You'll Never Get To Where You Want To Be If You're OK With Just Staying Where You Are Right Now

this is the ramsay show [Applause] you can be intentional about your character you can have money and a career you are the hero in your story [Music] live from the headquarters of ramsey solutions broadcasting from the dollar car rental studios it's the ramsey show where debt is dumb cash is king and the paid off home mortgage has taken the place of the bmw as the status symbol of choice hi i'm dave ramsey your host this is your show america common sense for your dollars and cents open phones at triple eight eight two five five two two five having done this show now for 25 plus years coming up on 30 years i um i have been amazingly blessed to get to meet some of the more iconic people in this wonderful town of nashville that i live in and i've gotten to call many of them friends and so we had some of that happen today some of our friends have dropped in uh the iconic group the isaacs if you don't know who the isaacs are they are in the gospel music hall of fame last week our friend ricky skaggs invited them to join the grand ole opry and they have sold millions and millions of articles and they've got their 52nd gma dove nomination for their 2020 album songs of the times uh just yesterday as a matter of fact and a couple of the isaacs we couldn't get everybody in here and it kind of was a little bit of a family feud as to who got to come here sure was but uh we were hanging out at john richards the other night uh for the uh candace owen and uh ben shapiro archive come to nashville he had an event welcome welcoming them and you guys gotta you ladies get up and sing with your brother and it's just absolutely amazing as always and we got the talking there and then we that led to us saying hey they have a new album coming out let's talk about it so thanks for coming by so uh becky and sonia are with us of the isaac's welcome thank you so much we're honored to be here we love you so we love you guys we're so glad to have you very cool stuff so um the album came out yesterday and you guys are this i keep calling you guys but most of your ladies but you are uh are traditionally gospel that's what we all know you for in nashville uh but the album is charting on the country yes so this album is actually not a gospel record it's the first uh the first album the isaacs have ever released that's not gospel it is i mean they're great songs life songs love songs story songs and we've always included those type of songs on our records in the past and we've always done things like the grand ole opry and you know other secular venues uh but this is the first time we've ever done a whole album of just those type of songs and so it really does have a place in that secular market in the country market and so we were surprised when uh this weekend we were watching the numbers and uh it ticked on up to number seven in the country download charts and all of itunes and number 20 in all genres of music so that's pretty exciting for a little local group yeah a little local group yeah she says humbly the american face is the album it was released august 13. it's a 12 song collection split between new material classic covers bluegrass country rhythm and blues folk contemporary which you got you can sing anything i mean it's not your first ride on this cabbage truck so you can you guys can put together a harmony on almost anything so i'm not surprised to see the crossover here and and the success with it very very strong so your mom lily is a great american story yes she is we are living the american dream and it all began with her she uh her parents are both polish jewish holocaust survivors and they were in the camps in uh poland and germany she was born in a french army relief camp in germany after my grandparents were liberated from the holocaust and uh you know they moved to america when she was two years old and she became an american citizen via ellis island uh when she was nine years old and you know she had a hard life her parents started over here with nothing and they built a life working hard and believing in the american dream and she never would have dreamed all those years ago that she'd be singing gospel music for most of her life and then to be asked to be members of the grand ole opry no one could have ever anticipated that sort of a life for her but she is an amazing woman yes she is always fun to talk to lily yeah she's gonna she wanted to be here but i i kind of like mom i'm the baby so i had to pull the baby card today oh okay well she's here she's in the studio she's getting to hear us brag on her so it's good but so 35 years ago the isaacs were started and actually 50 years ago they probably need to update that bio mom and dad started singing 50 years ago our dad's the baby child of 17 children who his parents were pentecostal preachers his father was a preacher there were farmers back in the hills and the haulers of eastern kentucky and it was music that brought mom and dad together in new york city gerdy's folk city in greenwich village where a lot of people were discovered like peter paul and mary and different ones and so they they were dad was singing bluegrass mom was singing folk rock music and they were at this comes out of a pentecostal family ends up on the hippie scene right right this is fun yeah there's got to be a little story here our mom thought he was jewish with a name like isaac isaac's how can you not think that he was not jewish jewish boy she didn't bother to tell her any different until she'd already fallen in love with him so they so they you know they were in new york singing together and then uh my my dad's brother his closest in age was killed in a car accident um and so after that they they both went to his funeral service which was at a church and they both opened their hearts to receive um the lord and that was the beginning of the isaac's 50 years ago 50 years they've been singing yeah yeah that's pretty impressive and of course ben your brother sings with you guys with you all now he aggravates and sings with us against as a musician would leave the band the isaacs are the original isaac's our parents um mom and dad would see the talent in us they would set an instrument in the in the living room and darris to touch it and that's how we learn how to play music and you know dad would put a base in ben's hand and next thing you know when the bass player left ben would step up and sonia started playing mandolin mandolin when she was nine and i was 11 when i started playing the guitar and so we've just slowly become who we are but you can see the influence of the bluegrass side of our father and the folky rock side the hippie movement of our mom which explains a lot about this record we've done a lot of records in the past that have honored the bluegrass side of our father but this record kind of leans a little bit more towards an americana folky style and you know we give our mom a hard time she still has the feathers she kept those and she was at shea stadium for the first time when the beatles performed and she went to woodstock yeah woodstock yeah ask her she still remembers woodstock but um yeah we're just like a we've been called the little gospel chipmunks we've been called uh kosher hillbillies uh jubilees yeah willie's hebrews we're all mixed up i'm a year younger than her and my brother's three years older than me so from the moment we could talk we could sing harmony full part harmony so um yes you're in cheap labor that's right mom put you to work and have to pay you that other bass player you had to pay them but you'll have to you'll really appreciate this from the time i've been a child i had the envelope program that you talk about and i would write down what it is and i would put the cash in there and by the time i got married and so i still i still do some of your amazing most of what you talk about so well i'm honored all right sonya and becky isaacs the new album is the american face it released last week charting already on the country charts again 52nd dove nomination gospel music hall of fame and last week inducted into the grand ole opry so i want to fire this tune before we run up on the break so the audience gets to hear it this is one of the singles from the album stop paying your overpriced wireless provider and switch to pure talk they use the same network as the larger providers for much less for just 30 a month get unlimited talk text and six gigs of data with no contract the average family saves over 70 dollars a month by switching to pure top just go to puretalk.com and enter the promo code ramsey to save 50 off your first month pure talk simply smarter wireless [Music] george campbell ramsey personality is my co-host today thank you for joining us america open phones at triple eight eight two five five two two five you jump in we'll talk about your life and your money max is gonna start off this hour in knoxville hey max welcome to the ramsey show hey dave thanks for having me certainly how can i help well uh my wife we're looking to sell our farm here coming up uh here in a short time and with our expected uh conservative members projected to profit after we pay off the mortgage on it and the capital gains uh it's going to be around 550 000 maybe six hundred thousand i hate it when that happens yeah wow yeah it's a good problem to have so uh our question is what should we look to do we're working our way through the baby steps four five six uh with our kids college funds etc and retirements we've already maxed out the retirements for the for this year um and we have 529 plans but only have about five thousand dollars in each of the three plans uh for each of our three young children but uh our idea was maybe to front load those 529 plans uh off the bat and get that done on the front end so not to contribute anymore yeah i like that one less thing to worry about right yeah um what is a projected we were looking you know that their colleges in roughly 16 years from now we were looking maybe a target of say a hundred and fifty thousand dollars each kid uh when they get to that age uh is that a where do you get your projected numbers from of what college may or may not be then well of course god only knows right i mean there's no um there's no way to know the the inflation rate is about 12 on tuition i'm sorry about seven percent on tuition um the inflation rate on everything else runs average about four so um if you want to use a seven percent inflation rate you got about a twelve thousand dollar ten thousand dollar average in-state school tuition right now you could run that out so it's 40 grand right now plus uh plus room and board plus seven percent inflation rate and you can sit down with your financial advisor and project that for the number of years you've got left and then do front load those but it won't take 10 or 15 grand out of this 500 you still got a lot of money left after you do that okay um and then there the other the only debt we have left um on us is our uh home mortgage in which we owe roughly 600 000 on that yeah um what's your household income uh 300 000 a year man you're just killing it way to go dude this is all good news all around they're blessed yeah very blessed for sure i love the idea of you paying off this house i mean you're saying the kids got they got 16 more years before they head to college correct i mean with that with that kind of income you've got 16 years to invest i don't see anything wrong with paying off the house if you it sounds like you could do it once you sell the farm would you have enough yes we would have enough we'd have rough i mean if we took just the conservative numbers what we think for profit after this we could definitely just pay off just the house we have you know i have other taxable accounts that um if needed you know we could draw some money out of but we were more longer just monthly checks we would just finish whatever is needed yeah um so because your income because your income's so ridiculously wonderful i'd write a check i'm with george i'd rather check out of the farm pay off the house that puts you at baby step seven you have addressed baby step five i'm not skipping a baby step because you've got money in there for college then you just take 10 20 grand out of your income and you can still front load over the next few months or six months or something decide to front load those 529 plans the rest of the way so sit down with your smart investor pro or your advisor calculate what you need to take out of your 300k income and do that and i'm with george now that we got a little deeper into this uh yeah let's pay off that house i mean just if the kids are half as smart as you are i think they're going to be just fine and it's going to come down to college choice and what their dreams are but you guys have so much time ahead of you and you've done so well i love the idea of you not having a house payment and making 300 grand the kids are going to school debt-free i'm just going to say right now i'm not worried about it yeah yeah i think you're going to be okay because you're going to have plenty of money even if it's not in the 529 plan you're going to be