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Speaker 1: We spent the next two and a half years of

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Speaker 1: our life losing everything we owned. We had a brand

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Speaker 1: new baby and a marriage hanging on by a thread.

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Speaker 1: And I'm twenty eight years old. In the final bankruptcy,

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Speaker 1: after fighting it for two and a half years, they

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Speaker 1: crushed me.

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Speaker 2: Welcome to episode five point forty two with Dave Ramsey

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Speaker 2: who I've known Dave for a long time now, and

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Speaker 2: it was really good to sit with them for an hour.

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Speaker 2: I don't know I like Dave. I think if you're

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Speaker 2: around Dave a little bit, you're drawn to him. There's

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Speaker 2: a reason he's successful. His website's Ramseysolutions dot com, which

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Speaker 2: teaches you practical ways to handle your money, work, and

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Speaker 2: relationships so you can create the life that you want.

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Speaker 2: Dave's a founder and CEO of Ramsey Solutions, where he's

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Speaker 2: helped people take control of their money and their lives

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Speaker 2: since nineteen ninety two. He has written nine best selling books.

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Speaker 2: He's a personal finance expert. He's host of The Ramsey Show.

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Speaker 2: He was millions of dollars in debt. Also, he didn't

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Speaker 2: grow up with money, so he got into debt because

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Speaker 2: a lot of rich people go into debt Because they're

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Speaker 2: rich and they think they can bounce out of it.

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Speaker 2: He's broke, then went into debt and then got out

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Speaker 2: of it. We talked about that. Dave was born in Antioch, Tennessee,

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Speaker 2: in nineteen sixty bought his first rental property at eighteen

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Speaker 2: years old. By age twenty six, he had a master

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Speaker 2: four million dollars in real estate portfolio. But then Donda, Yeah,

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Speaker 2: it didn't go so well. He's famous for his Baby

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Speaker 2: Steps plan, which is a seven step system to help

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Speaker 2: people get out of debt and build wealth. And here

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Speaker 2: he is Dave Ramsey Instagram at Dave Ramsey and again

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Speaker 2: ramseysolutions dot Com.

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Speaker 3: Here we go.

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Speaker 2: I consider you a friend. If I saw you at

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Speaker 2: the grocery store, I would go up and give you

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Speaker 2: a hug.

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Speaker 3: Absolutely.

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Speaker 2: Okay, have you hug when.

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Speaker 3: I walked down? Yeah?

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Speaker 2: And you know, and we've been friends a long time, yes,

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Speaker 2: so I would consider you.

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Speaker 1: I mean, you guys were just kind of getting started

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Speaker 1: when we for sure hung out, and then you just

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Speaker 1: like blew up and became a like an icon or

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Speaker 1: something crazy.

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Speaker 2: I don't know that that's true. But it has been

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Speaker 2: good do a good ride, for sure. It's been a

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Speaker 2: lot of revisionist history with me, and I was going

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Speaker 2: to ask you about that with you, where with me,

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Speaker 2: it's like you moved to town. Wow, you're huge. But

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Speaker 2: it was like the first couple of years here, like

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Speaker 2: I had to sell my whole company that I had

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Speaker 2: sort of syndicated myself with my with my own money,

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Speaker 2: and we started over and it was miserable and had

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Speaker 2: to buy billboards against me. There was all this strategy.

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Speaker 2: It was really hard for two or three years where

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Speaker 2: we almost didn't make it. But that's what actually made

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Speaker 2: us really make it was being so different and then

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Speaker 2: weathering of all of the already set in negativity. I mean,

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Speaker 2: that's really what it was. We were so different. Is

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Speaker 2: that at all your story? Because now you're just super

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Speaker 2: successful day.

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Speaker 1: I have always been rich, well not always obviously, the

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Speaker 1: uh you know what ended up.

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Speaker 3: I think more than.

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Speaker 1: We've had our waves of negativity, different things, for different

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Speaker 1: reasons in different times. Around the broadcast part, we've reinvented

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Speaker 1: ourselves as the platforms changed. I mean, obviously I started

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Speaker 1: in talk radio. Talk radio is a big deal. When

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Speaker 1: I started, Russia had been on their two years and

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Speaker 1: so talk radio evolved as we grew and ended up

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Speaker 1: with six hundred and eighty stations. Before he passed, we

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Speaker 1: were the third largest. Now we're the second largest talk

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Speaker 1: radio show in America, the only one that's independently syndicated.

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Speaker 1: And today that doesn't matter. What matters now is podcast.

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Speaker 1: What matters now is YouTube. Our numbers on those things

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Speaker 1: on Spotify, on Apple, on those things, those downloads, it's

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Speaker 1: just in the billions. And so that's but that's a

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Speaker 1: reinvention in that you know, you have to conform to

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Speaker 1: the new technology, and the wonderful thing is you get

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Speaker 1: to reach a whole new group of people that didn't

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Speaker 1: reach before.

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Speaker 2: Was there ever a moment where it almost didn't all

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Speaker 2: happen early on though, like before you started having success

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Speaker 2: at talk radio, was there a decision you look back

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Speaker 2: at it is like, man, this almost didn't work out.

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Speaker 1: Oh, A bunch of them, especially in the early days.

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Speaker 1: Started on WTN, which was in chapter eleven bankruptcy at

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Speaker 1: the time. The station was Yes, that's the irony. The

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Speaker 1: Ramsay Show starts on a bankruptcy bankrupt station.

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Speaker 2: And I'm assuming they didn't pay you a bunch of money.

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Speaker 1: They didn't pay me any money really matter of fact,

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Speaker 1: I've never been paid by a radio station I was working.

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Speaker 1: I just took the thing and they said, we'll give

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Speaker 1: you some ads that you can barter, and there are

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Speaker 1: six dollars a spot at the time, and so we

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Speaker 1: made nothing.

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Speaker 3: We're doing it for fun, you know, and it just

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Speaker 3: and again it.

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Speaker 1: Blew up, and then gay Lord bought it out of

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Speaker 1: bankruptcy and we thought, oh, we're done. They're going to

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Speaker 1: take a country and we're out of here. And they

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Speaker 1: did some qualitative and quantitative research to their credit, and

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Speaker 1: I found that we had a ton of phantom qum

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Speaker 1: because no one ever told us to say the call letters,

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Speaker 1: so there no one was writing it down in those days.

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Speaker 1: You wrote it down in the book, the ratings book.

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Speaker 1: And we started saying the call letters. We went to

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Speaker 1: a seven from zero to a seven to a fourteen

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Speaker 1: in three books. And all of a sudden that everybody

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Speaker 1: in Nashville is looking at talk radio, and talk radio

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Speaker 1: was kind of in a zenith in those days, so

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Speaker 1: it was everybody's talking about the water cooler. This is hey,

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Speaker 1: have you listen to g Gordon Liddy, George Plaster, you

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Speaker 1: know in Nashville, that's that's that was the deal?

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Speaker 2: What was what was it like for you, like as

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Speaker 2: a person, like kind of like the origin story of Dave,

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Speaker 2: because even I have read about you, and I know

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Speaker 2: you grew up in Antioch, and Antioch is not Beverly Hills. No, no,

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Speaker 2: And again my association with you is, I know the guy.

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Speaker 2: I think a lot of people that watch you on

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Speaker 2: TikTok is you're just the rich guy that's smart. So

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Speaker 2: what's like before all that happened? You grew up in Antioch?

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Speaker 2: What was home like?

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Speaker 1: Yeah, Anioch in those days was rednecks and now it's

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Speaker 1: kind of international flavor. It's the demographic has shifted. And

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Speaker 1: but it was a one thousand square foot house with

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Speaker 1: an unfinished basement, and we did not have living room

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Speaker 1: furniture until I was fourteen, So it was just a

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Speaker 1: big empty room.

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Speaker 3: Because the end of my by the living room furniture.

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Speaker 3: So I bought the house.

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Speaker 1: Mam and Dad bought the house for twelve two hundred

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Speaker 1: and fifty dollars in nineteen sixty and Dad was a

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Speaker 1: serial entrepreneur, so we were either driving catallacts or having

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Speaker 1: them towed.

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Speaker 3: And so I learned a lot about entrepreneurism.

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Speaker 2: From living through it.

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Speaker 1: Yeah, yeah, I mean we the you know, one summer

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Speaker 1: we got a nice boat to go skiing. In the

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Speaker 1: next summer, we got no boat, and so and that.

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Speaker 3: You know that. That was part of the life that

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Speaker 3: we grew up with. And then I.

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Speaker 1: Was going to go into the There we're in the

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Speaker 1: real estate business. So I'm going to go in the

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Speaker 1: real estate business. I got my real estate license when

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Speaker 1: I turned eighteen. Three weeks later, saw my first house,

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Speaker 1: and I moved out of the house and took off

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Speaker 1: and went to Knoxville and got a degree in real estate,

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Speaker 1: working down there sixty hours a week. They taught us

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Speaker 1: work ethic and always worked your parents did, yes, always

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Speaker 1: worked hard. Yeah, there's a lot of miscellaneous unpleasant in

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Speaker 1: a house like that. Sometimes we put the fun in dysfunction.

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Speaker 1: But but other things where they taught us entrepreneurism, they

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Speaker 1: taught us hard work. They were charismatic people in terms

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Speaker 1: of always telling a big tale, a big story, which

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Speaker 1: has worked on my benefit. Now there's storytellers out of

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Speaker 1: the mountains, you know, and that kind of stuff. So

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Speaker 1: it's some wonderful I attributes. There were some things that

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Speaker 1: were wonderful about it, and but you know, it was

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Speaker 1: a lower middle class neighborhood.

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Speaker 3: I guess something like that.

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Speaker 1: I'd pay cash for my first car cutting grass, and

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Speaker 1: so met my wife, Sharon.

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Speaker 3: We got married.

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Speaker 1: We had a dollar sixteen in our checking account, nothing

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Speaker 1: and I started buying his some only real estate in

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Speaker 1: my early twenties, talked some banker and the loan of

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Speaker 1: me money because I could talk to somebody into doing anything,

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Speaker 1: and I went deeply in debt, went broke.

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Speaker 2: How deep in debt.

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Speaker 1: We had four million dollars worth of real estate by

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Speaker 1: the time I was twenty six, and three million dollars

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Speaker 1: worth a debt and the banks called our notes. And

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Speaker 1: we spent the next two and a half years of

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Speaker 1: our life losing everything we owned. We had a brand

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Speaker 1: new baby and a toddler and a marriage hanging on

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Speaker 1: by a thread. And I'm twenty eight years old in

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Speaker 1: the final bankruptcy after fighting it for two and a

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Speaker 1: half years. It crushed me psychologically, spiritually.

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Speaker 3: Everything.

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Speaker 1: I met God in that process on the way up,

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Speaker 1: got to know him on the way down, and so

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Speaker 1: we just you know, by the time I'm thirty years old,

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Speaker 1: we're basically penniless again and get the opportunity just to

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Speaker 1: start over, but with having had the lights turned off,

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Speaker 1: the water turned off at the house. And so when

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Speaker 1: those people call me on the radio and they're scared, yeah,

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Speaker 1: I remember that instantly.

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Speaker 3: I can feel it. It starts rising up in my throat.

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Speaker 2: There's empathy involved.

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Speaker 1: Yeah, thirty years later, I can still feel it in

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Speaker 1: my body.

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Speaker 2: I watch a lot of clips because I think that's

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Speaker 2: the way that I consume you most is the clips

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Speaker 2: that go viral and millions. You can talk about millions,

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Speaker 2: billions of downloads, but I like, I'll go look at

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Speaker 2: a random clip of somebody calling in going We're seventy million.

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Speaker 2: And you're like, and you have all these little anecdotes.

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Speaker 2: Do you have like a list of anecdotes that you

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Speaker 2: can go to if somebody calls about certain things or

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Speaker 2: are they just firing off in your head?

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Speaker 1: Well, I mean some of them are joke lines you

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Speaker 1: used ten years ago and they work, so you keep

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Speaker 1: using them, right, and and people connect to those turn

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Speaker 1: a turn of phrase better than they do just solid information.

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Speaker 1: And so if you can wrap it somehow and something

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Speaker 1: makes them laugh or make them go, oh my god,

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Speaker 1: he just said that out loud, or get a little

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Speaker 1: bit of shock value. Then then it helps them remember,

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Speaker 1: It helps them learn from the process rather than simply

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Speaker 1: be entertained by other people's disasters.

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Speaker 2: I always want my doctor to not be emotionally invested,

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Speaker 2: because I think they work better if emotion is not

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Speaker 2: getting in the way. If I have a surgeon, now,

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Speaker 2: I don't want I'm feeling sad for me. I want

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Speaker 2: them coming to do what he was trying to do,

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Speaker 2: like go ABCD, cool, we got it, let's get out.

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Speaker 2: Like that is my hope. Whenever I go in and

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Speaker 2: have to have somebody work on, I don't want them

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Speaker 2: to care. I need them just to do their job

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Speaker 2: because I feel like sometimes emotion gets in the way.

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Speaker 2: Now it can good, it can help in a good

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Speaker 2: way as well. But whenever you're dealing with people that

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Speaker 2: have sad stories, do you ever just want to be

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Speaker 2: like I will help you?

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Speaker 3: Yeah, well we do. I mean we don't give them money,

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Speaker 3: but that's.

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Speaker 2: What I'm saying, Like you could just be like you

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Speaker 2: ever want to do that and be like let me

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Speaker 2: just give you something.

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Speaker 1: Yeah, And you know what we had to do early

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Speaker 1: when that first, you know, because What happens the first

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Speaker 1: time you do that is you've changed the show into

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Speaker 1: a telethon, and people are going to start calling to

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Speaker 1: get money instead of get help and answers, and money's

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Speaker 1: really not what they need. But there's a couple of times.

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Speaker 1: I mean, we had a lady though that gosh a

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Speaker 1: year and a half ago, call in and she owed

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Speaker 1: sixty thousand dollars on her house.

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Speaker 3: It's worth four hundred thousand.

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Speaker 1: Her husband had gotten killed in an accident on the job,

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Speaker 1: thirty years old, and she's four payments behind, getting ready

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Speaker 1: to lose a four hundred thousand dollars house with a

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Speaker 1: sixty thousand dollars mortgage. I can write that check and

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Speaker 1: be done. And she's got no problem, right. And he

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Speaker 1: was in the roofing, he fell through a roof. He's

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Speaker 1: working on a roof and I'm talking to her and

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Speaker 1: I said, listen, one hundred percent chance you are not

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Speaker 1: going to lose this house, okay, And she started crying.

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Speaker 1: I said, look, there's no possible way. I'm going to

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Speaker 1: walk you through. I know how to deal with the

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Speaker 1: mortgage company. We're going to put them on hold. We're

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Speaker 1: going to set them on the sidelines, and we're gonna

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Speaker 1: hook you up with some local churches and we're gonna

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Speaker 1: get you caught up.

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Speaker 3: Some people are gonna help you.

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Speaker 1: But I've got in the back of my head that

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Speaker 1: was what I was tempted to, but I'm not going

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Speaker 1: to because I don't violate that rule.

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Speaker 3: I never do it.

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Speaker 1: But what happened was another guy in the roofing business

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Speaker 1: in Murphysborough called us five minutes later and paid off

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Speaker 1: her house. Wow, you know, and so people do stuff.

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Speaker 1: But I didn't facilitate it. I didn't cause it. I

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Speaker 1: didn't put out a gofund me. I didn't talk about

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Speaker 1: it on the air. I just said, honey, you're gonna

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Speaker 1: be okay. We got this. You have too much equity

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Speaker 1: to lose this house. We're not gonna allow it to happen.

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Speaker 2: What do you do in a situation like that, When

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Speaker 2: you say, put the mortgage company on the side.

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Speaker 3: We can just they will.

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Speaker 1: They're required to do what's called a forebearance to attempt

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Speaker 1: a four barans to do a workout plan, and we

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Speaker 1: just know how to work the language with them, and

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Speaker 1: our coaches can get on the phone with them and

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Speaker 1: if she's four payments, fight behind. We can set up

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Speaker 1: double payments for eight months or something like that. We'll

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Speaker 1: help her get an extra job. Again, local church will

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Speaker 1: step in maybe catch her up anyway. In this case,

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Speaker 1: the guy just distinking thing off. Wow, that's wild. Yeah,

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Speaker 1: it's neat.

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Speaker 2: It has to make you feel good too about what

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Speaker 2: you're doing. I feel at times like I'm so separated

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Speaker 2: because you know, I've got four or five podcasts, we

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Speaker 2: got the radio show, but I'm in a room. I

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Speaker 2: don't get to like see people. When I tour, it

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Speaker 2: was awesome because I would get to see people. Yeah,

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Speaker 2: and I would actually get to see the humans, and

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Speaker 2: it would almost reinvigorate me because I know people are

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Speaker 2: listening and I can see the actions happening from things

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Speaker 2: I talk about. But at times that barrier is there.

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Speaker 3: Yep.

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Speaker 2: But it's really cool whenever you can do it and

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Speaker 2: know there are humans out there that will act yep.

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Speaker 1: Well, and you know the same point. We do a

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Speaker 1: lot of live events, and it's one of the reasons

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Speaker 1: we do live events is for us because it keeps

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Speaker 1: us in tune with the humans because again, you're sitting

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Speaker 1: on stage. Yeah, two three thousand people sitting there you

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Speaker 1: can judge quickly the room. You can feel the room

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Speaker 1: if you've been doing it a while, is to is

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Speaker 1: this material working? Am I connecting? Am I helping? All

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Speaker 1: the light bulbs coming on over their heads? Or are

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Speaker 1: they flipping me off in the back of their head?

