My drug-induced weight loss update, PLUS the importance on learning when to "punt"
About this episode
The host shares a personal update on using weight loss drugs Ozempic and Wegovy, detailing initial success, side effects including gallbladder pain, and ultimately discontinuing the treatment. He emphasizes the importance of traditional diet and exercise for sustainable weight loss. The conversation then shifts to financial wisdom, specifically knowing when to 'punt' or walk away from tough decisions like expensive car or property purchases. The host reflects on generational differences in money management, stressing thriftiness and responsibility. The episode blends personal health experiences with practical advice on financial prudence and car buying.
Email Lennie at [email protected]
Lexus
"Now, I told the story of Lexus and what Ford is trying to copy that Lexus has done very successfully and that's reducing the number of parts that go into a vehicle."
Lexus is a brand that makes fancy, reliable cars. They are known for building cars with fewer parts to make them work better and last longer.
Lexus is the luxury vehicle division of the Japanese automaker Toyota, known for its high-quality, reliable, and well-engineered cars. The brand is often credited with pioneering manufacturing techniques that reduce complexity and improve reliability.
instrument panel
"I mean, folks, if you were to come to the dealership and just take a little tour in my shop and if you were to see an instrument panel, you know, the part that you can see that the gauges, the speedometer, tachometer, the radio, the air conditioning controls, the glove box, if you were to see what's behind that, you would be shocked."
The instrument panel is the part in front of the driver that shows important information like speed and controls for things like the radio and air conditioning.
The instrument panel is the part of a vehicle's interior that houses the gauges, controls, and displays such as the speedometer, tachometer, radio, and air conditioning controls. It is a complex assembly that integrates many components.
glove box
"...the part that you can see that the gauges, the speedometer, tachometer, the radio, the air conditioning controls, the glove box..."
The glove box is a little storage space in front of the passenger seat where you can keep things like your car papers or small items.
The glove box is a small storage compartment located in the dashboard of a vehicle, typically on the passenger side. It is used to store documents, small items, and sometimes vehicle manuals.
speedometer
"...the part that you can see that the gauges, the speedometer, tachometer, the radio, the air conditioning controls, the glove box..."
The speedometer is the dial or digital display that tells you how fast your car is going.
A speedometer is a gauge that shows the speed at which a vehicle is traveling. It is a standard part of the instrument panel in all vehicles.
tachometer
"...the part that you can see that the gauges, the speedometer, tachometer, the radio, the air conditioning controls, the glove box..."
The tachometer is a gauge that shows how fast the engine is spinning, which helps you know when to change gears or slow down.
A tachometer is a gauge that measures the engine's revolutions per minute (RPM), indicating how fast the engine is running. It helps drivers optimize gear shifts and engine performance.
Nissan Rogue
"an older Nissan Rogue and he had it all disassembled."
The Nissan Rogue is a type of small SUV that many people use for everyday driving because it is practical and comfortable.
The Nissan Rogue is a compact crossover SUV known for its practicality and popularity in the compact SUV market segment.
extended warranty
"If you saw that, you would say, oh gosh, I've got to buy an extended warranty."
An extended warranty is extra protection you can buy for your car that helps pay for repairs after the original warranty runs out.
An extended warranty is a service contract that covers vehicle repairs beyond the standard manufacturer warranty period, often at an additional cost.
cameras
"I tell you, one thing that has really driven up the cost of vehicles and I think totally unnecessarily, cameras, what do we need cameras for?"
Cars now have cameras that help the driver by watching the road and surroundings to keep the car safe and sometimes help it drive itself.
Cameras in modern vehicles are used for driver assistance systems such as lane keeping, parking assistance, and enabling features related to autonomous driving.
self-driving car
"You know, they're trying to get us or really push us toward the self-driving car. I don't need that. Do you need a self-driving car?"
A self-driving car is a car that can drive itself without a person needing to steer or control it, using special cameras and computers.
A self-driving car is a vehicle equipped with technology that allows it to operate without human input, using sensors and cameras to navigate and control driving functions.
backup camera
"But I would buy a car that had no backup camera. The government mandates that."
A backup camera is a small camera on the back of a car that helps you see what's behind you when you back up. Many places require cars to have this to keep people safe.
A backup camera is a rear-facing camera installed on vehicles to help drivers see behind them while reversing. It is often mandated by governments to improve safety and reduce accidents.
start-stop system
"This start, stop, nonsense on cars. We don't need that."
A start-stop system turns off the car's engine when you stop at a light or in traffic to save gas, then starts it again when you press the gas pedal.
The start-stop system automatically shuts off the engine when the vehicle is stationary to save fuel and reduce emissions, then restarts it when the driver is ready to move again.
automatic climate control
"I really don't need automatic climate control. I can adjust a fan speed. Remember how cars used to have a fan switch?"
Automatic climate control is a feature that keeps the car's temperature comfortable without you having to change the fan or heat settings yourself.
