It's Time To Start Acting Your Wage!

this is the ramsay 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 ramsey show where debt is dumb cash is king and the paid off home mortgage has taken the place of the bmw as the status symbol of choice i'm dave ramsey your host anthony o'neil ramsey personality number one best-selling author of the book debt-free degree is my co-host today open phones as we talk 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 five so anthony you have spoken now all over america many many times and certainly on this show many times about this idea of how to pay for college paying cash for college is college still a good idea all of these kinds of things because of this ridiculous epic student loan debacle that our idiot congress continues to fund with your money and my money and it's an obvious failure it's an obvious blight on the american people and yet they continue to do this to the american people uh and yet walk around talk about forgiving loans but keep making them right right so uh something's wrong with that but you know this idea of paying for kids college it's something that families that are building wealth always want to look at yeah yeah and here's here's the reason why dave is because it's preventing our families from actually building wealth if they are racking up student loan debt prime example uh the average student would graduate about 38 000 student loan debt but then dave when we go deeper a fifth of these young people will graduate with a hundred thousand two hundred thousand dollars or more in student loan debt so a recent survey came out and found out that when these young people graduate they're going back home and 31 of them uh delay moving out of their parents house because they have student loan debt that's one-third that's one-third of our young people are not living adult lives are not living adult lives and your mama's basement is not an adult life but you went to college to become an adult to have it well it's part of becoming an adult you are becoming one whether you want to do or not yeah that's how this what you signed up for called staying alive but and here's when it bothered me dave is less than one-third of these young people delay getting married because of student loans about twenty percent understand that right yes sir yes sir one out of five one out of five and this is why we have baby set five this is why i wrote the book debt free degree uh because you have these young people going to college to go after the american dream you have these young people going to college so they can go out there and pursue everything that they want but it's the debt that's delaying them from getting there and what we got to do up front is start educating our young people and really dave i'm gonna say this i'm going to say this we're not really just educating we got to ask the question is college the right path for your child and it may or may not be bottom line but if it is here's how you get into it 100 debt free well we're not against education not at all education is a good thing absolutely uh sometimes becoming an educated uh welder makes you eighty five thousand dollars a year and you're one year out of high school and you have four years to earn while someone else is going to school earning nothing so you are you know you're 250 000 ahead before we start the equation um but and that so and getting an education in left-handed puppetry as rachel says is a dumb idea and people go get these useless degrees and act like that somehow society owes them something so we're not talking about that but we are talking about getting a good solid academic underpinning to be able to advance your cause the cause of your life yes and that's a fine thing and you can do that at a state university with a basic good solid degree that gets you a job you know uh supply chain people coming out logistics right now making 80 grand with an undergrad i mean so you know you do not you know you obviously can go through and get an accounting degree obviously you can go through and get a communications degree obviously you can get a marketing degree there's a lot of business stuff you can do on one side on the other side there's other specialty things engineering architecture there's all kinds of degrees that are worth the money if you don't pay some crazy but ivy league price for it you can get your money back it is a good investment yes but all education is not an investment some of it's stupid yeah absolutely and my my question is what's the roi if you go to this school if you get this degree can you get a job will it be a good return on your four years and the money that you spent so when i started teaching this stuff 30 years ago we would interview people and a survey would tell us 98 of parents are planning for their kids to go to school okay seven percent were saving for their kids to go to school so in other words i'll talk no do big hat no cattle right big discussion no actual getting ready to send them i mean i guess you didn't have a plan how you consume school maybe government welfare was the problem or or dave did they did they not save or were they planning on just taking this they just talked in their head it was a good idea until they went to the pizza place and spent this week's paycheck you know or until they needed to go to the dadgum all-inclusive whatever at cancun yeah and uh all of a sudden kids college takes a back seat because they weren't budgeting for it they weren't actually freaking doing it they were discussing it nowadays it's shifted and there's actually of the people that say that they think they should be saving a high percentage are actually doing something yes so saving at baby step five you know four five and six we teach you to do together you're out of debt you have your emergency fund you're putting money into retirement it's for kids college is five meaning saving investing for kids college yes that's important yeah but dad and i want to say this because you said four five six and seven is all done at the same time we are not saying sacrifice your retirement no i said 15 of your income exactly i just want to make sure people then you move on to baby step five four is fir before five yes that's yeah you'll learn that in college four is first you put fifteen percent of your income into retirement and then five you do kids college yeah and then the six you with any other money you can find you pay off the house early right right and this is what millionaires are doing baby step millionaires the everyday millionaires that we're talking to all the time this is how they're living it's what they're doing and then if they're if they got the 529 full and that particular kid doesn't go to school or they get a bunch of scholarships you can move that money around you can do different stuff with it you're not stuck but you are stuck if you're broke and here's what millionaires are not doing they're not taking out parent plus loans they're not allowing their kids to go out there and sign for student loans they're saying no this is what you're going to do and if you want me to pay for if you want me to help you with it then you're going to a local community college you're going to a local end state but we're not signing for any loans why because i love you don't allow your your child to make a child decision a kid decision to an adult choice no no don't do it yeah you don't get to decide because that's where uh my girlfriend goes oh lord this is not how you pick a college it's uh but people do yeah they do people do and a lot of them one girl called you and i are here on the air a few months ago and she's like i want to go to so-and-so because the town is pretty shoot me i was laughing at that one dave one of them said i want to go to this college because my boyfriend is going there yeah i just wanted to scream yeah it's the same thing and so yeah moms and dads you have to be good parents and teach them how to go to school where they can afford it where you can pay cash for it you need to save money so that you can cause all of this to happen in your college 529s get in touch with one of our smartbuster pros and you can get that done guys this is very doable yeah but you just have to start actually thinking about it and doing something about it it's very doable debt-free degree is the book yes by anthony o'neil this is the ramsey show [Music] stop paying your overpriced wireless provider and switch to puretalk they use the same network as the larger providers for much less for just 30 a month get unlimited talk text and six gigs of data with no contract the average family saves over seventy dollars a month by switching to pure top just go to puretalk.com and enter the promo code ramsey to save 50 off your first month pure talk simply smarter wireless [Applause] [Music] anthony o'neil ramsey personality is my co-host today open phones at triple eight eight two five five two two five brayden's in memphis hi braden how are you hey dave hey anthony how y'all doing great man how can we help so i've got a quick question for you um i'm 21 years old i have 60 000 cash saved up um i have a 8 000 emergency fund and me and my wife have we've been married for almost three years now we've been renting the house for my dad for about two years now and he's offered to sell it to us for a pretty generous um amount that he was willing to give it to us for so it just appraised for about 215 to 220 and he's won't sell it to us for 140. excellent and um i was just wondering am i in the position to go on and do that um my only concern is that it is an older house it's it's been in our family for 70 years now and um so it is older but it's in really good shape um is that something smart that i should do or should i hold off and keep renting braden how much what's your household income right now so our household income is about 55 to 60 000. okay 55 to 60 000. and um you have no other debt no debt good for you well done you guys got started early and you did well yeah good good work thank you okay everything here sounds fine on the numbers uh the only red flag i heard was it's a family heirloom what happens when you want to move well we've already discussed that and um he's perfectly okay with that i mean there's no big connection to it it's just it was his dad's dad's and then got handed down and he ended up buying it from someone else that moved into it um and so he bought it from him so you're not gonna have something you're not gonna have your mother mad or some uncle matt or something like that if you're somebody not no no sir okay they're not gonna win a piece of the uh profit when you sell it and make that extra hundred thousand dollars that he missed out on no sir so when i um i'll take out a 80 000 loan to um you know put after i put my 60 down and and then it will be deeded over to me and that's it for them i like it then go get it yes i would do that i definitely would do that there's nothing wrong with it at all and here's the thing if you don't have to live there forever sure don't if the thing starts giving you fits because of its age make a move later so 10 years from today your life is going to be way different than it is right now yes sir we were actually gifted um a hundred acre farm last year from my grandpa and so our ideal situation is to build over there really what i was wanting to do and instead of paying rent in this house would be putting my money into the equity back into the house that way when we're ready financially to pay cash for the house that we want to build on the farm then we can sell that house and just dump it all into the next house a wonderful plan all right beautiful now the other the only other thing is i want your dad to check with his tax advisor because he is giving you equity in excess of gift tax limits and so he may need to file a uh a gift tax filing with his income tax and if you can remember this phrase teach him this phrase a unified estate tax credit he may want to use some of his estate exemption to be able to give you this gift without paying taxes otherwise he could get dinged with some gift tax in the event of an audit because he gave you a very very large gift in excess of uh what is allowed right now without taxes and so um you know that that's you know the whole process so having having check with his uh tax advisor on that and figure out exactly what the best plan is to do that the best way to do it but probably a unified estate tax credit is going to be the best direction hey man thanks for the call 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 is my co-host today john is in grand rapids michigan hey john how are you i'm great it's a pleasure to speak to both of you um thank you so i have a recorded land contract that i uh lived in um i owe 40 and it's worth 90. and i ended up travel nursing so i turned it into a rental property i do go back to the area