Get Up Off Your Butt and Live Your Life!

[0] Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people, build wealth, do work that they love, and create actual amazing relationships.

[1] Open phones this hour at AAA 825 -5 -225, number one bestselling author Ken Coleman, Ramsey Personality, and author of the latest bestseller, find the work you're wired to do.

[2] Ken is my co -host today.

[3] Fresh back from doing your Jim Cantori impression.

[4] He was in Barbados with his family just in time for the hurricane to hit.

[5] So exciting.

[6] So you're a hurricane survivor now.

[7] I am.

[8] Very exciting.

[9] Thankfully, it went south of us, about 100 miles south of us, and so we didn't have too much of an issue with it.

[10] If you watched the news, it blew Barbados away.

[11] I know.

[12] Well, it was terrified to everybody else but me. And I got in trouble in my own house.

[13] Are you storm dad?

[14] Do you go out and stand and watch the storm outside?

[15] Are you storm dad?

[16] I had the sliding doors open.

[17] Sliding doors.

[18] Glass sliding door.

[19] Yeah, I had them open until about midnight as it approached, and they said it was going to hit the island at about, or it was going to come close to us.

[20] At this point, we felt pretty good.

[21] It was going to go south of us.

[22] But yeah, it was freaking the kids out.

[23] But I was enjoying the blustery winds at that point.

[24] And when we lost power at 2 .30, everybody else was a little freaked out.

[25] and I did go outside for a bit because at that point he was tropical storm winds I wasn't in danger and I am the guy who does stick his nose out there to see what's going on yeah yeah I'm a little curious probably too curious I stand in the middle of the street watching for tornadoes I'm like that my kids call me yeah very consequently I've got what does that say about us I don't know we don't I mean you're not you just called a hurricane blustery well it's what you I just heard that well it was a tropical storm thanks a hurricane's blestery no it's a tropical storm no it was in our neck of the woods.

[26] It went south of us.

[27] For the record, I grew up, I grew up in Virginia on the coast, so I've been through these scares my whole life, so that's why the pulse rate was pretty low.

[28] But I will tell you that anything 80 to 100 miles away, you're not in danger, meaning the outer band of the storm, nobody cares, but this is my Jim Kidder.

[29] The outer bands, the right side of a hurricane, is always the most dangerous.

[30] So when you're about 80 to 100 miles out.

[31] There's really nothing to be scared about.

[32] And so I wasn't.

[33] I was watching it.

[34] I was paying attention.

[35] But my wife pulled me aside at one point.

[36] By the way, Sharon, Ramsey and Stacey were texting.

[37] Sharon was checking it on us.

[38] Dave, not worried about me at all.

[39] I just emailed and said, are you alive?

[40] I know.

[41] It was funny.

[42] I appreciate it.

[43] But Stacey pulled me aside and said, you need to be more sensitive to the kids' fears.

[44] They were irritated that I was so calm about it.

[45] In other words, dismissive.

[46] You should add to the drama.

[47] That's not the dad's job.

[48] Thank you.

[49] It's not the dad's job to add to the drama.

[50] Yeah, which I did.

[51] Unless going outside and getting conked on the head with a palm tree because you're standing outside in the middle of a hurt.

[52] Well, you'll be proud of me. I did call the property owner and I introduced a new concept of them in Barbados.

[53] I said, do you board up the windows?

[54] Our master bedroom, we had rented a house and it had glass windows.

[55] Everything else had wood shutters on it so it's fine and he said we don't do that here I said well listen I'm not going to ask you to do it but I think for the people own this property they'd probably appreciate it and two hours later Dave plywood going up on the window so I introduced a this is what we do in Virginia you made home you made Home Depot Barbados some money I did all right that's so I did introduce that and I told the kids we're fine we've got the windows boarded up so everybody can relax I love it ginger's in New York hi Ginger welcome to the Ramsey show Good afternoon.

[56] How are you?

[57] Better than I deserve.

[58] What's up in your world?

[59] I'm from, of course, New York, and I have an opportunity, I can't afford my lifestyle here, and I do have an opportunity, another job in another state, themselves.

[60] Being that I'm, you know, currently at the moment, I just was trying to get, you know, a little understanding of what your viewpoint might be.

[61] Do I stay in my city that I'm comfortable with, or do I now relocate again to...

[62] You can't afford your lifestyle.

[63] No. How is that comfortable?

[64] It's not.

[65] I think you're professionally comfortable is what you're saying.

[66] Is that what I'm hearing?

[67] Yes.

[68] Let me ask this, the job down south, does it forward you in your career, or is it a complete pivot?

[69] It's something I did previously.

[70] it would be children services.

[71] I've done children services before, not saying I will want to do it again.

[72] I am in school for court reporting, so that's something I am carrying towards.

[73] So do they have court reporters in the South?

[74] They do, of course.

[75] Okay.

[76] And so how much of a pay bump would there be if you go down South?

[77] No. New York.

[78] How much more money would you be making if you take this new job in the South?

[79] no i wouldn't be making more probably making maybe almost the same but the cost of living how much have you factored in cost of living being less yes i have factored cost of living being less how much new margin and i'm talking about real money in a budget would that now present to you if we take this job each month you would now have this much more money because of cost of living reduction what would that look like i think that'll be at least four to five hundred dollars it's a no -brainer It's a no -brainer for me. I'll tell you why.

[80] You're in school to be a court reporter.

[81] You can't afford to deliver you are now.

[82] You're not going to stay in the career that you're in in New York City.

[83] And let's go reduce our expenses while we're getting qualified, maybe even have to press pause for a little bit on the court reporting school.

[84] That's a possibility to press pause because then we get our mess cleaned up from the debt standpoint, create more margin.

[85] And I can pivot into court reporting in the south or if I want to come back to the northeast after I've got my mess cleaned.

[86] up, then I can do that.

[87] But I just think going south right now is a great option for you.

[88] Yeah, you got Ginger.

[89] You call me up and said, Dave, I'm drowning, but the water's warm.

[90] Yeah, it's right.

[91] Right.

[92] Yeah.

[93] No, you're, you're gone.

[94] You're just, you're, you've said out, there's just a little fear, uh, insecurity.

[95] Um, and, and change, you know, change is always difficult, but, but also sinking and drowning is difficult.

[96] So, um, you know, we're going to choose our pain here.

[97] And we're to choose pain that has a good upside, and it's not that painful.

[98] So, yeah, I think you've identified correctly what you've got to do.

[99] You opened your first line when I picked up the phone was, I can't afford my lifestyle.

[100] And so that means something has to change because you're not in Congress, so you can't print money, so we've got to have some other game plan.

[101] And so Ken's exactly right.

[102] And hey, here's the other thing.

[103] Always remember, none of this has to be permanent.

[104] That's correct.

[105] You can go south, have an adventure, get your income way up, and decide you want to come back to New York.

[106] There's nothing wrong with that idea.

[107] But coming back to New York, you know, with a victory parade where you then can afford your lifestyle.

[108] And because you cleaned up the mess, got the income up, got the career shift done.

[109] and did all of that in a cheaper cost -of -living area and got your foundation.

[110] So it's not as if this is a decision that has to be a permanent decision.

[111] It is, you don't want to jump and move every three weeks.

[112] It's expensive emotionally and financially, but sometimes folks go, I'll never be back.

[113] Yeah, you can be back.

[114] You can just decide to.

[115] This is the Ramsey show.

[116] This show is sponsored by BetterHelp.

[117] Hey good folks, the back to school madness is upon us.

[118] It's hitting us right now.

[119] We got travel and work and all these forms to fill out now and sports to travel to and on and on.

[120] My family's schedule is so packed and we haven't even begun talking about things like exercise and date nights and counseling and church and home projects.

[121] And those are the things that make our life even worth living.

[122] Here's what I've learned.

[123] When it comes to taking care of me, I have to put on my oxygen mask first.

[124] And that means that I have to do the things that keep me well and whole.

[125] And I know that you have to do those same things too.

[126] So don't skip the things that matter to you, including regular exercise, hanging out with your friends and regular therapy appointments.

[127] And when it comes to therapy, contact my friends at BetterHelp.

[128] BetterHelp is 100 % online therapy staffed with licensed therapists.

[129] It's convenient, it's flexible, and it's suited to fit your schedule.

[130] And therapy can help you learn positive coping skills, how to set and practice boundaries, how to become the best version of yourself, and most importantly, how to find peace in all of this chaos.

[131] In this upcoming season, make sure you put on your oxygen mask first.

[132] Never skip therapy day.

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[135] That's BetterHelp, H -E -L -P .com slash Deloni.

[136] Ken Coleman -Ramsey personality is my co -host today.

[137] Malachi's in Tucson, Arizona.

[138] Hey, Malachi, how are you?

[139] Pretty good.

[140] How about yourself?

[141] Better than I deserve.

[142] What's up?

[143] Well, I have myself in kind of a financial hole that I'm finding harder to get out of than I expected.

[144] I have debt that I'm trying to get rid of, but it just seems like it's not getting anywhere.

[145] Hmm.

[146] That's no fun.

[147] How much debt have you got, brother?

[148] I have just about $260 ,000 a debt.

[149] Okay.

[150] Give me a little breakdown on that.

[151] What's the categories?

[152] So, $250 ,000 of that is my house, and the other, I'd say, about $10 ,000 is money that I owe family.

[153] Mm -hmm.

[154] So you don't know anything on a car or a credit card or a student loan?

[155] Uh, I do, I do owe $4 ,000 on my car.

[156] All right.

[157] And what else?

[158] Anything else?

[159] No, other than that, that's it.

[160] Okay.

[161] And so what's your income, sir?

[162] Uh, my income is at $90 ,000 per year right now.

[163] Okay.

[164] So why can you not pay these bills with $90 ,000?

[165] Well, uh, I've been eating away at the debt of my home, uh, in just over six months.

[166] I've paid $110 ,000 of it.

[167] That's far from being stuck, sir.

[168] That's actually incredible progress.

[169] Yeah, it just doesn't quite feel that way.

[170] I have no money in the bank.

[171] Well, you paid it all on debt.

[172] Yeah.

[173] Yeah.

[174] I mean, you're not going to have money in the bank until you clear the debt.

[175] So I would back up and knock the $4 ,000 car debt and the $10 ,000 family debt out next before I pay any extra on the house.

[176] Oh, and then I would put an emergency fund in place of three to six months of expenses.

[177] And so I'd put $15 ,000 in a high -yield savings account that's sitting there just for emergencies.

[178] And so I just gave you $30 ,000 worth of an assignment.

[179] How quick can you knock 30 out?

[180] Well, I would have to figure about six months, maybe less.

[181] Yeah, that sounds right.

[182] Because you're living on nothing.

[183] You're game on.

[184] I mean, you're not got any lifestyle eating this upper.

[185] You wouldn't be making this kind of mathematical progress.

[186] Yeah.

[187] You're already pretty stinking frugal, aren't you?

[188] Yeah, very much so, yeah.

[189] I'm thinking, you know.

[190] Basically top ramen every day.

[191] There you go.

[192] Yeah, I got a different word for you, Malachi.

[193] You don't have an elimination problem.

[194] You have an allocation problem.

[195] And our baby steps, the snowball, is where you start here.

[196] And all of a sudden, this momentum is going to just be unbelievable for you.

[197] You've just been going about it the wrong way.

[198] the family and the car off your back and emergency fund in place of 15 ,000.

[199] That's 30 ,000 worth.

[200] Then you go back and start talking about the house again.

[201] And you don't have to be so intense on the house.

[202] You're going to wander out of that house.

[203] You don't have to be quite so fired up about it.

[204] So it's interesting, though, the way you opened the phone call with us, it sounded like you were on the verge of bankruptcy or something like you were stuck.

[205] And quite the opposite is true.

[206] you're making incredible progress and you're living on nothing and applying all of your money towards your goals so um you know you're way ahead of the game you're far from stuck sir you're actually very successful well i mean uh you know i'm 23 years old uh just turned 23 and uh feel i just felt i guess off that uh i have no money in the bank and you know well that's fair okay but But, you know, you're, you understand the progress you're making mathematically is pretty incredible.

[207] I can see that, yes.

[208] Okay.

[209] All right.

[210] I want you to own that because that helps you continue.

[211] Because if you feel like you're, like you're doing something wrong, you know, you lose your emotional momentum to fight on through.

[212] But get the family off your back, not like they're on your back.

[213] They may or may not be.

[214] And get the car off your back.

[215] It is definitely there.

[216] And have $15 ,000 of the bank.

[217] I think that'll put you in a different emotional spot.

[218] And then let's turn up the lifestyle a little bit, like have a life and slow down a little bit on paying off the house.

[219] I want you to pay it off in, you know, four or five years, three or four years.

[220] So like, I don't know, you're 27 with a paid for house in Tucson, Arizona.

[221] That would be a weird Gen Z thing to do, lovely.

[222] You know, I want to point out to our audience.

