{"version":"1.0.0","segments":[{"speaker":"Average Joe Finances","startTime":0.299,"endTime":3.0,"body":"Hey, welcome back"},{"speaker":"Average Joe Finances","startTime":0.299,"endTime":3.0,"body":"to the Average Joe Finances Podcast."},{"speaker":"Average Joe Finances","startTime":3.0,"endTime":7.5,"body":"I'm your host, Mike Cavaggioni and"},{"speaker":"Average Joe Finances","startTime":3.0,"endTime":7.5,"body":"today's guest is Christian Bishop."},{"speaker":"Average Joe Finances","startTime":7.5,"endTime":10.56,"body":"So Christian, I am super excited"},{"speaker":"Average Joe Finances","startTime":7.5,"endTime":10.56,"body":"to have you on the show with me."},{"speaker":"Average Joe Finances","startTime":10.56,"endTime":11.67,"body":"Thanks for joining me today."},{"speaker":"Christian Bishop","startTime":11.97,"endTime":13.06,"body":"Hey Mike,"},{"speaker":"Christian Bishop","startTime":11.97,"endTime":13.06,"body":"thank you for having me."},{"speaker":"Average Joe Finances","startTime":13.359,"endTime":14.049,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":14.049,"endTime":18.559,"body":"Hey I'd like to start this off the"},{"speaker":"Average Joe Finances","startTime":14.049,"endTime":18.559,"body":"same way I start every podcast episode"},{"speaker":"Average Joe Finances","startTime":18.559,"endTime":21.739,"body":"and ask you the same question I ask"},{"speaker":"Average Joe Finances","startTime":18.559,"endTime":21.739,"body":"everybody that comes on because we"},{"speaker":"Average Joe Finances","startTime":21.739,"endTime":23.599,"body":"wanna know about you, who you are."},{"speaker":"Average Joe Finances","startTime":23.899,"endTime":27.969,"body":"So if you could share your story, how"},{"speaker":"Average Joe Finances","startTime":23.899,"endTime":27.969,"body":"did you get started and especially"},{"speaker":"Average Joe Finances","startTime":27.969,"endTime":30.759,"body":"on your own, personal finance"},{"speaker":"Average Joe Finances","startTime":27.969,"endTime":30.759,"body":"and financial freedom journey."},{"speaker":"Christian Bishop","startTime":31.059,"endTime":31.749,"body":"Oh, no, that's great."},{"speaker":"Christian Bishop","startTime":31.749,"endTime":32.259,"body":"And thank you."},{"speaker":"Christian Bishop","startTime":32.409,"endTime":36.669,"body":"I started in the business, we'll say the"},{"speaker":"Christian Bishop","startTime":32.409,"endTime":36.669,"body":"financial sector 25 years ago, which is"},{"speaker":"Christian Bishop","startTime":36.669,"endTime":39.879,"body":"hard to believe it's been that long, but"},{"speaker":"Christian Bishop","startTime":36.669,"endTime":39.879,"body":"it's been a great and wonderful journey."},{"speaker":"Christian Bishop","startTime":40.179,"endTime":43.089,"body":"And I started in the business as"},{"speaker":"Christian Bishop","startTime":40.179,"endTime":43.089,"body":"a tax accountant and I realized"},{"speaker":"Christian Bishop","startTime":43.089,"endTime":46.599,"body":"very quickly, there are a lot of"},{"speaker":"Christian Bishop","startTime":43.089,"endTime":46.599,"body":"people out there who have no idea"},{"speaker":"Christian Bishop","startTime":46.849,"endTime":48.349,"body":"of what they're missing out on."},{"speaker":"Christian Bishop","startTime":48.649,"endTime":51.049,"body":"And I made it my mission to"},{"speaker":"Christian Bishop","startTime":48.649,"endTime":51.049,"body":"help people in that regard."},{"speaker":"Christian Bishop","startTime":51.349,"endTime":55.369,"body":"Later, I discovered that I also had"},{"speaker":"Christian Bishop","startTime":51.349,"endTime":55.369,"body":"a passion for investing in finance."},{"speaker":"Christian Bishop","startTime":55.669,"endTime":60.129,"body":"So I earned my certified financial"},{"speaker":"Christian Bishop","startTime":55.669,"endTime":60.129,"body":"planner designation and incorporated"},{"speaker":"Christian Bishop","startTime":60.129,"endTime":64.539,"body":"that into my practice and the last"},{"speaker":"Christian Bishop","startTime":60.129,"endTime":64.539,"body":"25 years as an enrolled agent,"},{"speaker":"Christian Bishop","startTime":64.839,"endTime":68.109,"body":"which is authorized to practice"},{"speaker":"Christian Bishop","startTime":64.839,"endTime":68.109,"body":"before the internal revenue service."},{"speaker":"Christian Bishop","startTime":68.289,"endTime":71.589,"body":"And as a certified financial"},{"speaker":"Christian Bishop","startTime":68.289,"endTime":71.589,"body":"planner, I've helped many clients"},{"speaker":"Christian Bishop","startTime":71.594,"endTime":72.489,"body":"reach their financial goals."},{"speaker":"Christian Bishop","startTime":72.789,"endTime":76.059,"body":"Not the least of which is along"},{"speaker":"Christian Bishop","startTime":72.789,"endTime":76.059,"body":"the way is making sure they don't"},{"speaker":"Christian Bishop","startTime":76.059,"endTime":78.819,"body":"pay a dime more than they have"},{"speaker":"Christian Bishop","startTime":76.059,"endTime":78.819,"body":"to, to the federal government."},{"speaker":"Christian Bishop","startTime":78.909,"endTime":80.889,"body":"Pay what you owe, but not a dime more."},{"speaker":"Average Joe Finances","startTime":81.039,"endTime":81.634,"body":"I love that."},{"speaker":"Average Joe Finances","startTime":81.634,"endTime":84.789,"body":"I love that because every time"},{"speaker":"Average Joe Finances","startTime":81.634,"endTime":84.789,"body":"you sit here and you get for the"},{"speaker":"Average Joe Finances","startTime":84.789,"endTime":87.249,"body":"people that are listening, they"},{"speaker":"Average Joe Finances","startTime":84.789,"endTime":87.249,"body":"get these big fat tax returns."},{"speaker":"Average Joe Finances","startTime":87.249,"endTime":89.854,"body":"They're like, oh look at this huge"},{"speaker":"Average Joe Finances","startTime":87.249,"endTime":89.854,"body":"tax return I got, I just got you"},{"speaker":"Average Joe Finances","startTime":89.854,"endTime":93.484,"body":"just gave that money as an interest"},{"speaker":"Average Joe Finances","startTime":89.854,"endTime":93.484,"body":"free loan to the federal government."},{"speaker":"Average Joe Finances","startTime":93.484,"endTime":95.014,"body":"So not doing too much there."},{"speaker":"Average Joe Finances","startTime":95.164,"endTime":97.414,"body":"There are other people who get"},{"speaker":"Average Joe Finances","startTime":95.164,"endTime":97.414,"body":"themselves in a situation where"},{"speaker":"Average Joe Finances","startTime":97.414,"endTime":98.734,"body":"they have to pay taxes every year."},{"speaker":"Average Joe Finances","startTime":99.034,"endTime":103.384,"body":"And I just reached that"},{"speaker":"Average Joe Finances","startTime":99.034,"endTime":103.384,"body":"milestone myself and had to pay."},{"speaker":"Average Joe Finances","startTime":103.654,"endTime":107.649,"body":"And as I, got more heavily involved"},{"speaker":"Average Joe Finances","startTime":103.654,"endTime":107.649,"body":"in investing and making more"},{"speaker":"Average Joe Finances","startTime":107.649,"endTime":110.949,"body":"money, this was something that I"},{"speaker":"Average Joe Finances","startTime":107.649,"endTime":110.949,"body":"found that I'm not a big fan of."},{"speaker":"Average Joe Finances","startTime":111.109,"endTime":112.819,"body":"I'd like to get into a"},{"speaker":"Average Joe Finances","startTime":111.109,"endTime":112.819,"body":"little bit about you."},{"speaker":"Average Joe Finances","startTime":113.104,"endTime":116.914,"body":"What you do, especially as an"},{"speaker":"Average Joe Finances","startTime":113.104,"endTime":116.914,"body":"enrolled agent to, to help people,"},{"speaker":"Average Joe Finances","startTime":117.064,"endTime":120.814,"body":"not pay more than a penny of what"},{"speaker":"Average Joe Finances","startTime":117.064,"endTime":120.814,"body":"they owe to the federal government."},{"speaker":"Christian Bishop","startTime":121.114,"endTime":121.804,"body":"Absolutely."},{"speaker":"Christian Bishop","startTime":121.804,"endTime":125.794,"body":"And here's the first thing I wanna"},{"speaker":"Christian Bishop","startTime":121.804,"endTime":125.794,"body":"congratulate you on having to pay taxes."},{"speaker":"Christian Bishop","startTime":125.914,"endTime":128.284,"body":"And the reason being is"},{"speaker":"Christian Bishop","startTime":125.914,"endTime":128.284,"body":"that means you made money."},{"speaker":"Christian Bishop","startTime":128.584,"endTime":133.594,"body":"And so while this seems counterintuitive"},{"speaker":"Christian Bishop","startTime":128.584,"endTime":133.594,"body":"to what I just said, but I really"},{"speaker":"Christian Bishop","startTime":133.594,"endTime":137.078,"body":"hope that you pay a million dollars"},{"speaker":"Christian Bishop","startTime":133.594,"endTime":137.078,"body":"in income taxes next year because"},{"speaker":"Christian Bishop","startTime":137.078,"endTime":140.948,"body":"you made way more than that, but"},{"speaker":"Christian Bishop","startTime":137.078,"endTime":140.948,"body":"again, we don't wanna pay more."},{"speaker":"Christian Bishop","startTime":141.038,"endTime":145.568,"body":"And that's where a lot of what I do helps"},{"speaker":"Christian Bishop","startTime":141.038,"endTime":145.568,"body":"people because yeah, we have to pay taxes"},{"speaker":"Christian Bishop","startTime":145.568,"endTime":148.928,"body":"if we make money, but let's make sure"},{"speaker":"Christian Bishop","startTime":145.568,"endTime":148.928,"body":"we're not paying any more than we have"},{"speaker":"Christian Bishop","startTime":148.933,"endTime":152.798,"body":"to make sure we find every deduction,"},{"speaker":"Christian Bishop","startTime":148.933,"endTime":152.798,"body":"every credit, arrange our affairs"},{"speaker":"Christian Bishop","startTime":152.803,"endTime":154.568,"body":"in such a way as to minimize taxes."},{"speaker":"Christian Bishop","startTime":154.628,"endTime":158.108,"body":"And then when it is time to pay,"},{"speaker":"Christian Bishop","startTime":154.628,"endTime":158.108,"body":"there's some better ways to pay"},{"speaker":"Christian Bishop","startTime":158.108,"endTime":160.088,"body":"and some not so good ways to pay."},{"speaker":"Christian Bishop","startTime":160.238,"endTime":161.908,"body":"And maybe we'll talk"},{"speaker":"Christian Bishop","startTime":160.238,"endTime":161.908,"body":"about that as we go along."},{"speaker":"Average Joe Finances","startTime":161.928,"endTime":163.848,"body":"Actually, yeah"},{"speaker":"Average Joe Finances","startTime":161.928,"endTime":163.848,"body":"let's get into that because, I've"},{"speaker":"Average Joe Finances","startTime":163.848,"endTime":165.833,"body":"heard of different, there's different"},{"speaker":"Average Joe Finances","startTime":163.848,"endTime":165.833,"body":"ways where you could have these"},{"speaker":"Average Joe Finances","startTime":165.833,"endTime":168.683,"body":"payment plans and this pay over time."},{"speaker":"Average Joe Finances","startTime":168.688,"endTime":171.863,"body":"If you don't wanna just pay all this"},{"speaker":"Average Joe Finances","startTime":168.688,"endTime":171.863,"body":"one lump sum, what would you say"},{"speaker":"Average Joe Finances","startTime":171.868,"endTime":175.313,"body":"would could that be a problem if"},{"speaker":"Average Joe Finances","startTime":171.868,"endTime":175.313,"body":"somebody decides to make payments,"},{"speaker":"Average Joe Finances","startTime":175.313,"endTime":176.753,"body":"instead of just paying it all at once?"},{"speaker":"Christian Bishop","startTime":177.053,"endTime":179.063,"body":"It"},{"speaker":"Christian Bishop","startTime":177.053,"endTime":179.063,"body":"can be, but it depends."},{"speaker":"Christian Bishop","startTime":179.273,"endTime":184.193,"body":"If you're making the payments before"},{"speaker":"Christian Bishop","startTime":179.273,"endTime":184.193,"body":"they're due, meaning estimated quarterly"},{"speaker":"Christian Bishop","startTime":184.193,"endTime":187.523,"body":"payments, you might hear some people"},{"speaker":"Christian Bishop","startTime":184.193,"endTime":187.523,"body":"who are, self-employed talk about,"},{"speaker":"Christian Bishop","startTime":187.823,"endTime":189.833,"body":"oh, I have to do my quarterlies."},{"speaker":"Christian Bishop","startTime":190.033,"endTime":194.503,"body":"That's a broad term, but basically"},{"speaker":"Christian Bishop","startTime":190.033,"endTime":194.503,"body":"they're paying ahead of time and"},{"speaker":"Christian Bishop","startTime":194.503,"endTime":198.373,"body":"it helps them avoid penalties and"},{"speaker":"Christian Bishop","startTime":194.503,"endTime":198.373,"body":"interest for paying after the fact."},{"speaker":"Christian Bishop","startTime":198.673,"endTime":201.809,"body":"But like a lot of successful people"},{"speaker":"Christian Bishop","startTime":198.673,"endTime":201.809,"body":"who are in business, the first"},{"speaker":"Christian Bishop","startTime":201.809,"endTime":204.749,"body":"year they discovered they actually"},{"speaker":"Christian Bishop","startTime":201.809,"endTime":204.749,"body":"owe, they didn't plan on it."},{"speaker":"Christian Bishop","startTime":204.869,"endTime":208.319,"body":"They had no idea, but they did really"},{"speaker":"Christian Bishop","startTime":204.869,"endTime":208.319,"body":"well with whatever it was that they"},{"speaker":"Christian Bishop","startTime":208.319,"endTime":210.329,"body":"were producing or making or consulting."},{"speaker":"Christian Bishop","startTime":210.629,"endTime":213.809,"body":"Tax time rolls around and their"},{"speaker":"Christian Bishop","startTime":210.629,"endTime":213.809,"body":"accountant or their software"},{"speaker":"Christian Bishop","startTime":213.809,"endTime":216.149,"body":"tells them, Hey, you owe $12,000."},{"speaker":"Christian Bishop","startTime":216.419,"endTime":220.649,"body":"And they're like, oh my gosh, I already"},{"speaker":"Christian Bishop","startTime":216.419,"endTime":220.649,"body":"spent that money because I reinvested"},{"speaker":"Christian Bishop","startTime":220.654,"endTime":222.299,"body":"in my business or whatever it was."},{"speaker":"Christian Bishop","startTime":222.599,"endTime":226.109,"body":"So in that case, you are making"},{"speaker":"Christian Bishop","startTime":222.599,"endTime":226.109,"body":"payments, but those payments"},{"speaker":"Christian Bishop","startTime":226.169,"endTime":227.759,"body":"are gonna include some interest."},{"speaker":"Christian Bishop","startTime":228.029,"endTime":230.459,"body":"But if you do it right, you can"},{"speaker":"Christian Bishop","startTime":228.029,"endTime":230.459,"body":"avoid a lot of the penalties."},{"speaker":"Christian Bishop","startTime":230.759,"endTime":235.139,"body":"And one of the most important things"},{"speaker":"Christian Bishop","startTime":230.759,"endTime":235.139,"body":"you can always do, file on time."},{"speaker":"Christian Bishop","startTime":235.439,"endTime":239.909,"body":"If you have to file an extensions,"},{"speaker":"Christian Bishop","startTime":235.439,"endTime":239.909,"body":"extensions are not extensions to pay."},{"speaker":"Christian Bishop","startTime":240.209,"endTime":241.229,"body":"They're just to file."},{"speaker":"Christian Bishop","startTime":241.379,"endTime":242.969,"body":"So you make an estimated payment."},{"speaker":"Christian Bishop","startTime":243.269,"endTime":246.149,"body":"If you find yourself in that"},{"speaker":"Christian Bishop","startTime":243.269,"endTime":246.149,"body":"situation where you just don't have"},{"speaker":"Christian Bishop","startTime":246.154,"endTime":250.409,"body":"the money, the interest that the"},{"speaker":"Christian Bishop","startTime":246.154,"endTime":250.409,"body":"IRS charges in many cases is greater"},{"speaker":"Christian Bishop","startTime":250.409,"endTime":252.059,"body":"than what some credit cards charge."},{"speaker":"Christian Bishop","startTime":252.359,"endTime":257.239,"body":"So while I hate saying this because I'm"},{"speaker":"Christian Bishop","startTime":252.359,"endTime":257.239,"body":"a financial planner too, sometimes I say,"},{"speaker":"Christian Bishop","startTime":257.489,"endTime":259.649,"body":"pay the government, use that credit card."},{"speaker":"Christian Bishop","startTime":259.949,"endTime":262.919,"body":"If you have a good one and have a decent"},{"speaker":"Christian Bishop","startTime":259.949,"endTime":262.919,"body":"interest rate, because it's gonna be"},{"speaker":"Christian Bishop","startTime":262.919,"endTime":266.129,"body":"lower than what the feds charge you,"},{"speaker":"Christian Bishop","startTime":262.919,"endTime":266.129,"body":"but that's all part of the process."},{"speaker":"Christian Bishop","startTime":266.289,"endTime":271.269,"body":"It's best to pay upfront and pay as you"},{"speaker":"Christian Bishop","startTime":266.289,"endTime":271.269,"body":"go using estimated quarterly payments."},{"speaker":"Average Joe Finances","startTime":271.569,"endTime":272.589,"body":"Okay, fantastic."},{"speaker":"Average Joe Finances","startTime":272.589,"endTime":275.229,"body":"That's great to know, and, one of"},{"speaker":"Average Joe Finances","startTime":272.589,"endTime":275.229,"body":"the things I also do on the side"},{"speaker":"Average Joe Finances","startTime":275.229,"endTime":278.739,"body":"besides being in the Navy I'm"},{"speaker":"Average Joe Finances","startTime":275.229,"endTime":278.739,"body":"actually a real estate agent and"},{"speaker":"Average Joe Finances","startTime":278.744,"endTime":280.659,"body":"I'm gonna be doing that full time."},{"speaker":"Average Joe Finances","startTime":280.709,"endTime":284.849,"body":"Once, once I retire and I found that,"},{"speaker":"Average Joe Finances","startTime":280.709,"endTime":284.849,"body":"All my counterparts that's what they do."},{"speaker":"Average Joe Finances","startTime":284.849,"endTime":285.779,"body":"They pay quarterly."},{"speaker":"Average Joe Finances","startTime":285.829,"endTime":288.049,"body":"And they make sure that they"},{"speaker":"Average Joe Finances","startTime":285.829,"endTime":288.049,"body":"stay on top of that stuff."},{"speaker":"Average Joe Finances","startTime":288.049,"endTime":290.989,"body":"So the not at the end of the year,"},{"speaker":"Average Joe Finances","startTime":288.049,"endTime":290.989,"body":"trying to scramble, and say, figure"},{"speaker":"Average Joe Finances","startTime":290.989,"endTime":292.219,"body":"out how they're gonna pay their taxes."},{"speaker":"Average Joe Finances","startTime":292.219,"endTime":293.959,"body":"That's definitely a"},{"speaker":"Average Joe Finances","startTime":292.219,"endTime":293.959,"body":"great way to think of it."},{"speaker":"Average Joe Finances","startTime":293.959,"endTime":296.459,"body":"It's all about having your plan"},{"speaker":"Average Joe Finances","startTime":293.959,"endTime":296.459,"body":"throughout the year, it's something"},{"speaker":"Average Joe Finances","startTime":296.459,"endTime":298.439,"body":"that we talk about this podcast a lot."