Are You Looking For Freedom?

[Music] this is the ramsay show [Applause] you can be intentional about your character you can have money and a career you are the hero in your story [Music] live from the headquarters of ramsey solutions broadcasting from the dollar car rental studios it's the ramsey show where dad is dumb cash is king and the paid off home mortgage has taken the place of the bmw as the status symbol of choice i am dave ramsey your host we invite your calls nationwide toll free the number is free and some say the advice is worth exactly what you pay for it the phone number triple eight eight two five five two two five that's triple eight eight two five five two two five so i have had the uh pleasure of spending the morning with a ramsey uh foundations in personal fire ramsay um i'm sorry certified financial coaches and uh they have done all kinds of things so been in here learning all week i'll be here most of the week learning we've got an enrichment series going uh we've got about we have several thousand coaches across america and people with big old hearts and big old brains both to help you with your finances and i'm coaching them through and giving them some ideas of stuff i used to do back in the day and lots of things ramsay is doing today to do one-on-one coaching and to help someone change their lives and it occurred to me that some of those lessons that we're talking to those guys about are probably good for some of uh some of our audience from our listening audience as well here's the thing that we discovered that is a huge difference maker for you now i get tons of people that don't like dave ramsey because there is a segment of people in our culture that don't like to be told that they can win if i tell someone that is hell-bent on being a victim that they can win they don't like it it makes them mad don't tell me i can win because then i that takes away all my excuses it takes away the fact that i might have to deal with the person in my mirror and i if i convince you that your category whatever category you have stuck yourself in i'm skinny i'm fat i'm man i'm woman i'm black i'm white i'm purple i'm pink i'm latino i don't know what i am i'm from the north i'm from the south i have this or that i don't know what your thing is but i can tell you after 30 years of doing this i've met one just like you who made it and if you want to live in the soup of your self-pity and in the soup of your victimhood you're going to not like dave ramsey so personal finance is 80 behavior it's only 20 head knowledge and once you get that dialed in then you're in a place to go okay yes there's outside variables yes sometimes there's mean people in the world yes sometimes there's racists sometimes they're sexists sometimes there's a whatever ist that's there's jerks and foolish and ignorant people everywhere they're all around us and yet it's still your job to control what you can control and they're not one of the things you can control you can control the person in your mirror and then you become successful tada is it easy well crap no if it was easy we would not recommend successful people so last summer uh i guess it was last summer we had at our entre leadership event uh one of the sharks from the shark tank and uh he and some of his folks and some other friends of mine all got together at my house for a big dinner afterwards we ended up sitting on my deck and talking until the wee hours of the morning and became that night lifelong friends i'll just tell you i just love this guy and i heard he was doing a new project an audible project and i got him on the phone because i want you guys to know about it so uh america's shark you gotta love him damon john is with us hey my friend how are you what's up brother i uh i love what you were saying as i just tuned in and um and yes it was a very it was an amazing experience being with you and your family and everybody so really good to hear from you man well it's good to hear from you i'm excited about this project so you're gonna tell people how you built a six billion dollar brand called fubu uh i mean we get to see on the shark but that's small potatoes compared to fubu and you did this man started i mean 40 bucks you are a rags to riches story and you overcame some crap without a doubt to do that i mean you got misunderstood abused and betrayed and everything else and still pulled it off and uh which normally happens to all of us but sometimes people think that line of success doesn't include that much manure but it did in your case it did in my case for sure that's one of the reasons we became fast friends but talk about this new audible original uh about founding fubu what are you talking about in this yeah yeah so the waterloo original is so there's there is no book to this that has now become an audible this is purely an audible original greatly produced it is talking about my found my days that i founded booboo what i went through all the things and all that all the things that happened to me good bad or ugly a lot of the behind the scenes stories such as you know you start having money come around there's bad people and good people to come around i didn't think though that for your listeners they can learn from is the community that was built you know the same way you know we're seeing too many communities that are fighting because they're apart we're not getting enough of the good stories of people who listen to your show they couldn't care less about other people's color gender and race and all that other stuff it's about communities you build and and and really how we ended up growing and how i made a ton of financial mistakes a ton meaning closing fubu three times from 89 to 92 running out of the first hundred thousand dollars that i had and almost being homeless and then blowing around 20 million dollars when i first made money and i think that's important for people to learn too because you know fiscal education and responsibility is something that you learn every day you keep growing there's no way to just arrive at it and i think that a lot of your listeners can absolutely take away from those big mistakes that i made and thank god i'm still here after making those mistakes what was the best financial decisions the best three decisions best three habits or disciplines around money that you develop that you attribute to being able to stay on top of it i think uh living within my means and understanding that i think understanding credit um and i also think probably in general understanding how money works from a taxes perspective uh from interest and understanding how to allocate it accordingly and i think all three of those really uh kind of kind of stay in tune and align with each other um but you're going to say three i think that's going to be the fourth one also the investment you know being able to not only have to go out and work for my money but letting my money work for me and not you know not taking as many chances as you know i took in the past because i had money i made my my most my most ignorant um or my most uneducated decisions was when i had the most money that's when i made the biggest mistakes well you get you kind of get fat and sloppy we all do right yeah it's kind of like yeah that little bit don't matter that little bit doesn't matter i got it i got it all of a sudden you're like holy crap i don't got it you know how many of the shark how many of the shark deals are paying you money right now are you still making a profit on um i would i would think that around 3 out of 10 i make a profit on um uh probably two out of you know because our two out of ten are kind of the they're kind of trying to figure out who they want to be when they grow up and then another five out of 10 they just didn't work out they uh um you know i don't want to talk bad about the entrepreneur maybe having their time but you know they made bad decisions or uh you know they didn't educate themselves enough it's a three-hour audible project called founding fubu you can listen to it at daymondjohn.com is that right diamond absolutely all right be sure and check it out guys this guy's awesome thank you damon [Music] what makes our show unique is that we genuinely care about our listeners we're intentional about choosing the best advertisers to recommend blinds.com is no exception they offer high quality window treatments at unbelievable prices and they make it simple to shop blinds shades and interior shutters with easy online ordering free shipping and a guaranteed perfect fit go to blinds.com and take advantage of this week's special savings [Music] so [Music] [Applause] [Music] ken coleman ramsey personality number one best-selling author and author of the new book that's in pre-sale from paycheck to purpose the clear path to doing work you love is my co-host he and i were both speaking this morning at the enrichment event for the ramsey financial coaches uh and uh it was a lot of fun you did a great job of course thank you sir a lot of fun you you warmed them up it's always nice to follow you you you know the crowd's ready you know they're fired up or you know the bar set low whatever yeah no not the case it was a great crowd these are the men and women on the front lines who have decided because of the baby steps and and the life change and transformation that they uh brought into their life as a result of that clear path now they're out there coaching other men and women and giving hope and and you know it's just always a blessing to be able to to look eyeball to eyeball with those men and women who care deeply about coaching others so it was really really sweet sweet crowd and fun time well and they know they're why they're clear they're very missional and that's your whole message of the ken coleman show and is with your career to be missional find something you love yeah and pour yourself into it so if you want to talk careers ken is with us today you want to talk jobs ken's with us of course we'll talk about your life and your money this is the ramsay show so it's all about you wiley is with us in reno nevada hi wiley how are you doing well dave uh hi ken how are you guys great having a blast how can we help hey so my question um i'm currently debt free i've been listening to you for the last uh two years paid off all my debt um my mom turned me on to you and i got out of college debt-free so i'm currently in baby step four and i'm saving 15 of um of my retirement uh and i have i have currently worked for the school district here so i have a retirement through the district the pension um i have a 403 b and a roth ira that i'm all contributing to look at you well done thank you um it's all due to you um and everything that you've kind of used i didn't give you any money true uh so i'm just trying to look forward to my future i'm looking to buy a house should i stop investing in these and just stack money or should i continue to invest in one or is there a certain one that's better than the other either one is fine people do all three things once you get to baby step three which means you have your emergency fund in place and you're debt-free which you did a while back way to go then is when you start saving for a house sometimes people wait a little bit particularly if they're young like you they wait a little bit to start their investing and use all that margin to pile up a big old down payment and there's nothing wrong with doing that i don't want you to wait more than three years but if you want to take a couple years and pile up a down payment and hold on baby step four we always call that baby step 3b around here uh other people look at it and go i can still save pretty aggressively while doing my investing so i'm going to just dial some of my investing back but i'm going to do this other one over here that's really sweet i don't want to i don't want to get completely out and uh can we see people go up and down that spectrum and they all do well yeah because what happens is when you get to that baby step 3 and you move to 3b and you're looking out you have all this freedom you get to decide what really really matters you've got the discipline you've done the hard work so now it really is i like that either or what's most important now and begin to move with the same discipline the same purpose that you have been now you'll get there we do not say that about paying off your house sir no we say do the 15 that's right and whatever you can find above that pay your house off early but for saving for the down payment on the first house that's right a lot of people uh you know in their 20s or 30s will take a temporary pause on baby step four a gap year oh i like that day between three and four i like and they all build their down payment right and that's baby step 3b i've never thought of it that way i haven't either actually it's good that's pretty good i like that all right open phones at triple eight eight two five five two two five tyler is in abilene texas hey tyler how are you i'm doing great dave how are you better than i deserve what's up well uh me and my wife are new to you we got married in june congratulations from the ground running we we knew debt was a bad idea uh she came into the marriage debt free uh i did not by a long stretch um so he as soon as we got married got