The Ramsey Show XX
[0] 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] Dr. John Deloney, number one, bestselling author, Ph .D. in counseling, Ramsey Personality, host of the one of the most popular shows on the Ramsey Network these days, the Dr. John Deloney Show.
[2] He's here to help.
[3] And so if you want to talk about relationships or crazy in your family, he's here to help with that.
[4] And we'll talk about your life.
[5] In general, what we do around here is we talk about you right in front of you, and we get paid for it.
[6] So, thanks for hanging out.
[7] Open phones at AAA -8 -25 -5 -2 -2 -25.
[8] Ronald is with us in Charlotte, North Carolina.
[9] Hey, Ronald, what's up in your world?
[10] Nothing too much.
[11] How are you doing, Dave?
[12] Better than I deserve, sir.
[13] How can I help?
[14] So I have a kind of a strange situation.
[15] My sister called me this morning, and she was crying, and she told me that she had her car repossessed because she didn't pay for her car for about four to five months.
[16] And she wants me to help get the car out of the impound and pay the full amount of her car payment to get it out of repossession.
[17] Wow.
[18] So what's going on in her life that allows a car to get repossessed?
[19] I think it's bad.
[20] Money choices.
[21] She only makes $500 a week, and I'm pretty sure she bought the car for $16 ,000 way over her income, and she's just been drowning in the debt.
[22] She's single, I guess.
[23] no she has a boyfriend so i want to tell you that as well so she has a thousand dollars her boyfriend has offered 2 ,500 to put towards the car and the balance is $8 ,000 after like repossession fees and she wants me to take care of the rest um okay well my rule on helping people is that i have to back up a minute from all the emotions and my my heart because my heart wants to help her right now she didn't call in demand she asked and she was crying and she's scared and her brother wants to help her and I think that's all good there's nothing wrong with her requesting this and nothing wrong with you hearing her her heart on it so my heart wants to help her right this second I may not in a few minutes but right now I do and so then I have to step back from my heart and use wisdom which says I want to to do something here that is a help that when five years from the day we look back, not five minutes, that it actually helped her, okay?
[24] And so, number one, I assume you've got some money.
[25] Yeah, if I have a good reservoir for me. Okay.
[26] And are you married?
[27] I'm engaged.
[28] Okay.
[29] What would your fiancé say if you helped your sister?
[30] Not too happy about it.
[31] Why?
[32] Because I've helped her in the past.
[33] Oh, so there's a pattern.
[34] Yeah.
[35] That is that the help wasn't help.
[36] Instead, it became dependence.
[37] Exactly.
[38] Which John would call you co -dependent at that point.
[39] An enabler.
[40] I think John would say that.
[41] I think that's what psychologists call it.
[42] So, yeah, so that's a bad, clue when your when your wife or you're in this case your fiance says uh you're not being wise then that's something you need to listen to assuming you're you know assuming she's just not mad at your sister for some other reason but yeah but um so the money you gave her before didn't help yeah it was you participating in her crazy world yeah that's what i don't want to do again?
[43] So I've one question.
[44] So at first I was thinking about, you know, helping her, you know, pay the whole entire thing off and then her immediately selling the vehicle and then paying back everybody that she owes and hopefully has a little bit of money left behind so she can have a reservoir.
[45] And then I even went on to offer to sell the vehicle and then she could drive my truck for however long that she needs until she saves up her more.
[46] No, I wouldn't do that.
[47] We need to create something that's what we call sustainable at the end of the story.
[48] When we finish helping her, she can operate without more help.
[49] Okay?
[50] So what that probably sounds like is she sells the car, buys a $2 ,000 car, and pays off all of her debts and goes into Financial Peace University that you pay for, or I'll give it to her through you.
[51] and if in order for you to help her, she has to promise to do two things that help her.
[52] One is she needs to go through this class and freaking learn how to handle money.
[53] Two, so that this doesn't happen again.
[54] Two, she needs to sell the car and get a car she can actually afford.
[55] Oh, I'll add one.
[56] Three, she needs to work on her freaking career.
[57] She's broke.
[58] She's living at the poverty level.
[59] Yeah.
[60] She doesn't work much.
[61] Or if she does, she's got the worst job on the planet.
[62] yeah that's what i told her that she needs to find another job yeah yep yep so if you give her three or four things like that to do what's she going to say i'm not sure honestly you know she's been your sister a long time junior i will oh man that's a hard question i i'm guessing by your hesitancy you know that you're going to put some things in front of her and you probably have most of y 'all's life together and they're pretty low barriers to entry and they include a lot of support from her brother and she doesn't she doesn't make the choice to do those things is that right yeah a lot of the time yeah i'm with your fiance then yeah i think this one she figures out on her own brother for her good Dave that's tough love no darling that's love when you participate crazy people stuff that's not love that's just weakness when people are doing stupid but stuff and you help them how are you helping them you know that's not i'm not fussing at you ronald but people do this all the time i do it i have to catch myself it's like going into the gym and taking the weight off the bar to help somebody lift and then they get put in a situation where they need that strength and you've robbed them from it and like ronald i mean the world needs more compassionate people who will sit next to somebody who's hurting and say i've got a path for you but you You've got to meet me on this path and love this person enough to allow them to meet you.
[63] And she's not able to meet you right now.
[64] That's good.
[65] You know, let's make this even harder just for the fun of it.
[66] Let me tell you what happens, Ronald, when you get a car repossessed.
[67] You feel like someone stole something from you.
[68] It is a weird emotion.
[69] I've been foreclosed on when I went broke.
[70] I know what it feels like.
[71] It's a weird emotion to look up and your car.
[72] is not in your driveway.
[73] You think it got stolen.
[74] And instead it was just repossessed.
[75] Let her sit in that.
[76] Tell her, no, you won't help her buy this car out, but you'll give her, but you'll buy her $1 ,000 car.
[77] You'll give that to her if she'll go through FPU.
[78] I love that.
[79] And then she's not going to do either one.
[80] Because she wants her life back, her unreasonable life back.
[81] And when you don't help her with that, she's going to react poorly and you're going to know what's going on.
[82] And if you buy her that thousand dollar car you have to say this is it you have to hold to that done hold to it finay over no mo money that's it you're going to go through class and learn how to handle it so you don't need me anymore and you need to go get a better job so you don't freaking starve to death this is how we talk to people we love this is the ramsie show here's the hard truth your investment dollars could be winding up in the pockets of companies that hold positions that you don't agree with Yes, that's right.
