You Don't Have to Stay Stuck

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 in your studio.”

This is the Ramsey Show. So today we're going to do a little walk down memory lane for those of you that've been with us for a long time, you'll recognize a lot of these things and if not you're about to learn something you didn't know. I started this show on a radio station that was in chapter 11 bankruptcy and I agreed

to work for free. It was called the Money Game and I told the guy if we're really bad you can cut our pay in half and we were really bad. It sounded like Daryl and his other brother Daryl doing a radio show.

“Daryl Ramsey and his WWT and it's about how it sounded and we started that in January”

I'm sorry June 25th of 1994 so we're coming up we'll be coming up on our 40 year here before we know it or 1992 I'm sorry 1992 we'll be coming up on our 40 year here in just a few years and later on a company called Gaylord that owned Upperland and still does own Upperland hotels and a bunch of other things they own some radio stations at the time here in Nashville and they bought the radio station out of bankruptcy and agreed

to keep us on the air because we had good ratings and we agreed to continue to work for free but we owned the show and we began putting it on other radio stations called

syndication and I talked to our first radio station and putting us on the air in addition

to Nashville we had really good ratings in Nashville and it was an Oak Ridge Tennessee small

“little AM radio over there I think you could probably hear it maybe one block away from”

the radio station but certainly in the parking lot of radio station you could hear it and then I picked up the phone and called Treveka Nazarene University which is a local Naz University and we had some team members that come from there that were excellent and said hey do you know anybody in the communications department or broadcast department that's looking a young go-getter that might be looking for a job I'm getting ready to hire

our first producer because the producers we'd had up to that point all worked for the radio station and I needed a new one because now we were officially syndicating and ended up hiring a young guy at 25 years old named Blake Thompson Blake is celebrated yesterday 30 years with Ramsey started as our very first producer and it made told me about a year and a half ago that he was going to retire at 55 years old on exactly his 30th anniversary here at Ramsey

we've got a thousand team members we've never had we've had people retire here many times

we've never had anybody last 30 years Blake you're it Blake's the first one to make it 30 years

so and he's an integral part of the show being what it is from those early days and so we're going to take a couple segments and go down memory lane with Blake congratulations on your retirement well thank you it's been a wonderful last two weeks the way you've honored me and celebrated and all the fun things it didn't hit me officially until yesterday when I was coming off the elevator about to head out to have lunch with our president Dan Ramsey and the whole team was on the floor

clapping me out and I just lost it that's when it really hit and goes this is it yeah for real yeah for real well talk about the let's go back to that first day the professor at now at the Nazareth University called you yeah so I was in a I graduated from Trevek in 1993 and proposed to my wife Tanya right when we after we walked the stage we both graduated and then life it it was just like college was a blast date and Tanya goofing off did radio I thought I'd just keep rolling right

into that in life but I was married and had a place to live and had to support her so I got a job setting up these copy sites all over Nashville at these law firms and I worked my way up I started to manage in a bunch of them but I hated the job I couldn't stand it it wasn't a job where I felt like I look forward to going to and I didn't feel like my work did anything that I could see did something for someone well you were going to law yours that's right oh my gosh but anyway I

had a group of guys around me that prayed and one of the guys that led that thing was a my professor at Trevek has husband who took guys like me and said hey let's let's support each other and find the right thing for each other and support and pray for each other and on the worst day of my job

by far first of all Tanya used to like Friday Blake but new on Sunday afternoon Monday Blake was

it was a Monday I get a pager goes off and I finally get to the phone two my people didn't show up

I've been running like crazy and it's a Trevek a number and I called it and I got a hold of my professor Lina hey guy who's still there she's celebrate 38 years this year said Blake have you heard a Dave Ramsey and I was like I don't that don't recall the name she said how about the money game

“because that's what the name of Dave showed the time and I said yes I've seen that advertisement above”

the year and all my favorite sports boy I go to and she goes listen to me this is what you've been wanting this is perfect for you it's ground floor his stuff that he teaches me and my husband Steve the guy who's been praying for you it's changed our life we're dead free it's it's crazy so

you can go in there work with him if he hires you and you'll see what your work actually does and this

is like 1996 yeah and now our hiring process you know you go through different tiers board and all that because we want to hire thoroughbreds and not you know donkeys back then it was Dave and so I met one-on-one Dave in his office twice and he sold me on the vision he told me though he said hey I'm not going to be able to pay you what you're getting now because we do everything debt free but this thing is taken off and I need someone to come in here not a board off that's

smoking and getting $10 an hour every break and could care less who's on the phone I need someone to work with me and make this money show main street because money shows wall street and you know you're scared to listen because you're embarrassed you don't know they answers to the questions but Dave was already teaching the way FPU at that level where people got it he just wanted to now note he knew that natural would the only place the phones were blowing up this is a problem all

over the nation yeah so the black took a pay cut from 26,000 already made 10,000 so I got paid $18,000 a year and 1996 worked out though oh gosh yeah and you sold me yeah I'm retiring 55 55 but yeah you you sold me on the vision and it was exactly what I was looking for at the time of being on the ground floor working with you and doing that but yeah I don't want you to miss I started listening naturally not having a ton of debt but all the calls I would

“screen and run the board and I was like go in home in Tolentania this is I think this is a”

real thing we should do this and now it's we only hire crusaders and people right that but then it was like Dave was just getting people who will willing to do the work and come in here and bust it with him but it got on me quick and Tanya quick and she was naturally that way anyway yes and I'll tell you the reason I can go at 55 and go on to the next half of my life to do some other stuff is because what he taught I started at 25 yeah it works yeah and for those of you

you know we we said this to our team I guess it was last Monday was the staff meeting but it is true when you look back those of you listening and watching right now like it would not be this show where it is without obviously Dave but Blake Thompson and Laura Johnson I'll throw you in that they were the three at the beginning years grind it out and and you too knowing each other so well in the relationship you had of how to build something like this and it continues to go because of you Blake

so excited well we'll keep chatting because there's still some fun fun memories of the of the early days thanks for having hey George Campbell here a few years ago someone stole my identity and let me tell you that is not a quick fix it takes hours on the phone piles of paperwork and a whole lot of stress trying to untangle the mess and even after that there's this nagging paranoia because your information is already out there

“and the truth is you can do all the right things and still become a victim that's how common”

identity theft is and that's why I'm glad I had zanders identity theft protection when my identity was stolen their team stepped in right away they were monitoring my information and caught the issue and their U.S.-based recovery specialists help handle the calls the paperwork the clean up so I didn't

have to do it all on my own zander also includes up to two million dollars in stolen funds and

expense reimbursement and with the family plan your kids are covered for free you work too hard to let identity theft steal your time your money and your peace of mind so go to zander.com to enroll today or call 800-356-4282 so we're taking a couple of segments to honor Blake Thompson our

all these retired yesterday from Ramsey after 30 years here and we got have gotten hang out together

looking across the glass at each other doing a three-hour show for gosh 15-20 years yes I

“doing that and so and then later on and I think it was in 2013 or something like that we brought”

James and as a producer and that was a shock to my system because I'd worked with the only one guy on the air and James has done a great job stepping in and then Blake has become you know one of our top leaders and he runs all of Ramsey networks so all of the anything that goes out of here on digital anything or on radio anything has been under his purview for many years so all of the shows on the show the Rachel cruise show the smart money happy hour show the John Deloni show

when King Coleman had a show over here next door for a while George Campbell's YouTube stuff all the YouTube and all the podcasts stuff is all under Blake's heading until yesterday and now he's unemployed but now he's retired officially but back to what Rachel was saying when you came on board we had that one station in Nashville and a week later we plugged in Oak Ridge Tennessee and that began the process yeah fast forward to today while Blake has been sitting across the glass all over those

years we grew the show and Laura was screening phones and was the associate producer we grew the

show from that to 640 radio stations where the second largest talk radio show in America today

have been for many years we're in two radio hall of flames one of Marconi one all of this and and of course we changed the name from the money game to the Dave Ramsey show but we're probably about 40 stations or 30 stations and one of the bigger stations called us and said you guys are dumb I mean the brush limb ball doesn't have the political game Dr. Lara doesn't have the marriage game

“you need to call it the Dave Ramsey show because that's what it is and and I think and then people”

understood and only helped our branding at the time sure but I think one of the funny stories that you told last Monday was about when you when you guys had to call the stations that you were on but it had to be long distance land lines yeah nowadays we're on the satellite the radio part of this you know YouTube and podcast is grown so big for our brand but radio still so important to us we're on the satellite 24/7 it's just going so you can just plug in listen to radio stations back

in we had to buy these little comrades boxes and put them in the closet at that WTN studio that we would drive 40 miles round trip me and him every day for like three years so we paid cash for our own studio but when we syndicated put that thing in it was like dialing and I phone and I had to remember to dial Oak Ridge and hang up Oak Ridge and the end of Jackson Tennessee still with a Jackson

Tennessee oldest on the currently on the network right there were the third station Russell Volkentucky

is the second but as it yeah as you'll start chipping away back then which is just so funny to think about and I remember Blake you I mean I was eight years old yeah when you started yeah my first interview actually the official when Dave offered me the job was too face to face and then me and Tony went to dinner with Dave and Sharon and in the booth behind me during my interview was a eight-year-old Rachel Cruz and a four-year-old Daniel Ramsey who's our president and

your sister and he was probably ten and she runs the whole foundation yeah and we were there

“that's what makes me feel that's weird when it hits me weird yes well but it's it that's the that's”

the the wonderful part I feel like of when you run so closely in business business and family overlap so much your family Tanya even your mom Martha was part of Martha's place back in the old building uh if you listen to that that was that started everything that you see today if you come to Ramsey Solutions headquarters that all birthed out of Martha's life so that's right and she still gets recognized on the street that's Martha yeah yeah she has she's a rock star

but it is it's been such a beautiful legacy Blake that she've left not only from this show and all the work that you've put in all the years all the Dave rants all the who knows what when lines I'm sure were hung up on accident Dave you know I can't imagine this is a country accent I can you went through that so we could get hey hey he went and he went out and he had a voice coach from a broadcast because we couldn't get about Kentucky and then when he did it he was willing to do it