[223] So we have a lot of new people joining us all the time.

[224] time.

[225] And I'm glad, Dave, that you're here on this call because this is an example of why so many years ago you created the baby steps to create not just financial momentum, but actually emotional momentum.

[226] And so here's a guy who's got his act together.

[227] The studio audience is shocked.

[228] There's a 23 -year -old.

[229] He's like, I feel like I'm stuck.

[230] Well, he's been putting all of his money on the biggest piece of his debt, which is the house, and therefore he has no emotional momentum.

[231] And that's why he presents this way.

[232] And that's the magic of what you created all these years ago.

[233] Now, the power of baby steps is you can go anywhere you want to go if you just keep walking.

[234] Right.

[235] It's just one step at a time.

[236] Right.

[237] And so he feels like he's an hamster wheel right now because he's going at it the wrong order.

[238] Yeah.

[239] Yeah.

[240] And so knock out the little stuff.

[241] You know, start achieving some of the goals.

[242] So hang on, Malachi.

[243] I'm going to send you a copy of the book, The Total Money Makeover.

[244] About 10 million people have got it.

[245] So it's working.

[246] And the baby steps are outlined in that and it'll show you exactly what to do and it'll change that because Ken's right what we figured out Malachi and for the rest of you is is that personal finance is 80 % behavior it's only 20 % head knowledge the mathematics of wealth building you learn by the sixth grade it's not rocket science this is not med school you don't have to have a master's degree in finance and statistics to become wealthy.

[247] It's literally sixth grade math.

[248] So math is not our problem.

[249] It's not bothering to pay attention to the guy in the mirror and his decisions.

[250] Malachi is paying attention to the guy in the mirror and is making great progress.

[251] We're just going to redirect his progress a little bit so he feels it.

[252] That's exactly right.

[253] And if you feel it, then that matters because this is behavior.

[254] So it's all about feedback loops.

[255] The psychologist would tell you.

[256] So you're not going to keep going to the gym and not quit eating and not stay away from donuts if you don't lose weight as a result.

[257] You're like, bring on the donuts and I'm not sweating.

[258] If I'm going to lose, if I'm going to not lose weight or I'm going to gain weight, I might as well enjoy it, you know.

[259] But if you go to the gym and you stay away from donuts, I'm talking to Dave, then you can drop some poundage, right?

[260] And then you go, oh, well, that behavior resulted in a result that I like.

[261] So I get a feedback.

[262] That's exactly right.

[263] I get positive feedback keeps me doing it.

[264] Yes.

[265] That's a feedback loop.

[266] And that's where all this comes from and where it goes to.

[267] So very, very good stuff.

[268] Devin is in Kansas City.

[269] Hi, Devin.

[270] Welcome to the Ramsey show.

[271] Hey, thank you guys for taking my call.

[272] Sure.

[273] What's up?

[274] Hey, so me and my wife are wanting to know if we're in a good financing spot to make her a stay -at -home mom.

[275] Can you live on your income?

[276] I believe so.

[277] It's going to be tighter than what we're used to.

[278] Well, of course.

[279] After budgeting it out and doing our every dollar budget.

[280] What do you make?

[281] After all, I make about $56 ,000 a year.

[282] What's she make?

[283] She makes about between 20 and 25.

[284] How many kids have you got?

[285] So we've got one right now and one on the way due in about November.

[286] Okay.

[287] Okay.

[288] Well, daycare and some professional clothing is just about eating up her income.

[289] Yeah, she works in a daycare luckily, so we...

[290] Oh, well, then it's not.

[291] Okay.

[292] Then it's not.

[293] So she gets 25 plus she gets a deal on the baby daycare, right?

[294] Yeah, and I think we would technically qualify for daycare assistance in Kansas, so that would help out as well.

[295] Well, I don't even know what that is, but okay.

[296] we have daycare assistance all right good that's another government program it sounds like sounds like a joy to me but the um but i don't guess you need that if she's going to be at home yeah correct yeah yeah so here's what you do man run not only run your budget uh between now and the time she quits live two or three months on your income without touching hers okay and apply all of her income or more to your baby steps and prove to yourself that you can live on your income.

[297] Just act like she doesn't have an income and run your household.

[298] Because if she quits, she ain't going to have an income.

[299] You better get used to that.

[300] This is The Ramsey Show.

[301] Are you working the baby steps?

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[303] Listen, the only thing a cash value policy is good for is overcharging you for the life insurance.

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[312] Ken Coleman -Ramsey Personality is my co -host today.

[313] Thank you for joining us, America.

[314] The best way to make the most of your money is a plan.

[315] Tell your money what to do instead of wondering where it went.

[316] most people the money comes in the money goes out only the names are changed to protect the innocent we don't know where it went that's most people and then you scratch your head and wonder while you're broke if you ran a company and your job was to manage money and you manage money the way you manage money for you you'd get fired for incompetence so because if you if you're working a business you're supposed to have a budget and then you're supposed to like stick to it and stuff.

[317] Hello.

[318] That's kind of basic, y 'all.

[319] I mean, it's really not hard, but it's hard because it's dealing with me, and I've got to look at the teenager and go, no, and I got to have a discussion with my spouse about spending, and, you know, we got to quit eating out every freaking night of our lives and then wondering why we have no retirement because we're eating it.

[320] That's why.

[321] Basically.

[322] Stuff like that comes up when you do a budget.

[323] Hello.

[324] That's why we came that that's why we came up with the idea that every dollar needs an assignment.

[325] Every dollar needs a name.

[326] Every dollar of your money before the month begins needs a mission beside it.

[327] You need to send it out there to do stuff for you.

[328] You work too hard to be broke.

[329] And the only thing that fixes that is giving every dollar and assignment.

[330] That's why we named the world's best budgeting app every dollar.

[331] And that's why tens of millions, no exaggeration, tens of millions of people are using every dollar every month the budgeting app to run their budget with their spouse.

[332] Download every dollar for free in the app store or Google Play or go to every dollar .com.

[333] And let's get started, boys and girls.

[334] It's time to do this.

[335] Open phones at AAA 8255 -225.

[336] John's in New York.

[337] Hey, John, how are you?

[338] Hi, Dave.

[339] How are you, sir?

[340] Better than I deserve.

[341] What's up?

[342] Good.

[343] Good.

[344] So, I'm around 23 years old, and I had around 57 ,000 liquid cash in the bank.

[345] And I got kind of screwed over by the car industry twice now.

[346] When I was 19, I bought a new Mustang on site, very bad mistake.

[347] And obviously, I was upside down, and then now I have a Cadillac.

[348] Obviously, I got a pre -owned.

[349] Now, that loan is around at $35 ,000.

[350] I just got it about eight, nine months ago.

[351] And then I have student loans of about $25 ,000.

[352] They're not crazy high because I went to community college.

[353] I've been listening to you guys for a while.

[354] And I just wanted to hear your opinion.

[355] What's that?

[356] What do you make?

[357] Around $80 ,000.

[358] What do you do?

[359] I'm a bartender at my family's restaurant.

[360] Okay.

[361] Very cool.

[362] Very cool.

[363] Thank you.

[364] Okay.

[365] And so your question's what?

[366] Should I?

[367] Because I've watched a couple of your videos if I should just take the $57 ,000 and dump it into all the debt and just clear it.

[368] But then I have nothing left in my account, or do I, like, do thousands at a time and knock it down as quick as I can?

[369] Okay.

[370] Is your goal to be wealthy?

[371] Yes, yeah.

[372] Okay.

[373] Because you make a lot of money.

[374] You're doing really good.

[375] Thank you.

[376] You must work really hard.

[377] I do, yeah.

[378] I work six days a weekend.

[379] Yeah.

[380] And some serious hours, too.

[381] Good for you.

[382] Thank you.

[383] Good for you.

[384] I mean, you're a pretty sweet spot for 23 years old overall.

[385] I mean, you've done some stupid stuff.

[386] So, all right, a couple of things that come out of the conversation is, one, you did not get screwed by the car industry.

[387] You got screwed by you.

[388] Because you walked on to the car lot and you bought a car you couldn't afford because you were acting like a child.

[389] Is that fair?

[390] Yeah.

[391] Yeah, of course.

[392] Okay, you're not a victim, dude.

[393] You cause this.

[394] All right, both times.

[395] So I don't know what a guy making $80 ,000 that's 23 years old, working his butt off needs with a $35 ,000 Cadillac.

[396] I don't know why you have to have that.

[397] Right.

[398] You might rather have the cash than that.

[399] Right.

[400] So one option to sell a car and buy a $10 ,000 car.

[401] right for cash and then you don't have to give up all your cash you just give up the Cadillac that's the main thing I want to avoid is I don't want to just deplete all my savings I worked for well I mean it then the Cadillac's on the on the block so I mean if you want to keep the Cadillac you need to pay it off right see you're all your money's already gone paying it off you just admit it yeah you've already spent the money.

[402] You just hadn't admitted it yet by paying off the debt.

[403] Of course, yeah.

[404] So, you know, it's so you can under, but you can, you can choose, okay, do I want, because basically if you sold the car for 35 ,000 bucks, um, and you took $10 ,000 of your, and you broke even, got out of it, cleared it, right?

[405] Will it bring 35?

[406] No, I think it will bring 24 because I got, I was upside down from the other one.

[407] Oh, you rolled negative into it.

[408] Okay.

[409] Yeah, I was around 9 ,000.

[410] And then I put five.

[411] So you're going to spend 10 of your money, even if you sell it.

[412] And you're going to spend another 10 of your money to buy a car, and you're going to spend some money to pay off the student loan debt.

[413] Right.

[414] And you said 25 in student loans?

[415] Yes, sir.

[416] Okay.

[417] So you're 60, and you've got 57.

[418] So you don't have enough to pay off everything.

[419] Yeah.

[420] Quite.

[421] But, I mean, you're making money, and you're used to stacking cash because you, so, all right, the premise is this.

[422] if we could get you where you had no payments, student loan and the car payments gone through whatever mechanism, either paying it off or selling the car, either one.

[423] You choose, okay?

[424] If we can get you where you don't have any payments, but most of your money is gone, without any payments making $80K, you could stack that cash up real quick again.

[425] It won't take long, just a few months.

[426] I mean, you probably save $5 ,000, $6 ,000 a month, can't you?

[427] If you don't have any payments?

[428] Yeah.

[429] Are you living at home?

[430] I am, yeah.

[431] Me and my mom and dad live above the restaurant.

[432] Yeah.

[433] So you got almost no overhead.

[434] I thought that.

[435] Okay.

[436] So that's how the 57 got there.

[437] I got some quick numbers here.

[438] I want to run with you here.

[439] I think you're still walking away with Dave's plan with $11 ,000 in cash.

[440] Because if you owe 11, so you're going to pull 11 out because you're upside down, you're going to spend 10 on another car.

[441] So that's 21.

[442] 57 money, 21 is 36.

[443] We owe 25 in student loan.

[444] That leaves you with 11K.

[445] And you're debt -free.

[446] No payments in a paid -for $10 ,000 car.

[447] And you live at home with a pretty secure job.

[448] And you're stacking cash like a boss, man. Right.

[449] You could stack $6 ,000.

[450] I mean, in 10 months, you'd have $60 ,000 on top of the 11.

[451] You'd have $71 ,000 in 10 months.

[452] I mean, I also have $10 ,000 in an IRA that I'm maxing out every month as well.

[453] I would stop that until we get this mess cleaned up.

[454] But if you're going to clean up the mess in one fell swoop, you don't have to stop it.

[455] But you can stack cash.

[456] You're going to follow me, especially if you don't have a car payment, it's $35 ,000.

[457] Yeah.

[458] And so, you know, I'm going to use up all my money, yeah, for a hot second.

[459] Mm -hmm.

[460] Because a month later, you're going to have $10 ,000 more.

[461] And a month later, you're going to have $8 ,000 more.

[462] And a month later, you're going to have you follow me?

[463] Gotcha, yeah.

[464] Yeah, so you're not going to be out of cash, but just for a few days.

[465] Well, you still have $11 ,000.

[466] I know, you got 11, but I'm saying he's 57s down to 11, and that's causing.

[467] emotional distress, right?

[468] Heartburn.

[469] Yeah, right?

[470] Yeah.

[471] Yeah.

[472] So, but the point is it's, it's a temporary situation and it's the best path for you to become wealthy.

[473] Right.

[474] Because your most powerful wealth building tool is your income and you don't give it all to car companies and student loan companies.

[475] You get to keep it.

[476] Right.

[477] And that causes wealth building.

[478] And that's what I'm going to tell you to do.

[479] So I would be debt free either by selling the Cadillac or not immediately even if it caused my heart to burn and keep in because keep in mind your heart's not going to burn for very long because with no payments and serious motivation called a little bit of fear uh you're going to stack that cash real fast and you'll be right back where you are by christmas and uh you'll be a whole 23 years old wow you got lots of time to be smart now This is The Ramsey Show.

