Stop Making Excuses For Staying In Debt!

[Music] this is the ramsay show [Applause] you can be intentional about your character you can have money and a career you are the hero in your story [Music] live from the headquarters of ramsey solutions broadcasting from the dollar car rental studios it's the ramsey show where 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 rachel cruz ramsey personality number one new york times best-selling author multiple times and my daughter is my co-host today we'll be answering your questions about your life and your money open phones at triple eight eight two five five two two five the advice is free and some say it's worth every penny triple eight eight two five five two two five arnel is gonna start us off in california hey arnel what's up in your world hello it's a pleasure speaking with you youtube shed some light on my life i'm very excited about it basically paying off our mortgage that's where we are and building wealth nice so my question is we are about ready to sell a piece of real estate which we've owned for 30 something years and it will go for 1.5 million approximately we've just got our first offer and we split that with my brother-in-law since we co-own it with that money let's just say 700 000 we're gonna pay off another rental property and our primary residence and then we'll have about five hundred thousand dollars left i hate it when those are i know we are 65 and 68 so we're in that stage of our life and we're not quite sure what to do with that money what do you suggest so that means you're at baby step seven you're millionaires and you've done it you're good shape you've you're completely debt free and you got an extra half million dollars that you just have to figure out what to do well you address it to dave's cabo fund and you send it no i'm kidding okay why are the money to the cayman i started writing that down i'm so proud of you guys well done arnelle do you feel like do you feel accomplished because you should i i do i came from nothing you know inner city projects of new york and we've really done well so i'm very excited what were your careers currently we both own our own business my husband and i are both prosthetists so we make artificial limbs for amputees wow and then i have been a special ed teacher i've been a homeschooling mom a prosthetist and now i own my own gluten-free organic baking mix company which i am about to sell wow yeah nothing's stopping you that's amazing all right well there's only three things you can do with money that's give it enjoy it and invest it so that you can give it and enjoy it and so we always recommend with money that's laying around that you are intentional with it that you give it a give it an uh an assignment uh before it gets there because if it gets there and you don't give it an assignment it can slip away and so you say we're going to enjoy by going on a trip or buying some item or some lifestyle decision some of this money and it's x number of dollars and we're going to buy this thingy with it or whatever it is you write it down and we're going to uh we're going to be generous with it we're going to find some people that uh need some help uh like where you came from and you say we're going to help them get started we're going to help them with their life whoever that is and that's outrageous generosity and then we're going to uh obviously invest some of it uh and you can buy a piece of paid for real estate which is what i do or and or you could invest in good mutual funds which is what i do but what a great story no it's amazing arnold do you guys have kids yes we have two daughters and grandkids maybe two okay any grandkids not yet not yet okay no grandkids yet but for your two daughters yep that's wonderful well i mean i mean i feel like that this is always just oh go ahead i have a question about index annuities somebody was telling me that one called like american national that's like a fixed index flexible premium that has this range but you can never lose the money if the market crashes any thoughts about that yeah there's uh yeah i wouldn't do fixed annuities but a variable annuity might be a play and it does give you a protection of principle and it'll even give you a floor on a minimum it will make however their fees are higher and so you're going to pay more fees there than if you buy a mutual fund and basically they're going to require in most cases that you leave the money in there long for a long period of time or otherwise you're going to have surrender charges and if you have the surrender charges then um uh uh you know if you had left it alone five years in a mutual fund it wouldn't have gone down anyway on average that's why they're able to make that guarantee so uh i'm 60 i don't have any variable annuities but i'm not worried about the stock market i'm not worried that i'm going to lose money i'm going to ride out any downturns from there is there ever a time frame to do a variable annuity this would be it if you were going to do it uh it's the only time only after your home is paid for and all your other retirement stuff's maxed out and it grows tax deferred it sits in there and grows but again you don't really have good access to it and the guarantee that it makes you know if you look at the historical data on what the stock market actually does actually does you don't really need that guarantee if you're going to leave alone five years or seven years right use that right so you're gonna get you're gonna make a floor of five percent or more if you didn't it'd be the first time in the history of the market you're gonna get your you're gonna at least make your principal but if you want to sleep a little bit better and you don't you know you want that guarantee i'm not mad about it i i'm okay if people buy these i don't want you buying them for your iras and stuff like that because that stuff's already got stuff got you know it's already built in and so um we don't need to do principal protection on that stuff but if you want to with this some of this money that's fine but i think the thing i want you to leave with her now is you should do all three things with the money i don't care what the amounts are but you need to spend some on you and sometimes people like you don't do that enough you've done a great job we hear that a lot especially people that have sacrificed and have worked decades literally and i mean she's in southern california right even true i mean it's so her i mean if her house is paid for there you know it's been a long time that you know they've put money towards you've been diligent and then to be able to look up and actually have the freedom to spend it's like it's a muscle you have to learn to grow if you haven't already yeah and sometimes the generosity muscle outrageous generosity you know sometimes people think generosity is five bucks no not not when you're sitting on that kind of money that's not generosity that's cheap so no i mean you need to find about about five or six single arms and bomb a car you know or something like that that kind of thing you need to have some fun with the generosity piece of this and get all down in somebody's business and really help them and um you know we've all had people help us over the years in different ways sometimes it was encouragement sometimes it was an actual dollar amount uh but that's that's why you do this and so make sure you're doing all three things with this yeah but you've done such a good job so proud of you this is the ramsey show [Music] [Music] stop paying your overpriced wireless provider and switch to pure talk they use the same network as the larger providers for much less for just 30 a month get unlimited talk text and six gigs of data with no contract the average family saves over 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] [Applause] rachel cruz ramsey personality is my co-host today she is the author of the new bestseller know yourself know your money new york times bestseller discover why you handle money the way you do and what to do about it the know yourself money assessment is uh twenty dollars for individuals thirty dollars for couples great for couples that want to get on the same page you get your money profile and beliefs your money classrooms how you grew up your money tendencies and fears and motivations and attitudes and actions it all prints out and you will look at your spouse and go oh that's why you do that so be sure and check all that out no parent ever wants their child to experience the panic of being unprepared for an emergency well we've got your back with our digital self-study courses for teenagers you can rest assured that your teen will know the right way to handle money no matter what curveball's life can throw them best part is no instructors needed if your teen has a tablet or a computer they're all set parents text self-study to thirty three seven eight nine self-study to three three seven eight nine and you can learn more about the different courses we have for middle school and for high school you'll see rachel cruz featured on most all of those jimmy is with us jimmy is in st louis hi jimmy welcome to the ramsey show hey dave hey rachel thanks for taking my call sure what's up i am uh basically just laid out there i'm 27 years old um i have no debt other than a mortgage i bought this house back in march and i have about 49 000 left on it wow i have a home repair that set me sent me back from step six to step three um i'm currently sitting on about thirty thousand individual stocks outside of 401k and uh i'm just kind of i'm trying to figure out what to do with it do i replenish my emergency fund and reinvest the rest of it uh just pour the rest of it back into my mortgage do i reinvest all of the uh these stocks with mutual funds um i i'm just wanting to get your take on it yeah well our general rule of thumb is always not to own individual stock because majority of your of your net worth and so i mean we always say you know if all your eggs are in one basket right i mean just the idea of diversification is so much better when it comes to investing so like you said mutual funds is the best way to go in that case so if i were you i would yes cash out those individual stocks replenish baby step three and then go right back down to the baby steps which would mean a lot of that probably will be in baby step six for you especially if you've maxed out baby step four already all of your retirement what's this house worth uh i bought it at about 70 000 it ended up uh having to have a few repairs uh the appraisal came in at like 80. um so good for you okay so what do you make i make us about 58 after taxes okay so what is the uh how much does it take to replenish the emergency fund um probably another eight thousand i i've been trying so i would put eight thousand and that and twenty two thousand on the house okay and then you're gonna be done with your house in under three years exactly what rachel said okay yeah that just walking right down the baby steps you replenish that emergency fund and then just lean in on that house dude you're so close and as young as you are you're in great shape you have done a fabulous job touchdown baby good job jeremy's with us in oklahoma city hi jeremy welcome to the ramsay show hey david rachel how are you great how can we help yeah i'm a second lieutenant in the air force uh and i'll be promoting to first lieutenant here in september my wife and i have been loosely following the baby steps we just moved from pensacola florida to oklahoma so we had some moving expenses we had to save up a little bit more than a thousand dollars to start with um in the apartment we got here in oklahoma it's kind of inadequate and we were ready for a house so we sort of jumped the gun a bit and bought a house when we still had about 5 500 left to pay on my truck but that's our only debt so i guess my question is now that we have a house and more can go wrong would you suggest throwing everything available at the truck to go ahead and get it paid off or increasing the initial emergency fund before we uh pay off that truckload jeremy i'm just curious what what about the situation for you guys were you guys in a house in florida and then you moved to an apartment and you just kind of got restless i'm just curious kind of the the why behind that decision to jump the gun you guys were just kind of discontent sure thing uh so we just got married in december we were in an apartment in florida uh which really we actually really liked and then the apartment we got that was available when we got to oklahoma uh you know air force moves us when they decide to move us um the only thing we could find was was not the best um this is an example our apartment smelled like wheat all the time neither of us smoke it was just seeping in from the walls of our neighbors basically and then there were some some issues where we were having trouble getting maintenance done in the apartment because the maintenance guy lives next door and he was high all the time [Laughter] and as part of part of our military pay we do get a housing allowance and we were able to find a we were able to find a house that was within that