November 20, 2025 • 20 mins
(November 20, 2025)
Host of ‘How to Money’ Joel Larsgaard joins the show to discuss ridiculous consumer items, chicken over beef, airlines being held accountable, and EVs losing popularity. The Trump administration accelerates its plan to shut down the education department. Dairy farms turn to cow cuddling for extra income.
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Episode Transcript
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Speaker 1 (00:00):
You're listening to Bill Handle on demand from kf I
am six forty because it Ben.
Speaker 2 (00:06):
Don't make that listen jive am six forty Bill Handle
here it used a Thursday morning, November twentieth time for
Joel Larsguard and how to Money Sunday right here at
twelve pm to two pm at how to Money Joel
is his social address.
Speaker 3 (00:23):
Good morning, Joel.
Speaker 1 (00:25):
Whatdy Bill?
Speaker 3 (00:26):
Hey, A couple of questions.
Speaker 2 (00:27):
I'm gonna throw them at you because I'm keep on
talking about this. I love the citizenship test, so I'm
gonna throw at to you. What are the required What
is the requirement to be president of the United States?
Speaker 1 (00:38):
You have to be at least thirty five and a
national born United States citizen.
Speaker 3 (00:43):
That's it. You were listening.
Speaker 1 (00:45):
I wasn't listening. I just know these things.
Speaker 3 (00:47):
Bill, very good.
Speaker 2 (00:48):
Okay, Well, good for you. Okay, you've just passed. Here
is another one. You have to be a judge. To
become a judge, you have to have previous judge ships
experience to become a federal judge or an appeals court.
What is the one court you don't even have.
Speaker 1 (01:06):
To be a judge. Oh uh, Supreme Court that's correct. Absolutely,
you can legal experience, right, and even that you.
Speaker 3 (01:15):
Don't have to have.
Speaker 2 (01:15):
No, you don't have to have any experience. You can
literally you Yeah, we can be a judge experience, we can.
You can be Supreme Court judges. No other judge ship
can you do that. You need experience as a judge,
but no other judge ship. Okay, Uh, they're okay, good
for you. All right, let's go right into howdomoney dot
(01:37):
com dot com? All right, Uh, here we go new
consumer items that either completely unnecessary and there's tons of those,
or insanely overpriced. Uh for example, an iPhone sock, a
three water bottle bottle, Come on, seriously, yeah, five hundred
(02:00):
dollars shirt. I can see that because there are crazy asss,
crazy ass designer clothing out there.
Speaker 3 (02:06):
But you know, is this becoming more prevalent?
Speaker 1 (02:10):
I mean, I think we're seeing a bigger gap trying
to reach people with luxury items and aspirational new inventions
in like the closing and clothing and consumer product space.
And so I get that. Why you might say, well,
some shirt could be worth five hundred dollars, right, but
this shirt in particular that you're mentioning is a five
(02:31):
hundred plus dollar plain white T shirt, and it doesn't
seem to have anything unique or interesting about it, And
what kind of sucker is actually going to work over
five hundred dollars for a plain white T shirt. You
mentioned the iPhone sock, it so seems like it should
be out of a Saturday Night Live skit. But this
(02:53):
is a real new item that costs two hundred and
thirty dollars to stick your one thousand dollars twelve hundred
dollars iPhone into. When I saw it, I was like,
this has to be a joke, but it's not. April First.
It's amazing the kind of products that are being put
out there, made to seem like they're normal things that, yeah,
you should totally consider buying. I hope that there's a
(03:13):
small market for these things, or a non existent market
for these things, because to me, they seem utterly ridiculous
and like a waste of your money.
Speaker 2 (03:20):
Yeah, five hundred dollars T shirt obviously made by some
designer brand, which I just don't get. I remember someone
that I was on a trip with who was wearing
tenant white tennis shoes, which is kind of neat.
Speaker 3 (03:37):
You know, and they look great.
Speaker 2 (03:38):
And across the label, across the back it said.
Speaker 3 (03:44):
What did it say? It said, Louis Vutan.
Speaker 2 (03:48):
Oh okay, those are pretty okay, I'll buy that, you know,
So what do you pay for Louis Vutan the best
tennis shoe out? There's one hundred and fifty bucks, right,
unless you're buying Air Jordan or something insane. So I
casually asked, Okay, I want your pair of sneakers.
Speaker 4 (04:06):
Thirteen hundred dollars for a Louis Biton shoe a sneaker, Yeah,
that be Come on really, And I think I want
to clarify.
Speaker 1 (04:18):
I think there is a difference often times between something
that you're gonna pay twenty dollars for and something you're
gonna pay fifty or sixty dollars for. Like, there is
a spectrum, and you might find that at the twenty
dollars level, the sweater that you buy is going to
pull apart pretty quickly. It's gonna last maybe one season.
You're not gonna be able to wear it over and over.