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[94] Dr. John Deloney -Ramsey, Personality is my co -host.
[95] Open phones at AAA.
[96] 8255.
[97] 2 -25.
[98] Sam is in Harrisburg, Pennsylvania.
[99] Hey, Sam, what's up?
[100] Hey, Dave, thanks for having me on the show.
[101] Sure.
[102] How can I help?
[103] So I'm an independent financial advisor, and I use your investing strategy in a lot of accounts that I have for clients.
[104] I love it.
[105] You know, I've definitely seen strong performance with it.
[106] And so one question I sometimes come across is, you know, within clients 401K plans that they have, Their investment options are often pretty limited.
[107] So I was wondering, with your philosophy, I try to follow it in there, but sometimes the international fund options are pretty loudly, as you know.
[108] So I was wondering if it's okay within a 401k plan to maybe follow a little bit less strict to the exact strategy and maybe just use like a large cap, mid -cap, and small -cap fund and kind of nix the international.
[109] but I was just wondering, I just wanted to get your thoughts on that.
[110] That's a very intelligent question by your customer.
[111] They really, you've done a good job because you've taught them well to where they are looking at the track records because of the four categories, growth, growth and income, aggressive growth, and international, the international category among those four underperforms the other three dramatically, including in my portfolio.
[112] So I'm really impressed that they actually figured that out.
[113] That means that you did a good job teaching them to look at their long -term track records.
[114] So so much so, Sam, that two years ago, I had my personal SmartVester Pro that handles my mutual funds.
[115] You know, he and I are always bouncing ideas about our advice back and forth because there's nothing in the Bible about this.
[116] This is not a, it's a Dave idea, okay?
[117] It's not something that can't be wrong.
[118] It could be wrong.
[119] and I'm looking at it going, these internationals suck.
[120] And I've got good ones.
[121] I've got some of them.
[122] I mean, I've got the highest performing and they still are underperforming the others.
[123] And so I called my guy and I'm like, hey, let's run some hypos.
[124] Let's run some hypotheticals.
[125] You know what that is where you run the, you know, but for the audience, that's where you run.
[126] Go back 20 years.
[127] Go back 25 years and say, what if I had run just growth, growth, growth, and income aggressive growth and did not have international, even go back 50 years and do that and run me some hypotheticals out on my four categories or the three categories without.
[128] And let's see if it makes, if the diversification even makes sense, because over time, the diversification should make you more money.
[129] You and I know that, Sam, right?
[130] And this category sucks so bad.
[131] I was just like, I think I may change my advice after all these years and pull it out.
[132] Well, we ran those hypotheticals out and the weirdest thing happened.
[133] We made less money because in the inverse market, and I couldn't figure out why at first, and he and I finally traced it down.
[134] What we figured out is, is the internationals run about inverse of the others.
[135] And so when the market swings up and is doing real good like it is right now, the internationals are sucking wind, and that's when you notice them.
[136] When the market takes a dive down, the internationals hold or pick up, and that diversification then ends up making you more over the long haul as a concept okay now that's a different part that's an overarching thing on the ramsie advice of the four mutual funds so me and him came to the conclusion it probably a good idea to leave it in there even though when i look at their returns i just kind of want to puke a little you know and so it's just awful but anyway so but back to your particular thing anytime i'm inside of a 401k and any one of the four categories has only extremely weak.
[137] I don't know if I would leave it out, but I might not do fourth, fourth, fourth.
[138] Right.
[139] I might do 10 %.
[140] Yeah, maybe 10 % in a weak sister.
[141] And then up the others to, you know, 33 or something.
[142] Something, you know, that kind of a thing.
[143] Or 30 would be, I guess.
[144] but something like that.
[145] I like to have the flavor of that inverse relationship in there if I can get at it.
[146] An example of that would be when we're making TSP recommendations.
[147] We do not tell people to do forth, forth, fourth, in the Thrift Savings Plan.
[148] We tell them to, because honestly, those indexes that they put in that thing, most of them are just horrid.
[149] The Sea Plan outperforms everything else.
[150] so drastically in the TSP that we finally said, okay, we're going to do 80 % C, 10 international, or 10I, which is their international, and 10S, which is their small cap.
[151] And so 801010 is our TSP recommendation.
[152] And that's a similar question to what you're asking about a particular 401K.
[153] Does that make sense?
[154] Yeah, no, that makes perfect sense.
[155] I guess that was primarily my question because, like, within accounts I manage, like we can go through fund selection and find something that's, you know, pretty decent for international category, but it tends to be tougher when, you know, the options are limited within a 401k or 4 -3B or something like that.
[156] Exactly.
[157] So that makes total sense.
[158] Yeah, that's more like the TSP in that situation, and I would just change the ratios somewhat.
[159] But again, you are obviously well -versed in this stuff as an advisor, and the thing that people forget is the power of diversification, you know, having some money in different things is very important.
[160] So even if it's just a little, maybe we don't want quite as much Tabasco in there as we want other things, but we do need the, we do need the spice in there, you know, and my mouth just watered.
[161] And Sam, I was going to say exactly word forward what Dave just said.
[162] All that stuff, about sea funds.
[163] I was going to do exactly that same.
[164] So kudos to you, Dave.
[165] I let you take that one and just kind of run with it and you're right on okay thanks it's good thanks for covering for me there appreciate it let me talk that's good um the you got to get you gotta get you got to get your voice back in this show a little bit yeah what's what's interesting folks is the the bible does say in ecclesiastes spread your portions to seven yes to eight for disaster may come upon the land now keep in mind ecclesiastes is not the positive thinking book of the bible okay pretty much Everything in there is the world's coming to an end.
[166] You're going to die.
[167] It's the choose reality book.
[168] It's, it's worse than that.
[169] It's the, we're all going to die book.
[170] It's the zombie apocalypse is on the way.
[171] All the, you know, it's all this.
[172] but, but yeah, choose, spread your portions to seven, yes, to eight, for disaster may come upon the land.
[173] you know, Fauci may come upon the land.
[174] you know, spread your portions to seven, yes to eight.
[175] Some people might vote wrong.
