Rachel Cruze
Appearances
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
It was like raising Rachel.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
It's going to be...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Fantastic. And while we learn about Dave, we're sipping on a great cocktail. What are you sipping on, George?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Quality over quantity.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
That's where we're opposite. That's great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Oh, man. You're missing out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Okay, are there any large purchases that you've ever regretted?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Well, soon then, in the last like five years. Was there something really expensive?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
That you really bought that you were like, eh, I shouldn't do it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Brings out the signature drinks for you, Dave. Exactly. We don't always get that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Sometimes we get cocktails with milk in it. Disgusting. So we didn't do that for you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
And it's probably pretty gaudy, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
You did.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
We need this watch.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Yeah, yeah. This was good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Yeah, you have a sauna too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
All right, let's do, we got a few minutes, George. Let's go lightning round.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Let's get a few more in there before we close this out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
All right, so we are going to lean into some of that, like, fangirl energy is what they call it out there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Are we going Sonic? Are we going Taco Bell? Are we going Shalotsky's? Filet-O-Fish, perhaps?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
You should try a Wendy's spicy chicken sandwich.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Mozzarella sticks from Sonic.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Cheese curds from Culver's.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
All right, real quick. Most influential person that you've met that you were a little bit starstruck.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Okay, but who's, like, one person that you— I'm trying to think. Just someone that you met that you're like, that was crazy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Yeah, so it's going to be great. There's some family questions in there. There's some purchasing questions. Dave likes to spend. That's actually a misnomer. People really do think... You're still rice and beans. If you're an average, you know, if you're like a Ramsey person... then you have to drive a crappy car the rest of your life, and you always have to have coupons.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
That's a good one, though. I mean, for any sitting former president, to me, that's a bucket list for me. I would love to meet a president. Not just anyone. Just any president. Make it happen, Dave.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I feel like it's time. Just let me know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Just let me know. All right. What's your drink of choice?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Give your favorite.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I went through some, and I wanted this one. Selfish. What was it like raising Rachel? What?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
It was the Olive Garden, wasn't it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Don't you throw a Fiat's.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Don't throw it. It's a flex. So much happening.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
George still loves a good deal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
End up in jail or this chair. Oh, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
We have one of those. We have one of those. I think every family does, right? Where you're like, all right, this one is like the... That's how God teaches us. It's the one, and it's usually the middle child, which is so funny.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
That's why. This or this or this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
But yeah, you love to spend, so there'll be some good spending questions in there. But it's going to be a good time, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Oh, are we going? Okay, okay. All right. What does it look like to treat yourself? So what do you do to treat yourself?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I know. It is a good team. I was thinking about all of you guys. The people that we're looking out at.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
It really...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I am part of it, yes. I know. Technically. But that is one thing I do tell people, is I'm like, you know, I don't know, something we'll be talking about work, and I'm like, I do feel like I live in a bubble here. And maybe it's, you know, the 50 people that I'm like surrounded with.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I mean, I'm sure there's others, but like genuinely the people that I interact with, I'm like, I genuinely enjoy our team. Like we laugh. It's funny. It is enjoyable. We like fight hard, even in meetings that there's like a disagreement. That's even fun where it's like, okay, let's fight. Like we really do fight for the customer and like what we're doing. So yeah, I agree with you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
George, you make everything so easy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
No, it's true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I'm not kidding. That is like a yes, because there's a lot of miserable people out there, and a lot of people work with miserable people.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I just don't get to stay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I think we're done. I don't know. Should we keep going?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Well, I went through a bunch of them. How about the scan through and choose a fun one? No, I just... Well, my fun one was me. I asked about raising me when I started.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Drink of choice. When in doubt. What's the best piece of non-financial advice that you could give?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Not like murder mystery, like kidnappings and stuff?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
That was the first introduction to Jesus for you, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Who are you? She's like, no. Pick the Baptist church or the Methodist church. Flip a coin. We're going somewhere. All right. Wait, wait, hold on. Before we get to that, can we just talk about our world today online and how much of our information is out there? Put that down. Yeah, we can talk about it. It's fine. It just really bothers me, George. I just feel like I'm everywhere on the internet.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
That's how you know you're getting older. And not because of the fact that we have a podcast like this and a YouTube show. But everyone's info is out there on the internet because of how often, you guys, we are filling out forms. We are creating accounts on different websites. And did you know that hackers love that? I knew it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Not good. That is why I love and I use Delete Me because they go through and they go to all these data broker websites and remove your information because people are making money off your information. It's crazy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Yeah, and it's very inexpensive. So just for, you know, not a lot of money a month, it's amazing how you can protect your information, which is so important these days, you guys. So you must do it. So again, click the link below and check out Delete Me. All right, you can draw.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Because you hate extended warranties, for those of you listening.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Oh, wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Hey, guys, I'm Rachel Cruz.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
That's crazy rotations.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Oh, man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I know. Those front load washers. Watch out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I was thinking Sharon probably was like, Mom was probably like, but it's a good deal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Oh, my gosh. Too good. Too good. All right, George, you know one thing that needs to be put in the budget, though?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
It is so worth it. It's a cozy earth product. Anything that they have, sheets, blankets, pajamas, worth everything.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I mean, probably, George. I feel like you need something, do you?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
You know what? I think George needs something right now.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
And it is so heavy as well. So the fact that it brings so much comfort to your life, it is unbelievable.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
It's unbelievable.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
No, but seriously, their stuff is incredible. Absolutely incredible.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
The socks? That's what Winston likes now. The Cozy Earth socks. I haven't tried the socks. Threw the socks in last minute. Worth the purchase. Worth the purchase. And Cozy Earth is giving our listeners an incredible deal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
We can do both. I know. Well, George, you may have to say goodbye to the blanket.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Are you ready? Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Well, thanks for answering all the viewers' questions.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
How does it feel? How's Smart Money Happy Hour for you?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I fully agree.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Yes, so we're sipping on, is it a Black Manhattan? Black Manhattan. Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Come on. Bring it. That's a high-priced cocktail.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I'm going 9 out of 10 just because it's not a bourbon-based cocktail. Is not my favorite anymore.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
No. Do you remember Manhattan's used to be, when we would all travel for live events, after a long event, we would, you know, a lot of us would go out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
But old fashions in Manhattan, that's all we would order.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
And now it would be different. I would do a dirty martini.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I know, I've switched.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I've gone, yeah, I've switched.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Be honest, yeah, because you just like bourbon.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
We'll tell him. He texts us after every episode.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
So we will let them know that we'll let, Michael knew.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
He should have known better. Michael, unbelievable.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
All right. Now it's time for Guilty as Charged. And this is where our producer, Kelly, gives us a new guilty as charged question every week. And if we're guilty, we take a sip.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I have a story.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Do you know my story?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Don't? Now you have to. We have to hear it. This is my worst. This is one of my worst.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I know. We're going to, yeah, this is an honest show.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Oh, stop it. Stop. It's not that bad. It's not that bad. Yeah. My worst celebrity experience. We were in Las Vegas because dad, Dave, was being inducted into the Radio Hall of Fame, which was a really big deal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Yeah, it was incredible. Yeah, so we all flew out as a family because we all went as a family and went to this, like, you know, they had a big ceremony. The night before, we were eating at a restaurant and everyone was talking about the guy that owned the restaurant. And I don't watch the Food Network. I don't watch cooking shows. I don't know famous chefs. Like, that's not my thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
And Bobby Flay owns the restaurant. And this was a pairing, exactly like you're talking about. And sweet Rachel, in her early 20s, that didn't get these experiences, is very excited. I talk a lot. I'm having my dirty martini. Probably my Manhattan. And you get wine pairing, all of it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
You know, that is an interesting thing because growing up, we never really, when we were little, we didn't really travel. We camped and did all of that. But then when, the only memories I have of like when we actually, like we never went to the beaches, kids. Like it wasn't like, oh yeah, we have an annual beach trip. Like we never did that. But then when we started traveling,
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
So anyways, I think it's fair to say, toward the end of the dinner, I was like, oh wow, I probably didn't eat enough for dinner. The whole pairing situation, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
So I am, yeah, so it's a, yeah. So I'm just like, oh yeah, okay. So we're getting out of the restaurant and everyone's like chattering in our group. And they're like, oh my gosh, he's here, he's here. He's actually in town. He's coming up to like say hi and congratulations. I was like, what are y'all talking about? And they were like, Bobby Flay is coming. He's coming up.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
He's coming up to say hello. And everyone's freaking out. And I'm like, oh, my God. I don't know who he is. But Rachel is very like, I want to meet him. You don't know who this guy is.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Because everyone's freaking out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Yeah. So it's like, I don't know. And so he comes up. He's talking.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
It's not good. It's not good. Yeah. Well, I first walk up. Again, Rachel's, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I know. I was just a mere child.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
The first thing I said was, hi. I said, hi, Bobby Flynn. Ready for this? I don't know why. Hi. Oh, I'm Dave Ramsey's wife. And mom and dad were like, Rachel. And I was like, oh my God, no, not his wife. I'm his daughter. Sorry, Bobby Flynn. I'm his daughter. I said his name wrong twice. Twice. And Amy Severson, who's on our team, was there. And she grabs my arm.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
And she says, hey, let's go over here, Rachel.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
This is so painful to watch. It was terrible. It was terrible.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
And this is Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
He probably doesn't remember it, but in my head, it was my worst interaction. Wow. Yeah. Bobby Flynn.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Not true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I heard this story, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
we started traveling where it was like, oh, like Disney World. I think Disney World was my first trip, which wasn't cheap, right? You could do the beach cheap and like do all of that probably before that, but y'all wouldn't. So that is funny because that is probably still consistent on how you were growing up.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
And you're just filming him right there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
That's a good one. That's a good one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Yeah, but those morning shows, it's a, yeah, yeah, yeah. Not in a bad way.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Katie.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
We're all guilty.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Cheers to the guilt.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Bobby Flay, never forget you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Never forget. Never forget. Bobby Flynn. Oh, so fun. Well, if you guys enjoyed this episode, make sure to check out that we actually have an episode about Cheapskate or Resourceful with Sharon Ramsey, his better half. So we'll make sure to leave that episode. You can check it out here or... Or if you're listening on podcast, we'll leave a link in the description because that's a fun one for sure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Dave, Dad, thanks for being here. Being a great guest.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
To do it right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
It was so good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
This is so fun. So fun. All right, you guys. Make sure to like and subscribe, and we'll see you next Thursday on an all-new episode of Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Ding. Ding. Well, this is the show where two friends who happen to be money experts talk about what you're talking about. So everything from pop culture, current events, and money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Arthur Brooks talks about experiences, when you spend money on experiences with people that you love, and you and mom travel together really well.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
And y'all do it with friends a lot, too. We do. You bring us once a year, so thank you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
But like that is not just like piling on more and more and more stuff. Like you guys experience it. And that's, yeah, a great way to spend your money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
No, you would die.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
We get PDFs emailed to us before our Christmas trip every year with exact times of every detail that you need.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
You would be terrible in The Amazing Race.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Okay, are there any large purchases that you've ever regretted?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Well, welcome.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Did the down payment change to 5%? I feel like that was somewhat lowered. I feel like it was always a hard 20%, but now for first-time homebuyers, we went down, you know, the advice is now down to 5%.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
What a fun world.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
It's the first time. It's actually a very exciting show.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Yeah, for sure. It's good. All right. Next, how do you balance family and work? You can go back to like high school days when you actually had us living. In the house. Because I feel like that's probably more. Or maybe now. Yeah. They just travel. They just travel. So I don't really see them anymore.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
One of my favorite stories in this, like this is him. 24-7, seven days a week, when Winston and I were dating, Winston came to the lake house. And we had some friends, college friends over that weekend. And I guess maybe the night before you asked if anyone wants to ski or barefoot in the morning. Because if you're going to get good skiing or barefooting on the lake, you've got to get up at dawn.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Really, really, really early. Bang on the door. Dave, it's 5.30. Fellas, you ready? Winston was like, yes, sir.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I am.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
At the lake.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Maybe.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I'm just saying, it's that mode everywhere in the morning. It's 530. And yeah. So anyways.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I think she might be. We'll see what your count is of the episode. Oh, wow. We'll compare it to Sharon's and let you know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Work and family.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
That's true. That is true. So in this episode, we're going to be actually answering, having you answer some questions from the fishbowl that people have submitted that they want to know about you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
You were much nicer than that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
You were.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Not how to get out of debt. Get excited.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Well, I'll say as a Brentwood Middle cheerleader, I remember basketball games, you and mom coming to watch us cheer. I did, oh wow. Y'all did come.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I was a flyer.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
I was.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
But here's the thing. Here's the secret to it all. I can't touch my toes. My hamstrings are very tight. I'm not a very flexible person. So when they started advancing the flyers where you had to like do the thing where you like hold your leg up or the scorpion, I got kicked out. I wasn't a flyer anymore.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
Didn't hurt your confidence, so that's good. That's a little Rachel background on you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Dave Ramsey Answers Your Most-Asked Questions
May or May didn't know. What? It's my turn. Oh, it is your turn.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
But see, mine's all Amazon. It's like 30 bucks.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
What's the one that they're supposed to look— Oh, I bought the Golden Gooses.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay, I bought those when I was—hidden is crazy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I bought those, y'all, on my 30th birthday. And so that was— Six years ago now?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
No, I don't wear them anymore. But I wore them for a few years.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I don't think so. I don't see them like I used to. Yeah, that was a, but I did pay stupid money for that. But I bought them for my birthday. I like made all these justifications.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
It was a big treat.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yeah, because I never do that. Like these, Steve Madden. So these were probably like 70 bucks that I have on right now. We got Abercrombie jeans. We got an Abercrombie waffle shirt.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
And today you have embodied that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Target stud earrings.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Well, you know what? I wore a pair of joggers the other day and I would tell everyone where I got them.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Cozy Earth.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
They were incredible.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay, quality. And that is something that is like, and it is. I'm not kidding you. Cozy Earth has made me step up from like my Amazon.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
No, because I have lived in like the, I've lived in my quantity era. And then a company like Cozy Earth comes in. And then you wear it and put it on. You're like, the way it fits. The material, I swear, all of it, you're like, okay, I get why it's more expensive. You know what I mean? Like, and it's not crazy expensive, but you're like, oh yeah, this is, it is, it's worth it. And it lasts so long.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
And when you wash it, that's another thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yes, does it stay quality? And it does. It keeps its shape and everything. I love it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I know, it does.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
That's amazing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yeah. But it's a quality product, though.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I would say that. That's a good one, though. I like that one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
All right, next. Alcohol.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I probably go quality here. Because I will say, the difference...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
You do the next day, man. It's real. Yeah. Even wine. If I have a glass of red wine and it's like a super cheap bottle, I do, I feel it the next day. It's like, it is different. So yeah, I'm going to go, I'm going to go quality on this one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Even at home.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
When I came and saw Mia, you made me like a lavender something, I remember.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I hear that. But also my thing is like life's too short to wear the same pair of shoes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
That's what it was, yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I appreciate that about you. Thank you. Yeah, I would say if I'm going out... Quality for sure. And I don't know, a Jack and Coke. George, I had it last weekend, so I can't say much. Jack and Coke and pizza is one of my favorites. Or a Makers and Sprite and pizza.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
What does that mean?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Oh no.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
It's fine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Have seven pairs, the ones that she'd love.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I was alcohol. What are you?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay, give me, list out technology.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay. You have an iPhone.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay, yeah, that's Winston's quality. So I feel like I live a quality life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I walk, so I'll put in my AirPods. AirPods.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I said AirPods.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I don't know, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I don't think so.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Well, that's why your watch threw me off.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Do you have the big headphones? Not these days.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I heard that it's not good for your health. Have you heard this?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I don't know what you're supposed to wear.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
No, absolutely.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
So selfless.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
And I'll say, yeah, I benefit from the quality. With the apps and all the stuff.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Because of Winston.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I think that's fair. I think that's fair. It's very helpful. It's very convenient.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Alexa. Oh, shoot.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I shouldn't have done that. All of you at home, I'm so sorry.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I'm sorry. Shoot. I did that one episode and everyone's like, You triggered my Alexa. Beep. Don't say her name. I guess she'll come on.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
All right, Baby Gear. Oh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
We had good cribs. Or no, no, crib. Our crib, sorry. No, our crib was actually not that expensive. Our mattress, stroller, high chair car seat. We like, yeah, we went- The car seat is the one that shocked me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Thank you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Jeez, all of it's so expensive.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Good, yes. My crib was very inexpensive. I think it was like 200 bucks or something. That's not bad. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Oh, for sure. Yeah, but I will say with like the car seat, stroller, all of that, the like, the quality, it lasts. Because we had our stroller for all three kids, which is just wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
That's impressive.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
But we did. And again, it has like, it folds up smaller, it's lighter. Like there's some benefits to the nicer ones, I feel like. All right, internet protection.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I think so too. And the only company I would use for it is Delete Me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Because they go in there. and take off all your information from all these data broker websites. And I'm like, thank you for good quality.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I got my report recently. I think it was like 66 hours that I'm at. Wow. But it's amazing. I mean, it really is. And when you read the websites they take your information off of, you're like, I didn't even know this existed. Like, it's like, where is my information? It's everywhere.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Like, oh my gosh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Well, and I do think what's hard is, you know, the trends, they come and go, George. Social media, they'll show you. And it is frustrating because I do know companies, especially with clothing specifically, they know. They know if they take a pair of jeans one season, widen it a little bit, you got to buy all new jeans. Or they shrink them a little bit or they go up or down and length.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
All right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I know. Ooh, food.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Food.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay, get off your high horse, like come down with the calm of people.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I'm so in the middle on this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay, that's my thing. I'm like, I'm such a... What is it? Um... What's the... Schlotzky's gal? Jacqueline Hyde.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Jacqueline Hyde, like I'm one person, but then I'm not.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
So I'm in the Schlotzky's drive-thru.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
But then I'm at a five-course dinner downtown. You're like, where is she going to be?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
You never know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yeah. I'm very satisfied there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yeah, no, no.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
No, not at all. But I do love an experience. So put me at a great like restaurant.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
You're into that. Yep. So date nights, date nights, I would say quality. But every other time, I'm like, yeah, Chick-fil-A grape. Spicy chicken sandwich, Chick-fil-A sauce.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
But I enjoy it. It's delicious. Yeah. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
You know what? I think you do you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I think that's fine. Yeah, I want to be that, I think. We'll get you there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
You're going to die. So Winston's birthday was like two weeks ago, and we had just gotten home from spring break. And we were all pretty tired. We got home on like a Friday night, super late. And I was like, babe, what do you want to do for your birthday? He's like, I don't know. We're so tired. He's like, let's just have some friends over and just do some bar food or whatever.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
And I was like, okay. I did a grocery order. That was all of my favorite foods, basically. Thank you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Buffalo chicken dip. Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
No. We got, and I went like frozen food. I went to the frozen food place and I just went, so taquitos, bagel bites, pizza rolls, chicken fingers, french fries. I got the chicken, never had this before, chicken like sticks kind of. Delicious. Didn't know those existed.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
So good. God, what else was there?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Oh, yes. Mozzarella sticks. Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yeah, it was like all these frozen foods and I was just like at the oven just cooking. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I know, cooking away, cooking away. And dips, and all my dips. I had hot salsa, regular salsa, guacamole, queso, chicken buffalo dip, and spinach artichoke dip.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Like they can just tweak small things and it changes the whole style. So then you got to get all new pants.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
And it was just like, y'all, it was my- Was it the best party? Did everyone have a great time? Everyone was like, golly, this is so fun.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Seriously, yes, yes. And it was so good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yeah. He was like, this is great. He wanted bar food. I don't know what that technically meant. That's true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I went with my heart, and I said, babe, don't you worry about a thing. I've got you. With bagel bites. God bless.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I've had bagel bites in years. I forgot those existed. I was so happy about it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
They're as delicious as you remember them to be. They still hit. Yes. They were great. Now, I had to get the non-pepperoni ones, like just the cheese ones for him.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Because he doesn't do meat anymore. He can't do meat. That's right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Let's do the last one, George. Here we go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
What is that?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yeah, I think you got to be.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
What does that even mean though?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yes. Oh, the dog. Oh, June gets on Winston's side at night now, George. You'd appreciate this. In the bed. Well, she knows.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
No, she follows Winston around like a lost puppy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Because apparently I'm nowhere to be found. Yeah, I mean, I hate to say that. I think it's a blue bag.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Say it again. I love it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Has Whitney bought stuff for them?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Just like humanity, you know?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
June runs through fields and lives a dog life as she should.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yeah, she does. She loves it. That's amazing. She's fun. She is fun.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
She kind of fell in. Oh, gosh. When we were all in there, she kind of slipped in, but she got out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I don't know if people are going to be mad at that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Probably. Probably.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay. What's our takeaway, George? What do you think?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yeah, you're not like, is this too expensive? Because I'm a quality person. Like, is this too much? EveryDollar will tell you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
That's right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I think that's good. And I think there's challenges for everyone on each side of the spectrum, if you will. So quality people, ask yourself like, is it necessary that I spend more on this item? Because sometimes you can get in that headspace where you feel like, well, I have to just buy the nicest, the nicest, the nicest. But do you? Like, do you really? Like, can you save a little there?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
And then I'm going to say for you quantity people, because this is me as well, the minimalist challenge. I did this a few years ago. I probably need to do it again. It was so great. Where you take a day of the month. Yes. So you take a month. And like on the first, just get rid of one item. You can give it away. You can sell it. You can throw it away, whatever. Second day, two items.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Day three, three items. And you go all the way up. And it really allows you to like purge, get stuff out. And it's great because we can stack up and kind of like have a lot of crap that we don't need. for the quantity people out there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Aren't dudes kind of wearing skinny jeans?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
That's right. We're all just... What are we? I don't know. I don't want to say it because it's just so sad.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
So that's my thing. So enjoy life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
What are dudes wearing? I know girls are. I know it's kind of out for girls.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
But enjoy it. Enjoy it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yes, don't go into debt for any of this. Amen.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
And you're okay. Hey guys, I'm Rachel Cruz.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
That's right. It will not fulfill you. And that's what as quantity people we can get the bad habit of. Like, oh, I'll just get this next thing, the next thing, the next thing. Yeah, it doesn't fulfill you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I'll drink that Keurig like Rachel did twice this morning.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yeah, two cups of coffee.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I love it. It's so good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
But we're not pretentious at all.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
All right, before we spill on our guiltiest charge segment, what are we sipping on? George, talk to us about this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I liked it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Me and the boys.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay, I'm gonna say this. I liked it sitting here talking with you, but I don't think I would order it. And remember, that's always my standard of like, would I go to a restaurant and order this? I probably wouldn't order it, but I may make it at home, like for some friends, I don't know. So I'm gonna go eight out of 10.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay, there you go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
No, no, no. It's very like refreshing to drink.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
All right, now it's time for Guilty as Charged. And this is where we ask each other a new guilty as charged question every week. And if we're guilty, we take a sip. So George, here's the question. Are you ready?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Have you ever fallen for a marketing trap that felt like a luxury but wasn't worth the hype?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I can't hold you to that. I don't know how many years I have left. I don't care what anyone thinks. That is not true. That is not true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Oh, man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I did some collagen masks from Instagram. They're like the white masks that dry on clear. I'll say the experience was fun, right? It's really jelly, like the material, and then it just dries, and it dries clear, so it's very satisfying. But when I took it off, you know? I was still Rachel.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I don't know what I was hoping for. I think when you watch like the Instagram people do it, I think they had pretty skin to begin with. And you don't see their skin before. You just see them like putting it on and they take it off and it's like a baby's bottom. Like their skin has no blemishes. It's like perfect. And you're like, that could be mine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
No sunspots, no sun damage, you know, just no pores, no scar, nothing. You kind of expect when you take it off, it's like a... Like a new skin. It's just not what I thought it was going to be. You know, kind of one of those things.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Well, make sure to DM us your guilty charge questions if you have them because we love getting... Y'all are so creative. You really are. So we so appreciate it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
And if you enjoyed this episode, then you would love the episode on harmless purchases that drain your bank account. It's coming up next. And make sure to subscribe so you don't miss an all new episode of Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I know, but you get all pissy in the comments because of what someone thinks about you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay. I know. I just don't care what people think of me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
It's not 100% true. Maybe like 90% true. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Well, quantity people, we don't care that if the thing breaks, you just replace it later because it's cheaper anyways. I'm not spending a ton of money on it. And if the trends do change, come and go, then you have the ability to be flexible. So it's like I can get rid of stuff and not feel like, oh my gosh, I paid like $200 for that sweater.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
No, I paid like $17.99 and it was great, a couple of uses, but then I get to move on. So you get to enjoy the variety of life, George. There's a lot out there. You should get out more.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
And this is Smart Money Happy Hour. Well, this is the show where two friends who happen to be money experts talk about what you're talking about. Everything from pop culture, current events, and money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
And I would say this, too. Both ends of the spectrum can be unhealthy, okay? Because you do have the quality people, and they're like, I won't buy anything unless it's whatever, right? And it's like, okay, stop.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yeah, and sometimes it comes with a logo or like a label, right? With like, oh, I have to buy like the nicest X, Y, and Z. And you're like, okay, get off your high horse. Like come down with the calm of people.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
And you're okay. But then the quantity, it does, it touches on that discontentment side. You can buy like really cheap stuff. And sometimes you get the cheap stuff and it's not even what you want, you know, because it is so like poor quality. And it's like you're never satisfied. Yeah. it kind of keeps you wanting more and more, which isn't good either.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I don't shop at Timu. I don't shop there. Not that it's bad.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I will say this. The super, super, super cheap like that kind of wigs me out where I'm like, what is going on? But the Amazon thing for...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yes. Amazon, Target, Old Navy, like all of that to me is like middle of the road. Free game.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yes. And I think that's why I like it because it's kind of like, oh yeah, we'll try it. And if I wear it a couple of times, that's it. Like I don't have to be married to it forever. Where there's some things that I have bought, And I'll keep it forever just to keep it because I can't part with it because I know how much I spent on it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
That's right. Totally.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yeah, for sure. For sure. So there are some categories in life, George. where we can go quality and quantity. And again, I'm mostly quantity. There are some quality that I like in there. And so I think we do a little game, shall we?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
You hear that?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
For all you podcast listeners.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
It's a plastic fishbowl, but it is. Okay, ready for the first category, George? Ooh, watches slash jewelry.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Did you have a real wedding ring, though, when y'all got married? Like an actual, like, silver?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
What a man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
But you haven't upgraded the actual watch? No.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay. So I think that makes me quality. I'm actually impressed because I feel like you're a technology guy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
And when new Apple Watches come out, I'm surprised it's been seven years. It's a long time. It's a long time.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I love a little woo-woo.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yeah, I'm quantity. I have wedding rings, real, very nice. And then I do have these rings that I wear that I got anniversary, 10th anniversary. Oh, that's fun. And then I have another nice ring when Amelia was born. So those are like my rings are nice. I will say that. But everything else, earrings, necklaces, watches, it's all, yeah, it's all...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Bobble Bar? Is that how you say it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay, I buy a lot from them. A lot of Amazon and Target, I would say, for jewelry.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I will say, on my list, as we laughed about my Amazon watch, that would be one purchase. One day, when I'm an old woman, having a nice watch. Like a Rolex or something. I don't know. Like a pretty old woman watch. Not that Rolex is for old women. Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
So great. So, George, I am a quantity person.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Very expensive. But I feel like I'll be an old woman when I get one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Not that 50 is an old woman.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Kelly is dying over there. No, I'm pairing multiple thought processes together. First, I was old and elderly. Then I'm thinking like, what would be a good milestone age to buy a Rolex?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
50 feels like a good age of like, you've made it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yeah, there you go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I do. Give me, like, something cheap. Give me Amazon earrings, 20 pairs. I don't need diamonds. Don't give me diamonds. Who needs them? Stop giving me diamonds, George. I don't want those diamonds.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay, okay. All right, all right, all right, all right. Man. Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
You can correct me. I'm going to go quantity because...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
quantity okay not quality but you can correct me so i don't go to like a super like fancy spa place to get my manicures pedicures like just give me the one by the subway i'm good like great great so sketchy great every time i go there i think this might be the last time even my hair i'll say this and i love the girl that does my hair she's been doing my hair for like 10 years
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
But she's not at like this fancy, big, nice salon that like everyone goes to. It's like one of these like individuals. She works Tuesday, Thursday. I've been going to her forever. It's great. It's perfect. Yeah. Okay, therapy. I will pay a lot for therapy. We want a good therapist.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
But I'm great to pay money for great therapy. And then... Saunas.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Winston bought it though. That's my thing. Winston bought a very nice sauna. It was. It was like one of the nicer brands.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yeah, but I didn't pick it out. I wouldn't need, I don't know. So I'm still going to go quantity. For what I do, which I understand like getting your nails done, I get that, but that's pricey in general. But in those categories of where I could go and do those things, I still am on kind of the...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I don't know. The other end of it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Get the same day of the week that you go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I mean, I will say, I applaud you. Every two weeks is a lot. It's a lot. I do like every eight weeks for my hair. And I feel like that's a lot.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I want variety.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay, I will say this. We have a personal trainer.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
But when we had a gym membership, it was at the YMCA, which is great. But they have like lifetime. They have all the bougie gyms.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yes, it is. That's a beautiful one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I hear it's amazing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I know. But you know, George, if I saw you working at a gym, I'd think, good for him.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I'm kidding, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I was kidding. I knew I would get a laugh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
All right. This one. Hygiene slash toiletries.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Shoot, I am quality.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yes, we are.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
We talked about this with the personalities.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
It's amazing how many people need like a loofah. Like George was like, I need a loofah. I need all this stuff. And I was like, you do?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I'd believe it. Yeah, I'd be like, yeah, mm-hmm. No, but I do. I am more quantity, and this is where we, we are very different in this, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Not even a rag, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Just a bar of soap. It's all you need.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Just a... Just a bar of soap. It's all we need.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Do you use nice shampoo? I wouldn't say it's fancy, but I get it online.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Mine's Caritas. I can never say it. Caritas? Caritas.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I'd say that's quality, but it's probably not like the craziest one. But it's up there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I think it's a nice one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay, then that's quantity. You got a whole thing like that for $20? That's quantity and quality. Wait, no, you got a whole thing of shampoo like that for $20? I want to say it's not crazy expensive. Mine would have been very expensive.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I hear you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Okay, cologne. What kind of cologne?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Man, that is woo-woo.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Whitney, I love you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Yeah, no.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
See, I go nice on my cologne. I like Jo Malone. And I do have a Chanel.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Is it number five? What's the classic?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
I want number five.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Mambo number five. Oh, man. All right. You're next up. All right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Are You a Quality or a Quantity Person? (And How That Affects Your Money)
Quantity. Quantity. quantity really yeah what makes you say that i mean when i say quantity i'm thinking anywhere pants anywhere from 30 to 90 dollars okay so like i'm not going like 200 pair of jeans or anything yeah pretty uh yeah jeans dress pants do you wear a lot of dress pants i guess you have like my amazon yeah like my amazon trousers
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah, so Delete Me is great because you go in, you fill out all your information and they go through all these websites and remove like your home address and your phone number, all these important parts of who you are and your information and they take them off the internet, which is fantastic. So make sure to check them out, you guys.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
All right, so when you are married, your spouse, do you guys do Christmas gifts?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Sands, love it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Same here. Yeah, we don't do Christmas gifts either.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Anniversary, we'll do stuff. Birthday, every now and then. But we're not, neither of us are like really big gift people.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yep. I did get Winston early on. Gosh, I think this was before kids. Gavin DeGraw tickets.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
He does love Gavin, the piano part of Gavin.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
I don't know. He likes the piano.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
And it is fun when you know there's something that they would love and you surprise them with it. It's like, that's a fun gesture for sure. So the surprise element is... It's still fun.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
But you can get creative. I mean, in the experiences, you know, you can do like a pickleball lesson or a pasta-making class.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
That would be fun, yes. But to do something together, I think it's always exciting.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
You know, your level of connection actually does go up when you have a shared experience together. Dr. Les Parrott. Yeah, I remember that. We used to do Money and Marriage together. He would talk about that. That studies show from like even brain activity when you're doing something with someone. That's why on The Bachelor, you know that show?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
They do crazy. Like bungee jumping. There it is. Yes. Did you say that too?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
But they do this like crazy shared experience together and it bonds them.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
We've like hiked. I'm trying to think if we've done like a really high thing. Like the heights thing is always like a... Oh, you're both a little leery of heights. Don't care for the heights. Jeez, George, I'm not sure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Okay, George, it's Thanksgiving. So what is one thing you're thankful for?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Oh, yeah, it's not scary, though.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Oh, totally.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah, he was confused half the time of like, what is happening around here? But it was so fun.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Oh, it's like a whole other experience. This is a spiritual experience for them. Oh, for sure. For sure. So much. So, so much. But one thing that also I love and I would take when it comes to gifts is cozy stuff.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Like good sheets, pajamas, clothing. Blankets. Give me like the soft material all day and I will pay for it. And Cozy Earth is one of these companies that has the most incredible stuff, you guys. I mean, seriously, when we got their sheets, it's unbelievable. I mean, still to this day, when we get to bed, it's just like, oh my gosh, it's incredible. It's heaven on earth. It's amazing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
I know. Winston likes soft stuff too. And he actually bought a hoodie from Cozy Earth. Look at that. And he didn't even use our code, George. Rude. Which is 45% off.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
I know. But you guys, for real, 45% off until December 2nd. You can get off the price. I mean, almost half off. That's amazing. And it's nice stuff. It's really good quality.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
We can order some more.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah. All right. The next one, which I think is always a fun one, is like the white elephant gift.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
This is just like the random kind of like less expensive. What's the thing that you love?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
So fun. Okay, so what I would buy is a milk frother.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
I know. It's about 10 bucks. Yeah, my kids use it to like make chocolate milk. Like they'll like put chocolate syrup in milk and they'll do that. Winston uses it for like milk for coffee and all of that. It's just a great little gadget to have.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Wait, Keurig?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
George, I feel like that's like below you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Oh my gosh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
I love it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Just like a stack of them and just see if you make some.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Did people get some?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
It's kind of a little game element to it. Exactly. There's some competition there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah, package deal. My girls. Your family. Your girls. I love it. I'll be the same vein. I think family. Yeah, the kids, Winston, our like little nuclear family, extended family is great too. Love y'all.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
No, you did not. No, I did not. All right. I love the take a hint kind of gift.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
It's like when people give you a vacuum cleaner. Oh, your house is disgusting. Or like, I don't know, whatever it is. Some extra sponges because yours are gross. Like whatever the thing is, it's like here's a little... So there's a couple of those. I mean, like the Total Money Makeover book could be that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
And the great thing is, George, the Total Money Makeover book is one of our Black Friday sales here at Ramsey Solutions. And actually, all the books are. Your books, my books. So go to RamseySolutions.com. Make sure to check it out because we have some great deals this Christmas on all of our products. So they actually make really great gifts.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
It's not just a hint of like, hey, you should do better with your money, but it actually will help people.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Maybe it's sticking out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
That's good. That's good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
I love an AirTag. We put that in our suitcases sometimes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Oh, so refreshing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah. I need it cold. I'm sure everyone appreciated that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Why?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
I don't know. It kind of like heats everything up when it goes down. It's kind of nice.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
It's kind of nice.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
All right. Here's for some gifts for the person that has it all. Is you got to go sentimental. You got to go like the picture out, the homemade calendar.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
What am I going to buy Dave Ramsey? Yeah, handprints from all the grandkids. I got my parents for their lake house a yard, like a sign in the yard. And it had these like wooden arrows pointing different ways. And one said like Mimi's Kitchen. And it points inside the house. Papa Dave's dock. It goes that way. The dog park because they have this big dog area. And it's customized for their life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah, yeah, yeah. I got a Fetzee. And I was like, that's a great gift.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
That they can, yeah, put the yard at the lake.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Just like our little nuclear family, like our little Winston Cruises. They're precious. Yeah, but I would say that, you know, it's a big deal. It's things that you take for granted sometimes the day-to-day. That's why Thanksgiving kind of causes you to pause and be like, man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Uh-huh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
I don't think that's very sentimental, though.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Maybe so.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Hope we helped you guys out with your list. Return the gifts. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah, and I think, like, ask why are we doing this, right? If you're all adults buying adults gifts and the family, like...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Do we, like, really need to be doing this, right? Or if there was a certain dollar amount that was always spent, like, question why. Or is your motivation so people, you know, could see all of this and how fun it is? Like, just, again, the motivation and challenging what used to be the norm, I think, is really good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Because some people, like... genuinely we're like, I hope someone else speaks up, right? And you could be the hero.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
So much better.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Oh, that if nobody sees this purchase, do I still want it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah. That's a good one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah, don't shop for yourself. This is the season to give. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah, I do a Christmas one. And then I go into my notes app and have everyone's in there and drag and drop all the transactions into that one. Or if you even want to be more detailed, list everybody out in every dollar for December. Yeah. Yeah. And you can have it all there or November if you're shopping.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
And then you're done.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
We'll put a link down below so you can check out EveryDollar if you haven't already. Well, all right, George, it's almost the end of the episode and we close out every episode with Guilty as Charged. And this is where our producer Kelly gives us a new Guilty as Charged question every week. And if we're guilty, we take a sip. Kelly?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah. Wow. And talk about what we're grateful for. That's really nice. Yeah. That's like a Sharon tradition.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
I've done that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Because I have learned throughout the years, I'll just receive and just say thank you and not feel the pressure. But I feel like I used to feel, and I would write their name down. I'm like, I have to buy them something.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Let's just be thankful all around. Well, this is the show where two friends who happen to be money experts talk about what you're talking about. So everything from pop culture, current events, and money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah, some of them... I think a couple have been like, oh my gosh. It's a loose relationship. Yeah, I wasn't expecting a gift from this person. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
No, not a ton. We've kind of stopped doing that. I feel like we did that more when we were younger. That's kind of stopped more. But I feel like I'll randomly get a gift and I'm like... I gotta get him something. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah. But I didn't know we were like at... We're not like giving gifts for Christmas kind of friends. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Oh, yeah. To be with my family. So that'll be nice. Boston's a great place to be Thanksgiving. It's very historical. It is. Around that time.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Thank you, thank you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yes, just to say we got to stop it, even though it's been a tradition. We don't need it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Maybe I would. Maybe I would. Yeah, you're right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah. If Michael Reddish got me a gift. Yes. Mixologist Michael Reddish.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Oh, he's a high-maintenance gift receiver.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Crazy, yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
And I'm trying to think of somebody that I would be like, oh, shoot, your gift's coming. I may say that to you, George. Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Look at you. Just the gift giver.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah, so kind. All right, who finished their drink first?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
It was.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Good name, good name.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Get it all there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yes, that would be a good one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Wow. I'm going 8 out of 10. It was a little tart.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yep.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Love it. You'll love it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah, for sure. They can partake. Well, you guys, it's closing time. So thanks so much for listening and watching. Make sure to review, comment below. We love to hear from you guys. So if you enjoyed this episode and you're traveling this holiday season, make sure to check out our episode on why short-term rentals are no vacation. And we'll see you guys next Thursday on an all-new episode of...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yep.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Because Black Friday is tomorrow and the shopping starts. If it's not already done, it's getting completed probably in the next week or two. And yeah, we're going to help you out because gifts are fun. Are you a great gift giver? Is that like a strength?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Oh, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
What a gift that is. Which I think that is a gift. That's a gift that keeps on giving.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
You know, and I'm not a great gift giver either. And I wish I was because people that are and they get you that thing. They're like, well, you said this, you know, like three months ago. And I just thought. Oh, one of those. And you're like, oh my gosh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
I wish I was better at that, but I'm not. Yeah. I'm not. What's like the best gift you've ever received?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yep.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Oh, that's fun.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
I want it. I want a video camera. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
I remember getting a boombox. That was a big deal because I had a CD player and a cassette tape and it was like all in one. And you could just pick it up with the handle and I would carry it to the bathroom. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
You did play and record at the same time. And it was great. We got a puppy for Christmas one year.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah, when we were kids. That's fun.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Came in the box.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
I do. And actually this week, they're going off to their homes. I know. How sweet. I know. We had six puppies and they are now... All across the country.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
So great, because today, George, right now, if you are watching when this episode releases, it is Thanksgiving.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
What a gift it is.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
I know. Yeah. Okay. So, George, there's all these different types of gifts that we can give. And so, again, I think it's important to help all of you out there have gifts that are practical. Because when we're adults... You know, there's the sentimental gifts. Winston's a good gift giver. He'll do like jewelry. Like I got another wedding band for last anniversary.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Like there's like sweet gifts that mean a lot, but there's also the practical gifts that can go a long way with people. And you have different people in your life that value different things or interested in different things. And we're going to be here for the people, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
All right. For free. And we each have our own under these lists.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Are you ready? We got the wine and cocktail lovers. So there is a cocktail shaker, and I will give Courtney, the cheese gal, credit because I follow her. And there is a cocktail shaker.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
That does not... freeze your hands. It's like a thermo, thermal. Got it. There's like a protective covering because we have a cocktail shaker. When you shake it so much with ice, you're like, your hands get, they're frozen.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah, yeah, yeah. That's right, that's right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yes, but this has like a protective covering over it so your hands never get cold.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
No, no, no. Or is it that has a top and a lid and a strainer? No, it's the top lid. Yep. But the top is also a measuring. Yes. Which is great too. So two in one. It's fantastic. Do you know the brand? I'll link it down below.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah, we'll link all of it. So check it out. It's a great one. If you have a wine or a cocktail.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yes. Like the speakeasy days. Even like the fonts were cool. Everything was just like classy. I know. Go back to like the 30s, 20s.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Hey guys, I'm Rachel Cruz.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
So good. All right. Next is for the people who love to cook in your life. My favorite cooking utensil, and I use it probably twice a week. It is a meat grinder. It's actually, I think, a Pampered Chef, but I'm sure there's like an Amazon dupe. But the way it is, it's like a spatula, but it's up and it has these like grooves in it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
I don't know. Yeah, maybe they're traveling. to grandmother's house down the highway this Thanksgiving.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
But you spin it in your ground beef and it makes the finest like Taco Bell fine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
It's what we're going for, people. But with real meat. It is what we're going for with real meat.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
But it makes it really thin because when I do spaghetti sauce or tacos or chili or all that, I don't like chunky chunks of meat. Like I'm not a meatball fan.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah, I don't need like a chunk of meat.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
I'm a meatball maker.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yep. So this finely grounds your ground beef, and it is fantastic, not expensive. It's wonderful.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
You know what? That is true, George. Fair. But I actually like my burgers more thin. I don't like... Like a smash patty. Yes. Smash burgers all day. I don't like... Like mom and dad, when they cook burgers at their house, it's like really thick. And I don't like that. I don't like the like... It's like a ball of meat on a burger. And it just... It doesn't work. So you got to push your thumb in.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
I've learned that trick before. You know, it kind of spreads it out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah, Dave and Sharon's high. Wow. It's like a ball.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
I don't know. And you're like listening to us while the kids like are watching something in the back. Thank you. Or maybe you're up in a bedroom at your in-laws trying to just get away from the craziness and you just need a little, a little lighthearted cheer and you've turned us on. Either way, happy Thanksgiving. I love Thanksgiving. Do you?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
I know. So no, I don't like it. Like, I don't like when it's thick like that. It's not good. So thin. All right. Thin, thin. That's why maybe I like McDonald's. Just thin.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
That's what Rachel's here for. That's what I'm here for.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
100%.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Okay, where do you get yours? Is it like on Amazon?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yes, that's fair. That's fair. All right, next is for the tech and gadget lovers out there. One of my favorite things, George, is a wireless phone charger.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yep, I have it on my nightstand. Now I will say, there may be a total... There's still a wire involved, but it's not connected to your phone. Not connected to your phone. You just lay it on top. But you got to wait for the green to light up because there have maybe like 10 times where you think it's charging and it's not. And that's a bummer. So you do have to like watch for it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Oh, yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yep. But you just set it right there and it, yeah. Wow. And it's so great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
And this is Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Now that is nice.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah, I know. It's fair. Yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah, we don't need to do that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Oh, no!
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Upgrade, Mr. Cable.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
That's a great gift.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah, life is too short. That's good. I like that one, George. All right, next is for your kids. Okay, so this was a gift. Both of my girls got at different times and they just love it so much. It's so funny to me. And it's so cheap. Like you can get a really cheap one on Amazon. But it's a kid digital camera. And so, like, it's just, like, this, like, little cheap digital camera.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
And it's terrible quality. I mean, like, you can barely see it. But it has, like, a unicorn case on it. I mean, it's just, like, this cheap little thing. But they wear it around their neck.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
And, like, they think it's so cool to take pictures and, like, have a screen. Probably because they don't have, like, phones and stuff. But they just, they loved it. And it's, like, $20. Yeah. But yeah, so if you have like an older kid... How do you get the photos?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
I don't even think you do. I mean, I think it's just the fact that... They don't know? They don't get to see the photos? I'm sure there's a card. I'm sure there's some like... Like an SD card? SD. I was going to say a USPS card.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Whatever that card is in there, I'm sure you can take it out. But they don't even want the pictures. It's just the idea that they get to like have this instant gratification of their own. Like I get to take a picture and it shows up.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
That's cute. And they think it's like so fun.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah. Okay. It's cheap, but it's fun.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
George, let's get a little bit more creative.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Because we're about to get into Christmas and we're going to talk about gift giving in this episode. So we have you covered. Don't you worry.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Where is it now?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah, I bet you did.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Speaking of just cash and money for teens, you know, the big thing is gas gift cards.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yep, and so that's what I've heard from a lot of people.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
That's a good one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
These kids out here.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
All right, parents and grandparents. This one's tougher. You know what's a good one is a thorough gun. Thorough gun?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
They're great. And my parents love them. So, like, it's a good grandparent gift.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Anything from Brookstone. Remember Brookstone, that store? Yeah. A massage chair. Did you know anyone that owns one of those actual massage chairs like in their house?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Like the really nice ones.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
This is luxury. That's pretty cool.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Oh, yeah, yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Oh, yes. They wear them a lot at sports. Oh, Kelly's a fan. Yeah. You love it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Just a good meal. So what are we sipping on, George? We're talking about this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
There's a certain look when you wear a neck fan.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Affordable Gifts People Will Actually Love
No, you wouldn't. You got to do outdoor events, George. Thank you. I wish you don't go to many of those, but it's good. You know, another great gift is a subscription to Delete Me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
But truthfully, the amount of money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Every seat is second class, let me tell you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
If you're A-list, that's basically first class.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I'll never get there again.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
You need 20-something flights a year.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
For a short trip, I'm with Rachel. At the Nashville airport, I think it's $40 a day. Especially with kids.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
With kids. I mean, if it's a short trip, I would do it. But for a long trip, like a week?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Yeah, yeah, yeah. God gave me legs. I can walk an extra 78 feet.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
It is convenient.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
But then they ask for a tip. And I know they're not going far. You know what I mean?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I struggle with a tip on the valet that already charged me 40 bucks a day.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Apparently I'm letting you know for the first time.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
They weren't doing this every day hoping you'd show up.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
That's good. All right, next one. Claims there's no margin in the budget for retirement investing, but pays $250 every month for the gym membership. Never made it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Your boy invests.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Well, now you have like an at-home situation, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Well, yes, in fact, I did. Thank you for bringing it up. What happened here?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Did it hurt at all?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I went to the YMCA recently. I did the day pass.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Do you know about this?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I did it to go to the skate park to see if I still got it. True.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
20 minutes later, found out, I still got it. I just don't have the endurance.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Yeah, like dropping in on a quarter pipe or half pipe. Is that scary? It is, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
It is scarier now because I pay for my own insurance. And once you do that, I will say it changes. Like the 14-year-old kids at the skate park, I was like, God bless you guys and your mom's insurance. Like you're out here doing the most. I was very concerned the whole time. I was like, if I roll an ankle, what does this mean for my family? Yeah. So I was very cautious.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
But I was the best.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
And the 14-year-old kids were like, wow, that guy. I was like, yeah. Your boy used to skate.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
So after 20 minutes of impressing the children, I left and I paid my $15 for the YMCA and I was very happy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Yeah, but I do not currently have a gym membership because I was Rachel and I paid too much for it. Didn't go enough. Yeah. Not really into the gym atmosphere, I realized. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Yeah. People that go to the gym really want you to know they go to the gym. And I need like a Planet Fitness level where it's like, hey, we're all just trying our best out here.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Yeah. Planet Fitness is like $10 a month. A lot of people who are not in shape who want to be in shape. The gym I was going to, which is Lifetime Fitness, is meant for people who live at the gym. Their hobbies include gym. That's it. They go to work. They go to the gym. They go home. They go to the gym. Yeah. Not for me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Wow. I guess I'm guilty of this, even though I've never paid tip 20% for a manicure I hate.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I've never got my nails done in a sense.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I did. I was on the business end of this with a massage.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
So you know the place. The massage place. It's by the minute, which red flag number one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
No, he didn't.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Okay, sure. Like I was like, I don't want to be a part, like I want to get out of this. You know what I mean? So that was an awkward moment where I learned even if it's not great, tip 20%.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
so generous george you're so stingy i'd be like two extra dollars i thought 15 was a totally fine tip for an okay massage in a chair that they got 38 years ago that smells like cigarettes just one man's take just one man's take just throw it out there yeah you got the fluorescent light on i'm three feet from a bathroom that an employee just used without washing their hands how do i know never heard a sink but heard the toilet
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
But no, no, no, you're right. You're right. I should be generous.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
It's a real experience.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
No, this one was in the... Yeah. Agreed. Fine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
If it's next to a subway and a CBD store, you know what you're getting into.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
They're talking behind my back the whole time.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
And I can't do anything about it. You can't do...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
That would be a good power move. Because they don't know what I'm saying either. I have no one to talk to. But I'll talk to myself so they know I'm not okay. But yes, I am guilty of the standing in line at Target to return a $7 vase from last spring.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Been there, done that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
This one is suspiciously similar to something Winston Cruz would do.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I can't, I'm not guilty of this. I wish I was, truthfully.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
This is the dream, is to own zero name brand belongings, but have a backyard pool, cold plunge. You know what that tells me? All the way. Winston does not care about your opinion. Isn't that his superpower? So true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Because he does nothing to flex. If he does anything, it's for Winston.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Such great stuff. The Camel family has a lot of Cozy Earth in the house and we love it all. Go check it out. They're giving our viewers and listeners up to 40% off. If you use the promo code SMARTMONEY at checkout, go to CozyEarth.com or click the link in the show notes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Oh, wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
My wife just yesterday was like, hey, buy the organic one if you can. And I was like, I can, but it's double the price and our baby won't know. So... Your baby's gut will know, though.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Pretty sure she ate lint. So, like, I don't know. I'm not that concerned at this stage of the game. But I do respect it. I do respect it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
We'll drive an extra 10 minutes on the way home to fill up at the cheap gas station, but we'll shell out $150 a month on food delivery fees.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I am the opposite. I will absolutely drive extra to the cheap gas station, which for me would be like a Sam's Club or Costco. In most cases, they have the best price. We'll drive extra. But the delivery fees, I am... You hate delivery fees. Nothing makes me more angry. I know. Because here's the thing. You're not only paying for the fees, but every item you purchase is 20% more expensive.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I hear you. It makes me so angry that I'm like, you know what? I'm going to get in my car and drive there myself to show them a lesson. I'm going to pay a retail price for that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I'm on there?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
She's thriving.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Bieber, is he still on there?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Great. You've already saved two people with your prayer list.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Thank you. Wait, do I get to replace Bieber?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I am my father's son. What can I say? My parents didn't immigrate to this country to get screwed on delivery fees. They got screwed enough on the way in. They're not getting screwed on the way out, too. It's simply too much. Don't you think we have to put a stop to this?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
So therein lies the double standard of like, why would you make this free but make the $10 item cost?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
We need a delivery fee revolution. This is what people should be campaigning on.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Even Biden, who can't download an app to save his life, had a whole thing about junk fees. He was trying to get rid of the junk fees, as he called them. Because back in Scranton, when he was, you know, on the train... Traveling with corn pop. The man doesn't know. It's less than the guy paid a fee.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
That's good advice.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Thank you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Would Sharon Ramsey pay delivery fees? Left to her own devices, no.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Would Dave Ramsey pay the delivery fee unbeknownst to Sharon?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
But if it was up to Sharon to order the meal, she'd be like, well, I'll just go pay it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
You can wait. Patience.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
That's why you don't like this. It's going to be fine. It hearkens trauma from your childhood, and therefore you don't want me to live that life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Too good. What's the takeaway here?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
And that was the birth of this episode.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
And it's okay to be like me, bougie frugal. It's okay to have some nice things and to want to get a deal on something else that isn't worth paying full price. And it's okay to be Rachel and to put it in the budget and just spend, get the Instacart and don't go to Costco on a Saturday and tip well and be grateful. That's right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
That's a great life too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
This drink that I think will be serving time, I think this is the drink you see on the side of the highway picking up trash and you go, kids, this is why you stay in school. Don't end up like this drink. This drink is the Citrus Cardamom Coffee Spritzer Mocktail, which, by the way, are five things that I love on their own, but when put together are a hate crime towards mocktails. Here's my rating.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Negative 10 out of 10. Yes!
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Well, look at Miss Generous over here. You did a spit take when you first tried it. Try it again. And tell me it doesn't taste like sweet tea with espresso through a Waffle House filter that sat out for days, then got put in the fridge, and then you put a lime little peel on it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Is that accurate?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I hate to give it a zero.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Here's the good news. It's only $1.11 per glass. So worst case, you also wasted money while making a terrible drink. Here's what's in it in case you have a dark mind. It's got sugar, water, cardamom pods, cold coffee, fresh lemon juice, plain seltzer, and I imagine the middle finger of your worst enemy stirring it all together. Oh. Just to go, this will really add to the flavor.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
But honestly, I triple dog dare you to try it with the recipe in the show notes. Give it a try this weekend. The kids cannot enjoy it too. So this is a fun one for the whole family to suffer through. And if you make it and you enjoy it, we're not friends. We're not going to get along in life. But I wish you the best.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
You know?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
You got to have the valleys to really appreciate the peaks. Quote that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Yeah. They should rename this drink the shadow of death.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Somehow the beforetaste, also bad.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Now that's a punishment.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Immediate yes. I can think of seven stories. I'll go with one. Okay. AT&T internet bill, your boy's budgeting. He sees that bill come through normally, $80.36. But for some reason this month, Rachel, it was $85.36. And I said, not on my watch. No, no, no, no, no. My internet service didn't get better. What's happening here?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
We're going to get into that. And you know, humans are imperfect after the fall of man. Look it up, by the way. Good story. Trying to make my mom happy. She's in the crowd. I'm making my mom happy. Look up The Fall of Man. Dark stuff, but helpful information. We have natural tendencies as humans.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I contact the customer chat because that's where I can be a full Karen without needing to feel bad about it with no tone. They won't recognize my voice. And they ended up not only reverting me back to the $80 after I was very inquisitive and they said, well, prices went up. I went, no, they didn't. Not for me. I've been a customer for 85 years.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
They reverted my price back to $80 and gave me a $100 Visa gift card.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
If that isn't full Karen and it paid off, I don't know what is.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Can you beat that?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Yeah. I'm proud of you. Karen, to you. Hey, we're both guilty. To you. Cheers.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
You know what's so funny?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I was going to say, shout out to Sharon's sister, Karen.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I feel like Karens out there, they get a bad rap. They do. Every Karen I've ever met is the nicest person.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Who wants nothing more than to get rid of this personal brand.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
It's like the mom bob, you know, like from the 2000s. I know, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Directly onto another human being? I did. A toaster strudel. Was there... Follow-up, was there no floor nearby?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Okay, next question. Were you in the window seat?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Hold on, you were in the aisle seat and you turned left to throw up on Karen.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Oh, got it. You're on the right side of the bus.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Couldn't have turned left onto the floor.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
If you're not Karen, keep scrolling.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
That are contradictory, all right? We are contradictory beings, but being intentional about this is how we grow. So we're going to get into that today. And you talk about natural money tendencies in your book, Know Yourself, Know Your Money, which one of your best, can I just say?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I think I'm a things person.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Quality.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I think I'm a safety person. I think I'm a very cautious person. you know, anxious type personality.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I think I'm scarcity.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Wow. This is perfect.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
So I would say I'm a plan giver, but I still have some spontaneous giving in the budget. But my natural tendency, planned.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
What an honor. Just call me Lil Winston. You know, Winston Jr., Winnie Jr. I'll take that. I've always thought we're so similar, except for how we look, how successful we are, the things that we do, the hobbies. No, I'm kidding. George, no.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Absolutely.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Yeah, absolutely nothing in common.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I am your Regis.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I love Regis. He was everything. He was great. Rest in peace. You didn't know that. I just broke that news to you. Oh, my gosh. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
He did.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Rest in peace, King. Kathy Lee, still with us.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
That was the most baller move on television for the rest of time.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Our kids will never understand. They'll be like, well, I can watch it on YouTube. I'm like, it's not the same.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
But yeah, I think Regis would have the same personality type as me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I am older than I seem. It is true. Old soul.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Make it make sense. That's the theme of this episode. So we have some confessions from our team, from someone we found online, but all of them are incredibly entertaining and a little too relatable.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
We're sipping on the illustrious citrus, cardamom, coffee, spritzer, mocktail. So many words for a drink that should be in prison. We will give you our rating, which, spoiler, not going to be good, and reveal the cost per glass at the end of the episode. So stick around. You're going to want to be here for this sentencing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
And remember, you have to show the camera the answer you want. Don't show it to yourself.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Okay, play along with us at home and drop your own money contradictions in the comments because it is highly entertaining, if nothing else.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
This is my toxic trade.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Oh, you're... This isn't improv. It's not yes and. Okay. You know, it's like, are you at risk for falling for this? Are you this person? You're not guilty of this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Hey guys, I'm Rachel Cruz. I'm George Camel. And this is Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Do both. Yeah. Yeah, for some reason, Trader Joe's like, ooh, $8? There's a $7 bottle. It looks mighty fine. Like, I'm just, why am I doing this?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
But I will pay good money for a high-end cocktail at a cocktail bar.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
So therefore, this is my toxic trait.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
All right, next one. Squeezes out the last bit of toothpaste for a solid week and a half, but throws away a full bottle of face cream if unable to see results in three days.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
How far are you going with the toothpaste? Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I'm not a great... Are you brushing?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Oh, no. Are you like squeezing from the middle like a psychopath?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Do you and Winston share toothpaste or does he have his own?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Like an intruder was coming in just to try to squeeze toothpaste in a rush. They didn't have a lot of time. Just squeeze and ask questions later.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I'm going to take a drink of this drink, and it's gross enough that that tells you how I feel about your toothpaste.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
That's the excuse? All right. What toothpaste do you use, by the way? I think people want to know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Is it like Crest gives a brand?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Okay. I was like, I'm not convinced you brush your teeth if you don't know the brand of toothpaste you use.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I know down to the flavor. No. Sensodyne Pronamel Gentle Whitening. Thank you. Kelly has taste. Will has taste.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
The freedom in which you live your life is frightening.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
So relaxed.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
You know, you put the stress on everyone else in your life to figure it out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I'm definitely not guilty of this. In fact, I would return the face cream for what I paid for it if I don't see results in three days. Which, by the way, who's looking for results in three days? What promise did they make on this face cream?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I don't fall for it. I've used the same... You're so smart.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Wasn't looking for affirmation, but thank you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
This one feels very specific to Sharon Ramsey.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
She's going to the library physically.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
But she doesn't want anything digital to read. She wants a physical book.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
And Dave Ramsey is a physical book guy, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I've never seen him read a Kindle. I'm not saying he doesn't.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
The fact that she won't buy a Kindle, won't even buy the book, uses the library card to save on the $10, $15 the book costs.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
While in Cabo, which by the way is where she is at as of this taping.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I got nothing but respect for our queen, Sharon Randall. But she is remarkably frugal. She had a very, you know, very humble upbringing. And I think that has stuck with her. I'm just like, don't be wasteful. Don't buy things that you could get for free.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Saving it in the freezer.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
God bless. And here's your reminder. Go watch the Sharon Ramsey episode of Smart Money Happy Hour right after this because it's so good. So good. All right, here's a new one. Won't buy a new winter coat for 20 years, but will burn through a thousand bucks on a new shotgun every hunting season. This one's for Southern dads everywhere. I'm going to go... I'm not guilty of this one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
So he's like, my winter coat from 20 years ago is fine. Still fits from college.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
He needed a new shotgun.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Be curious, not judgmental.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
We get it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Does he have the full like water waiter outfit?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
No, I have a lot of respect for hunting. I just don't want to do it. That's fair.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
I don't need to be out there in the elements at 5 a.m. to prove something.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
quote originally. You're telling me that Jason Sudeikis didn't come up with that on the spot?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
What's that?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Which is... What a transition. Some of your best work.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Yeah, why would you need to prove your online information? I think you have a good point.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
If anyone needs Delete Me, it is Rachel Cruz. This product was invented for you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
And they send you a report showing you what they've done, how much time they've saved you. I'm currently at 77 hours. Feeling real good on my high horse. Good for you, George. Because that's time it would have taken me to, number one, find all of these sites that have my information. Number two, find the invisible link to go request to remove it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Fill out the form, which, by the way, requires more information. And Delete Me does all of that for you at a very, very affordable price. You can do this for the whole family and you'll get 20% off as a Smart Money Happy Hour viewer by going to joindeleteme.com slash smartmoney or use the link in the description.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
The best.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
Oh, that's a Rachel Cruz moment. I'm going to go halfway. It's not that I've never done the valet, but I also am so angry when I have to pay that amount of money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
But it's so convenient. Here's where I will say Rachel wins. Last time we traveled with a baby, mind you, but it was like five or six days, which is a lot. It's a lot of valet money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
So we did the like self-park, but in the garage next to the airport. So it's not a far walk. I forgot where we parked. Ended up in the wrong area with the baby in the freezing cold.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
With all the luggage we're lugging. And this is when I was like, Rachel was right. Rachel was right. Should have valeted.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
You had a curious moment recently.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Make It Make Sense: Calling Out Money Double Standards
He's the everyman.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I don't even know, y'all. I don't know. And I'm tired. I'm so tired.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
It works. It works. It is one of the best deodorants.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Okay, no, duh. Your deodorant is going to be eight or nine, like for a thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Is it a little bit?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
True story. Yeah. She's super... Talk about crunchy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
And this is everything from makeup to cleaning supplies to detergent, food.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Remember when I talked about chickens earlier? Wrapping back there. Eggs.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
There was no eggs at the grocery store for days. I could not get eggs.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I had a friend that made her own deodorant.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Not good. This is so silly. Okay, go through all the egg categories.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
So that's cage-free. Then you got free range. And this is where eggs from hens that have some access to a small fenced outdoor area. This implies that chickens have access to the outdoors, but not all farmers actually let their hens roam freely. This is not regulated by the USDA, but cage-free is regulated by the USDA. Cage-free, free range.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I mean, all of it, right? So it is. And then there's like levels of it, like what you're saying. And so there's different terms people are using. So you got crunchy, which again, it's like no food dye, cloth diapers, like...
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
The organic.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
So this is regulated by the USDA. Organic eggs must be free-range... Gosh, I need a chart for this. Free range, but free range eggs aren't necessarily organic because they're not required to be fed organic feed.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I'm going four to eight.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
There we go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Do you remember that?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
See, I remember it being more expensive.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Yeah, okay. And I'm going to keep pushing these buttons because I'm feeling crazy right now. But here's the problem, right, is that I don't think the issue, which everyone's going to get mad at me, I don't think the issue is like, did you get range-free or pasture-raised eggs? People just aren't eating eggs. Like, eggs are good for you, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Like, we're just not even eating that. We're eating, you know, McDonald's breakfast sandwiches, right? A little Crunchwrap Supreme. I think like we're putting our stress in other, like the stress should be just eating healthy. Eat an egg. Good protein. Have two eggs a day.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Whole foods. All right, I'm checking myself to feel better.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Hope that's not controversial. We agree with that. I agree.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Western medicine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Yeah, that's exactly right. So like cane sugar is better than conventional sugar. Coconut sugar is better than cane sugar, et cetera, et cetera, et cetera.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Okay, so that's full-blown crunchy. Yeah, that's full-blown crunchy. You got silky, which is the opposite. So you got your red Doritos, your Coppertone, sunscreen, Clorox wipes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
That's right. But there are some great accounts. Like I do like Bobby. Bobby Parrish, the Bobby approved.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Yeah, yeah. I mean, he's good. Like when you are shopping and I'm like, okay, great example. I switched tomato sauces at Costco. There's like the Rao's, R-A-O, right? Versus whatever the other one is. And he flips the ingredients around. He's like, look, this other one, which is actually cheaper. There's nothing weird in it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Like it's a better choice, that tomato sauce versus the other tomato sauce. So I'm like, those switches I'm great with. And we've done in our home.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Yeah, but it counts like Bobby. Like it was a great one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Yes, I've heard that one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
But I think the Bobby one, though, it gives you alternatives. It's like if you scan something, it'll give you at the same store, like, yeah, just swap this and that, which is great, too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
But we also need to be, you know, taking care of our bodies another way, like working out, walking. It's not the only thing in life to be thinking about.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I love this subject.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
It's things with like thick peels.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
This is the one with the thick peels though, right? And that Dirty Dozen? No, it's not. What's the Dirty Dozen? These are the things... Well, it is dirty. You got to wash it. Right. Oh, yeah, yeah, yeah. So you got apples, you got strawberries.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Yeah, sorry. Okay. And then there's like the what? The Clean?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
That's what I was thinking of. So you got like bananas, you got avocados, you got onions. The things that you don't necessarily need to buy organic because it is...
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
That's right, because they usually have like a pretty thick.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Kiwi, cabbage. Sweet potatoes. A lot of things on there. Okay, so while safety with what we're eating is not only the important safety we need to look at, George, in our lives, we need to look at the safety of our information that is online.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
You're just all in in 2025. We're all good, right? We're all going to die eventually.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I mean, for real, our personal data is all over the internet, you guys. And if you don't know, just Google yourself and you can see and all these random websites come up and they have your name and your address, even like where you've worked. I mean, it's just crazy, all the information they have on you. And so that's why I love Delete Me is because they go in and remove your information.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Because there are data broker websites that collect your information and then they take your information and they make money off of it because they'll sell it or trade in all this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Tide detergent.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
is better your life is better go check them out make sure check out delete me all right let's go uh let's go clothing there's so there's some crunchy people out there with clothing oh this one's harder for me can i just tell you right now oh sure i struggle with this one Struggle meaning like you're not good at it or you judge people that are hardcore about it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Might as well have some Doritos in the old stomach while you go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
To say it. Yeah, yeah. Just slap the label on it. Yeah. So there was an estimated 11.3 million tons of textile waste that ends up in U.S. landfills every year. And that equates to 81.5 pounds of textile waste per person per year. So this fast fashion of like, we're just going to buy a bunch of cheap stuff and you went...
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
That's what I do. And it's like, oh, yeah. And then the next season, it's like out of style. So you're like, that's fine. But I only paid like $15 for that sweater. So it's not a big deal, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
But I don't throw it away. I mean, I give it to places or people.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
So hopefully it continues on, but it may end up in landfills.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Okay, but here's the fabric safety. Here's like the really crunchy. Are you ready for this? So really crunchy people, okay? Polyester. They don't want polyester because it is a form of plastic. So if you're working out and you're sweating, it's getting into your skin and into your bloodstream. Spandex and mixed fabrics can do the same thing, can carry that same risk.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
So the goal is to have 100% one material. Okay, so 100% cotton, 100% linen, denim, wool, cashmere, whatever it is. Organic cotton is better.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
So you're fine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Okay, I am curious with like Viore and Lululemon and like all these like, you know, workout places. I want to go look at the tags now and be like, oh my God. Because I bet there is a lot of polyester in there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Yeah, that's fair. I would say that. That's fair. But, you know, what you can do, though, is buy secondhand.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
That's right. Absolutely. There's some great websites. So there's a way. There's a way to do it on a budget if you want. The fact that we're talking about fabrics, though. Do you know one of my favorite companies to buy stuff from? Because it's incredible. It's Cozy Earth.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Quality. The sheets, the leggings, the joggers, the sweaters, the shirts. I mean, I have so much from them because I went and bought a bunch of stuff because it's amazing. Like their bamboo stuff, especially the sheets.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
For sure. Bluey. What a great show.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Yeah, it's incredible. Yeah, so make sure to check it out. We'll put a link down below. Or you can go to CozyEarth.com, shop around, and then when you're checking out, use the code SMARTMONEY for a 40% off discount.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Be bougie. All right. Let's go car crunchy, shall we?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I'm so crunchy. We're crunchy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Electric cars.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
You didn't do it for that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
You can't. Okay, so Whitney, where would you say that?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Oh, no. Okay. So we're actually damaging the earth by driving Teslas. Yeah. That's what you're saying.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
We're not even sure. Okay. And then Kid Crunchy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Yep. What a mom. I know. And then didn't really with Caroline. And then Charles, it was like pouches and...
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
And I'll say this too. They were bottle fed, formula fed for, I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
And you're doing fine. And we're all going to be okay. Like seriously, we're all going to be okay. So let's just like chill, take a deep breath. And because of when we talk about comparison, especially with lifestyle and money, you know, the thing we always say, which is so true, is like you don't know what's going on right behind the scenes. You have no clue. You don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
So we're not going to judge you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Oh, yeah. That's fair.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
You know, I got the stone stuff from Amazon. I'll send you my link. But it's like a, not sponsored, but it's a stone material and it kind of acts like a nonstick. Okay. But very easy to cook on.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I've always done wood cutting boards.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I've never done plastic. And that was not a like specific choice.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I think that makes sense. See, and that's, okay, can I say this?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Those are the decisions. Those are the purchases that make sense to me. Sure. Go get a wood cutting board. Like, that's fine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
But remember, I'm not going to milk a cow and just drink the milk.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
No, I usually will put it in a bowl.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Yeah, because also my thing is if you're taking it out of the refrigerator and it has plastic, then when you heat it, it is like you got to heat the whole thing. I don't know. It makes sense to me to put it in a bowl because it's more of a neutral temperature. So it's going to heat faster. I'm trying to heat up the whole thing with the container being cold. Like I even do it with glass.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I have a glass Pyrex. I usually will take it out and I will- And put it into a room temp glass. Yes, and I do it more for temperature. Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Look how safe I am.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
No, y'all, stop. I love a paper towel.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
It's the funniest memes of the moms that are like looking at like the ingredients at the grocery store. Have you seen these videos? It's like funny because it's like, oh, it has that. Nope, nope, nope. Those kind of oils. Nope, we're not doing that. Nope, nope. And then the next, the next second later, she's getting Botox. Like in her forehead. Like sitting in the doctor's office.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Yes, you did, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
We are overwhelmed.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Yeah, I think you can make some healthy changes that are reasonable, right? But you always still, there's a level of reality to our money and our life. And I think it's good to know that we have to live within that. So like, we're not gonna take on debt to create some like crazy lifestyle that we can't afford because that in turn will add stress, which is not good for your health either.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
So let's be wise. But I do think there are great alternatives to stuff that can be similar in price. And it's just a smarter choice of purchase. And I think that's great. And I'm all about that, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Yeah. And if you need to budget... That's going to be good for your overall health, I would say, because getting control of your money and doing all of that is so key to all of this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
That's right. So yeah, the budget is that. It is you getting to tell your income, hey, here's where I want you to go. And you get to decide that because you're an adult. So every dollar, we'll put a link down below, but you can check out our free budgeting app.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Create your first budget for free and just kind of go down that road to help you make life choices and lifestyle choices that you want, just like this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
So like, again, should we say it again? We know. We know that there are bad things out there. We know. For sure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Just know that we know that we know you know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
You know it all. We don't, but we know that you know, that we know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
All right, George. Well, before we spill the tea on our guiltiest charge segment, what's in this? Is it all chemicals in there?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
These cherries are supposed to be terrible for you too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
The mint looks fresh, though.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
You know what I mean?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Yeah, that's good. Okay, what's in it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I'm going to go 8 out of 10.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Oh, love it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
On the same page.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
That's really good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Mixologist Michael made the saline. It was like one part salt, three parts water or something.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I know. But it's like, yeah, we're all crazy about it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
That's what you wanted to do. All right, George. Now it's time for Guilty as Charged. And this is where our producer Kelly gives us a new Guilty as Charged question every week. And if we're guilty, we take a sip.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Bright orange red bottle. Hey guys, I'm Rachel Cruz.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
For sure. Yep.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
That's going to really do it. It's going to really do it. Not digesting, yeah, all the toys. I'm trying to think what mine would be. A white lie. I can't think of a specific one. But I'm sure I downplay things like fast food. Like we don't eat a lot of it. See, I'm doing it right now. But I'm like, oh yeah, I probably don't just like share that with the world.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I think y'all are crunchier than we are.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Four. Four?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Probably. Yeah, I'd say at least once a week we're doing like a Chick-fil-A or like a quick meal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I don't do that. Oh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Do you do that?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
All this stuff, I know. All right. Yeah, that would be mine. I think we probably eat more Chick-fil-A than what like I... Do you think four is a lot when you said wow?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Oh, okay. That makes me feel better. Oh, yeah. That's it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Yeah, so make sure to subscribe, you guys, so you don't miss an all-new episode next Thursday of Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
You're out. You can't do that. Where I stand is, yes, I want to be healthy. And I really do believe that there are certain industries out there that are just making hand over fist money off of our ignorance. I mean, I really do. So I do think understanding what's going on is very important. But then it gets paired with reality, right? And I'm like, my kids love deli meat.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Yeah, my kids love deli meat. What am I going to do? Like, they like milk and I'm not going to go milk a cow. and just eat, drink raw milk. Yeah, I could, but I'm not. Like, I'm not.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
From livestock right around. Yeah, and even like my eggs, you know? I just get the Publix brand eggs, which is probably the worst.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Oh, no. Yeah, no, we don't do tan eggs.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
It makes it feel like you're really, yeah, you feel real good about yourself with those tan eggs, but I bet those same chickens...
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I'm just laying out where we stand as people, George, you know?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
You listen to the podcast and you watch YouTube of Smart Money Happy Hour, and we're just the humans behind the microphone. That's what I was giving them, our human perspective.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
And this is... Smart Money Happy Hour. Well, this is the show where two friends who happen to be money experts talk about what you're talking about. So everything from pop culture, current events, and money. This is a good one because we're going to dive in. There's a lot of trends happening. And it's good, right? We're being healthier. Trying.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Forever plastics. So let's flip the script a little bit, okay? All right. So you got the Oregon Trail. They're for sure cutting off chickens' heads and making chicken from chicken, like straight up. You know what I'm saying?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I mean, just like they got real chickens. They kill that real chicken right there, and they eat that chicken. I mean, like it's very much like there's no processed anything at the Oregon Trail. No, that's how they got the disinterior. Okay, so you got me. Okay, so we got pilgrims. We got Oregon Trail. Different. I know of those two groups. But, like, think that time period.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Are you with me?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
And we are. We're milking cows. We're drinking the milk right there. Like, it's not... Got it? Okay. You got that, but then you got, like, Scarlet Fever. Then you got... I mean, you got stuff killing you off a lot. Yeah. Childbirth back in the day, right? Like, still today, but, like, for sure. Like, so, like...
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Do we take that risk but drink unpasteurized milk and eat a chicken an hour after it was killed? Yeah. Or do you live in today's world where you're like, all right. Isn't that what I'm saying?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Like, they had it good then in a certain way.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
So that's what I'm saying. But I think I'd pick today. I think I would pick red Doritos.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Yeah, that's right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Here's my point. I think we've romanticized. that time of life to a degree of like, oh my gosh, everyone was so healthy then and natural then. And now villainized today's world because of- Ultra processing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Which again, I'm not disclaiming that that's not true. I think those things are happening. But also we get the benefit of living longer And because of like health and, right? Refrigeration.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I did. There's a lot of references in the Bible to salt because of that. It was a major mineral.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
That was used to keep food fresh. Okay. All right, let's talk about budget-friendly ways to be a little... Let's do that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Oh, I was going higher.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Five. Five was my knee jerk for a bottle of Lysol. Yeah, you're probably going four to five dollars.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Okay, I'm higher. I'm like higher than you a little bit on all these prices.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
More self-conscious of what we're putting around our environment. I mean, I don't know. It's great, but it's very much a trend.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I know, but $3.99 is basically $4.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I went way more expensive. I actually make my own cleaner. No joke. No joke. I had a Rachel Cruz episode about like homemade stuff that is cheaper than buying store. And it's like water, rubbing alcohol. Okay. This like... It comes in a massive bottle, but you only need like two tablespoons or two teaspoons. Okay. And then you do lemon drops, but lemon, oh no, I'm not scrunchy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Like a drop, not like a true lemon squeeze, a dropper. Like 10 drops or so. Shake it up.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I cut off my counters for our Sonic dinner.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Okay, next. Tide detergent. This is what we use.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
This is what we use.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Cost of money. Some money. So while we're talking about that, what are we going to sip on, George?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Bright orange red bottle.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I don't do the plastic pod, so I get a point. Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I know, I'm trying to think. It depends on where I get it, honestly.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Yes. Wow, well done. Well done.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Look at you. What can I say? Look at you. Okay, ready for this? Yankee candle versus boiling water with cinnamon and orange slices. What? So if you want to make your house smell good, the Yankee candles.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
If they're scented. Yeah, if they're scented.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Except soy candles, right? Soy candles, I think, are like the clean.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Okay, but a Yankee candle. How much is a Yankee candle?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Wow, Yankee.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Okay, and then you got orange slices and cinnamon.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
All right. So the term crunchy mom.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I was going to say multiple uses. So for a single use, like a few cents.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Golly, George. Well done.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Oh, this is fun. Okay, you got Maybelline Skin Tint plus Vitamin C versus...
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Skintent with SPF 40.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
She does, okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Well done. All right, we're going Maybelline Skintent. I mean, we're going $7.99.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Yes. Wow, I think it's more pricier.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
It's a thing, right? So like define that. Like when you hear it, George, what are you thinking about?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
$48. Oh my gosh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
It's higher than that $48.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
That's where the issues are.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Dry shampoo, $12 versus...
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
You want talc-free... That's so true that you're putting less in there. What are they doing?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Yeah, to get the results, but then it's bad for us.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
We're not sure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Well, that was a thing like years ago, right? The aerosol. I love an aerosol though.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Love it. All right, we got Happy Perfume by Clinique versus Patchouli Lavender Roll-On Fragrance.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
All right, this is another thing about perfume, y'all.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Okay, can I be bougie for a second? So I look at like Chanel No. 5, right? That's been around since like the 20s.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
That's pretty bad. Like, do you know what I mean? It's been around since the 20s.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
No, I think they keep it pure. I mean, it's from, it's from like France. It's like they keep it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
No, they make it, but they make the same.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
It's like the classic. Do you think they changed it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
I would go like $40. Oh. And then the patchouli roll-on fragrance.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Roll-on, I'm going $55. Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Then stay with you, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Yeah, that is, that'll keep you up at night.
Smart Money Happy Hour with Rachel Cruze and George Kamel
What Level of Crunchy Are You?
Yes. And you know what? I had a story on Instagram the other night. I can't even remember what it was. And I think I showed, it was something in my bathroom because I was showing something. And I used Dove deodorant and I'm going to hell because I got so many messages. I'm like, Rachel, you cannot use Dove deodorant. This is so terrible for you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I know. I think the licorice came real quick on the tongue. Maybe that was from the tequila from the earlier drink. Yeah, the absinthe.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
let's talk about okay so our best episode george you ready for this and this is all on youtube so podcast we love you but they ran it on youtube uh was why short-term rentals are no vacation so we talked about hotels versus airbnbs and how the airbnb quality is really declining because lots of fees you got to clean it yourself like there's just so much work involved now with airbnbs it's not as turnkey and man people uh they love the episodes they clicked on it but they're
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
We had some love-hate to it, always.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
With some high-viewing episodes. But that was one of our top ones, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Definitely a Marg. Do you remember the episode?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
That's right. Yeah, having someone come in, make up your bed. I mean, so nice. That didn't happen in my house.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Or go to the grocery.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
To the grocery. Now, I will on a beach trip. I don't think I said that in the other episode. There's certain vacations that like... Yeah. But if you're going to be gone for like a long weekend, give me a hotel. All day. All day. All right. One of our other best ones was harmless purchases that will drain your bank account. So this was Evu's favorite episode. Yes, one of our producers. Yep.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
And it's like the little treats.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yeah, just have me a little treat.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Celebrate yourself. Just a little treat.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
All right, one of the worst. Man, this was my idea. Money motives hidden in shocking true crime stories. Listen, I love a good murder, you know? Just like when there's a story about a murder, I'm in. Give me a 2020. Give me a book. Give me a whatever it is. But I am listening. There's that new one with Anna Kendrick. She's directed it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
On Netflix. Yep. Serial killer.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Anyways, that was the most recent murder.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I hear you, and I will take your non-watching that episode to heart.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
That's not fun. No, but there were some murders like for money and murder for hire and how much they paid. It was interesting.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yeah, absolutely, for sure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yeah, because these podcasts and stuff, y'all, they're making talk about – on social making a lot. These other people are making a lot too. It is weird.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yep. Another worst one was explain investing like I'm a five-year-old. I thought that was a good one. You know, we were really trying to like, you know, be boots on the ground, cookies on the bottom shelf. We really tried to be like, hey, we're going to explain it in a way everyone understands. Not to talk down to people, but just like, hey, give me like that. Just simplifying some of the jargon.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yep. Give me the easy version. And they just did not appreciate it, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I'm not offended. I'm going to be honest. Might be a little offended.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I know, I'm going 10 out of 10. I mean, just that's a classic Marg. Sometimes you just need a classic Marg. I don't remember the name, though. Michael's Margarita? Michael Rita.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yeah, you can't win them all. But George, what was one of your favorite parts of an episode? Maybe the funniest part. Tell us that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Like where did you laugh the hardest?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
It's because I don't hear tone. I've decided that. I can't. My voice... Is that tone to you? We've talked about this, yeah, where you go, like, up and then low. I'm not good at the range. I'm pretty, like, not monotoned, but, like, my range is— You're a great talker. My range is limited. But people that can do impressions—I mean, it's impressive, and I can't. But anyways, Miley, I see you, girl.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
And I was praying for her, too. She's been on my prayer list.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
She's doing great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Reddish Rita. Reddish Rita? Oh, you did it!
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
The Lord is good. Is it daily?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Just whenever the spirit moves. When they come to mind? When the spirit moves. George, you should pray for people. It's just good for you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Okay, let's go. Maybe I should. Let's go to our next drink. We got this one right here.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
And this is in the fancy glass.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Mmm, this is a good one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Ow, that hurt my ear.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Oh, that was yours.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yes, very Ecclesiastes of you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
What do I enjoy? Yeah. Oh, we have puppies.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yeah. That's been like a part-time job, the dogs.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yeah. Well, that's controversial depending on how attached. Seven, eight, 12? The attachment theory. But it's about eight to nine is what we're doing. The vet said that was okay. Some people keep till 12.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Third time's a charm.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yeah. So I would say that's how I'm enjoying that right now.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I'm doing fine. We're good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Sweet George, I love that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
All right, let's do some rapid fire rounds. We're going to do the highs and lows, you know, the hills and the valleys of our year. George, you ready?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Here we go. Okay. Best meal of 2024. Go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I'm going to go—I don't remember the name, which is so not fun. It was a place in Dallas of sushi. Both Texas. You know what I loved about it? What? This is so funny. We drank the Corpse Reviver on this episode because it's a really hard drink to find. And I asked the waiter. It was kind of a high-end sushi restaurant, great bar. And I was like, hey, can you all do a Corpse Reviver, number two?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
And he was like, shoot, no, because we don't have, like, whatever, this thing. But I can do something really close. And he made me a great cocktail. I, like, remember it. It was great. Oh, wow. But I love sushi.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Tortured Poets Society? Yeah, Tortured Poets.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I was going to say Dead Poets Society.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yeah, man. I would say, oh my gosh, I'm blanking, but Haunted. What's the Haunted song?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I'm great. I think Taylor Swift's ghost from Who's Afraid of Little Old Me? May I come in here? And I said, how dare you not remember the name of my song?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Okay, I'd say that one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Can I go bougie?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I feel like we're very like, oh my God, we get everything on sale and we get dupes and like we'd love to save money, which we do. That is who we are. But also there is a time to spend money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
So I got a purse for my birthday in April.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I will. Because ladies who know purses want to know. Okay, so it's a, and people all pronounce it so differently. So it's either Goyard, Goyard, Goyard. I don't know. People have a different pronunciation. See, I can't do like, I can't.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
So... Where'd you go? I was in LA and for work. And Winston met me out there because it was close to my birthday. Yeah. And he surprised me. He said, babe, we're going to Rodeo Drive. Like classic, like the stereotype of just shopping, you know, pretty woman style.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
But I'm married, so it's definitely pretty woman.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
But yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yeah, a green Goyard purse.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Sure. And I like it because it's a little understated. Not everyone recognizes it. It's not like a Louis Vuitton where it's like, oh my gosh, everyone knows, you know, that print.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
A little stealth wealth, yeah. Even though the, like, the pattern... Like, I wouldn't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yeah, yeah, yeah. It's not a very well-known...
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Stop, stop. Okay, how about you?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yeah, and it puts some years on you, some wisdom on you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
What am I doing? What am I doing?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yep. I will say another great purchase. Winston bought a hoodie.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
from cozy earth and it was one of his favorite purchases of the year because cozy earth is amazing absolutely incredible uh we have their sheets i have some joggers we have blankets from them i mean they they are an amazing company like the quality is unreal yes i've had a lot of sheets in my life but my wife consistently whenever we put those cozier sheets on she would i was wow
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
And our episodes we'll put there, too. And the links to the episodes. Yeah. If you missed it, just in case. Because those are some solid episodes. Yep. Okay. All right, George. Category number one when we look back is pop culture moments.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
And they have a 10-year warranty on their bedding. So those sheets.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
For sure. And if you guys go to CozyEarth.com, you shop, use the code SMARTMONEY at checkout and you'll get up to 40% off. which is amazing. I mean, that's pretty incredible.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
2025 in a cup. Well, this is the podcast where two friends who happen to be money experts talk about what you're talking about. Everything from pop culture, current events, and money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
If you're above a two with another number percentage-wise, that's a great discount.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
So great. Okay, George, what's the worst purchase you made in 2024?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
We've got cozy earth sheets.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yeah, just failed you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
How about you? I know. I was trying to think. Honestly, top of mind, which is kind of lame, Caroline got a Halloween costume that was one of those blow-up ones, and it was a... I love the blow-up costumes. She's riding the flamingo. It was hilarious. And it broke within 15 minutes. Boo. I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yeah, still bitter about it. Best book of 2024. Oh, my gosh. I'll let you go first because you read a lot more than me. Well, I got to get my Goodreads app out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
First Lie Wins was a great one. The Boyfriend was actually really good, too. Ooh, The Only Plane Left in the Sky was September 11th. That was really good, too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
All right. Top one. It's got to be. Taylor Swift, because she is still on her heiress tour, and her romance with Travis Kelsey, which some people thought was an absolute, like, conspiracy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yeah, The Women. The Women was about the Vietnam War. That was good. Okay. Yeah, I'd say that. And then, like, from a spiritual sense, Practicing the Way, John Mark Comer. Oh, yeah. I just finished that, like, a few weeks ago.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yes. So good. I'm a fan of him. I need to check that out. I'm a fan of him. He's great. Just, I love it. Okay, that's mine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Really good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yes, always.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I love that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Okay, favorite live event of 2024 at Ramsey?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
That's mine. Was it really?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Oh my gosh. What did you like about it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yes, yeah. It's so true. I agree. I'm with you, yeah. Money in Marriage, so fun.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
That's right. Yeah, yeah. Some tickets are probably still available.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Favorite family memory of 2024?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Love. Mine's puppies. Worst financial trend 2024? Go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Crypto. Go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Okay. Best TV show or movie watched in 2024?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Nobody wants this. I'll take it with you. So good. Adam Brody, Kristen Bell.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Not kid appropriate, but funny. So good. Okay, real quick, money topics. One mistake that people should leave behind in 2024.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
And look who's made it this far. How long have they been together now? Look what you made me do. Take another sip of my cocktail because they are still going.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I'm going to go car loan. I think, like, it's just the dumbest piece of debt. I mean, genuinely, you know? That we justify. Yeah, you get a $40,000 car when you could have gotten a 10. I mean, like, it's just that, like, you know, that idea that, man, it's just a lot of money that's going out in interest with something that's going down in value. It's really tough.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Okay, so what would you say to someone that's fallen off the wagon this year? How do we get them back on, George?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
It's good. Yeah, I feel like money is such a reflection of who we are, because we're the ones that are handling it. And so I think there's something to be said about like asking more of the why, like what's causing me to continuing to go into debt? Why do I feel like I do overspend in this area. Why am I scared of the budget? Why am I scared to spend?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Like I have so much savings, but like why am I scared to spend it, right? Like going underneath that and understanding why. Because I feel like we can try to willpower our way. This is John Mark Comer in Practicing the Way. We try to willpower so much. And good intention is great. Putting good habits in place, not against that. But we can't just like tell ourselves to do better.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Just white knuckle it. Because human behavior, there's always an inflow. Something else is happening underneath that. And getting to that... and fixing, well, fixing you sounds shameful, but you know what I'm saying? Like, understanding why you are the way you are then the outflow of everything in your life is in a better spot.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Okay, so before we get to go to discharge, we drank some good ones, 10 out of 10. Let's give some honorable mentions to the ones we hated.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
The drinks that were no bueno.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
It was disgusting. We had the mocktail margarita. Not good. If you need a margarita and you got to do mocktail, just skip it. You go lemon drop.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Not great together. And then last was the Dirty Shirley. So this was a melted red popsicle.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Just sweet and syrupy and all that red 40. We don't need that. We don't need that. Get that out of here. RFK is not having any of it. We learned about that in 2024. Get those poisons out of here.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Oh, my gosh. Well, George, that was great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
And I think it's time for Guilty as Charged. And this is where our producer Kelly gives the same new Guilty as Charged question every week. And if we're guilty, we take a sip.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
We got to go real cryptic. Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yeah, no, but they could be healthy and say no and tell them the real reason. We're lying about it. Who does that? Okay, let's take it a step deeper.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Okay, I'm going to say this. When I say friends, it's not like my close people. I can totally be like, I don't want to hang out. I don't need to lie to them. But it's like the one or two removed. And you're like, shoot.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yeah, and you're just like, I'm so sorry. It's been a crazy week and we're busy this weekend. You know, we'll try it again soon. And then like, yeah, you put an Instagram story out there. You're out at a restaurant with cocktails. Do you do that?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
No, but I mean, I'm sure there's been times I'm like, we're just so tired.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
You don't have to give people a reason. That's very difficult. I feel you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yeah. Oh, man. Well, if you want to stay connected to us, make sure to check us out on TikTok for more entertaining videos of what's happening when it comes to pop culture and finance. Well, you guys, it's closing time. And if you enjoyed this episode, you should check out our episode about revisiting our on-air money advice from the past.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
That was a fun one. So you guys— Here's to 2024. Thanks for being here with us in the journey of life. And we will see you next year and next Thursday on an all new episode of Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
And we got Steven, who was on the horse. Love Steven.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
And he was on Dancing with the Stars. Oh, I did not know that. Yes. Was he good? Yeah, I think he made it pretty far. I don't know. I don't follow that show very much, but I kept saying it. But he'd like take off his glasses and like all this stuff. I mean, just so great. But he was like the specialist and he won the bronze for that event.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
And he got them like all in the all around to like actually, yeah, get the bronze for the whole team too. So, so great. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yep, so good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Just precious. The Coca-Cola Company is the longest standing sponsor of the Olympic Games and a relationship dating back to, wow, when Coke still had cocaine in it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I mean, that is a fact. Ask your parents, kids.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
If you needed that, yeah. But yeah, they spent almost $20 million for advertising.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
The Golden Bachelor became a thing. So I used to watch, I was a big Bachelor fan. Did you know this about me?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I watched, golly. Golly. Golly. Shucks. The Bachelor. Golly. I watched from probably 2007 to 2007. I bet I watched a solid 13 years of The Bachelor.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
There are highs and lows in the world. Highs and lows here on Smart Money Happy Hour. Highs and lows of drinks and cocktails. Like we got it all, people. We have it all. And we're about to jump in because this is a good year recap. That's the fun part of ending a full calendar year. You get to look back. We all need to do that. It's good for us.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Every season.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
But I stopped. I fell off the wagon. I fell off the wagon. Wow. I'm not back on. I'm still on The Real Housewives. They're on my prayer list.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Never went there. Never went there. Yeah, no, I don't know. I hear about them. It feels a little youthful for me. Interesting. I need older 60-year-old women on the OC. I'm guessing. Spending money they don't have. That's what I enjoy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
They broke up, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I watched it. He was a firefighter. We all loved him as high schoolers.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I don't know what they're doing now, but they're still married with like kids and like living their life. They are a success story. It's what they hang the whole franchise on, I think is true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
All right. Okay, you know what came out was one of the best movies, Inside Out 2.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
What? Jesus. Are you serious?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Oh, my gosh. Anxiety comes. And literally, it is so good. I think every millennial.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I think we all cried. I think we all cried. And you know what? I'm going to be honest. You know, I have my issues. Anxiety is not at the top. I know it is for a lot of people. Yeah, you're not a super anxious person. It's not at the top, but I relate. And you go there and you see, wow, that's how anxiety and joy try to coexist. And then they can't find Riley's self. Like, they couldn't find her...
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Sense of self. Oh, oh my gosh. That I could relate to. Where's your identity? Where's it going? And now your long-term memories. Did you take the kids? So good. Yeah, we did. Did they get it? Amelia, our nine-year-old kind of did. Yeah. But Charles, none the wiser. No, Charles and Caroline, I don't think really got it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yeah, he's not. And then Caroline is definitely not our anxious kid either. So she probably didn't relate as much.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
But yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Hey guys, I'm Rachel Cruz.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Oh my gosh. That has to be one of the highest grossing movies, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Okay, how about this? This gives me claustrophobia.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
The astronauts that got stuck in space.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
When I read about that, I was like, oh, I can't. I can't breathe.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I was like, no, thank you. No, thank you. I'm good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
But we can go to the moon, walk around, and come home, but we can't go get them. That's all I'm saying.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
That's all I'm saying.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
That's the other thing, y'all. And these people are married with kids. I mean, they have lives, obviously, on Earth. And then you get stuck with this person that you may or may not even get along with.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Can they talk to people on Earth?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
It's so rough. And I think Elon— Is it on mountain time?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Asteroid time. And Elon tried to get them because SpaceX is, like, advancing above NASA right now. Did you know that?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Crazy. But their spacesuits, something wouldn't be compatible with—
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
A lot of science to get up there. And, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I think I'd have to have double that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I mean, I would need, like... Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yeah, if someone's like you get half a million, I'm going to say I'm good. Not because I don't need half a million, but like to get up in space, no.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yeah, nothing about that. Would you rather go up or down?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Okay, versus scuba diving. Oh, you're saying down in the water. Go like Titanic.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yeah, so we're just sampling a couple of our cocktails from the past year. And yeah, pretty good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Okay, so that's more scary than space.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I would agree.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I would agree with that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
That feels right. Okay, here's a social media thing that went viral. And I honestly heard it here first. The team introduced me. And now, I don't even follow them, but they come up in my feed. It's Pookie and Jet. Pookie.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
And she's pregnant. Probably had her baby by now. But they became like this whole thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
And this is Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I think he actually went to a legit law school. Not that UT law is not legit.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Okay, here's a question for our world today. And this is not... I'm not judging them by any stretch of the imagination. But, you know, people like this that are on social media and they're just putting outfits on and having funny names like Pookie and all that. And they make merch. They get advertised. I mean, they're probably making, these people can make millions. I mean.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Make a ton of money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
So the question is, is there like a weird thing in society? I was talking to a guy, he's a lawyer for a firm that helps with like, within, like, lower income, like, does, like, really good work as a lawyer and makes, obviously, nowhere near that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yeah, and we were talking about it and it's like, man, is it, like, is there a weird thing in society that, like, people that are doing really good work... and helping the world don't naturally make as much as people that put out dancing videos. Go viral on social media.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Do you think this is where Rome collapses? You know that phrase?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Yes, and we actually have some faithful signature drinks that fans have submitted as well. So make sure if you're watching and listening, you know, be thinking, huh, did I submit that one or not?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Because being online, it's tough. And we have to be online a lot for just life, right? And what happens is our information is online as well. And we have to be careful with that because there are spammers, there are scammers, there are online thieves that take our information and they sell it to data broker websites. And these data brokers then sell your information again.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
And then they trade your information. I mean, all this stuff.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
For sure, especially if I de-theft all of it. So getting your information off the internet is very important. That's why we love Delete.me. Delete.me is a great service, you guys. Make sure to check them out. If you go to joindeleteme.com slash smartmoney, you get 20% off a subscription with them. Click the link down below.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
But for real, protecting your information in our world today, so important.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Top three. Check them out. All right, let's move on to drink number two, George. And we're going to talk about the best and the worst of Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
There were some worst. There were some episodes y'all just did not click on.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
All right, let's do the middle drink.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Does it have licorice in it? I don't know if I like that one. Okay. I'm going to go three out of ten.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Or four. I'll give it a little higher. I'll go four out of ten for me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Okay. I'm close. Okay. Good job, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
All right, George, let's start off with the first drink, shall we? Let's go here.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
And the ice has melted.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
This was the one I asked Michael to make. And I said four out of ten.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
No, I should have had you rate it before you heard how great it was.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Let's blame Michael. Maybe this wasn't his best work.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
The Corpse Survivor is amazing. Yeah, we love it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Literally love all of those things.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
I do that in my Vesper martinis. Yes, I do. I have Lilit Blanc in my house.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Thank you. Don't you, don't you talk down to me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Isn't that the part in a Vesper? You tell me. I'm pretty sure it is. It must be.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Ups, Downs and Lessons of 2024
Man, that makes me sad. I'm going to drink it just out of solidarity.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Number one, I do this. Track crowd calendars online to find slow seasons. So we did this because we went like at the end of January, which is a slow season, like past all the holidays and all of that. But you get, yeah, the hotel rates are cheaper. Usually the flights are cheaper. So there are ways that you can save if you go during like not a crowded time.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
It was cold. We had jackets. Yeah, sweatshirts on. So it's actually kind of cozy earth.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
It's so good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Interesting. Okay. Okay. So I've never used a Disney planner, not because I don't trust them. I just have control issues. And I enjoy it. It's like part of my hobby. I love planning.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I love planning trips. It's like a spiritual gift.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Boo, I know we are. It's called Smart Money Happy Hour. Can we just, like, have a little fun right now? Yes. And you just vent about how much you hate Disney.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
But they do know that if you've never been to Disney... use them because they do know the ins and outs. And it's a whole system.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
That's interesting that the park hopper wasn't worth it because we would hit two parks a day sometimes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
So if you stay on a Disney resort, like on property, certain resorts, you get the exclusive hours at night. So they'll open up Epcot from 9 p.m. to 11 p.m. But it does add on.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Not Magic Kingdom. That takes a full day. Animal Kingdom, yeah, could be half a day.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
BYO, everything. So you can stay off property, pack your own snacks and water, pack your own toys and activities. Don't buy the memorabilia there. Just buy everything. Bring it yourself. And I do agree with this. So I will Amazon Ears. Okay. Yeah, I, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yes, I mean, seriously, because it is so expensive there. I will say the food elements, last trip, I did less like bring your own bottle of water and all of that because there are water stations and different things. And again, if you're on a tight budget, then yeah, you could totally just like bring your own snacks, 100%. But like have a little bit, if you can, to enjoy some of the snacks there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Because some of like, there's some like famous foods, I feel like, at the Disney parks.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah, and there's like a croissant thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Do you have, like, statements you're about to give me?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
You know those videos of people eating on Instagram?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I guess I've seen people eat on Instagram. Here's the Chili's mozzarella sticks and they'll talk about it and show themselves eating it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Well, I went, I guess, because my algorithm last time I went to Disney, I guess, caught on that I was going to Disney. And they showed me all these people eating around Disney, and they make it look so good. And some of them were not great, but the egg rolls.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Mm-mm.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Good job, George. That's it. Yeah, that's it. But it comes from a cart in Magic Kingdom.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
But sure, I didn't concentrate that much. I didn't focus in.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
So good. Love it. Next, four parks in four days deal. So $99 per ticket versus the usual $150. That's amazing. I didn't know about this one. But all day, every day.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Okay, that's good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
And literally, I sat there and I, I mean, I almost cried. I mean, teared up. Had to, like, because it just makes you feel like anything's possible. Hey, guys, I'm Rachel Cruz.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Look at you, look at you. Now, if you are planning a trip, you know, there's going to be a lot of like Googling, looking around like, okay, what do I do here? And it's so easy to put your personal info out there on the internet. And the problem is people will find your info. And this is everything from your name, address, phone number, past employers. I mean, like crazy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Tell George Camel why.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
And they take your information and they go and sell it to other companies. But Delete Me will go in and delete your information forever. from the internet and from these Data Broker websites, which is just beautiful. It's magical.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Keep your info safe, you guys. Use Delete Me. They are wonderful.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
For sure. The dining plan. So I've never done the dining plan.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I don't know. It's a little confusing. I get a little nervous with it. But apparently it is a great way to save. So honestly, this is probably the advantage of using a Disney planner. Yeah. Because they're going to be able to like break it all down for you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yes, that is true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Not true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Except for Tony's Town Square and Magic Kingdom. Who's Town Square? Tony.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
The restaurant. It's like a really great sit down in Magic Kingdom. It's one of the only ones I would do. And the garlic bread with the cheese sauce is phenomenal. Wow. There's that too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Some of it is good. Some of it's not. Some of it's very disappointing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Sometimes it's really good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Like me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
It's great. It's wonderful.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
All right. Okay. So that's all the budget friendly. Let's go bougie, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
First and foremost, the private VIP tour. So this ranges anywhere from $425 to $900 an hour. You have to book a minimum of seven continuous hours and the party can include up to 10 guests. But you get a, and you'll see them around. They're in a little plaid vest. those Disney people, and then you know, is someone famous coming here? You look for the, who is this?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Maybe.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
And they get to go up to the front of the line. They go through the exits. Wow. You get back access to all the lots and all the things. So if you're going to go bougie,
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I mean, because the standing in line thing is the big thing. So if you can skip that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
There you go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Make a bucket list. I don't, if George came, I'll ever spend that kind of money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
This one Rachel vehemently disagrees with.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
To the Winnie the Pooh ride.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
That's actually a funny way to put it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
All right, number two is the fireworks dessert party. So $99 per adult, $59 per child at Magic Kingdom only. And treats at Tomorrowland Terrace plus VIP access to the Plaza Hubgrass for the best view of the fireworks.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
And I love the fireworks show at Magic Kingdom.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
This might be worth it. Can I say, I may or may not have teared up at the fireworks at Disney.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
It is so good. It literally makes you feel like... Anything is possible. Like, when that song comes on, and I watched the Happily Ever After version, and then I saw the other version, which I didn't think was as good. But the Happily Ever After, I mean, it's like this girl's voice and this man's voice, and then you see all, because they project. Here's what's crazy, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
They project things onto the castle.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
And it's what, the castle turns into all this. That was cool. It is wild.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
And literally, I sat there and I, I mean, I almost cried. I mean, teared up, had to like, because it just makes you feel like it's possible that you can do anything you want to do.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
And I was like, oh my gosh, I can go do some things with my life. That's what I thought.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I guess, because it taps on the emotions.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
That's what I thought too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Everyone has their story. We don't know what brought them here in that moment. But this, we all together believe that anything is possible.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Actually, yes. Take it around the world.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
True.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
True.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
This doesn't happen often, but when it happens.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
That worked at Disney and said, hey, just wanted to bless you and your family with a little gift. Didn't say what it was. So we go and check into our hotel and they were like, oh, you're on the club level. And we were like, no, we're not. And then the card said like, so-and-so, like, thanks again for all you do at Ramsey, whatever, with the guy's name. And he upgraded us to club at Disney.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
True.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Now, we did have to sit down with the kids to tell them that this is not normal. But, George, I mean, once you go club, how do you go back?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I'm like, man, get a beer after. They had champagne. You just like.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Snacks, drinks.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
It was a gift and I'm forever thankful. Forever thankful.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Is Victoria and Albert's dining experience. Oh my gosh, right? The main room is $295 a person. Extra wine pairings, $150 a person.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
That's a small percentage of people.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Okay, so Victoria's room is $375 a person. Chef's table is $425 a person. The most upscaled resort at Disney located at the Grand Floridian. There is a dress code. Oh my gosh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I didn't know this existed. But it's adults only, so you have to leave the kids?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I guess when they're old enough, like if they're in middle school and stuff, high school.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
No, no, it's at a hotel, the Grand Floridian.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
If you were staying at the hotel room.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Get them some food.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
For dinner.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Hey.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
They might be fine with it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
All right. The last one is the private fireworks cruise. Starts at $450 for a private boat ride up to 10 guests, which isn't bad if you split that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I guess. $45 a person to go on a boat and watch the fireworks at Magic Kingdom or Epcot. Oh, on the water. That sounds magical.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
That sounds fun.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
True.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
What if you did all these experiences and split it for 10, right? Because a lot of these are for 10 people. That would be fascinating.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Trying to rope us into your Disney trip, eh? I bet we get Ken Coleman on board.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Run him down the list, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I'm going to agree. Eight out of ten. I'm going to agree with seven out of ten.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
No, no. I will say, last time we went to Disney, we left and Winston said, can't wait to come back with our grandkids.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
That was it. Winston said that? That's the next time he's going to go, basically.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
It's when he has grandkids.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
He's done.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
It's all about opportunity costs. how you mentioned like, oh, you know, he just takes how much we spend and he's like, he's too analytical. We could do anything with this money and we're choosing to go to Disney with this money. Like it boggles his mind. Yeah, he didn't.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
And if we just let it sit for— Well, it's not even that. He's like, we could have gone to a great hotel in the Caribbean or something. Like, you know what I mean? Like, for what you end up spending with everything together, it's like, oh my gosh, we could have gone somewhere awesome.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Well, we'll keep going in, deep diving into our thoughts on Disney. But what we can both agree on, though, is not going into debt. And there was a stat that came out that 45% of families go into debt for this specific trip, this vacation.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
No, that's what I'm saying. It's like, you can't compare it. Like, it is not comparable.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
It's so much more fun. And I—
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
It is.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I just think, I think it is fun. And people are like, it's a waste of money. It's so stupid. And granted, I've only been four times. And I say only four. Everyone's like, oh, that's so, no. Some people go 20 times a year. Like, I'm not one of those people. I'm not going every year. But I would be on an every other year, every two year rotation for the rest of my life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
We wouldn't take Charles until he was, he just turned five, I would say that, four or five. Four or five. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah, I think so. Yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah, four and five felt like Charles could do most everything and had fun, knew what was going on, like all of that. So that was good. So I'd stick around there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah, and I think that's more the parents feeling that than the kid.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
My kids like Disney, but they also like Chick-fil-A. Do you know what I'm saying? There's a point that they just like having fun. They're fine. I think it's the bigness and the nostalgia of it is coming from the adult brain, not the child brain.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah, yeah, yeah. That's true. But again, for them to have that reaction, I bet that they're eight years old and older.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah, like Charles probably wouldn't have that, but the girls would. Like, do you know what I'm saying? To get even that reaction, it has to be a little bit older.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I hear people when they talk about talking to their kids of like, don't have a scarcity mindset. Like, don't tell them, oh, it's not in the budget because they're going to always, whatever, whatever.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah, and I'm like, I just tell them, we don't have the money for that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Some people would be like, that's like scarring them. Or like, I've heard some money personalities talk about this. Like, don't have a scarcity mindset because of like X, Y. And I'm like, that's not a scarcity mindset. Like, that's just a reality mindset. Like, this is realistic. This is where we're at. We can't do that. Right? So like, I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
So we both agree. Not a good idea.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
That's what I, I mean, personally, that's what I would say.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
That does steal the magic.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yes, yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Make it a whole thing. Make it a game. It's good. I like it, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
So we can agree on that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Not the one thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Spending your money, yeah, to get your time back, giving, saving, spending on experiences. Correct. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah. And again, you're not, yeah. And if you go by yourself, I don't think you get that same type of joy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
And when you go with people, I think it's great. I don't know. It's so fun. I'm so fun. Take me when y'all go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Oh my gosh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I'm just saying I would do any ride, and I'm very happy about it. I literally looked like this on Winnie the Pooh. I was like... Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
No, because I am focused on my next goal, and I'm walking quick. I've left my kids with Winston before. I have a traumatic experience like you. because I'm going the next thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
And then I look back, and I'm like, where are y'all two kids? Come on. You gotta go faster. Walk faster.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
So you keep leaving us. Oh, yeah. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
That's what I say, I know. So that's the only issue.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Maybe, maybe.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Oh, so good. Well...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
So fun. So fun. All right. Well, before we spill the tea in our guilty as charged segments, what's your rating?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I know. I was going to give it two. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I would say nine out of 10.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah, man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah, beautiful.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
So great. All right, now it's time for Guilty as Charged. And this is where we ask each other a new guilty as charged question every week. And if we're guilty, we take a sip.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Is this like a setup for this entire episode?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I mean, oh, man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Do you know they are? They literally have their own water system, their own grid for the electricity. I mean, like, they legitimately are self-sustaining. It's pretty wild.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah, I would say majority of our trips that we go on, I am the number one influence. And then I bring them along.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah, yeah, yeah. So, and Disney, I would put into that. Even though the kids are like, great to go to Disney. But like, I really want to go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Oh, no.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
You know, I would say majority of kids, the kids, because I'm not like swimming around a lot these days. Like I'm not like in the pool, like diving to the bottom.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I'm not like getting the rings at the bottom of the pool and like loving jumping in. You know what I mean? Like I'll sit out and like read a book. But I didn't build a pool to do that, though. We had a great porch I could read on. Does that make sense? So the pool, honestly, it was for the kids because it will entertain them and has for the few days it's been open.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah. So I'm really going to say that one was the kids.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Maybe the convenience of not having to go to another pool was nice.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Oh, do you? Are you a water park guy?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
It's all become one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
It's, I don't know. Okay, so have you been to Disney World, George? No.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Wait, what?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
You've always just wanted to open up a 529? Yeah. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I didn't take you to Disney. Like, I just feel like you need like fun in your life, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Okay. Wow. It's a very selfless thing to do.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Cute. We never had those, but I've seen them a lot.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I didn't do it from scratch. Let's not row past that, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Give you a clap.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
You built it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Good job.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Hey, we had play pens when I was a baby. Yeah. I don't know where those went.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
It wasn't like you were, it wasn't like in the 80s or 90s.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Okay. I didn't have those for my kids.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
But seriously, y'all had a baby pen for Mia.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Okay. Do your friends have them?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I have not seen those in years. I don't go to my friend's houses.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
You've been since then.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
yep so great well we hope you guys enjoyed this episode make sure to subscribe like it and if you liked this episode you'll definitely like the next one that is all about talking about budgeting being conscious when you travel and it's called what vacations are really costing you we will put a link below so make sure to subscribe so you don't miss an all new episode of smart money happy hour
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Wait, what?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
How old were you during that?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
And do you... Do you remember where you were in the park when you were abandoned?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Okay. So somewhere. But your mom was with you the whole time?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Wow. That really deflates the story, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
And this is Smart Money Happy Hour. Delicious. Lovely. Just like the topic of today's episode. Well, this is the show where two friends who happen to be money experts talk about what you're talking about. Everything from pop culture, current events, and money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Somebody was with you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
And you were going to be fine. Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Well, sure, yeah. I mean, back in the early days, I don't know. Okay, do you have any characters, though, at Disney that you're just like, oh, yeah, pretty cool?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Okay, so you are one of the Disney adults that we speak of.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Very much so. Do you know it's fascinating how much they stay in character?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
They don't break character. Like they are that character.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I know, but it's unbelievable. Winston and I, we went together before kids because I had a speaking thing there at one of the resorts. Oh, fun. And they gave us a two-day pass. That was like part of like the gig. Yes. So Winston and I went. This was like 2012 or something. Yeah. And I remember we went and stood in line for Snow White because we were in Epcot. And like, she was right there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Pleasure. We shake hands a lot. And I remember she was like, did you all meet at a wishing well? And Winston's like, no, we met at the University of Tennessee in Knoxville. And I was like, babe, just play along. But she didn't break. She was asking were my prints, if he was my prints. Oh, wow. I mean, they are full in character.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Well, he didn't know to even have it. He was like, oh, I think she's genuinely asking.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
No, it wasn't. He was like, oh, I'm just going to get her. He was just like, oh, no, we didn't meet at Wishing Well.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
All of it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I was always Belle. Belle was like my go-to as a kid.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
So I probably still... She had brown hair. You know, we always gravitated towards like... Isn't that like half of them? No, there weren't a lot of brown hair. Cinderella was blonde. Ariel, red. Okay. Snow White was dark. That's true. She was... Yeah. Okay. And I remember going and seeing Beauty and the Beast in theaters. And I was little.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I was probably like four or five when that came out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
And I remember going and seeing it. So maybe that's why too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah, we never had those, or we don't have those.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yes! Which one does she like?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Not quite.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
So interesting.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I know, they do. Yeah, early on.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
It is, early, early on. Okay, but there is a way though to experience Disney with cash, but that is going to cause some patience, delayed gratification. Like it's going to take a level, right? A plan to get there because to our point earlier, it has. It has gotten, it's very expensive.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
And if you have a family, four, five, six people in a family, like with the park tickets and everything, I'm like, you're dropping like hundreds of dollars a day just in the ticket, like let alone everything else. So it is, it's an expensive endeavor.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yes, that's right. Okay, what are some things that you think are 100% worth the money at Disney? Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Whoa, look at that, George. I thought we'd go a little tropical. You claim to be Middle Eastern. I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I agree. The lightning lanes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
They're switching it all up again, though.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah, and then they were switching it. I don't know. But I agree with that one. I think that's good. Yeah. I think maybe one character meal that's strategic is worth it. Meaning Cinderella's Castle, you can meet like five princesses by doing that meal versus waiting in line to meet them throughout the day.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
And certain ones are at Epcot, certain ones are at Magic Kingdom. Like they're spread out depending upon the princess. So at that specific character meal, you can meet five of them like during the meal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
So you kind of like killed two birds with one stone. You pay for it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Five birds with one stone. Thank you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah, they're getting better. They got Ratatouille and they have Guardians. Did you do that one?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
It's like the craziest, it's probably the craziest roller coaster I've ever been on.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Wow, that intense? Because you're like in these buckets and so you're like turning and doing the roller. It's like you're off on your own. It's wild.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
It's so good though.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Love it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
And they put stuff like in the air. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Uh-huh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Oh, good. Hollywood Studios. Different park. But it's fine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I love critiquing you in my Disney knowledge.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Okay. Would you, have you done Universal before?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I've not done, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Okay, I've never been universal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
You know? Because it's got Jurassic Park.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Harry Potter World, which I have never seen.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
It shows.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I've never read the books. I've never seen the movies. Nothing about Harry Potter. And again, not because I have some religious conviction about it. I'm not into fantasy stuff. It's not really my thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Murders and kidnappings.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I know. But I tried watching it with Amelia because Amelia's friends, they were all watching it. And y'all, I mean, within like 15, 20 minutes, I was like, this isn't good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I did not enjoy it. Did the kids? Yeah, they watched. Yeah, they've seen them all. I just don't, I just don't, I can't get into it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Actually, that'd be really interesting if you had to pick Disney or Harry Potter, which is very broad, I guess.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
And they're not Team Disney. And Disney people, I don't know if they're like Harry Potter people.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
You think so?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
We're more childlike, and Harry Potter feels like we are a step above immaturity or something, which is not true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Okay, George, we're pretty opposites in life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
It's true. Okay, well, that's one thing that I... Okay, so Epcot's your favorite park, though, at Disney? Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I'd say, yeah, Epcot's fun. What's your favorite? I think Hollywood Studios or Magic Kingdom.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I don't like Animal Kingdom. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I know. I am learning that about myself more and more. It's not that I don't like animals.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah, I'm not an animal person.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
I would probably, I would end up with a dog eventually.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah. But yeah, I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Actually, polar opposites in life, including the topic of Disney. So we'll just give a little like, just a little snapshot. Sure. I'm going to use one word to describe Disney. I'm going to go with its tagline because it is true. It is magical. There's just something magical about it, unlike any place on Earth. All right, George, go and be the Grinch.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
It's okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Oh, Chef Mickey's is in the Contemporary Hotel, and it's a character meal, breakfast, lunch, dinner.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
And you meet all of Mickey's characters. So Mickey, Pluto, Goofy, Minnie Mouse, all the things.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
No, you don't get it. Versus the budget? Yeah, no.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah, you don't get Chef Mickey's if you stay at the Contemporary.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yes, I know. Yeah, we've stayed at the Contemporary and we've never done Chef Mickey's, if that helps.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah, you're welcome.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
So neither are we. Okay, I will say something that is always worth it though is wearing Cozy Earth at Disney or not at Disney.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
But in life. No, really, Cozy Earth, the quality of these products are just incredible. And this is everything from like the sheets to the blankets, to the joggers, to the robes, to the socks, like anything and everything Cozy Earth makes is, what do they call it? Chef's kiss? Not Chef Mickey, but Chef's kiss. You're welcome.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Yeah, and you put some ears on.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Oh, you're not doing Mickey ears with Cozy Earth, though?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Oh, my gosh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Cozy Earth, wherever you are, is fantastic. Absolutely fantastic.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Amazing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
No ears, George. Anything? Would you wear anything?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Oh, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Who's fooled by this? Yeah, you're a dude. I probably wouldn't do ears if I were you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
He did wear a Mickey t-shirt, though.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Mickey tee. Yeah. On one of the days.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
He had had it for a few years when we went on a Disney cruise like five years ago and it did shrink a little bit.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
Oh, man. Okay, well, we did some research, you guys, to talk through some of the bougie things of Disney versus the budget-friendly ways of Disney.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
People came out of the woodworks for you, huh?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Disney Reality Check: The Good, the Bad and the Magical
This is so good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
They took spreads out in Seventeen Magazine. You'd open up Seventeen Magazine. There would be Jennifer Aniston.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
All the Friends cast with their.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Oh, yeah, because they got to pay the celebs. Oh, my gosh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
She has a good heart.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Sugar crunch.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
It's so true. No, mine are like Trader Joe's bracelet. It makes me feel better.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I got a Costco organic chocolate, like, oat thing that I feed them.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
And Honey Nut Cheerios.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Okay, for real though, breakfast, I do think breakfast is important. Starting your metabolism, getting energy for the day.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
That's so true, not to eat until lunch.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Are you a breakfast eater?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Fancy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
All right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
The free trial, if you will. You give them your information to sign up for the free trial, and then they start charging you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yeah, a little chewy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Oh my gosh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I'm not. Yeah, if I'm like on vacation, I enjoy breakfast. But if it's like normal, I'll do my protein shakes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
In the morning if I work out. If I don't work out, I get the fig bars from Costco.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I don't work out, and I'll grab coffee, bat, and eat in the car on the way to work.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
No, but my protein shake, it does fill me up, though. It keeps me full.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
And I think the smell is big, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Turkey, pepper jack cheese, lettuce, bacon, tomato, and honey mustard in a wrap. Heated. Toasted.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yep, we had that in our house.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Mom and dad were strict. You have to sit there and eat. And sometimes it was down to like, you need three bites of that. And we would, y'all, in protest, we would sit at that table and the food would become cold and solid. Oh, gosh. And they would not let us get up until we ate.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yes. So that is one. But they have the sell-by date.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
It wasn't that it had to be clean, but it was like, no, you have to have three bites of that, whatever, whatever, whatever. And yeah, we, uh-huh. But you were like celebrated if you cleaned your plate.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
The clean plate club was a real thing. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yeah. Now, I do like when my kids clean their plates. I know they're going to be full, and they won't ask me 45 minutes later and tell me they're hungry.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Oh, and you're just like, we just ate dinner. I just cleaned the kitchen. I swear, they watch me dump the plates. We're in some kind of dishwasher. We're so hungry. Oh, my goodness.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Right? Where stores have to... you know, stop allowing the food to be on the shelves and they have to get rid of it, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Look at that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I found some food. It's frustrating. It's frustrating. And see, I'm the opposite. My eyes are bigger than my stomach.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
The potatoes, yes. And we'll do the spinach. Someone will eat it. And then I eat like four bites of everything. And I'm like, I'm good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
George flew from New York City to Nashville, put a bag of ice at his hotel, put the to-go food in the bag, and flew home. Flew home with food. I can't believe you did that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I cannot believe you did that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
How much? I want to say... Like 200 a person?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Oh, my God.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Out of spite.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
They did.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Like hush puppies.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yes, which is tricky because if you see a date on a package, I immediately go to... You see sell-by. I see expiration, but it's not. So you got sell by, you got best buy. So it's like the optimal flavor of the product, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
That's exactly what we were talking about.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
All right, let's talk about regular appointments. I'm going to go down a list, and let's just do a quick hit.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Okay, ready?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Dentist. Scam.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Oh, wow, look at you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yeah, I think it's a scam. No offense, dentists out there, but. Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I bet they are. This is their living. I get it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I know. How are your teeth perfectly straight? I never have braces. But I will say I got a gomectomy last year. Do you remember this whole thing?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Do you remember that?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I always had small teeth. That was always my thing. And I kind of was on a kick of like, I don't know. It was one of those things like if you had to change anything. I'm like, I think my teeth, I would have made like, I would have bigger teeth if I could. And I went to this dentist. Yeah. And he was like, well, veneers, you know, you can go to all these options.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I'm like, I don't know if I want, you know. He's like, well, we could do what's called a gumectomy. And it's gross. I'll just tell you. But they basically laser off part of your gum to see if you have more bone, more tooth up there that the gum is just overlaid. And sure enough, a lot of tooth. A lot of tooth up there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
But my gums have settled. They're not as big as they were because he did tell me the gums may settle. So I did do that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Thank you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I know. So anyways, maybe it's genetics, but I do think twice a year. Silly. Okay, chiropractor?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Winston goes. Winston's a regular.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Okay, that's fair. I will say Winston goes regularly. He actually went today at three. What does he think? He was having like neck stuff and they took an x-ray and legitimately-
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yep. And then we got expiration date, which is the manufacturer's guarantee or responsibility for food safety. What do you think?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
What if they have... What if it's like the air filter? And they're like, this is a different x-ray. Oh, man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
But we did get recommended this chiropractor from a really great reputable friend.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
They will. They probably will.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Oh, my gosh. Massages. Massages.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I do think that's real.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Fair.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Okay. I got an injury thought coming up next because we got physical therapy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I broke my toe two years ago. Do you remember this? I broke my toe. I don't know why you'd remember, but I broke my toe, ran into the door.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
So stupid. Did you have a little like toe cast? What do they do? They just wrap your toe. Oh, okay. It was so stupid. You kicked a door? I kicked it while I was walking fast. And my, yeah, my foot hit the frame of the door.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Nope, just during the day. I just was walking fast. I had a purpose.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Nope, it was the frame. I mean, I was just walking fast and I just didn't angle myself right. And my foot hit the... Yeah, my big toe was fine. But the rest of my toes, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Well, one broke. Oh my gosh. Okay, let's focus. So one of my toes broke and I went, they got an x-ray, fractured. I was like, this is so, I was so mad. I was so stupid. So then they make you come back. To the orthopedic. Like, a lot. To, like, relook and all that. And every time you go, you're paying.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yeah, and after, like, the fifth time, I was like, I mean, I think my toe's the same. Like, I think, like, it's fine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
So I just stopped going and have felt fine since.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
So I think that possibly, probably overcautious. For the average person. But I question how much you gotta go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Oh, I thought... She was gonna PT school.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I thought she went to school. I was like... Wait, this has been a big adventure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I didn't get a graduation.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Just do bar, and it's kind of like PT. Oh, man. All right, George. So what do we think about all this?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
That's fair.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yeah, the pressure is there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
They do. On a lot of these areas of life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
That's what I always say. Oh, yeah, let me look at my calendar and everything and I'll call you back.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I play the calendar card more. Let me look at my calendar and kind of get some dates situated and I'll call you back and reschedule.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I went to Firehouse Subs last week.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
And they went to Jersey Mike's today. What? I just love a sub, you know?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
No, but Firehouse did ask me to round up for the local fire department. And I said, yes, because I thought, why am I being stingy with 63 cents?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
So I might be a rounder-upper these days.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I know. So, yeah, I round up now. So I've decided.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
No, but they had the worst E. coli breakout in America. It was like 20 years ago. Do you not remember that?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
So good. Well done, Mr. Camel.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Oh, man. So good. So just be aware, you guys, money can easily slip out of your hands if you're not careful. But there are some great things in life that we should be, you know, as a society. joining forces with because it's good for us.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Unless you drink a lot of unpasteurized.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I did buy fish sauce for something. I saw it there in the refrigerator.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Very much so. Why do we need a 12-ounce?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Now, any time... So this proves the point.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
But one thing I can be confident in is that Cozy Earth has some of the best quality products, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
On this planet. And in fact, I got a lot of Christmas gifts this year for people. Via Cozy Earth.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Because it is so great. I'm like, people have to know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Or the pajamas or the sheets. And I went through and I bought new lounge pants and a shirt. A little something for you too. I did. I Christmas shopped myself. You're that person. Because they were running some good deals at the time. But for real, Cozy Earth, you guys, their products, fantastic. Like, the quality, it's worth it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I wasn't really concerned about Jack in the Box. You didn't watch the nightly news?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Like, that's one of those things that you're like, I have, like, a Target sweatshirt that's, like, really silky and nice. But you go up against the Cozy Earth and you're like, oh, no, this one's way more, like, you can tell. You can tell a small difference.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
That's a great percentage off, so.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
For sure. All right, before we get to Guilty as Charge, what are we sipping on, George? We are sipping on the Amaretto Sour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
You know, I'm going to go 9 out of 10 too, George. It's not a 10 out of 10 because I don't think I'd probably always order it at a restaurant. But if all my friends came back and they were like, Amaretto Sours, I would be like, team, yes, yes, yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Okay, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
It's like a hazelnut. Yeah, there's like a nutty...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Thank you, Ibu. She did it for us.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
All right, now it's time for Guilty as Charged. And this is where our producer Kelly gives us a new Guilty as Charged question every week. And if we're guilty, we take a sip. Kelly?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
But it can Harper...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Shoot, you know the lie I tell my kids a lot and I need to start unwinding it probably. Soon. Is that they're going to get arrested. What? What a. Not only in the car. Because they're not putting on their seatbelt or they're not sitting. And I'm always like, if the cop pulls us over, you could be arrested.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
a negative feeling towards the brands if it makes national news like lettuce was a big one remember there was lettuce e coli for a long time i was like i just won't eat salad fine i twist my arm twist my arm don't touch the stuff i'll say no just yes to the gluten-free pizza okay uh you know who's the worst at this when we go through her refrigerator refrigerator sharon rams y'all
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I just say arrested. And they all freak out and sit down and put on their seatbelts. Wow. I know. I should stop. You put the fear of God on them.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I guess out of all things. And then now every time they say cop, they're like, are we okay? And I'm like, oh, shoot. We need you to be like, no, they're for us in our community.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Oh, my God.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
That would be so traumatic.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I think even just getting pulled over is scary.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Oh, they make you feel like they're going to wreck.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Okay, so you were threatened with an arrest, threatening my kids. Are you okay? You're okay in life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Oh, there you go. Uh-huh. Isn't that funny?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
That is one thing. Dad would yell at us if we turned the light on. My dad does the same. He told me it was illegal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Okay, but my kids do it now, and I'm fine. I'm like, what is the big deal? Did Windows change?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Maybe that's what it is, but I'm like, it's really not that big of a deal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
And maybe it was. Maybe it was like brighter. Now they're like dim to a certain level.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
No, we played with Barbies on the floorboard. We never wore seatbelts.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
How big was this floorboard? We had an Astro van. Oh, wow. We had a blue Astrovan growing up. And yeah, we would, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Oh, yeah. And then why am I threatening my kids with arrests? I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I can't wait to hear it because we all have that as parents. We all have the thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
It's all about control.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Oh my gosh. So good. Well, oh, that was a great episode, George. If you guys enjoyed this episode, make sure to subscribe, share it with a friend, leave a review. We love hearing from you guys. And we have a great episode on ridiculous things people spend their money on coming up next, or we'll put the link in the description.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
We'll see you guys next Thursday on an all new episode of Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
There is stuff in there. And what does she say? It's fine. It's fine. I mean, bad. What does your mom know that we don't? I don't know, but she's fine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yeah, no. No, no, no, no. Do you? What do you do?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Can I give you examples and you tell me what you would do? All right. You cook chicken. have some extra chicken, put it in the refrigerator because you think, oh, we'll use it later this week for other recipes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yep, cooked chicken. But you don't. How long?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
It's a toss for you, okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Hey guys, it's Rachel Cruz.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Fair. Yeah. Five day? Five day. Five to six day. When we're hitting a week, I get a little nervous with like a leftover situation.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
No.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
And this is Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Thanks for saving lives, Whitney.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Winston Cruz. Are you ready for this story?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Are you ready for this? I left pimento cheese, pimento cheese, overnight in the car because I forgot about it in a grocery bag. The next day I see it and I was like, crap, because it was the jalapeno. I love pimento cheese.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
And I was like, shoot, I totally forgot about this bag. Winston's like, I don't care. I'll eat it. I was like, no, just put it in the fridge. I'll eat it later. Ate the whole thing. Man of steel. And I would not touch it. The whole time I was like, that's dairy. Dairy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Well, and he claims in Europe, cheeses and meat sit out overnight all the time. There we go. But Europe's a different story. Let's just be honest.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Better situation we have here.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Delicious. Well, this is the show where two friends who happen to be money experts talk about what you're talking about. So everything from pop culture, current events, and money. And what are we going to sip on, George, while we're chatting about this?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Gross.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I mean, if it's the date of expiration, it's out. Like... And I have a very sensitive nose and I can smell that stuff.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I agree.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Condiments. We'll go six months to a year on a ketchup. Okay. I feel okay with that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
We do, yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I know, I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yeah, but it's all sealed. And it doesn't have to be refrigerated. That all feels preservatives to me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Well, that we're putting it in our body in the first place, sure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
But everyone's feeling great. Right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
That's what I would want to wonder. Yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Did you shake it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I always do my lotions. I'll like kind of mess with the bottle.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yeah. Okay. Yeah. I have makeup from a long time ago that I still use.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Especially makeup. Yeah, and especially if it's like little things and you just need like a dot every now and then. And you're like, I don't like, what are you gonna do?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I will say.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Man, I had stuff from high school through college. I mean, I kept stuff forever and ever.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Not today. No, but I wish. If I could go back to that warm vanilla smell, that would take me back to the mall in seventh grade.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
No, it was Warm Vanilla.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
It is. My bachelorette party 15 years ago. This is what we all drank because we were young.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
It was called Warm Vanilla. I'm pretty sure it was. I think it was Warm Vanilla.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Oh, I love this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Oh, man. They always tell you you need an oil change. I say marketing myth. Winston would say needed. He's big on oil changes, like taking care of your car. Me, eh, it'll be fine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Are you an oil changer when it's like it's time? Because I think my car indicates it later than the little sticker they give you up at the top.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Because they want you coming in more. And they also come to you and they're like, well, your tire, your engine, your whatever, whatever. And I'm like, all of you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Me too, me too. Yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Also, I'm like...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Oh, wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yeah. But you do it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
The blend. I'm sorry. Okay, okay. It's a blend. Wow, you're so bougie, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
That's right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
It's got nothing. It's a computer.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
That's pretty wild. You just got to change tires.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
That's it too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Good for you, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I like that. Okay, how about the next is the free trial, if you will. So you get in, you give them your information to sign up for the free trial and then...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yep. Okay. So I'm like the resident conspiracy theory person.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
They start charging, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Oh, so smart.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Wow, good for you, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yes. I've gotten scammed a couple times with just taking money out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I know, which is one reason Delete Me, though, is a subscription that I am all about because in our world today, how often we put our information out there and data brokers will go and buy, sell, trade your personal data and... Out there, they're making money off of your data.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Friends here, right? And I know there's many of you out there. Thanks for reaching out. Appreciate you. But, you know, one of the conspiracies I think though is that like companies will do things to get you to buy more of the product, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Yeah, and then they send it all and then you get tech scams and email, all this stuff. It is frustrating. Like if you go and buy, like I bought tickets to something and I swear they sold my data.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
With all these other random like ticket company stuff. And I'm like, oh my gosh. But Delete Me goes in and they swipe all these data broker websites and take your information off.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
It's amazing, yeah. We'll put a link down below because we have actually a discount for...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
All right, George, how about good return policies? Good being in quotes, if you will.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
You send so much stuff back in life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
This stuff is just getting returned as we speak.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
As we speak. Okay, you know one scam that got all of us in the 90s? Got milk.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Do you remember that whole campaign?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
It was everywhere. Every celebrity had like a milk mustache. Like everyone, the milk.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
And where did it go? Did like almond milk override cow's milk? Like what happened?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Isn't it weird that we were told as kids you had to drink milk? Like you had to drink a glass or two of milk because your bones are going to be frail, calcium.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
And one of those, expiration dates.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
We buy milk every week because my kids like cereal, but I don't eat cereal. So a glass of milk. I cannot tell you. You?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
So I'm saying, did nuts take over... I don't know. And here's the conspiracy. I'm not blaming dairy farmers at all. Just go with me, people. But like, did they have some stake in how much milk was being sold across America that funded, you know, the FDA to promote the milk and then they made a lot of money on the back? Like, is there a cahoots happening?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
And then one day, the farmers were like, we're good. We don't need all this milk.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
And then they stopped the campaign. I don't get it. Who funded the milk campaign? Milk?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I don't know. It is a very interesting thing. It scares me to death. They got me. So even if it is a conspiracy, I am one that I don't do well when I see that something is expired because I immediately think food poisoning.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I mean, it's a dairy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
Exactly.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
I know. But I do follow Valerie on a farm who's like a homesteader.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
She milks her cows and just drinks that sucker right out of the jar.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
No plastic. The jar. The glass jar.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
So something's right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
2014?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Sneaky Marketing Tactics That Aren’t Your Friend
2014.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yes, because we all had deals.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yes, with the Apple. Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
With the Apple. Listen to me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
With the Apple side, it was a big deal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yes, totally.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I get... No, I think that was us. I put viruses on ours. Oh. A lot, I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah, and a tray comes out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
It was bad, yes. Gosh. Simpler times, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
It's so great. Well done.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I could have been on Kazaa all day downloading illegal songs and no viruses would have come.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
No, but Delete.me is an incredible service because unlike us not being on the internet a ton in the 90s, today we're on it all day, every day, right? I mean, like you are on it constantly. Your information is out there. You're filling out forms. You're doing stuff. And so because of that, people will get your information and sell it and make money off of your information. It's terrible.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I'm looking at you, Kate. That's right. Shout out to Kate. Exactly. And she had the cool tube socks in the sixth grade.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
And then you get scams and spams and all of it. So Delete Me goes in and removes all of your information from these data broker websites. And they're phenomenal, you guys. They have saved me over 60 hours now.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
No, because their annual plan that's 20% off for listeners of Smart Money Happy Hour, it comes out to like less than like $10 a month is what it ends up being. So... It is worth all day. Oh, gosh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
A 64-pack of Crayola crayons with the sharpener built into the box.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
100%.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Oh, this was me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah, I got mine from Limited Too. Makes sense.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yes, was, yeah. And I had two rows and I put them. It was very difficult because if you shut your door, because they were on the outside of my door. But when you shut your door, they would come in. So you had to like... Move them and then shut your door.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah, it's very difficult.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Dude, I made it very hard on myself.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I just know Christina Aguilera and Britney Spears, like their first albums had like beads. It was just like a, it was a thing. And then I moved them from my doorway to behind my bed on my wall.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
The socks that were up, and then you just crinkled them a little bit up at the top. Oh, that was the thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah, I had them then as wall art.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
As wall art. Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I never did it on the ceiling, though.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Jonathan Taylor Thomas. He was my first one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Do you go to like... Where were these from? No, because they were rolled up.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
100%, yes, yeah. Oh yeah, we had all the posters. Mine, I was not covered though. I did have a bulletin board that I would tack on my CD. I would buy a CD and you would take the cover out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Open those up and make a collage. That's fun. That was super cool.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah, just really embody who you want to be.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
All the way around.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
They don't do that anymore, right? Kids don't tape up. I mean, they don't like cut magazines. I mean, no.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
And you know what? It's kind of back.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
My girls do hang stuff on there, but that's like art that they make and stuff, but they'll tape stuff to their walls.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
It's a little lower for the Gen Z-ers, but they're here.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I know, home improvement. He was so cute.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
He had his little hair that did this, you know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
He was so good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
He did.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
All right, next up is the pool table.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
If you had a pool table, a foosball table, air hockey, I mean, if you had a table of games.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Well, that's like a, yeah, that's another level.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
No, we did not have a pool table.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
You did?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Oh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Have you done it yet? No, no, you haven't.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
So fun.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yes, I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
It's like they're like a basement thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Especially not in Nashville. I feel like Nashville's on a basement community. I feel like you go to like Minneapolis basements. Interesting.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Some of our best friends live there. They always talked about how Nashville, like Tyler knows, Nashville like never has basements. And they were like, this is so weird. Every home has a basement there is what they would say.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I see that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
That is a lot. That and the computer. Still high for me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Okay, next. This is what we felt like was real wealth, George. A 64-pack of Crayola crayons with the sharpener built into the box.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I haven't done it. The socks?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
When you had, like, turquoise as a color in your crayon.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Just so crazy. So crazy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I don't know that I ever had it. Kids don't appreciate crayons like we... We had.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I don't remember. I remember gel pens being a big deal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
That's what I'm saying. I think at school and stuff— I'd be scared of theft. Yeah. We had gel pens that you would wrap a scrunchie around to keep them together.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Gel pens were fancy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Oh, those were cool, too. You ever get into those? Yes, those were cool. Just sniffing markers.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Who knows what happened to us? That's why we are what we are today. Because of those scented markers.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
This is fine. Just sniff.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
All right, next up is the North Face Jacket. Oh, this was like high school for me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
The fleece North Face Jacket.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
So true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
That was my senior year. Party's over. That was the pinnacle of senior year was that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Oh, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah, we don't need to see a sock.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Oh, really? Yeah. Because y'all actually needed one in Boston. We didn't really need them in Nashville.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I guess so. I mean, it gets cold here. But they would get gross too because you throw them in the back of your car and like, yeah, they weren't like flattering either. They were very bulky. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
The fleece jackets come back?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Oh, it has stayed strong. Yeah, now Patagonia in college, that was the fancy, fancy people.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yes, yes, 100%.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I mean, yeah, they're fancy. Oh, this one is so true. Lunchables. Chef's kiss. If you had a Lunchable...
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
That's good. That's good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
The pizza was the... Yes, because you could get the ham and cheese cracker one. If you had the pizza and you took that sauce out of the plastic thing and dribbled your cheese on top... I mean, it was. People watched it happen.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
With some caviar on the side.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
That's how it felt. I mean, it was... And it tasted like nothing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
See, but I thought they were so good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah. Like the sauce was like, meh. But parents would never buy it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah, it's true. I know, I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
So fancy. Well, today's price for a Lunchable is $1.77.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
You know what we have though, and we use it in the summer a lot. I don't pack them for like their everyday lunches, but in the summer, Uncrustables.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I will do that. Yeah, I'll throw Uncrustables in for like snacks and stuff.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah. It was all the individual snacks because mom never bought individual snacks because I think they were too expensive. You just get the big thing and you pour it in the baggies.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
So I always had the baggie. I never had like the individual wrapped thing. That's fair.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Hummus wasn't cool. So no one was, like— She was so ahead of her time, Ms. Campbell.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Oh, good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I mean, seriously, people flocking out of Mediterranean food.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Oh, yeah. That's what they want now. It's crazy. Okay, next is the Juicy Couture tracksuit. That's a lot.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Nope, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
No, no. Victoria was pink. Okay, so I never had the Victoria's Secret pink line. That's the one, pink.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
But I did have a Juicy Couture outfit. I did. Mine was purple and Denise's was pink. We got it for Christmas one year. I'll never forget it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Because the zipper was even a J on the jacket. I remember that. Wow. I remember that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
They got money. Well, it's funny, because the Amy Poehler on Mean Girls, the mom. Oh, yeah. Who's like, you know, I'm not a regular mom. I'm a cool mom. She had a Juicy Couture, like, pink suit. So, like, that's what I think of. That's, like, the pinnacle of, like, oh, yeah, the Juicy Couture.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
$220.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Oh, that's a fun one. Okay. I love it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Oh my gosh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
That is actually quality and beautiful. Anything from Cozy Earth.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
That's what I would do.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Give me some joggers and like a nice like hoodie that maybe same color. I'd go monochromatic. Not mad at the monochromatic juicy like thing that they're doing there. but give me like a gray, gray all day. And from Cozy Earth. We love monochrome. Because like the Cozy Earth stuff, the quality is amazing and it's comfortable. Like it's actually like silky, wonderful, wonderful material.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
The bamboo stuff or like sheets.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
It's like you're just swimming through life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
For sure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
It just feels so good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yes, he got the hoodies and he got the socks.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
One says earth and the socks.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
He genuinely would say thank you. Thank you for this because he loves Cozy Earth.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
And let me put a little asterisk that I think some of these items, possibly, I haven't looked at the full list, but some of these items may have been more expensive before. Back in the 90s, right? From like an inflation standpoint. And they've gotten cheaper because they... Technology. Yeah, yeah, yeah. Because they're more available, if you will, right? Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
It is amazing. Cozy Earth is incredible, you guys, so make sure to check out their products.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
All right, next up, George, is the new backpack every school year. And if you had an L.L. Bean or a JanSports, you were something.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
What?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
The Timu version of Jansport.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
We were Jansport.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
You know what else came to a trend, which is so funny? I forgot about it, but... I'm trying to think what grade I was in. I may have been like high school, y'all. We're the side messenger backs.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
We had like these messenger backs, y'all, and that was our backpack. Wow. Yes. I don't know why we thought they were so cool, but that was a season. I remember that. That was the vibe. That was the vibe.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
There you go. You know, oh, you know the other fancy one? It may be L.L. Bean. It was the multiple layered one. Do you remember these? It was like, they would be like pink or orange, but they were like... Really long. Because there would be like four compartments that went out. And they were backpacks.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I believe it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
All right, last but not least, George. Custom ringtones. Do you remember those? Instead of the... How can you not?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah, I did it. Did you?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I'm trying to think, but it's so true. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yep.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah, I had Nokia. Yeah, I had that one. And then I went to a flip phone with an antenna. I thought it was so cool.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
No, I had a BlackBerry.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I had a BlackBerry. That's when I was in college. I had the Razr when Winston and I got engaged. I remember I had the Razer phone. And then my next one after that was a BlackBerry Touch. Not like this. I didn't have the old school BlackBerry, but mine was the touchscreen one. It was trying to compete with the iPhone.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Not great, because then I moved to a Droid after that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
And then I went to an iPhone. You know what? I didn't leave and cleave because Dave hated Apple products, and I just stayed with that opinion.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah, and I stayed with that opinion until I was like 24, and I was like, why don't I just get an iPhone like everyone else? But I had the BlackBerry Touch, and I thought it was so cool.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Oh my gosh, the trampoline. That's a big one. We got one when I was in the fourth grade. And no net. Nets didn't exist then.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
We're in the future. This is crazy. Crazy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
It was amazing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Good night, Mr. Technology.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
That's amazing. Okay, so some takeaways, George. So listen, I think the appearance of what we think in the moment is cool and awesome. Like, it fades. Like, trends come and go. And don't ever, like, set your identity or your happiness or joy, like, on that thing. To think, like, I will be accomplished. if I have that juicy track suit, right? Or like whatever the thing is.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Because the trends, they just change constantly. And I do feel like there's still that comparison trap that there was then, but it's harder now because I do think you see way more content and images and all of that today than you did then. So I think it's an uphill battle. It's tough.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yes, it's more normalized. That's right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yep, totally. And I would also say that we were able to practice delayed gratification more then because you did not have...
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Amazon or like you could just ship something to your house that day right you had to like go to the store and get what you wanted and what they had is all the options you didn't have all the options in the world so there's something there that like going back to that mindset is wise I think there's a wiser it's almost like a simplicity minimalism to that of just like we have access to everything all the time no matter what we want we can get it on the internet in two days yes yes I think it was kind of better back then where you didn't know all the options you didn't have all the access yeah just a couple of things that you can get and that's it
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I don't think we knew people that had those. Those didn't come until like, I was like later high school.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
guess where the old people in the room now oh man i know my girls said something the other day some kind of drink with like little beads in it or something and they were like yes that was it actually i think it was here they were talking about it and i didn't know what it was had never heard of it yeah that's a little tapioca pearls in there don't know what that means like a little uh mango jellies i don't know what you're talking about where do you buy them at the store
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Boba tea grind.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah, so I'm talking like straight up 96. And I sprained my arm on the trampoline. I did a flip off of the trampoline.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
And what's in the bowls?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
And you stir it together.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Okay, so is it healthy for you or no?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Anyways, it's these drinks. I don't know. I can't keep up with it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Never heard of it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Never heard of it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
A kid had a Squishmallow pillow. Yeah. When we were traveling last week, my girls were like, oh my gosh, that's a Boba pillow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
The Squishmallow was the Boba pillow. It's very confusing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Sprained.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
That and all the initials. If we could just go back to TTYL and LOL, I would be good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I know. I'm just saying. Go back to... I don't know. Not a lot of options in life. There's just too much going on.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Okay. All right. Before we spill the tea on Guilty as charged, what are we sipping on?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Oh, man. I sprained my arm.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I'm going 8 out of 10.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
You got to get the salt and then drink it because it's like... That adds a little zing. It's so good. All right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I'm going to eat my salt.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I need to rewatch this episode and just be like, that's what I look like drinking a margarita at a restaurant.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Sprang my arm.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
All right, now it's time for Guilty as Charged. And this is where we ask each other a question every week. And if we're guilty, we take a sip.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Ooh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
It did, yeah. But yeah, a lot of doctors do not recommend trampolines.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
The lava lamp for the kids. I did get those because I did. That was like a, I never had one as a kid. Did they know about it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I don't know. It's like, they've seen it and they asked for it. So I was like, I will get y'all a lava lamp. I think they got it for Christmas one year. Wow. I will say a new pack of crayons. This is all for the kids. Or new markers.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
New art supplies. New art supplies. It does kind of give you like this like warm feeling inside.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
And you're like, oh my gosh, and new coloring books. Like that kind of thing just makes me like very happy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Okay, here is one that I will do for my own self. It is a drink fridge.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
And can I tell you, when you open up a fridge and there's just drinks in there, it makes me feel safe.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I feel safe when you open it, and it's poppies and, like, Capri Suns for the kids. Sorry, don't get mad at me. Like, all this stuff, and you're just, like, different IPA beers, even. You know what I mean? It's just, like, it's a colorful... Whatever the kids want. And it just feels good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
It's how I feel about snacks too. Like when you see options of individual snacks, it's because as a child, we didn't have all this. But it makes me just feel good. Like it does. Like it gives me something.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
They don't like them. I know. I like them. We don't have one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Rachel, I'll take you to Costco, Rachel. I'll take you shopping. I'm like, it's okay. I don't need a personal shopper for my food, Mom. She wants to teach me salmon recipes. She thinks I'm, like, making Lunchables for my kids every day, you know?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Totally.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I love it. So good, George. Love it. Well, if you guys like this episode, then you will love our episode on, do you have it harder than our parents? Talking about the 80s. We're going back another decade for that episode. So make sure to check it out and subscribe to the channel so you guys don't miss an all new episode of Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Okay, let me say this, though. True or false? I feel like back in when I was like middle school days, it was way more common to have like an acre lot with like a ranch or home on it. Nowadays, people have an acre lot and build like a 6,000-foot square home or something.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yes. Where back in the day, I think the yard was more precious than the home. Nowadays, it's the home versus the yard. Would you agree? Yeah, that makes sense. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Hey guys, I'm Rachel Cruz.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Oh, like the little exercise ones?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
That's what we had. Yeah, 100%.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
And look, you turned out great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
All right, so today's price at Walmart for a trampoline is $200.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
At Walmart, yes. Yes. Would you get a trampoline for Mia?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
What? Why?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
And this is Smart Money Happy Hour. Well, this is the show where two friends who happen to be money experts talk about what you're talking about. Everything from pop culture, current events, and money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
All I wanted. All I wanted.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I don't know, but they were, and the wires, they obviously did on purpose. They're like green and yellow and like lime green and like hot pink and so cool. Do you know what I had? What kind of phone I had at one point? And I got it for Christmas one year. I have no idea why I asked for this phone. You're not even going to believe it. I don't even know where mom and dad found this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I asked for one of those Victorian-style phones that you pick up. And there's like this and like a skinny handle and then the mouthpiece.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yes. And I thought...
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
No, but I had that phone in my room for like a few months, and then I realized it's very uncomfortable. And then I got a portable phone when those came out with a headset attached. Like you're running a call center out of your bedroom? And I could walk around my bedroom and like clean or do what I needed and talk to my friends on the phone.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I don't know. Isn't that funny?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
We talked on the phone all the time. Like we, I would get home from school and call my friends on the phone.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
And then you had a call out of the school directory if you were calling like a boy. If you didn't have the number memorized. Yeah. And then the house phone calls, and you're like, hi, Mrs. Anderson. Is Tyler there? You know, you got to talk to the mom. She's like, oh, hi, Rachel. Who is this? Oh, it's Rachel Ramsey. Oh, hi, Rachel. How are you doing? I'm good. Thank you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah, let me see if he's available. You know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Like, you had to have a whole conversation with an adult when you were in freaking, like, eighth grade.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I mean, seriously. Like, we had zero fears.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Zero fears about the phone. I would even call the back of like potato chip companies. They would have a 1-800 number on the back of like food. You were just trolling? We did. And we got free food. They sent us like free coupons in the mail.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah, but you talked to a 50-year-old operator. But you didn't care. Zero intimidation with adults on the phone. That was back in the day, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Did you ever use Star 67? So like they couldn't. Yes, we did. It would be like a private.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Crazy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Here's another question real quick. On your answering machine, did y'all do like a family answering machine at all?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Do you remember?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Noelle, at Christmas, we would all sing. You had like themed voicemails based on the season? Yes, we wished you a Merry Christmas. We wish you a Merry Christmas. Could you imagine the Ramseys singing? We did. All of you? We sang on it for Christmas seasons. And mom would gather us around the machine. Yes. It'd be like, all right, we're recording. One, two, three.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
And we all would sing, we wish you a Merry Christmas.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
We did. And Denise and I had a rap on ours, but I've already, I've already.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah, it's delicious.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yep.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah. We were real good at the raps.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I mean, seriously, that's like, that's legit. That's crazy. All right. Next up is the lava lamp. Today's price. I'll just go ahead and break it to you. 25 bucks. That's cheap. My girls love a lava lamp.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yes. And then the other thing that Amelia has saved up for, she bought, was one of those things with fish in it. Fake, fake, like jellyfish, but they have different lights and water and they... It's like a little container.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
It's bubbling up, yes, to move the jellyfish.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
The fake jellyfish. But my kids love lights and like things moving in tubes or something. I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
So George, I feel like we could probably list a hundred different things today. in life in the 90s that makes you think like, oh my gosh, that family was so rich. But now looking back, you're like, okay, it didn't even cost that much. But we thought like, oh yeah, they must be rich because of fill in the blank.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
It's a very thing. Anyway, so lava lamps were very cool. And they're still cool. So that's what I'm saying. It's like that's one that has not.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Okay, that's a good point.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
What is it? What's going on?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I never had one. Did you have one?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Right, right, right. Like, that's one that could have been, yeah, a lot. Our next, two-story houses. Oh. And here's a fun fact. Today, two-story houses are actually cheaper to build than one-story homes because they have a smaller space. Footprint.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
You can build up, not out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Man, that's, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
That's right. That's right. That's interesting. Yep.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yes, we had a split level. My first one. Yes, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
You walk in on the middle floor.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
And then you go up or down.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah, that's right. It's so true. Yeah, our first one, you walk in, actually the kitchen was on that one. You walk down some steps to the living room and the steps you would walk up was the bedrooms. So it did feel, I mean, like honestly, it felt like a three-story.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah, that house was my O.J. Simpson car chase and trial.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Nancy Kerrigan. What are you saying? That was the house I remember certain news stories in.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yep, that was the house that I remember watching the O.J. Simpson trial in and Nancy Kerrigan. You remember Nancy Kerrigan? I remember watching that at that house.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah, she did when she was crying. Yes. Oh, man. Why? Yeah, it may have been. Why me? Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yes, but her in that white leotard grabbing her knee. Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Unbelievable. Next is the waterbed mattress. Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
My grandparents had a waterbed. They were the only ones I knew about one though. Oh, wow. They were a little scary to me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah. I was like, I don't know if like, I feel like something's going to happen. You know what scarred me?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
What movie? Can you think of the movie with the waterbed? There's a movie with the waterbed? Edward Scissorhands. There was a waterbed in that movie? Yes, and he poked him with his scissors. Why my parents let me watch Edward Scissorhands as a young child? I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
A fridge in the garage. If you had a refrigerator in the garage, so it was like for drinks.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Unbelievable. But no, I didn't know a lot of waterbed people. Did you?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah, it's like part of the culture of them.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Wait, you know someone with a waterbed?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Oh, that was Will!
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Their primary bed is a waterbed.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Him and Dee Dee.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Waterbed.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Is it for his like back or something?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Stop it. Oh my.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
The guy that had to approve this show sleeps on a waterbed is what everyone needs to know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Oh, good for you, Chris.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
It is so true. Do you fill it after or before?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
History to tell.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
I believe it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Oh my gosh, God bless.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
All right, next is a computer room. So computer prices have dropped nearly 50% between 2006 and 2007 after the iPhone 1 came out. So people went, I have a computer in my phone. Yeah, you basically had a computer on your phone.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
No, ours was in our playroom.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yeah, so like our playroom and that. Yeah, did y'all?
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yes, that's right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Must be nice.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Yes, 100%.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
In a cul-de-sac.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
The floppy disk. Oh yes, my Oregon Trail was on the floppy disk. Yes. Okay, so today's price for a basic Dell desktop computer is $750. More expensive than I would have thought. I'm going to be honest.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
You're there. You know what? My friend had a driveway that was a circle. You could pull in one end and it connected to the other. It wasn't a straight one. Who has the time? And she had the garage fridge.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Oh, okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
Just not looking on Instagram, scrolling through influencers.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
That's insane. I mean, for real, that's crazy. I remember I was in the sixth grade because we moved to middle school, and all the teachers got new computers, and they were the Apple computers.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
But they were the colored ones.
Smart Money Happy Hour with Rachel Cruze and George Kamel
’90s Status Symbols That Screamed “We’re Rich!”