[480] You've worked, saved, sacrificed, and been gazelle intense with your financial game plan.

[481] But do you have the right defense in place, like the right health insurance?

[482] Look, you can't walk past a doctor's office these days without getting a massive bill.

[483] And if you don't have health insurance, a major medical situation can undo all of your hard work.

[484] That's where my friends at Health Trust Financial can help.

[485] They work for you, not the insurance company.

[486] So they find you the right health insurance, and they save you money.

[487] Ramsey has recommended Health Trust Financial for two decades because they're the experts.

[488] And whether you're 19 years old or 90, you can trust them to do two very important things.

[489] Listen to you, then find you health insurance coverage with everything you need and nothing you don't.

[490] Health Trust Financial is your one -stop shop for unbiased advice about affordable health insurance options.

[491] They could save you hundreds of dollars a month, so make sure you're not overpaying.

[492] Go to health trustfinancial .com today.

[493] HealthTrustfinancial .com.

[494] Ken Coleman -Ramsey Personality is my co -host today.

[495] Open phones at AAA 825 -5 -225.

[496] Guys, we could use your help if you will click.

[497] subscribe or follow on YouTube or Spotify or podcasting or whatever, Apple, wherever you are, if you subscribe to us, follow us, it changes the numbers dramatically on how those platforms push our show forward and new people discover us because you subscribed or followed because you left a five -star review, because you shared the show.

[498] Some of these platforms have a share button where you can just share, send it to your buddy and say, hey, give these guys a listen or cut the link out.

[499] and send it in an email or if you're listening on talk radio just say hey i listen to the station you ought to try these guys out just like you tell your friend about a good movie or a good book same thing or good Netflix thing you need to binge watch i'll give you one of those have you seen the steve martin documentary no but i'm a big steve martin fan apple tv okay two two sections the old days when he becomes famous yeah and his current days yeah and it is it's lights out I'm in, because I'm a big fan of his.

[500] Well, I mean, the behind -the -scenes stuff, he pulls out of his journals when he was about to fail and he almost quit.

[501] And then he has breakthroughs, you know, and it's just pretty cool.

[502] Yeah.

[503] So I just see there?

[504] I just shared with you guys.

[505] I shared you something, and I gave him a free plug and you're welcome, Steve, and he needed our help, I'm sure.

[506] I'm sure.

[507] And, but it's good.

[508] It's a great documentary.

[509] And he's, of course, doing his sister, His parents were, it was a wild family situation, man, and his sister's on there talking about it.

[510] It's pretty cool.

[511] Pretty hard.

[512] Did it cover any of his bluegrass music?

[513] Oh, yeah.

[514] It's quite the, if the casual fan doesn't know it, he's a wonderful banjo player.

[515] World class.

[516] Like, incredible.

[517] I've been on the Grand Ole Opry with it.

[518] Yeah.

[519] It's crazy.

[520] Elise is with us in Sacramento.

[521] Hi, Elise.

[522] How are you?

[523] Hi.

[524] Thank you so much for having me. I've been listening to the show for almost 10 years now, so it's an honor.

[525] Thank you for all you do for us.

[526] Well, we're honored to have you.

[527] How can we help?

[528] I have a career question.

[529] So my question is a little background.

[530] Essentially, I am in a niche area of nursing, and I've made a couple changes in my career the last two years because I essentially was burnt out in what I was doing and I was ready for a change.

[531] And so I've made that change, and now I'm almost looking into whether I should go back to that other career or essentially reassurance that I'm good where I'm at.

[532] Okay.

[533] What's making you question this move?

[534] I think it's because I have multiple passions in the niche nursing areas that I'm in.

[535] And so I have the unique opportunity to be able to also what we call float back and go back and forth.

[536] But my questioning to myself was just distress.

[537] Yes.

[538] I didn't like it.

[539] Why would I float back to something I don't like?

[540] I think it delved into, I enjoyed what I did, but the stress eventually got to me. Right.

[541] So the question becomes, though, so let's stay right there for a quick second.

[542] The question is, was that circumstantial or is that a part of the actual gig?

[543] And it doesn't matter what hospital system I'm in, what state, it's the nature of the role, or was it circumstantial to the environment.

[544] That's the real question.

[545] The stress.

[546] The nature of the role.

[547] The stress.

[548] It's the nature of the role.

[549] Because I work in multiple hospitals.

[550] All right.

[551] So here's the deal.

[552] So then you have to say, are there things that I have control over that I can do, that I didn't do in the past, that would allow me to manage the stress?

[553] In other words, you know it really well.

[554] So are there physical things you could do differently this time?

[555] Are there boundary issues when you're not at work?

[556] That's my question.

[557] Is there anything that you could do the second time around that would alleviate the stress?

[558] Possibly.

[559] I don't know that I necessarily have any control over it because it's a hospital, right?

[560] Things happen and that's the nature of the job.

[561] Okay, so that's my point.

[562] So that's our answer.

[563] If you can't control some of the stressors, there's not something that you can do that would allow you to be in the role and thus manage the stress, then I think that's your answer.

[564] It just doesn't make any sense for you to go back to it.

[565] Just because you can.

[566] Yeah.

[567] It has a detrimental effect on you, physically, mentally, and emotionally.

[568] I was overstressed.

[569] And now I'm going to walk back and do the exact same thing again.

[570] That's what you're saying.

[571] That's not logical.

[572] That's my exact worry that kept coming back.

[573] And I think I'm looking into, I'm an overthinker, so I'm looking into, oh, I miss that role.

[574] I miss a lot of aspects of it.

[575] But I'm very happy where I'm at now, and I make the same amount of money.

[576] And so I think to myself.

[577] You're not going back.

[578] Don't go back.

[579] Work happier, smarter, less stress.

[580] Yeah, you're having selective memory about the good parts of the old job that you left because you hated it.

[581] Yeah, there's something deep.

[582] You let it go.

[583] There's something deeper here.

[584] And I would just say, you have to dig a little bit deeper into this over and analytical side of your brain, boy, you're talking to an overthinker.

[585] So let me just say, I get that.

[586] But there's something deeper there that makes you keep wondering, am I missing out, am I missing out?

[587] And I think you, I'm going to tell you, I'll take a stab at it.

[588] And I think maybe a session with a counselor might help or a really good friend.

[589] I think that you don't trust your own judgment.

[590] And I think there's something deeper there, but I think that's the source of this.

[591] And again, when I get into this kind of loop myself and my own life, I'm being very vulnerable and transparent to say when I overthink, it's because I got to go back inside and go, what do I not trust in my own judgment and what's behind that?

[592] I think that's probably the source of it, just to try to help you out here because all the common sense and all the factors here lead to don't go back, which is why Dave and I are saying, stop thinking, stay where you are.

[593] Yeah.

[594] Gary is with us.

[595] Gary is in Greensboro, North Carolina.

[596] Hi, Gary.

[597] How are you?

[598] I'm doing well.

[599] Quick question.

[600] When you get out of debt, how do you rewire your thinking or change your thinking so you're not afraid that you might go back into debt?

[601] Hmm.

[602] That's a great question.

[603] Well, I think what I did when I went broke was I did an autopsy on my stupidity.

[604] Right.

[605] And I'm like, okay, that was stupid and that was stupid.

[606] And I was stupid when I did that.

[607] that and that was stupid and so I try not I do a lot of stupid stuff but I try never to do the same stupid thing over so if I just go okay that's one less stupid thing I know not to do and so if I if I do stupid things now it's new stupid things right you know what I'm saying and that's kind of how I looked at the debt thing I looked at it and went that didn't work why would I go back to something that didn't work it did not bring me joy you know it just not bring me joy thank you Marie I guess I was thinking you worry about having a major housing expense that you can't, that you're not quite fully funded.

[608] Well, that's called savings.

[609] Right.

[610] But what do you do in the meantime before your savings gets to that level?

[611] That's kind of where we're at.

[612] We're out of debt.

[613] We're working on.

[614] That's a different kind of a. Okay.

[615] So that's fear of an outside variable coming at you, not you were relapsing into stupid.

[616] Okay.

[617] That's a different fear.

[618] right okay so i misunderstood you i'm sorry i thought you're talking so you're saying i don't have enough money to put heat and air in if my heat and air goes out what am i going to do exactly okay so how much money have you got saved uh right now we got about six to seven thousand in savings account all right and um what's your household income about 54 thousand okay so you'd have to have a 10 ,000 dollar expense before anything really bad before before you were back to actually facing the decision about debt.

[619] Because if you had a $3 ,000 expense, you'd just do it, right?

[620] Correct.

[621] If you had a $5 ,000 expense, you'd just do it.

[622] It would hurt, but you'd just do it.

[623] Right.

[624] Yeah.

[625] What would you say to your kids if they came home one day and said, Dad, I'm worried about what's going to happen on this sports team that I just signed up for two, three games in?

[626] What would you say to them?

[627] Work hard and do your best.

[628] Yeah, you're not.

[629] You're worrying about something hadn't happened.

[630] Today has enough worry of its own.

[631] Don't worry about tomorrow.

[632] Dale Carnegie did a whole segment on worry, and he said the statisticians tell us that 80 % of what we worry about never occurs.

[633] Yeah, that's fascinating.

[634] So the number of personal emergencies that a guy making $54 ,000 has that's over $6 ,000 is virtually zero.

[635] Virtually zero.

[636] So, yeah, your statistical probability of that happening is almost none.

[637] So you're worrying about something's not going to happen.

[638] Keep piling up cash, my man. You're going to be fine.

[639] This is Ramsey Show.

[640] Hey guys, George Camel here.

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[654] Live from the headquarters of Ramsey Solutions, it's the Ramsey Show where we help people.

[655] Build wealth, do work that they love, and create actual amazing relationships.

[656] I'm Dave Ramsey, your host, Ken Coleman, Ramsey Personality, number one bestselling author, host of the Ken Coleman Show, is my co -host.

[657] today.

[658] Open phones at AAA 8255 -2 -2 -2 -25.

[659] Marcus is in Boston.

[660] Hey, Marcus, how are you?

[661] Hey, Dave, appreciate you taking my call.

[662] Sure, what's up?

[663] Hey, so I'm going to make a long story as short as I can.

[664] So I have, I own my own insurance practice and financial practice a couple years ago.

[665] And basically it was costing me more money than what I was making.

[666] And I pumped all my savings and I even cleared out some broths to keep it afloat.

[667] Well, I eventually got out of that and didn't realize the negative ledger that I had, the negative account that I had would go into collections.

[668] Well, I started paying and then they started calling me on a biweekly basis and then it became you know, six, seven times a week.

[669] And I was making consistent payments.

[670] And I was making consistent it's of 30 to 50 bucks a month, but they've stopped calling me, and I just want to, you know, I don't want to just think this thing has gone away, and that, you know, I should I be worried about them drawing up a lawsuit against me?

[671] What is the debt for?

[672] So I actually did the exact opposite of what you believe in regarding.

[673] I sold whole life insurance, variable whole life and annuities, and, um, um, Oh, so this is commissioned chargebacks.

[674] Yeah, yeah, exactly.

[675] When you get paid, you're not really getting.

[676] I know.

[677] And so these are commissioned chargebacks.

[678] So the company that you used to sell insurance for is going to sue you?

[679] No, so not yet.

[680] I'm just trying to.

[681] Well, but I'm saying.

[682] How much do you owe them in commission chargebacks?

[683] $1 ,500.

[684] What do you make?

[685] It's really not.

[686] Now.

[687] Right now I make them.

[688] around.

[689] I'm on page for 75, but I'm also at another job.

[690] And you're also at another job in addition to the 75?

[691] No, no. Also, I, yeah, I work a more than full -time job, and I'm on pace to make 75 grand.

[692] Gotcha.

[693] But I got in such a hole with my practice that...

[694] Oh, no, but $1 ,500 solves this problem.

[695] Right, yeah.

[696] And you make 75?

[697] Yeah, I'm on pace for that, yeah.

[698] Well, what's on pace mean?

[699] You either make it, are you going to make it or not?

[700] Is it commission again, right?

[701] No, no, no, I'm in a totally different field.

[702] Now I'm in logistics.

[703] I do have a stable income, but it does vary on how much I, on whether or how much.

[704] Okay, so what did you make last month, honey?

[705] So I pulled in $6 ,500.

[706] Okay, what will you make this month?

[707] I'm on pace for around, let's say, 62.

[708] Okay.

[709] Why can't you just write them a check?

[710] I have, you know, I have another range of debts that are, frankly, far more, that have far more urgency than these people.

[711] I mean, and from a liquid, like I said, I got in such a hole.

[712] I got three behind on my mortgage.

[713] How much other debt have you got?

[714] Let's say about $7 ,000.

[715] Are you current on your home?

[716] I am.

[717] What's the $7 ,000 owed to?

