Feb 7, 2014|
Tommy talks to Brad Fortier, a certified financial planner with Fortier Financial, about how nearly half of Americans are living paycheck to paycheck
Tommy talks to Kevin in Metairie about his wife's need for medication to cope with constant, chronic pain.
Tommy talks to WWL-TV reporter Meg Farris about a new report that New Orleans had more drug-related deaths than homicides.
Tommy talks to State Representative Cameron Henry about the current state and the future of TOPS.
Tommy talks to David Howard, Professor in the Dept. of Health Policy and Management at Emory University, about the state of Obamacare going forward.
Automatically Generated Transcript (may not be 100% accurate)
Tucker WW good to be backing Clinton had. Chilly Friday morning where in the mid to upper thirties throughout the area sunny. Cloudy and occasion highs around -- -- day in and looking ahead of the weekend some early morning rain. That started Friday night and then it turns. Sunny and cold with highs around 61 and then Sunday the jewel of that weekend crown with highs around 66 and planning -- sunshine. New survey out says that half of America lives paycheck to paycheck now a year ago at this time. Some studies quoted at 76%. Of Americans living paycheck to paycheck. And a billionaire also saying the difference between the 1% of America's wealthy in the rest of us is hard work. Well as -- -- the audience do you think rich people really work harder than you do when do you think you'll ever get rich before you die -- do you have to do and is. Money got anything to do with happiness spreads for Jay joins us right now friend of myers' certified financial. Planner with -- financial and and one heck of a driver when it comes -- -- the morning Brad how -- Dillon who aren't already Barack thanks thank you for taking the time with this tell me about him. Americans living paycheck to paycheck and com do you see it a lot in your business and again I guess if you are on and are you find money to invest. Yet members to be fair but the people market regulator and life -- and have comment on a lot of the right thing ever arm and so topic of lottery and enjoy common ownership didn't -- kind of talked younger folks that. You know like Utley in in communicating with younger people happily. Seems pretty apparent to me that a lot of -- are living paycheck to paycheck and I think literally don't want to work around that we have to either get our expert down here at a dinner and come out. -- as a bread and spend his time playing golf -- like immediately -- -- times a year and it's. Had the opportunity that Brennan what people think you -- -- three times a week. -- per. -- through the opposite Tommy if you are living paycheck to paycheck. I guess it EU guy comes on the ultimate question like you said he -- do you get to make more money yours scandalous the explain this to somebody is listening right now. And I think in mullet like that like to provide for the future but right now I'm pretty busy provides for the present. -- in the backdrop there weren't you know we're sort of in the you know technically sort of structural pressure that's out there. Struck everybody feel about the reason a incomes are stagnating. The reason GDP growth is remain consistently double -- Trenton. But but. Underneath all that there's a lot of good things happened economy just one example wrote a book a couple of years back and in the Internet and essentially acting in the battering ram a lot of gatekeepers and old industries and end. It's very eking -- an individual degenerate an additional income source using the technology the Internet so there's sort of that. You know revolution take place for people who do you wanna try and you know reinvent themselves or or develop our brand and whether blogger writing a book what you want to -- -- of opportunities out there like -- For folks who -- struggle. I detect a break in a phone lines are open of Yemeni questions for Brandon T 601878. -- 3866889087. And on a lot of people have just entered the workforce. Feel as though they're gonna live forever but I think the point -- don't feel like it works for a so we'll talk about then also talk about those billionaires and the 1% of American control a lot of the wealth and work a lot harder than the rest of people. Seven to anyone wanna clean this up I was saying -- and -- that makes no sense at all -- wanted to dine and then dash. Tabulated -- and I would go to Michael -- -- Sorry I'm Tucker stepped -- -- got back. -- stick text off gone on a fiftieth anniversary of The Beatles you can text your favorite Beatles age 7878. John Ringo Georgia call as it stands now John leading -- 25. Paul in second place at seventeen and Ringo a surprising third at ten. And George Harrison is getting more votes were talking a bread for GA has certified financial planner. With his company 148 financial and bread were you know we got a ready jaguar opinion poll do you think rich people work harder than those who aren't rich. 68%. Are saying no as it stands right now and resume you've got a lot of experience with this to people -- handsome assets is that a function of again lucky isn't because. They -- smarter or is because they just discipline themselves and and put some money away. Combination saying to nose wasn't he talked about it that I am they'll comment about rich people work harder I'm not sure that we can say that. In other guy that just pick up the trash in my mouth and I am no different between the true art work that. I think it's a combination of things that they get sort of double behaviors that we all engage and I think what I observed as well -- people have a tendency to. They don't value money nearly like we like their claim that they do you think. But the emotional and I work with actually -- very modestly within -- -- you wouldn't be kicked out the difference between that and the person living paycheck to paycheck probably I think it's our public behavioral issues. I think real good point our finger but the structural. Issue some of the actual policy under which you know our current economy. Being driven not really divide and David Corn senate -- consumption so to a large extent we can kind of blame ourselves -- acre. But at same point we all we also look at the rules under which were operating and it's pretty clear to me that current. Fed policies and a lot of our fiscal monitor policies are geared toward striving consume rather than shape so I think it's there by combination -- -- -- -- you know I think that's an interesting component of it because. I think a lot of people chased the bill gates' dream if you wanna call it