very very wealthy with this income and no debt payments at all and your obvious bent towards doing things on purpose with money that's that's a big deal here and so very well done man touchdown congratulations this is very very cool i'm impressed you know when you said that it made me laugh i hadn't thought about this guy in 20 years but i knew this old guy and he was kind of an old uh you know when you get old you either get happier or grouchier and this guy was the grouchy one right oh boy and he's like ramsay i'm trying to make so much money that no matter how dumb my kids are they can't spin through it and i'm discovering that it's not possible [Laughter] that's what i thought of when you said that's good half they're half as smart as you that's all you need you can't make enough money to outspend really truly stupid children we know the story of the prodigal son dave you know you can spend a lot of money really quickly if you're dumb enough all right dawn is with us dawns in indianapolis hi dawn how are you hey i'm doing great thanks for taking my call sure what's up i'm going to be well i'm going to do 50 next week and i'm just i'm really struggling with the state of the world and the division and how to navigate you know i'm working working entering on the side i've chosen to be unvaccinated as a personal choice i just feel like the world is closing in i'm on every dollar i've been following you for four years i was very hardcore and less 18 months ago i went through a divorce because of um financial infidelity lying about stuff i thought we were paying off things that we want so i kind of had to catch my breath and i started doing davish and i'm just i i almost feel like only 16 000 of debt but i almost feel like i just want to like start saving my money and just feel like there's some peace in the world i don't i don't know so i just wanted some encouragement or to get some advice it's not peace in the world that's the problem it's peace in you okay you got you got hammered girl you gotta hurt and i'll i you know listening to you it sounds like you're emotionally holding your breath like you're just trying to hold on and just not cry um and i've been there i know how it feels um but you've been through personal emotional trauma this year i have but i'm strong i know you're strong i wasn't accusing you of collapsing i was just accusing you of being human but i feel like i should go out and get like another job or do some stuff and this part of me just wants to stay home and just get this debt paid off and just just okay i don't know so why don't you put yourself on a plan that has a more reasonable pace and gives you some margin to heal because you're wounded would that be okay would that be okay to just absolutely let's just take your super supergirl cape off and hang it up in the closet for a minute okay and let's just let's just go okay i'm gonna take a year and breathe because i've just been through hell you guys were married a long time weren't you we did and we were i thought we were almost to the end of our plan and we paid off over 12 20 000 worth of debt only to find out that we didn't and there was 60 000 that i had a divorce and split and take with me yeah you'll be okay though you know how to do this it's having the gas in your tank to do it right that's true yes how long were you married 20 plus yes 23. yeah i mean this is this as uh as our friend dr john baloney says it you need to take a little time and grieve this what do you think george absolutely don and you you said you're turning 50 right i am yeah i think you're here i think you ought to have one hellacious birthday party you need to party don you got a lot of life ahead of you you're just getting started it's half time start dreaming again get some big balloons it's half time throw a fit stir up a ruckus give yourself a little time kiddo you're going to be all right this is the ramsey show [Music] [Music] so [Music] george campbell ramsey personality is my co-host today in the lobby of ramsey solutions on the debt free stage alec and carolyn are with us hey guys how are you good how are you how are you better than i deserve welcome where do you guys live we're from pittsburgh all right welcome to nashville and all the way down here to do a debt-free screening absolutely very cool how much did you pay off we paid off uh about 63 000 it was 16 months 16 months and your range of income during that time yeah when we started our income was about 75 000 and then by the time we paid our debt off our income's gone up to close to 90 000 but that doesn't include any of our side hustles oh okay what do y'all do for a living i work for a distributor of air compressors i'm a school teacher awesome what was the most lucrative side hustle um i i have two that are pretty good um i in college i detailed cars at a dealership and that taught me a lot about you know just detailing and that kind of stuff but kind of a nice business doing that and then i also have been very fortunate to be uh an ice hockey coach for little kids for like a youth hockey program in pittsburgh and that's been very very helpful so um that's a paid gig oh yeah yep yeah it's like a triple a driving award when i did it the parents just bitched at it yeah it's uh it's awesome i am very very fortunate awesome wow very cool good for you guys that's neat all right so what kind of debt was the 63 000 it was mostly me uh i had a car a cell phone in my student loans all right and i had a little bit left on my student loans yeah so how long have you all been married we got married on uh june of 2020 so a little over a year oh okay so you started this before marriage yeah we started in i think like march of 2020 like right i think we had our first two classes right before the pandemic straight into pan dammit yeah so we had the rest of our panda or our rest of our uh first of our class uh over zoomed during the pandemic engagement was during the pandemic yeah yeah sure was wow gross this is harsh well you made it we did 63 16 months is you guys went hard after this yeah what was the switch where you guys went now we're not going to fool around with this anymore that was carolyn uh that was her family remember she asked me and we got engaged in december of 2019 and she asked me she said hey i think that you know we should take this class together and money was just never something talked about when i was a kid in my house we just you know just never came up and i was kind of like ah yeah okay maybe we'll see and then i remember i was working on a car with her dad and uh he kind of looked at me and said so you're gonna be at that class monday right i was like wow future father-in-law says it to you you kind of perk up like [Applause] so i was like yep absolutely we did it and then uh i mean i was just awestruck by the some of the things you said in the first class wow um a lot of the things that you said uh i heard thrown around my house when i was a kid you know like how much down how much a month and i was really tuned in from there on out and uh and we just went gazelle intense ever since wow so carolyn it sounds like you grew up a financial peace baby a little bit a little bit mom and dad were already into this stuff yeah they took the class and then they actually taught our class so oh cool yeah oh you're going to be at the class monday that i'm teaching yeah that made it a little bit more interesting yeah so i'm taking roll by the way i got him back because uh we went around the table and said why we were there in our first class and um my reason was my crazy father-in-law a future father unless i should be here nobody in the in the room knew it was him except the three of us oh that's correct a nice little moment i love that that's great you might as well have some fun with it absolutely that's awesome but it didn't take long you were uh you just had never been uh exposed to these ideas and the first class you went oh yeah yeah yeah yeah absolutely at um like you said like poor people ask how much john how much month right if you can't afford something you can't buy it save up for it be patient be mature and you'll get you'll get there so that really resonated with me and uh yeah i just i can't believe we're here doing this it's pretty cool that's pretty cool well i'm so excited for you what a great way to go through your engagement oh and to then enter in and finish and carolyn finishes up helps him finish up getting it paid off and mom and dad are cheering you on along the way way to go if you get married during kovit nothing's stopping you guys they've already been through the world they didn't just get married they got married went to the father-in-law's fbu class and got out of debt that's like a threesome go and do hard things go to the father-in-law's fbi class probably a little more difficult than getting married during a pandemic i love this story so this is great you guys are a young couple how old are you two we just turned 25. oh my goodness this is inspiring so what do you tell people the key to getting out of that is well for me as the nerd i definitely think the budget is the key um being able to see where your money goes and control where you can put some of your money definitely was the key for me yeah yeah from i mean i agree with her there i never thought that i would live on a budget in my life and now the first thing i do when i come out of the store is get my every dollar up out and uh but from where i am you have to be okay saying no to doing things right like my buddies uh took a trip to vegas in may and we were just so close that i was not gonna put anything in the way of us paying this off and uh we moved our debt free data by like i think like 12 13 months um from when it was originally when we first got married and we're making those salaries so um you have to be okay saying no to things you can't have the fomo you have to just trust what you're doing and if people say that you're crazy look at each other smile and say we're doing the right thing that's that's good my granny used to say crazy like a fox yeah yep yep i like it so you have to do that you have to work so if your broke friends are making fun of your financial plan you are right on track yeah absolutely well done you guys i'm so proud of y'all thank you and i know mom and dad are and who were your other cheerleaders other than the obvious ones sitting to your right each other we were especially carolyn i mean she uh she would not take no for an answer and and really uh worked with me and was was very understanding that i had not come up in a family like this right uh you know i'm very proud of the way that i was raised blue collar hard-working but just the financial stuff wasn't there and she was very patient with me i think when we look back at our budgets from the beginning i think my free spend was like 150 bucks and now it's like 30. both of us are at 30 dollars and we're cool there it's just amazing like you get track of your money and see how much money you really waste uh you know she helped me see that so she was definitely my biggest cheerleader i'm very blessed wow wow what a great way to start your marriage this is amazing and look at dave you're 25 and they say we're not going to wait on student loan forgiveness we're going to forgive it ourselves by paying it off what a concept you guys are awesome i just love this story and i know you're inspiring a lot of other young couples out there who may not be on the same page and you would say go through financial peace university that's what did it for you guys yeah yeah i mean you have to build that solid foundation right i mean we are really trying to change the future of of our last name it's not going to mean swipe a card anymore it's going to mean pay for cash plan for things um and in doing that you have to build a solid foundation together you have to be on the same page so if you're not take the class it is absolutely worth every penny yeah way to go guys thank you thanks for the ad but i'm so proud of you guys thank you we got a copy of legacy journey for you that's the next chapter in your story for sure as you said you've changed your legacy you've changed your family tree changed your name what it means now a whole new brand way to go very cool and a copy total money makeover for you to give away knock one of your uh buddies right on the head with it and maybe you can wake them up and get them going you never know you never know that's how most of us get inspired is through our friends and our family and uh much more so than some dude on a radio 1000 miles away so um way to go you guys thank you very well done all right alec and carolyn from pittsburgh pennsylvania 63 000 paid off in 16 months got married in the pandemic and did it all the extra side hustles and everything making 75 to 90 plus side hustles count it down let's hear a debt-free scream three [Applause] with the kiss to top it off that's it the newlywed look i love it that's fabulous good stuff congratulations you guys folks uh big announcement coming up after this break uh we put it out on social media a little bit earlier today and out on some of the media wires and we will let you guys in on it and uh just a few