[718] other credit cards and then a couple medical bills okay so why are they more urgent than these people who are getting ready to sue you because this life insurance company is going to sue you dude I don't care if they got quiet or not they're going to they're going to get their chargeback I've never seen a life insurance company that didn't get a chargeback commission back out of somebody's hide they're coming for this medical bills might get around to it in two or three years credit cards in three or four years but these boys are coming I don't care whether they're quiet or not.

[719] Right.

[720] So $8 ,500 cleans up your entire mess, and there's a lot more than $8 ,500 stress in your voice.

[721] I think it's because you got the crap knocked out of you.

[722] Oh, I did.

[723] I told.

[724] Yeah, and some of your confidence, and so this $8 ,500, $7 ,000 of credit cards and medical bills plus $1 ,500 of commission chargebacks feels like $85 ,000 in your emotions.

[725] Yeah, exactly, because here's the thing.

[726] I'm making good money subjective.

[727] I'm making pretty good money, but I am current, but from a liquidity standpoint, you know, I have other investments that are ill -liquid.

[728] I'm not going to incur those fees.

[729] What I have readily available right now is $2 ,000.

[730] Other investments that are ill -liquid.

[731] Well, like what?

[732] Well, I got a couple mutual funds, a couple Ross.

[733] You have mutual funds that are not in a retirement plan?

[734] So, well, so I have, I have, um, do you have any non -retirement investments?

[735] So, they're all retirement investments right now.

[736] Um, I, I just opened up, like I said, I just opened up a new Roth.

[737] I actually drained my old one.

[738] Um, and like I said, if I, if, if I have an emergency fund right now, if something, if my car broke down or something, I have 2 ,000 available liquid.

[739] Um, I, you know, I know, I know, I know, I, you're going to tell me to pay this off 1500 um i just did yeah yeah but but but what happened is you know as soon as you get rid of the money that you have something worse happens you know we want that emergency fun dude you are running so scared you're not even thinking clear okay 8 500 dollars makes your whole stomach unwind and it's in your throat 8000 lousy dollars it's not 85 000 and you make 75 000 you need to sit down into a written budget tonight.

[740] Are you married?

[741] No. Okay.

[742] You need to sit down and do a written budget.

[743] Detail out exactly where every dollar of your money is going to go this month.

[744] List your debts, smallest debt to largest debt, and begin to pay them off as soon as possible.

[745] Take $1 ,000 of the $2 ,000 and apply to that.

[746] Liquidate all non -retirement investments.

[747] I don't want to hear ill -literation.

[748] Liquid investments.

[749] There's no such thing.

[750] Sell the stupid Bitcoin.

[751] Sell the stupid whole life policy.

[752] Get out of it.

[753] Get your money out.

[754] You need the money.

[755] Because honey, if you didn't have, if you didn't have this $8 ,500 worth of debt, you would have you have so much peace in your life.

[756] And you could put the rest of this crap in your rear view mirror.

[757] Yeah, I would get busy too.

[758] You know, you can make money.

[759] It sounds like you're single guy.

[760] You've got some time.

[761] I would be free.

[762] relancing in the logistic space, I would be if I have to go drive, deliver, do landscaping, just to get yourself some breathing room because you can knock this out really quickly.

[763] You just start calculating how many hours would I need to work at X amount of dollars to make an additional $8 ,500.

[764] Just start playing with us and start to see possibilities.

[765] I mean, you make $6 ,500 a month a month, you're a single guy.

[766] And so you put $2 ,000 a month on this.

[767] You're done in three months, four months.

[768] I think the budget probably takes care of them.

[769] Sit down and do a budget.

[770] Sit down and lay out how you're going to do it.

[771] And so $2 ,000 a month, four months, you're done.

[772] That's it.

[773] And then you build up your savings, a good three to six months of expenses, and you figured out that.

[774] So, yeah.

[775] So, folks, 85 % of the people that start in the whole life business as life insurance salesmen are gone in one year.

[776] That's what that is.

[777] This is the Ramsey Show.

[778] Hey, you guys, emergencies happen in life.

[779] Your dishwasher breaks and floods the kitchen, your AC goes out in the middle of the summer.

[780] Situations like those are why we teach people to have an emergency fund.

[781] And when it comes to medical emergencies, there is a medical emergency kit from the wellness company.

[782] They're great for when you need medicines right away and can't wait for the pharmacy to open.

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[788] Just answer a few questions at urgent care kit .com slash Ramsey, and your medical emergency kit is shipped right to your door.

[789] and use the promo code Ramsey at checkout to save 15%.

[790] I have one, and you should too.

[791] That's urgent care kit .com slash Ramsey.

[792] Use the promo code Ramsey.

[793] Ken Coleman, Ramsey personality is our co -host today.

[794] Thank you for joining us.

[795] Open phones at AAA 825 -5 -225.

[796] Today's question comes from Jonathan in Massachusetts.

[797] Jonathan says, without getting too deep in the weeds about my background, I've always had what I would consider a menial job on a help desk, and I don't see that changing in the future.

[798] My concern is about the example I'm setting up for my five -year -old son.

[799] What can I do to ensure he succeeds at his chosen career when the time comes, and how do I encourage him so that he actually does something meaningful with his professional life?

[800] I will keep his mind open to trade school possibilities and won't dismiss anything.

[801] He simply has to do better than I have.

[802] Wow.

[803] Man, I wish I could give you a hug, Jonathan.

[804] I would say to those who feel like Jonathan feels, you can change your future.

[805] You can change your future professionally.

[806] But to the specific question, this is kind of a parenting question on how do we set our kids up so that they can do something meaningful in their professional life.

[807] And I think it's a very simple formula that I teach.

[808] And it's in a simple sentence, if they use what they do best to do something they enjoy, to produce a result that they care about, they're going to be used.

[809] very, very fulfilled.

[810] That is the recipe to meaningful work right there.

[811] That's on the book Paycheck to Purpose.

[812] That is, that's right.

[813] The paycheck to purpose, we unveil seven stages that will get you there, a clear path to get you there.

[814] But that's the formula.

[815] So how do we do this with our kids?

[816] So early on, mom and dad, pay attention.

[817] Pay attention to the things that have come easy to them.

[818] I mean from the time they were toddlers all the way up through high school.

[819] What are the things that just have naturally come easy for them?

[820] Maybe they're sibling struggle, but it comes easy for them.

[821] Help them see that.

[822] Help them pay attention to the compliments they get.

[823] Where are they getting compliments in their life?

[824] This is just basic awareness that you as parents instinctively are going to be able to see, but you help your kids see this.

[825] And what this does early on, before we ever start thinking about college and a major and a professional life, we start to pay attention to what they're good at.

[826] There's a high correlation, Dave, between the things that we're good at and the things that we actually enjoy doing.

[827] So you don't generally enjoy something you suck at.

[828] That's right.

[829] With the exception of golf.

[830] That was what I was going to say.

[831] And that's because of the company and the surroundings, right?

[832] And so we start there.

[833] Let's not overthink this.

[834] And so as they're younger and they're beginning to age into high school and there's pressure to choose a college and then a major and a career path, hopefully as parents, we've given them this foundation that early on they're paying attention to.

[835] This is what I'm good at.

[836] and this is what I enjoy.

[837] And as they begin to experience more of life, let them test some things.

[838] Here's one thing I don't think parents do enough of an America.

[839] And I think it's when we get a kid who, let's say, says, I like working on machines.

[840] I'm good at fixing stuff.

[841] One of the things I would do is I would allow them to spend time with people in different walks of life that are in some ways fixing something, solving a problem mechanically or maybe with their minds and begin to let these kids shadow and see the real thing.

[842] I think you'll see your kids' eyes light up.

[843] So we've made this thing too complex because what we do is we put pressure on these kids to choose a name brand school and get a degree that seems to make a lot of sense according to Kiplingers and U .S. News & World Report.

[844] God help us.

[845] And we push kids into a career that they end up in their early 30s, regretting that they did, and they can't use a degree.

[846] So that's the answer.

[847] Now, we actually have a student assistant.

[848] It's called the Get Clear Career Assessment.

[849] You could get it at Ramsey Solutions .com.

[850] And it's actually made for students.

[851] We took the adult version, which has been a wild success.

[852] Probably not going to work for a five -year -old.

[853] Not a five -year -old.

[854] But as I'm talking to parents in general, this is a wonderful tool.

[855] If you've got a high schooler, get this assessment, the results will allow you and them to get on the same page and begin to talk practically through the advice I just gave.

[856] And I'm really proud of the tool because it actually works.

[857] Yeah, it does.

[858] It's an incredible tool.

[859] So what you're referring to is what the old proverb says in the Bible.

[860] In King James versions, I like the King James version on this.

[861] It says, train up a child in the way he is bent.

[862] The other versions say in the way he's, train up a child in the way he should go.

[863] And when he's old, he'll not depart from it.

[864] But bent, meaning what is his natural bent?

[865] What is his, what is his giftings?

[866] And find that and then accentuate.

[867] that.

[868] And by the way, a kid that likes to work on things doesn't necessarily mean that he or she is a mechanic.

[869] That's right.

[870] They could be a mechanical engineer.

[871] If you see things spatially, you could be an engineer.

[872] And by the way, engineers are the number one career category of millionaires.

[873] Correct.

[874] So, highest probability of being a millionaire.

[875] So among our study anyway.

[876] So, yeah, it's very, very interesting.

[877] I got to circle back, though, Jonathan, and tell you.

[878] Raising kids, more's caught than taught.

[879] Mm -hmm.

[880] And so if he doesn't see his dad going for it and stepping up and stepping out, instead settles back in that easy chair at the menial desk job and, I'm just stuck.

[881] What are you freaking Eeyore?

[882] Get up, man. Get up.

[883] Throw your shoulders back.

[884] Suck it up, step out.

[885] I don't care how old you are.

[886] Some really great careers start in people's 50s.

[887] 60s and 70s.

[888] Colonel Sanders never fried chicken publicly until he was 72.

[889] Wow.

[890] Leonardo da Vinci painted the Sistine Chapel laying on his back.

[891] It's the ceiling, by the way, boys and girls, at 78 years old.

[892] It ain't over as long as you're sucking wind.

[893] So stand up, throw your shoulders back, suck it up, and go do something, buddy.

[894] Your five -year -old needs to see you do that.

[895] That's what he needs to see you do.

[896] this i'm stuck it's always gonna be this way oh crap man get up that's silly don't do that don't do that with your life your life is too precious for you to do this ken wants to give you a hug i'm kicking you in the butt that feels about right i'm gonna be coach i'm gonna be coach ramsie right here man it's half time get your butt up you're behind you need catch up get it get out there man that's what your son needs to see he needs to see his dad do that even if his dad falls flat on his face at least he's running at least your hand you know you get your hands scratched when you fall hit the pavement you know you get your nose bloodied when you fall and hit the pay shut up get up and do it again man this is how this is how live your life this is a life this email screams of quiet desperation yeah true come on man your kid needs to see that.

[897] More's caught than taught.

[898] They're not going to, they're not going to excel if they've never seen any adults excel.

[899] If all the adults in their lives settle, please expect them to settle.

[900] Please expect them to do that.

[901] If the adults in their life esteem academics, expect them to esteem academics.

[902] If the adults in their life fill in the blank, expect them to fill in that blank, whatever it is, okay, hello.

[903] It's what these kiddos are.

[904] Now, some of them will revolt directly against it, but at least they got something to bounce off of.

[905] So get it.

[906] Get it.

[907] Get it done.

[908] I had a friend as a real estate agent, a friend of my dad's.

[909] I used to do deals with him.

[910] And he worked all time.

[911] He just passed away.

[912] He worked all the time.

[913] He had two kids.

[914] One of them said, I'm going to be a teacher.

[915] I'm never getting real estate business.

[916] My dad worked all the time.

[917] Yeah.

[918] You know what the other one does?

[919] Real estate.

[920] Real estate business.

[921] That's right.

[922] At least you got something bounce off of, man. That's true.

[923] I think it's absolutely right.

[924] By the way, he, in all reality, he's a very affordable tech certification program away from potentially doubling his salary.

[925] Because he's got a background in tech.

[926] You say that?

[927] So he's not stuck.

[928] Yeah, he's at a support desk, a help desk.

[929] Yeah, but that doesn't mean it's tech, does it?

[930] I'm assuming help desk means tech, but.

[931] Oh, I don't know.

[932] If it's tech, it's even worse.

[933] Yeah, you're right.

[934] I've never heard that phrase used for anything else, but I could be wrong.

[935] That's because you always need help with tech.

[936] It's funny.

[937] I actually did email our tech team today.

[938] Hey, we have one guy, his full -time job is to fix the tech I break.

[939] Yeah, I'm in the same category.

[940] Just an entire, all the phones and computers that I walk near, they all just blow up.

[941] Like, so, yeah, we got our own little help desk thing going here.

[942] I don't know what kind of help desk your own, man, but go do something.

[943] Don't sell.

