The Cure for Excessive Spending

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[Music] sacrifice determination you can be intentional about your character your work ethic you gotta be on the same page today we're calling to let you know we're debt-free how's that everything you have done really really really good and you're not gonna quit been a huge witness for us to be able to share that it was time to get serious intentionality people this is your show America yes I knew it 22 what I know our life would be better as the show that's changing the world now you don't listen you live it live from the headquarters of Ramsey solutions it's the Dave Ramsey show where net 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 it's a free call a triple eight eight two five five two two five that's triple eight eight two five five two two five we're here with common sense for your dollars and cents Nick is going to start us off in Minneapolis this hour hi Nick how are you I am doing great baby thank us for taking my call sure what's up well I have a refi question for you my wife and I are in step two we have about just under ten thousand dollars plus to pay us so we're so grateful to be almost uttered that my question is we can refinance we looked through Churchill a 15-year mortgage does not necessarily aligned with your 25% of your take-home pay so what I'm wondering is it looks like a 20-year does actually makes sense for us it does raise our payments about a hundred and fifty bucks a month the great thing about it is get rid of PMI actually about $100 of PMI on it within the first five years actually save about five thousand dollars so there isn't you know the apples to apples comparison of the percentage because other percentage is actually going to be just about the same so I just kind of wanted if that makes sense to pay that extra amount towards our mortgage or should we say with the 30 and just keep paying on our debt what kind of mortgage FHA VA or conventional maybe a conventional okay I'm your breakeven is too long yeah I I especially if it's just for PMI because once you pay the mortgage down you can get the mortgage company to drop the PMI and you're gonna do that sooner than five years if you just start hey yeah it just pop start paying extra principle on it and getting it down to 80 percent loan to value you'll usually have to buy an appraisal from an appraiser that is approved by that mortgage company in order to prove that you're at 80 percent loan to value but that only costs 400 bucks and and you know how long before you can get it paid down to 80 percent well that's the thing is we're you know just about a year into our 30-year mortgage and it looks at it looks like it's about eight years you know I think they put it over the first ten years or so so I know you're going to be paying extra on the regular you're gonna be you're gonna be paying extra on your mortgage how long will it take you to pay it down to 80 percent loan to value yeah that's what I'm thinking a lot less than five years no I would not refinance this no no for a five year break even on PMI alone no doesn't make sense at all hey thanks for calling well one of your favorite segments out there certainly James and Kelly's favorite segments Dave reads mean tweets people moist old that from like some late-night guy who does that or something I don't know I don't watch late-night TV but James does apparently so anyway I get to read where people haven't been insulting me and been nasty to me and it's just hilarious to everyone except me so anyway I'm going to do that in the next segment if you care and stay tuned for social media where people have courage to say things they would never have the courage to say in front of you all right Sharon is with us in West Palm Beach hi Sharon how are you hi Davis the first time calling I just started listening to your show I have a 401 K with my previous employer that's been sitting with them for two years I want to know what should i do should I pay down my mortgage or should I put it someplace else you should roll it to an IRA with a direct transfer rollover always when you leave a company take your 401k with you your 403 B with you anytime and we recommend you put it in good growth stock mutual funds inside the for inside the IRA a direct transfer rollover to an IRA that way there's no axis on it at all when I keep you from having to pay any taxes right now until you get some of these other goals yet like getting out of debt and so on and I spread my investing in my retirement accounts and I've recommended the same to everyone else for 25 years and it's worked out pretty dad-blamed good across four types of mutual funds and so I would roll it over and pick out four mutual funds and put it evenly in these for growth growth and income aggressive growth and international and that's what I've done and lots of other people have been made millionaires by doing that so just continually investing continually investing staying out of debt continually investing and you know just some looking at a good track record on your mutual funds long track record on Suzy is in Ken's work in Ken weak Washington hi Suzy how are you better than I deserve what's up well first of all thank you so much for for doing this for us for the people I think that advice it's just such a blessing my husband and I bought a house in 2015 when we were in about 90 grand in student debt so I'm not very smart since then we bought the house with the intention to Airbnb read the upstairs which we did while we was there and we picked up or repaid mortgage payment so it's what we received and and then we actually moves we had a baby move closer to family and my husband got a a pretty hefty pay increase and so now he was four hundred dollars a month in my brother's house actually and we still have our house we've been continuing the Airbnb rented and I'm trying to determine if we should sell it in the next year or so or just kind of stay and keep doing what we're doing and getting that mortgage payment paid for I would solve it okay hundred percent 100 percent you have other debts you have you still have other debts your fighting through right yeah we're renting you're renting from your brother for 400 bucks and you're broke this is not somebody that needs to be buying investment real estate okay it's like right now we wouldn't make much if at all off of this sale yeah that's kind of give a lot it you have a lot of risk here a lot of risk so my tears the crap out of that house you don't have them I to fix it yeah and yeah there you go I just I would be done with it I love real estate as an investment it is not an investment that you need to be making when you don't any money it's a good way to lose your but when you're broke and been there done that now the trick is go ahead and finish you know getting cleaned up clean up your debts get you back in a personal residence again get your personal residence paid off and then start saving up and buying some rentals for cash later on since you kind of have the real estate bug biting at you I don't have any problem with that but let's do it in a way that's a blessing this represents a lot of risk in your life and a lot of potential hassle for really not much money you're not really making anything on it and that when all the smoke clears on this I'm just getting the bill paid is off so let's just get rid of the bill and then we don't have to get it paid this is the Dave Ramsey show [Music] [Laughter] [Music] [Laughter] [Music] and so now I want to talk to you a little bit about identifying the gap alright because see the different the distance between your dream and your reality it's a gap it's also where quitters go to quit you see some people have the dream and then they just let it go okay they don't they're not serious about it and see there's a difference when you're an adult like I can remember growing up sitting on my grandmother's porch and we would play that's my car yeah I ever played the car would go by that's my car I mean that we almost had fistfights growing up right and see as a kid pretending is a good thing as an adult pretending is dangerous and see what I want us to do is to dream but we know as adults I've got to work to be able to make that dream happen I've got to make some sacrifices I got to do some stuff and so a lot of people would ask me okay Chris you got me dream and I know that how much am I gonna need to retire I'd have people sit I'd sit with them with a calculator and everything and I'd work out the number they take about an hour and a half to help them see that big number and they were like okay well then more people would ask so finally Dave and I were talking one day I said Dave I need to develop a calculator that helps people identify their number quicker so we brought in some of our web developers and I talked with them I told them what I wanted it to do they went back and worked on it for a couple of months and they came back I'm like yeah no no no and then finally here it was the riq the retire inspired quotient what I want people to do is to understand how much is it gonna take me to live the dream retirement I want how much is it gonna take for you to do those things you know you want to do and so I looked at this and I said okay I want to make it easy for people and so all you have to do with the riq which stands for a retire and spire quotient I want to boost people's retirement IQ I think when people get smarter on something they can do better and so with the our IQ all you have to do is plug in a few basic things I've told you this before retirement has nothing to do with an age nothing it's got everything to do with the financial number [Music] one of the things that makes the Dave Ramsey show unique from other shows is that we genuinely care about our listeners that's why we're intentional about choosing advertisers that we know will serve our listeners wealth blinds.com is no exception for years I've been telling you how amazing these guys are blinds.com offers high quality window treatments at unbelievable prices and their customer service is unbeatable they make buying measuring and installing blinds fun affordable and shockingly easy and if you accidently miss measure or pick the wrong color they'll remake your blinds for free when you're looking for window blinds the only place you need to go is blinds calm with blinds calm you get free samples free shipping and when you use the promo code Ramzi you'll save even more take advantage of this week's special promotional offer when you go to blinds.com and use the promo code Ramsey [Music] [Music] April is a Financial Literacy Month and we are honoring teachers don't you love the great teachers that help you form your life I mean we all have that special five six seven teachers or whatever that really were awesome they weren't mailing it in they taught man they they influenced students we loved honoring teachers our teacher appreciation giveaway is sponsored by emridge University now here's what you do teachers you go to Ramsey education.com slash teacher no purchase necessary for a chance to win some incredible prizes including a $5,000 all-inclusive vacation giveaway Ramsey education.com slash teacher if you are a teacher or if you know a teacher you love a teacher tell them go Ramsey education.com slash teacher no purchase necessary giveaway ends on April the 30th and also our twenty thousand dollar financial literacy challenge for high school students is open now the challenge is a twenty question personal finance quiz to get 100 you're in the drawing that's it no purchase necessary and if you're in the drawing and you're an underclassman we're gonna give away to Amazon gift cards five hundred bucks each and one lucky senior will win a ten thousand dollar college scholarship you are big ten grand baby who does that well emridge University and Ramsey solutions that's it does it and in each of the schools that have a winner will also get a subscription for one year to our high school personal finance curriculum and entrepreneurship curriculum which is thirty five hundred bucks each so have the high school students in your life go to Ramsey education.com slash challenge so I I don't know how many years ago it was twitter was like everywhere everybody's talking about Twitter Twitter's kind of dying off now everybody's kind of gone over to Instagram no I think but I'm still on Twitter well I'm on Instagram too but it's not me it's my social media team they make me look a lot nicer and less sarcastic than I really am so but anyway Twitter is more like stuff and nasty and I kind of think that's why I like Twitter it's like I can do my sarcasm on there and just get in a fight with somebody it's fun and I stir it up on there occasionally and I've really really you know so anyway but the downside about Twitter is is that people who don't have real courage the only courage they have his digital courage they hide behind not their real name and they just say stuff and James thinks it's funny my producer so he collects mean tweets about Dave they're really not hard to find there's a lot of them it's like the hate mail around here we can bail it so the problem in this culture is if you have an opinion be ready somebody's pissed off instantly so there you go alright Tyson says name something everyone is obsessed with that you don't get why me Dave Ramsey Jason says Dave Ramsey comes from a long line of financial people that prey on people's fear plus laziness about the occasionally confusing world of finance however the word prey Jason is not spelled in that methodology PRA why it would be PR e why if I'm going to prey on someone it's a y if I pray for someone it's a Y I'll help you out with that okay well there's an education issue in America took anyway Ellen says I'm glad you asked Dave Ramsey is the biggest guilty pleasure he's very motivational but doesn't give the best advice so auction morning and gets mad when you don't follow it number one guilty pleasure okay there you go Wolverine Co what is a Wolverine Co that's someone who likes Michigan and the Denver Broncos I just made that up I have no idea I don't know what a Wolverine coach dave ramsey has never passed a financial course he specializes and is good in getting people out of debt but it's not qualified to give financial advice concerning accumulation or retirement legally oh okay well I'll help you with that I actually have a degree in finance I have had a securities license and insurance license or real estate license hey and about seventy three other designations after my name is indicate I actually did pass a course or two but either way Schuyler says I'm just letting you know that my credit score went up 71 points just from buying everything with my credit card and paying it off time paying it off on time so cuss word Dave Ramsey I'll just leave it at that okay okay Elizabeth every time I mention anything about investing to people they try to make me listen to Dave Ramsey maybe don't trust people to give financial advice if they themselves don't have enough self-control to use credit cards yeah that's an indicator of ability to give advice you Tsingtao crypto obviously a Bitcoin fan says Dave Ramsey is really stupid he is the idiot because I was calling people investing in Bitcoin with their student loans one in five if you didn't know 21% of people taking out student loans are putting the student loan money into Bitcoin that's like stupid squared okay Socialist Republic of the Moon this is the name of your Twitter account I think we got a hint on several fronts already okay Dave Ramsey is a fraud who actively preys on elderly religious folks with disposable incomes to subsidize the money he also gets from think-tanks and insurance companies wow you did spell praise correctly it is PR ey good job on that no money from think-tanks I do have some insurance companies that in that we endorse that pay us advertisement fees and elderly religious folks I guess if you're if you're 12 then everyone older than you is elderly so there you go that's how it works right leo says I think I think the reason these Dave Ramsey books won't work is cuz I'm not a Christian no leo they won't work because you're not working the plan Mac says Dave Ramsey's not-so-subtle arrogance makes me so angry well it's just part of the deal max about being on Twitter John says listening to Dave Ramsey once again I'm depressed yes you can be debt-free if you make 180 thousand dollars a year and sell your second home I paid off fifty thousand dollars in six months by selling our second home well no duh John you're trying to be a victim it's not gonna work for you popcorn vendor says Dave Ramsey is an arrogant blowhard that knows nothing about money my golden retriever agrees okay Seth says this year for Halloween I want to go to Dave Ramsey's house dressed like a credit card bring it man I'll give you some candy candy to everybody that comes oh my goodness that's fun stuff sort of open phones at Triple Eight 8 to 5 5 to 25 there is a 12th episode there that's volume 12 he James put it at the top of the paper so I would know volume 12 of Dave reads mean tweets Seth is in Concord New Hampshire hey Seth how are you doing great Dave thanks for taking my call sure what's up I'm hoping that you can help me settle a debate that I've had with myself now for a few months and kind of an ongoing debate with my girlfriend a little bit so I body truck about two years ago now and I rolled in a bunch of negative equity into it and