Dave Ramsey: Trump v. Kamala’s Economic Plans, & the Diabolic Tricks Banks Use to Scam You
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The twenty twenty four f one fifty lightning drug gets dirty and runs clean with an E P A estimated range of three hundred and twenty miles with the available extended range battery is the only electric vehicle that's an f one fifty visit for dog comes lash. F one fifty lightning to learn more excludes blatter miles PS estimated driving range based on four charge.

Actually, drive range varies with conditions such as external environment, vehicle use, vehicle maintenance, high voltage battery and state. You send me a rifle that I love. I, I don't care you get busted for a drug glady murder spray and I will testify your character.

Sorry, i'm actually very easy. I I didn't know that you fairly trip day like, you know, jeff re domer back.

guy, but he sent me this river once that I love.

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So I woke up this morning thinking about something, said the dinner you said i've been um telling people in warning people for thirty years about dead and why it's bad and then there's more people in death than ever and and he was bitterly lap but I thought I was a really interesting point. This country is much deeper in debt. I think that we appreciate on an individual level, not just national that but people how deep is the debt and why it's bad.

it's bad, it's bad. Yeah we're not where who you're laughing about IT because we on David goliath and a sense of the uh the credit card industry, for instance, spends more on advertising and marketing in a year um then all professional sports put together than any other single product line on the planet um and they are cooking and are excEllent.

Marketers are very good at what they do to just to sell of the sun and make IT Normalized and make master card a part of our lives. And so we're one point seven trillion and credit card dead right now or one point nine trillion now and student loan that that car debt is um know in the middle n trillions ons as well um as the highs all of those were the highs they've been right right now. Yeah yeah. I have been working to get a lot of that for thirty years on a complete object failure.

You've been telling the truth.

which counts counts. But in terms I hold that one and that one but as a whole, the macro O, O on IT, yeah we're run in backwards. They're Better selling IT than that I am getting out .

are unmarketable the I just want to say this out loud to make sure I got IT. The credit card company is more and marketing every year .

than all professional sports. Yeah and then all in any other product line in automotive line, you know put together forward crash toya, whatever but and that there's a lot of television commercials with chevy action on through the mood oh yeah, nothing like VISA. Nothing like via master card discover mx because it's so stinking profitable they just makes .

do they really so can you explain, I wish I knew more .

about twenty eight person on people stay in that america. And right now started some thousand hundred and credit dead. So you run that out time, three hundred million.

And you've got some money coming into good old chain. What's in your wallet? They are money, you know? So it's it's bad.

So that I mean that's gotto be one of the major profit centers .

in american banking finial uh banking exist on dead in general. Obvious ah they're borrowing money from you at the rate of your savings account and then they're learning IT to your neighbor at the rate of a car alone or credit. Obvious ly, they're a spread there.

And that's why we've always known bankers were wealthy folks. They're not greedy. They are not evil.

They are just doing their thing. And they're Better at IT than we are as consumers. We're wandering along like pigs .

to the slaughter. So i'm okay. They market to kids. And I know that was when I was in college. One of few things I remember from college was getting .

free credit cards in the mall. Yeah.

but you know, you want to want to send me cigarettes, copenhagen chewing tobacco, but you could send credit cards and that was no one ever said anything about IT that seems wrong.

IT is and nowadays more accidental just because of the level of aggressive. There's just chaotic and aggressive in their marketing. It's everywhere. I'm initiate dead people to dogs. We've we've got great credit cards that customers that was issued to their labor or retriever you to their poodle.

And so through through can you know get along a credit just because you're just seen in IT everywhere, IT everywhere and know there's a whole movement probably fifteen years ago where they were all over the college campuses and they pretty well or off the college campuses now, uh, if they are just across the property line, you know the next door to the college campus doing something. But the thing of them shoving IT down a college students at the behave to the college is that a lot of that's gone just because there are so much consumer upper zing against IT. But there's still out there.

I mean, they're still just one of the supposedly radical lefties um out there calling for a revolution and total overhaul of our society like they never they never go up to the credit card companies. You know they mentioned student loans are they mentioned you know the big companies are capitalism but they never i've never seen any antia person say, hey, don't pay your credit ard bill like for some reason the left, even A O C and people like that, they seem like they bought up by the critical companies. I never hear the attack in the critical companies ever.

I mean, we were taught again with the most repetitive, sophisticated marketing over the longest period of time um in human history I mean the number of impressions before your eyes and a cross your mind. We've been taught don't leave home without IT. We've been taught that you know, what would you do?

I mean, we have people have physical reactions when they cut up their credit cards. I mean, there the crying, shaking. And what that means is what that it's become, become something that is necessary for life.

It's an altered that we worship at, right? And it's not mean Daniel bone did leave home without IT. I think this is a fairly recent phenomenon, human hyste.

It's not like it's something has gone on forever. If you really back to the one thousand nine and seventies, even the credit or was twenty five percent of americans are credit card nineteen seventy seven two. I mean, there was not it's it's fairly recent that IT was that is so pervasive that is just necessary for life.

And it's not I mean, I I don't have credit cards. I haven't know in thirty years, I have debit cards. Finally, they came out that might life a little Better.

So travel in everything in the debit card to do everything the credit card will do except you because you actually have that money and you're freaking account in order to spend IT. But um so i've got you know debit cards on my business and debit cards on my personal count. And I use like most people use a created card. I guess what's wrong .

with having a credit card if you pay the baLance every month?

Most people don't.

Most people don't. That's the great life.

Seventy eight percent of people don't. When i'll talk about talk about how everybody talks about the theoretical discipline that they just freak don't have. And so you know.

with seventy eight percent to roll the baLance over months to months.

like ninety seven percent that people don't pay a thirty year mortgage like a fifteen， so that he pays off in fifteen because they promised themselves they would, we're going take our authority just in case we need to lit up, but we're going to pay IT like fifteen, ninety seven percent were not systematically prepare and that's that's um no federal serve statistics that and make those numbers up.

And so it's just this idea that we have we trust ourselves with this discipline that's really just simply not there. And so why? What's the purpose? What are you getting? Okay, if you can pay your create card off every month and you really can do that, then a debit card to work because there's money to pay the credit card off and you shows that money through your debit card.

That is exact same breaking thing. I mean, the same do that because they've been taught that without and you don't get airline miles than you know as if you don't get one percent back on your discover card, which this one tackles me, I keep people the masters degree and financing at one percent back on my discover card. So you can run a hundred grand so you discover card to get a thousand dollars back.

On what planet does that build wealth? And under what what math? I mean, did you get out of the sixth grade where you trade one hundred k for one k and you call this your wealth building mechanism nine, you know? But this people make, supposed least for the people make this argument at me and they have for thirty years and they're just too dangerous.

You just like first, there's no point not even that is that dangerous if you are paying and off every much is not going to back rupp. You the other thing is this and again, we're dealing with joan, susie consumer, right? I am not dealing with somebody with a masters and findings.

Usually we're dealing with, uh, you know, folks, mike and eighty grand. And you know, he's a cop, she's a teacher, okay. And so you know what M R T study shows this is that when you swipe plastic, you spend twelve to eighteen percent more than if you lay on actual cash. Because cash, when you see Benjamin look at you, activates the pain centres of the brain.

And when you do, when you swipe IT and go one further, just take your apple phone and just usual wallet, and you never even see plastic, you just moved your phone around like you just return an email or a text and now you're walk out a home deepole with another tool, right? And that's even less friction. And less friction is your website, my website, where they just push a button, our amazon push a button, and the recognition in your brain that are actually spending money goes down precipice and why they take taxes out of our check.

If you had a guy standing at the end of your a office every friday, name Matthew, the tax collector from the bible, and you had to hand him your tax money out of your check, there will be a revolution in amErica because people would recognize emotionally, with the pain centers, other brain, what they are actually paying into access is the same thing here. It's just friction and marketing. We call IT, you call that, I call IT on our websites.

And we want to lower friction and will make IT easy for the customer to buy where they don't feel any pain and they buy more. It's a simple no, it's a simple arrangement. But uh, if you have to actually lay down hundred dollar bills and you know, Rachel, my daughter, teachers with this, and he brought up the point, which I had never thought of, that when you hand someone a piece of plastic at the store, they hand you the groceries or the shirt back with the plastic.

When you hand money, they just hand you the shirt. That's more like a trade at the old trading post. Yeah, i'm trading you this for that with plastic.

I get the plastic back visually and the item and i'm no again, no recognition are we do we were intellectually grasped, but i'm talking about emotional, psychological recognition. The actual transaction is just a curd. And so we spend more. That's what he comes down to.

And so we're spending more. A big picture. There's a weird incentives or because there are the forces of totalitarian m wanted get rid of cash, of course, because IT cash cannot be controlled in the way that digital currency can be controlled.

All of our cash comes through the banks. The government gets us cash through banks, but banks have a massive incentive to get rid of cash also because they're profiting from credit. Very labor intensive work with ah in dirty by the way yeah um so banks have once again every incentive to eliminate the use of cash in the .

united states and again and it's we go how far we want to go on on on how uh, evil the intent is from the bottom up and how organized the evil is I don't know about but what i'm saying that is the go either way, I can go real deep into that personally or I can say, uh, there just not real good at IT, but they are collecting our data. And when you're Operating cash, you're off to grade one more place.

Thought that I I can tell you exactly what is happening with joe, susie. And so it's gone so far as to the um the collections departments with some of the large credit card companies are so suning, they're very good at what they do. But if I P if an area code comes in and someone returning a call to a collector from the south, the person's calling from the south, they'll put someone on with A A, A new york accent because that's abrasive to someone with itself. And you want to create an abroad sive situation with the collector, if they're calling into customer service, they're match them up with an, with the an accent that's pleasant to them and so on really oh, it's they're .

very good. You did southerners .

get yankee collector and a ani pera passive. It's like, right so you know that, honey, you're right that that's not going to go well. It's not good for a new yorker and just they're very, very good at what they do.

And they collect data and they use the data to tell us more. And I mean, google doing that, we know that. We know apples doing that is not rocket surgery.

We know this is going on. But so cash get you off. The great cash represents freedom. So IT is antithesis for total ism.

They the available use cash. I feel people don't use cash anymore.

Not as much, not as much. It's way down. It's way down.

One of the last places I gave up using cash was at the pump pumping gas because I used to always walk in, pay cash. I had cash for my gas. I had cash for a grocery.

