The Megyn Kelly Show - Dave Ramsey on Capitalism, The Value of Working Hard, and Wealth Equality vs. Wealth Equity ｜ Ep. 82

00:00:00.540 Welcome to The Megyn Kelly Show, your home for open, honest, and provocative conversations.

00:00:12.020 Hey everyone, I'm Megyn Kelly. Welcome to The Megyn Kelly Show. Today, what a treat you are in for.

00:00:18.040 Dave Ramsey. There is a reason this is one of the most popular broadcasters in America. He's a great

00:00:23.240 talker, he's a great thinker, and he's got real life practical advice for you, for all of us,

00:00:29.020 for the country to dig yourself out of the hole you probably fell into this year financially,

00:00:33.900 one step at a time, and he'll walk you through it. And for the country at large, right? Like

00:00:38.160 the debt, the deficit, what on earth? So he's got some thoughts on that and the crazy spending we've

00:00:44.400 been doing, and just real life practical advice. I love Dave. He's always been good to me, and I had

00:00:50.500 him on my show a bunch while we were at Fox, and I just think he's like, he's sound. He's somebody

00:00:56.200 who's sound. He's like, got a foothold in real America. He lives down in Tennessee. He's got

00:01:00.540 a huge media conglomerate now underneath him. And because he's in touch with, I think, I'd still

00:01:07.080 call Tennessee the heartland. He makes sense, right? In a way that you kind of need to live 0.82

00:01:12.780 off the coastal regions to do. A present company accepted. Anyway, you'll hear from Dave in one

00:01:17.780 second, but first this. Mr. Ramsey. Hey, how are you? I'm good. How are you? I'm good. Good. Thank

00:01:31.720 you for doing this with me. How's life in Tennessee? It is absolutely good. Life is good. I'll bet

00:01:38.840 it is. I'll bet it's a totally different lifestyle than I have here in New York. I think about it all

00:01:44.380 the time. We have folks come in and visit from California and other states, and they're just

00:01:49.640 like, it's like they're on another planet or something. It takes them a little while to get

00:01:54.500 emotionally acclimated to everything being open and virtually maskless. I talked to my friend

00:01:59.800 Kathy Lee Gifford, who moved down there a couple years ago. She's just delighted to be there. She's

00:02:04.720 so happy. Yeah, she's a neighbor about four miles from where I'm sitting. Yeah, she lives about four

00:02:09.620 miles from where I am. Franklin? Yeah, that's where we live. Okay. It's where we're sitting. That's where our offices are.

00:02:14.380 One of these days, Dave, I'm going to get down there, and then I can get lured in at some,

00:02:18.940 I don't know, crazy estate that has helipads, according to Kathy Lee. I don't know what kind

00:02:23.720 of lifestyle she's leading. She does anything she wants. Yeah. Yeah. So Shapiro's guys all just

00:02:30.940 moved here too. Yeah, I know. I know they're like everybody. Honestly, Doug and I took a hard look at

00:02:35.980 it, but our moms are both still in the Northeast. All our friends are in the Northeast. So I was like,

00:02:40.340 our kids are little. For now, we got to be here. All right, let's talk money. Here's the first thing

00:02:46.160 I wanted to ask you about. By the time this airs, the COVID package will likely have passed.

00:02:51.240 Looks like it's going to be 1.9 trillion bucks, another round of stimulus. Those who want it say,

00:02:56.800 you got to do it because it's the government's fault. Most of these people were kicked out of

00:03:00.140 their jobs, and so it'd be unfair to just let them sit and suffer. What's your thought on it?

00:03:04.340 Well, it's, you know, what I've spent my entire life doing is helping people who were struggling

00:03:11.060 with money and or just trying to do better with money. And the problem is, is that personal finance

00:03:17.320 is 80% behavior, and our behaviors come from our beliefs. And the sad part for me is that people

00:03:27.600 are now believing that their government is actually helping them. And so they're going to their

00:03:33.880 government to solve their problems, and it doesn't really solve their problem. And so I got a lot

00:03:40.620 of criticism a few weeks back because I said, if $600 fixes your life, you didn't have one.

00:03:46.180 And that was a little cold, probably. But mathematically, it was a correct statement.

00:03:52.260 And because, you know, you know, you had other things that you needed to go fix. When you take

00:03:59.160 personal responsibility for your life, that's where abundance comes from. Abundance never comes

00:04:05.700 from the government. And so the idea that the government has actually helped someone

00:04:10.820 is, with $600 or $1,400, is mathematically laughable. Did it pay a month's rent? Sure.

00:04:18.740 Or did it help a little bit? Yeah, it did. But the problem is, is that the emotional weight that

00:04:24.700 people put on this in their personal lives was, it's as if everything's going to be okay now.

00:04:29.480 And it's not. Everything's going to be okay when you get up and you leave the cave and you kill

00:04:33.320 something and you drag it home. Okay. Well, what about the people who have been,

00:04:37.560 I generally agree with you that I don't look to government as our problem, as our solution to

00:04:42.520 our problem. I see it generally as the problem itself. But in this particular instance, they caused

00:04:48.400 the problem, right? Like they told people, like my old guest, Lindsey Graham, a woman from the 1.00

00:04:52.920 Pacific Northwest, you got to shut down your seven hair salons and tanning salons and gyms.

00:04:57.500 And she spent her lifetime building up this business. She actually wound up in an act of

00:05:01.380 civil disobedience opening up anyway, but then got slapped with a bunch of fines, blah, blah, blah.

00:05:05.580 But you know, isn't this a different scenario because the government caused the problem for

00:05:11.020 people who were working? I completely don't disagree. But when we send her $1,400,

00:05:16.820 when she lost hundreds of thousands of dollars, mathematically, that's laughable. And act like

00:05:25.560 you did something. You didn't do anything. When you send someone that lost hundreds of thousands

00:05:31.200 of dollars, or let's just say you made $60,000 a year and you've been unemployed for one year

00:05:36.560 because of this. You lost $60,000. Not $1,600 or $1,400 or $600. $60,000. And for the government

00:05:48.360 to stand up and, you know, this island of misfit toys called Congress and thump their chest and act 0.73

00:05:52.880 like they saved America with this is freaking laughable, mathematically. And the problem is not 0.52

00:06:01.340 from that standpoint. The problem is just that people then become this idea that the government's

00:06:07.000 going to save the day. And they change their behaviors based on that instead of going where

00:06:12.380 abundance can actually be found. So what's, I mean, I'm sure you've been dealing with this on your show.

00:06:18.480 What do people do who have been, who have lost their jobs through no fault of their own this past year?