minutes after this break be sure you stay tuned in um a brand new endeavor for the ramsey team and uh really really really excited about it uh and it's perfect on the heels of their debt-free scream from their student loans newly married 25 years old and they're free the problem is not enough people in america are where they are a lot of people are hurting on this subject that's a good tease i'm getting excited about it at first i was like i don't know what this is and i caught on nah i'm real sharp i suspected you would figure this out i'm real positive of all people i would suspect that you would figure this out it's perfect yeah i love it all right this is the ramsay show [Music] [Music] [Music] [Music] [Music] [Applause] [Music] if you aren't strapped with student loan payments odds are you know someone who is millions are having to put off things like buying a house having kids because they're stuck or even worse they're waiting and waiting and waiting and waiting and waiting for a government to save them that's a joke so we took our unbelievably popular podcast borrowed future and have produced a new full-length world-class documentary called borrowed future it in cover uncovers the dark side of the student loan industry and it exposes how the system is built to work against you the date save the date and make a point to watch the release date for the documentary will be on october 14th and you'll see all of us weigh in on the epic failure otherwise known as the student loan program featured interviews from industry insiders and thought leaders like seth godin uh seth fratman dr john deloney uh we're coming at this hard we're going to take big swings at the student loan problem with the goal to educate parents and students across this country of the truth you do not have to take out loans to get a college education it is important to graduate debt-free and avoid the predatory student loan industry and your predatory government borrowed future premieres on digital platforms everywhere october 14th mark your calendars go to borrowedfuture.com but uh we'll give you the when we get a little bit closer we'll have all of the distribution tied down but the major digital platforms will all be carrying it um they've all made commitments to us and we'll have to get it tied down before we can actually announce exactly who and when and where but october 14th they'll all be lined up by then and we'll let you know uh this thing's gonna be huge george i can't wait i went to the website last night i watched the trailer i signed up for the mailing list i marked my calendar i did all the things because i was legitimately that excited about it it's gonna be so good the team did an incredible job it is world class yeah the uh our ramsey networks production team is um off the chain yeah i mean they are very good and uh i mean my wife and i are watching the trailer in my living room uh i don't know three or four weeks ago when they got the trailer done we watched of course screen the actual documentary as well but we're watching the trailer we're going wow that's our company that did that wow it's pretty cool yeah it's pretty cool because it's gonna mess you up if you're thinking about borrowing money to go to college it's going to mess you up if you don't get in your governmental congressman and senator's face about stopping this student loan program it's a disaster you're going to stir up a ruckus dave if you're not careful uh it's it's a spiritual gift of mine george thank you i'm good at stirring up well if you've got student loans and you're going to watch this and get even angrier and go i got to pay this thing off asap i don't want this in my life if you sit around waiting on the government to do it it's not the the process here it's just once you get in the underbelly of this and you see how what some of the evil and manipulative uh uh intent was from day one of this thing and so who some of the players are and how they acted it's unbelievable and then you see people's lives are just on the you know they're just wrecked yeah he's wrecked there's a lot of villains in the story and i'd be shocked if anyone could walk away from that documentary and go i still think student loans are good debt dave yeah wow they help a lot of people there there'll be some idiot that will but not as many it's pretty convincing it really is borrowed future.com the uh go ahead and mark your mark your calendars it's going to be a big fall comes out october the 14th debbie is with us in detroit hi debbie welcome to the ramsey show hi thanks for taking my call sure what's up my husband and i made a huge mistake we moved into a houseboat uh two months ago and with the housing market being so crazy and lots of competition for homes we made a mistake of buying a house for more than we wanted to spend um we paid over lift and appraisal and we're now in a house that um we just feel like we can't afford the mortgage payment it also has a pool that is much more of an expense than we thought it would be the house needs a lot of repairs and some things have come up in the last couple of months that we didn't realize we're going to need to be repaired right away so my question is should we plan on selling it or stay for at least two years and then not have to worry about capital gains but if we sell it now we would probably walk away with you know losing about 40 grand there is no capital gain when you lose money right but on the odd chance if we were if you broke even if you break even there's no capital gain capital gain would only occur if you made a profit right so it doesn't sound like that's a problem yeah but if we sold it for what we bought it if we just broke even we'd probably lose about 40 grand with closing costs and everything so what's your house payment um well that's the other thing too it's more than what we thought it would be with um the property taxes are going to be more than we had planned for so with property taxes and insurance about 2 dollars alone and what's your monthly take-home pay in your household about nine thousand okay all right well you're slightly above what we would tell you but not a huge amount it doesn't sound like this your house payment's not 40 of your take-home pay um this sounds more emotional than mathematical okay because we feel like we've been bleeding money ever since we moved into the house because of the pool and the repairs that have been needed and what have you spent on repairs i'm sorry what have you spent on repairs um well with the pool it's been uh over a thousand dollars um with the repair we just had a garage door repaired that was over seven hundred we need uh what did you pay for that house huh um we paid 410 for it and you had fifteen hundred dollars worth of repairs and you're panicking yeah well you make 100 you make 140 000 a year yeah well yeah yeah this is emotional it doesn't sound like you're bleeding out it feels like you got a little scrape on the knee but it's just a lot it sounds like it's more stress of just we're having a i think you were super impulsive and you did something that you wished you hadn't done and that's what's killing you the math's not killing you okay i mean we should it's not ideal yeah but um i i probably would just breathe a little bit here um okay you know i i okay here's the thing the house payment's not out of control the repairs are not 28 thousand dollars in one month there were 1400 in one month and you make 140. there's nothing here that's causing red sirens to go off and fireworks and panic in the numbers okay now i understand you have a deep sense of regret because you feel like you impulsed and overpaid but so i don't want to trade a fourteen hundred dollar repair and a house payment is slightly over the margins we teach which are conservative for a forty thousand dollar loss right well the other thing that i'm worried about too is um we moved with our jobs because now we can do our jobs from anywhere after covid and there is a chance that my salary could be decreased based on where we're living now well if that happens and you can't afford the house we can talk about selling it then but we don't sell a house on what might happen the house might get hit by a tornado too yeah but we're not gonna sell it because it might debbie do you guys have any other debt other than this mortgage um uh we do have a car payment um we owe about 12 grand on a car we only have one car and then we um just from the move we've got about 6 000 on credit cards so it sounds like there's some other pieces to this puzzle that are causing this stress do you have an emergency fund um we have about 25 000 in savings okay i would write a check and pay off the credit card and cut it up and pay off the car today right okay and you guys need to get on a budget you are not in control with your spending that's where the stress is coming from the sense of chaos is where the stress is not the actual math there was more to it i think she's bleeding out more from these payments versus the mortgage and i think once she gets that out of her life they pay down the debt they refill the emergency fund she's gonna breathe and go okay no car payment no no credit card and be on a written plan with every dollar where you know you're under control both you and your husband looking at the numbers every month stress level goes down then if you want to sell the house when it's not a forty thousand dollar loss four thousand dollar loss maybe [Music] have a friend or family member that needs a daily dose of ramsay advice in their life let them know about the ramsey call of the day podcast it's a quick hit of advice about life and money in under 10 minutes check out the ramsey call of the day podcast wherever you listen to podcasts [Music] this is the ramsay show [Music] you can be intentional about your character you can have money and a career you are the hero in your story [Music] live from the headquarters of ramsey solutions broadcasting from the dollar car rental studios it's the ramsey show where debt is dumb cash is king and the paid off home mortgage has taken the place of the bmw as the status symbol of choice george campbell ramsey personality is my co-host today as we talk about your life and your money open phones at triple eight eight two five five two two five audra is with us in hastings nebraska to start off this hour hey audra what's up hi dave and george um i said the first thank you for changing my life um i'd prefer to call you for a better circumstance um but in april of 2020 i became debt free from a lot of divorce and student loan debt and now i'm on baby set four through six good but i'm also saving yeah i'm also saving for a car in a house i'm 35 with two kids and my 20 year term life policy ends at 43 so i thought i would look into getting another one before i turned 40 because i thought i'd be a lot further along than i am right now long story short the urinalysis came back showing potential kidney damage so they had me repeat it twice um those also came back showing the damage so um i have checked with my gp and he referred me to a kidney position but they gave the insurance company gave me a table b category um for 500 000 for 30 years at 113 a month which i think is extremely high um i currently pay 18 a month for my 500 000 policy that i got when i was 20 in my 20s thanks to you and i have 13 days left to decide if i want to get this rate or i can wait two years and gamble if my test is going to be better he said i could go back to the preferred rate or if it's worse i'm uninsurable what is the nature of your kidney damage do you have any idea what caused it i i don't even know that that it's actual damage yet i just know that the test i got that part but i mean you don't you don't there wasn't an event that you can look back and go oh that's where the kidney damage came from oh um [Music] not to my knowledge um okay i did a test otherwise you're 35 and healthy yeah and your household and your income is what oh very small um under 15 a year why i work from home and i raise my two girls and their dad he's with us we're together um but i work from home and so i'm there full-time daycare and so i do web design and graphic design from home so i would say i work part-time while also i'm a little bit confused i thought you said you were divorced now you said their dad is there oh i'm their dad is not um my ex-husband that was that was an abusive marriage that i got out of and then i met their dad how old are your children four and 14 months okay all right and their dad makes how much money um 28 30 000 so neither one of you are doing very well in your careers no financially though you know i'm debt free he has some student loan debt um yeah but you're starving but you're starving to death well you don't have any money so no you don't need this life insurance is the answer to your question it's too expensive it's ridiculous in your situation okay now what was life insurance for we got 500 000 there it's good for eight more years hopefully during that eight years your health will uh not deteriorate will instead get better if you take good care of yourself also during that eight years if you want to make sure your children are taken care of it