Not Buying It

" Horrible credit cards and help you save for retirement and reduce your dad will Dave Ramsey is not buying it Dave joins us final testing on that. -- Skies simply for our side anyway you can see him on the fox business network at 8 PM eastern time where we've all taken to calling him sir. On the off Dave -- added my friend what this critical -- on paper it does sound intriguing why should I not buy it."

" Well I mean you were talking about The Wall Street Journal article where we had fidelity coming out with they're gonna put fifty bucks and here. In your IRA if you spend 5000 with them. -- That's not that's not doing well if you know less time I checked my calculator above fifty dollars and they're -- your retirement plan not going to change your life. Are you get an extra large canned Alpo is that it just outgrow it retirement if that's what you do but. Maybe fidelity is a legitimate a legitimate companies got some wonderful mutual funds they've got a family of funds that I respect I -- a few of them. But this is one of those gimmick. Garbage credit card offers and the same thing's true with the you know Wells Fargo. King of the sub prime mortgages now going to give people out of debt. Give me a break and so yeah I'm not trust the wolf in the here and now some -- get a bank to show me how to get out of debt. I don't think so they've got a debt -- solid nation program."

" I'm not going to wear -- on online soon to reveal fidelity and Wells -- they just canceled their sponsorship. They've they've been angry with me -- I'd -- that would -- the argument for this is. It sounds good on paper -- you can incentivized people it's is saved an entire net combined. Again. I guess a debt. With with with an investment. That's really what they're doing."

" Yet while you're going to be spending the only way. The idea is you're going to be spending anyway you're going to be using your credit card anyway right so we might as well get some points for -- discover has their little. Discover brownie points and you know the gas companies used to do that with the gas cards and I mean there was even a GM card remember that Israel went I don't that's -- hard -- you know if you if you spell."

" Mercury program is -- you are the points and rewards your sang lead. Is usually having a card to get points your your your full."

" Yeah you are because -- brasserie did a study on these things -- when you spin with these instead of with les. You spend twelve to 18% more. Because if you like uncle Benjamin Franklin down you have a moment right there given out she moment when you spend him aside pool which just bought something. When you spend these things down you swipe out you don't emotionally realise but does that apply identity cards and debit cards is a different story right. But that -- to kind of in the middle you're gonna spend more with a debit card than you both cash but at least you've got -- in the rattling back in your brain that -- to -- the money in the checking account it's not a got to pay for by next Christmas. So I you know you just stop and think it's a behavior modification issues when it comes down to. And really these guys are in the business of getting you in debt they're not in the business of getting you out they don't make money when your out of debt."

" Other real quickly we were talking to the toys RC a not to Longo said. Parents will always buy for their kids and as a certain guilt mentality develop certain holidays that the kids got to get presents what he's."

" Who walked out all wheel fifth -- fifth I don't know by the so that -- out of new CEO of Toys 'R' Us but we've all known for awhile. I give the kids are always going to get gifts and hate -- that's what Christmas is about maybe it's not -- through them maybe it's somebody else I don't know. But if it's about getting some stuff for the kids now are. Are we out of control -- or buying for the kids like we are out of control always -- in -- aren't gonna win sure sure we need to be -- even. We need to give the kids of a reasonable value system but Christmas is about children are. Yes indeed are greedy adults on Dave -- practices what it preaches his wallet is like as thick as the state its cash he doesn't use it when you go -- I -- I mean and anyway Dave always good seeing you my friend be well. You to you America."