Income Isn’t the Problem—Your Money Plan Is

>> Brought to you by the every dollar app, start budgeting for free today. [MUSIC] >> Normal is broken, common sense is weird. So we're here to help you transform your life from the Ramsey Network

and the Fair Wins Credit Union Studio. This is the Ramsey Show. I'm Dave Ramsey, Rachel Critton's Ramsey personality, and the born best-selling author, my daughter is my co-host today. Open phones are AAA, 825 and 525.

Brad is in Atlanta, Georgia, Hi Brad, how are you? >> I'm doing good, Dave, how are you? >> Better than I deserve, what's up? >> So, you know, I've just been kind of struggling lately. You know, I make pretty decent money made about 92 K last year,

but I'm still kind of catching myself living paycheck to paycheck with a very minimal savings, so I'm just trying to see, you know, what's a good budgeting tool, you know, to really get me up there. You know, so I can feel more comfortable about my finances. [BLANK_AUDIO]

>> Brad, how much consumer debt do you have? >> I think I'm about 20 K in debt. >> What kind of debt is it? >> Right now it's a finance loan for a car, about 2K for personal loan. And then the rest is just, you know, odd ends, about 5K, 56 K in credit cards.

>> Mm-hm. >> Okay.

“Are using the credit cards to stay afloat or is this thing beyond just needs?”

So you're using the credit card for? >> I mean, I feel like, you know, every time I make a credit card payment, something comes up to where I have to use it again. So I'm not really bringing that balance down single constantly. >> No, I have not, I've been in the relationship for about seven months now.

And just found out a few weeks ago that my girlfriend is pregnant.

And this will be her first kid in my second child.

I already have a one and a half year old son. >> Okay. Well, there's a couple of things kind of going through my head, Brad. Number one is that there is a chance it's a lot of disorganization and you're living from crisis to crisis.

And when that happens, there's an urgency that's created that you end up actually not only making bad financial decisions, but you end up spending more money when that's your mindset. Versus having a plan in place, knowing exactly where every single dollar is going. And cutting up the credit card, that's not your safety net anymore. And kind of getting around, again, this idea that you're digging yourself into a whole

way you're trying to get out of debt.

“And so what I would say to you is number one, I think the budget's going to be key for”

you. And before we get off the line, Christian can pick up and we can get you a year of every

dollar and to really map out and say, okay, here's what I'm bringing home every single

month. And here is where this is going. And you're going to start to see some glaring habits about where the money has been going. And you're going to start to see, well, I can't.

I can't be spending like I've been spending. So you're going to feel a pullback from lifestyle, but what that's going to give you then is cash and margin to be able to build up some savings and then start working your way out of debt. But it's really this process that you have to go through because if you stay in this cycle,

you're going to keep getting what you've been getting. And so breaking out of it is big, but in your case, the level of chaos, I think having something grounded and facts in front of you a plan that doesn't have feelings that you can go and stick to is going to be really important. How old are you?

Okay. I am 30. I turn 31 this month. Okay. Let's pretend that I hired you for $90,000 a year and your job was to make this guy

Brad's money behave. And if you don't do your job, I'm going to fire you. What would you do? You would write down every one of those dollars and tell it what to do and you would make those dollars behave.

Right now they're just kind of running loose and running a mark. They're all over the place. So when you use the every dollar budgeting app which we're going to hook you up with, you're going to give every one of those dollars a name before the month begins an assignment. And then you're by God going to stick to it.

When you do this the first time you write it all out, you're going to go, where has I been

spending all this money? You're going to feel like you've got to raise. Right. That's what will happen. As soon as you get organized and intentional and as quickly as possible and as reasonable

make the decision if we're going to be a family or not. And because that weave's into this greatly, so if we're going to be a family that means

“we're getting married, that's what a family is.”

And so if that's where this is going, you all need to make that decision and then you need

We've got two, but now we have this baby that we are responsible for and so we can't

be going to happy hour.

“We've got to clean up this debt and we've got to have money for it.”

See for sure can't. Formula and baby diapers, I mean here we go. Yeah. For sure. That's right.

Jamie's in Dayton, Ohio. Hi. Jamie. How are you? I'm all right.

I've been doing better. So what's up?

So I've got this money and decided that my husband is not doing anything that keeping me

poor because he bought his whole check and mine is expected to pay for everything else. So what I'm trying to figure out is if it's worse, staying in the house I'm in now I'm paying 750 or moving to a friend house that he owns and paying 500 a month for a two bedroom for like a year so I can get my debt paid down and my life together. 250 dollars a month for not your problem is it?

No, my problem is that I've been doing this for 10 years and it's just been me and I pay, I have, so me and have five kids together and I have five older kids that would have what's there to have because I left you kept them and we're going to have them. But we have a good, I still see you might have them every other weekend but I pay $1,000 and child support before I even get paid.

What do you make?

“24, 60 one an hour, so about probably like, what's he make?”

14, 42. An hour? Yeah, because he won't keep a job. All right, and not, he's got the worst job on the planet. I mean, crap, targets pay in 20 bucks an hour.

Yeah, he won't keep a job and I'm just, I woke up this morning and it was like a light which hit and I just tired of being tired. Yeah. Well, I mean, you open the call with, he's not pulling his weight and then you instantly change to, do I move to a $250 cheaper house to earn $500 or not your problem?

You too, getting on the same page and you too accelerating in your careers as your problem. No, well, you have it, we'll see, I'm on track to finish the year making 20 hours. Okay. Yeah, but he's not and so getting on track with him is like 90% of your problem, not your rent.

No, I know, but he's the problem that he won't get on track. I've been trying for 10 years. Well, that's a marriage problem, that's a marriage problem, but what I'm telling you is $250 a month moving to the cheaper house doesn't solve your problem because it's not high rent is not your problem.

A husband that you're not working with and you're not aligned with is your problem. So let's solve the real problem, let's not go jumping around, I'm going to move to a cheaper house and act like that, fix something. It doesn't fix anything. Well, it feels like you're doing something, don't you?

So I get why you're avoiding the actual issue. You're grasping at the wrong thing and the hard thing is you can't control him. You can control, you know, $7, $250, probably feels good, but the real problem is something that you, you can't control, which is him and so there's some big decisions that you

“guys are going to have to make of what your life is going to look like going forward.”

If you keep doing what you've been doing, you're going to keep getting what you're getting in the marriage, in the careers and in the money and so change all of it, change the careers, change the money, or start working together and change the marriage issue. And that's how you, the definition of starting to win, the things that are broken have to be fixed and it's not your rent.

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Hello, I'm Dan, fine, how are you? Better than I deserve, what's up? So, I just come here to do Saturday and you and my partner had this good being that free

and paying all of our debt and then once we got there, you and we had our first through

business because then yesterday, he claimed that he's not letting go of the credit cards because he doesn't see them as debt, which I'm trying to explain to him and he's not not giving him up. So, in his eyes, he doesn't see it like that. I don't want to do all day before you were married.

I don't know, we got married a year, like in within a year. Did you guys talk to me? Sorry, we did it for a year. Then we got married.

“Okay, this was a conversation you guys had, but was it yesterday?”

Yeah, I didn't know that if we talked about marriage or older, I'm 33, 31, but I told

him when we got married we would combine all, you know, forwarding, they were empty, combine our finances until we were married and then start paying off debt. So, yesterday, I said, we should start paying off credit cards and then start on your vehicle. And I tried to explain to him about, yeah, I think, how, yeah, more of the, sorry. I was going to say more of the frustration is that he didn't keep his word, you know,

do you mean that you guys had agreed on something? And now he's changing his mind, essentially. Which, which frustrated because he doesn't feel like that, and if I can't tell you, oh, anybody, it's considered that those two 300-dollar payment to raising towards the card you can put in our savings. And he says, what's it for an emergency and this and that? So, I don't, I'm trying to work the baby steps with my partner now.

“I don't have debt other than my mortgage.”

I'm kind of nervous, combining our incomes together. It's exactly how the program is. So, I work really hard to get out of that, you know, by my home. Yeah, so, what bothers me about this whole thing is not the detailed issue of whether he thinks credit cards are debt or not. I mean, that's just stupid, but, but the thing that bothers me is that you've married a guy that doesn't give a crap about your opinion and can't keep his word.

And that level of disrespect and dishonesty is going to be way all beyond money issues. It's going to come up in other places too, you know, and, well, I just stopped by on the way home from the office had one beer. Oh, you told me you're coming straight home for dinner. Oh, well, I just want beer, you know, I do whatever the heck I want to do, because I'm me. That's what this guy is.

And, by the way, there's nothing wrong with stopping by and having a beer if you want, but don't do that until your wife, you won't, after you told your wife you weren't going to. And that's this guy. So, that's my problem here is, is the underlying lack of character, and the underlying lack of respect for his new wife,

“instead of treasuring you, and is wanting to serve you and love you, and be there for you, he's all about, well, that's what I want to do.”

Sounds like he's 14 years old. Yeah, because he doesn't hate credit and hate. Yeah, no, it's not his now it's ours. We got married Saturday. So now you're screwed up.

Everything he screws up screws you up for the rest of your life is always your married.

That's what's going to happen. So, I mean, I think the core issue is is that you guys have a really weak relationship. That's what's bothering me. A whole lot more than just whether or not credit card is dead or not. That's just a stupid statement. But the way he's coming at this is like, I told you I was going to do one thing.

I changed my mind. I don't care what you think. This is what I want to do, and I don't like that. I don't care. That's what I want to do.

And, you know, his, the way he's treating you is what's bothering me. So, I don't want you to accept that. And I want you to create a relationship crisis and call for marriage counseling immediately and see if you need to have this an older nod.

going to have a long life girl.

“This is not a good, this is not a good start.”

So, I mean, I'm going to create, say, I'm going to go see a marriage counselor because the guy I married promised me one thing. And now there's some other guy showed up here in my bed. And, you know, and so I'm going to create a crisis in this situation. Because he thinks this is all okay, that it's okay he does this.

