Caller
Appearances
20/20
'The King Road Killings': 911 Call Released
Hi, something is happening. Something happened in our house. We don't know what.
20/20
'The King Road Killings': 911 Call Released
Okay, one moment. I'm getting help started that way.
20/20
The Crime Scene: New Details in Idaho Murders Case
What is the address of the emergency? What is the rest of the address? Okay. And is that a house or an apartment?
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
Come back tomorrow for that one.
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
It's all people who limited themselves as well.
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
Passing that shit down.
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
You're all right.
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
You're gonna get way more negative, bro.
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
I want to hit on this, man, because I think it's important. You said, you know, and we don't want to look down on anybody if that's what they chose to do. Problem is, most people are settling in their lives. No. You know what I'm saying?
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
Yeah, man.
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
I love it, man. Guys, Andy, let's do our third and final question. Andy, we've got question number three. Hey, Andy, I'm 25 and near bankruptcy. I started a business a few years ago in video production and quickly worked my way up to two hundred and fifty thousand a year, being the only one in the business over the past few months. I let my ego get the best of me and I have no money left.
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
I'm behind on taxes, $60,000 in credit card debt, spent it all on going out and expensive purchases. And I got lazy and overweight, lost quite a few clients and businesses slow over the winter, but I am working my way back. What advice do you have for me or other entrepreneurs who have self-sabotaged after getting their first success? Thank you, guys. I hope this one makes it on the pot.
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
I think others can relate. Self-sabotage. How do you what do you do after that moment?
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
Let me ask you this, Andy, because I've heard this before. I don't think you've ever really talked about this, but What is the right way to win? Meaning like how do you celebrate the win like the right way? Like winners know how to win, right? Like act like you've been here before. My coach used to tell me that all the time. Act like you've been here before, right?
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
What's the appropriate way to do it in success?
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
It's not like it's a fine line. Like, it's a pretty big one.
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
No, bro, they need this talk, bro.
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
You're cold? Bro, it's freezing in here. Is it? I really believe Klein comes in here and fucks with the thermostat. It's possible. You know what I'm saying? You told me- You guys all cold in here?
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
I think that's a perfect word to distraction.
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
It's freezing. It's freezing. Maybe you all shouldn't hide in here all day and you wouldn't be cold. This is my only safe space, man. It's my safe space in here. Yeah, man. Well, guys, let's get better today, guys. We got three good ones for you, Andy. Guys, Andy, question number one.
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
It's not it, man.
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
I'd rather have the money.
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
Yeah, obviously.
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
Andy, I'm the kind of person who spends hours agonizing over every little detail, whether it's a work project or decorating my home. It's exhausting. And even when I finish something, I rarely feel satisfied. My friends tell me I'm too hard on myself, but I feel like if I let go of my standards, I'll be mediocre. How can I learn to embrace imperfection without feeling like I'm settling for less?
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
Let's get this kicked off, Andy.
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
That is by accident.
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
You know, Andy, you talk about, you know, even just like actualizing your own individual success. Like it's a it's a strive thing, right? Like you're never actually going to reach that. So you look at perfection pretty much the same way. You're not going to really ever reach that fucking pivotal, but you're always striving to get as close to it as possible. Right.
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
you're gonna ultimately regret and that's just reality there's no way to get out of your life without looking back and being like i should have handled that different yeah i think and i think too for most for majority of people that conversation that that's talk happens at the end of it right for sure if you're lucky though you have the awareness well you have some near-death experiences
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
You also push that.
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
OK.
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
And that conversation came real. Like, shit, if I'm gone right now, what did I do? Yeah. That's right, dude. Yeah, man. That's right. I love it, man. I love it. So don't be satisfied. Always work to do better and learn from the mistakes. I love it, man. Guys, Andy. Question number two. Hey, Andy. I'm currently on day 27 of 75 Heart. I am learning so much about myself and my self-discipline.
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
I have worked in healthcare for over 25 years in different genres, long-term care, day treatment, nursing homes, inpatient psych, and most recently in hospitals. I'm not a clinician, but a manager of over 250 volunteers in a prestigious academic medical center. I'm really good at what I do, and I have picked up so much knowledge along the way.
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
I have a bachelor's degree and a master's degree, and I know I can do more. The other day, I listened to my boss voice and reached out to the CEO and chief human resources officer for the entire system to ask them their thoughts of going back to school to attain a higher level within the system. So. I now have a meeting with the chief HR officer to discuss my qualifications and what I can do.
REAL AF with Andy Frisella
832. Q&AF: Too Hard On Myself, Achieving Bigger Goals & Bouncing Back From Big Failures
I know I can do more. And I'm wondering if you have any advice for me that I can use in my upcoming meeting. Thanks in advance.
REAL AF with Andy Frisella
864. Q&AF: Young Entrepreneur With Big Goals, Taking Out Time For Yourself & Building Company Culture As A Young Leader
Yeah, I do. I do it every morning or every night than the day before.
REAL AF with Andy Frisella
864. Q&AF: Young Entrepreneur With Big Goals, Taking Out Time For Yourself & Building Company Culture As A Young Leader
28.
REAL AF with Andy Frisella
864. Q&AF: Young Entrepreneur With Big Goals, Taking Out Time For Yourself & Building Company Culture As A Young Leader
Yeah, so first of all, I just want to say thank you both for doing the show. I've been listening a little bit over a year, and it impacted me and helped me a lot. So I just turned 20 a few days ago and I have pretty ambitious goals for my future. And really simply, just what would you guys say is the best ways to just maximize my early 20s to just set myself up for long-term success and happiness?
REAL AF with Andy Frisella
864. Q&AF: Young Entrepreneur With Big Goals, Taking Out Time For Yourself & Building Company Culture As A Young Leader
So my brother-in-law has a pretty successful business. Nothing compared to you. But he does really well for himself. He's in his 30s. I mean, he's just great overall. He makes the money that I want to make one day. He's a great father. He's able to just, like you said, kind of the discipline part. He kind of just built his life to kind of be what he wanted by doing what he wanted.
REAL AF with Andy Frisella
864. Q&AF: Young Entrepreneur With Big Goals, Taking Out Time For Yourself & Building Company Culture As A Young Leader
But yeah, I'm kind of like in an analysis paralysis mode. I mean, I have a good job right now, but it's definitely not the dream of any sport.
REAL AF with Andy Frisella
864. Q&AF: Young Entrepreneur With Big Goals, Taking Out Time For Yourself & Building Company Culture As A Young Leader
Well, no, I seriously do appreciate everything you guys do. I'm always tuned in. I'm excited for MFCO to come out. That'll be huge. When you had the first part of it, I was still a little kid, so I didn't know about it, but now I'm aware, so I'm excited for it to come out.
Stuff You Should Know
The Chelsea Hotel
So my fiance and I have been together for 10 years. In the first two years of being together, I find out he is cheating on me, not only with women, but also with men. What should I do?
Stuff You Should Know
The Chelsea Hotel
So my fiance and I have been together for 10 years. In the first two years of being together, I find out he is cheating on me, not only with women, but also with men. What should I do?
The Commercial Break
The 700 Club!
My question is, can people get saved when they're on their deathbed and go to heaven? Because I'm confused there, because in that case, we could all just sin our whole lives and then just get saved when we're ready to die. Could you please clear up that confusion?
The Dan Bongino Show
Biden Is Destroying The Country On His Way Out (Ep. 2402)
We're sort of dancing around who gets to take credit for this deal.
The Dan Bongino Show
Biden Is Destroying The Country On His Way Out (Ep. 2402)
No one's dancing around here.
The Dan Bongino Show
Biden Is Destroying The Country On His Way Out (Ep. 2402)
Our colleagues that President Trump was critical in getting this deal over the line. Do you not agree with that statement? I mean, look.
The Dan Bongino Show
Biden Is Destroying The Country On His Way Out (Ep. 2402)
I'm not going to speak to a random person. I don't know who this person is.
The Dan Bongino Show
The Tragic Consequences Of DEI (Ep. 2413)
One parish was giving communion in the parking lot, inspiring someone to write, nothing in the Bible says they should risk their lives and the lives of others just to receive an offering. Hundreds of others just sent in pictures of children playing outside without masks. Here's six kids playing basketball. Super spreader event. Here's another one.
The Dan Bongino Show
The Tragic Consequences Of DEI (Ep. 2413)
And if you thought the emails were bad, get ready for the voicemails. One woman called in to report people jogging without masks.
The Dan Bongino Show
The Tragic Consequences Of DEI (Ep. 2413)
I rode my bike. I was not wearing a mask. Passed groups of people jogging from CrossFit. There were groups of four and five. They weren't wearing masks. They were not social distancing. I wasn't wearing a mask on my bike either, but it wasn't riding with people. And I was trying to stay away from people.
The Dan Le Batard Show with Stugotz
Hour 2: Chris Cote's Michael Jackson Leg Kick (feat. Pat Forde)
I think the way we demonized the chef in Ratatouille seemed a little bit too much. I also would not be eating food from a rat. How good would the food have to be if the entire kitchen were rats? What is the obsession of America with bagels? Bagels, overrated. Yeah, this is Brian out of Columbus. I got a hot take for you. Every Bob Seger song is one minute too long.
The Dan Le Batard Show with Stugotz
Hour 2: Chris Cote's Michael Jackson Leg Kick (feat. Pat Forde)
Yo, it's your boy P representing Southwest Florida. My bold take is any candy with the word candy in it is trashed. Cotton candy, candy corn, candy cans.
The Dan Le Batard Show with Stugotz
Hour 2: Chris Cote's Michael Jackson Leg Kick (feat. Pat Forde)
this is jack on a mobile in california my hot take is that the monsters would have beaten michael jordan in space jam if they had any kind of good roster makeup okay they had larry johnson they had charles barkley sean bradley and mugsy bogues and patrick ewing he's right they have no one who can guard michael jordan at the point of attack he's right they have all these bigs just waiting in the paint for him to get dunked on this is space jam he can
The Dan Le Batard Show with Stugotz
Hour 2: Chris Cote's Michael Jackson Leg Kick (feat. Pat Forde)
It dunks from half court. If they had picked Scottie Pippen over Larry Johnson, Monstars win that game.
The Dan Le Batard Show with Stugotz
Local Hour: We're All Tired Of Jimmy Butler And The Heat
Hello? Bobby!
The Dan Le Batard Show with Stugotz
Local Hour: We're All Tired Of Jimmy Butler And The Heat
You weren't watching.
The Dan Le Batard Show with Stugotz
Local Hour: We're All Tired Of Jimmy Butler And The Heat
You weren't watching. You stayed up? Mom only stays up. You stayed up?
The Dan Le Batard Show with Stugotz
Local Hour: We're All Tired Of Jimmy Butler And The Heat
What about Spoh?
The Dan Le Batard Show with Stugotz
Local Hour: We're All Tired Of Jimmy Butler And The Heat
What would you say?
The Dan Le Batard Show with Stugotz
Local Hour: We're All Tired Of Jimmy Butler And The Heat
That's my guy. Okay, enough with Thibodeau. Papi, what do you think of the Dolphins? Oh, the Dolphins.
The Dan Le Batard Show with Stugotz
Hour 1: A Second Greg Cote "Zip Your Lip"
Marshall Falk is the best running back I've ever seen in my life.
The Dan Le Batard Show with Stugotz
Hour 1: A Second Greg Cote "Zip Your Lip"
Yeah, this is Dan from Phoenix on a mobile. Sandlot, great movie, terrible ending. We have 93 minutes of pure cinema building up the kid legend, Benny the Jet Rodriguez, only to find out that it amounts to him being a pinch runner. A pinch runner. Very anticlimactic.
The Dan Le Batard Show with Stugotz
Hour 1: A Second Greg Cote "Zip Your Lip"
I've got a tour song. Hey, this is Tony in Orlando. My hot take is we should not be able to get speeding tickets from cameras.
The Dan Le Batard Show with Stugotz
Hour 1: A Second Greg Cote "Zip Your Lip"
Police officers should have to catch us breaking the law in order to give me a ticket. I'll hang up and listen.
The Dan Le Batard Show with Stugotz
Hour 1: A Second Greg Cote "Zip Your Lip"
This is B. Green. First time, last time. And this is my limited fake Patrick Warburton as Joe from Family Guy.
The Dan Le Batard Show with Stugotz
Hour 1: A Second Greg Cote "Zip Your Lip"
Hey, Peter! The greatest mysteries known to man. The origin of life. Quantum physics. How Tommy Tuberville beat Alabama five times in a row.
The Dan Le Batard Show with Stugotz
Hour 1: A Second Greg Cote "Zip Your Lip"
Yeah, Jay on the mobile from Toronto. Fake limited. Dale Labrador. What's Stugatz? Uh, Stugatz? He's actually a good, uh, Stugatz. What do you mean? Greg Pottie.
The Dan Le Batard Show with Stugotz
Hour 1: A Second Greg Cote "Zip Your Lip"
Uh, that's fair to say. What?
The Dan Le Batard Show with Stugotz
Hour 1: "Sex and the Animals" Returns (feat. Ron Magill)
Hey, Dan, das ist Ben aus Norddeutschland. Jemand, der kauft, konsumiert oder genießt Peeps, sollte gejagt werden und auf eine Warteliste gestellt werden. Das ist Jay aus Rochester, New York, und das ist mein unbegrenzter Fake, Ray Romano. Ah, Mann!
The Dan Le Batard Show with Stugotz
Hour 1: "Sex and the Animals" Returns (feat. Ron Magill)
Hey Dan. First time, long time. James Gladstone. Sounds like the name of a character from the board game Clue. James Gladstone is guilty of murder in the kitchen with the candelabra.
The Dan Le Batard Show with Stugotz
Alley Oop 6: Kawhi, Big Ellie, and Indiana Fever with Ros Gold-Onwude
What's up, Juju? It's JT from Autonio Carlin. Juju's asking for some of the music recommendations. Guys out of Atlanta, preferably, but just anything new that you've been listening to. Take care.
The Dan Le Batard Show with Stugotz
Oral History of the Dan Le Batard Show: Episode 8
Okay, if you could permanently enhance your life by four inches, would you go hype or would you go baby?
The Dan Le Batard Show with Stugotz
The Big Suey: Don't Look Now (feat. O'Shea Jackson Jr.)
How do you read?
The Dan Le Batard Show with Stugotz
The Big Suey: Don't Look Now (feat. O'Shea Jackson Jr.)
Well, well. That's the thing. Yeah, you like when things are terrible.
The Dan Le Batard Show with Stugotz
The Big Suey: Don't Look Now (feat. O'Shea Jackson Jr.)
My hot take of the week is that you people that back into parking spaces... You're screwing it up for the rest of us.
The Dan Le Batard Show with Stugotz
The Big Suey: Don't Look Now (feat. O'Shea Jackson Jr.)
Avocados are overrated. Terry Rozier for Caitlin Clark. She gives us more spacing, opens up the lanes, and we shed some salary cap. We'd love to hear your thoughts.
The Dan Le Batard Show with Stugotz
The Big Suey: Don't Look Now (feat. O'Shea Jackson Jr.)
Tom Izzo compiler. I present to you limited fake Arnold Schwarzenegger stuck in a bear trap. I can't get to the chopper.
The Dan Le Batard Show with Stugotz
The Big Suey: Don't Look Now (feat. O'Shea Jackson Jr.)
It's just cheese and graham cracker crust. Why in the hell are we still using toilet paper in America in 2025? Japan has it right with those toilets.
The Dan Le Batard Show with Stugotz
The Big Suey: Don't Look Now (feat. O'Shea Jackson Jr.)
What happens to the large scissors that are used at grand openings? What's happening to those scissors? Are they getting used again? Are they traveling around the country to be used at multiple grand openings? How many of these are there?
The Dan Le Batard Show with Stugotz
The Big Suey: Don't Look Now (feat. O'Shea Jackson Jr.)
Dan Tremaine in the legendary chicken parm sandwich. The mozzarella does all the heavy lifting. Why do we not call it a chicken mutts instead of a chicken parm?
The Dan Le Batard Show with Stugotz
The Big Suey: Don't Look Now (feat. O'Shea Jackson Jr.)
Now that Aaron Rodgers' career is over with the Jets and that experiment, like all Jets experiments, I messed up. I'm going to call back. I'll see you soon.
The Glenn Beck Program
Bud Light Insider Reveals What Led to Dylan Mulvaney Controversy | Guest: Anson Frericks | 2/20/25
We seem to be talking a lot about the same kind of application of technology with the research and all of that. My focus on it is how do we use AI future in different ways to the masses instead of in these boxes that the tech companies have. Massive boxes, complex boxes, cool boxes, but still just boxes in the grand scheme of life.
The Glenn Beck Program
Bud Light Insider Reveals What Led to Dylan Mulvaney Controversy | Guest: Anson Frericks | 2/20/25
And I think that you mentioned a while back in the Ray Kurzweil interview about self-driving cars. And I remember him saying that, well, people had no problem with that because it was expected. We're entering into that world of kind of unexpected. And I think there's going to be a little bit of pushback and a little bit of resistance.
The Glenn Beck Program
Bud Light Insider Reveals What Led to Dylan Mulvaney Controversy | Guest: Anson Frericks | 2/20/25
And that's good, because to your point about the questioning and the adoption of the technology. Can it be done? Yes. Will people use it? Ja, wir werden sehen. Ich meine, schau, wie schnell die Telefone adoptiert wurden. Aber weil es sehr bedrohlich sein wird, wird es dir fast alles geben, was du willst.
The Matt Walsh Show
Ep. 1545 - The 'Mass Graves' Hoax Is Officially Dead, And No One Will Be Held Accountable
I got the email and I honestly feel like this is a great opportunity to outline what you as an employee bring to the federal government. And if it's really good what you outline, they could give you an opportunity to get a promotion or something. Like, God forbid they ask you what you've done. Any other job, they'll ask you at the end of the week, at the end of the month.
The Matt Walsh Show
Ep. 1545 - The 'Mass Graves' Hoax Is Officially Dead, And No One Will Be Held Accountable
Because I used to do bookkeeping. Okay, so what do we do, you know, at the end of the month? What are the clients that we have to, you know, gear towards to? So at the end of the day, God forbid anybody make any, and this is a democratic thing. It's like I don't want to get the parties into it, but they don't want to go to work. They want to work from home. People are not working from home.
The Matt Walsh Show
Ep. 1545 - The 'Mass Graves' Hoax Is Officially Dead, And No One Will Be Held Accountable
You know, this is what you signed up for. If you don't like it, resign. You know what I'm saying? They gave you the opportunity to find another job. I mean, it's not that hard. You're complaining about actually working. I don't get it.
The Matt Walsh Show
Ep. 1545 - The 'Mass Graves' Hoax Is Officially Dead, And No One Will Be Held Accountable
Absolutely, absolutely. I worked. I worked from home, and do you know what? Donald Trump got the... So there you go.
The Matt Walsh Show
Ep. 1521 - Trump Wages All Out War On DEI
Can we just drill down on this DEI initiatives piece for a moment? Because there's research that shows diversity is a strength that makes organizations stronger, whether federal or private. So what's the argument behind the scenes for getting rid of the DEI initiatives? Is it just we're getting rid of WOKE?