},{"speaker":"Average Joe Finances","startTime":298.739,"endTime":301.949,"body":"Just in planning in general, whether"},{"speaker":"Average Joe Finances","startTime":298.739,"endTime":301.949,"body":"it's your finances, what type of"},{"speaker":"Average Joe Finances","startTime":301.949,"endTime":304.739,"body":"investment plan you wanna be in,"},{"speaker":"Average Joe Finances","startTime":301.949,"endTime":304.739,"body":"there's so many different things"},{"speaker":"Average Joe Finances","startTime":304.739,"endTime":306.239,"body":"that we plan for even our own day."},{"speaker":"Average Joe Finances","startTime":306.269,"endTime":308.909,"body":"You make your schedule, you plan out"},{"speaker":"Average Joe Finances","startTime":306.269,"endTime":308.909,"body":"your day, you plan out your week,"},{"speaker":"Average Joe Finances","startTime":309.209,"endTime":310.984,"body":"people time chunk and time block."},{"speaker":"Average Joe Finances","startTime":311.139,"endTime":314.019,"body":"But not a lot of people sit"},{"speaker":"Average Joe Finances","startTime":311.139,"endTime":314.019,"body":"down and think about I need to"},{"speaker":"Average Joe Finances","startTime":314.019,"endTime":315.399,"body":"plan for my taxes for the year."},{"speaker":"Average Joe Finances","startTime":315.449,"endTime":318.029,"body":"They're more focused on the"},{"speaker":"Average Joe Finances","startTime":315.449,"endTime":318.029,"body":"end game, the end goal, right?"},{"speaker":"Average Joe Finances","startTime":318.079,"endTime":319.819,"body":"What kind of profits am"},{"speaker":"Average Joe Finances","startTime":318.079,"endTime":319.819,"body":"I gonna make this year?"},{"speaker":"Average Joe Finances","startTime":319.979,"endTime":321.809,"body":"Those profits are gonna get taxed."},{"speaker":"Average Joe Finances","startTime":322.049,"endTime":324.099,"body":"So that's definitely something"},{"speaker":"Average Joe Finances","startTime":322.049,"endTime":324.099,"body":"you wanna plan for as well."},{"speaker":"Average Joe Finances","startTime":324.099,"endTime":326.859,"body":"So is that something that"},{"speaker":"Average Joe Finances","startTime":324.099,"endTime":326.859,"body":"you also help people do?"},{"speaker":"Average Joe Finances","startTime":326.859,"endTime":330.709,"body":"Come up with a good, spending plan"},{"speaker":"Average Joe Finances","startTime":326.859,"endTime":330.709,"body":"when, and when I say spending plan,"},{"speaker":"Average Joe Finances","startTime":330.709,"endTime":333.879,"body":"spending plan for for their taxes, you"},{"speaker":"Average Joe Finances","startTime":330.709,"endTime":333.879,"body":"help people come up with a good plan"},{"speaker":"Average Joe Finances","startTime":333.879,"endTime":336.164,"body":"to make sure that they're making their"},{"speaker":"Average Joe Finances","startTime":333.879,"endTime":336.164,"body":"quarterly payments or anything like that?"},{"speaker":"Christian Bishop","startTime":336.401,"endTime":336.791,"body":"Yeah."},{"speaker":"Christian Bishop","startTime":336.791,"endTime":337.751,"body":"And yes."},{"speaker":"Christian Bishop","startTime":337.841,"endTime":340.121,"body":"And one of the things that you"},{"speaker":"Christian Bishop","startTime":337.841,"endTime":340.121,"body":"just touched on made me think of"},{"speaker":"Christian Bishop","startTime":340.121,"endTime":341.201,"body":"something that's so important."},{"speaker":"Christian Bishop","startTime":341.501,"endTime":345.161,"body":"If you're just starting out doing an"},{"speaker":"Christian Bishop","startTime":341.501,"endTime":345.161,"body":"activity and whatever it is, consulting"},{"speaker":"Christian Bishop","startTime":345.161,"endTime":347.531,"body":"real estate mowing, lawns, whatever."},{"speaker":"Christian Bishop","startTime":347.621,"endTime":348.011,"body":"Okay."},{"speaker":"Christian Bishop","startTime":348.011,"endTime":352.211,"body":"Any business you've gotta remember that"},{"speaker":"Christian Bishop","startTime":348.011,"endTime":352.211,"body":"the money you make, it's not all yours."},{"speaker":"Christian Bishop","startTime":352.511,"endTime":357.546,"body":"Part of that is the federal government and"},{"speaker":"Christian Bishop","startTime":352.511,"endTime":357.546,"body":"a lot of  entrepreneurs or the folks who"},{"speaker":"Christian Bishop","startTime":357.546,"endTime":359.946,"body":"are just starting a little side business,"},{"speaker":"Christian Bishop","startTime":357.546,"endTime":359.946,"body":"don't even think they're an entrepreneur."},{"speaker":"Christian Bishop","startTime":360.246,"endTime":363.366,"body":"They think that money's theirs and"},{"speaker":"Christian Bishop","startTime":360.246,"endTime":363.366,"body":"it isn't now most of it is after you"},{"speaker":"Christian Bishop","startTime":363.366,"endTime":365.676,"body":"pay everybody else, you get to keep"},{"speaker":"Christian Bishop","startTime":363.366,"endTime":365.676,"body":"the bigger chunk, but there is an"},{"speaker":"Christian Bishop","startTime":365.676,"endTime":369.306,"body":"amount there that is the governments,"},{"speaker":"Christian Bishop","startTime":365.676,"endTime":369.306,"body":"and that part should be set aside."},{"speaker":"Christian Bishop","startTime":369.606,"endTime":373.596,"body":"And what you just touched on, I"},{"speaker":"Christian Bishop","startTime":369.606,"endTime":373.596,"body":"find a lot of folks don't plan that."},{"speaker":"Christian Bishop","startTime":373.896,"endTime":377.966,"body":"In fact, I dealt with a young lady"},{"speaker":"Christian Bishop","startTime":373.896,"endTime":377.966,"body":"recently who is doing some consulting,"},{"speaker":"Christian Bishop","startTime":377.966,"endTime":379.706,"body":"social media, marketing, things like that."},{"speaker":"Christian Bishop","startTime":380.006,"endTime":381.346,"body":"And she's starting to make some money."},{"speaker":"Christian Bishop","startTime":381.513,"endTime":385.413,"body":"She wasn't charging enough because she's"},{"speaker":"Christian Bishop","startTime":381.513,"endTime":385.413,"body":"thinking in her mind, that's her money,"},{"speaker":"Christian Bishop","startTime":385.713,"endTime":389.463,"body":"but she's forgetting about, and it'll"},{"speaker":"Christian Bishop","startTime":385.713,"endTime":389.463,"body":"vary for every person, but approximately"},{"speaker":"Christian Bishop","startTime":389.463,"endTime":391.863,"body":"20 to 30% will be the government's money."},{"speaker":"Christian Bishop","startTime":392.163,"endTime":393.543,"body":"So she needs to raise her rates."},{"speaker":"Christian Bishop","startTime":393.543,"endTime":395.583,"body":"And I told her this and she"},{"speaker":"Christian Bishop","startTime":393.543,"endTime":395.583,"body":"never even thought of that."},{"speaker":"Christian Bishop","startTime":395.883,"endTime":399.513,"body":"So yes, that planning is important, making"},{"speaker":"Christian Bishop","startTime":395.883,"endTime":399.513,"body":"sure you set aside some of that money,"},{"speaker":"Christian Bishop","startTime":399.813,"endTime":401.383,"body":"but you actually have to price that in."},{"speaker":"Christian Bishop","startTime":401.553,"endTime":406.023,"body":"Now, real estate and what you're doing,"},{"speaker":"Christian Bishop","startTime":401.553,"endTime":406.023,"body":"I realize that's a little different when"},{"speaker":"Christian Bishop","startTime":406.023,"endTime":410.613,"body":"you are making money, doing that business"},{"speaker":"Christian Bishop","startTime":406.023,"endTime":410.613,"body":"is some pre-established norms of what you"},{"speaker":"Christian Bishop","startTime":410.618,"endTime":413.183,"body":"charge in fees, commissions, whatever."},{"speaker":"Christian Bishop","startTime":413.483,"endTime":415.103,"body":"So you can only vary that somewhat."},{"speaker":"Christian Bishop","startTime":415.403,"endTime":416.243,"body":"I realize that."},{"speaker":"Christian Bishop","startTime":416.543,"endTime":421.548,"body":"but you've gotta make sure you set aside a"},{"speaker":"Christian Bishop","startTime":416.543,"endTime":421.548,"body":"portion of that is the government's money."},{"speaker":"Christian Bishop","startTime":421.698,"endTime":425.768,"body":"Now you'll get plenty of write offs and"},{"speaker":"Christian Bishop","startTime":421.698,"endTime":425.768,"body":"hopefully after discussion to today."},{"speaker":"Christian Bishop","startTime":426.068,"endTime":429.788,"body":"And maybe if you pick up my book,"},{"speaker":"Christian Bishop","startTime":426.068,"endTime":429.788,"body":"hidden cash uncovered, you'll find"},{"speaker":"Christian Bishop","startTime":429.793,"endTime":433.488,"body":"lots of tips that can help you along"},{"speaker":"Christian Bishop","startTime":429.793,"endTime":433.488,"body":"the way because again, you don't wanna"},{"speaker":"Christian Bishop","startTime":433.493,"endTime":437.118,"body":"pay more than you have to, but you've"},{"speaker":"Christian Bishop","startTime":433.493,"endTime":437.118,"body":"gotta set aside some that's gonna be"},{"speaker":"Christian Bishop","startTime":437.118,"endTime":440.328,"body":"for the government and plan out those"},{"speaker":"Christian Bishop","startTime":437.118,"endTime":440.328,"body":"quarterly payments part of your budget."},{"speaker":"Christian Bishop","startTime":440.508,"endTime":442.218,"body":"Just like you make a mortgage payment."},{"speaker":"Christian Bishop","startTime":442.398,"endTime":444.818,"body":"Quarterlies are only,"},{"speaker":"Christian Bishop","startTime":442.398,"endTime":444.818,"body":"quarterly, but same idea."},{"speaker":"Average Joe Finances","startTime":445.038,"endTime":445.818,"body":"Absolutely."},{"speaker":"Average Joe Finances","startTime":445.818,"endTime":446.358,"body":"Absolutely."},{"speaker":"Average Joe Finances","startTime":446.358,"endTime":449.833,"body":"The same way you would treat your typical"},{"speaker":"Average Joe Finances","startTime":446.358,"endTime":449.833,"body":"monthly expenses, just, Hey, for every"},{"speaker":"Average Joe Finances","startTime":449.833,"endTime":453.193,"body":"three months, it's gonna be this amount"},{"speaker":"Average Joe Finances","startTime":449.833,"endTime":453.193,"body":"that you're gonna put towards your taxes,"},{"speaker":"Average Joe Finances","startTime":453.198,"endTime":456.473,"body":"or you're gonna chunk towards your taxes"},{"speaker":"Average Joe Finances","startTime":453.198,"endTime":456.473,"body":"and what I see a lot of people doing"},{"speaker":"Average Joe Finances","startTime":456.473,"endTime":460.008,"body":"what I like to do with my commissions"},{"speaker":"Average Joe Finances","startTime":456.473,"endTime":460.008,"body":"as well is take about 33% of it, so"},{"speaker":"Average Joe Finances","startTime":460.013,"endTime":464.458,"body":"one third, and just put that to the"},{"speaker":"Average Joe Finances","startTime":460.013,"endTime":464.458,"body":"side just as a safe spot to, to do it."},{"speaker":"Average Joe Finances","startTime":464.458,"endTime":466.168,"body":"So yeah that's absolutely fantastic."},{"speaker":"Average Joe Finances","startTime":466.168,"endTime":467.848,"body":"And definitely appreciate"},{"speaker":"Average Joe Finances","startTime":466.168,"endTime":467.848,"body":"that perspective."},{"speaker":"Average Joe Finances","startTime":468.148,"endTime":472.528,"body":"Now, and I'm sure you have clients from"},{"speaker":"Average Joe Finances","startTime":468.148,"endTime":472.528,"body":"all different walks of life, from people"},{"speaker":"Average Joe Finances","startTime":472.528,"endTime":477.278,"body":"that have the standard W2, to people"},{"speaker":"Average Joe Finances","startTime":472.528,"endTime":477.278,"body":"that, have started off a small business"},{"speaker":"Average Joe Finances","startTime":477.518,"endTime":479.708,"body":"to other people who invest in real estate."},{"speaker":"Average Joe Finances","startTime":479.708,"endTime":481.363,"body":"So I'm pretty sure you've"},{"speaker":"Average Joe Finances","startTime":479.708,"endTime":481.363,"body":"dealt with them as well."},{"speaker":"Average Joe Finances","startTime":481.663,"endTime":486.598,"body":"Now I wanted to ask you are there"},{"speaker":"Average Joe Finances","startTime":481.663,"endTime":486.598,"body":"different ways or better ways to be"},{"speaker":"Average Joe Finances","startTime":486.658,"endTime":489.958,"body":"advantageous when it comes to tax savings?"},{"speaker":"Average Joe Finances","startTime":490.108,"endTime":493.641,"body":"What would you say, as some of the"},{"speaker":"Average Joe Finances","startTime":490.108,"endTime":493.641,"body":"more common things versus some of"},{"speaker":"Average Joe Finances","startTime":493.641,"endTime":497.661,"body":"more of the uncommon things that"},{"speaker":"Average Joe Finances","startTime":493.641,"endTime":497.661,"body":"you see people do to save on taxes?"},{"speaker":"Christian Bishop","startTime":497.961,"endTime":501.411,"body":"Every"},{"speaker":"Christian Bishop","startTime":497.961,"endTime":501.411,"body":"industry has its own, we'll say"},{"speaker":"Christian Bishop","startTime":501.501,"endTime":503.271,"body":"deductions associated with it."},{"speaker":"Christian Bishop","startTime":503.541,"endTime":506.181,"body":"And then there's the deductions"},{"speaker":"Christian Bishop","startTime":503.541,"endTime":506.181,"body":"that, that help everybody."},{"speaker":"Christian Bishop","startTime":506.481,"endTime":509.491,"body":"As a real estate person, one of"},{"speaker":"Christian Bishop","startTime":506.481,"endTime":509.491,"body":"the things that you will come"},{"speaker":"Christian Bishop","startTime":509.491,"endTime":511.611,"body":"up with often is marketing."},{"speaker":"Christian Bishop","startTime":511.911,"endTime":514.071,"body":"You're gonna spend a fair"},{"speaker":"Christian Bishop","startTime":511.911,"endTime":514.071,"body":"amount of money in marketing."},{"speaker":"Christian Bishop","startTime":514.161,"endTime":516.831,"body":"Now, a lot of businesses do"},{"speaker":"Christian Bishop","startTime":514.161,"endTime":516.831,"body":"have marketing, but not all do."},{"speaker":"Christian Bishop","startTime":517.131,"endTime":522.321,"body":"And you have to be again within the"},{"speaker":"Christian Bishop","startTime":517.131,"endTime":522.321,"body":"law, but creative and examples of that"},{"speaker":"Christian Bishop","startTime":522.321,"endTime":526.251,"body":"in the real estate world is every time"},{"speaker":"Christian Bishop","startTime":522.321,"endTime":526.251,"body":"you're going to lunch or dinner with"},{"speaker":"Christian Bishop","startTime":526.256,"endTime":532.281,"body":"somebody, almost every time, if you're a"},{"speaker":"Christian Bishop","startTime":526.256,"endTime":532.281,"body":"realtor, you live and breathe real estate."},{"speaker":"Christian Bishop","startTime":532.491,"endTime":534.021,"body":"You're talking about real estate."},{"speaker":"Christian Bishop","startTime":534.051,"endTime":538.341,"body":"If it's a friend, a relative"},{"speaker":"Christian Bishop","startTime":534.051,"endTime":538.341,"body":"or an actual client prospect."},{"speaker":"Christian Bishop","startTime":538.641,"endTime":540.521,"body":"So those meals have a deduction."},{"speaker":"Christian Bishop","startTime":540.821,"endTime":542.441,"body":"And so you wanna keep track of that."},{"speaker":"Christian Bishop","startTime":542.471,"endTime":545.801,"body":"You wanna keep certain notes on it,"},{"speaker":"Christian Bishop","startTime":542.471,"endTime":545.801,"body":"there's rules around this stuff."},{"speaker":"Christian Bishop","startTime":546.101,"endTime":548.351,"body":"But I noticed that a lot"},{"speaker":"Christian Bishop","startTime":546.101,"endTime":548.351,"body":"of realtors don't do that."},{"speaker":"Christian Bishop","startTime":548.381,"endTime":549.371,"body":"They're so busy."},{"speaker":"Christian Bishop","startTime":549.671,"endTime":551.921,"body":"They're not concentrating"},{"speaker":"Christian Bishop","startTime":549.671,"endTime":551.921,"body":"on that until tax time."},{"speaker":"Christian Bishop","startTime":552.161,"endTime":554.561,"body":"And then they see their tax bill"},{"speaker":"Christian Bishop","startTime":552.161,"endTime":554.561,"body":"and they're like, oh my gosh,"},{"speaker":"Christian Bishop","startTime":554.861,"endTime":556.631,"body":"the other thing is vehicle use."},{"speaker":"Christian Bishop","startTime":556.691,"endTime":558.941,"body":"Realtors put a ton of"},{"speaker":"Christian Bishop","startTime":556.691,"endTime":558.941,"body":"miles on their vehicles."},{"speaker":"Christian Bishop","startTime":559.181,"endTime":560.651,"body":"And then they've got a choice."},{"speaker":"Christian Bishop","startTime":560.681,"endTime":564.036,"body":"There's some mileage"},{"speaker":"Christian Bishop","startTime":560.681,"endTime":564.036,"body":"rate or actual expenses."},{"speaker":"Christian Bishop","startTime":564.306,"endTime":565.746,"body":"Each person is individual."},{"speaker":"Christian Bishop","startTime":565.806,"endTime":569.826,"body":"I don't really wanna say which one is best"},{"speaker":"Christian Bishop","startTime":565.806,"endTime":569.826,"body":"because it depends, but that's something"},{"speaker":"Christian Bishop","startTime":569.826,"endTime":571.356,"body":"that they don't always keep track of."},{"speaker":"Christian Bishop","startTime":571.656,"endTime":576.066,"body":"In audit, the first thing the IRS will"},{"speaker":"Christian Bishop","startTime":571.656,"endTime":576.066,"body":"ask for, okay let me see your audit book."},{"speaker":"Christian Bishop","startTime":576.066,"endTime":577.236,"body":"I mean your mileage book."},{"speaker":"Christian Bishop","startTime":577.536,"endTime":580.666,"body":"And then the realtor looks at 'em with a"},{"speaker":"Christian Bishop","startTime":577.536,"endTime":580.666,"body":"blank stare on the face, saying what . And"},{"speaker":"Christian Bishop","startTime":580.846,"endTime":583.036,"body":"that's just a known thing in our industry."},{"speaker":"Christian Bishop","startTime":583.036,"endTime":587.446,"body":"You've gotta keep some records because"},{"speaker":"Christian Bishop","startTime":583.036,"endTime":587.446,"body":"how do you know you went 22,000 miles?"},{"speaker":"Christian Bishop","startTime":587.746,"endTime":591.046,"body":"So realtors, just giving that as the"},{"speaker":"Christian Bishop","startTime":587.746,"endTime":591.046,"body":"example, some of the biggest things"},{"speaker":"Christian Bishop","startTime":591.046,"endTime":593.476,"body":"are vehicle use marketing is huge."},{"speaker":"Christian Bishop","startTime":593.636,"endTime":596.216,"body":"Then if they're real successful,"},{"speaker":"Christian Bishop","startTime":593.636,"endTime":596.216,"body":"they start hiring staff."},{"speaker":"Christian Bishop","startTime":596.516,"endTime":598.236,"body":"These apply to other industries too."