"Play in the Gray": Small Business Tax Secrets & the $124 Trillion Wealth Transfer

Hey everybody, welcome to another episode of the Red, White, and Green Show. This is financial advice for people who love America and also love capitalism. Always here with my fellow brother and co-host, Southside, Steven Rickman. That's a good one. That's a good word today.

>> That was good work. Steven was nice. My mother will appreciate that. White. I got white. Here's my red. Got a little red right there. And I'm wearing my green. I'm just trying to wear the colors.

>> I love it. Well, on today's show, Steve, we got some great stuff today. We're going to talk about how people are betting on UFOs. Have you ever heard of that before? I mean, that's going to be unbelievable. We're talking about uh why there are more legal fights right now with people that are inheriting money.

>> This is going to be a topic that Steve is going to love. But those business owners, we've been getting asked from everybody about how to maximize your tax deductions in your business. We're going to talk about that on this episode of They Didn't Teach You This. Got a great guest uh today for in the green room,

Danny Hamilton. You're going to hear all about that and how to grow a business here in America. And then I mentioned this last week, Steve. >> Yeah.

>> Remember I mentioned the three things. Camel, camel, camel, >> camel, camel, humpy, hump, hump, hump, hump. Oh, >> we're going to talk about >> camels. I think >> we're going to talk about that money

hack today and what Amazon does not want you to know. And we're going to reveal it today >> right here on RWG and talk all about that stuff.

>> Every week I love getting us into our first topic today, which is news you can use. >> It rhymes and it's cool. >> I got two stories for you today, but this one is great. So, Steve, there may be a new insider trading in America. I'm not talking about Nancy Pelosi. Say she

did. >> Yeah, I'm not talking about it. But it's called the poly market. Have you ever heard of the poly market? >> Never heard of the poly market.

>> So, you know, today there's like sports betting is legalized in a lot of states, right? >> Not here in Georgia. I wish it was. >> It's never going to be in Georgia. We like last for alcohol, too.

>> I do. But yet, we got all nude strip clubs. Don't ask me why. >> But basically, the poly market and I noticed this this week watching the Oscars. I only could watch a little bit of it. Can only stomach a little bit of the >> Me too. I watched a little. But I

noticed it this week, Steve, that they had this whole thing on the poly market where you could literally bet on every category of the Oscars and they had real live trending data with the odds of who was going to win what. So for example, the best actor was Michael B. Jordan, but before he got nominated, he was a

68% poly market said that he would win. And you could bet on who was going to win the best actor >> and we Oscars >> and we know he did. The dude pulled it off. I should have bet on that. I cannot believe I know we bet on everything, but

isn't that a little crazy to bet on those? >> No, this is like gone way beyond proposition betting. Way beyond it. Okay, >> here are the things you can bet on in the poly market. Which country will exit NATO first out of the EU? You're going

to guess like who's going to get out of NATO here in the EU. >> That's crazy. >> Is that crazy? You can bet on the midterms here.

>> I'll go with United States of America. >> Okay. Well, that might happen, you know, but you can bet on the which party will win the midterms for the House and the Senate.

>> All right. Now, >> now I want you to think about how dangerous this could be because you could be saying, "Well, whether I vote blue or red, I'm going to actually make a bet and then what happens if people inside like know politically who's going to win?"

>> Yeah. Then it's fixed. >> So, you could bet on that. You could bet on which celebrity is going to host SNL next. >> Now, that's fun. That's my fun. That is fun because you can always look like who's topical, who just had a movie, who maybe had an incident or who had a great

album. Yeah, >> that's fun. >> They had a thing on there, a bet of who's going to die next. Will it be Al Puccini or Robert Dairo? Which one of those are going to die first?

