Will Cain Country - How To Survive Bidenomics with Dave Ramsey!

Episode Date: June 24, 2024

Story #1: How you can overcome inflation, recessions, and the hardships of modern homeownership. A conversation with the legendary Dave Ramsey. Story #2: Seven years too late. The most beclowned industry in America, the so-called fact-checkers, finally admit that former President Trump never called neo-Nazis in Charlottesville "very fine people."​ But why the change now? Story #3: Will pays his debt to Tyrus and shows off his biceps and championship belt on FOX & Friends Weekend. Tell Will what you thought about this podcast by emailing [e-mail] Subscribe to The Will Cain Show on YouTube here: Watch The Will Cain Show! Follow Will on Twitter: @WillCain Learn more about your ad choices. Visit podcastchoices.com/adchoices

For a limited time at McDonald's, enjoy the tasty breakfast trio. Your choice of chicken or sausage McMuffin or McGrittles with a hash brown and a small iced coffee for $5.5 plus tax. Available until 11 a.m. at participating McDonald's restaurants. Price excludes flavored iced coffee and delivery. One. Inflation, recession, the hardship of homeownership, late stage capitalism. How do you negotiate? the economy in modern America. A conversation with the legendary Dave Ramsey.

Two, seven years too late, the most beclowned industry in America. The self-titled fact checkers admit that Donald Trump did not call Nazis very fine people. Why now? Why seven years too late? Why admit to the lie when we all already knew the truth? Three. I pay my bet. I pay my debts. I always want to be the bigger man. I now hold the championship belt of losers. My bet over the Mavericks and Celtics paid to Tyrus on Fox and Friends weekend. It is the Will Kane show streaming live at Fox News.com on the Fox News YouTube channel, the Fox News Facebook page, and always on demand by hitting subscribe.

if you're listening on Terrestrial Radio, but you want to catch the Will Cain show on your morning commute. You want to catch the Will Cain show during lunchtime. Well, that means you just have to subscribe on Apple or on Spotify. Or if it's at lunch, you want to watch the Will Cain Show, just subscribe on YouTube. Where, if you're looking at me in video format this afternoon, you'll see me holding up my championship belt,

my mini NWA World Championship Belt for Luz. losers. Two at A's, young establishment, James, tinfoil pack. You saw me pay my debts. You saw me pay for the Dallas Mavericks losing to the Boston Celtics on Fox and Friends weekend. Consider the debt paid to Tyrus. What did you think of the gun show? It was great. You know, you need a little more tan on your arms, but it's fine. That's all right. But you look good and you paid off your bet. 16, 17 inch biceps. It was. Don't do the job. that guy doesn't binge 275 young James but that was a combination of a farmer's tan and a TV tan on your face when I was disrobing on Fox and Friends weekend to pay my debt to Tyrus laid out last week right here on the wheel can't show I had to wear a muscle t-shirt with Tyrus's name on it, a backwards hat and display my miniature championship belt over my shoulder it was revealed you know wiery, a little spindly, a little pale. But, you know, you got to pay your debts.

And we'll pay that forward to you coming up a little bit later here on the Will Cain Show in the third segment today. We will play that moment when I horrified my co-host by taking off my suit, tie, and button up to reveal my debts to Tyrus. That's coming up a little bit later on the Will Cain Show, but let's get into recession, inflation, the hardship of homeownership, with story number one. He is the host of the Ramsey show. It is syndicated across this great land and has been for decades, one of the most successful radio shows in America. He's also the host of the Entree Leadership Podcast, the founder and CEO of Ramsey Solutions.

He's the best-selling author. He is Dave Ramsey. What's up, Dave? Great to have you on the Will Cain Show. Honor to be with you, sir. Thank you for having me. I'm a big fan, Dave, and not just when most people say they're a big fan, mean it in a couple of ways. They mean it sycophantically. They mean it as in they like what you

have to say. But I'm also a big fan in the business, in the empire that you have built in the media. As somebody else who is also in this industry, I look at you as someone unique and interesting in a world chasing virality and clicks. You've built a legitimate business. And I want to get into that with you here today. I have genuine curiosity and fandom on what you've been able to build with Ramsey Solutions. But let me start with this. I've got a president I've got many economists. I've got friends in banking who talk about a soft landing, that we're going to be fine, that the economy is on the mend. I've got others who point out we can't tame inflation, and therefore we can't bring down interest rates.

And if we can't bring down interest rates, a bottomless pool of debt is going to come due and cause bankruptcies and forcing us into a recession. So I know you deal with how individuals and personal finance should position themselves in the economy. So I think I just want to start with, can you let us know, like, what do you think? Where are we in this economy? You know, it's kind of weird. There are segments of it that are just struggling and suffering and hopeless. And there's other parts that are just booming. It's a weird, usually like everything's bad, going bad, and, you know, we've got dark clouds or the sun is out.

You know, one of the other, usually. But this has got segments of everything, and it's still, I think the disruption in the economy from the pandemic is still rippling through. We're still seeing some of the tail end of those waves moving through. You know, the current administration is just there's sleep at the wheel on the things that they could do or could have done all along. And there's just some forces that are happening out here that are just wild. So there's some things to be hopeful about. But there's also some things that are really scary. Well, we have to understand where we are to understand where we're going, but also to help us inform the decisions we make as individuals.

