For people, that is somewhat of an individualis thing what yu can afford to pay. That depends on priorities. Be careful about the amount of debt. The student can borrow. Well cosign the loan. Well take care of later. Never borrow over the course of a degree more than what the average starting salary for the career yourehe interested in. Gerri your total debt shouldnt be more than the firstyears salary. Students. Gerri you can figure that out. That is not impossible to figure that out. That isit tough for some peoplen some careers to actually do. What careers really pay off for students . Those tend to be stem careers. Those require a lot of discipline, prep work. Stem is the science, technology, engineering and mathematics. Some areen even in liberal art disciplines, the mathematics but those are very rigorous courses of study. The average starting salaries are quite high for those jobs. If you can get them. Gerri i know a lot of people, a lot of ceos are pushing the next generation to go into these fields. 28 now going into stem careers, up from 20 in 1997. Were seeing more and more students doe it. But i have to tell you, there are some really sting codegrees out there that people spend a lot of time and money getting. What are some degrees that really dont have payoffs . In part depends on the student. Gerri thats true. Liberal arts are difficult. Of coursfe some are lowpaying professions. Art, that doesnt say one shouldnt do that but you should not borrowing a large amount of money assuming you will make the huge big bucks to get out to sustain thatin debt. But soft skills, no matter what you have, that is important, whatever you major in. That is lacking thing in employers, students lack soft skills. Critical c thinking. Communication skills. Develop those regardless what they major in, that they have a better shot getting a job when they get out. Gerri Worst College degrees for return on investment, communications. Hello. A lot of people in this build having that. Nutrition, hospitality, tourism, religious studies and theology. I know a lot of people in that category number five. Hard to make aon lot of money. When you look at schools with best return on investment, same schools all over. Harvey mudd college, mit. Tell us about these schools where the graduates just do super wellch. The top five schools to pay scale, harvey mudd, mit, cal tech, stanford, Stevens Institute of technology. Those of course have high returns on investments because they tend to be schools where there is large stem graduates, a percentage of the graduates. That is one thing to bear in mind, somewhat selfselecting. Those are students in highpaying majors that they go there. In returns of looking return on investment, look at your aid package, what are you actually paying . Avoiding the debt. If you go to school, where you dont incurnc a lot of debt you have more flexibility majoring because youre not tied down to certainyo career because you hae to pay off the student loan. Gerri talk about things people do wrong applying for aid. Some look down, look at package and will have to get more aid. Some mistakes are silly, like putting down wrong Social Security number but beyond that what are some mistakes people make . They think somehow this is altruistic charitable thing. They dont realize a business decision when you apply for Financial Aid. The college wants you, attractive you will get a better package. Gerri youre a product. The student i is a product at marketplace. Right. Youre looking at colleges and they target you where you live, s. A. T. Scores, to target you as likely student to go to the school. You needik to be savvy with the process. Remember when you stripi away ivy, you basically have a business. The college will not show you you how to maximizable. Best case advantage. File forms on time. Bigpt mistake to accept at schol to apply for Financial Aid. Some people wait until too late. Miss priority deadlines. Gerri not too late right now. You can still apply. Cal cheney, great advice and great perspective. Thank you. We are kicking off day 3 of our users guide to financing your College Education. It is that time of year, my friend, when perspective students all over the country are getting Financial Aid offers from colleges, right in the mailbox. But our next guest says these can be deceiving. How do you decode the offers and pick best one . Mark cantor, Senior Vice President and publisher of advisors network. Author of filing the fam is a. Your work is wellknown in this sector and this category. Warn folks what theyre up against here. Not like colleges are necessarily going to tell you anything. In fact when l you get that aid package, they might leave a few things out. Likeew what . First of all, they might leave out cost of attendance at school. Theytt may just list direct coss like tuition and fees but not all other costs, room and board, books and supplies, computers and transportation, personal expenses. Gerri well that is not the whole story. Not the whole story, right . Mom and dad will have to pay a lot more. You also say there is missing, or misleading information about loans. Help us understand that. Well, the award letter is