I guess why we ended up in New York I learned how to say I just instead of ask I had to learn how to say going instead of going and uh yeah I had to learn to tell like what I had a lot of these guys like what double water these guys broadcasts from you know my show really the legacy that you left Blake here and your family and all and it those of you that

Dave gave me a book even back when I was 25 besides his own book financial piece a half time

“by Bob Rueford about hey if you do this right you don't have to just uh 75 a go fish now and golf”

sit around you can actually go to a second half yes what do you go through a career 30 years and now

the second half I'm doing a bunch of things I'm helping bring major league baseball the national stars to Nashville that's just for fun but I'm still going to Pakistan free and slaves and I'm working with a buddy who sold his business for a lot of money and he saw the work I've done even through Dave because he gives us time off paid to go do that kind of work hey you've been to Africa you've been to Haiti all this we want to give more internationally we have a lot of money to

give can I hire you now that you're retired to go give my money away I leave in two weeks for Africa so I'm going right into it so I'm not sitting around I'll be doing something which continues

“on who you are that's right but it's almost never happened because of those comrades boxes oh that's”

right so we played a prank on Blake because he's so easy to mess with and um he came in Monday morning and uh John was running the radio he worked for Blake work for him technically in those days and John called him into the office and he says and I'm sitting there too and he says Blake we got a real problem um you forgot to hang up the phone on Friday on those four comrades boxes and those are all long distance lines and so by the time we found at the long

distance charges are $10,000 well we didn't have $10,000 he knew that would put us out of business

oh what I say first I said oh please don't let me go I will sell your book door to door to

let's pay off and then Dave couldn't keep a straight face he was gone laughing oh I'm not very good I can't play poker and I can't hold a straight face in a practical drug so I started I started cracking up because I fell sorry for him but for a minute there his stomach went this throughout it was great he did hang him up but we messed with him anyway yeah actually you

“didn't somebody else found him and hung him up and that's what the reason the reason to do it but”

so the other thing I want to make sure we don't drive by as what Rachel was saying before we went into that last break and that is during the time that we've been on the air there's been a lot of talk radio people come and go and they were going to be the next big star and they last they flame out in two years so they were going to do this and they weren't they they say something stupid on the air and lose their career um whatever and their character just does you

know they're hard to work with behind the scenes they go out very few people hang around broadcast or of this type for this many years it's very unusual and what's even more unusual is that I had the same the three of us and the booth the two of them and the booth and me across the glass for almost 20 years before we changed a thing and the chemistry that was created by that consistency the integrity of that consistency and the loyalty I could look across the glass and

look at Blake and he knew what I was thinking and he was thinking like we're looking I'm talking to a caller and I'm looking at him and he goes okay we got to get rid of this and this is going sideways and he could he we could just know what the other one was doing and the quality of Lara pulling the right calls in Blake training her and the comedy bits you used to build out we're hilarious and this is some of them just about got us in serious trouble but they were pretty funny

and that chemistry I I'm almost positive this is correct when I say it that no other show in America during that 40 year period of time had the same crew the whole time much less the same host right but I mean the same crew and that consistency I am sure because I know a lot about business and I know a lot about branding and marketing I am sure that consistency is why this show is where it is today it's because of you so I love you brother the partnership proud of you proud of you

I'll be the number one fan of this don't like for rest of my life thank you we love you so much thanks for the opportunity Blake Thompson celebrating 30 years y'all give him a round of applause out there , hey guys George Camel here if you run a business

your phone is basically your cash register and every missed call is money you didn't know you lost

and miss calls slow replies customers who moved on before you got back to them that's not a

quote spelled QUO is the smarter way to run your business communications quote helps you and your team

“share one business number so you can reply faster and stay on top of every customer conversation”

nothing gets missed and every customer gets a response because look you didn't start a business to spend your days playing phone tag and digging through text messages you're the owner the operator and the closer so you need a system that keeps up with you quote works from your phone or computer it logs calls summarizes conversations and gives you next steps it's like having an

assistant who never asks for a race so try quote free plus get 20% off your first six months

at quote.com slash ramsy that's QUO.com slash ramsy always say hello with quote Braxton is in Huntsville hey Braxton welcome to the ramsy show good afternoon how are you guys better than our deserve how can we help may and my wife are about 26 we just recently started following the baby steps kind of had a few things out of order to begin with but I wanted to call and get your guidance in a

“opinion on I think for house broke but we're not struggling and I want to get your opinion on it”

okay how much is your house payment? 4600 and what's your take on pay?

take on pay between me and my wife is 11000 okay and is that as 401k coming out before you get to that number or health insurance coming out or just taxes the health insurance is coming out for my wife and then 401k coming out for both of us you know through our employer and that gets you to 11000 yes sir okay so you would add those back to do our calculation because our calculation is after tax take on pay only not your investments and not your insurance okay and so probably taking home in

that case at least 13000 right I mean if we looked at just after taxes does that make sense?

yes sir okay I'm guessing but I'm gonna be a little off and so for that purpose is then your

payment is 40 35% of your take home pay so it's not as bad as it sounded initially but it's still high the thing the reason we tell people to be a 25% Braxton of their take home pay is it gives you room to save and invest and be generous when you've got a high house payment as a percentage of your take home pay economists call that house poor you called it broke but it's house poor as the is the phrase you're not broke you're doing great you make a lot of money congratulations

and the trick is to just make sure super sure that as your income goes up that you guys don't slip into car payments and you don't slip into borrowing money for a trip and you don't an emergency comes up and you don't borrow money for a new heat and air system so you've got a good emergency fund in place you stay on budget but you just you've squeezed yourself with a higher house payment is what this means it's not in your case it's not so bad

I would say sell the house but you're got to be careful okay do you guys have a lot of a consumer debt did you say or you guys are debt free we are almost bit free we've done a few things out of order my wife had some student loans around not 10,000 and we know we had a small credit card from when we went to purchase our house I didn't have enough credit so I had it

“could get me started so I got I think around 3,000 on it and it's gonna be paid off the next”

paycheck good and then we paid our student loans off we paid cash out of here I paid my truck off we bought her foreign cash but so so you'll be free at that point and the trick is again to be doing your every dollar budget and the two of you be very intentional and careful with the margin that you do have because you're squeezed and when people are squeezed they end up one well with the car broken I had to buy a car and you know and I wanted to go on this trip

I really wanted to go on this trip and these are the people that call us later and they got a mess on their hands you know what I'm saying yes but if it breaks in from your numbers you guys should have around 7,000 after the mortgage is paid is that right yes yes okay which up until now recently only you know buckle down and sort of doing your steps in order they wasn't kind of really tracking that

keeping up with it and that's a lot that's a real accurate what you just said yeah okay that's great yeah

“okay we don't need you don't try plenty yeah absolutely for sure for sure in your income we'll”

continue to go up larry is in St. Louis say larry how are you not doing well thank you so much for taking my call sure what's up I am 61 I have been 62 who both work my direct question would be we had to take out a heloc within this last year the amount that we could charge or whatever to that is 30 we did not want to do that we just wanted to do the necessary things which equals right

now about 16,000 we pay obviously on interest it's 7.25 and I always pay some extra aside the

heloc we have a car loan approximately 19,000 left we bought the car used a year ago that is at 6% since those two amounts are fairly close I have just discovered you and your show about a month ago I have already paid off our small amount of credit card debt that we did have I told

“my husband let's take our cards out of our wallet we're not going to use them anymore good for you guys”

got you know I got the every dollar app last week I put in all the numbers I even wrote it on paper just to make sure I got everything in their correct and we do pretty we live very simple we have a small very small 900 square foot home and it's just him and I and

was the house bed for no he just bought the house 10 years ago right before we got married it's my second

marriage what's your house all in come we make we bring home about 3600 a month that is both of us working we did make a little bit more but a few years ago I was diagnosed with lotus and father my aja and so it really limits what I can do however I do clean for a living now and so I have some businesses in a couple houses that I take care of and and he helps me he he works full time that a music store and he also plays to make extra money so to answer your question

the two they're both 19,000 which debt goes first it doesn't matter they both need to go away and so just pick one up and attack it whichever one you know you can you know I want to get rid of the highest interest rate or I want to get rid of the highest payment I'd probably

want to get rid of the highest payment first because then that frees up that payment to attack the

other one with but you know and I'm going to sit down and go okay how much extra work can we both do to add to this 3600 because that 3600 numbers low let's scary and we got to get that number up and because we got 38 thousand dollars we got a clear here and if you only do a thousand dollars a month that's 38 months sure yeah there'd be hardly 26,000 or 2600 I'd Lord do you guys have retirement? No no look if I if I would have discovered your show and

I know a lot smarter earlier in life I got taken by my ex husband quite a bit it was a horrible marriage and he didn't put me down we had our own business and so he really messed me up for even social security okay so that's exactly what we would do then we would tell you to attack those two dads pick one attack it with a vengeance increase your income anyway you can that's reasonable and then I'm going to add one more thing okay you're new to all of this all right