>> I hope it's I hope it's Dao just cuz I don't like the way. >> You've never made a death pull at home, did you? Where you out who's going to die? That's like sacrilegious >> a little bit. I kind of feel like God would not be liking that. So, >> we try to do the death pole at Christmas

time. It's always a fun thing to do with your family. We don't do that. This is the whole thing about the UFOs because there was all this stuff with the government and like are UFOs real or not and always the question and then all these files were going to be released like confidential files but you could

bet >> will there be an actual UFO disclosed that by 2030 this is a bet on poly market now that we will in fact find out yes or no there will be a UFO >> and I love the time frame 2030 they're thinking about talking about it there has to be a time frame on these bets but

I like it. >> So, let me tell you how crazy this is. This is what this is where it's gone crazy. Now, you know Jeff Bezos? >> Yeah.

>> Okay. So, there was a fraternity in Miami >> and one of the guys was really good friends with the Bezos family. >> Wow.

>> And there was a bet that was made on Poly Market for $10,000 about whether or not Jeff Bezos would show up for the Super Bowl. >> I mean, here's my thing. If you're Jeff Bezos, do you bet and show or bet you're not going to show and don't show, >> right? That's where it' be kind of BS,

right? Because you'd be saying, "Yeah, >> wait a minute. I see there's a bet on me. I'm just going to bet that I won't show up. >> I'm going to bet the farm." >> Yeah, you can't do that. I don't know.

>> This is the stuff that's out there in the pie market. Now, I got a second topic for you because this is this is a legal beef that's happening all across America. Uh according to a new story in here uh the inheriting money like property cash because there's this huge baby boom generation there's going to

be10 trillion dollars of debt that moves from generation to generation >> and more and more families are having bad blood over an inherited money. In fact, >> it says that between by 2048, $124 trillion dollars is supposed to exchange hands from baby boomers down to the next

couple of generations. And they say the number one reason that there's fights, Steve, is called unequal distribution. It's not fair. >> Dad like one kid better than the other.

>> Yeah, that's right. One black sheep. Yeah. >> One nice kid. >> Yeah. >> And one gets more money than the other.

Now, did you did you ever talk about your brothers? Did you ever have that conversation that said if we inherit money? Yeah. Should it get split even Steven if you will? Like one. Yeah, of course. Yeah.

>> We went with my name. I'm first born and I said I suggest we split it three ways and we all agreed. But I got to tell you different moments like I've been high on cash or my one of my other brothers. If there was a situation where one brother needed it more than the other, we would probably give him a bigger share. Would

you do that? >> I really would. But a lot of loties don't. >> But a lot of families won't. A lot of families say, "I've been around with mom and dad. I've been taking care of him.

You've been having a life of Riley in San Diego and I've been right here in Atlanta taking care of my I deserve more." >> Oh, I hear the conversations. I got a buddy going through it right now. And here's the deal. The mom's about to pass in probably 3 to four weeks and they are

at each other's throat. >> Do you believe in fact, and I do believe this, but I want to know Steve's opinion. Do you believe that parents pick favorites?

>> Hell yes they do. They 100% every parent has a favorite child. >> All right. I lean towards my youngest. >> You got two kids. >> I got two kids.

>> You don't have a favorite already? Yes, you do. You have a favorite? >> Parker because he's younger and he's still my cuddler and I love him. Brooks, you're my boy. But uh Parker's just like me and he looks like his mom. So, that's a win-win. Brooks looks like me and it's kind of like watching myself grow up all

over again, but he acts like his mother. He's very by the rules, plays it safe. The other one's kind of a little crazy. If I look at my parents, and I'm going to put you on the spot. My parents, I was the black sheep. Uh, one brother, yeah, my middle brother would help dad work around the house. He was handy. He

would work on the cars. The youngest brother was just too damn cute. I don't blame my mom for loving him more. And then there was me. What about you? Do I have a favorite?

>> Yeah. >> Yeah, I do. But I'm not going to say it on the show because I just did. >> But that's your fault. I mean, I would I'd ruin I'd ruin my whole family. I'd be downed. I can't do that. I would just say this. It's not like a gigantic favorite cuz I love all my children.

>> It's just a little more. >> Just a little more. Just like I just kind of get along with you better and I like you a little bit more. Doesn't mean I don't love my other kids.