[176] spread your portions to seven yes to eight and and that in other words diversification not necessarily the four types of mutual funds i talk about but not having all your money in one thing your portions seven yes to eight diversification is biblical and i think it's important you said this uh but to double click on it when you have a what i call a fail safe or a stop gap or we get a lot of grief for telling people to put an emergency fund in a high -yield savings account, just leave it alone.
[177] It's not to, it's to be there when you need it.
[178] I like the idea of there being a, what feels like a drag sometimes, but man, when the market goes south and this thing has proven over time to hold steady or to kind of buoy everything.
[179] Yeah.
[180] I like it.
[181] That's discipline, right?
[182] Let me keep doing the hard thing, even though I look at it and look at it and get frustrated, get frustrated.
[183] But over time, it proves itself out.
[184] Well, when I was young and rash, I only wanted to invest in things that we're going straight up.
[185] That's right.
[186] But I see that on Instagram and TikTok that they do that too and they're going to fall off a cliff, right?
[187] And so you would only buy an aggressive growth stock mutual fund then, a small cap fund.
[188] Because the world's just going to always be.
[189] Yeah, it's always going to be high tech.
[190] Yeah, you don't have that wisdom.
[191] It's going to have the high tech in there.
[192] It's going to have all the startups in there.
[193] It's going to be exciting.
[194] But that's also the one that falls the fastest as soon as the market turns down.
[195] That's right.
[196] And then you'll be glad you got the boring growth and income, which is really seriously.
[197] boring it's awful it never does anything it just sits there oh god but you're so glad you have it when the market turns down you know what this is boring being broke diet nutrition yeah being a good person mental health what's that the old uh spiritually the worst part about being a christian is it's every single day you can never wake up on the first day of the month and memorize all five books of you know what this week i'm just going to raise hell yeah this yeah next week the worst part about exercises.
[198] You just got to do it again tomorrow.
[199] And then again the next day.
[200] And you look up over time and you have a healthy life, right?
[201] Yeah.
[202] It's worth it.
[203] It's worth it.
[204] No discipline seems pleasant at the time, but it yields a harvest of righteousness.
[205] This is the Ramsey Show.
[206] This show is sponsored by BetterHelp.
[207] Hey, good folks, the back -to -school madness is upon us.
[208] It's hitting us right now.
[209] We got travel and work and all these forms to fill out now and sports to travel to and on and on.
[210] 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 and those are the things that make our life even worth living here's what i've learned when it comes to taking care of me i have to put on my oxygen mask first and that means that i have to do the things that keep me well and whole and i know that you have to do those same things too so don't skip the things that matter to you including regular exercise, hanging out with your friends, and regular therapy appointments.
[211] And when it comes to therapy, contact my friends at BetterHelp.
[212] BetterHelp is 100 % online therapy staffed with licensed therapists.
[213] It's convenient, it's flexible, and it's suited to fit your schedule.
[214] 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.
[215] In this upcoming season, make sure you put on your oxygen mask first.
[216] Never skip therapy day.
[217] Call my friends at BetterHelp.
[218] Visit BetterHelp .com slash Deloney today for 10 % off your first month.
[219] That's BetterHelp, H -E -L -P .com slash Deloni.
[220] Dr. John Deloney, Ramsey, Personality, is my co -host today.
[221] Open phones at AAA 825 -5 -225.
[222] well you have almost missed it but not quite we're going to be doing the live like no one else cruise in march and there is a handful of cabins left if you still want to go you can still get in it is a totally ramsie boat yep the whole thing nobody on there but people doing our live like no one else cruise it's not a partial the whole thing is us it's all the ramsie personalities all week long plus Manit Shohan from the Food Channel.
[223] She's amazing.
[224] She's going to be doing some cooking demonstrations and things.
[225] We're going to have all kinds of events and seminars on the ship.
[226] As we go around, we're going to Turks and Kekos, St. Thomas, Puerto Rico, the Bahamas.
[227] It's going to be amazing.
[228] We're going to have a blast.
[229] Stephen Curtis Chapman, Dove Award winner, Grammy Award winner.
[230] Our friend will be there doing a concert for us.
[231] You're going to love this, and we'll be with you.
[232] I'll be on the boat all week long, or the ship.
[233] Sharon says, quit on at a boat.
[234] Well, it's a very large boat.
[235] It's a ship.
[236] So there you go.
[237] Hey, you can secure your spot with a $600 deposit before all the cabins are gone at ramsysolutions .com slash cruise.
[238] We have not done one of these.
[239] This is the first one we've ever done.
[240] We attempted to do one, and there was this little virus thing that kind of screwed it all up and ended up getting canceled because we didn't want to die on the high seas or something.
[241] So now this is what we're doing this thing.
[242] and we're excited about it, March of next year, March 22nd through the 29th.
[243] John, this is going to be fun.
[244] I can't.
[245] I'll tell you what.
[246] I can't wait.
[247] It's my first cruise.
[248] You've never been on a cruise?
[249] Never been on a cruise.
[250] This is my first cruising experience.
[251] Wow.
[252] Well, you're starting out on high cotton because this is like Holland America.
[253] This is not Walmart on the seas here.
[254] This is a big dog.
[255] I'm a Walmart on the seas kind of guy, so I'm pretty excited about this.
[256] This is good stuff here.
[257] You're living high.
[258] Good stuff.
[259] Hey, it's to live like no one else, Cruz.
[260] By the way, that means you should be in baby step four or beyond.
[261] You're not supposed to be taking vacations if you're in one, two, and three, getting out of debt and building your emergency fund.
[262] So we want you to come and celebrate with us if you've gotten out of debt, everything but the house, and you're working either four, five, six, or you're at seven, something like that.
[263] You've got a little money and everything's okay now.
[264] We've got you away from the edge of the cliff.
[265] We're not trying to take money from broke people on a cruise.
[266] That'd be kind of backward, wouldn't it?
[267] So, no, we want you to come.
[268] As a matter of fact, you can aim at it.
[269] We'll probably do another one someday because this one's almost sold out.
[270] But here's a great idea.
[271] You're getting ready for school.
[272] It's back to school starts, all the drama.
[273] Imagine just sliding over your spouse like, hey, honey.
[274] In March, I got us taken care of.
[275] We're going on a cruise.
[276] You probably should discuss it with it before you slide over there that we're doing it.
[277] Way to go fun ruin.
[278] I know.
[279] I'm a fun ruiner.
[280] That's me. Don't make large decisions.
[281] That's a guy that's made large decisions.
[282] that got hit for it.