going to list the Financial Aid that youre getting but they may not distinguish between loans and grants. It may characterize a loan as though it reduces your college cost, listing just the name of the award and award amount, not identifying it as a loan. Gerri wow. So, as youre looking over that list, it is harder for you to distinguish what is the free money and money you have to pay back. If youre going to do any analysis at all of these numbers you have to know both those things. You say there is also an issue with frontloading grants. Tell us how that works. What does that mean . So, what you need to do is analyze the award letter is look at the net price, which is the difference between the total College Costs and just the grants and other gift aid money that doesnt need to be repaid. But, about half of all colleges do what is called frondloading of grants, they give you better grants the freshman year than during the sophomore, junior and senior year. Your net price that freshman year may be lower than it is in subsequent years. Gerri that is important to know, if youre counting on your situation financially to be same every year that may not happen that g way. Is there any way to get the school to be honest about it, be up front about it . Sometimes you can ask them and they will be honest, ask, are you frontloading grants . Other times you might have have to ask grants as senior compared with grants as freshman. Use college navigator. Gov, look at grants for freshmen and all undergraduate students. If there is significant difference it means the School Practices frontloading of grants. Gerri you want to obviously compare offers, right . Try to figure out which offers your child is getting is best. How do you do that . You compare them based on net price, not the net cost figure. The colleges promote net cost i which subtract entire Financial Aid package from cost of attendance. That Financial Aid package includes loans that dont reduce cost. Compare with just discounts the grants. It issunt discounted sticker pr. If there are differences less than a thousand dollars, most families go whichever school has thee greatest reputation or the best academic or social fit. If it is more than 5,000s, they often go with cheaper school. Gerri or best party school is what some kid wantri to do, rig, mark . A yes. Y gerri before you go, tell us a little bit about the best types of loans out there. What are the best loans . We talk about free money. Talk about money you have to repay. This is money you have to repay. Witelh loans you want to look at cost of the loan. What is Interest Rate and fees . Are those Interest Rates fixed or are they going to increase when the Federal Reserve stops easing and stops quantitative easing . So generally speaking federal loans are the best bet because they have low fixed rates and more available and better repayment terms. Gerri very good repayment terms. In fact sometimes you can get the debt forgiven. Mark, thanks for coming on the show. Great to see you. Really appreciate your time. Thank you. Thank you for having me. Gerri did you know many students who qualify for grants dont even apply . This story continues. Wellto gerri on to our users guide. Weve been talking about all week your loved ones College Education and best way to pay for it. Filing fafsa forms or decoding misleading offers. If you missed any of this, visit my website, gerriwillis. Com for all the cost cutting details. Lots of good information there we want to make sure you dont leave any money on the table for college. Here with advice finding free money is rob franic, Senior Vice President ofse publishing t Princeton Review and wrote a book, best values of college. A pretty nice read. Rob, nice to have you on the show. Good to be here. Gerri what are the sources of this kind of money . Where do you get this free money. There is a lot of free money, 180 billion this year and consistent with last year. There are four big forms. Fafsa, that unlocks federal scholarship dollars. Pell grants or subsidiesed stafford loans. There is lot of money from the bucket. Gerri what do you mean by institutional grants. They will also offer for the majority ofll students scholarsp dollars, merit based money you do not have to pay back. Gerri we learned most students dont pay a full freight. Might pay a third of cost, maybe more. Private employer grants, is there a lot of that money. There are some of those things, employer grants where parents are working. Research on local level. Private money where we get a big myth in there. We have less than 5 of money coming directly from private scholarship dollars. They get a lot of news but pay out very little. Gerri statel grants . Pretty big bucket. There are Tuition Assistance programs for new york state students. A lot of individual states will have different state programs fors those students. Staying instate to study. Gerri you have to be very proactive, do this on your own, look, High School Counselor will not help you. Why isl that. Numbers peek for themselves. High School Guidance counselors to students, 470 students to everyone guidance counselor nationally. In california, far worse. 