>> He's got two girls and a boy. You figure it out. >> Yeah, you figure it out. But any event, the only other thing I'll tell you about this is that the big reason it's because there's a lot of blended families today.

A lot of second marriages, third marriages. Like you're really going to give the stepbrother the same amount of money as the real brother? That just doesn't make sense and there's this huge fighting. So >> there's going to be big money to be made. This is the reason I tell you

this. If you can figure out how to mediate family crap about money, big money coming to be made. >> Is this the next greatest thing other than being if you're an attorney? You're ambulance chaser. That's a given.

They've done that for years. >> I don't even think you need to be an attorney. You could be somebody in seances. You just need to get people together to get them around the table to be talking about money. Big fights, Steve. Now >> big fights.

>> That's the news you can use uh every week. What I like to bring you, and I think Steve's going to love this topic today in red, white, and green, is they didn't teach you this. Now, Steve, there are so many people that are starting a business today. You know, they're doing something on Etsy or Fiverr or they own

a real business. And all the time, Steve, people will ask, "What can I take for a tax deduction?" Because I don't want to pay any more damn money to the IRS that I have to.

>> No, it's brutal. I mean, a lot of people are like, "Why am I paying this? What about people that get away without paying or cheat the government?" If you lined up a 100 business owners, out of out of a 100red, how many would you say cheat?

>> Oh man, this is going to sound horrible, but I'm going to say at least 50%. >> No way. >> 70. >> The answer is 100% of business owners cheat. Now, if you ask a business owner, business owners will say, "I don't cheat. I just play in the gray a little

bit. I play in the gray a little bit." So, the reason this distinction is important because I actually don't think any business owners cheat. What I mean is that they're really smart about figuring out what expenses could belong in the business and how to get them to belong in the business. And it's not

cheating anymore. Now I'm talking about you put a rule and the rule is very ambiguous, right? The IRS doesn't say this is always black and white. There's ambiguity to it. Question is, can I be smart enough or I have people around me who are smart enough to tell me how this fits in my business? Wow. So, here we

I'm going to give you a couple of these. I want to rapid fire through them. You got a meeting at Starbucks. Tax deductible or not? >> Yeah, 100%. We're talking business and we're we're paying for coffee.

>> Okay. So, let me just tell you where people mess up as business owners. If it's your daily coffee and you're just running in there and you're like, "Here's my mocha latte." And you're mowing around there and you pick it up.

Technically, it wouldn't be deductible, but damn, use your head. I met a client. I met Ted Jen. I met Steve and we had a conversation about business. Now it's taxdeductible.

>> Boom. I got you. >> Meaning, why would you eat a meal alone? Why would you eat a meal and not discuss business? >> Why not? Every meal is taxdeductible.

>> If you're smart about documentation and what you did at the meal. Yeah, now we're talking. And so you can sleep at night, bring up business, even if it's family.

>> How about travel, flights, hotels, rental cars, stuff like that? >> That's a no-brainer. I would definitely say all that you can write off. >> Here's a news flash for everybody. You got an operating agreement. On the operating agreement, you got to name a board of directors or you can. You want

to put your family on the board of directors. Next time you're on spring break, have the board of director meetings in Paris or have it at the beach or have it somewhere else. Don't just have yourself as a board of directors. That's a huge blunder. Now, you got to get smart about the rules.

>> You can do that. Is that why all your kids >> What do you mean you can do that? What do you mean you can do that? Ask any business owner in there, they'll say, "Yes, I'm taking this vacation. It's technically R&D." You You're going to talk to uh Danny today, right?

>> Yeah. Danny Hamilton. Matter of fact, he's technically in the green room waiting to come in the green room. >> So, I'm just saying to you, like, imagine I got to take a trip to San Diego. I mean, here, maybe I'm doing some research about opening up a new transportation business in San Diego.