[283] Yeah, yeah.
[284] Turns out my wife is not into surprises.
[285] Who knew?
[286] All right, Ramsey Solutions .com slash cruise.
[287] That's how you do it.
[288] Anthony's with us.
[289] Anthony is in Omaha, Nebraska.
[290] Hi, Anthony.
[291] How are you?
[292] Good.
[293] How's it going, guys?
[294] I'm a huge fan.
[295] Well, thank you.
[296] How can we help today?
[297] All right.
[298] So I'm a newer listener to the show, and my baby step number two.
[299] I got about $5 ,000 in credit card debt and a bed that we financed.
[300] And I also have a car payment that's $500 a month, and I owe about $25 ,000 on that of 9 % interest.
[301] So my question is, I live in Sioux City, Iowa, and I drive to Omaha every day for work.
[302] It's about an hour and 40 -minute commute.
[303] Um, I'm a journeyman plumber in Omaha and my boss pays for my gas and maintenance on my vehicle.
[304] But I'm afraid that I'm going to drive it into the dirt before the loans paid off.
[305] And the whole reason I started working there was because he told me he would get me a company vehicle and benefits and stuff like that.
[306] But it's been about a year and none of that has happened yet.
[307] So I'm wondering if I should.
[308] switch and go back to Sioux City and work there, really close to my home.
[309] I could get a company vehicle and get rid of my car, pay off the remaining balance.
[310] But I would be making about $30 an hour instead of 40, so it would be about a 30 % deduction and pay.
[311] So my question is, I just, I don't know how I should handle it, basically.
[312] When you make $30 an hour, where does that take you in five years?
[313] Definitely more than 30, and I don't know for sure.
[314] That's what they'll pay me. I'm just low -balling it, but I would imagine it's going to be around there.
[315] Why is it less?
[316] Same job, journeyman?
[317] Yeah, same job.
[318] The work, the demand for work is just higher in Omaha.
[319] There's not as much in Sioux City.
[320] They don't pay plumbers as much.
[321] But there are guys at the company that I'm talking with that.
[322] that do make upwards of 40 or more.
[323] Okay.
[324] All right.
[325] How old are you?
[326] I'm 31.
[327] Okay.
[328] I would not make the decision on a singular piece of data, meaning your job.
[329] There's other parts to the data.
[330] There's your future.
[331] Where do you want to be in 10 years?
[332] There's where I want to live.
[333] Are you married?
[334] No, engaged.
[335] Okay.
[336] And where is her family?
[337] Her family lives in Sioux City.
[338] Okay.
[339] Well, pretty high likelihood you're going to be in Sioux City, right?
[340] Yeah, that's what I'm thinking.
[341] Yeah.
[342] That wouldn't be unusual anyway, I mean, unless you just decided to move.
[343] So if you wanted to, you know, make more, you could go to even a bigger city than Omaha.
[344] You all leave Sioux City.
[345] What does she do?
[346] She's a pharmacy tech.
[347] Okay.
[348] So she can land anywhere.
[349] And, I mean, you could go to Kansas City, bigger than either one of those, and let's just pretend make 60.
[350] Okay.
[351] So it's 60, 40, or 30 based on the demand in the areas because Kansas City is a boomtown.
[352] So, you know, I'm just making this up, okay?
[353] But in the end, all of that, you're choosing to move away from her family and really what sounds like your hometown too.
[354] Right.
[355] So choice number one is where do I want?
[356] want to live okay where do you want to live do you know um it doesn't really matter to me i know but you're married and her do you guys want to leave there or not you know um no okay all right so we're going to live in sue city all right then that helps me a bunch because i ain't driving an hour and 40 minutes for 10 bucks no way life sucks on the road that much and yes you're destroying a very expensive vehicle this makes no sense at all so yes you take take the other job, but you don't even have the other job at 30.
[357] You probably walk in there and go, hey, I got a car promised over here at 40 and benefits promised over here at 40.
[358] If you guys will give me the same car and the same benefits, he's promising me. You don't have to say you got them because you hadn't got them yet.
[359] But the other guy promised I'm making 40 and he's promised me a car and benefits.
[360] If you guys are giving me a car and benefits in 40, I'm here.
[361] You'll probably get higher.
[362] And then the question, then the question you're asking me becomes a no -brainer.
[363] You don't even have to think about it.
[364] I'm not commuting an hour and 40 minutes to make the same money.
[365] No, right?
[366] Right.
[367] So go see what you can get.
[368] And then that answers your question.
[369] So what you're doing is you're proposing, you're giving me and John, an actual versus a hypothetical.
[370] Because you don't have a solid second option yet.
[371] You need to turn your hypothetical into three different solid job offers.
[372] and then I think the decision will be instantaneous.
[373] John, that's kind of a faulty way of approaching decision -making, right?
[374] Yeah, I don't ever, like you said it best.
[375] I don't like ever making a decision based on a singular data point.
[376] And I also think it's worth, you're about to say I do, you're about to create something totally new with another person.
[377] I think it's worth asking that person, what do you envision our life like?
[378] And I can't imagine a spouse saying, Well, I imagine you on the road for two and a half hours of every single day.
[379] So you won't be around so we can get married and I can just get your check.
[380] And so, yeah, create a world where you can live where you want to live and make that thing happen unless you just can't live in that city.
[381] Like being a book editor in Manhattan, you probably got to move.
[382] It's too expensive, right?
[383] Yeah.
[384] But, man, I think, Dave, I think you're a good journeyman.
[385] You can go to Sioux City and make it happen.
[386] One of the questions I get all the time is, which life insurance?
[387] company should I use for my term life policy.
[388] A valid question, since there are hundreds of companies out there, with rates all over the place in riders and add -ons that are simply a waste of money.
[389] You need to get this done and make the right decision.
[390] That's why the only company I use and have recommended for over 25 years is Xander Insurance.
[391] Zander is a broker who shops the top term life companies for you and finds the best rates available from the only own plans I recommend.
[392] They also save you time, whether you want to work online, over the phone, or via text, their team will cater to your needs and help you make the right decision.
[393] This is an absolute necessity, and Zander has made the process easy and convenient.
[394] Call them at 800 -356 -4282 or visit zander .com for instant online quotes.
[395] Dr. John Deloney -Remsey personality is my co -host today.
[396] If you haven't listened to the Dr. John Deloney Show on the Ramsey Networks, it is one of the top podcasts in the world right now and talking about relationships and mental health issues.
