Nate (00:00)
Hello, physician moms and dads. I'm Nate Renickey, certified financial planner and primary advisor.
Chelsea Jones (00:07)
And I'm Chelsea Jones, also a certified financial planner and primary advisor here at Physician Family Financial Advisors.
Nate (00:14)
Chelsea, I think by the time this episode comes out, everybody in the country, I think, because I keep talking to everyone starts school at a different time or their kids do. But I think by the time this episode comes out, everybody will be back in school.
Chelsea Jones (00:28)
Yeah.
Nate (00:28)
So this kind of tends to be the time of year where everyone wakes up a little bit to all the money they spent over the summer, get a little bit worried. But I'm hoping that today some of these questions that what we talk about.
Well, swage those fears, those money fears, because sometimes you can feel a little bit behind after summer starts. And then it's it's like there's two rounds of this. There's summer and then there's the holidays. And around those times
Chelsea Jones (00:55)
Mm.
Nate (00:56)
everyone gets a little bit nervous, mainly mainly due to how much cash they have. But remember, money isn't always about how much cash you have. It's all has a lot to do with how much you've saved. And we have a good question coming up about that, about how you can feel.
Like you don't have a lot of money while you're doing just fine. So we have a few questions today to get to and but first we're gonna start with asking for a friend.
Chelsea Jones (01:23)
Yeah. So our asking for a friend question this week is what is inflation and how does it affect me?
Nate (01:30)
What is inflation? I actually got this question from my spouse one time. you know, when if inflation was a big topic on the news a couple of years ago. Now it's been, you know, inflation's been pretty high for a little too long. But she asked, like, so what are we gonna do about this inflation thing? And I said, well, not a whole lot. Not a whole lot you do as far as your day to day life.
Except may j maybe your extra money goes down by a bit. But you still gotta buy groceries, you still gotta put fuel in your car. So what is inflation? Inflation i is pretty simple. It just means that that the price of the things you buy goes up.
And so what that really means to you, and again and then leading to how does it affect you, as far as physicians goes, it it means that the same dollar that you use to buy something, or ten dollars or twenty dollars, whatever, the money that you use to pay for things becomes less valuable over time because it buys less things. So kind of the classic example is a carton of milk.
You know, the used to be a carton of milk was, you know, five cents. Now it's four bucks. Depending on what city
Chelsea Jones (02:57)
Mm. Yeah.
Nate (02:58)
you're in. but so this is asking for a friend. So that's the really simple version of this. It just prices of things go up, and that is why when you get a three percent raise at work, you didn't really get a raise. You simply
Got an inflation raise, which means you can still buy the same amount of things with this income.
Chelsea Jones (03:21)
Yeah, it just means you didn't get a pay cut.
Nate (03:23)
yeah, you didn't get a a natural pay cut. so the the where this will lead you, if you're thinking about personal finance and what does inflation mean to me, is you should be asking how do I combat inflation? And you do this naturally. Like doctors don't get normal raises like
Some other people where they get a 3% raise every year. Normally, they sort of they s they get a contract, it is pays well. And then because it pays well, they don't complain enough to their supervisors about how much they make. So several years might go by before they get a a bump in pay, but then the new people coming in, the new doctors coming into your practice, they're like, hey, this isn't enough. And then there's this major adjustment where instead of getting
A 3% raise every year, every few years you might get a 10% raise. But so that's how it's it's combated, like to buy your groceries and things like that. But in the long term, you need to invest your money. Because if your money just sits on the sidelines, it's essentially decaying. Like if you have a hundred thousand dollars in a savings account, next year, in real dollar terms, it's only worth, you know, if the inflation is
A few percentage points, it's worth ninety-seven thousand dollars. So, I have a f a a f a friend that he had a whole bunch of cash on the sidelines, sort of waiting to buy something, but it was way more than he needed to buy the thing. It was he wanted to buy a house and it was a ton of money in a cash account. And I said, Well, you should at least have it in a high yield savings account. And he was he was just over the moon that the high yield savings account paid three percent.
So he started jamming all of his money into the account. And I had to remind him, 3% is is it's not something necessarily to celebrate. It's cool on paper. It looks like you're earning a few hundred dollars a month in that account for doing nothing and not really taking a lot of risk or or any risk. but you're just staying even. So the only money you should have in a high yield savings account is money that you want to stay even with, right? If inflation goes up.
