I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

It's time for some money rehab. If you're celebrating today, I want to wish you a very, very Merry Christmas.

And even if you don't celebrate Christmas, I hope your day is full of all of the things I see on Christmas

wrapping paper at CVS. Mary, Bright, Joy, Peace, Comfort, all the good stuff.

Whether or not you're celebrating, I have a present for you.

It's an interview with probably the biggest

celebrity I have ever had on the show. Santa Claus. Literally I'm not joking. My guess

legal name on his Social Security card is Santa Claus. But this Santa doesn't live in the North Pole. He lives on Long Island. This Santa who was born Frank Pascozzi is a professional Santa Yount, your route. Today we cover Santinomics, the business of being a professional

Santa and what financial moves can get you on his naughty list. Here's our conversation.

And again, Merry Christmas. Santa Claus, welcome to Money Rehab.

How are you?

Thank you so very much.

It's a pleasure to be here.

It's a pleasure to have you. The pleasure is truly all mine. I am not calling you by a

nickname here. Your legal name is Santa Claus. That's right. Like on your driver's license, your credit cards. Every one of them. It says like first name Santa, last name, clause. Yeah. Well, except for the license, driver's license says clause. Well, except for the license, driver's license says clause,

Santa. That's the way they do it on a license. I don't know.

But yes, my legal name.

Is there your legal first name is Santa, your legal last name is Clause.

Absolutely.

Let's start at the beginning.

You were not born with your first name being

Santa officially.

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