Jason Hartman

See, if you listen to someone like Dave Ramsey, you're not getting this advantage. And listen, I don't want to bash Dave Ramsey too much because he's good for the market he serves. There's a lot of people that have stupid credit card debt and they got to stop overspending. And that's great. But Dave Ramsey will take you to sixth grade.

See, if you listen to someone like Dave Ramsey, you're not getting this advantage. And listen, I don't want to bash Dave Ramsey too much because he's good for the market he serves. There's a lot of people that have stupid credit card debt and they got to stop overspending. And that's great. But Dave Ramsey will take you to sixth grade.

Once you're going into seventh grade and eighth grade and ninth grade, you've got to graduate from Dave Ramsey. Okay. He's good for his market.

Once you're going into seventh grade and eighth grade and ninth grade, you've got to graduate from Dave Ramsey. Okay. He's good for his market.

I don't love him for where we're at. He can't teach you how to invest. That's right. He can teach you how to get out of debt. That's right. And that's good. You know, people need to do that. And that means consumer debt, not mortgage debt, which is an asset. Okay.

I don't love him for where we're at. He can't teach you how to invest. That's right. He can teach you how to get out of debt. That's right. And that's good. You know, people need to do that. And that means consumer debt, not mortgage debt, which is an asset. Okay.

Yeah. Yeah. So this wealth transfer is happening from lenders to borrowers all the time. Because think about it. Just like you said, you know, if you take out this loan, you pay it back in cheaper and cheaper and cheaper dollars. And that benefits you as the borrower. It also, there's this wealth transfer going on from old people to young people all the time.

Yeah. Yeah. So this wealth transfer is happening from lenders to borrowers all the time. Because think about it. Just like you said, you know, if you take out this loan, you pay it back in cheaper and cheaper and cheaper dollars. And that benefits you as the borrower. It also, there's this wealth transfer going on from old people to young people all the time.

I mean, look, you're probably a millennial, I'm guessing, right? I'm a Gen Xer, okay? I'm a little older. And so millennials like to complain, right? Right. And, you know, they have some legitimate complaints. Sure. But not all of them are totally legit. And, you know, one reason, by the way, let's take a little tangent. One reason the millennials maybe have less room to complain is this.

I mean, look, you're probably a millennial, I'm guessing, right? I'm a Gen Xer, okay? I'm a little older. And so millennials like to complain, right? Right. And, you know, they have some legitimate complaints. Sure. But not all of them are totally legit. And, you know, one reason, by the way, let's take a little tangent. One reason the millennials maybe have less room to complain is this.

Millennials are on the slow life plan. And so what they do is they make these comparisons and they say, well, when my parents were 30 years old. They could afford a house and, you know, it was a nice house, right? And I can't afford anything and I'm 30. But that's not an accurate comparison because the millennials are doing everything about six years later than their parents.

Millennials are on the slow life plan. And so what they do is they make these comparisons and they say, well, when my parents were 30 years old. They could afford a house and, you know, it was a nice house, right? And I can't afford anything and I'm 30. But that's not an accurate comparison because the millennials are doing everything about six years later than their parents.

So you got to compare a 36-year-old millennial to a 30-year-old baby boomer parent.

So you got to compare a 36-year-old millennial to a 30-year-old baby boomer parent.

And then it'll be more accurate. But then the millennials will say, well, you know, my baby boomer parents didn't have all this college debt. And they're right. The college debt is a scam. It's a complete scam, okay? You know, I call it the student loan debt enslavement industrial complex. It's terrible. But guess what your baby boomer parents did have in terms of an obligation?

And then it'll be more accurate. But then the millennials will say, well, you know, my baby boomer parents didn't have all this college debt. And they're right. The college debt is a scam. It's a complete scam, okay? You know, I call it the student loan debt enslavement industrial complex. It's terrible. But guess what your baby boomer parents did have in terms of an obligation?

They had children. And they were expensive, too.

They had children. And they were expensive, too.

Right. Yeah, you got kids. And so, you know, it's complicated, right? But there's this transfer going on from old people to young people every day. Why? Because old people hopefully have assets. They have savings accounts. They have stocks. and bonds. Those are their major assets. Now, of course, they have real estate too. They probably have equity in real estate.

Right. Yeah, you got kids. And so, you know, it's complicated, right? But there's this transfer going on from old people to young people every day. Why? Because old people hopefully have assets. They have savings accounts. They have stocks. and bonds. Those are their major assets. Now, of course, they have real estate too. They probably have equity in real estate.