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
The only reason we had thought was him coming to us is because he can't do cleaning. He can't get out of bed on his own. And so him living separately, if he falls or something happens, he's not going to be able to care for himself. I get all that.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
I mean, not currently. We would have to convert the living room into a downstairs kind of bedroom area for him. Would you be willing to do that? Here's your options.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Because we were able to make the payment on the car whenever she was working. Okay. And she said that whenever she's able to get back to work, your car payment will be able to cover that too. Okay. But what she's wanting to do is she has $100,000 worth of student loan debt that we've already tried.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
We want to maintain the family relationship and not let there be any kind of divide there as well. We really do just want what's best for him in this scenario.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Yes, I have a question about how much of a percentage I'm currently putting into my retirement. I'm going to be 60 this year. My husband is 63, and we currently have about $400,000 in our retirement. But we also have a special needs young adult child that we know we want to plan for.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
We've just gotten to baby step seven two months ago, so I'm feeling still like I should hold on really tight, or can I relax a little bit, or where should I go? And I'm looking for some guidance on that.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
We've already went through a little road, and they're not in default, so we couldn't go through our refi. Okay. So we can't refi the student loans. She's current on those. The problem, though, is that where we're at with actually killing us right now is we have about $30,000 worth of credit card debt.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
It feels amazing, but I have lived until I found you all pretty hopeless about ever retiring. So I'm adjusting in my mindset to like, can I take my family on a vacation? Well, the answer is yes. And I always worry about the future for my daughter. I have two kids, both my oldest who have special needs and probably will never live independently. Sure. OK.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
So as of today, in my 401B, I have about $357,000. We just sort of discovered, you know, it feels shameful, but whatever, Roth IRA. So I've got $47,000 in my Roth 403B and my Roth IRA, individual Roth IRA for my husband and I.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
And I'm the primary income earner. He does caretaking for parents and our oldest child.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Well, I thought I would never retire before. I got some hope. So when I've been looking at it now, if I were to retire in seven years, you know, with that rule of seven, I think based on my calculations, I'd probably end up with about... And my current rate of, um, retirement savings, which is about 19% of my, of our income. Um, I think I'd have about 1.4, but I just don't know if that's enough.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
And she's wanting to do a debt consolidation loan. I've considered this. She's wanting to do a debt consolidation loan. In order to possibly wrap those all up into a lower payment, smaller than the payments that we have right now. And I was just kind of curious as to what your opinion is on this.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Monthly, I'm putting in 90% of my income. I'm sorry, 19% of my income into my retirement. So that's my match.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Oh, I'm sorry. Yeah, my monthly right now that's going in to Roth for 3B is 2,622. Good job. And then I have going into my match is about 1,000, 1,210. Wow. Okay. So can we round that up, Jade, to what we got? Okay. So, yeah, we got 3,800, like, yeah, every month going in there.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
And I think that we also have another child, so they would split whatever we've got. That's the other. Yeah, good point.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
So he does part-time real estate. So it varies. So it's probably he's doing maybe six houses a year. It's not a lot.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
He's probably making $10,000 to $15,000 a year.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Monthly, I make $19.09 twice a month, so $4,000, something like that, $4,000 a month. Okay, and then what's hers? Hers is, I want to say $1,800.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
I did that conversion process. Right now, everything's tied up in my current employer's plan. So until I retire from that, I won't be able to convert. But that's my thought is to convert over time. Yeah.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Hey, guys. Thanks for taking my call.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
I have a two-part question, a little bit of background. I have worked for the last 10 years. as a travel nurse and I was making pretty good money, um, anywhere from like 16 to 18,000 per month. Um, and I'm a single mom of six and in December, one of my children, um, actually unfortunately tried to hurt themselves.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Um, and so I gave up traveling and I took a local contract to, um, to be there to support them. And it came with a huge pay decrease. Um, And so suddenly my budget was not very good and very affordable anymore. But unfortunately, I had never really managed that money well. Even though I was making a lot, I was spending even more. So I do have poor credit. I have an eviction on my record.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
I have a repossession on my record. And so when I kind of found Dave and Money Makeover and I sat down with Every Dollar Budget, the clear answer was to move out of our rental because we have a very expensive rental home. But as I started looking, nobody would rent to me.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
So the first part of my question is if you have any suggestions for alternative rental avenues to kind of get us out of this because that would free up a lot of my budget. And then the second part of my question is I've heard Dave say he has a Ph.D. in DUMB and things like that on the show. I am having a really hard time with that.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
the shame and the guilt of not being able to provide for my family because I made so many poor decisions. And if you guys have any advice on how I kind of jumped that hurdle of the emotional weight and just feeling so pathetic.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Not yet. No, right now her life is actually being controlled. Her pain is actually being controlled by medicine. And it's something called trigeminal neuralgia, which is, long story short, they call it the suicide disease because a dentist drilled into the nerve in her jaw.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Yes, and that is the plan. I do have a wonderful church family. I do want to say that. Oh, great. But like you said, I will swallow my pride and go wherever. Lean on them.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
That's the plan. We have good church family support and good family support that when he is in a little bit more stable place, other people can step in to be there in that role and I can get back out and make a lot of money quickly. Good.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Yeah, it's very, I don't want to say rare, but that's literally what it's called. And the only way to treat the pain is with anticonvulsants.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
I, um, I'm working on learning it. I did. Um, I purchased every dollar premium last month. Um, and I'm trying to, to work on that. Um, and yes. And more importantly, I've learned what the problem was, um, that I just wasn't budgeting. Um, and I've really, that's hit home to hear all of you, but especially Dave and many makeover that, that I'm just not even watching my money.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
So it's leaving and I don't know where it went.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Whenever she's not awake, she has to take the pain medicine. The pain medicine puts her to sleep. I'm sorry. Is there any end in sight? Yeah. Right now, no. There was a, well, and then that's something else too, is that we were told that there were two specialists that could do surgery for it, but there was a 70% chance that she would be healed. The surgery was going to be $30,000 out of pocket.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Hey. Hi, thanks for taking my call. The purpose for my call today is just to see if there's other options. besides filing bankruptcy. I've been told at this point that pretty much that is kind of my only option. I've heard of Dave Ramsey.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
I don't really follow the show, and I was listening to worship music, and ironically, a segment came up, and I happened to click on it and decided, you know what, maybe I should ask somebody else and see.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
No, so I just, I've been working in the mortgage sector for a very long period of my life. And in 2020, ironically, when the market was sort of going down because everybody wasn't able to work, we were super busy and slammed with loans. And so at that time, we were making a lot of money. But ever since then, and the market sort of turned again,
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Um, my company has done pay decreases and obviously we're no longer making bonus or commission. So that's really affected, um, my financials. And at this point, um, like I said, I've consulted with a few different attorneys and they're all kind of on the same boat. That really is the only option at this point is to file bankruptcy.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Oh, okay. Um, so you want like amounts of... Yeah. I want to know why this is so dire. Mm-hmm. Sure. So I make about 80 to 85 a year. And before, like pre-COVID, it was almost like 250. So it's a huge, huge difference in pay structure. My mortgage is about 305 right now. And I have about $160,000 in unsecured loans, meaning not tied to anything. Can you break it down? Yeah. Sure.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
One of them is like $83,000 and the other is the difference of that $160,000.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
And then the credit card. Hold on.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
No. So it's $83,000 is one of the personal loans. The other is the balance that makes up the $160,000. Okay.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Okay. And insurance would not cover it. I took a loan against my stocks. I took a loan against my stocks to pay off one of my credit cards to get a better credit score, so that way I could potentially get a loan for at least half, and then it was going to work as a payment plan. But they said that unless we were able to come up – if we could come up with half of it, they could do it.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
No, that's just unsecured debt. That is not credit card.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
So $83,000 is to a credit union, and then the balance of the $160,000 between the $83,000 and that difference is to another credit union.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
No, I actually I sold all my autos. I've liquidated anything that was of value to try to pay up the difference. At this point, I'm even selling personal items just to get by like month to month. So I have nothing at this point. That's what's left.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
This has been going on for now, I would say, coming up to three years.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
I've been managing trying to pay my payments, and obviously I'm not late or anything, but I'm at the point where because my employer is planning on lowering my income again in the upcoming months, I've already been told that just based on business needs, I'm going to be at a point where I will no longer be able to make those payments.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
We're supposed to drop another $4 an hour, so we're paid hourly.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Well, if you take $4 times $41 an hour...
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
It might be a bunch of everything, to be honest with you. I mean, I'm not a victim in this situation. Obviously, I spent the money. I'm the one who spent it.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
But then we got turned down for the loan, so right now there's literally nothing else. We're like on – there's no end in sight for this.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Um, I was, I don't know what you mean by investing. Like I was tithing to the church. No 401k retirement.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
It's like $2,300 every two weeks.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
2023 Hyundai Tucson. And we owe about $30,000 for it. And I booked it a couple of days ago. I think it books for like $23,000. $23,000 or $28,000? Like 23, I think.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
No. There's no other debt. Aside from, like I said, the credit card debt, it's about $30,000. And then she has $100,000 of student loan debt. The house is completely paid for.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Yeah, she she does the budget and then I review it with her. But it's not every dollar on the app. No, but we do have it written down. It is a written paper budget.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Yeah, we paid it off like five years ago.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Hi, guys. I appreciate you taking my call. I hope you guys are doing well today. Yes, sir. Brief and to the point, about last September, my wife had a major medical problem. Something happened medically that has left her to where she's on temporary disability.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Hi, thank you so much for taking my call. I'm calling because my father-in-law has been in the hospital in California for about three months, off and on in critical condition. My husband just came back from visiting him and was given financial and medical power of attorney for him. And
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
We have found after pulling his credit report because he's an avoidant personality that he is in an extreme amount of debt and he's behind on his house payments and we have no idea where to start to help him. Okay.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
He does not. We have applied for the state of California, but nothing has been done yet. He was on FMLA leave, but there is nothing. There is no income currently coming in for him.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Correct. So he ended up with a broken foot and he was walking on it because of complications of diabetes, had no idea it was broken and got septic. He has had three subsequent amputations and his progress just keeps getting back and back and back.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
So the debt picture is he has credit cards, a vehicle, and a home loan. His home, he is worth about $850,000 on a good day. He currently owes about $282,000 on that. His credit card debt, he owes about $26,000 on his car, and then the remainder out of that $65,500 is credit cards. How much is the car worth? Okay. I would say it may be worth probably about $18,000.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
So his situation is that they're trying to discharge him to a care facility based off of his medical insurance. He only has 30 days left at a skilled rehab facility. We have put in an application for Medi-Cal, the state health insurance, to try to get him some options. There's no current rehab facility to send him to.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Ideally, what my husband and I would like is to get him out here to Tennessee and maybe take the cell of his house and get into a home together to be able to care for him as he goes through the physical therapy and learning how to walk again and, you know, all of his medical treatments that he's going to need. But right now he cannot be moved from California. And how old is he?
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
Well, thank you. The problem is that the temporary disability is less than half of what she was earning whenever she was working. Uh-huh, yeah. We're waiting for some sort of a resolution to come with us medically so that we should get back to work. But in the meantime, the four walls are built. I've asked her if we could sell the car, but that's a non-starter for her.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
We're renting. We're working the baby steps. We're on baby step two right now. We do have a special needs child, and so we've got probably about $20,000 left in debt ourselves. So the goal was to maybe use the equity from his home sale to go in on a home together that would have enough space for us to be able to take care of him and our family.
The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions
He's not making smart choices. He's been refusing medical care, uh, documented in his chart, but then he's telling us that he hasn't been, um, same thing. He says, Oh, I only have four credit cards. Then we pull the credit report. Does he have a, does he have a will? He has an outdated will that has his deceased wife on it, and he has a trust.
The Ramsey Show
This Is How You Take Control of Your Own Life
So the landlord didn't actually even split the utilities until not even 30 days ago. So we don't even know.
The Ramsey Show
This Is How You Take Control of Your Own Life
We do, actually. Yeah, it's kind of a huge market for it here. And when we started the business, there was nothing. I mean, there was nothing within 30 minutes of us. And we've had a lot of people coming in, at least, I mean, for weather permitting, obviously that changes things. But I do, I guess with the potential that I've seen, I feel like there's a way to do it.
The Ramsey Show
This Is How You Take Control of Your Own Life
There's got to be another way I can bring some more money into it. I'm just kind of stumped as to how.
The Ramsey Show
This Is How You Take Control of Your Own Life
Yeah, when we did our projections for the business in order to qualify for the SBA loan, we had to have an entire, I mean, I had to have stacks of paperwork detailing exactly what's in our area, exactly how many kids, exactly how many teams. I don't have it sitting in front of me right now, but we do have all that detailed out. My husband's been coaching for years.
The Ramsey Show
This Is How You Take Control of Your Own Life
He actually has a lot of personal relationships with high schools, the leagues, everything. So he's reaching out to all those people as well.
The Ramsey Show
This Is How You Take Control of Your Own Life
No, I don't think so because they didn't follow it up with anything like that. I mean, that's why I told her. I said, Mom, it just sounds to me like they just didn't want the business and just was a quick way for them to get off the call, in my opinion.
The Ramsey Show
This Is How You Take Control of Your Own Life
If there's not what, what does that look like as far as exiting a business is not profitable.
The Ramsey Show
This Is How You Take Control of Your Own Life
I would say probably all in all, it's about $30,000.
The Ramsey Show
This Is How You Take Control of Your Own Life
So she was recently divorced, kind of really left in not such a great place, and she's had several different jobs, some that were high-paying, some that were not. She's in one right now that's not very high-paying.
The Ramsey Show
This Is How You Take Control of Your Own Life
She's making probably about $16, $18 an hour, and it just kind of keeps them afloat with my mom's Social Security, and my mom also has a small pension from when she was employed earlier in her life. Okay, and then what's your involvement in all this?
The Ramsey Show
This Is How You Take Control of Your Own Life
Uh, more just out of concern for them. I didn't know if that, I didn't know if just not paying the debt, you know, was a, could come back on my sister since she lives with her or any of it. Cause that's what my mom's under the impression that she just stops paying it. When she dies, it all goes away. And it was kind of, I don't know. I just, it didn't sit right with me.
The Ramsey Show
This Is How You Take Control of Your Own Life
Cause I listened to you guys all the time on my way home from work. And, uh, I don't know. It just, it didn't sound like sound advice to me.
The Ramsey Show
This Is How You Take Control of Your Own Life
Hi, thank you for taking my call. Sure. I'm currently on baby steps four through six. You might tell me to go back to three after this. But I feel like after 20 years, God's leading me to leave corporate America and go into vocational ministry. My heart's been there for years, and now that I'm debt-free, I don't...
The Ramsey Show
This Is How You Take Control of Your Own Life
There's not really anything holding me back other than my goal of, like, making it to baby step seven. Like, is that me being selfish? Is that me being smart? And I was just interested in your insight.
The Ramsey Show
This Is How You Take Control of Your Own Life
Yes, it's about $559 a month. So I'm debt-free except for my house.
The Ramsey Show
This Is How You Take Control of Your Own Life
You should look at rent prices and that kind of thing.
The Ramsey Show
This Is How You Take Control of Your Own Life
it's more philosophical. I'm, uh, I'm like two years sober. And so, um, just lately I've really been more passionate about, um, helping like teens with their recovery, you know, and, Awesome.
The Ramsey Show
This Is How You Take Control of Your Own Life
Making a lifestyle, like vocational decision that's not going to give me the income I have now.
The Ramsey Show
This Is How You Take Control of Your Own Life
Um, there's not, I mean, I'm a, I'm a CR leader now. Um,
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This Is How You Take Control of Your Own Life
I think about, like, at about 3,000 when I include, like,
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This Is How You Take Control of Your Own Life
and stuff that comes out of my paycheck.
The Ramsey Show
This Is How You Take Control of Your Own Life
I don't hate intellectually. I do not hate my corporate job.
The Ramsey Show
This Is How You Take Control of Your Own Life
My heart, like corporate, like ethics is a little bit of a, not like, not like I work at a shady place cause I don't, but there's, there's kind of like that. It's just weird. Yeah. It's not where, yeah.
The Ramsey Show
This Is How You Take Control of Your Own Life
Uh, she's in decent health. She, you know, and, uh, when she retired, she was working from home. So I don't necessarily know. I don't think she's opposed to that. And I think she's actually looking into it, but I think she, she, you know, she's in the mid seventies.
The Ramsey Show
This Is How You Take Control of Your Own Life
Hi, George, Dr. John. It's a pleasure to get to talk to you both.
The Ramsey Show
This Is How You Take Control of Your Own Life
Um, so basically I, over the last month or so have been kind of undergoing a bunch of anxiety and stress regarding like my debt and everything. And I'm after meeting with multiple people, they're all saying I should file for bankruptcy, but I'm not sure if I should.
The Ramsey Show
This Is How You Take Control of Your Own Life
So she's kind of like, uh, I don't think she wants to have to go back to work, but I think that's just kind of where she's at right now to where, you know, she's just trying to figure out what she has to do.
The Ramsey Show
This Is How You Take Control of Your Own Life
Um, I mean, it's, it's, of a combination of things just starting back from a few years ago.
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This Is How You Take Control of Your Own Life
Um, combined it all is about closer to 60,000 counting my truck and the credit cards, the personal loans, everything. Okay. 35, 35 of it is the truck. Um, and then the rest is a mix of credit cards, personal loans, and lines of credit.
The Ramsey Show
This Is How You Take Control of Your Own Life
Um, so I work on base salary or base hourly and commission. So it varies, but typical month is usually between, uh, 3,500 and 4,000.
The Ramsey Show
This Is How You Take Control of Your Own Life
So, I mean, like when she was on her own, no, she had no problems. I mean, now that she has my adult sister living with her and they make $16 an hour and she's, you know, they probably don't live on the tightest of budgets. No, they don't.
The Ramsey Show
This Is How You Take Control of Your Own Life
The company does offer a 401k with 100% match, but I'm not contributing.
The Ramsey Show
This Is How You Take Control of Your Own Life
Um, it's a sales job working in retail. Um, You know, a lot of customer facing interaction and stress on a daily basis.
The Ramsey Show
This Is How You Take Control of Your Own Life
I wonder the same thing. It's just my concern has always been the, has been the money in that, like trying to stay afloat. I gotcha. Because in an ideal world, like, um, when during COVID, I actually had went to school to be a software engineer. And, and then, um, when I graduated, the tech market crashed and, um, Nobody was hiring. I couldn't get a job anywhere.
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This Is How You Take Control of Your Own Life
Yeah, that's a great question. I think it's their living habits, really. It's eating out quite a bit. It's DoorDash being delivered to the house. And I think they are trying to clean a lot of that up. But I think now it's more so... I have not once tried to clean up a mess and said, you know what, let's just DoorDash tonight.
The Ramsey Show
This Is How You Take Control of Your Own Life
Thank you for taking my call. I am... I have a question about giving. The Lord recently blessed us with an inheritance, and it stopped, and we don't need it to live on, so we are able to just invest it and give it. And it was a big surprise, and I've never had this happen before. So I'm wondering, okay, first of all, in being a good steward of this, and thinking about giving it.
The Ramsey Show
This Is How You Take Control of Your Own Life
Do we tithe the stock? Do we just invest it and then what we earn off of it, we give out of that? I'm not sure how to do that.
The Ramsey Show
This Is How You Take Control of Your Own Life
I have. Yeah, I have. More so my mom, because my sister doesn't want to. It's not always easy to talk to my sister about it. Not a great relationship? Yeah, it's not stellar, yeah. And how much debt does your sister have, do you know? Oh, I couldn't even begin to tell you. I know she has student loans and... Student loans and a loan against a trust that my family left for us. Oh, man.
The Ramsey Show
This Is How You Take Control of Your Own Life
Um, no, because everything, everything went to my mother, but he left this to me.
The Ramsey Show
This Is How You Take Control of Your Own Life
And, um, and my parents taught us live within your means save, and they taught us that we should invest. They didn't teach us how to invest. So I'm working with somebody to help me know how to do this. And, um, and so, um, I need some advice just because I want to be a very good steward. of this gift.
The Ramsey Show
This Is How You Take Control of Your Own Life
And so I, as I was thinking through that, I wanted to have many advisors who could, you know, with many advisors, our plans will succeed. I want to know, um, should, should I go ahead and just give 10% of that stock away or, or is it better to just invest it? And then as I don't even know how to, um, like how it would come back to me. I know that I've been invested in the right environment.
The Ramsey Show
This Is How You Take Control of Your Own Life
Well, as my accountant and my financial advisor said, that it's only going to be... I would only have capital gains on the amount... between the date of transfer to me. Perfect. Step up. Yes, because when I received it, I thought, oh, no, all my eggs are in one basket. They would say, don't do that. My accountant said, don't do that, my personal.
The Ramsey Show
This Is How You Take Control of Your Own Life
So I sold 75% of it. And it's just in a money market fund right now waiting for me to figure it out. And the other part, the 25% I kept in case I was going to give stock, like transfer stock, because they had said, several people have said to me, you don't want to sell it and give off of the earnings of that or what you sold. You want to give the stock, transfer the stock.
The Ramsey Show
This Is How You Take Control of Your Own Life
Okay. So at this point, I sold $646,000 worth, and that's what's in the money market.
The Ramsey Show
This Is How You Take Control of Your Own Life
And then the other stock, so you're saying tied off of that, and then... Well, is that going to count as income for you this year?
The Ramsey Show
This Is How You Take Control of Your Own Life
I couldn't tell you exactly what it is, but I know it's got to be close to $100,000. Yikes. And that's a guess. That's a complete guess, to be honest.
The Ramsey Show
This Is How You Take Control of Your Own Life
Okay. Because at this point, nothing is in my bank account.
The Ramsey Show
This Is How You Take Control of Your Own Life
And that's what we're saying. It's all at the brokerage firm. Nothing has come to me. I have got nothing. It's all sitting at the brokerage.
The Ramsey Show
This Is How You Take Control of Your Own Life
Yes, he sends an awful lot of time. And he says that I ask him questions nobody's asked. I love that. He explains things to me.
The Ramsey Show
This Is How You Take Control of Your Own Life
I want to say my mom brings about maybe $1,500 a month from her pension and Social Security. Combined? Roughly. I think. I think, yeah.
The Ramsey Show
This Is How You Take Control of Your Own Life
Well, I mean, we have no debt. We're paying cash for my son's college, and we have a six-month... And I'm getting my own pension from retirement, and I have a little other in my 403B, so no.
The Ramsey Show
This Is How You Take Control of Your Own Life
The house is paid for by my family who left it in a trust to them. The only thing that they have to pay for for the house is $400 a month for the HOA fees.
The Ramsey Show
This Is How You Take Control of Your Own Life
They're struggling. And eating? They are struggling, too. Correct.
The Ramsey Show
This Is How You Take Control of Your Own Life
Hey, so I had a question. So basically I'm on baby steps four, five, and six, and I have a little bit, so I'm kind of curious. Once I put my 15% into retirement and, um, After I have my emergency fund and all that, what do I do with my extra savings money? Because I know I don't want to just have it in a savings account.
The Ramsey Show
This Is How You Take Control of Your Own Life
Yep. And I'm already planning to have it paid off in eight years. But outside of that, I still have money left over. Great.
The Ramsey Show
This Is How You Take Control of Your Own Life
No, girlfriend at the moment. She's technically renting from me.
The Ramsey Show
This Is How You Take Control of Your Own Life
Not renting. We're just not married. So I bought the house and she's just giving me some for staying with me.
The Ramsey Show
This Is How You Take Control of Your Own Life
We're just waiting for her to get out of school.