often and i would like to move back there one day and limit it so my question is i know you hate land contracts i hate land contracts i have an opportunity to get the 40 000 from a credit union do it just take a personal loan pay it off do it okay do it and get the property in your name the property's not currently in your name correct it's dangerous yeah yeah really dangerous i know but so yeah i just i just i just wanted to make sure taking the person along was the right way to do it that's a yeah it's definitely it's a forty thousand dollar loan and you know just uh uh credit union will do it if they've wanna if they wanna put a mortgage against the property they could uh make sure it's a fixed rate no closing costs with a credit union it's a tiny little loan a mortgage company doesn't want to screw with a 40 000 loan okay and so uh yeah credit union is the way to go fixed rate no closing costs no uh you don't need an appraisal uh i mean this is a this is a a brainless loan it's an it's a no-brainer easy easy to make and but you don't you don't want a land contract anthony for folks that don't know the land contract is where you have a it's also called a contract for deed which means the property is not deeded to him yet he has a contract under which he's paying payments and when he pays all the payments meaning pays off the debt then he gets the deed the problem with that is if something happens to the seller like they get sued for a traffic accident for 500 million dollars that becomes a lien on their deed and the deed is not in his name these things are dangerous wow so get it in your name you have way too much equity laying there fifty thousand dollars at risk of the seller accidentally doing something stupid they get an irs lien on them it clouds your title they get all kind all kinds of things can happen because not titled to you the title is in someone else's name even though you have recorded it you can have an option to purchase a piece of property and record the option it just lets people know you have an option but it doesn't keep that seller from messing up the title before you get it in your name and that's what this is in a sense it's an option and when he says recorded that's nice that lets other people know that the property is tied up yeah but it does not keep you from uh getting in a screwed up mess if the seller does so yeah you go get a loan it doesn't get the property in your name asap okay okay that's what we're talking about there open phones at triple eight eight two five five two two five 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 free samples free shipping and with the new promos they run all the time you'll save even more use the promo code ramsey to get the best possible deal so dave today's question comes from jacob out of indiana he says my mortgage payment is nine hundred and ten dollars and my only other debt is a thirty six thousand a loan from my grandfather which i used to pay for college my monthly income is four thousand dollars and i'm currently paying two thousand dollars a month to him my fiancee wants to help pay my grandfather back to get us out of debt quicker should i let her help with this even though we aren't married yet or should we wait until we get married to clean up this debt uh dave if i was talking directly to the fiance i would tell her to park that money in the savings account and then the moment you all get married cut that check to you uh but if um um you know if you all don't get married i would hate for her to be out of that money um so that that's my two cents what i would tell her yeah there is no we you're not married right there's a we after you're married and so uh help us get out of debt she ain't in that honey you are uh until she marries you and then she's a we okay so yeah that's exactly right that's exactly how you do it it feels so it feels so different and say no to getting help it's easier to say no to helping yeah well that's true that's true it was tough it was a tough note for me i was like oh man but here's the thing i mean i the most bizarre one i've ever had of these was i was coaching um a young woman and her uh she had paid off a bunch of her fiance's debt and he got killed in a car wreck before they got married and so what does she do does she ask his parents to give her the money back no no i mean you're just it's messed up yeah yeah it's messed up and so that was the most bizarre and sad one but uh more times than that it's not not it's not that it's a breakup yes and sometimes this back and forth stuff before you're married causes relationship problems facilitates the breakup yeah 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 triple eight eight two five five two two five chris and steph are with us they are in minneapolis minnesota with a debt-free scream what's up guys well we're feeling pretty debt-free how are you dave well you sound like you are that's awesome how much did you pay off we paid off 66 000 in 41 months good for you and uh what was your range of income during that time our range was 71 000 to 80 000. good what do you guys do for a living well we're both teachers and we do a lot of side stuff um steph runs the children's theater company throughout the year uh through the summer she does uh gig working with the grocery delivery and i managed to donate plasma along the side through my gap in the year i've found work through scuba diving valet country club grounds crew at the park and delivered packages scuba diving in minnesota sounds cold it's cold minus the summer man even in the summer i mean i've done some fresh water diving in tennessee in the summer and it's still cold oh man that's a lot of wetsuits good for you guys what kind of debt was the 66 000 well uh 55 000 was student loans before we were married it was my loans but it was ours now the rest was the car loan tires because i didn't know how to save money and engagement rings uh pretty much everything but credit cards oh okay so how long you guys been married they're still normal right yeah absolutely three and a half years so that sounds suspiciously like 41 months so you get married and it was game on tell me your story what happened we started financial peace university this was before ramsay plus four summers ago we were engaged i read the complete guide to money we listened to your show we learned a lot it strengthened our marriage and then we were gazelle intense from there we had a baby along the way so we had the cash flow and slow it down a bit but once we caught up we became another level of gazelle intense yeah there was another setback called 2020 and that happened and we didn't know what happened so we paused and saved up but then we resumed almost like nothing happened wow i'm proud of you guys well done how old are you two 29. all right good now i have a question you said you paused during covet would you say covet was the hardest thing throughout this journey or would something else be the hardest thing throughout this journey um we just paused just for the safety of if we ever had to go back a baby step but we definitely took priority in paying off the debt despite whatever situation that you were in it's definitely going to save us more in the future you know there's always the pressure of you know we have to borrow more save less but i don't know we just we followed your advice we stuck to the budget we tithed along the way tithing did not set as big a setback as we first thought and that's just we want to let your your listeners know that so that's awesome i'm curious as millennials were some of your millennial friends looking at you a little weird like you're like you're crazy yeah we're the anti-credit card couple uh public with that um but you know after financial peace i mean the key to getting out of debt is making that plan and communicating and saying no to credit and we still have to say no to credit we get those giant zeros in the mail with zero apr or zero money down and um but you know just build those small habits of not getting separate bank accounts or yours and my desk and so we just want life to be simplified and you know the flyer points aren't looking too great for us the free stuff we can't say no to but we just choose no payments either way yeah amen so the uh you know the interesting thing i'm hearing we're reading studies and and things about millennials and and our experience with your age group uh but we're getting a a huge rush of 20-somethings onto the show here and so we're we're really really hearing from a bunch of you guys but the stuff i'm reading is saying that this the 20-somethings are real anti-credit card to start with they didn't need me to get there they got there on their own are you seeing a lot of your buddies that way or a bunch of them just loving credit cards what do you what do you think stuff do we have friends who are really into credit cards uh we definitely do just for like perks like gas and uh like chris said earlier um airplane flyer miles they think they're getting yeah it's it's designed to really i guess work against you when it looks like it's a benefit yeah absolutely yeah i mean it's that whole thing you know if we can just get you in here and play with snakes and one of them will bite you so um that that's oh wow okay cool very cool so proud of you guys who were your biggest cheerleaders thank you oh we had a lot of cheerleaders you know um our parents i mean we just uh started this journey ourselves but you know your name is a household name um we're just getting closer to that seventh baby step living like no one else but it's kind of nice to taste some beans and rice once in a while get a little nostalgic you know early newlywed years thrift shopping highly recommend i can't pass up a good deal i don't care how much money you got i mean we can't pass up a good deal i love it that's so fun well well done you guys we've got a copy of the legacy journey to take you on to the next step with that new baby and that's what you're doing you've changed your family tree leaving a legacy heading on to baby step seven and debt free all the way way to go and another copy of the total money makeover i'm sorry it feels great we're proud of you way to go also a copy of the total money makeover for you to give away to someone and pay it forward and get somebody else moving along here so very very well done chris and steph from minneapolis 66 000 paid off in the first 41 months of their new marriage had a baby along the way making 71 to 80. count it down let's hear a debt-free scream three two [Music] [Applause] i love it that is funny i mean that is awesome 29 euros man i'm i'm just i'm loving it dave i i'm loving it well 21 year old calling and paying putting sixty thousand dollars down in the house i mean this millennial generation is they're hearing the message well you know i've always said there's two types awesome and sucks there's no middle ground with millennials they're either dumber than a rock or they're the best kid on the planet and they're doing everything smart either there's no there's they don't do mediocre they do stupid with steroids or they do wise with steroids hold on dave they do i mean that millennial well you're one of the smart ones okay you are you're not in the millennial generation i am you're older than that i'm 36 is that that's not millennial yes it is james millennials are getting old hey hold up we're barely on the bubble yeah yeah thank you thank you james hold on dave just call me old if i'm getting old where does he i i'm i'm ancient and wise and need and due respect hold up man hold up i'm still entitled i'm young at the heart i'm young i'm young you know all right open phones eight two five five two two five here's the funny thing about it as long as we've been doing this i mean for 30 years i've always heard every you know gen xers yeah they were the ones they were the millennials back when i started gen xers oh those channels skateboarders yeah you know oh my gosh you know and the baby boomers oh they're just dumber than a rock they spin and they're all about greedy and what was the skateboarders dude that was the gen xers oh blake thompson oh but yeah i could see blake thompson riding the skateboard oh he's definitely a big time skateboard guy big surfer too still he's an old guy doing it now but that's what that's what gen xers are they're old now so what is pete then because pete drives i mean he does escape pete's big surfer i i would imagine pete is a gen xer is he yeah you beat gen x or we love it then there's gen y yep and then there's the millennials yeah so i don't know what gen y got accused of but every generation has been accused of of having their slackers every generation yeah and now boomer is like a that's like a name you call old people you're just a boomer that's so funny i'm glad you know you're a boomerang definitely i'm a total card-carrying boomer and