},{"speaker":"Christian Bishop","startTime":598.536,"endTime":600.276,"body":"That's just scratching the surface."},{"speaker":"Christian Bishop","startTime":600.576,"endTime":601.946,"body":"You have to think creative."},{"speaker":"Christian Bishop","startTime":602.246,"endTime":606.596,"body":"The other thing is, and this is goes"},{"speaker":"Christian Bishop","startTime":602.246,"endTime":606.596,"body":"almost every industry, you're young yet."},{"speaker":"Christian Bishop","startTime":606.836,"endTime":609.686,"body":"And a lot of your listeners are young"},{"speaker":"Christian Bishop","startTime":606.836,"endTime":609.686,"body":"and viewers are young and some are a"},{"speaker":"Christian Bishop","startTime":609.686,"endTime":611.186,"body":"little bit more mature like myself."},{"speaker":"Christian Bishop","startTime":611.336,"endTime":614.966,"body":"You gotta think about retirement"},{"speaker":"Christian Bishop","startTime":611.336,"endTime":614.966,"body":"and in that is there's tax advantage"},{"speaker":"Christian Bishop","startTime":614.966,"endTime":616.976,"body":"ways to put away some of your money."},{"speaker":"Christian Bishop","startTime":617.276,"endTime":618.596,"body":"Now everybody's different."},{"speaker":"Christian Bishop","startTime":618.896,"endTime":622.826,"body":"Every situation is different, but"},{"speaker":"Christian Bishop","startTime":618.896,"endTime":622.826,"body":"self-employed people have more"},{"speaker":"Christian Bishop","startTime":622.826,"endTime":625.396,"body":"options than those who have W2 wages."},{"speaker":"Christian Bishop","startTime":625.696,"endTime":628.456,"body":"So they should be"},{"speaker":"Christian Bishop","startTime":625.696,"endTime":628.456,"body":"thinking about step IRAs."},{"speaker":"Christian Bishop","startTime":628.756,"endTime":633.106,"body":"Simple IRAs, solo 401ks,"},{"speaker":"Christian Bishop","startTime":628.756,"endTime":633.106,"body":"and the list goes on."},{"speaker":"Christian Bishop","startTime":633.406,"endTime":637.136,"body":"If you're a W2 wage, earner, that"},{"speaker":"Christian Bishop","startTime":633.406,"endTime":637.136,"body":"scenario is usually limited to"},{"speaker":"Christian Bishop","startTime":637.141,"endTime":638.576,"body":"what your employer might offer you."},{"speaker":"Christian Bishop","startTime":638.756,"endTime":640.616,"body":"401k is simple, IRA, et cetera."},{"speaker":"Christian Bishop","startTime":640.766,"endTime":642.236,"body":"But the same idea applies."},{"speaker":"Christian Bishop","startTime":642.536,"endTime":644.456,"body":"Also thinking about if you have children."},{"speaker":"Christian Bishop","startTime":644.636,"endTime":647.636,"body":"In my book, I highlight one"},{"speaker":"Christian Bishop","startTime":644.636,"endTime":647.636,"body":"of the greatest things I think"},{"speaker":"Christian Bishop","startTime":647.636,"endTime":651.296,"body":"in the tax code that the IRS"},{"speaker":"Christian Bishop","startTime":647.636,"endTime":651.296,"body":"actually has in their manuals."},{"speaker":"Christian Bishop","startTime":651.536,"endTime":654.536,"body":"They actually talk about"},{"speaker":"Christian Bishop","startTime":651.536,"endTime":654.536,"body":"this is hiring your children."},{"speaker":"Christian Bishop","startTime":654.836,"endTime":658.316,"body":"Now you have to follow certain"},{"speaker":"Christian Bishop","startTime":654.836,"endTime":658.316,"body":"government laws about children in the"},{"speaker":"Christian Bishop","startTime":658.316,"endTime":659.996,"body":"industry of whatever it is you do."},{"speaker":"Christian Bishop","startTime":660.296,"endTime":663.746,"body":"If you're in a hazardous industry,"},{"speaker":"Christian Bishop","startTime":660.296,"endTime":663.746,"body":"there's age requirements, a realtor"},{"speaker":"Christian Bishop","startTime":663.746,"endTime":668.216,"body":"might have a child work in their office,"},{"speaker":"Christian Bishop","startTime":663.746,"endTime":668.216,"body":"doing cleaning and filing, et cetera,"},{"speaker":"Christian Bishop","startTime":668.216,"endTime":673.016,"body":"maybe make some phone calls, but hiring"},{"speaker":"Christian Bishop","startTime":668.216,"endTime":673.016,"body":"your children can be a huge tax savings."},{"speaker":"Christian Bishop","startTime":673.316,"endTime":675.566,"body":"If you're self-employed"},{"speaker":"Christian Bishop","startTime":673.316,"endTime":675.566,"body":"or have a business."},{"speaker":"Christian Bishop","startTime":675.866,"endTime":677.276,"body":"Now, if you're a W2 wage earner."},{"speaker":"Christian Bishop","startTime":677.576,"endTime":679.676,"body":"Probably not right, unless"},{"speaker":"Christian Bishop","startTime":677.576,"endTime":679.676,"body":"you own the company."},{"speaker":"Christian Bishop","startTime":679.976,"endTime":684.356,"body":"So I think the list goes on and on"},{"speaker":"Christian Bishop","startTime":679.976,"endTime":684.356,"body":"and we could spend about 12 hours"},{"speaker":"Christian Bishop","startTime":684.356,"endTime":685.976,"body":"and we'll just scratch the surface."},{"speaker":"Christian Bishop","startTime":686.126,"endTime":690.176,"body":"But I get excited about this"},{"speaker":"Christian Bishop","startTime":686.126,"endTime":690.176,"body":"because those who do no planning and"},{"speaker":"Christian Bishop","startTime":690.176,"endTime":693.586,"body":"don't look for these opportunities"},{"speaker":"Christian Bishop","startTime":690.176,"endTime":693.586,"body":"will pay more in taxes, period."},{"speaker":"Average Joe Finances","startTime":693.886,"endTime":694.786,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":694.786,"endTime":696.736,"body":"And the government really"},{"speaker":"Average Joe Finances","startTime":694.786,"endTime":696.736,"body":"likes those people."},{"speaker":"Average Joe Finances","startTime":696.886,"endTime":698.581,"body":"So actually, I'd like to"},{"speaker":"Average Joe Finances","startTime":696.886,"endTime":698.581,"body":"touch on that a little bit."},{"speaker":"Average Joe Finances","startTime":698.581,"endTime":701.861,"body":"Cuz I've heard of this so many times,"},{"speaker":"Average Joe Finances","startTime":698.581,"endTime":701.861,"body":"where, as a small business owner, you"},{"speaker":"Average Joe Finances","startTime":701.866,"endTime":704.051,"body":"go and you open up a S Corp, right?"},{"speaker":"Average Joe Finances","startTime":704.051,"endTime":707.826,"body":"And you hire your children to do"},{"speaker":"Average Joe Finances","startTime":704.051,"endTime":707.826,"body":"certain tasks for your business and"},{"speaker":"Average Joe Finances","startTime":707.826,"endTime":711.931,"body":"you can pay them up to $12,000 a"},{"speaker":"Average Joe Finances","startTime":707.826,"endTime":711.931,"body":"year, that you can have as a tax free,"},{"speaker":"Average Joe Finances","startTime":711.931,"endTime":717.571,"body":"write off now by, by doing that now"},{"speaker":"Average Joe Finances","startTime":711.931,"endTime":717.571,"body":"for me as a real estate agent, right?"},{"speaker":"Average Joe Finances","startTime":717.571,"endTime":719.851,"body":"Once I retire from the Navy,"},{"speaker":"Average Joe Finances","startTime":717.571,"endTime":719.851,"body":"I go full time into this."},{"speaker":"Average Joe Finances","startTime":720.151,"endTime":725.736,"body":"If I was to hire my children under my"},{"speaker":"Average Joe Finances","startTime":720.151,"endTime":725.736,"body":"real estate license, like under my my I"},{"speaker":"Average Joe Finances","startTime":725.736,"endTime":730.696,"body":"guess my my business, my doing business"},{"speaker":"Average Joe Finances","startTime":725.736,"endTime":730.696,"body":"as, under my name as a realtor, or do"},{"speaker":"Average Joe Finances","startTime":730.696,"endTime":732.286,"body":"I need to open up a escort for that?"},{"speaker":"Average Joe Finances","startTime":732.286,"endTime":737.663,"body":"Cuz I know there's a lot of different"},{"speaker":"Average Joe Finances","startTime":732.286,"endTime":737.663,"body":"rules when it comes to being a realtor,"},{"speaker":"Average Joe Finances","startTime":737.663,"endTime":742.253,"body":"like I can't have my commissions"},{"speaker":"Average Joe Finances","startTime":737.663,"endTime":742.253,"body":"going into a business entity."},{"speaker":"Average Joe Finances","startTime":742.253,"endTime":744.443,"body":"It has to come to me in my name."},{"speaker":"Average Joe Finances","startTime":744.743,"endTime":746.933,"body":"So how does something like that work?"},{"speaker":"Christian Bishop","startTime":747.233,"endTime":748.163,"body":"Great question."},{"speaker":"Christian Bishop","startTime":748.283,"endTime":753.353,"body":"And one caveat first, every industry has"},{"speaker":"Christian Bishop","startTime":748.283,"endTime":753.353,"body":"different regulators that regulate them."},{"speaker":"Christian Bishop","startTime":753.653,"endTime":756.833,"body":"So when I speak on these topics,"},{"speaker":"Christian Bishop","startTime":753.653,"endTime":756.833,"body":"you always wanna make sure you're in"},{"speaker":"Christian Bishop","startTime":756.833,"endTime":763.283,"body":"compliance with your regulator, the tax"},{"speaker":"Christian Bishop","startTime":756.833,"endTime":763.283,"body":"code is actually more favorable to a"},{"speaker":"Christian Bishop","startTime":763.313,"endTime":768.173,"body":"single owned LLC or individual sometimes"},{"speaker":"Christian Bishop","startTime":763.313,"endTime":768.173,"body":"referred to as a sole proprietor."},{"speaker":"Christian Bishop","startTime":768.473,"endTime":772.493,"body":"You actually end up with a better tax"},{"speaker":"Christian Bishop","startTime":768.473,"endTime":772.493,"body":"situation when hiring your children."},{"speaker":"Christian Bishop","startTime":772.763,"endTime":777.503,"body":"This is just for this one strategy when"},{"speaker":"Christian Bishop","startTime":772.763,"endTime":777.503,"body":"you're hiring your children because you"},{"speaker":"Christian Bishop","startTime":777.503,"endTime":782.383,"body":"have when you hire somebody, you gotta"},{"speaker":"Christian Bishop","startTime":777.503,"endTime":782.383,"body":"think about not just the income taxes,"},{"speaker":"Christian Bishop","startTime":782.673,"endTime":787.323,"body":"but social security and Medicare taxes,"},{"speaker":"Christian Bishop","startTime":782.673,"endTime":787.323,"body":"federal and state unemployment taxes,"},{"speaker":"Christian Bishop","startTime":787.623,"endTime":789.363,"body":"it all becomes part of the equation."},{"speaker":"Christian Bishop","startTime":789.663,"endTime":792.933,"body":"It's more favorable to be an"},{"speaker":"Christian Bishop","startTime":789.663,"endTime":792.933,"body":"individual like what you just"},{"speaker":"Christian Bishop","startTime":792.933,"endTime":795.979,"body":"described or a single owned LLC."},{"speaker":"Christian Bishop","startTime":796.279,"endTime":801.429,"body":"Whereas an S Corp absolutely can take"},{"speaker":"Christian Bishop","startTime":796.279,"endTime":801.429,"body":"advantage of this deduction, but some"},{"speaker":"Christian Bishop","startTime":801.499,"endTime":805.069,"body":"of the deductions don't apply so it's"},{"speaker":"Christian Bishop","startTime":801.499,"endTime":805.069,"body":"not quite as lucrative, so to speak."},{"speaker":"Christian Bishop","startTime":805.369,"endTime":807.859,"body":"In this case, you're better"},{"speaker":"Christian Bishop","startTime":805.369,"endTime":807.859,"body":"off as an individual."},{"speaker":"Christian Bishop","startTime":807.889,"endTime":810.949,"body":"Now as an individual sole"},{"speaker":"Christian Bishop","startTime":807.889,"endTime":810.949,"body":"proprietor, you still have to"},{"speaker":"Christian Bishop","startTime":810.949,"endTime":813.049,"body":"file for a federal tax ID number."},{"speaker":"Christian Bishop","startTime":813.349,"endTime":816.379,"body":"You will check with your state"},{"speaker":"Christian Bishop","startTime":813.349,"endTime":816.379,"body":"about worker's compensation."},{"speaker":"Christian Bishop","startTime":816.679,"endTime":820.409,"body":"Most states I shouldn't even say"},{"speaker":"Christian Bishop","startTime":816.679,"endTime":820.409,"body":"that many states, cuz I can't say"},{"speaker":"Christian Bishop","startTime":820.409,"endTime":824.189,"body":"most cause I haven't checked all"},{"speaker":"Christian Bishop","startTime":820.409,"endTime":824.189,"body":"of them, but many states will allow"},{"speaker":"Christian Bishop","startTime":824.194,"endTime":827.219,"body":"you to waive workers' comp when"},{"speaker":"Christian Bishop","startTime":824.194,"endTime":827.219,"body":"it's your own child and yourself."},{"speaker":"Christian Bishop","startTime":827.519,"endTime":831.929,"body":"So that's something that you can look"},{"speaker":"Christian Bishop","startTime":827.519,"endTime":831.929,"body":"into, but essentially if you're a sole"},{"speaker":"Christian Bishop","startTime":831.929,"endTime":835.679,"body":"proprietor, you can hire your child,"},{"speaker":"Christian Bishop","startTime":831.929,"endTime":835.679,"body":"getting a federal tax ID number."},{"speaker":"Christian Bishop","startTime":835.979,"endTime":839.729,"body":"There is some filing requirements, hire a"},{"speaker":"Christian Bishop","startTime":835.979,"endTime":839.729,"body":"bookkeeper or if you like do it yourself."},{"speaker":"Christian Bishop","startTime":839.879,"endTime":841.919,"body":"But you're actually"},{"speaker":"Christian Bishop","startTime":839.879,"endTime":841.919,"body":"better of as an S Corp."},{"speaker":"Christian Bishop","startTime":842.219,"endTime":842.609,"body":"Great."},{"speaker":"Christian Bishop","startTime":842.669,"endTime":844.289,"body":"You still get lots of good deductions."},{"speaker":"Christian Bishop","startTime":844.289,"endTime":847.229,"body":"And I talk about this in my book, cuz"},{"speaker":"Christian Bishop","startTime":844.289,"endTime":847.229,"body":"it's one of my favorite strategies."},{"speaker":"Christian Bishop","startTime":847.429,"endTime":852.649,"body":"Lots of folks, chiropractors, dentists,"},{"speaker":"Christian Bishop","startTime":847.429,"endTime":852.649,"body":"construction workers, realtors."},{"speaker":"Christian Bishop","startTime":852.719,"endTime":853.679,"body":"The list goes on."},{"speaker":"Christian Bishop","startTime":853.979,"endTime":855.119,"body":"Use this strategy."},{"speaker":"Christian Bishop","startTime":855.419,"endTime":857.584,"body":"Now it's a fine night period"},{"speaker":"Christian Bishop","startTime":855.419,"endTime":857.584,"body":"of time, cuz guess what?"},{"speaker":"Christian Bishop","startTime":857.589,"endTime":861.274,"body":"Your kids are gonna grow up  so you"},{"speaker":"Christian Bishop","startTime":857.589,"endTime":861.274,"body":"gotta follow your rules in your state"},{"speaker":"Christian Bishop","startTime":861.444,"endTime":866.814,"body":"and the industry again, but if you've"},{"speaker":"Christian Bishop","startTime":861.444,"endTime":866.814,"body":"got a 14 to 18 year old look into that"},{"speaker":"Christian Bishop","startTime":866.814,"endTime":868.764,"body":"strategy, yes, you can do it younger."},{"speaker":"Christian Bishop","startTime":869.064,"endTime":872.514,"body":"And obviously somebody older can"},{"speaker":"Christian Bishop","startTime":869.064,"endTime":872.514,"body":"still work for you, that still works."},{"speaker":"Christian Bishop","startTime":872.814,"endTime":877.784,"body":"But the best ages are under 18 sole"},{"speaker":"Christian Bishop","startTime":872.814,"endTime":877.784,"body":"proprietors and single owned LLCs."},{"speaker":"Average Joe Finances","startTime":878.084,"endTime":879.194,"body":"Yeah, that's fantastic."},{"speaker":"Average Joe Finances","startTime":879.194,"endTime":880.034,"body":"That, that is awesome."},{"speaker":"Average Joe Finances","startTime":880.094,"endTime":883.439,"body":"And that's good to know cuz I, my whole"},{"speaker":"Average Joe Finances","startTime":880.094,"endTime":883.439,"body":"thing about this is I thought is oh, I,"},{"speaker":"Average Joe Finances","startTime":883.439,"endTime":885.379,"body":"I need to open up a S Corp to do this."},{"speaker":"Average Joe Finances","startTime":885.379,"endTime":887.444,"body":"I didn't know I could do it"},{"speaker":"Average Joe Finances","startTime":885.379,"endTime":887.444,"body":"and I'll look up what the local"},{"speaker":"Average Joe Finances","startTime":887.474,"endTime":889.184,"body":"rules and laws are for Hawaii."},{"speaker":"Average Joe Finances","startTime":889.334,"endTime":891.314,"body":"Because every, like you said,"},{"speaker":"Average Joe Finances","startTime":889.334,"endTime":891.314,"body":"every state's different."},{"speaker":"Average Joe Finances","startTime":891.464,"endTime":893.174,"body":"So it's, you definitely"},{"speaker":"Average Joe Finances","startTime":891.464,"endTime":893.174,"body":"need to know that stuff."},{"speaker":"Average Joe Finances","startTime":893.174,"endTime":896.054,"body":"And this is something that I've talked"},{"speaker":"Average Joe Finances","startTime":893.174,"endTime":896.054,"body":"about several times on the podcast"},{"speaker":"Average Joe Finances","startTime":896.304,"endTime":899.744,"body":"when it comes to just, even as a guest"},{"speaker":"Average Joe Finances","startTime":896.304,"endTime":899.744,"body":"on another show the other day I was"},{"speaker":"Average Joe Finances","startTime":899.744,"endTime":902.564,"body":"talking about you know, the importance"},{"speaker":"Average Joe Finances","startTime":899.744,"endTime":902.564,"body":"of like how, when you're picking out"},{"speaker":"Average Joe Finances","startTime":902.564,"endTime":906.014,"body":"your realtor that you're gonna use and"},{"speaker":"Average Joe Finances","startTime":902.564,"endTime":906.014,"body":"everything like that you understand"},{"speaker":"Average Joe Finances","startTime":906.014,"endTime":910.699,"body":"what the local rules and laws are in the"},{"speaker":"Average Joe Finances","startTime":906.014,"endTime":910.699,"body":"area, where you're investing or buying"},{"speaker":"Average Joe Finances","startTime":910.699,"endTime":912.019,"body":"or purchasing any properties like that."},{"speaker":"Average Joe Finances","startTime":912.019,"endTime":916.009,"body":"So you have to know the local laws, at"},{"speaker":"Average Joe Finances","startTime":912.019,"endTime":916.009,"body":"least to the best of your knowledge."},{"speaker":"Average Joe Finances","startTime":916.014,"endTime":918.329,"body":"Now, I wanna talk a little"},{"speaker":"Average Joe Finances","startTime":916.014,"endTime":918.329,"body":"bit about your book, right?"},{"speaker":"Average Joe Finances","startTime":918.329,"endTime":919.439,"body":"Hidden Cash Uncovered."