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Speaker 1: And the body language and the tone and you feel

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Speaker 1: it in the air, what's happening in that room and

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Speaker 1: so you're you know, it's a way to proof text

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Speaker 1: the material, but it also it just invigorates us because

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Speaker 1: we get to see the humans and we go, yeah, dad, gum,

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Speaker 1: this is cool. And what's really cool these days is

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Speaker 1: with YouTube and podcast, I've got the youngest audience I've

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Speaker 1: ever had. So the nineteen year old kid that's valeting

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Speaker 1: my car at the steakhouse is like, here, Dave Ramsey,

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Speaker 1: you know, like, and that's never happened to me in

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Speaker 1: my whole career. But it's awesome. Which the poor guy

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Speaker 1: he automatically gets a huge tip, just because I'm so

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Speaker 1: thrilled that he's listening, you know, I mean, if you're

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Speaker 1: nineteen and you get the stuff we teach, you're going

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Speaker 1: to be so stinking rich.

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Speaker 2: Do you feel though, that you have to tip also

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Speaker 2: because that you don't want people saying Dave Ramsey didn't

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Speaker 2: tip me.

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Speaker 1: Oh absolutely, absolutely, yeah. Yeah when it's bad service, everybody

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Speaker 1: gets a tip. It doesn't matter. Yeah, way and a

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Speaker 1: good one. Yeah, because we don't I don't want to

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Speaker 1: be on one of those lists of people that stiffy

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Speaker 1: people and that stuff.

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Speaker 2: So when you started doing that radio show at one

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Speaker 2: radio station, look what was the goal from that.

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Speaker 1: To get leads to create The radio show itself as

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Speaker 1: a business did not make money for ten years, it

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Speaker 1: lost money, and so it was it was a lead

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Speaker 1: make We were gathering humans and they would come to

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Speaker 1: live events.

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Speaker 3: We made money on those.

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Speaker 1: Later on we had a class called Financial Peace University

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Speaker 1: that exploded.

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Speaker 3: And they would come to that and they'd buy.

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Speaker 1: Books, multiple best sellers over the years, and so it

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Speaker 1: turned you know, we were able to monetize the exposure

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Speaker 1: from a business perspective, but all of that ended up

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Speaker 1: being a brand mix. Actually that caused us to find

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Speaker 1: different ways to help people, because some people are more

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Speaker 1: helped in live events, some are more helped in a

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Speaker 1: classroom setting, Some are more helped by book sitting in

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Speaker 1: a corner, some are more helped just listing on the show,

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Speaker 1: those kinds of things. So we got all these different

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Speaker 1: ways we can get at you to get you the

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Speaker 1: information so you can change your life. And and so

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Speaker 1: it was all about serving them out there, but in

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Speaker 1: different ways.

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Speaker 2: My best friend who's also on my morning show, Eddie,

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Speaker 2: like he followed what you have taught for a long

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Speaker 2: time is like payoff your smallest first, because he was

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Speaker 2: like forty or fifty thousand dollars in debt at a

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Speaker 2: time when he didn't have that money. He says he

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Speaker 2: doesn't have it now and he does. He has four kids.

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Speaker 2: I don't think he has anything, but he like it's

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Speaker 2: older twenty did like he paid off the eighteen dollars

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Speaker 2: one forty two dollars and then it took him five

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Speaker 2: or six years and he was able to clear forty

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Speaker 2: thousand dollars in credit card debt. I feel a bit

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Speaker 2: that there should be a cap on credit card interest

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Speaker 2: rates coming from where I come from, where people they

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Speaker 2: don't have money, they don't have resources, they don't need.

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Speaker 2: I didn't know about money. I grab a credit card

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Speaker 2: and it was like nineteen percent. This sounds awesome. I

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Speaker 2: can actually buy stuff, clothes or food and the next thing,

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Speaker 2: you know, it's out of control.

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Speaker 3: Right.

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Speaker 2: How do you feel about interest rates on credit cards?

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Speaker 1: Well, probably the worst offender in that whole space would

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Speaker 1: be called the payday lender.

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Speaker 2: Yeah.

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Speaker 1: Those rates run four hundred to eight hundred percent. They

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Speaker 1: make a nineteen percent look and.

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Speaker 2: You can cash you too, Like if we used to

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Speaker 2: go into those and you the great thing about those

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Speaker 2: is you would actually get hard, hard money, yep, or

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Speaker 2: a credit card. You got credit and maybe you can,

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Speaker 2: you know, maybe not spend it all, but that cash

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Speaker 2: it goes quick because it's.

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Speaker 3: In your hand. Yeah, and oftentimes for the wrong things.

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Speaker 2: Yeah.

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Speaker 1: So and then you've got this ridiculous rate on this thing.

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Speaker 1: So some states have now limited or outload those the

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Speaker 1: payday lenders. I prefer to teach so many people how

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Speaker 1: not to get screwed that it puts the people screwing.

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Speaker 3: People out of business.

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Speaker 2: Just marketplace pressure, more so than regulate.

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Speaker 3: Yeah, more so.

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Speaker 1: Than regularly, because you know, there's always people are who

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Speaker 1: want to mess up, are always going to find a way.

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Speaker 3: I would find a way.

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Speaker 1: I'd find a way around whatever the regulation was to

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Speaker 1: find to get to get screwed. And so and the

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Speaker 1: people that are going to mess you over. They're going

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Speaker 1: to find a way around it some way or another.

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Speaker 1: And but but the credit card interest rates are horrendous.

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Speaker 1: They're ridiculous, and old fashioned word we would use is

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Speaker 1: called usurers. There used to be in the old days.

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Speaker 1: There were usury laws in a lot of the states,

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Speaker 1: like blue laws. You weren't allowed to open your business

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Speaker 1: on Sunday in some old days in the fifties and

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Speaker 1: the sixties, that kind of thing, And there were usury

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Speaker 1: laws you couldn't charge more than a certain amount. And

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Speaker 1: when credit cards first got on the scene in the

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Speaker 1: seventies and started really becoming a thing, there were some

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Speaker 1: states that the banks couldn't do business in because they

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Speaker 1: could not charge that rate. And that's probably not a

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Speaker 1: bad thing. But I would prefer to just make it

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Speaker 1: to where it's so uncomfortable that that you that everybody

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Speaker 1: stays away from it. And when they stay away from it,

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Speaker 1: then the people go out of business.

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Speaker 2: I'd like advice. So when I started buying anything, I

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Speaker 2: only ever paid cash because I was so afraid of

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Speaker 2: going in debt. Had no money, so I had nothing

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Speaker 2: but anything I had it was four hundred bucks for

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Speaker 2: old crappy Subaru. It was always cash. I don't owe

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Speaker 2: anything to anybody at all. Now even my house pay

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Speaker 2: cash for it. I've always been so scared of debt

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Speaker 2: because never had money, never wanted to owe at this point,

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Speaker 2: and is there a good debt that I should be

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Speaker 2: involved in because I have none? And that's great. But

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Speaker 2: am I costing myself money?

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Speaker 3: No?

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Speaker 1: The data says that you've done it the right way.

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Speaker 1: Everybody talks about that the sophisticated person will use debt

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Speaker 1: to their advantage, but we don't actually find that in

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Speaker 1: rich people.

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Speaker 3: What we find is they.

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Speaker 1: Get out of debt and stay out of debt because

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Speaker 1: your most powerful wealth building tool is your income, and

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Speaker 1: something happens to your income, especially in a world like

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Speaker 1: you and I are in where we're self employed and

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Speaker 1: self employed and in this bot like both. When I

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Speaker 1: don't have any debt, I don't have to think about

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Speaker 1: doing the right thing. I just do it and if

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Speaker 1: somebody doesn't like it, oh well. But if I have

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Speaker 1: to make a payment over here, then I got to

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00:19:17,320 --> 00:19:19,000
Speaker 1: think about that. And you take a guy in a

443
00:19:19,040 --> 00:19:22,760
Speaker 1: regular job, he'll put up a toxic job because you've

444
00:19:22,760 --> 00:19:26,440
Speaker 1: got to pay a stupid car payment. But if he

445
00:19:26,440 --> 00:19:29,040
Speaker 1: hadn't got a car payment, hadn't gained debt, then you know,

446
00:19:29,080 --> 00:19:30,679
Speaker 1: he just starts walking out the door, and though the

447
00:19:30,680 --> 00:19:32,200
Speaker 1: guy's yelling at him, where you going, he goes, I

448
00:19:32,240 --> 00:19:34,080
Speaker 1: don't even payments. So I put up with this, and

449
00:19:34,119 --> 00:19:36,520
Speaker 1: he'll go get a better job in a less toxic environment.

450
00:19:36,760 --> 00:19:38,520
Speaker 1: So those of us that are self employed end up

451
00:19:38,520 --> 00:19:44,960
Speaker 1: making more money because we're not our stomach's not in

452
00:19:45,040 --> 00:19:47,520
Speaker 1: knots trying to worry about paying a payment, and so

453
00:19:47,560 --> 00:19:49,760
Speaker 1: we can go do what's the next cool thing and

454
00:19:49,800 --> 00:19:52,520
Speaker 1: take a risk with cash, and we can do the

455
00:19:52,840 --> 00:19:56,119
Speaker 1: and we can stand up when we need to stand

456
00:19:56,200 --> 00:19:59,879
Speaker 1: up on something, and you know, whatever the consequences are,

457
00:19:59,880 --> 00:20:01,240
Speaker 1: that fine. But you're not gonna get my house, and

458
00:20:01,240 --> 00:20:02,640
Speaker 1: you're not gonna get my building, and you're not gonna

459
00:20:02,640 --> 00:20:05,560
Speaker 1: get my business because it's all free. Nobody's coming at me.

460
00:20:05,760 --> 00:20:07,600
Speaker 2: It sounds like a version of fu money, like no

461
00:20:07,720 --> 00:20:10,439
Speaker 2: debt exactly. It's kind of few money. It's like, I

462
00:20:10,440 --> 00:20:13,240
Speaker 2: don't believe in what you're saying, so f you and

463
00:20:13,280 --> 00:20:14,639
Speaker 2: you can do that a bit without debt. I do

464
00:20:14,680 --> 00:20:17,560
Speaker 2: feel like you said, I've been you prosper when you

465
00:20:17,600 --> 00:20:19,760
Speaker 2: do that. Yeah, I agree, and I feel better, so

466
00:20:19,800 --> 00:20:22,600
Speaker 2: then I perform better exactly, just generally speaking exactly, But

467
00:20:22,640 --> 00:20:24,239
Speaker 2: I do feel, like you said, I feel I've been

468
00:20:24,280 --> 00:20:27,439
Speaker 2: conditioned to think that since I'm not using debt to

469
00:20:27,440 --> 00:20:30,800
Speaker 2: my advantage, that I'm doing wrong and I'm making less

470
00:20:30,800 --> 00:20:31,280
Speaker 2: because of that.

471
00:20:31,400 --> 00:20:31,600
Speaker 3: Yeah.

472
00:20:31,600 --> 00:20:34,600
Speaker 1: The interesting thing though, the people that are teaching that

473
00:20:34,760 --> 00:20:37,000
Speaker 1: are not people that have money. They are people that

474
00:20:37,600 --> 00:20:42,199
Speaker 1: have studied finance and the college professor told them that.

475
00:20:42,880 --> 00:20:44,760
Speaker 1: But it's not you know, like, we did the largest

476
00:20:44,760 --> 00:20:47,359
Speaker 1: study of millionaires ever done, one hundred and sixty seven

477
00:20:47,359 --> 00:20:50,240
Speaker 1: of them. The number of them that said I borrowed

478
00:20:50,280 --> 00:20:54,960
Speaker 1: deeply in order to build wealth was very close to zero.

479
00:20:55,640 --> 00:20:59,080
Speaker 1: Out of ten thousand millionaires, almost none of them. The

480
00:20:59,200 --> 00:21:02,520
Speaker 1: data does not support that. It's quote unquote sophisticated and

481
00:21:02,560 --> 00:21:04,720
Speaker 1: the proper path to build wealth.

482
00:21:05,320 --> 00:21:08,000
Speaker 3: The people that have done the wealth building didn't do it.

483
00:21:08,440 --> 00:21:19,560
Speaker 4: Let's take a quick pause for a message from our sponsor. Wow,

484
00:21:19,920 --> 00:21:22,119
Speaker 4: and we're back on the Bobby Cast.

485
00:21:22,920 --> 00:21:27,200
Speaker 2: When someone's super rich, like like Jennifer Lopez, buys a

486
00:21:27,240 --> 00:21:29,800
Speaker 2: seventy million dollar house, do they get a mortgage on that?

487
00:21:29,840 --> 00:21:31,840
Speaker 2: For the most part, just generally speaking to really rich

488
00:21:31,840 --> 00:21:32,760
Speaker 2: people get mortgages.

489
00:21:34,280 --> 00:21:39,000
Speaker 1: Most of the billionaire types don't. Some of the celebrity

490
00:21:39,080 --> 00:21:43,480
Speaker 1: billionaire types would if they've got someone quote, I've got

491
00:21:43,480 --> 00:21:46,840
Speaker 1: me a man that's managing my money unquote, and some

492
00:21:46,960 --> 00:21:49,199
Speaker 1: characters giving them advice and all that. Some of those

493
00:21:49,240 --> 00:21:52,160
Speaker 1: people will take out a mortgage. But most of them

494
00:21:52,480 --> 00:21:56,879
Speaker 1: they're like, you know, I, you know, if you're at

495
00:21:56,920 --> 00:21:58,719
Speaker 1: the top of your game in the golf world, and

496
00:21:59,840 --> 00:22:02,639
Speaker 1: you know, you don't want to think about a mortgage

497
00:22:02,800 --> 00:22:04,000
Speaker 1: while you're standing over that putt.

498
00:22:04,800 --> 00:22:07,040
Speaker 3: You know that putt might be a million dollar putt.

499
00:22:07,440 --> 00:22:10,679
Speaker 2: The same you're talking about even earlier exactly. That's influencing

500
00:22:10,840 --> 00:22:11,399
Speaker 2: your brain.

501
00:22:11,600 --> 00:22:15,240
Speaker 1: And most of those guys understand that. You know that

502
00:22:15,560 --> 00:22:19,880
Speaker 1: I play ball differently, I stand over that putt differently,

503
00:22:19,960 --> 00:22:21,960
Speaker 1: I take a different record.

504
00:22:21,640 --> 00:22:22,879
Speaker 3: Deal or I don't.

505
00:22:23,080 --> 00:22:25,880
Speaker 1: And because I got this stupid thing hanging around out there,

506
00:22:26,280 --> 00:22:28,760
Speaker 1: and you get into the things, like you know, Ed

507
00:22:28,880 --> 00:22:34,040
Speaker 1: McMahon passed away bankrupt. You know, Johnny Carson's sidekick back

508
00:22:34,040 --> 00:22:35,639
Speaker 1: in the day, had one hundred and ten million dollars

509
00:22:35,640 --> 00:22:38,800
Speaker 1: in debt. And we spent a lot of time with

510
00:22:38,880 --> 00:22:41,840
Speaker 1: Pam and I have permission from her to say this,

511
00:22:42,080 --> 00:22:44,480
Speaker 1: so I wouldn't Otherwise I wouldn't have disclosed that. His wife,

512
00:22:44,560 --> 00:22:47,480
Speaker 1: Pam called me when Ed was on his deathbed and

513
00:22:48,040 --> 00:22:50,160
Speaker 1: I got to know her and we hung out. Our

514
00:22:50,320 --> 00:22:53,040
Speaker 1: coaches have coached her to try to bring their life

515
00:22:53,080 --> 00:22:54,080
Speaker 1: back around.

516
00:22:53,960 --> 00:22:57,040
Speaker 3: And uh, but they he did. He did that.

517
00:22:57,119 --> 00:23:01,520
Speaker 1: I mean, there's financial people in air quote giving him advice,

518
00:23:01,640 --> 00:23:05,080
Speaker 1: deeply in debt and one of the most famous guys

519
00:23:05,080 --> 00:23:10,200
Speaker 1: from the nineteen seventies, Johnny Carson sidekick no money.

520
00:23:10,640 --> 00:23:12,880
Speaker 2: A lot of athletes will go into debt, same thing.

521
00:23:13,840 --> 00:23:17,600
Speaker 2: And a lot of the athletes, even that I know,

522
00:23:17,800 --> 00:23:20,879
Speaker 2: didn't come from much. Therefore, when they get it, and

523
00:23:20,920 --> 00:23:23,919
Speaker 2: I think there's also an idea of well, if I'm

524
00:23:23,920 --> 00:23:25,199
Speaker 2: getting at this level now, I'm going to get at

525
00:23:25,240 --> 00:23:25,840
Speaker 2: this level forever.

526
00:23:26,080 --> 00:23:26,320
Speaker 3: Yep.

527
00:23:26,720 --> 00:23:29,000
Speaker 2: When you have a shelf life. But I know I

528
00:23:29,000 --> 00:23:31,600
Speaker 2: have a shelf life doing this as well. Now I

529
00:23:31,640 --> 00:23:34,000
Speaker 2: don't have to run, thank God, I'm using my brain,

530
00:23:34,040 --> 00:23:37,159
Speaker 2: not my body. But I also know that you know,

531
00:23:37,160 --> 00:23:40,000
Speaker 2: when the sun's out, get it yep, because the sun

532
00:23:40,040 --> 00:23:42,000
Speaker 2: ain't always going to be out. Man, How do these

533
00:23:42,040 --> 00:23:44,840
Speaker 2: athletes lose that money? Is it bad advice? No advice?

534
00:23:46,680 --> 00:23:49,399
Speaker 1: It's a little bit of everything. I do a lot

535
00:23:49,440 --> 00:23:51,879
Speaker 1: of NFL rookie camps, and I'm standing in front of

536
00:23:51,920 --> 00:23:54,320
Speaker 1: these kids, going, hey, NFL stands for not for long.

