1 00:00:00,160 --> 00:00:02,080 Speaker 1: Okay, We've been pretty candid about this over the years. 2 00:00:02,160 --> 00:00:05,240 Speaker 1: Casey does all the work. I don't look at anything, 3 00:00:05,240 --> 00:00:06,880 Speaker 1: and then I just sit down and start talking. So 4 00:00:06,920 --> 00:00:08,559 Speaker 1: it's amazed that you're just doing the work for yourself 5 00:00:08,560 --> 00:00:11,040 Speaker 1: here on the kendeling Casey pretty much. So I was 6 00:00:11,039 --> 00:00:14,760 Speaker 1: perusing the template and this article from the Hill is 7 00:00:15,040 --> 00:00:17,720 Speaker 1: crazy about how much it cost to own a car. 8 00:00:18,360 --> 00:00:19,919 Speaker 2: Oh yeah, we're going to get to that in a 9 00:00:19,920 --> 00:00:22,200 Speaker 2: little bit, or what you want to talk about that now. 10 00:00:22,000 --> 00:00:23,960 Speaker 1: That's why I'm talking about it now. Okay, Like I'm 11 00:00:24,000 --> 00:00:26,319 Speaker 1: feeling as though the audience needs to know this, that 12 00:00:26,400 --> 00:00:29,360 Speaker 1: this is a staggering number that according to this article 13 00:00:29,360 --> 00:00:32,800 Speaker 1: at the Hill, which is they respected publication, no idea 14 00:00:32,840 --> 00:00:36,760 Speaker 1: why they would lie about this, Americans pay roughly twelve 15 00:00:37,800 --> 00:00:39,960 Speaker 1: and twenty eight dollars a year to own a car, 16 00:00:40,440 --> 00:00:45,400 Speaker 1: or roughly one thousand and sixty nine dollars per month. 17 00:00:46,040 --> 00:00:53,440 Speaker 1: Now this includes insurance, day to day maintenance, and another operators. 18 00:00:53,440 --> 00:00:56,960 Speaker 1: I assume that includes gas, so basically all in on 19 00:00:57,040 --> 00:01:01,680 Speaker 1: average to drive an automobile, it's and twenty eight dollars 20 00:01:01,680 --> 00:01:03,400 Speaker 1: a year. That blew my mind. There's no way it 21 00:01:03,400 --> 00:01:05,959 Speaker 1: cost me that much. To run that little golf cart 22 00:01:05,959 --> 00:01:06,320 Speaker 1: that I have. 23 00:01:06,560 --> 00:01:10,959 Speaker 2: Yeah, I think it's really interesting. Somebody told me that 24 00:01:11,040 --> 00:01:14,720 Speaker 2: they think part of this is the automakers constantly putting 25 00:01:14,720 --> 00:01:19,640 Speaker 2: out the advertising making mostly younger men feel like they 26 00:01:19,720 --> 00:01:22,600 Speaker 2: need to upgrade their car every single year. 27 00:01:22,760 --> 00:01:24,959 Speaker 1: Oh, because so people are not. People are always getting 28 00:01:25,000 --> 00:01:28,520 Speaker 1: new new cars by new cars. Okay, So they broke 29 00:01:28,600 --> 00:01:33,559 Speaker 1: it down eight percent financing charges, eight percent parking, five percent, 30 00:01:33,640 --> 00:01:36,919 Speaker 1: taxes and fees thirty eight okay, big part of its depreciation. 31 00:01:37,040 --> 00:01:39,959 Speaker 1: That is part of the equation. Eighteen percent fuel, fourteen 32 00:01:40,000 --> 00:01:43,720 Speaker 1: percent insurance, twelve percent maintenance and repairs. And that's that's 33 00:01:43,760 --> 00:01:46,080 Speaker 1: your total. Okay. So see, I'm not a good person 34 00:01:46,080 --> 00:01:48,240 Speaker 1: on this because from most of the audience knows, I 35 00:01:48,320 --> 00:01:51,520 Speaker 1: drive a car with that. It's a it's an older car, 36 00:01:51,600 --> 00:01:54,000 Speaker 1: it's over a decade old, it has no power locks 37 00:01:54,080 --> 