Are You Sick and Tired of Being Sick and Tired?

[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 dave 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 anthony o'neil ramsey personality number one best-selling author is my co-host today open phones at triple eight eight two five five two two five we'll talk about your life and your money that's triple eight eight two five five two two five mariah is starting off this hour in harrisburg pennsylvania hi mariah how are you i'm good dave how are you thanks for taking my call sure what's up so uh one thing that i really want to celebrate is i paid off my student loans um two days ago yay so yeah that's one big milestone of my life and i still have some debt left i still have a car loan and my parents have been gracious enough towards me that they've allowed me to stay at home with them freeway they can allow me to pay off my debt so they've been really gracious with me with that so both my parents know how determined i am to pay off my car loan too and um i have left as like that's what i have left so i'll make it short for you um so it's only fair to them that i help them with utilities and electric since i'm still living at home and me and my mother have come to that agreement and that's perfectly acceptable because i'm still living under their roof um one thing i'm not comfortable with is that she wants to charge me rent which is fair but the stipend is that she will hold on to that money for me in her savings account and she won't let me put that in my savings account so i feel like there's a trust issue there per se like she doesn't trust me with my own money and she wants to help me out in a sense of saving it for the future but i'm 27 years old 27 what do you make a year i make about 30 grand working two jobs so i work 40 hours a week at my other job and i put in about 20 hours with my part-time job so you know i maria learning you're 27 you know my i'm kind of split so let me say this on the flip side my father did did the exact same thing that your mother is doing um but i was 20. you know i was 19 20 maybe 21 around that time um he actually i i paid him 250 a month and by the time i moved out he actually gave that all back to me and some uh to start my life off but let me ask you a question i want you to be honest with us should your mom be able to trust you like are you being a good steward with your money i am yeah she wants to play a game where she's the landlord and at the end of the game she gives me all that money from the the base rent that i've saved up over and i don't think that's so that i've moved out so maria i think you gotta look at that differently that's not a game that's i think that's your mother trying to help you become a young adult and if you've never paid rent before you you do need to know how to do that so i would definitely take the word game out of it out of it out of your head and say okay cool let me just pay my mom rent move on about your life get out of debt and do everything and then just accept the fact that your mom is just trying to help you mature help you get ready for real life uh because i'm pretty sure her rent is nowhere near what rent is actually going to be but i would definitely say eventually uh i would try out honestly if i was you and dave may disagree with this but at 27 i'm i'm looking at how do i get out of the house even if i do have some debt on the table yeah you need to be gone you need to be gone in three months you're 20 you're 27 years old it's time to move out get get your job working get get your budget on an apartment figure out how it's going to work take tell mom i got about three months to get my act together the rest of the way and um uh it's time for you to move out you're you're uh this is emotionally treating someone like they're 18 17 19 years old or whatever and you're 27 yeah okay so yeah you need to move on and your mom's trying to be sweet she's trying to be helpful but it's time for you to take that next big girl step and uh it'll change your life it'll be good for you it's gonna be really hard and it's going to be really good for you open phones at 825-5225 thanks for joining us america we're with you we're here to help george is with us in cincinnati hi george how are you i'm good how are you sir better than i deserve what's up i appreciate you taking my call just wanted to uh ask your advice on buying some land right now to build a house so currently my wife and i are on baby step six so we're attacking our house now and uh we have about three hundred thousand still uh to pay off um for our mortgage how quickly are you gonna build everything else well that's the question my wife thinks it's better to buy a lot right now and just kind of wait kind of see how things go for the next six months or so and i i thought it might be but that would be a good idea but also maybe we do the construction a permanent loan for a better rate so we don't have you know i would just you know if i was going to buy land i would buy a piece of ground in the construction loan and start building if you're not gonna and that's just that's just the answering the question can i move and the answer is yes you're gonna move but do i do you start investing in land or do you buy land where that you might use 10 years from now and not pay cash for it no i would not but if it's a part of making an immediate move and you're going to start building very quickly then yeah i would go ahead and and start that process and then of course your home goes on the market and sales and you uh you move into the new property that's being built by the new builder on the new piece of ground whether it's a piece of land or a simple lot in a subdivision either one of those is fine but but this thing of uh oh i'd like someday to maybe move so i'm gonna just go buy a lot no i wouldn't do that that that very seldom you very sort of end up building on that lot no you're absolutely right and george i put my business out there me and dave talked about this about last year and dave was like nah not not unless you're going to move anthony if you're not going to move then uh don't do it and thankfully his wisdom was correct because i didn't build in that that area actually went totally opposite of where i thought i was going to go so i want to echo what dave is saying if you know you're going to move there and start the building process do it now but if it's down the road things could change life could happen so i would avoid that at all costs yeah they will change yeah that's how that'll work open phones at triple eight eight two five five two two five and just to recap if you're building a home there's three pieces of paper that are really important you need a budget that you and the builder are in agreement on and it's line by line you know what each of the categories in the budget look like just like i'm just like running a budget for a business or for your personal life same thing you need a schedule what's going to be done when not just what's the delivery date but the framing is going to be this day the trim carpenter is going to be this day kitchen cabinets will be installed on this date you need a schedule and you need a blueprint and that tells you what's being built and you manage to the schedule the budget and the blueprint this is project management if you cannot do that with your builder you have the wrong builder this is the dave ramsey show 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] [Music] [Music] thank you for joining us america anthony o'neil ramsey personality is my co-host today open phones at triple eight eight two five five two two five william is with us in pensacola florida hi william how are you doing fantastic sir thank you for asking sure how about yourself uh yes uh so i had a quick question for you uh much dissimilar um as the same caller in her living situation after taxes i don't make much more than minimum wage and i've been carrying the car loan that i have now for a little over two years my question was is it worth refinancing the vehicle uh to try and free up some extra money so i can afford a place to live by myself and not live with my parents anymore or what's the best course of action how much do you own your car yeah what is that how much do you owe on your car i have 13 000 left what kind of car is it will you it's a 2017 ford focus okay um and how old are you i'm 26 in march okay and why um tell me about your career because it sounds like you have an income problem yes sir i don't have much of a career at the moment i fell on some hard times and troubled upbringing so i'm just really just trying to overcome a lot of that and start making my own efforts to to get into a career now what what what's preventing you from getting a solid job i know you said hard times but like without saying too much of the personal information what's what's preventing you from getting a good quality job uh probably experience okay do you have any education i've self-taught so it's not viewed the same but i have enough of a generalized understanding and what are you doing probably take what are you doing right now william for a career i'm working in a college uh basically integrated okay okay all right um here's my thing i agree with dave you have an income problem and you're young and so uh i think right now until you can land a solid career and i want to connect you with our career expert ken coleman but before you go over there there are two practical things you could be doing right now you have a 2017 car quality car and just the other day on the show we found uh dr john delonay and ourselves met a young man your age making about six thousand dollars a month just off of delivering for ubereats and for just doing uber period and so your income problem could be fixed if you're willing to really put into work and so if i was you with a 2017 car right now immediately when i hang up the phone i'm registering with uber you're in florida which is wide open i will start driving people around on top of what you're doing then get connected with ken coleman to figure out what is your sweet spot how can you get into a career that will set you up to win but right now you don't even have the money to move out with your parents you got 13 000 in debt so we need to get your income up and then your first priority yes is to get out on your own and then we need to talk about how do we get you out of this debt and don't rack up any more debt but today immediately william i need you to kind of like say this respectfully step up it's time for you to become the young man that you are and going ahead get on an uber find you something you can do today that can start generating you an extra five thousand dollars a week immediately yeah um i don't know what you've been facing with your hard times i can't i you know obviously we don't have that information but uh the answer to your question is you only owe 13 000 on the car if you told me it was 33 000 and you're making minimum wage i would have said just sell the car yeah this is selling this car does not fix your situation because it's not really your problem the fact that it's pinching you is indic is because of your income more than it's because of the debt or the size of the car payment that kind of a thing and so yeah your issue is career short term and long term and we've got to get your income up short term and anthony outlined that for you and then long term so hang on and um kelly will pick up and we'll get you hooked up with a ken coleman book the proximity principal and she can also set you on his website and help you with some of the uh some of the interview techniques and some of the things that he's teaching which are absolutely fabulous dave you're a father and i just got to ask you this question because i'm seeing this more and more with this younger generation they're at home they don't have a good job and i feel as if part of that is and a huge part of that is on the the young man or the young lady but would you agree or disagree with me that a huge part of that also is on the parent you're allowing your son or daughter to come home to be 26 27 30 years old making 30 000 a year like how is that advancing them forward well it yeah i mean mom and dad's attitude about the whole thing affects uh the young person's attitude as well so if mom and dad are like well you know pandemic and it's bad out there and there's no jobs and you know they got a negative attitude about everything they don't see any positive way to go make money um and you know oh you can't do uber because you know you can't be socially distanced or you can't have enough masks on or whatever i don't i don't know what it is i mean but if mom and dad are saying well i mean you're screwed you can't do anything so you might as well live at home instead of saying uh you step up man up here and let's get going which is what you did to with this guy and and so it's um you know i grew up one of the blessings of the household i grew up in was mom and dad were entrepreneurial and so if um if you didn't have any money it's just because you didn't have any ideas and you weren't working so you need an idea