But he's 33 and he's been doing it a long time. Yeah. And it's been a single dog a long time, gets to do whatever he wants to, nobody around he had to consider up until a year ago. Yeah.

And until Saturday, when you all get married.

So, yeah, the urgency of this Natalie is, I mean, I would bring in a third party as soon

as possible. Because if you let this linger, you guys will continue to create division in a new marriage that will continue on that way for a long time. And so if you can get this straightened out, at least get on the same page of value systems and goals together, working together right like the big stuff.

And then you can start doing the tactical things of like does he keep a credit card or not? But like the big idea of, hey, we are one together and we are going to create a financial life that we both feel good about. That's what's key.

“Yeah, and that's, and that's what's broken.”

And that's like at the core of your marriage. Not that monies that the core of your marriage, but you're not agreeing about life. And you've been married three days. No, no. It's supposed to be the honeymoon phase.

Right, Natalie. You've got some work. You've got some work. Both be all happy. I'm hopeful for y'all.

I really am.

No, it's some things you don't have to change or I'm not.

So I'm hopeful that you force the change into this situation. And I'm going to have some people experiencing some pain over there so that we don't have to live a lifetime of pain, Robertson Tucson, Hi, Robert. How are you? Great.

Good afternoon. Can you hear me? All right. Yes, sir. What's up?

All right. I'm sorry. Thank you for taking my call. Before I get you to the finer details, my question is essentially if I have a good plan to prepare to exit the military this year years.

Okay. When will you be leaving? About three years call it summer of 28. Okay.

“What will you be doing what your career going to be?”

So I'd like to pursue getting an MBA full-time utilizing the GI Bill. That's not a career. Okay. What are you going to do for a living? What is it you want to do that's going to make you money and support you when the

government's no longer writing you a check? So after school, I'm going to sit in other consulting or doesn't thinking. Okay. And do you have an undergraduate in business? I do, sir.

Okay. So what I would be suggesting is you get lined up a job or a career field that you want to enter. And as you approach summer of 28, you line up a job that pays more than you make now.

And you do your MBA as an adult MBA studying at night. Okay. Can I just give you some numbers to see if the suit that changes anything? It doesn't. You still got to go make a living?

What are your numbers? Robert? What is it? So I'm 26 years old. I'm single.

I have no kids. I also have no kids. Right now, I'm making about $7,800 a month. My current networks, my current networks consist of about $6,000,000 by GSB. Good for you.

I'm about $285 and it's tax so brokerage, about $2,500 a day every Sunday open, actually about $4,000 in cash. Okay, great. So I'm going to explore the reason why I'm exercising, like, going full-time because I've spoken to other veterans in life situation, they say that's a full-time program.

It's not a forum, I'm real. The MBA adult MBA at night is just as good and you can get through it and there's no reason for you to sit on that savings and burn it up just so you can be a student full-time. It's not a good plan, I would go get a job, it's what I would do.

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“Kindle is in Oklahoma City, High Kendall, how are you?”

Hi, I'm going to how are you? Thank you for taking my call. Sure. How can we help? So, I have a question.

I have a mortgage that we got two years ago, we moved into our home. It was newly constructed. They went from a construction loan into a 10 year balloon. Oh, no. I know.

The 7.5% and so I'm actually about to start nurse practitioner school this summer. So we're looking at going ahead and refinancing now while the rates are lower. We have a couple of different options that have been presented to us and my husband and I are kind of having a disagreement. We have gone through the financial teaching of our city, but it was a few years ago.

And so I know the answer is 30 year fixed.

No, 15 year fixed. 15 year fixed. Yes, but we haven't been given that option so far. The only option we have is either a 5.25% 5 year arm or a 6.5% 15 year is 5.22 right now. So we haven't gotten anybody to give us that.

I don't know why because our credit is really good. Short-culture. Short-culture mortgage. Short-culture mortgage. Unless people we've endorsed for 30 years and I do 15 year fixed for Ramsey listeners every day.

Certainly in Oklahoma City they do for sure. Yeah.

“So yeah, we'll do that then because that's what we're, she's really leaning towards the 5.25%”

arm and I don't know, we're going to jump another fire into the frying pan of the frying pan of the fire. I mean it's like one dumb, one dumb loan into another dumb loan. No, and adjustable rates are going to tag you later. It's going to give you all kinds of trouble and a fixed rate 15 year is cheap as that right

now. I'm saying I'm looking at the screen right here where the rates are and it says 5.22 right now this week. Yeah, and so yeah, that's what now obviously a 15 year payment is going to be more than your 30 year payment that that balloon is based on.

Right.

But it's not going to be that much more because you're saving 2 percent by reaching an

answer. Yeah. Yeah. So what's your balance with the payoff? So right now it's still at 229,000 times a part of the data.

Okay. So it's like 4,500, let's call it 4,800, which is $400 a month in interest savings by refinancing from 7 to 5 to okay. And so roughly $400 a month, not quite, but almost $400 a month, that your interest rate goes down, but then when you switch to a 15 year it's going to go up and so you're probably

going to see an increase of $100 or $200 a month, but you're going to be in a much better long-term plan. Right.

“And with you going, you said you're going to nursing school?”

Yeah. Nurse practitioner. Oh, really. Okay. That's awesome.

Good for you. Yeah. Thank you.

Definitely the second half of the program I will have to go part-time.

So right now we make about equal, but when I go part-time, it's- What's your household income? Right now, we're making about, let's see, I make about $4400, he makes about, probably

So we make about $150 a year, roughly.

Okay. About $150 a year. Yeah. And then when you graduate it's going to go weep. Yeah.

So way to go. I love it. Congratulations. Yes. It's worth it to bite the bullet and put a little strain on right now to get the right kind

of mortgage in place and get rid of the high interest rate and the balloon, but don't jump from the frying pan into the fire. Yeah. And make sure you guys are planning out Kindle when you go part-time that you guys have

“money saves that if you need to weather shifting lifestyle or have some money that's”

supplementing during that year or two that you have, where you have to go part-time.

So just be thinking- Yeah, plan that out. Plan out how we're going to eat during that time. Yeah, definitely. Yeah.

Good question. Way to go. Well, you win the argument and Churchill mortgage can help you guys with that process, I promise you. Jeremy's in Kansas City.

Hi. Jeremy. How are you? Not too bad. Good.

Well, I need some advice on how to build some funds while instead of four, five and six.

Okay. What are the funds for?

“Well, we got I need to set aside money for a truck replacement or truck repairs in the”

future. I just replaced the truck. So a lot of that has been wiped out and I need to rebuild that fund. We also need some house repairs like painting outside of the house replacing some carpet. I would like to have some retain their earnings with my business.

And how do I do all of that while also putting money in retirement and extra money towards the house and trying to do a lot of different stuff and I'm not sure how to break it all up? Yeah. Well, start with, we'll go with maybe so four, five and six, which is where you are.

You don't have any debt except the house, right? Correct. Okay. So we're going to do 15% of your income into retirement and something extra on the house. I don't know how much depending on where all of these are the things fall.

When you start doing a detailed written plan and we suggest using the every dollar app because that will help you do it the easiest, it has built into it the ability for you to have categories where you're setting money aside for upcoming expenses. So you set money aside for upcoming home repairs, you set money aside for upcoming replacement of a truck.

However, I kind of think the way I heard this, the truck might be your business. Right. Is this like you drive truck for a living? Well, I've not own a long-care company. Oh, okay.

Okay. But the truck itself is not your daily driver, it's what you use to pull the lawnmowers around. Yep, well, that's pretty much the only time I leave the house is to do lawn care and then if we go anywhere else, we usually take my life's call. Yeah.

Okay. Well, the thing is, I mean, the work truck could easily be coming out of your work budget and your work retained earnings should be at the office separate issue. So out of your profits, you set some aside for retained earnings and that could be for equipment replacement of all kinds, mowers, weed eaters, whatever down the office, so to speak.

And that's separate from your home budget. And then when you make a profit after having retained earnings and after having paid your taxes, you bring that money home and put that money once a month is fine into your site, into your checking account. And then on your personal, you would begin to set aside sinking funds and Rachel, the

“every dollar app does a good job with a sinking fund, right?”

It does. It's not my favorite function, honestly, because we have a function called goals in the every dollar and I like the goals better, because it gives you an end date, so you can look Jeremy and say, okay, we want to have X amounts saved for home repair, because we want to do some different things around the house and we want to have that by December.

And so that the goals part of every dollar, that function, I like better than the sinking funds function personally, because it gives you that end date and it calculates out how much you need to be saving per month. And then it goes into that goals fund, yeah, the sinking fund in every dollar, the way it's laid out for me, I just personally don't, I don't like it as much, I like the goals

of category. But it's the same idea, it's just like having an end date versus an ongoing fund. And so I like having an end date, so you guys, yep, kind of watch that build-up. Well, you say, okay, I want $6,000 to do a home repair. That's right.

And I want to do it in one year, it's 500 bucks a month. That's right. And then every dollar carries it each month over, so it's, it's, yeah, it's very, very, very, very easy. So if you hold on the line, Jeremy, Cristian will pick up, we'll get you a year of every

dollar, because you'll be able to lay it out and actually see it.

But if you have things that are ongoing, you can use the sinking funds, that function,

but I love the goals in every dollar, I think that's my favorite personally.

“Now, guys, when you are going to win at anything, you have to do it very intentionally,”

and you have to do it on paper before the month begins. So even like when you're getting married, if you want to win at marriage, you need to do pre-marriage counseling and plan how to be married. Your probability of success goes way up, when you plan your money, your probability of success goes way up.

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Hi, I'm good, how are you? Better than I deserve, what's up? Well I had a recent notice received from the IRS for tax debt from a year when I was married to my former spouse. I was unaware of this tax debt because I thought it had been addressed.

And I run a really tight budget and I have my debt snowball very planned.