And we thought, like, we've made it. Like, this is like, this is the big lease.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I was very tired.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
It's very tiring.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
That's work. And I would say this. I would say this. I don't want to, because I follow, I know some influencers and they're wonderful people. Like this is not a knock on that industry by any means. But you have to be a very disciplined person not to lose your soul. Because like literally y'all, I mean like I'm getting my makeup done and I told, I've never done this before.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
So part of it was motivation, though, because of the job you do. And we talk about side hustles a lot, right? So actually, you're a very selfless person.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
But I was like, Winston, take my camera. You got to take pictures. Like, we got to get this whole thing. Oh, no. Because you got to involve your family. Like, do you know what I mean? Takes a village. And your money, like the money you're making is dependent upon that of your own personal life. That's exhausting. I'm having like a panic attack right now thinking about it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yes. That's scary.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Y'all, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Just keep, please watch Smart Money Happy over a long time. Let us keep doing our jobs.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I agree. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
That bush light, that can. Can you leave it out there?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yeah. You know? That's a brave soul to go down there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Not you. Not you. The people that do it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Terrible. All right. Yeah, well, you know... What else I feel like is so important though is because when you are online, you're doing Uber, Instacart, like so much money is made online like we're talking about. And also all of our information is online. And so protecting that is so key. That's why I love and use, you love and use, delete me. Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
And then also, tell us about the shopping experience.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Because it's a service that goes in and removes all of your information. So, I mean, your job history, your email addresses, phone numbers, names. I mean, it's just crazy what is out there on the internet. And Delete.me goes in and removes all your information from data broker websites that sell that data to other companies and make money off of you. So, Delete.me goes and removes all of it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
How hard is an Instacart shopper?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yeah, and their plans start as low as like $9 a month.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
So great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Convenience. That's what we're looking for. So yeah, we tell people a lot to get their income up, especially, you know, when they are getting out of debt, getting an emergency fund, these like short-term money goals, which is really key. And, you know, At Ramsey, we have some other resources that kind of help get that ball rolling to find some extra margin.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
One of those is the EveryDollar budgeting app. Like when you're budgeting and you know where your money's actually going, you find more margin faster doing it versus just living kind of like on a whim. And then also the 24-hour money challenge. So this is a great one too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
So we'll put all these links down below for you to do because that one, it really expands to look at your whole money picture to say, okay, where are you overspending, underspending, like looking at everything to find margin there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yes, but if you are looking to increase your income with a side hustle, there's some factors that you need to think about.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yes. I think it's very telling.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
This is really good, actually. Yep.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
And it's a quiz that will take probably, what, three to four minutes. Yeah. So, yeah. So, it helps you, but you got to take that quiz. So, mine, I ended up in the professional segment. Where did you end up?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Okay. So, for me, my in-person side hustle is consulting, George. Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Nannying for me. Such a good mom.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Oh, my gosh. Event planning. I wish it said slash travel agent. I would do it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I could do it. Yeah. The event planning, I don't know, luxury travel. All right. All day.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
All day. And then working part-time, like exploring just a new career path. So my at-home side hustle is teaching English. And they even give you a link to a company you can sign up to help you get started, which is great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Freelancing. And then starting your own online business. So this would be fun. Trying something like an Etsy or a course or something. I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
A course? I can't do a course. You'd make fun of me for a course.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yeah, that's fair. You know?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
You're good at marketing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I remember this. This is so embarrassing. God, I'm going to be judged by this, but this happens. Hey guys, I'm Rachel Cruz.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yeah, that is true. You could.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
It's like my toilet's making weird noises. George is like, I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I got nanny, you got babysitter.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
You know what? You drew pictures with Amelia like three years ago. She still remembers it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
At an event, a random event. Yeah. George got on the floor with her and they were like drawing pictures together and she's still talking about it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Ah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yeah. What was it called?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Was it yellow? Do you remember when our computer softwares or games would come in a box, y'all, and you would open the box and take the disc out and put it in? Do you remember that? Is that what you're talking about?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
And you know what? While you're taking the quiz, you should be comfortable while you're taking that quiz in your Cozy Earth PJs.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I would crush it. Make so much money, especially with Cozy Earth.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Legitimately.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I have so much Cozy Earth stuff now at our house. I mean, I really do. And I've been giving it as gifts now because it's literally like, it's some of my favorite stuff because it feels like such good quality. I know if I'm giving it to someone, I'm like, you're going to love it. But the pajamas, joggers, I'll always shout out the socks. Once I bought the socks.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
One foot says cozy. One foot says earth on the top.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
So good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
They do. From blankets, sheets.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Well, it's funny because my Cozy Earth PJs are my Navy ones. And it feels like sacred. I'm like, there's over there. And I'm like, if I feel gross at night, I'm not going to shower. I don't wear them. Like they're only like, they're my good ones. You know what I mean? It's that feeling of like.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
They are.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Okay. So one of your favorite pastimes, not mine, is to go to Reddit.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I've been to Reddit maybe twice in my whole life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I want you to know that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Really doing well in life. But you can go there to find whatever you need to find. So we typed in like crazy side hustles on Reddit. And there's some funny ones, y'all.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Oh, for sure. Charles, this is what my son will do. He will do a dinosaur exposition. That's amazing. Well done.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I bet you're touring like a place where dinosaur fossils were found in Denver, which...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
We went on a dinosaur tour in Denver, y'all. Supposedly it was where the first... Oh, shoot. Stegosaurus was found on Earth. And it's my son's favorite dinosaur.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Google it. That's what they claim. In Denver. Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yes. Yes. And then it's a little bait and switch, you know? Because they're like, come see a stegosaurus. So we're like, you know what? We'll pay for it because it was a good setup. It's right by the Red Rocks in Denver. Okay. And if you work for this company, it's great. It's fine. I don't want to bash them.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
But you go. And then they're like, look at the side of this rock. Do you see all the footprints? Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
It's a medical emergency.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
It's just a rock. And you're like, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
He was carrying the dinosaur. And then you go through an hour tour and you stop at all these things that are kind of... And then finally they're like, do you want to see bones from a stegosaurus? And once they're like, thank God, yes. Yes, we do. And you expect like a... A full stego.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
It's another rock with a thing sticking out. Like a fossilized... And they're just like, there's the leg, you know, the... Yeah, not great. That's so sad. Okay, how about this? Creating online resources. I developed a WordPress plugin to solve an issue I faced. Uploaded it and made it public for others. Added a donation link.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
was making $50 to $100 a month, realized a lot of people were using it, spent more time on it, added more features and detailed support, and eventually launched the pro version. And it recently, oh my gosh, crossed $300,000 in lifetime revenue.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Way to go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Why did she do that, though?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Americans. What are we doing?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yeah, I would not be good at that. I would be good at this next one though, selling homemade salsa at my farmer's market. It's been very lucrative and I feel so connected to my community, this person says. I make homemade salsa. Did you notice about me? You made homemade salsa? Yes, I do. That was a Sharon Ramsey thing. She does not buy jarred salsa.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
No, for the green salsa, salsa verde, you do that. No, but for the other ones, it's just like, it's tomatoes, onion, jalapeno, garlic, a little bit of tomato sauce, if you kind of want to make it a little bit thicker. Some cumin, salt and pepper. Wow. And it's great, but it's very fast. In the blender, put it in a mason jar.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I do sometimes now. Don't tell Sharon. Okay. but salsa is an easy thing to make and if people love it, selling it, it's great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Oh my gosh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Looking for rock aquarium ornaments.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
No, that's not Christmas ornaments on the tree.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Oh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
That's it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Woodworking. You know, you can build, gosh, you know, workbenches, tables, all of it, and you can make $50,000 in three years. This person did.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I would be the worst DJ.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yeah, we were talking about the Grammys earlier today with the team. I'm like, I don't know any, I know no one. Literally, my Spotify is the goodness of God and Taylor Swift. That's really all it's on. I love the goodness of God. I love that song by Bethel. It's so good. You got to get into that theology.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
There's no one between. I mean, sometimes in Christ alone if I'm feeling like old school. But like it's the goodness of God. And then, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
All I do is listen to Audible in my car. I don't listen to music.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Shame on you. I'm not about shame, but shame on you all in a gated community. And can I tell you? That tip $3 to little George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
No, I just like... I'm constantly learning. No, my books are about murder and kidnapping, and yeah, it's not good. Like, my books aren't great. Okay. Definitely more in the Taylor Swift genre.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yeah, it is pop. You know what? That's fine. Yeah, I mean... I mean, gosh, that's such a hard question. I don't know. Yes, I think it would be, like, give me a 2003 playlist, and that is my happy spot.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I would be so happy with that, yeah. That's what I'm giving you for Christmas. Like, give me, like, yeah, give me, like, a Sister Hazel. Like, yeah, that genre. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
That helps me. I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
How about contract furniture assembly? And this is a good one. So this person made $1,000 a week to show up with a fancy drill. And yeah, basically just put together some Wayfair stuff for customers and made $1,000 a week. Now, I would pay for this legitimately.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Make some money that way.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Have you done a kitchen? One of those kitchens for Mia yet? No, I'm too scared. You're about... Don't do it Christmas Eve.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yes. Winston's great at putting stuff together.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
He would help you, George. He likes you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
No, but it was the. Yes. Blank.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
He would do it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
He would do it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I think they're all interesting. Oh, yeah. From lava rock aquariums to homemade salsa. These are all great ones.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
That's what I was going to say. Find something that you enjoy, right? And then you can make some great money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I don't know what to do. Oh, George. God bless the side hustles.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
That's right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yep, I love it. All right, so before we get into Guilty as Charged, this was a great drink.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I liked it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I'm going 10 out of 10.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Is this a drink you could go to like a normal bar and order? Yes. I always wonder with some of these.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
No, stop it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Well, yeah, I would guess that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Stir it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Stir it together.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
So good. So good. All right. Well, now it's time for Guilty as Charged. And this is where our producer Kelly gives us a new Guilty as Charged question every week. And if we're guilty, we take a sip. All right. Have you ever started a new job and knew immediately that it wasn't for you?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I've done some weird stuff at Ramsey, though, like publishing, curriculum, sales on the phone. I've done a lot.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
No, I'm going to be honest.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
No, no, no, I'm going to go back. I think when I realized, like, okay, this would be, like, when I was working at Libby Lou, I remember this. This is so embarrassing. God, I'm going to be judged by this, but this happened. I was working there. I worked there for probably a year, but during Christmas break, I took off a lot because I was like, I'm a high schooler and I got like this thing going.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I have this thing at high school going. I got a trip with my family. I got, I mean, all of this stuff. And the boss came up to me and they were like, you can't take this much time off. what do I do? You know, I was like, I don't know what to do because I can't. Quit? Nope. Not go on the family trip. I can't. In my head at the time was like, but my high school parties.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
And you know, that was the moment where I realized, you know,
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yeah, I don't know. I think I can make my own schedule babysitting and do some other things. So yeah, that was a tough one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
But you know what? I always get a thank you for the great tip. And I remember being like, okay, okay. Until I heard your story that people only tip $3. That happened multiple times. Did you just pick them up like a thing of bananas?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I worked at- George, you have done so much in your life. I literally was like a babysitter. I worked at the mall for maybe six months of my life. Like, I'm like, how have you done all of this stuff?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
How long have you been at these jobs?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
No. Genuinely, I feel like I had the most boring childhood. I had your integrity snacks. I started a business.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Really nerdy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
That was it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
People stole stuff?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Oh, man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
My Libby Liu one is so sad. I was like, I can't go to my high school parties.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Oh, man. Well, yeah, I can't, I mean, I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I mean, that's, yeah, that's terrible, George. Wow, guilty.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Oh, man. Well, that was fun. If you guys have any guilty as charged ideas, make sure to DM us on social. We love hearing them. Yeah, because you guys have actually some great ones. And if you don't want to miss a future episode, make sure to subscribe. And speaking of subscribing, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
You got it? Oh, yeah. Here we go. Here we go. 100,000 subscribers on Smart Money Happy Hour. That's a big deal. Thank you, guys. That's a big deal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I mean, for people to get 1,000 subscribers is like, that's a lot of work. You know? And 100,000. So, thank you, guys.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Will they pay you, though, like an hourly thing? Or is it strictly just tips?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
It's easy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Money and dinosaurs. So we'll see. Well, if you guys enjoyed this episode, make sure to check out the next episode, Habits Wasting Your Time and Money in 2024. We'll link it down below. And we'll see you guys next Thursday on an all new episode of Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
But five hours. Five total hours. You made this sound like a 48-hour thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
And this is Smart Money Happy Hour. This is the show where two friends who happen to be money experts talk about what you're talking about. So everything from pop culture, current events, and money. What do we got, George?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Like Uber or something. Yeah, Uber.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
But it is work. Which is a job.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
No, I think, and I appreciate that. Good for you, George. Yeah. You know?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
So yeah, I mean, the truth is some jobs require more of you. Some you're going to make more money than others, but it's understanding like your time is money. Yes. So where's your time better spent? I think it's the whole strategic play of all of this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
That's so good. Yeah. I know, and I hate to say it, George, you have more life experience than me in this arena. I mean, I can go back to like high school, college days. I mean, I started at Ramsey right after college, so I feel like I've been in the like nine to five world for most of my... Yeah, you grew up fast. For most of my life, I grew up fast.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
No, but I think back even in high school and stuff, I worked at Libby Lou, you know, the little boutique.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
It was, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Oh, that's a good question.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
It wasn't a clothing store. It was like a Claire's that would do your hair and makeup, if you will.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Uh-huh. But I'm not great at hair and makeup. And there I was. What are you doing hair and makeup? For little girls? They didn't care.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
But you know, you go work for the mall and then as like teenage Rachel, then you'd go babysit or start your own business or do whatever. And you do realize the cash flow, right? So I'm like, even as a teenager, you can start to understand, okay, where will I make more money? What's going to take more of my time, more of my effort? And yeah, and it shows.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
And I think with side hustling, we talk about it getting out of debt. When you have these big financial goals, this is what you want to do. But again, you don't want to waste your time. And if you have the skill set to be able to do some things that bring in some serious cash, that's what we want.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
No.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yes, I do know this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Just like yours.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
No. No way.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Should have been like $3,500.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Did you make any after your skateboard videos on YouTube?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
And that 13-year-old kid that you showed recently. I'll never forget that story you told recently. That's true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
So good. Oh, my God. But yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
George, you've been holding back all your fun stories. I had no clue.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
What was your favorite?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
That's right. Okay, so I think we should start off this by one of these questions that people ask a lot, and I'm going to ask you, George. What were you thinking? You told us about something recently, and I literally was floored, and I thought, George, maybe you're doing it for content. Maybe you're doing it for experience, but George, can I just give the punchline?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Totally. Now, those feel like realistic side hustles. There are some floating around the internets, if you will, social media especially. You know, they're a little too good to be true. Have you seen the laundromat one?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Like, buy a laundromat.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yes, I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
No, really?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
It's not a turnkey kind of thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
It's a lot. Well, I'd say the same with investment properties. People that get into this, like, oh yeah, this will be great. We'll just make some money on the side, the rent and all of it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
You know, I was just talking to one of our writers about this and she just, she sold hers. Cause she, yeah, it was the same kind of thing. She like moved houses. She's like, well, I'll just rent it out. She was like, I rented out to some like sweet girls and, And she's like, and I would get a text, I mean, every other day about something. Like we saw a cockroach. Can you call an exterminator?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
The dishwasher broke. This, this. She was like, the amount of effort it took just like to keep up with it. And then, yeah, they pay, yeah, they pay the mortgage and then a little bit more. But then everything that was extra basically went back into the house. She's like, I made no extra money really.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I mean, honestly, because with real estate, you make your money at the buy. Yeah. keep it, and then it gets equity, and then you sell it in 20 years. But this whole idea of like month to month, like there's just, it ends up not being a ton, right? Versus doing something else where you are making a ton of money. So it's a little too good to be true in that way.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
But they make it look so good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
They all do. I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
We retired at 23 because my wife and I— We don't go into a job and we have millions— We're $15 million in debt. I know. And then I'm going to get a little— I'm usually not sensitive about this stuff at all. But it does, like, this one does irk me. I'm like, you can comment about whatever, about my family. But when it's those people and they're like— Dave Ramsey's wrong.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
And then they go into like, we're $17 million in debt with six VRBOs and five rental properties. And we live in the beach in Hawaii and travel to Paris and all this stuff. But they use Dave as like probably clickbait, his name. Yeah. And I'm just like, no, it's not good. Not good. Not good long-term.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Not as smart. Lots of risk. And we take calls on The Ramsey Show literally every day. The last show we hosted together.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Just like a few days ago. It was, wasn't it, every call was like, lost my job, a health scare. We had to move to go take care of my, like, life happens. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
I was an Instacart shopper. Yes, he was. Like a month ago.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
It's fine. We can do this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Not good, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
And you know, like if you go back to like simpler times, honestly, you think about like going straight to the customer and helping them with a service that's easy. Dog sitting, house sitting, babysitting.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
And can I say this? I pay a good amount for babysitting.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Because I do love a great babysitter. So I'm like, I will pay them well, or what I think is well. You know, and you watch a kid for four hours. And you make more than Instacart. I mean, right? If you find a great family. Oh, 100%. I don't know. I'm telling you. It's the way to do it. Or house sitting. People will pay for you to just sleep at their house while they're gone.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Water those plants.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yes. And there's some apps and stuff that you can find to like find families in your area. But honestly, I think that stuff is like, that's where you make some good money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Because you're on baby step seven.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Okay, so George, if you had to start over today, choose a totally different career. If you had like a completely different life and it's a Ramsey personality, what would you be doing?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
What do you do? I'm a business consultant.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
No, but you now with all your life experience.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
They would. Dozens of dollars to do that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Okay, so in my dream job, which would take me years to work up the ladder, so this wouldn't answer the question, but I'm going to give you— You can still do it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
That would be some kind of political correspondent for a network. It's always been my side dream. I would follow campaigns around. I would be in the middle of everything. But that takes a while to get a good slot. Yeah, yeah, yeah. But what I would do now is I wonder if I could start a— like a social media political account.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Yes. I don't know. But through an entertaining filter. Get some political sponsors around. Okay. Not political parties sponsoring.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Oh, totally. Yeah, that's my thing. Because I'm like, both sides. And I really do believe, I mean, genuinely, I'm like, bring it both. Because it's like, I want to throw off both. So then your pool is wider.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
Right? You don't want to be selective. Big pool people. Viewership. I don't know. What do you think?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Side Hustles That Are (and Aren’t) Worth It
You know, but can't you, like a mom influencer, you know, of like, hey, like here's the... Yeah, you know, but all this combined, I followed around when I was at the inauguration for 24 hours and did a lot of stories, a lot of stories. I was very tired.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Oh, yeah, I could see that, yes. Because a lot of them, it's like 2 a.m. when something happens, and you're like, who's open? You can't go anywhere. It's like one. Can I tell you why we went?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Oh, no. Did you Google it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Never Google.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Oh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Shall pass. Wait, and you paid a ton of money for it? No, no.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Oh, that's nice. Yeah. How nice of them. They spared us. Very kind of them.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Like, we have to do a police report. Like, you can't just drive off. But this poor kid, like, had no clue what he was doing. And so anyways, it was this whole thing about like when you're in an emergency, you don't always know what to do, right? And as an adult, it's like that's a very adult-like thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
And I think what's hard these days when people apply for jobs, they just put in applications in. We're truly, Ken Coleman would be proud of us for talking about it, but honestly, one of the best ways to get your foot in the door in a company is knowing someone. Like that personal connection is... Is huge.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Because a lot of companies, they do, they just get filtered in all these resumes and not all of them look at them. So I think that's what's tough.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
So much. And when you're filling out applications like this, your personal data is now going to 260 more places, right? Yes. All over the internet. And all of our data is all over the internet and our information because we live in 2025 right now.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
It is. So protecting your data should be one of the top priorities. And that's why we love and we both use Delete.me. So Delete.me goes in and removes your information. This is like your home address, your phone number. I mean, they have stuff with like your bank. I mean, like all of the information that's out there, they will go and remove it from data broker websites that...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
that honestly have your data, and then they sell your data to other sites.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Love it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
All right, next. I used the emergency fund because I had to bail my brother out of jail. Ooh. Kind of sounds exciting. I don't have a jail story. I don't have a jail story. Do you have a jail story?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Not you or someone you know who had to bail anyone out?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Y'alls would be like hacking. Really? Or hackers? It's like you'd be on a computer.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
That'd be your crime.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
I used the emergency fund because I had to bail my brother out of jail.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
That's a fun game.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
You went to the police station.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Stop it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
And if that's your first wreck and this poor kid like panicked, I guess, she was like, I felt like a mom. Like I felt like the old woman in this scenario.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Oh, my gosh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Unbelievable.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Oh, this is good. What's bail?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
For brother?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
I would go high. If I had the cash available, I would get a family member out of jail.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
As a gift.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
I would try to help them post bail. I mean, I think I would. Yeah, if you have a family member in jail.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah, for sure. They're like the payday lenders of criminals.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah, and I guess I would have to believe that they weren't... I mean, we're talking about my brother. Who is the least likely to commit a crime. Out of all of us, for sure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
And again, I think if you had a family member, though, that you were worried about them in society... I wouldn't want to be the responsibility of getting some people out of jail.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Some people, you know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah, I think that's fair.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Oh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
You know, what a great grandson. That's very responsible.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yes, I know. So anyways, we were just talking about emergencies and then like the things that she had to pay for, right? You gotta claim insurance and all of it. She didn't like to pay for much, but he had to. He didn't have a lot of money. So we're just talking about emergency funds and all of it. And I was like, man, it is so great when you have an emergency fund. Like there is a level of...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
See, I don't even know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah, yeah. Plus sign, minus sign. Oh, the batteries. I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
He knows what he's doing. Helped my best friend pay for her marriage license.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
But how much are these? Now, that's inexpensive, though. Marriage licenses are not that expensive.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
I gotcha. I love Google.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
This is my chance to show them I can Google. This is all I do. Okay, around $100.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
I don't know. But $100, like, okay. We're getting married.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
That's what I'm wondering. I'm scared a little bit for everyone here. We're getting married here.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
We're getting married. We're doing grown-up things.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
What would be the worst animal that you would have to remove?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Gross.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
I guess that's pretty big.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Gross.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Getting the stripes because it could be poisonous. And he said, you know what it is?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
There you go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Oh, so terrible.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
I'm trying to think if we've, at our old house, we had some, I can't remember. It was under the house though. It may have been like a raccoon kind of thing. Now, my sister-in-law—are you ready for this? Had a rat, y'all. A rat in her kitchen. She had the pest control guy out there. Like, they could not— They couldn't find it? Couldn't get this rat.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Because of where it was—it was all behind—everything. Like, I mean, it was like they couldn't—they did all the tricks and stuff. Y'all, for like probably two to three weeks, she would lay traps. I mean, she did everything. But this thing—and they caught it on camera. I mean, it was like every—oh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Just calmness and peace. I just have cash in the bank because 40% of Americans can't cover a $400 emergency in cash. So there is something to be said about having money in the bank. And again, it's peaceful. But sometimes when we have money sitting in the bank, George, we end up spending it. And sometimes some weird emergencies come up.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
I know. And that's terrible. It's the worst rodent story I've heard, like, firsthand. I mean, it was a saga for like two weeks. I mean, we were getting rat updates. Rats are gross, y'all. They'll destroy your garden. A mouse is like... A rat's like... Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
What are they called? Moles?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Armadillos are nasty. Skunk is a bad one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yikes. All right, pick your animal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
It's the worst. No, it could be deadly. It's true. Fair.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Fair, fair, fair. Ooh, brown recluse.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
I'm going that one. Worst. That would be bad.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Like really quick, yes. No, thank you. And you can never catch them because, yeah. All right, we're done. Moving on. Gross. Okay, insurance rep called and told me I had 30 days to get a new roof. I don't trust them.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
I don't like urgency on... Well, I guess if it's the insurance rep. It'd be different if a roofer was like, you got to get a new roof in 30 days and use me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah, possibly.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
100%.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
It's very good, Sav. That's a very, that's a great story. You know what Sav needs for her new renovated condo?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
A big Cozy Earth blanket. A big throw on the couch?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
It's one of the best.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
I mean, seriously. But Cozy Earth, the blankets, the sheets, the joggers, the socks. I've gotten a lot from Cozy Earth. Lounge pants. I mean, all of it, you guys. They make the best products. The pajamas. It's amazing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
It should.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Hashtag truth. But no, this is a really great company because we do talk about a lot, you know, saving money, budgeting, all of it. But when you get quality things, there is a difference. And you feel certain things like, oh my gosh, this is what heaven's going to feel like. Just this little, the sheets. It's incredible, you guys. So make sure to go to Cozy Earth, get some great stuff.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
And they're giving an incredible discount to our listeners.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
You deserve that. When Winston had socks, Cozy Earth socks delivered, one foot says cozy, the other one says earth.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
I mean, it's amazing. Change this family tree. Make sure to check it out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Well, those are some good testimonies, you guys. Okay, George, what's the last thing or one of the big things that you guys have had to use your emergency funds for?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
A little strict about that one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
The weekend stuff is tough.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah. Ours have been like medical stuff. Amelia chipped her tooth a few weeks ago. How do you do that?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
She, yeah, she like hit, yeah, hit it on something. But it wasn't even that hard. She was like, I don't feel like I even hit it that hard. But man, she screamed and I was like, what is going on? And she was like, it was like a little shattered tooth in her hand. Oh, no. But she looked like just, you know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Did you see my stat earlier? Did you see I just threw in that 40%?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
What did they do?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yes. Well, and they did it pretty quick the next day. She's in fourth grade. So she's at the age where she's like aware that people, you know what I mean? Like when you're a little, you don't even know. Yeah, she's like, I don't want to go to school like this, Mom. And I was like, oh man, poor little tooth. So yeah, so we got her in. We had to do that. Charles broke his leg.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
This was a few summers ago.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Tough. He was like three at the time, at the beginning of the summer, y'all. He couldn't go in the pool or anything. It was terrible.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah, so he had this like little, he called it his big boot. He was like, my big boot. And he just would have to like walk around. He kind of crawled. It was terrible. But I did not, okay, this is where I'm not a great mom. Medically, I always like, I always lean towards the like, we're going to be okay. We don't need to go to the doctor. We don't need to go to the emergency room.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Like, that's where I lean. Winston's a leaner the other way. He's like, just take them in. Just take them in. And I'm like, I think they're fine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
I've been so excited about this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
But yeah, so after it happened, Charles like wasn't walking. Winston was like, I think he broke his leg.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Well, I really was like, I mean, it didn't look that bad the fall. And then after about an hour, Winston's like, we're taking him in. I was like, oh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yes, he broke his leg. Poor little thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
I know. But that's the stuff that's like, man, just boom, boom, boom.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
I'm so glad.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
So that $1,000 emergency fund we talked about earlier, that's your starting point. And then once you're out of debt, you bump that up to three to six months of expenses.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah, and that's a good marker to have because that's if big medical emergencies come up, you can cover that. I think job loss is a big one. Just to know if income doesn't come in, you have that three to six month marker there. It's great. And a lot of people, that's happened, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Throughout the years, people lose their jobs and they actually end up living off of that emergency fund, just like our friend who applied for 240 jobs.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
That's a lot. Excuse me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
For sure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
That's right. Those are good filters too. I mean, that is a true emergency when things come up and it's like, wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Travel funds. Oh, man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
They haven't changed the date. What's the date of Christmas? One, two, three. December 25th. But we could all say it together. We know it's coming. Pregnancy and childbirth. Like, that is... Child care, even, when it comes after.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
I know it's happening. So, again... We're going to prep for it. Routine car maintenance. Can I say though, if you are pregnant and expecting, pause the debt snowball and then like build up a big emergency fund because the epidural, right? Things cost during this process and making sure you have money for it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
And it's all there. It's a beautiful thing. Planning ahead of time. This is like far out thinking, right? So good. Well, before we spill the tea on our guiltiest charge, what's in our drink, George?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
You love it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
I'm going nine out of 10.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Oh, look at us.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
All right. Now it's time for Guilty as Charged. And this is where our producer Kelly gives us a new guilty as charged question every week. And if we're guilty, we take a sip. Kelly.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah, don't you do insurance, though, for that?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Correct.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
I did not plan for this. You're like, you got to pick me up.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
So urgent. Yeah, so some of those, again, these are pretty common emergencies that pop up or things in life. So that's why we recommend starting out with a $1,000 emergency fund because those can usually get... kind of these ankle-biter things, right? As you're getting out of debt, having that $1,000 is so important.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
So what did you do? I feel like I've heard this story before.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
You wanted to go to this concert so bad.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Oh my gosh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
No way, I didn't know that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Good to know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Okay, wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah, I was going to say, it's like on empty, you can ride on empty for like a solid 15 miles and you're fine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Anyways, mine's a car one too, George. Oh, good. What'd you do? We bought a minivan.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Well, yeah, a little bit. My soul died, but we bought a minivan. And we had it for literally not even 48 hours, George. We bought it on a Monday night. And this happened Wednesday morning. And I am pulling out of the garage to take our kids to preschool. And I just hear this like crunch. And I thought, oh my gosh. No, no, no, no, no, no. You know, it's that feeling where you're just like, oh no.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
So I get out and I go to the back. But I'm like, the back was fine. I thought I like ran into the garage. The back was fine. And I was like, what was that? I was like, that is so bizarre. So I'm walking around, and I step on something, and it just cracks. And I was like, well, that was weird. And I looked. It was a computer chip. And I was like, well, that's weird.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
And again, it covers these, not the big emergencies, but these little ankle-biter ones.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
And I was like, and then I look again, and there's pieces all over the garage. And I'm like... What is happening? Like what happened? And then I look up, George, and there are wires sticking out of the roof of the van. I had sliced that fin thing that's on the top of the car. Yeah, that's not for like decoration.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah, it has stuff in it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
I don't know. I just always thought like wind, you know how people have like spoilers on their back? That was like my little spoiler at the top of my minivan.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
And GPS and all the technology of cars is in this little thing. It's the entire brain. And so then I looked up in the garage and there's a little hole in the bottom of our garage that I had just, I didn't let the garage go up all the way. And I was like, oh my God, oh my God. And the hole, and I got a ladder because I went and looked. There's like a hole.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
in the top of the van like this oh gosh and I was like oh my god oh my god and I called Winston and I was like babe he was like what happened and I was like I think I hit something. I think something happened to the van. And I told him he was fine. He was like, oh my God, we just got to take it to a body shop. But it's like a full on... That's an expensive repair. It's a lot.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
It was the whole technology of it. I mean, it was just, it made me sick. Wow. We were just so mad at yourself. You're like, if I had waited two seconds, Rachel, two seconds.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
It hadn't fully come up. Yeah, like it was down, right? So I opened the garage.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Would you have? Yeah. I don't know. He was actually kind of chill. I mean.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah. But I think he probably was like, this is why we don't rush, Rachel. And I'm like, what do you mean we don't rush? What do you mean we don't rush? I'm not a rusher. I don't rush. You rush. I rush. I don't rush. Do you rush? I don't. Rushing? Urgency? Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
No car accidents since. No.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
No. I've gotten, no, not since that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Thank you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Make sure to DM us your ideas for Guilty as Charged. We love to get your ideas. And if you enjoyed this episode, make sure to check out this other one coming up here, Harmless Purchases That Drain Your Bank Account. That's coming up next. If you're listening on podcast, we'll put a link below. Make sure you guys subscribe to Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
And we will see you next Thursday on an all new episode of Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah, it's good motivation in that way, right? Yeah. It keeps the progress going. So, again, there's always something that comes up in life. But, again, we're going to react to this episode. I'm kind of excited about it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yes. Oh, I can't wait.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Hey, guys, I'm Rachel Cruz.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
We've talked about this on the show about, do you have a number?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah, we can't.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
And this is... Smart Money Happy Hour. Well, this is the show where two friends who happen to be money experts talk about what you're talking about. Everything from pop culture, current events, and money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
I'm not saying that's my number. Yeah, 12 grand. I mean, the dog's been great, but I, yeah, we're not, I'm not doing that. You would spend $12,000.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah, that's right. You talked about this. Pet insurance, you're not mad at.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
That's fair. Okay, PETA is going to probably cancel us for this next question, but I'm going to ask you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
What are you going to do with that Instagram? Just content? Are you going to make money off your dogs?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
I know. Have you seen these, though, dogs that are in, like, little mini wheelchairs? And that's, I draw the line. I'm sorry. You've had a great life. That is a terrible life. What if they could have a totally normal life? If you are a dog and you are dreaming of running fields and you're, like, in a wheelchair. No, I can't.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Because I actually have a real dog, George, that likes to run and hunt. Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Okay, here's one that I feel like I have more of the right to say out loud than you do. Got an epidural without planning on it. For uninsured people, the cost of an epidural during childbirth can range from $1,000 to over $8,000 for an epidural. Again, this is for uninsured people. So this person was not planning on getting it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Make up a story in my head, natural childbirth, going in with the birth plan, what they want, you know, and then all of a sudden it's like, phew.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
There was a Ramsey show called, do you remember this, a few years ago? It was a woman calling in and saying that her boyfriend was making her pay for the epidural bill.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
You got to pay for it. Oh, my gosh. Unbelievable. I pray for that couple every day. If you ever had to have a baby, George, would you get an epidural?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah, you would do it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Oh, man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Do you think dog wheelchair people and non-epidural people are the same? Or do we think these are like all different camps?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Ouch.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
That's not what you want.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Oh, yeah. And that moves up in the debt snowball. If you have debt and you're paying off debt, but you get an IRS bill, that's the first thing you pay off.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
You don't mess with them. Okay. Gosh, I'm so controversial today. Here's another controversial stance on this one. I think I would rather owe... I mean, that's a lot. But like I would rather owe than get a refund.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
That sounds so fun. Okay, so this episode kind of started because one of my friends got in a car wreck. Not a bad one. Everyone's okay. But it was on this highway in Nashville in 96, if you're a Nashville person in Franklin. And at a stoplight and she gets hit. Well, the guy keeps going. So she's like, no, no, no, no. You just hit me. You just hit me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
And I'm saying from like a small amount.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Gosh, no.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah, and I guess it's depending on where you are in the baby steps. Would that be true? But to get to that point would be, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yes, not getting this massive refund. You didn't pay too much. You didn't underpay. That's right. Yeah, for sure. All right. How about this one? Covered a family member's funeral costs. So the median cost for a funeral, get this, is $8,300 according to the National Funeral Directors Association. That's a hefty bill.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Oh, well, tell me more. I just feel like, what are you paying for?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yes, that's true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Well, I think the burial, the casket, like all of that's very expensive and people get like very nice, beautiful.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
No, I don't know. You just said Louis Vuitton. I'm like, I wouldn't do that. I don't know. There is something... God, it's so morbid. But like people you love that you're like, I don't know, you just want to like honor. There's like an honoring. There's a, I don't know, there's something to it. I mean, I understand the practicality. Yes, you are not alive. You're not going to know. I get it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
But I do think there's something about laying to rest. I don't know. Would you get cremated?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
That's fair. I feel like I'd go out with a bang. That feels right for you. I think that feels right for you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Oh, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
We say to have life insurance for people that are dependent on your income, but I have heard people say, I'm going to get life insurance as a single person, very, very small coverage, to cover... you know, funeral expenses. But I think I would say instead of going through that kind of all that process, just save up.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah, yeah. Have a separate fund for that if you really are, you know, concerned about that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Oh my goodness.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Oh my dear. Could you imagine? Now there are home births, right? All about it. Whatever. You go, girl. But an unexpected one is scary.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
You were not planning for that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
And so she ends up at a stoplight and he's like a car ahead of her. So she gets out of her car at the stoplight, like taps on the window. She's like, It's not loud. I thought that was going to have a sound effect.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
That's a scary one right there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah, it's a lot. That's stressful. Yeah, Caroline came about an hour after I got to the hospital. Which is cutting it too close. Yeah, that is scary close. I need a few more buffer hours there, just making sure no one's not coming out where they shouldn't be.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
It's a lot. All right, next, my 48-year-old.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
hot water heater died sorry the sentence was all jumbled in my eyes uh thank you yeah no it was perfect on paper yeah when it went through your brain into your mouth year old and then died i don't know we're going back to funerals but no it's just the hot water heater uh and paid 1 353 dollars for a new one without batting an eye are water heaters that cheap can anyone verify
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Well done. You know, they don't make them like they used to.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Now that is fair.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Okay, have you heard this, that musicians will insure parts of their body for more?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yes. Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yes, so like guitar. Yep, that's exactly right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Just a, you know, she texts. And it's like this kid. Oh, boy. And he, like, looks at her. And she's like, roll down your window. Roll down your window. And he rolls down. And she's like, what are you doing? You hit me. And he's like, I don't know what to do. I don't know what to do. And she was like, you need to pull over. And we have to do insurance and call the police.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Yeah, that if you literally can't work anymore for the job that you have. It's like a disability insurance, yeah. Yeah, totally.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
All up there. I bet Adele does. I bet those singers do. Can you get insurance on like, I know you're like, but is your voice considered, I guess your vocal cords is part of your body.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Your voice isn't. It's sound.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Oh, for sure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Man, we are moving on. Are you ready for this one?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
$6,000, y'all. That's a lot of money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Broke a leg chasing a bone. Yes, broke a bone chasing a bone.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
That seems like a lot, doesn't it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
Don't you just put them in a little cast? And that's what you... I would go get like multiple opinions. Do you feel like vets are one of these industries that it could, depending on who you go to. There's a wild spectrum of prices. Yeah, who you go to of what it costs.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to Random Things People Used Their “Emergency” Fund For
We had to go in. So scary. No, I don't think so, George. I'm trying to think. I don't know if we ever had to go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
All right. But Santa isn't the only one with his personal info going around town, George. Whoa. Which is why we recommend and why you need Delete Me in your life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
So Delete Me goes in and takes all your info on all these data broker websites and It's like your name and your address and your number and all of this, and they remove your data, which is a really big deal in our world today. I mean, seriously, we have so much of our information out there and it can be sold, it can be traded, and they're making money off your info. And so get it out of here.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
No, it really sounded good though. Well done. You can carry a tune.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
It's amazing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
All right, up next is a Christmas story, and the quote is, I want an official Red Ryder carbine action 200-shot range model air rifle.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
This is not one of my favorites either, I'm going to say it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah, I don't know. It just was not a movie that, like, I find it a little boring. It's a little slow for me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
But I love It's a Wonderful Life, so, like...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Maybe that's what it is. Do you like It's a Wonderful Life? I'm sorry, I'm sorry, A Christmas Story?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah, I see it on TV a lot during the Christmas season, and it's not one that I'm like, oh, I want to DVR it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Man, she's everything.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
I was hoping you would appreciate that one, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Okay, so was there a Christmas gift as a kid that you were like, this is what I want, so specific?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Is it like a projector?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
No. Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Oh, funny. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Like with a marker and draw on your wall?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Oh yeah, let us know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
No, no, not really.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Maybe four eggnogs in. We might, but not now. What was that? The 90s? Like the 90s Christmas.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
No, I mean gifts, but is that crazy?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
I'm trying to think.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah, there was like probably all the Barbie stuff. A Tamagotchi was big. And a boombox. I got a boombox one year and it was a big deal because you could put your tape recorder in.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah, it had CD. CD tape. You know what else I got? Same on the electronic wagon. Was a CD alarm clock.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
So you could wake up to a CD and I had Samantha Mumba.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
I saw something on Instagram. It was a video from a home camera, like the old school home camera.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Totally. Anyways, bring me back to 2000 when the world was peaceful and good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
You know what that reminds me of?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
I know. It's true. You know, Cozy Earth. They got the clothes. They got the sheets. They got the blankets. You got everything you need. PJs. I mean, cozy. It's in the name. It's a very appropriate name for this because it is the softest stuff. It is like, it's amazing. Our sheets, it might be my favorite. The sheets are my joggers. I'm not sure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
like at a local mall. Like that's all it was. It was just like a B-roll of like the mall in like 1994. And it just takes you back. Like there's just something about the 90s, you know?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Oh, gross.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah, and he paid full price for it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
I think it was before all of it. Yeah, we got to get, yeah. He will use the discount. You all need to use the discount because it's a great one this time of year. So use it and enjoy your stuff.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
They're giving us up to a 40% off discount.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
That's a lot. So make sure when you're checking out that you use the code SMARTMONEY to get that discount. And, man, enjoy. And you're welcome. Merry Christmas.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
All right, next up, A Christmas Carol.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
I know. This is Mickey Mouse.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
But I'm going to my childhood.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah, I'm pretty sure Mickey Mouse had a version there. Listen. Okay, so the quote is, these were shadows of things that have been. They are what they are. Don't blame me. Wow, that's real deep. Why is this?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Well, no, he's an 1800s-er.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
It's an 1800s-er. Okay. That is.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah. But I think the key here is that you don't want to take your money habits that were in the past with you to the future.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
I really think so. Is that age or is that culture?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah. Charles will be proud of us. I think so. Yeah. Love it. All right. This is one of my three funniest Christmas movie. I think of all time for Christmases. Vince Vaughn, Reese Witherspoon. I mean, they are. It is. At their best. It literally makes me laugh every year. And I still know what's coming.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
I mean, so funny. So the quote is, I didn't know there was a $10 spending gap.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
So listen, yeah. We're not going to be embarrassed if this Christmas looks different for you. you know, than past Christmases. Because, you know, life is expensive these days. Inflation is just up, up, up. And it feels like, oh my gosh, it just takes a lot of money to travel.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
And to buy gifts, it's a lot. So, don't be embarrassed if it's, you know, a Christmas that you're on a tighter budget. But also, it's probably a little too late for this episode, but maybe for next Christmas, talk about it. Draw names. Have a spending, you know, limit. And I think that's great. I think everyone appreciates that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Okay, one thing from the movie that Winston and I have implemented in the year, across the year, is like a code word. Because in the movie, if they have to leave the in-laws house, they're like mistletoe. That's their code word to get out of there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
And Winston and I come up with code words in social situations.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
It changes every time.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
It could be like a Taylor Swift or it could be, you know, we'll just like throw it out before we go somewhere.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
And if he like comes and holds my hands like I really, you know, how was that Taylor Swift concert? I'm like, he's ready to go. We got to wrap this up. I've never used the code word, as you can imagine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
That's so true. That's so true. Yeah, but we've, yeah, we'll do that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
What was that?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yep. And you got, you know, tacky sweaters that were actually not tacky then. That was the style.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
But you keep asking more questions.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Oh my gosh, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
You cannot say goodbye. Just keep on going, keep on going. All right, let's end with a classic. A cartoon and a real person movie classic. How the Grinch Stole Christmas.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yes. And Whoville, Cindy Lou Who had a great quote. I think it was her. Maybe it was the narrator. Maybe Christmas doesn't come from a store. Maybe Christmas perhaps means a little bit more. I think that was the narrator. Did I sound like a narrator?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
But it's really so true. It doesn't come from a store, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Snow days. This isn't a tacky...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
But it's so true, yes. And I feel like, honestly, the memories of Christmas that you have, it is more of like, oh, that funny conversation or that time that everyone couldn't stop laughing. Or like, there's always a thing that happens. It's really not about the gifts. We talk about gifts a lot, but that's not really what people remember, I don't think.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Oh, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
George, what a helper.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Where Mr. and Mrs. Camel, where they winds up like, you had to wait on the stairs. Dad had to get the video camera. It felt like years before we could come downstairs.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Does y'all do that still if you go to Boston?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Oh, I'm sure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
I have heard this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Santa Claus, Santa Claus.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Did y'all ever have snow days up where you were?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Oh my gosh, anyways.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Wow, really?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
That was a different Christmas than mine. That sounds really idyllic.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
In the north, sir.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah, I mean, it was just like us kids getting up and we had to wait on the stairs while they had to get the video camera.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
And you know, they would set up the video camera on a tripod.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
And you would just film it. Who's they? Mom and dad.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Get some lights. And, yeah. Yeah, you had to wait. And it was usually just us. My aunt, my mom's twin, Sharon and Karen.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
How can you forget? And Karen and Uncle Mac would come. And actually, Uncle Mac sometimes dressed up as Santa.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah. So great, George. Well, listen, I think I am fully in the spirit. And you know what? I got you a little something, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
What?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Okay, shall we exchange?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Okay, here you go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Is that real, though? Because usually up north, you don't get snow days because it's just part of the world.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Oh, wow, a light bulb for my toilet. Thank you, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
I'm going to use it. I'm going to introduce this to the cruises, and I'm going to be just, okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Wow, what color do you choose?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Oh, yeah. Yeah. I hear you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah, orange is too much like the... Okay, I'm going to go purple. Purple seems a little fun.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah, it feels right. All right, thank you, George. I so appreciate that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Thank you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
I'm like figuring out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Do you not have like streetlights that are coming through like some level, some window?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
No? No streetlight.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
For your high-maintenance dogs.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Okay, wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
0.002%.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
We don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
So great. All right, you guys. Well, I don't know. I think there's a lot to learn in this episode. I think the meaning of Christmas is much more.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah, there's a lot to embrace. And we hope that you are enjoying time with your family, too. Maybe you guys are traveling as you're watching or listening to this to the people you love. Or maybe, you know, it's a Christmas at home this year. And that's beautiful, too. So regardless of what your plans are.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
All right, before we head to Guilty as Charge, let's tell us about this eggnog drink. Did you see I... I almost finished it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Versus what? What do you usually spike eggnog with? Bourbon?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
It is elevated.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Oh, okay. Very nice.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Done so, yeah. Yeah, we got out of school a lot here in Nashville.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
All right. What's your rating?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
I know. I'm going 5 out of 10.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah, I don't think I crave an eggnog. So that's why I'm giving it 5 out of 10. It's just not my drink. Not my drink.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
But it wasn't bad. It's just not what I would order.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
And it was great. But I did love, man, remember Fox Family, that channel?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
All right, George, it's time for Guilty as Charged. And this is where our producer, Kelly, gives us a new Guilty as Charged question every week. And if we're guilty, we take a sip. Kelly?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
It's a little gag, too. I don't like it. But this is the show where two friends who happen to be money experts talk about what you're talking about. So everything from pop culture, current events, and money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Honestly, no. I don't think I did, because I don't think I knew where they were. Like, they were hidden.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
So well. See, they, yeah, see, it wouldn't, we wouldn't see.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
No, we, they don't come till Christmas morning.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
So, yeah, so no.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Mom had, as we got older and she got bougie, she had fake presents under the tree for decoration. Oh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
But like the real gifts came Christmas morning. So, I mean, no, I don't think I ever did.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
I'm sure I looked at like... Interrogation? Looked in places and closets. I'm sure I did that. That's not above me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah, not above me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
How about you?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yes. Oh, wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Man, those were the days. But the Christmas movies would always be playing on TV. Still are. That's where I go back to my old school cable. That's where cable comes in. Comcast doesn't leave you hanging on Christmas.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
And it shatters and it shatters.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Well, you shouldn't, but also when you're a kid and you're curious.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
You're going to want to see.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
I bet Kelly did.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Oh, no, y'all wrapping up. Yeah, unwrapping the wrong gifts. It was mayhem that Christmas morning. There you go. See, memory. Memories. Yep.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
There you go. I love it. So good. Well, you guys, it's closing time. Thank you so much for listening and watching.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
You can turn to AMC.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
And if you want to keep the holiday vibes going, make sure to check out our episode on unique money traditions from around the world. And if you want to stay connected, make sure to follow us on social. All the things.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Always fun. And yeah, we'll see you guys next Thursday on an all new episode of Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Anyways, but Christmas movies.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
They want to watch the modern, but I do make them watch a couple of like just the classics.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
I'm not sure the measurements you speak of.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Aren't they all on the same screen now?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Do they?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Okay, but my question is for real.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
So how will you know? You wouldn't unless... You can see it and you're like, that was expanded. Wow, George, you're so smart. Unbelievable. But anyways, today we are going to go through some classic iconic Christmas movies and some of the famous quotes that came out of them. Because again, we can learn something from them.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
This is a more current classic, but it has become a classic. Elf.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
I mean, funny, still funny to me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Buddy the Elf, what's your favorite color? That's a good one. Should we answer like Ramsey show calls like that now?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Merry Christmas as well.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Oh, you have $400,000 in debt without a mortgage? Please break that down for us. We could just say, what's your favorite color? We all could just live in a happy childhood world.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
That's right. And to know who is throwing out the lies out there in the world. Credit card companies.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
You speak truth, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
But the industry, it's a lie. I mean, what they're dangling out in front of you for a bigger and better life And taking away your peace, liars.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah, but they also know they're making a crap ton of money off of people.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Well, thank you, George. So part of the Christmas spirit always is the films that we engage in every holiday season. And they actually have a lot of lessons that we can learn, not just in life and love and the Christmas season, but also our money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
All right, next one. This is one of my favorites. Might be, I'm going to go top story.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
It could be in the number one slot.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
It's a Wonderful Life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Cry Every Year.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Okay, I do love, we've talked about this on the show. I do love a good accent.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
It is, but I do, they do it in color now. Talk to me, film school grad. Oh, is that weird?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
But yeah, they put it in color, which I honestly think I prefer the black and white.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah, I guess so. But man, when George Bailey at the end, I mean, it's just a really good movie. I just love it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yes. Remember, no man is a failure who has friends. That's a good one. Because I do think, especially in this, like, you know, consumer part of the year, I'd say Christmas is part of that, we do get wrapped up a lot in the stuff. Just stuff. And we talk a lot about, you know, you as a whole person is so important to being a healthier version of you, right? And so money is part of that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
But when we constantly feel like we're finding our value and our worth and our stuff— And that stuff can be taken away any moment. Yeah, it's just a scary place to be. So relationships, the stuff money can't buy, which I would include friendships in that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah. What's the bloke argument around Christmas?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Hey, guys, I'm Rachel Cruz.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Not worth it. Not worth it. But friendships are priceless. It's a beautiful thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yes. No, not where not to put your joy and stuff, but in relationships and people you love.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah, contentment's a big part of life and a big lesson to learn money-wise too. If you can have the discipline of contentment, you can do a lot financially.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
You can do a lot financially.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
In my top three. I'm going to go number two.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Oh my gosh, George. Yeah, I think it would be.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Wow. What a good friend you are. I just had a feeling.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
This friendship, priceless.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Okay, but Christmas Vacation, funny.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
We're going to dive into that today.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah, oh, man. I mean, it's just quote after quote after quote after quote.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Oh, so great, yeah. Yeah. Are we at the airport, Clark? Grandma, Aunt Bethany.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
But before we go on. I know. I just don't like it. And I know what it is.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
That was a funny one, too. She gets up and doesn't pray, but says the Pledge of Allegiance, and they all stand up. I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Winston's family, no, we're all at the house.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah, and it's Knoxville, so it's two and a half hours. So I wouldn't say that's a long way for some people that, you know, pile in and take a big road trip. But no, yeah. And his parents, they have like two rooms for the grandkids too. So they all have bunk beds and they like, yeah, put the kids away. But his sister lives in Knoxville, so they usually go home. That makes sense if you're local.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah. How about you guys?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Do y'all see both families for the holidays? A Florida Ann?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Okay, so you pick one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Wait, I'm so sorry. Say this all again.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Do you not get a dog sitter?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
So eggnog. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Okay. How long are you going to be gone for?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Down to Florida?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Man, so you're driving eight hours for the dogs.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
You either love it or you hate it, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
You don't board your dogs.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
To hold their own.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
And I think we can all say Clark Griswold wished he had an emergency fund because a lot of things came up in that movie.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
And this is Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
I'm still going to drink it. Let's be honest. We don't waste a...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah, I know. And he spent the Christmas bonus before he even got it. Dangerous. That's tough, too, y'all. So, yeah, there's a lot we could learn from old Clark Griswold.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Clark Griswold. And he announces the swimming pool and then the jelly of the month club comes in. Oh, that's right. Just terrible.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
All right, next. Great one. Home Alone.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah, this is a good one. So the great quote is, bless this highly nutritious microwave macaroni and cheese dinner and the people who put it on sale. Amen.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
And it's beautiful.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
So moving. Kevin McAllister, what a guy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
And we always wonder, what did the dad do that flies everyone to Paris and lives in this massive house? Man, do you ever get nervous the pizza delivery guy, or no, no, no, it was the cop, that the cop who shows up isn't really a cop?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Do you ever ask for like, can you ask a cop for ID? Like, I need to make sure you're a cop.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
You don't know. I don't know. There's something to learn there. Some identity theft.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
That's a good question. All right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Do you know the name of the gang they call themselves?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Oh, okay. So they have one name in Home Alone 1 and then number two in New York is a difference. Sticky Bandits? Okay, that was New York.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
What's the first one? No, don't tell him. You both use cheaters. Well, just tell me then. The Wet Bandits. Wet Bandits.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Okay. So we should like set the Christmas vibe, the tone, if you will. Okay. Can you give us like a little Mariah tone, George?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
And then Sticky was New York. That was good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah. Good for them. I know. The Sticky Bandits.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
And that mansion, George, that they lived in, big house, sold for $1.6 million in 2012 and now is on the market. Ready for this? For 5.2. Wow. Good night.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Totally. talk about some equity if they were owning that house, man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah. Yes, you know, I talked to a lady today and she had two homes. She had her primary home and then she had another home that she bought as a rental property. Well, she was like, I wanna be debt-free. So she's selling the rental property and the equity on it was $320,000. She's paying off her primary home and paying off her mom's home that still owes 62,000 on it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Isn't that great? So anyways, yay for real estate, but it's very high right now. So if you can get in and you have a great emergency fund and no debt and a good down payment of at least 5%, Get in there, girl.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Oh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Can I? I was going to say, can I have a little confession?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah. I think I've seen it once. Fair. I know, y'all. I know. It's not one of my go-tos.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
No. Yeah. They had the one with like the little girl who was Matilda. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
You know, sometimes faith and Kris Kringle need to come together and just make the world a little better place.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yep. So good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Unpacking Money Lessons from Your Favorite Christmas Movies
Yeah. Yeah. The belief is huge. The belief in Kris Kringle and for your financial future of really believing like, okay, I'm going to believe in faith and hope and that I can do things with my life and my money and make wise decisions that can have a great outcome to help my life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
40% off.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Yes. Cozy Earth is the way to do it. Go get you some athleisure from Cozy Earth. It's amazing. All right, George. So as we're talking about kids and money, let's break down some ages really quickly and just talk through some things that you can start applying to your own kids if you have them in your household. to allow them to learn about money. Yes, that are age-appropriate.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
It makes me so happy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
That's exactly right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Yeah, I think that's great. Yeah, and this is where they can kind of start doing some small chores. They can start picking up after themselves a little bit, right, with your help. But to show this like progress, I think is what's important.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Yeah, and just like, oh, there's toys on the ground, but if I pick them up, it is clean. You're starting to see this like causation of life when you do work, what happens. And then also when they're this young, pay them, you know, on a couple of chores too, so they can actually learn and associate that money comes from work.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
I know. Well, it was. It was Miss Congeniality. It was a pageant movie. No, no, it makes sense. It was a pageant movie.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Yeah, it's great. Yeah, and I would pay them right away at this age. And also, you know, no percentages. You don't have to be like, oh, you have to use this specific amount of money for this or that. Percentage-wise, just like let them just save up some money, have some fun.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
It doesn't need to be complicated.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
All right, seven through 11. Here's some chore ideas. Feed the pets, vacuum, bring the mail in, fold and deliver laundry, pack their own lunches, and load and unload the dishwasher.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
I know, dishwasher is one of my girls.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Not so much. Not a fan. Not a fan of the dishwasher. And then there is where you can kind of pay them weekly. So this is the age that my kids are in. And I'll just say, it is hard. It's hard to keep up with everything. And I've just noticed for me on my phone app, I will put like, if they've done something and I don't have the cash, I'll just like, I'll put a note. Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
And then it's like, okay, now here's, you've done a couple of chores together. Here's some money that I can pay you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Yes. You know, I do know this because we work in the world of personal finance.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
And yeah, yeah, you work, you get paid. And this is an age I would split up the money into giving, saving, and spending because you want them to do all three.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
All right, ages 12 through 18. So at this point, they can do things like babysit younger siblings, mow the lawn, wash your detailed cars, work at Chick-fil-A or Target. referee sports games. So there's some things they can be doing. Once they kind of get in the mid range of that, like 15, 16, you can get their own checking account, like a student checking account under yours.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
So they can learn about having a debit card, an account, all of those things. But they really start becoming more and more independent with money, which is great. You want to like loosen the rope a little bit. Yes. So when they're out on their own, they've been doing it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Yes, but it is. It's a month that really is dedicated to the youth. if you will.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
That's true. Just the basics, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
So being a Ramsey personality, one thing that I love being a part of is our high school curriculum. So we have foundations and personal finance. And you guys, this has been taught in 45% of the high schools across America, which is crazy. It's like 7 million students.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
And so it's just incredible. And we love the teachers that teach this. We so appreciate a lot of states.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Yeah, are mandating financial literacy, kind of what we were talking about. So we do love seeing even legislation from a higher level come into play to really be like, hey, we need to teach our teenagers how this stuff works. And George, we know the teachers in schools, they work so hard.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
And so our Department of Ramsey Solutions, Foundations and Personal Finance, our curriculum department, is actually giving away some vacations.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
For some teachers out there, yeah. So one teacher could win a $5,000... trip, a vacation, and then two teachers are going to win $3,000 vacations each.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
All right, our team has pulled some questions that came out of our personal finance course. And we're going to see who can answer them the fastest. It's going to be super fun, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Unbelievable.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Now, before we get to that, one thing that is so important to talk about is your internet safety. Look at you. Because you don't realize how often you put your information out there and companies like Delete Me, which is a wonderful subscription, They go in, you guys, and they remove your information because companies will take your information and then sell them to other companies.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Yeah. So there are a lot of states now mandating financial literacy because everyone says always, if I had known this stuff in high school, my life would be different. And so setting up the knowledge base early on in the world is so great. So that's why we love getting to middle schoolers and high schoolers and talking about this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
And we don't like that because that means you're going to have a lot of spam, a lot of scammers, all the things.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Who has the time? Delete Me does. Delete Me does because that's what they do for you. So we love Delete Me. So make sure to check it out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
All right, George, so Kelly has, she's out actually sick this episode. So Alex, our wonderful producer here at Ramsey, has stepped in, and I think you're actually going to kind of moderate the quiz for us, Alex. Is that correct?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
It is multiple choice, right? Let's keep it above the bed. We got multiple choice.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
I think if you hear the answer.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Just say you cheated. She's right. Just say you cheated on the class.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
I know it. The other answers were... I know it. I just did a college section and a talk.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
That was good. That was good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
That's good. That's good info. It's good to know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Yeah, so later on in the episode, we're actually going to do a quiz between George and myself in our personal finance curriculum and see if we can get it right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
It's C. C or D. I'll give it to Rachel.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
No, it's okay. It's C. It's fine. It's great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Sorry. Not sorry.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
I think we tied.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
We tied. Yeah. Four to four, George. Isn't that fun?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
So fun.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Isn't that fun? That means it's a good game.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
That's why we like that. Oh, an overtime question?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Wait, you have it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Oh, I was like, oh my gosh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Oh, man, y'all. Well, that's good. I think we've learned a lot.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Yeah, these are intense. So I'm impressed. These are intense.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
It gets super like tactical though. Like it's not just like, what's baby step four? It's like talking about W-2s and stuff.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
No, it's so true. And it's so fun too, because we have seen people that have taken the high school curriculum and now they're like, oh yeah, I totally took your curriculum in high school. And because of it, I chose the right college that I could afford. I stayed away from credit cards. Like they do it all. Saved up cash for a car. Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
So it is proof that your kids are listening and they're watching you. And so, yes, you have such an impact that you can make because we've seen that. So we love it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Wow. Farmer George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
No, it doesn't.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Unbelievable. Felt it in the spirit. So good. Thank you. Okay, well, let's bring the girls back for our Guilty as Charged and rate our drinks. All right, girls, welcome back. Now, before we spill the tea on Guilty as Charged, let's rate our drinks.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Wow, really, George?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Eight.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Seven and a half.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
I'm the highest. I'm a nine. I thought it was delicious. It was good. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Here they are. Hi, girls. Hello. Hello.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
No.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Wow, that's a cheap drink, y'all.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
That does not cost a lot of money, does it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
I don't know where to get edible glitter.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Why don't you say your full name and see if they get a hint of who they are with their last name. So what's your name? Caroline. What's your last name? Cruz. Cruz. That's right. My daughter, Caroline. How old are you, Caroline? Seven. Seven. What grade are you in? First. First grade. That's right. And you? Amelia Cruz. Amelia Cruz.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
George, I think now it's time for Guilty as Charged. And this is where our producer, Alex, is going to give us a new Guilty as Charged question. We get a new question every week, girls. And if you're guilty, which means if you've done this, you gotta take a sip of your drink, okay? All right, Alex.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Anything you've bought that you thought, oh, I probably shouldn't have bought that. A pogo stick because it was too hard.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
You're guilty. I'm guilty too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
I really don't think I did.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Very dangerous.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
It was a drama moment in the house. The pogo stick drama was very real.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
How about you?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Last regretful purchase. I bought two dresses. I just saw this in my closet recently, so I'm thinking about it. I bought two dresses for our Christmas party, for Ramsey Christmas party, and I didn't wear one, and there was one I was going to take back. And now if I do, it's on sale, and I won't get as much for it. And I haven't worn it, but I might just keep it. I'll see if I regret later.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
I think it's closed.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
She's a saver. And Amelia, she waits a little bit to buy something. I would say, yeah, you're not as impulsive.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Yes. Of course. Yes. Anytime you want.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Come and swim this summer and bring Mia. Probably not.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Pool safety. Very exciting. Number one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
We'll round up. That's right. When this airs, you'll be 10. Yeah. Yes. That's right. Yes. And what grade are you in? Fourth. Fourth grade. Awesome. Okay. I want to chat about money. Sure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Well, girls, thanks again for coming in. You're welcome. Spending your afternoon with us after a long day at school. Thank you, thank you, thank you. Love you both so much. And if you guys loved this episode, make sure to check out the episode we have of I Was Today Years Old. You can click the screen for that one. Or if you're listening on podcast, we'll put a link in the show notes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Make sure to subscribe to this channel so you don't miss an all new episode of... Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Thanks for watching us.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Yeah, like who handles money the best? Like what do you mean?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
from wherever he is and he wants you to get the right answer oh my goodness ready for this okay we'll start with this one girls what is a bank um a bank is where you keep your money it's where you can keep some of your money or like borrow money and then like repay that's right do you remember that word is called when you borrow money and repay it Nope, I have no clue.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
That's my thought. And do we use debt? No. When you swipe a debit card, where does that money come from?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Hey guys, I'm Rachel Cruz.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
And this is Smart Money Happy Hour. Well, this is the show where two friends who happen to be money experts talk about what you're talking about. Everything from pop culture, current events, and money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
That was a lot of money. Girls, why is it important to give?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Yes. And when y'all have done that, what does that do for you?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
That's fair. So you don't always want to give things away. But sometimes we have so much that we're like, you got to pick something.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Is it hard for you, Caroline, to give or do you like it? I kind of like it. You like it? It's good. Depends.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Classic saver and spender right there, you know? We always say it. Give it away. Give it all away.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Look at the glitter, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
It's so fun. My grandchildren will know. Okay, but it brings like joy and youth. Joy and youth to our... It just looks like it shouldn't...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
I do gag. They bought a fish. And it was in the kitchen. I was cooking. I was like... Wow. It's so gross. It's gross. I have a very sensitive stomach. We all have our limits.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
$1.11. There it is. Well done. Good job. Good job, girl. Good job.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
What would you come to me for as your mom when it comes to money? And what would you go to dad for?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
And I'm usually going to say more yes than dad.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
All right, well, it's springtime, George. We love springtime. I love springtime.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
In the future. Coming soon. In the future. Coming fast.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Yes, they are.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Or a convertible.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
All right, girls, that was a really fun game. So we're going to let you go for a few minutes, but will you come back and do our Guiltiest Charge segment with us? Yes. Wonderful. Okay, perfect. Thank you, girls.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
I really do. Yeah, you love it? So fun. It's fun.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Anyone can do it. We'll just get you a mic. It's great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
I love Cozy Earth, George. It's absolutely incredible. Like the quality of the stuff, you guys, it's amazing. And it's just beautiful. And I feel like this is a silly thing to say, but it's stylish. Like sometimes you buy stuff and you're like, oh, that's a weird fit. Like even the way it fits everything, it is wonderful. In fact, my brother-in-law, I got him a pair of joggers for Christmas.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
Yes, my birthday is April 25th. Not too hot, not too cold. All you need is a light jacket.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
He loved them so much. He bought another pair in a different color and then bought my sister-in-law some of the pajamas and they were like, they're obsessed.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Putting Our Financial Knowledge to the Test (With Special Guests!)
I love Cozy Earth products. I do. From the sheets, the robe, I wore it this morning getting ready. I love all their stuff.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
And honestly, today, I probably wouldn't talk about this maybe 15 years ago because it like wasn't a thing. But like in today's world, there are things that are evolving that like you have to be on top of to protect yourself. And this is one of them. It is. We live in a world of the internet. And so protecting your data is really key.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Thanks, delete me. Yes. All right, next.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
And you're like, no, it's fine, it's fine. And then you have like the 1% that's like, hmm.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Oh, no. Have you gotten that one?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, the physical appearance thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Unless it's just a compliment, like, you look really pretty today. Right? Like, just something kind. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Don't say anything at all. Especially if it's condescending, but in like a nice, cheery way. We don't need it. We don't need it. We get this a lot, George, when we go and meet people, whether it's like at live events or if we do the show here and we go out and take pictures. We get comments a lot about our physical appearance. Like it's pretty like.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I know it, George. Say it. You're so much shorter than I thought you were. They say it to Jordan.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I know, I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I could be 6'2". And I don't think it comes from a bad place, but it's one of those like, golly.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yes, yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I've gotten, wow, you're much smaller in person comment.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Uh-huh. Oh my gosh, you're so much smaller in person. I'm like, what? Hi.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I don't know what to tell you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Totally. God, my picture looks like me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
The hair goes the exact same way. I know. So anyways, I don't think it's all a negative motivation, but...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Oh, that's right. What have you?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Okay, I will say, people that are really tall, I end up saying, oh my gosh, you are so tall. I do say that. That's like the one attribute that like it just like naturally comes out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Oh, that's sweet.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I wonder if really tall people find that annoying. I think they're tired of it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yes. Ask me. We have a friend and he's like six, five. I mean, he's huge. And he has to get like custom like shirts and stuff because he can't like shop places. So I bet they are tired. We're so sorry if you're very tall.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Throwing in that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
It was on clearance. Yeah, yeah, yeah. That's right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, yeah, yeah. Totally. Because you do feel like, ugh. Unless it's a very close friend. I don't want to be bragging. You don't want to like, yeah, overly do it if it is something really nice.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Compliment me on my watch, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Thanks, George. I got it on Amazon for $14.99. Instead of saying how much it costs. Shh, you're ruining my thing. Wow, George, I like your watch.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
The family generations.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, yeah, yeah. And how people present it in different ways. Yes, I love it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
That's so good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah. Well, you know, one thing I will always spend money on though, George. What's that? Cozy Earth products.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
That is me deciding to have quality in my life. And their sheets, their blankets. I mean, everything about their products are amazing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I did a bunch of Christmas gifts for people from them.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I mean, it's such good stuff, you guys.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, so if you just want some good quality products, make sure to check out Cozy Earth. What's great is they have a 10-year warranty on their bedding, which is incredible. So go to cozyearth.com slash smartmoney. And if you put in the promo code, smartmoney. then you get up to 40% off.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I mean, so great. So go check it out. That's a number I'd share with people.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
How much was that? I got a 40% off coupon.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
At a great deal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, this is a generational grenade.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
To tell you your problems.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
That's not therapy. No, yeah. And you don't have a great therapist if that's all it is. Yes. Yeah. You need to be able to like navigate. And they ask good questions and make some statements and awareness of like, oh, yeah, that's why I do what I do. The more you know yourself and the more self-aware you are, I think just the healthier you are in life. You don't have to get all crazy. Right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Just trying to help people budget, you know, do that every dollar app. That's what we're out here doing for America.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
These conversation grenades. I think the more therapy you do, the less conversation grenades in your life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
For that too. Yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, yeah, yeah. That's fair.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, that's fair. That's fair. Oh, this is a good one. Asking about an ex.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Said no one ever. No, no. But wouldn't that be so interesting to be a part of that discussion?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
And watching it play out, though?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
No, no, you're not part of it, but you're watching the grenade happen between other people.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
And you're like, wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
That's what I'm saying. That's one that I'd be like, huh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Here's another one. How much are you paying for your kid's school? Listen, Linda, you can Google it. Google it. You can find out online if you want to know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
So refreshing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
We're taking the public route. Public school folk. We pay taxes in the county. We're taking advantage of that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, because it is funny in our jobs, especially on the Ramsey Show, you immediately ask people, okay, so how much do you make? Okay, how much does that take home? Okay, what's your car payment? I mean, you are just diving in.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I think it all depends on where you live and the school system. Yes. I mean, I really do, I think. But within that world, which we're not in that world, but I have some friends that are, there's even a hierarchy of that world.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I don't know. There's like a thing there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
For sure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yes, yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Sure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I don't know. I think it's a personal preference idea. I think for some people, they do it for like a spiritual sense.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I feel more judged from homeschoolers these days where we used to judge them. Love you, homeschool moms. But the judgment is strong. It is flipped. We used to judge the homeschoolers. And now...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
They're indoctrinating your children with the government.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Is Cole's a great principal? I don't know. I just love our school. I love our school. Love our school.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
People do get mad at me. And I do want to give a shout out always to public school teachers because you are not bad people and you're doing a great job.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Well, this is the show where two friends who happen to be money experts talk about what you're talking about. Everything from pop culture, current events, and money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
They are. They are. And homeschool moms, you're doing a great job too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Private school teachers, amazing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Well done.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
The explosion of the grenade occurs.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
They get so mad at the electric cars. Yeah. Who knew?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Man, you could put a lot. Yeah, there's a lot. So just current events in politics. A lot in this category.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
What was going on with the personal loan? I mean, you got to get all the info.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Just ask that question.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
No, I do think that, and I genuinely feel this way, when you can't have any level of conversation with somebody, that's the problem today, I think.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yes. And, can I say this? Have genuine curiosity. Because I think there are people on both sides of the aisle, they have yelled at each other so much. Both sides. Today, I feel like more than ever before.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, but money can definitely be a conversation grenade. But some other things too, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Even in 2020, I mean, I think through all the elections that I've lived through, this one feels like, literally, one side really believes the other side's evil, and the other side really believes the other. And I'm like... I mean, obviously, he won the popular vote. So a little bit more. But overall, it's a pretty split down the middle.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
And not all of those millions and millions of people that voted either side are not... Like, I just don't... I cannot believe... I can't believe that. I can't believe that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Get mad at us if you want. But I genuinely, genuinely believe that. So...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
That have level heads on both sides. I love those people. Genuinely. And you're just like, yeah, I want to hear what you have to say. And both sides are educated in their way. Both, I mean, both have legitimate reason.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I mean, there is, it's not that, oh my gosh, 73 million on this side, don't know what they're talking about, or 73 million on this side, don't know what they're, like, they have legitimate reasons for both.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, so that's my problem. So I don't get mad with people having opinions. I have opinions. There's certain things that I do think is, in my opinion, is better than another. I do. But I don't like hold this ground that like I can't have this conversation or not believe that I can learn something too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
That is the number one, man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I want to know where you're coming from because I genuinely could understand that and that makes me think differently. Yeah. And that's good. Ted Lasso, don't be judgmental. Be curious. But man, some people... I just usually avoid it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
This would be it. So, yep.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yes. Treat others as you would want to be treated. A hundred percent. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I think that's it too. So be aware of that. Depending on what has happened in either of... Right? You could take... What were some of ours? Like... Yeah, politics, you got physical appearance, you got money. Like, you never know where people stand in these categories. And even if you think you know someone, you may not know the full person, right? So don't make assumptions in that way.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
This is what we do.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yes, that's right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah. If Brett shows up with his new Jeep, don't be like, oh, did you get payments on that? Like, you don't need to know that. I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
That's right. You can be honest. If they ask, for sure, they've opened the door. You're allowed to speak.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
So some common off-limit topics. I'll throw Conspiracy Theory out. That's my number one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
That's good, George. That's good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
next know your audience we talked about yeah know the audience and i think a good challenge in life do you have people where none of these would be grenades that you could like literally throw out topics that's my dream friend group where are these people i know um let's see what i think just the older i get the more tired i am i'll be honest with you in that the less energy expenditure i have to give to some of these yes i agree so the last one i think is boundaries over defensiveness like
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Let's practice this in real time. Okay. Maybe you be like the neighborhood nosy Nancy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Oh, I'll be. Oh, I'm sorry.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I'm just a bystander. And you're someone non-toxic? And I'm going to practice setting up a boundary with a conversation that I don't want to have.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Another one. Why aren't you drinking?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Are you Ned?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Oh, Ned, you know? We...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
No, I just don't want to tell you a specific dollar amount because you don't need to know that. I don't need to know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, you don't want to know that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
She spiraled. Okay, you know what I would really say, Ned? What? God, that's kind of a rude question, Ned.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, what's going on? What's wrong?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Well, what did you do this past calendar year?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Just give me a range, Ned. See how I flipped the tables? I'm going to be honest, Rachel.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
You could probably give more if you didn't have a nice watch like that, Ned.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Well, before we spill the tea on Guilty as Charged, George, this has been fun. But what have we sipped on?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, yeah, yeah, totally.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
So good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
10 out of 10. One of my favorite mocktails. It's really good. The flavor's great. It's easy, light.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Everything okay?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
All right. Now it's time for... guilty as charged and this is where our producer kelly gives us a new guilty charge question every week and if we're guilty we take a sip kelly all right have you ever said something that shut down a conversation oh man oh boy i had a moment with a friend a few years ago i was really deep in my conspiracies like real deep and it was like uh Oh, it sounds terrible.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, is everything fine? Yes, I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
But it was, like, about, like, sex trafficking stuff. Like, out of D.C. Oh, wow. Like, they were, like, yeah, prosecuting people. Like, it was, like, a kind of a thing. And then you go deep into, like, what was really happening. And so, oh, man, and I was full on, full on in belief. I mean, I was in, I was, I was.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Oh, yeah. Winston finally was like, I was like, read this. And he finally was like, you got to get out of this hole. Like, what's happening to you? And I was like, oh, my gosh, all this stuff is happening. Big in it. And I told one of my friends. I was telling her, and she's like, I just don't know. I don't know. I said, wake up. Wake up.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
But this was back like before. This was like pre, pre the wake up line. But I was like, this stuff is happening in all this. And then I had another friend that was like, you know, crimes do happen, Rachel. Like this isn't a, like some of it's not a conspiracy. Like things really do happen. Happen in life. But yeah. But that was one of mine with a friend. And she was like, wow. Wow, Rachel.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah. So that was a shutdown conversation with a friend.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
No, no party. Just her and I. Oh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
And I was like, are you not... Are you not like freaking out about this?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I'm not sure. Report it to the FBI? Yeah, that was supposedly working on it. We don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
It was an article and a video. There was a lot there. What's yours?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Even though this is Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
There you go. And watch it all play out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, that's fair. That's fair. Yeah, I'd say most of mine would have been around conspiracies in my world and in my life. Uh-huh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, that's good. That's a good one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Okay, well, if you guys want to follow us, make sure to go on TikTok because we're there now, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
That's right. What an appropriate drink for that topic.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Make sure to check us out. And if you want to know how to navigate more of these kind of conversations, check out our episode on awkward money conversations. That was a good one. It's a good one, too. Yep, and make sure you subscribe so you don't miss an all-new episode of Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, but let's, yeah. Yeah, you don't need to ask.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Here's another one. Sports.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
This could be a grenade depending on the family.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, I had a cousin that went to Georgia.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Sure, yeah. And then I had another cousin that got married on a UT weekend, and the uncles brought small TVs to the reception and watched the game.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I think, I mean, being in the South and that's your... People know. It's a religion. It's a religion down here.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Look at us, just stirring the old pot, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
But you just switched up the... I switch it up.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
And everyone's confused.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Good for you, George. How was it? Sports fans are not okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
It's just weird. It's like Taylor Swift when you dress up as Taylor to go to her concert.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Not the only sport. You do it for hockey. Other sports do it. Like,
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
It's just a weird. Because the guy on the field is getting paid to do it though.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
That's always what I think. That's a catchable ball. Catch the football.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Okay. And you know what? This is why sports betting makes me crazy. Crazy. I hate sports betting. So like you are betting on something that you have no control over. At least like playing craps in Vegas. You get to like roll the dice.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
It drives me nuts, though, because I'm like, you don't know. You can't control Alan, number 18. Oh, you know the players.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
This makes my heart race a little fast.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
And you're like, what do you do?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I don't like it. I don't like it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
How much did you pay for your dog or your cat?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
We meant for her.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yes, it was. It was. Yeah, and I got a lot of, a lot of hate. I did not realize, did not realize how angry people get when you breed your dog. I didn't know. I mean, I think adopting is great. Children, dogs, adoption is a wonderful, beautiful thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, get your dog spayed and neutered, Bob Barker. I know. That was his one mission, Rachel. I know, but that's so that your dog doesn't go get pregnant and then you get a lot of puppies and you have to put them in the shelter. I get it. But when you want a specific dog for hunting or whatever, people do look for specific breeds.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
And if you want that specific breed, the breed has to live on, which means it has to have puppies. Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
She had six.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
No. For her size and the first litter, they said like three on average. That's what I was thinking. She had six. So we have April, May. June, Mom. And then Liberty.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Hey guys, I'm Rachel Cruz.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah. But first. All the way in. What are we sipping on, George?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Because Liberty, I know. Because Liberty's going to a family in D.C. and they named her Liberty, which is super cute. Okay, that's cute. She's really cute. And then we have Cinnamon, Boulder, and Buddy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
For the boys, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
The kids named them. Anyways, it has been so fun. It's been so great. But anyways, yeah, that's a bomb to drop in front of people. Apparently, that you didn't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
And the number one dog breed in America. It passed the Labrador Retriever for the first time in like 50 years. Did you know that, George? I'm a trendsetter. I've heard. It's the number one popular breed now in America is the French Bulldog.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Are people mad that you have them?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Okay, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
People spend money on stupid things. Yeah, I think it's that. I don't think it's a black or white issue. I think it's, yeah, not right or wrong.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Winston and I both have a number. His is higher than mine on what you would spend... To, like, keep your dog alive.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Mmm.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
What do you do? I know. What do you do? It's very hard. Because you can keep a dog alive. I mean, people... go through like cancer treatments with their dogs. I mean, like people do, they go to the ends of the earth for their dogs. And I love dogs, but I don't know. And I think it's important if you do have an animal to have a number to say what's wise for our situation.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Because just like your famous call on the Ramsey show with Katie and the horse, she couldn't afford the horse. So George told her to sell the horse and the horse doesn't even know her name.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, but to have like, yeah, just to be wise with it. But anyways, that's a conversation grenade.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
What did it say on it? I don't know. But did she have the answer? Is that what she was saying?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
That's a fun theological discussion. I'm going to say yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
So I don't want to know. I think you have other reasons to be pissed.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
But it's great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I think they do. I think God created them. I do think it, yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
No. No, I'm just kidding. Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Okay, fine. I know. I just said I wasn't theologically.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
But I believe, I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Oh, I've done this to you, George, and I apologize. Will you forgive me? I'm so sorry.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Sorry, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
How was it? Terrible?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
And this is Smart Money Happy Hour. Cheers, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I remember that show. It was so good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
That's right. Red 40, listen. Earn their relationship. They're eating that popsicle, that red popsicle, just whatever, you know?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
That's great. Yes, yes. Do you have family members or friends that would... make comments like that. Because I do.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
You know, it's funny when people find out that you're like part of Ramsey.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, she's like, George, you've done this your whole life. What are you doing now? Is this an act? Yes, that's good. That's good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Okay, here's another one. How much money do you make?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
You get a couple of different... It's dangerous. Yeah, a couple of different takes sometimes. you get some that are like, oh my gosh, seriously? We paid off like $24,000 in debt. Thank you so much. Like, oh my gosh. And I would say 90% of my interactions is that. And then you have like the, oh, okay. Sorry, we still have a credit card. Or like, sorry, we love car loans. Don't like hate me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I will say this, though. I've had friends that are in a similar space that I am in on different things. And they've been so—I mean, they're like, oh, I did this and this and made this and this. And you're like, oh, wow, I didn't know. Okay, that's good to know. If it's in a—weirdly a business context and you're comfortable with the person— It's almost like sharing your business revenue.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, it doesn't—like that does not— Because they're solopreneurs essentially, right? And it's helpful to know like, okay, here's like what I'm doing and what I'm making. Yeah, I don't know. There's a part of me that that's helpful. But they're like solopreneurs. But when it's your mother-in-law and it's like, so how much are you making? Or what? Like that feels weird, right? Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
It's the situation.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Does she ask how much you make?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Exactly. Money-wise? Oh, stop it, George. That's funny.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Shout out to grandma. You know what? I'm going to be that grandma. Give me your info. I want to know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
That's funny.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
They're sharing that information somewhere. That's going to be me. I cannot wait to be... I can't wait to be like in my 80s. I feel like I could get away with anything.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
And I will be toxic. Bougie toxic Rachel comes out. Call me Ray Ray.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Oh, my gosh. I would never.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I'll be a redeemed version of what you see right now. I'll become healthier this year.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, I mean, if your parents are aging, they're older, it's good to know and they're still working. Okay, so it's good to know what the financial situation is so you can help if or when something happens, right? I mean, there are scenarios.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, yeah, yeah. No, for sure. Full transparency.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yes, and being unified, especially as a married couple.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
All right, another conversation grenade. What's your name, address, and social security number?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
I'm glad you don't because you know why, George? You use Delete Me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
And Delete Me is such a great service because it goes online and removes all of your personal info from data broker websites. Name, address.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Stirring the Pot With These Off-Limits Topics
Yeah, because data breaches are so common nowadays. And our information online is, it's a huge deal. It's a huge deal. So to getting it off is really important. And Delete Me, that's what they do. That's their service. And it's amazing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
The fact that he's not talking to her?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
That's tough though. Yeah, I think this is a more marriage communication issue. Yeah, for sure. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yeah, totally.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Right, that's right. Yeah, I appreciate that. Okay, next. Not using Christmas money from in-laws the way they specified. Oh my gosh. Here, you read this one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Oh, no.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yeesh. No, I don't think you're the problem. I think the in-laws are the problem. Gifts with strings attached or expectations kind of give me like the...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
And you have to tell them what you're using it on. That's weird too, right? Like if you're going to give the money, give the money and let the family figure out what they're doing with it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
I agree. I'm with you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
I don't think you're the problem.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yeah, just a heads up.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yes. And better for it, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yeah, I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
So no, you are not the problem. I don't think you are.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yeah, for sure. Yep. You know what else you can save up and pay for? Cozy Earth products. 100%. Unbelievable.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Take that on the ski trip.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Wonderful.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yes, which includes socks, joggers, my favorite.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Blankets, sheets, ropes. We're just going to keep naming things. I know, because I keep adding to my wardrobe of Cozy Earth stuff, because it is, the quality is amazing. It's amazing. If you're to the point that you're like, listen, I'm going to now invest in quality things, cozy earth, it's the place to be. It's time. It's like the most softest, most wonderful stuff ever.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
And I literally use the coziest product. I use two a day.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Guarantee it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
I mean.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
I know. I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
All right. Next up. Not telling our daughter about her education fund.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Oh. Okay, here's the situation. Grandparents set up a college fund for our daughter and son. We assumed they'd both go to grad school, so we told them to use scholarships for college and plan to help them with their higher ed degrees later. My daughter went to school on scholarship and started working immediately after, so we never told her about our college fund.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
My son chose to do grad school, so we gave him his portion, and our daughter asked where the money came from. She's upset. that she never knew this money existed just because she didn't go to grad school. Are we the problem?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Wow, that's pretty terrible. Do you think? That's so interesting to me. Like... Yeah, you have the money to pay for your kid's college. I'm all about the scholarships and grants, like regardless of if you have the money or not.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Okay, there you go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
So that, and then if the daughter is like, oh my gosh, I'm going to try to go debt-free, so I'm going to have to go get a job. and like work really hard when money was just sitting there in the education fund for education and it's not being used for education. It's just sitting there and then she doesn't go to grad school. Then that 529 money, I mean, do you know what I mean?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
You get to drive it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
You know what they say about assume. Makes a jerk out of you and me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Isn't it funny? My assumption is my kids won't.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
I don't even think about that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Nope, and look at us now, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Just giving the internet advice.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Just some YouTubers over here.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
And if you have the blessing to give money to one of the most expensive areas of your life, which is college... Like, do it, right? Embrace it all. Give it all. Like, I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yeah, that's true. That's good. I don't know. Yeah, that would be... And then I would be pissed if my brother got money to go to... I don't know. Do you know what I mean? It just feels so like... Yeah, I don't like it. Sorry. Sorry, parents. You are the problem.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
I kind of feel like you have to give the father-in-law some.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yes. And he's like taking money and yeah. No. No. But then, yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Okay. All right, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Our money is not going to what we agreed upon. Yes. Is what's happening. And I'll say this, too. Go-aheading and separating... it's only been one month is what it says. So it's not necessarily a pattern that I'm aware of. If she looked up and she's like, he's been doing this for a year, red flag for sure immediately. He did it for a month is what it said. He's probably scared of her.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Not right away, unless you guys can't come to it. I mean, like, if you can't come to agreement, that means you can't come to agreement on him spending money and not telling you, which is weird. That's not okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Wow, that's pretty terrible. Do you think? My most, like... Winston's like, babe, it's okay. It's like... Hey, guys, I'm Rachel Cruz.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yeah, like that feels very not trustworthy. I don't like that. Yeah, the secret stuff, not good. That will rot away a relationship real quick.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yes. And I would do that before I make any like rash decisions really quickly because a lot of this is very emotional based, which I understand.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
But until we can get like as two adults talking in agreement and if you start realize, oh my gosh, I still can't trust him because he's not fully on agreement or whatever, then like, all right, we need to start like having some more serious discussions about it. our life and our money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yeah, that's fair. I think that's good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
That's right, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yep. Oh, man, George. This was a lot.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Okay, so some more big takeaways. Let people come to you with money questions instead of offering unsolicited advice, right? That we're not going to just, like, tell everyone what we're thinking. Yeah, if people need your opinion, they're going to come to you. But people are going to Reddit for their opinions, so.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
But he's asking, am I being a jerk for thinking about that?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yep, totally.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yes, yep. So always be transparent. Talk about it. Talk about your wants, your needs, thoughts and feelings around money, all of it. Because again, I think what you're saying is a lot of this stuff ends up being a situation because it's just not said out loud, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yeah, and there's a lot of situations that people are very self-aware because they're asking, like, gosh, am I the bad one?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
So good, George. Well.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Man, trust your gut too. Your first reaction of, am I a jerk? It's usually probably right, too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
No, I don't think it's... I would not put my situation out there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Hey, some people don't. The loneliness epidemic is large in America today, George. So count yourself lucky.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
That you have friends. Thank you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Oh, thank you, George. I appreciate that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
I'd get riled up for you, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Okay, so before we spill the tea on our guiltiest charge, let's talk about our drinks.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Me too, George. It's like one of my favorites. And I usually don't do gin. I usually do vodka. I'll ask for a vodka gimlet, which is not traditional. But the gin's good. The gin has like a... It's got the botanicals. Botanicals.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yeah, you know, or maybe they're trying to throw out their situation to find a little sympathy out there on the internet.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Flowery? Is that what that means?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Very easy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Very nice.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Well, now it's time for Guilty as Charged. And this is where we ask each other a question every week, and if we're guilty, we take a sip.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Oh, man, this is funny.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
We don't know. Yeah, like, I don't know. What do you need? Because... Life can be sticky out there, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
My most, like, Winston's like, babe, it's okay. It's like, where's Charles?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
The girls are usually around, but, like, we were at the beach, and, like, water gets me. I'm very, like, where's Charles? And he's like, it's okay. It's okay. I'm like, did you? Did you? Did you? You know, he's like, yes, yes. So I'm a little on the anxious side sometimes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yeah, because my girls are pretty independent. I trust them. I don't know why.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yeah. Let me think. Yeah, I can overreact to that kind of stuff. Yeah. I don't know. Child safety feels like a heroic overreaction.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Tricky and sticky.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
It's so good. Like such a good mom. I'm such a good mom that sometimes... Sometimes I look for my child in public.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Rachel calls me. babe uh put him on speaker okay you are on speaker right now just fair oh okay i'm glad i didn't say what i usually say when you call okay oh my gosh um uh is there been a situation where i have overreacted recently and it was my problem that's never happened
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Perfect. That's it. That's the example. That's it. That's not my problem. Yeah, that's true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
You know what? I got on Reddit for the first time, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
That was it. Yep, that's it. That's the example I needed. Perfect.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Oh, man. Thanks, babe.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Love you. Love you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Bye. That's right, I did. I lied. I texted them and I lied. I forgot about that. They called. I'm used to Southwest, okay? We always fly to Southwest. We flew United this last week. And they were like, and we're boarding group three, which is actually really good. So they start lining up group one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
And I was like, holy crap, we're gonna miss and we're not gonna get the overhead space because we packed all carry-ons. So you gotta get the overhead space. And I'm like, where is he? Where is he? And they're like, boarding group one. And I was like... I'm like, we're boarding. We are boarding.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
It was a little confusing. It kept wanting me to download the app. Well, that's what they're pushing you to. And I kept saying, stay in Safari. That's why I just kept clicking. Wow. Just stay in Safari.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
And he came out and he's like, hey, there's someone. I was like, I know. But we're about to.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Group one could have really hurried up and group two. And we were group three. So yeah, there it is.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
That was it. I overreacted with our boarding process and that was my fault.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yeah, thank you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
You've got to bring one for the next.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yeah. Oh, yeah. We're not trying to be.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
So yeah, DM us your ideas because we love this segment. It's always a good one. Always a good one. And if you enjoyed this episode, you'll definitely enjoy our episode on things that scream I'm pretending to be upper class. Talking about more unfiltered financial truth there. So make sure to check that episode out and make sure to subscribe so you don't miss an all new episode of
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
No, no, no.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
We're going to read out some problems and let's see if this person's the jerk. Are you ready?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yeah, we'll see. Okay, so this one says, telling my wife's friends I make more money than her. So my wife comes from family money. I do not. Her friends and family joke that I'm a gold digger, but I work in investment banking. I pull my own weight. And at a party recently, her friend mentioned the fact that I don't come from money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
And I shut it down saying, yeah, I don't, but I definitely make more than she does right now. Am I the problem?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
It's gonna be the friend groups, the jerk.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Who's saying this?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
I have my thoughts.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
I think they're the jerk, but I do think his ego got in the way.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
The fact that he has to prove it. The ego is big. The ego drives a lot of our decisions and thoughts in life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Hold on. Don't say that tone. Stop it. No, he could have been like, well, I guess you're right, but, you know, I make more than she does now. Like, I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
I know, but your tone, you can't say a tone with a quote. You have no clue.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
So, no, I think they're the jerk of even bringing that. Like, that's so mean.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
He took the bait, and I think his ego got involved. But I do feel like he felt like he had to prove his own self, which is the ego. But I don't think he's a jerk for doing that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
And this is... Smart Money Happy Hour. This is the show where two friends who happen to be money experts talk about what you're talking about. Everything from pop culture, current events, and money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
I make more than she does.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
No, but I think Winston would be like, well, I'm doing pretty good. I'm still doing pretty good myself. Like, I don't think he would say I'm doing better than her. I don't think he would put us in a comparative statement. And I'm not saying he would even say that, but if he went into that lane at all, it would just be like, I have worth.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Like, I bring things to the marketplace and make great money too. You know, like... It would be more of that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
I don't think he would ever say, I make more than her. Because we've had seasons of flip-flop. Like, there's been years where he makes more than I do. Some years I make more. It totally depends on work stuff. So I don't, but I don't, yeah, I don't think he'd say that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
What about Whitney? Do you think he's being the jerk? I feel like I'm more on his team than you are.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yep. That's good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
And that's even a funny thing. My wife's friends. I feel like all of Winston's friends are my friends. I feel like my friends are his friends.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
I don't know. Anyways.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
I think that's an insane take. George, what a quote.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
It's so true, though. It's a great point.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
That's a different comparison, though. A stay-at-home parent. That feels different to me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
When she was working at Ramsey, I think that's a different conversation. But if she's home, everyone knows she's not like making an actual monetary income.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Oh, I do. Well, me too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
I agree, George. I agree. All right, that was a good one. That was a good one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
You go to the next one. Read the next one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
No. That's a hard—I mean, it's hard. Like, that's—we kind of talk about family boundaries and stuff a lot, and we kind of say it in like a— quick way. But I mean, it's very difficult, right? I'm like, it would be very hard if your mom was battling addiction and in it, but yet she can't support herself, right? I mean, like, that's your mom, you know?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
But yet, you don't want to continue to fuel something that's harming her. Well, it's enabling. But yet, you want to, you do want to, like, are you going to, like, really leave your mom on the street, though? You know what I mean?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
A gimlet is one of my favorites.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
I don't know. It's hard.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
I do not think she's the jerk. No, not a jerk. I think there's a level of protection there. Because I do think once you marry... your immediate family has a level of priority, right? So protecting your husband and if they have kids, like protecting that unit is really important.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
So no, I don't think she's the jerk.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yes, like pay the rent if you need to.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
That's right. Yes, 100%.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
No, I don't think so.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Okay, next one. Not taking internet safety seriously. Am I the problem?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
If you're not taking internet safety seriously, you're the problem. I think so.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Unbelievable. So that's why you need Delete.me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Definitely, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
No.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
But you can get 20% off an annual Delete Me plan, which comes out to around $9 a month. So click the link below and check it out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
All right, next is buying designer items with my own money. I earn over $500,000 annually, and my combined net worth with my husband, well, she said hubby. Can I say husband instead?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Thank you. Hubby and bride are the two that just really, I don't know why.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yeah, my bride.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
and my hubby anyways uh it's three million dollars i enjoy buying designer things for myself with my high income go girl he lives in worst case scenario and thinks that we should save every penny in case a recession comes or our kids need money i recently sold some stocks to treat to buy a treat for myself but i only spent five percent of my income am i the problem oh okay this is a
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Actually, well done, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
this is a marriage issue at this point. Because are you the problem for doing that? No, you have the money, like 100%. Also, is he gonna fully get on board with every like somewhat luxury purchase you make? He may not, because he is a doomsday or worst case scenario guy. And I think he needs to work on himself.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yeah, and I guess if you're, like, literally living off stocks and the stock market, like, dipped down and you couldn't take as much out that you needed to to live your life. Like, you know, I don't know. I don't know what the situation is, but...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
It's very helpful in that way, for sure. Okay, that's good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Ooh, if he cheated... Keep it. If not, I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
No. That's my caveat, though. If he cheats, no. Sorry. You were in a committed relationship, and anything going forward, like, no. What mine is mine and yours is yours. We cut it off right here, and you gave it to me. This was a gift to me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Now, if she calls off the wedding, if they mutually decide together, like, ooh, that's probably it. Gosh, I saw something recently. Oh, love is blind.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
shocker that got called off last minute I was like what was that love is fine yeah and if they both mutually decide to go separate ways I'd give the ring back or if I called it off you give the ring back but if he gets caught cheating so this is you're like this this is fine to be petty because he cheated and keep the ring and sell it that's totally good petty I'm just saying what do you think I think she has every right to do what she wants with the ring do you think she's the jerk for keeping it no
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Oh, yes. We're interchanging the trendy word.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
I don't like that you're using the word petty.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Oh, man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
I don't think you can like just ask for it, demand it come back to you. I don't think you can do that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
No, I think it's her ring at this point.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Give us your legal advice.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
They do?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Yes. And we are parents, so we appreciate not foul language.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
That is sad. I'm so sorry about that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Oh, man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
That's an absurd thing to do. He has, yeah. He has some issues. Okay. Only giving Vegas money to my biological child. Wait, what? Okay, here we go. My husband and I have a five-year-old daughter together plus his 10-year-old daughter. I won money on a bachelorette trip in Las Vegas. It was in the premarital asset, so I paid off debts and put the rest in a trust for our five-year-old.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
When he found out that I didn't put any aside for his older daughter, he got angry. He is still not speaking to me. Am I the problem? Oh, boy. Jeez. Yeah, I think you are.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
But you've had a few slip ups, George, about maybe you being a jerk. I don't know. I heard one recently on the Ramsey Show. Something about a moose?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
If you have, at this point... I think moving forward, if it was money that she had pre-marriage, like I'm thinking like a piece of land or something that she had pre-marriage and this land was supposed to go to like her biological daughter. I'm kind of flipping roles here. Because like it came from her dad or something generationally, right? And then you get remarried and then you get married.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
to someone else and they have kids, I don't think that land should go to those kids. Does that make sense? Or the profits of that go to those other kids? Because it was already there before the marriage. But anything after the marriage, you're kind of building a life together. And if you are still like, if you guys are raising kids together... I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
There's a part of me that like, yeah, I feel like moving forward, what we make and what we have is going to be for all the kids, right? I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
No, I think she is the problem because it's not a premarital asset.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Oh gosh, she did say that. So I paid... Yeah. Oh, on my bachelorette trip to Vegas.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
What? Tell me about the moose.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Reacting to the Wildest “Am I the Jerk?” Reddit Threads
Okay, okay. So she... I guess technically it is a premarital, but like what? Like a few months before? Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Rapper awards.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Okay, let's do it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Okay, so Skyscanner basically aggregates from all of the travel websites in existence. Okay. So it's kind of your one-stop shop, and you can search like an entire month. And it's going to give me the cheapest flight for the month, and it will pull all the different airlines, the best prices. And so I like, that's a good go-to to kind of start your research.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Okay, it's fine. There's, you know, you could do worse. Okay. I wouldn't book through them personally.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
That's what I use.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Well, Skyscanner will include Expedia. It will also include a thousand others. Oh, okay. So it's just sort of like, I want to know I'm getting the best possible deal. So that's a good one. I do love Costco travel. I've done... A honeymoon and an anniversary trip through Costco travel. Had a great experience.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Oh, I didn't think about that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
They include a bunch of bonuses and goodies and credit for the resort and, you know, gift card to Costco, all kinds of stuff. And I like their travel agents. They're very nice. And I say, hey, here's my budget. Tell me, like, out of these three locations, give me the best resorts. And they'll go, boom, boom, boom. Save me hours of time researching.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
So they know all the things. And then Travel Arrow is an extension that I use that basically will see through the Priceline deals because with Priceline Express, you get a good deal, but you don't know what hotel you're booking.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
And so Travel Arrow is a little extension that lets you see through that to go, hey, it's the Kimpton Eventi.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I truly don't know how it's legal, but they're still around.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
They're doing it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Yeah. And I've used this multiple times. I've helped John Deloney save hundreds. That's what I heard. Booking a hotel for him and his family. And so this is a go-to when I want a great hotel at a reasonable price. Because I know it's a five-star in midtown Manhattan. Yep. Great. And then I can use Travel Arrow. It'll show me, oh, it's the Kempton Aventi. Great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Who am I? Do I get to be one of the guys?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
That has great reviews, and I'm saving big money. Even when I pulled up to the front desk, they were like, how did you get this rate? I was like, I'll never tell. Oh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Okay. eDreams popped up because of a wonderful team member that made this drink today, Ibu. And so Skyscanner pointed her to eDreams. I personally have never used eDreams. Use at your own risk. Sounds sketchy. Probably is sketchy. But she claims it worked great and saved her a lot of money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
It's just a sort of a discount airline searcher thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I don't know how they do it, but they're undercutting all of the competition somehow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
So, again, you might have a terrible experience. Don't at me with that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
It's a risk you're willing to take.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
This one's simple.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I always do this. I'll go a day before and after and see what the flight times are. Sometimes you can't help it. You got to fly in on this day, definitely. you're not going to have great luck. But if you can sort of look around and go, all right, I'm going to fly early in the morning. I'm going to fly late at night. I'm going to fly on a Thursday instead of a Friday. You can save a lot of money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I was expecting like, yeah, I could see you as a Hugh Grant type.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Going off season to popular destinations.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
If you want to go to spring break, you're not going to get a deal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
You can't change the school schedule.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Could have homeschooled. Could have solved all of this, Rachel. Could have been a world schooling. Have you heard of this? What? You just travel with your kids around the world, and it takes the place of school. Sounds awesome.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Gru?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Way more cultured. Way more socialized. They probably know seven languages by the time they graduate. For sure. Are they learning? Like, for real? Yeah. They're learning things.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Not learning the Pythagorean theorem, but who cares?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Think about it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
That's a good one. And a lot of these sites, you're having to input a lot of personal info, especially the ones that you don't know all that well. It can be scary.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I will pop that in with confidence because I use Delete.me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Yeah. Yeah, super affordable. Go to joindelete.me.com slash smartmoney and you'll get 20% off. I just got my parents on this. They're stoked on it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Thank you for that. You're welcome. I take it all back, Rachel. Where apparently people with pets who travel for weeks at a time, they're matched with trusted sitters who come to live in your house and care for your pets for an extended period of time. So you can do this. I have a friend who does this. Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
So great. Now I don't have to worry about them getting scammed.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Get your loved ones on this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
This is like a game for me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
And you don't even have to cancel. You can just go to like- reschedule it and it'll recheck it. And if it's lower, it'll show you, hey, you're going to get negative 70 bucks back as a credit. And if you have a bunch of people traveling, this can be hundreds and hundreds of dollars.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Just check it every week. I do. I'm like, it's kind of fun. Or if they drop a sale, they're like, oh, they just dropped a sale. Maybe it's my flight's on sale.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
That's a good one. All right. How about this one? So we get a lot of flack because we say, hey, you don't need a credit card. And they go, Rachel, what about renting a car? First of all, every major rental car company has a debit card policy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
There's plenty of ways to do this, but there's also an alternative called Turo. Have you heard of Turo?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
So you can actually rent Rachel's car because she posted her car on Turo for rent and they handle all of the pieces, the insurance, all of that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
A lot of the times it's cheaper.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Depending on the type, you know, you can get like crazy luxury cars and depending on the timing in the city. But a lot of the times it's cheaper than all the fees that these rental car companies take on. Yeah, that's awesome. And you can easily use a debit card to rent a car with no issue. There you go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Again, none of these are sponsored. A lot of people think, well, she mentioned an app. No affiliation.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Use at your own risk, but we're saying this is one to check out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Oh, yes. This is formerly known as Scott's Cheap Flights. They changed their name to Going. You can find deals 40% to 90% off normal prices with great itineraries, great airlines. And so the free version, they'll send you like U.S.-based airfare. Sometimes it's like a mistake deal, and it's like, hey, get this while it's good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
They'll go to Europe and stay for free and, you know, watch someone's pet while they're there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Yeah, it's mistake fares. And then they'll just send you the best deals on the internet and you let them know, hey, here's my home airport. Here's the places I want to go. And they'll send you notifications to you based on what you said you wanted.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
And with the premium, you can, you know, they'll have international deals. And so if you're a big traveler, this is a must have.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Okay, how about Schwab? Okay, this one I found because a lot of people said, I can't believe you're using a debit card when you travel. You're getting dinged with all these fees. My credit card doesn't. And so I found Charles Schwab.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
If you have their investor checking account, which is free to open, and you fund it with any amount of money, they'll send you a debit card that has no international fees. They'll refund all ATM fees. You can use your card anywhere you go without foreign transaction fees. And so this is one that I have in case of international travel.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
And it doubles as a safeguard because you can transfer whatever amount you want for that trip. to that account, so that's not your checking account. Yeah. If there was fraud, your checking account isn't exposed, just that one account.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
So that's just my retort to anyone who says you can't do it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Just be loyal in your rack of points.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Do you ever have friends who brag about the lounges because they have the whatever credit card?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
With a friend? Did anyone recognize you and was like, how'd you get in here?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
And they have like a guest pass that can take you in.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
The bar at the airport's low. So anything above that is like, wow, this is nice.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I trust myself more than a stranger. That's fair. Call me egotistical.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
But it didn't feel like room service level.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Everything at my beck and call.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Oh, like the little apartments.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
So that's your new... That would be amazing. I'm guessing that's, you know, is that five to ten grand a ticket? I don't know. I didn't look it up.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
So I'd rather be in someone's house. Yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
But I feel like you'd be going to Dubai just for the plane experience.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Just go get a massage.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Yeah. I want to experience it. But again, I'm not willing to pay $5,000 for a massage in a tube. I know. You know what I mean? Mediocre food. I'm good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I have a bar at home with a full-size bathroom. Okay. So, humblebrag.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Oh, can I give you one last one? Okay, go. This one pops up a lot, but if you're a Southwest traveler, I often find they have gift cards on sale at Costco or Sam's Club for a $500 gift card for $430. Okay, so you're saving... 70 bucks.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
So, hey, if you know you're going to travel, go ahead and get the gift card. Why not? Pay cash, put it in the budget, and then you have the money. So good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I don't know. But I would trust a stranger who loves dogs more than a family member who does not like dogs. I would rather a stranger who loves dogs. You know what?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
For you, it's a better use of money than just another thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Something more practical.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
It's the YOLO part of you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Is it more for the kids at this point or is it really for you?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
That's some of the best memories you have as a kid is traveling.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I think it's fun to hike.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
There's some expenses.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
You can't wait till the last minute.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I'm watching you. I don't have access to your every dollar budget, but just know I'm judging you if you're using credit. Yeah, and it's easy with every dollar because you set up a sinking fund line item for travel and you can add $500 every month so that 12 months later you have six grand to spend on this vacation. So it's not a big surprise. It's not impulsive.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Everything's done with intentionality. Yep, I love it. That's the key.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Okay, let me give it another second opinion here. Okay. I'm going to be honest. It's not doing much for me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
All right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Four out of ten.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I've never been so proud to give a low rating.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
It's not the bartender's fault.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
It's a little elementary for me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Yeah. Because what's in it? Here's what's in the Seabreeze. Vodka, sweetened cranberry juice, and fresh pink grapefruit juice. I think the tartness of the cranberry, the bitterness of the grapefruit, it needs something to sweeten it up.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
And the vodka is tasteless here. So... The drink comes out to $2.40 if you want to make it at home. Be my guest. I'm not going to stop you. It's a free country. Just know this is a 4 out of 10, so don't DM me saying, this drink was terrible.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
But it's an easy one. You probably have these ingredients at home.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
That's how you know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Oh, gosh. Oh, that's a good one. Rachel's never tried to be frugal, so I don't know that she's going to.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Everyone's miserable.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Okay, I can think of a very particular time because I think my wife is still mad at me for this one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
We went to New York City, saw the Thanksgiving Day Parade, whole bit, freezing cold. And I decide, I'm not spending another $50 on an Uber to get, we can take the subway and the bus line or whatever that's free to get to the, it'll be an adventure. Yeah. So this is post-Thanksgiving meal. We paid a lot of money for this gluten-free meal. This is my bougie frugal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Yeah, and they're a vet tech, so they've got some experience. She knows what she's doing. They know how to deal with puppies. It was fantastic. Love that. So I would do this. I like this deal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
As we paid a lot of money for the gluten-free meal, we were full after three bites and we have 19 pounds of food. And I went, I paid good money for this. I'm lugging it back to Nashville. So I'm lugging this, all of our stuff and this food on ice from the hotel, hoping it stays good, through subways and buses. Oh my gosh, George. And Whitney is just like, why are we doing this?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
And this is not a joke and it's kind of disgusting. But at some point, we wheeled our luggage through a puddle of blood. And I think there was someone nearby coughing what I imagine was some sort of disease. I don't know. So I lysoled the wheels when we got home. But that was the last time I think I'm allowed to take the subway with my wife. I think she was done after that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
She was like, do you see why we should have Ubered? George. I mean, we're talking lugging luggage up, you know, flights of stairs through a subway. Oh. Not the vibe.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
As long as they're vetted. I want some reviews. I want a service that's backing this, maybe some insurance. That'd be nice.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
But you know, five bucks versus 50 after an expensive trip.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I need to do better. I should have done it for Whitney. I really should have.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
So my lesson, I learned my lesson. When I'm with my wife, we Uber. When I'm by myself, you have a little, you have a time of your life, little guy. Do what you want to do. You know what I mean? But when you're with your wife, like give her a great experience. Don't make her regret all of this. Don't leave a sour taste in her mouth.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
But I did eat that food for like four days straight.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Frugality can backfire.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
That's fair.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Very different travel.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Yeah, I'm living more, I guess, nomadically. But you also are simpler in a lot of ways. Yeah, you're looking for... Simpler minded, some would say.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Well, I just feel like, especially post-COVID, travel is meant to screw you over. Travel is meant to just squeeze every dollar.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
But I feel like everything, like hotels more expensive, flights more expensive, rental cars more expensive. Y'all. You can't travel for less than a thousand bucks these days.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Put a fork in me. I'm done. Spring break.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
That's insane.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Thank you. You're coming to my side.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
You're more of a free spirit traveler. You don't want to think about it. You just want to have a great experience. I am constantly in a state of anxiety while traveling. And I'm always just looking out. Always, you know, someone's going to steal a dollar from me. I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Left to my own devices, I'm going checked. I just don't want to have to worry about shoving it all in there. I don't know. I had a four and a half ounce toiletry. I'm going to jail now. It's too stressful.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
And I bet it was a pretty nice hair product.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
What is this motion?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Yeah. All right. Do you know the brand he's using?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Go instant.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
When's the last time you had a check bag? Like a week trip, you're not taking a check bag?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
That makes sense.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Well, don't gatekeep.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
It counts as a carrier?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Yeah, and there's a bonus. Nobody's going to steal it. Nobody wants to be seen with that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I'm so glad. Is that trend over? Are we done there, Bradley? I don't want to offend anyone.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
And those are the same people calling the Cybertruck ugly? I'm sorry. Can we trust your taste?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
All day long.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Because I'm all about efficiency. So this is one. It's my favorite. 80 bucks for like five years? Are you kidding me? All day. Now, here's the thing. If too many people use it, the TSA Pre line becomes longer than the normal line.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
But to not have to take off my shoes and laptops and deal with the riffraff.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Because it's never a first-time traveler going through TSA Pre. They know what they're doing. Yes. It's like, these are my people.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
We're sipping on a sea breeze, which feels appropriate.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
It got revoked?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Okay, I need to know what it would take to get my TSA pre-revoked.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Oh, that makes sense.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I've never done clear. I think clear is a rip-off, personally.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Hey guys, I'm Rachel Cruz. I'm George Camel. And this is Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
If I was traveling for work a lot, I would find clear to be helpful. But as often as I travel, it's not worth it. It's much more expensive than TSA Pre. I want to say like $100 to $200 a year.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
And you get to skip to the front of the TSA Pre line.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Was it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I guess in a real busy airport, that'd be helpful.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Can I be honest? The Clear people always felt a little pushy. It felt like an Apple store. It's like, whoa, there's five of you. You don't need to be hassling me about Clear.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I didn't know they could do that at Target.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I wish you said, my husband makes all the decisions in the house.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Back in your day? Like, we're talking 2000s? Tyrone Wells or something?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Just play trad wife all the way.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
So yeah, we're both TSA pre. Yeah, TSA pre all day.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I will say if it's free. So first class. I used to have the Southwest coupons. This really bothered me. Did they take those away? They took them away. And here's what happened. I had like nine left. And either they didn't ask for them or they expired, whatever. I tried to use them and they went... we don't do those anymore. I was like, okay, salty Southwest. Oh no. So I can't, they're done.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
And now I'm not paying 10 or 12 bucks a drink. I don't think it's worth it unless it's free. Okay. Or unless I'm really desperate, which in which case I'm like, maybe you shouldn't if you're desperate for it. You know what I mean?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
If you know about a burnt CD, you know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
What do you mean no one's bothering you?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Yeah, that's fine. I guess in a special occasion I would. If it was like an anniversary trip or something, you know. I don't know. I'm not saying I wouldn't.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Yeah, I don't know what it is about a beer that early. It feels different.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
It's a maritime law.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
But he's like, drinks are a ripoff anywhere you go. So actually on a plane, it's cheaper. That's true. On a Southwest flight.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
There we go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I have it right here. What would you guess? If I'm going to guess.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I feel like Delta would get you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I feel nostalgic thinking about a burnt CD with handwritten songs on it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Frontier.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Am I close? Is it a budget airline?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Spirit. No, it can't be Spirit.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Spirit Airlines and Allegiant. There's no $6 alcoholic drinks?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
To be fair, if I was on a spirit flight, I would have to drink. You're like, this could be the last on a spirit flight. I get why. They're like, people are going to pay whatever. Trust me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
God bless.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Try to avoid it, but if I'm with my wife, things will be purchased.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Like I'm the guy who's like, I'm not buying a $9 water at the airport. I'll bring the empty one. I'll fill it at the little filter station. But that's the one thing I will buy is a bottle of water.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Gen Z will never know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Other than that. If I really need a meal, I'll do it. I'll try to find something affordable. Maybe Whitney and I will split it. But I just feel like you could spend $90 just waiting for your plane to arrive.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
You listened to that album. I wonder where he went.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
That's a real fear.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I will pay for good coffee in an airport because I have a distrust of airplane coffee. I've heard things. I have too, the water filter. Don't want to start any theories.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I'm telling you. I don't have any proof. I don't know what it takes to even get it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Yeah, I do bring a little baggie with different snacks.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I do have a snack bag at all times in my bag.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Here we go. Well, hey, stick around until the end. We're going to give you our rating for this drink and reveal the cost per glass.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
No, Mia has her own.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
But yeah, yeah, yeah. We don't do the same snacks yet. I think eventually we'll have a crossover, which will be really special for us. But I'm not really into like yogurt melts. You know what I mean? It's not my thing as an adult. No, no, no. Yeah, I want a little dark chocolate, something a little refined.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
A little something salty.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I do have, this is my travel must-haves. Neck pillow. Eye mask. It's an inflatable neck pillow, so it's easy to travel with. I love inflating on a plane because no one's going to bother you. They see that guy, they're like, don't even start a conversation with him.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I wouldn't say every.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
A judgment with a neck pillow. Never used one in my life. You're just going to stand there holding your own head up like an insane person?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Eye mask. Got my AirPods Pro.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I don't say I always use it, but I always carry it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
So here's the latest in travel hacks.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Eye mask, neck pillow, the noise-canceling headphones. I use the AirPods Pro. That's a big one. And portable charger. Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
You are a Boy Scout of traveling.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
This one is a game changer. I saw an ad for this service called Trusted House Sitters, and immediately I felt like I was Kate Winslet, little Cameron Diaz, the holiday, the exchange homes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Oh, that's your go-to for airport travel.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
I think I saw that on Instastory. I was like, he's an influencer.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Wear that on the plane. See if you get any looks.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Wish I could take that on the plane.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
But I'd have to burn it after because of all the plane germs. Yeah, that's true. I have an issue with that. If it touches anything, it's over. So I keep that at home. Keep the blanket at home. But yes, Cozy Earth has amazing quality products. It is truly, if you're living your best life, you want the bougie experience, get it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
And we can make it bougie frugal because you can use promo code SMARTMONEY at checkout and get up to 40% off. So go check it out. Go to CozyEarth.com slash SMARTMONEY and use the promo code.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
That don't involve trying to get enough credit card points. My least favorite hack.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Our Ultimate Guide to Budget-Friendly Travel
Just spend 50 grand in three months and you'll get a million points. You can use that to redeem it. Stop. Just stop. You're exhausting.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I don't ever ask him to clean up after me. It's on my nightstand. Well, three days.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
My nightstand too. And my cup holders.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Eventually you go, someone's got to do it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
No, I'd still do it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Thank goodness for two spaces. Yep. Two toothpastes. Thank you, Lord.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Never.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
It looks like a crime scene. Is it all over the counters? In her bathroom drawer is a crime scene.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
So it just got... I'm a child, y'all. I'm a child.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Well, I just don't... It's not about that. It's not the squeezing. It's the, like... It's the...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Oh, you don't know how to get it on.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
That's right. This is going to be a fun episode. We got questions in the fishbowl that we're going to draw. You see that fishbowl over there?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
She doesn't know how to get it on. It's the motor skills. Okay. It's the motor skills.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Cool, cool, cool. And don't close the lid because it can't. It's no longer. It won't go on. It's gunked over. Yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I know. It's bad.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
It's fascinating.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Rachel didn't say her. I mean, it's kind of on the same lines. His tolerance for like the kids in like his bathroom drawers and stuff. Like we have three kids under nine. Like kids are going to be, they're going to be everywhere and they're going to, you know. But when he like opens his drawer and everything's not, who's been in my drawer?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
My cotton balls aren't, you know, whatever, whatever, whatever, whatever, whatever.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
It's in the drawer on the side and it has like the kids homework in there. I mean, it does. I mean, it can get, it can get crazy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Unbelievable. Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I have like three spaces that you cannot touch.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
That's what he always tells us.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
My wallet, my bathroom drawer, and my network gun closet.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah. Well, that's a safety issue.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Well, I say the same thing to all of the spaces. And I don't have any cotton balls in there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I see that fishbowl. No fish, just questions.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
It's just like, you got to be flexible. Like, stuff's going to happen.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah, be flexible. You got this whole house, but you want my bathroom drawer, which is perfectly organized.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
LaCroix is done.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
But if everything's out, you can see it all. Yeah. So it makes it easier.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Draw some questions out. And we're actually going to play a newlywed game. We have dry and erase boards and everything. It's going to be pretty entertaining.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
He does like two things to get ready for bed. And I'm like, yeah, that's why you don't have a bunch of junk all over your counter.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
So in the same vein, mine is also the tidying. He has to tidy every night. And if I'm not in the mood to tidy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
He is passive aggressive about it. He's like, why aren't you helping me tidy? I was like, oh, because I've tidied after a toddler all day. I'm out of tidying. I need to lay here. Yeah, I need to lay here on my heating pad and chill.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
at night.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I'll sleep better. You got to let go of that stuff, man. It feels good. You can't. All right, George, one thing we can all agree on, though, is that Cozy Earth has the best products.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I mean, obsessed, y'all, from the PJs and the sheets and the socks. I got some lounge pants. Love them. I mean, like seriously, everything I buy. And I even bought a ton of Christmas gifts off of Cozy Earth because it's just, they're amazing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
That is amazing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Especially when they're tidied, even better.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah, which is a huge code, you guys. I mean, because I will say, again, it's quality products. You're going to pay a quality price for the stuff, but it lasts. The material is amazing, and you're going to love it. So make sure to, yes, use the smart money happy hour code.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I know. Do y'all have a lot to roast us on, you think?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Oh, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I did. I did. I couldn't wait.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
It was very out of character for me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I love it. But it was so good. So check them out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I don't know. No, it's not.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
So great. All right, Whitney, you draw one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Let's see what we got here. Name the top three qualities you admire most in your spouse.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
It's a pretty mild episode.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
That's a nice one. Gosh, here we go. Happy Valentine's Day. My number one for Winston is he is a man that like continues to work on himself. Like he's not a guy that's like, oh, I'm fine. There's like a major level of like, oh yeah, I want to continue to learn and grow. And I'm curious about this part of me and all this, like it's one of the best.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Okay. All right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
We'll roast you then.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
To be married to that type of man is like the biggest gift ever. I would say his kind of pairs with that humility. I feel like there's a level of just an honesty, a vulnerability, like here's who I am and here's what's going on. And there's not a lot of like pride in that. And so that's been like so helpful in marriage. And then third, I'm gonna say, okay, it was my pet peeve.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
See, it's a blessing and a curse. I'm gonna say your level of taking care of things. His organization, his like, he can do stuff like, oh yeah, your tire's low. Here's the tire pump thing that I have. Or here's the, there's this, this, the washer dryer broke. Like, it's like, I just, you just take care of things. He's like a proactive, proactive guy. So there you go. Off the top of my head.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Thanks, babe. Very nice things. 15 years of marriage. Let's do this again tomorrow. That's great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I'm going to go with authenticity is probably my number one. Because I feel like Rachel's the same wherever she goes, which is really hard to do.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
On camera, off camera. And then she's really intelligent. And so I love watching her have conversations with... And she is so like smart and quick and up to date and has great perspective and things to say when we're talking with people and with us, obviously. And I'm going to go with her nails. I like her nails. I've always liked her nails.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Always love my nails.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Like natural.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
He's a scratcher. He's like a cat or a dog. I am? Yeah, just like he likes to be scratched.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Oh yeah, I am a dog.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Head, back, like that's his love language.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I do have long nails. She's always had great nails. I always liked them. So I'm going to go with the easy one. I'm surprised you did none of that for Winston.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
You want to do me?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
But I did think I was taller than him until our first picture.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
And I had to pray about it for her to get over it. So for the record, I would have dated George if I was taller.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Whitney.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Same thing. I would say, even though, yes, I give you a hard time for tidying, it does give me... A great, like, mental, like, my mental space is not free of, it's free of, like, all the clutter and stuff in our home. Like, I don't have to, like, worry about those stuff because I know you got it. Watching you become a dad, you just love Mia and she obviously loves you so much.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Like, all day long, it's just like, da-da-da-da. And I'm like, he's not here.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I'm like, I'm doing all this right now. But that's been so sweet just to see y'all's relationship. And then the last one would be, I just know I can trust that you have the best intentions for our family and our future. I feel like George is already 10 years ahead all the time. And he'll bring me in, which is great, and all his spreadsheets and stuff that he just nerds out over.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I know the very first time that I met her in person, she was coming over to the house that I was renting. This was in college. And she was with... One of my roommates. Oh. He brought her by. And then she comes in and she shakes my hand like we were like. Business acquaintances? I mean, like she was in a job interview. I had never played. Rachel Ramsey.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
But it's cool that he cares enough about where we're going instead of just like,
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
us waking up one day and being like oh shoot what's happening here so i know that i can trust him in that just to like care about you know our family and our finances and all the things so it's really sweet that's so good thank you man well done today like george even more now well done that was a really sweet time let's get back to roasting each other george is bored i'm more comfortable no it was really sweet i think people tuned out
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Winston's physical touch. I mean. Oh, bingo. And the key in the book is, like, not necessarily sexual, because everyone's like, oh, yeah, of course, physical.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
But, like... What's my number two?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
He always says, like, can I just have a hug? Like, I just need a hug, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
And Rachel's flying around the house, making a schedule for, like, next year.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I know. I'm like, I'm sorry, sorry. And then I pat him sometimes. And he says, don't pat me! Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
No, I'm sorry. It's like we're buds.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Bro, thanks for that hug in the kitchen. Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
You want to throw darts later? Second would be quality time.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Oh, man. Way to go. I got you, babe. I got you. Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Rachel's. Words of affirmation. Acts of service.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yes. Did I get them in the right order?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Oh, boy. Yeah. No, no, no. Tied? Yeah, I'd say tied. Yeah, interchangeable.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Love your nails while I'm doing the dishes. That's called a callback.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
100%.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Someone does it for you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yes. That means the world. But let's just say it's not things that always need to be done in that moment.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Act like you do all the things. Keep going.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Let me do this. Through priorities. It's like, what do I see in front of me?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Whatever's there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
His version of quality time is us sitting together in silence on our phones, but we're still together. Where I'm like, no, we need to be speaking to each other.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I agree as a fellow quality timer.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Wow, thank you. All right, next question. Let's see this one. Were you and your spouse on the same page financially when you first met?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
How much debt did you have?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Okay. So you were debt free too. Yes. Yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Agreed.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I was a college kid. Not listening to talk radio. Fair. Pretty much all of them. So where were you at with your money? Back in the day too, right? I loved work and I loved like earning money. I was into the credit thing. Like I remember getting my first $500 limit because it was all strategy for me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I had never played the handshake game with a female until then. But it was like this like, bro, standoff. And so she does the tour of the house with my roommate and they leave. And that's the first time we met.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah, yeah. And I was going to be great at it, you know? I wouldn't say we were on the same page when we started dating. And then I don't remember having specific conversations around it, but I just think as I got to know her family, I just started to adopt certain principles, probably. We did go through financial peace.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah, I think we did watch it. I think Dave made us do that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
He made us do that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
He did on engagement.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
That's your prenatal... I haven't thought about that in 12 years.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
We went to a class, y'all. Like, we went to a class.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Like, did they... Not until I was on the lesson.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
No, I remember thinking, oh, this is pretty funny, that, like, I'm out... You did? We're getting pizza and like, there's the... Did you really? Yeah, it's your Eagle credit card.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
But you didn't say any... I mean... I didn't really care.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I mean, honestly, I'm 19. You're 20 years old. I'm out with Winston.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Last thing you're thinking of.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
He's driving my car. It's great. I'm fine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
It was like a SUV, Lexus SUV. Nice. Yeah. But with the money, because people ask us this a lot. And I'm like, yeah, number one, we were so young and it was kind of like this. And you weren't like a crazy like, oh my gosh, I want this crazy nice car. He's not a consumer. Like consumerism is not Winston's like top issue, right? So because of that, he's like very practical.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
And so the idea of living with what you have, not going into debt,
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
It fits my personality.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah, I was like, it wasn't this big like, yeah, it wasn't this like, oh, I have to change my mindset.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I was going to work hard and be practical with or without credit. I really was. So I was like, okay, without.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Okay, yes, FPU is a great class, right? Worth the money you pay. You know what else is worth the money you pay? What's that? For Delete Me, a subscription that literally this company goes in and removes all of your data that is online. So data brokers come in and get your data from websites that you filled your information out. And so these data brokers, they have...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
your address, your number, your name. I mean, it's crazy the information that you have that's out there. And Delete Me goes in and removes your information from all of these websites. So it helps you, you know, stay away from like scammers and spammers and everything out there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
But I walked in. I was like, classes hadn't started yet. I was just a freshman. To this house. And legitimately, I was like, there are so many good looking guys that like love Jesus. They're like good guys. They're like young life leaders and stuff. And they were like, all had like visors on and like outdoor bags. And like, y'all were all like campers.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Very nice. It's what you need.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Some peace.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
And their plans start as low as $9 a month, you guys. So it's really inexpensive. And in the world today of technology and internet and all of our information out there, it is worth it protecting your information. So it is a great service. I love it. And it's so fun to get the emails and the reports to see how many hours you've saved. They saved you. From removing your information.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Okay, next I think we should play a game. And we could play like the not so newlywed game because we've all been married, you know. Yeah, how long? Six years. Jinx, you owe me coke. Six years, 15. Wow. I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
This episode comes out. This is like a trivia. At Valentine's Day, do you remember when you proposed?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
the day before Valentine's Day like a true strategist I know the 13th get into the restaurants that's true that's how you get into the restaurants notice that menu on the stone actually I don't know why I did it maybe that was it I don't know I didn't want to be cliche that's kind of my four coming out yeah but I thought about that this time of year this is when we got engaged that's so funny okay so Kelly our producer is going to ask some questions so let's get our whiteboards what is your wife's favorite fast food order oh man this is hard I have a lot
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I just wrote one and then I thought, oh, but there's another one in my head that's really good too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Gosh, George. That's a long order. It's an exhausting life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
We have dietary restrictions.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Okay. I'm ready.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
All right, Winston, what'd you put?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I went with Taco Bell. Non-specific. It's the dirtiest fast food.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
You just went Taco Bell.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Rachel?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
All right. Do you know what her Taco Bell is?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Two soft shell beef tacos.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah. That is true. That's correct. That's not what you wrote. No. No. Oh, wow. Can we see? That's really good, too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Italian. Sorry, Italian.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
From Firehouse Sub.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Fully involved. Yes, that's exactly right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
And this Brentwood girl was walking in like, wow, what's an outdoor bag? Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
You got to tell them. One to zero. Wow. All right. Y'all are winning. All right. Second question. What is your wife's vacation dream spot?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Oh, gosh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I don't like dream. That's different. Yeah. Then where are we going to go? Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
All right. Winston. Winston.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Oh, New York City. Wow. Look at that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
And I went beach first, but then I went dream Europe, cross that out, back to realistic as beach. Wait, with a what? 30A. Oh, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
She covered the whole highway for you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
That was good. Okay. All right. Last question for the guys. What is your wife's favorite place to shop for herself?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I was like, there's a whole other world of men out there. But I thought you were good looking.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
No, her favorite place. Like, where does she go most often? I don't shop.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I'm kidding.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I'm kidding.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yes. Yay. Such a close.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I can't even, okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I know, sorry, sorry, sorry. What do I like? I don't know. Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Okay, you can go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Dang, that's it. That is it. I put Nordstrom, but that's what it would have been.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
You know her better than she knows herself, George. All right. It's me and the Lord.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
You get internal points. Whitney and Rachel, what is your husband's favorite music album of all time?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Can I say an, okay. That's the hardest question. I don't know albums. I mean, I genuinely, can I say like favorite artist? Let's say favorite music artist of all time. Okay, that's better. I can do that. I can do that. Artist.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Oh, thank you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
No. No.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I get it. Makes sense.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Makes sense.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
All right. Whitney?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
How do you say it? Bon Iver, Bon Iver? Bon Iver, Bon Iver.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Okay, it's the same word. It means good winter in French.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
All right, Rachel? Winston loves Gavin DeGraw.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Oh, way to go, man. Nice job. I guess what I thought you would guess.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah, I was fascinated by you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
No, piano.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
No, he's awesome.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
What's one chore around the house your husband hates the most?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Oh, easy. Don't process it. I'm going for it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
All right, Whitney. Whitney? I said deep cleaning, specifically the shower.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Which, how many times have you done that?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I'm being honest.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Rachel? I said laundry.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
No, you love adult dishes. You don't like baby dishes. What was the laundry? I think we were married like four or five months and you did laundry.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
And I was like... Probably perfectly.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
And what did I say? We joke about time.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I think laundry's your thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
So I told him, I was like, I think laundry might be your thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I was like, I need to stop doing laundry so often with my acts of service. She considered it like it's one of his greatest talents.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I did. I was like, you're really good at it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I understand. I'll wash and dry and wait until George gets home to fold. Okay, the folding.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
It's the folding of the detail people.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
All right, last question unless we have to go into tiebreaker. Okay. Oh, Lord. If your husband had to pick one TV show to watch for the rest of his life, what would it be? Oh, man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Man, oh my gosh. One TV show for the rest of your life. It's not a good sign when I can't think of it. I know. Oh, man. It's not that deep. All right. Okay, Whitney.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
It was a great... I mean, Rachel alluded to it. She actually... Went on dates with multiple roommates.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
This is for the championship. Seinfeld.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yes! Oh! Oh, wait, this is his. I almost said Breaking Bad. I love Friends because I love Friends. Rachel. Okay, I'm putting this. Because it's kind of my two Real Housewives. All right. Real Housewives.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Because I have to.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
You laugh at it a lot.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Babe.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Oh, no. Oh, shoot. How it's made. Yeah, that is Winston's. Totally. Okay. The Camels won. Yay. I went me. I went so selfish.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I mean.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I just hate that I went selfish with Real Housewives, but you do think it's funny.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Oh, gosh. If I have to... That's what I sacrificed to be with you. Okay. There it is. There it is.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Congratulations on the win.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Oh, wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Y'all are way ahead. No, geez. She'll bring it back up. Cool, cool, cool.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
All right. So, if we could all each leave a final money tip... for the viewers and the listeners when it comes to, are we going to go money and marriage specifically or just life money tips? George, what do you think?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
So this is literally... This is the bachelorette. It was the bachelorette before the bachelorette. I did not overcook that statement at all, but she went out on dates with... Uh, one other, maybe two.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Okay. So just a money tip. Yeah. What would you say to people out there?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Top of my head, I would say just practicing contentment. Like one of my biggest traps, I'm always kind of like looking at the next thing, which is great to have goals, but sometimes you need to be okay with what you have. So even in singleness, like you don't have to be chasing the next thing all the time. Beautifully said. Well said.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I would say that the way that my relationship with money is always telling a story about...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
me on a deeper level so if i'm wanting to spend then there's probably a lot of reasons why and so it's not just the money of it it's telling me a story about where i'm at so it could be because i want some control it could be because i want a little hit of dopamine so i'm gonna do a little amazon shopping it could be because i want some i want to feel powerful it could be because i'm scared it could be you know all kinds of different things and so
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
My tip would be, it's telling you something about where you're at in the moment.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah, on that same kind of idea, I would say to have money in its rightful place. Because I do think even being in a career where we talk about money a lot and we're like, budget and get out of debt and save and invest and all the things, which is very important and you need to do to create peace in your life. But put money in its proper position in life because I do think people just chase it
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
inch a status and there is an underlying belief. If I just had more, kind of what you're saying, Whitney, like I'll be okay. And to a degree that it's an unhealthy part of your life, more does not mean that it's going to be better. So. when you can kind of get to this place of like, it's great and we want it under control. We don't want it to be a stressful thing in our life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
So we're going to do and make wise choices around us. So that's, it's not the thing that we're chasing all the time because it kind of leads to a dead end.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Listen, my rule is if a guy asks me out to dinner, sure. So you did three out of the four roommates before you landed on this. No, no.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yep. Love that, George. That's good. Well said. So well said. And marry the correct person.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
You know, I saw an Instagram reel, and I don't know who the guy was, but he was like an older looking guy. He looked very smart and rich. And the interviewer said, what's the number one thing you would say to people? Like the number one piece of advice ever, ever. And he said, marry the right person. That the spouse, I mean, truly the spouse...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Hey guys, I'm Rachel Cruz.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Not dated, but she went out with a few. And then, you know, and then... It was not serious. I was trying to figure out life, as I still am. And so then she became great friends with my younger sister, and the circle started to get tighter and closer, and then... She was available. That's a good start. Green flag. All the roommate stuff had kind of like washed out. Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I'm not usually a dark liquor cocktail person anymore. But I think I would order... I'm going to give it a 10 out of 10. I think I would order it at a restaurant. It was really good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Winston? Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Rating?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Honestly, it's growing on me as a cocktail does, but I'm like a six and a half.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
All right, now it's time for Guilty as Charged. And this is where our producer Kelly gives us a new Guilty as Charged question every week. And if we're guilty, we take a sip. Kelly.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
So this one's a little bit different. This is, what is your spouse's most toxic money trait?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
In Rachel's haste, sometimes she has fallen for scams. Sometimes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yep.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah. Show me the website. I know. No wonder you need to delete me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I just don't think through things sometimes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
So exciting. Yeah, exactly.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Rachel, what's Winston's? Winston's toxic trait is that he claims and is undercover a saver. Doesn't spend. I mean, literally, we will go through, we'll go through like, I'm not kidding, a month, two months, maybe three months. And the Winston line item in the every dollar budget is, Like there might be like one Starbucks in it. I mean like nothing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
And then he comes to me and he's like, hey, I kind of want to buy a, piano that's against the wall that's silent, even though we have another piano, but he wants to practice piano where the kids don't bother him, and it's a lot of money. Or I want a sauna, but I kind of want the really nice sauna, the three-person sauna. It's going to cost a lot of money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
He never spends, but when he spends, it's like a lot of money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Lifelong product.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
lifelong product. And I'm like, sure. I mean, I'm great. I'm like, yeah, that's fine. Right, we're not going into debt for it. Like, we got it. So, but when he spends, it's like, I could buy. My Amazon packages don't equate to what he spends. Like, I think if we added it up, you actually spend dollar amount more than I spend.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Thank you. Yeah, a thousand cuts versus a piano.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Well, no, the piano's silence because he wanted it away from the kids.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
More clothes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Okay, what's yours? All right, Whitney? I mean, it's weird how, like, similar we are. That's exactly what I was going to say about George. When he, so same thing, he won't spend frivolously for months, and then all of a sudden he wants a bed jet that will air condition his bed. Wait a minute. Side at night. Why don't you tell them how much it was?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
We hung out this long, and the bed jet didn't come up?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
And he just bought a bed jet mini because the big one had too much air conditioning.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
And so I called her and specifically remember asking her on a date because I'm old school.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
This is fascinating.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
But even minor things like just girl stuff, like when he gets his haircut every two weeks, so that's in the budget. So obviously that's like normal. But then when I go and get highlights, he's like, whoa, like freaks out. But I'm going twice a year, which is way less than his twice a week haircut. Toxic. Toxic!
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I put money back in the budget.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Because it's 50% off. And I don't know my size anymore. I just had a baby. I'm going to throw that card in there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
represent and uh no i didn't i didn't no take that back yeah you didn't you hung out with me twice i went in with the can i drive your car method yeah that's not a method he wanted to like hang out a couple of times and then i remember saying i'm not hanging out with winston cruz anymore unless he asked me on a date because i don't know i don't know this game to me i think by that time i just said date wow that's the magic word i guess like hey can i borrow your car
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
It's the trump card.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Also, I'm not doing it every month, you have to be honest. This is like once every two years. Don't even.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Hey, you know what? Mia's going to love you. I just took my girls to Target, and I was like, should we get some new boots? They're like, yeah. I was like, okay, okay. So we went and bought new boots, and it's so fun.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
And I got Mia three pairs of shoes the other day, and he was like, what is this charge? I was like, your daughter needs to be happy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
No.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
But she's cute.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
And this is Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
That's what I've learned. Thousand percent. That was fun.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Very much.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Thank you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Glad you know each other better than we do.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Double date. Double date. So great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Rachel still wants to finish the... Newlywed game. What am I like?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I'm trying to write sports at dinner. Thanks for having us to dinner. Should we do round two?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
It's three to two, I think, from what I remember. Best out of three. Best out of three.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Best out of three. Oh, man. Well, thank you guys for listening and watching. As always, you can check out our episode on why fewer people are having kids today. It's not us because we got kids, but make sure to check that out. Subscribe and like, and we will see you guys next Thursday on an all new episode of Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
No, he was like, you had a new car. Let's go drive it. I'm going to drive your car.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I didn't need a ride to CVS. Wow. It's very different.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
No, this is the how we met story. And then we went into, oh, then how did it start to go? First date, sparks fly, bada bing, bada boom. She's Rachel Cruz. So much sparks. Many.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
All right. Okay, how about you guys? Settles it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I think I'd like to hear your side. Yeah. And it was my first week and George came and said hi to me. And he was one of the first few people that was super friendly to me. But it wasn't in a flirty way. It was actually like, oh, this guy is so nice. Yeah, just a nice guy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
But we didn't start dating until like two years later because at the time, Ramsey was a lot smaller and you had to kind of know. It was more awkward to date.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
yes I remember that if you were gonna like actually date or work out cause the whole company I feel like was watching you at the time totally so y'all worked at Ramsey for about two years before you actually like started dating yeah how long did y'all date for before you got married? A year. Yeah, just over a year. We did hide it for three months. We didn't tell anyone at work.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
That's right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
And someone came up to me and they were like, that George guy is really weird to you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah. And I was like, oh, is he? I don't know why. People are watching, but you weren't a personality then. No. You're doing social media. Yeah, yeah. This is before personality.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Cannot believe it, but I'm going to go ladies first. Whitney Camel. George's better half.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I was like...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Oh, I was. He didn't even ask me out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
To ask her out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
No, they think we should go on a date. They think we should go on a date. That's what he said. Oh, no, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Be honest.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
And I was on my way to church.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
And I literally said to him, I was like, I'll get back to you after church. So I was mad because I had sneakily given him my number. So I was like, you have my number and you're doing this like. You need Snapchat. You're putting me in a trap because he's not actually asking me out. So then you're making me feel weird.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
You were. Self-preservation mode. Yeah. Unhealthy George. Exactly.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Cannot believe it, but Whitney Camel. George's better half.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Them. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
That's right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Oh, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
But I came back and said I'd go on one date, and then I regretted it because we had fun. But we didn't start dating again until Christmas party of, what was it? 2017 or something?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Oh, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
That's so great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Unbelievable. Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah. I'm not saying I had the best idea to do a car, and that, you know, it worked.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
But I never did that story, so that's good to hear.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I love it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
What is this? Are these questions for them?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Okay, all right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I'm ready.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
For sure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yes. Let me take a minute. Take your time. I think we were going to cover this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah, how about you guys?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
We're as opposite as it gets.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I feel like same. But I do have my nerd tendencies. You don't give me enough credit.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Wait, y'all are the same? No, I'm free spirit.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Oh, you're like a Dave and Sharon combo. Oh, look at that. Look at that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
This has been the longest sales job ever for Whitney and I. It feels like it. Finally closed the deal today. Congratulations.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
No, she's the Sharon. Oh. The free spirit saver. And you're the nerd spender. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I need like X and Y axes for this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I don't understand. I know. Because I'm the spender free spirit. And you're the nerd saver.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Just a straight one or the other for us.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah, we don't mix it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
That's amazing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
That's good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I probably might.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
You need the Winston in your life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I do.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
We'd either be like living crazy or in a hole if we were both one or the other.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Either way. No fun or just all crazy. Yeah. We're going to chill out. It's good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
One down.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
One down. Here we go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Are we doing all this? All of them.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Possibly. What's one challenging aspect of being married to a Ramsey personality?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I would definitely say, what do you call it? Energy something. Energy... Management? Yes. Like just going from podcast to camera to everything all day and then coming home. And then I'm a stay-at-home mom now. So I'm like, hey, talk to me. But there's literally nothing left in the tank. So I think that's... Probably the hardest part is you have to just lay it out there all day.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I know, but Rachel's goes up, and most people go down.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Ah, it's amazing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
It is amazing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Which is maybe why it's a challenging part of a resume.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
No, it's great. Stop.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah, Rachel charges while she's driving. It's weird. That's amazing. What's the biggest challenge for you, Winston? There's a few. I'm married to a Ramsey, too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Well, this episode's going to be very special.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
We got some therapy sessions. Here's an interesting one. I think most people think that we have it all together. And so if you're always treated like the guide or the person that led you somewhere or taught you something or helped you celebrate a milestone in your life, sometimes you're like over here with your story, you know, and it's like, okay, that's great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I think you'll prove it after today. I think you'll prove it after today.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
But we're not like perfect, you know, at all.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I think it's just the assumption that because Rachel is a Ramsey personality that we have all the answers.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
And we don't.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
You're right. That's a good one. Yeah. The humanity of life is very real for us, regardless of job or not. Yeah. And some people don't always expect that or see that. But yeah, that's good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
And on the flip side, though... Like if people come up to Rachel in an airport, I don't have to do anything. And that's awesome. I know, it's so awesome. For an introvert, she'll talk to all of y'all and I'll hang and just kind of like part B as we go. Do you ever want to be introduced?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Well, overall, this is the show where two friends who happen to be money experts talk about what you're talking about. Everything from pop culture, current events, and money. And this episode, obviously, we're going to chat our marriages, which is so fun. Marriage and money. And we're going to sip on a... Hanky Panky. Oh, a little Hanky Panky.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
No, I actually have learned to embrace the awkward and just be like... Just stand there. At first I was like... Shake hands.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I taught you that, babe.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah. She taught you how to shake hands? It's the farthest handshake ever.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Very stiff, like just... Well, no. She's assertive. As an 18-year-old girl.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
She called me sir. It was so crazy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Me?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I could tell you what our last electric bill was. I could tell you the gas prices, too. And Rachel's like, she checks. She's at this level up here, and I'm down in the wheat.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
100%.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Would you describe it that way?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
So she's CEO, you're CFO. We have our roles. That's exactly right, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
That's exactly right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
A real fun-spending CEO. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I am like, hey, how much is... So you're like her business manager.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
At a big picture, she's like, are we going to be okay? And I'm like, do you think we'll be okay? That worries me. You're seeing the same thing I am.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
We're building a pool this year. So there was a lot of checks being written. And he's doing all that, right? And I can log in and see the account, but I am like, okay, how much is left? And you have the spreadsheet, the details, you have a lot of that covered.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah, I just have more control issues than you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Probably. You do. There we go. That's great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Very similar, would you say?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I'd say almost exactly the same. No changes. Wait, who's boots? No notes. I'm you. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
We're the same. We're so much more alike than I thought. I know. Y'all could be besties out there. I thought we were exactly alike.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
People mistake us. I mean, the boots are just identical. I'm like, are you Winston?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I don't know. Yeah, yeah, yeah. You read one. This is fun. You draw one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I'm going with whatever I get.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah. I read.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
What's a harmless pet peeve your significant other is guilty of? It's got dark real quick. Yeah. Rachel is... Wild to live with for like a Grinch. You know, like the control Grinch who likes everything neat. Half-eaten like breakfast bars. Nothing's ever finished. She's never just done. She gave up midway through anything. But it's like, even if it came with two bars, she'll eat one and a half.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Like one bite is there. And it's in the cup holder of the car or something. I'll make her coffee in the morning. Always some coffee left.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Because it gets cold.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Yeah, but every day.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
Water bottles always leave a little bit left.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
And they're all crunched up. She just doesn't finish anything.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Spilling the Financial Tea With Our Better Halves
I'm like, are we the same people? Are you the same with you? I know that's going to be yours.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
It is just so good. It's so good. You get the pepperoncini.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
And you get the garlic sauce. And their crust is thick, which I like. Now, I like Jets. Jets is like an elevated pizza order for us. Like you're going to be spending more. But I get Papa Doe a lot on my app because we order it so much.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, if you order enough on the app, you get like credit back. So I'll have like 10, 20. I mean, I'll have a lot on the app.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Well, if we have kids like over, like for movie nights, I'm always going Papa John's. I'm not going to like order Jets for the kids.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Okay, I need to get on the train.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, no, not parents, but just like the kids are there. So I'm like, I'll order pizza for the kids, you know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I just, y'all, the crust is so good. It's just so good. It is so good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I do, and sadly, it's been door dashed recently. I don't think they have enough employees.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Oh, that's fun.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Okay, would you pick Papa John's or Domino's?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, true. Marcos is good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Ouch.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Okay, I did notice that it's less sauce. So that's like a known fact.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Thank you. I will.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Let's go burgers again, George. Wendy's versus Burger King.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
It was a lot. Now, there's spicy chicken sandwiches. So good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
So good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I'm not sure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
So good. That's why I get in the Nashville airport.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, I agree. It's still around. Still around.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I'm going Wendy's though.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Okay. Well, Wendy's actually beats Burger King in sales by just $0.8 billion. That's 800.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Let us know. I'm still confused by that rule. But anyways, we got this pop culture, I'm going to call it, drink today.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Sounds like a lot.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
It's not that much. All right. Before we head into our fast casual rounds, when we talk about other restaurants and maybe some apps that we have. Listen. So spammers, scammers, they're everywhere. Just like fast food, right? You see them everywhere. They are everywhere. So removing your online data, you guys, is so, so crucial. And Delete.me is a great company and service to help you do that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
And ordering some food. There we go. I know, but for real, your information's out there, you guys. Get it removed and use Delete Me. It's fantastic. We'll put the link below. Yes. And there's actually a great deal for our listeners.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
And you know what else I love? What's that? Cozy Earth.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
So this company, you guys, it has clothes, it has bedding, it has towels. I mean, it has anything that you need. Athletic gear, blankets, robes, you name it. But the material is unbelievable. It's what the influencers would say is buttery. It's very buttery.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
But it's literally like silk. It is amazing. I have some pajamas. I have some joggers. Our sheets. Yes. I mean, y'all, it's unbelievable. They are the best sheets.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Is it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
They are. I'm telling you. It's so good. It's so good. And then Winston loved all this stuff so much, he went online and bought a hoodie without our code.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
He was like, well, I just loved the material, so I wanted a hoodie from it. I was like, well, we've got a code. So y'all, don't be crazy. I know you're going to buy some Cozy Earth stuff, but buy it with her code.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
No, I just have opinions about fast food. Not the health of it, again, but what I like. Because, listen, y'all all think I'm like this bougie... debt-free, Tesla-driving girl, I'm not. She's so much more. I am, but I'm not.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
So get a great discount up to 40% off. They're great. All right, George, let's go a little fast casual. Let's go a little classier, okay? To be fair— Get out of the car.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah. But probably healthier, let's be honest.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
So true. I would say, yeah. Chipotle is actually great. I get a bowl.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Rice, beans, chicken.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
What?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, it's good though.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
All right, next up, Panera versus Jason's Deli.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I'm kind of mad at Panera.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Is it glorified hospital food now? It was on what we called the Strip at UT in college. So it's called the Strip. It was where all the restaurants were. And Panera was like on there and it was one that we would always go to. You just grab bagels or coffee. Like it's kind of off campus a little bit, but it was so affordable, so easy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
And then I went in probably like two years ago, y'all, and I got like a sandwich. a side, a drink, and it was like $18 or something.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
It was very expensive. And they've upped their prices so much that I'm like, it's not worth, I can't justify it. Panera's overpriced for me right now.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, it's so hard.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
It's so true. I know. It makes me so sad.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
No.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I used to love it all. Get a little soup, grill half a sandwich. I went all the time in college, and I just can't anymore. And I'll be honest, I haven't been to a Jason's Deli in a while, but they have lots of options. They had a Turkey Bravo sandwich back in the day that was delicious. Oh. No, no, it was a Turkey O'Boy or something.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Okay, so this was the Turkey O'Boy. And do you remember, I'm sure they still have it, so it's just when I was a kid, the bread that you'd put on sandwiches and it had onions, like, in it? So good. Amy O's. I can't get that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I love, I do love fast food.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
It's the Amy O's at Jason's Deli. So good. That's my favorite thing to get there. Me too. Wow. With the avocado. Oh my gosh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Is it really?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
You okay, George?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I'm going to go Jason Sally on the road trip.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
And listen, we're eating a broccoli casserole for dinner tonight. Tomorrow, white bean chicken chili. Like, we eat healthy, right? Wow. On most of it. But when you need fast food, I am here for it, and I will never say no.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
All right. We're going to go Shake Shack versus Five Guys. Shake Shack all day.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Shake Shack's good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah. See, I don't like their fries either. Everything's too like greasy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
But Shake Shack is good though.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, that's true. That's true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, you do.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I'm going to take care of it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
That was one store, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Okay, that's fair.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Okay, I'm ready for this one. This is a really hard one for me. Jersey Mike's versus Firehouse. I know where I'm going. But man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I'm doing Firehouse. The Italian. Fully involved. On wheat. So good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, fully involved at Firehouse. Yeah, it's like your onion. It's just everything.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I know, but man, Jersey Mike's is so good though. It is so good. Okay. But I'm going warm sub, warm sub every day. I'm a warm sub guy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
They do?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Really? Really?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, what do you do now?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Oh, man, okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
All right, all right. I don't have that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Oh, it's so fun.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Ladders, firemen.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Just go full. Full on name.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
All right, let's jump on the plane, George. We're leaving America. We're going international here. You ready? Okay. Panda Express versus Payway.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
This is Payway though. This is the fast food version of P.F. Chang's.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Same company.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I agree. It feels more like, I hear you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Hey, the free samples, you eat it, and you're like, that's actually really good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
That's right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
It's going to be good because I do think that the topic of food is... it has gone up, right? Inflation, groceries, all of it. And we do talk about that. When you go out to eat, you spend more money versus if you ate at home. And again, it may not be true for like a single person running through like a Taco Bell drive-thru versus going to the grocery, right? Like I think there's a level of it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I know, it's better food. I don't know what's going on at Panda Express. I'm going Panda Express. We don't know what's happening. We're not sure, but it's fine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
It was. Okay, Zoe's like gone forever. Is it like out of business? Do we know?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I'm for sure going Kava. Kava, the amount of pickled items they have makes me so happy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
It's true. You know what I mean?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
And it's really good. Can I tell you my order? Oh my gosh, I'd love to hear it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yep.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Wow, George. Holy mackerel.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
That's so good. Very nutritious. And probably two meals, honestly. Definitely two meals. What's the spicy? 11 or 12 bucks. There's a spicy. Harissa. The harissa.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
So good, but I got to get on the side.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Well, it's probably the night. It's probably the best quality food. That and Chipotle. I'm going to end with that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, and to know what the extras are because if you want more protein or anything else, just know. And hey, in the sub stuff, like there are things that you're like, oh, we'll just get some sandwiches to go but have the chips at home and have the drinks at home, right? Like there's ways to get the bill.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Right, but if you're going to do it, yep, do it smart.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Oh, yeah. I could probably look to see what, yeah, what we spend. We were just there. Charles, it was his birthday. Told him he can go to any restaurant. J. Alexander, like J. Alexander's, we can go wherever.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Guess where he picked? Chick-fil-A. Chick-fil-A. What did he get? Just the kid's meal. Just chicken nuggets and fries. I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
And a chocolate milk. Stay humble, King. Okay, there are some great local fast casual spots here in Nashville.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
But when you have a family and especially a sit-down restaurant, all of it, like you are end up spending more. But these are places that are cheaper because the quality is not good. But it's a reality that a lot of people face. It is a reality. And you're busy. You've got to run through a drive-thru, and so we're going to talk about it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
So some fast casuals. Again, this isn't like the big restaurants. One of my favorites, Maniacs. Oh, that's a good one. It used to be behind our old office. Great chicken fingers. Yep.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Sushi, all the way back from when Rachel was in high school. It's still around, and it's still one of the best. It's Peter's Sushi in Brentwood. It's so good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Delicious.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yep. Mojo Tacos is another great spot too for some Mexican tacos. There's some local Nashville places. That's a good one. Okay, what's the spot that you love?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I think we should start out there with a little cheese curds. So good. I went there recently.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, it's great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
So good. I love that little nod to Culver's. I appreciate that. It's a good spot. Is that Wisconsin based with the Kurds? Or Minneapolis. Was it Wisconsin? It's Wisconsin. Okay. Because my friends in Minneapolis, when we go visit them like 10 years ago, they always had it just there. They didn't have one in Nashville for a long time. Then when it opens here, I thought, oh, we've made it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Thank you, Wisconsin. Thank you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I'm going to go large firehouse sub and split it with Winston. How generous.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Because we both like the same word there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
So great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, because honestly, eating at home, even though we've just talked about fast food and restaurants and all of it, especially with a family, like long-term, it's gonna save you more money. And then I will bookend because I just listened to a two-hour podcast about how terrible the food is here in America. We know it's not good for you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I know. Okay, and can I just say this for just a hot second? There is a part of me on this health kick, because I am reading ingredients now, and I'm like, oh, yeah, here we go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
But there is a thing of like, okay, I'm going to eat healthy. And then they're like, oh, well, if you eat healthy, like fruit, it can't be in plastic at the grocery store. Then she's like, okay. And then if it's even not in plastic, it starts to feel like a black hole. Like, I'm not Amish. Like, I don't live on a farm. Really?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I don't think anyone would assume that about you. I live in the suburbs. I just need a little help. And I may not be perfect on this new journey that I'm on. Love the humility. But thanks for your patience.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, just getting some meals made.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
The meal plans.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
And it works. And it's great. Well done, Kelly.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Thank you for being you. Thank you for being you. Thank you for being you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
All right, George, it's almost the end of the episode and we close out every episode with Guilty as Charged. And this is where our producer Kelly gives us a new Guilty as Charged question every week. And if we're guilty, we take a sip.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Oh my gosh, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Rare. No, I ordered medium and it came out- Okay, steak is, I feel like that's a- That's a socially acceptable take back.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Steak. To return to be cooked more. That's not terrible.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Stop it, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
No.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, yeah, yeah. Mine was a cocktail. And it was like some kind of pepper cocktail or something. It was like a little bit of pepper. And I drink it, y'all. And I mean, I like almost spit it out. Like I couldn't handle it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Just like think about black pepper just being a whole thing dumped and stirred in that drink.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
And I made Winston try it and he was like, that's not drinkable. So I did. I told him. And then the bartender took a sip or like took the straws they have. And he was like, oh, bad ratios.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah. I respect that. Yeah, he wasn't having it either. So it made me feel better.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, and you pay $15 for a bowl of something. Whoa, whoa, whoa.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, that's not fun. That's not fun. Yeah, guilty as charged. Mm-hmm. Okay, who finished first, George? I think I'm closer. I think you are, too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, I mean, it's... Pretty good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Some of the influencers I follow always have a Swig cup in their stories. Always got a Swig.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Listen, I like kava. I'm not mad at it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
It's a little sweet. I'm going to go 7 out of 10. Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, it's better than not. But...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
That's actually a great base. It's hard to screw it up when your base is Dr. Pepper. Dr. Pepper is really holding it down.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Diet Coke or Diet Dr. Pepper. Diet Coke.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Oh, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Die Dr. Pepper is pretty good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, I'll get a sweet tea at Chick-fil-A.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Where they do half and half. It's so good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
So great. Well, it's closing time. And if you guys enjoyed this episode, make sure to leave us a review. Subscribe. We want to hear from you guys. And if you love a little treat, make sure to check out our episode on harmless purchases that drain your bank accounts. So we'll see you guys next Thursday on an all new episode of Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Oh, yeah. Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I'm going Taco Bell.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Taco Bell.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah. That's something. That is something. Well, this is the show where two friends who happen to be money experts talk about what you're talking about. Everything from pop culture, current events, and money. And today, we are unpacking a very controversial topic. Affordable food.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, Taco Bell late night. It's like a DMV. Like if you went to a wedding, had a fun reception, and you're like, you know, we just need like a little cherry on top before we get home.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I know, it happens. It's good, yeah. No, but Taco Bell, two soft tacos, the nachos and cheese, I'm good to go. Get that fire sauce packet.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I'm shaking it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
What's yours? I picked Taco Bell.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
All right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
This is all we have. What an adventure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Oh my gosh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
How was it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, I agree with that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Oh, yeah, the inflation, man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Right, right, right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
We got the Doritos one. That's a big step up.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
We are filming this right before dinner and I am regretting this. We're both starving. Because I am so hungry and I saw taco from Taco Bell, so I'm good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Man, I could have eaten everything for a dollar. Thanks, inflation. All right, next up, we got some chicken. Ready? Chicken on chicken. Okay. Chick-fil-A versus Zaxby's.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I agree. Chick-fil-A. But man, a Zaxi's kicking chicken sandwich. It's like Texas toast, chicken tenders. And then you have like a ranch and then like another sauce on top. Like a spicy ranch? Where's the kicking part? It is so good. But I'm still going spicy chicken sandwich to Chick-fil-A.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
They have good salads at Zaxby's.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
What do you get at Chick-fil-A?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yes, so good. Now, a spicy chicken wrap from Chick-fil-A is actually really great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Okay, this is feeling better.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I know, y'all. It's expensive. Chick-fil-A is expensive.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Okay, and why do we feel like when you eat Chick-fil-A, you're eating a healthier version of fast food? Is it true or is it really not?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
It feels like they're putting effort in. I have an app. You put in your order. You go and you sit down. You go and put your order in as you're getting there. Sit down at the table. Put in your table a number. The kids go play. They bring you your food. Like, it's all done, and it is, I mean, it's fantastic.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Oh, no.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Oh, my gosh. All right, you're ready for this. Arby's versus Sonic.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Hey guys, I'm Rachel Cruz.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Man, Sonic was like, that's like where we went to in high school.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
You would go to Sonic.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Maybe so.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
You get like an extra quarter. You get paid more.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
As a car hop. Yes, my friends worked at Sonic. Man, Sonic is good. Sonic Cheeseburger.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
George, heartbreaking Americans. Stop that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, yeah, yeah. It was like the place. Sonic and Smoothie King. Those were like the places that they worked.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I know. Okay, Arby's is one of Winston's favorites.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
And I roast beef cheddar with horsey sauce.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
It's not bad.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
It's not bad. And the curly fries. Their fries are some of my favorites.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I know. What do you do? Like, it's just, it's tough.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
And I know he's roast beef. Ever.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Ever. Never. I don't think I've ever bought roast beef like at the grocery store. Ever. Wow. But Arby's, suddenly it's okay. Which is probably disgusting, I know. Okay, so Sonic, my kids like Sonic.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
The mozzarella sticks at Sonic. They're so good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yes. And now I got my kids on and I introduced them to my kids. I selfishly was like, I don't really want them to eat it because they're going to know how great it is. And then every time I order them, they're going to want some.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, what do I do? And now they're all addicted. They're like, oh my gosh, I want the mozzarella sticks. Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah, they're eating broccoli casserole tonight. So we're okay. We're okay, people.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
My mom cannot hear this episode. She will be so disappointed.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Oh, man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Oh my gosh, that's crazy. That's some bang for the buck.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
You know, I think I did know that. I don't know what makes it dirty. Yeah, coconut and lime.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
No, Diet Cherry Limeade is what Rachel in high school got all the time. You go get the Route 44 during happy hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
And I'm reading books and listening to podcasts about how terrible it all is, so we know. We know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
So true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I know, I know. All right, let's go sandwiches. My other favorite topic. This is a really hard one for me. We got my favorite, Shalotsky's.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
And this is Smart Money Happy Hour. Cheers, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I just love Subway too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
No, no, I can't. Number one, no olives, Schlotzky's. The cracked pepper chips and a Diet Coke.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Okay, Schlotzky's is expensive and slow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
It is, I think so, yeah. But it takes forever. It's a long... Probably because they make it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
It takes them a moment to make the sandwich.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
It is real. What we put in our bodies is very important. And also, what are we sipping on, George?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Really?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
What do you get? Okay, I get the Italian BMT.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
With banana peppers and tomato and lettuce.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Wow, you went like real crazy. I'm shocked.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
A meatball at Subway and chicken at Subway feels like a lot.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Italian BMT, salami, ham, like cold cuts.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Cold cuts, like a sub, like a regular meat.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
But yeah, all right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Oh, man. That's a good one. Okay, so what do you pick? Well, you got to pick Subway because you haven't been to Schlossky's.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
And Schlossky's bread is good. Like, it's good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
That's how it started.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
They're everywhere. So at least it's convenient. Okay, there may not be. I may be jumping the gun. Oh, I am. Okay, I'll wait. I'll wait. I'll wait because I have other subs that I love, but we're going to wait.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
burgers okay this is the this is the uh fight on fight texas versus california yes in and out versus whataburger this one's contentious this is like choosing a football team in a sense i'm like i know exactly i've had both and i know okay you do yours we're gonna count to three one two three in and out yes she does have class we found it in and out
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
And this is the drink, apparently. I've not seen it yet, which I love reality TV. but apparently the Mormon controversial... Secret Lives of Mormon Wives. Yep, apparently this is what they drink.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
We feel it. We feel it's right there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
It's going to be right there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
And is it going to be like an hour-long drive-through every day?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
And we'll be there. We are feral for this. It's so cheap, easy. It is so good. I will say their fries are not my favorite.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Okay, that's probably what I need to do. Because they are a little, they're, yeah, the fries are not my favorite.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
So good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Very much so, yeah. So In-N-Out's profit margin is estimated to be 20%, which is on the higher end of most restaurant chain spectrum.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
And do you know they have verses at the bottom of their cups? Yeah. Yes. Bible verses? Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
And it's still a family-owned company.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Really? Well, that's interesting.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
Of a song that you know and you're like, okay, a little subtle. Yeah, I hear that third day. There you go. Guitar.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
All right, you ready for the next one? Domino's versus Papa John's.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
All day, every day.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Fast Food Showdown: Debating Our Favorites!