[397] He's PhD in counseling, so he's there to help you.
[398] Somebody told me this weekend, you're the America's coolest shrink.
[399] I accept that.
[400] I'll go with that.
[401] I accept that.
[402] Rock and roll T -shirts, Led Zeppelin T -shirts on your shrink, right?
[403] I had a woman say, you know you're the big brother I never had, and I thought, that's about right.
[404] That's kind of nice.
[405] Yeah, I'm the uncle.
[406] And now I've become grandpa.
[407] Your grandpa.
[408] I'm the grandpa you never had.
[409] First I was the friend, and then later, as I went along, I got to be the uncle, and now I'm the grandpa.
[410] But that's okay.
[411] All that's good, I'll take it.
[412] Stephen is in Austin, Texas.
[413] Hey, Stephen, what's up?
[414] Hi, Dave and John.
[415] Hey, I have a question.
[416] My wife and I have 30 ,000 in apple stock burning a hole in our pocket, and we have a tight, structured lifestyle with three kids, and I would love advice on what to do with those shares.
[417] Okay.
[418] Well, anytime someone has any kind of a non -retirement asset, like mutual funds or stock or anything like that, I'm always going to use that to further them on our seven baby steps because we have now proven data after decades of doing this, that that is the fastest right way to become wealthy.
[419] So, all that to say, do you all have any debt?
[420] Yes, we owe $170 on our house.
[421] We have a $20 ,000 student loan and then just a furniture loan of $2 ,200.
[422] Okay, all right.
[423] Well, we teach folks, the baby step one is to have $1 ,000 set us out, a little starter emergency fund, then two is become debt -free everything but your house.
[424] Three is to build an emergency fund on top of that thousand.
[425] that is three to six months of expenses.
[426] So I'm going to use any assets you've got that are not retirement, including the stock, to do that first and foremost.
[427] So I'm paying off your student loan and your furniture loan today when you sell that stock, and I'm going to use the rest of it to start building my emergency fund as fast as I possibly can.
[428] And now that I don't have those two payments, I should have a little more room in the budget to build that emergency refund quickly.
[429] I see.
[430] And here's how I know that also works.
[431] Do a little reverse engineer.
[432] let's pretend you did not have a student loan and someone came up and said you can borrow $20 ,000 on a student loan and buy Apple stock with it would you do that no no you would not do that I would not let you do that that would be silly okay and in essence that's where you are it isn't how you got here but by not selling the stock and paying off the loan it says if you did that you follow me yes it's the same risk portfolio same risk analysis same mathematics involved and all of that and so yeah clean it up man and and work it all the way through so you're new to all this ramsie stuff let me send you a copy of the total money makeover book it's the one that's the baby steps on steroids it'll show you every little nuanced question about walking those steps and why they work um and you know we've sold 10 million of those at this point.
[433] So we know, and we've had 10 million people go through financial peace university also.
[434] So we know this process works.
[435] And that's, that's, you know, there's a nine question that you can go that way.
[436] And it's also when you have stock like that, like just say Apple stock or Tesla, it's easy to say, I'm going to use this for something great, not to go back and pay for something I've already been a part of.
[437] But think of it this way, like Steve Jobs just put you through school.
[438] Let's just be happy about it and move.
[439] Like let's come up with some way to frame it.
[440] That's good.
[441] If 20 years ago, if someone said, hey, Steve's going to give you $30 ,000 to go to college, I'll take that deal.
[442] So it's hard to pay for something you think you've already gone through, but you haven't paid for it yet.
[443] Let's just cash it out, pay for it, and let's move into the future.
[444] Very good.
[445] Riley is in Charlotte, North Carolina.
[446] Hey, Riley.
[447] Hi, how are you doing, Mr. Randi?
[448] Great, brother.
[449] How can we help?
[450] So I'm calling.
[451] I've been watching all your videos.
[452] for a little while now, and I wanted some advice on an engagement ring for my girlfriend as far as price goes.
[453] I'm about to graduate UNC Charlotte this fall.
[454] Congratulations.
[455] What's your degree in?
[456] It's actually going to be in history, and the reason why that was one of the closest things that I could get to finishing on time.
[457] It was going to be criminal justice, but my job doesn't care what my degree is in, and they'll still give me a 10 % increase in my pay once I get through some of the training.
[458] Cool.
[459] What are you going to do?
[460] I'm going to be a Charlotte police officer.
[461] Oh, good.
[462] Thank you.
[463] Very cool.
[464] Yes, sir.
[465] So the real question is how much should you spend on this engagement ring?
[466] Yeah, yeah.
[467] Well, how much do you love?
[468] Right now, I'm in a...
[469] I'm just kidding.
[470] I'm just kidding.
[471] You didn't go there.
[472] Very much so.
[473] So when will you be getting married?
[474] So it would be next year, probably the end of next year.
[475] Will you be a police officer by then?
[476] Yes, I'd be through the academy, and they're paying the officer salary to the whole academy.
[477] Okay, and how much will you be making as an officer?
[478] About $65 ,000 a year.
[479] Okay, all right.
[480] The jewelry stores will often tell you three months of pay.
[481] Our rule is one month of pay.
[482] Okay.
[483] Five grand.
[484] Okay.
[485] Or less.
[486] Okay.
[487] How old are you?
[488] Yes, sir.
[489] 23.
[490] Okay, good.
[491] And then I'll throw in some unsolicited advice.
[492] Diamonds and furniture are the two things that are marked up the most that we buy in our 20s.
[493] High markup, big margin.
[494] So my point is what you would pay for a one -carat at a retail jewelry, restore, you can probably buy that diamond for half of that, okay, by snooping around and finding a broker.
[495] Now, the danger in doing that is, and it can be dangerous at the retail store, too, you're going to invest $5 ,000 in something, you're getting ready to learn a little bit about diamonds as you go along, okay, and meaning you're going to learn about clarity cut, you're going to learn about flaws you're going to learn about these things because you want to know about it if you're going to spend five grand on something you should want to know about it I bought quite a few my wife has several things that sparkle in her life and so um uh the uh but but you know I'll and this is very tacky sounding and you would really need to have someone with you that knows something about jewelry if you happen to have a friend or a father's friend or something like that that is in the jewelry business that would go with you.
[496] If you can find it at a pawn shop and it's a good stone, you probably can buy it and have it reset.