And again, I think that's what you've done for decades to give people good advice on how to deal with their own financial decision making. But at the core of often your message, and I think at the core of a macroeconomic situation, is the role of debt. And, you know, I live in Dallas. Dave, and real estate is booming in Dallas and has been for quite some time. There's a ton of people moving to Texas. But there's a lot of real estate out there that is, you know, being built all of it on the back of debt. And with your interest rates staying so high, I think everybody's just nervous. So, like, all of us sitting here owning homes, all of us, I'm sure, listening against your best advice, Dave, have credit cards.

All of us have some measure of debt. debt. So how do we think about debt right now in 2024? Well, debt equals risk. More debt equals more risk, less debt equals less risk. It's a pretty simple grandma's formula, live on less than you make idea. And of course, that's what we've become known for at Ramsey and talked about, like you said, for decades. So that's true in your personal life. I mean, and it's true in our mortgages on our homes or some commercial builder building a, an office building today. I mean, more debt equals more risk.

And so when there are ripples through the economy, when there are minor tremors of earthquakes and people get scared, then it wakes them up and they say, oh, I need less debt. And so, yeah, that's exactly where we are. But we're at record levels on credit card debt. We're at record levels on car loans. We're at record levels on mortgages. And, you know, 6% interest is high compared to 3,

but it's really low compared to 10. And we've had boom economies at 9% and 10% interest, an 8% interest. And so the interest rate in and of itself is not what's driving the housing market. The shortage of inventory is what's driving the housing market. In Dallas and Nashville, where I live, and these cities where in Tennessee, Texas, and Florida where people have moved to, when they moved away from some of these other disasters that they lived in, you know, we're seeing this huge migration, probably the largest in American history, if you don't count, like the dust bowl and some things like that, but it's crazy.

So that demand in your market or my market versus the number of houses available, simple supply demand, a lot of people chasing very few houses drives the price up. It always has on any good service. Anytime you've got a shortage, you're always going to see a house. You're always going to see a price increase. And so that's where the real estate boom is coming. from is we have a lack of inventory. And the weird thing is builders are not, the new housing starts aren't there. And I was with a home builder this morning having coffee. And I'm like,

dude, I mean, if you would build in the right price range, you could sell every single thing you built right now. Oh, well, the interest rates are high. And I'm like, yeah, but there's a shortage. There's a huge shortage. Well, so one of the things that people talk about, Dave, is a generational problem in homeownership. And I'm curious about this on two fronts with you. You know, homeownership has always been sold as to us as, you know, the fundamental building block of wealth creation. That's the best way to begin building wealth. A, do you believe that? And B, what about these younger generations that feel like they're being boxed out of homeownership, whether or not it's Gen Z or even millennials, which I believe are now in their 30s, millennials, who have either because

of a shortage of inventory or because, you know, harder access to loans, having trouble buying homes. Like this is a big, this seems to becoming a bigger political issue. Like, I can't access the American dream. Yeah. Well, I think the problem is this. Anytime you have a financial crisis in your personal life or even if you're looking at a macro situation like we're talking about, you cannot analyze the whole subject based on the current snapshot. You can take a picture today and say, Gen Z is screwed on home buying because it's really tough for them. The current house price, the current interest rate, has grown way faster than their wages have grown. And so, like you said, it's boxing them out.

And a lot of them are buying houses. A lot of them are figuring it out. A lot of them are on an individual basis are working their way through it. But as a macro statement, it's tough right now for Gen Z. But if you take a snapshot and say, okay, that's it, they'll never get a house. Well, that's being a drama queen. Because at that point, you're saying this moment in time is all that's ever going to be. And if you've got a crisis in your personal life, you just filed bankruptcy, you're going through a divorce.

Well, that's it. Snapshot, worst time of my life, it's all I'm ever going to have. Of course not. Things are always going to get better. They're always going to get worse. If you took a snapshot of the baby boomers, my generation, in 1983, interest rates were 17 percent. Baby boomers were boxed out of the housing market.

They couldn't buy a house. You couldn't afford it. But that was just a snapshot. It was a moment in time. So what will happen with this inventory situation, what will happen with these interest rates situation that we're in today, is it will change. There will be a time that you will not be boxed out.

It's not a permanent equation. That's drama queen. stuff. Out of curiosity, Dave, what do you think about the commercial real estate sector? And this goes back to your point about COVID. I hear you on, let's take a macro look. Let's broaden the time horizon on homeownership. But have something fundamental changed with COVID where, you know, people aren't going

back into the office and our demand and our need for these high rises and these towers and these office parks aren't what they once were? and so we've got a bunch of commercial real estate now sitting there distressed waiting to pop because of interest rates like what do you think has changed when it comes to how we work after COVID well obviously more people are working at home than ever before other than during the actual lockdown itself but the the question is whether you believe again a snapshot or a film strip if you take a snapshot at this moment you'd say well owning an office building is a idea because everyone's working from home. Well, they're not. Okay, they're not. I got 1100 folks on our team. We work at work. All of us are here. I don't turn on Zoom. I hate it. You know, I want to meet with human beings in person and have actual meetings with humans. And because I can feel what's going on in the room. I can smell the air. I know what's up. The body language. Everything's different when you're not doing it digitally. So, anyway, and we're

We're seeing a trend of work from work. We're seeing a lot of people move that direction. But overall, there's a move to work from home. And there's a request by the Gen Zs and the millennials to work from home more than ever. The number one reason we've lost team members in the last year, turnover, very low turnover, but the number one thing is they want work-life balance in air quotes, and I'm going to work from home. Translation, I'm really not going to put in an eight-hour day.