The Ramsey Show
This Is How You Take Control of Your Own Life
I mean, I think they would listen to me. My only concern is that with my mom getting this advice from this lawyer, I think that she's just kind of like, she sees that as easy street. It's like, oh, nice. That's the solution. Just stop paying it.
The Ramsey Show
This Is How You Take Control of Your Own Life
Yes, hello. So I have found myself like in 14 months that I've been to, say, United States. I've been into this loop and my income is like very low and I can't seem to bring it any higher because I don't have any experience. I'm a server at a restaurant, like I make about 3K per month.
The Ramsey Show
This Is How You Take Control of Your Own Life
So I was thinking like should I avoid rent and then buy like a SUV and then kind of live in it until I save up some money and get some skills or is it a stupid idea?
The Ramsey Show
This Is How You Take Control of Your Own Life
Renting an apartment is about $650 per month. It's not much, but my income is also very low.
The Ramsey Show
This Is How You Take Control of Your Own Life
I have like 4k for down payment. Then yeah, I was thinking about financing one and then putting the rent on the, um, on the finance car. and that way I could go to school easier and everything. But I can buy a car and rent a room, but I won't be able to save a penny. I would be stuck in this situation for very long. That's what I'm thinking.
The Ramsey Show
This Is How You Take Control of Your Own Life
I just chose this school back there for my country and then I got accepted and I was like, okay, let's try it. It wasn't my plan to come here and then I got in this school for free and everything was good. but, um, but I'm thinking that, um, cause I've never paid rent, never worked before, um, never had like money to manage it. And this whole thing is new for me. Excellent.
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This Is How You Take Control of Your Own Life
Kind of like, so let me tell you this, there's a 50 on rent and it's going like away. Like,
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This Is How You Take Control of Your Own Life
But can I get like a reliable car for $4,000?
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This Is How You Take Control of Your Own Life
No, no. Yeah, that's definitely not the case.
The Ramsey Show
This Is How You Take Control of Your Own Life
Not that I'm aware of, but I can't imagine that it wouldn't. It's probably coming soon.
The Ramsey Show
This Is How You Take Control of Your Own Life
Yeah, so my mother was advised by a lawyer to stop paying some of her debts. My adult sister moved in with her about three years ago, and they've kind of accumulated since then a decent amount of debt, and a lot of it is in my mother's name. And the lawyer told her just to stop making payments on it and just let it go. Why was she working with a lawyer?
The Ramsey Show
This Is How You Take Control of Your Own Life
Hi, thank you for taking my call. My husband and I started a business here just the end of last year, and we were making pretty good money, but it's not quite enough to make ends meet.
The Ramsey Show
This Is How You Take Control of Your Own Life
And at this point, we've put pretty much everything we have into it, and it has the potential, but we're just trying to figure out some more ways to bring money into the business to try to increase that to make ends meet.
The Ramsey Show
This Is How You Take Control of Your Own Life
It's an indoor baseball training facility.
The Ramsey Show
This Is How You Take Control of Your Own Life
Pretty much. We started completely debt-free. We pulled an SBA loan, ended up being about $325,000. We had a very large chunk of money in the bank when we started. Part of that was going towards our security deposit. The other we kept was about $40,000 in the bank. Now we're to the point where we have about $30,000 in credit card debt.
The Ramsey Show
This Is How You Take Control of Your Own Life
We've used my husband's 401k, and our entire savings is put into it as well. There were some factors that came up that we weren't really expecting for, and that money ended up going towards the business.
The Ramsey Show
This Is How You Take Control of Your Own Life
Well, I mean... Well, we're not really behind yet on the business. I mean, the money that we spent on credit cards and stuff was actually to get the business open and started. We've brought in about $52,000 since we opened December, like mid-December.
The Ramsey Show
This Is How You Take Control of Your Own Life
um so it's making money but i mean our lease payment's 30 000 a month so we're not making enough yeah you're not making money dang what's what your lease payment is 30 grand yeah what is your um thousand square feet what's your what's your debt overhead what have y'all uh what have y'all taken well we
The Ramsey Show
This Is How You Take Control of Your Own Life
Well, we don't really have – I mean, the business essentially runs itself, and we don't have hardly any overhead. Like, our utility bill is about the highest we pay.
The Ramsey Show
This Is How You Take Control of Your Own Life
Mm-hmm. We actually haven't started – they gave us a six-month draw period, so we haven't actually started paying that payment yet. Okay. We've been paying the interest on it, which has been about, I think about $2,500, the last one I think come in, give or take. I'm expecting those to increase now, obviously, since we have used the funds from the loan.
The Ramsey Show
This Is How You Take Control of Your Own Life
So that drop period closes and then we should start seeing the first payment come through.
The Ramsey Show
This Is How You Take Control of Your Own Life
No. Well, we do and we don't because when we talk to them, basically they told us, it's been a rough go with them, but basically they told us we have a six-month job period. We only pay interest until then. Obviously, the interest will increase every month as we're spending more, you know, utilizing our funds from the bank.
The Ramsey Show
This Is How You Take Control of Your Own Life
No, it was an actual... A lump sum? Uh-huh.
The Ramsey Show
This Is How You Take Control of Your Own Life
About $30,000. We had, I mean, well, two of those are personal cards and one is a business card, but all of it went towards the business. We started with nothing on those cards.
The Ramsey Show
This Is How You Take Control of Your Own Life
I don't necessarily know that she was working with a lawyer. I think she just called a lawyer to ask for advice. No lawyer would do that. That's kind of what I felt.
The Ramsey Show
This Is How You Take Control of Your Own Life
Last month, I believe we brought in about $18,000 a month prior, about $16,000. And our first month was a bigger month coming in.
The Ramsey Show
This Is How You Take Control of Your Own Life
Correct. And we're waiting on our realtor actually, hopefully today, to give us some information on having a tenant come into part of that space to sublease it out, which we're hoping will help.
The Ramsey Show
This Is How You Take Control of Your Own Life
Well, we're not actually paying ourselves out from the business, and we don't really have any overhead. That's the scary part.
The Ramsey Show
This Is How You Take Control of Your Own Life
Yeah, so we were both working right up until we opened the business. I am currently in an IOP OCD treatment program, so I have a couple more weeks of that before I can go back to work. My husband is, I think he's doing interviews today actually to take on remote work from our business while he does that at the same time.
The Ramsey Show
This Is How You Take Control of Your Own Life
We need to be making about, I mean, we can make ends meet and actually profit on about $45,000 a month.
The Ramsey Show
This Is How You Take Control of Your Own Life
We don't have, I mean, because we don't have any.
The Ramsey Show
This Is How You Take Control of Your Own Life
What's your insurance? Our insurance is about $2,000 a month, I believe. We had to have general and then we had to have workers' comp as well, even though we don't actually have any employees.
The Ramsey Show
This Is How You Take Control of Your Own Life
At this point, no. I mean, that was the goal. But yeah, at this point, our intentions were to pay ourselves out, obviously, from the business, and that didn't work out. And so we've kind of burned through savings up to this point, both being there all day, every day, trying to make that successful. And it's to the point now that we're going to have to go back to work and do both at the same time.
The Ramsey Show
This Is How You Take Control of Your Own Life
Yeah, it's – we're pretty scared. And we – I mean, we don't – It's kind of hard because there are certain bills that we know are coming that we don't know what they are because we haven't seen them yet. Like our utility bill, we're estimating probably about $5,000, but we haven't actually seen it yet because our building is a split space, so the other side doesn't have a tenant yet.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Like, what are they telling you? Trying to find them. I believe I found a lawyer finally. I paid the fees. I haven't heard from them yet. Unfortunately, I don't know what's been done. How long ago was this? About a month ago.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
This is like my 10th lawyer. I'm telling you, I've been trying.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Well, no, he doesn't. Well, I'm asking if you think I should move out of my dad's house, like before he secures a job here, or if I should just wait until he does secure a job here and me and him move in somewhere together.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Yes, like, but once he... Once he comes, yeah. Yeah.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
No, I would tell her to get married first, but that is our plan. It's just like I live with my dad. We're not engaged.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Hi, Dave. Thank you for taking my call. Sure. What's up? So I've kind of gotten myself or my life into a big mess, and I stumbled across your show, and I'm trying to take steps to... to get out of debt. Um, so I guess I would be in baby step two. Um, yes.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Um, the problem I'm running into is before I came across your show, um, me and my fiance, I was, I was really big on trying to get us to kind of put our money together and kind of tackle this together. Um, now that I've kind of came across that, I learned it's a big no, no to put your money together before you are married. Um, and I am the breadwinner of our house. We have 10 people in my home.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
So between we have five children and then I just adopted my nephew and I have his big brother at my house too. So, um, I'm feeling all of this pressure. I work two full time jobs and I'm just trying to get control. He works a full time job at the hospital working on hospital equipment.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
I'm an old, He annually, probably about 50. And what do you earn? Last year, I made $160. Doing what now?
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
I'm an ultrasound technician. You're working a lot then. Yeah, I do full-time nights, and then I take call full-time days. So I pretty much do a 24-hour shift.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
I had two from a previous marriage.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
not marriage, just relationship. And then I put myself through school as a single mom, and then I got my career, and then I met him. And we got pregnant quickly, and then since then we've been together for six years.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
And you guys have three kids together?
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Well, at first we put it on hold because my father fell ill and I was his caretaker. And then we just haven't done it. One, finances. I felt like it was silly to spend money for a wedding. Let me ask you this.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
I'm scared because my— What are you scared of?
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
My child from another relationship and my nephew that I just got custody of, they're not big fans of him. They're not what?
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
They're not fans of him. yeah like i feel like there's red flags they they don't like him they think i deserve better six years yeah two children too late to ask some child their opinion of this guy yeah they don't get a vote we're in we're in we're in therapy together working on some relational issues do you feel like you'll be with him long term i mean do you want to marry him
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Um, I mean, most of the time I do feel like that, but it's more like we, we go through the motions of raising our kids. So sometimes I wonder like once the kids are grown up, the longevity, if that makes sense. Sometimes it feels like we're in this.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
I think there's just a lot of fear, and I tell a lot of pressure because he's coming to me now, and he's like, okay, let's put our money together. And I'm like, we're not married.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
It scares me because of the children. I don't want a broken home just because we're not.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
I think I'm just afraid to get married, and then he's... You're afraid of not getting married.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Yeah, I just want to take care of my family, and I think financial-wise it makes sense for us to get married, but personal.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Yeah. Well, it's new for me because he's never wanted to put our money together before. It's always just been very separate.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Thank you for taking my call, Mr. Ramsey.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Sure. I am 55 years old in a divorce settlement. I got a simple IRA of $1.2 million. I cannot work due to some health issues. My concern is I'm kind of, uh, I'm concerned about my burn rate and ways to mitigate my tax, my taxes. I know I'm getting a 10% early withdrawal fee because of my age and, of course, income tax. I'm not sure what to do.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Yes, I have some cognitive issues that I'm not getting hired.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Correct. I have no debts and I have no assets. Okay.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Well, when I got the settlement, I decided to work on my bucket list. So I did a couple things like jump out of an airplane and move to New York City. And then I started looking at it. I love it. That's awesome.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
So I'm living my life. I really do love it. And then I sort of went, wait a minute, I need to make this last another 20, 30 years and then realize that's probably not going to happen the way I'm going through with my burn rate.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Um, I have someone who's managing the IRA, but not a financial advisor. No, I feel like I want like a tax strategist.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Financial advisors want to, um, make me save enough money so I'll have 1.2 million when I'm 100 years old and in a nursing home, and I don't want that. I have no one to save my money for. I want to be able to live my life now.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
I have, but with everything that's going on, they say it's probably going to take a year or two years before everything might check out.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
There's just a long waiting period, I was told.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
No, I have to pay for my insurance.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Minus taxes. Income taxes. No, it puts you down about $75,000, $80,000 take-home pay.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Well, I was actually calling because my husband is very obsessed with you in a good way and big on living like no one else. So later we can live like no one else. I've always admired and appreciated the dedication, but lately it's kind of taken over. an extreme turn and seems to be taking a toll on his mental health and quite honestly, mine as well lately.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
So my question is, how do you suggest finding a balance between financial responsibility and unhealthy fixation?
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
In his mind, he thinks that our financial situation is, like, way worse or we're not where we should be in life right now, even though, in my opinion, I think that we're, you know, in a good place.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Probably recently, like, the last two or three years.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Yeah. It has really been, like, I don't want to seem like I'm, like, ungrateful for his dedication and all the effort that he puts into it, but it starts to kind of make me feel like, should I be worried? Even though I don't feel like we should be.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Yeah, we are on the every dollar budget.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Well, not to that extreme, but if we do want to go out to dinner, it is still like, oh, we've got to tighten up. We don't have any car payments. We don't have any credit card debt. We don't have any student loans. We've got over $100,000 in retirement.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Yeah, it's gotten to the point where it's like I kind of dread talking about it.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Around $150,000 together, combined.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Yeah. And, I mean, he's 25, so it's this intense here in this part of life, I can only imagine that it's, If we don't do something about it, it's just going to get a lot more intense.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Hi, Dave and Rachel. Thank you for having me.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
I was calling to ask, me and my boyfriend have been together for about two years. He lives there in Spring Hill, Tennessee, and I live in Michigan. And we discussed getting married, and he has plans on relocating to Michigan, but he's not willing to relocate without securing a job first. And he's been applying, but his lease ends in June.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
I'm doing well. How are you doing?
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Okay, sir. About a year ago, my daughter was killed in a murder-suicide by her husband. Whoa. I'm trying to get through this.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
I have custody of my grandchildren. They left three children. One he had from a previous marriage, but I have two, which was theirs. Um, because of this, um, they have a house in Texas. I've been paying on this house for almost a year. I'm trying to figure out if I should keep paying for it because it has to go through probate or continue to get
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
take care of myself, and pay off my debt, which I have a student loan that is about $80,000, but I had to put that on pause in order to take care of this house.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Well, according to a young man I had to go evaluate it, it has a little over $100,000 in equity. $100,000 to $130,000 in equity.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Well, I believe that's my fault because I'm living here in Atlanta and the house is in Texas. So I had to travel back and forth, of course, to take care of things there.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
It was hard to find a lawyer, to be honest.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
I'm already $20,000 in, and I'm getting nervous.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Taking care of the house, making sure it stays secure.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Okay. I'm also a caretaker for my mother-in-law, so I'm home. So you're married? Yes, sir.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Okay, may I say something else, sir? Sure. Okay, so when it goes through probate, A lot of the fees will eat into that. Am I correct?
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
And I'm just wondering if you think it's a good idea to wait for him to secure a job to come to Michigan to find a place together, or if I should move out. I live with my dad. Me and my daughter moved in after I got divorced. And so I was just wondering what you both think.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Okay. I mean, I've called like 10 lawyers. Hopefully, I found one. Hopefully, I have not.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
It's a city called Temple, Texas. All right.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Austin. Austin. I mean, Austin is like an hour and a half away.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Well, thank you, Dave. I hope so.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Believe me, I've been there five times trying to get this done.
The Ramsey Show
Your Mindset Matters More Than Your Money
Привет, спасибо, что пригласил меня. Как ты?
The Ramsey Show
Your Mindset Matters More Than Your Money
Это дом стоит $450,000. Мы зарабатываем $170,000. И сколько вы зарабатываете на доме? Мы зарабатываем... Что? Сколько вы зарабатываете?
The Ramsey Show
Your Mindset Matters More Than Your Money
И я также плачу за студентские налоги. У меня есть около 10 тысяч долларов, которые я расширил в бюджетном фонде, и я просто пытаюсь решить, что делать в следующем. Может, я должен заплатить за студентские налоги, или просто продолжать платить за retirement, поскольку интересные цены немного ниже, чем вы ожидаете, чтобы выйти из рынка.
The Ramsey Show
Your Mindset Matters More Than Your Money
У меня есть красивая, ответственная 19-летняя дочь, которая живет с нами, и она начинает сделать меня дочерью. Я знаю, это смешно, я сказала ответственная сначала, да?
The Ramsey Show
Your Mindset Matters More Than Your Money
Да, хорошо. Моя вопрос, ну, финансово ответственная, трудоватая, отличная работа и морально сильная. Именно. Потому что у нас есть сильное основание, которое обеспечивает их финансовой ответственностью. Мы идем годами по годам. И это в текущей ситуации.
The Ramsey Show
Your Mindset Matters More Than Your Money
Когда они учатся в школе, мы им обеспечиваем зарплату. И когда они учатся в школе, они получают все эти деньги. Если они не получают, то мы им обеспечиваем. Она могла в школе обеспечить нам зарплату в 500 долларов в месяц. И она также зарабатывала 6000 долларов, работая полностью 6 месяцев. Так что у нее есть 7000 долларов в ее зарплате.
The Ramsey Show
Your Mindset Matters More Than Your Money
Я делаю это 30 лет. Никто не звонил мне и сказал, что они были обмануты, потому что они платили за дом.
The Ramsey Show
Your Mindset Matters More Than Your Money
И мой вопрос был, может ли я даже позволить ей это обеспечить?
The Ramsey Show
Your Mindset Matters More Than Your Money
Это просто короткое дело? Что это выглядит? Это так. Она развивалась в больнице около 5-6 недель, и в ее больнице, до того, как она даже могла процессировать, и она стала так больной, что она была госпитализирована. The good news is that it does go away the moment she delivers. And she's managed it now. The hospitalization helps them to manage her sickness.
The Ramsey Show
Your Mindset Matters More Than Your Money
И это точно то, что я буду делать. Ты хорошая мама.
The Ramsey Show
Your Mindset Matters More Than Your Money
Я бы был без вреда вчера, если бы я был с тобой.
The Ramsey Show
Your Mindset Matters More Than Your Money
Ну, Дэйв, я бы хотела уничтожить мой портфель и быть способна... Я хочу трейдить с криптовалютой.
The Ramsey Show
Your Mindset Matters More Than Your Money
У меня есть инвестиционный аккаунт, у меня есть ТСФА и у меня есть аккаунт RIF.
The Ramsey Show
Your Mindset Matters More Than Your Money
Потому что я теряю в моем портфолио драматически в этом году. И я просто знаю, что я не верю, что я вернусь за долгое время. Они говорят, что он вернется, но я думаю, что он не вернется за 10 лет. И я уже 72, поэтому я просто чувствую, что... И я также испытываю. Это не так, как я не... Я делаю крипто-трейдинг сейчас за некоторое время. Ты видела крипто-маркет?
The Ramsey Show
Your Mindset Matters More Than Your Money
Ну, я сделала деньги в крипто-маркете. Сколько? Примерно 10 тысяч долларов.
The Ramsey Show
Your Mindset Matters More Than Your Money
Но я также выбрала контракты, которые были ниже, потому что у меня не было так много денег, чтобы с этим делать что-то.
The Ramsey Show
Your Mindset Matters More Than Your Money
Девушка, ты просто спишь намного лучше завтра. Я имею в виду, что мы оба зарегистрированы, так что инвестиции не должны быть дополнительными.
The Ramsey Show
Your Mindset Matters More Than Your Money
Я никогда не закрываю рынок в негативном положении. Он всегда в позитивном положении.
The Ramsey Show
Your Mindset Matters More Than Your Money
Ну, это звучит так, что этот трейдер, наверное, говорит ей, что ты должен ее вылечить и дать мне все свои деньги.
The Ramsey Show
Your Mindset Matters More Than Your Money
Привет, меня зовут Джессика, и я 37 лет, и у меня два родственника. И моя вопрос, как я получаю моментум? Я на Бейби Степпе №1, у меня около $17,000 в налогах между студентами. Моя карта полностью заплатилась, но я просто пытаюсь получить моментум, чтобы получить деньги для Бейби Степпе №1, потому что я всегда пытаюсь подтвердить свои покупки.
The Ramsey Show
Your Mindset Matters More Than Your Money
И я просто пытаюсь найти способ, чтобы получить моментум, чтобы остановить валидацию этих вопросов. Какая твоя зарплата? Сейчас я делаю около 38 тысяч в год.
The Ramsey Show
Your Mindset Matters More Than Your Money
Я слушала Дэйва Рамзи от и до за около 11 лет. Но я действительно вошла в это более в последние несколько месяцев. вот это фейсбук дачи интерфейс матрия каком-то амалии варьер варьер вывал на бенцовый вот маленькая дата я даю деда деда деда деда деда деда деда деда деда
The Ramsey Show
Your Mindset Matters More Than Your Money
He's a school teacher and also has a training, like a personal training gig on the side that he does.
The Ramsey Show
Your Mindset Matters More Than Your Money
And my concern is that he really hasn't made any profit off of the business.
The Ramsey Show
Your Mindset Matters More Than Your Money
Part of my business income was paid in cash and partly by payment apps like Venmo, etc.
The Ramsey Show
Your Mindset Matters More Than Your Money
I've been paying taxes on everything except the cash and I was wondering morally and legally how I should handle that income.
The Ramsey Show
Your Mindset Matters More Than Your Money
Привет. Мои родители недавно взяли два налога на ремонт их дома в количестве 55 тысяч долларов. И они пытаются сказать мне, что я ответственен за это. И я хочу знать, если я должен согласиться с этим или нет.
The Ramsey Show
Your Mindset Matters More Than Your Money
Спасибо, да, так что я не могла бы без вас. Но у меня есть 3-6 месяцев зарплаты, я только что закончила это, и я спрашиваю сейчас, если я должен инвестировать мои 15%, или если я должен зарабатывать на свадьбу, которую мой парень и я планируем иметь в около 1,5 года. Так что я спрашиваю, если я должен инвестировать на это.
