Dustin

I know. I know now. I just I thought it was very interesting at the time. That's all.

Brooke, you're so right. Again, I'm just such an idiot.

Maybe this could be like a mistake that was meant to be.

I think after this, I'm not going to use the dating apps for a while. Hey!

Thank you.

From the producers who brought you Princess of South Beach comes a new podcast, The Setup. The Setup follows a lonely museum curator, but when the perfect man walks into his life... Well, I guess I'm saying I like you.

He actually is too good to be true.

This is a con. I'm conning you to get the Delano painting. We can do this together.

Listen to The Setup on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

Hey, how's it going, guys?

Yeah, totally. Let's go, man. I mean, I don't have that much time left. I'm not going to sit there and text all day.

Here's my new rule now when I talk to people. It's like, if I don't meet up with them right away, it pretty much just kind of fizzles out.

Yeah, I think like 48 to 72 hours, we should at least have like some kind of plan to hang out. But like if that plan's not established, then it's probably never going to work out.

Well, I don't know. I ended up just getting her number and then I pretty much like kind of took the conversation elsewhere off the app and then just started texting from there.

She's really, really funny. So she pretty much was just saying like, hey, long time no chat.

Yeah, we went out for pizza. I love pizza.

Oh, you want to know the crazy part about that?

Let's start with the crazy part first. Okay, start there. She looked really different from the photos that were on the profile.

Not like a catfish. I mean, she was still, like, super cute, like, for sure.

But, like, different, different. Like, different. Okay.

No, nothing like that, but that would have been, like, totally cool.

It was just different than what I expected, but could this be my perspective? A lot of the photos she had, she was wearing sunglasses, so it could be misjudged through that.

Everything was normal about the date, but then there was like this one part that was really weird. Oh, okay. Going back to crazy again. It wasn't like super crazy, but it was just like one of those another different things than I thought.

Well, on her profile, like she talks about like Pilates and a bunch of like Pilates stuff is on her profile, right? Okay. Yeah. So I thought that was kind of cool about her. But every time I would talk to her about Pilates, I swear she would just kept redirecting the conversation into something else.

I don't understand because we both had such a great time. She said she had a great time. I had a great time.

Thanks a lot, Brooke. I really do appreciate that about you.

I mean, yeah, possibly. I mean, I don't know. As long as you guys get me another date.

Hi.

I'm such an idiot. I'm such an idiot.

As you guys were talking about it, I was looking through my phone and I saw all the different Jessica Bumbles.

I mean, I'm embarrassed though. I mean, I'm so sorry.

Hey, thank you. So my wife and I, we're in our mid-30s and we are so close to baby step seven, we can feel it. But we have one small hurdle that we got to jump over to get there and differing opinions kind of on how to resolve it and hoping to get some advice and maybe you guys can break a tie for us.

All right. So we've knocked out all of our debt using the baby steps. We paid off about $350,000 worth over about two and a half years. Wow. $350,000 you guys paid off? Yeah, well, not all paid off. We sold stuff. I mean, we had everything under the sun.

Automobiles and campers, and I don't even like camping. So all we have left now is our primary home, and we do have a vacation home. And what we want to do is sell our primary home and move into the vacation home, which we like better anyways. And basically the net proceeds from selling our main house will pay off our vacation home, which will become our primary residence.

Great. Yeah. So we're ready to go. The problem is I bought the vacation home prior to our marriage and I unfortunately bought it from a friend. He's carrying the note. And when I kind of brought up to him, you know, excited that, hey, I'm going to have a big, big check for you.

he kind of pushed back and, you know, he's kind of saying he wants to spread his capital gains tax over the 10 year note that we'd agreed upon at the 4% interest rate and kind of just, you know, park his money in that investment. So my question is, how do I how do I do this? I don't want to burn a friendship.

My wife wants me to just slap a check on his desk, but she doesn't have to play golf with him on Saturday morning. So I'm not really sure how to approach this conversation without, you know.

No, we did it all legit. We went through a title and escrow company, and we drafted up a purchase agreement. And basically, it's just a loan from him, basically. You know, I did a 20% down payment with him, and I do pay him, you know, basically as the bank. But I am on the title, the deed, all that stuff.

Yes. Correct. And I wish I didn't do this because now I'm in this situation. But, yeah, basically when I brought up to him that, you know, you know, I own about five hundred thousand and, you know, I have the ability. Well, we'll once we sell this primary home to pay him off. But he just doesn't sound very excited about it.