[944] Help yourself.

[945] Don't settle.

[946] Get back to your life, man. Go have fun.

[947] Go have fun.

[948] Open phones at AAA 825 -5 -225.

[949] You jump in.

[950] I'm Dave Ramsey, your host.

[951] So here's a quick math refresher.

[952] There are only 24 hours in a day, so your business needs to streamline tasks that are time suckers and focus on activities that make money.

[953] So to reduce headaches as they scale smart businesses use NetSuite by Oracle, the number one cloud financial system.

[954] NetSuite helps you improve efficiency by bringing all your major business processes into one platform.

[955] So join the more than 37 ,000 smart businesses like Ramsey Solutions that have done the math and graduated to NetSuite.

[956] And right now you can download NetSuite's KPI checklist absolutely free at NetSuite .com slash Ramsey.

[957] That's net suite .com slash Ramsey.

[958] Ken Coleman, Ramsey personality is my co -host.

[959] Thank you for joining us, America.

[960] Open phones at AAA 8255 -225.

[961] Sarah is in Minneapolis.

[962] Hi, Sarah.

[963] How are you?

[964] I'm good.

[965] I'm so excited to talk to you guys, and I'm a little bit scared.

[966] But thank you for taking my cough.

[967] It's okay.

[968] We've never lost a patient.

[969] You'll be okay.

[970] I will get through the explanation as quickly as I can and then get to my question if that's okay.

[971] Sure.

[972] My husband is in commercial construction.

[973] He's a field superintendent and it's a family -owned company.

[974] His grandpa started it and now his dad and two uncles own it along with one other non -family CFO.

[975] We moved to Minnesota about six years ago so that my husband could work for the company and eventually take over ownership with his two brothers.

[976] My husband and his two brothers are the only family members that are interested in being owners, but the current owners also would like to bring in a number of non -family owners as well.

[977] The succession plan has been extremely difficult to plan for.

[978] The owners have been not willing to communicate details, so we don't know how to plan for things, and two of them are set to retire at the end of this year with the other two that are going to be hanging around for another 10 to 15 more years.

[979] And so with all of that, there's just been some, like, character information that has come out about, like, the owners.

[980] And my husband has just been questioning whether or not he actually wants to take part in the ownership anymore.

[981] So we just started dreaming about moving back to South Dakota, where we met, and him starting his own handyman business out there.

[982] And I train horses seasonally as well.

[983] Right now, my husband brings home about 90 ,000 a year.

[984] and I'm about $25 ,000 between May and September.

[985] So monthly, our consistent income is about $7 ,200.

[986] We have two kids at a home school.

[987] Our mortgage is about $3 ,000 a month.

[988] We have no car loans.

[989] We do owe $415.

[990] What city in South Dakota?

[991] Rapid, Rapid City.

[992] Okay.

[993] So it's a large enough market that he can build an actual handyman business and probably make more than he's making now.

[994] That's the hope.

[995] but no it's not i mean it's not a hope he can do it if he i don't know if he will or not but i mean i we're working with handymen they're making two 250 awesome yeah it's a huge business because nobody knows out which end of a screwdriver is anymore our culture is as as tool illiterate and so anything that breaks they got to call somebody Ken Coleman.

[996] Yeah, that's true.

[997] He can do anything, and so I know that he will show up on time and do what he said he was going to do, he can charge whatever he wants and he'll have a line around the block.

[998] Okay.

[999] What's keeping you from, why don't we go do this?

[1000] Yeah, what's keeping you from saying this is a no -brainer?

[1001] Because, well, one, we owe about $415 on our house, and on top of that we what's the house worth because he's so handy um right now the house is worth 750 so why can't you sell it um because when we by the time we would clear our debt um we would have about 150 ,000 left over and then to buy a farm why do you have to buy a farm because that's my job I train horses and that's kind of you have a farm now yes How many acres do you have now in Minneapolis?

[1002] Minneapolis, we only have 10.

[1003] It's the only place to train horses is your personal farm.

[1004] Yeah.

[1005] I mean, South Dakota is like one thing they got is land.

[1006] I don't know.

[1007] Oh, yeah.

[1008] It's very expensive, though, and so that's our hang -up is we don't know if we can.

[1009] Cedar Rapids is expensive?

[1010] No, South Dakota.

[1011] I'm sorry.

[1012] Rapid City.

[1013] Rapid City.

[1014] Is expensive?

[1015] Same, same voice tone.

[1016] No, it's not.

[1017] Okay.

[1018] Rapid City, South Dakota is not expensive.

[1019] I'm sorry.

[1020] You're not trying to buy 10 acres in New York.

[1021] You're not.

[1022] It's freaking South Dakota.

[1023] The houses that we would need, the cheapest that we were finding with a house on 10 acres of land is going for about 500 ,000.

[1024] And I don't know if we can.

[1025] So don't buy 10 acres of land.

[1026] Go lease 10 acres of land to do your little horse business until you get the horse business big enough that it justifies a $500 ,000 investment, which is probably never.

[1027] I'm with Dave here, Sarah.

[1028] Let me throw an idea at you.

[1029] Why don't you sell and move up there and maybe rent for a couple of years?

[1030] Get your feet on the ground as in find out who's got horses, what the potential is for you.

[1031] You're making way less than him, and we've already established it.

[1032] He should be making way more than he's making now once he gets there on the ground.

[1033] ground.

[1034] I would ease into this.

[1035] I don't think you have to go from where we are now to a 10 -acre farm so I can do my horse business.

[1036] I think you've created a false narrative.

[1037] There's no way.

[1038] There's no way that's the sorrow wise.

[1039] Yeah.

[1040] I'd ease into it.

[1041] You buy 10 acres because you can afford it and then you do horses.

[1042] You don't buy 10 acres to do horses and make 25K.

[1043] That's a bad business model.

[1044] Okay.

[1045] You don't make enough to justify the expense.

[1046] correct yeah so you got to you need to lease that land or you buy the land because i want the land oh and then i'll do some horses for fun and then i can do 25k on horses all right but um yeah i we're not staying in minneapolis in this toxic situation with this sort of kind of family business debacle uh that he is not going to stay in because you need 10 acres It's just no. Sell it and go to South Dakota and let him get his handyman business going.

[1047] You go rent a farm to do your horse business on.

[1048] And then later on, when you guys make a bunch of money, buy you a farm and you can do your thing.

[1049] And, you know, it's a five -year plan to get to that, okay?

[1050] But you guys, you can't, what you've described in Minneapolis is not sustainable.

[1051] You gave us all reasons to leave and they were all good reasons.

[1052] And then you took Cedar Rapids and made it unattainable.

[1053] or Rapid City.

[1054] I can't say it.

[1055] I keep going on the wrong states.

[1056] The rapids.

[1057] Sorry, South Dakota.

[1058] I actually do know where you are.

[1059] But, yeah.

[1060] Oh, my gosh.

[1061] There's some people in the lobby from South Dakota.

[1062] And Dave is geographically challenged.

[1063] But, yeah.

[1064] I also don't understand why you need 10 acres.

[1065] That seems like a lot for training horses.

[1066] It depends on, I don't know.

[1067] I mean, I'm not a horse trainer, but if you're going to graze them, I mean, you're going to pasture them and so forth, you might.

[1068] Oh, I see.

[1069] I was thinking the training part.

[1070] I've never played one on TV, Dave.

[1071] so I'm over my skis.

[1072] Yeah, definitely.

[1073] Me too, but I do, I'm not over my skis to say you don't spend $500 ,000 to do a $25 ,000 business.

[1074] That's correct.

[1075] That's an easy one.

[1076] Yeah.

[1077] That's a no. We don't do that, period.

[1078] You know, if you want to buy a half million dollar house and can afford a half million dollar house, it's on 10 acres, great.

[1079] Do that.

[1080] Oh, and then I want to do some horse stuff on there.

[1081] Cool.

[1082] That's fine.

[1083] But we don't buy a $500 ,000 piece of property to do.

[1084] do $25 ,000 a year on that does not make sense that's not that's a no that's a non -starter right there so all right there we go move sarah move load up the truck and head to beverly that's what we're doing bring uncle jed and granny and let's go open phones at triple eight eight two five five two two five family businesses that do succession poorly they bring pain onto themselves all they had to do was treat this guy right and he and his brothers would have taken the thing over and it would have gone another generation instead they're putting around and they're going to lose their talent which is in their family to be able to carry this thing generation i was going to ask you does it make sense with what little information you have that they would bring in an outsider for ownership when it was supposed to be a family thing No, all this is somebody trying to get some money.

[1085] One of the uncles wants some money.

[1086] He's trying to get some cash, and none of the boys got in cash.

[1087] He's trying to bring an outsider with some pockets.

[1088] Oh, that makes sense.

[1089] This is the Ramsey Show.

[1090] Ken Coleman, Ramsey Personality, is my co -host today.

[1091] Thank you for joining us, America.

[1092] Daniel is in Los Angeles.

[1093] Hi, Daniel.

[1094] Welcome to the Ramsey Show.

[1095] Hello, Dave.

[1096] We have some home fears, home buying fears, actually.

[1097] okay all right so i want to start with our numbers me and my wife's combined income which is all self -employed 1099 is 243 thousand the house we want to get is a 477000 uh place so we can only qualify for uh bank statement loan and that lender gave us an average of 12 months of deposit of 9 ,500 a month, which puts our house payment at 29 % of our take -home, which is not Dave approved.

[1098] So, is the lender.

[1099] I'm sorry.

[1100] I'm sorry.

[1101] I'm sorry.

[1102] How long have you had your 1099 business?

[1103] Of 10 years.

[1104] 10 years.

[1105] Okay.

[1106] Well, you've got a dumb butt lender.

[1107] You qualify for a standard mortgage.

[1108] If you've got two years of tax returns proving this business value.

[1109] value you qualify for a standard mortgage you don't need to get ripped off on a mortgage okay so call churchill mortgage and talk to those guys they'll help you get it done because he's he's hammering you on the rate didn't he yeah it's uh between 6 .9 and 7 .7 yeah why is it between uh because if i down payment more it'll come down oh yeah yeah Okay.

[1110] Yeah, you need a new mortgage lender.

[1111] Got it.

[1112] Great.

[1113] Good news.

[1114] The last little bit here is every other.

[1115] I've done about 10 trying to get qualified for a loan 10 times and only forgotten the bank statement loans once or twice.

[1116] Because the FHAs and the conventionales or whatnot, I can't seem to qualify for ever.

[1117] Why?

[1118] Is your credit bad?

[1119] No, we have great credit.

[1120] We just have a lot of write -offs and lifestyle.

[1121] Okay, so you have a taxable income on your tax return of $250 ,000 or not?

[1122] No, no, not a personal income of $250 ,000.

[1123] Well, didn't that what you told me you make?

[1124] Yeah, combined business income.

[1125] Gross revs or net profit?

[1126] Gross.

[1127] Oh, well, crap.

[1128] You could be losing money then.

[1129] what is your net profit what's your taxable income our personal taxable income yes sir that's that's all you got your business is personal you're filing a you're filing a schedule c aren't you or you got it in an LLC uh we have s corps and general partnership okay and all of that flows through directly to your tax return when you pay taxes all of your businesses the net profits land on your personal tax return what is your income sir that you pay taxes on about 25 ,000 $25 ,000 a year yeah then you're not making any money you're starving to death in business there are only one kind of write -off there's only bit you can only write off actual cash expenditures which creates a net profit and you can depreciate items and the depreciation has something to do with reality called loss of value in the item.

[1130] So if you buy a $10 ,000 item and it's worth spit two years from now, you can depreciate that item because it's depreciated.

[1131] But you lost the money.

[1132] That's why you can depreciate it.

[1133] I buy a computer.

[1134] I can write off the computer and depreciate it either one year or three year, depending on where it falls in the tax code.

[1135] But I lost the money still.

[1136] a loss.

[1137] So if you're really only making $25 ,000, I don't know how the heck you can afford a house in Los Angeles.

[1138] Yeah, correct.

[1139] We're moving out of state to Las Vegas instead.

[1140] Well, you can't afford a house in Las Vegas making $25 ,000.

[1141] Yeah, Seth, absolutely correct.

[1142] I have no idea what I'm doing.

[1143] All right, open phones at AAA -825 -225.

[1144] Jonathan is in Columbus, Ohio.

[1145] Hey, Jonathan, how are you?

[1146] Hey, I'm good.

[1147] Thanks for taking my call today.

[1148] How can I help?

[1149] So I got myself in a financial pickle, so forgive me for that.

[1150] But to my wife, is it epileptic?

[1151] Excuse me?

[1152] And she's no longer going to be able to work full -time.

[1153] So she's going PRN at work.

[1154] She's a nurse.

[1155] So we're going to take about a $60 ,000 to $70 ,000 hit in our income.

[1156] What do you make, John?

[1157] I make roughly $36 ,000.

