provider about Zepbound or call 1-800-545-5979. Explore savings options regardless of insurance status at SaveOnZepbound.
- [58:45]
Jan Chalet
Com.
- [58:46]
Belinda
Terms and conditions apply.