and you get to work on it because there's always a way to make money i mean you can walk dogs you can mow lawns you can clean out gutters you can pressure wash driveways you can you know i mean teenage jobs i have done i've shoveled out stuff out of houses i don't even want to think about yeah and so i mean there's all you know it's there's and you'd be amazed what people will pay you to do if you will bother go get you a leaf blower rich people are afraid of leaves you know i mean it's it's uh you know there's a lot of stuff that people can do but but mom and dad my parents had that entrepreneurial spirit and so we weren't a we weren't allowed to not work yes and b we weren't allowed to not be dreaming about a better life while we were working that's good and instead of just like well the little man can't get ahead you're just stuck the pandemics got you in this generation here you just can't get anything and you're just bad now god man when i was your age there's lots of opportunities you guys ain't got any opportunities there's nothing out there to do good lord with technology right now you can start about six businesses by nightfall yes yes yes yes and when i hear that dave i i get so frustrated and i have to ask you because well i think most parents are between you know they're between hard driving entrepreneurs like mine were and you know eeyore that i just painted up right so they're somewhere between and but i think the thing mom and dad can do is speak life over the situation speak blessings over the situation and it's not false encouragement or false positive thinking or something like that that you just dream up it's just really believing that if you you know you get out there and you push things around something will fall over yeah but i'll guarantee you it won't while you're sitting there wishing it was going to yeah yeah parents we got to do better i mean i'm not a parent so i can't speak to parent as a parent but i would definitely say i i am concerned uh with this generation a small portion of this generation and i get it covet happened covet was real jobs were real but dave i've seen so many young people got creative they went online they started online tutoring they went out there starting cutting people's grass because they were scared to go outside and just last week me and john was so shocked on friday uh this young kid 28 years old said man yeah i made six thousand dollars just from doing uber driving people around and i'm like wow and people are saying there's there's no way to make money right now and there is if you're willing to put into work you will do it we want you safe we're not saying do not be safe but at the same time when you step up and say you know what i'm going to take control over my future and i'm going to become better every single day and you can yeah well and it's you know lou holt's our buddies 83 and what he said when he was down here last summer speaking he said uh please don't keep me alive by stopping me from living yes he did yes he did something to think about [Music] yes this is the dave ramsey show [Music] you know healthcare has gotten to be ridiculous it puts people um you know on the brink and so it would have put us on the brink had we not had chm chm saved our life same time financial lives christian healthcare ministries or chm is not health insurance but it is a budget-friendly option and the original health cost sharing ministry for christians learn more today and check us out at chministries.org that's chministries.org [Music] so [Music] anthony o'neil ramsey personality number one best-selling author is my co-host today in the lobby of ramsey solutions on the debt free stage ferg and chelsea are with us hey guys how are you hey you're doing great welcome you guys where do you all live tulsa oklahoma well welcome to nashville and all the way over here to do a debt-free scream heck yes i love it love it love it how much of you guys paid off we have paid off 147 268.79 love it how long did this take three years 10 months and eight days three years and 10 months and eight days man and your range of income during that three years and ten months uh mid thirties to uh 122 000. goodness that was a bit of a jump yeah yeah well tell us your story what happened and how'd that income go up so fast well uh we got married about five years ago in may yeah um then we had some some family stuff happen uh sorry already happening um just some family drama um some some uh disagreements when it comes to money including family drama and we're like all right lord we need to figure out what we're doing we jumped into a church high church on the move family appreciate you guys um and we got invited to be a part of a fpu group like right after like a month or two after moving back to tulsa and we jumped in and we haven't had any money fights yeah since we jumped in so we got on the same page and that's what started the journey um so some of the drama was between you two not not completely not really i know it wasn't all of it but no it was it was we got married in in may and it was like a whirlwind um i graduated from grad school the same month we and then i moved out here he was not out here i moved out to tulsa oklahoma and he was already living there so it was a big jump for me to join him there and um i just got my degree so it's like the next steps and getting licensed and everything so what's your grad school what's your grad work in um we both have a mental health therapist backgrounds okay so great yeah so i was working on so that's the jump in income yeah you both both got into your career it's really minded too i was already a therapist at the time uh but um it was a community-based job which is you're driving around to your clients and it's it was basically work based like what you bill is what you get paid from and as a single dude that really wasn't gazelle intense on his debt he's like okay i'll just pay off debt as i can but i'm not really going after it or anything like that so and she when she moved out um and we jumped into fpu it was like okay we need to really look at and i was praying okay god how do we get a bigger shovel because he keeps talking about getting a bigger shovel i have no idea what to do with that and on the emotional side of things um you know we're also just trying to stay afloat you know mentally emotionally because of some of the stuff that was going on yeah well it sounds like your church was a real lifeline yeah absolutely they if it wasn't for that god totally lined up all of the steps there because our first week together there we were like we want to find a church and we had both had previous experiences there so we went and there was another couple that the lord had waiting for us there to pray with us about finding a home and um and they were like hey we're we're on the same age we're in the same situation as you for the most part and let's like partner together and would you guys like to come to fpu fpu with us uh we're going to lead that starting tomorrow night wow yeah yeah so it was a real quick turnaround of hey okay we didn't plan to do that but that sounds like a good idea this is right after a conversation we had the night before about okay we gotta figure out what we're doing with money because we're not on the same page as far as grocery bills and how much we're spending on groceries and we don't know how to budget together yeah and so this whole brand new marriage thing yeah absolutely the 147 that you all had i'm assuming that it was student loans majority of them yeah there was like 3 000 that was taxes from a year or two ago okay so we just threw that in the snowball so with your age bracket because we're in the same age where i could hear and uh i'm always i'm always curious to ask young people what what was the hardest thing on this journey and to the millions of young people listening to us right now what do you say is the one key ingredient to really changing around your financial life i would say the hardest part is not getting discouraged when you know you are doing something with purpose um every step every day that goes by is not a wasted day so the the hardest part is you're not going to know anybody else most likely that's doing what you're doing um and so and and we had the most debt even in our fpu group and so we were kind of the only ones still even with that group that were really going through it as long as we were you have no idea like we're sitting there on that first it's like the first or second week of fpu and it's like this is what the total debt is for the whole group yeah and we like tripled everybody else's yeah and we're like oh lord and we were so embarrassed for a second but then it was also like okay no it's okay it's okay we can just have the best story out of the whole thing [Music] having a testimony is a good thing getting one's a pain in the butt yes well well done you guys well done to answer your question though about like what was the thing that really helped us get us through honestly it was jesus jesus yeah it was totally jesus i mean every step yeah was like there was this next step for us it's like hey you know we know that you're going through some stuff with some family and some family issues but here's here's a lifeline whether it be our small group thanks guys we really appreciate you we really love you whether it be our employers empowered life alisa charles thank you so much for the opportunity uh preferred family health care in dayspring thank you guys so much you know we got to negotiate for a raise we got a raise it's also sunshine center it's where i work and actually during the 2020 pandemic everybody you know had to go home and it was kind of one of those loosely held hey we don't know what to do but maybe if you guys can try to get some you know some telehealth going go for it so that was we were so close to the end this past summer and i was just like well we're so close we don't want to slow down our getting out of debt and all of the interest payments halted and everything with all the student loans so we were like what can we do so um i started getting all of my clients to tell health really quickly it was the first one of the first ones i think it was the first one in the whole company that got as many telehealth sessions going as quickly as i did so instead of finding an excuse not to work you were desperate to work oh she crushed it yeah and because of that there was an unforeseen blessing that came from that because a few months later the owner was like hey guys you know we're going to offer this bonus basically for whoever can bring in the most income for the company during this this time and i got the bonus and that's what put us over the edge i love it yeah that was a really good feeling like we're gonna we're gonna pay off the last loan with this bonus yeah because we were doing some gazelle intense stuff so now you've been through three years and ten months and eight days of real transformation yeah i mean there's a lot has gone on in your life during this time money's a piece of it there's a lot has gone on yeah was it worth it i would never want to live it again but i would never want to have lived without it without that that journey yeah one of the things about our like our bible verse comes out of james where it talks about when you have persevered through all of these tests you will receive the crown of life that god has promised and like my family we have a scottish background and our motto is sweetness out of difficulties and it was like yes we just really leaned into that who better for it yeah who better for it we're gonna jump in on this and we've we have grown closer we've communicated better yeah um through all this stuff and it's just really awesome to have somebody kind of you know in your corner um fighting with you tag teaming with you that's like we're we're heading in the same direction and we're on the same goal way to go well we've got a copy of chris hogan's book for you everyday millionaires that's definitely the next chapter in your story you guys are incredible it's an honor to speak with you and thank you for making the trip all the way over from tulsa to do your debt-free scream thank you well done all right it's ferg and chelsea they paid off 147 000 in three years 10 months and eight days making 30 up to 122. count it down let's hear a free scream ready three two one that's what three years and ten months sounds like right there man we did this in in 14 days this is three years and 10 months and eight days man they are persevering people they scratched and clawed and scrapped so proud of you guys absolutely very well done so proud of you wow amazing this is the dave ramsey chef [Music] [Music] [Music] [Music] anthony o'neil ramsey personality is my co-host today 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 you got free samples free shipping and with the new promos they run every month you'll save even more dave our question comes from deidra in tennessee my husband and i had 16 000 student loans when he graduated two years ago and now we only have eight thousand dollars left i love it we have been paying even