dad jokes that's me this is the ramsay show [Music] [Music] so [Music] auto insurance companies love to play the game where they see just how high they can jack up your rates for no apparent reason right this is fun good news it's not hard to beat them at their own game it's called shopping them all you gotta do is check on your policy every year or two and make sure you're getting the best price on your coverage and if you haven't done that you're really probably not at the break we were out here we just met one of our endorsed local provider insurance agents from muskegon michigan just a minute ago these elps are independent insurance agents which means they shop among several different companies and get you the best price they actually work for you they're paid by the insurance company a commission but their work for you because they help you find the best deal and so you're gonna save six seven hundred bucks on average when you have them shop it for you of course it doesn't cost anything for them to go shopping for you so call them get in touch with them don't sit back while your insurance company jacks you around for no reason man don't we all kind of hate this whole thing text auto to 33 789 and uh put a trusted elp insurance agent on your team an endorsed local provider that's auto23789 anthony o'neil ramsey personality is my co-host today jake is in dallas texas hi jake how are you doing great how you guys doing better than i deserve what's up happy to hear it so i am currently i'm 22 years old i'm self-employed and i'm getting to a point where i really want to start paying off on my debt building up a retirement plan and just you know overall being more wise and more strict with my budgeting however i'm self-employed so my income varies although it is steady um but i just wanted to see what you would recommend as a method to build a budget when you are self-employed and the money doesn't come in as consistently but you just want to stick to that budget and be as efficient with your money as possible so what's your taxable income in 2021 uh 2021 i would estimate my personal taxable income around 80 000. good for you well done what are you doing what kind of business uh i do a lot of post-production work uh remotely for different film production companies around the world okay any employees no it's just me good for you well done well done well i i think the the biggest thing is not uh how to attack the debt you're going to attack the debt just like anyone else would with your income working the debt snowball right smallest to largest and get after it in that order okay the question is how to manage the irregular income the first thing i would do is go get ramsey plus and get a free membership a free trial membership going and get the every dollar premium version going because the every dollar app will help you do this what you can do is just you can just go in and adjust it as your income moves around uh and so that's fairly easy way to do it old school the principle that you want to use even when you're using the everydollar app is a prioritized spending plan okay now what that sounds like is this uh in your case uh you have a a fairly predictable stream of income but if we wanted to go all the way to zero we could start with and say okay if i can only afford to do one thing this month what's that one thing and you put a number one beside that on your budget that's food by the way okay if i can only afford to do one other thing what would i do and you put a two beside that i'll tell you what that is it's utilities because if you eat and keep the lights on you can deal with the landlord later okay okay in worst case scenario but you're not even that far down you said you have steady it's just unpredictable correct and sometimes it's irregular in terms of when the money comes and but just wanting to so anyway you go all the way down that list and when you get towards the bottom of that list is where the action takes place in your world and that is that you know when you get to number 16 you do 16 before you do 17 and you put the debt snowball stuff in those bottom the extra money on debt moves down after you've taken care of the necessities of life and they're ahead of going on vacation because you're in baby step two you're not going on vacation right right and they're ahead of going out to eat because you're in baby step two and you're not going out to eat how much debt are you in right now jake um if you don't count i just bought a house um including the house including the house not including the house excluding i would guess business about 7 000 uh business debt and then about 20 000 personal debts including my vehicle including as far as their vehicle is inside the 20 000 correct okay what kind of vehicle is it uh it's a forerunner full runner it's just it's big enough and efficient enough for what i need because yeah you can afford to do every bit of thing what you're doing you just need to get paid off and so 27 000 makes you debt free except your house yeah correct you make 80 and you're single and 22. i'm married okay what's she make uh so she is also kind of in between jobs right now we're looking to move kind of closer to back home with family uh so her income fluctuates a little bit but roughly two thousand a month later right now okay so you got a hundred thousand dollar income you have twenty seven thousand dollars in debt you pay off your twenty seven thousand inside of one year absolutely that sounds good 2 500 to 3 000 a month at least towards this debt boom smack it in the head now that's assuming a steady flow of this income and it's not a real volatile income but that should be the average over the 12 months you should be debt-free in 12 months easy really a little sooner actually but the key ingredient to this dave is what you said earlier he has to get on the budget he has to literally sit down and write out his priorities yeah if you do not do that you will not get out of debt because you're not going to know where your money's going so sit down with your wife and y'all figure this thing out and i heard you say you you may want to be moving soon i would focus on this before i move so that way you're not even more unstable go ahead and get out of debt then let's talk about moving after we get out of debt that's that's not a bad idea at all open phones at triple eight eight two five five two two five michael is with us in waco texas hey michael what's up doing well how are you dave better than i deserve how can we help well first of all i want to say thank you because i am a very indecisive person by nature and just having the streamlined baby step process has brought a lot of peace of mind to you know me and my household and my wife so thank you cool work that you've done thank you so um my question is kind of career related um when covet hit i made a pretty drastic career change from uh teaching piano lessons with a music degree to working in the retirement plan industry um you know i it was the first time i had ever made a salary because i was self-employed before that um so they had me in sales like their sales department at first and i earned the first cert like kind of company required certification a lot faster than they expected uh considering i had a music degree plus i think they realize that i enjoy numbers more than people sometimes uh so they moved me to the actuarial department so my question is i'm coming up on my one-year anniversary working for this company and i think i'm at a little bit of a crossroads you know on one hand i could stick with more of the administrative work that i've been doing for them and on the other hand i think my employer would be pretty excited and willing to pay for my actuarial certification training and the exams for me to actually become an actuary the downside to that is that i need to put in a lot of extra hours every day outside of work studying and i just don't know if my educational background is sufficient for that considering like i said i have a music degree and it would take several years to earn that certification i just feel like it would be taking a lot more of a risk if i wasn't married this would be a different conversation because i would be willing to take on that risk but with well the risk is time right the risk is time away from the television whoop-de-doopty so risk well i mean i'm not sure whether or not i have the capability to because i don't know if i would need to take yes you do come on they would have already fired you yeah they're not going to let you sit in an actuarial chair if you can't do math for a year well you're and you think that and you think they're willing to pay for you to get the certification which also means they think you can do it i mean do you feel incompetent or are just lacking in confidence probably the latter yeah that's what i'm hearing i think you're better than you think you are that's what i think oh by the way there's a lot of tie-in if you haven't noticed between music and math or so i hear yes there definitely is i've always had a tendency for my numbers i mean my dad was an engineer dude you're more of a stud than you think you are throw your shoulders back rip your shirt off show the s on your chest let's go okay can i i kind of have enough you can do it man you can do it i promise you you can do it don't you think he can do it yeah he can take his shirt off [Laughter] you are wrong you are wrong do you have an s on your chest anthony i sure do i do too buddy i'm just saying it stands for super old boomer this is the ramsay shop have a friend or family member that needs a daily dose of ramsay advice in their life let them know about the ramsey call of the day podcast it's a quick hit of advice about life and money in under 10 minutes check out the ramsey call of the day podcast wherever you listen to podcasts this is the ramsey show [Music] you can be intentional about your character you can have money and a career you are the hero in your story live from the headquarters of ramsey solutions broadcasting from the dollar car rental studios it's the ramsey show where debt is dumb cash is king and the paid off home mortgage has taken the place of the bmw as the status symbol of choice i'm dave ramsey anthony o'neil ramsey personality is my co-host today a host of the table on youtube and lots of wonderful interesting folks join him for conversations at the table and you guys uh are you taking calls from people at the table not yet no sir not doing this so it's just a discussion every time i should know that i listened to it but i just just occurred to me why don't you take calls okay so anyways if you want to talk to anthony now here's your chance then so the phone number is triple eight eight two five five two two five a o is in the house triple eight eight two five five two two five tori is in cleveland ohio starting off this hour hi tori how are you good how are you better than i deserve what's up um so i am kind of in just like a pickle of what to do i've been listening to you for a little bit now and i've worked really hard the last like two months to just get that paid down i originally was living with someone in an apartment and i ended up moving back home and fortunately event however it's a really like toxic place to live in and so i'm like basically seeming to get out and i i just kind of don't know what to do because of like going through bills like i have the every dollar app and like when i look through it it's very much so that i either would live like pennies in the dollars or i'd be over so i just don't know how to go about this tori why do you say it's toxic i'm curious um like i mean it is meant as like messing up with my mental health and so like it makes things almost worse because i'm like i'm like i just hate it like it's like every day like a problem i i'm one of five kids and the three younger kids have disabilities um so and my parents just you know definitely struggled to handle it and it's a mixture of disabilities of mental and behavioral issues so uh just even a quick example like if i'm sleeping and i need to wake up at like eight or eight o'clock because that's what time i want to wake up i'll probably wake up around seven to my father screaming at the kids and that's just like i mean barely even a tiptoe dive into like like what it's like so how old how old are you 23. and i think i heard you say you don't make enough to live on your own i feel like i don't make enough no it's not a feeling it's a math thing yeah how much do you have i my base uh pay is 35 000 a year i make a little bit of commission each month on a conservative end my monthly income is right around two hundred and or two thousand two hundred dollars you make enough to live on your own you sure do okay i don't know what all you're trying to put in the every dollar app what all you're trying to finance here if you got a bunch of