Doesn't mean I'm gonna do it. Doesn't mean I have to execute it, but maybe, just maybe, I might do it. R&D. >> I love it. >> Research and development.

>> I never thought of that. >> How about how about your cell phone? >> Yeah, that's obviously you can write that off. >> Yeah. Well, technically the the rule would say the percentage that you're using for the business, >> right?

>> But come on, man. That sound like a Joe Biden line. Come on, man. >> Come on, man. You have a business phone and a personal. >> Well, you could. You could uh if you want to, but in the end, I mean, do you think this is something the IRS is going to come after you and say, "Hey, look,

we want to look up a hundred phone calls and find out which 78 were made for business and which 22 are not." I mean, you some reality >> you're laughing and I agree, but I could tell you 90% of my calls are business.

Rarely do I talk personally and it's quick. My wife is 100% social, >> but still now this case is a good example. You got the business. Is your wife on payroll? Are your kids on payroll? But once they're on payroll, kids cell phones can be on payroll. Why cell phones going to be on payroll? This

is the beauty about the art of getting those tax deductions. >> Dude, I'm having to wave at people that are passing by. Should I not do that? That's so un >> We got them all going there. Hey, what's nice to see it?

>> How about your car? >> My car definitely can write off. I write off the mileage on it. There are apps for that. I have learned. I didn't start doing that till two years ago.

>> Now, a lot of people ask me, Steve, I'll do one more in here about your home office. It's my my basement and I built it out. >> Can you write off your home office?

>> Can you write off your home office? >> Yes. >> Yes. >> Well, interesting enough, the IRS now >> Well, interesting enough, the IRS now has like a normalized deduction.

has like a normalized deduction. >> Okay. >> Okay. >> Where you can take a deduction of about, >> Where you can take a deduction of about, you know, call $1,500 just because you you know, call $1,500 just because you have a home office or you could use a

have a home office or you could use a square footage in your house. What square footage in your house. What people don't realize though is if you people don't realize though is if you have a home office, are you going to have a home office, are you going to improve the home office? Meaning like,

improve the home office? Meaning like, do you need furniture? Wink wink. Do you do you need furniture? Wink wink. Do you need pictures on the wall? Wink wink. need pictures on the wall? Wink wink.

It's my my basement and I built it out. And by the way, if you're if you're at a regular office, you know it's Snackyville at the regular office. They got peanut butter crackers and you got sodas and all that stuff. Damn. Go to Costco, set it up as a business membership. Go to Amazon. Don't put your

personal card. Do it as a business card. That's how we get the flow through to write things off. Right. >> That is smart. I never even thought of the furniture angle outside of the snacks. That's brilliant.

>> In the end, here's here's what separates a W2 and a business owner. You're a W2 person makes money, pays taxes, then gets to take money home. >> Yes.

>> When you own a business, you make money, you deduct and then you pay tax on the rest. So, the difference is if you figure out how to get those expenses that were after tax stuff and get it to be pre-tax stuff, that's how you put a lot more money in your pocket. A lot more money.

>> I love it that I'm You gave me three tips. >> Listen, you said you came to the show because you want to learn about capitalism in America. Talk to any good business owner that you know what Ted Jenin just talked about here is something they don't teach you in high

school and college. You learn it by street smarts and figuring out how this works and talking to other business owners. And this is the segment, Steve. They didn't teach you this. I love it.

That's a Yeah, come on. Welcome to the green room with a rich guy. And I'm going to joke because he can handle it. He's a good old boy just like me. A handshake is a deal. Friendship means something. There's no lie. It's always truth. And uh he can get take advantage of, but he's a lot smarter than I am. Uh

he's learned a lot. And he's can I say it? A redneck millionaire. >> Hey, I go for that. >> No, I make that as a joke. Uh but no, Danny's a good old boy.

>> I've been called a lot of things, Steve. >> Yeah, but you're one of those people. You remind me of uh people out there that get it done that don't really wear a suit or tie. They do it and they're like, "Hey, this is me. Take it or leave it. This is the service I provide." >> I tell people I'm just like my dad. He

was just he was I I'm just like my dad really. He taught me everything I knew. >> But we're going to get into that now. It's in the green room with Danny Hamilton of Star Coaches Incorporated.