back from the honeymoon started attacking debt and working together to pay it off um we really haven't argued about money at all until last night so our tie breaker so uh oh oh boy okay so what what is the argument about this is great i'll get my whistle out my little strike my little striped i need a flag too i could throw a flag on him yeah that's it yeah all right go tyler what's the argument all right so i'm a youth pastor uh and we were talking about uh once we get out of baby step two about investing and my cpa has talked to me a little bit about possibly filing an exemption for social security taxes my wife is concerned about doing that in case you know the what ifs could happen if i injured and couldn't work or or whatever or disability wouldn't be wouldn't be a factor in my mind behind it being a real numbers minded person say well we can make a lot more in investing that we're getting out of debt quicker if we opted out of the social security i don't know what you would advise in that uh either direction or neither at all darn darn darn i don't get to blow my whistle you're both right yeah so let me walk you through what how we handle this okay yes i believe pastors should opt out of social security uh in order to do that you have to sign a document that it says you're a conscientious objector that only has a religious basis you do not believe in the social security system and it's only for your pastoral income by the way if you have another income that income subject social security it's only for your pastoral income now i could sign that with good conscience because i believe the bible teaches us to be good managers good stewards of money and giving money to the social security system is by definition not being a good steward and so that's not a joke that's just a math i mean that's a morality fact as far as i'm concerned and so you're not being a good manager if you give the government money and you didn't have to so i can i could in good conscience be a conscientious objector i don't have that option because i'm not a pastor so yes i would opt out and yes you're right you would make more money by investing that money putting it in a fruit jar you would end up with more than giving it to them it has a negative rate of return the social security system does on average plus when you die they keep the money you put in and use it for the other people okay versus if you put it in a fruit jar when you die if your relatives can find it you'd be okay they would have it get the metal detector out in the backyard like they'll be at my place right because i bury coffee cans everybody knows that not but anyway so um now your wife is also correct the social security system does three things that you would be unwise to step away from the social security system without covering for those three things one is disability uh and you would not be getting ssi or social security disability if you became disabled so you need to buy long-term disability insurance before you opt out oh you need to do that whether you opt out or not because the social security disability is not enough to live on so everyone needs long-term disability insurance anyway okay the second thing is you will not be receiving disability at our social security at retirement so uh you will need to save for retirement oh wait a minute you need to do that anyway because we've already covered they suck the rate of return the money you're going to get at retirement is awful you'll be eating alpo so you need to have a retirement account but not doing a retirement account not doing this social security and not having a disability account and then you retire broke or you get disabled and no policy your wife is right that would be really dumb okay and the third one is and it's not applicable yet but if you have children and you die your children get paid social security until they reach 18 on your behalf and you would need to buy life insurance to make sure your family is taken care of in the event of you dying before you're rich oh wait you need to do that anyway because the social security coming to your kids is not going to be enough and so i could consciously conscientiously object and step out but you got to cover disability death and retirement but you got to do that anyway i'm thinking about being a pastor dave all of a sudden so i can opt out part time of course dave i'm not leaving oh this is the ramsey show [Music] [Music] ken coleman ramsey personality is our co-host today here on the ramsey show i'm your host dave ramsey the phone number is triple eight eight two five five two two five if you feel like you're constantly running but nothing you do ever moves the needle you can't get off the wheel your money your life you know that's normal most people feel that way but right now in our world normal it's frustrating it's exhausting all the time but you can live the life you want where you're dead free where you actually have breathing room in your time and your money but it takes having a game plan and that's why we want you to join us for our game plan live we're doing a free live stream on september 28th me dave ramsey christy wright and george campbell and we're going to help you set a foundation for your goals and your money we're going to give you a game plan now i don't know what normal is anymore who knows what normal is i want to go back to normal i'm not sure i want to get back to normal i want things like the old days i don't want things like the old days um the old days had outhouses and cars that didn't have disc brakes and didn't have penicillin i don't want the old days um you know i i like it the way it is and so life life is pretty good but normal as of two years ago i'd settle for that but i don't think you're going to see that again i think we have a different world now so let's learn to live let's learn to live and not sit on the sidelines and throw grenades so we're going to give you a game plan september 28th to register for the game plan live stream text game plan to 33 789 text game plan all one word to seven eight nine open phones at triple eight eight two five five two two five marissa is in bend oregon hi marissa how can ken and i help hi thank you for taking my call my husband and i we are really frustrated living in oregon right now and so uh we are wanting to move somewhere that um to a state that is more in line with our values and what we want for the future for our children and we are in the middle of baby steps three and four so just trying to you know your advertisement about a game plan so just trying to figure out what would be the best game plan to plan a move like this something we had not planned on doing um at all we both were born and raised in oregon but it's just it's just too much we just it's so heartbreaking the place you were born the place you love the place you were raised doesn't feel like home anymore no not at all yeah so what is that what are the key things that are driving you out of there um so a lot of it is just you know the unrelenting mandates um i work for state government my husband works for a indian tribe here so it just is you know one thing after another our kids are just being bombarded by you know liberal anti-christian views when they're in school we actually live in more of a rural area so we don't have any other schooling options for them um so those are just the two big things a lot of the politics just you know the constant um socialist ideas that are being passed down in oregon so i mean all of it well the reason i ask is not to stir up trouble but i think it is good for elected officials to hear why their citizens are leaving right um and it's happening in california new york and mass it's happening in oregon and washington state it's happening around some of the major cities where the city has lost control uh they lost control of their cities and um and and people are they are not you know people who are the producers in our culture who are the peop the artists who make the art the business people who run the businesses the administrators who administrate the good moms and dads who do show up at the pta meetings uh they've lost their tolerance for this stuff and um we're seeing one of the biggest migrations in the history of the united states right now is since the time that this country was actually settled it's it's pretty bizarre so that's why i bring it up it's kind of a philosophical thing but worth talking about yeah marissa i'm curious if you could tell dave and i uh what's driving the destination the most is it the where or is it the what what you guys will need to do uh from a professional standpoint just curious well i i actually work in a prison here in oregon so you know my career field i'm not necessarily anticipating being able to stay in but my husband is a farmer he actually farms for like i said a native american tribe for their tribal government so he's very much i mean he has an ag degree from texas so that's kind of why we're looking at texas he's um you know familiar with texas really liked going to school there so his degree is in ag economics so he can run any part of a farm from the business end to the manual end so we're just right now we're focusing on getting him a job and where where would that be what would that look like especially in the midwest i mean even just uh job opportunities for him in oregon the farming community where they're out of water like you know so his his opportunities regardless of the politics are becoming few and far between so so that's another another thing that's driving our desire to move is career opportunities as well what do you what do you do tactically just to function in the prison system what kind of a job is it administrative in nature what do you do right now i run a life skills program so transitioning work so i can do that kind of stuff in a variety of settings and i also have experience in administration so okay um a little bit more marketable you yeah working for a different type of environment your career field might be can correct me if i'm wrong more defined by what you do rather than where i think that's been doing it i really wouldn't i mean i think it's i've been running a life skills program i've been in administration oh by the way happened to be yes in a prison system yeah i agree so once you guys get where the the right gig is for the hubs this is a wonderful wonderful job market right now and you're going to be very very attractive to a lot of different people so i just wanted to ask about that so i think dave at this point it's you know okay we got to figure out the place we've got a wonderful relocation guide that i do want to make sure kelly gives them uh at the end of this call we had a ramsey relocation guide it's free it really helps you walk through a checklist of everything from real estate professional uh schools packing everything you can imagine because part of the thing that freaks people out about a move is not having a plan you know it's just like what do i think of there's a million things and certainly when you're uprooting from one state and moving cross-country that's terrifying but we do have a great tool we want to give her that'll help i don't even know that you didn't know that yeah i talk about on the ken coleman shows we have a lot of people changing jobs and so yeah i guess i ought to know these things yeah it's a checklist so it helps you come up with a plan marissa we have this great relay no okay anyway the um the thing that comes to mind for me is i i always have to put stuff like this how do you eat an elephant a bite at a time you said how do you lay out a game plan i always have to put stuff that's this big a task in order uh almost like a flow chart until this happens i can't go to the next thing and the first thing for you guys is to land careers right you can't go on a wing and a prayer and hope somebody hires you so when you if you both had jobs making more or equal to what you're making now in a new market now moving starts to be mathematically fairly easy and that's another thing that's been overwhelming is um you know just the cost of living and our salaries here are quite a bit more than when i look at like texas oklahoma kind of midwest but i also know that we're going to be able to buy a house that's probably half the price of our house here you know so just trying to keep things those things in perspective too but when you look at your technology you can land the career with a track uh uh you know land the position both of you then in whatever city and you say okay that's where we're going then you can start unraveling the stuff on your end and making the leap but making the leap until you have the income waiting on you at the new place is um that's really dangerous and so that would be my biggest and first thing i would do if i were in your shoes is to you know jump on king coleman's site use all of his tools to land that job you love and this may be a time to transition into a different segment of your career field that gives you more meaning yeah as well but landon land that first and then you can talk about selling your house buying a house you can talk about moving you can talk about uh actually loading up the truck and heading to beverly hills it is swimming pools and movie stars texas tea this