so on top of doing that which is stupid enough having a bunch of problems when I've sunk a ton of money into it though I want to take your advice probably four months ago to try to get a loan for the negative equity on it and get out from it and I found out that I don't make enough money to actually get a loan for the total difference on the negative equity and I'm self-employed as a flooring contractor so I've actually run into a string for the first and last few months where I'm really struggling to keep up with these payments I mean this thing is using my lunch audio on what do you 500 is the payoff amount what's your what's your income a year or usually last year was forty eight thousand but you've been having trouble finding work in your field in the last few weeks months well I've been doing some work but I started subbing for general contractors for the first time and found out why other guys don't because they just don't pay you have a truck problem and an income problem will get your income rolling and you just beat the truck that up then just pay it down as fast as you can but you've got an income crisis more than anything and the truck is just reflecting that and then let you know beat it down and then get rid of it [Music] [Music] and then when you start you're ready to start your day and you start your day with steak sauce a one and you flavor your day with steak sauce you say what's the most important thing I need to do today that would be a 1 and you stand up and you get ready to do a 1 and as soon as you stand up and start moving towards a 1 someone will be like that movie office space standing in your cubicle with a cup of coffee oh we have a problem and they always they always sound like they're drunk or something no they we have a problem what do you mean we have a problem well there's such a special going on and you think about it for a second ok that's an item that needs to be taken care of and you compare that to a 1 then you say no hey once more let's and you kind of look at the guy and in your mind you go you're not steak sauce what you're bringing me is not as important as my a1 and so shoot leave Yuson you go work on that call me when you get it fixed you send them away to work on it or you send them away until I'll get with you I'll work with it I'm right now I'm working on something else I'll get with you in a little while I'll check on that later in the day maybe or go do these three things and then get back with me but basically what they brought you is not isn't you know the copier is jammed but I don't fix the copier you need to call like the copier guy he fixes the copier I don't even know how to fix it I don't know where it is you know I'm sorry and so yep that's not my steak sauce find somebody that cares is basically what I'm saying right and I'm not on that list so you see what I'm saying uuugh but let's say they walk in your office and they've got a legitimate major issue I mean I got up to stand up to do my hey ones one day and Patti came to my office and Patti does not do drama and Patti was like had drama on her face I said what's wrong and she said Chris Chris up in our military department he's passed out in the floor and the ambulance is on the way anyway ok I think I have a new a1 whatever I was gonna work on probably doesn't Trump one of my team members in the floor passed out right probably need to stop a second and go check on this well good news was he just had a sugar thing passed out he was all embarrassed cuz he's in the military department they passed out that's not cool and so you know no big deal except he was super-embarrassed the ambulance carried him away his wife got scared to death everything is all fine he's okay by the next day but just a minor thing really but but yeah I had it from a few minutes I had a new a1 didn't I a legitimate crisis that Trump to this but you know what you know as soon as the ambulance left and I knew that somebody was going down to the hospital from HR to check on him and his leader and his wife were notified I've done all I'm can do and I'm gonna do in this situation what happens next back to the list hey guys George cam will here today's minute money hack is a tasty one my every dollar budgeting app says I only have a few bucks left to spend for lunch so I'm headed to one of my favorite spots Chipotle let's go alright so I placed my order ahead of time using the app avoid the burrito and get the bowl I'll explain later now little-known fact you get up to 3 customizations on your meal which means extra stuff here's some options go half and half with your meat beans and rice which usually means extra food and get a tortilla on the side to make your own massive burrito let's pick this thing up and see how we did [Music] here's your average burrito weighing in at 24 ounces but when you order a maximize bowl with a tortilla on the side it weighs in at a massive 34 ounces for the same exact price on a tighter budget order two tacos and follow the same steps for under five bucks I don't even tighter shoestring budget order a single taco loaded up for two dollars and 40 cents and there's your minute money hack let's face it life can be crazy between work school kids church and everything else under the Sun it can be tough to find time for the things that matter most even breakfast once we're good grains comes in good grains is an innovative cereal company committed to delivering health and happiness to our communities and beyond how good grains makes tasty wholesome cereal that you can buy online and have shipped straight to you they offer one-time and subscription purchases and they support local schools looking for a better version of your favorite cereal try golden o's want something gluten free for the kids check out their loved grown line need a diabetic friendly cereal who may have got that too each good grain cereal contains nothing artificial so you know what you're eating if you sign up for a subscription you can save time and money plus it all gifts back that's good grains sound good listeners of the Dave Ramsey show can receive a special free trial pack today just visit good grains comm slash Dave welcome to the best cereal on the planet [Music] your life is an adventure emotionally you just been through the ring not afraid of hard work and you have note that everything impatient a very very well done you did the hard work and you've done so good you know when you've had it that something has to happen inside of you slow and steady live on less than you make believe that it can happen it does happen every day in America you are the answer God's blessings pouring to and through you are the answer [Music] [Applause] [Music] in the lobby of Ramsey solutions Kinney and Nancy are with us hey guys how are you hi - hey how are you nice to meet you good to meet you where do you guys live we live in Fort Myers Florida Oh fun great welcome to Nashville and all the way up here to do your debt free scream that's right how much you paid off eighty six thousand three hundred Wow and how long did that take 20 months good for you and your range of income during that time 150 to 200 cool what do you guys do for a living I'm in law enforcement mm-hmm and I'm in sales go what are you so it's a marketing consulting firm great good for you guys welcome so what kind of debts is eighty six thousand freakin dollars a lot of credit cards a couple cars a motorcycle some medical debt AC unit everything you guys were normal that's it you were just bopping along normal what happened 20 months ago made you decide to be weird well I think it started more than 20 months ago I was actually on a flight from Texas to Florida with a co-worker hi Scott and he was telling me that all of his kids had paid off cars and paid off college and he was telling me about Dave Ramsey and I thought that that was crazy and awesome and so I started reading your books and listening to the podcast by myself and obviously that didn't do very good for about two and a half years and then I started osmosis on Kenny with the podcast and finally he came around and 20 months ago was Kenny's dad's passing and we had children and we definitely wanted to change our family tree yeah a man Wow yeah there's a friend of mine I was doing a funeral for him a few years ago and two of us were speaking and one of the other guys said a phrase I've never forgotten he said death is the tuning fork that resets you know when you have somebody like that you lose your dad that's a 24 you reset and you get in tune again and so that's what I did give you the wake-up call it did Wow very cool very cool it's a lot to go through you know the life insurance piece and the leaving a legacy all of the finances we wanted to make sure that our kids had an advantage and a clean slate so you guys gave us a plan or so so my kids do we got it too we have a three year old and a four year old Gaby you're watching at home with Grandma oh that's fine very cool very cool so what you do once once Kenny decides okay I'm gonna list the podcast oh oh we got to do this stuff he's on board and so 20 months ago it's game on and what did that sound like I mean you just sat down and decided to go or what well I think she's a pretty good sales rep so I well she sold me so well I didn't really listen to anything until after she kind of informed me on it so from then I kind of secretly would like a listen in the car and kind of follow along and so we sat down and went over our finances and started cutting things out that we really didn't need like cable and stitch bags no monthly subscribers that you're just used to but you don't need so we did that and it was game on from that point he was in a bad motorcycle a motorcycle accident actually and I think that was his wake-up call when if something serious were to happen him on the job or in the motorcycle we didn't have life insurance we had a ton of debt our kids would have been a mess and I think that was the first budget meeting that was really emotional and really intense so do you ride a motorcycle as an officer or just a hobby no it was just a hobby and I had it before we had kids and then it used to oh it's gone no it's gone we sold a after we paid it off okay why don't well you lay it down once it makes it easier to sell yeah Wow unbelievable all right so what for this 20 months what's the key to getting out of debt what do you tell people you did cuz you pay off eighty six thousand bucks and 20 months that's radical yeah I think it starts with the why you talk a lot about purpose and in sales we focus a lot about the the end goal and you know after being married for eight years you you kind of stop dreaming you have those kids you have that house and then what so we started dreaming about building we started dreaming about vacations and every time I was exactly every time I was upset about my stitch pick box not coming I thought about the vacation Kenny and I just took in San Diego and this vacation in Nashville and you dream about your why and you live with within your means I think the budget helped us live within our means for the first time to eight years of marriage but for the last 20 months it's been lots of talking lots of budgeting did you set you saw the motorcycle yeah that was a after the accident it wasn't too much longer I think about six months and we paid that off okay and then from that point we sold it and then use that money towards the next bill so what else did you sell while you were getting out of death anything that was it you just you just catch float this yes Wow you've been on beans and rice yeah we call it pasta we're Italian I love it that's good stuff oh very fun very fun my oldest daughters married into an Italian family so they go over there and get gravy yeah and in the South I just assumed that meant gravy and biscuits not if you're a total spaghetti songs right yeah so my mouth is watering I want someone known as spaghetti sauce right now Wow good stuff all right love it well congratulations you guys very very well done what was the hardest part of this for you guys we talked about that this morning because we kind of yeah and I think that it was just getting started and just coming up with a plan and then just continuing it and not getting off course and all the stuff that we sacrifice really didn't affect anything and we actually had more money than we thought when we really sat down so the sacrifice wasn't really that much and it was a lot easier especially when you start paying stuff off as soon as the first one happened it was more of an addictive exam and we just wanted to continue to pay everything off so it was just every were just so excited after you know especially our cars were done that was one of our last things yeah so as you got further into it and you got more excited you cut deeper yes yeah then that was like throwing every last penny out of everything target weight I just didn't even tell myself there were no vacations to see grandma no I actually skipped a couple of friends weddings and so that was really hard but it's all worth it now yeah you're done you're done or does it feel now with no payments a little surreal especially like the amount of money that we see that we're saving every month I get to keep our paycheck it's amazing I know most people do like an auto bill pay so the only thing and there's like the mortgage and your water and your electric and so it's kind of amazing yeah that's pretty amazing your we're actually getting ready to teach our first FPU on the 2600 how many people have been asking us how we did it did you go through the clash no we just podcast and the whole thing so now you're gonna do it go through the whole whole program and everything yeah good for you Wow neat very neat so now how does it feel amazing we're on baby step 3b and we're getting ready to build our dream home and we would have never been able to do that with almost $90,000 worth of debt looming over our heads I could definitely sleep better at night yeah man eight years of marriage the first time you debt-free yep yeah I got a bankruptcy before our marriage and those bad habits started creeping in and never again they're gone no permanent change hmm transformation I'm proud of you guys well done well done very well done all right we got a copy of Chris Hogan's book for you retire inspired that is a number one bestseller in the next chapter in your story to be millionaires yeah and you're on your way you make really good money and now you control it life is good an outrageously generous as you go along Kenny and Nancy Fort Myers Florida $86,000 paid off in 20 months making 150 to 200 count it down let's hear a debt free scream three two one we're dead free that's how it's done right there man that is awesome very very very well done love it hey I got to tell you I am so impressed with these people that were meeting all over America that are making a decision to control their own destiny have you ever noticed there is really just two camps of people there are those people who are going to control their own destiny in spite of the obstacles in spite of the problems in spite of the tragedies in spite of them the walls that have to be claimed climbed over and then there's those that are the victim they're a victim of everything you can't get ahead in America the 1% have everything and that's just the way it is I've been on Twitter and I now know this I mean my gosh you meet these people that er is their spirit animal you know it's just like oh it's bad you can't do anything now it's just bad I hope the president will fix my life well he's not going to darling you're gonna have to fix your life that's how this works this is the Dave Ramsey show [Music] getting your money in order can feel a little overwhelming that's why Dave created the baby steps they break it down for you and show you exactly what to do next baby step two is where you get rid of all of your debts one at a time using the debt snowball in the debt snowball you list your debts smallest to largest by amount owed pay minimum payments on all of the debts except for the smallest one and attack it with a vengeance I mean go ninja crazy on it once it's gone take the money you were putting towards that debt plus any extra money you can find and attack the next set on the list once it's gone take that combined payment and go on to the next debt knock them out one by one the point of the debt snowball is behavior modification when you ditch the small debt first you see progress that will get you fired up soon the second debt will follow and then the next when you see that the plan is working you'll stick to it by sticking to it you'll eventually succeed and becoming debt free there's too many business owners that are stuck and lonely and isolated and I know if we can get to them and get them this information it'll make a difference if you ever gotten home and you worked your tail off you have no idea what you did because you've not managing your time and the business is running you instead of you running it we've been there we can show you the way out strong leader with the strong team can accomplish almost anything's but we have to get our minds right if you can get control that person in the mirror you can change your behavior or you don't allow people to steal your times it is about you intentionally imposing your will first in your own life and then on the marketplace it is your prize you deserve to win we are in leadership we are fashioning a culture so that people could achieve after you you can change the