00:06:24.380 The government interfered in an unprecedented way. They couldn't pay their bills. And now let's say,

00:06:30.460 you know, New York, for example, where the restaurant industry is, they've done their

00:06:34.440 level best to kill it entirely. That's like the lifeblood of New York City. Right? So what are

00:06:38.720 they supposed to like, or, or take, take one of the actors who can't work on Broadway, right? They

00:06:42.760 get cast in their dream role. They're not going to open up Broadway. They're not going to open up

00:06:46.480 Broadway. God knows when they're going to do it. So like, what is that person supposed to do?

00:06:50.680 It's, it's a horrible scenario because, you know, you lost your job, you lost your livelihood and it's,

00:06:57.700 and you can't go back to that location. And it has not re, if you go back, it's not reopened

00:07:02.640 in that location. And so it's much like a natural disaster. Like when Katrina hit New Orleans a few

00:07:09.440 years ago, what were those people to do? Their businesses were completely wiped out. Many of

00:07:16.040 them did not have hurricane insurance, did not have, or they had hurricane insurance, they didn't have flood

00:07:20.900 insurance. And the flood surge is what took them out. So they literally completely lost everything.

00:07:26.660 And you know what ended up happening? A whole bunch of them moved out of New Orleans permanently.

00:07:31.540 And there have been Cajun restaurants pop up all over America ever since Katrina due to this diaspora, 1.00

00:07:37.660 this, this shift in population and where it lives because they couldn't make a living there. In the

00:07:44.380 thirties, we had a dust bowl and the number of people that moved off the cotton farm in Arkansas

00:07:51.300 or in Oklahoma to Detroit to make cars because that's what they had to do to eat. Uh, and they've

00:08:01.120 never gone back. They've never gone back. John Grisham's old book, the painted house is a fictional

00:08:06.260 account of that. Uh, but there's always been a, a, you know, when there is a disaster and you cannot do

00:08:14.100 what you did before in the same locale, there's always been people that had to move. And it's sad.

00:08:20.640 I don't wish that for anybody. It's horrible. Uh, but there's not going to be a magic fairy dust

00:08:26.640 from the government unless they decide that they're going to reopen the freaking economy in some of

00:08:31.320 these areas that, that is going to allow these people to get their livelihoods back in that locale.

00:08:36.300 And it may be, they changed careers completely, but I'm not going to sit in New York city and starve

00:08:42.140 to death as an actor waiting on someone else to fix my life. I've got to go do something else at

00:08:49.380 least for temporarily. So I'm going to be in Kansas city serving steaks somewhere, right? Uh, where

00:08:55.340 they're open, uh, until this blows by, or it might be that it permanently changes my life.

00:09:02.200 So you can be ticked off. You can be resentful that the government has put you in this position,

00:09:07.160 but you got to do something. You got like that. You, you have to use that emotion to fuel behavior

00:09:12.960 on your part and not just bitterness. Yeah. Because from a very practical standpoint,

00:09:17.580 not just philosophically and not just politically, but from a practical standpoint,

00:09:21.860 they're not coming to help you. Yep. Their best help was they sent you a check of around $1,000,

00:09:30.820 which in Manhattan will last about 26 minutes. Right. But what about, what about the unemployment

00:09:37.800 hike? Because, you know, Biden now is, he raised it from an extra 300 to an extra 400. And now they

00:09:44.640 say, as a result of that, 62% of the recipients of this unemployment are going to be making more

00:09:49.360 unemployed than they would if they were working there. They're being helped by the government.

00:09:54.360 I'm not sure. I'm sure. I'm not sure it's a net good for society. Yeah. Or are they,

00:09:58.640 I mean, 15 years from now, is that the best thing that could have happened to them

00:10:03.900 is sitting on their tail, collecting a government check because they make more that way than they

00:10:08.620 used to make at their real job. That tells us that their real job, they needed some career

00:10:12.980 adjustment. I mean, if I'm making minimum wage, I'm going to go do something else. That's not enough

00:10:19.220 to eat. I've got to change it. These are personal responsibility decisions though. And the problem is

00:10:25.140 when the government with economic moves like this or moves of, uh, that are symbolic in nature,

00:10:31.680 because the math is laughable, cause people to not go be them, bet the best version of themselves.

00:10:38.720 That hurts that person 15 years from today. Now, 15 days from today, they're a little better off.

00:10:44.940 I'm not arguing that at all, but it did not really fix their life. And I'm concerned about loving that

00:10:51.440 person well. And, and, and this, the lies that are spread with this mythology is just hurtful to

00:10:58.020 people. You know, I think about it sometimes, um, I thought about before I launched this show and I've

00:11:04.060 thought about it with respect to others. Now, when you build a podcast and, and thankfully our show has

00:11:09.600 done very well. So it's been a nice surprise, but it's, it tends to be slow going. You know, it's not

00:11:14.620 like when you you're given the 9 PM show on Fox news and you inherit 3 million viewers from O'Reilly

00:11:19.280 and your goal is just to hold on to as many as possible and then build, which we did.

00:11:23.540 But when you're starting a podcast, you're starting from zero, you know, you don't,

00:11:26.860 you don't start with any subscribers. So my philosophy was, I said it to my husband,

00:11:31.880 Doug, and I said it to my team, just keep rowing. You know, we're just going to keep rowing.

00:11:36.580 And it's, it's turned out to be something I think about a lot when I see people struggling out there,

00:11:41.180 like forward motion, just keep rowing, whatever you have to do, keep rowing. You know,

00:11:45.800 when you stop rowing, bad things happen. Yeah. The number of people that I've talked

00:11:50.600 to this, that have gotten out of debt on my show that do their debt free scream on the Dave Ramsey

00:11:55.580 show, um, that their income went up during the pandemic is almost every one of them.

00:12:04.200 They call in and yell. Now, why did their income go up? Well, they, you know, they delivered Uber

00:12:08.900 eats. They drove, drove and delivered pizzas. They, uh, you know, they lost their job over here

00:12:14.600 on the left hand, but on the right hand, they picked up four other jobs and, um, you know,

00:12:20.680 they made more money than they've ever made in their life. Now they've worked harder and it's been

00:12:24.360 really freaking scary, but they went and took control of their own destiny and abundance instead of

00:12:32.060 waiting on a $400 check. Hmm. I remember when I was, um, I was graduating from college about to go

00:12:40.180 off to law school. I couldn't find a job. This is back in 1992. So the economy wasn't so good. And I

00:12:45.740 actually took a job. I had to wear a little like cheerleading uniform and, and serve meals.

00:12:53.520 It's a long story, but I didn't wind up actually having to do the job. I got a better waitressing job,

00:12:58.680 which I took, but I, I was ready to do it, Dave. I was going to serve food in a cheerleading uniform

00:13:02.640 to get the bills paid. I realized people have had to humble themselves worse than that,

00:13:07.320 but your point is well taken. It's like, it may not be your dream job. It may not be something you

00:13:12.100 even feel very dignified doing, but work is dignified. Well, and again, it's temporary and it is the long

00:13:19.140 term answer. You took that waitressing job, but you're not, I'm not talking to you all these years

00:13:25.260 later and you're still doing it. Right. It was, it was a, it was a short-term stop gap until I could

00:13:32.320 move up and do the next best thing. And then the next best thing. And then the next best thing.