would involve marrying their dad and it would involve you guys as a married couple having a financial plan that takes care of your careers and both of you start working on your careers because both of you need to double your income in the next three years okay because really what what your your kids are vulnerable because of your marital status status and because of your your low incomes more than your insurance issue and so that's what i would tell you to do if i was your dad and i've got one that's your age by the way so yeah audra i think if you can get a job doing graphic design you might make enough money to actually pay for some child care for them and like dave's saying the goal of this life insurance is to replace your income in case something happens right now that's 15k there's not a lot going on there so number one i would check i don't know where you shopped your rates with but maybe check with our friends at xander see what that would be like going forward if you want to check that later on but i don't think you need 30 years because if you follow our plan you're going to be doing really well 30 years from now to where you're self-insured that's what we talk about well and we tell you 15 to 20 your level term with zander insurance let them shop when you need insurance but you've got you've got life insurance more than you need today it's very inexpensive and it has eight years left on it so sometime in the next eight years you need to address this subject but during that time stabilizing your household uh from a career perspective and a marital status standpoint will be the best thing for your kids financially for survivability or sustainability if something happened to you yeah and that's what the life insurance is all about what are we trying to do there we're trying to make sure the kids are okay and so the advice i'm giving you is exact same thing we're trying to make sure the kids are okay we got bigger fish to fry than the term life right now we've got to get this career situation we got to get the income up and put ourselves in a good financial position yeah and um and uh you know i i think i think there's still some hesitation on your part based on the way you told the story and your language both um about marriage because you were in a bad one and um uh that was abusive and i i appreciate that i know that that was a horrible thing and a certain amount of ptsd goes with that kind of garbage that kind of trauma i don't disagree with that but i'm not looking at your life through the lens of the past i'm looking at your life through the lens of the future and where are you going what's the vision for you in the next 25 years where you're going to be in the next eight years uh you could be in such a great position in eight years that the four-year-old is 12. uh the baby is um 10 and you know you're going to be in such a good position financially that the life insurance is not going to be an issue that could happen in eight years but you're going to have to have make some pretty serious moves to get you in that direction so good question and we appreciate you calling in and being part of the show today open phones at triple eight eight two five five two two five triple eight eight two five five two two five george campbell ramsey personality is my co-host today he is the host of a brand new podcast that we launched two weeks ago called the fine print it came out as number one in the business section and uh the third episode dropped yesterday on monday the third of ten so be sure and check out the fine print remember when your dad said read the fine print well it's because you get messed over if you don't george does the digging to tell you what's going on in the fine print [Applause] [Music] [Applause] [Music] [Applause] [Music] what makes our show unique is that we genuinely care about our listeners we're intentional about choosing the best advertisers to recommend blinds.com is no exception they offer high quality window treatments at unbelievable prices and they make it simple to shop blinds shades and interior shutters with easy online ordering free shipping and a guaranteed perfect fit go to blinds.com and take advantage of this week's special savings [Music] george campbell ramsey personality is my co-host today open phones at triple eight eight two five five two two five lucas is in phoenix hey lucas what's up nothing much dave how are you doing better than i deserve how can i help so i am 19 years old i just graduated high school probably about two months ago i have no debt um i've been working a life guarding job here in arizona for about roughly four years so i'm on good terms with them however it doesn't pay a lot so i've been incorporating my new landscaping business um and then that's been really taken off um so the issue is with all of this is i've been recently kicked out of the home and it's not been for you know not going to college or being lazy or alcohol or drugs or anything like that um it's just really you don't really see eye to eye and we saw we tried going to like you know therapy and whatnot to try to work through that but this really hasn't been working out so my mom wanted me out and i've been staying with a friend of mine who goes to my same church and so we've been you know he's been mentoring me and kind of teaching me some stuff about finances and whatnot just trying to help me get my feet up underneath me i mean so my whole goal here is to try to do a minimal a minimalistic mindset um just so that way i can focus into more of my future not my you know like the present and you know wasting money on certain things and so right now i have no credit history um and so it's very difficult to you know buy anything that's going to help me live somewhere right so um currently i'm with him and so i'm thinking of getting like a mini camper that i can pull on the back of my truck and i have an actual place to park it and it's about 17 000 um outright so if i walk out the door it's about 17 000 to buy that i don't want to lease it very you know because they go down in value so quickly and it's really just a bad deal that way so i really don't know what to do because all i have right now is about thirty seven to four thousand dollars that's kind of a scary place lucas yeah yeah it's it really uh it is and um yeah it kind of woke me up a little bit yeah so um you have a landscaping business and you are making what kind of income so um when i'm just kind of using it as a side gig which was um you know a couple years ago it was making in you know 100 bucks here 300 there number what do you mean what do you make you need money right now what are you making right now correct right now um like for the past week or so i've probably brought in about two thousand dollars within a week and a half two weeks doing what uh just landscaping okay all right and so you're out there hustling up landscaping business right oh yeah i'm out there every single day um and then my land might you know my lifeguarding that um if i was to work close to 40 hours a week i'm making about 1407 after taxes every two weeks the paycheck that's bringing me down about 813 to 800 bucks which is nothing so yeah the landscaping is going to make you a lot more um if you can get that business on top of that what well i'm just i'm working for myself so it's more meaningful it has greater potential yeah that type of stuff right this second i don't give a crap about that i'm just trying to get you where you have shelter and food yeah your life's meaning is way down my list right now for you i just want you to have a place to live and food and stability sustainability then we can worry about meaning and self-actualization and um those kinds of things but right now i've got a 19 year old homeless kid um on the phone and that that's what's running through my head so um no you do not need to buy a 17 000 camper under any circumstances okay okay not a good move you have four thousand dollars if you can find a ratio used one for a thousand bucks which you probably actually can and you want to live in that for uh four months while you build up some more cash and stabilize your income and then go rent an apartment with a roommate that's okay if you can can you can you live she said i mean as long as it it takes as long as i'm working my you know pardon me working on my butt off to get myself stabilized and i do have a very good work ethic like i'm out here working a ton i'm not i'm not questioning that okay so right um so we need to define that because when someone comes to stay in my home i want to know when they're leaving yes and i don't want to stay there because i know i know but i just as long as it takes could be until you're 29 he didn't mean that so i want to know what he meant so what he's meaning is like six months okay you know max let's just do that listen you know let's just do that let's just stay there for a while okay and and so listen listen and build up how big a pile of cash can you build up during that time and get your income stabilized and then get a roommate right yeah i mean it sounds like you have very little expenses right now lucas so i want you to take advantage of that while this this man has given you a lot of grace uh and like dave saying i would not go into debt for this camper i know you want to live this minimalist life and i respect that that's not minimalist but 17 000 camper when you're broke is not minimalist yeah you i think you should need to rent and get a roommate if that after that six months you don't have enough for that camper but that camper is not going up in value and it's a depreciating asset so it's basically like you saying hey can i take out a loan for 17 000 to get a truck and we're going to say no so i want you to to live your dreams you're 19. you've got a lot of life ahead of you but right now you need a solid foundation you don't have that and so you've got a great work ethic like you're talking about use that to your advantage and use this free rent to your advantage and sock away maybe you could save up five ten grand go rent somewhere for another six months and maybe a year or two from now you get that camper here's my prediction okay listen just listening to you if you'll stay on the track and probably gonna lose the lifeguard job for more hours on the landscaping if you can get more and more and more landscaping business you're gonna stabilize your income in the next four months at three to four thousand dollars a month and you're gonna have about ten thousand dollars in the bank four months from now with that situation you can go rent an apartment and get a roommate or rent a room from somebody uh very inexpensively and then take your next step which is continue to continue to grow your business and start thinking about your careers but paying cash all the way this camper it sounds kind of romantic and like you're again you're being sacrificial or something but it's really going to end up being a long-term bad play and uh so i'm going to talk you out of that one yeah it's a tough lifestyle i know it sounds fun i mean you're 19. you could probably swing it for a year or two but eventually you just want a real place to go and sleep so yeah and just you know here's the thing if you can get your home situation sustainable and stabilized then you can start working on your career and you can start looking out and thinking about your future and you can start thinking about you know investing and upgrading and whatever you know taking some classes or doing whatever it is you want to do with your life there's a lot of things you can do from there but for right now let's get the food shelter clothing transportation and utilities going and get those basic things underway and that's what i'd tell you to do first and um along the way um even if you're not living there stay in touch with your mom your dad tell them what's going on um not i don't know what all has happened here i can't tell um but that's not what this call is about but it is what it's about that's what puts you here um so i i want you to continue to work on that relationship if there's any way possible obviously if you can't you can't but um you you want to have tried everything you do not want to live in regret on that and so um you know maybe you and your mom can be friends when you don't live there maybe that takes the stress off of it i don't know how that works in your world but um just make sure you just let them know you're okay and that you're working and um that you care about them and so on just continue to that connection i think that'll be very valuable for you ten years from now especially um maybe not ten minutes from now but ten years from now wow yeah i mean he just got punched in the face a little bit and he's 19. he's having to grow up fast but i think if he can build his foundation for a little while and get back on his feet he's gonna be just fine you tell he's a good kid good work ethic this is the ramsey show [Music] [Applause] [Music] [Applause] [Music] [Applause] [Music] [Music] do [Music] in the lobby of ramsey solutions on the debt-free stage clayton and gazella are with us hey guys how are you we're great how are you excited welcome good to