The Ramsey Show
Your Mindset Matters More Than Your Money
Да, я плачу за мои студентские налоги, чтобы я мог переработать. Это не важно, это не хорошо для вас.
The Ramsey Show
Your Mindset Matters More Than Your Money
Я работаю с местным департаментом социальных услуг.
The Ramsey Show
Your Mindset Matters More Than Your Money
Окей. Так что ваш учебник в чем? Это в экосистеме.
The Ramsey Show
Your Mindset Matters More Than Your Money
О, когда я последний раз получил 110. Окей.
The Ramsey Show
Your Mindset Matters More Than Your Money
Конечно, если бы это была просто дом, который я ищу, который я ищу в нормальной ситуации, я бы получил риэлтора. Я получил бы риэлтора в этой ситуации? Я не знаю, как с этим бороться.
The Ramsey Show
Your Mindset Matters More Than Your Money
Мы думаем, что да. Мы просто хотим планировать это, и если что-то придет, то мы пойдем за этим. Но да, мы просто хотим планировать это сами, просто в случае. Хорошо, я бы поставил очень специальный цель, номер, который вы пытаетесь снять, чтобы спасать.
The Ramsey Show
Your Mindset Matters More Than Your Money
В конце концов, но они спрашивают меня, прежде чем они листят это.
The Ramsey Show
Your Mindset Matters More Than Your Money
Но я думаю, что преимущество в том, что никто еще не смог бы предоставить обещание.
The Ramsey Show
Your Mindset Matters More Than Your Money
Me and my wife would like to put some money away for them.
The Ramsey Show
Your Mindset Matters More Than Your Money
We were wondering what the best thing would be.
The Ramsey Show
Your Mindset Matters More Than Your Money
И поэтому мы говорим тебе, что ты будешь инвестировать в свадьбу сначала, потому что что-то случается, ты начинаешь инвестировать 15%, свадьба была в бюджете, теперь нам нужно поставить ее на кредитную карту. Конечно, да. Так что, что ты думаешь, что ты будешь зарабатывать? Мы думаем, может быть, между, я бы сказала, мы думаем между 20 и 30, depending on what rates are, but
The Ramsey Show
Your Mindset Matters More Than Your Money
Примерно нет. У нас есть только два кредитных карта, но на них нет вреда. У нас есть около $3,000 в бюджетном бюджете.
The Ramsey Show
Your Mindset Matters More Than Your Money
Да, мы смотрели на это, потому что... Потому что у тебя есть друг в инвестиционном бизнесе. Да.
The Ramsey Show
Your Mindset Matters More Than Your Money
About two months ago, my grandmother passed away, and I received about a $1.1 million inheritance. Wow!
The Ramsey Show
Your Mindset Matters More Than Your Money
У меня есть множество разнообразных мнений от нашего финансового директора. У меня есть друзья, которые работают в финансовой индустрии. Я работал в банке 30 лет. Я думаю, что я ищу другую мнение, может быть, один с немного большим кредитом, чем некоторые другие, я думаю.
The Ramsey Show
Your Mindset Matters More Than Your Money
Я не получил это в моем банковском аккаунте, я просто переехал в один из финансовых институтов, с которыми она была связана. Но сейчас это разделено на 350 тысяч, это личные выборы и CD, а потом 750 тысяч в менеджерском аккаунте. Хорошо. Я не играю в сингл-стоках, так что я, наверное, не буду делать это, потому что это больше риск.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да, и он делает очень неприятные комментарии о женщинах и... Он как-то, я имею в виду, мы не очень много разговаривали, я думаю, сейчас, потому что мой муж делает хорошие деньги, я не знаю, если он будет открытым к этому, но я боюсь, что что-то важное произойдет скоро.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да, я имею в виду, что у него были другие агентства, которые обратились к нему, потому что он очень хороший агент. Он продает много.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
So, yeah, so the boss is one thing, right, but it's you and your husband that need to make this decision, and so that's what I want to focus on, and so the fact that you haven't brought it up to him yet, or that it hasn't been a conversation, yeah, I mean, that's more of a, like a...
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Привет, спасибо, что пригласил меня. Спасибо, что принял мой звонок. Абсолютно. Я начинаю учиться в колледже в мае. И я буду фармакистом, когда я перейду на борт. О, боже. 482 тысячи. Ох, Расти, как ты? Ты в порядке? Да, я в порядке. Я больше боюсь, чем ты. Я слушал твою программу около года назад, и я чувствовал, что мне нужно пройти большой шевел, потому что я почти закончил школу.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
У меня есть работа, я начну. Сколько ты будешь делать? Я буду делать 108 тысяч. У меня есть работа, которая будет 7 дней на и 7 дней вовремя, поэтому я планирую взять еще одну работу. Хорошо.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
She just started this job a few months ago, so I'm going to say maybe around $30 to $35, somewhere in that range. What is she doing?
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Так что дом не должен быть переработан еще три-четыре года до того, как они заплатят за этот баллонный налог. Так что я не был уверен, должен ли я платить за другие вещи еще три года или так. Вы можете выйти из этой ситуации? Да.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Расти, ты будешь иметь... Сколько это будет стоить?
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Потому что мы купили это в 2017 году. Скажите еще раз. Мы купили это в 2017 году, так что это было несколько лет назад. Я уверен, что в этом рынке он поднялся немного. Да, я уверен, что он поднялся немного.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Между двумя машинами. Что стоят машины? Итак, мы платим около $10,000 на одну машину, которая стоит около $12,000 или $13,000. И мы платим около $23,700 на другую машину, которая стоит около $25,000 или $26,000.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Привет, ребята, мне очень приятно поговорить с вами обоих. Я в порядке. Какое время?
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Какова ваша вопрос? Спасибо. Моя вопрос для вас. Как моя жена и я решаем количество личных предметов в бюджете? Так что я верю, что равновесие не всегда обязательно верно, потому что, например, у нее волосы стоят гораздо дороже, чем у меня. Несмотря на то, что ты Джордж Кэмпбелл.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да, и вы две идеальные парни, чтобы ответить на это, с женщиной, мужчиной и мужем. Окей. Да.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
I was going to say, the liens against it, too, would be diminished, too.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Well, what's so hard is, I'm like, you've lost your mom.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да, корректно. Но, чтобы оставить это простым, мы можем разделить сумму в норвегском кроне на 10, и мы получили... И это работало? Да. Да, конечно, это работает, но она чувствует себя как-то виноватой.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Ну, я не буду долго говорить об этом, но в 2018 году Дэйв приехал в мою домашнюю церковь и я пришел к нему, чтобы поговорить с ним. Я был слабым и работал трудно, и я решил, что я буду следовать ему и работать трудно, а не слабым. И за последние несколько лет я работал очень трудно, и я поставил много семян на землю, и И я сказал моим детям, что у меня есть шоколад.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
И они сказали, что у меня есть шоколад. И я сказал, что у меня есть шоколад. И они сказали, что у меня есть шоколад. Мы были на ужине, и моя жена сказала, что мы только на ужине, и мы с семьей разговаривали, и мы говорили, что только мы два выйдем на ужин. И она сказала, что у нас есть ужин, и мы можем пойти. И я сказал, что нет, у меня нет ужина.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Моя жена и я остановились на вине и начали работать, что для нас как-то наш шутка. Мы собрали что-то вместе. Сейчас, я думаю, мы провели наш net worth в начале года, и это было около 4 миллионов.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Это здорово. Это невероятно. Сколько вам лет?
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
И это в основном ваша семья, а не ее? Нет, ее семья не знает, и... Вы говорите, что они не идут, мы не говорим о другом. После этого табакла. Да, они хорошие, но они все сверху. Они не на моей стороне. Они будут говорить, что это хорошо для тебя.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
большинство книг, и библиотека бесплатная, и я говорю тебе, все книги есть, ты можешь читать их, я скажу тебе, что я сделал.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Они говорят, что если ты не имеешь его, или ты не хочешь поделиться, это было просто много вреда, и поэтому Я с ним борюсь уже несколько месяцев. Я слушал его видео и подумал, что я должен просто позвонить и сказать, что у меня есть деньги. У меня не много людей в моей жизни, у которых есть деньги.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Ну, у меня есть новые друзья, я думаю, но сложно сказать своему брату, который смотрит на тебя, что у тебя 10 тысяч долларов для бизнеса. Я не имею 10 тысяч долларов для бизнеса. Я извиняюсь. Это не то, что у меня есть. Я могу поговорить с тобой об этом, но я не здесь.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да. Нет, я согласен. То, что я продолжал поддерживать, это то, И они тоже могут это сделать. И это было очень тяжело для меня. Я не пытаюсь от них отходить. Я буду с вами ходить, я расскажу вам точно, как я это сделал. Я все это написал. Я держу свои бюджеты на бумаге. Я могу рассказать вам, как я это сделал. И да, у нас много успеха и много вещей, но мы можем сделать это вместе. Я помогу тебе.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
И они просто говорят, что нет, я не интересуюсь работой. Они начинали обманывать меня в начале, когда я сказал, что я буду следовать Дэви Рэмси. Они говорят, что нет, не делай этого. Это не сделает ничего. Я говорю, что хорошо. Он выглядит как его жена и его жена. Я тоже хочу это сделать.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Сейчас будет много разных вещей, которые будут расти на поверхности. Да, это то, что мой отец сказал. Да, 100%. Прямо на голове. Это необычная беседа, необычное место. Я думал, что, может быть, лучший курс будет...
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Дэн находится в Шикаго. Как мы можем помочь, Дэн? Да, я пастор, и я живу в доме, который получен от церкви. И мы готовы зарабатывать, и моя жена и я как-то чувствуем, что нам нужно купить мудрый дом, чтобы, возможно, получить немного вреда и защитить нас от ростов и так далее.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да. Сколько денег у вас есть? Ну, у нас будет около $2,000 в месяц после снижения Medicare и Social Security. У нас будет около $350,000 в 403b аккаунте. И у нас будет $50,000 в кэш. Да, плюс что-то, что мы заработали из нашего 403B.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Мы зарабатываем сейчас около 1300 долларов в месяц. И я планирую работать еще 10-12 месяцев.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Вы посмотрели дома и что они стоят? Да, мы действительно в маленьком городе в севере Шоколада. И мы чувствуем, что мы можем получить более than adequate home for us for, you know, in the 140-150 range. Окей.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Ну, я не знал, какие были мои опции. Мог бы ты работать дольше?
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Я не подвергаюсь никакому давлению, чтобы отрабатывать или что-то подобное.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Сейчас, наверное, от 28 до 3000, что-то подобное.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Ладно, ну, я благодарю за вашу совет. Да, я надеюсь, это поможет.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Я живу с крипованной агрессией, как только я помню. Как я могу остановить это от постоянно появляться в разных сферах моей жизни?
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Я даже не могу функционировать, потому что я просто плачу. Моя мама уехала, когда мне было четыре. Я действительно чувствовала, что у меня нет семьи.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Он меня очень тревожил. Страшен, что я потерял Пауля. Страшен, что я делаю неправильное дело. Страшен, что я не достойна.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Как я могу избавиться от этой отношения? Потому что я чувствую, что она ведет шоу.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Привет, спасибо за приглашение. Конечно.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Я становлюсь 18 лет, и я действительно хочу узнать больше об инвестициях и о том, где начать.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Я работаю в школе как можно больше, у меня есть деньги в моем аккаунте для чеков, деньги в моем аккаунте для счетов, но я слышала много разных вариантов инвестирования в ИРА, инвестиции в хозяйство, все это, но я только становлюсь 18 лет, и я действительно хочу знать, что вы рекомендуете молодым людям, которые хотят начать инвестировать.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Я буду учиться в этом году. И что ты делаешь для работы? Я работаю в маленьком сообществе в моем маленьком магазине, почти как в агрокультурном магазине.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
И сколько часов ты работаешь? Это обычно fluctuates week-to-week between 16 and 20 hours. Отлично, здорово. И ваш GPA стабильный? Да, 4.0. Вот он. Ты невероятный, Клэр.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Yeah, I think you might be right.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
We're currently debt free, but I'm just trying to make sure that I'm making the right decision.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Well, we have the money from the insurance. Go ahead. We have about $5,000 in an emergency fund, but other than that, that's it.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
There is $47,000 in my retirement account.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Hey, so I'm just calling because I've been watching your show last night. I would like some help maybe figuring out negotiation tactics with collectors. I've had a few things in question for a couple of years now that I've been paying on. But a repo car hit a collection company and he's just coming at me hard.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
He wants like five grand down to make it like a monthly pay, lower monthly payment I can afford or 800 bucks a month or a year and a half. And, you know, I'm the sole provider of a family of four. And so that kind of makes it difficult.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
About 92,000 upwards. I make footage, so really just kind of what the construction... Why did you get behind? So I found a new job. Construction fell behind where I was at and just kind of lost some hours and... You know, stuff like that. I can make excuses all day for really just being irresponsible with my money.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Last year we made $180,000.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
I have some, like, checking accounts that I overdrew going into collections, and some, like, Xfinity bills and insurance bills, just stuff like that. Okay.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
We have not been debt-free since 2019.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Yeah, I think we can come to an agreement. Yeah.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
No, we haven't had a mortgage since 2019. Got it. We are just recently debt-free. In anticipation of knowing we're fixing to have a substantial mortgage, when I got the money from the insurance, we paid off some debts that we had in order to free up some monthly income.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Just the electrical bill, but I have a plan to get that caught up.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
My mortgage is $1,655. Is it current? Yes. I got a trial repayment plan, so I paid three months to get caught up and put the ink on the back end.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
He's also threatening to sue me. Oh, just tell him to have at it.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
A collection company. Yeah, they bought the collection. Like the original car company that I was buying the car from, they told me they would come to a settlement with me right after they auctioned the car. But literally right off the bat, they just sold the thing to the auction.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
They sold it to the collection company.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
We had two cars and I owed on a mobile home that was my parents. So in 2019, my dad gave us this unfinished house and we bought my parents a single wide mobile home because that's what they wanted.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Yes, sir. I can't remember.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
My mother is. My dad actually passed away the same week my house burned down.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Yes. I recently downloaded every dollar and I've already started working on that.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
What about your husband? No, he's, he's with me a thousand percent. We've been married almost 20 years, so we've kind of grown up together. Okay.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Jamie? We are currently living in a rental house because it's going to take roughly a year before our house is rebuilt.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
I'm doing fine. I'm glad I'm getting some advice on this subject that we are discussing. Sad to be in two, but it happened. Uh, 2016 went through the university program and in 2017, we became debt free and was able to purchase our mobile home debt free completely. And, uh, but since then we have obtained three major personal loans and 13 credit cards, which has put us into a hole of $46,000.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Um, yesterday we did talk to a loan officer that has, um, helped us, um, um, got us into, we didn't pay for it. We haven't bought it yet, but we were able to obtain a loan, um, of $29,000 that will put us into a debt relief loan. And, um, that's why I'm calling and wanting to get advice about it. And, uh, granted, um, what concerns me is that we.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Every loan and credit card, we have had 100% in our paying the bills on time. I don't know how we've done it.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Like paying off the credit cards to pay off the credit cards to pay off the credit cards.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
We were. Then why did you even have a credit card? Because of certain emergencies that came up.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
We did, but then we had medical bills and things like that. It came up, and we... We went to the university, but we didn't have... What's your household income, honey? Well, right now, I make $1,600 a month. My husband makes $1,500 a month, and that's only Social Security, and that's all our income.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
I am 69. My husband is 71. I just turned 72, excuse me.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Actually, we're in Hennet, Los Angeles, but we go there a lot to see my grandkids that they live. So we're constantly traveling.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Through gas. I mean, we paid... My husband is like a handyman for a friend of ours, and my husband's constantly getting paid to do it. He does odd jobs, so that's kind of what we do, what he does. So he does get paid a little bit every month, which isn't a lot, but it does help with a lot of our bills, which is not a lot of bills, but we do help them.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
We paid $70,000 for the mobile home at the time.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
A $29,000 loan. Okay. Do they want the trailer as collateral?
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
We've already decided that as well.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Dave, Jay, thank you for taking my call. Real quick, I was recently listening to your show on the way to a networking event at College of the Ozarks. And on the walk in from the parking lot, I was telling my coworker all about your show. And lo and behold, I walk inside and there's three giant Dave Ramsey posters up on the wall. And I said, hey, that's the guy. Wow.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
So I pretty much just start the debt snowball over.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
So now he's a he's a listener, too. Wow. But I spoke there one time a few years back. That's a wonderful place. Yes, it is. My question is, my wife and I recently got out of debt, everything but the house, and I'm wondering if an employee stock purchasing program is a good vehicle to fund things like emergency fund and sinking funds. No.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Okay, so even if you sell it right after it's purchased, the math doesn't work out?
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Hey, Dave. I am blessed. How are you?
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Hey, so long story short, we live next door to my in-laws. I have a handicapped brother-in-law that will end up living with my husband and I after his parents are unable to take care of him. And we need a bigger house. Because of our situation, we can't move too far away, but a house across the street is available, and we can afford it. But my question is, should we do it?
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Am I making a decision that's from the heart, or is it logical? Does that make sense?
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Well, because we already have two kids, and if we end up having to – his parents are in their late 60s, early 70s, And if we need to take my brother-in-law in, we'll need a bigger house.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Well, my husband's parents' parents died in their 70s, early 70s. We're just trying to be prepared. Are these people sick?
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
No. No, not that we know of.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Every extra opinion we have to pay down.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Hi, folks. I'm great. Thank you. Thank you guys for taking my call. How are you guys?
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Amen. So the question I have for you is my husband and I are 33 and we are possibly considering buying our first home. We would like to put an offer in, but we have the possibility of borrowing $110,000 from my in-laws in order to not touch our last nest egg, which would be a Bitcoin that hopefully will increase in value in the next few years. We can use that Bitcoin, but
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
But we are wondering whether or not it would be wise and we would like your advice.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Well, not brand new to Dave Ramsey. I know that you're not a big Bitcoin. I've been listening to you on and off my whole life since, you know, my mother.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
This would be, like, the last thing. Like, we have our assets and, like, our savings in mostly other things, but, like, this Bitcoin is, like, the last thing. We're like, oh, we could keep it because it's speculation.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Yeah, and our real savings, which would be cashing out most of our gold and silver, and that's mostly where our money is, is $250,000. Do you have $250,000 in gold and silver? Yes, we do.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Yes, and then the Bitcoin is just like $100,000, and that's why... So you could cash all this in at like $300,000 towards the property.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
You know, we're we're not we're newer to mutual funds, but and we know we listen to the Ram show, but we haven't. We mostly are like the tactile like gold and silver.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Nothing. Nothing spooks us. I just don't think that like my husband's administrator, I don't think he's just like gone to the point where he's like, OK, let's sit down and like actually, you know, like invest in them and buy them because we've just.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Hi, Dave. Thank you for taking my call.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
What's up? I've been a big Ramsey fan since I was young. My dad taught me to be smart with my money and to listen to what you had to say. Well, thank you. My husband and I, our house burned in January, and it was a total loss, the structure and all the content. And it was paid for, but it was severely underinsured.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Hi, Dave. I'm good. Thanks for taking my call.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
I own and operate a small construction business. My wife is a stay-at-home mama, and we got two kids. And got some bad treads going on, I think, the past couple years. I've acquired a pretty serious amount of debt, and we ate through all our savings. Wow, you're not making money? Not enough, I guess. What are you spending it on? I have quite a bit of
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Well, last year I had quite a bit of business expenses that were, you know, fairly irresponsible and kind of, you know, drove me down. And also the business doesn't have a real clear plan at this point, which I think is hurting my productivity a lot. So I don't, you know, my hours aren't up there.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Just general remodel construction. I do a lot of, I do some of my own jobs. And what did you buy? Just tools? Yeah, tools, and I bought a truck for the business. I already had one, but I upgraded it, and that was a pretty big expense.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
It's a Chevy Silverado 2500. Brand new? No, it's a 20.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Well, I bought an investment property last year. Sell it. Okay.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
I have one question with that investment property. I have a renter in there that I have a lease signed. Should I wait until that lease is up next January?
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
I owe $110. It's worth $150. Okay.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Yeah. Uh, and that, you know, on that note, do you, do you think I should reach, you know, start some scratch with my business, try to specialize in something to get my hours up? Or do you think I should kind of, take a hit to my pride and just get a full-time job and scale the business back to like a part-time.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Hi, Dave. I feel really grateful to get to speak to you today. I really look up and admire you.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Um, so I've recently hit a really hard time. Um, I unfortunately have like no income coming in. Um, and I am a single homeowner. Um, you know, and I have a lot of bills that I'm responsible for and I just kind of feel at a loss. Um, I don't really know what to do and I have been praying a lot and, um,
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
I don't know, something in my gut just told me to talk to you and that you might be able to give me some good advice on how to navigate moving forward.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
So a few months ago, my coworker on the clock got us into a car accident, and my doctors think that that has triggered some type of, like, autoimmune or, like, autoinflammatory disease. So I'm seeing a specialist in a little while, but I've been having really horrible pain, like...
