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The Ramsey Show

Live Like No One Else So Later You Can Live Like No One Else!

30 Aug 2023

Transcription

Transcript generated automatically by AI and may contain errors.

Chapter 1: What is discussed at the start of this section?

27.487 - 46.912 Dave Ramsey

Live from the headquarters of Ramsey Solutions, broadcasting from the pods, moving and storage studios. It's the Ramsey Show, where we help people build wealth. do work that they love, and create actual amazing relationships. Thank you for joining us, America.

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46.932 - 69.123 Dave Ramsey

Dr. John Deloney, Ramsey Personality, host of the Dr. John Deloney Show, one of the more popular podcasts on the Ramsey Networks, is my co-host today. He's the author of the number one best-selling book, Own Your Past, Change Your Future, and the soon-to-be number one best-selling book that is in presale right now, Building a Non-Anxious Life. We put this out on pre-sale a couple of weeks ago.

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69.163 - 94.556 Dave Ramsey

It is breaking all kinds of internal records, meaning a whole bunch of you want to build a non-anxious life, and that is a good thing. The book actually comes out October the 3rd, and we will let you buy it now for $20, and we'll give you $75 worth of extra stuff. including a talk, instant access to his newest talk, Smoke, Fire, and Freedom, that he did at one of our events.

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95.277 - 100.647 Dave Ramsey

We're going to send that out to you. It'll break down a lot of the lies about anxiety and help you begin to fight it.

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Chapter 2: How does Dr. John Delony's new book address anxiety?

101.248 - 108.22 Dave Ramsey

So that's $75 worth of free stuff and the book for all for $20. In other words, we're bribing you to buy it early.

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108.2 - 130.393 Dave Ramsey

uh because it helps john it helps us with the marketing and the bestseller lists and all that kind of stuff if you buy it in the pre-sale time thank you it's if you want to be of help to us you can do that thank you and you're going to get a lot of good stuff when you do it it's fun and it's selling like crazy john it's a good time it's a good time very good stuff let's talk about building a non-anxious life for a second

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132.179 - 132.741 Dave Ramsey

We need to.

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134.746 - 137.072 Dr. John Deloney

We need to. Yes, let's talk about it.

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137.092 - 139.94 Dave Ramsey

It's bad out there. It's ugly out there.

140.421 - 148.483 Dr. John Deloney

Yeah. You and I were recently on another podcast together, and we –

148.463 - 169.273 Dr. John Deloney

talked about we always knew that one guy who had a nervous breakdown back in the day like back when we were kids there was every church or every neighborhood had that one guy it was kind of a mysterious thing when i was a kid somebody just kind of disappears for a while yeah and when you asked like what happened well there was this kind of trauma and there was this kind of work schedule and there was this kind of this and just running and running

170.553 - 185.867 Dr. John Deloney

And that's the world we've created for all of us in the 21st century right now. And so I think everybody is running around trying to whack-a-mole their stress and whack-a-mole their frustration with their spouse, whack-a-mole their relationship with their kids.

187.109 - 198.079 Dave Ramsey

Their loneliness. Yeah, and we're just dumping gasoline on a fire. Their financial problems. Yeah. And it's just running in circles. The frenetic movement, and yet it feels like a rat in a wheel.

Chapter 3: What insights are shared about building a non-anxious life?

443.752 - 446.68 Dr. John Deloney

I don't think she's going to do that. I don't think she's going to do that.

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446.881 - 450.586 Dr. John Deloney

But the live events team, they said, what do you want people to feel?

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450.606 - 452.349 Dave Ramsey

People would pay double this for Deloney dirt.

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452.369 - 468.391 Dr. John Deloney

Oh, man. She said, hey, I mean, the live events team said, what do you want people to feel when they leave? And I said, I want them to look at the person they came with and say, what just happened? That was incredible. And so that's what we're building up from the floor up. It's going to be fun. Oh, that'll be fun.

468.491 - 488.424 Dave Ramsey

It's going to be fun. That's a big call right there. That's a desired future that's real. All right, check it out. October the 5th, the week the book comes out. It's a book launch party with John speaking, doing Q&A, signing your book. It includes a copy of the book. Tickets start at $35. RamseySolutions.com slash events. Get your ticket now.

488.525 - 489.887 Dr. John Deloney

Come to Nashville. We'll have a blast.

490.147 - 515.326 Dave Ramsey

Hey, or if you're in Nashville, just come on down the road. We'd love to have you anywhere around here. It's all good. This is The Ramsey Show. Dr. John Deloney, Ramsey Personality, is my co-host today. Open phones at 888-825-5225. Day is with us in Washington, D.C. Hi, Day. How are you?

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I'm doing well. How are you?