537
00:23:55,000 --> 00:23:57,760
Speaker 1: It's three point eight years average, Seventy eight percent of

538
00:23:57,760 --> 00:24:00,480
Speaker 1: you will leave the league physically disabled for life. The

539
00:24:00,520 --> 00:24:03,400
Speaker 1: divorce rates fourfold the national average. The bankruptcy rates ten

540
00:24:03,720 --> 00:24:07,120
Speaker 1: old the national average. So you generally don't come out

541
00:24:07,160 --> 00:24:10,560
Speaker 1: of the NFL well unless you unless you just decide,

542
00:24:10,600 --> 00:24:15,359
Speaker 1: I'm not gonna be a stereotypical athlete. Now, you know,

543
00:24:15,400 --> 00:24:17,800
Speaker 1: some of them are brilliant, and some of them come

544
00:24:17,840 --> 00:24:20,600
Speaker 1: from a background. You know, one kid, he was a

545
00:24:20,640 --> 00:24:23,639
Speaker 1: lineman that nobody ever knew his name, an offensive lineman,

546
00:24:23,680 --> 00:24:25,639
Speaker 1: which is generally some of the smartest people on the team.

547
00:24:25,720 --> 00:24:29,160
Speaker 1: But the uh, you know, he had an NBA from

548
00:24:29,160 --> 00:24:31,920
Speaker 1: Michigan and his mom was an obstetrician and his dad

549
00:24:31,960 --> 00:24:35,320
Speaker 1: was a lawyer. Well, this guy, you know, he he can't.

550
00:24:35,320 --> 00:24:37,199
Speaker 1: He didn't come out of the hood. He came out

551
00:24:37,280 --> 00:24:41,000
Speaker 1: of that situation. So he's got He grew up around money,

552
00:24:41,080 --> 00:24:44,159
Speaker 1: had some acumen about it, and you know, he banked

553
00:24:44,240 --> 00:24:46,359
Speaker 1: everything he made, paid cash for his house and he

554
00:24:46,400 --> 00:24:47,960
Speaker 1: came out of the He'll come out of the league

555
00:24:48,640 --> 00:24:51,879
Speaker 1: wounded physically, but with a lot of money. And I

556
00:24:51,920 --> 00:24:54,000
Speaker 1: know several of those guys, but we don't know their

557
00:24:54,080 --> 00:24:56,960
Speaker 1: names usually, but the ones that are really sad, It's

558
00:24:57,000 --> 00:24:58,919
Speaker 1: like I'm sitting on a stage and his kids.

559
00:24:58,680 --> 00:25:01,760
Speaker 3: Like, Dave, what do you do on the fifteenth?

560
00:25:01,800 --> 00:25:03,960
Speaker 1: I give my mom ten thousand bucks at the first

561
00:25:03,960 --> 00:25:05,399
Speaker 1: of the month, and she calls me on the fifteenth

562
00:25:05,400 --> 00:25:06,840
Speaker 1: and needs another ten thousand What do you do?

563
00:25:06,960 --> 00:25:07,760
Speaker 3: How do you tell your mama?

564
00:25:07,880 --> 00:25:07,960
Speaker 2: No?

565
00:25:08,440 --> 00:25:11,520
Speaker 1: I said, well, honey, your mom's got the same problem

566
00:25:11,520 --> 00:25:13,919
Speaker 1: you got. This isn't gonna last. And then what's she

567
00:25:14,000 --> 00:25:16,480
Speaker 1: gonna do? Because you can't do this for twenty years?

568
00:25:17,320 --> 00:25:19,760
Speaker 1: And so you guys are consuming this money, It's gonna

569
00:25:19,800 --> 00:25:21,920
Speaker 1: go away. So when need to get your mom into

570
00:25:21,960 --> 00:25:23,720
Speaker 1: financiation university. When you to get your mom on a

571
00:25:23,760 --> 00:25:26,199
Speaker 1: budget where she can take advantage of this. If you

572
00:25:26,200 --> 00:25:28,320
Speaker 1: want to help her, what you teach her to fish?

573
00:25:28,440 --> 00:25:31,080
Speaker 1: Not just give her fish? And the same thing for you. Well,

574
00:25:31,119 --> 00:25:34,400
Speaker 1: I mean he had six six cars and bought three

575
00:25:34,400 --> 00:25:36,879
Speaker 1: of his buddies a car and thought he was Elvis

576
00:25:36,880 --> 00:25:39,280
Speaker 1: Presley and all this stuff, and you know, in a

577
00:25:39,359 --> 00:25:40,680
Speaker 1: year and a half later is out of the league,

578
00:25:41,240 --> 00:25:43,240
Speaker 1: and you know, and it was a name that we

579
00:25:43,280 --> 00:25:46,760
Speaker 1: would all know if I said it, and so, but

580
00:25:46,800 --> 00:25:49,679
Speaker 1: it's just it's I guess it's just the background or

581
00:25:49,720 --> 00:25:57,360
Speaker 1: the acumen, and it's not there's no knowledge base at all.

582
00:25:57,920 --> 00:26:00,000
Speaker 1: And one of my buddies came out of that and he's,

583
00:26:00,119 --> 00:26:01,880
Speaker 1: you know, getting Dave, getting out of the hood's easier

584
00:26:01,880 --> 00:26:03,160
Speaker 1: and getting the hood out of you. Yeah.

585
00:26:03,160 --> 00:26:04,320
Speaker 2: I don't feel like it's all the way out of

586
00:26:04,359 --> 00:26:07,520
Speaker 2: me yet. I have such trauma from yeah that I

587
00:26:07,600 --> 00:26:10,080
Speaker 2: make decisions. Even my wife will have to say to me, hey,

588
00:26:10,640 --> 00:26:13,040
Speaker 2: you're reacting from trauma. There'll be certain things. I'm just like,

589
00:26:13,080 --> 00:26:16,919
Speaker 2: I don't, don't. She's like, you're, okay, be rational about this,

590
00:26:17,119 --> 00:26:18,960
Speaker 2: you know, be rational about this spend even if it's

591
00:26:18,960 --> 00:26:21,800
Speaker 2: a healthy spender, if it's something that's going to be positive.

592
00:26:22,760 --> 00:26:26,800
Speaker 2: I still my stomach still gets the knots well ours does.

593
00:26:26,680 --> 00:26:28,840
Speaker 1: Too, because of going broke. I mean, Sharon, my wife

594
00:26:28,960 --> 00:26:31,280
Speaker 1: is terrorized during that time.

595
00:26:31,320 --> 00:26:31,679
Speaker 3: I mean she.

596
00:26:32,119 --> 00:26:36,399
Speaker 1: It's like, and but what helps us is we we

597
00:26:36,560 --> 00:26:39,280
Speaker 1: measure it against our generosity if we're spending, and we

598
00:26:39,359 --> 00:26:43,240
Speaker 1: also just use the ratio model, And I mean we

599
00:26:43,359 --> 00:26:45,200
Speaker 1: look and say, okay, we're going to buy a car

600
00:26:45,280 --> 00:26:49,360
Speaker 1: that costs that that's more than I used to make

601
00:26:49,400 --> 00:26:49,800
Speaker 1: any year.

602
00:26:50,680 --> 00:26:52,040
Speaker 3: Now, how is that? Okay?

603
00:26:52,600 --> 00:26:56,600
Speaker 1: Well, it's a very small percentage of our world, and

604
00:26:56,680 --> 00:26:58,520
Speaker 1: we always ask ourselves the question, and it helps us

605
00:26:58,600 --> 00:27:01,600
Speaker 1: kind of process the trauma. Uh, okay, if we take

606
00:27:01,600 --> 00:27:03,720
Speaker 1: that much money right now in our current world, looking

607
00:27:03,720 --> 00:27:06,240
Speaker 1: at the math that we have today, and burn that

608
00:27:06,320 --> 00:27:09,400
Speaker 1: much in the middle of the floor, does it change

609
00:27:09,400 --> 00:27:12,400
Speaker 1: our life? If it does, it's probably too big a thing.

610
00:27:13,080 --> 00:27:15,600
Speaker 1: But if we're like, you know what, really wouldn't even

611
00:27:15,640 --> 00:27:17,560
Speaker 1: notice it. So we need to go on that trip.

612
00:27:18,040 --> 00:27:20,480
Speaker 1: We need to buy that car, we need to make

613
00:27:20,520 --> 00:27:25,719
Speaker 1: that gift, that that generosity piece, because once that money's gone,

614
00:27:26,200 --> 00:27:29,160
Speaker 1: it's okay, we don't we it's not a big enough

615
00:27:29,200 --> 00:27:32,960
Speaker 1: part of our life anymore that it matters. Mathematically, we're

616
00:27:33,000 --> 00:27:35,720
Speaker 1: not at risk, you know. But because the trauma is

617
00:27:36,320 --> 00:27:38,800
Speaker 1: your body is tightening up, telling you.

618
00:27:38,480 --> 00:27:40,480
Speaker 3: You're gonna die, You're gonna die, You're gonna die.

619
00:27:40,760 --> 00:27:43,679
Speaker 1: It's like, no, I'm not even gonna get a hangnail,

620
00:27:44,119 --> 00:27:45,560
Speaker 1: you know, And I have to I have to use

621
00:27:45,600 --> 00:27:48,080
Speaker 1: my mind. Doctor John Deloney's one of our team members.

622
00:27:48,080 --> 00:27:49,959
Speaker 1: He always says, when you look at when you're in trauma,

623
00:27:50,359 --> 00:27:53,760
Speaker 1: facts are your friends, and so what are the facts?

624
00:27:54,119 --> 00:27:57,440
Speaker 1: And that helps me process my momentary trauma in the

625
00:27:57,480 --> 00:27:57,960
Speaker 1: middle of that.

626
00:27:58,680 --> 00:28:03,240
Speaker 2: Yeah, mine is back in the park. Everything, everything, any

627
00:28:03,280 --> 00:28:06,080
Speaker 2: even me getting sick and missing a show leads to

628
00:28:07,400 --> 00:28:12,080
Speaker 2: streams or ratings going down, which leads to less revenue

629
00:28:12,080 --> 00:28:15,240
Speaker 2: coming in, which leads to no job, which leads to

630
00:28:15,440 --> 00:28:17,440
Speaker 2: no money, which leads to back in the trailer park

631
00:28:17,600 --> 00:28:20,879
Speaker 2: or back in whatever many apartments we lived in. Just

632
00:28:20,960 --> 00:28:21,159
Speaker 2: like that.

633
00:28:21,320 --> 00:28:25,040
Speaker 1: Yeah, And but you know, and I've known each other

634
00:28:25,080 --> 00:28:28,320
Speaker 1: long time. I've watched you process that. It's kind of

635
00:28:28,320 --> 00:28:30,879
Speaker 1: part of your story that you that you do process it,

636
00:28:30,960 --> 00:28:32,560
Speaker 1: and you process it in the open like we're doing

637
00:28:32,640 --> 00:28:35,439
Speaker 1: right now all the time. And what that's given you

638
00:28:35,480 --> 00:28:37,960
Speaker 1: the ability to do is as you're going down that chain,

639
00:28:38,720 --> 00:28:42,440
Speaker 1: at some point Bobby goes, that's not true. That's not

640
00:28:42,520 --> 00:28:45,440
Speaker 1: actually a fact, that's a feeling. And then you go,

641
00:28:45,800 --> 00:28:48,400
Speaker 1: h Okay, I can probably get off the crazy cycle here.

642
00:28:48,600 --> 00:28:51,240
Speaker 1: I can step off the crazy train because we're not

643
00:28:51,320 --> 00:28:54,440
Speaker 1: going back to the trailer park. I mean, there's it's

644
00:28:54,440 --> 00:28:57,000
Speaker 1: almost mathematically impossible for you to screw it up at

645
00:28:57,000 --> 00:28:57,480
Speaker 1: that level.

646
00:28:59,200 --> 00:28:59,600
Speaker 2: Almost.

647
00:29:00,360 --> 00:29:02,560
Speaker 1: I mean, it's really it really is. I mean me too,

648
00:29:02,720 --> 00:29:04,479
Speaker 1: me too. I'm not going back to anyock. I mean

649
00:29:04,480 --> 00:29:06,640
Speaker 1: it's almost mathematically impossible with this stage.

650
00:29:06,800 --> 00:29:09,960
Speaker 2: Do you keep cash on you always? I keep cash

651
00:29:09,960 --> 00:29:11,640
Speaker 2: on me too, for tipping for the most part. And

652
00:29:11,680 --> 00:29:13,080
Speaker 2: I do feel like I have to tip big because

653
00:29:13,080 --> 00:29:15,200
Speaker 2: I worked in businesses where I needed tip, And secondly,

654
00:29:15,200 --> 00:29:16,680
Speaker 2: I don't want end up on a freaking TikTok.

655
00:29:16,920 --> 00:29:19,760
Speaker 1: Yeah, yeah, I'm not as worried about the TikTok thing.

656
00:29:20,040 --> 00:29:23,240
Speaker 1: To me, it's a form of generosity and so and

657
00:29:24,120 --> 00:29:26,400
Speaker 1: and I've done most of those jobs too, and they're

658
00:29:26,400 --> 00:29:30,080
Speaker 1: hard jobs, and so I try to find unusual ways

659
00:29:30,120 --> 00:29:32,040
Speaker 1: to do that. And my wife is like, you just

660
00:29:32,080 --> 00:29:34,480
Speaker 1: give them way too much money. I'm like, he is

661
00:29:34,680 --> 00:29:38,880
Speaker 1: parking one hundred and forty thousand dollars car. I don't

662
00:29:38,920 --> 00:29:42,320
Speaker 1: need to give him five dollars. This is Ferris Bueller's

663
00:29:42,400 --> 00:29:44,600
Speaker 1: day out. I mean, come on, seriously, this is a

664
00:29:44,680 --> 00:29:46,520
Speaker 1: valet we need to love on a little bit here.

665
00:29:47,080 --> 00:29:47,600
Speaker 3: I agree.

666
00:29:47,640 --> 00:29:51,160
Speaker 2: We are cars bad investments. Yes, are they an investment

667
00:29:51,200 --> 00:29:51,480
Speaker 2: at all?

668
00:29:51,560 --> 00:29:53,600
Speaker 1: No, They're not investment. They're a consumption. Yeah, because they

669
00:29:53,600 --> 00:29:55,880
Speaker 1: go down in value like a rock. I mean, that's

670
00:29:55,880 --> 00:29:56,760
Speaker 1: where Chevy gets that.

671
00:29:56,800 --> 00:29:56,960
Speaker 3: You know.

672
00:29:57,000 --> 00:29:59,840
Speaker 1: It's just like they all go down in value, right,

673
00:30:00,160 --> 00:30:04,400
Speaker 1: and so but we consume them. And again boats, same thing.

674
00:30:04,440 --> 00:30:06,560
Speaker 1: I got boats, I got cars. All these things go

675
00:30:06,680 --> 00:30:09,200
Speaker 1: down in value. But as long as they're a small

676
00:30:09,240 --> 00:30:12,440
Speaker 1: percentage of your life, then they don't kill you. But

677
00:30:12,480 --> 00:30:13,880
Speaker 1: if you make fifty thousand dollars a year and you

678
00:30:13,920 --> 00:30:16,800
Speaker 1: have a seventy five thousand dollars car, you can't you

679
00:30:16,840 --> 00:30:19,960
Speaker 1: can't absorb that mathematically. It's going to take you to

680
00:30:19,960 --> 00:30:23,200
Speaker 1: your knees. And so you bought a car that's killing you.

681
00:30:23,520 --> 00:30:25,800
Speaker 1: And that's half my show. Sell the car, right.

682
00:30:26,320 --> 00:30:28,160
Speaker 2: Yeah, I do see a lot of clips, yeah, where

683
00:30:28,200 --> 00:30:29,960
Speaker 2: it's hey, sell the car, get it a piece of

684
00:30:29,960 --> 00:30:31,479
Speaker 2: crap and drive that for a while until you get

685
00:30:31,480 --> 00:30:32,400
Speaker 2: yourself back on your feet.

686
00:30:32,520 --> 00:30:33,080
Speaker 3: Yeah.

687
00:30:33,320 --> 00:30:35,400
Speaker 2: Repairs though, repairs on those pieces of the crap.

688
00:30:35,800 --> 00:30:37,400
Speaker 3: Nothing like the payments on the big ones.

689
00:30:38,000 --> 00:30:38,200
Speaker 2: Yeah.

690
00:30:38,240 --> 00:30:38,680
Speaker 3: I agree.

691
00:30:38,720 --> 00:30:40,320
Speaker 2: You feel like that's a lot of people though, that

692
00:30:40,400 --> 00:30:44,680
Speaker 2: their cars are number one flaw in their financial portfolio.

693
00:30:45,520 --> 00:30:49,080
Speaker 1: Yeah, it's a lot, and it's going way up in

694
00:30:49,120 --> 00:30:50,080
Speaker 1: like the last decade.

695
00:30:50,200 --> 00:30:50,880
Speaker 2: Why do you think that is.

696
00:30:51,000 --> 00:30:52,479
Speaker 1: It used to be like a five hundred dollars car

697
00:30:52,520 --> 00:30:54,800
Speaker 1: payment was the average. Now it's like eight hundred is

698
00:30:54,840 --> 00:30:56,880
Speaker 1: the average. And I get a lot of people calling

699
00:30:56,920 --> 00:31:00,320
Speaker 1: me with two twelve hundred dollars car payments, and you

700
00:31:00,360 --> 00:31:03,920
Speaker 1: know that's that's twenty five that's thirty thousand dollars a

701
00:31:03,960 --> 00:31:05,480
Speaker 1: year in car payments.

