This is the Ramsey Call of the Day, part of the Ramsey Network.

Jade, our last caller, I've been that guy, I've known that guy my whole life, and the Bible says he who is impulsive exalts folly.

Now, that's a proverb from the wisdom literature.

Now, let's talk about that impulsive exalts folly.

Folly is the verb of a fool in action.

When I am impulsive, I am lifting up a fool in action. When I am impulsive, I am lifting up a fool in action. I'm exalting it.

I am worshiping it. I am becoming it. And so when we make particularly large decisions

impulsively.

Here's what's interesting.

I know nerds who will spend days studying consumer reports,

studying manufacturer ratings, specifications, all to spend $1,000 or $2,000 on something like a computer.

Sure.

And then impulse a $50,000 car.

It doesn't make sense.

But they do it.

And I'll tell you, one of the most things that Americans impulse, the largest things that we buy that goes down in value, and one of the things that we impulse worse than anything else is cars.

And these cars have gotten people in trouble.

You went off on this last week, and your little trashing going after people for being stupid with $1,300 car payments has gone viral.

Something like 10 million people saw the clip already.

It's wild.

And then Bloomberg comes out today and says Americans are falling behind on car payments at a higher rate than any time, three times as bad as 2009.

Well, I wonder why.

...