Okay, let's talk about the $1.8 billion jackpot that I didn't win. We're going to talk about
money and Aaron McCollum is here. He's the we're seeing community lead certified financial
counselor with marine credit union. And be honest, did you buy a lottery tip? Powerball ticket?
I honestly did not buy a lottery ticket. I know you can't win if you don't play. I guess I'm just
well, I played and I didn't win. So you know, it's really bad. I bought five tickets for each one of
these billion dollar jackpots that came up in the last few weeks. I matched one number on one
out of five lines, by the way, that's, you know, I said five times five, that's 25, that's
30 numbers. I matched two numbers last time. One time I matched one. I mean, I mean, it's just six
numbers. How hard is it to pick six numbers? And then I panicked. And I said to my wife, what
would happen if I won the $1.8 billion? People be knocking on my door, try to kidnap me for one
thing for the money. All these scam artists would be calling my house, getting my phone number,
sending me emails. I would be afraid to walk out of the house because somebody would throw me in
their car and ransom me off. I said, I'm glad I didn't win the money. But it just says, it's just
a opening question here. Somebody with now two people split the money. So it's like 400 million
a piece, the payout if they just took the cash. And after taxes, maybe 300 million, something,
what do you do with it? You can't put it in an account because you guys can't ensure it
for you can't ensure 300 million dollars. Not on one account. Yes. It's just a nice light 300
million dollars. I mean, how life changing with that? But how do you handle it? Where do you put
it? Yeah. Well, I mean, take this advice from a guy who's never won the lottery. The most
out of the one was $50 on a scratch off ticket. We'll just do with that money. No. But I would say
first, you know, square square, all you're done, right? Pay off your mortgage. Yeah, but you've
got to do something with the money when they give it to you. I mean, they're going to give you
a check, a certified check. And before you can pay off your ditch, you got to cash that check.
You know, who's going to cash a 30 million dollar check? Hey, you guys are going to do it?
We can make a way happen. There's there's resources out there. I'm a big fan of the yearly
or the annuity where you get a year. Yeah. But what are the tax rate in burden? I'm told
two different stories. I'm told you can will it to somebody else after you die. And people say,
no, it's only good while you're alive. So I don't know what's true. I don't know. I'd hate to say,
if I could will it, that's fine. I wouldn't mind that. But if I can't and I dial, you know,
I'm the type of guy, hey, congratulations. You want to thank you and I can hit by a car and it's
all over before I get the cash to check. You can't cash those check. Who's going to cash a 30 million
dollar check for you? That's a great question. Forget 30 million, 300 million. I didn't,
it's 300 million. Who's going to cash that check? I'm sure that the state would have or the
the federal government would have some resources that could help there. You know, I'm counting on
you for the answer. What are you talking about? Well, you know, I'd say, you know, give back to your
community is a great way to start. And there's, you know, resources that you can check out. Hey,
I love my community, but 300 million dollars worth. Maybe one million, eight, four million.
Oh, yeah, I probably give most of it away. Most of them give it to animal charities and
disabled that charity. I give it to them anyway. But I know I can give it to them and they'll
never have to worry again. And that's the thing I do. All right, let's talk about marine credit
unit. First of all, everybody's going to ask the same question. What's that difference between
a bank and a credit union? Aren't they the same? Because I remember they used to have savings banks
for a while. Maybe they had banks and savings banks. And I think they got rid of the name savings
banks. Because you don't hear them anymore. Yeah, I mean, we're always trying to save, right?
Yeah. But they now they just have banks and credit unions. What's the difference? Yeah,
I would say the biggest difference is that credit unions are, remember, owned and operated.
They're community focused, nonprofit, community based, financial cooperatives. And so what that
means is they're put people over profit and really focus on the relationship, understanding where
you're currently at, where you want to go, but also where you've been. My wife's only used credit
unions her life and you're for me. She is a credit union and they're not that they're friendlier
when I go in, but they're friendly. I mean, they're good. So why would I want to pick a credit
union over a bank or vice versa? You know, you know, I play nice with banks and credit unions
of all kinds, right? I always say it's not one or the other. Maybe it's diversifying, keeping
different eggs and different baskets, right? And for me, I love the credit union difference
because it is an avenue for you to think the relationship based, have more savings, get more
money back on your paycheck, more competitive rates sometimes, more competitive terms as well.
And so when I think of credit unions, I think of, you know, the cooperative principles
that really help our community get stronger in all aspects, right? Collaboration and compassion,
being courage and committed to the community as a whole. And you're going to cash my 300 million
dollar check. I'll make some calls and see what I can do. That's not the worry about it now.