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
And so now we're in a situation where we haven't had a mortgage since 2019, but we only got $230,000 from the insurance, and it's going to cost us roughly $525,000 to build a similar house. And that's just kind of scary for me. We've never had a mortgage that large. I don't think... I mean, I know that we can afford it. We have a nice income.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
to the point where I struggle with just ordinary everyday tasks and also the medications I take, um, you know, I can't drive on them.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
I definitely could do a work from home. I just am unable to find anything. Um, Also, the things that I can find, it's just it's not really even enough to cover my bills.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
So that's kind of a long story. Before I was actually in management, I did like HVAC. So I was an operations manager. Unfortunately, the owner was very unprofessional and inappropriate. So I had to leave the company. And then I had another internship. with sexual harassment. So they terminated me. I did file for unemployment and I did win.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
And then I actually got a blessing to do some political initiatives in the swing states last year. Once that ended in November and I came back home, I was just kind of doing side gigs like DoorDash just to kind of make ends meet until I could find something. And then I took the first job that I could find, which was in housekeeping.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
And then that's when I got into the accident and I've been out of work since.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
or am i right um i mean you're you're kind of right um you know just right now like the job market kind of sucks um you know i do what's the name of that company that just hired you right now that they work from home there's two or three of them yeah there's several of them so you don't know that george is always quoting it and i don't know the name of it i don't know the name of his but there's a lot out there i mean there's several uh
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
So right now it's $889, but that's going to go back down in October. So basically my escrow, there wasn't enough because the taxes went up.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
How much other debt do you have? I think about like $13,000.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
Are you behind? Not yet, but I'm very close to it.
The Ramsey Show
Don’t Throw Away Your Long-Term Security for Quick Fixes
So I did speak with a pastor during the summer last year.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Hey, guys. Can you hear me okay? Yeah.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
I did. I guess I'm processing how much Ken is in the room, I guess. But basically, my question is, so right now, I feel really stuck in my career. My wife and I are in the middle of Baby Steps 2. How much do you have left? We're trying to get through that. We've got about 50 grand left, so we're plugging away.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Right now I feel like looking to change careers to find something that I have a growth plan on. And my job currently, I feel like I've hit the ceiling without having to move away from where I am.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
So I work for my state agency. I am an equipment trainer. Basically, I help new employees obtain their CDL license and help with other heavy equipment.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
So right now I make $57 a year. Okay.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
I mean, for me, it would involve some type of peak teaching, whether it's adult teaching, whether working within a company that needs someone to help train new employees on their processes. Great. That's what I do, and that's one thing I love about my job. It's not that, you know, I love what I do. I have a great job, but just, you know.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Right. The only room for advancement at all would be supervising, and I would not be doing what I thought.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Yeah. Well, so I'm not from the Denver area. That's the closest big town. So I'm like from like Southwest Kansas.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Well, so my other, I guess part of the question would be during us going through Baby Step 2, would that be the good time to switch careers?
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
So my wife is a teacher, so she gets about $47,000 a year.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Last I checked, it'll take us a little bit over a year, because I work a side hustle as an interim pastor. Okay. So we're able to put most of that to the debt. So we're able to probably be able to get that done in just over a year.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Yeah, I got about three and a half at this position. I've been at the state for about 11 years now.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Привет, Генри, Ричард, как ты сегодня? Хорошо, что происходит? Я спрашиваю, если я должен остаться с моим современным работником, или если я должен начать искать другую работу? Скажи мне больше, я должен знать больше.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
У меня есть муж и отец, у меня есть три маленьких девушки, и у меня есть еще один в 4,5 недели. Вау! Поздравляю!
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Итак, мой современный работник, я сказал им, что моя семья растет, и то, что я делаю там, сейчас просто не сжимает. И я просто профессионально сообщил им, что я трактор. Так что я сообщил им, что я получаю приглашение на вредные материалы, чтобы получить работу, которая заплатит мне больше денег. Работа, где я могу быть дома ежедневно, так что я могу быть с девушками каждую ночь.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Они не имели проблем с этим, они поняли. Но потом они попросили меня подождать. Несколько дней до недели спустя, они сказали, что может быть значительный рост, потому что они провели исследование в нашем районе и обнаружили, что их зарплата довольно низкая. Так что это было около четырех месяцев назад, и я полноценно обращался к ним.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
И у них до сих пор нет ни одного возраста, и каждый раз, когда я спрашиваю об этом, они просто говорят, что это нужно подключиться к корпоративу, и они говорят, что корпоратив не дал им ответа до сих пор.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Я делаю это сейчас за год.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Ну, я сделал, вы должны получать, например, фигурку и все это через, например, федеральное правительство и все. Я сделал все это, я буквально просто должен идти в ДМВ и взять тест. Я взял тест дважды, но это очень тяжелый тест, и я пропустил его по четыре вопроса в прошлый раз. Так что я просто прошел тест, получил приглашение, и я могу идти на эти работы.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Я немного устраиваюсь, да, я не буду винить.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Хорошо. инструкция и умение выполнять мои цели в руководстве, руководстве и выполнении моего цели в службе, в том числе в помощи и безопасности. Так что для меня это много людей.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Это устраивает. Это много хорошего времени менеджмента.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Я дам тебе ее бесплатно. И с пенсионерской точки зрения. Отлично. Я дам тебе оба бесплатно сегодня. Кристиан, давайте подключимся к этому человеку.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Так что, какого рода деньги вы качаете? Так что, я зарабатываю 96 в год.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Так что, мне просто предложили другую работу, которая вызовет меня быть гибридом. три дня в офисе и два дня работая от дома, с основной зарплатой 100 тысяч, и с потенциалом, что вы получите 20% бонус от моей основной зарплаты.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
I don't know if technically I can dip into that.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Ну, потому что я, технически говоря, бы делала меньше. Я думаю, что сейчас мой муж и я собираемся домой около 12 месяцев. И если бы я взяла это, мы бы привезли около 97. Почему бы нет меньше? Я думаю, что это не включает бонусы. Да, точно.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Да, и профессионально я думаю, что работа, которую мне предоставила эта позиция, будет для меня степенью профессионально. Круто! Но я не знаю, я просто немного нервничаю. Так это «нет»? Да. Мелани, давайте я задам тебе настоящую вопрос, и ты был отличным спортсменом, потому что Рачель думает, что я глупый, а я не. Я не обвиняю тебя, я просто пытаюсь тебя обучить.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
But it seems like we are hemorrhaging money through our miscellaneous budget item and our food item.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
You know, we've got one car loan.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
We've got about $12,000 left on that.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
У нас есть медицинская вреда. У нас был ребенок в этом году, поэтому у нас около $6000. И еще у нас остались студенческие налоги, которые стоят около $4500. И еще бюджет, у которого осталось около $200,000. Так что в целом вреда около $222,000. Мы делаем $185,000-$190,000. И в конце месяца у нас просто ничего осталось. Я просто хотел бы получить информацию о том,
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Что бы семьи зарабатывали в месяц, может быть, в бюджете, но мы просто зарабатываем то, что мы зарабатываем. И, вы знаете, мы выросли в зарплатах за последние пять лет огромное количество, мы увеличили то, что мы делаем, но мы все еще зарабатываем все, что делаем. И поэтому я не могу понять, как выйти из этого шкафа.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Я работаю в аккаунте, что довольно иронично, но я не хороший в аккаунте за свои деньги. Но, вы знаете, мы создали бюджет для еды, по-моему, от 1500 до 2000 в месяц, а потом ты сидишь там и говоришь, что мы просто потратили 3000 долларов на еду, и ты сидишь там и говоришь, как мы это делаем? Ну, как Георгий бы хотел не слышать, мы едим все время. Да, это все, это все.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Не очень долго. Я думаю, что это больше для того, чтобы снижать деньги для моего мужа и меня. Мы были в «Бабий степ 2».
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Я имею в виду, да, да, да, да, да, да, да, да, да.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
У нас есть больше в бюджете. Но, понимаете, мы просто, когда мы до конца месяца начинаем делать дополнительные налоги, они не есть. И это просто супер frustrantно.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Вы знаете, у нас есть три из них для Салли Мэй, но они составляют около 4500 баксов.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
И это плохое дело. Все знают, что они недостатки, поэтому мы даже не платили за них. Мы просто сжимали их в машину. И я знаю, что это не то, что «Бэйби-степ-2» является для этой «Газеллы» интенсивности.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Да, спасибо за звонок. Итак, Моя жена и я уже готовы уходить из нашего дома. У нас есть маленькая дочь, и мы продолжаем развиваться. Мы рассматриваем наши варианты, и потому что мои родители очень добры, и мы очень благословлены, они сказали нам неделю назад, что они собираются дать их детям первое имущество, чтобы они могли посмотреть, как они их зарабатывают.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
И имущество составляет около 300 тысяч долларов. Вау! Да. Это невероятно. И это открывает для нас много вариантов.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Но у нас тоже есть чувство, что мы не имеем никакого вреда с нашим следующим домом.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Как много? 1350, это то, что будет заработать.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Ну, я хотел бы сказать спасибо, в первую очередь, я начал слушать вас около шести месяцев назад, и это действительно сделал импакт. Кен, я просто начал бенжинировать, пытаюсь менять карьеру скоро, но это не в связи с моими вопросами. Я только что закончил заплатить все мои деньги прошлой недели. Вау! Поздравляю!
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Сколько ты заплатил? Я бы сказал, что около 20 тысяч в 6 месяцев.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Но сейчас это может быть очень мало. Я в особой ситуации, когда у меня нет зарплаты, поэтому я так быстро заплатил все. Но зарплата в этом районе 20 тысяч будет хорошим.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
О, хорошо. Это то, что мы рекомендуем. Ага. И куда это пойдет, если я буду фокусироваться на получении этого бюджетного фонда, прежде чем зарабатывать $3,000?
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Как долго вы с ней встречались? Это идеально. Я был с ней два с половиной года. Мы действительно жили вместе, и ее родственники, которые не знали ничего о Рамзи, жили с нами. О, боже, это был полный шоколад. Это был полный шоколад. Что это значит? Они не получили денег. Один из них действительно должен быть в больнице. И мы не сможем ее удовлетворить.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Это довольно тяжелая задача. Да, это пакетное дело. Она из Гуам. Это просто их культура.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Я точно низкий уровень. Да? Она хочет какую-то церемонию. Окей. Я никогда не был женат. Она была. Окей. Так что церемония важна, но она очень-очень дорогая.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Я живу с криповым расстройством для какого-либо времени. Как я могу остановить это от постоянно появляться в разных сферах своей жизни?
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Я даже не могу функционировать, потому что я просто плачу. Моя мама уехала, когда мне было четыре. Я чувствовала, как будто у меня не было семьи.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Он меня очень тренирует.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Страшен потерять Павла. Страшен делать неправильное дело. Страшен не быть достаточно.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Как я могу избавиться от этой отношения? Потому что я чувствую себя, как будто она ведет шоу.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Я была... Я была обнажена. Обнажена, да.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Мы любим тебя, Мелоди. Я люблю тебя. И я просто хотела убедиться, что я не... Ты не. Я не буду стрелять себе в ногу с $3,000, что я буду делать. Но ты сказала, что ты не включишь бонус в этом упражнении.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
But in terms of finances, I'm just having a hard time dealing with that.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Сейчас я работаю на двух полночасовых дистанционных работах. Это было здорово для моей семьи. У меня дети в школе и так далее. Я счастлива, что нашла два дистанционных работа. Подождите секунду.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Yeah, so my wife and I, we're hoping to gain perspective around our financial situation and whether it's reasonable for us to start thinking about scaling back from, you know, a traditional 9 to 5 situation.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
It's around $2.8 million. Way to go.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
I hope you're not going to tell me to sit on your butt. Yeah, you know, do nothing. Yeah, I mean, we've been, you know, we've put off traveling. We've been together for about eight years, and, you know, that's something that we wanted to do. And so I know that you can travel and still work and stuff, and we would still want to work and earn an income.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Yeah, so she does hair, kind of like hair and makeup stuff, and then I do online stuff, like e-commerce stuff.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
You work for somebody else. I do, yeah. I work for a company, so I'm employed. Oh, I misunderstood.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
So she does a chair rental, but she's still a regular. Yeah, she's a regular client, so she services.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Yep. And then there was some liquidation of some stocks and that sort of stuff. Is your house... It's broken up between... I'm sorry?
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
No, so we actually rent, funny enough, but the 2.8 is broken down between – there's about 1.8 in cash that sits in, like, CDs and high-interest savings accounts. Why? And then there's about a million in – What do you have 1.8 in high-yield savings? I don't know.
The Ramsey Show
Attack Your Debt Instead of Letting It Attack You
Hi, thank you so much for speaking with me.
The Ramsey Show
Attack Your Debt Instead of Letting It Attack You
Well, my husband and I have a home that his parents are about to move into in a few months, and we want some advice as to whether it's better for them to just be deeded the house, or if we do have them just pay us the mortgage amount, what should we put in a contract just to keep our family relationship healthy but keep everything legal and just secure?
The Ramsey Show
Attack Your Debt Instead of Letting It Attack You
We are... We're kind of doing a house shift. His sister's coming from a very expensive part of Washington, DC, and she will move into the parent's home and be deeded their house. And the parents will move into our smaller home and downsize.
The Ramsey Show
Attack Your Debt Instead of Letting It Attack You
Um, and all of the mortgages are so cheap because the homes are purchased years ago compared to refinancing and adding about a hundred to a thousand dollars, well, hundreds or thousands of dollars more.
The Ramsey Show
Attack Your Debt Instead of Letting It Attack You
My husband and I have two homes. When we got married, we both bought a house into the marriage. So this would be the house that we've just had renters in.
The Ramsey Show
Attack Your Debt Instead of Letting It Attack You
Okay, I'm writing everything down.
The Ramsey Show
Attack Your Debt Instead of Letting It Attack You
That's the issue. Where we are, the home would go for $380,000, and we only owe $190,000. But I am aware that if they purchased it at the market value right now, we have a, I think it's an $1,100 mortgage on that house, and it probably knocked them all the way up to $1,800, if not more. Yeah, huh? And you're saying that's too much?
The Ramsey Show
Attack Your Debt Instead of Letting It Attack You
Oh, they can. I guess we just want to be a blessing to family and not make anybody have to pay $800,000 plus more a month. if we already have the homes in our name.
The Ramsey Show
Attack Your Debt Instead of Letting It Attack You
Would it be better then just to have the contract for a renter?
The Ramsey Show
Attack Your Debt Instead of Letting It Attack You
Right. We wouldn't do it for free. They would cover what we would owe monthly. We just want to make sure there's no legal repercussions, and we definitely don't want to do a handshake deal. We want to have a contract.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Yes, I started making $10,000 to save program, but it seems like they're changing that.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
I was paying about like $100 a month on it, but then I had stopped paying.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
They put it, I forgot the term, they had put it on... Like something they said, like, you don't have to pay at the moment because I guess they were figuring out everything as things were changing.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Here's the kicker. I'm not supposed to know. There is no one who is supposed to know. I found out Let me rephrase that. My son found out by accident. So I'm really not upset. I'm glad it's staying in the family. I'm upset because of the lack of conversation, that she didn't trust me enough to have a conversation with her.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
That's what I've been doing. With the credit cards, I've paid one off already.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
I just have one credit card left, and there's $1,400 left to pay on it.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
No, that's it. And then the next thing I would have to tackle is just paying off the student loans. That's the only credit card I have left. I don't have any.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Because I had talked with another financial advisor.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Yeah, I said it would be best to consolidate it all together instead of doing a bunch of different stuff.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Well, they have the money to fund it. Now, my financial situation is different from my sister's. They have the money to take care of it, whereas my financial situation is a little bit different. So I completely understand, and I am not resentful of them for their wealth. I'm not resentful of my mother for hers. I'm very glad that they're going to take care of it.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
I'm just upset that she didn't trust me enough to have a conversation. I don't ask her for money. I don't live with her. I don't depend on her.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
I have a question, and I've got the perfect people for this. What is the long-term effect of pausing retirement payoff debt?
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Right, and I mean, we're fairly young, so I'm 31 and my husband's 30, so we still have a long way to go before we even retire.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
I know both. So we have $20,000 in my car. We've got $32,000 in my husband's truck. I know they weren't the smartest purchases, but we're fixing it now. I do have $10,000 in student loans, but my grandmother is actually going to pay that off this week for me. So it was a huge gift. Yeah, I know. I'm so grateful.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
So that is something we talked about. When I looked at the different debt snowballs, just to look at all of our options, we're newer to Ramsey. Awesome. If we pause my retirement and my husband's retirement, that opens up another $1,000 in our debt snowball, which is already at... which is already at $1,550. So really that snowball is $2,550. My car would be paid off November of 2025.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
The truck would be paid off by August of 2026, worst case scenario.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
So mine is about eight. My husband's is about It's either six or eight. I can't remember, but I'm not vested. I wouldn't be vested until after we paid off both of the cars anyway.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
My husband's vested up to about 4%.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Well, I know why she didn't, but she doesn't approve that I'm divorced. She does not approve of it at all.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Hi, Dr. John and Mr. George. How are you guys today?
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Yes. To keep it quick, I am stuck in an auto loan that I'm trying to get rid of. I'm 25 years old. I really want to be debt-free in the next couple of years, and I just don't know what to do. We'll get to that. I have no financial literacy, no financial strong background.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
I was silly for getting involved with this car now that I found you guys a few months ago, and now I realize how silly I've been with my money, and I just want to be better. I really just want to be better.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
So I actually have two auto loans. One was repossessed, and that was $24,800. I'm sorry, $24,800, yes. And then the one that I currently have on my credit report, it says $24,102. But on the actual statement balance in my account, it says $22,142 that I still owe. I don't know the difference in that.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Same reason. They still have dinner with my ex-husband almost every other week.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Okay. We can do this. How much do you make? Last year, based off the taxes, I made $31,000. I do have another job, and so I calculated that I'd make about $52,000 if I remain how I am this coming year.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
I have an associate's in criminal justice technology, and I'm currently pursuing a bachelor's in forensic psychology, and I'll graduate next spring.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
So my main goal is to... My main goal is to be a youth advocate. So right now I just applied for a state position to be a juvenile officer slash counselor. I'll come in making about 40 based off of my current experience in education. When I graduate, that bumps me up to closer to the 50,000 range.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Yes, yes, yes. You know that good old Catholicism, you know, an annulment. When I got divorced, I didn't even care about an annulment. My ex-husband went for the annulment. And let's just say the tribunal, if you've ever been through an annulment or know anything about it, it's not fun. It's not pretty.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Yes, but I do have to cut back necessarily on the hours given that I do do work in my ministry. And so what I'm finding is that I'm a little too busy for God, and I really want Him to be my focus, but I also just want to be debt-free, so I don't know how the balance works with that.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Okay. So I've been listening to you guys for a few months, so I try to do the steps, like Googling, like Kelly Blue Book. And so my car is worth $8,400. And when I called my bank, so I just got my tax refund, and I used a lump sum of that to catch up on my payments. And when I looked at my statement, I noticed that the money didn't move.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
So I called them personally, and they said, well, every day that you're late, it's interest added, and my interest is already 23%. Oh, my goodness.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
It was originally, I believe, $24,000. Okay. And you're telling me the car is only worth $8,000 now? Yes, sir.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Well, the repo, I didn't have anything. I kind of just went in, and my brother helped me co-sign, and we just got that car straight out from the beginning. So the repossession had nothing to do with this car, per se. I mean, it hurt my credit, meaning my brother, but...
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
I have no idea. I put in my VIN number direct so that way they can go pull up the whole entire history.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Oh, no. It wasn't a buy here, pay here kind of situation. It was like a regular car dealership, but they help people that aren't financially there.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Yes, sir, and I tried to contact the company, but they continued to send me to another line that just cuts out, and so I tried to talk to management and all that, but no one gave me a direct answer of how I can start doing monthly pay so I can get that down or get that out, so I don't even know how to do that.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
No, sir. I did get a letter in the mail saying that they did sell it. Okay.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
I think it was still like $20,000 because it was a total vehicle that they repossessed. So it wasn't that much of a difference. But on my credit report, it still shows a full $24,000 loan.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
You know, I thought I was over because it was 10 years ago. I mean, the divorce was 10 years ago and it wasn't pretty. I mean, he left, I won't even go into it, but it was just a nasty.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
No, I just needed to know that I'm not... You're not crazy.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
And I'm not being gaslighted. It's not my own mind gaslighting me that I did something wrong here.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Right. I mean, my sisters, I can understand. We've never had the best relationship, so I understand where my sisters took a step back. I totally understand that.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Hi. Um, I had a question regarding insurance. Um, so my husband and I, we canceled our IUL plans and we're applying to get term life insurance. Um, but we're wondering if you folks have, or like recommend some type of insurance that covers like if we get sick and we're unable to work, um, Or is that what disability is?
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Well, you know, I'm not upset for me. Yes, you are.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
We're still in baby step. Yeah, we're still trying to get out of debt.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Well, we have about $200,000 in debt. So we're making our way.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Yeah, I would focus on... We're new to this, so we're, you know...