whole culture of the company and actually learn something together it's a cheap sheet everybody will be speaking the same language if you're stuck and you need a breakthrough what's gonna be that breakthrough one chance the entree leadership one day it's gonna be mammoth it's gonna be huge gonna be life-changing don't miss it think about all the passwords your brain has to remember it's impossible right so instead of coming up with new passwords every time you open an account most people just give the same password over and over and over again that's not a good idea remember the yahoo breach you know that one breach alone affected over three billion users yeah that's why I'm a huge fan of LastPass LastPass generates and stores and creates strong unique passwords to keep you safe and secure no more guessing your password and getting you locked out of your account LastPass manages and organizes all your accounts with your logins and unique passwords in one safe place and you can access them from your computer or your mobile device I personally use LastPass and I love it so join over 13 million LastPass users including myself and start managing and securing your passwords today try the LastPass premium for personal use or LastPass families for your entire family visit LastPass calm sliced safe and try it for free [Music] Holly is in Minneapolis Holly welcome to the Dave Ramsey show hi hi what's up I'm sorry say again sure can you speak directly into your phone please sure I'm praying there we go how can I help a couple listening to some of your other really solution personalities podcast and reading your books and just really trying to get a hands on so it's kind of a big mess but my a specific question is regarding our home various resources you talked about not having anything other than a 15 year mortgage and having that payment see 25% of your income correct and yeah we had purchased their home and then five years ago always found me we refinanced and prior to me mowing all this information we got a 30 year and we paid five years on it and are currently twenty two thousand make sure what's your question Holly well the question is should we all become it's more than the 15 15 years and is 2500 a month including insurance what is your take on okay well no I would not sell your house in this situation if you'd like your house the idea of having a house payment on a 15-year fixed is to get the house paid off the idea of it being no more than 1/4 of your take-home pay is to keep you from becoming what's called house poor where all you do is pay house payments and you have no life because there's no money left over and you can't save for the next car couch or vacation and it ends up putting you into debt house will drive you into debt if you have too big a payment yours is not that far off and it's survivable and so but the point being that you need to move towards of course being debt-free and of course hitting some of these other goals and along the way your income will come up and you start paying extra on your mortgage and pay it on down and start paying it like a 15 at some point but right now it's not killing you but I hear people call in here all the time with you know $7,000 take-home pay and a $3,500 payment that's 50% you can't breathe and do that that's not where you are and so the whole point is to leave wiggle room margin in your budget and to be able to make some of these other goals happen for you that's that's it's not a rule that is just a made-up rule the point is leave room in the math you don't have much room in your math but you've got enough room and you can hit some of these other goals and eventually as your income comes up begin to pay extra and you'll be fine jean is with me in Cincinnati hi Jean welcome to the Dave Ramsey show hide hey what's up well thank you for taking my call first of all there is very nice to talk to you you too my husband and I my husband just turned 65 this year and just got on Medicare he's not taking Social Security yet he's a self-employed farmer and we we have the opportunity as you know to put a certain amount and to retirement every year I think it is 6500 per person and we're confused about what to do with that my husband the last few years has put it into a CD IRA and I'm not sure based on what you said about CDs that that's the best avenue to go I know it's not robbed no see I see a CD only pays about 1% so you're not making any money and your monies might affect your going backward after inflation and taxes and so you want to be taxes on a Roth IRA but you've got to make more money on your money than that to be able to move ahead at your all's age I would not do Roth's I would do a traditional IRA and I would put 6500 each and a traditional IRA each year and I would go with the mutual funds that I personally have done I'm a little bit younger than you but not much I'm 57 you can write it be 58 and so you know that I'm using the same mutual funds that I tell people to use and so there's no inconsistency around here growth growth and income aggressive growth and international and gene if you want to sit down with someone to help you do all of that we don't have investment people that work for us but we do have people that we endorse that do things the way we teach and more importantly have the heart of a teacher so that you can learn about this and your husband can learn about this and do a much better job than a CD we call them smart Wester pros you are becoming a smart investor because you're starting to answer the questions a smart investor starting to ask the questions and get answers to them just go to smart investor at Dave Ramsey calm or smart investor calm either one and you put in your info it'll drop down a list of people in your area that that we do recommend and that do have that heart of a teacher you pick from among those and the smart Wester Pro you can sit down with them and they'll help you there's plenty of them in the Cincinnati area you can choose and find it find somebody that connects with you that you feel good about but don't do stuff until you understand it so take the time to meet with someone and learn don't put money and stuff until you understand it including mutual funds don't do it because Dave Ramsey said to or the people Dave Ramsey sends you to or anybody else for that matter never do that Josh is with us in Arlington Virginia hi Josh how are you I'm doing well sir thank you for taking my call sure what's up so my question is when should I go full time with my business I currently these sales during the day for a tech startup and then I run a exterior remodeling company at night so 9:00 to 5:00 I'm doing full-time normal sales and then during the evenings and weekends I do sales for my company you know so what do you what do you make on your daytime job so it's looking like it's going to be around 90 K you may get on there a modeling job yes sir so last year we I had an F profit as a 50% co-owner of $42,000 from May until the end of the year why do you have a partner we're 50/50 partners it's it's pretty standard in the industry in the know us you know we're in Tahoe no it's not it's nothing standard construction industry about partnerships yes sir I've worked for a couple of companies prior to starting this company and both companies that were successful had a partner for sales and a partner for the management of the production and some companies have a Salesman that is an employee and they in the other guy and the guy owns the company and that's what's normative actually sometimes two guys get together over a beer and start something up and they end up being partners but anyway I'm not a fan of partnerships that's why I asked so the answer to your question is when can you go full-time is when your income doesn't drop in half yes sir yes so the 42 K was made basically in half year our first sale was May 29th of last year and were we've had about four hundred and eight thousand dollars in sales and our first eleven months and it's going well we've got about a hundred and fifty thousand dollars in the bank at this point four hundred ninety thousand dollars in profit or in gross in gross how well our net from just last year which ended up no I don't know 408 on the 408 what was your net rate around 190 okay then you made your you made as much doing this at your half as you are during the daytime job right yes sir in the last 12 months yes sir okay not not calendar year but the last twelve months so you're ready you can quit I mean if you make 90 doing the thing you love and you can leave the daytime job that's fine I mean your income is gonna drop a little bit because you've obviously had this you 90 times too but I suspect you can make it on 90 and so you're ready I mean I just want you to pull the boat close enough for the dock that when you jump you hit the boat you know and that means get your income up from the side hustle enough that it doesn't destroy your life when you jump over there and so and it's not theory it's not a dream but I think you're on track man be careful partnerships oh they're dangerous this is the Dave Ramsey show [Music] [Music] we take these very strong stances on the air that are countercultural about death about adjustable rate mortgages about 30-year mortgages and we're like this is the way to do it our weird stance has forced you all to become a weird mortgage company I've had the experience of having too much debt as you've had it and so once you've gone through a very difficult financial crisis in your own life you either learn from it or you doomed to repeat it we focus really with intensity don't try to work up a plan that helps them get out of debt rather than spend their life for the mortgage loan the game plan is not to keep you in debt as long as I can the game plan should let you get this home but then let's get it paid off the feeling of freedom is amazing have deep down in your chest you you feel it that the borrower is slave to the lender when you're free [Music] [Music] [Music] there are several things in the news right now where people that have a sense of entitlement they feel like they are do something our quote having their say obviously the Occupy Wall Street folks fall into that category the the same folks same group of folks are the ones that are saying if I work at McDonald's I'm you fifteen dollars an hour and we're gonna head to a fast-food strike the wealth equality movement has at its core a entitlement mentality because I'm entitled to have the same level of wealth as you you're not special you've not worked harder you're not smarter you're not more talented than me and so I'm due to have exactly the same amount of wealth that you have and it's unfair that you have more than I all of those have it to its core this entitlement thing and this entitlement thing is raising up in our culture and for those of us that are on the opposite end of the spectrum it's pretty disturbing to us because it it smacks of a lack of personal responsibility it smacks of a lack of initiative it says that somehow that the only way to fix things is a governmental fix which will be communism basically taking over all of our assets and thereby redistributing them to the entitled ones that don't have the assets and haven't done anything to earn the assets so this entitlement spirit is a disturbing spirits I've been thinking about it because in light of the smart money smart kids book and all the speaking we've been doing on teaching kids how to handle money I'm thinking about where does the spirit come from and really what is the antidote to it because I got to tell you it's highly unattractive I mean the idea that you're do something that you didn't do anything to get that you look up in your own third-base and somebody sent you there and you feel like you hit a triple is an unattractive character quality highly unattractive so why would we ever want our kids to have this mentality because in the marketplace they're not marketable in the marketplace people don't reward this I'm do something even though I haven't done anything to get that thing mentality it's attractive I think the opposite of it is probably gratitude there's an arrogance to entitlement and there is a sense of humility gratitude gratitude says thank you thank you for being my customer thank you for allowing me to serve your table thank you for giving me a job that allows me to feed my family and buy electricity for my kids and Heating and Cooling from our home thank you for working for me and working with me on my team and I'm going to say thank you by the way I pay you and the way the things I do for you if you're one of my team members working on my team thank you thank you Lord for the blessings that you poured into my life thank you as an incredible expression of gratitude and I got to tell you it's highly attractive think about a child in your presence that doubles up their fist and it's red-faced and acts like they deserve something and has a little temper fit versus the child that smiles and says thank you for what you've done for me thank you for this gift thank you for this birthday gift not having a fit because the cake is the wrong color and we've got a whole culture that's having a hissy fit because their cake at their birthday is the wrong color because they think the axis of the world runs through the center of their head so entitlement has a de sense this sense of arrogance how do we combat that well as I said in the corner of at the core of gratitude is a sense of humility versus arrogance and so it starts with humility and humility can then lead to gratitude and humility is not humiliation humility is I understand my place I understand that if I don't do something nothing's going to happen humility then can lead to gratitude and by the way gratitude can lead to contentment but you will never find someone who is entitled who is content think about that that's a little bit profound if you work your way through it and and so this idea of what we want to teach our children are who we want to be as people is I want to start with a sense of humility now humility is not I think less of myself that's false humility humility is CS Lewis said I think less of not I think less of myself it's I think of myself less I'm not was worried about me it's not all about me that's a sense of humility and so we need to work on that ourselves we need to definitely have our kids begin to understand that concept which leads them to the ability to be granted grateful because again if you want to be a highly attractive human being be grateful human being hey guys George Camel here did you know that every five minutes a like button goes unliked on a screen near you pitch in and do your part and donate alike today you might even save a like sacrifice determination you can be intentional about your character you've gotta be on the same page today we're calling to let you know we're debt-free house and every you have done really really good and you're not gonna quit than a huge witness for us to be able to share that it was time to get serious intentionality people this is your show America I know at 22 what I know now our life would be better is the show that's changing the world you live it live from the headquarters of Ramsey solutions it's the Dave Ramsey show or debt is dumb cash is king and the paid off home mortgage has taken the place of the BMW as the status symbol of choice I am Dave Ramsey your host thank you for joining us open phones at triple eight eight two five five two two five that's triple eight eight two five five two two five Rose is with us in Spokane Washington hi Rose how are you I'm fine thank you how can I help well I am looking at what my budget is going to look like after I finished the emergency fund and we're in the savings for retirement I'm fifty nine my husband's 61 and it's it's looking kind of arse I mean when I look at that and I think oh man that you know we've we just found your book in in January and so but we've lived mostly debt-free we just have kind of had here and there we'll say Oh and hurryin paid off but I was looking at that and I'm thinking oh I need some motivation I need to know how to say okay I can do this I can live like that and but I'm not seeing they live like no one else on the end of this because you know such a short time between now and when we retire and it was kind of oh you got any new ideas for how to encourage me well if the second part of them you live like no one else so that you can later live and give like no one else means that you have three million dollars and you live on a yacht in the Caribbean that may not be there you mathematically may not be able to do that you're right but the other the other option is if you do nothing you're gonna be eating dog food that would give me a reason to do it yeah so I mean there's the upside but there's also the downside if I don't do this I got a real problem because I mean you can't live on Social Security and eat that's true okay so we have to do this just just to maintain our dignity now how much debt do you have not counting your own no good and what's your household income it's about seventy okay and saving fifteen percent of the home mortgage no it's paid for two yes okay and you're trying to save what percentage of your income with no debt at all towards retirement well it will be fifteen it should be more than that you don't have any payments I'm trying to figure out well you don't make seven hundred thousand you make seventy right so I mean if you save 20 percent of