And this guy owns those million-doll buses anywhere from 1.3 to 800. He might sell you one he's had for a while for 600. and you and your family can live in it or travel the world with a poodle. I hate poodles, but I'm just saying you could. Uh, but that's what you've done.

And at one point in time, you had over 75 of these things. And now you've actually brought it down to about 50. We're going to get into what happened through the pandemic, how you altered your business and and operated around that situation. But I want to know where it all started because you are kind of

like me. You grew up with a hardworking father but not a lot of money. >> 100%. Yeah. I mean, we just started out poor back in the day, you know. Born Tiffan, Georgia.

>> Tiffan, Georgia. >> Tiffan, Georgia. 1954. Uh, raised up there. Uh, my dad had no education obviously. And just >> Where did he get? Did he even get to first, second, third grade?

>> Um, first grade he told me he went to the first grade and the second grade he went to school, but ended up stopping somewhere, started working. So he started working from second grade on.

But >> mad respect my grandparents same way if you look at that age. I got a grandfather I think that went to seventh and a grandmother that went to sixth. My grandmother never knew how to drive.

It's just different time. >> He was amazing guy man. I tell you was my hero. Uh nothing. He had more common sense than 10 15 people. I mean you know back then just common sense. If you had it man you could do anything. And that's the way he was. I me and my brothers are a lot like him. uh we all have a little

bit or similar to him. Um but yeah, he's he was just worked a lot and started out with no education, ended up turn, you know, teaching himself how to read, uh become a foreman at a big company, you know, did real good and uh retired at 65, got to travel around the world a lot, driving his, you know, his camper

and everything. He loved that. >> What was his business if you had one business that he focused on? Because I know what it's like to have a father. I've worked with people that only got through high school, but they've self-taught. They've read, they taught themselves and basically learned what

they needed to learn, basically like a at home college education, so to speak. >> He started out at JP Stevens and Tiffan. He was a welder. Okay. And then from there, he went to machine shops. Then he started just knowing how to work on equipment, any kind of equipment. So he built himself up with big companies and

would become the foreman. He'd be the guy that would distribute the jobs, tell everybody what to do. If you couldn't do it, he would get involved and finish it, you know, just that kind of a guy. He was real good with people, could he didn't have a hot temper, could talk to people, so that came real easy.

>> Oh, so he wasn't like a firm guy cuz my father believed in the belt. I got spanked a lot. >> Oh, he was he believed in the belt on me. Not at work, but man, he was >> not at work, but I'll get home and take my frustrations out on my kids' ass.

>> Yeah, I was the oldest, so I did get a few spankings. Yes, me too. Yes, I did. >> But I we grew up similarly and we met >> I was from the south side, too. >> Yeah, you're from the south side.

>> You're further south. >> South side of Tiffan. >> For the record, the south side is the side of town you don't want to be from. Uh the money boys are on the north side.

I think every town has that. I you know, you hear about different cities and there's always the good side. >> Oh, there's always a south side, man. For sure. Because I lived on it. Now, this has spun off into other businesses, but the one thing I want to talk about here on the show, uh, is that, you know,

you you give buses to radio stations, you get some talk, you get business from it. You you had a relationship with the rock stations here, which is how we met. But then the other thing is you can you can do whatever you want because you have a rapping company and it's called Rapstar USA. Wrusa.

