Buck Sexton

I can't count the number of times when I've actually gotten in a cab and I just start to get out of a cab now because I'm so used to an automatic charge going to my phone.

So the powers of these credit card companies is only going to grow in the decades ahead because young people like my kids never have cash.

I give them cash because I'm like, hey, make sure that everybody is taken care of because you need to have cash in an emergency, whatever else.

My kids are like, what?

Why would I ever need cash?

So I think the power of credit card companies is only going to grow.

No, 100%.

And look, I mean, again, these go into complicated aspects.

In order to talk about them intelligently, you have to have some measure of schooling on it.

And I just think financial literacy, we do a really poor job of explaining to kids how to balance checkbooks, how to understand mortgages, how to understand what credit card interest is, to understand how quickly...

compound interest works against you if you have those balances running forward, and also in a positive way, how much compounding works in your favor if you start saving.

I mean, every 10 years on average, if you buy S&P 500 index funds, you're going to double your money.

Well, if you're a kid and you can start saving money when you're 18, 20 years old, by the time you're 50, you're

You've tripped, you know, double, double, doubled just in the last 30 years.

And then if you live fortunate enough to be 80 or 90, you start compounding that on such an incredible level.

I don't think most kids think about it.

It's an optimistic way to think just to understand the larger context here.

And I wish we did a better job of setting this all up.

So we will take some of your calls, 800-282-2882.

We'll also go and take a couple of minutes of President Trump.