Back to the Classroom: Dealing with Headlines

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DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing 23 min 4 speakers 2 chapters transcribed 1 month ago
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How are Quint and Allie introducing today’s ‘Back to the Classroom’ episode about headlines and markets?

Allie Howard 0:02
Hey, this is Ali, and thanks for listening to the show. Give us a five-star review where you listen and share this episode with someone who might need to hear it. Now, enjoy the show.
Quint (host) 0:13
Welcome back, ladies and gentlemen. You're listening to another edition of DIY Money.
Allie Howard 0:17
DIY Money. Hey. Howard. What's shaking? After this, I am running to the grocery store. You and everybody else. To prepare for this chaotic storm.
Quint (host) 0:27
Snowmageddon.
Allie Howard 0:30
Do you think we're actually going to get a foot of snow, which is a lot for Kentucky, for the listeners not in the state?
Quint (host) 0:39
I think we're going to get pummeled. And here's why I say this. There is more happening, in my opinion, on the news side of things than just like the traditional media outlets. I'm seeing this on Twitter, for example. People are posting this snow belt across the Midwest, and there's something to do with the solar blah, blah, blah or something time of year. You know more about this than I do. No, that's what I'm saying. I follow people typically on X that are finance and business. And here's the other thing. Natural gas prices... have had back-to-back days where they have risen more than 20%. People are going to be shocked when they pay their utility heating bill if they heat with natural gas in the month of January.
Quint (host) 1:32
It's going to be terrible.
Allie Howard 1:33
And you think we're going to get the snowstorm because we're still talking about it and seeing the headlines?
Quint (host) 1:37
I do. I think we're going to get the snowstorm. I think it's going to be brutal. It's not going to be great at all.
Allie Howard 1:41
What is your favorite snow day memory from childhood or maybe from raising your boys or something?
Quint (host) 1:48
Here's the deal. I am a little jaded. Oh, no. I grew up in western New York. Okay. This is like there's eight feet of snow. You're going to school. The only way we would miss school, and, I mean, this was so abnormal, would be if the snow came down at, like, 5, 10 a.m. Not 5, because if it was 5, those trucks were out there. They were salting, they were plowing, and you were going.
Unknown 2:22
Okay, campers, rise and shine, and don't forget your booties because it's cold out there. It's cold out there.
Quint (host) 2:28
At 510, they were like, oh, we can't get to it. And then we might have a snow day. One. One snow day. Oh, yeah. Wow. No, but and so here's the deal. I first moved to Kentucky. And like a lot of people from the north who moved to a southern state, you think to yourself, what is wrong with these people? Why can they not handle snow? Why do they drive like it's terrible? What is the problem? And you grow up, and you're used to this, and you're like, I'm driving. Okay, and then I did the following in my arrogance. I remember driving into the Kroger parking lot, and I'm behind somebody who's driving seven, right? In a speed zone, 45. They're driving seven, and I'm just getting more and more angry. I pull into the Kroger, they keep going straight, so I now can accelerate finally, even though I'm in a parking lot.
Quint (host) 3:21
To park. To park, but I got to get it out of my system. I then begin to slow down because I observe a spot. I slow down. I begin to try to put my brakes on. I proceed to slide through the entire parking lot. 27 spaces I pass until I get to the curb in the front where those blue poles are. I hit the curb. Are you serious? Oh, yeah. I do frame damage to my car. You must have got manure for your brains. Yeah, well, I'm from out of town.
Allie Howard 4:02
How much did you hit the accelerator out of anger? It wasn't that.
Quint (host) 4:05
This was the lesson that I learned. Do you know how much salt was on the parking lot of Kroger? Zero.
Allie Howard 4:11
Maybe if somebody spilled some kosher loading it in their car.
Quint (host) 4:14
None. And therefore, what I learned, and I mean, then I had to respect it. It's that it's not that people drive. I mean, yes, there is an element of like, oh. But the reality is no snow plows, no salt trucks. Now, we have them.
Allie Howard 4:31
I get it. But not very many.
Quint (host) 4:32
But not very many. And why is that? Well, it makes sense. I heard the guy today. He's like, well, we just can't ever handle that. And this is ridiculous. We should be able to. No, we shouldn't. Because we're not going to stock up on that salt.

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