And man, Danny showed me. I thought your bus that I was on that was all white and you put our radio station on it was painted. You're like, "No, man. That's a wrap. It lasts like 3 years and it protects the paint under it and it's good." And you went and hired the guy that was wrapping buses for you, so why

should I pay for it? But I've got these huge bays that work on buses. So, you hired one of the best rappers. He works for you. And now you wrap buses, boats, if you've got a boat on the lake, cars, businesses. Sometimes when I look at a business and I can tell you just slap something on it's a magnet. I don't have

a lot of faith in your business. No offense. I saw a woman the other day that had business cards stuck to her 4Erunner with a stick on name or number so whenever she gets out she just puts business cards in there where you can come up and grab one. That might work but it looks janky. So but what you do

is first class. >> Yeah. We try to do good work. We uh with the rap company like I say I had a have a guy own salary. >> You saw a need and you filled it. Yeah, he he's there sometime and we were talking one day and he says, "Hey man, if you could we could do some extra

work, I can bring some extra work in when he's down." You know, he's actually the son of a guy that's been working with me for 30 years. It's a real family thing. I got uh the guy has his two sons working there. My son works there. My brother's son works there. We have a family thing. My daughter worked with me

until she had twin boys. But we decided to do the rap thing and yeah, we do boats, cars. It's not something I mean, we're giving you 110% the best. This guy's been doing it for about 10 years.

He's really knows his stuff, but he does he keeps our 50 coaches in great condition. If we get a little damage, he can replace it with the wrap. He never can tell it. So, he's constantly doing that, but he's got a little spare time.

We've done some political vehicles. We've done a couple cars. >> Well, let's get into your political uh political vehicles. So, he's doing political vehicles for other people, people that are running around him. They want a promo car. if a guy's running for mayor, lieutenant mayor, governor,

whatever. Here in Atlanta, you've done a few guys because then they have somebody just drive around, drive around. Especially in that billboard, it's a rolling billboard.

>> Love a rolling billboard. >> It's a great way to advertise. Um, like I say, we have we have some uh political people get in touch with us. We've done some political vehicles already. Uh, just a girl running in South Georgia, girl named Candace Taylor. She just called wanting to get a coach.

>> So, she wants a coach. She rolls the road just like you want them, but she'll put her name or she's running for governors. She'll put that on there and they'll run it around for two or three weeks right before the voting.

>> That's awesome. >> It's a good billboard and it's it's fairly reasonable to do. You know, it's it's not too expensive. So, that's the kind of wraps we do. We do that. Uh we can put names on doors and we go all the way down to putting your name on your door, you know, if you want to do that.

And lastly, closing out in the green room, um, is there anything you'd like to say to our audience about somebody that's even thinking about not that first limo or that first bus, but just sticking their head out, just trying to do something on the side, trying to make it and has dreams for their family.

>> I mean, Steve, it's just hard work. I mean, I'm just a simple man. Uh, everything I've done is work, work, work. If you believe in it, go conservative. You know, save every chance you can and use those monies to keep that dream going, whether it's a bar or bus company or a restaurant,

which I've always done. Uh, now I'm doing a little rap company. Um, it just it's just a hard thing. I I I went through, you know, 911. We've gone through CO, you know, now we're dealing with high high gas prices because, you know, because of the war. They call it a war. I don't think it's a war right now,

but uh my advice to people are just work hard. Do your job. Do your job. I mean, if you you got a job to do, do it. And I think you'll come out on top. >> There you have it. That is Danny Hamilton of Star Coaches Incorporated right here in the Green Room on the Red, White, and Green Show. And anybody that

is just like you and works hard and doesn't take no for an answer and has built his entire business, that's my brother Ted Jenin. We're going to kick it back in. Thank you for being in the green room with me and Danny.

>> Next up here, every week we bring you something really cool. It's the money hacks we do here right on the Red, White, and Green Show called Get the Green.

>> Get it. >> And Steve, I am going to reveal Amazon's weakness today right here on the show. >> You said this last week. You said save around $1,000. There's a weakness or something. Was that Did I misquote?

Everyone's got to write this website down right now. It's called camelcamelcamel.com. Camel camel camel. You ever heard of that before?

>> No. >> I would have thought you were talking cigarettes. >> Here's the thing. Everybody that I know basically about their partner, their spouse buying too much stuff on Amazon.