during the moratorium to pay down the principal so we are ahead of payments by quite a bit awesome we are reading in the news that congress might write off ten thousand dollars of everyone's student loan debt should we keep paying to take advantage of the no interest at this time or stop paying and wait to see uh what they will do if you're going to wait to see if the congress is going to do something you are going to be disappointed uh i'm not saying 100 guarantee it won't happen but here's the thing uh in my history i've never seen it so if i was in your shoes i'm paying it off i'm not stopping i'm not waiting for the congress you if you wait on washington to fix your life your life's always going to suck this is a good rule so i don't know what's going to happen with this i mean um i have no idea there's no way of knowing i was pretty sure a few months ago but the political climate has shifted and uh the power structure has shifted and so it's possible that they run this through i don't know i never dreamed i would see it in my lifetime but i've seen a whole lot of stuff in my lifetime i never dreamed i would see my life right so um i i i don't um yeah i if i were in your shears i agree i because i'm not gonna wait to fix my life on washington to save me right and so it's um it's just a bad plan and again they may turn around by the end of summer and you may go i hate dave ramsey just cost me 10 grand um and i hate anthony o'neil oh yeah but you have to be on the same list i mean this is real i mean that's this this is my suggestion well i was agreeing with you okay either way pay it off dude yeah listen folks i'm i'm always going to tell you pay off your loans yeah all right we're just always going to tell you take you have to control the controllables let me tell you what you can't control congress you can't control the president and you can what you can control is paying off the loan so control the controllables and build you a life and that's your best plan so now let me ask you this question dave i think i know your answer but it's fair to ask it so what if they just say you know what since there's no interest what if i just put that money to the side for the next four months while there is no interest i'm just not gonna try to game the system right gotcha every time people try to game stuff is when they get screwed and it's when it doesn't work out for them and so what let me tell you what would happen some percentage of the time we throw ten thousand dollars in an account we're sitting around waiting we really hadn't been aggressive by paying off student loan we let our foot off the gas we're not really budgeting tight and man i sure did need that bass boat go buy the bass boat congress says you know what we can't get that student loan thing through and you're still sitting there staring at a dad gum paid for bass boat right with your money you should have used to pay off your student loan this is what happens then you end up in coaching one of our coaching offices somewhere and people are going you did what and you're going yeah i know i was so stupid and we all have these moments where we did something but it always comes around trying to scam trying to scheme trying to trying to run the system somehow i'm going to run the system i'm gonna i'm gonna beat the system and don't beat the system pay off your debt yeah just don't you know there's no shortcut to any place that's worth going abby's in madison wisconsin hi abby how are you i'm good how are you better than i deserve what's up so i'm a 21 year old college student about to graduate in the spring congratulations what's your degree in fisheries and water resources cool um so long story short i'll be getting an inheritance of about 150 000 um i'm on baby step two and i only have about twenty four thousand dollars on student loans is my only debt which i'm planning to pay off with that inheritance good as well as say that three to six month emergency fund good but my question is what should i do i want to invest the rest or at least part of it what would be the best plan for that i would just sit down with one of our smartvestor pros and start learning about some of the mutual funds it may be uh i'm gonna guess and say some of that the balance of that money after the debt is paid and the emergency fund's in place that um in the next two or three four years you're probably going to be in a situation where you buy a home yeah and that you've gotten started on your career you've gotten your income up you're doing good and you know we're going to move from rental to home ownership at some point you know like 25 years old or whatever and you may use that money to do that with and so uh you need to it doesn't need to be invested in something volatile it needs to be invested in something kind of boring and steady so even like what's called an s p 500 index fund might be good for that shorter term down payment investment because i'm kind of calling this down payment money right now in my head listening to you yeah but sit down with the smartbuster pro click smart vester at daveramsey.com it'll drop down a list of the smartvestor pros in your area they'll teach you and you need to learn you don't need to do it because anthony said do it and you don't need to do it because i said do it you do it because you understand it and you're investing and you're being careful and wise and you know what you're doing and someone with the heart of a teacher like one of these smart mr pros has led you through the process yeah yeah great advice dave i haven't had to it that was beautiful open phones at triple eight eight two five five two two five if you feel like you will never save enough money or pay off all your debt after a year like 2020 sometimes people feel the same way it was kind of a hope stealing year wasn't it money should not be one more thing that you have to worry about that's why for 2021 we're hitting reset because no matter what's happening in the world you can take control of your money you just need the right plan ramsey plus is our step-by-step plan where you get quick wins and that means you can finally start spending and saving your money without worry and get the security that you need ramsey plus includes of course financial peace university the every dollar budgeting app the premier version and many many many other tools it is chock full and they will show you step by step day by day week by week what to do for the first 90 days and get you a quick start and you will never be out of control again you can do a free uh trial at ramsey plus just go to daveramsey.com reset tanya is with us in hartford connecticut hi tanya welcome to the dave ramsey show hi thank you so much for taking my call sure what's up i am 45 years old and i'm currently on baby step 6 so i'm looking to pay off my home by the fall of 2022 this will be about six months before my oldest graduate high school and i really have to thank financial peace university for helping me with this journey as i became really gazelle intense since 2017. cool so before covet this goal was reality however with covid and the additional income i would normally generate it would be now an additional year before i could accomplish this goal so my concern is that i have another son who will be graduating after my oldest so i'll have two back to back in college ouch so i'm looking yes i'm looking for um ways to for me to meet this goal so i am considering lowering my 401 k my roth contribution to do so maybe withholding it temporarily i also face some medical bills that weren't anticipated um during the past year that i had to take care of so right now i am putting about two thousand dollars more a month towards the principal but realistically i'll need another 900 a month to get the house paid off in that time so should i hold off and contributing to my 401k to be able to accomplish this you have outstanding debt right now on medical um it's only about probably about five hundred dollars more okay so you can knock that out like this month uh yes but you're not paying any extra on your house while you have that um i love then clear your debts you're back in baby step two you gotta clear those debts do you have an emergency fund oh absolutely okay you should have just written a check out of that and paid your medical that's what it's for but anyway we clear the medical um would i stop my ira temporarily to get the house paid off to cash flow college might might in this case for a very short period of time it's really stopping the baby steps is what we're doing you're changing them and hold on we're going to send you a copy anthony's book debt-free degree because they need to be working to help get to college yes this is the dave ramsey show [Music] welcome to the dave ramsey show 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 dave ramsey show where debt is dumb cash is king and the paid off home mortgage has taken the place of bmw as the status symbol of choice i'm dave ramsey your host anthony o'neil ramsey personality number one best-selling author of the book that free degree is my co-host today open phones as we talk to you about your life and your money the phone number is triple eight eight two five five two two five that's triple eight eight two five five two two five kayla is with us in provo utah hi kayla how are you hi good how are you doing better than i deserve what's up um so i just had a question my husband and i are getting ready to save up for a down payment on our first house we make roughly 60 to 65 000 a year when i plugged it into your calculator online it said that with a 40 down payment we could afford about a 280 home however where we are at there's really no homes that start until about 300 000. and i was wondering what are your suggestions for us as we're trying to save for our first house well i think to say that there are no homes in provo utah below 300 000 would be an inaccurate statement we are more in rural utah um provo's kind of our closest big city um so when i looked at what i've been looking just for the past while just for fun and it looks like the ones that are around 250 kind of more our price range or more like your trailer homes and whatnot okay i think you've just begun your quest you uh you're in the early stages of gathering information so um yeah the uh uh i know and and i'm i do not know that market uh extremely well in the sense that i can just quote numbers to you on what they're worth the average home price in america is 225 000 right and that does not trailer homes okay that's the average in america and the average household income in america is 59 000. so that's right where you are i mean that's um you know you're you're 60 000 income and you're looking at a 250 000 house give or take uh up to about a 300. so i think you're just on the pro at the beginning stage of the process and generally uh for your first home what you're doing is you're looking for a starter home you're not looking for a mansion and um and so i think you're gonna keep scratching and digging and looking at a lot of properties and it may take you a little while to find the deal that does fit your numbers but here's the thing you cannot get in the business anywhere in your money situation of saying oh well it costs that much and i don't have that much so i'm going to do it anyway because math doesn't really count in my situation math counts in every situation math works in california it works in utah and it works in new york city uh it even works in tokyo and one of the most expensive real estate markets in the world and you can't afford to live there so um not even rent with your income so the the you just don't get a pass on math because of your situation so you're either going to watch your incomes come up or you're going to find a bargain and you're going to shop around and learn a little bit more the interesting thing about real estate is is that there's always another one yes yes yeah yeah and one thing i'm going to say on this one too dave let's just say that it's the case you cannot find a house within your budget then that means you're not getting a house right now until you can find one that's in your budget and there's nothing wrong with renting until you either get your income up or until you find a house that is within your means well and you again real estate is that's the most fun about the real estate business is there's always something yeah you just keep scratching around turning over rocks something will run out foreclosure something yeah something that needs a little paint a little work and you know your father-in-law your husband jump in there and you jump in there and you put a paint brush on on those i don't know yeah but you know there's a lot of ways to to get at this and um uh uh but just to go well you know it's just too expensive and so math doesn't count math counts yeah man you don't get a pass on it hope that helps open phones at triple eight eight two five five two two five ryan's in green bay wisconsin hey ryan what's up hey dave i just got a question um so my girlfriend's uh currently in college uh going to be a pa and i finally introduced her to dave