702
00:31:06,120 --> 00:31:07,760
Speaker 3: And you're and you make a hundred.

703
00:31:08,200 --> 00:31:11,320
Speaker 1: There's no way you can mathematically get on the other

704
00:31:11,360 --> 00:31:13,960
Speaker 1: side of that. Those stupid things are killing you. To

705
00:31:13,960 --> 00:31:16,120
Speaker 1: impress somebody to stop light, you will never meet.

706
00:31:16,680 --> 00:31:17,959
Speaker 2: I was gonna ask if it was all to keep

707
00:31:18,040 --> 00:31:18,680
Speaker 2: up with the Joneses.

708
00:31:18,920 --> 00:31:21,200
Speaker 1: Yeah, most of the time it is. Or for me,

709
00:31:21,200 --> 00:31:23,080
Speaker 1: I'm a redneck. It's a loud muffler, right, I mean,

710
00:31:23,120 --> 00:31:24,920
Speaker 1: come on, you do drive a big truck? Can I

711
00:31:24,920 --> 00:31:26,920
Speaker 1: say that? I can say you drive a big truck?

712
00:31:27,000 --> 00:31:27,160
Speaker 3: Yeah?

713
00:31:27,160 --> 00:31:28,920
Speaker 2: I do. I've got a Raptor R. Yeah, yeah, no,

714
00:31:29,280 --> 00:31:31,160
Speaker 2: it's big. It's cool. I can't drown that truck, guy,

715
00:31:31,160 --> 00:31:32,680
Speaker 2: I can't. I got an SUV for the first time,

716
00:31:32,800 --> 00:31:33,480
Speaker 2: all right.

717
00:31:33,800 --> 00:31:37,400
Speaker 3: Yeah, So what's your go to drive? What's your daily driver? Well?

718
00:31:37,440 --> 00:31:40,800
Speaker 2: I got two cars, one big shot out to Hundai

719
00:31:41,720 --> 00:31:43,920
Speaker 2: and then two, I have a Lamborghini suv.

720
00:31:44,520 --> 00:31:47,080
Speaker 3: Wow, very neat. That's a cool car.

721
00:31:47,200 --> 00:31:48,280
Speaker 2: I know nothing about cars.

722
00:31:48,400 --> 00:31:51,880
Speaker 1: That's a cool car, though, that car. And if people

723
00:31:51,920 --> 00:31:54,560
Speaker 1: look at me, that will go cart that sucker will go.

724
00:31:55,000 --> 00:31:55,800
Speaker 1: That's a quick boy.

725
00:31:56,360 --> 00:31:57,600
Speaker 2: Yes, it's loud too.

726
00:31:57,840 --> 00:31:58,040
Speaker 3: Yeah.

727
00:31:58,040 --> 00:32:00,719
Speaker 2: I just if I had more like understand of cars,

728
00:32:01,320 --> 00:32:03,440
Speaker 2: I think I would like it more. I just I'm

729
00:32:03,480 --> 00:32:06,920
Speaker 2: not a car guy. But my wife was like, hey,

730
00:32:06,920 --> 00:32:08,640
Speaker 2: you should get an suv. You keep hitting potholes and

731
00:32:08,680 --> 00:32:11,160
Speaker 2: cars I don't see very well either, And.

732
00:32:11,200 --> 00:32:14,800
Speaker 1: What's the what's your guilty pleasure that you do know

733
00:32:14,880 --> 00:32:15,520
Speaker 1: something about that?

734
00:32:15,560 --> 00:32:19,000
Speaker 3: You spend money on baseball cards? Oh cool, all right?

735
00:32:19,200 --> 00:32:24,200
Speaker 2: Like I've got some like vintage baseball tend to always

736
00:32:24,240 --> 00:32:27,600
Speaker 2: go up in value. New baseball tend to fluctuate. And

737
00:32:27,680 --> 00:32:31,880
Speaker 2: so that to me is fun and I treated as

738
00:32:31,920 --> 00:32:35,160
Speaker 2: fun hobby. Yeah, but I do go heavier into advantage

739
00:32:35,200 --> 00:32:38,520
Speaker 2: because I don't want the loss to be as much

740
00:32:38,760 --> 00:32:41,920
Speaker 2: as it could be if everything goes wrong. Like I've

741
00:32:41,920 --> 00:32:44,680
Speaker 2: got some old like Mickey Mantles and like, oh man, yeah,

742
00:32:44,720 --> 00:32:47,120
Speaker 2: and I've done it. It is fun to me. The

743
00:32:47,120 --> 00:32:49,600
Speaker 2: greatest part about having resources now is getting to do

744
00:32:49,680 --> 00:32:51,080
Speaker 2: all the things I didn't get to do as a kid,

745
00:32:51,320 --> 00:32:53,240
Speaker 2: which I don't get to buy baseball cards, and now

746
00:32:53,240 --> 00:32:54,480
Speaker 2: I just do it at a different level. But it

747
00:32:54,480 --> 00:32:56,280
Speaker 2: feels like what it would have felt like, I think

748
00:32:56,320 --> 00:32:58,960
Speaker 2: when I was twelve, getting to go and buy baseball

749
00:32:58,960 --> 00:33:00,160
Speaker 2: cards at the baseball card show up.

750
00:33:00,360 --> 00:33:02,520
Speaker 1: And you're doing it, you know, with a maturity level

751
00:33:02,560 --> 00:33:04,880
Speaker 1: and an intellect so that you're actually gonna make money

752
00:33:04,880 --> 00:33:05,080
Speaker 1: on it.

753
00:33:05,120 --> 00:33:06,040
Speaker 3: That's kind of cool too.

754
00:33:06,240 --> 00:33:07,719
Speaker 2: I have a guilt that sets in though if I

755
00:33:07,720 --> 00:33:10,560
Speaker 2: buy anything big, I have to give that amount, okay,

756
00:33:11,280 --> 00:33:14,760
Speaker 2: and I don't. The guilt is not that I give,

757
00:33:15,120 --> 00:33:17,080
Speaker 2: but I think I'm guilted to give. And I think

758
00:33:17,120 --> 00:33:21,000
Speaker 2: I we give a I think a fair good amount anyway,

759
00:33:22,000 --> 00:33:23,880
Speaker 2: But when I buy something that I feel like is

760
00:33:23,960 --> 00:33:27,800
Speaker 2: a bit extra, there's an extra little monster in there going, hey,

761
00:33:28,200 --> 00:33:30,160
Speaker 2: don't be don't be a jerk like you have. So

762
00:33:30,200 --> 00:33:32,200
Speaker 2: whatever you just bought, you need to also give to something.

763
00:33:32,680 --> 00:33:34,480
Speaker 2: Is that healthy? Mm hmm.

764
00:33:35,640 --> 00:33:38,360
Speaker 1: It's a good practice if you're doing it, if you're

765
00:33:38,480 --> 00:33:40,560
Speaker 1: just constantly guilt tripping yourself constantly.

766
00:33:40,520 --> 00:33:42,120
Speaker 2: Now the utility I get, and it's that.

767
00:33:42,120 --> 00:33:43,720
Speaker 1: Sounds that sounds thing, But I mean, you ought to

768
00:33:43,720 --> 00:33:45,520
Speaker 1: always be building your generosity muscle.

769
00:33:45,680 --> 00:33:46,640
Speaker 2: And we do that.

770
00:33:46,720 --> 00:33:48,640
Speaker 1: We do the same thing, but not from a guilt perspective.

771
00:33:48,640 --> 00:33:49,840
Speaker 1: We just say, all right, if we're going to spend

772
00:33:49,840 --> 00:33:53,200
Speaker 1: that on a car, are we doing good with our generosity?

773
00:33:53,440 --> 00:33:55,120
Speaker 3: Because if we're not, we probably are.

774
00:33:55,480 --> 00:33:58,560
Speaker 1: Now we're getting over here to self self selfish rather

775
00:33:58,560 --> 00:34:01,160
Speaker 1: than self liss And so you want to be bigger

776
00:34:01,160 --> 00:34:03,880
Speaker 1: on the generosity side because it's more fun and it's

777
00:34:03,920 --> 00:34:05,200
Speaker 1: more rewarding.

778
00:34:06,360 --> 00:34:07,640
Speaker 3: From a positive perspective.

779
00:34:07,760 --> 00:34:10,400
Speaker 1: But I don't ever want to guilt anybody into doing stuff.

780
00:34:10,440 --> 00:34:14,080
Speaker 2: I live completely guilt. It's this one big guilt blanket

781
00:34:14,120 --> 00:34:18,120
Speaker 2: wrapped over me. Like I do, I have guilt for

782
00:34:18,200 --> 00:34:20,880
Speaker 2: my success, But I also don't think my success happened

783
00:34:20,960 --> 00:34:25,200
Speaker 2: by any way other than just grit. Yeah, Like I

784
00:34:25,200 --> 00:34:28,680
Speaker 2: don't think that anybody handed me anything. No, so I

785
00:34:28,719 --> 00:34:31,399
Speaker 2: can rationally go, I shouldn't have this guilt, but man,

786
00:34:31,440 --> 00:34:32,200
Speaker 2: it's tough to shake.

787
00:34:32,520 --> 00:34:34,640
Speaker 1: Yeah, well you look at it and you go, is

788
00:34:34,719 --> 00:34:39,360
Speaker 1: anybody worth this? Probably not right, But we put ourselves

789
00:34:39,400 --> 00:34:42,279
Speaker 1: in a position that we scaled something. And so now

790
00:34:42,280 --> 00:34:46,280
Speaker 1: we've got this, and you know, our faith wall helps

791
00:34:46,360 --> 00:34:49,360
Speaker 1: us kind of navigate the emotions of that because we

792
00:34:49,440 --> 00:34:52,480
Speaker 1: just go, Okay, all of this we don't own. We're

793
00:34:52,480 --> 00:34:54,719
Speaker 1: managing it for God, all right, So Lord, what do

794
00:34:54,760 --> 00:34:57,680
Speaker 1: you want to do with your stuff? And he says,

795
00:34:58,719 --> 00:35:00,440
Speaker 1: I love my kids? You love your kid telling I

796
00:35:00,480 --> 00:35:02,040
Speaker 1: love my kids. You know how to give your kids

797
00:35:02,120 --> 00:35:04,640
Speaker 1: good things? Yeah, I give you some good things so

798
00:35:04,680 --> 00:35:07,319
Speaker 1: you can enjoy some of it, and you know, take

799
00:35:07,320 --> 00:35:10,239
Speaker 1: care of some of my hungry kids and don't give

800
00:35:10,239 --> 00:35:11,440
Speaker 1: it to some of my stupid kids.

801
00:35:12,000 --> 00:35:13,880
Speaker 3: And you know, and God's got real.

802
00:35:13,800 --> 00:35:16,839
Speaker 1: Specific things, and so that kind of feels like I'm

803
00:35:17,080 --> 00:35:18,680
Speaker 1: managing it for somebody else.

804
00:35:19,320 --> 00:35:21,360
Speaker 3: It's easy to give away other people's money.

805
00:35:23,000 --> 00:35:35,440
Speaker 5: The Bobby Cast will be right back. This is the

806
00:35:35,480 --> 00:35:36,200
Speaker 5: Bobby Cast.

807
00:35:36,880 --> 00:35:38,680
Speaker 2: I'm gonna ask you that question you asked me, Like,

808
00:35:38,719 --> 00:35:40,799
Speaker 2: what do you do with your money that you've made?

809
00:35:40,840 --> 00:35:41,360
Speaker 2: That's fun?

810
00:35:42,160 --> 00:35:45,520
Speaker 1: At this stage of our life right now, Sharon and

811
00:35:45,560 --> 00:35:49,440
Speaker 1: I I have stepped back. I'm only operating about twenty

812
00:35:49,440 --> 00:35:51,800
Speaker 1: percent of the business. My son we're in the succession

813
00:35:51,840 --> 00:35:55,040
Speaker 1: phase and my son Daniel runs the business eighty percent

814
00:35:55,080 --> 00:35:55,279
Speaker 1: of it.

815
00:35:55,560 --> 00:35:56,440
Speaker 3: So I'm still the CEO.

816
00:35:56,440 --> 00:35:58,160
Speaker 1: I'm still there and I'm still on the microphone, and

817
00:35:58,280 --> 00:36:01,399
Speaker 1: I won't quit being on the microphone stuff. But what

818
00:36:01,440 --> 00:36:03,319
Speaker 1: that's done is it's freed me up a bunch. And

819
00:36:03,360 --> 00:36:06,040
Speaker 1: so Sharon and I are doing like ridiculous.

820
00:36:05,360 --> 00:36:07,680
Speaker 2: Travel, like where's the coolest place you've been?

821
00:36:07,840 --> 00:36:09,920
Speaker 1: Just be like, you know, this summer we went to

822
00:36:10,320 --> 00:36:12,759
Speaker 1: Budapest for three days, in Vienna for three days, and

823
00:36:13,040 --> 00:36:15,279
Speaker 1: got a yacht and went up the coast of Croatia

824
00:36:15,560 --> 00:36:18,000
Speaker 1: for a week, just the two of us. We were

825
00:36:18,000 --> 00:36:20,279
Speaker 1: going we were going to for almost a month, and

826
00:36:20,760 --> 00:36:22,799
Speaker 1: it was a blast. We had so much fun and

827
00:36:23,320 --> 00:36:27,560
Speaker 1: beautiful everything and incredible food and and my mouth's watering,

828
00:36:27,600 --> 00:36:30,040
Speaker 1: and the wines and the whole bit, and so we

829
00:36:30,160 --> 00:36:33,840
Speaker 1: just get you know, just and again we those trips

830
00:36:33,880 --> 00:36:38,840
Speaker 1: are expensive compared to anything we used to do, but

831
00:36:39,360 --> 00:36:42,320
Speaker 1: they're a very very small percentage of our current world,

832
00:36:42,440 --> 00:36:47,520
Speaker 1: and so we don't feel irresponsible or unspiritual to enjoy

833
00:36:48,040 --> 00:36:52,239
Speaker 1: something occasionally like that. What's Budapest like, it's very neat,

834
00:36:52,520 --> 00:36:52,879
Speaker 1: very neat.

835
00:36:52,960 --> 00:36:54,480
Speaker 3: Vienna is very neat. They're both they're both three.

836
00:36:54,760 --> 00:36:55,560
Speaker 2: It's my favorite city.

837
00:36:56,560 --> 00:37:00,320
Speaker 1: Yeah, the I mean, Vienna's got this rich history and

838
00:37:00,400 --> 00:37:05,239
Speaker 1: the arts and the whole Germanic Germanic culture all the

839
00:37:05,280 --> 00:37:09,520
Speaker 1: way back Bavaria and so forth, and Budapest has very

840
00:37:09,920 --> 00:37:13,160
Speaker 1: got more of a communist flavor from the old communist block,

841
00:37:14,239 --> 00:37:17,040
Speaker 1: but still the I mean, they've got Michelin's Star restaurants

842
00:37:17,080 --> 00:37:19,760
Speaker 1: all over the streets on both of them. The people

843
00:37:19,800 --> 00:37:22,360
Speaker 1: are nice in both of them, and we loved the people.

844
00:37:22,480 --> 00:37:25,319
Speaker 1: The Croatian people we fell in love with too. Just

845
00:37:25,440 --> 00:37:30,239
Speaker 1: incredible folks, but just beauty and very safe. All three

846
00:37:30,239 --> 00:37:32,800
Speaker 1: places that I felt a lot safer there than I

847
00:37:32,840 --> 00:37:33,920
Speaker 1: do in a lot of US cities.

848
00:37:34,280 --> 00:37:36,920
Speaker 2: Yeah, that's been what's craziest to me. Vienna was cool

849
00:37:36,920 --> 00:37:38,520
Speaker 2: to me because it wasn't balmed, right, There's a lot

850
00:37:38,560 --> 00:37:42,200
Speaker 2: of that culture that lasted through World War two because

851
00:37:42,239 --> 00:37:45,279
Speaker 2: they didn't go and drop bombs on it. But yeah,

852
00:37:45,320 --> 00:37:47,640
Speaker 2: I think to me, traveling is something I never did

853
00:37:47,680 --> 00:37:49,319
Speaker 2: till I got older, because I never left the state

854
00:37:49,360 --> 00:37:52,040
Speaker 2: of Arkansas. Yeah, it was why would I Like, everything

855
00:37:52,040 --> 00:37:54,239
Speaker 2: I needed to survive was right close and it was

856
00:37:54,239 --> 00:37:56,040
Speaker 2: going to cost me money to go anywhere else. But

857
00:37:56,080 --> 00:37:59,200
Speaker 2: then once I started to travel, I think that was

858
00:37:59,239 --> 00:38:01,640
Speaker 2: great for like my outlook on life, to see other

859
00:38:01,719 --> 00:38:05,480
Speaker 2: people in far away places be actual humans, Like everything

860
00:38:05,560 --> 00:38:08,160
Speaker 2: is not within reach that matters there's things that matter

861
00:38:08,200 --> 00:38:10,400
Speaker 2: that we don't even get to see in our life.

862
00:38:10,280 --> 00:38:13,439
Speaker 1: Well, and it's really really hard to hate people once

863
00:38:13,480 --> 00:38:14,279
Speaker 1: you get to know them.

864
00:38:15,239 --> 00:38:17,880
Speaker 3: That's a good point. So any.

865
00:38:19,239 --> 00:38:23,840
Speaker 1: Stereotypes or prejudices you might have about a people group

866
00:38:23,920 --> 00:38:26,440
Speaker 1: or anything, just go hang out with them for a week.

867
00:38:26,800 --> 00:38:29,680
Speaker 1: You find just very seldom find a bunch of jerks.

