Scott

And they really keep it well-researched and decide what your risk tolerance is. That way, you're not buying at the top, selling at the bottom. You can do the opposite and always leave a little room to buy a little more.

Charlie, I mean, it's going to make me sound like the most boring person in the world. Great tax planning. Like just sit and think. Think about tax planning, especially like once you have a family. But when do you want to buy a house? When do you not want to buy a house? Right. How do you manage your finances?

Charlie, I mean, it's going to make me sound like the most boring person in the world. Great tax planning. Like just sit and think. Think about tax planning, especially like once you have a family. But when do you want to buy a house? When do you not want to buy a house? Right. How do you manage your finances?

As you said, the mortgages are deductible, but you buy a house, but you're locked in one place. And then the other thing, too, is there's a famous baseball player, the only baseball player to bat over 400, Ted Williams. And... He was interviewed once, and they said, Ted, how'd you bat 400? And he said, I only swung at strikes. And... You're all young people.

As you said, the mortgages are deductible, but you buy a house, but you're locked in one place. And then the other thing, too, is there's a famous baseball player, the only baseball player to bat over 400, Ted Williams. And... He was interviewed once, and they said, Ted, how'd you bat 400? And he said, I only swung at strikes. And... You're all young people.

You are going to see a lot of things happening over your career. There are going to be a lot of great opportunities. And so the other thing I would say is don't be afraid of change. Don't be afraid of volatility. Don't be afraid, like... that of tough situations in my career, and then I'll get off, Charlie, is that I graduated from college in the mid-'80s. It was a crash of 87.

You are going to see a lot of things happening over your career. There are going to be a lot of great opportunities. And so the other thing I would say is don't be afraid of change. Don't be afraid of volatility. Don't be afraid, like... that of tough situations in my career, and then I'll get off, Charlie, is that I graduated from college in the mid-'80s. It was a crash of 87.

There were these financials, the savings and loan crisis, the Asia crisis, the dot-com bubble burst in 2000. Let's just say the dot-com bubble burst in 2000. I think Amazon stock may have gone from 100 to 3%. And that the and, you know, Warren Buffett says biggest mistake that he ever made was not Jeff Bezos came to him and said, you know, would you finance me? And he didn't.

There were these financials, the savings and loan crisis, the Asia crisis, the dot-com bubble burst in 2000. Let's just say the dot-com bubble burst in 2000. I think Amazon stock may have gone from 100 to 3%. And that the and, you know, Warren Buffett says biggest mistake that he ever made was not Jeff Bezos came to him and said, you know, would you finance me? And he didn't.

So that try to have a long term when you see a crisis or when you see a dislocation is probably a better word. Think about the long term. and always have some liquidity on the side. In 1987, stock market crash was down 20-something percent in one day, and I worked for this Middle Eastern family. So I was 25. I was freaking out. I was like, oh, my God, what are we going to do?

So that try to have a long term when you see a crisis or when you see a dislocation is probably a better word. Think about the long term. and always have some liquidity on the side. In 1987, stock market crash was down 20-something percent in one day, and I worked for this Middle Eastern family. So I was 25. I was freaking out. I was like, oh, my God, what are we going to do?

And the daughter of the family, who's only – If I was 25, she was 35. She came over calmly and she said, we've been saving up for a rainy day, and this is a great time to get involved. So... Have enough liquidity for a rainy day. Over the course of your life, be prepared to take advantage of very interesting situations. And always know your risk tolerance.

And the daughter of the family, who's only – If I was 25, she was 35. She came over calmly and she said, we've been saving up for a rainy day, and this is a great time to get involved. So... Have enough liquidity for a rainy day. Over the course of your life, be prepared to take advantage of very interesting situations. And always know your risk tolerance.

Good. And Charlie, why don't you organize a visit for some of the Turning Point crew here sometime in the next couple of months? We'd love to host them here at Treasury.

Good. And Charlie, why don't you organize a visit for some of the Turning Point crew here sometime in the next couple of months? We'd love to host them here at Treasury.

Absolutely. Charlie, think about this. First off, they've allowed anti-Semitic behavior, anti-Israel behavior. That's wrong. But I went up there, and I talked about the fact they ought to be taxed. By the way, Shirley, if you own an office building, do you pay taxes? Yes. If you own a restaurant, do you pay taxes? Yes. If you give a speech, do you pay taxes? Yes.

Absolutely. Charlie, think about this. First off, they've allowed anti-Semitic behavior, anti-Israel behavior. That's wrong. But I went up there, and I talked about the fact they ought to be taxed. By the way, Shirley, if you own an office building, do you pay taxes? Yes. If you own a restaurant, do you pay taxes? Yes. If you give a speech, do you pay taxes? Yes.

Harvard's got $53 billion in the bank, and they don't pay taxes? That's wrong. So these schools should be like all the rest of us. They ought to be paying taxes. But I defended Trump's policies with regard to tariffs. I defended Trump's policies with regard to making our allies in Europe pay their fair share and defend their freedom first.

Harvard's got $53 billion in the bank, and they don't pay taxes? That's wrong. So these schools should be like all the rest of us. They ought to be paying taxes. But I defended Trump's policies with regard to tariffs. I defended Trump's policies with regard to making our allies in Europe pay their fair share and defend their freedom first.

So those are the types of things I talked about, balancing the budget. And guess what? When you explain it, how it's going to impact you, that person, that student, they get it. But we ought to do what you're doing all the time. You're going to these college campuses and you're explaining how it impacts their life. And that's what we all ought to be doing.