1 00:00:02,360 --> 00:00:04,640 Speaker 1: I don't know what planet Dave Ramsey's living on, but 2 00:00:04,680 --> 00:00:05,440 Speaker 1: it is not Earth. 3 00:00:06,360 --> 00:00:08,520 Speaker 2: He was on Fox News and he was saying that 4 00:00:08,560 --> 00:00:12,160 Speaker 2: Donald Trump's economy is lifting the middle class again, and 5 00:00:12,200 --> 00:00:14,159 Speaker 2: he went on to say that there is not an 6 00:00:14,200 --> 00:00:15,480 Speaker 2: affordability crisis. 7 00:00:15,760 --> 00:00:18,600 Speaker 3: Great's are down and gas prices are down below three 8 00:00:18,680 --> 00:00:21,880 Speaker 3: dollars in most places. The economy seems to be. The 9 00:00:21,920 --> 00:00:25,439 Speaker 3: people we're talking to are really not having huge, serious 10 00:00:25,440 --> 00:00:28,440 Speaker 3: affordability problems. There's a lot of talking heads, a lot 11 00:00:28,440 --> 00:00:31,440 Speaker 3: of squawking about that, but most of that's political. 12 00:00:32,400 --> 00:00:34,960 Speaker 1: Okay, I guess I'm a talking head. But I also 13 00:00:35,080 --> 00:00:38,240 Speaker 1: shop at the grocery store. I live a pretty middle 14 00:00:38,280 --> 00:00:41,800 Speaker 1: class existence boat. My wife and I both make decent money, 15 00:00:41,880 --> 00:00:44,400 Speaker 1: but by no means rich. I live in a sixteen 16 00:00:44,440 --> 00:00:46,640 Speaker 1: hundred square foot ranch house on a third of an acre. 17 00:00:46,760 --> 00:00:46,919 Speaker 2: Right. 18 00:00:47,000 --> 00:00:50,240 Speaker 1: I drive a car that has no power, locks or windows. 19 00:00:50,640 --> 00:00:55,280 Speaker 1: I live a pretty, you know, live low life, right 20 00:00:55,320 --> 00:00:58,760 Speaker 1: in terms of I'm comfortable. I have a television, heat, 21 00:00:59,000 --> 00:01:02,240 Speaker 1: air conditioning house and can provide for my family. But 22 00:01:02,280 --> 00:01:04,240 Speaker 1: I'm not living the high life. And I will tell 23 00:01:04,280 --> 00:01:07,120 Speaker 1: you it is a swift kick in the junk. Anytime 24 00:01:07,160 --> 00:01:09,920 Speaker 1: you try to buy anything, and he sounds just totally 25 00:01:09,959 --> 00:01:11,800 Speaker 1: out of step with reality. 26 00:01:12,040 --> 00:01:13,880 Speaker 2: Well, you have to keep in mind that Dave Ramsey 27 00:01:13,920 --> 00:01:17,920 Speaker 2: completely owns his broadcast company and in twenty eighteen his 28 00:01:18,040 --> 00:01:21,360 Speaker 2: net worth was fifty five million dollars, So you are 29 00:01:21,440 --> 00:01:22,679 Speaker 2: living a different existence. 30 00:01:23,360 --> 00:01:25,560 Speaker 1: And I mean, God bless him. He's made his money, honestly, 31 00:01:25,840 --> 00:01:27,880 Speaker 1: and good for him, and by all accounts, he's helped 32 00:01:27,880 --> 00:01:30,480 Speaker 1: a lot of people, which is great. But I'm sorry 33 00:01:31,360 --> 00:01:35,160 Speaker 1: the middle class who And by the way, the gas 34 00:01:35,240 --> 00:01:39,080 Speaker 1: price stuff is what gets me. Gas prices are down 35 00:01:39,160 --> 00:01:42,680 Speaker 1: not because if anything Trump's done, it's because the economy 36 00:01:42,720 --> 00:01:47,920 Speaker 1: is restricting. The economy is war is worse off. There's 37 00:01:47,920 --> 00:01:52,960 Speaker 1: not a demand for oil for gasoline like there has been. 38 00:01:53,600 --> 00:01:55,440 Speaker 1: And thus if there's not a demand for something, what 39 00:01:55,440 --> 00:01:58,040 Speaker 1: do we know? The price goes down, right, which great? 