(04:39):
But if you upgrade and you spend a little bit
more because it's your nicer material, better construction, you're gonna
find oh yeah, Actually I'm able to keep this thing
around for four or five seasons or maybe maybe even longer.
And so when you think about it in terms of
like price per wear, I think it's a good way
to maybe think about stuff like clothing purchases, because it
is true by spending more money on certain things will
(05:02):
allow you to get more use out of it. But
they understand then you get to the luxury stuff like
Louis shoes, and it's like there's a point of no
return at which you're not actually getting better price per
wear out of it. You're just spending more to signal something.
Speaker 2 (05:16):
Yeah, I mean sneakers again, I've been wearing New Balance
for a million years. I mean one hundred and fifty
dollars for a pair of sneaks. You know that's money,
But you can't spend much more than that for a
quality pair of tennis shoes. To spend six seven, eight
hundred dollars to not get a lot more. And buying
(05:37):
clothing at Costco, do you know I have some shirts
and I'm not exaggerating here. I have shirts that I
bought from Costco twenty five years ago and they're hanging
in my closet.
Speaker 1 (05:51):
You know, I still have I still have shirts that
I bought at the thrift store twenty years ago that
I'm still wearing and they were probably worn by somebody
for twenty years before me.
Speaker 2 (05:59):
Okay, I feel much much better, all right. As we
go into the next segment, the EV's, the world of EV's,
it has changed completely. It used to be so hot,
and now it has fallen apart. And I have an
EV and thank goodness, I am leasing yet and my
(06:21):
lease is up in August because I'm going to hand
them an EV that's worth three dollars.
Speaker 3 (06:26):
Let's talk about this.
Speaker 1 (06:28):
Yeah, I mean, you're smart, Bill, because leasing an EB
was was often the advice and the smart way to
go because the of the all the you know, the
ways EV's were progressing better battery technology, and so they
are more of like a tech item than internal combustion
engine vehicle, which you know, twenty year old internal combustion
(06:50):
engine vehicle, as long as it's in good shape. You're like,
this is not too dissimilar from a brand new vehicle.
But the changes in battery technology are just just made
a lease make so much more sense and often made
more financial sense too, and you're not going to be
stuck with that thing, which is awesome because yeah, like
evs are not as they're not doing so hot as
a segment of the market when it comes to for cars,
(07:13):
and that was a large part of that is the
federal tax credit going away for used and for new evs,
and they're just so dang expensive.
Speaker 2 (07:22):
Yeah, that's so there's let me throw three reasons out
there and tell me if I'm right.
Speaker 3 (07:27):
One is the cost.
Speaker 2 (07:29):
They are more expensive than internal combustion cars. Reason number
two infrastructure where every corner has a gas station, not
every corner has a charging station. It takes three minutes
to fill your car up with gas. It can take
two hours to charge a car because there aren't that
(07:49):
many superchargers. And range anxiety, which I have plenty of.
How much juice do I have? When's it going to
run out? Where is the charging station? And I live
with that? So anything else you'd like to add or
did I get them all?
Speaker 1 (08:07):
I mean I think those are those are all true.
And the other thing, the other problem, major problem, which
is going to lead towards I think just less EV adoption.
It's partly the pricing, but it's partially just the fact
that manufacturers are struggling to turn a profit on these cars.
So even even with higher prices on evs that I
think the average EV is something like sixty thousand dollars
(08:29):
brand new, which is, you know, even higher than the
price of the average car, which is like close to
fifty grand. Manufacturers can't make money on the sale of
these cars, at least most of the them can't. Tesla
has found a way to have decent profit margins on
the cars they're making, but most of the other players
in the game, like Ford, is losing tons of money
(08:52):
with every v eev it sells, and so they basically said, hey,
I think we're gonna They're hinting at the fact that
they're not going to produce the Ford Lightning anymore, which
is the most popopular EV pickup truck. But hey, it
doesn't matter how popular it is, because even the most
popular EV pickup truck just doesn't sell enough, and because
of the lack of consumer interest, they're going to continue
to lose more money if they keep putting them out.
(09:13):
So I think we're going to see fewer evs on
the market in the near future, and we're going to
see automakers just kind of paring down what they make available.
Speaker 3 (09:22):
Yeah, one thing.
Speaker 2 (09:23):
When I bought my EV is you're never going to
pay for gas again bill. And on top of that,
I put in a charger at my house and I
charged during the day when I can, so I do
not pay for electricity with my solar system. And what
they didn't tell me is your tires are gone in
(09:45):
fifteen thousand miles. I went to replace my tires, and
because the car is so heavy on the tires, I said,
oh my god, eighteenth it was eighteen thousand miles, which
I had, and I went, how is that possible?
Speaker 3 (10:00):
And he said, eighteen.
Speaker 2 (10:01):
Thousand miles, You're lucky, and usually tires of thirty thirty
five thousand miles, So they sort of leave that out.
