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Chapter 1: What is the main topic discussed in this episode?
Live from the headquarters of Ramsey Solutions, broadcasting from the pods, moving, and storage studio, it's The Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. I am Ramsey Personality, Rachel Cruz, hosting this hour with best-selling author Ramsey Personality and fellow friend Ken Coleman.
Yes, good to be with you.
Glad you are here. And thank you, America, for tuning in. And it is a free call anywhere in the country at 888-825-5225. And we're taking your calls on everything from career, work, money, relationships. Give us a call.
Chapter 2: Should I move out of my parents' house at 27?
So we're going to start off the phones this hour with Kayla in Houston, Texas. Hey, Kayla, welcome to the show. Hi, thank you for taking my call.
I'm excited to get this question answered.
Oh, I'm so glad we are here for you, Kayla. How can we help?
Yes, so my question is if I should move out of my parents' house, and if the answer is yes, what do I need to have prepared to do that? So I'm turning 27 next week um i just got a job in january and i'm making about 60 60k um good for you what are you doing i'm gonna count it good for you yes you should move out i should move out okay unless unless
there's some extenuating circumstances to why you're wrestling with this, meaning do they need you in the home? Is there something special here, or is this just you've had a season where you've been with them and you're wondering if it's time to get out of the nest?
It's nice not to have to pay rent, the saving money whole thing.
Right. What's the story?
The story is there's no rush from our parents. I mean, we have a great relationship, and so it's really just, There's nothing wrong with home life. I started the plan to financial peace like in February. And so since then, I've paid off about like four thousand.
Good for you.
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Chapter 3: How do I handle a toxic work environment?
So probably just leaving my dad by himself.
Okay.
And just because of just loneliness and he won't have a companion there, that kind of thing? Or is there like a health issue at all? the companion part. Yeah. Yeah. That's totally fair. Yep. I totally get that.
And, you know, Kayla, I think it is, um, especially in your circumstance when it is a single parent household and, you know, whatever had happens, um, you know, with your mom, whether divorce or he's a widower, you know, there's a natural caretaking when she's kind of become an adult and you start to stand on your own, that you, um,
start to you put on some of those roles of like, OK, I want to make sure I take care of my parents. So even that emotion, Kayla, is very, very normal. And I want to applaud that. I think that's a really kind part of who you are. And you probably have a great relationship with your dad. But I would say one of the best things that you can do for Kayla is
is to move out and and honestly not because again that it's a bad situation you're in because obviously it's not um but something happens kayla to you when you move out on your own and i always use this as an example it's kind of a silly one but it's just the truth like
Something happens in your brain and in your daily habits when you go to the refrigerator and open it up like, oh, crap, I'm out of eggs. I forgot to buy eggs. OK, I got to go to the store. I have to like you start to have to problem solve from small life issues like eggs or something, something in the groceries all the way up to big things.
And you just start to have a level of of self-sustaining and a level of dignity that is created in that for you to I think help advancing careers and relationships. It just, it causes you to grow up. And Kayla, I think you're at a place that you can do that. And I would encourage you to that. You don't have to move far, right?
If you get an apartment somewhere and rent for a little bit, it can be close to your dad and you guys could have like, Hey, let's do weekly nights where we, where we hang out. Yeah. I mean, you can still have a relationship with him. Yeah. It won't be as convenient, obviously, because you're just not right there.
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Chapter 4: What financial advice can help single moms?
Anytime we step into something new, the unknown, it just gets us. It's just who we are as humans. Financially, You've already paid off $4,000. You got this new job. It's a good job. So work with a budget before you make this move.
Start running numbers, everything from groceries to, and I think since you have the safety of living with your dad right now, I would use this and say, before I move out, I'm going to actually come up with a budget, a plan, and I'm going to start paying for things that maybe dad's paying for.
and let's let's go ahead and practice this let's do a dry run yeah for sure i don't know what you think about that but i think that will help her deal with the unknown of hey can i do this and do life well living on my own i think that's an important stuff kayla if we give you every dollar the premium version that connects to your bank it's our it's our budgeting app and it allows you to really budget and see where your paycheck's going and start to plan out will you use it
Yes. If we give it to you. Okay. Well, hold on the line.
Love it.
And Emily's going to pick up. And I think, Ken, that's a great, I think do a mock budget and just see, okay, here's the rent that I can afford. Here's what I need to be looking for. It just starts to narrow this whole idea of I'm moving out. And it starts to give you some guardrails. And I think it's really, really important.
Once you see the numbers, you won't be scared. Because you go, wait a second. I can actually do this. And then that moves to, I'm going to do this.
Yep. It's great. Thanks, Kayla, for the call. We'll be back. Welcome back to The Ramsey Show.
i think we'll get to the calls uh this hour but i'm so nervous about where she's going folks i i am buck hold on let me put my seat belt on click we're staying the course oh good i wish we could have taken our conversation that was that was in commercial break on air but we will not do it for you a little behind the scenes we have some of the most exciting conversations during commercial breaks you wouldn't even believe it that's what they should put on the youtube
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Chapter 5: Am I advancing too quickly in my career?