>> Raising my hand. >> And nobody has figured out how do you get better deals on Amazon. So, what camel camel camel does is that you take the Amazon link for whatever you're going to buy. You paste it into camelcamelcamel.com.

That's step one. You instantly see the highest price ever. You instantly see the lowest price ever. You also see the price trends on that specific item. >> And then you also see that if they say Amazon says there's a deal, whether it's a a real deal or it's a fake deal.

>> Yeah. And matter of fact, our producer offscreen just went to camelc camelcamel.com did it and showed me. >> So here's the great part about this. Once you do this, you basically get a chart. It's like having a stock chart and every day it's going to track that price. Every price change, every

historical low, uh whether today is expensive on that item or cheap because you got to remember Amazon dynamically prices the algorithm. And the more that you click on things doesn't always mean it's going to be cheaper. No, >> in some cases it's like buying an airline ticket. It's going to be more

expensive. But the big thing, Steve, on this, and this is the money hack, is you tell Amazon on camel camel camel camel camel camel camel. >> Funny, >> what it is that you want to pay for it.

So, let's just take an example. >> You're you're going to buy a laptop. Yes. >> And that laptop shows a price right now of $9.99, but you've seen that at one point it was $7.99. At one point it was $1,0009. But you can tell camel camel camel, hit me up immediately when that

price gets to be $800. And it will tell you the day that it's at $800. You can go right on to Amazon and it'll send you an email and it'll say the price has hit $800. And then you could basically buy it right there at that price.

>> So camelcamelcamel.com picks up on all the sales. They're following it. You give it a price point and when it hits that, you're notified, >> right? So, in this case, you could have bought it for $9.99. I'm giving you the tip here, right here in the red, white, and green show. You price it at $800.

You just saved $199 by using that money hack. >> That's awesome. Now, who you going to teach this to? >> My my everybody's. I'm going to tell Well, my wife. I didn't want to say, but I'll tell my mother-in-law, my sister-in-laws, but nobody more

important. My wife will know about Camel Camel Camel on the way home. What you're trying to do is that the average American spends more than $2,500 a year on Amazon.

>> It's that much. >> $2,500 a year. So, if you use a 20% price reduction alert, you're going to bring back $4 to $500 or more into your budget, you drop that in a Roth IRA, and that's how you have tens of thousands of dollars of more money when you retire.

It's how you get money smarter. >> That is so great. The fact that you always are thinking like that, you get some extra money. Roth IRA. Put it Put it away.

>> Here's my line today. Amazon is powered by algorithms and camel camel camel helps you beat them. >> That's awesome. >> So, you can beat the algorithm, Steve.

>> I love it. And that's the hardest thing. I could finally be a winner. A winner. And my wife is going to be a loser because she's going to wait to buy that product. You're gonna wait until Camel camel camel tells you it's okay.

>> And one final tip that's on here. Uh, forget the green. I forgot to mention that you got to install the browser which you can get on Google. You know what it's called?

>> Camel. Camel. Camel. It's called the camelizer. >> What? I got your hulk. I got your hulk. The cavalizer. The >> love that.

>> So, Amazon is powered by algorithms and camel. Camel camel helps you beat them. Download the camelizer. Teach your spouse, your mom, teach your kids. Yeah. This is how you put more money in your pocket for doing exactly what you're doing already. Steve, you know what's been kind of cool? We've been getting

notes uh on the YouTube website. And uh I've gotten a few emails from people and I actually had a mailbag question today which I thought was very appropriate for you with your kids with the ages that you're at. You living in one of the nicest neighborhoods in the country.

>> Thank you. Thank you. You used to live there. >> I used to. I used to. And then, you know, I went lowbrow, not highbrow. Yeah.

>> Uh, how much money should I be spending on my kids' birthday parties >> on the parties? I can tell you that number should not go over $1,000. I think it should be around $500. And that's the cost of taking these kids.