},{"speaker":"Average Joe Finances","startTime":919.439,"endTime":923.929,"body":"Just the name of it already, like gets"},{"speaker":"Average Joe Finances","startTime":919.439,"endTime":923.929,"body":"the goosebumps going because, okay, so"},{"speaker":"Average Joe Finances","startTime":923.929,"endTime":925.699,"body":"there's hidden cash, you help uncover it."},{"speaker":"Average Joe Finances","startTime":925.969,"endTime":927.434,"body":"So let's touch on that a little bit."},{"speaker":"Average Joe Finances","startTime":927.434,"endTime":930.944,"body":"Cuz you said that this is one of the"},{"speaker":"Average Joe Finances","startTime":927.434,"endTime":930.944,"body":"strategies you talk about in your book."},{"speaker":"Average Joe Finances","startTime":931.124,"endTime":934.724,"body":"What are some other strategies"},{"speaker":"Average Joe Finances","startTime":931.124,"endTime":934.724,"body":"like, let's say you have somebody"},{"speaker":"Average Joe Finances","startTime":934.724,"endTime":939.794,"body":"who is just starting their journey"},{"speaker":"Average Joe Finances","startTime":934.724,"endTime":939.794,"body":"in financial freedom and they're"},{"speaker":"Average Joe Finances","startTime":939.884,"endTime":942.044,"body":"working on paying down all their debt."},{"speaker":"Average Joe Finances","startTime":942.194,"endTime":947.534,"body":"And they're a W2 earner and they wanna"},{"speaker":"Average Joe Finances","startTime":942.194,"endTime":947.534,"body":"start investing and they're not sure"},{"speaker":"Average Joe Finances","startTime":947.534,"endTime":950.444,"body":"where to go, just at the point where"},{"speaker":"Average Joe Finances","startTime":947.534,"endTime":950.444,"body":"they paid off all their debt and"},{"speaker":"Average Joe Finances","startTime":950.444,"endTime":951.974,"body":"they want to get this party started."},{"speaker":"Average Joe Finances","startTime":952.274,"endTime":958.194,"body":"And, from a tax standpoint, like this"},{"speaker":"Average Joe Finances","startTime":952.274,"endTime":958.194,"body":"is a W2 worker, which route would you"},{"speaker":"Average Joe Finances","startTime":958.194,"endTime":963.034,"body":"recommend that somebody starts looking at"},{"speaker":"Average Joe Finances","startTime":958.194,"endTime":963.034,"body":"for an investment vehicle that would be"},{"speaker":"Average Joe Finances","startTime":963.034,"endTime":965.954,"body":"the most advantageous to save on taxes?"},{"speaker":"Christian Bishop","startTime":966.304,"endTime":969.334,"body":"That"},{"speaker":"Christian Bishop","startTime":966.304,"endTime":969.334,"body":"last caveat save on taxes."},{"speaker":"Christian Bishop","startTime":969.434,"endTime":972.764,"body":"We can break that down into now or later."},{"speaker":"Christian Bishop","startTime":973.064,"endTime":975.854,"body":"The other part, and I'll touch on that,"},{"speaker":"Christian Bishop","startTime":973.064,"endTime":975.854,"body":"but the part that you mentioned about"},{"speaker":"Christian Bishop","startTime":975.859,"endTime":977.628,"body":"paying off  the debt, that's huge."},{"speaker":"Christian Bishop","startTime":977.838,"endTime":981.258,"body":"We could spend a whole show again,"},{"speaker":"Christian Bishop","startTime":977.838,"endTime":981.258,"body":"talking about debt and how debt can"},{"speaker":"Christian Bishop","startTime":981.258,"endTime":985.278,"body":"be a tool and like any tool it can"},{"speaker":"Christian Bishop","startTime":981.258,"endTime":985.278,"body":"help you, but it's also can hurt you."},{"speaker":"Christian Bishop","startTime":985.468,"endTime":988.378,"body":"But getting that debt paid, but in"},{"speaker":"Christian Bishop","startTime":985.468,"endTime":988.378,"body":"making that assumption that it's paid"},{"speaker":"Christian Bishop","startTime":988.678,"endTime":993.598,"body":"there's through an employer plan,"},{"speaker":"Christian Bishop","startTime":988.678,"endTime":993.598,"body":"W2 wage earner, you usually have"},{"speaker":"Christian Bishop","startTime":993.598,"endTime":995.818,"body":"available to you a 401k or similar plan."},{"speaker":"Christian Bishop","startTime":996.118,"endTime":1000.158,"body":"Many of those plans have two types"},{"speaker":"Christian Bishop","startTime":996.118,"endTime":1000.158,"body":"of contributions you can make."},{"speaker":"Christian Bishop","startTime":1000.328,"endTime":1002.308,"body":"Pre-tax or after tax."},{"speaker":"Christian Bishop","startTime":1002.608,"endTime":1006.688,"body":"Pre-tax is where it saves you tax"},{"speaker":"Christian Bishop","startTime":1002.608,"endTime":1006.688,"body":"dollars today, grows tax deferred."},{"speaker":"Christian Bishop","startTime":1006.898,"endTime":1010.498,"body":"When you retire someday, presumably"},{"speaker":"Christian Bishop","startTime":1006.898,"endTime":1010.498,"body":"in a lower tax bracket, you take"},{"speaker":"Christian Bishop","startTime":1010.498,"endTime":1012.028,"body":"money out at a lower tax rate."},{"speaker":"Christian Bishop","startTime":1012.238,"endTime":1012.598,"body":"Great."},{"speaker":"Christian Bishop","startTime":1012.898,"endTime":1018.808,"body":"The after tax sometimes referred to as a"},{"speaker":"Christian Bishop","startTime":1012.898,"endTime":1018.808,"body":"Roth 401k contribution, you do not save"},{"speaker":"Christian Bishop","startTime":1018.808,"endTime":1024.118,"body":"taxes today, but I'm gonna touch on back"},{"speaker":"Christian Bishop","startTime":1018.808,"endTime":1024.118,"body":"on that in a second, it grows no tax owed."},{"speaker":"Christian Bishop","startTime":1024.178,"endTime":1027.178,"body":"And as long as you meet certain"},{"speaker":"Christian Bishop","startTime":1024.178,"endTime":1027.178,"body":"requirements, when you retire it's tax."},{"speaker":"Christian Bishop","startTime":1027.478,"endTime":1032.398,"body":"There is a huge debate and you can pull in"},{"speaker":"Christian Bishop","startTime":1027.478,"endTime":1032.398,"body":"20 financial advisors, certified financial"},{"speaker":"Christian Bishop","startTime":1032.398,"endTime":1036.058,"body":"planners and enrolled agents like myself"},{"speaker":"Christian Bishop","startTime":1032.398,"endTime":1036.058,"body":"and you'll get different opinions."},{"speaker":"Christian Bishop","startTime":1036.358,"endTime":1040.628,"body":"But in my book, I highlight a"},{"speaker":"Christian Bishop","startTime":1036.358,"endTime":1040.628,"body":"situation where a young person who"},{"speaker":"Christian Bishop","startTime":1040.628,"endTime":1046.071,"body":"is modest means benefited from doing"},{"speaker":"Christian Bishop","startTime":1040.628,"endTime":1046.071,"body":"a traditional 401k, meaning the"},{"speaker":"Christian Bishop","startTime":1046.071,"endTime":1048.051,"body":"pretax version and not the Roth."},{"speaker":"Christian Bishop","startTime":1048.351,"endTime":1051.021,"body":"One of my counterparts in the"},{"speaker":"Christian Bishop","startTime":1048.351,"endTime":1051.021,"body":"industry said, oh my gosh,"},{"speaker":"Christian Bishop","startTime":1051.081,"endTime":1052.401,"body":"that's not the right way to go."},{"speaker":"Christian Bishop","startTime":1052.611,"endTime":1054.891,"body":"She's young, she's in a low tax bracket."},{"speaker":"Christian Bishop","startTime":1054.891,"endTime":1055.881,"body":"She should do the Roth."},{"speaker":"Christian Bishop","startTime":1056.181,"endTime":1060.621,"body":"And I said, yeah, but by making the pretax"},{"speaker":"Christian Bishop","startTime":1056.181,"endTime":1060.621,"body":"contribution, there's a thing called"},{"speaker":"Christian Bishop","startTime":1060.621,"endTime":1062.661,"body":"retirement savings contribution credit."},{"speaker":"Christian Bishop","startTime":1062.961,"endTime":1066.601,"body":"When you're on the threshold of making"},{"speaker":"Christian Bishop","startTime":1062.961,"endTime":1066.601,"body":"too much money, you don't qualify for."},{"speaker":"Christian Bishop","startTime":1066.771,"endTime":1069.561,"body":"So if you make a Roth contribution"},{"speaker":"Christian Bishop","startTime":1066.771,"endTime":1069.561,"body":"and you're right on that cusp,"},{"speaker":"Christian Bishop","startTime":1069.861,"endTime":1070.731,"body":"you don't get that credit."},{"speaker":"Christian Bishop","startTime":1071.031,"endTime":1074.661,"body":"You make a pretax contribution it"},{"speaker":"Christian Bishop","startTime":1071.031,"endTime":1074.661,"body":"brings you down below that threshold."},{"speaker":"Christian Bishop","startTime":1074.811,"endTime":1078.981,"body":"Now of a sudden she qualified"},{"speaker":"Christian Bishop","startTime":1074.811,"endTime":1078.981,"body":"and because she had children, it"},{"speaker":"Christian Bishop","startTime":1079.071,"endTime":1081.741,"body":"increased her earned income credit."},{"speaker":"Christian Bishop","startTime":1082.041,"endTime":1084.981,"body":"So if you think about this for a"},{"speaker":"Christian Bishop","startTime":1082.041,"endTime":1084.981,"body":"moment, here's a W2 wage earner"},{"speaker":"Christian Bishop","startTime":1085.251,"endTime":1088.891,"body":"pretty much what you just described"},{"speaker":"Christian Bishop","startTime":1085.251,"endTime":1088.891,"body":"as somebody got the debt paid, getting"},{"speaker":"Christian Bishop","startTime":1088.891,"endTime":1092.804,"body":"going in life, at first, oh gosh,"},{"speaker":"Christian Bishop","startTime":1088.891,"endTime":1092.804,"body":"you should do a Roth, not so fast."},{"speaker":"Christian Bishop","startTime":1092.804,"endTime":1093.854,"body":"Do the analysis."},{"speaker":"Christian Bishop","startTime":1094.154,"endTime":1098.894,"body":"In the end, it absolutely made sense at"},{"speaker":"Christian Bishop","startTime":1094.154,"endTime":1098.894,"body":"least for the first few years to do the"},{"speaker":"Christian Bishop","startTime":1098.894,"endTime":1103.784,"body":"pre-tax because it reduced her income"},{"speaker":"Christian Bishop","startTime":1098.894,"endTime":1103.784,"body":"qualified her for that retirement savings,"},{"speaker":"Christian Bishop","startTime":1103.789,"endTime":1108.654,"body":"contribution credit, and increased"},{"speaker":"Christian Bishop","startTime":1103.789,"endTime":1108.654,"body":"her earned income credit, which is"},{"speaker":"Christian Bishop","startTime":1108.654,"endTime":1110.334,"body":"refundable, meaning she got money back."},{"speaker":"Christian Bishop","startTime":1110.334,"endTime":1111.244,"body":"She never even paid in."},{"speaker":"Christian Bishop","startTime":1111.544,"endTime":1114.244,"body":"You can't just make a blanket"},{"speaker":"Christian Bishop","startTime":1111.544,"endTime":1114.244,"body":"assumption and that's something"},{"speaker":"Christian Bishop","startTime":1114.244,"endTime":1115.414,"body":"I think's really important."},{"speaker":"Christian Bishop","startTime":1115.414,"endTime":1118.864,"body":"And that's the kind of coming back"},{"speaker":"Christian Bishop","startTime":1115.414,"endTime":1118.864,"body":"around just because somebody says"},{"speaker":"Christian Bishop","startTime":1118.954,"endTime":1122.834,"body":"in general terms, you should do a"},{"speaker":"Christian Bishop","startTime":1118.954,"endTime":1122.834,"body":"Roth or you should do a pretax IRA."},{"speaker":"Christian Bishop","startTime":1123.134,"endTime":1124.454,"body":"Doesn't mean it applies to you."},{"speaker":"Christian Bishop","startTime":1124.634,"endTime":1126.314,"body":"You've gotta look at your own situation."},{"speaker":"Average Joe Finances","startTime":1126.614,"endTime":1127.694,"body":"Oh that's a great point."},{"speaker":"Average Joe Finances","startTime":1127.694,"endTime":1130.544,"body":"And that's a great story, cuz"},{"speaker":"Average Joe Finances","startTime":1127.694,"endTime":1130.544,"body":"it, it reminds me of something"},{"speaker":"Average Joe Finances","startTime":1130.544,"endTime":1131.774,"body":"that I did very similar."},{"speaker":"Average Joe Finances","startTime":1131.824,"endTime":1134.374,"body":"Being in the military, we have"},{"speaker":"Average Joe Finances","startTime":1131.824,"endTime":1134.374,"body":"the thrift savings plan, I'm"},{"speaker":"Average Joe Finances","startTime":1134.374,"endTime":1135.244,"body":"sure you know what that is."},{"speaker":"Average Joe Finances","startTime":1135.424,"endTime":1136.774,"body":"And the thrift savings plan."},{"speaker":"Average Joe Finances","startTime":1136.804,"endTime":1138.664,"body":"They came out with a Roth version too."},{"speaker":"Average Joe Finances","startTime":1138.664,"endTime":1141.569,"body":"And that was maybe back in 2013."},{"speaker":"Average Joe Finances","startTime":1141.569,"endTime":1144.419,"body":"So I'm already enrolled in the standard."},{"speaker":"Average Joe Finances","startTime":1144.419,"endTime":1148.079,"body":"So that's what it was and then when Roth"},{"speaker":"Average Joe Finances","startTime":1144.419,"endTime":1148.079,"body":"came out, I completely switched over well,"},{"speaker":"Average Joe Finances","startTime":1148.079,"endTime":1151.809,"body":"fast forward a couple years and I'm making"},{"speaker":"Average Joe Finances","startTime":1148.079,"endTime":1151.809,"body":"more money while I'm in the military,"},{"speaker":"Average Joe Finances","startTime":1152.109,"endTime":1157.454,"body":"and I got to the point where I was just"},{"speaker":"Average Joe Finances","startTime":1152.109,"endTime":1157.454,"body":"peeking over into that next tax bracket."},{"speaker":"Average Joe Finances","startTime":1157.754,"endTime":1161.174,"body":"So after I took this class, I took"},{"speaker":"Average Joe Finances","startTime":1157.754,"endTime":1161.174,"body":"this finance class talking about the"},{"speaker":"Average Joe Finances","startTime":1161.174,"endTime":1164.954,"body":"thrift savings plan and how I was"},{"speaker":"Average Joe Finances","startTime":1161.174,"endTime":1164.954,"body":"putting so much into the Roth versus"},{"speaker":"Average Joe Finances","startTime":1164.954,"endTime":1169.844,"body":"the traditional, this guy helped me"},{"speaker":"Average Joe Finances","startTime":1164.954,"endTime":1169.844,"body":"identify that if I was to take some of"},{"speaker":"Average Joe Finances","startTime":1169.844,"endTime":1172.994,"body":"what I'm putting into the Roth and put"},{"speaker":"Average Joe Finances","startTime":1169.844,"endTime":1172.994,"body":"it into the traditional, it's actually"},{"speaker":"Average Joe Finances","startTime":1172.994,"endTime":1175.034,"body":"gonna lower my income for the year."},{"speaker":"Average Joe Finances","startTime":1175.274,"endTime":1180.464,"body":"And if I just do that for maybe"},{"speaker":"Average Joe Finances","startTime":1175.274,"endTime":1180.464,"body":"$3,000, I'm gonna get lowered"},{"speaker":"Average Joe Finances","startTime":1180.464,"endTime":1185.119,"body":"back down to that lower tax"},{"speaker":"Average Joe Finances","startTime":1180.464,"endTime":1185.119,"body":"bracket and save a lot more money."},{"speaker":"Average Joe Finances","startTime":1185.279,"endTime":1188.969,"body":"There are certain situations and I know"},{"speaker":"Average Joe Finances","startTime":1185.279,"endTime":1188.969,"body":"the standard that you hear people talk"},{"speaker":"Average Joe Finances","startTime":1188.969,"endTime":1190.229,"body":"about all the time is, Hey, do the Roth."},{"speaker":"Average Joe Finances","startTime":1190.229,"endTime":1192.839,"body":"You don't know what the taxes are"},{"speaker":"Average Joe Finances","startTime":1190.229,"endTime":1192.839,"body":"gonna, what the tax brackets are"},{"speaker":"Average Joe Finances","startTime":1192.839,"endTime":1193.949,"body":"gonna look like in the future."},{"speaker":"Average Joe Finances","startTime":1194.189,"endTime":1195.399,"body":"Hey, totally understand that."},{"speaker":"Average Joe Finances","startTime":1195.699,"endTime":1198.699,"body":"But there are some ways where you can"},{"speaker":"Average Joe Finances","startTime":1195.699,"endTime":1198.699,"body":"actually have some significant savings"},{"speaker":"Average Joe Finances","startTime":1198.699,"endTime":1203.469,"body":"today and maybe still contribute"},{"speaker":"Average Joe Finances","startTime":1198.699,"endTime":1203.469,"body":"those savings to your Roth while"},{"speaker":"Average Joe Finances","startTime":1203.469,"endTime":1208.059,"body":"still putting a nice chunk of change"},{"speaker":"Average Joe Finances","startTime":1203.469,"endTime":1208.059,"body":"into a traditional at the same time."},{"speaker":"Average Joe Finances","startTime":1208.059,"endTime":1211.364,"body":"So I looked at that I took that as an"},{"speaker":"Average Joe Finances","startTime":1208.059,"endTime":1211.364,"body":"opportunity, so I took the money that"},{"speaker":"Average Joe Finances","startTime":1211.364,"endTime":1215.504,"body":"I save from not having to pay that"},{"speaker":"Average Joe Finances","startTime":1211.364,"endTime":1215.504,"body":"in taxes and invested that elsewhere."},{"speaker":"Average Joe Finances","startTime":1215.664,"endTime":1218.014,"body":"So I appreciate that perspective"},{"speaker":"Average Joe Finances","startTime":1215.664,"endTime":1218.014,"body":"cause I don't think, I don't think"},{"speaker":"Average Joe Finances","startTime":1218.014,"endTime":1219.184,"body":"a lot of people talk about that."},{"speaker":"Average Joe Finances","startTime":1219.184,"endTime":1220.294,"body":"A lot of people don't talk about."},{"speaker":"Average Joe Finances","startTime":1220.444,"endTime":1226.608,"body":"What you can do to take a standard IRA"},{"speaker":"Average Joe Finances","startTime":1220.444,"endTime":1226.608,"body":"or 401k, and use that to your advantage"},{"speaker":"Average Joe Finances","startTime":1226.608,"endTime":1228.348,"body":"to lower your income for the year."},{"speaker":"Average Joe Finances","startTime":1228.648,"endTime":1229.098,"body":"That's awesome."},{"speaker":"Christian Bishop","startTime":1229.098,"endTime":1229.878,"body":"Yeah, absolutely."},{"speaker":"Christian Bishop","startTime":1229.883,"endTime":1232.068,"body":"And you touched on an"},{"speaker":"Christian Bishop","startTime":1229.883,"endTime":1232.068,"body":"important part there too."},{"speaker":"Christian Bishop","startTime":1232.368,"endTime":1234.378,"body":"Most plans allow you to split it."},{"speaker":"Christian Bishop","startTime":1234.678,"endTime":1238.968,"body":"So assuming eligibility requirements are"},{"speaker":"Christian Bishop","startTime":1234.678,"endTime":1238.968,"body":"met and all the usual stuff, the fact"},{"speaker":"Christian Bishop","startTime":1238.968,"endTime":1241.364,"body":"is, you are doing it, you can do it both."},{"speaker":"Christian Bishop","startTime":1241.604,"endTime":1246.784,"body":"And so even someone like myself, I see"},{"speaker":"Christian Bishop","startTime":1241.604,"endTime":1246.784,"body":"the value in a Roth for myself even,"},{"speaker":"Christian Bishop","startTime":1247.084,"endTime":1251.254,"body":"but I also need those tax deductions"},{"speaker":"Christian Bishop","startTime":1247.084,"endTime":1251.254,"body":"now for what you exactly described."