1,000 kids to everyone guidance counselor. Gerri i want tools. I want to know where to go on the web to find information. We have over 800 different Financial Aid ratings on Princeton Review. Com. Scholarship. Com. State well. Fafsa website, doted, dotgovernor. Gerri you have to fill out the damn form. It is super long. I understand a real pain in the butt these days. You have pleasure of filling it out once not every year you apply to college. Gerri sorry you used the d word. There areso a couple scholarshis people should consider. What are they. One of our favorites is the georgia hope scholarship f youre Georgia State student, but the program, get b average, bpluso average or better, 85 percentile in s. A. T. Or act you will got scholarship dollars. Gerri in georgia . In georgia. Gerri there are other scholarships youh have to do research to find out. Gerri go to church. Local sources. Less come picks. Those will be pay off. Local connections that pay off forio students and families. Rob, thank you. Good to be here. Gerri appreciate it. Gerri up next, youre more than just a number. New moves to give you more power over your personal information. And important info to consider before you cosign a loan for your children. Or anybody else. [ male announcer ] this is the age of knowing what youre made of. Why let erectile dysfunction get in your way . Talk to your doctor about viagra. Ask if your heart is healthy enough for sex. Do not take viagra if you take nitrates for chest pain. It may cause an unsafe drop in blood pressure. Side effects include headache, flushing, upset stomach, and abnormal vision. To avoid long term injury, seek immediate medical help for an erection lasting more than four hours. Stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. This is the age of taking action. Viagra. Talk to your doctor. If your doctor decides viagra is right for you, you can fill your prescription at your pharmacy. Or, check out viagra home delivery, a convenient place to fill your prescription online and have it shipped at no additional cost straight to your door. Viagra home delivery. Get started at viagra. Com. If your denture moves, it can irritate your gums. Try fixodent plus gum care. It helps stop denture movement and prevents gum irritation. Fixodent. And forget it. Gerri it is a massive trove of data onf you. 3,000 pieces of information and you have no control over it. The Big Data Companies do. Your online life, what you buy, where you go, all kind of details. Now the feds want to give you more power over that personal information as well. For more on this, John Ulzheimer with credit sesame. Com. Great to have you on the show. Federal trade Commission Says consumers have more power. Should they . Im not so sure. Imwe not so sure if we gave thm more power over this data they would actually do anything about it. Weve given them wide latitude over credit reportt data heavily regulated and by and large they dont do anything about it, simply suggesting they will do something because they have control is little bit speculative. Gerri speculative but golly i would like i to know what the marketers think who i am and what my habits. My guess it is about inaccurate as other report about me whether history of my Financial Life or anything else . Well,. You know the interesting, the interesting issue that you just brought up is, we just dont know because we dont have access to the information there is no obligation for the industry to share that information to us, even if we asked for it. Now some otf the players in the industry are proactively saying look, if you want it, just ask us well give it to you but i imagine 99. 9 out of 100 viewers dont know hot players are and wouldnt even know where to go ask for theon information if thy knew it even existed. Gerri achessy yom, corelogic, idn analytics, list goes on. Tilly just. More Companies Getting into it every day because there is big money putting together information. Lots of details about each and everyone of us. Finally computers can crunch all thighs numbers. Thats right. Gerri what theyre doing now, theyre saying some of these companies, i believe, i cant remember experion is doing it, they say you come on our website. You enroll. If you dont like what you see and want to change it, change it, right . Thee problem is now youre givig them more personal details to track you down with. How is this information being used . I would argue that these companies no more about you and your patterns than you know about you andu your patterns these guys are storing thousands of data points about you. Everything from, what kind of like, what kind of websites you visit to what kind of potato chips you choose at the store and you simply dont remember all that stuff in a way you can crunch it, aggregate it, normalize it so a company can buy it to use it to market to you. Youre right, some of these guys, if you want to stop sharing information just ask us well proactively do it. By and large you have very little control over unregulated information. Gerri can you ask them to stop collecting your information . Didnt think you could. Sk you can ask them to stop distributing it. You cant ask them to stop