I really want to be at home with my family and we're going to call that work from home. So I want to change to a part-time job and get paid for a full-time job. That's what is actually occurring. The problem with that is it's not sustainable for companies because the productivity sucks. So there's a few things you can do, work from home that the productivity doesn't tank, but anything that's creative and vision and groupthink and we're working on a project together, pushing things through, all of that work from home sucks at. If you want to write code, you can do that from your bedroom. That's fine. It's a task thing. But if you want to design the program and lay out for the guy that's writing the code, you probably need to be in the office. And so anyway, I think office buildings, if they're going down in value in some markets, are going to be a good buy. I'm probably going to buy some of them. Oh, and I assume those markets are the ones you talked about earlier, the places people are moving to, Texas, Florida, Tennessee. I'm not going to buy on.

office building in an area where the government, the local government was draconian during the lockdowns and overreached, way overreached. I'm going to buy an office building in an area where there's freedom and where people freaked out about work from home. And so they think office buildings are tanking and they're going to give it away. Well, I'll take it if you're going to give it away. You know, you brought up, and I love zooming out, as you point out, like whatever we're going to call this, once the history books write what happened, I don't know, maybe from 2015 through 25 or 30, the Great Migration, I immediately thought of, you know, the migration from the south to the north when you had the Industrial Revolution and urbanization

and Jim Crow, you had all kind of things pushing people to the urban centers like Chicago, New York, and so forth. And you've got something similar happening now. I mean, it's quasi-political, very economic, also quality of life and freedom to your point. It'll be a moment when we zoom out and the history book's right about this. They're going to say, look how many, I don't know, I don't know how it compares historically when you said that all of a sudden I wanted to know. How does this compare to the great migrations of the past? But we're probably in the middle of one of these great migrations. Yeah, well, we may be on the tail end of it because I don't know how many more will leave New York or California. But if you read the maps that the Census Bureau's

putting out and you look at the data, the numbers are horrendous of the people that have left government areas that are overreaching and were draconian during the lockdowns. They're leaving high taxes because they know they'll do it again. They know at the first blink that they'll do all those things again. And so they're out of there. I got a buddy of mine that left LA and he's been there his whole life. But in the first year in Nashville, paid cash for a house with the taxes. saved by leaving California. So we're seeing a lot of that everywhere. And I think you're right. I think

it's going to show up in the history books because all the thinkers and the doers, the people that earn big money, are leaving and they're relocating. And so what that's going to do to those markets is pretty incredible. So I want to then go back to the advice you would give us as individuals. I want to ask you about two concepts. You rolled them one into the same, but I'm actually going to separate them for one moment. So I think. in order to access homeownership, everyone, including you acknowledge, is debt as an essential part of the picture of buying a home. Very few people can pay cash for their home. But still your advice is saw. I mean, what you've had, the envelope theory, the snowball theory, pay off small

debts, save cash, budget with envelopes, and so forth. What in your estimation, Dave, from a family, for an individual, is a good use of the tool of debt? I mean, it's a tool, and it can help wealth creation. It can also be, I guess, a drug, you know, that we continue to inject into our bloodstream that we get addicted to. But what's a good use of debt, personally, personal finances? I don't think there is one. I disagree. So I have found that being 100% debt-free and staying that way leads to wealth creation faster than anything else you can do. Meanwhile, lowering risk, increasing equality of your relationships. Most people's careers blossom because they're not stuck in a toxic work environment

because they have to pay payments to some idiot that they bought a car from. And so the things that it does, the ways it frees up your life, the quality of your life increases, even we see hypertension and we see medical results of getting out of debt and staying out of debt. So there's a whole lot more than a simple math. And you know when you stress test your idea, when you put it up again, When you put it up against a really tough time, again, we referenced the pandemic or something, it feels like it's 20 minutes ago, but it's five years ago. But four years ago, but if you stress test stupid, you know, you see what happens.

And so this idea that I can borrow and not worry about it and it's not a big deal, everybody does it, it's a tool and all that, well, when you lose your job or when you can't go to work and they furlough you, when things happen, When you have a car wreck, when cancer's in the family, all of these things come up. When you stress tested it, you see what Warren Buffett said is true that when the tide goes out, you can tell who was skinny dipping. And so, you know, we don't recommend debt on a house. We tolerate it with our callers and say, okay, don't take out more than a 15-year fixed rate only, or the payments are no more than a fourth of your take-home pay,

and get that sucker paid off as fast as you can because all the data that we have, have says two things creates the first million to five million of net worth. The first time you become a millionaire. It's a paid off house and a well-funded 401k and Roth IRA. So funding your retirement and good mutual funds and getting your house paid off is where we find most millionaires are coming from in America. Paying off your home and funding your 401k. Those are the two best paths to your first million. Just simple. Yeah, we did a study, the largest study of millionaires ever done. We studied 10,167 of them. And that's the typical model we find. They're a million and a half net worth. They got a $700,000 paid for house. They got $800,000

bucks in their 401k, and they're 46 years old, and they're a millionaire. And so that's what we found over and over and over again. Now, the second concept I wanted to ask you about, Dave, is one that you rolled one and the same, somewhat. I want to ask you about risk. You said debt is risk, but there's other types of risk beyond debt. So I once read a book. When I first started out in my career, you know, I pursued a very entrepreneurial path. I own small town newspapers in Texas. I had a Latino media business. And I was interested in Warren Buffett, by the way. He's one of the guys that led me down into that industry. And there was a guy named Al Newhart, who started USA Today. He was the CEO of Gannett newspapers back in the day. And he said he used

to encourage his children to take one great risk before the age of 30. And his rationale was, before the age of 30, you can rebound easier than after the age of 30. You acquire responsibilities, wives, children, whatever it may be. You acquire more responsibilities the older that you get. You know, I'm curious what you would say to people in their 20s, in their 30s about how they should manage risk when it comes to going for it, you know, whatever it may be in their career versus the safety of that W-2, that paycheck, that putting money way into that 401K. I'm curious if you have some type of lessen or maximum you talk about when it comes to taking risk in your career. Yeah, I think taking risk the rest of your life is a good thing. It makes you alive. It's adventurous.