housing allowance yeah we're in a 30-year fixed va loan um and as i said i'm going to promote here in september uh so my my take-home pay yeah after taxes will increase by about a thousand dollars a month and how much will that how much will that be a year um so right now before the before the promotion it's about 50 000 a year after tax uh so it'll be up to about 60 000 a year after tax and that's just my income my wife als another reason we decided to jump the guns my wife just got a job on base right now she's making 12.33 an hour but it fluctuates from 20 to 40 hours a week so we didn't factor that into a budget my my income pays for all of our expenses okay okay so the rule of thumb when it comes to buying a house the reason why we always say to wait is because probably what you're learning pretty quickly is that owning a home is expensive right it's not just the purchase of the home it's everything else that kind of goes into play but whether you're a homeowner or not still focusing on the debt and getting that truck paid off as soon as possible is going to be your main focus so i would not up the emergency funds keep it at a thousand and if something comes up and you have to pause paying off the truck to save up to fix something in the house then that's what you have to do but besides that still attacking that 5 500 and then building up that emergency fund so so again the reason for everyone listening is that when you still have debt and you don't have a lot of savings and you buy a home and something does break it just makes the whole situation stressful it's more of a curse than a blessing of what a house should be it just doesn't bring that peace so for you guys i would just say jeremy to make that be extra motivation to be like all right we're gonna get this truck paid off fast we're gonna get some cash in the bank to save up more so that we're not kind of ugh because you you feel it you said we're jumping we jumped the gun a little so you're feeling a little bit of that stress i know so thank you for your service um i think rachel's right but listen listen dude here's the thing okay you're screwing around with this stuff you're running around making up your own rules and in your head what you did was smart and it wasn't smart you did it out of order yes you jumped the gun but you're not concerned about jumping the gun and you should be you screwed up and so don't screw up again decide you're gonna work these baby steps exactly and with military-like discipline one thousand dollars is baby step one beans and rice rice and beans i don't want to see your butt in a restaurant until you get this truck paid off unless you're working there's your extra job and the fact that you're making more money is not an excuse to be stupid and it's not an excuse to get things out of order so you gotta tighten up man and uh it's time to do that now you can do that or you cannot do that you're a grown guy you get to decide what you're going to do but you called here and asked us what to do and so what you're going to get is a proven plan that millions of people have done you don't need to fix this it's not broken you need to just execute on it exactly and with discipline and so the fact you know all the people most the people working baby steps one through three have a house and they all start with baby step one being a thousand dollars yeah but what you're feeling in your gut is the fear of something breaking in that house into rachel's point that's exactly why you shouldn't bought the stupid house because you're broke and when broke people buy houses stuff in their house breaks that's how this works that's why they call them mortgage brokers and real estate brokers it gets you broker and broker and it's not a blessing so you know you need to roll up your sleeves and tear your tear into this thing man tear into it and get that car gone get that emergency fund built by christmas get it done this is the ramsey show [Music] great [Music] [Music] rachel cruz ramsey personality is my co-host today open phones at triple eight eight two five five two two five right here in the lobby of ramsey solutions on the debt free stage james and megan are with us hey guys how are you hey we're good how are you better than we deserve welcome and all the way from where do you live charlotte north carolina to do a debt-free screen how much did you pay off 249 756 dollars and 57 cents ding ding ding way to go how long did this take three years three months and 20 days wow that's a lot in a fast yeah what's your household income during that time the range um it ranged it started at about 120 and um we're on track to probably clear a little over 165 000 now excellent way to go what do y'all do for a living i'm a project manager and a real estate and a real estate agent on the side um i'm a deployment engineer okay excellent software so what kind of debt was the 250 000 everything uh we had medical bills we had credit cards car student loans was most of it my fault okay wow how long you all been married uh almost five years almost in october so not long after marriage you look up and go oh my god there's a lot of dad we gotta do what happened tell us the story our daughter was born that's a wake-up call yeah no pun intended some of us were dragging our feet a little more than others um but um i came home one day and she said i paid off the medical debt from our daughter and i said how did you do that we didn't we didn't have that money and she said uh that credit card that the uh the bank gave me um that's connected to the house equity um i paid it with that and i said you did what this medical debt had no interest and you just put it on something that's got interest and i ran into the office grabbed the paper shredder down the middle of the floor and we had a shred party right there whoa a debit card got shredded in the process too anything that was plastic yeah the whole driver's license everything yeah oh my gosh i was yeah i was done okay oh man sounds like a big fight oh yeah there was there was more than a water bill got paid on it yeah yeah for you it was just hey i'm gonna try to help that's right the process you said you didn't know it was a little bit of an ignorance absolutely yeah okay so the meltdown and the the famous shred night and then what happens and then um we my dad actually had purchased um financial piece for me years ago and it was on the shelf so that came out and we started the journey on our own oh wow then we um we found a church group that was doing one and we went and and did it with the church group and wow we became coordinators and started teaching our own classes to kind of keep ourselves accountable that'll do it and um we're still doing classes today nothing like teaching something to make sure you learn it oh yeah yeah wow way to go you guys yeah yep we're doing three and we're on to uh four five and six wow amazing so well done yeah how does it feel great it's like a giant weight lifted off my shoulders i when i graduated college with all that debt i honestly thought i would never i was i was hesitant to get married have kids because i saw this massive amount of debt and i was like i don't want to put this on anybody else and i'll never pay this off and then when i met her i was like well i can't let her go and so i got married and i figured we're going to figure out how to get through this and then so it was like 200 grand in student loan debt oh yeah yeah he went private school cross country oh yeah just a whole enchilada baby megan actually called your show i did oh what did i say after you were nice you were surprising on some of the stuff you said but um we got a call from i didn't warn her about my student debt and they called her because i was delinquent on a lot of it and they said um we're willing to settle a hundred and twenty thousand of it for eight thousand dollars and yeah on student loans yeah did they do it they did it yeah and but what they did is they took the they took the principal balance and they took 10 of the principal balance and settled for the 10 of the principal balance wow and we did it we got it all in writing she called you you told her yeah do this deal before they changed her mind yeah um she said we didn't have a credit card at the time we didn't have a grand at the time we didn't have eight grand at a time so she said you know should we get a credit card to do this and you explained like yes today you have a hundred you know 120 thousand dollars on debt tomorrow you have eight grand and an irs issue right um and it's totally worth it i mean i can't i can't tell anybody enough if you're hesitant about this or you think you're doing dave-ish or any of this stuff you know stop stop doing all that just go all in and submit yourself to the process yeah do it so you guys were newly parents though new parents and you kind of started this we are our two oldest um are from a previous marriage okay okay i'm sorry i'm sorry yeah but you had had your daughter though which was kind of the wake up call yes so so what was the hardest part cause i'm like i know it's it's hard right when you when you have a new baby and you're trying to figure out life it's expensive all of it so what would be what would you say to people that had their first baby and they're realizing wow we got to get our money in order yeah um i mean we we really don't we we would go on family a family vacation a year and we usually went with like a parent and they kind of helped us along the way um we would budget to save for what we needed to save everything but we we really we didn't really go out to eat we we just ate in and we had beans and rice some nights with the kids and yeah um like i mean our our children um you know they they would only get to play like one extracurricular activity a year like we couldn't do everything so they've sacrificed you know right there with us but it's totally been worth the sacrifice i mean it sucks seeing your friends and other family members do all these extravagant wonderful things but now like we can go do those things um they're in debt and you're not right that's right you don't have to when we come home from vacation we don't have to keep it with us yeah it doesn't follow you home that's right it's awesome i mean guys you know the key that i tell people is contentment teamwork and focus that's good and uh if you can just do those things then you can get through it i know it seems like a lot but you can i promise you can get through it yeah and it's kind of a it's a it's a contentment that goes hey it's two years three years you can do anything hold your breath for three years and i went to college for three years so i could do this for three years why not clean up college wow amazing guys you guys are so i'm so proud of you great well done thank you who were your biggest cheerleaders outside the two of you my dad was a big one yeah yeah got the fpu kid off the shelf and blew the dust off of it our children were big cheerleaders um because they knew at the end of it you know they they get their own room and and we're gonna you know work on getting that for them and um going on vacations and disney we've promised disney at some point we're gonna do that we got a budget for that okay very good so fun well we got a copy of the legacy journey for you that's the next chapter in your story for sure onto being baby steps millionaires before you know it you guys are right on track well done well done well done you make great money you got no payments you got control teamwork contentment focus game on man game on copy the total money makeover too for you to give away to somebody i'm sure you know that way a lot thank you thank you we'll let one of them be free from you thank you thank you very much well done james and megan from charlotte north carolina 250 000 dollars paid off in three years and three months making 120 to 165 count it down let's hear a debt-free screen before we do this so i want to thank you and your team personally as well thank you all right three two one [Applause] rachel somebody out there is looking on their bookshelf and they see a dusty financial piece university kit and you need to pull it off right now this is the ramsey shop [Music] [Music] [Music] [Music] [Applause] [Music] [Applause] [Music] rachel cruz ramsey personality is my co-host today number one best-selling author new york times best-selling author of the latest book know yourself know your money discover why you handle money the way you do and what to do about it dan is in modesto california hi dan welcome to the ramsey show thanks dave how you doing better than i deserve how can i help so i'm just having a little bit of a qualm right now with trying to decide where to go okay i am a plumber right now as service plumber i work on commission because i've found that really the best places to work around here and make decent money is uh to be on commission based now that means a hundred percent of my income is commission okay i have no base salary so my my income varies very wildly what's your worst money my worst month was about uh 3 000 take home what will it be in the next year what will be your worst month in the next year um probably about 2 000 to 