We still pay cash for a grocery with ramps, shares to go, Carries an undeveloped cash, and in her purse for the groceries on IT. And to this day, how we started our stuff years ago, what we teach. But I am too lazy to walk into the stupid gas lation and pay the bill now.

But here's the thing again, one more time. Think about IT. When gsh went twenty years ago, gas moves up to five box for ten minutes. If you had walk in the store and you're paying cash, all of the sudden the cost of gasoline is a much more passionate political issue. Of course, then when we're just taking a card and crap and just hundred boxing, you walk off and you think anything about IT.

But if you walk to the store from the pump and you put in by the time you get back to the truck, your pest, oh, for sure, you know. And so nowaday, when gas goes up, it's coming. Look, gas one up. And I did IT. I don't not sure how much was an underdone mp.

How much was an under biden you know and people that IT doesn't again, IT doesn't register because the pain sensors are not activate and and now becomes a political thing because it's not a the cost of that um is not waking you up. So the cost of eggs, if you were paying cash on the grocery store in this last routine, eggs were the thing. Remember yeah, not long ago we were all on a dog because eggs were too expensive.

The biden inflation, right? So but if you are paying cash for IT, there have been egg wars, it's luck. So it's it's another loving intel's. It's very interesting where .

we're lazy. So how much um deck is the average american Carrying .

on create cards thirty .

seven thousand .

thirty seven that partly povertie you believe I have we haven't done that research at rami but looked IT up thirty .

seven thousand dollars. What interest I like .

eighteen to twenty eight is the range on cars well.

that's just crazy down. Yeah, if you had thirty seven thousand hours and credit, that wouldn't be scared.

Ah they are. And so when the cost bread goes up and supply change grows with the grocery basket, a cost a, it's not it's a very real fear.

Then why is not a single part? I never. I just, I can't.

Capacity of all the villains in public life where you are, you ve been attacked, i've noticed, and a lot of virtuous people have been attacked. I never hear the critical companies attack by anyone ever. But they seem like one of the main causes, a misery .

for americans. Yeah, we have. We attacked them in for thirty years, but mainly attacking the stuff like we're talking about.

Readers present people with ideas and they go, um i'm going to screw i'm going to stop this and they make a change and they cut up their cards we call plastic surgery, right? Shop them up. They get out of that and I don't never go back I ve had but .

there is a big I mean, all dad is obviously, in my opinion, bad. The reason i'm so grateful for our society reminding people of that. But not all dad is the same. If i'm paying four percent on a mortgage that's very different from .

paying twenty five other is stake at eight last time. So we are in the .

meeting here at T. C. In the other day, I looked around the room, every other person had a kind of rudy, pink cheeks, alertness, bright eyes, full mental acuity and a cheerfulness you could almost smell.

And I asked, why does everyone look so good? And part of the answer, of course, they like what we do for a living is really interesting. We think it's important.

But another reason everyone looks so good is because they have all had a great night sleep. I'm not making this up. Almost everybody here uses a new sleep technology from the company called eat sleep.

They send IT to us, and everyone here loves IT is called the pod. It's a high tech mattress cover effectively that you add to your existing bed. You don't need a new bed or anything like that.

You just throw this over what you have. What IT does is just the temperature of your bed, warmer or cool depending on what you want. And IT maintains an ideal sleeping environment all night long.

So I didn't know this, but as you progressed through different phases of sleep, your bodies needs change, and eight sleep automatically keeps things exactly where they should be in the sweet spot through the entire night. It's been proven to increase the quality of your sleep. The amount you sleep every night IT improves your recovery time from physical exertion, and IT may even improve your cognitive performance and enhance enhances your overall health.

IT seems to be doing that in our office, so IT learns and adapts to your sleep patterns over time and automatic adjust temperatures throughout the night through each phase of sleep. And IT does this independently for each sleeping or on either side of the bed. That's pretty cool, so you can sleep well and feel much Better and be more effective the next morning as we are here.

Try IT for yourself. Go to eight sleep doc com slash talker, use the promo code tucker to get extra three hundred and fifty bucks of the pod for ultra. You can try IT with zero obligation for a month if you don't like you to send IT back again.

That's eight sleep dog com slash tucker. Better sleep today. And look great in your morning meetings as .

our guys do like to comments. Taking off the savings early with like friday for a blind stock on design expert can help me make the perfect selection on your schedule. We can even handle everything from measure to your with over twenty five million windows covered. Linstock com is the number one online retailer of custom window coverings get up to forty five percent off site wide. And a free professional measure right now at line stock on the frictions may have.

The twenty twenty four f one fifty lightning drug gets dirty and runs clean with an E P, A estimated range of three hundred and twenty miles with the available extended range battery is the only electric vehicle that an f one fifty visit for dog comes lash.

F one fifty lightning to learn more excludes black to miles p estimated driving range based on drive range varies with conditions such as internal environment, vehicle hc voltage, battery state. I don't understand so the states the save new ork um and the federal government you spent decades a century putting mafia figures in prison for loan sharking loan sharking and that was lending money at high interest rates because I was against IT was unfair. He was considered okwu was a crime. They still a crime. I was not a crime.

The cricket companies do IT. I don't know. I i'm a free market guy and I would rather punish them by taking their customers. Then I get IT and by providing regular.

I get IT. I'm not even calling regulation, but i'm saying that it's regulated when the genetic family does IT, but not when city bank does IT. So how does that work?

yeah. And how does party lendings still open at eight hundred percent interest? Eight hundred.

Yeah, eight hundred percent interest. And these are poor people there. Inning on. So this is particularly bad.

It's funny because that someone like A O C, you don't obviously protect or black people and the urban poor, like i've never heard her say one word. I mean, seems like everybody is kind of colluding against low income people.

Yeah and it's like a bad idea. What does mean read scripture? You don't want to be on the list of the person who takes, who oppresses the poor, the orphans or the window. That's not a good list to be on. Yes, you have any idea that there might be a god.

Yes, because the things that happens to the people that are brush the poor, they often in the window or not you you supposed to take care the poor and take care of the window and take care the offer and and it's quite the opposite um and you don't we don't see that kind of scientific capitalism as much as we should. I don't see really any of IT. It's out there.

There's there's lot of good companies that do take care of their team. I take her, their employees. I take care the customers.

The customer comes in and I go, this lady just is, you know, she's husband just passed away. She's got little kids and SHE can't eat and then take care of and maybe companies do that everywhere. Americans are history, the world. And that comes through small business. IT comes through a even big business.

Sometimes americans are the best is their institutions or rotten and IT does seem like maybe that's the problem. If you could just reform of the big IT would be a much happier country with fewer oppressed to people um but eight hundred percent not to pay you .

on it's you take out you write a two hundred and fifty dollar check uh for two weeks yeah advance on your are on your paytrik coming in in the hand two hundred dollars and sort of fifty dollar charge is long sharking rates and that's not that horrible， so to speak because if that's all there is but if you remove that all the way through one year, it's eight hundred sixty four percent and so um and that's the typical paid lenders some states of out loud paying linders completely others are quote and about regulating them. But um those people are feeding on the power because I I going to promise you, wealthy people are in a two hundred dollar to two hundred fifty dollar transaction. It's not the middle last people aren't even and so it's the same thing as the rent, the same rent to own title ponting, same end of town.

You can you explain rent to own .

rental is you take a thousand dollar washer and drier and you pay for six or eight times monthly because you're renting IT and then they let you want IT at the end of IT by the time. But 像 我说 那样， but the again you could have taken your monthly and gone to a garage, say on body good use set yeah and has zero to zero payments. But again no one that's middle class or upper er class falls for that drunk.

You don't see those things. And no, you don't. Rich, end of time. No.

you I mean, credit cards are, I think, so embarrassing IT almost like a drug habit. You know nobody wants talk about credit or that if the average american in who was a credit is thirty seven thousand dollars in debt at over twenty percent interest, I me that's like, that's the crazy thing I heard this .

week and then include you me which of zero were talking an average? Yeah I mean, every someone else has more in order to get to that average if you have zero, right?

Yeah not good at math and i've not not good business. I'm managing money. I've definitely head money problems, big time, money problems. I've never had credit card deck because even I low I Q with numbers guy could understand like twenty percent is a lot more than .

six percent I know what that .

so um uh what what happens to a .

person whose thirty seven .

thousand dollars in debt who makes sixty thousand dollars a year in in credit or that too many negative .

things to count but um number one calls a divorce in north amErica that money fights money fresh, serious number one things people fight about their marriage by far so you got a social economic impact um if you lose hope because you feel like a red and wheel and it's I O I O soft to work.

I go think got it's got its monday and I just look up forty years later and I retire broke because I put nothing in my 1k because it's all gone out in payments every month all the money comes and all the money goes out then you will have to retire。 Say, gosh, H, I hope the government, which is well known for its ability to handle money, will take care of me and now turn social security, which even according to the socialist that put IT in place, called IT a supplement, right, not the a retirement plan. It's not a retirement plan.

It's not designed if you try to retirement or security, you now I mean it's rough and so you retire broke, you have a higher like hood d doors. Hypertension goes up, anxiety goes up. Um so medical bills go up as a result because it's it's a constant stress in your life over a long period of time.

And and so we've had people, of course, over the thirty years of doing what we're doing. They often say, wow, when I got out of debt, paid off my card, when I got rid of major card, got run the student, one that been round long, thought, thought is a pet. When I know, even when I had this week, I had a later thirty four years old paid off house, and zero, thirty four years old, and six hundred or thousand already in four one k thirty four years old.

How does IT feel? I feel like I SAT down three hundred pounds. And I walked away from IT. SHE said, there's this release. Physically, she's my shoulders feel different and and so you cannot completely go.

This is a 没有 man thing because it's integrated into our lives， right and um you know and so yeah, we're starting to see now the implications of IT you know on a society as a whole uh you know medical bills again, divorce uh and it's not the only show cause of all because it's certainly a contributor and and sometimes that works in reverse. Sometimes the medical causes the problem, the financial problem, right? Sometimes just the other way.

Sometimes the marriage situation causes the financial problem. So there's not all a correlation caution directly, but but there's enough interaction with that, that there's no reason to say i'm going to live my whole life hopeless working in a job I hate just to pay the truck payment because somebody at a stop light might go thumbs up。 They like my truck, you know and it's i'm going to impress all the people that I don't even know when money I don't have.

