The Global Story: Dave Ramsey - Iran, tariffs and affordability
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Hotel Mats Espoossa on enemmän kuin hotelli. Meillä olet kuin kotonasi. Kompaktista studiosta tilavaan huoneistoon, jossa oma keittiö, parveke ja jopa sauna. Olit siten työmatkalla, pidemmällä komennuksella tai minilomalla. Meillä viihdyt kuin kotona, hotellin palveluilla. Hotel Mats Espoon matinkylässä. Ajattomasti tyylikäs. Aina nykyaikainen.
Hi there, it's Tristan Redman, host of the Global Story podcast from the BBC, the show where we tell one in-depth story each weekday from where the world and America meet. And we've got a banging bonus episode for you. Affordability is the buzzword in the upcoming US midterm elections, but we've spoken with a financial guru, Dave Ramsey, who says we all have more control than we think. Can politicians and world events really impact our finances? or is it all down to us? Enjoy the show. The economy right now is tough, but as the US midterms bear down on us, can politicians do anything about it? On today's episode, we sit down with Dave Ramsey, the famous American financial guru, and he tells us it's not on politicians, it's on us.
If you elect a congressman because you think the congressman is going to change your life, you're a fool.
Millions of Americans listen to Dave Ramsey's show for financial advice. And if you've never heard him before, let me give you the vibe. It's a call-in show. So I'm getting ready to destroy your life as you know it. Dave's whole brand is tough love. And if you're one of the callers, maybe you don't always enjoy it. We're not going to spend any money on anything ever
for the next three years.
On the calls, Dave's sometimes exasperated, especially when the callers have debt, and especially if it's student debt for something like, say, a history degree.
It's a single mom trying to feed three kids and half of her debt is for a history degree.
Full disclosure here.
They're going to go $60,000 and $80,000 and $120,000 and $140,000 in debt to get a history degree.
I have a history degree. Not against history degrees. So maybe it's appropriate that I sat there with Dave to hear his take. From the BBC, I'm Tristan Redmond in London. And today on The Global Story, how could the cost of living crisis affect the elections? And why Dave Ramsey says politicians can't save you, only you can.
Dave Ramsey, fantastic to have you with us. Thank you so much for joining us from Nashville, Tennessee. Well, I'm honoured, Tristan. Good to hang out with you for a little bit. Could you introduce yourself, please, Dave, for the few listeners in the United States who don't already know you, but also for our listeners around the world who may not be so familiar?
I'm Dave Ramsey. I run a company called Ramsey Solutions, and we do podcasting and publishing.
Well, it's great to have you with us. So you have this podcast, Dave, where you speak to people about their financial questions, their worries, their concerns. And listening to your show, it strikes me that you're maybe more plugged into the financial concerns of Americans almost than anyone else I can think of. Is that a fair assessment?
Well, we have the honor of speaking to about 30 million a week between podcast and YouTube and talk radio. And certainly they're calling in. It's a call-in format. And so we're talking to the typical American, not necessarily all. A lot of financial shows are aimed at rich people. We're not. We're aimed at regular folks.
What is the overall focus of the episode and why does affordability matter for the US midterms?
And so we've
got
our finger pretty well on the pulse. We get to hear a lot. Some of it's kind of crazy and some of it's kind of sad and some of it's really fun.
Well, regular folks, as you say, all around the world, not just the United States, are preoccupied right now and have been for a little while with the question of the cost of living and affordability. So many of these concerns, Dave, are tethered to things which are beyond our control. So stuff like, you know, the stock market tariffs, global foreign policy, wars and conflicts. When did you first notice... Dave, that the cost of living and the price of things was becoming a major concern for Americans?
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–4:17
2
What is the overall focus of the episode and why does affordability matter for the US midterms?
4:17–14:28
3
Who is Dave Ramsey and what makes his financial advice resonate with millions of Americans?
14:28–23:45
4
What is Dave Ramsey’s core credo for handling financial crises and why does he stress “controlling the controllables”?
23:45–30:16