dead and think that unless they. Are one of the riches people and America that somehow their life is a failure in. I think yeah understand and trying to say where they don't realize that you have pretty good life -- middle class living and it's not necessarily about money. -- things are always go back to -- I'm not talking more more with my -- these days Tuesday. Regulator like you know I always point to summon a flabby arms in my life where Katrina -- -- -- counselor Chirac and as kind of television that rabbit years preacher -- -- make a lot of time we bring error on sort of strap on ourselves and now. I think will find is as we can probably due to college live quote like a lot less than we think we need now -- -- It it won't come back -- ask you this when you. When you have an. Hard times -- even some money. And you are living paycheck to paycheck what are some of the common things that you can do. Did try to find a way to put something aside in from. What about if you have parents who are having a hard times they've been and you think that debt. Burton's gonna follow -- how do you fix that bred for -- against -- certified financial planner with forgy financial will continue our conversation. When we come back right now time for -- WL first news. So we're going to see that I thank you David Blake talking to Brad Forte is certified financial planner with four to eight financial and the -- to billionaires and a difference between 1% of America's wealthy in the rest of lewis' hard work. Whereas in -- think rich people work harder than you do do you think you'll get rich before you die in the -- -- to be happy and -- they get a text here is saying you know we became parents later in life another one says they got divorced and suddenly became single. Parents in the forties or fifties they get kids in the costs school and college in cars and insurance. And depending college graduates and and even older parents and remove an inning and held -- airport. Hi how you navigate all that and save some money is feared the either living paycheck to pay checker there's just a limited amount of extra cash. -- nobody really need need to. To rewrite the book on how to how to save money it's kind of like nobody needs another doctor coming out of the supervisor we all sort we all sort inherently guess what this year -- We just have to get expensive down party and come up. And one of the problems America -- -- that we used -- and grow our way out of our problems we used to build. Lead lifestyle we couldn't really bored and then we were corollary out of it or struggling to do that now a lot of limitation -- You know my answer would be really evaluated your expenses and really you know fought through which could do without. And I would I would challenge people that the answer that now and then. You know you start with. What are ultimately within your means to increase -- living and it only when I mean permit we tend to do the exact opposite of that I think that's what generate a lot of stress. And I think you're the only person that's ever quoted ARRIS stock and all that time and in doing so. Congratulations on -- -- But don't you talking about things like cable TV and you know sometimes when you sit down and pay your bills -- Bulent talking about the public view. Mean it's amazing it seems like how many things you pain point now that you never did before and one of them. Build culprits that credit card debt and you you're paying a thousand on this one and 2000 on that one and you know making a lot of headway in -- thing in -- you know maybe 2000 -- a month and a shipment enhances so I guess the first thing is when you find yourself in a hole stop dig in and don't charge anything else. But if you are in a big hole. Bomb -- what do you tell people just suck it up and pay it. I think. You've got to get out of debt but it is far are you stop -- I guess you have to revisit the narrative and the American narrative or years it's been college. Marriage why pick Trent. You know an edit in that role that apple program in what the young people think are starting to figure out that that narrative broken. Colleges you have to look at colleges and any other and that meant that may or may not. Offer a positive return you have the revisit homeownership it will -- and what anybody told you about homeownership owning a home very expensive endeavor. No matter what you entry in the paper is. For better to rent -- -- own because. I OK it is. Absolutely and and I think that's been one of the big net and we can learn that in 2008 maybe and maybe we need another round -- But but basically it's not even from financial argument really depend on iTunes and the numbers. A true equality like expect or ability perspective you know an advantage where you might have been new to find an opportunity. Oh level as a good big anchoring it to big anchoring -- bat and end. There are a lot of expenses go at it that we actually oftentimes don't electorate than just a lot of main thing -- dealer where being coroner. Why are you a little bit more flexibility I think it's it's individual based than. And it's it's again then at the very should -- need to stop promoting it. But you know it's counter intuitive to the way a lot of those arrays because we're told. You know if you if you -- something you do is dumping money down hole it's better put your house -- An asset that that hopefully at that time it was in increasing. In value and not decreasing but on -- -- It and all the models that home prices rise into perpetuity and and I know plenty people -- talking to a guy yesterday who got caught up without being bought them in California. You bought 500000 dollar which is now where you fit easily got -- thousand dollar mortgage and so I would argue that -- he. -- money down the drain now he doesn't really advocate price sport because the threat came in. That's -- that's not a problem and you know the bail out situation and so we the past behavior consequence a little bit bit but I think in this business that home prices rise in perpetuity and and their -- screw -- we need to be careful. -- and you have more clients and you need but go or they did I can't shouldn't say that yet assailants and then you can. Here's some -- bread is very busy not listening business again I'll tangled up in it but if somebody wants to contact you had -- they do. They into your web site I appreciate that atomic fortress financial botnet not yet like our blog feel for -- -- -- but they're. I keep in mind him in -- three days with night trouble so -- apparently and haven't done troubles well thank you bread and a big time. Ever agree we've got --