And um it's it's sickly thing. It's sumeria m gone to mark. But the good news is people can decide where to change and they turn the corner. And that is beautiful .

when they there are a lot of impediments to doing that. So one thing that you hear when you start lecturing people about credit cards, as all confess I have um is you have every credit card because you have to build a credit rating. If you don't have a credit, you don't get a credit rating. And for some ways, you need a credit or rating. I'm sure you've heard this.

No, never, of course, fair. Asic design the first score. The first score there is a mathematical algorithm by which your vocal score, your credit score, is derived one hundred percent of the inputs to build your credit score have to do with that the type of debt ratio of debt while you're paying your dead on time, which is what we all think of.

Only think of a created score. Uh, it's one hundred percent interaction with debt. Your fiscal score has nothing to do with your financial well being.

Nothing IT has nothing to do with your networks. So you could inherit a million dollars tomorrow from your rich uncle that died. And your credit score doesn't change one point.

Your boss can walk and say, i'm going to give you a million dollar your race on your income. Your family does not change one point. IT has one hundred percent to do with borrowing money.

And so the whole premise of the thing is almost humorous when you look at IT. So I need a fight, all score. So i'm going to go get a credit card.

I got a car long and eighteen years old so I can build up my photo score. Why do I need a five score? Because that's the score they use to decide alone me money. So need to fight on score so that I can get into debt.

I want to get into dead, so that I can get a good score, so I can get into debt, so that I can raise my photo score, so that I can get in the debt, so that I can raise my file score, so that I can get in the debt, so that I can keep my final score up by paying my dead and getting in the more debt. Because if you quit paying on your all your accounts, they take them all to sea, where you pay them all off and you close one hundred percent of your accounts within six and nine months, your photo score will be zero. So I have not had a psycho score in thirty eight years month indeterminable, which means i'm probably not even real.

You're a spector, a ghost. I mean, you think you would think, you know, I on several hundred million for the real day, you know. So here's what's econ about this whole thing.

I can go down to the local apartment complex in our little town of different continent, managed by a twenty six year old who has a boss in atlanta, georgia, right, who's telling them how, how at least apartment, and they won't least an apartment to me, because I don't have a final score. Now I can write a check and by the apartment complex, but I can't rent an apartment there. So that shows you how end up this measure of wealth is, or of financial well being. And IT is a dog chasing its tail. Why am I going into a dark?

So you're looking at IT because I think you're more decent person than I am as silly and not an accurate measurement. I'm looking at IT as a very sinister system intentionally created to enslave people with debt. That's what that looks like .

to me IT is that on your right? Um it's just the ridiculous logic that we the people have fAllen for that allow them to do that.

So here's a non potentially non ridiculous concern that I have heard. I've been lecturing some people may may not be my children .

on .

this question because I hate credit but they say, well um if I don't have a good credit rating, I won't be able to take a homeloans out to buy a house and i'm not really sure how you get to a place where you can buy a house in cash at thirty.

Well, IT has been done and we've got lots of stories where IT has been done. But aside from that, again, just bad information. Uh, the truth is you can get a home mortgage with this, the road credit or George camel, one of our M.

C personalities. He and his wife are very, very nice home not long ago and got a small mortgage on. They paid IT off about nine months. Good for them. But um he went and got a mortgage with a zero credit or it's called manual underwriting.

So when I got my real state license in one thousand hundred and seventy eight, if you sold the house in those days, there wasn't photo score. If you sold the house in those days, you went to the mortgage company, or the savings alone that was still open in those days. And you took the client over there, and the client filled out several piece paper. A, V O D the were they gave permission for the bank to verify the deposits vertically to deposit.

Do you have money in your bank for downpour you to prove IT A V O E verification of employment, they send me to your employer floyer senate back said, you have a job, you make this much money so you were down payment, you make this much money A A verification of payment suits and that the landlord landlord where they were renting would say, yes, jo Epaces, right? So now joe can get and so it's called underwriting a more gage. They actually looked at the human beings and said, are these human beings is IT good for them to have a mortgage? And are they going to be able to pay IT? And they did math and research on the people, and they took about forty five days to get to a snail, but that that's called underwriting a mortgage.

Nowadays, you can do manual underwriting much faster than that. But all they're doing is checking the person, all these different elements of the person hood, and see if the person is gonna be able to pay the things in market. You said simple.

So that's how George and many, many, many, many other rampy followers, over the years, tens of thousands, i've got a mortgage with as a road credit school. So you just go to the bank can say, like to take alone. Well, you have to go to A A mortgage lenders that actually knows how to do a manual underwriting.

Lot of them, and again, there are too many them are lazy because IT rates different. Nope, nope, exactly the same, exactly and exactly same, done payment requirement, exactly same. Everything is just more work for the mortgage company because basically the final score is a monkey can make this long.

They can look at the number and identify big number longer, just like that. Check over. That's the whole thing. And that's how you get a housing crisis in two thousand and eight is they were proving these loans based exclusively on psycho, not actually looking at the human beings.

And in some cases, they were in values on we get to game your credit score and py goes go on saying those people were putting down false credit cores in that case. But or they're walking in. I've got a high credit score, but nobody mentions I just lost my job.

Nobody mentions about five houses four weeks ago that there are not yet showing up in all of this data, right? And because you're just kind of this money, I like it's Candy. If you've got the number, it's all about the number.

You ve got the number. No, you don't say, is that a monkey can run this good monkey? Yes, good. Very good and you spend time on a monkey house yeah you have way too much for n last night.

So here's the other that's faster. I didn't know that. Thank you. Um the second concern would be that if you're not caring debt on your house, your piano zed by the tax code because you can write off the interest on on your own.

And so when I went to pay off my mortgage, which was the very first thing I did when I made any money at all, I was a criticized strongly by a friend of mine is knowledgeable on financial matter. She's gotten way richer than i'll ever be. And he said, that's idiotic. Why would you do that? You ve got a low rate and the government is paying you to have that mortgage.

Not true not true. Um it's true for such a small person of the population so here's the thing the only heart person who can write off the interest on their home mortgage is someone who itemizes their deductions, particularly under trump and they're still in place but is not underdone them.

The standard deduction on a ten forty is so thinking high now that ninety two percent of americans do not adamites your charity deductions are not a of zero value if you don't itemize your interest productions or of zero value on your tax return if you do not match. And so only eight percent of americans, this is a plata. Okay, which could be you you could you know you've got a complicated businesses.

You probably are my zing. You probably not doing a standard ten forty easy um because you you've got deductions and excess of the standard reductions, which would make you want to do the auto ization me too, by the way and so now let's go to that case for for the eight percent. We ve got read ninety two percent, but let's go and go with the eight.

So let's say that you pay make up a number ten thousand dollars in interest in a year. They give ten thousand dollars to the bank and interest. If you are in a thirty percent tax bracket, you take a ten thousand dol tax deduction.

That means you don't pay taxes on ten thousand dollars of your income for me. yes. So if you didn't have that deduction, you'd had to pay taxes on ten thousand hours more SHE taxes on ten thousand dollars will be thirty two hundred dollars if you're in thirty two percent tax bracket, right? So what your friend is suggesting is that it's a good idea to send the bank ten thousand dollars to keep from shining the government thirty two hundred, once again, make cultural thole.

So there is no downside, in your view, to paying off for mortals.

No whatsoever. And here's to think, feels different.

Well, that's why I die. Did IT anyway you .

to your backyards? No shoes on the grass? different? I mean, we have a fault.

I pandemic. They're not taking my house. Yeah, it's a whole different thing.

It's it's a liberty issue. It's a freedom issue. It's a math issue. It's a spiritual issue.

The borrower is slave to the linders tough to serve two masters, jesus said. I don't have two masters. I don't know anybody. It's a completely different.

The number of times my wife and I have a discussion about a house payment is precisely zero because we have had one in thirty plus year. know. I mean, this was net, I agree with that one hundred percent.

It's just so counter cultural IT is, remember reading the cultures broke. Let's keep this in mind. Well.

so the the people are profiting from this absolutely charge. I i've always thought of use the least controversial, most mainstream, wholesome person ever and remember reading a peace on the daily beast just just attacking you and I I take dave ramsey is not even explicit, political or not, you know I mean.

I get I I don't get IT quite as hot as you get IT.

but I get IT. But it's interesting. And clearly, at the behest of people who are profiting from this this system of financial enslavement, they are mad.

Yeah and sometimes it's just you if you put a message out there that makes someone feel like what they're doing is dumb, it's convicting and that makes that person rise up and come after it's not even like VISA rode on a check or something to come after day. It's just like dave said that your whole life that you're living and believe a stupid and instead of actually looking at that.

they get pitched off. How big is what percentage of our economy is money learning?

I am not sure, but not sure it's it's easily one faith yeah energy, healthcare, real stay, real stay. Money lending. I mean, that's it's gotta be there.

That's the big ones, right? Yeah tech, no tech. yeah. That means about six buckets. I probably make up the vast majority our economy.

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So what happened? okay. So I just back to the example of the person who makes eighty grandier um and has got thirty seven thousand dollars in credit card debt at over twenty percent interest.

How does that person get out of that? Like what happens to that person that puts stress, the marriage on the body, every part of your life. But how do you can you get out of that much dead if .

you now we have people of hundreds of thousand dollars every week. They come on the show doing what we call a det free screen. Wonderful, wonderful story is just like two thousand, and posted on our youtube channel.

People doing that free screams over, over and over, over again. And what they did, we ask him, what do you do? What do you do? What you do IT. We told you to get on.

And first thing they do on the budget, you know, they lie out a plan because if you were taking over a company and the company was in trouble, you'd come in and look at their financials and you go, okay, what's going on? What's going on here? Why is this thing fAiling? Why is why did I buy IT at a niko on the dollar going on here? And so you immediately start doing a simple analysis.

And really, here's interesting that you don't have to be a matching this matter. Sometimes the people that aren't math genius is do a lot Better at this stuff because I just sit down and look and go at one of our country boy. He he came into one of our small group discussions in financial patient versy one night, and he said we discovered why we had got no retirement.

We've been eight, eight, you know, IT had twelve hundred and forty dollars a month average on restaurants. And he couldn't figure out why he couldn't fn this, could college fun and couldn't figure out why I no retirement and couldn't figure out why he couldn't get out of that because you live in a stink in restaurant and they know money and there's spending money they don't have. And oh, got eight hundred dollar car payment on a truck and much come and much is your house payment.

Seven hundred dollars don't if you're truck payments bigger than your house payment, you might be a red neck. I mean, seriously, so we get you know, we've had a lot of fun discussions with people, but basically what we're say, what we tell him is you know a written plan. The two of you together, husband and wife, have to be committed to this.