that that's 14 thousand dollars a year to Roth our two IRAs sixty-five hundred each is thirteen thousand you need to at least be doing that at a minimum yeah does he have a 401 K or you have a 401 K with a match yeah he matches five percent that's why it's that's how we were able to pay off the house I know you say not to do that but you can I start your falling on K you cashed off your four out your 401 K no not cashed out completely there's still 60,000 in it but you took money out and paid off your house how old is he I read your book okay all right has always been to sell it we had six children it's it's too big oh so what one is so four it should sell for about 250 280 okay well what I want you to do is just go to Chris Hogan 360 dot-com use his riq his retire inspired quotient and fill that stuff out and start planning what you need to save you should be able to save a couple thousand dollars a month it's $24,000 a year in that over the next seven years is gonna turn into some serious money it ought to turn into a couple hundred grand and you sell this house and move down in house to something and put another 100 grand in retirement you should be able to create put three or four hundred thousand dollars aside by the time you hit 65 66 years old somewhere in there and that should give you some dignity but you don't have the room in your budget making seventy thousand dollars a year to travel the world and retire with dignity it's not there so you get to choose which one do you want to you know there's so if that's what I mean I don't know there's an it should not be tight here you mean you can't leave it you can't have your own private corner at Target were you just going there and live you know you can't just spend like you're in Congress no you're gonna have to be very very frugal and very responsible but then you will be able to retire with dignity and you'll be able to control your own destiny from that point forward zach is with us in Birmingham hi Zach how are you are you better than I deserve what's up my friend in our hobby investors and we like to pitch ideas back and forth to each other about defense investing strategies recently was a hobby investor I'll just have some just some extra money lying around investors for fun but you're not got to get too serious with it just yeah we can afford to lose it but we also like to you know grow wealth with it at the same time but it's out it's outside of our retirement 401ks outside of home equity all that stuff it's just my name is hog we invest all right there's your home Peggy wait yes okay good what's your household income about sixty okay good all right and your questions what he told me about this new thing called peer-to-peer lending and I was wondering if you've heard of it and it's B what are your thoughts on it's on the investor side well it's loaning money people can't get a loan anywhere else which would be like pretty stupid Malone's vary in terms of like risk interest rates these are all people they're all people that couldn't go the bank if they could go to the bank they would go to the bank and that means they're not credit worthy and that means these are ultra high risk loans and no I wouldn't play in that world not at all not a chance it's a good way it's a good way to learn a valuable lesson called losing your butt and so no I listen I do a lot of investing a lot and I don't have any money and that type of stuff zero and the reason is real simple it's just it's a fad thing it's like buying Bitcoin it's a fad thing and everybody's yakking about it all these people that don't have any money are talking about it but as I study millionaires I don't find any millionaires I mean like 1% maybe that are Hobby investors that play in fad crap and lose their money they're just they buy really steady predictable things and they invest in that losing money's not a hobby of mine it's not one I like and so I'm not gonna be doing anything in peer-to-peer at all zero zip nada you do what you want to do exact but you called and asked me so that's it hey thanks for the call this is the Dave Ramsey show [Music] so what is a 401k 401k is a retirement account you can access only through your employer the name comes from a section in the tax code that first allowed these plans back in the late 70s since then for one case of droning popularity with workers and employers practically overshadowing expensive pension plans with a 401k you control higher money's invested a 401k is a great place to save money for retirement for a couple of reasons first many employers match the money you put into your 401k up to a certain percentage of your annual income so if you put 3 percent of your salary into your 401k and your employer offers a three percent dollar for dollar match that instantly doubles your contribution second the money in your 401k grows tax-deferred which means you don't pay taxes on it until you withdraw it after you retired 401ks grow in two ways one the money put into the fund piles up over the years which is awesome and two compound compound growth happens when the value of the investments in your fall in K grow and you reinvest that growth rather than cash it out just think of it as profit and when you're consistent about putting money into your 401 K and you let those funds grow over your career you can potentially live off that growth when you retired which is also pretty sweet you still need to live your life so invest slow and steady and let the power of compound interest work for you by investing as soon as you can at Ramsey solutions we believe you should start investing once you're completely out of debt and have an emergency fund in place then you're really ready to invest my friend Chris Hogan who's a retirement expert puts it this way investing is like a roller coaster you only get hurt as you jump off early you want to find out how much money you're gonna need for retirement check out the our IQ tool at Chris Hogan 360 com oh and last thing 401ks come with one very important rule that money is for retirement only you heard me only basically this means you'll get penalized in tax for taking any money out of your 401k before fifty nine and a half years old yes in this case the half matters so leave it alone [Music] for more helpful videos like this one make sure you subscribe to the channel so you don't miss a thing so I purchased the time sheer back in 1997 because I was looking for something to do with my kids over the course of 15 or so years that we used it we went a lot of really fun places irreplaceable memories no doubt by 2012 I had a third child who was then 9 years old but my older two had graduated from high school times did change and we wanted the freedom of being able to enjoy vacations wherever we can go when we can go then I did see some advertising for time she writes a team I was absolutely elated because I had had so much regret and remorse over the years for having gotten into the timeshare and I was extremely impressed with how professional they were and how straightened to the point they were in getting me out of my timeshare time changes everything if your timeshare no longer fits your life call the team that can talk to you about options for your timeshare call timeshare exit team today or go to timeshare exit team calm [Applause] [Music] our question of the day comes from blinds.com upgrade your home with blinds.com now through April 22nd get a guaranteed 20% off when you go to blinds.com slash Ramsay that's blinds.com slash Ramsay today's questions from Jay in Arkansas I'm 43 with a household income of one hundred and forty thousand and eighty three thousand dollars in student loan debt other than that our only debt is the mortgage do we have enough time to pay off the debt build wealth and give generously sure you pay off that debt in two years that would be forty one thousand forty one thousand five hundred dollars a year and you would be debt-free in two years out of a hundred and forty you'd have to get by on 100 grand give me a break of course you can do that definitely guys that's a simple thing you can do by the way one of the things that causes you to have hope is the numbers sometimes you get hope from the motivational talk the coach at halftime right and then sometimes I'm that guy sometimes you get hope from me kicking your butt and getting you moving sometimes you get hope from other things but really if you'll just sit down and crunch the numbers you start to go oh there is a light at the end of the tunnel that's not an oncoming train and I it's some simple big math numbers it's not anything is rocket science here I'm not really doing some detailed analysis you look at the shovel in the hole how big a hold of you in how much dad have you got counting your house and or not counting your house either one usually not counting your house and then how big a shovel do you have what's your income in that case we've got a good-sized shovel one hundred and forty thousand dollars a year that's a nice income in case you didn't know the average household income in America right now it's fifty-nine thousand so that's substantially above average but he's got an above-average student loan debt to the average student loan that's 37 he's sitting at 83 but look at 140 versus 83 and you start asking yourself how fast can you pay that off well after taxes you're not getting home with 140 and if you actually wanted to eat you're not gonna pay off 83 in one year 140 minus taxes minus eighty three equals zero right and you're not gonna have any money so we're not gonna do it in one year well what if we break it into two years like I just said half of that's 40 grand forty one thousand dollars each year for two years out of a hundred and forty that's very very doable so that guy should be if he gets on a budget quits going out to eat sells so much stuff that the kids think they're next takes an extra job lives on a budget that I mentioned he needs to live on a budget and his wife is helping him and they're working together if he's married and if you do that he should be debt-free in about eighteen months but a maximum of 24 not counting his home making 140 you should pay off 83 but it's just a ratio of 140 to 83 what if he called what if he told me he had a debt of 150 thousand well and be fifty thousand a year for three years right that's 150 divided by three you follow me and just can you do that on making 140 yeah you can do it but that's gonna be a long three years and they can do it they can they can get there so you just start to look at basically how long is it gonna take him to knock that out so he's gonna be 45 years old he's gonna have a mortgage only can you become wealthy doing that sure you got 20 years left to invest you build your emergency fund and you start investing 15 percent of your income if you invest 15 percent of your income for 20 years you'll be a millionaire most of you certainly if you make 140 K oh and by the way during that 20 years you're probably gonna get a raise or two so we're really not projecting accurately because we don't know what the raises are gonna be a linear projection of 144 20 years at 15% that would make him a millionaire investing in good growth stock mutual funds inside his 401 K and Roth IRA just like we talked about over and over and over and over and over again of course Dave Ramsey doesn't know anything about investing he's good for getting out of debt but Dave Ramsey doesn't know anything about investing you know I've just turned more people into millionaires than anybody else that's all but I don't do anything that's you know that's investing as a hobby and I don't do anything weird and I don't do any get-rich-quick and I'm not trying to play a bunch of risk I simply want to invest in something steady The Tortoise wins the race every time I read the book the hare loses and all these people run around with flash and - he who hastens to be rich will not go unpunished the Bible says get-rich-quick will get your face punched in I'm gonna start buying and selling real estate I have no money but I'm going to start buying and selling real estate 100% down I mean a hundred percent finance you're gonna go bankrupt is what you just said it's just a matter of when because the economy is going to cyclone when the economy cycles all the stupid that you're doing is exposed Warren Buffett said when the tide goes out you can tell who is skinny-dipping when stupid gets stressed tested you can tell what's going on with it it's revealed as stupid when you're making a ton of money in the economy is on fire and white-hot you start thinking well I think I can you know I can do whatever here I can yeah and you do you think you're stupid is covered by just your prosperity but that doesn't mean it's not stupid and but when Snoopy gets stress tested it'll show up don't have to get fancy guys get out of debt use your income is your most powerful wealth building tool and become a millionaire and retire with dignity I'm sorry I wish it was just some big fancy thing but it's really not that's yet that's the whole thing and if you want something more sophisticated than that then you're not following the data points that millionaires follow you're following something you read in something stupid on Motley Fool or something stupid which is aptly named or something stupid on you know CNN Money now there's two things that don't go together I mean think about it really so I mean really why don't you just study what rich people do and do what people do why is this hard if you want to be skinny talk to skinny people go how'd you do that I stayed away from the cookies and I ran five miles this morning all right there's your plan why is this hard it's hard because I like cookies that's the problem but that the problem with my money is not that it's some big complicated thing I don't understand the secrets of the rich no you don't want to control the person in your mirror that's the problem the problem with not my money is the person my mirror if I can get this guy in my mirror to behave he can be skinny and rich the a goes with us in Bakersfield California I Diego how are you good your self better than I deserve sir how can I help you I have a quick question pretty much um we have a house come on salsa we're paying her the mortgage to live there my girlfriend about a finished school will her extern possibly december-january she's going for ultrasound technician so we were wondering would you start working pay check and save it to pay off to buy the house straight out brought my mom also we invest it well I would be 100% that free first accept the home do you have any debt except the home no okay then secondly I would build an emergency fund of three to six months of expenses we call that baby step three okay and once you've got that rainy day fund then I would start investing 15% of your income into retirement and beyond that I would pay off your house early now Diego you don't have your girlfriend's name on the house that you bought from your mother no good you should not have a house you should not own a home with someone you're not married to you will get yourself in all kinds of crap so technically speaking this is your house and she's your roommate yeah okay all right legally that keeps you in pretty good shape and as long as we understand that the problem for her is unless she's got a ring on her finger called marriage if she uses her money to pay off your house that leaves her pretty vulnerable and I would come into her not to do that anything so you know if you're going to start you're going to start living life towards the future together then that's why the law is all set up around marriage and it gives her protection you protection and lots of other benefits by the way so hey thanks for the call man this is of the Dave Ramsey show [Music] [Music] [Music] a lot of things that we've experienced that our this is Karen shape this and made us who we are I'm Vanessa Maureen and this is my husband Eli Maureen and we've been married ten years today it's our wedding anniversary the accident that was a huge turning point for us I just said baby I just need to pray and I said I don't know what's gonna happen but I love you no matter what I love you and if I'm not here anymore it'll be okay I'm so tired of life happening to us from now on I'm gonna start happening to life and at that moment everything changed like my mindset changed I felt it in the environment change the atmosphere changed we held tight and we just said this is it we said I do yours back and we're gonna keep marching forward just gonna keep going life hit us really hard but a life is not bigger than God and not the God we serve it's not I know that he has great plans for us absolutely I have worked with thousands of women running successful businesses and I will tell you at any stage of business it can be scary it can feel vulnerable and risky to put yourself out there on the line but I'll tell you taking this step can be one of the best investments you make in yourself and in your business your dreams should be so big that if God's not in it you'll fail what we plant into our lives is what we get back if you really want it to happen start making the business plan then start getting a radical everything we do say post an online world is impacting the physical we want to equip you with everything you need to start run or grow your business we're going to give you the tools and answers to help you win but also we're going to give you the inspiration and encouragement the excitement and