2500. why why would you have a worse month than your worst month ever so far and you've been doing it a while it should be bad well it this is true okay so what's been your best month my best month has been uh eight thousand take home okay so three to eight thousand is your range that we're working with right and so that's wildly okay how much is your rent 15.50 a month okay and your question is what so i've been trying to work extra to try to to make sure that my worst months stay as minimal as possible meaning you know i i don't have those bad months uh the only problem with that is i the way we do it is i work on call so i would be on call over overnight or and then on the weekends but if the calls don't come in i don't really i don't get paid anything for just being on call right so i'm wondering should i continue to work these extra shifts and you know hope that the calls come in or should i maybe look somewhere else where i would be making much less per call because i average you know if i'm actually working on the weekends i average about 45 dollars an hour to 65 somewhere in there depending on the job or should i take a job making way less an hour but it's guaranteed dan where are you like when it comes to debt savings like what you're just your financial picture what does that look like yeah so we've got about 54 000 total debt um we're renting right now uh so we don't have the mortgage and um we have we have a thousand our thousand for baby step one in the savings and then i've got a thousand in the checking right now that i keep there because i don't know what my next paycheck is going to be so i want to keep that just in case utilities are a little high or something like that yeah yeah well when it comes to understanding just the budgeting process with a commission based um i don't say salary because it's not salary your own commission um is is mapping out priorities and so those first four things being that rent your utilities transportation and food and so like these are the things that absolutely have to be paid every single month like we have to have money for these things to survive and then everything else under that i would list in priority uh this is the next this is the next thing we need next next night all the way down and the goal would be to get to a place because there is such a swing for you that on that you can live off of that budget that of okay if everything if we could do everything we needed to right we could live off this budget and then on the months that we make more than that we put we put it away and in a different you know it could be in your checking account it would i don't care what it is for the down months you can pull from that it's kind of that slush funds that you're keeping month to month and people that are on commission there's a level of that that you need um to be able to for that to be your safety net so i would do that and then as regard to your question on which job uh you should take if you do do the hourly or get a lesser paying you know hourly position somewhere else um i would map out i mean on average how much are you making when you're working overtime with that plumbing company where you're making more and just see over maybe a three month period clocking exactly how much you're making extra and then run the numbers that if you're in a lower paying job how many hours would you be working to make that type and kind of just kind of like your cost analysis yeah that's what i would do here's what i'm hearing you didn't grow up in a commission-based or self-employed family you grew up in a family that was salaried and so this is scaring your mom and dad and it's scaring you because no because you don't know how to emotionally process these swings much less to how to handle the math the math rachel just told you how to do it with prioritization um and so the way to back off and look at it is this everyone is on straight commission if you're on salary and you don't go to work they quit paying you they fire your butt right you know and so you know everybody ultimately is on straight commission and so the way you've got to look at it is overall so what i would do i heard a couple of concerns one is i heard the unpredictability's driving you nuts you can't tell how much of the overtime and how much of the on call to take and how much not to take and you feel desperate because of the volatility to take all of it and it's keeping you working all the time only you don't work all the time because on call sometimes you're just sitting there and you don't get the 45 bucks an hour uh and so what i would do is say all right i'm going to make a couple of assumptions in my business model here assumption is number one is i don't want to work all the time okay so how much do i want to work and so you would take some overtime some on-call shifts but not as many as you're taking now are not as many as you're taking when you get good and scared okay and just say over the scope of a year i want to work this many hours okay now you're you're working 40 plus these on calls right correct okay and so if you're on call you know you're you're on call as much as 80 right right so i would back that down and say all right i got a wife a kid i got i got a life and so i'm gonna work some on call plus my 40 and so i'm going to work 50 or i'm going to work 60 for the next three years and i'm just going to dial it up and back until i get to that each you know i'm going to take the premium extra 20 hours of on-call but not the not the 40-hour of on-call you don't have to do that today if i'm going to do that as my assumption what's my income probably going to be and you can estimate that very close you've got a lot of details based on what you told me and that is your household income or that's your income for this career and uh it sounds to me like that that's about a 70 or an 80 000 a year job you have the ability to make 120 but you're working an unreasonable number of hours to get there so you're probably in an 80 000 with some ot some on call is that a fair guess yes yeah so no you don't take a 40 000 year job when you're making 80 to get quote unquote stability because what i just outlined really was stability dan that's a very predictable environment that i just outlined and you can go do that so um that's what i would do man i think but i think you got to lay it out like that and then you say all right what's the minimum we've got to have every month to eat and what rachel said you lay out your priorities we call it the four walls food shelter clothing transportation and utilities before you do anything else you lay that down exactly in that order and then everything else is listed on a to-do list based on priority number one is where all the money goes until extra money past the four walls until it's done then number two when number two buckets full spills over to number three when number three is full spills over number four and that's how you're going to work off your debt is doing that now having done all of that you may choose to crank it back up to 80 hours for a period of time as gazelle intensity to attack that debt but at that point you're doing it not out of desperation due to the ins the emotional insecurity of the variable income or the unpredictability of it you're doing it because we're attacking debt with a system then that's it i mean it's that's exactly it the feeling which is very real of holding your breath every month thinking oh god we're gonna be able to pay the bills we're gonna do it once you have that plan in place and you're in that formula that settles down there you go that puts this hour of the ramsey show in the books our thanks to james charles our producer kelly daniel our associate producer and phone screener i'm dave ramsey your host and we'll be back [Music] 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 the ramsay show.com thanks for listening [Music] four three 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 studio this is the ramsey show it's where america hangs out to have a conversation about life i'm ken coleman joined by my colleague dr john deloney we are ramsay personalities and we each host shows on the ramsey network and so we are here with you this hour to take your calls triple eight eight two five five two two five it is a free call triple eight eight two five five two two five dr john delaney will take calls on your mental emotional health relationships we'll talk about ugly work stuff because that's what i talk about uh and we'll take your career questions your work questions hey ken i'm on the ladder i want to get up the ladder i want to get promoted i need to get started in something else whatever it is and of course we're going to take your money questions john and i love to be together doc always good to be on the big show with you too man it's good to see you i haven't seen you for yeah about 12 hours i know we're fresh off a wonderful time uh in dallas texas with entre leadership summit it's always fun too to be in a room 2500 liters that was fun fired up to get better and entree throws a party yes they do so so much fun triple eight eight two five five two two five is the number let's get it started with crystal in las vegas nevada crystal how can we help hi thanks for having me on well one of the issues i have is that i've been at a company for like two years and i'm not really getting promoted in my career and i want to move to another city to get a better job but my boyfriend doesn't want to move and we want to get married now if i stay in las vegas i can't work anywhere else because as a journalist we have these things called non-compete so it's either i stay here and get out of journalism or i move and kind of break up with him yeah well let's talk about you for a second well let's forget about him i'm not real thrilled with him but we'll get to him in a moment john i might have doc weigh in on this from a relationship standpoint that's his area but i do want to get really clear on what your dream is in this other city and why you want to go there i want you to tell yourself not just us why do you want to move forget him why do you want to move why is that important because i work a really tough schedule i work like midnight to 8 a.m wednesday through sunday and i fall asleep in church and i don't really have much of an outside life out of work so i want to find something with a better schedule and that i can kind of move up the ladder with go why why'd you get into journalism because i feel like everyone needs to have their story told and i wanted to be a representative for people of color in different communities and to make sure that everyone's accountable why go one level deeper i love that answer tell me why that's important to you because when i was growing up in new orleans and hurricane katrina happened i felt as a person of color i was personally ignored and no one was paying attention to me and that inspired me to perceive this career in journalism in which i tell the story of people who are at the bottom and who are being ignored in society john that's a why hey that's a why that one's wired into your soul that's from your story so here's the deal the reason i just walk you through that is because you need to have that front and center right now john's gonna walk you through the relational piece uh but i wanted you to hear you share why it's so important that this this isn't a move just for a job this isn't a move to make your boyfriend uncomfortable this isn't about you and selfishness this is about your purpose this is about your why you need to make the move john i think she makes the move whether he comes or not and if they're talking marriage and he's not willing to make a move because of that why i got some real problems john help me out i'm the same so crystal walk us through i'm going to call him a knucklehead and that's a that's a that's that's my neutral right that's pretty gentle it's right down the road in the middle of the road for me tell me about this knucklehead what what what what a part about your life mission is he not resonating with well i mean he's been here for a long time like this is his um home city so i definitely understand it everything that he knows and loves is here part of me doesn't want to move either i actually like the city it's just that i'm not really progressing here at the current company that i'm at how long has your not compete for for a year a year have you sat down and dreamt about and i'm i'm wandering back into ken's world here have you dreamt about other ways to tell stories of marginalized people that that would allow you to get some experience and some skills and then in 366 days you slide back into this role yeah i thought about starting a small small community newspaper for um and a kind of lower income area of the city here crystal how much money do you need to make not really that much it's not really about the money well i understand i understand sanity sure you got to pay bills though yeah we got some realities how much money do you need to make you're not married remember the so this is a boyfriend he hadn't put a ring on it yet how much money do you need to make probably 50 000 okay i just want