00:13:37.540 And that's called a career path that is not called government subsidies.

00:13:43.980 Think about it sometimes with my kids, you know, if they immediately foist their problem off onto me,

00:13:49.900 you know, like, I don't get it. And they just want you to explain it or like, I can't find it.

00:13:53.960 And I want you to do the looking. That's the stuff that irritates me way more than

00:13:58.020 being a grump or being not nice to your brother or sister. It's like apathy or unwillingness to

00:14:04.340 work for something. That's a problem. Like that's, that's a character trait that we need to work on.

00:14:11.200 Well, and it, it's called being a great parent because you love your kids is why that aggravates

00:14:17.020 you because you can see that that character trait projected into the future, that the 37 year old

00:14:23.840 version of them is really got problems. If they don't take the initiative to walk out the door and

00:14:30.940 solve a problem, to walk out the door and get something done, to bust into something when in

00:14:35.800 doubt, as you said, row. Yep. I, I'm going to confess to you that numbers scare me. And when people

00:14:43.820 start talking about the debt and the deficit, that scares me too. I understand that deficit. This is

00:14:49.220 my, this is my lay person's explanation. That's how much we've gone over budget on an annual basis as

00:14:55.820 a country. And debt is the big number that we've spent beyond what we've, what we owe. And that's

00:15:03.320 my understanding. So what I'm being told now by the congressional budget offices, our debt is of

00:15:10.040 course, getting out of control, that our debt is going to rise this year to $22.5 trillion,

00:15:15.620 which now for the second year in a row is over 100% of the country's GDP. So our gross domestic

00:15:22.480 product, our work output is lower than our debt. How have I accurately summarized these issues and how

00:15:32.460 bad is that? Well, it's not as bad as many of us feel like it is in our emotions. Uh, I mean, I remember

00:15:41.120 a book bankruptcy, 1984 that came out, you know, didn't happen. And that was Peter Grace of the grace

00:15:50.200 commission working for Ronald Reagan. Uh, and they ascertained that the hockey stick debt was going to drain

00:15:56.320 the economy, that the interest being paid on the debt was going to crash the economy in 1984. Didn't happen.

00:16:01.780 There's lots of books predicting the end of the economy based on the weight of the debt. Um, and

00:16:09.540 so we can argue about that. I made myself a promise. I'm the older I get, I'm not going to be the

00:16:13.960 financial guy that writes a book on the end of the world. I'm just not going to be that guy because

00:16:17.160 all my, a lot of my peers have, and I'm just not, I'm even if I feel like it's going to end, I'm not

00:16:21.780 writing the book. So I don't think that's what's happening here, but it is still, you know, that what is of

00:16:27.540 concern is that there doesn't seem to be any end to it. They have no, there is no indication of any

00:16:34.640 coming austerity or discipline or ever anyone having the political capital to ever look at the

00:16:42.680 voter base and say the word, no, they just continue to write checks. And it's almost as if they don't

00:16:50.700 think it's real money. And the concern is, is that there's no curbing of it. There's no appetite to

00:16:56.260 even discuss it. And that is more scary than the actual debt, because with that attitude, you could

00:17:03.720 double this in three years.

00:17:05.900 And the other piece of it that concerns me is, you know, you've got, you've got right now,

00:17:11.240 Joe Biden reinstating a bunch of regulations and cracking down on energy and sort of reversing

00:17:17.300 a lot of these Trump policies that we were told by the experts got the economy moving. Now,

00:17:21.640 I don't know whether that's true or not, but that was the conventional wisdom over on the Republican

00:17:25.180 side. And I, so I see these numbers rising and I see these sort of the big government thumb coming

00:17:31.100 down. And I think, where's that going to take us?

00:17:34.460 Yeah. Well, Art Laffer, who was on the, in the Reagan administration and also wrote a lot of,

00:17:39.660 helped write a lot of the tax bills for Trump, uh, is definitely a free market, low tax guy.

00:17:44.420 If there ever was one, you know, Dr. Laffer, he's a friend of mine lives here in town with us.

00:17:48.500 Um, and yet he, he was a huge fan of Bill Clinton economically. And because that's the last time we

00:17:55.560 balanced the budget, by the way, was the Clinton administration. And, uh, the, but how do you

00:18:00.300 balance a budget? Well, you do two things, just like you do in your home, you cut spending and you

00:18:04.880 raise income. The income during the Clinton administration was up dramatically because the

00:18:10.460 economy was booming, thus incomes were up, thus the income tax collected was up. So the income

00:18:18.800 coming into the IRS during the Clinton administration was an, at an unprecedented high because of a

00:18:25.080 booming economy. And that's how partially how that the budget was actually balanced. Also, there was

00:18:30.660 actually a little bit of restraint, a little bit of discipline in both parties to actually curb

00:18:37.160 spending somewhat. Um, and so, you know, a booming economy is part of the formula to raise taxes,

00:18:44.860 actual dollars paid in taxes, not percentages. Right. And well, I, I mean, I don't know what

00:18:52.720 to expect under Biden. He says he's going to roll back the Trump tax cuts. And so we're going to get

00:18:57.060 taxed more. Um, if you, you know, make over $200,000 a year and the debt is skyrocketing. It just

00:19:04.440 seems like, well, you know, as somebody who makes over $200,000, I think how, how much more can we

00:19:09.600 pay? Like how high could we go to the Bernie Sanders, 78%, 80% tax rate? Like how high could

00:19:16.500 it climb? Yeah. It's, there's, I mean, the problem with socialism is eventually you run out of other

00:19:23.520 people's money. I know you call yourself a capitalist pig. Yes. You said you'd, you'd make your 0.97

00:19:29.640 receptionist work on commission if you could. I would. What is like, that was kind of a cute

00:19:35.460 summary of the heart of capitalism, meaning like eat what you kill. Like you, you will get paid

00:19:41.420 according to your output and how good you are. It's a complete meritocracy. Is that like, how would

00:19:46.480 you sum it up? Yeah. It's just, I grew up in a straight commission household. Mom and dad were in

00:19:51.280 the real estate business and I've always either been a straight commissioner or run my own business,

00:19:55.440 one of the two, my whole life. And so it was up to me to have a, to provide value. And then I would

00:20:02.540 make an income. And, uh, by the way, if I put the receptionist on straight commission and she was 0.99

00:20:08.360 really, or he was really amazing, they might be the best paid receptionist in the state. And I would

00:20:15.980 be okay with that too. You know, it's not that I was trying to cut their pay, not at all.