But and you get that $300 a month, it's like you can't even spend the $300 because then you're losing money. but if you invest in stocks or any other asset that outpaces inflation, that is how you prepare and kind of combat inflation for things like retirement and college. So investing, if you want unless you want to essentially pay out of pocket, you have to be invested in things that outpace inflation.
And stocks has historically have done that very well. So that is what inflation is, and that is how it affects doctors. you want to invest to outpace it, and you only want cash in a high yield savings account for money that you don't want to take risk with, but you're really not making money no matter what the rate of return is in a cash account, because it typically a well-paying cash reserve account barely keeps up with inflation.
Chelsea Jones (06:35)
Mm-hmm.
Okay, very good. Well our first question comes from a radiologist in Missouri. They said
Nate (06:43)
Mm-hmm.
Chelsea Jones (06:43)
my company offers a cash balance plan and I've been contributing sixty thousand per year, but could do more. Should I contribute more?
Nate (06:52)
Yeah. What do you think?
Chelsea Jones (06:53)
So this is this
is always a good question. well, first of all, a cash balance plan is a pre-tax account. And
Nate (07:00)
Mm-hmm.
Chelsea Jones (07:02)
the older you are, the more you can contribute generally. So, and if you're a high earner, cash balance plan is a great place to defer money
Nate (07:11)
Mm-hmm.
Chelsea Jones (07:11)
to lower your tax bill. and so some things you could consider whenever you're faced with this question is, you know.
First, how old am I? 'Cause if you're
Nate (07:24)
Mm-hmm.
Chelsea Jones (07:26)
if you're thirty-two, kind of just starting out in your attending position and your company offers you a cash balance plan, you they're invested relatively conservatively. Like they usually shoot for a rate of return of somewhere between three and five percent.
Nate (07:43)
Mm-hmm.
Chelsea Jones (07:44)
and so if you're putting lots of money in at in your early thirties, you're more likely to get a better return in the stock.
get being more aggressive. and so that's one thing to consider. That doesn't mean if you're young you should contribute nothing, but maybe just contribute not the most that you can, but just enough to, you
Nate (08:03)
Yeah.
Chelsea Jones (08:04)
know, stay enrolled so you don't lose eligibility. tax rates another thing to consider 'cause like I said, you can defer pretty large sums. And if you're in the highest marginal bracket, it's a great way to lower your tax bill.
And the older you the more you can contribute. But the older you are and the closer to retirement you are, the bigger the benefit actually is. because if you're able to defer a dollar or a hundred thousand dollars and save thirty si thirty seven cents on every dollar at the federal level, and then retire a year later and take it out and pay only twenty cents on the dollar in taxes because you're in a lower tax break now.
That's a permanent tax savings of 17% going from 37
Nate (08:52)
Right.
Chelsea Jones (08:53)
to 20. that's a pretty big deal. There aren't a lot of there aren't many accounts that will let you do that. and then the last thing that I would consider too is, you know, what do you want what is this money truly for? Is it for retirement? If it is, cash balance plan's a great, great place for it. But if it's if it might be for something else or to fund something else,
you might consider something that gives you more flexibility like a brokerage account. or if you're trying to or if you know the money that you're deferring or saving might pass to your children and you already have a lot in your pre tax accounts, you might want to put that money in a brokerage account so it gets a step up in basis when it
Nate (09:37)
Mm-hmm.
Chelsea Jones (09:38)
when it goes to them. So one of those things
Nate (09:40)
And we talked about, I
think, I think Kyle and I talked about step up and basis in the last episode, but I'm thinking in my mind, a radiologist in Missouri probably
Chelsea Jones (09:50)
Mm-hmm.
Nate (09:50)
has a lot of extra money, probably you know, makes money like a radiologist, but also lives in a low cost of living area. They're already saving a ton and they're asking how can I save more? They probably do have a lot of money that will go unspent. So, you know, it's one thing to consider rate of return.
It's another thing to consider taxes. And it's a whole nother thing to consider what you actually want the money to be for and whether or not your children will inherit it. Because if they inherit
Chelsea Jones (10:16)
Mm-hmm.
Nate (10:17)
it and they inherit a whole bunch, like almost all pre-tax accounts, ultimately what that money is for, it it isn't maybe best served to save the taxes. This is a difficult question. Everybody, it's diff different for everybody, but it's a good, it's a good thing to know that.