to be real honest with you uh john's asking you the right question there might be some other ways to get to where you want to get to besides moving from vegas to this job however they've got to be realistic and you're starting a community newspaper you're not going to make 50 000. you're going to lose 50 000. yeah that is a that is not a reality and i don't want to let you think that that's a reality right i want you to go back to the question john yeah you didn't answer the question you just talked about how you understood his point of view because he's always lived in vegas and everything he loves is in vegas well it's about ready to not be the case and if he loves you uh i want to know john asked you a really good question what part of that vision that you so beautifully shared with us does he not get excited about he just doesn't see the need for me to move he kind of believes that i should be able to start my own thing here whether it be like a website tv station newspaper et cetera i don't think he really has a grasp of uh yeah a reality of journalism yeah you know he needs a grasp of two things number one uh how media like that actually operates how long it takes to get up and running how much money it spends off and oh by the way you have to take care of yourself you're not relying on boyfriend i think this is a sit-down conversation john where it's like this is my vision now to john's point i don't think you have to put all the eggs in this basket of moving out of las vegas however this move to this new position moves you up the ladder that was the word i got most excited about ladders what's great about ladders is as we move up we have other options to move to different places you could come back to vegas but the reality is crystal you are capped you have a lid on yourself your words your reality it's a lid where you are now and if you don't leave soon to do what you know you're supposed to do whether it's this position john where she moves out of vegas my concern is she's going to begin to resent the boyfriend and i see that over and over and over people a they don't have the the why conversation they don't get to why it becomes a job i want this title and that's not a reason to move it never but when you're that wired into who you are and your mission on earth then that's a sit down conversation because five years from now 10 years from now that's when the the the fires of resentment will burn through that relationship and it's hard to maintain when you have a mission in life i'm gonna tell you this right now i wouldn't marry anybody who wasn't on board with what i believe god created me to do sorry hey don't move more ramsay show coming right up [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] [Applause] [Music] [Applause] [Music] rachel cruz ramsey personality is my co-host today open phones at triple eight eight two five five two two five you jump in we'll talk about your life your money let's go to jim in st louis hi jim welcome to the ramsey show what's up hey dave long time listener first time caller uh sure appreciate everything that you do for people well thank you especially me and my family i am me and my wife are 58 and i am i've been in the oil and gas industry for 34 years and just going through getting a severance package that will pay me to the end of the year and my question is i've talked to my local financial advisor and uh to bridge the gap to get to 59 and a half so i can start drawing my uh 2.3 million that i've saved because of you way to go i didn't give you any of it you did it good job dude it was you it was you um so uh i just wanted to uh we we've got a paid off house worth about 340 and don't know anything to anybody and look at your main question my main question is to get through this i i've just been in this industry that has been 24 7 and i'm just drained and uh to take a break and and and get through this next uh 16 months that i need to get to to uh to reach that that goal or the that milestone of 59 and a half what'd you do on the rigs uh actually i i'm actually in more of a retail oil and gas i was a general manager and so that's that's where just the corporate life has changed so much and i and and i haven't and uh it just was time to separate so i got you i got no issue with that but you've got all these years of experience can you not contract and do something for 40 hours a week for 16 months well i've got i've got a in order to get the severance i've got a two-year non-compete that pretty much limits how much is your severance uh it is four months and how much is that uh 35 000. i wasn't very generous okay so you gave up two years for 35 grand pretty much yeah i've got about 25 grand in roth that i can pull from without a penalty and um i had always talked about or thought about doing some real property and uh just never really got pulled the trigger and so i've got some advice to to if i need to to use like our home equity to get by to the 59 and a half and then once i get to there you know that whatever we we have to use from that you know that made me just throw up a little didn't you yeah i didn't make me too but i just i was just the best i don't know who's giving you that advice so i'd run from them whoever they are they're an idiot you're the guy with you're the guy with over a three million dollar net worth not the idiot telling you to go get a home equity loan okay oh my god why don't you just get something to do and earn a little bit of income for a little bit even if it's not even if it's not in your field i don't want you to go work at walmart as a greeter that's not what i'm talking about you're worth three million dollars but but um you know i mean it seems to me that you've got a substantial amount of skills that you could be a consultant to someone in something for a short period of time here and be a very big help to them and maybe make 50 or 100 grand and just eat on that a little bit and put your 25 with it and work it through because you don't have a dime liquid except your emergency fund is that right right i've got about 30 in in the emergency fund and then i've got 25 and then you got this 35 severance coming correct yeah and so you got about 50 grand to work with and so you need another 50 60 grand to get through the six months right or 16 months 16 months yeah i mean your wife work outside the home yes she does what does she make she makes uh 75. why can't y'all eat on that man yeah i mean that's that's why i'm saying i'm not i'm i'm i'm just really the conservative guy and i just wanted to make sure that if i don't do anything that i that we're still okay obviously we well you can make it it's going to be tight and it's going to be a reduction in lifestyle because you're used to making bank plus her 75. and now you got 35 and 20 plus her 75 plus whatever you can scratch around and get as a consulting gig until one of you hits 59 and a half and you could begin a drawdown but but i'm not going to tell you to go borrow on your home equity loan dude dance with a girl that brought you here i'm with you i'm with you i i we put two girls through college they made it out of college debt free and we're just so proud of that and them and uh i'm proud of you man you're a freaking hero and last thing i want to see some hero go get a home equity loan so i'll fight you know but i and i i think what's happening is too you're a little bit um scarcely mindseted no um you're so tired um i just hear emotional exhaustion do i am i hearing that right yes sir and so when i tell you hey just go do some consulting you're like i don't feel like getting out of bed shut up man i finally got out of there don't make me do that [Laughter] that's kind of what i'm hearing in your spirit and i think this is still fresh enough so i'm gonna i'm gonna propose to you that 90 days from now your emotions probably will have healed a lot and you'll be the other side of this ptsd feeling and um and i think you're the kind of person that'll be a little bit bored at that 90 or 120 day mark but right now you're still just kind of walking wounded you got you're kind of zombied yeah am i wrong no you're right and uh and do you want just permission do you just want permission when you called was one of your main points do you just want permission to be able to stay home with the severance with your wife working and that's okay like is that is that one was that one of your basis of your questions um yeah i'd say that was half of it probably yeah if you want to and you all can do that i'm okay with that yeah i'm not okay with the home equity loan and i'm really not okay with the that told you to do that so probably just called your best friend a but i don't really care no i i have uh everybody that knows me like my middle name is dave not not for real but that's how it could be because uh i if i wouldn't for you listen i'm not the hero in this story i just talked about it on the radio you went and did it yeah but it wouldn't happen probably if it wouldn't come to your encouragement and everything and i could imagine how i would feel if it wasn't for that well you're in great shape you deserve to take a lap you deserve to take a uh some time in this with your feet in the sand somewhere and um uh you know and just enjoy the ride and certainly with 59 and a half i want you to cash out about a hundred grand and just go do something fun uh you you've done a wonderful job building wealth you're a true baby steps millionaire you did everything we teach true everyday millionaire and um you know multi-millionaire uh and you just ran out of steam uh about 16 months early that's all it was and that's okay that's all right you still are going to be fine so yeah if you want to live on the income that you have and the income as rachel said you want permission live on your wife's income and the 35 000 and the 20 000 until the 59 and a half mark hits i'm happy for you to do that if you all can do that and you want to write that out as your budget go do it um i also think you probably could add another 50 or 100 grand easy to the top line of this thing uh working 20 25 hours a week consulting for someone somewhere that wasn't a violation of your non-compete because you you've just done big stuff for too long to not have the ability to lend yourself to something if you want to but right now today you can't hear that i can and i'm okay with that i've been right where you are i've been so tired i can't breathe your lungs hurt you just look you know it's just i get it so you're doing good work man and you you did it touchdown take a victory lap this is the ramsey show [Music] [Applause] [Music] [Applause] [Applause] [Music] [Music] [Music] in the lobby of ramsey solutions on the debt free stage evan and jessica are here hey guys congratulations how much did you pay off we got a 136 377. wow all right how long did this take three years all right nice cool and your range of income during that time we started at 36 000 and we ended up at 120. goodness gracious what do you guys do for a living i'm a project manager at a brand and software development company cool military awesome thank you for your service hey thanks for your support very nice very nice which branch uh army all right good what was the 136 thousand dollars in debt it was a lot [Laughter] we had copious amounts of student loans we had vehicles we had wedding rings a mattress yeah that was a thing you borrowed everything oh we did you're like normal some may say that yeah fun where do you guys live so we're originally from kansas city uh metro area but stationed up at uh fort knox oh yeah how long have you been married five years five years okay so you went two years into marriage just kind of doing everything and then what happened three years ago that he thought oh this is not working so um my aunt and uncle on my side they were telling us their story about how their they just got out of debt at our grandmother's easter dinner and so on the drive home we were like well okay we're we're going into it let's look at some podcasts and i actually i did a financial piece university about uh three years prior mm-hmm it didn't take sorry okay so i'm a repeater yeah it's fine um and so on our drive home we're like i think we can do this i think we can do this and we just dug in and we we just went for it um we were like we need to get that free um before we started family that was our main goal oh um and uh so we we actually did that because uh we have a baby on the way so number one's on the way so congratulations thank you thank you so um we shared that news with uh her brother and uh sister-in-law and they actually paid off their debt the next day oh wow they had enough to just throw it all on there i'm all in boom we can do that but yeah we just we went gazelle intense we just went for it wow wow okay so you're newlyweds without kids mm-hmm so the podcast gets it all started and is that what you do you just listen to the podcast over and over yeah we really did and i attended uh we started a class together for fpu but then we deployed okay and then i did another class with a friend of mine to get her started and then we've recently led a class so really just doing the classes but also the