00:20:22.400 I know. I think you're trying to espouse a philosophy. And I, I just, I think it's interesting.

00:20:26.340 Like, I mean, because we hear these, these terms thrown around a lot, right? Capitalism. Now we

00:20:31.160 hear socialism, we hear Marxism. And as somebody who's in the money game, like what does that,

00:20:36.480 what does it mean to you? What does capitalism as a practical matter mean to you?

00:20:40.500 Well, if you bring service to the marketplace, then the marketplace will pay you. One of the core

00:20:48.480 values at Ramsey solutions, we've got almost a thousand team members and we've got these core

00:20:52.180 values all over the walls is if you help enough people, you don't have to worry about money.

00:20:56.780 And that's capitalism. Capitalism is not greedy. Take advantage. Some crooked guy with a bunch of

00:21:03.200 cigars in the back room somewhere trying to figure out a way to steal from the little man. Those people

00:21:08.100 don't stay in business in, in the real world. If you go to get your car repaired and the guy,

00:21:14.940 doesn't fix the car and overcharges you, you tell all your friends to stay away from that guy. 1.00

00:21:21.980 He's a crook. If he does a great job and it charges you reasonably, you have found a wonderful 0.50

00:21:29.560 thing, a car repair person who's honest and efficient. You send all of your friends there.

00:21:35.760 That guy should become wealthy in a properly run economy because he's providing service that is,

00:21:43.460 that is beyond what he costs. If I go to a restaurant and the food is bad, I tell my,

00:21:49.120 the service is bad. I tell my friends to stay away. If I go to a restaurant and they do a great job,

00:21:53.300 I tell my friends to go. My friend, Rabbi Daniel Lappin says that, that profit is the, he said that

00:21:59.580 when you do well for people, they give you certificates of appreciation with president's faces on them.

00:22:05.160 That's good. That's capitalism.

00:22:08.820 That's like the line from Mad Men, right? The paycheck is the thank you.

00:22:13.160 Yeah, it's exactly right. So, you know, if I write a book that doesn't help anyone,

00:22:18.700 it shouldn't have to sell. It should only sell if it helped someone or entertained them or whatever

00:22:25.980 the purpose of the book was. But no one was mad when I sold 10 $10 books. But then when I sold

00:22:31.940 20 million, $20 books and, um, and helped 20 million families purportedly with that,

00:22:40.080 with those number of book sales, then all of a sudden I'm an evil capitalist,

00:22:44.120 which is absurd.

00:22:46.100 That's insane. Is that where your book, The Total Moneymaker Makeover is now?

00:22:50.460 It's done. It's, it has done 8 million. I've sold 20 million total of all the titles.

00:22:54.680 Oh my God. That's insane. I mean, that book is so popular. I know you published it,

00:22:59.520 I don't know, going on 20 years ago now. And it's still, it's still always on the bestseller list.

00:23:05.580 Just a couple of years ago, it was number four on the journal's hardcover business. That's crazy.

00:23:10.620 Why do you think it's so popular? Why are you so popular?

00:23:13.200 Well, again, it just helped someone. It isn't me. It's just, they had a problem and we showed them

00:23:19.160 how to solve it and they went and solved it. They're actually the hero in the story. I'm just

00:23:24.300 showing them how. And, and, and that's, again, that's, that's a sanctified type of capitalism.

00:23:30.380 It has a moral component to it called service, not greed. And so, you know, the reason your podcast

00:23:38.520 is popular is you provide solid information. People trust you. They trust your brand. They

00:23:44.120 trust who you are, where you've been and the things you've said. And so they want to hear what

00:23:48.640 you've got to say next. And that's a service. Coming up next with Dave, is there a wage gap

00:23:56.300 between women and men? And also what does equity mean? We'll get into it, but first this.

00:24:07.540 Well, you know what we're hearing now, that that mechanic had a leg up in life because he was born

00:24:13.560 a white man and that our system needs to change because it disadvantages. There are these 0.73

00:24:18.360 systemic problems that disadvantage various groups, right? Those with immutable characteristics 1.00

00:24:25.320 recognized by the law, right? Like the skin color or lady parts, what have you. 1.00

00:24:30.620 I didn't say, I didn't say what color the mechanic was, by the way.

00:24:33.720 But you know, you know that right now it doesn't matter because if there's any black mechanic not 0.99

00:24:38.160 doing as well as the white mechanic, we go back to Kamala Harris's little ad right before the

00:24:42.420 election, which is, you know, just the inequality and outcome is an indictment of the system itself.

00:24:49.100 Well, I mean, systemic racism is real. It's there. And, you know, so is a, you know, there's all kinds

00:24:59.300 of different barriers that everyone faces, some of them higher than others. And, you know,

00:25:08.360 two of our personalities and the Ramsey personalities that speak for us and write for us are African

00:25:13.180 American. And we've had some wonderful discussions, Chris Hogan, Anthony O'Neill, and, and, you know,

00:25:18.900 Chris pretty well. And, but we've talked about this a lot and they're, they are highly successful

00:25:25.220 and thought after, sought after as speakers, as guests on shows and their books are bestsellers,

00:25:31.880 number one bestsellers. And it has nothing to do with their skin color. But I will tell you this,

00:25:38.540 the truth is that there are some jerks out there that maybe still did not buy a book because the 0.99

00:25:44.180 person's face on it was of the, a color that they didn't like. And that's on that jerk. But Chris and 1.00

00:25:49.480 Anthony have chosen to say, in spite of that guy being out there, and he is out there, in spite of

00:25:55.120 him being out there, I'm still going to go be successful.

00:25:57.100 Hmm. Well, what do you make of the push now for more socialistic policies in the name of

00:26:03.360 fighting, quote, inequity?

00:26:05.780 Well, wealth equality is unfair. I just want it to be fair, they yell. It's not fair for wealth to

00:26:13.380 be equal. It's not fair for incomes to be equal because different levels of service and excellence

00:26:20.480 are provided. Um, you know, Tom Brady plays football at one level and there are other people

00:26:29.000 that don't play at that level and he creates more income for his team. And so he should be paid more.

00:26:36.740 It would be unfair for him to be paid the same as someone who doesn't perform at that level.

00:26:44.220 You know, not everyone plays guitar like my friend, Brad Paisley. Uh, and not everyone has the work

00:26:50.600 ethic that he's got works like a maniac. Uh, and so, you know, he makes more money than people who don't

00:26:58.140 have the same level of talent and work ethic. And it would be unfair to take his wealth away with his

00:27:06.400 work ethic and talent being superior and give it to someone else. That's unfair.

