Plastic Does NOT Make You Wealthy, A Plan Does!

is the ramsay show [Music] you can be intentional about your character you can have money and a career you are the hero in your story live from the headquarters of ramsey solutions broadcasting from the dollar car rental studios it's the ramsey show where debt is dumb cash is king and the paid off home mortgage has taken the place of the bmw as the status symbol of choice i'm dave ramsey your host christy wright ramsey personality number one best-selling author of the book business boutique is my co-host today as we take your questions at triple eight eight two 825-5225 the call is free and some say the advice is worth exactly what you pay for it triple eight eight two five five two two five christy is also in olympia washington and is our first caller of the hour hi christy how are you i'm good how are you dave better than i deserve what's up okay um i'm a little nervous um so bear with me um i've been dying i've been i've been dying to have a reason to call you and i finally do um we have a house in california that we're currently renting out my husband's in the military we bought the house before he joined um so we are renting it out currently we're not making any money on it um we consider just raising the rent just to make ends meet but my question is um we're due to we're on track to move again in six months to new mexico ultimately we would love to be back in california back into our hometown should we sell it yes i know and i knew that was going to be your answer but i didn't know what you thought with the current market what you thought it would be and um let's try reverse engineering it okay you're in the military and you're moving from city to city and you're not going to be in california for at least five more years correct and you don't own a house there let's pretend you don't own a house there and you woke up one more and thought you know what i'm going to go over in this little town in california and buy a rental house that i don't make any money on you would never do that right and yet you have yeah sure so let's undo it sell it and and okay so now we currently might be um profiting like a hundred thousand would we should we just put that into something and let it sit there so when we do come back to california we got a a big chunk of change to put down on a house or should we buy something in new mexico that makes a great house fund do you have him diving debt though no no debt we have 30 000 in the savings wonderful okay yeah i would just take whatever profits you have of course pay your taxes on it and set it aside in a um future real estate mutual fund put in a mutual fund and just in your in your mind you could kind of mark that file that's my house fund for the future and you can keep adding to it by the way if you want to that wouldn't hurt anything and uh by the way there's not a law that says that you're necessarily going to end up back in california when you're done five years ago you never dreamed you'd be where you are right now that's true we do want to be back in our hometown with family that would be our goal and that's and that's why we have a smaller mortgage right now with that house i would just be afraid of coming back to california and and then getting into a bigger mortgage than before just because of the prices well the problem is you're going to lose money between now and then and you're going to wish you had just not had to fool with this whole thing you're better off not long-distance landlording you're better off not fooling with this it doesn't make sense and so um and we're not i mean i know it's your goal to be back there but no one knows i mean five years is a long time a lot of stuff happens in five years yeah things may change dave you use this example a lot so speak to the principle at play there because regardless of the circumstances christie's question was about the house but i hear you say that a lot okay let's reverse engineer it if this was not true whatever the circumstances are would you go do it would you go buy it would you create it the answer is always no right that the question answers no not necessarily i mean you know uh if i didn't own a ski boat i'd be buying one this week because i'm going to the lake this weekend right but i'm saying something that someone's trying to get out of i guess i mean the point is she do i keep it or do i sell it yes and you can ask that about anything an investment you can ask it about a ski boat you can ask it about um whatever but if you look at something and you say if i didn't already own that i wouldn't go buy it for the very reasons that you wouldn't go buy it you're not using it you don't like it it's about investment it's whatever it's the same reasons you wouldn't keep it that was what i was going to ask so whenever you ask the question if this weren't true would you go do it are there ever circumstances where that doesn't apply so you're saying it's like if the answer is yes i would go do this today anyway then then you'd keep then you know okay okay so for instance let's say um the the first place this always comes up is within a pure investment like let's say let's say you um bought stock in i'll just make up a company home depot okay about stock at home depot and let's say you bought it at 75 a share and it went down to 50 this year and you said gosh i'm gonna wait on it to come back up i go well would you buy stock at 50 a share yeah because i've got real reason to think it's going to come up right then you would sit and wait to come up and you say oh no i wouldn't buy the 50 a share i wish i hadn't bought it at 75 a share because i think it's going to go down then why then why are you falsely waiting on it to come back up to be your measure of when you sell it you need to say you don't analyze it based on the past you analyze it based on the future yep okay you're forward looking with your decisions and going okay if i wouldn't do that again now then i don't keep doing it just because of the past yeah and that's an investment is called a sunk cost analysis what you've put into it your cost is irrelevant as to whether you keep it virtually irrelevant i mean you may have some tax implications but it's virtually irrelevant the the investment analysis should be and for that matter the possession of a boat should be the future of that not my family's always had a boat i've always had a boat this boat's not been in the water for 10 years it sits in my garage collecting dust but but because of the past i'm going to continue to keep this thing in the garage yeah okay well that's dumb yeah but if you're going to use it this weekend and you've always used it in the summer then you would go get a boat or you would keep your boat in that case so you're looking forward with all of your decision-making analysis uh not the past the weight of the emotions the weight of the cost of the item not that and so you know if you would go and buy a small house in a small town in california because you're afraid real estate prices are going to go up and if you didn't own it now and you would go do that now i wouldn't suggest that but if you would do it then maybe you would keep it different and that's where we see it the most every time i host with you it's always around real estate i had a house i'm holding the house now i'm renting out the house and it's another state and the house is almost always inherited into that situation meaning no one's set out in those situations to be a landlord right right it's a landlord by default is where most of those questions come from yes i became a landlord by default i got married we moved into her house but we kept mile house as a rental that's landlord by default we're in the military we moved we bought a house everywhere we've been and every time we move off we turn it into a rental property that's not i decided that's going to be my rental investment strategy it's landlord by default yeah and it's not wise it almost never leads you to a good real estate purchase yeah or are keeping the right piece of real estate as an investment uh i i own one piece of property that i formerly lived in right now and it's a great rental and i would buy it again as a rental so i i passed the acid yeah but but you know there but but the house i currently live in would not be a great rental yeah it's too stinking ridiculous you know so not a good idea so it's gonna be sold yeah no that's the deal this is the ramsey show [Music] 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] [Music] [Applause] [Music] [Applause] [Music] christy wright ramsey personality is the co-host of the ramsey show today the christie wright show is where you can hear her on her podcast it's where faith meets personal development so you can have a bigger faith and a better life get the encouragement that you want and the tough love truth you need to connect with god take control and enjoy your life new episodes every tuesday on youtube and anywhere you listen to podcasts the christy wright show be sure and check it out phone number here is triple eight eight two five five two two five our question of the day comes from blinds.com they have a 100 satisfaction guarantee means even if you mismeasure or pick the wrong color they'll remake your blinds for free you get free samples free shipping and with the new promos they run every month you'll save even more use the promo code ramsay to get the best possible deal today's question comes from nema in maryland my husband and i have no debt we have a significant savings account considering our income and my husband is super responsible with the budget the problem is that i can't stand to budget i hate the accountability the time it takes and how confusing it is besides for just sucking it up and telling myself to be a big girl what can i do to shift my mindset and my actions this is interesting to me because i'm curious i feel like there's more there of why don't you like it because it really shouldn't be that confusing especially if you have no debt and you are using something simple like every dollar where it's actually fun to drag and drop your expenses and their categories and um you know i don't know i don't know if you don't if you don't know why something matters you don't want to do it but if you could see the payoff of how you actually control your money versus it controlling you then the means to the end becomes worth it i don't know what do you think dave what what else is she saying in that question um but i'm not sure there's obviously a lot of possibilities number one um yeah you need to know why you're doing it uh because otherwise just it's not confusing it's really not that hard and it doesn't take that much time once you start doing it so it really does come down to the accountability and uh you know so if you're self-admitting i'm a princess and i don't want to be told no even by my own self for my own good then you might as well eat a box of donuts at every meal and be 800 pounds i mean if you have no self-control whatsoever yeah and no accountability to for your own benefit yeah i mean you know it's just it's just misbehavior it's just immaturity at that point but i don't think that's really what it is here um i'm kind of thinking that that you know i'm a spender and i learned to love the budget because it gives me permission to spend that's what i'm saying i wonder if what she's saying without saying it is her and her husband don't see the budget the same so like for her she doesn't feel the freedom to put in the budget what she wants to spend money and feels that we have money to spend on i don't think she's got a voice in this yeah but she hasn't bothered to take it either she's copping out yeah yeah you know i just need to be a big girl there's a little whining going on yeah so uh you know yeah you do need to be a big girl and you need to speak up and say okay we've got plenty of room in this budget we make plenty of money we don't have any debt and we're going to put some joy in the paper here you set the budget you can make it look like whatever you want it to your money yeah it's your money but you're not in congress you can't just spend not infinite you just can't keep going and going and going and going going that doesn't work so yeah you do have to have some boundaries but they that but they're your boundaries you get to set them so a i think she's probably not speaking into it doesn't feel like she's got control b probably nerd husband's got the budget too tight yes to where there's no joy in this thing um and then see yeah you do have to be a big girl and suck it up yeah uh there's part of that in there too no whining allowed but it might be that you just need to take control of this it is a spending plan yeah it's how you're going to spend your money yeah so it's not saying you know dave ramsey doesn't want me to ever have fun again oh shut up the whole point of living like no one else is later you can live and give like no one else the whole point of paying a price to win is and oh by the way it's your choice dave ramsey's not coming to your house right and straighten you out right every night when you misbehave i mean this is a matter of are you going to