Automatic climate control is a system in cars that automatically adjusts the heating, ventilation, and air conditioning to maintain a set temperature inside the vehicle.
airbags
"...Get rid of all the cameras. I like airbags. I like analog brakes..."
Airbags are like big pillows inside cars that quickly fill with air if there's a crash, helping keep people safe.
Airbags are safety devices in cars that inflate rapidly during a collision to protect occupants from injury by cushioning their impact.
heated seats
"Do I need heated seats? I didn't use to. Boy, I need them now and a heated steering wheel."
Heated seats are special car seats that get warm to keep you cozy when it's cold outside.
Heated seats are car seats equipped with built-in heating elements to provide warmth to the occupant, especially useful in cold weather.
heated steering wheel
"Boy, I need them now and a heated steering wheel. No, really."
A heated steering wheel is a steering wheel that gets warm so your hands don't get cold while driving.
A heated steering wheel has built-in heating elements to warm the steering wheel rim, improving comfort for the driver in cold conditions.
lambs wool seat covers
"I could buy some lambs wool like a lot of people used to do. You remember when everybody put lambs wool seat covers on their vehicles? You may be too young to remember that. Lambs wool used to be big."
Lambs wool seat covers are soft, fluffy covers you put on car seats to make them warmer and comfier, especially before cars had heated seats.
Lambs wool seat covers are aftermarket seat covers made from soft wool sheared from lambs, used historically to add comfort and warmth to car seats before heated seats became common.
low profile tires
"Another downside of these big wheels and low profile tires is that everybody comes in here to trade their car. They have wheel damage because now, well, young people call them rims."
Low profile tires are tires with shorter sides. They make the car feel more connected to the road but can make the ride bumpier and can get damaged easier.
Low profile tires have a shorter sidewall height compared to the tire's width, which can improve handling but often result in a harsher ride and increased risk of wheel damage from road hazards.
Ford F450
""We sold an F, what was that? F450, which is a super duty Ford truck. Crew cab, dual rear wheels.""
The Ford F-450 is a big, strong truck that can carry and pull heavy stuff. People use it for work that needs a tough vehicle.
The Ford F-450 is a heavy-duty pickup truck in Ford's Super Duty lineup, known for its strong towing and payload capabilities. It is often used for commercial purposes and heavy hauling.
dual rear wheels
""Crew cab, dual rear wheels. It was a King Ranch edition, which is loaded.""
Dual rear wheels means the truck has four wheels at the back instead of two. This helps it carry heavier things and stay steady.
Dual rear wheels, also known as dually, refers to a truck configuration where two wheels are mounted on each side of the rear axle. This setup increases load capacity and stability when carrying heavy loads.
King Ranch edition
""It was a King Ranch edition, which is loaded. Some people need that.""
King Ranch edition means the truck has fancy seats, cool gadgets, and looks special inside and out.
The King Ranch edition is a luxury trim level offered on some Ford trucks, featuring premium interior materials, advanced technology, and distinctive styling inspired by the King Ranch in Texas.
decontenting vehicles
"So what's going to happen is the manufacturers are going to start decontenting vehicles. They're going to have to in order to be able to keep them affordable."
Decontenting means car makers take away some features or gadgets from cars to make them cheaper to buy.
Decontenting vehicles refers to the process where manufacturers reduce or remove features and technology from cars to lower production costs and keep prices affordable.
84 months financing
"because right now people are financing cars for 84 months or longer."
When you buy a car and pay for it over 7 years, that's called financing for 84 months. It makes monthly payments smaller but can cost more in the long run.
Financing a car for 84 months means taking out a loan to pay off the vehicle over seven years, which can lower monthly payments but increase total interest paid.
trade-in
"It's so important to maximize the value that you get for your trade-in."
Trading in means giving your old car to the dealer to help pay for a new one, so you don't have to pay as much money.
A trade-in is when you give your current vehicle to a dealership as part of the payment towards a new or used car purchase, reducing the amount you need to finance.
VIN number
"That's why you need to send me at no charge your 17-digit VIN number."
A VIN is like a car's fingerprint, a special code that tells you everything about that specific car.
A VIN (Vehicle Identification Number) is a unique 17-character code assigned to every vehicle, used to identify its history, specifications, and ownership.
window sticker
"If you have a copy of the original Windows sticker, which you should, fold it up in your glove box, then send that as well."
The window sticker is a paper stuck to a new car's window that shows what features and options the car has and how much it costs. It helps you know exactly what your car came with.
A window sticker, also known as the Monroney sticker, is the label affixed to new cars that lists the vehicle's standard and optional equipment, pricing, and fuel economy. It helps verify the original specifications and options of the vehicle.
buying a used car
""You know, if you're thinking about buying a used car, what do you really need to look for?""
When you buy a used car, you want to make sure it is in good shape and worth the money. This means looking at how it was taken care of and checking for any problems.
Buying a used car involves evaluating the vehicle's condition, history, and value to ensure a good purchase. Important steps include checking the car's maintenance records, inspecting for damage, and possibly getting a pre-purchase inspection.
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