Questions like this are unique to everyone. We can paint with broad strokes and say, if you're young, you know, a brokerage account that you can take more risk in because you're young and you have time is better, but it's not always better for everybody. I can just think of many examples of people who did maybe they own their own practice and they had a cash balance plan and a 401k and they did all pre-tax. And by the time they get to retirement, they have millions of dollars.
But it's sort of all tied up. They don't have a lot
Chelsea Jones (11:10)
Mm-hmm.
Nate (11:11)
of flexibility. So you n if you need flexibility, it comes at a cost. Sometimes that means not having as much taxes as you possibly can, but sometimes that's okay if that's what you need. And if you don't need it and you're in a high tax bracket, this can be a great tool as well.
Chelsea Jones (11:28)
Okay, so our next question comes from a dermatologist in Georgia. They said I'm 38, I make eight hundred thousand dollars a year now, but I just went through a divorce and only have about a hundred thousand saved for retirement due to switching jobs multiple times before I qualified for retirement benefits. Can I retire before I'm seventy? I hear this question, and I hear the client really saying, like, can I retire ever?
Nate (11:56)
Yeah. Right. That's pretty
Chelsea Jones (11:57)
Like will I do I have to work forever?
Nate (12:00)
much the the question. I got this from a prospective client because obviously
Chelsea Jones (12:05)
Yeah.
Nate (12:05)
if they have a plan, they will know when they get to r retire, most likely, or at least projected to retire. But it was so interesting to hear this because this this
Chelsea Jones (12:15)
Mm-hmm.
Nate (12:15)
sounds to me like it's i this is physicians in physician sort of echo chambers of I see online.
All these people make all this money, they have all this money, and I'm not that person.
Chelsea Jones (12:32)
Mm-hmm.
Nate (12:33)
It's it saddens me to hear, but it also is nice to be able to give a a positive answer, which is of course you can retire before you're 70. Of
Chelsea Jones (12:43)
Yeah.
Nate (12:43)
course you can. You make eight hundred thousand dollars a year, which just seems normal to a lot of physicians now. It's not normal.
Chelsea Jones (12:52)
Mm-hmm.
Nate (12:53)
And in this particular case, it's not like, you know, it it sounds to me like they've been changing jobs a lot.
they went through a divorce. so it's not it's not like they are have been living this life for 20 years that they spend so much
Chelsea Jones (13:12)
Yeah.
Nate (13:12)
money and it's hard to unwind it. It's been a series of events that have gone on and it probably hasn't been that long where they have this stable eight hundred thousand dollar year job. So spending,
Chelsea Jones (13:22)
Yeah.
Nate (13:22)
as long as spending isn't in the way, then you can save a ton of money. And
Chelsea Jones (13:31)
I think I remember you telling me too, this person in particular was really aggressive with their student loan payments early on.
Nate (13:36)
Yes, that's another thing.
Depends on so so they haven't they don't have this crazy lifestyle because they paid off all their student loans. And it's funny how in life you you make you make up and this sounds really insensitive. I'm not trying to be, but you make up money problems. The average person walks in and sees a situation, is like, Okay, you don't have a lot of money saved up, but you're thirty eight and you you make eight hundred grand. You have so much room to save.
So much room. You just have to do it. And this person's ready to do it. They just, they just can't see the path. Okay. But
Chelsea Jones (14:16)
Mm-hmm.
Nate (14:17)
think about it this way. I I we know plenty of physicians who make $300,000 a year and they're on track for retirement in college. Okay.
Chelsea Jones (14:25)
Mm-hmm.
Nate (14:26)
So imagine you just spent $300 a year. You spent every dollar that other physicians make.
they they spend and save off of. Okay,
Chelsea Jones (14:38)
Mm-hmm.
Nate (14:39)
so but you just spent all of it. And you still have $500,000 that could be saved. So yes, you're gonna take it's gonna take a big bite, you know, taxes, it's gonna take its cut. so let's imagine you had a, you know, let's say you just take 40% off the top. Okay, I I forgive me everyone, I have my calculator out. This is terrible. That's $300,000 post tax.
That you could save
Chelsea Jones (15:06)
Mm-hmm.
Nate (15:07)
every year for twenty years. Right? No growth, zero growth, you'd have six million dollars.