be a grown up and are you going to control your destiny that's all it is it's not me telling you and and i don't think that you need to live on beans and rice the rest of your life and i don't hate poor people i have been both um and it's easier when you have a little money so i'm trying to teach you how to have a little money it's that simple uh so you know the whining lefties are just beyond belief but they're there and so she's not that her thing is she just isn't speaking into this and she doesn't feel power yeah and i feel like she's gaining power over her life and this thing is being used by her husband to control her yeah yeah and she points out we have no debt we have significant savings considering our income and my husband is super responsible for the budget there's all the backstory why can't you i can't stand to budget you need to answer the question why can't you stand a budget and she says i don't like it's confusing it takes time that's bull it's absolutely bull yeah she's not represented in the budget you're not represented you don't have any say you don't feel like you have any say maybe he's not being hardcore but you're just anticipating that he is right maybe that's the way you were raised i don't know what's going on here but but there's there's something about you need a voice in this you need to set it you've got some room you need to put some fun some joy on the paper enjoy your money some of it but then yes you need to have guard rails we all you never make enough money to not have guardrails yeah i mean i make a lot of money and i have guardrails yeah you know i have boundaries you have a plan there are different boundaries than when i was broke yeah but there's still boundaries there's still guard rails you know you got different different situations so all right open phones at triple eight eight two five five two two five thank you for joining us america we're glad you're here christy wright is our co-host if you've been paying attention the real estate market this year you've noticed that competition out there is really high it's a cray-cray real estate market in part because inventory has been hitting all-time lows it is truly a seller's world now when inventory is low it simply means there's more buyers buying than sellers selling which turns the pressure up the price is up the bidding wars start this is not amateur hour you don't want to be playing out there without a pro in your corner you're going to get hammered to win in this market you need a pro by your side if you're buying or selling a monkey can sell a house but not necessarily for the right price and lots of monkeys wouldn't got their real estate licenses this year a bunch of them they've sold two houses in their entire life and you're going to put your largest asset up for sale with them dumb idea now you need a pro in your corner and you can instantly connect with one of our endorsed local providers high octane high protein real estate agents dot com slash agent find a ramsey trusted agent near you ramsey solutions dot com slash agent open phones triple eight eight two five five two two five you jump in and we will talk linda is here in boise idaho hi linda how are you hi dave and christy thank you for taking my call sure um this call is probably more for christy my son uh played in the minor leagues for the cubs and he's also been a high school and a college pitching coach but that that's in the past and he would like to start his own pitching consultant business um he works full-time this would be on the side and i would be the manager so what do you do to get started i have i have so many follow-up questions linda is this something you want to do i know it's his idea i know he's good at it i know all that but let's talk about you for a second is this something you want to do yes i'm retired it'll give me something to focus on i i'm all in okay what does he uh what's his vision for this business he works full-time this is a side gig is it just for fun is it to make some extra cash does he want to grow it to be the full-time thing uh probably just for fun when he goes on the baseball field he sees young children you know third fourth fifth grade uh having poor fishing mechanics which could affect their future one linda hang on hang on through the break we're gonna answer your question when you get back so we can dig into this yeah we want to dig into a little bit more and give you a good solid answer we'll be right back with you this is the ramsey show [Music] what makes our show unique is that we genuinely care about our listeners we're intentional about choosing the best advertisers to recommend blinds.com is no exception they offer high quality window treatments at unbelievable prices and they make it simple to shop blinds shades and interior shutters with easy online ordering free shipping and a guaranteed perfect fit go to blinds.com and take advantage of this week's special savings [Music] [Applause] [Applause] [Music] welcome to ramsey show kristy wright ramsey personality is my co-host today open phone's a triple h five five two two five we're talking with linda in boise idaho her son is wanting to start a side gig doing pitching coaching he has been a professional ball player and he's asking his mom linda to run the coaching business i guess while he does the coaching and christy was in the process of helping her with that yeah so linda let's do a quick recap when we left and went to break i was asking you what's the vision for this business so is this going to stay aside business does you want to grow it to full time let's kind of pick up there i think probably for now it would be a side business um he just got his master's in social work so he'll be working professionally with children on that side so this i would just be keeping into the baseball okay well i'll tell you what jumps out to me first there's there's a lot you want to plan for especially because you would be running something that is your son is actually fulfilling the uh the business side of it of the coaching consulting pitching you know that type of thing here's what i would get really clear on linda really clear what is he doing and what are you doing let's get real clear on that what does he want you to do for the business is it the books is it the marketing is it the day-to-day admin work um who's wearing which hats so who's wearing the marketing hat who's wearing the accounting hat that type of thing obviously he would be doing the uh actual coaching but when you say running the business that includes a lot of things and i'm curious if there's aspects of that he wants to do or expects to do and then what he wants and expects you to do just just get on the same page i would actually write it out i would sit down and get really clear you know what does this look like to you let's define it let's let's write it out and then also what are um goals vision expectations you know how many hours does he want to dedicate to this um how much money does he want to make through this do those correlate um you know what what market does he want to serve and is that market there in your in your town and your city that type of thing so i would just get really really clear on what he's doing what you're doing and then i would baby step into it he sounds like he's got a full plate already of things and this may seem like a great idea that when he gets into it he's overwhelmed so let's just take it uh one step at a time one client at a time one you know and you'll you'll learn a lot when you get into it about what he wants to do more or less of what you want to do more or less of but i would take it slow start small grow slow and then you can you can build on it more once you learn a little bit i'll definitely um what do you do for a living she's retired you're retired how old are you retired nurse you're nurse how old are you 70. okay all right and um is he wanting to do this for you no okay he loves baseball i know that but i mean is he wanting you to start is he wanting you in this business to help you are you struggling with money no okay no we're he's independent we are independent we've followed your all of your things for years okay all right cool i just was making sure that what the motivations were behind all of this and what's going on so this is just simply him wanting to help some kids learn to pitch properly and um he doesn't want to deal with the administrative and business side of it he just wants to do the pitching part and you pick up the rest that makes sense okay cool well i hope it works out i'm with christy let's baby step into it move slow into it incrementally so that you guys can learn as you go and figure out what's your next step let's her a copy of business boutique that'd be great reading for her anyway as she's kind of having these conversations with him absolutely that's perfect so kelly i'll pick up linda and send you a copy of business boutique elizabeth is with us in canada hi elizabeth how are you hi i am thankful to god for his blessings amen me too um so my husband's 29 i'm 34 we're expecting our first baby in july we don't have any debt except for our 30-year mortgage we have about 280 000 left on that and we've only owned it for a little over a year we have thirty thousand dollars in our emergency fund and we have about forty three thousand dollars just sitting in our savings that we've saved up and kept there and we're kind of a little bit divided on what to do with that so my husband looks at the numbers and he wants to put it in investments for retirement and i hate having the house debt and i know that it's not a huge chunk in relation to what we owe on the house but i know that it would help pay down the principal and i just i hate owing on the house i don't like the debt and we don't have any other debt so it's like that's the one thing um so but numbers why is he thinking it won't get us ahead as fast as investing will when you're looking 30 years down the road so i guess with the question is with that 43 000 chunk should we pay down the principal on her mortgage or invest now or split it somehow or just i could just say screw it and get a brand new toyota tacoma that would be like well that's possibility okay i mean if you're on board there you go the uh uh i mean if you have a purchase that you need to make other than a screw it purchase but i mean a legitimate project that you want to make then that might be a play but basically what we teach is what we call the baby steps and it sounds like you're aware of them baby step one is and two is to be debt-free everything but the house three is an emergency fund you've done that beyond that you have this forty three thousand which we would apply to uh beginning your baby steps four five and six simultaneously four is putting 15 percent of your household income into retirement are you doing that um well okay so yes and no so not 15 but so the coolest thing is actually at my husband's job he makes about 90 000 a year and i'm going to be a stay-at-home mom so i was working but i'm not so our let's just say we make about households 90 000. so at the end of each year his um company gives him 12 of his annual income above what he made and we use that solely for investing so it's not we haven't he just started there he's only been there for a little over a year so we've only received one and that's just a that's a lump sum bonus yeah exactly and so i think it's intended for investing and that's what we use it for just goes right so we've only been investing for a very short time because so what i would do is change your system then you do not have a 90 000 income you have a hundred and two thousand dollar income okay counting bonuses yeah okay give or take 101 but somewhere right in there and so i would be putting fifteen thousand dollars a year of your money systematically monthly into retirement savings okay and that that's a budgeting change for you that's not that really doesn't address the 43 000 but i would start that immediately i would not do what you're doing because you might not get the bonus one year and you need to you need to be in the habit of steadily investing 15 of your income and the um so that that's the direction i would go now the um then the next step is do you have children one on the way in july then uh we might use some of that 43 000 to set it aside for kids college baby step five and anything that's left beyond that i would put it on the house and uh and i am also doing math and part of the math i'm doing is data that says that the typical millionaire that we studied in the largest study of millionaires ever done in north america shows that the typical millionaire has paid off home and substantial money in retirement and what i just laid out for you will get you there substantial money in retirement 15 15 000 a year going into retirement and uh then beyond that uh uh you know you're putting the the uh money toward every dollar above that towards getting the home paid off and the typical person listening to the show doing our steps pays off their home in seven to eight years the typical millionaire pays off their home in about 10 years but people following this stuff tend to be a little bit more