40 00:01:58,160 --> 00:02:00,720 Speaker 1: You and I have jobs right now, work in radio. 41 00:02:00,760 --> 00:02:02,680 Speaker 1: Who knows tomorrow, but we have a job, so that 42 00:02:02,680 --> 00:02:04,840 Speaker 1: benefits us, right. It's cheaper for us to get to 43 00:02:04,920 --> 00:02:10,399 Speaker 1: and from work. However, other people it's horrible because they 44 00:02:10,400 --> 00:02:13,040 Speaker 1: don't have jobs to be able to afford to buy 45 00:02:13,040 --> 00:02:17,520 Speaker 1: the gas to go to work, like it just food rent. 46 00:02:17,840 --> 00:02:22,120 Speaker 1: All of this stuff is more expensive, and wages are 47 00:02:22,160 --> 00:02:24,639 Speaker 1: not rising in accordance with the price of everything. 48 00:02:24,800 --> 00:02:27,520 Speaker 2: CBS News just came out with an article just moments 49 00:02:27,520 --> 00:02:29,840 Speaker 2: ago and they said that more than seventy five percent 50 00:02:29,880 --> 00:02:34,080 Speaker 2: of homes across the country are unaffordable. But Dave Ramsey 51 00:02:34,120 --> 00:02:37,040 Speaker 2: said that America's finally breathing again under real leadership. It's 52 00:02:37,080 --> 00:02:39,200 Speaker 2: only going to get better from here. One of the 53 00:02:39,200 --> 00:02:42,800 Speaker 2: pieces of advice that he says he can always tell 54 00:02:42,840 --> 00:02:45,600 Speaker 2: when a family is going to stay middle class is 55 00:02:45,600 --> 00:02:49,000 Speaker 2: when they have two expensive cars sitting in front of 56 00:02:49,040 --> 00:02:53,000 Speaker 2: a middle class home, often with big monthly payments. He said, 57 00:02:53,080 --> 00:02:57,120 Speaker 2: more cars equals more bills when you consider insurance prepares, 58 00:02:57,240 --> 00:03:01,360 Speaker 2: gas depreciation, and ideally what you want to have is 59 00:03:01,480 --> 00:03:04,799 Speaker 2: no more than fifty percent of your income tied up 60 00:03:04,880 --> 00:03:07,640 Speaker 2: in depreciating assets like cars. 61 00:03:08,160 --> 00:03:10,240 Speaker 1: And look, I agree with all that, but the reality 62 00:03:10,280 --> 00:03:12,880 Speaker 1: is you got to have give people something to look 63 00:03:12,919 --> 00:03:16,119 Speaker 1: forward to right now. If you got two Mercedes out there, 64 00:03:16,160 --> 00:03:18,560 Speaker 1: and you know your combined household income is one hundred 65 00:03:18,600 --> 00:03:21,080 Speaker 1: thousand dollars, then maybe yeah, you're gonna be gonna be 66 00:03:21,120 --> 00:03:23,600 Speaker 1: pressing it. But I mean, come on, I mean, what 67 00:03:23,600 --> 00:03:25,720 Speaker 1: are we talking about? Nice cars? Right. I mean what 68 00:03:25,800 --> 00:03:28,160 Speaker 1: a lot of people have SUVs or whatever. You spend 69 00:03:28,160 --> 00:03:30,040 Speaker 1: a ton of time in your car. It's like making 70 00:03:30,040 --> 00:03:32,680 Speaker 1: your house dice. It's where you live, right. I just 71 00:03:32,720 --> 00:03:34,960 Speaker 1: like we shouldn't have to be making these choices in 72 00:03:35,000 --> 00:03:38,600 Speaker 1: this country. We should have to be choosing between, you know, 73 00:03:38,800 --> 00:03:40,200 Speaker 1: do this or do that. That's just not the way 74 00:03:40,240 --> 00:03:40,920 Speaker 1: it's supposed to work.