He wants to just go per the terms of our agreement, pay it off over 10 years so he can, you know, expense that capital gains over the 10 years rather than.

Well, he said that was for, yeah, so, well, it does, because he has to pay tax on the interest portion of it, I think, and then, you know, on the principal, he's, you know, it's capital gains rate, I believe, because it was paid off, you know, for him.

Yes, so to answer your question, yes, he said he talked to his CPA, and basically, if I pay it off, he will have to pay capital gains on the proceeds, yes.

And that's the issue. There's not. I've read over it a hundred times and it's like legally and all that. I can, you know, go pay it off.

No, yeah, he's going to make a lot of money off of it. You know, he bought it 25 years ago, so he's going to make quite a bit. I guess my worry is that I'm either going to upset my wife or my friend, right? Because it's like... Or your life, Justin.

And so I guess that's going to be a hard conversation I need to have with him and say, listen, this is our goal.

Like you're not paying you the debt back.

He's a little older and that was part of it too. If he's like, well, you know, and he gave me a great interest rate at 4%. He's like, well, you know, I can kind of guarantee to make my 4% of that money where any, like I say, he's a little older in reality. He can just go park that in a high yield and make that. That was kind of the point I was trying to bring up to him.

And he, he just, he'll, he just didn't seem jazzed about it. And it, it put me in a weird situation where I'm like, man, I don't want to like burn a friendship with a guy that I, you know, I've had a long friendship with, but at the same time, you're not matching up with the goal.

Yeah, that would be weird. I don't think that would happen. It's just, I guess I'm, you know, I hate to even say this. I guess I'm kind of just being a sissy about having the conversation because of the vibe I got when I brought it up, you know, a couple times over.

And I even told, you know, my thought was just, let's just park our money that we make from the primary home in a high yield and just pay him off. And then I kind of, you know, we're, quote-unquote, we feel debt-free-ish because the money's there.

But my wife says, you know, she's so excited because we did so good on the first, you know, six steps, call it, that she's ready to just finish, quote-unquote, finish the journey and be done.

Okay. Okay.

Hello, Ramsey team. The question is, would it be irresponsible to move from another state for a job that pays half as much? Tell us more. Yep. So currently I'm 37, married to three kids. We live in Toledo, Ohio. We get some pretty long dragged out cold weather and gray weather up here. We love Florida. We've been traveling there for quite a few years. We go there three times a year.

And every time we drive home, we ask ourselves, why don't we live in here? So we're currently on baby step four, five, and six. Okay. For career, I'm a full-time firefighter. I'm currently eight years into a 25-year pension.

My base pay is $95,000. With overtime, I can make up to $110,000. Okay. My wife works part-time. She makes about $12,000 to $15,000 at this time.

Yep. So unfortunately, there's a pretty big difference in pay between the two states. Right now, it looks like I'd be getting hired in around $60,000 to $65,000. None of my pension would transfer over. So my, the good news is I can get my cert, my certifications for a fire and my paramedic to transfer.

Um, so it would just be a process to get there, but then I pretty much would be starting over, um, into a new career field and down the state. What part of Florida is this? Um, so we've looked all over, we've kind of landed on, um, it's called St. John's County. So like St. Augustine area, a little south of Jacksonville.

And there is some, there are some places that pay a little bit more, um, than the cost of living a lot, lot higher for those areas.

Um, so she works in a, uh, in an eye doctor's office. Um, she's looking at if she can get any certification that would help for that area. It looks like she could get a job and she would move into full-time at that point because we're forecasting this out to be about 24 months from now. So she would pick up the full-time, which would bring her up to about between 30 and 40.

So it definitely would still be a pay cut overall.

Yeah, so we own our home. We owe $85,000 currently on it and it should bring about $300,000.

It would be about the same value. We've been watching the market very closely for the last year, and they're trending in the right direction for that area. But I would say $350 would be our max, but hopefully more in that $280 to $300 range would be where we'd be.

Yep. We've, uh, we've ran all the numbers of whether of what it would do with retirement and kind of forecasting out. Um, originally right now with the 25 year pension, um, the plan was to retire at 55, uh, maybe stay for a bunch of years and then relocate down at that time. Um, that would put our kids in the early thirties and mid twenties, um,

I understand. If we move forward with it, I think that we would try to go into a stork mode. I know cash would be the biggest advantage, it seems, when we make the move. Currently, right now, we save our 15% and we're putting a bunch extra on the house.