00:27:11.580 I mean, this is one of the problems that we get to when we talk about the, the wage gap for women

00:27:16.480 because I've been criticized for not jumping on board this train in the past, but I see the argument

00:27:23.480 on the other side, which tends to be the more conservative Republican side, which is look,

00:27:27.660 if, if I didn't take any breaks, if I worked my tail off, if I had the same qualifications and the

00:27:32.860 same background or better than my, my male equal at a firm and I didn't get paid as much. Now we're

00:27:38.780 talking. Now we got a problem. But what happens is women do take time off. Women, women do take 1.00

00:27:45.140 time off from maternity leave. Or I think, and I, I know I'm, I would call it a sexist pig, but I do 0.96

00:27:50.120 think women have a biological need to be with their children at times, even more than the men. And they 0.93

00:27:55.480 will craft a life accordingly. And there's nothing wrong with that. And there's nothing wrong with

00:28:00.120 the women who choose not to do it either. But I think there's a reason so many women do create 0.98

00:28:04.780 their lives so that they can feed both masters, right? Their children and their need to be with

00:28:09.340 them and their work life. And that's okay. We don't then have to come back to the workforce

00:28:14.100 after doing all that, which is laudable service and say, and now I need to be on par exactly with

00:28:19.500 the guy who never took that time, right? Like who was here sweating it out at the office.

00:28:24.600 You say that, especially as a man, you get killed.

00:28:27.000 Oh yeah. Yeah. I'm not going to even, I'm not going to even join the conversation.

00:28:32.280 No, my mom, uh, when I was six years old in 1966, got a real estate license. Real estate was sold

00:28:39.220 100% by men in those days. Now it's 85% sold by women, right? Uh, but, but in those days it was

00:28:47.840 unheard of and she dared to wear a pantsuit instead of a dress. And we got hate mail in the mailbox with 0.99

00:28:56.980 all kinds of horrible things said. And, uh, over the fact that she dared enter the business to

00:29:03.460 start with over a pantsuit versus a dress. 1966. Okay. Shortly before the ERA, the Equal Rights

00:29:11.000 Amendment was put forth and the women's movement really got, uh, nasty, you know, but mama never 1.00

00:29:18.400 said, I can't get ahead because I'm a woman. She just went out and sold more houses than they did. 1.00

00:29:24.440 Hmm. She just outperformed them. Now was her barrier higher? Yes. Was her starting point lower?

00:29:32.180 Absolutely. And she still kicked their butts. This is what Eli Steele was saying to me. He 0.99

00:29:38.020 and his son, uh, produced a documentary recently called what killed Michael Brown. And, you know,

00:29:43.820 he's a heterodox black thinker, intellectual, really important mind. And he was saying,

00:29:51.740 there's no question that there are structural disadvantages for blacks in certain industries,

00:29:57.900 but he, he thinks the solution is the same as you think, which is, you know, for, for better,

00:30:04.140 for worse, we're just going to have to try harder. And that's always been my approach as a woman too.

00:30:08.380 Like they're there. I know they're there. Come on. Let's not pretend there's not sexism and there

00:30:11.820 aren't other weird, uh, harassment or related burdens in the, in the workplace that women have to 1.00

00:30:17.260 deal with, but it doesn't do a hell of a lot of good to just try to lament the system and ask people

00:30:24.620 to just add like a, a reparations type bonus onto your, your paycheck. Um, what works, what worked in

00:30:31.500 my own experience is just nose to the grindstone. And, and most people love hard workers and they

00:30:38.500 love great work product. And I think most people, while there are racists and there are sexists out

00:30:43.040 there, I think most people are looking to make money off of their employees, you know, and if you do

00:30:47.740 well, they'll pay you. Yeah. My, you know, let's fast forward mama's story, right? She started in an 0.74

00:30:54.900 industry where she was a sole female virtually in our town, uh, outsold them all. And now we fast forward 0.57

00:31:01.900 all these years later, what is it? 60 years later. And in the industry is dominated by women. 0.93

00:31:08.960 And so the way you solve these systemic problems is you overwhelm them with excellence.

00:31:17.120 The way, the way, you know, if I meet someone that is racist, I usually meet someone who has

00:31:22.080 not been exposed to quality people of a different color. They don't get out much and it makes them 1.00

00:31:29.040 ignorant. They live in their own little backward world where they never see people of a different 1.00

00:31:34.620 color who perform at an excellent level, who are quality human beings. And once you see that a

00:31:40.300 time or two, you, it, it, anybody who has a level of intellect struggles to be a racist at that point.

00:31:46.680 The same thing with a lady in a situation, you know, I've got ladies on my operating board. I've 1.00

00:31:50.620 got ladies all through my leadership team and you better not tell one of them. They got their position 1.00

00:31:55.400 because they're a lady. They will kick you. Yeah, that's right. They got their position because they, 1.00

00:32:00.300 because they get her done, baby. They know what happens. They're quality, high level executives

00:32:05.680 in a, in a, you know, hundreds of millions of dollars of revenue coming into this place every

00:32:10.860 year. And they are one of the reasons and no other reason did they get the position. It just happened

00:32:17.600 to be that they were female. And, but if they sit and say, well, women can't get ahead and they don't 1.00

00:32:22.900 work as much because of childbearing years and they don't do this. And, and they use all of that as

00:32:27.360 a reason to not go be excellent. Then this talk of systemic, whatever has caused that individual

00:32:35.480 to underperform. And again, back to our other discussion has caused them to not live their

00:32:40.980 best possible life. And that's the sad part of the whole discussion. It's not that these things

00:32:45.380 aren't real or hurtful. They are very real and very hurtful and they are very difficult to overcome.

00:32:51.400 But the only answer for the individual is not to sit around and wait on the systemic thing to be

00:32:57.860 fixed by some outside force. It's for them to pierce through the darkness with their excellence.

00:33:03.220 Yeah. Pierce through the darkness. I, when I was young and up and coming at Fox,

00:33:07.400 they gave me an opportunity to host here or host there. I wasn't yet like a real anchor.

00:33:12.100 And, um, I saw a director. He was a, you know, like the directors are tech guys and he directed

00:33:17.800 somebody's show and he said, how, how's it go? Like when, when you, when you go out there,

00:33:20.760 how's it going? I said, it's great. It's great. And he said, how are the ratings? You know,

00:33:24.140 when you sub in and I'm like, they're, you know, they're pretty good. And he's like, well,

00:33:28.880 you got to make them go up. You got to make the rating spike when you come on. I'm like,

00:33:33.540 well, I'd love to, how do I do that? He's like, just keep practicing, keep working it. And I was like,

00:33:38.360 okay, I see his point. You know what I mean? I don't know exactly how you make the rating spike,

00:33:42.360 but I'll just keep preparing and keep trying to do my best. And hopefully someday they will. And lo and behold,

00:33:48.120 the more I worked, the more I did it, the more the ratings would spike. And I, and it gave me,

00:33:52.760 and had nothing to do with being a woman had to do with being, you know, strong, strong in my

00:33:57.100 position. So fast forward to at the height of my career at Fox had a big argument with somebody who

00:34:02.680 shall go nameless for the purposes of this discussion about who was going to get a particular

00:34:07.900 opportunity on the air. It was for a special night. And this other person wanted it as a guy and I

00:34:14.580 wanted it. And this person said, well, I have this title and sort of just threw out this sort

00:34:23.300 of fancy title. And I, by that point, after all the scrappiness and, you know, many, many years of

00:34:29.220 hard work said, my ratings are twice what yours are. I had my own power. And you know what? I got it.