Speaker 3 (10:08):
You have to add double the cost of tires, if
not more.
Speaker 1 (10:12):
One hundred percent. There are all these extra costs. And
I love EV's I had a Nissan Leaf for like
six years. I think, I think they can be great,
and they might be the future. Hybrids are at least
the present right, and Toyota's doing so well because hybrids
are the reality for what most people want. And you're right,
there are all these extra costs that consumers are starting
(10:32):
to realize with evs. One of them is tires. For sure.
My sister has a Tesla, she's replacing her tires and
I just replaced mine. There was like a six hundred
dollars difference in what we had to pay for tires.
And then you're talking about insurance, higher insurance costs because
of full battery replacement necessity after a potential accident, and
so there are all these other things where people are like, oh,
(10:54):
I thought an EV was going to save me money
over time, and it might. There's a chance that it
might if you run out all then, especially if you're
charging at home, because the difference between charging at home
and charging at like a Tesla supercharging station, the price
that you pay, it's a massive gap. So if you're
charging at home ninety five percent of the time, you
might still be able to save money with an EV,
(11:16):
but you just have to be really careful about what
model you get and planning in for those other costs,
because evs are not some sort of like slam dunk decision.
Speaker 2 (11:24):
Yeah, my next car is going to be a hybrid
plug in hybrid, And that one makes sense because if
I'm not driving up from Orange County to the station,
which I Dole's every couple of weeks.
Speaker 3 (11:37):
I spend a day or two there.
Speaker 2 (11:39):
I'm driving around town, and I drive less than forty
miles between charges, which means that I'm not paying for electricity.
And if I run out of gas, well, if I
run out of electricity, if I run out of power,
I still have my gas, and that makes sense.
Speaker 3 (11:57):
How are they doing?
Speaker 1 (11:58):
So take a road trip in those two right, Thedeleas,
It's not a problem.
Speaker 3 (12:02):
Yeah, how are they doing? The plug in hybrids?
Speaker 1 (12:04):
You know, there just aren't all that many available, and
sometimes they can be. They can be on the more
expensive side than hybrids, and so it just depends on
how you're going to use it. You have more of
an upfront cost to make up. But like you said,
if you're driving, if you're using that sucker in sort
of the way that it's intended, which is, yeah, I
(12:25):
drive roughly, you know, forty to fifty miles a day,
I'm mostly running on the battery. I think it can
make a whole lot of sense, especially if you want
it for those occasional longer trips. Yeah, just know that
there's not as much selection in the plug in hybrid
range and there is in the traditional hybrid space or
in the EV space.
Speaker 3 (12:43):
Okay, Joel, as always, thank you.
Speaker 2 (12:46):
We'll catch you again next Thursday, this Sunday twelve to two,
host of how to Money.
Speaker 3 (12:52):
That's Joel.
Speaker 2 (12:52):
Also his address social address at how to Money Joel
and his website is howdomoney dot com.
Speaker 3 (12:59):
Joel, you have a good I'll catch you on Sunday.
All right, thanks Bill, Okay, and stop shaking your head, Neil.
Speaker 2 (13:04):
All right, now, the Trump administration and as has been promised,
is shutting down and now accelerating the Education Department.
Speaker 3 (13:15):
It's done.
Speaker 2 (13:15):
They're dismantling it. And here's what they're doing. You see
all you do is here. Oh they're dismantling the Department
of Education. No more Department of Education, no more money.
Speaker 3 (13:26):
Well that's not true. And we don't know if this
is going to work or not. But what he is.
Speaker 2 (13:31):
Doing is transferring the money and the administration to other
agencies and is saying the money stays the same. And
since he is dismantling the department, and by the way,
I have no idea what the department costs outside of
the money that's given for education. I'm talking about the
bureaucracy of the department. No one knows how many workers
(13:56):
the other agencies will have. But the argument is, let's
get rid of an entire department, and if the money
stays the same, which the administration is saying, the grant
stay the same, then it makes sense.
Speaker 3 (14:14):
The waste.
Speaker 2 (14:16):
They always argue fraud, but the bucracy, the bloated bureaucracy.
Speaker 3 (14:20):
By the way, the Department of Education.
Speaker 2 (14:22):
You think of the Department of Education, and having been
there around four a zillion years, you know, this Department
of Education was created nineteen seventy nine.
Speaker 1 (14:30):
That's it.
Speaker 2 (14:31):
That's as long it's been around under Jimmy Carter is
when it was created. Now, the original Department of Education,
here's a little FACTOI little history, and it wasn't called
the Department of Education, but its predecessor, which basically did
the same thing estabused curriculum, etc. Was created in eighteen
sixty seven by Andrew Johnson, the vice president who became
(14:56):
president after the assassination of Abraham Lincoln.
Speaker 3 (15:00):
So the administration is saying Linda McMahon.