>> Dude, this is the crap I'm having. >> You take kids to like Dave and Busters or the Painted Pin or one of those places, it's going to be like $2,000. But no, Chuck E.Cheese. You walk in there, you're say you're only allowed eight friends and you give them those 1h hour passes and you do a cheap cake and

you 500 >> Chuck E-Cheese >> or a roller rink. There's a roller rink that you may not know about. It's about 20 miles from us and we go to the roller rink and you can rent that for 400.

>> You can do that for less than $1,000. >> Yes. >> And the kids won't get scared by the sixoot rat. >> No. No. I tell them they're kitties.

Okay. >> Cuz they're big kitties with long hairless tails. What kind of marketing idea was it to say that kids would like a six foot rat and I don't know how Chuck-e-Cheese made it all together.

It's it's unbelievable. >> I don't know. But I will tell you too, home parties, my wife and I have done those where you just bring people to the house and if you can do an outdoor party and I've got a May June birthday on my kids so it the weather usually works with you and you do an outdoor get an

inflatable and that could be your only cost. >> I know I know for a fact and you were a kid and I was too. Here were birthday parties. It was uh pin the tail on the donkey. Boom.

>> And basically it was sandwiches with the crust cut off and that's what basically people got. >> That's it. >> And was anybody dissatisfied?

>> No. Everybody was happy. >> Years later, do you remember one kid had a better birthday party than another? >> No. They were all at their houses. There was no destination birthday ever. It was at somebody's house.

>> So parents, I'm I'm pleading with you here. I think Steve's got the right number. By the way, I actually am going to agree with him here on RWG today. Do not spend more than $1,000. I forbid you to do this on your kids' birthday. What a huge financial mistake. First of all, you're not going to remember it and

neither will your kids. >> Can I get into one more thing you haven't thought of? Here's the other thing. So, people are bringing your kids gifts. Average price of a gift purchased for your kid, $25. I know this cuz when I get the gift certificates, they're 25.

And I'm like, do you know how much this cost me? Could you at least given him $50? But the other thing is they give gifts to the kids. So, when kids leave, they get a gift. So, the parents have had to spend money to put crap in a bag to hand them that probably cost $10 a bag.

>> Yeah. Give the kids a Clark bar. How about that? >> Yeah. Here's a Here's a piece of gum. Take care. All right. And that's how you uh not only get the green, but send in your mailbag questions all the time at RWG.

Put them in there in the YouTube channel. Subscribe if you like what you're seeing. Share with your friends. More people are watching RWG every single week. And uh in red, white, and scene. What should you be watching for over the next week? We're going to talk about how much money next week

businesses lose from March Madness. We're about to start brackettology and March Madness. I think these numbers are going to surprise you. Consumers are growing tired of these salad and rice bowls for $15. And I'm going to tell you what's happening with that over here.

Terrible. Uh I want to talk a little bit next week about my Today Show appearance and uh what I learned being in the studio. They didn't teach you this. Uh we're going to talk. You're going to love this. We're going to talk about your money personality. I'm going to dissect why you, Stephen Rickman, are

the way that you are with with that with money. We're going to learn that. >> Am I like a dime store? Do I even get to be a dollar? >> We're going to call you holler holler dollar. We're going we're going to do that next week on here. And of course, a money hacks forget the green. There's so

so much happening with gas prices and oil and everything. Airfares are skyrocketing right now. So, how do you get the best deals on airfares? How do you hack that? I'm going to show you a way to basically do this where you can save a significant amount of money flying the same place that you would be

flying to today. Cut your bill by more than 30% by using just this one hack on the Red, White, and Green show. Uh, as always, Steve, everybody can hear us all around the country on Spotify, Apple, anywhere that you can find us. Go to redhand green.com if you want to see prior episodes or go to our YouTube

channel. And for those of you that want to get money started, you want to do something today and get smarter about money, uh, I built the best AI tool in the industry. Go to exitwealth.ai for free. We're going to help you start saving money today. You get all that and more every time when you subscribe,

share, and listen to the Red, White, and Green Show. >> And hey, he was on the Today Show, the show. We're going to talk about that next week.