And and you're asking, can and that's only 20 years, by the way. This first one would be 58. So not only can you retire before 70, you could probably retire before 60. It is all based on your behavior, how much you spend,
Chelsea Jones (15:34)
Mm-hmm.
Nate (15:34)
and whether or not you can do that consistently. If you on top of all that, even if you spent 400 and you inv you know invested, this is plenty of money to retire.
You don't have any major roadblocks in the way anymore. I imagine that the divorce was rough from what I've heard. And you don't have the roadblock of someone kind of kind of controlling the finances. You get to take control of your saving. You can go take some risk. You're still young. 38 is young in a doctor's world. Okay. You're still young. in any world, yes. and so
Chelsea Jones (16:08)
In any world.
Nate (16:12)
you know, you have plenty of time. You just need a plan.
On where you're going to save, what you're going to invest in, and you need to do it consistently for a long time. And in this situation, consistency doesn't feel possible because their life has never been consistent. And that's the same with physicians.
Chelsea Jones (16:29)
Yeah.
Nate (16:30)
Things change all the time. Multiple, you know, they're going through medical school, then they're going through training, and then they're moving all the time. You have children, you in this case, get a divorce. Consistency doesn't feel like it's possible, but
You it is possible because I see it every day. So the answer is yes. I don't need to get into the reasons of exactly how or why it's yes, but it's an overwhelming yes. And you just need to decide, you know, when you want to retire, set your clock to that level of savings. And you still have plenty of time for the stock market to help you in this
Chelsea Jones (17:07)
Mm-hmm.
Nate (17:07)
endeavor beyond just saving up six million dollars in cash.
Chelsea Jones (17:12)
Mm-hmm.
Nate (17:13)
Right?
So the thing that can get in the way here is that you take it too far, you start spending,
Chelsea Jones (17:19)
Right.
Nate (17:20)
and you only save $100,000 a year, which to many families, $100,000 a year in savings is plenty to retire off of. But what that would mean is that you spent $700,000 a year. So saving $100 doesn't replace the lifestyle of spending $700. That's where people who make
doctors who are making this level of income, that's the one place they can get in trouble. They feel like a hundred thousand seems like a lot to save, but the other side
Chelsea Jones (17:50)
Mm-hmm.
Nate (17:50)
of that equation is how much you're going to spend. So it needs, you know, your savings should be e at least, you know it r it's r how much you save should be relevant to how much you make because it naturally sh shows how much you've been spending.
Chelsea Jones (18:06)
Mm-hmm.
Nate (18:08)
Good question though. It was a little sad to hear someone feel so behind, but i they just aren't. No debt in their way. They're ready to rock and
Chelsea Jones (18:20)
Yeah.
Nate (18:20)
roll now.
Chelsea Jones (18:21)
Yep. And they're you know, a couple years down the road, especially if they decide to work with us, I bet they'll they'll be a little more confident, maybe, in their ability to retire.
Nate (18:31)
Yes. Yeah,
I'm sure. Yeah, a plan tends to do that for you. When you feel out of control, try to make a plan. If you don't know how to make a plan on your own, you get help.
Chelsea Jones (18:42)
Right. Excuse me. Our last question comes from an emergency medicine doctor in Colorado. They said we're thirty eight. Our kids are nine, six and five. We make a combined income of six hundred thousand per year and have been saving aggressively for retirement in college. We have one point one million in assets and are on track to retire by sixty, but I haven't seen anyone in my group make it past fifty seven before getting a less demanding job.
And I still have fifty thousand in private student loans. Can we afford to redo our basement and go on a vacation?
Nate (19:18)
Mm-hmm.
Chelsea Jones (19:19)
That question took me on a wild ride. Not gonna lie. Yeah.
Nate (19:22)
Yeah, this is an actual question. Well, I reframed
the question. It was a about an hour and a half long conversation boiled down into this question. So I sort
Chelsea Jones (19:30)
Yeah.
Nate (19:31)
of framed the question, but this is their situation. So I
Chelsea Jones (19:34)
Mm-hmm.
Nate (19:34)
picked this question because.
They've I don't know if if everyone caught this, but it's the same age as the question before. Okay?
Chelsea Jones (19:43)
Yeah.