Speaker 2 (15:05):
Us Secretary of Education, who of course was instrumental in
being married to the guy who invented worldwide wrestling. The
Trump administration is taking bold action to break up the
federal education bureaucracy and return education to the States, and
that's another part of the philosophy is that education should
not be national. As a matter of fact, there's a
(15:27):
huge argument that education shouldn't be a purview of the state.
It should be a purview only of local school districts,
and there's an argument for that. So the key strategy
here is partnerships with other federal agencies will take on
the education department responsibilities.
Speaker 3 (15:50):
Is it going to work? Who the hell knows?
Speaker 2 (15:53):
Another fly in the ointment, of course, is part and
parcel of all of this is the Trump philosophy of
eliminating uh de I d E d I DEI departments.
Speaker 3 (16:08):
Do I have that right?
Speaker 2 (16:09):
D y I do it yourself? No, it's DEI exactly.
I'll figure this out. And there that is part of
it where the administration is saying, uh, you know, the
anti semitism that we view on campuses and the money
you still give the campuses Department of Education. That is
the political side of it. The detractors of this are
(16:33):
arguing this is political. Maybe it is, but if the
money is still going to be spent, you have to
talk about the other side of it. You can't just
talk about the dismantling of the department without bringing up saying, well,
let's look at what is still going to remain and
if it's the program, it's still the money and it
(16:54):
is simply administered by another agency within the government. Okay,
at least let's talk about it. Okay, We're done with that,
all right, real quickly. Our last segment, and that has
to do with dairy farmers. Dairy farmers are going broke.
There's not enough money to be made. The production of
dairy products. Milk is way up because cows are producing
(17:17):
a lot more milk because of the technology, and so
they have to and the prices have drop, so they
have to do something else to make money. And as
I said, you will never guess. So, Neil, let me
throw it to you for a moment. What do you
think dairy farmers are doing to make extra money.
Speaker 1 (17:39):
I have zero clue.
Speaker 2 (17:42):
Okay, old dancing, that's very good, pull dancing with cows.
Speaker 3 (17:47):
No, it's something called cow cuddling. They cuddle cows. People
cuddle cows.
Speaker 2 (17:56):
It actually grew in popularity when people were seeking some
kind of connection during the pandemic, and it's grown and
grown in recent months. And what farmers do is train
their cows to teach them to sit and snuggle.
Speaker 3 (18:10):
You can actually do that, which I didn't know.
Speaker 1 (18:14):
Bill Ann and I have been researching, okay, and did
all the research.
Speaker 3 (18:18):
We found a place here where we can cowcuttle. We're
going to go. That's unbelievable. We're gonna go. Yeah.
Speaker 2 (18:24):
It's usually they use younger cows, you know, because they're
so small, you know, little baby cows, because they weigh
like sixty eighty pounds. I mean, when you get a
big cow, it's twelve hundred dollars in their or twelve
hundred pounds, and they're kind.
Speaker 3 (18:38):
Of hard to easy epstein gee. Yeah.
Speaker 2 (18:42):
There's one dairy farmer, Fiona Wilson, that was interviewed by
the Washington Post for this article. She said, it's similar
to having a dog on your lap. It's a bit
like a cow spaw.
Speaker 1 (18:55):
Really.
Speaker 2 (18:55):
They just sprawl out and people stroke them under their
chin where they love to be stroked. And there are
some farmers that have given up dairy farming. Completely and
are doing nothing but cow cuddling. It is growing so quickly,
and there are a couple of farmers I think absolutely brilliant.
(19:17):
Is cow cuddling happens when they're little ones and they're
given a disc a coupon for a discount for a
state dinner a year later at the dairy farm. Okay,
we are done. On a Thursday morning, November twentieth. Keep
in mind, I'm taking phone calls in just a moment
(19:39):
for handle on the law, marginal legal advice, where I
tell you have no case and I will be answering
calls for I don't know thirty forty minutes and you
can call me in. There's no breaks, no commercials, no weather,
no traffic, none of that and no patience on my part.
Speaker 3 (19:55):
So I get right through it.
Speaker 2 (19:56):
Eight seven seven five two zero eleven fifty starting and
just the moment eight seven seven five two zero eleven
fifty again.
Speaker 3 (20:05):
It starts with wake.
Speaker 2 (20:06):
Up call Will and Amy at five o'clock tomorrow morning.
It's Friday, so we're gonna have ask handle anything. And
the four footy Friday with Neil at eight o'clock. And
so it's five o'clock tomorrow Amy and Neil, Amy and
Will Neil and I come aboard. And of course we
(20:26):
have Ann and Kono who are always here ready to
cuddle so they can earn a couple of extra bucks.
This is exactly that's what they by the way, that's
how they answer you when you ask a question.
Speaker 3 (20:40):
Twenty seven. This is KFI AM six forty. You've been
listening to the Bill Handle Show.