collecting it. Frankly, not to blame anybody in particular guess where a o lot f information comes from they have . Comes from people like you and i, when we fill out things like surveys, warranty cards, when we byproducts that information gets aggragated. A lot of places ends up with blg data. They use the information to turn around and market products and services to us. Gerri one of my favorite stories about this is aor fellow who had a young teenage daughter and found out his daughter was pregnant because she started getting marketing baby diapers i believe. Oh, yeah. Gerri what a way to find out your kid is pregnant. Big data was sharing information with target but dad didnt know. That is theha kind of thing i think people is sort of frightening. It is r peering so deeply over your shoulder, so much into your life, not just the offers you get and mark connect you get. Itet is what might be withheld from you too. Let me ask you this question. Say visa finds out youre spending all your money at the bar saturday night and doing things you shouldnt maybe. Do they start withholding credit . Do they start cutting your credit lines . Will somebody make that kind of decision about your life because they have all these intimate details . Not only can they, but, they already have. It was widely reported several years ago, wtehen a company called, compucredit was sued. They disclosed that where consumers were using their cards, perfectly legal by the way, you can use your card anywhere you choose to use your card, but where they used their card told a story how risky you were, and they would use that as way to mitigate your risk. Using at places like marriage counseling, bars, was causing a problem for the card ish you app issue err. Again, how do i know. You tell me i can use my card wherever i want to. I follow your rules but unbeknownst to me the rules are keeping me on shorter leash. Gerri exactly. Gives me the heebiejeebies. Thanks for coming on tonight. T is out theremen trying to rein this in. Oh, yeah. That will make it all better. Thanks, gerri. Gerri thank you. Gerri all right, mom and dad, listen up you may put your own credit score at risk when you cosign a loan for your adult children. According to au new report, two in three millenials relied on mom and dad as cosigner for things like home loans. Should parents do this . Real estate expert kendra todd. Thanks for coming on. Is this a good idea . Should mom and dad be cosigning . Well i think it really, really depends on the circumstance. What parents need to really, really consider is the fact that theyre equally obligated to pay that debt along with their child. It is very, very common to see a parent cosign, for example, on a car loan. But were talking about a house. So they have to consider the fact that if their child is late on air mortgage payment, or, sks a mortgage payment, their credit score is going to be affected. That is not really ideal if youre inching towards retirement. Absolutely not. You know, what i dont understand, why arent kids doing this on their own . I know prices have gone up in a lost markets and houses are expensive and may be difficult to get that down payment together but, maybe mom and dad help with that but not helping them get the loan. Why areha they doing this . Well, there is a couple of instances where ito actually makes sense. And there really is a trend in thehe market. For example, we have situation right now we have a client whose parents are cosigning on the loan. But sheo is in nursing school. She is getting ready to graduate. A year from r now she is guaranteed a very highpaying job. So the thing about it is, Young Professionals are attracted to this opportunity because if you doesnt have at least two years work experience, none of your income counts. So parentsp who know that their children are fiscally responsible, are will have a highpaying job, soon or, you know, theyre in dental school, they will be a lawyer or doctor it may make sense. The other situation where it makes sense is actually parents who are purchasing a home for a child that has a disability, or ifd you want to purchase a home for your aging parents. Those are other instances where cosigning or even signing on their behalf really does make a lot of sense. Gerri so tell me, kendra, what the ticktock okay, for mom and dad who sign . Lets say little joey, gets a little carried away at the shoppingtt mall, cant make mortgage this month. How soon do mom and dad get called in . Hown soon does it take . If you have 1 30day late on mortgage payment, everybodys credit gets dinged. It is something where a parent will really have to know their child is responsible. They can afford to make those paints and that they will come to them if they cant it could have negative impact on everyones credit history. Ive seen the situation actually in reverse where the parents ruin the childs credit. It is not a oneway street here. Gerri goodness. I want to show some other facts from this experson i dont know study. Peer i dont know study. 