📈 Are you on track with the Baby Steps? Get a Free Personalized Plan 📱 Watch the full episode for free in the Ramsey Network app. Rachel Cruze and George Kamel answer your questions and discuss: "Am I wrong to feel resentment towards my sister for taking advantage of our parents?" "I feel like I might as well have truck payments considering how much I'm having to pay to fix my current truck," "Is there ever an appropriate time to stop investing into retirement?" "I'm 46 and I just paid off my house, what's next?" "Is being outrageously giving important when it doesn't feel right?" "We're drowning in debt and don't know where to start," "Should I sell my house or keep renting it out for the income?" Next Steps: ✅ Help us make the show better by taking this short survey! 📞 Have a question for the show? Call 888-825-5225 weekdays from 2–5 p.m. ET or send us an email. 💰Hurry—Your chance to win $5k is almost over! Enter the Ramsey Cash Giveaway today! 💵 Start your free budget today. Download the EveryDollar app! 🎟️ Dave Ramsey and John Delony are going on tour this month! Get tickets today Connect with our Sponsors: 🛒 Stop paying more and start shopping smarter at Aldi 🌱 Get 10% off your first month of BetterHelp 📱Go to Boost Mobile to switch today! 🏥 Learn more about Christian Healthcare Ministries 🏡 Get started today with Churchill Mortgage 🔒 Get 20% off when you join DeleteMe 🏦 Go to FAIRWINDS Credit Union for an exclusive account bundle! 🥗 Save 15% on your first Field of Greens order with code RAMSEY ⛨ Find top Health Insurance Plans at Health Trust Financial 💸 To find out more about student loan refinancing, check out Laurel Road 💻 Visit NetSuite today to learn more 🗂️ Use promo code RAMSEY for 18% off at The Nokbox 💵 Learn more about Timothy Plan 🏛 Get started with YRefy or call 844-2-RAMSEY 🔐 Visit Zander Insurance for your free instant quote today! Explore more from Ramsey Network: 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 🪑 Front Row Seat with Ken Coleman 📈 EntreLeadership Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices
Chapter 1: Am I justified in feeling resentment towards a sibling?
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.
Elizabeth? Hi. There you are. I was worried sick. Okay.
We were so concerned. How are you? Yes. Hi, I'm good. How are you guys? We're doing great.
How can we help? Okay, I'm really nervous. I'm going to pretend like you guys are just my buddies and I'm talking to you.
Don't worry, we're extra nice to Canadians.
We love Canada, so you're great. You're in good hands. Okay, good. All right. So I need to know if I'm being a baby and if I have... wrongful resentment. I am a Christian, so I want to make sure that I have nothing between God and I, and I'm just going to give you guys a quick snapshot. So I'm wondering, am I wrong to feel resentment? I come from a family of four girls.
My husband and I are about to enter baby step number three in about two weeks, Lord willing. So we're really excited about that. Congratulations. Thank you. Yeah. So my parents have been renting for my sister and her husband for about nine years. They pay well above market rent for our area. And they take care of their kids before and after school. They fix things around their house.
They do all their yard work, etc. So I've been asked to be the executor of their will. I know the will is going to be divided equally between my sisters and I, so poor girls, so divided equally into four. And And this is the part, it really bugs me. I'm wondering, like, I feel like in some ways my sister has already gotten her share of the will. And it's not even about the money.
Like, I just, I'm concerned that my parents are being taken advantage of. But my parents are happy to do all these things for them. And it's kind of like they had this agreement a long time ago that they would take care of their kids. And I don't know. I feel like, am I wrong to feel in some way that...
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Chapter 2: Should I repair or replace my constantly breaking truck?
And I and I, you know, you just said you would not change your situation. You wouldn't trade places with her. Right.
So.
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.
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.
Yeah, it's like five stages of grief. Maybe you write a letter. Maybe you give it to them. Maybe you just rip it up. But I think just getting it out on paper would help you move through this instead of just wrestle with it.
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.
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Chapter 3: Is there an appropriate time to stop investing?
