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Chapter 1: How do I budget an inconsistent income?
And then your job is to stick to it, to track those transactions, and to take control of your money instead of it controlling you. This is The Ramsey Show. Welcome back to The Ramsey Show. I'm George Kamla, joined by Dr. John Maloney. Open phones at 888-825-5225. Christina joins us next in Florence, South Carolina. Christina, welcome to The Ramsey Show.
Hey, thank you guys so much. I appreciate your time. What's going on? So in 2018, I was diagnosed with breast cancer. And... was out of work, and unfortunately, over the time period that the company I work for allowed. So after 20 years of service, they called and told me they no longer needed me. So I have 401K with that company. I know I should have done something with it, and I did not.
So it is sitting in an account now. And I was just diagnosed in the past year with stage four cancer. So now instead of preparing for my retirement, I am looking to see the best way possible to leave this money for my family. I want to make sure that tax-wise or whatever penalty that's going to be made, it gets the less hit. I would like them to have the most of it.
So how certain are you about your new contracted timeline for just being around?
Wow.
Do you feel pretty confident about that?
I believe in a big God and I know that he can do big miracles and
um so no i don't believe that however i am doing everything possible to make sure if anything does happen um that i leave my family um you know having having the most that they can yeah you're a pretty amazing woman christina yeah to be thinking about your 401k beneficiaries when you're going through something like this speaks volumes to the kind of person you are um i want you to
I'm going to assume you've got longer than a year, but I'm going to pretend like you are that we're going to go ahead and do those things just in case. Okay.
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Chapter 2: What is a peaks and valleys fund?
Chapter 3: How can I convince my family to follow a budget?
Hey, uh, George and Dr. John, how are y'all doing? Well, how are you? I'm, I'm pretty good. I'd say. Um, so my question is, um, I have a sister and a cousin that are in a position in life where they're getting ready to start getting their first cars and jobs and things like that. And I've recently, the last couple of months started listening to the show and got really into it.
And I haven't fully started the baby steps yet. Um, I've wanted to, I just haven't made that leave yet, and I'm just wondering how do I convince them, because I can't deal with my life right now necessarily, but how would I convince them that doing things with cash and not worrying about credit scores and things like that are the way to go?
So you're not doing the plan, but you want to convince others to do the plan? Is that the summary here?
Yes.
You're excited about the plan, and you want them to be excited about the plan.
Mason, this is the most America call I've ever received. Like, we really want to do a thing that none of us are doing. So y'all do this thing. I think the, as the great country lyric goes, you say it best when you say nothing at all, Mason. Just start paying with cash. Yeah. Just start getting connected with your wife.
Your actions will speak louder than words. If you roll up in there like, y'all need to start paying cash and getting rid of your debts. How about you just go, yeah, what'd you do today? Oh, I paid off my car. Felt pretty good. How'd you do that? Well, I follow this plan. And then if they're interested, they'll listen.
But I've never been able to convince someone of something they were not interested in. You just have to lead with intrigue. And they have to go, tell me more about this.
So why haven't you started yet, Mason, if it's such a great plan?
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