podcast almost every day uh kept us going and the debt free screams helped us keep going too and and now you're helping someone else keep going yeah we're trying to get you well done so proud of you guys thank you how does it feel to be free it feels amazing um our biggest push was just changing our legacies uh both of us come from families that didn't weren't really responsible with money lost homes went bankrupt and that was our biggest motivator was we didn't want that for our children um so yeah it's it's a huge relief to go into a new family like this yeah that's cool that's cool a whole new imprint yeah whole new family tree we're trying to generational wealth that's fine that's that's how it begins somebody's got to start it might as well be you right there you go i like it i like it good for you guys well you tell people now that you're coordinating a class you paid off 136 000 in three years what do you tell them the key is uh communication and also organization um because once you just have that first conversation together because we were both so do we talk about finances how do we talk about it but then we were able to bring you in as like a third party to get mad at if we needed to as far as decision making went yeah i knew i had it dave was a customer during our hospital yeah sometimes yeah absolutely he's papa dave it really got us just on the same page and then from there like he said we were gazelle intense and it really just helped us get aligned absolutely i was i was the free spirit i didn't want to talk about it at all so but you engaged you which is huge because that's a big part of this whole journey it's very i mean we rarely see married people up there with just one of them right absolutely they're both on it together and so both of you guys being engaged what would you encourage a couple out there maybe a guy is listening right now because his wife made him listen to this podcast and he's like i don't know i don't want to do this what would you say to him you just gotta ignore that side of your brain and and just start get out of your comfort zone try something new engage with your spouse about money because it is crucial in a marriage to be on the same page and uh it's no longer your finances her finances her thing your thing no it's it's it's together so from this point on i mean you guys gotta be on that same sheet of music and for the encouragement of that in your marriage would you say your marriage is an even a better place today because of that absolutely yeah yeah yeah absolutely yeah and now it's the wedding gift that we give all the time as you're wow thank you thank you very much i appreciate that no thank you it makes shopping really easy and and with him preaching that sermon at that and that with those pipes i think we'll just take a break next second let him let him i think he's got the principles media voice is phenomenal [Laughter] very well done you guys what was the hardest part ooh um i think when you would deploy just staying in communication um and payment fluctuates too with my job and his job that those moments where you're not together anymore just staying in line and staying on top of it i think was probably the more difficult moments we had absolutely yeah very very hard yeah wow way to go well we've got a copy of the legacy journey for you you're on your way to being baby steps millionaires i love it thanks and that's the next chapter in your story because that's your whole thing you're going to change your legacy and so legacy journey is a perfect book to give you guys and also give you another copy of the total money makeover help you with shopping and you can give that away and pay it pay it forward and advise someone else if there's a guy on the radio that anytime you need to be mad at somebody he's your guy he's your guy he can handle it i like that that's fun very good very good stuff all right evan and jessica we're so proud of you guys very very very well done congratulations a hundred and thirty six thousand dollars paid off in three years making 36 to 120 count it down let's hear a debt-free scream three two one [Applause] what a great couple i love it it's the dinks dual income no kids and that's maybe on the way did it now now baby maybe on the way baby baby is here here we go this is how it's done that's fun and uh you know incomes are going up and and isn't it weird though the process i never get over the process that all of us go through in our brain when we make the decision what exactly what what evan said uh you have to push yourself outside your comfort zone you have to engage in activities that you've never engaged in if you want results you've never gotten yep that's right if you keep doing the same thing over and over again expect a different result it's the definition of insanity and that feels like the comfort zone but it's also where things go to die yeah well and to have hope that what you're changing to is better than your present right so like you know it works like no one's stood on the stage and screened i'm debt-free and they're like i don't know i just don't like it like i think we're gonna go get a car loan you know i mean like you don't feel that there's a level lifted off like it works that's what happens and so when you do engage how does it feel oh it's awful i'm going to get right back as soon as i get out of here i don't like it i think as soon as i get out of here i'm going to the car i don't like it it's so great but like change though is hard you know you haven't said it but i'm like yeah the friction you know even um with my kids i switched their car seats a few weeks ago on accident and my three or my four-year-old now would not get in her car seat because in the other side of the car and i thought even a four-year-old doesn't like change right like it's uncomfortable people it is but the moment you say you know what i'm gonna force myself to be uncomfortable for a little bit because what i'm changing to is better than my present it's worth it so everybody go home change car seats right now change it up your kids your kids won't be happy that's not what we're talking about changing metaphors change is hard though it's a great metaphor i like i like the i like the teaching it's very good because it's mike your grandkids of course i like anything with my great kids this is the ramsey show [Music] [Applause] [Music] [Music] [Music] do [Music] rachel cruz ramsey personality is my co-host today number one best-selling author and new york times best-selling author of her latest book know yourself know your money you know we're talking about in that last debt free screen being on the same page with your spouse the know yourself money assessment is thirty dollars for a couple twenty dollars for an individual it's great for couples to get on the same page it takes about 15 minutes and it delivers you with 30 pages of personalized results showing your money profile and beliefs your money classrooms meaning how you grew up your money tendencies your fears your motivations your attitudes your actions it's not all what you're doing wrong it's what you do right and what you do wrong and just your way of looking at things and it gives you a communication tool to work with your spouse the know yourself money assessment one of the more popular things in the store at ramseysolutions.com how many of you guys are stressed out or hurting because your retirement savings is scaring you with all this stuff going on in the world well you need to have someone in your corner to help you with this you gotta have someone to walk with you talk with you teach you do you really have something to be concerned about or are you just in freak out mode because sometimes we all got a little drama queen inside of us right and me too so what we recommend is you have a smart vester pro in your corner we're not in the investment business but we have vetted and done detailed research on people who do investing out there do investing advice for you investment brokers and these are people with the heart of a teacher and they agree with us on what we teach so you're going to get the similar and same advice so click smart vester at ramsey solutions dot com or hit ramsay solutions.com smartvestor either one and um you can find a list of the smart investor pros in your area and one of them will sit down with you and help you with your stuff all right find out for yourself why blinds.com is the number one online retailer of custom window coverings you get free samples free shipping and with the new promos they run every month you'll save even more they give us our question of the day always use the promo code ramsey to get the best possible deal today's question comes from whitney in missouri i'm a saver and my husband is a spender we set up a budget when we got married and included an allowance for each of us to help monitor our spending he has been reluctant and not a good follower of our budget is having this allowance something that you suggest if so how much should we allot for our personal spending and how do i fix the issue of my husband going over the set amount oh man um well a couple things whitney that stood out in your question we set a budget when we got married so it's not like we said it last month so i'm curious how long the discussion has been how long you guys have been married because the incur my encouragement would be that you guys talk about it every month and the allowance is it a good idea yeah the word allowance is always weird for me but i always say to have a personal line item in your budget so for our family for instance there's a rachel line item there's a winston line item actually our kids even have their own line items now so i just know okay when we're spending it like this is this is where it's coming out of um and that amount is going to depend on your income and where you guys are in the baby steps so uh how do i fix basically how do i fix my husband well when you don't fix your husband i'm sorry that doesn't it's not how it works uh you do have to talk to him not preach at him but come at these conversations in a way that you can express what is going on in you whether it's frustration whether you're scared whether you don't know what to do whether it's you long for him to be more involved i mean expressing these needs in a way that is not um putting him down right like i feel like some savers which contend can be more of the nerds in the relationship can get very legalistic and it's this way this way this way here's how much money you have and when you do that to your husband like the dynamic changes it kind of goes from this like marriage to a mom to her son or something like it gets weird so um yeah like your language is that way not yours rachel the person in giving him an allowance yeah whitney this sounds like you're his mother yeah you were to this not as not his wife and so like he won't stick to his allowance it's like oh my god what is wrong so here's the thing you need to sit down again and the two of you need to decide what you want your future to look like and what you're willing to do to get to that future instead of he needs to stick to his allowance he's a dadgum grown man he should stick to his own allowance because he wants to hit the goals that he's agreed to square your shoulders bubba man up here okay that's not your mama this is your wife and you're supposed to be part of this team pulling the harness and so you guys need to look out there in the future together hold hands and go there's where we want to go and here's the price we're going to pay to get to where we want to go and we both want to get there so we're both going to pay that price and that includes i'm going to limit my personal spending to this and you're going to limit your personal spending to that and that's what we're in agreement to not i'm going to be you know schooling you up every time you misbehave so the bottom line is is i i don't think we did a budget i think you did a budget and told him what it was that's what it sounds like yeah yeah and so i think he needs to get his butt in gear and emotionally plug into co-leading this household this is your wife's son it's not your mama and so man up and take take that take your share of the responsibility and lady quit babying him he's not your little boy and that's the kind of thing that we're talking about here now that's language that people don't like in today's world well go listen to another radio show then because that's the way this really this crap really works i've done this for 30 years and so um you know you guys can sit down there together love each other love your future say gosh i'll do anything in the world for you except stick to my allowance see that that's the problem is the word means that you allowed him to have a certain amount of money and he didn't stick to it right well ain't your job to allow him it's our job to decide what we are going to do yep that's the point that's the way this stuff the the language in this reveals it all yes and what happens so many times in marriage when it comes to money is the spouse becomes the enemy right it's like well he he or she won't and yeah there's issues there and in a tactical way that