You'll look back and laugh, but you've got the money, and so I would just really start doing your research. What are you making from this handyman business? What's your income per year?
It's close to zero. Essentially, it covers my living expenses. Do you make $50,000 a year, $100,000 a year? I'm going to go between $24,000 and $36,000 a year.
Are you working full-time on top of that?
No, sir.
I'm confused. You're making like $12 an hour in this business. You could go work retail and make more.
Yeah, yeah, I definitely agree with you. So I worked in the corporate world for a while, and I made a little bit of money, saved up, and I decided I wanted to go pursue this. So I make pretty good money while I work, but I've only been in business for about a year and a half. I'm 26 years old, and I can live off $24,000 to $36,000.
I really believe that I could grow this to where I'm making around $100,000 a year. in due time, but I probably only work consistently 20 to 30 hours a week. So I somewhat sacrifice a full work schedule with a little bit more free time to where I'm able to learn and do other things. So yeah, I'm kind of investing in myself long-term.
I do understand that this might not be the most positive economic play right now, but I do believe in myself to be able to make this work more down the road. I have a lot of time to put in.
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.
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Chapter 4: What's next after paying off my house at 46?
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Today's question comes from Brianna in Illinois. Is there ever an appropriate time to stop investing? I'm 32 and I'd like to invest up to $150,000 in a 401k with an annual rate of return of 10%. At 60 years old, your calculator says I would have nearly $3 million to retire with without investing anything additional.
If I understand correctly, this will generate $300,000 of interest annually to live off of and still be able to leave the original $3 million to my family. This seems more than reasonable to live off of, though I know things will be more expensive due to the cost of living, but I'll have less expenses. My thought was, why would I continue to invest?
I could apply some of the die with zero principles Rachel has mentioned and give more to my children during the times they need it most if I stop when I have $150,000 in my retirement account. Wow. This is very thought through Brianna. Thank you for this question. Yeah, it is. I got to really think through this.
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.
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?
So it's not like, oh, we're going to just like— If you knew exactly when you would die, that would help. That's right. Most people don't.
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—
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Chapter 5: How to handle outrageous giving when it feels uncomfortable?
I mean, you still got potentially 60, 70 years.
Totally. Yes. Yeah.
Totally agree.
Who knows? We might have hyperinflation. One day, a wealth of bread is going to be like rent. You're like, oh my gosh, I should have invested more. What are we doing? What are we doing?
All right, let's go to the phones. We got Jeff in Salt Lake City. Hey, Jeff. Welcome to the show.
Hey, thank you so much. It's good to be here.
Yes, we're glad you called. How can we help?
So three weeks ago, I'm 46 years old. Three weeks ago, my wife and I paid off our house.
Whoa. Jeff, congratulations.
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Chapter 6: How can I navigate drowning in debt with multiple properties?
Oh, fantastic. I think it's a day of Canada, so thank you for having me on the show. We did. We had a Canadian earlier, so it's good that we're back. That's right. So, you know, I understand that you guys promote outrageous giving, and I am in a position in my life where I'm able to do so. But, you know, I also think about cheerfully giving, and where do you draw the line? So I recently...
had a niece who reached out to me to help her with her down payment on a new apartment she did state that she just found out she was pregnant she hadn't told anyone but just shared that with me but has a past of asking a lot of family members including me in the past for money
potentially for drugs and bad boyfriend experiences and I feel like there's a bit of manipulation in terms of making sure I'm the only one who's been told about her pregnancy where really have a solid relationship either but My sister, her mom had passed away when she was seven. And unfortunately, dad and stepmom didn't treat her well. So I feel some sort of an obligation.
And like I said, I'm in a position to, but where do you draw the line? When you draw the line on being. Yeah. Carefully giving. Well, yeah. And sort of that, you know, that nagging.
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.
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.
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.
Right. Yeah.
Right. So one of my thoughts was, hey, happy to help, but I'd like to directly pay your potential landlord. Yes. When you said down payment, is she trying to buy a house? No, it's for an apartment. Oh, like a deposit. First and last month's rent.
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