intentional a little bit more intense and move in that direction so somewhere in that 7-10 range house is paid for but it won't be if you keep screwing around and putting the 43 000 in investments because quote unquote i did some math which by the way was wrong this is the ramsay show [Music] [Music] so [Music] chrissy wright ramsey personality is my co-host today open phones at triple eight eight two five five two two five christopher is in dayton ohio hi christopher welcome to the ramsey show hey dave how you doing better than i deserve what's up so uh i'll try and make a long story short i am uh divorced about three years ago and in those three years i've been to court uh my wife ex-wife has taken me to court three times five times excuse me so each time we go to court costs anytime anywhere between ten thousand and thirty thousand dollars i was on baby step two just bumped down to baby step one um so we're rebuilding our thousand dollar save or emergency fund um we are ninety six thousand dollars in debt i am remarried uh we have a household income of a hundred and twenty thousand and why does she keep taking you to court um i mean i don't want to speak early over uh i mean is this about kids or what's it about well in in her argument it's always about the kids um but she's um narcissists and depression so she lets that guide her ways even though i keep winning in court uh she keeps taking me back just finding a different poll to do it and um yeah so we're we're gearing up for if it's around now that she's taking me back for the same reasons okay i think you need an attorney that gets on the offensive not just the defensive because she's abusing the court system it sounds like she is and my wife and i have talked about we don't even know if it's legal to start doing like uh harassment um type of uh legal action towards her you need an attorney to investigate that you really do because this is i mean i'm just listening to what you're describing and and you know people who are continually doing that uh leave themselves open to a lot type of liability there and so the abuse of the court system is a real thing attorneys can be sanctioned for that and um certainly individuals can just filing frivolous lawsuits is not allowed you know and so that's you know i keep winning i keep winning and she keeps looking for some angle so anyway that that but anyway you so you've got 96 000 in debt is that what you said yes sir how much of that is attorney's fees um that is current attorney fees is about 25 000 okay and what's the rest of it the rest of it is from going through the divorce um i took on all the debt that we had at the time and then we you know it was like a snowball effect in the wrong direction for us we were dropping everything to be able to pay for attorneys so then we accumulate debt because we have you know we could pay a lawyer we could pay for food um i could lose my kids or we could feed the kids kind of thing so we ended up making i wouldn't call them bad choices they were just a noose around our neck and we had to accumulate credit card debt um so how much credit aren't there sir uh credit card debt is sitting at um i believe it's 22 000 right now because that's 50 between those two things that are associated with this what's the other 50 and then there was a personal loan to accumulate the uh the debt from when the divorce first took place that's currently sitting at 37 000 and then um the the rest of it is uh like kids and braces and stuff like that kids and braces for fifteen thousand dollars uh no no um if that doesn't equal up to exactly fifteen 000 i'm trying to remember my dave randy uh that's our website what all of it is but most of it is credit card and consolidation loan yeah okay oh and family debt because they helped me pay for lawyers as well okay and you make 120 household income now with your new wife yes sir okay good all right um and then your question at the end of this is what so right now we're projected to pay off if nothing else happened another 17 000 in debt by the end of the year and we should be debt free by uh mid august of 20 or excuse me mid um 2025 that's our goal and i guess our question uh the wife and i were sitting around talking and that is what could we possibly do to better protect ourselves so that when we do get slapped in the face with another court um hearing we're not scrambling for twenty thousand dollars to to make it happen our goal we're trying to beat gazelles and uh knock out this bed as fast as possible but every time we go to court it really kicks us it beats us down yeah yeah hey i don't know uh it may be that you treat this like it's a chronic situation and say um you know if you had a an illness that cost you 20 000 a year that was chronic you would have to put that into your budget and then above that work on getting out of debt right and so i i think you've got a chronic legal problem for now and you've got to continue so i put a couple grand a month in the budget set over in a separate savings account only only for legal fees potentially if you and it might be that if it happens again we're going to use those legal fees to be those attorneys fees to be offensive okay okay so you would say you slow down paying off the debt to build up a account to build it well because you're going because you're you you have a very high probability this is coming at you again yes sir and so you know you've got to get ready for it i mean this is a christmas is coming in december a lawsuit is coming from the ex-wife these are predictable things it is every time something good happens in my life it seems to happen and i'm not i'm not trying to be a black cloud that's not my point my point is just mathematically forecasting we're just going to predict and if the bad thing doesn't happen you've got the money it didn't go anywhere but you can't go buy a bass boat with it then you got to use it for debt absolutely so if for some reason she decides to calm down without being slapped into next week with an attorney which may be what has to happen um i mean sometimes you just have to stand up and fight you know forward rather than backward and i don't know i mean i don't know the particulars of your situation i'm not an attorney uh but you know there there is a benefit to going after offensively some of these people that misbehave using the court systems well this is not working for your five times in this is not working so we can't you know i mean like i would try something else after this round or whatever it is you know i i never suggest heart i mean very very seldom does suggest someone pick a fight right but sometimes you have to finish one yeah uh in order to you know in order for it to be over yeah it's not gonna be over until you finish it yeah you mean you've got to punch into punch and punch and punch until it's over yeah and you just stand there and and just you know and the problem being a fight is it it doesn't just uh hurt the person that you're hitting it hurts you yeah when you're hitting you're you're you know if you're physically wearing a fight your hands will get damaged you know uh you know boxers come out you know they're damaged on both you know there's no no one gets out of these things unscathed it's not like there's one guy does all the hitting and one guy doesn't right you know everybody gets hit but the thing is if you're going to go through all that at least stick in it long enough to win yeah where you don't have to fear this every single year and just absolutely defeat the evil foe you know that's what you and you have to take on that persona of doing that and it's very difficult yeah so it's emotional because you can hear the emotional drain on him oh my gosh like it's just never and he's trying to he's yeah but you're never going away you know just go away i've had people in my life like that just go away just go go live your life over there somewhere just go away you know it but they can't seem to do it so they they don't get it no it's not just a financial drain it's just that emotional drain to you know the headache the strain on your marriage your kids it's it it's uh you know in your you go from uh you know being angry to sad to back and forth and i'm just i'm so sorry yeah sorry you've been been through that yeah and and and it's you know it's the problem is it's stealing both the emotion the spirit and the money from your future with your current wife right that's the problem you're taking your eyes off of good things that could be done instead you have to deal with this crap yeah and this fight yeah and uh hey been there myself know how it is not in a divorce situation but in other situations and you've just got to you just have to uh the bad actors they have to be punished and you know you don't have any way around it uh you know i i don't set out to be sheriff andy but um but we'll finish it you know if you're going to pick a fight and that's that's the re that's where i'm coming from because i've been in those situations in sadly in legal battles where you have to become the aggressor rather than even though you didn't start the fight right in order to stop it that's how it works all right open phones at triple eight eight two five five two two five christy wright ramsey personality is my co-host james childs is our producer kelly daniels our associate producer and phone screener i am dave ramsey and we'll be back [Music] have a friend or family member that needs a daily dose of ramsey advice in their life let them know about the ramsay 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 [Music] this is the ramsey show 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 christie wright ramsay personality is my co-host this hour this day open phones at triple eight eight two five five two two five that's triple eight eight two five five two two five you can hear her on the christy wright show where faith meets personal development so you can have a bigger faith and a better life you get the encouragement you want with the tough love truth you need to connect with god take control of your life and enjoy your life new episodes every tuesday on youtube and anywhere you listen to podcasts the christy wright show open phones triple eight eight two five five two two five jeff's in daytona beach hi jeff how are you i'm doing well sir how are you doing real happy to be on the on the phone with you you too sir how can we help so i have a question my wife and i are are looking to install a pool in our backyard and i uh i know your your thoughts on on pools and and getting refinancing to use the money for that but just a little bit about my wife and i have lived very financially responsible we have no debt cars are paid off we have college funds for the kids we maxed out both roth iras we're also both pension employees with the city here so we have a pension to look forward to and we have deferred comp um we bought our we currently owe 134 on our home our interest rate is 4.125 what do you do what do you need you're doing great man i'm talking you're doing wonderful i know yes yeah how can i help so we are wanting to install a pool in our backyard we have two young kids we are in what we consider our forever homes and we are wanting to refinance the house and pull sixty thousand dollars out of the house to install the pool you wanna put a sixty thousand dollar house in a hundred sixty thousand dollar pool and 130 000 house so no we only owe 130 oh i'm sorry what's the house worth what's the house worth one third i'm sorry 330. yeah the new rate we could get would be two point three seven five i said that's an expensive pool yeah oh yeah sixty thousand dollars is an expensive pool that's uh that's that's my wife's feeling and that's a that's uh it is yeah it's hard doing you're the one calling jeff i i know it it it would be a very nice pool and i know it's expensive but like i said we are not planning on on going anywhere at least until the kids are through high school so that's about another 13 years you know for the youngest one okay um well what you're very clearly describing over and over and over again and you've said it six different ways is that you know this is an irresponsible bad idea yeah but you're trying you're but you're trying to make me think it's okay so that so that you're going to think it's okay so that they will say you're you're on to me i mean it's just it's um okay let's walk through it so number one i'm not against fun number two you have done a great job with your finances congratulations number three you have a clue where you are you know exactly what's going on you're not a wandering generality you're not out of control you're you're very systematized you've been very uh beautifully done you've told me your numbers you're not you're not guessing you know exactly where you are so you have a lot of positive things going on and and then you have this uh your stomach is in your throat because you're getting ready to pay too much for a pool for a 330 000 house it doesn't make sense to put that nice a pool on a house that expense meaning you would never recoup it ever you're you're over building the neighborhood you have to be by definition even if there's pools all up and