And I'm wondering if I pivot from that to take care of this tax debt because it has

“that notice of lean, it hasn't been, there has not been a lean yet, and how much is it?”

$7,900. What do you make? I make 132. What year is this from? 2018.

Okay, and you're obviously married then, and you filed married filing jointly? That year, yes. Okay, and you were not aware that the taxes were not paid. That's correct. We had settled in 2020 and the Equal of Distribution required that he paid that.

And now he's incarcerated. So I think that his payment plan has ceased and they're coming after me for it. Okay. I'm not positive if this will work, but before you decide to pay it, I want you to get in touch with one of our tax professionals at RamseySolutions.com that we endorse.

The Ramsey trusted. And I want you to ask, and we should tell them every detail of the situation and see if you qualify for a thing called the innocent spouse. Okay. Okay.

So an example would be, and this sounds like it qualifies, but I'm not, you know, without getting into every stinking detail, I'm not positive, and even if we did, I'm not sure I would know. But the innocence spouse provision of the regular of the IRS code sounds like this. And a good example would be me, okay, my wife is a full-time mom.

I have a business, and we've do married filing jointly. The number of minutes or hours, she spends looking at our tax return is precisely three and a half seconds, okay. So she signs it, and assumes that me and the tax people that we're using know what the flip we're doing, right, and then later on a tax bill comes up, and then she gets some

notice in the mail like you did. Okay. Well, obviously she didn't have anything to do with it. And so she could file under the innocent spouse provision and say, yeah, we filed married filing jointly.

Yes, I did sign the return, but I have no working knowledge of that stupid business or

And so I have, I'm innocent of this tax bill and they will take it off of you and send it to him. And of course, he's incarcerated, so they're not going to get paid.

“But that doesn't matter, what matters is it comes off of you.”

I think you're going to qualify for that. Okay. Based on what you told me, you see what I'm, you see why? Because this is the thing, hey, he was supposed to take care of it. And B, it was a long ago, but the circumstances were that you had no knowledge that

the bills were not being taken care of properly and you signed the return. Correct. And that's why I'm thinking you're going to qualify for this innocent spouse provision, which is an $8,000 switch in this conversation.

So that's the first thing I want you to do, because I'm, like, 80, 90 percent sure you're

getting out of this. Okay. Now, if you don't, let's go back to your question. If I'm wrong. Okay.

What you do with the $7,900, we put it at the top of the list when paid off as soon as you can. Okay. Now I get snowball. It's the opposite.

It's the opposite. That's snowball. Okay. And you knock it out as fast as you possibly can. Or you go borrow $8,000 from the credit.

You need to be paid off. And then put that in the debt snowball. I don't care which. But you get rid of the IRS, you do not want these people in your life. They have unlimited power, no brains, and they charge all kinds of penalties and

interest minute by minute by minute as you go along. Yeah. It's the one exception of the debt snowball.

Sarah, we always say if there is IRS that it gets moved to the very front.

Okay. Okay. That was my question. Or I would refinance it on a credit card or down to credit union, one or the two. Okay.

You get it cleared off. But don't put it on an IRS payment plan unless you have no other options. And then put it at the top of your debt snowball. Okay. I'm sure hope I'm right about the other thing though.

Don't you? Sure. I certainly do. I didn't know that existed. I do feel it was it was definitely out of a less field, because I've been doing quite

well on my own with four kids, but that kind of thing for a loop. No. That's so frustrating. Sarah, I'm sorry.

“So you're, you make 130,000 dollars a year doing what?”

I am a regional asset manager. What is he in jail for? Oh, of course. And bezel men. No way.

That makes the story even better. And better about you being an innocent spouse. It's sure that the empezzlement boy is in jail. I mean, wow, that's got like drama on it. That's so, I'm so sorry I've been through that.

And he's the father of your four kids. Yes, sir. I'm so sorry. How old are you? I'm 41.

Man, you've been through some hell, but you are strong. I'm serious. You are strong and you are smart. I'm proud of you. Thank you.

You're doing the best. I know how to do it. Take care of these kids and God is good. And so we're just trying to make sure I honor him with the next right decision. You are, you've been very, very wise and very, very, very, wow.

That's hard. That's amazing. Amazing. Yeah. Yeah.

Go to our folk and they'll help you.

“I think I'm pretty sure that's going to work.”

Whew. Hey, you know, sometimes it's free advice around here's valuable. Could save $8,000 bucks? There you go. Glad she called in.

Yeah. So then all the good vibes you're wasting out of the commission, yeah. All right. Jason's in New York. Hi Jason.

What's up with you? Hey. How's it going, boss man? Better than I deserve. What's up with you?

Hi. I need your opinion, boss. I'm dealing with a situation in work. And I just wanted to see your expert opinion. Because I feel like I'm spending my lives on paper.

I have the dreams. So I make $47 an hour. It's unlimited overtime. We have a pension, school one K, benefits, definitions, everything. And every time I explain my situation, other people, they, like, oh, you a fool.

I would never quit their job.

I don't care. I don't care. I don't care what have it. I'll never quit it. But I'm being isolated at work.

I'm in a union environment. And every time I try to learn something new to progressing. Because because of the union, I had to come to a department. I didn't really have a lot of experience in, which is dealing with the boilers in the powerhouse. Traditionally, my background comes from laboratory and electrical environment.

So dealing with instrumentation in the lab teamroom environments, like centrifuge and incubators, blah, blah, blah. But because of the union, I had to come to a new environment when building with boilers. And I thought, okay, all of these old technicians were here for years. I'm not going to have the problems. They're going to pair me up with this guy.

I'm going to be going around learning things that never happened. And I managed to never get any of that. Yeah. And they're trying to do as little work as possible. Well, here's the thing.

Here's the thing. You need to be doing what you're designed to do.

But you also can't do that rationally because you're getting paid very well.

Yes, I am. And so, so, but I wouldn't use that as an excuse to stay stuck.

“But I would say, okay, what classes have I got to take on the side?”

What have I got to learn to be able to move into a field that I love with people that are, you know, easier to work with more fun to work with. And I'm learning and I make $50 an hour. You know, and so, what's the target? And if it takes three years to work to that target, okay?

But yeah, if you just walk out and quit and go make $20 an hour, no, that's not smart. So, I'm going to stay where I am. You're looking for an exit plan that I'm going to stay with. I stay where I am and use that wonderful income to fund my exit. Yes, sir.

That makes sense. So, when you're doing working with lab stuff, if you were in a non-union environment,

that sounds like something that would be paying in the $50 range to me.

Yes, sir. And I would probably love it. I thought that this was job was going to be here. I thought it was going to be tired here. Yeah, so I mean, could you walk straight into that?

Or would you have the tool up to walk into that? I could walk straight into it. I've had all of some things. Well, if you've got to offer $50 an hour quit and go take the $50. Don't worry, we've not turned down because it was a current strike a sign.

It was a full time. Okay, well, then you just hadn't found the one yet. But yeah, design your exit that's sweeter than where you are and exit. [Music] Statistics show that half of Americans don't have enough life insurance.

Or they don't have any at all.

I don't understand this, John.

“Why don't people want to take care of their family?”

They think they're going to die or something? Well, I used to be one of those guys. I didn't even think about it. And one of my buddies said, hey, the only reason to not have life insurance is if you hate your wife and kids. And I immediately went and got term life insurance.

That's a good punch. And, oh, you're telling me, in fact, for decades, Dave, I've sat across people who've lost a spouse. They've lost somebody important to them. Me too.

They don't know what to do next. Me too. You're going to have a crisis here. And, you know, you got two options while you're sitting and talking to a young widow. She's concerned about how she's going to invest all this money properly and not miss this up.

Or she's concerned how she's going to eat tomorrow. That's exactly the two options. And turn your dad gum family to her.

“Her life insurance can replace income path.”

Dad's cover funeral expenses. So your family can actually have the opportunity to just be sad. Yeah, to just miss you. That's exactly what it's supposed to be. It's saying I love you to your family.

I love your life insurance. Jeff Zander and the team at Zander Insurance makes it easy and affordable. I've used them personally for 25 years. That the only people I trust go to zander.com or call 800 356 42 82. [music]

Welcome back to the Ramsey Show. I'm James Credit Union Studio. I'm Dave Ramsey, your host Rachel Cruz Ramsey personality. Number one bestselling author. My daughter is my co-host today.

Mike is in Madison, Wisconsin. Hey, Mike, how are you? Hi, Dave. Thanks for taking my call. Sure.

What's up? Hey, so I haven't listened to you for a couple of years. I'm just starting to get serious now about the baby sets. I want to get gazelle intense. I want to get my debt paid off.

I want to get out of debt, but I don't. I can't really do any sidework right now. And I can't really afford to make anything but bare minimum payment. I don't like what you're doing inside work. I was in a motorcycle accident back in September.

So any of the skills I have outside of my normal job. I'm not really capable of doing right now. Are you able to do your job? Yeah, so I work in sales right now. So I have a desk job, which is no big deal.

But any of my skills outside of that, I could use to make money or more. So like working on vehicles, doing yard where yard work. Hanging in kind of stuff like that. Okay, so that's all for table, but lots of other side hustles. I mean, side hustles aren't all blue collar.

I'm aware of that. I just don't know what else to. One other side hustle I could take up other than. Got you.

I got a pretty decent size tax return this year. It's about $4,400. And I can start at my own. Side business basically off of that. So I want to know if it's a smart idea to do that.

And get some extra income rolling in for doing that. Or if I just take the $4,400 and pay down some more of the debt. What's the business? The business would be like a. A trailer rental business.

So people would kind of like a. Or if I'd you haul essentially you'd run out a trailer for when people need it kind of. Now I wouldn't do that. I don't mind the idea of taking a little bit of the $4,400 and using it to get something started. But it's more let's just get your side hustle going is something this white collar.

But the problem is you could put this $4,400 into a trailer and it never rinse one time.