It's a good thing. But the rule I use for risk in business or career management or those kinds of things comes from Jim Collins, our friend that wrote the book, Good to Gras. and he says before you shoot a cannonball, which takes a lot of powder and is a big deal, shoot muskets and make sure that you can get your target aligned. And so take risks with smaller things, smaller bites. So you don't have to take a risk and say, if this doesn't work, I'm bankrupt, but I'm going for it. You don't have to do that. That's not necessary in today's world.

You can start side gigs. You can start side hustles. A lot of things that we do in today's world, an entrepreneur, we coach a lot of entrepreneurs, about 10,000 small businesses. And we tell them take small risk, but take a risk every day. So for some people, the idea that I would ever leave the quote, unquote, safety of a W-2 job and opening a business is an anxiety-producing statement just to say that. They get all tight, you know. But that's not what I definitely would do that. definitely would do that. But just to go in and quit and have no idea, or I'm going to go $150,000 in debt to open a restaurant and I've never cooked anything that anybody bought, you know? People do that crap. That's not risk. That's foolish. That's rash. And so calculated risk where we calculated and we got alignment with the musket balls first. And so, you know, you've had a catering business running out of your basement for four years, and you're already making with that on the side, what you used to make at work. Well, now it's time to open a restaurant, maybe.

But I've never cooked anything, and I heard somebody say once at my barbecue, that I out open a barbecue restaurant, well, crap, just meet everybody in Texas, right? I mean, come on. That's ridiculous. So, you know, no, you don't do that. Well, a little bit of biographical stuff that I'm curious about now as well. your lesson and your advice when it comes to debt is hard-earned. I mean, it's through your life experience, not just academic, right? In the 80s, early in your career, I guess you learned

the lessons of debt the hard way. Well, I did. I grew up in the real estate business, and one of the things in real estate business they do is they take your risk meter out and hit it with a hammer and break it, where you no longer measure risk at all. It's just everything's good. All debt is good. Borrow all you can, buy all you can, and the nothing down real estate movement. It's not new because of TikTok. It's been around for a while. It's not new because of everybody that's renovating a show on cable TV. But yeah, I was doing flip this house before Chip and Joanna were born. So we were, I mean, they're great people. But I mean, I was 22 years old. I bought my first house and I bought it 100% debt. I didn't have

any money. And I flipped it and I made a little money and I did that over and over again. I made money, made money, made money, made money. And then I had a million two out with one bank and I had about $3 million worth of debt total. And I was flipping and I owned a bunch of rentals at the time too. And I had grown a million dollar net worth by the time I was 24 years old and 25 years old. And so I was making $200,000 a year in 1983, which is probably like half a million now. You know, I mean, it's a lot of money, especially for a hillbilly kid like me. And but the bank got sold to another bank, and some guy in another city looked down and said, there's a kid in Nashville owes us a million two, and he's flipping houses. This looks scary. Let's limit this

relationship, which is banker talk for screw him and ruin your life. So they called our notes, and we spent the next two and a half years of our life losing everything we owned. And so we went straight up and straight down. There was no middle ground with any of that. It was a wild ride. So, yeah, I've got a Ph.D. and D.U.M.B. I know what stupid looks like. I've looked at it in America. And so, you know, I mean, I, and we hit bottom at age 28 and got the opportunity to start again and try to learn from our lessons. And that's when I started studying old rich people and not young rich people. I had been him. I didn't want his opinion. But I started talking to people with gray hair and no hair. And they said, live on lesson you make. Have a budget. Stay out of debt. It's the tortoise versus the hair.

well you looked whatever you said dumb in the mirror and uh from the outside from a distance it looks like that's in the rear view mirror now um i'm sure you still make your mistakes everyone does um i'm curious though about your media business this is the part where i started and i'm a fan of you know i've been in this business for a while they've i've been at it as an entrepreneur and as i mentioned small a chain of small town newspapers i've i've raised money and started a magazine. I've been a W-2 employee of big corporations like Disney and Fox. And one of the things that I've learned, and I feel really confident about this, is that when it comes to where the media is headed, nobody in the hell knows where the answer is. They don't have any idea of the future

of the media. I completely. No one. No CEO, no billionaire, no one. They know how to destroy. We've figured out how to destroy old businesses like newspapers and we're on our way with cable television, perhaps, but they haven't figured out how to create the next big thing, despite the fact we get viral sensations and people with a lot of followers. But you've done something unique, and I think somewhat off the map in terms of, you know, the online relevance and virality. You've got a real ongoing concern. You've got a real media business. Now, you got into it with syndicated radio in the 90s, which is one of the best businesses ever, Bill Rush, Bill Howard, built you. But I'm curious, as you've invented and reinvented this media company, what do you think?