down your street they're not sixty thousand dollar pools and three hundred thousand dollar houses people don't do that that is true okay so number one you know you're spending too much number two you're borrowing money to buy a fun toy yes and you know that that's not unwise and um you called the guy that was would tell you both of those things right i mean what what do you want how can i help you could i could i run something by you you think it's going to change my mind i don't know i try that technique jeff with my husband all the time well let me just give you one more all right let's try let's try it let's try it you're a good sport jeff let's try it for fun here so my wife and i we purchased the home we've been in the home about six years we purchased it for a hundred and sixty thousand dollars it has appraised quite a bit i i understand so the new if we were to refinance um at a lower rate of 2.37 we would have that the the mathematic equation you give out we would with the closing cost which is about nine thousand dollars we would cover that in about three years we're going to be in the home for at least i'd say at least 10 to 15 years and with the refinance we're only refinancing at 210 uh 210 000 which is still substantially less than what all the homes and i think it's going to make you bankrupt okay yeah i don't think you're going to go out of business because of this i don't think you're going to completely you know get a divorce because of financial stress that's not that's not what i'm saying i'm saying a you're borrowing money to buy a toy sure even though you figured out some bass awkward sophisticated way to make it sound okay but you're still borrowing money to buy a toy and you're over building your neighborhood both okay so if you want to do if you want to do one if you want to do one of those overbuild the neighborhood okay so don't but don't borrow the money to do it gotcha so i and i so i i if i woke up in your shoes i would do one of two things uh and is do you have any money to put towards this project we would we have twenty thousand dollars that we would put uh towards but the way pools are built ever i mean it's such a hot commodity here in the state of florida right now that they're putting an 80 pooling oh jeff you're in more trouble now oh it's a sixty thousand dollar pool oh okay so you're borrowing you're willing to borrow forty yes sir i'm sorry okay no i'm misunderstood i'm misunderstood okay so you got twenty so if you and what's your household income about 110 000 phenomenal okay i would project that based on the fact that you two actually have done so good until we got to this conversation with your finances that the two of you could add another 20 000 to this 20 000 very quickly and pay cash for a 40 000 pool if dave and sharon ramsey were in your shoes that's exactly what we would do yes sir i'm going to tell my wife we're going to have to eliminate sushi sunday and that's that big no more it's up to you it's not a lemonade it's trade we're trading it for a pool you eat a lot of sushi apparently but i was waiting for that but but your trade you know you're going to eliminate some lifestyle to get the pool that's what dave and sharon ramsey would do we've but we've got some nice toys in our life and i remember the first time we bought a toy we bought a little bitty dinky butt house on the lake for a hundred thousand dollars and we thought it was the oh god we just bought a second house we're like rich people or something we have two houses it was a hundred thousand hundred three thousand dollars and uh but we pay cash for it and we've never regretted it we've never regretted on a lake house because we pay cash for our toys and they don't come back to bite you in the butt later this is the ramsey show [Music] [Applause] life is full of firsts [Music] as the first and longest serving christian health cost sharing ministry chm has shared medical expenses for its members since 1981. we believe you should have the freedom to focus on your health while being supported by a community of believers giving you the opportunity to create many more verses [Music] i'm proud of my state of tennessee and one of the greatest things about our state has been that we have had a great run of incredible governors at least the last two anyway and governor bill haslam was a governor here for two terms currently governor bill lee is our governor in tennessee and uh bill and i became friends during that time christie's wife as well and he was an incredible incredible governor and uh um incredible uh not politician but statesman is a better word and has written a brand new book i i went to donald miller's house the other night with a bunch of folks in our area here that were friends of both of ours bills in mind and got to hear a little bit of the reading from it and the background on it it's called faithful presence the promise and the peril of faith in the public square bill and i are both christians and it is messy when you once you say you're a christian someone disagrees with you immediately you're a fake christian immediately uh someone's got something to say about that but uh you know how you can uh act out your faith in the public square uh bill comes from the pilot oil family his daddy is a started pilot oil and his brother owns the cleveland browns and uh if i got that right you got it right okay and uh make sure i say the right thing jimmy big jim will get me jimmy will get me for sure you get a quick call but yeah i'll get i'll get uh big jim would get on me i don't want big jim after but uh big university of tennessee fans as well and alumni like we are and uh uh generosity in that direction so a little bit of background there so bill you and i when you uh were running for governor the first time uh with your background coming from a family of means we're sitting you and chrissy and i and sharon were sitting on our back deck remember kind of getting to know each other right right a little bit and i asked you a question i said why would you take this job because it doesn't pay that much in comparison to other things you could have done and have done in your life and you come from a family of means you didn't it's not something you needed financially and you didn't need the power you didn't need any of that why would you why would you want that job it's kind of what i said you remember that i do i remember the conversation well and it was an honest question because i just couldn't envision it yeah well first of all you talked about the success of tennessee and ramsey and ramsey solutions is part of that story i've i got to stand here where we are now when it was a field um and to see what you have done to see what you've done with the place as we say around tennessee is impressive so first of all let me just dip it was with your help as well no cool state was a big help too so why do i run you know we all find different ways to serve right you've been able to change thousands and hundreds of thousands millions of people's lives by giving them some insight into financial um a better financial way to carry out their lives government serves a lot of different people and it makes it different who governs matters and for me it just felt like a huge opportunity to serve and i know it sounds kind of corny but it felt like for me the way to to change more lives for the better than anything else i could do well and i also remember you saying you felt like god told you to i did it well and it was a call a spiritual call as chrissy would would always remind me during the campaign campaigns aren't really fun aren't much fun and she'd say okay you you are called to run the election will decide if you're called to serve so there was always a whole lot of well we'll see well thanks for watching the wife there yeah but she was right and so we really did feel that way and so if you do feel that way then then you do it differently you don't do it uh with you know your own your own ends in mind bill haslam former governor of the state of tennessee the book is faithful presence the promise and the peril of faith in the public square so this your first book why write a book about this subject and why now you know uh it is my first book it might might be my only you know some people like you have enough to cover a lot of books this might you know i only have enough for one problem but here's why you know it's no secret the country's at each other's throats uh and everybody talks about the polarization and we're not just that but we're mad um and we're not just mad but we think the other side has bad motives the question is what are we gonna do about it well jesus was pretty clear in in scripture when something was wrong he always started with us the religious types uh and he said hey if the meat's gone bad it's not the er it's not the meat's fault it's the salt's fault the salt's not doing its job and so this is a call to all of us who say that we want to follow jesus and then others who don't but want to know the role of faith in the public square to say what role could we have in being light in the darkness and being sought to meet and changing the tone of the conversation politics uh i you know anytime you get up in the spotlight like i have been for many years you get the haters and you get the and you get the uh people who believe you can do anything which both are wrong right and um but the uh uh you know you ought to run for office and i immediately just about no no i have a physical reaction it it sounds so exhausting would be balanced we know that that's true and there will be a lot of angry people but yeah but uh it's messy it's exhausting it's sometimes ineffective why should we even care about politics well you know it says in scripture that god causes the the sun to fall on the just and the unjust the rain on the righteous and the unrighteo he cares about the common good and this is a way that that government impacts what we do and how life works and again think about your principles so tennessee's actually lived that way we've lived as a fiscally responsible state because of that we can keep taxes low we can attract businesses to come here it matters the decisions you make and that affects again millions of people uh because of that so um one of the reasons i wrote the book is i don't want people to say oh a pox on both your houses i'm tired of all the argument i'm not going to pay any attention because that's the wrong response to the current situation right the the only way to fix it is engage i stand back and throw grenades doesn't do it it's never it's never worked and by the way it's never changed anybody's mind either yeah that's true that's true so bill lee's been in office two years a little bit more about two and a half years so you know so you've been so the last 10 plus years right we've been having these conversations um it feels like to me that it's gotten a lot nastier during that 10 years nationally yeah i don't think it just feels like it has and all the data would show you that that it's we've gone from disagreeing to think the other side has bad motives and even being contemptuous of the other side yeah how do we get in this mess i think there's several things number one we've always been a little i mean we've always been you know it's always been partisan you know our the founders got literally gotten duels with each other uh so so we shouldn't kid ourselves and say oh this is new but i think secondly the world's different and so with social media you can hide behind the anonymity of the internet as you know and people can say whatever they want about you keyboard keyboard courage the keyboard i love that i'm stealing that uh people can have keyboard courage people can uh people can in politics can say well i can just go be a social media star i don't really have to solve problems so it's like i'm going to play a senator on tv i'm not going to really be one in terms of solving problems and i think the fact that folks can choose their own news and how they get it we we just tend to dig further deeper into our own beliefs and not take any time at all to listen to is there a better way to do this yeah the ability to sit down and calmly listen to the other side is a lost art it really is and somehow we think that if we yell at the other side we're going to change their mind and that's changed nobody's mind ever doesn't you know i'm going to get mad and call you names and on twitter and that's going to make you feel better yeah and i'm going to vote your way now yeah exactly yeah exactly faithful presence is the book the promise and the peril of faith in the public square former governor of the state of tennessee two terms bill haslam what strengths and gifts if people of faith come to the public square should they be bringing well you think about one of those that we should bring is people always deciding am i going to be a person of truth or a person of love and we're supposed to be both we're supposed to understand that it's you know speak the truth with love we're supposed to people think we either have to choose mercy or choose justice and we understand it's both i mean we actually have a god that lived out mercy and justice at the