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
And be okay. I'm upset for my daughter because she loves this property. She loves this land. Is she not allowed to go on it? She is. In fact, she's living with my parents. Great. When my daughter and I had an argument, my parents took her in.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
So my policy was around $400, and then my husband was around $300.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Oh, I couldn't tell you. I know like if like the death or the death benefit or whatever was like a million dollars for mine and then 500.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Oh, I couldn't tell you that. I don't know.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
But it was kind of something that just like is in the background, you know, like we just pay it every month and, you know, just don't worry about it.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Well, I'm glad you guys are getting term life.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
No, but I know to go through Zander.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Hi, John and George. It's crazy. It's so surreal to be talking to you right now.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Everyone says they're so nervous. I feel it now.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Okay. So my question is, will a basic will through mama bear legal forms protect our children's custody and inheritance, and the reason why I ask this is because we would like separate people for custody and handling their inheritance.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Oh, yeah, for sure. I was already on the website shopping around, seeing what my options were.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
And since they chose not to, I just, I ride then, like, say nothing to them.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Hello. Hey. I could cry right now.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Hi, thanks for taking my call. Mine is not so much a money problem. My parents sold our family farm to my two oldest sisters without telling me, without telling anybody, without a conversation. I found out accidentally. I'm just wondering how do I deal with the lack of respect?
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Oh my goodness. Um, so, um, long story short, um, try to make this as quick as possible and our time is limited. But having said that, um, I'm on my third marriage, been together, been married for almost 10 years. My husband's second marriage, we both got burned really bad financially. Really, really bad. Having said that, so when we got married, we had a financial conversation.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
What does your financial picture look like personally? What does mine look like? We had that conversation. Everything was great. You know, what are we going to do? What does this look like, you know, as we're progressing in our relationship? Um, moving forward, having said that, you know, we opened a joint checking account of course, and then he contributes money to it. I contribute money to it.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
You know, we pay all of our household expenses out of that. He has his personal accounts and then I have my personal accounts. Um, I'm following the baby steps. I've got 2000 in savings right now. Um, my vehicle be paid off this year. Um, And then I am attacking some credit cards that I've got personally, which is great. I feel really good about this.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Correct. And I would say, I... I'm going to say it's my mother. It's not my father. I think he would have had that hard conversation because he's not afraid to. Is he still alive? Oh, yeah. He's very much on the line.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
I've been putting in, I don't know, the last two months, 70 to 80 hours a week to make sure I'm making enough money to take care of these things.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Sounds like you're doing... Well, yeah, my question is that I have had... You know, my husband keeps and he makes probably 15, $20,000 more a year than I do. And he's got a lot less bills and he's constantly screaming about money. Yeah. And I'm asking him, what is the problem? What is the problem? I don't understand why you're so upset all the time about money. Um,
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
After we got married, I had L-tissues. I'm a diabetic. My father died right before we got married, and he had a bunch of insulin left over, which is the exact same insulin that I took, so I didn't have to buy insulin for a while. I didn't have health insurance, so it cost me about $800 a month for insulin.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
No, but it was always in my mother's name. It was never even when she came into it.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
He told me, I'm sorry. No, you're okay.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
He told me after we got married, because... Where I worked, I didn't have health insurance, and I couldn't afford it at that time. I mean, it was outrageous, but anyway, and he told me, I said, thank you so much. Thank you so much for everything you're doing, and
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Well, no, that's the thing is, you know, I just don't really know. But I said, thank you so much. Now I've got insurance and I won't have to pay $800,000 a month for my insulin. Because now he's got insurance and he said, well, listen, don't you go crazy going to the doctor because I can't afford that. And women are elephants, and we hold those things, you know.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
But still, you know, it hurt terribly. And I said, well, guess what? And I started crying. I said, you know what? You're not going to have to pay for a dime.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Right. Yeah. He would have had to sign the papers.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Hi, good afternoon. I was just calling because I've come to the realization that I've made a lot of really bad financial decisions. For a while, I was blaming my parents and being upset about it, but I feel like I should also take accountability.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Yes, so I just, I wanted to get some advice because I'm in a lot of debt and I've been working on paying them off, but I still feel like I'm kind of drowning and my mom's currently asking me to help buy a house and I don't know. That's a hard no.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
So I'm in about $230,000 worth of debt spends. That's student loans and then some credit card debts. I did pay off one credit card recently and I closed the account. I got that advice from your show. Now I'm just working on finishing paying off the other one.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
No, but that is what my dad wanted me to become. So he talked me into taking out the loans and staying in school.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
The farm has been in my family since 1852. It is totally my mother's farm. I understand that. It is her choice to do with what she wants. I don't have a problem with that. I'm happy it's staying in the family.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Yes, I got two degrees. I got an undergrad in public health, and then I got a master's in health administration.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
I'm currently working as a care coordinator. I make about $54,000 a year.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Probably like around $75,000 to $80,000 a year.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
But the student loans are with the government.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
And all the loans are in your name, right? half of it is in my name and the other half is in my mom's name.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
She wants me to put my name down for it because I have pretty good credit. No.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
I have a master's in health administration. So I'm looking to go into like administration and hospital management.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Well, I'm currently renting out a bedroom and paying monthly rent.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Why? Thank you. Thank you. Thank you. Thank you. I didn't even have to say anything.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
Because I have a chronic illness, so I originally did want to move out when I started college and go to a different state. But my mother didn't think that was a good idea because she was worried.
The Ramsey Show
Don’t Let Your Present Reality Define Your Future
No, I'm still taking care of myself pretty well now. I take care of myself, all of my medical stuff. I make my own appointments, go to them. I'm pretty independent now.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
No. No, so we've been in business.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
Well, so we have business debt because we purchased, I made some, you know, terrible financial decisions as far as buying a truck at the wrong time, purchasing a newer truck instead of an older truck. Um, and one of the, one of the biggest, I'm sorry.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
One of the biggest debts is in February I had to spend 30,000 on a pickup truck. Um, because in February I had an accident. and I had to clean snow, and I had no choice but to purchase another truck to complete the snow for the commercial properties.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
I have insurance. They fixed my other truck, but now I have two trucks when I didn't even budget for that or plan for that.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
Yeah, right now I'm done. Right now I try to make the lowest amount of expenses. For instance, I don't even go out and do that anymore. Okay, let's go back to the business.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
We do landscaping and construction.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
I have six. I have about another 30.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
So I have, it's a couple of credit cards. I have one credit card at $16,000.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
And then I have another credit card that is $6,000. And then I have another one that's about $8,000.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
So the other $35,000 is I have, the first truck I have, I still owe $15,000 on that. Okay. Okay. And then I owe my dad $12,500. Okay.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
My net profit was around $40,000.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
So right now we're sitting just at $2 million. What's interesting about it is we hit our first million just before we turned 40. And then seven years later, we just turned 47. And like you say, it doubles every seven years. We just hit $2 million. Wow.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
Yeah, so we recently hit a million dollars in our retirement, thanks to the guidance of your SmartVestor pros. So a big shout out to Chris and Tyler out there. It was awesome. When we saw that seven figures on there, I'll tell you, that was so inspiring and exciting. That's sweet.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
In Connecticut, but it's... Worse. I live in their city.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
We also have about $750,000 in our home equity, another $150,000 in our college savings, and then the remaining hundreds in cash and cars and things like that.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
Well, interestingly enough, so my grandmother passed away about seven years ago, and she gave the grandkids just $1,000 with a message of saying, hey, live life, have great experiences. And today would have been her 106th birthday. So this is an experience that I'll never forget. Wow.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
Yep, 99 and a half. She was the matriarch of our family. And my daughter is named after her. She's the fifth Adelaide, named after her grandmother. Adelaide the fifth.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
So our adult income, you know, range from 45K to 220 is about what we make right now. But I'd say probably since we started the baby step process, you know, 15 years ago, it's probably averaged about 160 to 170. What do y'all do? I am in medical device sales leadership and my wife is the COO of this household.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
Yes. I graduated in three and a half years from Miami University in just business marketing.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
So I'm sure you can relate to this. I graduated with a 3.07. I was dying to get that 3.1. Look at you. But unfortunately, I fell a little short.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
So in Texas, you're required to have either a pickup or a Jeep. So I went with a 2018 Jeep Wrangler Sport.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
Well, we just upgraded her car. She had been driving our last, the last thing we ever took debt out was in 2009 when we bought her a Traverse. But now living here in Texas, she wanted a convertible. So we upgraded to a 219 Buick Cascada convertible. Oh, that's fun.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
Oh, it played everything. I mean, I tell all the people, because we do financial peace and lead that. We're leading a class right now. And I tell everyone, when you start, it's amazing. You immediately get a raise. The advice I give people all the time is dream big, but act small.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
Um, so like, yeah, my wife and I, we always have these conversations about, you know, what we want our future to look like. Um, and it's just exciting to kind of see like, what goals are we going to have? What do we want to do? It keeps us motivated, but dreams, you know, without actions, just a wish.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
So, you know, if we, uh, if we want to do these small things, your future is determined based on these small little decisions every single day. And the budget, you know, keeps us on pace with what those small decisions are so that we can reach those goals.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
The business is growing. You know, last year in sales in 24, we did around $200,000. and 23 to 100. So it definitely is growing.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
How's it feel? Love it. It's so freeing. I mean, the journey, we're $2 million, but to be completely honest and stuff, it's not always a smooth ride, right? No. The last year, I mean, I've gone through a couple different layoffs in medical device. Sometimes you have that with startup companies or different things. There's been some layoffs. And through the entire time, like, We weren't stressed.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
We knew we had the emergency fund. We knew we had our budgeting. We knew we had all this stuff in there and we're just constantly at peace. you know, with where we're at today and where we're going to be tomorrow. Yeah.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
jade washall ramsey personalities my co-host mike is in idaho hey mike welcome to the ramsey show oh how's it going guys better than we deserve what's up all right so um i think i accidentally started business and i need a little help here explain all right so um i'm a high school photography teacher and i teach yearbook and journalism and all that kind of stuff
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
I started taking senior photos and sports team photos and designing banners. And essentially, I started doing it simply to essentially pay for my classes. In Idaho, we really don't have a lot of money for things. And I wanted my students to actually, you know, have cameras to take a photography class, which I think is super helpful. Anyway, so... Yeah, you think? Yeah, right.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
So anyway, I've taken all that money and I just donate it to my classroom. I hire some of my students in order to get them experience. My problem, I suppose, is a good problem here, but word's really gotten out that I'm doing pretty well with this stuff. I'm starting to get booked up with a lot of different senior photo sessions. Great.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
A lot of different teams are contacting me to get their photos, and right now I'm looking at like $400 to $800 a month I'm bringing in for my program that I'm donating. Because I'm making actually a lot more money than I originally thought I was going to, I want to make sure I'm protecting myself, and I'm very ignorant when it comes to business.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
I still want to donate a lot of this money, but down the road, I would really like to maybe start compensating myself with all the hours that I put into this. Do I need to file for an LLC or I guess what are my next steps here?
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
Again, I'm not sure yet. I'm not sure which route I want to take, but I suppose that would be my next step to decide. If I wanted to start compensating myself, what would be my next steps?
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
They're not going to get any money from me anyway. Exactly.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
Yeah, so we all have our own accounts for each one of our programs here.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
And right now every single dime is going to it. So am I okay right now at least? You're fine. You're fine.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
Well, again, we don't have a whole lot here.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
Correct. Well, cameras break down and all that kind of stuff, and new equipment comes out, and they keep filling my classrooms full of more and more kids, and I need more resources, I guess.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
Hi. How you doing, Dave? Great.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
So I'm 20. I rent right now, but I'm looking to buy a home. I only make $30,000, though. What's your advice on being so young and not making a lot of money trying to buy a house? I wouldn't buy a house.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
I feel like I'm bad at budgeting my money and like when it comes to like rent and all my bills and actually budgeting, I don't know where my money's going. Well, do you have debt? I learned about you in high school. Um, yes. I got $17,000 in a car. No, $16,000 in a car.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
Wait a minute, wait a minute.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
Hey, how are you? Pretty good.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
So I'm looking to get advice. I have a small business. I have about $95,000 in debt, um, in our business and we've made good money in sales, but every time I feel like I make money, all of my profit just goes to my credit cards and I never see anything. And it's just very frustrating cause I make two steps forward, one step back, if that makes sense.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
Hey, Mr. Ramsey. Hey, Jay. Thank you for taking my call.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
Well, my fiance and I are getting married in October. Yay! Yes, it's exciting. So I've been using y'all's resources online, so I have a good picture of how to set the budget. But my question today is how do we approach and ask our parents how much, if any, they're willing to contribute to this wedding?
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
Not specifically. Her parents, we kind of started the planning process. Both her and our parents were kind of like, don't assume like you're on your own.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
Her parents offered to pay for her dress.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
And seemed like they wanted to help with the venue.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
My parents, they haven't told me specifically, you know, amounts or what specific expenses they would want to.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
I'm 23, and she is going to be 22 in about two weeks.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
So I'm trying to see what I can do to get my debt down. Um, I also have a small, Small debts in the personal, because I'm also looking, I want to buy a house next year as well. So that's what I need help with.
The Ramsey Show
Normal Is Comfortable, but Comfort Doesn’t Build Wealth
Honestly, I ran the numbers. We can cash flow this ourselves.
The Ramsey Show
Be Prepared: Math Doesn’t Care About Your Life Situations
Learn more at RamseySolutions.com slash SmartVestor.
The Ramsey Show
Be Prepared: Math Doesn’t Care About Your Life Situations
Hey, thanks, guys. I'm looking to propose to the girlfriend within the next year or so, and I'm curious about how I should go about doing that financially. What's the best way to calculate or determine how much one should spend on an engagement ring?
The Ramsey Show
Be Prepared: Math Doesn’t Care About Your Life Situations
So right now I'm 21. I'm a full-time college student. I only make $15 an hour, but I do have $30,000 in cash just kind of waiting to pull the trigger. I know that's probably too much.
The Ramsey Show
Be Prepared: Math Doesn’t Care About Your Life Situations
Zero. Because you said $15 an hour, right? Yeah, maybe $1,000.
The Ramsey Show
Be Prepared: Math Doesn’t Care About Your Life Situations
I think she'd be happy if it happens.
The Ramsey Show
Be Prepared: Math Doesn’t Care About Your Life Situations
I made it sound like you killed somebody. Business ventures. Nothing crazy, just lots of savings.
The Ramsey Show
Be Prepared: Math Doesn’t Care About Your Life Situations
That happens all the time now. You probably could FaceTime her now. I think she... She doesn't want it over the phone.
The Ramsey Show
Be Prepared: Math Doesn’t Care About Your Life Situations
I'm sorry, Ramsey fans. That can't happen.
The Ramsey Show
Be Prepared: Math Doesn’t Care About Your Life Situations
There you go. I like it. What's up, Zach? So, I'm on babysit up, too. I'm almost paid off with a credit card. My question is if I should pay off my 401k loans next or jump straight to the next credit card.
The Ramsey Show
Be Prepared: Math Doesn’t Care About Your Life Situations
I have one for $4,000 and one for $8,000.
The Ramsey Show
Be Prepared: Math Doesn’t Care About Your Life Situations
Debt consolidation. And then I ran back up the balances as you often do.
The Ramsey Show
Be Prepared: Math Doesn’t Care About Your Life Situations
I just didn't change my habits. You know, I only had that hundred dollar payment. So, you know, I had that extra money back in my budget every month. And so I could afford all that stuff on Amazon. And it's like repeated.
The Ramsey Show
Be Prepared: Math Doesn’t Care About Your Life Situations
$22,000. So I have $10,000 on that last credit card and then $12,000 on a personal loan.
The Ramsey Show
Be Prepared: Math Doesn’t Care About Your Life Situations
Me and Dara, back in November, have a new son, a baby boy. We have $87,000 in debt. I've been in debt since I was like 18 years old.
The Ramsey Show
Be Prepared: Math Doesn’t Care About Your Life Situations
I gave birth to him. I knew, I said, I cannot leave him with someone that I don't know. I don't care if we're eating rice and beans, Sean, I told him. There was no going back.
The Ramsey Show
Be Prepared: Math Doesn’t Care About Your Life Situations
Wake-up call. You know, open next 20 years. This is important. You know, we got to get this right.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Yeah. I have, uh, 940,000 in, in my savings, in my retirement, I have, um, Absolutely no debt. I own my current home. All my cars, everything. And I currently put 32% into savings right now. I wanted to know if I could knock that down to your recommended 15% and then take that extra money that I'm putting in extra in the savings to pursue the home. The home's going to be about $190,000.
The Ramsey Show
There’s No Fast Track to Financial Freedom
I've already cash flowed the property, the septic, the wells, all that kind of stuff. Cool. Now I've just got to get the actual home. Yeah, how long would it take?
The Ramsey Show
There’s No Fast Track to Financial Freedom
I'm estimating like seven years. Whoa. That's a long time, man. It is. How old are you? I have two little kids.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Man, I do everything I possibly can. I have a good salary. I make $115,000. I have two side jobs. I'm actually starting up a little tutoring service to help people in my career. I have books that I've written. I gain revenue on. So, I mean, I don't know what else I can do.
The Ramsey Show
There’s No Fast Track to Financial Freedom
It will be a vacation home for me and my family. It's about an hour and a half into the mountains. It's my dream since I've been five years old. My biggest, and I feel urgency here, I have two little kids and I really want to get it done sooner than later so that they get to enjoy it. And that's the whole point. I could wait seven years.
The Ramsey Show
There’s No Fast Track to Financial Freedom
My gut's telling me to do it now, but my brain's telling me, be smart, cash flow it all, but I'll have an 18-year-old at that point. And it's like, will it be worth it?
The Ramsey Show
There’s No Fast Track to Financial Freedom
We do travel a lot. This is our you know, the only thing that we actually splurge on is our, our traveling adventures. And, um, I mean, we, we do try to experience as much as we can. Um, Yeah, I mean, you're right. You're 100% right. I do not need this.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Great. Thank you for taking my call. Um, so what I'm curious, uh, to get your opinion on is a whole life insurance. I know that, uh, Ramsey solutions, um, is pretty adamantly against it and prefers term life. Um, But my question is, do you have an opinion or knowledge on using it for infinite banking, specifically for a business owner? A very brief backstory is I'm not a W-2 employee.
The Ramsey Show
There’s No Fast Track to Financial Freedom
I own my own business. My wife and I are living and giving like no one else. We are so thankful to Ramsey Solutions for helping us get there and just setting the example of how to live and give for the Lord. Interesting.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Yeah, and my business colleagues who I look up to are using the cash value in their whole life policy to continually borrow against to purchase real estate and grow their business. And I have never done that. We are a hard Dave Ramsey family. So this would be a new venture for me, but I'm curious if you guys have any knowledge on that.
The Ramsey Show
There’s No Fast Track to Financial Freedom
That is a great question and I'm unsure and that's why I'm here. Um, I think partially because I know what we are doing works, but if I could be doing something that is both giving my money, uh, interest monthly, um, and I'm able to use that same money essentially to buy real estate and I'm able to deduct the interest paid. Um, I guess I don't know.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Well, it's against cash instead of against my home. Equity.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Sure. Well, for the record, we're buying and owner financing homes for $30,000 and less. Believe it or not, they do exist. Is that your business? Yes. Okay.
The Ramsey Show
There’s No Fast Track to Financial Freedom
They are reasonably nice homes. Almost 100% cash. We have a couple $30,000 loans on properties on a five-year term. That's why I did it because it's five years and it's done.
The Ramsey Show
There’s No Fast Track to Financial Freedom
I'm looking to scale the business as debt-free as I can. This has taken me from an opportunity to set up my family to really setting up my kids for their future, all while providing people homes that they can own and have for their kids. I mean, everybody wins. It's just, do I want... Yeah. I struggle with taking out debt. I worked hard, and everything's paid off, and...
The Ramsey Show
There’s No Fast Track to Financial Freedom
Um, I just thought this could be a potential opportunity, I guess. And I've had multiple, multiple guys that are very, very successful, um, that use it.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Hey, guys. How are you? I'm starstruck right now. I listen to the show every day. Oh, wow.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Yeah, so I am a federal employee. I'm an attorney at one of the government agencies, and I am considering taking Trump's buyout offer, and I need some help on how to decide. I'm 26. I just got married in August of 2024. I make about $190,000 a year, and I'm debt-free. Okay. Me and my husband make $190,000 a year, and we're debt-free.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Yeah, so Trump is offering full pay and benefits through the 30th of September this year, but I'd have to stop working now. So the catch for me, oh, sorry, go ahead.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Yes, so I currently work two days in office and two days at home, and that's been able to be working for me right now because it's only two days, but I live about 100 miles from the office.
The Ramsey Show
There’s No Fast Track to Financial Freedom
About two and a half hours. And I've actually got an apartment in Silver Spring. So we're floating two rents.
The Ramsey Show
There’s No Fast Track to Financial Freedom
I do. And I do it because I really love my job. I can't really practice what I do anywhere else. I can practice it for the other side, but not for the government. So that's kind of my hesitation. I really love my job and I don't want to give it up. But my income as an attorney is a little bit more replaceable than my husband's.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Yeah. Right. One of us would have to quit. So we're weighing whether it's him and he would be without income right away or it's me. And I've got kind of seven months of runway.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Yeah, so I work in veterans administration benefits. And so it's only practiced in one court. It can be practiced nationwide, but I can only practice it for the veterans instead of the government if I take, you know, to buy out and try to find a new job. And then there's a question of I've never practiced that kind of law before. Will I like it? You know, they have a different set of skills.
The Ramsey Show
There’s No Fast Track to Financial Freedom
So he's in supply chain and logistics, which definitely can be practiced anywhere, but the federal government does most of the jobs in D.C., and there's a 90-day federal hiring freeze right now.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Um, he's so supportive and wonderful. He's kind of willing to do whatever, you know, we kind of think is best. I guess my hesitation is eventually I would like to maybe get to the point to hang, like you start my own practice. And so I would need, um, some rehearsal at a different firm.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Yeah. So it might be kind of a golden opportunity to get out of the lease that I'm in in D.C.