I mean, I'm just curious your mindset on the media. Beyond agreeing with me, nobody knows what tomorrow holds. You're building something that seems to be lasting the test of time. You know, what we figured out early was that we are not in the media business. And as long as we keep our head straight about that, then we're okay. It keeps us from going down a rabbit hole somewhere. We're in the content delivery business. We help people by teaching them. Now, what format can we teach them in? Well, I can write books. That's a format. I can do live events from stage with 5,000 people in the audience. That's a format. We've used both of those, still used both of those. And then we got into talk radio, backed into it accidentally, about a perfect

timing. I couldn't have dreamed up the timing. It couldn't have been any better and have scratched and clawed through that business and grown it and put up with all the weird stuff that is radio. And 680 stations now. It's crazy. But what we figured out all along was when Sirius XM and Sirius are two different companies put two satellites in the year for $150 million each or two sets of satellites, we went on both of them. And everybody said, oh, you can't do that. I said, well, we just did it.

And your affiliates are all going to be pissed on terrestrial. Well, it doesn't matter. I'm going on both of them. I'm in the content delivery business, and that makes me platform agnostic. And so I'm not going to bet the farm, talk about risk, on one platform. And so, you know, we screwed around with YouTube and messed with it in the early days, and it kind of limped along. And then in the last 36 months, it's become a huge platform.

A guy walked in my office and said, he had this crazy idea, I don't know, 15 years ago, 10 years ago. He said, you know, broadband is here, dial-up is gone. we need to do one of these podcasts. And I said, what the, what's a podcast? And he's like, whatever. And I'm like, well, okay, but I'll try it, I guess. Well, nobody in talk radio wanted to do them because they're all worried about their affiliates or worried about putting up a paywall or whatever. We didn't put up a paywall. We just put it out there. And it's huge. I mean, we've had, we're number one, two, five somewhere in there, bouncing around on Apple now, a billion downloads. It's crazy. But we're platform agnostic.

because that'll go away. It'll be my space someday. Right. And it'll change. And so I'm not going to bet the farm on one. We just, we're on everything all the time. And if anyone I wants to be pissed off, then I'm just not going to be able to be on it because we're not giving you an exclusive.

And that's given us the foundation to grow and change. And so, I mean, someday I'll be a freaking hologram in your living room. You know, I mean, I don't know. well are you do you feel any pressure we'll leave it with this last bit here do you feel any pressure to be early you know meaning you know rogan gets to podcasts early and he benefits from that for being real and a lot of guys get to youtube early and they benefit from that because it takes it's nobody's an overnight success they grind they grind they grind and then you explode right on these platforms so whatnot that's tick talk or whatever's next day do you feel pressure i got to be there

early with my content we get there early uh just because We'll try anything. But again, we got on TikTok, and I hate it. I hate TikTok, on a personal level. But it's fabulous for business. And it's, you know, we just got back from a trip, and I was in Iceland, and a kid runs over to me 23 years old. He goes, you're that guy on TikTok. You know, I mean, good God. How else do you get that, you know? So, you know, it's, you know, so, yeah, we're going to be there early. But again, I'm not, we're not going to put all our weight over there until the thing starts giving us reason to put weight on it. We're just going to touch it. Just enter into it gradually. And that's why even though we were on podcast before

Rogan, he kicked our butts in the podcast world. But overall, we kick his butt on the overall footprint. So, you know, but again, he was trying to do that one thing. And he's the world's best at that. He's really good. Joe's show's incredible. Right. Well, like you said, you've been the guy that somebody runs up to you and says, I listen to you on radio. Now you're the guy, you're that guy from TikTok. So we get the point. When nobody knows where the industry's headed, you might as well be everywhere to see where it will go. It's been an awesome conversation. Dave Ramsey. We'll check you out, by the way, on TikTok, YouTube, radio, books, and everywhere else you are with Ramsey Solutions. Thanks so much for being on the Will Kane show today, Dave.

Well, our honor to be with you. You guys are doing a great job. Thanks for having me. All right. Take care. There he goes. Dave Ramsey, again, you can check him out he's got multiple bestsellers um you can uh obviously catch him on radio and podcast it's ontra leadership podcast and the ramsie show on radio uh and of course he's where we are here facebook youtube and everywhere you get your content hey he brought up satellites um last night i was having a real you know country boy night it was good felt like i was like a man in the desert who'd finally found an oasis drinking water or a plant that's finally been potted back into it's soil. I had family night back up in

North Texas in the country. And we went frog gigging. And we're standing out there and the frogs are you know croaking. And my son looks up and goes, what is that? Looks up in the sky. All the stars are out. You can see everything out there in the country.

And it was a string of greenish-blueish lights. I'd say about, oh man, not that high up. You know, couple thousand feet up in the air lower than the than forget commercial air flights i'm lower than you know your personal aviation crafts crafts um and it's just real silently moving across the

sky like what is that a string of lights was it aliens that's next plus they finally admit the truth but why now about donald trump and calling nazis very fine people on the will can't show Hey, I'm Trey Gowdy, host of the Trey Gowdy podcast. I hope you will join me every Tuesday and Thursday as we navigate life together and hopefully find ourselves a little bit better on the other side. Listen and follow now at Fox News Podcast.com. Fox News Audio presents Unsolved with James Patterson. Every crime tells a story, but some stories are left unfinished.

Somebody knows. Real cases, real people. Listen and follow now at Fox True Crime.com. Yeah, it's notable. It's interesting. Maybe it's important that Snopes. Self-annointed fact-checker. Finally admits that Donald Trump did not call Nazis, very fine people.

But maybe the more important point is why. It's the Will Cain Show streaming live at foxnews.com on the Fox News YouTube channel, the Fox News Facebook page. Hope you'll always join. It's 12 o'clock Eastern time at YouTube or on Facebook. And while you're there, just hit subscribe to the Will Kane show. It's somewhere under the text description of this live stream. That way you can hang out with us all the time.