is the ramsey show [Music] [Applause] [Music] [Music] [Music] ken coleman ramsey personality number one best-selling author is my co-host today his new book is called from paycheck to purpose the clear path to doing work you love you can get it at ramseysolutions.com and if you pre-order it because it will come out in early november and you should pre-order it you will get over a hundred dollars worth of items with it including the e-book including the uh the audio book inc including what's other stuff in there well you're gonna get the the get hired course which is our digital course it really gives you the edge to beat the competition it's a wonderful little course we've got the live stream event coming up november uh we've got so many more goodies that are practical tools that are kind of in a suite there so that's where it gets you that incredible value so that is a fantastic it's kind of like you get all the tools that allow you to beat the competition that's what we're trying to put together here to give people the edge it's competitive right now that's the way it happens yeah this is the ramsey show triple eight eight two five five five jim's in sacramento hi jim how are you good how are you better than i deserve what's up good i've got a little bit of a pickle here we we sold one of our rental properties out here in california and we have approximately 310 000 in a 1031 exchange by the time we were able to evict our tenants and get out the market has kind of climbed a little bit higher we have uh we have emergency fund we're on baby step seven no bills and uh but the problem is we're kind of just short on cash without liquidating our emergency fund out to buy another rental property obviously don't want to take a loan but i also don't want to pay 60 plus thousand in taxes what would you do you have 310 000 yes sir i buy 310 000 rental property you can't you can't find them out here that's nice not true you can't find one you like correct but they're there i have i have my emergency fund as well as some additional cash but it would take my emergency debt fund down to just a low amount explain to me what that means how much money are you talking about uh we typically keep about 30 000 in our emergency fund so you're telling me you cannot find a property for 310 but you can for uh 340. running well i have additional money as well i have additional uh 50 or so 40 50 000 in cash but i don't want to want to liquidate every dime i have down you know i would have to go down i mean you're telling me you can find a house for 360 but not 310. yeah it's pretty close yeah yeah and the market's just crazy hot well i know that but um well you can do what you want to do i'm i think you um i it's just illogical that you can find 360 but can't fight 310. i mean if you told me you can't find anything for under 600 uh but so my 310 won't work you know i will argue about that that's that's at least a logic argument logical argument but three 360 versus 310 that could be a matter of negotiation that could be a matter of finding one that needs the gutters replaced correct yeah i understand we're looking at right about 380 390 and i have the cash for that you have a particular property you've fallen in love with no absolutely i don't fall in love with real estate you have a particular property you have your eye on we're down to about 14 days to identify a property in that 1031. so we want to you know we've had we've got two two or three we're looking at right now and they're right about 380 390. it just puts my emergency fund you know down to about 1000 bucks uh we make about 220 230 depending on bonuses so your emergency fund's down for one month or two months yeah yeah that's kind of my thought yeah yeah yeah i think you rebuilt the emergency fund like it's an emergency and you close on something if you got 13 days but moral of the story is don't wait until you paint yourself into a 13-day corner so you get desperate and have to make a move that's pinchy because this is pinchy it feels pinchy but this is all because not wanting to pay capital gains yeah you could buy less that's yeah um and you could buy you know hypothetically you know go to another market even go 100 miles away that's what i'm wondering and buy and buy 200 000 property you're gonna pick apple games on 110 not on 310 then so you only pay on what you don't use up out of this i despise taxes you know this i hate them but but but i mean it doesn't need to be the top the tail that wakes it up that's what i'm wondering if okay it's putting some false pressure here i don't it's not false pressure it's making you prioritize the wrong thing thank you for saying that better yes but it's like make good business decisions first great tax decision second yes not great tax decisions and bad business decisions that's exactly that's what's bothering you yeah yeah you're right i feel like it's just the wrong thing is is driving the trailer right so i think you're going to close on a 380 000 property because i think you can't get your head off of it uh that's what i think you nailed that i mean he's got something he goes this is a good deal if i can get it you know and he's gonna get it so you make two and a quarter no don't borrow money um you're gonna do it and you're gonna take a you know you're gonna run three months or four months without a properly funded emergency fund while you rebuild it with a 200 000 income and no payments in the world so um but god help you if something breaks in that new rental the first month you got no money that never happens though dave wow you're the real guy i'm with you i think it's worth talking about i hate taxes i do too i will do almost anything except a bad deal and that's what i'm getting at paying taxes here's the guys at baby step seven he's crushed it he's done a phenomenal job with his money and to try to avoid capital gains tax when your capital gains on 300 000 is 60. yeah okay but capital gains on a hundred thousand is you know 15. so um you know you buy something cheaper too as a possibility but here guys you you um the the pri in the decision-making frameworks that we use all of us use when you paint yourself into a corner and you start making statements like they don't have any of those that's when i start challenging you because they always have one of those i don't even know what those is yet but there's always another option when you start telling me there's you know it's like bless your heart when you're doing youth ministry and they go oh she broke up with me and she's the only woman on the planet yeah no she's not yes but by tuesday you'll see another one that's the truth that's the truth it's fatalism thing you know god only that's the one that god picked out for me there's only one you know there's another one had a guy say that to me once he said well what i really mean is she's the only one that would love mango now that is possible you're a real minister aren't you yeah i really have a heart for people you're a real pastor's heart it was a buddy chris is in new york hey chris what's up hey what's going on fellas um i'm i'm in a really uh tough situation right now um i just literally found out probably about a year ago i had a judgment against me since 2012. i i never knew about it i was never detected to check my credit or anything like that recently i've been trying to build build my credit and when i got the letter in the mail i said wait a minute hold on wait they they're taking me to court for garnishment so i did not understand at all why they would take me to court come to find out they sent papers that i was never served in 2012 and they got the judgment against me because i never appeared to court but i never before i run out of time chris what's your question oh well i'm sorry my question is is they my original debt was four thousand dollars they want right now twenty thousand dollars i call and i try to settle with them basically they said no we want the full what was this debt resulting from uh this was a credit card debt okay absolute horse crap they will settle for 1500 bucks and if you can't beat them down to that i know if you can't beat them down to that on the phone you need to hire an attorney don't pay them twenty thousand dollars it's probably not even collectible in your state so if it's eight years nine years ten years old yeah that's what i'm so confused by i'm like why like i just didn't understand it well basically here's what you've not done here's what you've not done you've not been proactive to start with you knew you had credit card debt did nothing about it since 2012. and then a year ago you got a judgment notice and now you're calling me a year later still working on it so you need to get on this man and get this solved time to put both feet on it now if you can't fix it you need to spend to spend 2 000 bucks on an attorney to fix it and get it solved but i don't think they can even collect it but i think you probably settle it for a thousand couple thousand bucks probably gonna cost you a thousand attorneys fees [Music] this is james childs producer of the ramsay show did you know the ramsay show is one of the most popular podcasts in the world subscribe or follow today wherever you listen to podcasts [Music] this is the ramsey show [Music] you can be intentional about your character you can have money and a career you are the hero in your story [Music] live from the headquarters of ramsey solutions broadcasting from the dollar car rental studios it's the ramsey show where debt is dumb cash is king and the paid off home mortgage has taken the place of the bmw as the status symbol of choice ken coleman ramsey personality and career coach extraordinaire is my co-host today as we talk about your life your money your career and how it all works together we're answering your questions at triple eight eight two five five two two five so ken this is an interesting and distressing part of our world today we did at ramsey a couple of years ago the largest by far airtight research the largest study of millionaires in north america in the united states of america ever done all the details where they come from what do they think about did they inherit their money what are their careers what's their marital status what's their race creed color whatever everything we could figure out and trying to find a and trying to figure out okay what does it take to become a millionaire in america today a millionaire is a million dollar net worth for those of you don't know it's not a billionaire a billion is a thousand million it's a lot more if you have three thousand dollars you're closer to being a millionaire than a millionaire is to being a billionaire as an example so it's not it's not private jets and seven cars okay that's not a millionaire a million dollar net worth is not that much it but it is more than most people have there's about uh 17 million millionaires in america and that's what you own minus what you owe equals your net worth your assets minus your liabilities is your net worth so if you have no debt and you have a million dollars in your 401k you're a millionaire okay that's simple that kind of a thing all right so we post on instagram yesterday and this is what is societally distressing that from this study not a feeling that we have we didn't ask your broke brother-in-law his opinion we ask real millionaires 10 freaking thousand of them who they are where they come from and one of the many conclusions we drew from this was the top 10 career fields that we found according to frequency within the study so who what career field did we find most often second most often and so on the most often we found was engineer the second was an accountant or cpa the third was teacher the fourth was management the fifth was attorney so not even making the top five is medical doctor by the way there were six number six but they were not even in the top five and we post that on there and instagram and facebook proves once again that humanity is full of morons i mean if you read comments after articles or comments after posts like this you understand why some peace species eat they're young people are dumber than a rock out there oh yeah a lot of mouthpieces some of you listening are dumber than a rock i mean i never heard this is ridiculous so here's the thing okay we've done detailed scientific research that proved that the sun is hot and we post it yeah on instagram the sun is hot some of you morons will disagree with that yeah just because you think you have a right to and you should really stop before you post something because it makes you look stupid okay was that unclear well probably i i felt like you could have had a little bit more enthusiasm for what you were saying i felt like it felt like it lost a little fervor no i think you're absolutely right this is data and you know what's funny is like people they want to argue like we're duping people yeah like what we're just saying yeah right okay ramsay teachers aren't really making that kind of money not where i live i'm a teacher teachers can't be millionaires no way teachers can be millionaires no teachers should be on there where are the nurses where are the nurses well you nurses get your butt in gear and i guess you'll make the dead gum list oh my gosh well what they're missing