Now we're okay. Next time you can just give me a couple hundred million and I'll help.
How about that four dollar check? I can take care of that. I want to talk about some of the,
before we do that, I want to get your background. You would tell me interesting stories here.
You wanted to be a baseball player, huh? Yes. Well, I love baseball. And so a little bit of background
about myself, I started actually with Marine Credit Union as an intern in 2017. Before I accepted
the internship, I thought I got my dream internship for a minor league baseball team. I got my degree
in sales and marketing. And I was offered this internship. But unfortunately, it was a free
internship. And I was a broke college kid working numerous jobs. And I couldn't work for free all
summer. So a long story short, that led me to my dream job or my dream role here at Marine. I
was a senior consumer loan officer for a number of years. But part of my internship throughout that
summer was to give a presentation to our leadership team of, if you were the boss, what would you
do or bring to the credit union? This is the summer of 2017. I said, hey, we need community
ambassadors. We're a credit union that spans all throughout Wisconsin, as well as in Illinois and
Iowa. And we need people to understand the pulse of the community, serve the community, find ways
to engage and support the community, which we currently, and we've always done, but we never had
something since sinked and really clear cut. Everyone was putting that on as additional hat to wear.
And so super excited throughout my journey of May of last year, we launched a community
engagement department. And so there's three community leads like myself throughout our credit union.
And we get a chance to serve, support and engage our credit union in our community. And so we do
that. Let's talk about some of the events. I love that. That's my favorite part. I know it is. I
have a written down in favorite part, Aaron's favorite part. Yes. So last week, we did a community
empowered community resource fair, an awesome nonprofit here in the Racine area called Loving
Kindness hosted a free community resource fair kind of back to school for families. And it was
just a great time. We do a lot of different back to school events coming up in October. We have
a warm up with marine where we collect winter items, coats, mittens, hats, all that good stuff
for those who are without. And so we do that this weekend. You mentioned our veterans.
There's a veteran stand down event here. Oh, yeah. Yeah. Yeah. That's it. Festival Park.
Festival Park. Yes. They've talked about that the other day. So if you are a veteran or if you
know a veteran, come on out. 10 to 2 at Festival Park. Absolutely free, awesome resource fair.
Come say hi. Love to thank you for your service. And then if you're looking for some fun stuff to do
Saturday and Sunday, downtown Kenosha on the lake front there. There's a Hispanic Heritage
Festival. So free, not free food, but free resources, food, beverage, date, games, all sorts of
good stuff for Saturday and Sunday. You know, I there were three jobs I definitely wouldn't do.
I wouldn't do police fire and in the military only because I would fail at it miserably. I know
I would. So anybody who's in the police department, the fire department or veteran, God bless you
because I wouldn't do it. And I'm glad there are people out there that would. I just can't
picture myself going into danger. You know, I like to lock myself in a room here and keep the
world out. And that's how I'm really good at that. So God bless the veterans and anything we could
do for a veteran because there's no way I'm going on the front line with a gun and I wouldn't do
a gun in this neighborhood. But I mean, in front lines, God bless my father was in World War 2 for
four years in the Pacific theater. And I don't know how he did what he did. I mean, he was a
tail gunner and a maybe PBY. And I said, how did you do that for four years? Because I was too
stupid to know how dangerous it was. That's what he told me. He said it was 17 years old. I don't
know. What a sacrifice. My immense support and thanks to all the men and women who've served and
I'm contrary to popular belief, you do not have to be a marine member or to be a marine member.
So I was thinking like a marine biologist, something like that. I was thinking the George
could stand a line on a marine bank. Love that. Okay, so when I was in school, I don't know,
did they do this anymore school banking where you put a dollar in an envelope and they
know the animal. So when I was in school and I hate to mention the year, but it was the
long time ago, we used to have an envelope every week in your mother gave you a dollar and they
put it in the envelope and they sent it off to an account for you and it was a way to save money.
And we did that every year through grammar school and all of a sudden we graduated,
didn't start doing it anymore. Decades and decades go by. Decades.
And my nephew calls me, he said, Uncle Donald, your name's in the newspaper. That's really what
do they do? He said it's for chemical bank in New York and they have all these accounts that
are dormant. They're like decades and they need people to get their money out. He said,
I never banked there. What I did was I banked it a bank back in the early 60s that was sold, sold,
sold, sold, sold and it became chemical bank. And so I got a hold of them and I said, am I rich?
The lady said, no, you're not rich, but it's some money. Send me an ID with your old address
on it. I said, well, that's like three addresses ago. And I found my old college ID in a sanatorium.