same time uh and so we have a picture of that the other advantage we have is we know we're broken imperfect people that's part of the definition of being uh being a follower of jesus well if we are that then by definition we know we have the capacity to be wrong too that's not a bad place to start the discussion yeah and that makes you a listener i hope so love your spirit love your humility appreciate your friendship you too you and sharon have become great friends thanks governor bill haslam former governor of the state of tennessee check this book out guys it's life-changing and it's really needed in the marketplace right now faithful presence the promise and the peril of faith in the public square this is the ramsay [Music] show [Music] [Music] [Applause] [Music] [Applause] christie wright ramsey personality is my co-host today open phones at triple eight eight two five five two two five in las vegas andrew and shanae are with us it says on my screen you guys are debt free congratulations thank you how much did you pay off seventy eight thousand five hundred and sixty four dollars good for you awesome and how long did this take you 364 days okay there we go the one year minus a day mark okay and your range of income during that time um our range of income started about ninety seven thousand four hundred and ten and then we finished at um one hundred and forty eight thousand nine or eight hundred and forty wow what do you guys do for a living i'm a police officer and i'm the office manager of a dental office how did you get your income up so far in one year um i worked over 901 hours of overtime wow wow great place to go when you're broke to work huh way to go andrew man i bet you're happy this is over yeah the wife's pretty happy too she has help with kids now yeah absolutely she was a single mom for a year so uh that's what my wife said yeah so uh what kind of debt was your 79 000 uh it ranged from we had a personal loan for 42 000 we had credit cards we had cars and we had a 30 400 vacuum cleaner of course yeah what well it does everything [Music] or not but yeah so what was the 42 000 personal loan what was that um so we have two children and um i was a stay-at-home mom um for about almost three years and during that time we thought it was going to be a good idea to consolidate um a car payment and credit cards into a consolidation loan and we were kind of you know at that time we didn't know a whole lot about paying off debt and stuff and we thought at that time that was going to be our best option and then when my daughter was born um she had a lot of medical problems and so we got behind on a payment and it kind of just downhill from there yeah i got you okay yeah that thing they're trying to borrow your way out of debt lots of folks have tried that one you're not the only one way to go i'm so proud of you guys what started this uh this debt snowball this lit your fuse because you guys went nuts i mean you were going after it 901 hours of overtime what started all this a year ago um so i had gone to a training with a co-worker and during the training uh finances had got brought up and he was saying that he was getting ready to pay cash for a million dollar home and i looked at him and i said how is that possible i mean you have the same job we're the same age like how how are you doing this and he grew up uh in a ramsey household and so he started telling me about it and i spent a couple more days away from the family at the training just looking this stuff up came home told the wife about it and we were just right then and there we started and we had kind of talked about actually the options of going bankrupt after that consolidation loan like went to collections and stuff because we were having all those medical problems with my daughter um and so when he came home and was talking about that it was like well we either do this or we file bankrupt because we're not really sure what to do and we were so young that bankruptcy didn't obviously sound too enticing so this was the only other option we had and it sounded like the best thing and we kind of just went full force yeah you sure did so how did you plug into us um when we were at the training he told me your name so and then my mom had told me about you when i was in high school and something but i you don't listen to your mom when you're a teenager yeah and so once i saw someone my own age living that way is when we started i started listening to the podcast oh the podcast okay every single day i've i have all of the books the audiobooks that i've listened to at least once a month yeah it's just we went crazy on it okay all right cool and so the budgeting and the whole process so what do you tell people the key to getting out of debt is sticking to a budget yeah inconsistency i mean like it's hard and you know you especially when you have people um you know that you're friends with or family that are kind of like oh well you know and they live in like the debt lifestyle and they're okay with credit cards and they're okay well i want the points you know i want this and so you know you have those people that kind of tell you what you're doing is silly and stuff and um so my my opinion is making sure that you're not listening to that because there is a lot of people that will try and tell you um you know their other ways are better and so just consistency and really knowing what your goals are and keeping keeping your goals in focus because otherwise people really do try to talk you out of it yeah there's a lot of naysayers and it's just because they don't have hope a lot of times right and uh but who were your best cheerleaders um oh man that stuff we had i think each other honestly we had some friends outside but me and her one of us would start to feel a little discouraged or something like that and the other one would be like hey knock that off like we got this let's do this and so we just worked together as a team uh it was probably the best thing but we had some friends that stuck by yeah what kept you motivated i know a year is pretty fast for you guys to do this but there had to be some some of those times where you were getting discouraged would you what did you guys tell each other would you keep in mind to be able to stick with it i would say it was the thing that dave has is live like no one else so later you can live and give like no one else so we figured if we took a year away from being able to do all the fun things and just really put our heads to it we would have a lifetime of being able to do the fun thing that's awesome and we have a four and a six year old and so i think that was a lot of it too because um i really want to be able to you know send them to school and not have if that's what they choose to do and not have to have a lot of financial things i know i grew up um you know with a lot of hard like financial situations and i don't want that for my children um we've taught our we've taught our kids um this kind of thing and like even my six-year-old he goes out and he gets a job cleaning up dog poop for friends and they pay him and we teach him how to like you know spend save and give so trying to show them a good way of living with a lot of motivation as well just trying to make sure that they can see you know that you have to work hard in order to live freely later that's awesome so your friend andrew who paid cash at your age for a million dollar house you know that that's your son right i really hope so yeah he's growing up in a ramsey house that's right he's growing up in a house where mom and dad are living on less than they make mom and dad don't borrow money mom and dad know how to work their butts off and you're teaching him how to work you know i mean it would do a lot of america good if at some point their kid had picked up poop for money it could change this country it really could yes 80 bucks a month going house to house yeah that's awesome wow that's awesome wow this kid's an entrepreneur uh no ken no pun intended but yeah wow you guys this is incredible i'm so so proud of you guys very very well done absolutely incredible uh so here's the deal we got a copy of the legacy journey for you that's uh the book about what happens now the live like no one else part now that you've done it and the legacy that we're just talking about with your kids and we've also got a copy of the total money makeover for you to take and give to someone because now andrew you're going to be that friend that runs into somebody and starts their journey and that's how this works so paying it forward so again we're just so proud of you guys very very well done all right it's andrew and shanae 79 000 paid off in 364 days with 901 hours of overtime making 97 to 148 they are free count it down let's hear a debt free scream three two one amazing you know it's not hard to work that hard when you can see the light at the end of the tunnel that's right and you can see that you're getting there yes i love that visual of how you said that's going to be your sun like oh you forecast into the future the ripple effect of this decision with that next generation and beyond that that's incredible change your family tree baby you can do it and i'm talking to you yeah you you thought you were just in the car listing the radio now i'm talking to you you need to change your family tree it's in your power to do it now do it [Music] [Music] [Music] chrissy wright ramsey personality is my co-host today open phones at triple eight eight two five five two two five have you ever made a dumb decision with zeroes on the end because you didn't do your research yeah me too sometimes we all make choices dumb choices based on feelings or opinions and if you do something like that when you're buying a house yeah and this real estate market feelings are not your friend facts are your friend because everybody's going bonkers out there check your facts find out what you can actually afford research what's really trending in home prices talk to reputable real estate agents in your area this is not amateur hour where mark warehouses are getting multiple offers do not let a monkey sell your house and a monkey can get a real estate license and they sell two houses and then you've listed your highest most expensive property asset with someone who doesn't know what the flip they're doing get the facts know what you're getting into and get a pro in your corner go to ramseysolutions.com agent you can plug in with one of our elps our endorsed local providers that we have vetted their high octane high protein the top real estate agents in the nation ramsey solutions dot com slash agent that's how this works open phones at triple eight eight two five five two two five that's triple eight eight two five five two two five tina is in austin texas hi tina welcome to the ramsay show thank you for having me and listening to your podcast a lot well thank you and um i just it's kind of like jeff your earlier caller i feel like i'm pretty frugal i'm really good with my money um but i wanted to make sure i'm on the right track and i feel really stressed when i'm spending my money um when or when i'm using my money for myself when it's a gift or a donation no problem anybody check but then when it comes to me i get really nervous um grocery store i don't want to binge on the five dollar chocolate or whatever right i just want to make sure i'm the right path of um savings uh so i'm on baby step number six um paying off my mortgage i feel like i've done a really good job with everything else i skipped number five i don't have any kids um and thanks to the podcast i got really good so intense during um the pandemic and i paid off my car this is pretty dave ramsey i've heard about you for ten years but i never really read the book how can i help today how sorry how can i help today so i wanted to make sure that i was on the right path for um um when i paid off the mortgage i have two different homes one's a rental under an llc and one's my home home and then you always talk about paying that off as soon as possible i wanted to see which one should i pay off first um do i go get so intense and paying those off and or do i just kind of loosen up a little bit generally speaking what we do is if they're similar in payoff balance i'd pay off your home first uh but if you have a tiny little rental mortgage you want to just reach over knock it out and then come back to the home uh that's okay too we're going to get both of them eventually agreed yes okay so how much is owed on each um i owe 61 205 on the rental with five years left and then 170 313 with 11 years left and your income is what uh taxable income is 73. 5 000. that's how much you're getting 72 000 taxable income 73. 73. 