And then you go on porch earth. No eating out, no going out. No, no vacations.

Take six sexual jobs sells much stuff. The kids like they're next. And let's start. Let's get this thing moving in the world. So much the kids think there.

Now I said, don't put, I should put the cat on greggs list in the dog on ebay. One morning on national television, people started picket, picketing me in the next days because they don't have sense humor. But they are. I love my dog, and I put them on anyway, but they are anyway, we uh so yeah, you just change the numbers because usually they have enough money coming and return the corner.

Usually maybe they can sell the truck to get rid of our payment and get you a four thousand or truck and maybe your run in uber delivering pizzas or moon grass or a the number of people that have, uh, college for your college degrees that have elected to become major, open a commercial cleaning service and clean toilets because of money is really good for a short period of time to get their mess coming up so that they never have a payment again. The rest of their lives, people will fight to be free if they believe they can. Hope deferred makes the hearts sick. But when desire comes, that is the tree of life. You know, when you believe people will change, they're chase the gates .

of balls from proverb can .

again hope differing makes the heart sick hopelessness but when desire comes IT is the tree of life when you believe, then your changes to get your charges, to get to have the water pistol, you you don't care suddenly what you were broke friends or laugh and actually for driving a hop tee because i'm get now a dead because i'm to change my family tree, because my kids are not gonna to live the way I live because i'm going to pay a Price to win when you get that thing.

I've had IT go on. You get the tunnel vision, and you and your wife, you and your husband are both doing that. You work.

And the thing is, you have to drive your car, rest your life. You have to work and to job, rest your life. It's eighteen to twenty four months of most of these people out everything but their house.

And so it's a period time. And you're not gna die from hard work right before you die from hard work, you pass out. It's okay.

You're not gonna die from hard work. It's a short period of time. It's a sprint. I don't want people live their whole lives like that, but instead they're live in their whole lives just kind of in this mula stuck. And so we our whole thing is to shake him and say, you can do this and show them and give them hope and make him believe they can do IT. And the next thing is we prove IT millions of times.

So um you don't think if i'm deeper credit or that is not a good idea to get a couple more credit or one .

yeah get way we get out of a hole.

dig out the bottom. I know .

you've seen oh yeah yeah yeah the dead con solid ation programs.

So what what what about that? So people who are deep and credit or are moving .

your debt to a lower interest strate, but interest ate one, your problem over spending with your problem and not living on a plan because no one plans to be stupid, no one plans to be broke, where they can breathe the where their chest is tight, where there's a tear in their own on friday, because they know if for our work all week, this checks already gone. No one plan that's not a plan, so that you ve fall backward into that.

You don't walk into that with knowledge. But when you start running a plan IT turn IT changes everything, IT turns a corner and and so people can do this stuff. And you know, again, we've seen IT so many millions and millions of times now.

but there are all these services that advertised to people who are in hopeless credit card debt. We will consolidate your dead .

um what happens when they do that? You move you until I got to try you. You move your dad over here and you don't change your habits of spinning more than you make.

And so the deck grows back. And so the people the people that do landing the two types of deck consoler dating, there's services you see on cable T V, right? And that's not lending.

All they are do there is tell people not to pay their credit cards for six months and they'll take over all is default account and negotiate them for pennies on the dollar and try to walk you out that way, in the meanwhile destroying your credit worse than if you to follow a bankruptcy. So that's a complete for you can con, but the is really oh no native. The one why was bad about IT? Well, because and read their current on the credit cards, they could have paid their deaths off and stood their method of becoming debt for years.

Quit paying payments, destroy your reputation, your credit. I don't as if you file bankruptcy, right? And then after credit create cards six months behind, create card counties, i'll take twenty five thirty cents on the dollar for that.

And so these companies are going to go, okay, we will pay you payments at twenty five thirty times on the dollar and they set up a new payment on the reduced mal and knock IT out and well, one at the time, right. And so um and it's um I mean to me, if someone has to build to pay their payment, they should pay their payment. It's a moral thing to mean ethical thing I don't like to take out into that.

Don't like to take out duped by an industry is out to slip through through out. I don't like any that but you signed up for this year. You like a grown up like student lunch. So you can you need to pay IT and we can show you how to pay the host instance thing if you can pay the current payments, I can get out of that. I don't have to destroy your reputation and put you in the uh dead by category, so speak, in order to do that.

The other kind of bar, the other kind of consolidation loan is an actual alarm where a bank will loan, say, A A second mortgage or home equity and you'll take all the credit cards, twenty thirty ty seven thousand dollars worth of them make IT a second mortgage on the home. And now I have a lower interest right on the total thirty seven thousand pay off all the credit cards with that long. And now we're going to pay the second Morgans down and it's a lower interest rates.

So hypothetically, you would think you would get out of out of that faster that way. But you don't change your habits. You just moved the debt, kept the habits. So we keep going out to you.

We keep going. And I get IT. But just back two clicks to something you said, and I admire your integrity on the question of repaying loans that you sign up for. I I get that on the other hand, if you can, if you can.

But on the hand, another way to look at IT would be if someone addicted to drugs in its voluntary thing, i'm buying fatal every week or every day, then they had the person of selling me. Fatal was also a criminal, you know. And so i've often thought, if I know if ever were to retire, maybe I would start a political movement, a new party in the country where the whole purpose is to bring the banks to their knees and shut them down.

Or just you encourage everyone who's deep in that to stop payment, like about one hundred million people stop paying their Carlos, their mortgages and credit. And then in the same way that Donald trump on said, if you take a big enough loan from the bank, this problem is charged. The bank at that point, I would think, would be kind of cool to do a crush the bank's political party, where you, just all of us said, everyone, subs paint at once and then, you know, then you sit down with Jamie diamond and renegotiate. What about that? I can't wake that well.

There's other implications to that.

I'm sure that I know nothing, but i'm acting out of hostility .

in my head but appreciate but I mean, it's I again, I would rather punish them incremental yeah and just let the demand for their uh horrible product dry up over time yeah and let that be reflected a little bit of time in their stock Price instead of one morning in the stock Price. One morning in the stock Price, all the banks are broke, feels like like two thousand and eight.

And that's a pretty chaotic ted downstream of fact, pretty, pretty chaotic s situation for the world. All the banks go go belly up. They want I I don't mind the .

idea to profit.

but why i'm not in politics .

is this revenge? No, I think you're taking a long view, which is you don't want to reach your country just because there are some bad actors who live within its borders. I completely agree, and thank you for being sensible. I'm not sensible, I just mad. But just one more question on this dark little, little thought experiment that would bring the banks to their needs like they won't o yeah well, be kind of fun would .

then yeah IT would be fun if you did IT for twenty minutes just to get their attention and reset the american mindset that now that might be cool. One month, two months, we don't pay payments that would not destroy the world economy but um never we're going to pay them again and you get for the public to do that if you could grip how world economy with that one but not I want to do that one but but .

if for two months, yeah .

again, now it's a little bit like student unforgiveness you know student loans. There is no question um that our federal government and the banking industry has dumped now the third generation in the going deeply in that no question about IT and their parents stood back on the note like and these quote Young adults who are old enough to do whatever else they can.

They can sign a contract legally in any state amErica uh to do anything else we call them adults whether they emotionally or not we can argue but um they signed up for this I had a student. I signed up for IT. I was not too small.

One is not in back on and dinosaurs from the earth. But but how much was, you know, thirty ty, five hundred, actually, thirty five hundred. Twenty two, when I put IT off. wow.

Was IT worth IT? No no, no. The only reason I did IT that I could not figure out any other way because no one never.

And even in those days and that was so long ago, mean forty years ago, forty five years ago, IT was a different man set. Then even that um that these things are dangerous. And now it's like or you're not allowed to be a student without a student. This now it's it's completely come the either way to where you're some kind of like paying off your mortal. You kind on if you don't take, of course you have to take. And then again, we've shifted the cultural uh belief system to where parents don't tell us, kid, hey, maybe you should go to the local college that we can pay cash for instead of going across the statement and the family goes one hundred and twenty five so you get a degree in sociology so you can make thirty eight thousand as a case worker with the state this is not good or why maybe the parents need to step ago.

But I don't understand in the whole debate over student loans why the beneficiaries of these loans were true, not the students I never discuss. They have no skin the game with soever. This whole system exists to benefit cages, universe. And they is not to benefit students, but to sustain these massive payroll of administrators, D I. People, lot of dumb people, and then the professors, most of humor, totally evil, and no one ever suggest they should pay some of the cost to this.

I don't disagree with. So how does the thing, I think, as attached payer, that a politician says I should pay for the .

forgiveness college did IT.

I'll be finally the entrance that are billions and billions and billions .

pay high taxes on dep. U. K. Me, we don't pay any taxes, right? So do you university, which is totally filthy.

It's actually cages like that are one of the reasons our countries falling apart. What you think of these ideas come from anti human, anti civilization, anti american. They're all coming from those campuses.

And they are not paying any taxes at all. We are subsidizing them. And then when their sm gets exposed, we have to .

clean IT up. And how does that work? So when a politician is i'm gonna give student loans um you know I I have sympathy and empathy both for the student long borrower that end up over their head because they got duped and they're in adult and I signed up for and so the same things true of our bank disgust, I get IT, you signed up for that car payment.

You, I walked in there one time, imposed a car. B, that's 错。 H, that's what you call going deeply in debt for a car you can afford.

Ard, just because I wanted IT right in the smell of toxic plastic. A man, i've done so many, done things. The biggest idea that was stupid about A J war jar, because I was make money in the stuff. I need to prove IT about what I do.

how that's a vehicle my mother had been growing up, and you had to take IT in in the heads of, I think, lift the engine out to change the oil in. The whole thing was.

and he broke every way, was, yes, I was a less. I was a life lesson. A cool car, though I was a great car, is a beautiful car.

yeah. And I really thought I was hot stuff, and I was. But see what was broken there was that the car industry was at the bank.

Now, dave, there was an elegant little top. I wanted to show somebody that he was somebody because of what he drove. How shout is that? You know? But that's a dave.

And and dave stand up for that. And that car took my friend head off. Really, what happened was part of the bankrupt, say, when we lost everything in our twenty years, that car was still sitting there in the midland mass.

We married, oh yeah, barely. And we got married. The second child, Rachel, was born the refile bankrupcy.