00:34:37.000 I won. And you didn't win because you were female. No, it had nothing to do with blood,

00:34:43.720 sweat, and tears. You were excellent. And excellence wins. And it felt good. Yeah. Yeah.

00:34:50.480 And you, you know, you won on the basis of performance and, and yet you had a higher hill

00:34:57.700 to climb than he had. And you still kicked his butt. Yeah. And I never even like to think about 0.99

00:35:04.080 that. One of the things I object to about the way our society is turning right now and embracing

00:35:08.720 victimhood, even if the victimhood is real, is I've always found that so destructive. I found that just

00:35:15.900 the worst way of thinking about oneself. In fact, one needs to think about oneself as totally empowered,

00:35:22.540 even if you're not, and forge forward with that wind at your back, you know, fake it till you make

00:35:28.620 it is another way of saying it, but that works. Positive thinking works. And the belief that you

00:35:34.080 are capable and can do anything has propelled me from, you know, somebody who had with no,

00:35:39.900 no family money and no family connections, and certainly no connections in journalism to where I am now.

00:35:44.860 It worked. Yeah, it does. And that's the problem for those of us that love people. And that's why we

00:35:52.720 start hating talk of systemic this or systemic that. Those things are real. We're not, you know,

00:36:01.160 intelligent people can't discount the fact that systemic whatever exists. It does. But the discussion

00:36:07.880 of it being first and foremost, and we're here to help you with that. That's where the falsehood

00:36:15.500 kicks in. That's where the mythology kicks in. Because then you're telling people that by saying

00:36:20.280 that it's systemic, that it's all going to be fixed. It's not. It's not. The way it gets fixed is

00:36:26.200 you go own the industry. You go be so stinking good that you push through on an individual basis. Now,

00:36:35.400 it's wonderful on a macro basis, I guess, from a political perspective. I don't have those tendencies

00:36:40.980 to work on big problems like that, like a systemic whatever, and try to help fix it. I don't have a

00:36:47.080 problem with that. But it's never fixed by telling the victims to sit and wait on it to be fixed.

00:36:55.660 Well, I know you've said many times and in many places, no one accidentally wins at anything. And

00:37:02.800 you are not the exception. And that's an empowering statement, right? Like if you want to do well,

00:37:08.340 you've got to work it. And if you don't believe it's true of everyone, just look at the various

00:37:14.360 fates of white men, right? Like those are the ones that we're told have all the power, at least did 0.99

00:37:20.380 up until recently. I'm not so sure anymore. Some do very well. Some do very poorly. There's a

00:37:25.980 differential depending on how much effort they put into it, how much they sat back, how much they got

00:37:31.220 off their tail and busted it, right? Like this is a point you're trying to make. Doesn't matter what

00:37:35.580 your disadvantage is or if you're totally equally situated. It's up to you. It's up to you to win.

00:37:41.580 Yeah. And you know, and you have inherent advantages that are given to you and inherent

00:37:48.680 disadvantages and you've got to work what was given to you. Okay. I got a face for radio. My

00:37:56.200 daughter, Rachel is a beautiful young woman and, and, and the camera like you loves her and she loves

00:38:04.300 the camera. And so she does much better and, and just can walk into the room as a speaker, as a

00:38:11.640 thought leader, a bestselling author and carry the room in a way that I never was able to in my entire

00:38:18.760 life. And it's before she even opens her freaking mouth, you know? And so her good looks have an 0.97

00:38:24.880 advantage, have given her an advantage. She's got the disadvantage of whatever sexism that she will run 1.00

00:38:32.820 into and whatever someone wants to limit her because they don't want a woman in that position 1.00

00:38:37.440 versus. So she's got an advantage and a disadvantage. Now she can sit and discuss which of those she's

00:38:43.180 going to use to go win. And so she's got to prove her brain works in spite of the fact that she's pretty

00:38:49.260 because that also is sometimes the, uh, you know, automatically assume someone that's beautiful. It

00:38:55.340 doesn't, their brain doesn't work well. And that's not true in her case or yours. And so beautiful

00:39:00.580 intellect as well. But so you got to go prove yourself again, you know, in spite of that, but

00:39:05.480 this is the card you were dealt, play the hand that was dealt you in such a way that you still

00:39:10.400 win and take the chips off the table. That's funny because I, I was not always attractive and I was

00:39:17.640 not always a hard worker, but eventually I got there. And, um, then when you get there, right,

00:39:22.080 you're like, I'm, I'm looking better. You know, I lost some weight and I changed my hair and I fixed

00:39:26.260 that space in between my two front teeth and I'm working hard and I go to law school and you get

00:39:31.420 out and you're like, look at me now. And the world's like, screw you. That's a new challenge 1.00

00:39:39.300 you have to get beyond. Yeah. And I'm worse than that. I'm a 60 year old boomer. So there you go.

00:39:43.720 Okay. Up next, how are credit cards like the cigarette industry? Dave's got thoughts and why

00:39:52.460 you should chop yours up and throw them away. The horror or not. Stay tuned. But first this. 0.85

00:40:05.620 Let's talk about debt. Can we? Because speaking of law school, I always talk about how I've been rich

00:40:10.260 and I've been poor. And when I was poor, personally, my family's always middle class,

00:40:14.260 upper middle class, depending on the year. Um, it was when I was in law school because I put myself

00:40:19.120 through law school. Um, my, my mom paid for my college. And then when I graduated from college,

00:40:24.920 she said the financial umbilical cord is cut. Okay. Um, so I didn't have a bunch of savings. I had

00:40:32.020 really nothing. So I went to law school, did take out loans to put myself through, but I only took out

00:40:36.300 loans to pay for the tuition and every other thing I spent, I earned by teaching aerobics.