have you where do you live uh fort myers florida awesome how much did you pay off uh we paid just under 70 000 in 18 months all right very good and your range of income during that year and a half uh we started right around 110 and we ended at that time right around 190. whoa nice jump what do y'all do for a living i am a project manager at a non-profit and i do sales for a payroll and hr tech company ah okay all right so uh you change jobs or just get big raises or just worked a ton of overtime what happened to your income going up you're almost double that's a great question yeah so um we changed jobs and actually my job it was not a choice i was actually one of the millions of people that got laid off because of covid oh yeah um but you know i kind of took that as an opportunity to kind of like look at myself and like what do i really want to do and really try to better myself and along that same time a better opportunity presented itself for clayton yep so um yeah my my job well i was lucky enough not to get laid off i was really affected by the pandemic in the sense that i worked in um conferences and events so obviously there were none um so i was in a sales role there as well i kind of had another opportunity just due to um you know a friend that just kind of fell in my lap and it couldn't have worked out any better for us so we're one of the few lucky ones that came out on the other side much better off than we were before so we're very blessed in that i think it had something to do with more than just luck that's definitely yeah that has to do with you're taking action absolutely instead of being uh taking a victim pose yes absolutely well done you guys thank you very well what kind of debt was the 70 000 that's another great question we're pretty normal um it ranged from student loans credit cards two cars medical bills am i forgetting anything to do the personal ones and a personal loan yeah quite the range you're normal yeah everything how long y'all been married uh we just got married in january oh wow yeah okay all right so you started this process obviously before marriage as individuals yes we did and then worked your way on through it what got you started on this you go ahead um so i had heard about you especially through my older brother but at that point i was like dave ramsey who i don't need him um and then clay and when him and i first started dating he started doing it and he never like came to me about it but i kind of saw he was doing it and i was like you know this is the person i want to marry and he's really preparing himself i need to do the same because i want to bring into this marriage and so we can go into this marriage together wow um so that's really what inspired me and at that point i moved out of my parents house moved into a little studio by myself and when i saw how much i was paying in rent i'm like if i would have saved this every single month like i would be set but instead i was just spending no budget i put together a budget and that's when i really realized wow this money is just kind of going everywhere yeah yeah and same here um you know i was making great money before and i guess i came to when i read your book for the first time i think that i came to the end of it and realized i'm making all this money i don't have any of it you know so um and then yeah just moving moving forward we we got engaged and we were moving toward getting married we were working the plan separate and um for us at that time i think our big motivation was just we're gonna pour the foundation for a family right um that was that was the biggest motivation we you know we had our um our board up in our house where we had our uh our debt countdown going on um after we got married and a big picture of the house we wanted to build after we finished and yeah um that was that was our why very cool yeah and that drove you then well done well done so it's amazing when you tell these dollars what to do that they will behave it is pretty amazing yeah they otherwise are pretty unruly oh yeah i mean you had a moment where you just went i got to make some changes here because i have future goals and you stopped living in the present both of you and you said what are our future goals together and that to me is one of the most powerful elements when you get a couple that comes together go we're going to pay this thing off and we're going to do it in 18 months yeah it's incredible pretty cool what advice do you have to somebody if they want to get out of debt what do they need to do i think the biggest i mean the biggest thing was the budget for sure sticking to the budget was super hard and we definitely had a few setbacks where we you know could have done better along the way but we didn't let it stop us we just kept moving forward and you know look to the next month and um having to say no a lot was definitely difficult that was super super tough for me just i was more of a homebody so maybe not as difficult for her but you know i like to go out and hang out with people and stuff you know be out and having a good time and it was it was difficult at first but um yeah and then just not don't forget your why um because i know it was difficult for me like especially with an age of social media where you see this person getting a new car or getting new shoes getting a new purse just sharing it all and i'm like i want that but i can't have it because i need to remember why i'm doing this and i would sit there at the table and it's hard to post self-discipline on social media there's not much to post [Laughter] and you know sometimes i'd be there at the dinner table when i start crying because i'm like i want all of these things but i'm like i know that i can't have them right now and i would sit there and i'm like you need to live like no one else so you can live and you can give like no one else and like and to just be able to have a partner who so that is in it with you together is just a blessing and i think that that's really why we've been so successful is because we feed off of each other and we celebrate every single little one we're always on the same page yeah yeah and you did it in 18 months we did it and we cashflowed a wedding yeah we cashfield that's in there too yeah wow wow you guys are rock stars very very well done well we're very proud of you guys excellent excellent job other than the two of you who are your biggest cheerleaders i think my brother and his wife colin and jenny um they worked the plan before we did and seeing them was super inspiring and like she mentioned her brother fabian and sister-in-law vanessa they were working the plan as well and they they paid off all their all their debt they're working out towards paying off their house so um wow i meant it's funny she's going to kill me for mentioning it but vanessa wanted to build the pool and uh i said at dinner one night you know is dave ramsey going to be happy about you building the pool instead of paying off the house and uh three weeks later three weeks later he uh he she texted giselle and said you can thank clayton we're paying off the house now yeah and i think that's been the funniest part is we've talked to other couples who have done it and typically the wife was not on board at first and they're like is that how you felt and i'm like no actually i did it myself i'm like i tell him like i call myself a little dave ramsett and i think sometimes which is really nice because you know like i said we really encourage each other um but it's just like remembering your why and i'm like this is we're really building our foundation and taking it one step at a time and just learning to be patient yeah that's very cool well congratulations you guys thank you so much very proud of you we got a copy of the legacy journey for you that is the next chapter in your story for sure as you continue to change your whole family tree in your lives you've just got a great start going very very well done and a copy total money makeover for you to give away to somebody as you've been yacking about this while you're doing it somebody needs a copy of that book yeah and uh you go oh i make too much money to be this bro there you go that's a great line very good stuff very cool all right clayton and gazella fort myers florida seventy thousand dollars paid off in 18 months making 110 to 190 count it down let's hear a debt free screen three three two one [Applause] [Music] [Applause] [Music] that is how it's done can't help but smile watching that happen that's fun well they they're incredible young couple they got a great start they make a lot of money oh yeah and they have paid off everything very very quickly they get to can be done the number of times that someone does their debt free stream on this show that their income went down during the process of this is almost zero very close to a hundred percent of the time the income during the time they're working on getting out of debt goes up what do you attribute that to i think they needed more money to get out of debt and they're willing to do whatever you start looking around going where can i get more money yeah you know and that's part of it and then part of it is i i think that um you know god is looking he says you know when you're faithful with the little things i'll give you more to manage and so he goes oh look at that one that one's trust worthy worthy of trust they now are demonstrating so that we can give them a little more that's powerful and i i i think that's part of it i think it's blessings of the lord yeah but uh but part of it is just simply you look around you go i need some more money and you go i need a different job this one sucks yeah or i need a great side hustle because there's a great place to go when you're broke to work and that you know because i want to get out that faster so i can move on with my life and that's the thing it's just for right now you heard her say that it's not forever 18 months this is the ramsey show [Music] [Music] [Music] no parent ever wants their child to experience the panic of being unprepared for an emergency but teaching your kids how to be smart with money is a really big job well we've got your back we'll help you our digital self-study courses they help you rest assured that your teen will know the right way to handle money no matter what curveballs life might throw down the road i mean wouldn't you have liked to heard all this stuff when you were like a teen yeah well you can the best part no instructor is needed your teen has a tablet or a computer they're all set all you do is text study to 33 789 and you can learn more about the different courses we have available for your middle or high schooler text self study 233789 our question today comes from blinds.com find out for yourself why blinds.com is the number one online retailer of custom window coverings free samples free shipping and new promos all the time you save money always use the promo code ramseyblinds.com a great american company today's question comes from sharon in iowa my husband and i lost our jobs last year when the pandemic hit we're both receiving unemployment benefits and while we'd like to find work being able to stay home means we don't have to pay for child care is it okay for us to stay home with our kids or should we be looking for jobs well looks like we need some more information here but i mean i like the idea of them staying home if they're able to financially i don't like them living off the unemployment benefits though that's how they're staying home i think they need to get back to work yeah so let me tell you what really benefits your children showing them how to live your life properly not working is not a model that you want your children to follow living letting the government take care of you when you have the ability to go and work is not a model that will bring your children a good full fruitful dignity-filled life work brings dignity living off the dole of the state does not and uh you're teaching your children a horrible lesson you're modeling them a horrible lesson and calling it under the name of nurturing and so no i i don't think you're doing right i think you need to get to work now i don't know if both of you need to go to work i don't know what your financial status is but um that's completely up to you as to whether uh one spouse or the other is able to stay home while the other works but you know teaching your children that they that the best thing to do is live off the do the least possible amount you can do and let the government pay for your life is not a lesson that's valuable for your children's future bad parent bad parent not nurturing parent um bad call no no don't do that i could be wrong but not i think i think i mean both of them are on these i really couldn't be wrong there's no possible way i'm wrong on this not yet 30 years you haven't been wrong once wrong record but this one i'm not wrong okay actually i'm being very nice on this one compared to what i you're being kind of you can't you can't talk to him so you're being a little kinder yes that's right talking into the wind that's it it's um that's that's yeah that's one thing you could be doing yeah adam is in boston hey adam