I love Papa John's.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
To cover all of the fees plus profit takes a while. And so that's why we recommend, like buying a home is a long-term purchase, five years plus. Now, can you buy and sell within that timeframe? Sure, and it can work out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
And on the other side, I don't want people to sit on the sidelines for 15 years trying to get their dream home.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Get your foot in the door. and get that townhome or condo or reasonable single family in an area further out. Like make some compromises to get in the real estate market and then you can upgrade later.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Invest.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Yes. And can I also say that 25% parameter, that is after-tax income before other deductions like healthcare or your 401k investment. So you can manually do the math, but it should help your numbers out. A lot of people go, Rachel, oh my gosh, what ends up in my bank account? Oh my gosh, I can't do that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
No, remove out the healthcare premium, remove out the 15% to the 401k, and that will help you go, okay, it's 25% of after-tax income, but before other deductions.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Oh, I love a balloon. Love a balloon. Me and my daughter love balloon.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
There's a lot of terrible mortgage options out there, and so the one that we recommend as the best, the creme de la creme, is the 15-year fixed-rate conventional mortgage. And again, if you have a 30-year mortgage, you are still going to go to heaven. We're going to have a great time there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
For the foreseeable future.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
It's not a terrible thing, but we recommend the 15-year because of how much you're going to save in time and in interest.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Where are y'all at? 15 years later, y'all still paying your mortgages.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
It's there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Yeah, we know that we're human. And like left to our own devices, we're probably not going to do the healthiest thing for us all the time.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
And so saying you're going to get a 30-year... Vacations call. And here's what they say. Well, Rachel, I want the wiggle room. So I'm going to do the 30-year. You have an emergency fund. You don't need wiggle room if you do it the Ramsey way. So what we find is the average millionaire in our millionaire study pays off their home in 10.2 years, a decade.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
And don't worry about the interest rate and the spread. We always say, marry the house, date the rate. Because you can always refinance later if rates go down. So don't be as concerned about that. Just get yourself financially ready and just go ahead and get in the market.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Where do you start? I mean, of course, you have the maintenance and repairs. That's something that no one warned you about. You have to deal with that. Not only do you have to pay for it, you have to figure out who's the right people to go to in this scenario. And do I file the claim? Do I go out of pocket? Yeah. Is this person legitimate? Are they well-reviewed? Are they going to upcharge me?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Because I don't know the prices of what repair and labor costs. And so there's a lot of research that goes into it that I was not prepared for. On top of property taxes and insurance, that's real. And that number can go up. So even though you have a fixed principal and interest, your taxes and insurance can go up year to year. For sure. How about you?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
That's a good word.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Oh, there was this like pink shag rug in the other two bedrooms that just... Like, crushed my soul. So that was the first thing we had to do. Before move in, I was like, we're getting people in here to replace this and put hardwood in. That's good. And we also replaced the pink shag rug in the bonus room with just new rug.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
New carpet.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
So those were the things we decided were worth it on top of. We had to paint all the walls in the house.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
We didn't realize we kind of bought a fixer-upper, but like I guess dogs had destroyed walls.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
There was like random holes in the wall. It wasn't like scratches. Like I wasn't being OCD. It was bad enough that we had to like just repaint everything.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
So that was a big one for us. How about you?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
The cabinets or what?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
The walls were tomato red?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Versus like on the fat of the land.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Was it the Hines family that lived before you? I mean, literally.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
If you hate the floor plan, that's going to be a much more expensive fix. Sure, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
So just know that going in.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Hit me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
That's science.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
No ick there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
All bougie, no ick.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
The blankets. Everything. Mostly the blanket for me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
It's the best. And they are giving our listeners a steep discount up to 40% off if you go to CozyEarth.com slash smart money or use the promo code smart money at checkout. Let me tell you, no one's been upset. I've never given a Cozy Earth gift and someone's like...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
They're always like, how did he afford this? This is bougie. And so if you want to be bougie frugal, use promo code SMARTMONEY at checkout. All right, Rachel, let's have a little fun, which we haven't had a lot of this episode. Mostly thanks to you. I'm kidding.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Here's what I've got. I've got a list of three home upgrades that could lose you money at resale. You have a list of top three home upgrades that could add value at resale.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
This will help those that are currently homeowners decide, is it worth it? All right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
That is really sweet.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
There's a moat out front so you gotta cross a little river.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
And that is true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
That's a good one. I was going to say something more normal. Like when we moved in, there was a chalkboard wall with like industrial pipes and then like barrels.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
No, it was an easy replace.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
But it still costs a lot of money to do these things, and then someone's going to go in and go, no, we want a discount because we're going to have to change that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Next one, new carpet. So here's the thing with carpet. Doesn't stay clean, goes out of style quickly. Most people want to replace with hardwood or laminate, which is what we did when we moved in. Yeah, yeah, yeah. So that one I totally get. If you're going to do it, do hardwood.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Love a bonus room with carpet.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Here's a weird one. Eliminating versatility. So knocking down a wall and lessening the number of bedrooms, making all bedrooms have shower stalls instead of leaving a bathtub. So families with young kids, helpful to have a bathtub.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
But Winston.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Turning the garage into a recording studio. Things that are so custom. I would agree with that. I would agree with this. I think that's fair. Okay. Yep. Last one. Adding a pool. Oh, no. Especially to average and middle-class neighborhoods. Caveat here, apparently. Upkeep is expensive. Not worth it to many people. Can be a hazard for folks with young kids and pets.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
He'd be fine not seeing another human being. He's fine just seeing creatures. No humans for weeks, months on end.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
You rarely get the money back you put in during resale.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Is that fair? As someone who just built a pool?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
And you're gonna be there a long time. You're gonna enjoy it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
But not everything, can I just say this? Not everything has to be about resale value.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
So human, so relatable. If you want to do it, do it. Just know that not everything has to have ROI for you to enjoy it in life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
That's on growth.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
All right, hit me with some upgrades that are worth the money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
You see tomato red and you go, ugh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Strong.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Smart.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
We have moved every three years on the dot. So we're every three years.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Yeah, no one ever walks in and sees like newer hardwood and goes, ugh, put some carpet on that. Disgusting.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
I don't know why, but our parents' generation loved to put carpet over beautiful hardwood. And now the millennials and Gen Z are trying to rip the carpet up and expose the original hardwood.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
What a story.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
It's the same people who rescue their pets. Same energy. I rescued this hardwood. Okay. Relax, bud. Relax.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
So holy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
And they become outdated the fastest. And so it's good to have just a nice, clean, simple, neutral kitchen.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
It's a lot. Trust me, I know. As a guy who hates doing things, I hate moving.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Oh, I didn't think about this one. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
I think it's because it's aspirational. People go, I'd love a laundry room that was actually clean.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
A pantry that was organized, a closet that didn't look like a nightmare. Yeah. People want this fresh start when they move.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
So it's inspiring. That's the thing. When you set up a home for staging, you want to go, would that other person go, I can see myself here. I can see myself here. Versus I don't want to see Rachel's life there. I want to see my life there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Love your life, not theirs.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Someone should write that book. Unbelievable. Gosh, that's good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Beautifully said. And here's my final thought. Drop the thought of a dream home. I think it's unhealthy and it causes us to live in this fantasy world.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Hopefully this will be the last one. Last one for at least until Mia is like, you know, an older lady. Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
There's no such thing as dream home. Even the home that you build from scratch to your own, it's still going to have its issues. Yes. And you won't stay there forever. Wherever you think you're going to stay forever is a lie. We are not grandma and grandpa. We're not living in the Great Depression. We move around. We upgrade houses. We switch towns. We do all kinds of things.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
And so I think just letting go of this idea there has to be one home that we're in forever and we love will just free us emotionally and mentally.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
That's the first thing she's ever liked that I said.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
This is a midnight tart cherry mocktail, aka sleepy girl mocktail, because you can add magnesium and make it a real, I don't know, midnight feels like to be going to bed for anyone.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
In bed by 9, lights out?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
What a treat. Yeah, what are you? I'm a 9.30 tenner.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
If I'm not lights out by 10.30, there's serious issues.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
We do. Yeah, yeah. Mostly one of us yells at each other because the phone light is too bright in pitch black. Like, go to bed.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
You're going to hate yourself in the morning. So it's usually that level of, that's love, that's love.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
So the Midnight Tart Cherry Mocktail costs $1.85 to make. Not bad. It's got tart cherry juice, which is the most expensive ingredient, lime juice and zest. It's got honey or maple syrup, your choice, vanilla extract and Celtic sea salt, and then some sparkling water to add some zip to it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
This is a 10 out of 10 drink for me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
If you don't like tart, why would you drink a tart cherry juice mocktail? I don't know. That's on you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Very good. So if you want to check it out, the recipe is in the show notes. Make it at home for the whole family.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Oh, gosh. I mean, yeah, I'm guilty. I've been judged. Mm-hmm. Judgment is a strong word. I can think of one for you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Just sort of looking to the future and going like... Every three years? Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Oh, wow. Please share both. This is juicy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Rock garden?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
I judge Winston for the rock card. I still don't know what he's doing to all these rocks.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Can I tell you any judgment is envy? On that one. There's no real judgment.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
So is there a switch? Is it just one setting?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Oh, it's constantly on. No way to turn it off.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
That is luxury.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Well, like our daughter's bedroom is like attached to the garage wall. And so when the garage closes during nap time, I'm on pins and needles.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
So I look forward to an ultra quiet garage.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Location and size and going like, hey, we want to grow our family. We want to have family that comes into town because no one's local. So anytime they come into town, it's like... It's hard. It's like we can't breathe. Someone's sleeping on an air mattress, you know? And so it's just nice to have more space and to know that we're okay to kind of expand.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
How about you? When we moved in, we did the epoxy garage floor.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
I don't know why, but... Heard about that floor a lot. Well, part of it is just like a garage and just like gray with like cracks in it and there's like oil spills. And this one is just perfect. It's super easy to clean. It feels like I want to hang out in there, you know? If I ever had a man cave one day...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
The boys would be like, hey, this is what's up. That's fair. If I ever have friends one day.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Is that aspirational or is that an in there? Is that a threat or a promise? That's what I want to know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
You're in a poxy family, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
See, I want to live like the Cruises.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Comparison is the thief of joy, but in this case, it's just joy. All right, that's all for today. That's all. I'm going to stop there. But you know what? I don't care. Here's the thing. This idea of people judging you, it's your house and your life. I'm not like constantly Instagram. I've never Instagrammed my garage floor.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
So here's the thing. If it makes you happy and you pay cash for it and it doesn't derail your financial goals, I don't give a rip what anyone thinks about it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
And that's on growth.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
I feel therapized. Thank you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Space and like design and aesthetic. And, you know, my wife is basically a secret interior designer. She's really into it. And you're artsy, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
No, I am the worst. And so in that regard, I do like my, my home is everything to me. Like if I could not leave home, I would be happy. The fact that I'm here with you, nightmare.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Yeah, but like if I'm at home, I have no desire to be like, I'd love to go somewhere. I'm fine to be at home because I love the space I've created. You know what I mean? Yeah, that's fair. So that's what I want for everyone listening today.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Do you ever see those memes? It's usually millennials making a joke about the fact that a two bed, one bath condo they barely bought in 2019 will now be their forever home because interest rates skyrocketed.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
So they have a 3% rate, and they're like, well, I can't take on a 7% rate. I thought this was my kind of step-up home, and now it's the forever home.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
When does that come up at happy hour with your friends?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
We're going to do it and we're going to make it fun. I guarantee you that. So here's the thing. If the housing market feels impossible right now, you're not crazy and you're not alone. So let me just give you this pep talk right now. It's okay to rent.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
It's okay to feel frustrated with the fact that housing prices have skyrocketed and you've been left on the sidelines wondering, will I ever own a house? So let us encourage you that we believe it's possible for you. We're going to show you a practical, real way to get there. Yes. And it's not just a pipe dream.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Oh, so they've heard this from, I feel like it's mostly parents. I don't know, societally.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
There's this vibe of like, you're wasting money on rent. Why are you still renting? You know, you should be buying a house.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
And to be fair to the younger generations, the boomers are sometimes, and Gen X, sometimes a little out of touch when it comes to the realities of housing. Because they go, well, interest rates are historically low. And I'm like, sure. But housing costs, the actual price of that home has skyrocketed four, five, six times what it was before. when you were young and able to buy a house.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
And so there's a real mathematical equation here to be solved. And that's why I say it's okay if you rent for longer than you would have liked. That's right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
For someone else to pay off their mortgage and build wealth.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Especially when you're young, you're newlywed. Like this happened with my wife and I. We rented an apartment until we were able to buy. And it was so nice to be able to just like send a text or fill out a form to have someone come and fix the toilet when it was broken while we figured out how to be newlyweds. You know what I mean?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
I don't know. I don't remember. Was the toilet running? No, I don't think it was. I think it was the actual toilet itself was not like in place well.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Yeah, it was nothing major in an apartment, but it was just nice to have all the things dealt with for you. Totally. You're not worrying about HOA and property taxes and homeowners insurance.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
smartmoneyhappyhour.com. This is a mocktail our children will be talking about.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
We don't know what happened.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
But before we get to the content, Rachel, let's talk about what we're sipping on. This is a midnight tart cherry mocktail.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Yeah. My first townhome, the HVAC went out and I was like, cool. I don't know, a thousand bucks to get this thing. Nope. It was $6,000 to get a new HVAC. I know. And like I had an ice dam. Have you heard of this? Didn't know what an ice dam was until water's pouring out of my bedroom ceiling.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
After snow and ice, apparently it can just start leaking through your ceiling. No. Yeah, Google Ice Dam, D-A-M, family-friendly show. But that was a nightmare to have to deal with and get fixed and pay for and deal with insurance.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Yes, it's buying patience.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
That's huge. To get rid of that largest fixed expense in your budget is a game changer. So getting your house paid off is part of the Ramsey plan.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Ooh, when you're financially ready?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Debt-free, fully funded emergency fund, and you have a decent down payment. Now, we're okay with 5% to 10% down now, but the key is to get that payment to be a quarter of your take-home pay on a 15-year conventional fixed rate. get a lot of flack for that, understandably. Because they go, Rachel, are you serious? Have you seen what the, I'll never be able to do that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Is that a thing?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
We're not like, it's not a sin to get a 30-year mortgage. We just can do math and go like, listen, I know it's instead of two grand, it's gonna be 2,700 on a 15-year, but you're saving hundreds of thousands in interest. So much on interest. With these crazy interest rates.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
You can add magnesium to it. It's the tart cherry juice that is known to help with sleep.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
One person wants to stay at home? Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
If you have a 27% mortgage of your take-home pay, we're not angry at you. It's just a It's just like this is the healthiest way to go so you have margin to accomplish all of your other financial goals.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Yikes. You're going to be waiting a long time.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
I'm here for you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
And during the pandemic, there was a lot of talk about it's going to explode and I'm going to wait on the sidelines.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
And then the interest rates starting climbing up and up and up.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
We'll give you the rating and reveal the cost per glass at the end of the episode, so stick around for that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
And then it stayed there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Supply and demand.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
There's still a shortage of houses thanks to a lot of factors. Number one, people don't want to let go of their amazing rate they have.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
So they go, I guess we'll stay put. Then on top of that, we haven't caught up on the supply of homes because of the pandemic and lumber and all these shortages. Builders can't build fast enough. And so there's still a shortage of homes, which is going to keep prices up.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
So if you're hoping on the sidelines, holding your breath for home prices to just shoot down, you're going to die if you keep holding your breath.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Well, it was a different issue there with subprime lending. There was a lot of different issues that we're experiencing now. So if you're waiting on the sidelines, do not wait. That's why we tell people, buy when you're financially ready. Don't wait for some magic housing market to exist. It will not happen.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Oh, boy. Home equity lines of credit. This is basically using your home equity like a credit card. It's a line of credit attached to your home, and it's moving you backwards financially and puts your home at risk with a variable interest rate. So this is a very dangerous game to play.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
And if we're going to be honest, as we take calls on The Ramsey Show, most people are taking out HELOCs to renovate the kitchen.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
You know what I mean? They're not like, well, I did it to pay off my debt. Even then we'd say terrible idea. Yeah. But most people are doing this for sort of vanity purposes. And if you can't do it with cash, just wait to do it until you can cash flow it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
That's true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
And HELOCs are so popular now because everyone gained all this equity in their home in the last few years. And so they're going, hey, we don't have the money, but we could just take out a HELOC against our house. And it's marketed so heavily from lenders and banks going, hey, your home went up in value. We see that. What if we just told you you can take 200 grand out? Terrible idea. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Please don't do this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
We fill it out willy-nilly these days.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
The robo emails and texts and calls, it's exhausting.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Daya, they've removed my info from hundreds of data broker sites, and they've saved me 77 hours of time. It would have taken me myself to do all of that. So it's totally worth it for the peace of mind and the time savings. And if you want to check them out, they're giving our listeners a sweet discount, 20% off, if you go to joindeleteme.com slash smartmoney. So super affordable.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Click the link in the show notes if you want to learn more and get started.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Can I ask where you fall into that as the Cruz family? How often have you guys moved? Have you ever stayed in a home for 10 years?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Just like stay at a job a year or two and then jump to the next one and get a promotion.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
I don't think that's the same in the house world.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Because you're paying pretty intense fees every time you move between closing costs, the realtor, you know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
I have been accidentally. Because we've moved every three years since we've been married. But it's worked out in our favor.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
In this random instance because we, number one, that gap from like 2019 to 2022, some of the most insane house appreciation in history.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Answering Your Top Housing Questions
Like the house that we bought was not worth what we paid for it on paper. And so I hope that three years later we can sell what we got for it. And so like there's a risk in there. But I would not recommend house hopping because of all the realtor fees, the closing costs. Yes. you have to stay long enough to quote ROI on that purchase. For sure, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
I think that's the worst. That's the worst.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
You need... I heard that's a thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Okay, do you think you could have, you know, let's just say Sally and Sarah on Instagram.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
They both take the same vacation, but depending on how they post, what they post about, can you feel a difference with people's spirits via like a situation? Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Do you know what I mean?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah. Is it bad? I don't want to be judgy, but there are people that I'm like, oh my God, they're just like, it's real hard. The pose, the, I mean the whole thing. It's just a whole thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yes, I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah, I agree. And then on the other end, as a consumer of social media, there are a few people that I follow that I genuinely like stalk when they're on a trip because they post and I'm like, oh, I want to see like if they go to Disney or something. I'm like, I like I intentionally go to their stories because I want to watch their vacation.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
What does that say about me?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah, and I'm not mad at them, though. Like, it's not like, oh, they're annoying. It's actually, I'm, like, weirdly interested.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
And some of them are... Nice.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Nuclear.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Nuclear. Nuclear.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah. Leasing is the most expensive way to finance a vehicle. You would be better as the consumer to go get a car loan.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
You know what I heard? This isn't fact-checked, but I heard Dallas, Texas is the number one city of leased cars.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
It's like a southern bougie city. I don't know. But isn't that interesting? Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
And do you think majority of leased cars are luxury? More on the higher end?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Oh my gosh. But yeah, I like the Gen Z level though of, listen, we don't have to show off, right? There's like a downplaying.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
That's right. That's right. Totally.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yes, 100% agree. 100% agree. You got one more for us? Okay, last is like the over-accessorizing, flashy nails, expensive watches, loud makeup, strong perfume, extensions. Like you get the whole spray tan. I mean, it is the whole kit and caboodle.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
What do you think?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
I think I might have nails. And I might have an Amazon watch.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
I have a watch from Amazon.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
My nails are real. I don't have tips on them.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
These are my real nails.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Or tips.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
None of these are bad, though. I would say having a good perfume.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
This is it. It's all about the motivation.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
It's the heart behind all of this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
You know what Winston Cruz, Winston Cruz loves smells. Like, he loves candles. He loves incense. He loves perfumes, colognes. Like, it's like his thing. It's funny. Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
He just bought some new one, a new one, when we were on our trip. And I can't remember what it is. Wow. But he wanted, like, a nice cologne. And it's not a cologne. It's a perfume. Eau de parfum? Parfum. Parfum? Parfum. Parfum. That's it. That's it. Eau de parfum.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
That's it. But he said, you should never be announced. You should always be discovered.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
It's cool not to care. But yet, yet, people are still caring about the wrong things.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah. It's like, huh, I smell that. I need to discover what that is versus like, wow, Hollister. Like, we got you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
We got you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Just get a little buzz and go out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
It's good, though. It's good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
It would be interesting. Again, no judgment. I just, I don't want to be judgy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
But there are people that you're like, okay, if you took out all your, if I saw your real hair, your real face, no spray tan, real complexion, like let's like strip it all away. How do you feel, right? And if you can feel comfortable in your skin, that's great. Like, you know what I mean? Like, I don't know. That's what I want for women. That's what Rachel wants for women.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
And then if you're like, yeah, I want longer hair this season. That's great. Like, again, none of these things are in and of themselves wrong. But it's portraying yourself as maybe trying to look.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
That's great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
That's what we're asking.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
You ready for this one? Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
I think a great filter, I always say it, but it's so true. If nobody sees it, do you still want it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah, yeah, sure. Well, mine over the years has gotten less actually about people.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
I feel like that was a strong like late 20s Rachel. Yeah. Now it's more like it just is exciting and feels good. And I'm like, yeah, I probably don't need that dopamine hit. Like I'll just move on. Just move on. Just move on.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Because you end up spending so much money living that life. It's exhausting. So much money to keep up.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yes. I mean, I think it would be hard. It would be very hard. And I think it is too. Let me say this. There's another little thing. It's who you're around to. Your friends and your people, that shapes so much of your life and the way you view things and the expectation. I mean, all of it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Oh, so annoying.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Very much so. And start to value what they value.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yes, we were at a... Change your friend group. We were at a store with some friends on this last trip we were on, and the guy asked one of the salespeople, just out of fun, like, what's the most expensive, like, purchase someone's made? Like, what's the thing that, like, someone, like, walked out and you were like, dang... And the guy said, I think it was like $129,000 bag. It was six figure bag.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
And they bought it. It was like a seasonal, whatever, leather, whatever. I don't even know. I don't even know. And afterwards I was like, oh my gosh, number one, you have to have God awful amounts of money just to like,
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
I don't know. And then number two made me think, like, in order for you to, like, genuinely want that bag, you number one have to know what that bag even is. And I'm sure that level of...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Apparently. But apparently, they know some level of it, which means the people around them or the information they get, what the conversations are probably around that level of living. Does that make sense?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
So then naturally, it's going to shape the way you think about life and all of it. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Okay, can I say, I may be guilty of this, and I hope it's not a one-up, but I do love in conversation... to hear something that someone's saying, and I'm like, oh my gosh, me too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Is that not crazy, though? I mean, crazy, crazy. But all that to say, have good people in your life, and they can have extensions. Like, that's fine. But just know that, like, yeah, the people you're around and what they value over time will start to shape your worldview and what you value.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Get it out of there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Absolutely. Amen. Hallelujah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
So before we spill the tea on our guilty as charged part of the episode, give us the details on the drink, the Japanese Slipper.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Wow, George. That's very generous.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah. I may go 9 out of 10.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
All right. Now it's time for Guilty as Charged. And this is where our producer Kelly gives us a new Guilty as Charged question every week. And if we're guilty, we take a sip. Kelly? All right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
I'll take my sip first. Yeah, I bought a pair of shoes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
It's a relating thing. I don't think it's a one. I mean, it's not like, oh, we went to the store, and I was like, I went to Fiji. It's not like that level.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
After, yep. Gosh, this was probably seven, eight years ago. that were designer, because I'd never owned a pair of designer shoes. And I was like, I'm going to buy a pair of red bottoms, because, like, why not, right? And, yeah, saved up, bought them, and I've worn them, like, four times.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
It's a lot of flavor. Well, this is the show where two friends who happen to be money experts talk about what you're talking about. Everything from pop culture, current events, and money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Not comfortable.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
But see, this is the thing. This was my ill motivation. This was, again, early 20s Rachel, or late 20s Rachel. They're a very obvious shoe.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Terrible. And I also had extensions once.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
What's it called when you're like, oh no, and then you spill the tea about yourself, but you're like masking it for other people?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
But I'm trying to think. If you're like, yeah, I'm drinking a green drink, I'd be like, oh my gosh, I love green. I love Wicked.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Is this as a kid?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Oh, yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
It's great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
There you go. It's calling your name.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah, not a necessity.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Oh, that's good. It didn't stain.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
One point for me. I'll come wear my shoes on the garage floor and we can just feel like we've made it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Like, I don't know. I don't know. But you just try to like weave conversation in and relate to the person.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
I don't think anyone cares, but... I did not post a pic of my shoes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Oh, man. So good. So good. Well, both guilty. It happens.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
We all have it, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
You thought, I've made it. I'm curious to know. I've really arrived.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
I had two young girls at the airport in the security line say, oh my gosh, we follow you on TikTok. And I thought, wow, never heard that yet. And there they were.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Maybe so. Maybe so.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yep. And make sure to subscribe, you guys, because we launch a new episode every Thursday. So we'll see you then on Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah, that's good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
I appreciate that, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Hate it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
This one grinds my beans.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
No, I... And you know who does... You know the most annoying ones. Are you ready? A little Enneagram talk. Okay. Enneagram three males that are unhealthy... This is what they do, and it drives.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
That they're important. And so they will let you know all the names of all the people. It is just, and I think it's a universal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
I hold on to the name so tightly in my life that I will not.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
I don't. I don't like it. I don't like it. Easiest way to avoid this? I don't like people that like famous people.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
It's just like, I don't like it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
I did twice in my life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yes, it did.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
One of them was my econ class, my econ 101 with Ken Baker at UT. I was failing. And you were like, my dad... Because I didn't go to class, and I had a D, and it was one of those classes at UT. It was a massive lecture hall. Massive. So, like, if you never... They don't take roll. I mean, it's one of those, like, you just...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
And your grade was literally the midterm and the final. Like it was one of those like, but then all of his exams, old exams were at the sorority dorm. So there's file cabinets that you could study the old exams and be fine. Not true. The midterm, I failed. I think I got like a 60 something and I was like, oh no, oh no. And so then he had office hours you could go to.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah. I mean, these days it's cool to care about your money, right? But sometimes we care about the things that we shouldn't care about.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
And I was like, I have to find a way in to Ken Baker's heart. I'll never forget him. Ken Baker, Professor Ken Baker.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Still teaching? That was 20 years ago. And yeah, and I totally in the session with like other students, I figured out a way to drop Dave's name. And he was like, wait, what? And I... I was like, wait, what? Oh, yeah. I know, it was terrible, y'all.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
I gotta be... I took a final, so I did better on my final. But also, then apparently the study sessions, he gave people extra credit. So I don't know if it was because of Dave. You got a lot of extra credit. But I don't know. I don't know if the University of Tennessee would appreciate me telling that story. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
fine but it was statute of limitations i think it was uh yeah it was true so yeah i did uh i dropped the same then and then there was one other time and i can't remember wow but i've never done it for like a police officer or anything like that not that i've had many encounters with police officers that felt way too specific to just be an example thinking like a speeding ticket or i've never done it while getting pulled over on i-65 i did do it one other time so i've done it twice in my life yeah okay yeah it worked out i'll be honest how about you
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Bragging about kids. So respectfully, no one cares that John Williams Fitzpatrick V is crawling at four months.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Oh, yeah, 100%.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah, oh, she'll be good. The funniest, though, is parents that... And I probably have done. I mean, I feel like every parent's probably guilty at some level of this. So I'm sorry to anyone that may have heard that. But you do talk to parents and when their kid is so specialized or so smart that they can't be in that sports league or that school anymore because they're just so smart.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
They're so advanced that like we just can't. And you're like, they're fine. Like, I don't know how, like, you, like, really? That's the stage of life we're in. Now, when they're in high school and they're legitimately, like, who knows what, like, there's legitimate ages of, like, no, that is, like, legitimate.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah, I know, I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
She did great. Yeah, but I was not like, she is a prodigy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah, she just did a little recital. Nothing like out of the ordinary, but I was proud of her.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Oh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
But if I was like, y'all should listen to this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
It is literally the best. It's just, it's unbelievable. No, not yet, you're doing great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Ooh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
And it's always like, what's the sunglasses that have the O on them?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Hey guys, I'm Rachel Cruz.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah, it's always like an Oakley guy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
And you're like, you don't need a, or the big ones that the baseball players wear now.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Have you seen those?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah, and you're just like, you don't need to wear sunglasses.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
He's a croaky guy. Yeah. Still at Knoxville?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
You can take the man out of Knoxville. You can't take the Knoxville out of the man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
But the croaking is a very, very, very, very, it's like a wire almost.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Can I tell you a Sharon story? We were in Peru when we were like, gosh, when was that? That would have been like in high school, like on a mission trip. And mom said aloha to one of the children.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
True story.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Probably, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah, but if you're at a Mexican restaurant and you're like, hola, como estas? Me llamo Rachel.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Queso, por favor. You know, and you're just like, you don't, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
This one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah, that's true. That's true. It is fun to go to restaurants, though, and you're like, I don't know how to pronounce this. I don't know what this is. And the general, like, genuinely curious experience. And if you have a great server and they love the food and you can sit there and have a big conversation and learn about it, love it. That's a good one. It just happened to us recently.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah, we are sipping on a Japanese slipper.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
I loved it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Giving expert advice when you're not qualified.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
They know everything.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
You're so wrong. Yes, I agree. I agree with that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Like, what are we doing today? What are we thinking? What are we thinking?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
That is so funny. Captains of the four-way stop.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
When someone gets there first, but they gesture that you go first.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah. Oh, that's a funny one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
You were a distracted driver.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
And then lastly, stuck in the glory days.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Do you hear it a lot? Do you hear this a lot? I don't hear it as much anymore of, like, people reminiscing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
And this is Smart Money Happy Hour. Cheers.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah, people aren't liking it as much, and I appreciate that. It's almost like when people just use big words to feel like, oh, I'm smart, you know? Like ibuprofen.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah, because there's a lot of these.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
First up, we got flashy designer logos.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Look at this, where in fact, some of the nicer brands are like, you know, very understated, if you will. But it's like a really nice bag, right? So like a Celine bag. There's not Celine everywhere on the bag.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
It is, yeah, very chic, very nice.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Very demure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
That's right, yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
But they're probably very nice, like a real cashmere sweater, but it doesn't have like labels all over it, you know?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
And I think what's hard too is, you know, in today's world with money... Right, like you look at big wealth purchases of like a house, for instance. But if you can't afford a $50,000 down payment, but you can afford, you know, or buy a $2,000 bag, there's kind of that like quick hit of like feeling luxurious without like looking at actual real net worth.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yes, so true, so true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
I have. Yeah, that's a good one. We prefer affordable cocktails. For sure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Just such a bougie, stealth wealth way to live.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
That's Smart Money Happy Hour life. Okay, next is talking about money too much.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
This is real. There's just some people and they, and again, it's, I don't know what it is, but we just did not grow up talking about dollar amounts with people. Maybe like the idea of like, as a family, like we'd talk about, you know, budgeting or like concepts. The people that like ask very point blank how much something costs in your life, you're like, but it's not weird to them.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Stop. Are you serious?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Sometimes maybe it is weird, but then to some people it's just like, oh yeah, didn't this? Oh yeah, how much did you pay for that? And they're just wheeling and dealing. But I just, I get like deer in the headlights. I'm like, you can't ask that. I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
You don't have to use the... Yeah, but what's the acetaminophen?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Just simmer down, simmer down. It's just odd. Yeah, I agree. I agree. Next, one of our favorite topics, flaunting wealth on social media. You got that like, you know, nice dinner out and you're posting the meal. I may have done that recently, actually.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Acetaminophen. Supercalifragilisticexpialidocious. She got that one. You know what I always mispronounce? I always say nuclear.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah, I was just capturing the weekend.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things That Scream “I’m Pretending to Be Upper Class”
Yes, okay. Well, thank you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
All right, I'm not shocked by this one, that I got hate. Probably my mother was in the comments, too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
It didn't make me mad. I was like, I bet that's not, oh, and someone else said, I don't even know if we wrote this one down. They were like, oh yeah, a lot of like, what privilege, privilege, but I'm like, okay, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, and we bought multiple cases. So yeah, it may have been a couple hundred bucks. Right, like, I don't know. I don't know what to tell you. I don't know what to tell you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Well, I had a semester left, so take that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
No.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yes. And even that is not literal. It's a metaphor. It's not literal. It's just a mindset. Do we have to tell people that? I really wouldn't tell people that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I don't know. But I thought, that is a sad... So, are you doubling down? Doubling down?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
That's what we did. I don't know why people were so confused about it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, I mean, it's fine. But would you comment on someone saying sounds sus?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Just write the whole word out if you're going to be mad at someone.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, like, okay. Just go ahead and like just type it out. Let's don't be lazy with our critiques. All right, I'm done.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
That one did make me mad. We'll see in this comment. I was like, how do you hate on that? Like, that's my other thing. Sorry, we won't keep, I won't keep doubling down.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Here's what I did. And everyone's like, oh my God.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
We dedicated a whole episode to this. So we can be as honest about what we think as possible.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Can't do anything right, George. Can't do anything right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Okay, what's yours?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Is this in the parking lot?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
He found you, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Okay, George. I forgot that story. That's been a while.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
What did they say?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Did you know that? No, I did not know that. I didn't know that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
It's low on the bar.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I just want to know what he saw in you to think this is my guy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah. Yeah. I've had two that I still think about every now and then.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Just see, I can rope him into a scam in a heartbeat. Do you think it was a scam or do you think he genuinely forgot his Costco card?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Trail mix and meat.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Oh, no. They're calling us boring. That's an interesting story.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Actually, as the current King, I am disappointed.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Okay, that's good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
One was this girl, and she was like... Yeah, basically ragging that I'm Dave's daughter. And she's basically like, look at it. She tried to pull all my credentials. Like, I don't have a formal education in the financial world. Like, all this stuff. And I was like, come on, girl.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Okay, that's fair. Very humble. Very humble, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Just call them facts, facts. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Oh, my gosh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
That's right. Older than you or just general? Someone older. Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
When you're about to be 60.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Older. Older than what though?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
On my 30th birthday, I went to Vegas and I had an envelope and I said, this is the amount of money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
And when this envelope is empty, I'm done. I came out with more money than I came in. And the night I had at the craps table was one that I will never forget.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Okay, so the first comment I find endearing. They said, you know you're Dave Ramsey's daughter when you're using an envelope system in Vegas. That's cute. That's funny. Okay. And then we got a couple of these, but the essence was, so you're against credit cards, but down for gambling. Got it. Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I get it. I get why they're hating. So I...
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I'm not going to stop if I go to Vegas again. Like, I'll still play craps. But I may not talk about it publicly. I don't know. Is that bad discernment on my end?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I know. Well, it's not responsible. Like, we do talk about gambling. Yeah. It's if you have extra money, and that's what it was for me. It's fine. I don't have, like, this personal conviction of, like, I did something wrong. But should I have spread that with the world via a podcast? I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yes, that is fair.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
So I guess they think I'm telling you to gamble your life savings away. So yeah, but I get it though. I get that. I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I feel like I need to like even out my 09 wine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yes, yeah. And the times I have played craps, I have lost more times than I have won. But when you win... You brag about it on podcasts.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
And I played maybe three times in my whole life too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, I'm not like, yeah, that's not what I'm doing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
But I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, yeah, totally.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I could see it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Game recognized game. All right, George, you got a target. I mean, you're all about the stores in these clips. I go to stores. Okay, so this next one is about your target run.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, and I get that a lot. So like those comments, I'm like, I hear those a lot. But it was like another layer for some reason that I was like, I don't know. And then I had one about me saving for the pool. Our pool that we literally have been saving for for five years. We couldn't build it when we moved in, when we built our house, because we didn't have the money for it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
George, you're sticking it to the man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
That's actually pretty great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I actually, I'm great with it. That does not make me mad. Why were people mad?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I was expecting a little bit of service. George, you're going to get hate for this conversation right now.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
No.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Totally. Yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Okay, so you're doubling down.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
You're not supposed to be mad at Target. You're supposed to be mad at the people that commented about the hating about the Target.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
There you go. So good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
It is so true. I would cry if someone was like, you got to return this. I'd say, please no.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
They're sheets I bought for my sister-in-law because she loves very soft things. So I literally bought a set of sheets from Cozy Earth for her birthday. And she just told me like two days ago, I was like, do you just love them? And she was like, I literally get in bed every night and I just feel like I'm swimming. That's what she said.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
It's like I'm swimming because it's like the softest, most wonderful material. It's their sheets. It's their joggers, their pants. I have a sweatshirt. Blankets. I have a regular black t-shirt I bought, like a long sleeve that I love. Winston has the socks.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I'm not kidding. Go. You need to go because they have great sales. And actually, our discount code, I think, is the best, up to 40% off.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, and we were going to do it nice, right? So it was a pricier project, but we're like, we're going to wait until we can't. And someone was like, they were like, God, we all know she could just pay for it. She's having to keep that company afloat by working the plan, in quotes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, so that's a really good deal. Because again, these are like nicer products. Like we're not getting dupes here. They're like the legitimate thing. So when you go to checkout, again, you get up to 40% off. So type in SMARTMONEY when you're checking out and it's amazing. We love it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Love it, love it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Hmm.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Oh, the dentist for sure. But I think it's a scam because I'm fine. My teeth are fine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I went to the dentist and I did the whole like one year thing or whatever. And then every time I went, they're like, it looks great. It looks great. Finally, I was like, okay, I'm gonna go to one year. And then I went to two years. And then I went to the dentist last year for the first time. And I can't even tell you how long. And he was like, looks great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
All right. I'm not shocked by this one that I got hate. Probably my mother was in the comments too. I know people.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Now's your chance. No.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Okay, that's probably strong language. Some of the comments were, no, Rachel, go at least once a year. Dental health is a part of your overall health. If your plan is on using your teeth forever, professional cleaning every six months at a minimal, Rachel, 85-year-old Rach, we'll thank you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I mean, so far my plan is working for myself. My children, I do take. So just so I take care of my kids. My kids do go twice a year, all the things. But I just, I don't know, George. I feel fine. I think the dermatologist, I would be more, so much more inclined to like check my skin for stuff.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
In my teeth. Yeah, I got two when I was younger back there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Because my mom would take me to the dentist. And then I went, though. I went, y'all, like two years ago. They're like, looks great. Everything's fine. And I had not been in years. I'm telling you, an electric toothbrush and flossing, you are fine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, I've gotten on the flossing train.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
It's because I have one of those little stick guys.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Like the bags of stick things.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Maybe Oral-B. Oh. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Why?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, why? What is it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
You know, my mom reuses her dental floss.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I'm being accused of like fake saving. Like saving is a big deal for me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
It was, I know. I know. I don't know what to tell you. Just be on the line for me. Anyways, I don't think it's a scam. So I'll do one of these, half and half. I don't think it's a scam. That was kind of a joke. But also, I think you can keep your dental health fine with an electric toothbrush and flossing. Now, if you have pain, go. Right? But like... And again, maybe genetics too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I was a little aggressive. I'm so sorry. Am I a hypocrite?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I think some people just have bad teeth.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
So if that's you, then probably go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
What do you see in there?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Big deal for me because I'm a spender.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, people did not like, especially the dentists out there, did not like me saying that. That makes sense.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, I mean, what other, I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
But I thought about that multiple times during the project. I'm like, it's just funny. They thought I was fake saving. But I was like, what do you think? Do you genuinely think I just have access to Dave's like bank account that I can just like take money out and use it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, no, for sure not. Definitely not, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
All right, we'll end on this last one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Oh, I love this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
They always tell you you need an oil change. I say marketing myth, Winston would say, needed. He's big on oil changes, like taking care of your car. Me? Eh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Are you an oil changer when it's like it's time? Because I think my car indicates it later than the little sticker they give you up at the top.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Because they want you coming in more. And they also come to you and they're like, well, your tire, your engine, your whatever, whatever. And I'm like, all of you. All right, a little friendly oil debate, you know? Is it a debate? I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
No. This person said, if there's any car costs not to skip, it's an oil change. It prevents costly problems down the road. This person said, I work in the auto industry. Read the owner's manual. It tells you the correct mileage intervals for maintenance. Technically, you can go 10,000 miles between oil changes, but I still say do it close to 5,000 miles.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Feels like a long time?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah. I don't know. I feel... Higher?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I feel like I am... Eight, nine?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I feel like I am who I am on that clip. So what I said, to repeat what I had said in the past, is I would not follow the sticker as much as I would... The meter. The meter. Yeah. And I am not as detailed with it, even though I do think it's important. So I...
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I will not double. Like, I'll be more George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, I would go more. We should probably get our oil changed. I would get my oil changed more frequently than I would get my teeth cleaned.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
And not brush, again. I want to clarify that I do brush my teeth. With an electric toothbrush.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Just want to make sure we all know that. Teeth look great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yes, that's true. That's true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yes, that's right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Listen, I think that we can change over time, George. I think that we may say things that in context made sense in our head, but as it goes out to the internets, may you not have the full grasp of what we are wanting. And sometimes we're wrong. But most of the time we're right. So it's fine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yes, I know. So anyways, I've thought about that a couple of times. I was like, do people really think that I'm like fake saving? That makes me feel better. How about you, George?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
And if you have the energy to put in negative things on the internet, comments for people that you don't know personally. How is your quality of life? I would just ask yourself some questions about life for you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I don't know. If I'm being real honest, we talked about before this show, I'm not friends with people that leave comments.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, and I was like, I don't think so. I will have friends that comment on celebrity posts and they're like, yeah, you go girl. I'm like Kim Kardashian or something and I'll see their comment. It makes me laugh. But it's like nice or something.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, yeah, yeah, yeah. But I don't think I have any friends. I could be wrong on this. So just, and I can be held to this. The friends, I'm going through my Rolodex real quick of like eight to 10 of my girlfriends. I don't think any of them would put negative comments out into the world. I don't think that they're like gonna say something mean on the internet about people.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, or both.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, I'm kidding, y'all. It's fine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, it's fine. We're kind of, we're blowing this into a bigger deal than it is.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
What's that whole meme? What's the?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I'm fine. It's fine. Everything's fine. We're fine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
But just know, we like doing this. We like our jobs. So just keep watching. And that's helpful.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
You're only making me more powerful.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Okay, George. Well, before we spill the tea on Guilty as Charged, what are we sipping on?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I hate to say it because I saw how much time and intentionality this mocktail took. There was a lot of blending. I mean, there was a lot of pureeing, a lot of stuff. So I just want to say thank you for making it. But I'm giving it a three out of ten.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
You love jumping in there sometimes. But we hold you back. The lifeguards at Rams, they're like, don't go in, George. You can't swim. And you just dive in.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah. But it's not bad. Not bad. Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
All right. Now it's time for Guilty as Charged. And this is where we ask each other a new guilty as charged question every week. And if we're guilty, we take a sip.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Oh, no. When you put something out online and it backfired. I did on Instagram, A, one of those collagen face masks that's like all white and then it like dries clear, translucent, and you like peel it off and it's supposed to be on for like five hours. Yeah. And I did it because I was seeing them everywhere.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
So I was like, oh, so I did a story that I was doing and I got so many people were like, oh my gosh, tell us what you think, what you think. So I did like the reveal after. I was like, okay, this is right here. Took it off and I was like, eh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
And you do a swan dive too. I feel like you're just like ready to.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Well, it's just like, It was fine. I mean, like nothing like majorly changed. And I guess I had shown, or no, I think I even tagged the company because people were asking what brand I was using. So I was like, oh yeah, it's this brand. And then they reached out to me. Oh no. I know. I felt terrible. And they were like, we're so sorry. You were disappointed.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Hey, guys, I'm Rachel Cruz.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
You know, could we ask, like, they were very kind about it. So I was like, oh, shoot. You kind of forget that's people on the other end.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, I know. And I didn't like bash them, bash them, but I was just like very lukewarm about the results. So I think I just told them my only feedback was like every girl I was seeing that was promoting it had like beautiful, clear skin.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
So like, I don't know why, but you think like, I know it's not true, but a part of you is like, when I take this off, maybe my sunspots will go away and like my pores will shrink instantly, you know? And you're kind of still got your face. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Your face is your face. So I did feel bad. I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
They were so nice about it. I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Am I a hypocrite?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I just talked about how I don't say anything negative online. But I wasn't like bashing them. I was just like, eh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Oh, no. Oh, man. You know, you put yourself on a pedestal and then you get knocked down because of your own words.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Shoot. I'll rethink my whole life now. Good. Okay, George, you?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Not Costco?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Oh, that's funny. You know, only you knew, though, and Whitney.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
He's having a real happy day here at Sam's.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Paparazzi's like, George, George, over here, George, George. George, tell us, George. They're all yelling at you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Just taking your picture. I can't swing that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Take that hat that you never wear.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Catch me on the wall.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I'm so proud. So proud. Well, make sure that you guys leave a review. It could be nice or mean. We're taking it all. These days are really okay. We're fine. It's fine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
And make sure to check out our episode where we explain our most hated financial advice. If you like this episode, you'll love that one. And make sure to subscribe so you don't miss an all new episode of Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, see, I don't get into my comments with that stuff.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I did want to reply to that girl and be like, love women supporting women and like kind of just throw it back at her.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I didn't. I didn't though. Wow. I thought about it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Okay, but those are funny when Mama Four Jane comes at you. Oh, yeah. And then you go and she's like, First Corinthians 4-6 in her profile. And you're like, good night, Jane.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Wow, George. Okay. I am vindictive. Man, we are so excited about this episode. Let's get into it. You can't tell.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
And this is Smart Money Happy Hour. Well, this is the show where two friends who happen to be money experts talk about what you're talking about. Everything from pop culture, current events, and money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I love it. So let's dive in, shall we? We're going to watch the clips. I think we should.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
We hear you. All right, so the first clip, this is you, George. Oh my gosh, George Campbell, you are tacky.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I was a little aggressive. I'm so sorry. That's okay. Honestly, the QR code though, George. Okay, and the comments were, if we shall...
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
College fund donations are strictly for the grandparents.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Oh my gosh. Okay, are you doubling down?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Okay, it's just unbelievable.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
You weren't expecting your social media people.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
But you did ask friends.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
But the dogs will destroy it. Doubling down. George is doubling down.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Okay, fair. Okay, next is mine. And my children. And my children.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I like it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
My kids now, we only give them tablets on road trips or on flights. So they're like on drugs every time we like travel. They don't get them. So I don't do anything now. What are they watching? It's great. They play games. A snake game that you got to eat stuff. That's their big thing. That feels like a good thing. I know. They love games. And one's a color in per box thing. Amelia does.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
That's what we're learning, yes, that they just want their tablets.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Oh, my gosh. I did say I'm going to give them a tablet. It's like they're on drugs.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Oh, drinking a mocktail on a mocked episode. Very fair.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yes, that it's like they're on drugs because they're just like so dazed out staring at this tablet, which isn't even an iPad because we're too cheap to even do that. So we do Amazon Fire, and they're sitting there just playing their games, and you don't hear a peep from them. So yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, so I would rephrase how I said that so that it's clear. I am not drugging my children with Benadryl tablets. They are watching electronic tablets. And because they are so happy and enthralled with them, it is like they are on drugs. So forgive me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
No, they just get it on vacation. And now it's kind of like become a thing because Charles recently, we're going on a trip for spring break. And he's like, I can't wait for our trip. And I was like, I know, it's gonna be so fun. He's talking about the tablet. He goes, because I get to watch my tablet. And I was like, oh, shoot. So that's not good, you know?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
So I don't know if that theory is really working out for us, but it's fine. Yeah, I don't. We don't do tablets at home.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yep, so good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Just the big screen.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Just the big screen. People probably yell at us for what we watch.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I got a Game Boy, the original Game Boy. Yes. And you had a Tetris. Kirby. Did you ever have the Kirby game? Love Kirby, yep. I did that. And then we did get a PlayStation when I... The original. This is like the gray PlayStation.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Gosh, and that was... What was your game of choice? I had a game... We've talked about it on here and we couldn't remember it. It was like a... It was like a chicken.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
A rooster looking character. A chicken character that you would play. We looked this up. Do you remember this, George?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yes. Oh, no.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, that wasn't too bad.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I've heard about that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, for sure it does.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Oh, they thought you were sponsored.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
She was shocked. All right, George, so you're doubling down. I feel it in the spirit.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Just trying to be a helpful human.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
They're just mad that you're giving hacks, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yes, love Delete Me. Can we just talk about how great they are?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Because they go in and remove your information online and hundreds of data broker websites that are out there because if you are unaware of how much time you spend online and how much time you put in your information online, like we all do, but it's everything from your name, address, addresses, even past addresses, your phone number, like all this information about you is out there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
And then, you know what really gets me, George? What's that? Companies make money off of that. Off of our information.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Totally, no.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
And they sell it to other companies. And you're like, stop it. Stop using my information. But that's where so many of our spams and scams come into play. So removing your information online is what Delete Me does best.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
Yeah, it's a great deal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
All right, this next one was a clip from Smart Money Happy Hour and we put it on... on Instagram or online, I think on other platforms.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
About us buying 2009 wines the year we got married. So here's this clip.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I know. And you know, I like a good little debate every now and then. Like, you know, get in there. If we can all just be open-minded, a little political. I like to read some of the comments sometimes of like political posts to be like, all right, what's the banter going on here? But when it is at you, It's a whole different ballgame, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
You know what Winston and I did?
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I mean, over 60, 70, 80 bottles of 09 wine. And every anniversary, we open up a bottle.
Smart Money Happy Hour with Rachel Cruze and George Kamel
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Uh-huh. Yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
And we have all of our bottles of like where we were, like which restaurant we were at, and all of our anniversaries, almost 15.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
I mean, a lot of like, that was great, that was great. And then I got, you can't buy 09 wine in 09 unless it's table wine, which wouldn't age. Suss. All right, I got married December of 09. So by the time you go to your honeymoon and like do all the things and you go to liquor stores, like probably bought it in like February of 2010. Sorry, I got the details wrong. Tons of 09 wine, tons of it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
And then George, you know what you do? You go and you buy... Wine refrigerators, we bought two of them to hold the bottles. So they're chilling. They're chilling right now in refrigerators because you know what? It was an investment into our future and what we wanted with our marriage. So they are lasting and they are still good 15 years later because we open one every year and it's fine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
We Dedicated an Entire Episode to Respond to the Haters
It's good wine. And it wasn't crazy expensive wine either. But if you keep it preserved, it's fine. Now, is it going to be okay in 50 years? Maybe not. But who cares? We're going to be like robots by then, you know?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I can't get on board with the debt snowball. Highest interest rate first all the way.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yeah, most people aren't really investing like a ton, if they are even investing. There's a lot of people that... aren't even in a position to invest. So the idea is to get yourself, yeah, focused, get out of debt. And then suddenly all this is freed up. Like you think about the average car payment for a new car is $737.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
You think about that, you think about, you know, who knows what like a credit card bill, a student loan payment of 400, 500. Like you add up all this debt and when all of that's freed up, it gives you a lot of margin to do things.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yeah, it's kind of like, oh, yeah, I'm going to follow the Ramsey principles and do money the way Ramsey teaches and talks about.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Love it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I love delete me. I'm sorry. I'm sorry. I just wanted to talk about delete me. Because it is true, George. Regardless of where you are financially, we have to be thinking about this. Because our data is out there, y'all. I mean, think about all the forms you fill out online. I mean, there is so much that we do online. And our information is there. And this is what makes me mad, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Can I just tell you what makes me mad?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
that these companies go and get your data and then they take it together. And then they're like, hey, company over here, I'll sell you George and Rachel's data for money. They're making money off of us, these data brokers.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yeah, give us something. Send us a check in the mail.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Using our data and making money. So Delete Me goes in and removes your information from those websites. And it's a beautiful thing because we want to be protective of our data these days.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
but I'm gonna have like on the side my own caveats so like I'm gonna do it all but I'm still gonna you know keep a credit card or I'm gonna do it all but I'm still gonna like get some crazy mortgage to make it work for me to be able to get in a house right like I mean like you kind of do it all but they think of it like a buffet it's like I'm gonna take what I want yeah that's a good way of putting it yeah but a couple of things here and there it's like yeah we're just gonna kind of change it up if you will
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Oh, you did?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Mr. and Mrs. Camel.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yes. Yep. Get that out of here.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yeah, you are. That's amazing. Well, so great. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Check out Delete Me. All right, since you got another one. Yeah, keep going.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I know. So, and this is always funny to me, because to me, the emergency fund, I'm like, I don't want to touch it. Like, I don't want, I'm like.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yes, yes. So, yeah, I mean, the emergency fund is there for an emergency. And that's when things come up that are unexpected. They're urgent. And they are necessary. It's like pop quiz. And so it's just there as your safety net. So saving beyond that for things that you want is so key. George, are we so legalistic? Is this episode?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Are we just taking a hair and we're just splitting it? Just, I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yes, that's good, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
And then I get mad that I'm like, where's my results? Where's the results?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
The mozzarella sticks. They're so good. They're just so good. Yeah, but then you're like, but I'm not looking great. And your trainer's like, well, I'm sorry.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I think that's it, y'all. Yes, because I'm like, we're being nitpicky on some of this stuff. But also, we have to be nitpicky on it because it's things that have come up that we've realized people get screwed on. So the emergency fund, someone uses it for their vacation. And then what happens? Like something happens with their car.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
You know, they lose a job and then they're like, oh no, what do I do? It's like, there's a reason that all of these things have come up and why we have those answers. So we love you. There is grace in life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Things are going to happen, but we do. And this is like the most effective painless way to live. Painless?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Painless. Yeah, it's hard though.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Freeze it up.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
It's what we want for you. So it's the fastest way to go from point A to point B. And we are here for you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I just felt like, I know, I just felt like we were just like being a little bit pecky. There's a reason why.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
No, I like conflict. I like a good debate. Get me and debate me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Those were my fists.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Okay, that's fine. Let's do that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Well, I would say, yeah. I mean, I would not take money out of the college fund to pay off debt. So just pause it. Keep it there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yeah, but all of that money that's sitting in that fund is getting compound interest. Your money is making money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
And I would say Ramsey-ish would be big things, not small things. I don't know. Like, I feel like there's like small things you can do that wouldn't necessarily quote unquote be Ramsey, but it is what it is. But then there's kind of the big stuff, like debt would be one of those big ones, like that kind of thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I know. Well, then do you have to choose a different school if your students don't have the money?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I was going to say if they don't rush. If they don't rush my sorority.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Man, how much do you think that kind of parenting and parenting in general is so much the parents' issue and not the kids'?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
And I don't get that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I love the University of Tennessee. Go Vols. I cheer for them, love them. But I don't understand this whole college of like, oh my God, you have to go to the school I went to. I don't get that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Do you think that's it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
But see, I think it's less of like, oh, the fun of it. I think it's like this ego of like... Yeah. I think it's more pride than like fun because they could go have fun anywhere.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
You chose it purposely for that reason?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I know you did, but you did that just to give the middle finger to like this like idea.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
So I would say to that question, yes, then you may have to change schools, meaning go in state community college.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yeah, you're going to retire.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
So good, George. All right. Money is so tight. I cannot imagine giving up 10% of what little margin I have for tithing or generosity. Is it okay not to prioritize giving right now?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
This is a good one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yeah, so when it comes to giving, for me, I think it's one of these things we put into our lives as a rhythm, that it is like, this is just part of what we do. And there is something about, again, I don't want to be legalistic with it, especially with giving. That's really sad to be legalistic about something that's supposed to be so good. But you have to give. Yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
So again, give a little until you can give a lot. Like, whatever. But we recommend 10%. It's just kind of this baseline. And as Christians, right, like that's in Scripture.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yeah, there's a level of that. That's a part of it. It's like, okay, that's a good baseline. Because money is so much more than just the money. Like it is so much about the person. And when you are giving, what you are doing is releasing a level of that control and opening your hands and just saying, yeah, this world in my life is not all about me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Like there's a level of selflessness that starts to happen when you open your hands and you give a little. And when you do that, over time and as you start to build wealth, it just is a part of who you are. You are a giver. Because let me tell you, if you build wealth, I think sometimes the more money you get, the harder it is to give.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Because you see a dollar amount and you're just like, oh my gosh, like that's a lot of that 10% of that income. And if you're not in the rhythm of it, it can be harder to finagle. It's not that big of a deal. You know, you can kind of talk yourself out of it too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
And so when it does, when your income grows as you're building wealth and all the things and giving is a part of your life, that continues to magnify who you are. And that's what we want for you. Like money is not gonna make you happy. It's not, like it's not.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
And we live in a world where the center of so much of what we do is to be successful and to like make a lot of money and earn a lot of money. And it's just like money, money, money, money, money. But you're missing the point if that's it. The point of building wealth is to, yes, change your family tree, enjoy it. Yeah. But it's also to help people and to give, like use it as a great tool in life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Well, there's other areas of life that we do this, right? You think about someone that like does CrossFit, but then they smoke and drink or something. And you're like, wait, what?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
And I just think you miss that opportunity regardless of where you are in the baby steps.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yes. Again, it's that well-roundedness. I love that. All right, George, let's do our last one. We went through the whole fishbowl, y'all.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I mean, so much in interest.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yeah, what is that?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yeah, I agree with that. And again, I think that there's things and even some of these questions in today's episode. You know, in the grand scheme of life, can I just be a little gray here? It's like... you're not off the rails, right? It's like, that's one that it's like- It's not a sin. Yeah, yeah, yeah. It's not like, oh my gosh, you're like, you know, you've left the Ramsey plan, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
But our whole point of this is like, what's the fastest way? What's the most effective way to get you from point A from where you are to point B?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yes, to be debt-free, build wealth, invest, be smart, be wise, have peace with this part of your life, like all of that, right? We wanna do that as quickly as possible. And we have found, yeah, the 15-year, getting out, putting yourself in a system that's going to get you out of debt.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
And half the time, even if you followed it 15 years, but we also find that people are paying off their houses in like 10, 11, 9 years. Like we're kind of getting all over the map in those years that people are doing the baby steps. So again, it just kind of puts you in the system, kind of a forced payoff plan. And it works.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Their lifestyle creeps slowly over time.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
That's exactly right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Not buying it here.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
All right, George, what do you think? We really, we really.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Totally. Or saw an Instagram reel in 30 seconds. Yeah, so there's a lot of these areas of our life, George, that people kind of like, yeah, they like claim something, but then they kind of like... to their own devices, do their own thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
That's right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
What would you be a coach of? Chess? Is there a chess coach?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
What would be your sport that you'd coach?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
No, I don't know. I just thought of it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Have you seen the puzzle competitions? What if you're like a ref for a puzzle competition?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
It's just bougie enough.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
You're living okay. I don't think you need smart money happy hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I'd be a swim coach. Not because I'm a great swimmer. I just like the like... I just feel like it's intense. Go, go, go, go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yeah, that's true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
That's fair.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
But good for you. Were you a big swimmer growing up? Nope, nope. Never done it in my life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I just felt like, can I swim? Like professionally? Like the strokes? Survival.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I could float for a long time. I'd just kick my feet back and wait for that rescue to happen.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
No, I'm a good swimmer. Are you a good swimmer?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Okay, if you're over, if you and Whitney are hanging out at our house, and one of my kids pushes you in our pool on the deep end, how are you getting to the side? Give me like a motion.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
So good. All right. So glad. Okay, well, before we spill the tea on our guiltiest charge, let's give our drink a rating, shall we?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I'm going 9 out of 10.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I liked it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
It tried.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
It's kind of like a mocktail-ish. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
That's right. Okay, so all of this has been drilled into me since birth. Since I was in the womb, if you will, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Wow. That's a lot of effort.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
That's a pricey one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I love it. All right, George. Now it's time for Guilty as Charged. And this is where our producer Kelly gives us a new guilty as charged question every week. And if we're guilty, we take a sip.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Oh, great question.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
For sure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I'm a spender. So it's going to be something in the spending. It probably wouldn't be in like the investment saving side. It would be in the spending side. And I would totally play the game, the airline miles, the, yeah, all that stuff. I would totally play into that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yeah, yeah, yeah. I would finagle all of that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
That's right. But for you, you kind of got on board as an adult. So what were areas of your life that you were kind of Ramsey-ish that you had to change?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
That's a good question.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I think I would probably just do like a travel. Have a card, but all the points go to travel because I love to travel. And I like bougie travel. So if I get like the lounge, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Or upgrade to first class with miles. Like you kind of get perks, right? That's part of their selling point. So I don't need perks to like Amazon. I don't need perks for like a specific store credit card. Like a Target, I don't think I want perks. I think I want perks for travel.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
So for me, knowing that I'm not going to have credit cards because I think I would massively overspend to play into that whole like...
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I mean, seriously, but a debit card, it keeps me in check. And there's something about spending in the present, in the moment, like literally when I know I'm buying something, it's going right out of my account. There's no delay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yes, it's an instant feeling knowing that this is happening. It's not a delayed response for later on. And it gives you a level of control. And I like the idea too of at the end of the month, there's not a bill. Literally, you just pay your way through life and it's great, right? We have bills for like electricity and cable or those.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
But just to know that our life from our out to eat, grocery, like everything that we're doing, it's done. It's done.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yes, there's no risk in that because it forces you into a system of living within your means when you're living with debit. And that's genuinely a better place to be. I would much rather have peace than to have those like extra airline miles, right? Because I can save up with the money I wasn't spending on a credit card and still like travel well. That's what we do. That's what I do. That's great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
That's right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
That's good. All right. Okay, how about you, George? Yours would be like investments, I feel like.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yeah, you'd play the math game a lot. I could see that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
So good, George. Well, this was a fun, fun episode.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I took a sip. It was fun. And if you enjoyed this episode, make sure to leave us a review and check out our other episode on our most hated advice. And that episode is after this. And make sure to subscribe to the channel so you don't miss an all new episode next Thursday of Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Oh, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Okay. Yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
That's good. I love it. I love it. Well, there's a lot of different scenarios on this topic, George, that we put in that people say, well, I'm doing it, but here's my own way. And I think we should talk about each of those.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Be nice.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Hey guys, I'm Rachel Cruz.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
All right, you ready for this one? First topic. I'm so nervous. I can't get on board with the debt snowball. Highest interest rate first all the way.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Which mathematically is correct.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
And this is Smart Money Happy Hour. Well, this is a show where two friends who happen to be money experts talk about what you're talking about. So everything from pop culture, current events, and money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
And get through it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
That's right. Yeah. Because it's less, I mean, a lot of this personal finance stuff, it's less knowing what to do in the math and trying to finagle like formulas around it. It's actually just doing it. And we found that doing it, you're more motivated to do it if you're getting these quick wins.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Into the credit card debt. Yep, I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
All the way.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
You get nervous about things?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Oh, yeah. This is a very Ramsey-ish thing. The credit card, I think, is one of the hardest... Hurdles? Things to break in people's financial life for them to do something so different because you're just so used to it, having a credit card.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yes. And you feel like you're playing a game and winning some kind of, you know, industry standard sense that like, oh yeah, I'm getting the airline miles. I'm getting the cash back.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
12 to 18% more, some studies are showing. I mean, like it's a pretty significant, and we've had people do their debt-free scream. And I remember one lady was saying that they did everything, but they kept the credit card. And then halfway through their debt snowball, she's like, because they just use it for like their utilities, like what was they were going to pay anyways?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
And she said, when we cut it up, I realized, oh my gosh, we did actually use it for a little bit more. And then those things were like, oh, yeah, there's just like not this emotional attachment to your money when you're using someone else's money. She's like, we did end up spending more. Like we did. She's like, it's great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
We literally saved more the month we cut up the credit card to when we went to debit.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
By not doing that. Yep. It's good. All right, next. I know I need to get out of debt, but I'm scared to take my savings all the way down to $1,000. Can I just leave a little extra in my starter emergency fund?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yeah, and this is real.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
All right, George, before we dive into that and judge everyone, what are we sipping on?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yes. And it's really interesting when you think about it because people want to keep money in savings because they feel like, okay, there's like safety there, but yet I'm going to have all this other debt over here. And if something were to happen to your job, that savings probably won't last you very long anyways, where you're going to have three or four debts that you could have paid off.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
sitting there waiting for a payment. And if you can't have the money to pay it, then it's going to go into collections. You're going to get late fees. Like, do you know what I mean? Like, there's risk either side of the coin. And so might as well use that motivation to get out of debt quickly to then bump up that starter emergency fund to three to six months of expenses.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
That's right. And we know, you know, if there's life things happening, you know, if you're about to have a baby, if you're moving and you need money for moving expenses, like there's a time and a place.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yeah, deposit at Snowball, fix the thing, do the thing, and then go back to it. It's great, right? So like there's caveats around that. But overall, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Love it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Takes them forever to do it. They would never do it. And in that process of saving up that much money. You could be paying off debt, but you're paying more in interest and still debt payments, right? So like, it's just, yep, get a quick emergency fund and start paying off that debt.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Move on.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I think it is great to buy nice things.
Smart Money Happy Hour with Rachel Cruze and George Kamel
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I mean, if you have the money for it, if you're intentional and knowing like, yeah, I have saved for this or it's in the budget, it's within the boundaries that I've set for myself, you can definitely enjoy things. And one thing that I love to buy and enjoy is Cozy Earth.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
So nice. It is like good quality products, you guys. And it's like the sheets. I got a robe.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I know, the robe. I have a blanket. I have, Winston has the socks. I have joggers.
Smart Money Happy Hour with Rachel Cruze and George Kamel
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PJs, yes. I've gotten so much stuff from them because seriously, their products are amazing. And I love specifically the bamboo. Anything bamboo? Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
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I don't know, but it's amazing. And they're giving us an amazing discount too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Love it. All right, next, George. I invest about 10% through my company match, but I have about 5% going to crypto. It's fine to have a balance, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
So great. Okay, so George, when I say this line, what do you think of? Oh, yeah. I follow Ramsey and I am debt free.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
That's right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
It's not an investment. Like you're investing in a currency.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
You're trading currency is basically what that is.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
There you go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
The blockchain and everything, yeah. So, listen, if you're going to put your hard-earned money away for savings, for me at least, I'm like, I want to know that it's going to work. And when you invest in the market, you're going to get anywhere, you know, 9%, 10%, 11%, 12% returns. And I'm tired.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yes, I know. Some of our funds, when we pulled our stuff, I was like, oh my gosh, it was a great year. Amazing year. So do that 15%. And then, yeah, if there's other things you want to do outside of that, then go and do it. Just make sure you have the money for it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
This is a hard one. Medical and law is tough. Law school, medical school.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
But I do have a car loan.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
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Well, I have found and talked to people that there are programs out there that you can actually apply for, you can get. And again, it's going to be school specific. So you may not be the school, the medical school you want to go to. But there are programs out there that you can, you know, you can work, you can do, you
Smart Money Happy Hour with Rachel Cruze and George Kamel
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it's like, I don't wanna say internship because it's medical school, but there's this level that they will actually pay your way through. And there are some places that it's like, yeah, if you go and work for a certain place, they will help as well. So it's been interesting because throughout the years, it doesn't happen often.
Smart Money Happy Hour with Rachel Cruze and George Kamel
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Usually we get the call of like $250,000 to be a dentist and like, we gotta pay it off, right? I mean, that's usually the call we get is on the backend. But we have talked to people that have done these like creative ways to get through higher ed, and even medical school and law school that it's like, oh my gosh, it's incredible. And they actually look.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
And I think that's the thing is actually be curious about it and go in and research and talk to people because there are other options out there. Again, they're slim. I'm not saying it's like everywhere available all the time, but just go and get creative about it and be curious about it because you will find other options. I just don't like the idea of
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
This is it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
And that's what it's going to be. And yeah, and it's tough. And life happens. And we hear those calls too, George, where someone's in the middle of medical school.
Smart Money Happy Hour with Rachel Cruze and George Kamel
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Something happens with their family. Yes. And then they have to drop out. And then they have $100,000.
Smart Money Happy Hour with Rachel Cruze and George Kamel
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So it's still a level of risk, even though, yes, you probably will make great money. at the end as you're starting to work and everything.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
And just like, you know, a traditional four-year degree, every school is different. And most people don't care where you went to medical school, right? I mean, I guess if it's like, oh, I went to Harvard Medical, that's like pretty amazing, right? I mean, like, yeah, so there's certain ones that you like actually know and hear about.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
But overall, like, I don't know where my OBGYN went to medical school. I really don't. Like, I don't know where doctors go to school.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
I'd be like, okay, that's great. Like, I don't know. It's just, it doesn't matter. So the price is going to change, too, depending on the school. So look into that, too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Love it. Oh, my turn.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Sorry. Why pause investing for any reason? It is free money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Money Strategies That Are NOT Dave Ramsey Approved!
Yeah, and again, people are like, well, it's free money. But what we've realized is the faster you can get out, then you actually have the margin to go and invest 15% of your income, which is maybe step four.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
I do think that is true. I would make them pay more. I think you should pay more. Garages, do people use the garage? Oh, I didn't think about that one. Mm-hmm.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yeah, but you are going to be enjoying it. Versus a necessity for the house. and live in the common space, right? So I would think I would ask for a small amount, like let's agree on a budget. And then if that person wants to go above and beyond, that's up to them.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
You know what we did in college? I had four roommates and we had like a jar and at the very beginning of the year, we all put like $50 in. Okay. And anytime paper towels or dish soap, like stuff that we all use, you just take it out of that jar. Oh, yeah. And buy it with that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
It was very smart. It felt very efficient.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Well, I'm such an extrovert. You're like, woo! People are at the house. I loved college, though. College was like my prime. I think I've gone downhill since. It was so fun. So like one year, yeah, I lived with three of my friends. I was talking about, and then the next year I got married in December. So I had half of a semester. So Kelsey and Carly shot out. They were living in a two-bedroom.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
And Kelsey let me get a mattress on the floor. I shared a room with her for four months.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
From August to December. And it was so fun. I love living with people. Now I say that as like a 20-year-old. Now I'm old.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
How would you coach them?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Gross. You know what I mean? Gross. Winston's roommates. I had four roommates in college. It was five of us.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Disgusting. Disgusting.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
A house? What did you live in?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
It was very the holiday of you, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
An English cottage?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Wait, what?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Do you have a bunk on yours?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Oh, so this was like part of the school.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Oh, it's not like an off-campus cottage.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
I got you, I got you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
They wouldn't turn on their heat. They all slept in sleeping bags. They didn't like flush the toilet. Like there was certain things they just like, it was so, it was just, you walked in and you're just like...
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yeah, to me, it's less about the income gap. It's more about where do you guys wanna be as a family? So yeah, you can get used to living on what they're making. And in New York City, right, it doesn't go as far as other places. But I would decide, okay, what do we need to make to enjoy our life and not feel this like weird pressure, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yeah, I can't do it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Totally.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yeah, that's stupid.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
I think splitting as evenly as possible on things that are even is ideal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
No, don't penny pinch.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
The next one is divorce.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
I know, but this is happening. It is weird getting to the age where you know people that got married at the same time as you and people are getting divorced.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
The seven-year itch is a good thing is what they say. Yeah, they claim that. I don't know. I don't know. I feel like it would have been shortened because of our attention span in life. I feel like everything's just shortened. I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
But I do think what happens if you're like, especially as like a couple, right? You go on trips together, whatever, whatever, whatever. And then the divorce happens. Not only is the relationship sticky at that point, but then one of them's like, oh yeah, I have one income now. It's going to look different. Oh, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Or either way, like you split, right? And it's like, oh yeah, it's a single income now when they're used to living on a dual. And now they're trying to be like, oh yeah, I can't afford that. You know, the change, it does happen within like a friend group can be a thing for sure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yes, for sure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yeah, for sure. Next is friends.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
So vacations, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yeah, we do. We have like... We have four families that we feel real good traveling with.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
No. Three for sure are spenders. That's why I think I enjoy vacation.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
And then our other friends are more budget conscious, for sure.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yeah. I mean, so let me say this. When we vacation with people... all of them are like in town, like we see them on a regular basis. So I don't feel this obligation to be like, oh my gosh, we have to see you on vacation. It's more like, hey, we want to go to this really fun place. Do y'all want to come too? Because it would be a fun experience if y'all want to come too. Does that make sense?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
So I feel like that's kind of how we have done it. But we did have one trip that we had three families and we rented a big house. And I did pick the house and I did want it closer to the beach. Which is pricier. Because of the kids and stuff, I'm like, it's just easier. So I would stay further away from like the central point to be on the beach.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
And do you tell them, hey, it's going to be this much for a family? And I did say, and I talked to Winston about it before, and I just said, hey, I'm okay paying more for our share so that we can be close to the beach.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Handling money differently than your in-laws. All right, next category, co-workers.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Because I mean, I do think there could be a point that she's able to step away and do something else, not making as much, where maybe she has more flexibility, more time, and she doesn't feel this pressure on her, right? So that would be what I would get to is more of, hey, what do you have to make as a household to run peacefully and enjoy life?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
To kind of subsidize it a little bit.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yeah, yeah. And a lot of them are like, well, how much is it? And I'm like, I'll tell you the price, but we're planning this trip as the travel agent Rachel. Yes. No pressure, like there's not pressure. Does that make sense? Like, I don't want to feel like, oh, we all have to split this all evenly because I picked the house. Does that make, I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Right, that's right. And what it's going to cost. Yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
How about you guys?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
More trips, I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
I think that's great, yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yep, yep.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yeah, but if there was like a really fun, unique experience, I'm great with doing the like sitting in crappier seats for the experience just to go with them to the experience.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Do you know what I mean? Like that's something... that I'm like, oh, yeah, I wouldn't feel like, oh, gosh, we have to have the best seats ever. I'd be like, oh, no, no, I just want to go to this awesome concert because we both love Celine Dion. I don't care where the tickets are.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Oh, that's pretty far. Yeah, that's pretty far.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Oh, shoot. So not worth it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Okay, that's good to know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
But like middle back section.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yes, I agree with that. Yep.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
I love your honesty, always. I think I have the winter blues. Do you, George?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Are you like a weather, like depression, happiness person, like depending on what the weather is?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
What?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
And do you know what has the coziest stuff?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
I believe it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
A hundred percent.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Oh, yeah. The sheets, the pajamas, the socks, the joggers. I mean, we have so much Cozy Earth stuff, honestly. Like, we go and buy it. Winston went and bought a bunch of stuff without a promo code. I was like, babe, you got to get a deal. Learn from George. It pains my soul. Learn from George. No, but Cozy Earth, they are doing an incredible deal. Okay, are you ready for this?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
February 7th through 9th, if you buy... regular priced bamboo pajamas, which is what you need to buy because you're at the bamboo is like the dream. You get a free pair.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
BOGO sale is happening. So if you use the promo code SMARTMONEYBOGO, so SMARTMONEYBOGO, you get two pairs of pajamas for the price of one. And these are like, they're legit. I'm going to jump on.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
But also, whoever brings in the money, I don't know, it's just never been a thing. And Winston and I have been through different seasons. I mean, honestly, like we kind of can flip-flop years. Like he makes more some years, I make more. Like it... And it's never like a big thing, but maybe it's because we're so close. If it was so spread out, maybe I would feel different, but I don't.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
And Cozy Earth is giving our listeners an incredible deal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
All right, last relationship, George. Kids are children. How do we deal with these guys?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
We haven't had a lot of that yet. I have heard of, like, on Instagram or, like, TikTok, moms charging for, like, snacks and stuff at the house. Oh, gosh, like Venmo? Like, hey, $5. Susie had a fruit roll-up. Yeah, and I'm happy to do stuff. Like, we had one of Caroline's little friends over, and I was coming home from work, and... Winston was there, but I was like, oh, I'll grab Chick-fil-A.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
And she was still there. So I was like, well, I'll just grab her a kid's meal too. People kind of help out. If Amelia's over, her friend's mom will order pizza. It's not really a tit-for-tat thing. What we run into more, and I don't know how to do this, so this is very new, but it's navigating what other kids have and how they want it. That's interesting. I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
And the things these girls want at a young age. Is it insane? I was into like, like limited to and caboodles. Like, like we were into like cheap.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
These kids, yeah, they're into like. Now like, mommy, can I have an iPad too? Yeah, and not like, and not always like her closest friends, our oldest, but girls in the grade. And again, it's not a moral thing because I don't want to be one of these people that's like, oh, you should never buy that for your kids. It's not, it's not even that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
No, Lululemon.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
But to me, that's like a Louis for a fourth grader.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
But like, it's, yeah, like, you know, Stanley cups.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
And again, I understand we're in probably a... quirky part of Nashville and not every, I don't know what people deal with, but I do think it's becoming more prevalent around because of the internet and social media. These kids just see an experience.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Okay, yeah. Kids are going to be exposed to things. I don't know how they're being exposed. I don't know if it's other friends at school. I don't know if it's social media. I don't know if it's the moms. I don't know. So somehow they are being aware that these things exist. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yeah, your little ones, I know. But yeah, that's where all this stuff gets a little tricky. And if you've done the baby steps, right? Like we've done it since we've been married, 15 years. you and Whitney, baby step seven, like, right? And some of you out there have been doing this for a while and you're at a point where you're like, okay, yeah, we can afford the $35 Stanley, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
But just because you can afford it doesn't mean you have to.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Well, then your expectations, that's my thing. Yes. That's Winston. You can never go down from there. My biggest thing is setting normal. What is normal in our household? You may get spikes of fun, spikes of Disney World, spikes of going with Papa Dave and me on a trip. Like there may be spikes in life and that's great. But like what's our baseline is normal. And driving a car, that's normal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
You're setting a baseline, right? Of what's normal. So how are we setting our kids up well for expectations in the real world?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
You do. I know. That's why work, grit, sacrifice, some suffering. Yeah. Makes it all in there. Putting the cocktail.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
I know. I don't know what to do. Anyways, it's tough. Kids and money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Oh, right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yeah, that's fair.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
And I think, I mean, I see the good in people. I do think parents want to, I don't think people are looking to like get a free ride off of other parents. Maybe there are people like that. But I do feel like people are very up to be like, oh yeah, can we chip in? Right? Do you experience that?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yeah, yeah, that's fair. That's fair.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yep.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Oh, man. All right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Oh, totally. And so I would celebrate that. Can I ask this though? Do you think there's anything in a dude That's like, man, like you do want to produce. Like is there something wired? Yeah, like there's like a thing there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
You'll sleep better at night. I think that's my thing is communication through all of this, the friends, the family, be open and honest. And then there is something to be said adult to adult. Like when you laid out there, their response and reaction is not your responsibility. Like you've set what's best for you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
You don't control that. And that is so hard. It's so hard because you love these people, right? So you don't want to bring harm or hurt them. But yeah, communicating things out loud in a kind, graceful way. Tone is everything. It's not what you say, it's how you say it. It's very important.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
All right, George, before we get to Guilty as Charged, remember this is the pink drink?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Sparkling... Pink mocktail.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Eight out of 10.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Because I think for like Winston, like if I quit, I know he would like landscape yards if he had. Like he would just, he's just a workhorse. Like he would just work. He would figure out a way to make money and be like, yeah, I'll take it. Like I don't feel this pressure that I have to in that sense because whatever he could make up. Does that make sense? I don't know. But he has that wired in him.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
I would say that would be a fun like birthday party.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Great. All right, now it's time for Guilty as Charged. And this is where our producer Kelly gives us a new Guilty as Charged question every week. If we're guilty, take a sip, Kelly.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Thanks, Max. Is your dad saying Max?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
He's from Egypt. Let me try that. Say it again.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Majid.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
That's pretty good. Measured camel.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Name that movie. Max, your boy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
The Grinch. Max.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Oh, that's a good one too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
I was going to say, I have a company cell phone.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
I don't know. It feels a little bit. Dave technically pays for it. Technically. Do you have it? Yeah. The personalities? Okay, good. Let me see if I feel better.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Okay. Mine would be if there's a really nice restaurant and I don't want to pay for it. I'll be like, hey, mom and dad, you want to go to dinner? And you're like, there's this great new place.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
35 star Michelin, no, I'm just kidding.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Oh yeah, they will, yes. So I will, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Oh yeah, oh yeah. But see, Sharon's not like that always. Like we went on a trip, a girl's trip, like two years ago. And there were certain times mom was like paying for her own. And I was like, okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
We are all back here. Yeah. She's getting a hot dog off of the vendor.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
She went, not today. I guess so, I know. Not today. And I'm way more shameless with that stuff than Denise is.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
So guilty. Guilty, guilty.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
I think so. That's a sweet thing. Just let them. I hear you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
All right, George. Well, this has been fun. If you guys have guilty as charged ideas, DM them to us via Instagram or other places because we see them and we actually have used a couple.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
We really appreciate it. Make sure to subscribe and leave us a review if you're loving this and catch our episode on $175,000 salary earners call themselves poor coming up next or if you're listening on podcast, click the link below. And we'll see you guys next Thursday on an all new episode of Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yes, for sure. No, that's a good point. Yeah, and I think the resentment of the tasks being done that he's not helping with.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yeah, and I mean, that to me is like,
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
I was going to say one-on-one communication and making that much. I'm like, do you go on care.com and hire someone for four hours a week to come Tuesday? You know what I mean? Like there's a point that you're like, do you have the ability to outsource?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Hey guys, I'm Rachel Cruz.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
If neither of you are like, have the time. I mean, who knows what his schedule is, even though he's not making a ton. It doesn't mean he's just sitting around. I mean, I don't know. But that has to be communicated.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
It's a hey.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
And this is Smart Money Happy Hour. This is the show where two friends who happen to be money experts talk about what you're talking about. Everything from pop culture, current events, and money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Or maybe he steps up and says, oh gosh, I didn't realize that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
It's a little foreshadowing for you. You are right, though. It is more than ever that we're seeing women out-earn men.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
That is happening within a relationship. I mean, that is becoming more and more common. So, I do think it's something that you do have to be, have a level of security, but also a nod to like, yeah, he may still want to like, Make money and produce, right? Where some guys may not feel that. I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
And find what gives you life and what kind of scratches that is. It may not equal dollar amount, but at least you're feeling productive. I do think that's important.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
That's a wonderful thing. Hallelujah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
All right, let's go into some money and relationships, George. Category number one is family. And when you get into inheritances, properties, if parents pass away, your adult kids are now dealing with the money situation and all of it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
The question and the tension, yeah. Yeah, it's either conflict or it's just completely stressful because no one knows where anything is, right? So I do think there is something to be said to sit down and have a conversation with your family about this. It's a really loving thing to do, right? I'm like, and I know people watching this are either like the adult children.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Maybe they're not at the age where they're going to do this. Maybe you are. I don't know. But... Just being able to say, yeah, here's what's going to be going on in the family. That's a very kind thing for parents to do, age appropriately. But once your kids hit adult age.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yeah, but communicate it is the key there. Okay, next, handling money differently than your in-laws.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
We get this call on The Ramsey Show a lot. And I think the rub is, because to me, I'm like, we're always going to do things differently than all of our, even like my parents, right? Like, not just the money, but the way you raise your kids, what you let them do or don't do, what you, how you discipline. I'm like,
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
your life decisions are going to be different than your parents and your in-laws, period, right? So I think we all need to be comfortable with that. I think it's when they're not respectful of said decisions.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yeah, and a lot of it, what we hear on the Ramsey Show is even like trips, like, hey, we're trying to get out of debt and our in-laws are guilting us into going on this trip and they're not paying for it. We have to pay for it, but we don't have the money right now. Like it's this whole like tension, right? Yeah. I think that's where I see it the most is like in-laws are wanting to do something.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
You know what they call that? Triangling.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yes, yep. Don't triangle. Don't triangle.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
In what? What are you talking about?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
About what? The vacation? Oh, boundaries.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Oh, yes. Oh, yeah, yeah. When you're having the boundary conversation, yes. Family on family. Do family on family. Yes, family on family.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yeah, yeah, yeah. I think that's fair. I think it's cleaner. Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Paternal, maternal parent.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
100%.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yes, 100%.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
I know, that's hard. It's so hard. All right, next, aging parents or aging single relatives. So again, you're having to maybe take care of what is happening with the aging parents, but they could be reluctant. Right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yep. And at that point, you can't control them. So it's like, all right, we're going to have to deal with it. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yep.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
No, not at all. And at the end of the day, they have to make decisions. And I think if there's a willingness there to say, oh, yeah, let's try to do something differently, and you're able to help, stepping in and guiding that. But then after a while, it is like, oh, my gosh, they're just going to blow the money. Yeah. What do we do, right? So I think that's a hard thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
That's a hard conversation and responsibility that you feel as a kid, right? When you're watching your parents making harmful decisions for themselves. But yeah, it's tough. That's a tough one. All right, next category, coworkers. So coworkers hanging out outside of work or everyone's like, let's go get lunch out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
But some people are like, let's get all the appetizers, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
But, you know, a lot of people that we talk to that are doing the Ramsey plan, they're getting out of debt. They'll talk about this, that all their coworkers go out to lunch all the time. And they're like, I'm just not spending money going out to lunch every day.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Thanks.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
No, I do think after a while, though, if you build a relationship and know enough of like, oh, yeah, they're getting out of debt. There's a purpose why. Yeah. You know, usually. Or maybe you just don't like your coworkers. And you can share that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
But it is hard. I do know friends that have been in the same type of environment and one just keeps getting promoted, right? And then it is this like, oh my gosh, difference in salary too, even within the company.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
How about obligatory gifts? for coworkers or leaders at work.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yes, I do love a meal train. I try to do it. I'm not always great at following through, but I think it is one of the biggest blessings to do for someone.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
So thank you for that. You're so welcome, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
You know what I learned, I think, on this show? We did like a manners episode or something.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
And you're not supposed to technically get a gift for your leader.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Uh, I get them for the girls. I don't do this every year. Again, I have such good intention. We're leaving out the guys now? I have such good intention. But, um, there's been a few years I'll go and get, like, a bunch of, like, earrings or something. You know. Yeah, I don't get... A girl gift. I don't know if I ever got stuff for the guys. Just cash would be nice. Sorry, y'all. Sorry, y'all.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Do you get gifts for the team?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Gifts, I'm just, I'm terrible. It's not my love language. I'm really terrible at gifts.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
I thought that. Should we throw one together for this team?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
I genuinely thought that sounds so much more fun. And like bring a significant other and we'll like, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yes, that's right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Thanks, Kelly, for heading that up.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
We didn't head that up.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
But you showed up. It's funny. It's not like we're such givers. You both came.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
We had no thought to start it, but we came.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Oh my gosh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
I know. You know what else has some blurred lines? What's that? The internet.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
And our personal info that is all over the internet. It is amazing in our world today, how often we are filling out forms, we are buying stuff online. And a lot of these companies then will sell your data, your email address, your address, your phone number to data broker websites. And then they sell your data again. It just goes through and it's terrible. That's why we love and use Delete Me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
Yep, check it out. All right, next is roommates. So splitting up costs fairly. for everyone or does it depend on what you make? Like, what's the, what's the situation?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
And so we gave them permission to like go because the daughter really wanted to go to the concert. So we're like, let her go to the concert. And a lot of people were like, yeah, not happy with that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yes. And I think this is a classic example of opportunity cost. Because you do think... Because I think she could have sold all the tickets for like... 15 grand or something crazy. I mean, right? And so you take that amount of money, go have a great night for five, six hours, which was a wonderful night. You've done this twice, so you can vouch. It was really good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
So that, or if you had debt, how long would it take you? How many hours would it take to work to make 15 grand? Oh. And that's a lot of hours. That's a lot of nights, a lot of days. And so do you give the opportunity costs, right? So some people would say, absolutely. Why would you? Yeah, I don't want to work all that extra time to pay off this debt.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
I could get this gone, you know, in a second with the sale of these tickets. But then also you don't want to miss once in a lifetime event. What do you do, you know? So I think it's all about if you want to have fun in life or not, George. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
But getting out of debt, though, I do think, from a long-term perspective, helps build your life in a better way.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
You know what? Say what you want about them. They don't take themselves too seriously. I appreciate it. They don't get easily offended.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
100%.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Y'all, can I just say, when you have clean sheets, it's one of my favorite days. When you wash your sheets, you know, and your bed's remade, it is like the best feeling. And it's even better when it's Cozy Earth sheets.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
I mean, you literally feel like you're on vacation or something. Like you go in, you're like, oh my gosh, I cannot believe this is my bed. I love him. Obsessed. Love the pajamas. They're some of my favorite pajamas that I own. And everything from like, I have a shirt, I have joggers. I have like these like lounge pants. I have a robe. You've got the whole collection. I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
I bought a lot from them.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yes, ma'am. That is an epic blanket for sure. But it's great. So Cozy Earth products, they are amazing and worth every penny.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
All right, let's do some rapid fire, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yeah, I mean, I would say it could feel like it's working, but there is an element of your relationship that you're not fully on board together. You're just not. I mean, it's like we have two completely different parenting styles and choose to parent our kids differently. And it's like, you have to be on the same page. And so combining your accounts is a tactical way to show that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
But ultimately what it's doing, it's like the ultimate trust in each other of saying, no, we are all in together. This is our life together, not your life, my life. It's our life. And it's so much better that way. They're just so much more fun when you feel that versus like, you pay that bill, I pay this bill.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Just fine. All right, George, you ready for this?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Charging hundreds of dollars for Financial Peace University is hypocritical when you're telling people to save money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
What did it say, George?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Give us the read.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
For sure. And I would say when you pay for stuff, you're more likely to do it. I mean, that's real. I think that's real.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Wait, why don't I have sympathy for emergencies? I don't understand. Because I tell you to save for them?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Because I tell them to save for emergencies?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Well, yeah, take them to the hospital.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yeah, I mean, make sure everything's fine. And then, yeah, you'll get a medical bill. And if you have your $1,000 emergency fund in place, is what we say. And if you're getting out of debt, pause the debt snowball, save up the money, and you pay the medical bill.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Chuck Cruz. Charles.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
He did. He broke his leg, y'all.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Have we talked about this on the show, that I am not a good, like, medical mom? Like, I, like, see things. I'm like, y'all are fine. You're fine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
I didn't say suck it up, but I was like, he's fine. Winston had to convince me he's not fine. And sure enough, he was not. He broke his leg.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Just give it a minute.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
I know, I was like, he'll be fine. And then Staples in the back of the head for Amelia. And I didn't take her in either. And then once I got home, he's like, this is really deep. I was like, is it? Winston took her opinion on. I'm terrible. I just don't know when things are like an emergency.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
I know, I know. I want to say those were the only two. You know what I don't do? This is my skin thing. Rashes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
I always take pictures of rashes. We'll always call the doctor for rashes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Bones and blood, fevers, I'm like, no, we're fine. A rash? What's this thing?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
No, I'm all in there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
I'm a mom. I'm all in there. Stuff doesn't throw up. Do it all. It's great. I'm all in there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
But I do freak out over that stuff. Not freak out, but I am like, I don't like that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Oh, man. Why are you so terrible with emergencies? I would never. Why do you have no sympathy for emergencies?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
And the truth is, if you wanted to save up three months before you started getting out of debt, it would take you so long. There is something to be said about just getting to it. A quick win. Get to it. Snap, snap. Thank you. Well said. All right, next, George. Last one. Try living in any metropolitan area for just $100,000. Budgeting is impossible if the income isn't high enough. Can I say this?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yes. So you can't afford to live there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
And I don't think you may, you may not be able to afford it. Yeah. So you can't live there. Like, do you know what I mean? Like, that was like a hard reality. That's what we had to learn. It's like, when we moved, it was like, okay, yeah. What do you, like, when we moved to Nashville, it's like, what area can we afford?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Man, why am I getting all sassy, George?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Little Miss Defensive.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
We are finding that people are moving out of big cities and going to more like suburbans outside so that they can enjoy their life more. And I will say it, not to throw them under the bus, LA. We get a lot of calls on the Ramsey Show that are Southern California and people are moving out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Because they can't enjoy life because it is so expensive.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yes. So there is this point of like... We're going to choose to move somewhere different, maybe make the same amount because it's a remote job. But we have more money to use to go do stuff and have fun. That's true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yep, so I think some of the takeaways are it's easy to get defensive, as George and I displayed on today's episode. But also defensive just about the reality of life, the advice sometimes. But there's a part of being an adult, George, with money that you just kind of have rubber meets the road. We don't get to live in a Peter Pan land.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
a hard situation, right? Sometimes life just deals you a really hard deck and like that is true too. So yeah, I don't know. I think one of the biggest things early on is that mindset shift to, all right, I'm going to grow up, face reality about my money and figure it out.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
they're not there they don't have the energy yeah to comment there no no well said though george well said thank you um all right before we get to guilty as charged uh tell us about the old professor the professor uh i think i'm am i closer i'm over halfway uh no i still have half okay i might be beating you on this one what rating would you give the professor Six out of ten? Five out of ten?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yep.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Oh, okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
The professor, the doctor. Getting a doctorate is expensive.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
All the way around.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
$6.60.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Man, AI. Unbelievable.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Learn something new every day.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
George, no. That's funny, though. Funny take. I appreciate that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yes, yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
And we dog on kids' sports a lot. They are fun, though.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
I'm a yeller, but I'm an encourager.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
There's something. I will say.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
This may be too fresh because it's currently happening as we're recording this in my life. There are yellers at the refs, parents, which we don't need to yell at the refs. And then you got the parents critiquing. Yeah, you know, they're yelling. You know what I yell? Good job, girls.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
The golden cheetahs. The golden cheetahs. Yeah, yeah. They name themselves. Anyways, that's my... I'm a yeller, but it's always... It's always positive. Oh, yeah. I'm like, girl, great pass, great pass.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Oh, double team, ref. That's a double team. They're nine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
No, they hire, like... Well, I say legitimate. No, I think you do have to have like... There's some training.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
No, but they're not parents. Yeah. Like they legitimately like, yeah, they're calling plays.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
And y'all, it is so fun. I love it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
You will. You really do.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
And do the rec. I'll go on the John Deloney rant. Like, you don't have to go travel sports crazy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
But just, like, having some competition for the kids where they're part of a team. I mean, it is so... It's so sweet. And the girls. I'm partial, but they're so cute.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
It's not his accountant. That's so silly. That's not true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
They got their little skirts on, their little bows, and they're just dribbling down the court. It's adorable.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
What's one sport you hope Mia plays? If you had to pick one. I know you want her to skateboard.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Okay, well...
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yeah, that's a lot of pressure. You know?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
So offended. Okay, well, I did this for you, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
No soccer, no basketball.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
I love that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
All right, now it's time for Guilty as Charged. And this is where our producer Kelly gives us a new Guilty as Charged question every week. And if we're guilty, we take a sip. Kelly? All right. Have you ever responded to a hater? Mmm.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
I put in your YouTube channel. That's a little too specific. I know. Are you ready for this?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Oh, I love it. Love George Hader stories.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Did you love it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
George Camel's YouTube channel is like the financial version of a kale smoothie packed with nutrients but could use a little more flavor. No. Why is that so on brand? I know, and then you're ready for this one. The Millionaires in Cars Getting Coffee series is like watching a budget-friendly remake of Jerry Seinfeld's show, but fewer laughs and more Excel docs.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Oh, I can't wait.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Oh, I cannot wait.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Hey guys, I'm Rachel Cruz.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yeah, you get a house out of the deal. Best case scenario. Yeah. Can I comment?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
My favorite is like, unfollow, unfollow. And you go and you're like, oh, they haven't unfollowed. Like, they're still following me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Oh my gosh, that's so funny. I responded to somebody about Dave, my dad.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
I did. Because I usually take, I mean, I can take a lot. Like, I hear everything. And this one comment, it was about real estate. And they're like, he has no idea what he's talking about. And I was like...
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
That's not the one. Oh, shoot. He's owned, like, 500 properties over the course of his life. I mean, he, like, went into foreclosure on half of them and went bankrupt. But, like, Dave knows. Like, if Dave didn't do what he's doing now, he would just be doing real estate. Yeah. Like, I'm like, oh, gosh, no. Like, you could say that about a lot of things about him.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Like, oh, he doesn't know about golf. Like, he golfs. Yeah, he may not know everything about golf. But I'm like, oh, no, that's like the one thing like you can't say.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
And it was so early in the morning, too. Y'all, I remember. And I was like, and I wrote this whole thing and I just sent it. And then after I was like, that was so stupid. Why did I? Because it wasn't even on my page. It was some like thing that came up and then underneath. It was a blasting Dave Ramsey reel. And I responded to it. I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
It's so funny.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Probably. It's like two years ago. But I usually don't ever, yeah, I usually don't respond. And I don't look either very often.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Because I think Reddit is like the really bad place to go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
I don't go there, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
There was a girl that blasted me who has a big following. I didn't know where people were sending me her stuff because she like blasted me in a reel because I'm Dave's daughter.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Which I get. And I still want to be like, women supporting women. Like I wanted to give like a little like.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
So passive aggressive. But I didn't.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Honestly, sometimes I think you're too nice and too like, oh, but maybe they had a bad day.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Or maybe I'm going to take their house. That's what George is going to do. Leave people homeless.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
That'd be so funny.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Just got the deed.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
I don't know. Don't know how it happened.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Oh, so great. We'll make sure to DM us your Guiltiest Charge questions because we get ideas from you guys. So on social, on Instagram. Where are you? Where do you love to be? Instagram is my place. Me too, George. Are we still millennials?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yeah, I agree with you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yeah, yeah. So give us some ideas about guilty's charge. You're always helpful. And if you enjoyed this episode, then you definitely don't want to miss our episode on our most viral advice. So make sure to subscribe so you don't miss an all new episode of Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Did you do mine?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
You did not.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
I could have handled it. Oh, man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
You are very kale smoothie-esque. That was pretty fun.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Then you put kale in it. You don't know what's in there. Oh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Just like we don't feature you for obvious reasons.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
I'm kidding, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yes, we can take the heat, y'all. It hurts a little bit, but we can take it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
You're really not. I will always say this. Because you know what? I see things on the internet. A girl that I follow, an influencer. She has an ugly jacket. But guess what? I think about that for .2 seconds. Ugly jacket. Now what do I do? Just keep moving. Why would I feel the need to tell her her jacket?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
And this is Smart Money Happy Hour. This is the show where two friends who happen to be money experts talk about what you're talking about. Everything from pop culture, current events, and money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
I mean, seriously. You think about that. You're like, who does that? It's hurt people hurt people.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
It is. So go find healing. Go be a whole person. It drives you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
It's very sad. That's our roast to you roasters.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
All right. Okay, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
It feels right because here's the deal. Average car payment right now in America for a new car, it's like $732. Yikes. And that's just one piece of debt that they may have.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
That's always going to come back as my comeback. I'm like, okay, well, what are we paying out in payments versus paying ourselves?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Because debt is robbing you, literally. And for a lot of people, like, that's it. Now, $1,000 a month, yeah, that can feel like a lot, right? But again, when you look at the average stats of the average American and you cut out the debt and actually get out of debt, you're going to have that money freed up.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
And the 10% rate of return, I will come back for you all the time. Thank you. Okay, and again, the market is different every year.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
We had a mutual fund, you guys, 18% last year, 18%. Yeah. And we say 12% sometimes, and everyone's like, oh my God.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Just facts? Just like, what's happening?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
And again, some years it's not as great, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
It goes up and down. I guess we need to explain how an average works.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yep.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
All right, here's a comment I got. A reality check, only 1% of Americans will ever be able to build wealth, and it's because they've inherited it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
So this stat, if it was correct, that would be very depressing. If only 1% of America could win with money, that would be very depressing. But that's not true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
So according to the U.S. Census Bureau, 65.6% of Americans currently own a home, which is a big deal because your home is adding to your net worth. The Federal Reserve said that more than half of Americans have retirement accounts. And as of November of 2023, employment in America reached an all-time high of 161.9 million people working. All right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yeah, you all roasters out there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
And we know that nine out of 10 millionaires today, 90% in America are first generation wealthy. Like they became millionaires because of themselves, not because of inheritance. So it's actually the opposite of what this person's saying.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Our approach, I will always say, it does take levels of sacrifice depending on where you are. It's hard, right? I mean, life is expensive, right? I'll say that too, that caveat. And this process is over a long period of time. It is not something that like, oh my gosh, you're... 28 and suddenly when you're 32, everything's going to be great and dandy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
No, this is you're building wealth over the long term. So it does take a level of patience and it's not as exciting and flashy, but it's steady, which is what we want.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
I think so. Very relevant in today's world.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yes, because so much of our life is online right now, you guys. I mean, almost everything we do, we're online. We're filling out forms and we're just doing so much, whether we're buying or we're banking or whatever it is. And so making sure your personal info is off the internet. You do not want people to make money off of you and your information. That's what they're doing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yeah, we'll take the money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
They're literally buying, selling your data and it's like not great. So- Get your data off the internet with Delete.me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
You're such a loving son. You got to look out for them. Such a loving son.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Good for you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Keep on going. Keep on moving.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yep, and it's, yep. They basically can't determine it is what it is. So they can't pull it. They're like, oh, there's no information here for it. And you're going to live life and be totally okay. Yes, your credit score will be pulled for certain things in life. They might be maybe a job interview, sometimes for insurance, like those kind of things.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
I'll just say the aftertaste. Oh, great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
And all you have to say out loud is, oh, I don't have a credit score because I don't borrow money. And usually if you're talking to a human, it's great. And then you can actually still get a house without a credit score. That's one of our biggest pushbacks through manual underwriting. And so it is possible to get a mortgage because it's the one type of debt we won't yell at you for.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Are we feeling a little feisty?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
I feel like we need to take a breath, George, together.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yeah, we don't need to be as defensive. I think everything's fine. We have a great life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
What a sage you are.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
If only everyone had my knowledge in life, everything would just be better.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yeah, I mean, but okay, roasting, this is like, I feel like become more and more popular, especially like in the comedic world. I love watching the roast. The famous roast of Tom Brady.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Oh my gosh. Okay, I'm gonna have fun with this one. Get this, oh no, wait, this is about George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
This is a comment about George. Oh, this is funny. Here we go. Get this kid off drugs. Does he even know how much things actually cost today?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
George, get off your drugs.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
You do, George. You do.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
You know what I think? I think this person, I'm going to just like take a stab at this. Because you know on the internet, this is all internet, right? Yes. That we're living in here. And I think some people, because I know accounts out there that just complain. And the accounts are like, oh my gosh, in 1983, blah, blah, blah, blah, blah. And now today, blah, blah, blah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
How are we supposed to, blah, blah, blah. And that's all video.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
And all they do is just that. Like that's it. That's their whole account is just that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Not family friendly. Don't have the children around, but man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
How was anyone supposed to go to the movies? Tuition was $53 and now it's 59,000. Like how are we, you know, whatever, whatever. And that's all the accounts are. Facts are correct. Like it's fine. But again, all they're doing is just like stating the facts and then that's it. And I think some people love that world. They want to sit in the – In the problem.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Here's the problem, and now we're just going to complain and just, you know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Such a bad company. So, yeah, I think that comment about you, George, is somebody that would like an account that just complains.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
And when you give a solution, they don't like that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
They're so fun. Oh!
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Maybe so with my Dr. Pepper.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Oh, yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Okay, yeah, so that call, if I can remember correctly, was a mom that called in, and she had given her daughter Taylor Swift tickets. And this was during the heyday. So the mom gave the daughter tickets, and now the mom's calling. It was like, should the daughter sell the tickets? Because she could make like a crazy amount of money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The Internet Came for Us . . . Here’s Our Response
Yes. And pay off her debt with them. So our take was, that's up to your daughter. Like if your daughter called and said, I have these tickets, should I sell them? We could give you, you know, our opinion on that. But as the mom, you already gave the gift. Like there's nothing you can do about it. Like you can't tell her to sell them.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
No, but there is a level of peace in life that is so worth chasing and to have and to rest and be like... Life is good. Like, life is fine. Why do I feel like I have to just keep going and going? And having goals and striving for stuff, it's not bad, but it's out of the motivation where that's coming from is what is so important.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
It really does.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
And you know, my level of like, oh gosh, keep going, keep going. It's not because I want everyone else to think I'm great. It's not that. It's this feeling of like, oh, but if I go there or get that or do that, accomplish that, something in my life is going to be better because of it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Who knows? We have all of 2025. Can you believe 2025? I remember Y2K. Do you remember Y2K?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Rarely is.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yes, it's so true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yes, I know. So deep. We were building our house, and we were moving in. I was, like, nine months pregnant with Charles. We had a two-year-old and a four-year-old. And we were in the kitchen of our old house, and— And it was like a few nights before we moved into our new house. And I remember telling Winston, we're like feeding the kid in the high chair and there's food.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
I mean, everything is just like a mess. And I was like, I cannot wait to get to the new house.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Well, yeah. And he like looked at me. He's like, babe. Just like pick this up and set it in a new kitchen. Move this mess into a nicer kitchen. It's going to be the exact same scenario. Maybe with a, you know, a different countertop. Nicer countertops.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
But that's it. But like, but for real, you kind of have this belief of like, oh my gosh, if I just had that, something else is going to be fixed within me. And it is an empty promise. An empty promise. Not fulfilling.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
George, this isn't deep. This is life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
This is where we go. No, no, no. No, I mean like this is the level at which... This is a normal level of depth for you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Oh, yeah. Dave and Sharon may have had a few cases of water in the basement.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Oh, fuck off.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Good job, George. How does that feel?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Oh my gosh, that's what Winston and I do.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
You'll love it. It works for them. Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
It is a game changer. I'm not great at that. Yeah. Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Totally, totally. It'll feel great too. You'll, yeah. That's great, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Okay, another habit to drop. Justifying little treats.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, we didn't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Seven bucks there. And it adds up. I know. I was telling some of the girls today during a content meeting where I was like, man, I missed, because of my age, I think, the brunch era. Like, you know how brunch is really cool right now?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Like, it wasn't 10 years ago, like, when I didn't have kids.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, or maybe I just wasn't, I didn't know. Maybe I wasn't cool and people were doing that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Maybe that was it. I don't know. But now I see via Instagram.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
People like, girls going out to brunch with their friends. I don't know. And I'm like, man, I miss the brunch era. And I'm like, that's where I would, like, it's those things that I'm like, oh my gosh, I would justify that. Like, if I had the time and the bandwidth. All day. Like, give me a social situation in a restaurant. That would be my little treat. Or like when you're running errands.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
It's fine. Just bottomless mimosas. Yeah, yeah, yeah. Go for it. Just add it to the tab. It's just a little treat. It's been a big week. We're going to just enjoy this. That's a, yeah, it's real.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, I'm nice.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Okay, so mine's food. I'm not a Starbucks person.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Oh, you ready? Either just a medium Pike's Place black coffee or a chai tea latte.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
I just remember everyone being like, the computers can't take a 2000. They can't take it. It's going to crash. Yeah, the banks are going to shut down. Yeah, it's all going to crash.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Well, I don't know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, it's what they have on tap. So the only time I really eat it is an airport. So give me the bacon gouda sandwich, breakfast sandwich.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
And a Pike's Peak medium black coffee.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, no cream. Look at that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, I did that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
I do black coffee and Keurig, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah. That's a good one. So my little treat is not Starbucks. Mine would be grabbing lunch out. A little Shalotsky's Run-Thru, if you know what I mean. A little drive-thru action there. Number one without black olives. Wow. Cracked pepper chips.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Here we are, 25 years later. The world crumbled for different reasons. 25 years later, a quarter of a century later.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
People that like Schlotzkies appreciate this. Yeah, that would be mine. And or if I was like at Target, I'd like pick up a sweater or something. That'd be a little treat.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
So I don't know if that's considered little treats, but those are mine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, I get that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
I get that, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Go get the nice coffee.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, yeah, yeah. That's fair. That's fair.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Little treat, little treat. Okay, last one. Letting FOMO control your financial decisions. Woo!
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, this is a habit of like, oh my gosh, I just don't want to miss out. So I'm going to go into debt for this thing. I'm going to use my emergency funds to go here or there, like whatever it is. And it's affecting your financial foundation, we'll call it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, that's right. Yeah, it can happen very easily. And I would be guilty of this. This is where I'm like, let's just go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Totally.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
That's not the right word.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
I love it. Yep. Well, y'all, some good habits to leave behind in 2024. That's right. Because 2025 is going to be a new, beautiful year.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Delicious.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
I believed it. Like that was like 2024 me is what you can say. Like, oh my gosh, that was so 2024.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
That was so 2024. This is 2025. And we're doing something new. Okay, what's a habit you're going to break, George?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Oh, man. Well, we're going to talk about, you know, some habits, good and bad, to look at in 2025 when it comes to your money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Before we get to guilty as charged, what is in this drink?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
And why is it blue?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
That's a good hint.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Are my teeth blue?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Okay, good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
I'm going 10 out of 10.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
If I was out with friends and we were like, oh, let's get like a dessert drink, I'd be like, we should order the frostbite.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Do you know that they think that the ship at which Elsa and Anna's parents died in was actually the ship that the little mermaid was swimming around?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah. Yeah. And, you know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
I can find them anywhere, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Okay, why not a 10 out of 10?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Michael keeps giving us dairy drinks, I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Because I'm going to say this, it may be the tequila, but there's like that aftertaste that's great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
It's nice.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
All right, George. Now it's time for Guilty as Charged. And this is where our producer Kelly gives us a new Guilty as Charged question every week. And if we're guilty, we take a sip.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Father of the habit. Yeah. He birthed it, birthed the habit. Yeah, so we are going to talk about habits in this episode. It's going to be fun, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Well, this is the show where two friends who happen to be money experts talk about what you're talking about. So everything from pop culture, current events, and money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Oh, no, you bought the books before.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Oh, no, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
But you're about to start a home gym, so you got to use it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Do you have free weights?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, I think the worst one for me, it was a workout. This was like, I don't know, maybe two years ago. And I bought a workout app because of a girl I followed on Instagram swore by it. And I was like, oh, yeah, this would be good. I could do this like by myself, like, you know. And I went to buy it. And, of course, they give you a deal that they're like, if you buy it for a year, it's $149.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Or if you buy it for a month, it's $20. So you get a better deal if you buy the year-long subscription.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
And I was like, well, of course I'm going to use it for a year. Yeah. So I bought a $150 workout app. Yep. And? Didn't use it. Ooh. And then the worst part of it all.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Do you know what I did?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Oh, it was, my stomach, I literally got, my stomach dropped. I was like, oh no, no, no, no. No, that was 2022, Rachel. Like that's like, no, that's not good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
But you know what I did is I submitted it to the Apple store.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
And they refunded me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
It was within 15 minutes. Yeah. Because I got the email.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
I got the email and I was like, oh, no, no, no, no, no. And yeah, and it was great. It refunded me and it was fine. So I felt good about myself.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
And you know what else I did that was so great? This isn't guilty as charged. This is like amazing as charged because I did that. And then the other thing I did was I want to do my steps. I'm into steps right now. Oh, that's right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
That's my story, yeah. So I downloaded a Step app. Did you pay for it? Well, that was the thing. The Step app was like, oh, you get 30 days free. But, you know, whatever, whatever. So I bought it, but it wasn't going to charge me until after the, like, 30-day trial. Well, then I learned that Apple's been keeping my steps, which is another conspiracy theory.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
All right, I can't wait to hear about it. Okay, George, what's one habit you want to see leave in 2025?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
They know where I've been for like a long time. And I was like, oh my gosh. But they tracked my steps. So then I went through George and I canceled my trial of the other app so I didn't get charged. Wow. I felt very responsible.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
I know. I felt good. It felt good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
And it's free on the Apple app.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
It's great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
That was the hot thing. Where have Pelotons gone? I feel like they kind of...
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Okay, I thought about doing that for the winter to get my steps in.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Was it good?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Man, the workout industry makes a lot of money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Good intentions. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
It's great. So good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Okay, George. Well, if you guys have any fun guilty as charged questions, send them our way. We're on social. Just DM us. We look for them because they're always fun when they come from you all. And make sure to follow us on social. Subscribe to this. Share the episode with friends and family. And make sure to check out our episode on how to start becoming a millionaire in 2024.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Oh, that's a good one.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
So we're going to go back a year. But all the advice still applies because we talk about timeless money advice, don't we, George?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yep. And so we'll see you guys next Thursday on an all-new episode of Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
It is weird how time just evaporates when you scroll. It's not good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
See, I don't do that. I don't have that issue.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
I'm physically tired. You're turning into a pumpkin. Even if I wanted to try to stay up late, I really can't.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
No, my body. My body's like, good night, Rachel. Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, good night, moon. Good night, Rachel. Is Winston the night owl? No, neither of us are. He's out. Yeah, we both go to bed in an embarrassing early time sometimes, but we get great sleep, which is why we're so healthy. I'm just kidding.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, we do. Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
That's right. That's right. So healthy habits are great. Okay. You know the one I hope stops in 2025? What's that? This whole like kind of cool factor of like not really knowing what's in your bank account. It has become trendy to sort of- It's like a trendy to be like, oh my gosh, I don't really know, but we're just going to go for it. Or like whatever the excuse is.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
You guys, Happy New Year. We made it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
But some people, it's like ignorance is bliss. Their head is in the sands. They don't even want to know what is going on with their money. We got to stop that, y'all.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
And thanks for being here. You know, maybe it's a fresh start. Maybe people think, hey, we want to listen to a money podcast and start a new trail.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah. And again, money's not everything in life. Like we're okay to take some lighthearted approaches for sure, right? But when it starts to like become a pattern and that's really how you function, you're not just kind of like joking about it with your friends. Yeah, we, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
George, stop that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, but there are people that like work hard and it's like, yeah, it all goes. And then they just like kind of have fun with the fact of like, oh, well, look at so-and-so over there doing that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, if it's justifying it. But some people are wise with it. Come on, George, don't be grumpy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Don't be grumpy. So grumpy.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
We get it. Okay, other things to stop doing in 2025. Using your credit card as an emergency fund.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
I bet it does, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Here's my theory. I don't think people think, I don't think people always are like, oh yeah, the credit card companies are for me. I don't think they always think that. I think they believe I have no other option. And this is it. Like, this is my option. I don't have $10,000.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
I could just swipe the card. Yeah, they see it as kind of like the last line of defense where we want you to be the last line of defense and to actually say, hey, let's have some goals around this so that the credit card doesn't become the safety net. Because what ends up happening is you have a car issue. And then you got to fix it with a credit card.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Well, your car issue is fixed, but now you have a money issue versus getting the car fixed with money you've saved. And then you're done. No more issues. No more issues, right?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Well, 40% of Americans can't cover a $400 emergency in cash. So for a little less than half of America, a thousand bucks is pretty good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, you're swiping it probably a lot. So, getting that emergency.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
That's right. That's right. Yes. And that's a great place to be. Like when you get to baby step three and it's done, it's like, oh my gosh, I have no payments and I have a fully funded emergency fund. I'm good. Like that's where really the stress dies down.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Hey guys, I'm Rachel Cruz.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Did you get a lot of cash back?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
What a fun drink name. And it's really good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
You know, that's a really good point. It's almost like even though the quote-unquote I-pay-it-off-every-month credit card idea— We see you. We know you're out there. We know you're out there. If other parts of your money are not great either, like we don't really have a big savings account, we do have some other debt over here, you know, you're kind of just like, uh, you kind of got all these like—
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
What do they call it? Rods in the fire? Sticks in the fire? Irons? Irons in the fire. There's a lot of irons in the fire.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Oh my gosh!
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
You got a lot of irons in the fire that aren't great, right? Because you're kind of just managing your money, like barely getting by. It's like, oh my gosh, we got all this stuff. So to completely turn your whole perspective around money, do something drastic like cut up the credit cards.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Oh my gosh, that's so true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
And it's not even the fact that, like, you had to depend on the credit cards, because I think some people don't, but they're still paying car loans. They're still kind of, like, managing everything else just to keep their head above water. When you do something drastic with your money, it forces everything else to change.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
So it's kind of a good, like, shock the monkey. There's another phrase for you. There we go. I got that one right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Read the book about it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
The emergency fund is the lifeboat on the burning boat.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Oh, my gosh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Okay, the next one's for me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Stop buying things on sale just because they're on sale. This is one of my downfalls, you know? You see a great sale, so you throw in an extra sweater in the cart because it's 50% off.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, and mine's not because I get to save more money. It's because I get more stuff.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
It's not just like, oh, I'm playing this great game. She's having to pay full price. I get more for the same amount of money I was going to spend.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
I'm a quantity over quality. I know it's not like the minimalism cool thing, but that is Rachel. All day. All day.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Oh my goodness. Well, for those of you that don't know, George and I, we are in the personal finance space. when it comes to what we talk about in life. And one of the best parts of our job when it comes to this is just new beginnings. Fresh starts, clean slate, a do-over, whatever you want to call it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yep.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
And this is Smart Money Happy Hour. Cheers, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
That's true, though.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
See, I don't do notifications.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
I do, but I do try to subscribe.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
I'm sorry, hold on. You feel like I'm old school?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
By pigeon.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, email. But I do try to unsubscribe. I will go through and unsubscribe because it'll... Man.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
It's crazy the amount of emails you get.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Oh, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah. And you'll get so much. So, yeah. So, don't fall for it. And you taught me this, George, that sometimes these stores, it's the same price, but they like... Just say it's on sale or something? I feel like that should be illegal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Don't fall for the schemes. All right, another habit to leave behind, George, talking to myself, comparing yourself to others. Can I just add with a little asterisk on social media?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
I mean, man, social media. We always talk about it, but it's just true.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
I don't get on anything else.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Me too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
See, we have a group me Facebook. I get popcorn. We have a group me, the app for our neighborhood.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Well.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Oh yeah. Oh yeah. Oh yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Well, they have a guys group. And a girls group. That was the overall.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
There's a lot of different groups. There's like referral group. There's social group. There's book club group. Are you in any of the groups? Yes, I'm in all of them.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
No, I just like to go to everything I can.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Oh, yeah. I started a Bible study in my neighborhood. Got 12 ladies coming.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
It's every other week, and it's just per semester. It's like six times a semester we get together.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Are you ready for the title of it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Jesus and Wine.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
So we bring wine and we go through like a study or a book or whatever it is. That's wonderful. We went through, are you ready for this? We just finished last night was our last one for the semester. What's the book of the Bible that I just went through for the last semester that I'm blanking on, but you love it. Habakkuk?
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Ecclesiastes. I was going to say Ephesians. I was like, it wasn't Ephesians. We did Ecclesiastes. What did you think? We went through a book with it. Yeah, it was good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
It's called Living Life Backwards.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, you'll like it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, since we're talking about like comparing others. I like the level of like moodiness of Ecclesiastes that like kind of gets you down to like what's really like, listen, we're all going to die.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
But then it'll flip around and be like, but be merry. Enjoy your hard work. So I love that, too.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, and the new year, it presents itself in that way, right? Everyone's looking for the fresh start.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
That's exactly it. Dance, be merry. Don't worry about trying to be in control. Like, just enjoy life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, that's right. We'll wrap this all back into stop comparing yourself to others.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yeah, people are, yes, yeah, yeah, yeah. So just to... Don't compare.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
You're all about it. I need more of it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
That's right. That's right. Totally.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Just so beautiful. So beautiful.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Okay. I think a silly is like the dairy alternatives. Like just get the milk, you know? Wow. Hurtful. Just get the milk, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
What if you're lactose intolerant? Yeah, if you like have like an issue like with your body.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I do think, though, people have gotten too bougie with their milks.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
No, but, like, a nut is supposed to be a nut. Like, stop trying to, like... Wow.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Keep it in.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Okay, let's talk about like cauliflower. Like stop trying to use cauliflower on everything and making it all this stuff. Like it's just cauliflower.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
We're not doing that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Oh, shoot. I do name brand?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
It just feels safe to me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah, because I don't know these words.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Oh, and there was a lot.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I know, I just don't feel like it's as good. I don't know why. I don't know why. I just, it just makes me...
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Okay, what are the high level that you and I agree on?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I know, I just trust.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Okay, next time I'm in Walgreens, I'm going to do a price check.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Okay, I'm going to one up that too. Oh, kids protein shakes. Stupid, stupid, stupid. Are your kids getting ripped? What are they doing? There is a brand at Costco and my mom has them at her house. So my kids are like, we want it. Y'all, I am not lying. It is, they're $42 for a case of these, of these like green and white protein kid shakes where we buy, oh. Fair Life? Fair Life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Fraction of the price compared to these. And my kids just drink Fair Life.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I don't know. I don't read ingredients, George. It's just too expensive, and it's silly and stupid, and I swear it's because it says kids' protein that parents are like, oh my gosh, this is good for my kids. It's healthier for kids.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah, I agree with that. The little treats. Just go to Curex. So here's what I do.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Okay, my last one for this list, George. Children's birthday parties.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I mean, genuinely. To stop doing this. Now listen, I will give my asterisks here. If you have the money and this is like your creative outlets, because some people just love throwing parties. They just like, this is like their love language. If that's it, I get like, you know, I'm not, no, it's fine. I just think it is crazy what we spend on a two, three, four-year-old's birthday party.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
They don't know. care and it adds up oh my gosh the balloon arches i mean everything it's like a wedding reception now because now it's like we gotta get the food we're catering food in it's a whole situation yeah i mean the birthday cakes themselves are like wedding cakes i mean like it is wild have you ever done a balloon arch those should be abolished no i've not i've not i've not
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I'm going to say it. I'm going to say it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Judge me. Um, it's like, it's like, it's trying to take something that's childlike and like a little bit like, oh, it's just balloons and trying to make it fancy. I would rather you take something. I'd rather you take that money and apply it to good food that people can enjoy versus trying to like, it's just a little like, it does nothing. It does, it does nothing, nothing for me. Balloon arches.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I just hear, I just see expensive is going to be taken down in just a few seconds and And or took all day.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I just don't think they're that cute. I don't know. I'm going to say it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
But they do. Yeah, new cars.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Some people have unfollowed you. Yeah, yeah, yeah, yeah. She cannot be canceled. Don't even try it. Don't hate me. I'm going to just say it out loud.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Oh, shoot.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Well, because they lose so much value pretty much immediately. Like, once you drive it off the lot... 10% right there. Yeah, and then over the first year, it's like 20%. I mean, it's just... It is something that costs a lot. Right? And a new car these days, George, $50,000? I'm like... And what's wild— Totally normal for 50,000 new cars. Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Twice, maybe. And mine's on DVD.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah. But that wasn't even like... Filming your wedding in a cool way just came... It was very new. Oh, that's right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
It was 2009. So it was not... Yeah. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Like, it was a little cheesy. You know, it was not like artistic and cool like it is today.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Okay, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah, yeah, yeah. And I'm not ragging on our videographer. I mean, it was fine. But it just was not. It's not what it was today. That's fair. If you will. But I will say, if I ever, if I was like an adult getting married right now, and if you had the budget for it, I would spend every penny of the budget. I would throw the biggest, most fun wedding ever. Ever. And I don't think I would regret it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
If you had the money and you had the budget.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
And it was like, yep, here's what we're going to spend. I mean, I would.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I'm not one of these that would be like, oh my gosh, we should like just, I would not elope. I wouldn't be like, let's just go to the courthouse. Like, let's just have like four of our friends. You love a party. Yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Band. You know, I'm going cheap on this one. I wouldn't do like an open bar and maybe pay for drinks.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I'd have some good food and a great dress. There we go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
There we go. That's it. That's all I need.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Dance, yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Was it fun?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah, but I would...
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Okay, go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
So funny. It's so funny that cigarettes are like not the thing. It's the vaping.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
And cars that are not even that glamorous or crazy, that's how high they've gotten in price.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yes. It's the best. It's amazing. Okay, you always brag about how much time they've saved you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I'm at like 60 hours right now. I just got my report. Because this company, you guys, goes in and removes your information. from online data broker websites, all this stuff, because our information's out there, like home addresses, like the address that Winston and I lived in, our very first address in Knoxville after we got married, I found online somewhere.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
So I was like, I need to delete me because it removes all that information and it saves you so much time and money.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
It is worth your online safety, you guys. It's 2025. We need to do this. Get with it. Yes, protect it by using Delete Me because, again, you will not regret it. It is not a stupid purchase. Do it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
So again, you could buy a $40,000 brand new car. We're not even talking like luxury cars. No. Yeah. So all that to say, let someone else take the hit and just buy a two-year-old car. Or, you know, older. I think it's great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Are you going to go first?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Let me, like, prepare my sensitive soul to, like— These are not personal.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Okay, go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
This morning, George. It's a move that you're like, I never would have thought of that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Every circuit she does for us. I'm not kidding you. We may have repeated like one or two things. A movement is new all the time. It's called muscle confusion. And you do something new every night. Like, I'm not kidding you. She's amazing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Okay, so she had us laying on the ground with dumbbells. Okay. Or like free weights. And your elbow, so this arm is resting on the ground. And then you push up and come up in a crunch with one leg. Both legs are straight up together. And then you alternate for 12. And I'm like, who does that? I don't think I can even do that. I don't know. But it's that stuff.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
It's like, I never would have picked up on that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah, it's great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Okay, this is a fun game. I'll convince you of all the things you think are dumb. I'll convince you you're smart. What's the next one?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
It's a convenience and it's so cheap.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Kirkland Signature Water.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Oh, no, I go just Costco, because it's like $3 or $4 for an entire case of water.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
And to have it at my nightstand, like, it's just, it's an easy... In my car, I throw my purse... But don't you have, like, a purified water at the house?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
We do have like a filter thing under the sink when we turn on our sink water. Yeah. Is that not good enough? But here's the thing. I want to throw it in my purse. I want to have it in my car. Like I want to travel with such bottle. Okay. And it needs to be closed.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
No. Comcast. Comcast. And I have my DVR set for the shows that I like.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I do.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Real Housewives of Beverly Hills and Real Housewives of the OC. Okay. Dancing with the Stars.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
And that's it right now.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
And my question is, which I get, I mean, I know there's other, I know, I need to switch it. We need to cancel it. We've been talking about it for years.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I did this. I've done it once. And I might do it again. It may be like a twice a year thing for me. Because it was so expensive. It was so expensive.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
So the thing, I got it off Instagram. And I really thought I got scammed at first. Like, shoot. But it's these... it's these like head massage spas that are opening. And when you watch the video, it's like one of those videos that you watch on Instagram and you're like, you almost, it relaxes you because it's like this like sprayer and they have a scalp massager and they like do all this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
It's like one of those videos that like you relax and you kind of want to pee.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
It's going like this like waterfall.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah, but it's like that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
And then they take these tools and they sit there and massage your scalp. And then they'll massage your neck and it's like warm and like warm water. I mean, it is, it was wonderful.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah, it really was. And my girl was so nice. Like she was so great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah. Yeah, yeah, yeah. It's a little sketchy because it's in one of those like...
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
No, no, no, no. It's not one of those. It's not my reflexology place. This is different. But you know those buildings that have like the separate rooms that are like salons with separate rooms? Yes. It's one of those. So you walk in and there's like a nail person.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
And then this one has all curtains on it because they want to black it out to make it like a very relaxing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Okay, hold on. Let me, like, prepare my sensitive soul. Hey, guys, I'm Rachel.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Get you a 2017. You know what I mean? Like, they're still great. They're still great cars. Now, once you have a million-dollar net worth, then if you have the money, you can buy a new car. And we say that because you can take the hit financially. Right.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I don't know. What do they put in it?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Okay. All right, you know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I think you'd end up better.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Oh, my gosh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I'm going to go quick hits for you. Ready?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Doggy daycare.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
A pet ramp. Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Two haircuts a month.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
But you...
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Oh my gosh. Bougie gym memberships.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
You did. That's right. You did say that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
But going into debt for a new car and paying interest on something that is going so far down in value so quickly, it's not worth it. Go buy a two-year-old car. And I will say this till the day is long, George. If I am at a stoplight and a car pulls up next to me, name a car, George, go.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
The gym membership, just in case.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Toilet bowl lights.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I'm not going to lie. You gave that to me for Christmas.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Not yet. Not yet. But I will.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
All right, my last one. Cameras everywhere. How is it, George? You just pay a lot of money for all that stuff.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Because here's my thing. Someone breaks in, steals your stuff, but they have a mask on. What's the camera going to do?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
No, they drugged your dog.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
My dog was high medically.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I don't see that Kia Sorento. And I'm not like, ooh, that's a 2025. What a brand new Kia Sorento.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I love it. I love it. All right, before we get to guilty as charged, George, what did we sip on? It was a great mocktail.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I loved it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I might too. 10 out of 10 for me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
That's right. That's correct. Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
So good. I love it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
All right, George, it is time for Guilty as Charged. And this is where our producer Kelly gives us a new guilty as charged question every week. And if we're guilty, we take a sip.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
All day. Is that your secret life hack? Oh, yeah. Miscellaneous category. Or somehow justify it for the kids. Kids, everything. Oh, my gosh. I got this new sweater, but it's going to make me feel really great, which is going to be very nice. And it's going to make me be nicer to the kids.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Oh, my gosh. No. Or I wouldn't even know if it's a... 2022, a 2021, a 2020, 2019, 2018, 2017. No one knows but you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
That's nice. Yeah. Goodness, yes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
And we'll figure it out. I love it. All right, guilty. It happens, guilty. Obviously, we're not ashamed by it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
And are you living on less than you make? Yeah, there's a lot. Well, thank you guys so much for listening and watching. If you want to subscribe, share this episode with a friend, give us a little like, you know, all the things. Give us some love.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
That's right. So we'll see you guys next Thursday on an all new episode of Smart Money Happy Hour.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Those are cool.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Can I tell you one of my favorite older SUVs that I get that same feeling is the Land Cruiser. Do you remember the Land Cruiser that used to be like super high and boxy? I think those are some of the coolest SUVs. Now the brand new Lexus has that look now, George. Uh-oh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Well, it's just really fun when you see like an old Land Cruiser and I just think they're like the coolest SUV cars.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Which I think they're probably still expensive. And some of them do hold their value. We'll give them that.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Okay, let's talk about insurances. Yes. Because we get, you know, you're like, get this one and this one and this one and this one. There's only certain kinds of insurances that you actually need. And there are certain insurances in the same category that are more expensive than others. So you want to be smart in this area because that could actually save you a lot.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
And this is Smart Money Happy Hour. delicate clink today because this drink is very it's doing the most it's delicious well this is the show where two friends who happen to be money experts talk about what you're talking about so everything from pop culture current events and money what are we what are we sipping on
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Good for you, George. That's all I'm asking. Not all heroes wear capes.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
That's actually very true. Very true. All right, next. I'm going to say it. Warranties.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I know. And every time they get offered, it's like this, I don't know, my dad always used to say this, and maybe it's just ingrained. It's like one of those like childhood things you have in your head. It's called trauma. We bought a new washer and dryer. And like, do you want a warranty? And I'm literally like... well, is it a crappy product? And they're like, no, it's great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
And I was like, okay, then why do I need a warranty? Like, it is ingrained in me. Like, if you buy something new that is nice, a new electronic, like, it shouldn't break. And if it breaks, then why are you selling me that?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I will say I can hear people saying it, and I'm like, you know what? I could actually get on board. I don't have it, but I could see it, is the phone. Actually, more back in the day. Now they've built them like a freaking tank. I feel like our phones don't break anymore. Do you remember when the iPhones used to shatter all the time? Like you would break, I mean, they've now really done well.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah, it used to shatter all the time. So I did know people that were like, oh yeah, we get a warranty for that. And that one, I'm like, okay, I could see. But nowadays, they're so strong and durable.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Right, totally, totally. That's the truth.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
All right, next. Lottery tickets.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
These are tough.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Totally. Well, and it's sad because it's like a hope stealer. It's like one of these things that they dangle out a carrot knowing... No one's going to win.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
But they're going to take your money. They're looking for an option. And we're going to take your money. But we're still going to do this and market to you and make you somehow believe that you're going to be the winner. And people spend their hard-earned money on this stuff. And, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah, I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
No, thank you. Oh, my gosh.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
That's right, totally. Think about that. Yeah, 100%. So 28% of Americans in the lowest income bracket play the lotto once a week, and it adds up to $412 a year on lottery tickets. So it's tough. So listen, if you ever do something like gambling or the lottery or sports betting or crypto, like these things that are high risk, high risk, and they don't have a long-term payoff...
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Only do those things when you financially are in a good spot and you could literally put that money right in front of you, light it on fire, and it would be fine. That's the emotional state you need to be in with your money in order to do these things.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
All right, next is a whole life insurance, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Or my parents had it for me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yes, and I've had it since I was four, whatever it is.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
It's really good.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Cheap, cheap, cheap.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
All right, the other one, George, crypto.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I feel like this is your, like, this is your field day.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
You did.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Because here's my thing about crypto. From what I've seen and what I've, like, experienced, I think there will be a day in 10 years that it's like, okay, this could be a legitimate thing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah, I do think it could get there. I really do. But we don't know. That's my problem. The track record is so terrible. It's full of scams and fraud. Yeah, I mean, it's just not a great clean industry to build wealth right now.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yes. You know what I do like about it, though, is it's like freestanding from the government.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I know. I like that. I'm like, we don't need a federal bank to look over everything.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yes. So I'll just say this. As we were prepping for this episode, we were like, okay, let's list off a couple of things that, you know, we think are just dumb in general.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Oh, yeah, yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Oh, funny. We'll see. When that day comes, we'll talk about it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
You know what's not a stupid purchase, George?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Like, you could buy anything, and it wouldn't be stupid. No regrets. No. I'm telling you, Cozy Earth can go beach, can go mountains, can go anywhere you want. You can take it anywhere. Because it is the most incredible quality products out there, you guys. From their clothes to their bedding. I mean, the blankets, the sheets, everything about it is just, it is fantastic.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
That's nice, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
She does. She wants some joggers and pajamas from cozy earth. That's what I'm telling you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
She may not. Well, that's nice of her.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
It's not me.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Here's a list of things I want from Cozy Earth. Give me the Cozy Earth pajamas.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
You can't go wrong. It is fantastic stuff, you guys. Seriously, the quality of it, the softness of the material, the bamboo stuff. Get the bamboo stuff. Like, it's just...
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah, we could. It's going to hurt some feelings. I know, but we went kind of high level. So like we'll give them like our like, I don't know, high level view of some dumb things. And then it started to get a little personal, George.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
That's what I just said, the bamboo PJs. Oh my Jesus.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Get on this.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Oh, that's right. You don't have to be a mom to use the promo code.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
You know what? I'm going to put the Taylor Swift Arrows t-shirt aside and introduce some new cozy earth pajamas. I love it.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Fantastic. All right, George, I think we should one-up each other on this next list.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Okay, I'm going to say things that I don't, yeah, I'm like, eh. Concerts and live entertainment.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Except for Taylor Swift.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah, I'm not a big, like, concert music person.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Oh, shoot, now I'm backtracking. Broadway.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Because you're seeing like acting and singing.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
I don't know. Yeah, a live like theatrical is more interesting to me. That's fair. Yeah, and then do you know what else I bought? Oh, shoot, I'm backtracking now. I said I wouldn't spend money on live entertainment. And it was fantastic. So in Nashville, the Nashville Symphony at the Skirmishorn downtown, they will play Christmas movies there.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
And the symphony plays along with the music of the movie.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
So I bought tickets for our family. Yeah, and we did Home Alone. Oh, nice. I know.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
It was great.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah, yeah. So you're there like with popcorn. It's like you're watching the movie, but then when the music comes on, it is like a live symphony.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah, yeah, yeah.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
It's really cool. Really, really cool. Okay, so maybe I can get into some live entertainment. I thought it was dumb.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yeah, well, yeah. And then the list after this one is like, oh no, like you've done that or I've done that. I don't know. And then at the end, a total roast of each other because there's stuff that George spends money on that I think is...
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
It's expensive.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Unbearable.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Okay, what's yours that you think is silly?
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Okay.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yes, I'm with you.
Smart Money Happy Hour with Rachel Cruze and George Kamel
The DUMBEST Things People Actually Spend Money On!
Yes, you are. Totally.
The Ramsey Show
Be the Tortoise Not the Hare
Hey, y'all, it's Rachel Cruz. Just about everything costs more these days, and unfortunately, healthcare is no exception. So if you're looking at your healthcare options during open enrollment and finding that your costs are increasing while your number of choices are decreasing, be sure to check out Christian Healthcare Ministries. CHM is not health insurance.
The Ramsey Show
Be the Tortoise Not the Hare
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Be the Tortoise Not the Hare
Plus, you can join at any time, including open enrollment. You guys, CHM has been helping Ramsey fans for 15 years, And they're the only health cost sharing provider endorsed by Ramsey. So you can trust CHM to take care of you like we would. Programs start as low as $98 a month. So find out more and join today at chministries.org slash budget. That's chministries.org slash budget.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
Brandon, have you looked into, you know, other small businesses in your area and what they're paying for electricians? I just wonder, even if you switch out of the union, if you could find a better gig that pays more.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
Yeah. Yeah, because I was just curious if, you know, sometimes in the private sector, there's, you know, other opportunities. So I just didn't know if you had explored that. Because I think the goal, too, Brandon, is, you know, you guys make $60,000. And yes, there's a level of intensity during Baby Steps 1 through 3 to kind of get you out of this hole.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
So there will be, you know, extra work here or there, all that. But I think the goal is eventually... to be able to live off of your income comfortably and enjoy it, be able to put some money aside for retirement, do some of these things to enjoy your life. And so if that is not coming to fruition, then that's where a bigger conversation is. And you guys are renting right now, right?
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
So even homeownership, um to be in the picture eventually which i know can probably feels very overwhelming right now to think about but um but to be able to get there but hey um brandon i want you to hold on the line because christian's gonna pick up and i want to gift you guys financial peace university you and your wife this is our nine lesson course and go through this and
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
And again, it runs the gamut, everything from the budget to getting out of debt, all of it. And then, you know what? And hold on the line, too. And Christian, we'll throw in some of Ken Coleman's stuff. He has a great career assessment that would just be interesting, Brandon. And again. Being an electrician making 60 grand, that's fabulous work and wonderful.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
But I think people do get to a reality of, okay, how do I sustain my life? And if you can ever make more, that's going to help it without completely shifting your lifestyle. So just out of curiosity, maybe dig into some of that too and see if that kind of triggers anything for you. So thanks for the call, Brandon. You guys got this. Just stay on track. This is The Ramsey Show.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
There's a time in your life and in the baby steps for renting, but you don't want to do it forever because when you rent, you're still paying for a mortgage, just somebody else's. Plus, rent means instability in your budget because it always goes up, never down. So when you're ready to buy, make sure you work with a mortgage partner you can rely on. Churchill Mortgage.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
Churchill is Ramsey Trusted to help you make the move from renting to home ownership wisely. Churchill understands that when you buy a home the Ramsey way, your mortgage payment will be a consistent, manageable part of your monthly budget. Plus, when your home is paid off, that was your largest expense.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
Now it's extra money in your pocket and an asset towards turning you into a baby steps millionaire. So get started on the American dream of home ownership today at churchillmortgage.com. That's churchillmortgage.com.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
Welcome back to The Ramsey Show. I am Rachel Cruz hosting today with Jade Warshaw, and we are taking your calls at 888-825-5225. Up next is Emily in Pensacola. Hey, Emily, welcome to the show.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
Like 6.8. Okay. So you guys just recently bought in the last year or two. We bought it at the beginning.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
Yeah. And Emily, when you look at the calculations of how a credit score is even mathematically determined, one of the pieces of the pie is new debt. And you guys aren't doing that. So in one sense, you got everything frozen, but you're not taking on new debt. So you're not playing the game naturally anyway.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
So there is a chance even because of that, mathematically speaking, you may even see a downtick slowly because you're not playing that game. And so if you're not playing it, I would just cut ties with it. And like what Jade said, even it back out or, you know, if all else fails, like you're going to be fine. You know what I mean? So in my head, it is.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
It's just that I don't want accounts out there floating around, even if they're frozen. No way. So just being able to get rid of them, getting guests, like Jade said, when everything is back then and stabilized. And sadly, the truth is, who knows what's going to happen in the future?
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
All right, next, let's go to Kyle in Charlotte. Hey, Kyle, welcome to the show.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
We're doing well. How can we help?
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
Well, I don't know if it's, yeah, I don't know if it's much access. I just wonder Jason, because in your head, yeah, there's money there, but it's kind of attributed to whatever may be needed.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
That's a big deal. That's a big deal. Kyle, has that changed in the last two months since you've been watching us or has it always been like that?
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
And I think for her, there could be a level of safety of saying, Hey, we're going to open up a, you know, a new account in this money market account and we're labeling it the emergency fund and we're going to have six months in there. And that's it. And like that, that's what it's titled. That's what it's labeled. And that's what it is. And nothing else.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
Yeah. And Kyle and I would have the conversation with her from a vulnerable, you know, not just what are you, you, you pointing. Tell her you like what's going on in Kyle. What is the fear that you have? What is going on? And and and start these conversations. And you've said this before, Jade, on different shows. But like it takes it sometimes takes time.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
You've had a mindset, a natural shift. And then Ramsey's probably confirmed that because we lean probably more on your side, Kyle. But you guys together need to sit down and have these conversations. But for now, keep the finances separate. You don't need to be paying on her debt because if she's not getting out of debt, she's digging herself deeper in a hole.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
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Your Overspending Will Eventually Catch Up With You
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Your Overspending Will Eventually Catch Up With You
The Ramsey Show question of the day is brought to you by WhyRefi. WhyRefi refinances defaulted private student loans and builds a custom loan based on your ability to pay. Now, you guys, private student loans are different than federal student loans like Sallie Mae. So to learn more about this custom refinancing option and a lump sum,
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
Because when you start to say, cause I could even feel that like, yeah, there's money here or there and there's some stocks. And it's like, okay, but how, how can I get to it if we really need it? I think it's more of a security thing for her. And I think, and I think that level of organization too is, is really healthy and good.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
payoff option that you can qualify for after 24 months go to yrefi.com ramsey that's why the letter y refi.com ramsey may not be available in all states okay today's question comes from matthew in oregon he says my wife and i are debt free except our expensive town home we bought it in 2022 with a 30-year term mortgage
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
Yeah, well, if you're in baby step four, you're funding 15% of your income in retirement. So automatically, that's taking it. You have 45% of your income to live off of. That's before food and utilities and everything. Yeah. So it starts to dwindle, not always in the right spots, right? And if you give 10%, forget about it. That's right. You're out. Yeah, that's right.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
Now you're down to 35% for basic living. So it's almost that feeling of like we worked too hard to feel this broke. You know what I mean? Like we shouldn't feel like this. And it is because 40% of your income is going to housing. And so- Yeah, I mean, I would be looking elsewhere because you say an expensive townhome, which I'm assuming is a really nice one, probably in a nice area. Yeah.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
And so what you could do, Jason, seriously, and this is what we tell people, for your emergency fund, it's its own account. It's over here. You don't touch it unless you need it. But it's designated specifically for that. And would that help her, do you think, if you just say, yeah, we're going to take some of this $100,000, have another account. We're not touching it, but it's here if we need it.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
And so I would be looking for other options. You know, you may be getting an older home. It may not be near the city because that's usually where prices go up.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
The closer you are to the city. So you may be moving out and all of it, which I know with four kids, I know it's so easier said than done. Just like, oh yeah, get up and move. I know that that's like, could be changing schools, all of this. But the quality of your life,
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
And going to bed at night and having peace and not stressing and not being, you know, to this point of like on a like you just feel like, oh, my gosh, I just go to I go to a job and I have no progress in my life. Like that is daunting.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
Yes. Yeah. Don't be on a wish and a prayer of it may be happening. And then you're stuck in the cycle for the next four to five years because that's going to be exhausting.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
All right, let's go to Will in Miami. Hi, Will. Welcome to the show.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
No, because you have $100,000. You have the money in that money market account. That $100,000 could be it.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
Thank you. Thank you. Thank you.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
Yeah, but then did you go back and replenish that? Because in her head, she's like, oh, my gosh, we've used that. Is it here? I don't know. I can see what she's saying because that's how I am. Like we have a high-yield savings account, Jason, my husband and I. And so we'll put extra savings every month in this fund every
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
um but underneath it like when i go into ally.com we have one line that says like savings we have one line that says emergency fund with that amount of money and i need those separate like i need to know there's this there's this here and we don't touch that but everything else is just extra savings on top of what we need you know if something happens at a rental if we need if we're going on a trip or something like what here's money we spent here's money we just don't touch
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
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The Ramsey Show
Your Overspending Will Eventually Catch Up With You
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The Ramsey Show
Your Overspending Will Eventually Catch Up With You
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The Ramsey Show
Your Overspending Will Eventually Catch Up With You
and it's here just in case crap hits the fan and that feels good to me with the distinction like even jason this may sound crazy even to the point that i'm like if we're talking about money i'm like well babe how much is in the is in high yield he'll give me the number and i'm always like does that count the emergency fund does that count the emergency fund are you adding those together he's like no i'd never add them together for your sanity and i'm like thank you
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
I was like, I don't know if I'm not a marriage therapist.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
Yes. I would say I always pump the brakes with people that feel like they have all the answers. Like when it's this idea that like I... I don't have any more learning to do. Oh, like I'm kind of just stuck in my, this is it. I'm good. And you're like, you don't want to grow or stretch or like hear something different. Like to me in life right now, that feels so prideful.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
No, you have the money. You have the money. So I would take part of that $100,000 that you have in cash or somewhere else. I don't care where you get it. And get a six-month emergency fund and a new account and labeled emergency fund. And I think that will ease her tension. I really do. I think that would be... That's what I would do. That's what I would want personally.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
So with money and we get this call a lot with people that, as we're talking about non-negotiable, so I guess there's a little bit of the other side of this, but this idea that, you know, we, we talk and they're like, well, you know, he just tells me like, he didn't want to talk about it. He's not going to talk about it. Or she doesn't, she won't even, she won't even enter the discussion.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
I'm like, yeah, That's exhausting. Like that's exhausting. So you can have your non-negotiables, but be humble about it. It's the spirit that you bring to it.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
I would be like, okay, so talk me through that. Let's run some numbers. Let's look. Let's have a conversation, right?
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
This is what you should be doing. Preachy mentality. Yeah. Being willing to listen. Very much so. And ask questions. And ask questions. Be curious. Like that whole spirit as a person, I think is really important. But when you're so closed off and you don't even want a conversation.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
That's exhausting. Like, you know, that would be a red flag for me. They won't even talk about it. They avoid it, you know, all this stuff. And you're just like, oh, man.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
Yeah. And I would say debt would be one of those. I mean, it would be really tough to marry somebody and they're like, hey, I want to go. you know, $500,000 in debt to do real estate. And I'll be like, oh no, I can't do that. I can't do that. I can't do that. It's like that would stress, that would be, cause then you live as the spouse in the stressful state 24 seven, you know, in investment.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
I'm saying not just primary home, but it's like, cause I see these people on Instagram, TikTok. And they're all about real estate investing. Leverage to their eyeballs. Yes. And I just watched that. I'm like, oh my gosh, that would be so hard. That would be a tough marriage for me.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
Ana, how much do you make in your job now?
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
And then with the $20,000 will come, so that'll be about $80,000? Mm-hmm.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
Okay. That's great. Okay. I mean, I would put on it's going to make you nervous, but I would put that towards your debt and that will take a huge chunk out of this debt. And you're going to make great money. I mean, you're going to make 80 grand. So you have thirty five thousand dollars left.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
Yeah, that becomes more of a priority at that point than paying off debt, right? We're all about paying off debt, but your child is a priority there, right? If there's a health issue that you have to pause to make sure that you can get yourself in a healthy place, that is, you know, yeah, pregnancy, like anything that is
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Your Overspending Will Eventually Catch Up With You
um takes precedent right which is usually a relational situation or a health situation we for sure say pause um and get that in order i'm so sorry samantha um i'm always so impressed with women like you that that choose to to step out of a situation like that because that cycle can be so um so hard to break out of uh how long has this been going on just the from the custody standpoint fighting it with lawyers
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Your Overspending Will Eventually Catch Up With You
Do you have any savings right now that you're pulling from, or are you just pretty much incurring the debt as the attorney fees come up?
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Your Overspending Will Eventually Catch Up With You
Right. Okay. So are you still in the middle of this then? I am. Yeah. Okay. And has your lawyer given you any timeframe by any chance? Like, do you know, I mean, you're saying three to six months, you know, like, does he have any conclusion of like when this will end?
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Your Overspending Will Eventually Catch Up With You
Yeah, so Samantha, so I, yeah, if I were you, if I was in your position right now, I would stay current on everything. I would not get behind. So I would say I would be paying your minimal payments on everything. And then on the side, finding that margin is, month to month to be able to put some money aside.
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Your Overspending Will Eventually Catch Up With You
So as these fees come up, you do have an account that you're going to be able to pull from. And then I would also start to evaluate as much as you can the consistency of how often the bills are coming, how often you guys are using the lawyer, if there is mediation and all of it. Because I think a goal would be small goals would say, okay, there's some money set aside for attorney fees.
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Your Overspending Will Eventually Catch Up With You
And the truth is, I may have to go into debt for that. But if I can at least maybe knock out that $2,000 car loan in the midst of this, right, because it's not something that's going to be solved. It sounds like even maybe even the next 12 months. So I don't want you sitting idle financially during that time. But I do want you to put some cushion between you and life.
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Your Overspending Will Eventually Catch Up With You
So putting some money away kind of for an emergency fund that you can pull some of that for attorney's fees as they come up. But then also giving yourself a goal financially to start making some progress. Because honestly, too, Samantha, I think making progress in this area of your life.
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Your Overspending Will Eventually Catch Up With You
It actually might give you that boost of confidence and there's something proactive that you're doing in your life that actually can start the wheels engaging in a positive way through the circumstance.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
You know, Ally's a great one. We used to say back when cash was like the prevalent thing of the emergency fund and it would be like, you know, don't put it in the sock drawer where the pizza guy can get it. That's right. Like kind of that joke that like it can't be so accessible that you just go and you can just get it, you know.
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Your Overspending Will Eventually Catch Up With You
Yeah. I mean, Kim, I don't think you really have to re-up this or roll it over. I mean, I wouldn't. The reason really you have life insurance is if someone is dependent upon your income. So that would be a spouse or children. And as a single person, I mean, I would have some money set aside that if something were to happen to you, like covers funeral costs and that kind of thing.
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Your Overspending Will Eventually Catch Up With You
But I don't think you need a life insurance policy for that. So I probably would just end up canceling it once you get out.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
And term life is so inexpensive. It sounded like some of those rates, you know, it's just not expensive at all. And so, yeah, if someone's dependent on your income, make sure you get life insurance. You can go to Zanderinsurance.com and check it out there because that's a great place to get your term life.
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Your Overspending Will Eventually Catch Up With You
Welcome back to The Ramsey Show. Let's go to Ann in Pittsburgh. Hi, Ann. Welcome to the show. Hi. How are you today? Hi, we are doing well. How can we help?
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Your Overspending Will Eventually Catch Up With You
Yes, yep. I think for her to know she can get access to it if you guys need it for an emergency, number one. And number two, for her, just peace of mind that there's extra money over here. It's for this. It's not going to get tied up in some stock deal that you're doing, Jason, here. There's a level of like, that's for the emergency fund and we don't touch it.
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Your Overspending Will Eventually Catch Up With You
And where's the, where's the revenue of your business going in? What account is that going into?
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Your Overspending Will Eventually Catch Up With You
But everything else. And so is he using these credit cards to keep you guys afloat just month to month? Yes. Yep. And when you said he's not mentally well, do you mind going into a little bit more detail on that?
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Your Overspending Will Eventually Catch Up With You
I think he doesn't know what to do.
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Your Overspending Will Eventually Catch Up With You
Yep. So I think, you know, Ann, it just sounds like my first protection is for you. And the fact that you don't have any access to anything, Ann, I mean, there could be there could be a whole other life he's living, right? I mean, on different levels, on different scales, financially not.
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Your Overspending Will Eventually Catch Up With You
I'm like, you have no clue what's really going on because the money is kind of the paper trail to a degree on life and being able to see that and you have no access to that, which is a hard line I draw. You have to be able to have access and be able everything visual that you see. I mean, it's one thing if you're like, oh my gosh, she's a spender, I'm a saver, I don't know what to do.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
It's a whole other thing. And you cross another line into another level of seriousness when you don't have the ability to access your money. So this is a, it's a more serious weight there that I hold now in this conversation that creates more ultimatums. And I hear you say, like, I can't leave, all of that.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
But what I would do is that there's other ultimatums in this marriage that has to change because you don't, you're not safe at that point, right?
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Your Overspending Will Eventually Catch Up With You
And what are they suggesting? What are they saying since they know the situation even more?
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
So you're just seeing a deterioration. So, Ann, I would bring in a third party in that. And again, and it's so hard to say this on this side of the desk because now, Ann, we have to go, but you're going to be living this life. Not only is it a secret, but you're also behind. You're trying to live on $34,000 a year as well. So there's two ends of this that are really urgent. So I'm so sorry.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
So you don't want to invest it. And you made a good point earlier that, and I don't think this was her from what he was saying, but you also don't want to have a bunch of money so that you can be lazy with your budgeting and you spend more than you make. But it's okay because we got 10 grand over here. We'll just get it. Don't let it be a cushion for your everyday expenses.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
I hope this was helpful to give him some ultimatums, but I so appreciate the call. This is The Ramsey Show.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
It's a cushion between you and life when the big stuff happens. That's your emergency fund, not to cover lifestyle.
The Ramsey Show
Your Overspending Will Eventually Catch Up With You
Welcome back to The Ramsey Show. We are taking your calls at 888-825-5225. I'm Rachel Cruz hosting with Jade Warshaw. And we're going to go to Brandon in Columbus, Ohio. Hey, Brandon, welcome to the show.
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Your Overspending Will Eventually Catch Up With You
We're doing great. How can we help?
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Your Overspending Will Eventually Catch Up With You
How much do you guys owe on yours?
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Your Overspending Will Eventually Catch Up With You
How much are your car payments on those, both of those?
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Your Overspending Will Eventually Catch Up With You
That's okay. Brandon, how old are your kids?
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Your Overspending Will Eventually Catch Up With You
Yeah, because the thing is with the budget, Brandon, is it needs to be realistic. So you keep saying, you know, which I get. Jade has kids. I have little kids. So stuff does come up, you know, when you're a family and there's multiple...
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Your Overspending Will Eventually Catch Up With You
people are keeping afloat so either you need to redo the budget and say okay realistically we need a kids line item because stuff is going to come up every month that we have to pay school fees like whatever it may be sports yep that we're going to put in and then there also may be Brandon a you know, a time that you and your wife sit down and you say, okay, we're going to limit this budget.
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Your Overspending Will Eventually Catch Up With You
And just because we feel like, you know, the kids need X, Y, and Z, we may tell them no right now because your goal is going to be to get out of debt. And so that budget is really, really key and tightening up that budget is going to, is going to be huge.
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Your Overspending Will Eventually Catch Up With You
So that's going to automatically probably give you some of that breathing room of that $1,200 that we don't, you know, it kind of just disappears. Right.
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Your Overspending Will Eventually Catch Up With You
Yeah, and you have a lot of car. Yeah. Is that what you're going next?
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Your Overspending Will Eventually Catch Up With You
Sell it. Yeah, because... And we always say not to have anything with wheels and motors that is more than half of your annual income. And you guys are right over that. I mean, you're making 60. Yeah. And I mean, you guys are you're close to that. You're at 30. I mean, like that. So you're it's too much. You have too much car. And I think you're feeling that, Brandon. You're feeling that.
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Your Overspending Will Eventually Catch Up With You
And so looking to say, OK, what are our options? What can we do that is different? And it's probably going to be selling that van. Yeah.
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Go Slow: Never Invest in What You Don’t Understand
Yeah. And then I would also say, Julia, and something I feel like we've learned from you guys is as you guys go down this path, I know you're on baby steps. You just guys just got to baby step seven.
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Go Slow: Never Invest in What You Don’t Understand
But as you continue to build wealth and I'm talking like in the next decade or two, also with your giving, we've put ourselves in a position where we're not the largest giver, meaning that they are so dependent upon us.
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Go Slow: Never Invest in What You Don’t Understand
To fund the ministry or what they're doing because that puts you kind of in these like handcuffed positions where you feel bad That if something changes and you're like, oh, yeah, we're gonna give over here Then you feel like I we feel like we can't because we're disrupting such a huge part of their operating budget If it weren't for us, they wouldn't be here.
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Go Slow: Never Invest in What You Don’t Understand
So even from a percentage level, I would not want to be the largest Donation that they get and that they're dependent upon you to
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Go Slow: Never Invest in What You Don’t Understand
continue their ministry like that just puts a it puts a weird dynamic and pressure element to that too so that's something to think about that we had some friends that they ran into that and it was it just gets messy if you want to stop it then you're like oh my gosh am i closing down a ministry because i'm choosing not to give here anymore so it's just another filter to think through if you'll do what you're doing right now and be intentional about the subject of generosity like you're intentional about the subject of getting out of debt or you're intentional about the subject of investing
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Go Slow: Never Invest in What You Don’t Understand
And that's why I like the setup of having kind of those three buckets, the tithe, the
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Go Slow: Never Invest in What You Don’t Understand
the organizational that you know and then just a little bit of that mind that we're talking about that you just have throughout the month that you're like i just am going to be aware of people around me and when i feel this prompting like i get to bless them in that moment it's kind of those three buckets that i that one ends up being dollar for dollar by far my favorite oh it is like but it's impossible to do that at scale as an individual it's very hard to be like your full-time job
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Go Slow: Never Invest in What You Don’t Understand
Yes, I have, George. Sketchy and never trust them.
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Go Slow: Never Invest in What You Don’t Understand
Yeah, they do. Delete.me actually goes in and removes your information from data broker websites. And it is an incredible service that everyone needs.
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Go Slow: Never Invest in What You Don’t Understand
That's right. And then once they remove your information, then they're going to send you a detailed report telling you where they found your information, when they removed it, how many hours they've saved you. I mean, it is incredible. So detailed and it's beautiful.
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Go Slow: Never Invest in What You Don’t Understand
Absolutely amazing. And Winston and I now get fewer texts, weird emails, spam calls, all of it.
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Go Slow: Never Invest in What You Don’t Understand
It's amazing. So again, that's joindeleteme.com slash Ramsey. Make sure to check it out, you guys.
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Go Slow: Never Invest in What You Don’t Understand
Or take it off speaker if it's on speaker. That helps. It's not on speaker. Is that better?
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Go Slow: Never Invest in What You Don’t Understand
Yeah. How much do you guys make a year, Belle? Do what? How much do you guys make a year?
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Go Slow: Never Invest in What You Don’t Understand
Yeah, and just from a high level, Bell, what we teach is 15% of your income going into retirement. So I know exactly the chart that you took. It was probably the Blake and Jack that shows you compound interest if you invest at 19 all the way to 65 versus someone that starts at 32 and invests to 65.
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Go Slow: Never Invest in What You Don’t Understand
And so what what that is showing is compound interest which you're going to get when you invest in things like mutual funds but you're going to do that within first and foremost retirement type funds so a Roth IRA or a 401k or you guys work for the government so maybe like a 403b situation.
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Go Slow: Never Invest in What You Don’t Understand
um but 15 of your income should be going into retirement specific funds um within those types of funds of course there will be mutual funds and all of that of how you're actually investing but a smart investor pro can walk through and be very specific with your situation too which is helpful um but just know retirement is the one place you're going to be looking so yeah so roth iras 403bs all of that it's going to be really your first your first step into the process but congrats bell it's awesome
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Go Slow: Never Invest in What You Don’t Understand
But the $3,000 scared you that you were like, we can't even cover $3,000. Can we own a home? No, it's not necessarily. No, I was going to say, because the expenses of other things could be so much more. I could see how that's intimidating, where you think, oh my gosh, if $3,000 is throwing us off, what if something happened to the roof or the HVAC or something that's
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Go Slow: Never Invest in What You Don’t Understand
That's seven times more than just this.
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Go Slow: Never Invest in What You Don’t Understand
Yeah, I know. But I'm just thinking of her thought process, like how that can like make you stop and actually question like, oh my gosh, are we okay?
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
You can do catch-up contributions, too.
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
All right, today's question comes from Greg in New York. He said, how is it considered ethical for people to own so many houses? I'm just wondering how, as a Christian, this isn't seen as greed. Don't you know that buying up all these homes is what's causing the housing shortage?
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Go Slow: Never Invest in What You Don’t Understand
Now, can we stay on that for just a second?
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Go Slow: Never Invest in What You Don’t Understand
Because that is a thing going around, that these massive hedge funds or Blackstone, like all these, they're coming in and buying up.
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Go Slow: Never Invest in What You Don’t Understand
Because an individual investor, for the average person out there who has maybe two or three rental homes, they're on baby steps and they're doing it.
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Go Slow: Never Invest in What You Don’t Understand
That's true. And is that affecting the housing market at all?
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Go Slow: Never Invest in What You Don’t Understand
And and that's why he thinks I'm greedy. Well, this mindset. So this is an extreme right of, you know, 20 houses thing. But this is the same logic of, well, is it greedy to have more in your retirement than maybe you may not need? Right.
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Go Slow: Never Invest in What You Don’t Understand
I love the rabbit holes, Dave. No, that's good. I think that's it, though. Greed is not an amount. It's a spirit.
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Go Slow: Never Invest in What You Don’t Understand
We don't know yet. They've not come back.
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Go Slow: Never Invest in What You Don’t Understand
Yes, I did. Absolutely. Yeah, and when you said, Bobby, I had to have a harsh conversation with her about it. And so, yeah, I think the real question is, number one, kind of what Dave was just proposing of, okay, so looking back, Now, at the whole journey and what you guys have walked through the last few years with money, you know, how how has she been through that?
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Go Slow: Never Invest in What You Don’t Understand
And obviously not very on board or she has some some major issues. And honestly, the whole spending addiction world has really exploded in the like even more recent because of how. easily it is to have access. So whether it's to credit cards or, you know, shopping online, all of it, just like gambling addiction has gone up with sports betting and all of it.
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Go Slow: Never Invest in What You Don’t Understand
So there's such this environment, Bobby, that she's having to honestly fight a bigger battle now today in 2025 than even in previous generations. So my question would be to her is, What's going on with her? What is it that's causing this to happen? Because we see it all the time, that there is levels of really deep pain, and the medicator is the spending.
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
And so I'm curious, and with her backstory of her mom and not trusting fully the adult in her life, and the adult in her life used her completely and stole her identity to mismanage money on top of that, right? There's a lot there.
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Go Slow: Never Invest in What You Don’t Understand
Yes. But you guys are in college, so you're thinking about getting married after or something?
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
Okay. Yeah, and I was just wondering why you guys are waiting, but you're in school, so you're going to wait until you're toward the end of school. Yes, that's right.
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Go Slow: Never Invest in What You Don’t Understand
Are you guys paying Riley? Are you guys paying for the wedding?
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Go Slow: Never Invest in What You Don’t Understand
This is probably not going to happen. It's what you're saying.
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Go Slow: Never Invest in What You Don’t Understand
Well, they have to get married before graduation is what she's saying.
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Go Slow: Never Invest in What You Don’t Understand
Okay, so Riley, here's a question. I don't know. I'm just trying to get creative here. Could you guys go get married, have your family, have a great fun dinner out, and that be the quote-unquote marriage, right? You got married, and then six months later, will you guys be stationed away? I'm just trying to think, is there a way to do a really beautiful, nice wedding that you really want?
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Go Slow: Never Invest in What You Don’t Understand
Yeah, and it be a few months later.
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
Oh, like having the wedding, because you guys could be deployed pretty quickly. Yes. Yeah. I hear what you're saying. Yeah. Yeah.
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
You don't have four kids and you're trying to keep a household running. You guys can do it.
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
So your prediction is Maria's going to come out okay, or Maria's, because you think they're going to say, just we're going to leave the appliances.
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
And I'll say this, too, that the income is pretty guaranteed. It's not like, oh, we're going into sales, and I think we're going to be making X, Y, and Z. You know the salary ahead of time. It's laid out pretty black and white. You know what's going on.
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
Yeah, that predictability is helpful in this scenario, too, Riley.
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Go Slow: Never Invest in What You Don’t Understand
I know. Thank you guys so much for that.
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
And congrats. Have fun planning it and everything.
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
Marie, call back in and see if Dave's right.
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
You're not as desperate when everything's done.
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
Well done, you guys. Okay, so in this process, because you guys started with, I mean, I think no consumer debt anyways, because you guys have been following this for a while. So when the five years kind of began, was it that, hey, we're making more money, we're just not going to increase lifestyle, and we're throwing extra at it? Like, what was your plan of action?
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Go Slow: Never Invest in What You Don’t Understand
For people listening that are like, okay, that's our next big step. Did you feel like you were still intense? Or do you feel like, no, we were able to like live and breathe. but we just didn't up our lifestyle majorly. What did that look like for you guys?
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
No. It's not like an intense cold plunge. You were tired for that moment.
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
They did it. I heard Luke. Luke did good.
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
And this is a great, you guys did this event last year. It's the only time we've ever done it was last year. They loved it, loved it. So honestly, it really is. It's a great deep dive into the subject.
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Go Slow: Never Invest in What You Don’t Understand
Yeah, and at ramseysolutions.com slash real estate, we have the dashboard. So it does, it kind of gives you a pulse of exactly what's going on in the market. If you are in the market, if you're selling or buying, check it out. I do love this. Like the median price right now is 400, oh my gosh, $400,000 is the median price of a home right now. Days on the market, 73 days on the market.
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Go Slow: Never Invest in What You Don’t Understand
How did they respond, Sarah? Because they know how much you've been paying. Yeah. Did they say, oh, yeah, yeah, yeah, your term's almost up, or like what you've given us, or was it pushed back to you?
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Go Slow: Never Invest in What You Don’t Understand
You know, it shows you right now what a fixed rate mortgage, 15 years at 6.1%. Yeah, but here's the thing.
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Go Slow: Never Invest in What You Don’t Understand
A few years ago, we- It doesn't matter. Yeah, but did they acknowledge the amount of money you've already paid them? They did, but now it's like they're treating it like it's different. Like a one big lump, yeah.
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
And have it visual. Have it on a sheet of paper, like here's exactly.
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
No, no, no. Sarah, is this going to be a hard conversation? Or do you like when you have the math and you lay everything out? Do you have the type of relationship that you feel?
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Go Slow: Never Invest in What You Don’t Understand
How is that going to go? Oh, God.
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
Morally, you've done everything to the T. You don't have to do any more.
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
That's a great question. So I'll just tell you what we do, Julia. I don't know if this is helpful at all. And I think there are some, yeah, there's some books out there, I think, when it comes to this idea of being generous. But, you know, from like a tactical standpoint, above the tithe.
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
How Winston and I have done it, there are organizations that we align with and ones that are close to our heart, meaning like there's one organization we've given to for 15 years because it was an integral part of our story and we really believe in what they do. So we give there. There's been elements of different times in life where like.
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Go Slow: Never Invest in What You Don’t Understand
You know, foster care has been big on my heart and we've given to things towards that or Winston's had things. So from the organizational standpoint, it is always fun to be able to support someone who's doing what you love and what you believe in. So we've done it that way. And then this year in January. We're doing something different.
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Go Slow: Never Invest in What You Don’t Understand
We're just adding in on the giving section of our EveryDollar app. We put an amount of money every single month and we're forcing us, we're forcing each other, we're holding each other accountable to have that money be given away. at some point in the month. So that could mean like a very generous tip could be part of that money.
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Go Slow: Never Invest in What You Don’t Understand
It could go towards if we hear something of a friend's family member, X, Y, and Z, and we're able to kind of just like anonymously give some money there. So we have found more energy in that, honestly, because the organization giving is wonderful and it's great. People just do incredible things. And with the Ramsey Foundation that we as a bigger Ramsey family are involved in.
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Go Slow: Never Invest in What You Don’t Understand
There's incredible organizations, but there's something about this joy for me of seeing someone or intersecting your story with someone else and able to help kind of in the moment there. And again, it could be anonymous or not, but giving room for those things to occur. And what that's done for me, Julia, is it's caused me in an everyday instance to
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Go Slow: Never Invest in What You Don’t Understand
Just to be looking, and I'm more aware of people because I'm like, okay, we have this money that I want to give. And I do, as a believer, I'm like, there's something spiritual about it where I'm like, okay, where's the Holy Spirit kind of nudging me here? And I've just found with giving, when you have a pulse on that and you're just...
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Go Slow: Never Invest in What You Don’t Understand
interacting with that part of your soul, if you will, it just creates a richer life where I feel like before we were a little bit tactical with our giving, like we gave our tithe and we'd give to an organization, but there's something about interacting with individuals on a day-to-day basis that again, just that that's one element, one way to give. And I've enjoyed that.
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Go Slow: Never Invest in What You Don’t Understand
I mean, we're only in February. It's only been two months of it, but there's, I don't know. There's just like this warmth to life there. It came alive again for us because sadly it's, Giving can get stale if you just have it on autopilot, right? So like part of this is interacting with the money you're giving too. So that's what Winston and I do. But Dave and Sharon do it on a larger scale.
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The Hardest Decisions Are Often About Money & Relationships
You know how when you go against what society thinks is, quote, normal, like avoiding debt, it feels weird at first? Well, I'm here to tell you that is okay. I want you to be weird if that means you're being intentional, including how you budget. And one way to be intentional about how you spend your health care dollars is with Christian health care ministries. CHM isn't health insurance.
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The Hardest Decisions Are Often About Money & Relationships
They're a biblically-based alternative. CHM is a health cost-sharing ministry that's helped hundreds of thousands of families take care of healthcare costs without sacrificing their freedom. As a CHM member, you'll share 100% of your eligible healthcare costs with a dedicated Christian community. And in return, your monthly contribution goes towards other members' medical costs.
The Ramsey Show
The Hardest Decisions Are Often About Money & Relationships
So no matter where you are in your financial journey, CHM can help you reach your money goals and still get the care you need. Plus, programs start as low as $98 a month. So go to chministries.org slash budget to find out more. That's chministries.org slash budget.
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The Hardest Decisions Are Often About Money & Relationships
Hey guys, Rachel Cruz here. All right, I'm about to say what everyone already knows, but budgeting is a good thing to do. Now actually starting, well, that's where people freeze up. And you guys, it doesn't have to be that way. With the EveryDollar budgeting app, getting started is super easy and so is sticking to it.
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The Hardest Decisions Are Often About Money & Relationships
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Chasing Easy Money Always Ends in Regret
Yeah. And I'm assuming, Christine, so correct me if I'm wrong, you fully trust him financially? Oh, yeah. Yeah, okay, good, good, good, good. Because to your point, there is a level of like, oh my gosh, you know, I've saved half a million dollars and handing that over, right? I mean, just...
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Chasing Easy Money Always Ends in Regret
We want to just all say out loud, yes, this is a person that is trustworthy to share in goals and us together walk this path. Right. Because we get calls sometimes, Christine, which is not your case, thankfully, but calls that they're like, I don't really trust them. And you're like, all right, well, let's hold the brakes, tap the brakes then before we do that. No, it's not that.
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Chasing Easy Money Always Ends in Regret
And it doesn't make you less of a man or a woman. I understand for guys it's a totally different perspective. I think there's differences in men and women when it comes to how we relate and see and view money. But that's the problem, too, is I think we've related so much of our money, either our mistakes or our successes with who we are as a person. And that's just not the truth.
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Chasing Easy Money Always Ends in Regret
So whether he made a lot of mistakes with money or didn't make a lot or you were really great with money or you weren't great with money, like regardless, it doesn't matter. It doesn't affect who you are as a person. And you guys married because you loved the person. And yet we live in this world where money suddenly is like this measuring stick.
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Chasing Easy Money Always Ends in Regret
And so I have to earn and find value and covering up and making up for my mistakes. No, take all that off. That's not on you. We're doing this together.
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Chasing Easy Money Always Ends in Regret
All right, Dave, you have some strong opinions. Possibly, yeah. Yeah, I think so. Okay, because you really prefer credit unions over big banks.
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Chasing Easy Money Always Ends in Regret
Well, and I think we have found one that is incredible, and that's Fairwinds. They are an incredible credit union that is really out with the heart to help the customer.
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Chasing Easy Money Always Ends in Regret
Yeah, absolutely. And I love it. The things that we teach, they so line up with. And you're right, their customer service is unbelievable. Winston and I just signed up and we got an account. And I'm not kidding. It took less than five minutes. It was so user-friendly. The step-by-step approach was unbelievable. And then the next day my phone rings and it says Fairwinds on my phone.
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Chasing Easy Money Always Ends in Regret
So I answered it and talked to someone there and they said, yeah, they give calls to every new customer. And so again, they just really care about your experience. And I so, so appreciate that. Plus anything that you can do at a traditional branch, you can do with them at fairwinds.org or on their app. And you'll have free access to over 33,000 ATMs.
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Chasing Easy Money Always Ends in Regret
Yeah, you guys, it's so easy to join Fairwinds no matter where you live. So go to fairwinds.org slash Ramsey.
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Chasing Easy Money Always Ends in Regret
Was that through a letter, Andrew, or how did they contact you?
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Chasing Easy Money Always Ends in Regret
All right, we have today's question from Denise in Massachusetts. My 51-year-old son invested $600,000 in a crypto exchange scam, and he cannot recover the funds. An attorney says he can sue the exchange that facilitated the transaction. However, after fees, he can only expect to recover about $25,000 of it. Should he go forward with the process of trying to at least get some of his money back?
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Chasing Easy Money Always Ends in Regret
Gosh, George, that's one of the highest ones I've heard.
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Chasing Easy Money Always Ends in Regret
Okay. Where are you financially? Are you working? Are you a student?
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Chasing Easy Money Always Ends in Regret
Yeah. Yeah. And then, like you said, if you have to pay attorney's fees on top of it.
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Chasing Easy Money Always Ends in Regret
Do you have any do you have any desire at all? Because, you know, you're baby step seven. I mean, like if you had if you had a million dollars in a high yield savings account, George.
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Chasing Easy Money Always Ends in Regret
You're like, I would just rather put everything in an index fund.
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Chasing Easy Money Always Ends in Regret
Not Peloton, though. Remember we looked that up?
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Chasing Easy Money Always Ends in Regret
I mean... So essentially, yes, door to door sales is very difficult. I think the craft of that and the world that we live in has changed. I think it 20 years ago was actually like a pretty profitable way to make to make some money. Nowadays, I don't think that is I think there's a way better ways for you to make more money and still learn sales and make more than 850. How are you eating, Tim?
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Chasing Easy Money Always Ends in Regret
That's what you can make less than that doing Instacart. You know what I mean? More than that doing Instacart.
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Chasing Easy Money Always Ends in Regret
From the photography or the dental? What did you say?
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Chasing Easy Money Always Ends in Regret
Yeah, and the product you're pitching, Tim, is very expensive, right?
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Chasing Easy Money Always Ends in Regret
For people to take that on... Yeah, it's a long-term commitment.
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Chasing Easy Money Always Ends in Regret
And not have to borrow your parents' car and stuff. You know what I mean? We're trying to be progressing towards something. And I think the field you're in, the way that this is being sold, I just don't see it being extremely successful anytime soon. And so, yeah, I'm with George. I would probably just go get a job in what your field is and then start dreaming and thinking.
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Chasing Easy Money Always Ends in Regret
But we need to start practicing adulthood more than we are right now.
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Chasing Easy Money Always Ends in Regret
Wow, Zach. We just talked to a caller who makes $850 a month.
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Chasing Easy Money Always Ends in Regret
Okay, I'm wondering why, from an income perspective, Andrew, did the surgery affect your ability to work?
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Chasing Easy Money Always Ends in Regret
And by real estate, for you to own properties, for investment, for you to flip and make a spread?
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Chasing Easy Money Always Ends in Regret
Okay, so you're wanting to buy and hold and put renters in is what you're thinking?
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Chasing Easy Money Always Ends in Regret
Yeah, for sure. Yeah, well, well, with real estate, we always say if you're going to go beyond your primary residence, you want to do it with cash. And so being able to buy own a home first. Well, ideally, yes, to have a primary residence before you go and start doing investment real estate. Yes.
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Chasing Easy Money Always Ends in Regret
So that would be, that would probably be the, that would be my goal for you, Zach, honestly, would to be to move out of your parents and get a place of your own and start working.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Yeah. So the real estate side of the investment portion is it is great, but it's not for income producing. Right. It's more to hold. Like you make money on that at the buy. And then when you end up selling with all the equity because you're holding it for so long. Right.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
That's right. Yes, that's right. That's right. So. So, yeah, I mean, I think it's a great goal, but I think I think the first step for you, Zach, would be to get your investment. to own property yourself, right? You know, for your primary residence, before going and investing and getting a rental home and all of that, because a lot of people do it the opposite way.
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Chasing Easy Money Always Ends in Regret
But what you'll end up finding is you're not really going to make a, I mean, depending on the home, obviously, in the situation, you're When you do that kind of investing, you're not making a ton of money. I think a lot of people have in their mind. I'm sure you wrote the numbers. You're a smart guy.
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Chasing Easy Money Always Ends in Regret
But I think a lot of people in their minds have this like, oh my gosh, I'm going to be making so much passive income. But by the time, especially if you go take a loan out, which a lot of people do for investment real estate, you're having to pay the mortgage. You're having to pay fees on top of that. You're having to pay everything it is to be a landlord for upkeep, all of it. And you end up...
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Chasing Easy Money Always Ends in Regret
from a net-to-growth standpoint with not a ton of cash. It's not like a big cash cow to have all of this in a residential market, having one or two of these. So I just want you going in, eyes wide open, just knowing what you're getting yourself into and that it's not... I don't know. I just feel like I see stuff like this all the time on social media. And why has Wade done this? And I'm like...
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Chasing Easy Money Always Ends in Regret
And it's not a bad thing. You know, I like diversification. I like having money in the market. I like having some real estate. I think all of that's really good. But it's not this thing that's like, oh, my gosh, it's gonna be making me a ton of money. If anything, flips will like that's where we've actually seen, you know, from a short term perspective, actually see some pretty great.
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Chasing Easy Money Always Ends in Regret
Yeah, and you can get some really crappy houses in Nashville and gut them if you know what you're doing. I mean, that's a whole other business that you have to – It takes a lot more work.
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Chasing Easy Money Always Ends in Regret
You're not working there. You just own it. So you get like a dividend, basically.
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Chasing Easy Money Always Ends in Regret
So that would be the wrong way to do it from Ramsey's standpoint because that's how Dave actually ended up going broke because he borrowed on all these homes. And then you get stuck and you're having to sell it quickly because you're like, oh my gosh, it's a flip and so we're needing to make a profit and you end up selling it for not as much as you want.
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Chasing Easy Money Always Ends in Regret
And then you end up not making the spread that you want and then it ends up going backwards and it's not good. So cash is everything.
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Chasing Easy Money Always Ends in Regret
So you're not charging full rate of the work you're doing as a contractor? No.
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Chasing Easy Money Always Ends in Regret
Right. The intention was good, but the execution was terrible.
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Chasing Easy Money Always Ends in Regret
Do you have any idea where he is financially at all, Sarah? Do you know what he does have?
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Chasing Easy Money Always Ends in Regret
Where's the rest of the money that you're owed for the work that you're doing?
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Chasing Easy Money Always Ends in Regret
Sarah, are you married? I am. Okay. How are you and your husband financially? Where are you guys at?
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Chasing Easy Money Always Ends in Regret
For sure. And has he approached you with that idea, or is it just you and your husband thinking through, like, gosh, this is an asset that dad has?
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Chasing Easy Money Always Ends in Regret
pretty sore condition and the neighborhood is not the absolute best so thinking of our future and our yeah you may not want to yeah we don't want to so it's sort of a yeah do you do you guys um i'm just thinking out loud here um do you know how fast you guys can get out of debt consumer debt you and your husband we are aiming for december of this year okay Well, be really, really great.
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Chasing Easy Money Always Ends in Regret
Yeah, for sure. Yeah. Yeah. I don't know, Georgia. I want to know your thoughts on this. But there's a part of me, Sarah, that he's not. I kind of want to separate your dad's. situation and you and your husbands. You kind of have to make those two different ideas in your head. And I think you and your husband need to make decisions on what's best for you guys.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
And it sounds like it's not a great house. You're probably not going to buy it long term. You may even want to get out of it soon. I don't know. But whatever you guys need, you make decisions based on that. And then if he raises a flag and says, hey, as the landlord of this home, the owner of this home, I need the money. So I have to sell this asset.
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Chasing Easy Money Always Ends in Regret
And you all just have to be ready if that's ever the case. But this whole idea of like, I feel like we need to do this for him when he's not asking, right? It starts to tangle the two families and two financial situations where I would wanna keep them separate. And your heart is so great, Zara. And I can only imagine, he's such a wonderful, he sounds like such a wonderful man.
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Chasing Easy Money Always Ends in Regret
How could you get $42,000 to pay off your medical bill? Uh... I don't like the way that's structured, Andrew. Do you know what I'm saying? If you're working 40 hours a week, you should be compensated.
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Chasing Easy Money Always Ends in Regret
And you're like, how are you going down this road, dad? Like, you know better than this, right? And it's almost so sad as a daughter to watch your dad make these decisions, right? And so you're just heartbroken for him. But also it's hard because you can't help people who aren't asking for help either. So I understand that you guys see a way out for him to a degree of this home and everything.
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Chasing Easy Money Always Ends in Regret
And that's very generous. And maybe that's in your spirit. And you're like, hey, we do want to offer this. As an idea to him. And if you want to do that, that's that's great. But but also he's he's not raising his hand. You know what I mean to to do anything right now. So I almost in one way keeping the two situations separate in your minds.
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Chasing Easy Money Always Ends in Regret
But knowing there's going to be a crossover eventually because it's his house, his name's on the on the deed.
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Chasing Easy Money Always Ends in Regret
Yeah. And if he called the show, Sarah, and he was telling us this, we probably would say sell the house and get your financial house. Right. I mean, that probably would be our advice to him. But he's not asking. Do you know what I'm like? So. So it is hard to give advice or thoughts to someone that.
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Chasing Easy Money Always Ends in Regret
But in my conscience, I know this asset is here. And if you need to sell it, right, well, you could give it as an option. But give him the out.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
I know, Andrew, but you need more money to start saving. You need more money to start investing. You need more money for you to start saving for a down payment for a home. You need more money.
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Chasing Easy Money Always Ends in Regret
You're going to be stuck in this forever and not have any...
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Chasing Easy Money Always Ends in Regret
cash flow available to you does that make sense like you won't even be able to build up an emergency fund making twenty thousand dollars a year so your structure in this company is pretty whack it doesn't allow you to be self-sufficient which is part of the problem of you seeing forty three thousand dollars of a medical expense and you don't know how the heck you're going to pay it because you're not making anything even though your expenses are low that's not the way to calculate an income
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Chasing Easy Money Always Ends in Regret
Yeah, I was going to say easy would be a number, which is what caused so much of the disaster of people that keep a score and the computer basically saying, oh, okay, yeah, we'll give this person hundreds of thousands of dollars and then they can't manage it. So easy isn't really, you know, probably the bar we're setting here. Exactly.
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Chasing Easy Money Always Ends in Regret
Yeah, they end up having to get out of their business that they started in the first place because some of these moves that they make, they just they get.
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Chasing Easy Money Always Ends in Regret
too excited too fast and make decisions on on a hopeful future that doesn't always pan out and so just limiting your risk and living with such autonomy joseph over your business over your own personal money creates a lot of peace in your life and i think for a lot of people they overextend themselves because they're confident they know what they're doing or they're trying to work the system of the credit card game and the credit score like all of this
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Chasing Easy Money Always Ends in Regret
And I'll just tell you, from a financial standpoint, you're going to win with wealth faster doing it the old-fashioned way of just living debt-free because you're going to have way more money freed up to invest and build wealth. And then also the other end of all of this, Joseph, that we talk a lot about on this show is just your mental state, like the idea of –
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Chasing Easy Money Always Ends in Regret
Having peace and like sleeping at night and not owing anyone anything like there's a level to that in your life that is huge that you can't put on a spreadsheet. Right. So there's an element of the holistic person that we look at when we talk about money and especially debt and debt robs so much from us, not just our income, but also our peace of mind. And so.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
being able to be free from that and make your own decisions. And it's going to cause you to grow slower, Joseph, which is very frustrating. And I'll just say here at Ramsey, like, that's how we've done it. And there's things like the way that this business is, you know, there's multiple, you know, up to 12 P&Ls within the Ramsey, you know, under the umbrella.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
You know, there'll be a certain P&L and we're trying to do a project. And it's like, nope, we got to wait on this. And you're like, oh, I wish we could just do it today. You know, like you, we want to be urgent with things, but it actually forces you to slow down and and actually make wiser decisions long-term from a business perspective, I believe. So, yeah, that's our sales pitch to you, Joseph.