That's and that's very possible actually. So you've got to consider all your downsides. All the possible negative scenarios. And if they don't work, then this idea doesn't work. So, but if you had an idea that you said, okay, I'm going to take 400 bucks or 500 bucks of the $4,400.

And I'm going to get something going that I'm going to immediately the first month I'm going to make 500 back. Or I'm going to make 1000 back immediately. And worst case is I burned the 500. Well, that's, you know, we could try that. But this is a lot.

“Of course, the other thing is you need to adjust your W2 because you don't need to be getting a tax return that high right.”

I've been, I've been listening to your show a lot and I've heard you say that a bunch. I was curious what you were going to say when I said I got that big of a tax return. I know you weren't. You know what? You need to adjust your W4 so that I'm not your W2.

You're W4 so that. Yeah.

My comments that you have.

I have 12,000 in one car. I have 7,000 in another car. You may or no. 35. What's that?

Are you married? Yes, I'm married. Oh, what does she make? She makes about a thousand dollars a month. She's our church secretary.

Do you guys have kids? No, no kids. Whenever she could be due to something for more than a thousand bucks a month, how many hours does she work? Right now, she just bumped her hours up to outlets. I think it's going to be 30 to a week.

“Okay, this is an absolutely horrendous job.”

It's a sweet job. We do love church secretary.

We love church secretary.

We shouldn't be abusing them by underpaying them. So now, she needs to go get a job where she makes three times that immediately. What do you make? Okay. I make 77 a year.

Okay. And in sales. That's your base or? I am straight salary. I don't make commission.

In sales. Correct, yes. Okay. How long you been selling? I've been in sales for probably since I just got out of high school.

And I've been with this company for about a year. Are you good at it? Yeah, I think. I think so.

“Well, I wonder if there's a job opportunity.”

Because when you're in commission base. You know, selling something else, selling something else on the side. You could just not competitive. Selling and selling. And I mean, if there's someone you could work for on the weekends selling.

And it's a product or a service that you're excited about. And that you think is valuable. You know, you could probably make as much as you're making now on your side hustle. If you got into something that was sweet. And you again, the you believe in is a high quality product, a good value.

And you know, you can make the calls on the weekends or evenings. Man, you can run your income way. That's what I would do. Instead of buying a trailer, putting in the yard and hoping somebody rents it. That definitely would go do that.

Yeah. And really, she's being. Very unfair. So fairly underpaid. Well, he said she just bumped up hours to 32.

So she may have just been doing 20. Still severe underpaid. 24,000 dollars a year. Nobody dancing in the streets. I'm just saying.

So, you know, that if she was. Sure. If she'd making 2,000 dollars a month because she's working half time. Yeah. Yeah.

But that's still still not. Yep. And there's admin skills. See if there's like a dentist office or something. You know, and you could go and do some admin or you know, whatever.

Just something creative with those skills. That yeah, easily can be making. Yeah, we have assistants and admins and people off of the building. And we don't have anyone making anywhere near that low and income. Yeah.

Not even close. We wouldn't be able to attract anybody if we did.

Wow. Wow. Riley is in Maryland. High. Riley, how are you?

Good. How are you? Better than I deserve. What's up?

So my husband and I are expecting our first baby.

Yeah. And we're very excited. I am really anxious to get to babysat six. Good. I.

So technically we're in babysat two. We have a $10,000 car loan on the press on the alone. And we do have that in our savings. We actually have about 43,000 in our savings. Yeah.

Because on 19,000 in a CD. And do you have any debt other than the car? No, that's a new credit card debt. We'll be wrong with paying it all today. I see.

“I think I remember hearing you say before that when you're pregnant and you're broke.”

But you're not broke. You have $70,000. Okay.

And if you pay off $10,000, you'll have $60,000.

Yeah. I think you're okay. And then you're going to go on to babysat four tomorrow. Yeah. Yeah.

Yeah. Absolutely. Yeah. Y'all are doing great. Yeah.

You need to have baby steps. Three covered if you're in store commode, which is where you are. But you're there. I mean, you ride a check. You're dead free.

You allocate the rest of the rest of the money for your emergency fund. And then you've got some left over. Yeah. You do say when you are expecting it on babysat two to pause everything in stock.

“Palm money, because that's what we assume you only have.”

Baby step one done. And you just have $1,000. Which you want more of that more money when you're having a baby. But you guys have plenty of savings. So you're good.

You're not really working the baby steps. You're working your plan. And we're going to change it. Put you on our plan. Hey, you guys.

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You'll feel like you've got a raise. Don't live normal when you can live like no one else. Start every dollar for free. Did I mention it's free in the App Store or Google Play, Josh's in West Palm Beach, Florida. Hey, Josh.

What's up? Hey. How are you, Dave? Thanks for having me on. Sure.

How can we help? I recently went, I'm a lawyer, and I recently went on my own professionally on 30 years old. And during that time, I was exploring other things, because I was a little bit of downtime. I applied to be on a popular political debate show on YouTube. I didn't think I would actually be asked to go on it, but then I was.

Then realizing that I still will have to learn professionally, I, you know, with speaking

to somebody and they are basically now, I've done three rounds of interviews to get a job

at this other law firm. And now, they're both happening at the same time, and I'm kind of concerned that if I go and I do this political debate show, that they will not want to hire me or reflect an offer or something, because, you know, I say something that they disagree with. So I was wondering if you had any work with someone that is at a different value system than you?

Well, no, I mean, if they would draw the offer, because they disagree with you, they have

Yeah, that's true, but I guess really the reason I called is because, you know, we're expecting

“our first child and, you know, I want to have a regular income, you know what I mean?”

So it feels like, you know, should I, you know, if I agree with some of the values, but not others, their values, do you know what I mean? And so it's just kind of like, yeah, a little bit worried about. Well, I mean, let's just give you an example, okay, let's just make up an example. Let's say that you went on a debate show and you agreed with everything in the Biden administration

and you're left leaning or a progressive or whatever we want to label that and you take that position on the debate. And somebody says, oh, I wouldn't ever hire anybody because the does that because I'm a pro-Trump guy, you don't want to work there anyway, you'd be miserable. Yeah, yeah, I think that you're right. And don't worry, that's not what I'd be saying. Well, I don't care, I don't care. It works both ways, right?

It works both ways. And so yeah, or I'll say this though, is that to have an employer, I mean, I guess if it was, I guess something that you would disagree with, so I'm like, I know our team, we've a thousand people and we all don't go, we're on all on the same political spectrum.

I mean, there's people that vote all different ways here. And so we would never fire someone for that.

Okay. Oh, Lord, thank you. Yes. Yes. No, we would not fire someone for the political order. No, no. And we would not, we would not hire you because we saw a YouTube thing, but I also, but I also Josh would not. I don't know if, if it's that big of a gamble, because I don't know from up from a law perspective, I don't know what that entails in that career. I wouldn't put my career

in jeopardy, though, in general, right, for a YouTube show. Yeah, for real. So, there's a part of me that I like. That's a good point, too. But, but, you know, so no, I, I'm from like a legal perspective. I don't know what you would. No, I don't think I'm, I don't know where about the law. It's

“a matter of, you know, but here's the thing. If you have someone that you ascertain is so extreme”

on one side of the other, that they will not entertain someone that thinks differently than them. Yes. And they don't want to, you don't want to work there or anyone. That's right. That's right. That's right. Okay. And so, I mean, we laugh and say, you know, graduate, graduate from Tennessee, and, you know, we laugh and say, we've accidentally hired a few Alabama fans. You know, I mean, so, but, you know, I mean, that's, but right. But, but we don't know. When, there's Bobby, he's got his

Alabama hat right there in the booth right now. And so, you know, we, we hired him anyway and he's been here like, got it a decade or more. We just now discovered his Alabama guy. Oh, I get it out. No, I mean, we're, but that's the, that's the thing. Yeah. So, that, that, that's the kind of thing. That's the way we think about it around here is we just, we, we, we, we're not going to all get in a big fight and we're not going to all spend our lives being mad about that. But, but, but, but, and so, I don't

want to work for a firm, lawyer or otherwise that feels that way. Yeah. On the other hand, aside from that, I also don't know what the upside is. What is gained by going on this? There's more, there's all downside and no upside. Yeah. Yeah. I'm not sure you get for doing it. Are they giving you $200,000 to appear? No. Um, you know, and you're putting a digital tattoo out into the world that you're going to have to live with. And we know how that feels. That's our job. Yeah. We put a digital tattoo out

as you say. No kidding. Yeah. I mean, it's, but, but, but, but something that polarizing in today's world, I'm like, I don't know why. Just not, yeah, not where I saw it. You know, I mean, like, for instance, during the presidential election, we reached out to Kamala Harris's camp and offered to interview her and we also reached out to President Trump's camp and offered to interview him. She declined and he took us up on it and we did the Trump interview. I, and I endorsed Trump,

but I, but he's not Jesus. I don't worship at his feet. So, uh, which also upsets the Trumpers. So, um, you know, I mean, it's, Cali, some of you people really need to slow down much, but the, um, but that, that's kind of where who I would want to be around, in other words. And so somebody's willing to listen to both sides kind of curious and I like debates and that kind of stuff, but really it's got nothing to do with your career. That had to do with my career and do with

the Ramsey brand and what we're doing here and, you know, this is what we do for a living. But what you're doing for a living is law. Yeah. And doing this has nothing to do with that. So there's no

“upside. So I probably wouldn't do it for that reason. So yeah, there's no upside. You know, I remember”

the first time I heard something like that, Rachel, that line of thinking that, um, um, decision-making

paradigm, I was in a sales class. I was 18 years old. And, uh, now this is 1978. Oh, take us back,

There was just not non-smoking. Every restaurant you could smoke in. Yeah. Oh, yeah. Every airplane. It's been to the 90s. Every plane. Every airplane. You could smoke in. Okay. So smoking was like today. Nobody does smoking. I mean, it's unusual to see somebody with cigarette today. Yeah. But in those days, every smoke smelled like cigarettes. Yeah. Yeah. You know, and so, but that guy in that sales thing, he said, okay, how many of you smoke? And I'm most people

raise their hands. I didn't smoke. I never have, but not a mad about it. I just never did. And um,

he said, how many people smoke? And a bunch of people raise their hands. He goes, how many people in here think you've made a sale because you smoked. No one raise their hands. He said, how many have you think you might have lost a sale because you smoked? A bunch of people raise their hands.