Nate (19:44)
Same same age. Both are 38. the question before is a single, single mother who has two kids. Next one is a fam two two people earning a combined six hundred thousand with three kids, but similar, okay? So
Chelsea Jones (19:58)
Mm-hmm.
Nate (19:58)
couple hundred thousand dollars difference of income, one more kid. But here's the here's the thing. At 38.
Both of these people feel behind and
One has over a million dollars and
Chelsea Jones (20:13)
Mm-hmm.
Nate (20:14)
one has a hundred thousand. Both feel behind. It is normal to always feel behind because whatever it is, I I couldn't, I'm not a psychologist, I can't figure this out. But what I've noticed over and over and over is that everyone creates money problems in their head. Like
Chelsea Jones (20:34)
Yeah.
Nate (20:35)
Like they are so nervous about their own situation, which is totally natural. I do the same thing. I c I accomplish a goal that I thought this is the only goal in between me and feeling financial freedom. I accomplish that goal and I'm like, wait, well, what about this other thing? It's like human nature for us to create these these scary things that could happen, might happen all all at the same time. And so it it also shows you that your plan and your life evolves. So when they first started with their plan.
They were nervous, right? Because they were like, I need to save, save, save, save, save. Now it's several years later, they've done everything right. They're hammering their
Chelsea Jones (21:13)
Mm-hmm.
Nate (21:14)
student loans, they're saving like crazy for retirement, they're saving like crazy for college, and still they're like, my gosh, but what if I need to retire really early? There is a a psych psychological element to this that everybody it would be good for everyone to address in themselves.
And that it will always feel like there's something that could come up in life that's gonna screw up your plan. That is not avoidable. You can do your best, you can write a plan, you can save, but you you there's an element of risk in life. There's an element of risk in money, and you're gonna run into these things every once in while. So to to address this question, because it's a little different in that emergency medicine doctors, I mean, it's really tough to stay.
Chelsea Jones (22:01)
Yeah. Yeah.
Nate (22:01)
and and this environment in your sixties. And this
person, this this emergency medicine doc, is very aware. He's looking around. He's seeing everybody around me is young, like me. what do I do? Well
There's sort of a this is a multifaceted situation. They're asking, can I r if I need to, can I retire earlier than sixty? They're asking,
Chelsea Jones (22:31)
Mm-hmm.
Nate (22:32)
should I keep being this aggressive? And then at the same time, there is some guilt around, can I spend some money? Like I make six hundred thousand dollars a year and I'm paying close attention to grocery bills.
Right, tha that's that's what they're they're saying. So I believe that at this with the the age of their children
it would be important to make sure the house is in good shape and fits your family and to go on a vacation.
Will will the mut my financial plan, our financial plan, Chelsea, when I say, Hey, go on a vacation, does it get better or worse? It gets worse. The plan gets worse. But this plan isn't what your entire life is about. You want to do your best to have flexibility in life. You want to do your best to be prepared to retire maybe slow down in your mid fifties. But you you can't live your whole life in fear that like I can't go on a vacation because what if, what if, what if, what if?
Chelsea Jones (23:38)
Yeah. How are you gonna work till sixty if you don't take a vacation every once in a while?
Nate (23:39)
So you do your best. Right?
How could you it's just gonna make that problem even worse? So a couple things, like zooming way out. $1.1 million at age 38, making 600 grand a year, which for most of this, by the way, he made about 400, 450 is fantastic. He's
Chelsea Jones (23:59)
Mm. Yeah.
Nate (24:01)
they are doing great. They have plenty of money for college. They have four, eight, twelve years of college to pay for.
They're ahead by like two years. So right now at this pace they could pay for 14 years of college.
Chelsea Jones (24:15)
Mm-hmm.
Nate (24:16)
should you do the basement? It puts you a little bit behind on these student loans. And what I've noticed is that people who I was one of them, by the way. I've told this story before, but I had rules in my house about how often I was allowed to talk about our student loans when I was going crazy trying to pay them off. I did pay them off. I did
Chelsea Jones (24:33)
Mm-hmm.
Nate (24:33)
not do this, what what I'm about to say.
Which is go on vacations and spend money on a house before my student loans were paid off or my wife's student loans were paid off. And
Chelsea Jones (24:42)
Mm-hmm.
Nate (24:42)
I regret it. I regret it because I had absolutely zero spontaneity in the first several years of marriage. And so, you know, you have this great income. You can do a little bit of both without feeling complete guilt, because money is a resource that buys you experiences.