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Chasing Easy Money Always Ends in Regret
But you're an adult, so you get to make your own decisions with it.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Does that make sense? Yeah. For you to be self-sustaining. Now, if you are working part time, that makes sense. But for you to be a self-sustaining adult where you are a full time worker, you need to be thinking beyond what your expenses are now, because you don't want to be where you are now in five, 10 years. Do you like you want a house?
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Chasing Easy Money Always Ends in Regret
Yeah, it's great. Well done. And good luck on the test this weekend. That's exciting.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Yes. And you know what? That simple philosophy, George, would save people so much pain. Like, we talked to so many people on this show, and maybe you're listening or watching right now, and it's just like they're just carrying this weight of debt.
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Chasing Easy Money Always Ends in Regret
And there's probably a lot of people that are like, I wish I was Joseph and I was debt-free. Don't, Joseph, don't go. Don't buy a zero-turn mower with 0% financing. Don't get into it.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
You want to be living on your own, paying your own electricity. Yeah.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
All right, George, you don't know this, but there's an anniversary today.
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Chasing Easy Money Always Ends in Regret
It's not yours. No, it's not mine. It's actually a milestone in our friendship anniversary that happened today, three years ago.
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Chasing Easy Money Always Ends in Regret
Yes! It was three years ago today. And we're hosting together. Can you believe that?
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Chasing Easy Money Always Ends in Regret
Katie called, for those of you that don't know, a lot of people do know this because it was a very popular call.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Katie called. She's a horse girl. We all know about horse girls, right? They're very obsessive about their horses. They love their horses. And their horses, they will keep their horses even if it doesn't make financial sense.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
So poor Katie was really not in a good spot. We're wrapping up the call. The music's coming on. The segment's ending. And George is like, Katie, you got to sell your horse. You got to sell the horse. That horse doesn't even know your name, Katie. Sell the horse. And I was...
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Yeah, for sure. So this is kind of your wake-up call to, you need to be restructured. Yeah, the way you're paid. needs to be. And my fear is, is that the way you guys have conducted this family business is that they need you only pulling out 20,000 a year. Cause they need more for profit.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
She actually ended up coming to a live event.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
We got to meet her in person. Anyways, it's an infamous call. And a lot of the people that follow the show closely, they know the call well. And they talk about George telling her to sell the horse.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Didn't think that was something that was... Horsegate happened three years ago. So anyways, thought I'd bring that up to you.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
No, no. And yeah, get a state specific will. They're inexpensive. It takes a little bit of time, but just fill it out and talk about it. And it is really sad, George. I just feel like more and more we hear stories and even in my own, you know, with my own personal friends, you know, they'll be. family members that are in accidents or things.
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Chasing Easy Money Always Ends in Regret
And like, it's hard questions to kind of figure out even from a health standpoint with someone, right? If they are in a condition. Healthcare power of attorney. Yeah, all of that. So doing all of that is such a gift, like beforehand, before something happens, that is such a gift to your family. It really is because the decisions are made.
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Chasing Easy Money Always Ends in Regret
Like I'm scared that you're getting shortchanged as an investment, quote unquote, back into the company, but they're needing that margin to keep the company afloat. And if you said, Hey, I need to be paid market rates as for an income, would they be able to afford you?
The Ramsey Show
Chasing Easy Money Always Ends in Regret
They're not having to sit and battle in court and pick through everything and think through everything like, It's all laid out. It's all there. And it's just, it is the responsible thing. It's part of being an adult and taking care of it. So life insurance, a will, like all of these things are very, very important.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Yeah. Are you at the end of your rope because of the family dynamics are exhausting, the hours you're working are exhausting, the type of work you're doing is exhausting? What's like creating that gap for you?
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Okay. Yeah, I mean, I would sit down probably with him, which would be very scary, it sounds like. It's not going to be a fun conversation. No, it won't be. But I think as a man, for you to say... I don't know what has to change for you, Anthony, for you to be in a better spot. And I don't know if that's, hey, this is what I need in this work environment for me to stay.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Or if there's nothing you need and you really just don't even want to stay, then I would give a notice and give a hefty notice to say, hey, I'll work another 90 days here so I don't leave you guys in a pinch. But my my time here is done.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
But I think giving some of that having some of those conversations sooner than later is very respectful because it is a family business and you want to leave really, really well. But unless there's a conversation about this is what has to change for me to stay. That's one conversation or Anthony, if you're thinking, I mean, there's nothing that would change. So I want to stay here.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
What expenses? Because I'm trying to help loosen this rope for you so that you can make more money to pay off $43,000 of debt that you have. Does that make sense?
The Ramsey Show
Chasing Easy Money Always Ends in Regret
then I would have the, yeah, the conversation, the exit, which is so hard. That's what makes family business so sticky is it's so intertwined and it sometimes can hurt the relationship.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Oh, my gosh, Adam. I guess is the debilitating condition, like physically, are you able to sit at a desk? Are you able to do any kind of work at all that's not physical? Or is that almost nearly impossible? Sure.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Wow. Oh, I'm so sorry. Do you have disability?
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Yeah, but your food, your grocery, I mean, I know you live at home. It's a very tangled way to do life right now, Andrew, from a money perspective. So I want you to hear that. I understand you guys are trying to do all these loopholes so you don't have to pay taxes, but you're getting screwed in the process, Andrew. You have no money.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Okay. So you guys are around that. 11 grand? Yeah, around 11 grand.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Yeah. No, I was going to say, yeah, there's a lot of upside to this for you guys to your point and being in such a tragic situation. Yeah. Well, the good thing is, is your age, number one, is that you guys are still young. I mean, you have a lot of years to be investing and building wealth through that. And it may, you know, look different. You know, it may be one of those things, unless your wife
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Chasing Easy Money Always Ends in Regret
chooses you know to go more full-time or chooses a different career path and starts making more money that you you guys would probably have a somewhat consistent income for a while right i mean nothing really is probably going to change majorly unless i'm missing something and i guess she would be the only factor that if she decided to change something you know that could cause an increase in income but but even for that and even with your medical um
The Ramsey Show
Chasing Easy Money Always Ends in Regret
The fact that you could, I mean, if you guys just even invested, I know you pulled up the calculator, George, but just, you know, even $1,000 a month or whatever it looks like, I mean, that does build wealth long term.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
You have no money and you're living with your parents and you're expected to be paying $43,000 of a medical debt. So something needs to be restructured for you to make more money. You have to, Andrew. These bills are coming. So I need you to feel the gravity of that.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Yeah. And with that, Adam, I think that does give you guys some cushion, especially with your health stuff that, you know, if you look up in two years and there's some treatment, you know, that costs a lot, you guys could pause it for a bit if you needed some extra cash, right, to go and get that done. So it gives you a lot of margin and flexibility.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
This is an adult decision and the business is going to have to be making some different decisions for you or you're going to have to leave the business and go get a job to pay this debt.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
But I think that consistency of investing for you guys is going to be your key. That's what's going to cause you guys to build wealth long term. But, gosh, I'm so sorry. I'm so sorry about all the health stuff you guys are going through.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Yeah, well, thank you for your service, Adam. Yeah, absolutely.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Yeah, but you and your family, you guys sound, yeah, incredible. And that said, I think it's, you know, it's not exciting, right? We've had some, like, calls about crypto and, like, they ended up being scams and people lose money. There's all these, like, shiny things out there. Could make more. Yeah, all this stuff. But it's like, man, just investing $1,500 a month.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Yeah, that's right. And we always talk about investing 15% of your income into retirement. That's what this is. So that 15% is huge. And then once you pay off your home and you guys are on Baby Step 7, that's when you're able to up a lot of this too. Yeah, is that you can keep continuing to build that wealth, which is amazing. So thank you, Adam, for the call.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Okay. Yeah, I think for me, because, yeah, like you said, the debt will be paid off and it's not going to be even an issue, you know, here in a few months.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
But I think the bigger problem is the alignment on which you guys are making that decision because you are still speaking as if it is two different, you know, money situations under the one household versus if you all were saying, you know, as a couple, our goal is... to build wealth and to do these things, whether it's replace a car, go on a great vacation.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Like we have these goals in life that we want to do. And what's the fastest way to accomplish those goals together. And the fastest would be to get out of debt ASAP and start working towards those goals together. So, but that's more of a holistic viewpoint that we see this situation as us, not just him and you. Right. So, um, So that's it.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
I mean, the debt's going to go away, but my fear is that this mindset still stays and it'll take you guys longer to win financially and miss so many opportunities to continue to build a level of connection and intimacy as a couple and to say, hey, we are one in every aspect of our lives, including this one. And so it just kind of stunts that if you continue with this mindset.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Totally. Totally. Yeah. So I think you can appreciate and George, you probably speak into the suit with you and Whitney. You can appreciate opposites like. Winston, my husband, is like, hey, look at this Excel sheet for the next seven years. I don't really even want to look at that, even though I talk about money every day of my life. He's more into that stuff. George loves a budget.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Whitney's a little bit more of a free spirit.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Yeah, there you go. So you guys are going to have different personalities, but don't let that stop you guys as seeing yourselves as a team when it comes to your money and seeing yourselves as one. So, yeah, I think if you go to him, to your point, and you're like, we need a budget tonight. I'm just so excited. I want a budget. He's going to be like, oh, Christine. Oh, my gosh. Like, geez. Sweet.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Yeah, but I think it's more of like it's just the mindset of, you know, it's not about the budget. It's not about the debt. It's us together as a couple. I want to do this life together. And part of that is like sharing the responsibility money wise like that. I just want to I want to work out of one account. I don't want to Venmo each other bills and and your income and my income like it.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Let it all go to one account and together as a household together. We are running this household and this family, and money is just a tool to allow us to do the things that we want to do in life. And let's do that together versus separate. And so that's kind of the way I would approach it. And then the tactical side out of that, once you guys agree on that holistic picture together, is –
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Okay, together as one, what do we need to do to be financially healthy? Well, we need to have an emergency fund of $1,000. Check. Okay, we need to be completely debt free. All right, that's our next goal. Perfect. Let's put some of this money that's now in one account. You know what I mean? Put that $15,000 there, pay that off. Great. Now we need an emergency fund. Okay, great. Let's do that.
The Ramsey Show
Chasing Easy Money Always Ends in Regret
Next, we have a dream because we've done a dream date, just like George said. And we have a big dream to take the family to this destination in two years. So what do we need to save each month to do that, right? Like you start actually planning and living life together. Right. Is that helpful? Because I understand what you're saying, and I think couples usually go the tactical side.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Yeah, because I'm just thinking, how much do you guys make a year when he goes back to his normal salary? How much a year? Normally about $100,000. $100,000 a year.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
I'm just running really fast math here, but I'm like, if you guys are using all this extra as I'm going down my list, and if you go and get that loan for 30 and seven and pay the cars, it's basically right at $50,000 that you guys have left with those cars and then the other student loan and personal loan.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
So that's kind of what it goes down to, to say after all the smoke clears, we're gonna have about 50 grand left to pay off. We make 100 grand.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
I mean, what if we, yeah, what if there was something for six months? You know, it doesn't have to be long, that there's just something to bring in. Just because the whole goal here, which you know, but it's just to fast forward this process. Do this as fast as possible. We call it gazelle intensity, but just get through it as fast as possible.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
And there's going to be some sacrifices, things you don't want to do, but it's for such a short amount of time. It's six months to a year and be done with all of this, right? And then save up for the emergency fund and replacing your car.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
because you guys are gonna want new cars after the beaters that you buy uh that are crappy but um it's just this idea of this progress really fast so yeah that the photography stuff's great i mean a thousand bucks is usually what we see a side hustle people bring in if they can bring in a thousand dollars a month that's great and that's great by the way shelby i didn't want to sneeze at that no but i do think there's something even more yeah you have a lot to offer so i'm just like man i wonder for you know and i know it's not ideal and i know as a mom too you know when you
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
decide because i even pulled back from work a lot when my third was born and you kind of have this mindset of like okay i'm gonna be more present as a mom i'm here and so to kind of rewind that a little bit and plug work back in yeah that's a hard mental it is obstacle shelby so i get that but my only hope in all of it is that it's it's for such a short period of time um and i really i think i think you guys can do this and work as a team but
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
To answer your original call, Shelby, I think we agree with the husband. Throw it at the debt snowball, but Ken and I both agree. Sell those cars, take a loan for the difference, and keep on going.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
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The Ramsey Show
You Don’t Need a Raise, You Need a Plan
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The Ramsey Show
You Don’t Need a Raise, You Need a Plan
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The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Hi, thank you so much for taking my call, you guys.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
So my question is, I have a studio that I would like to renovate, and it's going to cost about $10,000. And would it be a bad idea to rent it out to my parents?
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Okay, so I got this idea, and I got this sense of urgency because my father shared with me his retirement plan in January, and he has very bad spending habits. He did say that His plan is to retire in Mexico, be a gold miner with $30,000 that he has, and basically leave my mom here with his Social Security check so she can keep paying their rent.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
And their rent is $1,200, and that's the same exact amount that he gets for Social Security. So I'm kind of freaking out here and thinking, you know, my mom won't be able to keep up with that payment on her own. So... I know my dad is going to splurge and spend his money in about one or two years and he's going to come back and want to also move in with my mother and the back studio I have.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
So in order to maybe not enable his bad spending habits, that's where I was like, okay, what if I charge them rent? And part of it would be to pay me back for the renovations I've done. But the other part is to secretly fund for their retirement and any future
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
um bills that that's gonna fall on me but you're not gonna get paid do you realize that rachel they're not gonna pay you they're not gonna have any money yeah this is a disaster okay so rachel you can't stop i want to know how you how are you financially how much debt do you have how much savings do you have
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
um thankfully my husband and i are almost debt free we have a paid off mortgage and savings we both have about a hundred thousand okay for retirement for retirement okay and five thousand for emergency five thousand for emergencies how much debt do you have left five hundred dollars oh okay so you'll pay that off this month i mean you'll that'll be done that's amazing okay so um how much do you guys make a year
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
We make $120,000. $120,000, okay. So, man, okay. I have so many thoughts. I have lots of thoughts. I know. Do you want to go first? You have what?
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
We have two boys that are four and six years from going to college, so we're trying to hurry up and pay for a college fund.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Yeah, I'll say it's minimal. Maybe combined with electricity and whatnot, it'd be like $300. Okay.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Is gold mining like a thing in Mexico? Is that like a...
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Is he being for real, Rachel, or is he kind of just saying, like, I'm just going to leave?
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Well, no, he really wants to be Yosemite Sam because he did it in his teenage years, and he has a friend who has a golden son. How old are your parents?
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
all the boomers are laughing uh how old are your parents rachel my dad is 71 and my mother is 61 okay and how old are you guys uh we're 35 oh man okay this is so here i mean here's the reality and this is what's always so difficult about family relationships when the child when you're the parent That's what's happening, Rachel. You are flipping and that's not fair to you.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
So I just need to say first and foremost, this is not your responsibility. It's not like you can only control you. They are going to dig themselves into whatever hole finding gold or doing whatever they're going to do.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
and literally he's gonna dig himself a hole so like like you can't stop that right and so there is one side of the coin and some people are like this where they're like we are putting up a boundary right it would be like if your husband was like we are absolutely not funding your crazy parents no we're not doing this like some people put a hard boundary and it's like mom and dad y'all have to grow up at some point and i'm not gonna be the safety i'm not gonna be the parent so that's one side of the coin
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
I know. But then there's another part, Rachel, a human part with a heart.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
That does say to a point, like, am I really going to let my parents be on the side of the road?
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
She has, and we've had the pastor intervene and family members with the spending habits, and that's why they are where they are right now.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Okay, well, if I were her, if she was calling this show, Rachel, right now, I would tell her as much as we talk about combining finances and being one as a team, he is the most risk possible for her not to retire. So if I were her, I would be working 40 hours a week and I would be creating my own retirement. I mean, honestly, because he's a child. Like, this is crazy. You know what I mean?
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Mm-hmm. So my mom opened up her own secret account for $20,000, and she's afraid that she has to speak on it when they file their taxes together. He's going to find out. Not for a savings account. No, for high-yield savings. She doesn't need a report to taxes. No, just earned income, right? Right.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
I wouldn't do it. And the only way I would do it is that it's a ministry to mom and dad. And we don't need the income as rental. And we're going to fix it up for them. And it's there for them if they need a landing. And you're just going to be a good daughter. But I would expect zero, zero money from them. But if you guys need this as rental income for your life to fund your kid's college.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Sorry, mom and dad. We're renting to someone else.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
If Ken doesn't show back up to the show, we know where he's gone.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Today's question comes from Antonio in Indiana. I'm 22 years old and getting married this year. Once we combine finances, we will have no debt and we'll be making $205,000 a year. While we feel extremely blessed, we just recently started earning this much, so it's a little intimidating. In the next two years, we could easily save for a 20% down payment in addition to an emergency fund.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Do you have any tips on how we should remain content with renting during that time. The longing to reach my goals often clouds the journey it took to get there. And I don't want that to be the case for the first two years of marriage.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
I don't know. I'm preaching to myself all the time, Ken. Okay. This may be a little Pollyanna, but I also think when you get married, that's such a newness in life. that this whole thing of like, oh gosh, I got to like do the next thing money-wise, the intensity kind of changes in a sense because your whole life has changed.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Like you're starting this new life with a new partner and like you're doing all of this. So there's almost this element of life that changes that's exciting that may kind of help naturally kind of loosen this like discontentment you may feel towards a money goal. It's like when you have a baby, right? Like it's just something just changes every, And you kind of have like this new thing in life.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
And then once you kind of get the rhythm of that, if we ever get the rhythm of marriage, let's be honest, it's like then from there, you guys, I mean, then you'll be like, okay, we have 12 months and we'll be good. So I think being as present as possible, I've learned this, Ken, recently.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
with some stuff I've been reading because staying completely present is so difficult because we're always thinking forward or thinking backwards of like, oh gosh, even at lunch today. I mean, you're just where our minds go. It's rarely in the present. So it's almost a practice to be present. I mean, it really is because we just... We're either forward and back all the time.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
So I think it's hard for a lot of people. But also, I don't know, Antonio, I think you'll be okay. I think that there's a fun new element of your life that's about to change with marriage, and you're going to enjoy that. And I don't know, there'll be enough distractions, I think.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Yeah, I mean, you've both been burned, yeah, by the exact same issue from an ex-spouse. So yeah, Christy, I mean, you're not crazy by any means for this to be so heightened and so aware. But I would also just challenge you that the man you chose to marry and that you chose at the altar and said those vowels, what caused you to say yes to him? What were those things?
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
For the interest. Yeah. So the interest earned on the high yield savings, if it's over $125 in 2024, it is considered earned income. So if she, which depending on how long she's had that 20 grand in the high yield.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Yep. There will be taxes on that. But we'll circle back to that call again. Who cares if he learns about it? It didn't change our advice.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
I have a fun fact about Worcester. Put Jessica on.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Jessica, do you know Holy Cross that's there? I know Holy Cross very well.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Okay. My brother-in-law played basketball there. Fun connection. Yes, I know. And I went to an American versus Holy Cross basketball game in D.C.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
And watched it happen. So anyways, that's my fun fact about that.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Very cool. All right. How can we help you, Jessica?
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Yeah. So I think what can happen is our emotions and from our past, it's almost like a neuropathway in our brains, right? It has been formed for you that with money, it's like, don't trust, don't trust, don't trust. And over time, you are going to have to build a new way of trusting.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
And I think even leaning on kind of just those facts of what you just told me, Christy, like this man is not your ex-husband. And I know me just saying that doesn't wipe away all the emotion, but just you have to trust yourself as well.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
And I think when people get blindsided by a spouse, whether it's financial infidelity and affair or something, there's almost that fear of, I can't even trust myself. How did I miss it? Right. You're probably asking yourself, how did I miss it for 15 years?
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
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The Ramsey Show
You Don’t Need a Raise, You Need a Plan
So you're thinking about that. And so I would say, trust yourself, Christy, because you chose someone to do life with. And so, um, again, I would, I would talk to a therapist because that trust string, isn't going to just be tied to money. Um, It's going to come out in other parts of your marriage where you probably have a level of that wall.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
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The Ramsey Show
You Don’t Need a Raise, You Need a Plan
And why we say to combine finances, yeah, I would say from a spiritual perspective, I think it's wise. But it's also, again, whether you're spiritual or not, the data shows couples that combine finances not only have a higher level of happiness.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
But there's also a depth of complete intimacy that when you say, I said yes to this person and I chose to lock arms with them and take on the world together. When you do that in just this like fullness together, you enjoy life together more than trying to keep everything separate and compartmentalized, if you will. So again, from a spiritual aspect, yes.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
And Sue, I'll just encourage you. I feel like we've heard more and more over the last probably three years or so of people making this move. People... And I hate to pick on California, but it's just true. They're leaving California and they're going to Florida, Texas.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
And there's a, you know, and for the kids' school, I mean, you think about that, right? You add on all these layers.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Yeah, of what life can look like. And then you may guys get in a situation soon and you don't have to work in three years, you know, because you guys are ahead and you've paid off debt and everything.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
And you think about the housing even. I mean, again, housing is expensive everywhere, but compared to California.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
That's the question. Has he, have you guys talked about this together as a couple?
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
But I would say it's even bigger than a spiritual aspect. I think people that aren't spiritual find this level of depth in their marriage when they choose to work as a team.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
And it's him you're saying when you approach it, he gets defensive, right?
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Yeah, and I think, Sue, you guys need to press into this. I'm just hearing enough. I understand what Kent said, that so much is tied. I mean, so much of America, let's be honest, of our self-worth is tied to our money. What we make, how much is in our account, what kind of car we drive. I mean, so much is attached to that. And...
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
So I understand why he can get defensive, but I also, if I'm being the female in the chair, I'm like, I'm sorry your ego hurts a little bit, but the math shows we are $650 behind.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Yeah, we have to do... Something has to change. So that change either, Sue, is you earning extra money, him earning extra money, you guys moving to a cheaper area. I mean, something has to change. But your dynamic within marriage, I don't like the tiptoeing or we can't talk about this because there's usually no resolution. We end up walking away.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Like that kind of stuff will follow you guys to Texas as well. And it'll come up, its head will pop up in a different issue as well. So I want you guys to be so unified on this decision and it doesn't need to come out of strife or fine, Sue just wants to do it. It needs to be, we have run the numbers and we are in full agreement for our life and our money that this is what we're doing.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Hi. So my husband and I bought an investment property next door about two years ago. And we would like to know if we should, A, move into it and renovate it ourselves or just sell the property and, you know, Take the money.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
So we currently have our home paid off that we live in. The property that is the investment property is actually next door to us. So combined, it's six acres. Hillside is really pretty. It shares an easement. And it's the only two houses on the hillside. It's a really pretty location. And so we are very attached to it. But the home we live in currently, we have it paid off, and so that's a bonus.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
So we could either – that's kind of where we're stuck.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Okay. So I have four children. There are six of us in the house, and we currently live in a two-bedroom single-wide. So it's getting really tight and we are needing a solution. And so that's why we're calling. Um, we do, the only debt that we have is the investment property and we got it at a really good deal. We got it at 75,000 and we paid it down to around 60,000.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
generational and so we also have a mix on his side of the fence of fear from the whole family yeah yes you know what i get that makes us even can i can i jump in here christy christy can i jump in okay this is we never talk about prenups you know we like our it's almost a almost never conversation i feel like around here with prenups unless there's a few caveats one of them is if there is an excessive amount of wealth
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
And so that is the question of, of the day. Uh, do we, you know, do we sell it because it's worth more? Do we take that money and we just, you know, what do we do? Yeah.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
We have had people come look at it and realtors and people who know what they're doing. So a really cool fact is we purchased it nine years ago for $32,000, and it was livable. It was actually really nice. And we bought our little single-wide trailer on two acres for $32,000, and now we can sell it for at least $120,000.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
And take the extra money, the $60,000, because you owe $60,000. You're going to make $120,000. Pay it off. It means you've got $60,000 left. And use that for renovations, cash flow to renovations. Do you guys know what you're doing when it comes to renovations or have you ever done that? We have not. We don't know what we're doing. So I probably, I would not recommend doing it yourself.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
I would get a contractor in there and having someone and they can do what they need to do. And you may have to live in a construction zone for a little bit, but I would do that just in order to cashflow it, you know? Okay. How much work does it need? Is it terrible?
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
It is not in good shape. I will tell you that it is an old house. It's a really cute old farmhouse. However, To give you insight, it doesn't have any doors inside. It doesn't have closets. It's a really old house. We have gotten it looked at by contractors, and they say that the bones are good, that we would be losing money if we completely demolished it.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
But we're kind of just stuck because we— Have they given you a number of what it would take?
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
I mean, I'm sure you guys haven't picked—I mean, that would be a ballpark, but I'm curious—
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
They said it would take at least $50,000, and we have $40,000 in our savings. So we are really stuck. We just don't know.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
No, you're not stuck. You've got a great option, Rachel.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
You know what you could do, Rachel? Sell the trailer, pocket the money, and you guys go rent somewhere for six months. It's not going to be a fun six months, but get the house all fixed up and stuff.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Rent somewhere for six months and then you guys move in. And you're cash flowing all of this as you're doing it. And you're not in a construction zone. Yeah. Okay. It's going to be a headache.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
That's a headache. You're moving twice. But in my, I mean, all day. Right.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
We are next door neighbors. The investment property and the home we live in are technically next door neighbors. So we really do you think we could just live in the home we have or move into the investment property and fix it up? You think we should completely get off of the property, correct?
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Well, in order to get the cash is what I'm saying. But you guys have 40. How much you guys make a year?
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
So this year on taxes, we're going to be bringing home about 110. Okay. But you have 40 saved.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Well, cash flow the rent, yeah, but you still got the mortgage on it and stuff. I don't know. You guys run some numbers and just say, okay, how would we feel? What would our emotional state be? What gives us the most peace? Is it to sell the current home? pocket the 120, sell off the house. You got 60 left. You guys put 60, 70,000 of cash into it and go rent somewhere.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Or is it less stressful for you guys to say, okay, we're going to pump the brakes a little bit. We're not in a rush. We're going to take some of this 40. We're going to start chunking and paying it off. I don't like that because then you're going to have to save up all this.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Yeah. Yes, thank you. It's all sounding really good.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
you know, there's a level of just protection there. But then the other one is kind of what you're talking about, Christy, for him at least.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Correct. And then paying the mortgage off later. Yeah.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Yeah, that's true. I guess one more question. I'm so sorry. One more question I have for you is... I've heard people say that it's smart to have rental properties. In this situation, would you suggest having both houses and living in one and renting the other?
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Yeah, not in your financial situation, I wouldn't. And having renters next door to you. Okay. Not a fun way of life.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
If there is some level of a family business, because we've talked to people like this where they get divorced and the ex still has voting stock in the company and then he gets remarried to someone crazy and now all of them are still speaking into the ex's family and it's affecting other people. So,
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
okay yes so we're gonna say no to renting that's very not those numbers are not common where we're at oh i know it was a blessing trust me i knew that much i'm no real estate baron but i was like but yeah no but i think y'all go to the house on the hill rachel and whether you guys cash flow renovations then move in then sell or sell and then move in i think either way you're great but cash flow the whole thing and yeah go live on six acres
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Because how many kids do you have? We have four little children.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
We absolutely do. And that's another thing. We're so attached to the property. How do I know these things? I'll do you. It's the spirit.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Good. Have you ever seen? Three, four, five.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
this may be a conversation that you have with him of that specifically, that farm, because it is tied to other people in the family. That domino effect is very real for those, for them to be protected in that sense with a farm, through some level of prenup. So again, we say almost never a prenup, but there are situations that make sense because it's protecting other people as well.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
How much are you making a year, Karen? I... let's see, I wrote this down, about $53,000 a year. $53,000, okay. And how much per month are your expenses?
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Oh gosh, Karen, I'm sorry. So I can't work. Okay. When is that surgery happening?
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Relatively. And is that the $53,000 a year? What was that number you gave me? Yeah, $53,000. It's coming all from alimony.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
So that may be something on his side towards you, right? This would be for you to sign.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
As long as he's working and making an income, he'll be paying you alimony. How old is he? He's a little bit younger than me. Will he be? Do you talk to him ever? Do you know what his plans are?
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Yeah, I'm with you on it's being unstable because you don't, you never know. He'd sign up to work next year, you know, and this is done. So you have $75,000 in savings. Do you have any other savings?
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
And yeah, we need to know your total financial. What's your, what's like in retire. Do you have any other money saved in retirement or investments or anything? No. No. So the $75,000 is pretty much it. That's everything in checking and CDs, all of it. Okay. Okay. Right.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Well, I think from a mathematical standpoint, I know that you are living below your means, but I want to know what your means are. So I would give you homework to say, okay, you know, figuring out, do you rent, own a home? What's your housing situation?
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Should I be doing something with it? My answer is yes, you should be. And what I would do, Karen, I would recommend you sitting down with a SmartVestor Pro. And if you go on ramseysolutions.com and look up SmartVestor Pros, there should be a couple in your area there in Portland.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
And talk to a couple of them and sit down with one that you, you know, interview two or three of them, find one that you like, and sit down and lay out the whole situation. Because some of the 75... Yes, should be invested. Now, should it be invested within a retirement account like a Roth IRA? Not necessarily. I mean, you know, a lot of that stuff is to grow tax free till you're 59 and a half.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
And if you start pulling from it, but you can invest into those past 59 and a half. Right. So I would I would sit down with them and honestly let them run some of these numbers because I want to make sure that you have enough. to live off of. And on top of that, knowing, and again, the health thing puts a whole other spin factor to your situation, which is just terrible.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
But to know for yourself of like, okay, this money eventually, if alimony stops, And if this is the only money I have, eventually it will run out. So what do I need to do to kind of safeguard? How much do I need to be living on a month with the amount of interest that we can be getting? Because that's the crazy thing about the market.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
In 2023 and four, it was like up at, like the S&P was around 20%. Like we had crazy returns. This year, not looking so great, right? So there is a level of this roller coaster ride that we talk to people, Karen, to ride out. Now, again, at your age, at 68, you are on the...
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
ladder end if i'm kind of the ride no that's right so so the aggressiveness of it may look different because of your age and situation and that's why i wouldn't that's why i would want you to sit down with an actual investment professional for them to look at some of this because um they probably will have a good game plan for you on how to get the most out of this money without losing a bunch of it if you need it right because that the the market game if you're living off of that
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
You want to make sure that there's a level of it that principle-wise is still there making you the money you need, but yet you're still able to pull money and live off of it, even if you have to pay taxes, if it's a standard investment. So there's kind of a lot there, Karen, but I would, I hate to hand you off to someone else, but I don't think I can answer this in a five-minute call.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
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The Ramsey Show
You Don’t Need a Raise, You Need a Plan
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The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Okay. How much do you guys owe on it? uh about 55 55 000 okay and you're thinking you can only kelly blue book it for what 25 about 30 30 25 30 yeah yeah yeah is your husband willing to get rid of it he is um and he's actually making um a big chunk of
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
right it's like two three four five six seven eight it's like stair-step kids uh-huh um okay so then the eight thousand dollar student loan and then the truck or is there another one uh and then my car okay which is about twenty two thousand okay now what's that worth his truck what's the twenty two thousand dollar car worth uh about twenty okay
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
And how much are you guys making a month now that his income is up? What is he bringing in? Right now, he's bringing in about $16,000 a month. $16,000 a month. Golly, that's amazing.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Okay. Is that because of his, is that because he's choosing to make it shorter or is it because of what he's doing? There's only like that much contract or whatever it is. It's just seasonal. It's like a contract. He's a crane operator. Okay. Gotcha. Gotcha.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Well, what I would say is, yeah, I mean, I'm on his team with going ahead and just, because you guys would knock out one, two, you know, close to three of these debts using the debt snowball with this extra money coming in, being able to knock those out with the surplus. And if he's going to be working for three more weeks doing that, it's like, yeah. So I would stick to the snowball method.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
And then I would challenge you guys and just say, you know, You guys can keep the cars and keep trucking down the debt snowball, but run the math and just say, what if we did sell them at a loss, right? So you would have to take out a personal loan.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
So for yours and for you to have a car, you'll have to take out to probably $7,000 loan for you to get a crappy car and pay the $2,000 that you owe on yours that you're underwater. Mm-hmm. And then for him, what if you guys took a $30,000 loan versus a $55,000 loan, right? I mean, you're shortening the life of this so significantly because of two cars. You know what I mean?
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
Like, it hurts so bad to say that it's upside down. And it's like, I mean, it's just, it's sickening, right? I mean, how much you guys are paying per month for this stuff. I get it. But I think I, if you can get a credit union to give you guys two other personal loans, I think that's what I would do. And then Kelly blue book these individually.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
After he's been driving it for two to three years.
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
work the snowball okay and he's right about that with the extra income however take the hit and get rid of both cars yeah what were you doing before shelby before you went home as a stay-at-home mom yeah i was a court clerk okay okay um because i'm just trying to think i just know a family right now personally and she's worked she was a stay-at-home mom for years and she's working three days a week now to get them moving and going so i'm like i just i just wonder for a season um
The Ramsey Show
You Don’t Need a Raise, You Need a Plan
If there is something that's – and I don't know what that looks like. I don't know if you – you probably can't do that virtually. I have a photography business on the side, too.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And especially since you don't have kids, be like, hey, evenings, I'm working. Like whether you're waiting tables, I mean, you are doing something. And let's just go crazy. And let's say you earn an extra, let's go two grand a month. I know that sounds crazy, Jessica, but seriously, what if you worked your butt off, earned an extra $2,000?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
That means sitting right now where we are in the calendar, by July, August, you could have a car. Depending on how much that one semester cost you, between now and December after you have a car, another couple of months of working extra, you could have saved $6,000, $8,000 in For your tuition. So that's literally between now and the end of the calendar year, Jessica. So it is possible.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
You just have to make some really big goals and you have to, not that you're playing victim to this by any means, but don't be leaning on the credit industry to get you out. Jessica, you can get you out.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And you don't need to buy a home with someone you're not married to either, Jessica.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Okay, so I want to know for you, because we've thrown out a couple of things, whether it's cars or college or not buying a house with someone you're not married to. And your rebuttal to us, this whole call has been, oh, I know. Oh, I know. I know. But why are you then still dabbling in this idea? Like, I can't get a credit card. I can't get a car loan. I can't get a student loan.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Because you're saying you know, but you're still giving it an option. Why? Yeah.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Buy now, pay later is... Horrible, Jessica.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
You don't need to worry about those stuff.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
I know. No, stop saying you know. It's more so the knowing the availability. But you only need it, Jessica. You really only need it to go into debt. And that's what we're telling you.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Just pay cash for everything, and you don't have to worry about it. And if some cell phone company pulls up your credit report, you can just show them the police report and be fine. You can get away with other things, but you have to be convicted about this, Jessica, or you're going to keep getting pulled. I feel like you're getting pulled into it, even though you're saying, I know.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
You need to stand firm, pay cash for anything. It is possible, Jessica. You can do this and keep things separate from the boyfriend right now and live your life. Get yourself a car, save up for the semester, get your college degree and ride off into the sunset and then maybe get married because you love him, not because of his credit score.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Oh, yeah. Yeah. And you have no one dependent upon your income right now, Mike, do you?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Do you have anyone dependent upon your income? Just me and my wife. Okay. What would your wife do if something happened to you?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
How much will all that equal a month for her?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Okay. How much are in all those accounts total, would you say? About $700,000. Oh, amazing. Okay. Yeah, I would cancel all three of these, Mike, and pay for your funeral with the $70,000. I would. I mean, because how much are you going to be paying for this whole life policy that you're keeping? And your agent wants you to keep it because he's making a great commission off of it.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Exactly. Yep. So I would drop them all, Mike. Okay.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Do I? Yeah, you'll have to probably pay for the growth with life insurance, whatever the... Capital rate. I'm not sure. Yep. I would talk to them to know the tax implications of that because the growth is different than just a standard investment.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
But depending on what they invested it in, because that's what usually happens with whole life is they have invested that money in a really crappy investment. And and so, yeah, depending upon that. But I would I would ask them that to make sure. But I would I would just put that 70,000 in a high yield savings. And you can keep it there because you have any liquid cash.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
I mean, everything else you were saying was tied up into investments. Do you have any just like cash in a savings account?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
About 10,000. Okay. So yeah, so I would take some of the 70 and put it there. If you want to invest some of it, you can. But you guys can just have a good buffer of high. Yeah, just in a high yield savings. How old are you guys?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And you've done such a great job, Mike. To be 70 years old, have everything paid for, $700,000 in retirement.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
So to your point, your daughter, your wife, everyone's going to be okay.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
It's a three grand difference though, Mike. I'd just get rid of a crappy product.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
For everybody after. That's what I'm going to tell people. Go have a great dinner. I'm going to do the same thing. On your laptop, will you pull up the Ramsey Investment Calculator? Yes. Okay, so Mike said for 40 years, he was putting in, what did he say, $1,000 a year, I think, for these... For these accounts. I don't know if all, I wonder if it was just one of them or if it was all of them.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
So he's 70 years old. So he's 30 years ago.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
What did he say? $1,000 a year? A year. So do like, just do a hundred bucks a month.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Rate of return will go 10% just to make everyone not freak out on us. God forbid we do 12%, but that is... 10%.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Over $600,000 and now he has $70,000. That's how crappy whole life is.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
He would have had $1.4 million in investments.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
So just that's, that hurts. So everyone out there, that's how crappy whole life is. And for the actual insurance part of it, life insurance part, it's so expensive. So go get term life.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And just, yes, at Zander Insurance, y'all. Call it a day.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
We upped ours the other, like literally this past year. And I told Winston, I was like, are you going to try to kill me? Is this going to be like a 2020 Dateline situation? I'm telling you, man. I'm more valuable dead than I am alive. Man.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And what that could have grown to. And now it's just $70,000 is what it'll be.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Oh, look, they did it. There you go.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
He's doing fine. He's doing fine. But this is a lesson for all of you listening.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Get term life insurance. Do not fall for universal, whole life, all these other policies.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
I ain't taking that porridge. I had an espresso martini recently, and the bartender was telling us that they always drop three coffee beans in the top of an espresso martini.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And they said, if there's ever four, don't drink it. Because it was a sign back in the 30s or something, if they dropped four coffee beans, it meant that it was poisonous.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And so look out, Ken, for your porridge.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
The earth is not flat. I don't believe that one.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Are you sensing anything? Maybe. I had two thoughts as you were talking, Sam. And one, I'm speaking to myself because this is actually a literal conversation I just had with my husband, Sam, like last week. Because I read something in this book. Are you a person of faith by chance, Sam?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
So what I'm going to say is kind of in my context of life, which is one of Christianity, and so... We are told from a biblical perspective to give. And that is one of the pillars that I stand on when we talk about giving is I really do believe with scripture, like it is the wisest way to live.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And when it talks about that and when Jesus talks specifically about giving to the poor, giving to widows, like there are orphans, widows, like there are specific people groups.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And that's what he did in his life on earth was he served and he was giving. And that was it. Right. So I was telling my husband all this, Sam, just like last week, because it kind of hit me different.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And I had this perspective because I've been talking to my kids about this and how I want to live out more generous opportunities, not just giving money, but actually time, like actually serving, doing things with our kids now that they're older. Yeah.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Sorry, Sam, I'm going a long way around this, but it hit me last week that I thought, man, I was giving for myself and then putting it on my kids of why I want to give. It's because I want them to experience. I want to experience. It was a lot of me and I in my giving, just like you, Sam. And last week was one of the first moments where I thought...
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
how self-absorbed am i i'm taking something that's supposed to be beautiful i'm not saying you're self-absorbed but i'm taking something as a as a follower of jesus that's beautiful and what we're just commanded to do like there's a reason to do this and it may not feel good all the time it may not be great but it's bigger than me the benefit is that i do believe the benefit is that you will end up becoming more fulfilled as you give because you
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
When Jesus talks about like, it's the opposite, right? The eternal life, it's the least, it's the least of these.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Yes. And then Sam, my other thought I had, so I would say, try not to make it more of a byproduct that you're going to feel good, but do something that's selfless, even if it doesn't feel great, because I think that starts to change who you are. But I would also say the things you told me that you gave to are wonderful, obviously cancer research and mental health, but they're a little-
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
faceless and big. So maybe you find somebody, I don't know how you would, this just came in my head, of a single mom and her son is struggling with depression and he's 12 and she wants to get him in therapy, but she can't afford it. And what if you, Sam, were able to anonymously or find a situation where you're like, hey, I can actually give to help
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Help that son or a medical situation where you can actually help pay the bills of a specific family. Now, you're not going to get the tax write off and all of that because you're giving to an individual. But at least you have this connection point that is actually really beautiful if you're able to. So maybe make it more personal and then don't put the expectation so much on yourself.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
I don't know, because that's new for me. That first point I was saying, Ken, is that I told you, Sam, she's great.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
But Darlene, I mean, a little bit of me is like, well, of course they keep asking you for money because you keep giving it to them. Right. So there's a point that they probably shouldn't. I wish they were adults on their own two feet. But you have been enabling the situation for years, you know. Would you agree? And I'm over being an enabler. And you're done. I hear it. I hear it. Oh, yeah.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Or you're at the gas station and someone's filling up their car. Love that. You're like, you know what? Let me just put your- You know what my favorite is?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Thanks for the call, Sam. So great. There's a time in your life and the baby steps for renting, but you don't want to do it forever because when you rent, you're still paying for a mortgage, just somebody else's. Plus rent means instability in your budget because it always goes up, never down. So when you're ready to buy, make sure you work with a mortgage partner you can rely on.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Churchill Mortgage. Churchill is Ramsey trusted to help you make the move from renting to home ownership wisely. Churchill understands that when you buy a home the Ramsey way, your mortgage payment will be a consistent, manageable part of your monthly budget. Plus, when your home is paid off, that was your largest expense. Now it's extra money in your pocket.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Get started on the American dream of home ownership today at churchillmortgage.com. That's churchillmortgage.com.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
So how was saying no the last like two weeks or so? How's that been for you?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Yeah, for sure. Yeah, we usually don't recommend selling your home in order to get out of consumer debt. But what are the numbers? How much do you guys owe in student loans? Yeah.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
How much money do you guys make a year?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
um like combined growth yes sorry combined uh let's go net how much are you bringing home so a year like 167 to 175 um my husband's an entrepreneur so it varies okay um yeah that's great but yeah no joanne i would not sell your home i would live on nothing and get this paid off in a year and a half and have your home with all this equity in it no do not sell your home no Okay.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Yeah. Because how much margin are you putting towards savings right now?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Yeah. It's it's 200 a paycheck. So. OK. And how many paychecks are you guys? I'm sorry. So 400 a month. 400 a month that you're putting towards savings. How much is in your savings right now?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Okay. My question is, how do you guys only have $400 extra a month? What are all your bills? What's your other consumer debt?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And how much is he how much is he contributing to the income? Like how much does he make a year? Out of the 167, how much is his, would you say?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Oh, so you're making majority of all this? Correct. Okay.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
He's not doing a hobby here, Joanne.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
$1,000 a month. He's bringing $12,000 a month to the family. That's a side hustle. That's what people make doing Uber Eats.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
No, your husband should make more money.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And Joanne, I would say the same would be opposite if he was calling and if he was making your kind of money and he's like, yeah, but my wife has her own business and she's making, I'd say, what, what's your wife doing? She doesn't, it's not a husband wife thing. It's just the idea that, yeah, you both have to be pulling your weight in order to do this.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And you're about to sell one of the best assets that you have. And to get back into the housing market right now is market is so difficult. So no, I would not exit out of the housing market.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And honestly, if you get. Yeah. And even if they. had no debt and they were like, you know what? This is what he loves to do, but we're able to do it because we have margin and all the things. That's a family decision. But not when you have kids in private school. Not when you have debt. And then you're talking about selling your house. No, Joanne, no. I know you called about selling your house.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
We're telling you, your husband, and you can show him this call because we could be the main people. But that's tough. I mean, if he made 80 grand... a year doing something else, you guys would have this debt paid off in 12 months.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
When you go through a job loss or job change and lose your employer-sponsored health insurance, there's no better time to try Christian Healthcare Ministries. That's right. There's another option besides COBRA to take care of your family during that time. Because if you didn't know, the cost of COBRA has gone up a lot in the past few years.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And CHM is an affordable, biblically-based alternative to health insurance. So do your own research. The CHM is a great option that's potentially a third of the price of Cobra. It's a health cost-sharing ministry that's helped hundreds of thousands of families like yours take care of over $11 billion in medical bills since 1981.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
and the support you get from CHM goes beyond helping you pay for medical bills. Members become part of a family that prays for them when they have a medical event. Try getting that with Cobra. So if you're going through a job loss, life change, or just want to explore other options to save on healthcare, CHM might be perfect for you. CHM programs start as low as $98 a month.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
So find out more at chministries.org slash budget at chministries.org slash budget.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Today's question comes from Ariel in Indiana. I'm getting ready to move in with my boyfriend and wonder how to best navigate paying bills. Are there things to look for that may not be in the budget? Do we split everything 50-50? Or can we make the house payment and the other person pay for the utilities and groceries so it equals to a house payment?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
We have discussed this in detail and plan on staying debt-free and working towards the next step in our relationship. What are your thoughts? Well, thanks, Ariel, for the question. You know, this is always an interesting one to tackle, Ken, because it's so normal, like these days, always, it's so normal, becoming more and more normal to move in together before you get married.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And I think one of the problems with that is this right here, where you're trying to act like you're a married couple, but you're not.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
So it gets things really tangled really fast. So honestly, my recommendation, Ariel, if I were to be honest, would say don't move in. See if the relationship does go further. And when it does and you guys are married, then actually be married and play house like you're married. But if you don't take that advice and you guys do move in together, I mean, I guess my advice would be to –
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
I guess you would split things equally. I wouldn't put your name on a mortgage together, though, until you're married. But yeah, if you guys want to look and say, okay, in order to run this house, it's going to cost... I'm going to make up a number, $3,000, and you pay $1,500 and I pay $1,500. I guess that's what you do.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
But I mean, that's where this gets so sticky is I'm like, I don't think, I don't know. That's a hard one.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Maybe split everything down the middle. Yeah, just down the middle.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Okay, and I'm about to sound real like a dinosaur. I was talking to some friends about this. Because we got married young. Okay, so we are on the same boat. Y'all got married young.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Yep. And we had kids early. And, well, we were married for about five years and then had some kids. And I know everyone's story is different. Everything looks different. But I think there's like this notion nowadays, which I get. I don't think it's wrong. But it's like, hey, I'm not going to get married yet. I'm going to wait until I've lived my life.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And then I'm going to settle down and get married.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And I don't know, call me old school, but a part of me is like, if it's the person, go ahead and do it. I agree. Get married young. If you can have kids, have some time together for sure, but have some kids. Be an empty nester early in life. Do you know what I mean? But there's this caution around it, which I understand because I do think not everyone's ready to get married at that age.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
By all means, I get that. You need to be ready. But there's this... This idea in our heads, I think that eventually I'll know when I'm ready or something. Does that make sense? Like I'm going to live life first.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
All right. Well, I would probably say, Carlin, correct me if I'm wrong, if I'm misunderstanding you, it would be more like four, five and six. Baby step seven is once the house is paid off and you're just building wealth at that point. So it's not really contributing to step seven. That's more of a milestone you get once you pay off debt or pay off your house, which is baby step six.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Does that make sense? Yes, that does.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Oh, you're thinking of the giving part of step seven. Yes. No, that's great. OK, so it's more the giving aspect is what you're thinking about when you say step seven. Yeah. Okay, perfect. So okay, so what I would do is that 15% of your income will be that baby step four, but you guys have that covered because you didn't even mention that. So I'm assuming that's already just you're doing that.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And then I would look to see for your kids. How old are they?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Yes. Have you spoken with a financial advisor and run those numbers to see how much will be in that account at 18 if you continue on this track? Yes, we have. Okay. So yeah, so do you feel pretty confident with kids college as it is now and what you guys have been doing? Like that that will be covered? Do you think?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
We owe 600 K on the house. Okay. So, yeah, I mean, cause it sounds like maybe except four and five, you guys have covered that you guys are doing that regardless of this money. So I would take this. Yeah. So I would take the six to seven K and you guys take a percentage. I'm going to let you pick it.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
I'm not even going to assign it to you of a little bit of lifestyle just to say, hey, we're going to enjoy some of this. And maybe that's 2000 extra a month, whatever that may be. We're going to give a little bit more and you guys can decide on that percentage. Let's give a little bit more and then everything else remaining. Let's just throw out the house.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And the more concrete, Carla, you have those numbers, once you kind of do those percentages, what feels right. And let's just pretend it's an extra, I don't know, I'm just making this up, $4,000, $3,500 extra a month you're just throwing at the house. And run out that scenario on our mortgage calculator on RamseySolutions.com and just see where that puts you guys, a payoff date.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And if that feels like, golly, that's so far, even though we know our income's going to go up, our income will continue to go up. But we kind of want to be more aggressive. Then maybe you're like, well, you know, maybe we can turn down some of the other percentages and throw more. I don't know. You can kind of play with it.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
There's really not a right or wrong because you guys are doing baby step four. You're funding baby step five. And what's really left is that payoff the house. So still splitting some percentages between lifestyle, throwing extra at the house and some additional giving, I think is great. And you guys can even change those percentages year to year. You guys get to decide that.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Even your answer is consistent. Not in principle, but in actual verbiage.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
But I think the more intentional you are on the front end, the better off your results are going to be.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
The gravy train has left. The gravy train has left.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Exciting. Okay, wait, when's the wedding? What did you say? Two months, baby comes.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Oh, my goodness. You guys have got a big three months ahead of you. Congratulations, Taylor.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Okay, perfect. And how much do you make a year?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Great. And does your new wife, will she be working?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Okay, well, that's pretty good news. Are you guys on the same page with working together to clean up this mess? What's her attitude towards that?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Wow, so that brought it down to $113,000. You were at $143,000.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Okay. Amazing. What's your, um, what's the expectation that you'll be making 30 K a month? Did you see that like every other month happening? Do you see that happening only twice, twice a year or what do you think?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Yeah, so I'm like, we'll just pretend, Taylor, just for a second, that her $40,000 and let's say this $20,000 are going to go towards that. That means you knock off basically everything and you have the $57,000 student loan left is kind of what it is. And then next month, if you make $30,000, Or 20, you know, you're going down to to 37 or 27,000. You'll have this paid off.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
I'm saying all this to say very quickly. I mean, I mean, it's pretty remarkable. So I think by the end of the year, you guys will be debt free. But I think the more important question is. for you guys as a couple, how you guys are going to do money together. And I totally understand the notion of, golly, this was my mess that I screwed up and now the money she's worked so hard to save.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
But the way to look at it really is... that we are one team. And if we are one unit, and we're going to move forward in this life together, we're going to move faster and win faster financially if we do this together.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
If we keep kind of playing this, well, that was yours, this is mine, and that's the way we do life and money, it's going to be separate your entire life, and you guys are not really going to ever be combined, and your goals are going to be so scattered, and you're not going to hit them as quickly. versus if you guys were like, hey, together, we're going to get out of this debt.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Hey, together, we're going to build up an emergency fund. Together, we're going to start funding retirement. And our goal is, you know, to have X amount in three years so that we can start traveling with the kids. You know, like you guys together are creating this life. And money is just a tool to help support that, Taylor. So I want that for you guys. I want you guys to get on the same page.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
So I know it feels like it's her 40 grand, my debt, and looking at the numbers and the math side. But I want you guys to look at it more as, hey, we're creating this life together. And what do we want to do with this, right? And so that's really the main conversation that needs to be had.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And then us combining money and going after these money goals together will naturally fall in line with this idea that we are a team. Does that make sense?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Correct. You're correct, Taylor. Yes. Yep.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Yeah, I mean, I would approach it more in the sense of like, what do we want our marriage to look like when it comes to money? How do we want to approach this together? Let's make that decision first. And then out of that, the numbers kind of start to play out. But yeah, have y'all talked about money, Taylor? Like how you guys want to handle it?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Sure, yeah. Yeah, so I think tonight would be a great night, you know? I was going to say open a bottle of wine. She probably can't partake, but you have a glass of something.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Have a glass of something and just say, hey, let's make some financial goals between now and the end of the year. And I actually because she is expecting Taylor, I wouldn't put her 40 grand on debt anyways. I would make sure that she and baby are good. So we always actually say go in stork mode when you are expecting and be keeping that savings there that.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
when they come home from the hospital and everything's good, then you press play. But until then, just hold that 40 anyways, regardless to make sure everyone's OK from a medical standpoint. And then, yeah, you guys tonight just say, hey, let's map out what we want the next year or even into the year calendar year 2025. What are some of our big goals and start running some numbers?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And it could be fun to say, OK, do we want to try to be debt free by the end of the year? What would that look like? That's crazy. But what would that look like? And start very possible. Mapping out some numbers, looking at projections and just kind of start dreaming together. And then I think it naturally will flow to here's what you have. Here's what I have.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And as we combine this all together, like this is how fast we could hit these goals. And it starts to, in my opinion, be energizing. I always think that stuff is energizing.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
You're wanting to take care of her, right?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Congrats, Taylor. It's the next fun couple of months for you guys.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Five figures, is that what you said?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And do you guys feel like, Nikki, that you're wanting to help them just because of the obvious, like it's our in-laws and we don't want them to be homeless, or are they coming and asking for help?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Well, that's not his fault or yours. Yeah, that that is then a boundary is drawn. And whoever gets mad about the boundary, that's their decision to be mad about it. And so there's there's a lot of this is so hard. This is so hard because you want to control the whole situation. You want everyone to be OK. Everyone do their part. Be an adult, everyone. You know what I mean?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Yeah. And Darlene, and you know what? And give yourself grace because I'm sure there's a level of a self-critic in there of like, what did we do as parents that, you know, ended up in this? But so give yourself grace in it. But you guys, from a financial standpoint, like you said, you have to draw that strong boundary. And. I can't wait to hear Darlene's saying.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And you're like, we're the ones being adults here making wise decisions. We're getting screwed because we are making right decisions. Now they're coming to us for money. And so I think the issue here is that when the boundary is drawn, it's not really a boundary until someone bumps up against it. And the fact that they get mad that they bump up against it. That's their fault.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And I say that with such love because you do not want a family to be torn apart by money. But you guys aren't causing that. They're going to choose that, right? And you can't control what they're choosing. And that's hard.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And if you guys had $400,000 sitting in a high-yield savings account or something, I mean, we could give them a few. And you wanted to do that? You could, right? I mean, people can decide to do what they want. But you guys aren't in a position to give a ton, right? Because you guys are still working the baby steps.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Well, I know you wouldn't. But some people are like, they're about to be homeless.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
No. Yeah. And I, and I wouldn't, but I'm saying it's not even like, I don't feel like you guys are even set up in a way that you really could help on a substantial level.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Because you guys are still working to pay stuff off and fund retirement. You know what I mean? For yourself. So that's how much do you guys make a year?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And what baby step are you guys on four, five and six?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Oh, you're still paying off consumer debt. Oh, yeah, yeah, yeah. Yeah, you don't have not a nickel. Yeah, you don't have an option to do anything right now. You don't have the money. I mean, you guys are working to pay off debt, so you don't have the extra cash.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Yeah, there you go. Being super proactive in that.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
That's so hard, though, Nicky. I'm so sorry.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And you just feel bad for the parents. Like, there is a part of you that you're like, man, you don't want to see them in trouble.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
I mean, the paradigm shift that you have to have, Jessica, is a pretty big one because everything you've been talking about so far on this call has to do with how do I live my life around having a great credit score? And actually, you called the Ramsey Show and we're the opposite. We actually don't care.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
about the credit score because primarily you use a credit score to go into more debt is what and you're finding that out when you're trying to go get a car loan they won't give it to you because you have a bad credit score you try to go deeper into debt with a credit card they won't give you a credit card because of that so living debt free this is actually a gift Jessica you don't even have the option most people listening right now could go apply for a credit card you don't have the option so see that as a blessing because I don't want an option for you you
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Even if you had a great credit score. So how do we live life debt-free? Well, number one, starting out, your biggest need is what you're saying is a car. I almost think your biggest need is maybe a new job. As a debt collector, that can't be a very fun job. So I can't even talk about that.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
I think you can do some really great work, Jessica, and I think you can work overtime. Do you have kids? Yes. I do not. So Jessica, I would make a priority right now to say here, making a very detailed budget, knowing exactly what you need in life for food, shelter, utilities, transportation. And that's about it. Like, I mean, we're just going on the basics here.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Well, are you the bank, Darlene? Have you been saying yes when they've been asking for this stuff?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Everything else is going to go to save up for a car and maybe $5,000 is your goal, whatever it may be. Because you don't, do you have, do you have any consumer debt in your name?
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
And you're fighting this whole $186,000, right? We successfully sued the creditor and it got wiped 100%.
The Ramsey Show
Credit Is a Crutch—It’s Time to Walk Without It
Because, Jessica, we have people call this show all the time, and they're trying to get out of debt. And so when we talk about getting out of debt, for instance, we say you cut everything and you work extra. And we have people – very, I mean, in a very normal rhythm on this show that are making an extra $1,000, $1,200 above their income on side hustles. So let's just make it a goal for you.
The Ramsey Show
This Is How You Take Control of Your Own Life
You spent years trying to get everything just right for your family. Now you need an easy way to make sure your important financial documents are as organized as the rest of your house. Well, good news. Knockbox, that's N-O-K box, as in next of kin box, is a complete system that helps you be sure that you leave happy memories, not a mess, when you pass away.
The Ramsey Show
This Is How You Take Control of Your Own Life
Knockbox is a simple way to organize important paper and digital documents, IDs, tax returns, insurance policies, estate plans, accounts, and other personal history in one manageable place. Your family will feel your love in every detail you take care of. So start taking care of them at knockbox.com slash Ramsey. A well-organized legacy is a gift to your family. That's knockbox.com slash Ramsey.
The Ramsey Show
This Is How You Take Control of Your Own Life
All right, Dave, you have some strong opinions. Possibly, yeah. Yeah, I think so. Okay, because you really prefer credit unions over big banks. So why is that?
The Ramsey Show
This Is How You Take Control of Your Own Life
Yes. Well, and I think we have found one that is incredible, and that's Fairwinds. They are an incredible credit union that is really out with the heart to help the customer.
The Ramsey Show
This Is How You Take Control of Your Own Life
Yeah, absolutely. And you're right. Their customer service is unbelievable. Winston and I just signed up and we got an account. And I'm not kidding. It took less than five minutes. It was so user-friendly. The step-by-step approach was unbelievable. And then the next day, my phone rings and it says Fairwinds on my phone.
The Ramsey Show
This Is How You Take Control of Your Own Life
So I answered it and talked to someone there and they said, yeah, they give... calls to every new customer. And so again, they just really care about your experience. And I so, so appreciate that. So again, you guys, I know it can be a pain to switch banks or to open up new accounts, but Fairwinds, again, they make it so easy.
The Ramsey Show
This Is How You Take Control of Your Own Life
Plus anything that you can do at a traditional branch, you can do with them at fairwinds.org or on their app. And you'll have free access to over 33,000 ATMs.
The Ramsey Show
This Is How You Take Control of Your Own Life
Yeah, you guys, it's so easy to join Fairwinds no matter where you live. So go to fairwinds.org slash Ramsey to learn more. That's F-A-I-R-W-I-N-D-S dot org slash Ramsey.
The Ramsey Show
Nobody Builds Wealth by Accident
Yeah. And this is this is jumping a little bit ahead, but something to think about because the business is small. So you guys may not. But just know small business, especially when there's a partnership and especially between brothers.
The Ramsey Show
Nobody Builds Wealth by Accident
if this thing starts to scale and you guys start doing this long-term, I would have some very formal documentation right up, even sitting down with like a business lawyer to make sure that the terms and everything, ownership, stock, I mean, anything that you guys in the future, if this starts to become,
The Ramsey Show
Nobody Builds Wealth by Accident
bigger and more long-term that you you really want to think about because sadly i think people get into this you know small business with a friend or with a sibling and it all is great and fun and then it starts to grow and then we just see anything with money or business when you're with someone close the more communication the more uh that you lay out ahead of time the less messy it gets down the road because i just don't want this to hurt a relationship down the road
The Ramsey Show
Nobody Builds Wealth by Accident
That if he feels like you're not doing as much, but he's doing it all, but yet you still have 50% ownership. But like, you know what I mean? Like just talking through all the agreements and all the situations.
The Ramsey Show
Nobody Builds Wealth by Accident
Yeah, and Isaiah, maybe one of these things you look up and you're like, hey, he can take it and own it and you can get paid out and you work for him.
The Ramsey Show
Nobody Builds Wealth by Accident
For sure. Yeah. Sorry, I have to cut you off. We're going to a break. But yeah, I would have that conversation with him. And maybe there's a sense that he owns it and you work for him making some extra money. This is The Ramsey Show.
The Ramsey Show
Nobody Builds Wealth by Accident
There's a time in your life and at the baby steps for renting, but you don't want to do it forever because when you rent, you're still paying for a mortgage, just somebody else's. Plus, rent means instability in your budget because it always goes up, never down. So when you're ready to buy, make sure you work with a mortgage partner you can rely on. Churchill Mortgage.
The Ramsey Show
Nobody Builds Wealth by Accident
Churchill is Ramsey Trusted to help you make the move from renting to home ownership wisely. Churchill understands that when you buy a home the Ramsey way, your mortgage payment will be a consistent, manageable part of your monthly budget. Plus, when your home is paid off, that was your largest expense.
The Ramsey Show
Nobody Builds Wealth by Accident
Now it's extra money in your pocket and an asset towards turning you into a Baby Steps millionaire. So get started on the American dream of home ownership today at churchillmortgage.com. That's churchillmortgage.com.
The Ramsey Show
Nobody Builds Wealth by Accident
Today's question of the day comes from WhyRefi. WhyRefi refinances your private student loans and builds a custom loan based on your ability to pay. Now, you guys have private student loans. That's different than federal student loans like Sally Mae. So learn how you can customize and refinance your loan and all your options and a lump sum payoff option.
The Ramsey Show
Nobody Builds Wealth by Accident
that you can qualify for for after 24 months. So go to YRefi.com slash Ramsey. That's the letter Y, R-E-F-Y.com slash Ramsey. May not be available in all states.
The Ramsey Show
Nobody Builds Wealth by Accident
And especially depending on who you hire to help you with it, if they want to retain her or whatnot. So I would say that. And depending on the state, I mean, divorces, depending on the state, have different clauses. And it depends really state by state. But usually with the assets, yeah, it'll be split, including the debt. And so what that looks like from keeping kids...
The Ramsey Show
Nobody Builds Wealth by Accident
like you taking the house, meaning less assets, you have to make sure the debt is all paid, but keeping the kids in school, all of that. And we get that call a lot of people that have taken on, I got this call with John Deloney last week, and she took the house to keep the kids in and she can't afford the mortgage anymore. So there's a lot.
The Ramsey Show
Nobody Builds Wealth by Accident
Money is just one factor of a divorce when a marriage ends, and it's just horrible and terrible for everyone around. But
The Ramsey Show
Nobody Builds Wealth by Accident
making sure Shannon that yeah you're setting yourself up well and that especially in something like this that the emotions don't drive all of this because that's where some people get into financial trouble is they just they want to protect the kids which makes total sense and if you can absolutely but also I want to make sure that you're doing logical things to set you up well where you will have more peace and less stress when it comes to money after the the smoke clears with this but I'm so sorry you're going through that Shannon that's just that's that's so difficult
The Ramsey Show
Nobody Builds Wealth by Accident
Up next, we have Aaron from San Francisco from the Bay Area. Hi, Aaron. Welcome to the show.
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Live from Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I am Rachel Cruz, hosting this hour with bestselling author and my good friend, Jade Warshaw. And we are answering your questions. So give us a call at 888-825-5225. We'll be talking about your life, your money, your relationships.
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Yeah, so I have a question. Her parents, yeah, it's their business. And let me make sure I understand the terms correctly. Are they needing you to buy them out, basically, for them to retire? Or are they gifting you all the business? Like, are they basically going to put you guys as owners?
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kind of an early inheritance essentially they want to you know my mother-in-law has expressed i you guys are good kids you work hard i'd like to help you out before i die and i think they're looking for a way to to do that so so they are they owning so aaron are they owning half and then you all and the brother have half so you basically have like a third third yeah um or is it that the brother has the other half and you all have the other half
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Yeah. Jocelyn, I'm so sorry. Thank you. How old are your kids? My oldest one is 18.
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Okay, so you and the brother together have to, you guys owe together 50%. So you're 25 and he's 25. How much is that?
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Yeah, I think, honestly, the cleanest way that I see going forward would be, would the parents consider just selling the business and then giving you guys part of the inheritance early in life where there doesn't have to be this ownership loop that happens? Yeah.
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doing but I mean yeah I mean I mean at that point at this point Jocelyn from the information you've given us to me this is um way more of a marriage issue. I think the effect and the symptom is that he's isolated himself with the money, which is a problem in and of itself, but it is a symptom of what's going on from the root of your marriage.
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So Aaron, there's a way that this all works perfectly and everyone's great, right? That's just a very small percentage of all the things that can go wrong. And when you start adding the layers of complexity from the parents still have 50% ownership, you have 25%. There's a brother that has 25%. It's in an industry you don't know. And you owe on top of that. You're having to pay your way out of it.
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over time and again people do this and it works but it's such a small percentage of nothing going wrong from a financial or a relational aspect and so you know what i would do it would be unfair for your wife to be cut out of a deal from an inheritance standpoint where the brother somehow gets it all because he wants to take on the debt so they're neat you guys i mean honestly with this amount
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because we're talking about a $6 million deal here.
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Nobody Builds Wealth by Accident
So I would sit down with a family business estate planner and start kind of walking through, I want multiple options for you and your wife, Erin, where there's a level of fairness within the family, but also you have multiple options of what you guys can do versus just A and B. It's too big of a conversation to limit it to two because I think there's other ways around this.
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Nobody Builds Wealth by Accident
And I would get a professional involved from a family business standpoint and estate planner. Sorry, Erin. I know that wasn't cut and dry, but I hope that helps.
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Nobody Builds Wealth by Accident
Welcome back to The Ramsey Show. I'm Rachel Cruz hosting today with Jade Warshaw. And on this show, we talk about living like no one else so later you can live and give like no one else. And so this whole journey when it comes to your money and us talking about this so often, there's a season of sacrifice of getting out of debt and saving up cash.
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Nobody Builds Wealth by Accident
40% of Americans can't cover a $400 emergency in cash. So Even getting above that step, right? I mean, like there's like these small wins along the baby steps. And then you get to a point where you actually start to get to build wealth. And within that, you change your family tree. You have options and choices with your life. You get to be unbelievably generous.
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Nobody Builds Wealth by Accident
And that's the second half of this journey. So we always like to highlight some stories of people that have...
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accomplish the first part and as they move into that second part or living in the second part of living and giving like no one else um always get to talk to them and share their story with you all and so we have rob from new york city on the line and he is a baby steps millionaire thanks for the call rob hey how's it going doing great okay so tell us your net worth right now that's about 1.1 million okay and what does that consist of
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And so, like you said, which I would agree, the context clues you've given us is exactly right. You don't have a marriage, right? I mean, like this is not a relationship where there's a partnership and there's two people doing life together. You guys have... two completely different lives is what it feels like, and you just happen to live under the same roof.
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Amazing. Okay, so for your income, what was the worst year from an income standpoint that you guys made and what's been the best year?
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Wow. Way to go. Well done. Was any of this money inherited? No.
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Wow. Both just public servants. Yeah. Police and teacher. Yeah. Rob, you guys are literally, like when we do our millionaire studies, the recent one that came out, teacher was in the top five of millionaires. And so, yeah, and you guys, I mean, that's it. Did you guys go to school? I guess she did, obviously, for teaching. Do you have any higher ed?
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So what do you tell someone? Cause you guys are in your early thirties, which again is so impressive. Um, because I think that there's, you know, it's, it's, it's hard out there. And a lot of people feel this tension of either the paycheck to paycheck cycle. They feel inflation when you go grocery shopping, like life feels expensive and just keeping up for some people just feels hopeless.
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And they're just trying to get traction. And they look at you guys as like a, Oh my gosh, I could never imagine, you know, being at that state. So what encouragement do you have for people out there of kind of the American dream that it's still this ability that you get to make choices in your life? And, you know, from a timeline perspective, it may be different for everyone.
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But what would you tell someone out there that wants to be you guys in the next 10 years?
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Which would make me get that. And I would take less to get them out quicker so that they don't get repoed because then you have nothing to offset the debt. So even if you have to take less, I would. I mean, this is more of a desperate situation because of what you're in. You know, Maya, it's kind of like, you know,
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Yeah, for sure. And what you can do to make money between now and when baby comes is going to be as helpful as possible.
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Nobody Builds Wealth by Accident
That's right. Maya, if you stay on the line, Christian's going to pick up and we're going to get you with a financial coach to even walk with you through some of this because there's a lot here. And with a baby coming, I know it's just life. It's difficult. So hopefully that helps. Thanks for the call.
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Nobody Builds Wealth by Accident
And my worry is that he has a level of control and power over you, Jocelyn, that is so scary and unhealthy where you have no options or choices. So I think one of the best things you can do is... put yourself in a position where you have options and choices. And so where that starts from a tactical standpoint is money. Cause like you said, like I, I'm a stay at home mom.
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When it comes to your insurance, bundling home and auto is usually a great start to saving some money. And our Ramsey Trusted Pros actually will shop the market for you and compare insurance quotes so that you don't have to. Your pro will compare pricing, discounts, and bundle deals for you with no extra cost. So that will save you a ton of time.
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and money which is great and when you work with an agent that's what they do for you and our ramsey trusted pros they're interviewed they're vetted and they're coached to make sure that they are market experts and have your best interest at heart so to get connected with an insurance pro that again is going to help you shop insurance the right way make sure to check them out at ramseysolutions.com slash bundle because that's one of the easiest ways that you're going to be able to save money
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on insurance and the cost when it comes to bundling your policies so to get a pro in your corner and to check out the pricing go to ramsey solutions.com slash bundle or click the link in the description if you're watching on youtube or listening in a podcast on podcast not in it i guess you could be in a podcast on a podcast there you go all right next we have joseph in lafayette hi joseph welcome to the show hello thank you for having me absolutely how can we help
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OK, so it's more out of a desire, not a necessity. It's not like something is going awry relationally. And it's like we got to get out of here for the health of our family. There's not an urgency to it necessarily. It's just a deep desire of like, I want to be on my own. Yes, ma'am. OK, perfect.
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I don't have, I don't have money. And so it starts to be very, very hard lines for me of you either give me full access to our money, um, Or there's going to be a more intense step of something else. And I think, Jocelyn, I mean, and again, this is your decision.
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so how much um how much extra do you guys have a month if you were to try to say okay yeah what here's what we would probably rent for um have you guys put that into a budget just to see what that looks like paying i have paying off the loans still like if we were to move instead of paying off the loans i'd be like negative 350 every month how much are the loans
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Okay. How much are you guys paying? Are you paying anything or are they letting you live there for free?
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How much do you make a year, Joseph, you and your wife combined?
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Nobody Builds Wealth by Accident
Forty four thousand. I was going to say, I mean, you have eight grand of debt. It's not. Yeah.
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Nobody Builds Wealth by Accident
Three. Okay. Because Joseph, I would say, what do you do for a career?
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Nobody Builds Wealth by Accident
OK, because 44 grand, you know, with a family of five before taxes, before taxes, you know, I mean, yeah, you guys are running on a tight ship. And so to just I mean, I'm going to say as the kids get older and as you guys start looking, because eventually, yes, the goal is to own your own place one day. You know, there it's it's either going to take.
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Nobody Builds Wealth by Accident
And I always, these calls, I feel like a lot of weight and responsibility because we'll get off with you here in about three minutes, Jocelyn, and you're going to have to make these decisions. So what I am sensing and laying out for you, this is life changing. And I want to just be careful of how I even like... But I would be setting myself up possibly for a new life.
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Nobody Builds Wealth by Accident
It's going to take longer, right, on a $44,000 salary. Or if she decides to pick up some work and do something from home to bring in. I mean, even a thousand bucks a month or something to help kind of speed this up as well, right? I mean, I think that's what's always, you know, difficult in a situation is, you know, we are all for stay-at-home moms. Like that is not a slam against her.
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Nobody Builds Wealth by Accident
I mean, I think that that is incredible, absolutely incredible. But when you make one choice there, then other choices, you know, so she has to understand too that there's a reality of what you guys make every year and what you bring in a month, right? And there's a reality of what you can afford. And I don't want you working 80 hours a week to be able to own a home.
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Nobody Builds Wealth by Accident
There's a reality, too, to your time and enjoyment of life. But that's a reality she needs to realize. So even though I know she doesn't like being there, there's a math issue here, too.
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Nobody Builds Wealth by Accident
and yeah homeschool okay yeah yeah which is great so I think that you know and you guys do a budget together I mean I'm assuming she sees all these numbers we just started like I just discovered the Ramsey solution okay two three months ago oh awesome well you guys make great progress well done that's awesome so and and how old are you guys you may have said this
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Well, and the positive thing is too, Joseph, if this was the case and you guys were in your late 30s or something, I'd be like, okay, we got to keep moving. But you're young in a sense that you will only be moving up in income from every year you should progressively be making more. And that's the positive. So it may not happen as fast as she may want it, but also they're...
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Nobody Builds Wealth by Accident
you know i would make it a goal though to at least get out i understand what she's saying and become you know your own crew somewhere and renting but buying a home and all of that it may just take a little bit longer yeah that's true that's true yeah i i understand that and like i hope she does too it's just i don't want to break her heart because she was like we need to move we need to move well you're not breaking her heart math is breaking her heart because she's not living in reality i mean
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And she can be sad about it. And that's appropriate too, right? Where it's like, oh my gosh, I want to be gone out of here. And this sucks and I hate it. But you know what? Grownups, we all do things that we don't like. But I would say, again, hear me say, we are pro being on your own.
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Nobody Builds Wealth by Accident
Even if you were a single guy, Joseph, and you were 24, like, hey, Joseph, how can you get out of your parents' house, right? So for the time being, you guys are on a plan and have an end date as well. This would help her too. When you actually look, because you said we can be done in six months. And, you know, it's February. So what is that? August-ish or so.
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And make it a plan to say, okay, by September 30th, we are renting a new spot. October 1, we'll be paying rent for a new spot, right? And you guys together need to be at the timeline and have that end date because that's going to help her. If it's this just like forever, we're going to try. We'll see. that ambiguity, I feel like stresses people out. And I understand that in her case.
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Nobody Builds Wealth by Accident
People stay in marriages where they're unhappy, but it's one thing to be unhappy in a marriage. You go through the ranks, you do what you can. It's another to have no power or control over your own life where they've taken that from you. And I feel like that's what he's done where you don't have...
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So have a plan. And then you guys, yeah, rent. And then again, I don't know, there's a reality too for her to realize. I mean, you guys are in a great spot, a situation to pay off this debt fast versus having to pay $800 in rent somewhere in Lafayette. So that's what I would do. What do you think, Jade?
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Yes. Or you're sacrificing by choosing to be home and homeschooling, which again is great. But then you're sacrificing homeownership down the road. That's also true. And that's the thing, right? You guys just have to look at the math and the values of your family, Joseph, and that's what you want to drive you. But math has to be a reality that we have to live in, that we can't just
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want something and it just happened that's that's not being a grown-up either so I hope that helps Joseph but you guys are killing it I mean you guys have made so much progress already so keep up the great work
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Nobody Builds Wealth by Accident
Anything and everything, we are here for you. So first off, kicking us off this hour is Jocelyn in Lubbock, Texas. Hi, Jocelyn. Welcome to the show. Well, for taking my call, how are you doing? We're doing great. How can we help?
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freedom to make even a decision to leave at this point because you have no access to money or information beyond that. So I would be getting myself in a position for you to get access for the money, not only just to heal the marriage, which I hope helps, but it just doesn't, to me, it seems like there's less hope of that turning around.
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Nobody Builds Wealth by Accident
Every quarter, our research team sends out a survey to listeners of this show, but also just the general public, just to get a pulse on what's going on when it comes to personal finance in America. And our Q4 results are in, and they've taken everything, all the data people. They're so good at it. They are good at it. And they figure out all this stuff.
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But we have some highlights from the study, which we just think... We think are interesting.
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Nobody Builds Wealth by Accident
So the first one is that saving money was the top New Year's resolution for Americans. Saving money. Yeah, I get that piece.
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Nobody Builds Wealth by Accident
Yes, for sure, 37%. One in four U.S. adults plan to use their tax refund to treat themselves, whether it's travel, clothes, eating out, or something more. Which, caveat, y'all, if you're in debt and you don't have savings, use your tax refund for that stuff. When you get it and adjust it so you don't get a big refund. I know, right? That's so funny to me. That's that Disney money right there.
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Nobody Builds Wealth by Accident
We did a Costco run two weeks ago. I don't even want to tell you. It was terrible. Absolutely terrible. I thought, oh my gosh, if I spent this on clothes, I would have.
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Nobody Builds Wealth by Accident
Nearly six in 10 American adults said weekly meal planning is an essential task, but 44% wish they did it better. Well, six out of 10, 60%, that's pretty good because back to this grocery thing, eating out, food in general is always a budget buster. So grocery shopping for sure. But if you don't plan for it, you end up going to a restaurant, getting to go.
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I mean, it just ends up being like the catch-all where you end up spending more doing that.
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Nobody Builds Wealth by Accident
Like I should probably eat Brussels sprouts, but we don't do it.
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Nobody Builds Wealth by Accident
But meal planning, do you find, I, this is like, it's a love language to me.
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I feel in control. I'm like, I know exactly. Tonight we have spaghetti and meatballs. Yesterday we had chili. We plan out exactly what we're going to eat every night. And it feels good.
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Yep, absolutely. Okay, 45% of Gen Z and millennials said that if the government increased the child tax credits, it would be a big or moderate impact on their decision to have a child or additional children. That's 45%. That's a lot. And we're going to have a kid or not. Depends on the tax credits.
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and probably more of a reality of you realizing, oh my gosh, I have one life to live. And unless he's willing to do intense work in therapy and us walk through this together, which I would pray, that's the best outcome. But would he ever do that? Would he ever go through it? Not for money, but for your marriage, a marriage-intensive therapy. He's very passive. He's really what?
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gives us some humanity. That makes me feel good about people. All right. 30, the last one, 33% of Americans said that it's acceptable to borrow money from the person you're dating to pay a bill.
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Nobody Builds Wealth by Accident
Do you think it's different between guys and girls? If a girl comes to a guy- It shouldn't be.
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Nobody Builds Wealth by Accident
It's way less attractive for a guy to come to a girl for some reason for money than a girl to a guy.
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Nobody Builds Wealth by Accident
Well, I'll go back to one, though, Jade, with buying a home. And they want to have the interest rate drop, which, again, makes sense. If it's around 6.1% right now and they want a 4.5%, almost a 2% drop. Yeah. It does. It saves you a ton of money in the long run. But let me tell you guys, get in the game if you haven't already.
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Nobody Builds Wealth by Accident
Like, if you have the ability to buy a house, meaning you are out of debt, you have an emergency fund, you have at least 5% down. Yeah. and your payments, no more than 25% of your take-home pay on a 15-year fix. All the parameters are there. Don't sit and wait on an interest rate because you can always refinance later. But you don't have control over that.
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But getting in the market as soon as possible, I really think is a good bet because, Jade, as we've seen it, the housing market, it's not shooting up. Prices are not shooting up like they were three years ago. But they steadily are still increasing. Yeah. That's right. A small percentage. So it's just going to get more and more expensive. So if you have the ability to get in, go ahead and get in.
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The earlier, the better. And again, I want you to be financially ready before you do so. But if you have any questions around housing, go to ramseysolutions.com slash real estate. And we have so much information on there, you guys, because again, buying a house is a big part of your financial plan.
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And we want you to be set up well with the information and with the people around you to be able to make that as smooth as possible. All right, up next, we have Lisa in Raleigh. Hi, Lisa. Welcome to the show.
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And what do you take home from that? If it's grossing, what's the profit of it? About 200. Good for you. Great job.
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Okay. Oh, congratulations. Do you guys have any retirement, any Roth IRAs, any 401ks, any mutual funds, anything?
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And that's what you guys make a year total household because he's not working. So are you guys living off of $200,000? Yes. Okay. What are you doing? Where's the 200 going?
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And we're going to retire soon either, Lisa, unless you have a plan to sell the business. You guys could downsize and put some of that money in investments, but my fear is, Lisa, your habits haven't changed when you do that, and you guys will blow through that money. So I would sit down with an investment professional, a trusted pro, and really look at this retirement.
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Well, if you planned it and said, I have a therapist and I want to go every Tuesday for the next nine months with you at three o'clock every Tuesday, would he go?
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Nobody Builds Wealth by Accident
If you hold on the line, Christian will pick up, and we'll direct you where to go. Thanks so much for the call, Lisa.
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Nobody Builds Wealth by Accident
If you're wondering if you are staying on track with the baby steps, make sure to check out our quick quiz. Check your progress and receive a personalized plan just for you. So go down and click the link in the show notes. Are you on track with the baby steps and complete the quiz? And I'll just give you a quick snapshot of where you are financially. All right.
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Up next, we have Edward in New York City. Hi, Edward. Welcome to the show.
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So what's that property? Oh, you sold it. You sold it.
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Nobody Builds Wealth by Accident
Amen, Edward. Say it louder for the people in the back, as they'd say.
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Nobody Builds Wealth by Accident
Okay. Here, can I pause for just a second? Let me get a little bit more. So the one that burnt down, what's the status on that?
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So when it's, when it's built out, are you planning on keeping it as a rental or are you going to sell it? I'm going to rent it. Yep. You're going to rent it and keep it. Okay. I mean, I think my, my, my next goal for you, Edward is a, is a home for yourself is a primary residence.
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Well, again, I mean, I would be putting my next financial goal, because you don't have any debt, correct?
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You have an emergency fund in place. You have this rental. I mean, again, from a goal of getting yourself, not trying to play some game with the real estate market, but just truly trying to get you in the best position, Edward, financially. financially, is going to be owning a primary residence and paying it off as quickly as possible.
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And then beyond that is kind of when we factor in looking into real estate as an investment. Because it is a great investment, but also doing it in the right order, I think, is key. It brings, I think, more stability and peace to you.
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And live in that townhouse, be completely debt free. Then, yeah, then you can look and say, okay, is there another rental I want to do? I would not do 44, you know, how far is, how, how far is this from Pennsylvania? Yeah.
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Yeah, I mean, I wouldn't, Edward. I mean, I think that's going to be exhausting and it's not going to be, I mean, it's not a ton. So I think you could save that money. Yeah, I would only make maybe $450, $500 a month.
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It'll be brand new this summer. I'm going to be honest, Edward. You're putting, to a degree, your financial, not your financial future, it sounds so dramatic, but your decisions about your finances in the hands of a girlfriend. Not your wife. You know what I mean?
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So there is, just remember that. I mean, because honestly, Edward, if you thought about it, just play out a scenario. What Jade said was brilliant. That paid off. What if you lived in there? You had no rent, right? Like nothing. And you're making, how much are you making a month? Just $4,400. Yeah. Yeah.
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So you're making that, you live off that and put some in investments, put some away, have a goal for a property, like run some numbers out of what life could look like. Because when you don't have a mortgage, Edward, that is the largest expense in somebody's line item of a budget. I mean, it is. Your living expenses is always your home, whether rent or a mortgage is always the highest.
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And then I'm going to go get some, you know what I mean? And I can step up in-house. The way people step up in a car, you have the ability to do this kind of from a home perspective. And just because the girlfriend doesn't like it, I mean, I wouldn't put a lot of stock in that, honestly. And I don't know.
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Yeah, we always say no to that because of the headache, the hassle. You don't have eyes on it. You end up honestly paying a property manager most of the time.
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Nobody Builds Wealth by Accident
And for the most part, you're not getting a lot out. And as you'll see with real estate for most people, you're either making money on a flip, buying it low, selling it high, making the spread. And you have to know what you're doing if you're doing that and or you're buying property and you make your money at the table, right?
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Nobody Builds Wealth by Accident
When you're buying the property, that's usually where you're gonna make the money. And then you don't make a ton of money off the rents. Like that's not what's gonna make you rich. It's the value of the property increasing and selling it eventually. and taking the equity, right? That's where you're really going to win. So having a rent is not, that's not the mindset I go into.
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Nobody Builds Wealth by Accident
Yeah. So, I mean, if I were you, Jocelyn, you need somebody, I think a professional in your corner and go get individual work for you. Because like you said, you're harboring and holding a lot in life towards him, which makes complete sense why. And then I think over time, it's going to get more and more clear of what you need to do, either pressing more into the marriage or not.
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Nobody Builds Wealth by Accident
It's either I have this and I'm holding it and I'm going to make the money off the equity, off of the value of the property long-term, or I buy a crappy, you know, $44,000 property that you can see. And if you're into it, Edward, and you're like, yeah, I mean, I could get some subs in there. We could fix it up and I could sell it for 125. You make some cash that way, right?
The Ramsey Show
Nobody Builds Wealth by Accident
yeah he said that's not oh that's not but yeah yeah so that yeah those are the two ways i see okay yeah that's the way i see the um the investment on real estate it's either doing it with cash and you get some short-term gain from a from a flip which again know what you're doing if you're doing that uh what you're getting yourself into or when you're doing it it's more for the long game of the equity
The Ramsey Show
Nobody Builds Wealth by Accident
And let me encourage you to, you know, like in 10 years, maybe this is a game you end up playing, but maybe you just invest for now, you know, build up some money that way and then taking that and doing some real estate later down the road. It doesn't have to be today, but, but you're doing great, Edward. I mean, you're, you're in a great spot. Jay, thanks for a great hour.
The Ramsey Show
Nobody Builds Wealth by Accident
Thanks to all the guys in the booth and thank you, America. This is the Ramsey show.
The Ramsey Show
Nobody Builds Wealth by Accident
But I would be making some hard lines to at least have access to the money. You have to have that. In my head, I mean, that needs to be your first step.
The Ramsey Show
Nobody Builds Wealth by Accident
Yeah, they do. Delete.me actually goes in and removes your information from data broker websites. And it is an incredible service that everyone needs.
The Ramsey Show
Nobody Builds Wealth by Accident
That's right. And then once they remove your information, then they're going to send you a detailed report telling you where they found your information, when they removed it, how many hours they've saved you. I mean, it is incredible. So detailed and it's beautiful.
The Ramsey Show
Nobody Builds Wealth by Accident
Absolutely amazing. And Winston and I now get fewer texts, weird emails, spam calls, all of it.
The Ramsey Show
Nobody Builds Wealth by Accident
It's amazing. So again, that's joindeleteeme.com slash Ramsey. Make sure to check it out, you guys. Well, tax season is right around the corner. And one of the best things that you can do for your finances is to get a good tax pro in your corner that you can trust. This is one of the areas of money that can be very confusing. And so making sure you do it right the first time is important.
The Ramsey Show
Nobody Builds Wealth by Accident
So having somebody that you know is able to help you is really, really key. And so, yeah, these tax pros are going to really help you figure out the best moves for your situation. especially if it's a little confusing. If you have a small business, if you've had major changes this year, if you've moved, had kids, got married, you know, all the things.
The Ramsey Show
Nobody Builds Wealth by Accident
So go to ramseysolutions.com slash taxpro to find CPAs and enrolled agents that have been vetted by the Ramsey team. Again, that's ramseysolutions.com slash taxpro. Next is, is this Isaiah? Yeah, from San Antonio. Hey, welcome to the show.
The Ramsey Show
Nobody Builds Wealth by Accident
Absolutely. Thanks for calling in. How can we help?
The Ramsey Show
Nobody Builds Wealth by Accident
which i uh like i don't know maybe like uh two thousand dollars okay max so go ahead rachel uh for your household for you guys as you said you have a lot more responsibility because you've moved out you guys are on your own um how much does it take to run your household per month have you guys done a
The Ramsey Show
Nobody Builds Wealth by Accident
So I think what would, what would be driving this for me, this decision is number one, knowing and doing a detailed budget. And before you get off the phone, we will hook you up with some stuff to, for you guys to sit down as newlyweds and figure this out.
The Ramsey Show
Nobody Builds Wealth by Accident
Um, because you know, you, if, so what would drive me number one is making sure that I, we can cover everything we need from food, utilities, um,
The Ramsey Show
Nobody Builds Wealth by Accident
transportation all of that um and do you guys have any debt no ma'am neither of us have any debt okay great yeah so just knowing hey this is what we need to live off of can we live off this with me doing this small business and you and your wife working and if this is a small business the other caveat is is this where you want to be long term like if you looked up in five years do you want this business to grow is this what you want to do is this what you enjoy
The Ramsey Show
Nobody Builds Wealth by Accident
I didn't know if there was something you were doing that was a passion and you were like, this is what I want to do for the foreseeable future. But if it's kind of like, it's fine and it's fun to run a business and you can make more somewhere else.
The Ramsey Show
You Can Still Escape the Debt Spiral Before It’s Too Late
Yes, I have, George. Sketchy and never trust them.
The Ramsey Show
You Can Still Escape the Debt Spiral Before It’s Too Late
Yeah, they do. Delete.me actually goes in and removes your information from data broker websites. And it is an incredible service that everyone needs.
The Ramsey Show
You Can Still Escape the Debt Spiral Before It’s Too Late
That's right. And then once they remove your information, then they're going to send you a detailed report telling you where they found your information, when they removed it, how many hours they've saved you. I mean, it is incredible. So detailed and it's beautiful.
The Ramsey Show
You Can Still Escape the Debt Spiral Before It’s Too Late
absolutely amazing and winston and i now get fewer texts weird emails spam calls all of it i love it so you got to be sure to check them out ramsey fans get 20 off their annual plans just go to join delete me.com slash ramsey that comes out to less than nine bucks a month super affordable it's amazing so again that's join delete me.com slash ramsey make sure to check it out you guys
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
You and your family. Where are you guys? How are you guys?
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
So to say that you have an extra spare $75,000 in a high-yield savings account to help your dad when he needs $200 a month, that's non-existent. Like, you guys are paycheck to paycheck. You're starting to build a $1,000 emergency fund yourself. So... So it's even so. So what my advice, Oscar, to you is this and even more because of where you are financially. Right.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
I mean, I think there can be a different discussion. And we talk to people on baby step seven. They've paid off their house. They've accumulated wealth. Like, listen, my dad's in his 80s and he's terrible with money. And I got to help and I'm going to help. And like and that's what they choose to do. Right. A very conscious decision. It's not being burdened upon them.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
They just decide that as part of what I'm going to do with my legacy and my money. You, Oscar, on the other hand, I mean, you guys are not in a financial position. You're trying to save a drowning person while you yourself are trying to keep your head above water. And it's causing that much more, I would say, probably bitterness and strife. Yes. Which is very understandable.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Yeah, and it's him spending it. There's no guarantee that he's going to pay for it, right? The bill. I mean, there's a chance he doesn't. And then it's stuck under your name, and you're completely liable for that. So how has he gotten access, Katie, to your credit cards? Are you giving it to him? Yes.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
So, I mean, this is always such a hard conversation because I think the parent-child relationship, especially as adults, is very difficult. But what I would say, because this is the truth, is... and I'm going to butcher the quotes, and I even hate to try it. I wonder if it's the one I'm thinking of. It's about the fish, right? Don't give a man a fish. Teach him to fish. Yeah.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
It's the idea that, like, Dad, I want to sit down and help lay out. And you could say, Oscar, I'm starting this process too, Dad. Like, I'm starting to realize, gosh, I have to get my finances in order. And here are some things that I've done, Dad. I've realized, okay, here's my income. We've created a budget. My first goal is $1,000. Like, you could tell him what you're doing and say –
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
And if you want that, I would love to sit down. And this is if you want to, Oscar, but I would love to sit down and help you get on this plan as well. Because ultimately, this is just a few hundred bucks, right? I mean, again, he's not asking for $10,000 a month. So it's just these little pieces of discipline that may be hard for a 60-year-old to restart.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
But that's where I would start and say, I can't give you any more. I don't have it. And that's the honest truth, Oscar. You don't. I don't have the money to help you. But I would love to sit down and walk you through kind of what I'm doing. And let's see together if you can now get in a position where this isn't, you're not short a couple hundred bucks a month.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Yeah. Leah, tell me about your schooling. So you're starting a new semester, I'm assuming. How are you paying for school?
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
um through financial aid but i am taking um a semester off to take a break with court um because it's going to be very stressful okay okay um do you see and do you know um from where you are within the divorce like i don't know this is a hard question to answer is there is yeah is there like a an end date that you see do you think okay yeah we have a couple more of these so it'll probably be in the summer or do you think like it could be a whole other year or two
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
She's seven. She's seven. Okay. So she in school then during the day. Okay. So childcare and all of that is okay.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
And Leah, working 20... So you're working 20 hours a week. Are you able... Tell me about like your monthly expenses. Do you feel like you're able to cover those and you're basically at zero at the end of the month? Are you behind? Are you ahead? Do you have margin kind of where you are compared to your salary versus what you make versus your expenses?
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Yeah, and Leah, I would probably take on, because you're making great money for 20 hours a week. I mean, that's, you know, and I would, if you're taking a semester off, I was thinking of taking on more clients. Yes, and I would, Leah. I mean, I would say like this whole semester, like I'm going to work more than probably I've ever worked because I think these goals are really big, right?
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Totally. So, Katie, just so you know, so that you can be armed with some of that knowledge and education, the only reason you really need a credit score is to go into debt. And we really do believe the best way to win financially is not to have debt, is not to go into debt. And the biggest piece of debt that people get into that they're like, no, I have to have a credit score for is a home, right?
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
To have some cash for a car. The first goal is to get $1,000 in the bank, which you basically have. And then the next goal would be pay off debt, but you don't have debt, which is amazing. Mm-hmm. And so then the next would be an emergency fund. But part of that is knowing if big life things are happening like a car or fees for an attorney, right?
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Like all of these things that I would want a big fund. And this could also be your emergency fund, right? You could have a savings goal. But to know that I need some cash in the bank ASAP. And so I would have enough in there for three months worth of expenses. I would have enough in there for a new car. And that could be a $7,000 car, Leah, right?
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
I mean, it doesn't have to be a brand new, beautiful car. And then think about when you sell yours, you know, that adds to that. I would kind of average out attorney's fees, what would make you feel good, right? And I would just have a big emergency fund. That would be my very first goal before investing or anything. And then once you have your feet under you saying, okay, yes, I have my car.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
I'm in good shape transportation-wise. I have some cash here for an attorney. I have some cash in the bank for an emergency fund. then we can start thinking about the future. But until then, Leah, I would just get some cash in the bank and I would not invest it. I would just keep it in a high yield savings account.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Again, with the goal to get three months worth of an emergency fund along with a car and attorney's fees, which is thousands of dollars. I mean, what I'm saying here is like- This is long term. You know, this is this may take you a year to do, which is fine. You're you know, and then there's plenty of time for investing and catching up with all of that. But I would do that.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
I think that would give you a lot of safety and security. And again, the beautiful thing about this is that you have the time like you were just working 20 hours. And if you just doubled that. I mean, think about, you know, you would be bringing home, you know, close to, you know, without child support, close to $6,000 a month. That's excellent. You could do this.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
And Leah, kudos to you and all the single parents out there because that is one of the toughest positions to be in. And when you have full-time custody... For sure. And you are the only one in charge. And I mean, it is so much work and it is so exhausting. So from mom to mom, I just commend you and the single moms out there. And so you're doing... an incredible job.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
The fact you don't even have debt, Leah, I'm like, you're doing great. So just keep up the work saving.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Today's question comes from Erica in California. We are currently in baby step two. My husband and I both grew up in homes where our parents never discussed money or taught us how to manage it. We have two kids who are in their early teens and I wanna teach them how to be smarter with money than we ever were.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
So when you go and apply for a mortgage, they will pull your credit score, but you can do what's called manual underwriting. So you can actually get a mortgage without a credit score still. Now, places will pull your credit report, maybe if you're applying for a cell phone or maybe for work or something.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Being so new to this and still figuring it out ourselves, I'm not sure how to go about teaching them. When my son got his first job, we opened up a bank account for him and he has a debit card. I have noticed he is purchasing things that I think are silly, but I don't want him to feel like I'm constantly nagging him for what he's doing with his own money.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
How do you teach him to budget when he doesn't necessarily have recurring bills every month? I'm overwhelmed with my own stuff and trying to teach him something I'm figuring out at the same time.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Yeah, I agree. And I would say, too, that when you are under the roof of your parents, right? And I think about growing up. I made money mistakes. Like, I spent my money on stupid stuff, like, that I know my parents thought, like, that is so dumb. And I was the kid that if I had money, I was going to spend it. Like, I would go get silly putty from, like, an aisle.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
But if you don't have a history, all you have to say is, yeah, I've never borrowed money before and debt's not a part of my life. So you actually can go through life. And this is a big piece of misinformation. A lot of people believe you have to have credit in order to do things, but you really don't. Now, you have to have it to go into debt.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Just to buy something. I mean, I genuinely was just such a spender. And I remember sometimes making comments, but they did such a great job, Jade, of letting us make those mistakes. Yeah. Because you realize that even as an 11-year-old, you could do something and buy money, you know, buy something with money you've earned and then realize like a few days later, oh, that wasn't fun.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
And I mean, you do, you experience these lessons. So where something may feel silly to you, maybe it is, maybe to him it's not because he's 15, 14 years old and you're not. But I would say let them experience these emotions themselves because the more
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
life experience they have around money themselves even as teenagers even if they don't have recurring bills any of that is teachable moments so when they go off on their own they're not experiencing those emotions for the first time at 18 years old they've already experienced it at 11 12 13 14 so again i wouldn't be legalistic about it i do think some parents uh and i'm talking to some of you ramsey fans out there who are very hardcore and you're just like no and you're so legalistic and then it drains your kids yeah yeah
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
So there's a lot of grace in this, a lot of life to kind of give and take. And they're going to learn. You're going to make mistakes. You're not going to be consistent so much. They're not. I don't know. It's just a part of life. I'd agree. But I think the fact that it's present of what you're saying in conversation and in the household is the most important thing.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
But we, again, that finish line, that start to finish of building wealth, debt does not need to be part of the picture. So what Jade was saying earlier,
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
is exactly right i would i would cut up all the credit cards katie any credit card in your name i would cut up and and for you um to keep everything separate and you guys are already kind of combining you know purchases and all of that i would keep your income with your expenses his income with his expenses very very separate and then later on the road if you guys get married then that's when you want to combine them but yeah
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
So we're talking about... Wait, wait, John, no. One month.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
How much debt do you guys have, John?
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Do you have any savings, any cash on hand?
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Yep, yep. Okay, well, delaying it one month is not going to, that's not going to completely, you know, change your life at retirement. Like you said, a million dollars. Yeah. $7,600 from 30 to 60, just that amount with compound interest is not going to equal a million dollars.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Yes Okay, I see what you're saying Well then I would just I would go ahead and just pay off the debt And put some cash in And then I would do that And then go and do a Roth IRA And max it out at $7,000 And then you're probably going to You're going to end up even
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Until then, it's a very dangerous game that you guys are playing, not just on the credit score game side, but the fact that you have this other individual that legally you have no attachment to, right? I mean, from a legal perspective, there is no marriage.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
During those years to keep you guys going.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
And we take the calls, Katie. I mean, which, of course, we're calling...
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
show for money so we get all we get all different kinds of calls but we get the calls that are hey my boyfriend broke up with me i can't find him now he blocked me and he racked up ten thousand dollars on my credit card he said he was gonna pay it and now what do i do and then that katie we would have to say to you well you gotta pay it because it's under your name so it's just saying it's a big risk that's what you're taking and i understand maybe his intention was good trying to help but um but it's but it's not helping
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Yeah, for sure. When did you find this out, Beth? About two months ago. Okay. And there's no money in the retirement. And it's because, I just want to clarify, that he's been spending it throughout the years. Or did he take a massive withdrawal and spend it in the last year? He's been spending it throughout the years. Okay. So he's just been dwindling it down.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
And now you guys are 62 and you don't have anything.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
And is that because of the mortgage, the refinance, or is this consumer debt? Consumer debt. Okay, break that down for me. What does that consist of?
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
$127,000. And real quick, let me ask, where did the $50,000 and the $77,000 of credit card, what did that go to? Was that just lifestyle because he's been out of work for three years and you had a health issue? Like, was it going to bills and keeping food on the table? Yeah. Okay.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
I would get your own checking account, which we rarely say this. We're the show that's the opposite. But in a situation like this, this is when things come up. that literally he's driving you guys with his pattern of behavior over 30 years with no flag for change is going to continue to go down this lane. And that's not going to be healthy for you.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
And so if I were you, Beth, I would talk to him and say, until trust can be built back and I see a new pattern, we're separating our finances because it's a symptom of how our marriage has been. And again...
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
we don't have time to dive into that, but I bet if you will stay on the line, Kelly's going to pick up and I'd love to put you with a financial coach because, um, there's so many things to untangle here, not just from the financial perspective, but also the relational perspective. And Beth and I want you to be protected. I do.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
And I, and, and, um, this is, this is really difficult and I'm so sorry. And I hate that we don't have the time on the show to, to, to dig into more, but, um, but if you hold on the line, Kelly, you'll pick up. Um, but I'm so glad that you called.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
And where are they now? Um, they're in Uganda. Oh, okay. Okay. And you don't, and you're saying you, they could come next week, next month, next year. You're not sure is what you're saying. Yes. Okay. We're not sure. How much money would it take to have a deposit for an apartment?
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
$16,000. Is that your last debt? Yes.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
How did you guys meet, Gigi? Sorry, I'm just, I'm curious. Oh, no problem. We met through missions. I would be missionary. So you were over there and you guys met, fell in love.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
You're going to laugh at me, Gigi. The reason I'm asking is we've gotten two calls on this show with people that have met online.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
and it's been like a it's been like a scam thing and we've had to follow up with them and like help with the all this so for a split second that came in my mind i'm like you have met him in person right gg oh my gosh i was that funny i did have that thought though because that is funny that has happened twice on the show okay so so he's a real guy you know he's real yes i know just i'm just asking just asking how you met we've been married for three years beautiful it's beautiful five month old daughter okay it's great
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Um, so yeah, I, yeah, I would make it because there is, if they came, I mean, you guys could maybe last a few weeks at your mom's, but you're saying like, there's no room. There's no room. Yeah. So, um, and how much is your car payment a month? How much are you paying on that?
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
um 360 okay because there's always like this balance of you know paying off the car quickly because that frees up that car payment plus what you were paying on the debt and it kind of just snowballs into more money every month to put towards that apartment um so i would i mean um yeah the price that that priority is tough um but part of me feels like
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Your food, shelter, utilities and transportation. And so when they come over, you guys have to have a place to live. So that would be...
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
right in a in a level of priority so yeah so you could go ahead and just save up like you're saying jade in six months you'll have that set it aside and then and if you had to gg you know you could be like godly i i'm so close to paying off my car i can go grab out of that account a few thousand dollars you know if you're that close right so it's it's still your money um but it would in that case could be considered a four one of your four walls
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Yeah. And Gigi, are you good with all the fires and stuff going on right now?
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Well, I would include him working at that point. So you'll be having more money. So that significantly should go down. And you guys should make that a goal to go down. So yeah, it doesn't change whether you're debt-free or not. Housing in general should be around 100%. a fourth of your take-home pay. But I would add his job and his income in with that. Okay.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
And from a lifestyle perspective, you know, L.A., it's just very expensive. Yeah, it's tough, you know, from a yeah, just the standard of living and the and what you're paying for things. You're in a very expensive area. Southern California is so.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
So to Jade's point for your overall and this could be, you know, maybe something you guys think about, especially if you're looking to buy a home and this will be in a few years. This is more long term thinking, Gigi. But there is that conversation that people are having with a family and just saying, oh, my gosh, like we can't live the level of life.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
and have the margin and the freedom to do things we want where we are geographically. And so people are having those discussions to Jade's point. So that may be something you guys talk about later once they get here and you guys kind of get settled. But that's a reality for a lot of people.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Yes, for sure. Yeah. And it does it. And what's hard, too, is a lot of people and based off of calls we've had recently, you know, that they base it off of a two income. It's kind of what we just did on that call. And the danger, even with that, sometimes it's just always something to keep in mind is that, you know, they have a baby and you realize, oh, I want to stay home. But where you live.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
It's a two-income household to keep that standard of living. And so when you make decisions like that, it kind of uproots and changes a lot, which is fine. But you have to be thinking about all of this.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Yes, there's been, I would say, good towards the consumer when it comes to mortgages. So we are seeing a trend that mortgage rates are going down and they're expected to keep dropping in 2025. So rates on a 30-year fixed rate mortgage fell to 6.12% in late of 24 and they keep decreasing.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
and they're not going to go back to you know two to three percent rates like they had pre-pandemic which was beautiful yeah it's not coming anytime soon but again we're continuing to see it drop which we love housing prices they're staying pretty steady and again they might level off but with the low inventory it's kind of keeping that stable and so they're not going to expectedly like drop drastically so it's still this idea if you're on the sidelines and you're
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Ready to buy a house. This whole idea of like, oh, there's a bubble. It's going to pop. I'm going to get a great deal. It's probably not going to happen. They are pretty consistent. And the Federal Home Loan Mortgage Corporation even predicts modest price growth in 2025. So values will continue to rise. Inventory is slowing. So inventory grew. 29.2% in 2024 compared to the previous year.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Now, it is still below average or pre-pandemic levels. And more homes are on the market to give buyers more options. And sellers still have the upper hand in most areas as demand. Little by little, it's getting better. Exactly, exactly.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
um buyer demands could rise so if interest rates keep dropping then obviously there's gonna be more competition people are gonna get back into the market to buy foreclosures will stay low foreclosures declined 13 and 24 and this trend is expected to continue in 2025 again they're rare out there if you can find a good one that's great but they're pretty rare still so yeah
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Some of the takeaways for what we're seeing in the housing trending in 2025 is for buyers. If you're looking to buy with rates trending down and inventory improving, you might find more opportunities to get into the market. And you may have some more options when it comes to housing. But again, do not overspend.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
When you go to the mortgage company to get a mortgage, they're going to offer you way more than what you need. So stay within your budget. If you are selling, this is still your market and homes are priced fairly. If they are priced fairly, they're going to still sell pretty quickly. And again, for everyone, you can't wait for the perfect time for the housing market.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
It's the perfect time when it's the perfect time for you. So if you don't have debt, you have an emergency fund in place and you have at least a 5% down payment, go ahead and get in. Because again, These the housing values, the price of houses are not going down. You're not going to go get a deal next year. They are the same, if not modestly increasing.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Everything's all good. A banker says, I can afford this.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
You need to control that on your own end. You know, and it is wild when we think about it because, I mean, and I know we all remember because it was just a few years ago when prices just skyrocketed up.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Yeah. And there were some hot areas that were significantly overpriced and they did kind of come down. And, you know, even last year was kind of just like, you know, correction. Austin, Texas was one. Like we saw some markets do that. But I remember being on the show two years ago and Dave and all of us were saying, there's not a big bubble, you guys. Because some people were saying that. Yeah.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
It's just like this. It's going to be like 09. There's going to be foreclosures everywhere and all of this. And it's like, no, it's going to stay. And again, it may correct. It may kind of go back down a little bit to correct. Yeah. But it is going to be what it is. And it has stayed there, Jade. I mean, it is wild. I'm not mad at it.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
You need to go to ramseysolutions.com slash real estate. And we do have a U.S. housing market trends. It's honestly right there on the front page.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
home screen so if you're curious about what's going on in the real estate market and you want to see facts and we pull these from reputable sources this isn't just opinions out there these are actually what's going on in the housing market and it is something people are watching and want to know hey what is going on because you do hear a lot of Either doom and gloom or overhyped here.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
I mean, so just to get the reality of what's really going on in the housing market, make sure to go to ramseysolutions.com slash real estate. And for all of your real estate needs, if you are looking to buy and sell, use one of our Ramsey trusted real estate agents because, yeah, they will help you in this area. And it's a big deal, you guys.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Your house is, for most people, the largest purchase you make. Oh, yeah. And to your point, the largest investment when it comes to appreciating and all that.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Yeah, we're about to go to a hard break, Nick. But yeah, I mean, this is the hard thing about co-signing, Nick, is there's not, there aren't other options. I'm like, there's, from a legal perspective, you signed a loan. Yeah. And until your name is off of that loan, there's really not like a legal way to go about this or anything. I mean, it kind of is what it is.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
It's nice. Jade, I want to wrap back to the call we just sent Ed because it was a quick call, but I think a big subject. And obviously, Nick and Diana, there were a couple and they called in and talking about how he had co-signed for a friend on a home. Yeah. That was $367,000. Yeah.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
and then with the pandemic happening and all these other plans you could get on where you didn't have to pay and you know all of this stuff happened and now he owes 376 000 so nothing was paid down it was going up and on top of that um you know nick got married and was like i kind of i want off this loan because when you co-sign and everyone needs to hear this this is a lesson
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
When you co-sign, it basically is you taking on this person's debt. It shows up like your debt.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Yes. So that is car loans, you guys. That is mortgages. That is parent plus loans. We talked about that in the break. If you're a parent and you do a parent plus loan. That is debt that's looking like it's going on your report. It is a really big deal. And people do this out of the goodness of their heart because their friend or family member can't get the loan, so they need someone to co-sign.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Or required, right? Yeah. But again, it's understandable why someone would think that because in our world today, it is just so, so normal. So yeah, Katie, if I were you, I would today cut up every credit card with my name on it.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
And that's where people get in trouble. And the hard thing about when you co-sign I mean, there's not a lot of ways to get out of it unless the person who is the main name on the loan says, I will refinance to take you off, which Nick in the last call tried and asked the friend to do that. But the friend won't because now interest rates, right?
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
He probably got a 2.5% interest rate and now interest rates are 6%. So the friend's like, there's no way I'm going to. I'm going to refinance right now. And yeah, and it messes up a relationship and it messes up your own financial life.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
So again, we were saying before the break that there's again, I mean, the answer to those questions, if you have co-signed, there's really not much you can do from a legal perspective. You may be able to get a judge to force it, but to force a refinance. But I don't hear that happening a lot.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Not even just because of the element of what we talked about living without debt, but I'm going to say yours has an extra caveat too because there's another person in your life using those credit cards under your name, which adds on a whole other level of risk that you cannot control, right? Some people think, well, I can control myself, right? And we have a level of responsibility of ourselves.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Like, so that's, we can talk about that. But this is like an extra layer, Katie, that you, it's just a lot of risk. And I know everyone's in love all the time and we're going to be together forever. Everyone believes in the relationship. But again, we get the calls on the other end of reality of what happens. So I just want you to be protected, Katie. That's what we want for you.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
So Jeff. Yeah. So this is man, this is really difficult. And yeah. So for them, it's going to take a lot of, I think, professional counseling because this is this is lying. I mean, he absolutely lied and did a level of gambling is kind of what day trading can end up being. So for you, I think being a dad, they're not overstepping your bounds. This is their issues to work out within their marriage.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
And if they reach out for help, I think from an emotional standpoint, you can be there. But this is theirs to take care of.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
We are here for you. And we want you to make these decisions in a really smart and wise way.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Yeah, absolutely. Well, and when you have an amount of time, right, that is so compacted with everything you need, like that's how we lay out these live streams. We're like, if someone is here... for an hour and a half or however long it is, we're going to put as much as we can into it so that when you walk away, it's like, okay, I have a whole new set of tools.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
It might be overwhelming even, but it's worth it to sit down for an hour and a half and be there and watch it and do something different.
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
And why is he needing the money? What's he using it for?
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
Okay, so you don't think there's probably much to his name financially, and he's literally using it to stay afloat. Is he working?
The Ramsey Show
Don’t Let Toxic Money Situations Keep You Trapped
So then the sister calls. Have you and your sister talked about it?
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Which, too, no fault to you, too. I mean, this happened a year ago. I'm like, you're probably coming out of this fault. I mean, I can't even imagine.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
I mean, it's just, yeah, I'm like, there's so much. But I hope this call for you, gave you more of the confidence and the motivation to say, okay, I am doing the right thing and push forward. Because sometimes, and I could feel this, like you hear probate, I mean, it's a very intimidating idea. If you don't deal with lawyers and you don't deal with judges on a regular basis, right?
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
I'm like, there's a level where this can feel very intimidating and you almost can outsource it, which I think is what she's done. She's yielded a lot to these lawyers, but what you're giving her the permission and the mandate is to be like,
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
There's a time in your life and in the baby steps for renting, but you don't want to do it forever because when you rent, you're still paying for a mortgage, just somebody else's. Plus, rent means instability in your budget because it always goes up, never down. So when you're ready to buy, make sure you work with a mortgage partner you can rely on. Churchill Mortgage.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Churchill is Ramsey Trusted to help you make the move from renting to home ownership wisely. Churchill understands that when you buy a home the Ramsey way, your mortgage payment will be a consistent, manageable part of your monthly budget. Plus, when your home is paid off, that was your largest expense.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Now it's extra money in your pocket and an asset towards turning you into a baby steps millionaire. So get started on the American dream of home ownership today at churchillmortgage.com. That's churchillmortgage.com.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Okay, this is a funny one. I just read it. Today's question comes from Steve in Indiana. Would your snowball plan help get America out of $36 trillion of debt, and how would you budget it? I wish Trump had you on the Doge team.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Was the Reagan stuff all the way through? Wasn't Bush one and then Clinton?
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Longest stay in the union ever last night.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Have you asked around what people are getting? I mean, do you have a ballpark of like, yeah, this seems realistic and there's going to be high months, then there's going to be low months, but do you have a middle ground at all from other people in the field?
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
So I think I think I think what's so to answer your question, just like point blank, and then maybe we can kind of backpedal and talk through more of the why. But no, I would stay. Are you are you paying rent with your dad or are you just living there? No. OK. Yeah. So I would live there with your daughter.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
He needs to come move rent somewhere, find a job once he's stable or feels, you know, that well enough to be able to say, OK, yes, now we're going to get engaged. You guys have been dating for a long period of two years. You're both adults. You probably know, yeah, we can make this engagement faster. We don't have to be engaged for three years, right? We can have a wedding.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
It may not be an extravagant wedding, but we'll get married. And then the next step then would be, okay, now we have formed a family unit together. and we're gonna live as that. And I think the problem is so often like we fast forward that process. And what's difficult too is we have found over and over and over and over and over again, and even more recent research has come out
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
to show, not even from a financial perspective, but just a quality of life perspective, the happiness among couples is higher with those who actually didn't even live together before married, married, and then lived together than those that lived together even before. And so you just see all of this play out. And I think, too, what's hard is we see the other end of that.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Jim, oh my gosh, I cannot wait to talk about this. It's a great question. It's a great question.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Jim, where are you at financially?
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
okay okay can i say this i mean seriously do you are you gonna marry do you want to marry somebody who is judges you by your no no no i'm not this is a shallow chick can i excuse me let the woman talk for a second have at it woman here's what i would say though jim not that it's shallow but you do you would wonder out of curiosity like oh my gosh am i gonna have to be the one that keeps this
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
household afloat if it goes in the future. If she doesn't know your financial state, again, it's not a judgment on just the car itself because there needs to be more conversation. I would think as a woman, though, I'm like, I don't know. Am I going to have to be the breadwinner? You know what I mean? A level of
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Yeah, I mean, like, so the first impression thing, again, it's not for shallow purposes, but for her to know, like, no, you're responsible, and you, you know, all of these line up. Oh, then I don't care what kind of car you drive. I just know the man that I'm marrying I'm entering into a relationship with that I'm not having to be the one to, like, hold us up financially, right?
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
I'm not saying not to date someone that has a crappy car. It's not that. It's just to know that like, oh, yeah, you are a guy that can hold life on his own. And you really do, Jim, because of where you are financially. I'm not saying to go buy a new truck for those purposes. I'm just giving another perspective to think, oh, my gosh, is like – Like, is he doing anything with his life, right?
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Everything messed up and you move in together and then he can't find a job and it's been a year and you're starting to pay his bills. It just gets real messy real fast. And so from a relational and financial perspective, the cleaner those lines can be. Honestly, it makes the process smoother. And it may not be like what everyone does or fill in the blank, but it does.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
I'm not saying that you're not, Jim. Does that make sense to anyone? Am I making sense or am I sounding shallow?
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Jim can be very content. He may be fine.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Agreed. He looked at me again. I agree. I was arguing.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
It was just to know, like, okay, I'm not having to be the breadwinner, right? I'm like, I don't know.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
I don't want someone that's like, yeah, that's like not working and making an income.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
exactly well it's just the idea of like i don't know i don't have to like you could ask a question yeah i don't know it's 40 years old jim i'm rooting for you and i hope this call i'm gonna just pray this over the over the internets that this call maybe some ladies like jim i'm interested there you go if you are houston's a little town shouldn't be hard to find you look for the look for the old truck look for the old truck
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
I just appreciate him. That's so cool. And I really do. And I'm sorry you're a widower too, whatever that story was. I hope nothing but the best, Jim. I'm cheering you on. Yeah, me too. I hope you find a great lady out there.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
We should do a Ramsey dating app.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
That wasn't our best call, Meredith.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
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The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
It makes the process, again, from a relational and a financial perspective, smoother. So no, I would not move out of your dad's place. I think you probably have a great setup there. If you wanted to move out with your daughter and rent somewhere on your own, you could. But I would say put, let him move here, figure out the job and the place to live. And then...
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Knockbox is a simple way to organize important paper and digital documents, IDs, tax returns, insurance policies, estate plans, accounts, and other personal history in one manageable place. Your family will feel your love in every detail you take care of. So start taking care of them at knockbox.com slash Ramsey. A well-organized legacy is a gift to your family. That's knockbox.com slash Ramsey.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Your bucket list is both Dave likes to jump out of airplanes and I love New York City. So you check and check.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
I mean, that could all happen in the next nine months.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Yeah, I just had our meeting. My husband and I meet with ours once a year and we just had ours yesterday. And I'll tell you, a great financial planner or someone walking beside you, an investment professional, their job is to help you live the way you want to live, Amy, and how to do it responsibly. And they should have a basic knowledge, if not a pretty comprehensive knowledge, on taxes as well.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
They're going to see a holistic view of your life. And so someone that's on your side is going to hear you where you're not very risk averse. You're kind of like, yeah, I want to live and jump out of airplanes. and do it all.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
No, but I'm just saying if a good financial planner is going to look at all of that, know the ins and outs of it, they're going to be able to run a pro forma and be able to say, okay, here's this, this, and this, and this throughout the years. I mean, you're going to get a detailed plan with this person, and that's what you need. Right now, you don't, right?
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
I mean, it's a little bit kind of all up in the air.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
It would be tight, but yes. Probably not New York City.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
And if you can jump on that disability, too, and get some income coming in.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
oh man okay so during this time because six years i mean that's a marathon right i mean we you know two years is usually kind of average with consumer debt so people that do mostly student loans we see that it's kind of the long game right so what was the hardest part in six years i know you guys are we're probably tired i mean i know you probably hit a wall at certain points thinking oh my gosh we're still in this
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
I feel like we hit two walls. We have two kids.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
love them but they came they came in strong yes yeah i mean that's a big deal though for real i mean like anyone that has a baby like you're like it's a it's a life-changing event let alone two happening during a process like this so kudos to you guys that's great so great
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
They'll put a survey out to the audience and let them grade.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
It's going to be a peaceful, a peaceful debt-free scream for you.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
And I would say, if people didn't know a little insight, if you weren't doing what you're doing, you'd be in real estate full time. It's what you were doing before you were doing this. But you, like real estate's your next love. You love all of this. Yeah. But your next love is, I mean, you.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
And he's obsessing over every little thing and it's spinning him out is what it's doing.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
It's stressing him out more than giving him freedom. Yeah. Yeah. Which is such an interesting, we talked about this on another show last week together, how money becomes an idol for so many people. And some people it's the chase of more, more, more nicer, nicer, nicer.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
But on the flip side, it becomes an idol in this case where you're so obsessed with it in a negative way that it's like literally eating into the quality of your life because it's all you're thinking about. And that's not how it should be. There should be a lot more freedom. And so there's something in him.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
He'll say, my favorite Dave is real estate Dave. He just gets like real, like he gets excited about it. You love it. And so you're one of the best teachers on the planet for it. So it's fantastic.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
But you're $20,000 in, meaning from lawyer fees, travel, all of that. That's what you're saying, and you're like, I'm nervous. You've been paying the payment.
The Ramsey Show
Your Financial Journey Is a Marathon, Not a Sprint
Yeah, so I'm curious what you said. I've been trying. You've been down there five. What holdups are you finding?
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
live on 40 or something right you know what i mean like if you don't have rents put 75 grand away yeah do that for about one or two years and golly you could put yeah 150 200 sell your place that's 350 go pay cash for a house right up to the sunset if you guys want to get back into the rental game then do it from with some cheap you know 150 000 property that you guys save up over time because you have a paid for house
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
yep so andrew i think what what i would do is i would live rent free in your parents home let your property continue to appreciate that's fine but then eventually have the goal to sell it probably in the next year or two and exactly what you're saying move all that equity over to a primary home with the money you've saved and there's a good chance you could cash flow primary home and then if you guys want to get in the rental game do that later with cash but that's that's a lot of races man that's a lot of peace andrew congratulations
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Welcome back to The Ramsey Show. We're taking your calls at 888-825-5225. Up next, we have Dan in Houston, Texas. Hey, Dan, welcome to the show.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Live from Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I am Rachel Cruz, hosting this hour with best-selling author and host of The Dr. John Deloney Show, John Deloney.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
And you're saying just saying it out loud when you guys make sure you put.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
And they haven't really happened yet either.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
I think that we sometimes live under this illusion that we can change people, that if we say the right thing or we give the right book or we do whatever it may be, that that's somehow going to be the magic moment of the light bulb going off in their head of like, oh, my gosh. And we put that responsibility on ourselves.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
And I hear this more from your sister, the way you're talking about your sister. And so, yeah, maybe you hang up with us and call her and relieve her, right? I mean, like, tell her about this call. But you both don't need to sit there feeling this, like, hero complex. It's our responsibility somehow to change our 62-year-old sibling.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
And Holly, is his mindset like he's happy because he has time with the family. It's not that much. I am not stressed and all of that. Or is he, does he feel undervalued at all? Like, is he looking or talking about other things?
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Yeah, and Dan, too, you can be a great listening ear for your older sister, too, but don't carry her weight either. That's right. Because part of your call has been a lot of her concern, too. And don't carry that either, Dan. It's this kind of individualness that I think is really important for you guys because you're taking on a lot.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Your sister's emotion that's doing things well, but she's frustrated and fearful, and then the siblings that aren't.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Thanks, Dan, for the call. There's a time in your life and at the baby steps for renting, but you don't want to do it forever because when you rent, you're still paying for a mortgage, just somebody else's. Plus, rent means instability in your budget because it always goes up, never down. So when you're ready to buy, make sure you work with a mortgage partner you can rely on. Churchill Mortgage.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Churchill is Ramsey Trusted to help you make the move from renting to home ownership wisely. Churchill understands that when you buy a home the Ramsey way, your mortgage payment will be a consistent, manageable part of your monthly budget. Plus, when your home is paid off, that was your largest expense
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Now it's extra money in your pocket and an asset towards turning you into a baby steps millionaire. So get started on the American dream of home ownership today at churchillmortgage.com. That's churchillmortgage.com.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
The Ramsey Show question of the day is brought to you by WhyRefi. WhyRefi refinances your defaulted private student loans, which are different than federal student loans. WhyRefi, oh gosh, WhyRefi defaults to loans and builds you a custom loan based on your ability to pay. I skipped a line. So kick your private student loan debt out of your life by going to WhyRefi.com slash Ramsey.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
That's the letter Y. Don't say it. R-E-F-Y.com slash Ramsey may not be available in all states. I'm a Terrible sometimes.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
I'm re-saying the same line again. Not correct.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Listen, Y Refi, it's incredible. It is. It takes your defaulted private student loans, creates a new loan with a low interest rate that will fit in your budget, And it's wonderful. We don't talk about refinancing debt majority of the time. We don't recommend it. But with private student loans, we do. So there you go. Go to Y-R-E-F-Y. Y-R-E-F-Y.com.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
It's not allowed at our school. No outside takeout food. Keep going.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Yes. Because that's life. Well, that's life. And if it's not the lunches, it's going to be the type of shoes. It's going to be the backpack. And the phone. It keeps going. And then on into college. What college is she going to? I mean, that feeling continues.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
painter and it doesn't work and nobody had reality conversations i read this in a parenting book i can't remember who sissy goff i can't remember who it was but they were saying that you know the generation but 10 years ago 15 years ago was the helicopter parents and now it's the snowplow parents yeah the bulldozers just where you just like make a smooth path so there's no bumps we don't
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
feel anything we are good no hardship no bumps in the road it is just a smooth walk and everything is fine and that's not that's not reality no it's teaching your kids this is an amazing moment for your 14 year old and can i just say this too not that this matters, but they're buying lunch from local eateries. This isn't even like a cafeteria buy.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Yeah, it's even a step beyond normal reality. You know what I mean? It's not even like, oh, we're not even going to pay for school lunches from the cafeteria. This is another step beyond. So I think even for her to have... some level of reality. My parents did this of like, there's tiers in life.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
The highest tier is that a 14 year old is getting a $20 lunch from Panera or whatever the local eatery is. The second tier is, yeah, maybe you get to spend some money and buy lunch at the cafeteria. And then you got to bring your, you know, your lunch. I don't know. And like, like, like we don't all get to live at a high level. Like there's going to be ups and downs in life.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
And you're working so much to make that versus like having a 40 hour a week job where you're making 80 or whatever it is.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
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The Ramsey Show
Big Life Changes Demand Bold Money Decisions
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The Ramsey Show
Big Life Changes Demand Bold Money Decisions
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The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Okay, so it would be the 13-year-old. Yeah. That would feel it.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
All right, Dave, you have some strong opinions.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Yeah, I think so. Okay, because you really prefer credit unions over big banks. So why is that?
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
My good friend, John Deloney. So we are answering your questions about your life, your relationships, your money. So give us a call at 888-825-5225, and we are here for you. All right, starting us off this hour is Holly in Portland, Oregon. Hey, Holly. Welcome to the show. Hi. Hello, hello.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Yes. Well, and I think we have found one that is incredible, and that's Fairwinds. They are an incredible credit union that is really out with the heart to help the customer.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Yeah, absolutely. And you're right. Their customer service is unbelievable. Winston and I just signed up and we got an account. And I'm not kidding. It took less than five minutes. It was so user-friendly. The step-by-step approach was unbelievable. And then the next day, my phone rings and it says Fairwinds on my phone.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
So I answered it and talked to someone there and they said, yeah, they give... calls to every new customer. And so again, they just really care about your experience. And I so, so appreciate that. So again, you guys, I know it can be a pain to switch banks or to open up new accounts, but Fairwinds, again, they make it so easy.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Plus anything that you can do at a traditional branch, you can do with them at fairwinds.org or on their app. And you'll have free access to over 33,000 ATMs.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Yeah, you guys, it's so easy to join Fairwinds no matter where you live. So go to fairwinds.org slash Ramsey to learn more. That's F-A-I-R-W-I-N-D-S dot org slash Ramsey.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
We'll come back to the Ramsey show. Up next, we have a Christian in Boston. Hey, Christian, welcome to the show. Oh, did it go?
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
yeah i mean i think uh just a couple like tactical money questions do you so you got you have no debt none uh and you have savings an emergency fund yep okay oh yeah uh how much liquid cash do you have beyond your emergency fund uh beyond my emergency fund probably 35 35 000 i have
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
It's almost a flex not to have it kind of thing.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
uh that's kind of awesome actually right and so but but you i think for cash to cash you can afford it it's a nice thing totally and i think what john's saying the sentiment of stuff is always just like just i think it's an awareness within you christian and i do the same i mean like i mean i think there's just something to be said of when i want something asking the questions you know if nobody sees this do i still want it how much of my motivation is for other people yeah
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
how much of it is for my own ego to feel something. And even from a joy perspective, Arthur Brooks talks about this, that we can do five things with money. We can give it, save it, buy our time back, buy experiences with people we love, and buy stuff. And the one thing that does not bring lasting joy is stuff. So again, this whole kind of concept of I'm buying this watch because I love it.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Because I bought a purse for my birthday last year, and it was a nice purse. And it was like, okay.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Like, no. No, do not. No, not that nice. There are levels of purses. It was not that kind of purse, but, but it wasn't from target. And so it was just this idea of like, okay, if I have this purse, if I don't have this purse, what does Rachel say about herself? How is she feeling when she walks in a room? Like there's just a lot of introspect.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
nests I would have for myself, the higher dollar amount you spend on something. I think the more it's just kind of good to explore some of that. And maybe it's more of a, you know, you can buy it and you're totally fine if you buy it. We are not against stuff. Go get some nice stuff. Christian, you have set yourself up very well. You make great money. You don't have debt.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
You've lived below your means. Like you are doing great. You can buy this watch. I just don't, John and I think our biggest caution with stuff is don't be under the illusion of that it's going to fulfill you long-term and that it's going to bring some level of satisfaction.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Because the way that things are marketed to us and the belief in that and what we wear, I mean, it is crazy the status symbols that are out there and what we believe. And the thing is people get in trouble with that. So again, I'm not worried about you from a money perspective at all. I think you could probably buy two of these and you would be fine.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
But it's more about you long-term and who you are. Christian, you should ask John and Rachel, what kind of watches and how much do they pay for theirs that we currently have?
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Yeah, that's it. I mean, there's not really this like percentage. I mean, we say things like with cars, like we always say like things with motors and wheels, right? Cars, campers, all that. Yeah, depreciating asset. Yeah, no more than 50% of your annual income. Like there's some things around that. But when you get to the point where you are, yeah, of...
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
I mean, yeah, you're beyond baby step three and you just have extra cash that you want to spend. So it just, you emotionally have to detach from that money. And if you can really do that and it doesn't keep you up at night, then you're good to go.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Yeah, and to, you know, a well-balanced, and you're learning this early, Christian. I mean, honestly, I mean, this is stuff that it's like so good to have because where you are financially. But always remember with money that you can spend it, you can save it, you can give it. And we say on the show, we are fans of all three.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
So as you continue to become more successful and continue to live below your means, you're going to continue to build wealth. You're going to have more and more savings. You're gonna have the opportunity to spend some more. But also be having that generosity muscle as well because that is joy within money.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
And if you can get that early and live with it, there's a freedom and a joy there that's unbelievable. So giving, saving, spending, doing all three. All right, Christian, have fun with your new watch. This is The Ramsey Show. You spent years trying to get everything just right for your family.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
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The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Knockbox is a simple way to organize important paper and digital documents, IDs, tax returns, insurance policies, estate plans, accounts, and other personal history in one manageable place. Your family will feel your love in every detail you take care of. So start taking care of them at knockbox.com slash Ramsey. A well-organized legacy is a gift to your family. That's knockbox.com slash Ramsey.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Welcome back to The Ramsey Show. So the best way to take control of your money, make the most of your money, is to do a monthly budget, to know and have a plan on where your income's going. And every dollar makes this easy. It makes you have this, honestly, very intuitive way of how you plan your spending, how you track your spending, what you're saving for, you're giving goals.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
I mean, everything is in every dollar. It really takes your income. and walks you through how to have a plan for it and know where it's going. So you can download EveryDollar for free in the App Store or Google Play, or you can click the link in the description if you're listening on YouTube or podcast. Up next, we have Dave in Springfield. Hey, Dave. Welcome to the show.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Uh, beyond the money though, Dave, like, Hey, This is kind of what I value in life. This is what gives me energy. This is how I'm wired and what I'm excited about and trying new things and opportunities. And it feels like, you know, you're more just, you know, I don't know if that kind of life long term is something that you want to, you know, be a part of.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
So I think it's more of that conversation because what that leads to is her motivation around it. I mean, anything in life, right? Money, career.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Yeah. No, that's what I was going to say. I mean, this is like kind of a classic example, what we say on the show. A lot of people call in about a money issue. You know, she has student loan debt. I don't know if I want to marry her. And it's not as much about the student loan debt. It's more about the values around the relationship.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
And because when we have people that call here all the time, like, yeah, my wife has, you know, $80,000 in student loan debt. You know, I brought some credit card debt in and we're working to pay it off together. I mean, like it's a, it's a team effort there. And as you get into marriage, the less of a team you are and see each other as one and you're on each other's side, both of you, right?
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
She's jumping into your boat, you're jumping into her. I mean, it's just this idea of like, you guys value the same thing together. It's not that life is necessarily easier, but there is a level of smoothness with that. I'm like, you're not running up against barriers constantly because of what you're desiring versus what she's desiring.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Yep. And it sounds like you guys have been dating a while, Dave, is what you said. And you guys are still young. And so maybe you started dating at 16 and you're a different person at 16 than 21.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Right. Right. And I think it's always a balance in marriage, too. And in relationships is that, you know, we always say opposites attract. Right. It's like the old saying. And it is true. You're both going to have different levels of passion about different things. So it's not about becoming this like one individual person when you get married. You still are two individual people.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
But that's it. It's like, but we're still moving in the exact same direction, right? Winston's still going to have 18 Excel sheets with stuff, you know, out till we're 65. And I'm not going to know how to work them. That will always be the case. But we are still working towards the same goals. And so the way we go about those things is different. And our interests are different in life.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
But that doesn't, yeah, it doesn't conflict anything. with the values of our home and how our family unit is being driven. And that's where, that's where it gets sticky.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
And if that's a red flag early, Dave, I mean, it's something to at least talk about and, you know, and I'll give you guys this, not to like, I don't want to belittle you because you're young, but I'm like, y'all are still figuring this out. She's still figuring this out. you know? So have that conversation with her, but I would not break up with her because of the student loan debt.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
I would very much possibly break up if you guys cannot get to a set of values. And I would not take a step into engagement until those are consistent. This is the Ramsey show.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Yeah, and the side hustle world is for a season. It's not ongoing to support a seven-person family.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Welcome back. Up next, we have Jessica in Los Angeles. Hey, Jessica, welcome to the show. Hi, how are you? We're doing well. How can we help?
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Yeah. All right, tell us, yeah, how much do you owe her? $6,000 now. $6,000?
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Oh, wow. What a nice grandma. I'm telling you. Okay, and so what's your other debt?
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
but the issue with that is then we rely on that credit card because he for work he's on the road at a time so hey jessica are you able to talk into your phone a little bit more we're trying to get it clear oh sorry i'm a little bit nervous oh no you're fine you're fine um okay so yeah so she's persistent she's wanting her payment she's she wants her six thousand uh how much do you guys make a year
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
I mean, Jessica, if you could make three grand a month, you guys could be completely debt free in three months.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
I mean, I mean, with his income, everything. So I would tell grandma, OK, our goal, grandma, is it's February, March, April. Our goal is by the end of May, by the end of May, you will be paid. But we first have to take care of these back property taxes.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Yeah. And have a goal. If you guys live on his income and Jessica, you bring home,
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
two to three grand a month you know you could do that with some part-time jobs we're talking fast food we're talking just clock in and for sure we'll go work at target go go uber like do something um that really yeah allows you to just earn some extra income i mean even if it's you know 25 20 an hour yes you need some little wins and i'm telling you it'll be so transformative i'm so excited for you good job jessica i hope that helps up next we have sharone in cleveland hi welcome to the show
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Hi, thank you for having me guys. You're so welcome. How can we help?
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
So I have over $100,000 in student loans, I believe. Is that like right at $100,000 or like $120,000? I think it's about $125,000. $125,000 in student loans. Okay. Keep going. I have about $20,000 in credit card debt. Okay. Okay.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
What would you, if you weren't doing what you're doing now, what's like probably the most realistic next step career-wise for you, do you think? Probably going back into the school system. Okay. And how much would starting out be if you started as a teacher?
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
So that would be my next step. I would go talk to them tomorrow. I mean, I hate to say it, math.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Yeah, that, you know, and I think, too, you know, nonprofit ministry work, all of that. I mean, we are big fans of people in those worlds. And and maybe eventually that's your goal to get back there. Right. I mean, if you could imagine having no payments, having an emergency fund, having a great retirement set up and you're like, you know. I can go back to 35 because I have everything set up.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
That would be a goal for you, which I think is amazing. But for right now, reality, it would be that. So what I would do is your car, I would sell it.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Sell it because I mean, it's basically how much you make in a year. And I would go get a $5,000 car. If you can get a difference, I wonder how much, have you, Kelly Blue Book did it all? I know you just bought it. But have you seen if you could, have you looked up if you could sell it?
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Was it a brand new car or was it used when you bought it? No, it was brand new. It was brand new. Okay, so you'll probably take, yeah, you'll take a hit. So hopefully you could still get maybe like, you could maybe sell it for 21, 22. You'll take a little bit of a smaller loan for a difference that gets you a $4,000 car. And that'll at least free up that car payment.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Well, John, you're going to be busy this spring. You and Dave are hitting the road.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Yeah, the Money and Relationships Tour. You guys are going to Louisville, Durham, Atlanta, Phoenix, Fort Worth, Kansas City, all through the end of April and early May. So if those are any of your cities near you or you want to travel to, destination cities, make sure to, yeah, see if you guys can come because it's going to – you guys are really –
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
you know, creating this event in a really unique way that the audience gets to decide a lot of the content in each of these cities, which is so fun.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
and then he just gets in the driver's seat and he hits the gas and you're like oh this is where we're going so here we go right and so I'm I am as nervous for this as I've been for anything in a long time I can't wait yeah it's gonna be it's gonna be fun so go to ramsaysolutions.com slash tour and get your tickets for the money and relationships tour with Dr. John Deloney and Dave Ramsey
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
It's going to be train wrecks on stage. It's going to be fantastic.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Yeah, that's going to be fun. We'll have a blast. So great. So great. All right, next we have Andrew in Dayton, Ohio. Hey, Andrew. Welcome to the show.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Is this a long term thing or is this just like, hey, the first couple of years, you know, don't worry about rent. You guys can live here, but you will eventually get your own place or this is this property from your parents deemed to you guys like long term?
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
uh they've said we can stay in it for as long as possible personally i don't want to take advantage of their generosity sure get in and out of there within two well yeah yeah for sure and if that wasn't the case i didn't know like what situation you were in if it was gonna be deeded to y'all eventually you know i mean or something like that but if you guys i would want you guys working towards your primary home for sure so that you you know have the ability to go and buy something when you're ready how old are you guys
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
And how much will you guys be making combined household income after you get married?
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Is she going to school or will she be working?
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Okay, how much do you think she'll bring home? probably around 40,000 okay okay so you guys are at 180 um oh I meant I meant 140 combined I'm sorry oh okay okay together you guys we okay I'm sorry I got you um and the rental property how tell me that about that was that you and your dad together doing that or was that is that just under your name
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
She's really resolved. That's all I'm going to say. Holly knows. I love it.
The Ramsey Show
Big Life Changes Demand Bold Money Decisions
Okay. And why are, what, um, I'm just curious, why aren't you moving into it? Um, what's causing you to have this property?
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Are you going to sing a little Elsa for us? A little Frozen? You want me to sing a little Elsa? A little Let It Go?
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
The granddaughters will teach you that soon enough. Soon enough. Let It Go, John. We need to cue the granddaughters to sing Let It Go. Yeah, that's right. That's right. You know, it's so common for... for us as Americans, though, to be so wrapped up in our stuff. And I would put homes in this, cars in this, credit card debt, all of it. That for the sake of a thing, right?
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
And a house in and of itself, it's a thing. That we deteriorate so much of our peace and our mental margin and our stress. I mean, so much of it.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
for a thing and it's not worth it even a house and again home ownership is something that like we are all about and we want you to get it and have that be part of your long-term financial plan but to the point that it's completely robbing you of a life and it's eating away at your relationships and your peace all of it It's just a thing. It's not worth it. It's not worth it.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
So as Dave and Elsa would say, let it go.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Yeah, yeah, yeah, exactly.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
And which is hard, too, John, because you're in one of the most expensive real estate areas.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Yeah, in the Bay Area. I mean, you're in one of the highest-priced real estate markets.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Well, that's after taxes.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
So, California, he's probably making $140,000, and they're taking half. Yeah, with their taxes, yeah.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Sorry, John. Sell it.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Today's question comes from Craig in Delaware. My wife and I are looking to buy a new home. We own our current home outright and are looking to continue that debt-free lifestyle. We've been paying ourselves a mortgage as a saving technique and have saved a lot of money over the years.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Our friends have been telling us not to put so much liquid cash down for a new home but rather take out a mortgage and invest a big chunk of that money instead. We were thinking that living mortgage-free will give us freedom that we enjoy and allow us to invest with the money that we make going forward. Are we making a mistake by doing this? Craig, no, you are not making a mistake.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
You are correct. And this has always been an argument of paying off the mortgage or not, because if you do have a great rate, which if you buy a new home, you won't have a 2% or 3% rate like a lot of people do right now.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
But they say, you know, we'll invest that, and if you make 10% in the market, you'll make, you know, an 8%, 7% spread, and you'll make more money in the market than having a paid-off home. And that's always kind of been the math that we get cursed by, people would say.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Yeah, the risk, the peace of mind, and then also if you turn around and go back and invest the mortgage payment like what he's doing – you know, and you don't have a paid off home over time, like you're, you're still going to build wealth.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Well, technology is a big part.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Yeah. Oh, yeah. That's all through the books.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Well, and I would say, yes, that and then just the autonomy of owning your life. Like so much of the financial space, someone else has a say in your life. I mean, and that's everything from, you know, if you have a boss, but especially if your actual income that is yours now has 15 other things that it has to go to because of debt. Like the autonomy of just being able to make your own decisions.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Well, and that's the stuff that, yeah, is not an Excel sheet, right? Like that level of bandwidth emotionally as well. I mean, it's huge. It is.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
I don't know if you've done it.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
No, personalities have.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
This is your first. Yes, welcome.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Welcome to the segment, Dave.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Yeah, and what's interesting is usually, especially savers, so I get this, Jared, on this end, that, again, you don't feel the risk of the debt, but if something were to happen, there's other people coming to knock on your door, and that doesn't feel safe either, right? So if you're not able to pay these things, it's scarier to have...
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
your financial piece, if you will, in other people's hands and in other people's situations. And so being free from all of that by being out of debt and then building back the emergency fund actually gives you a level of deeper security. But I don't think people think about that as much.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Thank you. Thank you. Thank you.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
And what's frustrating is she... Yeah, I appreciate that. Yeah, and what's frustrating, Cody, is she's... you know, in a sense, possibly the one that's going to be punished in the middle of all of this because, Cody, you're going to say, no, I can't. Like, I'm not signing a prenup. I'm not doing this. I can't combine finances right now. Like, this is a sticky situation.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
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The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
I don't feel comfortable attaching my name to all of this. And so she either has to choose to be... Between her dad and her fiancé. I mean, yeah, to be a grown-up and to say, okay, I have to now think beyond what my dad says is okay and actually start, you know, having this, like, problem-solving on my own...
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Yes, that's right. That's right. So have some things.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
So what would you do then? You would deed it, not deed it, to John right now.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
And if you needed the exit, you still have the cash to go.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
With my future husband and deciding that, which is going to be a break. That's going to be a hard thing for her to do. But if she does it, then kudos to her, right? Of like, okay, this would be a means of it.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
You're deeded it out of your estate, your portion.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Right. So just the idea of the investment calculation saying it's an example.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
OK, so I mean, you know, really, it's it's it's your relationship with her. That's on the line.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
What's the stat of people that come legally into America? They end up winning.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Four times more likely because they come and they're like, you know, the generation.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Hey, you guys, health insurance costs are only moving one way, and that way isn't down. And if higher costs aren't enough, the wait times to see your doctor are longer, and it's harder than ever to get anything approved through the bureaucracy. So if you feel like the system is working against you, try a biblically-based alternative to health insurance, Christian Healthcare Ministries.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
CHM is a health cost-sharing ministry that's helped hundreds of thousands of families like yours take care of over $11 billion in medical bills since 1981. And CHM has also helped them stay true to their values and avoid miles of red tape. And CHM support goes far beyond meeting financial needs. They'll also help meet spiritual needs.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Members become part of a family who will pray with them and for them when they experience a medical event. So listen, y'all, there's no better way to take care of health care costs. CHM programs start as low as $98 a month. So learn more today and join at chministries.org slash budget. That's chministries.org slash budget.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Can I ask this, Robert? Is she not able to stay on budget because the budget's not realistic for what she's set up? Or is it that she truly spends more than she makes and she just says that's just how it is?
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
What's she doing? Shopping? Vacations?
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Yeah, that's where I was trying to figure out with... That's weird. Yeah, is she not budgeting correctly? Because there are some people that are like, oh, I'm going to make... Well, then change the budget. That's what I'm saying. But this sounds like it's above that. It's like that she could live within the numbers that she set, correct? Like she... Or that she has to mathematically.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Yeah. And it's not, again, we've said it twice in the call, but I think this is important for couples to hear. You're not trying to form her into you, right? No. Because I'm the free spirit. As you're speaking, I'm like, oh my gosh, that would so be me if I wasn't doing the Ramsey plan. I am. I'm just a spender. Emotions. I'm like, yep, we're going to have fun. We're going to enjoy.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
But having to learn a value system of boundaries, a value system of living below your means, a value system that stuff is not going to make me happy. There's a contentment issue there as well. Like all of these things are values where I still month to month spend more than Winston, my husband, because I am more of a spender than he is. But it's in the budget.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Yeah, he doesn't spend a lot. But it's like the idea is, again, it's the values that we agree upon, not the personality trait necessarily. But if we can't have boundaries and limits to our money and we keep going over and over and over and over and over.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Then there's an issue there, you know, and even with debt, I would say debt's a value system that if you are so if you are uncomfortable with living with debt.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
that it gives you stress, the risk of it, it's not worth it, it is, I want the autonomy and she's completely okay with it and it's totally fine to live by my means and I'll live on credit cards and just try to pay the minimum balance every month or the minimum payment, then again, there's a value system there that will be really excruciating to walk along life with and
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
And this is your partner, right? Like when you get into a marriage, like this is the person that you're going to make all these decisions with. And that should be fun and it should be enjoyable. This is someone that you don't want to constantly be picking apart and adding stress, right, to the relationship.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Well, and I think even before that conversation, though, he and her need to be on the same page to even go forward with it. Yeah. Because if she's like, no, no, this is what we're going to do. My dad says –
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
And that's what these big issues, money is one of them, but you could throw in in-laws, you could throw in parenting. I mean, right, there's all these other issues, but with money specifically, it's,
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Yeah, that ruffles feathers for sure.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
A good counselor will dig in and understand.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Yeah, but to know the root of it because so much of who we are in our existence – the good, the bad, the ugly comes out on how we handle money. And so there's things in there, right? And I would say for extreme savers.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Yeah, and extreme savers, right? There's a level of hoarding and control issues that come from people that are, and people call this show, and they're so anal, and they're just like, oh my God, chill, you're okay. But they're so wound up on that side, and that's unhealthy. But then being on the other far side where she is, that's unhealthy. And so kind of getting to that place.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Well, she'd have summers. I mean.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
I wouldn't pause Baby Step 4. No, I wouldn't in this case. You can pause the kids' college, though, if you guys were putting in a certain amount of money every single year for them.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Yeah, if you want to pause that to save up some extra money.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Yeah, she needs to realize what's going on. And if she doesn't realize it, that's the hard conversation.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Because we do talk about renting a lot for families. Yeah, just rent.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Yeah, it's more of a revelation of character than anything else. It's so painful.
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Do you have a lot of savings, John? Are you pulling from savings at all?
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
But, John, you knew this, right?
The Ramsey Show
Don’t Give All Your Money to Banks and Wonder Why You’re Broke
Sell it, John. I think it's going to relieve a lot of stress. I think your relationship will thrive. Your finances will thrive. A lot will thrive when you're not stressed. Stress to the max about this. That's hard.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Мой вопрос был бы, сколько ты сделал, когда ты был в инвесторе, и в твоем голове не было ничего другого с этими остальными рентами, и ты был так фокусирован на этом, что ты привел?
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да, Брэндон, я не думаю, что ты не банкрот, но я бы сказала, что подниматься на эти минимальные пенсии – это твой номер один цель. И, Брэндон, в будущем, за следующие 2-3 года, ты будешь делать больше, чем просто хозяйство. Я имею в виду, что ты будешь делать сайд-хэслы ночью. Ты будешь расстроен.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Ты будешь расстроен, потому что количество усилий, которое вы будете ввести в это, потому что я думаю, что вы можете. Продолжение следует... Да.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Вы сможете это сделать. Вы сможете избавиться от этого, но это будет занимать много работы и много времени, чтобы потратить все деньги, которые вы можете, на эту вредность.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да, он на определенном комиссионном системе, потому что если это с компанией или брокерами, то он может просто поменять брокеры?
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
И это обычно, в большинстве случаев, это то, где ты найдешь, что ты сделаешь деньги как инвестор, это ты, а не necessarily the company. Если он кривый с другими людьми, я думаю, что он просто не хочет быть рядом с этим. И он делает странные бизнесы. Обычно, когда у тебя есть недостаток интеграции в одной части своей жизни, иногда он упадет в другую. И этот парень даже не пытается его скрыть.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
С культурной точки зрения, это очень токсичное. Но кто знает, что он делает сзади, с бизнесом и так далее.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
«Хм, окей, вот что в моем контроле, я могу, в общем, что угодно, что босс решит сделать с его жизнью, это его проблема. Но моя проблема здесь в том, что мой муж часть компании, которая, очевидно, просто полная. Они не прыгают на корабль жизни совсем скоро, как это звучит.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Так что, Эмма, я бы поставила твой лайфхак.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
И говори с мужем об этом, и о том, что ты еще не закончила. Я думаю, я не знаю, это интересно.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да, так что, Эмма, обязательно поговори с ней.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Простите, Джереми. Мы очень обрадуемся маратоном. Ты действительно выложил это. Спасибо.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Так что все, что ты должен сделать, Джереми, да, все, что ты должен сделать, это сказать, что вот 60 баксов, можно мне поменять, пожалуйста?
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Или просто скажи им точно, сколько ты хочешь вернуть.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Окей. О, боже мой. Вы и сестра были в отношениях раньше всего этого?
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Но вы говорите, что они манипулируют системой счета, чтобы вернуть вам определенный счет, чтобы вы оставили 10-долларовый счет. Да, я имею в виду, что в ситуации, когда вы просто спросите специально, что вам нужно. И я знаю, что вы говорите, что это изменит, но скажите, что у вас есть 2-5. Вы можете быть очень специфичным или оставить им еще 5 долларов.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да, я бы была проактивна и сказала, что это точно то, что вам нужно. Да. Редактор субтитров А.Семкин Корректор А.Кулакова
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
С точки зрения правительства, у вашей мамы и у вашего деда были документы по праву о вашей родительстве? И потом она пошла и изменила их как правительство? Или есть какая-то правительственная правительственность, которую вы обладаете? Есть правительственная правительственность, которую моя мама написала.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да, и есть еще одна часть, Мелисса, он 21, понимаешь?
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
И, Мелисса, он должен смотреть на тебя. Я слышала, что ты мама, которую я получаю. Но он 21. Это его проблема. Вы, конечно, там, поддерживая его. Я хочу, чтобы он привел тебе идеи. И, может, он плачет половину машины.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
И я думаю, и я думаю, что, очевидно, инсургент знает, но я думаю, что если ваша машина укреплена, я думаю, что, очевидно, ваша инсургент укрепляется. Это одна из тех вещей, где я думаю, что это ваша вина, вы понимаете, потому что разные заявления, в зависимости от ситуации, также разные.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Это дом, в котором вы живете, который имеет налоги и налоги и все остальное, или это семьи?
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
чтобы бороться за свою сторону. Я не знаю, есть ли какая-то легальная документация, чтобы показать свою сторону. Потому что, с легальной точки зрения, ты можешь говорить так, как она говорит. Я не говорю, что это ты, Оливия, но нет никакой доказательств.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Так вот, Расти, ты находишься в каком-то экстремальном ситуации с тем, что происходит с количеством вреда, что означает, что для того, чтобы сделать движение, тебе нужно сделать какие-то экстремальные движения. И мы не всегда рекомендуем продавать дом и такие вещи. Это очень важно.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
И я знаю, что вы хотите семью в будущем, и это невероятно, и мы можем обязательно поговорить об этом позже в этом звонке, но вы не имеете детей сейчас, ничего не связывает вас с этим. Я бы начала уничтожать вещи, и ваши машины, у вас 34 тысячи долларов в машине, это между двумя машинами, или это? Да, да, это между двумя.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
И в одной комнате, маленьком апартаменте.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Субтитры сделал DimaTorzok Субтитры сделал DimaTorzok Субтитры сделал DimaTorzok
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
год, но тогда это каждый другой неделю, так что найдите работу ASAP, что вы можете сделать каждый другой неделю, ваша жена сделает 35 тысяч в этом рынке, честно говоря, я думаю, что она может сделать больше, я бы искал другую работу, как я бы был подниматься, я бы сделал огромные изменения в жизни, потому что, когда вы это делаете, то, что произойдет, это вы будете, вы будете иметь все это остальное маржин, чтобы бросить на счет, вы не будете, вы будете жить на ничего, все будет идти в сторону этого,
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Потому что, если вы не делаете такие решения, вы будете в этом на очень долгое время. И ваша структура до сих пор, Расти, не чтобы обмануть вас, но ваша структура до сих пор, решения, которые вы сделали с кредитным счетом, с карточками, с вашей мамой, вы знаете, коллаборация в ее доме с баллонным зарплатой, как... ваша вся мысль должна меняться.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Нужна какая-то документация, чтобы, когда ты нанимаешь жителей, чтобы бороться за это в суде. Я просто не знаю, есть ли у тебя такое.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Вы должны понимать, что то, что мы сделали, не работало. Мы должны делать то же самое, что я думала, что я буду делать с деньгами. Вы и ваша жена вместе сделаете это. Что я тоже сделаю... Извините, Джордж, вы можете перейти. Вы должны понимать, почему вы это делаете. И для того, чтобы вы начали семью. Я хочу, чтобы это было вашим почему. Продолжение следует. Продолжение следует.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
И я думала, что у вас была хорошая информация, и я просто хотела знать, возможно ли это. Спасибо за вашу время. Окей, сделайте миллионер, сделайте миллион, миллион долларов. Чтобы получить миллион, окей, ну, это... Так это будет, что вы говорите, 2 тысячи в месяц, на тот момент? 220 миллионов было для 100 миллионов.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Окей, так что, Натан, я бы рекомендовала тебе, чтобы уйти от этого, как бы, лаборатории, так называемого миллионера. Потому что я думаю, что большинство людей верят, что если бы у меня был такой количеством денег,
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
But your money habits are going to be a big part of this.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
И если это не случится до этого возраста, то моя жизнь закончится, и я потерялся. Это невероятно.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Мы идем в интернациональный. Мы идем в область.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да, я думаю, что сумма может быть совершенно другая, и я буду честна, что Винстон и я, ну, я думаю, что мы можем бюджетно собрать такую сумму, но я использую свою каждый месяц.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да, он может, я даже не знаю, да, поэтому мы, наверное, технически могли бы бюджетно меньше для него, и... Он бы был... Но это равно в бюджете? Да, я бы сказала, что это равно в бюджете. Ты спрашиваешь меня, почему мы это делаем? Почему мы не корректируем это на реальность в Крузе? Я не уверена.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Нет. И если Винстон хочет купить что-то, то да.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да, я бы согласилась, я не думаю, что это должно быть равным. Но я бы, и я говорю это осознанно, слышать людей, которые слушают или смотрят нас сейчас, которые не в вашей позиции, потому что вы говорите, что ваша будет ниже, чем ее, верно? Да, так что я думаю, что это абсолютно нормально.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Но я не хочу, чтобы какой-то сумасшедший мужик слушал и сказал, о, боже мой, у меня будет выше, и ты должен уменьшить. Как я слышал на шоу, они сказали, что мужики должны уменьшиться. Да, да, да.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Но если реальность в том, что ты, естественно, спасатель, и ты не будешь зарабатывать так много, как она зарабатывает, то да, я думаю, что реальность должна рефлектировать бюджет. Так что я бы, конечно, не чувствовала себя плохим об этом. Потому что ты прав. Технически говоря, женщины, я думаю, продают больше. Георгий – это предназначение. У тебя есть правильный ко-хост.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Кроме твоих собак и твоего волоса. Именно. И кофе.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Но ты продаешь больше, ты продаешь больше, чем Уитни, в месяц?
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да, и это должно быть реальностью. И реальность в том, что то, что она зарабатывает в месяц, будет больше, чем у тебя. И это абсолютно нормально. Независимо от того, кто вкладывает деньги. Делай это все вместе. И скажи, что это за реальность в нашей жизни. И так мы будем бюджетно.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
У тебя есть чувство неоткрытия, и твои родители потеряли твою сестру в этом. Неоткрытие, я имею в виду, весь способ, по которому это произошло для тебя, Оливия, это просто ужасно. И я бы хотела, чтобы у меня была лучшее руководство или направление, чтобы у тебя было что-то правильное в этом.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Сет, у вас есть семейный дом? У вас есть день-то-день интеракции с ними?
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Хорошо, но они домашние, и вы обычно делаете жизнь вместе. Вы делаете вечер вместе. Они часть вашего ритма в жизни.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Они не интересуются учеником. Это довольно мудро, Сет. Я надеялась, что у нас будет разговор о том, что ты просто сделал это в день после. И как они ответили на это? Они попросили, чтобы ты платил за их денежку, я думаю. Да, да, практически.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да, и Сетхи, и просто чтобы ты знал, и я знаю, что ты, наверное, это знаешь, но просто для того, чтобы сказать это громко, ты ничего не сделал неправильно, правильно? И я чувствую, что что-то может случиться, что они могут поднимать тебя в сторону, где ты чувствуешь, что вдруг, если ты не делаешь что-то, ты делаешь что-то неправильно, потому что, да, у тебя есть средства? Да, вы, ребята, делаете.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Но ты взрослый, и ты можешь решать, что ты делаешь, как они тебе сказали. Твоя ответственность за себя и твою семью. И что ты делаешь за это, это твое дело. Но ты существуешь с этим денег, ты не в праве. И я чувствую, что иногда ты чувствуешь, что ты тот, кто сделал что-то, что не хорошо или не хорошо. И так, просто помни, что ты не сделал ничего неправда. И правда, и Джордж сказал это, но...
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
это, к счастью, может создать разрушение. И я надеюсь, что это не так, но я чувствую, что они доказали себя. После того, как вы установили довольно сильную границу и были очень честны и очевидны, они выбрали преодолеть эту границу и попросили вас заплатить за ужин. Так что...
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Я думаю, что ты должен иметь реализацию, и ты, наверное, уже имел реализацию, но ты и твоя жена собираются в команде и понимаешь, о, боже, к сожалению, они не имеют материи, чтобы обладать этой частью твоего жизни, которую ты привлекал к ним, правильно? С общением с информацией. И это грустно, потому что это может вызвать разрушение и сильные границы, которые ты будешь иметь.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да, и опять же, они выбирают это, как... Редактор субтитров А.Семкин Корректор А.Кулакова
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
И даже связь с вашей мамой и ее Ашей, вы понимаете, это, наверное, будет шагом, который я бы взял, чтобы получить контакт с вашей сестрой.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да, это будет около 15 тысяч. Да, я имею в виду, вы посмотрели дома? Я знаю, что это говорит о Шоколаде, где вы живете. Я думаю, это субурбанка Шоколада.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Но ты бы не сказал, что это заработок в дальнейшем, Джордж.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Нет, да, и ты не можешь купить его с кашей. Он мог поставить скидку.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Если бы вы зарабатывали за следующие 2 года, допустим, вы бы зарабатывали до 30 тысяч, и только этот налог, который вы живете, плюс 50, который у вас есть, это дает вам близко до 50% налога на 140, понимаете, что я имею в виду? Так что ваша математика, она может компонировать довольно быстро, если вы работаете, может быть, еще один год.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да. Сколько твоих цифр в месяц, Дэн, для вас? Сколько вы зарабатываете в месяц?
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
И ты получаешь 2000, что ты говоришь, что приходит из Советского Союза и всего остального, и уверенность в том, что ты можешь отменить, опять же, мы просто говорим о, знаете, ровных номерах здесь.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Я надеюсь, что вы будете в лучшем состоянии в retirement. В возрасте Дэна, в возрасте Ретайрмента, не было предназначенной скидки на дом. И тогда ты как-то скучаешь.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Ну, я имею в виду, что если бы я была в вашей позиции, и как только вы найдете закрытие в ней, я бы, я бы, я так грустна, если бы вы закрыли книгу из вашей семьи, но она, я имею в виду, она звучит невероятно, то, как вы ее представили нам, она звучит невероятно.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Для дома, потому что, в итоге, да. И я буду работать, чтобы заплатить. Поэтому это «Бабий степ 6». Мы встретились с кем-то на перерыве, Георгий. Она только что заплатила за дом в тюнинге. И кто-то еще заплатил за дом, который был здесь на 40-й день. Два раза. Два раза, когда люди заплатили за дом.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да. И так, это красиво, что Лайна, опять же...
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да, и это всегда помогает, особенно если вы новичок на канале. Много людей нашли нас на подкасте или ютубе и слушали только немного. Георгий вообще не стойкий. Не волнуйся. Не стойкий. Немного высоких стандартов. Мы будем их расширять.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да, это правильно, я имею в виду, что она украла, это невероятно, что она сделала, и если бы я была, я бы создала, я имею в виду, не то, что вы должны даже создавать границы, потому что там нет отношений, но я имею в виду,
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
В моем сердце есть уровень, в котором я должна сказать, что я готова, я не буду продолжать бороться, потому что даже то, что связано с родителями и так далее, это просто скрывает часть того, что произошло с твоими родителями. И для тебя, Оливия, я думаю, что это самый здоровый момент для тебя, чтобы перейти дальше.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Редактор субтитров А.Семкин Корректор А.Кулакова Субтитры создавал DimaTorzok Субтитры создавал DimaTorzok
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да, после того, как вы заведете, Клэр, я имею в виду, что у вас есть немного денег между заведением и вступлением в реальный мир и карьеру. Это всегда хорошо, чтобы у вас было что-то, потому что вы можете двигаться, кто знает, что такое, если вы возьмете работу.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Да, так что просто как-то иметь какие-то деньги за эту трансляцию, просто подумать об этом. И тогда, когда ты как-то осознаешь, что у тебя есть чувство, что ты будешь осознать довольно быстро, потому что я думаю, что ты знаешь, что ты хочешь в жизни, ты очень, очень проактивен. Так что, когда ты, да, имеешь первый работу, и ты осознаешь, где ты, и...
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
У вас есть первое квартиру, что угодно, и вы зарабатываете, тогда, да, 401к, я бы посмотрела на что-то подобное, но сейчас я с Георгием, я думаю, что у меня есть деньги в руках, и смотря на Roth IRA, я думаю, это будет вашим лучшим бетом.
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Что заставило вас заплатить $250,000 в кредитные карты и личные налоги?
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
О, боже мой. Ты знаешь, Брэндон, если ты знаком с историей моей семьи, то маленькое ребенок, которое будет родиться, это я, и моя сестра была 2 года, когда мои родители подчеркнули банкротство. И через инвестиционные проблемы. Я имею в виду, что папа сделал то, что ты сделал, но на огромном масштабе, и они назвали все его отзывы, и...
The Ramsey Show
Don't Let Debt Happen To You—Face It Head-On
Если бы он сидел здесь сегодня, я думаю, что его эмпатия была бы на высшем уровне, потому что он был буквально ты 35 лет назад, что довольно странно. Так что у меня есть такое сердце для этих детей, твоих детей и твоей жены и всего этого, потому что я знаю, что у вас есть много стресса, и я знаю, что у вас, наверное, много шансов и обман, и вы чувствуете много веса. И я слышу все это.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
And are you thinking of a nonprofit situation or a for-profit business doing this?
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Yes, I have, George. Sketchy and never trust them.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Yeah, they do. Delete.me actually goes in and removes your information from data broker websites, and it is an incredible service that everyone needs.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
That's right. And then once they remove your information, then they're going to send you a detailed report telling you where they found your information, when they removed it, how many hours they've saved you. I mean, it is incredible. So detailed and it's beautiful.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Absolutely amazing. And Winston and I now get fewer texts, weird emails, spam calls, all of it.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Again, that's joindeleteme.com slash Ramsey. Make sure to check it out, you guys.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Today's question comes from Vince in New Hampshire. I have retired for three years with $1 million in an IRA. My wife is planning to retire next year with $400,000 in her managed IRA and another $220,000 in a pension, which she plans to withdraw to add to her IRA. Our only debt is $15,000 on our car and $100,000 mortgage.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
I know you say buying an RV is like throwing your money away, but we want to purchase a used RV for around $20,000 and drive across the country for a couple of months to see sites that we missed when we were younger. After being frugal for years to save, invest, and pay down debt, can we afford to splurge a little bit now?
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Is it really? Are they really that expensive?
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Should I Google fact check you right now?
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Is there really four? They have $450,000. What you just said.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Well, majority are going for 270. And then it says AI overview, which I know you love AI so much. It says typical is anywhere from 40,000 to a million dollars.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
She doesn't have the money. That's the thing.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
And if you get it, Matt, get it in writing. Absolutely. Have them email you immediately a letter. So you have actual evidence that they because they lie.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
How much do you have left on the house? $67,000.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Yeah, it's like half. Yeah, almost the more that's the mortgage.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
It's like when you see those stats of, like, what Bill Gates makes while he's brushing his teeth, like, every two minutes. You know what I mean? It's like $80,000 every two minutes or something just insane.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
I still don't know why you're fired from 43 years ago.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Maybe come out even. So $17,000, even on the 10? Yeah. How about for the motorcycle?