Speaker 2 (20:47):
Catch my Show Monday through Friday, six am to nine am,
and anytime on demand on the iHeartRadio app.
You're listening to Bill Handle on demand from kf I
am six forty because it Ben.
Speaker 2 (00:06):
Don't make that listen jive am six forty Bill Handle
here it used a Thursday morning, November twentieth time for
Joel Larsguard and how to Money Sunday right here at
twelve pm to two pm at how to Money Joel
is his social address.
Speaker 3 (00:23):
Good morning, Joel.
Speaker 1 (00:25):
Whatdy Bill?
Speaker 3 (00:26):
Hey, A couple of questions.
Speaker 2 (00:27):
I'm gonna throw them at you because I'm keep on
talking about this. I love the citizenship test, so I'm
gonna throw at to you. What are the required What
is the requirement to be president of the United States?
Speaker 1 (00:38):
You have to be at least thirty five and a
national born United States citizen.
Speaker 3 (00:43):
That's it. You were listening.
Speaker 1 (00:45):
I wasn't listening. I just know these things.
Speaker 3 (00:47):
Bill, very good.
Speaker 2 (00:48):
Okay, Well, good for you. Okay, you've just passed. Here
is another one. You have to be a judge. To
become a judge, you have to have previous judge ships
experience to become a federal judge or an appeals court.
What is the one court you don't even have.
Speaker 1 (01:06):
To be a judge. Oh uh, Supreme Court that's correct. Absolutely,
you can legal experience, right, and even that you.
Speaker 3 (01:15):
Don't have to have.
Speaker 2 (01:15):
No, you don't have to have any experience. You can
literally you Yeah, we can be a judge experience, we can.
You can be Supreme Court judges. No other judge ship
can you do that. You need experience as a judge,
but no other judge ship. Okay, Uh, they're okay, good
for you. All right, let's go right into howdomoney dot
(01:37):
com dot com? All right, Uh, here we go new
consumer items that either completely unnecessary and there's tons of those,
or insanely overpriced. Uh for example, an iPhone sock, a
three water bottle bottle, Come on, seriously, yeah, five hundred
(02:00):
dollars shirt. I can see that because there are crazy asss,
crazy ass designer clothing out there.
Speaker 3 (02:06):
But you know, is this becoming more prevalent?
Speaker 1 (02:10):
I mean, I think we're seeing a bigger gap trying
to reach people with luxury items and aspirational new inventions
in like the closing and clothing and consumer product space.
And so I get that. Why you might say, well,
some shirt could be worth five hundred dollars, right, but
this shirt in particular that you're mentioning is a five
(02:31):
hundred plus dollar plain white T shirt, and it doesn't
seem to have anything unique or interesting about it, And
what kind of sucker is actually going to work over
five hundred dollars for a plain white T shirt. You
mentioned the iPhone sock, it so seems like it should
be out of a Saturday Night Live skit. But this
(02:53):
is a real new item that costs two hundred and
thirty dollars to stick your one thousand dollars twelve hundred
dollars iPhone into. When I saw it, I was like,
this has to be a joke, but it's not. April First.
It's amazing the kind of products that are being put
out there, made to seem like they're normal things that, yeah,
you should totally consider buying. I hope that there's a
(03:13):
small market for these things, or a non existent market
for these things, because to me, they seem utterly ridiculous
and like a waste of your money.
Speaker 2 (03:20):
Yeah, five hundred dollars T shirt obviously made by some
designer brand, which I just don't get. I remember someone
that I was on a trip with who was wearing
tenant white tennis shoes, which is kind of neat.
Speaker 3 (03:37):
You know, and they look great.
Speaker 2 (03:38):
And across the label, across the back it said.
Speaker 3 (03:44):
What did it say? It said, Louis Vutan.
Speaker 2 (03:48):
Oh okay, those are pretty okay, I'll buy that, you know,
So what do you pay for Louis Vutan the best
tennis shoe out? There's one hundred and fifty bucks, right,
unless you're buying Air Jordan or something insane. So I
casually asked, Okay, I want your pair of sneakers.
Speaker 4 (04:06):
Thirteen hundred dollars for a Louis Biton shoe a sneaker, Yeah,
that be Come on really, And I think I want
to clarify.
Speaker 1 (04:18):
I think there is a difference often times between something
that you're gonna pay twenty dollars for and something you're
gonna pay fifty or sixty dollars for. Like, there is
a spectrum, and you might find that at the twenty
dollars level, the sweater that you buy is going to
pull apart pretty quickly. It's gonna last maybe one season.
You're not gonna be able to wear it over and over.
(04:39):
But if you upgrade and you spend a little bit
more because it's your nicer material, better construction, you're gonna
find oh yeah, Actually I'm able to keep this thing
around for four or five seasons or maybe maybe even longer.