73 000 okay all right the w2 is a 97 yeah okay so you know the rental is substantially smaller in balance yes and if you wanted to push it up front you can uh that would be a reason to push it up front i always want to cheat towards the residents because of risk management and all that means is in an absolute horrible worst case scenario if you were going to lose one to foreclosure you'd want to lose the rental not your home and so getting rid of the the place where you lay your head down at night having no mortgage releases you in the spirit releases your spirituals you know self a lot and then because of you know the rental property and whatever we can lose it or we can sell it and it's no big deal but where you live gives you an extra dose of peace when it is paid off and so i tend to cheat towards that so that's a reason to put it first but the rental is very small so you can knock it out pretty fast if you get after it right right so either one is okay in this case but that's the way i look at it that's the two things i look at is it and so if you owed 150 on the rental and 170 on your house i'd say go to your house because of what i was describing earlier but because your rental is so small if you want to go over there first you can do either one you know again you know we're only 230 000 from being completely free and that's pretty cool she's done a great job yeah it's amazing it's always good when the question is either option is a good one that's the answer yeah you know you're in a good spot because you've done really well yeah you've done real smart and uh when both answers are smart quite answers right yeah that's a that that's a lot better than both answers for dumb answers yeah i've been there too i've done both uh joey's in hattiesburg hi joey how are you hi dave how are you doing today better than i deserve what's up well i am 20 years old i own two businesses one is a startup the other has been running for about three years um for the one that's been running i owe 176 000 um on the business um 104 of that is owner finance loan um 63 of it is through a bank and then 9k is minor debt well i know the general rule is never to take out of an ira however i'm hoping that you'll give me permission for an exception um i've got a cd for 64 000 and an inherited ira for 700 i'm sorry 79 000. not bad okay the inherited ira is 79 and the cds how much 64 000. okay all right and the owner finance loan the one for 104k said if i paid in full they would take 10 percent off um meaning i would save um ten thousand four hundred dollars on principal and another seventeen thousand in interest and my idea is to use that cd put that towards it and take the other thirty thousand dollars 000 ira yeah an inherited ira i would do that when did you get the inherited ira oh um three years ago for my father okay i'm sorry sorry for your loss there um yeah and where did the cd come from same thing same thing um it was life insurance okay and what kind of business are you running at 20 years old that you won 170 000 in debt for um it's a vending machine business it started out as 260 000. and i've been able to get it down to there you're making money um yes to be fair during corona it was barely paying for itself but nevertheless paying for itself how much do you make a month gross right now gross i mean it varies from month month but on average 8k it's my day yeah okay so you're making like 30 grand a year profit as of right now yes um but i've had that's because a lot of my business taken away i'm regaining it back um now that kovis is coming to an end in mississippi absolutely okay yeah i would have thought it would be back mississippi's open it is but like the schools which is more than half of my business oh okay all right all right that does explain it okay and now you're out for the summer exactly that's the reason my average is so low yeah okay all right that's helpful because i'm just afraid for you these are these numbers scare the crap out of me and here's here's the thing yes i would to answer your question yes i would do this i would take the cd and enough out of the inherited and pay the loan off i would also try to negotiate down more than a 10 discount because they probably need the cash offer them 20 off and just see what they say all they can do say no all we'll do is 10 right so just say i'm having to cash out my dad's when he passed away inherited ira and it's making me feel funny i'll do this if you'll do 20 throw a little emotion in there see what you can get them to do and uh here's the thing i want you to walk away with don't do this again you won't have another one of these shots to clean up this mess next time you get ready to grow a business or buy a business you pay cash for it don't do this again i'm scared for where you were you're getting a one-way ticket out don't you go back that wasn't unclear was it no you you covered it well this is the ramsey shop [Music] hey guys this is james senior producer for the ramsay show did you know over 18 million people listen to the ramsay show every week and a lot of those people listen on one of our 600 plus radio stations across the country to find a station near you head to thermsyshow.com [Music] this is the ramsay show [Music] you can be intentional about your character you can have money and a career you are the hero in your story live from the headquarters of ramsey solutions broadcasting from the dollar car rental studios it's the ramsey show where debt is dumb cash is king and the paid off home mortgage has taken the place of the bmw as the status symbol of choice i'm dave ramsey your host christy wright ramsey personality number one best-selling author is my co-host today as we answer your questions about your life and your money open phones at triple eight eight two five five two two five that's triple eight eight two five five two two five kai is with us in orlando is it k or kai kai kai cool how can we help so i'm i'll be on baby step two and i'm working an extra job where i'm an independent contractor and i think i can pay off my debt in way before next tax season certainly by the end of this year should i set aside taxes still or should i should i wait till later to get rid of those taxes ready yeah you're going to want to go ahead and set those aside go ahead and plan for them do you know you have projections of what you're what you're planning to do this fall uh yes so um so it's just an it's an actual a couple hundred dollars a week but uh it's it's my second it's gonna be third job um and my total uh debt is seven thousand six hundred dollars what do you make uh not counting this job uh that'd be about 32 000 i'm just i'm getting actually getting ready to start the job next week okay oh cool cool well here's the here's the tech you're just out of college yes sir okay cool here's what we're the proper way to do this is to file quarterly estimates on the profits of your business when you're an independent subcontractor you're technically running a business you have a sole proprietorship okay my guess is you don't have any expenses associated with the business that are deductible do you i guess not other than maybe gas and mileage okay are you what are you driving like uber each or something uh yeah it's a grocery delivery okay all right yeah you will have some deductions there you'll want to keep track of all that yeah you want to keep track you can either write off uh the mileage by the irs guideline or you can write off the expenses associated with the car one of the two usually in your case the mileage is going to be a better way okay so you have a deduction so let's say that um your miles amount to 50 a week that you can write off and you make 200 a week your profit would be 150 then you're following me yes sir so what i would tell you to do is this number one um uh you can probably just jump online and look and see what the irs is allowing per mile and just keep up with your mileage keep a log book of your miles okay and you can do it electronically you can do it in an old-fashioned log book if you want to either one but you need to keep up with it in case they question you someday you need to have the records that questioning you is called an audit okay so i don't think that'll happen but but you don't want to get burned on this so now so you take the my the allowable rate per mile times the mile you drive and deduct that as an expense and then once a quarter you're supposed to file a quarterly estimate it's a one-page thing it's very easy to do with the irs and it amounts to all of the money you made at the grocery delivery in this case minus the deduction you're taking for all the miles during that quarter that three month period of time okay the difference is called profit what you brought in minus the miles is your profit you following me yes times your tax rate and you're going to send them a check for that amount once a quarter on your taxes and so i don't want you to wait until next year to pay your taxes because you're going to get penalized possibly for not paying them on time because you're supposed to do it once a quarter technically and then when someone does that when someone pays quarterly when they actually comes around a tax time aren't they just kind of reconciling the difference at that point it's just so much simpler on you as well you won't oh if you do it properly you won't owe any taxes on this portion of your income next uh spring when you file your taxes okay and i don't want that to sneak up on you and hit you in the back of the head later because we said oh don't worry about taxes do that later no yeah that'll get you burnt right there man so just go ahead and stay stay ahead of the game the last snake you want to play with is the irs snake it bites and day for clarification for anybody listening right now that is in a similar situation don't you recommend percent if you're not sure what your tax rate is yep twenty-five percent set aside out of your income yeah so as you're making it through that three-month period of time you can kind of be doing this calculation i'm going to take the mileage off and 25 of the difference i'm going to set aside in a savings account to be ready to pay those quarterly estimates yep and that's that way you'll have the money when the quarterly estimate comes up because it's you and i have with business boutique and with entree leadership we have talked to thousands of people who got themselves in serious tax trouble they do not pay quarterly taxes they don't even know they need to pay them and they don't really realize the benefit to themselves if they do of just setting aside that as you get the income as you get the revenue that you set aside that twenty five fourth of your profit needs to be set aside on a separate savings account it's just for taxes don't touch it it's it's tax money you're withholding on yourself is all you're doing you're just doing what they supposedly do for you with withholding they might sell them to it right there you go open phones at triple eight eight two five five two two five cole is with us in utah hi cole welcome to the ramsey show hey dave and christy uh thanks for taking my call i'm very excited sure what's going on yeah so i'm in an interesting situation i started a i have a stable job as a full-time fireman in vegas i live in utah and i started a side gig to help me to stay home more to supplement some income and now that income has grown and the problem i'm having is i work 100 hours a week about and i have three babies at home and i want to be home more so i'm trying to figure out if i should step away from my stable job and lose that sense of security and stick with a commission-based job or what that's going to look like how far away from vegas do you live it takes me about two and a half hours to get to my fire station from my house i don't understand that you do you do this once a day four days a week no so i work two days on and four days off so i do a 48 hour yeah schedule so i drive down once or twice a week and then i come back and then on your off days you have a side gig that's kicking butt yeah i'm a real estate agent so i started doing that and it took my income from just fire about 70 and now i'm doing over 300. okay uh now quit now driving yesterday a long time ago why do you have to think about it what is the question it's i know the market is hot now and it's doing well as an agent but if it's gonna slow down and my income could drop back down low and the security well if i step away from the fire job on the fire department i lose that that stability and that stable income yeah you lose five hour commutes and you're we see your three small children dude you should have quit like 30 years ago wow like by the end of the week you're not a fireman anymore that's it you have no life go get you a life wow you are not afraid of hard work though this is the ramsay 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 [Music] [Applause] [Music] so [Applause] chrissy wright ramsey personality is my co-host today open phones at triple eight eight two five five two two five summer's almost here but that does not mean you can take a vacation from your money goals motivation to stay in tents can go away i understand but especially when you want that beach trip or this kind of stuff the old vacation uh waves in front of you and you go stop your whining listen if you live like no one else later you can live and give like no one else if you will vacate like no one else meaning not at all later you can vacate like no one else meaning anywhere you want to go baby and there's some cool places in this world you ought to be able to you ought to be rich enough to go see but you're