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
That's just a funny story. No, I know.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Okay. How much can you get for the house? I think we could get potentially $300 out of it. In equity? In equity.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Yeah, not for the debt. That's a good point.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Oh, you can do it, Mackenzie. I believe in you.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Oh, I bet she can't. I believe in you, Mackenzie. Go, girl.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
And where is he right now? He's in Virginia. Okay. Okay. Do you guys have kids? Yeah.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
So you moved back to be close to family, right, with all the logistics with kids.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
That's what I was thinking. Have one main budget, and then he has a full other section within that budget. That's his expenses so that you both kind of see it.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
It might be bankrupt depending on what happens on stage.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
And even if there's something with his paycheck going into a different account, if there's something there, you can connect multiple accounts to it. So it's all going into one budget, which is nice.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
The perfect situation is that you guys have one account. All the incomes go in there. You budget out of that account. You're going to have different line items for his situation. But sometimes we do see with like, yeah, military stuff or other things like, yeah, there's two different accounts. So if that's the case, you can hook both up. You can hook up multiple accounts to every dollar.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
But I think functioning out of the same budget.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
It's a pretty remarkable thing when we talk to active-duty military families, how many of them still continue to get out of debt. They're still working a plan, but they're like – And it took completely different continents, some of them, for a period of time. So it is. It's pretty remarkable.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
And the onboarding process, too, has gotten more robust. So knowing your information and where you're at, even in the baby steps, all of it, it starts to, it's building out more and more, which we love.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
All right, I want to shout out our teachers for a minute. You guys give so much to our kids every day, and often those days stretch into your nights and weekends. Seriously, you deserve a break. And by that, I mean a dream vacation. All you have to do is enter the Ramsey Teacher Appreciation Giveaway sponsored by Ramsey Education.
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Budgeting Leads You out of Debt & Into Wealth
There's no purchase needed to win, and you'll get bonus entries if you refer your teacher friends. Just go to ramseysolutions.com slash teacher. That's ramseysolutions.com slash teacher.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Yeah. So the audience votes on the subjects. Now, y'all done three cities already. Are the audience what they want? Similar city to city or has it been very different?
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Okay, what are they wanting? What do they want to hear?
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Yeah. It's great, Trey. Well, that's exciting. I'm so sorry that it came from such a devastating situation, but it's always, when we talk about inheritances, always living out that legacy of those that left that, and I think that's a great thing for you guys.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Yeah. Call them up and cancel. We always tell people when they're getting out of credit card debt, cut up the credit cards, pay it off, and then once there's no balance, then you can officially close the account. So go in and, yep.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Okay, perfect. That's great. How much more debt do you have, Nicole, to pay off?
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Yeah. No, yeah. You're on the baby step too.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
All right. Hey, $8,000 paid off in three months. Pretty good.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Yeah. The return taxes, you know, that helped. Oh, yeah, yeah, using your tax return for it. It's great. Yes, yes, absolutely.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
There's a time in your life and the baby steps for renting, but you don't want to do it forever because when you rent, you're still paying for a mortgage, just somebody else's. Plus rent means instability in your budget because it always goes up, never down. So when you're ready to buy, make sure you work with a mortgage partner you can rely on. Churchill Mortgage.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Churchill is Ramsey trusted to help you make the move from renting to home ownership wisely. Churchill understands that when you buy a home the Ramsey way, your mortgage payment will be a consistent, manageable part of your monthly budget. Plus, when your home is paid off, that was your largest expense. Now it's extra money in your pocket.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
and an asset towards turning you into a Baby Steps millionaire. Get started on the American dream of home ownership today at churchillmortgage.com. That's churchillmortgage.com. Hey guys, Rachel Cruz here. All right, I'm about to say what everyone already knows, but budgeting is a good thing to do. Now actually starting, well, that's where people freeze up.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
And you guys, it doesn't have to be that way. With the EveryDollar budgeting app, getting started is super easy and so is sticking to it. You can set up your first budget in less time than it takes to go through the Chick-fil-A drive-thru. It's fast. And the best part? With unlimited budget categories, you can customize it to fit your life.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Grocery runs, coffee runs, or planning your next family trip. Whatever you have going on, EveryDollar helps you see exactly what's happening with your money. You'll know what's coming in, what's going out, and what's left over for some fun. Because let's be real, you need some fun in your budget. Every dollar keeps budgeting simple and stress-free, just the way you want it.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
So go download the app for free and get started today. Again, go download EveryDollar today.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
How long have you been teaching the curriculum, Patrick?
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Have you had a lot of those? Have you kept up with students? I mean, after you've been teaching that long.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Yeah, Jack. Blake and Jack. They changed the name, Sonya.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
without having to take it out of the money that we're getting from our- Yeah, well, you guys are almost, if my math's right, you're almost investing close to 30%. Is that right? If you're maxing out- House is paid off. Both 401ks. Oh, your house is paid off.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
I was going to say, because I think, well, I was talking to John about these events, but he was talking about how thematically, how similar things are and what the problems people have continue to be pretty consistent, regardless of where you are in the country, regardless of family of origin. But these ideas that people, they want the ability to have great relationships.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
How much are in the accounts right now?
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Yes. Hey, I think you would enjoy it. It's actually very relaxing. Do that with her. Dave wouldn't.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
They want the ability to take control of their money. They want to build wealth. And they want to be able to, yeah, I mean, I think build a life that they love. And so I think that's what's so great about all of this, though, is being able to hit... You see the commonality of it. Yeah, and the pain points that are really out there. And we see that theme on this show.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Well, yeah, and I think it's that point. And it's always the risk. Like, you put a million dollars on it, and then what if one year, you know, a pandemic hits and you can't pay it? You know what I mean? Like, it's just not worth the risk. Like, there's just peace of mind knowing that you have autonomy over your life, your money, and your business, and it's just more peace that way, too.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Like, we'll get calls four in a row of people that their spouses can't, they can't work together with their spouse. Or we'll get four calls in a row where it's like crazy student loan debt, right? Like, we see themes even on this show. So I think it's just encouragement to people out there. Like, whatever that pain point is... we see a consistency in it.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
And that's why we do what we do, whether it's on this show, whether it's going out to cities and doing events like this money and relationship tour or other shows we have on the Ramsey Network. But that pain point that you have.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Yeah, Nick, there's an interesting book, Die With Zero. It was a great book, and it applies kind of to your situation. Not everyone's able to do this, but his idea was, which research shows is what he was claiming in the book, is that from, I think it's like ages. I'm going to mess up the age range. It's like 24 to 35 is when kids need money
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
The most meaning like down payments on house, if they're paying off student loans, all of that, because to your point, Nick, you know, if you build up all this wealth and you die at 85 and your kids are 60, like they're already well established, they already may have grandkids of their own. Right. So what can you do with money as a tool to help enhance that?
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
the next generation if you have the ability to, and it's stuff like that.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Would you rather, at your age, see your kids, which is me, so I'm crying.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
I know, I know. But I'm just saying, like, because I have little ones, so now, I mean, we're teaching boundaries and no all the time with stuff. But, like, you know what I mean? Like, would you rather see people... have their kids be part of their financial legacy while everyone's still alive versus like having a bunch of money when you die.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
So if we say that Dave Ramsey's an idiot, I'll just keep my money. I'm kidding. I'm kidding.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Yeah, you're not weird in that way. Like there is something so normal, what we're all craving. And I think you guys are seeing that with the content on this, where you have an audience that votes, which I think is awesome. I think it's beautiful. And that's why we're here. This is why. We do what we do to help you guys.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Dave's gone. We're going to the Caribbean. Tahiti. Yeah, but I think that's true. And I know not everyone realistically can have that conversation. We've had people on the show today that they're in retirement and they don't have enough money for themselves, right?
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
So it's the idea of that legacy changing while you're alive. I don't know. I think it's cool. It's great.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Hmm. What do you think, Jenny? Is that attractive to you? Like, are you like, what a winner?
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
You're smart. You're a surgeon, Jenny. You're really smart, you know? So it is interesting because usually, not always, but to a degree, people's intellect, you're attracted to other people's intellect and you're a hard worker. Obviously, the schooling you had to go through was insane and the amount of hours you have to put in and work and to have somebody that doesn't give.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
And again, I'm not mad that he doesn't have a job as an actor every week, but at least he's like, hey, I'm still busting my butt and I'm part-time here. I'm waiting tables here. I'm trying to make this dream work. I'm not mad at the dream, but the fact that there's nothing in between that that's happening, right.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Is, um, like that's as a woman who works and all of it, like that's not attractive to me as a, for a man, a guy that, um, has a level of initiative I find attractive. So I'm just curious if, yeah, if that's how you feel or if you're, if you're great with it and you might be great with it.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
Or that again, and we live, he wants to dig ditches.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
And as a reminder, it's not a value of what he's bringing monetarily necessarily. It's the effort, Jenny. So yeah, if you get married, you guys have kids. Who he is with his work is the amount of energy he's going to put into that. If your marriage starts to be in a hard spot, the amount of effort that he's putting into his life is what you're going to see there.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
So it's just an indicator of his level of pursuit in life in general starts to kind of show.
The Ramsey Show
Budgeting Leads You out of Debt & Into Wealth
And let's say this. It's 2025. There's some stay-at-home dads, right? Sometimes the woman is the breadwinner and roles have reversed. So even if that was the case and he's like, hey... We're having to support kids, and you have a demanding job. I'm able to do this and this and this. You know what I mean? But there's, like, effort involved. But there's none of that.
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Budgeting Leads You out of Debt & Into Wealth
I know. And it's hard because you like them, right? I mean.
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You Can’t Outearn Bad Spending Habits Forever
So, I recently retired from the military, medically retired from the military, and I after I had gotten out, I, there was about a month of no household income, uh, whatsoever. Um, and we kind of ran into some financial hardship and, uh, with Christmas coming up, I have three young children. Um, and I'm wondering, should I kind of sacrifice, uh, their happiness Christmas morning, uh,
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You Can’t Outearn Bad Spending Habits Forever
to continue to pay off this debt. I'm about $1,800 in credit card debt and about $4,000 in collections right now. And roughly bringing in about $6,000. About $5,500, $6,000 a month.
The Ramsey Show
You Can’t Outearn Bad Spending Habits Forever
So I was injured in the line of duty. My back was injured, and they decided that I could no longer serve how they needed me to.
The Ramsey Show
You Can’t Outearn Bad Spending Habits Forever
So I'm currently not working. I'm drawing pension from the military.
The Ramsey Show
You Can’t Outearn Bad Spending Habits Forever
I'm currently going to school full-time.
The Ramsey Show
You Can’t Outearn Bad Spending Habits Forever
Why? I want to... I've always kind of worked more labor type of jobs, hard on your body.
The Ramsey Show
You Can’t Outearn Bad Spending Habits Forever
I'm going to school for business administration with a major in project management.
The Ramsey Show
You Can’t Outearn Bad Spending Habits Forever
Um, I have been networking a little bit trying to get an internship or an apprenticeship somewhere.
The Ramsey Show
You Can’t Outearn Bad Spending Habits Forever
Absolutely. Um, No, no, no, of course. Um, but I'm, I'm, I'm bringing in around $63,000 a year.
The Ramsey Show
You Can’t Outearn Bad Spending Habits Forever
Absolutely. That's, that's just because of the, um, well, obviously military doesn't pay very much. I just got out of active duty. Um, and, um,
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You Can’t Outearn Bad Spending Habits Forever
So I'm currently online, fully online.
The Ramsey Show
Stop Letting Money Conflicts Tear Your Relationships Apart
We don't tell our kids' names until they were born.
The Ramsey Show
Stop Letting Money Conflicts Tear Your Relationships Apart
We hand the baby to the grandparent and we say... Just don't name them Moonbeam.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
And out of the 120, how much is hers?
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Okay, so it's almost half of it. And how much is the mortgage payment a month?
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
And you guys bring home what? A month?
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
You don't realize the lifestyle creep that really does occur. And as you go through and see exactly where is my money going? Mel Robbins actually had a video about this on Instagram. She was like, I remember printing out my entire bank statement. I was highlighting all the crap that I thought that I didn't need. And she was like, and I might that was full of like a highlighter.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Like, what could I cut? What do I need to cut? So it's that kind of mentality, John, from an expense standpoint that you guys really can. And honestly, what's great, and I always get encouraged when you are motivated to do this. I mean, for you guys, it's $130,000. We'll just pretend $130,000 of debt. Pretend the cars are gone just for fun. That's $100,000. You guys are at $120,000.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
You're bringing home probably closer to $100,000, $90,000 to $100,000. And if you earned extra, John, even $1,000 a month, you guys could be out of this in like two years. So it's really not... It's not like you guys are going to be in this for seven to eight years, but you have to be really dedicated to do some really intense sacrifices from the lifestyle standpoint and earning some extra income.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
And for you, especially between now and October, because that's going to be the sweet spot. When the baby comes, it gets much harder. and from all aspects to do this debt-free journey. But families do it all the time. People have babies during their debt payoff process. But you guys stock away a ton of cash. John, I would be working extra, doing what you can.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
And then map out a plan and write these debts out with your wife. Look at your budget and just say, how much extra can we throw at this debt and how fast is it for us to get out? Because I think you guys can do this in two and two and a half years.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Sure, sure. You know, I think you bring up such a good point because a lot of people assume that if you're like – I mean, I'm assuming they're both savers, probably very frugal people. Is that right, your parents?
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You Won't Win With Money If You're Not Aligned With A Plan
We are thankful for all the new listeners and watchers that we've had on The Ramsey Show. This show has really done very well from a numbers standpoint the last couple of years, and that's because you guys and partly because you all have subscribed.
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You Won't Win With Money If You're Not Aligned With A Plan
You leave reviews and comments and all of that, and that always helps boost and get this show in front of other people that don't know about it, which we want because we want to help people when it comes to their money. So we're always grateful for that. So continue to subscribe and leave a review. Share episodes regularly.
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You Won't Win With Money If You're Not Aligned With A Plan
Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I am Rachel Cruz hosting this hour with my good friend and best-selling author, Jade Warshaw, and we are here to answer your questions.
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You Won't Win With Money If You're Not Aligned With A Plan
with your friends and your family and continue to help spread the word about getting in control with your money and common sense in a world that doesn't have a lot of it these days. So that's what we like. All right, let's go to Nicholas in Grand Rapids. Hi, Nicholas. Welcome to the show.
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You Won't Win With Money If You're Not Aligned With A Plan
Yeah, absolutely. Thanks for calling in. How can we help?
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Yeah. I mean, the only reason I'm kind of OK with it, Nicholas, honestly, is because it's one year. I mean, if you were talking about doing something for four years or five years or you wanted to we get this call sometimes. I'm like, oh, my God, where they just got married and they want to move states away from their spouse to start a job. Yeah. I mean, like some really like.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
long-term kind of bizarre decisions where I'm like no no no no but this necklace has an end date so that always gives me hope it's not like hey I'm taking on this extra schooling and I don't know I if I get this I may have to do this it's not like it's this never-ending black hole there's a clear start and stop so you guys would just have to be on the same page of saying hey can we do this for a year and I think I mean yeah I think you can do anything for a year
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
And it is. I mean, a year feels long, but it goes so fast, like so fast. So that's where I think, yeah, I don't know. And then, I don't know, in my head, too, I'm like, we talked to people that are deployed in the military, and they're gone for nine months. You know what I mean? Like, people do this kind of thing. But, yeah, on a new marriage, I think it's really wise –
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
that she needs to be bought in. I think she needs to maybe hear from you ways that you guys want to stay connected. Because, yeah, you don't want your marriage being on the back burner by any means. That's right. But I think I think you can healthily do both. And again, I'm saying this because the time frame is so short.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Impressionable, yeah. Sure. And do you feel like they missed the mark from the tactical side, is what you're saying, on how to budget and that kind of thing? Or do you think the spirit around money? Because what I was hearing you kind of say is as CPAs and as people that are good with money, sometimes those people can lean on the end of...
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Yeah. Does she have a preference on A or B?
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
And if you guys have hit some – And if she throws a red flag after the first semester, you need to listen to her. Because you're kind of – if you choose A – You're kind of choosing your way, which, again, part of marriage is a little bit of that. That's right. That's right. We just kind of give and take. I really not. But you want to like, you know.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
But I think that that gives her give her a lot of weight. And after that first semester to throw a flag if she needs it. And you need to really, really, really listen to that. If she does is what I would say. I think that's a great point, Jade. Yeah. So, yeah. But I think for you guys. Thank you. You guys have been married for how long?
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Okay. So still newlyweds. It is still very new. That's great. Yeah. So I think, you know, things, and it sounds so kind of tactical and like not romantic, but having things in the calendar of like, okay, let's map out. And on this Saturday, let's go. And we're going to take a day trip here. We're going to like do some things that are earmarked throughout that year.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
So she knows and can feel like some relief in the schedule. Yeah. to have time with you and plan those things ahead of time, right? It's not like this like spontaneous for me. And it doesn't have to be every weeknight, Tuesday night, you know, you don't have to be that legalistic about it, but you guys be really intentional about the calendar. And I have found,
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
being so frugal to the point where there's, like, not a level of hoarding, but they hold their money so closely that they almost can't enjoy it. And if you don't have this well-rounded spirit with money, it can kind of cut you, like, you know what I mean? You go the opposite direction. Yeah, yeah. You want to go the opposite direction.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
in marriage i don't know if you guys do this jade but on sunday nights winston and i we look through every single day of the week and we say out loud the schedule of like okay i need to leave for work i had a media hit this morning it's set at eight so i have seven thirty so winston you gotta take kids you know to school yeah like it's you are literally mapping out very tactically throughout the week and something about that brings a lot of peace where there's not a lot of mystery because i think in a busy season which people experience a lot these busy seasons
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
The the kind of the unspoken things and the questions create stress and where you can eliminate the stress by having some really clear conversations and communications week to week, even down to dinner. So like, I'm not going to be home. Yeah, you'll have Thursday nights.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
So like, you know, I mean, like as tactical as you can get in busy seasons is always gives me a level of control and peace, which just helps enjoy where you are in the moment, too, because you want to be present. So it's a good question. Nicholas, I'm glad you called.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
If you're tired of living paycheck to paycheck and you just keep wondering, where is all my money going? Well, the first step to get control is to do a budget. And our team is hosting free budgeting trainings this month. So you can really learn step by step how to create and stick to an every dollar budget. And they answer your budgeting questions live during the Q&A.
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You Won't Win With Money If You're Not Aligned With A Plan
So if you have a specific one about your specific situation, this is the perfect place to to ask. Spots are limited, so sign up for free at everydollar.com slash webinar. Up next, we have Brandon in Pittsburgh, Pennsylvania. Hey, Brandon, welcome to the show.
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You Won't Win With Money If You're Not Aligned With A Plan
For sure. Thanks for calling in. How can we help?
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Right. Is he still living?
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Is he still living? Yeah.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Yeah, I was going to say, yeah.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Yeah. So, I mean, I think validating her because, yeah, that is scary. You know, if you're, you know, if a family member like that, you're in your own parents went through something, it's like, I want to avoid what they went through because it was always obviously very painful, not fun. I don't want to do that. So that makes sense that she's, you know, has that level of fear.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
But what can happen, Brandon, is... Fear can it can paralyze us and fear can make us do really bad and make really bad financial decisions. We would quote this all the time, especially during COVID. And someone said it and now I cannot remember who it was, but they said we make our worst financial decisions when we're fearful and drunk or drunk. Or maybe both. Maybe both.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
No, it was like some guy. I don't know who it was. It was like, but we would quote on there. Yeah, they would always say, if you're fearful or drunk, you make really bad money decisions. That does describe COVID. So yeah, we kept telling people. Yeah.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
So again, it makes sense that she's fearful, but also we can't let fear dictate and make our decisions because it's an emotion that's not trustworthy. You know, it is there to create, to make us...
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
to create safety for us right there's fear and our body reacts to it and it's like i'm on guard i'm on guard and why and sometimes the threat is real right i mean if you're see a bear and you're like there that's scary like that's a very real right your body's response is correct so run or whatever you're supposed to do when you see a bear like dad or whatever you're supposed to i don't even know
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
But the fear here, while I understand it, it's not based in reality. It's based in someone's situation, but that's not the reality out there. And so I think that's what she has to really overcome. So maybe, Brandon, even you guys, we always say a three to six month emergency fund.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Maybe you bump it up, you know, six, you know, maybe six, seven, eight months just to give some extra buffer in that high yield fund. Just to know if something happens, we are going to be okay. Like we have an emergency fund for the emergency fund kind of idea, right? So she may just need some extra security.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
And then, and then you guys just keep, you know, I mean, my hope was that you guys do start investing because I think you're exactly right from a math standpoint, you want that compound interest as early as possible.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
and then you guys just keep reevaluating, and don't look every... She doesn't need to look every day at the market, because it's going to dip, and the news is going to freak out, and then she's going to be like, oh, my God, the world's coming to an end, right? So don't look at it, but once a year, you guys need to reevaluate and just say, okay, what did this year look like? But it does take a...
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
I guess in her case, kind of that leap of faith. It's not really a leap of faith because I think there's a lot of facts around it, but it does take a level of trusting the system.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
It's a great point. Yeah. So I don't know if that helps Brandon, but yeah, that's, yeah, it's a hard one because again, I think it's, I think her fear is valid, but yet we, just because it's valid doesn't mean that we make decisions around it. That's right. That's right. But thanks for the call. All right, let's go to Aaron in San Diego. Hi, Aaron. Welcome to the show.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Yeah, so normally we would say that. We always say to sell anything that is non-retirement. And we are not big fans of single stocks just because it is so volatile that if that one company somehow loses everything, right? And I think I know what company you're talking about, so I don't know if that's going to be the case. But you never know, right?
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
We were even looking the other day, Jay, in a team meeting at Peloton when Peloton was like so big. Yes. And it's like gone to nothing basically. You know what I mean? So I'm like it was hot, you know. So just the idea that, yeah, just because something's working today, it may not be the best long-term play because you never know.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
So, yeah, getting rid of single stocks would be something that I would recommend and then using any of the profits to go ahead and pay off debt and then go and take that – The proceeds, everything else, because you'll have way more than what you have in debt.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
And you can go put that in a Vanguard account, an index fund, open up a mutual fund, and just have more diversification with that money and let it grow long term without, again, that volatility of just that one specific company. How much will it be when you cash them in?
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Oh, I'm sorry. I misheard your numbers. But yeah, so I would go ahead and sell it and put that towards the debt. Just be ready for the tax hit when it comes because it will come on your income taxes. Yep, for next year. Yeah, if you sell in 2025, it'll be there in the 2026 when you get it in April. That's right. Thanks, Aaron, for the call. Thanks to everyone in the booth.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Jade, thanks always for being a great co-host. Thanks to our studio audience here at Nashville. And thank you, America. We'll be back. All right, Dave, you have some strong opinions.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Yeah, I think so. Okay, because you really prefer credit unions over big banks.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Well, and I think we have found one that is incredible, and that's Fairwinds. They are an incredible credit union that is really out with the heart to help the customer.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Yeah, absolutely. And I love it. The things that we teach, they so line up with. And you're right, their customer service is unbelievable. Winston and I just signed up and we got an account. And I'm not kidding. It took less than five minutes. It was so user-friendly. Like the step-by-step approach was unbelievable. And then the next day my phone rings and it says Fairwinds on my phone.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
So I answered it. And talked to someone there and they said, yeah, they give calls to every new customer. And so again, they just really care about your experience. And I so, so appreciate that. Plus anything that you can do at a traditional branch, you can do with them at fairwinds.org or on their app. And you'll have free access to over 33,000 ATMs.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Yeah, you guys, it's so easy to join Fairwinds no matter where you live. So go to fairwinds.org slash Ramsey.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Live from Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I'm Rachel Cruz hosting this hour with bestselling author Jade Warshaw, and we are here to answer your questions at 888-825-5225. So give us a call, and we'll be talking about your money, your life, marriage, relationships, career. Kids. Kids.
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You Won't Win With Money If You're Not Aligned With A Plan
Anything and everything. So give us a call. Up first this hour, we have William in Indianapolis. Hi, William. Welcome to the show.
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You Won't Win With Money If You're Not Aligned With A Plan
Yes. Thanks for calling in. How can we help?
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
So impressive. Wow. She's incredible.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Wow. My gosh. Wow, wow, wow. Okay, so William, you guys, you get married in August. Will either of you be bringing debt into the marriage?
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Wow. Good for you. I mean, yeah, I mean... I mean, I'll be simple with my answer, Jade. You probably can explore it a little bit more. But yes, this would be a really, really, really, really wise way to use this money. If you guys started off your marriage with no mortgage payment and the amount of money you guys could be investing and saving for the future is going to be insane, William.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
What you guys can do versus sending a payment to a mortgage broker or to a bank is You guys pay yourself a mortgage payment and invest that. The numbers are astronomical what that could do. So, yeah, short answer is I think that's a very, yes, wise way to use this money is to spend cash and, yeah.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
That's true. That's true. Okay. Okay. So let's just say you guys went crazy and spent 300. Yeah. So that means you have a million dollars left. So I think the next question, so yes, 100% be paying cash for this house, even more so than probably more emphatically than we were thinking earlier. And then for the million, yeah, take some of that, William. You guys can upgrade cars.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
That would be another another thing to think about. And then, you know, I would be we always say to give, save and spend. Yeah. And so with the rest of that, you know, do some generosity and do some giving with that.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Yeah. How much do you guys make a year, William? How much combined income will you have once you guys get married?
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Okay. So you guys are roughly about $52,000. And so that will be her income, correct? She doesn't make anything above that payment?
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Okay. So, yeah. So I would – it's going to take some discipline, which you guys – you sound like you guys are pretty disciplined. Seems like it. That you don't start living like – because this money is a one-time payment, right? This is not an ongoing salary that you all will be getting every single year. And so watching the lifestyle and –
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Not acting like, oh, my gosh, we're a bunch of millionaires. Yeah. Right. I would be living. And I don't think you will be. I don't think you will be. You guys seem very mature.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
I can already tell. I know. I know. You said what you wanted to spend on the house. I was like, we're going to be fine. But I do want you to buy some cars. Yeah. I will say that as your spender friend. Yes.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
So give us a call at 888-825-5225, and we'll be talking about your life, your money, relationships, career, anything and everything. All right, first up, starting us off, we have Joseph in Boston. Hey, Joseph, welcome to the show.
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You Won't Win With Money If You're Not Aligned With A Plan
Yeah. Yeah, so get some nice cars. And part of this, too, if you invest it wisely, you guys can be living off of a portion of this every year if you want. But again, sitting down with a SmartVestor Pro is probably going to be your best bet just to make sure the longevity of this lasts, hopefully, beyond you guys.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
I mean, that's what this kind of money can do if you invest it early, which is really beautiful. It's generational if you can invest it right. How old are you?
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
OK, yeah, that makes sense. So what you guys would have to do is just have a timeline of knowing when is this money coming and what are we using that chunk for at a time? So that actually kind of spreads it out, which will slow you guys down some, which is fine, which is fine. I'm glad everyone's OK. Thanks for the call.
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You Won't Win With Money If You're Not Aligned With A Plan
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You Won't Win With Money If You're Not Aligned With A Plan
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You Won't Win With Money If You're Not Aligned With A Plan
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You Won't Win With Money If You're Not Aligned With A Plan
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You Won't Win With Money If You're Not Aligned With A Plan
Yeah, it sounds like it's like a... I make up a vacation home or something. You know what I mean? And the problem with all of this is she wants the nice second home, doesn't want to have to pay for kids' college right now. She doesn't want to put money away to save for that. So it's a lot of present feeling. Yeah, it's a lot of things today. This is what I want today.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
So I'm going to make decisions based on today without really looking long-term and saying, okay, what's best for us? Where we can have a fun life today. It's not like you want to be miserable today. Right, right. But yet you want to be wise and not let this be the motivator. Don't let today be the motivator. Be thinking long term because you guys have a lot of life to live.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
And yeah, it doesn't sound like a lot of wise decisions.
The Ramsey Show
You Won't Win With Money If You're Not Aligned With A Plan
Yep. So I don't know. I would sit down and I want to know her motivation for the second home. And if it is a vacation type thing,
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You Won't Win With Money If You're Not Aligned With A Plan
you know, situation, it's like a vacation home, you know, could you guys rent somewhere, you know, for two weeks a year and still be able to enjoy your vacations, but you don't have to own the home that you're going to right now, especially because you guys have still car loans and a mortgage on your primary home. So getting that paid down for sure would be the wiser way.
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You Won't Win With Money If You're Not Aligned With A Plan
And I would, yeah, cash out some of those stocks to pay off the car loan, especially, you know, if they're not in retirement too. Exactly. Hope that helps. But yeah, sorry, Patrick. We're the bear of bad news for your wife.
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You Won't Win With Money If You're Not Aligned With A Plan
Yeah. It's looking that way. Oh, man. That's so funny. It's so true, though. Yeah. Especially like on a sports team. Yeah. Like these guys are like, yeah, the salary ranges is like so significantly different. Yeah. So it takes a lot of maturity to push through that. It does. All right. Let's go to the phones. We'll go to Jason in Kansas City. Hi, Jason. Welcome to the show.
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You Won't Win With Money If You're Not Aligned With A Plan
Yeah. And I think, you know, there's in my head to these like layers of money and what it represents, because even on this show, I feel like the calls we get, it can be so layered. So like at one end, I want my kids to know. And I feel like my parents did this well from a. how they actually handled their money, and also what they communicated.
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You Won't Win With Money If You're Not Aligned With A Plan
How did you, how did you do that?
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You Won't Win With Money If You're Not Aligned With A Plan
Yeah. What's the expectation of the home? Like strings attached besides what you're just kind of feeling and thinking was anything ever said when they gifted you the home?
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You Won't Win With Money If You're Not Aligned With A Plan
And we were people of faith, and so there was this very, very high level that everything we have is not ours, and we are managing it for a greater good, and that's God in our faith walk. And so there's almost this way of having money be something that is bigger than them because we live in a world where it's so about me. I use my money for me, me, me, me, me, me, me.
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You Won't Win With Money If You're Not Aligned With A Plan
That's the reason that you're there is for a house. Yeah, that doesn't feel right. Yeah, that would be silly. That would not be wise long term. I think you're exactly right, Jade. So I'm just thinking through going to talk to them –
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You Won't Win With Money If You're Not Aligned With A Plan
I mean, yeah, I mean, I would definitely just tell them kind of what you're thinking and where you're at and maybe be a little prepared in the conversation of running some numbers of, you know, here's probably the top three areas I'll probably end up in and do some research and just say, OK, how much realistically will rent be realistically? What would life look like from a financial standpoint?
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You Won't Win With Money If You're Not Aligned With A Plan
And how long would you be in these cities? Yeah.
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You Won't Win With Money If You're Not Aligned With A Plan
Okay. So it's, yeah, it's a significant time. And when you're saying expensive, are you thinking like New York City, San Francisco, Seattle?
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You Won't Win With Money If You're Not Aligned With A Plan
Sure. Okay. Yeah, so I would run some numbers and just know, okay, here's how much it's going to cost me to live per month. I would not take out loans, Jason. Not at all.
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You Won't Win With Money If You're Not Aligned With A Plan
I think either you figure out another way to make some money to support yourself during that time, but also have that conversation and just say, hey, I'm looking at all my assets, and I do have this house in my head as an asset, but I want to be respectful of you all. Just tell them how you're feeling and just have a conversation about it.
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You Won't Win With Money If You're Not Aligned With A Plan
But be prepared with some numbers so you at least kind of have a plan going in knowing – here's the direction I'm leaning but you may not be able to afford it Jason if they don't give you this house
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You Won't Win With Money If You're Not Aligned With A Plan
Yes, I have, George. Sketchy and never trust them.
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You Won't Win With Money If You're Not Aligned With A Plan
Yeah, they do. Delete.me actually goes in and removes your information from data broker websites, and it is an incredible service that everyone needs.
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You Won't Win With Money If You're Not Aligned With A Plan
That's right. And then once they remove your information, then they're going to send you a detailed report telling you where they found your information, when they removed it, how many hours they've saved you. I mean, it is incredible. It's so detailed and it's beautiful.
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You Won't Win With Money If You're Not Aligned With A Plan
Absolutely amazing. And Winston and I now get fewer texts, weird emails, spam calls, all of it.
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Again, that's joindeleteme.com slash Ramsey. Make sure to check it out, you guys.
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You Won't Win With Money If You're Not Aligned With A Plan
And there's something, a higher calling almost in this. And so I think that's a very high level, right? That's the very top level. And that there's a spirit to that. And there's a way we make decisions as a family. There's a way we talk about money, the way we view money. And it's coming through that lens. So that's a pretty like high level view.
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You Won't Win With Money If You're Not Aligned With A Plan
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You Won't Win With Money If You're Not Aligned With A Plan
So skimping on insurance might feel like saving, but when life happens, it is not great because you may not have a safety net that you need, and we don't want debt to be that safety net. So the right insurance acts as a shield around your loved ones and your wallet if disaster strikes. And in some cases, it can save you money if you're paying too much for insurance.
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You Won't Win With Money If You're Not Aligned With A Plan
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You Won't Win With Money If You're Not Aligned With A Plan
So go to ramseysolutions.com slash checkup to take the coverage checkup or click the link in the description if you are watching on YouTube or listening on podcast. Up next, we have Derek in San Jose. Hi, Derek. Welcome to the show.
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You Won't Win With Money If You're Not Aligned With A Plan
Absolutely. Thanks for calling in. How can we help?
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You Won't Win With Money If You're Not Aligned With A Plan
Oh, wow. Between 10 and 12? Is that what you said?
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You Won't Win With Money If You're Not Aligned With A Plan
Oh, my gosh. That's going to be a houseful. That's fun. So great.
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You Won't Win With Money If You're Not Aligned With A Plan
And then there's kind of that next layer, which is what Jade was talking about, like delayed gratification. You know, I would put contentment in there. I would put gratitude in there. It's almost those emotions. around money. And there's fear around money. There's greed around money, right?
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You Won't Win With Money If You're Not Aligned With A Plan
Oh man, this is a hard one. Um, because, uh, I think it is a wise decision to do one. And I say that even more. I have a friend who's going through not a great situation, and she came in with a lot more. And now he's just – I mean, it's just messy. It's messy, messy. And there's a level – again, you're hoping and praying, obviously, that this is the one and that it's going to last a lifetime.
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You Won't Win With Money If You're Not Aligned With A Plan
Mm-hmm. But as you guys have experienced, you know, there is a reality to all of this. And whenever any of us get married, right, I think there is like this like, okay, I'm choosing you for a reason and for a lifetime. But we also don't live under a rock and know that things change in life and situations come up.
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You Won't Win With Money If You're Not Aligned With A Plan
And unfortunately, some really hard things happen and does cause marriages to break up, right, to enter into divorce. And we don't want that. So... What were the I'm curious, what were the parts of it that was making her because you guys went through a questionnaire together and it didn't sound like the questionnaire brought up a lot of red flags.
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You Won't Win With Money If You're Not Aligned With A Plan
But when she was actually like reading it, does she feel like she won't be taken care of if something happens or like what's the what's that underlying concern?
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You Won't Win With Money If You're Not Aligned With A Plan
There's a lot of these ties to who we are as people and how we view money from our emotional standpoint that plays a really big part in this. And that kind of plays into that more tactical layer, which is that bottom layer of how it actually looks like us handling it day to day. How do we earn it, right? Just like Jade was saying, we earn it through work and teaching them that. We give money.
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You Won't Win With Money If You're Not Aligned With A Plan
Yeah. Yeah, well, it sounds like you're being very gracious about this, Derek. I think it's such a hard line to be wise in a situation and being... I mean, you don't sound like you're drawing these crazy hard lines and you know what I mean? And you're pushing it like it's... Your tone feels very humble and gracious, which I... Yeah, I mean, I think she probably very much appreciates. So, yeah.
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You Won't Win With Money If You're Not Aligned With A Plan
I'm trying to think if I... We're in her position, which you never can fully do for somebody. You know, there's a part of me that I don't know. I think I would understand you're coming in with 12 million. And I understand that's not mine right now. Right. Like there's I don't know.
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You Won't Win With Money If You're Not Aligned With A Plan
We save money. We spend money. We do all three of those things as well-rounded people. We need to do all three. We don't want to spend everything we make because then we'll end up spending more money and money that we don't have. And we go into debt because of that. So we only spend what we have. We're always being generous and we're always giving. We're always saving for something.
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You Won't Win With Money If You're Not Aligned With A Plan
I'm not saying it's wrong. It's just tough. Well, and I think too, Derek, I think it's, I think it can feel like the $12 million is off in this corner and we're never going to participate in it. But I think it comes into its mind if something happens. But up until that point, it's ours. We're sharing assets. That's a good point. That is a very good point. We are living our lives together as one.
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You Won't Win With Money If You're Not Aligned With A Plan
But for some reason, if something ever happened in a divorce, this part still goes back to me. Does that make sense? I wonder if framing it. That's a good way to frame it. Because it can be hers, right? Like you guys can share on this. It's the only time it's not hers is if you guys legally go through a divorce. Does that make sense?
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You Won't Win With Money If You're Not Aligned With A Plan
Yeah. And it sounds like that's, yeah. And that sounds like your attitude because you're going to take some of our money and we're going to buy a house together with this money and use this money for our family. So I think it's, it's such a fine line, Derek. I mean, it's so hard, but I think I would keep it and bring in a third party.
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You Won't Win With Money If You're Not Aligned With A Plan
If there's a great marriage counselor or therapist, honestly, it's something to think through and even get other opinions because yeah, you want to be on the same page with this.
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You Won't Win With Money If You're Not Aligned With A Plan
Welcome back to The Ramsey Show. Up next, we have Melissa in Charleston, West Virginia. Hi, Melissa. Welcome to the show. Hi. How are you? Doing great. How can we help?
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You Won't Win With Money If You're Not Aligned With A Plan
We need that delayed gratification. And, you know, and that even gets down to as they get older, saving, you know, is talking about high yield savings. Account, you know, market accounts and high yield savings accounts and mutual funds and investing. And, you know, you get into like the really tactical and that's very age appropriate.
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You Won't Win With Money If You're Not Aligned With A Plan
Have you had any estimates on what it would cost to try to go through? And I mean, mold is such a, it's such a frustrating part of the, you know, that whole process of renovation, but have you talked to anybody? Yeah.
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You Won't Win With Money If You're Not Aligned With A Plan
But I don't know if that helps, Joseph, but I kind of see those three layers for me is something that I think about with my kids because money is complex. I'm like, it's not just the dollars. We wouldn't have an interesting show. That's right, that's right. It is. There's a lot to it. And a lot to it is because it's us, the people that are actually handling it in our character.
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You Won't Win With Money If You're Not Aligned With A Plan
Absolutely. How can we help?
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You Won't Win With Money If You're Not Aligned With A Plan
So those are kind of the, I don't know, those are just my thoughts. I don't know if that helps Joseph at all. Because it sounds like from what you were saying, your parents did a pretty good job. I mean, everything you said didn't have any red flags.
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You Won't Win With Money If You're Not Aligned With A Plan
How much are you making a year, Melissa?
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You Won't Win With Money If You're Not Aligned With A Plan
Okay, that's good. So, Melissa, I almost would just go rent somewhere. I mean, be paying the mortgage, go rent, because this isn't feasible. The two-and-a-half-hour thing, I think that adds stress. I think that's exhausting everybody, pulling the kids out of the routine. I mean, that's just miserable. I would just go rent somewhere. Go rent a one-, two-bedroom apartment, knowing it's short-term.
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You Won't Win With Money If You're Not Aligned With A Plan
Cheap, cheap, cheap. Yes, and just knowing, like, this is what we're going to do, just to have some stability from where you were. And then they can get back in school. Yes. And then from there, gosh, I would probably get even a second attorney's opinion. And sometimes they'll take cases and with what is won in court, if so, then that's how they get paid.
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You Won't Win With Money If You're Not Aligned With A Plan
But maybe there's kind of these deeper meanings that you were wishing you had more thought about earlier in your life that maybe helps then play into the tactical side. Yeah. I don't know if that helps, but I love that you're asking the question because I think it is an important topic to model for our kids and teach our kids.
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You Won't Win With Money If You're Not Aligned With A Plan
So you're not having to go deeply in debt with all this litigation and stuff. So maybe even from a different standpoint, from a payment perspective, you can find someone different on that end. But I would probably still pursue that because this doesn't – this feels – like a lot of negligence on the end of your inspector, even on the mold thing, which I guess is the biggest part of all of this.
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You Won't Win With Money If You're Not Aligned With A Plan
If he doesn't have to disclose it or find it, it has to be separate in West Virginia. I mean, that's just bizarre. And then I would be saving, and I would do the cheapest renovation you can to get this mold out that would be safe to resale so that you can, in good conscience, sell this home. Would you want to stay in the home if you did get the mold all clear? I don't, and I don't want to stay...
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You Won't Win With Money If You're Not Aligned With A Plan
Yeah. You don't know. You don't know. Yeah. So I would I would save Melissa really aggressively stage by stage. Be getting redoing this house from just the mold. Right. Not the up to code basement thing. You know, someone can renovate that if they want. But just getting the mold out, put it on the market and sell it. And in good faith to say, yeah, you know, this was cleaned up. Yeah.
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You Won't Win With Money If You're Not Aligned With A Plan
You don't know. I mean, yeah, the guy has a terrible reputation. You don't know what else is there, but you don't know. Right. And if the inspector finds something else, then we can deal with that. But I would put it on the market and try to sell it just to get out of it.
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You Won't Win With Money If You're Not Aligned With A Plan
Yes. I'm so sorry, Melissa. Such a headache. Terrible, terrible, terrible.
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You Won't Win With Money If You're Not Aligned With A Plan
Up next, we have John in Tampa, Florida. Hi, John. Welcome to the show.
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You Won't Win With Money If You're Not Aligned With A Plan
We're doing great. How can we help?
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You Won't Win With Money If You're Not Aligned With A Plan
Okay. Well, there's some money there. You can drop that down. You know what? Because the baby's on the way, we always say to kind of go in the stork mode, meaning I love that you're thinking about it and that this kind of was the motivator behind feeling like we've got to get our crap together because we're about to raise a human.
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You Won't Win With Money If You're Not Aligned With A Plan
But we always say when you are expecting, just actually pause paying off debt, but with the same intensity, be saving. So the goal would be to have a pile of money. And then when baby comes, which I guess you guys would be due, what, February?
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You Won't Win With Money If You're Not Aligned With A Plan
Oh, so soon. Oh, I'm sorry. I thought you guys just found out. No, it's been a couple months. Oh, gotcha. So just between now and October, just stash some money away. But create a plan as if you are paying off debt. And then once mom and baby are home and everyone's good and healthy, then take what you had saved and throw it at the debt.
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You Won't Win With Money If You're Not Aligned With A Plan
But what I'm seeing here, and it would be up to you guys, John, because as you guys kind of work through and kind of figure out... You and your wife will sit down and just say, OK, how much extra money could we earn? What could we cut out of the budget? You know, we earn, you know, 120. That's pre-tax. So what we actually bring home is, you know, around probably one hundred.
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You Won't Win With Money If You're Not Aligned With A Plan
And what if we tried to live on 75 and we, you know, we threw 35 this year and we made extra like you guys can sit there and kind of formulate, you know. Make up different scenarios of how you can get out of this debt faster. And then whenever you do that, I think it's always interesting. Cars is like the number one place where you can sell and get ahead.
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You Won't Win With Money If You're Not Aligned With A Plan
So I would see, okay, how many hours extra will I have to be working? Or how much longer will we have to cut lifestyle in order to keep this $30,000 of debt? Versus you guys possibly selling both cars, I'm just saying as an example. Yeah. You have around $3,000 each. You have 15,000 saved. So what if you threw an extra $3,000 at each and you went and got a $6,000, $7,000 car each?
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You Won't Win With Money If You're Not Aligned With A Plan
Then that takes $30,000, John, off the table of debt and frees up to Jade's point almost $850 a month extra now to continue to pay off debt that much faster. So it's kind of just a trade-off of time, energy, money. But whenever I see the cars... It's always where I go where I'm like, man, you can just jump so far and get out of debt that much faster with these assets.
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Don’t Look for a Hack When You Need a Grind
Do you have any money saved, Zach? Do you have like an extra thousand somewhere? No.
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Don’t Look for a Hack When You Need a Grind
Okay, no, you're great. Yeah, yeah, yeah. Yeah, the goal would be to get to buy a car in cash. And let me challenge you, Zach. So we're in Nashville, and on Sunday, for whatever reason, maybe it's because I knew you were calling in, Zach, and the Lord spoke to my heart. But I literally Googled $5,000 cars in Nashville.
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Don’t Look for a Hack When You Need a Grind
Because we get this call a lot, and people are like, well, I can't get a $5,000 car.
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Don’t Look for a Hack When You Need a Grind
and i looked up and i'm like oh my i mean you just can scroll and scroll and they're not terrible looking cars i mean you know they may be like 10 years old or something but i'm just saying you have fifteen thousand dollars i would save up another two thousand and you can and you can get what you can get a twenty five hundred fifteen hundred fifteen hundred i'm sorry that's what i meant fifteen hundred but you can get a three thousand dollar car yes and they're out there they are out there what was your old car payment
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Don’t Look for a Hack When You Need a Grind
Yes. Todd asks, should I consider converting my employer match each year in my 401k to Roth dollars and pay the taxes now? I'm 31 years old and wondering if converting the match each year will benefit our financial future in retirement. Yes. Yes.
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Don’t Look for a Hack When You Need a Grind
Yes, Lauren Gallegos is the illustrator for all of them, and she just, I mean, did a fabulous job. So, yeah, it's a really sweet book, and it's short. You're welcome, parents.
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Don’t Look for a Hack When You Need a Grind
No, I know, but if you had a full one and you were converting a lump sum, could you divide the lump sum into half and just convert half of it and half of it? Like take it in time.
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Don’t Look for a Hack When You Need a Grind
And on each of these books, I always try to add an element for the adults at the end. So just a sweet reminder, right? When it comes to contentment, there's that. And then this one for gratitude, that joy in life really is the gifts that God has given us from our brothers and our sisters and all of that to understanding that when we give, it is a joy unlike anything else that money can buy.
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Don’t Look for a Hack When You Need a Grind
Gus, what's the line of thinking that this degree is the thing that will get you in the job if you haven't had interviews anyways? Is it on the applications like what you're seeing? You're like, oh, I need that advanced degree for sure. Or is this just a it's going to look better in general and you think that's going to help you?
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Don’t Look for a Hack When You Need a Grind
I was going to say, in that many years, who knows what the interest rates are going to look like.
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Don’t Look for a Hack When You Need a Grind
And it's just fascinating the way real estate shakes out because we were even talking on one of my shoots, the Rachel Cruze Show shoot yesterday, that in 2021, 2022, people were afraid it was a bubble and everything was going to pop because of how quickly prices rose and increased. And now they've just stayed there, which has made the market tough, right, to get in.
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Don’t Look for a Hack When You Need a Grind
Well, it's just letters on that one. Yeah, totally.
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Don’t Look for a Hack When You Need a Grind
What you had to have in 2017 looks so much different than what you have to have today. So it is difficult. But if you go to RamseySolutions.com slash real estate, that's kind of our real estate home base, if you will.
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Don’t Look for a Hack When You Need a Grind
so much information because we know this is a big topic for people so this is everything from talking about agents to your first time home buying or if you're looking to move what the market's doing there's articles podcasts there's so much there so if you have interest on real estate and more what Ramsey has to say you can go to ramseysolutions.com slash real estate and check it out check it out there Matthew's in Omaha hi Matthew welcome to the Ramsey show
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Is there any time to pull money out of retirement? If you're still working, you're at retirement age, you can do it without penalty. Is there ever a time you'd say, yeah, yeah, use your retirement for that?
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Don’t Look for a Hack When You Need a Grind
Yeah, they're pretty fast. And they rhyme. They're very sweet. Great message. But yeah, we get to the point. So you're welcome, parents, for that.
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Don’t Look for a Hack When You Need a Grind
Fun way to make some good money, too. 50 grand.
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Don’t Look for a Hack When You Need a Grind
Today's question comes from Jamie in Minnesota. She said, my husband and I are 51 and 53. We're debt free and have three cars that are fully paid for with a household income of $150,000. We are debating whether or not we should sell one of our cars worth $50,000 and apply that to our mortgage. We owe about $90,000 on our mortgage.
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Don’t Look for a Hack When You Need a Grind
and will be paid off in one year if we sell the car versus three years if we do not sell the car. My husband thinks you should not pay off your house early because we can't deduct the mortgage interest on the tax returns, and he's afraid we'll owe the IRS. Last year, we paid $3,097.66 in mortgage interest. Can you provide some feedback on that and what your recommendations are?
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Don’t Look for a Hack When You Need a Grind
Okay, so what causes you not to be able to move out because of their financial struggles? Walk me through that.
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Don’t Look for a Hack When You Need a Grind
The tax write-off. It's like the Schitt's Creek episode where he's like, well, just, it's a write-off. And he's like, yeah, but who's writing it off? He's like, I don't know. The write-off people. It just gets written off. It's like this mystical idea of the tax write-off.
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Don’t Look for a Hack When You Need a Grind
Oh, yeah, always. It's like, well, I don't know. It's a tax write-off.
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Don’t Look for a Hack When You Need a Grind
Because for a majority of people, you get a better deal if you just take the standard deduction anyways.
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Don’t Look for a Hack When You Need a Grind
And that's probably up to more in the last, what, 10 years?
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Don’t Look for a Hack When You Need a Grind
Because this was a main point back in the day at our live events, back in 2004. Yep. This was a big discussion. And now it's not. You don't hear it as much anymore.
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Don’t Look for a Hack When You Need a Grind
And the other argument for not paying off the mortgage is I can make more in the market versus what I'm paying in interest.
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Don’t Look for a Hack When You Need a Grind
Hi. Way to go. Congratulations. Thank you.
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Don’t Look for a Hack When You Need a Grind
So incredible. Okay. So what happened six years ago? So you graduate college.
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Don’t Look for a Hack When You Need a Grind
Okay, so you moved to Nashville. Yes. And it's a fun.
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Don’t Look for a Hack When You Need a Grind
Yeah. Oh, my gosh. OK, so I want to know from the moment you so you moved to Nashville and Nashville is a fun city, right? I mean, there's things happening. Stuff is, you know, people are going out. I mean, it's it's an enjoyable town. So what what was the pressure like or what was the feeling, the sacrifice, like the heart of saying no? you know, to a life?
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Don’t Look for a Hack When You Need a Grind
Like what were the things that you said no to that were really difficult?
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Don’t Look for a Hack When You Need a Grind
Which is what helps put a dent in 200K, right, of debt.
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Don’t Look for a Hack When You Need a Grind
Right. Yeah, maybe they need to act like it. But in a family dynamic, I mean, I think Dave's calling out the dysfunction in that, that they're leaning on you to help them in their situation.
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Don’t Look for a Hack When You Need a Grind
What's the math of the mortgage right now, John?
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Don’t Look for a Hack When You Need a Grind
Yeah. So that's what I would say to you is you have to be able to release that yourself because that is not your responsibility, even though the dynamic may feel like it is. And there's always a weird element with adult kids when their parents are in trouble to feel like they've helped me. They raised me. They gave me a roof over my head growing up.
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Don’t Look for a Hack When You Need a Grind
Is your wife expecting or do you guys already have the baby?
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Don’t Look for a Hack When You Need a Grind
So I, in turn, feel obligated and debted to help them. Is that true? Yes.
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Don’t Look for a Hack When You Need a Grind
um everything except for my wife she's totally on board with getting rid of this place okay she's like i want out yeah well it's not fun for her and and the interesting thing john is you know we we have a phrase called financial peace it's one of the books that dave wrote but but that is it is what we want for people is peace we want peace and just like you said dave like It's a house.
The Ramsey Show
Don’t Look for a Hack When You Need a Grind
It's just, it's a house. And it's not worth the stress and the anxiety and any level of status of home ownership or like whatever the play is for you. It's not worth it. Your peace is worth so much more than stuff. And that's true for cars or anything, but it feels magnified because a house, it is big. I mean, it's a $300,000 idea and it's where your family lives. There's emotional attachment.
The Ramsey Show
Don’t Look for a Hack When You Need a Grind
I mean, all of it. But get rid of it and go rent somewhere and just breathe for two to three years.
The Ramsey Show
Don’t Look for a Hack When You Need a Grind
Because they gave you that gift. Correct. Right. Well, and that's a false obligation.
The Ramsey Show
Don’t Look for a Hack When You Need a Grind
Right. Correct. Lorraine, how old are you? I'm 26. OK. Yeah. I just want to give you that permission to have that freedom to build your own life. And what it's going to force you to do as well is to say, oh, crap, I don't have mom and dad as a safety net anymore because it's not good for them. And ultimately, it's not good for me. So I'm going to have to make hard decisions as well.
The Ramsey Show
Don’t Look for a Hack When You Need a Grind
And that's a tough spot. And I'm sorry. I'm sorry. It's all coming to a head because of the situation. But I would I would I would look at it as a gift in that way.
The Ramsey Show
Don’t Look for a Hack When You Need a Grind
Yes, it is. I know. I'm so excited. So I'm glad when I can share. So this is the kids book on generosity. And I went with the sharing element because for our little ones, teaching them to open their hand and share is kind of that first step in generosity. But it concludes my series. I did one on contentment, gratitude, and this is the final one for generosity.
The Ramsey Show
Don’t Look for a Hack When You Need a Grind
Well, I think the scary thing, Jennifer, is you don't have a lot of answers and you won't have a lot of answers until after the baby comes, correct? Correct.
The Ramsey Show
Don’t Look for a Hack When You Need a Grind
absolutely with the health situation so i i i'm in no there's no panic to do anything with this money i would just keep everything we would tell you to pause everything anyway since you are pregnant there's nothing else to like majorly do and i i would wait till baby comes you're good run some tests and if and if you're in the same position
The Ramsey Show
Don’t Look for a Hack When You Need a Grind
in 18 months financially you're okay and then you can make some big you know decisions but i think you can take a portion of this and put it in a brokerage account would you tell her to go get a house right now dave's kind of smirking no no i wouldn't i would sit where i am and just you could throw it in a high yield savings and it doesn't matter what you do with this money for 18 months but you weren't going to put this brokerage account down as the down payment on your house were you
The Ramsey Show
Don’t Look for a Hack When You Need a Grind
So this is the three kids book series. And the third one is out today.
The Ramsey Show
Don’t Look for a Hack When You Need a Grind
After the realization of the medical expenses and the lost income.
The Ramsey Show
Don’t Look for a Hack When You Need a Grind
So yeah, your challenge, Jennifer, is going to be resting in the peace of what you've created. Yes. I mean, that's it. So lower the stress. Enjoy this pregnancy. Breathe. Just like Dave was saying, you're good. You are good. Don't make big moves right now. Have the baby. But between now and baby, you are secure and great.
The Ramsey Show
Building Wealth Is Hard but Being Broke Is Harder
Yes, I have, George. Sketchy and never trust them.
The Ramsey Show
Building Wealth Is Hard but Being Broke Is Harder
Yeah, they do. Delete.me actually goes in and removes your information from data broker websites. And it is an incredible service that everyone needs.
The Ramsey Show
Building Wealth Is Hard but Being Broke Is Harder
That's right. And then once they remove your information, then they're going to send you a detailed report telling you where they found your information, when they removed it, how many hours they've saved you. I mean, it is incredible. So detailed and it's beautiful.
The Ramsey Show
Building Wealth Is Hard but Being Broke Is Harder
Absolutely amazing. And Winston and I now get fewer texts, weird emails, spam calls, all of it.
The Ramsey Show
Building Wealth Is Hard but Being Broke Is Harder
It's amazing. So again, that's joindeleteme.com slash Ramsey. Make sure to check it out, you guys.
The Ramsey Show
Building Wealth Is Hard but Being Broke Is Harder
All right, Dave, you have some strong opinions.
The Ramsey Show
Building Wealth Is Hard but Being Broke Is Harder
Yeah, I think so. Okay, because you really prefer credit unions over big banks. So why is that?
The Ramsey Show
Building Wealth Is Hard but Being Broke Is Harder
Yes. Well, and I think we have found one that is incredible, and that's Fairwinds. They are an incredible credit union that is really out with the heart to help the customer.
The Ramsey Show
Building Wealth Is Hard but Being Broke Is Harder
Yeah, absolutely. And you're right, their customer service is unbelievable. Winston and I just signed up and we got an account. And I'm not kidding, it took less than five minutes. It was so user-friendly, like the step-by-step approach was unbelievable. And then the next day my phone rings and it says Fairwinds on my phone.
The Ramsey Show
Building Wealth Is Hard but Being Broke Is Harder
So I answered it and talked to someone there and they said, yeah, they give calls to every new customer. And so again, they just really care about your experience. And I so, so appreciate that. So again, you guys, I know it can be a pain to switch banks or to open up new accounts, but Fairwinds, again, they make it so easy.
The Ramsey Show
Building Wealth Is Hard but Being Broke Is Harder
Plus anything that you can do at a traditional branch, you can do with them at fairwinds.org or on their app. And you'll have free access to over 33,000 ATMs.
The Ramsey Show
Building Wealth Is Hard but Being Broke Is Harder
Yeah, you guys, it's so easy to join Fairwinds no matter where you live. So go to fairwinds.org slash Ramsey to learn more. That's F-A-I-R-W-I-N-D-S dot org slash Ramsey.
The Ramsey Show
Life Happens—But Your Plan Doesn’t Have to Fall Apart
Hey, you guys, health insurance costs are only moving one way, and that way isn't down. And if higher costs aren't enough, the wait times to see your doctor are longer, and it's harder than ever to get anything approved through the bureaucracy. So if you feel like the system is working against you, try a biblically-based alternative to health insurance, Christian Healthcare Ministries.
The Ramsey Show
Life Happens—But Your Plan Doesn’t Have to Fall Apart
CHM is a health cost-sharing ministry that's helped hundreds of thousands of families like yours take care of over $11 billion in medical bills since 1981. CHM has also helped them stay true to their values and avoid miles of red tape. And CHM's support goes far beyond meeting financial needs. They also help meet spiritual needs.
The Ramsey Show
Life Happens—But Your Plan Doesn’t Have to Fall Apart
Members become part of a family who will pray with them and for them when they experience a medical event. So listen, y'all, there's a better way to take care of healthcare costs. CHM programs start as low as $98 a month. So learn more today and join at chministries.org slash budget. That's chministries.org slash budget.
The Ramsey Show
Life Happens—But Your Plan Doesn’t Have to Fall Apart
Hey guys, Rachel Cruz here. All right, I'm about to say what everyone already knows, but budgeting is a good thing to do. Now actually starting, well, that's where people freeze up. And you guys, it doesn't have to be that way. With the EveryDollar budgeting app, getting started is super easy and so is sticking to it.
The Ramsey Show
Life Happens—But Your Plan Doesn’t Have to Fall Apart
You can set up your first budget in less time than it takes to go through the Chick-fil-A drive-thru. It's fast. And the best part? With unlimited budget categories, you can customize it to fit your life. Grocery runs, coffee runs, or planning your next family trip. Whatever you have going on, EveryDollar helps you see exactly what's happening with your money.
The Ramsey Show
Life Happens—But Your Plan Doesn’t Have to Fall Apart
You'll know what's coming in, what's going out, and what's left over for some fun. Because let's be real, you need some fun in your budget. Every dollar keeps budgeting simple and stress-free, just the way you want it. So go download the app for free and get started today. Again, go download EveryDollar today.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
I wouldn't say do anything completely wrong unless you took all this money and just like blew it or put it all in like one single stock or something. But I think real estate and some in retirement would be great. But I would also recommend sitting down with one of our SmartVestor pros. We actually just met one in the last break that's here from Seattle.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
And a SmartVestor pro can sit down and really help look at all of this with you as well. And just kind of your long-term plan of, retirement, um, long-term goals that you may have and be able to let this money work for you in that way as well.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Yeah, that would be some good numbers to kind of play with. If you go to RamseySolutions.com, our investment calculators there and plug in some of the numbers and just say, what if I just invested, you know, all this $500,000 in a mutual fund? Because if it doubled, you know, every seven years is kind of the rule of seven, that could be exciting to you.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
And it may be less work and headache as real estate. But if real estate is something you love too, maybe you take some of this and buy a paid for property. Thanks, Amy, for the call. Welcome back to The Ramsey Show. Up next, we have Brent in Cincinnati, Ohio. Hey, Brent, welcome to the show.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Go ahead. Well, yeah. Why is she attached to it? She just likes it a lot?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Well, the fact that she's not going to be able to consider it. Is she sitting there with you, Brent? Tell her hi for us. What's her name?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Hey, Elizabeth. So, yeah, I mean, when you put yourself in a position when you purchase something and say, well, I'm just not I don't want to look at anything cheaper. You've kind of already made your decision. I mean, if you guys don't have the money and you don't look anything cheaper.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
I mean, I guess the only thing that you guys have decided at that point is, yeah, you're going to take a loan out and buy the car. We would advise you differently.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
um and so you called the show so we'll give you our advice i don't know if you're going to want to take it um because what you'd realize is you've been you've been basically renting this car for three years in the most expensive way possible in the most expensive way yeah and i know you know you can't really tell the interest rate on a leased car but when people you know actually ratio it out it's it's high it's it's usually more expensive than if you went got a traditional car loan it
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
So then you're going to take a $19,000 loan, pay interest on that, and then we're going to look up in four to five years and this $19,000 car is going to go down to probably $10,000 or $12,000 in value. So when it comes to cars, it is...
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
One of the places that financially speaking, I mean, it's kind of one of the dumbest debts you can get into from a financial perspective because, again, you're borrowing money and paying more on that borrowed money because of interest on an asset that's going down in value versus like a house, a mortgage, right? You take out a mortgage.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
You do pay interest on that loan, but the value of that home is going up at the same time. So the car itself is not a wise purchase to make when you don't have cash for it. So my next question to you guys would be, do you have any cash available to you?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Okay, good. How much debt do you guys have?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Okay. How much do you guys make a year?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Combined. Yes. Are you both working?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
but we just don't have the money yet and i don't want to make decisions on we'll have more money later yeah i want to make the decision for sure we have absolutely which is very wise very very wise so yeah a forty thousand dollar income there's no way i would take a nineteen thousand dollar loan for a car no you can't afford it do you guys have kids yet
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I am Rachel Cruz, hosting this hour with my good friend and best-selling author, Jade Warshaw, and we'll be answering your questions about life and money, relationships, career, so give us a call at 888-825-5225.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
And I'm going to say this, Brent, and I'm going to be very as kind and fun as Rachel is. But what the life you guys just described to us from a financial perspective only is so normal. Mm hmm. You know, you have a personal loan to the parents for I'm not sure why you got wedding rings. You don't have money. So you guys took out a loan. You have some credit card debt.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
You have a car lease like this is you guys are y'all are the normal Americans out there. But the problem is, Brett, normal is broke. Normal is 78 percent of Americans today are living paycheck to paycheck, meaning if you miss a paycheck, you don't have enough to cover your bills. So if you guys decide that you want to continue to live normally, then what you guys have so far decided is that.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
And normal would be to go just keep the $19,000 car because you like it. That is normal. And you will have normal results because of it. But what we encourage people is to flip all of that onto their head and actually say, what is the weirdest thing we can do?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Because if I get the results of normal, which is paycheck to paycheck living and not being able to build wealth and not be able to invest or save for the future or have any amount of money in savings, like I don't want to be normal. That's not where I want to be. And if you guys look at each other tonight and say, we don't want to be that. We want to be people that have no debt.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
We have an emergency fund. We're actually funding some retirement for the future. We have a house that we can afford. It doesn't stress us out. We have margin in our budget. Like this life that can be created, Brett, is possible. Totally possible. But you can't get there if you keep doing normal things.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
So what Jade's saying is a one-car family for a couple that doesn't have kids, is that inconvenient? No.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
yeah is that weird yeah but you know what you don't have a car payment because that car payment on the $19,000 car it's going to be $600 that you guys don't have like so you have to make different decisions if you want different results Brett and that's going to mean not taking out a loan for a car for you guys the reality is a one car family it's saying goodbye to my emotions saying goodbye to what I want
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
And what I love and all the things that got me to this place. And you put all that aside and you guys are like, we're adults. We're adults. And we're going to make adult-like decisions and we don't have the money. We can't afford this car. You can't afford this car, Brett. At $40,000, you can't afford half of your annual income going to the value of a car. It's not good. That's not wise.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
And and I would be working like crazy to get your income up. And and I would start working to get out of debt. I mean, you guys could get all this paid off. Your debt's not crazy. I mean, you know, twenty five hundred four thousand like you guys can get this cleaned up really fast.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
If you just say we're going to be weird and we're going to work 60 hours a week because we don't have kids and we're going to take side hustles. We're going to drive Uber. Right.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
I think one of my favorite things right now in life, Jade, is I will hear a trend that, and not to point fingers at generations. Point them. Gen Z will come up with. And you hear it and you're like, well, that sounds familiar. I think we've been doing that.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
One of them was cash stuffing. This was like two years ago. They came up with someone on TikTok was like, we're going to cash stuff, which means you take cash.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
and put it in different compartments like envelopes to pay for things and they're calling it cash stuffing it was this new like that's such a wise idea how smart you know it was a new trend and we're like that was the envelope system that's been happening wallets or yeah i was like i think i We have a product for that. We have a wallet for that if you want that.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Another one was like they have it's they call it dinner parties. Yeah. And like and everyone brings a dish. So instead of going out to eat, you bring a dish and they're calling it a dinner party. Like, isn't that a potluck? Like, is it? Have you been doing this like in the Baptist churches?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
oh like selfie to like get around the spouse of your purchases yeah so yeah these these things that have been going on they just kind of put a little genzy like sprinkle dust and excitement a little glitter on it and make it a little bit exciting so there's a new trend okay um that they have come up with and it's now like trending on social and it is called slow shopping is what they're calling it where it means you don't just buy something when you want it
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
You wait to see if you really need it.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
So slow shopping, it's become a big trend now among the Gen Zers, which we applaud. We are all for this quote unquote new trend.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
You don't have a job. So because what you're saying is when you went to actually start working, then you basically priced yourself out of the situation you're in from your apartment to everything else. Is that right? Right, right. So like I was losing more than I was making.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Yeah. But the idea is that, again, shoppers are now cautioning each other to be slower when When they're making purchases, not go off of emotion. And even if there are deals and promotions, still wait to see if you need it. Don't fall for those traps. Wow. Which is very smart. So, yeah, the whole idea of spending and consumerism has always been something we've talked about here.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
But the slow shopping. Yeah, we are all for Gen Z. This is wild.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
And then there's another one. And then you're ready for this one. Okay. This is on TikTok. This is the latest financial trend. It's called under consumption core is what they're calling it, where it basically means that you don't buy anything that you don't need.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
So you just use what you have already.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
that's all and if you you know actually have something you need then you can buy it but if it's just something you want we're not buying it and they're calling that under consumption core which again has been around forever jade you know this whole idea of like um you know being the core part what's the core i don't know i hear these terms and i'm like i don't i don't know what it means okay kelly may be able to tell us she i feel like she's like in the trends she's like i don't know either um
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Yeah, but under consumption core is what they're calling it. But again, this consumerism and this idea of what we've been teaching at Ramsey for decades is, yeah, if you don't have the money, don't buy it. Your needs versus wants is always something to consider because there will always be a new and better thing. But if you don't have the money, don't buy it.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
So I'm glad that Gen Z's picking up on that. This is good. This is a good trend. And it reminded me of, there's a Saturday Night Live old skit, old skit with Steve Martin, Amy Poehler. I think, do we have it? Okay, let's play that. This is what it reminds me of.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
How quickly will your rent, because you said it will take them a year to realize that you're not getting the extra $600 a month. Will that same be on the other end, that if you start working and making money, will they raise your rent? Yes. Okay, but why would they raise it but not lower it, depending on your situation? I... I don't know.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
there you go what a concept such common sense such common sense so yeah america follow follow jen's ears you know when you're gonna buy something especially this holiday season be a little slower with your purchasing make sure you have the money for it and you know if it's not a if it's not a need maybe you skip it maybe you skip it and live in that under consumption core uh trends it's just so great i feel like it should just be under consumption yeah i don't know that's it yeah
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Talking to two millennials here. Oh, wow. Okay. Oh, all right. Let's go to San Antonio, Texas. And Regina is with us. Hey, Regina. Welcome to the show.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Yeah. Same idea. Well done. Thanks, Regina. Thanks for keeping us young. I got you. So good. So good. How can we help?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Okay. Yeah. Shoot. Okay, Regina, we're going to answer your question. I think our phone systems just got a little crazy.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
That's what it did sound like. Somebody was sending us a fax. Yes. Okay. So we'll talk through this, Regina. I'm so sorry we had to cut you off because of that. That's all right. We got it. I can't ask any follow-ups, but... Yeah, to be a great influence, I think is number one.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
I appreciate you even thinking about people in your life and saying, oh my gosh, I know someone does look up to me and watches my decision making and I want to be able to help them when it comes to this. So first, I'll give you my number one is always, always, always people are going to see what you do more than what you say. And so she's going to be watching you
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
do this and she may be watching you you know take on an extra job to pay off debt she may be watching you um say no to a vacation that all your friends are taking and you're like yeah i'm not going because i'm paying off debt like as you live this out that is going to speak so loudly because even like your parents you know yeah they're like you know they may have said something but then also they're like yeah but you can get a credit card and they probably live with credit cards and live with some debt and you just kind of follow what you know and what you see how people act
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Honestly, I'm really confused about it because... Yeah, I would get some information, Jules, because here's the thing. I could understand the rock and the hard place that you're in of like, okay, once I start this track of actually making some money, then the life as you know it will change. But I want to encourage you, the life as you know it...
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
as you watch them and so by you just simply living just know like that is a great starting point because she's going to be seeing what you're doing and realizing oh she's not stressed about money yeah god regina has has margin to spend and she's like saying no to things and she's going to be watching your decision making
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
And if you guys do have a great relationship, you know, sitting down with her at lunch and just telling her what you're doing and just being like, oh, my gosh, OK, I found this new show and I'm so excited about I'm paying and talk about what you're doing. and not point the finger at her and just say, if you ever have any questions, please like call me.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
I want to talk about this and I would love to help. If you want help, like I'm here for you, you know, just offering that door to be open. Thanks Regina for the call. Thanks to everyone in the booth. Thank you, Jade, for a great hour. And we'll be back America. This is the Ramsey show.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I am Rachel Cruz, hosting this hour with bestselling author Jade Warshaw, and we are answering your questions about life and money and relationships, career, anything and everything. We are here for you.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
So first up, we have Stacia in Nashville. Welcome to the show.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
will change to something better something that you have way more say over your life you have way more choices and options and freedom and opportunity to do some amazing things and and so that that jump is going to be scary and I want to help you real quick we just have a few minutes to try to set you up well for when that jump is going to occur not not if because I do I want you I want you to be working and I want you to be able to support is it do you have one child
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Yeah, it's a great question. Is the $50,000, will that be enough to cover the land that you're looking at?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Yeah, because the land, would you guys want to, in your perfect world, would you move there before eight years? Or is this like in 20 years?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Yeah. And it's, you know, $50,000, which is a lot of money, but it's also like, that's the price of a new car for some people and they replace their car and they, you know, they, so yeah, it's not like we're talking about $500,000 and the house could, your primary residence could be paid off today or something. It's a reasonable amount of money. Cause how much do you guys make a year?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Combined, we're at $310,000. That's great. Okay. Yes, I would for sure. I would, yep, I would save it. And I'll even go a little further because I'm such a spender. To really get what you guys want long term, if you're looking at other properties, you're like, gosh, if we had another $10,000, that would be...
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Like don't, because you're not in a rush, don't cheapen the purchase by just being able to say we got it. So really looking, and I'm sure you guys have done your research and maybe 50 grand is just enough and like it's perfect and you're getting what you want. Slow shopping, Rachel. That's right, slow shopping.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
To be able to get, you know, so maybe 50 grand really will get you guys exactly what you want and that's amazing. But I would also say you guys make great money. Yeah. You're in baby step six. You're doing great. And again, if you're like, yeah, but 10 grand more and be disciplined in this. Don't let it go crazy.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
But like 10 grand more would really get us this view here, this, that, whatever it is. Maybe even pause a little bit, save up a little bit more and get what you want as well.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
yeah okay as a toddler he's he's almost two okay and your mom's helping you out a little bit with child care it sounds like well she doesn't help me with child care just just with finances oh okay just with your phone and your and your car so with your car do you have a car payment that she's paying or is she helping you just with gas and everything else just with just with gas and like insurance okay okay um
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Would you guys use the land between now and eight years just to go and I don't know,
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Well, I'm glad you called because, yes, you have our permission because you're paying cash and it's a reasonable amount compared to what you guys make and overall your financial life.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
yep nope it's great and congratulations well done that's always refreshing to hear it's kind of that first generation of hey we're doing something different with our money and and and hear that too since she's 17 she's been doing this maybe not as aggressively in high school as you are when you're working adult but this is a marathon it is a long-term play yes they are rhythms in your life at which you adopt good money habits and you get to be a point to say yeah you want to buy some lands so i'm so glad you called this is the ramsey show
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Welcome back to The Ramsey Show. Up next in Boone, North Carolina, we have Sierra on the line. Hi, Sierra. Welcome to the show. Hi. Thank you. Absolutely. How can we help?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Were you guys hit hard? Were you one of the towns?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Um, biology. And what's the goal with that? What do you want to do?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
six hundred and sixty eight dollars there's some money problem sierra you gotta sell that car you gotta sell it actually and i'm trying to figure out how to sell it so i'm not sure because i'm thirteen thousand dollars flipped on this oh wow so you okay so you owe twenty eight thousand and how much and you're saying you really can't sell it except for fifteen thousand is what it's worth
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Okay, so don't do the dealership route because they will always give you a much lower rate than what you could actually sell at private sale for. So go on kellybluebook.com, put in all the info, and just see on the high end what you could get for it, okay? So the dealership told you how much would they pay for it? $6,000. Oh my gosh. Wait, $6,000 and you owe $28,000? What kind of car is it?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Yeah, I would... Okay, I think... Yeah, I would be selling this car Sierra for sure. And even if it's... Even if you can only get $16,000 for it, I would rather have a $16,000 loan than a $28,000 loan. Does that make sense? Like that's going to change your numbers a whole lot. And if I were you guys, do you guys have kids? We have a two-year-old. You have a two-year-old. Okay.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Yeah. I mean, honestly, because you can always go back and get a motorcycle again. But you guys, I mean, to your point. I mean, it's going to cut that payment down when she gets a loan for whatever it is. Oh, almost half. Possibly. Yeah. I mean, it'd be, yeah, you guys would have an extra $300 a month coming in. Yeah. So there's, and there's decisions here. And I think Jade set it up really well.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
And it's a, it's a, it's kind of a hard pill to swallow in life, but it's understanding that, you know, as adults, we make decisions around our life and not all of them. Yeah. Not all of them are right or wrong. It's not this, you know, Oh gosh, you shouldn't be in school right now. It's not that at all. It is though. We have decided to do this route. And because of that, we,
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
We're not going to have a lot of money. We're going to feel broke for three years until I get through school and until I get a job and all that. And in three years, it's going to look different. But in the meantime, what can we do?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
What other decisions can we make that are going to be adult-like decisions that may hurt and they're not fun, but it's things like getting the extra job like you guys are doing. It's selling stuff. to see what you can free up. It's getting out of debt and freeing up income.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Cutting up credit cards. Yeah, I mean, it's doing a couple of these, making some of these decisions within the big decision of the lifestyle you guys have made just to make it easier, Sierra. And that's the thing is we want peace. We talk about financial peace is what we want for everyone.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
And that peace is going to look different depending on everyone's situation and the way they view life and all of it. It's a little bit subjective to a degree. But you don't have peace right now. And so what I would fight so hard for is in these three years, how can we get some peace? And being able to free up some money would bring some of that. And how do we do that?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Well, I just listed out a couple options from jobs and selling stuff and all of it.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
And then together with your husband. Yeah, y'all will be making $130,000 before taxes. Like that's amazing. So the light is coming. But it's getting to the light that I think is really key and what decisions can we make in between. And these are hard, Sierra. I understand like... These aren't fun. It's not always fun, but it's getting you to a goal that you guys want together.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
And part of that is you still being in school. So I commend you for having a two-year-old and doing this. And I'm so sorry about the devastation in your area. We think about you guys so much. So we're praying for you. Thanks for the call. Welcome back to The Ramsey Show. Our question of the day is brought to you by WhyRefi. WhyRefi refinances your defaulted private student loans.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
And defaulted means when the borrower can't make the required payments. So if that describes you and your private student loans, contact Y Refi. They can offer a lower fixed rate loan and they will have it built for you. So go to Y Refi dot com slash Ramsey today. That's the letter Y R E F Y dot com slash Ramsey may not be available in all states.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
I know. Yeah. You're the primary residence in which you live. Yeah. Some people, there's not a lot of options. You kind of are stuck, you know, depending on your situation. But you want to feel safe. I'm like, that's the one place in life that, like, you can go, yeah, and not have to think. And for your kids, yeah, where you're not worried about them and everything.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Play out in the yard and have a good time. Yeah. So I...
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
I may talk to him and just see not what he would change but if he's thinking of what his long-term plans are because who knows he could say oh yeah in the next two years I'm leaving and going somewhere else or whatever right and then this problem it's short term I would not have the conversation with the hopes that you can change the way he does life and all the you know how he's lived thus far that's not going to change yeah but I would be curious what his long-term plans are and if he doesn't have any then I probably would be moving
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Just to feel, yeah, just to, I mean, you have the option, you have great equity and just to feel safe again. I mean, honestly, it's like, golly, I just want to enjoy my house and what's around me versus like rolling my eyes every time I go in. And again, some people- there's no option and you will be in the house that you're in because of interest rates and everything.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
So, um, they've got options. Yeah. It's a, it's a, it's a blessing to be able to say, Hey, we can, we can actually make a different move.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
I love it. But thanks for the question, Teresa. All right, let's go to Adam in New York city. Hey, Adam, welcome to the show.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Will you have long term medical issues at all?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Oh, yeah. No, I don't want you to. I'm just thinking for part of this money, if there was going to be ongoing high medical care for you, that that was going to be part of my answer.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
So we're gonna start off in Spokane, Washington, and we're talking to Jules. Hi, Jules. Welcome to the show. Hi. How are you doing?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
I just want to make sure you have the cash for all of that.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
I'm sure. Yeah. Well, I'm glad you're, I'm glad you're doing okay.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
If I were to pay all my bills myself, like what about housing? Because will you price yourself out of the current situation you're in? Yeah.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
So what would be a, what would be a number that's like, oh yeah, that's, that feels like a good house for us. Good area. It's what we want. What is that? You said starting at 450, but is that what you're thinking around 450, 500?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Well, honestly, Adam, that's that's probably what I would. That's what I would do. I mean, and again, I don't feel the pressure to pay for it all in cash. But if you see a house that you like and you guys have to take out a $50,000 mortgage, I would do that. And it will feel house poor, but that means the largest expense in your life. There is no expense to it. It's the opposite of house poor.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Yeah, you guys can be able to cash flow so much retirement out of this and put so much money in investments. That's what I would do. That would be a huge way to get a jumpstart on this. Yep, that's exactly what I would do.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Thanks for the call, Adam. Welcome back to The Ramsey Show. I'm Rachel Cruz hosting today with bestselling author Jade Warshaw. And we are taking your calls. And up next, we're going to north of the border, Jade. We're going to Toronto, Canada. All right. And we're going to chat with Diana. Hey, Diana. Welcome to the show. Hi, how are you? We're doing great. How can we help?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Like I was just like, you know what? I need a break. How are you eating Diana? Like, and I'm not being facetious, honestly. How, how are you having money to live?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Yeah, so I think that there's, yeah, I would say a couple of things, Diana. So the rush to pay off the mortgage, because you have no other debt but the line of credit, correct? The $8,000, and then that's it. Exactly. So the rush to pay off the mortgage, number one, we don't tell people to rush to pay off their mortgage.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
We say that it is in the baby steps at which after you're investing, you don't have kids, so there's no kids college, then you would pay extra on the house. So it's not this urgency to pay it off quickly, but it is an intentionality that you want to pay it off fast. faster than for Americans, the typical 15, 30 year mortgage.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
We wanted to do it faster than that because your housing line item in your budget, whether it's rent or a mortgage, is always usually the most expensive thing that you pay for every single month. And when that's freed up, that means you have all of that money. And for some people, I mean, it's a thousand or more dollars that's freed up every single month that you can turn around and
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
and use for your life or to invest or all the above, right? So that's the purpose of paying it off. It's not if you have kids or not, it's truly a line item issue in a budget. And when that's, when your house is paid off, not only is there emotional freedom because you don't have payments, but there's also a financial freedom because you don't have payments.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
So for me and you, I mean, you have, I mean, you don't have a lot left, $13,000 on a, did you say a $700,000 condo? I mean, that's incredible, Diana. But I want you to work. I mean, I don't want you to sit there and like be racking up debt and it may not be the job you want. But in the meantime, I would be getting something to earn some kind of money to live off of. So you're not living off debt.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
But no, I know, but you don't have a job, Diana. You're going into debt for a vacation. You don't have a job. How much was Jamaica? How much was Jamaica? And how are you paying for it?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
So you're telling me. I'm not kidding. You're telling us. This is great, by the way. I really appreciate you calling. She's a free spirit. You're a true free spirit. Because you got the $8,000. And you're telling me for a full year, you have lived off of $8,000. I understand six months you were getting some unemployment. And you took a $2,000 trip.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
So technically you only had $6,000 that you were using. I just don't know if I believe your numbers. I feel like that's impossible. Yeah.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Oh, now we're at $10,000. Because of Jamaica.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
It hasn't hit yet. So, Diana, listen, you're smart because you've paid down this condo. That's the reason I'm giving you credit. You've paid down this condo. So you have... Something in you that works hard and you are smart when you're making an income. But you're not – I mean, this isn't smart.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Like, what you've been doing so far, the decisions in this last year are really – it's just interesting.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
It's a rhythm and a pattern that's begun. And I'm and I'm scared for you to stay in that long term because that will be financial disaster. You've made so much progress financially, so much in your life. I mean, you look at your condo. I mean, seriously, like it's amazing. I just don't want you to keep going backwards because there's not a job that's paying you what you want.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Like, just get a job and pay something.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
And I would tell you, Jules, too, especially when it comes to money, the more facts you have, the easier, in a sense, being able to process and make decisions becomes. Because when it's just this idea of like, gosh, I don't even know how much we spend here. I don't know what apartments will cost. So like to Jade's point earlier, your homework would be to find actual numbers, actual numbers.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
And I'm all about the travel. I just want you to have money to do it.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Kelly's going to pick up. We're going to give you Ken Coleman's book. And in the book is a get clear assessment because I want you to get some focus on what you love. I think you have a lot. I mean, you have a lot to offer the world. You offered us a lot.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
You were fun. I appreciate the call, Diana. Thanks to all the guys in the booth. Thank you, Jade. And thank you, America. Listen on the Ramsey app coming up in the next hour. YouTube podcast ends now.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Numbers of a one bedroom apartment somewhere. Actual numbers of, hey, here's really do what I spend at the grocery. And per week, here's what I think it will be. And it doesn't sound, you know, it's not this, I don't think it's going to be this outrageous number. I mean, just like what you just quoted us even. I'm like, yeah, $22,000 a month. I mean, that's 25, 30 grand a year after taxes.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
So like that is very, very doable, Jules. And so if you stay on the line, Kelly's gonna pick up because we want you to be able to have the information to help you. So we'll give you Financial Peace University, which is our nine lesson course. We're gonna give you every dollar, which is every dollar premium to hook up to your bank to actually create a budget.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
And when those transactions come in, Jules, actually track them and drag and drop them and start telling your income when you get a job, hey, this is where it's going. And then we'll give you some of Ken Coleman's material because there's a get clear assessment.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
And I want you to take this, Jules, because I want you to have the ability to see yourself and your giftings and what you're wired to do and find a job in that lane. So we believe in you, Jules. You're doing an incredible job as a mom. So stay on the line. Kelly will pick up. Well, 2025 is just around the corner. So listen up.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
That post-it that you wrote your goals on for this year, yeah, it's probably not going to cut it. Because listen, goals, it can be intimidating keeping up with them, knowing where you're at and the progress that you're making. It can be hard, but if you make them specific and measurable, that's always a great way to achieve your goals.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
And the 2025 Ramsey Goal Planner will help you break down your goals so that you can actually see real progress when it comes to not just your money, but also your faith in your relationships. And so it's packed with really great monthly teaching from myself, Dr. John Deloney, and right here, Jade Warshaw, to keep you motivated. So this planner, it is a...
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
It's a hefty planner, you guys, because I mean, there is monthly and weekly calendars, stickers, a vision board, goal setting system, savings tracker, all of it. And it can be yours today for $47.97. That's very specific. So specific. $47.97. Or this actually could be a great Christmas gift as well.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
If you know someone in your life that loves a great planner, the Ramsey Planner, it's always a bestseller around this time of year.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
It's really, really great. So you can go to ramsaysolutions.com slash store or click the description if you're listening on podcast or watching on YouTube. All right, let's go to Anna Marie Island in Florida and let's talk to Amy. Hey, Amy, welcome to the show. Hi, how are you guys? We're doing great. How can we help?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Yeah, for sure. Yeah. Uh, how old are you? I'm 55. Okay. And what do you do for a, for a job? I'm a real estate broker. Oh, that's right. You said that. I'm sorry. Uh, how much do you make a year doing that?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
And then your primary residence where you live now, what is the situation there?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Oh, it has. Okay. I'm sorry. I got you. Okay. Perfect.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Yeah, that's great. That's great. Okay. So the $500,000 cash. I mean, what I would do honestly with it is I would take some of it. I would diversify it. And I love the idea that you like real estate and maybe because I come from a real estate family. But I think it's a great I think it's a great option to have, especially if you know what you're doing. And a lot of people don't.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
But you do because you live in this world and it's great. And it's a great way to invest. So I would take some, Amy, and I would probably max out a Roth IRA every year. I would make that part of my rhythm. I think it's $7,000 per year that you can do. So I would allocate some money to make sure that you had the cash flow. And that can come out of just your income that you're making anyways.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
It doesn't have to come out of this $500,000. What is your income? She said anywhere from a hundred to 300. Yeah.
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Yeah. So I would, so yeah, so that would be, I think that would be something I would do. And then I would still, you know, I think your, your IRA, do you have any other retirement investing? Do you like within your brokerage, any kind of 401k or anything?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
Well, and so let me tell you this. There is a level of risk that I wouldn't take in the stock market when you think about single stocks. And there's ways to do it that's risky and then ways that actually...
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
um have way less risk and you still get a great rate of return on average anywhere from 10 to I mean 12 13 I mean this past year the market did incredible uh so it was even more than that but doing mutual funds investing in mutual funds which is going to be 90 to 200 stock within a fund so no single stock investing all of that so really you you limit your risk when you spread your money around and so that
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
That would be the bet that I would do. I mean, I would do anything I could to do some tax favored plans in retirement. So that would be your Roth IRA. Yeah. Within your brokerage. I don't know if you're if you do you own the brokerage or you work for someone?
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
You do, okay. So I would look into like a... I would look into it like a SEP. I mean, I would look into a couple... Do an individual 401k. Yeah, I would look into a couple of options just to put some money in from a retirement standpoint because that is going to be... It's going to have more tax advantages than just going into the market on your own personally. So I would...
The Ramsey Show
Normal Is Broke... Do You Really Want To Be Normal?
I would allocate some money for that. I would look around. I mean, I don't know what real estate is going for in your area. But I mean, if you can find something and pay cash for it and have another rental property to the side. I mean, I think that's I think that's a great option as well. So, yeah, there's a there's nothing you can't.
The Ramsey Show
Big Dreams Require Big Sacrifices
And Trevor, you're not going into debt for your living expenses. You're able to cash flow everything. You're not like deep in credit card debt.
The Ramsey Show
Big Dreams Require Big Sacrifices
So what I'm getting from you, Trevor, is you did well in the corporate world. What was your best year when you were working besides you're doing this? What were you making?
The Ramsey Show
Big Dreams Require Big Sacrifices
So I think I can picture Trevor. He's in West Palm Beach, working the corporate world. Living his best life. Working 50, 60 hours, making $80,000. He's like, what is this life? What am I doing? So you quit. You saved up money is what I heard you say earlier, right? You have savings. And retirement and you're doing all of that. And you're like, you know what? I'm going to just pump the brakes.
The Ramsey Show
Big Dreams Require Big Sacrifices
I'm going to enjoy life a little bit. Start my own business. Get an $8,000 mechanic truck and start my own business and slowly grow it and all the things. And I don't think anything in and of itself is wrong. I want to make sure that you're doing all of this and able to support yourself and your business with cash because long term that's going to set you up. And if this business...
The Ramsey Show
Big Dreams Require Big Sacrifices
isn't moving faster in the next 12 months. You know, to George's point, you can make more doing something else just from a time perspective, too. So some things to think about. But to answer your original question, Michael, Trevor, yeah.
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah, for sure. Get a $10,000, $12,000 great truck. And yeah, continue living your beach Florida life, Trevor. Thanks for the call.
The Ramsey Show
Big Dreams Require Big Sacrifices
The question of the day is brought to you by WhyRefi. If you've got defaulted private student loans and no one else will work with you, try WhyRefi. They help you explore refinancing options with a low fixed rate and a payment plan based on your ability to pay. Go to WhyRefi.com slash Ramsey. That's the letter Y-R-E-F-Y dot com slash Ramsey. May not be available in all states.
The Ramsey Show
Big Dreams Require Big Sacrifices
Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I'm Rachel Cruz, hosting this hour with my good friend and bestselling author, George Camel, also my co-host on Smart Money Happy Hour.
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah. So what I, so the die with zero book, I've mentioned that I've read it and I really liked some of the stuff. I mean, some of the things were really interesting that he talks about. I did say, I didn't agree with a hundred percent.
The Ramsey Show
Big Dreams Require Big Sacrifices
So I don't think, and when you kind of get to the end of the book, he kind of mentioned like, there's a little bit of this feeling of like, okay, doesn't mean like you like truly die with zero. Like the goal isn't to like, Because you can't predict your death, right?
The Ramsey Show
Big Dreams Require Big Sacrifices
That would be, yes. So that's not the theory. So if you leave money to your kids, which we talk about, you know, a wise man leaves an inheritance to his children's children. It says that in Scripture. So there's something about that legacy that I am not against by any means. But the idea is if you do this stuff early and you start to build wealth and you pay off your home—
The Ramsey Show
Big Dreams Require Big Sacrifices
And you do have a surplus from a high income and you're maxing out investments. Like, at what point is it just saving to save? Right. And so I think that that is a good question to ask. And I don't know, Brianna, kind of I'm going to assume you're done with everything because I would want you to pay off your house. before any of this other discussion starts to happen.
The Ramsey Show
Big Dreams Require Big Sacrifices
But for those who have, you can kind of start thinking, okay, yeah, I mean, if I get to the point that I can max out 401ks and all of that, should I maybe shift after that to investing in things that are not tied up till I'm 59 and a half so that you have investments that are growing that you can get to sooner without penalty?
The Ramsey Show
Big Dreams Require Big Sacrifices
to then maybe help your children if there's enough surplus there when they're 25 or 26. And if you want to help with a down payment or you want to actually use your money in this life to help your kids when they do need it most in their 20s and 30s, I believe, is that a reasonable option? So all that to say, I think there are some ways if you are doing what you're doing and you're maxing out. I
The Ramsey Show
Big Dreams Require Big Sacrifices
Oh, maxing it out. Okay. Well, she says $150,000 in a 401k. I wouldn't let the number of $150,000 just having that in a 401k and leaving it. I wouldn't. I would still be investing 15% of my income and still following that. But again, if you want to shift from investing in retirement funds after you max out a Roth or max out a 401k, if you have that high of an income,
The Ramsey Show
Big Dreams Require Big Sacrifices
to then invest in other things that you can get to before retirement, I would be totally on board with that. Does that make sense?
The Ramsey Show
Big Dreams Require Big Sacrifices
So I wonder if she's saying that because it's like $22,000. Is that it? $23,000 is the max?
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah, I'm held up. Yes, she's going to put in $150,000 in her 401k and then stop and then just let it grow. And I would not do that. I don't think that's a wise plan. I would still be putting money in my 401k every single year. And if you have the income, again, to max it out, that's amazing, right? I would be doing that.
The Ramsey Show
Big Dreams Require Big Sacrifices
And then if you're beyond that, then you can look to say, hey, how can I get creative with this investing strategy? And not just stick with a 401k where it's tied up till I'm 59 and a half.
The Ramsey Show
Big Dreams Require Big Sacrifices
All right, let's go to the phones. We got Jeff in Salt Lake City. Hey, Jeff. Welcome to the show.
The Ramsey Show
Big Dreams Require Big Sacrifices
Well, you guys have been so diligent as well, right? So, I mean, that's incredible. But yeah, Jeff, I would make, you know, yeah, the next goal, probably upgrading the car. If there's some house stuff around that you guys make a list and make like a three to four year, you know, by the time we're 50, what do we want life to be? to kind of look like.
The Ramsey Show
Big Dreams Require Big Sacrifices
And, and I would be using that mortgage payment for those things. And then once you kind of have some of that settled, then you can look and be like, okay, yeah, let's, let's invest more. Let's, let's be giving more.
The Ramsey Show
Big Dreams Require Big Sacrifices
I mean, all of it, but yeah, there's some upgrades you guys can be doing here in the next couple of years that you've kind of held off is what it sounds like to get this house paid off.
The Ramsey Show
Big Dreams Require Big Sacrifices
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The Ramsey Show
Big Dreams Require Big Sacrifices
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The Ramsey Show
Big Dreams Require Big Sacrifices
Next, we have Sierra in British Columbia. Hi, Sierra. Welcome to the show. Hi there. How are you? Hi, we're doing great. How are you?
The Ramsey Show
Big Dreams Require Big Sacrifices
Sure. Yeah. Because you don't want to enable. And that's a little bit of the feeling with this situation. So not every chance we have to give is going to be the right situation to give just because the opportunities there doesn't mean that we actually have to take it.
The Ramsey Show
Big Dreams Require Big Sacrifices
And I think this would be a situation that, you know, finding that balance between helping and enabling, you know, on this show, we are always teetering on that line because a lot comes into play, right, to decide that actual boundary. There's not this like hard and fast rule. But I think what you have to discern in the situation is how can you best help her? And I think acknowledging that.
The Ramsey Show
Big Dreams Require Big Sacrifices
Her situation is hard, right? And I mean, I think there is a level of like, yeah, if she's not done any level of healing or growth, like having a parent die at a young age like that, and then being in a toxic situation growing up, it's kind of like, yeah, of course, this is probably her road, right? Unless she decides to do something different. And I think that would be your hope as her aunt.
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah. And Sierra, what George said earlier too, I do want you to have permission that this is your money and you want to see it being used In the best, wisest way. Right. I mean, I think there is a responsibility there. And and I'll say with the caveat, you know, just because there's a family member who is in need and is asking does not mean you automatically have to or you're a terrible person.
The Ramsey Show
Big Dreams Require Big Sacrifices
Right. So you could have your own conviction of that. You don't want it. Right. That you don't want to give or your heart may be. And again, I think this is up to you. This is not a right or wrong. I think it's just two different options. It's either like I don't feel good about this.
The Ramsey Show
Big Dreams Require Big Sacrifices
I don't the responsibility doesn't feel right to me I don't like it and I just don't feel good engaging it So that's that is one option and then the other is That you love her and you're like no I do want to be able to help I just want to do it in the right way So that right way to me would be going straight to the landlord and helping with food shelter utilities transportation like the four walls You know helping her in those ways not going on vacation or something like that um, and then
The Ramsey Show
Big Dreams Require Big Sacrifices
Talking to her and saying, you know, because I love you so much, like I want to see you do better so you're not having to depend on people for money. So let's look at job opportunities. Let's look at doing a budget. Let's put you through Financial Peace University and go through and learn how to manage money. Like, I also want to give you these resources.
The Ramsey Show
Big Dreams Require Big Sacrifices
You know, maybe you pay for therapy for her. Right. I mean, like, seriously, I don't know what what else is out there, but it's like tools to help her out. Become a healthier person. How can we do that and sustain that? Right. So so that that's option B. But option A is OK to Sierra. I want you to feel that like that. That is up to you. Yeah. But then there's option B if you feel that way.
The Ramsey Show
Big Dreams Require Big Sacrifices
But I think what you're saying is wise is going straight to. to the things that you can help. And even, you know, and it's so sad, but it's the reality, you know, she's pregnant. So like, I don't know what health insurance looks like for her and all of that. So it's like, there's a part, like we need to understand the reality we live in, niece, whatever her name is.
The Ramsey Show
Big Dreams Require Big Sacrifices
But also maybe Sierra, you say, I feel like I do wanna give, and maybe it's maybe through the medical baby route and you help pay for medical bills, you know, to help with that, right? So like, I think there's ways to help her, but also helping her to become a healthier whole person in the process is going to be the best gift that you can give her.
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah, for sure. Sierra, thanks so much for the call. Well, that puts this hour of The Ramsey Show in the books. We'll be back. All right, Dave, you have some strong opinions.
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah, I think so. Okay, because you really prefer credit unions over big banks.
The Ramsey Show
Big Dreams Require Big Sacrifices
We're sibling order, Elizabeth. Where are you and where is she?
The Ramsey Show
Big Dreams Require Big Sacrifices
Well, and I think we have found one that is incredible, and that's Fairwinds. They are an incredible credit union that is really out with the heart to help the customer.
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah, absolutely. And I love it. The things that we teach, they so line up with. And you're right, their customer service is unbelievable. Winston and I just signed up and we got an account. And I'm not kidding. It took less than five minutes. It was so user-friendly. The step-by-step approach was unbelievable. And then the next day my phone rings and it says Fairwinds on my phone.
The Ramsey Show
Big Dreams Require Big Sacrifices
So I answered it and talked to someone there and they said, yeah, they give calls to every new customer. And so again, they just really care about your experience. And I so, so appreciate that. Plus anything that you can do at a traditional branch, you can do with them at fairwinds.org or on their app. And you'll have free access to over 33,000 ATMs.
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah, you guys, it's so easy to join Fairwinds no matter where you live. So go to fairwinds.org slash Ramsey.
The Ramsey Show
Big Dreams Require Big Sacrifices
Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I'm Rachel Cruz hosting this hour with bestselling author and my co-host of Smart Money Happy Hour, George Camel. We are answering your questions, so give us a call at 888-825-5225.
The Ramsey Show
Big Dreams Require Big Sacrifices
We'll chat about your life, your money, your career, relationships, anything and everything. We are here for you.
The Ramsey Show
Big Dreams Require Big Sacrifices
We are here for you. All right, let's have Kevin kick us off this hour in Springfield. Hey, Kevin, welcome to the show.
The Ramsey Show
Big Dreams Require Big Sacrifices
I thought the kids were helping. I thought the parents were helping with the kids so your wife could work.
The Ramsey Show
Big Dreams Require Big Sacrifices
And we are here taking your calls, so we'll chat about your life, your money, your relationships, your career, anything and everything. So give us a call. First, we have Elizabeth all the way up in Canada. Hi, Elizabeth. Welcome to the show.
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah, yeah, yeah. It's not the actual help that you're longing for. It's almost more of this connection of feeling like, man, I feel like we're working so hard over here. And not only has anything never really been extended to us, but also never even asked maybe. Right.
The Ramsey Show
Big Dreams Require Big Sacrifices
Okay. And how much was she making if she worked full-time?
The Ramsey Show
Big Dreams Require Big Sacrifices
Okay. Well, so you got truck $42,000, SUV $27,000. How much is in credit card debt? How much credit card debt is it?
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah, well, I mean, yeah, y'all are bumping up to, you know, 92,000 in consumer debt, making 63. So yeah, you can't. So all this rental stuff, Kevin, you guys can't afford it. So you have a rental house too. Is that what you said?
The Ramsey Show
Big Dreams Require Big Sacrifices
OK, I would sell everything from a real estate perspective. And if the parents that you told us that, well, the parents have to live here because they're exchanged for babysitting and all, you know what I mean? Like all of that, I would put them in an apartment, you know what I mean? And do what you can because you guys can't keep saving everyone's situation while you're drowning.
The Ramsey Show
Big Dreams Require Big Sacrifices
And so you got if I were you from a real estate perspective, you would make you just say you would clear 80K from the house.
The Ramsey Show
Big Dreams Require Big Sacrifices
Is that the $20,000 one, or is that the $80,000 house, or is that another house?
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah, yeah, 100%. Yeah, so, I mean, I would sell these duplexes. You guys can't afford to keep them. So that gives you $100,000. That clears basically all of your other debt with about $8,000 left, and then you're going to have to work to pay off these solars. Or if you sold the other house and maybe made $20,000,
The Ramsey Show
Big Dreams Require Big Sacrifices
So there's a level of probably just of hurt feelings of not feeling cared for and seeing your parents still in that parental role for another sibling and not for you. So there's like this like kind of abandonment, like what? Hi, I'm over here. You know, I'm not getting attention. Right. Was that similar growing up for you guys from like just say from like a personality standpoint? Yeah.
The Ramsey Show
Big Dreams Require Big Sacrifices
That would give you guys close to, what is that, $35,000 left of consumer debt, $35,000 for the solar, and that's it. I would do all of that today, Kevin. And the problem is, though, what I'm worried about is that you're selling all these rental properties and you're going to pay off all of this and not feel much. So you guys have to cut up the credit cards.
The Ramsey Show
Big Dreams Require Big Sacrifices
You guys have to just tell yourself we're not doing this anymore because this isn't going to fix Kevin and your wife. You're like what we're saying is going to fix the money situation. It's not fixing you guys and you guys need to be fixed to stop making some of these decisions or you're going to continue.
The Ramsey Show
Big Dreams Require Big Sacrifices
There's a time in your life and the baby steps for renting, but you don't want to do it forever because when you rent, you're still paying for a mortgage, just somebody else's. Plus rent means instability in your budget because it always goes up, never down. So when you're ready to buy, make sure you work with a mortgage partner you can rely on. Churchill Mortgage.
The Ramsey Show
Big Dreams Require Big Sacrifices
Churchill is Ramsey trusted to help you make the move from renting to home ownership wisely. Churchill understands that when you buy a home the Ramsey way, your mortgage payment will be a consistent, manageable part of your monthly budget. Plus, when your home is paid off, that was your largest expense. Now it's extra money in your pocket.
The Ramsey Show
Big Dreams Require Big Sacrifices
and an asset towards turning you into a Baby Steps millionaire. Get started on the American dream of home ownership today at churchillmortgage.com. That's churchillmortgage.com.
The Ramsey Show
Big Dreams Require Big Sacrifices
One way we have found that this show continues to grow, get more listeners and viewers is because you guys have been telling your friends, your family, sharing these episodes on social media, all the things which we are so grateful for. We love to see the show grow because we know that means more people are listening and hopefully more people are finding hope when it comes to their money.
The Ramsey Show
Big Dreams Require Big Sacrifices
best marketing we have out there uh trusted um people that trust you in your life are listening to your recommendations and when you talk about the show um it's it's huge it really is and it helps us so much so we want to thank you for doing that so again subscribe leave a review share an episode or two with a friend and we'll keep getting the word out about taking control of your money george you never know one day they're gonna say fine i'll watch the clip and they go oh my gosh this is actually pretty good look at this look what i could do with my money i love it
The Ramsey Show
Big Dreams Require Big Sacrifices
All right, let's go to the phones. We have Ryan in Atlanta, Georgia, up next. Hi, Ryan. Welcome to the show.
The Ramsey Show
Big Dreams Require Big Sacrifices
Oh, well, thank you. Thanks for calling. How can we help?
The Ramsey Show
Big Dreams Require Big Sacrifices
That's great. What kind of debt do you guys have consumer debt-wise, you and your fiancé? We'll just say wife for the scenario. Once you guys get married, how much consumer debt will you guys have?
The Ramsey Show
Big Dreams Require Big Sacrifices
Oh, that's great. Okay. How much do you owe on your primary?
The Ramsey Show
Big Dreams Require Big Sacrifices
Um, honestly, Ryan, if I were you and you're making 80 grand a year, how much does she make?
The Ramsey Show
Big Dreams Require Big Sacrifices
And how much are you making on the rental property, yours?
The Ramsey Show
Big Dreams Require Big Sacrifices
I'll tell you what I would do, Ryan and George. I'd be curious your opinion. I don't know where you would stand with this. So if I were you guys, Ryan, I'd probably just sell your house and I would take the equity in it, which will be... It'd be 40 grand or so? Yeah, ish. Yeah.
The Ramsey Show
Big Dreams Require Big Sacrifices
Fees and taxes and stuff. Yeah. And I mean, you put it towards your mortgage now and you guys would have about 210 left on your primary mortgage. Yeah. And then I would work just to pay it off. And that'd be your single goal. I mean, you know, because again, you're making seven grand on the rental. It's not a ton, right? Like you're not, it's not life changing.
The Ramsey Show
Big Dreams Require Big Sacrifices
So if I were you, I would focus on the primary home, get that sold off. And that will take you guys, I mean, depending on how, you know, how hard you're willing to work and focus, maybe five, five-ish years, maybe. Yeah. And then from there, reevaluate and say, okay, now what do we want to do? Because real estate investing will be beyond Baby Steps.
The Ramsey Show
Big Dreams Require Big Sacrifices
Yep. And I say that, Ryan, because in five years – You guys could have two more kids. You know what I mean? You have three kids. The way life looks, you know, you're you know, and your priorities could shift then when you actually say, hey, we have the ability. You know, your income is going to go up. You guys will have a great income, no house payment, nothing.
The Ramsey Show
Big Dreams Require Big Sacrifices
And if you wanted to save, you know, 100 grand to buy, you know, a fixer upper and let it be your first rental.
The Ramsey Show
Big Dreams Require Big Sacrifices
have at it and do it you know what i mean like absolutely or you could see i don't know that man once you're juggling life and there's you know kids running around and everything you're like you know just a good mutual fund feels like really easy in life right now and go simple with investing and then maybe get into it later right so it's the idea that it's not a never um
The Ramsey Show
Big Dreams Require Big Sacrifices
And I come from a real estate family. I mean, my family loves real estate. And so I am all about it. But I do want the priorities to be in the correct order just for peace and for you guys to have as much autonomy as possible. So that's what I would probably sell it and then throw any equity you have at your primary home. You guys get married.
The Ramsey Show
Big Dreams Require Big Sacrifices
I would probably do this after the wedding, by the way. I would probably just like, hold still.
The Ramsey Show
Big Dreams Require Big Sacrifices
all of that from a legal standpoint is there, then make this move to sell your home, put the equity into her home, which you should be on the title deed. That's what I was going to ask.
The Ramsey Show
Big Dreams Require Big Sacrifices
That's great. Awesome. That's great. Yeah, I mean, this sets you guys up, Brian, really well. I mean, to get the primary mortgage down that low. And how much is the house worth?
The Ramsey Show
Big Dreams Require Big Sacrifices
Okay, that's great. But to think that you guys could have a paid-off house in what, four-ish years maybe even? I mean like it's just wild to think. And then what you guys can do from there is amazing. So if real estate is still what you guys are wanting, then we'd be all about that, just cash flowing in and going slow.
The Ramsey Show
Big Dreams Require Big Sacrifices
We always say move at the speed of cash, so it's not going to be fancy and big and great. But – My husband's flipping houses right now, George, and there are some nasty houses that are going from not a lot.
The Ramsey Show
Big Dreams Require Big Sacrifices
I know. Yeah. So you can find some not great, you know, get a contractor in there, you know, figure it out. But real estate's fun. I think it's a great way to diversify money eventually. You know, we're not I'm not just like, oh, just invest in a mutual fund and sit there. I do like the idea of, you know, you're making money on turn. I don't know. It's fun. Real estate is fun.
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah, for sure. And if a deal doesn't go well, George, you just say, well, that happens.
The Ramsey Show
Big Dreams Require Big Sacrifices
It really does. It is wild. He had one, and it sat. It was painful, and it was a larger one than a deal we would normally do.
The Ramsey Show
Big Dreams Require Big Sacrifices
It's a lot of work. Yes. Oh, no. And that's the interesting thing. That's flipping versus holding, right? So the investment real estate where you hold. And that's the thing, too, is you don't make a ton of money on the rents always, but it's what you make at the buy, right? If you get a good deal. Appreciation kicks in all the time. Yes, which is beautiful, too.
The Ramsey Show
Big Dreams Require Big Sacrifices
So, yeah, so there's some fun stuff there that is great. Not everyone does it the wisest, smart, peaceful way. So we are slower with it sometimes. but it gives you more peace, which is way more of an enjoyable life, George.
The Ramsey Show
Big Dreams Require Big Sacrifices
Whoa, we got a plane. You know he's serious if he calls it an aircraft. Yeah, an aircraft versus an airplane.
The Ramsey Show
Big Dreams Require Big Sacrifices
Okay, amazing. So now you have your own aircraft paid off.
The Ramsey Show
Big Dreams Require Big Sacrifices
Oh my gosh. Okay. So, so it was an aircraft. What else?
The Ramsey Show
Big Dreams Require Big Sacrifices
And our house. Wait, what? Oh, your house. You should have led with this.
The Ramsey Show
Big Dreams Require Big Sacrifices
Oh, just the house. The afterthought. The house is paid off.
The Ramsey Show
Big Dreams Require Big Sacrifices
Is it for your home? Vacuum for your home? Yeah. Y'all have never heard of this. How have you heard of a $4,000 vacuum?
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah, and I think it's less about the money. I think it's the relational aspect in it all for you, the hurt that's there. So, yeah, so I think that's – yeah, I mean, yeah, George is right. I think if there's anything that needs to be said for you to say for yourself that you need something, that's fine.
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah, I told him I wanted it. So he got it. Oh, man.
The Ramsey Show
Big Dreams Require Big Sacrifices
Oh, gosh. Okay. So 29 months. So what happened 29 months ago that caused you guys to change what you've been doing?
The Ramsey Show
Big Dreams Require Big Sacrifices
Oh, my gosh. Okay, so how much money were you guys making during this debt payoff?
The Ramsey Show
Big Dreams Require Big Sacrifices
So great, you guys. Oh, my gosh. So you were like, okay, we are making great money, but we're literally living paycheck to paycheck. So what would be, because I actually was brainstorming with the team, this exact type video content of like, you know, why wealthy people, you know, people making 200,000, which was basically you guys are still living paycheck to paycheck.
The Ramsey Show
Big Dreams Require Big Sacrifices
Cause what did it look like for you guys? Was it just payments? Was it just not budgeting? Like what was life like? So he's the spender. Yeah. So it was mostly him. Okay.
The Ramsey Show
Big Dreams Require Big Sacrifices
All the subscriptions. Yep. Just not really saying no. Correct. Basically, if you wanted it, you were going to figure out a way to do it. Yeah. Correct.
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah, that's great. And you say for the first six months, that was it. That was the mentality.
The Ramsey Show
Big Dreams Require Big Sacrifices
But don't go – if you do have a conversation, I would not go in with the motivation of somehow I'm going to change the situation or I'm going to say this so that my parents – will then do X, Y, and Z. Like, you know what I mean?
The Ramsey Show
Big Dreams Require Big Sacrifices
Okay. How much did you get for it? How much was it that fled?
The Ramsey Show
Big Dreams Require Big Sacrifices
Whoa! Did it all. You were just, like, all the way.
The Ramsey Show
Big Dreams Require Big Sacrifices
That was good. So good. Oh, man. Okay, were there people cheering you guys on during this process? Did you talk about it or did you kind of just keep it between you all? Oh, we definitely talked about it. Oh, did you?
The Ramsey Show
Big Dreams Require Big Sacrifices
That is the whole... I mean, I feel like that's an issue that happens all the time where we think like, okay, I'm going to go into the conversation and what I say is going to change what they're thinking or what they're doing. And you just can't control them, right? They're still going to do it. But if you, Elizabeth, do have...
The Ramsey Show
Big Dreams Require Big Sacrifices
Things within you that, like, you're like, I just need to verbally say this for me, regardless of what happens. Like, for my healing, I need to say these things out loud. Then maybe that is a conversation you guys need to have. Or maybe, Elizabeth, you kind of just, like, read the cards. Own that, yeah, this hurts and this isn't fun, but there's also a level of... I'm an adult.
The Ramsey Show
Big Dreams Require Big Sacrifices
George, you know when you open your phone and you're like in an app and you don't realize you're there because subconsciously you just end up. Do you ever do that?
The Ramsey Show
Big Dreams Require Big Sacrifices
Okay, okay. So I looked up the other day. No joke. Judge me if you want. I was in EveryDollar. Subconsciously. The budgeting app. Subconsciously. And I literally was like, I don't even remember opening my phone. I don't even remember how I got here or what I was thinking to get here. But EveryDollar is an app that I use on the daily. Instagram and EveryDollar.
The Ramsey Show
Big Dreams Require Big Sacrifices
muscle memory it is I'm like I don't know because I love this budgeting app I really do and as a spender and as a free spirit it is the thing that like it just keeps me in line it gives me peace I even did an experiment where I tried not to budget for like two weeks to like see like you know and I just I don't like it that's Rachel living on the edge I know and I'm a spender y'all like I like I'm
The Ramsey Show
Big Dreams Require Big Sacrifices
I'm not one of these cheap people in life that I'm like, I love to budget. But I do. I love to budget. And I give EveryDollar a lot of credit because it helps. And it's just like, I just love this app so much.
The Ramsey Show
Big Dreams Require Big Sacrifices
Yes, so you can get a whole new rhythm on your phone so you can be looking at your budget more and more. But it is, if you are living paycheck to paycheck or wherever you are, budgeting is something that is going to help you. It really is. It is a tool. It is a habit to get in and every dollar helps. And our team is actually hosting a free budgeting training this month, George.
The Ramsey Show
Big Dreams Require Big Sacrifices
step-by-step how to use every dollar how to create a budget how to stick to it so spots are limited but you can sign up for free at everydollar.com webinar and there'll be a q a as well so a lot of things just to kind of get started but it is it is a um it is a habit i'm glad i have george for my free spirit so proud of you spending self it's very helpful it is it's a good humble brag thanks
The Ramsey Show
Big Dreams Require Big Sacrifices
And I and I, you know, you just said you would not change your situation. You wouldn't trade places with her. Right.
The Ramsey Show
Big Dreams Require Big Sacrifices
Like in a job interview where they're like... What's your worst trait? You're like, I just care too much. You know, I just care too much.
The Ramsey Show
Big Dreams Require Big Sacrifices
I just budget too much. All right, let's go to Elijah in New York City, one of my favorite cities in America. Hey, Elijah, welcome to the show.
The Ramsey Show
Big Dreams Require Big Sacrifices
So, no, I don't think you're being a baby. I think that's shameful talk. I wouldn't say that by any means. I think you're hurt. And I think that's totally fine. Right. And so what we do with that, I think, is what's important. So I don't want the resentment, like George said, that eats that eats away at your life and your happiness.
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah, when is that? Are you guys doing like an official purchase?
The Ramsey Show
Big Dreams Require Big Sacrifices
Correct. And what's the real estate there? Does she rent out of somewhere or does she own the real estate? She rents. She rents out of it. OK.
The Ramsey Show
Big Dreams Require Big Sacrifices
No. Okay, so it's just her. Okay, so there's not like a... Issue of dividing assets and all of that at her parents, you know, death, you know, that that won't be an issue.
The Ramsey Show
Big Dreams Require Big Sacrifices
And so there's like this level of acceptance with our family and dynamics that I think the quicker we can get to the acceptance part.
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah, what's the business estimated at, Elijah? Do you know?
The Ramsey Show
Big Dreams Require Big Sacrifices
Gosh, is this like a high end? More or less, yeah. Yes.
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah, so that was top line. How much is after everything's paid?
The Ramsey Show
Big Dreams Require Big Sacrifices
Okay. And she just isn't needing that money anymore. Like she doesn't need any level of stock. She doesn't need any stock or anything like that.
The Ramsey Show
Big Dreams Require Big Sacrifices
Oh my gosh. And you guys obviously want the business, correct? Like this is exciting to her? There's not like a burden or like a, gosh, we have to take this just from an emotional level.
The Ramsey Show
Big Dreams Require Big Sacrifices
We were so concerned. How are you? Yes. Hi, I'm good. How are you guys? We're doing great.
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah, for sure. Yeah, thanks, Elijah. Yeah, and I would say, too, you know, it doesn't have to be necessarily in both names. So making sure that your family, Elijah, you and your wife, your will states. That the business is put in your name in the event that your wife passes away or something. You know what I mean? Like if there's clear communication on that end.
The Ramsey Show
Big Dreams Require Big Sacrifices
That's what I'm thinking. Yep, 100%. Wow. So that's great. Man, that is a – you don't hear that often. It's usually –
The Ramsey Show
Big Dreams Require Big Sacrifices
And that's such a prime example, George, of how with relationships and money and family dynamic, it's really about the actual money, right? It's about the relationship and the people that are handling it that can be hurtful. So, Elizabeth, thanks for the call.
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah, and it sounds like you guys have a great relationship with her mom who's gifting you all this business. And there's probably a lot of ins and outs of running it as successfully as she has. I mean, she's done this without debt. She makes, you know, I mean, a great return. It's amazing.
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah, so that's amazing. I mean, she's really done a great job.
The Ramsey Show
Big Dreams Require Big Sacrifices
Elijah will find you and shop for our kids at the store. So great. Well, that puts this hour of the Ramsey Show in the books.
The Ramsey Show
Big Dreams Require Big Sacrifices
Up next, we have Trevor in West Palm Beach, Florida. Hey, Trevor. Welcome to the show.
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah, well, it's frustrating that you put almost what the car is worth back into maintenance, right? And it's still breaking down. It hasn't fixed the issue. So, no, your frustration is totally legitimate. But also, I don't want, because of our frustration, to make a stupid financial move, especially when it comes to cars.
The Ramsey Show
Big Dreams Require Big Sacrifices
Because George and I, we talk about this a lot on our shows in Smart Money Happy Hour about how... Cars and car payments, car leases, all of that is one of the biggest wealth killers in America. It's the trap that people get in. So even though your frustration is legitimate, I want to make sure your solution is as well.
The Ramsey Show
Big Dreams Require Big Sacrifices
Where did you buy it from, Trevor? A private party or a dealership?
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah, so you probably overpaid is what you're thinking because of the condition it was in. Obviously, it wasn't in a great condition. It should have been probably a $5,000 truck.
The Ramsey Show
Big Dreams Require Big Sacrifices
No, but it's frustrating. It's legit frustrating. Yeah. I mean, every month, if you're pouring money into this thing and it keeps breaking, it's not dependable and you're using it for your work legitimately. Right. Not even just getting to and from work. It is your work.
The Ramsey Show
Big Dreams Require Big Sacrifices
um it is exactly yeah so making sure that this is a sustainable um idea okay do you um yeah financially where are you at trevor do you have any money saved anything that's not in retirement um i'd rather not acknowledge that if we don't have to i have money in retirement and i do have some other money outside of that um we're trying to figure out do you have enough money to go buy a truck in cash do you have ten thousand dollars
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah, because there are... That's the dumbest thing you could do. Yes. Yeah, that was not on the table. Yeah, unlike your experience, there are cars and trucks out there that go way past the mileage that you're in that are in fine condition, right? Like you said, they're not pretty. It's not like it's like top of the line everything by any means.
The Ramsey Show
Big Dreams Require Big Sacrifices
But it should get you to point A to point B and stay together and hold together. And this is not. So...
The Ramsey Show
Big Dreams Require Big Sacrifices
She was something. She did a lot of work, didn't she? Exactly.
The Ramsey Show
Your Financial Spiral Will End When A Proven Financial Plan Begins
Hey, listen up. Everyone is at risk of identity theft. I don't care if you're a hermit living off the grid listening to the show on a battery-powered radio. All of your data, collected by every company you've ever done business with, lives online. Your bank, your doctor's office, retailers, the apps on your phone, the gas station where you have loyalty rewards.
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Your Financial Spiral Will End When A Proven Financial Plan Begins
They all store your info online, making them ripe for a cyber attack or data breach. That's why I've been telling people for almost 25 years they need an ID theft protection plan, and the only one I've ever recommended is from Zander Insurance. They monitor your personal and financial info, even your home title, and take over the work if you become a victim.
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Your Financial Spiral Will End When A Proven Financial Plan Begins
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Your Financial Spiral Will End When A Proven Financial Plan Begins
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Your Financial Spiral Will End When A Proven Financial Plan Begins
Buying and selling a home is a big deal, and you want an expert in your corner fighting for you to get the right deal at the right price. That's why we only recommend Ramsey-trusted real estate agents. They're hand-picked pros who know their stuff, listen to your needs, and have your back from the first call all the way to closing day.
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Your Financial Spiral Will End When A Proven Financial Plan Begins
To find a Ramsey-trusted agent near you, visit RamseySolutions.com slash agent. RamseySolutions.com slash agent.
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Your Financial Spiral Will End When A Proven Financial Plan Begins
You spend hours researching before making a major purchase like a home or car, but it's also a good idea to put in the work searching for the right insurance coverage. To protect your biggest assets, I recommend using Ramsey Trusted Pros. Whether you're looking for car, home, or any other type of insurance, Ramsey Trusted providers have been coached and vetted to serve you like we would.
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Your Financial Spiral Will End When A Proven Financial Plan Begins
Find what you need at ramseysolutions.com slash insurance.
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Your Financial Spiral Will End When A Proven Financial Plan Begins
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Your Financial Spiral Will End When A Proven Financial Plan Begins
Get connected at RamseySolutions.com slash SmartVestor. Again, RamseySolutions.com slash SmartVestor. Ramsey Solutions is a paid, non-client promoter of participating pros.
The Ramsey Show
Debt Is a Trap That Will Hold You Back From Building Wealth
I wanted to get advice on an upside-down car loan that I'm in. I owe $20,864 on it. It's a 2020 Chevy Malibu. I've been trying to get rid of it for a while now, but they're saying the value is down. It now is worth $7,000.
The Ramsey Show
Debt Is a Trap That Will Hold You Back From Building Wealth
And I guess I do have a little bit of damages on it, but they were saying, like, basically the car, it's just so many of the cars and they're being used as rentals that the value of it isn't that great, pretty much.
The Ramsey Show
Debt Is a Trap That Will Hold You Back From Building Wealth
Well, it's just the back cover mirrors are off, and there's like a couple scratches on it, but it's really nothing that bad. Okay, and when you're saying they are telling us, telling me, who's they? The dealer? Yeah, the dealership. Have you, just Kelly Blue Book did it all? I did. It's priced at now, I think, between like $8 and $9. Man, that dropped a lot.
The Ramsey Show
Debt Is a Trap That Will Hold You Back From Building Wealth
you must have had a negative it must have been upside down another car you rolled it into this one no i was this is a new loan i had a co-signer with great credit because my credit was trash at the time um how long ago did you buy the car was it a 2022 and what's your interest rate 11.89 okay you may be looking at the wrong number
The Ramsey Show
Debt Is a Trap That Will Hold You Back From Building Wealth
Well, yeah, no. So when I looked at the loan, it said we got the car for $27,000 and some change. I can't remember the exact number. But right now the payoff is $20,864. That's the payoff, not the total of remaining payments. Exactly, but I've made almost $14,000 payment. So I had called them, and I was like, where's the money going? And it's all going to interest pretty much.
The Ramsey Show
Debt Is a Trap That Will Hold You Back From Building Wealth
So I want a new car. I want to know what to do. Should I pay it off and keep it at this point and then just be on a new lease and not get a new car?
The Ramsey Show
Debt Is a Trap That Will Hold You Back From Building Wealth
$2,000 in savings and then $1,000 in the checking.
The Ramsey Show
Debt Is a Trap That Will Hold You Back From Building Wealth
Close to $200,000. I think it's $189,000. I know. What's the degree in? Master's. Well, I'm in school now for my Master's in Marriage and Family Therapy.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
We're not worried about the environment at all.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
And by the way, she doesn't get a year off for a baby.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Well, then add two babies in the mix for you guys. I'm like, that's a lot. It's a lot.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Yes. And the whole idea, the picture of the house is on fire and you're not going to get the fire out with water guns. Right. Just trying here and there. We're just kind of bleep, bleep, bleep. This is a fire hose. Everything is going to look completely different and should by tomorrow with your mindset when you guys sit down tonight and just say, we have to get everything out.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Our life is going to look completely different in the next three to six months.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
All right, Dave, you have some strong opinions.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
I think so. Okay, because you really prefer credit unions over big banks.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Well, and I think we have found one that is incredible, and that's Fairwinds. They are an incredible credit union that is really out with the heart to help the customer.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
And you're saying that you guys had a combined savings.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Yeah, absolutely. And I love that the things that we teach, they so line up with. And you're right, their customer service is unbelievable. Winston and I just signed up and we got an account. And I'm not kidding. It took less than five minutes. It was so user-friendly. Like the step-by-step approach was unbelievable. And then the next day my phone rings and it says Fairwinds on my phone.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
So I answered it. And talked to someone there and they said, yeah, they give calls to every new customer. And so again, they just really care about your experience. And I so, so appreciate that. Plus anything that you can do at a traditional branch, you can do with them at fairwinds.org or on their app. And you'll have free access to over 33,000 ATMs.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Yeah, you guys, it's so easy to join Fairwinds no matter where you live. So go to fairwinds.org slash Ramsey.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Fairwinds is federally insured by NCUA.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Today's question comes from Andrew in Nevada. What do you think about companies displaying tariff costs, call outs in their prices when they've had to increase them due to tariffs? I'll be honest. I don't think I've I don't think I've seen this.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
And when they do, I mean, the truth is small businesses, we're going to feel it. I mean, any business, but especially, I mean, even with some of our stuff, you know what I mean? Like you just talked to like, I mean, there is a level.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Yeah, but the truth is it does affect small business. And so you may see that. Like that's.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Is there a judge involved, Nathan?
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Hey, guys, thanks for taking my call.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Hey, real quick, I just feel stupid for asking it, but I'm thinking about quitting my job I've been doing for about 20 years and just doing something totally different. Okay. Am I dumb for wanting to do something that's better paying?
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
My life, sleeping, everything like that. Am I dumb for wanting to do that? Why would that be dumb? I don't know. I'm just worried about making a big change, doing something for about 20 years and doing something totally different. I'm just nervous to take that step.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
The biggest thing I'm worried about is my retirement. I'll be leaving away a big pension. Well, I wouldn't be leaving it, but it won't be as big if I finish out doing my... How old are you? I'm about 40.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
What do you want to do, Jason?
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
I've got something else lined up, just doing my own thing, working with machinery and stuff like that, heavy equipment, clearing out brush and stuff like that.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Do you have history doing this stuff? Do you have something you are going to step into?
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Yeah, I've been doing it as a side gig.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Well, it's hard to say. Maybe about, I don't know, $1,000 a month, roughly.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Yeah, but if I was doing that full-time, yeah, I can definitely. There's a lot of ways to do that around here.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Right? Yeah, I can do that, absolutely. I work, you know, eight, ten hours a day. You married? That's no problem. Yeah.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Yeah, how are you guys financially, Jason? Do you guys have consumer debt savings?
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Yeah, we just got about $10,000 of debt to be paid off here in the next month or two.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Listen, if you change, if you change jobs, I cried. I don't like that change. That makes me sad.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Everybody loves change. I'm like, oh, do we? No, we do.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
I know. Well, especially in that scenario.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
I heard that message loud and clear. I gotcha. I gotcha. Yeah. Okay, you guys, 54% of Americans say it's a challenge to save on groceries without sacrificing quality. That's why I'm thrilled to tell you about Aldi. Aldi gives you simpler, better food choices that can save your family nearly $4,000 a year.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
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The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
And what does she say when you bring it up? You say, we keep getting in a fight about it. What's the dialogue? What's being said?
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Todd, the problem is you guys are acting like you're a married couple. You know what I mean? You're acting like, oh yeah, we are one in our lives and we're doing this life together. No, you're not. Financially, this is not a combined venture.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Almost $2,000 a month, Todd. That's a lot. It's not like you're like, oh, gosh, she spent $50.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Yeah. And know this, Todd, you know, I'm sure she does have marriage material and all of that. And not that certain subjects can't be agreed upon and seeing shared values and actually working towards reconciliation of us actually seeing life the same way. But there's like big issues that create that that have been studied and shown that cause divorce and money is always in that top three.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
So I don't know. I heard this example once. I thought it was funny. They were like, you know, if they're like, OK, the top three ways that you could die from here to walking to your car are bears. And bears are the one of the three ways that people die from walking from inside to their car.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
We'd all probably know about bears and be thinking about bears and probably have bear spray and be armed against bears and be aware. So if it's a major red flag in a relationship towards marriage, like it should be a big deal. Like this is a big red flag, Todd. Like you keep saying, you know what I mean? Like the attitude is like, well, it's just this. It may not be a big deal.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
What we're saying is for a romantic relationship, for it to go further and you guys get married. It's not that I don't have hope that you guys could create shared values and actually start as grownups talking about reality that we can't spend more than we make. And in reality, here's what this looks like for our life. You could do that. I hope you can.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
But if you can't reconcile this again, it is a big red flag, big red flag for marriage. So it's really important.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
I think he got his citizenship. He does have a citizenship today.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
But Jake, too, you know, when you guys go and and dice this out, you know, one of you being on the mortgage.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
So, you know, you're not – it's not like you're – Are you guys – is your wife out of debt? No.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
It may take – oh, yeah. Do you have a mortgage now?
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Sure. Okay. Because that'll keep it. I was going to say.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Yeah. Well, it's always a... It's such a frustrating thing because it creates these hurdles, which is true. When you don't live with debt and you don't have a credit score, there are going to be some of these hurdles that you run into. You can mostly always get past them.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Well, with the green card, yeah. Wow. But you guys keep on the track, though, because I think the mindset that you guys are in sounds like a good, stable place. So don't go off the reservation and do something crazy just to get this house.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Yes, I have. George, sketchy and never trust them.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Yeah, they do. Delete Me actually goes in and removes your information from data broker websites. And it is an incredible service that everyone needs.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
That's right. And then once they remove your information, then they're going to send you a detailed report telling you where they found your information, when they removed it, how many hours they've saved you. I mean, it is incredible. So detailed and it's beautiful.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
And for your. Peace of mind, Nathan. I'm like for this just to drag on in general, whether you need a car or not, for this to be sitting in such limbo for so long, I think, yeah, it needs to be done.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Well, you know, Billy, looking at your numbers, regardless of the OCD and the meal prep, you know, whole thing, I would tell you, regardless of it, of all of that, your income, it's got to go up, right? If you have $45,000 coming in, and that's before taxes, and you have $35,000 in debt, there's going to be... We need to increase your income 20 grand on a side hustle. What is the $35,000 in debt?
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
How much is your how much is your car worth today, do you think?
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
$500,000. Okay. So if I were you, because how much is your car payment a month? $500,000. Yeah. So I would be looking to unload this car ASAP, meaning you're going to have to get some money to shore it up and some cash available to buy a crappy car.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
But that's what I would be working towards because I think when that $500 is freed up, it's going to give you a little bit more wiggle room and what you're needing. And then in addition, as you continue to work more, be able to pay off this $12,000 in the unsecured debt that's going to collections, which if it's going to collections, you could probably settle as well.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
So I think that there's a way out for you. Upping the income is going to be the problem. For me, it's not the pre-made meals.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Yeah. Yeah. All of that exposure therapy, all that's for just your own.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
health billy right i mean that's not really the the key of getting out of debt here we say cut out restaurants and all that because usually we're talking to a couple or people with kids and you go and drop spending three thousand dollars a month on restaurants right right and so by you getting pre-packaged meals or something like that's not gonna that's not gonna that's not gonna bust your budget
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
But this car and upping your income is big. And, Billy, if you go on RamseySolutions.com and just type in side hustles, we've done so many articles recently, written articles about this subject, because even doing some of the every dollar webinars that we have done, the amount of money people make is wild. One lady, she's making close to $1,000. You ready for this?
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Every two weeks by doing laundry for people and folding it. It's her side hustle. So she's making almost two grand a month by doing that. And you're just like, man, that's $24,000 a year.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Impressive. And that's her side hustle.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
I mean, I don't know, but I was watching her because she had a video and I was like, it's like pristine. It's beautiful. Yeah.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
She does it at night. It's like her side hustle, but she does it for people so people don't do their own laundry.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Yeah, but almost $1,000 every two weeks is what she's making. Holy moly.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
So all that to say, Billy, there's some really creative side hustles. You know what? Go to RamseySolutions.com because we've got a lot.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
What will it be at? What percentage?
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
It's not even close. I think I was actually on the show with George when we were talking about this, because I think we were talking to somebody, and I remember he was moving, actually looking in Williamson County. This is the same call, Brady. I don't know if it was. And he was right at like 26.2% or something.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
And retirement as well. Add that back in. Yeah. So it's really just after taxes. After tax income. Yeah. Yeah.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
The phrasing take home pay can be confusing because you're thinking what hits your account and already insurance 401k, you know, all of that's taken out before it hits your account. So quote unquote, take home pay just means after tax.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Yeah, and your lawyer will know. I've always just been shocked, and I feel like I still learn this, how different state to state handles divorce. the law when it comes to divorce from communal assets, marital assets, like, like all of it, it is like, it is, it can get very complicated very quickly. And so making sure it's as clean cut as possible and quick and fast, that's the thing.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Yeah, and we always go back to this principled idea. The whole reason for all of this, right? The whole reason of being wise with your money, of taking control, of budgeting, having smart percentages with where you're allocating things, it's to create peace. That money is one place in our lives that can create so much chaos, and we're trying to avoid that.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
How can we let this part of our lives, our money... have peace in our lives and it not be the stress point. And so always remember that when you're looking at buying big things, you know, whether it's a new car, or a house, is this going to create peace for us? Or is this going to create more stress and anxiety? And that's what we're trying to avoid. So that's, again, the heart behind it.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
It's like wrap it up because, and especially since she doesn't have any representation, like. I don't know. It's going to make it worse for her probably, but also I don't know if it's going to string along all of this event.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
But always remember that we're looking for peace, we want peace in life, we don't want to be stressed and full of anxiety. So how do we deal with our money?
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Yeah. And if Brady's numbers were more like what we were talking about at the beginning, which we were wrong, then drive 20 more minutes to go get a house to keep peace. You know what I mean? Whatever that means that you have to do, it is worth it. It is worth it for your soul as a human in this life to have that peace. It is worth it.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
And is there child support payments on either end, paying out or coming in?
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
And I wonder, too, Jessica, I mean, I don't have a blended family, so I don't know, but I would even think that his kids that have 50-50 custody, you know, you guys will be paying half really for them expenses-wise, right, when they're with you half the month. Right.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
You have them, but then the other half you don't have them, so you're not paying when they're not there, right, for eating and all that kind of stuff, too.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Is there anything specific, Jessica, that y'all keep running into? Or is it just more conceptually like you just a conceptual question?
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
But I think... Do y'all do a budget together, Jessica, with both incomes? I'm just curious.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
You know what an interesting exercise for you guys would be? It's kind of a nerdy one. So like have a glass of wine and enjoy it because it's number heavy. But sit down and just say, okay, what if we took this philosophy, not just tactically we're sharing one account like what he's saying, but even emotionally. And like, let's put all the expenses, right?
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
You said, well, I pay for my car over here, put it in the middle, put it, everything goes in the middle of the pot and let's do a budget with both incomes in there, both sets of kids, like all of it, right? Both of us have a vote.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
And let's create that budget, see what that looks like monthly. And then Jessica, I mean, honestly, and then dream a little and just say, hey, In five years, in 2030, how old will the kids be? What do we want our life to look like? And what are some fun goals? And how could we get there together?
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
And again, mathematically, looking at the numbers of it, start just like running some rough estimates and numbers, because I think it's more exciting. And you may find it exciting. Hopefully you do. When you actually see some stuff, you know, being put together and you're like, oh, we can get ahead so much faster when we like when we really do tactically work together.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
But then emotionally, like there's something about it that's so uniting. And again, I understand the second marriages. There's some hesitation with this for a lot of people.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Or if you want to go buy something big and she's like, how much is it? Like, you know, just double checking. Exactly. Yeah.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Yes. And you both coming from similar situations, maybe the cause of it is different, but that is built in empathy, right? You're both coming from situations. So that's the positive. Well, we talked to some people and, you know, they marry someone who was divorced and they don't trust them now. You know, it's like this whole thing. So hopefully there's some of that empathy.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
But I really would, Jessica, sit down together and you guys just... That's good. Just put it all in one pile because there's just something about it that I think can be very energizing where a lot of people feel a lot of fear around that and a lot of caution, which is understandable. But once you just pretend, you're like, we're not really doing it right now.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Let's just pretend and have fun and take out a sheet of paper and just start... figuring this out, like there's something about it that is really uniting. And you can see how fast you guys can move together. And that's the other big thing couples miss out on. That's one of the biggest arguments is we feel like, well, we just have separate accounts completely. And you lose the synergy.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
Yeah, there's just something that's like, you're just going to go at a certain pace your whole life financially with that mindset. And so there's something really powerful about it. But I think it's a fair question. And we get... Yeah, I mean, the blended family thing is real. And even, you know, if there's people coming in with, I know we've got, we got a question.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
I know it's probably been a few weeks, but, you know, she came into the marriage with a lot of land from her family. And she, you know, she like, she's like, if something happens to this second marriage, do they get the land, his kid? I don't know. Like, there's just, there can be some complex issues. even estate planning stuff when this occurs. But it doesn't sound like you're there, Jessica.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
But just those are real problems. So if you guys have them, we see that and hear that.
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
How much of her salary is the 120?
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
So half of it. Is that paid for, paid maternity leave?
The Ramsey Show
You Can’t Fix Your Money Problems Without Facing Them
And how much are these car payments a month?
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Но я также не хочу, чтобы это дом был символом того, что я сделал, и я чувствую себя плохо, и теперь мне нужно сделать это для моего сына. Потому что ты знаешь, что хочет твой сын, Карина? Он хочет тебя.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
И если он хочет, чтобы его мама была счастлива, если этот мужчина, которого ты любишь, твой бывший парень, если это отношение, которое хорошо для тебя, и оно здоровое, и ты, ребята, сможешь найти способ разобраться между этими двумя вещами, или этой вещью о родительстве, которая большая проблема, но также, в конце концов, сегодня, как бы, есть второй момент компаньонства и любви в взаимодействии.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
И в этом моменте она имела часть вас. Для хорошего причина. Я понимаю это. Но я хочу, чтобы у вас была свобода от этого. И я думаю, что это связано с этой мамской злостью, Карина, которую я очень хочу, чтобы вы подумали. Спасибо за звонок. Я надеюсь, что это поможет. И я надеюсь, что вы можете идти так, как вам нужно идти. Несмотря на то, что это вместе или отдельно. Спасибо за звонок.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Я надеюсь, что Кен дает мне тяжелый час.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Я возьму грешную. Ты возьмешь? Хорошо, очень хорошо.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Сегодняшняя вопрос от Елизабет в Миссури. У нас есть 2 детских школы, 5 и 7 лет. Мы платим детям, чтобы купить в школе ужин раз в неделю. Школа без денег, поэтому мы добавляем деньги в аккаунт, чтобы детям было использовано, чтобы сканировать их ID-карту и ужин. В дополнение к обычному ужину, школа продает снаряжение на заказе. Это смешно. Нет, я не думаю, что это обучает им о вреде.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Как только боль приходит из пигги-банка, они учатся. Да, да. И реальность в том, что ты обучаешь им об обслуживании денег в 2024 году. Я имею в виду, что много... Да, это хороший момент. ...кассовых продавцов и продавцов, что это то, что это. Так что, что ты будешь делать с этим, с твоей дебетной картой и так далее? Так что... Да, это не трогает меня.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Я знаю. Мои дети покупают уроки в школе. У вас есть история? Ну, это просто было близко домой, потому что наша школа такая же. И, конечно же, есть приложение, на которое можно заполнить деньги и использовать Apple Pay. Я не знала этого. Это было несколько лет назад, когда я не знала, как все работает. И мои друзья сказали мне, что я могу вернуться и посмотреть, что они купили.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
И, конечно, конечно, конечно, конечно, есть подарки на подарки на подарки. И я была такая, что я знаю, я только что сказала, что она была такая, что, ну, некоторые мои друзья хотели что-то. Она покупала что-то для других детей. И я была такая, что нет, нет.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Так что учителя отличаются, потому что, когда они маленькие, как в первом, втором классе, вы можете имейлить их и даже сказать учителю, что они только позволяют подарок на фридай. И они помогают, вы знаете, Но некоторые из этих детей, это не всегда только Амелия, но некоторые из этих детей бодрят и говорят, что ты мне это заплатишь, и я тебе это дам.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Это как открытый рынок в области.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Я не знаю, я не думаю, что это будет Каролайн, наверное, давайте быть честными. Я люблю это, я люблю это.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Да. Много молитв сейчас.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Вы устали? Да. Вы устали? Да.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Итак, вот мои две вещи, о которых я продолжаю думать, когда вы разговариваете. Первое, как мы определяем безопасность для того, чтобы попасть в безопасный фонд, когда что-то неожиданное. Так что это не очень квалифицирует, потому что мы знаем, что она будет быть, да, это 16 лет или 15? Это 15. 15, да, хорошо. Мы знали, что она будет становиться 15. Это не неожиданно. Это urgent?
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Мне нужно сделать это сейчас? Сейчас, сейчас, сейчас. Да, я думаю, что urgent будет как-то квалифицировать, потому что там есть дата. И это необходимо, правильно? Так что это два вещи. Так что, честно говоря, эта вся вещь не проверяет все эти штуки для меня. Так что нет, это технически не... Так что это одна часть дискуссии.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Вторая часть – это то, что вы могли бы собрать с собой некоторую сумму, да, и, скажем так, предполагать, что это 10 тысяч, они хотят, чтобы вы сделали пять, вы могли бы сделать четыре. Можете ли вы взять тысячу из инвестиционного фонда, чтобы получить пять? Конечно, вы могли бы, да? Я имею в виду, что это не конец мира. Но мой главный проблем с всем этим, Джейсон, это то, что, как и свадьбы,
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
как и в других мероприятиях, как и на отдыхах. Если у тебя нет стабильного бюджета и нет ограничений на то, что ты будешь зарабатывать, то это становится более и более дорого. Даже когда ты строишь дом, то же самое. Линейка продолжает двигаться. Так что, если ты решишь это сделать и сохранить 4 тысячи для нее, Я думаю, это будет здорово. Я не думаю, что это плохое. Окей, Кен не так счастлив.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Если вы это сделаете, то должно быть очень четкое общение и границы с вашей будущей женой. И вашей дочерью. Я бы ее вставила и сказала, ребята, это то, что происходит. Вот, что у меня есть для вас. Это все. Это все, что я могу сделать в хорошем сознании и в хорошей вере, где я в жизни. Это то, что у меня есть. Работайте с этим.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
И вы установите тон, установите сумму того, что вы можете сделать, Джейсон. Потому что если вы скажете им, да, я сделаю половину, это будет идти от 10 до 15 до 20, и будет нет границ.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
И не забудьте о жалобе. И не забудьте о жалобе. Я говорю, дочери, вот дело.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Да, и это, Джейсон, и я знаю, что это такая культурная часть. Я знаю, что это так. И я знаю, что... Я помню, что у нас был парень, он был из Индии, и он хотел зарабатывать половину миллиона долларов на свадьбу. Я полностью уверена, что есть определенные культурные вещи, в которых ожидания очень большие.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Но это тоже так. И ты можешь говорить об американской культуре, о свадьбах или чем-то другом. Ты можешь добавить другие вещи. Это невероятно. Но часть того, что я взрослая, я смотрю на цифры, что Кен говорит, и я думаю, что это реальность. Это реальность того, что у нас есть, то, что у меня есть, и то, что я могу сделать.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Хорошо. И твоя мужская жена не любит это. Да. Так что готовься к этому.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Preston, how can we help?
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Президент, вы делаете очень детализированный бюджет? Очень детализированный.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Ну, это то, что сложно с персональной финансировкой. Мы всегда говорим, что это 80% поведение, а это 20% знание головы. на плане, который вы создали, вы перейдете за тысячу долларов в еду, вы бросаете, вы знаете, несколько сотен баксов здесь или там в течение месяца на все это другое.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
И поэтому, когда вы, когда вы осознаете, что это больше проблема дисциплины с вами и выборами, которые вы делаете в ежедневных зарплатах, это, это, это уничтожает жизнь из-за вас. Что я бы сделал, Престон, я бы выражал вас,
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Если вы останетесь на линии, я дам вам премиум версию EveryDollar, потому что EveryDollar является одним из самых полезных бюджетных инструментов, потому что он способен связаться с вашей банкой, и вы сможете действительно увидеть, как они проводят планирование зарплаты. Это очень простая вещь, и ваша жена может иметь тот же логин, так что вы оба имеете апп на телефоне.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
И я бы практиковала, Престон, действуя так, как вы делаете 80%. Делай так, как будто ты сделаешь 80 тысяч. И сделай бюджет из этого. И посмотри, что случится. Думай, что это означает, что нам нужно сильно подняться. Это означает, что мы не можем платить за эти 18 субскрипций.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Это означает, что, может быть, дети, которые делают веселые джим-классы каждые 2 дня в неделю, они не будут делать это больше. Ты должен подняться. Потому что я хочу, чтобы ты взял эти 80 тысяч... Или больше, я просто использую рандомный номер. Но я хочу, чтобы вы платили. Студентский налог, машинный налог. Я имею в виду все эти налоги, которые у вас есть, кроме вашего зарплаты.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Вы могли бы это снять так быстро. И что я люблю об этом, мы всегда называем это «газелин тентс», потому что это глубокий сакрифис. Вы бегаете, как если бы ваши волосы были на огне. И это как будто бы... Это как будто бы мы ничего не делаем. Мы ничего не делаем, и мы отрезаем. И это значит, что мы даже отрезаем более 80. Я просто сказала, что это веселая математическая игра на бюджете.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Просто посмотрите, что вы отрезаете. Начните там. И тогда я отрезаю так, как вы можете, Престон. Потому что я хочу, чтобы вы чувствовали прогресс с вашими деньгами. И это чувствуется, как вы спините свои колеса. У вас есть вся эта вреда, вы живете все еще с зарплатой. И не было никакого прогресса.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
И для того, чтобы получить эти выигрыши, есть какие-то вещи в жизни, которые вы сжимаете, и это будет больно, это не будет весело. И я знаю, что с новым ребенком вы все расстроены, я понимаю. Но это время, чтобы это сделать, чтобы подняться и сказать, что это сейчас или никогда.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Это для короткого периода времени, потому что тогда, когда все это ушло, Престон, я имею в виду, как много идет в пенсии за эту вложу в месяц, кроме вашего зарплаты? У вас есть это? Как много идет только в вложениях?
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Да, я имею в виду, потому что ты живешь, как если бы ты делал 190 и продавал все.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Да, но не кажется ли это как партнерская работа, но ты просто делаешь больше часов?
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Итак, вместо того, чтобы сосредоточиться на $12,000 машинном налоге, сосредоточьтесь на студентском налоге. Да. И просто забирайте это.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Вы можете делать дешевые еда на сезон, это не будет долго.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
И, Престон, я добавлю это для Кенни, потому что это всегда помогает мне. Когда мы делаем большие цели, то есть, например, для вас это отдача или, вы знаете, это спасение от чего-то. Посмотрите на таймфрейм. Да, у нас есть некоторые, но не достаточно, чтобы обеспечить их. Сколько? У нас есть универсальный фонд, чтобы начать универсальный фонд.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Друзья, давайте поговорим быстро.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Нет, не с точки зрения того, что вы хотите сделать. Я думаю, что это очень смертный шаг, и я думаю, что это прекрасный способ уважать ваших родителей, и легенду, и родительство, которое они дают вам. Я уверена, что они бы обрадовались видеть это, вместо того, чтобы пройти 18 путей по миру или что-то.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Я не знаю, есть что-то в этом, что, как бы, о, есть стабильность, это инвестиция, вы в семье и так далее.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Конор, вы хотите быть владельцами? Идея инвестиционного хозяйства звучит как, о, это звучит здорово, и да, есть пассивный доход, и я из хозяйственной семьи, мой муж любит хозяйство, я понимаю это. Но из-за этого я также знаю всю работу, которая входит. И потом ты говоришь о колледже.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Я уверена, что ты сможешь найти отличную группу колледжных студентов, чтобы продать это, но ты также продаешь это колледжным студентам. Или, возможно, ты, конечно, не можешь это сделать. Но, я имею в виду, что это не просто... О, да, это круто и весело. Я имею в виду, что это становится как-то парт-тайм-жобой.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
И если ты работаешь в полном времени, я буду честна, это может попасть в лапу вашей жены, если она должна идти и ухаживать за санкциями. Это...
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Это очень важно, так что я хочу, чтобы вы помнили, что это отличный способ иметь пассивный доход, но если бы я была с вами, я бы просто была свободна, и если вы хотите зарабатывать, потому что у вас не будет зарплаты, если бы вы просто продали его и заплатили деньги для вашей основной жильцы, да, я имею в виду, что это феноменально, тогда вы можете зарабатывать много, и если бы вы решили зайти в инвестиционное хозяйство, то вы могли бы начать маленьким, даже в другом месте.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Ты будешь поменять карпет в 3 года, ты будешь, наверное, поменять стену. Я узнал это от Георгия.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Я не думаю, что здесь есть неправильная ответственность. Если бы у тебя был вред и вред премьер-резиденту, я бы сказала, что ты бы убил его. Но для того, чтобы его убить, это не правильно или неправильно. Это просто так, где вы хотите поставить свое время и свои усилия. Если это... Мой папа или мой муж, они, наверное, будут держать это, потому что они любят хозяйство.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Да, я могу найти секрет, да.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
И они говорят, что это дорого, потому что это часть того, чего они любят. Но для меня это... И колледж. О, боже, я только вспомнила, что я была в колледже, когда я рентгенировала дом. О, боже. Винстон жил с шестью людьми, когда я рентгенировала дом. Это ужасно. Я уже ужасно. Это было ужасно.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Мы были хорошими арендаторами. Мой группа друзей. Мы были очень чистыми. Мы обращались за этим домом.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Не так стара, как я. Не совсем на берегу границы.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Так что мы уже... Да, ты получаешь мой... Нет, я всегда говорю, но в моем голове, если она работает, я получаю секрет, да? Но если ты работаешь оба...
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
full-time okay i said i acknowledge that she kind of had me on a technicality but it's still dishonest and we still have an ethical issue that she could get penalized for but with one which all i care about is but if abc company doesn't care that she's also working for xyz how do you know because they don't know no but what if they're not then it's not then in your book is it okay if they're okay with it if they're okay with each other 100 so it's the secrecy that's bothering you that they don't know about each other
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Нет, я думаю, что наша правильная задача – это один месяц зарплаты.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Эм... Может быть, у нас есть некоторые, но мы не говорим людям, чтобы остановить детские шаги, чтобы родиться и делать все это. Поэтому, если вы можете сделать оба в одно время, спасать некоторое денег для обслуживания, а потом оставить на стороне тоже за ринг.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Да, я бы пошла быстрее. Я бы сказала... Все в порядке. Собирайся, пойди. Я имею в виду, что у тебя есть... Это как флешмоб в бюджете. Да, да. И просто поставь немного денег. Да. Ну, вы хотите свадьбу, или вы как-то низкий уровень с ней, и нет большого дела?
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Да, это здорово. Так что вы будете платить за это тоже. И после того, как вы будете женаты, вы будете комбинировать свои доходы и все это. И если у вас остается что-то, чтобы построить транспортные фонды, то сделайте это. Но я бы... Да, я бы была жената, как только я бы была жената.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Я знаю, ты старый человек.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Нет, Дэвид. Нет, мы не рекомендуем реверс-моргажи, потому что они делают точно то же, что они говорят. Они возвращают вас в реверс. Вы прогрессируете, вы платите за дом и строите эту ценность, и вы будете начинать сразу обратно. И так, это продукт, который маркетируется на 60+, когда вы смотрите на какие-то... Я имею в виду, серьезно. Нет, это правда. Серьезно, Дэвид.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Потому что вот еще один момент, Дэвид.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Окей. И, Дэвид, у вас есть что-то в зарплате?
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Так что, если вы продаете землю, ликвидируете хозяйство, или ликвидируете машины, все, сколько, вы думаете, вы выйдете?
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Но также, когда у вас нет дисциплины в этом. Если бы я была вашей женой, я бы сидела и подразумевала план и сказала, что мы 65 лет, у нас 180, мы все еще в зарплате. Ты получил $30,000 в зарплате, $20,000 в вреде. И сейчас время начать убирать это, Дэвид. Я имею в виду, честно говоря, заплатить эту вреду так быстро, как можно. У вас нужны какие-то зарплаты в банке для инвестиционного фонда.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
I want you to be able to map out.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Редактор субтитров М.Лосева Корректор А.Кулакова
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
ЛМНО-компания, и ты найдешь другую работу.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Это не совсем 3000, потому что ты сказал 97.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
И только для ваших собственных бенефитов, если вы не работаете 80 часов в неделю, вы работаете 40.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Это правда. Это правда. Хорошо, спасибо вам большое. Спасибо за ваше внимание.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Спасибо. Да, абсолютно. Как нам помочь?
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
И что было с разоглашением, Карина?
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
And to this point, I get it.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Your spouse should come first.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Did you initiate the breakup, or did he?
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Он 21, а у него 15-летний ребенок? Нет, мой сын 21.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Я думала, что ты говоришь, что он, а не твоя сеансе. Я извиняюсь.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
Да, и, Карина, для тебя, как мамы, потому что я могу только представить сокращения, которые ты сделал, когда он был маленьким, и это то, где много эмоций приходит. И поэтому я чувствую, что я бы, я бы, я бы как-то вынуждена сказать, что ты знаешь,
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
this is a symbol this house is a symbol of your hard work you feeling guilty probably a level of mom guilt of leaving your son when he was younger and it's excruciating you know when i have to leave my kids i had a four-year-old crying in the garage when i pulled out to come do this show like it's it's not it's not fun like it is it is hard as a mom uh for those working and that you're like oh and so you as a single mom especially
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
И я не хочу, чтобы это было моментом для тебя в будущем с отношениями. И я понимаю, что это для того, чтобы защитить это от твоего сына. Но как мама, я не хочу, чтобы ты держала этот бурдон, когда ты думаешь, что ты должен сделать это. Потому что, Карина, ты сделала то, что тебе нужно было сделать. Ты была единственной мамой. И это была ситуация, в которой ты была.
The Ramsey Show
Define Your Future By Setting The Right Financial Priorities
И ты не была плохой мамой для того, чтобы это сделать. Так что дать своему сыну дом или нет не сделает тебя хорошей или плохой мамой. Я хочу, чтобы ты разделила эту язык в твоем голове. Потому что я чувствую, что это переворачивается в эту решение. Это понятно? И я благодарю тебя за то, что ты так защищен от этого, потому что, опять же, я слышу то, что ты говоришь, так что это имеет смысл.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Well, did you get a second opinion, James, or did you just go to the dealership?
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Yes, I have, George. Sketchy and never trust them.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Yeah, they do. Delete.me actually goes in and removes your information from data broker websites, and it is an incredible service that everyone needs.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
That's right. And then once they remove your information, then they're going to send you a detailed report telling you where they found your information, when they removed it, how many hours they've saved you. I mean, it is incredible. So detailed and it's beautiful.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Absolutely amazing. And Winston and I now get fewer texts, weird emails, spam calls, all of it.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Again, that's joindeleteme.com slash Ramsey. Make sure to check it out, you guys.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
And with appointments, OB appointments and everything. Yeah, the whole thing.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Man, your heart. That's a grief in and of itself. Yeah, that's a heartbreak right there. I mean, that's a divorce emotionally.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Or did they think when they were building on the property that automatically the land under that is theirs? Is that what they thought? Right.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Do you have a good support system around you? Do you have family or anyone?
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Yeah, you're at the bottom of it emotionally, right? From a relationship breakup, the news of a pregnant... I mean, yeah, you're at the... It's exhausting. I can only imagine. So it goes up from here. It really does. But yeah, man, we run into single moms all the time on the show. And it is incredible, incredible what they do when they rise to the occasion. And you're going to be that.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
You're a great mom already. I mean, you have a 12-year-old. So... Um, man, we were cheering for you. I did want to ask from a financial standpoint, how much do you have left on your car to pay off? You said it's your only debt.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
No, no, no. So, yeah. But to the numbers earlier, Joey, you could see that, yeah, I mean, by the time baby comes and when you come home, everything's good. You'll have this car paid off.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
And you graduated from high school.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Well, again, because it's two incomes coming together.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Yeah, because it's more than you.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
That's exactly what I'm saying. You're welcome. You're welcome, man. Oh, man. You know what? And from no data, just Rachel's life, I know so many great single women.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
So many great single guys. I don't know where all the dudes are. I'm like, guys, come on. Come on, guys. Make the first move. Come on.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
You know what's funny is so many girls on our team that we do shoots with and content, all of them, the ones that are single, are like literally, if he says, I own a home, they're like, oh my gosh. Because the amount of guys that just don't, they're just kind of like, I'm good. It's just like there's not this feeling of... proactiveness as much.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
I know it's not true for every guy, so I'm not going to stereotype.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Yeah, I know, but I do find that a lot of girls that are in their late 20s and early 30s, they're ready. They're like, I would love to be married, but all these guys that they meet, it's just like, man.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
And if they own a home, they're just like, oh, my gosh, this is amazing. He owns a home. Right.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Yeah, I know. So, oh, man, that's interesting, though. That's good data.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Okay, you guys, 54% of Americans say it's a challenge to save on groceries without sacrificing quality. That's why I'm thrilled to tell you about Aldi. Aldi gives you simpler, better food choices that can save your family nearly $4,000 a year. From the daily essentials to organic produce, fresh meat, and more, Aldi has what you need at prices that won't bust your budget.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
So stop paying more and start shopping smarter at Aldi, where you'll save with the lowest prices of any national grocery store. Find a store near you today at Aldi.us. That's A-L-D-I dot U-S.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Why didn't she put her husband in the will? Was she of sound mind? Is that what he came back to and said?
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Okay. And she's got $120 in credit card debt.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Today's question comes from Ian in Louisiana. My partner and I recently had our first kid before we were together. I used to save money like crazy. Fast forward to now, and I realize she has a massive amount of credit card debt and student loan debt. She also has a mortgage on her house that's very high.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
She has a job, makes her payments fairly regularly, but there's no sense of urgency to pay anything off. For the first time in my life, I feel like I can't save any money because I'm trying to keep her and our household afloat. I don't know if there's a situation. I don't know if there's a solution, but there's a resentment building in me and I don't know what to do.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Well, this goes back to what we were talking about in an earlier segment last hour of playing house and just trying to do life together and everything. It's not working. Yep. It's not working because, I mean, I don't know if there's a solution. Well, you guys are living together and you have a baby.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Yeah, and start working together as a team. And all of a sudden, stuff starts moving and happening. But this whole idea of just trying to play like we are married and we're doing life together, but we're not really. And because of that, she has these over here. I have this over here. You can't build a life together. You just can't.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Mm-hmm. Is it flexible, or you have to be on the clock at 9 with your job?
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
And is she on her own? Does she freelance or is she working like for an agency?
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
But you guys can shift what you've been doing.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Well done to both you and your wife.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Wow. It's amazing. There's a time in your life and the baby steps for renting, but you don't wanna do it forever because when you rent, you're still paying for a mortgage, just somebody else's. Plus rent means instability in your budget because it always goes up, never down. So when you're ready to buy, make sure you work with a mortgage partner you can rely on. Churchill Mortgage.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Churchill is Ramsey trusted to help you make the move from renting to home ownership wisely. Churchill understands that when you buy a home the Ramsey way, your mortgage payment will be a consistent, manageable part of your monthly budget. Plus, when your home is paid off, that was your largest expense. Now it's extra money in your pocket.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
and an asset towards turning you into a Baby Steps millionaire. Get started on the American dream of home ownership today at churchillmortgage.com. That's churchillmortgage.com.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
No, no, the husband. The husband. The mother-in-law. The father-in-law stopped construction because he's mad at them.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Yes, yes. Correct. Of the tiny home.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
115 or 50? Sorry, 115, 115, 115,000.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Yeah. Right. But that one 15, if someone else can take that over is what you're saying.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Oh, shoot. I mean, really, there's not a. Well, you want reconciliation. I mean, the perfect world is that there is reconciliation. Is your husband, Jamie, is your husband like on the forefront of this emotionally and like in it? Or do you feel like you are more like holding the pieces together of everything that's happening? Like, do y'all both have emotional ownership in it?
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
What are those going to pay? Do you know? More than 42?
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
$100,000. Where are you getting that?
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Okay, because that's her son, so I feel like his weight in this.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Well, it is because it's a simple grocery shopping experience if you've been. And they make it quick. It's not overwhelming. Like I feel like some other of the competitors you walk in and it's just like this like acres and acres and acres of land of grocery aisles. It's really simple. And honestly, it is. It's the prices.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
After you get done shopping, you look at the total and you're like, oh, my gosh. But it's all good stuff. Like it really is the quality, their meats, their produce, all of it. So I know it is one store in all of my content and for years and years and years. When we talk about groceries, I always mention Aldi even before they came on as a partner with Ramsey.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
But because it is true, that is what you get. You save money and you get good quality groceries. which is what we're looking for. And it is. It's when we talk to families, and I know this, having three little kids, it is the number one budget buster is food. Oh, definitely.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
Like when we do our every dollar, even, oh, I hate to say it, we're at the end of the month, and I went in today and did my transactions, and I may have upped our grocery line items. I was like, crap, we have one more week. I got to get stuff. It's just, you just end up spending a lot.
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
But with Aldi, you're able to do it in all these trips and get good quality stuff and keep it within the budget, which is-
The Ramsey Show
When Are You Going To Clean Up Your Financial Mess?
And it's growing, too. And it's like I think it is the fastest growing grocery chain in America right now. So they're popping up even within Nashville, like they're popping up everywhere. So there should be one near you guys. And so if you are a family or not a family, like whoever you are, if you need to save
The Ramsey Show
Everyone Makes Financial Mistakes – Don’t Let Yours Define You
Yeah. And it's spot on.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
And if that's too much, if 1500, if they can't swing it, I still would.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
yes well and considering the mortgage is usually the the highest line item for people of what they're paying every single month and that's money i mean 800 bucks is pretty good you know what i mean like yeah there's a lot of mortgages a lot more than that oh definitely definitely um being able to pocket that every single month and being able to use that to live off of versus having to pay the mortgage i mean that's where the math that's where it gets crazy
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
200 grand. Man, I thought she was going to say Price is Right or something.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
good nutrients you know for the little ones oh my gosh we'll eat tacos and tuna fish the rest of our life yeah were y'all both on agreement for being intense because we usually are like y'all both are you're both like we're gonna just who want who wanted it the most though like who's the one i think yeah okay i did i was like okay i like it yeah good to know
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
What a full circle moment, right? Of what kind of person you were when you left. Absolutely.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
absolutely like health financial all of it yes and then when you like walk back in you're like i am just a different person that's amazing yes yes so great well thanks to you guys this is this has been incredible really oh well you guys did it i mean absolutely amazing okay so what was the hardest part because i always find it fascinating when families like they have babies in the middle of doing the baby steps right because it's a lot it's a lot of life that you live in that time but what was what was the hardest would you say i think patience
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Right. And if there was an effect or something happened and they all went within 12 months, you know what I mean? Like it's enough of a spread that it's going to be so gradual.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
I don't know. That's what I'm like. I don't know.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
So good. That is awesome. Sweet girl. Oh, my gosh. So good. There's a time in your life and in the baby steps for renting, but you don't want to do it forever because when you rent, you're still paying for a mortgage, just somebody else's. Plus, rent means instability in your budget because it always goes up, never down.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
So when you're ready to buy, make sure you work with a mortgage partner you can rely on. Churchill Mortgage. Churchill is Ramsey Trusted to help you make the move from renting to home ownership wisely. Churchill understands that when you buy a home the Ramsey way, your mortgage payment will be a consistent, manageable part of your monthly budget.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Plus, when your home is paid off, that was your largest expense. Now it's extra money in your pocket and an asset towards turning you into a Baby Steps millionaire. So get started on the American dream of home ownership today at churchillmortgage.com. That's churchillmortgage.com.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Oh, I love it. Michelle's in Dallas. Hey, Michelle, what's up?
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
I'm so sorry, Jackie. When did you get this diagnosis? Thank you.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Wow. How long are they saying until you're legally blind? Did they give you a timeframe?
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
And starting kind of from scratch from the home side, they're renting still. So that's going to be the next big amount of time.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Yeah, well, getting rid of the consumer debt.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Maybe on that, but on social, it is very common for that size of an audience to...
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
I know. But there is a whole world out there, and it is wild what people will pay. So all that to say, you guys could make, I mean, hundreds of thousands of dollars a year by her just doing this.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
I think it's all on how you guys approach it, how you position it and the role that it plays in your life. So I do think that they're very healthy to create boundaries where you guys want. And I would be stricter on the boundaries early on. And as you get used to something, maybe you're a little bit more flexible and you're like, yeah, that can kind of move. We feel good with that. Yeah.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
I don't do it for a living. And I do think there's a world out there, yeah, where this is their world and their life and their family is their content completely. And so with those people that I've talked to in that space, a lot of them do have very strict guidelines of times that they shoot, times they don't.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Because I do think this mingling of the phone and social and videoing everything for content, which is the job, essentially,
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
it I think it does affect the family in a very negative way over time and so for you guys just to say yeah we can enter into the space but you know from 5 p.m to 8 p.m we're not we're not filming this stuff like you know we may do some content here or there throughout the day I don't know do you know me I feel like you have to be very very yeah very intentional and seeing it as a job versus it being so fluid with your life because people that I see do that it it
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Yeah, I mean, yeah, that's it. And you're the camera crew. Yeah, totally, totally.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Can I say this too? I would, and I don't know how you would discern this, Josh, but somewhere along the lines that this can be an industry, I think, because I could feel myself get into it, that you make money so fast and pretty quick. Like, yeah, I need three stories back to back and we'll pay you 15 grand. And you're like, oh my God. It can end up being golden handcuffs.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
where you're making so much, you're making, you know, 400, 500 plus thousand dollars a year. And it is work. I'm not saying it's not, but it's like, how could we say no? If it ever got to a point where it's stressful and it's starting to ruin the family, it could be a hard no to stop because it's such like lucrative money. Does that make sense?
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Well, yeah. And it's like we, even if it's ruining us, it's such easy. It's money's right there. Like, oh my gosh, that would be so hard. So it's like, there would be some hard and fast rules of stopping.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
if you could lay out ahead of time, which I think is hard, but it can be a golden handcuff kind of thing where you end up sacrificing the family in a sense, even if it's going down, because it's just a lot of money. Does that make sense? And people feel that in other jobs too.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
And kind of in a different way. We were on my show earlier, and I love the setup because it's not about, or you can say it, but it's not about the investing and the interest rates and the mutual funds and all of it. It's so much more. It's about the emotion, the heart, the feelings behind money, which you have to get right or it'll ruin you.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Yeah, and the tricky thing is we live in a world where they say if you just have success and money, everything's fine.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
I think it's such a great example when we say money is a magnifying glass. We haven't seen that for years. And that's it, right? Where you're like, all of this was in you, in all of us. And then when you start to win with money, you are magnified, the good and the bad of us. And if you don't go back to those bad parts, which are coming out as stress, coming out as anxiety, all of that.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Yeah, it's like, what am I doing? Like, I was almost better off without all this. And you know what I mean? And it's like, what do I do?