“but the language that you used around the car purchase and the heloc you need to go revisit”

that place in your heart you made it sound like there was no other option except doing those two things and I don't even know what you used the heloc for unless it was to save on unless it was to save someone's life you overdramatized it when you presented it to us yeah well the chimney was crumbling when it was falling apart you're broke you don't need a nineteen thousand dollar debt you figure it out next time no more debt yep no more debt you got to stop you can't have a big enough

reason ever again to buy a car or fix a crumbling chimney ever again gotta be with cash I agree that's the other part to this in my brother my only brother had died about four months ago he did have life insurance thank goodness I took care of him and what needed to be done and then out of that twenty five thousand I put in a CD I'm what you said for twenty five thousand should I pull that yes you ought to pull that out and pay off one of those which are the nineteen are we're

going to pay off the heloc is sixteen and a half and the car is nineteen okay which one what's the payments um the heloc is seven twenty five and I only pay on interest but I also pay more which

and do that today yeah but the big thing Larry is you have to rewrite your money script like

when you said pull the cards out of the wallet that was awesome that's a rewriting your money script I don't have to live credit cards I don't have to use debt to fix a crumbling chimney next time either we got to fix that because otherwise you'll go right back in (Music) let me tell you something I see happen way too often people fall behind on their bills and they wait

“they hope it will work itself out it won't that's why I recommend guardian litigation group”

here's the deal if you've missed payments collectors are calling or if you're getting letters

threatening legal action that's not something to ignore that's the moment to deal with it because when you do nothing it escalates they can take you to court and if you don't respond they can win by default and that gets expensive fast guardian litigation isn't a call center they're an actual law firm from day one you're assigned an attorney to represent you so if things do escalate you're not scrambling and you're not hit with surprise legal fees guardian litigation

only gets paid when the debt is negotiated and you accept the settlement offer this isn't about

“shortcuts it's about dealing with the problem before it gets worse go to guardianlit.com/ramsy today”

that's guardianlyit.com/ramsy today it's any advertising results may vary in no specific outcome is guaranteed one of our favorite things is when someone sends us a note sharing how every dollar is working let he says love this app it makes it super easy to budget with my husband we've been in it we've implemented this practice since our wedding day and we've had zero money fights oh that's impressive

because there's full transparency and we're on the same page hey guys that's amazing

if the number one thing we fight about some money and we can solve that with the every dollar app boom boom one less thing as for scum said oh go go download the every dollar budget app for free in the app store or google play andru's with us in Nashville high-endru how are you hey Dave how's it going better than I deserve what's up hey so my question for you is I have this urge to do get go buy a new car I've listened to your show a lot I know it'd be very dumb to go you know

really finance anything especially something like $30,000 or whatever whenever driving car that works it gets me from a to be I've been paying some personal loan debts off payments between family and one from the bank the one from the bank was to clear my credit card debt to get rid of those and I'm real close about 4,000 to paying those off good for you and my catches my catches I could just go sell my car for about five get rid of those payments and then

you know pay like you know three four hundred bucks for a new car but then that's extra debt tacked on and it's just something I've been struggling with yeah how old are you I just turned 30 okay and are you single yes what are you driving now now I drive the 2011 Acura to TSX who is my parents old car yeah okay the hand me down car yeah what do you make a year answer oh so I'm a server I it's hard for me to say like this is my salary because I just get paid

every day but I have my budget and I'm able to at least pay all my bills in my debts I mean what

“do you typically take in on a month about 3,000 okay all right cool well I think your question is a”

little bit philosophical as much as it is actual you know what to do type of a question it's like you know I'm really tempted to buy a new car because I'm driving the hand me down car I'm a server I'm tired of driving a hand me down car and I'm about to clear my debt so I feel like I you know I'm knocking it out here I feel like I'm you know I could knock that out by selling my old car and get to get out of that faster in a sense but then turn it and go back in 20 times more debt

so a couple things come to mind when I'm dealing with any kind of thing and I'm trying to learn

little wins and you practice it and if you do it a long time it becomes a habit and then you don't

“have to think about it anymore it ought it's autopilot then okay and so one of one of the ways I”

changed because I had the same tendency when I was your age that you have was I had to start the one of the disciplines I said was okay one of the things I learned from wealthy people is wealthy people make decisions based on how it's going to feel 10 years from now poor people make decisions on how it's going to feel today and so you know poor people go thank God it's Friday oh God it's Monday and rich people involve themselves in a career or a business where they're thinking long term

so the way that we translate into your situation is you say I I'm going to ask the 10 year from now version of myself if this is a good idea and he's going to cus me out and say it's not right the 10 year old 10 year you said you're 26 or what you say 30 30 you're 30 so you're going to ask the 40 year old Andrew is buying a 30 thousand dollar car when you make 30

“make three thousand dollars a month as a server a good idea and the 40 year old Andrew is going to”

cus you out Edney I mean you know it's stupid but I just ask myself is in other words is this a good long term play and if I if I gauge it most money things that are smart hurt in the short term and are awesome in the long term and most money things that are dumb feel good in the moment but are dumb in the long term which is buying this car it feel good right now to have a better car and be rid of the debt all in one fell sweet but you got a bigger debt and it feel good

right now but long term it's dumb and you know that you said that okay you're just asking

how to process it in your brain yeah and the car is always an interesting place for people

especially because I almost becomes our identity like the thing that you drive makes you feel a certain way makes other people think about you in a certain way and so there's a deep level of humility more Andrew and wisdom to say I'm going to drive the paid off 2011 Accura and me down versus getting my ego boost a little bit in a nice car pulling into the parking lot and feeling good but you would be the classic example of you know you'll look like you're

doing great but then you actually open up the finances and you're like oh you make in a year what that car is what it costs and you can't and you couldn't afford it you know you what they call it what they call in Texas big hat no cattle yeah so there's a there's a part of that contentment piece Andrew that's so big with winning with money a long term and I guarantee you if you say to yourself you know what everything in me wants this and it makes sense why I totally

get it but I can't afford it but I don't I can't afford it but I don't make that kind of money to go and buy that kind of car right now so I'm going to say no to myself now I'm going to make it a goal to buy something in the next five six years and then I would have a career conversation with yourself too Andrew to think okay the 40 year old me what do I want to what do I want to be what

do I want to do can Coleman's book find the work you're wired to do is amazing and actually

if you hold on the line Andrew Christian will pick up and we'll get you a copy of that because there's an assessment in the back of that book that really helps direct people from a career aspect

“and that's what I would want for you Andrew I'd want you to be 40 killing it paying yourself”

that car payment right now to save up cash for a car so that you can be doing other things with your money to give you your money away car payments and an asset that's you know an asset that's going down in value and paying interest on it only about exactly exactly exactly so yeah just um you know it kind of goes with a study that I read a long long time ago when I first got on the air and I've seen read I've seen new versions of the research but not not in detail but

they in the study they asked people um what you know what it felt like to delay pleasure and what they found was this high correlation between people that were able to build wealth and those that are able to delay pleasure and scriptures as godliness with contentment is great gain in that contentment causes great gain now that could be great gain in your soul and peace it actually could be in your wallet that being content keeps you out of debt being in content

keeps you in the position to save being content allows you to be generous these are all things

that are precursors to building wealth so contentment is actually probably the most powerful

shinier bigger better thing out there a hundred percent and if you keep chasing it and keep chasing it the finish line moves and that's where that's where the money and identity piece is

always fascinating you kind of start to pull that string how much of our identity is wrapped up in

what we what we are income what we have what we spent like they're so much in it and when you eliminate all that and you just like press pause it makes you actually deal with yourself

“breathe it makes you deal with yourself more than anything and I think that's that that's a”

healthy place to be because unhealthy people that build a lot of wealth I saw you I saw you across the other day and I loved it um was that if I buy this and no one ever sees it but me do I

still buy it yes and so in other words what who is it we're buying this for and so I used to buy a lot

of stuff for other people to see because I was a shallow little twerp and I was all worried about the way you know you looked at the car I drove or the suit I wore or the watch I had on or whatever and I have this fabulous benefit of having gone completely bankrupt and broke and it burned with a hot fire a refining fire all of that out of me to the point that I really just don't care at all what you think now and that's actually a precursor to building wealth

if you've worked hard to keep your car running the last thing you want is stress when you're

running the kids all over to summer activities or loading up the family for a well earned vacation

“that's why I trust Christian brothers automotive listen most people don't worry about their car”

just because it's older they worry because they don't feel confident about what's happening under the hood or who's working on it and that kind of uncertainty can turn a simple trip into a stressful one real fast but Christian brothers is different they use digital vehicle inspections so you can see what your technician sees know what needs attention now and what can wait and make decisions without the pressure that's how you protect your time your money and your travel plans and Christian

brothers stands behind their work with the nice difference warranty three years or 36,000 miles

“whichever benefits you more so before your next trip take care of the car that's taking care of you”

go to cbac dot com slash ramsy to schedule your service and get 10% off your visit that's cbac dot com slash ramsy 10% off up to a $250 value c stores for details welcome back to the ramsy show and the fair winds credit union studio bill is with us and Birmingham hey bill how are you hey Dave thanks for taking my call sure what's up I need some advice on on taxes as far as getting advice from a tax expert or tax person same like my tax bill

keeps going up and my income is staying the same and so I didn't know I needed a tax pro or or just a financial advisor well I guess it depends on where your money's coming from what what is your income coming from investments or from working it's well I'm retired and I draw about 26 thousand a year and then my wife is draws a page and but she also works part time and what is she make uh she makes so she makes about 60 a year okay so you've got a 86,000 dollar household income

page and about 20 so our total is is about 110,000 okay I don't think in the last few years on that income that your taxes should have increased they should have decreased the changes in the income tax system under President Trump have been favorable to you people in your situation you

pop a tax service for almost 15 or 20 years now and they have just retired so

“I'm going to look yeah I think if you want to know who we recommend that's very easy we've got”

endorsed local providers in the tax world people that we have vetted and we know that they're good and they have the heart of a teacher and when you sit down with them I don't want you to just ask them do your taxes I want you asking to teach you what what it is why is it that my taxes went up I don't think they should have would you all look at that with me you may be able to go back and file some amended returns in the past and get some of your money back yeah how was the what was the

increase bill for you right now we're we're paying annually about 11,000 dollars a year

and taxes doesn't sound doesn't sound that far off but um and so if it increased it didn't increase a lot then I mean it may have increased a thousand or fifteen hundred bucks or something as I would you say it's going up well I know I had I had right off some pack stock lofts but even still it's it's going up at least five seven thousand dollars or no I'm sorry about four thousand dollars over the last well I mean I think you probably could get into your exact income and where your income's

coming from and what right off you had and there might have been some changes in your income sources that caused that it could be that your tax people were off the or weren't we're a little bit lazy and we're watching so having some new people look at it is a bad not a bad thing but as you're doing that I want you to be learning so when you sit down when I sit down my tax pro and I have one

and I'm I'm filling out the stuff I'm you know getting return in returns I'm always asking okay

how do we get this word this come from why is this doing that and I want to understand I'm not going to be a tax pro I don't want to learn it that much I hate I hate the stuff it pisses me off first I'm going to do it Winston does that gets mad no gets into all the detail he likes it yes