},{"speaker":"Christian Bishop","startTime":1251.554,"endTime":1254.824,"body":"So most goes in pretax, but I"},{"speaker":"Christian Bishop","startTime":1251.554,"endTime":1254.824,"body":"like to put a little bit hedge"},{"speaker":"Christian Bishop","startTime":1254.829,"endTime":1256.654,"body":"by bets into the Roth as well."},{"speaker":"Christian Bishop","startTime":1256.834,"endTime":1257.754,"body":"So why not do both?"},{"speaker":"Christian Bishop","startTime":1257.794,"endTime":1258.164,"body":"If you can."},{"speaker":"Average Joe Finances","startTime":1258.334,"endTime":1258.624,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1258.629,"endTime":1258.864,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1258.864,"endTime":1259.404,"body":"That's awesome."},{"speaker":"Average Joe Finances","startTime":1259.404,"endTime":1260.154,"body":"That's awesome."},{"speaker":"Average Joe Finances","startTime":1260.454,"endTime":1262.524,"body":"So Christian, definitely"},{"speaker":"Average Joe Finances","startTime":1260.454,"endTime":1262.524,"body":"appreciate that perspective."},{"speaker":"Average Joe Finances","startTime":1262.524,"endTime":1264.914,"body":"And again that's something"},{"speaker":"Average Joe Finances","startTime":1262.524,"endTime":1264.914,"body":"you don't hear too much about."},{"speaker":"Average Joe Finances","startTime":1265.214,"endTime":1269.509,"body":"So now I wanna talk a little bit"},{"speaker":"Average Joe Finances","startTime":1265.214,"endTime":1269.509,"body":"about, so you started off working"},{"speaker":"Average Joe Finances","startTime":1269.509,"endTime":1270.819,"body":"as a tax accountant, right?"},{"speaker":"Average Joe Finances","startTime":1271.119,"endTime":1274.184,"body":"and then you went and got your"},{"speaker":"Average Joe Finances","startTime":1271.119,"endTime":1274.184,"body":"CFP designation and then later"},{"speaker":"Average Joe Finances","startTime":1274.184,"endTime":1275.984,"body":"become an became an enrolled agent."},{"speaker":"Average Joe Finances","startTime":1275.984,"endTime":1280.509,"body":"As you're doing this you're getting to"},{"speaker":"Average Joe Finances","startTime":1275.984,"endTime":1280.509,"body":"touch on so many different sides or pieces"},{"speaker":"Average Joe Finances","startTime":1280.509,"endTime":1284.709,"body":"of the puzzle for someone that's looking"},{"speaker":"Average Joe Finances","startTime":1280.509,"endTime":1284.709,"body":"not only to save on their taxes, but build"},{"speaker":"Average Joe Finances","startTime":1284.709,"endTime":1288.699,"body":"a good financial plan to get themselves"},{"speaker":"Average Joe Finances","startTime":1284.709,"endTime":1288.699,"body":"to a point where they can retire at"},{"speaker":"Average Joe Finances","startTime":1288.929,"endTime":1290.349,"body":"a age where they feel comfortable."},{"speaker":"Average Joe Finances","startTime":1290.499,"endTime":1293.644,"body":"So as you're doing this, I just have"},{"speaker":"Average Joe Finances","startTime":1290.499,"endTime":1293.644,"body":"to ask you, what is it that you enjoy"},{"speaker":"Average Joe Finances","startTime":1293.649,"endTime":1295.734,"body":"most about being part of this industry?"},{"speaker":"Christian Bishop","startTime":1295.908,"endTime":1298.508,"body":"It's helping"},{"speaker":"Christian Bishop","startTime":1295.908,"endTime":1298.508,"body":"people realize their dreams, and I"},{"speaker":"Christian Bishop","startTime":1298.508,"endTime":1301.568,"body":"have been doing it long enough that"},{"speaker":"Christian Bishop","startTime":1298.508,"endTime":1301.568,"body":"some of my clients that I started"},{"speaker":"Christian Bishop","startTime":1301.568,"endTime":1305.828,"body":"working with 25 years ago, we were"},{"speaker":"Christian Bishop","startTime":1301.568,"endTime":1305.828,"body":"starting with college savings plans."},{"speaker":"Christian Bishop","startTime":1305.888,"endTime":1308.078,"body":"And there's some tax"},{"speaker":"Christian Bishop","startTime":1305.888,"endTime":1308.078,"body":"benefits of course, to that."},{"speaker":"Christian Bishop","startTime":1308.078,"endTime":1309.008,"body":"And we could talk about that."},{"speaker":"Christian Bishop","startTime":1309.013,"endTime":1313.358,"body":"But as the kids grew up, they"},{"speaker":"Christian Bishop","startTime":1309.013,"endTime":1313.358,"body":"went to college, they graduated,"},{"speaker":"Christian Bishop","startTime":1313.658,"endTime":1314.828,"body":"they've all gotten married."},{"speaker":"Christian Bishop","startTime":1314.978,"endTime":1318.728,"body":"They've had kids and I'm helping them set"},{"speaker":"Christian Bishop","startTime":1314.978,"endTime":1318.728,"body":"up their retirement plans, but also the"},{"speaker":"Christian Bishop","startTime":1318.728,"endTime":1323.168,"body":"college funds for the next generation,"},{"speaker":"Christian Bishop","startTime":1318.728,"endTime":1323.168,"body":"seeing that and knowing that I can help"},{"speaker":"Christian Bishop","startTime":1323.168,"endTime":1325.268,"body":"people sometimes it's small changes."},{"speaker":"Christian Bishop","startTime":1325.508,"endTime":1329.108,"body":"Sometimes it's bigger, but just making"},{"speaker":"Christian Bishop","startTime":1325.508,"endTime":1329.108,"body":"sure that, again, they don't pay more"},{"speaker":"Christian Bishop","startTime":1329.108,"endTime":1332.348,"body":"than they have to, to the government,"},{"speaker":"Christian Bishop","startTime":1329.108,"endTime":1332.348,"body":"maximize the money that they're making,"},{"speaker":"Christian Bishop","startTime":1332.588,"endTime":1334.088,"body":"but helping 'em realize their dreams."},{"speaker":"Christian Bishop","startTime":1334.238,"endTime":1336.428,"body":"It's one of the most rewarding"},{"speaker":"Christian Bishop","startTime":1334.238,"endTime":1336.428,"body":"things I've ever done in my life."},{"speaker":"Christian Bishop","startTime":1336.698,"endTime":1341.648,"body":"And I feel like as an educator really, is"},{"speaker":"Christian Bishop","startTime":1336.698,"endTime":1341.648,"body":"my passion and I've done well with it over"},{"speaker":"Christian Bishop","startTime":1341.648,"endTime":1345.878,"body":"the years and building that relationship"},{"speaker":"Christian Bishop","startTime":1341.648,"endTime":1345.878,"body":"with those clients, generational"},{"speaker":"Christian Bishop","startTime":1345.908,"endTime":1349.418,"body":"speaking is just an amazing thing and"},{"speaker":"Christian Bishop","startTime":1345.908,"endTime":1349.418,"body":"I'm so blessed to be able to do it."},{"speaker":"Average Joe Finances","startTime":1349.578,"endTime":1350.508,"body":"That's fantastic."},{"speaker":"Average Joe Finances","startTime":1350.508,"endTime":1354.198,"body":"I figured Christian that, that was where"},{"speaker":"Average Joe Finances","startTime":1350.508,"endTime":1354.198,"body":"you were gonna be at with this, cuz I,"},{"speaker":"Average Joe Finances","startTime":1354.198,"endTime":1357.978,"body":"I can tell, just how genuine you are,"},{"speaker":"Average Joe Finances","startTime":1354.198,"endTime":1357.978,"body":"what as you're doing this, as you're"},{"speaker":"Average Joe Finances","startTime":1357.978,"endTime":1361.448,"body":"trying to help other people and get"},{"speaker":"Average Joe Finances","startTime":1357.978,"endTime":1361.448,"body":"them to the point where they can, live"},{"speaker":"Average Joe Finances","startTime":1361.448,"endTime":1365.493,"body":"a comfortable life, retire comfortably"},{"speaker":"Average Joe Finances","startTime":1361.448,"endTime":1365.493,"body":"and then as you said, that built that"},{"speaker":"Average Joe Finances","startTime":1365.493,"endTime":1369.123,"body":"generational wealth, and now, moving"},{"speaker":"Average Joe Finances","startTime":1365.493,"endTime":1369.123,"body":"on to the next generation, you're"},{"speaker":"Average Joe Finances","startTime":1369.123,"endTime":1370.563,"body":"getting to see that other side of it."},{"speaker":"Average Joe Finances","startTime":1370.863,"endTime":1374.423,"body":"So you're getting to see, the"},{"speaker":"Average Joe Finances","startTime":1370.863,"endTime":1374.423,"body":"fruits that have been bore by"},{"speaker":"Average Joe Finances","startTime":1374.423,"endTime":1375.713,"body":"the seeds that you planted."},{"speaker":"Average Joe Finances","startTime":1375.713,"endTime":1376.913,"body":"So that is so cool."},{"speaker":"Average Joe Finances","startTime":1377.183,"endTime":1378.413,"body":"So that's awesome, man."},{"speaker":"Average Joe Finances","startTime":1378.713,"endTime":1379.073,"body":"All right."},{"speaker":"Average Joe Finances","startTime":1379.373,"endTime":1379.703,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1379.703,"endTime":1380.273,"body":"Yeah, of course."},{"speaker":"Average Joe Finances","startTime":1380.273,"endTime":1380.813,"body":"You're welcome."},{"speaker":"Average Joe Finances","startTime":1381.003,"endTime":1383.793,"body":"Now, Christian, for you yourself"},{"speaker":"Average Joe Finances","startTime":1381.003,"endTime":1383.793,"body":"personally so you're doing this,"},{"speaker":"Average Joe Finances","startTime":1383.793,"endTime":1386.953,"body":"you're helping so many other"},{"speaker":"Average Joe Finances","startTime":1383.793,"endTime":1386.953,"body":"people, you have your own financial"},{"speaker":"Average Joe Finances","startTime":1386.953,"endTime":1388.573,"body":"journey that you're on too."},{"speaker":"Average Joe Finances","startTime":1388.843,"endTime":1392.173,"body":"So what kind of asset classes"},{"speaker":"Average Joe Finances","startTime":1388.843,"endTime":1392.173,"body":"do you currently invest in."},{"speaker":"Christian Bishop","startTime":1392.473,"endTime":1395.263,"body":"Right now, I think"},{"speaker":"Christian Bishop","startTime":1392.473,"endTime":1395.263,"body":"in the news, there's a lot of talk"},{"speaker":"Christian Bishop","startTime":1395.263,"endTime":1399.763,"body":"about markets are down and folks"},{"speaker":"Christian Bishop","startTime":1395.263,"endTime":1399.763,"body":"are concerned about where things are"},{"speaker":"Christian Bishop","startTime":1399.763,"endTime":1401.263,"body":"going and what they should invest in."},{"speaker":"Christian Bishop","startTime":1401.563,"endTime":1404.408,"body":"When I first started in this"},{"speaker":"Christian Bishop","startTime":1401.563,"endTime":1404.408,"body":"industry, it was in the giving"},{"speaker":"Christian Bishop","startTime":1404.408,"endTime":1406.838,"body":"away my age in the late nineties."},{"speaker":"Christian Bishop","startTime":1407.138,"endTime":1412.238,"body":"And I lived through the 2000, 2001"},{"speaker":"Christian Bishop","startTime":1407.138,"endTime":1412.238,"body":"and 2002, three negative years"},{"speaker":"Average Joe Finances","startTime":1412.508,"endTime":1412.728,"body":"Y2K"},{"speaker":"Christian Bishop","startTime":1412.728,"endTime":1413.048,"body":"..In a row."},{"speaker":"Christian Bishop","startTime":1413.702,"endTime":1413.922,"body":"Y2K."},{"speaker":"Christian Bishop","startTime":1413.927,"endTime":1414.412,"body":"Oh my gosh."},{"speaker":"Christian Bishop","startTime":1414.412,"endTime":1415.252,"body":"Somebody remembers that."},{"speaker":"Christian Bishop","startTime":1415.552,"endTime":1419.577,"body":"What a bus, but they, after"},{"speaker":"Christian Bishop","startTime":1415.552,"endTime":1419.577,"body":"that, sadly there was 9-11, and"},{"speaker":"Christian Bishop","startTime":1419.577,"endTime":1423.577,"body":"then there was the big, huge"},{"speaker":"Christian Bishop","startTime":1419.577,"endTime":1423.577,"body":"recession caused by 9-11 in part."},{"speaker":"Christian Bishop","startTime":1423.877,"endTime":1428.087,"body":"So seeing that I see that there's"},{"speaker":"Christian Bishop","startTime":1423.877,"endTime":1428.087,"body":"opportunity when things look their"},{"speaker":"Christian Bishop","startTime":1428.087,"endTime":1432.442,"body":"darkest and to quote Warren Buffet"},{"speaker":"Christian Bishop","startTime":1428.087,"endTime":1432.442,"body":"or not exactly, but summarizing what"},{"speaker":"Christian Bishop","startTime":1432.442,"endTime":1436.632,"body":"he says when people are fearful, he's"},{"speaker":"Christian Bishop","startTime":1432.442,"endTime":1436.632,"body":"greedy, meaning he's looking for the"},{"speaker":"Christian Bishop","startTime":1436.632,"endTime":1440.382,"body":"opportunity when people are running and"},{"speaker":"Christian Bishop","startTime":1436.632,"endTime":1440.382,"body":"they're selling and things are down,"},{"speaker":"Christian Bishop","startTime":1440.532,"endTime":1443.077,"body":"it's the time or a good time to buy."},{"speaker":"Christian Bishop","startTime":1443.449,"endTime":1446.599,"body":"When everybody is greedy and"},{"speaker":"Christian Bishop","startTime":1443.449,"endTime":1446.599,"body":"they're doing things, maybe they"},{"speaker":"Christian Bishop","startTime":1446.599,"endTime":1447.949,"body":"shouldn't, that's when he's fearful."},{"speaker":"Christian Bishop","startTime":1448.249,"endTime":1449.539,"body":"So I look for the opportunity."},{"speaker":"Christian Bishop","startTime":1449.599,"endTime":1452.959,"body":"Now I have my safe money in the"},{"speaker":"Christian Bishop","startTime":1449.599,"endTime":1452.959,"body":"sense that I've always made sure"},{"speaker":"Christian Bishop","startTime":1452.959,"endTime":1457.299,"body":"you have a great emergency fund, I"},{"speaker":"Christian Bishop","startTime":1452.959,"endTime":1457.299,"body":"have a fairly heavy equity exposure"},{"speaker":"Christian Bishop","startTime":1457.299,"endTime":1459.369,"body":"because I live and breathe stocks."},{"speaker":"Christian Bishop","startTime":1459.669,"endTime":1462.579,"body":"I even have some bonds there's"},{"speaker":"Christian Bishop","startTime":1459.669,"endTime":1462.579,"body":"certain advantages to those,"},{"speaker":"Christian Bishop","startTime":1462.879,"endTime":1467.889,"body":"I'm not really someone who loves"},{"speaker":"Christian Bishop","startTime":1462.879,"endTime":1467.889,"body":"the new age of cryptocurrencies."},{"speaker":"Christian Bishop","startTime":1467.889,"endTime":1468.969,"body":"That's not my world."},{"speaker":"Christian Bishop","startTime":1469.269,"endTime":1471.219,"body":"I'm not saying there is"},{"speaker":"Christian Bishop","startTime":1469.269,"endTime":1471.219,"body":"an opportunity there."},{"speaker":"Christian Bishop","startTime":1471.519,"endTime":1472.689,"body":"I love real estate."},{"speaker":"Christian Bishop","startTime":1472.889,"endTime":1473.909,"body":"They don't create more of it."},{"speaker":"Christian Bishop","startTime":1474.029,"endTime":1477.149,"body":"Actually in Hawaii, I guess you guys"},{"speaker":"Christian Bishop","startTime":1474.029,"endTime":1477.149,"body":"do now and then with a volcano, maybe"},{"speaker":"Christian Bishop","startTime":1477.149,"endTime":1480.979,"body":"filling in a little more ocean, but yeah"},{"speaker":"Christian Bishop","startTime":1477.149,"endTime":1480.979,"body":"for the most part, real estate is finite."},{"speaker":"Christian Bishop","startTime":1481.069,"endTime":1486.349,"body":"And so I love having some real estate"},{"speaker":"Christian Bishop","startTime":1481.069,"endTime":1486.349,"body":"and you can hold that in many ways you"},{"speaker":"Christian Bishop","startTime":1486.354,"endTime":1488.329,"body":"hold it actual, actual real estate."},{"speaker":"Christian Bishop","startTime":1488.569,"endTime":1491.949,"body":"You can hold it through certain"},{"speaker":"Christian Bishop","startTime":1488.569,"endTime":1491.949,"body":"investments exchange, traded funds"},{"speaker":"Christian Bishop","startTime":1491.949,"endTime":1495.859,"body":"and, or, mutual funds or other"},{"speaker":"Christian Bishop","startTime":1491.949,"endTime":1495.859,"body":"ways through rates, et cetera."},{"speaker":"Christian Bishop","startTime":1496.159,"endTime":1499.969,"body":"But I like real estate as an asset class,"},{"speaker":"Christian Bishop","startTime":1496.159,"endTime":1499.969,"body":"but one thing I think is really important."},{"speaker":"Christian Bishop","startTime":1500.269,"endTime":1503.569,"body":"I don't put all my eggs in one"},{"speaker":"Christian Bishop","startTime":1500.269,"endTime":1503.569,"body":"basket and I'm gonna pick on"},{"speaker":"Christian Bishop","startTime":1503.569,"endTime":1504.889,"body":"real estate agents for a moment."},{"speaker":"Christian Bishop","startTime":1505.189,"endTime":1506.509,"body":"They are my toughest clients."},{"speaker":"Christian Bishop","startTime":1506.809,"endTime":1507.499,"body":"Oh my goodness."},{"speaker":"Christian Bishop","startTime":1507.589,"endTime":1512.329,"body":"Try to get a real estate agent to invest"},{"speaker":"Christian Bishop","startTime":1507.589,"endTime":1512.329,"body":"in anything other than real estate is so"},{"speaker":"Christian Bishop","startTime":1512.329,"endTime":1514.909,"body":"hard and I'm not putting all of them down."},{"speaker":"Christian Bishop","startTime":1515.089,"endTime":1517.459,"body":"You mentioned you had a thrift"},{"speaker":"Christian Bishop","startTime":1515.089,"endTime":1517.459,"body":"savings plan, so good for you."},{"speaker":"Christian Bishop","startTime":1517.659,"endTime":1519.909,"body":"But a lot of them, because they"},{"speaker":"Christian Bishop","startTime":1517.659,"endTime":1519.909,"body":"live and breathe it they'll put"},{"speaker":"Christian Bishop","startTime":1519.914,"endTime":1521.039,"body":"everything into real estate."},{"speaker":"Christian Bishop","startTime":1521.256,"endTime":1522.816,"body":"Real estate is like any other investment."},{"speaker":"Christian Bishop","startTime":1522.816,"endTime":1525.966,"body":"It has peaks and valleys"},{"speaker":"Christian Bishop","startTime":1522.816,"endTime":1525.966,"body":"opportunities and there's times"},{"speaker":"Christian Bishop","startTime":1525.966,"endTime":1527.076,"body":"where there's better opportunities."},{"speaker":"Christian Bishop","startTime":1527.376,"endTime":1531.036,"body":"But if you get in a position where"},{"speaker":"Christian Bishop","startTime":1527.376,"endTime":1531.036,"body":"everything is in real estate, and it goes"},{"speaker":"Christian Bishop","startTime":1531.036,"endTime":1534.736,"body":"into a period where the market is not"},{"speaker":"Christian Bishop","startTime":1531.036,"endTime":1534.736,"body":"liquid, you can't eat your real estate."},{"speaker":"Christian Bishop","startTime":1535.036,"endTime":1536.836,"body":"You need to have some other asset classes."},{"speaker":"Christian Bishop","startTime":1537.036,"endTime":1539.736,"body":"I feel like diversification that"},{"speaker":"Christian Bishop","startTime":1537.036,"endTime":1539.736,"body":"old adage don't put all your eggs"},{"speaker":"Christian Bishop","startTime":1539.741,"endTime":1541.386,"body":"in one basket's so important."