15 didnt know right away the kid was in trouble. You know that is true, right . Does junior call from across the town or across the country and uhoh, im having a little trouble here . Finally 12 suffered dented Credit Scores as you were describing. This is y not just maybe bad moy management. This is also bad Family Management in my view. What do you think . Yeah. I would agree. Like i said, it really is, it is a judgment call but it is a decision that i would think very, very careful about if i were a parent. You know, i do talk to a lot of millenials we work o with. They consider this idea. A lot say, you know what . Ii want to stand on my own two feet. I dont want to ask mom and dad for help. During the mortgage crisis this wasnt even an option. You couldnt even go down this path. I think if you want to way a home, it is important to be in a position where you can afford to qualify for the mortgage. Gerri words of wisdom from kendras todd. Thank you for coming on. Appreciate your time. Likewise. Gerri coming up next, new research on running that wont exactly put a spring in your step. The doctor is in the house next. Whole foods is out of favor . Have we all given up on the organic food craze . Stay with us. When folks think about what they get from alaska, they think salmon and energy. But the energy bp produces up here creates Something Else as well jobs all over america. Engineering and innovation jobs. Advanced Safety Systems technology. Shipping and manufacturing. Across the united states, bp supports more than a quarter million jobs. When we set up operation in one part of the country, people in other parts go to work. Thats not a coincidence. Its one more part of our commitment to america. There was like an i haderuption on my skingles. And burning. Id lift my arm and the pain back here was excruciating. When i went to the doctor his first question was did you have chickenpox . I thought it was something that, you know, old people got. Gerri so you probably heard the phrase, too much of a good thing . Well now the mantra could be used, were talking about running. New Research Showing that people who are participate pate in excessive running like marathon runners may have more heart problems than the rest of us. Why is this so . How can you run safely . Dr. Kevin campbell, assistant professor of medicine at the university of North Carolina has some ideas. Kevin, welcome to the show. So, really . I cant, marathon and eating a hamburger, theyre comparable . How so . I really dont think that is accurate. Eating a hamburger has lots of fat and calories and it is just not very Good Nutrition for you. Running a marathon can be a great thing for your health, but, it can also be detrimental if you overdo it just like with. Gerri are there limits how much you should run and still stay safe . S this new data, this new research looked how much is too much. The number they came up with, if youre running more than 30 miles a week, you probably may be running too much. These folks were shown to have higher rates ever Heart Disease and plaques in the heart arteries. Gerri okay, im safe. Im not running more than 30 miles a week. Im finally doing the right thing but so, if it is 30 miles a week, about that is really the limit why are some people getting sick . They think they can eat anything because theyre exercising so much . I think it has more to do with the training. When you train your body is in constant state of inflammation. We know that gerri what does that mean . Inflammation means blood cells are active. You may be able to see more clotting factors. You may see blood cells sticking together inside of the heart arteries. Gerri everything expand and get in way of everything . Its a response to an insult. And we need to have a day or an hour or something where we rest to give our body a chance to recover. Inflammation i development of Heart Disease. If you exercise so much with no down time it may have to do with inflammatory markers. At gerri i dont understand inflammation obviously. How can i tell from the outside that somebody has it or i have it . One of the things to look for listen to your body. If you develop shortness of breath, out of proportion what youre doing. Chest page or passing out or dizzy spells, that could be real sign that you have underlying Heart Disease you didnt know about. Gerri shortness of breath. Maybe i should spend all my time on the cough, dr. Kevin . Is that the moral of the story here . Absolutely not. That is one thing we cant take away. Obesity and obesityrelated illness in the u. S. Is 150 billion worth of w health care costs. We must move around get off the couch. Too much is bad for you. Tough find the sweet spot. Gerri sweet spot. Half a million marathon finishers, nearly 600,000 last year. Did they do everything wrong or can you actually do a marathon and still be healthy. I think you can absolutely do a marathon and be healthy. When you train for a marathon, try to keep training under 30 miles a week until couple weeks before the marathon where you make sure you run a couple marathons during that time. Be smart about it. Listen to your body. Talk to your doctor and make sure youre fit to train for a marathon. Gerri i knoew people that do te 100mile runs. I cant imagine stress on the body. Must be intense. Absolutely. Gerri well keep