00:01:58,559 Speaker 1: or windows, and it's the size of a golf cart. 38 00:01:58,680 --> 00:02:00,640 Speaker 1: So I'm really bad person. And to do this, I've 39 00:02:00,640 --> 00:02:02,480 Speaker 1: owned this car for many many years now, had it 40 00:02:02,520 --> 00:02:05,840 Speaker 1: paid off in full, uh, and I don't. My car 41 00:02:05,880 --> 00:02:09,079 Speaker 1: could not depreciate thirty eight percent every single year. There's 42 00:02:09,080 --> 00:02:10,840 Speaker 1: nothing left to depreciate. I mean I have to put 43 00:02:10,880 --> 00:02:11,240 Speaker 1: oil in. 44 00:02:11,240 --> 00:02:13,160 Speaker 2: Its appreciate it all it's going to I have to. 45 00:02:13,080 --> 00:02:14,880 Speaker 1: Put oil in it like every two weeks. It just 46 00:02:14,919 --> 00:02:16,560 Speaker 1: burns through the oil like I am in it. That's 47 00:02:16,560 --> 00:02:19,120 Speaker 1: probably not good either. The boss Bruce Springsteen and Born 48 00:02:19,160 --> 00:02:21,760 Speaker 1: to Run described it as a death trap, a suicide wrap. 49 00:02:21,840 --> 00:02:25,080 Speaker 1: That's what I drive to work. And here's the thing. 50 00:02:25,960 --> 00:02:28,200 Speaker 1: I should get a new car. I could get a 51 00:02:28,200 --> 00:02:30,560 Speaker 1: new car, but there's a certain level of pride of 52 00:02:30,639 --> 00:02:33,079 Speaker 1: can I run, actually run this thing into the ground. 53 00:02:33,240 --> 00:02:34,960 Speaker 1: Can I think you're doing a good job. Drive this 54 00:02:35,000 --> 00:02:37,400 Speaker 1: thing until it just stops going. 55 00:02:37,639 --> 00:02:39,800 Speaker 2: Yeah, Well, if you're having to put oil in it 56 00:02:39,840 --> 00:02:42,280 Speaker 2: every couple of weeks, I think you're there. 57 00:02:42,560 --> 00:02:44,680 Speaker 1: Yeah, But I mean it still runs fine. As long 58 00:02:44,720 --> 00:02:47,280 Speaker 1: as I do that, it's fine. Like there's nothing wrong 59 00:02:47,400 --> 00:02:48,040 Speaker 1: with the car. 60 00:02:48,200 --> 00:02:49,840 Speaker 2: Most people don't have to been oil in their car 61 00:02:49,919 --> 00:02:52,280 Speaker 2: every two weeks. That's not running fine. 62 00:02:52,360 --> 00:02:56,079 Speaker 1: It is running fine. That's a that's a operate properly. 63 00:02:56,200 --> 00:02:59,440 Speaker 1: Do you have a Toyota No, it's no, No, Why 64 00:02:59,560 --> 00:03:02,560 Speaker 1: there's it last a while? That's my boy. I've had toyotas. 65 00:03:02,600 --> 00:03:05,560 Speaker 1: I had a Toyota a Corolla years ago. I got 66 00:03:05,600 --> 00:03:07,639 Speaker 1: three hundred thousand miles out of that car when I 67 00:03:07,639 --> 00:03:10,120 Speaker 1: got rid of it, and it was still running great. 68 00:03:10,360 --> 00:03:12,480 Speaker 1: It's just the problem was so when I owned my 69 00:03:12,560 --> 00:03:14,480 Speaker 1: radio station in North Carolina for all those years down 70 00:03:14,520 --> 00:03:18,680 Speaker 1: near Wilmington, there was no there was no garage at 71 00:03:18,680 --> 00:03:20,560 Speaker 1: the building or car port, so just sit out in 72 00:03:20,560 --> 00:03:22,520 Speaker 1: the sun. The steering wheel had melted. That was the 73 00:03:22,520 --> 00:03:23,840 Speaker 1: problem I had to get rid of because the steering 74 00:03:23,840 --> 00:03:26,240 Speaker 1: wheel and the seats had basically melted in the in 75 00:03:26,280 --> 00:03:28,480 Speaker 1: the southern heat. But other than that, the car you 76 00:03:28,480 --> 00:03:30,359 