“he likes he likes yeah but yeah you need to understand it enough to know why this happened and you”

go over this you know this we didn't have this tax right off on the stock loss or we did have that year and we didn't this year and so you know you need to know what's going on why you've got that situation and it may just define why you're mad but you know but at least you'll know we're trying to go on and you know it's not the unknown is what kills you so yeah go to ramsysolutions.com click on tax professionals and we've got up you know a list of professionals that will sit down

with you with the heart of a teacher and they're going to do stuff consistently what you're here are here on the air and interview them like you're hiring someone because you are and make sure you are actually that they don't sound like Charlie Brown's teacher to you you know wow wow wow

“it needs to make sense when you meet with them you need to know something that you didn't know”

before you met with them that's called me in the house that means they have the heart of a teacher CJ is in Tampa high CJ how are you hey days make sure yes better than we deserve what's up so we are projected to finish step two in September step three and probably no number but my question is about step five we have a fifth grader and a seventh grader and I'm curious if it's too late to start a traditional five to nine for them or should we just start putting

money into like a high yield savings or or how should we handle that now I mean the the seventh grader will have still probably six years right that the money could be in the market for growth so I would definitely say no it is not too late if I've 29 still a great option at that point because of just the tax advantage everything that comes with it for college and so there's there's still plenty of years for growth in it the the 529 the only benefit to it is that it grows

tax-free the tax the growth is tax-free so I mean if it grows $10,000 and you get that tax-free instead of paying $3,000 in taxes on that $10,000 growth then you know that's what it made you it made you three grand and that's probably what we're talking about it's not gonna save you $30,000 but it it does grow tax-free and if you're gonna use it for college then you're there so um but and no

529 I would use something like just an S&P 500 index fund in that case or get a brokerage account

“with a smart vester pro and just start dumping some money in some good mutual funds and let's”

get that thing growing the big thing is get it growing and then the 529 only answers the question is is the growth tax or not that's the only benefit yeah but in six years and we obviously we can't predict the market this year is not doing it's great but the last couple of years I mean yeah if you get any great years of 20 something percent returns yeah you're gonna see that money growth right that's not a normal year but we've had several of them in a row so um you know if

you had not been in the market for the last five years and instead been in a high yield savings

the difference would be huge then we added up a few it wasn't like a hundred percent like a hundred percent growth in the last five years yeah you're money would have doubled in the last five years if you were in the market versus in an HSA you would have made 4% or HS high yield savings account so um yeah yes I would use the 529 but main thing is get it in some good mutual funds to get it growing that's the main thing

“Hey guys George Camel here two things you should know about me I love a good movie and I hate”

overpaying for things an angel just checked both boxes they've got a new movie called young Washington the story of George Washington's early life as a soldier before he became a founding father and whether you're a history buff or not this was a gripping entertaining thrill ride of a pretty cool to the guy in the dollar bill I was on the edge of my seat the whole time now here's where the math gets fun a premium angel guild membership is normally 20 bucks a month

but as a ramsy fan you get 25% off so it's just 15 bucks a month and that membership gets you two tickets to young Washington in theaters along with tickets to future angel theatrical releases and access to their family friendly streaming library two free movie tickets every month

“I ran the numbers the membership basically pays for itself before you even touched the popcorn”

so get the deal and go see young Washington in theaters this forth the July to celebrate America's 250th birthday sign up at angel.com slash ramsy that's angel.com slash ramsy Bob is in Houston they Bob how are you better than I deserve Dave good what's up so great to talk to both of you quick question um newly married we are baby step millionaires we are death free and we're getting ready to change our lifestyle we're in one of by a cadmaring

sailboat and move on to it and live on that I was wondering if your house principles with 25% of your take home in a 15 year mortgage or less we're hoping to pay it off in five years if that is still applies to even though a boat to depreciating asset no boats a toy and no I would pay cash for it you got so fun Bob we're all going to keep the cadmaring or where would you we're going to use the east coast as our thermostat and be in the Florida and the Bahamas November through March and then

start as the first getting hot start moving north and then like it's hot I will move for the north

that is so cool so what is your network hey Bob what's your network okay and what's the cadmaring cost 650 okay and what are you going to do with your present residents well what I've learned with the marine mortgage industry is they will not give you more than a hundred thousand if you don't own a home because it's very difficult to have that what I asked what you're going to do with your house we are going to keep it for like six months so we can get the loan and then we

are going to liquidate it once the mortgage company satisfied that we don't have a house anymore why don't you just sell it and pay cash for the cadmaring well because the timing and you know we want to get the boat this November and we're going to we have a kid in school until next June so we're going to have the boat in the house at the same time for about six months home right 52 52 oh wow well could you just continue keep working could you just pump the breaks for six

months get the kid out of school sell the house and then I think the bomb is I think the bomb is

sorry I don't know my meaning already about a six month reset when you buy the boat to get to

to be a home where you got to put solar panels on a water maker so that's going to take some time less way we can live in our house while we're working on the boat and you could live in a anything when you're working on the boat and it won't take six months either I'm listening you called Dave Ramsey and Rachel knows you knew we weren't going to tell you to borrow money on a boat so I'm just trying to figure out why to help you live this dream is cool I want you to live

the dream but just want to pay for it he had a legit reason though thinking this is going to be the primary home it's not so I know but it's I know but it's not it's a boat okay now I mean it's a

catamaran and that's it's good I'm glad you're doing it I want you to go do it but I just want

you sell your house don't you pay for you don't have liquid assets enough pay for it other than their house that was that right uh we have about 250 thousand saved up so we're going to put quite of it down I didn't know what I asked you avoided my question I said liquid assets that are not in retirement can you liquidate some stalkers for stuff that you're trying to hold on to and just pay cash for an IRA and it's on IRA 401k okay and you can't get to it enough to pay for

the boat unless you sell the house is that right correct okay because you're not 59 and a half yeah hey and I will just throw up this Bob not to be a Debbie downer on any of this but because you guys

“are so I mean you're 52 and maybe the catamaran life is the life for you and that will forever be”

but there is a good chance at like 65 you know you're like oh wow we may want to

be home and have a home and all the things so it's like just be thinking of home ownership in the back of your mind at some point in your life but that probably will be a reality yeah no we're fully planning on that okay cool yeah yeah okay and we're going to be stocking cash away beautiful are you are you going to continue to work from the catamaran you know I'm going to continue to work my wife to work remote and I am an airline pilot so I'll be

flying off the boat twice a month what's your household income six hundred thousand yeah very good well done Bob you know and you know we say not to be jealous of people above Rachel's ready to sign up Rachel wants to sign up for your life right now that sounds so fun what an adventure way to go I'm proud of you you got to be able to do this but I'm not going to tell you to borrow money to do it yeah sell the house and live in an apartment for six months yeah

I mean just a cash flow oh not whatever you can be or whatever you've got the money you make

“600 thousand dollars a year I think you can figure this out but um yeah part of the adventure is the”

relocation before you move on to the boat you're selling the house and you're going to relocate for six months in the same area and you know having an adventure go rent the pinhouse at the four seasons I don't care I'd rather do that than borrow money and so um you know let's just pay cash for it and then yes I would go do this deal thanks for the call one thing about the Ramsey show we're consistent Mary is in Chicago hey Mary what's up why do you pay Rachel thank you

so much for taking my call sure how can we help so my husband I just had your place our entire HX system on the house we just bought in the fall and that wiped out a little bit more than half of our emergency funds you get a home when you bought that house we did we we did expect to have your place it we you they're old why didn't you send you you know we thought we could get a couple markers out of it everything seemed to be working fine but it could not keep up with the Chicago

secret okay all right so you use your emergency fund for to replace the heat in there that we knew that we knew was on its last leg when we bought the house last fall okay but that's

“that's why the emergency fund is there that's why it's great yeah okay and yeah so now we're”

wondering if we should pause our retirement investing or part of it how much was the emergency so how much did you deplete the emergency fund how much money did you pull out about twenty thousand dollars and what's your household income I have so income is about 280 thousand so you could put that back pretty quick without stopping your retirement couldn't you well we run a really mini gritty budget and what you don't you might 2050 thousand dollars a year you could find 20 thousand

dollars well I can find about four thousand a month right now okay so in five months you've

you're can do more like you can do it faster this is an emergency

okay let's our questions like is it right now we're maxing the for one k and doing somewhat of a mega back door as well okay no we don't imagine how many homes not paid for no okay but we're trying to get to the 15% of our household income yeah so the question was

“do we just maybe pause if you if you want to that's fine but I would rather you just cut some”

of your stupid lifestyle and just put the emergency fund back rather than miss out on you

guys you guys bring home what probably 12 thousand a month Mary take home after taxes

take a lot of your taxes if 18 take home after investment and medical and everything is 13 it's 13 okay so I mean five thousand dollars five thousand dollars five thousand dollars a month puts us back in four months four thousand puts it back in five months I would do that for our stop the investments in this situation and and in the future when you had to get a home inspection and they say that the heating and air system is old and is likely to live long go ahead and start