if they are just going and spending tons of money you're trying to get i get that but instead of seeing your spouse as the enemy look at the things that are not being done or look at the debt like like have things out there that are the issue and you guys lock arms together and look at the problem your spouse isn't the problem um yeah and you know you do a great job of teaching about this on the budgeting stuff in financial peace university this idea that and i forget the you do better with the language than i do because i'm just kind of mean about it but this this idea that that um both of you have to step up and this i there's a lot of people had model had parents modeling for you and you took that model and it was a bad model and they they mean to they weren't they weren't bad people but um you know dad just worked and he never looked at the money and mama handled all the details and mama paid the bills and so dad was emotionally when it came to the operation of the household yeah subservient to his wife yeah or mom is like well i don't know my husband takes care of me i don't know what i'm and she's over here and she's deficit and is emotionally not plugged in and it's not being a fully developed grown-up in the situation both of you have to be fully developed emotional mature grown-ups pulling together for the same goal when we see that we see people change their lives absolutely that's that's it that's well said because both extremes are not good you're not going to get it on both extremes but this is not a mansplaining thing no and it's not a momsplaining thing no it's not trashing your parents thing it's none of that there's no there's no victim or entitlement stuff in here it's simply you are not listen i'm not good with money i just i let my wife handle and she's so much smarter than me you're not doing her a favor you're not a blessing to her and you even though you paid her a big compliment she wishes she didn't have all the weight of the decision-making on her shoulders well my husband's really good with this stuff his name is dave ramsey he knows he tells everybody in america how to handle money so i don't have to handle money those words never left sharon ramsey's mouth she wants her vote to count she wants her voice to be heard and and not in a nagging way no but she is not just take care of me i'm a little southern belle and you just take it she's not that woman yeah and because she's like a full-grown mature woman you know i mean oh my gosh this is what we're talking about here both of you step into this thing and then you'll go win well said this is the ramsay show [Music] did you know you can listen to the ramsay show on your smart speaker just tell alexa google assistant or siri to play the ramsay show podcast check out all ramsay network shows on your smart speaker today [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 [Music] live from the headquarters of ramsey solutions broadcasting from the dollar car rental studios it's the ramsey show where debt is dumb cash is king and the paid off home mortgage has taken the place of the bmw as the status symbol of choice i'm dave ramsey your host thank you for joining us america rachel cruz ramsey personality new york times best-selling author and my daughter is my co-host open phones at triple eight eight two five five two two five rachel's latest book know yourself know your money new york times best seller is all about how you discover why you handle the money the way you do and then what to do about it see we've talked for 30 years around here what to do now rachel's talking to you about why you do some of the things you do that are good and some of them that you do that are bad right yeah that's right but understanding your motivations when it comes to money really explains your habits why you make the decisions you make all of that so it unpacks everything from childhood to tendencies to dreams to fears all of it and it's it's so it's so fascinating i love this stuff i mean i love anything self-discovery because i just think we're complex people and you can kind of get to the root of things you're like that's why i do what i do you know and it's it's i think it's always fascinating so when you can grow and learn from the roots it will help you in all the things obviously that we've you've taught for 30 years of the how-to but a lot of this stuff you've i mean you've seen it like this book wasn't a shock to you or surprised well no but you took you took like you know i said nerd or free spirit spender or saver yeah and that's two of the constructs in the entire book um but there's something about um it's like a ramsey pastime family thing that we really do enjoy trying to figure out what makes people tick mm-hmm why so-and-so is doing what they're doing and how they do that and why and then and really so that's why we like assessments that's why we like you know disc and enneagram and strength finders and the disc in fifth grade i couldn't even read half the words i was like i don't know we're packing and we're moving we found daniel's your little brothers when he was 12. disc profile disc profile what is it he lied he laughed about it no he laughed about it because he said i didn't know what it was and he said so i just answered all the questions any old way and it's like a straight line it's like he's nothing oh funny and so now we do know what he is now he's a very high d very high d.i yeah a lot like his dad so but um that's so different on the enneagram though way different on the enneagram but yeah yeah so we've got these great assessments the know yourself money assessment that rachel and our incredible research team have put together it's thirty dollars for a couple twenty dollars for an individual what it does is it takes 15 minutes to take it it's and it spits out 30 pages of personalized results and it talks about your money classrooms talk about the money classrooms for a minute because i think that's insightful uh once you kind of know where you came from it helps you know how to get where you're going yeah absolutely well there's two ways money was communicated in your home growing up verbally what was said and then emotionally what it was felt in the home right the environment and so it creates kind of this quadrant and so that first money classroom is the anxious money classroom and this is if your home was verbally closed so money was not talked about but emotionally stressed so if you grew up in this household it was the feeling like at the end of the month you just felt tension around you didn't you know you didn't really know but oh you just felt it in the air didn't dare bring it up no classroom two is the unstable money classroom this is where it's verbally open it is talked about but it's emotionally stressed so conflict fighting you heard your parents have the same money fight possibly over and over again uh it was there and then classroom three is the unaware money classroom and this is where it's verbally closed it's not talked about but it's emotionally calm so i always say with this classroom if you grew up you probably were one of the ones that left home at like 1821 and you thought i know nothing about money and oh it's oh it is a big deal okay i gotta figure this out because no one talked about it and it just didn't seem like a big deal it's just like that's just what it is and then classroom four is probably the healthiest it is the healthiest money classroom and that's where it's verbally open and emotionally calm so money is talked about it's not taboo you are engaged in conversations from tactical things like what a 401k is to more you know emotional things like um generosity and contentment and the value money plays in our life right like that was just talked about but it was also calm because there was a plan probably around money there was a level of yep we know what we're doing you could have cooperation collaboration between the parents yeah yeah i mean and and in that classroom you don't have to have a million dollars right you can you can you you don't have to be wealthy in that classroom by any means either so so just kind of knowing what i found in all the research when i was writing about this is people either really mirrored what they knew growing up so if we didn't talk about money i just won't talk about money either like i'll just shut it down or people did the exact opposite so i've heard many people say yeah my parents fought all the time about money so it's not worth it it's not worth engaging in conversation it's not worth the fight we'll just figure it out and i don't want to go there um or my parents never talk to us about money and you hear someone say so now i'm like constantly on my kids to be like you have to learn this stuff so it's just interesting to see people again you either just mirror what you know without realizing it or people just did the exact opposite but i think that it shapes you and just that's the foundation that's laid that i mean any any therapist would say your household growing up was your classroom to life it's where you learned life's lessons and same with money and so this is where you learned it and you got to figure out what lessons you want to take with you into adulthood what lessons you wish you could probably unlearn all of it but it's it's interesting to kind of go back there and say okay this is it and as well add this if you have siblings ask your siblings what kind of classroom they felt like they grew up in because even depending on your personality you could have a a perspective of one classroom and your sibling has another of how they saw things or or understood things so yeah you were born the year we filed bankruptcy so when ours was an unstable yeah freaked out losing everything classroom you were too small to to know it your sister was a toddler probably also too small but might have you know distant memories somewhere deep down in her psyche of that but you know so our family went through a shift yes which happens we went through from you know being a meltdown disastrous mess me and your mom up to by the time you were old enough to know it was pretty calm and organized and methodical because we were already doing this stuff and teaching this stuff absolutely yep for sure for sure and so like you know you you were doing the writing for this and you said well i grew up in a very calm and stable and we're like yeah you just weren't old enough to remember when it wasn't yeah that's all i know i had the manuscript we had dinner and i was like here's what i'm writing about and i feel like you know it was this like it was classroom four for the most part and you're like yeah cause you're too young to remember classroom two unstable it was crazy that's crazy when we were nuts oh yeah they can still get there we can get there we just don't live there we can drive by now and say hi but that's all oh my gosh yeah this stuff is so valuable though to know where you come from and you get and then you look at your spouse and you go oh you have a little bit of empathy for them when you know kind of okay that's where you came from oh you're more of an abundance versus scarcity and i'm kind of scarcity oh you're more saver i'm more spender oh you like to spend on experiences you like to spend on things yeah it's winston as biggest rub yup yup i want to go to disney rachel the kids aren't listening 100 would spend 100 of our money on experiences i just take vacations all day long and what i want to spend on disney what sounds like eating out has nothing to do with the food it's the entertainment appetite it's the entertainment [Music] when you ask once about rachel he says rachel's a fun girl he said you make me more fun he just said that to me yesterday [Music] what makes our show unique is that we genuinely care about our listeners we're intentional about choosing the best advertisers to recommend blinds.com is no exception they offer high quality window treatments at unbelievable prices and they make it simple to shop blinds shades and interior shutters with easy online ordering free shipping and a guaranteed perfect fit go to blinds.com and take advantage of this week's special savings [Music] [Music] rachel cruz ramsey personality number one best-selling author new york times bestselling author of her last and latest book not our last book but our latest book know yourself know your money my co-host today open phones at triple eight eight two five five two two five shelley's in destin florida hi shelly how are you good how are you better than i deserve what's up i just need some advice me and my husband have been paying off her debt we're down to one last credit card um it totals out to be 10 596.90 and um we're thinking about borrowing it from the 401k we don't have much in there we have around 21 000 in our 401k and we're just trying to make the best choice uh the credit cards at a 24 interest so i just need some advice how much was the total of the credit card did you say ten thousand ten thousand five hundred ninety six dollars okay ninety cents yeah okay what's your household income 51 okay all right how long you've been listening to this show um i've heard about you guys through church members and