yourself um about paying off college and all that but i currently have no debt or nothing i just bought a house in september and i'm thinking because i this is the girl i'm gonna marry because i've dated her for six years freshman year in high school it's just i'm not gonna pay anything until we're married like you say but do i save to pay that off or do i add more the extra money to my home loan right now all right man ryan let me help you out here dave may give you a different thing talk tim how old are you right i'm 21. how old is your girlfriend she's 21 as well well y'all young all right so i don't i like how you're thinking about the future but i want you to stay with you right now all right um and so my thing is i want you to work the baby steps for you don't stop the baby steps for a potential down the road all right and i'm telling you that because i wish somebody would have told me that when i was your age at 21 years old um i hear your heart for this young lady i pray that y'all do get married and have all the dreams that you desire but there is a strong possibility that it may not work all right so what i want you to do is attack the baby steps for yourself so if you're paying off you know things on your end you do that okay and then wait down the road for them it's good advice anthony let me ask you this if if when he gets engaged would you change that uh it gets engaged will i change that no that's just me personally but you wouldn't say about money to pay off the the coming debt from the bride no i would you would yeah because when you have a date when you're engaged it's your fiance and you have a date set and you say she's got 60 000 worth of debt i'm gonna pile up cash to get ready during that six or eight months or whatever before we get married now i'm not talking about vague engagement that we may get married someday and we just call it my fiance and we really are just not even you know i'm talking about a set wedding date and you know within within a reasonable period of time and i'm going to get ready for that so when we come home from the honeymoon because we've often told grooms to pile up or gr or brides to pile up cash to pay for the wedding well and and to pay upon coming home from the honeymoon pay off her debt or or pay on her debt here's the only reason why i would say no but i'm wrong with you i understand what you're saying only because this generation they say yesterday and then they're they're done tomorrow and they paused their whole life for well then you would take the cash and throw it at the house exactly that's why i said i'm rocking with you yeah but if there's an engagement i would not do it at this stage gotcha like in his mind it's inevitable uh she ain't said yes yeah so not an even after she has it's not inevitable right so there we go but yeah you're that's your point all the young people out there looking at me like i actually agree with you anthony we're taking a poll from the studio audience and anthony wins okay open phones at triple eight eight two five five two two five you jump in we'll talk about your life and your money anthony o'neil joining us he is the author of the number one best-selling book debt free degree be sure and check his stuff out at youtube but he's got a show called the table that is incredible new episodes every monday and you can check them out on youtube the table with anthony o'neal all kinds of cool guests and conversations like this yeah except i'm not been allowed on there this is the dave ramsey show [Music] [Applause] [Music] folks it's an honor to tell you about the army national guard not only are they big supporters of our high school curriculum but they also give you the opportunity to impact your local communities whether your goals are to get an education serve your country or have a better life the army national guard can help get you there plus they offer unbelievable financial benefits secure your future today visit nationalguard.com to find out more [Music] [Music] so [Music] [Applause] [Music] thanks for joining us america anthony o'neil ramsey personality is my co-host today open phones at 825-5225 have you ever made a dumb decision with zeros on the end because you didn't do your research yeah me too uh most people make choices based on feelings or opinions especially when they're buying a home but this is a bad idea and when it comes to real estate market feelings are not your friend facts are so check your facts find out what you can actually afford research what's trending in home prices talk to a reputable real estate agent in your area never buy a house without the fax text house three seven eight nine that's house 233 789 and we'll help you connect up with an agent you know that's really what we should have told that young lady from provo we should have that she could get with an agent who would help her navigate that market instead of just bouncing around on websites and zillow and everything else trying to figure out what's going on and and then declaring that trailer homes are the only thing under 250. yeah um a good agent can help her navigate that and go yeah but there are these little neighborhood over here and there's you can move out there and you go 10 miles that way and they know the nuances of the market and can help move you in and out of those and that makes a a big difference thing is this if you're going to buy a property and you've been through this a couple of times and i've bought a lot of real estate over the years but um you know i'm looking at a property right now uh a vacation home situation and uh what i did what i've done is i have actually i'm such a nerd i enjoy the research and so i go to every neighborhood look at every house start looking at the square footages start looking at what drives prices in those areas start looking at the square foot price look at the features and what is it that's in that in that market what's different and what's new and and just learn the way people think when they're doing that market because that's what drives prices yes and then you start to figure out okay well they're paying for prestige in that neighborhood okay okay in that neighborhood they're paying for the access to the beach in that neighborhood they're paying you know and you can see what's the different things are moving around in the market and you you just begin but all that comes from options and options and studying and studying and studying and studying so you don't look at three houses and buy a house you don't go on three dates and get married right right so you need to go and look at some property uh you need and not just online because i gotta tell you man some of these people taking pictures are really good with their picture-taking and when you get there you're going was this the same house yeah and uh you got to be kidding me how'd that backyard shrink that much and so [Laughter] you know that camera angle worked on that one yeah yeah so it's just like that girl's not that pretty so there you go dave that's a good one right there you know i like that you just get in there and you go visit the properties and you begin to get you start to figure out what's driving the pricing yes the location the traffic the school what is it this what's what's the what's the big draw that's that's making this property okay well what if i move uh you know 25 off of that off of that issue and i move over here well maybe schools aren't important to you maybe you're retired yeah you know uh my shih tzu does not need to go to school right so i'm pretty good on school systems i couldn't give a real bless on where the school system is from my personal residence because i'm not gonna have it you know i'm not gonna be having any kids go to school there so uh you know that's not a driver driving point but so if school's driving a price up then i'm probably not in that neighborhood nope yeah unless there's some other reason for me to be in there but i mean that's not my motivator is my point so you just start to look at things through that lens and do do your dad gum research yeah and if you know you're not good at doing the research that's why you reach out to one of our pros and they will do all the research for you well and they'll take you around i mean you gotta you you need to get your arms around what's happening yes and the pro can guide you in doing that i don't want somebody else to do your thinking for you exactly but but the uh yeah you need to you know you need a test drive i mean same thing with a car you don't just go buy a car you've never driven absolutely no i mean never driven that model now if i've driven that make and model and everything else and i know the car inside and out then i don't have to drive it to buy it i mean i understand i'm fine just deliver the thing it's okay but if you've never driven that kind of you know a pickup that pickup that particular model and don't go buy one until you've driven it i mean that's just not that's common sense yeah and yet people get all wired up and fired up emotionally and jump on stuff and start making all these assumptions about well it's just the way it is in our world you don't understand you're you're a boomer you don't get it yeah so um but turns out i do go figure kelly's with us in seattle hi kelly welcome to the dave ramsey show hello hey what's up so my husband and i are in baby step number two um we uh we have a total of three mortgages so we have the home that we currently live in um and then we have two rental properties both with mortgages on them and one of the homes is older and um we're trying to debate on whether or not we sell that one okay why did you tell me why did you tell me it was older does that mean you like probably wouldn't care as soon as we you know it would be like it's not the one you would keep because it's probably not a great property over the next 10 years is that why you told me it's well as soon as we committed to the baby steps and the saving and setting aside we had the savings in there um everything that everything started breaking that's like the law of financial peace university as soon as you start the class your transmission goes out i mean it's just the way it is i'm sorry i'm sorry well uh uh so the question is what's the house that you're thinking about selling worth um about 325 000 okay and what do you owe on it 127 000. how much debt do you have um so we are um we have twenty thousand dollars we owe on our truck and twenty six thousand dollars we owe on our tractor okay so um yeah since november first we've so far we've paid off fifteen thousand dollars that was in um credit card debt okay the three hundred fifty thousand dollar old house where stuff's breaking all of this discussion aside if you just put that house in your mind and you go ten years from now is the ten year now from now uh kelly happy with the current kelly for keeping that house i don't know it was it was my husband and i got it uh i have a lot of emotional attachment to it that wasn't what i asked what i asked is ten years from now are you gonna be really feeling wise smart happy because you kept this house if we stay on track yes okay then i'd probably keep it and just work your way through okay but i mean okay i've owned i've owned things that i look out into the future me and i'm going the future me thinks the current me stupid if i don't get rid of this thing you know i mean you can kind of look at it and think that right and that might not be true on this house and it sounds like it's not so that's cool but i mean i look at some of the stuff and i'm going i'm just gonna throw that away why have i been storing that for two years you know that just needs to leave i need to have a minimalist moment here and start cleaning out crap you know because i just we're all pack rats in our lives and you can do that with big items and you can do that with investments and you know with all kinds of things you just go just because you've got it doesn't mean you have to keep it i agree look into the future and go but it sounds like that the future is happy with you for keeping it so i'm i'm fine with that too that's an okay answer then you would keep it and you would go forward now dave it sounds like she's happy keeping it because of the emotional tie not because of the financial investment i think she's really tied to this house emotionally okay well that would be a mistake then if that's the only reason but right i'm guessing too that it's probably i mean 350 000 house it's not a it's not a house yeah not a bad house at all yeah so uh this is not a it's not a slumlord here no it's not so um i'm i'm thinking the thing's got to be making some money you know it's i'm just sure she's got good equity in it too so yeah yeah i don't know i'm kind of counting on her right i see to manage her emotions and her financial yeah by looking into the future that was my that was my play there i don't know if it worked but that was my play this is the dave ramsey show [Music] folks it's an honor to tell you about the army national guard not only are they big supporters of our high school curriculum but they also give you the opportunity to impact