},{"speaker":"Christian Bishop","startTime":1541.546,"endTime":1545.386,"body":"So for me, it's always been that way and"},{"speaker":"Christian Bishop","startTime":1541.546,"endTime":1545.386,"body":"while I don't always hit things right."},{"speaker":"Christian Bishop","startTime":1545.386,"endTime":1550.276,"body":"And I make mistakes like anybody else,"},{"speaker":"Christian Bishop","startTime":1545.386,"endTime":1550.276,"body":"the fact is I minimize financial ruin"},{"speaker":"Christian Bishop","startTime":1550.336,"endTime":1552.016,"body":"by not having everything in one asset."},{"speaker":"Average Joe Finances","startTime":1552.316,"endTime":1553.246,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":1553.246,"endTime":1557.656,"body":"Most my portfolio is mostly real estate,"},{"speaker":"Average Joe Finances","startTime":1553.246,"endTime":1557.656,"body":"so just, but you know what's surprising"},{"speaker":"Average Joe Finances","startTime":1557.661,"endTime":1560.866,"body":"to me is how many real estate agents"},{"speaker":"Average Joe Finances","startTime":1557.661,"endTime":1560.866,"body":"out there actually don't even invest in"},{"speaker":"Average Joe Finances","startTime":1560.871,"endTime":1562.546,"body":"real estate or just don't invest at all?"},{"speaker":"Average Joe Finances","startTime":1562.696,"endTime":1567.406,"body":"So it's there's quite a few out there"},{"speaker":"Average Joe Finances","startTime":1562.696,"endTime":1567.406,"body":"and it's really hard, at least for me,"},{"speaker":"Average Joe Finances","startTime":1567.556,"endTime":1570.586,"body":"when I'm talking with other investors"},{"speaker":"Average Joe Finances","startTime":1567.556,"endTime":1570.586,"body":"and they're like, yeah, I'm trying to"},{"speaker":"Average Joe Finances","startTime":1570.886,"endTime":1573.526,"body":"invest in a couple things and I'm looking"},{"speaker":"Average Joe Finances","startTime":1570.886,"endTime":1573.526,"body":"at these different properties, but the"},{"speaker":"Average Joe Finances","startTime":1573.526,"endTime":1576.526,"body":"agent doesn't really know what's going"},{"speaker":"Average Joe Finances","startTime":1573.526,"endTime":1576.526,"body":"on because that agent doesn't invest."},{"speaker":"Average Joe Finances","startTime":1576.776,"endTime":1580.266,"body":"So I always tell other people, like if"},{"speaker":"Average Joe Finances","startTime":1576.776,"endTime":1580.266,"body":"you're gonna invest in real estate, and"},{"speaker":"Average Joe Finances","startTime":1580.266,"endTime":1583.951,"body":"as an asset class, and you're looking"},{"speaker":"Average Joe Finances","startTime":1580.266,"endTime":1583.951,"body":"for rental properties, Talk to a real"},{"speaker":"Average Joe Finances","startTime":1583.951,"endTime":1586.261,"body":"estate agent that also invests as well."},{"speaker":"Average Joe Finances","startTime":1586.561,"endTime":1588.931,"body":"But like you said too don't put"},{"speaker":"Average Joe Finances","startTime":1586.561,"endTime":1588.931,"body":"all your eggs in one basket."},{"speaker":"Average Joe Finances","startTime":1589.011,"endTime":1592.966,"body":"I don't, I have some equities, I have some"},{"speaker":"Average Joe Finances","startTime":1589.011,"endTime":1592.966,"body":"stuff in the stock market mostly blue chip"},{"speaker":"Average Joe Finances","startTime":1593.126,"endTime":1595.316,"body":"and index funds is what I really like."},{"speaker":"Average Joe Finances","startTime":1595.716,"endTime":1599.136,"body":"I have an account for my kids,"},{"speaker":"Average Joe Finances","startTime":1595.716,"endTime":1599.136,"body":"that's tied in the S\u0026P 500."},{"speaker":"Average Joe Finances","startTime":1599.436,"endTime":1604.756,"body":"And I also I do have some crypto, not"},{"speaker":"Average Joe Finances","startTime":1599.436,"endTime":1604.756,"body":"a lot, cuz I don't know too much about"},{"speaker":"Average Joe Finances","startTime":1604.761,"endTime":1609.606,"body":"it, but I do have a little bit and it's"},{"speaker":"Average Joe Finances","startTime":1604.761,"endTime":1609.606,"body":"just, And it's actually stuff that I even"},{"speaker":"Average Joe Finances","startTime":1609.606,"endTime":1614.256,"body":"put my own money into that there's this"},{"speaker":"Average Joe Finances","startTime":1609.606,"endTime":1614.256,"body":"site, I have my podcast on called Oriel."},{"speaker":"Average Joe Finances","startTime":1614.556,"endTime":1617.856,"body":"And on that website, like people"},{"speaker":"Average Joe Finances","startTime":1614.556,"endTime":1617.856,"body":"can vote for your show and"},{"speaker":"Average Joe Finances","startTime":1617.856,"endTime":1621.816,"body":"everything, and they vote your"},{"speaker":"Average Joe Finances","startTime":1617.856,"endTime":1621.816,"body":"show up by paying crypto into it."},{"speaker":"Average Joe Finances","startTime":1621.936,"endTime":1625.891,"body":"And there's like this one coin it's worth"},{"speaker":"Average Joe Finances","startTime":1621.936,"endTime":1625.891,"body":"like a dollar 17 or something right now."},{"speaker":"Average Joe Finances","startTime":1626.191,"endTime":1630.031,"body":"And got hundreds of these coins"},{"speaker":"Average Joe Finances","startTime":1626.191,"endTime":1630.031,"body":"that I've never even touched and"},{"speaker":"Average Joe Finances","startTime":1630.031,"endTime":1633.491,"body":"they're just sitting in this wallet"},{"speaker":"Average Joe Finances","startTime":1630.031,"endTime":1633.491,"body":"just because it's just there."},{"speaker":"Average Joe Finances","startTime":1633.491,"endTime":1635.141,"body":"And it's something that"},{"speaker":"Average Joe Finances","startTime":1633.491,"endTime":1635.141,"body":"I even have to put into."},{"speaker":"Average Joe Finances","startTime":1635.291,"endTime":1638.831,"body":"The only crypto I think that I've ever"},{"speaker":"Average Joe Finances","startTime":1635.291,"endTime":1638.831,"body":"bought myself in the past was Bitcoin"},{"speaker":"Average Joe Finances","startTime":1638.836,"endTime":1642.501,"body":"and Ethereum, the major players,"},{"speaker":"Average Joe Finances","startTime":1638.836,"endTime":1642.501,"body":"but, I don't know enough about it to"},{"speaker":"Average Joe Finances","startTime":1642.501,"endTime":1644.451,"body":"mess around too much with that stuff."},{"speaker":"Average Joe Finances","startTime":1644.751,"endTime":1647.181,"body":"Sometimes you do have to step"},{"speaker":"Average Joe Finances","startTime":1644.751,"endTime":1647.181,"body":"outside of your comfort zone, but"},{"speaker":"Average Joe Finances","startTime":1647.181,"endTime":1650.551,"body":"at the same time, when it comes to"},{"speaker":"Average Joe Finances","startTime":1647.181,"endTime":1650.551,"body":"your money, you wanna make sure you"},{"speaker":"Average Joe Finances","startTime":1650.551,"endTime":1654.301,"body":"understand the assets, you're putting"},{"speaker":"Average Joe Finances","startTime":1650.551,"endTime":1654.301,"body":"it into not something you're just"},{"speaker":"Average Joe Finances","startTime":1654.301,"endTime":1655.861,"body":"like, oh, I'm gonna roll the dice."},{"speaker":"Average Joe Finances","startTime":1655.866,"endTime":1657.531,"body":"Cuz then that's just"},{"speaker":"Average Joe Finances","startTime":1655.866,"endTime":1657.531,"body":"gambling, at that point."},{"speaker":"Average Joe Finances","startTime":1657.531,"endTime":1661.656,"body":"So you wanna educate yourself, go talk"},{"speaker":"Average Joe Finances","startTime":1657.531,"endTime":1661.656,"body":"to someone like Christian here and find"},{"speaker":"Average Joe Finances","startTime":1661.656,"endTime":1666.156,"body":"out what's a good plan for you based on"},{"speaker":"Average Joe Finances","startTime":1661.656,"endTime":1666.156,"body":"your income, based on your own strategies."},{"speaker":"Average Joe Finances","startTime":1666.206,"endTime":1670.586,"body":"So I think that's super important that"},{"speaker":"Average Joe Finances","startTime":1666.206,"endTime":1670.586,"body":"everybody has their own plan, right?"},{"speaker":"Average Joe Finances","startTime":1670.586,"endTime":1673.676,"body":"Don't just go into it,"},{"speaker":"Average Joe Finances","startTime":1670.586,"endTime":1673.676,"body":"willy-nilly without a plan."},{"speaker":"Average Joe Finances","startTime":1673.976,"endTime":1678.926,"body":"Cause typically that's when you fail"},{"speaker":"Average Joe Finances","startTime":1673.976,"endTime":1678.926,"body":"and sometimes people need failure."},{"speaker":"Average Joe Finances","startTime":1679.226,"endTime":1683.381,"body":"I've failed several times when it comes"},{"speaker":"Average Joe Finances","startTime":1679.226,"endTime":1683.381,"body":"to investing and other things in life."},{"speaker":"Average Joe Finances","startTime":1683.386,"endTime":1685.991,"body":"And that failure is what"},{"speaker":"Average Joe Finances","startTime":1683.386,"endTime":1685.991,"body":"actually open my eyes to, okay."},{"speaker":"Average Joe Finances","startTime":1685.991,"endTime":1687.581,"body":"I gotta do things differently here."},{"speaker":"Average Joe Finances","startTime":1687.741,"endTime":1692.481,"body":"Having a good plan and having a good"},{"speaker":"Average Joe Finances","startTime":1687.741,"endTime":1692.481,"body":"financial planner advisor, coach, whatever"},{"speaker":"Average Joe Finances","startTime":1692.481,"endTime":1694.581,"body":"you use, don't try to do it alone."},{"speaker":"Average Joe Finances","startTime":1694.581,"endTime":1695.751,"body":"You don't have to do it alone."},{"speaker":"Average Joe Finances","startTime":1695.751,"endTime":1698.651,"body":"Nobody's ever alone in this, there's"},{"speaker":"Average Joe Finances","startTime":1695.751,"endTime":1698.651,"body":"always some awesome people in the"},{"speaker":"Average Joe Finances","startTime":1698.651,"endTime":1701.351,"body":"community that are willing to help"},{"speaker":"Average Joe Finances","startTime":1698.651,"endTime":1701.351,"body":"you and take you to that next level."},{"speaker":"Average Joe Finances","startTime":1701.501,"endTime":1703.631,"body":"Definitely appreciate that,"},{"speaker":"Average Joe Finances","startTime":1701.501,"endTime":1703.631,"body":"that perspective, Christian."},{"speaker":"Average Joe Finances","startTime":1703.781,"endTime":1706.486,"body":"Again, I find myself saying"},{"speaker":"Average Joe Finances","startTime":1703.781,"endTime":1706.486,"body":"this often that's awesome."},{"speaker":"Christian Bishop","startTime":1706.786,"endTime":1707.446,"body":"No, that's good."},{"speaker":"Christian Bishop","startTime":1707.506,"endTime":1709.436,"body":"And I, wasn't just picking on realtors."},{"speaker":"Christian Bishop","startTime":1709.536,"endTime":1712.866,"body":"They aren't actually my toughest"},{"speaker":"Christian Bishop","startTime":1709.536,"endTime":1712.866,"body":"clients, I think back now, after I said"},{"speaker":"Christian Bishop","startTime":1712.866,"endTime":1714.786,"body":"that, It's the folks who come to me."},{"speaker":"Christian Bishop","startTime":1714.786,"endTime":1718.266,"body":"And I find out that when I first talk"},{"speaker":"Christian Bishop","startTime":1714.786,"endTime":1718.266,"body":"to them that their retirement plan"},{"speaker":"Christian Bishop","startTime":1718.296,"endTime":1722.216,"body":"is playing the lottery and I'm like"},{"speaker":"Christian Bishop","startTime":1718.296,"endTime":1722.216,"body":"okay, now we have a lot more work to"},{"speaker":"Christian Bishop","startTime":1722.216,"endTime":1724.316,"body":"do so realtors way easier than that."},{"speaker":"Average Joe Finances","startTime":1724.616,"endTime":1724.736,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1725.036,"endTime":1725.366,"body":"wow."},{"speaker":"Average Joe Finances","startTime":1725.416,"endTime":1725.776,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1725.926,"endTime":1729.856,"body":"Growing up on long island, New York,"},{"speaker":"Average Joe Finances","startTime":1725.926,"endTime":1729.856,"body":"I saw that a lot with just even my"},{"speaker":"Average Joe Finances","startTime":1729.856,"endTime":1733.676,"body":"own family and friends and stuff like"},{"speaker":"Average Joe Finances","startTime":1729.856,"endTime":1733.676,"body":"everybody's oh yeah, I'm just, I, I buy"},{"speaker":"Average Joe Finances","startTime":1733.676,"endTime":1737.491,"body":"this many lottery tickets a week and"},{"speaker":"Average Joe Finances","startTime":1733.676,"endTime":1737.491,"body":"this is, once I hit it, then that's it."},{"speaker":"Average Joe Finances","startTime":1737.491,"endTime":1741.361,"body":"I'm like, you realize that the $5"},{"speaker":"Average Joe Finances","startTime":1737.491,"endTime":1741.361,"body":"ticket that you buy, like every day,"},{"speaker":"Average Joe Finances","startTime":1741.361,"endTime":1745.081,"body":"every week, that if you invested that,"},{"speaker":"Average Joe Finances","startTime":1741.361,"endTime":1745.081,"body":"what that would be right now, like"},{"speaker":"Average Joe Finances","startTime":1745.081,"endTime":1746.851,"body":"absolutely over a 20 year period."},{"speaker":"Average Joe Finances","startTime":1747.151,"endTime":1748.741,"body":"Would've hit the lottery, right?"},{"speaker":"Average Joe Finances","startTime":1748.741,"endTime":1748.801,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1748.861,"endTime":1750.481,"body":"By just investing in yourself."},{"speaker":"Average Joe Finances","startTime":1750.536,"endTime":1750.836,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1750.896,"endTime":1751.406,"body":"Oh man."},{"speaker":"Average Joe Finances","startTime":1751.706,"endTime":1752.096,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1752.336,"endTime":1755.306,"body":"Hey, so Christian, I'd like to"},{"speaker":"Average Joe Finances","startTime":1752.336,"endTime":1755.306,"body":"transition this into something."},{"speaker":"Average Joe Finances","startTime":1755.306,"endTime":1759.326,"body":"I call the final round where I'm gonna"},{"speaker":"Average Joe Finances","startTime":1755.306,"endTime":1759.326,"body":"hit you with four questions that I like"},{"speaker":"Average Joe Finances","startTime":1759.331,"endTime":1760.766,"body":"to ask everybody that comes on the show."},{"speaker":"Average Joe Finances","startTime":1760.766,"endTime":1763.501,"body":"So if you're ready, we'll"},{"speaker":"Average Joe Finances","startTime":1760.766,"endTime":1763.501,"body":"get this party started."},{"speaker":"Christian Bishop","startTime":1763.801,"endTime":1764.281,"body":"All right."},{"speaker":"Christian Bishop","startTime":1764.281,"endTime":1765.121,"body":"I'm looking forward to it."},{"speaker":"Christian Bishop","startTime":1765.241,"endTime":1765.781,"body":"Let's go."},{"speaker":"Average Joe Finances","startTime":1766.051,"endTime":1766.561,"body":"All right, Christian."},{"speaker":"Average Joe Finances","startTime":1766.561,"endTime":1766.921,"body":"Here we go."},{"speaker":"Average Joe Finances","startTime":1766.921,"endTime":1771.101,"body":"So the first question is what's the"},{"speaker":"Average Joe Finances","startTime":1766.921,"endTime":1771.101,"body":"biggest mistake you've ever made?"},{"speaker":"Christian Bishop","startTime":1771.401,"endTime":1772.781,"body":"In financial matters."},{"speaker":"Christian Bishop","startTime":1772.851,"endTime":1776.601,"body":"It's not buying Amazon at $2 and 28 cents."},{"speaker":"Christian Bishop","startTime":1776.801,"endTime":1780.791,"body":"But from a personal perspective is"},{"speaker":"Christian Bishop","startTime":1776.801,"endTime":1780.791,"body":"trying to figure out what I wanna do"},{"speaker":"Christian Bishop","startTime":1780.791,"endTime":1782.591,"body":"in life and waiting too long to do it."},{"speaker":"Christian Bishop","startTime":1782.721,"endTime":1785.206,"body":"I feel it's hard when you're 18"},{"speaker":"Christian Bishop","startTime":1782.721,"endTime":1785.206,"body":"years old and they say, okay,"},{"speaker":"Christian Bishop","startTime":1785.206,"endTime":1786.046,"body":"you're gonna go off to college."},{"speaker":"Christian Bishop","startTime":1786.046,"endTime":1786.646,"body":"What do you wanna do?"},{"speaker":"Christian Bishop","startTime":1786.946,"endTime":1790.846,"body":"And that's so unfair, but I feel like"},{"speaker":"Christian Bishop","startTime":1786.946,"endTime":1790.846,"body":"I should have gone with my passion."},{"speaker":"Christian Bishop","startTime":1791.146,"endTime":1794.746,"body":"For me, my passion was finance, but I"},{"speaker":"Christian Bishop","startTime":1791.146,"endTime":1794.746,"body":"was thinking about dollars and cents."},{"speaker":"Christian Bishop","startTime":1794.746,"endTime":1797.566,"body":"So I started in actual micro"},{"speaker":"Christian Bishop","startTime":1794.746,"endTime":1797.566,"body":"electronics was where I was going"},{"speaker":"Christian Bishop","startTime":1797.566,"endTime":1799.276,"body":"down, realized that wasn't for me."},{"speaker":"Christian Bishop","startTime":1799.426,"endTime":1800.866,"body":"So I should have followed my passion."},{"speaker":"Christian Bishop","startTime":1801.166,"endTime":1804.946,"body":"So biggest mistake, financial, not"},{"speaker":"Christian Bishop","startTime":1801.166,"endTime":1804.946,"body":"buying Amazon at $2 and change."},{"speaker":"Christian Bishop","startTime":1805.066,"endTime":1808.417,"body":"And then on the other end, not following"},{"speaker":"Christian Bishop","startTime":1805.066,"endTime":1808.417,"body":"my passion when I was deciding what to do."},{"speaker":"Average Joe Finances","startTime":1808.717,"endTime":1809.107,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1809.107,"endTime":1813.412,"body":"Every, everybody has one of those,"},{"speaker":"Average Joe Finances","startTime":1809.107,"endTime":1813.412,"body":"oh, like FOMO things where, you"},{"speaker":"Average Joe Finances","startTime":1813.412,"endTime":1817.122,"body":"know, for me, I had this this"},{"speaker":"Average Joe Finances","startTime":1813.412,"endTime":1817.122,"body":"stock that I bought a couple years"},{"speaker":"Average Joe Finances","startTime":1817.122,"endTime":1818.652,"body":"ago, it was called plug power."},{"speaker":"Average Joe Finances","startTime":1818.892,"endTime":1820.992,"body":"I bought it at $2 and change."},{"speaker":"Average Joe Finances","startTime":1821.142,"endTime":1824.477,"body":"And I dropped about I think"},{"speaker":"Average Joe Finances","startTime":1821.142,"endTime":1824.477,"body":"it was $4,000 into it."},{"speaker":"Average Joe Finances","startTime":1824.477,"endTime":1826.727,"body":"So I had, Whatever it doubled."},{"speaker":"Average Joe Finances","startTime":1826.727,"endTime":1829.727,"body":"So I was like, cuz they, they had an"},{"speaker":"Average Joe Finances","startTime":1826.727,"endTime":1829.727,"body":"acquisition of three other companies,"},{"speaker":"Average Joe Finances","startTime":1829.727,"endTime":1834.527,"body":"like three other power companies and it,"},{"speaker":"Average Joe Finances","startTime":1829.727,"endTime":1834.527,"body":"the price doubled, it was crushing it."