[497] You probably buy it for 25 or 30 cents on the dollar.
[498] Like I bought a diamond for 12 ,000 bucks that was easily a $50 ,000 diamond.
[499] Okay?
[500] Just to give you an idea.
[501] But I've been screwing around with it a little bit.
[502] I still wasn't completely comfortable with my level of knowledge to do that.
[503] So I had a buddy of mine come over and look at it with me. And I did know the guy that owned the pawn shop and I trusted him.
[504] He was actually a friend and a good, he knows, knows the stuff too.
[505] But I checked it two different ways and I grasped what I was doing.
[506] So that can be kind of a little bit of a fun treasure hunt for you.
[507] So don't just walk into the people that are, oh, he got it at Jared's.
[508] No, thank you.
[509] No, he shouldn't get it at Jared.
[510] You should never get it at Jared's.
[511] I'm sorry, Jared.
[512] But whoever Jerry it is.
[513] Bless his little hard.
[514] But, yeah, those people, that's going to be like buying furniture at the mall.
[515] Okay, you're going to pay full stinking price for it.
[516] No deals.
[517] You're in North Carolina.
[518] You know about furniture deals, right?
[519] And so you run over to Hickory and it's 50 cents on the dollar, right?
[520] Yes, sir.
[521] Okay.
[522] This is what I'm talking about.
[523] So you poke around, learn a little bit about it while you're doing that and have some fun with it.
[524] And if she wants to pick out a certain type of thing, That's fine.
[525] You can find diamond brokers out there that we'll look for it.
[526] I wouldn't break my back on this, but I also wouldn't just walk in there like sheep being led to the slaughter thing, you know?
[527] That happened to me, man. You paid full time?
[528] I paid full time for the first one.
[529] The first one was 0 .23, baby.
[530] Yes.
[531] We're talking a speck.
[532] Yes.
[533] Point two three.
[534] You can't even see it.
[535] That's what love looks like, baby.
[536] That's what love looked like when I was 20, had no money.
[537] That's all the love there was.
[538] $1 ,600 to $66 bucks in 1982.
[539] I'm just saying, and I remember those $56 payments too.
[540] Wow.
[541] Unbelievable.
[542] This is The Ramsey Show.
[543] Hey guys, George Camel here.
[544] No matter what platform you use for news or entertainment, you and I both know it is way too hard to keep your feed from getting junked up with bad content.
[545] I know I'm not the only one who's gone searching for the Ramsey Show, only to find myself two paws and 12 videos deep in a kidnap.
[546] hole on YouTube, which is great, but not what I'm looking for right now.
[547] And heck, if you're tuning into this digitally, there's probably some weird, scamy, suggested content trying to play in the sidebar right now.
[548] Crypto content.
[549] See what I mean?
[550] And that's why I love the Ramsey network app.
[551] It is the best place for uninterrupted, easy access to the content that keeps you focused on your goals.
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[553] With over 7 ,000 hours of Ramsey content, yep, you heard that right, 7 ,000.
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[557] Live from the headquarters of Ramsey Solutions.
[558] It's the Ramsey Show where we help people, build wealth, do work that they love, and create actual amazing relationships.
[559] Dr. John Deloney, Ph .D. in Counseling, Ramsey Personality, host of the Dr. John Deloney show, one of the more popular Ramsey Networks shows out there, and, of course, number one best -selling author.
[560] He's my co -host today as we answer your questions about your life and your money.
[561] Open phones at AAA 825 -5 -225.
[562] So last week, we did something I've never done before.
[563] Well, to start with, we had the last.
[564] Grandbaby came on Sunday.
[565] So Daniel had Evelyn Grace, which is precious, and he has informed us.
[566] That's his last one.
[567] And the girls have both informed us.
[568] That's their last one.
[569] So we have eight.
[570] We'll top out at eight.
[571] And baby came at 11.
[572] In the afternoon, we flew to Washington, D .C. after holding Evelyn Grace and took our oldest grandson, 10 on his, apparently we do grandparents' 10 -year trips with each kid now.
[573] And I just found this out.
[574] So we do this.
[575] We had Washington, D .C. and touring everything, the Capitol, the White House, the Tomb of the Unknown, the Marines at the Iwo Jima statue doing the Drum and Bugal Corps with the snap rifle hole routine, and he loved that.
[576] And if you don't come away, even in the middle of a political climate like we're in, if you don't come away from a visit from Washington, D .C. when you're 10 years old, feeling very patriotic, something's wrong with your grandpa.
[577] so grandpa made sure he saw and saluted and saw and understood it was very fun a very fun trip and you know in the middle of all this rhetoric then I open up and I noticed the post you put on Instagram of okay if you've decided who to vote for quit watching this stuff all it does is piss you off okay because all you because you're not going to no one ever said uh okay I don't know would somebody help me well I haven't seen one single post where there's someone like trying to weigh the issues.
[578] It's somebody yelling at the other person.
[579] And I thought, I've never met a diehard Republican that's like, you know what?
[580] You're right.
[581] I'm out.
[582] Or vice versa, right?
[583] Completely messed this whole thing up.
[584] Yeah.
[585] So if you already know you can vote for it.
[586] Just turn it off, man. Just turn off.
[587] So CNBC prints this article is the U .S. in a recession.
[588] Of course, we're in a political season.
[589] So the Republicans are saying that the Democrats have ruined the economy.
[590] That's part of running for office.
[591] About three and five Americans think so.
[592] By most measure, the U .S. economy is doing well, and yet many people would argue otherwise, roughly three and five Americans believe that the U .S. is currently in a recession, according to a new survey of 2 ,000 adults by a firm.
[593] See, I don't understand.
[594] All this means is you people, some of you that surveyed are freaking illiterate, okay?
[595] Because a recession is not a feeling.
[596] That needs to be your post of the day, Dave, which I know you have spent lots of It's not.
[597] There's an economics, if you take economics, and if you're going to use words like recession, that's an economic term, you should understand the definition of the word is two consecutive quarters of the gross domestic product, which is the measure of all goods and services in the U .S. shrinking.
[598] If the economy recedes, shrinks by the measure of the gross domestic product, two consecutive quarters, we are in a recession.
[599] If it didn't, we are not.
[600] It's a math thing.
[601] You don't, one plus one, I'm not sure.
[602] I don't feel like it's two.
[603] I'm not sure if it's two.