your local communities whether your goals are to get an education serve your country or have a better life the army national guard can help get you there plus they offer unbelievable financial benefits secure your future today visit nationalguard.com to find out more [Music] anthony o'neil ramsey personality is my co-host today here on the air this is the dave ramsey show in the lobby of ramsey solutions on the debt free stage roger is with us hey roger welcome to the show hi how how are you better than i deserve good to have you where do you live uh san francisco oh wow bit of a trip over to tennessee yeah but i definitely have to come out and try all these fresh cookies that you kept mentioning on the show well there they are a pretty good bait they will lure in lots of people i've noticed so you're here to do a debt-free scream how much have you paid off uh fifty-one thousand dollars and uh fifty-one thousand and ninety-two mm-hmm and how long does that you uh take me uh 16 months 16 months way to go and uh your range of income during that time about 76 000 to 93 000. very good what do you do for a living i'm a health health and safety consultant for our workers compensation company oh very good okay so what kind of debt was the 51 000 yeah so um i had about six thousand dollars left on my car um about 7 500 from a debt consolidation from previous credit cards uh and then the rest of it actually was all spread amongst like five other different credit cards so um one of the main reasons why i wanted to come up here and do this debt free stream is because i didn't really find a lot of other people that didn't have um you know that weren't working to pay off debt that wasn't any student loans so you know i felt a little bit embarrassed that you know a lot of that wasn't student loans because everyone else i've heard had it but you know i was just a really bad consumer but it's great to finally own up to it and you know finally have it all paid off i love it well this is the completion of the healing i love it well congratulations sir how old are you roger uh 33 years old man what was the hardest thing throughout this process for me the hardest thing was just saying no so many of my friends just wanted to keep enabling me and um just i'm not the kind of person that likes to say no um and so that was just the biggest part um and then really the other second part thing was uh really just trying to build up momentum and i'm sticking to the budget i think was the really difficult part so what happened that caused you to decide to do this what was the process uh yeah so i basically had my i've had it moment um and so being in san francisco i actually had the opportunity to interview for something in los angeles at this point my finances had kind of caught up to me and i was kind of starting to feel the weight of it um and so instead of shelling out for a flight i decided to take a bus and then i said that i would rent a car to go to the job interview come back and then take the bus back home so i took the bus i got to the rental car but i noticed that in my wallet i only had the credit card that i had already maxed out and so um going to the credit card company i knew that they weren't going to accept that credit card because it's maxed out and so uh when i got there um i told them that you know i didn't have any credit card and or or any money and like a debit card to um possibly do the rental and then and then you know they they swiped it and then it said denied and so i was kind of in a pinch and so um luckily my uber app still had my other credit card that wasn't maxed out saved on there and i was able to do the job interview and then come back but um i was just so embarrassed and i you know i felt like i needed to do a change and so that night i um when i got back i added up everything and i found out just how much actual consumer debt i had and i was really scared and so um you know i had um google search you know debt consolidation and yeah you know like how to get out of debt and obviously you know dave ramsey shows up and so that's how i um started that journey 16 months ago good for you well done well done yeah there's um there's a lot of emotions that are gross embarrassment might be one of the most gross ones i can't stand being i can't especially when it's my fault that's just awful yeah and i've been right exactly in that situation where you get you know the card denied and you can't you can't move around you're stuck and man that broke feeling and uh so i i i was traveling a little while back and we're staying at this really nice resort and i walk up the counter and uh my card had apparently hit the algorithm and um my debit card had hit the algorithm for fraud and so the bank had shut it down unbeknownst to me so i go up there and i can't check into this hotel now i've got plenty of money but that but that activated these emotions down inside remember when i was going when i was broke and i could you know and the embarrassment of not being able to do that and man i got so mad oh yeah and all it was was that those old emotions from from being broke and being embarrassed were down inside of me and um i had uh i had to call the banker back and apologize after i called her the first time okay so about my dadgum card getting cut off for no freaking reason and and they're leaving me stranded out here so yeah it's the same thing that that'll get you going and you had you definitely had a never again moment didn't you definitely yeah very cool so you found us on go ahead i'm sorry go ahead dave you're fine okay thank you dave [Laughter] so you walked through all this embarrassment you paid off all this debt um how do you feel now like i'm just so curious about that like you you have a lot of energy on stage right now so i'm like how do you feel what's next for this young man uh you know it's still a very surreal feeling um you know it's um it's really weird like i think one of the things that gets to me sometimes i'll hop in my car start driving to work uh and then i just think like i actually own this whole car it's hard for me to just embrace that idea you know like this whole thing is the reason why i have like a positive net worth right now you know so you know instead of knowing that you know the bank is going to be asking me for more money you know being upside down or something like that but then also the other thing is um it's very true what you guys mentioned is that you know it feels like i have a raise now because now that i've learned to budget now i know how to plan for my money i um i'm not rich obviously but i definitely feel like there's a lot more than i can afford now and um i know that dave you say you know it you right now you're better than you deserve but right now i feel like i can afford what i deserve now and so that's really like yeah that's how it feels right now it's a sense of power that's that's very good good for you i like that statement we may we may instill that i can afford what i deserve yeah i like that yeah and if you can't afford it you don't deserve it definitely yeah that's good man well done yeah well done so the credit cards are all cut up mm-hmm will you ever go back in debt oh no uh i was it was great because i planned this whole trip with um with my debit card um and then also i made sure to go dollar to get my um my our car rental and i did it with a debit card so it felt you know it felt really nice to know that i was still secure with uh debit card just like you said yeah when you go into the nashville airport with dollar with us endorsing them they definitely know what's going on they got it they got it figured out for sure there so well done guys well done man i'm proud of you that's just beautiful we've got a copy of chris hogan's book for you everyday millionaires and that's the next chapter in your story for real and we're very well done proud of you yeah uh thanks dave if you don't mind i'd like to like to thank my biggest cheerleader actually so my biggest cheerleader is about my now fiance monica who made a trip all the way out here to nashville with me all right um it's actually funny because i was maybe like a year into you know the plan and i was trying to go um dave ish instead by creating a sinking fund to actually save for her engagement ring and then when she found out about that she's like what would uncle dave say and then oh like okay i'll i guess i'll just throw that actually uh towards my debt and that's the reason why i was able to get out faster than i originally planned so i like her yeah definitely you you teach other young ladies like yourself and then you know the biggest thing about her cheering for me was we were only together for maybe three or four months before i really came out to tell her about how just how much debt i actually had and knowing that she was willing to put off a lot of that honeymoon feeling of you know spending money you know in the early goings of a relationship and her sticking with me through that to you know where i am now today i just really want to thank her for you know not having those fancy dates that most other people might usually have so yeah in san francisco they're not cheap either oh no well done well done sir proud of you good work good work all right roger from san francisco 51 000 paid off in 16 months making 76-93 it was everything he was normal and now he's weird count it down let's hear a debt-free scream three two one i'm dead to go man way to go that's awesome this is the dave ramsey show [Music] [Applause] [Music] [Music] [Applause] anthony o'neil ramsey personality is my co-host today i'm dave ramsey open phones at is in 825-5225 new york hi brian welcome to the show hey good afternoon dave thanks for giving me some of your time here this afternoon sure what's up yeah i got a question for you luckily my financial advisor i was already on a similar mindset as yourself before i started listening to you my wife and i um recently had purchased a home in 2020 and we also had a baby a month prior to that so we were already on the debt snowball method uh we have about a hundred and nineteen thousand dollars in well referred to as bad debt uh student loans and vehicles and then our home mortgage is about 137 remaining at the moment so my question to you is we have about ten thousand dollars in savings do you think in you know plus the debt snowball method a thousand of that should be going to savings and nine towards debt my wife has a little apprehension about that should we be putting 9010 towards our debt or should we keep that to the side now that we have a baby and then the second tier to that question is with our tax return coming up now with a home and a baby hopefully a good return back should we also be putting that all towards student loan debt i mean absolutely brian uh this is anthony i and i understand you know both you and your wives hesitation and why but baby step one was not made and that baby step two was not made to be comfortable one and two uh we want you to be uncomfortable so you can get out of it uh quicker and so yes i i was in your shoes i didn't have six figures of debt but i had a lot of debt and i put all of my savings towards it i put all of the extra income towards it i even put my tax return uh towards it as well i mean what you'll see is that when you really get gazelle intense when you really get focused you all will get out of it much quicker and get to your baby set three which is three to six months so i would absolutely put all of your money all of your extra money towards it now let's say something happens to the baby and y'all you need to pause that that is totally okay uh we want you to take care of your family and protect uh your family but at the same time right now if everything is going well yes attack attack it fiercely and put all the extra money towards it what's your household income uh i would say our household incomes around 130 to 150. uh my wife's a teacher and i work in an outside medical sales so in the last 12 to 18 months my income's increased about 30 percent now that i'm actually in the industry a little bit longer and i've built a client base so you know getting back to my initial comment and about a year and a half ago we started the debt snowball method with my financial advisor then i started listening to you oddly enough right we had our baby now that i worked from home i had serious xm on and a lot of his mindset aligns with yours we already had term life insurance we were already on the death snowball method um but you know now that i've got more income we have more savings which is great so you said your total consumer debt on the car and the uh student loans whatever was was what 119 yes we've got two vehicles and then our student loan debt combined yeah what do you owe on the vehicles the vehicles is about 18 and 15 about 33 to 35 000 between the two of us okay that's good news all right um well here's the thing i try to do just big math big chunk math i call it and say okay make 130 heading towards 150 if i pay 60 000 of that towards debt because i'm unbelievably intense and focused then i'm done in two years right and i just look