I mean, my memory is failing, the older that I get, somebody asked me that, hey, what's some of the favorite interviews you've ever done? And I'm like, I don't know. I need to sit down and make a list. And then somebody separately asked me, who have you ever interviewed that is just like, wow, that's not the person I thought they would be. And I was like, I don't know. My memory is failing, and I need to write all this down. Or you could subscribe to the Will Cain Show on YouTube and you could find them all like, I don't know, interviews with Dwayne the Rock Johnson, former President Donald Trump, Tony Robbins, Dave Ramsey, Dave Portnoy, and more right here by subscribing to the Will Cain Show on YouTube. So last night decided to do a little frog gigging.

My oldest son had a friend visiting from New York, so we were like, well, let's get his country as we can get. it up in like a 1984 Bronco, which looked like a murder starters kit. We had several shotguns, a frog gigging pole, chemicals, rope. It looked like we were out ready to, you know, become the next Richard Ramirez. But instead, we were just looking to take down some frogs. We didn't. We failed. You know what's shocking about frog gigging? By the way, we don't kill them. We got a real cool frog gig and pole. It doesn't stab them. It just kind of snaps close, some jaws around their body and then you can pry open the jaws and they're fine you can let them go but you know you hear all this racket from frogs and when you finally spot one often

I mean they're tiny so you got to get that deep croaker you got to get that belly that deep thing coming from the the depths of Hades when you know you got a big fat frog and I'm talking we've caught some that are I mean they're dripping out of your hands and you it's a two-hander for sure but instead of getting frogs last night we looked up and two of days in young establishment james maybe most importantly tinfoil pat my son saw this string of lights across the sky what is that now i already put on social media what it was so you guys know you probably know because i said what it was because we googled immediately but it was creepy it was like what is that and it turns out this string of bluish green lights yes silently moving from one into the sky

the other. It's Starlink. Oh, no. That's such a letdown. I thought it was going to be something sweet. I know, but it was a fun five minutes before it was ruined by Google. It was a fun five minutes of what is that? You don't believe in satellites, tinfoil?

I think that there are probably some in low orbit like Starlink, but the fact that you can't get reception in the desert doesn't big any sense. Uh-huh. It shouldn't be. Oh. And then... So if I go out in the desert, with a little handheld serious X-M thing, I can't get Dave Ramsey?

Probably not. Also, I'm not sure that's true, tinfoil. Pretty sure. 98% of, uh, of the internet connections on earth are via deep trench, uh, wire connections from continent to continent. So I don't know. I just think a lot of over being told is a little bit. Fascinating.

Okay, let me, thank you for that. I'm going to squint for a little while and see if I can see what you're talking about. What do you, what do you got to a day? So what are you trying to get in with today? I just need to know what frog gigging is. What in the world are you talking about? And what is that? And no thank you.

Catching frogs. You're cool. Oh, what are you talking about? I'm not touching frogs. Are you nuts? Slimy. You guys are pansies. what is wrong with you there's no way it is super fun i don't know i'm i'm certainly no professional

i'll tell you how we do it go out onto the onto the back 40 got we got a place with several ponds tanks right load up into a bronch or something like that and have several spotlights you know hard you know directional spotlighting you know like a cop when he pulls you over and asks you for your id and you listen for the deep croaking right you got to you There'll be a lot of frogs making a ton of racket, but a big one, a big bullfrog is super deep. James, you think you're that guy in Police Academy that is really good at making noises, but you're not, man. You're just not. I don't know what you just did, but it wasn't a frog.

What are you doing? So anyway, once you hear it, then you spotlight the banks of the pond. And if you catch two little shining lights, that's their eyes. And once you spot-lot them, they'll freeze. Pretty much. They won't move. And then you creep up behind them and we've got a big frog gigging pole. It's like, you know, it's long.

It's probably 20 feet long. No, you come up behind it's got some jaws on the end of it. And it's got a little, like when there's a little pressure like that, the jaws will close, right? And even if it happened to you, I mean, they're pronged, but they're not sharp. So the frog can't slip out, but it doesn't cut into the frog. So it's humane. So. Exactly.

So you come up behind them And then you get them with your gigging pole And then you pull them up And then yeah I mean If you look back on my social media I'll go find one I'll update it on my Instagram

See Will Kane You'll see some monsters That we've gotten a couple years ago We struck out last night But that's frog gigging So weird What do you do with us? Great fun Texas is a weird place man

Well I don't know this is just Texas But You know with our poll we can throw them back. If you get the kind that stab them, then you're signing up for some frog legs. And you'd eat frog legs. They're like chicken. I would try it. I would try it. This sounds fake, too. Okay. Thank you. Thank you, tin foil. That sounds fake. All right. I'll tell you what was fake. Was the idea that Donald Trump called Nazis very fine people. Seven years ago in the wake of Charlottesville, that's what was claimed by everyone, everyone, everyone in mainstream media,

and to this day by Joe Biden. Joe Biden has said that moment in Charlottesville is what inspired him to run for president. The idea that Donald Trump got up there and said there's very fine people on both sides, including the Nazis. That is what you would hear. I don't know what you would hear today, but I can guarantee you that's what you would hear for the better part of the last half decade on CNN. Finally, this week, just the other day, late last week, Snopes, a self-styled fact-checker, admits Donald Trump did not call Nazis very fine people.