[1158] I'm a commission -based salesman.

[1159] And what does she make?

[1160] She was making roughly $75 ,000 a year, going part -time.

[1161] How often is she having seizures?

[1162] She has three years seizure free, but the oras are causing her not to be able to fully be a nurse.

[1163] So it's very dangerous.

[1164] Yes, I agree.

[1165] So she's having to back off.

[1166] well here's the bad that's the bad news the great news is she's a nurse so she could do non -nursing non -actual care but use that knowledge base and make really good money maybe from home yeah can there's a lot of stuff she could do isn't there yeah i think there's a lot of pivoting there she's got some transferable skills uh have you guys looked into that or is this just i mean i don't want her she does for her sake i don't want her on the floor going bed to bed to bed in a hospital.

[1167] That would not be cool for her, much less the potential risk to a patient or something.

[1168] So I completely agree with the fact you need to pivot, but I don't think it goes to zero.

[1169] Yeah.

[1170] No, it's not going to go to zero forever.

[1171] We know that part.

[1172] My concern is the next three to six months as we pivot or transition.

[1173] Has she already quit?

[1174] Yes.

[1175] Okay, that already took place.

[1176] Okay, cool.

[1177] So now we've just got to figure out a different way to apply her skills, and it shouldn't take three to six months.

[1178] It ought to take three to six days.

[1179] I am open to suggestions even on that.

[1180] I'm trying to find online.

[1181] Because the nature of your call is we're struggling financially because we just lost, dadgum, 60, 70 % of our income.

[1182] Yes.

[1183] And you're scared of death for your wife's health because that brings tears to your eyes.

[1184] It brings tears to my eyes, too.

[1185] You're a good man. Yes.

[1186] you love your wife you're a good guy so we'll help you with a you know but if we fix the income thing don't we fix a whole lot of the other stuff yeah because then i can fully get on to the that snowball and get ourselves out of the other pickle that we're in have you sat down the two of you and looked at what her options are doesn't feel like you guys have sat down and talked about it for instance tele nursing is that an option i don't know but that's where my brain goes so it is an awesome option, and it is not an option that we have found readily available as I started applying for her ahead of time, thinking, knowing this was coming ahead.

[1187] And we've not had a lot of success with that.

[1188] And so her oras and her seizures were all stress -induced.

[1189] And her neurologist even warned her, she may have to give up nursing and go on disability.

[1190] We have fought for two and a half years now to avoid that because she would rather work than not work.

[1191] All right.

[1192] So let me throw another high -level idea out because I think you guys are a little bit panicked and it's hard to think clearly when you're panicked.

[1193] But you've got to start looking at real options so it becomes less scary.

[1194] The unknown is freaking you out.

[1195] I would be looking at other caregiving jobs.

[1196] I've coached a lot of nurses who have been burned out.

[1197] And it is one of the top industries as it relates to burnout and transition right now in this country.

[1198] It's a massive problem.

[1199] So I will tell you that one of the things I coached, nurses on is caregiving.

[1200] And when I've asked them, what is it the core of nursing that you love?

[1201] They always come back with.

[1202] I just love caring for people.

[1203] So I would start to look in the Columbus, Ohio, greater area, and go, what are the jobs out there where it is about caring for people?

[1204] Okay.

[1205] And then where are my limitations, knowing what we know medically, I just think there's more options for her to step right into something right now, because let me tell you something.

[1206] there are holes everywhere in the world of caring for people.

[1207] They need people.

[1208] I would start there.

[1209] Yeah, I think you work on the income side of this equation, Jonathan, and keep doing that.

[1210] And I'll tell you what, I'm going to send you a copy of Ken's book Paycheck to Purpose and also Proximity Principle, two of them.

[1211] That'll help you get started.

[1212] And I think you guys just need to start brainstorming tonight, clearly thinking about where she could apply these skills in a non -traditional way that's low -stress environment.

[1213] this is the Ramsey show live from the headquarters of Ramsey solutions it's the Ramsey show but we help people build wealth do work that they love and create actual amazing relationships Ken Coleman Ramsey personality is my co -host today open phones at triple eight two five two two five Rebecca is in Louisiana Shreveport to be exact hi Rebecca how are you you.

[1214] Better than I deserve Dave and Ken. Thank you.

[1215] How can we help?

[1216] Listen, I first have to say it is such an honor to talk with both of you since becoming an avid listener of your show just last year.

[1217] Our family has paid off about $50 ,000 since last September.

[1218] Way to go, kiddo.

[1219] I could cry saying that.

[1220] But anyways, the reason for my call today is I am sort of at a crossroads in my career and wondering what you guys think might.

[1221] next right move should be.

[1222] It's okay if I kind of give you an overview.

[1223] Tell us about it.

[1224] Yeah, what's the crossroads?

[1225] Perfect.

[1226] So a little bit of background.

[1227] I'm recently 30.

[1228] I'm married and we have four kids ranging in age from about 13 to four.

[1229] I was a teen mom.

[1230] I graduated high school with one baby, went straight on to college and graduated on time with two babies.

[1231] And in those hard life experiences, my purpose work, as Ken would probably put it, was born.

[1232] And I began a career in faith -based nonprofit work about nine years ago.

[1233] I made peanuts at first, but currently work in a leadership role at a nonprofit making $85 ,000 a year.

[1234] Alongside this, I've also always maintained for the last eight, nine years, a self -employment, side hustle type work, although it's really a ministry.

[1235] It's a in T -note speaking and fundraising for nonprofit, particularly ministries.

[1236] And in 2023, my side hustle brought in about $100 ,000 in net income.

[1237] And this year for 2024, I am on track.

[1238] I just picked up another contract yesterday to net $140 ,000 in my side income.

[1239] Great job.

[1240] It is.

[1241] But, you know, you can see my spouse employment income now supersedes my regular income.

[1242] And the way we've kind of always worked it is my normal W -2 paycheck, along with my husband's, goes towards paying our bills.

[1243] And then my speaking income, because it's grown so much, has just gone straight to the debt.

[1244] And we've been able to slash it in the last year with a lot of force and with quick pace.

[1245] But now both jobs have grown.

[1246] They've grown in responsibility and time.

[1247] Both require nationwide travel, and I'm away from my kids and my husband.

[1248] and I just feel like my mind, my body, my family is suffering.

[1249] And this is kind of the crux of my question.

[1250] Is it time that I quit my regular job and pursue just myself and my network?

[1251] Yes.

[1252] It is.

[1253] Yes, 100%.

[1254] I feel.

[1255] I know what you feel.

[1256] Guilt.

[1257] I feel like guilt.

[1258] I know.

[1259] I've talked to you so many times, but you have a different name and a different life.

[1260] Yeah.

[1261] I really understand this.

[1262] Here's the deal, though.

[1263] Okay.

[1264] Your love of the organization and the mission, and I see.

[1265] I would guess, just hearing what we've heard about you, that you carry a lot of responsibility of that organization, and you are worried that if you leave them, it might come crumbling down.

[1266] If not that bad, it might really put them in a bad spot.

[1267] Is that about right?

[1268] Yes.

[1269] That's exactly right.

[1270] All right.

[1271] And I understand that's because you're a really good person.

[1272] But number one, the organization existed before you, and I got a good feeling it'll exist after you.

[1273] Would you agree with that statement?

[1274] Absolutely.

[1275] Okay.

[1276] I am in no way accusing you of some messianic complex, superwoman complex, because I think you're a humble, hardworking person.

[1277] However, if you're not careful, you will put too much stock in your value for them, and that turns into a self -fulfilling prophecy that if I leave them, I'm a bad person, as opposed to the mindset ought to be, I have served them very well and have done so much for them.

[1278] Is that a true statement?

[1279] That is a true statement, yes.

[1280] How's your bench depth over there behind you?

[1281] How's your bench depth behind you?

[1282] Do you know what he means?

[1283] How's your bench depth behind you?

[1284] It's a sports analogy.

[1285] Do you have anybody behind you in leadership that's going to step into these shoes?

[1286] That's the problem.

[1287] I don't.

[1288] So I'm not at the very top.

[1289] There is a president over me, but I am at the executive level.

[1290] And there is not somebody currently, I mean, they're going to have to, they're going to have to bring in someone from the outside.

[1291] And there in lies the guilt.

[1292] Now, the question is, can you have any say?

[1293] How many people on the team at this organization?

[1294] Well, probably about 45 total.

[1295] Okay.

[1296] Yeah, your leadership team needs to work on always having your, be working on your replacement.

[1297] All of our leaders here are always working on their replacements.

[1298] Yeah.

[1299] All the time.

[1300] Because our leaders usually are going to have to step up into something new as we grow, and somebody's going to step up into the shoes that they were in.

[1301] And so we were always working on our replacement, including me. How are you doing, Ken?

[1302] Yeah, thank you very much.

[1303] I think I feel okay.

[1304] My throat's a little scratchy, yellow.

[1305] Quick question here, practically speaking, Rebecca.

[1306] Yeah.

[1307] If the replacement that Dave is bringing up was ready to go today, how quickly would you move on?

[1308] Today.

[1309] Okay, all right.

[1310] Because we have a little bit of money set aside, and I've got enough, I mean, my self -employment work is.

[1311] I know.

[1312] Now, that pipeline's plenty full.

[1313] Yeah, I backed you into a corner there on purpose because I wanted you to get emotionally to the place where you're going to have to now get to mentally.

[1314] So mentally, you're going to have to say, what can I do in the days ahead to help prepare a person who's on staff or help my leadership team go find somebody that can step in?

[1315] You do not owe them any more than that.

[1316] Now, you owe that to them to leave well.

[1317] And to me, that's the definition of leaving well to say to them, hey, I'm moving on soon.

[1318] Because you have nothing to worry about.

[1319] They're not going to fire you when you tell them, but you owe it to them if you haven't already to tell them, hey, listen, my time here is coming to an end.

[1320] But I want to leave well.

[1321] And I have determined.

[1322] How can I help you fill these shoes?

[1323] Yeah.

[1324] I don't think we have somebody here.

[1325] Do you all think we have somebody here?

[1326] Or if you think they've got somebody, then you need to identify that person to them and see if they agree.

[1327] And then we begin to create a transition plan.

[1328] But that needs to happen tomorrow.

[1329] That conversation needs to happen tomorrow.

[1330] And it can be gradual if you start sooner rather than later.

[1331] Yeah.

[1332] It doesn't have to be two weeks notice.

[1333] You can say, okay, my goal is September.

[1334] That should give us plenty of time to get someone in here and me to walk with them for a few weeks and get them acclim.

[1335] Or whatever your goal is.

[1336] I don't care.

[1337] And go, guys, if the leadership team wants me to give a two week notice, I can do that.

[1338] But I'm available to help this be gradual and smooth.

[1339] okay that that aligns with what i was thinking i was thinking september can i ask kind of a clarifying question just to i want to make sure you guys have the details real quick we got it we got about a minute make it quick so we still have some debt we are down to just our student loan debt and i think that is where my guilt is coming from because i think part of me thinks if i stick this out and grind although my body is suffering my kids are suffering we could be done in probably nine to 12 months or i could budget better can you can you can you make it for 12 months are you going to be okay No, but if you told me to, I probably would.

[1340] Well, I mean, you probably can.

[1341] You're probably not going to die from it.

[1342] But I don't care.

[1343] I mean, you're just making a value decision.

[1344] I'm going to, in order to get some of my sanity back, I'm going to be in dead a little bit longer.

[1345] That's what you're saying.

[1346] That's okay.

[1347] You can decide that.

[1348] I'm not going to shame you for that.

[1349] But if you want to suck it up and plow on through, there's not any problem.

[1350] That's not a negative thing.

[1351] I could do a lot of stuff for nine months, you know?

[1352] I really can, but it's up to you.

[1353] You don't have to.

[1354] You're done great.

[1355] You're amazing.

[1356] This is The Ramsey Show.

[1357] Ken Coleman, Ramsey personality is my co -host today.

[1358] If you're selling a house in this weird real estate market, if you're buying a house in this weird real estate market, you really need a pro in your corner.

[1359] You really need someone in your corner that has a clue.

[1360] And I'm not talking about Uncle Henry, who got his license three weeks ago.

[1361] I'm talking about somebody who sells 50, 100, 200 houses a year, somebody who's high -octane, high -protein, get -or -done real estate agent.

[1362] That's what you're looking for.

[1363] We don't want the, say, hey, we put together a network of agents.

[1364] I grew up in the real estate business, and so I know what a winning real estate agent looks like.

[1365] And we've got the Ramsey trusted program of endorsed local providers.

[1366] These are endorsed people that we endorse.

[1367] They're local, and they provide you help with your, real estate, and they're high -octane, high -protein people, they're Ramsey -Trusted.

[1368] If you want to know who the Ramsey -Trusted agent is in your area to buy a house from, and that's a great time to buy.

[1369] Sell a house, it's a really great time to sell.