},{"speaker":"Average Joe Finances","startTime":1834.767,"endTime":1835.877,"body":"And I'm like, okay, cool."},{"speaker":"Average Joe Finances","startTime":1835.927,"endTime":1836.797,"body":"I doubled my money."},{"speaker":"Average Joe Finances","startTime":1836.802,"endTime":1840.127,"body":"I'm pulling it out instead of pulling"},{"speaker":"Average Joe Finances","startTime":1836.802,"endTime":1840.127,"body":"out what I put into it and leaving."},{"speaker":"Average Joe Finances","startTime":1840.427,"endTime":1844.027,"body":"The rest in, like I should have, fast"},{"speaker":"Average Joe Finances","startTime":1840.427,"endTime":1844.027,"body":"forward, three months later, it got up to"},{"speaker":"Average Joe Finances","startTime":1844.027,"endTime":1846.907,"body":"$68 a share that $4,000 I would've put in."},{"speaker":"Average Joe Finances","startTime":1846.907,"endTime":1848.707,"body":"Would've been over $500,000."},{"speaker":"Average Joe Finances","startTime":1848.917,"endTime":1849.157,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1849.162,"endTime":1851.467,"body":"So things like that happen."},{"speaker":"Average Joe Finances","startTime":1851.767,"endTime":1851.857,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1851.862,"endTime":1852.697,"body":"And it's okay."},{"speaker":"Average Joe Finances","startTime":1852.877,"endTime":1854.587,"body":"Cause I still made a profit, so it's okay."},{"speaker":"Average Joe Finances","startTime":1854.737,"endTime":1858.627,"body":"I try not to look at that too much, but"},{"speaker":"Average Joe Finances","startTime":1854.737,"endTime":1858.627,"body":"I like to share that because it happens."},{"speaker":"Average Joe Finances","startTime":1858.657,"endTime":1861.667,"body":"And sometimes it really"},{"speaker":"Average Joe Finances","startTime":1858.657,"endTime":1861.667,"body":"stings, but it's okay."},{"speaker":"Average Joe Finances","startTime":1861.967,"endTime":1866.017,"body":"Because as long as you know how to move on"},{"speaker":"Average Joe Finances","startTime":1861.967,"endTime":1866.017,"body":"and keep going, you're gonna be all right."},{"speaker":"Average Joe Finances","startTime":1866.017,"endTime":1867.097,"body":"And you're gonna be successful."},{"speaker":"Average Joe Finances","startTime":1867.247,"endTime":1871.597,"body":"Christian, the next question I have"},{"speaker":"Average Joe Finances","startTime":1867.247,"endTime":1871.597,"body":"for you is, especially with your 25"},{"speaker":"Average Joe Finances","startTime":1871.597,"endTime":1875.347,"body":"years of experience in this field"},{"speaker":"Average Joe Finances","startTime":1871.597,"endTime":1875.347,"body":"is what is something that you've"},{"speaker":"Average Joe Finances","startTime":1875.352,"endTime":1879.667,"body":"learned over this time that you wish"},{"speaker":"Average Joe Finances","startTime":1875.352,"endTime":1879.667,"body":"you knew when you first got started?"},{"speaker":"Christian Bishop","startTime":1879.967,"endTime":1880.897,"body":"People are people."},{"speaker":"Christian Bishop","startTime":1881.197,"endTime":1884.887,"body":"And early on, I don't have"},{"speaker":"Christian Bishop","startTime":1881.197,"endTime":1884.887,"body":"that life experience to really"},{"speaker":"Christian Bishop","startTime":1884.887,"endTime":1886.777,"body":"know how to work with people."},{"speaker":"Christian Bishop","startTime":1887.077,"endTime":1890.527,"body":"And it seems in this day and age,"},{"speaker":"Christian Bishop","startTime":1887.077,"endTime":1890.527,"body":"there's a lot of acrimony and"},{"speaker":"Christian Bishop","startTime":1890.527,"endTime":1892.442,"body":"there's like sides to everything."},{"speaker":"Christian Bishop","startTime":1892.742,"endTime":1895.382,"body":"And I've learned that through life."},{"speaker":"Christian Bishop","startTime":1895.682,"endTime":1898.682,"body":"I think there's a lot more in common"},{"speaker":"Christian Bishop","startTime":1895.682,"endTime":1898.682,"body":"with people if you just talk to 'em"},{"speaker":"Christian Bishop","startTime":1898.982,"endTime":1900.422,"body":"and listen to what they have to say."},{"speaker":"Christian Bishop","startTime":1900.722,"endTime":1903.272,"body":"And early on in my"},{"speaker":"Christian Bishop","startTime":1900.722,"endTime":1903.272,"body":"career, I talked too much."},{"speaker":"Christian Bishop","startTime":1903.572,"endTime":1904.877,"body":"and didn't listen enough."},{"speaker":"Christian Bishop","startTime":1905.147,"endTime":1906.587,"body":"And now I listen a lot more."},{"speaker":"Christian Bishop","startTime":1906.767,"endTime":1909.977,"body":"Hear what they're saying, find"},{"speaker":"Christian Bishop","startTime":1906.767,"endTime":1909.977,"body":"out what their real concerns are"},{"speaker":"Christian Bishop","startTime":1910.127,"endTime":1913.547,"body":"and then maybe address those, what"},{"speaker":"Christian Bishop","startTime":1910.127,"endTime":1913.547,"body":"I can do in the financial world."},{"speaker":"Christian Bishop","startTime":1913.847,"endTime":1916.817,"body":"So it's really about in my"},{"speaker":"Christian Bishop","startTime":1913.847,"endTime":1916.817,"body":"case is listening a lot more"},{"speaker":"Christian Bishop","startTime":1917.117,"endTime":1918.957,"body":"and not talking as much."},{"speaker":"Average Joe Finances","startTime":1919.257,"endTime":1921.367,"body":"No, that's great,"},{"speaker":"Average Joe Finances","startTime":1919.257,"endTime":1921.367,"body":"actually, it's a saying that, and I"},{"speaker":"Average Joe Finances","startTime":1921.367,"endTime":1925.847,"body":"tell my kids this all the time, we're"},{"speaker":"Average Joe Finances","startTime":1921.367,"endTime":1925.847,"body":"given two ears and one mouth, so we"},{"speaker":"Average Joe Finances","startTime":1925.847,"endTime":1927.737,"body":"can listen twice as much as we speak."},{"speaker":"Christian Bishop","startTime":1927.737,"endTime":1928.187,"body":"Good one."},{"speaker":"Average Joe Finances","startTime":1928.487,"endTime":1928.727,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1928.732,"endTime":1929.302,"body":"That's awesome."},{"speaker":"Average Joe Finances","startTime":1929.602,"endTime":1930.922,"body":"And that's a great lesson learned."},{"speaker":"Average Joe Finances","startTime":1930.952,"endTime":1934.347,"body":"That is a fantastic lesson learned, and"},{"speaker":"Average Joe Finances","startTime":1930.952,"endTime":1934.347,"body":"it just goes to show that, Being able to"},{"speaker":"Average Joe Finances","startTime":1934.347,"endTime":1940.467,"body":"listen and learn and get educated is one"},{"speaker":"Average Joe Finances","startTime":1934.347,"endTime":1940.467,"body":"of the most valuable tools that we have"},{"speaker":"Average Joe Finances","startTime":1940.467,"endTime":1945.182,"body":"as we move forward on our own journeys and"},{"speaker":"Average Joe Finances","startTime":1940.467,"endTime":1945.182,"body":"trying to build wealth and generational"},{"speaker":"Average Joe Finances","startTime":1945.187,"endTime":1948.902,"body":"wealth for our families is learn from"},{"speaker":"Average Joe Finances","startTime":1945.187,"endTime":1948.902,"body":"the mistakes of others, of course, learn"},{"speaker":"Average Joe Finances","startTime":1948.907,"endTime":1951.842,"body":"from your own mistakes, but learn from"},{"speaker":"Average Joe Finances","startTime":1948.907,"endTime":1951.842,"body":"the mistakes of others and then learn"},{"speaker":"Average Joe Finances","startTime":1951.842,"endTime":1953.372,"body":"from the people that are successful."},{"speaker":"Average Joe Finances","startTime":1953.672,"endTime":1953.972,"body":"All right."},{"speaker":"Average Joe Finances","startTime":1953.972,"endTime":1954.422,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":1954.722,"endTime":1955.082,"body":"Now."},{"speaker":"Average Joe Finances","startTime":1955.112,"endTime":1955.442,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1955.442,"endTime":1959.312,"body":"Again, so this all kind of ties into"},{"speaker":"Average Joe Finances","startTime":1955.442,"endTime":1959.312,"body":"the next question, it all culminates to"},{"speaker":"Average Joe Finances","startTime":1959.312,"endTime":1962.912,"body":"this, because again with your experience"},{"speaker":"Average Joe Finances","startTime":1959.312,"endTime":1962.912,"body":"and with how many people that you've"},{"speaker":"Average Joe Finances","startTime":1962.942,"endTime":1966.542,"body":"helped over the years, I'm sure you"},{"speaker":"Average Joe Finances","startTime":1962.942,"endTime":1966.542,"body":"still, you take on new clients, right?"},{"speaker":"Average Joe Finances","startTime":1966.542,"endTime":1968.042,"body":"You have new people coming"},{"speaker":"Average Joe Finances","startTime":1966.542,"endTime":1968.042,"body":"to you all the time."},{"speaker":"Average Joe Finances","startTime":1968.282,"endTime":1971.672,"body":"So do you have any tips or tricks"},{"speaker":"Average Joe Finances","startTime":1968.282,"endTime":1971.672,"body":"that you would recommend to someone"},{"speaker":"Average Joe Finances","startTime":1971.672,"endTime":1974.192,"body":"that is just getting started today?"},{"speaker":"Christian Bishop","startTime":1974.492,"endTime":1974.972,"body":"Yeah."},{"speaker":"Christian Bishop","startTime":1974.972,"endTime":1977.702,"body":"And actually, I think you"},{"speaker":"Christian Bishop","startTime":1974.972,"endTime":1977.702,"body":"touched on it earlier."},{"speaker":"Christian Bishop","startTime":1978.002,"endTime":1981.962,"body":"Debt is the biggest detriment to most"},{"speaker":"Christian Bishop","startTime":1978.002,"endTime":1981.962,"body":"of the folks who are just getting,"},{"speaker":"Christian Bishop","startTime":1981.962,"endTime":1983.732,"body":"going in their financial journey."},{"speaker":"Christian Bishop","startTime":1983.852,"endTime":1987.682,"body":"In my opinion, some people are blessed"},{"speaker":"Christian Bishop","startTime":1983.852,"endTime":1987.682,"body":"and not to and arrange their fairs."},{"speaker":"Christian Bishop","startTime":1987.682,"endTime":1991.822,"body":"They don't have it, but so many do"},{"speaker":"Christian Bishop","startTime":1987.682,"endTime":1991.822,"body":"either from education, or maybe they"},{"speaker":"Christian Bishop","startTime":1991.822,"endTime":1993.352,"body":"started a business, whatever it was."},{"speaker":"Christian Bishop","startTime":1993.472,"endTime":1998.812,"body":"And that debt, it's not just the interest"},{"speaker":"Christian Bishop","startTime":1993.472,"endTime":1998.812,"body":"that you pay, it's the cash flow and"},{"speaker":"Christian Bishop","startTime":1998.902,"endTime":2002.712,"body":"that negative cash flow going out for"},{"speaker":"Christian Bishop","startTime":1998.902,"endTime":2002.712,"body":"something that you've already done or"},{"speaker":"Christian Bishop","startTime":2002.712,"endTime":2008.142,"body":"had, can eat away at your ability to do"},{"speaker":"Christian Bishop","startTime":2002.712,"endTime":2008.142,"body":"other things so that has to become the"},{"speaker":"Christian Bishop","startTime":2008.142,"endTime":2011.442,"body":"number one goal is to eliminate debt."},{"speaker":"Christian Bishop","startTime":2011.562,"endTime":2015.042,"body":"Now, not all debt is bad, and we"},{"speaker":"Christian Bishop","startTime":2011.562,"endTime":2015.042,"body":"could talk about that in another show."},{"speaker":"Christian Bishop","startTime":2015.192,"endTime":2017.952,"body":"But I think everybody who's listening"},{"speaker":"Christian Bishop","startTime":2015.192,"endTime":2017.952,"body":"and watching understand what I'm"},{"speaker":"Christian Bishop","startTime":2017.952,"endTime":2021.212,"body":"talking about it's that credit card"},{"speaker":"Christian Bishop","startTime":2017.952,"endTime":2021.212,"body":"debt, the student loan debt, buying"},{"speaker":"Christian Bishop","startTime":2021.212,"endTime":2025.202,"body":"cars that maybe yeah, you qualified"},{"speaker":"Christian Bishop","startTime":2021.212,"endTime":2025.202,"body":"for, but you really shouldn't own."},{"speaker":"Christian Bishop","startTime":2025.352,"endTime":2026.612,"body":"That it goes on and on."},{"speaker":"Christian Bishop","startTime":2026.692,"endTime":2030.082,"body":"Real estate is a great place where"},{"speaker":"Christian Bishop","startTime":2026.692,"endTime":2030.082,"body":"debt can be a positive, but even that"},{"speaker":"Christian Bishop","startTime":2030.082,"endTime":2031.552,"body":"needs to be leveraged appropriately."},{"speaker":"Christian Bishop","startTime":2031.702,"endTime":2035.632,"body":"Debt, get rid of debt, reduce your debt,"},{"speaker":"Christian Bishop","startTime":2031.702,"endTime":2035.632,"body":"lower your debt, whatever you've gotta do"},{"speaker":"Christian Bishop","startTime":2035.932,"endTime":2040.652,"body":"so that the rest of your life, you're not"},{"speaker":"Christian Bishop","startTime":2035.932,"endTime":2040.652,"body":"trapped in that cycle of always paying."},{"speaker":"Average Joe Finances","startTime":2040.825,"endTime":2041.695,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":2041.695,"endTime":2042.205,"body":"I love that."},{"speaker":"Average Joe Finances","startTime":2042.205,"endTime":2046.225,"body":"Cuz a lot of people don't realize, debt"},{"speaker":"Average Joe Finances","startTime":2042.205,"endTime":2046.225,"body":"can be used as a tool and an asset."},{"speaker":"Average Joe Finances","startTime":2046.225,"endTime":2049.805,"body":"I do that, in real estate,  I"},{"speaker":"Average Joe Finances","startTime":2046.225,"endTime":2049.805,"body":"utilize a lot of debt as a tool."},{"speaker":"Average Joe Finances","startTime":2050.025,"endTime":2053.41,"body":"But at the same time, like before"},{"speaker":"Average Joe Finances","startTime":2050.025,"endTime":2053.41,"body":"I got started and I had a lot of"},{"speaker":"Average Joe Finances","startTime":2053.41,"endTime":2056.77,"body":"consumer debt, the credit cards,"},{"speaker":"Average Joe Finances","startTime":2053.41,"endTime":2056.77,"body":"the personal loans and all that."},{"speaker":"Average Joe Finances","startTime":2057.07,"endTime":2059.95,"body":"And that was like the first"},{"speaker":"Average Joe Finances","startTime":2057.07,"endTime":2059.95,"body":"thing I had to tackle."},{"speaker":"Average Joe Finances","startTime":2060.175,"endTime":2064.015,"body":"Before I was able to really get serious"},{"speaker":"Average Joe Finances","startTime":2060.175,"endTime":2064.015,"body":"about what I was doing with my finances."},{"speaker":"Average Joe Finances","startTime":2064.015,"endTime":2067.735,"body":"And I find, that most people that you"},{"speaker":"Average Joe Finances","startTime":2064.015,"endTime":2067.735,"body":"talk to probably 60% of Americans are"},{"speaker":"Average Joe Finances","startTime":2067.735,"endTime":2072.19,"body":"in that boat, where they are, stuck"},{"speaker":"Average Joe Finances","startTime":2067.735,"endTime":2072.19,"body":"in this cycle, making these minimum"},{"speaker":"Average Joe Finances","startTime":2072.19,"endTime":2076.85,"body":"payments and never being able to pay off"},{"speaker":"Average Joe Finances","startTime":2072.19,"endTime":2076.85,"body":"their credit cards because, the interest"},{"speaker":"Average Joe Finances","startTime":2076.855,"endTime":2080.03,"body":"rates are 22% and it is a vicious cycle."},{"speaker":"Average Joe Finances","startTime":2080.03,"endTime":2081.14,"body":"So that is super important."},{"speaker":"Average Joe Finances","startTime":2081.14,"endTime":2084.02,"body":"That's a great, tip to recommend to"},{"speaker":"Average Joe Finances","startTime":2081.14,"endTime":2084.02,"body":"somebody who's just getting started"},{"speaker":"Average Joe Finances","startTime":2084.02,"endTime":2085.175,"body":"is you gotta get rid of that."},{"speaker":"Average Joe Finances","startTime":2085.44,"endTime":2087.63,"body":"That bad debt that's holding you back."},{"speaker":"Average Joe Finances","startTime":2087.63,"endTime":2090.33,"body":"Cuz once you do that, the money"},{"speaker":"Average Joe Finances","startTime":2087.63,"endTime":2090.33,"body":"that you've been throwing into that"},{"speaker":"Average Joe Finances","startTime":2090.33,"endTime":2093.72,"body":"monthly man, there's so many things"},{"speaker":"Average Joe Finances","startTime":2090.33,"endTime":2093.72,"body":"you can do with that at this point."},{"speaker":"Average Joe Finances","startTime":2093.72,"endTime":2094.38,"body":"Fantastic."},{"speaker":"Average Joe Finances","startTime":2094.68,"endTime":2094.89,"body":"All right."},{"speaker":"Average Joe Finances","startTime":2094.89,"endTime":2095.07,"body":"Great."},{"speaker":"Average Joe Finances","startTime":2095.075,"endTime":2099.235,"body":"So look, I know you have a book and"},{"speaker":"Average Joe Finances","startTime":2095.075,"endTime":2099.235,"body":"so I want to just preface this with,"},{"speaker":"Average Joe Finances","startTime":2099.24,"endTime":2103.665,"body":"besides your own  do you have a"},{"speaker":"Average Joe Finances","startTime":2099.24,"endTime":2103.665,"body":"favorite business investing or real"},{"speaker":"Average Joe Finances","startTime":2103.665,"endTime":2106.225,"body":"estate related book or podcast or both?"},{"speaker":"Christian Bishop","startTime":2106.282,"endTime":2110.662,"body":"This is gonna be one"},{"speaker":"Christian Bishop","startTime":2106.282,"endTime":2110.662,"body":"that I doubt many of you have heard or"},{"speaker":"Christian Bishop","startTime":2110.712,"endTime":2113.932,"body":"seen it was came out several years ago."},{"speaker":"Christian Bishop","startTime":2114.052,"endTime":2118.162,"body":"But I feel like for a lot of your"},{"speaker":"Christian Bishop","startTime":2114.052,"endTime":2118.162,"body":"listeners and viewers that are just"},{"speaker":"Christian Bishop","startTime":2118.162,"endTime":2121.282,"body":"starting this journey, it really"},{"speaker":"Christian Bishop","startTime":2118.162,"endTime":2121.282,"body":"would make a big difference for me."},{"speaker":"Christian Bishop","startTime":2121.282,"endTime":2123.292,"body":"It's called The Great American Mismatch."},{"speaker":"Christian Bishop","startTime":2123.612,"endTime":2124.932,"body":"It's by Jim Delamater."},{"speaker":"Christian Bishop","startTime":2125.202,"endTime":2127.792,"body":"You can find it on Amazon"},{"speaker":"Christian Bishop","startTime":2125.202,"endTime":2127.792,"body":"and other, retailers online."},{"speaker":"Christian Bishop","startTime":2127.942,"endTime":2130.612,"body":"And what it is it talks"},{"speaker":"Christian Bishop","startTime":2127.942,"endTime":2130.612,"body":"about in a very short read."