at it that that's that helps me to get my head around okay i'm not suggesting that uh you walk around with a baby and raise a family with a thousand dollars in the bank as your way of life over the next decade but as a short-term mechanism to be all-in to be committed beyond belief and a little bit of that is what anthony says is the fear of not having that money but 10 000 is not going to help you anyway it's not i mean that's a that's a small small emergency too uh so you know it'll help more than it'll help more than not having it but it's um yeah when you can see that we're gonna do this we're gonna do this with great focused intensity and it's gonna be 24 months and we're going to be done or it's going to be 19 months and we're going to be done or whatever the number ends up being then you can go okay i can hold my breath that long and then when we don't have any payments but a house payment oh my goodness then you put that emergency fund in place and i blink doesn't take time at all yes because you're used to living on nothing and you're used to pouring everything on that debt and you turn and pour it on to that emergency fund that baby step three usually goes really fast for people because they're just so they've got so much momentum yes and they're they've been living on nothing coming off that high of paying off your debt now you want to see all that money in your savings account i mean it's it's it's amazing yeah that's very good very good good job man well done and congrats on the new baby zach is in marion illinois hi zach welcome to the dave ramsey show hi dave um just had a quick question for you um i started listening to you about a month ago my wife and i are on babysit too we have about 21 000 in debt that i should have paid off by late summer good um but my bigger issue is is we made the mistake about six years ago my wife and i bought a manufactured home and actually put it on some land that we owned um at the time it seemed like a good idea but now that i'm a little older realizing that it was probably a terrible idea and it's losing value every day i'm in it so um i just didn't know if i should move now or stay a little bit longer and pay it off and then move or what you're taking that one might be yeah so would you build on your land if you got rid of it i think i would just sell the the land and the home package deal and just start fresh yeah okay all right that's fine well i mean the bottom line is is what are you what's the thing worth today about 100 including the land right that's correct what's the land worth without the thing on it uh probably 12 to 15 000 okay so this is an expensive trailer yes all right about a brand new and 15 okay yeah so you got like 70 thousand dollars worth okay so ten years from now that seventy eighty thousand dollars is not going to be worth 70 or 80 000 agreed agreed versus if you have the exact same amount of property in a traditional home it would go up in value instead of down in value agreed yeah that was that's my main reason for wanting to get out of this yeah i just know i realized that so really delaying it or getting it paid off just means you're going to lose more money so i mean there's no emergency nothing's on fire but i'm going to start talking about having this thing out of my life in the next 12 14 that months my plan i just wanted to kind of get your take on it because like i said i should be on baby step two this summer and then yeah i don't have i want any other debt so yeah absolutely well i mean i i i'm not a snob this has nothing to do with i hate you know trailers or something like that that's not the point of mobile homes or manufactured housing whatever euphemism you want to put on the thing what i don't like is only things that go down in value when i have an alternative to spend very similar dollars into something that goes up in value and so that that's what it comes down to and so you know people mobile home what do you hate us in the mobile home business i don't hate you i just think your stuff goes down in value i mean it's it's pretty simple and so you know it's i don't wanna and i'm not gonna tell people buy stuff that goes down in value yeah and um and a friend of mine owns a huge mobile home business and you still wouldn't do it even if you pay cash for it right dude that goes down in value yeah i mean it goes down in value so why not pay cash for you know you know the something that goes up in value that was very big where i grew up at in the country like oh absolutely they're everywhere everyone me too yeah me too and so it's not it's not a snobbery thing it's just a matter of mathematics and just goes one goes up in value one goes down in value choose a you know that's choose the right choice yeah and that and that's that's what he's doing that's all he's talking about yes sir so it's not a matter of we're angry at someone like that or something but you know it's and it's honestly cheaper to rent it is than it is for for the thing to go down in value and pay payments on it like a car you sleep in this is the dave ramsey show [Music] [Music] welcome to the dave ramsey show 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 dave 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 am dave ramsey your host thank you for joining us open phones at triple eight eight two five five two two five that's triple eight eight two five five two two five anthony o'neil ramsey personality is my co-host today we're taking your calls and your questions rebecca is with us in johnson city tennessee hi rebecca how are you i'm doing good thank you for taking my call sure what's up okay my husband and i have paid off around 70 to 80 000 in debt we have our uh we have our fund so we we have made it to step four good and we're here trying to calculate and get ready to work our budget up so we can put money aside so we were wondering do i need to make that 15 out of my gross pay or should i be looking at my net income you're gross okay so that includes my tcrs my 403 and all that well i mean that's how you would spend the 15 in your retirement planning but but you're just going to we're going to say what's your annual income in your household what is it say again about a hundred thousand okay so it's fifteen thousand dollars okay now how are we going to get there and the way you would get there is you first use any matches do you have match at either place your your husbands or yours not much well do you have a match or not yeah uh well it's a ten dollars is all these the 403 v does ten dollars they match it ten dollars yeah why why bother okay my husband's here with me so this is thomas he's also talking okay hey thomas we are both school teachers okay we have a we have our tcrs right state retirement right and we have a school a 403 b yeah that's a school ten dollars a month on so that's the extra comes out right so you're talking to school board matching ten dollars a month which is insignificant yeah that's an understatement yeah yes it's insulting as well okay um so all right so so um well what we tell you is do match first roth second so before i did a 403 b i would max out both roths which will get you close to your 15 000. how old are you guys uh i'm 53 and she is 46. yeah okay well you can do if you're over 50 you can do 7 000 and so we're going to do 7 000 for you and 6 for her so that's 13 of the 15 and so you only need to be putting about 2 000 over into one of your 403 b's and put that in good mutual funds annually and that's how we get there we're going to go raw match first roth second traditional third is the is the way we work our way down through the 15 000 to get there and so we're going to do two roth individual roth iras in good mutual funds with a smart vester pro sit down and get that started and then above that set up about you know set up a couple hundred bucks a month going into your 403 b out of one or both of your checks 100 bucks each i don't care what it doesn't matter and pick out a good mutual fund or mutual a single mutual fund be fine on that small amount yeah in that 403 b and get going and you know 403 b's are they are uh notorious for not having great investment options in them so be poking around and searching in it a lot of them have a bunch of junk insurance products in them instead of actual investments and so um you got to really look and poke around figure out what your possible options are but we're looking for good mutual funds growth stock mutual funds that have long track records and certainly the same thing for your roth iras that we're talking about funding and that's how you calculate it and then also too dave now that's for someone who has like a stable uh income someone like yourself and myself probably more so like me um whose income is is fluctuating some seasons i have highs some scenes i have low i tend to do monthly so whatever i'm getting gross monthly then i'll do 15 percent of that until i max out all my other retirements yeah you can set a a baseline on an emergency i mean on an automatic draft if you want to yes and then you can just add manually to it to hit your monthly yes 15 if you're doing that if you got the if you got some volatility in the income yes a couple teachers that's superbly predictable yeah i mean you'll be able to figure out exactly what it is and you know we're dealing with a hundred thousand dollars we're doing fifteen thousand dollars and we just figure out what that is and lay it out that way but it sounds like each of you do a roth plus maybe a hundred bucks each in your in your 403 b that'd be like 2 400 a year and um that would get you there yes that's your 15 000. that's what we're after brandon is with us brandon is in yakima washington hi brandon welcome to the dave ramsey show hi dave nice to meet you you too how can we help well i was one of the geniuses that thought it was a good idea to take out a loan against my 401k to pay off the higher interest credit card debt okay um and i'm currently 31 and i wanted to know if um also this would be the largest debt i currently have um and but due to the loss of the gains that i would have gotten uh i was wondering would it be better to move this debt up on the list and start paying it back quicker to regain those losses now faster due to the type of debt it is yeah now how much how much do you own no uh 12 000 okay and how much other data have you got i have about thirty six thousand thirty six to forty thousand until total that's including my student loans as well okay and what's your household income uh my net is around um down through around 3 600 a month so you're making what 60 grand here um i think i think it's i think it's closer to 54.55 okay all right that's cool good all right so you're making 55 how fast you're going to pay 36 off yes i'm sorry could you repeat that you're making 55 how fast are you going to pay 36 000 with a debt off uh according to the baby steps app uh five years or six years sorry no no no you failed right um failed in the use of the baby steps app yeah uh so here's the thing eighteen thousand a year yeah will be done in two years there you go that's 1500 a month and you got to get in complete attack mode yeah what you plugged into the baby steps app was minimum payments exactly and no extra payments on your debt right yeah i mean if you keep paying minimum payments and you get out in five years i'd be surprised but you need to be paying oh you need to come out pocket 1500 bucks a month in payments and brandon you're single you're young i'm gonna say it man man up go get you an extra job you could be out of this thing about a year year and a half if you really want to get out of debt yeah yeah that would be good that would even be better yes and the point being that if it's a very short period of time then the loss of gains on your 401k loan are not going to be significant because you're not going to be out of it that long you're going to get there really really fast but you need to be done in two years and then that makes your question less pertinent because you're not going to be out of the investments for very long but turn up the heap baby let's go this is the dave ramsey show [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] [Music] anthony o'neil ramsey personality is my co-host today open phones at eight eight two five five becky is with us in pittsburgh pennsylvania hi becky welcome to the dave ramsey show hi gentlemen thanks for taking my call sure what's up um so my husband and i are currently in baby step number two we've paid off about eleven thousand of our forty two thousand dollar debt since august um we're planning to make a move from pennsylvania to north carolina in july and my question is should we halt baby step two or put money aside through the budget you're going to have to it's not halt baby step two it's just stop everything and pile up cash for the move yeah okay because we do plan on selling our house here to make a profit on there and then renting when we go down there until we can make a you know substantial down payment so i didn't know if we should use some of the profit from the house or well when you sell your home and you make the move