i just actually signed up for your your classes and your apps that you'll have yes i just did that um i'm just really excited to get out of debt because i mean we do cash advances and all kinds of things and we pay off probably over a hundred thousand wow i'm dead yeah you're tired you're tired of the fear and the chaos aren't you yes i am and just living from paycheck to paycheck you know not knowing you know what's gonna come next my husband oh he's so on board with getting out of debt um it stresses him out a lot you know uh just being all that responsibility on him and so um and plus i want him to be able to retire at us at a nice age to enjoy you know everything and to line our lives up you know biblically with the bible that's the most important thing so you guys are sweet people you're sweet well thank you um well i'm glad that you're plugged into ramsey plus and into financial peace university we'll walk you through rachel and i are two of the main teachers in the in those videos that you're going to go through and we're going to show you how to get on a budget which is going to help you get out of the payday advanced stuff because that comes from not planning well when you start doing your budget you're going to hear us say it again on the videos but you'll feel like you've got a raise because being out of control makes you it makes you make wrong decisions i've been there too i know how it feels i've done it too okay um and here's the thing you're gonna be able to pay off the credit card so if fast follow the stuff that we teach in detail and both you and your husband are doing it that the interest rate's not going to matter much okay because you're going to pay it off in under a year okay probably under six months because you're not going to do anything so pay off this credit card we're going to teach you to get so focused on it because you're sick of it and the great news about where you are the way you're speaking about this you're doing it with such an open hand and um it's almost kind of tender just listening to you that you are you're at the perfect place you're like just teach me just show me how i'm just sick of it i'll do anything and that's what i keep hearing from you and so what that tells me having done this for 30 years is you're going to have great success in the next 12 months it's going to blow your mind where you are by next summer don't you think rachel yeah well i was going to say shelly i mean from how you guys have been living to what you're about to engage in and actually get a plan and we said this in an earlier segment you know but the there'll be changes you'll do stuff that's different than you've ever done before and it's gonna first feel uncomfortable but push through that because immediately when you start to live on a budget and it works you know you are in control of your money versus your money controlling you you have a plan you and your husband are on the same page you're working toward the same goal i mean all of that is so cohesive when it works and it's an amazing thing like you will never experience the level of control that you're about to have and and yep and he's exactly right i'm like yeah there's no need to take out a 401k loan at all don't do it don't do that um when you guys start to do the math and you start to see okay here's where our money can go you're gonna you're gonna pay it off you're gonna be able to do this yeah interest rate matters if you're gonna keep the debt around for five years but when you're gonna keep it around for six months or seven months or whatever you end up with is ten thousand dollars it's not gonna it's not gonna matter much the second thing is you never borrow in any circumstance for all you listeners out there on a 401k here's why you unplug in her case half of your 401k 10 000 of his 20 000 that's invested is now unplugged from good investments making 10 or 12 percent in good mutual funds and instead you pay yourself back 5 or 6 or 7 or however it's set up it's one of those three numbers and um so you you're trading off for a bad a bad rate of return so it is costing you more than it appears to be costing you the second thing is when you leave your company and you will leave your company you will die you will get a better job or you will get fired one of the three ways you will leave your company when you leave your company not if your 401k loan is considered by the irs in early withdrawal and you have 60 days to completely repay it oh by the way you just don't have a job anymore but you have 60 days to repay the loan or it's considered an early withdrawal and you're taxed and penalized on it so it's a disaster looking for a place to happen so never borrow on a 401k now that's that's a sidebar really because shelly your story is so much bigger than just the ten thousand dollars because you're going to such really really really good places i'm so proud of you all right dylan is with us in springfield mass hey dylan what's up hey how's it going dave better than i deserve how can we help sir uh well i'm 25 i make about 80 grand a year uh i got 420 bucks a month in expenses i'm currently debt free minus my 401k loan that you're just talking about um i'm currently living with my grandmother right now i got 22 000 in savings and i want to buy a house but like i'm not real sure where to go from here or what to do with the market the way it is and all the houses around me are pretty expensive so i'm just not super sure what to do cool yeah it's a great question how much is your 401k loan uh i think there's about eight left on it okay write a check today and pay it okay and now we've got not 22 but now we have 14. but you make 80 and you got no bills because you live with your grandmother right so you pile up money pretty fast can't you right minus the expenses because i kind of take care of her too with you know groceries and everything else but yeah well what i would encourage you dylan is to figure out what your expenses are per month and then get an emergency fund of three to six months worth of that have that just cash in the bank which again that 18 it's gonna it's going to help you with the 14. um that's left in your savings will be a good jump start if not completed depending on again what your expenses are um and then from there is what we call baby step 3b and that is where you're going to save up for your down payment on your home and that's you want to save up at least 10 to 20 percent and then the formula we always use is that your take home your your payment is no more than 25 of your take-home pay on a 15-year fixed rates now that's to say if you want to buy a home and i don't know your situation uh are you single yeah yeah is buying a home something you want to do or you do you want to rent for a little bit do you want to stay with your grandmother like what are you what do you want to do i'd like to buy a house okay i had one already i sold a year ago gotcha they built houses right on top of mine so i sold mine but yep i do want a house yeah yeah yeah so yeah when you get to that point that you have that down payment saved up um then i think it's then it's a great time i mean you're gonna you're in a good position obviously you're gonna be completely debt free by this afternoon because you're gonna write a check and get that taken care of uh and you have some good savings you can save up a little bit more but that um that down payment savings will be your next your next step good work brother good work the question you gotta ask it sounds like more than anything is just how long do you need to be there and want to be there to uh take care of your grandmother in this situation and um you know it's working for now uh is that a three-year plan a three-month plan five year plan and then that'll help you answer when you're ready to buy but yeah get out of debt build your emergency fund and save your down payment like rachel laid out that's exactly what we teach this is the ramsey show [Music] [Music] [Music] [Music] [Applause] [Music] in the lobby of ramsey solutions on the debt free stage joshua and anna are with us hey guys how are you hi well i'm water now that we see you good to have you thank you for having us well we're honored to have you thank you for being here and where do you guys live new jersey in jersey and all the way to nashville to do a debt-free scream that's right how much did you pay off 70 437 in 10 months and your range of income during that time uh it started at 102 and it has ended now in 202. all right what do you guys do for a living i am an icu nurse and i'm an audio tech all right wow you guys are killing it way to go very good what kind of debt was this 70 000 oh my gosh it was it was a car payment it was a student loan debt and it was credit cards 30 000 and student loans nine thousand in cards and the rest um was the car so you guys were just normal yeah we were yeah so i mean it not not going well at all but kind of felt like normal yeah it's just the way everybody is right normal just a little too long though i hear you so uh what happened a year ago they got you guys fired up and doing this ramsey stuff this started um in january well we've been together since i was 17 and he was um actually longer than that we were together since high school so we had our oldest daughter when we were really young and um all we've known is work and struggle and that for 20 years um it's going to be 13 years since we've been married this september so uh back in 2019 in january we went to a marriage conference in kingsway church in cherry hill and they had a clinic about finances and anita and steve jenka if you guys are watching they were the ones that touch base on the finances and talked about fpu and that's when the light bulb went out for us i thought maybe it doesn't have to be struggle all the time yes well it went a little bit further we had some savings that exceeded the amount of debt but they were savings you know trying to accumulate you know for the for the kids whatever and somehow just not being reckless and just thinking that the harder you work the you know just with hard hard work hard work hard work well we weren't budgeting we weren't paying attention to our finances and it was just work work work work work work work chaotic hectic lifestyle um and you feel like a rat in a wheel oh it disappeared it just disappeared the money disappeared yeah oh yeah yes you had a leak yeah it no it wasn't material things it was just no big item stuff will come up and it's like get take a thousand here or whatever yeah that's what it changes wow and so then you've got all that regret which tastes really nasty on the back of your tongue extremely we almost i mean i lost it you know um it was towards the end of 19. september 2009 i lost it i said this is this is it i'm done with the struggle i'm just had it i'm not living like this anymore no no i i said i like this guy i'd rather go on my own i said i i told my wife i said if i'm gonna struggle i'll just move into a room you can have everything i said but i i can't continue i'm gonna i'm gonna drive myself into the grave um and it was just so then then you go to the marriage conference in financial peace university and you say i got to go to that class and they started it in september of 2019. oh yes so we we heard about it january we started the class september 2019 fpu and um it was hard because every time we watched those videos it would just be like a slap in the face like dave is calling me stupid again yes and it was hard on us because every time we tried to sit down and have a budget meeting it was fights because we could not believe when we added up 70 000 we were like we're gonna be dead by the time we get this paid off it's never going to happen we were hopeless that's the the right word and um and you know when did that turn when did they when did it turn from hopeless to hopeful um after the life group you know just having that sense of community and seeing people from all different kinds of walk of life you know so the other people in the financial peace university yeah yeah there was there was a doctor in there yeah it was you know you don't feel so dumb because everybody said no no not at all you know that's when it like sank in okay well maybe we can do this yeah okay and then covet hit yep and you're a nurse yes i see you nervous i see a nurse and it gets better it gets better covet hit and i'm just as i'm starting my 2020 season um because i work for the union so it's all theatrical and mainstream production so live well the first whiff was all the pharmaceutical trade shows and conferences were cancelled okay that's not good then when live nation did their release you know they they canceled the whole touring season yep that was like oh my goodness and i'm like now this couldn't get any you know we gained some momentum from 2019 we got the rhythm down we got you know so got the wheels were you working all the time though so what happened was when covet hit he lost his job because there was no concerts no no event and he was like i can't i can't stay home like i have to go and find a job and i said to him listen i'm an icu nurse i can't escape this we have no idea what's going on we have no