“planning for that because that's not really an emergency that's really a lack of planning”

and so you know if you buy house you got hold to heat and air on it you got to get ready for

that you know that's coming you accepted that when you accepted the house and so in the future when you see something like that build a sinking fund get ready for it so it doesn't sneak up on you because it really shouldn't well they probably thought they still had a couple years as well she said yeah yeah but they save nothing towards it well doing their emergency fund and retirement and they got stuff moving and shaking you know Mary you're either what

what the emergency fund back as quick as you can kiddo health insurance is confusing on purpose you call one company get transferred three times

“sit on hold for forty five minutes and end up more confused than when you started that's why”

I recommend health trust financial their health insurance advisors who actually get to know your situation and help you find the right coverage for your life and your budget health care needs change as your life changes maybe it's a job change the birth of a child a new diagnosis or you're just trying to have more margin at the end of the month no matter your situation health trust financial shops multiple top rated insurance carriers and helps you understand what

you're actually buying I've trusted health trust financial for over 20 years because they help Ramsey fans make smart health care decisions go to healthtrustfinancial.com today and talk to a real person without pressure or confusion that's healthtrustfinancial.com well we wish we could get to every single call and question here on the show and we can't if you've got a money question or a question and you want to answer to your situation

head over to our website and use ask Ramsey ask Ramsey is our free AI tool that is built and trained only on Ramsey content all the data in it that it's searching through to answer your question is all this show the books we've written articles we've written it's all Ramsey there's no no reddit mixed in there to screw up the answer you'll get an answer the same way we answer it right here on the show ask your question for free at Ramsey Solutions.com it asks Ramsey or click the link

in the description if you're listening on podcast or YouTube Austin is whether it's Austin's in Cincinnati hey Austin how are you Austin did I push the record now i pushed the button i missed it okay

your book build a bit of you love yesterday and i'm three years into a home repair and light

“modeling business i started and i think i'm chronically stuck in the treadmill operator face okay i”

seem to have a hard time if i can keep up with everything the field the business side all back and then if i keep up with the business side i can't keep up with everything the field so my question is do you think it be a good idea for me to specialize more in one specific targeted area and then what proper steps would be to move towards that itself man you're in great shape congratulations what a wonderful career field you're making money aren't you you're working

your butt off but you're making money aren't you yeah there's there's a lot of business yeah there's a lot of business good for you proud of you good stuff thank you well as you read there's five stages to business and the first ages the treadmill operator stage we all start there unless you start with venture capital or something but most people start at the treadmill stage and that's where you do everything you're the CEO the chief everything officer you do everything i mean you drive the nails

and you uh... right the invoices and you do the estimates and you fix the flats and you move the chairs everything you do everything because you're by your you're the whole thing and and at that point that there's no shame in that it's kind of invigorating actually because you're you're really

“important because if you don't work nothing happens and so and it's all up to me and i can get”

it done and you're knocking it out and you're stacking some cash and life's good the problem is that

if you don't work because you're hurt or on vacation you're unemployed right because you're the only producer of revenue and the only producer of the service that produces the revenue and so in a very real sense you just own your own job and by the way you're working your butt off too right and you're exhausted it's not sustainable yeah how many hours are you working now Austin uh i try to keep it up fairly we've got to eight months old baby so i try to keep a good

work life balance so like i could be doing a lot more work but i'm trying to keep the right things in the right order but i mean you're still working 60 aren't you i have a lot of time on the

phone and that's medicine yeah yeah you're like you're never fully off you're putting in the

time that that's the nature of the beast and so i remember when we were at that stage i would come home and collapse on the couch and share and say what you do today and i said i have no idea but i did a lot of it and it's right it's woo yeah man all right so the answer to the equation is what do you do to level up to go to the next stage of business the main thing there's two areas one is controlling your time you're already been working on that because you've described it three

different times while i was talking to you so you're already out of the game on that so managing your time and putting blocks of time buckets of time where i do paperwork here i do phone calls and estimates here i do the actual work here and you bucket your time and you get very very precise on

“you know on friday mornings i'm not doing anything that's what i'm doing in voices you know or”

whatever the number whatever whatever the day is okay the second thing is you have to

make the most difficult higher that you're ever going to make in business and that's the first one yeah it's very emotional to hire the first person because you feel very responsible for them it's it's kind of like that eight month old like i have to i i'm responsible now i have to take care of this per they i i promise them a check and i have to do what it takes so they get their check there's a lot of extra pressure on them when you do that and it's very it's an emotional

higher the first one you hire and the second reason is is it's hard to find good people and you're not good at interviewing yet and getting the wrong and you may hire the wrong person and there's pressure on that so it's very difficult but you got to do it anyway and then when you get them if you get the right person and i'm more concerned about the quality of the person's character than i am their actual skills i'd like for them to have both but if i have to choose i'm going to choose

character over skills i can teach skills i can't teach honesty i can't teach customer enthusiasm i can't teach caring showing up for work on time having a work ethic or their daddy should have taught on that but maybe didn't okay so i don't i don't i got time for all that but if if they know i do those things i can teach them how to fix the dishwasher you know i can teach them how to build a deck do you think it'd be smart to hone in on kind of one specific service that way i

can because estimate or a nightmare for me because every single job is different there's no like well i think if you'll do a little bit of accounting analysis you'll probably find that 80%

head Austin if you were to guess what your gut says on that it's being pretty right now i'm doing

“a lot of fear your painting uh is it profitable if i got good margin uh it's be that yeah okay”

we do want more of an eye or is are you excited about doing more of it not that specifically but okay then then don't do it all right i mean this is your business hello and don't don't build something you hate man that's the job you left that you're hated okay actually let's keep it build something you like yeah is the other side of it exciting yeah and so i want i want to i want to make a lot of money and i want to enjoy doing what i'm doing and that that's the what are those categories and

if that saves off something else shave off something else that's fine but that's not your problem

your problem is you've got to put somebody else out there in the field and you begin to train them where they finish your sentences this is how we do the paint job this is how we do the customer interaction this is how we uh clean up on the job before we go home every single night so that the customer doesn't walk into a mess this is how whatever it is that you do that is cause set you apart that's cause you to already be successful you've got to teach them how to do

that that is not micro managing that's training yeah and i had people in the early days go you're just a micro manager i'm like no you just still suck at this right i've got to teach you how to do it when you quit sucking i quit micro managing you you know you got to be good at it you got

“to be freaking excellent i'm gonna put my name on it you got to bring it man that's what we're doing”

here it's got my name on it what do you mean it's and the next time i come back i want the customer to be going yay we're here not oh god here they are again you know and so i've got to teach that

and you have to the all of it do it the things you're doing almost second nature that you learned

from someone maybe your dad maybe your first employer but you i could tell by talking to you you know how to do the stuff i'm talking about and so but you got to train that into somebody to where then there's work happening when you're not there and the work is actually happening and it's happening in a way that you're proud of and the persons are lying and then they're going to rely they're you're going to get a return on investment because they're doing the work and you

built their cost into the estimate and now you've freed up some time now you've got something a scalable until then you just own your job and so if you just narrow the categories you're just going to own a different job narrowing the categories does not get you off the treadmill it'll get you it'll slow you down it'll get your hours back in balance maybe maybe you're doing some stuff you don't want to do anymore that's fine just cut that out just say we don't

offer that service anymore but that doesn't get you off the treadmill operator stage and move you and level up to the next stage of business which you got to do the time management and you've got to do the hiring and the training and the firing and the hiring and the training and the firing to get the right people in the seats get the right as my friend Jen Collins says get the right people on the bus the wrong people off the bus the right people on the right seats on the bus

[Music] if you run a business you already know this bad information leads to bad decisions and right now AI is everywhere but AI is only as good as the data behind it the best AI is built on the best

“data that's why I recommend net sweet net sweet is the number one AI cloud ERP and more than 43,000”

businesses run on it including us here at Ramsey Solutions their AI isn't bolted on it's built in and it connects everything that runs your business accounting inventory customer data all in one place because when your numbers are connected AI actually works like it's supposed to net sweet's AI helps flag cash flow problems spot inventory issues close your books faster and cut down on manual reporting if your revenue is at least seven figures go to net sweet dot com slash ramsy for a free

product tour that's net sweet dot com slash ramsy

what's up so I am 22 I've been married for two years and my husband and I bought a house

“about two years ago so that's the only debt we have I am currently a veterinary assistant but I”

want to further my career and go to vet school but it would require me taking out pretty much everything for it which is about two hundred fifty to three hundred thousand for all eight years and I just want to know if that's something that I should do or if I should continue with where I'm comfortable comfortable is not necessarily the issue the issue is the two hundred fifty thousand dollars in debt and I'm a huge fan of the veterinary world we've got a lot of veterinarians that are

that we coach and our on trade leadership coaching program we've got about ten thousand small businesses that we help and we've got work with a lot of ads and they do really really well most of them and but they're like anyone else things come up in their lives and so you know