And so so, with a brand new baby and a toddler and very hanging on by a thread, we've got the opportunist art over. Because do for here sound up for so much, dad and I took my, took me down. The car was a minor part of IT.

How much that you we had, uh.

four million dollars of the real state by the time I was twenty six, starting from nothing in three million dead on IT. So where were seventy seventy percent libra ty percent life?

That's not a .

usual ratio though. Now there was a lot of IT was short term notes. We were to flip this house before chip and o born. And so um there is no cable TV to show you how we're just buying selling real state and know million two and ninety eight notes.

And if I got rid of a house, if a house came up to the end of the ninety days and and and so we just paid the interest on and the banker renewed because I always make any money on always good at IT. But in the bank that sold another bank and they call her notes because they looked tony to on short term notes on house flipping, whatever that is. And so didn't yeah second largest, linder heard were in trouble, calling at eight hundred.

So we had six months to come up and had a and that started to crash. Took two and five years completely on fall. What did you .

say to your wife? I have been at dinner with their last time. He seemed to have a really happy marriage. That's my, was my observation.

So I just started years ago, this thousand and eighty eight. So yeah, we have happy marriage. Then he would left. But A.

I'm looking at right now she's not yeah.

we were. But I mean, we were just scared of kids with the water got cut off at the house. Light got cut off at the house. You know, we we were just struggling .

a clean.

pretty this was not a politically correct bankrupt. This was a, this was a frequent disaster because, again, i'm all school, grew up here bully and you pay your bills. yeah.

And so we were paying everything as best we could. And we did everything. We sold everything inside.

We sold a month through today. We almost turn the corner, but we didn't make IT, and we get sued so many times. I was unbelievable, and they were all correct suit.

So many. There were lawsuits because I didn't pay the bill. default. Ge, so we finally hit bottom.

And what? And you had two little kids.

yeah and we were so scared so people call me on the air, I can still hear that instantly in their voice. Yeah, I get here. I start look at the numbers. I know you're really scared and you and they start trying and terf, ed, you know, so yeah, some a good worst thing that ever happened to me, the best thing that ever happened to me, I met, got on the way up. I got to know him on the way down.

Yeah.

let's through. yeah. So we started decide we're going to handle money.

Ramos and bibbs is also common sense. And live on, live on a plan. Get out. And if we start doing in people, what are you doing? This is a different. So we start teaching a few people here, all sudden, you know, here we are, forty three years later, and sitting on this, this thing that has happened .

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So how did you how did you do IT? I mean, you give me the Cliff notes version of because that sounds like A A true disaster. Get out of that. I mean.

we file bankrupt. We lost everything. I mean, and we just first thing we did was just start, I mean, I started doing rose deals, but I me money and I would just pitch him to one of my buddies and make a spread.

And so i'd tie up a property at I I was make up a number hundred thousand dollars that was were two hundred thousand, and then I would sell him. So one of my bodies that used to be my competitor selling that deal for fifteen grand, that make a spread on IT. And so he could go by hundred, eight hundred and fifty thousand, including me, for two hundred thousand of property because I was buying poor closures and then I was one.

So um we know how to do real state deals and so had a real state license my whole life just about so when you just start doing that, I got back up in nineteen eighty nine to six figures again and I was fast just dug back. I was an income came up but you know were still there was no air against left I that's very, very little confidence. And we just had a yellow pad.

And every night we look at the yellow pad and foods first, feed the baby's first, water lights to second, and house payments third, and gas in the cars fourth, a Better car and air the good. And so we should start packing down that list, packing down that list, packing down that list every dead month, and then the list got nicer and nicer and nicer. And now on the list there was a cruise, and then on the list is a Better car. And then on the list there was, we weren't worry about food anymore, and we just cut, push our way through IT and started teaching people little.

but how long did they take to go from the world is falling apart? Bankrupcy too, thinking, okay, i've now i've got under control.

Under control was a weird thing for me but um away from terror yeah uh two years wow where we wanna terrified you know we won't about food or lie water in that kind of that's what I mean about terror and then but didn't to start to say you know to heal from that experience probably never have completely I don't trust to go and walk with a lamp and I with most of most of us i've had something and that something form who we are. And um so then did .

you talk every step through with your .

wife after a crash? Yeah that's what proud of the crash I mean.

we've on, of course.

Well, I was hiding IT from her and SHE would have said whenever you want to, honey, that would have to do job you're doing yours know you do whenever you want to and then right around he says, I had a bad feeling about that but you know, yeah but yeah but that was not today. And from that point forward, one of the things that we teach couples and that we've used, and i'm convinced, is one the reasons where where we are on the success metric is proper thirties ones. As who can find a virtuous .

wife for her .

worth is far above rubies s and he will have no lack of gain. So wealth building principle to listen to your wife.

That's the last, that's the last .

problem. I think that's the end of the and the uh SHE. And so you know she's got a home at degree in a full time mom for thirty nine years and a full time grandma and i'm mini and so I but he has a widom and as he says, common sense and mother way common sense is so where in amErica is like having a superpower? So um we don't make large charge contributions.

We don't make big real estate decisions, big state planning decisions, uh big huge decisions at the office, uh at the company without shame. And SHE looks at over ninety nine person the time, he says, yeah, that makes sense, do IT. And somehow SHE, because SHE have got a bad feeling about that.

And I was joke because she's from the hills of recently. Say, feeling is a seven soluble word, a bad feeling. But if SHE is a bad feeling, if I go against that, it's a minimum ten thousand lar penalty from god gonna happen. I don't go.

So that's a change that you made after bankrupcy in the council couples to make as well, which is .

make decision. That's just let's really start now. I agree with you that worked. It's huge. I guess what I also watched in your marriage is called communication. When you agree on your spending, you've agreed on your dreams, your fears, because all your money flows towards your dreams. In your fears, you've agreed on your plane.

You you have to agree on whose parents we're gona thanksgiving dinner with to agree on your spending because you're going to buy gas over there and you just figure if you're going to get a hotel, you're going stand the ration at that way. I am thankful ving planning. Here we go. Get ready. So when you who agree on your money with your spouse is massive for your marriage, you heal a broken marriage because you start communicating about everything that's real immediately.

What do you sense that that is a problem for people?

No I F finites.

So how does IT in the marriages um the U C people you talk to about their marriages and their money, how does IT Normally go? What's what are the unhealthy patterns that people get in?

Well, first, I didn't know this. Want to started. I thought I tell him how to do what a mutual phone was. So put in there for one k and here's how you get out of debt, and here's how you do a budget.

I thought teaching about money and they would come to financial patient versy are clash and then the clashes over there go, hey, you saved our marriage and i'm like a six class was down the home and not I don't have anything do with that no, you made us word together because i'm just so practical utility arian, that is like I forced them to do a budget together and IT forced them to deal with all the crap in their marriage and so yeah, what are some of the breakdowns? It's a lot of different things. Uh, but sometimes the worst cases that we see, the most heartbreaking ones, are where one spouse are is is, is united the money person? yes.

So the year to pay the bills and then things get out of control and they go into debt, trying to keep the lifestyle the way IT is and don't bother to tell the other spouse and saw the spouse when they finally do get in the loop. There's one thousand hundred and card deadline and there to support life that we could not afford. Ard, and and so you ve got deception now and shame, yeah and and all these other things mixed, and the really nasty.

And then sometimes I get the neighbor. D, I grew up in a blue color neighbors. Od, uh, it's not unusual in those neighbors. Ods, for the wife to handle the money, and the guy just goes to work and bring some the bacon yes and um and too often relationship in those situations what is up happening is the guy who's working and bringing home the money in that scenario is a classic nineteen nineteen fifties almost scenario and every .

electrical of every man has his wife to the billing, of course.

Same thing what what happens too often in that is he is up having to ask his wife for money like he says mommy and this maternal thing is up happening is really weird in their marriage where he becomes increasingly adolescent and doesn't ever grow up and make grown up decisions with good decision making paradise. Instead, he just my money with some money. And then you get that retaining just.

Be a man. You're not a little boy. Your wife does not want to be married to her baby. SHE wants to be married to a man and quit in his mommy, quit in his mommy and taking care of his little self.

My god, you too sit down like two dad gum to dad gun adults and look at this thing and go, we're stupid and we need to stop being stupid you know, look at this. We bought you a truck hundred or boat payment. You could not catch your fish you kill on me here.

And this, this is america. So we, and it's me too. I was same guys, so I got A P H D N D U N B I. I did IT worse than all these people put together. I think about IT. So I know what stupid looked like because I looked at him in the mirror for a long time.

So um but yeah you got ta get on the same page and you both have to be grown ups and you know the opposite of that the I guess the inverse of that is the the sweet little wife who the husband is dominating and takes care of everything and he has no idea what's going on. Which was really in a sense where sharing was when we went back. He was just doing the thing over there and assumed I had a brain, which was a big assumption.

So um you know it's and then here's horrible situation with that one that could go on for forty years and never really have a problem. He dies and he is a uh an infant. In terms of her ability to even write a check, she's no idea where their investments are.

He has no idea how to pay a light bill. In some case, I M SHE is not even pumped her own gas under her car. He's always done that. And and she's left in this infantile state emotionally.

And then her grown kids are having to come along, and we have to train fifty two year old mom how to be like a grown up woman now because she's been a kept woman. You know that saying, you know, in that sense, and that's not good for her. It's not good for her.

He needs to grow up and and he's not doing her a favor by taking her a little woman. Whatever bull crap he has gone on in their emotions here. So these two throw bread horses in the marriage that both step up, look into the same harness at the same speed, both with their different gifting, but both with the level of responsibility. These are the people that build quality families, quality legacies and bill wealth almost every time.

That's incredible to watch. So you're saying that the relationship with your spouses is a key part of your investment basis.

Our data says that when we did the largest study a million years ever done, a ten thousand one hundred seven of them, we ve found eighty four percent of them say that the the, the one of the keys to their building wealth was a spouse that worked with them, and they did IT together in unity. Dragging a princess for forty years and still becoming a millions, very mathematically difficult.

Dragging a little boy with the best boat is in a stuck in a thirty seven year old body into wealth is very difficult. And i'm not against best boats. I got three boats.

Okay, so we're not boats or not. The thing i'm just picked on that metaphor for some reason today. But um but you know that yes yes try question couples that can work together. And sometimes when we find out that U S.

How we get that thirty seven thousand dollars ple thirty seven doors that out of dead, maybe what we're going to station to work together for the first time in the twelve your marriage or are eighteen your marriage? And and sometimes we're forcing them to work on these relational things, which we didn't even understand, you know, to our start doing this. But it's such a key part of IT that working together and well, i'm going to be independent.