[604] And my feelings matter.
[605] I love the idea about the question.
[606] My feelings matter.
[607] Even the question.
[608] The question is wrong.
[609] Do you believe we're in a recession?
[610] You dumb, but don't you know what this is?
[611] it you either is or you isn't it's a math thing hi this is john from the john deloney show do you believe the sky is orange yeah three out of five americans do they believe what do you believe what do you believe what you feel some of you people's parents are cousins i don't care what you believe this thing a recession is an economic term you either is or you isn't there it's a math measure now you can say is the economy do you believe the economy's doing well you could say do you think we're in a time of prosperity.
[612] Those are more subjective versus objective terms.
[613] Are you feeling good about things?
[614] Are you better?
[615] The famous Reagan line, are you better off now than you were four years ago?
[616] You can say, I am or I aren't.
[617] And then you have to answer the question that goes with that is, do you think Washington actually had anything to do with it?
[618] Which it usually didn't.
[619] If you're better off, it's not their fault.
[620] None of them.
[621] all of them together put together can't find a brain okay they can't balance their budget if you ran your household like they run that place you'd be bankrupt so please don't tell me they helped you unless you got a government contract you're not prospering because of them so now moving on from that you know this thing you know so if you're waiting on Biden or Kamala or Trump or Vance or whoever to fix your life.
[622] Your life already sucks.
[623] You got because you got your eye on the wrong thing.
[624] Get you a mirror.
[625] That is your solution.
[626] So three and five Americans believe the U .S. economy is currently.
[627] I don't care what you believe.
[628] Is are we actually in a shrinking economy or aren't we?
[629] Let me help you with this.
[630] The housing market, there's a shortage.
[631] Prices continue to go up.
[632] up so guess what part of the gross domestic product is housing up it's growing not shrinking up wrong way for recession let me help you with this the stock market is up 15 .3 % since the beginning of the year now I don't care if you think a Democrat did that or Republican did that in either case you'd be wrong But nevertheless, the American stock market is up.
[633] If you had a million dollars in there at the beginning of January, you now have $1 ,150 ,000.
[634] It's up 15 .3 % as of today from the first of the year.
[635] Now, you know, that's not a feeling.
[636] But Dave, my feelings are all that matters.
[637] Yeah, this is the problem.
[638] According to a separate Guardian -Harris poll from May, 56 % of respondents said they believe the U .S. is in a recession, although gross domestic product has been increasing for the past several years.
[639] Officially, the National Bureau of Economic Research defines a recession as a significant decline in economic activity that spread across the economy lasts more than a few months.
[640] Well, that's even wrong.
[641] There's a technical definition.
[642] Freaking take economic.
[643] God, I got a degree in finance.
[644] They make us take economics.
[645] Listen, we were talking about this before the show started, Dave.
[646] This idea that real facts don't matter.
[647] It's like, hey, gross domestic product has been going up.
[648] what do you feel like I feel like we're in a recession it's like I know but like I just told you the data like yeah I know but my feelings are more important than the data so I feel that that's correct yeah madness and please don't hear me saying that Biden caused this he's asleep he didn't cause anything okay he didn't cause anything all they're doing is causing disruption and everything and the same's true the other side so I'm sorry boys and girls I you're if you feel like things are bad it might be bad at your house and maybe there's some reason to do something about that or all the ticotkers on your account might be having bad things going maybe you should unplug the internet for a few days and see if your negativity wanes who knows but let me help you with us affirm and cnbc recession's not a feeling why is this hard more than a feeling wow there's a little boston's leak in there Is that Boston?
[649] No, it wasn't even close.
[650] That was Boston.
[651] Not me, that song is Boston, but that wasn't cool.
[652] That was not cool.
[653] This is the Ramsey Show.
[654] Dying without a will can cost your family thousands of dollars in legal fees and administrative costs.
[655] A will gives you peace of mind knowing things will be taken care of the way you want, and it saves your loved ones extra stress at a tough time.
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[657] And if you need another reason, August is, national make a will month.
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[667] Dr. John Deloney -Ramsey personality is my co -host today.
[668] I'm Dave Ramsey, your host.
[669] This is the Ramsey show.
[670] The phone number is AAA 825 -5 -225.
[671] Thanks for hanging out with us.
[672] We appreciate you being here.
[673] If you want to help us out, we can use the help.
[674] We really can.
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[678] And because it causes the show to be pushed forward with their algorithms and other people who don't know about it, hear about it.
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[680] And also you share the show.
[681] A lot of these apps and platforms.
[682] platforms have a share button or a share feature, and you can just send an episode to somebody and let them watch it or listen to it.
[683] I was listening to a podcast this week.
[684] A friend of mine was on Tucker Carlson.
[685] I said, hey, man, listen to this.
[686] And I sent it to another friend of mine, just like that.
[687] And Tucker's got a great podcast.
[688] It's going big, it's going Zoom, Zoom right now.
[689] And so on.
[690] So I listen to one of Joe Rogans that was going Zoom, is really good.
[691] I sent it.
[692] You know, just share it.
[693] Anytime you read a good book, Jack Carr's got a new book out.
[694] If the diurnal list, he's read every one of his.
[695] And so, yeah, I'm telling everybody, go get the new one.
[696] It's good.
[697] It's very cool.
[698] So Falcons brought me a copy of Jack's new book.
[699] Have you seen it?
[700] I saw that he signed it.
[701] And he shot it.
[702] Oh, I didn't see that.
[703] It's got a bullet hole in it.
[704] That's fabulous.
[705] If you don't know, Jack, he was a former seal.
[706] And so these are all, like, Navy SEAL books.
[707] And they're like, you know, shoot them up, spy movie type stuff.
[708] And they're great books.
[709] Fiction, obviously.
[710] And, yeah, but it has a bullet hole in it.
[711] It's amazing.
[712] I may want to do that with my next book.
[713] I think that would be fantastic.
[714] It has absolutely nothing to do with the book, which just does, but I still want to do it anyway.
[715] Yeah, that's pretty cool.
[716] All right, Kathy's in Philadelphia.
[717] Hi, Kathy.
[718] Welcome to the Ramsey Show.
[719] Hello.
[720] I'm calling today with a question I can hope, or I hope you guys can help me with.
[721] My husband and I are considering putting in a solar array to offset our utility bill.
[722] and I was, I just wanted to, like, bounce the numbers off of you and see if it was a smart move with where we're at currently.