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Yeah, or spend it on vices to medicate or whatever.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
How did the spiritual part of you kind of weave into some of this too? Because that was a big part of your story.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Which goes such against the grain too of the applause of the world, right? And so some people are out there and they're like, this may not be like what you're specifically talking about, but it's like, well, I want the nice car to feel like I'm successful. You can plug in any element of this and you're fighting against the world for what the world applauses versus what's really true inner peace.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
You spent years trying to get everything just right for your family. Now you need an easy way to make sure your important financial documents are as organized as the rest of your house. Well, good news. Knockbox, that's N-O-K box, as in next of kin box, is a complete system that helps you be sure that you leave happy memories, not a mess when you pass away.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Yeah, and in that same vein, you know, that there's a lot of different tracks and a lot of different career paths, companies, associations, all different things that are going, that take this route of, we will pay your student loans if you come work for us, or we'll pay your tuition if you come work for us, right?
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Knockbox is a simple way to organize important paper and digital documents, IDs, tax returns, insurance policies, estate plans, accounts, and other personal history in one manageable place. Your family will feel your love in every detail you take care of. So start taking care of them at knockbox.com slash Ramsey. A well-organized legacy is a gift to your family. That's knockbox.com slash Ramsey.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Today's question comes from Kayla in Montana. I want a new car. My husband lives and breathes by Dave's rules and he thinks we can't afford one. We're both 35 years old and together bring home $700,000. Our only debt we have is our $600,000 mortgage on our home and a $65,000 rental home. Our net worth is close to $1 million. We have two young daughters and plan to add to our family soon.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
So I want to save up and buy a new midsize SUV this year. My husband wants to purchase a used full-size SUV and keep it for a minimum of seven years. Which one of us is correct? I don't understand. My husband wants to purchase a used one and keep it for a minimum of seven years. Do you get it?
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
And so that guaranteed time, though, still a good idea to have someone else pay your tuition, even if you are stuck in a sector or stuck in a specific company. Depends on how long you're stuck in it.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
No, but she may feel, on the other end of the coin, frustrated.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
And she's like, hey, can we spend $50,000 on an SUV? And he's like, nope, nope, nope, nope.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Okay, that's my point. Okay, so what if they're both adults?
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
And she's like, listen, we have plenty of money.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Because they do have a $600,000 mortgage, right? So I'm like, there's like... There's something wrong.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
I think you're offended that she... No, I mean, it's just... I'm kidding. No, I'm kidding.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
And I think the frustration comes from when we've talked to so many married couples.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Well, that and it reveals the state of the marriage and probably how it is. And you care more about their marriage in that sense. You as people need to become healthier. And these decisions coming out of that... become way more peaceful and more mature.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
So, well, yeah, that's such a reflection, though. It's kind of we're talking about with Lewis in the last segment. Yeah. it's a reflection so much of who you are and your character and the health of you, right? And money either magnifies those healthy versions of you or it magnifies the unhealthy broken sides, which we all have both.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Including the marriage. So him bringing in, or them, she says we bring home together $700,000, so I don't know who brings it home, but the idea that you're making a lot of money is magnifying through a car purchase some of those dysfunctional parts of the marriage. And looking at that and becoming healthier in that fixes some of this.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Yeah. Yeah. Yeah. Because there's some great tracks out there. And then we've also heard on the flip side.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Just to make sure that it's a clear, obvious way and that it's for a shorter amount of time, not a longer. Yeah.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
What's he planning on doing with it, Bob? Do you know?
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
What was your gut, Bob, you and your wife? Did you guys have a strong opinion or leaning a certain way, either one of you?
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
And it's just, it is another example, which we have.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
We have a textbook full of these examples of co-signing. Never co-signing. But I mean, it's this, and thank God, you know, Bob, they have the money. We talked to a lot of people that co-sign for a car, and they can't even make the payment, nor the person that could. But again, it's the relational aggravation and strain that debt causes on people, and it's not worth it.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
And I know he said they're still paying for it. It's kind of like almost the stupid tax idea.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Because we're seeing a lot of that, that kind of creativity from employers to attract people. Yeah.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
All right, Dave, you have some strong opinions. Possibly, yeah. I think so. Because you really prefer credit unions over big banks. So why is that?
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Yes. Well, and I think we have found one that is incredible, and that's Fairwinds. They are an incredible credit union that is really out with the heart to help the customer.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Yeah, absolutely. And you're right. Their customer service is unbelievable. Winston and I just signed up and we got an account. And I'm not kidding. It took less than five minutes. It was so user-friendly. The step-by-step approach was unbelievable. And then the next day, my phone rings and it says Fairwinds on my phone.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
So I answered it and talked to someone there and they said, yeah, they give... calls to every new customer. And so again, they just really care about your experience. And I so, so appreciate that. So again, you guys, I know it can be a pain to switch banks or to open up new accounts, but Fairwinds, again, they make it so easy.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Plus anything that you can do at a traditional branch, you can do with them at fairwinds.org or on their app. And you'll have free access to over 33,000 ATMs.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Yeah, you guys, it's so easy to join Fairwinds no matter where you live. So go to fairwinds.org slash Ramsey to learn more. That's F-A-I-R-W-I-N-D-S dot org slash Ramsey.
The Ramsey Show
Quit Trying to Outearn Your Stupidity!
Can you tell us which game show? Are you allowed to?
The Ramsey Show
Wealth Magnifies Who You Already Are
All right, Dave, you have some strong opinions.
The Ramsey Show
Wealth Magnifies Who You Already Are
Yeah, I think so. Okay, because you really prefer credit unions over big banks.
The Ramsey Show
Wealth Magnifies Who You Already Are
Well, and I think we have found one that is incredible, and that's Fairwinds. They are an incredible credit union that is really out with the heart to help the customer.
The Ramsey Show
Wealth Magnifies Who You Already Are
Yeah, absolutely. And I love it. The things that we teach, they so line up with. And you're right, their customer service is unbelievable. Winston and I just signed up and we got an account. And I'm not kidding. It took less than five minutes. It was so user-friendly. Like the step-by-step approach was unbelievable. And then the next day my phone rings and it says Fairwinds on my phone.
The Ramsey Show
Wealth Magnifies Who You Already Are
So I answered it. And talked to someone there and they said, yeah, they give calls to every new customer. And so again, they just really care about your experience. And I so, so appreciate that. Plus anything that you can do at a traditional branch, you can do with them at fairwinds.org or on their app. And you'll have free access to over 33,000 ATMs.
The Ramsey Show
Wealth Magnifies Who You Already Are
Yeah, you guys, it's so easy to join Fairwinds no matter where you live. So go to fairwinds.org slash Ramsey.
The Ramsey Show
Wealth Magnifies Who You Already Are
Yes, I have, George. Sketchy and never trust them.
The Ramsey Show
Wealth Magnifies Who You Already Are
Yeah, they do. Delete.me actually goes in and removes your information from data broker websites. And it is an incredible service that everyone needs.
The Ramsey Show
Wealth Magnifies Who You Already Are
That's right. And then once they remove your information, then they're going to send you a detailed report telling you where they found your information, when they removed it, how many hours they've saved you. I mean, it is incredible. So detailed and it's beautiful.
The Ramsey Show
Wealth Magnifies Who You Already Are
Absolutely amazing. And Winston and I now get fewer texts, weird emails, spam calls, all of it.
The Ramsey Show
Wealth Magnifies Who You Already Are
Again, that's joindeleteme.com slash Ramsey. Make sure to check it out, you guys.
The Ramsey Show
The Road to Financial Freedom Begins With Hard Choices
Live from Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships.
The Ramsey Show
The Road to Financial Freedom Begins With Hard Choices
That's a hard one, Sierra. 20,000 bucks.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Do you have access to y'all's checking account? Do you have a debit card to go and spend?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Because hopefully you have the character to say, I'm an adult and I'm going to start making adult-like decisions. And now it's showing that her character isn't there.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Right. And it's not even like a situation, Derek, where she's working and she's like, hey, but when I become a mom, I want to be full-time at home and I want my job to be that. I want to transfer home and be a full-time mom. But there's no initiative at all in who she is. And what always that fear is to me is is that it starts to bleed into other areas of your life. You know what I mean?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Of like this procrastination, just apathy, apathy or laziness, or like, I don't know what it is, but I'm like, man, yeah, it's just not very, it's not a lot of attractive qualities that come out of that. And I'm not saying that she needs to like, Oh, be some corporate woman climbing the ladder and working 80 hours a week.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
It's not even that, but it's just like, yeah, I want the dignity to have my own money. I'm 26. I'm 26. And I've been in school for, For what, eight years?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Because what's so hard, Derek, when you get to this point of a relationship, and, like, and George knows this, he's married, and so am I, but it's like... you have the romantic side, right? You, you fall in love. They're attractive. You know, you have chemistry, like all that stuff is great. But then what ends up kind of where like the rubber meets the road is when real life happens.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
And it's like, I've chosen someone in my life.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah. To walk life with and life isn't easy. And so there's a level of resilience you want in a partner and a little grit. Yeah. And, and none of that is coming through right now. And, and, and, I don't want to blame her for her brothers, but the whole family says that a 31-year-old man is still in school. Like, that's her brother. And that's who you're marrying into, too, Derek.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
What do you think? What do you think?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
I think, I think that's fair. I, yeah, I don't think that's unreasonable when you're not, you know, looking for her to make a hundred, you know, it's like, oh, well, she's not making a hundred thousand a year. She's not, you know, it's nothing to do with that. It's just the effort as a human and an adult in the world today.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
If you're tired of living paycheck to paycheck and just keep wondering, where is all my money going? Our team is hosting a free budgeting training this month. So you will learn step by step on how to make and stick to an every dollar budget. And you get to ask all of your budgeting questions. We have a live Q&A with our coaches. And this is a great webinar to sign up for.
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Focused People Build Wealth—Distracted People Stay Broke
Live from Ramsey Headquarters, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I'm Rachel Cruz hosting this hour with my good friend and co-host of Smart Money Happy Hour, George Camel. And we will be answering your questions. So give us a call at 888-825-5225.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
So you can sign up for free at every dollar dot com slash webinar spots are limited. So make sure to check that out. All right, let's go to John in Aspen. Hey, John, welcome to the show.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Good. I feel like I have so many dumb and dumber jokes right now. I could start.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
I know. But how can we help?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Sally, how long have y'all been married?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
And you say $30,000 in credit card? What did you say?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah, it's a negative net worth. With your debt.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Does this feel weird to you?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Now that I say it out loud, it is. Okay. Because it's very weird.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah. And the reason why we do that, John, is because what we find is home ownership is extremely expensive. Right. So when you when the heating and air goes out, you know, you have to take care of the yard. I mean, there's so much that goes into owning a home and it's very expensive. And so when broke people go and buy homes, they become broker owners. is what happens.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
They get in a really stressful spot. And so putting yourself in a position where you have such this like zero risk, lots of money in the bank. So when things come up, it's like, oh, that broke. We'll just fix it here out of this cash that we have. We're not having to go deeper into debt for things that happen. We have the ability to be autonomous with our money.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
And that is a very stress free way to live versus the opposite. And the opposite would be what many people do, John, they're in your situation and then they go and get a mortgage and get a home and they're dating someone. They buy a house with the person they're dating.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
And then they look up in three years, they have no money, a relationship that's broken off, but the other person still is on the deed of the home and like all of it. And it's an absolute mess. And they end up calling our show. So I'm glad you called when you did, because we want to stop. We want this to be way smoother than what we see a lot of people do. So
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
doing those first two steps, like what George said is key, and then saving up at least a 5% down payment, if not more, that would be great. And then walk him through, George, just kind of our formula when it comes to homeownership, because he's asking about the mortgage.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yep, for sure, John. Thanks so much. Thanks for the call. Yeah, I think that's what's hard, George's.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
You know what, John and Aspen, you go buy that house right now.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Well, that was the call that Ken and I think Jade took earlier this week maybe. They were telling us that – Um, yeah. Deed to a house and they ended up breaking up and he stopped paying.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yes. So, I mean, it's just those situations and. Yeah.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
I know. And what's always so funny is that the advice we give, we joke that we're weird.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Because, you know, for John and his situation, like that is so normal just to have a car payment, have some credit cards. I haven't hit the credit card limit. I'm way under. So I'm being responsible right in his head. He's like, I'm being responsible.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
$15,000, yes. And not a big savings. All this. That is normal. And that's why our advice usually on this show is the complete opposite of the situation of what people are doing. And it does. It gets back to just this common sense approach. But it's the one that works that we see time and time again. So I'm glad he called. Yes. Yes.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
All right, Dave, you have some strong opinions.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah, I think so. Okay, because you really prefer credit unions over big banks.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Well, and I think we have found one that is incredible, and that's Fairwinds. They are an incredible credit union that is really out with the heart to help the customer.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah, absolutely. And I love it. The things that we teach, they so line up with. And you're right, their customer service is unbelievable. Winston and I just signed up and we got an account. And I'm not kidding. It took less than five minutes. It was so user-friendly. Like the step-by-step approach was unbelievable. And then the next day my phone rings and it says Fairwinds on my phone.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
So I answered it. And talked to someone there and they said, yeah, they give calls to every new customer. And so again, they just really care about your experience. And I so, so appreciate that. Plus anything that you can do at a traditional branch, you can do with them at fairwinds.org or on their app. And you'll have free access to over 33,000 ATMs.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah, you guys, it's so easy to join Fairwinds no matter where you live. So go to fairwinds.org slash Ramsey.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Our question of the day is brought to you by YRefi. When life happens and those private student loans go into default, YRefi offers real responsibilities, not judgment. YRefi will help you explore low fixed rate based loans on your unique situation, based on your unique situation. So go to YRefi.com slash Ramsey. That's the letter Y-R-E-F-Y.com slash Ramsey. May not be available in all states.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Okay, so when you come to him and you say, have you ever asked, have you guys ever breached the conversation of, hey, we're going to have a budget, and I'm going to put in exactly what I need to spend that stays within what you make, that we're not going crazy, we're not going deep into debt, we're not doing any of that, we're going to live within our means, and I have full access to
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Nice. And you were laughing at some guy's phone in the lobby.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
We were taking pictures. I never even noticed that stuff. George is like the Apple guy. And he's like, hey, is that the iPhone model 4?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
I know. As you can tell. And the guy in the lobby with the phone, he's doing great. He's thriving. He's living a great life.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Well, and the thing always is when you get stuck in a system where you're locked in and you cannot get out, that's not fun. That's not what you want to do. So that's essentially what debt is and essentially what these kind of plans are.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Oh, come on, George. I'm not an elitist. Such a judgmental. Do you know I had an Android? Did you? Yeah, I had a Black Bear. This is back in the 20s. 2007 or something, but it was a Blackberry.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
That's not an Android. Oh, then an Android. I'm giving you my cell phone. I was a Nokia user and then a Blackberry and then an Android for two years. And I swear I would never get an iPhone. I don't know why. I didn't like them. I didn't like the people that had them.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Now I'm that person, and I've been that person for a while.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
So true. Okay, let's go to Lauren in Kansas City. Hi, Lauren. Welcome to the show.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
To our money and that this is what we're going to agree on and that you have a full say in it. Has there ever been any kind of conversation around those lines?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Well, you're wanting to start a small business.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
And how expensive, how much money can you make by doing that? Like if an event rents out one of your backdrops, how much are you making?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Okay. And how much do you have in your savings? $30,000. $30,000. Nice. Are you single? Kids? Yes.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
No man. Yeah. So is $25,000 a good emergency fund for you? Do you feel comfortable with that? It feels like a lot. Oh, yeah. Yeah. For sure. And I was just trying to...
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah. Well, I mean, if you had a great backdrop, Lauren, and you could charge $600 and you did one of those a week, I don't know how many parties are out there. That's $2,400. Yeah, that's $2,400 a month.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Because ideally, you could get to the place where this replaces the front desk job that you're making 30 for. Yeah. Exactly. Yeah. You've got connections.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Where's the do you have access to see where he's spending money?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Lauren, you've been very smart. You don't have any consumer debt. You have a lot of savings. You're taking your time. You're working to pay off the condo. I mean, your gut so far is correct, what you've been doing. So, yeah, I trust you.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah. I'm for it. People love a balloon arch these days, Lauren.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
You're in a great business.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Live from Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I am Rachel Cruz, hosting this hour with my good friend and best-selling author, George Camel. You can also hear us on our other show, Smart Money Happy Hour, so make sure to check that one out.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
And we are taking your calls at 888-825-5225, talking about your money, your life, relationships, career. Just give us a call. And we are here to answer your questions. First up, we have Ray in New Jersey. Hi, Ray. Welcome to the show. Hi. Thank you for having me.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
I mean, he hates to spend money, so. Okay.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
What got him into day trading? Like an app or something?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Well, there's some, there's some serious dysfunction in this Sally. And is he, is he controlling in other areas as well?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
And just trying to... And how old is he when you say teenage? Is it like 13 or 18? He's 17, turning 18.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah. I mean, there's only so much I think Ray at this point, you know, you can tell him all that you can. Right. And then he's either going to choose to listen or not, because the truth is, too, he's about to be 18. So he's going to be off on his own. So for the fact of you trying to like.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah, and I think that's not going to give him the tools in life that he's going to need here in a few months when he goes off on his own. So, yeah, I think it's showing him the facts.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
And then running even like if you go to RamseySolutions.com and our investment calculator and just say, hey, instead of day trading this money, what if you just put it in a mutual funds at a pretty much a guarantee rate of return of 10, 11 percent? And over, you know, the course of years, you got to just like kind of let it go.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
But what it'll grow to, you know, so there's ways to build wealth that are pretty guaranteed.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah, I was going to say this kind of this is exactly what I think they prey on people that love quick results, high risk. And some people are just wired that way. I mean, they really are. And so it does take a level of maturity and discipline to say, you know, if I'm going to build wealth. The right way that's going to sustain me long term. It's not these risky type of investments.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Not physically, but verbally?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
And so, yeah, I think he may just kind of have to learn that, right? I hate to say it.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
And, you know, and with him, I know I'm not a mom of teenagers. My oldest is 10. So you are way on the further train of this ray than I am as a parent. But it is funny. Even my kids, you know, you see parts of them and their personality, which if directed the right way is wonderful. So like his tenacity and his the thought that he even wants to like make money doing something.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
We took a call of someone who's 31 years old and still in school trying to get their bachelor's degree 10 years later. And you're like, oh, my God, will you please get a job? Like, yeah.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah, if it's directed in the right way. The negative way, which I probably would tell him, is you need to have a lot of caution around this because this is the same type of mentality that gets into gambling. You know what I mean? It can get into a lot because you can get in over your head really, really fast thinking – Oh, just another $100, and I promise I can remake it, right?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yes, yes. So that's the negative side of all of this, that I would, as a parent, probably just say, this is what I see, and this can be directed in a really healthy, amazing way. we just need to direct it the right way.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
what i mean honestly right even even a high yield savings something that maybe he can get to you know roth isn't a bad idea by any means but you can't touch that till you're 59 and a half but maybe something that he can like see a little bit of growth i don't know yeah that he can kind of play with i think is is great but again it's it's a low risk it's not great reward because usually low risk is longer periods of time of patience so you're not going to get this quick hit of stuff but um
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Right. Right. That's the scariest part.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
And we'll be answering your questions about your life, your money, relationships, career, anything and everything. Give us a call. First in Miami, we have Sally on the line. Hi, Sally. Welcome to the show.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
That George Camel. That's a Tuesday for me. He doesn't know what he's talking about.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Oh, sure. Yes. Yeah, yeah, yeah.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
That's right. Sorry. I know. And I think that's it, too. I mean, I even remember me as a kid. Mom and dad, that is one place that they did well. They let us make mistakes with money. I mean, and by that meaning like spending on stupid stuff.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
No, gosh, no, no. And they were never like helicopter controlling, controlling parents with that. I mean, they really did. And then I mean, I was the one that always spent everything. It'd be like the 18th of the month. And I was like, hi, I need some more money for the rest of the month. And they were like, well, that's what your job is for. Go make some money, Rachel. But you just kind of learn.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
It's like a trial and error, especially in your teenage years. And I think that's a gift to give our kids. I do think one of the mistakes with parenting recently is... They are such either helicopter parents controlling every move or the snowplow parenting.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Smooth it out so that there's no bumps in the road. You have no hardship. You don't feel any pain. Life is easy and beautiful. And that's what I want as a parent for you. And that is damaging, too. So it is a hard balance. But, Ray, he sounds like he has some good tenacity. So we'll just channel it. Channel it in the right way. And he'll be great.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Hey guys, Rachel Cruz here. All right, I'm about to say what everyone already knows, but budgeting is a good thing to do. Now actually starting, well, that's where people freeze up. And you guys, it doesn't have to be that way. With the EveryDollar budgeting app, getting started is super easy and so is sticking to it.
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Focused People Build Wealth—Distracted People Stay Broke
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Focused People Build Wealth—Distracted People Stay Broke
You'll know what's coming in, what's going out, and what's left over for some fun. Because let's be real, you need some fun in your budget. EveryDollar keeps budgeting simple and stress-free, just the way you want it. So go download the app for free and get started today. Again, go download EveryDollar today.
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The growth of The Ramsey Show has been incredible over the last really two years on podcasts and YouTube. And of course, those of you listening live on the radio. And so we appreciate that so much because so much of that growth comes from you guys sharing the show with friends, with family.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
So keep that up for us because we want to continue to grow this show so that people learn how to handle their money. You know, money is one of the most stressful parts of people's lives. So if you can... have a solution and some instruction and guidance around this.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
That's why we do this show is for people to learn and understand how much their behavior change causes them to win, but also the head knowledge of what to actually do. And so we want that hope for so many people out there and even more that are that are just listening today. So make sure to share if there's a great clip or an episode that you love. Make sure to share it with a friend.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Also leave a review, hit subscribe too, because that helps us as well. So we really appreciate your support, you guys. We are here for y'all. So thanks so much for listening and watching. All right, let's go to Quan in Tallahassee, Florida. Hey, welcome to the show. Hello.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah. Yeah, Sally, no. So right now, from what you've given us in this call, I would have my own account and have your own money in. And then that's a very reasonable step for you. And then beyond that, Sally, what we see constantly is that money is a window into the relationship, right? That this really isn't a money issue. This is that you have...
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah. Have you guys gone through the divorce process already? No.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Right. Right. There's been a lot of stress and quite a long time. Yeah. Well, I do wonder once this goes to court, the divorce, I mean, they're going to have to split your assets. And so the house. Yeah. I mean, there's going to it's going to have to come down to either. him paying you the remaining amount.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah, he'll buy you out, but I don't think he has the money to do that. Which will then force the sale. It's going to force the sale of the home. Yeah, so I do wonder. Nor is he tax compliant, so that's another curveball.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Okay, well, the four walls, if we look at just the basics for you, is food, shelter, utilities, transportation. So we need these four just to get you some stability. So the home, yeah, I would probably move back into the condo that you own. So, you know, I mean, that's great if you want to do that. What's the payment on that?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
You have a jerk of a husband who treats you, which sounds horrible, unlike a team, right, that a healthy marriage would represent, that we are in this together, and I trust you, you trust me, and we're going to win, and we're going to be excited about this. It is a downplaying and manipulating and, yeah, John Wright abusive. You know what I mean? Of how he's controlling money and all of that.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
And you're paying what right now?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah, so both these properties, Colin, would need to sell. That's going to simplify your life.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
And split in half, right? He'll take half of that.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah, and Quinn, if you hold on the line, Emily's going to pick up, and we'll get you a financial coach for free on us just to walk through hopefully the early parts of this divorce settlement to be able to get you in the place that you need to get. So Emily or Kelly are going to pick up, and we'll help get you connected to a financial coach. I'm so sorry you're going through this, Quinn.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
You guys, one of the best gifts that you can leave your family after you're gone isn't stuff. It's peace. When something happens, your loved ones don't want to be digging through drawers or guessing passwords to access your important information. That is why I love Knockbox. That's N-O-K as in next of kin box.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Knockbox is a super practical physical system that helps you organize all your important documents like accounts, passwords, assets, medical records, even your will in one safe place. And your knockbox is divided into user-friendly categories to help you get organized so you can give your family clarity, not clutter, when they need it most. Go to knockbox.com slash Ramsey and check it out.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
One of the ups and downs of the financial world, George, in the past recent years has been the housing market.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
I shouldn't say ups and downs. It's kind of just been up, I guess.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Let's see some movement here. It's so hard. I know. So an article from USA Today came out and it says, is it finally a buyer's market? What to know about home prices outlook? Yeah.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Like, this is not... You're not in a healthy place, right, with your marriage at all. And so that's what I would start to target, Sally. The money is going to be there for you as a tool if you need it, if you need to get out of this marriage. But what I would be pushing him towards is we need to go to marriage counseling ASAP because I can't function like this anymore.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
That's right. Well, Realtor.com, their data shows that in April, there were 959,251 listings that were active. And that is 30% higher than April of last year. So 30% more houses sitting on the market, which again, for buyers out there, that means you actually can negotiate. Because for a while, I know at least in our area, George, people were bidding for To buy a house.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Like they were one of 20 people sitting there being like, we all want this house. Who's going to take the highest offer? And now there is.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah, that's right. Anyone want to make an offer?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah, they're only rising, again, 1.3%, where in past years it's been 4.3%. Yeah.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
There you go. Well, if you are looking to buy or sell a home, make sure to check out one of our Ramsey Trusted Pros website.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
because they can help you when it comes to buying and selling because all that's a really big deal and there's a lot of clickbait headlines out there and confusing data and so what again we're seeing though it's interesting the median home prices went up slightly last month to $430,000 that's the median price of a home right in the middle smallest to largest in the list In America, that's right.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
So if you want to know more about the housing market trends and to even get connected with an agent and some other free tools around real estate, go to ramseysolutions.com slash markets. And we have tons of information there for you. Because again, buying and selling a home, it's one of the largest purchases or...
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
cells that you make in your life and so making sure that you do that well with a lot of knowledge so speaking of homes we're gonna go to nick in champaign illinois hi nick welcome to the show thank you so much for taking my call yes absolutely how can we help
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
As a human being in this marriage. You know what I mean? Like, it's horrible, Sally. You're in a really bad situation. And I want you to feel the weight of that, that you're not crazy.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Well, let's see what the – George, you have the – I got the calculator pulled up.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Plus your $60,000. That's $435,000 down. And let's say the home is $935,000.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
And how much do you bring home a month?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah, but you're right there.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah, I think you could. And especially if your income does go up over time in the next, you know, year, two years, three years, just a natural raise, then for sure, it's gonna, it'll give you even more cushion. But yeah, I mean, if you're you're looking, you're trying to hit around a $4,000 mortgage would be ideal for your situation. What would the mortgage be? Did you say?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah. I think you're good, Nick. Yeah. Around a $900,000 house is fine.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
And I'm really confident in these numbers, Nick, because we say it a lot around here, but it's just true. Like our formula to buy a home is on the very conservative end on how most people, most people would be comfortable with 35% of their, you know, 35, 40, yeah, 35, 40% of their take home pay going to their mortgage on a 30 year. So this is a 15 year at 25%.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
So it's pretty conservative and you're fitting right in those numbers. So yeah, so you guys will be good and hope you come to Williamson County, Nick.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
George and I will say hey to you.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Come hang out at the Ramsey Solutions.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Oh, that's right. It's perfect. Actually, we have some shortage of those. Ken Coleman doesn't have one either, George, so we need one. We're both on the hunt. If you're wondering if you're staying on track with The Baby Steps as we talk about this whole plan here on the show with callers, you can take a quick quiz just to check your progress and receive a personalized plan that's just for you.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Just go and click the show notes and click the link titled, Are You On Track With The Baby Steps? You can do a quick quiz just to see where you are. All right, let's go to Lane in Palm Beach, Florida. Hi, Lane. Welcome to the show. Well, thank you for having me. How are you all doing? We are doing great. How can we help?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah, those girls. We can be expensive, you know?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah. What's a 24 year old doing, Lane? Is she working or what is she doing?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
And if he's not, Sally, this is a marriage that doesn't survive. I wouldn't want my sister to be in this kind of marriage long term. If he's not willing to do any work and to change what he's doing, this is not a good setup for your life, Sally.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
You raise great girls. Yeah, going especially to the older ones, not as much maybe the 15-year-old, but the 24-year-old or so, and just be like, I don't know, have a conversation with her and just say, I'm so sorry. Like I have realized now that I have not taught you guys anything when it comes to money and personal finance.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
And I want to be able to help you because knowledge is what's going to take you the furthest in life. And I want to be able to do that. Do you have any ideas or any questions for me on how we can do that? You know, and kind of start that conversation with her. And then even Lane, if you want to give her, we can give you some stuff at the end of this call.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Some books, if you think she would read or listen to like an audio book or Financial Peace University or Every Dollar, our budgeting app. Some tools to kind of start integrating in their lives and maybe as a gift from you to them, especially the older ones, giving them some of that. Because sometimes, Tulane,
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
You know, we find with adult kids that having a third party speak into their life with money is easier. So like maybe if she listens to The Ramsey Show or Smart Money Happy Hour.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Right. So you're not living it out either, right, is what you're saying.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah, you are. It's exactly right. Yeah. And so normally when we talk about money, we want to combine everything when we're married. But when there is, and we say this all the time, if there's any level of abuse, mistrust, addiction, anything that feels like you need safety, You need to create that for yourself. And Sally, this is it. And I would, again, this is to protect you.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah. Well, I mean, a job as a parent is to take care of them at the extent that you took care of them was a very nice extent. So you want them to be grateful to be like, oh, my gosh, I got you.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
It's like an iPhone. It's been three years. Yeah. And I think for the older ones, Lane, there's, you know, a lot of having... to learn just in the in the real world, right? If they're not choosing to make right decisions right now, you can't force that you can't control that, especially with the older ones that are out of the house.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
And so, again, I think a conversation is totally doable of just saying, here's what you're saying, you're trying to create better habits in your own life. But it's hard. And you know, telling them, yeah, I get it. It is hard, because, You know, Lane, you're even struggling with it, right? We all do to an extent. Like, you know, this money stuff, it's not always easy.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
But I do think for them, they're going to have to start to learn from their mistakes. You asked that at the very beginning of the call. And now that I know kind of the situation more, yeah, there may be a case where they do learn. And that's hard. And you don't as a parent, you don't want to see your kids suffer or struggle. But sometimes it's one of the best gifts.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
And if they can do that at 24 versus 44 when you finally let go or something, right? Like that's good. That's a great thing.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
That's what I'm saying is I'm like, I think you have the conversation, but then I think the adults have to be adults too, right? I mean, there's a lot of people that listen to this show and their parents were horrible with money and never taught them about money, but – They've had to figure it out, too. Right.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
That's not the real issue. The real issue is that your marriage is not in a good spot. And you need to figure that out quickly for you and your son's sake.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Look at dad. Look at him. Yeah. And Lane, just know that budgeting, it takes about three months to get it right. So give yourself some grace. Get through the summer. Try budgeting through the summer. Don't give up if the first budget doesn't work. But hold on the line. Kelly will pick up and we'll get that gift to you.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Up next, we have Jake in Grand Rapids. Hi, Jake. Welcome to the show.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
We're doing great. How can we help?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Yeah, versus like a computer or technology doing it. It's a person. So manual versus not.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
So great. And you know what, Jake, I'll throw in, George, I want to give away one of your books to Jake, Breaking Free from Broke, because he has a whole chapter or multiple maybe even.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
On this specifically. But Jake, you're at a great age though to how to take these principles and actually apply it to your life because you're starting adulthood. I mean, like you're in it. And so this book is going to be probably the best guide to help you continue to live debt free. What does it look like? And just avoiding the noise and confusion and traps out there.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
All right. Up next. We have Derek in Salt Lake city. Hi, Derek. Welcome to the show.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Well, she's working on her bachelor's degree and she's 26. Has she been in since she's 18? Yeah.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
This isn't like a master's or anything.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Derek, does she feel like a winner to you?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
I don't know how long this relationship is going to last because, man.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yeah, it is. It's just over and over. It's a complete selflessness versus coming to work and interacting with other adults. Yes. You know what I mean? Like it is a complete giving of yourself.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
So much of our worth is... Financial. It's a number. It is poured into that. And it is this value of, here's what I bring in from a dollars and cents perspective. And even that, even you mentioning the 401k, Elizabeth, that is ingrained in you.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
And unwinding that, I think is going to be a really important part of this journey for you. Because for so often, again, I'm going to say women because I'll speak for myself, that are proactive. You're productive. You do things. There is a value. It can be like a drug. You get something out of it. There's a cause and effect, and I get to see it.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yeah, and it feels good. And then when all that stops and there's silence there, that's the monster you have to face.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
I know. So, yeah. So give yourself some grace, Elizabeth, for sure. But, yeah, it's one of the hardest – limbos for a mom, and I feel that every day between the kids and the job. I get it.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Welcome back to The Ramsey Show. And as we've mentioned, every segment where we're going to, because they're fantastic, we have an incredible crowd here today at Ramsey Solutions. And as you can watch the show live from the lobby on the glass, right next to the lobby, right in front of us as well, is the debt-free stage. And people that stand on the stage do a debt-free scream.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
And today we have Tommy and Rebecca on the stage. Welcome, you guys.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
In Corona, California. That's pretty fun. Okay, you guys. So you're from California. Came in. Are you guys here for the weekend?
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Amazing. So great. Okay. So how much debt did you guys pay off?
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Oh my gosh. Okay. So what does that include?
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
You paid off the house? Yes, you did. Okay. How much of the $640,000 was the house or was that it?
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
So paid off the house completely. Oh my gosh. Okay. How long did that take?
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yeah, what would that look like? In an ideal world, how much would you be making?
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Okay, so how long have you guys been married?
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Three years. Okay. When did all this conversation about selling the house start? Right before marriage?
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
an hour okay but per month if you're at 4,400 right now what would you expect it to climb to like 6,000 yeah that's that's the hope okay and what's the reality of that actually happening uh i'd say there's probably i don't know 60 chance that i'd be able to make that happen and that's going to happen in the next month or two is that what you're saying
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Live from Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I am Rachel Cruz, hosting this hour with my good friend and bestselling author, Dr. John Deloney. And we are answering your questions. So give us a call at 888-825-5225.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Okay, so tell me what, because I love that it's been three years. This has been like a short journey for you guys, I mean, for the most part. And so when you went from, okay, is this a good idea? I don't know. It's not that big of a deal. No one pays off their house. Kind of that normal mindset, right? Which is very normal.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Tell me about like the emotions between just that, like, okay, I don't know, to actually having it paid off.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yes. Go get a nice pair of boots. That's what you guys need.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
No, that's great. That's great. I know. It's so interesting. Each family, because then those girls, as they grow up, their normal baseline is It's like, oh yeah. It's peace, yeah. You just have a paid for house. That's what you do. The normal you're setting is part of changing that family tree. It's not just the financial legacy, but it's this mindset of how you view and see money.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
yeah okay i would wait then because in that case i mean if you're making yeah i mean if you're making six grand a month then that's about a quarter of your take-home pay i mean that's basically that that is the parameters uh but you you got to get it yeah i mean that that has to be the case brian and i think you have to emotionally be able to detach yourself that if it doesn't happen the way you think it's going to happen that you that you can't afford it you can't afford this house on 4400 a month yeah and i mean brother it's pretty tight on six
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
So proud. So great. All right, you guys, we got Tommy and Rebecca from Southern California. They paid off $640,000, which is their house and three years making $350,000. All right, you guys, Let's hear a debt-free scream. Count it down.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
And that's how it's done. God, we don't get a lot of houses. We've gotten some recently.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
It's awesome. So beautiful. Three years. Incredible, incredible. Tommy and Rebecca, you guys are amazing. Absolutely amazing. This is The Ramsey Show.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Up next, we have Emily from Minneapolis on the show. Hey, Emily, welcome. Hi, thank you for having me. Absolutely.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yeah, there are so many things in this. And in a weird way too, Emily, I feel like sometimes you can call it God, you can call it life, whatever you want. There's just closed doors that happen. And it's like, there's closed doors continuing to happen. You didn't have the conversation with your grandma. The bank isn't allowing, you know, your dad to fully have it.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
And then also then the boyfriend, and then you're going to have to come into play. I mean, like, there are all of these things that are stopping you. And I think, is it your sentimental, you know, the sentimental idea of owning this house from your grandmother? Or is it just, I want to own a house? Like, give me some of the thought behind it for you.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
And Emily, too, I would give you a little bit of word of caution with your boyfriend and even just the mixes of finances. Because as you were saying, we were trying to pay off our debt and all of this. Keep everything separate. And if you're working to pay off debt, that's incredible. But be paying off your debts. How much debt do you have?
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yeah, I mean, if you guys are doing it, just do it now. Get engaged. Get married. Okay. Yeah, I would be completely debt-free and have a fully funded emergency fund of three to six months of expenses and then save at least a 5% for a down payment. Okay, 5% for a down payment. Okay.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
I'm thinking about it, yeah. I would sell it this weekend. Yeah, have you looked into, if you sold a private seller, what it would come to?
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yeah, for sure, Emily. No, and I'm so glad you called. So I would just go on Kelley Blue Book, type in the information. It'll ask you some questions and just get, don't do a dealer, do a private sale. You'll get more that way. And yeah, and that would be,
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yeah, Emily, stay on the line. Christian's going to pick up, and we're going to give you Financial Peace University. This is our nine-lesson course, and you can just binge those videos just to kind of get the basics. Make boyfriend watch it. Yeah, yeah. You guys sit down together and watch it. That was already the plan. Oh, good, good, good.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
And we'll give you every dollar premium so that you can start really working this feeling of what John's saying, kind of painting this picture of, yeah, what does this look like to actually have a plan for my money? Not only month to month, but in the next three, four, five, six years. And it's an amazing thing. I mean, it is so possible.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
And you're 24 years old, and you are going to be able to make so many changes, so many changes in this.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
I'm a huge fan. Yeah, no, we're so excited for you. And there's some relational hurdles there too in your life.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I'm Rachel Cruz, hosting this hour with my good friend and best-selling author, Dr. John Deloney. And we are taking your calls at 888-825-5225. So give us a call. Talk about your life, your money, anything and everything. Next up.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
It's a lot of Rachel just shaking her head on stage with John.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
you are the queen of accidental double entendres okay it's it's like your it's like your superpower it happens sometimes all right let's start us off this hour with ken coleman is the king always the king number one yes number one in the book for sure all right let's go to courtney in raleigh north carolina hey courtney welcome to the show hi how's it going i hope you guys are doing good
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yeah. Is the main motivation, Brian, to stay in because you feel like you're going to lose money or their kids involved and you're wanting to stay in for them or what, what's the main motivation?
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yeah, I would because it's not going to really fix your problem because how much do you have in credit card debt that you're wanting to use some of this other loan that you're going to take out, right, to pay off the credit card debt?
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
And how much is that? How much is the credit card debt?
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
$4,000, okay. And how much do you make a year? Around $70,000. Around $70,000, okay, great. Okay, honestly, Courtney, if I were you, I mean, I think John's right. I think you could probably break even on this car. If not, maybe make $1,000 or so. So I would Kelly Blue Book it and really look into private sales just to sell to an individual. And I think you're going to get more doing that.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Again, the dealerships always lowball you because they have to turn around and resell it. And so they have to make their margin on it. And so instead of all of that, you get the profit instead of them.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yes, that's it too, Courtney. They're trying to make a lot.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yeah. Courtney, do you have any money saved at all?
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yeah. And, you know, and I don't think you're in like a you're not in a desperate situation. So if I were you, Courtney, I would I would make it a goal, get an extra job, get a side hustle, and I would make it a goal to save.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
five to six thousand dollars i mean in the next like four months like make a big goal try to make a thousand fifteen two thousand a month extra and when you do that you'll have you'll have that margin go and buy a five thousand dollar honda civic sell this car for and maybe you'll break even on it right i mean the worst it's gonna be 23 if they're offering you 20 23 maybe you'll get another extra thousand dollars or two and i don't even mind if you have to go to a local credit union and take out a loan for 2500 bucks to get out of it
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yeah, for sure, for sure. And then, yeah, and then, Courtney, you'll be able to work and pay off the credit card. the $4,000 in three or four months. I mean, your whole life could look different, honestly, in the next eight to nine months. And I don't think, yeah, the debt consolidation loan, I mean, that's just moving around the interest. And you're not going to be in this long anyway.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
So for the long game, from the math perspective, it's not going to make that much of a difference. And majority of the time with debt consolidation, not as much in this example, but for a lot of people, they try to shuffle around their debt to fix a math problem. We're realizing that so much of this is a behavior problem, not a math problem.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
So you, Courtney, going and doing it and understanding like, oh yeah, I can totally pay this off. I think you'll do it faster in that way than trying to kind of shuffle the debt around.
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The Ramsey Show
Break the Cycle of Financial Self-Sabotage
And run some comps too, Brian. Because, yeah, that's right. I think there's probably a lot of emotion wrapped up in this.
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Today's question of the day is brought to you by WhyRefi. WhyRefi refinances defaulted private student loans and builds a custom loan based on your ability to pay. Now, you guys, private student loans are different than federal student loans like Sally Mae.
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I'm going to have probably a less harsher take than you, Will.
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Break the Cycle of Financial Self-Sabotage
Okay, you make $250,000 a year. You have $50,000 in debt. So, you know, cut everything for six months and... pay off the debt, like in my head. And then you're fine. And then you pay the softball stuff and you're fine. Do you know what I mean?
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
I know, I know. But it's the debt. Yes, yes.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yeah, that's so like, in my head, I'm like, the thousand dollar softball thing, yes. Is it slowing down your debt snowball? Sure. But I think there's way other problems out there for making $250,000 and not being able to pay off 50.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Right, right. Six to 10 months, it's over. Yeah, get an extra job or whatever. Like, do you know what I mean? Like you, yeah, to do it. I don't like the, oh my gosh, this is the thing. I'm like, I think there's other issues going on besides the softball thing.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
and i feel like we need to give a little shout out this weekend is our money and marriage getaway we have 600 valentine's weekend so we have 600 couples coming to nashville and there's a bunch of them here in our lobby today watching the show which is so fun uh so we are here though live taking your calls so give us a call talking about your life your money your relationships and first up we have brian in billings montana hey brian welcome to the show hey guys thanks for having me what's up absolutely how can we help
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
I was going to say a whole rounded childhood. That's right. And the problem with this is it's so segmented, so early in life too.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
And what I hear in this too, Renee, I mean, this was what, five, six sentences?
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
all around this it's guilt it's guilt it's a good that and i'm like there's a level of this like idolization and her i'm like renee chill like you don't mean 13 if she if renee was like yeah i mean it's fun it's fine but she's like no no i have it's this like pressurized momentum for the parents going on to the children yes and here's what here's the ultimate the ultimate problem
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yeah, and I think, too, underestimating the weight of feeling like I have to keep up a mortgage payment. It's your home. Like, do you know what I mean? Like, there's an extra weight there that you're carrying because of it. It's not like a car loan that you can sell and kind of figure out. When it's your home, there's like this desperation that sets in and not always making wise decisions.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yes. Well, and I even think, you know, the well-roundedness, I was even hearing some dads talk and they were like, you know, their goal is to go do something outdoors once a month with the kids, with the boys. Because they were like, if you look up, it's a sport, sport, sport, sport, sport. And I don't know why. I don't know if it's like this area or if it's all of America.
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Break the Cycle of Financial Self-Sabotage
I was going to say, and if we just, I would love to do like an investigative reporting on how much these leagues make.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
It is a money-making machine. It's a printing press. And every parent's like, take my money, take my money, take my money. I mean, seriously, it is wild.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
So how much of all of this from your perspective, how much of it is the kid that's like, no, I want it, I want it, I want it versus the parents that's saying, do this, do this, do this?
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
It's still pretty high. It was like 38, 39%. I'd sell it, dude. So, yeah.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Well, and it's funny, too. I'm like, as a parent with three little ones in this, I mean, literally, they're like, oh, well, if they don't do this and they're not on travel by fourth or fifth grade, then they're not going to make the middle school team. Then they're not going to make the high school team. Then they're going to do drugs and they're going to die. That's it. That's the story.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
That's what it feels like happens and you're like, oh, my gosh.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
There's a time in your life and in the baby steps for renting, but you don't want to do it forever because when you rent, you're still paying for a mortgage, just somebody else's. Plus, rent means instability in your budget because it always goes up, never down. So when you're ready to buy, make sure you work with a mortgage partner you can rely on. Churchill Mortgage.
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Now it's extra money in your pocket and an asset towards turning you into a baby steps millionaire. So get started on the American dream of home ownership today at churchillmortgage.com. That's churchillmortgage.com.
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Break the Cycle of Financial Self-Sabotage
Welcome back. Again, we have a big weekend here for our Money and Marriage event. And tickets just came on sale for our November event. We just opened up these dates to the public. So November 6th through 8th, you can come out to Nashville with your spouse and come hang out with us.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
We have so much fun this weekend, you guys. And it's always great conversations, great hanging out time. We really pack in an incredible weekend. So you can get your tickets for the fall event, November 6th through 8th at ramseysolutions.com slash events. Up next, we have Susie in Phoenix, Arizona. Hi, Susie. Welcome to the show. Hi. Hello, hello. Glad to be with you. Yes. Thanks for calling in.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Susie, what does he say his reasoning is for doing this without telling you? When you find out and you say, oh my gosh, you moved the money, what does he say?
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
So there's been other betrayals, Susie, in your marriage. Yeah. Okay. Yeah. Uh, on his end or your end?
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yes, yes. Well, usually when there's, yes, when there's shuffling around like this, and then suddenly there was transparency. Now there's not transparency. There's a red flag. Something else is going on.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yeah, yeah. So sorry, Susie. Yeah, and I would say even from a relational standpoint, I don't feel like you guys have probably fully healed from that, obviously, because even the way he's speaking to you or what you told us, he's shifting the blame.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yeah, I mean, seriously, like it is pretty wild. So, yeah, I would be – yeah, I mean – It is so difficult because if it's not under your name, he could have a secret account that you never know about either. So there is a level of his transparency that he has to come forward as well. But you can pull things in your name.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
If you know the banks you guys are banking at together, whatever name account or whatever account is in your name, you will have access to. You will be able to see it. And then asking him to do the same, because I'll be curious, as you do your digging on the side and he brings information, if his doesn't line up with what you even found. Right. Then there's another distrust there.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
But this is, Susie, usually with these types of situations, we always say around here, and it is true. At this point, it's not a money thing. It's a marriage issue.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Because of the marriage issues, it's coming out as this money issue. And so, yeah, I mean, you guys have, you have a road of healing. I mean, you really do. And if you guys want to.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yeah, and that's really, really difficult and always scary. I'm like, it is the betrayal that's always so difficult. So difficult. So yeah, I'm sorry, Susie. Thanks for the call. I hope that helps. And I hope it does give you some empowerment. to go and to look.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
And I think for some, you know, I'll say women who do allow the husbands just to basically do majority of everything when it comes to the money, this is one of the issues that we find because you do feel overwhelmed of like, oh my gosh, I don't even know where to start. Like, I don't even know what to look for or what to ask because you were saying that, Susie.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
I don't even know what to ask from a financial situation. So again, just to repeat and help you in this, I mean, it is asking checking accounts. It's asking savings accounts, high yield accounts, money market accounts, investments, Retirement accounts.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Any debts that are there, yes. And what John said too, pulling your credit report and seeing if any debts have been taken out. But those are kind of the categories to walk through to ask him and then for you to go in this investigative process.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
One of the best things that you can do for your money is to get a great tax pro in your corner. Tax season is approaching, and they're going to help advise you to make the best moves for your situation, especially if you've had a big life change or a complicated situation, if you own a small business.
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Break the Cycle of Financial Self-Sabotage
So go to RamseySolutions.com slash tax pro to find CPAs and enrolled agents that have been vetted by the Ramsey team. All right, up next, we have Ashton in Madison, Wisconsin. Hi, Ashton. Welcome to the show.
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Break the Cycle of Financial Self-Sabotage
Absolutely. Thanks for calling in. How can we help?
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Have you brought this up to him, feeling like it's unfair? How has he responded?
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Did you guys put in investment up front, equal investment, and that's how you got to the 50-50 partnership? Or did you guys, you guys were just two friends, like, yeah, we'll just open up this together and see what happens.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Okay, so terms and everything with the house, all of that is completed.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Okay, so Ashton, what would it look like? Have you guys, I don't know how it's set up, how you guys formalize the business, but do you buy him out? Do you dissolve the business? Start your own thing? Like, what are you thinking? Because he's obviously, like long-term, it's not going to work. It's not working.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
I mean, because just think about it, Ashton. As the business continues to grow, the problems you're having are going to magnify. So if you are having issues now with you carrying the weight and he doesn't care about that at all. that's going to magnify, right?
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
So either put in some stipulations for him to continue moving forward on what you want him to do, right? I mean, I think that's fair of like, okay, we need to work X amount of hours or profit wise. I take a percentage of the profits from the percentage of work that I do. Like,
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yeah, I mean, whatever it looks like, but structure it where it's fair. And then from there, if he can get on board, that's fine. But let me just, I will tell you, we work with small businesses all the time through Entree Leadership. And it's not always the case, but I'm saying 98% of the time, we always say the ship that never sets sail is a partnership.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Like it's the one ship you just don't want to be on as a partnership. Again, small percentage of ones, they work. Ashton, you're going to run into this and versus if you just do it on your own and maybe he's a manager under you or something, you know, works for you. But but long term, I would not continue down this road because there's been no proof of change at all from him, him initiating it.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
And I feel like you're bitter too, Ashton.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yeah, keeping it, Brian, was probably an emotional knee-jerk reaction for you. But now that stuff is settling and it's not finalized, I mean, it's an option for sure. Because yeah, calling the show, running the numbers, you can't afford it unless... Unless your income bumps up to eight to nine grand a month. But besides that, it's not worth it. So I would figure out a way out.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
I mean, and again, if there was some deal Ashton that said, yeah, I'm going to go to school for three years. Can you run this thing? Take the profits for what you make? And I'm going to get back in after I graduate or something. Right. I mean, like there's there's common sense ways to approach it. But this doesn't feel like common sense at all the way he's gone about it.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
and in reality in reality yep yeah thanks for the call ashton uh thanks to all the guys in the booth thank you to our wonderful audience today at the money and marriage weekend getaway thank you john for being a great co-host this is the ramsey show
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Welcome back to the Ramsey show. And we are so excited. We said here in the first segment that we have a lobby full of attendees for our money and marriage getaway this weekend. And we're so excited to announce the fall weekend events of money and marriage. Running it back. Coming back in 2025. So these are three incredible days to hang out with your spouse here in Nashville.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
And you'll join myself and John for a long weekend. And we're going to dive into some great content around money and around marriage, relationships, all of it. And we do live Q&As. We interact a lot. I just feel like there's like this energy about this event that is so fun. It is such a fun weekend. And we're pumped to do it this weekend and pumped that it is coming again this fall.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
So if you go to RamseySolutions.com slash events, we are so excited. Oh, it's November 6th through 8th. I was trying to find the dates. So November 6th through 8th. 6th through 8th, it is here in Nashville. Early bird pricing is happening right now. Tickets start at $749. So get yours before prices go up because they will continue to go up.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
And we even have some limited VIP tickets with a meet and greets and some other fun stuff. So those are available as well.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
yeah it's so so fun so again uh excited to announce some new dates november 6th through the 8th of 2025 and they dropped us right smack in the middle of deer season oh for a whole weekend which is super not consult john's hunting schedule how dedicated i am to this thing wow what is what a selfless servant you are like a public servant just being here with all of us in november thank you john
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
That's all we want. That's all we want. Oh, man. So, so fun. All right. Let's go to Elizabeth in Philadelphia. Hi, Elizabeth. Welcome to the show. Hi. How are you both? We are doing great. How can we help? Mm-hmm.
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Break the Cycle of Financial Self-Sabotage
Okay, so that's what I was going to ask. What's the discontentment over? Is it that you're bored at home? Is it that you miss your career, that you feel guilt, that you're not bringing in money? Where is this coming from? I think it's a mix.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
No, absolutely. You know, I think it's, I think it's hard when you go from one speed to, to the other, it does feel like whiplash. And this need to feel like what felt normal is no longer normal and it's not comfortable because of that. And so I do wonder, Elizabeth, because you're a high producer, I can hear it in your personality, you like productivity, you like to do things.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
And so I'm wondering for you, number one, is there a level of a hybrid? I mean, I think it's okay to always,
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
decide okay this isn't what i was thinking it was going to be and make a different decision right no one's no one's holding you captive to stay home full time unless you and your husband agree like that's a value of ours and you want to keep that value longer but i'm like in my head you can always you can always kind of shuffle around and say okay i've been trying this it's not working maybe i go part-time it doesn't have to be an all or nothing stay home completely or
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
or work you know 80 hours a week or something um that hybrid or even the routine around the home how can you make it mirror your productivity so you at least feel like yeah i'm still staying at home that's what i wanted to do but it's still matching your personality does that make sense
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
And I wonder if that's an issue, though. Is that an issue, though? That's where John will come in.
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
Yeah, I mean, Kim, I don't think you really have to re-up this or roll it over. I mean, I wouldn't. The reason really you have life insurance is if someone is dependent upon your income. So that would be a spouse or children. And as a single person, I mean, I would have some money set aside that if something were to happen to you, like covers funeral costs and that kind of thing.
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
But I don't think you need a life insurance policy for that. So I probably would just end up canceling it once you get out.
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
And term life is so inexpensive. It sounds like some of those rates, you know, it's just not expensive at all. And so, yeah, if someone's dependent on your income, make sure you get life insurance. You can go to Zanderinsurance.com and check it out there because that's a great place to get your term life.
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
If you have like kids in their, you know, maybe late teens, 20s especially, maybe even some 30s. But yeah, it's a great one.
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
People have been asking for them.
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
That's combined, your income and hers, because you split up your debt. Is that both of your incomes coming in?
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
Okay, how much are you guys making on all of that extra?
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
Okay, a couple hundred? A thousand?
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
Is the $18,000, was that a car? You said her car?
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
Okay, how much... Have you guys, Kelly Blue Book, did it all?
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
Okay. Okay. Because, yeah, I mean, all of this is a little bit disarray. I mean, you're kind of have you guys have dabbled into like every part from a from a debt standpoint. And I want to give you like a really clear path and plan in this call with you in the next few minutes, because I think it feels maybe a little jumbled. It is.
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
So here's what I would do out if I were to wake up in your shoes tomorrow. This is always a fun game. It is. And much easier said, Al, on the side of the desk as I'm talking to you than implementing it because this is going to be really hard. And here's the truth. If you want something different with your money, something has to change.
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
And you guys need to make a complete 180 and do things completely differently than how you've been doing it. I would put the house up for sale because I think this eating half your income is not going to work long term and it's going to continue to leave you guys in the red. Mm-hmm.
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
i would kelly blue book her car and i would get it sold asap private sale i wouldn't take it to a dealership private sale even if you if you're underwater a few thousand uh then take out a loan for the difference and get a three four thousand dollar car in the meantime and let that be the car um and then i would start working and i'd pay off this two hundred and thirty two dollars like this month i would you know i would work to pay that off yeah and then you guys would have the 8k left in credit card debt i think is what or no your car eight thousand in your car and
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
$20,000. And if your car is nicer, Al, give her your car and you drive the $3,000 car. I love that. And then those are your only two debt left, really, is your car and the $20,000 in credit card debt. And again, this is going to take... I've just laid out two to three years of you guys... really buckling down and saying, we're going to work tons of overtime. We're going to get this cleaned up.
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
But Al, you guys could be in a completely different situation, but you have to make completely different choices than what you guys have been making. And Jade mentioned the budget, and the budget's going to be a great thing because it's going to keep you accountable, and you're actually going to see... Holy crap, here's what we spent going out to eat.
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
Holy crap, this is what this is costing and this and this. And you actually start eliminating some of this stuff, find extra margin to throw out this debt. And you really could start making some headway. So if you'll stay on the line, Kelly's going to pick up and we're going to give you guys every dollar premium, which is our budgeting app.
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
And I want you and your wife to sit down together tonight and you guys start filling this out together. And then we're going to throw in Financial Peace University, which is our course and the Total Money Makeover book and the audiobook.
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
book yeah we'll we'll get you guys some stuff to really start seeing hey here is a step-by-step plan that we have to start taking in order to breathe yes and go to ramsey solutions.com slash real estate to find an agent to sell that house
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
Today's question comes from Lauren in New Mexico. I currently own three rental properties and have 30 year mortgages on two of them. You say to have 15 year mortgages because you pay it off faster. If I am putting my profits from my rental toward my principal on a 30 year mortgage and can pay it off in 15 years, is there a need to switch it to a 15 year mortgage?
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
What's the reasoning behind the 15-year mortgage? I make more profits with a lower monthly payment, which puts more money towards the principal. Well, Lauren, for starters, we would say not to even have rental property if you're not able to pay cash for it.
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
So technically speaking, I mean, if you could pay it off quickly, I would probably just sell one and throw some of the equity at the other and make that a goal to sell it. But having, yeah, three rentals that have mortgages on them, yeah, not the best idea, not really the Ramsey way to do it. But for your primary home,
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
We do say a 15, even though people, this is one of those that I feel like is a slippery slope because a lot of people still do the 30 and whatever it is. Yeah, of course. But the thing to remember is that your intentions don't always line up with reality. So if you have the intention of paying a 30 like a 15,
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
you know stuff happens and you're like oh yeah well we won't pay extra this month we'll make sure to catch up next month and then something else happens and you end up usually not paying it's truly like like a 30 you don't um now when you're paying off your house in the baby steps we do find that people are paying their houses off in like 9 to 11 years right which is amazing and
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
So I think that 15-year fixed rate mortgage that we talk about, it just locks you in to a plan to get you out of debt faster with the guarantee that you will get it paid off in 15 years.
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
That's what's always interesting with houses is that you're going to qualify for a lot more house and what they will give you than what you necessarily need or even what's good for you financially.
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
So we always talk about having at least 5% to put down for a down payment, your payment being no more than 25% of your take-home pay on a 15-year fixed rate, which I always say, we understand that is a very conservative...
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
formula uh when it comes to to the housing situation but just like our last caller you guys like you see people like get into housing situations and it and it takes half their income or maybe one spouse chooses to stay home but you can't because you've built your life around you know having a dual income and it just starts to limit your choices the deeper you go into debt the longer you're in debt it just limits limits your life choices on what you can and can't do because it's telling you basically what to do so
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
man, how much is it worth? Do you know?
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
I know, because I mean, if you can't, you can't make her do anything. And so you really are kind of at the mercy of... of her. I'm like, you can't go in and, you know, you know, take your name off the loan in secret.
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
So yeah, you're in it. Yeah. You're in a tough position, Greg. And it's kind of one of those, um, I'm sorry that you're gonna have to be one of the sad examples that we'll probably use this week to say when someone calls, I should, um, you know, my, my girlfriend wants me to co-sign. We're going to say, talk to Greg and Biloxi. Greg would tell you don't do this because this is what happens.
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To Change Your Results You Have To Change Your Behavior
Oh, man. Well, I mean, unless you can just convince her because you're a great salesman, but coming from an ex-fiancé, she's probably not going to want to listen to you.
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to her to your advice i mean you broke her heart sorry greg and now you're you're i mean yeah there's nothing you can do so i think it's one of those stupid texts um you know and i'm praying she doesn't default me too and she just pays this and and gets out of it but you but that she has been very consistent on the payment okay what is the payment uh oh gosh it's almost seven
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And I would tell her too, Greg, you don't want to emotionally be attached anymore, right? And this keeps you guys somewhat together in a weird state for the future. So I'm sorry.
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Yeah, I mean, I think there's a level of courtesy, right? That I'm like, okay, if it was like, you know, when's tonight going in? And if one of my siblings was single, a dual income, I mean, I think there's like a reality of like, oh, yeah, we probably make more from a dual income. Yes, yes. Single. So just as a nod of like, oh, yeah. But I would do it more, Sam, over dollar amounts specifically.
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Yeah. What are they telling you guys? Because a payroll issue, if it's not cleared up in 14 days or something, I mean, this is more than that. Do you feel like they're lying to you?
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And it's not happening. Yes, totally. Well, and my thing is to, you know, there's a period of understanding, okay, yeah, there's some grace and all this, but also people's livelihoods are dependent. And the fact that people have stayed for almost three months and not getting paid. Yes. It's pretty wild to me. I mean, it is.
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I mean, there's a point that you're like, you owe me this money and I have to feed my family. I'm like, what are people expected to do?
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And so, yeah, I mean, yeah. I'm not going to keep working for free.
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No, no, you don't have to be mean about it. But there is a reality that we haven't been paid. Again, this is three months, you guys. We're not talking about- Six paychecks.
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I mean, this isn't one month, right? And they're trying to work out whatever they are. If you haven't gotten it worked out at this point- then there's other issues happening, I think. I think that, yeah, it shows me that you just don't have the money.
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Because you would find a workaround. If this company really cared about its people, within three months, you can find a way to put money in their bank account.
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Yes, absolutely. That was coming out of an emergency that they couldn't control in a sense, right? So that's what makes it an emergency. It's unexpected and it's urgent. You have to have money to put food on the table. But then also there is a point, you know, Martin, that I would say that you guys are going to start to be at fault personally and individually if you stay in a situation like this.
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Like, hey, I have... a hundred dollars to chip in for mom and dad's gift. And that's what I have. I love that. Let's build a gift around that or I'll just get my own. Right. And just do your own thing. I really like that.
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To Change Your Results You Have To Change Your Behavior
I agree. So you can point fingers and talk about how terrible this is, but you guys also stayed in the situation for three months.
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No, I mean, seriously. And again, if we get her back on the line, we can ask her some more questions about just the history of it and everything. But I know, I mean... Yeah, it's just not either they're lying to you. Either they don't have the money or they're just completely inadequate in the sense that they don't even know how to pay their people. Yeah.
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And if that's the case, you may not even want to working for them in the first place.
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To Change Your Results You Have To Change Your Behavior
Fix this in six in three months.
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To Change Your Results You Have To Change Your Behavior
Yeah. Okay, there's a great question from TikTok. We don't take many TikTok questions, but I think we should start. All right, I love this. From CJ. Go ahead. Yeah, and he asks, how can you focus on one debt at a time when the payments are all due around the same time? I love that.
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Yeah, so CJ, when you're paying off your debt, it's not necessarily about when the bill is actually due for the minimum payment. It's about focusing on the smallest debt to get more of it paid off than the minimum payment, right? So you will have a schedule of when your debt's
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have to be paid throughout the month so they may be spread out or in this case they're all around the same time so you may be paying you know all of it on the 15th you know and it's your car loan it's your credit card you know all of it together on the 15th but what you're really focusing on we say focus on one debt at a time is you're going to focus on that smallest debt that's right
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Find margin in your budget by taking an extra job, cutting expenses, selling stuff, doing what you have to do to throw that extra money at that smallest debt. So the focus is not one debt at a time, meaning you're paying the minimum payments one debt at a time. You're staying current on everything, but you're focused on that smallest debt first.
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works so good and guys and we and and jade and i both are on all the socials so check us out on tiktok and instagram and facebook uh because i'm getting more people saying i follow you on tiktok good word dave dates the tiktak but here we are
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And I do think, Sam, I would challenge a little bit on the end for you that what we find on the show so often is that money problems are usually not money problems. There's probably...
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Yeah. And what I would put then Katie and his income, because with every dollar, there's multiple lines of like different incomes that come in. So for his, I would just, I always shoot for lower because I'm on commission too. So I usually shoot lower than what I think.
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and plan all that out. And then if he gets paid the third week and there's more in that paycheck, then I would plug that into every dollar. I mean, I change our stuff. Like when I get paid on the 15th, I go in and change the income to exactly what I'm getting paid so I know. And I would go in and do that.
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And so if there's more than you were expecting, then you're gonna get more in the green at the top, more dollars there. But then the goal there is to say, okay, there's some extra money. So now I know that I'm gonna be able to spend $200 more And where am I going to put that? Well, I'm going to go down and up maybe the the clothing category. I mean, I don't know. You could pick right that.
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OK, I'm going to up that two hundred dollars. But you kind of plan as you go. And that is the other thing, Katie, about the budget and for everyone listening that it is, you know. it is a moving target in a sense that you get to change it throughout the month. And we change ours, I'd say pretty consistently.
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I mean, we look and say, okay, yeah, we're like eating, you know, like this month, for instance, we're eating out more than we did last month. So I ended up lowering our grocery budget a little bit because we have so much going on at night. We have more babysitters that we're doing this month. So I upped that category and lowered others.
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So yeah, you can go through throughout the month and change it. And you guys may be doing that more as you know what he's getting paid per month. But what Jade was saying is so right, is make sure that the top priority is getting paid regardless of what he's making, that you guys can make sure that you're paying for those, especially those four walls, food, shelter, utilities, and transportation.
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deep you know level of maybe kind of hurt and loneliness and i don't know what it is for you but something there like i'm flying solo here someone like throw me a rope at least like like at least acknowledge this idea right and you do kind of feel pushed to the back burner and then money's put into the play in the relationship and then it just feels weird because there's dollar amounts but i don't know it gets so sticky it shouldn't and it doesn't feel like it could it kind of feels like a oh not a big problem but i think it's a bigger problem to you because of other deeper issues
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To Change Your Results You Have To Change Your Behavior
and really basic basing your budget on the lowest possible amount because then when it's higher it feels like better yes it's great like you got a little raise there so i like you did have like a big high month we call them the peaks and valleys you can keep some money in you know you could do this in your emergency fund you could do this in your checking account but keep some buffer on those really high months because if it is a low month you can kind of pull that money forward and say okay we're going to use this to make up the gap because it's a lower month so
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It does take some finagling, but it's possible. And it'll take about 90 days, Katie, to get it working. So keep at it. And by February, March, you'll really, really be in the groove of it.
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Oh, that's great. It's good for him. I mean, you could do a high-yield savings. I mean, you know, under your account. Do you guys have a high-yield savings for you, Michelle? Just you and your husband?
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To Change Your Results You Have To Change Your Behavior
Yep. Yeah, so I mean, we use Ally Bank for our high-yield savings. So we have two...
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funds like when i open up our profile um you know so we have one that's just like strictly our emergency fund we don't touch and then another that we have just for savings so if we do vacation or something we're able to pull out of that and we fund that usually once a month too um so i would just add um another line item for him and call it his and just put the money in but i wouldn't do anything i wouldn't do like an investment or anything um long term but a great high yield savings i think would be perfect for him
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No, we just were talking about this. We need to do better. I'll be honest, Jade. We're not very disciplined with the kids when that stuff happens. Because I would say for the most part, they don't get money. They're getting toys. And we started, once I just started talking about it, especially with our nine-year-old Amelia, There's a point that she wants books.
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The toy phase is actually kind of starting to fade out. Really? Okay. And then you just end up with all this crap anyways of stuff. So I'm like, I don't want to not do Christmas for them until the grandparents get money. But there is a point with birthdays and all that that she's getting to the age that I think we can start asking and say, hey, I think she'd rather have money.
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And maybe she'd take half of that and she can spend some of that. But then we need to start...
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formally saving because our savings has still been a little bit hodgepodge with the kids with their money yeah uh it's kind of like oh yeah they just kind of save it up and then we'll go to target and they'll buy something um but start but she i don't know with our nine-year-old i'm starting to think okay it's she's getting to the age that we could start upping the ante and actually doing things a little bit more formal okay what about you guys quick quick hot take rachel how do you feel when for christmas people say just donate to their 529 i know don't do that
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And not issues, I wouldn't say. I would say just emotions.
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Yes. Then I would go on a gesture withholdings. What? Two hundred a month. Yeah. So that, you know, OK, yeah, you had two hundred. more that was being taken out of your paycheck and sitting in Washington than needed to be. So then they're refunding you that.
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To Change Your Results You Have To Change Your Behavior
So instead of that all happening, put $200 back in your paycheck and you can use that to help pay off debt and save up an emergency fund and all of it. Love that. And I mean, the truth is we don't want to lend the government money. Yes. Well, in a tax refund, it is it's a sneaky way to feel like you got free money, too, because this check comes right in twelve hundred bucks or whatever.
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And you're like, well, that's nice. Thank you. No, no, no. You should have been having that all year. It's like it's this weird emotional whiplash that it is your money. So go and change it. But if you need to figure out. even how much to withhold. You can even look at last year's taxes. That's right. And say, okay, here's how much I paid in taxes divided by 12. That's a pretty simple way. Yep.
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To Change Your Results You Have To Change Your Behavior
You could do a mock tax return and a lot of online tax softwares allow you to do this. But as we talked about earlier, Jade, you're like, it's a pain in the butt.
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To Change Your Results You Have To Change Your Behavior
For those of you paying off debt, there's like three big buckets that you can instantly get some cash back in your paycheck to get this debt snowball going faster. This is one of them, adjusting your withholdings if you're getting a big tax return. One is pausing retirement. So if you're funding retirement and trying to get out of debt, pause that for a season.
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That'll be money back in your paycheck. And then also shopping insurances.
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To Change Your Results You Have To Change Your Behavior
um those are like three big buckets to find money that you need quickly in your paycheck that can make some really big uh big changes for you so um so this yeah the whole withholding thing is very real especially if you're getting a big tax refund make sure to check that absolutely all right rachel good stuff let's go to the phone lines we've got mark he's in albany new york you were just there what's up mark
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Yeah, and I don't know, Mark. I mean, you guys have set yourself up for peace, which is always what we're shooting for, right? When we talk about financial peace, to have some peace in your life. And you're not going to go, I mean, you really can't make a wrong decision here. Let's just be honest, right? I mean, like you guys are going to be fine however you do it.
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So you're looking at the most efficient routes of like, hey, let's put this money and invest this. It'll double in seven years. We're going to make more. Like, why would we not? And she doesn't have peace about that. She's like, I don't feel good about that. And so there would be a part of me that I think if I were in your shoes, I would probably just invest it.
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I'm probably more on your side, Mark, just from a I don't feel like it's risky. I think you guys will be totally fine. But again, we're fighting for peace here. And because this isn't a black and white issue, because this isn't something that's going to put you into turmoil or like. you know, you can't mess this up.
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To Change Your Results You Have To Change Your Behavior
So part of me would say, yield to your wife some just to create peace in the household. And if she wants to invest 50% and then you guys take 50% and put it in a high yield savings and say, okay, we'll just maybe live off of the 5% we're getting off that. Like, you know, and see it and it be liquid, then that's okay too. So I don't want to play like the, oh, everyone wins game here.
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To Change Your Results You Have To Change Your Behavior
Yeah, I would be on your side, Mark, personally. But also, again, fighting for peace in the household is so key. And if that gives her a little bit more peace, I don't know. I think you'd be fine if you did that. I agree. Thanks for the call.
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but i tradition kind of sets precedent almost yes we changed it up uh so the ramsey side we usually each individually like get mom and dad a gift right so like i'll get you know from winston and i'm like mom a gift and dad a gift and same with the siblings and then us adults kids will draw a name yes and this year um we got we threw mom and dad in the in the pot so we're they're one of the
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Oh, it does not do room and board. Is that what you said?
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To Change Your Results You Have To Change Your Behavior
Okay. Yeah, I would. How old are the kids?
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To Change Your Results You Have To Change Your Behavior
Okay, great. And how much debt do you guys have?
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To Change Your Results You Have To Change Your Behavior
Okay. How much do you guys make a year?
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To Change Your Results You Have To Change Your Behavior
Okay. So you guys getting out of debt, are you thinking what, two and a half years, three years?
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Yeah. And so the oldest at that point will be 15. And then you guys will save up your emergency funds, which may take, I don't know, another year or so. So that'll be about 16. So then you'll have about two years then at that point to help save for room and board. So I would wait until then. I would first prioritize the emergency funds paying off debt and then the fully funded emergency funds.
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And then look at room and board. And that's I mean, Adam, but what an incredible thing, because while that still will be some money to save, even if you guys only had half of that, you know, that's right. You know, then that 18 year old at the time could get a part time job, right, to fill in the gaps for what they needed or live somewhere else. So I would definitely not worry.
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To Change Your Results You Have To Change Your Behavior
And I would give you that same plan, even if their college was not paid for. And it would be just a totally different discussion on what they could choose and how they are going to have to go because it would look so different. So what a gift that, yeah, you guys will have it. I mean, they'll have their college paid for. That's huge. I love that.
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To Change Your Results You Have To Change Your Behavior
Yeah. And to Adam, I mean, I would, you know, maybe not at 13 right now, but as they start getting older and, you know, once you start entering high school, college, depending on where you are, you know, people start talking about it. Yeah.
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To Change Your Results You Have To Change Your Behavior
And so pull some numbers, you know, when it gets to that point to say, OK, here, because it's going to differ between college and different universities throughout Kansas is where you guys are. So I would pull different numbers from four different schools in the area to say, OK, this is how much room and board is here, here and here and here.
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Realistically, we probably will be able to cover these three schools. This one's probably out of our league unless you get a part time job. Right. You start actually having these conversations and looking at actual numbers with them as well.
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To Change Your Results You Have To Change Your Behavior
so yeah so like if you didn't pick mom or dad you're not buying them a gift and i'll be honest it's kind of it's tough no it's kind of nice to limit the the amount of gifts you have to buy i mean obviously if there's something that's so great and you like wanted to get it right we're not like hard and fast on it but it is kind of nice like you know what all the adults were playing equally this year and like we're all in but then that means in turn they're not they used to buy us gifts now they don't have to now they don't have to so now i'm like
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But don't you have to fix it up for someone to live there eventually? You're not going to have a house vacant.
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To Change Your Results You Have To Change Your Behavior
Why are you... Yeah, what's the family dynamic? Why can't you just sell it?
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So why don't you sell it and you take the equity of it and that's her inheritance. This is her gift, right?
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To Change Your Results You Have To Change Your Behavior
So I would do that, Matt. So this is where the entanglement of parents and gifts and early inheritances and all of it, this is where it starts to play out. Because what happens, Matt, is you guys as a family unit can't make a decision without her parents involved. And so like that's... That string needs to be cut.
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To Change Your Results You Have To Change Your Behavior
They either need to give you the house as the early inheritance and you guys then as a family, as adults, get to decide what you do with that or we're not playing the game anymore.
The Ramsey Show
To Change Your Results You Have To Change Your Behavior
Dadgummit, I'm like an actual adult now. Hey, welcome to the club. Winston's parents still buy us gifts. They do? Yeah, so we'll get some from them. I say welcome to the club. We're adults.
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What up, what up? It's Dr. John Deloney from the Dr. John Deloney Show with some amazing news. The latest episode of United States of Anxiety is available right now exclusively on the Ramsey Network app. This docuseries follows real people from my show as they embark on a 90-day journey to transform their lives, and I personally walk alongside them every step of the way.
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Okay, now, here's a sneak peek of what the new episode is all about. And don't forget to click the link in the show notes to download the app. What's up, Kelsey?
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What does crippling anxiety mean? Paint me a picture of that. All right, so you ready to jump in?
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So we're going to check in with Kelsey 30 days, 60 days, 90 days.
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She's experiencing things that really hurt a long time ago. Tell me about this boy.
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To Change Your Results You Have To Change Your Behavior
It just feels like it would be exhausting to be Kelsey.
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Whenever somebody's playing whack-a-mole with their anxiety, when it just keeps moving, that tells me the underlying system's not okay.
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To Change Your Results You Have To Change Your Behavior
One of two people that's supposed to never leave took off.
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Your burden, that's right. To the one person who should carry it, all of it. Did you ever tell that little girl that it wasn't her fault?
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You either have to choose to let this guy love you, or you gotta choose to let this guy go.
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A minute yeah that becomes more of a priority at that Point than paying off debt right we're all about paying off debt But your child is a Priority there right if there's a health Issue that you have to pause to make Sure that you can get yourself in a healthy place that Is you know yeah pregnancy like Anything that is
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um takes precedent right which is usually a relational situation or a health situation we for sure say pause um and get that in order i'm so sorry samantha um i'm always so impressed with women like you that that choose to to step out of a situation like that because that cycle can be so um so hard to break out of uh how long has this been going on just the from the custody standpoint fighting it with lawyers
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Do you have any savings right now that you're pulling from or are you just pretty much occurring the debt as the attorney fees come up?
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Right. Okay. So are you still in the middle of this then? I am. Yeah. Okay. And has y'all, has your lawyer given you any timeframe by any chance? Like, do you know, I mean, you're saying three to six months, you know, like, does he have any conclusion of like when this will end?
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Yeah, so Samantha, so I, yeah, if I were you, if I was in your position right now, I would stay current on everything. I would not get behind. So I would be paying your minimum payments on everything. And then on the side, finding that margin is, month to month to be able to put some money aside. So as these fees come up, you do have an account that you're going to be able to pull from.
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And then I would also start to evaluate as much as you can the consistency of how often the bills are coming, how often you guys are using the lawyer, if there is mediation and all of it. Because I think a goal would be, small goals would say, okay, there's some money set aside for attorney fees. And the truth is I may have to go into debt for that.
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But if I can at least maybe knock out that $2,000 car loan in the midst of this, right? Because it's not something that's going to be solved. It sounds like even maybe even in the next 12 months. So I don't want you sitting idle financially during that time. But I do want you to put some cushion between you and life.
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So putting some money away kind of for an emergency fund that you can pull some of that for attorney's fees as they come up. But then also giving yourself a goal financially that to start making some progress. Because honestly, too, Samantha, I think making progress in this area of your life, it actually might give you that boost of confidence.
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And there's something proactive that you're doing in your life that actually can start the wheels engaging in a positive way through the circumstance.
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It’s Time to Stop Surviving and Start Taking Control
Yeah, for sure. Because it is different, especially if you're used to earning your money and functioning out of that paycheck. It is like kind of this level of like being exposed, like, okay, here we all are together, like working on this together. So, but yeah, it's well worth it, Joshua.
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It’s Time to Stop Surviving and Start Taking Control
I wish I had gone back and told myself and I wish we had this mindset more that you don't have to change each other and to each other. I think there's this mindset, especially with money, that if you're a natural saver, that your spouse needs to love saving as much as you. Or if you love doing the budget and you check it all the time, they should be doing that too. Or vice versa. He should relax.
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It’s Time to Stop Surviving and Start Taking Control
He should have more fun. I don't know, like there's a level of don't push each other to change who you are. Like you were attracted to your spouse for a reason, right? And it's like, usually opposites attract. So there's something about them that you love. That's why you got married.
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It’s Time to Stop Surviving and Start Taking Control
And so it's not that the personality has to be consistent, but the value system on which you live your life and your marriage and your family and where you're wanting to go long-term, that needs to be consistent. But the way you go about that, and I think it takes a level of humility to even say, maybe I could learn something from my spouse.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Where I have a deficit, they may be better at and vice versa. So there's like, don't create an enemy between each other. Embrace the differences. They're there for a reason and celebrate those. And then also have the humility to think maybe I need a little bit of that that he has or that I could use more of that that she has. Can I tell you something? Yeah, what do you think?
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It’s Time to Stop Surviving and Start Taking Control
Okay. So how much debt do you have, Ryan? So I've got about $20,000 in debt. Okay. What's that in?
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It’s Time to Stop Surviving and Start Taking Control
Medical. Okay. And how much are you making a year?
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It’s Time to Stop Surviving and Start Taking Control
So after taxes, how much do you bring in a month?
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It’s Time to Stop Surviving and Start Taking Control
And are you on a tight budget, Ryan? Like, do you have things written down before the month begins and you stick to it and you're like very, very, very, very diligent with your expenses?
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It’s Time to Stop Surviving and Start Taking Control
How much money are you spending a month on that? Would you say?
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It’s Time to Stop Surviving and Start Taking Control
Yeah, for sure. Is there, um, do you see, uh, an end at all to that? Like, do you have any estimation on when that will be wrapped up?
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It’s Time to Stop Surviving and Start Taking Control
Oh, I gotcha. I've been battling. Okay. Okay. And how old is it? A son? Is that what you said?
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It’s Time to Stop Surviving and Start Taking Control
So this has been going on for two years. Yeah. Okay. But you're thinking there is a possibility of it, of, of all this to be wrapped up at the end of this calendar year is what you're thinking.
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It’s Time to Stop Surviving and Start Taking Control
Okay, okay. Well, that's good. I mean, in a sense, I mean, from the emotional toll that that takes, plus freeing up some of that income, because I think, Ryan, for you right now, because it's not a crazy amount of debt. I mean, you know, $20,000, we've had a lot worse, even on today's show. There's been some more bigger numbers.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
So it's so doable, but I think it's an income issue at this point, because I'm like, you know, after $5,300...
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
about you know 1200 of that going to attorney fees you know i know it's not every month necessarily like that but i mean that's a realistic idea of like oh yeah like there's a big chunk leaving it's almost like you have to replace that in order to gain any level of traction because a hundred dollars extra it's not really going to move the needle much especially with these with this credit card fifteen thousand dollars in credit card debt and your interest rate is what probably 20 22
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Okay, what were these for, Antonio? What were you racking up the step for?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
while we're in this fight that would be my goal Rachel if I were him yeah I mean if you just looked at this of like you know everything's on fire I'm just I am doing anything and everything it doesn't matter hour of the day and it's just kind of this like scorched earth feeling and what's crazy Ryan is if you even just threw you know two thousand dollars you're you're done with this in November you know what I mean December January but I'm like
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
It can happen so fast. The snowball effect can start going in that momentum so fast, but it's the income side that's going to do it. And so that's kind of the lever you have to pull. And you're exhausted. I'm like, you're fighting custody. You're working full time. But I would up this $70,000 a year with some extra stuff that you can do. Again, even an extra $1,000 a month bringing something in.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
$1,200, $1,300, anything extra, Ryan, that's going to be your saving grace in this. Because it does get down to a math problem.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
And the income, I don't see many expenses that you can cut from what you've told me. So I think it is. It is just earning that extra income and it's for a short period of time. That's right. But then it's all done and cut up the credit cards, Ryan, like today. Like get them out after we're done with this and be done with it.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Because the temptation is to go back to those and you're going to go deeper in the hole. So just cut those out of your life completely. Absolutely.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Yeah, for sure. Okay, so that's the credit cards. How much do you owe on your car?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Wow, Antonio. You financed a car for your girlfriend?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
What else, Antonio? What other debt do you have?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
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The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
How much does it cost David to rent what you're going to do? How much will that be out of pocket?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Like a couple of grand or like 10?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Okay, because there is a point of diminishing return that you end up renting so much that you could have just had it and owned it.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
So there's almost like a timeline, David, of...
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
I was going to say, you were just on.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Because even within the Republican Party, this issue is divided. Very divided. Even within it, people have different opinions.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
How are you making it, Antonio? Yeah.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
And they're about to hit the town. You should meet them on Broadway. I actually did.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
I know. We get anniversaries. We get honeymoons sometimes. Yeah, we do. That's always the craziest one. I'm like, I can't believe you're here on your honeymoon.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
All right, today's question comes from Aiden in New Mexico. My wife is a contract business consultant and is also self-employed as an artist. When it comes to paperwork, she's very disorganized. It has gotten to the point where I have taken my tax documents to a tax preparer twice because I didn't want the IRS auditing me.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
I beg her every year to get her stuff together and to file on time, but it never happens, which leads to arguments. How do I get her to understand the seriousness of this situation? Oh, that's tough. Well, it's taxes. I'm like, it's back to taxes.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Yeah. And I think self-awareness is huge because she's an artist and I'm not pointing fingers, but I do think there is a- When you are an artist, there is a little bit more of a free spirit within you, right? Numbers is usually not your strength and vice versa. People that are great with numbers are terrible usually at being creative. So it's a, again, it is how you were wired and gifted.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
And then I think it is a self-aware adult to say, hey, I have things and weaknesses in my life. And in my personality, I'm gonna be an adult and I have to obey the law, but also what systems can I put in place to help me in those weaknesses? Because I'm not naturally good at all of this, right? She's very disorganized is what he said. So that would be more of the conversation of, hey,
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
what can we do to help you? It's not a point the finger at you constantly. It is, hey, yeah, this is the law. So it has to be done. So what systems can we put in place together? And as the husband, I'm here to help you. And I mean, and he's like on his own. We're like, I'm just taking my tax documents and blah over here, which I get because he doesn't want to go to jail either. Right? So-
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Yeah, seriously. But I think it is, hey, how can I help us help you put some systems into place? I think that's right. But there is a point that she has to be an adult, right? Yes. You can carve a situation in a conversation a certain way to a point. But there's also a point, Kim, with all of this, especially the law. But then other things of like, my wife just continues to spend more.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
There's just a point that like... you're not able to change that person. And they have to be the adult. And it's sad when they're not. But we see that a lot around here.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
What's been the repairs? I mean, about 2,000 a year is what it ends up being. What has it been?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Well, I was going to say, I mean, you know, as you kind of look through this from a math perspective, it's less than like 200 bucks a month is what it ends up being, which just feels expensive. Like if the stuff isn't being fixed, like that's one issue. But I'm not a big fan of extended warranties because I'm like, it's the thing should work. And if not, I would rather it be in my court.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Unless there's some crazy recall right now, Sam, and they're like, you know,
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
giving you some discounts on the extended warranty or whatever it may be but um i we usually factor in cars we have a sinking fund that we've set up that if anything goes wrong with the cars we use that sinking fund so again for yours it's coming out to be around 200 a month so i would probably just set some money aside and then hopefully most of this gets fixed because i mean the fact that you keep going in and in for repairs is that's frustrating yeah
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
I didn't know they were making hybrids in 01. No, it's a 21.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Yeah, you kept saying 01, and I was like, man, they were ahead of their game with that hybrid in 2001.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Okay. So 2021, that makes way more sense. I was like this.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
All right, Dave, you have some strong opinions.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Yeah, the $35,000 truck. Do you have any equity?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
I think so. Because you really prefer credit unions over big banks. So why is that?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Yes. Well, and I think we have found one that is incredible, and that's Fairwinds. They are an incredible credit union that is really out with the heart to help the customer.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Yeah, absolutely. And you're right. Their customer service is unbelievable. Winston and I just signed up and we got an account. And I'm not kidding. It took less than five minutes. It was so user-friendly. The step-by-step approach was unbelievable. And then the next day, my phone rings and it says Fairwinds on my phone.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Okay, if you sold it today, what would you sell it for? What could you sell it for?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
So I answered it and talked to someone there and they said, yeah, they give calls to every new customer. And so again, they just really care about your experience. And I so, so appreciate that. So again, you guys, I know it can be a pain to switch banks or to open up new accounts, but Fairwinds, again, they make it so easy.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Plus anything that you can do at a traditional branch, you can do with them at fairwinds.org or on their app. And you'll have free access to over 33,000 ATMs.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Yeah, you guys, it's so easy to join Fairwinds no matter where you live. So go to fairwinds.org slash Ramsey to learn more. That's F-A-I-R-W-I-N-D-S dot org slash Ramsey.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Are you just guessing or did you Kelly Blue Book this?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
We appreciate that. Sometimes we'll give an anonymous name if it's a personal question. We love that. I love this. Bear from Bozeman. Ken and I will come back at the end of the segment and tell you what our anonymous name would be.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
And then girlfriend's car, are you the only one on the loan or do you guys, did you co-sign for her or what was the situation there?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Okay. And what could you sell her car for?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Okay, so you have a lot and then you have cash, extra cash, and you're saying, should we take this cash and build on the lot or go buy a home?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Okay. Is the cash that you guys have saved enough to buy a home that's reasonable for you guys?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Okay, well, tell me this. So that's about, I mean, not including the lot, you got $150,000, but I would want you to have an emergency fund out of that. So we're down to maybe $100,000. And if you sold the lot, could you buy a home for $175,000 in your area that you guys would be happy with?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Yep. Okay, so what I would probably do, honestly, Tyler, is rent. I'm not a big fan of motorhomes because it is something that goes down in value so quickly. So there's a part of me that would just sell that and then you guys go rent somewhere for a year or two, stock up some cash, kind of see where you're at.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
And I don't think I would, I wouldn't make big moves on selling the lot and all of this because you guys could get a few years down the road and want to build. depending on the situation, is the lot somewhere you would want to live?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Yeah, but you guys like the area and all of that then, where the lot is. Would you guys want to build on it eventually? Is that a dream you have?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
All right. Perfect. Okay. So the cars are the easy, oh yeah, the boat.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Okay good so they kind of keep you in that good yeah for sure for sure so okay yeah well I would either just stay put where you guys are for a year or sell the trailer and go rent somewhere for a year or two I don't think there's any big rush and I think to your point with everything that's kind of going nuts right now just kind of letting all that settle
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
And then look up and say, okay, either we're going to just, you know, buy a home and live in it for five, six years, you know, get our family established and then build our dream home on this lot years down the road. Or if you guys have the cash available and you want to do the home buying or the home build process, then you could do that. But I don't think I would sell this lot right now.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
He owes eight. What could you sell for?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
No, I wouldn't do that. I would be renting until I knew what my next probably five-year plan would be, housing-wise. Yeah.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
And I think too, renting, especially your first year of marriage and stuff, it's just easy having people kind of take care of what needs to be taken care of and you're not having to deal with home ownership and all of that. So that's probably what I would do, Tyler.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Yep. Absolutely. Thanks for the call.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
If you're single, if you integrate home for a little bit, that's okay. And then if you hate it?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Yes, because then you'll have $7,000. Anthony, here's going to be your issue, Anthony. Your ego is about to like really be hit hard. Like this is all, this is ego. Three cars, boat, RV, credit card debt, living like you're just the... fill in the blank and you're not.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Oh, I'm going Lillian. I went with the nature theme.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Well, it's my grandmother's name. Oh. And I went nature. Okay. I thought bear, animal.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Let's talk about this house, Debra. How much do you owe on it?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
And that's the one I'm currently living in. OK. How much is the is the house that your dad left you? How much is that worth? Oh, probably about $650,000. Okay. How much is the condo worth? Probably about $400,000. Okay. And where do you want to be long-term, the condo or the home?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
So there's a reality here, Anthony, that the humility pill that you're going to have to swallow to truly change this around is going to be really big. And that's the part about personal finance that's so difficult is like the math stuff. We can walk through that, but there is a character part of you, Anthony, that's going to deeply, deeply have to change.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Yeah, it's heartbreaking. I mean, it's a mess. The boundaries here are completely intertwined, and it's not working for you, Debra. And so you're not able to help people when you're drowning, and you're drowning. You're putting your utilities on credit cards. You can't afford this life anymore. Exactly. So they need to leave. I mean, there has to be a conversation of, I can't.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
support you, nor should I. They are grown adults. And you need to give them a runway, Debra, 30, 60 days. Because you can't afford it. You can't afford this situation. And so... So what I would do, would you want to be in the house?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
I mean, I would sell the condo, go move in the debt-free house, and then you have $275,000, pay off the credit cards, you have $200,000, and now you get to live your life.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Okay, so you're going to have to up your income. You are going to have to work longer. But you'll have that $200,000, and that's not going to be enough probably for retirement long term. So you are going to have to be working some more. But this will fix a lot of this mess right now. Yeah.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
And that's from other people. Yep, yep.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Like you caring about what people think has been very high in your life and And this is about to do the complete opposite. Like, you are going to be, I mean, you're not going to be the man anymore. I mean, like, do you know what I'm saying? But there's an ego level. And I'm saying that kindly because we all have a level of an ego. But, man, it's going to be tough.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
I'm trying. And the dad of the three kids has a job, correct?
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
So, Debra, you've said, I mean, so, okay, yeah, he can work whenever he wants, and this isn't, I'm being a little harsh on you, Debra, because you've allowed it, right? He's living the best life. Everything's paid for. He works when he can. He doesn't pay bills. He does nothing.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Well, that's a boundary, Debra, you have to set for yourself. You've asked. You can't control what he's doing. And so now you have to control what Debra can control. And you have to set yourself up. in the next, what Ken just said, the next eight years to allow you to win. Because at the end of the day, they're not helping you, right? It's not like you're falling back on them.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
i know it i know it and like i said i i depended on him to help me like you know with the repairs on the rental house so deborah so we're shooting ourselves in the foot so tonight deborah got it you need to sit them down and you need to let them know hey in the next 60 days i'm putting the condo up for sale i can't afford this anymore
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
And I'm going to have to make some hard calls because I have nothing in retirement. And I'm going to have to do what's best for me in this situation. And so that is selling the condo, moving to the home, doing some repairs in between. It's not going to probably be perfect when you move in. But at least you'll have a mortgage payment or a rent payment. So... Thank you.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Antonio, take your payment for the RV, the boat, her car, and the Mustang. All those payments, that's thousands of dollars. Now that you can sell the truck, start paying off these credit cards, smallest to largest. But man, it's going to be a, it's about to be a 180 in your life, Antonio. But it has to be in order for something to change. And I feel the stress on you.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
So man, you got to make some big changes. Hey, you guys, health insurance costs are only moving one way, and that way isn't down. And if higher costs aren't enough, the wait times to see your doctor are longer, and it's harder than ever to get anything approved through the bureaucracy. So if you feel like the system is working against you, try a biblically-based alternative to health insurance.
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It’s Time to Stop Surviving and Start Taking Control
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It’s Time to Stop Surviving and Start Taking Control
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The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Yeah, no, that's good. I think we do that now more so is just the like, hey, just don't look for a few days.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
And if you know a big anniversary is coming or a birthday, it's assumed that, yes, a gift is going to be bought. So back in the day, we would get Visa gift cards from like Target or something. So you're like, yeah, I'm buying, you know, we're spending, you know, whatever, $100, $200, whatever the price is.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
And you don't know where it's being spent, but you know, yes, a certain amount of money is being spent. And then, which I know not everyone has this, Joshua, but twice, two big purchases happened. I did concert tickets one time, and then he bought me a ring. But I had my mom buy the concert tickets, and I was like, I'll just pay you back so he doesn't see.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
And then, yes, the ring, which the friend was very generous of buying. How about that? And then Winston just Venmo'd him after.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
You know what I mean? There's just kind of ways, I feel like, around it.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Yeah, so it is a little bit of an emotional disconnect that once the money hits the account, then it doesn't matter whose check it was or who brought it in. It's like, here's how much money we have as a household to spend. And I know, like, we were so young when we got married. So that was kind of an easy, I don't know, we both like, it was a gradual, easy mindset.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
And I think it's harder when you get married later. and you're so used to functioning with your paycheck, I understand that's a harder kind of emotional break of like, oh yeah, okay, it doesn't really matter. But it's this deep oneness of just saying, yeah, regardless of who brings in the money, this is our household account, and out of this is how we spend our money.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
And that's gifts, that's bills, that's everything. But we just see it as one. And what that does, Joshua, too, is that... that emotional perspective trickles down to other areas of your marriage. And that's one reason we're so big on combining accounts. It's not just from the tactical side, even though it makes running a household so easy when you're functioning out of one account.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
And people that split bills and he pays the electric, she pays, I mean, like all of that. I'm like, oh my gosh, yeah, it takes all of that work out. But then it does something when you are like, okay, we truly are like, what's the saying? Put your money where your mouth is or was that it? I guess that's what you're saying.
The Ramsey Show
It’s Time to Stop Surviving and Start Taking Control
Whatever that saying is. But it's just like, yeah, like if we say we are one together, like let's actually live out like we are and even with our money.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Well done. Okay, up next we have, which is one of my favorite calls to take, is actually two people on the line. I'm assuming there are a couple.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
that hey i've i've earned this i've broken this generational poverty i'm never going back i'm the future i'm the model so let's model the way i think that's my encouragement for you today and i would say cal too uh jumping off what ken was saying and i think he is so spot on is that you know growing your portfolio again it's not that's not wrong but we want it to come from a right motivation
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And if the motivation is out of a lack of fear or scarcity or, oh gosh, if I don't do this, what's going to happen is you're going to get the complex. And then the finish line moves again. And then it's like, well, I probably shouldn't have gone over there. So maybe I should. You're going to keep going, going, going, going.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
There has to be a level of contentment in your soul, like a level of peace. Well, it's been about six years since I invested in anything.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Yeah, that's fair. Yeah, yeah. So then maybe your motivation is pure, but I would just do it then from a tactical sense in the right, wisest way, which we would say is not with debt.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
It is to continue to be autonomous when it comes to your money and not have other people telling you what you have to do because then you make totally different decisions with your life and money when other people are involved. You are in a state of autonomy, and that's where I would say, Kel, continue to grow.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And you're doing great. And go take a vacation.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Yeah, they're calling from St. Louis. Hey, you guys. Welcome to the show. Hi, good afternoon. Thank you for having us. Absolutely. And you're both here, right? Yes, ma'am.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Welcome back to The Ramsey Show. One of the ways for you to get a handle on your finances in 2025 is to get control of your money. And we have a live stream January 23rd free to you called Take Control of Your Money. It's hosted by Dave Ramsey and Jade Warshaw. And you're going to learn how to stop living paycheck to paycheck.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
That's so fun. Okay, so great. All right. How can we help?
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Free up some breathing room so finally you can pay off debt, have some margin and some peace when it comes to your money. And then George Camel and myself are going to join them. Yeah, later on in the live stream, we're going to take some live Q&As and kind of do like this show and take some questions and talk to some of the viewers there.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And what's crazy too is if you sign up and you attend this live stream, we are giving some cash away. Yes, there's a cash giveaway for five people to win $4,000 each.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
i mean that's unbelievable it's 20k one night what quick math you can do that you know i went to basic math classes unbelievable so sign up for the free live stream by going to ramsey solutions dot com slash live stream or click the link in the description if you're listening on podcast or watching on youtube and join us it's free it's gonna be a great night it really is these live streams are always very helpful at the beginning of the year to either just get the motivation back again and kind of get back on track
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The Road to Financial Freedom Is Paved With Grit
Or if you are new to all of this and you're thinking, I need to start a fresh start with my money, this is what you want to attend. So again, join us for Take Control of Your Money on January 23rd. Up next, we have Rose in Washington, D.C. Hi, Rose. Welcome to the show. Hi, how are you guys? We are doing great. How can we help?
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Live from Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I am Rachel Cruz hosting it today with my good friend, Ken Coleman. And listen, if you love The Ramsey Show, if you are an active listener, we need your help. We want to know.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Okay. Rose, let me tell you this. A little bit of a red flag that I have going up is that you're saying a lot of our, our, our. You're taking care of... and putting money towards a family member and a situation that you don't have any legal right to in a sense, meaning that you are putting your money in to a life and a relationship that there is no marriage, there is no legal binding.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And there's a part of me that worries me because even though I'm sure you guys are in love and you've been in a relationship for a while, We get calls on this show quite often that we get a call and it's like, yeah, my boyfriend and I just broke up and I still have debt and I don't really have a ton.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Wait, hold on real quick, Valerie. 2.5 in the investments and the million from the house, or is 2.5 altogether?
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And then it turns out that they were giving their money and your income to a situation that if something were to happen with the relationship, you don't get anything from on the back end. Does that make sense? There's a big risk there. And I'm not a huge fan of you feeling this burden either because... It's not your niece. It's his.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
So, Rose, I would be— Separate, separate, separate. Yeah, and again, this isn't to punish him. This is to be wise for Rose. And I would tell you this. I mean, honestly, Rose, we are one of the shows in America, one of the only shows that tell married couples to combine their finances. A lot of people say, just keep everything separate, regardless if you're married or not.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
We say, when you get married, you need to combine everything. Except for with the asterisk, if there is an ongoing addiction, if there's abuse, if there's something in the relationship, we do recommend separating, again, for protection of the other spouse until trust is rebuilt and all of it.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
So from a financial perspective, Rose, I would really, and again, it's not to punish him, but it is to say, hey, we are not married and we were going that direction. There was a relapse, which again, I think happens in the recovery world. We have a good friend that is in recovery too. It is wonderful, and there is a healing journey and a process that I totally believe in.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
But I would slow down, and I wouldn't be fretting about the niece's college that's not even your niece yet. I mean, all of it. Do you know what I'm saying? I agree. I would keep some things very, very separate until... You feel comfortable enough to marry this man. And at that point, then he is trustworthy then to together start working on this life financially together.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
But until then, there's no we in it. It's his niece. He got custody. Yeah. You know what I'm saying? And I know that probably goes against so much of how you guys have been living. And I know that feels really counter to it.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
But that's the advice I would give you because, again, we hear the other side of it too.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Yeah. If you guys are going to move out of the family situation that is toxic and not fun to be in. then your rent goes up. And as two adults, we have to split that rent. Well, if he looks up and says, wow, I don't have a lot for this rent, then I'm gonna have to figure out a way to pay for this rent. And you have to problem solving that, right?
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Instead of just leaning on you, Rose, for everything. And yeah, I would be very cautious of that. Which again, this is hard and messy in the point of the journey that you guys are relationally too. So I know we're adding on probably an extra layer of hard conversation, but you called. So good luck to you, Rose. Hope nothing but the best for you guys. This is The Ramsey Show. Thank you.
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The Road to Financial Freedom Is Paved With Grit
Welcome back to The Ramsey Show. Today's question of the day is brought to you by WhyRefi. WhyRefi finances defaulted private student loans and builds a custom loan based on your ability to pay. You'll have a payment that you can afford with a low fixed interest rate that you couldn't get anywhere else. Deb, you really stick to your budget and work the debt snowball.
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The Road to Financial Freedom Is Paved With Grit
In the economy, no. In your household?
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The Road to Financial Freedom Is Paved With Grit
Tell us about what you think. You heard me?
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
I want to know the layoff situation.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And he makes about $30,000 when he works.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Carissa, the issue here is not that there is a lack of opportunity out there for him to go do that so that you can have the desires met. Yes. The ball, in a sense, is in the relational court of your marriage, not the financial, because there is something that he, a mental block he has, whatever his thing is, and that's your issue.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And now to get a man to see that, a husband to see that, who is in a belief system, obviously, that is not that, that is counter it, is difficult.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Because she wants to. This is her desire.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
I love it. My heart's that, Ken. I mean it. Amen, hallelujah.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Well, let me tell you, it's harder work to do that than to do what I'm doing right here, chatting with adults.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And the ideal within a marriage family unit like this is that both people individually, that your desires, your needs, your wants, your passions in life, all of it. How are we able to live in a world where both of you have that? And you can support each other within it, right? So that's holistically, I think, what makes part of a really healthy, beautiful relationship when that is in play.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
It doesn't happen all the time. It doesn't happen every season. But when you're kind of in that rhythm. That's right. And so when you can do that for each other. So for him, that's what I would say to him, is like there is a level of sacrifice. Yes. And in reality and grown-up world that you're an adult with kids, you have to go have a job. You have to make money.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And then if your wife is able to stay at home after you go and do those things because that's her desire, that's beautiful. That is something that we should all be reaching for to do the things that we want, right?
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
No, that's right. But when you can set it up, so yeah. It's a really good point. It's a long-winded answer for us.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Yes, well, and their bills, I mean, they owe, you know, $3,700 on medical, which, you know, it's not $15,000, it's $3,700.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
But of $300 a month, in the scope of life, though, is what I'm saying.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
This is manageable, right? This isn't two car loans that are $900 each, a student loan, $15,000 in medical debt, you know, $90,000 in student... Like, it's not this, like, overwhelming amount. This is a very doable... It's going to have to be, yeah, does he make the decision to do it or not?
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Good luck to you, Carissa. We'll be mailing out that great syringe to you soon.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Thanks, America, for a great hour. Thanks to everyone in the booth. And thank you, Ken Coleman. We'll be back.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Live from Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I am Rachel Cruz hosting this hour with my good friend and bestselling author, Ken Coleman, and we'll be answering your questions. So give us a call at 888-825-5225. And we'll chat about your life, your money, anything and everything. So give us a call.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Up first, we have Hunter starting us off in Oklahoma City. Hey, Hunter, welcome to the show. Hi, how are you guys? We are doing great. How can we help?
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And I'm just wondering which one do you guys think would be better? So the question is, do you pay, you know, pay one of them off today because you have the money or do you wait for four months and then pay them all off together? I would go ahead and pay it off. Yeah, go ahead and pay it today.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
I mean, I would I would start that momentum because as soon as you can hit the principal and get that lowered, then everything else ends up being more in your favor even over the next four months. So I would. Yeah, I would for sure. Go ahead and pay some money off today. Get that momentum going.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And you're still going to feel great when you're paying off the $19,000, right? You may be paying, you know, $4,000 next month, $5,000 the next. Like, you're going to be chomping away at the $19,000 remaining, and it's still going to continue to feel great. And that momentum, what Ken's saying, you just kind of keep on this track and this trajectory, and you're going to do it.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Yeah. Well, and people, hers is pretty short-term, being four months.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Some people that are like, oh, I could wait 18 months. For sure don't do that, because. Yeah. a Christmas trip comes up with the family and you want to travel and you pull some, you know what I mean? Like you end up not really sticking to the plan. So as much as you can, just staying on track helps your behaviors and the rhythms of your life. All right.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Up next we have, is it Nadine in Chattanooga?
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Nadine. Did I? Yeah. Which one's right? I'm so sorry, Nadine.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Okay. Yes, this is an interesting discussion. Okay. Because I read a book, which you guys should read just for this discussion because I don't agree with the entire book.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Is that all that's left? Is that what you're saying? If you did split it four ways, is it just $10,000 to each person? Is that what it would be?
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
So what's your question for us? Is it what to do?
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And is that what they're wanting? Is that $10,000 or are they wanting a fourth of the $500,000? That's the thing. I'm not sure.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Yeah, we're all adults here. Let's figure it out. This is pretty easy. And again, if they are competent, healthy people and you can do that, that's great.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
It is interesting because part of this discussion is what you guys are talking about. And it's his philosophy basically is give your kids their inheritance. Now. What now? So that's because the most time... according to the book, that people need money. So to your point, Valerie, is really between 24 and 34. You're paying off student loan debt.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Yeah, it's true. I hope that helps. Thanks for the call.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Welcome back to The Ramsey Show. I am Rachel Cruz hosting this hour with Ken Coleman. And we're going to Wilmington, North Carolina and talking to Jeff. Hey, Jeff. Welcome to the show.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
You're getting your first home, usually transitions with a marriage and kids like the most happens usually within that time frame. And they could get a head start, quote unquote, financially if they had help with a down payment or whatever it is. And then they get to build above that and they get to start earlier versus them getting money. This is not kind of against you, Bill, a little bit, but
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Well, the only reason I'd be really concerned is if you are needing your credit score or credit report for a reason, right? So the main reason someone would pull your credit score, obviously, is to go into more debt. Also, your credit report, if you're looking for a new job, you know, maybe an employer pulls it.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
But if there is any situation that they pull your credit report and you have another human that you're talking to, and being able to discuss and talk through why that is why it is and be able to explain it, then I would get out. I always hate playing the system game of trying to figure our way through it because of this, that, or that. You know what I mean?
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
I like the idea of paying it off, being done with it, and then in the next 12 to 18 months, if someone pulls your credit report for a reason... to be able to actually have a human conversation about why that word defaulted is on there.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And honestly, Jeff, when it comes to student loans and defaulting and all of that with COVID and everything that happened, like you're not going to be the only one either. Like, I mean, it's not like it's this, you know, thing. Now it may drop, it may hurt your credit score.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
So if you guys are, you know, if you're going to go borrow money, which I wouldn't suggest you do, then it could hurt that, you know, the loan process, but I don't want you doing that anyways.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Not in a couple years. At that point, your credit score will basically be non-existent because if you stop borrowing money after this and you're done with debt completely, your credit score will continue to actually get worse because the way the credit score is calculated, you need new debt recurring to continue and paying on it to keep that credit score high.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
So when you stop this process, and anyone listening that is doing the debt snowball, always know this, your credit score is going to go down until it gets to undetermined. It basically gets to zero. And then when you do that and go and buy a home, they're going to pull it and see that you don't have a credit score because you haven't borrowed money in over two years.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And you can do what's called manual underwriting and get a mortgage that way.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Yep. Absolutely. Thanks for the call, Jeff. So that's, yeah, that's a big, that's a big reason I get so annoyed with this whole industry is they like make you play these games, right? And if you're like, I'm not playing your games and I'm going to figure out a way to actually do the plan that I want to do.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And I want to get out of debt for four months and not wait nine, 10, 11 months to play this game. It's so frustrating because a lot of people, I mean, it's a very legitimate question that Jeff asked. And I think a lot of people get in those situations and they're like, yeah, what do I do? But when you just kind of don't play their game, it's amazing that you can still survive.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
versus the older kids now being in their 60s when Bill and Valerie passed to the other side. Well, when you're 60s, you're pretty much all set up. You don't really need it or you shouldn't. And then what do you do with that?
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Up next, we have Stacey in Philadelphia. Hey, Stacey. Welcome to the show.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Okay, will you give me a list of the numbers of everything? So like how much in credit card debt, how much in car debt, everything?
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
60,000. What were you using the credit cards for?
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And you said that's for our undergrad. When I asked you about student loans, do you guys have more student loans that's not undergrad, or you're just saying we just have our undergrad degrees? Yeah, just our undergrad degree. Okay, perfect. All right. So, Stacey, I need to know your why. What's making you guys want to clean all this up? Because, yeah, you kind of got a mess on your hands.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And what kind of got you to this point of, oh, gosh, we got to start paying this off?
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
What your favorite parts of the show are, what you like, what you don't like, what you want to hear more of. And we have a survey that is live right now that we would love for you to participate in. So two ways you can do that. Number one, you can text survey to 33789. Text the word survey to 33789. Or you can visit ramsaysolutions.com slash survey.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
um well you guys are gonna have to dig out of this yeah we got a plan so i mean stacy here's that one of the reasons i ask you why is because you're gonna have to feel that really deeply in this process because you got you guys have you know you you are gonna have to have a lot of intentionality because there's a lot of debt here and so what you're going to look at and i'm just running the numbers i'm like if you guys made 180 and even if you went and got an extra job
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
and made $1,000 more, right? You could get up to 192. You guys could be on the brink of $200,000 income and completely scorched earth in your lifestyle, not going on vacation, not going out to eat, doing zero more furniture buying, no renovations, no trips with friends, no celebration on the two-year.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Nothing, nothing, nothing, nothing, nothing, nothing. And if you can do that and you guys could live on, let's say $70,000 a year, you got $120,000 to $130,000 freed up and you can sit there, pay off that car, you go down the list. So it's the car, it's the credit cards, and then next is the reno and then the student loans. So you go smallest to largest.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And if you have multiple credit cards in that, then I would... Split those up where you have each individual card within that debt snowball. Again, listing all of your debts, smallest to largest. Pay minimum payments on everything, Stacey, and attack that smallest debt first and working your way out of this. It's going to take some time and intentionality, but you can do this.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
smart vester ramsey solutions is a paid non-client promoter of participating pros learn more at ramsey solutions.com smart vester welcome back to the ramsey show coming up next we have janna in phoenix arizona hey janna welcome to the show hi there hello hello how can we help
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Oh, yeah. We are the dream team, yes. I don't know what... When did you find out about this car purchase? Was this, like, yesterday?
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
How much do you get? Well, yeah, I mean, it's, yeah, and the anger and the hurt comes from not being heard at all and that your opinion doesn't matter, that there's no pause. In the person you're doing life with, your partner, your spouse, that there's no back and forth. It's this like dominant one way. And, you know, I'm not going to listen to you. I'm going to do what I want to do.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
That is hurtful in anything. Right. And this could be a husband calling us and his wife's like, I don't care. I'm going to go do what I want to do. Like, I mean, it doesn't you know, it's not a.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
You know, a wife-husband thing, it's a spouse, right?
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Like, is this a, oh, yeah, I can see him doing this. I can't believe he's driving across country for this. Well, not that, but I'm just saying not listening to you. Not the actual idea of buying a truck, but this idea that he would go make a decision. that you so adamantly do not want him to make, and he still makes it.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Yeah, does that happen in other parts of your marriage? No, not at all. Not at all.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And because he makes almost $300,000 a year.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
We'll pay it off in two months or whatever.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
That is true. Yes, that's fair. Which is them, in a sense. They have $3.5 million.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Yeah, in the truck conversations that you guys have been having in the last few months, Jana, have you said, I would love for you to get this truck. Let's map it out. And in May, let's take a road trip and go pick up this truck together. I'm so excited for this truck for you. Did you have...
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
any excitement and celebratoriness towards this truck for him at any level no rachel i did not okay no that's fair i appreciate your honesty i appreciate your honesty time with it yes so i think that's the i think that's going to be the relational rub that you guys are feeling is he doesn't feel yeah i'm assuming we're all guessing here That you are so gung-ho on this.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
You don't want to spend any money. You're fear-based. You're scarcity-minded. Life is fine. We make $300,000 a year. In the grand scheme of things, yes, in six months, none of this is going to matter. Jana, have some fun. Now I'm going to have to go make my own fun and enjoy this. And again, not the right move, not the right move, but that's his mindset. So you guys have to come together.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And that's where, Jana, I would really push you and him, I hope he listens to this call, that you have to embrace the differences of your spouse and that your spouse's differences is not the enemy. And in fact, they can make you a healthier, rounded person because he's going to bring things to the table, Jana, that may make you uncomfortable. Not debt, but the fun and the spending.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And he's going to bring that. And you need to embrace life. And he's going to help you do that. And then also, he doesn't need to be a freaking... I won't say it. And just like basically middle finger your wife and go in the middle of the night and go get a truck. That was not okay. I do not agree with that.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
I want to know Bill from you. I mean, it's 40 grand, which granted it's nothing to sneeze at, but 40 grand out of 3.5 million. It's not a ton.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
I'm sorry, though. Get a therapist in there. It'll be good.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
So is it what, what's bothering you about it? Bill's it, is it, it's less about the dollar amount and probably maybe the principle of it.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Welcome back to The Ramsey Show. When it comes to your money, Ken, one of the largest purchases that majority of people make is their home.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And when it comes to buying and selling your home, it can be very overwhelming, right? The whole housing market, the industry, when it comes to real estate, it can be really hard to tackle, especially alone. And so that's why we created Ramsey's Real Estate Homebase.
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The Road to Financial Freedom Is Paved With Grit
It's a place with all the tools and resources that you need to be prepared when you buy and sell your home and to give you the confidence that you're doing it the right way.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
So there you're gonna find calculators, a start to finish guide, multiple of them to help you, how-to articles, a podcast, a book, and even a video course, all packed with actionable steps to help you navigate this process of buying and selling your home.
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The Road to Financial Freedom Is Paved With Grit
So if you're ready to take the next step towards your home goals with peace of mind, make sure to go to RamseySolutions.com slash real estate or click the link in the description if you are listening on YouTube or podcast. All right, up next, we're going to Diego in Sacramento. Hey, Diego, welcome to the show.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
So let me tell you, Diego, your, the way you're going about this and your heart and your thought process, I really love because I do think, that our kids have to have grit. Our kids have to have a level of struggle. Our kids have to be able to know how to appreciate things, not be entitled, know how to work hard, right?
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Like all of these elements of who they're going to be, the character part of them, we all want as parents, right? Or at least I hope parents want that for their kids. And that's what you're wanting, right? And so what you're thinking is you're going to do it through the means of paying for their own college. So where I would challenge you is,
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Are there other places that they can learn those same character qualities And and and also be able to have their college paid for because my parents paid for my college. And I'll tell you, there was stipulations around it. And so we had to go to an in-state school. We had to graduate in four years. And that was kind of the main barriers.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And you could wait with like the one in college and say, we're going to hold it until you're 25. You know what I mean? There could be an age difference.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
So I remember thinking, you know, I want to go to Auburn University. And I remember dad being like, all right, well, calculate the tuition and the difference between.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
a school in tennessee a public university in tennessee minus the tuition of a school in alabama you pay the difference and i looked and i was like oh no thanks go vols i'll go instead yeah and then it was all right well now i have to take 15 hours every semester while some of my friends were taking nine so you know because people will graduate a semester late or a year later and they kind of just like work their way through i had to be on a screw you know what i mean like i
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
I had to have that schedule. So I think it's a misnomer to generalize. If your school is paid for, you're not going to have hard work and grit. I don't think that's true. I think it's a way that you feel that Winston, my husband, you know, he had to work his way through not the tuition part, but everything else he had to figure out.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
He had to have a job to pay rent and pay for food and all of that. Right. So, but I, so I think that there are ways to accomplish what you want for your kids and it may look different, right? And I'll give you one more example, then I'll be quiet and let Ken jump in. But for us right now, Diego, we have a nine, seven, and five-year-old. And Winston sold his lawnmower about three years ago.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And we have a lawn company mow our lawn. And he really, really struggled with our kids not growing up watching him mow the lawn. Because he had a lawn care business in college, and he was like, I want my kids to see physically. He was so hard on himself on that. But then as we talked, he was like, but right now, my time is better spent with them on Saturdays than going and doing that.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
What are ways now that we almost have to manufacture a life where they don't get what they want? They're going to have to work and do things to get what they want. So does that make sense? I just don't want to overgeneralize that if your college is paid for, you're going to be some spoiled, entitled brat.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Because let me tell you, there probably are some spoiled, entitled brats whose college is paid for and isn't paid for, but it's more of the character of who they are. And maybe it's revealed to that.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Oh, it's equal. Yeah. You agree with me? Yeah, for sure. I think it needs to be equal. I feel like it'd get real messy real quick. Yes. Even though certain kids obviously maybe need more right now. But I also want this, whenever you give a gift of money, you want it to be a blessing, right? You want this not to continue to harm. So if you do see a situation where this could be actually...
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And I think that's true. And I think, and again, I want to reiterate, Diego, the sentiment of what you're longing for your kids to have is so good. Like, that is so good. Absolutely. Because we want our kids to be able to do that.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
But I think that there is. I'm like, there's different, and there's so much between. And like, have them pay for their car when they're 60, right? I mean, like, there's things you can implement along the way.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And they're going to. And the world's hard enough in general, right? I'm like, they're going to bump up against it. But I think you can create an environment within your home between now and 18 that creates, you know, I... knock on wood, I believe this and I hope it's true.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
You know, not perfect kids, but kids that you are able to shape under your household and you as a parent get to put some of those guardrails in place. And if you give them everything they want, are they going to be more spoiled? Sure. If they got to work and figure out and problem solve, then that's going to be good for them too. So I think there's ways you can do it.
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The Road to Financial Freedom Is Paved With Grit
not good for them and leads them in more of an unhealthy path, that would be more of a pause for me just to think through. That's why the age limit may be something to think about. Like when you're 25, you get it. I don't know.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
But thanks for the call, Diego. Thanks for all the guys in the booth. Thank you, Ken Coleman. Thank you, America. We'll be back.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
Just throwing it out there. But no, I'm in favor. Sorry, Bill. I am too.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And it's such a small percentage compared to what you guys will leave them anyways. So this is The Ramsey Show.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And if you are listening on YouTube or podcast, just click the link in the description. We're actually giving away a $500 gift card. Wow. to someone that fills it out. But these surveys really do help us shape the content of the show and what you guys want to hear. And so we are thankful for you to do that. Now you can give us a call at 888-825-5225. And Ken and I will be answering your questions.
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Welcome back to The Ramsey Show. We are taking your calls on life and money. Up next, we have Kel in Tuscaloosa, Alabama. Hey, Kel, welcome to the show. Hey. Hi, how are you doing?
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Okay, let me interrupt you real quick. Okay, let me ask this. So you make $88,000 a year. You bring in $4,200 in rental properties that you own outright. How many homes is that? Five. Five. And how much are they worth?
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The Road to Financial Freedom Is Paved With Grit
No, that's fine. That's fine. No, I mean, still, it's fantastic. And then you have $175,000 in just savings. Is that what you said?
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The Road to Financial Freedom Is Paved With Grit
Well, Kel, you've been, let me just tell you, I mean, it's very impressive what you've done. I mean, you're, you are in an incredible spot. If financially. So you call the Ramsey Show. Yes. Any of the examples or options that you gave to purchase a multi-unit, we would not go for because they all pretty much involve debt. So I'm not going to go down that route with you.
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The Road to Financial Freedom Is Paved With Grit
But what I would encourage you in is, you know, I so appreciate your willingness and urgency to continue to grow, right? You want your money to grow and what's the next thing? And I think that that is fantastic. But what happens so easily is that emotion and that motivation sometimes crosses a line of risk. And then people take on debt and then take on risk.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
And they take this beautiful, peaceful life that you have where you're just not. I mean, you're making $4,200 a month on rental properties. I'm like, you have this incredible life set up. And then they go and kind of mess with it. And suddenly now you have a bank in your life. You're worried about tenants. And suddenly this peaceful life has now brought on a level of anxiety and work and risk.
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The Road to Financial Freedom Is Paved With Grit
Ken loves a coordination of outfits, and here we are.
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The Road to Financial Freedom Is Paved With Grit
And it takes a part of your mindset away from you and away from the peace that you have. So I want you to grow financially. We are all about that on this show. I think that that's fantastic. I just want you to do it in a slower way.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
wiser way that's going to ultimately for you, Kel, set you up as a whole person, not just the financial piece of your life, but every element of your life to still continue this piece that you have. So what I would do is either continue to do, because you can't, I mean, from our regards, you can't afford to go buy a multi-unit complex.
The Ramsey Show
The Road to Financial Freedom Is Paved With Grit
So what I would say is either continue to do what you're doing, maybe save up
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and go buy you know you said that our homes aren't worth a lot you know maybe you go and step up and rental and go buy in a nicer neighborhood somewhere that's more expensive you can get more rent that way right growing in these ways that um it is more within your means when it comes to cash because right now you're on baby step seven i mean you're
The Ramsey Show
Stop Overthinking and Start Taking Action
Hi, y'all. Thank you for taking my call. You bet. How can we help? So my question is, should I pull out of my savings or stop paying towards my debt in order to buy an RV for me, my husband, my one-year-old, and our two dogs to live in?
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Stop Overthinking and Start Taking Action
So my parents, our home flooded in 2023. Oh, no. And so my husband and I, we had a two-month, well, we had a baby, baby. And we needed a place to go. So my parents had just finished building their house. And while they were building their house, they lived in an RV. And so they had an RV for us to live in. So we moved into there. Now my parents are both retired, and they're wanting extra money to
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And so I just feel like us moving out of this $40,000 RV would be very beneficial to them. Now, while we're living in this RV, we've been able to save and pay off some of our debt. And so we want to continue doing that. We're not really ready to go and rent again. So we've discussed with my parents. Maybe us buying our own RV and letting them be able to sell theirs.
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Stop Overthinking and Start Taking Action
Well, so I'm not really sure. We have $2,500 in savings, which isn't a lot, and we still have $40,000 in debt. We're paying off our debts. So our savings isn't going up much. So I'm just kind of stuck on, do I ask my parents for us to continue staying there? I'll be honest, my dogs are kind of tearing up their RV.
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Stop Overthinking and Start Taking Action
So if I could get us out of there sooner rather than later, that would be my... Why aren't you ready to rent?
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Yeah, we're just really proud of our progress on paying off our debt.
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Stop Overthinking and Start Taking Action
Well, at the rate we're going, so some of it's school loans. So we're kind of leaving that out.
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Stop Overthinking and Start Taking Action
Yes. As far as my timeline, I'm kind of leaving that out. We have my husband's car.
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It's still accruing. He still has two years left of school.
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Stop Overthinking and Start Taking Action
There's still loans coming from it. I think there's three loans on it.
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Stop Overthinking and Start Taking Action
Yeah, so I bring home $70,000 and my husband brings home about, I don't know, he makes $11 an hour. And this is a newer job because he had to change jobs so he could be closer to my home and stay care over the time my parents live in.
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So he gets paid... Every other week, his are about $700. So he brings home about $1,400. And I bring home, well, I have our insurance and I have, you know, 401k. I bring home $1,800 every two weeks. So what is that, $3,200? Okay. So you guys have $5,000 a month and you've got 25% of that that you can spend on rent.
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Yeah, so we moved to a smaller town when we moved in with my parents. And so we were looking for a job for him that's close to my son's daycare because I have to travel over 60 miles for work.
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Yes. Yeah, he's doing online. For what? So when will he make more? He still has two years. Well, his degree is in marine biology.
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He has no pathway. No. Okay. He doesn't know the pathway.
The Ramsey Show
This Is Your Brain on Debt
So, I mean, I have found the most lucrative ones we've seen and talked to people is like when you can have a direct connection to the customer, meaning you do tutoring, piano lessons.
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This Is Your Brain on Debt
Lawn care, house sitting, babysitting, dog sitting, dog walking. Like when you can go straight to the person, to the customer, you're usually going to get a higher rate of return per hour versus going and working a retail job or something, you know?
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This Is Your Brain on Debt
Yes, that's right. Yeah, totally. And, you know, always the, you know, the Ubers, the Lyfts, the food delivery services, a lot of those we've I mean, we're talking to some people on a webinar last week. And people were making like $1,015, $1,200. I mean, a lot by even just driving at night. So again, looking at those options, but finding and actually digging into the details of it.
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This Is Your Brain on Debt
Because I think if you're going to be doing it, you want the most ROI out of your time because all of that will be going towards debt and having the discipline to put that extra money towards paying off debt to get out of debt as quickly as possible versus spending it too. So having that...
The Ramsey Show
This Is Your Brain on Debt
uh that that character quality of like yep i'm gonna be disciplined in that and stay true that this extra income is going towards debt is huge so all of you all um and some of you listening to this listen to it during your side hustle so we always just want to applaud you and remind you that that is possible this debt-free journey really is takes a lot of hard work but it is possible this is the ramsey show
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Welcome back to The Ramsey Show. The holiday season is upon us. And we have some extra special things to brighten your Christmas.
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Because you can winter to end. To winter to enter. Oh my gosh, you can enter to win.
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You can go to RamseySolutions.com slash store, get 20% off. You can enter to win the Ramsey $5,000 Christmas cash giveaway. So you can enter daily to increase your chances to win one of our $500 weekly prizes or the $5,000 grand prize. You can go to RamseySolutions.com slash giveaway for that.
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And then while you're at it, make sure to check out our 50 days of Christmas deals where you can save up to 30% off on gifts that actually give hope and life change to the people that you love this season. So whether it's building a non-anxious life, financial peace kids, or any other Ramsey fan favorites, make sure to check that out.
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You can go to ramseysolutions.com slash store or click the link in the description to check out the Christmas sale. Or again, for the giveaway, to win some money, you can go to RamseySolutions.com slash giveaway. Up next, we have Sarah in Virginia Beach. Hey, Sarah. Welcome to the show.
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That's so... That feels very extreme. Like it's one thing if your parents kind of like turn their nose up at community college because they're very educated. New England's like, yeah, yeah, yeah. It's like, oh my gosh, can't believe you're going to go to community college.
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We don't like car loans. Yeah, we don't do car loans. So we'll have you probably sell the car.
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Don't do business with banks. Don't go into debt. Yeah. Okay, so what's the situation, Sarah? So besides the interest rate, let's... Because, yeah, I'm not... Pre-approval is different from an actual rate.
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But to kick you out and take your car and your phone, I mean, that's a... Or if they said... Is there a religious element to this? Like to go to a Catholic school? I don't know. Or like any level of like a religion conviction there?
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Y'all, your creditworthiness would qualify for X. Give me, Sarah, give me kind of a little bit more of y'all's financial situation because I would love to maybe help navigate and talk through just this whole picture because I think you're a mom. You're pregnant with number five, which God bless you, Sarah. Well done.
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i have three and i feel like i have 13 kids so that's amazing um and i know that the the stress that you know just growing a family takes and a car is one of the largest purchases that you know you make as a family so i understand it's a big deal and for you guys to have transportation i i totally get that um so your your husband what what branch is he in the military He's in the Navy.
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The Navy, okay. Well, thanks for his service and for you as a military wife. You guys do a lot for this country, so we really, really honor and appreciate that. So you guys are in military housing, so there's no housing expense for you guys per month? Or are you paying a little bit of something?
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um we have a little bit yeah it's like five we have like five grand five grand okay and no other debt we have no other debt yeah that's great that's great and are you working at all i am not because um for me to work we would lose money yeah totally yeah yeah because we have too many kids to pay yeah for sure how much was the the van you guys bought
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Okay. And how much are you going to sell the old van for?
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This Is Your Brain on Debt
So what I would encourage you guys to do just as an exercise, you're probably not going to like it, but to save some of that money and continue to not owe anyone anything, I would do a lot of research on a van that's 10,000, right? It's going to be older.
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It may not be as great as the 16 because have you guys officially purchased the 16 or did you guys get the interest rate and now you're like, oh gosh, have you signed off on everything?
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Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I am Rachel Cruz, hosting this hour with my good friend and best-selling author, Dr. John Deloney. And we are answering your questions about life, money, relationships, career, anything. and everything.
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Yeah. I mean, Sarah, I'll be real honest. That's what I would do. I wouldn't mess with it. And I know the justification of it's only $200 a month. And at that point, it's not as much about the money, even though that's coming out of, you know, your $4,000 deposit.
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Yeah. Well, the the idea of going through all of this, you're going to be on baby number five. I mean, there's just so much stress and there's something about having the peace of mind that if something were to ever happen again,
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that you you don't owe anyone anything and getting a car from the dealership is the more expensive route versus an individual so i do wonder if you could if you could talk someone in that selling a eleven ten thousand dollar van to say hey we've got some cash and we can and we can We can buy it outright or drive the $4,000 for five, six more months if you can and just figure it out that way.
The Ramsey Show
This Is Your Brain on Debt
But honestly, as you call in, Sarah, that's the advice I want to give you. It's a different thinking paradigm. I understand how you fell into this. But there's something about taking on the identity of like, yeah, we're just somebody that we don't borrow money. And when you draw a hard line in the sand... then other options come into play.
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This Is Your Brain on Debt
They have to, because if this van breaks down, you're gonna have to figure out, okay, what are we gonna do? But if you're not borrowing money and there's a hard line,
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you have to get creative with it and and yeah and i think you know for you you know working would be very difficult i understand that i do know some people that are doing night stuff you know they're doing admin you know type online virtual assistant kind of things but i mean at this point if i were you guys i would scrape together what we had and said this is this is our budget and this is what we have to spend on a car and this is what we're going to spend
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And the Fed dropped some yesterday. I mean, it's just like... It's all over the place.
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This is The Ramsey Show. Welcome back to The Ramsey Show. The Ramsey question of the day is brought to you by WhyRefi. WhyRefi refinances your defaulted private student loans that other places won't touch and gives you a low fixed rate that they bill just for you. Carissa says that they lowered her payment from $2,000 a month to $680 a month with YRefi.
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So go to YRefi.com slash Ramsey to learn more. That's the letter Y, R-E-F-Y.com slash Ramsey. May not be available in all states.
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Um, I do feel like in the, I mean, this feels like an extreme situation. You guys don't even have, you don't have access to money at that point of how to pay bills. I mean, you guys are living completely separate lives and the money issue and how you guys are so separate with money is the symptom of really what's going on in your marriage, which you know that.
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And so, um, getting to the root cause of that, but I do want to. you know, encourage you that even in this, it doesn't sound like it's going well. Like, I mean, it's, I don't, I mean, you never want to predict a divorce on somebody, but unless he's willing to do the work and you are too, it's not going to, nothing's going to change. But you, you know, you've been offered.
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money you're offered jobs that you know you're getting paid significantly more but you're turning them down to preserve your mental health if i were you i mean you guys are living separate lives at this point and yeah you gotta start making plans i mean i would i would start um seeing yeah what's out there for me from a career standpoint to build your confidence back because if you're if you're in a relationship male man or woman right like
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And that your partner is not reciprocating any level of unity. And that's what you're craving. You love him. I'm like, that's rejection on a daily basis. And that erodes. I would have to say your self-confidence. And so to kind of get yourself in a spot from like a mental health standpoint, right?
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That's somewhat stable is gonna be really important in this for you to possibly make some hard decisions.
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This Is Your Brain on Debt
We were just on a break and meeting all the fabulous people in the lobby watching the show where we met with a couple that was here for our money and marriage event. And that's a theme, John, throughout that weekend and through marriage. Once I've been married 15 years and I would say even in the last probably four years to five years, did all of that click like what you just said?
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Because I think for so long we live in such a way. That we really do believe if I do something, it's going to affect you on a level. So I can either choose behaviors or, you know, it's up to me to make sure you're okay. Right. It's that way of living.
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No, no. And when you put the layer of money on top of it, for those of you listening and watching, we get the question all the time, how do I get my husband to see X, Y, and Z? How do I get my wife to see, or I don't have a spouse that's working with me financially. How do I get them to change? It's the way the questions are worded and our belief that we can change someone in it.
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This Is Your Brain on Debt
That's right, yeah. Or if we just had that one conversation and I could just, yeah, make this argument like really good, then they're going to get it. But there's something deep in the core of who we are. And again, this shows a lot about money and relationships, but it comes out in the financial aspect, meaning that when you guys are not on the same page financially,
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This Is Your Brain on Debt
You can only bring to the table what you are feeling, what you believe, and hope that your spouse reciprocates that you're in a marriage, that they're actually listening and responding. But to the point that that is not happening, then there is the marriage issues that are really going on and it's coming out as money issues and it's marriage issues.
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um and you have to start thinking about your four walls you have a three-year-old right you gotta start thinking about different different things yeah and i hate that for you i hate it i hate it i hate it um yet it's where we are it's what it is oh well thanks so much uh lindsey for the question i hope that helps all right let's go to john in salt lake city hey john welcome to the show hi thank you absolutely how can we help
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Yeah. Is this out of character for them? Like, were you shocked by this or is this like, yeah, yeah, I can see mom and dad doing this.
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This is The Ramsey Show. Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I am Rachel Cruz, hosting this hour with my friend and host of The Dr. John Deloney Show, John Deloney. That's like a double John Deloney, John Deloney. And author of the John Deloney books.
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But give us a call at 888-825-5225. And we're going to be answering your calls on life and money. First up, we have Jim in Atlanta, Georgia. Hey, Jim, welcome to the show.
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Wait, a shark trainer, like the shark in the ocean? And she trains them?
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Like at the aquarium, the Atlanta Aquarium? Yes, correct.
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man i wanted to be a marine biologist so bad and like do this kind of work man you took a left turn wow she's a shark trainer dude okay so unbelievable so you're going to be living in you're going to be living by the coast right or by an aquarium yeah so we live in atlanta because that's where the aquarium is okay so how much does she make a year um she makes about 48 okay okay
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I'm like, yeah, I mean, obviously she's gone to school to be, you know, or she's gotten levels of... Rachel, she's a shark trainer.
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This Is Your Brain on Debt
But that's the grown up question, though. And that reckoning is real for people, couples all across the country. A guy we talked to last hour. It's like, do I do I take this kind of pay cut to do the job I want or do I go and transfer and we move somewhere to make more money to have a different kind of lifestyle? I mean, it's a lifestyle question you guys are asking.
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Yeah. Yeah. And I'm not saying like, just go chase money and your life is going to be okay. It's more fulfilling than that. But you guys will just have to make some hard decisions because the math has to line up. And you're right, to own a home in Atlanta, Georgia, making 100K, it's gonna be really hard.
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And again, maybe you guys start off with not a single family home, maybe it's a townhouse, maybe it's a condo, not in the nicest building, right? I mean, there's these other elements of this that you need to look into, but I think that is your next step, Jim. I think home ownership from a financial standpoint is the wisest thing that you guys can do.
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You guys are out of debt, you have an emergency fund. And for first-time home buyers, we recommend about 5% to put down. and making sure that your payment is no more than 25% of your take-home pay. And so that may take you guys another two years to save and get a good down payment to get your monthly payment in a place that you want.
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But I think overall, and the beauty is you guys, you don't have kids right now. The world is you guys, and you guys are dual income, no kids, the dinks, and you get to make decisions about your life of, hey, what do we want to do? Is this... And that can change over time. But I think that, I mean, the math has to work. And that's the hard part of all of this. And it is frustrating.
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This Is Your Brain on Debt
I mean, things do cost more. And, you know, and even look at your lifestyle, too, Jim. I mean, I would be curious. Yeah. From that perspective, I know groceries are expensive, but 800 bucks for just you guys. Family of five lives off of that, you know, some months.
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Thanks, Jim. I hope that helps. This is The Ramsey Show. Well, a brand new tour just launched with Dave Ramsey and Dr. John Deloney. And they're going to be hitting the road with the Money and Relationships Tour.
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This is going to be so fun. So we do live events around Ramsey a lot. So we travel and we'll do some here at our event center. But this event specifically, it's a different one because the audience in each city gets to choose the topics, right?
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And you never know what's going to happen. Never know what's going to happen. And with you too, John. When we hosted Money Marriage, I was always like, with John, you host him with John, there's like 40%. You just never know what's going to happen. You always have to leave room. And Dave's the same way. So it's going to be a very entertaining, very fun event.
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So if you're in Louisville, Durham, Atlanta, Phoenix, Fort Worth, or Kansas City, they are coming to you or any surrounding area. So to get the dates...
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and the tickets go to ramseysolutions.com slash tour and make sure to check it out you guys again the money and relationships tour with dave ramsey and dr john deloney they're hitting the road and let me tell you when we were sitting around dave's table talking about like what we're going to talk about we got to laughing so hard and i thought if we're laughing this hard in here it's it's going to be wheels off it'll be wheels off if you think you know what a ramsey event is
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It's so fun. So, so fun. All right. Next up, we have Matthew in West Palm Beach. Hey, Matthew, welcome to the show.
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Or I've been working since I was 14 and all I know is to produce. And not to produce anymore, I don't know who I would be.
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You want her to be the healthiest version of her and that's.
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Not going to a job she hates and, or, you know, fighting her own demons of gosh, do I have value if I'm not producing or what, or I'm fearful that you're not going to make enough money. I mean, whatever that motivation is for her to work and,
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uh is important to get to because because it or it simply is d she just enjoys it yeah going to a job you hate that we don't want that long term for anybody out there um but maybe it's like yeah i i still because i know some women i mean they're they they can't stand being at home they're just like oh my gosh like i i function so much better i'm a better mom if you know
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being working or whatever it may be right and then also know Matthew you guys are first time parents leave your hand open to a lot that can happen because the moment that baby is born it changes your world unlike anything you can ever ever explain to someone so her her viewpoint may change your viewpoint may change I mean you just you never know until that baby's here because I don't know I always tell new parents take every major decision three months at a time
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Does she have a good maternity leave and everything with her and insurance? Like how, from a corporate standpoint, is she?
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And John's the education nerd. He loves education, so he can maybe back me up on this. But just for perspective, so you're in Boston, and we have friends that came from that area. And the way – even the Northeast, I would say, even specifically, the way they view education, there is a high – Premium. High regard. Like, it is everything. When you come to –
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And I'll just say as a woman who works, and I came back two weeks early from maternity leave with my first because I was like, oh, my gosh. And I love my job. I miss it. I miss being with people. So actually that versus my third, I actually pulled way back.
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I am working. No, but so, you know, I think for women, it can feel like I can't take an off ramp, especially in the corporate world. And when I hear this from friends, like if I get off the exit, I can't get back on. That's how it feels. But you can't. Don't limit yourself.
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Don't have those blinders because when you don't have other options, you make bad decisions out of fear and out of what could be. Take that off the table, too. The sky's the limit. So always remember that. And that's more for her, Matthew, not for you. This is The Ramsey Show. We broadcast this show live every day from 1 to 4 right outside of Nashville, Tennessee.
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And it's played on podcasts and YouTube. And it's always fun because the way we built the studio when we moved into the new building is right in the lobby. The studio is with a big glass wall. And people come from all over. And we meet people during the breaks from all over the country. We had people from Oregon and California and Florida. And in the lobby as well, there is a debt-free stage.
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And we have Ryan and Jonna standing on that today. Welcome, you guys. Thank you. Well, congratulations. You're on that stage for one reason and one reason only, because you are debt-free.
The Ramsey Show
This Is Your Brain on Debt
It took us a little over seven years. Okay. And what was the almost $200,000 of debt? What was that?
The Ramsey Show
This Is Your Brain on Debt
Oh, it's beautiful. Completely debt-free. It's a rad house, man. I was going to say, it's a very California-looking house. And you guys are from Sacramento? We're a little north of Sacramento, two hours north, Cottonwood. Having a paid-off California home feels impossible is what it seems like. Incredible, you guys.
The Ramsey Show
This Is Your Brain on Debt
in the south it's important say it rachel it's important but it's not life like like there's a belief of like you can scratch and claw and start a business and be as successful as the guy that has the college degree or that you know i mean whether you go to college or not there's kind of a micro like just kind of get in there and you figure it out and you can still be successful but it doesn't have this air about it which i'm not saying all new england's have that but i but i do think as an 18 year old that's growing up in that environment i mean you're in boston like it's
The Ramsey Show
This Is Your Brain on Debt
Okay, amazing, you guys. Okay, so what happened seven years ago to start this journey of paying off your house, which is wild.
The Ramsey Show
This Is Your Brain on Debt
you know okay uh-huh move along so yeah so during that time when we talk about baby step two paying off consumer debt that gazelle intensity and it's just like scorched earth you're going all in but when you get to where you guys were baby steps four five and six we say it's more intentional right there's going to be it's a longer game right seven years right uh which is faster than the average baby steps millionaire that pays it off in nine so you guys you you had some intensity so what would you say percentage wise was like
The Ramsey Show
This Is Your Brain on Debt
So give us a call at 888-825-5225. Alright, we're going to go to the phones and is it Torin from Boston? Hey, welcome to the show.
The Ramsey Show
This Is Your Brain on Debt
we're going to throw as much as we can at the house and we're sacrificing some stuff over here versus like, Oh, we still had a life and we still enjoyed things and did stuff with our family, but then had extra that we put towards the house. What was kind of the balance for you guys?
The Ramsey Show
This Is Your Brain on Debt
Do you feel like your kids felt the effects of it? Meaning like the lifestyle and everything? Like, do they, are they like, oh, mom and dad are rolling in it now. We get to like.
The Ramsey Show
This Is Your Brain on Debt
So just know there's a world outside of that. Not that we have it right necessarily. I'm not saying that. But you can be successful. You can meet people and network outside of a college. There are ways to live life that is not one path of just it has to be this prestigious education. If you don't get this, it's going to look bad on resumes. You're never going to get a job.
The Ramsey Show
This Is Your Brain on Debt
Oh, that's awesome. You guys. Congratulations. So how does it feel? It feels crazy.
The Ramsey Show
This Is Your Brain on Debt
it's wild wild oh well you guys are weird and we always celebrate the weirdness because i mean seriously haven't paid off house and then you add california to that that's the extra layer to this in my head of like oh yeah people feel like that just cannot be done and you guys you guys did it absolutely incredible absolutely okay so bring bring the kids up so we have uh is it shelby and logan yes yes and how old are they uh logan is 10 and shelby is 20. so logan you've never known your parents not to be crazy right
The Ramsey Show
This Is Your Brain on Debt
They got to get you some fun stuff, Logan. Your mom's a spender. I see it. She'll take you out. You guys, so proud of you. I mean, incredible family. And to do something that is above and beyond what people do in the sacrifice is so real. And you get the reward on it. You live like no one else. So later you get to live and give like no one else. We are so excited. Baby step seven.
The Ramsey Show
This Is Your Brain on Debt
Can't believe it. All right, so we have Jonna and Ryan, Shelby and Logan from Sacramento, California. They paid off $198,000 in seven years, making $94,000 to $207,000, and that includes their house. So count it down. Let's hear a big debt-free scream. Three, two, one. We're debt-free! Amazing. incredible that is so impressive always impressive
The Ramsey Show
This Is Your Brain on Debt
You're going to be homeless and you're going to die. That's not the route. That's not right. So just know there is more to life outside of possibly the bubble in which education is talked about in your family.
The Ramsey Show
This Is Your Brain on Debt
As a woman, a girl, I don't know. As a woman. I don't understand it. Now, going to Vegas, and I've admitted it on the show, and rolling some dice and playing some craps is so fun.
The Ramsey Show
This Is Your Brain on Debt
Sometimes it doesn't always happen, but when you get on a hot streak, it's so fun because everyone's cheering, you're making everyone money. It is a fun entertainment moment. When you bet on sports, you do nothing for the... You don't get to participate in it. That's what I don't understand the fun is. It's more fun when you're betting and you're the one playing the game.
The Ramsey Show
This Is Your Brain on Debt
Yes. And now there's commercials for sport. What's the one? I don't know. I don't know much about it, but it's the I don't want to give anybody. But that's what's crazy to me is now you wouldn't you didn't see that 10 years ago. But the commercials now for it. I'm like, oh, my gosh.
The Ramsey Show
This Is Your Brain on Debt
And I think what's hard too, this is what I don't like about gambling the lottery. Anytime you are delegating out winning financially to someone else or to a system is you're putting your hope in something that there's no payoff in, right? It's different when you're investing over a period of time because there is a proven track record that your money will make money.
The Ramsey Show
This Is Your Brain on Debt
But every time you put money in the market, for the most part, over time, over the long haul, your money is going to make money. But for gambling, the lottery, all of it, it is like this quick, it's a quick win idea that my life is going to change because of this one play that I'm doing. And that's so much easier than playing the longer game financially.
The Ramsey Show
This Is Your Brain on Debt
Yep. Yep. Because what is it? I mean, I think the same is true. Like when you buy something, right? The, the excitement, the dopamine, but when you're betting.
The Ramsey Show
This Is Your Brain on Debt
Which is what your cortisol, like what's the, like what's going on?
The Ramsey Show
This Is Your Brain on Debt
Totally. Yes. Yeah. We always say that. I mean, if there's anything that you're doing financially that has a big risk, gambling would be one. Playing craps when you're in Vegas once a year. I would include that. Yeah.
The Ramsey Show
This Is Your Brain on Debt
uh crypto i would put crypto in the same bucket like anything that does not have a long-term track record anything that has a high level of risk for you to lose that money uh even investing in a friend's business or something come to you with this idea hey hey hey make sure you've got the other side of the barbell that's right so that's the point is like anytime you're going to do any of these like risky level moves financially to your point emotionally you
The Ramsey Show
This Is Your Brain on Debt
you have to be able to set that money on fire and you're fine. Meaning you're out of debt, you have a fully funded emergency fund, you are investing 15% of your income into retirement. So instead of investing, going down, the amount of people investing, going down, it needs to be the opposite for you.
The Ramsey Show
This Is Your Brain on Debt
If you're not investing, you need to get yourself in a place where you are because that is a proven track record for your money to make money.
The Ramsey Show
This Is Your Brain on Debt
in the long term and if you have kids you're saving for college you know you're you're paying off the house and once the house is paid off then it's like okay i have disposable income we are in a solid place financially that we're not going to harm ourselves by you know putting you know a small amount of money and this that or that you know playing this playing that uh but just know what you're getting into as well and know yourself there's a level of self-awareness that like if you do have that kind of personality that you know yourself that you're
The Ramsey Show
This Is Your Brain on Debt
That's a great point. So good. Well, thank you guys for listening and watching. If you're on podcast or YouTube, this is it for you, but make sure to go over to the Ramsey Network app. It is completely free and you will get the third hour of the show there. If you're listening on traditional radio, we are still with you. Thank you, America. This is The Ramsey Show.
The Ramsey Show
This Is Your Brain on Debt
Man, you're right on, bro. And for fun, too, Torrin, just run some numbers on the ROI of the private college that you'd go into debt for, average interest rate on a student loan, how long that would probably take you to pay off if you got out of school with an average, maybe an above-average salary, let's say. Run those numbers out.
The Ramsey Show
This Is Your Brain on Debt
Having to repay that starting in a financial hole significantly six figures probably for the school versus getting through it debt free doing the free community college working saving up graduating from state school starting off and starting to invest the moment you get your first paycheck because you're going to have money and not being a whole.
The Ramsey Show
This Is Your Brain on Debt
financially from the math perspective, who comes out ahead.
The Ramsey Show
This Is Your Brain on Debt
So it's just interesting. Especially getting started. Yeah.
The Ramsey Show
This Is Your Brain on Debt
I'm proud of you for thinking outside the box, but be nice to your parents.
The Ramsey Show
This Is Your Brain on Debt
Welcome back to The Ramsey Show. We are taking your calls at 888-825-5225. Up next, we have Linda in Dallas, Texas. Hey, Linda, welcome to the show. Thank you. Absolutely. How can we help?
The Ramsey Show
This Is Your Brain on Debt
68. 68. And is the 2,000 from Social Security? No. 905 is from Social Security. Is that in addition to the 2,000 or that's included in the 2,000? No, that's included in the 2,000. Okay. And where are you getting the other money from?
The Ramsey Show
This Is Your Brain on Debt
Okay. You're supposed to be getting it, or that's what you're getting? No, he's paying me. They're not paying me.
The Ramsey Show
This Is Your Brain on Debt
Okay. Do you know when you'll know that? I wonder just how long you'll be in this specific situation for.
The Ramsey Show
This Is Your Brain on Debt
How much money do you have in your checking account? I have in my second year savings about $16,000. Okay, so it's just probably taking money out of that. Well, what's going to happen is that's going to dwindle pretty fast.
The Ramsey Show
This Is Your Brain on Debt
I'd have like six months to do something. Right, that's exactly right. Yep. Um, so your mortgage is more than what you're bringing in. And so that doesn't include any other utilities. So you're looking at to keep this house for that big of a mortgage payment, you're going to need to be bringing in close to nine grand a month, which I'm not sure if that's going to be possible.
The Ramsey Show
This Is Your Brain on Debt
So I don't know for the house, if you're going to be able to afford it long-term in order to sustain, um, Yep, any level of lifestyle. So are you, how much is left on the house? How much do you owe? About $275,000. Oh, okay.
The Ramsey Show
This Is Your Brain on Debt
Oh, $275,000. Oh my gosh. It's worth $350,000. Okay, okay. Gotcha, gotcha, gotcha. Okay. Yeah, I mean, I think, yeah, long term, Linda, I'm going to say that, yeah, you're going to have to sell the house eventually here and then. I mean, I would do it sooner than later. Honestly, I don't think it's worth the stress of what you're going to be under here after this account goes down money wise.
The Ramsey Show
This Is Your Brain on Debt
So I would sell it and I would find something new. like a one-bedroom condo, something that you could own, but it's going to be significant. If you can, find something that's less than this and maybe a different part of Dallas as well. And then finding, yeah, any level of work that you can to bridge that gap.
The Ramsey Show
This Is Your Brain on Debt
Because like what John said, I mean, that's the hard part about money is there's not really emotion around it. It is the math problem. And so understanding, okay, here's the money coming in, the money going out. But also my hope, Linda, number one, you're so courageous for making a decision.
The Ramsey Show
This Is Your Brain on Debt
to leave a dangerous situation and in a marriage at this age like i commend you for that greatly like that's that's scary um and taking that step is really difficult and so i'm so proud of you for that uh and then i yeah i pray that you're the divorce you know comes to a to an end and that he'll have some of his pension that he'll be paying you to help supplement some of this income too
The Ramsey Show
This Is Your Brain on Debt
All right, let's go to Facebook, John. How about we don't? We have Teresa on Facebook. All right. A social question. She asks, what kind of side jobs should you get to start tackling debt? So this is a question we get a lot, people that are on Baby Step 2 that are trying to get out of debt. The income part of getting out is a huge, huge part of the speed of which you can get out of debt, right?
The Ramsey Show
This Is Your Brain on Debt
I mean, like you can cut expenses, but only to a point, right? I mean, you still have to pay for things. So this extra income is really kind of the magic part of it. But it's also difficult because it's high lift. I mean, it takes your time. I mean, you're... working full-time possibly, and then you're taking some kind of side hustle.
The Ramsey Show
If You're Intentional With Money, You Can Win With Money
All right, Dave. You have some strong opinions. Possibly, yeah. Yeah, I think so. Okay, because you really prefer credit unions over big banks. So why is that?
The Ramsey Show
If You're Intentional With Money, You Can Win With Money
Yes. Well, and I think we have found one that is incredible, and that's Fairwinds. They are an incredible credit union that is really out with the heart to help the customer.
The Ramsey Show
If You're Intentional With Money, You Can Win With Money
Yeah, absolutely. And you're right, their customer service is unbelievable. Winston and I just signed up and we got an account. And I'm not kidding, it took less than five minutes. It was so user-friendly, like the step-by-step approach was unbelievable. And then the next day my phone rings and it says Fairwinds on my phone.
The Ramsey Show
If You're Intentional With Money, You Can Win With Money
So I answered it and talked to someone there and they said, yeah, they give calls to every new customer. And so again, they just really care about your experience. And I so, so appreciate that. So again, you guys, I know it can be a pain to switch banks or to open up new accounts, but Fairwinds, again, they make it so easy.
The Ramsey Show
If You're Intentional With Money, You Can Win With Money
Plus anything that you can do at a traditional branch, you can do with them at fairwinds.org or on their app. And you'll have free access to over 33,000 ATMs.
The Ramsey Show
If You're Intentional With Money, You Can Win With Money
Yeah, you guys, it's so easy to join Fairwinds no matter where you live. So go to fairwinds.org slash Ramsey to learn more. That's F-A-I-R-W-I-N-D-S dot org slash Ramsey.
The Ramsey Show
If You're Intentional With Money, You Can Win With Money
Hey, you guys, health insurance costs are only moving one way, and that way isn't down. And if higher costs aren't enough, the wait times to see your doctor are longer, and it's harder than ever to get anything approved through the bureaucracy. So if you feel like the system is working against you, try a biblically-based alternative to health insurance. Christian Healthcare Ministries.
The Ramsey Show
If You're Intentional With Money, You Can Win With Money
CHM is a health cost-sharing ministry that's helped hundreds of thousands of families like yours take care of over $11 billion in medical bills since 1981. And CHM has also helped them stay true to their values and avoid miles of red tape. And CHM support goes far beyond meeting financial needs. They'll also help meet spiritual needs.
The Ramsey Show
If You're Intentional With Money, You Can Win With Money
Members become part of a family who will pray with them and for them when they experience a medical event. So listen, y'all, there's no better way to take care of health care costs. CHM programs start as low as $98 a month. So learn more today and join at chministries.org slash budget. That's chministries.org slash budget.
The Ramsey Show
Affordable Gifts People Will Actually Love
There's a certain look when you wear a neck fan.
The Ramsey Show
Affordable Gifts People Will Actually Love
No, you wouldn't. You got to do outdoor events, George. Thank you. I wish you don't go to many of those, but it's good. All right. So when you are married, your spouse, do you guys do Christmas gifts?
The Ramsey Show
Affordable Gifts People Will Actually Love
Or maybe you're up in a bedroom at your in-laws trying to just get away from the craziness and you just need a little, a little lighthearted cheer and you have turned us on. Either way, happy Thanksgiving. I love Thanksgiving. Do you?
The Ramsey Show
Affordable Gifts People Will Actually Love
Same here. Yeah, we don't do Christmas gifts either.
The Ramsey Show
Affordable Gifts People Will Actually Love
Anniversary, we'll do stuff. Birthday, every now and then. But we're not, neither of us are like really big gift people.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yep. I did get Winston early on. Gosh, I think this was before kids. Gavin DeGraw tickets.
The Ramsey Show
Affordable Gifts People Will Actually Love
He does love Gavin, the piano part of Gavin.
The Ramsey Show
Affordable Gifts People Will Actually Love
And it is fun when you know there's something that they would love and you surprise them with it. It's like, that's a fun gesture for sure. So the surprise element is... It's still fun.
The Ramsey Show
Affordable Gifts People Will Actually Love
But you can get creative. I mean, in the experiences, you know, you can do like a pickleball lesson or a pasta-making class.
The Ramsey Show
Affordable Gifts People Will Actually Love
That would be fun, yes. But to do something together, I think it's always exciting.
The Ramsey Show
Affordable Gifts People Will Actually Love
You know, your level of connection actually does go up when you have a shared experience together. Dr. Les Parrott, when we used to do Money and Marriage together, he would talk about that. That studies show from like even brain activity when you're doing something with someone. That's why on The Bachelor, you know that show?
The Ramsey Show
Affordable Gifts People Will Actually Love
They do crazy. Like bungee jumping. There it is. Yes. Did you say that too?
The Ramsey Show
Affordable Gifts People Will Actually Love
But they do this like crazy shared experience together and it bonds them.
The Ramsey Show
Affordable Gifts People Will Actually Love
We've like hiked. I'm trying to think if we've done like a really high thing. Like the heights thing is always like a, oh.
The Ramsey Show
Affordable Gifts People Will Actually Love
Don't care for the heights. Jeez, George, I'm not sure.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yeah, he was confused half the time of like, what is happening around here? But it was so fun.
The Ramsey Show
Affordable Gifts People Will Actually Love
Oh, it's like a whole other experience. It's a spiritual experience for them. Oh, for sure. For sure. So much. So, so much. All right. The next one, which I think is always a fun one, is like the white elephant gift.
The Ramsey Show
Affordable Gifts People Will Actually Love
This is just like the random kind of like less expensive. What's the thing that you love?
The Ramsey Show
Affordable Gifts People Will Actually Love
So fun. Okay, so what I would buy is a milk frother.
The Ramsey Show
Affordable Gifts People Will Actually Love
Because we're about to get into Christmas and we're going to talk about gift giving in this episode. So we have you covered. Don't you worry.
The Ramsey Show
Affordable Gifts People Will Actually Love
I know. It's about 10 bucks. Yeah, my kids use it to like make chocolate milk. Like they'll like put chocolate syrup in milk and they'll do that. Winston uses it for like milk for coffee and all of that. It's just a great little gadget to have.
The Ramsey Show
Affordable Gifts People Will Actually Love
George, I feel like that's like below you.
The Ramsey Show
Affordable Gifts People Will Actually Love
Just like a stack of them and just see if you make some.
The Ramsey Show
Affordable Gifts People Will Actually Love
So you never know. It's kind of a little game element to it. Exactly. There's some competition there.
The Ramsey Show
Affordable Gifts People Will Actually Love
No, you did not. No, I did not. All right. I love the take a hint kind of gift.
The Ramsey Show
Affordable Gifts People Will Actually Love
It's like when people like give you like a vacuum cleaner. Like, hey, you probably need to let go.
The Ramsey Show
Affordable Gifts People Will Actually Love
Or like, I don't know, whatever it is. Some extra sponges because yours are gross. Like whatever the thing is, it's like here's like a little... So there's a couple of those. I mean, like the Total Money Makeover book could be that. And the great thing is, George, the Total Money Makeover book is one of our Black Friday sales here at Ramsey Solutions. And actually, all the books are.
The Ramsey Show
Affordable Gifts People Will Actually Love
Just a good meal. So what are we sipping on, George? We're talking about this.
The Ramsey Show
Affordable Gifts People Will Actually Love
Your books, my books. So go to RamseySolutions.com. Make sure to check it out because we have some great deals this Christmas on all of our products. So they actually make really great gifts. It's not just a hint of like, hey, you should do better with your money, but it actually will help people.
The Ramsey Show
Affordable Gifts People Will Actually Love
I love an AirTag. We put that in our suitcases sometimes.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yeah. And people, I'm sure everyone appreciated that.
The Ramsey Show
Affordable Gifts People Will Actually Love
I don't know. It kind of like heats everything up when it goes down. It's kind of nice.
The Ramsey Show
Affordable Gifts People Will Actually Love
All right. Here's for some gifts for the person that has it all. Is you got to go sentimental. You got to go like the picture out, the homemade calendar.
The Ramsey Show
Affordable Gifts People Will Actually Love
What am I going to buy Dave Ramsey? Yeah, handprints from all the grandkids. I got my parents for their lake house a yard, like a sign in the yard. And it had these like wooden arrows pointing different ways. And one said like Mimi's Kitchen. And it points... Inside the house. Papa Dave's dog. He goes that way. The dog park because they have this big dog area. And it's customized for their life.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yeah, yeah, yeah. I got off Etsy and I was like, that's a great gift.
The Ramsey Show
Affordable Gifts People Will Actually Love
That they can, yeah, put the yard at the lake.
The Ramsey Show
Affordable Gifts People Will Actually Love
I don't think that's very sentimental, though.
The Ramsey Show
Affordable Gifts People Will Actually Love
Hope we helped you guys out with your list. Return the gifts.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yeah, and I think, like, ask why are we doing this, right? If you're all adults buying adults gifts in the family, like, just ask.
The Ramsey Show
Affordable Gifts People Will Actually Love
Do we, like, really need to be doing this, right? Or if there was a certain dollar amount that was always spent, like, question why. Or is your motivation so people, you know, could see all of this and how fun it is? Like, just, again, the motivation and challenging what used to be the norm, I think, is really good.
The Ramsey Show
Affordable Gifts People Will Actually Love
Because some people, like... And genuinely, we're like, I hope someone else speaks up, right? And you could be the hero.
The Ramsey Show
Affordable Gifts People Will Actually Love
Okay, George, it's Thanksgiving. So what is one thing you're thankful for?
The Ramsey Show
Affordable Gifts People Will Actually Love
Oh, that if nobody sees this purchase, do I still want it?
The Ramsey Show
Affordable Gifts People Will Actually Love
Yeah, don't shop for yourself. This is the season to give. Yeah.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yeah, I do a Christmas one. And then I go into my notes app and have everyone's in there and drag and drop all the transactions into that one. Or if you even want to be more detailed, list everybody out in EveryDollar for December. Okay. Yeah. And you can have it all there or November if you're shopping.
The Ramsey Show
Affordable Gifts People Will Actually Love
We'll put a link down below so you can check out EveryDollar if you haven't already. Well, all right, George, it's almost the end of the episode and we close out every episode with Guilty as Charged. And this is where our producer Kelly gives us a new guilty as charged question every week. And if we're guilty, we take a sip. Kelly.
The Ramsey Show
Affordable Gifts People Will Actually Love
Because I have learned throughout the years, I'll just receive and just say thank you and not feel the pressure. But I feel like I used to feel, and I would write their name down. I'm like, I have to buy them something.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yeah, some of them... I think a couple have been like, oh my gosh. It's a loose relationship. Yeah, I wasn't expecting a gift from this person.
The Ramsey Show
Affordable Gifts People Will Actually Love
No, not a ton. We've kind of stopped doing that. I feel like we did that more when we were younger. That's kind of stopped more. But I feel like I'll randomly get a gift and I'm like... Like, geez. Yeah.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yeah. But I didn't know we were, like, at... We're not, like, giving gifts for Christmas kind of friends. Yeah. Yeah, totally.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yes, just to say we got to stop it. Even though it's been a tradition, we don't need it.
The Ramsey Show
Affordable Gifts People Will Actually Love
Maybe I would. Maybe I would. Yeah, you're right.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yeah. If Michael Reddish got me a gift. Yes. Mixologist Michael Reddish.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yeah, a package deal. My girls. Your family. How about you? I love it. I'll be the same vein. I think family. Yeah, the kids, Winston, our like little nuclear family, extended family is great too. Love y'all.
The Ramsey Show
Affordable Gifts People Will Actually Love
Oh, he's a high-maintenance gift receiver.
The Ramsey Show
Affordable Gifts People Will Actually Love
And I'm trying to think of somebody that I would be like, oh, shoot, your gift's coming. I may say that to you, George. Wow.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yeah, so kind. All right, who finished their drink first?
The Ramsey Show
Affordable Gifts People Will Actually Love
Wow. I'm going 8 out of 10. It was a little tart.
The Ramsey Show
Affordable Gifts People Will Actually Love
I'm a huge fan of pomegranate. Love it. You'll love it.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yeah, for sure. They can partake. Well, you guys, it's closing time. So thanks so much for listening and watching. Make sure to review, comment below. We love to hear from you guys. So if you enjoyed this episode and you're traveling this holiday season, make sure to check out our episode on why short-term rentals are no vacation. And we'll see you guys next Thursday on an all-new episode of...
The Ramsey Show
Affordable Gifts People Will Actually Love
Just like our little nuclear family, like our little Winston Cruises. They are precious. Yeah, but I would say that, you know, It's a big deal. It's things that you take for granted sometimes the day-to-day. That's why Thanksgiving kind of causes you to pause and be like, man.
The Ramsey Show
Affordable Gifts People Will Actually Love
And today we're sharing a special Black Friday edition episode of Smart Money Happy Hour right here for Ramsey Show listeners.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yeah. Wow. And talk about what we're grateful for. That's really nice. Yeah. That's like a Sharon tradition.
The Ramsey Show
Affordable Gifts People Will Actually Love
Oh, yeah. To be with my family. So that'll be nice. Boston's a great place to be Thanksgiving. It's very historical. It is. Around that time, it feels like.
The Ramsey Show
Affordable Gifts People Will Actually Love
Because Black Friday is tomorrow and the shopping starts. If it's not already done, it's getting completed probably in the next week or two. And yeah, we're going to help you out because gifts are fun. Are you a great gift giver? Is that like a strength of yours?
The Ramsey Show
Affordable Gifts People Will Actually Love
What a gift that is. Which I think that is a gift. That's the gift that keeps on giving.
The Ramsey Show
Affordable Gifts People Will Actually Love
You know, and I'm not a great gift giver either. And I wish I was. Because people that are, and they get you that thing. They're like, well, you said this, you know, like three months ago. And I just thought. Oh, one of those. And you're like, oh my gosh.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yes. I wish I was better at that, but I'm not. Yeah. I'm not. What's like the best gift you've ever received?
The Ramsey Show
Affordable Gifts People Will Actually Love
So if you're ready to make smart money moves and avoid that financial holiday hangover, tune in.
The Ramsey Show
Affordable Gifts People Will Actually Love
And I was like, I want it. I want a video camera. Yeah.
The Ramsey Show
Affordable Gifts People Will Actually Love
I remember getting a boom box. That was a big deal because I had a CD player and a cassette tape and it was like all in one. And you could just pick it up with the handle and I would carry it to the bathroom. Yeah, I had a radio.
The Ramsey Show
Affordable Gifts People Will Actually Love
Oh, yeah, you did play and record at the same time. And it was great. We got a puppy for Christmas one year.
The Ramsey Show
Affordable Gifts People Will Actually Love
I do. And actually this week, they're going off to their homes. I know. How sweet. I know. We had six puppies and they are now... All across the country.
The Ramsey Show
Affordable Gifts People Will Actually Love
I know, yeah. Okay, so, George, there's all these different types of gifts that we can give. And so, again, I think it's important to help all of you out there have gifts that, like, are practical. Because when we're adults... You know, there's the sentimental gifts. Winston's a good gift giver. He'll do like jewelry. Like I got another wedding band for last anniversary.
The Ramsey Show
Affordable Gifts People Will Actually Love
Like there's like sweet gifts that mean a lot, but there's also the practical gifts. that can go a long way with people. And you have different people in your life that value different things, are interested in different things, and we're going to be here for the people, George.
The Ramsey Show
Affordable Gifts People Will Actually Love
All right. For free. And we each have our own under these lists.
The Ramsey Show
Affordable Gifts People Will Actually Love
Are you ready? We got the wine and cocktail lovers. So there is a cocktail shaker, and I will give Courtney, the cheese gal, credit because I follow her. And there is a cocktail shaker.
The Ramsey Show
Affordable Gifts People Will Actually Love
That does not freeze your hands. It's like a thermo, thermal. Got it. There's like a protective covering because we have a cocktail shaker. When you shake it so much with ice, you're like, your hands get frozen.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yeah, yeah, yeah. That's right, that's right.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yes, but this has like a protective covering over it so your hands never get cold.
The Ramsey Show
Affordable Gifts People Will Actually Love
No, no, no. Or is it that has a top and a lid and a strainer? No, it's the top lid. Yep. But the top is also a measuring. Yes. Which is great too. So two in one. It's fantastic. Do you know the brand? I'll link it down below.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yeah, we'll link all of it. So check it out. It's a great one. If you have a wine or a cocktail.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yes. Like the speakeasy days. Even like the fonts were cool. Everything was just like classy. I know. Go back to like what, the 30s, 20s? So fun.