it all under control. N guaranty you im not running over 30 miles a week. Dr. Campbell, thank you. Thank you so much. Gerri up next the supermarket guru is with new analysis that consumers may be giving up on organic food. A special report where theres a will theres a way. People who had comeback from extraordinary hardship. How do they turn it around . Still ahead. X÷÷÷÷÷÷÷÷ gerri remember whole foods . Used to be the in place for shoppers and investors but not anymore. The stock is the worst performer in the s p 500 this year losing a third of its value. Consumers are not flocking to whole foods like they used to. So whats going on . Lets ask phil from supermarket guru. Com. Phil, welcome back to the show. Thank you, gerri. Gerri is organic not popular anymore . It noise not organic. Remember what whole foods model was. What whole foods first started they didnt have any competition except that Little Health food market had somebody barely stand up not keel over selling you grains and stuff like that . That was their model. So what they did, almost like, netflix and blockbuster and so on. It is evolved. We as consumers need to be listened to. We want more organics. We wan ot more fresh. However fresh market, sprouts, kroger, safeway, everything is selling the stuff less expensively an whole foods. Gerri lets get to that. My friend call whole foods whole paycheck, it seems like the price points alire higher. How much higher are they than some of the grocers you were just mentioning . Well typically a grocer makes 1 1 2 net profit a year. Whole foods makes about 8 . So theyre doing well. Theyre doing about four to five times betterim than the traditional store. So as a result of it, consumers are shopping around. Walmart announced their new wild oats program. 25 less expensive than other Stores Including kroger and safeway on organics. Target getting into partnerships on organics. Everybody wants to sell healthy food. Theyre responding to us. We want more transparency. We wantpl simpler ingredients. We want bettertasting food. Frankly if you look at whole foods, they marketed themselves as first organ supermarket. The realitiering in whole foods is not organic. Gerri do you think theres brand loyalty in this category anymore . People talk about costco. They seem to be loyal to costco but are people loyal to other brand names . They are and theyre not. When it comes to price, when it comes to the price of food and you and i talked about this a lot, you know, people are pinching pennies. However, one thing that whole foods has that no other food retailer has, they have more of a presence on social media, facebook and twitter than anybody else. What they really need to do is start mining that. Getting those people to come back into the stores that havent been there for a while. Gerri you know, ive been a fan because i can find things there that i couldnt find previously than anywhere else. Im starting to find some of these goods on other supermarket chefs. Theyre sort of everywhere. Now im starting to go to price comparisons. Whole foods cut some prices but have they done a good job becoming competitive . D no. They have not. They have cutpe some prices. They have given some, you know, lip service to the whole idea but their 365 store brand is properly priced, is high quality. So they need to push that as well. But even on amazon, go to amazon. Com or amazon fresh, look at their prices on organics and some of these other more natural foods. It is terrific. You could frankly save 20, 30, 40 over the price at whole foods. Gerri will tell you, i think im last person in the world who still finds Grocery Shopping entertaining. It is pathetic. I like to eat, i like to cook, i like to shop. You too . Thanks for coming on tonight. Good to see you. Good to see you, gerri. Gerri up next, where theres a will theres a way. Reallife stories how to turn your finances around when all seems lost. No more runaround by the airlines. A new technology to make sure your luggage never gets lost. Your luggage never gets lost. Well be right back. When folks think about what they get from alaska, your luggage never gets lost. Well be right back. They think salmon and energy. But the energy bp produces up here creates Something Else as well jobs all over america. Engineering and innovation jobs. Advanced Safety Systems technology. Shipping and manufacturing. Across the united states, bp supports more than a quarter million jobs. When we set up operation in one part of the country, people in other parts go to work. Thats not a coincidence. Its one more part of our commitment to america. Our planet together our hands can save it connect your hands with ours and we can save our land, our water, our future. Join us at nature. Org gerri you saw it, right . Where theres a will there is a way. Were looking for real people, you and me, whatever, who have come back from extraordinary hardship. Have you faced financial ruin and turned it around . We want to hear from you to inspire all our viewers. Message me or email me gerri foxbusiness. Com. We have a special guest, who not only lost everything but lost it multiple times. He didnt let it get in way of his success. Larry