what these brilliant mouth breathers have forgotten in this post is that it has nothing to do with the salary has everything to do with the way they live now engineers certainly can make way more money than a teacher but it is they have lived on less than they make they have saved they have invested they've walked the clear path the baby steps their baby steps millionaires and that's what they're missing here they think oh i know what a teacher salary is you guys are just making this stuff up nice as if you're into cleveland i'll tell you what all five share in common all five professions are systems people that's right they all work systems yeah teachers work a a teaching plan they have a lesson plan yeah they work a system and they they if they somebody gives them a lesson plan they don't go make up their own yep they they follow the lesson plan and engineers they don't make up their own thing the bridge would fall that's correct they have to follow the system they have to follow the processes attorneys have to follow a process called the law you know you don't get to make it up you have to actually adhere to a process all of these people adhere to processes for a living and they take that same part of their personality and they apply it to their money and voila they become a millionaire so what is the data on teacher income well right now the median income in the united states is sixty thousand dollars so now before some of you folks start firing shots at me on that i said median you know what a median is anybody know if you've been in a good teacher's class you would have known it's your law of averages you just run your averages so there's no average is different than median yeah i know but i'm just saying if you if you look at the across the board of what the median salary is for a teacher it's 60. now that means in some districts in the united states like for instance i got a friend who's teaching high school in new york upstate new york he's making over six figures so this is across the board you look at the median and now we go okay this is what we're looking at in the united states but again it is about how they live on less than they make it's not this study wasn't pointing to how much they make it was how much they keep and by the way there is one other correlation between all of these millionaires they love their work yeah high quality 80 percentile range eighty percent if you invest from age 30 to age 65 in a decent growth stock mutual fund 15 of 60 000 you'll have 4.8 million dollars yeah there it is now you can also fire off a bunch of comments about that but that was math that you don't really get to negotiate with math yeah that's how math works it just is or it isn't that's right you don't get to make up your own version that's not enough so if that's so if one if you only are there's one fifth as good as we teach right i mean five million bucks 4.8 million right okay you would still have one million dollars right and and from age 30 to age 65. she's but dave that's all too clear-cut and simple for the keyboard warriors there's got to be more complexity they got to tear it apart it's got to be a game and that's unfortunate that's the sad part the sad part is is that we have a portion of our culture now who rather than fix their life and address the person in the mirror's deficits instead wants a narrative that declares them a victim there it is that can't possibly be true dave because if that's true i could do it if you're if your study was acute what do you know about my study you just you just if your mouth was shut you wouldn't be making noise oh my god but dave they're mouth breathers so the mouth can't be shut seriously people you really should abstain from the comments section reading them or commenting on them oh my gosh ugh this is the ramsay show [Music] [Music] you [Music] still on baby step number one huh how'd you guess with health care costs rising learn how christian healthcare ministries can help you make the most out of your budget visit chministries.org budget don't worry it's worth it [Music] [Applause] [Music] [Applause] ken coleman ramsey personality is my co-host today this is the ramsey show open phones at triple eight eight two five five two two five you know i gotta i gotta circle back one more time i can't just can't let that lay um there's a reason that you and i both get so visibly frustrated with people that have a victim narrative and insist on spreading their victim narrative we know from having worked with thousands and even millions of people that most anyone that follows a proven process can go get a great job can get out of debt and build wealth can have a good marriage we know that people that are that choose to control their behavior in spite of the negative influences from the outside in spite of bad things having happened to them and we all have challenges but in spite of the challenges we know that people can create for themselves carve out for themselves a good life if they bother when someone posts a negative narrative that says oh teachers can't do it then someone believes that or you're in an echo chamber with a bunch of people that says teachers can't do it then god help us teachers believe they can't do it and we know that that's not true and you've then limited someone's belief in someone's future and you've brought harm to them and we love people and we love people that so much we want them to win and anything that keeps them from winning including you debbie downers out there we're you're going to be at the tip of our sharp tongue yeah yeah i agree with that and let me just say this as much as we will take shots at people that that are constantly negative and cynical i i do even you could do it if you quit doing that i feel sadness over that because because you've bought in some form or fashion a false narrative you have had some bad stuff happen to you maybe somebody did something maybe you made a mistake and you did something dumb that doesn't disqualify you from being a victor i've never read a biography in my life and i've read a lot of them uh where the the story the person in the story that we're reading about always did everything right had no hardship had no self-inflicted wounds had no disadvantages so i absolutely agree with you we get fired up on this because we're in the business of hope we're in the business of giving people hope that they can be who they're supposed to be they can do what they want to do um and yeah it really makes me angry when people just go nah that's all a pipe dream and uh yeah it irritates us and we live in a world today where people really are influenced shockingly by if you really believe that then why do you feel like you got to share that with everybody else i mean you you have the right to believe and say and i will always fight for liberty to say and be negative and your that's what you want to be great but don't bring it around the rest of us yeah old country's saying if you ain't got something nice to say don't you say nothing at all i mean life is too short passive friend of mine used to say if it's not helpful hopeful or promotes healing you don't need to say it that's good yeah it's not helpful hopeful or promotes healing yeah you don't need to say it yeah and um i can i could take to that advice occasionally too i just called a whole bunch of people stupid so but i think that might have been healing though i think it was it was it was a little therapeutic for both of us yeah me and you were healed by it yeah but i will say this i think it's fair to say that someone is stupid or unintelligent when they argue data yeah but by the way those are the same people that go science over here but we're going to argue something we don't like and he you've heard this before you don't like it yeah that's right we hear what we want to hear we see what we saw chamber city man it's just people man oh man ryan is with us in fresno hi ryan welcome to the ramsay show hi how's it going good man what's up all right so question for you um i made a non-dave decision about four years ago and i need your help getting out of it okay that's an interesting way of saying it non-dave meaning it was a bad decision thanks for the compliment but how can i help tell me what happened yeah so my wife and i went in on a property with her sister and her husband and it's 20 acres it has a primary house and it had a mobile home on it so my wife and i we took the primary house and they took the mobile home it was all agreed upon everything good um we decided to split the ownership 50-50 uh 50-50 but they get the trailer that was uh what we agreed on you're a good negotiator uh yeah so i pay a little bit more uh for homeowners insurance just because we are in the primary house we have to have two separate homeowners insurance just i don't know that's how they worked it out anyways my brother-in-law they either want us to all sell this place together or they want me to buy him out and we can't come to an agreement on how we want to do that we uh basically our relationship is just showered and uh so we're we're kind of at a standstill of how we how we can go about it that's sad yeah i don't know if i i don't know how much help i can be with the relationship part um there's a i have a couple of thoughts on structure if you want those you went into it 50 50. so why don't you just have the property appraised and pay him 50 percent um hello let's say yeah can you hear me yeah can you hear me oh yes okay why don't you have an apprentice you put in 50 each put in 50 right and he got the short end of the stick and lived in the trailer all right yeah and now he wants to buy out why can't you pay him 50 of the value what's wrong with that well the the value is somewhere around 400 000 yeah and uh so that would mean so how does that mean i'm paying him 200 000 or just he owns 50 of it he bought 50 of it you bought 50 of it we don't we don't own the home outright though we're still paying on a mortgage okay together yeah okay then it's 400 000 minus the mortgages divided by two okay uh so if it that you're saying the total 20 acres and the two pro the house and the trailer are worth 400 grand is that what you're telling me yeah okay and how much is the mortgage uh we owe about 320 on it okay you're gonna have to get that refinance to get his name off of it for him to be free but you've only got eighty thousand dollars worth of equity you need to write him a check for 40. not really i'll come to that in a minute but you're half you buy out his half what's why is that complicated i just i don't want to go into even more yet i'm just i think i'm having trouble figuring out how to i'm paying him 40 000 and then accruing the remaining balance of the mortgage yeah but you also own the property 100 percent okay okay instead of owning a thousand dollar property now you own a four hundred thousand dollar property that's good okay and so uh can you handle the mortgage by yourself i think that might be the problem uh yes yes i can what's your household income uh last year brought in about 72 okay you can't afford this this payment by yourself can you it's your household income you and your wife yeah my wife's uh stay at home okay we have a uh we run a small family ranch where we live yeah i'm sorry sir i don't think you can afford a 400 000 mortgage or a 300 something thousand dollar mortgage 350 000 mortgage on a 72 000 income i don't think that's going to work well for you your payment when you take this out on a 15-year fix should be no more than a fourth of your income i think you guys are selling this property that's what i think and you guys are you and your wife are gonna live somewhere else and your brother-in-law's gonna live somewhere else it's a sad deal though it's heartbreaking [Music] [Music] all right ken i want to revisit the last caller because i had a thought all right the break um a solution okay so let's revisit he and uh his wife's sister and his brother-in-law the four of them bought a property together 20 acres uh they live in fresno california and it has a trailer on it and a home on it they moved into the home the brother-in-law moved into the trailer uh the brother something's gone sour and the brother-in-law wants out he wants out of the deal they both put in 50 that's the property is currently valued at 400 000 and they owe 320. those were the facts going into the break okay um he makes 75 000 a year he can't afford the payment on the whole thing if he buys his brother-in-law out uh it was my point going to the break so that sounds like they're going to be forced to sell out of the whole thing i did have another way because he's he also said i think he's ranching on that property so he's i was not only getting rid of his house i was getting rid of his his job his sole income yeah everything i mean his whole life's upside down so um i hated to just throw in one of the bus head into a commercial break so here is a thought for ryan um [Music] you can subdivide 20 acres and take the 10 that you want to keep and the 10 that the brother-in-law keeps the brother-in-law sells his 20 acres or his 10 acres and the trailer is on that he takes that money pays half of the mortgage off because he's liable for half of the mortgage the mortgage is 320 so that puts it at 180. did i do that