And so when you think about it in terms of
like price per wear, I think it's a good way
to maybe think about stuff like clothing purchases, because it
is true by spending more money on certain things will
(05:02):
allow you to get more use out of it. But
they understand then you get to the luxury stuff like
Louis shoes, and it's like there's a point of no
return at which you're not actually getting better price per
wear out of it. You're just spending more to signal something.
Speaker 2 (05:16):
Yeah, I mean sneakers again, I've been wearing New Balance
for a million years. I mean one hundred and fifty
dollars for a pair of sneaks. You know that's money,
But you can't spend much more than that for a
quality pair of tennis shoes. To spend six seven, eight
hundred dollars to not get a lot more. And buying
(05:37):
clothing at Costco, do you know I have some shirts
and I'm not exaggerating here. I have shirts that I
bought from Costco twenty five years ago and they're hanging
in my closet.
Speaker 1 (05:51):
You know, I still have I still have shirts that
I bought at the thrift store twenty years ago that
I'm still wearing and they were probably worn by somebody
for twenty years before me.
Speaker 2 (05:59):
Okay, I feel much much better, all right. As we
go into the next segment, the EV's, the world of EV's,
it has changed completely. It used to be so hot,
and now it has fallen apart. And I have an
EV and thank goodness, I am leasing yet and my
(06:21):
lease is up in August because I'm going to hand
them an EV that's worth three dollars.
Speaker 3 (06:26):
Let's talk about this.
Speaker 1 (06:28):
Yeah, I mean, you're smart, Bill, because leasing an EB
was was often the advice and the smart way to
go because the of the all the you know, the
ways EV's were progressing better battery technology, and so they
are more of like a tech item than internal combustion
engine vehicle, which you know, twenty year old internal combustion
(06:50):
engine vehicle, as long as it's in good shape. You're like,
this is not too dissimilar from a brand new vehicle.
But the changes in battery technology are just just made
a lease make so much more sense and often made
more financial sense too, and you're not going to be
stuck with that thing, which is awesome because yeah, like
evs are not as they're not doing so hot as
a segment of the market when it comes to for cars,
(07:13):
and that was a large part of that is the
federal tax credit going away for used and for new evs,
and they're just so dang expensive.
Speaker 2 (07:22):
Yeah, that's so there's let me throw three reasons out
there and tell me if I'm right.
Speaker 3 (07:27):
One is the cost.
Speaker 2 (07:29):
They are more expensive than internal combustion cars. Reason number
two infrastructure where every corner has a gas station, not
every corner has a charging station. It takes three minutes
to fill your car up with gas. It can take
two hours to charge a car because there aren't that
(07:49):
many superchargers. And range anxiety, which I have plenty of.
How much juice do I have? When's it going to
run out? Where is the charging station? And I live
with that? So anything else you'd like to add or
did I get them all?
Speaker 1 (08:07):
I mean I think those are those are all true.
And the other thing, the other problem, major problem, which
is going to lead towards I think just less EV adoption.
It's partly the pricing, but it's partially just the fact
that manufacturers are struggling to turn a profit on these cars.
So even even with higher prices on evs that I
think the average EV is something like sixty thousand dollars
(08:29):
brand new, which is, you know, even higher than the
price of the average car, which is like close to
fifty grand. Manufacturers can't make money on the sale of
these cars, at least most of the them can't. Tesla
has found a way to have decent profit margins on
the cars they're making, but most of the other players
in the game, like Ford, is losing tons of money
(08:52):
with every v eev it sells, and so they basically said, hey,
I think we're gonna They're hinting at the fact that
they're not going to produce the Ford Lightning anymore, which
is the most popopular EV pickup truck. But hey, it
doesn't matter how popular it is, because even the most
popular EV pickup truck just doesn't sell enough, and because
of the lack of consumer interest, they're going to continue
to lose more money if they keep putting them out.
(09:13):
So I think we're going to see fewer evs on
the market in the near future, and we're going to
see automakers just kind of paring down what they make available.
Speaker 3 (09:22):
Yeah, one thing.
Speaker 2 (09:23):
When I bought my EV is you're never going to
pay for gas again bill. And on top of that,
I put in a charger at my house and I
charged during the day when I can, so I do
not pay for electricity with my solar system. And what
they didn't tell me is your tires are gone in
(09:45):
fifteen thousand miles. I went to replace my tires, and
because the car is so heavy on the tires, I said,
oh my god, eighteenth it was eighteen thousand miles, which
I had, and I went, how is that possible?
Speaker 3 (10:00):
And he said, eighteen.
Speaker 2 (10:01):
Thousand miles, You're lucky, and usually tires of thirty thirty
five thousand miles, So they sort of leave that out.
Speaker 3 (10:08):
You have to add double the cost of tires, if
not more.