the motivation and most importantly the community of women that are on the same journey that you are what a mom feels empowered her influence and multiplies if you feel like you're not living up to what other people are doing there's someone else's expectations of you that's okay this a bit is about so much more than business because as we know it's not just business it is personal and we want to give you everything you need to take your passion get the plan and win so join us in November in Nashville and be a part of a movement of women stepping into their god-given gifts to make money doing what they love [Music] hey Alexa play the latest album from George Camel I can't find songs by George camels must be broken ok let's try this one hey Alexa play the Dave Ramsey show welcome to the Dave Ramsey show listen there is no good that comes from playing footsie with these credit card companies I just don't meet any millionaires and say that ok Alexa stop I know I did wrong hey Alexa play George Camel on Spotify playing songs by George Strait from Spotify Alexis stop stop all right well if you're looking for the Dave Ramsey show you can use the Dave Ramsey skill on Amazon's Alexa and if you're looking for George camel's latest album sorry I don't know George Camel your outlook sorry I'm not sure about that [Music] listen up small business owners no one knows better than I do how important it is to keep track of your business expenses I remember those days if just one person doesn't pay it can throw your world into a tailspin and that's why I'm excited to tell you guys about fresh books fresh books is a cloud accounting software that makes billing painless it's ridiculously easy to use and it allows you to track time capture expenses and customize and create professional-looking invoices you can also get paid online right from your invoice meaning you get paid faster plus fresh books lives in the cloud so you can securely access it from your desktop phone or tablet wherever you are find out why over 10 million users just like you are already using fresh books start your 30-day free trial today at fresh books calm / Dave Ramsey and make sure to enter the Dave Ramsey show in the how did you hear about us section [Music] your life is an adventure emotionally you just been through the ring not afraid of hard work and you have note that everything in painful life a very very well done you did the hard work and you've done so good you know when you've had it that something has to happen inside of you slow and steady live on less than you make believe that it can happen it does happen every day in America you are the answer God's blessings pouring to and through you are the answer [Music] in the lobby of Ramsay Solutions Dustin and Trisha are with us hey guys how are you I believe them welcome where y'all from we're from Cincinnati Ohio very cool and all the way from there to here to do a debt-free screen absolutely love it how much have you paid off we paid off about $80,000 Wow how long did that take our goal was about a year and we did it in about 10 months way to go and your range of income during that time about a hundred and fifty to one hundred and sixty thousand total pretty cool you must have sold some stuff to make that happen a little bit at the end Wow then you have lived on nothing for sure yeah we had a little money saved up we are no fraction was saved and then we got really really focused now okay how much did you throw at the from savings probably about ten thousand after like the second month to say all right we're really gonna do this really game owned okay so what kind of debt was the 80,000 it was all home mortgage I'm looking at where people that's right I love it way to go you guys so 10,000 at it and got after it and I guess that was above your emergency fund then at last good and there's some extra money so to speak and then you just knock it out we're gonna be done forever how old are you guys I'm 47 I'm 44 and you're a paid for house what's it worth I have to ask a realtor I don't know 200 about 200 okay Wow way to go guys boom boom I love it and the Hawaiian leis so I'm guessing we celebrated or are tell me what's up with that well along the way there was another caller that had these links on their mantle and we submitted some pictures and we got green ones for every thousand dollars so every month we gathered the kids and we had a little ritual where we would cut off the links and as we paid extra on the mortgage we had the new payoff balance we would cut it off we would take turns cutting the links and gutting the chains of debt and get out of it and the very last one was a red one because our goal was once it got paid off we were going to take the vacation of a lifetime and take these guys to see the volcanoes in Hawaii and then see the lava and so that's the plan through this summer oh your god is scheduled for the summer okay so you're going to the Big Island yes sir yeah I love it that's a great trip man absolutely very cool so the guys are here they're ready to go to Hawaii what are their names and ages we got a Andy and he is how old 14 14 and we got Tristan Howard 11 11 11 yeah okay and the DMZ principals they they don't get any allowance they spend they save and they share with their own money mm-hmm that I get a commission they are and that's right and this one just spent some of his own hard-earned money on one of the books in the the go-getter oh wow Wow well thank you for your business sir Wow very cool so what got you guys so intense ten months ago what happened these boys we were looking at some financial records at the end of 2016 and and Tricia was like how much do we owe in the mortgage it she's like how do we owe that much and so we what we pay a little extra for the next couple months we could hit a milestone and apparently heaven at 85 thousand owed wasn't a good enough milestone and she says what are we got to do to get it paid off faster and we want to make sure we got a paid off before this guy starts high school next year okay so that was like we want to be with the weird people and not have this debt over our head and we wanted to take the trip but we didn't want to take it while we're in debt it wasn't able to enjoy it mm-hmm yeah Wow yeah and so what's your connection to us or are you listening on the radio or what just been listening forever he's been listening for well over 18 years 18 years ago he cut up my credit cards and kept talking about this guy Dave Ramsey and so we had one foot in the water for quite a few years and then when we just put both feet in and got gazelle-like he talked about with the mortgage we never carried that but with the mortgage we wanted to do this big trip and we knew there was no way we could do it with having a mortgage payment we had to get rid of it and do it as a celebration when you paid it off did you feel a release absolutely yeah and we shared a tremendous we got a picture of going down with the Tyler and hander the check together in person and said this is our last payment we've got pictures in the lobby at the bank really we're here today we just want to make a memory with you we appreciate your show listening to you driving all those miles late nights the whole thing Wow and I want these guys get a little taste of it so in the future that they can have a big bright future and go as far as they can go mother your family tree has changed and these guys get to remember the day that you celebrated that tipping point that's today what's that on you guys like a great legacy very very very well done so what do you tell people the key to getting out of debt is just lending this one yeah focus some discipline and working together right they haven't having a common goal mm-hmm and it was funny once we started on just like you say it's like all right the acceleration the math doesn't work once you get focused on it you'll find ways more money will squirt up that the math will work in your favor things will get paid off sooner than what you had hoped on we're nothing special we've been doing the the you know the 401k and some money in a Roth IRA for a long time and being a little too comfortable with having a mortgage and we just wanted to say you know what we're done with this we're getting it over early and we don't know a dime to anybody love it yeah very very well done very well done what was easier about this than you thought it was gonna be I think for me it was the momentum you came in two months early I mean yeah the momentum the sacrifices were at the same time the hardest part and the easiest part because the questions just kept coming up for me what do I want more do I want what I'm looking at that might be $10 $50 do I want to go out to a restaurant or do I want to get rid of that mortgage payment and go to Hawaii restaurant on the Big Island basically you know every decision was like that is like I do I want this more do I want to be out of debt and because I've had good restaurant food before but I think not a debt before yeah how long have you guys been married going on years almost thank you have you ever been debt-free while you were married no never okay well done you guys you're gonna have a blast in Hawaii you've earned it I'm so proud of you congratulations thank you very very well done we got a copy of Chris Hogan's retire inspired book for you that is the next chapter in this story you guys be calling us on a millionaire theme hour now and telling people how to be millionaires cuz you're right on schedule to do that very very well done so proud of you good job alright it's Dustin and Trisha and the interestin from Cincinnati they paid off their house people $80,000 in ten months a hundred percent debt-free making 150 to 160 count it down let's hear a debt free scream three two one we're dead [Music] so later you get to live and give like no one else that's how it works right there man you don't have a house payment you know how often you can go to wife bout anytime you want doesn't take long I mean make one hundred fifty hundred sixty or zero payments in the world I think you can find some money to do some fun stuff don't you and in the process and still have enough to become very wealthy which enables you to find money to do fun stuff which enables you become very well I mean it is this is amazing this is at the math on this stuff will blow your mind to not have a payment in the world you know a good way to start this out is to start it out when your college student you got anybody you got a kid going to college you know a kid going to college you get read by you know you got the friends kid that's graduating from high school getting ready head off to college your kid is getting rid off college you need to get them the graduate Survival Guide because the average college student is going to run up $37,000 in debt that's in the stupid zone now we create the perfect gift it's called the Graduate Survival Guide five mistakes you cannot afford to make in college Anthony O'Neil Ramsey personality is the author co-author Rachel Cruise it is a national best-selling book and it unpacks the five most common mistakes college students make that they regret for a decade check it out the Graduate Survival Guide Dave Ramsey dot-com or call customer care they'll help you triple a 22-piece triple eight to two seven three to two three [Music] my name is Cynthia Stevens I was born and raised here in st. Petersburg Florida I'm one of 19 children I'm the baby of nine and my parents had me when they were in their forties I got an allowance and I always had a job but they didn't teach me like the mechanics and maintaining good credit that's what I was taught [Music] right after graduation like that of us went into the Navy while I was in the service I really was not making any money but you know the salary was very low trying to raise two kids after that salary was very difficult when I got out of the service my sister was like you should go into the nursing Cynthia so I started taking I had to start from the bottom so I just kind of worked every weekend and on you know just kind of work my schedule around school but I still had to pick up days I had the support of my parents so they really helped me out alive and I knew the antis would justify the means [Music] I graduate from the anesthesia program start working and I'm thinking who I'm making a big bucks I can do it but I was talking to God to eat and I was like oh what area do you like what you know tell me what area what kind of car do you have or whatever trying to figure out what kind of car I want so Dada even gave me the total moneymaker of a book for Christmas as a Christmas gift I could not put it down I stand up reading it and it just like a life of just immediately came on so I'm like I don't have it together this is a mess [Music] the hardest thing for me during this debt journey not being able to live the lifestyle that I felt at the time I deserved that first year was the hardest for me once I got into a routine and a role it became easy and you learn to you learn better habits it just takes time you just have to go through the process [Music] we all have busy lives I get it but being busy doesn't mean you get a pass on maintaining one of the most expensive appliances in your home I'm talking about your heating and air system the simplest thing you can do to extend the life of your heating and air system is to replace your air filters regularly that's why I'm a huge fan of filter by comm filter by automatically sends any size replacement filters to your home or business when you need them you can schedule them to arrive every month or every three months it's up to you it's so convenient you never have to worry about finding the time to pick up air filters filter by comm is your one-stop filter shop for well priced air filters in any size you need plus they ship free within 24 hours you can buy one or buy a bunch and when you sign up for auto delivery you get an extra five percent off you literally set it and forget it get started today at filter by com [Music] [Applause] [Music] Richmond Virginia is calling heavenly is on the line welcome to the Dave Ramsey show heavenly hey thank you for taking my call how are you better than I deserve what's up in your world well my husband and I we had our child last year I was working a corporate job and I got the job to stay at home full-time with my son as well as pursue my business that I had full time and we realized this year that the income that I had working you know full-time I wasn't I'm not bringing it back yet working from home and staying at home with my son full-time and was wondering you know should I go back to work we're trying to pay off our last debt which is the student loan only seven thousand we paid over fifty thousand so far in the past three years but we have one that we want to pay off what does your husband like he's 38 to 40 thousand are you living on that yeah okay so you can make it on that right and what did you use to make 35 okay what do you make now at your business now we're out 15 okay what kind of business Virtual Assistants okay good good okay all right so that you're kind of freelancing in that sense yes okay and we want to definitely try to you know get extra income I'm you know definitely want to continue working from home you know with my son but also we want to you know finish off all the baby steps and you know live freely all I want you to to but I think you want stay home with your son yeah and I would if it just means that some of the other stuff is gonna go more slowly and you trading that for time with your son that's a good trade mm-hmm okay but until like how should we pay off this last yeah you work your debt snowball you work your baby steps just like before but you just have $20,000 less income right now to deal with to be able to do it so it's slowed everything down and so you're just moving more slowly than you were moving before right yeah because you used to make 35 now you make 15 and that's the difference in the math for you but that's the trade-off that the speed at which you accomplish the baby steps and build wealth and so on is the trade-off for you being able to be there with him right now and I think that's a good trade personally if that's what you want to do if you want to be a career mom and be in the work place and then go do that but I didn't hear that I heard I do I have to go back to work to hit these financial goals but I don't really want to mm-hmm that's what I heard did I hear you wrong no no yeah you heard it hurt you heard right we just want to make sure that we can pay finish paying off our debt thank you thank you can it's just gonna go more slowly okay I mean can can people pay off 7,000 dollars in debt that make a household income of 53,000 dollars yes again they do it all the time and that's what your household income is now what I do want you to do that I think we can work on let's see if we can do some things with this business or even another business idea while being at home without ruining the time at home and to grow another business so I'm gonna send you a copy of Christie Wright's book business boutique equipping women to make money doing what they love and I want you to jump on the business boutique website and start learning from that community and from Christie on how to accentuate and start and run a business and make it even better make it even more profitable I mean that would be that it be wonderful me what how cool would it be if you start making like seventy thousand from