debt i have 33 000 in debt it's a mixture of um in auto loans for 13 000 that is under someone else someone else's name but i'm a co-signer and i've been trying to figure that out for a while and i just pretty much the gentleman's not letting me do anything with it then i have a personal my personal loan like are you driving the car or is he i'm driving the car okay so you need to treat it like it's your car loan and get it paid off and get your car right yeah yeah so i've been doing so i've been doing that very much so yes good um and then i have fifteen thousand dollars in student loans and i just went from six thousand dollars in credit card debt to two 2000. yeah what do you do i work at verizon okay 40 hours i actually i'm like i'm on i'm like actually at verizon right now do you work 40 hours i do work 40 hours yes and i've been looking at a part-time job okay yeah you need one you knew you do yeah yeah or two or three stop looking go get anything else to do yeah you have any kids tori no i don't have any kids okay all right so uh yeah you do need to get out and you may just need to get a good roommate and find out you'll find yourself in a an apartment situation that's very very affordable no you can't afford something super expensive you don't make a lot of money but if you got a rent if your rent was five six hundred bucks your part um which is very doable in cleveland ohio if you had a roommate for sure you can do this or find just a little studio somewhere in the you know garage apartment out back at some old lady's house type of a thing uh it doesn't need to be anything fancy it just needs to be quiet and yours yeah yeah my um my monthly payment on my cards 443 a month and it'll be paid off in less than three years your pa your card's gonna be paid off a lot faster than that because you're gonna get six jobs and you're gonna pay off all of this really fast i want you to double your income yeah okay but all you're gonna be doing is working for a little while because right now here's what you've got here's what you got okay you may you don't make enough money to not be miserable with the debt and the living situation so the way to fix the debt and the living situation is more money to fix both of them does that make sense yeah and if you fix both of those if you had no debt and you could make a budget that that you could live in a decent apartment uh you'd have a really good life right now at 23 years old and you'll be on your way choosing you what career you wanted to do and all that kind of thing right yeah yeah yeah so i want you to get like six jobs i want you to be a nanny i want you to be dog sitting i want you to be i don't care whatever it is you like to do but let's go make up some money absolutely i mean you can make two thousand dollars a month just you know delivering pizzas on a week you know five days a week at night yeah yeah and depending on what your education is i want you to go to tutor.com start tutoring some kids they're paying right around 75 to 150 an hour depending on what you can bring to the table and if you could do that from home a few nights an hour uh i mean not a few nights but a few hours a night i mean you can really make it so there are some things out there that you can do to generate some extra income to go towards paying off your debt and getting your income higher yeah but here here's the first thing the first thing is you lay out a budget that takes care of food utilities shelter and car payment yeah and minimum payments on the credit cards and call the student loan is in as a hardship deferral if you have to and then you go get six jobs and you start plowing through your debt snowball listing your debts smallest to largest i'm telling you if you go make another thirty thousand dollars next year on top of what you already make you could be 100 debt free in one year and that's going to change your whole position of where you are you can actually do this but your brain's kind of foggy because you're just kind of stuck in this uh job that's not like your big career job that you really wanted you've got this situation back at the house that you're trying to get away from and it's hard to just do simple math when you're when your brain's working like this so we're telling you we're looking at it and i think you can lay out a simple budget that just says food utilities roommate rent and uh pay the car payment keep gas in the car and work all the time no life you're not gonna get to go out running around you don't get to go out to eat you don't get to go to bars on the weekend you're going to be working unless you're working at one of them that's the only place you're going to be that's one place you're going to see the inside of a restaurant or a bar okay so it's time to get game on and go catgo take your life by the throat and shake it and make it behave absolutely [Music] [Applause] [Music] [Applause] 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 healthcare 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 backslash budget we absolutely believe in it [Music] anthony o'neill ramsey personality is my co-host today this is the ramsey show if you're stressed or you're hurting because you're worried about your retirement savings well i can help you with that maybe you were super close to retiring and now you're wondering if you should work a few more years maybe kovid scared you to death maybe you weren't investing in the right things or you were investing too aggressively and you lost more than you could handle emotionally maybe you pulled everything out at exactly the wrong time last year when the market dove during covid before it came back oh no if you're in any of these situations i want you to know that you don't have to face this pain alone now more than ever seek out the advice of a an investment professional a conscientious investment pro like one of our smart vester pros is not going to tell you to invest in something dumb like gold or bitcoin they're gonna say the tortoise wins the race long-term investing strategies steady conservative don't lose your money investing strategies that's what i do and that's what they're going to tell you to do you don't have to let 2020 kill your confidence in your retirement go to daveramsey.com or go to ramseysolutions.com investor that's ramseysolutions.com slash investor sandra is in cincinnati hi sandra welcome to the ramsey show hi thank you so much for taking my call i appreciate that sure what's up all right so i have a question about um term life insurance my husband and i we have nine years left on 20-year policies in 2019 he became disabled and spent that entire year with no income in 2020 early 2020 he was approved for permanent disability so my question is we have um with him being on disability and no longer working we have a high we pay 85 a month for his insurance it's not very much for his terms it's only 100 not even 140 thousand dollars in coverage and i wonder if it's worth should i keep paying the next nine years on that with him not working any longer uh so you he before he became disabled he already had expensive term yes yeah he's had her yes 20-year term we have nine more years on him okay yeah so he had other medical issues before yes oh yeah absolutely so it's a rated policy okay yes okay so it's only 140 000 but if he dies you would lose his disability right that's why i'm not 100 sure you definitely would your children would receive ssi if they're not 18 but you don't receive their they're grown okay then disability payments uh die when the person dies you lose them so um okay how's he doing overall um overall i mean he's not he's not terminal yeah i don't think it isn't beyond where we all are but his mobility is very limited and you know he stays at home okay all the time hmm that's tough i'm so sorry um what what do you make um i make 90. a little over 90 000. okay and so this is uh a thousand dollars a year is that right yes yes yes y'all have any savings right now sandra um we have we actually just this month after 30 years of marriage i mean this month we're writing off our last debt payment and we're going to be done so we have the emergency fund we're going to start building this three to six months fund um but we also have you know ira you know retirement accounts about 150 each ballpark nothing crazy and how my son um i am 53 he's 57. my son i would keep it about five more years until you get your nest egg building a little bit better yeah i'm not sure i'm gonna keep it the whole nine years but i'm gonna keep it three or four five maybe something like that while you get this nist egg cranked up uh it's only a thousand dollars a year and 140 000 to go a long way right now in your situation but uh you know what i love about the question is you're actually trying to think it through and you know can i make it without that money if something happened to him which you didn't know for sure would be the case until you talked to us just now but that is the case so you just got to say all right um you know do i need this little bit of cushion until i get this nest egg going a little bit further now that i'm finally out of debt and i make 90 grand a year so yeah i'm gonna keep it a little while longer but you can make that decision again in a year in another year and another year you don't have to do everything exactly the way i said it but i think the three to five year mark is going to make a lot of sense another three grand to have the insurance in place uh three years from today you ought to have a lot more money in investments than you have today uh because now you're debt-free and you make 90 grand so that's good news so dave in this situation uh correct me if i'm wrong i like what you said should her focus be and for to anyone else who's listening get a fully funded emergency fund start investing and then maybe put a little bit more in the savings for possible barrel costs so she can have some extra cushion if something was to happen you might have four might make sure you had the full six months in the emergency fund yeah have a full emergency fund but that's all you would need okay it's a good question though yeah just thinking uh it's but the point sandra is is you're doing a really good job of reevaluating now that things changed yes and guess what you're gonna do that every year you're going to reevaluate now that things changed because they're going to change every year and so um you know you may get a big raise your investments might take off and do really well could be just the opposite we have struggle getting money into the investments so we want to keep it a little longer but somewhere in there is the plan to uh somewhere in between there is the plan but for today i'm keeping it at least one more year and i'm okay with a three to a five year plan somewhere in there i i think you're gonna be okay towards the end of it though thanks a bunch open phones at triple eight eight two five five two two five you guys jump in we'll talk about your life and your money anthony o'neil ramsey personality is my co-host today casey is in little rock hi casey how are you fantastic how are you better than i deserve how can i help uh yes sir i'm trying to get your insight um i have about eighty thousand dollars in debt um uh my my highest is my student loans for about sixty thousand and last year i bought a car uh about it was about twenty one thousand right now i have about nineteen thousand three hundred sixty four dollars left on it um trying to get your insight do you think i should keep this car i make about fifty three thousand and one hundred dollars no no no no you need to get rid of the car you should have never bought the car what kind of car is it real quick uh 2020 hyundai accent hyundai accent okay all right yeah we need we need to trade this car in we need to sell it actually and then go get you a cash car you have any cash in the bank right now uh just uh 1 000 yes sir all right uh we're about to go to uh a commercial here but once dave get done talking to you i'm gonna have kelly stay on the line i'm gonna have her send you a copy of my destroy your student loan debt that's going to help you walk through these student loans but right now you need to get rid of this car so our rule of thumb casey that he's using to do that is if the car is more than half your annual income or you can't be 100 debt free including the car within two years because of the car then it's time to get rid of the car the second one is what got you obviously 19 000 is less than half of 53 000 so that'd be okay it's on the bubble but it'll be okay to keep it you shouldn't have bought it but it'd be okay to keep it and pay your way out of it the problem is you're not going to be able to make that free if you do keep it within two years it's going to take you three years and so it is worth stepping down out of that car and that's what anthony that's how