Speaker 1 (10:12):
One hundred percent. There are all these extra costs. And
I love EV's I had a Nissan Leaf for like
six years. I think, I think they can be great,
and they might be the future. Hybrids are at least
the present right, and Toyota's doing so well because hybrids
are the reality for what most people want. And you're right,
there are all these extra costs that consumers are starting
(10:32):
to realize with evs. One of them is tires. For sure.
My sister has a Tesla, she's replacing her tires and
I just replaced mine. There was like a six hundred
dollars difference in what we had to pay for tires.
And then you're talking about insurance, higher insurance costs because
of full battery replacement necessity after a potential accident, and
so there are all these other things where people are like, oh,
(10:54):
I thought an EV was going to save me money
over time, and it might. There's a chance that it
might if you run out all then, especially if you're
charging at home, because the difference between charging at home
and charging at like a Tesla supercharging station, the price
that you pay, it's a massive gap. So if you're
charging at home ninety five percent of the time, you
might still be able to save money with an EV,
(11:16):
but you just have to be really careful about what
model you get and planning in for those other costs,
because evs are not some sort of like slam dunk decision.
Speaker 2 (11:24):
Yeah, my next car is going to be a hybrid
plug in hybrid, And that one makes sense because if
I'm not driving up from Orange County to the station,
which I Dole's every couple of weeks.
Speaker 3 (11:37):
I spend a day or two there.
Speaker 2 (11:39):
I'm driving around town, and I drive less than forty
miles between charges, which means that I'm not paying for electricity.
And if I run out of gas, well, if I
run out of electricity, if I run out of power,
I still have my gas, and that makes sense.
Speaker 3 (11:57):
How are they doing?
Speaker 1 (11:58):
So take a road trip in those two right, Thedeleas,
It's not a problem.
Speaker 3 (12:02):
Yeah, how are they doing? The plug in hybrids?
Speaker 1 (12:04):
You know, there just aren't all that many available, and
sometimes they can be. They can be on the more
expensive side than hybrids, and so it just depends on
how you're going to use it. You have more of
an upfront cost to make up. But like you said,
if you're driving, if you're using that sucker in sort
of the way that it's intended, which is, yeah, I
(12:25):
drive roughly, you know, forty to fifty miles a day,
I'm mostly running on the battery. I think it can
make a whole lot of sense, especially if you want
it for those occasional longer trips. Yeah, just know that
there's not as much selection in the plug in hybrid
range and there is in the traditional hybrid space or
in the EV space.
Speaker 3 (12:43):
Okay, Joel, as always, thank you.
Speaker 2 (12:46):
We'll catch you again next Thursday, this Sunday twelve to two,
host of how to Money.
Speaker 3 (12:52):
That's Joel.
Speaker 2 (12:52):
Also his address social address at how to Money Joel
and his website is howdomoney dot com.
Speaker 3 (12:59):
Joel, you have a good I'll catch you on Sunday.
All right, thanks Bill, Okay, and stop shaking your head, Neil.
Speaker 2 (13:04):
All right, now, the Trump administration and as has been promised,
is shutting down and now accelerating the Education Department.
Speaker 3 (13:15):
It's done.
Speaker 2 (13:15):
They're dismantling it. And here's what they're doing. You see
all you do is here. Oh they're dismantling the Department
of Education. No more Department of Education, no more money.
Speaker 3 (13:26):
Well that's not true. And we don't know if this
is going to work or not. But what he is.
Speaker 2 (13:31):
Doing is transferring the money and the administration to other
agencies and is saying the money stays the same. And
since he is dismantling the department, and by the way,
I have no idea what the department costs outside of
the money that's given for education. I'm talking about the
bureaucracy of the department. No one knows how many workers
(13:56):
the other agencies will have. But the argument is, let's
get rid of an entire department, and if the money
stays the same, which the administration is saying, the grant
stay the same, then it makes sense.
Speaker 3 (14:14):
The waste.
Speaker 2 (14:16):
They always argue fraud, but the bucracy, the bloated bureaucracy.
Speaker 3 (14:20):
By the way, the Department of Education.
Speaker 2 (14:22):
You think of the Department of Education, and having been
there around four a zillion years, you know, this Department
of Education was created nineteen seventy nine.
Speaker 1 (14:30):
That's it.
Speaker 2 (14:31):
That's as long it's been around under Jimmy Carter is
when it was created. Now, the original Department of Education,
here's a little FACTOI little history, and it wasn't called
the Department of Education, but its predecessor, which basically did
the same thing estabused curriculum, etc. Was created in eighteen
sixty seven by Andrew Johnson, the vice president who became
(14:56):
president after the assassination of Abraham Lincoln.
Speaker 3 (15:00):
So the administration is saying Linda McMahon.
Speaker 2 (15:05):
Us Secretary of Education, who of course was instrumental in
being married to the guy who invented worldwide wrestling. The
Trump administration is taking bold action to break up the
federal education bureaucracy and return education to the States, and
that's another part of the philosophy is that education should
not be national. As a matter of fact, there's a
(15:27):
huge argument that education shouldn't be a purview of the state.