how are you i'm doing all right thanks so much for taking my call i really appreciate it sure how can we help so uh my uh my beloved dad passed away a couple weeks ago um he was my hero and uh we're all taking it pretty hard but you know he worked his entire life to make sure we were all looked after and um my mother is to be receiving uh quite a bit of life insurance money and she's asked me to kind of help her figure out how to sort out what to do with all of it and i was going to call and uh get some advice from the smartest folks i know wow i'm sorry me too uh he was my hero how how old was he uh he was 74. been fighting prostate cancer for about a decade and it finally won wow i'm so sorry and so you are thank you you are 35. uh roughly yeah 37. you got it pretty close and uh and you kind of look after my mom she's had some tough years as well as he's been really sick and has some of her own medical issues and so i'm stepping in to just sort of help guide her right now um on the financial side and many other ways and so she's you know set to receive my dad if i said he really tried to prepare for this moment she said to receive about 1.8 million dollars in life insurance the uh she currently doesn't have any debt other than a there's a heloc on the house on the primary home which was for about uh three hundred thousand dollars and then a hundred and fifty thousand dollar mortgage on a vacation home the primary home's worth about a million dollars the vacation home is worth uh about seven hundred thousand dollars and then she also has about eight hundred thousand dollars in traditional iras uh between the two of them um and so i wanna tell her that what you should probably do next here is just pay off the mortgage in the heloc uh and if you agree with that i'm also curious um you know what she should do with the rest of it to make sure that uh she's able to be okay for the next you know decade or so she does not currently work um she does get have a pension um that's uh with his benefit from social security will probably end up being about twenty five hundred dollars a month okay well she's got um over three million dollars with a paid for house and a paid for lake house and so yes she's okay she's okay you know there's no question financially that um i mean if it's invested just round numbers what a 10 that's 300 000 a year and they didn't spend anywhere near that right okay so um thing number rule number one um when you lose someone um it's it's good to give yourself a little space before making major decisions because uh not only is her brain not working great right now because of grief neither is yours i appreciate your calling and i'm not trying to be insulting but if um if something happened to my wife sharon i'm the money guy and my first rule is i'm not going to make any major decisions right then because because my brain is in the fog of grief because of my love for her and your love for your dad is the same way okay yep so let's just go slow there is nothing to be proven on how sophisticated you are financially so number one yeah go ahead and pay off those two deaths that's kind of a no-brainer and if you put the rest of it in cds for six months and cry and then decide how you want to invest it that's not a bad plan at all i think that's a big part of the advice i needed to hear i the only reason it's even on my mind is because all these policies are been put in front of me and i'm trying to figure out how to put the claims in and otherwise i would love to not think about this for a while yeah get the claims in get the cash in the bank and um you know and in three months meet with a smart investor pro with your mom and start thinking about how we can invest some of it and three months later actually make some of the investments great you're not going to make any money on this money but for six months whoopty dupty what's your mom need to live for six months money-wise i mean hardly anything she's unfortunately 50 grand out too much in these days probably yeah yeah but put 50 grand in her checking account look at it with her put it online so you can watch the balance so she doesn't get into grief spending or something and pay off these two loans and park the rest of it in cds or a money market and you can call a smart buster pro and park it with them in a money market if you want but you don't need to do anything fancy just wait a little bit and then and then just cry for a while it's amazing it's like everyone sort of immediately comes at you with all the things you need to do and that's all i've wanted to do is that's all i've been doing for three weeks and i you know it feels too soon to even be wrestling with this stuff but it was dropped in front of me and so i said you're here you're a man of duty and you're honoring your dad's memory by taking care of your mom and that's a wonderful thing but you guys do not have to become sophisticated financial investors in the next 24 hours in the middle of this grief don't do it go slow take your time you got plenty of money she's okay there's no possible way you're going to completely mess this up unless you guys go play the lottery with this money or go to vegas or something you know don't invest in beanie in beanie babies or bitcoin just put it put it in the bank and give yourself some room that's all you got to do that puts this hour in the ramsey show in the books [Music] hey it's kelly associate producer and phone screener for the ramsay show if you would like to do your debt free scream live on the show make sure you visit theramsieshow.com and register we would love for you to come to nashville and tell dave your story [Music] this is the ramsay show [Music] you can be intentional about your character you can have money and a career you are the hero in your story [Music] live from the headquarters of ramsey solutions broadcasting from the dollar car rental studios it's the ramsey show where debt is dumb cash is king and the paid off home mortgage has taken the place of the bmw as the status symbol of choice i'm dave ramsey your host george campbell ramsey personality is my co-host today as we answer your questions about your life and your money open phones at triple eight eight two five five two two five that's triple eight eight two five five two two five dan is with us in ventura california hi dan how are you hi dave hi george i'm i'm doing uh pretty good um i was in your studio audience last thursday and it was just wonderful thank you seeing you all in person it was so reassuring and just it just made me uh just lock down on the baby steps cool when i got home i was back home in ventura i i'm i'm a little confused right now because i thought i was in baby step six um and uh my question is uh what revolves around spousal support so um i'm wondering where spousal support fits in the baby steps um i just finished my divorce about three months ago and my world has been quite rocked the last year or so i'm sorry yeah so alimony would that not just be a budget item george yeah is this just ongoing support what's the details of this yeah yeah the basic the details are i'm obligated to pay two thousand dollars a month until february next year i mean i've already already paid off the attorneys and uh lumps on payments and you know that all the bad part of the divorce is is over um except for the spousal support so i'm paying you know i'm i'm 58 years old on my home i make about a hundred and two thousand dollars a year um and i've been just cash flowing it and but i do have the emergency fund of about fifteen thousand i could use just just to pay it off a hundred percent so is this a one you could lump sum this spousal support if you wanted to well now that's a good question and the marital separation agreement says i'm supposed to pay her a few thousand dollars a month until for 11 months yeah which ends in february yeah okay and you can just do that out of your budget can't you i i have been and i can yeah i would just call as far as it's not really a baby step item it's a budget item i'll budget that okay yeah you have a 2 000 expense in your budget that's going to go away in february right it doesn't affect your baby steps that's what i think i don't know what do you think i'll show you a different one consider it as debt i wouldn't say oh you're in baby step two now you've got to pay this thing off it's just a budget line item and once it's done you're gonna give yourself a raise and you can continue on in the baby steps after that but you said you have no debt except the house right that's correct you know no debt except for the house and i hope to be on your debt-free stage in about four years that's great do you have margin left over after the spousal support to put extra on the mortgage no i have a part-time gig i'm also an electrician on the side so i'm able to make you know um maybe a thousand dollars extra a month um but it's tight right now very tight in fact i'm i'm i'm trying to make some behavioral changes uh so are you you owe her twelve thousand dollars uh six months of two thousand bucks right yes sir how contentious is the relationship uh i think that answers it it's not good okay because here's why i ask okay you could just do the two thousand dollars a month for for six months that's fine and you're done if it was if you called me up and you said i have five years of back alimony i would call that a debt and that's a lump sum that you got to catch up but this is a monthly obligation that you are current on and it's not a debt it's just a payout now if uh it depending on how contentious here's an idea to throw into the soup might not be worth anything but you might have your attorney ask her attorney if he pays this off in a lump sum would there be a discount more than willing to pay it monthly but if you want all the money right now would you take less than twelve thousand and i'd use my emergency fund and clear it up if you got a deal okay plus gets rid of heart i did yeah yeah exactly that's what i was thinking to kind of get it out of my life we're no longer using attorneys we're communicating through email i asked that question about two months ago she says absolutely not you have to you know abide by the agreement sure then i'll do it that was my answer right here sure yeah happy too just leave it alone then forget it okay my idea you've already tried my idea forget it yeah because sometimes people need money or they want the lump sum enough to give it a discount if they're not going to give it a discount we'll just sit on the money and pay it out monthly which it sounds like she prefers anyway so it's all right it's all good that's fine i i think so yeah so that's the route i would go yeah and once you're once you hit february then you've got two thousand dollars back in your life to pay down that mortgage and it sounds like you're you want to be intense about it and get rid of that thing so i think you're in a good situation like dave's saying i think you just make these monthly payments out of your budget and be done with it in six months brad's in memphis hey brad how can we help hi dave how you doing better than i deserve what's up well i have a what would uncle dave say a question we've been struggling through this for a little while uh we recently did our debt free stream in april after paying off in 196.20 months and we're now in baby steps four five and six my wife and i have been moving towards selling our house ever since we finished baby step three we have made a lot of bad choices in the past with our money and now that we've changed our behavior got out of debt actually have money we don't want to mess up good if we sell our home our realtor told us we'd net more than 100 grand after she ran some comps and we bought the house just three years ago with a va loan and zero down this is before we got smart found money though yes um so we make 160. the mortgage is currently at 310 and a new piece of information we recently got was we both have government jobs and have been given eight weeks to get the covert shot neither of us are willing to do that um we've been able to use a religious exemption in the past for things like the flu but they have no idea if they're going to allow that for this covet shot that being said we do want to sell our house with the equity buy a piece of land and live in our paid for rv while we save up uh for building a home in cash um we both received va disability equaling about 30 000 a year and so if we both lost our jobs we would barely be able to rob it we're debt free with a piece of land and rv we could survive without the jobs until we could find something to replace it um how many kids two kids sir what age uh 15 and sorry a little nervous 13 and 15. okay that's right and um uh all of it sounds good but the rv part to me it sounds like hell to me i live in an rv with two teenagers um i see where you're painting and i see where you're going i'd probably be looking at maybe a used trailer uh like a five thousand dollar one because that way i'm not losing much money when i get rid of it and then start looking towards building very very quickly as you land in your new careers [Music] [Applause] [Music] we were drawn to christian healthcare