The Ramsey Show
Affordable Gifts People Will Actually Love
So good. All right, next is for the people who love to cook in your life. My favorite cooking utensil, and I use it probably twice a week. It is a meat grinder. It's actually, I think, a Pampered Chef, but I'm sure there's like an Amazon dupe. But the way it is, it's like a spatula, but it's up and it has these like grooves in it.
The Ramsey Show
Affordable Gifts People Will Actually Love
But you spin it in your ground beef and it makes the finest like Taco Bell fine ground beef.
The Ramsey Show
Affordable Gifts People Will Actually Love
Let's just be thankful all around. Well, this is the show where two friends who happen to be money experts talk about what you're talking about. So everything from pop culture, current events, and money.
The Ramsey Show
Affordable Gifts People Will Actually Love
It's what we're going for, people. But with real meat. It is what we're going for with real meat.
The Ramsey Show
Affordable Gifts People Will Actually Love
But it makes it really thin because when I do spaghetti sauce or tacos or chili or all that, I don't like chunky chunks of meat. Like I'm not a meatball fan.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yep. So this finely grounds your ground beef, and it is fantastic, not expensive. It's wonderful.
The Ramsey Show
Affordable Gifts People Will Actually Love
You know what? That is true, George. Fair. But I actually like my burgers more thin. I don't like... Like a smash patty. Yes. Smash burgers. All day. I don't like... Like mom and dad, when they cook burgers at their house, it's like really thick. And I don't like that. I don't like the like... It's like a ball of meat on a burger. And it just... It doesn't work. So you got to put your thumb in.
The Ramsey Show
Affordable Gifts People Will Actually Love
I've learned that trick. You know, it kind of spreads it out.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yeah. Dave and Sharon's high. Wow. It's like a ball.
The Ramsey Show
Affordable Gifts People Will Actually Love
I know. So no, I don't like it. Like, I don't like when it's thick like that. It's not good. So thin. All right. Thin, thin. So maybe I like McDonald's. Just thin.
The Ramsey Show
Affordable Gifts People Will Actually Love
That's what Rachel's here for. That's what I'm here for.
The Ramsey Show
Affordable Gifts People Will Actually Love
Okay, where do you get yours? Is it like on Amazon?
The Ramsey Show
Affordable Gifts People Will Actually Love
Yes, that's fair. That's fair. All right, next is for the tech and gadget lovers out there. One of my favorite things, George, is a wireless phone charger.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yep, I have it on my nightstand. Now, I will say there may be a total... There's still a wire involved, but it's not connected to your phone. Not connected to your phone. You just lay it on top. But you got to wait for the green to light up because there have maybe like 10 times where you think it's charging and it's not. And that's a bummer. So you do have to like watch for it.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yep. You just set it right there and it, yeah. Wow. And it's so great.
The Ramsey Show
Affordable Gifts People Will Actually Love
So great, because today, George, right now, if you are watching when this episode releases, it is Thanksgiving.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yeah, I know. To use your phone. It's fair. Yeah, yeah, yeah.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yeah, life is too short. That's good. I like that one, George. All right, next is for your kids. Okay, so this was a gift. Both of my girls got at different times, and they just love it so much. It's so funny to me. And it's so cheap. Like, you can get a really cheap one on Amazon. But it's a kid digital camera. And so, like, it's just, like, this, like, little cheap digital camera.
The Ramsey Show
Affordable Gifts People Will Actually Love
You're probably used to hearing our voices on The Ramsey Show, but did you know that we're also co-hosts of another show?
The Ramsey Show
Affordable Gifts People Will Actually Love
And it's terrible quality. I mean, like, you can barely see it. But it has, like, a unicorn case on it. I mean, it's just, like, this cheap little thing. But they wear it around their neck.
The Ramsey Show
Affordable Gifts People Will Actually Love
They think it's so cool to take pictures and, like, have a screen. Probably because they don't have, like, phones and stuff. But they just, they loved it. And it's, like, 20 bucks. But, yeah. So, if you have, like, an older kid. How do you get the photos? Yeah. Forgive my ignorance. I don't even think you do. I mean, I think it's just the fact that... They don't know.
The Ramsey Show
Affordable Gifts People Will Actually Love
They don't get to see the photos. I'm sure there's a card. I'm sure there's some like... Like an SD card? SD. I was going to say a USPS card.
The Ramsey Show
Affordable Gifts People Will Actually Love
Whatever that card is in there, I'm sure you can take it out. But they don't even want the pictures. It's just the idea that they get to like have this instant gratification of their own. Like I get to take a picture and it shows up.
The Ramsey Show
Affordable Gifts People Will Actually Love
That's cute. And they think it's like so fun.
The Ramsey Show
Affordable Gifts People Will Actually Love
George, let's get a little bit more creative.
The Ramsey Show
Affordable Gifts People Will Actually Love
Speaking of just cash and money for teens, you know, the big thing is gas gift cards.
The Ramsey Show
Affordable Gifts People Will Actually Love
Yep, and so that's what I've heard from a lot of people.
The Ramsey Show
Affordable Gifts People Will Actually Love
I don't know. Yeah, maybe they're traveling. to grandmother's house down the highway this Thanksgiving. Little Red Riding Hood? I don't know. And you're like listening to us while the kids like are watching something in the back. Thank you.
The Ramsey Show
Affordable Gifts People Will Actually Love
All right, parents and grandparents. This one's tougher. You know what's a good one is a thorough gun. Theragun?
The Ramsey Show
Affordable Gifts People Will Actually Love
They're great, and my parents love them. So, like, it's a good grandparent gift.
The Ramsey Show
Affordable Gifts People Will Actually Love
Anything from Brookstone. Remember Brookstone, that store? Yeah. A massage chair. Did you know anyone that owns one of those actual massage chairs like in their house?
The Ramsey Show
Affordable Gifts People Will Actually Love
Oh, yes. They wear them a lot at sports. Oh, Kelly's a fan. Yeah. You love it?
The Ramsey Show
Your Future Depends on What You Do Today
And Tony, you can do it if you want to, you can, um, but, but I like to Jade's point other to like a smaller percentage of your income going to housing. Again, it frees it up to be able to, um, to do other things.
The Ramsey Show
Your Future Depends on What You Do Today
And if life happens or when I should say life happens, um, I think we're probably a little jaded because majority of the calls on this show is, Oh, well I had a family deal that went South or I, I have a kid that's sick and someone needs to stay home. The, the, the job that was supposed to always be there. Yeah. Suddenly a pandemic hits and now that entire industry is wiped away.
The Ramsey Show
Your Future Depends on What You Do Today
And now we have to, we have to figure out, you know, I just put you at a level of risk that, um, is unnecessary. But Tony, if you are willing to take that and you want to, I have a feeling you're going to.
The Ramsey Show
Your Future Depends on What You Do Today
You get to decide that, right? But what we've seen is what is the wisest way to handle your money? And that is the percentage that feels wisest. So what I would probably say to you is, listen, if you guys are this disciplined, And if you're not in a rush to move, just wait two years, pile up all that money, put in massive down payments. Yes.
The Ramsey Show
Your Future Depends on What You Do Today
And then you're able to pay it off faster, pay off your home quick, very quickly. And again, it's not eating deeply into your income.
The Ramsey Show
Your Future Depends on What You Do Today
Yeah. And, you know, it's interesting. And again, if you are in the city, you know, if you're in Manhattan or any of the boroughs close to, you know, in New York City, it is some of the most expensive real estate in the world. So we do get a lot of people that are like in the Bay Area or this or and it's like we can't afford it. But what it said. But so I hear that. I understand.
The Ramsey Show
Your Future Depends on What You Do Today
Which means there's going to be more patients. And again, we always say, like, you're not exempt. because you live in California. The percentages are the percentages.
The Ramsey Show
Your Future Depends on What You Do Today
Yeah, and that's the thing, too. Again, we hear how much a house... We do usually get people that call and they're like, it's 50% of my income is our mortgage and I am so stressed and I don't know what to do. They're in a different position financially than you guys are, Tony, for sure. Those calls...
The Ramsey Show
Your Future Depends on What You Do Today
But my thing is, if that ever is a situation, I would rather be on the conservative side because at the end of the day, it's just a home. So like let my money be a tool to create peace and not stress.
The Ramsey Show
Your Future Depends on What You Do Today
Our question of the day is brought to you by Y Refi. Y Refi refinances defaulted private student loans that other places won't touch and helps you get your life back. So kick your private student loan debt to the curb at Y Refi dot com slash Ramsey. That's the letter Y R E F Y dot com slash Ramsey may not be available in all states.
The Ramsey Show
Your Future Depends on What You Do Today
We do find trade schools are becoming even more popular. There's such a demand. And what they're paying in some of those fields is incredible. And even to your point, we've even had callers on here. They went to code school for two years and they're making $175,000 right now. You're like, it's great. So yeah, I think the life can look so different.
The Ramsey Show
Your Future Depends on What You Do Today
Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I'm Rachel Cruz, hosting this hour with my good friend and best-selling author, Jade Warshaw. And we are here to answer your questions. So give us a call at 888-825-5225.
The Ramsey Show
Your Future Depends on What You Do Today
But I will say that time period between 18 and 21, there still is a big growth time of deciding like, What do I even want to do? Do I have to use it?
The Ramsey Show
Your Future Depends on What You Do Today
I think that's the hard thing about college is you do feel shoehorned into like you got to pick a major, which is difficult because you may not know at that age, but yet it still gives you an environment to semi-grow up in and start to like know responsibility and all of that without having to like fully go straight into like the corporate world, right? So there's pros and cons to both.
The Ramsey Show
Your Future Depends on What You Do Today
We are not against... college by any means, but we are against being stupid when it comes to going to college from a financial standpoint. So don't go $200,000 in debt for an undergrad in English that you can't make any money, right? So it's just, you have to be smart about the ROI. That's the biggest thing.
The Ramsey Show
Your Future Depends on What You Do Today
There you go. It's a great question. All right. Next, we're going to go to Boston, Massachusetts. They just had the Boston Marathon last week to Paul. Hi, Paul. Welcome to the show.
The Ramsey Show
Your Future Depends on What You Do Today
It's a great question. Okay. So how much, how much money do you make Paul?
The Ramsey Show
Your Future Depends on What You Do Today
Okay, perfect. And how much debt do you have?
The Ramsey Show
Your Future Depends on What You Do Today
Oh, that's great. That's good. I'm glad you didn't say $100,000. That may have changed my answer a little bit. And how much are you looking at spending on an engagement ring?
The Ramsey Show
Your Future Depends on What You Do Today
Yeah, so you haven't priced anything out and looked specifically?
The Ramsey Show
Your Future Depends on What You Do Today
Okay, and when do you think the engagement, when do you want it to happen? Are you like, if I had the ring, it'd happen tonight? Or are you like, eh, we're going to, I don't know, maybe in the next two to three months? Or what are you thinking?
The Ramsey Show
Your Future Depends on What You Do Today
Yeah, no, I hear that totally. Well, we always tell people not to pause big life events. So getting married, getting engaged, having a baby, like all those things, do those regardless of the debt, right? The debt can always get paid off. But when those moments come in life, like seize the moment, right? So get engaged. But but from like a financial standpoint.
The Ramsey Show
Your Future Depends on What You Do Today
Yeah, so I would be okay with you. I don't want it paused for too long of a period of time. So if there's like a side hustle, you can pick up or something. Yeah. But you could be saving for that on the side while I would say simultaneously throwing something at the debt just to keep the momentum going. Mm-hmm. But yeah, but that's probably what I would do. Just split it in half.
The Ramsey Show
Your Future Depends on What You Do Today
Let half your margin go to debt, half go to saving. And if you feel like, golly, I need to speed this up. Mm-hmm. see if there's extra income you can make to do that.
The Ramsey Show
Your Future Depends on What You Do Today
Yeah, definitely. I mean, this is, um, it is so, it is so normal. It is your fiance. Uh, will she have any debt going into the, to the marriage?
The Ramsey Show
Your Future Depends on What You Do Today
Yeah. That's exactly what we would say to don't combine until after you're married, but have a full picture of,
The Ramsey Show
Your Future Depends on What You Do Today
both of you guys from a financial standpoint with numbers going into the marriage which sounds like you guys you know are talking about that and then just the value system too like that's the other thing we bump up against a lot is couples struggle getting on the same page after marriage when it comes to money um especially if one of them has changed course and they're like oh my gosh now i want to be debt free and it's been we've been married for 10 years and that's never been a goal and now it is you're kind of shifting a big perspective so the fact that
The Ramsey Show
Your Future Depends on What You Do Today
that you guys can start on the same track, you know, from a mental standpoint, right? A value standpoint is a huge advantage, Paul, for sure.
The Ramsey Show
Your Future Depends on What You Do Today
For sure. Yeah. So great, Paul. Well, congratulations. So exciting. It's one of the most exciting things. It is. It is a great time of life. The engagement and the wedding, the marriage, the kids, everything that follows. It's a beautiful life, Paul. So I'm excited that you have someone. So yeah, I wouldn't stress too much about it. I'd say, yeah, do what you can. Buy that band cheaply.
The Ramsey Show
Your Future Depends on What You Do Today
If you can, it'd be nice because you got a great stone, apparently. It's awesome. Thanks, Paul, for the call. All right, Dave, you have some strong opinions.
The Ramsey Show
Your Future Depends on What You Do Today
Yeah, I think so. Okay, because you really prefer credit unions over big banks.
The Ramsey Show
Your Future Depends on What You Do Today
Well, and I think we have found one that is incredible, and that's Fairwinds. They are an incredible credit union that is really out with the heart to help the customer.
The Ramsey Show
Your Future Depends on What You Do Today
Yeah, absolutely. And I love that the things that we teach, they so line up with. And you're right, their customer service is unbelievable. Winston and I just signed up and we got an account. And I'm not kidding. It took less than five minutes. It was so user-friendly. Like the step-by-step approach was unbelievable. And then the next day my phone rings and it says Fairwinds on my phone.
The Ramsey Show
Your Future Depends on What You Do Today
So I answered it and talked to someone there and they said, yeah, they give calls to every new customer. And so again, they just really care about your experience. And I so, so appreciate that. Plus anything that you can do at a traditional branch, you can do with them at fairwinds.org or on their app. And you'll have free access to over 33,000 ATMs.
The Ramsey Show
Your Future Depends on What You Do Today
Yeah, you guys, it's so easy to join Fairwinds no matter where you live. So go to fairwinds.org slash Ramsey.
The Ramsey Show
Your Future Depends on What You Do Today
Buying or selling your home, it's a really big deal. And you want an expert in your quarter fighting for you to get the best deal and the best price, honestly. It's probably your largest asset that you're ever going to buy or sell. So you want this to be a really smooth process.
The Ramsey Show
Your Future Depends on What You Do Today
And the Ramsey Trusted Program is the only way to find a top agent that you can trust who will make sure that your home is a blessing and not a burden. And it's easy because you can compare agent profiles, interview them, and choose the right one that you want to work for you.
The Ramsey Show
Your Future Depends on What You Do Today
So find a local trusted real estate pro for free at RamseySolutions.com slash agent or click the link in the description if you are listening to this on podcast or watching on YouTube. We mentioned in an earlier segment, Jade, that, you know, about college and school and all of it. And it is Teacher Financial Literacy Month or Teacher Appreciation Month and Financial Literacy Month.
The Ramsey Show
Your Future Depends on What You Do Today
And we just appreciate teachers around here. I know Jade and I, we both have kids in school. And when you have... Teachers who are part of your own story from being in school. And now if you have kids that are in school, they're just such a gift. Like these teachers are just absolutely incredible. We love them. So we do want to honor them.
The Ramsey Show
Your Future Depends on What You Do Today
So make sure to enter our teacher appreciation giveaway at rs.com slash teacher. Yes. And we want to celebrate you. So make sure to check that out, teachers. All right, let's go to Sarah in Philadelphia. Hi, Sarah. Welcome to the show. Hi, thanks for having me. Absolutely. How can we help?
The Ramsey Show
Your Future Depends on What You Do Today
Where is your parents, your family situation through all of this from when you got married to now?
The Ramsey Show
Your Future Depends on What You Do Today
I can hear the circumstances. Yeah. And they probably picked up some things around town that they probably didn't like being a 34-year-old, you know. Exactly. And then...
The Ramsey Show
Your Future Depends on What You Do Today
Yeah. The next steps for you. Right. In life. Yeah. Turning. Cause you'll be turning 20 and all of it. Okay. So I,
The Ramsey Show
Your Future Depends on What You Do Today
um just because of what you've gone through sarah from a divorce standpoint having a child and i never want to minimize someone because of their age but i'm going to say because you're 19 i mean like you're a kid where you're still a teenager technically 19 right so yeah so so that all of those factors i do want to give you so much grace like you're still a teenager you're still figuring out how how
The Ramsey Show
Your Future Depends on What You Do Today
The world works, let alone the responsibility and the events that you've walked through through a divorce already. Right. So like just we have a lot of time here, Sarah. There is no I do not feel like this is a rush situation. There's a lot, a lot of grace here. I'm like sliding down.
The Ramsey Show
Your Future Depends on What You Do Today
Oh, yes. Yeah. If you feel probably out of control. So I understand that. Yes. But you're not sliding down in an unresponsible way financially or something. Right. You're you're fine.
The Ramsey Show
Your Future Depends on What You Do Today
Is the divorce final? Is all of that done? Any legal bills or anything outstanding there? That's finished. Does he have any responsibility from the divorce? Any child support coming in? I have to follow still. I'm sorry.
The Ramsey Show
Your Future Depends on What You Do Today
If he's giving the other 10%, he's got 15% of his income, Marie, to do what he needs to do. Right. So am I being... Yeah, you are.
The Ramsey Show
Your Future Depends on What You Do Today
Oh, okay. So it's not even, okay. Yeah. Okay.
The Ramsey Show
Your Future Depends on What You Do Today
Do you have a good lawyer? Do you, do you have someone? I don't legal representation. Okay. So that would be step one. That's going to be step one is to find someone in your area. who's a great divorce lawyer. I mean, you're going to want somebody there supporting you and representing you. So I would honestly, Sarah, I would make that step one is to find that person.
The Ramsey Show
Your Future Depends on What You Do Today
Because when you file all, this is about to, it's about to snowball. into a lot of things and you're going to probably, you or your parents will be paying for some of this too. So that would be my first goal. Find somebody and then figure out, okay, from a money standpoint. How is this working? Yeah, how much are we going to have to have because that's going to allow you to know.
The Ramsey Show
Your Future Depends on What You Do Today
I think you're being a little too legalistic about it. Because at 18, he's about to be off on his own. And so he has to start to learn mistakes. And maybe one month... And I'll tell you, this happened to 16-year-old Rachel when I got my checking account. Mom and dad were pretty hands-off. We turned 16. We got checking accounts.
The Ramsey Show
Your Future Depends on What You Do Today
Yeah, and I would say, too, you know, because we always do talk about that expectation, like what Jade's saying. And in this case, Sarah, you know, maybe that expectation is dependent upon your next step and how long the divorce takes. It may even be if you need to go back to school. And while you're in school, you can stay with them, right? So it's kind of mapping out.
The Ramsey Show
Your Future Depends on What You Do Today
And again, this is not in a rush, Sarah, for you. I really don't feel like you have to do all of this tonight by any means. But this is kind of your next big steps is... finding the lawyer, filing, starting that process. And then in the meantime, because it's good for you, Sarah, to be thinking through what does my future look like to Jade's point. So what is the next steps?
The Ramsey Show
Your Future Depends on What You Do Today
What does it look like? And just paint a broad stroke of like, okay, if I'm 23, what does it look like for me to self-sustain? That's right. To pay rents. Yeah. All that. Do I need a college degree to do that? Do I love, you know, accounting and I probably need to go get, you know, you know, a degree.
The Ramsey Show
Your Future Depends on What You Do Today
OK, so admin. Yeah. Administration is probably really high up in your skill set. Yeah. So finding those kind of things and then backing out from there and say, OK, you know, would I be able just to plug in with one or two businesses around to be able just to start working, you know, maybe in the next six months?
The Ramsey Show
Your Future Depends on What You Do Today
and that's great or do I need to go back to school right and then with your parents being that safety net for you right now how much are they willing to be a safety net financially for you right now and from a time housing perspective like what Jada said but Sarah stay on the line I'm going to get you Ken Coleman's book find the work you're wired to do because that'll help in that in that mindset and I think it could just be refreshing to you to have a level of grasp and control over your future but I'm so sorry about all of this and we just pray that it's a smooth process for you from here on out thanks for the call
The Ramsey Show
Your Future Depends on What You Do Today
Yes, I have, George. Sketchy and never trust them.
The Ramsey Show
Your Future Depends on What You Do Today
Yeah, they do. Delete.me actually goes in and removes your information from data broker websites, and it is an incredible service that everyone needs.
The Ramsey Show
Your Future Depends on What You Do Today
And they did put a small amount of money in every month, but it was not enough to do what you're saying, even though they expected us to do that. We weren't allowed to ask them for money. So if we wanted more, we had to go work. And we did. So we went and did babysitting. I started even doing live events, traveling. You were working. We were doing stuff.
The Ramsey Show
Your Future Depends on What You Do Today
That's right. And then once they remove your information, then they're going to send you a detailed report telling you where they found your information, when they removed it, how many hours they've saved you. I mean, it is incredible. So detailed and it's beautiful.
The Ramsey Show
Your Future Depends on What You Do Today
Absolutely amazing. And Winston and I now get fewer texts, weird emails, spam calls, all of it.
The Ramsey Show
Your Future Depends on What You Do Today
Again, that's joindeleteeme.com slash Ramsey. Make sure to check it out, you guys. Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I am Rachel Cruz hosting this hour with my good friend and bestselling author, Jade Warshaw. And we are answering your questions about life and money.
The Ramsey Show
Your Future Depends on What You Do Today
So give us a call at 888-825-5225. And if you can't get through, we've been hearing some of that rumblings that The lines are full all the time. So we have an entire messaging system that you can leave the message. The producers can call you back to and hopefully even schedule you maybe for a future show. Yeah, we'll see. Definitely. But again, the number is 888-825-5225. All right.
The Ramsey Show
Your Future Depends on What You Do Today
Let's have Kate kick us off this hour in Washington, D.C. Hi, Kate. Welcome to the show. Hi, guys. Hello. Hello. How are you?
The Ramsey Show
Your Future Depends on What You Do Today
Are you, are you single? Do you have a family? I am married, but I don't have any children. Okay. Oh my gosh. And so how are you? And you're doing okay right now, you said? Yeah. Things are going well. I've been on a maintenance line for about four years that seems to be doing a really good job.
The Ramsey Show
Your Future Depends on What You Do Today
And there was times, Marie, that Rachel, 16-year-old Rachel, would look up and it would be the 25th of the month. And I didn't have anything else on the calendar for work. And my tank was almost empty, literally. And being like, I can't I don't have enough money for gas. And like, well, did you budget? And I was like, no. And I had to have real life consequences of T9 texting friends.
The Ramsey Show
Your Future Depends on What You Do Today
Yeah, what is the doctor? But you're saying from a health standpoint, Kate, right? That should I be contributing if I'm not going to be able to use this money at 59 and a half? Is that what you're thinking? Have the doctors given you any indication? Do you, I mean, do you have...
The Ramsey Show
Your Future Depends on What You Do Today
That's all we had was T9 on our on our cricket phones to say, can you come pick me up for the football game? Right. I mean, like, so he needs to learn real life experience. And I'll say this to Maureen.
The Ramsey Show
Your Future Depends on What You Do Today
Did they give you any expectancy of, you know, people live like this for the next for 20 years or if they get, you know what I mean?
The Ramsey Show
Your Future Depends on What You Do Today
Yeah. Really tough. Well, you know what? Yeah. From talking to you, and again, you're in these appointments. I mean, I feel like I want to be so sensitive to what you're hearing in your appointments. But if I were in your shoes and from what you've told me on this call, I think from a... a discipline standpoint, I think you guys are going to be in a really good spot.
The Ramsey Show
Your Future Depends on What You Do Today
I mean, you guys already have a great plan in place, right, to be moving forward on the baby steps. And so if that 15%, if you kind of just felt in the back of your head like, I don't know if I'll see that money and I think we could maybe use that in a mutual fund or something. You know what I mean?
The Ramsey Show
Your Future Depends on What You Do Today
If there's another way to invest that and it's not specifically in a 401k or a retirement account that locks it up until you're 59 and a half without penalty and there's another investment vehicle that you would rather use thinking maybe, you know, if something were to happen and, you know, something turns, you know, for the turn South.
The Ramsey Show
Your Future Depends on What You Do Today
I think a mistake parents make when it comes to money and kids and kids, especially launching into the real world is I think we want to equate it and we want to make it easy to say, and I'm not saying you're doing this, Mary, but just in general, like I'm going to make them pay for their schooling because that's what my parents did and it teaches them responsibility or I'm going to make them do this and I'm not doing this for them because it's going to teach them responsibility.
The Ramsey Show
Your Future Depends on What You Do Today
And we were like, we're going to use some money to go do something with, right. That, that, that you don't feel like it's locked up where you're like, Oh gosh. Cause if it is in the 401k.
The Ramsey Show
Your Future Depends on What You Do Today
Yeah. And you could take, and he could take it out or you could take it out with some penalty. So it's not the end of the world by any means, but to get the most use out of it. If you were to ever use it before 59 and a half, it would be a different investment vehicle. Does that make sense? Kate? I feel like I just talked in a circle, but.
The Ramsey Show
Your Future Depends on What You Do Today
Yeah. I don't think there's a wrong answer. I'd be curious because I see like if you did the 401k and you said, you know what, I'm going to just have high hopes for my life. And I pray that I live till I'm 75, 80, 85, right with this for the rest of my life. And I'm going to beat it or I'm going to go into remission. And you just were like, I'm going to go 401k.
The Ramsey Show
Your Future Depends on What You Do Today
Nothing bad is going to happen with that. Right. And then if something did happen, Kate, then either you could pull it out with penalty. And at that point in life, you know what I mean? It doesn't matter. Or you or you pass it on to your husband and he could use it later. Yeah.
The Ramsey Show
Your Future Depends on What You Do Today
And have that liquid instead of a 401k in another investment, not liquid, sorry, but just another investment vehicle, like a index fund, Vanguard or a mutual fund or something versus a tied up in a 401k. Thanks Kate for the call. As moms, we have enough stuff that we're juggling without pacing through a huge grocery store for hours and paying premiums for name brands.
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Your Future Depends on What You Do Today
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The Ramsey Show
Your Future Depends on What You Do Today
Up next, we have Marty in Spokane, Washington. Hi, Marty. Welcome to the show.
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Your Future Depends on What You Do Today
And that black and white thinking does not always work out because I know people that paid for their college and they're, Deeply in debt and horrible with money, right? Like it does not equate responsibility. And so what I would be talking to him more and asking questions and being curious about is more of his character, right? Does he have self-discipline?
The Ramsey Show
Your Future Depends on What You Do Today
Oh, gosh. I'm sorry. You know, Marty, honestly, I'd probably go pull a personal loan for it. I think I would rather owe a bank than the IRS at this point. Especially for the amount it is. It's going to take you a while to pay it off. Because how much do you make a year?
The Ramsey Show
Your Future Depends on What You Do Today
We'll be talking about your life, your work, your relationships, your money, all the things. So give us a call. So first up this hour, we have Marie in Huntsville, Alabama. Hi, Marie. Welcome to the show. Hey, Rachel. Thank you so much for taking my call. Absolutely. How can we help?
The Ramsey Show
Your Future Depends on What You Do Today
And do you have any money in any other investments that are not retirement, non-retirement investments? No.
The Ramsey Show
Your Future Depends on What You Do Today
No, I would. Yeah, I would. I would for sure.
The Ramsey Show
Your Future Depends on What You Do Today
And you'd have about an $80,000 loan at that point. Because I was going to say, even with your income, I don't know if you'd qualify for a personal loan. I mean, depending on the situation.
The Ramsey Show
Your Future Depends on What You Do Today
Yeah, I would rather have an $80,000 loan than a $140,000. So, yes, Marty, that savings is what we would say would go. Because I would put this in Baby Step 2. in the debt snowball and you have no other debt. And so, but I would, I would, I would earmark this like that. I mean, that, that, that's especially IRS stuff. You want them out ASAP.
The Ramsey Show
Your Future Depends on What You Do Today
So, um, yeah, I would pay down as much as I could right now and then take the rest out, um, just from like a credit union or a bank and do a personal loan versus having a payment plan with the IRS.
The Ramsey Show
Your Future Depends on What You Do Today
Does he show up to work on time when he's supposed to? Is he responsible? Does he have self-control when it comes to spending? Like these are the elements. that you want to see magnified and how you manage money well as a 30, 40, 50, 60-year-old. That's the determination. That's right.
The Ramsey Show
Your Future Depends on What You Do Today
It just makes me nervous. I don't like it. And from an interest, I would not do it. I would not do a HELOC. I would not put your home on that. I would not put the home at risk there. And with HELOCs, the interest rates are sometimes insane. So I think, I mean, my best bet would be, it would probably be a personal loan. I think that would be the best bet.
The Ramsey Show
Your Future Depends on What You Do Today
Yeah, for sure. Yeah. Yeah. I would go the personal loan route. And again, we're not big on the, well, we rarely talk about like borrowing money, but this would be a case you're already in the hole. So rather be in the hole with a bank at that point.
The Ramsey Show
Your Future Depends on What You Do Today
And, you know, and your credit card interest rates and stuff can be up to where to 18, 20, you don't want it on a credit card, you know, like don't put it on the credit card, you know, So again, personal is probably going to be your best bet. That's true. Oh, this is, that's terrible. He got some bad information. Yep. That's not, not fun at all. I'm sorry about that. All right.
The Ramsey Show
Your Future Depends on What You Do Today
Let's go to Justin in Chicago. Hey, Justin, welcome to the show.
The Ramsey Show
Your Future Depends on What You Do Today
Hmm. Never gaining that traction. Are you guys behind on anything or is it pretty much like you're just kind of making it and there's not much profit?
The Ramsey Show
Your Future Depends on What You Do Today
Yeah. Did you guys start this four and a half years ago or you just came on board four and a half years ago?
The Ramsey Show
Your Future Depends on What You Do Today
Yeah. And how's, I mean, how's he been, has he been making a good living? And then it kind of just went downhill the last few years and just like from a lead standpoint or...
The Ramsey Show
Your Future Depends on What You Do Today
Yes. So we can't set up enough rules where he's going to be perfect with money. That's just not a guarantee. So I think you guys have done a fabulous job, Marie. Hear me say that. You've been so intentional. You You've really, like, you've worked hard. Well, we're trying, but that balance, like you said, it's hard. Yeah, so I would loosen it.
The Ramsey Show
Your Future Depends on What You Do Today
It's still a struggle. Um, is there any part of you that you want out just in general? Like, are you enjoying this or are you like, no, I want to make this work because it's such a, it's been such a great thing.
The Ramsey Show
Your Future Depends on What You Do Today
Yeah, there was no more. You weren't getting the leads you needed kind of thing.
The Ramsey Show
Your Future Depends on What You Do Today
So Henry Cloud wrote a book called Unnecessary Endings, not Unnecessary, Necessary Endings. And it's basically one of the points of that book that I think is so good is like when you just don't have hope. that the future is going to look different, that something needs to end. And so he talks about it more from a relational standpoint, but this is kind of more of a business standpoint.
The Ramsey Show
Your Future Depends on What You Do Today
So if it's been the struggle for four and a half years and you don't see something changing from a marketing standpoint and whatnot, Then maybe that's a discussion you and your wife kind of have. But the problem I have with it, Justin, is that when you guys are doing the work, you're doing great. You're not losing money on the actual business end, right? When you have a job, you're doing it. Yeah.
The Ramsey Show
Your Future Depends on What You Do Today
And doing it within scope and smart and everything.
The Ramsey Show
Your Future Depends on What You Do Today
Yeah, within the same skill set. That's a great, yeah. So maybe it's more expanding and not narrowing the business idea because the business itself seems like it's doing great. It's just getting those leads. That's important. Hey, you guys, health insurance costs are only moving one way, and that way isn't down.
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Your Future Depends on What You Do Today
And if higher costs aren't enough, the wait times to see your doctor are longer, and it's harder than ever to get anything approved through the bureaucracy. So if you feel like the system is working against you, try a biblically-based alternative to health insurance. Christian Healthcare Ministries.
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Your Future Depends on What You Do Today
Only, I'm just saying that through my experience of being a teenager with Dave and Sharon Ramsey, is they gave us more freedom to, like, figure it out. Like, do what you want to do. Because it's under their roof still, right? And then at 18, yeah, I mean, and beyond, you had to manage and budget and be wise with money.
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Your Future Depends on What You Do Today
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Your Future Depends on What You Do Today
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Your Future Depends on What You Do Today
Living paycheck to paycheck is never fun and you want to stop that cycle. So if you are living paycheck to paycheck and you think, okay, what can I do that is different? I would really encourage you to get on a budget and also join our team because they are hosting a free budgeting training session this month. There's a couple of them you can actually look into.
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Your Future Depends on What You Do Today
So you are going to learn the step-by-step idea of how to make and stick to a budget because it is probably the best tool to get you out of that paycheck to paycheck living. So there are spots are limited, but check it out and sign up for free at every dollar dot com slash webinar. And again, it's going to give you a great tutorial through it with our team and also do a live Q&A.
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Your Future Depends on What You Do Today
All right, Jade. Look at that. We're going to go all the way to Berlin, Germany and national. Yeah. Talk to David. Hi, David. Welcome to the show.
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Your Future Depends on What You Do Today
Yeah, so you are contributing right now to the mortgage. Is that what you said?
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Your Future Depends on What You Do Today
Okay. And is that like kind of your rent for living there? Is that kind of what she's charging you? Or are you just doing that because you think that it's, you know, a great nod to your mom to help her with the mortgage?
The Ramsey Show
Your Future Depends on What You Do Today
Yeah. Okay. And it would, would she be able to cover the mortgage on her, on her own when you move out?
The Ramsey Show
Your Future Depends on What You Do Today
Yeah. So that can be that can be tough. And are you wanting to move out, David? Are you like, OK, I'm ready to be on my own, but I don't feel like I can. And what's stopping you is that that dynamic?
The Ramsey Show
Your Future Depends on What You Do Today
Yeah, because you kind of mentioned earlier her lifestyle is increase her lifestyle spending because you're taking care of the mortgage. So she's going to have to probably shift her priorities. How much do you make a year, David?
The Ramsey Show
Your Future Depends on What You Do Today
Sure, sure. And out of that income per year, are you able to rent somewhere for a bit? Like, are you able to self-support yourself with that amount in Berlin? I don't know. I don't know the economy over there.
The Ramsey Show
Your Future Depends on What You Do Today
You can self-support yourself. You can you can support yourself.
The Ramsey Show
Your Future Depends on What You Do Today
Do you have any debt right now, consumer debt?
The Ramsey Show
Your Future Depends on What You Do Today
Yeah. So, yeah, David, I would have a conversation with your mom and, you know, and she's been, you know, you've contributed a lot, but also she's allowed you to live with her. That's right. So give her, you know, some, it would be respectful to give her at least a notice of maybe a two or three months. I think, yeah.
The Ramsey Show
Your Future Depends on What You Do Today
Just to say, hey, I'm going to be looking for a new place and by July, I think I'm going to be moving out. So I just want you to be aware. So if you need to start shifting some things, you know, and if your deal was that you...
The Ramsey Show
Your Future Depends on What You Do Today
Yes. No, you're great. Yeah. So, yeah, that that's would be my advice, David, is to have that conversation with your mom and then, yeah, get it. Get a small apartment. I wouldn't probably buy anything right now. You know, just like get yourself settled. You're 30. Kind of figure out, OK, this is where I'm at. Here's like the career and like what Jade said, if you can see a trajectory.
The Ramsey Show
Your Future Depends on What You Do Today
of your income going up, that's wonderful because you can use some of that to maybe save and pay for a property down the road and or start investing and saving for the future for yourself. But I think this first step is to move out. So I would do that. But yeah, good luck to you, David. Very good. And he is very convicted, Jade. I asked him about that debt and he gave us an enthusiastic no.
The Ramsey Show
Your Future Depends on What You Do Today
We could hear it all the way here in America. David, you're doing great. We're excited for you.
The Ramsey Show
Your Future Depends on What You Do Today
you know kung fu grip on how much he is saving does that make sense yes it does yes and that is the goal absolutely that's the goal and if you did that marie if you went to him this afternoon and said okay we are not telling you how to manage your money anymore uh we we would encourage we would encourage you to give safe spend and we want you to do all three things as your parents that's an expectation but you have to figure out do you think he has the capability and the tools and the maturity to do that do you think he could do it
The Ramsey Show
Your Future Depends on What You Do Today
This show, I'm proud to say, because it's all of you listening and watching, continues just to grow and grow and grow. And we are so thankful for that because that means more and more people get to hear about how to take control of their money. This is why we wake up every day. This is what we want. So the fact that more people are listening and watching is so wonderful.
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Your Future Depends on What You Do Today
And so many times that growth really does happen because those of you listening and watching or telling your friends and family about the show. So please continue to do that. Word of mouth is always huge. And people that trust you, trust your judgments and know that, yeah, you're a trustworthy source. So be telling your friends and family, share it on social media, all the things.
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Your Future Depends on What You Do Today
It really does help continue to grow the show because we want to spread the word About how to have peace with your finances, Jade. I know, that's right, yes. We want peace in this area of our life. So let's go to Tony in Philadelphia. Hi, Tony. Welcome to the show.
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Your Future Depends on What You Do Today
Okay. And they came to you and she said, you know, dad, what would you do in this situation? Well,
The Ramsey Show
Your Future Depends on What You Do Today
Well, they'd have $10,000. They'd have $10,000 of savings. But it makes you uncomfortable or them?
The Ramsey Show
Your Future Depends on What You Do Today
That's what we would say. Yeah. Like from the money standpoint, that's what they should do. Yes, they need to pay off their debt.
The Ramsey Show
Your Future Depends on What You Do Today
No, I mean, yeah. I mean, again, Tony, it's... The relationship standpoint always gets sticky with money when it comes to parent-adult-child situations. And we see it a lot. So I think what we're kind of just cautioning is if this was your daughter calling... That would be a lot different if the son in law was calling and we're talking to them. It's their money and their problem. Right.
The Ramsey Show
Your Future Depends on What You Do Today
So they need to be figuring this out. They're adults. They're old enough to get married. They're old enough to figure this out. But again, if they came to you, Tony, and said, you know, Dad, we need a lot of help. Will you sit down with us? Here are our numbers. Here's what we need to do. That is. Yeah. But the the the.
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Your Future Depends on What You Do Today
OK, here's an are you ready for this extreme story? You ready for this, Tony? So my I remember I was married probably and we were probably right at six months. And I was 21 when I got married. So I'm 21 and a half. And Winston and I, I remember being up at mom and dad's house. I was by myself and I was having dinner with them because Winston had something that night.
The Ramsey Show
Your Future Depends on What You Do Today
And I remember asking my dad, Dave Ramsey, I love this question about mutual funds. And I said, we have money in a high yield. Should we go ahead and transfer this to a mutual fund or leave it in a high yield? Like it was a very pretty simple answer, but I didn't know what he would recommend. Tony, he wouldn't answer my question. He said, well, what does Winston think?
The Ramsey Show
Your Future Depends on What You Do Today
And I was like, well, we don't know. So we're coming to you to ask. He's like, well, you just drive down this hill and you guys decide what you think you should do. I'm like, but I'm asking you, Dave Ramsey, what to do with my money. Do I need to call in and like scam the show and like change my name?
The Ramsey Show
Your Future Depends on What You Do Today
So I would say I would... Want to have the confidence that he can do it under your roof on his own because when mistakes are made, you're there to help guide and direct. Not to shame and all of that, right? But to guide and direct because the truth is you're not going to have that control over him in the next few months. If he's graduating this May, he's going to be long gone.
The Ramsey Show
Your Future Depends on What You Do Today
But I think that the learning was now 15 years later, looking back, he was giving dignity to my husband. to say, you and my daughter need to figure this out. I am not going to swoop in and save the day all the time. You guys are smart. You guys can figure it out. And again, it was not a, and I would say this in this situation, this was not a life or death money situation, right?
The Ramsey Show
Your Future Depends on What You Do Today
They're not asking, gosh, we're going to cash out all of us, all of our stuff, and we're going to go into crypto. And you're like, oh, can I just yell? Probably not a good idea, right? It wasn't like... They're not doing something extreme. Should they pay off this debt? Is it a lot of debt? Yeah, they also have a lot of savings. They're going to be okay.
The Ramsey Show
Your Future Depends on What You Do Today
But I just wonder from a relational standpoint, if there is something to be said, Tony, of, you know, you gave her away and...
The Ramsey Show
Your Future Depends on What You Do Today
Yeah, I love that approach. I know. I mean, I was frustrated at the time because I was like, will you just say mutual funder? Just give me the simple answer. And again, every relationship is different, right? And Winston may do something different with Amelia if Amelia comes and asks. I mean, I don't know. But I think it's the overstepping boundaries that we don't want.
The Ramsey Show
Your Future Depends on What You Do Today
We want them to be developed into their own couple, giving themselves the dignity. And there's probably a little bit of you, Tony. I'm going to say this, too. There may be a little bit of you that's like, oh, I don't like that he brought in all this debt. I was debt free. My daughter was debt free. And now she has to use her hard-earned savings to clean up his mess.
The Ramsey Show
Your Future Depends on What You Do Today
And that's frustrating as a dad to watch. So there could be a little bit of that brewing in you as well.
The Ramsey Show
Your Future Depends on What You Do Today
Yes, but if she came to you, Tony, and your sweet daughter is like, Dad, please, what would you do in this situation? You would answer if you were following Ramsey's plan. Yes, you would take that $100,000. You'd pay it off. You'd have $10,000, which is...
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Your Future Depends on What You Do Today
pretty great compared to the normal you know normal people out there normal americans that have a negative net worth because they don't have savings and they have a hundred thousand dollars so they're in a great position in that way they get to continue to build that ten thousand up to a uh fully funded emergency fund and go go about their their life and it's great so i know we're probably a little hard on you tony i don't mean to be but
The Ramsey Show
Your Future Depends on What You Do Today
Yep, I know. Man, that's hard. And I think that's going to be hard as a parent.
The Ramsey Show
Your Future Depends on What You Do Today
Yes. But I think that sets up a beautiful precedent going forward. Because I feel like I've known situations... And that wasn't the case. And there was a overlap a lot. And later breaking that, 10 years after therapy, trying to break that relationship, like that's even more painful. So it's a good precedent to kind of start.
The Ramsey Show
Your Future Depends on What You Do Today
You know what I mean? In four months. So he's got to figure it out. And under your roof is the best safety net, Marie. You guys are doing a great job. Thanks for the call.
The Ramsey Show
Your Future Depends on What You Do Today
But Tony, I do appreciate your heart and looking out for them and all of it. But tell them to call the show and we'll chat with them too. So thanks, Tony, for the call. And that puts this hour of The Ramsey Show in the books.
The Ramsey Show
Your Future Depends on What You Do Today
Up next, we're going to New York, New York, and we have Tony on the line. Hi, Tony. Welcome to the show.
The Ramsey Show
Your Future Depends on What You Do Today
So you're basically saying we are doing everything we should be doing and we don't spend anything. So we just have all this money and we'd rather spend it on a mortgage than something else.
The Ramsey Show
Your Future Depends on What You Do Today
So my question is, Tony, yeah, if you guys have all this, could you put a larger down payment somewhere and then that would lower your mortgage payment?
The Ramsey Show
Your Future Depends on What You Do Today
It's just a high percentage, Tony. I mean, regardless of what you make or what you're doing, it's just a high percentage going to one factor. And granted, it's going to a great factor because it's, you know, you're home and, you know, you're... But even paying it off faster is going to be less because of how big the mortgage is going to be, right?
The Ramsey Show
Your Future Depends on What You Do Today
So it's a little bit of that idea of people like, well, the bank said I can qualify for X. I'm like, well, of course they did, you know? But in reality, like, what is the wisest with the pool of your paycheck when it hits your account to be able to live a full, well-rounded life?
The Ramsey Show
Your Future Depends on What You Do Today
To be giving, investing, saving, traveling, paying the house off early, kids college, which I know you have that taken care of. But like... there's so many things in life to do. And for half of your income to be going just to one asset, um, just feels like it feels constraints, right?
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Your Future Self Deserves Better Choices Today
All right. I hope that helps, Richard. Thanks so much for the call.
The Ramsey Show
Your Future Self Deserves Better Choices Today
Absolutely. Well, thanks so much. And, you know, and when we talk about that, you should not own anything with motors and wheels. That is more than half of your annual income. Richard's going against that, but this is where he's primary living, which again, from a long term, I don't recommend because unlike real estate, if you go and buy, you know, a
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Your Future Self Deserves Better Choices Today
two bedroom condo somewhere, it's going to go up in value. That's right. Where a camper is going down. And so to put all your eggs in that basket at this age, it is scary, Richard. And so, yeah, I mean, I don't think I realized you owed that much on it. So almost backing down, paying that off.
The Ramsey Show
Your Future Self Deserves Better Choices Today
Or even selling the camper and renting. Yeah. I don't know. I don't know. There's some, some options to look at. Well, thanks Richard again for the call. This is the Ramsey show.
The Ramsey Show
Your Future Self Deserves Better Choices Today
With the last caller, we were talking about real estate and what that looks like to start saving up towards a home. And you guys, when it comes to buying and selling your home, there's a lot of decisions. It can feel very overwhelming, but you don't have to go through that process alone. We created Ramsey's Real Estate Homebase.
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So this is a place with so many resources and tools like calculators, start to finish guides, how-to articles, a podcast, a book, a video course, like everything around the subject of real estate. Because again, buying and selling, it can be an overwhelming process.
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Your Future Self Deserves Better Choices Today
And the more information you have that you understand and you know, the more clarity you're gonna have walking into that, which is huge. Like you wanna be armed with so much information before you go and buy or sell your home. So make sure to check it out at ramseysolutions.com slash real estate, or click the link in the description if you're watching on YouTube or listening on podcasts.
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Because if you need some next steps towards your home buying or home selling process, Make sure to check it out. One of my favorite things on it is the dashboard. They have the U.S. housing market trends, and they keep it updated.
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Your Future Self Deserves Better Choices Today
And it's just constantly kind of a pulse of what's going on with interest rates, median home prices in America, total days on the markets, how many homes are for sale around the country. I mean, it just kind of gives you the snapshot picture of the real estate market. So again, you can go to ramseysolutions.com slash realestates.
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Your Future Self Deserves Better Choices Today
All right, we're going to the phones, and we're going to Andrew in Cheyenne, Wyoming, one of my favorite country songs. Hey, Andrew, welcome to the show.
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Your Future Self Deserves Better Choices Today
Oh, no. Oh, man. Andrew, we'll give you one more second. Oh, yeah, that's a bad line, I think. We're going. Is this better? Oh, there you are. Oh, you're back. Yes.
The Ramsey Show
Your Future Self Deserves Better Choices Today
Can I ask, Andrew, and share as much as you feel comfortable, but what's going on health-wise right now?
The Ramsey Show
Your Future Self Deserves Better Choices Today
And insurance. This is obviously something more like in a natural bent, I'm assuming. So insurance isn't going to cover it.
The Ramsey Show
Your Future Self Deserves Better Choices Today
Live from Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I am Rachel Cruz, hosting this hour with my good friend and bestselling author, Jade Warshaw. And we are answering your questions. So give us a call at 888-825-5225. We'll talk career, relationships, money, anything and everything. So give us a call.
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Your Future Self Deserves Better Choices Today
Um, man, this is so hard, because I do feel like they're just from my own, not my own experience, but people within my close circles of friends and family, even that I know, you know, when you get something, it's like autoimmune or mold or whatever that it can end up feeling Andrew, like, There's always something else we have. There's a long line of things that are continual.
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Your Future Self Deserves Better Choices Today
And so what I always just think about and kind of caution is I would, number one, maybe get a second opinion. I'm sure you know your doctor well and trust them. But we're talking about $10,000 to $30,000, right? I mean, if it was $2,000, that's one thing. But I mean, you're talking five figures going in with treatments. And so- Is that a piece or-
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Your Future Self Deserves Better Choices Today
And is this ongoing or is it kind of a one-time thing?
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Okay. So, you know, what, what I would probably do, because again, I feel like this can sometimes feel like a never ending cycle. I would, I would, Um, and because it's not a, and I know you're, you guys are saying, I don't want to downplay it all the sickness. I'm sure it's just miserable, but it's not a life or death.
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Like, okay, I have to save my child right now because you know, there's a, you know, like it's not this, it's not an urgency, but it is something for the betterment of your health you want. So what, you know, what I would probably strive to do is whatever I could to get, cause 10 to 30 is a big range. So I would get as close to that 10 and I would talk, negotiate doctor's bill.
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I mean, I would do whatever I could. to get it down to that 10. And you guys are, you know, I would work to save a thousand a month. I would be okay right now because it is a health issue, maybe to pause the debt snowball, stay current on your bills. But I would bump that 600 a month up to a thousand and save for 10 months. And then starting October, November, Andrew, start this treatment.
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And then hopefully by this time next year, you're through it, you're done. And then press play on the baby steps.
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And the sense to that, you know, you don't want to prolong it too long because of what you're saying. You know, they can come back and get worse unless you have this treatment. So.
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Getting to it right a level of urgency but it's also not like we have to do this next month the only option is alone and we're done like yeah if you can and it's not debilitating because you guys are working and all that I would yeah I would find something because I would cash flow it and the other thing Andrew that's interesting is when you are working with cash.
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Even when we're talking about, you know, health situations, it does force you. This is why I like cash, forces you to look at other options, other decisions. Sell something. There's just other parts of your brain of problem solving versus with debt. It's like, here's a chunk of money. This is all we're going to do. We don't really have to put the brainpower to think through other things.
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It's just here. But when you're paying with cash and you're working and saving hard, like... I don't know. It just, it forces other things to come to the surface of other options and choices. That's also true. But yeah. So again, I'm so sorry. That is, that stuff that is like, and that's, and that has been, I don't know.
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I don't know if you've, or I've just had people and it's like, you go to the next thing and then it flares up again. I don't know. It just feels like it's like whack-a-mole a little bit sometimes with different things. So I do want you guys to get that treatment. But, but because it's not, it's not life or death right in this moment, it's, I would pause a little bit and save up for it.
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No, not at all. I mean, and if, again, you trust there, no strings attached, that it is a free and clear gift. And what's interesting, Chris, there's a book called Die With Zero. And it's a really interesting read. And one of his takes that majority of people cannot do, a lot of people are not in your appearance position to have the cash flow to do something like this.
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Take care of yourselves, people. Take care of yourselves. It's not insurance. This is The Ramsey Show. Hey y'all, it's Rachel Cruz. Just about everything costs more these days, and unfortunately, healthcare is no exception.
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Plus, you can join at any time, including open enrollment. You guys, CHM has been helping Ramsey fans for 15 years, and they're the only health cost sharing provider endorsed by Ramsey. So you can trust CHM to take care of you like we would. Programs start as low as $98 a month. So find out more and join today at chministries.org slash budget. That's chministries.org slash budget.
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Welcome back to The Ramsey Show. Up next, we have Mikayla in Kansas City, Missouri. Hi, Mikayla. Welcome to the show. Hi. Can you hear me right? Yes, we can. How can we help?
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But he was saying in the book, if you did, that actually your kids would benefit more from your money in their 20s and 30s than they would when they're 60 and 70 when they receive the inheritance. So it's actually, I would see it not as borrowing against your inheritance. It's actually putting you in a better position 30, 40 years ahead. Mm-hmm.
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Do they support you financially in any way?
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So he was using he was using your yeah, he was using your money plus going into debt under your name.
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We all make mistakes. Yeah. It was just, I was just trying to more of a clarifying question, making sure I understood the situation. Okay. So my next question is why do your parents need to know?
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to get you getting your house paid off that much faster to invest that much more for your kids. Does that make sense? Like it almost is a better use of that money the earlier you get it. If you do something wise with it, like put it towards real estate. Does that make sense?
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Sorry, guys. I'll take over for a second. Thank you. Go ahead. Give me a give me a wave, Jade, because she's got some good stuff to say. Yeah. So so echoing on what she's saying is that you can have a deep relationship with someone and and and be able to kind of share what you're going through of like the struggle of like, oh, yeah, you know, I do have some debt. I'm trying to pay off.
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That's why I'm putting in these hours. And this is the why behind it. And I do agree. You don't need to walk alone when it comes to your money. So having somebody in your life that has context and knows what's going on, I think is important. It doesn't have to be your parents. And I wouldn't say your parents have to know every detail of your life in order to have a...
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a close and great relationship. But if you want that peer to peer mentality to Michaela, you are your own person as well. And so if your mom, you know, has, you know, and maybe you share in her fears or not, I don't know, but she can have her own, you know, set mindset of, you know, what's going to happen for her future or what she thinks may have to happen.
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But also, Michaela, you know, you're 22 years old. And so you get to make some decisions and decide for yourself. hey, here's the reality of my life too. And just because my mom goes one way, I don't have to go that way either. Unless you do think that, right? And you may have context in that, which is totally fine. But I do think you are your own standing person at 22.
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Your parents don't need to know these things, but I understand opening up and wanting them into what's going on with your life, I think is great. And if you want to tell him the number, tell him the number. Like you didn't, you know, we always say like debt is not a sin. It's not a salvation issue. It wasn't some like big moral failure. Yeah. Yeah. You made some mistakes.
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You look back and I was stupid with my ex. Why did I do that? But listen, we all make mistakes like things happen in life, Michaela. So you're 22. Do not beat yourself up about it.
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mistake okay you are not a problem a problem you are not a burden it was just something you went and you went through it and let those emotions go through you okay it's when you get stuck in them that they become a problem yes yeah it does not define who you are your past mistakes don't define who you are Michaela so know that there's freedom in it and opportunity ahead thank you so much for the call thanks to all the guys in the booth thank you Jade for a great hour this is the Ramsey show
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doing what it should oh well I hope that helps Chris and I would say too you know to something to think about for yourself Chris is you know are you in a position emotionally to be okay with being given money because I know there's a level you know not to stereotype but you know even some dudes like there I don't know there's there can be something to feel weird I'm like oh my gosh I'm getting helped by my parents but what I would say to that again if the relationship is healthy and good like
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Live from Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I am Rachel Cruz, hosting this hour with bestselling author Jade Warshaw. And we are taking your calls about your life and your money. So give us a call at 888-825-5225. Starting us off this hour in Los Angeles is Lori. Hi, Lori. Welcome to the show.
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Oh, well, I'm so glad you called. How can we help?
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Okay. Okay. Let me, okay. So you use 60,000 above and beyond your living expenses to fix up the house to sell. Is that what you're saying?
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put the ego aside, receive the gift. Yeah. Because that's, yeah. I mean, I think you're, I think it's fine.
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Is this still in California or is this like Arizona? Is this Missouri? Like, where are you talking?
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And what are you fixing when you keep saying you're going to be, when you say I'm throwing an extra $40,000 at it, is that because it's almost $4,000 a month to keep it afloat or is that an additional $40,000 on top of just maintaining it?
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Yep. That's great, Chris. Awesome. Okay. I'm next. We have Catherine in Portland's Maine. Hey, Catherine, welcome to the show.
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And is that because it's a broken down house? What's the extra $40,000 going to be going to?
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How much will you, how much will you, if you sold the house today for what you want, ideally, how much equity would you be walking away with?
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Okay. And it'd be 80,000 in taxes. Is that what you were saying? Because of capital gains?
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Yeah, and Lori, if you have the ability to get in a small condo to buy with this equity, I would do that versus renting long-term because eventually you're going to have to buy something and the sooner, the better. Thanks, Lori, so much for the call. This is The Ramsey Show.
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Welcome back. We are taking your calls at 888-825-5225. I'm Rachel Cruz, hosting with the wonderful Jade Warshaw. And we're going to go to Portland, Oregon next. And we are talking to William. Hey, William, welcome to the show.
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What would be the jump in income, realistically, from what you're making now to after you graduate?
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Okay, okay. That's a good investment. How long is school for?
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Yeah. Wow. How long would it be to get into, you know, because I know with that, it's either you own a truck, you work for a company, like what kind of route are you thinking about?
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That's great. I mean, honestly, William, that's probably what I would do. And the only reason I would say to pause your snowball to do this is the immediate jump in income and, and trucking for the most part. I know people can kind of get a little bit into the weeds if you own your own truck. I mean, I know there's some expenses that can happen, but the path you're doing is very predictable.
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It's not like you're going to school to get a master's in psychology and you're hoping to do x y and z and it's a little ambiguous because it is such a short amount of school and because it's pretty guaranteed that's the that's one reason why I would or two reasons why I would say I would I would pause and how old are you young
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Yes, for sure. I would do that, William. Honestly, I would not for sure take out loans for it. I would save. And for you to be able to pay off $24,000 with $100,000 to $110,000 on the road where a lot of your expenses are paid, like sleeping, right? Like you're going to have lower expenses too just because of the lifestyle. So you'll be able to knock out that $24,000.
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I mean, you can make an aggressive goal and say you're going to do it in six months and live on half of what you're making or, you know, something crazy.
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roughly 36 to 38 it's a 22 highlander no brainer yes today william today and what you with what you get with it you're gonna be debt free yeah you'll be debt free and pay for a cash car or whatever you know oh yeah pay for a cash car yeah wow this is a good conversation thank you Yeah, you're rare, William, in the sense that your car is not underwater.
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We talked to so many people that have bought in the last few years when cars were so up in value and they bought high and now they're trying to sell.
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But it's holding its value that well, huh? I mean, you Kelly Blue Booked it and that's what you're seeing?
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Yep. And then when you get that first paycheck, it's all yours because you're debt free because you sold the car. Boom. All right. Let's go to Josh in Boise. He is up next. Hey, Josh. How are y'all? Doing great. How can we help?
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It sounds like a general contractor type. I mean, I know it's not that intense, but that's what it's sounding like.
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Well, I was going to ask, what's the biggest need? If you were to drill it down to two things versus jack of all trades, what do you see as the most lucrative?
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I don't want to sneak around the law or anything, but my question is, yeah, could you go flooring and trim? And then if someone's like, oh gosh, well, I need this help too. You're like, oh yeah, I can fix your toilet too for an extra hundred bucks. I don't know. Is that plausible just as a freelance type work?
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Back experiences that happen with life and because of that people get protective and they want to protect themselves which in one case is totally understandable but also as it plays out in the health of the marriage it ends up being more detrimental than beneficial and that's where you guys have to like really get on the same page so yeah yeah unless to your point that he promised his
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brother that he would help pay for the brother's kids college I don't know I think there's something there that makes sense to you but for you not even to understand why that's a bigger problem to me you need to know that you know Jade I was stopped by somebody recently out and about and she was very kind but she was like can I just ask you a quick question I was like sure
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But she was saying that they, her and her husband are working their way out of debt. She has, I think like maybe, I can't remember the exact word, maybe $20,000 left in her name because they're her student loans. Okay. And they were going to go and refinance the house.
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Well, if they put her name on the deed in the refinance, then they're not going to get as good of a rate because of her credit score and everything.
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And so she was like, we want to refinance, but should we hold off till we're debt free? Or could we go ahead and refinance and my name not be on the deed, but I could put it on the deed after I'm, you know, get out of debt. Anyways, it was this whole like situation. And I, you know, and I told her, I was like, I mean, yes, you want your name on the deed eventually.
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And if it's not, it needs to be in the will, like what you're saying. But the... I think the ownership aspect of both being on the deed is important, but also in a short term, if it doesn't make financial sense, save the money and then put your name later if your name is in the will for it.
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Just in case something happens to him. Because the whole point, again, of sharing assets, yes, is from a tactical standpoint. So we want to be smart about that. But it's also from an ownership perspective and a unity perspective.
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We're going to start off this hour with Chris in Dayton, Ohio. Hey, Chris, welcome to the show.
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All right. Let's go to Richard in Rapid City, South Dakota. Hi, Richard. Welcome to the show.
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Yeah, for sure. Well, yeah, I would be for doing something in the meantime. And I always feel like the transitional season, like what you're in.
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It is harder because, I mean, I think for a lot of people, you kind of have to go into it with a lot of humility, being like, okay, I was doing one thing, and now I'm doing something I never thought I would be doing, but at least I'm earning a paycheck to keep us afloat.
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Because you're right, you don't want to sit there and just drain your emergency fund all the way down, you know, three to four months in. So keeping as much afloat as possible. Does your wife work?
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Sure, sure. Yeah, so I mean, Richard, I'd be doing anything or everything. And again, it's not going to probably be in your field of what you're saying short term.
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And it may not even be a job you thought you'd ever be in, but you're earning something and bringing something in while looking, simultaneously looking for something that you had, or stuff may have to just shift in your professional career.
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If you hold on the line when we get done with this call, Christian's going to pick up, and I'd love to give you some of Ken Coleman's material because he writes about this, of whether it's a job loss that is sudden or expected or you decide to change careers because it's not what you're passionate about, regardless of your reasoning, kind of relooking and just saying, hey, what other strengths are out there?
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Because like you're saying, if it is a narrow field, And if there's not a reality of you getting something very similar to what you're doing, you want something that is full-time, that is fulfilling, but it may look different and maybe something more, you know, that you aren't thinking about. So I'll give you, yeah, Ken's book. And he has the Get Clear Assessment, a code for that in his book.
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And so you can actually take that. And it's a great assessment. It's very thorough. Just to maybe just to get your wheels turning and thinking of other things. Mm-hmm.
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And if it is full time with insurance and benefits, that's a bonus for sure. You know, and knowing that it may be short term, but getting something that has kind of a well-rounded package, I think would be ideal. And if not, you may have to go down to an hourly type job, which is fine too. But yeah, at least you're making something.
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Yeah, for sure. Yeah, Richard, hang on. Christian's going to pick up and we're going to give you Find the Work You're Wired to Do by Ken Coleman with the Get Clear Assessment to help you maybe, yeah, in just a new direction, kind of take that narrow path and maybe expand it a little and see what else is out there. So good luck to you. I'm so sorry. That is not fun. This is The Ramsey Show.
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So one of the best ways to make the most of your money is by sticking to a budget, creating a budget, sticking to it. It is the roadmap, you guys, for your money. And EveryDollar is the best budgeting app to help you plan to spend your money, track it when you spend, save for what matters most. And it is just amazing.
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So keep a pulse on your spending and really make progress with your goals this year. Be intentional. And EveryDollar, again, it is just... It is my favorite app. I was saying this in our live stream, but I'm not kidding. When I open my phone, you know how you subconsciously go to things on your phone that you don't realize you're in? Mine is Instagram and every dollar.
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They're both green. Yes, I know. But for real, Jade and I both, we use every dollar. We love it. It is. It makes it so easy. I just was doing our February budget. I mean, it's yeah, it is great, you guys. So you can actually download it for free in the App Store or Google Play or click the link in the description if you're watching on YouTube or listening on podcasts.
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Because again, getting great tools with you that are simple and easy and help you make progress. That is like that's where technology is at its best.
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When it's helping you. So yes. Honestly, yeah, make sure to check it out again. That is every dollar. All right, let's go to Tanner in Tampa, Florida. Hi, Tanner. Welcome to the show.
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Don't put that pressure on you at your age either. If you were 65, we'd be like, OK, maybe we can decide what else you'll be in, you know, for the next 30 years, but not at your age. So now don't don't limit yourself to that. Yeah. Smart move. I would say would to be get into something, you know, when I say as soon as possible, usually that means a couple of years of savings.
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So it's not that urgent, but I would be I would be getting in. So tell us about your financial situation. Do you do you have any debt? Do you have savings?
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Awesome. How much do you make a year?
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Yeah. And Tanner, also remember to just because of your season of life, you know, from an age perspective that you want to be in your house, you know, I would say for at least five years, four to five years to get kind of the market, if you will. So there'll be some ups and downs or not really. I mean, yeah. And just you pay so much at closing.
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to make sure that you kind of get enough equity built in that it makes sense. So are you in a pretty stable job? Do you think you'll be in the Tampa area for the foreseeable future unless something changes?
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Okay, that's great. Yeah, well, I would do exactly what Jade said. Start getting that emergency fund in place and then saving up a down payment. And yeah, you never know where life takes you in your 20s. It's a wild decade of life. There's a lot that can happen. A lot of change. But that's exciting, Tanner. And let me say this from all the single ladies that work with me here at Ramsey.
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They're always like, if they're going on a date with a guy, they're always like, he's a homeowner.
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It's hard to be a homeowner these days. And if you're a homeowner and a guy, it's extra points. It just means you're very responsible. I'll throw that out there for you, Tanner.
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Good. Get after it, Tanner. And make sure to, if you want to go check out our real estate home base, you can go to Ramsey solutions.com slash real estate. And we have great agents there. Ramsey trusted agents that can help you in the Tampa area. When you decide to buy Ramsey,
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And also just some articles and podcasts, like just kind of start to learn up on this process of homeownership, because the more knowledge you have, the better.
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This is it. And you know what's funny? Even if it's not the quote unquote dream house and your sentiment isn't lifelong, I've had a lot of friends and their sentiment is, oh yeah, we'll be in here until at least the The kids go to middle school and it's a 10 year house, but then they get four years in and they're like, oh gosh, the schools weren't what we thought. The house is a disaster.
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It's leaking. We're doing a repair. Like you just never know.
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I mean, it is something that you kind of go in with like, you know, this is a big investment. We're going to be as smart about it as possible. But also it don't feel like you're like crushing your dreams. If you set out to think like, oh, we're going to be in this for X amount of time. It doesn't. Life just changes. There's no way to know. Yes. There's no way to know. It's a great point.
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It's a great point. All right. Real quick, let's go to Gregory as we finish out this hour of the Ramsey Show. And he's in Washington, D.C. Hey, Gregory. Welcome. Hey.
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Oh, go ahead. How long has it been in collections?
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Okay. Do you have any money saved, like $400, $500? I have $9 saved, so probably not. Okay. Okay, so what I would do, Gregory, is if you can, I would be getting an extra job.
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I mean, I would be working 80 hours a week, getting any amount of money, because the ones in collections, you're going to have a better time negotiating those down, and depending on how long they've been in it, especially the one that's been in there a year and a half.
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I mean, it's been probably sold four different times to four different companies. It's some guy in a cube in who knows where. I mean, like, it's just, it is long gone, and they will be more likely to settle with you. Super cheap. So that would be probably my first goal.
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And then, I mean, I would tell Discover, I'm going to be keeping my minimum payments, but sorry guys, I'll get to you when I get to you.
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Full-time and overtime. Greg, that's going to be your forever young, if you will. Use that young energy to be working. Thanks to all the guys in the booth. Jade, thank you for a great hour. And we'll see you guys at the Ramsey Network app. If you are on radio, stay tuned and we will see you next hour.
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Okay, so sorry, Catherine. I'm gonna have to put you on hold because we're about to hit a hard break. So yeah, if it is dictated to you, then cut that in half and half of that would go towards your 15%, if that makes sense. So sorry to cut you off to get you there, but I hope that helps, Catherine. Thanks for the call.
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Welcome back to The Ramsey Show. I am Rachel Cruz hosting this hour with Jade Warshaw, and we are taking your calls at 888-825-5225. Up next, we have Richard in Tampa, Florida. Hi, Richard. Welcome to the show.
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How much do you have currently in your retirement?
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And then you're using your wife's income for you guys to keep afloat bills and stuff. Is that right?
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Okay. And the military pension. Okay. Okay. You know, I'm not mad at a catch-up. Considering your age and you guys want to retire in the next, you know, four, five, six years. Because you don't, I mean, $117,000 won't get you into retirement. So I understand the aggressive catch-up to get there. My only concern, Richard, is do you guys own a home as well as having the RV?
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Your Future Self Deserves Better Choices Today
Okay. Where did that money go from the sale of your home?
The Ramsey Show
Your Future Self Deserves Better Choices Today
So I'm just thinking, okay, so my only hesitation is, and again, you can do this later through your investments after you retire and But one thing to consider is that the one line item in your budget going into retirement that we want stable is housing. And I just wonder if a camper is going to be literally your housing until the end of life. And it probably won't be.
The Ramsey Show
Your Future Self Deserves Better Choices Today
So I would be thinking towards we're going to have to buy something. Very small and inexpensive, but coming out of this retirement savings eventually. And again, it may be in 15, 20 years, but think about the market continues to grow. So housing is only going to get more and more expensive.
The Ramsey Show
Your Future Self Deserves Better Choices Today
So that's my only concern about this plan in general is something that just to be thinking about that, you know, your primary residence is something that's going down in value.
The Ramsey Show
Debt Isn't The Problem - Your Mindset Is
All right, Dave, you have some strong opinions. Possibly, yeah. Yeah, I think so. Okay, because you really prefer credit unions over big banks. So why is that?
The Ramsey Show
Debt Isn't The Problem - Your Mindset Is
Yes. Well, and I think we have found one that is incredible, and that's Fairwinds. They are an incredible credit union that is really out with the heart to help the customer.
The Ramsey Show
Debt Isn't The Problem - Your Mindset Is
Yeah, absolutely. And you're right. Their customer service is unbelievable. Winston and I just signed up and we got an account. And I'm not kidding. It took less than five minutes. It was so user-friendly. The step-by-step approach was unbelievable. And then the next day, my phone rings and it says Fairwinds on my phone.
The Ramsey Show
Debt Isn't The Problem - Your Mindset Is
So I answered it and talked to someone there and they said, yeah, they give calls to every new customer. And so again, they just really care about your experience. And I so, so appreciate that. So again, you guys, I know it can be a pain to switch banks or to open up new accounts, but Fairwinds, again, they make it so easy.
The Ramsey Show
Debt Isn't The Problem - Your Mindset Is
Plus anything that you can do at a traditional branch, you can do with them at fairwinds.org or on their app. And you'll have free access to over 33,000 ATMs.
The Ramsey Show
Debt Isn't The Problem - Your Mindset Is
Yeah, you guys, it's so easy to join Fairwinds no matter where you live. So go to fairwinds.org slash Ramsey to learn more. That's F-A-I-R-W-I-N-D-S dot org slash Ramsey.
The Ramsey Show
Debt Isn't The Problem - Your Mindset Is
There's a time in your life and in the baby steps for renting, but you don't want to do it forever because when you rent, you're still paying for a mortgage, just somebody else's. Plus, rent means instability in your budget because it always goes up, never down. So when you're ready to buy, make sure you work with a mortgage partner you can rely on. Churchill Mortgage.
The Ramsey Show
Debt Isn't The Problem - Your Mindset Is
Churchill is Ramsey Trusted to help you make the move from renting to home ownership wisely. Churchill understands that when you buy a home the Ramsey way, your mortgage payment will be a consistent, manageable part of your monthly budget. Plus, when your home is paid off, that was your largest expense.
The Ramsey Show
Debt Isn't The Problem - Your Mindset Is
Now it's extra money in your pocket and an asset towards turning you into a Baby Steps millionaire. So get started on the American dream of home ownership today at churchillmortgage.com. That's churchillmortgage.com.
The Ramsey Show
Debt Isn't The Problem - Your Mindset Is
Yes, I have, George. Sketchy and never trust them.
The Ramsey Show
Debt Isn't The Problem - Your Mindset Is
Yeah, they do. Delete.me actually goes in and removes your information from data broker websites. And it is an incredible service that everyone needs.
The Ramsey Show
Debt Isn't The Problem - Your Mindset Is
That's right. And then once they remove your information, then they're going to send you a detailed report telling you where they found your information, when they removed it, how many hours they've saved you. I mean, it is incredible. So detailed and it's beautiful.
The Ramsey Show
Debt Isn't The Problem - Your Mindset Is
Absolutely amazing. And Winston and I now get fewer texts, weird emails, spam calls, all of it.
The Ramsey Show
Debt Isn't The Problem - Your Mindset Is
It's amazing. So again, that's joindeleteeme.com slash Ramsey. Make sure to check it out, you guys.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
So, yeah, the medical and the credit card is probably where you can do the most negotiating options. Gosh, the student loan, $140,000, I almost would put that on hardship deferred. I wonder with the medical stuff, if you're able to do anything there. I'm just trying to get you to a place where you can get at least stability of just the payments before even looking to attack it.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Because to your point with all of this, I don't even know if she's making enough for that.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
And what are you doing for a job? Like what was your degree in? I'm a nurse. You're a nurse. Okay. What type of nurse are you? I'm an LPN. Okay.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
I could, but I still... Um, according to like their ads in terms of pay, it's not much different.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
I mean, they're making insane money, insane money. So Rachel, I would be doing your research hardcore into that.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yes, because I'm so glad you're a nurse because that gives such a range of possibilities of what you can be making. And I'm thankful that that's the case because, yeah, some of these travel nurses, man, they do it for, yeah, two to three years and they make so much money.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
So, no, I would be researching into that heavily because that's that's going to be the biggest thing, Rachel, to get you out of this is the income side. And again, that's the positive of your situation is I think that it is out there, whether it's working overtime, like you're saying, George, or. just finding a new line of work within nursing that pays more.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
But that's going to be your, yeah, I mean, you're going to find more money doing that, Rachel, figuring out how to work overtime than doing like Instacart shopping, like what we were just saying. So you are qualified to make a lot of money in extra time. So if you're working an extra few shifts, Yeah, that's going to bring it up. And so that's going to be it, Rachel.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
And so it's going to be knocking out this debt, smallest to largest. And again, seeing where you can settle. And you'll probably be able to settle the most with the medical and the credit cards.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yeah. So let's say it gives you like five thousand more just for the fun of it. OK, so that means we'll just say thirty thousand. You owe thirty four. So, yeah, I would take four thousand out of your savings so that it's, you know, you can like after you sell it right, that you can pay off the remaining of the debt, get the title to the new people and you're done free and clear.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
What's the financial? I think I know the answer. I just want to hear it from you. What is the financial advisor saying why you shouldn't be paying cash?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yeah. What's the taxes? What was he saying? Taking money out. You'll have to pay taxes on the money you have invested. Yeah.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
And then just I mean, I would just go buy like a five thousand dollar car. Yeah.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Mm-hmm. Yeah, from a relational standpoint is what that ends up being.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
So I think one of the things that's hard, that's not so black and white when it comes to this argument of the investment and the interest rate and all of it is what you can't put into an Excel file in a formula is peace of mind and autonomy of just having the ability, right, to own everything you have, including your largest asset, right?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Probably the one nearest to a family's heart of safety and security is your home, right? Like it's literally the roof that you go under to live and raise your family. Like it is such a personal part of your life. And to have that and have such peace with knowing that there is no money owed on it that you have the ability to, you just can't put that away. into a financial formula.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
And then the other thing I would say, Ben, is we've done the largest study of millionaires ever done. And one of the number one things that people say in order to get them to a place of millionaire status and to continue to build wealth to change their family tree is to pay off their home. So people are looking to do this. This is a goal people have.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
And it's such an outlandish goal because so many people don't have the ability to do it right now. So it's a seven-year goal, right? So the fact that you all can do that today, it just puts you so ahead, so ahead of where you are. And what's wild, too, is just running the formula of, okay, let's just say you –
The Ramsey Show
You Can’t Borrow Your Way to Freedom
let's pretend that, yeah, you invested the mortgage payment every year or every month, right? And how quickly you could build back up your savings even by just doing that. And so, yeah, I think it is scary because it is a lot of money that you're just putting out there, but you're putting it into an asset that continues to go up in value.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
And the market right now, I mean, if you have the money, it's a great time to buy because it's so volatile, right? Even in the last, with all the tariff stuff, even in the last like two weeks, it's just up and down. It's just crazy. And so if anything, I would want more stability in my life and having a paid off home gives you a huge level of that. And so, but that's the hard thing is you can't,
The Ramsey Show
You Can’t Borrow Your Way to Freedom
where a financial advisor usually is looking at the math and the numbers and the percentages, you can't put the emotional part of money into that. And so that's the point that I feel like is always a hard turn for people to understand. But you know what I would tell her too, Ben?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
If she would, which I know this is a big deal, but I would ask her like, hey, since we did the mortgage on the last house, can we do the paid off home, pay for cash this, and let's give it...
The Ramsey Show
You Can’t Borrow Your Way to Freedom
nine to 12 months and if we hate it if we hate having a paid for house like it's just the worst thing in the whole world go go take a mortgage out on it like you can do that yeah you can always go backwards and do that and i'm telling you he's gonna be like no this is great i'm with rachel on this and ben i'm curious do you have all this money invested with your financial advisor Yes. Okay.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Well, then there you go. Well, so now you don't have to. Yeah. So you don't have to you don't have to spend it. And you guys have 10 grand. What other debt do you have?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
No, it does. So I think to George's point, I think your wife can understand that regardless of how the money was came to be. And we and we don't know the heart of this financial advisor either.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yeah, there's a nature of the job that is very understandable that I think anyone can kind of grasp and understand. Right. So there's that piece. And then for her, I mean, you know, I would say that the legacy of what her of continuing her parents legacy. This is a beautiful way to do it.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
It's almost like they purchased this home for you all, right? In a sense that you get to raise your family in. There's something beautiful in that. And the fact that if you guys continue down this road and continue to invest and be smart about it, maybe you all can pass that legacy on to your kids, right?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
You can continue this snowball effect of something that was so horrific and so terrible forever. to be able then to do something beautiful and redemptive about it. And in my head, I'm like, as a parent, I would want my kids to have the least stressful life financially if they can. And that's partly making smart decisions with money on your day-to-day basis.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
But it's also when you go and purchase really large items, cars, houses, to do it in the wisest way that becomes a blessing and not a curse. And this is doing that for you all. Do you know what I mean? So I see it as a... as a beautiful tool.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
And for her, I can't imagine her story and the fact that it was, you know, as a child and growing up without your biological parents and it ending in such a tragic way. I mean, all of that, there's so much there. And so the grief and the attachment is totally understandable emotionally. And this is going to sound harsh, Ben, but I am going to just say it.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Sometimes our emotions are the worst drivers when it comes to financial decisions too. Yeah. And so we don't want our emotions driving things. Sometimes it is leaning back on looking at, okay, what's better overall for our entire financial picture? Because people do a lot of things out of fear, grief, stress, right?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
We look at these emotions and they don't always, they're indicators and they're the lights on our dashboard of saying, hey, this thing is lighting up and that's something to be curious about and dig into on your own personal story and what's going on with you. I think that's important, but we don't want it to be the only thing driving our financial decisions because usually it's not
The Ramsey Show
You Can’t Borrow Your Way to Freedom
All right, Dave, you have some strong opinions.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yeah, I think so. Okay, because you really prefer credit unions over big banks.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Well, and I think we have found one that is incredible, and that's Fairwinds. They are an incredible credit union that is really out with the heart to help the customer.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yeah, absolutely. And I love that the things that we teach, they so line up with. And you're right, their customer service is unbelievable. Winston and I just signed up and we got an account. And I'm not kidding. It took less than five minutes. It was so user-friendly. Like the step-by-step approach was unbelievable. And then the next day my phone rings and it says Fairwinds on my phone.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Okay, perfect. Well, what's crazy about this, you know, all of this math that you have, yeah, you'll only have $5,000 of credit card debt left because you'll put nine of your savings towards it. Okay. And, yeah, you'll be doing great. And that's if you're not underwater. That's right. You will have to put – yeah, yeah, yeah. You may have to put $4,000.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
So I answered it and talked to someone there and they said, yeah, they give calls to every new customer. And so again, they just really care about your experience. And I so, so appreciate that. Plus anything that you can do at a traditional branch, you can do with them at fairwinds.org or on their app. And you'll have free access to over 33,000 ATMs.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yeah, you guys, it's so easy to join Fairwinds no matter where you live. So go to fairwinds.org slash Ramsey.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
And today's question comes from Michael in North Carolina. Is it wise to open up a 0% interest credit card to handle a big expense with the intention of paying it down before the interest kicks in? My partner can't understand why this is a horrible decision. We need chimney repairs and it's going to cost up $4,500. We have enough saved to pay with cash.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
She doesn't want to use that money because she thinks it's the emergency fund should be able to be used, only can be used in case of a job loss. How can I convince her that it can also be used for repairs like our leaking chimney?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yeah, emergency fund is for things that are, what's our four things? Urgent.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Unexpected. Urgent. Necessary. Necessary. And I would say a chimney. I'm going to say it's necessary. I feel like there could be a lot of house fires if this thing goes wrong.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
With the other thing. That's it. That's the illusion that debt can cause is that we are okay because we may have some money, cash in the bank, but you're at risk. When you owe people money, like there is still a level of risk involved that if something were to happen, and let's say you had to use your emergency fund because there actually was a job loss and you hadn't paid off the credit card.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Now there's a job loss with no emergency fund and a credit. You know what I mean? So just like, just start it.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
And I grew up charismatic. The comment section will back me up on this.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
So what's he going to do? What's he thinking? Do you have a big nest egg? Do you have a pension from teaching? Do you guys have 401k?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
He has a Roth. Okay. How much is in that? I don't know.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Okay. He said zero. Okay. He said $0. Is he with you right now? He doesn't want to speak.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
How are you guys paying for food right now in the mortgage?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yeah, which is a I don't know, but he's a service tech. Is that what you said?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Service manager. OK, OK. OK, well, number one problem, Julia, is you got some of the questions I was asking of how much is in the Roth. How much does he make a year? You said, I don't know. And you would just guess. I don't know. One hundred and thirty. I don't know. I think he's saying zero. Like you guys haven't really talked about specifics of money, have you?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yeah, totally. Okay, so, number one, we have to get on the same page of just saying Julia is... in a place where she's scared. She doesn't know what's going to happen. You guys still owe $325,000 on your house. You have nothing saved for retirement. You're in your late 60s, like lots of red flags, you know, risk, risk, risk, scared, scared, scared.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
And that's, is that after taxes and everything? Yeah. Okay. That's what you're bringing.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
It's Yeah. So there has to be. Okay. So that's where you're at. We need to figure out and you need to figure out as his wife, where is he at?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Is it that there's a level of not knowing and that's very intimidating of what to do at retirement, you know, whatever that is, but he needs to be honest with himself on what is causing him not to think about it because there's a reason why some people don't want to think about it because they don't want to think about death. So they don't want to do wills and they don't want to do a state plan.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
You know, like, I mean, there's a reason why people don't do things. So
The Ramsey Show
You Can’t Borrow Your Way to Freedom
understanding that and then you guys have to come together to say we are both adults and we have to plan it is part of it's part of society we want to be able to eat when we're 80 years old and not have to work our whole lives so what do we need to do to get into place yeah so we need to probably get with a financial advisor and get with someone who knows what they're doing they live and breathe this stuff to be able to say hey
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Let's map out how much you guys need to be putting away per month to get you to a place that is comfortable with retirement. But the truth is you guys are going to have to work another 10 years to even probably get that. So I would be doing that, Julia. And you can't change him, okay?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
So if he will not get on board on any of this, Julia, that's when we always say separate the finances at that point. And then there's a point that you have to get a job and you have to retire yourself, Julia. Thank you. Yeah, it's hard.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Nobody loves to spend more like Rachel. At what point do you put it into the budget? I mean, I would be okay having a little bit of breathing room of, I don't know.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yeah, for sure. Yeah, I mean, I would say with Baby Step 2, there's a little bit of that, like, I think the longer you're in debt, probably the more lenient I am of having some fun money. Because if you're doing this for eight years, seven years, like Jade, right? Jade and Sam were seven. You know, people that are five years older,
The Ramsey Show
You Can’t Borrow Your Way to Freedom
like there's a reality six months yes exactly there's a reality of life like if this is going to be a long thing like when are the times we just need to come up for air in order to go back down to stay longer down you know in the in the grind but yeah if you're able to get out of debt in like six months i'd say nothing for six months so you can do anything we've been in and out of debt well there's a problem jamie why yeah
The Ramsey Show
You Can’t Borrow Your Way to Freedom
So for now, Jamie, your next big financial goal is to get that fifteen hundred dollars up to three. I would probably lean more that five to six month, which will take you guys longer of an emergency fund versus the three. Just because of the kids, there's one person is the one making the income. And I don't know, there's just a little bit of that.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
kind of anything that's a volatility or a level of risk. Not that we say our children are risks, George. We would never say that.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
There's a level of, yes, if something were to happen, we have other people that we need to take care of, not just ourselves. So I would go up more to that five to six month. And then from there, yes, start thinking about investing and to say, okay, where can we put some of this money, 15% of our income?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
And that will be probably sitting down with the SmartVestor Pro and just looking at Roth IRAs, 401ks, like kind of just, I mean, I would just start at the basics and you guys can understand that pretty quickly. It's not too confusing, but having someone help you in that arena, I think is really smart.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
But for now, for you guys, I mean, you're still on baby step three, is what we would say from the baby step. So I probably wouldn't have a ton of fun money. I mean, I would have some just to be able to,
The Ramsey Show
You Can’t Borrow Your Way to Freedom
What is he doing for a job, Jamie? You said he's working two different jobs.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
As his main full-time. Okay. Is UPS 40 hours and the mattress store is on top of that? So is he working like how many hours a week would you say, 50, 60? Yeah.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yeah, I think that's a good idea. Because ideally, you know, especially when you're past baby step three, a sustainable 40-hour a week to support your life, that's going to be, you know, for a long-term perspective, what you're shooting for. Not working 60 hours a week just to make ends meet. Yeah, we don't want that.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yes. Are you seeing like a counselor or therapist for everything? Yeah. That's okay. I would ask them about it because you're right. You're like, I don't want to open up. Something psychological that makes me go off the rails. Right. You know, you don't want that. But to have the safety of a licensed therapist or counselor to kind of be the one to help.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yeah, I would be curious what they would say about it.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yeah, and Jamie, hold on the line, and we'll get your husband, Ken Coleman's book, Find the Work You're Wired to Do, because in the back, there's a great assessment that's fantastic about where your skills and your passions, everything, that kind of lines up.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
So if you stay on the call, Christian will pick up, and we'll give you guys a copy of that as he kind of starts looking at a holistic picture of his career.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Well, for him, I mean, he needs to be working 40 hours somewhere to be bringing in money for you guys to pay off the set and get a good emergency fund in place. So even if it's not contracting, he doesn't need to be just sitting and waiting on jobs. I mean, he needs to go do something. You know what I mean?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Or like, yeah, I mean, I don't. Yeah. The thing with these kind of scenarios, I never say like, is it OK? Yes or no to go see family. I think it's just a moral issue. No, it's just how fast do we want to get out of debt? I mean, how how much money are you guys spending on these trips? Like one trip to see your family, how much would that be? Five grand, two grand, one grand?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
A thousand dollars? Okay. And you're doing that twice a year. So we're talking two to $3,000 a year.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yeah. I mean, again, I think it's one of these things with any level of and I would probably put this in the category of like a luxury because is there anyone sick? Like, is there like a oh, my gosh, like we're going to go visit.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yeah. Yeah. Yeah. Which is totally fine. Um, so yes, I think it's one of these things. If you and your husband agree that two grand a year, um, is going to put us back, you know, what, two months probably in a debt payoff in general. Like, is that, is that trade off worth it? And yeah, I mean, I would probably say, yeah, I mean, you know what I mean? Like, I don't know.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Like we've said, like if people are getting married out of state or like there's a destination wedding or there's a funeral, right, there's reasons to travel. And it's usually for more of a celebration or a event that is once in a while, you know, something is happening.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
So Robin, you, I feel like you guys are very detail oriented. You're, you know, your numbers really well. What is the, when do you think you guys are going to be completely debt free? And it does the two 34 includes your mortgage or is that all consumer?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
No, she said $5,000. Two to $5,000. She said $5,000. Yeah, but he's making $20,000. Why do you guys have $15,000 of expenses every month?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Okay. And how much is the school a month? $1,500 a month. Okay. So there's $10,000 left, Robin. At least. Where is that? And $5,000 we'll say is going to the debt. So they're living on $5,000. George isn't happy. Robin, George is not happy. It's going to take you guys six years to get out of debt.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
And George doesn't know how to do anything. There's lots of Georges in America. They don't know how to fix anything.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Okay, that's good. Okay, so then they're living on three. But can I do the math for you?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
But you're doing the every dollar budget, right? Yes. So you're seeing it.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
How much is that? Hey, Robin, how much could you get for the car right now? If you Kelly Blue Booked it, what do you think? Have you Kelly Blue Booked it? Probably not.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
The $40,000 car. Say that again. You would only get $20,000 for it?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
And I owe $20,000. Oh, okay, okay, okay. I hear you, I hear you, I hear you, okay. There's two cars for $20,000 each. I hear you, okay. So $10,000 for yours, and then what would he... And $20,000 for his. And $20,000 for his. And $21,000 on his. Okay. So the way, you know, you could look at this is the $40,000, which you'd have to put $10,000 because you're, you know, underwater $10,000.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
But that's $30,000, which, George, to your math of what you're saying, would be, you know, the way she's going at $5,000 a month, you would save six months by just selling the cars. You could save six months of being in debt. So let's do that, Robin. And that would show, George... that you are serious. I need some skin in the game.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Robin, if y'all sold these cars in the next 10 days, then you're serious, okay? That would be like, yes, we are scorched earth. We are doing anything and everything to get out of debt. And that would be the move to make. That's saving six months of your time of being in debt. It's just from cars. So that has to be your mindset. George, how are you feeling? You okay over there?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Still a little heated. Breathe, George. Breathe. Just breathe. Take some deep breaths, George. So that's Robin. That's the kind of stuff we're talking about. And then from there, and if you can get out of this franchise, it's feeling like it's sucking up money and... Your husband's already working like four jobs, what you're saying. So you guys have a lot of busyness and clutter in your life.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
So I would simplify everything and live a peaceful life.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yeah. And getting rid of this car, Amanda, is going to free you guys up a lot. I mean, $900, that's a fourth of your take-home pay is going on a car payment.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
What an American story, George. We pay as much for our car payments as we do our mortgage payment. Well, Amanda, I'm glad you called. I hope that helps just to kind of get this ball moving for you guys. And again, any extra income is going to help. But you guys are doing well. I mean, the car's got to get out of here. And then $900 is freed up to... put on the debt.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
And making what kind of money during that time?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
And what did the $203,000 consist of, of debt? It was our house. Oh, my gosh.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
There you go. There you go. You know, it's funny you say that because I talk about in my book, Know Yourself, Know Your Money, about why we want to win with money. And for some people, it's pure safety. It's like, I just want to feel safe. And then for some people, it is more of this, I say status.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
It's not a bad thing, but it's like, I want to win so that I can enjoy my life and do things with that money. So I feel you. I feel you, Jacques, on that. That's great. I love it.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
That's amazing, you guys. Okay, so what happened 52 months ago that caused... this whole journey of being weird people.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
He's like, I'm hooked to her. So I got to do it. No, there was a level that you were probably like, this sounds great.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yes. Yeah. So the autonomy feels great. It's just like you're on your own. There's no banks attached. So you're like.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
And then if Ray is the best handyman in town, he's been making good money.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
And in that 52 months, was there consumer debt that you guys paid off first?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
No, it is. You know, it's wild, though, Amanda and Ray, if you're listening. So even in our neighborhood, you know, there is a recommendations group, me, like a specific group just for recommendations just within our neighborhood. And the amount of recommendations we get for plumbers, I mean, you go through the list of of things that people are asking, hey, do you know someone that does this?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Actually, I like that diet better. That's an upgrade, I think. That sounds better.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Okay, did you guys tell people what you were doing during this time? Were there people on the journey that were kind of cheering you on? Did you kind of keep it to yourself?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
That's incredible, you guys. Absolutely amazing. Thank you. We are excited.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Isn't that funny? It's the satire of America though, right? That skit of like, so if I have the money, can I buy it? Like, yes, if I don't have the money, can I still get it?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Only one page. If you don't have the money, don't buy it. And so living that mantra.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Oh my gosh. And you guys, I mean, this is really, when we talk about changing your family tree, this is the big one. I mean, maybe step seven is where you really see it without a house payment. Starting to set you guys up well for the future and your kids. You guys have two. We met them earlier in another break. Two beautiful girls. You want to bring them up? Come on, girls.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
This was a big thing for them too. You guys have beautiful, beautiful family. Thank you. Well done, you guys. Well done.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Like, it's out there. People are willing to pay for it, so...
The Ramsey Show
You Can’t Borrow Your Way to Freedom
As she should. As she should. Oh, incredible. Absolutely incredible.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
I know. I mean, it's just wild. You know, we had a call that we're like, should we pay cash for our house? We have the money, but we kind of just want to take it out because of the interest rates. People just talk around this stuff. And when you do it, I bet you anything, they don't want to go back into debt, right? I mean, it's like, once you do it, you taste that freedom and autonomy.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
They're free. Absolutely free. I love it. And Baby Steps Millionaires in the process. Look at that. Incredible.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yeah, which you're actually going to be great at and enjoy, right?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Because sometimes you do a side hustle and it's kind of miserable. You're doing it just to make some extra money to pay off the debt. And there's a reason for it. But if you can enjoy it in the process, how much better is that?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
I heard George had a quiz, and I said, I'm going to be a good friend, and I am going to go through this quiz. It gave me like when I was a teen, we'd have like 17 magazine, and they'd always have quizzes in the back. I love the good quiz. You know what I mean?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yeah, it was just like, you know, what kind of dream man, you know, do you like or whatever, right? Or like, what's your, I don't know, it would be all these like teen type quizzes. So gave that energy, George, a little bit more professional.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Okay, so my best side hustles. Are you ready for this?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Hold on. I've got to swallow my tea to make sure I don't spit it out.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Okay, I guess Rachel's the professional. No, this is mine. I was shocked as well. I am a professional. You're questioning.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yes. You're refining skills. So business consulting, career coaching, financial coaching, investment, counseling. That sounds right, huh? Nannying. And I'm a mom of three. Sounds right. I'd be a great nanny. Event planning.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yes. Working part-time, exploring a new career path. So just in general. Okay. And then my at-home side hustles would be teaching English.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
I know English well. And then freelancing. So just finding something that I can do. But this was great. And I am a professional, George. What are you? Are you a professional? No, you're not.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Oh, I put I had more time to do my side hustles than you.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
This is a good quiz, George. Why do you feel like this quiz is failing America?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
It's not saying this is... Yeah, it's just flipping a breaker. George isn't even great at that. But you know what?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
It's good. I'm so distracted because transcriber. Are you a Friends fan? Your sign failed.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
When they played the game, Boys Against Girls, and one of the questions was, what is Chandler being due for a living? And they couldn't remember, and Rachel was like, he's a transcriber. And I thought she said he's a transcriber, but it wasn't, because that's not even a word.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
When you said transcriber, I just went and played that entire Friends episode through my head as you were talking.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
I was like, What was that answer that Rachel gave?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Transponster. That's transponster. Transponster. A transponster. And then Monica's like, that's not even a word.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
You're doing great, though. Send the people to your quiz.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Do you sometimes have to let it pause and let it sit there for a little bit?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Go check it out. No, but it is great. It is awesome, George. Well done. Thank you. And I'm a professional.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
The Rachel Cruz. Get out. The professional Rachel Cruz. Possibly the event planner Rachel Cruz, but that is me. Yes, Brian. How can we help today?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yeah. What's her housing situation, Brian? Is she renting? Does she own?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
And what is she doing for a job? What is she with the dementia kind of going in and out? What's her, what's her job?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Oh, wow. Okay. Okay. And what's her health, Brian? I mean, I know with dementia, I can, um, It can vary. But do you guys do you think she she has another 10 years or do you think she's not doing well?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
And are you and your are you and your sister in a good place financially to help in the meantime if she needs it?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
That's why I was shocked. You're coming back and saying people didn't tip.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Yeah, for sure. I mean, $900, that'd be nice to have, right? Versus it going to a car payment. Okay, so you said it's valued at, I think you said it's valued at $34,000, but then you looked on AutoTrader and it's at $25,000.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
I have just over $250,000 in debt, and I recently received a summons for medical debt. So I did speak to a few attorneys, and they're all suggesting bankruptcy. I've listened to you guys long enough to know that that's usually not a suggestion. I'm just kind of curious as to where I go from here.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
I have about $27,000 in credit cards. I have $6,500 in a car loan, $13,000 in a personal loan. I got $78,000 in private student loans and $65,000 in federal loans. In federal loans, okay. Yep. So over what, 40?
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Pretty much. Oh, man, Rachel. Okay. How much are you making a year? I would say I make around 78, so I can tax probably like 60, maybe 59. Okay. You're kind of breaking up, Rachel. Yeah, I want to make sure we get these numbers right. You're bringing home about $5,000 a month.
The Ramsey Show
You Can’t Borrow Your Way to Freedom
And same with the credit cards. I mean, the $27,000 in credit cards, I would, if you are defaulted on any, Rachel or behind, call those first and ask them for a settlement. Or if you have any extra, like if you had a bill, you know, a $6,000 credit card,
The Ramsey Show
You Can’t Borrow Your Way to Freedom
Just pretend that you were behind on, and I don't know what your savings situation is, but even if you had three grand, half of it, call them and say, hey, I can settle today. And as you do that and save up a little bit, most of these credit card companies, especially if it's in default, they actually would settle, sometimes pennies on the dollar, depending on how long it's been not paid.
The Ramsey Show
Slow and Steady Wins the Race Every Time
Yes, I have, George. Sketchy and never trust them.
The Ramsey Show
Slow and Steady Wins the Race Every Time
Yeah, they do. Delete.me actually goes in and removes your information from data broker websites. And it is an incredible service that everyone needs.
The Ramsey Show
Slow and Steady Wins the Race Every Time
That's right. And then once they remove your information, then they're going to send you a detailed report telling you where they found your information, when they removed it, how many hours they've saved you. I mean, it is incredible. So detailed and it's beautiful.
The Ramsey Show
Slow and Steady Wins the Race Every Time
Absolutely amazing. And Winston and I now get fewer texts, weird emails, spam calls, all of it.
The Ramsey Show
Slow and Steady Wins the Race Every Time
It's amazing. So again, that's joindeleteme.com slash Ramsey. Make sure to check it out, you guys.
The Ramsey Show
Don’t Wait for Someone Else To Fix Your Life
There's a time in your life and in the baby steps for renting, but you don't want to do it forever because when you rent, you're still paying for a mortgage, just somebody else's. Plus, rent means instability in your budget because it always goes up, never down. So when you're ready to buy, make sure you work with a mortgage partner you can rely on. Churchill Mortgage.
The Ramsey Show
Don’t Wait for Someone Else To Fix Your Life
Churchill is Ramsey Trusted to help you make the move from renting to home ownership wisely. Churchill understands that when you buy a home the Ramsey way, your mortgage payment will be a consistent, manageable part of your monthly budget. Plus, when your home is paid off, that was your largest expense.
The Ramsey Show
Don’t Wait for Someone Else To Fix Your Life
Now it's extra money in your pocket and an asset towards turning you into a Baby Steps millionaire. So get started on the American dream of home ownership today at churchillmortgage.com. That's churchillmortgage.com.
The Ramsey Show
Don’t Wait for Someone Else To Fix Your Life
Yes, I have, George. Sketchy and never trust them.
The Ramsey Show
Don’t Wait for Someone Else To Fix Your Life
Yeah, they do. Delete.me actually goes in and removes your information from data broker websites. And it is an incredible service that everyone needs.
The Ramsey Show
Don’t Wait for Someone Else To Fix Your Life
That's right. And then once they remove your information, then they're going to send you a detailed report telling you where they found your information, when they removed it, how many hours they've saved you. I mean, it is incredible. So detailed and it's beautiful.
The Ramsey Show
Don’t Wait for Someone Else To Fix Your Life
Absolutely amazing. And Winston and I now get fewer texts, weird emails, spam calls, all of it.
The Ramsey Show
Don’t Wait for Someone Else To Fix Your Life
It's amazing. So again, that's joindeleteme.com slash Ramsey. Make sure to check it out, you guys.
The Ramsey Show
Skip the Scams, Build Real Wealth
All right, Dave, you have some strong opinions. Possibly, yeah. I think so. Because you really prefer credit unions over big banks. So why is that?
The Ramsey Show
Skip the Scams, Build Real Wealth
Yes. Well, and I think we have found one that is incredible, and that's Fairwinds. They are an incredible credit union that is really out with the heart to help the customer.
The Ramsey Show
Skip the Scams, Build Real Wealth
Yeah, absolutely. And you're right. Their customer service is unbelievable. Winston and I just signed up, and we got an account. And I'm like, Kenny, it took less than five minutes. It was so user-friendly. The step-by-step approach was unbelievable. And then the next day, my phone rings, and it says Fairwinds on my phone.
The Ramsey Show
Skip the Scams, Build Real Wealth
So I answered it and talked to someone there, and they said, yeah, they give – calls to every new customer. And so again, they just really care about your experience. And I so, so appreciate that. So again, you guys, I know it can be a pain to switch banks or to open up new accounts, but Fairwinds, again, they make it so easy.
The Ramsey Show
Skip the Scams, Build Real Wealth
Plus anything that you can do at a traditional branch, you can do with them at fairwinds.org or on their app. And you'll have free access to over 33,000 ATMs.
The Ramsey Show
Skip the Scams, Build Real Wealth
Yeah, you guys, it's so easy to join Fairwinds no matter where you live. So go to fairwinds.org slash Ramsey to learn more. That's F-A-I-R-W-I-N-D-S dot org slash Ramsey.
The Ramsey Show
Skip the Scams, Build Real Wealth
You spent years trying to get everything just right for your family. Now you need an easy way to make sure your important financial documents are as organized as the rest of your house. Well, good news. Knockbox, that's N-O-K box, as in next of kin box, is a complete system that helps you be sure that you leave happy memories, not a mess, when you pass away.
The Ramsey Show
Skip the Scams, Build Real Wealth
Knockbox is a simple way to organize important paper and digital documents, IDs, tax returns, insurance policies, estate plans, accounts, and other personal history in one manageable place. Your family will feel your love in every detail you take care of. So start taking care of them at knockbox.com slash Ramsey. A well-organized legacy is a gift to your family. That's knockbox.com slash Ramsey.
The Ramsey Show
Skip the Scams, Build Real Wealth
Hey, you guys, health insurance costs are only moving one way, and that way isn't down. And if higher costs aren't enough, the wait times to see your doctor are longer, and it's harder than ever to get anything approved through the bureaucracy. So if you feel like the system is working against you, try a biblically-based alternative to health insurance. Christian Healthcare Ministries.
The Ramsey Show
Skip the Scams, Build Real Wealth
CHM is a health cost-sharing ministry that's helped hundreds of thousands of families like yours take care of over $11 billion in medical bills since 1981. And CHM has also helped them stay true to their values and avoid miles of red tape. And CHM support goes far beyond meeting financial needs. They'll also help meet spiritual needs.
The Ramsey Show
Skip the Scams, Build Real Wealth
Members become part of a family who will pray with them and for them when they experience a medical event. So listen, y'all, there's no better way to take care of health care costs. CHM programs start as low as $98 a month. So learn more today and join at chministries.org slash budget. That's chministries.org slash budget.
The Ramsey Show
Stop Letting Excuses Steal Your Wealth
Yes, I have, George. Sketchy and never trust them.
The Ramsey Show
Stop Letting Excuses Steal Your Wealth
Yeah, they do. Delete.me actually goes in and removes your information from data broker websites. And it is an incredible service that everyone needs.
The Ramsey Show
Stop Letting Excuses Steal Your Wealth
That's right. And then once they remove your information, then they're going to send you a detailed report telling you where they found your information, when they removed it, how many hours they've saved you. I mean, it is incredible. So detailed and it's beautiful.
The Ramsey Show
Stop Letting Excuses Steal Your Wealth
Absolutely amazing. And Winston and I now get fewer texts, weird emails, spam calls, all of it.
The Ramsey Show
Stop Letting Excuses Steal Your Wealth
It's amazing. So again, that's joindeleteme.com slash Ramsey. Make sure to check it out, you guys.
The Ramsey Show
Stop Letting Excuses Steal Your Wealth
There's a time in your life and in the baby steps for renting, but you don't want to do it forever because when you rent, you're still paying for a mortgage, just somebody else's. Plus, rent means instability in your budget because it always goes up, never down. So when you're ready to buy, make sure you work with a mortgage partner you can rely on. Churchill Mortgage.
The Ramsey Show
Stop Letting Excuses Steal Your Wealth
Churchill is Ramsey Trusted to help you make the move from renting to home ownership wisely. Churchill understands that when you buy a home the Ramsey way, your mortgage payment will be a consistent, manageable part of your monthly budget. Plus, when your home is paid off, that was your largest expense.
The Ramsey Show
Stop Letting Excuses Steal Your Wealth
Now it's extra money in your pocket and an asset towards turning you into a Baby Steps millionaire. So get started on the American dream of home ownership today at churchillmortgage.com. That's churchillmortgage.com.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Hey guys, Rachel Cruz here. All right, I'm about to say what everyone already knows, but budgeting is a good thing to do. Now actually starting, well, that's where people freeze up. And you guys, it doesn't have to be that way. With the EveryDollar budgeting app, getting started is super easy and so is sticking to it.
The Ramsey Show
There’s No Fast Track to Financial Freedom
You can set up your first budget in less time than it takes to go through the Chick-fil-A drive-thru. It's fast. And the best part? With unlimited budget categories, you can customize it to fit your life. Grocery runs, coffee runs, or planning your next family trip. Whatever you have going on, EveryDollar helps you see exactly what's happening with your money.
The Ramsey Show
There’s No Fast Track to Financial Freedom
You'll know what's coming in, what's going out, and what's left over for some fun. Because let's be real, you need some fun in your budget. Every dollar keeps budgeting simple and stress-free, just the way you want it. So go download the app for free and get started today. Again, go download EveryDollar today.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
But it may even look like a townhome or a condo or something. It may not be even a single family home. Or if it is, it's smaller. And it's way more doable because I do think prices with homes, they continue to go up. So I don't want people on the sideline for too long. But a move like this, I think, will open up so much margin for you.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
And you'll be able to have kind of a clear head to go and purchase something again because I do think you'll be in a position soon to buy something.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
So compared to your income, that changes. I mean, that's a thousand dollars freed up right there. And if you, you know, work hard and bartend and maybe do double what you're doing, that's two thousand dollars coming in extra a month to pay off this other debt. Right. It just kind of ends up working so much more in your favor in that way.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
I mean, for your skill sets, would you say you could ROI better out in somewhere else and you're staying because you love this company? Or do you think, no, like I'm worth this amount, even if I transferred to another company?
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Okay, yeah, for sure. Yeah, Tammy, it feels like there's some big moves coming up in the future, which is all positive, though. That's it. I'm like, it's freeing you up more and more, giving you more peace and control, and I think it's going to be an incredible thing. I really do.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
For a period of time, for sure. And then you can save up for a down payment on your next property, and you can just keep that ball rolling. Thanks for the call, Tammy. This is The Ramsey Show.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Well, one way to take control of your money and honestly get the most out of your paycheck is by creating and sticking to a monthly budget. And EveryDollar is the best budgeting app to do that because you're able to build out your budget, track your expenses, save for what matters most, plan your spending, all of it.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
And it's a really easy to use app that fits in your busy lifestyles right there on your phone.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
And if you're married your spouse can have the same account So you guys as you make changes it shows up on both And you just get this pulse of where your money's going and gives you that level of control and to hit the goals that you That you want so you can download every dollar for free in the app store or google play Or click the link in the show notes or the link down below if you're listening on youtube or podcast
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
All right, George, we had a Smart Money Happy Hour episode. You know, we have some that just you can tell have hit a nerve with the world in a good way. And we did one recently on things that scream I'm pretending to be upper class because living a higher lifestyle than maybe what you can afford.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
It's a new trend. It's called quiet luxury, stealth wealth. People that are actually really wealthy, you won't really know it. They don't really have all the flashy stuff that you just look at and you know exactly, oh, that hat, that jacket, those shoes, like you know exactly where everything's from.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
a lot kind of go under the radar you know if you know you know yeah yeah yeah it's kind of that that's like the new vibe which is great i think it's great so uh yeah that's number one number two is ordering expensive wine when everyone knows that you're on a beer budget
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
See, that's not fun though. I do like an appetizer.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Rachel's like, I'll have three appetizers and let's try a bunch of... I do. I love going out to eat.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
I do. Number three is talking about money too much. So it's like, oh, I'm leveraging this debt. You get a rental property. For all this real estate. I think those are like some of the funniest Instagram reels that come up on my feed sometimes where people are like, I'm $6.2 million in debt and we are loving it. And it's like showing all their VRBOs that they've bought in debt and all this stuff.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Yep. Next is flaunting wealth on social media. Ooh. So this is an interesting one because I do think you can, like use vacations for an example.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
You could see somebody at the same destination on social media, but the way they present themselves, again, kind of back to that stealth wealth of like, oh yeah, we're just like, maybe I'm showing you some of the stuff, but it's more of what we're doing or like, you know, the kids and the poor, I don't know, whatever.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
And then there's those that are like, oh, no, I'm going to take you around the suite that we have rented for the week. You know, or, you know, we're going to it feels it just feels like I want to show you this amazing life that I live.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Live from Ramsey Solutions, this is The Ramsey Show, where we help people build wealth, do work they love, and create amazing relationships. I am Rachel Cruz, hosting this hour with my good friend and fellow co-host of the Smart Money Happy Hour, George Camel.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Yeah. He may look like he's driving great when you see him, but behind the scenes, not doing so well. And leasing cars. You know, the number one city. I read this somewhere. So don't. I don't want everyone in Dallas to hate me. Number one city? Of leased cars?
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
I guess. Got those Beamer. You know, you're always leasing like a Beamer Mercedes. It's always like a. I want to.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
No, I don't think so. I don't think they make money off that, George. Okay. And then number six, over-accessorizing, flashy nails, expensive watches, loud hair, or loud hair slash makeup is what's on there. Meaning just... I don't know, just a lot.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
I know. Here's my thing with this though is, I mean, I do that. I get my nails done.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
This isn't real. This isn't real. So, yeah. So, all of these things, you know, can, again, scream I'm pretending to be upper class. So, here's the thing, you guys. Not to be faking upper class. How do we get there and be wise? Because, again, none of these things in and of themselves. I wouldn't say, right? If you, like, order wine at dinner. If you do have a nice designer purse.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Like, none of these things in and of themselves are bad. But when it becomes your whole persona and it's the only thing you're shooting for in life. And, again... that you will put yourself in a financial position that's not wise in order to achieve these things. That's where the caution lights come on.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Yep. Let it be real. And yeah, doing things again, doing a budget, living within your means, saving up for an emergency fund, getting out of debt. So you free up payments. so that you can actually use your money to give, to invest, to buy a house that's actually reasonable for your income.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
You're doing all these things, and again, it's not going to be like this flashy, beautiful, wonderful lifestyle 24-7. It's not going to look like that, but there's going to be this steadiness and this firmness of a foundation under you, and it's not all just shaky and built on other people's money.
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If You Live Fake Rich, You Will Become Real Broke!
that's practical amen a paid for car that's the real flex okay so let yeah so the minivan and everyone knows i love my we know your feelings about minivans yes i do love i love my minivan i think it's great it is wonderful but i will say the plastic on the side of the seats have popped off so two now are so when you get in my van there's like wires and
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If You Live Fake Rich, You Will Become Real Broke!
I know, but I'm like, oh my gosh.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Oh, but it's, you know, but it's paid for.
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If You Live Fake Rich, You Will Become Real Broke!
What am I trying to do here with my life?
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
All right, if you are watching on YouTube, comment below because we want to know some of your, you know, things that you see out and you're like, huh, are these people trying to be upper class and they're not?
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If You Live Fake Rich, You Will Become Real Broke!
The lifestyle fakeness that's out there. And I would say a good bit of it's probably on social media. Can we be honest with that?
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If You Live Fake Rich, You Will Become Real Broke!
George, if we could all be as wise and as disciplined as you.
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If You Live Fake Rich, You Will Become Real Broke!
All of it. But you can check out our Smart Money Happy Hour episode as well on YouTube and podcasts where we dive into this conversation even more. This is The Ramsey Show.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
The Employee Benefit Research Institute recently did a study asking people really have a million, asking how many people really have a million dollars saved for retirement. And according to the research, only 3.2, I'm sorry, 3.2% of Americans have a million dollars or more in their tax advantage accounts, like a 401k or an individual retirement account and IRA.
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If You Live Fake Rich, You Will Become Real Broke!
58% of Americans have less than $10,000 saved in their retirement. So as a Ramsey Show listener, the question is, are you staying on track with the baby steps to reach your financial goal? If you wanna know that, make sure to take our quick quiz to check your progress and received a personalized plan that's just for you.
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So you can head to the show notes and click the link titled, are you on track with the baby steps and complete the quiz for free. All right, let's go to the phones and let's talk to Lee in San Antonio. Hi, Lee. Welcome to the show.
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If You Live Fake Rich, You Will Become Real Broke!
We're doing great. How can we help?
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
And when you're making $150,000, this is the problem. You feel like, okay, well, I can afford the payments.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
And if I can afford the payment, everything's fine. And that's the backwards way of going into when it comes to buying a car. But that's what a lot of people do. I can afford the payment. So regardless of how much interest it is, I can afford it. And then life happens, as you've experienced. Okay, job-wise, Alex, what were you doing before? You said you had two jobs that you lost. What were those?
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If You Live Fake Rich, You Will Become Real Broke!
Okay, so you have the $35,000. The tax bill is how much in your husband's name?
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If You Live Fake Rich, You Will Become Real Broke!
yeah into the that thing that was his credit cards whatever he is not online he is not the house is in my name my carter is in my name everything's in my name okay okay so from a practical standpoint lee i would probably pay it off because it's good it's in your name i mean it's yeah for you guys which sucks that it's his mistake um and i say sucks that it's his mistake because of the way you guys have been living um yeah but i so i would do that i would um do you have money saved
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Yeah, so the question to, if you sell, and the stock is in what again?
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If You Live Fake Rich, You Will Become Real Broke!
And then be putting the rest in your Roth IRA that you were saying.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
401k i'm sorry yeah right okay we have that yes so that and your roth ira are going to be your friends because the great thing is when you take the money out like versus this stock where you're having to pay capital gains you wouldn't pay anything and you could just cash it out and it would be all 35 000 of yours the only difference is you won't get the tax deduction come tax time because it's on the roth side yeah that's right but that's worth it because of how much how much you're going to be making an interest over time so i would do that and then
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If You Live Fake Rich, You Will Become Real Broke!
Okay. And what happened to those jobs?
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If You Live Fake Rich, You Will Become Real Broke!
How long have you guys been married?
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If You Live Fake Rich, You Will Become Real Broke!
I mean, the way he handles money and the way he approaches money is the same as how he approaches life, correct?
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If You Live Fake Rich, You Will Become Real Broke!
Okay, well, I would say this, Lee, too. Just for the wholeness of who you are as a person, what George is saying is, you know, making sure that you're a whole person and how you can do that best, you know, is your decision for sure. But I would keep my money separate at this point because he's not proven otherwise and I don't trust him. So... I hope that helps Lee and good luck to you.
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If You Live Fake Rich, You Will Become Real Broke!
Well done on all the progress. Thanks to all the guys in the booth and Kelly lady in there. Oh yeah. Taylor has some ladies in the booth and you George is a great co-host. This is the Ramsey show.
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If You Live Fake Rich, You Will Become Real Broke!
Oh, okay. So both companies closed. What are you doing now?
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If You Live Fake Rich, You Will Become Real Broke!
Live from Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I am Rachel Cruz, hosting this hour with my good friend, best-selling author and co-host of our other podcast, Smart Money Happy Hour, and George Campbell. That's you.
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If You Live Fake Rich, You Will Become Real Broke!
I didn't introduce you. I just gave you all the titles.
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If You Live Fake Rich, You Will Become Real Broke!
And we are answering your questions this hour at 888-825-5225. And to start us off, we have Dustin in Palm Springs, California. Very nice area. Hey, Dustin, welcome to the show.
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If You Live Fake Rich, You Will Become Real Broke!
Okay. Okay. Um, single family kids, single. Okay.
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If You Live Fake Rich, You Will Become Real Broke!
Perfect. Can't wait. What is it? What's going on?
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
So he basically kept the mortgage in his name and you just pay him the mortgage payment and he pays for it.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Okay, okay. So it is your home. Correct. I mean, yeah, it's your home, and he's just the bank is what that is. Just seller financing.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Okay. That's good. Um, okay. So yeah, I mean the, getting the car out, do the 25,000 that it's worth, where did you pull that number from, from a dealership or from like Kelly blue book?
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If You Live Fake Rich, You Will Become Real Broke!
Yeah. So boo-hoo, friends. Here's your $500,000. You're going to have to pay taxes on it.
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If You Live Fake Rich, You Will Become Real Broke!
Or your life. You guys have freaking paid off $350,000. Like, you guys are on a plan together for your life, and you did this side deal with a friend, and your life has changed, and your priorities and your goals have changed. And so... Sorry, friend. It's not like you're putting your friend in debt. Boo hoo. He gets $500,000 and he's going to have to pay some taxes on it.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Sorry, dude. And I'm being very insensitive. If I were you, I would feel much worse because it is a good friend.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
I mean, yeah, Dustin, like the writing's on the wall. You have to do what's best for you and your family. It'd be very unwise to make an unwise financial decision for you and your family because of the feelings of a friend.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
And I think you can give him some time and say, hey, I'm not doing this tomorrow. Our goal is to do this in 12 months or whatever the goal is for you guys when you sell your primary home, all of that. If you can kind of map out a timeline. give him some time and space and just say, Hey, yeah, this isn't happening tomorrow, but it will be happening in the next year.
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If You Live Fake Rich, You Will Become Real Broke!
And I looked over the agreement that we signed and I'm sorry, I know it's not ideal in your situation, but like, this is, this is our values and our priorities with our families to be completely debt free. And, um, and, and yeah, this is what we're, we're deciding to do. And again, Dustin, you're not like completely screwing the guy. Like it's, you know what I mean?
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
And I'll be honest too. If you're a friend, I'm like trying to put myself in his position, right? If I ever was in that deal. And I had a young guy come to me and be like, you know, oh my gosh, we're able to get out of this deal because we have the cash. We have the money. We're so excited. We're going to be debt free.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Like you would hope that it doesn't burn a friendship that in fact, he celebrates with you. And you know what I mean? Which I know like this way of thinking is different to celebrate being debt free.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
If he really, Dustin, is not your friend anymore after this, then like, to George's point... then he's looking to make money off of you. You know what I mean? Like, it feels weird if he is going to cut ties with you as a friend because of this move. That's weird.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
And you have a little bit of that people pleaser in you, Dustin. I hear it. And so, yeah, this is grown-up stuff. And be a man, suck it up, and...
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
talk to him and again if he is weird after this because of this whole thing like that's a that's a weird guy anyway i'm gonna add this to bizarre one more reason to not borrow money from friends that's the new book and family yes all of it this is the ramsey show
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If You Live Fake Rich, You Will Become Real Broke!
Welcome back to The Ramsey Show. Up next, we have Ethan. Oh, we have Mike. Sorry, Mike in Asheville, North Carolina. Hi, Mike. Welcome to the show.
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If You Live Fake Rich, You Will Become Real Broke!
Still fun. Yeah, we don't have a cocktail on the show, but we are answering your questions, America. So give us a call at 888-825-5225, and we'll help you out. And it's anything from your career, your money, your life, relationships, anything and everything. We're going to start off this hour with Alex in Cleveland, Ohio. Hi, Alex. Welcome to the show.
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If You Live Fake Rich, You Will Become Real Broke!
Is that more than just getting the two home offices during COVID? Y'all done more remodeling?
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
How much do you owe on the cars? How much debt's on them?
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Okay, break them down. What's each one?
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If You Live Fake Rich, You Will Become Real Broke!
Are you able to keep current with your other bills, Alex, right now, making $60? Yes.
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If You Live Fake Rich, You Will Become Real Broke!
Okay. Is she making the $65,000? Yes. Okay. So if you made $100,000, then you guys can get back up to $165,000.
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If You Live Fake Rich, You Will Become Real Broke!
So, I mean, ideally replacing that completely, like what you're saying. And then, yeah, I mean, and then from there, Mike, it's just a complete... overhaul and mindset shift and change on how you guys have been viewing money. And you said it at the beginning of the call, so I'm not telling you anything you don't know, but the way you've been doing it, it has to be the complete opposite.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
So this credit card debt is not ongoing to keep lights on and everything?
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If You Live Fake Rich, You Will Become Real Broke!
So this is cutting up credit cards, This is – I mean, if any of your cars have equity in them, I would just sell them and get a $5,000 car. I mean, I would do the complete opposite of everything I've been doing up until this point because that's where you're actually going to start to see some progress. And I really feel like, Mike, you guys need some quick wins in here.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Yes, the income is number one. But I would be cutting up credit cards tonight. I mean, no more. No more. Like, you guys are not – in a place to even have them around because so much of this is credit card debts. And I know it was all because of the remodel, but the whole mindset, yeah, of going in when you don't have the money, that can't be it anymore.
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If You Live Fake Rich, You Will Become Real Broke!
And then walking through the debt snowball of paying off and breaking all these out too. So when you say, yeah, some of these are credit cards, breaking each specific credit card out. So you guys may have a long list of debts, But as you start knocking these out, that's where that momentum starts.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
I mean, honestly, Alex, if I were in your shoes, I mean, I would figure out a way. I mean, it's about $18,000 for the difference of the car, and you're probably not going to be able to get a loan for the difference.
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If You Live Fake Rich, You Will Become Real Broke!
Yeah, and I think what's hard, Mike, is there's a level of deep humility that you're going to have to have in this process because between now and getting your new job, making anything and doing work that maybe you never thought you would be doing is what's necessary right now, right? Because I don't want you guys, like what George was saying, to get behind.
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If You Live Fake Rich, You Will Become Real Broke!
So bringing in $1,000, $2,000, $3,000 a month on numerous things that you're pairing together and you're working late. I mean, do you guys have kids at home?
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If You Live Fake Rich, You Will Become Real Broke!
Yeah, and even if your wife can work overtime, Mike, too. I mean, I would be doing that. I mean, again, income is going to be your best bet and then cutting lifestyle, what George is saying. And it's going to be... Yeah, I mean, if you guys... If you get back up to that 195, I would be living...
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If You Live Fake Rich, You Will Become Real Broke!
like i made 80 because the 65 000 is covering the bills basically per month right i mean i mean living on seriously on nothing and that's you could you could really turn this around if you could throw which sounds wild wild numbers here but if you could throw a hundred grand a year yeah i mean seriously i mean there's there's some big changes you can yeah selling the cars getting rid of what you can selling stuff to my go around your house sell all the crap you guys that you know that you have
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If You Live Fake Rich, You Will Become Real Broke!
Doing what you can. But if you hold on the line, Taylor's going to pick up and we're going to give you Financial Peace University. It's our nine lesson course. And you and your wife sit down together and even your kids and watch this. You guys binge this weekend because, yep, life's going to look different in the household. And that's exciting, Mike, because that means you're going to be winning.
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Today's question of the day is brought to you by WhyRefi. Now, we don't recommend refinancing on everything, but for distressed private student loans, there's WhyRefi. And we trust WhyRefi because they help you with a low fixed rate interest rate that you really couldn't get anywhere else. And it's going to help you stick to your budget and get out of debt.
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So learn more at WhyRefi.com slash Ramsey. That's the letter Y. R-E-F-Y dot com slash Ramsey may not be available in all states.
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That's right. Okay, so I always go back to this because it's so spot on and I agree with it 100% and it's science. But Arthur Brooks talks about what you can do with money, five things. And four, bring happiness. And one does not. So this is what I would say to him. To Matthew, you can give, which brings happiness. You can save, which actually brings happiness because it shows progress.
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If You Live Fake Rich, You Will Become Real Broke!
You can buy experiences with people you love, and that brings happiness. You can buy your time back and then use your time well spent, right? So if you have someone mow your lawn, have them mow the lawn, but you get time back, but go work out or like go do something productive. And then number five, you can spend money on stuff, but that does not produce joy.
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If You Live Fake Rich, You Will Become Real Broke!
And then Ramsey, we always talk about you can give, save, and spend, right? So kind of using that framework, if I were you, Mike, I mean, if there isn't a big goal out there, and I would say Winston and I, we've kind of gotten to this place. Our house was a massive goal. That was in 2019. And then we made it a goal for a pool, and we actually were finished. We're done now. I know.
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If You Live Fake Rich, You Will Become Real Broke!
I mean, it took us probably five years to save for that. And so now we're at this point when we are planning our 2025 of like, okay, we don't really have a big financial goal in place. And I would say that for a time period, I think that's okay because we shifted the excitement and like, hey, what's the next thing to some of those things Arthur Brooks talks about?
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If You Live Fake Rich, You Will Become Real Broke!
So like plan a fun trip with your family, like have some experiences with them. Give someone a trip, right? If you have the money, like are there people in your life that you could bless them of like, oh gosh, this couple really helped us walk through some hard times. We want to give them a weekend away, right? And what are things you can do?
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If You Live Fake Rich, You Will Become Real Broke!
And then the giving aspect, which Winston and I even changed some of our giving goals this year. And we have a percentage now in our every dollar budget that is above our tithe, above everything else we do. And it's spontaneous giving. And we're going to force ourselves every month to do it and to say, yeah, where can we give
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If You Live Fake Rich, You Will Become Real Broke!
spontaneously to someone throughout the month if we hear a story if we experience someone you know at a restaurant a waiter or waitress like give an insane tip like what are ways we can do that and that fueled my excitement george like we planned all this out a few weeks ago as we were kind of talking through the year it was like okay we don't have a big goal quote unquote we're saving for there's no baby step eight
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If You Live Fake Rich, You Will Become Real Broke!
Yeah, yeah. But we're being more creative with our giving, which does make it more exciting. We are going to travel some this year. So we put that in the budget. So yeah, so like leaning in on these things that actually will bring you joy. And I'll probably, you know, buy some shirts from Abercrombie. You know, it's just what I do.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
But overall, like where do we put our time and our energy and our money together? Put it in the stuff that's going to bring you joy and excitement. And for me, that's giving and experiences. But that's probably just my personality.
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If You Live Fake Rich, You Will Become Real Broke!
Are you speaking out of your experience, George?
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If You Live Fake Rich, You Will Become Real Broke!
Yes, that's good. That's really good. Make that list. Yeah. Of what are things that we can do.
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If You Live Fake Rich, You Will Become Real Broke!
Yeah, for sure. Yeah. If you can get that 60 up for a full time job and find something 75 or 80, right. And like a perfect world. And then the side hustle is what, I mean, that's what I would be doing, Alex. And I'm like, if you can make, God, I mean, you'd have to make 3000 extra a month.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Yes, that's what I was talking about. Yeah. And we had the we had we had every dollar for our monthly budget up and then we had Excel and Winston has all these crazy formulas of like.
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If You Live Fake Rich, You Will Become Real Broke!
implementing taxes I don't know he has all this like he does it all and I gotta get that spreadsheet from Winston I know you should in my life yeah and that's the interesting thing is people really do you know on the show we talk about you know for a lot of listeners and for those of you that are new to the baby steps a lot of people are starting out on baby step one they're just trying to get that thousand dollars and pay off debt right but this this long journey of money is
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If You Live Fake Rich, You Will Become Real Broke!
I always want you guys to hear from us on this show that the goal of building wealth and being in a really secure place in Baby Step 7, where you don't even have a house payment, your house is paid for, retirement's being funded, like all of that. It's not just to continue just to grow. get more and more and more and more and more and more and more and more, right?
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
There is an outflow that needs to happen. You need to do things with your family, give to others, give others great experiences in life. There is something about using money as a tool. It's not something to hoard and to keep, but you're doing this to leave a mark on the world. I mean, there's something beautiful about that that I think is really innate in how we're created.
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If You Live Fake Rich, You Will Become Real Broke!
And so leaning into some of that, because I do think
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If You Live Fake Rich, You Will Become Real Broke!
there can be this mindset maybe early on you know maybe baby steps like four five six where there's like my goal is just to like get money get money get money get money which right you're funding retirement you're wanting stability but there's been listeners here that have been with us for eight nine ten plus years that are baby steps millionaires and they're like yeah and they're on the other side and the ones we talked to that
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If You Live Fake Rich, You Will Become Real Broke!
have this joy about them, this countenance about them that we meet. It's because they've been able to do some cool stuff. And every now and then they'll drop their story to us, you know, the things they get to do. But I don't know, there's something about this whole idea of building wealth. It's not just to build wealth.
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If You Live Fake Rich, You Will Become Real Broke!
It is what you do with that wealth that brings you a level of joy and happiness and how we're created.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
No notes. So Matthew, spend some money. Go on a great trip and be a generous giver. Go find things that bring you joy with giving because that's the best. All right, George, there are some social questions that we get all the time.
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If You Live Fake Rich, You Will Become Real Broke!
Yeah, when it comes to... I do too. I don't see them on here.
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If You Live Fake Rich, You Will Become Real Broke!
I mean, I'm trying to do the math of how to do this within a year to get to even save the amount for the difference. Right. So best bets, you can take a loan for the difference and,
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Isn't like the jewelry people out there, don't they say three months and we say one?
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Sorry, one month salary. That's what I meant, yeah.
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If You Live Fake Rich, You Will Become Real Broke!
I think they usually say a three month salary.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
I think it was the diamond company, like the people that did the diamonds, you know, decades ago.
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If You Live Fake Rich, You Will Become Real Broke!
I was like, I don't want to mispronounce it, but. I think they came up with the three-month salary rule, and we'd say pull that back a little bit. A month. I think a month is great. But, yeah, the weddings, engagements, rings, it is expensive, George. I'm glad that I'm out of that season.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
And does it make sense financially? Because that is an industry that you can spend so much on.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
and like george said earlier a local credit union is going to be your best bet versus a bank um they're the ones that are probably actually going to sit down with you and run more numbers and look but so that would be my first option and then if not that's probably what i would do i would probably try to get out of this car before anything else even before the it solves half your problems yep
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If You Live Fake Rich, You Will Become Real Broke!
I mean, it's like an actual jewel.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
So one of the best things that you can do for your finances is to get a tax pro that you trust in your corner. They'll help you advise you when it comes to the best moves for your situation, especially if you own a small business or you've had big life changes in the past year.
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If You Live Fake Rich, You Will Become Real Broke!
So you can go to ramseysolutions.com slash tax pro to find CPAs and enrolled agents that have been vetted by the Ramsey team. Tax season is upon us. It is happening.
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If You Live Fake Rich, You Will Become Real Broke!
You know, that's the free spirit in Rachel. Winston really takes it. I'm sure it's coming. I get usually the email of the like invite and all the things.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Oh, see, there you go. There you go. It's great. But you can go to RamseySolutions.com slash TaxPro to get someone in your corner today. All right. Next up, we have Morgan in Kansas City. Hey, Morgan, welcome to the show.
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If You Live Fake Rich, You Will Become Real Broke!
Oh, my gosh, Morgan. That was just, what, two weeks ago?
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If You Live Fake Rich, You Will Become Real Broke!
Thank you. That's heartbreaking. So how are they doing?
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If You Live Fake Rich, You Will Become Real Broke!
My question is, she might. I'm not sure. Is that him wondering if he does, or is it you just saying she might?
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If You Live Fake Rich, You Will Become Real Broke!
Yeah. Oh, Morgan, I'm so sorry. So in these kind of situations when there's something so unexpected and so tragic, we we usually advise the families not to do anything major for probably about 12 months because there is.
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If You Live Fake Rich, You Will Become Real Broke!
Right. Right. Well, and he's, and he doesn't, I mean, he can't even probably, you know, put together a thought. And so for you just to kind of be a side support, right. Um, and at least be able to gather and do, you know, some level of work for him is such a gift, Morgan.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
I mean, I mean, honestly, you're, uh, you're, you're giving them such a gift by even kind of navigating this part of their lives because everything, yeah. I mean, I just, I can't even imagine. Um, So I wouldn't do anything, again, big from a decision standpoint unless they get to a point where there is something big.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
If they get six months into this and he can't pay the mortgage and there's foreclosures pending or something really big, then we have to make some big decisions. But whatever I think he can do to the degree of staying somewhat –
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
afloat for a year um maybe some small things and we can maybe talk to you about those here on this call but um but overall I wouldn't make any any big big decisions so I think um because again the emotion you just can't see straight you know um she handled all the finances so he's trying to just open bills what accounts do we have I mean he's starting from scratch so it's
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
I mean, that's the hardest. Yeah, that's the hardest part is that life continues on right in the middle of all this. And you're like, I have to be a grown up.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Do this. Yeah. I mean, oh, oh, so terrible. Okay. So, yes, I think, you know, your gut on... starting to kind of just like put the baby steps in place. That plan I think is, is a good one. Again, I would, I would take, you know, find the life insurance. I would get as much concrete.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
uh information as you can because that's going to help you guys navigate this but for him um i mean he to get him to live on 70k and be comfortable there probably will mean offloading some of this debt um so that he that they so that they don't have all this you know these payments and i would have you know him look through every account possible to see if there's any savings um
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
And and I and I would probably start working on, you know, paying off maybe these smaller debts if they do have credit cards.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
So these credit cards are in just some some of them are just in her name. Is that what you're saying, Morgan? I think they might be. I think a handful might be. And I would pull her credit report and his just to verify and make sure that, yeah, that that information is correct.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
George, would you, if you were him, would you save the 25,000 first, get the car out and then do the debt snowball?
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
And just to continue on what Morgan's saying, we believe in this so much, you guys, to get your wills done. Zander Insurance for life insurance. Get 10 to 12 times your annual income. If you're a stay-at-home mom, you need half a million at least on you. Get life insurance today. Morgan, we're praying for you guys. George, thanks for the hour.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Thanks to everyone in the booth that's making it happen. Thank you, America. We'll be back.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
That is. Cause I do wonder Alex too, if you got, if you paid off the six credit cards and did just the traditional debt snowball, how much, um, payments monthly will be freed up because those are paid off. So even just working down the debt snowball, but knowing you have a freaking $1,200 car payment until you get to it to pay off is not fun. Um,
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
But in the meantime, I almost would just work through that snowball until you get there. But thanks for the call, Alex. Good luck to you. We learn from our mistakes, George. We learn from our mistakes.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
We're doing great. How can we help? Good.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Welcome back to The Ramsey Show. If you have jobs like us out into the internet, one of the things that, you know, it's just kind of a known thing. You just don't read the comments. You just kind of let people feel what they're feeling and you just move on about your life. But George, on the other hand, reads all the comments.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
George is always in the comments.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
And we keep getting a consistent comment.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Yes, Dave is okay. Dave is fine. Dave is living like no one else. He's in Cabo Wabo mode. They are. I mean, you know, I don't know, George. He's left us to run the ship. The grandparents are they're gone. You know, the kids are asking where they are.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Their children are like, they're just living it up, which good for them. Good for them. So if all of you want to know, he is fantastic.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
totally fine he's alive this is not a weekend at bernie situation actually doing great uh and yeah george we we have to fill the show the the shoes he's thriving of the goat let me just tell you yeah so no he will be back we promise he is better than he deserves right now yeah he uh tan and happy he's doing great that golf swings really looking good all right uh we're next we're gonna go to tammy in milwaukee hey tammy welcome to the show
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
How much do you make, um, bartending a month? Would you say?
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
A month. Okay. Yeah. Okay. Perfect.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
All right. Got it. Okay. So how, how can we best help you today?
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Okay. I mean, yes, Tammy, the only reason I would say and kind of get to that answer pretty quickly with the house is that you would have to basically double your income for this to make sense. And you are saying that you see your income going up.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
um but what i would want is the side hustle income not be part of the equation for your mortgage because i want to get you to a point in your financial journey that you're not having to make have a side hustle to keep your mortgage right not sustainable yeah you want just like yeah your regular income to be able to support your main four walls and and more um so tell me how long have you been in the house
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Yeah. Okay. How, um, how much do you owe on it and what could you sell it for?
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Yeah. Oh, wow. It went up a lot in two years.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
That's fair. Yeah, yeah, that's fair.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Did you have kids, Tammy, when you divorced? Or no kids? No. No. Okay, so it's just you. Just me and a dog. Okay, no, that's great. So, yeah, I mean, honestly, Tammy, you know, our goal, at least when I'm giving this advice, and George would be the same, is it's ultimately leading you to have a level of control over your money that ultimately then gives you peace. That's what we want, right?
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
I mean, if you build wealth and do all of this, that's later in the baby steps, and that is so doable for people. But the biggest component here is peace. And, Tammy, I don't feel like you have a lot of peace. When half your income is going... to just the mortgage and you have $37,000 of other debt that you're having to pay and you're having to keep up the house.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
I mean, there's just not, it doesn't sound like a lot of peace. Would that be true?
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Yes. Making things worse. Yeah. So I think a good goal to shoot for, Tammy, is I probably would. I would sell the house. I would use some of that money to pay off your debt. I would use some of it for an emergency fund. And then I would quickly get back into a house or into real estate in general. Because I think you can put yourself in a position where you're not a renter forever.
The Ramsey Show
A Large Income Won’t Protect You From Debt
Ну, я бы не сомневался. Я думаю, это все.
The Ramsey Show
A Large Income Won’t Protect You From Debt
Or how is the money flow happening right now?
The Ramsey Show
A Large Income Won’t Protect You From Debt
So, Shay, we have what's called the Ramsey Baby Steps, which is the first thing you do is going to get a $1,000 emergency fund.
The Ramsey Show
A Large Income Won’t Protect You From Debt
The second thing you're going to do is pay off all of your debt, smallest to largest.
The Ramsey Show
A Large Income Won’t Protect You From Debt
So it would actually be you getting rid of this car, which is great, and then knocking out the credit card.
The Ramsey Show
A Large Income Won’t Protect You From Debt
So if you have multiple credit cards, write each of those out separately, smallest amount to largest amount, regardless of the interest rates.
The Ramsey Show
A Large Income Won’t Protect You From Debt
Эй, Рэйчел, эй, Джейд, спасибо большое за приглашение.
The Ramsey Show
A Large Income Won’t Protect You From Debt
Делал плохую руку, когда пришел к этим конкретным вредам, обманулся в обеих. И это стоило мне гораздо больше, и заставило меня не иметь выбора. Но я смотрю на зарплату, в которой я плачу $1,700 в месяц. У меня $18,000 в негативном налоге в моем автомобиле. И я максимизировал свой кредит. У меня нет места, куда идти. И я могу использовать слабый совет от вас, девочки.
The Ramsey Show
A Large Income Won’t Protect You From Debt
Так что я супервизор на звонок, и то, что я делаю, это я обращаюсь к людям с развитительными заболеваниями.
The Ramsey Show
A Large Income Won’t Protect You From Debt
Моя взаимоотношения составляют 1900, и это ежедневно. Окей, то есть 1900 каждые 2 недели?
The Ramsey Show
A Large Income Won’t Protect You From Debt
Что это приводит к этому? Моя зарплата составляет 1500 в месяц, а также у меня есть налог на жилье и так далее. Я не знаю, если это подходит к этому или нет. Да, это подходит. Так что, что это за налог на жилье?
The Ramsey Show
A Large Income Won’t Protect You From Debt
Да, это обладает, и обычно обладает большинством электрического билда. Хорошо, хорошо. Да, это большое.
The Ramsey Show
A Large Income Won’t Protect You From Debt
And then for the other one, I owe $8,900.
The Ramsey Show
A Large Income Won’t Protect You From Debt
Это зависит от времени, которое она может получить, но я бы сказал, что она зарабатывает около 800 в месяц.
The Ramsey Show
A Large Income Won’t Protect You From Debt
И в дополнение к этому, я плачу за моего сына, он идет в приватный христианский школу.
The Ramsey Show
A Large Income Won’t Protect You From Debt
Моя самая старшая — семь, моя юная — четыре.
The Ramsey Show
A Large Income Won’t Protect You From Debt
Сколько зарабатывают за вашу машину? Моя машина стоит $480 в месяц. И я зарабатываю за мою жену, которая стоит $240. Итак, у меня еще есть $5280. Продолжайте. У нас были инвестиции в студенческие налоги. Что за налоги? Потому что президент просто взял их.
The Ramsey Show
A Large Income Won’t Protect You From Debt
Что ты ставишь на эти карты за $13,000 и $12,000? Ну, в большинстве случаев я просто пытаюсь найти конец, не имея достаточно денег, чтобы сделать билды. Я только что... Моя зарплата в последние несколько месяцев выше, потому что я начал требовать четыре часа работы. Окей, это хорошо. Так что это новое. Это было под этим.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
And know that, I mean, from that information that you just gave us about this last year, which is just the most horrific thing that I could ever imagine is losing a child. So I can't even imagine what that grief does. There's a fog that is there. And when you make financial decisions, usually in that time, soon after something like that happens, they're sometimes not the best.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
So that's not to guilt or to shame you. That's to kind of free you to say, hey, Yes. As you look back, like, wow, those may not have been the best decisions. I don't blame you for that because of what you walk through. But I do want to make sure that there's a level of healing that you're getting from this and that the money is that secondary piece. But I do. I pray that for you.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Well, I'm so sorry. And yeah, if you stay on the line, Taylor is going to pick up and we'll give you John Deloney's book and Total Money Makeover. Hey, you guys, health insurance costs are only moving one way, and that way isn't down. And if higher costs aren't enough, the wait times to see your doctor are longer, and it's harder than ever to get anything approved through the bureaucracy.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
So if you feel like the system is working against you, try a biblically-based alternative to health insurance. Christian Healthcare Ministries. CHM is a health cost-sharing ministry that's helped hundreds of thousands of families like yours take care of over $11 billion in medical bills since 1981. And CHM has also helped them stay true to their values and avoid miles of red tape.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
And CHM support goes far beyond meeting financial needs. They'll also help meet spiritual needs. Members become part of a family who will pray with them and for them when they experience a medical event. So listen, y'all, there's no better way to take care of health care costs. CHM programs start as low as $98 a month. So learn more today and join at chministries.org slash budget.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
That's chministries.org slash budget. Welcome back to The Ramsey Show. I'm Rachel Cruz hosting this hour with bestselling author George Campbell. We're taking your calls. Up next, we have Shonda in Cleveland. Hey, Shonda, welcome to the show.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Hello, hello. Hi. Hi. Can you hear me? Yes, we can. We can. Oh, okay.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
What are you doing for work right now?
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
How many hours a week are you working?
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
And you're doing what again? I'm sorry. Say it one more time.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
But you're only making $24,000 working as a nursing assistant and working 40 hours a week. Yeah. Okay. Okay. Yeah, I mean, I think the first thing to be looking at, because what's your degree in? Because you have some student loans.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
When you moved away, how far away are you from where you guys moved? Because when you said to go back to my job, does that mean move again to go back to the old job, or you could do something different with where you guys live now?
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Yeah. And then on the income side, Shonda, I mean, honestly, I mean, I was, you know, Walmart, Target, like these places are paying up to 20 an hour. Like you could double your hourly rates by working somewhere else. I think you're going to need a different job. I just don't, this job is not going to be able to sustain you. And you're working 40 hours.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
So I'm like, you have a great work ethic, but that energy is going to something that's not giving you your rate of return of what you need right now. And so- And places like Walmart, Target, some other places, I mean, they have great benefits. Like they really do a great job in helping their employees. So I honestly would be switching jobs. You have to make more. You can't be living on this.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
And Sean, to start binge watching some of our debt-free screams here on the YouTube channel or even podcasts, but go through and watch some of these stories because I know it feels like you're in such a hopeless situation. And numbers-wise, it does feel hopeless, right? And so we want some of that to change with your income and starting to get a grapple on this debt.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Yeah. Does she understand what's going on financially at all? How is she feeling? Is she stressed about it?
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
But just know that there is a way out. It's just going to look different than probably what you've done in the past, and that's okay. But there's people that do it every day. So continue to feed your mind with this stuff. If you hold on the line, Shonda, Austin's going to pick up. I want to give you Financial Peace University. It's our nine-lesson course on money, just to get you the basics.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
We'll throw in Every Dollar Premium as well, which is our budgeting app. And they have a great tutorial there when you sign up there to really walk through and teach you there. Here's detailed how you do a budget. And also go ahead and throw in Total Money Makeover too. And that's Dave Ramsey's bestselling book. And it's the seven baby steps.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
I just want to get some knowledge of this plan in you, Shonda. And I want you to just like soak all this up because it's going to, kind of be a different world that you'll be navigating with money. It's going to look different, but I want you to have motivation and people behind you cheering you on.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
And even if it's us on YouTube cheering you on and giving you some encouragement through other callers or watching their stories, I want that for you because I want you to know that that this can change. It's going to be different. It's going to be different from what you've done and it's going to be hard. None of this is easy. None of this is easy, but it is possible.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
That's right. And we talk to people, yeah, in their 50s, 60s, sometimes in their 70s, right? And they don't have anything for retirement. They're trying to figure this out. And And even though it's a hard hill to climb to say, OK, I'm going to buckle down. I'm going to I'm going to learn something new, change what I've been doing, sacrifice, take on that extra job. Like all of that is hard.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
But it's also hard to go into retirement with nothing if you continued on that path. Right. So it's one of those things like you choose your heart.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
And one heart is actually going to be able to. give you money when you start working a plan and get out of debt and be able to have some level of control over your life versus not at all. Right.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
You got this Shonda. We believe in you. This is the Ramsey show.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Okay. When you say she's blind to it, does that mean that she doesn't have all the information or she has all the information, but the way she's processing it is not correct in reality?
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
We talk about current events, pop culture, and money.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Oh, no. Shoot. Well, Gabrielle, you'll never do that again, will you? Yeah. I've learned my lesson. Oh, no. You know, we talked to somebody earlier in the hour and her and her boyfriend, well, fiance, they don't really have a date. I don't think a wedding date we asked. But yeah, both their houses, their names are on the deed of the house. And I just thought, oh, no, no, no, no.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Okay. How much are you guys in the whole month financially with after everything's paid? How much more do you need?
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
And it was a year ago, though. So now you're like, well, crap.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
When is the lease up? In about two more years. Okay. Yeah, I would look at the early buyout. I would just kind of do some research in that. But then in the meantime, between now and two years, be saving some cash. knowing that you're going to have to replace this car.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
But I would take, yeah, this $10,000, Gabriella, I would pay off the bedroom set and then be looking at the $18,000 that you'll probably have to take a loan out for for the remainder of that RV after you sell it. Okay.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
No, I wouldn't do that because I would go on your credit. Yeah, I would just find the private sale, list it, sell it yourself, get as much as you can for it, obviously. And then, yeah, you'll have to have a loan for the difference. And then you'll be working your way out of that. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
because apparently she hasn't been able to uh to make her minimums either okay so it's sounding more like a relationship issue jeremy it sounds like you guys just aren't doing well as a couple in general i don't know if money's the main issue i think it's become a symptom of it but you guys it doesn't sound like you guys communicate well or or have the same goals or or um do this life together very well it seems very separate even from an emotional standpoint is that right
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Thank you. Thank you. Thank you. Thank you.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
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The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
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The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Yeah. And I think it's it's I mean, he's getting to the age. He's 17, almost 18. So and again, I don't have kids that age, but, you know, there starts to be that level of letting go. Right. That eventually they're going to be off in college. They're going to be making their own decisions like there is that that. That season of life is coming soon. And so it always begs the question.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
It changes a little bit because he's still under your roof, in my opinion. But it always begs the question of if no one's asking advice, you know, when do we give it? And what can we control? Because the truth is you can't control. what she chooses to do.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
And it gets to a point, too, that eventually, soon, they're going to just be making their own decisions, regardless of what you guys think or not, right? So if anything, it would be a conversation with him. I don't know what y'all's relationship was. Obviously, they've been dating a while, but you're not her parents, right? But you are your son's parent.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
And so I think having that relationship of being able to have the conversation of, hey, this is what... This is what life will look like if she chooses to go down this path. And then we get people in the medical field call us all the time, Jennifer, pharmacists and all this, and they have $200,000 in debt, but they're making $160,000, right?
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
And so usually the hope is that you have a bigger shovel. If you're choosing to go a path, you know, in this medical type field, it doesn't always happen. You know, they could get married. She gets pregnant and wants to stay home. And then all of her options are gone. Right. Because she has to go pay the step back. So there's a lot of life in there.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
But as a for I don't know, I don't know how much you can control it. Right. Yeah.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Can you keep the kids fed where you guys are to be able to work on the relationship and get a higher paying job where you are?
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Well, she's 17, though. Well, this is normal.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Yeah, but if it's not her daughter...
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
But if they're not engaged and stuff, like, I don't know.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
And just to have it on in the background. Just to have it on. Yeah, I mean, I guess if it's in like a very organic conversation, you know, but I don't know. It would, I don't know.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
And is her family... Okay, Jennifer, is he about to buy a ring? Like when you say they're serious. Okay, so honestly, too, and you know this, Jennifer, at 17, you're 17. I'm like, I knew multiple friends that were dating in high school. They go to college within...
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
you know nine months or so they're they're off on different schools they mean i mean you change so much in that but also rachel got married in college i wouldn't i had a semester left thank you winston had been graduated a year i had a semester left thank you george so it can happen but what i'm saying though is i do wonder if you're ringing your i don't want you to worry about something that's not your problem right now do you know what i mean like it's not like they're getting engaged this summer and getting married and then she's choosing to go in at 18 years old right like
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
I don't know. We may have different opinions, George.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
yes that's right it just adds that weight it's gonna hold them back building wealth but the long-term hope is that she gets on the same page with money and goes you know what i'm not waiting 20 years if she does end up taking this debt it's i want to be done with this thing in three or four yeah and jennifer you do this after school too and i know people majority people change their major right like halfway through so i'm like she may not even end up doing it anyways right so that's
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Yeah. Yeah. And they may not even be dating. I mean, I don't know.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
There's no easy answer here. I don't want you to worry, Jennifer, because I just don't feel like the reality is happening. It may happen in like four years. But a lot of factors have to play in for this to actually happen. But I really do appreciate you looking out, obviously, for your son. That's what I'm thinking. It's for your son. What she does, though, is I don't know.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
okay so she comes home and this is not picking on jennifer but it does raise the question where was she if she was she was at her boyfriend's house okay okay and her boyfriend's um i was gonna use health i don't use money as the example but health okay and she comes home and she says um yeah i mean brad's mom set me down she's dating a brad she has to date a brad in this scenario she's dating a brad i already have feelings about this she says
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Oh, my gosh. Brad's mom. You know, you're not the mom. You're the dad. You may feel differently. Brad's mom sat me down and told me, like, the way you've been feeding us gluten free, all this stuff is actually really harmful. And I actually need gluten and dairy and all of this that you've you've deprived me of, dad. So I like because of this Brad's mom, like I'm choosing to.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Say, would you be like Brad's mom? What the heck? Stop teaching me about.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
I'm trying to put it in my world. I'm trying to put it in your world. Yeah.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
OK, so you would reach out to Brad's mom and be like, hey, OK, so that's what I'm saying. Like the blurred line with Jennifer and this girl who's not her daughter. Is it overstepping boundaries? Is it parenting another person's child when the girl isn't asking? Sure.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
you know I guess so I don't know they may never get along I'm so glad you called Jennifer that's a really good it's an interesting scenario to be thinking about for sure I would love to hear from the girlfriend's parents but I also and I'm thinking about little Charles now my son like if he was yes dating a girl and she was gonna go I would be like y'all don't do like stop no no like I would feel that you know that tension I'd feel like you're about to enter into something really hard that you don't have to enter into right now like
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
But yeah, if Mia starts eating gluten and... We have had that discussion in the camel house.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
If she dates a Brad. It's like alcohol.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Ooh, that would have been a better one if you're a family that doesn't drink.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Well, you could lower this, I mean, more than half today if you wanted to. If you wanted to keep a $1,000 emergency fund and then throw the brokerage account and $500 that's in your emergency fund at this debt, then you're down to, you know, $2,600. Yeah.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
It's done like really soon. And then just build your emergency fund back up for a few months and throw some cash in there to get that back up.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Yeah, and Mike, and the reality is, too, you know, people kind of are like, oh, $1,000 emergency fund. These Ramsey people are crazy. But here's the truth. If a larger emergency fund or a larger emergency comes up, usually you don't have to pay for that, like, today, right? Usually you can say, okay, I have two to three weeks.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
I got to come up with some cash with my emergency fund and figure out how to pay this. You know, you'll pause the debt snowball and figure it out. But the problem is, is that people try to do kind of what you're doing, Mike, six different things at once, or they try to go and build up this big emergency fund before they get out of debt.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
And they never even get to getting out of debt because they spend so much time with just the savings portion to feel comfortable. And there's really never a number that you're like, okay, now I feel good that I can go pay off debt. It's kind of this idea immediately, right? When you become debt-free, what we say your largest wealth building tool, it's your income. It all comes back to you.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
And it's an amazing thing when you say, okay, all these credit cards are gone. There's no bank in my life left. And now I get to decide what to do with my income. And you're able that much faster than to build up an emergency fund to three to six months of expenses, which is what we want you to do. We don't want you to stay at $1,000 forever.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
But for you, Mike, you're only going to stay there for like two months. Month and a half, right? I'm like, it'll be so fast that you're going to be fine.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Okay. So, Jeremy, I think what it comes down to is you guys aren't paying your bills. I mean, what's happening financially, there's an issue. So... The adult thing is that you both sit down together and say, here's what it takes to run our household. And we have to make X amount every month for this to happen. And we don't get to decide that we don't feel like doing that. That has to happen.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Well, you're not going to buy a house now, Jordan. You guys are broke. You don't even have $1,000 in savings. Yeah, so it's going to be a few years. Yeah, so it's not a 20% down payment. That's a suggested amount. You can go down to five for a first-time home buyer, so 5%. And by the time you guys do all of this, how much do you guys make a year?
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
OK, so, yeah, by the time you guys pay off ten thousand dollars of debt and get a fully funded emergency fund of three to six months of expenses, it's going to be, I mean, 18, 24, three years, you know, till that happens. And honestly, Jordan, that's going to be a whole new world. We got an election year. Who knows what interest rates are going to do?
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Like, we don't know what's going to be going on, but we would still stick with that at least five percent down.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
idea and i just don't believe that the lowest house you can find is a four hundred thousand dollar house in boise i don't believe that well you know why because i live in nashville and it's the hottest market right now and my husband him i mean he just went and and you know we were doing investment real estate right now And he got like a great $200,000 house. It's a two bedroom, one bath.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
They're flipping it in a place outside of Nashville. So I just don't believe the $400,000. I get that housing is expensive.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
All right, Jordan. So you can do this, man. You sound a little like us when we get dramatic sometimes.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
gonna happen it's gonna happen get your income up and you'll get calm down you've been married six months you guys just you guys just be patient and in three years it's a whole new world and hopefully there'll still be these wonderful houses in boise that i'm looking at right now on georgia's computer it's not in the constitution that newlyweds have to own a home so i hope that frees you jordan thanks for the call this is the ramsey show
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Today's question of the day is brought to you by YRefi. If you are struggling with defaulted private student loans, YRefi offers a great solution to get you back on track. For a low fixed rate and more flexibility, go to YRefi.com slash Ramsey today. That is the letter Y, R-E-F-Y dot com slash Ramsey. May not be available in all states.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
So either we're cutting our freaking lifestyle and taking everything off the table and doing nothing in order to feed the kids. Or we're going to have to decide different jobs. We're going to have to choose to move back. We don't get to just sit and not make money and not pay our bills. We can't do that. So that's not an option. We're adults and this is part of life. And so that's one thing.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Yes. And not and not mention it. And the way that you're when you said, you know, we've followed the principles from year for years. I'm assuming that means you guys are on the same page. You're talking about money. I mean, there's some couples that, you know, they don't know what the other one's doing. But if you are following a level of Ramsey, and that means you are.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
you know connected and you're talking about money so the fact that he didn't bring it up that feels that feels very off to me very off yeah and the fact he opened up credit cards in your kids names well i'm guessing he it's in his name they got cards with their names on it as authorized users Yeah, because if you take out a line of credit for a child, right?
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Yeah. Well, what we've heard too is people calling the show saying, yeah, my parents took out debt in my name to build up a good credit score. And then they ended up- Destroyed my credit. Yeah, destroyed the credit because they couldn't handle it. And so you're just like, oh, it's, yeah. And it gets to be a fine line too of identity theft. I'm like, if you're, you know what I mean?
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Like, it's kind of to a point of like- There was no consent here. I mean, yeah. So it's I don't like it. I don't like playing the game. And so, yeah, but a lot of it is a tick tock trend.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Yes, there's so much more freedom, you guys, when you're chasing the credit score. You can live life without a credit score. You can do everything you just said without a credit score. It is possible. You can even get a house through manual underwriting without a credit score. And so, yeah, I think like you said, it's good intentions. I'm going in saying I'm trying to set my kids up.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
But you're falling right into the system that gets so many people, millions of people stuck. and in that wheel of debt. And it's like, it's not worth it. It's not worth playing the game. And then let alone having any level of risk for another human being of their financial wellbeing, that if you screw this up, it doesn't just hurt you. It's hurting your kids then at that point.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
But the other thing I'm very concerned about, Jeremy, is the relationship. I mean... I mean, it just it sounds bizarre to me that she's so in the clouds that she wants nothing to do with you financially. Then she's made that very clear. My question is why? Because long term, this is not a sustained relationship.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
You know, it's funny, George. I feel like when things are less complicated, they feel less sophisticated, right? Everyone's like, oh, but that's so boring.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Yeah, yeah. There's got to be so many other hoops to jump through. And you can live your life that way financially. You can.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
you're going to be exhausted you're going to be exhausted again with a system that is set up to screw you like that's what it is it's not there to free you and for you to be financially free they want you in the system because they make so much money off of you but when you exit out of the system and you're like you know what i'm gonna live with the dev with a debit card with cash we're gonna save up and pay for things and we're not gonna sit here and try to play the industry's games over and over and over and over and over and over
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
What is sophisticated is peace. It is. I'm like, there's just that level there that is, it is so much worth it than the mental dance and gymnastics that you have to play.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
It's crazy out there. Oh, man. Yeah, parents don't take credit cards out and don't be an authorized user.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Get out of here. All right, let's go to Shane in St. Paul. Hi, Shane. Welcome to the show.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
We are doing great. Glad you called in. How can we help?
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Yeah. Why would you want to? What are the numbers you're seeing, Shane? Because it usually comes down to numbers.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
You cannot live your life on two separate pages financially because what that is, it's an indicator of how your relationship is in general. And you guys are going to just keep moving further and further apart. And you guys have two kids together. So it's worth the fight. But you first, from a tactical standpoint, have to get enough money in to pay the bills.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Okay. And how much do you guys have saved?
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
No. I mean, listen, if you're doing the math, I understand what you're saying because of the interest rate. And what we always talk about on this show, Shane, and what you're going to start to realize is that personal finance and winning with money is so much more about your behavior than it is about math. And so if we were all chasing math, we wouldn't be in debt in the first place, right?
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
So it's not a math problem. It really is us winning. And so the fact that you do have a... bulk of money, which is absolutely amazing. What that does to me, that just, that jump starts. I mean, tonight you could have that $800 paid off, that 350. I mean, those are just like ankle biters, right? You're just like, you just need to get in there and just get them done with.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
And then to pay off a $7,500 credit card in full And it'd be completely done.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Or four grand. That's right, the extra.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Because you're not going to be in debt, Shane, that much longer. I mean, when you're looking from a math standpoint, you guys could take on extra jobs and get that paid off in two months.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Yeah, so it's going to be so quick that the math at that point doesn't matter. But I'm excited for you. You said you're a new caller, so I'm so glad that you're joining in.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Amen. Well done, Shane. Well done. Well, thanks to all the men and women in the booth making this show happen. George, thank you. Thanks to our great audience here in Nashville, Tennessee. And thank you, America. This is The Ramsey Show.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
And you both have to come to that understanding. And if she is so in the clouds in that, then she may not be a great partner long term because she's probably in the clouds on everything else. So there has to be some big decisions that are going to be really difficult. But you both have to step up as adults and decide to face it together.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
Yeah, yeah. And money's fun. All this is fun. We can enjoy this.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
What are the amounts for all those?
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
I mean, do you realize that if you're going to file bankruptcy, they're going to liquidate and get as much as possible anyway. So, I mean, this could all be on your terms and it's going to be uncomfortable and it's not going to look the way that you've been.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
handling your money but something has to change so of course your life is going to look different if you start making different decisions with money and and it's not going to be easy um because i mean a little bit of the easy route is is the debt route you kind of can get what you want when you want it and you know that's how majority of people live but you're finding that it's causing stress
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
You're calling us for a reason because you're not happy with where you are financially. So something does have to change. So your mindset around money, regardless of work and construction and weight, I mean, all of that, like if you're in this desperation part, if you get to this place in your life, you're willing to do anything, like anything.
The Ramsey Show
Face Debt Head-On Before It Destroys Your Family
And I don't know if you feel that or want to experience that.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Yeah, you can for sure. I mean, I would say that's the only type of debt I would recommend consolidating are student loans because you usually don't go back into that debt. A lot of people play this game because I think math is their problem and interest rates are their problem. But their problem really is it's the behavior, right?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
The secret of getting out of debt is not the smaller interest rate, even though that can help you to a degree. The real secret of getting out of debt is this intensity, this gazelle intensity we talk about where it's like no lifestyle, nothing, you're working insane amount of hours and you just get it paid off, right?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
And so I think that, so I wouldn't put a lot of hope, but again, I would, yes, if you guys can get a better interest rate, again, it's the one type of debt I would be okay with you guys consolidating, but don't have your hope that because you consolidate, it's going to be okay. Do you know what I mean? There still needs to be that level of grit with you guys in this. Oh, absolutely.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
But yeah, if you get a better interest rate, for sure, River, I think that that's a fine move. But again, math is usually not the problem, and I always want to reiterate that. When we're getting out of debt, it's not that. It really is this hope in who you guys are as a couple and teaming up and saying, okay, this is what our life's going to look like for the next three years.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
For sure. And I mean, to just loosen the burden a little bit, that $18,000 truck, it's right on the border of selling or not. But if you can get that down, even if you're underwater $2,000 to $3,000 and go get a beater, I mean, that's taking a chunk off too. So be considering that, River.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Old man Ken jokes. Yeah, I know. You like them once you get them. I know. Once you get them, she likes them.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
River, we're cheering for you all. Come on, River. You can do it.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Today's question comes from Chase in Missouri. I'm new to investing and was playing around with the investment calculator on your website. I found that if you invested $1,000 for my baby at 10% and never put any more in, she could retire at the age of 70 with over $1 million, not 100 million, 1 million. Is that right? And if so, why isn't this common practice?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
I don't have my investment calculator pulled up, but over 70 years, are you gonna pull it up, Kim?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Yeah, Ramsey Investment Calculator. Yeah, I mean, compound interest is powerful. And over 70 years, I probably wouldn't be surprised if you put no more in at 10% of a rate of return. And so why isn't this common practice, you ask? Well, I mean, there's maybe a couple of reasons. One, I think parents have...
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
don't have a thousand dollars to put in i think there's a level of margin that people are trying to find um i mean also you know when you are investing for a child you know the recommendation of you having to be really over it because a minor can't open up their own account so it would be your name in it and you know being able to transfer it to them long term is an option too so
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
And investing, I would say, too, $964,000. So here's what we got.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Yeah, and I think in investing overall, it can be an intimidating factor of money. And if you don't feel like you fully understand it, you're less apt to probably go into that world, I would say. But yeah, there's power in that. And then always, you know, I think about 40% of Americans can't cover a $400 emergency in cash.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
So to have $1,000 that's not for you and your emergency fund, you know, there's a lot of people that don't have it. But I agree with you. I mean, Chase, that's great.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Yeah, and how have the conversations gone so far? Because you obviously know that they're not interested in talking about it. So who has brought up the idea of having these conversations to them?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Yeah, how much do you have saved, Madison, total?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
What would you pay it off with? Are you saying putting extra towards your house above the mortgage?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Well, where would you get the $72,000 to pay it off?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Okay. How much money do you have total? I have to pay. Like what's your net worth? Cash. Sorry, not net worth, just cash.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
So I don't have a calculator for me.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Okay. Where is the $72,000 currently? Is it investments or just a savings account? It's in savings. Okay. What were you going to use that for? What was that fund for in general?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Do you have any retirement?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
How much do you have in that? About $250,000. Okay, good. How old are you?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Well, I'm not sure. Do you have a good relationship with them now?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
No, I wouldn't until I have a stable income coming in.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Yeah. Okay. Yeah. To make sure that you can eat and everything. But yeah, I would, you know, you've set yourself up really well, Madison, and I just don't want you to continue to be in this rut that you've been in to a degree for a year. Because what's happening is it's just like everything's shrinking, shrinking, shrinking, shrinking, shrinking, shrinking.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
And I want to stop that momentum and let it go the other way. And to Ken's point, it's not like a crazy amount.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
You can do this, Madison.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
And what about his brother? Is he married? He is not. Okay.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Oh, man. I love Scotland. Are y'all going to move there?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
How many kilts will be at the wedding, though? I'm a little disappointed. No, I bet a lot of the attendees will wear kilts. True?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
I would bagpipe down the aisle.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
No, he said that she grew up in Scotland. It's different. Okay, so go ahead, Bobby.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Yeah, for sure. OK, so I would start high level with you guys and just being agreeing that. on value systems at which money will play in on the relationship. So a value system would be, you know, when we have money or do we want to be giving some of this money? Is that part of our plan? Do we, how much, you know, is savings something that she gives her a level of security, right?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Yes, yes. How is debt playing out? So less like, I would go less baby steps And more just a little bit of that value system, because that's a human thing, not an American thing. So you can look at money because they have money in Scotland. So it's just like, let's together get on the same page.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Thank you for revealing that. And then how we implement it. Over here, how does that look? So if we both agree, yes, savings is important. She may be more of a spender naturally, right? And that's okay. Opposites attract. But yes, we want to be saving for the future. We want a good retirement. So what's the best way to do that in America? A 401k, a Roth IRA, right?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
There's these vehicles at which you can do that. And if we have debt and we want to live without debt and not have payments...