868
00:38:29,880 --> 00:38:32,000
Speaker 1: I can't hardly name a country that's full of jerks.

869
00:38:32,120 --> 00:38:32,879
Speaker 1: There's hardly one.

870
00:38:33,280 --> 00:38:35,319
Speaker 2: It's to me, it was eye opening to talk to

871
00:38:35,320 --> 00:38:38,719
Speaker 2: people in other countries and they see America kind of

872
00:38:38,760 --> 00:38:43,400
Speaker 2: how I would see Mexico City, meaning guns everywhere, and

873
00:38:43,400 --> 00:38:45,400
Speaker 2: it's probably unfair. I've never been Mexico City, but I

874
00:38:45,440 --> 00:38:47,920
Speaker 2: just have what the television has showed me. But they're like, man,

875
00:38:47,920 --> 00:38:51,239
Speaker 2: everywhere you go, you guys are like guns unsafe, And

876
00:38:51,280 --> 00:38:53,920
Speaker 2: I'm like, ah, it's crazy that that's the association that

877
00:38:53,960 --> 00:38:55,640
Speaker 2: you guys have with us. I mean, it's not wrong,

878
00:38:56,719 --> 00:38:59,560
Speaker 2: because again, I feel much safer in places in Europe,

879
00:39:00,040 --> 00:39:02,239
Speaker 2: and I do if I'm in the middle of a

880
00:39:02,280 --> 00:39:05,000
Speaker 2: city here in the States. And so I think for

881
00:39:05,080 --> 00:39:06,839
Speaker 2: me that was a big part of it. And and

882
00:39:06,880 --> 00:39:09,480
Speaker 2: it's also like the loudest people of restaurants were always Americans.

883
00:39:09,800 --> 00:39:12,359
Speaker 3: Oh yeah, yeah, just.

884
00:39:12,360 --> 00:39:15,200
Speaker 2: The people that were just carrying on and loud, always

885
00:39:15,200 --> 00:39:15,720
Speaker 2: an American.

886
00:39:15,800 --> 00:39:20,360
Speaker 1: Yeah, and you're very seldom see and not always I

887
00:39:20,400 --> 00:39:22,680
Speaker 1: mean Americans are. There's a lot of good ones too,

888
00:39:23,440 --> 00:39:26,759
Speaker 1: but but yeah, I often look across the room and

889
00:39:26,800 --> 00:39:30,600
Speaker 1: some guy's ripping a waitress up and it's that gum American,

890
00:39:31,040 --> 00:39:33,520
Speaker 1: you know, instead of it's not doing it. There was

891
00:39:33,560 --> 00:39:35,800
Speaker 1: an Italian guy that was absolute but one of the

892
00:39:35,840 --> 00:39:38,799
Speaker 1: things we went to. But you know, but again that's all.

893
00:39:38,920 --> 00:39:41,719
Speaker 1: That's just every culture has got their share. But yeah,

894
00:39:41,760 --> 00:39:44,319
Speaker 1: it's Americans. I don't know what the deal is when

895
00:39:44,360 --> 00:39:48,799
Speaker 1: we're traveling, but anyway, yeah, it's I didn't get the

896
00:39:48,920 --> 00:39:51,879
Speaker 1: gun thing from the folks on on the I don't

897
00:39:51,920 --> 00:39:57,080
Speaker 1: get that much. What I what I do get often

898
00:39:57,760 --> 00:39:59,239
Speaker 1: and I come back very patriotic.

899
00:39:59,360 --> 00:40:01,080
Speaker 3: Is is they all don't want to be here? For sure?

900
00:40:01,120 --> 00:40:03,759
Speaker 2: Everybody wants to be an American. I say that in

901
00:40:03,800 --> 00:40:05,720
Speaker 2: the people that I've met look at America like, Wow,

902
00:40:05,800 --> 00:40:07,239
Speaker 2: look at all that you're able to do.

903
00:40:07,360 --> 00:40:08,360
Speaker 3: You can do anything you want to do.

904
00:40:08,480 --> 00:40:09,799
Speaker 2: Yeah that any time you want to do it too.

905
00:40:09,920 --> 00:40:12,000
Speaker 1: You walk into a grocery store all the shelves are

906
00:40:12,000 --> 00:40:15,640
Speaker 1: full of everything, sixty three kinds of mustard. I mean,

907
00:40:15,719 --> 00:40:17,799
Speaker 1: you don't have that in most communities.

908
00:40:17,880 --> 00:40:19,759
Speaker 2: They're blown away by Sam's Club. That was another thing.

909
00:40:20,120 --> 00:40:22,680
Speaker 2: They're like, wow, you can get stuff that big because

910
00:40:22,719 --> 00:40:24,800
Speaker 2: we would go, like my wife and I would go

911
00:40:24,840 --> 00:40:26,120
Speaker 2: to Italy and we would do these things. We go

912
00:40:26,160 --> 00:40:27,759
Speaker 2: to people's houses and they teach you how to cook,

913
00:40:28,280 --> 00:40:31,360
Speaker 2: like better than like a class in a restaurant. Oh yeah,

914
00:40:31,400 --> 00:40:34,279
Speaker 2: we would go and like a woman, a mom who

915
00:40:34,320 --> 00:40:36,719
Speaker 2: cooks for kids would offer these classes and so we

916
00:40:36,880 --> 00:40:38,440
Speaker 2: just my wife and I we would go in and

917
00:40:38,520 --> 00:40:41,960
Speaker 2: learn how to make the noodles. A lot of it's amazing,

918
00:40:42,000 --> 00:40:44,240
Speaker 2: but that's really where the experiences were the best, because

919
00:40:44,239 --> 00:40:46,879
Speaker 2: you can just talk to another person instead of having

920
00:40:46,920 --> 00:40:51,239
Speaker 2: seventeen people around, you know, managing a situation. And yeah,

921
00:40:51,280 --> 00:40:54,560
Speaker 2: I come back thinking everybody thinks America is so cool

922
00:40:54,600 --> 00:40:56,279
Speaker 2: because of what the ability of what we have, what

923
00:40:56,320 --> 00:40:58,680
Speaker 2: we can do. Yeah, it is not everywhere else.

924
00:41:00,239 --> 00:41:04,480
Speaker 1: And they're very polarized on politics. Our politics. They look

925
00:41:04,480 --> 00:41:06,839
Speaker 1: over here and just like we are in the whole thing,

926
00:41:06,840 --> 00:41:09,680
Speaker 1: and so it's interesting on that and some of the

927
00:41:09,920 --> 00:41:13,200
Speaker 1: perspectives are very very interesting do you ever think about

928
00:41:13,280 --> 00:41:14,600
Speaker 1: doing that politics?

929
00:41:14,640 --> 00:41:16,960
Speaker 2: Yeah? Have you gotten close?

930
00:41:17,200 --> 00:41:17,719
Speaker 3: No? Never.

931
00:41:18,080 --> 00:41:21,879
Speaker 1: I just don't feel I think I get a lot

932
00:41:21,920 --> 00:41:24,680
Speaker 1: more good done with what I do than any of

933
00:41:24,719 --> 00:41:27,319
Speaker 1: those people could ever do. I don't think I would

934
00:41:27,320 --> 00:41:30,920
Speaker 1: be as effective as a senator helping people as I am,

935
00:41:31,239 --> 00:41:33,200
Speaker 1: and this is what I'm called to do. So I'm

936
00:41:33,320 --> 00:41:35,960
Speaker 1: very comfortable in my skin and I just don't have

937
00:41:37,800 --> 00:41:45,520
Speaker 1: I detest a situation that's full of a lack of

938
00:41:45,560 --> 00:41:49,320
Speaker 1: authenticity and that's the definition of politics.

939
00:41:49,400 --> 00:41:53,919
Speaker 2: Yeah, that's it. There was a time five six years

940
00:41:53,920 --> 00:41:58,680
Speaker 2: ago that I was approached to see if I would

941
00:41:58,680 --> 00:42:02,600
Speaker 2: consider running for the governor of our can and it's

942
00:42:02,600 --> 00:42:06,000
Speaker 2: mostly just asking for money. That's what I was blown

943
00:42:06,000 --> 00:42:09,840
Speaker 2: away by. And my feeling now towards people in politics

944
00:42:09,880 --> 00:42:12,480
Speaker 2: is that I hope people do it for the right reason,

945
00:42:12,480 --> 00:42:15,840
Speaker 2: but a lot that's the new rock star because you

946
00:42:15,840 --> 00:42:17,880
Speaker 2: can get on the news, you can get on social media.

947
00:42:18,000 --> 00:42:21,000
Speaker 2: Just be the loudest, and it doesn't matter what state

948
00:42:21,239 --> 00:42:23,000
Speaker 2: or if you have a D or an R like,

949
00:42:23,080 --> 00:42:24,520
Speaker 2: just be the loudest and you're going to have some

950
00:42:24,560 --> 00:42:28,719
Speaker 2: notoriety Like it's gonna come. And I don't need that

951
00:42:28,800 --> 00:42:32,080
Speaker 2: because I already have that, like I can just yell

952
00:42:32,120 --> 00:42:34,479
Speaker 2: stuff and be put on social media with my job,

953
00:42:34,600 --> 00:42:36,319
Speaker 2: like I have a bit of a platform. So I

954
00:42:36,440 --> 00:42:38,040
Speaker 2: found one. I didn't just want to get on the

955
00:42:38,040 --> 00:42:40,680
Speaker 2: phone ask for money all the time. And I felt

956
00:42:40,719 --> 00:42:43,000
Speaker 2: like the same as you, I could do more for

957
00:42:43,040 --> 00:42:44,440
Speaker 2: the things that I cared about, because there's a only

958
00:42:44,520 --> 00:42:47,400
Speaker 2: like three issues that I upper tier care about, Like

959
00:42:47,440 --> 00:42:48,799
Speaker 2: there's a lot of things that I care about, but

960
00:42:48,840 --> 00:42:51,399
Speaker 2: food insecurity is such a massive one for me, again

961
00:42:51,480 --> 00:42:54,120
Speaker 2: just based off how I grew up. That doesn't resonate

962
00:42:54,480 --> 00:42:56,839
Speaker 2: when it's time to run for office. Because I would

963
00:42:56,880 --> 00:42:58,440
Speaker 2: talk and I would say, well, you know, here are

964
00:42:58,440 --> 00:43:00,640
Speaker 2: the things that I care about, and I would list

965
00:43:00,680 --> 00:43:02,319
Speaker 2: food and security is my number one to like, listen,

966
00:43:02,400 --> 00:43:04,520
Speaker 2: we'll get to that. And I'm like, no, no, you don't understand,

967
00:43:04,560 --> 00:43:06,240
Speaker 2: Like that's what I want to get to. There's a difference.

968
00:43:06,239 --> 00:43:07,880
Speaker 2: And we'll get to that and what I want to

969
00:43:07,880 --> 00:43:09,799
Speaker 2: get to and we're going to start with that. Yes,

970
00:43:10,040 --> 00:43:12,680
Speaker 2: And that wasn't that wasn't sexy, and that's not what

971
00:43:12,719 --> 00:43:16,759
Speaker 2: gets you elected. And so that's why for now, it's like,

972
00:43:16,760 --> 00:43:17,960
Speaker 2: you know, I don't think it's for me, but I

973
00:43:18,000 --> 00:43:19,680
Speaker 2: always want that about wondered that about you because you're

974
00:43:19,680 --> 00:43:23,160
Speaker 2: definitely so charismatic, and that's eighty percent of it.

975
00:43:23,480 --> 00:43:24,880
Speaker 3: Yeah, I guess it is.

976
00:43:24,960 --> 00:43:28,480
Speaker 1: I've got friends that are you know, are elected officials.

977
00:43:28,520 --> 00:43:31,319
Speaker 1: I'm but the last two governors are friends of mine,

978
00:43:32,120 --> 00:43:34,480
Speaker 1: and I think a lot of them are good men,

979
00:43:34,640 --> 00:43:37,760
Speaker 1: and you know, and a lot of our local senators

980
00:43:37,760 --> 00:43:39,640
Speaker 1: and congressmen are I consider them friends.

981
00:43:39,640 --> 00:43:41,120
Speaker 3: But I don't want to be in that world.

982
00:43:41,320 --> 00:43:42,920
Speaker 1: They even call me and like, would you come up

983
00:43:42,920 --> 00:43:45,399
Speaker 1: and testify about so and so about debt?

984
00:43:45,440 --> 00:43:48,359
Speaker 2: And I'm like, no, I feel too with them because

985
00:43:48,400 --> 00:43:49,680
Speaker 2: you talked earlier about.

986
00:43:49,440 --> 00:43:50,680
Speaker 3: They just want to use my name as all and

987
00:43:50,719 --> 00:43:51,759
Speaker 3: reads and they want me up there.

988
00:43:51,880 --> 00:43:54,279
Speaker 2: Having no debt is the ability to make decisions based

989
00:43:54,320 --> 00:43:55,960
Speaker 2: on where your heart takes you. And I feel like

990
00:43:56,040 --> 00:43:57,840
Speaker 2: when you're a politician, you can't do that. It's almost

991
00:43:57,880 --> 00:43:59,359
Speaker 2: like you have total debt to keep your job.

992
00:43:59,520 --> 00:43:59,759
Speaker 3: Yep.

993
00:44:00,560 --> 00:44:03,279
Speaker 1: Yeah, And it's just it's a yeah, you've got to

994
00:44:03,280 --> 00:44:06,000
Speaker 1: try to keep too many people happy. And I'd prefer

995
00:44:06,040 --> 00:44:08,640
Speaker 1: to just pick out if I want to very selectively

996
00:44:09,160 --> 00:44:11,799
Speaker 1: intentionally decide who I'm going to make mad.

997
00:44:14,760 --> 00:44:19,080
Speaker 2: There's a lot of advice out there now because social

998
00:44:19,120 --> 00:44:21,359
Speaker 2: media you have the ability to chase whatever you want.

999
00:44:21,400 --> 00:44:25,520
Speaker 2: There is a niche for everything, and it's awesome and awful,

1000
00:44:25,640 --> 00:44:28,160
Speaker 2: and there are no gatekeepers and that's awesome and awful.

1001
00:44:28,480 --> 00:44:31,920
Speaker 2: You know, it's a pendulum, right, it's anarchy. Yep. What's

1002
00:44:31,960 --> 00:44:33,960
Speaker 2: like common financial advice? That's wrong?

1003
00:44:35,960 --> 00:44:41,120
Speaker 1: Most everything on TikTok, Yeah, TikTok is like you know,

1004
00:44:41,280 --> 00:44:43,880
Speaker 1: in the years was that let me think it was

1005
00:44:44,640 --> 00:44:47,640
Speaker 1: in the eighties and even up into the nineties, there

1006
00:44:47,640 --> 00:44:51,440
Speaker 1: were these things on midnight on television on the cable

1007
00:44:51,480 --> 00:44:54,799
Speaker 1: TV at midnight infomercials and you would watch some guy

1008
00:44:54,880 --> 00:44:56,960
Speaker 1: sitting by the waves and he had done nothing down

1009
00:44:57,040 --> 00:44:59,720
Speaker 1: real estate and buy and sell real estate and flip

1010
00:44:59,760 --> 00:45:01,520
Speaker 1: this and all that kind of thing, and you could

1011
00:45:01,560 --> 00:45:04,359
Speaker 1: buy his tape set for three thousand dollars and learn

1012
00:45:04,400 --> 00:45:06,919
Speaker 1: how to get rich in real estate and those kinds

1013
00:45:06,920 --> 00:45:07,799
Speaker 1: of doing the stuff I.

1014
00:45:07,680 --> 00:45:08,960
Speaker 3: Did to get to go broke.

1015
00:45:09,000 --> 00:45:11,160
Speaker 1: You see exactly how you would do it.

1016
00:45:11,280 --> 00:45:12,680
Speaker 2: What about time shares are those that.

1017
00:45:13,080 --> 00:45:18,080
Speaker 1: It's the legalized fraud, but the uh, it's horrible.

1018
00:45:18,200 --> 00:45:19,319
Speaker 2: So there's no good to it.

1019
00:45:19,480 --> 00:45:23,000
Speaker 1: There's no good to timeshares. Timeshares are nasty and the whole.

1020
00:45:23,320 --> 00:45:26,640
Speaker 1: The people in the industry are unbelievably scummy. It is

1021
00:45:26,680 --> 00:45:31,880
Speaker 1: a nasty world. But anyway, the so that a lot

1022
00:45:31,880 --> 00:45:34,839
Speaker 1: of them flip this house stuff on TikTok is all

1023
00:45:34,840 --> 00:45:37,600
Speaker 1: over the place, or a lot of crypto stuff on

1024
00:45:37,680 --> 00:45:41,600
Speaker 1: TikTok a lot of so most of us kind of

1025
00:45:41,600 --> 00:45:44,399
Speaker 1: get rich quick vibe. It's like, you know, I'm looking

1026
00:45:44,400 --> 00:45:45,759
Speaker 1: at you're looking for an easy button. I got an

1027
00:45:45,760 --> 00:45:47,359
Speaker 1: easy button. I'll show you an easy button for thirty

1028
00:45:47,360 --> 00:45:49,880
Speaker 1: four hundred and twenty two dollars. If you follow my system,

1029
00:45:50,120 --> 00:45:53,319
Speaker 1: you can buy and sell stocks day trade stocks, which

1030
00:45:53,560 --> 00:45:56,480
Speaker 1: ninety seven percent of the people the day trade stocks lose.

1031
00:45:56,280 --> 00:45:58,439
Speaker 3: Money in a six months period of time. Really, isn't

1032
00:45:58,440 --> 00:45:58,960
Speaker 3: that crazy?

1033
00:45:59,160 --> 00:46:01,680
Speaker 2: That's exceptionally. I thought it would be more than fifty.