The Ramsey Show
There’s No Fast Track to Financial Freedom
It's a 60-day notice to get out of the lease. So a month-to-month, thankfully.
The Ramsey Show
There’s No Fast Track to Financial Freedom
I may only have assurances from the government.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Do you have kids? Yeah. No, we don't have kids. And kind of on the security front, we've actually been saving to buy a car in cash. So we've got our emergency fund plus the car cash fund. So I think together we've got about $40,000 cash tucked away, which kind of adds that extra layer of security to maybe go out and try something now.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Yeah. So after retirement and everything, we bring home like we see $7,600 a month. So, yeah, I think we could live on 85. That includes that's before funding our Roth IRAs as well.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Yeah, hi there. Thanks for taking my call. Big fan, first-time caller. I am 45 years old. I have about $690,000 in my 401k, and I owe about $460,000 to my house. I would like to consider paying off the mortgage, living life completely debt-free, and then reinvesting the monthly mortgage payment into mutual funds, stocks, IRAs, along those lines.
The Ramsey Show
There’s No Fast Track to Financial Freedom
I know the taxes and fees are significant, but so is living life debt-free without a mortgage payment. So I wanted to hear your thoughts.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Well, I think I'd just like to not have the mortgage payment there and be able to have the freedom to do more investing with the same money every month, essentially.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Uh, no, I've, I've, I've kind of run them a little bit. I ran it by my tax accountant. Um, she said it would cost me probably some of the neighborhood of about another 50 grand, maybe two. pay off the taxes and fees and penalties involved. So we'd have to take out probably some of the neighborhood of 500, maybe.
The Ramsey Show
There’s No Fast Track to Financial Freedom
I'll take homes about 11, and the mortgage payment's about three. Okay, that's reasonable.
The Ramsey Show
There’s No Fast Track to Financial Freedom
That's a good question. Yeah, maybe a few hundred.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Well, there's a lot of things in the budget, and I have four kids, a couple of them starting college fairly soon, so I'm doing some saving on that side of the thing.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Well, I've got one who's in now, and he's got probably three years left, and then I've got a 14-year-old who will probably start in four years, so we're probably nine or so years away from that.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Yep, just serving where we can as we can into more of a traditional savings.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Probably somewhere in the neighborhood of the three thousand, I would think.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Hey, guys. Thank you for taking my call. You bet. So I guess the quick of it is, About a year ago, I got an inheritance of about $350,000, and I fell in love with it, but I don't know if that's the best use for some of that money.
The Ramsey Show
There’s No Fast Track to Financial Freedom
I'm looking at the payments per month at about $3,000, and it's just a scary number to look at, and I'm not sure if that's the best place to put it right now or if I should keep it invested.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Well, that's the thing. I don't know if I should use the whole thing because it's all invested in mutual funds and ETFs right now. But I don't know if it's better to not have a mortgage payment. or if it's better to just put the 20% down and try to go just off of what I make.
The Ramsey Show
There’s No Fast Track to Financial Freedom
I've got $13,000 left on student loans and about $8,000 left on a car.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Yes, right now I've got about $35,000 saved up.
The Ramsey Show
There’s No Fast Track to Financial Freedom
So I moved back with my parents just to save some money. So I could stay here for, I mean, a couple more years, but it'd be nice to kind of be out on my own again.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Who left the inheritance? It was my uncle. He had passed away a few years ago and left it to myself and my sister.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Good afternoon. I'm looking to protect a home for my wife, and it requires a little bit of explanation. So if you could bear with me for just a moment. Sure. After a loss of a business and our home back in 2003, My father-in-law graciously acquired a home for us to live in with us making the payment amount to him as rent. But eventually, because of Parkinson's, I was forced to retire in 2019.
The Ramsey Show
There’s No Fast Track to Financial Freedom
And I had only worked about six years for an employer where money was set aside in a 401k. Prior to that, it was all self-employment. but along the way we managed to clear most debts, but we fell behind in rent to my father in law due to some smaller payments than agreed upon or at times no payment at all.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Um, in 2024 I pulled about half of the 401k out to catch up a little with my father in law and, He recently proposed that if we could arrange a second similar amount, he would be able to finish paying off the house and he would then relabel our arrangement as a rent to own agreement that was fulfilled and he would sign the house over to my wife.
The Ramsey Show
There’s No Fast Track to Financial Freedom
I took the second half of my 401k was only about $40,000 at that point after the COVID period and stuff. It took its toll and it was meager. And so I... I took the rest of a couple of weeks ago. I drained that last part of my 401k and gave that to him. I felt that was in exchange for a house. That was a good investment.
The Ramsey Show
There’s No Fast Track to Financial Freedom
No, that was what he asked for. Okay. i had taken out half in 2024 and he told me if i could give that same amount to him again one more time then he would consider things fulfilled and how old are you i am 61. okay so you gave him the money and he should have been able to pay off the mortgage and sign it over to you what happened instead well
The Ramsey Show
There’s No Fast Track to Financial Freedom
In addition to progression of my Parkinson's, I've had one kidney removed due to cancer, and my remaining kidney is failing, as is my liver. And I worry that I may find myself faced with a transplant procedure, or worse, that it won't happen until after my wife has to retire, and that our insurance will be limited to Medicare only at that point. Mm-hmm.
The Ramsey Show
There’s No Fast Track to Financial Freedom
So I'm a person who likes a plan B, C, and D. And before my father-in-law signs that house over, I'm concerned about how to protect it for my wife. I have nothing to leave her except to leave her debt-free and a little bit of life insurance.
The Ramsey Show
There’s No Fast Track to Financial Freedom
No, no. But what I'm worried about is that in... If this home is in her name only, which it will be, is I undergo future medical procedures.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Okay. So, um, my husband and I have been married for, um, almost a year and we just found out that we are pregnant. Very unexpected. Thank you. Um, so I kind of have a two part question. Um, my first question is what do we need to do financially, uh, to prepare for the baby in the next nine months? And also, Should I quit school in order to be able to work full time?
The Ramsey Show
There’s No Fast Track to Financial Freedom
I'm currently in grad school and I'm working in the evenings. I didn't take any loans. to do grad school. But I am, most of it is being paid for by my university. And then I only owe like a couple hundred dollars. I will owe only a couple hundred dollars at the end of the semester. So I'm just trying to get some advice on that.
The Ramsey Show
There’s No Fast Track to Financial Freedom
So my, I'm getting my master's in Bible and theology. I Up until this point, I've been thinking that I want to teach. I don't know if I'd want to teach like higher ed or like junior seniors in high school and just start teaching with kind of a higher paying salary. But I also don't know with the baby if I want to stay at home. So that's part of my contention with, you know, should I keep going if
The Ramsey Show
There’s No Fast Track to Financial Freedom
When the baby comes, I'm like, no, I really want to stay at home. So, yeah.
The Ramsey Show
There’s No Fast Track to Financial Freedom
So that's kind of been a rocky situation over the past couple of months. He left. His full-time job, he was the director of soccer operations for a local pro soccer team, and it was just a really bad situation. He was just being treated pretty rough and was not being compensated for it either. So he left in November.
The Ramsey Show
There’s No Fast Track to Financial Freedom
He started coaching at a local high school, just like a private Christian school, and they had told him... in his initial interview, like, since you're going to be a head coach, we want you to be on staff full-time. We just don't know what that will look like yet.
The Ramsey Show
There’s No Fast Track to Financial Freedom
So at the moment, well, ever since then, we've been getting kind of stipend money, but we've kind of been struggling because you've been waiting on the full-time thing to come. So what's your plan on it?
The Ramsey Show
There’s No Fast Track to Financial Freedom
Well, so he just actually got a job because he had –
The Ramsey Show
There’s No Fast Track to Financial Freedom
been looking for anything after probably a month it was kind of like okay we kind of we can't really sit around at this point so he'd been looking for anything um but there he wasn't having much luck so he just picked up a serving job just to like bring in some money okay um so we're kind of just like bare bones at the moment but on december we got a ton of money for christmas we had we are very blessed with our families they helped us a lot um
The Ramsey Show
There’s No Fast Track to Financial Freedom
And then for the next few months, we actually, with rent, are getting help from our church.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Well, I am working at night, so that... Yeah, but you just laid out the whole financial framework.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Food, rent, everything. Yeah, so our food is, I've been trying to stay under $700.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Yeah, so our, yeah, to me, like minimum, and I know what you're going to say, we have not been having insurance. I am adding that, though, because of the baby. So I kind of, in our budget, included an extra $200 because he also will need, he needs vision insurance really bad. So it's our, like, break even is about $4,300. Okay.
The Ramsey Show
There’s No Fast Track to Financial Freedom
So I bring in about two grand just serving at nights. I work five days a week. The restaurants only open five days a week. And then because of the stipend money we've been getting, it's really been about, like, Kind of $3,500 because he's been also subbing a little bit at the school just over the past couple months. Okay.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Not at the moment, but I'm visiting my family right now and my mom and I are working on that tonight because we know it is a necessity.
The Ramsey Show
There’s No Fast Track to Financial Freedom
So something's not right. I'm sorry. Yeah, no, I meant I didn't say that right. I meant probably like fifteen hundred.
The Ramsey Show
There’s No Fast Track to Financial Freedom
So our cards are, credit cards are about, Almost $14,000, a little under. His car, my car's paid off. His car is almost also $14,000. And then we have $85,000 in student loans, but we are on the safe plan. Okay. And since I went back to school, they put mine on pause, so I haven't been paying anything. But his payment is only like $25 a month. Right.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Hey, how's it going? Going good. Yeah, I have... I'm glad I got you to, I, uh, absolutely love the show. So thank you very much. Um, all right. So, um, I guess I'll just give you my background. I have a question about, should I pursue building a second home? Okay. Um, up in the mountains here in Colorado.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
So I had some legal issues with my ex-husband, and I had to take a personal loan. So if I get that payment freed up, that's almost $1,000 a month that I'm having to pay that would contribute significantly to growing my snowball.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
So pretty much all of my debt is related to the legal issues I had with my ex and then my house.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
That loan right now is about $8,500. Okay.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Yeah. So my student, my four student loans range from 5,500 to about 8,000. So they're, they're right in order. It's just, Yeah. It would come before the personal loan.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Yes. Three are subsidized or not subsidized. The smallest one is subsidized. So only one is not gaining interest. Okay. My employer is paying for my tuition now.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
About $135,000. While a full-time student?
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
I'm not a full-time student. I work full-time and I'm doing school online.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
They would, no, it's not. And they would use the warranty to do adjustments on the half that has.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
In student loans and personal loans. So literally it is all related to... What is it? So I've got the $85,000 I said, another personal loan for $14,000, Credit card for about $27,000. I owe my mom some money, and then my house.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Hi, this is Eric. How do you do?
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
I'm good. Thank you. Do you have any questions for me before I ask my question?
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Okay. Well, here's the story. I have two children. I have a son, 37, and a daughter, 27. Okay. And I have, you know, for a few years, I've had a dream of becoming wealthy and being able to afford to buy a home for my children. And that is starting to look like a reality, but I was thinking about it, like, is this something I really want to do?
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
And I realized that by giving them a home, I'm not really giving them anything. I'm taking away the that they would have of achieving this milestone on their own. So I... I mean, are you picking the home?
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
I was thinking I would help them pick a home, but I just... I don't think it's a good idea. I think they... It'd be more satisfaction if they could do it themselves.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
So... Well, I came up with the idea of putting an incentive plan together for them to start saving up for a down payment. Okay.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
I'm talking about buying individual homes for them.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Not that much right now, but I own two software companies that are both doing well.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
We'll have two cars left after the bankruptcy. One is $18,000, and one is about $43,000 left, and then just a student loan for about $3,000. And that will be all that's left after the bankruptcy.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Hey, yeah, I got a quick question for you. So me and my wife were trying to get out of debt as fast as we can. We've got a pretty big mortgage that we took out two years ago on the house. So it was $637,000 for the house. We put 20% down. So we're at $508,000. We've been paying that for two years. Our interest rates is $5.99. Payments are $3,446 a month.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
But I've been making additional payments on it because I don't want to be here forever. So right now, for a year and a half, we've been doing about $5,000 to $5,200 on it. And this is your only debt? Yeah. This is my only debt. I have credit card debt. I own all my houses. I own all my cars. I don't use credit cards. I only use them for like a debit card, basically.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
It's a credit card, but I pretend like it's a debit card. We just pay it off.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
So my thing is me and my wife, we're working on it real hard to pay it down. We're looking at we're on track to pay this off in 11 years. It's a 30-year loan, but if we keep paying the way we are, we should be done in 11 years. I've also been putting money aside, saving, because...
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
I believe that if you have a savings on the side, more feed doesn't show up in your life as long as you have a good savings on the side.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
So my thing is, so me and my wife have been doing that. We've been putting away. So in savings, I've got 95K, and I've got it in a high savings interest. It's at 3.7%, so we're making some off of it.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
But my thing is, I'm trying to decide, talking to my wife, is like, do... We've been kind of waiting and hoping that the interest rates would go down, but I don't think they're going to. We were thinking about taking a big lump sum right now from my savings and putting a big down payment to knock the loan down even more.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Or do I just stay the course that we're doing because we are knocking it down pretty quick?
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Yeah. We had, in 2019, I had a surgery that went bad and was out of work for about a year because I was quite dependent. And so we my I was paying rent on credit cards. I mean, I did everything using your credit card and all of the really expensive medical bills and therapies that I was having to do. So you said you did chapter 13, which would be the payment plan. Yeah. Yeah. So I did chapter 13.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
We were keeping up with the payment plan as best we could. But my son got diagnosed with autism. He's two and a half. And so his therapy costs are through the roof. And so we couldn't even keep up with the chapter 13 payment plan anymore. And so after about a year and a half, we've done a conversion into chapter seven.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
No, because we are worth so little that, like, even our, like, we fall under all of the exemptions. I have all the homestead exemption and the wildcard exemption, I think, or something in Texas. Like, nothing we own is worth that.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Yes. Yeah, I was behind on the student loans for quite a while, and I just made a payment this month and caught it back up.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Okay. Question. With the car, one of them, my parents bought it for me because I wrecked my car literally right after we had filed for Chapter 13. Which one? Was that the 18 or the 43? The 18. So I couldn't even get a new car if I wanted to. So my lovely parents said, let us do it for you. We'll pay cash. You pay us. So you're paying them right now?
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Hey, guys. Thanks for taking our call today.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Sure. So I want to know if I should sell my car or not. So I'm on baby step two and I'm doing the debt snowball right now. I'm working on a credit card. It's about 3000 and then paying the minimum payments on my car. And I'm not sure if I should sell it or not.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Yeah. So I owe about 11 K on it. And I did the Kelly blue book. It's between six and eight.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
My take-home is about $50,000, $41,000 a month.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Yeah, that's what I was battling with. I wasn't sure because I'd heard in other different segments to get rid of it and take the little bit of hit.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Are you throwing at least $1,000 toward these? Yeah, I put about $1,100 into my debt per month. Perfect.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Hey there. Um, I was just calling because, uh, about a month ago I finished baby step two and I am, I've been doing it for six years and I'm just like not feeling the excitement that I see other people doing it. I still feel like a gazelle by a lion.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
I, I don't, I, that's the thing is I, I just can't figure it out. You know, um, why'd you start this in the first place?
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
I had a business that got destroyed by a tornado, ripped the roof off my house, and blew both of my business buildings to the ground, and I ended up In severe debt. And I was about $120,000 in the hole. And I opened up my fridge and I had no food in there. And I had about $1.50 to my name. And I just fell on the ground crying. And I was like, I got to change something.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
So I got a second and third job and hustled my way to where I am now.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
To date, it's about $125,000, $126,000. Wow.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Yep. So I pay them $400 a month when I can.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Yeah, you know, I, you know, I know Dave normally says like, hey, go, you know, talk to a pastor or something like that. Unfortunately, my pastor has just left the church two months ago. I'm kind of, you know, I don't really have family relationships. I don't have any like mentorship.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Yeah, well, you know, everything in my life is going very well, but I just like don't feel good. the way I think I should be.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
About $17,000. It's not. We're not underwater too much.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Oh, I'm sorry. That's okay. Yep. We have 294 left of our principal, and if we put it on the market today, we would list it for $345.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Hey, so my dad and mom bought a house in 2019 that I'm currently living in with my five children, and I want to buy it from them. Okay. But there's a problem. but I don't know if I can necessarily afford it just with everything going on with economy and my personal finances. And I just, and I feel like right now it's a little bit of a,
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Like I need to, the timeline has been rushed because my mom passed away and my dad's going to get remarried soon. And so I just feel like my financial security with my kids is up in the air a little bit.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
I was living there alone. It's considered a second home.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Just because he just retired as well. And so I think that he wants to kind of gain more financial freedom from us. From you? Well, you know what I mean.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
It does. They bought the house for $510,000, and it was in the middle of my divorce, so we didn't want to put my name on it so it wasn't going to be tied at all to any of the proceedings. What's left on the mortgage? He I'm pretty well, he we agreed that I would buy it for the price. So it doesn't really matter.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Hey guys, thanks for having me on today. You're welcome. So I have, my husband and I are currently in the process of converting our Chapter 13 bankruptcy into a Chapter 7. And we just found out a couple weeks ago that our home has some pretty expensive foundation repairs that could be necessary that could cost around $25,000. And we don't want to go into any more debt for that.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
I guess that's the thing is I don't know. I don't know which route because we've never done this before. What would be the best for both of us going into this? Like, should I? But I don't think I would qualify by myself.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Yeah. But it's become my kid's home.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Yeah, and our hope was maybe if we sell it, and even if we get 10, 15 after closing costs, we put that into a high-yield savings, we rent for two years, build up a down payment, and then... you know, hopefully get into that debt-free, start immediately working on.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
No, because I'm not sure if I should try and get my own conventional. And I don't think I would even... I don't know if I would qualify or if there's some kind of a way for me to assume.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
What's your income? So gross from my job, I make about $80,000 a year. But then I have alimony for the next three years, and I'm graduating soon.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
with my doctorate and so i'm hoping to get a bump and increase in my circumstances but i mean it's not set down yet george has got the mortgage calculator pulled up let's just run some quick math and see are you debt free um i have about 11 000 in um in debt okay 11 000 in debt my cars are paid off what's the 11 000 Just credit cards. I have medical expenses. I have special needs kids.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
No, because it's been used.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Yeah, that would have to be it. And that's what makes me nervous. I just don't think I can do it. That's going to be $4,000 a month, which is going to be most of your take-home pay. Right, yeah, because I think my take-home is about... I'm trying to think because I have 401. I try to pay in as much as I can.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
I think he's... Yeah, I think he's willing. He's been pretty supportive up until now. I think it's just because my mom's death was very unexpected. I'm sorry. It just increased the timeline.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
We make annual combined about 153. So not bad at all. Like we bring in good monthly income. It just, it costs us so much. It feels like to live. So our mortgage right now is is three thousand one hundred a month.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Hi, how's it going, Jade and George? It's going good. Oh, very good, very good. Well, I just paid off, on November, I paid off $89,600 approximately, and it was my house.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Way to go. Thank you, thank you.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Right, yeah, yeah, like it's no big deal, but it really was a big deal in my life, absolutely.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
It took me, well, paying off the house, it took me about eight years. But when I started the Ramsey plan, it was about six and a half years.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Yeah, so I started following the baby steps in about July 2018. I heard about it in January. It took me about six months to ditch the credit cards. I thought I was winning with my 800 credit score, my credit card rewards. But from July 2018, it took me about six and a half years to pay off the house from when I got full gazelle intense on the day of plan, 100%.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
My range of income was about $50,000 to $80,000. Wow.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
I'm a middle school languages teacher.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Yes, absolutely. That's rare.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Yeah, absolutely. Well, number one, I bought a house that I could afford and also just worked extra jobs and came home from school and just ready to game on. I was just ready to get the house paid off. I was really, really happy about getting it done.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
For me, I was already a little bit weird. I already knew before I'd ever heard of Dave that I really wanted to get the house paid off, but once I heard about Dave and I really had the baby steps and I really started following them 100%, it was just game on and I was just ready to do it. It really became an obsession, honestly.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
We've been looking at places, because I told my husband, if we're moving and renting, I want to have as little as possible. So we're looking at places that are max $2,400. Okay, good. But we do have... to a two-year-old, a one-year-old, and one on the way that's coming in August.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Yeah, I kind of I called the show back in 2018. And that's when I really started getting full game. And Dave told me, he said, it's just going to be a short amount of time where you have to, you know, you have to pause retirement, that kind of stuff here. Dave told me, I think you'll get paid off in five years. Well, it took me just over six from that point. So I'm sure he's not too disappointed.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Oh, yeah, absolutely. What were the side gigs you had? Oh, I had a lot. I worked for the U.S. Census. I worked for Subway for a while. I worked as an interpreter. I interpreted Spanish over the phone. So, yeah, a lot of side gigs. And I'm also in the Air Force National Guard and everything. Yeah. That's incredible. Thank you.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
were cheering me on, thought it was great. So I got a lot of encouragement from friends, family, and just people that I'd met who found out about the journey.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
What's your next financial goal now that you've hit baby step seven? Oh, it's awesome. My next financial goal, well, number one, I've kind of been putting off some of the repairs on the house. I got to get that, saving up a little bit for that, eventually get another car. But what I would love to do is go over to France and just learn French for a while. Yeah. Save up for that. Yeah.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Yeah, it really feels great. It feels like a big load off my shoulders. I don't have to work these extra jobs anymore. So it feels kind of nice to come home from work and not have to work anymore. So it's been wonderful. It's been a great, great journey. Really glad it's over and really excited for the future. What's the home worth? The home is worth just about $200,000. Nice.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
What do you have in the nest egg?