smith, independent associate for legal shield. Larry, i read every word of your story and it is truly inspiring. Let me tell you, i admire you so much because you got up every time you got knocked down. That is what i really like about it. Start with the story from the beginning. You had a great start. You were on a role as very young man. Yes i was, gerri. I started with the pillbury company back when i was with in my 20s. With them for 10 years and left with a friend to another company and spent five years there i didnt start putting money into 401 k and think about retirement until i was in my mid 30s. That is how i got started with good businesses, good companies, good company cars an benefits. Gerri once you left pillbury and a second job, you ran into some headwinds. Tell me about that because it was tough times. You actually i think had a paper route at one point . Yes, maam, i did. At 38 i decided to start a business of my own so i cashed in my 401 k . Gerri wow. To start a business and spent a year doing that and made a living but didnt really make enough money. So i decided to go back to corporate. When i got offered a job. I accepted it. When i got there they had to withdraw the offer because company lost one of its major suppliers. All of sudden im going through a lot of stressful times. Couldnt find work. Only 3,000 to my name and started throwing 3 30 a. M. Paper route and sacking groceries and crazy things to put food on the table. Gerri thats what i like about the story. You will just get it done. That is what successful people do i believe. They find a way, over that hump, around it, under it, some way to get the work done. You had kids you had to support and a wife. She also went back to work as i understand. Is that right . Yes, maam. She did. She went back to work until i found a job for 40,000 a year less than what i was making when ima left my last job because i d to do something. Got so tough i ended up in bankruptcy in 1989. Gerri bankruptcy, that has got to be hard. I tell you, did you ever think you would pull out of that . You know, i never really got disgusted bit. I was frustrated and disappointed i had to go through it. Al reality you can think about things in your past or focus on a your future. I elected to focus on the future and knew i could do it and go back again. Gerri what you eventually did was s started your own business. Slow steps. You ran it out of your house at first. But it grew and i it grew. You had a epiphany what age you needed to save for retirement . Well, i realized i needed to save for retirement mid 30s. I didnt start doing it closer to 50. Gerri wow. It was fun, because, what happened when i started my own business, i started giving my own business the same work ethic and discipline i gave the corporate jobs. Literally within two years i was making twice as much money i made at any corporate job. Gerri wow. I started funding my future. Gerri i love to hear that. Tell me your advice for other people who might be having a hard time funding their 401 k . Maybe they lost a job. Theyre facing other financial headwinds. What do you tell them . First thing you have to make a decision that you have to save. You cant put your financial future in the hands of one person. Have to put money away. I think along with tithing, paying yourself 10 and building six Month Emergency Fund and dont run into snag of borrow money to stay in debt. Get rid of your debt. Put 30 of your money into investment accounts, doing that in the process, read 10 pages after good Financial Education book every day. Because you will read 10 to 12 books a year. You will be passionate investing instead of spending. You find your niche in the investment markets. Gerri larry, love your advice. Thanks for coming on tonight. Pleasure meeting you. Hope we hear from you begin. Thank you. Thank you very much. I appreciate it. Gerri up next, it is like a gps tag for your luggage. New technology would let you know where your bags are at all times. Stay with us. Well be here at lifelock doing our thing you do your swipe from anywhere thing, watching out for your identity, data breach or not. Get lifelock protection and live life free. Shinglesthe blisters tremendously as a pilot. And the pain in my scalp area and down the back of my neck was intense. It would have been virtually impossible in that confined space with the rash to move to change radio frequencies. I would just stop and literally freeze up. I mean it hurt. I couldnt even get up and drive let alone teach somebody and be responsible in an airplane. When my doctor told me that shingles came from the chickenpox virus i was very surprised. For two weeks i sat up in bed because i couldnt lay down. I had the scabs all throughout the side of my head and into the upper neck region. I didnt want to do anything except go to sleep and have the pain be over. As a pilot that meant i was grounded. [ shutter clicks ] hi there [ laughs ] im flo i know im going to get you your rental car. This is so ridiculous. Were going to manage your entire repair process from paperwork to pickup, okay, little tiny baby . Your car is ready, and your repairs are guaranteed for as long as