We need separate everything. Then what the flip did you get married? That's just the worst marriage ever, just a joint venture. It's not even a real marriage.

I agree with that. And like all is, how common is that for married couples? Deff separate accounts.

Very really, really. And we get hate mail by suggesting that that's dm yeah hate mail. Lots of a lots of negatives in the comments section. So you did this .

enorme study of people who been successful. Um what are the key qualities apart from a functional communicative marriage?

You know we focused more on what the the tactical money things that I did were. okay. So what kind of wealth do you have? What are your components of your networks? And that kind of thing not initially AI what their character qualities were.

What we did find um is that they're almost always the tortuous. They're never the hair. They're slow and steady.

Um they often times pick a mutually series of mutual funds for the four o one k almost never changed them. And the mutual funds sometimes most of the time are less than the best. They're like in the top seventy percent of mutual funds maybe but not the best ones. But they still so picking the exact perfect fund turns out not to be the secret sauce. The secret sauce is doing the investment every single month for thirty years of actually seventeen years was the average day of the personal lion but the um so just doing that and and the steadiness with their the figure they the number of them when I talk to them on the air, when they have one to a five million thousand and network we do a milan air theme or and they call an intelligent about their large and location the number of the diva toyo ta is like .

staggering we need toyota .

like as a sponsor on the M G show it's you two year old and a four year old taller er minivan and it's like that's the car of choice. I know get a few hundred days every now .

then but but toit is the vehicle choice for .

shelling diners f one fifty ah silos S I don't hear much on that. I just don't but not inst all I but that's just what i'm seeing. So yeah that we're seeing some of that kind of thing, but most of them is a fairly simple thing that is kind of boring actually like but the numbers were staggeringly complete statistically.

So it's like in the eighty percent time along most of these numbers uh can't blue our minds that IT was that extreme that that um like eighty percent of them work together with their spouse. Okay, eighty percent of them a steadily invest for a period of time. Eighty percent of had about a new car in ten years, uh, eighty a brand new car because the lotion value, eighty percent of them in the in the eighty percent to eighty four, eighty two, eighty and eighty nine percent of millionaire, ten in amErica are not million's because of an inheritance.

Now that's when you hear from the leftist group, is the the wealthy equality garbage that you hear out there, that we're stuck in america, there's no opportunity in america, but seventy nine percent inherit precisely zero. Five percent inherited enough are inherited A A large amount after they were already million ears, like they had a million two nett ork, and they ve got two hundred thousand from mom after that, he said, or they ve got five thousand box from grandmother. And IT was not mathematically anything that impacted them becoming a million years.

And so eight, eighty or seventy nine, five and five is eighty nine. So we've got nine out of ten or not millions because of inherit money. So that's just complete hogwash.

And this study, a talker, is we knew we get criticism on IT from the lefties in the antique garbage auto, and some of the press even don't know. I always heard I A rap. Here's data OK. So are a research methodology on this is frequent air tight. In fact, we had an outside firm look over our shoulder, and we didn't do confirmation bias.

And because we knew I, anybody really dug in to the White paper on the thing, if we had just screwed around and gathered up a bunch of people who did what actually to do, not all dave tribe, the seventy percent not, did not know who I am. And so these are people that come out, and they 就是， you know, there forty two, forty six years old, forty one years old, that's the template. And they've got a paid for house six or seven hundred thousand dollars.

And you've h six heard and in their four one k and roth ira, that's pretty well. The first one point seven or one 朋友， now you don't get to fifty million or one hundred million doing that。 You're not a billion or a billion is a thousand million.

That's a different form 了 and much fewer of those out there。 But i'm talking about, can joe and susie retire with dignity, believe in inheritance, change their family tree, uh, not have to count on the government for support, uh, not have to pray that they can vote to savor into the White house because I can't fix their own life. Can they exist and leave the american dream, get up with the cave, kill something, drag at home and make IT be dead gun, right? They can. We proved IT with data and citing.

keep their finances commingled. Why don't people do that? You said earlier that you see a lot of people who don't have separate .

accounts modeling from the last generation. For one thing, their mom and dad didn't .

because .

they don't trust each other other. And you know if they're been divorce and remarried, then the the scarce of the other one, you know, your superimposing upon your news spouse, the idiocy of your last one, as one guys said, my starter wife, you know, miss this thing. Star like, okay, first one, okay. And I mean, that thing is.

And and you know probably has something to do with this idea of massage is uh this idea that uh of um equal rights uh that women need to build a man, we have equal right trying the same vote I get you and one hundred percent of the income since um our first child was born in and she's nine uh has come into the house because of me shit doesn't earn an income hasn't not because we're George is just what we choose to do in our life. But but I don't have an income. We have an income here the rounds and so sharing as much right and much vote as much say and as so there's no passage in here is quite the opposite.

Um it's in an equal vote. And you know if we can't come to an agreement, we don't do IT, which sometimes this is one of off. We need to be in agreement.

We need to be in unity because there is safety in that unity. There's wisdom in that. And and you know, if you want to be independent and not have anyone ever tell you anything that you should do wrong, then please don't get married.

IT doesn't go well because I mean, it's immediately there's going be friction the first day on that basis or you complete me or some kind of bull crap like that is not you Better get in that marriage to serve the other person. And that together we're going to serve the next generation. And beyond that, the next generation and we are going to serve the community. And let's get in this idea where there's some meaning to life rather than this. What can I get out .

of IT you'd Better get in that marriage to serve the other .

person I love that at work.

Um are married people more likely to be in Better financial shape?

Yes yes there's all kinds of research and data um called the marriage advantage and IT started with that the husbandman's in the sixty or seventy is the first time we started in this this type of research pop up. It's not true today because it's not exactly how the uh social economic fabric is today.

But if you like one thousand hundred and sixty five or one thousand nine seventy husband goes off to work with low brief case, wife stays at home and two kids were boring, clever, right whatever. Um then that guy had an advantage in the marketplace and ended up with a Better career path, higher income and higher likelihood building wealth. Then his single person peared did um and IT really was because of support from home is what I amounted to in those days IT was he didn't have to worry about cooking.

He didn't have to worry about kid I mean he didn't have to and see the fact that he felt the responsibility to two further things rather than, you know, what's my responsibility? I need more beer on friday night. Don't have anything to come back home to to 啊 to to that I need to be Better for。 And so being Better for the family, we drove with the man in those days today, we're still seeing the marriage advantage.

But of course, we don't live in a society that has that very often the vast majority of couples a today, uh, both at work or have work at some time, the vast majority of couples today on a more equal playing field. And uh in terms of in the career space, we see a lot of times knowledge where the lady's out performing the man income wash in the marketing is not unusual at all um and perfectly cool that but still we end up with that couple having a marriage advantage. And I think it's got to do my friend Samsonic rot book called the infinite game and the tissues of the book is that when you play a game with the shed of rules and there's an end to the game, you you move the pieces around, you make the decisions in the game to get to that end.

When you pull are playing a game that there's not an end to that is going to go beyond your life, then you're playing long ball. You're making decisions that a long term based rather than short term example of that in the marketplace would be are the publicly traded company who lays off a bunch of people just to make quarterly stock numbers. A short term thinking, you can artificially run the profitability of a company up by laying off after payroll, having a big layoff and you didn't need to lay on off, but you needed you needed to make your numbers for the stock market right? And so but the company is not doing something like that long ball is they'll take a deep breath and and kind of go through a hard period of time and keep their high quality talent because you're gonna need your huck talent in a long ball game.

You know you to five years from now, ten years from now. But if you're only thinking about one quarter of time, you make different decisions. Then if you're thinking about ten years, twenty years, thirty years out privately, all companies make different decisions for that reason.

Uh, in the handling, in the strategy, other businesses, same things true in our personalize. So what ends up happening is, is the guy, the couples that are married have a applying long ball. They're playing infinite game.

There are saying I want changed my family tree. They're looking a baby b in born, by the way, that's an impotence. Probably number one thing is that we've run into that caused people stop the stupidity, get off crazy cycle and say we're going get out of that.

We're going get on a budget. We're not going in a restaurant. We're going to whatever IT takes to get free. We're going to change everything. We're suddenly going to grow up.

And what spending money we don't have is when they are the first child, absolute first child, comes in the world. Like dad gun, this is an adult thing. Now, i'm not a baby anymore. And your emotional calling to nobility goes way up.

What are the main thinking? You made a couple reference to restaurant spending. Is that one .

of the big IT is OK. I'm not against restaurants of good food. My favorite sports is fine dining. But but you know, eighty percent of what you spend in a restaurant as entertainment you can make save me at home for twenty on the hour yeah and so it's is not necessary for nutrition.

IT is entertainment and you don't go by, uh, broadway play tickets for four hundred box a piece when you're broke. You know you should stay home and play cards so you don't do entertainment when your broke. That's expensive of an and that's what eating out is. And americans have moved again, partly because both are in the workplace, both get home, retire, don't feel like cooking, they don't feel I get out that dad gun fine pana doing something, but you can start eating from home by way, healthier in general to eat from home. And um and when you start looking at IT, IT will open your eyes what you're spending on out what you're spending on your car payment out to a and and on vacation when your broke is those three things are are what we found in a budget that we can change immediately and they can IT helps IT helps some math to make that .

turn rule car payments, eating out and vices and vacations. So you're dressed ting how what's get to vacations, how much people spend their vacations.

Um I don't I don't have numbers .

of memorize, but that's a big spent.

The last family what a trip to disney costs for four days is you know what a trip to the beach for five days costs I and run an arb N B. And um you know you grew up different than I did, but I was never on an airplane until was fifteen years old. Air travel was not Normal in my generation.

Now for middle class and lower middle people, a air travel for almost every american is Normal now is very Normal for people to jump on the airplane. And that cost a lot of money to buy airline ticket to we're going to flat to new york. We're in a flat to disney.

We're going to fly at the beach. We're gona fly a cancer or cosme or cobo and which is great. I don't i'm not a kiss doing those nice things.

I'd do them. Um but you live like no one else so that later you can live and give like no one else. And so you look up and word up and we make eighty grand. We drop in seven, eight, nine grand a year on a vacation and then stuck with credit debt. And then we can figure out, wow, oh, Christmas, I surprised this is in december this year, called me off guard.