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Wow. That sounds about right. It's, it's, it's kind of crazy when you say that out loud, but yeah, that does sound, that does sound right.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Yeah, a little bit, a little bit. I would say probably definitely realistically within the next five, 10 years, it's, it's probably going to happen. Oh yeah.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
I say it's definitely possible. Like, like I said before, you gotta buy an affordable home. So this might not be a nice house. A lot of people want to upgrade their houses. A lot of people want to take a, you know, take a heat lock out to, to get things, get things upgraded.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Just if you're laser focused and really willing to work extra jobs and really worrying, really willing to, to stay focused on, on that goal. It is, it is definitely, definitely possible. Wow. You know, if you live by what you guys teach them, you mentioned it before. Twenty five percent of your take home pay.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
If you start with that and you work very hard and you put all the extra income you can on the principle of the balance, it'll get paid off in no time. And that's exactly what I did.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Three, two, one. I'm debt free.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Hi, thanks so much for taking my call. So my question is, should I start increasing my investment contributions as the stock market drops to capitalize off of some of these lower prices and costs right now?
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Like five, six, and seven. I don't have any debt. I do more than the 15% now, and I'm just trying to save up to buy a house in addition to my retirement. So you haven't bought a house yet. Correct.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
It's over 15% because I do. So it's probably 18 to 20%.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
I am saving up for that. I mean, I want to pay full cash right now. I have about $12,000 for a down payment, but I'm looking eventually, you know, for... six years from now to pay full cash for all.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Good. So my husband and I, we finally took financial peace this spring. We are almost out of debt, and we have reached a three-month fully funded emergency fund when my motor needed to be replaced. We were able to pay in cash to get a motor to put into our 15-year-old vehicle, and a few weeks later, the car started acting up again.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
The shop told us that the transmission is going out, but it can wait a little bit longer, and we don't have the cash right now to cover all of it, so we decided to wait. Yesterday, the same car started smoking. We don't know the source of this yet or what it might cost to fix it. Currently, our savings is down to about a one-month emergency savings because of the motor.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
We have three children, and we are expecting our fourth to arrive in about three weeks.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Yes. Our 15-year-old car has 175,000 miles on it. And it will cost a minimum of $5,000 to fix. That's just the cost of the transmission. We don't know about what the new thing is. We have found a decent replacement car, but the price tag is $15,000 before interest and all the fees. But this car only has 85,000 miles on it.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Our concern is that since this is the only family car we have, should we go into debt fixing a 15-year-old car, or should we go into debt by getting a used car?
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Yes, our monthly income is $9,000. Okay.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
Right. I think my husband is very concerned about us even being in the car before it being fixed.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
So we don't have a mortgage right now. We have a rental cost right now, which is only $1,200.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
So we're wondering if we should sell our home and rent in the meantime in order to kind of restart our lives back after this bankruptcy.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
It's one, but half of the house has already had foundation repairs. So that half is already warrantied. So it's kind of a weird situation where we feel like we need to use that company in order to use the warranty on the half that has been done.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
No, it has. Texas Foundation is weird. Half of the foundation only needed it at one point, so they only did the repairs back a long time ago. And now the other half has kind of shifted and needs about the same repairs.
The Ramsey Show
Stop Messing Around & Follow the Plan That’s Proven To Work
So I want to do my snowball out of order. And I have a reason. So I am a full-time working adult student. I have paid off several debts till now. My next four debts are student loans. Because I'm still a student, I don't have a payment due on them. So I wanted to jump to my if debt that would make it so that I can free up a payment and do my snowball, grow my snowball faster.
The Ramsey Show
It’s Never Too Late to Clean Up a Financial Mess
So I'm kind of lost financially. I'm not really too sure what to do. I'm in a good spot, but I'd like to see if y'all are in my shoes. How would you, what would you do in the future coming up? All right, lay it out. So me and my wife previously had a home. Then we, we actually just moved back in with my dad. He, um, he's not far just anything. He just wants us to save money.
The Ramsey Show
It’s Never Too Late to Clean Up a Financial Mess
I currently have 14,000 in my bank account. Um, we got a little surprised when we moved in and my wife is now six months pregnant. So yeah, I don't really know if I should just keep saving and then buy a home or if some people were telling me to buy a trailer, some people are telling me to buy a home. I'm not really too sure.
The Ramsey Show
It’s Never Too Late to Clean Up a Financial Mess
All I'm doing is just putting money in my checking account and I don't really know what direction to go.
The Ramsey Show
It’s Never Too Late to Clean Up a Financial Mess
I don't have any. I actually just paid all mine off.
The Ramsey Show
It’s Never Too Late to Clean Up a Financial Mess
Well, right now, the only thing we really have is my wife got a new car about six months ago. Is there a payment on it?
The Ramsey Show
It’s Never Too Late to Clean Up a Financial Mess
yeah it's about henry that's debt homie we got to start off this relationship with honesty i asked if you were debt free well i'm thinking of me she put it in her name she did all about herself no y'all are y'all any money she owes you oh was this against your will or were you an accomplice in the crime um well see i work a lot like i'm i get work on call so i was one of those on call working in
The Ramsey Show
It’s Never Too Late to Clean Up a Financial Mess
So I make $21.50. She makes $19 an hour.
The Ramsey Show
It’s Never Too Late to Clean Up a Financial Mess
Well, she told me she was looking at them, and then, I mean...
The Ramsey Show
It’s Never Too Late to Clean Up a Financial Mess
And that's the thing I'm worried about. So every week I've been doing a lot of overtime. So I've been slowly building up, buying diapers, buying things to be prepared. It's just. Yeah, don't do any of that.
The Ramsey Show
It’s Never Too Late to Clean Up a Financial Mess
Yeah, I can definitely do that. I guess my next question would be how would we get out of it? Because, I mean, it's 15% APR, 740 a month. Holy smokes, bro. What's left on the loan? I'm sorry?
The Ramsey Show
It’s Never Too Late to Clean Up a Financial Mess
The principal is $32,936. So did she put nothing down? We put $4,000 down.
The Ramsey Show
It’s Never Too Late to Clean Up a Financial Mess
Yeah, when we were looking at it just to sell it, I mean, I'm probably paying about $4,000 or $5,000 just to get rid of it now. Do it.
The Ramsey Show
It’s Never Too Late to Clean Up a Financial Mess
I have a spare vehicle, but it actually broke down, but I don't have another vehicle. So you guys are a one-car family. Yeah. I have a company vehicle, so I don't have to drive a personal vehicle to get to work.
The Ramsey Show
It’s Never Too Late to Clean Up a Financial Mess
With insurance, it's almost $1,000 a month.
The Ramsey Show
It’s Never Too Late to Clean Up a Financial Mess
That is a lot. I almost had a stroke when I saw it. Yeah.
The Ramsey Show
It’s Never Too Late to Clean Up a Financial Mess
Yeah, now she's trying to figure out what we can do. Because now she's on the same page because before I wanted to just buy a cheap beater. Yes, absolutely. So that's all I've ever done.
The Ramsey Show
It’s Never Too Late to Clean Up a Financial Mess
Hey friends, the first episode of 90 Day Money Makeover is available right now. This new series follows real people as they take on the challenge of transforming their finances and their lives in just 90 days. Watch as they navigate the highs and lows of this journey and as I walk alongside of them every step of the way. Okay, now here's a little sneak peek of what the new episode is all about.
The Ramsey Show
It’s Never Too Late to Clean Up a Financial Mess
She's got a lot going on. We've got to simplify it. She's got the farm, the divorce, the debt. We're just praying the money's there, I guess.
The Ramsey Show
It’s Never Too Late to Clean Up a Financial Mess
Are you ready to commit to it? Are you going to do it? I need help.
The Ramsey Show
It’s Never Too Late to Clean Up a Financial Mess
My gosh, it's good to see you. Do I want to pet a chicken? No. I see you doing a lot that wasn't even part of the homework, and we're only at the 30-day point. I want to be on day.
The Ramsey Show
It’s Never Too Late to Clean Up a Financial Mess
There's no guarantee that the bank would let her keep the house. I want you to start dreaming what another living situation might look like if it doesn't go your way.
The Ramsey Show
It’s Never Too Late to Clean Up a Financial Mess
Very few people are sitting on one variable that could change everything.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
So I still don't get a new car. Don't try to have it roll over.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
He makes like two fifty and up.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
I mean, if he owns his own practice, then yeah, it would go up significantly. But then we're taking on more debt. Right.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Yeah. So it just depends, I guess.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
So I'm still working, actually.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
I just... i would like to stay home but i am still working um i make around 115 115 okay um is there any other debt besides the 350 in school debt to talk about no really that's it any other no cars like um no i mean we have like a little bit left on the car but like i mean we could really pay it down like today i guess how much is a little bit Like less than $10,000.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Hi, guys. Can you hear me okay?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Awesome. It's such an honor to get to speak with you guys. I'm kind of new to the Baby Steps. I became debt-free about two years ago. Congratulations. Thank you. Yeah, my network is currently at... But my problem is I really want to go back to school to get my master's.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
And I'm not sure if I should continue maxing out my retirement accounts each year or if I should just start saving now and not max out my retirement accounts but use all of my savings as much as I can to front as much of my school costs as possible.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Yeah, so my prerequisites are going to be around $13,000, and then the program will be around $29,000, and then plus living costs.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
I want to get it in nutrition.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Um, I want to work as a registered dietitian. Um, I'm not sure like the specific job that I want. I know what the entry level costs or the entry level pay is for these jobs. Um, but I am interested in like any aspect of the field, whether it's like consultation, research, private practice or anything like that. Um, the range is around like starting out 80 to 90,000. Okay.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
It is a requirement in order to hold the dietitian license.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Currently in my high yield savings, I have $17,000. Okay.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Like, do you mean, can I do it while still maxing out my retirement accounts?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
If I wanted to not take out any student loans whatsoever, I wouldn't be able to invest an account.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
um we have like 50 000 in an emergency fund okay um and then we're also we're renting right now so we're trying to save up for a house i just feel like we're doing like maybe too much at once but we're like yeah is the 50 000 with is the 50 000 saving for the house too or is that quote unquote just the emergency fund yeah that's just the emergency fund how much is how much is for the house
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Hello, thanks for having me. I'm calling to get your advice on whether or not I should cancel an upcoming family vacation based on some issues that I've been having. I was laid off right before Thanksgiving and just trying to figure out what the right responsible thing to do.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
We have maybe like between 15 and 20 towards the house. Towards the house, okay.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Sure. So I was calling to see and get your advice on whether I should cancel an upcoming vacation or if I should keep it based on my circumstances.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Yeah. So I have to cancel the next couple of weeks or we don't get our money back. But I was laid off right before Thanksgiving and I'm still trying to find a job. We're just trying to figure out what the responsible thing to do is.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
So the trip is about $3,500 and we'd probably lose about $2,500.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
We are net worth millionaires. We have cash. It's just... Tell us your cash situation. We've got close to $200,000 in cash. Like in a high-yield savings? Yes.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
So I was doing marketing for a tech company and I have been interviewing. I was actually offered a role a couple of weeks ago, thrilled about it. And then I got found out last week that they eliminated the role. Oh, shoot. So I'm back to square one. Oh, man.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Sorry, I have the number right here. I mean, with everything? Mm-hmm. I feel like we're, like, with savings and everything, we're, like, right on what we bring in a month because we do try to put, like, money towards savings.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
I'm networking. I'm doing all the things, but it's just taking it taking a while. Crazy out there.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
So far, we've been able to. We have two little kids in daycare. We're cutting out everything we can. We'll start eating into it, I'd say, in the next couple of months. OK, but so far we've been able to.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
I guess, yeah, I guess between, like, $5,000 and $6,000. Okay.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
We both put 6% into our 401k. That's matched by our company.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Hi, how you doing? We're doing good. So I need help. I went from zero debt in January 23 to $54,000 in April 24. I was trapped in this abusive relationship that I was hospitalized and arrested for fighting back, but I'm out of that now. Oh my gosh, Patricia. Yeah. I'm so sorry. I was in survival... Thank you. I was in survival mode, so I signed up for a debt relief company and I trusted them.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
But now that I'm able to take a look at what's going on, I see that they're taking all their fees up front. They're barely paying my creditors and I have to respond to my second lawsuit by next week. Oh my gosh. I've also found expired docusigns that I never saw they would expire really quickly. And so I don't know what they've negotiated. I know they've negotiated about 36,000 of it.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
And there's still, um, The rest of it's outstanding. And I did pay off my first lawsuit privately.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Well, there were like 12 or 13 cards altogether. So they've settled with some of them, but the ones that they just wanted to accept waiting in line.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
they're the ones suing me. Yeah. So I, like I said, I paid off one and yeah.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
I have given them $7,000 over $7,000 and 4,000 of that has gone to their fees. Only 3,000 has gone to my creditors. And I did find that when they settle, what's considered settling is when they negotiate a settlement and make the first payment, then they're eligible to take all their fees, which is, Twenty five percent of my enrolled debt.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Well, the contract, they say I can end any time, so that's why I figure they're padding their fees up front in case I do decide to end.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
But the one that I want to settle right now, because I do have some money to settle the second lawsuit, but I tried to call them directly and they won't talk to me because of the power of attorney. So the company won't call me back either. And so when I called them this morning, they said, there's no update except we got the power of attorney. And I'm like, no, stop.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
I don't want them to settle with them.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
OK. But yeah, they said they want to talk to me. And so do you think I have time before? Because I have to respond to the summons by next Tuesday. Do you think I would have much?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
So the ones that suing me, they want like forty five hundred. But I enrolled thirty eight hundred with the with them in April. Well, I did just pay off one lawsuit, and they were wanting $3,800, and I settled that.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Well, I have to reply to the summons by next week because if I don't reply to the summons, then they'll make a judgment against me.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
I have to go to the courthouse and file a response. It costs $250. That's what I did the first time.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Right. Um, So how would I go about revoking the power of attorney? Do I need to get a lawyer to do that or can I do it myself?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Hi, I am going to college next year, and I just had a question about which college I should go to. My state school I would have to pay for, and it would be about two years to go. But I got an opportunity to go to a very prestigious school that would be a full ride, but it would be four years. And I was just wondering, is time more valuable than money?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
My first option, which is like my state school, I would have to pay out of pocket. You would pay out of pocket. Yeah. And right now I just don't have stuff in savings, but it would be, I'd have to work very hard and it would drain my savings account pretty much. Okay.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
The four-year school is Notre Dame. Wow.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
My degree, that's another thing is my degree is going to be in educational administration. So I would like to teach in foreign countries is like the entire idea.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
And Notre Dame has a program for that.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
it's two extra years and from my house it is almost 14 hours away and i would be paying in travel expenses as well because my parents will not pay for that and they don't really want me to go to notre dame so i'm kind of where where is notre dame i should know this but i don't where is it um it's do you know where chicago is it's about two hours from chicago okay okay area so it's quite a drive and i'd have to fly there because they do not allow cars for freshmen
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
They would help pay for the state school. They do not want me to go into the degree that I'm going in. So it's not so much, I'm afraid it's not so much a gift as it is a loan. And so I really want to pay it by myself.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Which is why I'm very hesitant.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
It doesn't make sense. they say it's teaching and it doesn't make any money. So they're a little hesitant.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
The scholarship that I'm getting for the region that I'm in, I have a benefactory that reached out to me and my school and wanted to pay for it because Notre Dame is Catholic and then I came from a private Catholic school.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
But yeah, it's around academics as well.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
For my state school as well, I have $10,000 in scholarships for that to help me with it. And then they did give me a $20,000 scholarship as well for my state school. But it will still come out of my pocket.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Yeah, so the $20,000 would be if I went through their four-year program. So I'm trying to get them to give me the full $20,000, but they don't want to do that. But I'm still looking at $23,000 that I'd have to pay.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
What's going on in your world? Not much. I was just curious to see, I have, um, and probably like five years or so I'm thinking about buying a house. I'm just kind of just curious to see about manual underwriting. I know, I think I know mostly about what I know about it. And, um, I just curious to see what companies you'd suggest to go through to do that.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
And I know it's kind of rare to find, I guess is what I've heard anyways, but just to kind of see what you guys think. How old are you?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Yeah, absolutely.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Okay, perfect. Thank you. So would it be smart to make an account with that said bank or mortgage company so that I can, like, whatever, if I'm able to throw money into that account, I can start a relationship with them? Is that kind of a smart way to do it, or do you guys suggest anything other than that? I just want to be set up for when the time comes to be ready to do it.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
I feel like I can't not work until... Like we're in a home, like our own home and not renting.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Yeah, my question today is about my husband and I's situation if we're ready to buy the house that we're currently living in. And we have the opportunity to do that on a contract for deed, actually.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Where are they going to go? It's not my parents' home. My parents own the home.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
It was actually my grandmother's home.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
So we've actually been living in the home since she passed away for the past six years. Um, we, my husband and I wanted to get married before we would move in together and then also consider purchasing the home. Um, So now we're kind of in this spot where we've been here a long time and we've been paying rent and we just want to know in our financial situation, is this a good time?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
And maybe part of it is we're just a little scared to make the jump.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Around $400,000, which is the other scary part. Okay.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Well, there may be a little bit of a deal in there, but I would say probably maybe no lower than like $380,000. Okay.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
So the, we've been working really hard on getting everything paid off. We actually just paid off one of our vehicles for a while. Thank you. Which was really motivating. Um, so we do have one other vehicle to pay off that we still have $20,000 on. Okay. How much do you guys make a year?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Any savings? Well, we have money saved about $15,000 in a CD. Okay. And then we've been keeping like a little bit of an extra savings for us with the kids. But the rest we've really tried to put towards our debt.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
So... We could put a down payment of $20,000. How? Where is that coming from? That we had set aside to put that from. So you have an extra $20,000? Yes.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Hi, I just had a question. I am 47 and I was wondering how to get caught up on retirement with $47,000 worth of debt.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
I own a cleaning business. It's just my husband and myself that do the cleaning. And we make about $6,685 a month as after tax. Okay.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Um, I was looking at it. It's mostly like back taxes and we have three credit cards.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
I owe, let's see, about $25,000, one to our local DOR, Department of Revenue, and then $15,000 on IRS. Okay. And then we have two SBA loans that adds up to about $13,000. Okay. Okay.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Well, we do mostly commercial jobs, and that's the majority of our income is what we make. We have a few residentials. We could probably add on, but residentials, probably a week, we probably make about $600 a week. Okay. Okay.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
I think I've got about $2,000. Okay. Do you have any cash available? Just $1,000 that we save for emergency fund. Yeah. Okay. That's great. But we do have a big job coming up that's going to give us about $30,000 from the job. Good. Do you think I should just use all that towards the debt or should I put some of that in retirement?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Yeah, the whole tax thing was like a big not have knowledge in when we first started.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Well, yeah.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Hi, thanks for taking my call. I'm mainly calling because my husband and I feel like we make pretty good money, especially for where we live. And we're in a lot of debt, mostly from him going to dental school. And I would love to be a stay-at-home mom. We had to be over the summer. I would just love to not have to work and just be home with her all day.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
So I'm in a bit of a pickle. I'm having trouble trying to find out what's the best financial decision. I made the mistake of putting my sister's car in my name. She needed help. I tried to co-sign for her. The dealership denied her and they only approved me. She promised me if I put the car in my name that she would make all future payments. Long story short, we got into a dispute.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
She refused to refinance. She went and bought herself a new car and left me with a $22,000 loan debt. Oh, no, Jasmine.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
oh my gosh okay man she thinks it's very funny um i i already have a debt on my car which i owe six thousand dollars on i'm currently pregnant with my third child oh my question is is should i sell both cars and just finance a new car or should i just sell her car and just pay the difference which would be eight thousand dollars it's upside down eight thousand
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
So the market price for her car, she has a 2020 Toyota Corolla. The market price for her car is $14,000. And because I owe $22,000, once I sell it, I would have to pay $8,000.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
I started with this car at 15. I took out a six-year loan. So I owe $6,000 on this car. Teddy Blue Book put it for $7,000. I had a dealer call me and say, hey, give me $8,000 for it. So that's a plus. But I would still have to pay rollover, you know, her car if I get a new car. So either way, I wouldn't be before both situations.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
But I just don't feel like that's the right decision financially until we get out of debt. So I guess I'm just calling to see If that's even feasible for me to do or kind of your thoughts on that.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
So I make $47,000 a year. Um, very little money. It's not that much. I am currently renting. So my rent is only 15. Um, I have $10,000 in credit card debt already. And, uh, she put $418 of easy pass tickets in my name that I also have to pay for.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
No, I can't dispute it because she was driving the car and the police is in my name.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
I'm just learning this about her. Nobody in my family would help her. And I felt really bad for her because she's in a bad situation. And financially, during that time, I didn't have any debt. And all I had was my car. So I said, hey, I don't mind helping you as long as you pay. But now I'm stuck with this debt.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
My car payment is $336 a month and hers was $500 a month.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
In her text message, it's not her problem. It's my problem.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Like around three hundred and fifty thousand.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
So I would end up being paying $500 a month on top of my car note.