“speaking to a lady the other day that's a medical doctor and she's making three hundred thousand”

dollars a year and she's got four hundred thousand dollars in in med school debt and so she was working her way through that and then they had their first child and a special needs and she wants to stay home to stay with a special needs child yeah but she can't and right and that's part of the reason I want to try and grow in my career because together our binding come is like right at less than fifty thousand and I'd like to be able to have a family but I'm a little scared to do that

and I know you're never fully kind of moved out of family you kind of disappoint the point

the point was she can't be a doctor anymore and so she can't pay off a hundred thousand dollars in debt because life happened to her plan okay and so I'm not going to tell you to go 250 thousand dollars in debt even though I'm a big fan of you becoming a veterinarian let's figure out another way to do it there's a lot of corporate veterinarian out there today and I wonder if some of them have scholarship programs I wonder if some of the drug companies that you guys buy from all the time

and that you sell to your resell to your customers all the time if any of them have a scholarship I wonder if any of the medical machinery that you guys use x-rays and so forth if any of them have scholarships because you're not a high school or just starting this you're a married woman with a mortgage right and so I'm going to find a way to get into this is there any kind of a fellowship program any kind of anyway that we can work our way into this and and try to scratch this edge I'm not

against you become a veterinarian I would never tell someone to go 250 thousand dollars in debt

okay there definitely would be some I work for a corporate company now and they've offered to pay for a technician degree so they start there okay start with that let's go get that first well and you said 250 over eight years that's 30 grand a year so I'm just curious what that plan could be if there were some scholarships and things in place is there ever a world where you cash flow some of this too I know guys are only making 50 as a combined couple so that math probably

wouldn't work right now today but but with everything combined because you don't have to the 250 right up front right so the technicians degree what that that's a certificate program and how long does it take to get that so typically it takes about two years it's all self-paced and I do internships and externships with the company I already work for which eventually would be great why don't we self-paced it in a year that's exactly my goal is I'd like to get it done in a year

how would that happen it would probably take us to usually probably add another 15,000 to the year so around 60 to 65 okay I'm gonna continue growing in your career and your careers taking

care of animals and the technicians are good first step and then that may lead you to the next step

with that we don't see sitting here today and that may lead you to the next step and it might be that you you know you go through this certain program and the company recognizes your talent and your enthusiasm and they say we you know what we're gonna go ahead and let her do the self-paced thing

“for the first two years of at school and get that there may be a way to do this but that's how I'm”

going to figure it out because I don't borrow money and I'm not gonna tell someone to go 250,000 hours in debt for anything especially student loans even though this is a valid form of study sure totally

don't have that on your shoulders there's a lot more freedom in your life to make decisions you get to decide I'm sure glad I don't have that hanging over my head you'll say that someday and when you get through all of it it's gonna take some work to and finagling right your your own budget and also what money you can bring in from other places all the things but at the end of the day if you go through with the semi and you end up getting a degree you're gonna be making a great

and come with no payments like it's that's that's the amazing part coal is an Asheville North Carolina high coal how are you I'm also how are you better than I deserve what's up I'm wondering

at what point should my family and I consider establishing a trust probably never

okay why would you want to trust well my we have one rental property we have our primary and we're about to have our fourth kid and so you mean you and your wife that family yes yes

“oh okay so you're thinking about risk yes I would use LLCs that's what I do”

so I would drop your rentals into an LLC and I don't own anything I don't own a single thing I don't even own my cars they're in an LLC you don't need to go to that extreme right now but I got a target on my butt because I got them Dave Ramsey right but but for rental property purposes I drop those into an LLC tomorrow and that what that and then you operate the rental completely standalone and you've got the corporate veil it's called for risk if

somebody falls off the porch of your rental and decides to sue you they have to sue the owner of the property which is an LLC and the only thing it owns is that property it can't take they can't take anything else you got okay so I find that worth increases you know will it make it harder for my kids with probae and a will as opposed to a trust no I will is unless you've got a net worth an excessive a hundred million dollars you're probably not going to have any needs for trust

the will will suffice and and take care of it so why you get why why would you say that I'm curious well because a trust doesn't do anything well you can avoid probae like what he was saying you know you can there there's some ease to it it takes a lot of work to put to move everything

“into the trust but yeah you move everything into the trust then you have to operate your life”

of the trust which is a which is a pain in the butt to the point that you'll wish you had never

heard it was on the internet which is where you heard of it but um the you know it's just it's horrendous so no one does it in the real world the only people that talk about it are lawyers trying to sell trust but everybody out here in the real world all of my friends that have 20 and 30 and 50 million dollars do not use they do not operate their lives out of trust they have LLCs and they have some escorts and they bifurcate the risks that way but they don't put everything into

a trust I didn't know this you like really don't like them useless there's 9.4 there's a time for a trust I mean you've we've got the Ramsey Children's Trust that owns some stuff but that's in the state planning tool with our level of net worth and there's some places for stuff like that

but the idea that if you got a 10 million dollar net worth and a handful of real estate you don't

need a living trust you just need to operate out of an LLC much much stronger much stronger and you've got the exact same risk protections and the probate avoiding probate is not that big a deal probate takes 10 minutes if you have a will and a properly structured series of LLCs it's not a big deal and most states the probate taxes are not that high I was going to say the taxes are not that much they're not that much they don't cost as much the cost to set up the trust most cases for most people

so it becomes this thing that people just talk about all the time like it's some kind of a sophisticated instrument it's just a method of holding property so it is and so you can hold the property there and a beneficiary and it goes straight outside of probate goes straight to the beneficiary the problem

“though is you have to operate all your rental operations your rental income all your fixing of the”

heat and air you're paying the yard care not out of the trust but that's harder than the LLC yeah yeah because you have the trustee has to sign off on everything and you're not the trustee you're the beneficiary [Music] Welcome back to the Ramsey Show in the Fairwins Credit Union studio Angela is an Idaho Falls high Angela how are you? Hi Dave thank you Rachel you both for taking my call and excited to talk to you

unhappy with the growth of our investments with the person we're working with and so we're shopping around

“and we started talking to a company that my brother recommended he says that he's been making”

19% earnings on his investments of it last few years with them so I happened and I had a call with them yesterday and I just don't understand what they're talking about when they say things like synthetic ownership of the S&T 500 with long-dated elite contracts and they're doing hedge fund options as well and vitality in the run away okay I understand what they're talking about run away now here's the other reason you run away okay the financial world and investing at a

level where you can make millions and millions of dollars is not that complicated it's really not

rocket science and so your financial advisor their job is not to impress you with their vocabulary

to the point that you have no idea what they said I think they're speaking German and um yeah I mean it's just it sounds like Charlie Brown's teacher right wow wow wow what do you just say I know I do darling let's get off the phone yeah and so that that's that that means you run away too because your financial person needs to have the heart of a teacher the way that people lose money faster than anything I've ever seen in the 35 years I've been doing this is they put money

in something they don't understand because some goober with a big vocabulary and then I suit told them to do it and that's when they lose their butt okay so their job is to teach you this person is not interested in doing that this person was interested in showing you how smart they

“are it run from this arrogance okay okay there it's all over the financial world that's why I'm”

so pissed off about it okay because it's because I've spent my whole life putting these concepts putting the cookies on a shelf where everybody can reach them and they're good cookies you know it's hey they taste great but you got to be able to reach them you know I can't and and if you do this to people what the guy did to you it makes it feel like I'm not smart enough to be investing money and you are smart enough to be investing money you just hadn't found the right person to teach you

yet and to your points it's really I mean you really could handle if you wanted to I wouldn't I'd probably go to a financial advisor but you could go on Vanguard, Charles Bob you're anything and open up a brokerage account go get an S&P 500 index fund and you'd be making those returns just doing that over the last couple of years or more just that's in P500 so so you know you can do very simple investing that's not that complicated yeah let's try let's try our theory right here

right now do you know what the S&P 500 is yes I do okay tell me what it is well it's a bunch of companies that have stocks I guess it's the largest companies but it's 500 companies that have stock exactly and the index is that is the most accurate measure it's called the bell whether it's the baseline of what the stock market the New York Stock Exchange has

done okay so basically what the S&P has done is what the stock market did because it's the largest

500 companies on there and what they do is basically what the market's doing okay the Dow Jones industrial average is just a handful of companies so it's not nearly as accurate a measure of what the actual stock market's doing okay now if you know that and then you know that in 2023 the S&P went up 26% in 2024 it went up 25% in 2025 it went up 18% and so far in 2026 it's up 10% then you know where you could have gotten those rates of return by like Rachel said just falling off a log into an

S&P 500 without a broker you could have just they call that passive investing it's not

“technically but that's what they call it and so you're not even bothering with anything you're just”

go by the simplest type of mutual fund on the planet with no commissions and you could have made those returns in the last few years so your brother-in-law or whoever gave you the recommendation hasn't done anything super fancy to get those returns as Rachel's point or he did something super complicated with these people and didn't need to yeah one of the two so I would I would not do business with him for two reasons one is I don't like what they're suggesting in two is

they they couldn't explain it to you so they lost the business go to go to Ramsey Solutions dot com and hit smart vester and the people that we've met in that world they cannot be a smart

they understand what we teach here which is that basic investing is how most people get rich you don't have to do super sophisticated medicine that you just have to flip family limited partnerships synthetic bull crap okay you don't have to do that to get rich you really don't most people just put money in good mutual funds on their 401k and they pay off their house

“and that's how they get their first five million dollars in that worth what trails net worth Angela”

two million good way to go and let me guess let me guess that you got there without doing

anything that had synthetic in the name correct yeah and you helped me then and you probably have more money than the guy on the other end of that call oh well that's a happy thought yep it is well and just stay on the line christian pick up we'll get you a code to log in for investing essentials that you're doing day with George yeah here in a couple weeks so yeah that that's a great event just to watch at home just to kind of get some basics too but you yeah you're doing

great Angela don't don't discount your own intuition insight intelligence in the process you are

“actually the secret sauce in your plan you have freaking two million dollars hello”

hello there we go I mean that's it so and you know what's interesting Rachel is that when we did the study a millionaires 10,000 millionaires 89% of them are first generation rich meaning they did not become millionaires because of inheritance so 10,167 of them so they didn't inherit their money where they get their money on average the typical one had invested in their 401k

and had a paid off house that was the two big things that showed up every time okay and here's what's

interesting they weren't really good at picking mutual funds the mutual fund portfolio that the typical millionaire houses okay it's average they weren't that great at it what they were great at was always putting money in it consistency all the time every time the check came the 401k had been deducted there a long time they just constant steady time and consistency time and consistency