},{"speaker":"Christian Bishop","startTime":2130.822,"endTime":2134.612,"body":"It is a very short book is all the"},{"speaker":"Christian Bishop","startTime":2130.822,"endTime":2134.612,"body":"different professionals that you're"},{"speaker":"Christian Bishop","startTime":2134.612,"endTime":2138.062,"body":"gonna work with at some point in"},{"speaker":"Christian Bishop","startTime":2134.612,"endTime":2138.062,"body":"your life, or many of them, including"},{"speaker":"Christian Bishop","startTime":2138.067,"endTime":2140.972,"body":"financial advisors and bankers et cetera."},{"speaker":"Christian Bishop","startTime":2141.272,"endTime":2144.542,"body":"And it gives the reader the"},{"speaker":"Christian Bishop","startTime":2141.272,"endTime":2144.542,"body":"downside of some of these"},{"speaker":"Christian Bishop","startTime":2144.542,"endTime":2146.102,"body":"industries and those folks in it."},{"speaker":"Christian Bishop","startTime":2146.402,"endTime":2149.552,"body":"It's mostly a negative kind of point"},{"speaker":"Christian Bishop","startTime":2146.402,"endTime":2149.552,"body":"of view, but there is the positive"},{"speaker":"Christian Bishop","startTime":2149.552,"endTime":2151.682,"body":"side and it's what to watch out for."},{"speaker":"Christian Bishop","startTime":2151.872,"endTime":2153.462,"body":"What are people trying to get from you?"},{"speaker":"Christian Bishop","startTime":2153.732,"endTime":2156.612,"body":"When they're trying to get you"},{"speaker":"Christian Bishop","startTime":2153.732,"endTime":2156.612,"body":"to buy a product or a service,"},{"speaker":"Christian Bishop","startTime":2156.642,"endTime":2158.292,"body":"what is it in their interest?"},{"speaker":"Christian Bishop","startTime":2158.592,"endTime":2161.652,"body":"And are they putting your interest"},{"speaker":"Christian Bishop","startTime":2158.592,"endTime":2161.652,"body":"first or is it their interest first?"},{"speaker":"Christian Bishop","startTime":2161.802,"endTime":2166.252,"body":"Bankers, insurance invest investment"},{"speaker":"Christian Bishop","startTime":2161.802,"endTime":2166.252,"body":"professionals, accountants, et cetera."},{"speaker":"Christian Bishop","startTime":2166.257,"endTime":2167.492,"body":"It talks about many of them."},{"speaker":"Christian Bishop","startTime":2167.642,"endTime":2170.762,"body":"And I find for somebody who's"},{"speaker":"Christian Bishop","startTime":2167.642,"endTime":2170.762,"body":"just getting, going, read this."},{"speaker":"Christian Bishop","startTime":2171.062,"endTime":2174.052,"body":"It'll take you, a couple hours,"},{"speaker":"Christian Bishop","startTime":2171.062,"endTime":2174.052,"body":"bring it on a plane, whatever."},{"speaker":"Christian Bishop","startTime":2174.252,"endTime":2179.022,"body":"I feel it's probably one of the most"},{"speaker":"Christian Bishop","startTime":2174.252,"endTime":2179.022,"body":"important short books that somebody"},{"speaker":"Christian Bishop","startTime":2179.022,"endTime":2183.522,"body":"could read and get the most information"},{"speaker":"Christian Bishop","startTime":2179.022,"endTime":2183.522,"body":"out so that they can be more aware"},{"speaker":"Christian Bishop","startTime":2183.792,"endTime":2187.032,"body":"of how they're probably being taken"},{"speaker":"Christian Bishop","startTime":2183.792,"endTime":2187.032,"body":"advantage of at some point in their life."},{"speaker":"Christian Bishop","startTime":2187.332,"endTime":2189.992,"body":"Now, some people never are, and"},{"speaker":"Christian Bishop","startTime":2187.332,"endTime":2189.992,"body":"they're really good at this, but I"},{"speaker":"Christian Bishop","startTime":2189.997,"endTime":2193.212,"body":"have all my children read it and just"},{"speaker":"Christian Bishop","startTime":2189.997,"endTime":2193.212,"body":"when you're going out to the world"},{"speaker":"Christian Bishop","startTime":2193.512,"endTime":2194.442,"body":"now, you know what to watch out."},{"speaker":"Average Joe Finances","startTime":2194.592,"endTime":2195.342,"body":"That's fantastic."},{"speaker":"Average Joe Finances","startTime":2195.342,"endTime":2196.542,"body":"That's a great recommendation."},{"speaker":"Average Joe Finances","startTime":2196.622,"endTime":2200.022,"body":"I had to write that one down just because"},{"speaker":"Average Joe Finances","startTime":2196.622,"endTime":2200.022,"body":"of the way you're describing this book."},{"speaker":"Average Joe Finances","startTime":2200.032,"endTime":2203.272,"body":"That's wonderful because a lot of people"},{"speaker":"Average Joe Finances","startTime":2200.032,"endTime":2203.272,"body":"do that, and I just wanna point this"},{"speaker":"Average Joe Finances","startTime":2203.272,"endTime":2206.212,"body":"out a little bit too, especially after"},{"speaker":"Average Joe Finances","startTime":2203.272,"endTime":2206.212,"body":"20 years in the Navy, one of the things"},{"speaker":"Average Joe Finances","startTime":2206.217,"endTime":2209.607,"body":"that I've seen is I've seen it myself"},{"speaker":"Average Joe Finances","startTime":2206.217,"endTime":2209.607,"body":"when I first joined and I see it now"},{"speaker":"Average Joe Finances","startTime":2209.607,"endTime":2211.407,"body":"with young sailors that are joining now."},{"speaker":"Average Joe Finances","startTime":2211.557,"endTime":2214.162,"body":"And this goes for all service"},{"speaker":"Average Joe Finances","startTime":2211.557,"endTime":2214.162,"body":"members or anybody just getting out."},{"speaker":"Average Joe Finances","startTime":2214.462,"endTime":2218.262,"body":"Into the world, for the first"},{"speaker":"Average Joe Finances","startTime":2214.462,"endTime":2218.262,"body":"time they graduated high school"},{"speaker":"Average Joe Finances","startTime":2218.482,"endTime":2220.762,"body":"maybe they're getting a job or"},{"speaker":"Average Joe Finances","startTime":2218.482,"endTime":2220.762,"body":"maybe they're going to college."},{"speaker":"Average Joe Finances","startTime":2221.162,"endTime":2223.912,"body":"And when you get out into the"},{"speaker":"Average Joe Finances","startTime":2221.162,"endTime":2223.912,"body":"world, mom and dad, ain't there"},{"speaker":"Average Joe Finances","startTime":2223.912,"endTime":2225.022,"body":"to hold your hand anymore."},{"speaker":"Average Joe Finances","startTime":2225.212,"endTime":2227.672,"body":"So you show up and you show"},{"speaker":"Average Joe Finances","startTime":2225.212,"endTime":2227.672,"body":"up to your first career."},{"speaker":"Average Joe Finances","startTime":2227.672,"endTime":2230.882,"body":"Like I said, a lot of service"},{"speaker":"Average Joe Finances","startTime":2227.672,"endTime":2230.882,"body":"members run into this and now they"},{"speaker":"Average Joe Finances","startTime":2230.882,"endTime":2232.322,"body":"have a job they're getting paid."},{"speaker":"Average Joe Finances","startTime":2232.322,"endTime":2235.982,"body":"They have a place that they're living now"},{"speaker":"Average Joe Finances","startTime":2232.322,"endTime":2235.982,"body":"outside of their home, they need a car."},{"speaker":"Average Joe Finances","startTime":2236.192,"endTime":2239.712,"body":"So they go to a car dealership and,"},{"speaker":"Average Joe Finances","startTime":2236.192,"endTime":2239.712,"body":"a lot of places like where they might"},{"speaker":"Average Joe Finances","startTime":2239.712,"endTime":2242.622,"body":"be stationed at might not have these"},{"speaker":"Average Joe Finances","startTime":2239.712,"endTime":2242.622,"body":"laws that protect them, you can go"},{"speaker":"Average Joe Finances","startTime":2242.622,"endTime":2244.902,"body":"turn around and say, oh yeah, we"},{"speaker":"Average Joe Finances","startTime":2242.622,"endTime":2244.902,"body":"can get you approved for this car."},{"speaker":"Average Joe Finances","startTime":2244.902,"endTime":2247.672,"body":"We can make your payments,"},{"speaker":"Average Joe Finances","startTime":2244.902,"endTime":2247.672,"body":"$300 or less a month."},{"speaker":"Average Joe Finances","startTime":2247.852,"endTime":2250.072,"body":"You're gonna pay on it for eight"},{"speaker":"Average Joe Finances","startTime":2247.852,"endTime":2250.072,"body":"years and the interest rate's gonna"},{"speaker":"Average Joe Finances","startTime":2250.072,"endTime":2252.232,"body":"be 30%, but Hey, yeah, we got you."},{"speaker":"Average Joe Finances","startTime":2252.432,"endTime":2254.972,"body":"And those are the type of"},{"speaker":"Average Joe Finances","startTime":2252.432,"endTime":2254.972,"body":"places you wanna avoid."},{"speaker":"Average Joe Finances","startTime":2254.972,"endTime":2256.512,"body":"You wanna try to stay"},{"speaker":"Average Joe Finances","startTime":2254.972,"endTime":2256.512,"body":"away from that and that's."},{"speaker":"Average Joe Finances","startTime":2256.662,"endTime":2259.002,"body":"You wanna listen to a podcast"},{"speaker":"Average Joe Finances","startTime":2256.662,"endTime":2259.002,"body":"like this that will steer you"},{"speaker":"Average Joe Finances","startTime":2259.002,"endTime":2260.082,"body":"away from stuff like that."},{"speaker":"Average Joe Finances","startTime":2260.082,"endTime":2260.562,"body":"Absolutely."},{"speaker":"Average Joe Finances","startTime":2260.567,"endTime":2262.572,"body":"So that's the whole point,"},{"speaker":"Average Joe Finances","startTime":2260.567,"endTime":2262.572,"body":"of doing stuff like this."},{"speaker":"Average Joe Finances","startTime":2262.572,"endTime":2265.937,"body":"That's a great book to, for people"},{"speaker":"Average Joe Finances","startTime":2262.572,"endTime":2265.937,"body":"just getting started out to definitely"},{"speaker":"Average Joe Finances","startTime":2265.937,"endTime":2268.847,"body":"check out that might be one of"},{"speaker":"Average Joe Finances","startTime":2265.937,"endTime":2268.847,"body":"the new ones that I recommend as"},{"speaker":"Average Joe Finances","startTime":2268.847,"endTime":2270.377,"body":"a foundational book to check out."},{"speaker":"Average Joe Finances","startTime":2270.377,"endTime":2272.897,"body":"So I'm definitely gonna check this"},{"speaker":"Average Joe Finances","startTime":2270.377,"endTime":2272.897,"body":"one out, cuz it sounds like it's"},{"speaker":"Average Joe Finances","startTime":2272.902,"endTime":2274.487,"body":"got some great nuggets of wisdom in."},{"speaker":"Christian Bishop","startTime":2274.787,"endTime":2275.807,"body":"Absolutely does."},{"speaker":"Average Joe Finances","startTime":2276.107,"endTime":2276.257,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":2276.257,"endTime":2277.487,"body":"Christian, thank you so much for that."},{"speaker":"Average Joe Finances","startTime":2277.487,"endTime":2280.647,"body":"And this conversation's"},{"speaker":"Average Joe Finances","startTime":2277.487,"endTime":2280.647,"body":"been absolutely awesome."},{"speaker":"Average Joe Finances","startTime":2280.647,"endTime":2284.277,"body":"I feel like awesome is the word that"},{"speaker":"Average Joe Finances","startTime":2280.647,"endTime":2284.277,"body":"I've used so much on this episode,"},{"speaker":"Average Joe Finances","startTime":2284.277,"endTime":2287.607,"body":"because this has just been some great"},{"speaker":"Average Joe Finances","startTime":2284.277,"endTime":2287.607,"body":"information and for the people that"},{"speaker":"Average Joe Finances","startTime":2287.607,"endTime":2290.602,"body":"are listening to this right now that"},{"speaker":"Average Joe Finances","startTime":2287.607,"endTime":2290.602,"body":"agree with me that this interview's"},{"speaker":"Average Joe Finances","startTime":2290.602,"endTime":2294.112,"body":"been awesome and they wanna know more"},{"speaker":"Average Joe Finances","startTime":2290.602,"endTime":2294.112,"body":"about you because they like what you're"},{"speaker":"Average Joe Finances","startTime":2294.117,"endTime":2297.192,"body":"putting out, they like the information"},{"speaker":"Average Joe Finances","startTime":2294.117,"endTime":2297.192,"body":"that you're sharing with all of us."},{"speaker":"Average Joe Finances","startTime":2297.492,"endTime":2299.777,"body":"And they're gonna wanna know"},{"speaker":"Average Joe Finances","startTime":2297.492,"endTime":2299.777,"body":"where they could find you."},{"speaker":"Average Joe Finances","startTime":2299.777,"endTime":2303.277,"body":"So do you have anywhere that we"},{"speaker":"Average Joe Finances","startTime":2299.777,"endTime":2303.277,"body":"can send them a website, any social"},{"speaker":"Average Joe Finances","startTime":2303.277,"endTime":2305.437,"body":"media, anything like that, where"},{"speaker":"Average Joe Finances","startTime":2303.277,"endTime":2305.437,"body":"people can come check you out?"},{"speaker":"Christian Bishop","startTime":2305.737,"endTime":2305.857,"body":"Yeah."},{"speaker":"Christian Bishop","startTime":2305.857,"endTime":2308.847,"body":"And I'm on all the various social"},{"speaker":"Christian Bishop","startTime":2305.857,"endTime":2308.847,"body":"media outlets, but they can go to"},{"speaker":"Christian Bishop","startTime":2308.847,"endTime":2312.777,"body":"hidden cash uncovered and on my"},{"speaker":"Christian Bishop","startTime":2308.847,"endTime":2312.777,"body":"website has links to where they"},{"speaker":"Christian Bishop","startTime":2312.797,"endTime":2314.217,"body":"can find the book more about me."},{"speaker":"Christian Bishop","startTime":2314.367,"endTime":2317.367,"body":"Some information hiddencashuncovered.com."},{"speaker":"Christian Bishop","startTime":2317.487,"endTime":2318.027,"body":"Start there."},{"speaker":"Christian Bishop","startTime":2318.027,"endTime":2318.627,"body":"It's easy."},{"speaker":"Christian Bishop","startTime":2318.777,"endTime":2320.577,"body":"Or they can just look my name"},{"speaker":"Christian Bishop","startTime":2318.777,"endTime":2320.577,"body":"up and they'll find me around"},{"speaker":"Christian Bishop","startTime":2320.577,"endTime":2321.737,"body":"at the various places as well."},{"speaker":"Christian Bishop","startTime":2322.037,"endTime":2322.507,"body":"So thank you."},{"speaker":"Average Joe Finances","startTime":2322.677,"endTime":2323.577,"body":"Yeah, fantastic."},{"speaker":"Average Joe Finances","startTime":2323.577,"endTime":2326.217,"body":"So guys, Hey, I'm gonna make sure"},{"speaker":"Average Joe Finances","startTime":2323.577,"endTime":2326.217,"body":"I have all those links in the"},{"speaker":"Average Joe Finances","startTime":2326.217,"endTime":2329.137,"body":"show notes, make it easier for"},{"speaker":"Average Joe Finances","startTime":2326.217,"endTime":2329.137,"body":"you to find go check out his book."},{"speaker":"Average Joe Finances","startTime":2329.137,"endTime":2332.792,"body":"Cuz just with the wave tops that"},{"speaker":"Average Joe Finances","startTime":2329.137,"endTime":2332.792,"body":"we've touched here, you can see"},{"speaker":"Average Joe Finances","startTime":2332.792,"endTime":2337.852,"body":"obviously, that book is gonna provide"},{"speaker":"Average Joe Finances","startTime":2332.792,"endTime":2337.852,"body":"you a lot of golden nuggets of how to"},{"speaker":"Average Joe Finances","startTime":2338.122,"endTime":2340.612,"body":"uncover that cash that's been hidden."},{"speaker":"Average Joe Finances","startTime":2340.612,"endTime":2345.082,"body":"And how to try to  get some of that"},{"speaker":"Average Joe Finances","startTime":2340.612,"endTime":2345.082,"body":"back and not overpay the government"},{"speaker":"Average Joe Finances","startTime":2345.082,"endTime":2349.602,"body":"because Hey they do make enough off"},{"speaker":"Average Joe Finances","startTime":2345.082,"endTime":2349.602,"body":"of us as it is so as long as you."},{"speaker":"Average Joe Finances","startTime":2349.802,"endTime":2353.112,"body":"Being the, one of the people that"},{"speaker":"Average Joe Finances","startTime":2349.802,"endTime":2353.112,"body":"are overpaying and losing out,"},{"speaker":"Average Joe Finances","startTime":2353.162,"endTime":2356.462,"body":"making sure you're putting more in"},{"speaker":"Average Joe Finances","startTime":2353.162,"endTime":2356.462,"body":"your pocket to save, for your future"},{"speaker":"Average Joe Finances","startTime":2356.522,"endTime":2358.422,"body":"instead of, everyone else's right."},{"speaker":"Average Joe Finances","startTime":2358.422,"endTime":2361.182,"body":"You gotta focus on yourself a"},{"speaker":"Average Joe Finances","startTime":2358.422,"endTime":2361.182,"body":"little bit and this is one of the"},{"speaker":"Average Joe Finances","startTime":2361.182,"endTime":2364.272,"body":"points where, Hey, I'm not saying"},{"speaker":"Average Joe Finances","startTime":2361.182,"endTime":2364.272,"body":"that paying taxes is a bad thing."},{"speaker":"Average Joe Finances","startTime":2364.302,"endTime":2367.192,"body":"Paying taxes is a patriotic"},{"speaker":"Average Joe Finances","startTime":2364.302,"endTime":2367.192,"body":"thing to do, right?"},{"speaker":"Average Joe Finances","startTime":2367.192,"endTime":2368.942,"body":"Because the nation needs money."},{"speaker":"Average Joe Finances","startTime":2369.242,"endTime":2373.712,"body":"you don't wanna overpay just like you"},{"speaker":"Average Joe Finances","startTime":2369.242,"endTime":2373.712,"body":"don't want to go to Starbucks and pay $8"},{"speaker":"Average Joe Finances","startTime":2373.742,"endTime":2376.052,"body":"for already an overpriced cup of coffee."},{"speaker":"Average Joe Finances","startTime":2376.052,"endTime":2377.492,"body":"That's $4 in change, right?"},{"speaker":"Average Joe Finances","startTime":2377.762,"endTime":2380.192,"body":"So you don't want to pay"},{"speaker":"Average Joe Finances","startTime":2377.762,"endTime":2380.192,"body":"more than you have to."},{"speaker":"Average Joe Finances","startTime":2380.442,"endTime":2382.137,"body":"I think that's the biggest point here."},{"speaker":"Average Joe Finances","startTime":2382.327,"endTime":2385.507,"body":"So Christian, again, this"},{"speaker":"Average Joe Finances","startTime":2382.327,"endTime":2385.507,"body":"was a fantastic conversation."},{"speaker":"Average Joe Finances","startTime":2385.727,"endTime":2390.0,"body":"It was a pleasure speaking with you"},{"speaker":"Average Joe Finances","startTime":2385.727,"endTime":2390.0,"body":"today, and I truly appreciate you taking"},{"speaker":"Average Joe Finances","startTime":2390.0,"endTime":2391.8,"body":"the time to, to chat with me today."},{"speaker":"Average Joe Finances","startTime":2391.8,"endTime":2392.58,"body":"Thanks so much."},{"speaker":"Christian Bishop","startTime":2392.88,"endTime":2393.21,"body":"Mike."},{"speaker":"Christian Bishop","startTime":2393.215,"endTime":2393.63,"body":"Thank you."},{"speaker":"Christian Bishop","startTime":2393.63,"endTime":2395.135,"body":"I really appreciate being on your show."},{"speaker":"Christian Bishop","startTime":2395.185,"endTime":2395.555,"body":"Thank you."},{"speaker":"Average Joe Finances","startTime":2395.73,"endTime":2396.51,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":2396.51,"endTime":2397.795,"body":"And Aloha from Hawaii."},{"speaker":"Christian Bishop","startTime":2398.035,"endTime":2398.575,"body":"All right."}]}