Chapter 4: How can listeners engage with the upcoming book launch event?

1254.299 - 1272.101 Dr. John Deloney

That wouldn't hurt. Because you think that this is going to be perfect for us. Maybe it's not. And you might find, hey, we have a small rent house. We could do a townhome. It'd be great. We think we need this, but we're fine. Or you might know, no, we're going to kill each other. We've got to get out of here. And that means you have to move twice, which is the worst on top of the worst.

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1272.161 - 1275.348 Dr. John Deloney

I get that. Yeah. But, man, I think long term it might be smart.

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1276.43 - 1286.972 Dave Ramsey

But mathematically and falling in suit with what we teach, an $80,000 mortgage making $150,000 and having a plan to pay that off in four or five years, that's perfectly fine.

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Okay. And also, I just want to say, Dr. John Deloney, I have pre-ordered your book the day that you announced it.

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1293.781 - 1298.953 Dr. John Deloney

I can't wait to read it. I've been thinking my mom was just hitting refresh, so thank you for confirming that.

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No, at least one other one went to me. Excellent.

1302.1 - 1310.221 Dr. John Deloney

You're the best. I'm grateful for you. Thank you, Molly. Thank you, Molly. We appreciate that. We have sold more than two, so we know it's not just her mom. I think my mom's just hitting refresh. I think she's just burning through her 401.

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She's going to have them all up in the garage.

1312.124 - 1313.206 Dr. John Deloney

They're going to be piled up in the garage.

Chapter 5: What should we consider when facing medical debt with a newborn?

3226.018 - 3243.257 Dave Ramsey

I appreciate your help. Not all of it, but most of it. And, man, a guy like that, it's like he's heard all the jokes over and over, all the bad 13-year-olds. He laughs all the way to the bank. Yeah, and it's just – I can't imagine what the decal on his –

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3243.237 - 3265.33 Dr. John Deloney

uh the the rap on his on his van says right or when all of his military buddies get together and they just go around i mean there's some great these guys that do pooper scooper they got great names out there that are hilarious oh yeah i mean if there's some fabulous names i remember a teacher during covet who paid off like a hundred grand because she would she was teaching and she was driving and delivering and i remember thinking

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Chapter 6: How can we balance saving and debt repayment during a medical crisis?

3265.31 - 3277.135 Dr. John Deloney

She's one of those curvebusters that takes everybody's excuses away. Mark goes into that camp. $100,000 collecting dog cha-cha down his neighborhood. That a boy, man. Wow. There's no more excuses left.

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Gotta love it. Serious mic drop.

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Chapter 7: What steps can we take to ensure financial stability after a life change?

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This is The Ramsey Show. Brittany is in Atlanta. Dr. John Deloney, Ramsey personality, is my co-host. Hi, Brittany. Welcome to the Ramsey Show.

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Hi, how are you?

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3297.163 - 3298.245 Dave Ramsey

Better than I deserve.

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3298.285 - 3311.787

What's up? Me and my husband were wanting to call in. We obviously have debt. We have a mortgage and some other things like an SBA loan for the business, equipment loans.

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Chapter 8: How can we shift our financial goals after achieving debt freedom?

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But we recently had a baby in July, and he was born with most of his – he has like 1% of his small intestine left, which leads him to be life-dependent on TPN, IV nutrition. He'll eventually long-term need a transplant for his small intestine for sure. We don't know about the other organs. But our question is, do we stop saving? We have an emergency fund. Do we stop paying off our debt?

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in stockpile for what's to come we know that it's going to be very expensive but we're not sure to what extent like medicaid insurance will help cover so we were just kind of wanting your advice on that what do we do for long term because for the transport we'll have to relocate things like that so it's going to be very expensive how you doing okay that's pretty pretty rough thing how many babies have you got

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We have two boys, and my other baby I had early, but nothing was wrong with him. But with Benjamin, it was kind of a shock to us that it was so much was dead. But he's had two surgeries so far, and they both went well. He has a central line. He'll have food through like a bag, IV nutrition, until he can get a transplant, which could be as little as one or up to teenage years.

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The older they are, the better the success.

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3397.913 - 3404.561 Dave Ramsey

All right, so the only debts you have left are SBA and mortgage.

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I can tell you exactly what we have. $188,000 is on our mortgage. We have $15,000 on car payments and work equipment. And then we have the SBA loan. That was $50,000. Um, so altogether we have about, what's your household income? He brings in about 50 K a year, but he has two to 3000 that's retained savings, retained earnings, but he keeps that held back. But by the year it's about 50 K or so.

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And I stay home with the boys.

3446.105 - 3449.37 Dave Ramsey

Okay. All right.

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Um,

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