you own it. The Progressive Service center a real place, where we really manage your claim from start to finish. Really. Easy as easy can be bye if your denture moves, it can irritate your gums. Try fixodent plus gum care. It helps stop denture movement and prevents gum irritation. Fixodent. And forget it. Gerri say goodbye to lost luggage. Some airlines are developing new technology that would allow passengers to check the whereabouts of their missing bags. So how would this work . Here to explain is the president of airfarewatchdog. Com. George, welcome back to the show. So, okay how would this work . Basically, gerri, well have these hightech bag tags that will have gpsenabled. You will put them on your bags and using your smartphone you will be able to track your bag anywhere around the world. We may even see some luggage that has builtin gps tracking as well. Gerri sound expensive. Who picks up the tab . Well, you know, Airlines Lose millions of dollars a year in lost bag charges. The government requires that they pay 3400 for even a delayed bag. And it costs about 100 to reunite somebody with a delayed bag once its found. So it does cost the airline something. We dont know exactly who will be paying for this. It might be passengers will buy the tags. They might be quite cheap. Eventually under 30 eventually once manufacturing gets going. Maybe Airlines Give them for free. Because it will really save them money. Gerri here is why it would save them money. Because they have to pay 3400 on domestic flights when a bag is lost or stolen. Thats a lot of dough. Paying 30 bucks for a gps tag might make more sense of the number of misdirected bags, 26 million a year. Is that a large proportion of the total or not so much . Well, depending which estimates you believe, every 1 in 150 bags or one in three bags are lost or misdirected. So quite a few. Gerri do you consider that a big number what im asking . 26 million to me sound like a very big number, but when you look at comparison to total amount, maybe it is not that much . Depend if it is your bag thats lost. Then it is a big number. But, you know, even those paper bag tags that they use which by the way have been here since the 1930s, really time that this industry, even those paper tags Cost Airlines a lot of money. So it is not like even the paper tags are free. So it is no the just a lost bags but also the tags which have to be issued every time. So these, these bag tags, gerri, these new bag tags are permanent so, the airlines dont have to keep on printing them every time you send a bag through the bag check. It will save airlines money. Gerri that is very interesting. I was thinking that may be another way for airlines to raise my air fare. Gerri, we gave you gps tag for your bag. Add another 100 bucks. But you say no. It might work exactly the other way. I think your other point a little tag for the airport. Lax. Old school, really, really old school. That is shocking it hasnt been upgraded. Computer systems are ancient. Only planes, even some planes are not that new, gerri. Very technologically backward industry. A lot of reservation systems developed in the 1960s. This will be a great leap forward. I imagine not too distant future well all have permanent bag tags that we can program ourselves. We can track the bags. We can use our smartphones to program them. Well be entering city, destination city ourself rather than relying on somebody else to enter the destination. A lot of bags are misdirected because the Airline People send it to the wrong city. Gerri george, i respect you. I know you know what youre talking about. Airfarewatchdog. Com. Big website, but i dont know if im going to be programing my own bag. I cant even program satellite tv right now. So thanks for coming on. It was good to see you. Maybe i get smarter. I dont know. It could happen. Things improve. George, thanks. Thanks. Gerri first what youre tweeting me about the poll question. Have the airlines ever lost your luggage . Sergeant tweets this, all of our family luggage never arrived to our vacation airline asked, was the luggage ever outside of your possession . Sound familiar. Steve tweets this. Only take carryon. That is good. Flag posting on my facebook page, yes. We were moving. All my lost luggage it should be dramatic. Jim posted, they lost mine. Bugged them for three weeks. No results. I provide ad claim for proof of value with most items. Claim was 1,000. In three days i had my luggage. It was held in frankfurt, germany the entire time. That is it for the willis report. Have a great night. Kennedy december last year we launched a show, not only to reflect our political preferences but one that highlights shifting beliefs that many of you have. Like you, weve grown sick of both parties so we wanted to do a show that called people out on their nonsense and also something that would give us a way to talk to their friends about stories and issues that excite us. From national security, music, parenting, politics, its all here and were going to look at the guests who inspired us with thoughtful lives and analysis and others who threw us, mostly me, into fits of adolescent rage, from Rick Santorum to