right no no well 320 and a half is not one that's 160. thank you i'm the money guy keep it keep this in mind i was a little nervous heading into that to be honest with you i did some quick math myself i was like before i questioned that i thought i thought i thought dave yeah i had to take my shoes off under the desk and use my toes okay so 160 000 yeah all right so brother-in-law pays off 160 000 right whatever's left from the sale of the 10 acres after he pays off 160 000 he puts in his pocket and walks away i like that he's just been bought out now then ryan has to go get a new mortgage for 160 000 only owns 10 acres has no money out of pocket and um he can put that on a 15 year and survive making 75 000. that's right but you're not going to have 20 acres ryan you're going to have 10 acres subdivided 10 acres each brother-in-law sells his takes these money proceeds for the sale pays off half of the mortgage simultaneously ryan's gonna have to get a new mortgage at the same closing table for 160 000 to give clear title to the new buyer on the 10 acres the buyer on the 10 acres and the brother is going to get whatever if he sells that for 400 grand yeah he whatever the brother can sell his brother-in-law can sell his 10 acres for he gets that money yeah minus 160. he has to pay off his half of the mortgage and then ryan can keep his property but he's only going to keep the 10 acres which is all he ever had to start with right because it was a partnership on 20 acres yeah so um now if ryan needs 20 acres to run his ranch i don't think he can afford it there's the problem yep that's the only asterisk there on that one yeah so um and you're going to have to find a way to subdivide this but in most counties in the united states of america you can subdivide 20 down into 10. very few places keep you from doing that and sell it off and then the brother-in-law got what he got and that's his half you don't have to argue about what it's worth he let the market tell him what it's worth yeah but he has to bring 160 out for his half of the mortgage all right now we got there i feel better about that solution jonathan is with us in fort worth texas if i pick up the right phone line anyway there he is jonathan's in fort worth hey jonathan how are you hey dave i'm doing great thanks for uh taking my call today sure what's up so question i have uh my wife and i we've been dave ramsey for a year and a half and debt-free for a year a little background story we're retired military and retired in texas but through that process we had a house in another state i kept it as a rental for about the past 10 years and now we finally got it on the market and we're going to close on it next month so the question is the gross amount that we earn from the sale of the house do we pay that on our mortgage here in texas we also have about 120 k in a traditional ira or do we pay to roll that to a and then use the remaining balance to pay off our texas mortgage wow well nothing in the list is dumb uh both things could be under the heading of smart according to what we teach on the baby steps i would pay down the house in texas because i don't convert to a roth until baby steps seven i don't i don't want to create taxes until i get my house paid off and so um what's the balance on your home in texas uh so the balance is at uh 480k uh we're on a 2.25 percent hdr and we're on a for the simple math it's a 30-year mortgage it was cheaper at a third year but we're paying it off at a 15-year rate plus a little extra so i think we're about on pace to do a but the balance of the balance is how much again 480. and what do you how much are you getting from the property that you're selling uh we're expecting the growth of about 200k oh excellent okay yeah i would throw it at the house okay here's the deal i don't want to create taxes and give the government the tax money while i've still got house debt because effectively you would have been borrowing on your home to pay the roth ira taxation you follow me okay that's why i did that in other words if you've got you know let's just pretend that you've um you owe 200 000 on your house 280 000 on your house okay and you have the opportunity to convert to your roth ira but it's going to create 200 000 worth of taxes are you going to go borrow 200 000 more on your house in order to convert to a roth no if you use this money to convert to a roth it is exactly the same thing in a balance sheet scenario where you lay it out on the balance sheet you created the same thing you just did it in reverse and that's how i decided not to do that that was the the thinking critical thinking path i use to say i wouldn't borrow on my house to pay taxes on converting a traditional to a roth and i won't pay taxes converting a traditional to a roth in lieu of paying down my house it's the same thing but backwards that's all that makes sense i was following but the speed and the pace by which you do it it i have to really catch up i really do you you you know 35 years of doing this is pretty good folks so that's pretty good stuff well it's not it's not rugged but it's just i'm well i have to think about how the stuff is going where and if i once i get that then i remember why i have the baby steps that's because watermelon is a lot of times what we're doing you and me is your your clear path your steps of your you know your steps of uh the seven stages doing things you love right yeah uh there's a reason that they're there right and when something comes up and you go i don't know yes this is an exception then you go no because that's right here's the way i did that you're walking through this here's the logic oh sure yeah if you do that then you can understand oh well that's why the baby steps still work after all these years yep that's why your clear path to doing work you love will still work 20 years from now well one of the things that when you walk through that what it does is by by using that methodology and the way you you kind of logically work through that it also takes out the emotion which i think is so important you know because our emotions get in the way so many times just could be a little emotion i mean it doesn't have to be some big fretful fearful thing it could be i got a little bit of doubt is this the right thing i'm a little bit nervous about this you know there's a there's a you know cornucopia of emotions that can get us into a place where we go uh and it's like no let's walk through this from a process standpoint that's the power process yeah and um so much of what we are trying to influence you guys to do is a proven yes process and his question is really really good oh yeah because a high-level question very absolutely and and uh it's also really good because neither answer is in the stupid column that's right it's not like he's got some bad options do i lease a car or do i finance a car yeah okay both in the stupid column right so you know do i get a mastercard or a visa that's right both in the stupid column discover or american distress yeah yes no both in the stupid column yeah whole life or universal both in the stupid column payday lender or timeshare both in the stupid column you know i mean both of his were in the smart column that's right this is the ramsey show [Music] [Music] [Music] [Music] [Applause] [Music] so [Music] ken coleman ramsey personality is my co-host today if you've been stressed out about your retirement savings because of everything going on in the world should you really be concerned or are you just in freakout mode you know sometimes we get a little drama queen inside of us right me as well and that's why you need somebody in your corner to help you with this stuff you need someone to walk with you when you're freaking out to teach you to talk with you talk you off the ledge and go don't jump off all roller coaster in the middle of the ride that's what you need to be reminded of when it comes to investments what we recommend is a smart vester pro they're investing professionals that we've carefully vetted smart vista pros have the heart of a teacher and they agree with us on what we teach text invest to 33 789 and you can find a list of the smart vester pros in your area one of them will sit down with you help you with a retirement plan help you with an ira rollover a 401k rollover help you get your kids college set up and then when the market goes crazy you can even talk to them about it and they'll tell you what's really going on text invest to 33 789 steven is in phoenix hi stephen welcome to the ramsey show hi dave how you doing today better than i deserve what's up so i've made it to becoming debt-free except for my mortgage in arizona but we're thinking about moving to florida and i want to know if i should sell my house in arizona and pay off on cash in florida uh if you're moving to florida yes okay what's the sole purpose of that question are you moving to florida just for cheaper housing or are you moving for for purpose for professional for family what's going on so i run a crypto mining business out of my house here but i'm in an hoa and we're looking for states that are i guess more leaning towards the red side more freedom um oriented but i just have to convince my wife um to sell our house here because we currently have a mortgage to just pay for one cash out right in florida without an hoa so i can grow the business as well have you done your homework on a specific spot in florida that you got in mind here is this is this all theoretical no so i've done research i'm looking north of orlando kind of near the deland area for about around an acre or so this is what we're looking for to set up like a mining shed but it's just kind of convincing my wife to get on board with the whole idea because it's kind of like a big it feels like a big risk why is it a big risk it's just a big change i think and she's just worried about it maybe the mining business not working out in the future because it flows with the market so it's not always profitable right but that's true in arizona and in florida yeah exactly so having no mortgage in florida while you're in an unbelievably high risk business um would be less stressful than having a mortgage in arizona while you're in an unbelievably high risk business how old are you 29 yeah i think your wife's telling you she doesn't like what you do for a living for risk-wise i think that's what's happening i could be wrong could be some family involved you know didn't want to leave family i mean this is this is a marriage issue here this is some communication sit down and get on the same page are we together the problem is is you're trying to reduce um your entire life which is your relationships your church your where you shop for groceries um where you uh how how close you are to relatives um all of that down to a decision on whether you have a shed or a mortgage and um it's not it's not that simple there's more variables involved and even uh one of the variables is it that you're in an unbelievably high risk business and um uh your your wife um uh uh is i think she may be saying that to you uh maybe she doesn't even know she's saying that to you but that's scaring her um and because you know but but it's not as simple as housing is cheaper north of atlanta or north of orlando an hour than it is in phoenix which it is but there's parts of orlando that are not cheaper than phoenix so you know if you go north of phoenix well not north of phoenix but if you go outside of phoenix an hour probably not north towards sedona but if you go a different direction you might find land that's very very cheap there too without an hoa and if you sold your house in phoenix proper like if you're sitting in scottsdale which is a very expensive market you could move out of there and probably pay cash for something an hour outside of phoenix so i i don't care where you live yeah and i just want to point out that what it feels like dave is that okay this is really risky it's making my wife nervous but i can buy some more time to keep going with this risky business if i remove my mortgage and i just need a little more time and and and i i feel like there's something there that's the governor of arizona is a very very strong liberty champion so arizona is not the the politics in arizona florida blue state no no they're not different so i just want to point that out i'm trying to take away the excuses yeah josh is in nashville hey josh welcome to the ramsey show okay hey there anything sure what's up hello hello what's up hey hey i was just i was going to ask a quick question about some student loan guidance um i'm a physician assistant i just got married about a year ago i've been working for a year congrats yeah thank you me and my wife have a we have uh a lot of money in our checking account because we don't spend anything uh we don't have a car payment we're renting a townhouse and we just don't know what to do as far as paying off loans versus starting to invest and kind of where to even start phenomenal cool how much is in your checking account uh we have about 40 grand in checking and then four or five and uh kind of an emerging a little emergency uh separate account okay um and it's just sitting there kind of doing nothing and your wife is what um she's a speech-language pathologist she works