not going to get there if you keep spending money like you're in congress so it's time to straighten up a ramsey plus membership gives you our best digital money course financial peace university all of our digital money courses are there smart money smart kids know yourself know your money they're all in there legacy journey all the tools like the every dollar premium the world's best budgeting app all of this helps you keep moving forward it's about getting small wins that lead to big results your goals are worth working for all year long stay motivated with a free trial of ramsey plus text trial 233 789 that's trial two three three seven thanks for joining us america we are glad you are here christy it's worth going back to our firemen for a minute yeah okay seventy thousand dollars a year two and a half hours each way commute but he made three hundred thousand in real estate she had a 370 thousand dollar income three little kids at home he's working 100 hours a week in in our minds it was and in most of our list most of you listening you were going why in this guy quit already why in the world is he still doing this fire thing and what that says is this guy is tremendously driven by a need for security and he falsely believes that the fire fireman's job is more secure than the real estate jobs yeah and that's a falsehood which is interesting too because i've noticed a pattern where we've had some similar calls not the same question where it's well when is it okay to do this and it's like it was okay ten years ago but it's that we hold on there's this fear that keeps us trapped in some idea that that we we're not there we don't have enough the what if i lose my job i've heard you ask people well how stable is your job they're like oh i don't know something could happen but it's a very stable job they've been there for 20 years and the industry's secure and and so it's just interesting how fear i feel like is this shadow that haunts us and because we never really pin it down and define us it can always torment us like what if what if what if but the scenarios are not even remotely probable they're not realistic well and when it comes to your income it can be the tapes that were played in your house when you were growing up in the sense of always get a good job and the definition of a good job is that it that it's always going to pay yeah it's a steady work it's steady it's in its income you can count on and versus being self-employed or straight commission yeah which is an unstable job right but it's not necessarily an unstable income what's interesting though is i'm curious have you seen a correlation between uh preference in terms of like salary commission you know however it's structured by personality style because like no i think i think it's just a uh it would be back to rachel's book know yourself know your money it's abundance versus scarcity or it's um you know we all have one of those uh but the the scarcity mentality i would just go with that as an example and that could be any personality style but it usually would go back to your uh the way you were brought up the household you grew up in and um and you will either react way to the opposite of the way you grew up or you'll try to do the same thing again one of the two and but very seldom just in the middle yeah until you look up and you go wait a minute the way i was brought up is what's influencing this not the facts feelings are not facts yeah and and so uh here's an example okay if you made 300 000 in a white hot real estate market if the real estate market cools off you've done enough transactions you know how to do a transaction you ought to you ought to it's logical the facts would indicate that the chances of you making uh le you know one-third of what you used to make or greater is very high based on your track record right and how long you've been doing this you've been doing it longer you have word of mouth you have referrals there's there's not enough transactions that if you if you didn't make 300 but the market cooled off and you only made 100 but you used to make 70 as a fireman you still came out ahead so that it ought to give you all kinds of emotional breathing room to be able to quit the quote-unquote steady job but here's the problem people think that where they work is how what makes it steady and it's not your talent and ability to land a job doing something is what makes is the only thing that gives you stability and so if you're a high quality salesperson you can always land a job in doing sales always in any marketplace at any time now you may have to change you might you might be doing medical devices and later you might be doing cars or later you'd be doing cars unless you're doing medical devices or pharmaceuticals i don't care but a salesperson that knows how to sell and has worked on straight commission and knows how to has a high relational iq regardless of the personality type has a proven track record you're only as secure as your own ability the fact that the that it's the government that pays the firemen makes you secure no what makes you secure is you you have the ability to leave the cave kill something and drag it home and it's proven that's where your security comes from and and so but and you have to use those as dr john deloney would say we use facts are our friends and the way we overcome trauma is uh we calm down and we deal with facts not the emotions of the situation and i think that releases people to go live their dreams then yeah it's interesting too because it's when you break it down like that it helps people see oh i had some beliefs about stable versus unstable job that had nothing to do with what the company is or where the money comes from we've seen something similar when it comes to non-profit or for-profit status and building a business so i work with a lot of business owners and they say well i want to i want to structure my business as non-profit because i wanted to somehow be holy and do work that matters because as if the irs designation is somehow the holiness factor and so we'll have i will attach ideas to statuses especially in relation to government that are not actually accurate at all but i have a friend that owns a small business that has grown year over year over year over year for 20 years he's not made his personal income out of that business that he paid taxes on for the last 20 years has not been under a million dollars a year that's incredible yeah that's incredible yeah but and so is his income stable yes for 20 years yes yeah you know but it's all but but cove had affected it yeah cloven could have dr you know could have dried up his market could have done but is his income stable yes yeah it's an income statement it's got 20 years right of being able to do this it wasn't one time right it wasn't just not this young man here was he it was one time and it is just during white ochovid and so forth but he's out there still getting stuff done he's there's a lot of real estate agents who haven't even been able to figure out how to sell a house in this mess which means you really do need to get out of the business but um i mean because god almighty anything can sell a house right now but the uh but but you know maybe you won't make 300 but you've got 300 000 of income that many transactions under your belt that says you know how to look at people and get them to the closing table yeah on the par on the purchase of their next home their dream yeah you know i participate with them in that in a way that causes them to do the transaction yeah and and so that is stable yeah and to your point where your paid or who's paying you doesn't make it stable right and to your point your second year if the market cools off and you take a small dip your dip is still way ahead of where you were in the firemen job so you have to look at it in relation to what you're comparing it to as if somehow 70 000 is stable when you're talking about even a dip would still be way above that which makes his call for most people listening a no-brainer yeah but for something inside of him that was holding on to this false notion of where stability comes from stability comes from your ability say it again stability comes from your ability it doesn't come from anywhere else and god's blessings but it doesn't come from anywhere else but those two things this is the ramsey show [Music] [Applause] [Music] [Music] [Applause] christy wright ramsey personality is my co-host today open phones a triple eight eight two five five two two five on the la on the debt free stage in the lobby of ramsey solutions chris and amanda are with us hey guys how are you doing very well thank you welcome welcome good to have you where do you guys live ozarks awesome beautiful area huh yeah it is cool and all the way down here to do a debt-free scream how much did you pay off 278 767 wow how long did this take four years one month and 19 days i love it and your range of income during that time about 130 135 140 somewhere in there what do you guys do for a living um we're in higher education both of us what are your professors uh-huh yeah cool good for you yeah thank you i teach chemistry for a junior college um i'm a chair over a masters of science and nursing program and i teach in that program as well wonderful awesome very cool so uh i was gonna say four years and 279 000 might be a mortgage but that might be student loans yeah a lot of it we had to pay for a lot of brains between the two of us we have been purchasing brains yes we have five degrees between the two of us it's wow too much we over degreed ourselves it was wow bad decisions all around that's okay i mean your professors you're using it yeah and you know what honestly we're lifelong learners we love to learn you know so it was really good we love to teach we love our students both of us so we're really passionate about it we just um you know regrets about getting there the way that we got there but um that's okay because we were able to get out of it and now we're kind of on the other side of your mirror it definitely is so how four years ago the time that you finished the last degree then uh yes yeah we started the program about um a half a year before i completely finished my phd okay okay so you're doing dissertation and stuff as you're doing it i was yeah wow what's your phd in uh educational technology online teaching is sort of my specialty so wow you got a little bit of a future wow you talk about stepping into them yeah and a dissertation a dissertation in the middle of a pandemic just leading up to it no no no no you started four years ago i'm sorry i'm sorry i am in healthcare so you know wow yeah amazing yeah very cool very cool good for you guys so uh how long have so you were you were working on your phd how long y'all been married almost 22 years now oh okay yeah so somewhere along the line of this journey of gathering degrees and education and lifelong learning and all of this uh five years ago or so something happened into the 22 marriage what happened so 2017 uh well late 2016 we just got to the point or at least i felt like you know all the money that was going out you know versus all what's coming in it just ended up being nothing left over it just felt like a financial abyss at the end of it so that's how i felt but what about you yeah i think that um we are both people of integrity and we knew that we were signing for something that we were eventually going to have to pay and i think as i got closer and closer to the end of my educational journey i was watching it come my friends some of them were going bankrupt some of them were starting to get their bills in the mail because you know they don't start billing you for the student loans until you're out and so i was seeing the size of their bills and their bills were like mortgage payments or more and i mean it was giving me a visceral reaction and i think we just both of us just went oh you know the the piper's coming like we're going to have to figure out a plan to get this taken care of and we're both people of logic and it was so nice to have um this to sort of latch onto to say okay here's a plan here's a proven method that we can use to to sort of work our way through step by step yeah connected to us um you know i watch a lot of youtube videos and i just was following somebody who used the ramsay plan cool and um we got the book and we both read it and we decided we were going to get on board and it was very let's say i think it was intimidating to go up against that large number after we actually let the monster out of the closet because it really felt that way but and i think um you know after we started budgeting and actually doing it and following it then we started gaining confidence and you know it says it was such a four-year long journey you know probably in the middle of it felt you know felt stagnant but we were making progress so we kept going you know but the last year went a lot faster of course with covet everybody was at home so there was no way you're going to spend money anyway so you know it was we leveraged the advantage of you know we were paying off all the student loans at the end because they were the big biggest part yeah and