idea how you know what's happening what we know is that it's bad so and we had just actually gotten our sander insurance life policy we had just gotten it approved in january right before covert hit so i told them the girls don't need to lose to parents you know you stay home you take care of the girls you help them with homeschooling and you stay safe and we i will go on our work and he wasn't too happy about it but i'm like i'm doing it i'm not gonna have you out there risking your life for pennies on the dollar you know compared to what he was making before so just stay home you got like triple time so i was working six days a week 13 14 hour shifts yeah your pay went through the roof and so i was working my full-time job uh and then i went to travel nursing so i was working three days a week around home and i was working another three days a week up north about an hour so you might you made a couple of hundred that year yeah yeah and so i was living in a trailer outside of my house because i was scared to get you know get them sick and stuff it was a little rough in the beginning but you know we saw we saw our opportunity to be gazelle intense and that's what i did and i just want to thank you guys because you know unknowingly you and rachel and all the ramsey personalities and all the callers were the ones that kept me going so on my drives up north you know all my long nights and my long mornings i would listen to all the podcasts and that's what would keep me going you know not being able to see my family not be able to be with them it was really hard on them it was really hard on me but we were just focused we were zeroed in on being debt-free because we got tired of being tired of being tired well you took a really hard scary yeah situation and the work you did thank you for all the work throughout this um this time and you took it you said okay what can i do how can i better my family in this in this hard time and then you guys together made that decision and and it's amazing and when you thought you guys are never gonna be the same never it's not only that but i mean that hopeless chaotic we're stuck in a rut will never get out you're never going to think that way again the rest of your life your brain has been stretched to a different level you'll never you can't go back to the same shape people think we're crazy like oh you are you're awesome at work they're like why are you working so much it was a campaign that like i work around with my budget everywhere i go and i show it to all my nurse friends i show it to everyone i talk to my patients about it i'm very very we're very passionate about it yeah so last thing i'm worried about is what you care whether you care about it that's awesome you are amazing this is such a great story we've got a copy of the total money makeover for you in the legacy journey for you the legacy journey is the next chapter in your story because you guys have completely changed your whole lives yes so impressed you're amazing wow thank you guys man oh man we're so so grateful you have no idea wow wow i feel like you just came through a war man that's amazing wow all right joshua and anna leah and melania melania ah beautiful name sorry i was about to mess it up there and 70 000 paid off but boy oh boy oh boy in 10 months making 102-202 never be the same again this family count it down let's hear a debt-free scream are you guys you guys ready yep three two one [Music] [Applause] wow [Music] [Music] foreign [Music] so thanks for joining us america our scripture of the day jeremiah 32 17 o sovereign lord you have made the heavens and the earth by your great power and outstretched arm nothing is too hard for you arnold palmer said always make a total effort even when the odds are against you now you hear us by the way talk about term life insurance all the time guys that's because term life insurance can make all the difference financially for your family if god forbid something happens to you you heard that last couple say you know we're facing these really scary unknowns with kovad you remember when we all didn't know anything about covet and most of us admitted it back then um but uh man that family went and got life insurance didn't they that's what they said and they had gotten it before covett all started right our term life calculator makes it easy for you to find the right policy it shows you how much coverage you'll need and it takes less than five minutes to get your numbers here's what to expect first answer a few questions give us a snapshot of your life the free calculator will then tell you how much coverage you need it's usually about 10 to 12 times your annual income and how long you need to keep the insurance and then you'll be able to compare rates and select the best policy through xander our trusted partner they shop over a dozen insurance carriers help you find the best deal to get your results text term life to 33 789 we'll help you with the term life calculator it's very easy text term life two three three seven eight nine and you can make sure that your family is taken care of open phones at triple eight eight two five five two two five rachel cruz ramsey personality best-selling author and my daughter is my co-host today josh is with us in chattanooga hi josh what's up i'm doing great how you doing dave better than i deserve how can i help well i've got i've always been an employee and here recently my i've had a youtube channel that has really taken off and i'm starting to get paid from that and i'm not sure i have people telling me i need like a you know business license or llc where i can write off these expenses but i'm not sure if i really need that wow good for you what kind of money are you making off of youtube uh well like this week i made 900 off youtube so it's i mean it's trending up real fast but like this week i made 900 bucks so it's doing really well so if that continues you might make 50 60 grand a year or more yeah that's what i'm hoping what's your channel about josh i'm just curious i get old cars running i've been sitting 20 30 years the channel sleeper dude okay yeah very cool you'd like it dave i think i would i'm a bit of a gearhead i think i'm like watching you what's it called again i'll look it up sleeper dude all one word i'll be looking for your comments sleeper dude as in as in take a nap sleep oh it's the car's a sleeper car oh okay yeah i got it oh okay i didn't touch on that no i understand okay cool well we just told 22 million people so hopefully we'll get your youtube revs up all right um yeah anyway anyway um for those of you that don't know the more viewers you have on youtube once you reach a certain point they will actually start paying you because the ads that they run on your youtube video they make money on and they share a little of it with you not much but a little and uh so he's if he's getting 900 a week off of this he's got quite a good viewership it's uh you don't get that with 500 of your friends looking on it's it's tens of thousands hundreds of thousands to get to that point so very cool we make a little money on youtube too but uh here's the thing you you do not need an llc unless you want one you what you do want to do is open a separate business checking account and uh put all of your youtube revenues or any other money you make on this endeavor if you bought a car and sold it uh as a part of the business or something like that you would put any money you make into that account and you the only thing you write out of that account are business expenses okay and so if you bought some video equipment if you bought some tools to work on the cars anything like that you're doing that's associated with the business that would be a business expense needs to come out of that account and so if you put all the income of the business into that account and the only thing you take out of that account are business expenses by definition what's left in there is your profit right okay revenue minus expenses is profit now then if you take some of the profit home you'll pay taxes on it i'll come back to that in a minute all right but if you take that the information in your checking account the income and the expenses and you sit down to do your taxes you can do it as a sole proprietor on schedule c or you can have a tax preparer do it or you can incorporate it into an llc if you want to it's not necessary for you to write it off though you can write it off as a sole proprietor and not have to open up something the only reason you really need an llc is if you're afraid of being sued for something okay yeah i wouldn't be worried about that really not not not yet you get a big enough number on this some idiot will figure out a way to sue you but um yeah but but but in the meantime uh right now 50 grand is not a big enough target on your butt you don't have to worry about it but you start cranking off three or four hundred on this go ahead and get an llc okay is there like a percentage i should save back for taxes exactly that's my next that's my next speech so um when you take money out of this business account that we just opened josh's sleeper cars or with sleeper dudes or whatever this kind of thing right the sleeper dude account when you take money out of it and bring it home i want you to set aside a fourth of that into a separate savings account for taxes okay because you're supposed to pay quarterly estimates on your business to the irs now the quarterly estimate is a one-page form that shows the revenues for the quarter the expenses for the quarter there for the profit for the quarter and then estimate your tax based on that profit and you're supposed to send them that amount of money which will be about a fourth of this it'll be very close okay all right right when you so when you calculate that now the cool thing is when you go to fill out your quarterly estimates if you've set aside a fourth of your profit out of this account any money you take out of this account so you pull a thousand bucks out of this account you write 250 over into the tax savings account for your quarterlies and you write 750 into your personal account to spend buy groceries with yeah okay and that's that's the process so set aside a fourth until you get to making oh more than a hundred and hundred and something then you'll have to go a little more than a fourth but for right now i think and that's profit not gross so for right now i think a fourth will be very very close for you so really two big things one is a separate checking account that gives you your profit and then when you take money out the separate savings account to pay your taxes your withholding on yourself is what you're doing does that make sense to you that makes sense very cool congratulations man i'm proud of you that's a neat thing it's fun when you kind of stumble into something you know and he's like oh wow i get to make videos something i love and i'm making 900 bucks a week it's fun there's guys and gals doing stuff on youtube that are making serious money i mean our friend our friends tyler and the gang the dude perfect guys they are they've been killing it for years and sharp sharp young men but i mean they're the top five six youtube channels in the world they're huge and so they're making a lot more than 900 a week on that uh to say the least like a lot of zeros but and good because they're what they're doing is good clean fun and it's entertaining families love other kids families the kids love it and it's just an incredible youtube channel we had them speak at uh our entree leadership summit down in dallas the other day when we were down there just great guys yep yep great guys and so you know there's this youtube thing is um uh there there's some serious uh players in it and just social media i'm like people have large instagram accounts and there may i mean like they it's well the influencers is a different crowd yes but the youtube crowd is is uh some of those are influencer types too yeah but some of them are actually content you know they're actually have content they're actually providing entertainment or they're providing instruction on something or whatever and it's going beautifully and um you know our show of course this show is broadcast every day on youtube yep and so and it's got a huge following thank you guys on thank you to the the youtube people call themselves the youtube crazies hello thanks youtube crazies we appreciate you being there all right that puts us this hour of the ramsey show in the books we'll be back with you before you know it in the meantime remember there's ultimately only one way to financial peace and that's to walk daily with the prince of peace christ jesus [Music] have a friend or family member that needs a daily dose of ramsey advice in their life let them know about the ramsey call of the day podcast it's a quick hit of advice about life and money in under 10 minutes check out the ramsey call of the day podcast wherever you listen to podcasts [Music] you

Channel: The Ramsey Show - Full Episodes

Views: 33,387

Rating: 4.8098474 out of 5

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: IZSpj81LwIo

Length: 121min 20sec (7280 seconds)

Published: Thu Aug 12 2021