[1370] You can find the Ramsey Trusted Agent for free at Ramsey Solutions .com slash agent.

[1371] Up next is going to be Kaisa.

[1372] Hi, Kaysa, and Spokane.

[1373] How are you?

[1374] Good.

[1375] How are you?

[1376] Thanks for taking my call.

[1377] Sure.

[1378] What's up?

[1379] So I have an annuity with a previous employer.

[1380] I don't know anything about annuities.

[1381] I've tried to do some research on them.

[1382] I feel like I was left with more questions and answers, though, when I did that.

[1383] The gist of it is that I have a $45 ,000 annuity with them and $50 ,000 worth of debt.

[1384] If I did pull the annuity, then it would wipe out six of my seven deaths.

[1385] And I know it wouldn't be the total amount.

[1386] I would obviously owe some taxes on it, but it would wipe out six of my seven debts and speed up the journey.

[1387] and I just, I don't want to make an irrational or irresponsible decision with this, but I can't find any answers on annuities.

[1388] And so I just wanted to call and get some advice and guidance on whether or not I should touch this or leave it alone.

[1389] Well, there's two different, three different ways you'll get, you could get tagged or could get banged up doing this.

[1390] One is if it's in a retirement plan, is it, do you know if it's inside like a 401K or a 403B or anything like that?

[1391] To my knowledge, no. Where were you working?

[1392] What were you doing?

[1393] Construction, Boston, it's a union.

[1394] Okay.

[1395] All right.

[1396] So you don't think it's in a retirement plan.

[1397] Because if you take stuff out of a retirement plan early, you know you get a 10 % penalty plus taxes, right?

[1398] They told me that I'm going to have the 10 % penalty in taxes regardless.

[1399] Then it is in a retirement plan.

[1400] There is no 10 % penalty on annuities.

[1401] Okay.

[1402] You can cash, if I, if I buy an annuity and cash it out early, I don't have any taxes except on the gain inside the annuity.

[1403] Okay, and I don't have, and there is no penalty.

[1404] Now, the third thing is the penalty, and that's an annuity thing, and it's called the surrender, the surrender charges, okay?

[1405] And so they're going to have dates that after a certain date, you get hit a certain amount.

[1406] Do you know how old this thing is?

[1407] It would be about 10 years old now.

[1408] Okay.

[1409] You might not have any surrender charges.

[1410] The problem is there's about, there's three different variables here, and without knowing the actual details of the contract, I can't help you.

[1411] That's the problem you're running into on the Internet, too.

[1412] So here's what you need to do.

[1413] Go to Ramsey Solutions .com and click on SmartVestor Pro.

[1414] That's the mutual fund brokers.

[1415] that we endorse in your area.

[1416] You need to probably have one of those in your corner anyway for future investing.

[1417] You can send them the information you have over on this thing, and they can tell you how bad the ding is.

[1418] Okay?

[1419] If you're going to lose like 50 % of your money and penalties or surrender charges or taxes, no, we don't want to cash it out.

[1420] We're not borrowing money at 50 % interest to pay off debt, agreed?

[1421] Right.

[1422] But if you're going to lose 5 % or 10 % and you can free this money, up and get it away from this union that you don't have anything to do with anymore, sure, let's get it out of there.

[1423] So it's a value judgment that way.

[1424] How much of a ding on the money?

[1425] Because, I mean, if you got 50 ,000 bucks in there and they take 25 of it, then this starts to not be fun.

[1426] They told me it was going to be about 15%.

[1427] But I don't know.

[1428] Like I said, I'm not getting necessarily the most clear answers from them either.

[1429] Yeah, that's what's bothering me. I'm not sure who you're talking to and even knows what they're talking about.

[1430] I'm thinking there's probably no surrender charges.

[1431] Most of those are gone by seven years in almost every annuity.

[1432] It would be very unusual annuity, but unions do some weird stuff sometimes.

[1433] But probably not got a surrender charge.

[1434] If it's in a retirement plan, you're going to get taxes and a 10 % penalty, and I'm going to tell you not to cash it out.

[1435] If it only has a tax penalty, if you're only paying taxes on the growth, That would be probably 15%.

[1436] Then I probably would cash it out.

[1437] Okay.

[1438] So if you get to the bottom of this and it really is only 15%, and you feel like that's solid information from maybe someone like a Smartfester Pro helping you look at it, then yeah, I'd probably use it.

[1439] I'd probably take that money and use it because it's not in a returnment account.

[1440] You've just got a little bit of taxes on it.

[1441] It'd be like if you own a mutual fund and you had a little bit of taxes, but it wasn't in a retirement account.

[1442] I would tell you to cash that out and pay debt.

[1443] and this is the same category only this is just infinitely complicated so because there's these stinking annuities are there's so many different uh they're not a it's not a generic product there's so many versions that you could stumble into uh or could be designed specifically for this union or whatever i mean there's no they're not breaking any laws or doing anything wrong to have a unique contract there so that that's the problem philadelphia is next Ed's on the line.

[1444] Hi, Ed.

[1445] What's up?

[1446] Hi, Dave.

[1447] How are you?

[1448] Better than I deserve.

[1449] How can I help?

[1450] Great.

[1451] Hey, so to keep it brief, a few years ago, I bought a deplex.

[1452] I did the old, you know, live in one half, rent out the other half thing.

[1453] Um, hasn't gone as well as I would like it to go, but what happened?

[1454] A place where it's stable.

[1455] Oh, um, well, within a year of per, say it again, tenant problem?

[1456] Um, yeah, the tenant.

[1457] he died in a car accident and destroyed the unit within a year of purchasing the property.

[1458] So that's kind of what went wrong.

[1459] I'm sorry.

[1460] Not in that order.

[1461] They destroyed it and then died in a car accident.

[1462] Correct.

[1463] That's the, yes, that order.

[1464] All right.

[1465] I'm trying to make sure I know how this.

[1466] He didn't drive the car into the unit.

[1467] Okay.

[1468] No, no, no, no. God of mighty.

[1469] Oh, man. And you're living next door and you didn't know he was trash in your unit?

[1470] um i mean i i kind of knew but uh i mean what are you going to do at that point you know uh the first day i hear a hole in the wall the first day you're gone buddy that's what you do yeah well he was he was paying i don't care if he's paying he's tearing it up yeah i mean don't care if you're paying you got a cat you got a move we don't have cats wow it's a 10 ,000 dollar cat, tear my bad, dumb house.

[1471] It was kind of a, yeah, looking back, bad idea.

[1472] Yeah, anyway.

[1473] Okay, all right.

[1474] So now here we are.

[1475] Have you fixed the unit back up now?

[1476] Oh, yes.

[1477] And now you've got a new tenant in it.

[1478] Yeah.

[1479] That's living and not tearing it up.

[1480] Okay, good.

[1481] Correct.

[1482] It's an improvement.

[1483] Yeah, the question here is, my wife's one, I got, in the meantime, I get married, had a baby.

[1484] The place isn't that big.

[1485] My wife wants to move.

[1486] I'd like to stay here a few more years.

[1487] to continue saving money since the property is finally stable.

[1488] I just wanted to see what your guys take was on the timing discrepancy we have here.

[1489] Sell it.

[1490] Leave.

[1491] Yeah, I agree.

[1492] I have a wife and a baby.

[1493] She doesn't want to live there.

[1494] You think tenants will make you miserable?

[1495] Ooh.

[1496] A wife with a baby can make you more miserable.

[1497] All right.

[1498] So if she don't want to live there, that ain't good, man. No, you got to go.

[1499] Well, you're a young dad, aren't you?

[1500] Yeah.

[1501] He's still not quite convinced.

[1502] Take it from the two old married guys.

[1503] Happy wife, happy life, my friend.

[1504] Yeah, this is not, this is no longer about investments.

[1505] This is about peace of mind.

[1506] Yeah.

[1507] It worked cool when you were a bachelor, but now you got family, dude.

[1508] You're out of the duplex business.

[1509] Seriously.

[1510] So you don't think maybe hang on to it?

[1511] No, I don't.

[1512] No, no. I wouldn't hang on to it 20 seconds.

[1513] I mean, there's nothing in this conversation about this duplex that's been fun so far no you know tenant tore it up then died in a car accident and now your wife wants to move i think this is a sign from god a lot of signs this is the ramsie show ken coleman ramsay personality is my co -host today thank you for joining us america his get clear assessment has helped almost a hundred thousand folks people bought it off of ramsysolutions dot com and so we did the new book find work you're wired to do, which includes a get clear assessment.

[1514] You get a code for a get clear assessment inside the book.

[1515] And the book is all about showing you how to properly read and go through the assessment.

[1516] It tells you how it works, right, Ken?

[1517] That's correct.

[1518] It absolutely walks you through your actual results.

[1519] So in other words, you get the assessment results.

[1520] And then this one coaches you through it.

[1521] It prints out a great report.

[1522] It's a great report.

[1523] You're going to get detailed on what you're really good at, what you really enjoy doing.

[1524] we're talking about work, and then what results motivate you?

[1525] That's your detailed report, and then this book is kind of like a coaching session to help you ideate where you can go in the world of work or confirm, hey, you know what, I am doing the right thing, maybe I'm in the wrong environment.

[1526] And so it's a wonderful clarity guide is really what it gives you, self -awareness, so that you have a lot of confidence going forward.

[1527] Love it.

[1528] So find the work you're wired to do.

[1529] It includes the get clear career assessment.

[1530] assessment when you buy the book.

[1531] It is a national bestseller, and you can get it at ramsysolutions .com slash store.

[1532] All our stuff's in the store, boys and girls.

[1533] Alex is with us.

[1534] Alex is in Indianapolis.

[1535] Hi, Alex.

[1536] How are you?

[1537] Better than I deserve, Dave.

[1538] How about yourself?

[1539] Just the same, sir.

[1540] How can I help?

[1541] So I'm currently an undergraduate student, graduating actually in finance next semester.

[1542] in December.

[1543] Good for you.

[1544] My hope is, my hope is to go to law school after this, but I'm currently very, very fortunate to be debt -free coming out of undergrad, and I don't want to go into debt at all.

[1545] I've been reading some of your stuff kind of recently and kind of sold me on it a little bit.

[1546] So I was wondering what would be some ways that you might recommend not going in a bet when you know you have like a massive law school debt coming up.

[1547] Yeah.

[1548] Like the cost coming up.

[1549] I'm going to jump in here because I've coached a lot of people on this.

[1550] And I interviewed a legal expert out of Houston, Texas, years ago, who did this himself, and he figured out how to go to law school for free.

[1551] And you can search this.

[1552] There's tons of resources on this.

[1553] But here's the short process of how you do it.

[1554] Number one, it's about your LSAT.

[1555] The higher the LSAT, the greater the chance you have for a full ride scholarship.

[1556] So you can take, you know this, the LSAT as many times as you want.

[1557] There's a cash value on that.

[1558] And so study, study, study and get a really high LSAT score.

[1559] Second, early application, the earlier you can apply to these law schools, the greater the chance you have for, again, a full ride because these law schools have quotas that they're trying to get, and they want people who are ready to decide early.

[1560] The third thing is how impressive your total application is.

[1561] So this is really do the homework on what they're looking for, strong recommendations, people like U .S. senators, congressmen, governors when you are really well -known business people, that's your total application process.

[1562] And then the last piece is to go for the non -name brand law schools.

[1563] Your name -brand law schools, I'll just pick a school right here in the shadows of our organization's headquarters, Vandy Law is not going to give full rides to people because everybody wants to get into these name -brand schools.

[1564] You can pick a name brand, your big state school.

[1565] People are clamoring to get in there so they're not looking for students.

[1566] But there are a lot of smaller schools all around the country.

[1567] No one's clamoring to come to their place.

[1568] In other words, supply demand is the principal here.

[1569] And where there's low demand, they are looking for supply and they are wanting to get people graduating from their law schools.

[1570] So all that said, if you're willing to go to a non -name brand law school outside of those other three things I gave you, there is a very good chance that you can get a full ride if not most of it covered.

[1571] What kind of law are you wanting to practice when you're out?

[1572] Specifically, intellectual property kind of with a startup law like that kind of in between those two.

[1573] Yeah, good.

[1574] Contract law and IP law.

[1575] Yeah, good.

[1576] By the way, I want to add to that, no one cares.

[1577] Your future clients will not care.

[1578] I'm your future client because I've got I've got people that do that.

[1579] I've got trademark guys on retainer.

[1580] We've got IP people on retainer.

[1581] I've got a lead counsel that works here full time.

[1582] I got two guys that work for him, two lawyers that work for him full time.

[1583] We've got three on staff.

[1584] I've got a state planning attorney.

[1585] I've got a tax attorney.

[1586] I've got, and I don't know where one of them graduated.

[1587] I don't have any idea.

[1588] All I care is can they do the work?

[1589] That's right.

[1590] And do they have the expertise?