your business or something maybe it's not a virtual assistant business I don't know but I mean while you're at home your kid people do stuff like that those things like that happen but you just kind of have to think about it and focus on it but the natural tendency to just go back to work - that $35,000 job I wouldn't if I were in your shoes we took a pay cut when our first one was born because shurn came home and that's what she wanted to do she did not want to work with the kids and if you want to I'm not mad at you okay I'm not saying you how you're a bad mom or anything like that either way it's what you want to do love your life not there the Rachael Cruz says right what do you want to do and Sharron wanted to come home and she's been a full-time mom ever since you know 30-some years now right all right Hosea is with us in Los Angeles hey Jose how are you how are you doing better than I deserve how can I help that's awesome thank you for taking my song a long time longtime listener first-time caller I know I'm a little nervous I'm 47 years old and this um this will be my first time getting life insurance for me and my wife and so what I'm getting quoted by vayan advisors is a term of $300,000 for 30 years at like $84 a month and from my wife at 250,000 for also 30 years around thirty thirty dollars a month which averages out to around 114 per per month as well as like fourteen hundred dollars a year but I'm just saying is that enough for me I don't know I don't know it's 30 years enough I don't then I need 30 years you're only four you're 47 years old why do you need 30 years of insurance yeah that's what I was thinking that's why I called you know we recommend 15 to 20 year level term depending on the situation somewhere in there do you have children you have a 20 year old daughter and a 17 year old daughter well in 15 years they'll both be gone right yeah okay and in 15 years you should have your house paid off and be a hundred percent and be a hundred percent debt-free that's the stuff we teach here I planned the only thing the only debt I have is my home and it's time to pay that off sidle around a thousand five point plan to pay that off in like four years so 15 years from now you're a hundred percent debt free and the kids are grown and gone okay fifteen years from now you should have been investing if you're listening to me putting at least fifteen if not more percent of your income into retirement and so fifteen years from now you should you'll watch your household income fifteen years from now you should probably have say seven or eight hundred thousand dollars so if you have seven or eight hundred thousand dollars in your 401k and your IRAs and mutual funds and the kids are growing on and you have no debt and you die can she not make it I think I think she and did you become self-insured by building wealth and getting rid of debt that's that's kind of what I was thinking and I do invest fifteen percent of my income and I do have probably accounts worth around eight seven hundred fifty thousand as I speak already there alright good for you so she don't you don't need you know you don't need fifteen years of insurance you may only need ten yeah that's that's why I wanted to you're gonna become self-insured your need for insurance is not perpetual okay cuz the point is to make sure your wife is okay if you die or if she dies you're okay and the kids are fed in the house and everything's taken care of right well dude you're just about there now and I was quoting at plus both her a nice yeah well to get a ten-year and what you can shop it against this guy was Xander go to Xander insurance calm and shop it on their site they'll shop among that their site will help you in about 10 seconds shop among a gazillion different companies and get you the best possible deal anywhere and I think it'll probably be even beat the stuff you're talking about but I don't you mailing it you probably do only need a 10-year policy and I would get about 10 times your income on you and about 10 times her income on her and your for ten years you're gonna be you got this you're fine you're gonna be self insured don't overbuy own insurance insurance is there to cover things you can't hover that's the only thing you buy insurance for things you can't afford to cover you can't afford to cover your house if it burns down you can't afford to take that risk so you buy homeowners insurance you can afford to replace your television so you don't buy insurance on your television called an extended warranty you can afford to replace all these little gimmick insurance things right so you self insure through that stuff and save the money even on something big like life insurance eventually you can get there and that's what we're teaching get out of debt get the kids grown and gone and build a big pile of money and your need for insurance goes away well done sir very well done this is the Dave Ramsey show [Music] [Music] [Music] people all over the country are in need of a good dentist but don't want to break the bank at the same time great dentists are looking for new patients to help at one dental calm our task is to help connect the two with discount dental plans a discount dental plan is like a membership club where you pay a little each year and save a lot each time you use the plan this works because there are over eight million members dentists like this too because they get more patients and can keep their practice running to start your savings pick the dental plan that's best for you choose a dentist that's nearby and save 15 to 60 percent on the dental work you need join us today at one dental com there's no waiting and you can use the plan immediately everyone is accepted and there are no limits on use one dental com [Music] [Music] [Music] [Music] you're trying to impress people that you don't even know and that's not you my hair those clothes it's not me that's not who I am you just have to live within your needs and you have to take responsibility for yourself and for your actions if you have a debt you pay the debt at the time we could sell back our vacation if we didn't use it we got a Christmas bonus any extra money I could get I would use it and using cash and figuring out okay once it's gone it's gone so I really need to watch it and be mindful of it your boundaries are only the boundaries that you set for yourself I'm not afraid anymore and I look forward to the future being single going through the baby steps is bittersweet you don't have to be accountable to anybody but you don't have anybody to be accountable to I really think the the radio show in the podcasts are really good you can see other people and you can hear their ideas and see what they've done so I kind of used the radio show in the podcast as our outreach to get support I feel many people can make excuses for why they cannot get out of there and your race creed color sex is not a determinant factor of your experience on this debt free journey you can do it it's for everyone that that has the mindset to do it you you have to sacrifice some things but you can do it I really never seen myself being college educated so I didn't see myself being able to accomplish much but you have to believe in yourself so it took me four and a half years to pay off two hundred and twenty thousand dollars and the reason I felt that it be so important to pay it off is that I did not want that weight on my shoulders for the rest of my life because I felt like I will always have student loan debt and I would always have you know died owing someone it was just a small sacrifice for me to be able to stick to the plan and do what I needed to do to get out of debt and do better for myself and for my children two three [Music] [Music] all your single moms out there listening if you don't think it can be done that was for you I grew up in Greenfield Indiana a small hard-working farming community where the majority of people have the mindset that you have to be in debt in order to be successful so when I had the opportunity to have the Foundation's class in high school I learned that that's not necessarily the case you don't have to go into debt in order to be successful so this is my classroom where I took the foundations claps in high school about four years ago I sat right over here where mrs. grass taught us exactly what the different principles are so that we can stay out of debt and one thing that really hit me was that I could graduate college debt-free to three months ago she contacted me by text and she said I just wanted to let you know that I just graduated college debt-free and it was just wonderful to hear that the kids are behind what they've learned in my class I did a lot of Pet Sitting type of jobs I had an account specifically made that was for college and I put almost all of it in there I went in with leave I had seven scholarships I applied for 52 while I was in high school and then I had a couple that waited and they would only give it to me once I finished my first year and then that's when we started kicking in some of our savings when we talk about how you can go to college debt-free they again don't believe that that's not possible I need to get lots of loans and so it's really cool to see their faces light up when it starts to click in and they can see that oh my gosh this is reachable I can do this and then when I get kids that come back and tell me how successful they've been that's like the ultimate by taking foundations and learning those skills and getting that valuable knowledge I can be whatever I want to be I don't have to be restricted to whatever the first job comes my way I can afford basically to be choosy so I think it would be really great and beneficial to all students if they could be taught foundations class and really basically get that foundation of finances and how to be smart with their money so that way when they go into college they can build those habits there that they can then use in their life once they get out of college and continue that streak of save debt-free [Music] sacrifice determination you can be intentional about your character you gotta be on the same page they were calling but you know we're debt-free house and everything you have done really really good and you're not gonna quit than a huge witness for us to be able to share that it was time to get serious intentionality people at the success this is your show America I know at 22 what I know now our life would be better is the show that's changing the world show you live it live from the headquarters of Ramsey solutions it's the Dave Ramsey show where dad is dumb cash is king and the paid off home mortgage has taken the place of the BMW as the status symbol of choice I am Dave Ramsey your host the phone number here is triple eight eight two five five two two five you can follow me on Twitter at Dave Ramsey on instagram at Dave Ramsey and on facebook.com slash Dave lots of people going social all around us Chase is on Twitter can you explain to me how using only cash is beneficial well I don't use only cash I use I pay things over the internet all the time and I use a debit card obviously for that and I use a debit card at the gas pump and a few other places here there here's the thing money is weird there's it it activates portions of the brain let me give you an example okay in the internet world including it Ramsey solutions when we put something on a website the harder it is for you to buy something the less likely you are to buy it you won't follow through on the transaction it's called friction in the internet world if you've got to stand in line at a store some people just put the thing down walk out of the store that's friction the harder it is to buy something the less you buy that's the thing one you need to remember now there is such a thing as emotional friction now what I mean by that is this in your mind right now or physically if you want to I'm gonna do it take your wallet out if you have one this is my wallet I have a money clip I carry in my front pocket with hundred-dollar bills so there's a hundred dollar bill right lay that $100 bill on in front of you with Uncle Benjamin Franklin's eyes piercing into your soul okay put beside that your debit card right put your debit card beside adore your credit card beside it now there's a couple things that happen when you spend the cash it hurts it creates emotional friction it activates the pain centers of the brain actually MIT did a study with MRIs and they were studying consumer behavior and when the consumer spends cash it activates the pain centers of the brain when you make the exact same transaction with plastic you do not it does not activate the pain centers of the brain you don't feel it and so you spend more when you spend with plastic than you do with cash tons of studies showing this the average purchase is 12 to 18 percent more that you will spend in a fast-food setting using plastic you will spend 70% more in a vending machine in the hotel lobby you will spend a hundred and seventy percent more double-triple the transactions when you use plastic yeah I'll take chips and a coke and a candy bar right but when you're actually putting these you have to feed that dollar in that thing right you actually feel that and you spend way less so all of that is is emotional friction you need to be aware of that the other thing that happens is this think about this here's what's interesting yeah when you were a kid if you're if you're an old guy like me you might have traded marbles with your friend yeah marble and you trade something you were trade something with someone you give them something they give you something there's an exchange you hand them something they hand you something see that's what happens when you pay with cash you hand them green presidents faces they give you the item think about what happens with plastic you give them a piece of plastic they give you your plastic back and they give you the item isn't it subtle that there was no exchange that occurred you didn't make a trade you got your plastic back and the item because you would never leave the transaction without your own credit card or your own debit card with you right but think about how subtle that is visually and how that activates the brain so all of that to say that when you spend cash you're more aware of your spending here's an example you got to eat when you're paying cash and you lay a hundred-dollar bill in that little black tray Uncle Ben's coffin you know it's his coffin cuz he ain't coming back you just killed the old boy off he's gone right yeah black tray goes away you don't ever see Uncle Ben again he's gone Benjamin Franklin is out of here but when you spend that plastic bout guess what comes back the plastic and you have a tendency to spend more on alcohol more on desserts and pick up the other person's tab at the restaurant when you are paying with plastic then when you're paying with cash this is why mcDonalds was the first one all these years ago in the fast-food business to start taking plastic one hours when I first started this show 25 years ago nobody took plastic at all in fast food and they didn't take it the grocery store either you wrote a check or you paid cash and fast foods 25 years ago or you pay cash you wrote a check or you paid cash and because it was scary to people to think that people might actually run up debt buying groceries or run up debt buying food at a fast food place but McDonald's changed all of that and it wasn't long after McDonald's did us they did a big study on behavior and and they found that you spend 78 percent more you know I'll supersize that ball put fries with that and I'll pay for his too and give me the apple pie when it's on plastic when it's cash it's like dollar menu baby changes everything when you spend with cash it changes the transaction now all of that is important to think about it think about stuff like Apple pay with your phone see that's even worse because you're not even handing them a form of payment you're just waving a wand your phone you're like freaking Harry Potter buying stuff here you just wave to one and got free stuff that's Apple pay even less emotional friction these different methodologies would pay the less emotional friction there is the more you're gonna spend now our none of this is evil it's not like that's the mark of the beast I'm not saying anything like that but what I am saying is is if you're gonna get control of your money you have to understand what is being done to you by these companies they are managing your behavior so when you spend cash it changes your behavior function so especially when someone first starts doing a budget and trying to get out of debt and work the baby steps I'll put you on a bunch of cash at that point a bunch of cash I still tip with cash like a valet or always leave some cash on the bed as I leave the room at a hotel for the maid cuz those maids work hard man you know or if you're gonna tip you tip with cash because you know what you get you get this response like but if you just include it on your bill nobody even sees it nobody feels it I want the server to be honored by the trend but it's up think about how that works and it'll change the way you look at cash cash is an important part of your financial turnaround [Music] all big-time extraordinary things start from ordinary things and they start from changing the ordinary habits in your day-to-day life [Music] in a heart filled with gratitude there is no room for discontentment kids develop