This wasn't a hard fact check, by the way. It shouldn't have taken seven years because all one had to do was listen, listen to what he had to say, beyond a very tightly self-selected and edited clip, or beyond the characterization and paraphrase of some untrustworthy, quote-unquote, fact-checker or journalist. Just listen to Donald Trump like I'm going to allow you to do right now about what he said back then in Charlottesville. But you also had people that were very fine people on both sides. You had people in that group, excuse me, excuse me, I saw the same pictures as you did. You had people in that group that were there to protest the taking down to them a very, very important statue and the renaming of a park from Robert E. Lee to another name. George Washington was a slave owner. Was George Washington a slave owner? So will George Washington now lose his status? Are we going to take down? Excuse me. Are we going to take down statues to George Washington? How about Thomas Jefferson? What do you think?

of Thomas Jefferson. You like him? Okay, good. Are we going to take down the statue? Because he was a major slave owner. Now, are we going to take down his statue? So you know what? It's fine. You're changing history. You're changing culture. And you had people, and I'm not talking about the neo-Nazis and the white nationalists, because they should be condemned totally. But you had many people in that group other than neo-Nazis and white nationalists, okay? And the press has treated them absolutely unfairly. so amazing he explicitly had said i'm not talking about the neo-nazis and the white nationalist they should be condemned that was in his words repeated on twice occasions but he also

acknowledged that there was a legitimate debate to be had with sincere people that he called very fine people about the merits of the protest that day in charlottesville Now, are we suggesting that everyone who opposes Robert E. Lee's statues being taken down or Thomas Jefferson's or George Washington's are Nazis? Is that the implication? Because I think that's a pretty extreme position to hold. He's suggesting, hey, there was legitimate debate. By the way, those people were permitted, the ones that had a legitimate debate point. The counter-protesters were not permitted. And the neo-Nazis and the white nationalist. permitted and he condemned those people but somehow that got clipped reduced and repeated ad nauseum that Donald Trump called Nazis very fine people now there's a chance for many of you listening

that's the first time you've heard that clip in full there's a chance that in your mind it was still like well he did didn't he because it was just repeated you know it's just repeated on loop and that's what the press did and that was a lie that was fake that was a hoax Like so many other hoaxes, like the Steele dossier, right, the Russia collusion hoax, like the fact that America and Donald Trump knew that Russia was paying bounties to kill American citizens. Like the Hunter Biden laptop is Russian disinformation hoax. And on and on and on. There are several people out there who have collected, and it numbers well into the 20s, above the 20s.

The number of hoaxes that have just been accepted because they get repeated on loop. by the quote-unquote respectable members of the media. But when you hear something like I just played for you and you measure that against the story that was sold to you, how do you ever trust them again? Now, there are still people that just won't believe it. I saw after Snopes pushed this out this week, people commenting, who got to Snopes?

Is there a Trump member on their board? You know, on and on. We all heard him say it. We can believe our eyes and our ears. Did you hear him see it? Say it? Did you ever hear the clip I just played for you? Did you hear exactly what he just said? There are some people who still just would rather believe the lie than to hear the truth. But I think the most interesting question may be, why now for Snopes?

I mean, why? Seven years later. Why now admit to the truth? It's been obvious for quite some time. It was obvious from day one. You could listen to that full clip in context. It didn't take deep investigative research. So why now? Hmm, that's interesting, right? Will Joe Biden repeat that lie on Thursday night in the CNN presidential debate, which will be simulcast on Fox? He said it's why he ran for president. Will the campaign continue to, as they have for years now,

say that Donald Trump called white nationalists, very fine people? Will anybody fact check it? Will anybody bring up Snopes? If so, why are they selling out Joe Biden right now? one of the main pillars of his reason for running for president. Why would they take away that talking point? Why now? Less than good news for Donald Trump makes me wonder.

Fact checkers who obviously have no interest in checking facts might be less about good news for Donald Trump. Might be really bad news for Joe Biden. All right, I paid my debt to Tyrus. Muscle shirt? mini championship belt, backward hat, all for your viewing pleasure

this past weekend on Fox and Friends weekend. I'll pay that debt forward to you next on the Will Kane show. The new BMO, V.I. Porter MasterCard is your ticket to more. More perks, more points, more flights, more of all the things you want in a travel rewards card, and then some. Get your ticket to more with the new BMOV-I-Porter MasterCard and get up to $2,400 in value in your first 13 months.

Terms and conditions apply. Visit BMO.com slash V-I-Porter to learn more. Man of my word, pay my debts, paid Tyrus. For the Mavericks losing to the Celtics on Fox and Friends Weekend. That's coming up. on the Will Cain Show streaming live at Fox News.com, the Fox News YouTube channel, the Fox News Facebook page.

Hit subscribe on Apple or Spotify to listen to the Will Cain Show and hit subscribe on YouTube to watch the Will Cain Show and become a part of our community. Like Eric Reid, who said, I disagree with Dave Ramsey. Productivity and company growth

skyrocketed for most companies while most worked from home. I don't think that's factually true, Eric. I think that most research suggested the productivity went down during the pandemic and work from home. I'm happy to hear the stats that you have, the research, and I'll happy to grab mine, but my understanding is Dave is right. Productivity went down during work from home.

Mark Wells says, bro, how is, how on earth is anyone voting for Biden? Would his voters even let him drive their car? That is such a really good hypothetical. Would you let Joe Biden drive you and rush our traffic to work? Would you let Joe Biden run America? Brandon Connor says on X, I actually listened to Dave Ramsey in 2007 to get out of debt, and here we are, I'm debt free. That's great. Congratulations, Brandon.