I said, be honest, we're talking a lot of money. She goes 50 bucks. Send it. I pictured like a million
dollars. I figured decades of interest, 50 bucks. Because what they did was they took out money to
handle the expenses of the account. And it wasn't that much. She said, she said, they have to do it by
law, put the names in there before they get rid of the money. I pictured wealth beyond my imagination.
And it was 50 bucks. But it's 50 bucks. You know, I went to pay for your lottery ticket. I went
to RB. Yeah, with the RVs twice. And that was it. It was all gone. Okay. So tell me we'll show you
got the events coming up. Give me the soonest one you mentioned was at this stand down. Yeah,
the veteran stand down as well as the Hispanic Heritage Festival in Kenosha. Okay. So it's the
Saturday. Money's tough. It's always tough. You know, people say, well, it's tough times.
It's been always I've never met a day in my life where money wasn't tough. I don't know how my
parents did it because they never told us my brother and I got their financial situation. Never
mentioned it once. And I know one of my father bought our house in the 1950s. He put $10
down that he had a borrow from his brother to put that he didn't have $10. So he put the $10 down
bought that. He retired a millionaire. I mean, just then he had money, but he gave most of it
away. I didn't get a dime on it, but he gave it away, which is good. That's what he should do.
He should do with it. So how do people stretch their money today? So people saying, I'm thinking
of retirement. Well, I'm going to have nothing. I'm going to be in kibble with my dog. We fight
no with the kibble. If it doesn't get better. How do what do people do with their money to make
it expand? Absolutely. Like he said, I've never met someone who's playing because they're too rich,
right? My grandpa, you always say, culture pennies and your dollars will make sense. And,
yeah, I mean, today's day and age, you can never be too certain or too conscious, right?
There's a lot of great apps out there that can help you keep track of where you're spending your
money, whether it's every dollar, maybe your financial institution has financial tracking apps
on there. But remember, apps, so if you go to the grocery store, you can get points. Woodman's
has a great app, right? Or Meyer or Walmart, ebata, right? There's fun rebate apps that kind of
gamify the shopping experience where, hey, I can earn 50 cents off of milk, right? And you're
going to buy milk anyway. And it may not sound like a lot, but that really adds up.
What do you find these apps? Yeah, go to your app store and type, yeah, yeah, shopping or
expect, it spends tracking. Now, what we do is my, I would never have thought of this,
but if you get these perk cards, when you shop, you get money off on gasoline.
Mm-hmm. My wife says, a dollar a gallon. That's what I said, a dollar a gallon, yeah, if you
shop enough, the money accumulates a dollar a gallon. My credit card gives us free hotels across
the country, choice hotels. And I think this is great. And so whenever we go on vacation, I don't
pay for hotels. So that gets that kind of thing. It's not that you're going to get a stack of
money. So how you can save money, I guess, right? And nowadays, especially with social media,
right? There's a lot of great groups that do clothing swaps, whether your mom looking for new
clothing for your kiddos or just adults looking to trade clothing. And that's a way to,
you know, ads out for upscales recycled, you know, goodwill or the thrift stores. Nowadays,
that's so important because that adds up. Mm-hmm. I don't think. What do I need? I never thought
about that, but the apps are a great idea. Yeah. I mean, I never really occurred to make
to do that kind of thing. I see I check my accounts every day. I live in fear. I watch too many
YouTube videos where people scam banks and scam credit cards. So before I go to bed,
when I wake up in the morning, I check all my accounts, make sure everything's kosher,
and then I can have a nice day or go to sleep at night with a clear conscience. And that's it's
so far. I'm very lucky. I just take care of my stuff like that. But people have to watch it.
There are so many scammers out there. And it's not that they're scamming you. It's they're scamming
people by saying, well, I think you should call me because we found an irregularity in your account.
Click here. And the sad part is they pray on the elderly to do that kind of stuff. Click here.
And then before they know it, their money's gone. Absolutely. I mean, if you think there's an
irregularity, call your bank, call your credit union, call your credit card, whoever it is.
But don't call the number on the on the email. Look it up online to see what your credit
union, you bank, wherever it is. Look it up and call them direct. Use the number you can get
online. I used to say the phone book, but that's that's in the museum of history. The last one.
And just I hate when they they scam elderly people. Yeah, absolutely. I hate when they scam
anyone, but specifically the elderly, right? And they'll say, this is the money they need to live on.
And you just stole it from them. And that that $10, whatever that charge is, right?
A lot of times it's not the clear wiping of the account. Sometimes it's that reoccurring payment
for $2. And if they do that to hundreds or thousands of individuals that let it ads up.