And so what we can do now, well, we got to put that on a credit card because we just used up what little money with the to go on the beach vacation during fall break and and it's just and there's a sense of um waking up then in january, he after the holidays with the financial hangover and the average american is paying on Christmas until may. And so but because there nothing have there no Christmas club savings account at any local bank anymore? hardly.

I mean, but one percent of america, I don't have a Christmas club account. Some people do safe for Christmas, thank god. But a Christmas club account was IT was a thing again, fifty and sixties IT was a big deal.

It's just kind of determination with some of the good banking practices. But the idea was in january, you would open an account, a savings count that had Christmas written on the outside of is called the Christmas club. And you put enough in there one twelve.

So when december got here, you have the mind to pay cash for your Christmas, and you take your little money down there, put your each pay day and like, lay away, lay away. Yeah, the kind of concept, all old ideas that have now died in a new digital world. And it's not it's okay that i've died, but the the idea behind the i'm going to shake up and pay forward or that's genius.

Car payments, that's a huge expense for people.

Largest item we buy that goes down in value and they go out about you like a rock. That's where ship he gives that they they lose seventy percent of value in the first four years.

So you twenty one thousand dollars in four years on authority thousand doll car purchase, you need to be make some money clues, twenty one thousand oh, pay payments for the opportunity to lose twenty one thousand dollars in value and pay extra interest in in payments on that two oh, and there's insurance on that too. So um what we have figured out is that I I is horrible for me because I am a car guy. I love cars and man driver a junk cars for me.

When we were broke, what was the hardest stablished at the jg or when I was so two days before they so didn't get report, just barely. But now and I will be so at the right to check to get rid of because upside down. But um they are so if you will drive like no one else later, you can drive like no one else.

If you build some wealth, then you can afford to lose money on cars. But a hundred percent of us that have anything with a motor in or wheels IT goes down in value, said I i've got boats that goes down in value of got cars, they go down in value. And that's in of itself, not evil.

But when IT is a large percentage of your income or your net worth that's going down in value, then of course you're gona be broke your whole life. So if you if your entire investment strategy is thirty thousand dollars, ars, instead of put thirty thousand dollars in a four one k, you're going in the wrong way. Or instead of saving up the money, get the house.

You're going in the wrong way. House is going up about you. For one case, going up in value make you a millions like we said earlier, but no one buys cars to become a quite the opposite show.

Um our real thum is not buy vehicles. Everything you own that has motors put IT together and that should be less than half your and your income. And if IT is, then you've got plenty of room. It's not going to destroy your network. But I talk to people make an eighty thousand, thousand, thousand, thousand, the cars oh, and then they go one more day yeah I know you're not going to do what I say probably, but if free, I may help you with that, show you really good idea. Cell to cars in the silence on the other in the phone is defining.

Well, if you say your cars, how do you drive?

You get two, two thousand hours cars with the payments from one month of not having eighty thousand hour cars. You got make eighty grand you ve got seven thousand of the cars oh my god, there's no chance that just dried beaters for a short period of time here drive one else later. You drive me after the jar.

We um we are no car and a friend of mine helped me. I think he helped me a lot always probably he loved me. Is one thousand nine seventy eight catalan that had four hundred and seventy eight thousand miles on IT and IT had the premium ent color was bono, oh yeah.

And the vital roof across the top was broken. So when you drove IT filled up there. So I look like a pair shoe, a bundle buggies with a pair shot on top.

So I went from jg AR to bundle buggies. I went from arrogant to humiliated, not just humble, but humiliated. I mean, copy would follow me in that car, right? What are you doing in this in the town? And so you stop the stop right now.

Top would settle. You know, it's like going down the, but you know what? I dry my car what felt like ten years, one, three months period.

And I shape up enough to about two thousand of a car very much because I went about that thing and I gave you give that blessing back to my hand, right? And so thank you. Thank you very much.

And um got a two thousand other car and then I shaved up and got a five thousand. Another car was at the two thousand two member, hi, I was some kind of shavian pala. Yeah, I was ugly, but he was a liability nicer than the bond.

I mean, the difference in a two thousand ha is dramatic? Yes, is and the difference in two thousand six a cars dramatic? The difference in a six thousand sixteen thousand, another car is partly design able.

as a good point.

in a twenty thousand car. And thousand car ninety percent of people can pick. And looking up, how did you have to be to buy new cars? We tell books are many little at worth if you're a brain now because you take such a hit in the first twelve month, I don't buy new cars.

I do, but i've got the money, so i'm not ashamed to that. But I don't. I wlink tell people to do that again, until you get at least to one million dollar networks, don't buy a new car, unless you a million dollar networks buy one year old.

Let's somebody just take the but wiping on the appreciation. And again, the millionaire were talking to their drive in three year, four year toyota. Still, I can't tell him, hey, you need up great.

I often times find one drive in nineteen, three camera and dried, you know, still and a million sick. And I might do pay your wife a car. Come on, that's that's awful.

You're not proving anything at that point. You're about leasing cars, leasing of method of financing on a car. And so at least payment is basically a car, a payment and which is wiser.

It's so confusing. The leasing lisa is the most expensive void. Operate IT is only borrowing money. The bank is is Better actually paying cash.

Obviously, the only thing you should do ever, you should a cycle for car pay again known what I know now with the data that i've got in the life of lived, there is no way. And I am a car guy, man. I like a mur.

I'm a redneck. I like a muscle running in our hero. I like some fast, but i'm still, I like a bicycle. So a car for week is basically the the math on IT is you've got to M S R P, the manufacturer sticker Price, right? And that's what the release is based on.

And you've got a monthly payment that where you're renting the car, you're leaving the car at the end of a closed in lease, which ninety eight percent the leases amErica closed in leases. There's a buy out number. You can buy the car if you don't turn IT in for that number.

所以 pay payments and the buyout number and the biot number might be nine thousand dollars and you paid thirty ty thousand dollars for the car， whatever something like that. And you know you got a five year lease, so you're paying payments for five years and then you get a buy out number. So it's much like to pay off on a car um if you paid IT off early.

And so you can buy that car for nine, eight hundred books in our example here. And if you run in a financial calculator, you put in you back and you say, okay, my current value is the of the car is the one number. The series of payments is the other number and the in numbers and nine eight hundred dollars we can ascertain that um the average car relation amErica is fourteen point two percent.

Interest ate is not technically and interest ate is not disclosed by truth in landing laws because it's not borrowing money. So you don't get the little sheet when you this is your A P R. Is that by the federal government? If you buy something has an interesting on that, they have to give you that sheet truth and landing.

But you're not borrowing money. So you never know the cost of capitalist what is called in least but a math formula that works exactly like interest. So you're borrows money at fourteen percent at .

rest when you least a car on average .

as compared to eight. Oh, wow, in today's world, something double. Yeah, yeah.

I hi. It's a super, but it's a lower payment, less down. And the car companies make more money on IT.

So they push IT like crazy. The number one car, the number one most profitable square footage on the car dealers law is the finance office. They make a lot more money on the sale of that contract, at least contract back to ford motor.

They give a right, they're at a check to o to credit back to crash a credit, whatever. They give a check back to that dealer. And they make more money on the spread on that contract and they do on the actual spread of the on the inventory item of the car. So cars are excuse to sell. Financing is so sick.

Wow, you can see why a Normal person, maybe with less knowledge than you could see. This all is like a vast conspiracy to do with dead. No, IT is.

I think it's everybody just doing the best I can at their business. And they figured out but I mean, Victoria secret figured out that they weren't underwear business. In order to keep your job at the underwear store, you have to to issue so many Victory secret, create cards a month if you're the little girl sell, in other words, the underworld store thirsty yeah, the farm.

Because there there is a credit business, more money credit. Is that would be you Better? Or your little White, or your attendant there is not gna get to keep her job.

The serious, in the old days, made more money on credit than they did on anything else. Course there are broke, they had discover later. And they all, they offer a profit, and they still, but should stay in the credit card business. And I should have, okay.

could you do me out a little Better from from the personal to to to the national? O O our national debt um is IT as bigger problems or the personal that that we Carry.

It's a different problem. Yeah it's um harder to uh um for me anyway, it's harder to grasp exactly what to do with IT. It's harder to figure out where there's an in game I have pledged for some reason in mass base talker there's always a guy um is typically a guy and not lady because lady don't for somebody don't make this mistake.

But in the financial world, people there in the final, when they get old and they write books, they almost always take a negative that the into the world is coming. So I read ten or fifteen books that the end of the world is coming due to the national that, uh, Peter Grace, the Grace commission studying the national that under a dragon. Wrote a book called bankrupt in one thousand nine hundred eighty four, that in one thousand nine hundred and eighty four the government was gone to go so far and dead that the government, that they were gonna rub themselves that was in hockey stick.

And he makes a legitimate case with math that the world is going to come to an end as we know what economically in one hundred and eighty four and happen yeah and there is a whole bunch of others that are noted smart people but is just something about the janda that i'm in that people go negative when they get old and they always write into the world book. And I promised i'm not I promised i'm not going to do IT. So no matter how I get, i'm not going to fall for I said i'm going to write the optimism book.

But the so the answer to your question is I do not understand why IT is not having more than negative impact than IT is in my mind because, you know, I hate dad. Obviously of metals, we had a whole disgusting around the subject today. But the I don't understand how we've gotten so far.

We're such a large percent of our budget now is just to maintain the interest um the trillions upon trillions and seems to be no end of the appetite for both parties to just choke us to death on over spending a the deficit is I mean, people I don't understand what deficit means in the real world out here IT IT means that how much you've overspent that year only. It's not how much in debt you are. It's how much more that you have gone that year because you're still stupid.

You wear the year before. You know it's like god is out of control. So the the ability for somebody to be a stateman on one side of the other or the other to actually look at the american people and saying, no, we're not gonna this.

We're going to bring this spending in is beyond me so that that's that's a political capital. I don't see anybody even talking about um intelligently. Um it's it's a party little secret and and there are but there are people smarter than me that think it's okay.

I've got a good friend and natural it's a world class economic name art laughter and he helped a present trump with this a tax code that he wrote which was a great tax code um and he was famous under reagan for the africa for the africa that as you decrease tax rates, revenge revenues rise because you stimulate the economy. And it's it's no longer a theory, it's a proven fact. Um super lefties don't like IT because they associate region.

But if you just look at the actual data, IT actually happens under the same theory. Clinton Normal baLanced the budget use. He lowered tax rates. And there is a closest we've comed not having a deficit in in modern times.