then that's got that gives you the cash to pay off all the debt right correct yeah you're debt-free then and you go on and you restart your baby steps when you land in north carolina but you're probably going to need some cash to make this move and we've got to get the house sold correct and becky here's here's a key thing too i really want you to do is on baby step 2 i want you to hear what dad dave said he said pause you know stack up cash now for me that means budget do the research identify how much money you need so if you need let's say for an example 10 grand to make the move once you get to 10 grand go ahead and go back on baby set number two and just start attacking that debt because you have the cash stacked away yeah and then of course when the house sells you write a check and pay off everything so that's a good move that's fun good for you guys uh brian is with us brian's in memphis hi brian welcome to the dave ramsey show yes sir uh me and my wife were blessed enough to find your program back in august and uh somehow i talked to her on board and we're on baby step two rocking and rolling we've gotten rid of sixty six thousand and wow that's august wow good for you man yeah we're out for blood well done yes uh my next question is about we ended up with two mortgages um we outgrew a home bought a home before we sold our other home and where i'm at with it is a whole 43 000 on the home and we tried to sell it the realtor said it was worth about 90. we had it on the market for about eight months with zero interest in buying and uh overwhelming interest in renting it so we kind of just got tired of carrying the house and decided to rent it um but our renters are getting ready to leave and my next question is how gazelle intense should i be on getting rid of this thing without just doing something stupid as far as you know putting a ninety thousand dollar home up yourself for 43 000 just to get rid of it well i wouldn't do that i wouldn't do that you're not being foreclosed on there's no reason to give it away so you have you have one of two problems or or both um your house was priced too high or your realtor's a doofus definitely number two is true [Laughter] okay yeah which may mean that the house is priced too high too i don't know i mean you got zero interest of any kind i'm thinking it's not it's not it may not be a 90 000 house it might be an 80 000 house but we know it's not a 43 000 house okay so uh jump online at daveramsey.com and get in touch with one of our elps for real estate they're high octane high protein and they're gonna shoot you straight one of the ways that a realtor a real estate agent is an excellent real estate agent and moves a lot of volume is they don't take listings that are overpriced they take listings that are priced to sell not to give away but they're priced properly and they don't the seller doesn't get to decide that in the sense that you you get to decide it it's your house but i mean you you look at actual statistical evidence called a comparative market analysis an appraisal on the property that the real estate agent does showing you comps in the area and you look at that and go this house does not need to be listed at 90. it needs to be listed at 82.5 and then it'll move or whatever it is i don't know but i think that's what's happened to you probably you could be just a little bit off and just enough off that you ran off because what happens when people get give give you the eye roll when they see your price right and but i don't know i don't think you need to give it away i i would just start fresh with a good real estate agent and get good information and let's price it right and the spring's coming yeah and it's going to be a great it's going to be a great spring real estate's hopping man it really is i i'm doing i'm doing the same thing that's that's what i would do dave good cool i love it alex is with us in college station texas aggieland what's up alex hey dave hey um just a quick question so my wife and i will be definitely by the end of the year um so it's a little bit further thinking but i i kind of overthink things um but after we get debt free we are our next one is to be saving for a house good but that's not looking like for another about four years um while she gets through school and while she's able to um get her degree in teaching and become a teacher and then we're looking to buy after that just in case we move um i have a really flexible job um and so we're just looking to see what would be best should we invest start investing some will look 25 24 yes um or should we hold off and just pile up money for a down payment no no you're too young and you're waiting for four years i don't want you to go four years without investing alex now what you can do invest 15 and while you're investing 15 going ahead and start saving a little bit now once you all find where you are where you are um i don't have a problem with you pausing a little bit to save up aggressively for a down payment but right now i want you to take advantage of your age of this season invest the 15 you can start saving some extra on the side and then when you all get there it's about 30 find your your home your city then you can pause to aggressively go after your down payment but please take advantage of your age and time and investing right now yeah exactly that's exactly that's well done so what i would do you know alex that is follow that plan but just look out there a little bit and say okay today it's four years but a couple of years from now you look at me okay it's two years and we're kind of thinking by then we want to be over in x or y city and you start really kind of dialing in your details and you go okay two years out i might stop and pile up cash and get ready for my down payment at that point but right now i'm with anthony let's get started on the investing you've got plenty of time here and you can always start and stop and that kind of stuff if you need to you may be able to save your down payment beyond the 15 and never stop it that's a possibility too i like that and uh you know if you just keep working on it and pushing along now obviously we're doing this while she's in school he's working so we're on a pretty tight budget my guess is probably a lot of room in this but that's not a bad plan at all well done open phones at triple eight eight two five five two two five thank you for joining us america now how many of you guys are stressed out or you're hurting because your retirement savings took a major hit last year well it only took a major hit last year if you took it out at exactly the wrong time see yeah maybe you're super close to retiring and you're wondering if you should work a few more years maybe you're trying to figure out this overall situation and say i don't know what to do with my investing so you need a pro in your corner to coach you and it's not to tell you what to do i don't do what the elp or the smart mr pro tells me what to do i learn from them and then i make a decision now they'll have a suggestion probably but this is not a my guy tells me what to do with my money and i blindly follow my guy you don't do that so if you want to learn to invest or you've got questions about your retirement text invest to 33789 find an investment pro in your area never again face a global crisis alone text invest to seven 33 nine invest two thirty three seven eight nine and david i want to say that sutu to america when you do that text the word about you're gonna get like three to five smart vesters from us who are highly qualified individuals but let me say this interview all five of them and see who works best for you and your family yeah maybe just personality yeah what do you connect up with and and what you're always looking for with financial people whatever kind of financial people it is it's the heart of a teacher you're always looking for someone that's teaching you and you'll know you've got someone with the heart of a teacher because you don't feel slimed you don't feel sold you've learned something every time you have a conversation with yes and that's what you want to do you want to be around people teaching you something so that you can make better decisions with your money this is how this works this is the dave ramsey show [Music] [Applause] [Music] we were drawn to christian healthcare ministries because we both had young families and we wanted to have more children and we had also just started a real estate company and needed to find health care coverage that would meet our needs we were attracted to chm because of its low monthly costs and the ability to negotiate medical costs down established in 1981 and accredited by the better business bureau chm is here to meet the needs of your growing family or small business check us out at chministries.org we absolutely believe in it [Music] anthony o'neil ramsey personality is my co-host today open phones at triple eight eight two five five two kyle and caitland are on the line in reno nevada it says on my screen you guys are debt free congratulations thank you thank you sir thank you well done how much have you paid off about 75 000. how long did this take you 16 months good for you and your range of income during that time um about 97 to 106. good what do you guys do for a living i am a second grade teacher and i'm a wildland firefighter awesome blm wow what a year you guys have had and uh yeah man covet and fires and everything else huh so uh 75 000 worth of what kind of debt um that was a truck um and then two student loans and some medical bills so you're kind of normal yeah yeah what happened what got you started um well we were doing our taxes and we realized how much money we made and um that if we actually buckled down it would take us no time to get rid of our debt and before we started we were doing dave ish and we were already putting money away but we weren't really attacking our big debts yet and we kind of just wanted to be in control of where our money went and so we started to do our budgeting and got our money on track and then and so you just basically did the budget and took off huh yeah yeah dave i've been listening to for a little bit here and there and when she said davish i mean we were paying more towards the loans but we weren't like doing full gazelle intense and when i sat down to our taxes and i was like hey love we could we could do this pretty darn quick if we just uh sit down and go to the grind for it so right before he asks you to do something difficult does he always call you love caitlin he knows how to do it i love it i love it hey throughout this journey you guys i i gotta ask um you know what was one of the hardest things you know going throughout this process you know and seeing your taxes like but after that what was the most difficult part of getting out of debt um i think it would just be staying on track i mean you see others doing the things that you want to do or you know going out to eat and and just holding each other accountable and keeping goals in mind because we saw you know we saw the end goal and so we had to just keep reminding ourselves of that and not trying to live like everybody else was living and i think uh one of the things that i had i like doing a lot of projects yeah and we were kind of on a newer house to us when we moved up here and from flagstaff arizona and a lot of yard work needed to be done and i'm a big project guy so i definitely had to hold off my projects and uh do a lot of drawing and sketching of what i wanted to do after we paid everything off yeah yeah that's good well it gives you a reason to push on through then yeah that's cool yep exactly that's good very good so how does it feel now that you're free oh man it feels great i mean it's just nice to oh now that we're on four we got through three four five and six i mean money's going to the kids college uh putting the 15 in and going towards the house what we have left and just being able to go out and do some things that we weren't able to do before amen wow that's cool so what do you tell people the key to getting out of debt is now that you did it what is the big way somebody listening okay i got 75 000. i want to do that in 16 months how you do it um well just be on the same page and even when you're not on the same page just communicate about it there were definitely times that we you know disagreed or got on each other's nerves but we at least talked through everything and we held each other accountable like we already said um but two of the biggest things is first of all the budget and and sticking to it and really knowing why we have money going where it's going um and then celebrating small milestones so along the way we kind of broke up our our chunk of budget into four pieces and every time we hit one of those pieces we had something to celebrate and it kind of kept this going those celebrations we had honestly uh it was nice it was before coveted but when we it came down to it we had one celebration we were going to go do a little staycation and it didn't end up happening it just didn't uh fall in the books and planning and so that extra money we were