I'm sure it's not just financially healthy, but as Dave pointed out, it's actually physically healthy. It's a lot of cortisol out of your system. Good for your stress levels. James Faw on X says, young people are too lazy to buy a home. They're waiting for mom and dad to leave theirs. I don't know, James. You know, there's a lot of things to criticize future generations, younger generations about everybody wants to acquire wealth. I don't know that laziness is driving their lack of desire and homeownership.

Although I will say to your point, there's more and more people living at home at later and later ages. Denise Mizebiet says on YouTube, The poor economy is trivial in comparison to what O'Biden has done to this country on so many other fronts, open borders, for starters. And Don on YouTube says, what poor economy? There are some who think the economy's going great. That's kind of what Dave talks about. It's weird. It's a weird economy where there's a lot of insecurity, obviously high inflation, correspondingly high interest rates, threats to commercial real estate.

If commercial real estate fails, threats to banks. If banks fail, threat to the economy. economy and recession. Those are all real. Pressure on the poorer and working class members of America because inflation is a tax on the poor. But yet there's a lot of people walking around going, it's going fine for me. Everything's going fine for me. Hmm. Just makes me feel like we're skating out on thin ice in the middle of a pond. All right, so I made a bet with Tyrus. Maverick, Celtics, NBA finals. I never felt real good about the bets. I'm not even sure why I did it. But the bet was I would have to wear some attire of Tyrus's choosing.

I shirt that said, I love Tyrus, whatever it may be, on Fox and Friends. My co-host, this weekend, Rachel Campos Duffy and Charlie Hurt filming for Pete Hegg said, didn't know what was going to go down. Producers didn't know. I just said, hey, in the 9 o'clock hour, I need a little bit of time here. I got to pay a bet. And this is how it went on Fox and Friends Weekend. A small bet with Tyrus here.

You look like your incredible Hulk. That I would have to pay it on. I hope you're watching Tyrus. Oh, God, and it's a muscle shirt. This is horrible. This is worse than I thought. What is this? Like, oh, my.

It's not over, Rachel. Oh, oh, you have to dress like Tyrus. I've lost every piece of dignity and apparatus needed to do this show this morning. There you go. Okay. Boston Celtics champion, Tyrus, dignity sacrificed. There we are. if you're listening on podcast or radio, sleeveless.

And as the boys pointed out here in the wish, pretty pale, pretty pale, a little bit of farmers tan or a TV tan on the face. Yeah, guys, I mean, I would say, you know, dignity sacrificed, you know, how do you go from that to interviewing the president? But, I mean, I hate to hold up my championship belt and yell scoreboard, but I just did, I just did interview a former president and Donald Trump. So somehow I'm pulling it off. call me Matt Lauer, I guess.

Not the other parts of Matt Lauer, but, you know, the ability to make a fool of yourself and interview a president. Well, I think the little belt's pretty dope, actually. It's kind of cool. The shirt was all right. It looks like you work out in it. The hat just doesn't do it for you. I'm sorry to say. That was bad.

That was a bad look? Just not for you. Some people can't pull it off. Some people can. And Tyrus can. You cannot. I'll just put that out there. What are you saying ball cap in general or the backwards hat?

Backwards hat, for sure. You're a forward hat guy. Yeah, you're a forward hat guy. I am definitely a forward hat guy. I can't imagine a scenario where I would show up, like, side of the sideline of the soccer field. The boys are playing. I'm over there rocking a backwards fitted hat. I just can't imagine this scenario.

I hate to, like, you know, follow Colin Coward's lead. But I just, I don't, backwards hat's not a great look. Just not a good look. Unless you're middle school or young or something, I don't. You know, or Tyrus, but I don't want him to be mad at me. Or like a surfer, I guess maybe, like, you just got out of the, you just got done surfing, she just threw the hat on backwards. We have, like, long hair. Yeah.

Yeah. I think Pete could pull it off. Also, by the way, Pete's got gray hair, James. I mean. It's a vibe. I actually think Pete does wear a backwards hat. He would. Now that you say that, what I would wore that day.

I think Pete would wear in sincerity with earnestness. He would wear a basketball jersey, tank top, you know, and a backwards hat. I think he definitely would. With the tats and everything, yeah. I think I have, too. I think I have. No, not big on the visor either. I'm not a visor guy.

I don't think that's a good, I don't see that look. It doesn't work. You have to be a college football coach to pull that off. Like a 90s golfer. 90s college football coach like Steve Spurier You used to wear that on PJA Tour Yeah The tank top

I'm just also I've never been a tank top guy I don't don't I mean McAfee's got that market cornered And it looks normal on him Like you don't even think hey that guy's wearing a tank top But you I put on tank top And it's screaming That dude's got on a tank top

But that wasn't a tank top That was a cut off shirt That was like a cut with scissors shirt which is like a basketball look you know what I mean that like really short-end basketball look so just it's a tough look to pull off again but you know get some tan I was just happy I will I will I'll get some tan I want to keep the chest hair for making a national TV you know starring performance I saw that I was a little happy when I look back on it I that was my favorite my I was most happy that it there was not a starring performance for the chest hair

It was mainly remains hidden So leave it for the podcast All right So there you go Tyrus Tyrus smash That was what my T-shirt said That is also his social media profile There you go debt paid

Man of my word And looks like I now get a little mini Championship belt Championship belt for the losers Paying it off on Fox and Friends weekend All right that's going to do it for me today Hope you'll hit subscribe on Apple Spotify Leave a comment

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