he made that decision real quick so quickly yeah is those are two guidelines we use because here's the deal cars come and go but wealth is built when you get rid of the payments the faster you get rid of the payments the faster you can build wealth and the faster you can buy a different car but right now you need a beater yeah stay on the line kelly will take care of you get your copy of that book [Music] [Music] [Music] [Applause] [Music] anthony o'neil ramsey personality is my co-host today a couple of cool looking gazelles on the stage right here in ramsey solutions on the debt free stage it says gazelle intensity a little unicorn action on there great t-shirts that don't know what a gazelle is it's a unicorn you put on your t-shirt oh my gosh that's fun so uh q and katie are with us hey guys welcome i'm so proud of you thank you thank you guys for having us except for that unicorn part but yeah it's a story that's the story oh okay good i'm glad i'm glad you just don't know what it is i feel much better about you already how much debt did you pay off 116 000 what look at that how long did this take 27 months whoa and your range of income during that time started at 90 000 and we're at 160 now wow oh there you go what do you guys do for a living so i work for a wire fraud prevention tech startup cool yeah and i'm a outside claims adjuster okay good good so uh 27 months your life has radically shifted your income doubled and you paid off a hundred and sixteen thousand dollars this has been a wild two and a half years for you yeah yeah so tell us the story what in the world happened and tell me what happened with the unicorn um do you wanna do the unicorn okay so um we have a gazelle group and uh we all have iphones so we're texting emojis and there's no gazelle emoji so we just like hey we gotta pick an emoji and we're like unicorn pick the unicorn so every time we paid off debt we would text in a group unicorn [Music] oh man yeah what do those people know you would think there's everything else everything else in it right we need a gazelle emoji yeah yeah yeah yeah i wonder if we can sell one and add it somehow i don't know how to do that brilliant so your your tech startup guys could tell me right yeah we'll work on that okay so this is the uh best we can do for an emoji because it's lame exactly exactly we liked it we liked it yeah well you are unicorns because you're very unique yeah well thank you very hard to find they're rare and paying off 116 and 27 months is very rare what kind of debt was this so we had a little bit of everything student loans personal loans credit card medical debt cars yeah everything yeah because in ao we were normal hey man you're not normally anymore you're unicorn you're officially weird now that's right rare right i like it so what got you uh so inspired and on this for 27 months yeah so uh we we were go we were going into the negative we were overdrafting on our account probably for like three months in a row and i was just like feeling really stressed out about it um i was i started to really look for a plan and i found you and i was like oh this is a really good idea it's steps like i love a good action plan that i can follow like just give me the steps i'll follow and i like to follow rules and uh i you know i said i think we should do this he was like i don't know i don't know what that's about and i actually happened to work for churchill mortgage at the time and you uh spoke at the 25th anniversary party and he was there with me and he was like who is this guy on stage i was like that's dave that's the guy i've been telling you about like that's the thing we gotta do we gotta follow him he's like still not impressed uh and then wow dave i actually i actually took a photo of you dave and i was like somebody said this guy's famous or something i don't know and he's not that's okay so then he ended up going on a road trip uh relatively soon after that and kind of magically lost service right so none of the other like apps were working for music or anything but hit the the dave downloaded podcast was available for him and uh listened to four hours of dave on a road trip by himself and then came back and thought he had this really good idea for how we were going to get us [Applause] came home from a road trip a genius yes exactly i'm curious how was that conversation when you came home though i came home and i was like hey babe this is awesome uh dave ramsey he made total sense everything he said we got to do this now yeah she was just like that's what i've been trying to tell you what do i look like what i look like i was telling you the same thing right that's so fun you guys are fun said it yeah i could tell you weren't too stressed out about it you joked around had a good time i said all right game on yes how old are you two i gotta ask i'm 29 and this is my just she's a beautiful young woman okay then i hear you that's a smart man i'm not gonna say her age because she did look up at you like some kind of anniversary of her 29th birthday coming up yeah you know maybe just a little older than him hey it's all good so i gotta ask millennial couple yeah uh dave says some of us suck some of us are good right um so you all already on the good side hopefully yeah you know so i gotta ask throughout these two and a half years uh what was the hardest part being a young couple you know having to be this this diligent being unicorns being gazelle intense what was hard throughout this process yeah that was uh and i told her there's two things it's a communication learning how to communicate because we before this plan we realized we didn't communicate that well um and then hope uh one thing that dave ramsey you're playing does is give hope um i when she first brought the plan i was like you go through life you have a car payment you have a house payment you have dad you have student loan debt we had no hope um then we went through financial peace and it brought hope back and then it strengthened our communication very cool so you went through financial business university then yes okay wow once the road trip is over we go okay we're going to go do the full class going very good right so how do you double your income yeah um i mean it definitely we we brought in and started side gigs and side jobs but we also just like worked and hustled really hard at our like primary jobs as well got promotions um moved and yeah we used to live in antioch and so i was a pizza delivery guy and she worked at o'charlie's and we grinded then we moved to michigan started a website side side hustle follow christmas did everything yeah oh wow yeah good promoted too yeah good for you guys well i mean that's that's amazing and really the 116 in 27 months is very impressive but when we see you know the way you did that was a clear plan plan hope communication yeah and game on yeah i mean with the income you doubled your dad gum income yeah i mean you throw an extra seventy thousand dollars worth of wood on the fire it'll burn that's true it helps and funny is uh i called you dave when i didn't really know who you were and you basically just yelled at me and so that's what kind of got me fired now you know who i am exactly now he loves you yes yes what did i tell you that's funny you said uh because i asked though we had two least scars and you said uh sell them uh we weren't married yet and you said why are you shacking up without being married and so we turned it on we turned it on we said game one well listen next time just call in to the anthony o'neill show that's right and uh you'll be all right i listen to you all the time all the time it means a lot to me it means a lot yeah me too what would you say um what would you say is the secret for millennials to getting out of debt or all people yeah yeah i think it would apply to everyone i mean i think um you know saying no a lot to write two things or we really in in the moment it felt really hard and it felt like you know we had to turn down a lot of things and say no to a lot of things and had other jobs but and dave says it all the time it's a really short period like now we get to do whatever we want to do so like if you can really really hustle and be just really disciplined for that short amount of time um it feels really good when you're done yeah you know it creates so much momentum in your life that that um because you guys did basically 10 years worth of work in 27 months yeah i mean you just you compress those time frames and then there's an explosion out of that you create momentum from yeah you got the big mo on your side you know exactly and it's just very cool i was talking i did a talk for churchill this morning oddly enough yeah they told you and um yeah and i was talking to them about momentum and about the momentum theorem and uh that you know the way you create momentum is compress those time frames that's just very powerful i heard that when i was a little kid i was 22 years old at a sales conference and i stuck with me you know so there's something powerful about doing a whole bunch of work in a short period of time it creates an explosion versus doing a little bit of work over an extremely long period of time which creates no energy at all yeah you know and so uh you just drag butt stuff out i work six hours a week you know no no no no no go crazy and that you guys got crazy i'm so proud of y'all we got a copy of uh the legacy journey for you and total money makeover for you to pay it forward and for your next uh steps 116 000 paid off in 27 months making 90 to 160. count it down let's hear a debt free scream all right three two one [Applause] what a cool couple they're fun and then call your show if they want somebody nice [Music] so anthony o'neil ramsey personality is my co-host today michael is with us in austin texas hey michael how are you doing i'm doing good thank you very much uh david for taking my call sure how are you doing better than i deserve how can we help uh david i i want your advice i'm a 50 year old healthy man very happy and i feel very successful i run into your videos about a year ago and men i cannot stop following you and uh now that i want to anyways i have a salary of roughly 1 1500 what 115 000 a year and i have a 600 600 000 on my 401k and 100 thousand dollar cash in my savings account and i i uh refuse until i became a private pilot and i wanted to buy an airplane so i just wanted to ask you if you think that would be a good idea considering that the aircraft price is in the neighborhood of 250 so 300 000 and i'm planning on paying cash so there you go that's my question yeah well uh the truth is an airplane falls in the uh you know in the bucket of things with motors and wheels and you they go down in value just like a car does or a boat does or anything else and so um the the good news is if you purchase the purchase well in the 250 000 range you're not going to lose tons of value but it is going to go down in value they're not as they're not as steep as say a 250 000 yacht would be it goes down faster much faster but uh but it is a luxury item it's a fun thing especially when you've got your pilot's license that's super fun uh and uh you know i don't want half of your net worth tied up in it what am i missing is there a bunch of other investments somewhere no i recently run into your video where you advise to to invest in multiple funds so i i talk fifteen thousand dollars just to try out of my only thousand dollar cash that i have and i'm putting an investment on the mutual fund and maine you're right it's growing fast and i thought okay i think if i i divided this and and and put a open different portfolio so in the neighborhood of fifteen thousand to twenty thousand and and it grows fast in two years i have the two hundred thousand dollars that i need and then i still have it eight more years to work and continue saving my house is paid off did i misunderstand you did you didn't you tell me you make and fifteen thousand dollars per year he did that's correct sir so you're putting in fifteen thousand dollars per year is that what you're saying no i i put a fifteen thousand dollars in the mutual fund two a couple of weeks ago yeah [Music] following one of your videos but i have a one hundred thousand dollar cash from my savings i know you told me that but fifteen thousand is not going to turn into 250 in three years no i continue saving and then also i'm gonna wait a couple more weeks and then i'm gonna open another portfolio with another fifteen thousand and i'm gonna do two or three of those yeah i got you well i mean you you have the money uh you're obviously a grown guy you can do whatever you like i would not recommend as your financial advisor that you have half of your net worth or 40 of your net worth tied up in things with motors and wheels that go down in value and that includes really nice small airplanes so um uh you know it's a