DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing All About Tariffs
Mar 21, 2025
Quint and Logan dive into the impact of tariffs on consumer prices, especially in the auto industry, highlighting how these trade policies increase costs for imported goods. They discuss the emotional toll of life transitions, like kids going to college, and the importance of focusing on personal goals amid market fluctuations. The conversation also touches on economic indicators such as unemployment and auto loan delinquencies, illustrating their effects on vehicle demand and pricing. Listeners are reminded to navigate financial decisions with a calm and steady approach.
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Son Leaving for College
- Quint Tatro reflects on his son's upcoming college departure.
- He recounts memories from his son's infancy to highlight the rapid passage of time.
Managing Anxiety
- Shut down social media and news consumption to combat anxiety.
- Find a way to serve others who cannot repay you, to re-center yourself.
Don't Let Headlines Drive Decisions
- Don't let news headlines dictate major life decisions like car purchases.
- Consider the broader economic context, such as rising unemployment and delinquencies, before reacting to tariffs.