1034
00:46:01,440 --> 00:46:04,160
Speaker 1: For sure, But it's just like it's a one hundred

1035
00:46:04,160 --> 00:46:05,320
Speaker 1: percent chance of losing money.

1036
00:46:05,680 --> 00:46:06,360
Speaker 3: It's like nuts.

1037
00:46:06,520 --> 00:46:08,560
Speaker 1: I mean, you have a better shot at the roulette

1038
00:46:08,560 --> 00:46:13,680
Speaker 1: wheel mathematically, statistically, So it's crazy, and the difference is

1039
00:46:13,719 --> 00:46:15,600
Speaker 1: in the roulette wheel at least you know you're taking

1040
00:46:15,640 --> 00:46:18,239
Speaker 1: a chance. But on the day trading, they think they

1041
00:46:18,239 --> 00:46:20,680
Speaker 1: got the system. They bought the system off some gown TikTok,

1042
00:46:20,719 --> 00:46:23,759
Speaker 1: and he rented a jet and then filmed it like

1043
00:46:23,800 --> 00:46:26,160
Speaker 1: he owned the jet, and I got a jet, and

1044
00:46:26,640 --> 00:46:28,960
Speaker 1: yeah right, what you got is a bunch of crap.

1045
00:46:29,000 --> 00:46:32,120
Speaker 1: But how do you feel like crypto? I don't buy

1046
00:46:32,239 --> 00:46:36,520
Speaker 1: anything that is a commodity, and so I don't buy

1047
00:46:36,640 --> 00:46:40,719
Speaker 1: barrels of oil off of the commodities market. I don't

1048
00:46:40,719 --> 00:46:44,360
Speaker 1: buy gold, I don't buy soybeans. I don't buy the

1049
00:46:44,400 --> 00:46:48,720
Speaker 1: deutsch Mart or the Euro. Those are currencies, and crypto

1050
00:46:48,800 --> 00:46:51,040
Speaker 1: is a currency, and it's a commodity.

1051
00:46:51,040 --> 00:46:52,320
Speaker 3: And so I buy.

1052
00:46:52,120 --> 00:46:56,920
Speaker 1: Things that generate money, and that way I can actually

1053
00:46:56,920 --> 00:46:59,160
Speaker 1: place a value on them. And that would be like

1054
00:46:59,200 --> 00:47:01,880
Speaker 1: a company, an example that'd be buying a stock. I

1055
00:47:01,880 --> 00:47:04,319
Speaker 1: don't buy single stocks by my mutual funds. But a

1056
00:47:04,360 --> 00:47:07,799
Speaker 1: company that's home depot's making money. You can look at

1057
00:47:07,800 --> 00:47:11,120
Speaker 1: the numbers. It's actually producing something. It's not just a thing.

1058
00:47:11,520 --> 00:47:14,160
Speaker 1: A commodity is just a thing. And the only reason

1059
00:47:14,200 --> 00:47:18,040
Speaker 1: that a thing goes up in value is shortages or

1060
00:47:18,239 --> 00:47:22,680
Speaker 1: perceived shortages. Greed and fear drive the markets. And that's why, uh,

1061
00:47:22,719 --> 00:47:25,560
Speaker 1: that's why crypto. Crypto doesn't actually produce anything. It's just

1062
00:47:25,640 --> 00:47:29,040
Speaker 1: a currency. It's not a bad it's nothing necessarily evil

1063
00:47:29,080 --> 00:47:31,520
Speaker 1: about it. It's a very young currency, doesn't have a

1064
00:47:31,560 --> 00:47:33,840
Speaker 1: long track record, and the trucker that it does have

1065
00:47:33,920 --> 00:47:37,759
Speaker 1: is very volatile, so it's really scary. But all the

1066
00:47:37,800 --> 00:47:41,280
Speaker 1: cool kids are doing it, and so that's why everybody's

1067
00:47:41,280 --> 00:47:43,879
Speaker 1: in it. But I don't have anything, and I don't

1068
00:47:43,880 --> 00:47:45,760
Speaker 1: I want to put money in stuff like that, because

1069
00:47:45,840 --> 00:47:47,640
Speaker 1: you know, like we said earlier, kind of trauma.

1070
00:47:47,680 --> 00:47:50,160
Speaker 3: I don't. I don't like losing money. I don't like gambling.

1071
00:47:50,280 --> 00:47:51,360
Speaker 3: I don't. I don't play cards.

1072
00:47:51,920 --> 00:47:52,600
Speaker 2: You don't gamble on it.

1073
00:47:52,600 --> 00:47:54,480
Speaker 3: I don't don't damble them. I don't do anything.

1074
00:47:55,360 --> 00:47:58,120
Speaker 1: My wife will put some quarters in a slot machine

1075
00:47:58,200 --> 00:48:00,000
Speaker 1: or something like that, but a lot of my buddies

1076
00:48:00,040 --> 00:48:01,400
Speaker 1: play poker and stuff.

1077
00:48:01,440 --> 00:48:03,000
Speaker 3: I get zero joy out of that.

1078
00:48:03,080 --> 00:48:05,440
Speaker 1: It makes my stomach go up into my throat and

1079
00:48:05,600 --> 00:48:08,120
Speaker 1: it is not entertaining for me.

1080
00:48:08,280 --> 00:48:09,000
Speaker 3: It's not funny.

1081
00:48:09,200 --> 00:48:11,120
Speaker 1: It reminds me of trauma, and I go down that

1082
00:48:11,120 --> 00:48:12,960
Speaker 1: crazy cycle that we're talking about, and so I.

1083
00:48:13,239 --> 00:48:13,719
Speaker 3: Don't do it.

1084
00:48:13,719 --> 00:48:17,080
Speaker 1: I don't get joy out of losing money. I understand

1085
00:48:17,080 --> 00:48:19,520
Speaker 1: how people get a thrill out of the possibility of

1086
00:48:19,520 --> 00:48:22,360
Speaker 1: losing money. So, like Michael Jordan is known to do,

1087
00:48:22,440 --> 00:48:24,000
Speaker 1: you know, all that kind of stuff that he's got

1088
00:48:24,040 --> 00:48:24,640
Speaker 1: the money to do it.

1089
00:48:24,680 --> 00:48:25,840
Speaker 3: That's fine. I'm not mad at Michael.

1090
00:48:25,880 --> 00:48:27,920
Speaker 1: It's just I don't. It's not fun for me, so

1091
00:48:27,960 --> 00:48:30,200
Speaker 1: I don't. I don't do that, and Crypto's right in

1092
00:48:30,239 --> 00:48:33,640
Speaker 1: that bucket. It's the same thing. And so I don't

1093
00:48:33,640 --> 00:48:36,239
Speaker 1: get joy out of being a cool kid. I don't

1094
00:48:36,239 --> 00:48:39,000
Speaker 1: get joy out of being on the cutting edge and whatever.

1095
00:48:39,320 --> 00:48:41,480
Speaker 1: I just want to buy something that's boring and has

1096
00:48:41,520 --> 00:48:46,640
Speaker 1: always gone up in value, like vintage baseball cards versus

1097
00:48:46,920 --> 00:48:47,600
Speaker 1: brand new ones.

1098
00:48:48,640 --> 00:48:52,000
Speaker 2: What do you love that you don't really talk about

1099
00:48:52,040 --> 00:48:55,920
Speaker 2: much because everybody wants to hear you talk about money.

1100
00:48:56,160 --> 00:48:58,000
Speaker 1: I talk about anything I really want to. I don't

1101
00:48:58,040 --> 00:49:03,239
Speaker 1: really have any limitations. I really enjoy teach. We coach

1102
00:49:03,239 --> 00:49:07,040
Speaker 1: about ten thousand small businesses with our Entrede Leadership brand,

1103
00:49:07,120 --> 00:49:09,520
Speaker 1: and I do a podcast called Entree leadershiphe I'm answering

1104
00:49:09,600 --> 00:49:12,799
Speaker 1: questions for small business people, and leadership questions come up

1105
00:49:12,800 --> 00:49:16,040
Speaker 1: a lot, and running a business questions. And I have

1106
00:49:16,320 --> 00:49:19,359
Speaker 1: thoroughly enjoyed the business part of growing our business over

1107
00:49:19,360 --> 00:49:22,840
Speaker 1: the years and taking care of our team and loving

1108
00:49:22,840 --> 00:49:25,960
Speaker 1: our team well and the leadership leadership. So I do

1109
00:49:26,000 --> 00:49:28,920
Speaker 1: a lot of leadership conferences as a keynote speaker.

1110
00:49:29,680 --> 00:49:32,160
Speaker 3: Or yeah, I love it, I love you.

1111
00:49:33,200 --> 00:49:34,879
Speaker 2: You're still in then, so it's not to you. You're

1112
00:49:34,880 --> 00:49:37,040
Speaker 2: not just maintaining by doing what everybody expects of you.

1113
00:49:37,040 --> 00:49:38,680
Speaker 2: Because you do it well, you still love it.

1114
00:49:38,760 --> 00:49:42,120
Speaker 1: Yeah, I thoroughly love it because leadership the difference in that.

1115
00:49:42,280 --> 00:49:44,160
Speaker 1: And when I help somebody with their money, that's a

1116
00:49:44,239 --> 00:49:46,880
Speaker 1: one to one transaction. If I help a guy or

1117
00:49:46,960 --> 00:49:50,759
Speaker 1: gal be a better leader, that helps fifty people because

1118
00:49:50,760 --> 00:49:53,440
Speaker 1: he's leading the one hundred people that they're leading and

1119
00:49:53,480 --> 00:49:55,319
Speaker 1: they weren't doing as good a job and now they're

1120
00:49:55,360 --> 00:49:57,400
Speaker 1: doing a great job. So that's got to force multiplier

1121
00:49:57,440 --> 00:49:58,719
Speaker 1: to it. That's pretty cool.

1122
00:50:00,160 --> 00:50:04,440
Speaker 2: Leadership is interesting, especially when you have to lead multiple

1123
00:50:04,440 --> 00:50:05,759
Speaker 2: people with different personalities.

1124
00:50:05,840 --> 00:50:06,719
Speaker 3: Oh yeah, you know.

1125
00:50:06,800 --> 00:50:08,520
Speaker 2: I think one of the things because people in my

1126
00:50:08,640 --> 00:50:11,040
Speaker 2: industry and podcasting or radio will come to me and say, hey,

1127
00:50:11,040 --> 00:50:14,480
Speaker 2: how do you manage different personality than I say, differently. Yeah,

1128
00:50:14,560 --> 00:50:18,720
Speaker 2: I think there's not a one size fit all leadership method.

1129
00:50:18,840 --> 00:50:22,960
Speaker 2: Everybody must do this this way. I was going to ask,

1130
00:50:22,960 --> 00:50:23,680
Speaker 2: if you subscribe to.

1131
00:50:23,600 --> 00:50:25,520
Speaker 3: That same theory, I agree, agree, completely.

1132
00:50:26,360 --> 00:50:28,480
Speaker 1: Now, what you do have to have is some principles

1133
00:50:28,760 --> 00:50:32,799
Speaker 1: involved that apply to regardless of your personality. The principles are, well,

1134
00:50:32,840 --> 00:50:35,080
Speaker 1: you have to get our work done, hello on time.

1135
00:50:35,120 --> 00:50:38,840
Speaker 1: Good attitude principles are we have to and from the

1136
00:50:38,920 --> 00:50:44,480
Speaker 1: leadership position. Bosses push, leaders pull, and so regardless of

1137
00:50:44,480 --> 00:50:47,359
Speaker 1: personality style, my job is to sell them, to teach them. Hey,

1138
00:50:47,400 --> 00:50:49,080
Speaker 1: the train's going this way. The train's going to a

1139
00:50:49,080 --> 00:50:50,719
Speaker 1: shiny place. You want to be on the train. Here's

1140
00:50:50,719 --> 00:50:53,799
Speaker 1: the train. Get on the train instead of standing behind

1141
00:50:53,840 --> 00:50:57,399
Speaker 1: them with a whip. Because if your organization is being

1142
00:50:57,440 --> 00:51:00,239
Speaker 1: pushed rather than pulled, it's always moving at the be

1143
00:51:00,320 --> 00:51:03,480
Speaker 1: the slowest common denominator, and it grinds to a halt

1144
00:51:03,600 --> 00:51:06,400
Speaker 1: pretty quick because we're waiting on the do fists at

1145
00:51:06,440 --> 00:51:09,120
Speaker 1: the end that won't keep up, and we're you know

1146
00:51:09,320 --> 00:51:10,319
Speaker 1: that that doesn't work.

1147
00:51:10,600 --> 00:51:14,080
Speaker 2: I've always felt that hiring energy and attitude massive for

1148
00:51:14,239 --> 00:51:17,320
Speaker 2: me as far as like having successful hires that maybe

1149
00:51:17,360 --> 00:51:20,719
Speaker 2: they didn't know as much in a certain area as

1150
00:51:20,719 --> 00:51:22,680
Speaker 2: someone else that I was talking to. But it's so

1151
00:51:22,760 --> 00:51:25,160
Speaker 2: much easier to have to slow somebody down than to

1152
00:51:25,200 --> 00:51:26,360
Speaker 2: push them faster.

1153
00:51:27,000 --> 00:51:30,400
Speaker 1: Absolutely that in character. Yeah, yeah, I got to be

1154
00:51:30,640 --> 00:51:31,840
Speaker 1: a dependable human.

1155
00:51:31,640 --> 00:51:35,200
Speaker 2: Being on our show, The Morning Show. The hours are weird,

1156
00:51:35,800 --> 00:51:38,560
Speaker 2: still very hard. It sucks and forever, and I wrote

1157
00:51:38,560 --> 00:51:41,440
Speaker 2: about it my first book. If you were one minute late,

1158
00:51:41,480 --> 00:51:44,920
Speaker 2: you got sat home, And it wasn't because you had

1159
00:51:44,960 --> 00:51:47,040
Speaker 2: to be there at exactly that time. It was because

1160
00:51:47,560 --> 00:51:51,000
Speaker 2: everybody else got there before the deadline time.

1161
00:51:51,120 --> 00:51:51,359
Speaker 3: Yep.

1162
00:51:51,640 --> 00:51:54,680
Speaker 2: And by you not getting there, that shows that you

1163
00:51:54,800 --> 00:51:57,479
Speaker 2: feel like your time's a little more important than everybody else, yep.

1164
00:51:57,800 --> 00:52:00,239
Speaker 2: And that's that's when it starts to get toxic within

1165
00:52:00,280 --> 00:52:00,560
Speaker 2: the group.

1166
00:52:00,680 --> 00:52:03,440
Speaker 1: When I was in my twenties, I was very important,

1167
00:52:03,760 --> 00:52:06,640
Speaker 1: I thought, and I was going. I had ninety I

1168
00:52:06,640 --> 00:52:09,200
Speaker 1: was a plate spinner. I had plate spinning everywhere, all

1169
00:52:09,200 --> 00:52:12,080
Speaker 1: these different deals I was always doing, had deals, deals, deals, deals, deals, deals,

1170
00:52:12,160 --> 00:52:16,279
Speaker 1: and I was perpetually late for everything because I was

1171
00:52:16,280 --> 00:52:19,279
Speaker 1: so important and so I but I ended up going.

1172
00:52:19,320 --> 00:52:21,120
Speaker 1: I was sitting down with this guy that was going

1173
00:52:21,200 --> 00:52:23,240
Speaker 1: to do an investment in one of our real estate projects,

1174
00:52:23,280 --> 00:52:26,640
Speaker 1: and a very wealthy guy CEO, and I come in

1175
00:52:26,640 --> 00:52:28,000
Speaker 1: fifteen minutes late, and he goes, you're late.

1176
00:52:28,440 --> 00:52:29,920
Speaker 3: He said, yeah, I got all this going on.

1177
00:52:30,440 --> 00:52:32,680
Speaker 1: He goes, You're really important, aren't you, and I'm like,

1178
00:52:32,719 --> 00:52:35,080
Speaker 1: well that yeah, No, I don't mean no, but I

1179
00:52:35,080 --> 00:52:38,440
Speaker 1: mean he goes, no. You understand, when you come in

1180
00:52:38,480 --> 00:52:41,480
Speaker 1: here late, you are saying to me, I'm not as

1181
00:52:41,520 --> 00:52:45,000
Speaker 1: important as everything else you have going on. If you

1182
00:52:45,160 --> 00:52:48,080
Speaker 1: named a rock star or you named a world figure

1183
00:52:48,080 --> 00:52:49,880
Speaker 1: that you wanted to meet with, and you had a

1184
00:52:49,920 --> 00:52:52,759
Speaker 1: meeting with them, you would be early, regardless of how

1185
00:52:52,760 --> 00:52:54,560
Speaker 1: all the other things you had going on. But you're

1186
00:52:54,640 --> 00:52:56,520
Speaker 1: late to meet with me, and it says to me

1187
00:52:57,160 --> 00:53:00,719
Speaker 1: that I'm not important. That's arrogance. He just astized me.

1188
00:53:01,080 --> 00:53:02,719
Speaker 1: You know what, I don't think I've ever been late.

1189
00:53:02,719 --> 00:53:06,000
Speaker 1: After that one conversation, it hurt my feelings so bad.

1190
00:53:06,000 --> 00:53:08,640
Speaker 1: He was so right, and I said, this is arrogance.

1191
00:53:08,880 --> 00:53:11,120
Speaker 1: It is arrogance. It's exactly what it is. And so no,

1192
00:53:11,200 --> 00:53:14,480
Speaker 1: I train around Ramsey. We just say trains run on time.