你 不要 告 um because revenue was wait up， understand the economy was bombing and um and people paying taxes like crazy as result with a lower tax rate. So art says he and I argue about this a dinner not long ago because I like art, I don't understand. You're going to have to help me because i'm a little Billy and you're like a cambridge P H D.

okay. So you know to teach me, why is this not a problem? I got a problem, but that's not the answer.

I'm saying why you, because I said so, like, so yeah, you gonna really talk down to me a little bit and teach. And he tried to explain IT. And i'm still bless his heart. He he is so smart, I I couldn't get there. I do not understand why on the problem, but he really believes is not and I really like him and marter I am and so maybe it's not I don't know and i'm not going to write into the world book anyway.

So I I do know that IT represents a from a person like me, a personal face perspective, this lack of a personal discipline, this inability to the masses in order to have a greater gain, to say no to something today, so I can say yes to my grandchildren's generation, that lack of no nobility. This this just ever s agree, this just every dollar just to everybody just milking the american public with with spending that to me that's just um they just sick it's report of IT IT is and so um to me it's a spiritual disease. It's uh it's it's a it's an indicator where we the people are because we can stop IT, we the people could stop IT.

We just vote some different people in. If somebody stood up and said no, but no one want your congressman or senator to say no to something you care about, I mean, I mean, my grand, you're gona cut my grandmother, you're gona kill my grandmother no night. But the word no in an entitled culture is that what .

are other people responsible for? Your grandmother?

Yes, she's your grandmother, yes, but she's on the program. You got the program. She's gonna e, which is not she's now it's all probably but you know if but I mean, what for the saying you know you turn the bowl over and dump out the alphabet soup up there.

Start closing a bunch of these four hundred and sixty four agencies that we have. You know what payroll is number one thing on any business pl, any government p nl. Number one item, largest item.

When you go down the list of expenses is always pero and you got an alphabet soup up there. So that means we've been open two hundred and seven years and we've average two agencies a year. And in the first hundred years, we had no agencies.

So that means we have average four agencies year being formed theyve never closed one yet. So alphabet this alphabet up there, and those people can spend some stinking money, man. They make the rest of look like geniuses.

I know. And they blame us for everything. Oh yeah. Um so what? Okay, so we are couple weeks out from the presidential election.

How do you expect in please go in order a common hairs first down trump second, how do you expect the economy to change if one is elected or the others elected? Common is elected. What changes?

Well um as a friend man says it's hard to say without no one but the.

Let's never stop. Hey, day.

gram. again. This is worth what two folks out are listening or paying for, which is nothing. So ah and i'm an expert on my opinion, but the uh economics I am sure and i'm a student of economics.

I've got a degree in finance and so I spent my time and then I spent my whole life on the sub micro primarily but micro was implied um but economics for sure we sit in the stock market. We see IT in the stuff after the pandemic with supply chain, uh we see IT a with oil energy movement. That kind of thing is as much psychology as IT is mathematics because it's about expectations and self fulfilling properties.

So even in the words, if I believe as a small business guy and fifty four percent that gross domestic product to small business produced, okay, so people have five hundred and fewer employees are making decisions on over half of the economy. And so the heating and airgas um or a guy this got a financial planning services business or a lady that don't cp back or office, okay, are they going to invest some of their profits in growing their business or open up IT rental a larger space, hire another person to work on their team? They have to believe in order to do that.

So this is self a feeling proxy. If they think things are bad, then they take actions that make them bad because they don't invest, they don't harder the next person, and instead they pile at cash in the bank account because they are looking over the shoulder like, like death is coming over the corner, right around the corner. And so when people don't believe under any president that things you're gonna good, they take actions to make IT worse. When they do believe, then they create actions that make the person look like they caused something in the White house. And really, the small business guys is the one that caused something to happen.

When I was interviewing president trump the other day, I said, you know, when you politicians, and so you have been a businessman, president trump, ana politician, and when you people say I created jobs as a politician, if p of us that actually create jobs off because, you know, create any jobs, are you do to create an environment, where will go create jobs? I'll hire people at range if you give me more my tax money back our life, right? And how hire more people, iran, and grow what we do, if I think i'm safe, if I been a predictable environment.

And that's what scares me about um vice person Harris is I I don't think there is a solid program. Even if I didn't agree with the program, I can't tell what IT is. And so as a business man on clarity, our ambition is more scary than my disagreement with .

poli and is true for most business guarantee.

That is if but if you're if you're a solid democrat and you believe in the democratic party, okay, and that your thing ah which you probably not listening to pot cash, but if you are um you know at at least then you would believe that the um we try to find one in the past uh that was a proactive um uh Kennedy okay because Kennedy economic polices are more republican and democratic today world but I found a democrats that you disagree that you agree with and even if their policies or something I wouldn't go along with, I wouldn't do that if I was, but at least I know what that is.

I know what the rules of the game are, and I can tell then i'll be IT more likely to invest. But when you take away um misher footing, even if even if it's treacherous footing, the ambiguity causes the economy to slow down and that's what we're sitting in right now. The lack of leadership about the White house today, as sad as IT is and and many things you know we can joke about IT, we shouldn't, but it's easy to do.

We can we do, but just the the sheer silence and the frozen, like a dear and headlights for the last what a minimum fourteen months, fifteen months is frozen. The freek in economy is just sitting and looking at us. And so that's what scares make more than anything else.

Even if you disagree with trump, at least, my god, you know what is going to do for sure. Drill, baby, drill. Lower taxes. Blow up this thing he's going to i'm not in agreement with president trump on personally. I didn't discuss this with but I think the terrifying is overdoing I think terrorists gonna some inflation.

Agree with some the economist that have come out against conservative economists come out and don't do that, but he's going to take up because he's all about the behavior thing and get a bad idea. But at least, you know, you know, if i'm buying goods out of vietnam right now and my business, my cost of good soul is a business man, if i'm buying goals at a talian right now, i'm doing some production there. I'm not.

But if you are you buying stuff out of india right now, you Better get ready of Donald trumps in office for your cocos. So to go up and we know that, but that's a predictable environment even if it's a even if it's gona harm my personal little business over here, least I know IT and still now at least know what the rules the game are. And I can act and you can still stimulate the economy on ideas you don't agree with because they're predictable.

The lack of ambiguities, ambiguities, what kills the economy, it's called lack of leadership. Now that's what the White else can actually do. Uh, the White house can not create the economy.

They can create an environment where the economy grows, but they cannot create an economy. They do not have that power. So don't vote for somebody because Donald trumps can make you rich.

He is not alarms can make you rich the night, the laugher ble thing when obama was elected, these people, that where is my free car? You know, because these people went completely nuts, thinking obama was gonna just hand out Candy from the White out. And that entitlement stuff is waked. But from a business perspective, a business man's musing woman's perspective, uh, you know, the advantage trump pass over a vice ant president trump has over vice areas is that he has A A very clear, exacting thing that you can choose to agree with or disagree with. But it's an environment you can function in because it's predictable that will calls prosperity.

Here's my last question. I was having dinner with someone the other night um and your name came up actually agent bring up this person has brought you up and said taking about dave ramsey is no one I ve ever seen. Treats his employees Better than he does and you have a lot of nice.

H, I thought I was really nice. I was a memorable component. IT wasn't just dav. M, C. A good guy was dav.

MC goes way out of his way to treat his employees well, and this was unsolicited. Just said that I didn't forget IT. So I think that's true.

I ask the people, and I think i've verified that is true. I reported this out. But IT raises the question and bless you for doing that. But what are an employers obligations to his employees.

do you think? What I mean, there's legal obligations that are obvious. I meet moral. There's ethical, moral and then the spiritual. And um so our H R manual comes from jesus word that just treat other people like you won't be treated. And so i've got a if i've got a go, my team right now that just had a horrible m accident and he's in the hospital and at this moment of this tapping.

And so okay, if mother brother worked for talker, he had a horrible bike accident, couldn't come to work probably for a month and he said, surgery no, it's all up um how would you try? How would I want mother brother to be treated if they work for you? I don't want my daughter to be treated.

Um and so that's a way we look at IT. And so it's real simple then if we have the money um and lately we have had in the other days, we didn't. But if we have the money and we can take care of somebody that needs to be taken care of, we seem to do that because it's what I want somebody do for my kid or for me if I wasn't trouble.

Um and it's caused us to do some pretty wanky things at times like what um well I mean like we had one two member that had cancer and they didn't work for two years and they got paid the entire two years and now back on her team and IT with this personal covered yeah SHE made IT and she's wonderful she's a fabulous person by the way and um everybody loves her and um there is no way we weren't going to take care of her um SHE gonna that and he had passed away. We would have help with the final arrangements because we should made with us fifteen years and she's like a sister so we've taken her with what we do the and the greatest now running a business for thirty years. The most fabulous h experience i've had is to get to walk along shoulder to shoulder with these warrior poets and fight through the things we got to fight through the win and they become successful.

And meanwhile, got each other is back. That always work. Sometimes people like and and say things about decision, say soon as they make up story, put them in the press and that happened to me. He breaks my heart but um makes me mad um but we're always going to be caught. I'm not gonna on my death bed and look back and go.

I wish I had taken care and so so when I head the means to do IT life doesn't change to some in how selfish would be not to do that and what the by product that ends up happening. And IT really wasn't motivation for IT, but from a leadership perspective, the by product that ends up happening is um this fierce loyalty and um this fierce desire to come to work and actually work by your work and um and they take care of each other. So some is in hospital, the number of people that on our team to cut your grass, make sure they get food.

The families get food. The team shows up when a new person comes on board. They've never seeing like IT uh, five week.

People from that time will show up up and move the stuff other you and who does that when we do because that's why we treat each other and it's other service. And there's just tremendous a spiritual, psychological and end up being financial reward because we don't have anywhere near the turn over. Who wants leave? rams? Y nobody.

We don't I mean, somebody leaves because I have a family situation like they get married other day, we decide they want to with her husband and local home of problems, you know it's a problem and we also that one, you know. So we have some turn over like that, but we don't have Normal turn over like anywhere near anybody else. And and we're in the types of world with broadcasting.

I mean, it's hot turn over world. Oh yeah it's a um it's a gypsy world almost yes. And my producer, black tomson has been almost thirty years and one of my best friends and so that I get choked up.

But yeah, but he's doing thing for David and renzi. I got take some that me, I I don't have any worry about some my talking her on of my kids, my wife, those people. Be there.

You built an amazing world.

Got good. daya. M. C, thank you. Thank you, brother. Thanks for .

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