“they put money in their mutual funds that's what they were good at and that's what made them rich”

more than the return they got on the mutual fund because they had the perfect double backflip

synthetic drip cheese man what a bunch of well and the beauty of just compound interest I mean

when you see that play out over time the amount of money you actually end up having that is all interest and barely not as much principal like it's it's wild mathematically when you start early and that's what she said 15 years ago they started so well done Angela you're well done you're on the right track just like yourself yes yes you're good the fourth of July is all about freedom but being broke and stressed out about money all the

time that's not freedom look you can change that right now during our fourth of July sale select hard covers are 13 dollars each or mix and match three for 33 if you're stressed out and living paycheck to paycheck these books will help because real freedom begins when that stops calling the shots don't wait the sale only lasts four days go to ramsysolutions.com/store today

Jason's in spokane warshington hi Jason how are you I'm doing good how are you doing better than I deserve what's up so I graduated or I didn't graduate I got some student debt in my wife just graduated here in summer tragically last august a year ago last august my wife's mom died at 54 from an asthma attack and it didn't you know the whole family into spiral she has been paying yes it was horrible she had been paying my wife's student loans and after she passed her dad got a huge life insurance

settlement from it and a said you would continue paying them well in my wife graduated she graduated

now we have $22,000 extra dollars of debt we were not expecting to pay and we were playing on

“anybody beside not to pay it after he promised to pay it he has no reason whatsoever can't come up with a reason”

and he told her I'm not paying for your student loans yep man yeah yeah we got married and yes real sad we got married in November and we're playing on taking our honeymoon this no remember when we were when we had the money set aside for it we got most of it set aside but now with $22,000 extra dollars of debt we're questioning that's it yeah so what what does your wife what was her degree in marketing she got a marketing degree and what's she making what's her income

she's working a part-time gig that's like 400 bucks a week and then she just started

another job that's about $4,000 a month that's the marketing gig

no the marketing gigs are side jobs the marketing gig is only 10 hours a week doing social media for interior designer okay so why she not landed a position in marketing you know she applied to I don't remember the exact count now somewhere close to a hundred in just apply for jobs does

“not get jobs in America today you have to actually know somebody that works there to get you”

review because people apply for 5,000 jobs and they get zero responses we had 15,000 applications come into Ramsey last year there's no possible way we'll even talk about interviewing all those people much less hiring them so applying doesn't get you there you've got to work a system to get hired in something I'm going to send you copy the book the proximity principle to get her some help getting into position where she actually makes some money what do

you make I am an insurance I just started a new gig helping stand up an agency again it's a $25,000 a year salary plus commission it's partly owned by mortgage companies so they're going to be sending their leads but as of now they haven't started so hopefully 7,000 is what we were

“talking about a month but you know I can't plan on that yet when did you start just cross my first month”

and what kind of insurance is this got property casualty business you're not going to make it 7,000 a month in time soon honey you know the business yeah no I've been an insurance this is

my third year an insurance I own I currently under an insurance agency that I'm selling why are you

already independent I was the captive company I work for shareholder owned and they don't treat their employees I moved over the independent side okay that's a good move I like that well you know that your you know P and C is as earned and it's it takes a while to build a book of business it brings in 7 grand right well I did establish book of business that I'm peppering into it's just that I thought you said you just stood up the agency

no we're scanning it up again sorry again so there's a book of business laying there that you're not walking to yes oh okay that's different okay understand all right fine okay so all of that to say that you guys have incomes and you're and it's fair to say that in one year your income will have come way up and she will have landed a marketing position and her income will have come way up and it's very sad that in the middle of all this tragedy with her mother that her father has

lost his integrity but what that means is that we're going to be very careful with him for the rest of our lives we can love him but it will not involve anything of any kind of a business transaction ever because 100% of the time this guy cannot be trusted but you can still love him and you know that's just dad he's not he's not a good dude in his integrity but otherwise and that's just sad it's heartbreaking but you can't make him do it he should follow through on his word obviously

is tragic but yeah I'm with you you just pay it and be done with it and put it in the rear of your mirror as fast as you possibly can how much of you guys got in savings we got a $1,000 buffer every month $1,000 emergency fund and then currently about $5,000 in savings for your honeymoon yeah initially you know it's big of a buffer now today yeah now now it's going to go to the debt because this is the only debt the two of you have no I have yeah I have $4,000 student loans

and she has $20,000 you have or had have the have oh okay well yeah you all got $62,000 now to be working with okay yeah yeah so no there's not gonna be a big trip we're no big honeymoon we're gonna

work like crazy people and don't go out to eat and don't go on vacations and this is a vacation

“sadly she needs to find three more of those accounts to help social on the side too right”

get buffed up to a thousand bucks a month while she's waiting to land the better job and again christian will pick up and send you a copy of that book and hopefully that'll help her actually land something so um so can Coleman that was with us for many years wrote that book um and the proximity principle what we have discovered is in the digital world that people sit at their computer looking for a job and they fill out applications and they consider that job hunting

it's not because it does not work okay because again we hired last year at Ramsey we hired about

150 people and we had 15,000 applications because people sit at their computer and fill out

“applications and so we basically have to put an AI to alone them and go through them and throw”

98% of them in the trash without even looking at them and so how would you get hired at a place like Ramsey if you were in marketing we hired a bunch of marketers last year her type of position well the way it normally will happen is is that you know someone that knows someone that works here and they at least get your application out of the pile in front of someone to look at

there's no guarantee after that the application may suck you may not be qualified we might not even call

you but at least you can get it looked at and even better would you at least talk to my friends friend or this person that was a financial patient versus coordinator for 20 years in Kansas City calls and says hey so-and-so that's a friend of mine just made up would you all look at that that's you know I mean it is you know that's everywhere for most places it is not in a toxic sense like you get a job because you knew somebody that's not yet no you get an interview and then

“you get the job on your merit and that's how it really happens in the real world today”

if you just though stacks and stacks and stacks of applications out there and call that job hunting you're wasting your time don't bother because you're not going to get a job no one gets a job that way in the days world so folks I mean I put in 500 applications and no one call me well of course they didn't that's what I was just talking about of course they didn't call you so do something to set yourself apart in some way to at least get someone to at least laugh at you

if nothing else but at least notice that you're breathing you know something do something like that and don't don't don't don't don't don't get laughed at but I mean but you know but the idea being that get a part get connected to a person not just a system filling out applications on the internet is not job hunting it's a waste of time the proximity principle will help you with that hey George Camel here we often talk about how being normal sucks when it comes to your money

but guess what normal isn't so great when it comes to your job either normal is staying in a job you hate dreading Mondays and working for people you don't even like sounds familiar well good news is you can break free from normal because Ramsey Solutions is hiring and we refuse to settle for the ordinary in fact we are anything but normal and we are proud of it and right now we're hiring for technology sales marketing writing copy editing and creative

roles so head over to Ramsey Solutions dot com slash careers and apply today if your private student loans are in default when you fall in behind so far the loan is considered unpaid well why refine may be able to help you they help borrowers and tough situations figure out low fixed rate refinancing options that actually fits your budget go to yrefy dot com slash Ramsey that's the letter y r e f y dot com slash Ramsey may not be in all states

our oldest daughter got married eight years ago we were able to contribute a modest amount

“towards her wedding because of our financial situation our second daughter is now engaged and we”

are in much stronger financial position than we were back then is it fair to contribute more toward her wedding then we did for our oldest daughter or should we give all of our daughters the same amount of money to keep things equal um I'm more on the equal side but I would say eight years ago there's a cost difference of what it costs eight years ago than today so I think you can probably factor in some level of inflation and all the things in 2018 that was a different world so I

would kind of price out and just see what the what a similar um value would be so I'd be okay if it was a little bit more just because it's a different time but I would not I don't know if I would significantly yeah you and your sister didn't spend the same we didn't did you did she have more you were raised in a household we told our children that fair is where the tilt of world is

no Sharon Ramsey is a communist basically when it comes to Christmas now she's a she wants everything to be

even but yeah that's true yeah you all didn't have the same budget because of inflation no

“you should have another same budget neither did your brother none of the three of you did it was”

situational it's not it's not a matter it's not it's not a matter which one kid we love more anything like that it's just a matter of that's what the situational wasn't this what we did and that was the amount of money we got married like 18 months it two years yeah it's your life changed that no no it wasn't because of that it wasn't that she's has a reason I didn't have a reason I just said this is what we're done

all right counseling on the air people right here Ramsey family Ramsey family secret it's confessing I'm not confessing I just loved any more I didn't say she got more I just said it was different what is it because our venues were different I said you didn't get the same amount that's all I said I didn't say we got more okay well then you answer answer Chrissy answer Chrissy I would say I would be more inclined yeah to be more you're more like your mother if we want it to be

more even yeah yeah I probably would okay that's where I lean but I don't have kids like a married or have been married but apparently you have had three children and I you just don't think you guys have the same amount in your mutual funds when you graduate from college either but how didn't you know so just because of growth yeah well and different different different investments and different amounts going in at different times okay so so you would tell Chrissy you give

however you're hardly just and if I don't I don't think I don't think it is an indication that you love your children differently if you if the amount that goes to their wedding is different oh you're back peddling a little bit I get it I didn't say I loved someone differently I just said the money was dating I'm kidding this is so funny I didn't know I thought we were all pretty in the same ballpark but apparently you were I didn't say you weren't the same ballpark I just said it was

wasn't the same that's all I said okay all right and I cuz I'm not worried about that that's not no what what's the right thing to do for this kid given our situation yeah and if you want if you feel like it's you know okay you give one fifty thousand and the other one got twenty thousand

and you want us to give you want to help the the first one that you gave twenty thousand

because it's substantially different less than half right you want to get my ten or fifteen thousand our gift or something that's fine that's fine but I'm not going to sit and try to figure out to the in the degree oh no what the stupid shrimp cost at the dead gum reception yeah and we got to make