part-time from home right now for the covenant two phenomenal careers with high income potential what's your household income uh right now it varies um because i work in the emergency room so hours kind of swing but generally it'll be from 140 to 160 yeah yearly yeah i think both of you get kicking in you probably break the 200 pretty quick between the two of you very good yeah very good okay well what we know and what data data tells us in 30 years of doing this is that the quickest play between where you are now and wealth is first to alleviate debt because it's the biggest blocker for you on wealth building and it adds risk to your life and so we're going to attack the student loans with a vengeance if i'm in your shoes and to the point that your friends think you've lost your mind okay and we're gonna get on tight beans and rice rice and beans budget we're gonna take all the ot we can get and we're gonna drop 39 of the 40 on this student loan today and we're going to put a tight written budget together and begin to attack the rest of this you will be blown away that you're going to be debt-free in under two years maybe as quick as a year oh wow but you're gonna have no life during that time you understand that yeah yeah and we just you know you don't have a life anyway you don't spend money yeah we we take cheap vacations and kind of you know make one dime thing but yeah but what if you did nothing except pay on debt for one year and you made 160. oh by the way you said you said you had 150 but we just put 30 or 40 on it so you got 110 now i mean how quick can you pay off 110 if you didn't do anything else you might do it in a year yeah we could probably get rid of it real fast yeah and see then you got the whole rest of your life to become wealthy without that stinking sally mae in your spare bedroom yeah yeah that's what we teach think about what do you think about you know because the more we talk about it the more we think of oh we don't have any investments you'll get your investments you're going to be making 200 and some thousand dollars a year and no debt you'll be able to invest like a maniac all right well you know i told my wife i'd call an f but i think everything you're saying she said you would say oh i think she set you up yeah yeah hang on i'm going to give you a gift i want the two of you to go through ramsey plus our financial peace university and i'm going to give you ramsey plus a membership for a year because you guys have got real potential if you'll follow what we're teaching i'm going to give it to you free won't cost you a thing i just expect you to watch the dadgum videos and go do what we teach i want you to win dude hold on it's our late wedding gift to you kelly will pick up [Music] have a friend or family member that needs a daily dose of ramsey advice in their life let them know about the ramsey [Music] this is the ramsay show [Music] you can be intentional about your character you can have money and a career you are the hero in your story live from the headquarters of ramsey solutions broadcasting from the dollar car rental studios it's the ramsey show where debt is dumb cash is king and the paid off home mortgage has taken the place of the bmw as the status symbol of choice i'm dave ramsey your host thank you for jumping in america this is your show open phones at eight eight two five five two two five ken coleman ramsey personality number one best-selling author and host of the new book from paycheck to purpose the clear path to doing work you love is my co-host today so we'll take your questions about your life your career your job which he talks about on ken coleman on the ken coleman show every day on 75 radio stations a podcast on youtube and we'll take them right here as well and we'll talk about your life and your money free call at triple eight eight two five five two two five christy is with us in asheville north carolina hi christy how are you hey dave i'm good um thank you so much for taking my call sure what's up um uh first i wanted to say thank you because um just going through your program we are debt-free including our home yay and thank you yes um so we are and we're doing step four and we're about to start step five our daughter is seven years old and we're trying to decide between the 529 or the esa and kind of leaning towards the esa because by the time she's 18 that'll probably be enough because we don't want to put too much and you know pay for stupidity so um so just kind of wanted your opinion on the differences okay all right well to clarify if your home is paid for you're a baby step seven and so now you're saving you're continuing to save for retirement continuing to save for uh college but this is all just wealth building baby step seven's just become wealthy and outrageously generous so if you have an emergency fund you're 100 debt free house and everything you're at baby step seven but anyway um the esa and the 520 and are kissing cousins obviously they're very similar esa's educational savings account it is only one thing it is only two thousand dollars a year and it is only for people that make less than two hundred thousand dollars of your household income and it only grows tax free and there is no tax deduction for what you put into it and so if you put a mutual fund into an esa it's going to grow tax-free for the number of years you can put up to two thousand dollars per year into that and that's it very simple very cut and dried it can't be anything else 529 has a bunch of things under that heading a lot of which we don't recommend for instance prepaid college plans with some of the states are technically 529 plans there's another kind of 529 that locks in the investments and they're frozen you can't move them once you pick them they're fixed the entire time no flexibility bad 529 there's another kind of 529 that's a life phase where they move the investments to more conservative investments less risky investments as the child ages automatically i don't want you to do that i want you to manage the money okay the only kind of 529 we have is where you pick the mutual funds just like you do in the essay so they're just a like like that you invest in them and you completely control them they will not move unless you move them and no one else is going to do it for you and you're in charge okay just like the esa now so once you've done that if it's that kind of 529 the differences in the 529 the esa are not many both are after after-tax investments both grow tax free both allow you to control and move the investments inside of them as many times as you need to and within the mutual fund families particularly is a great idea okay so all of that's the same you're you do not have an income limit of 200 household income limit of 200 000 on the 529 and you are not limited to the 2 000 per year most 529s allow up to 10 dollars a year some even more so if you want to put more money in or you make a little more money that type of 529 does exactly the same thing but allows you to put in a little bit more and deal with a little bit more or if you're like if you're playing catch-up and you make 300 000 a year you want to dump some money in that's fine but if you got a baby and you make over under 200 grand and you can drop two grand a year into it you're gonna be just fine you're gonna you have a lot of money you have 150 000 bucks probably in there but if it's in a good mutual fund by the time that baby's 18 and like you said that's enough to get start making some really good choices you're probably going to have some other wealth if you want to add to it and you're going to be in really really good shape so very well done it's an interesting discussion and it's great to get ahead of it and it can it really is because when you start to think about you know if any investing advice or thinking about in you know putting money away and watching that compound it doesn't have to be a lot and that's a wonderful example on how you can well i mean 150 000 for one kid is more than enough for any kind of quality education that you're looking at today i don't know about 20 years from now well that's a great point that's a whole other discussion yeah but it's a good discussion though it really is because higher education i think it has problems uh it's very susceptible right now there's no question i think this idea that they just get to keep raising the price forever is over i do think that is over i think you're gonna see the cost of which i think you'll see a splintering um you know i think you're going to see more and more organizations training people for the jobs at hand google's already doing this they've come out and it's very very clear move into the marketplace and you're going to see other large companies come alongside of them so that should be plenty of money we hope uh i think it will be but that is a separate prediction and conversation but the cost of college and and higher ed is going to have to it's going to have to be reckoned with because i think this this student loan of course we got this great documentary coming out borrowed future it's going to absolutely punch all this right in the face and i hope tip the domino i believe borrowed future our documentary could be dave the tipping point that finally i believe we make this a more mainstream conversation yeah you know we all are pretty much in agreement that the student loan program is an epic failure absolutely we're all pretty much in agreement that this unfettered flow of money out of washington to these universities has caused them to without without reservation raised price after price price after price after price so the supply of cash has driven the price up unbelievably yeah and then you add to that the pandemic comes along and now they want to charge just as much for you sitting at home that's right now there's no football games yeah well now there is but i mean now there's no campus experience no now there's no this or you've got all this woke stuff and other stuff going on to the point people don't they're not even going for education anymore now we're going for the cultural experience right and uh nobody wants to pay 200 grand for that anymore no and the swollen endowments right we got all this money sitting over here and we're not helping kids that need some financial aid the narrative is just really snowballing poorly yeah it's not it's not going to go well for higher ed um and i'm not against higher ed no we're not no we are not we're we're proponents of it but uh uh once you be sure and check out borrowed future it's going to be anywhere that you want to plug in to see a paid documentary you'll be able to watch it um it's coming out the uh in october uh the 13th 13th i believe it is yeah i think so hope that's a friday no correction do we have that right yeah what is it what are you saying 14 okay okay good close enough you'll be able to find it right there in the middle of october yes sir borrowed future it's a big premiere we did a whole thing here the other day with it it's the whole team watched it and it will make you so angry when you see how nasty these people are behind the scenes this is the ramsay show stop paying your overpriced wireless provider and switch to pure talk they use the same network as the larger providers for much less for just 30 a month get unlimited talk text and six gigs of data with no contract the average family saves over 70 dollars a month by switching to pure top just go to puretalk.com and enter the promo code ramsey to save 50 off your first month pure talk simply smarter wireless [Music] [Applause] [Music] [Applause] [Applause] ken coleman's new book is from paycheck to purpose the clear path to doing work you love [Music] ken this is um more than just climbing the career ladder this is more than just making more money yeah this is about income and impact everybody wants to make a difference in this world we just do it doesn't matter where you're from what you believe uh your politics doesn't matter everybody wants to make a difference and there is this world view of work that says i just work to be able to get a paycheck to be able to live that's the provision piece but you and i know that there's contribution and that's what that title in four words really outlines the provision is the paycheck but purpose is the contribution and this is a seven stage clear path is what this book is about that not only helps you figure out what meaningful work is what work that i love to do is what is this work i was born to do this contribution i was created to make it only helps you there but then it walks you through the journey it's not just get clear it's then get qualified how do you get qualified the right way for less money but gets me into the door how do i get connected so opportunities show up and knock on my door how do i start where do i start the right place so that i'm on the right ladder how do i get promoted that bigger shovel hello more money more impact how do i get the dream job and then what what does it mean to give ourselves away that's just a real quick you know pass through the seven stages but it is a clear path that shows you what you could do and tells you that you should do it and uh it demystifies this climb that so many people think and you know i was just thinking for a