going to spend on that went back to the debt boom here we go yeah game on yeah yeah that's a big deal so what's next i mean you guys are already investing you guys are already investing into your kids future um what's next how do you celebrate this you know now that now that you can take your feet off of the pedal um how do you really enjoy it well right now we're trying to save for a uh newer suburban and man vehicles are expensive yes they are that's the truth especially suburbans and when you actually pay for them you realize that more don't you yes yeah like i've been looking i've just been keeping my eye on looking for the right deals i'm always shopping around and man it is impressive how expensive they are well great job you guys great job we're very proud of you and the kiddos have been involved what are their names and ages um we have mia and emilyn and they are almost five they're twin girls and then we have watson and he is almost nine months well he's a big help yes yeah you know it i love it well they're cute we got a picture of them popping up on youtube here so we're seeing them this beautiful family well done you guys very very well done excellent excellent job so all right we got a copy of chris hogan's book for you everyday millionaires and uh kyle caitlin mia emilyn and you too watson 75 000 paid off in 16 months making 97 97-106 count it down let's hear a debt-free scream three two one ah that's how it's done right there man wow that's how that's powerful that is good job you guys great job you guys open phones at triple eight eight two five 825-5225 thomas is in dallas hey thomas how can we help you today hey hey dave how are you doing great what's up um i just want to say this is an honor i mean me and my mom been listening to you for so long and we also learned about you in school now i'm 17 i've been trading stocks since i was in about seventh grade i've been profitable the last two years it took me about four years but i'm going off to college pretty soon to play baseball on an athletic scholarship and i don't think i'm gonna have time to trade stocks uh to make my money and i've came up with the conclusion that i should open up a roth ira and just start feeding that monthly while i'm in college and just have that grow and pick individual stocks and and uh not so much conservative stuff because i am on like the younger side and i still have time to grow my money um but i was just gonna ask if that was a smarter way to uh to go about it when i'm in college it's just putting my money in my roth and just having to go for me over the four years all right man i'm gonna jump in before dave jumps in man i i like i like you young man yeah i can tell you're really thinking about thinking about the future there's two things i'm gonna say one thing i i think investing into a growth stock mutual fund covered by ira is a great option i do not want you to do individual stocks when i know you've been doing individual stocks coming up to now but i want you to trust the growth stop mutual fund but before you you you really jump into that i really want you to step back and just really make sure that you understand you're the number one investment i get it this younger generation really wants to get into the money really want to see wealth that's great but the number one asset that you have is your mind it is you okay then it's your money which is your tool but for yourself make sure that you're graduating debt free sounds like you will but then make sure you really understand your why behind life you know where are you going in the future and then once you really have yourself established and you've invested into yourself then yes we can start looking into the money but the ira gross up mutual fund perfect route for you at this at this age and guaranteed where you're going you'll be a millionaire before you even turn 45 50 years old yeah thomas i don't buy single stocks i've been doing it a long time and um 78 of the day traders lose money that's 8 out of ten those are not good odds son stop that this is the dave ramsey show [Music] [Music] [Music] [Music] our scripture of the day matthew 11 28 and 30 come to me all who labor and are heavy laden and i will give you rest take my yoke upon you and learn from me for i'm gentle and lowly in heart and you will find rest for your souls for my yoke is easy and my burden is life martin luther king jr said if you can't fly then run if you can't run then walk if you can't walk then crawl but whatever you do you have to keep moving forward so anthony i saw a better mlk quote that's one of my favorites i use that one all the time but i hadn't seen the one that you posted on your instagram and i just saw it a while ago when i was thumbing through here let me see if i can find it you never memorize it but there it is uh nope that's not it there's mlk quotes all over instagram what am i thinking of course there is that that one i just did is on there you saw my when i just posted you posted it earlier this morning i think yeah let us not seek to satisfy our thirst for freedom by drinking from the cup of bitterness and hatred that's it yes and um strength to love i guess that came from that probably yes yeah because that book is all about his uh passive approach non-violent approach to protesting yes and um into anything for that matter he uh uh was a devout pacifist and it's very interesting read if you've not read that book folks i strongly recommend it yes but the strength to love it's powerful and for somebody like me that tends to just i mean i get i get i'm passionate i get fired up i just bust something in the nose you know and for somebody like me it's good to read something like that to offset some of that and go okay you need to calm your butt down [Laughter] that's me dave too i needed it yeah it was a great book just to just to remind me that you can have strength but how do we turn that into love in a loving kind way and at the end of the day love speaks louder than hatred and then and then violence so there you go that's good there you go good stuff mlk day open phones at triple eight eight two five five two two five anthony o'neil ramsey personality is my co-host today uh looks like alicia is next in omaha nebraska hi alicia how are you hello good how are you great how can we help so i just finished my master's degree congratulations and my husband and i thank you um we were debating possibly refinancing our house and being a cash out to pay off our student loans no no no no no no no no no no no how what um how many how much are you student loans uh alicia um they're about 50 000 and we have 90 to 95 000 in equity in our house cool i'm not worried about the equity i don't want you to do that what shows uh household income i'm 65 a year okay what's your master's degree in um to be a certified nurse midwife okay so you haven't started that career yet no no i just graduated about a month ago oh okay okay so but so we're talking really you've primarily been working on your education he's primarily been the breadwinner is that correct no you just stay at home dad i work full-time as a nurse oh okay so do you anticipate your income going up as a result of this masters yes um it should go up to about 90. okay okay that's good news okay yeah what i would do is just exactly what anthony said i'm just going to roll up my sleeves and i'm going to get rid of these student loans here's the thing if you became permanently disabled the student loans are forgiven if you pass away the student loans are forgiven none of those are true if you go borrow on your house to pay them off and the it's a good thing to just work through and be done with this debt and not do damage when you move debt over onto your house you feel like you did something and the debt just stays there instead of getting it reduced and your overall net worth going up as a result so the great news is your income is getting ready to go up 30 something percent and uh i'm gonna use all of that and any other money i can squeeze out of this budget yeah and i'm gonna get rid of student loan in about 18 months so aka and and and a different way of saying it when you get your raise you don't have a raise you know you still live there you go you know when you when you get you raise when you get the income it's not yours it's going all towards that debt and you're going to live that lifestyle and live with that mindset until you pay it all off trust me you do not want to put that over to your house yeah because it's going to hang around forever that way yeah open phones at eight two five five two two five christiana is with us in houston texas hi christiana how are you i'm fine how are you mr ramsey better than i deserve what's up yes my husband and i we are trying to decide what to do with a chunk of money that we are that we are projecting to get um we think that we can have we have 66 000 left on our mortgage that's the only debt that we have and we believe that we can have that paid off by the end of 2022 um and so we were wondering if the money that will be coming in up until that point to pay off the home if we should go ahead and pay off our house or if we should take that money and do something else with it and that is something we're not sure we don't know what would be wiser how much are you expecting we're expecting uh we're expecting probably a hundred thousand dollars over the course of the next two years i'm sure you could be debt-free by the end of the year right we no no over the course of two years i know i think we'll have 50 000 this year and then 50 000 next year but you only owe 66 right what's your household income uh it's just my husband's income so it's 90 90 000. yeah so y'all could be debt free by the end of the year if you get 50 000 and you add another what sixteen thousand on top of that you're debt-free right uh not sure didn't you say 66 was your mortgage yes okay 60 if you get 50 and throw it out that leaves 16 000 right right and if you were to cash flow the 16 000 out of your budget in 12 months that's a little more than a thousand dollars a month you'd be i have the house paid for but if we're off a little bit i mean we'll call it 14 months right right i mean whatever whatever fits in the budget but that the answer is wherever you are on the baby steps is where you throw all money and where you are is four five and six and four is fifteen percent of your income going into retirement i'm assuming you're doing that correct already done good you have children you're saving for college that's correct no okay so we skip five then any other money that comes we throw it at six until the house is done when the house is done then we can move on and we're at baby step seven at that point max out all retirement and the point there is just to become very wealthy and outrageously generous and live and give like no one else because that's what you've done you've done a great job by the way absolutely this is absolutely fabulous yeah but if i'm in your shoes i i mean i'm seeing i can see it it's right there it's only 66 000 i'm just gonna pop that thing man i'm gonna hit it in the head and kill it yeah just get it done get it done get it done dave you want to give me a bonus of a hundred thousand no no anthony your your raise your race is just like mine your raise works exactly like my raise works i mean hey it's effective when you are you're right you are absolutely that's hey i was trying to be effective right there and ask the question no but it was just random just a random lightning bolt right here in front of 17 million people oh that's fun i will give you a hundred thousand dollars as soon as you saw a hundred thousand them books hey man listen that's kind of built into your plan you'll probably make a little more than that that's good i'm grateful so people we need a hundred thousand of you to buy debt-free degree because anthony wants a raise amen hallelujah there we go thank you jesus you have a worship service right at the end of the show yes yes that's amazing that's neat though make a 90 and get a hundred thousand oh it's over two years ago it gets fifty thousand dollar bonus yeah i mean that bonuses some people sound serious well yeah you know for real she's blessed more than i've made in a lot of my years i know that wow very very impressive yeah her bonus is more than i was making as a youth pastor oh that gets me upset yeah you well youth pastors are renowned for their income yes yeah oh man that's a tough job man it really is you have teenagers and no pay yes yeah it's a tough job oh i don't miss it i mean i miss it but i don't miss it you said that out loud you were thinking that and you let it come out of your mouth i don't believe you did that oh i put this hour today ramsey showing the books thanks to james childs and kelly daniels in the booth taking care of business back there making sure this show works i'm dave ramsey that's anthony o'neil 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] you

Channel: The Ramsey Show - Full Episodes

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Id: 0_M2WeaYJ6A

Length: 122min 40sec (7360 seconds)

Published: Mon Jan 18 2021