their identity by getting clues from you about what you think about them feel about them and hope for them and they become who you think they are is there anything in our life today that we can take more seriously you be here today it is that serious conflict becomes the price we pay for a deeper level of intimacy we get focused and we start to get intentional things can happen you all do you need to choose the opportunity and avoid the chances today could be the day that literally your life changes be open to that receive it that we believe it'll happen when we start to try to control everything around us we get out of control of the only thing we're designed to have which is self control you can create your entire business around your life versus your life around your work and your decisions from today forward will affect not only your life but your entire legacy [Music] [Music] what is it that you can do to become better to take your life more seriously how much you have a real plan for your life and I want you to have it for your money learning to steer clear dad helps you live caliber of your life is going to depend upon the choices you make right [Music] our high health care costs getting you down are you confused trying to navigate the health insurance world do you wish you could find an affordable biblical solution to your healthcare costs based on New Testament principles Christian health care ministries are CHM helps christian families churches and businesses join together as the body of Christ to share their major health care costs as a CHM member you can go to any doctor or hospital you prefer you aren't bound by an approved healthcare provider list and all treatment decisions are made between you and your no treatment approvals are ever part of the CH and experience for tens of thousands of Christians CHM is a trusty affordable and Biblical health care solution and it can be the solution for you as well visit us online or call today to learn more about how we can serve your family church or business Christian health care ministries one eight hundred seven nine one six two two five CH ministries dot org [Music] couple of you said some nice tweets after that last teaching session thank you appreciate that that research is interesting and the knowledge of some basic things about money like that will cause you to handle money better that's the kind of stuff that is in the massively popular program Financial Peace University over five million people have been through this program they have learned how to make and follow a budget save money for rainy day get out of debt why so you can build wealth why so you can retire with dignity and change your family tree you live like no one else so later you live and give like no one else if you want to get into Financial Peace University it is a one-year membership it includes every dollar plus where you connect to your bank with every dollar budgeting app it includes one year of access to all the videos and all the teaching online and you join a group and go and take the course usually at your local church there's about 10,000 groups operating at any given time you want to know more about this just go to Financial Peace University check it out at Dave Ramsey comm and we will show you how we can walk with you over the next year or longer but at least a year and get you on this plan get you going but you gotta have the knowledge of these things when you have the knowledge of causes you to behave differently knowledge is power especially when it comes to money John is with us in Boise Idaho hey John how are you better than I used to be how can I help I appreciate you taking my question sure hub I'm debt free except for my house I'm 66 so I'm looking at retiring in the next couple of years at least semi retiring good I currently moved 20 miles away from my house and I'm living in a company house which I can stay probably as long as I want I'd like to sell my house and I've got probably about $100,000 equity mm-hmm I'm considering buying something over here is the prices are a little lower okay miles the ways I'm wondering if I should save it or put it into another house and rent that house out temporarily or what your advice would be on that either one would be okay the downside of renting out a house that you're too late are going to live in is that you're gonna probably end up you know given it some once overs once the tenants are gone and it may be I can end up doing some renovation of some kind usually that's the downside of that because typically you a rental property is at one level and the home you wanna live in is at another level as far as interior condition and so forth so that's what you just got to consider there that do you really want to put renters in something you're gonna move into later I don't know that's okay it's not a bad thing to do especially if you sell that and pay cash for a nice house that's rentable and you can make some money while you're waiting how long do you think you'll live in the company housing I could live here as long as I want they fixed it up especially for me so I've got some special features here that I don't even think I'd put in my own house granite countertops things like that you know if you're not working there you can't live there right I think they let me stay as long as I wanted okay if the rental for them and they've just allowed me to move into it it's closer to what I work mm okay but I mean like if you're 86 20 years from now you're still living in the house I think they'd allow it okay thank you just no matter what you want to do then yeah so if that's the case I probably would buy a property and start renting it even if you turned around and sold it later and bought a house to live in that was different or you turn around later when the renters move out and like I said do a little renovation and get it tidied up and move into it that'd be fine - josh is with us in Lynchburg Virginia hey Josh how are you good how are you doing they better than deserve what's up all right so I'm a single male 23 years old with a relatively low income what is your like I bring home 19 thousand a year okay my only day is the car was I am six thousand dollars upside down on its I always fell upon it and I'm curious as to with my considerable low expenses per month if $1,000 mergency fund is still required or if it could have a little bit less than I it's like 750 and how much I should have in my bank account outside of my emergency fund at all times well you you want to keep just a floor in your bank account just to keep from bouncing a check and you know you just pretend like that money's not there a $50 floor 100 Olive floor whatever it is the emergency fund is a real emergency fund Josh is three to six months of expenses do you live at home no I live in an actual awesome living situation i rent out a room from my friend's condo okay cool all right so you've got rent you got a car payment a full emergency fund it's three to six months of expenses of what it takes you to live now while you're working the baby steps we say baby step one before you get your debts paid off is $1,000 I think in your case I don't want to have a thousand dollars laying there and then let's get in the business of getting that car paid off you working forty hours yes with forty hours sometimes when summer hits that we're construction so there's a lot of time for overtime good let's take a bunch of overtime or pick up a side job one of the two let's get this car paid off get your income up okay okay what are you gonna be doing when you're 29 in for a career or career wall I plan on right now I'm in school that my work is paying for and I plan to get my journeyman's card then hopefully my masters card and doing an electrical business self-employed good for you that's a good plan okay man get after it you're you're right on track yeah just keep scratching and clawing do but let's pick up all the overtime we can't get rid of the debt and then build you an emergency fund of three to six months of expenses get that car paid off at 12,000 I need $12,000 but for you extra income between now and September want the car paid off now Brantley is with us Bradley's in Jacksonville Florida hi Brantley how are you hi I'm good how are you better than I deserve what's up well Dave I'm I'm actually engaged to a Christian I'm going through baby step two and I'm getting married in three months congratulations thank you now being non-christian they're now engaged to one I'm in the process of kind of understanding and adapting or more to Christianity but it looks like I'm kind of heading towards that way but I don't completely understand the tithing and I'm a very giving person however my logical brain is thinking whereas I'm when it going is it being distributed well who is it helping now when I get married of course our income is going to be together so I'm okay with tithing that's what she wants now my question is it's kind of a two-part question one should I tithe even though I don't completely understand it yet and I'm unsure or and two should I feel guilty giving a smaller amount than 10% warrants a before the wedding and getting out of debt mm-hmm we don't do anything the only kind of Christianity that has guilt trips and it is toxic so I'm not going to make you feel guilty about anything all right and I don't think your heavenly father who's crazy about you is gonna make you feel guilty so that's not that's not what we're doing the thing I look at is this the Bible says if we being evil meaning like you and me if we being the kind of people we are not perfect people know how to give our children good gifts how much more so our Father in Heaven in other words in as bad as we are we're still good to our own kids right and so God and your heavenly father's holy so he's gonna be like loving to give you good gifts so that that's the thing he didn't teach you to tithe in the Bible because he wants your money or because that church needs your money he taught you to tithe because as you've already discovered even as somebody who didn't isn't a Christian you've already discovered that giving living generously is a wonderful character trait it Kight changes who you are as a person when you give read every deed yet and so that's why the Bible teaches tithing and giving a tenth of your income and other other giving as well called offerings is because you're your father your heavenly father who's crazy about you has a plan for you says hey the best way to live your life is be a giver cuz you're gonna be the best kind of person that way and you're gonna have a wonderful life that way and so there's no guilt in any of that there's no guilt and there's no rules and there's none of that it's just a lot of grace and a lot of love and a lot of generosity and that's how I would go out this [Music] what is your net worth we have right at 2.2 million my name is David this is my wife Leah and we live in a small little community outside of Houston Leah's very outgoing energy and I'm the steady doll guy for David and Leah life is just as much about the journey as it is the destination they make the most of the present even as they look toward the future the couple both contribute to their lifestyles and distinct ways while Leah finds clever ways to save and is more of the free spirit David is a man that can get things done well when Lee and I first got married no you have these dreams of wealth family where I have so many children and running this house and we don't do this run do that and a lot of those plans took different directions and the timing may not have been right but you know of all those plans none of them had to do with being a millionaire I was just wanted to experience the next day are we I mean I can speak I think for both of us that we didn't grow up with a whole lot and I had a car dad had furniture dead oh yeah I was still paying on one little bit of a college loan and and when we got married all he had was a car and a bet we spent the first few years oh you know maybe I don't know the first two three years paying off my debt and so thanks and then we just were a living life we didn't have a plan I guess you know in our culture and our culture is really not friendly towards people who are really trying to make a plan for their money and everything about our culture says this is what success is this is what you need to look like you need to look like you're rich and I will say that there was a time when I felt just pressure from our culture to be something that I'm totally not because it's easier for people that are making tons of money but if you're on normal income you really have to walk against the flow of culture and that's tough that means you got to be weird as dave says yeah we met in our church Oh - Dave Ramsey not the face you know how I got introduced to Dave Ramsey as a radio show I started lifting years ago and I listen pretty much every day dave says things that we adhere to well I like that one thing where he says you know people spend money to impress people that they don't even like honestly I spent so much time and negative emotions looking at other people oh don't spend any time with negative emotion get a gold go for that put that emotion into a goal when I got a goal I lost all those negative emotions and that I gotta say that was one of the best things that that happened through this whole process our fast-paced culture can be challenging sure but setting goals gives us the advantage we can see clearly where it is we're going and through a series of small victories Leah and David were able to become millionaires instead of spending money he was out in the front yard playing football baseball wiffle ball with the kids I know that there's a lot of people out there live in a lifestyle that they cannot afford and that is stress and it ruins marriages it whereas family's not worth it three discipline comes freedom and today's a good day start making small victories because it has been a series of small victories and a lot of setbacks too you know but you can't get discouraged by those things my encouragement would be to set your financial goals because if you can stay focused on that goal that's one goal that gets you closer to the future it's not about money it's about character and denying yourself those things somehow build some character you know if we can start pretty much almost at the midpoint of our marriage there's hope for everybody taking every moment captive for David and Leah hasn't hurt their future because their lifestyle was in place but when the time comes they're ready to retire and stay as inspired as they've been since the beginning [Music] here's a smart easy way to save money change your air filters changing your air filters regularly lowers your energy bills and if you don't change them you run the risk of burning up your motor and having a huge HVAC repair bill I don't care how busy you are my friends at filter buy.com make it incredibly easy to change your air filters as often as you want filter by automatically sends any sized replacement filters to your home or business when you need them you can schedule them to arrive every month or every three months it's up to you it's so convenient you never have to worry about finding the time to pick up air filter filter by com is your one-stop filter shop for well priced air filters in any size you need plus they ship free within 24 hours you can buy one or you can buy a bunch and when you sign up for auto delivery ya get five percent off you literally just set it and forget it get started today at filter by com [Music] [Music] [Music] Randy and Sarah are with us in Wasilla Alaska hey guys how are you hi Dave we're doing great excellent sir good to have you I see on my screen your debt-free yes we are there might be another Sarah from Wasilla we were up there last summer is a great place you guys live in a beautiful area yes we do so how much dad have you paid off 48 months good for you well done and your range of income during that time very cool good for you guys that's great what kind of debt was the one $95,000 of Randy student loans how old are you guys [Music] 31 when I'm 34 30 years old and you got a paid-for house that's amazing what's the house worth probably 250 to 270 way to go how does that feel that I'm a house payment or anything that is so amazing well done well done so the ring and 48 months and you're 31 and 34 so this must have been you got married four years ago yeah so you come back from the honeymoon and go pay off the ring pay off the student loan we're going to keep plowing go through the house tell me the story what happened [Applause] yeah so we we started like I said four years ago my my brother Keith actually mentioned your book and him and his wife were doing the you know baby steps and so we went to the library picked up the Total Money Makeover and you know since then we basically just drank the kool-aid Wow and you just leaned in and just paid and paid and paid her and have to say that one hundred five hundred thousand of that was actually paid off in the last 13 months so we really just kind of hit the accelerator and and hit it hard well you see the light at the end the tone you just pounding it up yes exactly it's like I can see the finish line I'm sprinting for the line yeah well done well done what do you tell people the key to getting out of debt is you paid off your house and your 3134 yeah definitely Dave the you know it's definitely dividing dividing that budget and you know following a plan