“That's a foul. I think I saw something that doesn't smoke. Doesn't want to be around.”

Yeah. I mean, smell like it or something. So the point is, there's no, there's only downside. There's no, yeah. Yeah. The same thing here. You know, what are you going to, what good is

going to come up with this other than you get to voice your opinion and have the thrill in the

funnel, but do I have a, have a moment of kind of an ego thing of like, oh, that's cool. They ask me to be on this panel. Yeah. Yeah. So it's, I, I, it's not worth it. But I would do, and you and you have a new baby coming, Josh, too. You know what I mean? So I'm like, just enjoy your life. Yeah. Don't, don't muddle it. I would not, I would not, I would not turn down the debate because of future employment, though. I would turn it down because I don't know if there's

“a downside. Yeah. That's fair. Don't see any upset. That's fair. That's why I would turn it down.”

And I'm time back to what you said a minute ago. That's how I got on that. Yeah. Side note. Did you watch the JFK love story? The, oh, the series. Anyway, it's based in the 90s, obviously, because JFK Jr. It's about when he died. Anyway, it's they are smoking all through that series. Oh, yeah. But I remind it. I was like, it's so 90s. Like, you know,

really? Yes. Yes. I remember when they had no smoking seconds, which I always thought was funny.

Yes. Like the smoke couldn't jump across the stairs. But they're all smoking in the restaurant, this stuff. And I was like, this is the same thing. It's the same thing. It's like you couldn't go down the island. The grocery store because a little COVID might jump on it. It was the same thing. It's the same dumb thing. It's like, in the air, the smoke is in the air. It's like, I'm going to get smoke break. I'll be back. [Music]

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might not be in all states. Today's question comes from Samantha and Wisconsin. She said, "My husband has two daughters, and I have two sons from previous marriages. We married

that the living spouse is taken care of first? But the children still get their fair share when

“the spouse passes. We want to ensure that our kids are left with their share of each parent's”

state, but we also don't want the surviving spouse to lose any assets. Would getting a life insurance policy for the value of 50% of assets be a good option to leave our individual children so both sides get a fair inheritance?" I would not do life insurance. What you can do is pretty simple, and you sit down with a state planning attorney, and you got to map out the numbers as much as the concept. But often what we see people do in this situation is the money is left in a trust.

The terms of the trust are that the surviving spouse gets to live out of and use the trust. Upon death, the trust is split into the two trusts, or you could have two trusts at death either one, and both of them are designed to support the surviving spouse and then upon death.

“Of that spouse, each of your two kids gets yours, his two kids get his, and so forth.”

If it's in a trust, it can't go anywhere. I'll just say, "You've amassed between the two of you,

a million dollars and a 401k, and you die." That money is left into a trust, and the money

and your wife is left behind, she gets the benefit of that trust as long as she's alive. And so she gets the income off of it, and she's allowed to use the money under certain circumstances, other than just the income, medical event, or something like that, and the house could go into a trust, and go into the same trust. Everything could go into the same trust, and she gets to use all of that while she's alive. So if that million dollars creates a, you know, a hundred thousand

dollars a year income, she gets to use all that, and she could use some of the million if under certain circumstances that you decide in the trust. But she can't just change and decide, "I'm going to

leave the whole million to my kids and cut out your kids." Could she use all the million, and there's

nothing left for the kids? If you put it in the trust that she was able to use it, she could use it up, but if you left the value of the house in there and the money in there and one lump sum, and she's got the benefit of that, she's going to be fine, or you've got the benefit, you're going to be fine. Even if she remarried, okay, she still only gets the benefit of that and is bound by the terms of the trust. She can't, if it's only in a will, she could change the will, and say, "I'm not

going to leave it to the kids." But upon the death of this, in this scenario, the dad, the dad, his grown kids don't get anything until the wife got. Exactly. Exactly. Exactly. Or you could say, they get half $200,000, and the rest of it goes into a trust. Yep. And then when she dies, they get the rest of it. Exactly. They get their portion of the rest of it. But the trust cannot be undone by the surviving spouse, like they get remarried in the new stepfather as a jerk, and he wants

to scarf all the money and open a pizza place, or something, and he uses up all your inherits, the kids inheritance. Yeah, totally. And it's all stepfather, scam artist guy, right? And so you

“get a Cinderella story, right? And not the good part, the evil stepmother's part of Cinderella, right?”

So if you've got all, if it's just in a will, she could change the will and cut out the guy's kids, the dad. But if it's all set up in a trust, it's very difficult to do that. So I think you can sit down and just say, okay, what are the terms of the trust? How much goes into the trust? And the terms could easily be, you get to live off the income, and you can use some of the principal for various reasons. Yeah. And so forth. And be very careful about

crazy stuff in there, because it comes back to buy to you. It doesn't age well. Like 30 years later, the crazy thing just looks like crazy. It 30 months later, it's kind of like, oh, I kind of understand why you did that. But so here's an example. You can accomplish it. Okay,

they're 50 years old, and he dies. And she's got the house in a trust, but she can never sell the house.

That would be crazy. Because she can live to 80, 30 freaking years, the house is already 20 years old. So you're going to have her in a 50 year old house. Now, she needs to be able to sell the house. But if she does, the replacement house has to go into the trust or something like that. But you see, you have to give it some flexibility in there for that person. I can never do that. That stuff

But the answer to the overall question is, get within a state planner, and I think you can fix all of

“this with a trust or trust. However, you want to set it up. And that's a good way to get at it.”

Johnson, Murdoch, B. Chase, John, how are you? I'm good. I appreciate you guys taking a take a look all of that. Thank you. Sure. So I have an issue, a difficult time talking finances with my fiancee without it, you know, turning somewhat emotional. So I'm looking for good practical suggestions in how I can inspire her to kind of look at money differently along with me, you know, looking me wrong. How old are you? 35. Is the wedding set the date? No,

sir, it's not. And part of the reason is, I'd like to have the same money goals, or at least

similar enough that this won't be an ongoing fight. Yeah, it needs to be your don't get married. Yeah, it was just the number one five. It's an everyone calls it divorce and it's the number one calls a marriage misery. It's constantly being at odds with your spouse. Yeah, what is she? What is the fight look like? What's the conflicts look like? What do you bring up? And what is she much back against? Sure. So I've been having at the baby steps on my end with my my debt and

you know, I'll ask her sometimes, you know, how how is your credit cards looking? I've been

“paying on them, you know, what's your contribution to the household going to be like soon?”

Because I take all the response, we have we do live together, we've been together 10 years, have been together a long time, we do have two kids. So more or less we're married, we just haven't done the paperwork. But so as we start to discuss these things and I start to ask her questions, she she gets emotional, she gets upset. I think she feels guilty and I'm not sure, but she does get upset sometimes she'll cry. And we don't we don't yell or bigger back and forth. I just

think that she feels a little guilty and and habits are hard to break and maybe she she may feel that I have resentment maybe towards her which I don't but and I try to be careful with how things are and things and but it becomes difficult to have the conversations when she's upset.

So usually the conversation kind dies at that point. Oh man, okay well the reality is yeah,

you I mean you guys are you have two kids you've been living together for 10 years you're married. So so regardless of we can't we can't get on the same page or not you are so like just go ahead and tie it on it's happening. Yeah it's happening. So then what I would yeah what I would dig into Josh is number one you the way you're phrasing the questions is a lot of pointing at her you know what are you doing or you're paying on the bill you you you you you you and needs to be back on

you John of hey here's what I'm feeling this is the story that I'm making up in my head that you feel like that there's resentment towards me I'm making up a story that you are shut down emotionally and if I press any harder in the conversation you're going to continue to shut down and we're not going to get anywhere. Like right like to to be able to explain where you are is going to be

“really really important in this and she's got a I mean girl she's 35 to yeah okay we got to either get”

into like a good counselor and dig some of that stuff up of what's going on but her way of doing conflict not not great not great so I would suggest good pre marriage counseling now and our marriage counseling and get married immediately I mean quit it she's man Raven is in Raleigh North Carolina high Raven how are you I'm good how are you at other than I deserve what's up so my mom is financially responsible and depends financially

on her mom and I'm just kind of worried that at some point she's going to be depending on me how do I kind of prepare for that and set boundaries what I need to about it how old are you I'm 20 I wouldn't worry about it right now I really wouldn't I just I'd worry about something else there's other stuff to worry about how old is your mother yeah she's about 50 okay she doesn't work no she doesn't work at all

unguidness disability so she hasn't been able to get it diagnosed her you know get this ability for it

“it don't laugh is it like like a like a no no I'm telling Dave not to laugh Raven you can laugh”

is it like an immune disorder like what okay okay okay okay so anyway back back to your question um no I I am I'm very suspect of that the to say the least the um I I think I think the thing is this number number one I would pick up Henry Clio's book boundaries and read it and that begins to teach you and prepare you intellectually for how how difficult it's going to be to set boundaries

with her no one has ever told her no and you're gonna be the first one and it's gonna be real

difficult okay so I just want you to go build a wonderful life for you and then if you've got millions of dollars and you want to help her out with some groceries or something that's fine but what you don't want to do is to take her on as your responsibility because she's not your responsibility she's 50 year old woman that won't work okay and so um and so and she had every