toy it's a toy it's a very expensive toy and you you don't want half half of i mean let's say a guy had fifty thousand dollars saved to his name and he wanted to buy a twenty thousand dollar uh uh boat no you wouldn't do that it wouldn't make sense because you have too much of your entire net worth tied up in something that goes down in value and it's the same ratio i mean you've got seven hundred thousand dollars to your name and you're talking about putting 250 in so it's you know it's approaching 40 percent of your net worth and i just i don't am i missing something no no you're not and dave i was going to ask isn't it the maintenance on the plane i don't own one so i'm just thinking like the maintenance the gas the to keep it stored i mean just yeah isn't that isn't that doesn't that also add on to well if there is an extra cost and everything airplanes are like boats if they they sell you a screw that ace hardware would cost 50 cents but because it says marine or aircraft on it it's six dollars you know everything's marked up like eight-fold if you buy it for a boat or buy for a an airplane they just go bananas on it and so it's everything is uber expensive to fix and to work on uh on in those situations so yeah you're right there's the added ongoing fuel other things uh and so forth so i think you enjoy your hobby uh by renting aircraft is what i would do and that's what you're doing now to get your license to get your hours in and to continue your your process now if you if you continue to invest in in a few years you have a 2 million dollars and you want to put 10 percent of it into toys at 200 000 then that would make more sense that's that's okay but i i can't recommend you put 40 percent of your net worth into toys i i just can't not that's not in good conscience i'm with you i lie i hear your heart i hear how you really want to do it and i want you to do it but i don't want you to do it and it be a mistake i want to do it with you [Laughter] well i'm not sure i'll do that kind of careful about who i get an airplane with but yeah i think michael's a good guy but i don't know him that well yeah all right casey's in little rock hey casey welcome to the ramsey show casey how are you great how are you i'm fantastic how can we help you okay yeah i just spoke to you a minute ago um you just spoke to me a minute ago okay well we'll we'll work on that all right uh julia is with us in colorado springs hey julia what's up hi can you hear me yes hi i just wanted to make sure i just wanted to ask you for overall financial advice i am currently just beginning dental hygiene school that's going to be about a year i pay about 1100 a month for that as well as taking out some unsubsidized and subsidized student loans my husband hasn't been working for about two years why he's struggling with his mental he's struggling with his mental health [Music] and so he he doesn't even know if he sees working in his future um so i am currently working while going to school i'm not sure if i should keep working while i go to school stop working all of that stuff wow you're carrying a heavy load girl huge thug yes so what is the nature of his mental health issues um he just struggles with some depression and anxiety is he seeing someone for help he sees somebody like maybe once every other month not good enough not really no okay no it's not not that i not that i feel correct no listen here's the situation okay mental health is like other health you work on it to get better your rehab to get better a friend of mine busted his shoulder i saw him this morning he's doing the pt and he said it hurts like crazy but if you don't do the pt you don't get better and he's going to lose the he's going to lose the action in the shoulder due to the surgery he has so he's got to do the pt the the depression is it's not magical but you know there it is very seldom fixes itself correct he has a um obviously both of us and um are my in-laws have a huge um christian faith background and so a lot of his reasoning for not wanting to see somebody is that he you know he's continually speaking to god well he needs to find it he needs to find a counselor that that is a christian based there's plenty of them out there plenty of mental health professionals that don't think that faith is incongruent with mental health so yeah you're going to be working but i i need to see a future for you all where he's working again because he gets better because him sitting at home on the couch and being depressed for 25 years is not a plan i don't want that for him and i don't want that for you and i don't want these student loans for you but i don't know what else to tell you about this second so lots and lots and lots of hours on your part because you're carrying the whole thing by yourself girl i'm sorry what a mess you got he needs to get some help regularly this is the ramsey show [Music] hey it's kelly associate producer and phone screener for the ramsay show if you would like to do your debt free scream live on the show make sure you visit theramsieshow.com and register we would love for you to come to nashville and tell dave your story [Music] this this is the ramsay show [Music] you can be intentional about your character you can have money and a career you are the hero in your story [Music] live from the headquarters of ramsey solutions broadcasting from the dollar car rental studios it's the ramsey show where debt is dumb cash is king and the paid off home mortgage has taken the place of the bmw as the status symbol of choice i'm dave ramsey your host you jump in we'll talk about your life and your money anthony o'neil ramsey personality host of the table and author of the number one best-selling book debt-free degree is my co-host today open phones here triple eight eight two five five two two five in little rock arkansas how are you jessica i'm good how are you guys better than we deserve what's up good well um let me tell you i know how ignorant i am in all of this so go easy on me here and i called on the perfect date with anthony being there um so i am the person in my family to have gone to college went got a full ride for undergrad and then for vet school i said yeah let's take out all the student loans so fast forward seven years later i now have 394 000 in student loans so um loan forgiveness the whole 20 years you know you hear that myth um decided i'm not gonna do that we're gonna bust down and try to get these i think i can get them in three to four years what do you do i'm a veterinarian good yes sir yep just started an emergency so um bottom line just signed on with them my base or my guaranteed is going to be 90 000. based on commission i think i can take home gross about 163 000 a year good um yeah i can pick up extra shifts so i'm really like i said three years we're really hoping to go for this so i've got um two loans one is 142 000. and that is a 7.9 percent interest rate the other one is 252 000 roughly and it's 6.8 yeah so i have 41 000 in savings no other debt just my student loans so my question is do i hit those interest rates pretty hard with that savings or on my minimum do i if i go snowball do i pay minimum on that 251 how do i tackle these things yeah yeah now before we go there now are you married i may have missed this i am not no sorry okay so you're single right now i'm making 163 000 okay cool great um yeah so you're gonna hit that snowball now i i do want you to look into refund because those interest rates are high and splash financial can i i do know for a fact that they can beat that rate okay so now here's the thing your refined to lower your interest rate not to lower your payments not the throat not to come any lower okay we're trying to save you money on the loan on the long run all right but i want you to go ahead and line up your debt snowball with those two loans and then make the minimum payments on both but then all your extra money for these next three years you're putting it on the on the slowest one on the smallest one yeah so the throw the 41 at the one uh at the 140 right and uh look at refinancing both of them with splash if you can because if you can drop it one percent that saves you four grand a year yeah okay they're they're at about four and a half right now dave okay so well i mean if i don't know if both these loans are going to qualify how they're structured but if if you can qualify and get those rolled in i mean two percent would be eight grand a year that's very helpful here it doesn't change the whole equation but it changes it by two months or something so the what changed the whole equation was your wake-up call uh where you had that oh crap moment and you said i'm going to get in attack mode and you went to warrior mode you pushed warrior button on it very good good for you and um yeah and you know the good news about veterinarian medicine is is that you can make that kind of money yeah and so you can clean this up very quickly if you will if you're willing to work as hard as you're willing to work and as much as you're willing to work getting all that ot and jacking that jacking up there so yeah you you've got the solution you know you need 400 000 and you can make that in you know your great income in three years and knock it out yeah uh plus or minus interest rates plus or minus what order of attack but i would get the interest rates down with splash like anthony suggested and i would attack the smallest one first and use the 40 000 bucks to do that you know hold a grand back for your baby step one and then uh just lean in and all you're gonna see are animals for the next three years not people not people except for the animals the animals people that bring the animals in but other than that you're gonna be working absolutely so um not dating you're working [Laughter] well now you just got to meddling but yeah but you you can go on a date if you want to go on a date i don't care as long as you're working as long as she's not paying for it she's not paying for it that's right she's going to where she's working yeah so but that's great you're doing really good you've got a great attitude about it you've got a uh a sense of awareness uh and uh you faced the reality you looked at looked the monster in the eyes and said i'm gonna kill you we got this yeah yeah i'm proud of you and all jokes aside dave i hear discipline in her voice yeah she's she's like okay tomorrow getting a dvm is almost in many cases it's harder than becoming an md wow well think about it you have to study several species yes and md only has to study one yes so i mean it's serious it's real serious degree yeah and um dumb people don't get them uh so it's uh uh yeah it's powerful i'm proud of you good job jessica all right open phones at triple eight eight two five five two two five so what i can't figure out is how you get the reputation that if you're here that there's niceness on the show well i mean dave i think i i think what people are saying anthony's not nice he just got a little more swag than dave and so the swag comes off cool cool's come off nice you know your uncle dave i'm nephew anthony that's what it is that's what it is you're uncle dave i'm not sure what he just said i think i just got insulted but i'm not sure no not at all not at all not at all you know it's called the ramsay show now so you know we have you're the vet you're the season i'm the i'm the rookie i'm i'm i'm coming in just helping people understand yeah yeah you know feeling the nice shoes hey somebody's got to be nice i don't hang up on people on my show you don't have people on your show there's that yo that was a good clap that's a good one there's some detail that we need to cover johnny is in boston hey johnny i'm gonna bring you up after the break johnny we've already blathered down into the break here oh my gosh well let's get this done folks if you've considered how your spending habits influence your kids uh we've just dropped prices up to 80 on our best-selling kids products the adventure pack is a family favorite that includes the new story time collection the financial peace junior and the smart saver bank all about teaching the littles how to handle money uh that way when they grow up they don't live in your basement if you got a teen we've got anthony's teen entrepreneurial toolbox it's the perfect safe and flexible way for them to create their own summer job they'll turn hobbies into a real business and learn hard work leadership responsibility teach them the right way to handle money while they're young save up to 80 shop the kids and teens sale at the online store at ramseysolutions.com right now off 80 percent so uh teach the littles man it's a big deal that's what one ingredient in changing your family tree you change the math but if you leave it to people who don't have any sense then it goes all down the toilet so you got to teach them so they got sense that's how this