[723] Okay.
[724] So Hubs and I are, like, between baby steps five and six, I guess, like we have a substantial amount of money in savings, but we haven't earmarked that, like, specifically this is child A, this is child B, there's their college fund.
[725] They're pretty young yet, three and five.
[726] We feel like we've got some time to...
[727] So you would pay cash for the solar.
[728] That's what we want to do.
[729] How much is it?
[730] For the solar.
[731] The unit's about $53 ,000.
[732] Okay.
[733] And what's the break -even on it?
[734] They say they have it calculated out, and we looked at the numbers.
[735] About eight years, we'd have it all back between like the ITC and our like state credits for Pennsylvania and SREC and those things.
[736] Okay.
[737] That's borderline.
[738] usually look for a five to a seven year break even and most of the time that you see that you're going to get that it's going to be in a area of the country that is a lot of sun so i mean like you know a phoenix arizona type of a thing you're you know that kind of thing you're not gonna is a little different than philly not seattle you know that kind of stuff so you just think about what you got i don't know the technical parts what i do know from the financial side is I've been doing this for 35 years.
[739] I've watched the solar panel efficiency as far as what's the break -even, meaning what do you pay for it, how quickly can it convert the energy, how efficiently can it convert the energy, thus, how fast it saves you money.
[740] I've watched the technology on that.
[741] It's probably five or ten times better than it was 30 years ago.
[742] It's really come a long, long way.
[743] It used to just be total crap.
[744] and now it's like I actually endorse solar companies in a couple of cities that we have talk radio on you know and I'm fine to do that as long I don't endorse financing it obviously but but generally I tell folks a five to a seven your eight is borderline what I might do is see if they're selling you some bells and whistles you could take off that would still get you that would get you down to the 40 ,000 range or so and that might get you to a six or a seven year even.
[745] Maybe they got you, you know, with a convertible and power windows.
[746] I don't know, right?
[747] Right, right.
[748] But, you know, check that out, learn about that.
[749] That's what I would do if I were in this situation.
[750] But I'd run one more company, too.
[751] Have one more company come over and get a, give a bid and see what they're saying.
[752] That's a good idea.
[753] Well, we ran two companies and we actually have gotten from $75 ,000 down to $52 ,000, $53 ,000 by pitting them against each other.
[754] So we feel like kind of that's about where, I mean, I could bring in a third company, but I feel like at this point, you know, if we've come down $25 ,000 almost.
[755] That's a good start.
[756] That's a good start.
[757] They got some margin in that crap, huh?
[758] That's cool.
[759] Okay, so I knew they were making bank, but I'm a fan of the technology.
[760] I'm not a fan of the, you're not doing this, but for the rest of you out there, that they really try to force a payment plan on you and go, look, your payment is less than the amount you're going to save on your electric bill.
[761] No, that's dumb but stuff, because the things are attached to your house, and then you've got a mess you got a lien on your property you got all kinds of mess no do not finance them ever do not finance anything ever you're listening to dave freaking ramsie okay so but the uh but you're not doing that but that's for everybody else the the technology has come a long long way i will tell you this kathy i think it's going to go a long way further so like if you sell your house in seven years or eight years probably what's attached to your house is crap okay it'd be like you had a seven -year -old computer or a seven -year -old cell phone you know how much further it's come along that's the rate that's the pace of change in the technology and so don't think this is going to enhance the sale of your house it's probably cluttering the sale of your house a decade from today that's why I want you to get a quick break even on it because it's just you know what is a seven -year -old computer a doorstop you know that's what it is You know, it's like, what, it has to boot up?
[762] You know, it's like, you know, where's the DOS?
[763] What is this, what is this strange beach ball thing?
[764] You know, it's like, you know, so.
[765] I even handed one of our audio guys, an old iPod that I found and said, hey, I want to pull the music off of it.
[766] Because I don't let my son have a phone out in the wild.
[767] But I said, I want you to fill it with all country songs.
[768] And this, he looked at me like I had just handed him a box of fresh dog turds.
[769] He's like, what is this?
[770] know what to do with this thing fresh dog yeah that probably could use a better analogy on your radio show our radio show there we go thank you but yeah it was uh it was a strange but hey he took it back and figured it out man there you go well because he's that guy Alex is with us Alex is in Tallahassee hi Alex how are you good about yourself Dave and John good how can we help yeah I uh my wife and I have a little scenario we currently have uh own seven properties one of them is my partner, and then six investments.
[771] Three of the investment properties are paid off, and we've been discussing about maybe selling two properties, and selling two properties would pay off the remaining of the balance that I have on the four other properties that still have a mortgage on them.
[772] You'd be 100 % debt -free.
[773] Including my primary, yes, sir.
[774] I would do that.
[775] Right now.
[776] Today?
[777] Yes.
[778] Yeah, today.
[779] Okay.
[780] I love real estate, I love real estate, Alex, but I like being debt -free more.
[781] I agree.
[782] And we were trying to hold on to the not -sale properties and just add more to the portfolio just for our children in the future.
[783] You'll be able to do that because you won't have any payments.
[784] I see.
[785] How much you can stack cash with no payments to be able to buy the next one, debt -free, and buy the next one debt -free, and by the next one, debt -free?
[786] That's what I started doing about 20 years ago.
[787] And I've got quite a large amount of real estate now.
[788] I can ask one more quick question on the topic of real estate.
[789] Yes, sir.
[790] On the property, once they're our paid off, would you recommend I continue to keep the homeowners insurance?
[791] Yes.
[792] Because I'm in Florida, and homeowners insurance is through the room.
[793] Well, it's not homeowners.
[794] It's fire an EC.
[795] It's not technically homeowner.
[796] Homeowners is for owner -occupied only.
[797] But fire an EC.
[798] You know, you've got to run the analysis on it.
[799] I didn't think about you being in Florida.
[800] That's super expensive.
[801] You're right.
[802] Just run an analysis on it and go, how much of this pain am I willing to absorb?
[803] what happened if they all got wiped off the face of the earth by a hurricane?
[804] What would you do?
[805] I wish you had insurance?
[806] Yeah, maybe.
[807] I don't know.
[808] That's what I'm, I run a worst case scenario through my emotional filters and see if I end up crying or not.
[809] This is the Ramsey show.
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[811] So work with a mortgage advisor you trust, not just some random website.
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