so you know we just kept going it's gone so we don't have to worry about it so i'm i'm interested with um the amount of education and you said we're people of logic um when you uh because so much of what we do we approach this through almost emotion yeah or behavior modification anyway but when you when you laid down like the baby steps in front of you or the death snowball in front of you it was just instantaneous you just saw it said okay let's do it i mean i i think that i watched other people sort of on youtube who had done it and and were successful and i said well it worked for them we can make this work for us too but we've always sort of plowed face-first into life and just done things with a lot of confidence that we we are a team and we're going to be able to conquer this thing so i think this was no different i think i think we just sort of came into it very confidently like it may take us and my first calculation we did the excel spreadsheet at the very beginning was that it was going to be seven years and you know we got it done in four a little a little over four um we just picked up all the overtime and overload that we could pick up but what do you attribute the difference the difference between four and seven wow i think it just working together at the same goal versus just kind of doing whatever the individual wanted to yeah you were able to sacrifice deeper than you thought when you did this yeah we did we definitely did it's on the shirt i mean we're a team and it's so different working together it's one of those things like my students there's nothing a student hates worse than a group project um really but it's such a valuable skill to be able to work with another person and to enhance each other's strengths and also work against each other's weaknesses but also to work towards a common goal you almost it's it's more than one plus one is two it's you one plus one is three you know it's more than that so team call does have their own little university emblem there i love it it's it's pretty cool they have uniforms they probably have a soccer team yeah we're not sports [Laughter] well done you guys i'm so proud of you so okay when people ask now you paid off 279 000 in four years in one month how did you do that what's the secret to getting out of debt i think being a team and sticking to the budget even if you don't have the confidence yet i think you gain that over time and you gotta both show up to the meeting you can't get to scape out on it you can't get to skip a month yeah and i think working the plan um you know you find that plan that works and then you commit yourself to it you've i mean a million people have said this on the show but you have to submit yourself to the actual plan and not try to do ish um nobody is the exception nobody's the exception to the role everybody thinks they're the exception but you know the rules are there for a reason and it works so yeah they're they're there because they work with a reason there's nothing here to punish you it's still it's to bless you yeah so proud of y'all thank you very very well thank you very much who were your biggest cheerleaders outside the two of you uh well obviously the two of us but we had some family and then i think and my daughter was amazing yeah hi ali um and we got a uh smart fester who has followed us through this whole thing so now we're actually using him yeah so he helped us out thank you rick and then we um also have an elp with a realtor so we're oh my god yeah it was one of the coolest things it was at the end of all of this we were able to um move into our dream home yeah we got a copy of the legacy journey for you that's the next chapter in your story legacy is all about the what this is all about and a copy of the total money makeover for you to give away and pay it forward to somebody you guys are impressive very well done stars heroes well done chris and amanda from ozark missouri's 279 000 paid off at four years in a month making 135 count it down let's hear a debt free scream three two one [Applause] wow that is so awesome what a great story [Music] [Music] [Music] [Music] our scripture of the day lamentations 3 22 23 because of the lord's great love we are not consumed for his compassions never fail they are new every morning great is your faithfulness henry ford said the only real mistake is the one from which we learn nothing chrissy wright ramsey personality is my co-host today here on the air nathan is with us in minnesota hi nathan welcome to the ramsey show hello thank you for taking my call sure what's up so i'm i'm currently an accountant for a large company i've been there about 14 years my gross income is about 180 000 per year i'm married i have three small children my wife and i don't have any debt uh we have about three hundred thousand dollars in iras and and um 401ks through my employer to my wife's employer i have about forty five thousand dollars in savings uh and right now i have the opportunity to buy into a well-established tax practice with one other person i currently i have a cpa my my half investment into the business would be about a 90 000 uh share and the gross proceeds of the of the tax practice is about 200 000 annually so my my cut of that my half would be about 100 000 and we would operate it as you know s corpse each myself and the other individual and so i'm just trying to assess you know what that kind of pay cut would would mean to my current life situation where you have 45 000 where are you getting the other 45 to put the 90 into it um actually so i've i've met with the current tax practice owner and the other person who who's looking at buying it and it would be over uh basically over a two year time frame so not not next tax season but the following so by the time i would be transitioning into this tax practice i would have the 90 000 saved up in cash to just pay good pay for the half of the business okay and uh i assume you project that you can grow the business then correct okay and um the there's going to be one sub s corp and each of you are going to own 50 that's correct okay all right well i'm sorry no each of us would would have an s corp on our on our own and basically the so whatever tax returns we or whichever clients and tax returns we fill or we fill out we would uh take those proceeds oh actually okay so you would have to settle you would have a book of business and he would have a book of business but you're basically sharing office space under the umbrella of the larger okay okay all right that works and that makes it easy to manage and um you know we know who owns what then that you actually own those clients that's correct okay that's good that's a clean way to do it i i would suggest you get uh just as a sidebar uh some legal advice on putting together it's not really partnership agreement but it might actually be how these two sub-s's are going to interact share expenses and you always cover all the negative things we call them the ds divorce drug use default disability death what happens in the event of these things and so you address those things up front but that's a fairly normal process in the type of business that you're going into normally i steer away from partnerships but this is a unique this is like a medical practice in a sense they're a law practice in a sense that it's done differently so i'm fine with it right so you make 180 your wife makes what uh right now she's at about 35 but she she'll be starting a new job in the fall where she'll be around 60 60 to 65. okay so you would take an 80 000 pay cut year one but she would have picked up 35 000 of that that's correct okay and and her concern is around you know right now we have very cheap health care through my employer that covers our whole family and she she would work for a school and her her health care package to through her employer is is not nearly as good as mine so it's really just the the uncertainty around yeah it's not that's not that's whoopty-doopty that's not a big deal okay yeah you just need to run your numbers and create a budget based on this new income i think when you can see it on paper and see how you can live on this new income including whatever healthcare increase in healthcare costs then you're going oh yeah we can do it it just feels scary because you can't see it you haven't put it on paper yet but you may have 220 now you'll be at 160 then or 165 then and uh on your way back to 220 surely to god you can make it on 160 you don't have any debt right it's that perceived fear we were just talking about yeah so you chrissy's right you need to the two of you need to write it down and actually look at it when you look at actually what the health care difference is it's a penance compared to your income yeah it's not going to be 10 of your income it's not going to be 5 of your income it's going to be 2 of your income that's affected by this it's that perceived security because it's coming from somewhere else and now you're going to be doing it on your own and you just need to see how you can do it and that will help relief from some of that yeah your big hit is going from 180 to 100 that's the big hit it's not the health care right that is and i calculated i calculated the hours out and it's only about six months of equivalent work uh versus what i do today in 12 months you know a little bit of of higher volume obviously in the tax season which we'd have to manage through with our little kids and their schedules and things but but then i'd have you know late april through december of of lowell now i haven't worked so i've been responsible in your current situation for building the book of business where you are or were you just executing widgets yeah i i manage um a large portion of the of one side of the business so all the the budgeting and the financial oversight of it so well the acquisition of new clients um no we're we're a large uh yeah that's what that's what i'm talking about i thought so okay so that's a skill you don't have proven that you'll need to get in order to raise your one hundred thousand dollar income to two hundred thousand dollars that's a true point yes yeah so we some you know you're gonna learn about practice management marketing client acquisition development of new new books of business all of those kinds of things to grow grow grow grow grow rather than just simply churning out tax returns uh and so that that can be that could be the challenge of this situation but there's tremendous upside and i love the idea of what you're doing yeah yeah and you could use those slower seasons to work on those the skills and clinic client acquisition yeah it's uh but this is a really good move i definitely would do this hayley is with us in dallas haley i'm short on time go straight to your question yes uh hi i'm i lost my job in september as a director uh making 130 000 uh i'm talking to a recruiter today for a senior director position fortune 100 company i'm trying to negotiate a higher salary but i'm not sure how much i should negotiate for have you done your research on what the company pays what the position pays any of that kind of digging yeah i've looked online and i'm not really sure what to trust as far as the numbers go but i i indicated i wanted a 148 000. okay so you've already put a number out there i did she gave me an offer today for 125 000 which was really low and i told her it was that i really wasn't uh but i was interested in a higher salary than that i just don't know since i you know lost my job and i haven't really gotten a lot of callbacks i just didn't want to settle for something low but i don't know what's the right salary well if you're worth 150 in the market i would wait unless you're unless you're having trouble paying the bills have you got some backlog have you got some money um yeah i'm doing good okay yeah then you know don't take it lower job just out of lack of confidence then but the question is you need to do a detailed comp study and uh you know more than one site on the internet can help you do that there's plenty of places we do comp studies around here all the time on what a senior director in that region where that company is is being paid and present that back to the headhunter and say look this is what the comp study says it says they're 25 000 low that puts us out of the dave ramsey showing 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 hey it's kelly associate producer for the ramsay show this episode is over but if you heard about an event product or service and didn't have a chance to write it down don't worry we list everything you've heard about during this episode in the podcast show notes section or head to thermzyshow.com thanks for listening [Music] you

Channel: The Ramsey Show - Full Episodes

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Keywords: dave ramsay live, dave ramsey, dave ramsey channel, dave ramsey live, dave ramsey live show, dave ramsey live stream, dave ramsey podcast, dave ramsey radio show, dave ramsey show, dave ramsey show full show, dave ramsey show live, ramsey, ramsey solutions, the dave ramsey show, the dave ramsey show live

Id: x9rmE771618

Length: 121min 50sec (7310 seconds)

Published: Tue May 25 2021