and you know making sure that you're accountable to yourself and and of course I sit together and you know we've definitely done that every month but you know back in the first year though there was a couple months back to back that we didn't do a budget and you know after some of that time and things just started to fall apart and we're like all right we gotta you know get back on this budget and follow through with everything that we said we do and that's that's how we did it was we were attentional so well so you did it all off the Total Money Makeover book okay all right cool very cool very very fun I love it well your brother-in-law sets you up man yeah yeah we recently just you know finished the our first SPU class yes so we were pretty excited to teach others and you know hopefully it's infectious for as well well if having you guys stand up in front of the class 100% free doesn't infect them nothing will man that is infectious that's amazing very well done very well done so how in the world how does it feel to be your age with a paid for $250,000 house pretty exciting and we finally celebrate by going to Hawaii once we hit that baby step seven but we're even more excited about looking into the future and being able to live and give like no one else that's a pretty awesome thing to look out into the future that way yeah very cool so you did the Hawaii trip to celebrate yep where did you go in Hawaii Maui oh that's a nice Island okay yes what was your favorite part about that trip actually being just the two of us on a vacation that we hadn't done in a while and and and relaxing very cool it's a beautiful beautiful vacation that's a great one very cool that's fun you guys what do y'all do for a living our mechanical engineer and I'm a nuclear medicine technologist excellent wow you guys are on fire this is so awesome I'm so proud of you did you have people cheering you on or thought you were weird probably more so people looked at as a weird yeah we definitely had some cheerleaders and like like we were saying before we're definitely cheerleaders for a lot of a lot of other people as well so we definitely want to encourage people to get rid of debt it's kind of funny I just had a conversation this morning with my boss and he was bragging about it that there is a credit score and I was like yeah right now so you definitely can't look at me funny like I almost had some kind of problem but yeah one eye in the center of your head yeah you guys are great well done I'm so proud of you you're heroes man I love it very well done well we've got a copy of Chris Hogan's book signed by the man himself retire inspired number one best-selling book that's the next chapter in your story to be millionaires and you are well on your way and and like you said to live like no one else and you've already done hawaii's to living like no one else and and giving like you said like no one else so proud of you guys very well done Randy and Sarah Wasilla Alaska hundred and ninety five thousand dollars paid off that's their house and everything thirty-one and thirty four years old did it in forty eight months making 150 to 200 count it down let's hear a debt free scream three two one I love it I love it very very well done man guys if you don't understand me if they just save a house payment from age 31 to age 61 if you just save a house payment on a $200,000 house two grand a month right if you just pay yourself a house payment from 31 to 60 one that's gonna approach ten million dollars in and of itself this has army so wealthy it's going to be unbelievable there's in such an incredible position Wow love it so can you do this can you I'm talking to you I'll help you with that the answer is yes yes you can do this you can be debt-free is it easy well no winning is never easy there's always a price to be paid for winning otherwise we wouldn't respect winning winning is hard they've sacrificed for four years they didn't go on vacation while all their little friends were going on vacation and all their little friends I got a student loan debt still living in their spare bedroom to keep an extra bedroom just for Sallie Mae see that's what I mean by weird normals broke 70% of Americans live paycheck to paycheck seven out of ten houses on your street have too much month left at the end of the money but not that couple no not them they don't even have a house payment would that feel can you even breathe that into your spirit can you breathe that into your soul the borrower is slave to the lender you discover how true that is when you don't even have a mortgage this is the Dave Ramsey show [Music] hello everyone I'm Chris oka listen I've had the opportunity to be on stage all around the country talking about you and your retirement dreams and it's amazed me at these events unseen people from 19 to 80 sitting out in the audience all hearing my message about chasing your dreams and listen to me the movement has truly blown up people have come up to me with extra questions after the event and what it told me is that people needed more information they wanted to continue the conversation well guess what Here I am you know people think retirement is a boring subject feel free to tell them about me cuz I'm gonna tell you this right now I'm gonna bring passion and excitement to everything that we do so what can you expect from the podcast when you listen I'm always gonna give you a three-point action ready take away you know why because action is where life happens I'm even gonna hear from the people and that would be you and take questions from social media or email and sometimes I'm even gonna go to the phones why because I want to hear from you we're gonna talk to guests and I'm even gonna do some story spotlights on real people that are having real success so as you can see we're gonna bring you all kinds variety people we are going to have fun on this podcast so make sure you sign up alright everybody it's time for me to get to work welcome to the retirees bag podcast I am your host Chris [Music] [Music] we all subscribe to things we don't actually use maybe you subscribe to a fancy magazine that sits on your coffee table so that when your friends come over they think you're refined and upscale or maybe you subscribe to that gym membership and it's been a while you know who you are Jeff but one thing you do use is the Dave Ramsey show YouTube channel you're already here it's the one thing worth subscribing to and it's free all you have to do is hit that red subscribe button and I promise you won't pull a hamstring doing it Jeff knows I'm talking about [Music] we all have smartphones isn't it time for a Smart Plan pure Jacque USA offers simply smarter Wireless that covers 99% of Americans stop overpaying for wireless unlimited plans start as low as $20 per month and include the same great coverage you never pay for any data over cheese and pure talk USA never turns off your data no contracts no hidden fees no surprises if you're thinking our absurdly low cost means less coverage think again your talk USA operates on the largest gsm network in the u.s. to ensure you're connected virtually anytime anywhere and our 4G LTE network provides the fastest internet speeds like more expensive carriers you can keep your same phone and your same phone number add multiple lines to save 20% off your total bill go to pure talk us a car and do something smart today unlimited talk and text plans start at $20 per month no contracts no activation fees no reasons not to try come to pure talk us a.com and see how much you can save enter this promo code to receive 50% off your first month [Music] [Music] our scripture of the day proverbs 10 9 whoever walks in integrity walks securely but he who makes his way crooked will be found out Henry Clay said of all the properties which belong to honorable men not one is so highly prized as that of character amen Taylor is with us Tyler's in Salt Lake City hi Taylor how are you I'm doing good David's good to talk to you you too man how can I help a lot of question regarding renting versus buying a home just a quick background we about three years ago we bought a home not the Dave Ramsey way you did a 30-year mortgage and didn't put much down on it since then we've got our act together we've paid off all our debts except for a mortgage we've built up our six month emergency fund we're in the process of moving to a different part of the state they'll be selling our home currently the next time I buy a home I want us to do it the right way our plan is to rent to save at least 20% down and the question for you is is there a time period that's too long to rent in order to save as much as we can for a down payment was there a point where you would tell us to go ahead and buy I just was wondering your thoughts on that what's your household income it's a new job my base income would be ninety five thousand but what do you think your income will be well it'll be at least as there's opportunities for bonus and bonuses and overtime and just gonn that what do you think your income will be my goal is 110 okay this will try to get my hands on does your wife going to work outside the home no no we have got it two homes and you're currently debt-free except the home right that's correct okay and when you sell your home will there be any equity yes I'm a rough estimate I'm guessing between 20 and 25 thousand dollars gotcha and where are you moving this ain't your just southern Utah okay no it's not a super expensive market or anything you've been making 110 thousand so what was your kind of you're thinking you're gonna rent for maybe like a year and put another twenty or thirty thousand with that and that should be a nice downpayment shouldn't it yeah yeah we were thinking I'm just you know initially saving up for a down payment or we can get rid of the mortgage insurance right Hoss yeah I mean if you've gotten 25 now and you put another 25 or 30 with that that's like 50 so if you're buying like a $200,000 house what's the her home you're living is selling for we're hoping about 210 yeah so if you buy a similar priced home to what you have now one year from the time you move to st. George you should be able to put 20% down right right so so I was just curious would you recommend to rent for longer in hopes to get an even bigger down payment or just go right ahead and we like we have 20% down well I I think the minimum in this situation if I'm in your shoes would be the 20% down of course you know I don't borrow money for anything so I would be renting until I could pay cash because I don't borrow for anything ever it's the only advice I give on the air that is that I don't do personally is I don't yell at people for taking out a 15 year mortgage where the payment is no more than 1/4 of your take-home pay you know the routine and you know I set you up in a situation to win that way if you put that 20% down you avoid the PMI it sounds like a year a rental is going to set you up that's the minimum but if you wonder you know if you want to save for a few more years and save 3040 thousand bucks a year or whatever and written something very very modest whatever you spend on rent is wasted money or it's patience money right so you want to spend as little as you can on patience so you want to rinse something as inexpensively as possible in or in something nice because we're trying to you know pile up cash as fast as we can and every dollar that goes to rinse not going to a down payment so you know how long do you want to do that 1 year 2 year 5 years I don't know it wouldn't a lot of people listen this show would just save up and pay cash for something and they would rent for four or five years to do that you know and that's not the end of the world if you want to go that route but anywhere in that spectrum I'm gonna be fine with I I do think the one year in your situation it's a reasonable thing to get to know the town and get settled into the new job and rent for one year and you know pile up a big pile of cash to go with your equity that does seem to make sense that's logical in the process so hey thank you for the call we appreciate you joining us well a couple big events here in Nashville this weekend we've got a lot of people coming in and out of the lobby already even though it's not yet Friday a lot of folks visiting the town and hanging out it's not only pretty it's springtime and those kinds of things but our Nashville Predators won the Presidents Cup which if you're not a hockey fan what that means is is they were the number one team in the NHL in standings at the end of the year at the end of the regular season playoffs begin tonight against the Colorado Avalanche here in Nashville go p-- reds and there they're incredible in an incredible position to make a serious run and Stanley Cup I'm a little bit of a hockey fan I'll just tell you and so I'm more than a little bit of a predators fan and I've got a couple friends down there in that organization and on the ice and off the ice and stuff and just it's a it's a great group of guys and it's going to be a lot of fun as we head in the Stanley Cup Playoffs for cheering these guys on there's another little event here in Nashville that's not so little it's an absolute blowout this weekend we're getting ready to add another girl to the Ramsey outfit yeah we're gonna get us another Ramsey girl because Ramsey girls are pretty powerful I'll just tell you that there's not any of them that are are weak wilting flowers not even close Ramsey curls are pretty confident pretty much character women they get after it I'll just tell you and we're adding one to the mix my son is getting married this weekend and we are so excited to say the least can't even focus can't even concentrate and I'll be our last Ramsey kid to get married and we are that this young lady is absolutely incredible she's not only loves the Lord but she is beautiful and she is very smart which will add to the IQ points to the Ramsey but that's a fairly low bar I'll just tell you so no but we're a wee bit pumped we've been enjoying this whole process with him and her and they're here in town both of them and so the families are all starting to gather so I will not be on the air tomorrow we will obviously have a best-of and is anybody else going to fill in yeah yes Ken it's gonna be on with Chris Brown Ken Coleman and Chris Brown Ramsey personalities will be in here doing part of the show with us are for you guys and then the other hours will be best Stubbs as well because we are I can tell you this we believe in partying when it comes to weddings we believe in the celebration we believe in having a good time and celebrating what God has done and the blessings that he has poured on us are unbelievable and that certainly includes Alison being added to the Ramsey clan we're being added to her clan too we know how that works but I got to tell you we're excited that these are good times and it's the stuff you work for the stuff you plan for you know graduating from college grandbabies marriages this is your life this is your legacy it's what you do and we're no different at the Ramsey house or just people just like you guys and we've worked our tails off and in order to have enjoyment like this weekend and in order to celebrate something I got to tell you it is so fun when your kids are marrying people you love when your kids when your grown kids make good choices a man in life is good and that's where we are at this point so it's about as good as it gets around here right now so go Preds go Daniel and Alison cheer you guys both on this weekend as we head as they head into the playoffs and we head into the Ramsey Wedding Event weekend which is completely out of my control I have nothing to do with it except just to show up and grin which I'll be able to do I think I can pull that off I'll just tell you now that puts this particular hour of the Dave Ramsey show in the books thanks to James child's our producer Blake Thompson our senior executive producer Kelly Daniel our associate producer and phone screener I am Dave Ramsey your host 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] [Music] hey guys i'm rachel cruz and i'm happy to announce that we have a new addition to our family that's right baby number two is here Winston and I are so excited but as every parent knows when your family grows your priorities begin to change suddenly you find yourself making decisions for your kids future over your own after all it's all about them right it's their future you want to preserve and protect that's why term life insurance is so important for you and your spouse I'm so grateful that dad taught me the importance of life insurance early on as I travel the country I hear so many stories about young families left with nothing but debt struggling to survive it doesn't have to be that way term life insurance is so affordable and so easy to get for almost 20 years Xander has partnered with the Dave Ramsey show to help families like yours protect their legacy give them a call or go to their websites I know they will take good care of you and your family [Music] [Music] [Music]

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Channel: The Dave Ramsey Show

Views: 222,172

Rating: 4.7832928 out of 5

Keywords: The Dave Ramsey Show (🔴 LIVE) 04-12-18, 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: 4YVWxhstUVI

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Length: 174min 33sec (10473 seconds)

Published: Thu Apr 12 2018

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