1193
00:53:14,760 --> 00:53:17,160
Speaker 1: Trains run on time. And you know we're broadcasters too,

1194
00:53:17,200 --> 00:53:19,000
Speaker 1: so we're looking at the clock and you know you

1195
00:53:19,000 --> 00:53:20,840
Speaker 1: don't have to hit the clock. I was speaking at

1196
00:53:20,840 --> 00:53:23,319
Speaker 1: a church the other day and they have like four services,

1197
00:53:23,880 --> 00:53:25,799
Speaker 1: and so they got to get the parking lot turned over.

1198
00:53:25,880 --> 00:53:27,719
Speaker 1: They got it, and it's like he goes, guy goes,

1199
00:53:27,760 --> 00:53:30,160
Speaker 1: you got thirty four minutes, you don't have thirty five.

1200
00:53:31,760 --> 00:53:34,160
Speaker 1: Put the clock up, and I'm in at thirty three.

1201
00:53:34,640 --> 00:53:36,239
Speaker 1: Give him an extra minute to get the parking lote,

1202
00:53:36,239 --> 00:53:38,680
Speaker 1: you know. And he's like, nobody comes in early. And

1203
00:53:38,719 --> 00:53:41,200
Speaker 1: I'm like, yeah, well you said that number one, number two.

1204
00:53:41,239 --> 00:53:45,000
Speaker 1: It's how my brain works from thirty years after that

1205
00:53:45,080 --> 00:53:47,680
Speaker 1: conversation with that guy chastising me, I'm gonna be early.

1206
00:53:47,680 --> 00:53:48,560
Speaker 3: I'm going to hit the clock.

1207
00:53:49,320 --> 00:53:50,719
Speaker 2: I got like three more questions for you, and I

1208
00:53:50,719 --> 00:53:52,520
Speaker 2: want to go to Financial Peace University. Do you has

1209
00:53:52,520 --> 00:53:55,920
Speaker 2: that modified itself with as technology changes? Have you had

1210
00:53:55,960 --> 00:53:56,920
Speaker 2: to change elements of that?

1211
00:53:57,239 --> 00:53:58,160
Speaker 3: Absolutely? Yeah.

1212
00:53:58,200 --> 00:54:00,680
Speaker 1: And the church world has changed. It was largely in churches.

1213
00:54:01,000 --> 00:54:03,319
Speaker 1: Fifty thousand churches have had ten million people go through it.

1214
00:54:03,360 --> 00:54:07,000
Speaker 1: That's the size it was and it is. But the

1215
00:54:07,080 --> 00:54:10,440
Speaker 1: number of churches that meet during the week like a

1216
00:54:10,480 --> 00:54:12,959
Speaker 1: Tuesday night to do a marriage class or a money

1217
00:54:12,960 --> 00:54:13,799
Speaker 1: class almost zero.

1218
00:54:13,960 --> 00:54:15,440
Speaker 3: Now that has shifted.

1219
00:54:15,840 --> 00:54:17,960
Speaker 1: Pre COVID, it was already going down, but COVID just

1220
00:54:17,960 --> 00:54:21,040
Speaker 1: put a stake in it ended it. And so the

1221
00:54:21,040 --> 00:54:25,760
Speaker 1: way people do church has changed dramatically in the last decade.

1222
00:54:25,840 --> 00:54:28,399
Speaker 1: And that was you know, for better or for worse

1223
00:54:28,560 --> 00:54:31,840
Speaker 1: was our distribution method for that thing. So yeah, we

1224
00:54:31,920 --> 00:54:35,440
Speaker 1: went to digital. What is happening right now that is

1225
00:54:35,719 --> 00:54:41,239
Speaker 1: very exciting is we have woven the teaching pieces then

1226
00:54:41,360 --> 00:54:44,440
Speaker 1: do this, don't do this into the every Dollar app

1227
00:54:44,920 --> 00:54:48,040
Speaker 1: and so that as people are running their budgets, they're

1228
00:54:48,080 --> 00:54:51,239
Speaker 1: getting prompts of videos and we're teaching them the same

1229
00:54:51,320 --> 00:54:56,040
Speaker 1: material inside the thing in digitally. And the success rate

1230
00:54:56,080 --> 00:55:00,479
Speaker 1: of that is crazy good. It's probably better than when

1231
00:55:00,480 --> 00:55:04,640
Speaker 1: we're doing an analog. And it's just in the early stages,

1232
00:55:05,040 --> 00:55:07,520
Speaker 1: but all of our beta testing and stuff, we're going

1233
00:55:07,600 --> 00:55:10,520
Speaker 1: we're doing a release in about three weeks, the next

1234
00:55:10,640 --> 00:55:13,560
Speaker 1: version of every Dollar and it's but that's the methodology

1235
00:55:13,600 --> 00:55:15,760
Speaker 1: that we've shifted to to go to digital.

1236
00:55:15,680 --> 00:55:20,520
Speaker 2: With like Ramsey Plus because again that is so technological.

1237
00:55:20,560 --> 00:55:23,480
Speaker 2: And I find myself and I'm a forties starting to

1238
00:55:23,480 --> 00:55:26,480
Speaker 2: go like, whoa, I don't quite get that. Do you

1239
00:55:26,480 --> 00:55:28,840
Speaker 2: have do you have a whole younger like twenties and

1240
00:55:28,840 --> 00:55:30,640
Speaker 2: thirties that come in and go, hey, this is what

1241
00:55:30,680 --> 00:55:32,080
Speaker 2: we're gonna do and this is how it's consumed.

1242
00:55:32,320 --> 00:55:35,759
Speaker 1: Yeah, well, the yeah exactly, because who is it? I'm

1243
00:55:35,840 --> 00:55:39,600
Speaker 1: I'm my target audience is not me. I'm sixty five. Yeah,

1244
00:55:39,880 --> 00:55:42,640
Speaker 1: I'm not the focus group, not even close. And so

1245
00:55:42,800 --> 00:55:44,799
Speaker 1: the target audience is thirty four year old with two

1246
00:55:44,840 --> 00:55:47,960
Speaker 1: kids and got student loan debt, they got credit card debt,

1247
00:55:48,000 --> 00:55:51,040
Speaker 1: they got car payment, and they feel stuck. And the

1248
00:55:51,360 --> 00:55:53,480
Speaker 1: one thing they fight about most in their marriage is money.

1249
00:55:53,800 --> 00:55:56,640
Speaker 1: And so we've got the antidote for their life.

1250
00:55:56,680 --> 00:55:58,319
Speaker 3: We can fix it. We've just got to figure out

1251
00:55:58,360 --> 00:55:59,120
Speaker 3: way to inject it.

1252
00:55:59,480 --> 00:56:02,799
Speaker 1: And to your point, the gen zs and millennials are

1253
00:56:03,239 --> 00:56:07,359
Speaker 1: are two wonderful generations to have on your team. I've

1254
00:56:07,400 --> 00:56:09,840
Speaker 1: got about six hundred of them in those two generations

1255
00:56:09,880 --> 00:56:13,000
Speaker 1: working for us out of eleven hundred and maybe maybe

1256
00:56:13,000 --> 00:56:16,479
Speaker 1: seven hundred actually out of eleven hundred. But they they

1257
00:56:16,560 --> 00:56:20,600
Speaker 1: are abundance mentality because they grew up with this magic

1258
00:56:20,640 --> 00:56:23,080
Speaker 1: wand in their hand and they can just push a

1259
00:56:23,120 --> 00:56:25,719
Speaker 1: button and stuff shows up on their front porch, and

1260
00:56:26,040 --> 00:56:27,880
Speaker 1: so why couldn't I just push a button and fix this?

1261
00:56:28,920 --> 00:56:32,799
Speaker 1: And so they they believe almost anything's possible in the

1262
00:56:32,840 --> 00:56:35,200
Speaker 1: creation of a product, the delivery of product, or the

1263
00:56:35,200 --> 00:56:38,280
Speaker 1: effect of a product, a digital product. And so they're

1264
00:56:38,760 --> 00:56:41,759
Speaker 1: to have those people in a room with that mentality

1265
00:56:41,760 --> 00:56:43,839
Speaker 1: and that spirit. While you're building out something like this,

1266
00:56:44,600 --> 00:56:46,080
Speaker 1: you can't you can't do it if you don't have them,

1267
00:56:46,480 --> 00:56:48,600
Speaker 1: because it's native to their brain. It's not native to

1268
00:56:48,640 --> 00:56:51,319
Speaker 1: my brain. My brain's native to eight tract tapes. For

1269
00:56:51,360 --> 00:56:55,399
Speaker 1: God's sake, you know so the but I can catch

1270
00:56:55,480 --> 00:56:57,160
Speaker 1: up if I force my intellect to do it. But

1271
00:56:57,200 --> 00:57:00,799
Speaker 1: it's not my natural state. It's their natural date. The

1272
00:57:00,840 --> 00:57:04,160
Speaker 1: only downside they've got and the generation is because they've

1273
00:57:04,160 --> 00:57:08,040
Speaker 1: got this magic one. They have no patience. They want

1274
00:57:08,080 --> 00:57:10,440
Speaker 1: it right now. They want everything microwave, they don't want

1275
00:57:10,440 --> 00:57:13,840
Speaker 1: to crockpot anything, and so if something doesn't work in

1276
00:57:13,840 --> 00:57:15,960
Speaker 1: about twenty minutes, they want to change it immediately. No,

1277
00:57:16,560 --> 00:57:18,080
Speaker 1: let's just stick with it a minute, let's cook it

1278
00:57:18,080 --> 00:57:20,160
Speaker 1: a little bit. Probably it could tender up. I think

1279
00:57:20,200 --> 00:57:22,240
Speaker 1: it's going to be okay, let's not give up on

1280
00:57:22,360 --> 00:57:23,480
Speaker 1: everything so fast.

1281
00:57:24,040 --> 00:57:27,440
Speaker 3: But iterate, iterate, iterate, iterate. Yeah, well we're going to iterate.

1282
00:57:27,560 --> 00:57:29,720
Speaker 1: But you know so the old dog can drag them

1283
00:57:29,720 --> 00:57:32,840
Speaker 1: through that stuff, and you end up with this wonderful

1284
00:57:33,520 --> 00:57:34,560
Speaker 1: working situation.

1285
00:57:34,760 --> 00:57:36,400
Speaker 3: When you're creating products like that.

1286
00:57:36,320 --> 00:57:39,440
Speaker 2: When couples are fighting about money, does like Amazon purchases.

1287
00:57:39,480 --> 00:57:41,120
Speaker 2: Is that a big part of it. They're just like

1288
00:57:41,280 --> 00:57:43,120
Speaker 2: one of them's ordering a lot of stuff to the house.

1289
00:57:43,600 --> 00:57:46,760
Speaker 1: You know, generally it's they don't they're not working together,

1290
00:57:46,840 --> 00:57:49,000
Speaker 1: and there's not a lot of transparency. One of them

1291
00:57:49,080 --> 00:57:50,720
Speaker 1: is doing stuff the other one don't even know about.

1292
00:57:50,720 --> 00:57:53,200
Speaker 1: They're not necessarily hiding it. Sometimes they are. But it's

1293
00:57:53,240 --> 00:57:55,440
Speaker 1: like the wife is handling the money and she just

1294
00:57:55,480 --> 00:57:59,080
Speaker 1: gives her husband an allowance or vice versa, and then

1295
00:57:59,200 --> 00:58:00,960
Speaker 1: then all of a sudden look up and they go, well,

1296
00:58:01,000 --> 00:58:03,280
Speaker 1: I just I want a new car. Well, we don't

1297
00:58:03,320 --> 00:58:04,440
Speaker 1: mean money for a new car. We got all this

1298
00:58:04,480 --> 00:58:06,520
Speaker 1: credit card debt. Why we got credit card debt? Well,

1299
00:58:06,560 --> 00:58:08,960
Speaker 1: because you keep spending. Well, nobody said anything, and there

1300
00:58:09,000 --> 00:58:12,880
Speaker 1: was just this. It's disorganized, it's chaotic, and it's not

1301
00:58:13,440 --> 00:58:17,880
Speaker 1: a top down strategy for laying it all out together.

1302
00:58:18,120 --> 00:58:21,200
Speaker 1: We both agree to it, we both implement it, and

1303
00:58:21,280 --> 00:58:24,080
Speaker 1: there's tons of communication about our values while we do that,

1304
00:58:24,400 --> 00:58:26,080
Speaker 1: and that causes a couple to be knit.

1305
00:58:25,960 --> 00:58:27,080
Speaker 3: Together and unified.

1306
00:58:27,600 --> 00:58:29,880
Speaker 1: And the opposite of that is when you have all

1307
00:58:29,920 --> 00:58:33,400
Speaker 1: this chaos, disorganization and there's money flying everywhere, it's inefficient

1308
00:58:33,440 --> 00:58:37,480
Speaker 1: for the money piece but it's disastrous from the relationship standpoint.

1309
00:58:37,520 --> 00:58:42,040
Speaker 2: What about shared checking accounts on have.

1310
00:58:42,080 --> 00:58:47,680
Speaker 1: To Yeah, and again it's databased. Okay, this idea that

1311
00:58:47,720 --> 00:58:51,480
Speaker 1: you can have a roommate and be married to them

1312
00:58:51,800 --> 00:58:54,840
Speaker 1: and you have two separate lives and that causes success,

1313
00:58:55,120 --> 00:58:58,560
Speaker 1: there's no data to support that. Again, go back to

1314
00:58:58,560 --> 00:59:00,240
Speaker 1: the millionaire study we did with ten thousand and one.

1315
00:59:00,200 --> 00:59:01,440
Speaker 3: In sixty seven of them.

1316
00:59:01,600 --> 00:59:08,160
Speaker 1: Eighty nine percent said I worked very closely with high

1317
00:59:08,240 --> 00:59:11,840
Speaker 1: communication with my spouse to get here. When you interview

1318
00:59:11,920 --> 00:59:16,400
Speaker 1: the public, forty percent say that and they're broke, and

1319
00:59:16,480 --> 00:59:19,880
Speaker 1: so there's a there's causation and correlation right there. There's

1320
00:59:19,920 --> 00:59:24,440
Speaker 1: statistically that that data is solid, and so you know,

1321
00:59:24,840 --> 00:59:28,080
Speaker 1: the couples that work together have higher quality marriage, higher

1322
00:59:28,080 --> 00:59:31,960
Speaker 1: happiness factor when they're doing marriage surveys, higher likelihood of

1323
00:59:31,960 --> 00:59:36,520
Speaker 1: staying together, and a much more efficient use of the money.

1324
00:59:36,560 --> 00:59:39,800
Speaker 1: So you build wealth faster. It's very simple. Instead of

1325
00:59:39,840 --> 00:59:42,000
Speaker 1: I've got mine, you got yours, and you can't. You

1326
00:59:42,040 --> 00:59:44,520
Speaker 1: can't you pay your car payment. It's like, what do

1327
00:59:44,600 --> 00:59:48,080
Speaker 1: you This is not your college roommate, this is your wife.

1328
00:59:48,880 --> 00:59:51,520
Speaker 4: Let's take a quick pause for a message from our sponsor.

1329
01:00:00,360 --> 01:00:03,000
Speaker 4: And we're back on the Bobby Cast.

1330
01:00:03,440 --> 01:00:06,360
Speaker 2: One final question and when I was asking earlier if

1331
01:00:06,840 --> 01:00:10,320
Speaker 2: like things change, because things are changing your book, the

1332
01:00:10,360 --> 01:00:12,640
Speaker 2: Total Money Makeover, which I'm assuming it's sold so many

1333
01:00:12,680 --> 01:00:15,040
Speaker 2: because it's ever it feels ever green.

1334
01:00:15,120 --> 01:00:16,760
Speaker 3: It is, it's still on the bestseller list.

1335
01:00:17,400 --> 01:00:20,840
Speaker 2: But also are you having to expand it because new

1336
01:00:20,880 --> 01:00:22,240
Speaker 2: elements are introduced.

1337
01:00:22,840 --> 01:00:24,160
Speaker 3: No, it was principle based.

1338
01:00:24,200 --> 01:00:28,080
Speaker 1: It wasn't product based, and so they you know, live

1339
01:00:28,080 --> 01:00:30,880
Speaker 1: on less than you make, you don't need to expand

1340
01:00:30,880 --> 01:00:33,240
Speaker 1: that that doesn't change when the digital world takes over.

1341
01:00:33,320 --> 01:00:34,720
Speaker 1: You still got to live on listen you make so

1342
01:00:35,160 --> 01:00:37,760
Speaker 1: that you know, being on a written plan, a budget

1343
01:00:37,800 --> 01:00:39,280
Speaker 1: of some kind. Yeah, maybe you're doing it on an

1344
01:00:39,320 --> 01:00:41,959
Speaker 1: app versus a yellow pad, but you're still you still

1345
01:00:42,000 --> 01:00:44,160
Speaker 1: have to have a freaking plan and stay and stick

1346
01:00:44,200 --> 01:00:46,640
Speaker 1: to it. You don't get to Florida unless you have

1347
01:00:46,680 --> 01:00:49,280
Speaker 1: a map Hello, and so you don't just take off

1348
01:00:49,360 --> 01:00:54,360
Speaker 1: driving and hope you get there. So, uh, those everything

1349
01:00:54,360 --> 01:00:56,440
Speaker 1: in that book is so principled like that based on

1350
01:00:56,520 --> 01:00:58,720
Speaker 1: principles and they're they're evergreen. And that's why the book

1351
01:00:58,720 --> 01:01:00,760
Speaker 1: has been ever green. We've updated, we went back in

1352
01:01:00,760 --> 01:01:02,600
Speaker 1: and changed a few of the stories, updated the stats.

1353
01:01:02,960 --> 01:01:05,440
Speaker 1: I think we did a twenty year edition the other

1354
01:01:05,480 --> 01:01:06,919
Speaker 1: day or something anniversary edition.