Money is a resource that allows you to live in the house that you want to live in. And as long as you have a plan in place for everything else, you'll be okay. So what we decided was another plug. Keep interrupting myself. Another plug.
Chelsea Jones (25:20)
Yeah.
Nate (25:22)
The non-financial spouse came to this phone call for the first time in a few years, found out that a lot of extra money was going to the student loans, and was was a little upset.
That a ch a chance to go to Disney World was turned down because
Chelsea Jones (25:41)
Yeah.
Nate (25:41)
of student loans. It's hard to look at a balance sheet where you have a million dollars and you're not and you don't go to Disneyland or Disney World.
Chelsea Jones (25:48)
Yeah.
Nate (25:49)
But I understand because the emergency medicine doctors, like, I'm this is hard work and I need
Chelsea Jones (25:55)
Yeah.
Nate (25:56)
to save and I need to pay off these student loans. So what we found out was with a little bit of cash flow planning, nothing fancy, student loans will be paid off.
basement will be finished so all three kids will have their own bedrooms and they'll go on a vacation, but instead of the student loans being paid off in twelve months, it'll take twenty four.
And to me, I mean, are you real is that really any different? Other than psychologically getting over this barrier of student loans, is that really any different? Every piece of debt they have, like student loans and mortgage, are all in the 3% range. Cause at this age, 38
Chelsea Jones (26:31)
Mm-hmm.
Nate (26:32)
years old, you refinance those student loans back in 2021, 2020. It it is worth every penny to me of a little bit of extra interest that you might pay.
To experience some life
Chelsea Jones (26:45)
Mm-hmm.
Nate (26:46)
while your kids are nine, six, and five. So I recommended that they spend some money, even though their financial plan would always call to save more money. And then the
Chelsea Jones (27:00)
Yeah.
Nate (27:00)
big thing was start thinking about what you need to do to slow down in your mid-50s. Because that is
Chelsea Jones (27:08)
Mm-hmm.
Nate (27:08)
a real threat to their life. And
What I found out was you can take a much less demanding job. he said that a lot of people in his practice go work for an insurance company or they work 1099 or lots of things you can do, lots of things physicians
Chelsea Jones (27:23)
Mm-hmm.
Nate (27:23)
can do to go make $300,000 a year. Maybe it's not $600, but if you save like this family saved for the first, you know, eight years, then you can slow down and save less in your 50s.
And that is usually the the the path of least resistance. It's not a full stop retirement at fifty, because then you don't live life until you're fifty. But you can slow down, save less, let the market do a lot of the work for you, because they're projecting by the time they're in their mid-50s to have a few million dollars, maybe even
Chelsea Jones (28:02)
Mm-hmm.
Nate (28:03)
several million dollars. And so saving an extra fifty grand a year doesn't
ma have as big of an impact for them as it does saving right now. And so, another big thing is they're very used to not spending a ton of money. So making three hundred thousand dollars a year, will be plenty.
Chelsea Jones (28:21)
And
yeah, if they're not saving, then it might not
Nate (28:24)
Mm-hmm.
Chelsea Jones (28:25)
feel like that big of a change at all.
Nate (28:27)
Yep. Yep. So this is why it's important to have a plan because when these things come up and you start to worry about these things, you can go back to the plan and it's not going to tell you everything
Chelsea Jones (28:41)
Okay.
Nate (28:41)
about every choice you need to make, but it's a nice little backstop
Chelsea Jones (28:44)
Mm-hmm.
Nate (28:45)
to say you're in good shape, you can spend a little bit of money, and still
come up with a decent plan to not be in student loan debt for too long.
I I just couldn't help myself though, but to pin these questions against each other. Two thirty eight year olds in a completely different situation. One has a million dollars, one has a hundred thousand, both just as worried.
Okay, I think that's it for today. All
Chelsea Jones (29:06)
There's a it is, yep.
Nate (29:09)
right. Thank you everybody for listening. If you like this episode, you can subscribe just about wherever you listen to, Spotify, Apple. and if you'd like to work with us, you can visit physicianfamily.com to schedule an interview. If you aren't ready for that, you can send us a question at podcast at physicianfamily.com. We will answer it even if it doesn't make it on the show. Until next time, remember, you're not just making a living, you're making a life.