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
because that gives us peace and because we can use our income to go on great vacations and use our income to save for the future and to give like that's why we want to be out of debt right so you kind of start high level and then from there the baby steps is just a plan to get you from point a to point b do you guys have debt right
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Yeah. Is she agreeing that you guys want to work together as a team? Does she see this as a topic of life to say, like, yeah. Joint bank account? Yeah.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
How much will she be making?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Amazing. And you did outkick your coverage, buddy. How much are you guys bringing in to the marriage, just money-wise? How much does she have? How much do you have?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
That's great. And so when you guys get married, I guess you'll be renting probably for a year or two. Is that what you're thinking?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Perfect. So, yeah. So, I mean, I think you guys are probably more on the same page than you realize. So I would sit down together and just say, OK, yeah, let's let's like figure out, you know, the next couple of years and what we want our goals to be. And we have a goal of making 100 grand, 50 and 50 or something. Right. Kind of have like an income.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
And then from there, we want to put some away for retirement.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Yeah. And I think to Megan, you know, you can only control what you can control. They're not there. I mean, you guys have kind of asked them and they're not going to give it. So, yeah, like Ken said earlier in the call, we don't have some secret line to give you that suddenly they decide to tell you everything.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Yeah. And I think, you know, making it a goal for a house. I mean, you guys are in a position that your emergency fund is pretty much done, I think. And then beyond that, like, okay, let's like run some numbers. and dream. Winston, I just did this last week. And it's always a fun thing to do where you're like, all right, let's just dream. How much do we think we want for a down payment?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
And then you put it in Excel or a calculator or whatever it is. It's like, how much do we need to save every year? How much do we need to save every month? And you kind of just start having these goals towards these dreams that you guys, a life that you're building together, which is beautiful. Hold on the line, Bobby.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Taylor's going to pick up and we're going to give you Financial Peace University for you guys to watch these lessons together because that would be really helpful. Wedding gift. for her.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Yeah, just to kind of get these concepts of American way of doing money.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
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The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
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The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
So what I would do, what I can control if I was in your scenario and this was my parents. is my sibling. Because that's where the budding heads could start to happen, the fractured relationships. It's not the parents, because if they're gone, they're gone. Who's left is him and his brother.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Plus, you can join at any time, including open enrollment. You guys, CHM has been helping Ramsey fans for 15 years, and they're the only health cost sharing provider endorsed by Ramsey. So you can trust CHM to take care of you like we would. Programs start as low as $98 a month. So find out more and join today at chministries.org slash budget. That's chministries.org slash budget.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
I did. I so appreciated it. Gotta pay attention, folks. Thanks for bringing in just the pop culture.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Sure. How much do you guys make a year?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
So if I were him, I mean, I would get in a room with his brother and be like, hey, let's just play, like to your point, let's play out some scenarios just so we can plan out as much as we can with the information we have. And then that's all we can do. I mean, so I would just make sure that that relationship is...
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
So what's your plan as of now for the $150,000 to be paid off? How fast do you think you guys can do it? 18 months?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Yeah, I mean, if you guys lived on $70,000, and then I'm thinking if you apply this $30,000, you could knock it out pretty quick. So to answer your question, Jake.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
What? Because, yeah, $200 is gross. So you guys are probably coming in at, what, $130 after taxes?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Right around there. And if you lowered it to 120 and you guys lived off of 70, that would take you two years. Maybe if you did some extra work, incomes go up in general. Yeah, 18 to 24 months. So yes, to answer your question, I would apply $29,000 of that $30,000.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
keep a thousand dollars for an emergency fund and i would go all hands on deck i would not be thinking about a house while you have this debt um if if you guys decide to start a family which we encourage people that yeah if getting married and starting a family don't don't not do those things because you have debt right so if you guys decide in six months like we feel like gosh it's time to start a family then if that's the case i would pause everything
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Not pay extra on the student loans. Just keep them current and be piling up, you know, a big savings. And in nine months, you guys can put a lot in savings when you do that. And then, you know, when baby comes and everyone's good, just apply that nine months of savings to back to the debt. So that would be a time deposit.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
And then, you know, as car stuff starts coming up, and if you know, like, you know, a good amount ahead of time, then you... But if you don't want to replace a car while you have debt, I wouldn't. I agree. That's what I was going to ask, though. I would drive those things all the way through.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
We're a Toyota family. Toyota, Lexus, like in that family.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
And Hondas. We'll give Hondas a shot, too.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
How much could you sell it for? what uh i've been i've been told two thousand i've already tried two thousand i've been three thousand one thousand how much less than a thousand yeah you're out of your mind three thousand dollars people may want a great toyota that has lasted jake from richmond i'll bet you it looks like it's got 350 000 miles on it too am i right jake
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
in a healthy place because the calls that we do get a lot on here are when a family member dies and it's handed off to siblings and their adult siblings with other kids, it starts to get messy and all this. So if you can shore up that relationship, that's what you can do. But yeah, I mean, you can't force them to tell you guys.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
So Jake so what I would do for real though If you feel like It is on it's last leg which I get 350,000 miles it probably is Try to rip somebody off for $3,000 But I would go get a $6,000 car I would not go spend $20,000 on something Go get a beater again That maybe has 200,000 miles And for 18 months 2 years just drive that car
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
And then after you guys are out of debt, that's when you can think about stepping up with cash into something else. But I would use as much of this money to put towards the principal of your student loans because that's going to help you guys so much. I mean, it really will from a mathematical standpoint. So I'd rather drive a crappy car and get this done.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Ken is on his laptop, Jake, just so I can give you context. I really enjoy this. And he is on a car website.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Yeah, it has. But it's going to die soon.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
It's not. It's not different colors. It's just a silver car. You would never know.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Yeah. but that's okay and that's why you do why we do it we get it from a to b so a to b that's all we're looking for yes for this time period so so yeah so i would put um as much as you can jake that you guys feel comfortable with um again with the car replacement and an emergency fund everything else needs to go to this and then so you guys are in a perfect position to jake
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If You Want to Build Wealth, Stop Acting Like Everyone Else
to go and earn some extra money on a side hustle before kids. It is the time to do it. It really is because, you know, and we talk to families all the time that get out of debt with kids, right? I mean, that is a lot of our audience, but it's hard. Like when you have a full day of work, you pick up your kids and then you have to go to another job and a spouse has to stay home and do bed.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
I mean, like it just gets really complicated and it gets more and more tiring and more difficult. And so you guys are in a perfect season for six, eight months, like go work extra, right? Bring some of that in. What do you got? What do you got for us, Ken?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Tyler, can I ask, why are you guys selling? to move to a different area?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Okay. How far? I'm just curious from where you guys currently are to where you want to be. Is it like a 30 minute difference or is it like a 10 minute?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Oh, like a totally different area. Okay. I'm sorry. I got you.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Okay. That's great. So, um, so yeah, Tyler, I would for sure. Um, yep. When you guys get, um, that 200,000, I would yes. Apply it to the 42. Go ahead and pay off your debt that day. I would set some money aside at this point for you guys. Do you have, do you have any kids?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Okay, okay. And do you guys both have pretty stable jobs?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Okay, so because of that, because of the kid element, and it's on one income, and it's a variable income, I would probably just put aside six months of an emergency fund.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
we always say three to six months, but three would be, you know, if it's, if you're single or if you don't have any kids and you both have pretty stable incomes, you could do more of the three, but because it's a little bit just to give you guys some extra safety. So I would figure out your monthly expenses, multiply it by six and out of that one 50, put that aside.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
And I would just open up a high yield savings account. This is my, my husband and I did and label it emergency fund and you don't touch it. And then I would leave the rest, which would be what, how much do you think an emergency, a six month emergency fund would be for you guys?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Oh, wow. Okay. That's fantastic. Okay. So, so yeah, so the 160 that's left, then I would just keep it in a high yield savings. Honestly, Tyler, I probably, I would not invest it because you guys are going to use it for a down payment in the next, you know, two to three years at the latest, probably. Um,
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
So, yeah, I would if it's not more than five years, if it was more than five years, I would invest. But you guys are in a position and you may even pull the trigger faster, you know, if you see a great house, because the sooner you get in the market, honestly, the better it's going to be. And you guys will have a great down payment.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
So I would just put it in a high yield savings and just let it be there. Yeah.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
It'll say high-yield. So high-yield savings, a money market account, it will say it. And this is not a plug. It's just what we use. We use Ally Bank. Usually an online bank is going to be better for high-yield savings. You're going to probably get a little bit of a better rate of return.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
versus a brick and mortar standard bank so we we have our checking with a kind of a local bank uh that has brick and mortar and then we have an online high yield savings we just have it through ally i know there's a couple of companies that are out there but you can even just google and honest and and i don't know there's there's a lot out there just make sure that there's no because some some banks you know if they're online you know we'll charge you like weird fees and like so kind of look into the fine print and just you know get a great option but something like ally is totally fine
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Okay. And have you guys run out numbers? Because that's going to leave you, you know, 1.2 left in retirement. And have you guys run numbers on that or how long you're going to be working, just making sure that you guys are in a good spot long-term?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
It's not happening. The family money dynamic, you want to wade in carefully, especially as an in-law. And my in-laws are so wonderful. They are very open with us. And every other year, we get together as a family. And his dad has even said to the in-laws, I want your thoughts and opinions. I mean, they're very kind in that way. But I still... and very aware I'm not their kid.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Yeah, for sure. And you know what, Kevin? I would sit down with a SmartVestor Pro because I would want to make sure that what you're pulling out principle-wise, which avenue is better through like the Roths or a 401k, if that's a better play, or just any standard mutual funds you guys have. Because some of these gains on the pre-tax you're going to pay capital gains on some of that too.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
And so there is a little bit of a strategic play that in the next, you know, 30 seconds, I'm not sure if I'm going to be able to answer that. So, so yeah, I mean, I think from a number standpoint, you're not being irresponsible at all. But that next step is yeah. How, how and which investments to take out of.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
And I would talk to your financial planner to make sure you're doing that from a tax perspective, the wisest way. Yeah.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Like, like, like there's, you know what I mean? Like there's still a, and even like, I think even within the Ramseys, like they know everything. And again, mom and dad would love and appreciate and respect the opinions of the in-laws for sure.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
But there's still just that small level of just social awareness of like, okay, these are not my parents or, you know, I'm the in-law that I think is appropriate too. I don't know. Maybe people disagree with that, but I think there's a level of like when you are their kid and blood, um, There's a level of holding that they have that an in-law never will.
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If You Want to Build Wealth, Stop Acting Like Everyone Else
$64,000. What is that? Will you break that out for me?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
And where are you living right now, Brandy? Are you renting?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Okay, that's great. So you'll have $98,000 after the sale of this house. And average, you know, median days on the market right now is around 70 days or so. So hopefully in the next three to four months, your house will sell.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
um so it is this is short term in a sense but that 98 000 um from there i would direct you out because all your debt will be paid off at that point um yeah i'd like to get to baby step four i think i'd be able to do that with the sale of this home i think it's just the short term but i'm trying to figure
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Yes, so that's how I was going to Okay, that's great Because Ken is right For the short term For the next I mean, make it a goal For the next six months To bring in an extra two grand a month And you can Because of the programming skills You know, at the beginning of this call, Brandi Just where my mind was going I almost was going to encourage you Even though you love your job A lot of us love things But we just don't make enough money to cover it
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
I was going to encourage you to to maybe work somewhere else for two to three, four years just to get some really good financial gain under you. And then you can always go back to the nonprofit down the road. But but there is something to be said that, you know, because you're what you're giving up when you're doing those side hustles.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Is more hours of your time where you could be making that same amount in a shorter amount of time. Right. And so I mean, I don't know. I know you love your job and I'm sure it's an incredible nonprofit and and they do incredible work and people that work in nonprofits, you know, there's such great work there.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
But when you are a single mom with a list of disabilities, there's only so much you can do. I mean, you need to financially get in a spot where you're taken care of and you have money saved in the bank. You're working for a down payment on a home. I mean, there's some stuff there that's real. I mean, it's something to consider. I don't want to push you into it, but I would consider it.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
that it's obviously not a great relationship.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Or know somebody who knows somebody that needs it.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
I mean, they are the toughest.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Oh, my gosh. I don't know how they do it. You guys are amazing. Well done, Brandi.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
No, it's probably not going well.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
And I will say, though, too. Fairly. I will say, too. It depends on the day. That generation, the parents' generation, too, is a more private generation, right? You think about late boomers, even into the generation before them. So in her defense, they could just be very private people. I agree. That don't feel comfortable, regardless of whether they have a relationship or not.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Yeah, I think that, you know, the two biggest myths that I feel like over the past couple years, we keep seeing that people are still believing is, well, rates will just rates will go back down, they'll go back down, they'll go back down. I don't know if we'll ever see 2% again.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
time i mean i don't i mean it's just not i mean they're dropping skeleton i think i mean yeah so so again it's not like it's going to go from six to two in six months like it's just not so if you're ready you can always refinance if it does drop that drastically but it's it's probably not and the other thing is house prices are not going to take a nosedive you know that was a big thing for a while people thought like 2021 2022 like oh it's a bubble everything's going to pop certain markets will have you seen austin texas
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Well, Austin is an anomaly. That is true, yes.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
But they are correcting. It's a correction. There's a correction, but it's not going to drop.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
It's not going to go down. A million-dollar house isn't going to go to half a million. They're pretty much stabilizing for the most part. It's softening to a degree, but again, it's not crazy. It's not this bubble that's going to pop and you're going to get all these foreclosures like we saw in 2007, 2008. I'm going to predict a Trump bump.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Yes. Well, so much of this is perceived confidence, right? When people feel just good in general and they feel good about where the economy specifically is heading.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
And her reasons were good. To say.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Yeah, which would equal what?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
uh we don't we actually make uh these decisions together which is okay you threw me off when you said her debt well yeah yeah yeah yeah but you guys have like yeah it's different either way so we okay so we got 655 plus her 25 i'm trying to give rachel okay how much do you guys make a year kevin we make 130 kevin what the crap have y'all been doing i know
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
oh man just living just living wow yeah you know and normal and let me say that kevin i mean this this literally is america i'm like this is normal you're racking up you know credit card debts two brand new cars i mean this is this is uh this is it okay so what's gotten you to the point you said i'm sick of it what has what's kind of what's kind of brought what's brought it to a head that even caused you to call today
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
That'll do it. And how is your wife feeling right now?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
How much is your mortgage payment a month? $3,700. Okay. I mean, that's getting up to, what, 40% of your take-home pay?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Okay. So here's what I do, Kevin. So this is going to be real quick. This is going to be very painful to implement. It's much easier for me to sell you all this. I would put the house on the market. I would sell it. This is way, way out of bounds. You have too much house. It's taking 40%. And then think about all these other payments. You guys are barely able to eat.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
I'm like, this is taking up so much. So if I were you guys... I would sell the house. I would sell the cars. I would be working 80 hours a week, and I would clean this up. That's what I would do. I mean, would you get any equity from the home if you guys sold?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Because your income, the ratio of what you guys need to pay for rent and mortgage needs to be about half of where you're at because you're house poor. I'm like, you guys, you know, so I would cut up the credit cards tonight. You have to have, keep this...
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
feeling of i'm done i'm done i'm done i'm done and you you you have to get dead out of your life you have to stop and i would be selling everything in sight including those cars and get your head above water you guys have you know three to four year journey here but you you can do this uh hold on the line taylor's gonna pick up and we're gonna give you guys financial peace university which is our nine lesson course um and and you guys watch this together and just implement these steps it's gonna be hard but worth it this is the ramsey show
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Exceed the success so much more than you are.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Yeah. What was her degree in?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
What did she get her degree in? Mass media?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Did she go out of state to a private college? Where did she go to school?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
And how much is she making now?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Okay, so how much are you guys bringing in a month after taxes? Like what's hitting your paycheck right now? Or like what's hitting your bank account, you guys together?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Okay. Um, what are you doing for work?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Well, and she's not making... I mean.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Yeah, I mean, yeah, yeah, yeah.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Well, yours is $33,000 student loans, right? Oh, you got that? Yeah, and hers is $120,000.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Yeah, but is she making close to, what, $30,000? That's what I'm trying to understand.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
So, I mean, here's the fast track of it all, which you're probably not going to like. But if getting out of debt is your number one idea, you guys both have to make more money. And if this is her dream and what she wants to do, is she only on air for a certain amount of time? Like, what are her hours? Is she an early morning anchor or reporter, you said?
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
Well, that sounds good. I mean, like, I don't know if for a short term there's a shift and you go find something making $45,000, right? I mean, like, you're just like even $15,000 more with a side hustle, which I know crushes her dreams. And this is not to pick on your wife, River, or you. But, America, this is what we're talking about when we talk about student loans.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
She took out $120,000 in student loans to make $30,000 a year. Yeah.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
I mean, honestly. And so there is a... a lesson to be learned always. But for you guys, I mean, you're in it now, so obviously you can't go backwards. So, I mean, if I were her, I'm like, you know what, I'm going to do anything for two to three years to get this cleaned up.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
That's the ladder. But that takes time and there are limited positions.
The Ramsey Show
If You Want to Build Wealth, Stop Acting Like Everyone Else
And I would go, I mean, I could be wrong too, but I feel like that's a hard industry to have any level of freelance. You may be better waiting tables from seven to ten at night. You know what I mean? Like, yeah, yeah, yeah. So it's the income problem, River, for you guys. I mean, you just have to up your income.
The Ramsey Show
Stop Letting Other People's Problems Ruin Your Finances
All right, Dave, you have some strong opinions. Possibly, yeah. Yeah, I think so. Okay, because you really prefer credit unions over big banks. So why is that?
The Ramsey Show
Stop Letting Other People's Problems Ruin Your Finances
Yes. Well, and I think we have found one that is incredible, and that's Fairwinds. They are an incredible credit union that is really out with the heart to help the customer.
The Ramsey Show
Stop Letting Other People's Problems Ruin Your Finances
Yeah, absolutely. And you're right. Their customer service is unbelievable. Winston and I just signed up, and we got an account. And I'm like, Kenny, it took less than five minutes. It was so user-friendly. The step-by-step approach was unbelievable. And then the next day, my phone rings, and it says Fairwinds on my phone.
The Ramsey Show
Stop Letting Other People's Problems Ruin Your Finances
So I answered it and talked to someone there, and they said, yeah, they give – calls to every new customer. And so again, they just really care about your experience. And I so, so appreciate that. So again, you guys, I know it can be a pain to switch banks or to open up new accounts, but Fairwinds, again, they make it so easy.
The Ramsey Show
Stop Letting Other People's Problems Ruin Your Finances
Plus anything that you can do at a traditional branch, you can do with them at fairwinds.org or on their app. And you'll have free access to over 33,000 ATMs.
The Ramsey Show
Stop Letting Other People's Problems Ruin Your Finances
Yeah, you guys, it's so easy to join Fairwinds no matter where you live. So go to fairwinds.org slash Ramsey to learn more. That's F-A-I-R-W-I-N-D-S dot org slash Ramsey.
The Ramsey Show
Money Is a Tool To Create a Life You Love
And to break that cycle is so, so difficult. And as Dr. John Deloney says, who works with so many people in this area, says that it's rare to have someone actually break it. So when you do, it is a... Something to be celebrated. It's an applause. I mean, it really is, Sarah. So, I mean, I just commend you for that. I know that was 12 years ago, but that's incredible. Absolutely incredible.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Yeah, George, when we think about part of the baby steps and what she said, I loved because, yeah, it's baby step. You know, they're past baby step two. They're moving on for that fully funded emergency fund and so forth. And there is something so freeing from the sense of. Yes, the dollars and cents are there, right? We're being wise with our actual tactical money. That's very important.
The Ramsey Show
Money Is a Tool To Create a Life You Love
But it's so much bigger than that. It is like the place where money sits in our lives, the value of which we give it. And when you are out of debt, you have that emergency fund. You don't have to be obsessed with it. You don't have to stress about it because you're setting yourself up so well. And what that speaks to your kids and a household is everything.
The Ramsey Show
Money Is a Tool To Create a Life You Love
To me, that's part of changing the family tree. It's not just... from a monetary standpoint, but from an emotional standpoint, that money doesn't have to be a stress point in our lives because we have control over it.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Totally. Yeah. Yeah. And as parents, you know, whatever you can do, you know, we always say more is caught than taught. But from, again, that standpoint of money, we're going to get in control of our money because, yes, from a monetary standpoint, we need to know where our money's going. We want to be debt free. We want to start investing and letting the math work for us, like all of that.
The Ramsey Show
Money Is a Tool To Create a Life You Love
But more importantly, realizing that money's a tool. It is a tool to create a life that you love. That's what it is. It is not good. It is not bad. It doesn't have morals. And so how can that lesson and where money is placed in your life and in your heart and your identity, what your kids see, that speaks louder than words. This is The Ramsey Show.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Investing can be one of the areas of money that can be very overwhelming and confusing and it's not something that you're going to just know everything about that world in a 60 second Instagram reel. And so if you really want to dive in to understand how to do this part of your money well, how to invest well,
The Ramsey Show
Money Is a Tool To Create a Life You Love
And how to make sure that you don't make any mistakes when it comes to this, because that can be very costly. Make sure to check out our Investing Essentials virtual event. And it's going to teach you everything you need to know on how to get started with investing and how to maximize your investments. So it's happening March 4th and 5th. Tickets start at $199.
The Ramsey Show
Money Is a Tool To Create a Life You Love
And it's hosted by Dave Ramsey and George Camel.
The Ramsey Show
Money Is a Tool To Create a Life You Love
And you guys have done this event before and it sold so well and people loved it because you guys are really diving into the tactical side of investing and like, hey, what does this really look like? And it's everything from stocks and mutual funds to retirement to real estate and all the areas of it.
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Money Is a Tool To Create a Life You Love
Kind of like a comeback. So get your tickets today at ramseysolutions.com slash events or click the link in the show notes if you're listening on podcasts or YouTube. All right, let's go to the phones. And we have Zach in Albany, New York. Hi, Zach. Welcome to the show.
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Money Is a Tool To Create a Life You Love
All right. So tell me about the car. What car do you want to replace?
The Ramsey Show
Money Is a Tool To Create a Life You Love
OK, so it's more of a more of a convenience upgrade, if you will, not that the car is falling apart and we have to replace it. So not urgent, but more just out of like, yeah, the convenience of stupid question.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing experiences. I am Rachel Cruz hosting this hour with my good friend and best-selling author, George Camel, and co-host of the Smart Money Happy Hour. That's right. We do another podcast together. And so we are here to answer your questions.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Okay. How much is in there? Priorities have shifted. Yeah, how much is in the brokerage account?
The Ramsey Show
Money Is a Tool To Create a Life You Love
Yes, I mean, so yeah, either way, Zach, let me say this. Routes A or B would work, okay? So I always like to find, I don't know, road C. Like, is there like a third option in there that feels good to both of you? Meaning you're running the numbers in the math. You're seeing, oh my gosh, if we put 80 grand towards this house, you know, you're putting it towards the principal.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Like you're not gonna, like you're seeing the math, like really, you know, it's on your side majorly in that way, Zach. So that totally makes sense. So I'm just wondering if, you know, you guys don't have a second kid. And I think what you both need to say, because you haven't really said it on this call.
The Ramsey Show
Money Is a Tool To Create a Life You Love
And I think I just need to hear it from you that you guys do not need this car, that people function with two babies and Camrys all the time. And is it squished? Absolutely. But like you guys would be OK. Can we just can we say that out loud?
The Ramsey Show
Money Is a Tool To Create a Life You Love
Totally. No, no, I hear you. And the car is not bad. Getting a Yukon is not bad, Zach, at all. But I want to make sure because this is where lifestyle creep... a little bit starts to play in. And I think if you both said, yes, we do not need this. Like, we would be fine. We could have two babies in the car that we have now. It's a small SUV. We would be fine. But I would love a great SUV.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Like, that's what I would love. I would love it.
The Ramsey Show
Money Is a Tool To Create a Life You Love
But I want her and I want you guys to be on the same page of why you're buying it. Because I don't want her to be like, no, no, no. It's like... I have to have this. Everything is just too small and I can't do it. Because if that starts to be the mindset, what's going to end up happening, again, it's lifestyle creep. Your life just starts, you spend more and more and more and more.
The Ramsey Show
Money Is a Tool To Create a Life You Love
And what we need versus what we want starts to really blur. So I think I would feel better if I knew, Zach, that both of you were like, yes, we do not need this car. We would like this car. Listen, Zach, I have a minivan. I would love a Yukon. I get it. I would want one. I don't need one, but I would want one.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Yeah, you guys are going to be fine, especially because of your income, right? If you guys were making $100,000, I would slow all of this way down. And say you're buying too much car. But you guys make $300,000. Okay, I want my question answered, Zach. Do you think your wife, would she emotionally say, yes, this is a complete want, it's not like a need, like we absolutely have to have it?
The Ramsey Show
Money Is a Tool To Create a Life You Love
Totally. No, I hear you. Yes. You're, you're a great husband, Zach. So, yeah, I would move forward. I would buy it. And, again, especially since you guys for sure are having to. And from an income standpoint, what you guys have left on the mortgage and all of it, I think, yeah, I think you guys will be in a great position.
The Ramsey Show
Money Is a Tool To Create a Life You Love
I will say, babies can make everything very emotional, though. So I'm glad that Zach's sticking to the facts and the numbers, and the numbers look great. So present permission to spin, Zach.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Bare minimum. And congrats, Zach. We are excited for you.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Today's question of the day is brought to you by WhyRefi. If you are struggling with defaulted private student loans, WhyRefi offers a great solution to get you back on track. For a low fixed rate and more flexibility, go to WhyRefi.com slash Ramsey today. That is the letter Y, R-E-F-Y dot com slash Ramsey. May not be available in all states.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Yes, and not mention it. And the way that you're, when you said, you know, we've followed the principles for years, I'm assuming that means you guys are on the same page. You're talking about money. I mean, there's some couples that, you know, they don't know what the other one's doing. But if you are following a level of Ramsey, then that means you are...
The Ramsey Show
Money Is a Tool To Create a Life You Love
you know connected and you're talking about money so the fact that he didn't bring it up that feels that feels very off to me very off yeah and the fact he opened up credit cards in your kids names well i'm guessing he it's in his name they got cards with their names on it as authorized users Yeah, because if you take out a line of credit for a child, right?
The Ramsey Show
Money Is a Tool To Create a Life You Love
Yeah. Well, what we've heard too is people calling the show saying, yeah, my parents took out debt in my name to build up a good credit score. And then they ended up- Destroyed my credit. Yeah, destroyed the credit because they couldn't handle it. And so you're just like, oh, it's, yeah. And it gets to be a fine line too of identity theft. I'm like, if you're, you know what I mean?
The Ramsey Show
Money Is a Tool To Create a Life You Love
Like, it's kind of to a point of like- There was no consent here. I mean, yeah, so it's... I don't like it. I don't like playing the game. And so, yeah, but a lot of... It is a TikTok trend.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Yes, there's so much more freedom, you guys, when you're chasing the credit score. You can live life without a credit score. You can do everything you just said without a credit score. It is possible. You can even get a house through manual underwriting without a credit score. And so, yeah, I think like you said, it's good intentions. I'm going in saying I'm trying to set my kids up.
The Ramsey Show
Money Is a Tool To Create a Life You Love
But you're falling right into the system that gets so many people, millions of people stuck. and in that wheel of debt. And it's like, it's not worth it. It's not worth playing the game. And then let alone having any level of risk for another human being of their financial wellbeing, that if you screw this up, it doesn't just hurt you. It's hurting your kids then at that point.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Well, because, yeah, you got three kids. So you're going to be going, you know, you're going to go to the pediatrician during the winter. Yes.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Good to go. All right. Let's go to Holly in San Antonio. Hey, Holly. Welcome to the show.
The Ramsey Show
Money Is a Tool To Create a Life You Love
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The Ramsey Show
Money Is a Tool To Create a Life You Love
,,,,,,,. P P P P P P G實 ac , , , , , , , , , , , , , , , , , , , , , ac a The fourth way to literally buy happiness is to buy experiences with the people you love. So that can be a great dinner out, that can be a vacation. So I'm saying, oh, and then the fifth thing that does not buy happiness is buying stuff. You get a temporary hit and then no long-term happiness through that.
The Ramsey Show
Money Is a Tool To Create a Life You Love
So you are doing this very wisely. And this is something that you, we always say you wanna give, you wanna save, you wanna spend, and this is your spend. And I want you to spend it in this way because I think it's gonna be such a fun week for you and your family. And yes, you have our full permission. And you have my permission to upgrade you and your wife to first class. So just take that.
The Ramsey Show
Money Is a Tool To Create a Life You Love
No, because then you're buying stuff, George. He's not going to get happiness doing that.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Jeff, this is going to be so fun. And, you know, I'm kind of messing with you. But honestly, one of the most powerful financial principles is contentment. And Jeff, you just sound like such a content guy. Like your priorities are so in line. And when you live like no one else, we always say you get to live and give like no one else.
The Ramsey Show
Money Is a Tool To Create a Life You Love
And Jeff, they're going to be living like no one else in the Caribbean with a paid for vacation, making great money. And I mean, and just doing it. It's awesome.
The Ramsey Show
Money Is a Tool To Create a Life You Love
And it's $9,000, right? It's not $29,000 or something. We're not talking about that.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Jeff, I really am. I'm so excited for you and your family. Enjoy that Caribbean vacation. It's going to be so fun.
The Ramsey Show
Money Is a Tool To Create a Life You Love
There's a time in your life and at the baby steps for renting, but you don't want to do it forever because when you rent, you're still paying for a mortgage, just somebody else's. Plus, rent means instability in your budget because it always goes up, never down. So when you're ready to buy, make sure you work with a mortgage partner you can rely on. Churchill Mortgage.
The Ramsey Show
Money Is a Tool To Create a Life You Love
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The Ramsey Show
Money Is a Tool To Create a Life You Love
Now it's extra money in your pocket and an asset towards turning you into a Baby Steps millionaire. So get started on the American dream of home ownership today at churchillmortgage.com. That's churchillmortgage.com.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Well, if you are a business owner or you know someone who is, you know that running a business is hard. It's a lot of work. A lot of energy goes into that. And as you look back at the challenges that you face when it comes to building a business the right way,
The Ramsey Show
Money Is a Tool To Create a Life You Love
Dave Ramsey really kind of took a moment and said, yeah, I've been through this journey and I want to put some of these principles and what I've learned about building a business into a book. And so he has a new book out called Build a Business You Love. You can preorder it now for $29.99 and get over $315 of free bonus items. Heck yeah.
The Ramsey Show
Money Is a Tool To Create a Life You Love
My gosh, which is early access to the e-book, an enhanced audio book, and instant access to the Entree Leadership Hiring Playbook. So you can order today at ramseysolutions.com. Or if you're watching on YouTube or listening on podcasts, we'll put the link down in the description. All right, let's go to Claire in San Diego. Hi, Claire. Welcome to the show. Hi, guys. Thank you for having me on.
The Ramsey Show
Money Is a Tool To Create a Life You Love
All right. It's a, yeah, it's a great, it's a great question. Do you, this 70,000, was it, do you feel like he hid that in any way and it's just come out recently? Or was it a sense that you guys just kind of started talking about the subject and he just happened to say, oh yeah, and I'm, yeah, yeah, I'm dead. 70,000 worth.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Like, was it more just, was it more secretive or was it, no, we just ended up talking about the subject and then he told me.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Um, so yeah, I mean, I always, you know, I always think when it comes to relationships and debt, it's not always the debt that scares me. I mean, if you guys ended up going long-term, yeah, you would be helping pay the 70 grand off for sure. If you guys got married. Um, but again, the debt it's, I mean, couples have tackled more than that, you know, coming into a relationship.
The Ramsey Show
Money Is a Tool To Create a Life You Love
So I would not, not marry someone because of that personally, but it's more of the value system. Kind of what you were speaking about earlier, um,
The Ramsey Show
Money Is a Tool To Create a Life You Love
um that can raise some red flags so i'm trying to get claire from you because knowing that opposites attract and that is so normal okay so winston would probably describe me the way you describe town that she likes to shop and she likes to spend money and winston would save till the day is long and that's all we know um and and so so there's going to be savers there's going to be spenders there's going to be that the person in the relationship that
The Ramsey Show
Money Is a Tool To Create a Life You Love
loves knowing every single number of everything. And they have Excel sheets and they have the EveryDollar app. I mean, they're doing everything possible where the other one's like, oh yeah, we're on track. We're good. I don't need to know every single little detail. That's the free spirit. So there is going to be a give and take and a personality tendency with money.
The Ramsey Show
Money Is a Tool To Create a Life You Love
So give us a call at 888-825-5225, and we'll be talking about your life and your money. So kicking us off this hour is Marissa in St. Louis. Hey, Marissa, welcome to the show.
The Ramsey Show
Money Is a Tool To Create a Life You Love
So I'm trying to get a check from you. Is it just a different tendency and he just spends because he probably is more of a spender? Or do you feel like... No, it's bigger than that. There's a problem. There's an issue here. And that's what I'm trying to gauge from you. What do you think?
The Ramsey Show
Money Is a Tool To Create a Life You Love
So I think some questions I would ask is, is that value standpoint that you don't want to be having someone that's going into debt to do these things, right? That you want the baselines covered and that's... you know, a level of wisdom and, and, you know, being out of debt, having an emergency fund, having savings, like all of that, that is wisdom. And we want all of those first and foremost.
The Ramsey Show
Money Is a Tool To Create a Life You Love
And then if there's some extra that, yeah, we can spend on top of that, but making sure with him, like, Hey, is living with debt in that lifestyle, you know, what does that look like for you? What's that value system?
The Ramsey Show
Money Is a Tool To Create a Life You Love
And if he really is like, oh yeah, I don't want to, you know, I want to be able to get out and I don't want to live with credit cards and debt and all of that, then that's a checkpoint, right? It's like, okay, that's good. And then you can even ask him, because all spenders, I think,
The Ramsey Show
Money Is a Tool To Create a Life You Love
understanding our motivation, or I would say savers too, understanding the motivation of why you do things gets to the heart of it. And so the motivation in that, and for spenders, sometimes the motivation is fine. And it's like, yeah, it's just kind of a thing I wanted. I saved up, I have the cash for it.
The Ramsey Show
Money Is a Tool To Create a Life You Love
I'm not under some illusion that this purchase is somehow going to make me happy for the rest of my life. I'm not bought into this illusion of marketing and all of that. I just wanted the thing and it's great. But then sometimes, Claire, you know, as a spender and I can speak for myself, I ask my question a lot of, OK, Rachel, why are you buying this?
The Ramsey Show
Money Is a Tool To Create a Life You Love
And if I can be as honest as possible, it's like I'm kind of bored and I want some excitement and that's why I'm doing it. Or I always ask myself, if nobody sees this purchase, do I still want it? How much of my motivation of having and buying something is for other people and not even myself? Right. So getting to more the heart of the why behind it, I think.
The Ramsey Show
Money Is a Tool To Create a Life You Love
may help you see either, oh yeah, that gives me some peace. If you can have some level of awareness of why, because the way we spend our money always is gonna tell a story about ourselves, right? So understanding that, or maybe Claire, you find out some things and you're like, That feels like a slippery slope, right? So I think through some of those conversations will be interesting.
The Ramsey Show
Money Is a Tool To Create a Life You Love
But I will say for you, it's going to be a little bit difficult. So give him some grace because you are coming from, like you said, you're a saver. You're raised by savers. And you're like, I don't even know what this alien, which is a spender, looks like. Like, how do they function? And are they okay? I mean, so give him some grace there.
The Ramsey Show
Money Is a Tool To Create a Life You Love
But I think have some discernment around it, I think is important.
The Ramsey Show
Money Is a Tool To Create a Life You Love
But the second one's just a toy. I mean, again, I'm not trying to defend him by any means, because again, it could just be a mess, Claire, and you may be like, oh my gosh. But you know, like you said, he may be just doing what he has seen and doesn't know a difference.
The Ramsey Show
Money Is a Tool To Create a Life You Love
So then another, you know, bucket I would put, not to vilify his family by any means, but to be like, hey, what are things that your family does with money that you like? And what are things that you don't like? You know, and ask him open-ended questions. And then seek his humility. Is he willing to learn and do something different?
The Ramsey Show
Money Is a Tool To Create a Life You Love
If he's stubborn in something in a way, you know, again, that's more of the yellow-red flag. So there's some digging there. But just because he's a spender, Claire.
The Ramsey Show
Money Is a Tool To Create a Life You Love
She is. You are worth it, Claire. This is The Ramsey Show.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Going to the phones, we have Paul in Washington, D.C. Hey, Paul. Welcome to the show.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Amazing. Yes, absolutely. Well, thanks for doing it. Thanks for being a listener. How can we help?
The Ramsey Show
Money Is a Tool To Create a Life You Love
This is crazy, Paul. Why would they do that? Like, I don't understand why they wouldn't just open it up in the child's name and then hand you guys over the account. Why do they want control over that?
The Ramsey Show
Money Is a Tool To Create a Life You Love
Yeah. I mean, no, your line of thinking is spot on. Again, I go back to... It's so interesting to me that they want... that level of control because you can open up a 529 in a child's name and you give all the rights to the parents and then the parents just handle the account over there, right? I mean, like that does happen. Family members do that.
The Ramsey Show
Money Is a Tool To Create a Life You Love
So I don't understand why they still want control over it.
The Ramsey Show
Money Is a Tool To Create a Life You Love
No, well, yeah, I mean, it's so, you know, it's, Paul, gosh, the strings attached element, that's what I'm trying to get at, is the element when it comes to families and giving gifts, right? We talk to a lot of people on the show and there's a fine line between enabling. Some people call and they're like, oh my gosh, my sister still needs money because she can't hold a job.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Am I enabling her or am I helping her? You know, like that's a conversation. But when it's over here with just a gift and they say, yeah, we just, we want to be able to help our nephew. The healthiest way to do that is no strings attached, that I am giving this to you. I don't need control over that anymore because it's a gift. It is now yours.
The Ramsey Show
Money Is a Tool To Create a Life You Love
And because it's in your child's name, you as the parent should be responsible for that, right? So you're knee-jerking this, and you're exactly right. That gets very messy, especially if they are wanting a say over how he's going to use it when he's 18.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Okay, you wouldn't have a conversation, George.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Yeah, I would sit down and have the conversation, Paul. I would, and just say, hey, yeah, this, it just, it's, I, and put it on you, right? It's not, oh, well, you're doing this. I don't feel comfortable as Paul the dad. Yeah, I don't feel 100% comfortable because I don't know what the next 18 years is going to look like for my child.
The Ramsey Show
Money Is a Tool To Create a Life You Love
And I just want to be able to know that, number one, college is funded and that as parents, we're going to be able to do that and we're going to do that on the side. And depending on what he wants to do with that money, I want us as a family unit to to be able to make those decisions together and not involve you guys in all of them. And so that's really what we're setting up for our family.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Thank you so much for the offer. If you guys want to continue to put money in there or it just sits over there, that's totally fine. And maybe at 18, he may use it. He also may not. I don't want to... tie my son to this either.
The Ramsey Show
Money Is a Tool To Create a Life You Love
So if you guys emotionally are great with it, have an empty hand and say exactly what George said that, you know, and if he doesn't end up using in this account, you can actually move actually $35,000 over to a Roth IRA. There's an option there or move it to another child in the family. That's an option. But I want all of this just to be said out loud as we start this.
The Ramsey Show
Money Is a Tool To Create a Life You Love
And that's what we're feeling and thinking. But thank you so much. I mean, that's so kind of you guys to even offer. But yeah, but I'm not 100% comfortable with every element of that deal.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Yeah, there could be a hundred percent. Yeah. I mean, we get.
The Ramsey Show
Money Is a Tool To Create a Life You Love
I mean, yeah. And especially a 529 because it's it's for education. It's not like it's this big trust fund and it's like, hey, I want to make sure the 18 year old is like semi mature before they get this money. But from a character standpoint. It can only be used for education. So I'm like, I don't know. There's not much you can like screw up there.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Unless Paul's, you know, I'm kidding, Paul. I was going to say, unless the brother is like, oh.
The Ramsey Show
Money Is a Tool To Create a Life You Love
We should start a new show, the Family Conflict Show. Hey, Paul, we got your brother online.
The Ramsey Show
Money Is a Tool To Create a Life You Love
You did all the hard work. Yeah, you did it. So yeah, for sure. Wait a year so you don't have to pay that 10%. But then I would take it out and invest in, like George said, kind of that seven-year mark. It's always just an easy math, Holly, too, if you're like, okay. Because if you pulled out and put in a mutual fund... You know, you're going to get, you know, fifty five grand or so.
The Ramsey Show
Money Is a Tool To Create a Life You Love
All right, let's go to Savannah, Georgia, and we've got Blake on the line. Hi, Blake. Welcome to the show. Yeah.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Well, let me first just say, I would not be embarrassed by that amount. I think that you're doing hard work, and you guys are just shifting what life has looked like. I mean, up until this point, yeah, you guys were living one life. You're coming back and doing something else, right? And so that does not speak to who you are as a person, and so much in our world, our
The Ramsey Show
Money Is a Tool To Create a Life You Love
You know, just way more than you have in the annuity. Yeah. Tons. I mean, it's crazy.
The Ramsey Show
Money Is a Tool To Create a Life You Love
salaries and our income and our net worth becomes our self-worth right that is such an american mindset and so i understand it can it feels defeating um because you're like i'm working really hard and i feel like i'm not making enough to support my family so all of that that tension i'm so glad to hear because also like we get calls on the show and they're like my husband won't go to work and we're we don't have enough to make ends meet you know and you're like they won't swallow their pride yeah they won't swallow their pride and just do what you're doing so like
The Ramsey Show
Money Is a Tool To Create a Life You Love
There's so much upside for you, Blake, even from just the attitude of how you're approaching all of this. So just hear us say that first and foremost. And who you are in your character, honestly, is what takes you far in life. It's usually not a college degree in which you got your degree in, quote unquote, because half the people don't even use their degree.
The Ramsey Show
Money Is a Tool To Create a Life You Love
And so, yeah, so I think there's a lot of upside. So I'm curious, Blake, for you, you know, you're 34. Like, what would you want to be doing at 40? Like, what is a job? What is a career path? What is a line of work that gets you excited?
The Ramsey Show
Money Is a Tool To Create a Life You Love
And it's because of the fear elements that people are. I mean, and especially after an election year when they house a mark, when the housing market even feels like, oh, my gosh, it just everything just feels big and scary out there. And it feels safer to put your money in something like an annuity because you don't have the risk of everything.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Yeah. Have you guys, you said you did your every dollar budget. I'm curious, how much does it take to run your household each month?
The Ramsey Show
Money Is a Tool To Create a Life You Love
So I'm curious, Blake, is there anything in the area that for the meantime, that instead of trying to pair, because you could, you could pair two or three side hustles together. It's just going to be exhausting. And that's not sustainable long term. So I'm just wondering from your primary income, is there anything out there that's paying, you know, because right now you're making what, 27?
The Ramsey Show
Money Is a Tool To Create a Life You Love
So I'm wondering, you know, anything working at Walmart, you're going to make more than that. I mean, but is there anything in your area that, yeah, that you're able to make $40,000, $50,000?
The Ramsey Show
Money Is a Tool To Create a Life You Love
But yet your money's just, it's not making the return it could.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Yeah, and I'm even wondering if there's people in your area that, yeah, because Ken Coleman talks about this a lot, that so much of our work and getting that next step or that next job is more about the people you know. It's not about the application. And so, yeah, in your realm of people.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Yeah, if there's a business owner and they need admin work, right? I mean, like anything like that or even some remote jobs, Blake, which might drive you nuts being in the house. I'll tell you, I don't know, because you're probably an active guy. But yeah, if there's anything within your community, I think that's going to be your best bet, Blake, between now and the next year.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Instead of putting together, which you can, and you're going to have to do something soon because you can't be in the red for long.
The Ramsey Show
Money Is a Tool To Create a Life You Love
I was going to say, they make a lot, right? The financial.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Okay, that's great. You guys are making progress. Okay. Yeah, that's great. I mean, yeah, in between now and March, I probably would be doing some side hustle stuff. And if there's anything that you can do that goes straight to the consumer, we always find that you're going to make more doing that. So even if that's tutoring, you said that you're a substitute teacher.
The Ramsey Show
Money Is a Tool To Create a Life You Love
So if you can even tutor, doing something like that for the meantime, but looking for that main income to go up is going to be the key and kind of getting you on that right path. We're going to give you, yeah, Ken Coleman's career assessment. So Make sure to do that, Blake.
The Ramsey Show
Money Is a Tool To Create a Life You Love
And if anyone else is new like Blake and you want to know where you are with the Baby Steps, make sure to go and check your progress and receive a personalized plan. And you can click the link in the show notes, which is titled, Are You On Track With The Baby Steps? And complete that quiz. And this hour is up, George. And we'll see all of you guys live on radio and in the Ramsey app coming next.
The Ramsey Show
Money Is a Tool To Create a Life You Love
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The Ramsey Show
Money Is a Tool To Create a Life You Love
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The Ramsey Show
Money Is a Tool To Create a Life You Love
Welcome back. Going to the phones. We have Sarah in Riverside, California. Hi, Sarah. Welcome to the show. Hi, thank you for having me. Absolutely. How can we help?
The Ramsey Show
Money Is a Tool To Create a Life You Love
So this guilt, Sarah, I'm just double checking that the facts are correct. You didn't use this money immorally. It was more of a conviction that you personally had with it because of who it came from. And you just, the thought of using it just feels gross and you had to use it at one point. But from a legal standpoint, you used it exactly how anyone else would use it, right?
The Ramsey Show
Money Is a Tool To Create a Life You Love
To help run the household because you're taking care of a child and that other parent is helping with that, correct? Correct. Exactly. Yeah.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Oh, congratulations. So exciting. Thank you. Are you guys relatively healthy people, would you say? For the most part, yes.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Yeah, how much is in that account? In the account right now is... $2,000 and I used four of it. Four of it. And what are you going to do with it eventually? Are you going to give it to him when he's 18? Or help pay for a car when he's 16? Or college? Or what do you think?
The Ramsey Show
Money Is a Tool To Create a Life You Love
emotionally mature enough to be there yet sure okay um so what i'll speak to i'll speak to the money side of it sarah from the sense that no this is not a debt that you need to pay i mean you're you use the money essentially how the system works and you know you use it exactly appropriately and i know that doesn't sit well with you because of who it's coming from and that
The Ramsey Show
Money Is a Tool To Create a Life You Love
That totally makes sense to me. But I think kind of the quote-unquote debt going forward, which is not a debt, but is to say, okay, how can we best set up my son to have a life where he, from a financial standpoint, understands money, doesn't have to walk through this debt-free journey, and we're setting him up in order to do that.
The Ramsey Show
Money Is a Tool To Create a Life You Love
And that looks like things like maybe college or helping with his first car, whatever that may look like for you guys and for me. I wouldn't hold on to that emotional $4,000 anymore because I think you need to release that. But I think going forward, the motivation now is to pass a great legacy onto your son, regardless of $4,000 or not.
The Ramsey Show
Money Is a Tool To Create a Life You Love
So I totally understand how that can feel like, oh my gosh, we use this money and it feels so gross and I hate it because he's a terrible person. Um, but on, but you know, you, you guys were in a pinch at the time and that's what that money's for is to help take care of your son. And that's what you guys did.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Yeah. And Sarah, too, you know, give yourself a little bit of grace. You know, if this was a $60,000...
The Ramsey Show
Money Is a Tool To Create a Life You Love
you know thing or something and you're like oh my gosh she was supposed to use it for a down payment on a house or you know what I mean like a mag like I feel like like a like a lot of this magnitude and weight from a dollar standpoint I feel like we could go at it a different way because I could see you know the more money it is the more weight it feels right so um yeah so with this four thousand yeah I I want you I want you to release it for you Sarah again it's not about the dollars at that point to me it's it's that emotional attachment that's still there to him and
The Ramsey Show
Money Is a Tool To Create a Life You Love
And I want that. I want that release from you, you know, so whatever that looks like.
The Ramsey Show
Money Is a Tool To Create a Life You Love
OK, OK. Yeah, because I feel like for me, George, that's kind of how we've decided it overall of like health of the family.
The Ramsey Show
Money Is a Tool To Create a Life You Love
And my husband stepped up in more ways than I could ever even pray for. Well, and give yourself to so much credit, Sarah, because we talked to so many people on this show and women specifically that are in a situation and they don't feel like there's a way out. And whether from its financial type abuse where a husband's withholding and not allowing.
The Ramsey Show
Money Is a Tool To Create a Life You Love
I mean, that's kind of the way we've we've dictated it. I mean, I don't know.
The Ramsey Show
Money Is a Tool To Create a Life You Love
Yes, to physical, emotional. I mean, you can fill in the gaps.
The Ramsey Show
Your Future Self Deserves Better Choices Today
Hey guys, it's Rachel Cruz. Just about everything costs more these days and healthcare is no exception. So if you're looking at your healthcare options during open enrollment, be sure to check out Christian Healthcare Ministries. CHM is not health insurance. It's a biblically based health cost sharing ministry that's helped hundreds of thousands of families just like yours with healthcare costs.
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CHM is affordable, aligns with your values, and gives you more options for your health care. And you can join at any time, including open enrollment. Find out more and join today at chministries.org budget. That's chministries.org budget.
The Ramsey Show
Your Future Self Deserves Better Choices Today
Yeah, and what's so hard is I feel like one of those, especially the ones that I'm like, oh, it's terrible, are people that call in and their spouse has passed away suddenly, and they don't have life insurance. When you have to think through how am I going to pay my bills in the middle of all that grief, it's terrible.
The Ramsey Show
Your Future Self Deserves Better Choices Today
So life insurance is the one thing, especially as a mom with three little kids that I'm so big on for people to get because it's inexpensive. Zander is the place that Winston and I actually get all of our life insurance.
The Ramsey Show
Money Stress Isn’t Always About Money
Yeah, and always remember, when you're setting a very reasonable boundary or expectation for someone, you're not being cruel. No. Like, this is the world, and we have to pay bills. We have to do things, right? So you're not asking this, like, insane request, right? I mean, this is pretty basic stuff, Chris, so I don't want you to feel like the bad guy in it. I mean, seriously, it's...
The Ramsey Show
Money Stress Isn’t Always About Money
I don't know, it's pretty basic, but I'm proud of you and like really encouraged that you had the courage to set that boundary in hopefully a very kind way, which I think you did. You seem like a great guy. So sorry, Chris, but glad you called in. Hope we could help.
The Ramsey Show
Money Stress Isn’t Always About Money
That's so... That feels very extreme. Like, it's one thing if your parents kind of like turn their nose up at community college because they're very educated. New England's like, yeah, yeah, yeah. It's like, oh my gosh, can't believe you're going to go to community college.
The Ramsey Show
Money Stress Isn’t Always About Money
What is it? What kind of job? What kind of business is it?
The Ramsey Show
Money Stress Isn’t Always About Money
But to kick you out and take your car and your phone, I mean, that's a... Or if they said... Is there a religious element to this? Like to go to a Catholic school? I don't know. Or like any level of like a religion conviction there?
The Ramsey Show
Money Stress Isn’t Always About Money
It was just like he didn't break a rule. You just out-cleaned the pools, and the boss was like, I kind of want you instead. Yeah.
The Ramsey Show
Money Stress Isn’t Always About Money
Does she like, how much are you covering the bills in the house?
The Ramsey Show
Money Stress Isn’t Always About Money
Well, I just feel like, Max, that, I mean, you've put yourself in a caretaker's role at 19. You know what I mean? Yeah. And it's heroic, right, in one sense. I mean, you've really stepped up and helped your mom out. But this will be your whole life unless something else changes.
The Ramsey Show
Money Stress Isn’t Always About Money
And I feel like that's unfair to you in your life, in your future family, to feel like you have to be the one to carry this burden. And I understand, obviously, why that is. But long term, I just don't think it's fair for you to play this role. Right.
The Ramsey Show
Money Stress Isn’t Always About Money
Yeah, what do you do? Does your mom, like, lose the house with your two little sisters, right?
The Ramsey Show
Money Stress Isn’t Always About Money
Yeah, like it sounds like, oh my gosh, I'm abandoning my family. But what I want to relieve you of is that was never supposed to be your role. And like John said, if there was like a dire situation of something – That's another conversation. But yeah, I mean, it's a grown-up problem that your mom, who has two daughters at home, should be the one calling the show and saying, I can't pay my bills.
The Ramsey Show
Money Stress Isn’t Always About Money
What can I do? And looking at her budget and all of that. And I think you can help guide that, Max, but you can't even change the way she handles money either because you don't have that ability. We don't have the ability to change people.
The Ramsey Show
Money Stress Isn’t Always About Money
Welcome back to The Ramsey Show. The question of the day comes from WhyRefi. The Ramsey Show, this is one of our new sponsors, which we love, because if you are in default with private student loans, you need to contact WhyRefi. And obviously, we don't encourage letting your loans go into default. We teach responsibility, but these amounts...
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The Ramsey Show
Money Stress Isn’t Always About Money
Gosh. And I'm curious how he, I wonder if he knows the actual number of the income or if he is making up a story in his head that they're making a ton because of how they're living. Gotcha. Because lifestyle and income are obviously two different things. So I'd be curious on that. What's causing you to think that they're earning more? Is it because of how they live their life?
The Ramsey Show
Money Stress Isn’t Always About Money
And kind of sucky part is when you live your life responsibly for a season, it's not going to look flashy. Eventually, you'll start to build wealth and you can enjoy it. But there is kind of that season of of grounding, which is where you guys are. But if you know the number and you're like, oh, no, they make half a million or whatever crazy a year.
The Ramsey Show
Money Stress Isn’t Always About Money
I mean, I have learned, John, when moments like that come up for me, and it's not income necessarily, it could be, but I don't hear people's income a lot, but a situation that they're experiencing something that I want to experience, as much as I can muster up just celebrating them, it's amazing how that fades quickly where the eyes are off of me. My eyes are off of me.
The Ramsey Show
Money Stress Isn’t Always About Money
And you can just be excited for somebody, right? Genuinely. And... It doesn't always come easy, I don't think. But when you can just be happy for them and hopefully maybe they're in a great career that's helping other people or something. I don't know that you can find like the silver lining and what they're doing and being excited.
The Ramsey Show
Money Stress Isn’t Always About Money
But the fact that you're being triggered constantly, I'm wondering, you know, your level of contentment is obviously not fully baked, right?
The Ramsey Show
Money Stress Isn’t Always About Money
Such a great, that's a good point. The stagnant, like being stagnant in life. And I think we've gone through a season of that. You look up and you're like, oh my gosh, we've just been doing the same thing and there's not as much laughter or joy or levity, right?
The Ramsey Show
Money Stress Isn’t Always About Money
Yeah, is this out of character for them? Like, were you shocked by this? Or is this like, yeah, yeah, I can see mom and dad doing this.
The Ramsey Show
Money Stress Isn’t Always About Money
But when you say, no, we're putting the phones away, we're doing family game night and we're gonna do this stupid game that's so silly, but everyone ends up laughing, right? You just do these things and they don't have to be expensive. I mean, gosh, it was last break before the summer though, I think it was spring.
The Ramsey Show
Money Stress Isn’t Always About Money
And we took all the kids and we went to a local high school, like parking lot randomly with bikes. And they still talk about it. Like, do you remember we were at bikes in a parking lot? And I was like, you ride bikes all the time. But it was like this, like, I don't know. It was so like, it was so small and insignificant, but to them, right.
The Ramsey Show
Money Stress Isn’t Always About Money
It brought this like other magic of like this new place or whatever it was for them. But it's those things. And again, it doesn't have to cost money. You don't have to go travel to Europe to do that. Like find, find it in your home. Cause gosh, we need it. All of us. Right. Especially this time of year.
The Ramsey Show
Money Stress Isn’t Always About Money
It's going to swallow some pride to do that, right? When you're in a state of... Or it opens your heart up and you realize... It does, but that takes a... Okay, I'm going to celebrate something that is not always fun for me, right? But you start to learn it. So good. All right, up next we have Dan in Eugene, Oregon. Hey, Dan, welcome to the show. Hi, Rachel. Hi, John. How are you?
The Ramsey Show
Money Stress Isn’t Always About Money
Yeah, because I think when you get to the numbers really quick, Dan, we only have about 40 seconds, so I'm sorry for the short call. It's going to be looking at what do you have in retirement now and then averaging out, you know, average returns 10 to 12 percent, whatever that looks like, and knowing your lifestyle to John's point. how much is it going to take to run your household at retirement?
The Ramsey Show
Money Stress Isn’t Always About Money
And what is it going to look like to be able to, you know, you have to calculate inflation and all of that. Now, if you have not sat down with a SmartVestor Pro, I would do that.
The Ramsey Show
Money Stress Isn’t Always About Money
Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I am Rachel Cruz, hosting this hour with my good friend and best-selling author, Dr. John Deloney. And we are answering your questions about life, money, relationships, career, anything. and everything.
The Ramsey Show
Money Stress Isn’t Always About Money
You can go to RamseySolutions.com and find one in your area because I want to be able to see all of your numbers, everything that you have in retirement, including this house, and what's going to be the best bet to get you in a place. But again, it's lifestyle, it's return on the market, and inflation that goes up every year is kind of the determining factor. So thanks for the call.
The Ramsey Show
Money Stress Isn’t Always About Money
Thanks to everyone in the booth. John, thanks for a great hour. This is The Ramsey Show.
The Ramsey Show
Money Stress Isn’t Always About Money
That's great. So, Ken, so you're saying that you feel like you guys are still living paycheck to paycheck, even with this. Have you guys dug into any numbers? Do you know why that this is happening? Nope.
The Ramsey Show
Money Stress Isn’t Always About Money
How much a month are you guys paying those leases? How much are the payments?
The Ramsey Show
Money Stress Isn’t Always About Money
Don't say that. That's disrespectful, isn't it?
The Ramsey Show
Money Stress Isn’t Always About Money
Yeah, and, Kenan, I think y'all's situation, too, it is the perfect picture of just, like, this lifestyle creep, right? I'm like, you're just a little bit here, a little bit there, out of car, going on vacation. Like, we're just making good money because you're bringing home probably, what, $28,000 a month or so?
The Ramsey Show
Money Stress Isn’t Always About Money
Right, sure, yeah, yeah, but you look at that, just your monthly take home, and you're like, man, you know what I mean? Like, there's a lot you can do with it, but also, like John's saying, the normalization of like, yeah, but we could spend that. I mean, you know, it's the classic idea that your income is not the issue for most people.
The Ramsey Show
Money Stress Isn’t Always About Money
It is your money habits and the way that you handle your money. And so that magnification is exactly what you guys are experiencing. So it's like, yeah, we'll get two nice cars. We'll do this. We'll get a little bit more debt. And it's just payment, payment, payment, payment, payment, payment. So a lot of this income is going to these payments. So clearing all of it up, I think is key.
The Ramsey Show
Money Stress Isn’t Always About Money
And I think you and your wife sitting down just as an experiment and and just say, what if we made $100,000? Which, again, is above the average household income that is $80,000.
The Ramsey Show
Money Stress Isn’t Always About Money
So even more of a fun exercise, just put $80,000 and say, okay, if we brought in $80,000 a year, what it comes out to per month How can we live on that? Like live on that. And then extra from that of what you actually bring in is going to be thrown into debt or whatever it looks like.
The Ramsey Show
Money Stress Isn’t Always About Money
But just, you know, I think it's always a fun experiment for married couples to sit down and do this, like play the income game and just see how much can we actually if we had to do this. What would our life look like if we had to live on $60,000 a year, on $50,000 a year, on $70,000 a year? And then the great thing about UCAN is that's not what you guys are making. So the margin is there.
The Ramsey Show
Money Stress Isn’t Always About Money
It's just the choice of lifestyle. And so getting your lifestyle wrapped and under control is going to be number one. And it is going to feel like a shock because it's not going to be going out to eat. It's going to be shopping at Aldi, not Whole Foods. It's going to be – I mean, you're going to be living – Right. Like you're making 70 to 80. And that's how you're going to clean it up.
The Ramsey Show
Money Stress Isn’t Always About Money
You're not going to clean it up by just kind of here and there. And we'll just we'll kind of do it. But we're still going to go. We're going to still go on vacation. We're still going to go out to the nice date nights that we want and drop 200 bucks. Like you can't do that. Like if you're going to do this, you have to radically do it.
The Ramsey Show
Money Stress Isn’t Always About Money
And so you and your wife sitting down and saying, OK, here's our budget for the next two years. And mapping that out and mapping out your lifestyle. And then from there, starting to pay off these debts, smallest to largest. And what's wild, again, about that income coming in, I'm like, you know, you guys could clean up the HELOC in two to three months.
The Ramsey Show
Money Stress Isn’t Always About Money
You could clean up all the credit card debt in two to three months. I mean, like, you can make a lot of really big progress, Ken, if you guys decide to do it. And then... the hope on the other end we always talk about you live like no one else it's not gonna be fun but you guys can do this even the big mountain of the hundred and eighty thousand dollar student loan
The Ramsey Show
Money Stress Isn’t Always About Money
You know, you can get it cleaned up. And if you live like no one else later, you're bringing in 30, you know, 30 grand a month. You can do whatever you want.
The Ramsey Show
Money Stress Isn’t Always About Money
Now you get to do whatever you want. But I would say, you know, talk to the car company and look at your leases. Leases are always a little bit more confusing of the buyout and everything. But if you can get out of those, I mean, just do what you can to dwindle down this debt like as fast as possible, Ken. And you guys will see the progress.
The Ramsey Show
Money Stress Isn’t Always About Money
It's just going to be up to you all if you want to really do this. But the math is there. It's going to work.
The Ramsey Show
Money Stress Isn’t Always About Money
And make a crap ton of money and pay this off.
The Ramsey Show
Money Stress Isn’t Always About Money
Hey guys, Rachel Cruz here. All right, I'm about to say what everyone already knows, but budgeting is a good thing to do. Now actually starting, well, that's where people freeze up. And you guys, it doesn't have to be that way. With the EveryDollar budgeting app, getting started is super easy and so is sticking to it.
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Money Stress Isn’t Always About Money
You can set up your first budget in less time than it takes to go through the Chick-fil-A drive-thru. It's fast. And the best part? With unlimited budget categories, you can customize it to fit your life. Grocery runs, coffee runs, or planning your next family trip. Whatever you have going on, EveryDollar helps you see exactly what's happening with your money.
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Money Stress Isn’t Always About Money
You'll know what's coming in, what's going out, and what's left over for some fun. Because let's be real, you need some fun in your budget. Every dollar keeps budgeting simple and stress-free, just the way you want it. So go download the app for free and get started today. Again, go download EveryDollar today. All right, Dave, you have some strong opinions.
The Ramsey Show
Money Stress Isn’t Always About Money
Yeah, I think so. Okay, because you really prefer credit unions over big banks.
The Ramsey Show
Money Stress Isn’t Always About Money
Well, and I think we have found one that is incredible, and that's Fairwinds. They are an incredible credit union that is really out with the heart to help the customer.
The Ramsey Show
Money Stress Isn’t Always About Money
Yeah, absolutely. And I love it. The things that we teach, they so line up with. And you're right, their customer service is unbelievable. Winston and I just signed up and we got an account. And I'm not kidding. It took less than five minutes. It was so user-friendly. Like the step-by-step approach was unbelievable. And then the next day my phone rings and it says Fairwinds on my phone.
The Ramsey Show
Money Stress Isn’t Always About Money
So I answered it. And talked to someone there and they said, yeah, they give calls to every new customer. And so again, they just really care about your experience. And I so, so appreciate that. Plus anything that you can do at a traditional branch, you can do with them at fairwinds.org or on their app. And you'll have free access to over 33,000 ATMs.
The Ramsey Show
Money Stress Isn’t Always About Money
Yeah, and Torrin, let me say this too. Okay. And John's the education nerd. He loves education, so he can maybe back me up on this. Just for perspective, so you're in Boston, and we have friends that came from that area. And the way, even the Northeast, I would say, even specifically, the way they view education, there is a high regard. Like, it is everything. When you come to...
The Ramsey Show
Money Stress Isn’t Always About Money
Yeah, you guys, it's so easy to join Fairwinds no matter where you live. So go to fairwinds.org slash Ramsey. Welcome back to The Ramsey Show. Home ownership is something that we believe should be part of your financial plan, but it's really hard these days. The price of houses and the housing market is absolutely insane. But when you do it the right way, when you buy a home the right way,
The Ramsey Show
Money Stress Isn’t Always About Money
It brings you peace. It's not a burden. It is a blessing. And so if you are looking to sell your home or purchase a home the right way, the way we teach, you want to make sure to check out some top agents in your area that we trust. These are Ramsey trusted agents.
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Money Stress Isn’t Always About Money
They have years of experience that will help you make wise decisions when it comes to pricing, marketing, and making or choosing the right offer for your home. So to find a Ramsey trusted real estate agent for free, go to ramseysolutions.com slash agent and check them out. All right, up next, we have Scott in Pittsburgh. Hey, Scott, welcome to the show.
The Ramsey Show
Money Stress Isn’t Always About Money
Yeah. And the story I'm playing in my head, Scott, I could be wrong, is he's probably panicking, right? I mean, he has four kids.
The Ramsey Show
Money Stress Isn’t Always About Money
Yeah, I mean, he's fearful. I mean, his fear radar is up all the way, and he probably can't even emotionally go there. The fact that you're family, too, that adds a whole other dynamic.
The Ramsey Show
Money Stress Isn’t Always About Money
Yeah, and I know there's probably some justice in you, Scott, even the way you laid out the question. No, you're mad. I can tell that you're pissed. You're like, man, this isn't fair, right? Fair would be I'm owed this money, and why am I not getting it, right? But I think John's right. I think there is a kind of a humble pill to swallow to say, okay.
The Ramsey Show
Money Stress Isn’t Always About Money
in the south it's important say it rachel it's important but it's not life like like there's a belief of like you can scratch and claw and start a business and be as successful as the guy that has the college degree or that you know i mean whether you go to college or not there's kind of a micro like just kind of get in there and you figure it out and you can still be successful but it doesn't have this air about it which i'm not saying all new england's have that but i but i do think as an 18 year old that's growing up in that environment i mean you're in boston like it's
The Ramsey Show
Money Stress Isn’t Always About Money
I want to move along with my life because you can, right? Financially speaking, you guys are on baby step seven. You're fine. Is this the quote unquote, like justice play? It's not. The justice play would be to take him to court and continue to wring out, you know, the money that he doesn't have and take his family through.
The Ramsey Show
Money Stress Isn’t Always About Money
I mean, you know, and you could, but you would definitely for sure, you know, lose that relationship. And in the end, I don't know if that's worth $45,000 of your time and your energy and your mental capacity.
The Ramsey Show
Money Stress Isn’t Always About Money
Do you know what happened to his business? I'm just curious if...
The Ramsey Show
Money Stress Isn’t Always About Money
All right, John, I'm going to take a question from the Ramsey Network app, those of you that are listening. And this question is one, again, when you do this, you don't have to call in. You just click the link in the show notes and download the app for free, which you guys have done because you're listening there. But this question is, I determined my why statement is to help people heal.
The Ramsey Show
Money Stress Isn’t Always About Money
so that they can be free. And this has become a motivation for a career change to become a mental health counselor. That would mean adding $40,000 to my current undergrad debt of $40,000. So the original was $110,000. What is your recommendation for funding a master's in mental health counseling?
The Ramsey Show
Money Stress Isn’t Always About Money
Are mental health professionals sitting to my right?
The Ramsey Show
Money Stress Isn’t Always About Money
So just know there's a world outside of that. Not that we have it right necessarily. I'm not saying that. But you can be successful. You can meet people and network outside of a college. Like there are ways to live life that is not one path of just it has to be this prestigious education. If you don't get this, it's going to look bad on resumes. You're never going to get a job.
The Ramsey Show
Money Stress Isn’t Always About Money
Okay. Have you looked into what the payout will be if you dissolve it? So since the cash value is eight grand. Okay.
The Ramsey Show
Money Stress Isn’t Always About Money
And have you looked into term at all to make sure that you, I mean, are you healthy, Jessica? Like you could probably get another insurance.
The Ramsey Show
Money Stress Isn’t Always About Money
You're going to be homeless and you're going to die. Like that's not the route. That's not right. So just know there is more to life outside of possibly the bubble in which education is talked about in your family.
The Ramsey Show
Money Stress Isn’t Always About Money
And it's a crappy return anyways. So, yeah. So, no, I would cancel it regardless of whatever the fees and tax implication is. I don't know what taxes are when you cash it out. It may be income. It may be like a capital gain.
The Ramsey Show
Money Stress Isn’t Always About Money
Yeah, and that's what... Totally. And that's what it ends up being when you're pairing an investment and insurance together. You're always going to get it.
The Ramsey Show
Money Stress Isn’t Always About Money
a crappy product usually on both sides but for sure on the investment side so um so yeah i would cancel it for sure today but before well before you cancel it i should say make sure you have term in place because i do want you to have life insurance you guys have two little kids um so i would still have life insurance and so you do work is that what you said outside the home Yeah.
The Ramsey Show
Money Stress Isn’t Always About Money
Okay, so I would get a policy 10 to 12 times your annual income. And that's around the policy that you would need. And I would go to Zander. You can go to Zander.com or give them a call, Zander Insurance. And they're great because they're an insurance broker. So they're going to shop all different companies to get you the best deal versus like this one you call Zander.
The Ramsey Show
Money Stress Isn’t Always About Money
I don't have a state farm and it's just a farm or whatever, you know, like you'll be able to get all different kinds of quotes. And that's what I would do. And then I would go ahead and apply and get that coverage going first. And the day that goes into place, the term policy, then I would call whole life, cancel it, get your eight grand to move on. Gotcha.
The Ramsey Show
Money Stress Isn’t Always About Money
Totally. Yeah. Yeah. When you start looking at, you know. $55 a month and it may feel like, oh, that's, you know, no big deal. But over time, what it adds up and then what you end up paying for term is a fraction of that anyways.
The Ramsey Show
Money Stress Isn’t Always About Money
And always, again, the rule of thumb is your insurance and your investments should never be mixed because you're not going to get the rate of return that you could if you put it, you know, even in an index fund or Vanguard or the market, right? Yeah, in any other place, you're going to get a better rate of return. And a lot of these too, I'm like, they just, it's that slow leak.
The Ramsey Show
Money Stress Isn’t Always About Money
that they just continue just to, like, take and take. And if it goes up, it just goes up. You know what I mean? It doesn't feel clean your whole life. There's some entanglements there that are not great.
The Ramsey Show
Money Stress Isn’t Always About Money
I don't think you're saying go back to work. I'm not saying you go back to work.
The Ramsey Show
Money Stress Isn’t Always About Money
So Elizabeth, I want to know financially, where are you guys at? Do you guys have consumer debt?
The Ramsey Show
Money Stress Isn’t Always About Money
How much does your husband make a year? About $65,000. Okay. And are you guys on a written plan, like a very detailed budget every single month that you know exactly here's the amount we have to spend? No. Okay, so I think the budget is probably... I know I need to do that. Yeah, yeah, no, no, it's fine. I mean, I think that's going to help...
The Ramsey Show
Money Stress Isn’t Always About Money
And if you stay on the line after this call, Christian will pick up and we'll give you every dollar premium for a year. Because I think the budget, it's one of those places, Elizabeth, that once you do it and you actually have boundaries around certain categories in your life and you force yourself to live within them, then suddenly you're like, oh, there's our margin. There's our margin.
The Ramsey Show
Money Stress Isn’t Always About Money
It's not getting eaten up by that extra, you know.
The Ramsey Show
Money Stress Isn’t Always About Money
fast food run that we're going to go do or out to eat or whatever like it's it is amazing when you do plan out and stick to that plan it's going to take about three months for you guys to get it to work so remember that 90 days give yourself a lot of grace between now and christmas but i want that to be your homework to say okay we're gonna we're gonna sit down and do this and then um out of that and finding some margin and you'll look back on your uh accounts and your checking account last month and be like oh my gosh we're paying for two subscriptions we never use we you
The Ramsey Show
Money Stress Isn’t Always About Money
You know, like when you actually start getting in the weeds of it, it is amazing what comes to the surface. And even if it's 30, 40 bucks here or there, that adds up. I mean, that will get you some margin. And so do you guys have an emergency fund?
The Ramsey Show
Money Stress Isn’t Always About Money
That's fine. Okay. So Elizabeth, I would... I messed up the phone too. There you go. There you go. Do you guys have an emergency fund, Elizabeth? Do you have any savings? We do not have a specific emergency fund. We've got a decent amount in our checking account. Okay.
The Ramsey Show
Money Stress Isn’t Always About Money
So what I would do is open up a high yield savings and I would move three to six months of expenses out of your checking out to that. And then that's not touched. So that's your emergency fund. If you have to... have a few months to add to that savings to get to three to six months, do it. And then from there, I would start investing 15% of your income into retirement and start that going.
The Ramsey Show
Money Stress Isn’t Always About Money
That can be through his 401k or Roth IRA. You guys can open up.
The Ramsey Show
Money Stress Isn’t Always About Money
So give us a call at 888-825-5225. All right, we're going to go to the phones and is it Torin from Boston? Hey, welcome to the show.
The Ramsey Show
Money Stress Isn’t Always About Money
Man, you were right on, bro. And for fun, too, Torrin, just run some numbers on the ROI of the private college that you'd go into debt for, average interest rate on a student loan, how long that would probably take you to pay off if you got out of school with an average, maybe an above average salary, let's say. Run those numbers out.
The Ramsey Show
Money Stress Isn’t Always About Money
having to repay that starting in a financial hole significantly six figures probably for this school versus getting through it debt free, doing the free community college, working, saving up, graduating from state school, starting off and starting to invest the moment you get your first paycheck because you're going to have money and not be in a hole.
The Ramsey Show
Money Stress Isn’t Always About Money
Yeah, what's the financial status, Kimberly? You said you own your home outright, so there's no mortgage or anything on it, correct?
The Ramsey Show
Money Stress Isn’t Always About Money
Yeah, yeah, I hear you. And Kimberly, you're going to have to set that aside because you've got an emergency in front of you. Yeah, so what debt? I know. No, no, you're fine, you're fine. What debt do you guys have? Any at all? Any consumer debt, credit cards, car loan? No. Okay. We have no debt. No debt. And how much money are you... Property taxes and things like that. Okay.
The Ramsey Show
Money Stress Isn’t Always About Money
How much... Very hard physically. Okay. Okay. So not in a great position to work. Okay. What was he making a year? No. What's he making now? Yes. Um, to keep you guys. Crap. I should know this. No, it's fine. Um, 30,000, 70,000.
The Ramsey Show
Money Stress Isn’t Always About Money
financially from the math perspective, who comes out ahead.
The Ramsey Show
Money Stress Isn’t Always About Money
30 something. Okay. Okay. And that's, and that's enough. Okay. So, and any investments, sorry, I know you said he cashed out his to start the business. Do you, do you have any retirement? Okay. So there's no investments, no retirement. And does he, does he have life insurance? Nope. Nope. Okay. Okay.
The Ramsey Show
Money Stress Isn’t Always About Money
So what I want you to do, Kimberly, is the silver lining from a financial standpoint, all of this is you guys have no debt. I mean, you don't even have a mortgage. So that in and of itself is like, that's a relief. So what John was saying, the four walls, I want you to go and do a budget, Kimberly, and I want you to stay on the line and we're going to give you
The Ramsey Show
Money Stress Isn’t Always About Money
So it's just interesting. Especially getting started. Yeah.
The Ramsey Show
Money Stress Isn’t Always About Money
Financial Peace University and EveryDollar Premium because I want you to start budgeting and I want you to know to the penny... No, I do have EveryDollar already. Oh, you do? Okay.
The Ramsey Show
Money Stress Isn’t Always About Money
That has been like saving my emotional... I'm so glad because I think if you have... Those numbers in front of you of the things you have to do. You have to keep the lights on, the cell phone bill, your insurance, you know, food, gas in the car. You have all of that. And that's what you're going to have to look at, Kimberly, and say, OK, I have to at least make this. Right.
The Ramsey Show
Money Stress Isn’t Always About Money
When the time comes, I have to I have to at least make this. And then I would not encourage you to sell the house or even to put in a ton of repairs right now. I think you're fine. What I would do is. Yeah. And I and I wouldn't unless your roof is linking or something. But like for now and then, Kimberly, when the time comes, I want you to grieve.
The Ramsey Show
Money Stress Isn’t Always About Money
Good for you, Torrin. I'm proud of you for thinking outside the box. But be nice to your parents.
The Ramsey Show
Money Stress Isn’t Always About Money
I want you to go through that process and don't make a big financial decision. until about six months to a year. And if in two years, three years, you decide to sell the home and downgrade, take some of the equity, you can do that. But don't feel like you have to make these big decisions today. Today, I just want your four walls covered between now and 18 months.
The Ramsey Show
Money Stress Isn’t Always About Money
Welcome back to The Ramsey Show. We're going to Chris in Dallas, Texas. Hey, Chris. Welcome to the show.
The Ramsey Show
Money Stress Isn’t Always About Money
Absolutely. Is it Torin? Did I get that right?
The Ramsey Show
Money Stress Isn’t Always About Money
That's fair. There's another adult in the relationship that's not right.
The Ramsey Show
Money Stress Isn’t Always About Money
So, Chris, does this change from a relationship standpoint?
The Ramsey Show
Money Stress Isn’t Always About Money
Yeah, and this is, I mean, call me old school. This is where the complication happens when you act like you're married and you're not, right? And you're moving in together, right, and all of it. This is what ends up happening, that it's not as easy as like, oh, I found this kind of thing about... This may be a deal breaker, but I need to figure it out on a couple more Hangouts.
The Ramsey Show
Money Stress Isn’t Always About Money
Now I'm going to call it quits. Now it's much harder to call it quits when she's living there, right? This is part of that complication. So does it... Does it give you, as the kids would call it, a beige flag or a red flag when it comes to, like, her work ethic and who she is? Like, are you starting to see other parts of her that concern you for a long-term relationship?
The Ramsey Show
Money Stress Isn’t Always About Money
You can't. And that was thousands of dollars of therapy that you just got. We just give that to you for free.
The Ramsey Show
Money Stress Isn’t Always About Money
And you can't think, oh, if I can just have the right phrase, the light bulb will come on. If I could just have that right sit down, she'll see it if I just say it the right way.
The Ramsey Show
Money Stress Isn’t Always About Money
And again, Chris, we're not talking about that. We're saying, oh my gosh, she has to go be this boss babe and go make six figures. No, no, no. She just needs to pay bills. Even deeper than that.
The Ramsey Show
Money Stress Isn’t Always About Money
Were the expectations, Chris, pretty clear moving in? Or if she was on the phone, would she say, no, that's not what we talked about? What would she say?
The Ramsey Show
Money Stress Isn’t Always About Money
You've made a lot of more moves than I was thinking. Good for you.
The Ramsey Show
It’s Time To Cut Debt out of Your Life!
All right, Dave, you have some strong opinions. Possibly, yeah. I think so. Okay, because you really prefer credit unions over big banks. So why is that?
The Ramsey Show
It’s Time To Cut Debt out of Your Life!
Yes. Well, and I think we have found one that is incredible, and that's Fairwinds. They are an incredible credit union that is really out with the heart to help the customer.
The Ramsey Show
It’s Time To Cut Debt out of Your Life!
Yeah, absolutely. And you're right. Their customer service is unbelievable. Winston and I just signed up and we got an account. And I'm not kidding. It took less than five minutes. It was so user-friendly. The step-by-step approach was unbelievable. And then the next day, my phone rings and it says Fairwinds on my phone.
The Ramsey Show
It’s Time To Cut Debt out of Your Life!
So I answered it and talked to someone there and they said, yeah, they give... calls to every new customer. And so again, they just really care about your experience. And I so, so appreciate that. So again, you guys, I know it can be a pain to switch banks or to open up new accounts, but Fairwinds, again, they make it so easy.
The Ramsey Show
It’s Time To Cut Debt out of Your Life!
Plus anything that you can do at a traditional branch, you can do with them at fairwinds.org or on their app. And you'll have free access to over 33,000 ATMs.
The Ramsey Show
It’s Time To Cut Debt out of Your Life!
Yeah, you guys, it's so easy to join Fairwinds no matter where you live. So go to fairwinds.org slash Ramsey to learn more. That's F-A-I-R-W-I-N-D-S dot org slash Ramsey.
The Ramsey Show
It’s Time To Cut Debt out of Your Life!
You spent years trying to get everything just right for your family. Now you need an easy way to make sure your important financial documents are as organized as the rest of your house. Well, good news. Knockbox, that's N-O-K box, as in next of kin box, is a complete system that helps you be sure that you leave happy memories, not a mess, when you pass away.
The Ramsey Show
It’s Time To Cut Debt out of Your Life!
Knockbox is a simple way to organize important paper and digital documents, IDs, tax returns, insurance policies, estate plans, accounts, and other personal history in one manageable place. Your family will feel your love in every detail you take care of. So start taking care of them at knockbox.com slash Ramsey. A well-organized legacy is a gift to your family. That's knockbox.com slash Ramsey.
The Ramsey Show
It’s Time To Cut Debt out of Your Life!
Hey, you guys, health insurance costs are only moving one way, and that way isn't down. And if higher costs aren't enough, the wait times to see your doctor are longer, and it's harder than ever to get anything approved through the bureaucracy. So if you feel like the system is working against you, try a biblically-based alternative to health insurance. Christian Healthcare Ministries.
The Ramsey Show
It’s Time To Cut Debt out of Your Life!
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The Ramsey Show
It’s Time To Cut Debt out of Your Life!
Members become part of a family who will pray with them and for them when they experience a medical event. So listen, y'all, there's no better way to take care of health care costs. CHM programs start as low as $98 a month. So learn more today and join at chministries.org slash budget. That's chministries.org slash budget.
The Ramsey Show
It’s Time To Cut Debt out of Your Life!
There's a time in your life and in the baby steps for renting, but you don't want to do it forever because when you rent, you're still paying for a mortgage, just somebody else's. Plus, rent means instability in your budget because it always goes up, never down. So when you're ready to buy, make sure you work with a mortgage partner you can rely on. Churchill Mortgage.
The Ramsey Show
It’s Time To Cut Debt out of Your Life!
Churchill is Ramsey Trusted to help you make the move from renting to home ownership wisely. Churchill understands that when you buy a home the Ramsey way, your mortgage payment will be a consistent, manageable part of your monthly budget. Plus, when your home is paid off, that was your largest expense.
The Ramsey Show
It’s Time To Cut Debt out of Your Life!
Now it's extra money in your pocket and an asset towards turning you into a Baby Steps millionaire. So get started on the American dream of home ownership today at churchillmortgage.com. That's churchillmortgage.com.
The Ramsey Show
Your Debt Should Make You Uncomfortable
And Hannah, you could use that $1,000 if something came up that you weren't expecting. Because that's kind of how we qualify an emergency. It's when it's urgent and it's unexpected. So something comes up and you're like, I have to do it now, right? It's not like a... Something comes up and I could fix it in six months, right? That wouldn't be the emergency fund.
The Ramsey Show
Your Debt Should Make You Uncomfortable
This is like, oh, this has to happen today. And also, Hannah, in your checking account, we always say to have a buffer in that as well so that you're not, you know, There may be enough of a buffer and you're checking out to cover some small expenses that come up because you're going to have a miscellaneous category in your budget, ideally.
The Ramsey Show
Your Debt Should Make You Uncomfortable
So there will be things that come up throughout the month that you don't expect. But ideally, it's coming out of the budget there. You're not having to touch the emergency fund. The emergency fund is only when it's kind of big expenses related.
The Ramsey Show
Your Debt Should Make You Uncomfortable
um that you're like oh gosh a couple hundred bucks and it's you know we may have to dip into that but i always like having a cushion jade in my checking and depending on where you are in the baby steps you know if you're in baby step one through three you know maybe a couple hundred bucks in there as padding um and maybe you bump that up more as you get into baby steps four five six and seven but i do hannah want you to have a buffer in your checking that's
The Ramsey Show
Your Debt Should Make You Uncomfortable
not emergency fund driven or savings driven, but it's more lifestyle driven, if you will, just so that you don't go into the red and you're checking. So I hope that helps. Thanks for the call. We have two more segments coming up this hour. Give us a call at 888-825-5225. I'm Rachel Cruz hosting with Jade Warshaw, and we'll be back.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Really the best way to make the most of your money is by sticking to a budget, creating a budget and sticking to it. I mean, it's probably the most powerful tool from a tactical standpoint when this comes to gaining control of your money, knowing where your income's going, knowing where margin is so that you can pay off debt and save and all of it. There's just something proactive
The Ramsey Show
Your Debt Should Make You Uncomfortable
about telling your income what to do and if you've not downloaded every dollar make sure to check that out this is our budgeting app and you can actually download it for free create your first budget and really get in this habit and this rhythm of your life of budgeting and do and do this regardless of where you are financially those of you you know like the last caller who's working to save up a thousand dollars all the way to those of you on baby step seven that the house is paid for everything's done
The Ramsey Show
Your Debt Should Make You Uncomfortable
tracking your monthly expenses is so important because it just gives you this gauge of where your where your money's going financially and it just gives you a sense of control there's so much in life that we can't control so when you can't find these things that you can actually get in a rhythm and be proactive with that is your income and that is a budget so download every dollar for free in the app store or google play or you can click the link in the description if you're watching or listening on youtube or podcast we'll put a link down there but go and
The Ramsey Show
Your Debt Should Make You Uncomfortable
Download EveryDollar. All right, going to the phones. We have Austin in Nashville. Hey, Austin, welcome to the show.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I'm Rachel Cruz, hosting this hour with my good friend and best-selling author, Jade Warshaw, and we are taking your calls, America, about your life and your money. So give us a call at 888-825-5225.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Yeah, for sure. How many more years do you have left, Nick? How many more semesters?
The Ramsey Show
Your Debt Should Make You Uncomfortable
Oh, OK. OK, I gotcha. Yeah. And honestly, Nick, in that state, when you're in something like college and you are cash flowing out, which is so great, I still would recommend not even investing really at that point because just having liquid cash in case something happens, it's always a smart idea. And even after college, right, you graduate college and if you move,
The Ramsey Show
Your Debt Should Make You Uncomfortable
Okay, I mean, I would, Austin. Honestly, like, you're in a great position. No kids? Seasonally, just to, like... All the way. I mean, like I would tell them I will work as many hours as you will give me. And then another thing to think about is the ratio of car debt to your income. It's right on the line.
The Ramsey Show
Your Debt Should Make You Uncomfortable
We always say we want to know more than 50 percent of your annual take home pay or your annual income. And and so that, you know, you're 35 is kind of what you're projected at right now. And 14. Yeah, you're just kind of on that line. And I think it's one of those questions, even though you are upside down on it.
The Ramsey Show
Your Debt Should Make You Uncomfortable
I probably, in your case, would just pay it off, but always be thinking through with debt, what is worth it? Because you want to, you know, calculate how many hours and how much money it's going to take to pay this car off versus if you're like, you know what, it's worth, is it nine private sale or nine to a dealership for a trade in? Did you look online? Um,
The Ramsey Show
Your Debt Should Make You Uncomfortable
nine private okay i mean yeah at that point you're probably break even but um but just yeah in the future it's just a good uh mental exercise even for people listening or watching especially with car debt to say okay how many how many hours extra am i gonna have to work to keep this car versus if i sold it took out a loan for the difference uh maybe a couple thousand more just to buy a beater
The Ramsey Show
Your Debt Should Make You Uncomfortable
And how significantly you'll get out so much faster. But again, Austin, in your case, it's kind of a break even from that point. So yeah, I would just be working extra. And then at the same time, Austin, be looking for a full-time job of something that you want. And you're in a great, I don't know, I think FedEx, UPS, a lot of those places, it's great employment.
The Ramsey Show
Your Debt Should Make You Uncomfortable
So if you are there for longer than maybe you're expecting, I think that's okay. But also know your next...
The Ramsey Show
Your Debt Should Make You Uncomfortable
um to take a job somewhere moving expenses and moving costs like there's just a lot of reasons to have money liquid at your age and then once you graduate you get settled you get your first job then you can really dive into investing and at that point for you you'll be at 15 automatically which is so great for some people they have to wait a few years to start investing so um so i wouldn't i honestly wouldn't rush into it and i think um
The Ramsey Show
Your Debt Should Make You Uncomfortable
Yeah, where are you graduating from Austin? Is it an online school or-
The Ramsey Show
Your Debt Should Make You Uncomfortable
Oh, okay. Okay. Gotcha. Yeah. Well, I hope that helps, Austin, just in the sense of just some encouragement that you're in a great line of work with FedEx right now from a seasonal perspective. So take advantage of that over time.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Um, and, and, and this plan hopefully will lower that stress and Jade's right to map out a specific timeline of, okay, you know, September of next year, where am I going to be? Um, if I, if I start paying this stuff off and I would pay the credit card off like.
The Ramsey Show
Your Debt Should Make You Uncomfortable
I mean, yeah, I mean like it's 500 bucks too. And we talk to people, Austin, all the time. Yeah, all the time who are doing extra side gigs. And Jade, when we talk about this on the EveryDollar webinars and we ask them like, hey, how much, what do you do for a side gig, a side hustle? And how much are you making? Some of them are making $2,000, right? I mean, just for extra side hustles.
The Ramsey Show
Your Debt Should Make You Uncomfortable
So there is ways to get this thing paid off in six months. It's very, very doable, Austin. So I think that will really propel you into some motivation to pay this off.
The Ramsey Show
Your Debt Should Make You Uncomfortable
And for all of you graduating, you know, now we're in May, live like a broke college student until this debt's paid off.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Keep that lifestyle. Because I think the problem is, is when you get your first job and you're getting a salary, you know, this career, you're thinking, oh my gosh, I'm a grown up now. And your expectations of life suddenly kind of creep up of what that lifestyle looks like. But if you stay low on lifestyle while you get this cleaned up, I would rather be doing that at 21, 22, 23 than 31, 32, 33.
The Ramsey Show
Your Debt Should Make You Uncomfortable
I know, that's right. You got it, Austin. Thanks for the call.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Welcome back to The Ramsey Show. We are in the holiday spirits, Jade. We are in the middle of, I don't know, still shopping. I think I'm pretty much done. I have nothing wrapped. Oh, man. But Santa at our house doesn't wrap gifts. He just pulls the gifts out of the bag, and they just are there under the tree, not wrapped. So that's always convenient for Santa.
The Ramsey Show
Your Debt Should Make You Uncomfortable
so what goes does anything go under your tree ahead of time gifts that mom and dad buy like we'll buy you know i see like one or two things that we'll wrap but uh but they unwrap a lot of gifts from like parents grandparents uh there's a lot of unwrapping happening there which is great but yeah so that's a good idea i might uh take you up on that yeah that was my santa growing up childhood never wrapped either so
The Ramsey Show
Your Debt Should Make You Uncomfortable
It can feel like it goes against this idea of compound interest because we celebrate that so much of how great it is. And the earlier you start, the better off you're going to be, like all of that. But you'll catch up. Like if you start all of this at 23, you will be fine financially.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Which is nice, but we're still going through our lists of gifts for like, we draw names on both sides of the family. Smart. All the things. So where are you at with all of it, Jay?
The Ramsey Show
Your Debt Should Make You Uncomfortable
Okay, and I actually, when you were saying it last year, I remember it and being like, that is so true. Like if Aunt Linda needs something, like she can get it. Yeah, she's fine. Like Aunt Linda, especially if you are getting out of debt, you're on a tight budget. And it's been a hard year or two, you guys, like with inflation and stuff.
The Ramsey Show
Your Debt Should Make You Uncomfortable
I mean, it's just people are just getting the necessities paid and there's not a lot of room. And so it was this guilt-free reality that adults can take care of adults.
The Ramsey Show
Your Debt Should Make You Uncomfortable
So I think it's more important to have as much money, just cash available for these big transitions is the smartest thing.
The Ramsey Show
Your Debt Should Make You Uncomfortable
And I think that's the yeah. And I think the level of discipline and planning, some people just don't they don't do. And it's a little bit on a whim. And that's where people get in trouble with money is because it's so emotional.
The Ramsey Show
Your Debt Should Make You Uncomfortable
and all of these emotions are driving your decisions and usually when that's the case when our logic isn't doing it and it's our emotions we do tend to overspend we make spontaneous decisions that probably are not great in the long run because in the moment it feels good it feels right and then you look back after logic is set in with maybe a level of regret of realizing oh my gosh and and this is the reality too jade is that you know we're again we're not like we're
The Ramsey Show
Your Debt Should Make You Uncomfortable
Yeah, I would just... Just this year. Sure, I would leave that. I would only touch that money if you needed it to get through school without debts. But I think it sounds like you already have a plan on the other end to do that.
The Ramsey Show
Your Debt Should Make You Uncomfortable
the Grinch stole Christmas kind of people, but 28% of Americans are still paying for Christmas last year. I heard a stat that said 49%. Oh my God. Oh, wow. Like any level of that. So there's obviously a clear boundary issue that we're having that we're not able to afford. And so to your point, the kids are the priority. Christmas and the Christmas spirit and all the stuff, right? It's the kids.
The Ramsey Show
Your Debt Should Make You Uncomfortable
The adults are going to be okay, right? So prioritizing that. And even within your kids, right, of your family, if it's going to look different than last year, because maybe this year is the first time you are doing it on a budget. Mm-hmm. Talk about it. Communicate it. Talk about the difference. Christmas may look a little different this year. Yeah.
The Ramsey Show
Your Debt Should Make You Uncomfortable
And then even thinking through the motivation, too, of why you're buying everything in the first place. That's always a big question for me because even for kids like I am. This was probably two years ago, Jade. Everyone like on social media, on Instagram, they were just posting like Christmas Eve, like Merry Christmas.
The Ramsey Show
Your Debt Should Make You Uncomfortable
you know oh yeah and it's just like a picture of like their tree and like all the gifts and stuff and I was like oh I was like well that's kind of sweet so I did it as we're going to bed like we had our lamps on and it was just a pretty little picture so I just you know and then we had our gifts out from yeah we had our gifts out and so I took the picture and just captioned Merry Christmas and I got so many comments on my minimalist Christmas oh they're like Rachel where's the gifts oh whatever so refreshing it's just a minimalist Christmas at the cruises and I was like
The Ramsey Show
Your Debt Should Make You Uncomfortable
this is regular i thought we like i thought we were doing i thought we like had a great christmas but then as i looked through i'm like oh no from what people people go hard in the paint and again it is not bad if you have the money and this is where you're choosing to spend it that is totally fine yeah nobody's you're grown you're grown and we're also the moms you and i both talked about this yesterday during a break when we did the show yesterday
The Ramsey Show
Your Debt Should Make You Uncomfortable
I also had three trash bags full of crap that our kids just don't use in the playroom and in the closets in the room. I'm like, so then it's just stuff just ends up building up. And that's the consumerism where I'm like, I'm not going to buy you stuff just to buy you stuff either. So that's such a good point.
The Ramsey Show
Your Debt Should Make You Uncomfortable
I'm going to end with a with a hater comment, Jade. You ready? If buying slippers hurts your wallet, you have other problems. This is very financial illiterate advice.
The Ramsey Show
Your Debt Should Make You Uncomfortable
If slippers hurt your wallet, you have other problems. Is exactly what we're saying. Yes. Yeah, it does. So then we got to dig into that. Why that is. All right. Well, Jade.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Great segment. Thanks for giving us the Christmas spirit. We appreciate it. Thanks to all the guys in the booth. And thank you, America. This is the Ramsey Show. We'll be back. You've got a lot to keep organized in life. Kids and calendars and carpooling and cleaning. I mean, it is so much. That's why you need a knockbox.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Perfect. Thanks, Nick. For the call. All right. Up next, we have Jay in Anchorage, Alaska. Hey, Jay. Welcome to the show.
The Ramsey Show
Your Debt Should Make You Uncomfortable
That way, if something happens to you, you leave your loved ones with happy memories and not a huge mess. Knockbox is a complete system to help you organize your accounts, personal history, estate planning documents, and all your other info in one place. I'm talking about everything from life insurance policies and social media accounts to your dog's vet, divided into 15 simple categories.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Plus, they've got checklists that tell you what to add to each folder so your family won't have to guess where everything is. So start getting organized today at knockbox.com slash Ramsey. Your family will thank you. That's knockbox, N-O-K, box.com slash Ramsey.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I am Rachel Cruz, hosting this hour with bestselling author Jade Warshaw, and we are taking your calls on life and money. So give us a call at 888-825-5225. We are here to chat with you.
The Ramsey Show
Your Debt Should Make You Uncomfortable
All right, starting us off this hour is Allison in Philadelphia. Hi, Allison. Welcome to the show.
The Ramsey Show
Your Debt Should Make You Uncomfortable
How are you guys today? We're doing great. Thanks for calling. How can we help?
The Ramsey Show
Your Debt Should Make You Uncomfortable
Merry Christmas. Absolutely. How can we help?
The Ramsey Show
Your Debt Should Make You Uncomfortable
Surprise. Surprise. Yeah. When did all this happen, Allison?
The Ramsey Show
Your Debt Should Make You Uncomfortable
Man, I'm so sorry. Okay, I mean, it would be so difficult to be grieving the loss of your husband and then at the same time uncovering this other reality that you had no idea was happening, financially speaking.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Okay. So walk us through, you may have said at the beginning of the call, but what's the state right now of where you are financially? After you've uncovered everything, where are you?
The Ramsey Show
Your Debt Should Make You Uncomfortable
Yeah, I'm curious why you're not able to contribute to the 401k because you chose a different package for a benefit, for your benefits?
The Ramsey Show
Your Debt Should Make You Uncomfortable
Are you making an income, Allison, right now?
The Ramsey Show
Your Debt Should Make You Uncomfortable
Allison, there's a lot of you taking care of people, including your own children, your grown children right now. And I'm not defaulting you, but there is something to...
The Ramsey Show
Your Debt Should Make You Uncomfortable
understand Allison that you have to take care of yourself first and foremost right and that's not a selfish idea you can't take care of people while you're drowning right you have to get yourself in a very stable position and so um so he had this life insurance did he have any retirement I mean I'm assuming with all the foreclosure stuff he like yes um yes uh it was it was it's in stock okay how much is that a year I'll get 20 grand a year for six uh years and it was 117
The Ramsey Show
Your Debt Should Make You Uncomfortable
Okay. And, and then, yep. And you have a 200,000 in life insurance. How old are you?
The Ramsey Show
Your Debt Should Make You Uncomfortable
And you have to determine what Jade was saying earlier too, Allison, that with this house, you were, you know,
The Ramsey Show
Your Debt Should Make You Uncomfortable
essentially should have been be able to make these payments on you know 150 000 income is what he's bringing in around that and you and to supplement that you don't have that and so i don't want this house holding on to this house i don't want you to drain everything just to keep the house to jade's point earlier so um yeah if you if you hold on the line um emily's going to pick up and we are going to set you up with a financial coach because um
The Ramsey Show
Your Debt Should Make You Uncomfortable
getting all of this and from a legal perspective yes the contacts that you need and all of it and they're going to be able to ask even more questions allison than we can on in six minutes here on a one call in the segment um because there's probably other things there as you start pulling a string to really figure out and get yourself like in a position of all knowledge to start making wise decisions with all of the information possible so hold on the line and we will give that to you as our gift and we are so sorry that that is what you're up against it's terrible
The Ramsey Show
Your Debt Should Make You Uncomfortable
I don't know about you, but I love the new year. It's a fresh start. And I get to reflect on the good things I wanna keep doing and the not so good things I wanna change. And I know a lot of you are psyching yourself up thinking, okay, this year I've got to get my finances in order. And big goals like that are really exciting, but they can also be overwhelming.
The Ramsey Show
Your Debt Should Make You Uncomfortable
That's why it's so important to have a plan. So before you do anything else, start with a budget. Start with EveryDollar. I love EveryDollar because it's so easy to plan out your spending and keep track of it every month. Plus, most people free up on average $400 in their first budget to go towards their goals. Guys, this can be an amazing year.
The Ramsey Show
Your Debt Should Make You Uncomfortable
And if you choose just one good habit to start, choose budgeting. Download the EveryDollar budgeting app for free today. Welcome back to The Ramsey Show. Up next, we have Katie calling us from Dallas, Texas. Hi, Katie. Welcome to the show. Hi. Hello. So glad to be here. Well, thanks for calling. How can we help?
The Ramsey Show
Your Debt Should Make You Uncomfortable
Well, I can see how you're overwhelmed with that because that is overwhelming trying to do all of that at the same time. What's causing you? What's the motivation in trying just to get it all done? Do you feel like you're behind on investing? You don't feel like you have enough savings? There's a lot of debt. What's causing you to do this?
The Ramsey Show
Your Debt Should Make You Uncomfortable
and my car that is 11 170. okay um so yeah so part of this paying off debt for most people that call the show katie i would say nine out of ten of them don't have money to pay off these credit cards in this car so we're going to be talking to them about
The Ramsey Show
Your Debt Should Make You Uncomfortable
working extra sacrificing lifestyle all of it but your position is completely flipped because you you have that cash so like what jade was saying is that's a big green check light but also katie we want to establish new habits so that we don't get back into this place of debt again so what were you using the credit cards for the the two um just spending okay um
The Ramsey Show
Your Debt Should Make You Uncomfortable
Yeah, and the three to six months too, Katie, is enough to cover to what jade's saying when these big things come up to cover with cash but it's also not so much that you're getting frustrated that you're not making a lot on return right so it is that perfect medium are you single married kids what's like your life status I am married. I have one baby. Okay.
The Ramsey Show
Your Debt Should Make You Uncomfortable
So since you like security, Katie, I would go more the six-month emergency route versus the three-month. Yep. So I would stick with that six months. Do you know from an operating budget perspective how much money you guys need per month just to keep kind of where you're at? And I'm thinking, you know, mortgage payments, utilities, gas in the car, food, all of that.
The Ramsey Show
Your Debt Should Make You Uncomfortable
What would you guess to keep you guys afloat for a month? How much money? Um...
The Ramsey Show
Your Debt Should Make You Uncomfortable
No. And considering it's, you know, is it pre or post tax?
The Ramsey Show
Your Debt Should Make You Uncomfortable
yeah and when you're talking about you didn't know much about investing a great place to start katie a roth ira is a great option you and your husband both can open it up you can both put seven thousand dollars in and that grows tax-free and within that roth ira you'll invest in mutual funds and i would sit down with a smart investor pro to to kind of get all this started and then do you and your husband both have um retirement benefits at work like 401ks or a 403b
The Ramsey Show
Your Debt Should Make You Uncomfortable
I do not. I believe he does. Okay. So yeah, so I would use that 15% to fund two Roth IRAs, go up to the match with his 401k. And how much do you guys, household income-wise, are you making a year? I'll say $60,000. Okay. Are you guys working together with your money? Do you guys have a combined checking account? No. No, we don't.
The Ramsey Show
Your Debt Should Make You Uncomfortable
It's pre-tax. Okay. So yeah, so I would probably, I think you're going to be better off, and again, talk to a smart investor pro, but when you actually look at everything, I mean, even from index funds to mutual funds, you'll get a better rate of return just doing something like that, even though you'll have to pay capital gains when you pull the money out.
The Ramsey Show
Your Debt Should Make You Uncomfortable
What's he say about what's he say about all this? Does he want to? Does he feel out of control? Money wise? Is he feeling like a little bit like, oh, gosh, are we on track? Have you guys been talking about it? And that's why you called? Or is this just you on your own feeling it and you don't know where he's at?
The Ramsey Show
Your Debt Should Make You Uncomfortable
How long have you been married? Five years. OK. How are you feeling about that? Do you like how that is or would you rather say, hey, we're a team in this and all together we're like working towards our future together with investing and we know what's going on?
The Ramsey Show
Your Debt Should Make You Uncomfortable
And starting us off, this show is Nick in Detroit. Hey, Nick, welcome to the show.
The Ramsey Show
Your Debt Should Make You Uncomfortable
And so, yeah, sorry, Jay, does he have debt, Katie? Do you even know? Yeah. Yes. How much does he have?
The Ramsey Show
Your Debt Should Make You Uncomfortable
Katie, do you care to stay on the line? We have to go to a break right now, but I'd love to keep talking if that's okay. Are you okay if we hold you over to the next break? Yes. Okay, thanks, Katie. Katie, you stay on the line. We have a hard break right now, but we'll be back and unpack some more of this because I think this is a great to be able to help her and for you all.
The Ramsey Show
Your Debt Should Make You Uncomfortable
This is where a lot of people are in America from a financial perspective. So we'll be back.
The Ramsey Show
Your Debt Should Make You Uncomfortable
That still feels like a- It's going to be a better growth rate. Yeah, absolutely. But yeah, how much do you make a year?
The Ramsey Show
Your Debt Should Make You Uncomfortable
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The Ramsey Show
Your Debt Should Make You Uncomfortable
That's ramseysolutions.com store. Welcome back to The Ramsey Show. We have Katie on the line from Dallas from the last segment. And Katie was telling us she has $47,000 saved, $24,000 in debt, which was car and credit cards. And she was wondering initially when she called in about how to invest and how to pay off debt, not just let that money sit there because she wants to make progress.
The Ramsey Show
Your Debt Should Make You Uncomfortable
And as we kind of were digging into that, To the numbers in her situation, kind of unpacking the relational side of money. And marriage and money is so closely related. When you are married, working together with your spouse and being on the same team is a crucial part. But also we know on the other end, it's one of the leading causes of fights and tension and divorce and conflict.
The Ramsey Show
Your Debt Should Make You Uncomfortable
And when you're not on the same page and when you live kind of separate lives financially. And as we were unpacking with Katie a little bit, that's what we've kind of started to discover is – where they are from a relational standpoint when it comes to their money katie is that a good overview would you change any of that or add anything
The Ramsey Show
Your Debt Should Make You Uncomfortable
Okay. I think you'll still qualify for a traditional Roth IRA at that range. So I would definitely be funding that. You can fund up to $7,000 and that. That might change in 2025. But I would do that 100%. And then I would probably just look at index funds or mutual funds beyond that. It's not retirement and you're not getting that match. But how much are they matching? What percentage?
The Ramsey Show
Your Debt Should Make You Uncomfortable
We unpacked it. Yeah, so before we were getting off the call, we just kind of asked, and I feel like it kind of struck some emotion in you of knowing that you guys don't work together, but yet he has a lot of debt, and you said it was just too much debt for you to even want to handle or to face. Is that right?
The Ramsey Show
Your Debt Should Make You Uncomfortable
Okay. What other debt does he have? What's the credit cards and collections? What are those amount to? Do you know?
The Ramsey Show
Your Debt Should Make You Uncomfortable
And does he have any money saved in his name? No.
The Ramsey Show
Your Debt Should Make You Uncomfortable
So, OK, so, Katie, I think what this starts to open up and what you're feeling and correct me if I'm wrong, but it is touching every security insecurity part of your story and in your life. Like you've done everything you can to stock money away, even now.
The Ramsey Show
Your Debt Should Make You Uncomfortable
taking out credit cards and spending over here but just knowing the safety of money has been a lifeline for you and probably coming out of a lot of pain from your parents experience and you've done everything to safeguard yourself right um against i would say against debt but what's funny is you've taken on some debt right so there is still a level of risk there but you've patted yourself with the savings and it's kind of become your lifeline and you're gripping onto that and letting go of that is one of the scariest things for you to do would that be correct
The Ramsey Show
Your Debt Should Make You Uncomfortable
Yeah. Which is very understandable, Katie. Very understandable. And so I want you to, as much as you can, because with money, emotions drive so much of this. And the more logical we can get, the safer I think you're going to feel with some of these decisions.
The Ramsey Show
Your Debt Should Make You Uncomfortable
And one of the first steps I would do is sit down with him because I don't know his... I'm not on the phone with him and I can't ask him these questions. I don't know... Where he's at. If he is at a place, Katie, that he's like, I'm so overwhelmed. I'm so mad at myself. Right. He's probably not feeling great about himself. And it's like, I want to change. I want to turn this around.
The Ramsey Show
Your Debt Should Make You Uncomfortable
That's that's one scenario. A scenario would have a red flag and cause you to pump the brakes a little bit on all of this. If he's like, I don't care. I don't care, Katie. I'm going to do what I want. And we get those calls, too, with some guys that are like, well, he wants to buy the truck. He doesn't care. He's going to buy it. And we're you know, we can't make the payment, but he doesn't care.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Right. So like that is a character issue. If it's that, would you say it's kind of the first scenario or the second?
The Ramsey Show
Your Debt Should Make You Uncomfortable
Yeah, but so he's more on that first scenario, you would say. He's all for it. Okay. Okay, so Katie, I want to encourage you that this is all good, right? I know you feel overwhelmed, and we're going to walk you through a very clear plan right now. So the first thing I want you to do is you guys together tonight – You can open a bottle of wine if you need, like, just a good sip of something.
The Ramsey Show
Your Debt Should Make You Uncomfortable
interesting way okay it's hard because it's free money coming from the company right but again your rate of return i just think that you could five percent is i think you could still i think yeah i think you'll end up better just doing it on your own versus putting money into this
The Ramsey Show
Your Debt Should Make You Uncomfortable
Order a pizza. Whatever you got to do to relax and say, okay, together, we're going to look at everything. We're getting out our pay stubs. We're going to know exactly, because when I asked you how much money you guys make a year, you said, I think around six. Like, I want you to know to the dollar, here's what we make combined. Here's every debt. We're going to write it out.
The Ramsey Show
Your Debt Should Make You Uncomfortable
And we're going to know everything here. And we're going to, tonight, shake hands and say, we are now a team. Together, no longer are we roommates Venmo-ing each other for the mortgage. No, screw all of that. No, we are one. When our income hits our new checking account that we're going to open on Monday morning, when our income hits that account together, we are working as a team.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Because when you do that, Katie, not only from an emotional perspective, does it create so much unity and so much of a more beautiful marriage because you see yourselves as one, which is what you do when you choose to get married, to live life with another person. You're living that out on a tactical sense with your money. So that's such a beautiful part of it.
The Ramsey Show
Your Debt Should Make You Uncomfortable
And then together tactically, as you start to trust each other in this, you're going to have this cleaned up, Katie. I would sell the boat immediately. But then by Monday, you guys can take this $47,000. And this is going to scare you, but I would pay off all, I would keep a thousand and, and you would have, you have, I think 42,000. If you, if you don't count the books, I want that sold.
The Ramsey Show
Your Debt Should Make You Uncomfortable
You're going to pay off everything else. Okay. And so you're going to have $5,000 left and you guys together are going to have a goal. I would say to save up probably, I don't know, 26, 27,000 for an emergency fund. And you're going to, that's your next goal together. Katie is to work to, to buff up that emergency fund. Okay. Yeah.
The Ramsey Show
Your Debt Should Make You Uncomfortable
And that's going to take you guys, you know, maybe the next eight, nine months, ten months to do all of that for that emergency fund. But together, that's going to be your goal for 2025. Together doing this. Getting rid of the payments. We're done with payments. And now you're going to have your full income to be putting towards this emergency fund. $5,000 in this.
The Ramsey Show
Your Debt Should Make You Uncomfortable
That's scary. Is it scary because of what's going to be left? The $5,000 or it's scary that you're paying off his debt? That's scary.
The Ramsey Show
Your Debt Should Make You Uncomfortable
You have a lot of your income, Katie, leaving. And a lot of it's going to be coming back to you. And you'll be able to build this emergency fund up back very, very quickly. And then beyond that, you can start investing. Hold on. Stay on the line, Katie. And Emily's going to pick up. And we're going to put you guys through Financial Peace University.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Yeah, absolutely, Jay. Thanks for calling. Yeah, I would do that. But then definitely, you know, sitting down with a smart investor pro is always what we're going to recommend. I always hate giving blanket investing advice, you know, in a three minute call because there are some ins and outs and different employers are offering different things.
The Ramsey Show
Your Debt Should Make You Uncomfortable
It's our nine-lesson course and give you every dollar premium. So when you guys start looking at numbers today, you can start building out your first budget. Thanks for the call, Katie. We're cheering you guys on.
The Ramsey Show
Your Debt Should Make You Uncomfortable
All right, Christmas is almost here. And if you are still buying gifts for people on your list, buy them a gift that actually will create change, kind of a positive gift that they can use beyond Christmas. And we have almost 30% off some of our best-selling products in the Ramsey store. If you go to ramseysolutions.com slash store, you can check it out there.
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Your Debt Should Make You Uncomfortable
The Total Money Makeover, Building a Non-Anxious Life, Breaking Free from Broke, All of these best-selling books are 30% off. And also, the Questions for Humans deck are just $12. And that's the couples, friends, and parents and kids editions. So there's a lot there, you guys, at ramseysolutions.com. The Christmas deals are ending soon because Christmas is right around the corner.
The Ramsey Show
Your Debt Should Make You Uncomfortable
So again, give a gift that can create some change in people's lives that you love. All right, we're going to go to John in Midland, Texas. Hey, John, welcome to the show. Hi, guys. Thanks for taking my call. Absolutely. How can we help?
The Ramsey Show
Your Debt Should Make You Uncomfortable
I mean, the amount of changes that's occurred with retirement funds within companies in America, even over the last 10 years, you know, companies offering now Roth 401k is up by 20% versus what they were offering even five years ago.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Yes, absolutely. Yeah, digging into that and looking at those numbers. But yeah. Yeah. So, yeah, I would get with the SmartVestor Pro J, double check all of that. But that's my knee-jerk reaction for sure is because when you look at all of these and the older people get, there are financial advisors out there that start to recommend more conservative funds. That's true. Like bonds and all of that.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Yeah. I mean, you've done a fabulous job, John. I mean, it's incredible. I mean, yeah, I think that that's exactly right. And if you want to make it easy... and make it that automatic transfer to a money market account or a high-yield savings account to save for that down payment, I would say, yeah, absolutely. You know, there's always, you know, I don't feel this with you.
The Ramsey Show
Your Debt Should Make You Uncomfortable
That's why I just want to say it out loud, though. There is something when you're starting something new, you all that are listening and watching, And you're starting to build new habits. I do think being as hands on as possible and going through the motions is really important.
The Ramsey Show
Your Debt Should Make You Uncomfortable
And so some people just want to automate it their whole life and be like, oh, I don't want to have to like feel anything. It's just going to happen. There is something about stepping in and saying, no, no, no, I'm going to transfer the money myself. So I'm practicing and seeing this happen.
The Ramsey Show
Your Debt Should Make You Uncomfortable
And there's something about taking control in this discipline over your actions, which is a big part of winning with money long term. But John, I think you have some of these disciplines already in place. It's not like you're trying to change something big from your habits. It's more of a tactical change. And so doing something automatic at that point, I think is great, right?
The Ramsey Show
Your Debt Should Make You Uncomfortable
When you have stuff that just automatically comes out because you know, yeah, we're paying for electricity or paying for cable. Yes.
The Ramsey Show
Your Debt Should Make You Uncomfortable
and it's just coming and it's making my life easier in that way uh that's a benefit for sure and that would be the same with savings so if you do want to create an automatic you know transfer and and knowing that that high yield savings you can get to that money for some reason right if you lose the job or like whatever it is you know you can get to that money um but yeah but that's great john how old are you i'm 25 okay way to go and what do you do for a living
The Ramsey Show
Your Debt Should Make You Uncomfortable
Okay. Okay. That's great. I know it's always encouraging to talk to people in their, when they're young and in their twenties and you're making, yeah, I mean, incredible money doing it. So, and handling it really well. So that's, um, incredible, John. Good luck to you. I think that that's, yeah, that's amazing.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Yes, for sure. Um, um all right let's see we got uh oh this is a fun instagram handle okay ready for this yeah jacuzzi 101 okay you like a good time at what point should my adults children's finances be none of my business oh i'm gonna go with at the point they're adults
The Ramsey Show
Your Debt Should Make You Uncomfortable
Yeah, this is always a tricky one because you hear,
The Ramsey Show
Your Debt Should Make You Uncomfortable
parents still wanting to be involved in their kids decision making and probably some of it out of a good heart right seeing kids maybe making mistakes or making decisions that you wouldn't make and you want to still be the parent in that way and intervene but I feel like the more life I've lived Jade the more successful relationships I see with parents and adult children happen when they start to become more peers yeah
The Ramsey Show
Your Debt Should Make You Uncomfortable
When you step into adulthood and your parents actually see you as a fellow adult and they're still not trying to parent you or lecture you and they see you as a peer, usually from the people that I've seen in my life that have great relationships with their parents, it's because of that.
The Ramsey Show
Your Debt Should Make You Uncomfortable
That's true. But still, I think even then, you know, it's advice you want to look at because I think on the flip side, when you're still in quote-unquote riskier, which is mutual funds aren't even that risky, you're still going to get a better rate of return. you know, I'm just never a fan of bonds is what I'm trying to say.
The Ramsey Show
Your Debt Should Make You Uncomfortable
There's kind of this mutual respect and the ones where there's usually tension when it's like, oh, God, my dad's still telling me how to load the truck or my dad, you know what I mean? Or my mom is still critiquing this or that or like, you know. Whatever it is, that's usually relationally when there's some tension. So I'd say none of your business.
The Ramsey Show
Your Debt Should Make You Uncomfortable
And if they don't ask, not much you can do to change other people. You really can't. Really can't. Well, thanks to all the guys in the booth for making this a great hour. Jade, thank you as always.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Being a great co-host. Thanks to everyone out in the lobby at Ramsey Solutions. And thank you, America. We'll see you on the Ramsey Network app, podcast and YouTube. Make sure you guys download the app. So we'll see you next.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Even, even as you get older, I just don't think that it's worth like, yeah, the limited growth. So thanks again for the call, Jay. This is the Ramsey show.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Welcome back to The Ramsey Show. Today's Ramsey question of the day is brought to you by our sponsor, WhyRefi. When you're trapped in a maze of defaulted private student loan debt, it's hard to find your way out. But WhyRefi can offer you a lifeline with a custom refinancing based on your ability to pay and a lump sum payoff option that you could qualify for after 24 months.
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Your Debt Should Make You Uncomfortable
So go to whyrefi.com slash Ramsey. That's whyrefi.com slash Ramsey may not be available in all states.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Yeah, no, no, no, no, no. Having guests pay for their plate at the wedding. No. Yeah. That's a hard pass. And it's different if it's like your birthday dinner and y'all are all going out to dinner, you know, to a big dinner and everyone covers their meal.
The Ramsey Show
Your Debt Should Make You Uncomfortable
But there is a an etiquette. I feel like when you invite someone to your wedding to celebrate you, their their presence is the gift, not them having to fund. Yeah. Fund it.
The Ramsey Show
Your Debt Should Make You Uncomfortable
You know, there's there are trends and we've talked about this. I think George Campbell and I debated this a little bit of people asking instead of a wedding gift to Venmo money to the bride and groom so that they can help pay for their honeymoon and like that kind of stuff.
The Ramsey Show
Your Debt Should Make You Uncomfortable
And if they want to do that, because some people, they will just give money for a wedding gift.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Yeah, and that's their choice, and that's great. But forcing people into a lane of how they're going to be generous to help you feels like, I don't know why, it just feels off to me.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Okay, so you have extra money. I just want to make sure I'm understanding your question. And you're asking if you should be using it to cash flow college or do something else with it.
The Ramsey Show
Your Debt Should Make You Uncomfortable
No, because I'm a millennial and I still think it's... Okay. Yeah. Maybe it's the Gen Zers. Maybe they all think it's okay. I don't know. Maybe it is. I don't know. No more. I don't know. Eboo's a Gen Zer. Would you put a Venmo? Would you put a QR code? Yes or no? At your wedding reception. She says yes.
The Ramsey Show
Your Debt Should Make You Uncomfortable
All right. All right. Well, let's head to the phones. We have Hannah in St. George, Utah. Hey, Hannah. Welcome to the show. Hi. Thank you for taking my call. Absolutely. How can we help?
The Ramsey Show
Your Debt Should Make You Uncomfortable
Yeah, a good high yield savings account, Hannah, I would go ahead and open that and put your $1,000. And I wouldn't do right now the 10%. I mean, the 10% for giving, but we really, we don't talk about percentages for savings until maybe step four. That's right. And so this like, oh, we're gonna put 10% of our income for savings and do an emergency fund.
The Ramsey Show
Your Debt Should Make You Uncomfortable
I would put it all together and I would not worry about the percentage. I would find whatever money I had in my budget and get that $1,000 as quickly as possible. So you may be able to do it, depending on what you guys make and what your budget is, this month, right? And it may be 25% of your take-home pay, and it fills up your emergency fund that way.
The Ramsey Show
Your Debt Should Make You Uncomfortable
But I would not look at percentages for saving right now. I would get that $1,000 as quickly as possible. Then once you guys are completely debt-free, then you bump it up to three to six months of expenses using that same high-yield savings account. That $1,000 will then kind of be that springboard into...
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
I wouldn't. I mean, I would get to a point that you would be able to cash flow the next purchase because, yeah, I mean, because if anything, it's if you went and got another mortgage and had a rental, then the rental payment, you know, is going to eventually be paying the mortgage of your primary house. And so...
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Yeah. And I love the question, though, Amy, because I think, again, we're all for real estate investing. But I do think there is this like romanticized idea of having rental property. And it's not that passive. I mean, there is so much that goes into it. You have to deal with people. You're dealing with stuff breaking. I mean, like you have this massive asset.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
And if you don't have a lot of cash flow to cover some of those things. it just ends up being a real headache. And so, again, the most peaceful thing to do is, what I would do is, yeah, roll all your equity into the next house. And like Winston and I, which I know this is, these years aren't here anymore, but this was about a decade ago. But we got a condo, George, for $44,000 in foreclosure.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Simpler times. It was far out of Nashville.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
crappy crappy condo we went and redid it and all of it and we kept it for about a decade and then sold it so like and i appreciate it you can start really really small start small don't feel like you have to go big and again it's not as passive as you think it's a lot of work it's a lot of work good reminder and if you want free guide complete guide to investing go to ramsey solutions.com slash guide anyone listening out there it's our free guide for investing ramsey solutions.com slash guide
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
So keeping them separate is what we would recommend because you guys aren't legally married. So combining finances to someone that you're not married to can get really messy really, really fast. So yeah, I would definitely keep it separate. So I would work two completely separate baby steps. So you have your $700 with your debt. He has his.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
And then if you guys ever did get married, then you would combine it. After you say, I do, rings are on. Good to go. Combine it all and you can work out of one account. But yeah, what we have found, Lindsay, is just that, you know, if or when, you know, a breakup happens and so much of either his assets, your assets end up getting entangled with each other and you're using your assets
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
income to pay off his debt he's using his income to pay off your debt and it really from a individual standpoint you've made no progress um or or less progress than you would have made if you just worked on your own if something were to happen and you guys separated so um so yeah that's what we would we would say can i ask a harder question lindsey yeah absolutely when are you guys getting married
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
When you moved away, how far away are you from where you guys moved? Because when you said, to go back to my job, does that mean move again to go back to the old job, or you could do something different with where you guys live now?
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
My gosh, it determines on the... He pays his off first.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Don't listen to that, Lindsay.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Yes. Why are you going back? What are you getting back?
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
I mean, I'm usually more on the side of moving out. Now, if you had a very, very specific goal with a very specific time frame, saying maybe you had $15,000 in debt, and you're like, I'm working three jobs. I'm going to pay this off here, but I'm saving money on rent. But in six months, I'm moving out after the debt's paid off. If there was something that was more specific for you,
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You Need To Do a 180 From the Life You’ve Been Living
Yeah. Does she understand what's going on financially at all? How is she feeling? Is she stressed about it?
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
then maybe considering it. But the fact that it's just to save up for a down payment on a home, I don't know. There's something to be said about just living on your own and figuring out life. There is something within your character that changes when you have to be the one responsible completely. And now that you're an adult and you're working full time, you're making great money.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
I think it's just, I think it's better for you to be out on your own. Now you're 20 years old, so you're still pretty young. You're not, you know, Oh, yeah. 28s or 30, 32.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
But to move out though. Yeah. Before you.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Yeah, and I would have a money goal between now and February if you decide to move. Whenever you're deciding to move, have a goal of an amount you want and a time frame. And I think it would be very mature of you to sit down with your parents and say, hey, here's my plan. You know, I'm going to be here for four or five more months. My plan is to save up this.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
I'm going to pay off my car and just give them the dignity as parents to be like, yeah, I'm an adult and I'm moving off. And well done, mom and dad. Thanks for all the help. And I'm a man now and I'm making my own money and living in my own spot.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Yeah, so we got a call when Ken and I were on the show probably a few months ago. And it was a mom who got her daughter tickets to the Taylor Swift concert. And she was like, well, if she sold those tickets now, she could pay off all of her student loan debt. What should we do? And I'm like, you go to the concert. I mean, I feel like you'll live once. This is insane. Go to the concert.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
You can't get tickets for it. If you got tickets, you go. You figure out the debt later. You didn't go into debt for the concert, but... The tickets are bought. Just go and enjoy. And then Ken over here became a Swifty and said the same thing. I was shocked.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Okay. When you say she's blind to it, does that mean that she doesn't have all the information or she has all the information, but the way she's processing it is not correct in reality?
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
I couldn't believe it. So then the comments on YouTube were like, well, and the comments were like, Dave would never give this advice. They're giving the wrong advice that David would. So then when Dave was on the show a week later, we played the clip. So I was like, Dave, you tell America, were we wrong? And he agreed with us only because it was a gift from the mom to the daughter.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
And he said, you can't undo a gift. You can't like make her now sell it. Now, he said, if your daughter called me, then maybe I would make her sell.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Okay. How much are you guys in the whole month financially with after everything's paid? How much more do you need?
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Oh, yeah. I agree. You go, Jill. Go to the concert.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Yes. And because that the tickets, the value of the tickets went up so high.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Oh, you are, Ken. My daughter is. Deep in your heart, I think you're there. Because it's always the tension on this show when we talk about money that we say you live like no one else, so later you can live and give like no one else. That's a great point. This mom was debt free. The mom was responsible financially. She had the cash to pay for these tickets like she did nothing wrong.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
I mean, nothing that we would say like, oh, my gosh, you shouldn't do that. But her daughter, on the other hand, right, is the one with the student loans and all of it. But it was a gift to her daughter. And again, it's this tension between we want to be wise financially. You want to get to a place that you financially are at peace. You have a solid foundation under you don't have debt.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
You have an emergency fund like we take care of it. We are adults. We're going to be wise with our money. But then on the other hand, hear me say this, and all of you that have listened for a long time and are on Baby Steps 4, 5, 6, and 7, enjoy your life. Enjoy your life. And everyone's like, oh, Dave saves all the time. Dave Ramsey doesn't. He saves, but Dave spends.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Dave parties. I mean, he is a spender, and that's what we want for you, too. We want you to be at a place where you have the money and you can enjoy it.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Yeah, the Ramsey message is not, oh my gosh, we're going to have to find coupons for every single purchase for the rest of our lives because we have to just save a ton and we're going to just die with all this money and we never enjoy life.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
It's the opposite. That was a personal attack. Enjoy it. Enjoy life.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
He likes to split appetizers at restaurants with people. This is true. I'm like, there's a point, people. There's a point that we need to just relax and enjoy.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
And the mom said. And she followed up. What was it? It was something. I forget. Down bad at the gym or something. Yeah.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
And just know, one of the joys of happiness, and they found this scientifically proven. Arthur Brooks talks about this. You actually can find joy when you spend money on experiences with people that you love. It brings actual joy to your life.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
I'm in. He just talked about how he didn't have a lot of friends to travel with.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Yeah, how much of the $3,000 is debt? And how much of it is just bills for lifestyle?
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
because apparently she hasn't been able to uh to make her minimums either okay so it's sounding more like a relationship issue jeremy it sounds like you guys just aren't doing well as a couple in general i don't know if money's the main issue i think it's become a symptom of it but you guys it doesn't sound like you guys communicate well or or have the same goals or or um do this life together very well it seems very separate even from an emotional standpoint is that right
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
$534. Okay. And then what other debt? You said a personal loan.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Yep, for sure. Okay, so yes, I would stop contributing to your 401k for sure. I would stop any retirement savings. I would press pause on that. So I would call your HR department on Monday and make sure that no more money is taken out.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
And this car, Alexis, it is way beyond what we would recommend. We always say that you want anything with motors and wheels to be half or less of your annual income. And yeah, you're making, you know, $50,000. You have a $30,000 car. You have too much car. So I would be getting rid of that. Do you know how much it would be if you sold it? Kelly Blue Book it?
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Because if you think about it, this car payment is exactly the amount of money you need to stay current on all of your bills every single month and break even. So yeah, and I would, and Alexis, I would do a private sale.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
then you will take another small personal loan. And you can add a couple of thousand dollars to that loan as well just to get a car to get you by. But again, I'm talking about like a really crappy, not great car, like something really, really, really, really cheap, like five, six, $7,000. Because I would rather you have a $10,000 loan than a $30,000 loan right now. So-
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Yes. And then what's the situation with your kids? You said you're co-parenting. What do your weeks look like? Do you have the kids every day? Are you split custody? Or how is that working?
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
So yeah. Cause I mean, I, if I were you in this position, um, I see a way out. You're able to, you're going to be able to get out of this debt, even though I know it feels overwhelming. But if you think about it, if you go down and car and we'll pretend your new loan is 10,000, um, yeah, you have some credit card debt, but then the, that's going to be 12,000. How much is credit card debt?
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
And then, Alexis, too, sorry, I know we're throwing a lot at you, but your rent, you're bringing home $3,000 a month, and your rent is $1,800. So that's more than half of your take-home pay. So I don't think that's sustainable. That's going to be a really, really hard hole to climb out of, in a sense, versus if it was, you know... A thousand bucks. Right.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
And I know that rent and more like the housing situation is less in your control. It's so difficult. So, so difficult. But again, for a season for two years. Right. Like it's not going to be forever. But for two years, finding something that is way cheaper is something that I would look into, too, because it's either getting your income up. Or it's going to be lowering your expenses.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
And that's a glaring expense that I see that's not, from a ratio standpoint, is going to be really difficult for you to get ahead with keeping that more than 50% of your income going to rent.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
And I would say still on top of moving. Would you, George?
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Because I would hate to have a side hustle just to keep your living expenses afloat. Because the goal is that your income keeps everything afloat that you need, your four walls, and anything extra is going at the debt. And so again, I think it's going to be difficult to do that with that $1,800 rent payment. So I would look really hard
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
For the food truck itself, is it something you would go back to doing? If you were completely debt-free, would you still keep doing this, or are you getting burned out?
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Yeah, and I think you're listening to your gut. And I think you're seeing kind of the tea leaves of what's happening, which I think is really smart, Corey. Really, really smart. Especially when you talk about the food industry. We've gotten calls of people... that want to go straight to the brick and mortar and take out a massive loan.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
And the food industry is one of the highest ones, the highest parts of small businesses that goes up and it goes down. And it closes more than any other industry. And as you experienced with the food truck, it's a tough... It's a tough world to be in. It's a lot of work, a lot of work. And again, not always with the guarantee that it's going to be successful.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
So being a chef somewhere, I think sounds like the perfect next stepping stone.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
And you're still doing the thing you love. You're still able to be in that world of cooking and food and hopefully innovating. Yeah. I mean, like to me, this is kind of a no brainer, honestly, because I don't know, you kind of get to still live your dream, but not have to deal with owning anything right now.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Yeah, and just to give you some hope, and I mean, you guys have just been doing this a couple of months, and even with the budget, we say it usually takes about three to four months to really get in the cycle of doing it and it actually be correct that you can live on. So you guys are just starting out, and the fact that you're so gung-ho about it, I mean, you're going to make great progress.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
And you know what? Hold on the line, Corey. Christian will pick up and we'll give you every dollar premium for a year on us. And this is our budgeting app that hopefully will help get this a little bit more organized. It's a very, it's a great app because it's very fine tuned. Like you get to see all the caters.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Can you keep the kids fed, though, where you guys are to be able to work on the relationship and get a higher paying job where you are?
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
How much money did you guys take? How much money went into all of this?
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
So over the course of that amount of time is it added up to a million.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Is it outright or do you guys owe anything on a mortgage?
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Stacey, how often can you paint? Because when you said, I can sell a painting for $3,500, I mean, that's...
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Yeah, I mean, I'm not kidding. That makes sense.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Do you have paintings sitting waiting to be sold? Oh, yeah. Okay, okay, okay. So it's not a matter of like, okay, gotcha, gotcha.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Yeah, it's just... And the jobs you're applying for... I'm not an entrepreneur. Yeah, yeah, no, you're good, Stacey. I think, yeah, yeah. What kind of jobs have you been applying for? I'm just curious. Has it just been... Oh, my gosh. You name it, I've applied for... So even like administration-type roles? Everything. Everything.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
and um you know what you could have you looked at um online type jobs like I just wonder even for like as a virtual assistant like usually moms that have raised kids can get crap done like they know how to schedule they know how to run a household um so I even wonder from like a virtual side you could do a virtual thing and paint and try to kind of get that going I haven't done that um
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
I would look into something like that because a lot of people, you can even piece together a couple of jobs because some people just need someone for 10 hours a week, you know, and you could get, you know, two or three people that you're helping. And then on the side, how old are your kids?
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Do you have 20 something year olds?
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Okay. We have no family. Well, I'm thinking from a social media perspective. Ask one of your sons any of their girlfriends that they know or people like friends and jump on the phone and learn some of this. I'm not kidding. And you don't have to grow this crazy account, but getting your paintings out there. Because, Stacey, I really think that $3,500. I've got 450 followers right now.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
And considering you guys have no retirement, Stacey, you probably will be, you guys probably will be working for the next probably 10 years or so. So we're going to give you Ken Coleman's material, his assessment.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
And it's awesome because it will, as you fill it out, maybe spark ideas for you from a work standpoint that could just kind of get your wheels turning on other opportunities to get some income in. Because I think that's going to be your best bet. And I'm so sorry that this happened. I mean, I know you guys are adults and you guys made the decision and you're reaping the consequences of it.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
But it's really hard. Well, I'm getting your journal. Oh, yes.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
I'll throw that in there, too. I have been a little bitter about all this. I would, too, Stacey. I would, too. But you guys, yeah, as a couple, you know, I mean, that's a hard pill to swallow. It's a big thing to grieve. It's a hard pill to swallow that you guys... But you know how to save. You guys had a million dollars. At one point. Yeah, I mean, I know we'll make it. Yeah, you will. You will.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Well, hang on the line. We'll get you Ken Coleman's material in my contentment journal, and we'll get that out to you, Stacey. But it is. It's a little bit of the grind, and it's swallowing that pill of bitterness of like, man, what did we do? But hey, that was in the past, and now you get to choose a different future.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Yes, that'll be close to $15,000. Yeah, I mean, have you looked at homes? I know it says Chicago on the board where you're from. I guess a suburb of Chicago. Have you looked at homes and what they're costing?
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
But you wouldn't say to rent long-term, though, George.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
No, yeah, and you may not have to purchase it in cash. He could put down payments.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Yeah, yeah. And money's fun. All this is fun.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
because you guys could get close to i mean if you guys saved for the next two years let's say you could save up to 30 grand and just that cash flow that you're you know living off of uh plus the 50 that you have uh that gets you close to 50 of a 140 mortgage you know what i mean so like your your math is um it can compound pretty quick if you if you do work maybe one more year
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
How much are your expenses a month, Dan, for you guys? How much do you guys spend a month? Oh.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Okay. So, yes, I think what George was saying, that $3,000.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
That's right. That's right. So then, yeah, that's $4,000. Let's pretend that the mortgage was $1,000. So that means you'll need $4,000 a month. And so you get the $2,000 that you were saying comes in from Social Security and everything and making sure that you can withdraw. Again, we're just speaking on round numbers here.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
For sure. And that's a common issue that we hear with people that do ministry and housing is provided. It's like, oh my gosh, that's great. I don't have to pay for rent or a mortgage. And then you get...
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Okay. So, Jeremy, I think what it comes down to is you guys aren't paying your bills. I mean, what's happening financially, there's an issue. So... The adult thing is that you both sit down together and say, here's what it takes to run our household. And we have to make X amount every month for this to happen. And we don't get to decide that we don't feel like doing that. That has to happen.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
And always remember that your housing line item in your budget is usually number one, the most expensive and number two, the most volatile because rent especially will always be going up. That's what we've experienced right over the last few years. Like it continues to go up. It rarely, if it never goes down.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
So if you like just say, well, I'm never going to buy a house. I'm going to just be a renter for the rest of my life. Well, that's one expense in your budget. That's very expensive and will continue to go up versus saying, I'm going to buy a home. and I'm going to work to pay it off. That's why it's Baby Step 6. We actually met somebody at the break, George.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
She just paid off her house on Tuesday, and someone else had paid off their house that was here for their 40th birthday.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Two houses in a row that were people paid off their house.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Yes, and so that's the beauty is that line item, again, is out of the budget.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Yeah. And this is always helpful because especially if you're new to the show, a lot of people find us on podcast or YouTube and been listening just a little bit. you know, to know kind of where you stack up against other people, you know, other people, other Americans, but also against the plan just to kind of know where am I? Like, how do I even start this process?
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
It helps you really kind of get a baseline for it. And I think that's always helpful. If you're, you know, money's an area for some people, they don't really think about.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
That's right. Yes. But so to get actually a concrete idea of, okay, this is exactly the next thing I need to be doing. It's a great tool. So make sure to check it out.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Just a personal little- A little grudge there, George. You just feel that.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
George is not uptight at all. No worries. Don't call it uptight. Not tightly wung.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
So either we're cutting our freaking lifestyle and taking everything off the table and doing nothing in order to feed the kids. Or we're going to have to decide different jobs. We're going to have to choose to move back. Like we don't get to just sit and not make money and not pay our bills like that. Like we can't do that. So that's not an option. We're adults and this is part of life.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
And so that's one thing. But the other thing I'm very concerned about, Jeremy, is the relationship. I mean, I mean, it just it sounds bizarre to me that she's so in the clouds that she wants nothing to do with you financially. Then she's made that very clear. My question is why? Because long term, this is not a sustained relationship.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
You cannot live your life on two separate pages financially because what that is, it's an indicator of how your relationship is in general. And you guys are going to just keep moving further and further apart. And you guys have two kids together. So it's worth the fight. But you first, from a tactical standpoint, have to get enough money in to pay the bills.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
And you both have to come to that understanding. And if she is so in the clouds in that, then she may not be a great partner long term because she's probably in the clouds on everything else. So there has to be some big decisions that are going to be really difficult. But you both have to step up as adults and decide to face it together.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
All right, today's question comes from Sid in Nebraska. What's your advice about retired senior citizens purchasing a house? Between Social Security and pensions, my husband and I have an annual income of about $125,000. We have $200,000 in cash and a little over $500,000 in our IRA accounts. We are going to buy a house for about $450,000.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Should we take money out of our IRAs to pay for the house or keep it invested and take monthly distributions to help pay off the mortgage in less than 10 years?
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
But it sounds like between the Social Security and the pension... 125Ks. That's not bad.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
Yes, I think the goal, Amy, for you guys is to invest 15% of your income into retirement. And so that's going to look like from a business side, what George is saying. Yeah, there's SEPs, there's solo IRAs, there's different options for entrepreneurs when it comes to investing for retirement. Then there's also just your traditional, like just a Roth IRA. And anyone can open up that.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
You can put in, I think, $7,000 a year per person. So you can do that as well. So those are two great avenues to be putting that 15%. And then anything above that, once you guys are at a point that the house has paid off and all of it, that's when you can get a little bit more money. expanded when it comes to investing.
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
So that's when you'd max still max out those retirement accounts because those are just great from a tax perspective. A lot of those grow tax free, which is fantastic. Or yeah, or real estate's another great option down the road. And we we always talk about paid for real estate. So it's not starting
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
big and fancy you're actually starting pretty slow because it's at the speed of cash and it's only after you've got your primary house paid off yeah this is after yeah that's a long ways seven yeah but for right now amy that shooting for that 15 of your income going into retirement specifically is going to be the best bet for you
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
And then put extra money towards the house. Do you guys own a house?
The Ramsey Show
You Need To Do a 180 From the Life You’ve Been Living
So I would put extra money to pay that off first before I opened up just like a mutual fund account. And then again, once the house is paid off, that's one thing Winston and I did. We opened up with just a separate mutual fund account that we just kind of had in there just to put extra money in, you know, if we had it. So yeah, so there's definitely those other options.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Okay. Yeah. Okay. So yeah, so keeping your car, Jasmine, and then your goal is for the debt snowball, you're gonna pay off your debt smallest to largest. So even with the credit cards, which we didn't really talk about in here, but you know, listing those out, if it's if it's three or four cards, and one is $2,000 balance, one's 4000, whatever it is.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
So let's just pretend that the car sold a $22,000 car and you now have an $8,000 loan. So you have an $8,000 car loan or a personal loan because of the car, your $6,000 car loan, and then list out your credit cards all separately. And then sit there and just say, okay, smallest debt to largest debt. And you're going to pay minimum payments on everything and pay the smallest one off first.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
It depends. Emily, will that change significantly year by year? Do you guys see that growing or do you think it's going to be pretty consistent for the next couple of years?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
And again, even if it's the... Even if one of the credit cards is a $1,200 credit card, pay that one off first. And then you're going to go down the line because that's how you're going to get the most effective use of your money. Once that's freed up, that credit card is paid off, frees up a couple hundred bucks a month to roll over to the second smallest debt. And you just keep that going.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
And God, Jasmine, I'm so sorry. But for everyone listening, this is why you don't co-sign. Because the bank looked at the sister and said, we don't trust you. No, they said you won't be able to make the payments. And if a bank won't give you money, who gives money to dogs? They like send dogs credit cards in the mail. Banks will give any money to anybody.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
So if they don't want to give money to somebody, that's the biggest red flag that is possible. Like a bank will not lend someone money. That means they're not good with money. They do not have the money to pay it.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
So do not take it, people. Learn from Jasmine. So Jasmine, I'm so sorry. And not to throw another little like element into this whole situation, but she did say she's expecting. I know. And so we usually go in stork mode if you are pregnant. So Jasmine, I mean, honestly, you may even want to pause all of this. Go ahead and do this at Snowball.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
List everything out so you kind of know what your plan is. But honestly, I would be just stocking savings for right now. If you can get rid of the car, that would be one thing I would do. I would take out... that $8,000 personal loan and get rid of the car. But you also want to stockpile some cash until baby's here and you're okay, everyone's okay.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
And then whatever money you've had saved during this time press play, hopefully that'll pay off a couple of those smallest debts as you're saving. But I'm sorry, Jasmine.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Today's question comes from Lucia in Arizona. She says, Wow, man. The quinceanera. The quinceanera.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Yep. What do you think, Rachel? I mean... Well, I mean, the range is what you're talking about here. I would have the same mindset as a wedding, that you can go as expensive as you want. Mm-hmm. You can go as inexpensive as you want. And a lot of that is dictated by the emotions and the expectations of the person involved, a.k.a. your 15-year-old or a.k.a. the bride. Yeah.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
And so I think there's a lot there. As a parent, you have more control over than a wedding, right? Yeah, yeah, yeah. And so I think you tell the 15-year-old, here's what we have saved. Mm-hmm. And it's a part of your tradition. So you're going to know we're going to save for this, right? So be putting money aside for it.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
And when the time comes, I mean, I wouldn't worry about inflation and all of that because we can't control it. But just save what you can. And what you have at that time is what you have to spend. But no, I would not be going into debt for it. I wouldn't even be... honestly stressing over it either. You know, I would have a plan for it and then let it be as it is.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
And the 15-year-old doesn't get to dictate the decisions either. So... Yeah.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Godspeed. But you have control over the expenses in that. So you get to make it as fancy or as not. But yeah, I wouldn't let...
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
the cultural pressure right because i know this is a bigger deal than like a sweet 16 yeah i get that it's like right of passage yeah it is it's a big deal so you want to celebrate and honor that but yet we're not going to be stupid about it that's right when it comes to the cost and we're going to be wise because that's a bigger gift to them than this one night kind of celebration right so and invite a lot of people so they get a lot of gifts and
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Okay, so how much is the school going to cost? How long is the program and everything?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Okay, and what are you getting your master's in?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Okay. And you've talked to people in this industry, right? And a master's is a requirement, would you say? Is that a barrier to entry to even get in and apply to some of these places? Or does it just look nice on the resume?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Okay. Okay. Cool. And you're making what now, did you say? Right now I make $61 a year. Oh, good. Okay. And what do you have in savings that's not retirement?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Okay. And which would be for how long? Four years? It would be about two and a half years. Okay. Yeah. I mean, honestly, Kaylee, I probably would. I would pause. I mean, it's a short time. You already have some in there, which is great. So that'll continue to grow. And I would take student loans off the table if I were you. Not an option. Yeah. Take it off as not even an option.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
So now going forward, how can I go to school and and get my master's debt-free. So that 17 is gonna help with the prereqs. And so what you could do, and people do it all the time, it's a lot, but people work full-time. They sure do. And go to school.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
And if you can keep your job and cash flow your way, I mean, Kaylee, that would be incredible because at the end of it, you have no debt, you're starting off, you get to switch jobs, you'll be making 80, which is a $20,000 bump at the low end. And you start retirement funding there and you're off to the races versus saying, oh, I'm going to just pretend that you go, you know, $43,000 in debt.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
What savings do you guys have, Emily?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
You come out and you're making 80,000. Well, that's half of your income already in debt. So it's going to take you probably three years to get back. So it's kind of this like, There's a big give and take here. So the sacrifice on the front end, which is gonna be a lot school and working, but cash flowing your way, even pausing retirement for two years, and then getting that degree.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
And then I would press play on retirement and go on. So that's what I do. But I would I would mentally it's a mind shift thing, but you have to mentally take debt off the table and then see what your options are. because when it plays, it's the easy route. It's easier just to sign your name right now. It feels easier, yeah. It feels easier.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
And then on the back end, it's so many more years climbing out of it financially. And that's more time missing out on retirement, right? I mean, like all of it, because you're going to be pausing for more years than two to pay this off.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
So a vacation call. That's going to be a good one. Yeah, that's going to be a good one. Yeah.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Yes, I have, George. Sketchy and never trust them.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Yeah, they do. Delete.me actually goes in and removes your information from data broker websites. And it is an incredible service that everyone needs.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
That's right. And then once they remove your information, then they're going to send you a detailed report telling you where they found your information, when they removed it, how many hours they've saved you. I mean, it is incredible. So detailed and it's beautiful.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Absolutely amazing. And Winston and I now get fewer texts, weird emails, spam calls, all of it.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
It's amazing. So again, that's joindeleteme.com slash Ramsey. Make sure to check it out, you guys.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Oh, man. Oh, gosh. And that's even if you cancel in the next couple of weeks? Yes. You will still lose that? That's what you're going to lose? Yes. Okay. So you're $1,000 basically out of pocket? Yes. It's $2,500 out of pocket. But $1,000 would be added to go out of pocket. Sorry, that's what I mean. Okay. And are you married? Is there a dual income situation in the home? I am, yes.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
And for New York, are you guys like Manhattan? Where are you guys? Like in the suburbs. Okay. Outside. How much are your operating expenses every month with rent and everything? How much does it take to run your household?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
$120,000. Okay. Do you guys have any debt? None but the house.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Ariel, you can go on this trip. Yeah, just do it. It's $1,000. Okay. Yeah, you're good. You're totally good. Okay.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
You have $200,000 in savings. Mm-hmm.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
okay yeah you've just been living in this tight cut everything out phase for a while which is why that's fair because your savings will eventually dwindle if you're just living off of it so i get it but from like relatively speaking i would not lose 2,500 not to pay a thousand especially where you are with your cash like yeah yeah you're great so what what kind of job do you get go ahead
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
I said, I'll take it. Yeah, for sure, girl. Go on that trip. Yeah. Okay, so what's taken you so long to find a job? What were you doing?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Yeah, yeah. Are you guys able to live off of, I know his income's a little bit unstable just because he's working for the government and everything, but for $120,000, are you guys able to sustain life on that? Are you having to dip into this $200,000 to live off of?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
But it'll you know, I need to find something soon. That's for sure. Keep it afloat. OK. Yeah, for sure. Yeah. And if you guys get to that position, you know, maybe for you, it's even something that looks different and maybe not as.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
High up is where you were. But I think you guys are good. I mean, you're yeah, you're in it. You're in a good spot.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
What was the rental bringing in in monthly rent?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Okay. And you're just kind of tired of it. You're like, oh, I don't want to deal with it. I'd rather sell.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Oh, wow. That's great. Yeah. I mean, I would, um, I like diversification in general. So the fact that you have other properties is great because you're still in that, you know, a little bit of real estate, you know, in your entire portfolio. Um, but if you have a cash offer like this, I mean, I, I would be, yes, I would be tempted to take it. I just know how much work it is to, uh,
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Yeah, if there wasn't savings, what is it just for, like, food, rent, like, all your, just to keep things afloat?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
um keep up with properties and you've kind of played the long game because really when it comes to making money in real estate it really is what you've done where you bought I mean how many years ago you've had it for how long
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Sure. Yeah, so now that it's paid off, and now you have so much equity in it, that's like the payday of rental, right? Where you get to do this and sell it, and... Yeah, put money in IRA, live off the interest, and, you know, I think that's probably what I would do. I think it simplifies everything. And since you're a real estate guy, you still have other properties. Are those other ones paid for?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Okay, Ricky, so how much are you worth? I'm just curious. How much are all these properties combined?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Wow, that's great. Very good. All paid for. Yes, I'll pay for it. Well done, Ricky. That's really cool. Either way, you're going to be fine. I like the idea. We just met with our financial planner this week. Last year, what the market did was insane. It was just crazy. 22 wasn't a great year, but 23 and 24 were great years. It is kind of fun to see the math game
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
in the market just knowing okay you had a piece of property which is ideal right when you make money in real estate you're kind of making it at the buy so you buy it hopefully cheap and then as it appreciates and you gain equity then you get to sell it and that's where you're making the money and so that's i mean it's literally that's what he's done and then go put it in the market and and hopefully knock on wood i know it won't all be that as good of a year as we've had the last two years but it's just been incredible
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Like, if we're cutting back on a lot of things. Yeah, yeah, yeah, no, totally, yeah, like, bare bones would be $6,000.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
How much do you owe for the ones that are suing you?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Yeah. Well, yeah. What I would say, Patricia, is this $4,500, I don't want to give you the wrong advice, but from what I have gathered over the years of doing this show and talking to people, it's $4,500. They say it expires on Tuesday. If it takes you another week to get out of the debt settlement, you call them back 10 days later. They're there. They just want the money.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
I mean, at this point, too, with debt settlement, you haven't paid them for so long. they're lucky to get anything, right? I mean, at this point and how these companies work too, these debts are sold so many different times. They've gone through three different companies. I mean, they're not really keeping track.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
There's a level of intimidation always with them, whether they're on the phone or through mail. And so, I mean, some of it is legit, right? I mean, they can, but I really think, Patricia, if you take all of next week to get out of the debt settlement and it takes you a couple of days,
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
and for them to email over paperwork, like what Jade's saying, and have documentation that you are really out, then I would call this company back and show them and tell them, hi, I had that document. I'm a few days late, but I have $3,800. I can pay you and just settle this now. They're going to take your money. They will take it. So I wouldn't be, I would be on it.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
I would be urgent about all of this because I want you out as soon as possible. But I wouldn't, let their timeline be the one that's dictating all this either.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Revoked along with the entire agreement. Yeah. Mm hmm. Or both. Oh, Patricia, I'm so sorry. You know, you've gotten yourself out of a lot worse situation than this. So this is, you can do this for sure. You can do this. It's going to take some time, but we hope that helps. We're cheering you on.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Oh, wow. Okay, so both options are paid for? Is that what you're saying? Yeah.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Okay, great. What's the, can we ask what school it is? The one, the four year?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Say less. Golly, Grace. You know what? Yeah. Yeah. I mean, I'm going to the school that's paying me. And it's four years. Which is normal. Which is normal. And I think that, again, it's not for – I get this for everyone. Like, some people do the trade route. Some people leave high school and go right into real estate and get their real estate license. You know, like, anything's great.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
But I do think there's something about those four years out of high school where you're on your own. And it's kind of that bridge between – Being so dependent about mom and dad on so many things. And now, like, I don't have to go fully real world. I have, like, four years to get a great degree. Yeah. Learn some life experiences. Kind of have that bridge.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
I think it's, like, from an age perspective, I think it's good.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Because you'll have your whole life to work and do all the things. And because it's paid for, right? I mean, if the money... If all this was different from a money situation, I may have a different answer. But... It's paid for. Yeah. And I mean, I would do it. What's your what do you want your degree to be in?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Oh, that's awesome.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
That is cool. That's perfect. What's keeping you not doing Notre Dame? Is it just because of the time? Like it's for it's two extra years.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Oh, that's interesting. Okay. So you'd be driving home for... And do your parents, would they pay, would they help pay for the state school?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
So teachers are in our top five of baby steps, millionaires, too. So, yes, I saw that on your Instagram. Yes. So, I mean, it's known. Yeah. Teachers don't. Teachers should be paid.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Yeah. I mean, that's what I was going to say, Emily, like running the numbers. Let's just say in a dream world, you put what you're saving for your house and your emergency fund. And you did the classic Ramsey baby steps. You went down to $1,000. You put everything. That means you guys would owe $280.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
way more i have children in public school and i'm like god bless you all of you uh so they should be paid more but if you it is a career over time you know you get the pension like you do there yeah you there are benefits you do move up right but it's yes it's not a career you're gonna make three hundred thousand dollars in right so um so i get that but it's what you want to do right now is it grace
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
OK, I wouldn't. But yeah. And unless you saw like a really clear path to do the state school and do it in two years and pay for it. And that made you feel more comfortable being closer to home or whatever. You know, it may be it may be some extra work on your end to do that option. And sorry. Last question, Grace, is it a academic scholarship that you're getting?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Oh, I gotcha. Okay. Okay. I gotcha.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Okay, okay. Because I wonder, is there any scholarships and grants you could get from a state school option? Just to get some other, you know, some other things.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
And if you worked for one more year and you guys lived on $80,000, because you said it would be terrible, but we could live on $6,000 with everything. And that's the barest bones. Rice and beans, beans and rice, the lowest. I mean, when you do that, yeah, you're going to need, you know, 70,000 ish. And if you guys are making 400 right now, you're making 115 or 150. Yeah. $115,000. $115,000, okay.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
You would have to pay. Over two years, right? So that's $12,000. That's $1,000 a month. I mean, it would be some work for you to do it, but I don't know.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
And it's really hard at 18 to know what you want to do long term. So it can always change. But if you have a niche and like a... an inkling of like, okay, I want to do this. And she said, and I want to teach, I want to teach like, right, go to foreign countries and do this. Like I want to, I want to do that. And Notre Dame has a program for that too. And it's paid for. It does feel like,
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
It's like a pretty obvious option except for that like element of getting home and you would have to cover the cost of that. So that may be meaning that you, you know, work a few nights a week or something just to have some extra cash. I think that's a small thing to figure out.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
I agree. I agree. But gosh, that's great. Great question.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Some Dave quotes there.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
That's what Logan wants to know. Logan, you can relax. Okay. Pop a beer, you're fine. No, so we always talk about, you know, baby steps one through three is intense. So while you're getting out of debt, building up an emergency fund, you are, you're going to be focused and every amount of energy and money is going to get those completed.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
And then once those are completed, then you move from intense to intentional. And so paying this house off, you know, again, some people stay because they choose to in tents. And they just go right down the lane and pay off the house. But this is the time to kind of ease up. Because I don't think, you know, long term. But you and Sam, you guys did Baby Step 2 for years. I mean, it was a marathon.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
So just, yes, relax. Enjoy it. And, yeah, Jade's enjoying herself. As you all see.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Yeah, between like $350,000 and $400,000, I guess.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Almost in a year, Emily, you guys could do this. Now, what the weird mental shift is, these other things you've been saving for, having the safety net of this big emergency fund and this dream of home ownership soon here, you start back to square one when you do this. But that gives you the option then for you to be home. Mm-hmm.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
I think it's like- And if not, they can help find a provider in your area too. Yeah. So I would contact Churchill is who I'd recommend. And yeah, and it is, I mean, yeah, there's a little bit more of the effort put in to this kind of process. Kind of like sometimes it's effort without living with debt.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Like if you don't have a credit score, you know, there may something with insurance may come up, but they pulled your credit report. They don't have anything. So you're gonna have to show them past bills that you've paid on time. Like there's a little bit more effort, but it's way worth it from a mental capacity than keeping debts and managing debt your whole life for the score, right?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
But no, but it is still possible. And people, yeah, they're still doing it all the time. And it's still a possibility.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Let's go through what you'll expect.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Not with a mortgage company, like an ally bank or somewhere, you know, that's be looking online is usually a great option for high yield savings. So yeah, your savings for the down payment should go in a high yield savings account with a traditional bank or an online bank. And then when it's time to actually buy the house, which for first time homebuyers, we recommend a 5% down payment.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
that this debt is paid, and then now we're slowly going to work back to our goals, but we can do this in more of a strong financial foundation. Or let's just dream that maybe you worked one more year. I don't know. And you guys put away another $100,000 to jumpstart.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
And on a 15-year fixed rate with your payment being no more than 25% of your take-home pay. So after you have all of that, then you're able to say, okay, I'm going to go to a mortgage broker or a mortgage company and get a mortgage. So you're going to have to do manual underwriting because I don't have a credit score. And then you keep on moving. Yeah. And it's great. Yeah.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
From your parents' home? Yes.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Oh, okay. Were they using it as a rental, like for an investment property?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Oh, okay. And so they've had it where, what has, what have they been doing with it the past couple of years?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Sure. How much are they selling it to you for?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
And is that like a market value or is that a discount? It's market value. So you're not getting any kind of deal because it's grandmother's home.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
No, that's fine. Yeah. And do you guys, do you feel like financially, are you guys out of debt and have some savings?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Okay. Do you have money saved at all?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Okay. So what would be the down payment for the home?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Okay. Got it. I would slow down a little bit, Sarah. I think it scares you because you guys are in a little bit of a shaky situation. I'd take the $15,000, some money from the $20,000, pay off the car tonight. You'll have $15,000 left. That's your emergency fund that I would re-save for a down payment to make you feel good about it.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Yeah, I was curious about how much per house are you guys making?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
And are you guys working 40 hours? Oh, plus, yeah. It's usually about 60 hours a week. 60 hours. Okay. Yeah. And making 70 combined. Yes. Around $70,000, $6,000 a week or a month.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Well, when you break it down, you know, you're both working full time. So it comes out to be, you know, $35,000 each that you guys are making per year. And I'm just wondering, because the biggest thing for this is to get your income up. Like what Jade was saying, to get out of this is going to be like, that's going to be the biggest thing.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
So I'm just wondering from a time perspective, is there anything spending 40 hours a week?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Yeah. So really, Becky, I mean, it's it's cutting expenses and upping income is what it comes down to. So before even doing anything into retirement, paying off this forty seven thousand dollars in debt like that's that's number one goal. OK. And and then once you pay that off, be stacking some cash after that for an emergency fund and then start looking. Yes. At retirement.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Do you guys have anything saved right now in retirement?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Becky, how do you get more of those jobs? Having someone paying you $30,000? Is there more of that out there? Oh, may have lost Becky. Okay.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Okay. Well, that's great. Well, yeah, if I were you, I think being able to find those bigger fish to fry, if you will, because if it's the same amount of time, find clients that are going to be paying you more for the same amount, right? Absolutely. I mean, it is a little defeating of like, man, 60 hours a week, making $35,000. You'd make more. doing something else. That's right.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
When it comes down to it. So again, I know this is y'all's lifeblood and you've built this business, so I'm not saying to abandon it. But you do kind of have to reevaluate what is my time worth? That's right. And am I charging enough too? We do find that a lot in small businesses that demand is there. Yes. And yet you're like, okay, you've kept your prices relatively okay, but you could up them.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Yeah, and I think too, Emily, it's one of these like, it's a values conversation, right? I mean- You can say, you know, we value right now me being home and it's where I want to be. And if that's what you and your husband agree with from like a lifestyle perspective and that your family decides that, that's great. That's what you guys have decided. Now run the math on that.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Test it. At the very least, test it.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
corporations are going to be less likely to change and absorb some of your raises than individuals like with a homeowner. So yeah, Becky, I would be looking around. And again, that $30,000 deal, that's amazing. So how else can we get that?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Yeah. Well, I mean, I would sit down with your financial planner and kind of map out, OK, if we have some non-retirement accounts, you're going to be paying taxes on the growth. So you need to remember that. And what's worth it? What's worth cash flowing versus living off these investments? And we just had that conversation this week. When does that happen?
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
But as long as you can cash flow things, keep those investments growing. I agree. But when you get to a point as you get older and that maybe income starts slowing down. that's what those investments are there for. And so be taking those out. But yeah, it's a great question.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
And if that starts to feel... like you can't breathe and that you're going to be home, but you're going to be stressed out because you guys are living on nothing for four years where you're like, okay, I could just do one more year, get out of this debt. You know what I mean? Like it's a, it's an either or game.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
But for me, just like now when the baby's little, it might be like, do it now so that you are home when they're four or five, six, when they remember all of it.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
She kind of did it out of spite is what it sounds like. Oh, no, she didn't.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
Go ahead. Did you Kelly Blue Book it for an individual seller by chance? Yes, and that would only be $15,000. So I would still be at $7,000. Yeah, you're still underwater. Okay, I just didn't know. Sometimes you get a couple thousand dollars more for individual.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
hopefully something from her and if you don't you just continue to plow through it because it's on your name yeah is that yes but the thing that she thinks it's funny so she says that nothing's in writing can't take it to court for it and she just went and got a new car she's not yeah you can't i mean yeah that's the that's the dangerous thing yeah and so why what like i again we can't like sit here and like psychoanalyze your sister but yeah but you keep saying that she thinks it's funny and all of that how old is she
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
She is 23. I'm 26. Okay. And she understands the severity of it. She understands what's going on.
The Ramsey Show
You Have To Mentally Take Debt Off The Table If You Want Financial Peace
OK, so it's just it's really a character integrity issue. Jasmine, we we call this around here stupid tax where there's just things that we pay. It's going to end up being eight thousand for you after you sell the car and for the difference of just I don't have the money right now.
The Ramsey Show
The Baby Steps Break You out of the Paycheck-to-Paycheck Cycle
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The Ramsey Show
The Baby Steps Break You out of the Paycheck-to-Paycheck Cycle
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The Ramsey Show
The Baby Steps Break You out of the Paycheck-to-Paycheck Cycle
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The Ramsey Show
The Baby Steps Break You out of the Paycheck-to-Paycheck Cycle
Yes, I have, George. Sketchy and never trust them.
The Ramsey Show
The Baby Steps Break You out of the Paycheck-to-Paycheck Cycle
Yeah, they do. Delete.me actually goes in and removes your information from data broker websites. And it is an incredible service that everyone needs.
The Ramsey Show
The Baby Steps Break You out of the Paycheck-to-Paycheck Cycle
That's right. And then once they remove your information, then they're going to send you a detailed report telling you where they found your information, when they removed it, how many hours they've saved you. I mean, it is incredible. So detailed and it's beautiful.
The Ramsey Show
The Baby Steps Break You out of the Paycheck-to-Paycheck Cycle
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The Ramsey Show
The Baby Steps Break You out of the Paycheck-to-Paycheck Cycle
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The Ramsey Show
The Baby Steps Break You out of the Paycheck-to-Paycheck Cycle
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The Ramsey Show
The Baby Steps Break You out of the Paycheck-to-Paycheck Cycle
Now it's extra money in your pocket and an asset towards turning you into a baby steps millionaire. So get started on the American dream of home ownership today at churchhillmortgage.com. That's churchhillmortgage.com.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
Yes, I have, George. Sketchy and never trust them.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
Yeah, they do. Delete.me actually goes in and removes your information from data broker websites. And it is an incredible service that everyone needs.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
That's right. And then once they remove your information, then they're going to send you a detailed report telling you where they found your information, when they removed it, how many hours they've saved you. I mean, it is incredible. So detailed and it's beautiful.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
Absolutely amazing. And Winston and I now get fewer texts, weird emails, spam calls, all of it.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
It's amazing. So again, that's joindeleteme.com slash Ramsey. Make sure to check it out, you guys. Hey, what's up, guys?
The Ramsey Show
Stop Watching the Market—Start Building Wealth
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The Ramsey Show
Stop Watching the Market—Start Building Wealth
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The Ramsey Show
Stop Watching the Market—Start Building Wealth
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The Ramsey Show
Stop Watching the Market—Start Building Wealth
Yes. Well, and I think we have found one that is incredible, and that's Fairwinds. They are an incredible credit union that is really out with the heart to help the customer.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
Yeah, absolutely. And you're right. Their customer service is unbelievable. Winston and I just signed up and we got an account. And I'm like, it took it took less than five minutes. It was so user friendly, like the step by step approach was unbelievable. And then the next day, my phone rings and it says fair winds on my phone.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
So I answered it and talked to someone there and they said, yeah, they give calls to every new customer. And so again, they just really care about your experience. And I so, so appreciate that. So again, you guys, I know it can be a pain to switch banks or to open up new accounts, but Fairwinds, again, they make it so easy.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
Plus anything that you can do at a traditional branch, you can do with them at fairwinds.org or on their app. And you'll have free access to over 33,000 ATMs.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
Yeah, you guys, it's so easy to join Fairwinds no matter where you live. So go to fairwinds.org slash Ramsey to learn more. That's F-A-I-R-W-I-N-D-S dot org slash Ramsey.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
It started at about $105,000 up to $115,000. What do you do for a living? I'm a director of revenue for a hospitality management company.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
It was mostly from starting a side hustle at a gym.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
I had been with my boyfriend for a while, seriously dating, and we started to have deeper conversations about what we wanted our future to look like, and I just started to realize that the path I was going down was going one way, and the path I said I wanted to go down was another way, and something needed to bridge that together, so... decided to get serious about paying off debt.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
It was a good time. No spouse, no kids, just a good time to hustle and lay a good financial foundation.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
I started with my parents giving me FPU right after I left college with six figures of debt.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
Oh, yeah. No, he was so excited and definitely on board. Obviously, our finances are not combined, but we hustled together. So he's still around? Oh, yes, very much.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
He is, yeah. He's still on the ride. Good.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
Oh, it was the All-American Variety Pack. I had student loans, multiple credit cards, auto loan, personal loan, and medical debt.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
I think the biggest piece was writing a budget for the first time in my adult life. So that was a huge game changer. And then really learned to track where my spending was going and cut out all of the non-essentials. And I think another big piece for me was initially writing. doing the numbers and finding an end date that I could focus on.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
You know, like if I can just stay in tents for 14 months and that really kind of helped just to see where the finish line was.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
I met my goal. It was to pay it off by December 31st of 2024, and I hit it.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
Oh, I'd say both my parents, I would say. My mom's the analytical one, and my dad was the creative mind, but both of them goal-driven.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
Thank you. These are, in case I forget why I'm here, debt-free pants.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
Yeah, I just went to Goodwill, bought some jeans, and then I cut up and sewed another pair on top of these.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
I was taught by my mother when I was growing up.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
Yeah, I'm just enjoying life. Obviously, coming here was an exciting opportunity and have a few trips planned later this year and really just continue to save for the future.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
I think the budget just played such a big role, assigning every dollar a place so that it didn't just disappear. And then for me, a little bit more personally, I would say... just not feeling the need. I'm a people pleaser. And so it was very difficult to feel like I was letting people down by saying I couldn't do certain things or attend certain important moments in other people's lives.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
Yeah, that's been a really cool piece to this as well as seeing others that I've inspired to start this journey as well. And yeah, now I get to cheer them on.
The Ramsey Show
Stop Watching the Market—Start Building Wealth
My family. I have some siblings back home in San Antonio and people from work. Obviously, my boyfriend, Ryan, and
The Ramsey Show
Stop Watching the Market—Start Building Wealth
It absolutely can't be done if you stay intentional and really just fight for the life you deserve. And it can be easy to see social media or society trying to serve you up what you think is a good life, but just knowing what you want and staying true to that is
The Ramsey Show
Stop Watching the Market—Start Building Wealth
Three, two, one. I'm debt free. She is.
The Ramsey Show
Money Is About More Than Math, You Can’t Put Peace Into a Formula
Yep, that's right. This is what it is, man.
The Ramsey Show
Money Is About More Than Math, You Can’t Put Peace Into a Formula
It's definitely not free.
The Ramsey Show
Money Is About More Than Math, You Can’t Put Peace Into a Formula
Do not borrow a car.
The Ramsey Show
Money Is About More Than Math, You Can’t Put Peace Into a Formula
They're just not strong.