00:40:43.580 And I'll just give you a little background as a first year law student. I think at most schools,

00:40:47.920 you're not allowed to work. You, you are first year, so grueling and so demanding and really the

00:40:52.820 most important year of law school. They forbid you from working outside of the school because they just

00:40:57.400 know you'll do it and you'll undermine your main effort. So I got around it because I had been an

00:41:03.300 aerobics instructor for seven years by that point, six, whatever it was. And, uh, I said, well,

00:41:09.060 it's fitness, you know? And so if they're willing to give me a paycheck for the fitness, why wouldn't

00:41:12.460 you let me? And they said, okay. Then I exploited it. And instead of just doing five classes a week,

00:41:16.880 I wound up doing at some point 17 classes a week. So it was a ton of exercise in super good shape

00:41:22.220 and I made money and I, I'm so grateful to this day I did it. And then I lived at home. That's one of

00:41:29.840 the reasons I went to Albany law school so I could, I could live with my mom. So the umbilical cord

00:41:33.520 wasn't totally cut. And, uh, it worked Dave because I amassed debt, but not so much that I

00:41:39.060 couldn't handle it after the fact, but I did go into debt and it was stressful and I had the

00:41:44.420 shittiest credit ever. I mean, I wasn't paying my bills in college. And so I went off to law school

00:41:48.540 with that saddled around me. And I know this is your big thing. So let's just spend a minute talking

00:41:53.760 about how evil you think debt is and how seriously you take the threat of carrying credit cards around

00:42:02.360 in your wallet. Well, again, it's kind of been, I guess, our theme today is what is good for people?

00:42:10.660 I don't really have some, uh, macro ax to grind until it brings harm to people. And I've spent the

00:42:21.360 last 30 years almost on the radio and on stages and writing books, helping people. And so I want

00:42:28.860 that single mom that's working three jobs to get ahead. I don't want her stuck there. I want that 1.00

00:42:34.880 young couple who's got overwhelming problems, uh, with debt and, and they're behind on their car

00:42:41.300 payments and the pandemic caused them to lost their job. I want to give them some things to do that they

00:42:46.640 can go to today to start taking control of their destiny. And what is the shortest distance for

00:42:52.060 those people that I love from between where they are and abundance or wealth? And the shortest distance

00:43:00.380 is been proven time and time again to avoid debt and or to get out of the debt because you're limping

00:43:09.140 along carrying Sally Mae on your back and two fleeced cars on your back and a, uh, a bass boat or a

00:43:16.460 snowmobile payment and a couch that was 90 days, same as cash that turned into 34% interest and a

00:43:23.840 credit card or seven. Um, and it's all normal. It's normal, but normal's broken. Normal sucks out

00:43:31.280 there. Normal is making a lot of money and having none. And, uh, because it all goes to some stupid 0.99

00:43:37.080 bank or some stupid financial institution because we signed up and signed our life away, buying stuff 1.00

00:43:42.580 we couldn't afford with money we didn't have to impress people we don't even really like. And 1.00

00:43:46.800 it's just, it's, it's taking people's future away. It's taking away their shortest distance to

00:43:52.560 abundance. And so we've spent, uh, decades now showing people how to get rid of that debt

00:43:58.920 because that helps them. And if you start with that premise, then you go, okay, what's wrong with

00:44:05.640 a credit card? Well, I, you know, we've did the largest study for Chris Hogan's book,

00:44:10.120 everyday millionaires, Ramsey solutions research team, uh, with an outside research firm, airtight

00:44:15.400 study, the largest study of millionaires ever done in North America, 10,167 millionaires were

00:44:21.500 interviewed. Not a single one of them, not one said, Dave, you know, I made all my money with my

00:44:30.120 airline miles that I got on my credit card. Not one of them said that discover point, discover points

00:44:36.780 is how I got ahead. They, that's exactly what people point to the credit card, the airline miles

00:44:42.120 when they act like they are heading towards abundance. That's true. And so they have believed

00:44:48.320 a lie. We know this because millionaires don't do it. Do they use a credit card? Some of them,

00:44:56.400 but do they sit around and go, I'm getting wealthy, getting my airline miles? No, that's a dumb butt 1.00

00:45:01.700 statement. When you think about it, it's really asinine. And so points guy, he's, he's to blame. 1.00

00:45:08.020 He's so destructive. Yeah. I mean, but I mean, it, because he's the, again, I'm not mad at him. I

00:45:14.220 mean, there's nothing about that, but the credit card is basically, I think it's the cigarette

00:45:18.160 of the financial industry. I think we're going to look up in about a decade or two and what used

00:45:24.460 to be really cool. And everybody thought it was a no big deal. And the cool kids all had one,

00:45:28.760 you know, puff, puff, all of a sudden you can't smoke anywhere except outside the building by

00:45:34.080 the air conditioner. You know, it's become just to use an ATM card. Like how do you charge your,

00:45:39.760 I use, I use, I use debit cards. I've got debit cards on my business and on my personal account

00:45:44.360 does every single thing. A credit card will do has the exact same fraud protections. Only you just

00:45:48.920 have to have freaking money in your account or you can't buy stuff. What a novel idea.

00:45:53.560 Well, do you worry at all? Like one of the reasons I use my credit card is I worry about online fraud

00:45:58.160 and Amex will shut it down, right? Like if you, yeah, they do it with debit card too. Debit

00:46:03.120 card has a hundred percent coverage on online fraud, all Visa products and MasterCard products

00:46:07.980 do. Okay. Whether they're debit or credit. So if I get ripped off with, if someone steals

00:46:13.120 and, uh, or they, you know, identity theft, obviously those kinds of things, 100% of the

00:46:19.020 money is put back into my account. It is in the, you know, if you just pull up Visa's website,

00:46:23.760 it's in there, you know, that they have these, they have these policies and they're protected,

00:46:28.200 but no one wants to talk about that because they want an excuse to buy things they can't afford.

00:46:33.200 And so adults devise a plan and follow it. Children do what feels good.

00:46:37.540 Well, I know you say like, don't, you're not doing your kid any favor by encouraging them or

00:46:41.180 helping them get a credit card, you know, to get, sort of get their credit started. That's,

00:46:44.800 that's a bad idea. Just keep using cash, use cash, use your ATM card. Don't,

00:46:49.660 don't sub submit to the plastic gods. Yeah. I mean, pour your 13 year old a beer and hand

00:46:55.620 them a pack of cigarettes. Why not? I mean, why, why wouldn't we do that? Because it's harmful.

00:47:03.060 It doesn't get, it doesn't turn the 33 year old version of them into somebody good.

00:47:08.380 Now is it the end of the world? If somebody smokes or drinks a beer? Absolutely not. I'm not mad at

00:47:13.160 you. If you do those things, that's not the point. It's a metaphor to point out that you don't bring

00:47:18.540 things that are questionable like that into a child and suggest that this is normative.

00:47:26.060 When your kids were little and you were, you know, how much time did you spend talking about

00:47:32.080 money when you were raising them? Or do you think, because I have my own thoughts on this,

00:47:36.440 do you think an attitude toward money is sort of a character trait?