ministries because we both had young families and we wanted to have more children and we had also just started a real estate company and needed to find health care coverage that would meet our needs we were attracted to chm because of its low monthly costs and the ability to negotiate medical costs down established in 1981 and accredited by the better business bureau chm is here to meet the needs of your growing family or small business check us out at chministries.org backslash budget we absolutely believe in it [Music] so [Music] george campbell ramsey personality is my co-host today open phones a triple eight eight two five five two two five if there's one thing that 2020 taught us about investing it's this you cannot invest alone you absolutely need someone in your life who knows the market better than you and helps you make smart decisions i love do-it-yourselfers but diy investors well the data tells us that we mess up when we diy on investing especially when there's a global crisis you invest in the wrong things you get caught up in trends you make rookie mistakes you can build a portfolio based on what you read in reddit god don't do anything based on what you're doing reddit trust me uh you need don't need to add any unnecessary stress in your life you need to get some people in your corner that can help you let 2020 be your wake-up call never again let your investments be at the mercy of the emotions of a global crisis go to ramseysolutions.com smart vester get in touch with one of our smart vester pros and they'll sit down with you and walk you through this sam's with us in oahu hawaii hi sam how are you hello hi sam uh i'm sorry you have the wrong number okay that works for me uh i did have the wrong number you're right and that's sam in honolulu or hawaii i pushed the wrong button hey sam how are you hey dave hey dave how are you doing today good you sound a lot better now how can i help okay uh so uh i'm in baby step number two i have my thousand dollar emergency fund uh my car my car was my first bet to pay off on a debt snowball i had like 800 left on that so i paid that off um early and um i also have other loans so i have a two thousand dollar loan i have a uh eight thousand dollar loan uh nine thousand dollar loan and an eleven thousand dollar loan um the eleven thousand dollar loan that i have it's the same bank that uh i took my car loan out from and since i paid off my car early i wanted to get my title from the bank and because i have a defaulted loan uh with the same bank uh there they won't release my title they're saying it's cross-collateral for that loan yep uh and uh the debt recovery department for that bank contacted me and they're i guess they wanted a lump sum for the loan and i don't have that money right now so they're uh what did they offer you what did they offer you on the loan uh he didn't offer a lower amount he just said if i could get the uh if i could pay the 11 grand i asked him if i could maybe make payments on it um but he said now uh we would have to go to court and um he's threatening to sue me for the 11 grand so i have no idea what to do i'm not sure if how long has it been done you paid so how long has it been since you paid three years it's been three years since i paid that loan what's your car so uh i my car is worth 7 500. the thing is i'm a full-time uber driver so i need my car i wasn't saying that i'm just trying to figure out what's going on all right so um okay so uh what are you making what kind of what's your income i make about 4 000 a month that's good okay yes all right um so the 11 000 was later on in the debt snowball that's why i wasn't planning on paying it now i was going to take care of the next loan that was in line yeah after my car what you've run into here is what's called a dragnet clause standard uh loan documents with the typical commercial bank allows them if you have a loan and it's in default to cross-collateralize and hold your collateral i ran into that with commercial paper it wasn't a car loan deal but it was something else when i was going broke i thought i had cleared this property and i thought i was going to be able to move it and take care of something else and i go in the bank's like oh no we're going to keep that deed thank you very much and i ran into the exact same thing and it's pretty much an emotional gut punch because you think you're making progress and then they take you out so what's the name of this yeah what's the name of this bank uh it's the hawaii state federal credit union okay which is the name you need to remember the rest of your life that keeps you so pissed off you never borrow money again because you now know what it feels like to be yeah mine was called sun trust okay so just to give you an idea but anyway the um you just remember for 30 years you're still pissed off you know i mean i'm never borrowing money again because the way these people treat you um so uh you need to scrape up some money really fast and make them a lump sum offer like five grand for this 11 and see if you can discount and pay it off okay stop everything in pile up cash and make them a lump sum offer okay would it be wise to um possibly take out a loan for the 12 grand and pay them that and pay be wise to take out a loan for seven grand and settle this settle the 11. okay because you already have an eleven thousand dollar loan if at the end of this conversation you have a seven thousand dollar loan we made progress okay i'm not telling you to borrow money i'm telling you to move some of your debt and make it more efficient yeah so you haven't paid on the thing in three years the car is not worth seven on a repo lot it's not worth three they don't want your car it's an emotional play they've got on you okay they don't really want a three thousand dollar car because that's what it'll bring on repo lot if it's a seven thousand dollar car it's not gonna bring anything so they're not they're not gonna come out of this in a good shape so call them a call if you can get a loan get that lined up and offer them five and settle at seven and get it in writing that that's a settlement in full uh-huh and um what if i do that and they're not willing to take the seven they will you're just gonna have to mess with them a while you just got to be hardcore because it's been three years where have they been they weren't all happy and excited to go to a lawsuit two years ago why not you know it's just because you activated it when you called one your title and they went oh we got this guy we got this guy by the nap we're going to shake him a little bit and that's what he feels like happening oh it's exactly what happened the borrower slave to the lender and you are experiencing that i did too i remember this feeling it makes me mad just hearing about it again it's a it gets you fired up doesn't it oh yeah i mean it sounds like they've got some leverage on you and i want you to take some control back so be in in communication with them and say hey here's what i can do take it or leave it i haven't paid this thing in three years you could have seven grand today how's that sound and i think they're gonna go okay we'll take it they may not in the first conversation they may they may mess with you a little bit just go listen when you decide you want some money you call me in the meantime i'm going to be sitting over here waiting for your call and hang up hang up the phone okay you know i would imagine he's being rude isn't he yeah and he's not gonna take he seems like he's not gonna take anything but the twelves but that's his great job don't believe that crap it's it's just a job to him it's not his money yeah it's been really stressing me out yesterday and by the way listen his job is to put a check mark in the box beside your name that's it and he can't put a check mark in the box beside your name until he gets some money from you so you got leverage over him he needs the check mark okay dude get some swagger right here get some swagger back up yeah this guy's you ever heard the phrase gotcha buffaloed you ever heard of that phrase no it's got you scared it means it's got you scared he's got you cornered he's got you thinking he's got you whipped and he hasn't got you whipped he's just a duber in a cubicle making phone calls and he needs a check mark he works at a bank at one of the worst jobs in the bank it's a better job to clean septic tanks than what he's doing don't let him put you in the corner dude throw your shoulders back step back up into it punch him once and then hang up the phone call me when you grow a brain bozo hang up that's what you do mess with them because that's their job it's just a job it's not even a good job this is the ramsey show [Music] [Applause] [Music] [Music] [Music] [Music] [Applause] in the lobby of ramsey solutions on the debt free stage joshua and jennifer are with us hey guys how are you we're great hello dave welcome welcome where do you all live green castle pennsylvania all right welcome to nashville and all the way down here to do a debt-free scream how much have you paid off 63 000 in about 15 months all right and your range of income during that time 158 to 156. we're in that small amount that went down just a little bit because of covid ah okay all right cool what do y'all do for a living i'm a dental hygienist engineer ah so dental hygienist was tough during coping it was tough there was no way to work right yeah very difficult are you all back to work now we are we were only out for about three months okay well that's good yeah that's good news wow what kind of debt was the 63 000 home equity and a car loan ah okay what'd you buy with a home equity loan well new kitchen counter tops basically we went sought financial advice and we were told everyone has a car payment and you always should use your home equity where'd you go the bank the bank yeah yeah don't ask the bank if you need to borrow money it's like asking a dog if it's hungry oh my gosh way to go guys all right that's fine so what happened 15 months ago that made you change your direction we would month to month we would do things go out have fun and we never had any extra money and every month i would listen to him kind of complain you know we make too much money to not have anything yeah and it just hit me one day we need to do something about this and i finally got him on board it was really hard being an engineer he's really good with money numbers type thing he's a geek he didn't think he really needed help convinced him to watch financial peace university with me oh wow it was hard but he did it it's about a 12 year journey i read the book 12 years ago and took some commit persuading ah okay but i didn't give up and you know i want other people to know too not to give up you know just make little comments here there and if it's meant to be it'll happen and it did happen and he listened and he was totally on board wow sometimes the pokes aren't so subtle but we pick up on them eventually yeah so what what finally happened that made you go okay i'm gonna watch i'd say she was very persistent and then like she said i love to have toys we get i had a mercedes i enjoyed it and then we had kids and they didn't fit car seats so many years of uh being the good spouse or trying to do things correctly get point-blank getting pissed that everyone else has new vehicles they get to do cool stuff and we're two to three thousand dollars a month on credit cards never missed a payment never paid interest but nothing to show for it at the end of it not never a sense of of traction no no living month to month i get paid one time a month it's like it's spent before i even get it oh yeah yeah yeah and then the best part for us was we went and got a new car and we got a really good deal on of course but they ran our credit score they didn't even bother bothered to run gens because she's like the guys like i've seen five people have a credit score as high as yours is almost perfect so we know what that means now we're really good friends of debt collectors oh my gosh that is cool so you have this i love debt score and you realize oh this is not what winning looks like we've got to do things differently i think we watched fpu probably three or four times and that chain episode in the first really got to me so you've known this stuff for a decade but it had it took a while to get through your hard head it sounds like you read the book first and then i i find financial peace university online i don't even remember how i came across it but we both started with the book and we were really into it and then we never really did anything with it but financial business university was recent that's why that was yes that's when you got in gear 15 months ago yes okay good all right way to go guys okay so now you're the other side of this with all the uh gyration and the emotions and everything else and you fought your way really fast through 65 000 once you decide to do it it was game on um and the numbers indicate that so now what is your advice to someone that's listening that's going i don't know if i need to do this or not i don't know if it'll work or not what do you i mean what is the key that you picked up that changed what broke