“opportunity to do that and that's what you're observing you called it financial your responsibility”

you didn't call it a medical issue and so and you were right so um anyway when the time comes

and you have to set a boundary I'm going to go ahead and tell you it's gonna be one of the most

painful things you've ever done in your life because anyone that tells your mother no does not get a good reaction from your mother no so my grandma's coming up on age and we will kind of have that discussion so I feel like it's gonna come up pretty close and I don't know well I mean when you're when you're granny passes and your mom has to figure out how to do life you're just gonna have to tell you mom I'm 23 and I can't do this for you you're like the older woman you're

supposed to figure this out I can't do it I you know today you don't have the option of helping her you don't have the money but let's say it's 10 years from now and you're 32 and you've put together

a million dollars listening to the stuff we teach and you're able to help but still you don't

you're not required to help you still are going to have to tell her now in any case where she actually has to take responsibility for her life she's gonna be unhappy with the people that tell her that so that's the thing I want you prepare prepare you for there is no trick phrase there is no amount of money there is no angular strategy that you can take that's gonna make her not be pissed there's a hundred percent chance your mom's gonna be pissed so you might as well get ready for that

“okay the only way she's not gonna be is if you become as dysfunctional as your grandmother”

and you take in this woman who won't work and you you continue to feed her and take her ever and she does to do nothing more and she runs box around whining acting like there's something wrong with her and there's not she just lazy and so that is a disability but it's a different kind and so that that's what you're facing and I'm sorry for that but but anytime you have to set boundaries with a boundaryless person the thing you have to brace yourself for is the

emotional pain because you're gonna be told how horrible a daughter you are and you're not you're gonna be told you're crazy and you're not you're gonna be told everything's wrong with you and you're not but you're still gonna feel those arrows as they come at you because they sting they hurt and so just get ready for that there's no way to avoid it except to join in the crazy talk and join in the crazy land and we're not gonna join in crazy land and so the only other

then the thing that's gonna happen is a hundred percent chance your mom's not gonna react well for that she's a she's a travel agent for guilt trips and she's gonna pull out every card in a book to get you know get money out of you and everything else anything she can why raised you wherever you when I was feeding you well that's like your job you had a kid that's where I was and so all that and so but but there's no amount of talking there's no amount of words

they're gonna fix this lady until she comes to herself and says I'm ready to get better

want you to worry about it another day I just I do want you to brace yourself for when the time comes it's gonna be painful is she's not gonna go well so pick up Henry Cloud's book boundaries you will

“you will go oh that's me I know that guy yeah but that's who that is so that's how that works”

Jay is with us Jay is in Denver how Jay how are you? Hello I can't be Dave thank you for having me sure what's up um I have been raised with

the film for my life and my whole life I never had to work a day and I I'm realizing that my

stress was about to end but I year next May or June and I have never worked it's so much that's what's up to my college which is also gonna end the day next year I'm saying to be in the countin and I'm getting you nervous you're getting a degree in accounting yes okay and how old are you okay and have you are you sure you left the trust fund because you have a disability or a

“special need okay no I I have been given a trust fund through my background to understand just”

your parents were wealthy but it wasn't because you had some kind of a need it was just they were wanting to bless you with the money yes okay that's fine I just want to make the distinction so okay so the money ran out and now you're gonna be like an adult and get a job huh yeah I am and I only my main worry is that I my work ethic I'm really worried about

my work ethic and especially never had had worked before you know some plays are you know

if you you've got a work ethic or you wouldn't be getting out of school you don't graduate and have no work ethic you have a work ethic that calls you to study and go to class that's a work ethic you did not work that job yet but so if a lot of people that went to college it didn't work when they were in college that's not that unusual so I love that you're worried about it when do you graduate about me next year cool okay so what will be wrong with taking a job right now and working

like all the time see that's the thing I'm an F1 legalizing tell you so I'm only allowed to just search and jobs that are related to campus and so I have been applying to jobs and I've been contact speaking with my resume just trying to get my confidence built by having a job the whole job I'm doing that I'm so well I mean you're able to start a business on the side aren't you yeah go go buy a leaf blower rich people are afraid of leaves you know go get a lot more go buy

a lawnmower and start cutting grass that is not legal of course it's legal to cut grass Dan and it's definitely legal to blow it I have no idea okay no I do what you're facing but the thing the the antidote to what you're worried about is step rot straight into it head first I'm worried I don't have work ethic show go prove you have work at the bookstore at the

“university campus they work all the time yeah and you'll be fine Jay I think honestly there's a lot”

of 23 year olds at graduate college and they they've never really worked before and they had to

get their first adult job and all of it so I think it's become dramatizing your head I think you're gonna do fine but just yeah start working somewhere now welcome back to the ramsy show in the fair winds credit union studio I am Dave Ramsey Rachel Cruz Ramsey personality number one best selling author my daughter is my co-host today Tiffany is with us in Chicago high Tiffany how are you how can we help so the reason why I'm

calling in is because I got accepted into an IV plus school for a very competitive very niche graduate program and I was offered a partial scholarship and so even with the scholarship I'm looking at about a hundred thousand dollars a year for student loans my issue is where I live currently it's like a hub for what I want to do so like if I was working tech but I lived until come valley but my issue

anywhere if that makes sense and so now that I've gone to this process I'm an accepted and everything's

“kind of thinking in I just don't know if it's feasible to take on so much debt for something that”

isn't exactly guaranteed if that makes sense so your graduate degree would be in what so it's in the medical field you'd be specific so it would be in prosthetics okay and so this is a a master's yes so two-year program yes the track okay and it's the it's local to you I thought you said you're in silicon valley my screen says you're in Chicago I'm so confused so I'm I'm in Chicago but the nature of my job

it's huge here in Chicago so it's like the equivalent of if I was working tech in silicon oh yeah so you're in the geographic location to do this I got you yeah okay all right and your

“husband's job is in Chicago and what does your husband make so he's a doctor okay and you're you're doing”

what today oh I'm I am an office manager okay all right so you're going to enter a completely different field due to getting this masters I I don't know much about that field is a masters required to enter that area yes why sort of licensing yeah so there's a lot of like board certification licensing that sort of thing involved and the licensing requires a masters

okay well I and all I can tell you is in general we have never in 30 plus years of being on the

air told someone to take out a student loan and we're not going to start with you so no I would not do it but then I have to stop and think about okay what are some work around to get you to where you want to go so and in general if you can get the license if you get the masters you can pass the licensing regardless of where the masters came from and if you get the licensing and the certification you can get the job regardless of where the masters came from there are almost zero jobs

in America that they hire you based on where you went to school they hire you based on your knowledge and your capability that you get by becoming educated but regardless of where you went to school like you said your husband's a doctor no one walks into his office and says hey Doc where you go to school before you they ask how if he can help him or not yeah and my my issue with that too is so there's only four schools that do what I want to do and I apply to all of them and I only

got into one yeah that doesn't mean I'm going to go $200,000 in debt yeah I'm going to find I'm going to find another way to do this or I'm going to do something else but there's not the you are paying for something that does not have a return on investment when you pay for a IV plus okay you're paying for the famous name and the famous name has no benefit in the market place none no one hires people to do prosthetics based on where they went to school no one walks

into an oncologist and says I got cancer doc but wait a minute where'd you go to school no one asks their lawyer where they went to school they just ask can you help me I've got a thousand

employees I've never hired one based on where they went to school so we've got to find another

way to not spend $200,000 on something that has zero return oh and going in debt to do it it's just unwise so you've created this you've created this narrative this world it says there's only one possible way to do what I want to do and it's go $200,000 in debt to do it and that's you know that just all that means is you have not looked at enough enough options yet you've not found another way to do this yet and I don't know enough about your world to give you a practical advice

“other than to say you need to you need to try some other doors on this Tiffany how much is your”

husband make a year so he needs I think a hundred and seventy five thousand okay okay yeah and so even if you were paying cash for it I would tell you not to do not to pay an extra two hundred thousand dollars to go to this particular school yeah okay but you're not paying cash for it and so

and say there's gotta be another way for me to get at this and I promise you if there's only one possible way for you to do this and it's $3 going $200,000 in debt that's God telling you don't do it don't do it you're supposed to do something else with your life I don't know what it is

“but the last thing you need to do is follow through on this it's a bad idea so back up say okay”

how how can I get this certification does the is the master's really required now there are a few things in the medical field I bet so it's I don't know I I don't know anything about it I truly don't

know yeah but the first thing I would do is question everything I'm gonna rebel right against the

system and you know here's one you can't win okay you can't become a licensed psychologist for doing therapy in any state without a masters okay that one you can't fix you got to fact you but there's a lot of places you can get the masters in psychology right that's right and so including online for that matter and and so hers is a very narrow much more narrow

“field than that and I don't know if it's an absolute requirement or if it's just highly suggested”

or looked upon if the tally suggested looked upon I don't give a crap I do not have a masters

I do not have a PhD well it's hard when you're in such a narrow field like that yeah

actually your options are going to be more narrow so you may have to even expand bigger Tiffany and ask okay why do I love this could I do something in a similar vein that still fulfills me in that way but it's gonna look different I don't know so you may have to get a little creative if it doesn't work because if it's very if it's that niche there's only four schools one of the one of the companies one of the guys that comes to untray leadership they own a prosthetic