It should be a purview only of local school districts,
and there's an argument for that. So the key strategy
here is partnerships with other federal agencies will take on
the education department responsibilities.
Speaker 3 (15:50):
Is it going to work? Who the hell knows?
Speaker 2 (15:53):
Another fly in the ointment, of course, is part and
parcel of all of this is the Trump philosophy of
eliminating uh de I d E d I DEI departments.
Speaker 3 (16:08):
Do I have that right?
Speaker 2 (16:09):
D y I do it yourself? No, it's DEI exactly.
I'll figure this out. And there that is part of
it where the administration is saying, uh, you know, the
anti semitism that we view on campuses and the money
you still give the campuses Department of Education. That is
the political side of it. The detractors of this are
(16:33):
arguing this is political. Maybe it is, but if the
money is still going to be spent, you have to
talk about the other side of it. You can't just
talk about the dismantling of the department without bringing up saying, well,
let's look at what is still going to remain and
if it's the program, it's still the money and it
(16:54):
is simply administered by another agency within the government. Okay,
at least let's talk about it. Okay, We're done with that,
all right, real quickly. Our last segment, and that has
to do with dairy farmers. Dairy farmers are going broke.
There's not enough money to be made. The production of
dairy products. Milk is way up because cows are producing
(17:17):
a lot more milk because of the technology, and so
they have to and the prices have drop, so they
have to do something else to make money. And as
I said, you will never guess. So, Neil, let me
throw it to you for a moment. What do you
think dairy farmers are doing to make extra money.
Speaker 1 (17:39):
I have zero clue.
Speaker 2 (17:42):
Okay, old dancing, that's very good, pull dancing with cows.
Speaker 3 (17:47):
No, it's something called cow cuddling. They cuddle cows. People
cuddle cows.
Speaker 2 (17:56):
It actually grew in popularity when people were seeking some
kind of connection during the pandemic, and it's grown and
grown in recent months. And what farmers do is train
their cows to teach them to sit and snuggle.
Speaker 3 (18:10):
You can actually do that, which I didn't know.
Speaker 1 (18:14):
Bill Ann and I have been researching, okay, and did
all the research.
Speaker 3 (18:18):
We found a place here where we can cowcuttle. We're
going to go. That's unbelievable. We're gonna go. Yeah.
Speaker 2 (18:24):
It's usually they use younger cows, you know, because they're
so small, you know, little baby cows, because they weigh
like sixty eighty pounds. I mean, when you get a
big cow, it's twelve hundred dollars in their or twelve
hundred pounds, and they're kind.
Speaker 3 (18:38):
Of hard to easy epstein gee. Yeah.
Speaker 2 (18:42):
There's one dairy farmer, Fiona Wilson, that was interviewed by
the Washington Post for this article. She said, it's similar
to having a dog on your lap. It's a bit
like a cow spaw.
Speaker 1 (18:55):
Really.
Speaker 2 (18:55):
They just sprawl out and people stroke them under their
chin where they love to be stroked. And there are
some farmers that have given up dairy farming. Completely and
are doing nothing but cow cuddling. It is growing so quickly,
and there are a couple of farmers I think absolutely brilliant.
(19:17):
Is cow cuddling happens when they're little ones and they're
given a disc a coupon for a discount for a
state dinner a year later at the dairy farm. Okay,
we are done. On a Thursday morning, November twentieth. Keep
in mind, I'm taking phone calls in just a moment
(19:39):
for handle on the law, marginal legal advice, where I
tell you have no case and I will be answering
calls for I don't know thirty forty minutes and you
can call me in. There's no breaks, no commercials, no weather,
no traffic, none of that and no patience on my part.
Speaker 3 (19:55):
So I get right through it.
Speaker 2 (19:56):
Eight seven seven five two zero eleven fifty starting and
just the moment eight seven seven five two zero eleven
fifty again.
Speaker 3 (20:05):
It starts with wake.
Speaker 2 (20:06):
Up call Will and Amy at five o'clock tomorrow morning.
It's Friday, so we're gonna have ask handle anything. And
the four footy Friday with Neil at eight o'clock. And
so it's five o'clock tomorrow Amy and Neil, Amy and
Will Neil and I come aboard. And of course we
(20:26):
have Ann and Kono who are always here ready to
cuddle so they can earn a couple of extra bucks.
This is exactly that's what they by the way, that's
how they answer you when you ask a question.
Speaker 3 (20:40):
Twenty seven. This is KFI AM six forty. You've been
listening to the Bill Handle Show.
Speaker 2 (20:47):
Catch my Show Monday through Friday, six am to nine am,
and anytime on demand on the iHeartRadio app.
The Bill Handel Show News
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