moment when i talk about this why did i write this book and what is how does this play into the money game that we talk about i've never once now i'm sure there's been one or two but i've never once in my time here seven years at ramsey solutions heard a debt-free screen where the income did not go up on some level and there's more to it than just you know well we were getting after it and we were trying to hustle through it there was a vision and that's what drove everything else the intensity the gazelle intensity is about the vision the baby steps give and this idea of working for purpose uh it's more than just income and we can help you get the bigger shovel and move up but more importantly wants you to do work that you love so that when you get to the end of your life dave you look back and you reminisce on the impact you made you don't regret that you just worked for a paycheck and that's what this is about yeah this is a a lifelong guide yeah this isn't a question you need a better job no no this is not uh this this is going to walk with you the whole way building your career helping you step through the leadership ladder making an impact coming home and going because what satisfies you and rings your purpose bell today won't ten years from now that's correct your vision grows i've always run ramsay for 30 years based on purpose but my purpose has evolved and yes it is absolutely for sure that's right and so that would be true in any career path i'm no different than anybody else in that regard yeah so if you pre-order today the book will come out november the 9th and we will ship them to you where they're on your doorstep that day you're going to get also the get a promoted bonus pack 20 bucks for the book and it includes over a hundred dollars worth of stuff now here's what comes free the promoted the get promoted audio lesson from ken the disc assessment and from the paycheck to the the from paycheck to purpose live event and a 30-day free trial to ramsey plus and more and over a hundred dollars worth of free stuff total to get you started and get you set apart from the competition ramseysolutions.com to pre-order the copy of the new book paycheck from paycheck to purpose only twenty dollars again street date on this is november the ninth our question of the day comes from blinds.com find out for yourself why blinds.com is the number one online retailer of custom window coverings they do a great job that's it they have free samples free shipping the new promos they run all the time you'll save even more use the promo code ramsey to get the best possible deal today's oh sorry dave go ahead rules and restrictions apply cut him off folks i'm so excited to get to amy's question from kansas i applied for a job with a salary range of 16 to 18 an hour which would be a raise from what i'm making now i went to the interview and i know i did well they looked up how much i should get paid for the job based on my credentials and it came out to about 25 dollars an hour i'm afraid that their budget may get in the way of me being considered for the opening this job is very specialized and it's not something everyone can do what would what i should be paid disqualify me from getting the job so what amy's asking here is is hey they looked it up and they think i'm going to want 25 an hour uh but uh this is what they think you're not going to stay because you're going to get 25 that's right so what do i do so here's the deal it shouldn't keep you from getting the job amy if you communicate properly and the fact that you've already they've already told you well we think it's 25 hours what uh what you could make you got to go hey it was advertised at 16 18 or that's what you told me and i'm thrilled to jump in at 18 i'm ready to go or whatever they offer i want to prove myself i want to grow i want to do this work don't let that bother you i think this is a good fit you got to communicate that and i think that humility but just straight up honesty that you want the gig and tell them why you want the gig don't let their worries and their fears or what you think may be their worries and fears fit into this you just tell them i want the gig and i'll be thrilled to take the gig so here's the thing the kids my kids years ago there's a thousand years ago they were teenagers it feels like but they had this thing what they did and they called it awkward turtle right and that was if a conversation is awkward yeah what do you do oh this is awkward it's an awkward moment right right and you know that's what this is that's exactly right and the best way for the elephant in the room to magically disappear is to say there's an elephant in the room great it's so true yeah yeah he goes away yeah here's the elephant you guys looked it up and this job pays 25 an hour you don't have the budget for that you're afraid i'm gonna leave because somebody's gonna offer me 25 an hour i'm saying i'm not doing that i'm taking the job you need to hire me this is a done deal quit your fretting yeah you say that poof yeah there's nothing to be tense about here yeah yeah just hold on the only question whether they believe you on that or not but here's the thing people are paying some ridiculous figures yeah for jobs for people to move now i'm hearing just some bizarre numbers on things oh out there just to get human beings to show up to work yeah it's going to blow their mind when you tell them you want the gig yeah they're going to look at you like you got horns growing out of your head you know we get in trouble sometimes that boy i've been married 23 years coming up on 24 years and the biggest trouble i've ever gotten into dave with stacy is when i try to assume or try to anticipate what she's thinking as opposed to just talking to her plainly or asking her questions when i try to anticipate or try to analyze something that's not there boy we get this thing all worked up on our head and it's not that big a deal just tell them i want the gig there's so much low-hanging fruit here that i could come with there's no way that you could know what's in stacy's head because it's way smarter than yours this comes to mind doesn't it it's just one item you're absolutely right that's just one of the myriad of reasons why i shouldn't do it [Laughter] oh my gosh no i mean yeah that the thing is if if something is weird stressful um the the the demons around this they don't like light yeah and when you shine light on it they run for the corners the roaches run for the corners as soon as you turn the lights on and awkward conversations have that sense to them that you know this is a difficult yeah thing for me to cover yeah this is a hard thing for us to talk about this is a weird thing for us to talk about uh but by talking about it it loses all of its power it's so true yeah and many times what we think is going to be awkward for us isn't awkward for the other party so just be an adult have a good posture a good spirit about you and as you said i was in your shoes i might be thinking she's gonna leave and take the twenty five dollars i love that so why do i wanna put her in there only to lose her in just a few months i want you to know i've already thought about that and i plan on staying and i'd be honored to take this position i would like to know how i can even add more value over time to where i could make 25 but you'd be happy to pay me that because i made you 50 dollars that's cool so i mean that kind of a conversation is really powerful and oh yeah as a follow-up after an interview that would be pretty strong yeah they'll be in a hurry to sign you i think so yeah this is the ramsey show [Music] so [Music] thank you [Music] in the lobby of ramsey solutions on the debt-free stage evan and liz are with us hey guys how are you hi dave great dave welcome where do you all live we are just north of detroit in michigan oh wonderful okay like rochester or ferndale between rochester and detroit perfect cool well good to have you guys welcome to nashville and to do with that free scream how much have you paid off 93 000 in 27 months hey good numbers and your range of income during that time uh we started around 80 and finished around 1 30. good what do you guys do for a living uh liz works in the home and i work in uh systems administration a lot of automation powershell that kind of thing cool i.t computers i can tell that that kind of stuff yeah so i got to ask real quick what's what led to the big jump here that's a big jump yeah uh we got gazelle intense uh at some point during our journey we we got to the point where we couldn't scrape any more off the budget and had to just get a bigger shovel um so how'd you increase your income 50 grand yes yeah i know it sounds crazy um uh certifications and a mixture of that and getting the right job um just found a you change jobs uh employers um so just working my way up yeah so you got qualified and you got promoted very good there you go nice good work wow and he got the olds company to pay for the certification they paid for some furthering education and then he leveraged that wow very very good well those search are very valuable obviously well done good for you guys what kind of debt was the 93 oh a little bit everything but mostly student loans student loans overwhelmingly student loans how much of it was student loans i'd say 85 oh wow hardly anything else yeah yeah yes we had a tiny car loan a tiny medical loan yeah how long you all been married uh nine years yeah yeah what happened uh 27 months ago two years and some change yeah we finally had the uh i've had it moment that you've talked about where we were making very decent money and all of a sudden all of it was going out the door to other people and it didn't make a lot of sense to us to keep that around so we listened to your book on a road trip or i did for work and it just made sense it clicked it was within like spitting distance oh we could do this like it's not just far off thing that like only superheroes can do like we can just make this happen wow that's a good line i love that yeah there's some depth there's not just for superheroes we can do this yes and you are superheroes by the way but yeah just the same so you came home from the road trip and said liz i've been listening to audiobooks uh no i said we should sign up for a financial piece and she said well we had heard about it before um but our good friends at our church um he was leading the class and i was like fine i'll do it oh that made it up um and so then we took the class together and i felt like for the first time in our marriage we were really aligned on what our plan was going to be yeah financial peace university your friend is teaching it you join the class yeah okay i'm always interested in this i mean i've been doing this for 30 years but i'm still it's always intriguing to me because i know how my brain works when i'm going into something like that i walk into that class i've got all of my cynical shields up i mean cynicism is a spiritual gift for me i mean you know it's just like i i i was i'm thinking there's this is greasy this is slimy this guy's trying to get my money and uh and i i'm gonna be pretty cynical you might not have been that jaded but um but you still have to not know what you know it never is what you think it's gonna be you know what i'm saying yeah you think it's one thing but it was something else what were you thinking it was gonna be and what was it i think for me um i thought it was going to be kind of this like health wealth prosperity like just trying to make yourself rich for the sake of making yourself rich and i think what really sold me was your vision of generosity to people um that it just had it's not just about you it's about it's so that you can help others and um i used to be a teacher in detroit before we had kids and so i just felt like that really resonated with me this is an important way to get our situation together so that we can do more of what we want to do for other people okay so yeah yeah that does change that changes the nobility of it um to say it's about others and because it is yeah but it changes the spirit on how you're going um and so you just come home from the first class and say game on we're doing it huh yeah um i mean it was overwhelming at first um when we ran our initial numbers i think it was like in five years at this trajectory um then we'll be debt free and um yeah but we just saw the lord's faithfulness i think every month just like paying off more than we even anticipated we'd be able to pay off in little ways um and so i think that motivated us and as we saw our on our spreadsheet yeah it just the time kept decreasing and decreasing so yeah evan it's fun when spreadsheets quit working it's going faster than we thought this is going good yeah it builds up emotional psychological spiritual momentum yep absolutely yep 100 wow wow i want to ask you this you just talked about that overwhelming you know it's just so much to take in right and you go home and you put the first plan together five years boy that feels like forever right but at some point you get to that class and i'm just wondering how much the community of other people going through it help you not be so overwhelmed with the climb you're not alone speak to that and what that felt like going through it