“store they they do the fittings hmm and I've sat and talked to him I do not remember any of this”

out of that but that though I just maybe I just didn't know what I was trying to ask him to

yeah it'd be interesting I truly don't know but I I do know the concept the concept is I'm not paying $200,000 for something that is no ROI hey guys Dave Ramsey here every day on this show we help people work through real money problems and figure out what to do next now you can get that same kind of help anytime with ask Ramsey ask your money question and get answers built on Ramsey principles

we use on the show whether you're making a decision or just want something explained ask Ramsey is here to help it's fast simple and free to use go to Ramsey Solutions.com and try ask Ramsey today that's Ramsey Solutions.com buying or selling a home is a big deal with all the clickbait and bad information out there tick-tock experts on real estate Lord help us you need real information we're here to help

you make the latest trends easy to understand median home prices are up a little last month generally go up a little every month pretty typical especially here in the busy spring season mortgage interest rates are down 15 year fixed right now it's 5.22 and it's down from 6% and some change yeah it's jumped down almost a full point to learn more about housing market trends and get free tools to help you buy or sell with confidence go to Ramsey Solutions.com/market

or click the link in the show notes Sarah is with us in Portland Oregon hey Sarah what's up hi it's a pleasure to speak with you thank you certainly how can we help and like to ask how can I help my adult daughter understand how much money she is wasting on specialty coffee oh you're not gonna like my answer well she is graduating from college in 30 days and I know that it won't be our place to offer financial advice unless asked after that

but for the next 30 days we'd like to give whatever advice we can or if I mean it's too late four years she's been in college by in Starbucks and you just say nothing no me in 30 days you want

does she have the money is this is this lady what's she graduating in she'll have a degree in landscape architecture okay and and is she a good person is she a good character she's a great person she's smart she's incredibly talented our only sin is specialty coffee it's I mean it's not a sin it's just that she's going to be starting her independent financial life and I don't think

“she realizes I think she will realize that then yeah when she starts writing it says she'll start”

to come and she looks down and says her Starbucks bill she's gonna go oh my hey this is wild yeah yeah do you think you don't look down at the every expense no no but if it shows up in her budget okay so this is fun it's it's okay you're fine you're fine but because you know that you can't

do anything about this is the bottom line and you're right and I personally wouldn't bring up the

coffee ever again if I were you but what I would do is say this I would say hey you're getting ready to graduate and one of the things I wish we had taught up done a better job teaching you during the last four years was to do a detailed written budget and so as you do as you come out I really want you to pick up this every dollar app it's free and start doing a detailed written budget for your sake and I wish I'd done a better job making sure you did that all along but

I didn't and so it's my last parting advice here's what'll happen when she does that Sarah that budget will the categories in a budget when you actually do it and actually live on it if you can get somebody do that the categories yell at you and the especially coffee will yell at her and go I just spent three hundred bucks this month on coffee this is crazy and the numbers will just yell at you they they if you're doing that so do it and if she doesn't she's gonna be getting a starting

salary somewhere and she's gonna have to learn how to live on her salary and so I think and I think through trial and error Sarah she's gonna learn okay I can't eat at such and such restaurants weekly I have to cut that back gosh this coffee is like oh I'm spending so much here I got to probably pull back here I think it's gonna be some some trial and error or Sarah God forbid she has

“the money for her specialty coffee and that's what she wants to do and if it's not illegal or immoral”

there's a value system there right like there's things people spend money on that I roll my eyes at like two-year-old birthday parties that look like wedding receptions I'm like why would you why why you know I roll my eyes at that but it's not wrong that people do that if they have the money and it's not

your money and it's not my money you know people look at people buying cars like I would never

spin X on a car but if you have the money like that's what that's what they want to spend their money on so there is a point that it's gonna be what she values I think if you if you're a daughter graduating from college and she is a great person and the biggest flaw you can find in her is this I would just step back and say thank you Jesus and say nothing and say I did a great job I have a great daughter and if she's been some money on coffee I don't agree with so what I would just step back

from this and let it go I would encourage your budget because a budget will point out to any one of you anybody doing a budget about the numbers you'll let you yes this is smart this is dumb well and to your point Sarah what what your your opportunity cost of where money can go right so even just throwing in a coffee a day in an investment calculator and just see what that would cost

you right and it get not like you'll never gonna knock by coffee but you start to see where your money

“has power and where you can use it wisely but again buying coffees you know if that's what”

she was just fine but I saw this question come up on the screen earlier and it took me back and you've never heard this story but my grandparents were in the great depression of course and they used the coffee grounds three days it would read you in a percolator okay they put them in a percolator make a pot of coffee the next day left them in there make a pot of coffee and every time you do that it's week or week the third day it was so weak and so

tepid that they called it coffee tea oh gosh it was not I mean it was just nasty just water but and so when your mother and I get married and we use fresh grounds every morning they felt like about us like Sarah feels about her daughter how wasteful you are wasteful we are because we make fresh coffee every single day and didn't reuse the grounds and have coffee tea the third day yeah yeah but in that that's so funny it's just a perspective right

raised in Portland Oregon which is kind of like one of the homes of specialty coffees yeah and so it's a coffee town for sure and you know it's yeah that's interesting but I want to great discussion yeah it's funny that's great you know I will say this though I want to go back to that other thing on every dollar everyone start doing your written budget your detail budget because I will say it again money the numbers will if you actually look down at it you will feel

stupid when you're doing something stupid I mean the numbers will just look at you and go that's

“stupid the numbers will go that's what you know and when you start chunking money over like”

in your emergency fund when you're working on baby step three and you see that growing or you're chunking money on the deaths and you see the deaths start to go away the numbers will tell you and you'll start to feel good about yourself the numbers will say you're smart you're smart you're smart and that thing talks to you it really does it talks to you and it tells you you know you're acting like a child or you're acting like an adult and that's silly to spend that and I you know I

remember one time I sat down in an financial teaching university group and this guy 100 years ago

and this guy says I figured out when we did our first month's budget while we don't have

anything in retirement we're spending $1200 a month on eating out just on restaurants oh yeah

“and this was back in the day that'd be like yeah be like $2,000 a month just $3,000 a month now on”

restaurants right he goes I figured out why we don't have a retirement we've been eating it you know and the numbers are telling you they're looking at you going you're done this is dumb you're consuming all of this money and you're not doing any investments you're not doing any generosity and the numbers if you can get her to do a budget Sarah if her specialty coffee is out of line as a percentage of her overall income and world it will speak up for itself and tell her

yep she's gonna bite us and you will never have to say it because I don't think you're

going to be good saying it by way now I agree yeah she's gonna say none your mom none your business moms they mom what are you talking about hey mom no in the budget to the the reframing of you know having your money work for you like that that is such a big mindset mindset shift for people to say well what can I I'm this money is here for me to use as a tool to create a life that I love what do I do with this to create a life that I love and stability and peace

gives you some of that it gives you life you love and that's the investing in the generosity you're doing the basic things and making sure that those things are covered and then anything above that then you're able to say okay what do I want to use this for and she wants to a lot coffee in there that's great but yeah but making sure they get that it's it's in a perspective and in a reality of her overall budget that makes sense yeah that's fun good call Sarah

it's interesting you're fun when I talk to people on the ramsy show 90% of the problems I hear come down to one thing not having a plan they're not living on a budget they have no idea where their money's going money is just happening to them instead of them happening to their money and guys that is so normal but it

“doesn't have to be normal for you and that's why I want you to go download our every dollar”

budget app every dollar not only helps you tell your money where to go with a budget it also builds a plan to free up extra money so you can pay debt off faster and start building wealth and the best part your plan is completely personalized to your life it's the same advice that you would get if you call the show and it's right in your pocket so don't keep living normal go download the every dollar app answer a few questions and get your plan today

and a lady called us with a devastating life threatening question not really I'm being sarcastic and Rachel and her bond did immediately and her name is Rachel as well and here we put the thing on social media a little clip of it on the real and it's gotten like

million and a half or something views already and it's going to be four five million by the time

I finished talking about it so we're going to play a little bit of that clip to give you guys a little bit of ideal what the conversation was about my question is is there ever a time and babies that too

what would that be so it would be to go see several good childhood friends of mine in Las Vegas

“named Kevin Nick how we age a and Brian at the at the fear and august the battery bulls”

yes they're childhood friends shoot so guys you call them this day Rachel you know Rachel's been twice and the call went on from there and Rachel is crying because she had to tell her in baby step two yeah I don't think I actually said it but we decided it would be a fun thing to follow up with the the other Rachel that called in about this and she's in an Indianapolis hey Rachel are you there on the line I am hey well something weird happens since

you called in so somebody went into my DMs and I don't look at them our social media guys look at them but they recognize the guy and he wants to come on the air and talk to you Kevin is his name hey Kevin how are you hey guys how's it going good to have you brother thanks for being with us so Rachel this is Kevin from the backstreet boys this is your child this is childhood friend Rachel oh my goodness is this real right now this is real you're not being

pumped it is a friend of mine shared the clip with me buddy of mine who's an actor big guy Ryan MacPartlin shared the clip with me I saw it and I immediately posted on the clip in the feed I can help maybe I can help and then I DMed Dave and here we are and I would like to invite you and a guest to come see us in Las Vegas and we'll pick up tap well and you can't go in baby

“step two if you have to pay for the travel so Ramsey's gonna pick up the travel for you okay”

are you serious right now is this not the best day Rachel so happy for you I'm like I'm like going to start crying that's so fun y'all that is so fun I have no idea what all y'all are squealing about but

Kevin thank you for doing this you're amazing well well you're amazing and thank you for all

you do your you work in the in the health industry right are you a nurse or a caretaker or so I'm a psychiatric nurse practitioner I work I work in like mental health and addiction okay all right well you're you're you're doing God's work right there and you deserve a break and you deserve a mommy daddy trip or a girlfriend's trip or whatever it is you and a guest come and hang out with us and take a trip back in time oh my gosh this is amazing and it's such an

honor to speak with you and it's great to speak with you today but Kevin you're amazing thank you thank you I believe I believe I like to I'm not I don't like to spend money

“but when I do spend money I like to spend it on experiences and so you should have this experience”

absolutely yeah and Rachel can testify since she's been there twice I know Kevin you guys you heal inner inner child's of millennial women across across our world it is it is the best show

so Rachel I'm so excited for you yes thank you so much this is incredible thank you

but no I I'm speechless right now it takes a lot to get me speechless well I hope you have a great time and and Dave I'm a new fan now and Rachel here I'm a new fan as well thank you Kevin John is it Delani is that Delani now Delani or Delani delani or Delani delani I've been following him for a while I love what he does and he actually reached out to me Rachel and said you were coming to the show and I'm going to try oh guys but we got our DM

timeline crossed up and I didn't get to say hi to you that is totally fine I so I appreciate that he's a good friend to do that but yeah Kevin we love you we do love a backstreet boy it's just thank you bro follow along getting all come on how to how to handle my finances as well that's right you need any help you let us know I'm sure you'll be fine thank you thank you Kevin that's very grateful we'll see you this summer whenever you let us know we're gonna be in touch our folks

reach out to you and whenever this summer um July through August you you figured out you pick it out

and we'll take care of it oh my gosh here it's like you guys are incredible thank you so much like

reaching out that's very generous of you very good good stuff guys very fun thanks Kevin very fun well

you don't get to do that very often that's like never we my gosh it's like a it's like a make a wish