[1591] Now, if they're a dufous, I'll start to worry about them, okay?

[1592] But I mean, and there are lawyers that are dovisors.

[1593] There's plenty of them.

[1594] But actually, I do know where my lead counsel graduated.

[1595] I just lied.

[1596] I do know where he graduated from.

[1597] But that's just an anomaly because in the interview process, I was making fun of him.

[1598] But that was giving him a hard time about his team.

[1599] Right.

[1600] But the, I had nothing to do with the law school.

[1601] But anyway, the, but you're hiring these attorneys based on the credibility of their firms.

[1602] Yeah.

[1603] Like I talked to one of my friends who had some, had some trademark issues, and I'm like, who are you using?

[1604] 17 people have called me since then and said, who do you use?

[1605] And I've referred them.

[1606] And I'd ever said, and he's a graduate of, because I don't even know.

[1607] Nor does Dave know their GPA in law.

[1608] I have no idea.

[1609] Nobody cares.

[1610] I don't know how many, how much debt they've got from law school.

[1611] I don't know any.

[1612] I didn't do an interview like that.

[1613] I just said, do you know how to do this?

[1614] And prove to me, you know how to do this.

[1615] If you're, I've got litigators on retainer, too, come to think of it uh two of them three of them right now yeah uh and so and i do not know where any of them went to law school so that's your customer so ken's right where you go to law school doesn't matter to anybody but you that's it your mama might want to brag about it to her quilting friends the fact but other than that nobody gives a rep i'm just saying so my son went to Harvard.

[1616] Now, that in five dollars I get you a cup of coffee.

[1617] I mean, it's just honestly, it does not mean squat unless you're, if you're going to run for president, it might turn up.

[1618] Yeah.

[1619] If you were, you know, if you were the editor of the Harvard review and while you were in law school, it might show up if you're running for president.

[1620] But other than that, it's not going to come up.

[1621] Yeah.

[1622] And I want to address a objection to our audience because some people I could hear it.

[1623] I've heard this a million times.

[1624] Well, you go to some no name law school.

[1625] They don't have connections with big firms.

[1626] That's why that's a bunch of garbage.

[1627] And here's the other deal.

[1628] Yeah, it says absolute garbage.

[1629] That's just cool.

[1630] But here's the other thing.

[1631] If you go to the Ivy League or your name brand school, understand that you are in competition with a bunch of people all work in the same connections.

[1632] So it is not this advantage that you've been told that it is.

[1633] It's a disadvantage.

[1634] Yeah.

[1635] Because you're in this pool with the wrong, you're swimming in the wrong.

[1636] That's exactly the issue.

[1637] You need to get a. in a different fish bowl in that bunch anyway.

[1638] Because here's the thing.

[1639] I mean, if you want to work for a law firm in New York City and you want to work 90 hours a week for five years to hopefully get to make a partner, you know, yeah, you might want to go to a name brand.

[1640] If that's your goal, but I wouldn't sign anybody up for that hell personally.

[1641] You can make a lot more money doing something else with a law degree and have a lot better quality of life.

[1642] So anyway, that's our thing.

[1643] We're sticking to it.

[1644] That's true of all your degrees out there, people.

[1645] where you go to school I had a friend that was just come through a cancer treatment she has no idea where her oncologist went to college that's a great point doesn't have any idea didn't look it up just said can you help me with my cancer that's all she cared about right that's right that's the deal I mean Daniel's wife's getting ready to have our eighth grandchild I have no idea where the obstetrician went to college none and he's bringing a Ramsey into the world by God he better know what he's doing so you're not you're telling me you aren't the father the right steve martin grandfather running around the hospital nervous i'm definitely that guy but yeah no i'm serious i mean this thing of where you go to school is the biggest lie that has been told to people second only to if you go to college automatically you're going to be successful that's right i got a degree in left -handed puppetry well your degree's freaking useless.

[1646] What were you thinking?

[1647] Well, I learned how to think, Dave.

[1648] Mine's in German polka history.

[1649] You're a barista's what you are.

[1650] This is the Ramsey show.

[1651] Our scripture of the day, Abak two, three, patience is not the same as indifference.

[1652] Patience conveys the idea of someone who is tremendously strong and able to withstand all assaults.

[1653] Whoa.

[1654] Albert Einstein said, it's not that I'm so smart.

[1655] It's just that I stay with problems longer.

[1656] Ooh.

[1657] There we go.

[1658] Sharon is with us.

[1659] Sharon is in Detroit, Michigan.

[1660] Hi, Sharon.

[1661] How are you?

[1662] Hi, I'm great.

[1663] How are you?

[1664] Better than I deserve.

[1665] What's up?

[1666] Okay.

[1667] I, well, first of all, I'm Canadian.

[1668] I'm near Detroit, but in Canada.

[1669] Okay.

[1670] And I'm going to need to buy a car.

[1671] currently my car is 10 years old I think it's going to last another five to 10 years my i'm 66 so hopefully i'll retire some time in those five to 10 years um my financial planner says oh get alone and i'm like not comfortable with that yeah new financial i don't want to make yeah i don't yes i'm not happy there i don't like making a car payment.

[1672] I haven't had one, obviously, for a lot of years because I have an older car.

[1673] So I'm just wondering.

[1674] What size is your nesting?

[1675] Pardon?

[1676] How big is your, how much money do you have?

[1677] I thought I had more than I have, but about 150 ,000.

[1678] 20 ,400 of that I have for designated spending, but the rest of it is, is investment.

[1679] You said, how much is designated spending?

[1680] What are you talking about.

[1681] About $2 ,400.

[1682] So we'll say I've got $150 ,000 invested.

[1683] I see.

[1684] And yeah.

[1685] Okay.

[1686] And you are still working or did you say you retired?

[1687] I'm still working.

[1688] I work full time.

[1689] I have a primary job at which my income gross is about $50 ,000 a year.

[1690] And I also have a part -time job.

[1691] And It's this year.

[1692] I'll be working a little more, so it'll be somewhere between 9 and 10 growth.

[1693] Okay.

[1694] All right.

[1695] And so we got $60 ,000 a year, and you have.

[1696] So what were you thinking of spending on a car?

[1697] Well, right now I have a 2014 Toyota Camry, and I kind of figured it out in miles.

[1698] I got about 88 ,000 miles on it.

[1699] I would like to stay with a Toyota, probably a Prius, because we're all supposed to be going electric.

[1700] I can't have a plug -in, so I'm looking at a hybrid.

[1701] So they run around between 40 and 50 here in Canada.

[1702] Okay.

[1703] So what I want to do, like, I don't want a car payment, but I'm okay with designated spending.

[1704] So that, to me, is just putting the money away now to spend later.

[1705] I'm just trying to figure out the best way to do that whether to put it in so in Canada like the states I'd probably pick up a $20 ,000 sell your car for what you can get in a total of about $20 ,000 $25 ,000 Camry I'd give up on the Prius and just go to another Camry and move up in car and write a check and not not think about it again like right now yeah you got the money Is that money in a retirement account?

[1706] Yes, it's my retirement.

[1707] Is it an RSI or is it just designated by you as retirement?

[1708] No, so I have someone in the TFSA, which if I pull it out, that's after -tax dollars.

[1709] Yeah, you don't want to leave that one alone, right?

[1710] The other one, the RSP, if I pull money out, there are tax implications.

[1711] Exactly.

[1712] So all of it's in some kind of a retirement account.

[1713] that's correct oh okay just just one one is one is there's no tax implications if I use it the other one there is so you can just so your plan is just save up the money then correct okay so so you want to save up like 20 ,000 bucks what's your car going to bring right now about 14 yeah okay so you save up 20 and your car brings 10 by then and uh you buy a 30 ,000 dollar camry I'm in okay so my question though is, like, to save that, like, I can save that, but how should I invest it so that it's making money?

[1714] Oh, you don't have to worry about.

[1715] You're not going to be saving it that long.

[1716] I'm going to take you that long.

[1717] How long is it going to take a year, two years?

[1718] To save that?

[1719] Yeah.

[1720] Well, I'll still be putting money into my retirement.

[1721] Yeah, so how long is it going to take you to save $20 ,000?

[1722] Well, I don't put it into my investment.

[1723] It'll be $1 .000.

[1724] years okay yeah the interest didn't go back to anything this I mean put it in a how you put in a high yield savings account don't worry about it it's not there's not a big investment that's going to suddenly make you $10 ,000 on on 20 not that's safe not that I would put you in or that I would be in if it was me doing this I would just throw it in a high yield savings account and call it a day okay and just keep and I really would get a different financial advisor any financial advisor that tells a 66 -year -old woman to go get a car loan should be disbarred from ever giving advice again.

[1725] I'm not happy with this company, and I don't know what to do.

[1726] We'll get somebody that's got the heart of a teacher.

[1727] Jump on.

[1728] I mean, we don't have the SmartVestor pros in Canada per se.

[1729] We do have them in Detroit that probably know Canada, though, if you're close enough to Detroit.

[1730] So you can check that way.

[1731] But you're looking for someone that has the heart of a teacher.

[1732] has some dadgum common sense but anybody that tells a 66 year old woman getting ready to head towards retirement to go get a car loan that's just you're done that's just dumber than a rock no so you deserve to be fired yeah you're fired is just mailing it in oh for yeah i mean that's not even that's not mailing it's just malpractice jans in atlanta hi jan how are you i'm good how are you better than i deserve what's up Okay, so currently we are debt -free, my husband and I. We are renovating an investment property that's paid for, but our goal is to be able to rent this out when we're done, Airbnb kind of style or something of that nature, and then we would like to build a home back in our community that's about an hour and 15 minutes away from here, our church and friends and all that stuff.

[1733] But we know that it took a long time to get out of debt, and we can get back into that very quickly.

[1734] And so we're looking for the best way to get back to where we want to be.

[1735] And if that is, hey, you can buy some land, build a house, and then pay that off like we just paid off a house, then we can do that.

[1736] But I wanted to get some advice on the best way to do that so we can stay debt -free.

[1737] Okay.

[1738] So the current home that you live in, you would sell and move closer to the community you want to be in.

[1739] well we we are living in our camper renovating this investment property that we own oh and what's going to happen to the investment property you want to try to keep it we would why don't you just sell it and use that money to buy you a house well we can and we're not opposed to that we were looking at long term and i am too having a paid four houses a great long -term move okay and then we're the paid -for house, take your income and start stacking cash and get you another investment property if you want to buy some real estate.

[1740] But I would not own an investment piece of real estate and then take out a mortgage on a new home.

[1741] That's the same thing as borrowing on a paid -for home to go buy investments.

[1742] And I would never do that either.

[1743] It's the same thing, though.

[1744] Okay.

[1745] That makes sense?

[1746] Yes, sir.

[1747] Yes, sir.

[1748] Yeah, so I'd sell the investment property and build your house or buy you a house, one of the two in the community, that you want to go to.

[1749] And Jan, anybody that's willing to live in a camper to hit their goals is able to get just almost anything done.

[1750] That is true.

[1751] That is true.

[1752] That's serious sacrifice right there.

[1753] If I told Sharon Ramsey, we were moving into a camper.

[1754] I would like to be there to video that.

[1755] So I could have an investment property.

[1756] That would, the camper would have its tires slashed.

[1757] It's true.

[1758] By a hillbilly mysteriously.

[1759] It would happen.

[1760] There would be no evidence.

[1761] I promise you that.

[1762] No bloodshed.

[1763] That puts this hour of The Ramsey Show in the books.

[1764] We'll be back with you before you know it.

[1765] In the meantime, remember, there's ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus.

[1766] Hey, guys, I'm Rachel.

[1767] And I'm George.

[1768] And you've probably heard our voices before on The Ramsey Show.

[1769] And do we have a surprise for you?

[1770] Yep, we have our very own show, Smart Money Happy Hour, where we talk about pop culture, current events, and of course, money.

[1771] George, it's a great show, and what else do we talk about?

[1772] So much, Rachel, not enough, and yet too much.

[1773] We talk about guilt tipping because tipping is out of control, and I won't stand for it anymore, which is why I'm sitting.

[1774] I'm glad you were taking such a stand.

[1775] And we also talk about something else I'm passionate about Disney adults.

[1776] Oh, George.

[1777] Why is it a thing?

[1778] Listen, some adults still find the magic.

[1779] Sure.

[1780] We also talk about toxic money traits and girl math.

[1781] And if you don't know what those are, you have to listen to.

[1782] to the podcast.

[1783] Yeah, there's a lot there, you guys.

[1784] It's pretty fun.

[1785] We keep you relevant, is what I'm trying to say.

[1786] We help you out.

[1787] So pull up a chair to the happy hour.

[1788] You wish your friends we're having.

[1789] We promise you won't regret it.

[1790] And if you don't have friends, we'll be your friends.

[1791] We will.

[1792] We're great friends.

[1793] So make sure to check it out on Apple, Spotify, YouTube, or the Ramsey Network app.