works this is the ramsey show [Music] [Applause] hey folks i got a great option to help you pay for your education the army national guard the army national guard believes you are the next greatest generation because you have proven that even in adversity that you have what it takes to succeed that's why they offer benefits like tuition assistance career training and a paycheck to help you avoid debt no matter what your goals are the army national guard can help you get there visit nationalguard.com to find out more [Music] at the o'neill ramsey personality is my co-host today johnny is in boston hey johnny welcome to the ramsey show dave anthony how you guys doing great man what's up uh real quick i just want to say anthony i definitely agree you got more slack [Music] hey hey john i like you brother yes sir yes sir thank you man that feels good this is the ramsey show but we just called it the anthony o'neal ramsay show thank you man how can i help you johnny yeah cause he's gonna have to yeah so i'm 24. i graduated college three years ago and instead of getting a job i've been building my own video production company and i recently just got a new job and i want to continue to grow my company on the side and i'm just wondering how i should best invest my new income after i you know allocate my 15 towards retirement um i also i want to just basically have money to invest into you know marketing ads and new equipment but i also want to save her a home which is very expensive in massachusetts yeah it is it definitely is why i get your advice so what's your total income right now what do you make in a year um my production company makes about 25 30 and my new job pays 70. okay so just about 100. okay so your production company that's just your income what are you paying yourself are you taking all 25 of that uh i usually put 50 away off my income for my company okay and yeah i was using that to pay off my student loans and i'm a couple months away from doing that okay how much debt are you in right now uh about 3 000. okay cool how much money do you have in your savings um i mean i've been putting all of it towards my student loan so i got about yeah 1500. okay so here's the thing uh and i definitely want dave to talk to you um so you got to make up with him after that comment uh because he he built an empire over here so he can tell you how to kill him he's sensitive you know but i'm definitely i i feel as if for you man the number one investment you can do is go ahead and knock out this three thousand dollars especially at your age and get that fully funded emergency fund up uh to at least three months for yourself but i i i can't talk into the business because i haven't built a business before but i really would love to see you focusing on now trying to invest more and start saving for a home but i do want you to build a business and dave can really talk into that part what i would do is just take a percentage of your production income and say i'm going to allocate that to whatever i make i'm going to put x percent towards um number one you got to pay taxes on it yeah and so and as a christian i tithe and so with taxes and tithe that's 50 percent's gone 40 for taxes 10 for tithe so 50 is gone then what do i do with the other 50 on your business income uh you know i would well let me back up a minute you don't have taxes and tithe until you have net profit and so your top line was 25 000 right you before you paid expenses uh 30 was the highest okay all right so 30 000 you pay all your expenses take a percentage of the 30 and say i'm gonna set that aside for growth of the business marketing equipment inventory whatever and it could be 10 it could be 25 it does not need to be 50 or more okay okay then the rest of it you bring home and you you set taxes aside out of that uh and you put that into your budget to uh say 15 of that's going into retirement along with 15 of the day job and um and you and then above that we're doing our baby step 3b so then you just say and all the rest of it goes towards the house so that's going to give you plenty of money to really start saving towards the house out of your day job and out of the business as well but still set aside a percentage if you just develop yourself a little formula like that and then it's automatic and you say okay it you know this month i had four thousand dollars come in you know 20 uh goes back into the business okay then boom 800 bucks goes over here to set aside to grow the business the other 3200 is coming down through the funnel and gonna drop into the uh the the at-home formula where we're doing 15 of the income and the rest towards uh house savings uh so that puts you you know in that position so that's very good you should be debt-free within the next two months oh he's deaf free now i may be deafening 20 seconds here yeah yeah that's that's behind him but get like you said get that emergency fund bill get your baby step four going baby step three be going all of that happens at home after you set aside some percentage of your top line for growth and uh restocking and so forth robert uh is in st louis hey robert welcome to the ramsay show hey guys um my wife and i have been married about seven months so we're pretty newlyweds um and she has about 105 000 student loans um we may combine about 120 000 a year um my my question is um the the mark the housing market right here is red hot so i'm thinking if we sold our house i could conservatively make about 130 grand on it and basically cover all of her loans wow um my parents live close by and they've offered to let us move in and kind of rent to own um well they you know they bought a condo down in florida so they they'd be back and forth you know um to the house and whatnot but they've offered us to you know live in it just pay rent them rent and then we could make whatever updates we wanted to the house and you know eventually when they pass away it'd be ours so no that part i'm not doing um no thank you uh that that's too that's too weird to plan for for her uh right uh but i i i would i sell the house uh what and just go rent something and be debt free man i'd be really tempted yeah i wouldn't do the whole parent thing though yeah that's scary okay yeah i wouldn't even i don't think that's good for your marriage especially in the first year yeah you all need freedom and peace that's papa dave advice that's not financial advice but um yeah i just i i wouldn't i no i i i i think that's got too many weird strings and twisted up uh uh spiderwebs tied to the deal and it's it's strung out and it's you know sort of your house but they sort of might come home and live there some and it's back and forth so no i just go rent you a place yeah if you want to sell the house and be debt-free that's not a bad idea something in the world if you don't you can be debt-free fairly quick making 120 anyway if you just lean into it but if you guys just say well the house isn't our favorite we'll go rent for two years and we'll be debt-free and we'll save up and let this housing market calm down and buy again um that would be okay but uh you don't have to but if you just you know but i wouldn't do the parent part of it are you hearing i mean no dave i was i was like no no i'm not doing it i mean because mom and dad can come home whenever they want and we're just now newly married we're still getting to know each other i don't want to get to know her and her get to know my parents at the same time like we need we need freedom we need peace um we we need our own privacy you know and so i would just go whatever you going to pay them for rent go rent an apartment yeah and just start stacking up your bread and then once you get your money back up go go get the house that you all want eventually but i i would not sign an agreement with mom dad mother-in-law father-in-law right now i just wouldn't do it yeah i i agree that's that's the only part of it sounds weird but i i i'm on the fence as to whether i'd sell or not i i'm selling a house to get out of debt is the last thing i do right i try everything else unless you just don't like the house yeah isn't that a question like if if if you had no debt would you still want to sell the house yeah if we were thinking about selling anyway yeah well of course you the problem is if you sell in this high market you got to buy in this high market so you've got both sides of this uh i mean you get you just walk out on the plank doing that but that that's uh um yeah i don't know i i i'm 50 50 on it's not a bad idea but i think i think the answer to the question is should you sell the house is really do you just don't care about the house anyway are you only doing this for debt and i love the house and i hate to part with it then i'd probably sit there and fight through the debt or i hate the house and this is an excuse to get rid of it and i get out of debt ding ding we're out of there there you go go rent for a little bit that's probably the way you answer the question and then just avoid the whole parent trap thing this is the ramsay show [Music] [Music] [Applause] [Music] in the lobby of ramsey solutions on the debt free stage jason and alexis are with us hey guys how are you way better than we deserve i love it welcome where do you guys live sioux falls south dakota awesome welcome to nashville a bit of a hall to nashville from there you drive or fly drive that's a long way how many hours well it's 14 if we didn't stop okay but we did stop okay i hope so wow good for you guys so how much debt have you paid off what was it 300 and 45 000. 345k how long did that take seven years and four months seven years and four months and your range of income during that time 50 000 to 145 000 last year wow that tells me you paid off your house we did look at weird people how old are you two with a paid for house i'm 27 29 millennials but he was 28 a week before we we paid off the house so wow not even 30 years old and you got to pay for it what's this house worth that's a beautiful home um current one probably close to 400 but we're building the next one and so forth and got the cash yeah yeah just like that yeah yeah because that's what you do that's that's how we roll that's yeah exactly no wait wait wait that's not how we roll they are millennials sir that's how we roll whoa whoa i was saying it in their voice turkey my gosh all right fun guys way to go this is so cool so tell me what happened seven years ago before anthony worked here well actually uh quite a while ago in 2000 it was 2006. um is that what we had yeah so in like 2006 my parents took fpu and i went through it with them when i was 13 years old so that's really where it began began man see i was rooting for y'all you know that's awesomeness so yeah but um then you get married and you go uh jason there's this thing like we're gonna pay off everything yes yeah when we were engaged uh i made him go through it with me and it was kind of a requirement to get married wow i mean that's that's indoctrination right there i like it very cool all right so um yeah i took it when i was 13 with my parents and then uh jason has always been he's always been a frugal saver so i mean it wasn't terribly hard to get him on board or anything and he had heard of you before so that was helpful and then also um yeah we actually we had lily uh when uh i was in high school so despite having a teenage pregnancy we still are here today uh where we're at with our money um and we rented a town home for our first year of marriage just like you recommend and um while we were living there um we had an idea of how we could get to this day sooner wow and that's where the fun begins okay so we bought our first house in 2013 14 14. and it was a foreclosure fixed it flipped it sold it and then that's when we started buying land and building our houses we live in and build them do it all sell it keep moving and we're building house number four right now but this is the first time you've done it all cash yeah basically yeah okay wow they they know how they build their own houses so we don't have to pay for labor so we just have to pay for materials oh wow so very cool because me and my brother in business together we own our own construction i'm electrical contractor my brother's a general contractor so we own our own business together and do everything and yeah that's fun wow very cool good for you guys that's a great idea and so this is how you end up with a house this nice that's paid for and building another one yep yeah yeah and we paid paid cash for my college and he paid cash for his tech school and a few vehicles along the way and we had another baby along the way so we had other things that uh financially came up as well so that's so cool so what are you gonna do with this house you're going to sell this one they're going to keep it we'll live in it for two years and sell it okay yeah get to the next one