And I think Apple was scamming me for 99 cents for that. What do they do when you need your cloud
expanded, you know, they give you a little bit of space in your cloud. Then when you have to
went, we're 99 cents a month, we'll triple it. And that's your big 99 cents for the rest of your
life, which you don't have a choice because I got 3000 photos I'm never going to see, but they got
to go somewhere. It's on the cloud. And that's it. That's how they scam you. Okay. So here's a
pitch now to people you wanted to switch over wherever they're banking their money. It'd
by the being a mattress or an hole in the backyard. People used to do that. It's hard to believe
bury their money. And then they'd die and nobody knew where it was. So we want to get them to go
to Marine Credit Union. How do you get them to go there? Absolutely. Come by and see us here.
We're on Green Bay Road in Joran, kind of by the new woodmints. You can visit actually your right
next to Cudoba. You can get a nice little Cudoba bowl there. But yeah, come out and see us.
We're like I said, a local credit union here to help you chart your course. So wherever you're at
on your financial journey, we're here to meet you where you're at and help you achieve where you
want to go. I pass it all the time. And because we used to do broadcast from Verizon. Oh, really?
This is right there. Yeah. We used to my other incarnation here. We used to do a monthly broadcast
from Verizon right next door. That's amazing. And I couldn't keep going to Cudoba. I'd weigh
a thousand pounds. And I just I said, going in, coming out, that was in no food. Because they say,
we'd like to have something from Cudoba. No, I wouldn't because I didn't want to weigh a thousand
pounds. Two pounds. Yeah, every month. Anyway, so this is really neat. And Aaron McCullough,
I mean, you've been to how long now? Yes, it's 2017. Start as an intern. So what does that
eight years know? Listen, you're in the money industry. I do. I need to tell you how many years
that is. Can you do this? Eight years early here. So when is that eight years? Eight years, yeah.
Okay. Wow. Okay. Well, good for you. Have I asked when you're having fun? Do I get there?
Absolutely. Love it. Nice people. Absolutely. Would you tell me the truth that they weren't nice?
A hundred percent. Chart the course of our community. And yes, that's good. It's, you know,
and it is good that people do stuff. Stuff of the community because if you don't do it, it won't get
done. Yeah. So just quick review for people tuning in. By the way, we're going to podcast this
tomorrow. In case you missed any of it. You've got the, it's in festival park. And it's the
veterans stand down. Stand down. Yeah, tend to do with the Saturday Saturday the 13th from
10 to 2 at festival park. Yeah. And not Friday the 13th Saturday the 13th. So you're safe. And
you got something else coming up? Yes, Saturday the 13th and the 14th in Kenosha. That's like an
all-day party Hispanic Heritage Month is September. And so festival or Oguolo is the name of the
Hispanic Heritage Festival. There's going to be a bunch of vendors and awesome food and music
at downtown Kenosha on the 13th and the 14th. So come by. See us there as well as the standdown event.
Now last week at Pritchard Park. Yeah, it's something loving kindness for
transitional service community fair. Yeah. Resource fair. Yep. So loving kindness is a awesome
nonprofit. Yeah, nice weather for it. Beautiful. Little chilly, but it's my kind of weather.
Perfect Wisconsin weather. Chili or rain. What do you want? Outtake chili. Nice little sweater,
but yeah, so it was a great event where we get connected with the community and had just a fun time.
Nice talking to you. Nice guy. Thank you so much. I trust you with my 40 by 400 million.
I trust you. Remember us when you win a big, when you win the $1 billion power ball.
And I really was frightened about that. What do I do if I win it? Am I wrong? I've got a long
way to worry about that. That's a good problem to have. No, I don't think it is. I'd be terrified
that somebody would be scamming me, kidnapping me. There was a guy named William Shakespeare.
That was his name. He was a guy. He went to Bright, but he won the multi-million dollar jackpot in
Florida. And this woman came up and said to him, I can handle your finances. She had no experience,
but he wasn't too bright. And he said, OK. And he moved in. She moved in with him to
handle his finances, stole his money and then killed him. Oh my God. So yeah. And he just won a
couple of million. Wow. We're talking billion dollars here. So it would make me so I don't want to
win the money. If I could give you any advice, I would say just don't post it about it on Facebook
like you shared earlier. Wait, don't claim to win it right away. Yes. Thank you, Aaron. I
do appreciate it. Thank you to Aaron McCullum from Marine Credit Union right there.
And Green Bay Road, just off 11 where Kudoba and Verizon is located right there. And
well, thanks for coming in. Thank you so much. You're welcome to start today.
Nice guy. I trust you with my 400 million. No problem. I don't have it, but I trust you with it
if I had it.