“everything you know I'm not saying you have to like nickel and dime every single thing but in eight”

year your mark on my yeah you might barely she didn't know she didn't know that she wanted and good roll it only happens at Christmas time we want to get a chance to come in as Christmas that's it you've got to be twenty four cents exactly she will write us a nine dollars we're fine you did you can just you did the exact stinking amount that's right and that probably comes from her upbringing but all right the niece is in Seattle hi Denise how are you

better than I deserve days good how can we help well um where do I start I've been in an education for twenty years um my husband and I have been married for 18 and we have dreamed of having our own business for a long time we've been saving we have paid off almost all of our debt we still own our home but we've had all of our cars all of our students um and we after taking

that we have very little debt and we have been saving for the business for a long time um so we

already finally on a on a building we don't we want to open up a coffee shop bakery um we have

partners and so we're half and half um we build out alone not including any of the equipment or the capital we need for employees um it's gonna cost us a hundred and eighty three thousand dollars and that was almost all of what we had saved so far um and so in order to cover the equipment costs

“and um in the capital that we need to open up um we decided to take out a key lock on our home”

it was only ninety five thousand um but that's still not enough and we were looking into other

types of loans um order to open up I know oh man you've made up I knew you say us she said don't

call him he's gonna tell us not to do it yeah well you're 300 thousand dollars in the hole oh my god does how many cups of coffee is that before you actually make your money back in Seattle like nobody's had a coffee shop in Seattle before this isn't you it's it's very loved though or it's love you're not open it's I mean the the business in general um it's something we know and we apparently not well you don't know what it costs to operate it yeah

“Denise if you'll keep going down this road you're gonna be half a million dollars into this”

business and the restaurant business what's the stat on that of eight percent are going in five

years right I know yeah yeah but you don't actually know you don't feel stressed about it borrowed ninety thousand dollars on your home and a hundred and eighty three thousand and another saving no that's not you you know it's gone though and it's dream that we've had that we have had yeah when you're trying your dream into a nightmare kid I didn't mention the fact that we partnered up on a restaurant about in 2022 and it did very well we're only yours of minority owner so we

have had some success in the field um and yeah but that is for me you told me it took a hundred

“ninety three thousand to build this out and then you came back looking for another ninety and”

then you came back looking for another another batch I'd fire you for incompetence so you may know what you're doing but I can't see it in this phone call you didn't lay out your pro forma with a basic inventory list and a basic business pro forma of what it takes to get this thing opening and start a cash flowing instead you just keep spending money like you're in Congress and you're still not even open right you're scaring me to death I mean you guys are gonna do what

you're gonna do I don't know I'm with your husband I'm not sure why you called I mean you you preface this was we went through all your classes Dave we got out of that why so we could go back in that and call it a dream oh baby girl oh you're killing me I'm so sorry no I would not have done any of this and no I'm not gonna tell you to do any of it more and I'm sorry that I hope you can figure out a way to scratch around and get it open and get some of your money back and you don't

lose all of this. Hey guys George Kamel here do you ever feel like insurance companies only care about your money and not what you actually need well there's a better way when you go to Ramsey's insurance resource hub you'll start feeling confident that you're getting the right coverage that's truly best for you you'll find helpful info and everything from life insurance health insurance identity theft

protection and more and when you're ready to get the coverage you need you can connect with a Ramsey trusted insurance pro who will only get you what you need at the best price go to ramseysolutions.com slash insurance Ramsey Solutions dot com slash insurance our scripture that a hub

who is tremendously strong and able to withstand all assaults what version of scripture is that

interesting Ronald Reagan says heroes may not be braver than anyone else they're just braver five minutes longer that's true buying or selling a home is a big deal if you're thinking about doing that you ought to have a high octane person in your corner that you trust that knows what they're doing in the real estate business not got their license three weeks ago and

“expect you to sell their house with your house with them don't do that if you want to find out”

who we trust and you want to find a Ramsey trusted agent you can do that for free Ramsey trusted agents are the best out there Ramsey Solutions dot com slash agent

or click the link in the podcast jina is in phoenix i jina how are you well i'm doing great

good i have a question of what would Dave and Sharon do my husband and i started a construction company at the beginning of the year we're learning a lot we still have a whole lot more to learn he builds the home and i pay the bills i am the bookkeeper i request the draws and my son my oldest son is helping us with the tech part and he recently found out that i go through all my husband's emails to find contracts and bills that he's paid and approved and

he wants to put a stop to that he says that i should not have any access to his emails or his password even over call your son is a tech nerd geek he's not a relationship expert that's

“ridiculous of course you should have access to your husband's staff share and Ramsey has 100”

percent access to any of my technology i have nothing in there that i'm ashamed of he even your business emails all anything she wants to see anywhere and she any time and occasionally she does it was she would leave the laptop this was probably 10 15 years ago she would leave her laptop with your email just on the counter is the fan like we could all just go look at this email if we want to have any secrets yes i mean i don't care i don't have anything to hide

and and here's another one i i i a few months ago about a year ago i put the apple uh with find my iphone thing so you and so wherever my iphone is my wife can look at her iphone and figure out where i am at anytime location sharing because i don't go anywhere that i'm ashamed of and i put it on hers too because she loses her stinking iphone about once a day and i can find it that way but i also know where she is and because she forgets to tell me she has a mosh on

championship four doors down and i get home and she's not there and i'm like we're sharing so now i know where she is but you know hundred percent of the passwords are shared a hundred percent of the bank accounts are shared a hundred percent transparency there's no reason to hide unless you have something to hide why what did he do it uh was he saying it like from a tech yeah a tech nerd perspective of security or no no i'm at you said tech nerd he said it's inappropriate

he just said i should not be messing with the emails i don't delete anything i just go through

them he just said that he doesn't get his wife any passwords and it's good his boss would never

of course but i'd like this is a different relationship it's not a whole sure husband no hundred percent yep i imagine you can get into any of wince i know wince and you got well and we're not probably the best secure people but we have two passwords that we use basically for everything yeah well we do too yeah like we do you know yeah that we do our password you could get into any hotel safe wherever in instagram you can go through any dm i mean like yeah that's it's just it's

had any secrets there's no there's nothing i wouldn't show him what not what to show him so i'm trying to figure out yeah anyways that's that's that's the answer no yeah the answer is your son is his inappropriate oh and by the way my personal assistant can go through my email to do what you do for your husband from a business perspective she can love it genie genie can

“go through my emails because i don't have anything in there that's a secret there's no big”

dark cloud i mean there's no there's no Latino attention to the men behind the curtain there's no man behind the curtain it just is you know and so she can go through there and go up there honey would say your phones but you have every right to check your your spouse's phone yeah i mean and but i don't know i don't go on porn sites so she's not going to discover that when she goes on my phone so it's not a problem you know and i'm i'm not doing stuff or going places

three lawsuits ago so nothing goes into an email anymore you know because it's discoverable

and then i get to answer for my mouth in the middle of the in the middle of a dad gum Dave has an attitude no way no way no well the judge no yeah the opposing counsel isn't questioning me about the show no that's um i did you yeah so i kind of crap all the time but it just isn't an email you know so oh well yeah anyway it's just that that's the things it now 100% transparency and um this is where people get into problems and and marriage is

in in relationships and when you have things to hide or when you feel like you have the right to a secret life to the side these are my friends Stephen Mansfield wrote a book 11

signs that a leader is going to crash and one of them is extreme privacy they're building

a separate life to the side somewhere but they don't and that's it and that sets them up and allows them then to fantasize about going places they shouldn't go or doing things they shouldn't do and then they do and because it's all secret and that's one of the reasons you see these

“leaders well so and so was discovered and they did this and this yeah well that's what happened that's”

why that pastor there's a spiritual lesson to bring things into the light when things are seen and exposed like it's there yeah it's there right but when things are hidden off to the side you can't beat you can have access to this thing or that thing I'm going to keep it over here yep it starts to start to go weird yeah it's the same thing as hiding your target bags onto the bed you know so my husband doesn't know about my spending you know yeah my wife doesn't know about

this gun you know why I mean you it cause you're ashamed you knew you shouldn't done it that's why and there's a you know it's accountability in the relationship no that's that's an interesting question but I will say Gina the reason I was making fun of your son was because the people I find in the tech world would have more of a because of security and they have this in different view of privacy than I do in especially in relationships and so that's where your son

“that's why I was picking on him about being a nerd because he he fits that my he fits the stereotype”

I've got guys working here that would do the exact same thing I'd say the exact same thing they'd be wrong too but you know they're because they're just they're techno and they're all worried about privacy and security and cybersecurity and you can't get your password out and you get change your password every 14 seconds and you're driving me crazy I can't live my life for keeping up with all your freaking passwords and your multi-factor lawgans you're killing me so yeah it's just I can't get anything done

for screwing around with this stuff but it's that it's the same bucket of thing where and and it also comes into this thing where we keep our money separate because we really have separate lives

because we've never really completely put all in on the marriage yeah I mean that it's the same

mindset of people that say well I'm just gonna I'm gonna keep my money here and then yeah there what I want to do and I'm gonna get to yes and I'm not accountable yeah and I'm very do you I sleep with you but I'm not accountable yeah yeah and it's not that every person that has a separate checking count is doing something and more I'm not saying that but it's the again it's the intentionality it's the motivation of I get to do my own thing in this and you just

break down a marriage when that is your primary motivation now in the budget yes have your own line I don't have a Rachel and I know there's a Winston line I know you can go spend money on what you want but it's agreed upon it's talked about and there's nothing shameful about it and so transparency yeah yeah you know you know you know you know you're old you know you're old when you have find my I found because she loses her I know I was I was mine all the time too

you might be old yeah thank you Jeff Fox where are they right more I love where you're a little bit are you doing 18 things at once I happy fourth that you lie America 250 years you big beautiful beast we love you we love you America absolutely awesome that puts us our other energy show in the books we'll be back with you before you know it

“in the meantime remember there's ultimately only one way to financial peace and that's to”

our daily with the Prince of Peace Christ Jesus