get the capital gains get the free capital gains that way yeah exactly very cool what would you say was the hardest thing on this journey of paying off because would you say you made what around 70 on average over the last 70 years or was it 50 and then it just went to 145 last year well see that part of that is like what was it five years ago i bought into my brother's business once i passed my contractor's test so before that you were going to school full-time i was working full-time as electricians i was part-time yep so we're making mostly 50 through most of that or a little less or where around there and then i guess that 140 is like our gross before taxes but yeah what we actually take home is a lot less than that because our business is growing and we're building a built a shop we buy trucks and equipment and trailers and all that fun stuff so we actually live on i think we basically 62 000 what we actually have to budget with we don't have 145 to work with budget a year yeah wow way to go guys and you actually know your numbers and everything oh that's so impressive very well done very well done and so you brought baby with you yep part of the debt-free scream let's get him in the shot what's his name come here lincoln his name is lincoln and this is lily lincoln and lily and lincoln is how old three three all right very cool well way to go you guys i love looking at weird people what a great plan way to execute and we're honored to have you here got their debt-free t-shirts on everything all right 345 000 that's house and everything and they're not even 30 all done in seven years making 50 to 145. jason alexis lillian lincoln count it down let's hear a debt free scream all the glory be to god three two one where's that friend [Applause] that is amazing that's how it's done yes well done well done well done that is amazing very cool i mean that dave that's the third person uh today and there i just want to say in their 20s who have paid off debt yep and uh paid off a bunch of debt yes all of them debt-free and all not even 30. wow so uh if you're just wondering america if there's hope in the future there is hope in the future yes uh we've got wonderful uh folks in that age group on our team here that are absolutely bright hard-working diligent caring uh love god love america doing their thing and we get them on this debt free stage every day living the dream uh they're not entitled brats they're not jerks they're doing they're doing it so just just know that they're out there there's a lot of good ones out there yeah yeah how does your generation feel dave when y'all see that you know hopeful hopeful of it we're gonna make it yeah you know but if it's all participation trophy whining trolling from your mother's basement i mean that that doesn't give you much hope right because that's basically a group of parasites you know and so and but but that's just a that's a proverbial dad joke in a sense you know so you you just have to use some sense every generation has had some rock stars i do really think that the millennial millennial generation um has uh uh there's something uniquely good about it uh yeah there's there's some things that are uniquely bad yeah absolutely over here they've got the you know the knock on them uh is is born in truth with some of them but but the one we get to meet so many like that that are they're mature beyond their years i don't remember a generation that at 22 23 24 years old standing in front of me acting like they're 35 right right and uh any of them yeah i mean and so uh you know the the the ones that are game on are really uh wise beyond their years there's a wisdom that's really i there's a lot of things you said i was gonna say mature right but they aren't but that's not it is maturity but it's a wisdom and i think the key thing here too dave is what i love is their parents turned them down to you early 13 years old she went through it and so her mom and daddy are probably extras that's that's a secret yeah that's the secret america drugs a 13 year old to financial peace university while they were going through the class this is how you change your family tree then your daughter's standing up here with a paid for house at 28. wow financial peace babies this is the ramsey show [Music] [Music] so [Music] [Music] our scripture today psalm 118 24 this is the day that the lord hath made let us rejoice and be glad in it will rogers said don't let yesterday take up too much of today that's the truth wow good stuff anthony o'neil ramsey personality is my co-host today kyle is with us in hattiesburg hey kyle welcome to the ramsey show how you doing miss ramsay how are you mr o'neal better than he deserves what's up um i said some questions about my future right now currently i'm a graduate assistant at university of sullivan mississippi i work in communications uh i am very lucky right now i got a good position they're actually paying for my mba yeah i have about a year and a half left on this all right trying to figure out financially what i should be doing because uh that way i'm kind of struggling right now uh the skyping we get is roughly about 800 a month um with budgeting i only get about 100 of that and with rent car insurance phone bills and other stuff like that um student loans i have about fifty thousand dollars and then personal and credit card combines to be about fifty three hundred um i'm just trying to figure out what i should be doing since i'm making such a low amount of money uh each month working you should work yep so my the position i have right now um i'm working about 12 hour days when you combine class and the office work with that um so i'm just trying to figure out if that's something that you have a graduate assistant position that is 12 hour days and the stipend is eight hundred dollars roughly yeah um you know each day and very go down to anywhere from about seven hours you know this is with classes um but i'm the lead uh person in charge for a couple of these sport programs for their communications um so i'm just trying to did you take some of this on as a volunteer position or it was required as part of the graduate assistance program uh uh it's required sir i don't like it dun song i mean i love a ga position to go and get your degree for free and get a stipend but usually it leaves you room to either have enough of a stipend to exist or uh it leaves you room to get some other side work to be able to be able to live they're not furnishing housing right no we're uh i'm moving with another ga that i work with right now um on eight hundred dollars a month yeah where are we each is eight hundred and you can you do anything on the weekends or are you working on the weekends too um so that just depends also over the summer um i'm a little i'm free so i'm definitely getting a job over the summer but then once it gets back into the academic and athletic years athletic seasons um it it really is up to whatever the um the schedules of the sports are um so on the weekends i'll be working or i'll be traveling with these sports so that is just something that i have to try and figure out so kyle let me ask you this let me ask you this question why because right now you can't live okay so let's just how are you doing it yeah like you can't live oh it's a great question you've been running up credit cards trying to figure out what i'm doing so how are you paying your rent um you know with a hundred the rents 480 the car is uh car insurance is about sixty dollars a month um phone is about forty uh i have to pay for the hot spot so kyle let me ask you this where where do they feed you no i ain't doing nothing uh when we travel with the team yes you don't have enough this there's something wrong with your numbers because you're not making enough to even buy food with what you just outlined no yep that's i have about 120 a month so have you been taking out student loans through this yes oh that's where you're eating okay so you're taking out student loans to exist you're taking out student loans to exist yeah with the 5300 with that personal and credit card yeah that's what i've taken out so far i don't like it okay so here's the deal a mass mba at i don't know what georgia southern charges are mississippi southerners charges but uh it shouldn't be that much it should be 15 20 000 bucks and uh they're getting more out of you than that yeah yes so this is not working for you uh you'd be better off to get a job and finish your mba and pay for it that's what i've been trying to figure out is if that's something i should be looking into doing um just because uh the bachelor's degree that i got you know if i could go back in time which obviously can't that's something that i would probably change degree wise yeah but dude you can deliver pizzas and make 30 000 a year yeah and that's a considerable raise over where you are mba cost plus 800 bucks is 10 000 so you know the the total cost of an mba through the whole program shouldn't be 20 grand and you don't have that much left how much have you got left um but time wise about a year and a half you must be crawling through it it shouldn't be but a year and a half program did you just start so the most of the athletic ga programs are two-year program so yes i just did start it's about a couple months um so is this an athletic mba um so so uh i'm working through the athletic department in at the university of southern mississippi and they're paying for the mba oh i see okay and the nba is that southern mississippi yes sir okay so what does it cost to just enroll for an nba in southern mississippi do you know like you said anywhere from about 15 to 20 000. yeah and that's over two yes sir so you're getting ten thousand dollars a year and ten thousand dollars for your worth of tuition free and you're working 12 hours a day and you are going into debt in order to survive because your total package is only worth 20 grand a year 10 of stipend and 10 of tuition and or less uh and so you're better off to go deliver pizzas and pay for your own mba you'd have a better life and you'd have more money am i missing the math no sir you you took everything out of my mouth i wanted to quit today yeah that's what i really you sound tired you hear it in his voice dave sound exhausted just thinking about it well you're working 12 hours a day and you don't make enough to pay to eat right so you're having to go into debt just to just to buy food and you can hear that he doesn't like the fact that he's taking out debt well i don't and and it defeats the purpose they're paying for his school but he's still going to take out money just to just to eat yeah it's not worth it i'm quitting i'm gonna go uh use my degree in some kind of way maybe do some tutoring uh drive for uber you got car got a car insurance you can do that on the weekend anything anything you can make you can make more money than you're making doing anything absolutely and and still have the money to finish the nba uh in there he can make a thousand dollars a weekend dave just from driving for uber yeah yeah we're hearing people do all kinds of stuff again pizzas uber whatever dog walking i don't care start a grass cutting business i don't care you can make 15 20 000 a year or you make 20 to 30 000 so you're doing those kinds of things all the time and work less and have more of a life and live exactly the place you're living pay exactly what you're paying and still get everything cleaned up and still get through your mba that's what i'm talking about doing uh so you need to renegotiate with them and say you're gonna cut my hours in half so that i can work a side job or i'm going to have to leave this program those are those are their two options they're about to lose their guy and you know what they might they might because somebody would be stupid enough to do that well they might they might let him go but um they might let him run away but they might need him and they might go oh yeah we are trying to kill this guy 12 hours a day 800 bucks yeah that doesn't work so somewhere in there you got to work it through hey man thank you for the call and um i i think you need to set yourself free i hear a lot of tension in your voice that puts us out of the ramsey show in the books we'll be back with you before you know it in the meantime remember there's ultimately only one way to financial peace and that's to walk daily with the prince of peace christ jesus [Music] this is james childs a producer of the ramsay show you can listen to all our shows with the ramsay network app on your smartphone browse by topic or even sync clips to your friends download the ramsay network app in your favorite app store today [Music] you

Channel: The Ramsey Show - Full Episodes

Views: 50,222

Rating: 4.8340025 out of 5

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Id: RzUjiEHpYPI

Length: 121min 50sec (7310 seconds)

Published: Tue Jun 08 2021