you loose what was the breakthrough the principle the financial freedom once we didn't have those payments anymore and we saw all this money that was actually coming into us and we realized what we could do in the future it was a total game changer it was it was incredible because we we made a plan the end of 2019 we're like that's it we're doing this we got some things we started really saving for the kids college it's like we're just not going to get there so december 2019 we printed out the baby steps one through seven posted right beside our computer and we started marking off each one january 2020 we hit the hit the ground running and then covet hit yeah here comes march yep so during the whole time we're listening to you we're like four walls just worried about four walls so we started continue to paying on the car payment but then any extra after the car was paid off which was april we just put it in the bank and then even when we went to uh pay off the home equity on april 1st of this year we took him a check for 12 000 that was the rest of the home equity we're sitting in the drive-through because the lobby's closed like oh by the way you have 86 closing costs i'm like we just called the guy yesterday and he said this is it so every time we're trying to pay stuff off there's always this little caveat clause hey you owe more money it's like you can't get rid of them no so i want to walk away after i pay for something not think twice about it yeah yeah wow way to go guys way to go how does it feel now that you're free wonderful it's just a feeling i never thought i would feel i never thought we'd get i mean i knew we would get there but when you're starting and you feel kind of hopeless like looking at this big amount of money to pay off you're like i'm it's going to take forever but once you really get gazelle intense and get into it it's a great feeling we even had some motivation along the way so february of this year we also took a church class they were doing fpu at church we know the people facilitated one of the things was cutting up the credit cards right away it was like the second week of class we still had credit cards we just couldn't let it go it was like the sense of it you almost couldn't it was one really we just couldn't let it go just in case you did i don't know there's a little security thing just in case what it what if what happens so what happened when you clipped the security in half we had the kids do it we made the kids do it as a memory for them to not ever do that and don't ever take a credit card out and um it felt great it felt liberating yeah it wasn't as scary as you thought it wasn't like oh i'm living without it yeah it was not yeah i was more concerned with kids cutting themselves than the actual friend seriously that's fun all right you brought them with you what are their names and ages alex and adam and they're nine and 11. all right very cool good stuff well way to go you guys we're very proud of you we've got a copy of the total money makeover for you to give away to somebody else hopefully they'll read it and do it uh and we've got a copy of the legacy journey for you because that's what you've done you've changed your whole family tree congratulations you guys very very well done so i got one more thing for you then dave so okay as we're coming down here who's looking all over finances real quick and we just looked at all of our retirements roth iras the equity in our house and then we realized oh my god we got 950 000 already and then if we look at our three vehicles which are two really old ones plus some jewelry we're just over two thousand over a million it's like wow we're almost there everyday millionaires incredible i love it that's awesome and at the end of this month we're in baby step four i love it well congratulations you guys very well done joshua jennifer alex and adam from pennsylvania 63 000 paid off in 15 months everyday millionaires count it down let's hear a debt-free scream three two one we're dead that's the way that happens whoa i love it yes this is the ramsey show [Applause] [Music] [Music] so [Music] our scripture today second corinthians 1 4 he comforts us in all our troubles so that we can comfort others when they are troubled we will be able to give them the same comfort god has given us william arthur ward said greatness is not found in possessions power position or prestige it is discovered in goodness humility service and character amen open phones here at triple eight eight two five five two two five george campbell ramsey personality is my co-host today you jump in and we'll talk jennifer is with us in pittsburgh hi jennifer welcome to the ramsay show hi dave how are you better than i deserve how can we help well um so my grandmother passed away like a year or so ago and then um my mom just passed away like two weeks ago well my mom was drinking and they were estranged and anyhow the grandmother left us house and there was no will and i'm in pittsburgh now i live in colorado but i'm in pittsburgh now trying to deal with the mess and the house was she was a bit of a hoarder she was a heavy smoker she died in the house in the home this is my grandmother i'm talking about my mother and so i called a few realtors and had them come and they decided to get on an inspector to look at the house the inspector says that there's a bad roof leak from the chimney and that the foundation is really bad there's gaps around the exterior some walls need to be torn down the slab is cracked yeah let's let's stop let's stop a second okay is there any debt on this estate no okay so your grandmother didn't have any debt no did she have any errors did she have any children other than your mother no did your mother have any children other than you yes my brother but he wants no part of any of it it doesn't it doesn't matter what he wants there's no will okay all right so you and your brother are likely the heirs you'll have to get a court order in probate court in order to sell the house and the judge will take the proceeds and tell you what to do with them which would be to spread them to you and your brother if he doesn't want the check you can you can take it at that point but um yeah you don't need to get in a home repair deal here that i would sell this piece of garbage house like it is as is that was my question yeah my question was do i do that through a realtor or do i do it alone i'm just afraid i don't want to get um you need to get a real estate you need to get a real estate agent but you need to get one that's up for the task not all real estate agents know how to sell something that's just trashed they need an investor or two in their pocket because you're going to sell this at wholesale and below okay so you do recommend absolutely using a realtor and not doing it on my own absolutely you have no idea what you're doing okay all right fair enough that was my name what would you what would you guess the house is worth if it was all fixed if it was all fixed up and nice just give me a guess um well it's in a really small town with lots of mobile homes and not um this is a really old home so i would say a hundred thousand or less yeah so if you could get 54 it'd be a great day i i agree cash yeah cash you need a real estate agent you can jump on ramseysolutions.com and click on elp for endorse local provider for real estate agents talk to two or three of them in that immediate area ask them for some help see if one of them just say i've i talked to dave i've got an investor property i'm not doing any work to it i'm gonna sell it as is where is i'm gonna make somebody a deal do you wanna do a quick deal okay i can do that can i ask a second question okay sure all right so as i said my grandmother passed away in the house um like over a year ago and then my mom she she was a drinker and she ended up dying from that in the hospital a few weeks ago a couple weeks ago and um so i'm not one of those people that have the grief clouding i've been dealing with this my whole life so my question is my mom started to try to get a lawyer to to try to get the money but she was never sober enough to do it so it's never been signed but there is a lawyer there willing to work with me my question would be since my mother never owned my grandmother's house can they come after me for my mother's medical bills if i get any money from this estate you'd have to ask a lawyer that in that state where she passed away i don't know this is the problem with not having a will and you know the estate is liable for the estate's bills your mother inherited the house but she never really inherited it because the the transaction was never completed and so it probably passes directly to you and bypasses her medical bills but i'm not a lawyer in pennsylvania in minnesota so i can't tell you for sure but since your mother never took possession of the property legally through the courts never then it would never stand for her medical bills that's my theory but my theory's worth exactly what you paid for it so you probably ought to contact an attorney as well because you're going to have to run this through probate and the judge can tell you when you run through probate you're going to have to get a court order in order to sign the deed you can't just go i'm the heir because the title company will not accept that and the deed is not valid when you sign it without a court order so you have to get a probate probate court is where wills and estates are handled and you have to get uh you will have to spend some money on that but i would do that as a part of the sale and uh then i would get in the car and go back to colorado and let the real estate agent and the lawyer handle this from long distance and you go back to work and don't spend any more of your emotional or time bandwidth on this don't clean out a hoarder's house it's one of the most grotesque possible things you can ever have to do it's gross just gross oh all right up next is jennifer and jennifer's in pittsburgh wait a minute so is that anyone i was talking to we're going to leah oh minneapolis got too many things i got leah got all kinds of things kelly helped me out here there it is leah hey leah in minneapolis same question almost right you're almost the same question that's one game i have to tell you how thankful i am for you my dad got a total money makeover to my high school class and i've never had a penny of debt all because of you wow thankful good for you um yeah it's not a similar question um my grandmother passed away uh a year ago and her house is in the middle of nowhere on a farm in minnesota where we're from and i have such a strong nostalgic connection to it um and i'm i'm all the way down at step six of our plants i've never had debt i've got my smart investor i've got my full emergency fund and i'm ready to find myself a house and i just i'm so connected to that farm that i'm toying with the idea of taking it over but it needs a full renovation um the thing about being in the middle of nowhere is there's no return on that investment like nobody's going to buy that house from me for what i would put into it so i'm wondering what you think of that with the financial situation i appreciate your heart and the older i get the more nostalgic i get about things but this is not an investment in real estate this is an investment in romance of the past sure i understand that and that would make it usually a really crummy investment yeah i see that you know i i it kind of breaks your heart to say that out loud but um i mean i think of my grandmother's farm it was out in the middle of nowhere in missouri and of course it was sold off when she passed away many many many moons ago but um you know and the old house was torn down now they farm over the whole thing it's big you know it's out in the middle of that flat lands it's just big crops of big big rows of corn or rows of soybeans right through where she used to live and it kind of hurts your heart a little bit you know but it also it's just the drum beat of life i mean there's a journey we're on here and it's uh you're not taking anything with you that's why there's no rider trucks following hearses so if i'm you i'm selling that i'm not investing in romance yeah i think you you let it be a sweet memory and you honor that and you grieve what you're losing here but leah it sounds like you've got big dreams for your life and and you want to build and live this life and i don't want you building this big old thing in the middle of nowhere i think you need to live your dreams and let it be a sweet memory yeah that puts us hour the ramsey show in the books we'll be back with you before you know it in the meantime remember there's ultimately only one way to financial peace and that's to walk daily with the prince of peace christ jesus [Music] did you know you can listen to the ramsay show on your smart speaker just tell alexa google assistant or siri to play the ramsay show podcast check out all ramsay network shows on your smart speaker today [Music] you

Channel: The Ramsey Show - Full Episodes

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Id: SJGdLnpA4Gw

Length: 121min 15sec (7275 seconds)

Published: Tue Aug 17 2021