00:47:42.960 Oh, it definitely, there are different character traits. Some people are spenders naturally,

00:47:47.140 some are savers naturally, some are more free spirits and more nerds, we call them. And Rachel's

00:47:53.380 latest book, Know Yourself, Know Your Money, goes into a bunch of the reasons that we handle money

00:47:59.160 the way we do and which of them are okay and which of them, you know, you need to really look at. So

00:48:04.660 those are very, you know, very, very, it's a great topic to dive deeply into. But the bottom line of the

00:48:12.640 whole thing is that, did we teach it? Did we have little mutual fund parties for our 13 year olds?

00:48:19.480 No, no. Rachel and I did a book years ago, it was her first number one called Smart Money,

00:48:24.980 Smart Kids, teaching kids how, for teaching adults, we were teaching adults how to teach their kids how

00:48:29.480 to handle money. And in the Ramsey household growing up, we talked about money, maybe 20 minutes a week.

00:48:36.140 Maybe. And that was more like, did you do your chores? So are you going to get paid? Because you

00:48:42.320 didn't get paid if you didn't do your chores. We didn't have an allowance, your own commission.

00:48:46.020 And so, back to our earlier discussion, right? But the, but we didn't sit around and have these

00:48:53.900 long teaching sessions with 16 year olds or six year olds about money, because more is caught than

00:49:00.420 taught. But they saw us being generous. And so, to a person, all three of our grown kids are generous.

00:49:07.840 They saw us save. And to a person, all three of our grown kids save money. And they saw us spend and

00:49:15.940 enjoy money. And to a person, all three of our grown kids spend and enjoy money with their spouses and

00:49:22.160 their kids, my grandkids. And so, you know, but they watched us and saw us and breathed it. We didn't

00:49:28.020 hide it from them. We talked about, hey, here's, we're going to do this. Oh, we can't do that because

00:49:31.920 it's not in the budget. What's a budget? Well, we have a plan. And the plan tells us when to say

00:49:35.520 no to ourselves so we can say yes later. I like that. It's, it's caught, not taught. That is so

00:49:43.080 good. I mean, that sums up 90% of parenting, frankly, right? It does. Because how many of us have

00:49:48.540 opened our mouth and our mother came out or our father came out? Too, too many, especially now that I get

00:49:55.200 older, right? You hear it exactly. Well, you, sir, have helped a lot of lives in the process of

00:50:01.220 becoming the success you are. Number three radio show in the country now. I mean, you were three

00:50:06.640 behind Rush and Hannity. So now, what do you think happens with Rush's listeners? And does this make

00:50:12.000 you officially number two in the country? Well, based on numbers, it does. Yeah. We have 644 radio

00:50:20.420 stations and about 10 million listeners on radio and about another 11 million on podcasts. So about

00:50:26.560 21 million a day, roughly. Um, and, uh, which I actually have more, uh, stations than Sean has,

00:50:34.140 but he has more listeners than I do. And so, and we both know Sean, he really wants to be number one,

00:50:38.860 so he can be number one. I'm perfectly fine being number two, Sean. I love you. You're doing okay.

00:50:44.360 So it's working out for me. So, uh, you know, I, I, we were in talks with a lot of those radio

00:50:50.640 stations and have been for the last year and, uh, because we knew this sadness was coming and, um,

00:50:57.240 and Rush did too, of course. And so, um, the, uh, I think that, you know, they're going to attempt

00:51:05.360 to put, apparently they're going to attempt to put some different, uh, talent in those seat,

00:51:09.640 in that seat for a while. And, uh, hopefully some of it will catch. Um, it's just hard to be the

00:51:16.180 act that follows Elvis. He invented rock and roll, you know, and I don't, I, and so, uh, we'll probably

00:51:22.160 end up picking up some of those slots here or there. Uh, and I'm sure they got Buck Sexton in

00:51:27.700 there. Buck's a wonderful guy and doing a good job. And, uh, there's talk of other people sitting in

00:51:33.100 that seat, but it's a very, very tough seat to sit in. And so, um, I suspect it'll be, uh, a little

00:51:42.560 of everything. I don't think there's going to be one person that comes in and completely takes over

00:51:46.120 the thing. I think it'll be, uh, different people will pick up different pieces of it just because

00:51:51.040 that's the way the marketplace works. But, um, but there's no question that, um, that whoever it is

00:51:58.640 or wherever we are in those situations, we're following a legend. Yeah. The man with the golden

00:52:04.300 mic and, you know, the man who made so many careers possible, you know, I mean, I don't think

00:52:09.700 Fox news would have existed without Rush Limbaugh. So who knows whether I'd be sitting in front of the

00:52:13.720 microphone I'm in front of right now. Um, but I have to say, I know you're more financially oriented

00:52:18.900 and obviously Russia is very, very much political, but I get why you've been so successful. I mean,

00:52:24.480 I'm sure our audience can hear it here. You're, you're, you have this folksy manner

00:52:28.380 but what you're saying is really brilliant. You have a, an amazing ability to condense

00:52:32.980 dense information into a way that's really digestible. That's a gift in any, in any job

00:52:38.440 that requires communication for as it's like mainstay. Uh, and it's fun listening to you

00:52:43.620 because even somebody like me, who's kind of dense when it comes to finances can understand

00:52:48.240 you make it simple. So, you know, you kind of idiot proof your, your messaging, which I appreciate. 0.99

00:52:53.960 Oh, you're very kind. Thank you. 0.99

00:52:55.040 Well, thank you for the promo. You've had, you've had me on your show and I appreciated it. And, uh,

00:52:59.640 I hope you'll come back and help us as we, as we deal with these numbers that we were talking

00:53:03.220 about at the beginning of the show and see how they're actually playing out in our economy.

00:53:06.640 Anytime, anytime. Honored to be with you. I'm proud, proud of what you're doing and, uh,

00:53:10.600 excited for all your success. You deserve every bit of it.

00:53:13.200 And while I have you, don't forget to go and subscribe to the show. Go ahead and subscribe.

00:53:21.540 That way you won't miss any episodes and download the show and five-star reviews. Would you do it?

00:53:27.480 Would you do it for me? Five stars. And, um, how about a review? Cause I'd love to know what

00:53:32.320 you thought of Dave, what you've been thinking about any of the episodes we've been doing and

00:53:35.980 who you would like to see on the show. Who would you most like to listen to? Give me some

00:53:41.940 suggestions. Cause we get a lot of our guests actually from those suggestions. You can do it

00:53:46.160 online. You can do it on our social media, uh, wherever you do it, do it. Cause it's helpful

00:53:50.080 to hear back from you guys. And we'll talk again soon. Thanks for listening to the Megan Kelly show. 0.97

00:53:55.500 No BS, no agenda, and no fear. The Megan Kelly show is a Devil May Care media production

00:54:02.620 in collaboration with Red Seat Ventures.

00:54:05.980 We'll see you soon.

The Megyn Kelly Show - March 29, 2021

Dave Ramsey on Capitalism, The Value of Working Hard, and Wealth Equality vs. Wealth Equity ｜ Ep. 82

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