with other people yeah absolutely i think the transformation in our marriage was we were at a point where we both felt like we were dealing with finances separate um and then all of a sudden we started having these conversations and i think the same thing happened within our community a church where we're not having to deal with the separate struggles yeah but now we're very open with our numbers very i mean we just televised our numbers right everybody right we can be open with that we say hey we struggled hey we never talked about finances the first eight years of our marriage for seven years of our marriage and we were it wasn't good like we didn't have shared values we didn't have these shared things and i feel like it opens a avenue of vulnerability that's powerful can i think a sense of freedom that yeah you're not defined by this like it's okay this doesn't define who you are as a person yeah there's no stain on you there's a brighter future removes the shame yeah yeah that's good way to go guys heroes man look at you how's it feel to be free amazing so good just yeah was it worth the sacrifice it was it was worth it and worth it for our kids and um just we have hope for them for the future um so we're really what was the weirdest thing you did to cut spending down to nothing i don't know about cutting spending we lived really minimally um but he did some funky things for side gigs before he got the job promotion oh okay yeah i think the weirdest thing was score keeping at a table talk hockey tournament one weekend for like a total hundred bucks score keeper yeah craigslist man no not just score keeper table table hockey yes yeah that is this is like on your resume right here man i love it that's fun well done yeah score ding ding i love it yeah by the way don't call us and tell us there's not a way to make extra money the man made a hundred dollars score keeping score keeping for table top hockey yeah this is awesome i love you guys yeah this is that's you're my kind of folk i like that well done hey we got a copy of the legacy journey for you that's a copy that's the next chapter in your story moving on to baby step millionaires you're on your way without a doubt and uh congratulations we're very very proud of you also a copy of total money makeover for you to give away to somebody get them started like that audiobook got you hooked and then you end up in financial peace university and now you end up here 93 000 lighter all right it's evan and liz detroit michigan area 93 000 paid off in 27 months making 80 to 130 count it down let's hear a debt free scream [Applause] [Music] their church and their group at financial peace everybody cheering them on that's amazing yes well done good community you gotta have people around you loving you well this is the ramsey show [Music] [Music] our scripture today proverbs 22 3 the prudence see danger and take refuge but the simple keep going and pay the penalty dale carnegie said be more concerned with your character than with your reputation your character is what you really are while your reputation is merely what others think you are in a social media age ken that is a good thing right there to read again yes it is be more concerned with your character than with your reputation yeah your character is what you really are while your reputation is merely what others think you are yeah there you go just like that turns out dave too that when you actually are a person of character your reputation's really good most the time generally yeah yeah yeah but with social media they oh you mean it all can take out yeah sure sure people take shots that aren't true but those that actually knew about me about this place you know but a stranger doesn't get to say what they think dave's dave ramsey's reputation is in my opinion stranger doesn't know you i don't i discount that you know they got to know you anybody who knows you friends people who work closely with you you have a reputation this is what everybody hears and says out there very different that's all i'm going to say okay that makes sense you know okay when you're a person of character your reputation with the right people takes care of itself yeah i got you okay tyler with the ones that matter yes tyler's in state college pennsylvania hi tyler how are you hey dave doing great how about you better than i deserve what's up yeah so my question is related to business and checking accounts i'm a business owner i've always operated my business out of a business checking account along with a business debit card as the business scaled up over the years my expenses are becoming a little bit higher and more frequent and my current card only has a 2500 limit um and each time that i go above that i get a call into the bank and each time they're really pressing me on the business credit card and just today when i went to do it they actually denied it all together and weren't going to let me do it unless i upgraded to their business credit card so i guess my question is um what do you recommend that like how are you running your business being like a multi-million dollar business and all that what's your recommendation there uh it's time to change banks dude yeah that's what i'm thinking yeah see they got confused about who the customer is yeah the customer was sitting in front of them telling them what he wanted and they start putting demands on you on how you're going to use your money in order to have the privilege of doing business with these doofuses i'm out of there man the spirit on that is pitiful yeah i don't care even if it wasn't in violation of what i teach just the way they treated you today dude right that's what i'm talking about so here here's what we've had to do uh we've got i think uh lord i've lost count because i don't keep up with it daily anymore i used to be real concerned with it but anymore i think we've got 150 people carrying debit cards out of our thousands um and a whole bunch of others that have access to the numbers in order to do orders with you know around here for business purposes so um you know we've got a bunch of them i obviously have a business debit card on this place and the revenues here north of 300 million a year so um i i have low tolerance for trying to use that card and not buying whatever the flip i wanted to buy okay yeah i mean so uh i've we've had discussions with the business banking unit um here and said look uh my card i'm not i mean you can put ten thousand dollar twenty thousand dollar limit on it the number of times i'm gonna buy a car on a car is zero anyway so i don't really have anything i don't i don't don't buy uh stuff like that all the time but i also don't wanna not have access to money when i've got millions of dollars in your bank that will piss me off because of your little debit card rules but uh so we've had on my personal debit card from the business had them give a special dispensation they should do that for you um and you know 2500 is ridiculous it ought to be at least five and um and you can look at it and you'll probably be surprised the number of times you go above five unless you're doing a bunch of travel or something is unusual anyway yeah yeah so unusually low so um yeah you need to change banks based on that spirit but uh you know we've got different uh people inside this you know for instance if one of our live event producers is going to book a block of rooms you know we're going into a hyatt and we're going to take down 150 rooms and they want a card well obviously you know a daily limit is going to be a problem on that so you know we and that's how we use our debit cards here so we we have some interaction with the bank on a regular basis but we also have uh higher than normal limits on some of the daily amounts and total amounts on the cards obviously the cash has to be in the account to coverage as a debit card that's not what we're discussing here but i think more than anything else what you're discovering is you have a bank that doesn't understand your value as a customer and you need to find one that does value you by the way we did change banks and one of the reasons was the old bank that i've been with for a thousand years uh got bought up and bought up a bunch of stuff and became much more corporatized and became inflexible even with an account our size they started giving us a hard time on all kinds of different things and we're just like you know what i'm not negotiating with you people you're just a foo flipping bank i mean there's one on every corner there's a lot of would like to have our account a lot of them like to have your account tyler i'd go get somebody else what are you thinking i think i think you're absolutely right you know it's your money and uh these are somebody who made a decision on the fifth or sixth or fifteenth or twenty-fifth floor and uh i think the spirit is absolutely um it's wrong they don't wanna help you grow uh they just got their rules and i'd take off i'd go talk to some other bank and go hey here's the deal here's what i'm looking for and and look them in the eye and uh interview them interview banks just like you would like one of our elps i'm getting ready to hire you for my banking services yeah i'm a small business are you good enough yeah stay out of my way can you let me do my thing if so i'll bring my money to you what's happening is this that guy's dealing with a branch manager who's got pressure on him to meet the quota yep that a certain he has to move a certain number of credit cards certain number of business credit cards a month and he's got people breathing down his neck he's got a quota like he's selling encyclopedias door-to-door exactly right and these bankers have been reduced to use car salesmen yeah these car salesmen are much better people and so uh sorry about that used car guys you guys are excellent compared but i mean they've been reduced to sales people that have quotas yep i mean if you work in victoria's secret and you don't sell a lot of small underwear that's not what they gage you on you can sell no small underwear and work a victoria's secret as long as you sell as long as you sell their credit card because that's what they want oh they want you charging small underwear okay i didn't know where we were going with this i was i was waiting to see what was there's just nothing there there's there it's just it's the same thing with most of these companies yeah you go in a department store why do you think they're pushing the card on you they make more money on that and they do the stinking merchandise it's just sitting on their shelf it's become that credit card game and that's what these guys are doing this stupid bank here yeah this bank deserves a good firing hmm i like it you're fired yeah plenty of banks by the way i tell you what you know i would i would go interview the smaller banks yeah bad as bank of america i'll just bet you oh i should have asked him yeah i'll bet you it's bank of america it's that's the way they act it's a big bank or bigger yeah it's not it's not a small local bank small local bank would actually care what you think yep and uh that's what you need to go with by the way get you a good regional bank or small loan that's my thing too we moved to a we moved to a local that's what we did and they can handle us i mean we we got a lot of money over there but they can handle it so yeah that's not like we're mr like jed klamat and mr drysdale or something but um y'all don't even know who that is out there you poor people in america certainly your television deficit you don't know about the beverly hillbillies i i feel so happy right now that you just said mr drysdale kelly's feeling the same thing we're the same age we're not going to say the age so kelly doesn't hit me after the show's over i know i know you're a little bit older but mr drysdale that is classic tv right there that's classic i mean but i mean that's a banker who was beholden to the rich oil barrier in the beverly hillbillies okay and he ran around all the time trying to make his customer happy that's what you want it's been since the 1950s and 60s with black and white tv since bankers understood what their freaking job was that's so good and it's not to sell you a credit card that's supposed to make you the depositor happy yeah oh man what a lost world do we live in i know i'm gonna go home and watch the beverly hillbillies it's got to be on something i've got two references to them in three hours you have have you seen a show lately no it's when you were channeling i'm having flashbacks okay from my childhood that's all it is it's an old man thing the old man flashbacks ken coleman good job today good job james childs good job kelly daniels in the booth i am dave ramsey 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 walk daily with the prince of peace christ jesus [Music] hey it's kelly associate producer and phone screener for the ramsay show if you would like to do your debt free scream live on the show make sure you visit theramsieshow.com and register we would love for you to come to nashville and tell dave your story [Music] you

Channel: The Ramsey Show - Full Episodes

Views: 28,061

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Id: Z0wmUktENGU

Length: 121min 15sec (7275 seconds)

Published: Mon Sep 20 2021