1355
01:01:07,280 --> 01:01:08,960
Speaker 2: Yeah, because it's I saw that. That's why I asked.

1356
01:01:09,000 --> 01:01:12,439
Speaker 1: Yeah, it's like fifteen million copies or something.

1357
01:01:12,480 --> 01:01:13,720
Speaker 3: That's crazy. It's nuts.

1358
01:01:13,800 --> 01:01:15,440
Speaker 2: That book, to me, reminds me and I land on

1359
01:01:15,520 --> 01:01:18,280
Speaker 2: this of Dale Carnegie's book, which I've read many times,

1360
01:01:18,280 --> 01:01:20,840
Speaker 2: because fundamentally, even though that book was written one hundred

1361
01:01:20,840 --> 01:01:24,640
Speaker 2: plus years ago, that's all the same, like you want

1362
01:01:24,640 --> 01:01:26,920
Speaker 2: to win friends and get people to like you, be successful,

1363
01:01:27,240 --> 01:01:30,680
Speaker 2: like the same fundamentals. Some things have changed with technology

1364
01:01:30,760 --> 01:01:35,080
Speaker 2: with different abilities, different utilities, but it's the same. And

1365
01:01:35,120 --> 01:01:37,720
Speaker 2: I feel like that book is that exactly exactly.

1366
01:01:37,760 --> 01:01:41,400
Speaker 1: It's principles of relationships, how to win friends and influence people.

1367
01:01:41,760 --> 01:01:45,560
Speaker 1: And I sat next to a lady at the I

1368
01:01:45,600 --> 01:01:47,640
Speaker 1: was over at the ballpark watching my one of my

1369
01:01:47,640 --> 01:01:50,680
Speaker 1: grandkids play ball the other night, and this twenty two

1370
01:01:50,720 --> 01:01:51,960
Speaker 1: year old sitting there reading that book.

1371
01:01:52,520 --> 01:01:53,800
Speaker 2: You saw it. You just saw it randomly.

1372
01:01:53,960 --> 01:01:55,880
Speaker 1: Yeah, she's just sitting there in them stands reading that book.

1373
01:01:55,920 --> 01:01:58,280
Speaker 1: She's watching her her little brother or whatever it was

1374
01:01:58,320 --> 01:01:59,840
Speaker 1: out there, and she's reading that book. As I said,

1375
01:02:00,000 --> 01:02:02,200
Speaker 1: are you and twenty two, and I said, it's very

1376
01:02:02,200 --> 01:02:04,560
Speaker 1: cool that you're reading that. That book will change your life.

1377
01:02:04,640 --> 01:02:06,160
Speaker 1: And she's like, what, thank you?

1378
01:02:06,240 --> 01:02:07,720
Speaker 2: Did she know that? Was you saying that to her?

1379
01:02:08,040 --> 01:02:10,880
Speaker 2: I don't know, you never said, because I wrote that book.

1380
01:02:10,960 --> 01:02:13,040
Speaker 3: No, no, not mine, Dale Carnegie's.

1381
01:02:12,760 --> 01:02:13,840
Speaker 2: Oh I thought you were talking.

1382
01:02:13,720 --> 01:02:15,240
Speaker 3: Oh no, no, no, no, no no no.

1383
01:02:15,440 --> 01:02:17,880
Speaker 2: Did you think you was talking about his? No? O,

1384
01:02:17,960 --> 01:02:20,120
Speaker 2: I thought he was talking about his should have said

1385
01:02:20,160 --> 01:02:20,760
Speaker 2: I wrote that.

1386
01:02:21,080 --> 01:02:23,400
Speaker 1: No, my face would be on the front of that one. Yeah,

1387
01:02:23,400 --> 01:02:24,640
Speaker 1: that would be hard to get away from.

1388
01:02:24,640 --> 01:02:27,280
Speaker 2: But think about books now, is what's weird is I

1389
01:02:27,320 --> 01:02:31,760
Speaker 2: read everything digitally. I never remember titles of books because

1390
01:02:31,760 --> 01:02:33,640
Speaker 2: there's no book cover to look at every time. So

1391
01:02:33,680 --> 01:02:35,640
Speaker 2: when I pick up my iPad and I'm on page

1392
01:02:35,640 --> 01:02:38,280
Speaker 2: one seventy two, I don't see the cover again, and

1393
01:02:38,320 --> 01:02:40,040
Speaker 2: I just read the next page, and so someone will say,

1394
01:02:40,040 --> 01:02:42,000
Speaker 2: what are you reading? Oh, I don't remember the title

1395
01:02:42,000 --> 01:02:43,800
Speaker 2: of it. Let me go look at my bot books

1396
01:02:43,840 --> 01:02:44,680
Speaker 2: and see what it is.

1397
01:02:45,520 --> 01:02:47,360
Speaker 1: It's just a little yeah, I'll do that. I do

1398
01:02:47,440 --> 01:02:51,040
Speaker 1: that with fiction. I do it most of it digitally.

1399
01:02:53,120 --> 01:02:56,240
Speaker 1: I can't do audio books on fiction. It's not entertaining

1400
01:02:56,280 --> 01:02:56,480
Speaker 1: to me.

1401
01:02:56,720 --> 01:02:57,800
Speaker 2: I don't do audio books.

1402
01:02:58,160 --> 01:03:01,520
Speaker 1: I do them on some self improved things to podcast

1403
01:03:01,880 --> 01:03:04,280
Speaker 1: I just did. I had read the book hardcover.

1404
01:03:04,960 --> 01:03:05,280
Speaker 3: Uh.

1405
01:03:05,320 --> 01:03:06,960
Speaker 1: And the guy's a friend of mine, James Clear that

1406
01:03:07,000 --> 01:03:10,640
Speaker 1: did Atomic Habits Habits, and it's an evergreen. It's a perennial,

1407
01:03:10,680 --> 01:03:15,160
Speaker 1: perennial bestseller. But the uh, his audio book is better

1408
01:03:15,400 --> 01:03:18,320
Speaker 1: to me than the other. It's him reading it, and

1409
01:03:18,360 --> 01:03:20,120
Speaker 1: he did a great job with that. The book is amazing.

1410
01:03:20,120 --> 01:03:23,000
Speaker 1: He did a great job. But the uh, but yeah,

1411
01:03:23,040 --> 01:03:25,640
Speaker 1: that's stuff like that. I'll I'll hit the audio on

1412
01:03:25,720 --> 01:03:28,320
Speaker 1: it because it's the same I'm doing it at the

1413
01:03:28,320 --> 01:03:30,800
Speaker 1: same time I would consume a podcast, or I would

1414
01:03:30,800 --> 01:03:33,959
Speaker 1: consume something else, you know, like driving over here from

1415
01:03:33,960 --> 01:03:34,680
Speaker 1: my house this morning?

1416
01:03:34,760 --> 01:03:38,320
Speaker 3: What have I got on podcast? Right? And so? Or

1417
01:03:38,360 --> 01:03:41,000
Speaker 3: an audio book. That'd be the time frame that I would.

1418
01:03:40,760 --> 01:03:43,080
Speaker 2: Do it, all right, final final question, because you've mentioned

1419
01:03:43,120 --> 01:03:45,200
Speaker 2: these people that you're like your friends. Who's like the

1420
01:03:45,200 --> 01:03:48,640
Speaker 2: coolest friend you have that if you were to have

1421
01:03:48,720 --> 01:03:50,480
Speaker 2: told yourself thirty or forty years ago that you'd have

1422
01:03:50,560 --> 01:03:52,120
Speaker 2: this friend, it'd be like, Wow.

1423
01:03:51,920 --> 01:03:56,200
Speaker 1: That's a good question. I don't know, I would more.

1424
01:03:56,320 --> 01:03:58,240
Speaker 1: I don't know if there's a single person. It's more

1425
01:03:58,280 --> 01:04:01,920
Speaker 1: of like the same privilege you've had, And I think

1426
01:04:01,960 --> 01:04:04,400
Speaker 1: it is a privilege that I get to actually meet

1427
01:04:05,000 --> 01:04:07,720
Speaker 1: and hang out with this person and I like them.

1428
01:04:07,880 --> 01:04:09,880
Speaker 1: There's a whole bunch of those, you know, I mean,

1429
01:04:10,000 --> 01:04:13,120
Speaker 1: and lately it's been these podcasters are blowing up and

1430
01:04:13,160 --> 01:04:17,600
Speaker 1: moved to town. Yeah, so, like I mean, THEO Vaughn

1431
01:04:18,280 --> 01:04:20,440
Speaker 1: struck up a friendship with THEO. Who would think me

1432
01:04:20,480 --> 01:04:22,960
Speaker 1: and THEO would? I mean, that's that's two weird people

1433
01:04:22,960 --> 01:04:25,520
Speaker 1: hanging out together. But I love the guy and Sean

1434
01:04:25,600 --> 01:04:28,000
Speaker 1: Ryan the same thing, you know, same thing, love the

1435
01:04:28,040 --> 01:04:31,360
Speaker 1: guy and both right here in town, all within a

1436
01:04:31,400 --> 01:04:33,160
Speaker 1: stone stow of your house, right here in my house.

1437
01:04:33,600 --> 01:04:38,120
Speaker 1: And both young guys compared to me. But I you know,

1438
01:04:38,320 --> 01:04:40,240
Speaker 1: they're the cool kids right now, some of them, and

1439
01:04:40,960 --> 01:04:42,919
Speaker 1: to get to do those things, hang out with them

1440
01:04:43,120 --> 01:04:44,880
Speaker 1: and some of these other guys. I got to be

1441
01:04:45,000 --> 01:04:46,520
Speaker 1: on a bunch of podcasts in the last few year

1442
01:04:46,520 --> 01:04:47,280
Speaker 1: that were pretty neat.

1443
01:04:47,360 --> 01:04:48,520
Speaker 2: Now I watched on THEO is great.

1444
01:04:48,600 --> 01:04:53,560
Speaker 1: Yeah, he's he's he's like, he's very thoughtful. Uh like

1445
01:04:53,600 --> 01:04:56,160
Speaker 1: most comed most comedians that I know are brilliant people.

1446
01:04:56,160 --> 01:04:58,640
Speaker 1: They're very smart. Because it's hard to it's hard to do.

1447
01:04:58,880 --> 01:05:02,280
Speaker 1: Comedies are really tough thing and so but anyway, yeah,

1448
01:05:02,440 --> 01:05:04,280
Speaker 1: I just bucketed with that. And then I you know,

1449
01:05:04,280 --> 01:05:06,120
Speaker 1: all the country music people and all those people I've

1450
01:05:06,120 --> 01:05:08,360
Speaker 1: gotten to meet over the years. You have too and

1451
01:05:09,600 --> 01:05:11,400
Speaker 1: hang out with some of them. Smoked cigars, hang out

1452
01:05:11,440 --> 01:05:12,000
Speaker 1: that kind of stuff.

1453
01:05:12,000 --> 01:05:13,800
Speaker 3: I really like them. I just enjoy people.

1454
01:05:13,920 --> 01:05:17,760
Speaker 1: And but just the idea that Dave Ramsey from Antioch

1455
01:05:17,840 --> 01:05:20,120
Speaker 1: gets to hang out in a room with fill in

1456
01:05:20,160 --> 01:05:21,760
Speaker 1: the blank, I'm still blown.

1457
01:05:21,560 --> 01:05:22,280
Speaker 3: Away by that.

1458
01:05:22,280 --> 01:05:24,200
Speaker 2: That's how I feel. Because I mentioned before we started

1459
01:05:24,240 --> 01:05:25,760
Speaker 2: taping that John Fogerty was over here.

1460
01:05:25,920 --> 01:05:27,480
Speaker 3: Yeah, that's mind blowing right there.

1461
01:05:28,080 --> 01:05:29,480
Speaker 2: I got to tell my stepdad and that was his

1462
01:05:29,480 --> 01:05:31,680
Speaker 2: favorite band, and I was like, I had John Fogerty

1463
01:05:31,680 --> 01:05:33,520
Speaker 2: over and he was he doesn't care about anything I do.

1464
01:05:33,640 --> 01:05:35,280
Speaker 2: Not that he doesn't care in his heart, but he

1465
01:05:35,320 --> 01:05:39,160
Speaker 2: has no interest, right because he's still in Mountain Pine,

1466
01:05:39,240 --> 01:05:44,000
Speaker 2: Arkansas and only followed music or pop culture. And he's like,

1467
01:05:44,120 --> 01:05:46,520
Speaker 2: that's the coolest thing I've ever heard. That was cool

1468
01:05:46,560 --> 01:05:47,680
Speaker 2: to me. Have John Fogerty.

1469
01:05:47,800 --> 01:05:49,800
Speaker 3: Absolutely, that was cool to me when I heard it.

1470
01:05:49,840 --> 01:05:50,439
Speaker 3: That's very neat.

1471
01:05:50,480 --> 01:05:53,120
Speaker 2: Yeah, well it's it's great to see. I appreciate you brother,

1472
01:05:53,120 --> 01:05:54,640
Speaker 2: giving your time to come over and hang out.

1473
01:05:54,760 --> 01:05:55,600
Speaker 3: So proud of you guys.

1474
01:05:55,840 --> 01:05:58,960
Speaker 2: And to the girl that was reading your book, it

1475
01:05:59,040 --> 01:06:01,840
Speaker 2: wasn't so thought you were watching somebody read your book

1476
01:06:03,440 --> 01:06:06,000
Speaker 2: thought that and then you didn't say anything, and I

1477
01:06:06,040 --> 01:06:07,160
Speaker 2: was like, that doesn't sound like Dave.

1478
01:06:07,480 --> 01:06:09,320
Speaker 1: That would be an ego play from now on. Yeah,

1479
01:06:09,360 --> 01:06:10,960
Speaker 1: oh that's a really good book. Look at the guy

1480
01:06:11,000 --> 01:06:11,240
Speaker 1: on the.

1481
01:06:11,160 --> 01:06:17,200
Speaker 2: Front, Dave. Thank you so much, and uh yeah, one

1482
01:06:17,280 --> 01:06:20,440
Speaker 2: day we should go to dinner and like actually talk

1483
01:06:20,480 --> 01:06:22,000
Speaker 2: like humans. But I feel like your human talk is

1484
01:06:22,040 --> 01:06:23,440
Speaker 2: elevated above me because I tried to get you a

1485
01:06:23,480 --> 01:06:25,120
Speaker 2: human and you're like, no, my human thing is business.

1486
01:06:26,160 --> 01:06:28,080
Speaker 3: It's just leadership. No, I know.

1487
01:06:28,280 --> 01:06:29,439
Speaker 2: I don't think I could keep up.

1488
01:06:29,720 --> 01:06:34,560
Speaker 1: Awb Yeah, you keep playing that card. Keep playing that card,

1489
01:06:34,560 --> 01:06:36,400
Speaker 1: and the rest of your life it's going. It's working

1490
01:06:36,400 --> 01:06:38,960
Speaker 1: well for you to keep it up. And okay, hey yeah,

1491
01:06:39,040 --> 01:06:42,959
Speaker 1: and yeah, let's the four of us go get.

1492
01:06:42,640 --> 01:06:44,240
Speaker 3: A really nice dinner somewhere.

1493
01:06:44,920 --> 01:06:46,280
Speaker 2: Do you always have to pay when you go out?

1494
01:06:46,800 --> 01:06:48,760
Speaker 2: Do people expect cause people expect me to pay everywhere

1495
01:06:48,760 --> 01:06:50,800
Speaker 2: we go. And I'm yes, and I'm good with it

1496
01:06:50,880 --> 01:06:52,880
Speaker 2: because I feel like I have it, and but I

1497
01:06:52,880 --> 01:06:53,920
Speaker 2: wonder if that's with you.

1498
01:06:53,960 --> 01:06:55,840
Speaker 3: No, no, I mean our friends.

1499
01:06:56,200 --> 01:06:59,600
Speaker 1: We generally just everybody tossues my debit card and their

1500
01:06:59,640 --> 01:07:01,400
Speaker 1: credit cards in the middle of the table and the JUSTOK,

1501
01:07:01,400 --> 01:07:03,920
Speaker 1: whatever's on there, and we split it up. Really sometimes

1502
01:07:03,960 --> 01:07:06,200
Speaker 1: I'm a I'm a wine guy, and so sometimes I'll

1503
01:07:06,200 --> 01:07:08,680
Speaker 1: bring some good wine that they might not have, and

1504
01:07:08,720 --> 01:07:11,280
Speaker 1: that'd be like my extra thing. But but that's just

1505
01:07:11,280 --> 01:07:12,840
Speaker 1: because I selfishly want to drink that.

1506
01:07:13,080 --> 01:07:15,240
Speaker 2: What's the most expensive bottle of wine you've ever bought?

1507
01:07:15,640 --> 01:07:21,360
Speaker 3: I've ever bought five grand?

1508
01:07:21,440 --> 01:07:23,280
Speaker 2: Probably does it taste different? Oh?

1509
01:07:23,360 --> 01:07:26,480
Speaker 1: Yeah, yeah, I hang out with guys that drink twenty

1510
01:07:26,480 --> 01:07:30,680
Speaker 1: thousand dollars bottles, and yes, I'm learning, but I'm learning

1511
01:07:30,680 --> 01:07:33,320
Speaker 1: with these guys. But yeah, it's you.

1512
01:07:33,520 --> 01:07:34,680
Speaker 3: You.

1513
01:07:34,680 --> 01:07:36,720
Speaker 1: You practice a little bit, you can get used to it.

1514
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Speaker 2: Dave, thanks for the time, man, that's awesome.

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Speaker 3: Thank you, Bobby.

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Speaker 5: Thanks for listening to a Bobby Cast production.