Speaker 1: should drive across country ran fine. I think I could 77 00:03:30,360 --> 00:03:31,920 Speaker 1: have got another one hundred thousand miles out of it 78 00:03:31,919 --> 00:03:36,280 Speaker 1: if i'd tried. But if the car runs fine and 79 00:03:36,280 --> 00:03:37,960 Speaker 1: I know I'd have to do to maintain it, and 80 00:03:38,000 --> 00:03:40,120 Speaker 1: it costs me nothing and it gets great gas, and 81 00:03:40,200 --> 00:03:42,560 Speaker 1: I was like forty miles to the gallon, why would 82 00:03:42,560 --> 00:03:43,160 Speaker 1: I get a new car? 83 00:03:43,280 --> 00:03:45,720 Speaker 2: Yeah, but do you feel safe driving your daughter in 84 00:03:45,720 --> 00:03:46,080 Speaker 2: that vehicle? 85 00:03:46,080 --> 00:03:47,800 Speaker 1: I don't drive my daughter in that vehicle. She's never 86 00:03:47,840 --> 00:03:50,360 Speaker 1: been in that vehicle. I would absolutely reason. I would 87 00:03:50,440 --> 00:03:52,400 Speaker 1: never drive my kid in that vehicle. We have a 88 00:03:52,480 --> 00:03:54,800 Speaker 1: vehicle that I feel safe with my kid being in. 89 00:03:55,360 --> 00:03:58,720 Speaker 1: So look, Nathan, he'll say, my only regret is I 90 00:03:58,760 --> 00:04:00,520 Speaker 1: have but one life to give before my country. Yeah, 91 00:04:00,680 --> 00:04:02,080 Speaker 1: the only regret I have is that I have but 92 00:04:02,240 --> 00:04:03,880 Speaker 1: one car that saves me this amount of money. 93 00:04:04,160 --> 00:04:07,800 Speaker 2: M Yeah, but I I you got to put yourself 94 00:04:07,920 --> 00:04:09,920 Speaker 2: in a position of safety as well. 95 00:04:10,000 --> 00:04:11,280 Speaker 1: I don't drive the interstates anymore. 96 00:04:11,280 --> 00:04:11,800 Speaker 2: I mean you are. 97 00:04:11,920 --> 00:04:13,520 Speaker 1: I've given up that I t her in the car. 98 00:04:13,520 --> 00:04:16,440 Speaker 1: But you can put yourself in very slow at all times. No, 99 00:04:16,480 --> 00:04:18,120 Speaker 1: I drive a very slow rate of speed of all time. 100 00:04:18,200 --> 00:04:20,560 Speaker 1: It's fine. Would you, oh, would you like to buy 101 00:04:20,560 --> 00:04:22,880 Speaker 1: me a car? Would you like to step right up? 102 00:04:23,320 --> 00:04:25,800 Speaker 1: Rob You should be living this is the theme of 103 00:04:25,800 --> 00:04:28,320 Speaker 1: my existence. Robby should be doing this. Robbie should be 104 00:04:28,320 --> 00:04:30,560 Speaker 1: doing that. Robbie should buy and you'd be buying yourself 105 00:04:30,600 --> 00:04:32,680 Speaker 1: a new car. If you would like to buy me 106 00:04:32,720 --> 00:04:34,680 Speaker 1: a new car, not even a new car, a less 107 00:04:34,800 --> 00:04:36,880 Speaker 1: used car, I will gladly drive it. 108 00:04:36,960 --> 00:04:40,880 Speaker 2: I think that you you could afford a previously loved vehicle. 109 00:04:41,080 --> 00:04:42,640 Speaker 2: But here's the thing. You say, you won't put your 110 00:04:42,720 --> 00:04:45,040 Speaker 2: daughter in the car for safety reasons. That's right, Yeah, 111 00:04:45,080 --> 00:04:48,360 Speaker 2: you're gonna put yourself in the car. And you are 112 00:04:48,440 --> 00:04:49,440 Speaker 2: the head of your family. 113 00:04:49,480 --> 00:04:51,520 Speaker 1: So what does that say? I don't really have any 114 00:04:51,800 --> 00:04:53,359 Speaker 1: you've been around my house. I don't have any control 115 00:04:53,360 --> 00:04:57,279 Speaker 1: over anything as long as your wife's cars safe. Yeah, 116 00:04:57,560 --> 00:04:59,400 Speaker 1: and her car is wonderful, and I would she has 117 00:04:59,400 --> 00:05:03,479 Speaker 1: a very safe tank like automobile that could probably run 118 00:05:03,520 --> 00:05:06,159 Speaker 1: over any and everything. 