I can't wait for you just like I feel like we just healed Rachel I was like that that we get to take her you know it's amazing yeah Kevin's generosity pressure you've been reaching out in the DM yes I'm a social media guys actually recognize because I I don't look at it and I they would yeah no but this is like the Kevin yes yes and he's been here's generosity and all is just

“incredible that it makes a fun moment it makes a great moment and so never forget it oh my gosh”

you're so great yeah now we have a whole new clip and it is the whole well the experience part what he said is so true and that's what Arthur Brooks talks about the stinkans fear one is just off the

chain do I oh yeah it's just 167 thousand speakers just like you're wearing head buns it's incredible

it's amazing yeah Rachel's gonna have a great time and we'll pick up the travel and he's picked up the tickets and the experience that he'll have that's so great the boys will have lined up for Miss Rachel and Indianapolis and very very generous of them and we appreciate the effort and the effort to come on the air with us and then do that yeah I know we could have time out of his

“day to do that so fine so fine very nice very nice I know hey guys generosity it's heels the soul”

the best part of handling your money well is it put you in a position that you can do something the best part of handling your fame well is it put you in a position to do something the best part of handling your power well is it put you in a position to do something for someone else which is where you will get the most joy yeah and so you know it just goes right with the giving shows the generosity stuff we talk about but obviously it's Kevin spirit to do that and to be that kind of a person

and then it sets Rachel up to be able to do this and it all comes down because you were already the biggest fan in customer and she called it on the day you were on the end I got someone to tailor

Swift because the air is tour was amazing the backstory boys and Vegas oh my gosh it's life changing

it is so when you get to I'm telling you from millennials y'all this is like hour oh and I just saw I think it's um tell there's some yeah there's some more all the millennial bands they're all like coming back there's like a thing in national happening the summer with some of them yeah it's just it is it's so good the nostalgia play is real and all the boomer bands are back but they're all 80 yeah these guys could actually think that's interesting and they're all good guys like you

like lit there's one of the songs and it's a video of all of like pictures of them and their moms and their kids and their wives and you're just like oh my gosh like they've just done so well

“they've stewarded it so well and I think that's why I love them too it's all these years later you know”

we're in a pream for Brittany still I'm not heard of I'm not heard of do well but yeah it's awesome so great so great congratulations Rachel and thanks to you again the cabin and the backstory boys for foundation the tickets what a great fun thing we get to do here on the other day [Music] [Music]

Listen up folks if you've got a complicated tech situation and you're putting off filing your return it's time to talk with a Ramsey trusted tax pro not next week not April 15th right freaking now Ramsey trusted tax pros know the tax code front to back so they can do the heavy lifting to help you file on time and explain things to you with the heart of a teacher but they can only do that if you get on their schedule before they book up go to RamseySolutions.com/TaxPro

to find a full-time tax advisor who serves your area with excellence that's RamseySolutions.com/TaxPro

Our scripture that I Romans 8 28 and we know that God causes everything to work together for the good

of those who love God and are called according to His purpose for them. Colonel Sandra said just

“because you took longer than others doesn't mean you failed remember that by the way if you didn't”

know he started Kentucky for I'd chicken at 67 years old so it's not too late I don't care who you are it's not too late very fun so Rachel are you okay now I'm okay I'm down now I said the 12-year-old me is just dying inside dying inside so fun listen the boy band era was real y'all when you were in middle school I mean that was a real real thing so that that's pretty wild so they had to be like

20 years old right are they were teenagers oh yeah yeah yeah yeah but he was the oldest band mate and

he just told me so I ran into the booth to say bye to don't thank you um yeah his his oldest he said was 18 his 18 his oldest trap son oh so a he was when all this was happening yeah yeah yeah oh wow so and I think he was a little bit older in the band too if I remember right but anyways

“it was great so fun um and to be able to hook her up on that you need to do like a once a year”

give away a Ramsay chef so if we found something like that we'll do it I mean we didn't create that he did I mean we we just facilitated it right but we because so if you call in what concert tickets we're not buying them for you okay that's not that's not what this was about okay but yeah that's but yeah yeah hey that he DMed us and I'm not talking about social media guys he's telling me the whole story yeah it's great and even know how this all happened but very

interesting very fun it's fun yeah I think I think she was truly speechless yeah I'm sure that was like a massive whiplash yeah yeah yeah yeah she had no idea why we called her on the air yeah we called her said we need you to come back on the air and she's like uh what did I do let what I do wrong what I do wrong alright a meal is with us and Miami high a meal how are you hey guys I hope you're doing better than you do there we are how can we help you today sure

yeah so I just graduated college four month ago on 26 years old I was able to secure a 70k career that's pretty stable and I wanted to know how I can stay motivated to stay out of debt for the next 10 or 40 years um I have no student loans I have a bit of card in for my parents and I do have 5k in credit card debt and you're wanting to know just how to well you you can't stay motivated in a vague sense of oh I'm just gonna be motivated

most people can't you need a specific reason that you're doing things so you know for instance when we went broke um and off our bankruptcy the year Rachel was born

because I was an idiot and so my reason was to never be back in that kind of pain again and to

make sure I could feed my children and to change my family tree that was my reason my driving force was to never be stuck with by that again and so you know why if you were to build wealth why would you and what would be your goal what is it you're trying to do with the wealth um so if you're married with a kid you'd say oh I'd love to change my family tree you know I'm the first one of my family to graduate from college and so I'm gonna use that as a way to you know further the the the family

“name and the you know but I don't know what your thing is but you need to have something that's”

a reason a why that you're doing this if you have a good why your motivation is there so I'll recommend a book for you and a TED talk as well that's famous by a friend of my name Simon Seneca Simon has became famous from the TED talk and now he's had multiple best selling books and we've spoken together in leadership conferences he's a wonderful guy the book that made him famous in the talk that made him famous is called start with why start with why and so you have to

have a big why for scratching and clawing and sacrificing to win otherwise you'll just be mediocre and in America today it's very easy to have a really high quality life and be average in mediocre and not be all that you could be the enemy of excellence is not is not laziness and all this the

have to develop a why I'm just like thank God it's Friday oh God it's Monday coasting coasting yeah

“yeah so you need a why you need a reason that we're doing this and if you've got that then it'll”

get you up in the morning and money will be a natural result of that yeah and usually the motivation and the why if it's something that can be taken away like a I'm doing it to buy a type of car I'm doing it for this thing that can feel very shallow very quickly so those things that money can't buy you know I'm doing this for my family I'm doing this for security and peace I'm doing it like

unity mean like those doing this things are great someday I want to give away a million dollars yes

the general you know someday I want to do this someday I want to do that and that's your driving thing and it becomes a goal your why becomes a goal and then you begin to break it down year by year and go okay this year I'm going to make this much progress towards that goal next year I'm going to make that much progress was that going so on and you a little bit at a time you get there and that'll also keep you away from things that are harming you if you have a good enough why and so you know

you'll cut up the credit cards and get rid of the little $5,000 worth of debt that's just kind of that's just disorganized and lazy all that is organizationally lazy not not work ethic lazy

Mitchell is in shadow no go high Mitchell how are you good thank you guys for taking my call sure

I'm going help so my wife and I are planning on moving in the next 18 months but we're planning on moving to a different state to be closer to family so my question is how do we tackle that large of a move for context we have 85,000 to lift on our house and it's worth about 350 so our plan would be to take the equity from the house and use that as the down payment towards the next house but if we if we don't sell our house and but find one in the next state

and vice versa if we have somebody wanting to buy our house here but we haven't found the next house what do we go about with contingencies I would that work um well before I

worried about that I would float chart this and say we are moving when these things happen and not

until and I don't know what these things are but the two that come to mind could be the house sales and it could be you have your new job lined up there you didn't mention that you just said we want to be closer to family you didn't mention I've got a job lined up do you I will I work remote and I can work anywhere so the job will just go with me okay that's easy then

“okay so the only thing keeping you from leaving could be the sale of the house you could just”

sit there until the house self and then if we sell this house would be would it be smart to do at least back while we're finding the house in the next state I mean if you can delay the closing that's fine if you end up you know what I would do is when you put your house on the market I would begin shopping houses there and say this this neighborhood these four houses in this neighborhood would be great any of would be great and if our house sales were immediately going to

make an offer on one of those and we'll set them up for closing two days apart and and you can make that happen or you can you can you know set up a if the buyer is willing on your side to let you live there for a month while you feel around and find a house it's fine but I think you can do your your footwork especially if you got family over there and you maybe live there before yourself I don't know you kind of know some of the areas already that you're thinking

of go over there and look at go physically go visit the houses like you're looking for houses because you are and only you're just not putting in an offer today and then don't get all hot and bothered and buy a house before your sales that's going to get you into a mess at least don't close so yeah so now so that I actually did this a few years ago we ended up it was a two step procedure for us because we were going to build and obviously we didn't have time to build while

we sat in the old house right so we bought another house but we had already shopped that neighborhood before we put our house on the market we put it on the market is sold and we made offers on three different houses in that neighborhood and moved about one of moved into that neighborhood and you can do that kind of a thing and you can also put a contingency offer that's contingent upon the closing of your old house and you don't have to close on the new one until

the old one sells. I put this hour of the Ramsey Show in the books we'll be back with you before

“you know it and 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.