119 00:05:06,480 --> 00:05:09,320 Speaker 2: Another thing from this article that was shocking. On average, 120 00:05:09,360 --> 00:05:12,760 Speaker 2: the typical American family spends or the typical American not 121 00:05:12,800 --> 00:05:15,520 Speaker 2: even family spends one thousand dollars on parking. 122 00:05:16,000 --> 00:05:19,880 Speaker 1: Yeah, what's that? Well, okay, so like our company pays 123 00:05:19,920 --> 00:05:22,080 Speaker 1: for our parking. I wonder what it would be. It 124 00:05:22,080 --> 00:05:24,000 Speaker 1: wouldn't be that much. No, it wouldn't be anywhere near 125 00:05:24,000 --> 00:05:27,080 Speaker 1: that much, but it would be expensive for downtown parking. 126 00:05:27,120 --> 00:05:30,000 Speaker 1: But our company pays for that, so we're we're I 127 00:05:30,000 --> 00:05:32,960 Speaker 1: guess we would be part of that, except we have 128 00:05:32,960 --> 00:05:34,800 Speaker 1: the fabulous benefit of being. 129 00:05:35,120 --> 00:05:39,640 Speaker 2: Right with the garage, the use of the garage, right. Yeah, 130 00:05:39,200 --> 00:05:42,640 Speaker 2: it's surprising though, what fifty bucks a month. 131 00:05:42,760 --> 00:05:45,000 Speaker 1: Depreciation was the one that look at you want because 132 00:05:45,000 --> 00:05:46,440 Speaker 1: you always here, Like the moment you drive the car 133 00:05:46,480 --> 00:05:49,480 Speaker 1: off the lot, it loses value. This does seem to 134 00:05:49,520 --> 00:05:51,440 Speaker 1: I mean, thirty eight percent seems like a lot of 135 00:05:51,440 --> 00:05:55,120 Speaker 1: depreciation probably on whatever automobile you're driving. See. 136 00:05:55,120 --> 00:05:56,719 Speaker 2: I think the issue with you is you don't even 137 00:05:56,720 --> 00:05:58,760 Speaker 2: know what kind of car you'd get because you're not 138 00:05:58,760 --> 00:06:01,080 Speaker 2: really a car guy. Like if you were in the market, 139 00:06:01,640 --> 00:06:03,600 Speaker 2: which which I think you are in the market, you're 140 00:06:03,640 --> 00:06:05,280 Speaker 2: just in denial about it. 141 00:06:06,480 --> 00:06:08,560 Speaker 1: You don't even know what you'd get. Yeah, the car 142 00:06:08,640 --> 00:06:10,200 Speaker 1: to me is always about getting from point A to 143 00:06:10,279 --> 00:06:12,560 Speaker 1: point B. That's all I've ever viewed a car as. 144 00:06:12,560 --> 00:06:14,920 Speaker 1: And I get that some people have many different views 145 00:06:14,920 --> 00:06:17,680 Speaker 1: on cars, love, affairs, whatever. I was always viewed as 146 00:06:17,680 --> 00:06:19,279 Speaker 1: the car. The goal of the cars to get you 147 00:06:19,279 --> 00:06:20,680 Speaker 1: from point A to point B. In as long as 148 00:06:20,800 --> 00:06:22,920 Speaker 1: I don't need bells any whistles, I don't need any 149 00:06:22,960 --> 00:06:24,760 Speaker 1: of that stuff. I don't. You wouldn't even know what 150 00:06:24,800 --> 00:06:26,320 Speaker 1: to do if you had bells and whistles. 151 00:06:26,640 --> 00:06:30,839 Speaker 2: No, like heated or cooled seats, electric windows, No, I 152 00:06:30,839 --> 00:06:31,680 Speaker 2: would have no idea. 153 00:06:31,760 --> 00:06:34,040 Speaker 1: I feel like I'm scamming someone. Uh huh.