You're so boring. My brother, who's the most logical guy on the planet, he went to Houston and saw everything and he said, after seeing it, there's no way that they did all this and they broadcasted it live. We're going to get kicked off the air.
We really are. Folks, it's been great. Rachel and I have enjoyed serving you on the Ramsey Show.
If you were an astronaut that landed on the moon, um they're not listening right it's really good for you or for you or for you in life so don't think we please forgive us forgive her she knows not what she does it's just it's time for question of the day it's just fun so the ramsey question of the day is brought to you by neighborly Your hub for home services.
Neighborly is the place to find reliable help for your home from trusted locally owned businesses like Glass Doctor, Mr. Handyman, and Mr. Appliance. Visit Neighborly.com today to find home experts available to serve you.
Today's question comes from Hannah in Virginia. She writes in, I currently work two jobs, one full-time job making $1,600 a month and one part-time job making $800 a month. At my main job, I'm running into financial issues with my boss recently. I've got the raise that I've been asking for, and then with no warning, I get it taken away as a lesson. Ouch.
It turns out my boss had been doing shady things financially with other employees. For example... He makes some of my coworkers work overtime, but refuses to pay them. Or he's not giving them all their hours on their paychecks and not paying them in full. Boy, this guy.
How is this guy even still working?
Yikes. With my other job, I'm waiting to hear if I will get full-time. I'm wondering if I should quit my full-time job before knowing if I get full-time hours at my second job. I can't keep working in this toxic environment with my shady boss. Okay, so...
I don't know what kind of financial situation you're in, but no matter how toxic this is, and I believe you, Hannah, but I don't think this is toxic enough for you to walk away without another job to go to. Now, if you have the financial margin where you can look for two or three weeks, then I'm okay walking away today. But unless it is an abusive, dangerous situation,
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Chapter 6: What are the signs of a toxic boss?
You did something wrong, and so it's like being grounded. It sounds like financial grounding by your boss, which is really weird. So weird. So we want to get out, but let's do what's best financially, and I think you're going to be fine.
yep but yeah i would not put up with this nonsense much longer nope nope all right let's go to the phones we have mariah in houston texas hey mariah welcome to the show oh mariah are you there yes i'm here oh wonderful thanks for joining us how can we help yeah thanks for taking my call um i just have a lot of different things but um
Currently, I'm in a financial crisis, so to speak. I'm going through a divorce. I'm a newly single mom.
Oh, I'm sorry.
Yeah, I moved back home to where I lived before getting married and everything. Before I moved, we sold my Volkswagen car for $3,000. I used some of that to move, and the car just wasn't reliable to have my son in. He's only one, but... I kept the car that we had in both of our names, but now it's out for getting taken. And, um, I can't afford the monthly payments anyways.
Um, I don't have another car. I did buy a cash car last month, but after driving it a few times, the engine blew out and it's not, it can't be fixed. I don't know what else to do. Um, I'm in baby step two. Um, But I just don't know. I don't know what else to do other than try to find some other cash car. But I don't want to have that risk again of it not being reliable.
You know what I mean? Well, the engine going out that first month, the engine going out the first month, did you, was it the only type of car that you could afford? Were there other options? Did you know that it was in bad shape? Did you, you know, have a mechanic look at it before you bought it or anything? Yeah.
My dad had looked at it and everything, and it was a rebuilt engine, and it only had 79,000 miles on it. It was a 2008 car, RAV4 Toyota. I loved it. He looked at it, and just within the week of me having it,
um i was driving back from dallas to houston and it just the engine blown on me gosh okay all right so you there was an internal oil leak inside of it no one could tell no one knew okay it just yeah okay so mariah um are you working right now yes thankfully i was blessed to keep my job through this Huge life change. I work from home. I make about $38,800 a year, but income is different.
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Chapter 7: How can I budget effectively as a single parent?
I am so sorry. Yep. I know.
I've, I've tried doing it every dollar, but I cannot get my brain around it. And I want to do financial peace university. I just don't have the money and I just, I don't know what to do. That's why I was like, I'm going to call and see what they say.
Yes. How, how recent was the divorce?
We're still going through it. Okay. So, um, we go back next month to finalize temporary order.
Where are you living?
Um,
I live in Houston right now. Well, like just you and your son, like in an apartment? Did you get a house, parents? An apartment, yes, ma'am. Okay. All right. You know what? Let's do this, Mariah. Hold on the phone, okay? We're going to hold you over the next segment because I think we can walk through a couple of options for you, and we'll definitely gift you Financial Peace University for sure.
That's on us.
And I want to get her with one of our financial coaches, a few sessions, just to get her a baseline.
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Chapter 8: What steps should I take to get a promotion?
Back to Mariah in Houston, Texas. And Mariah. was on in the segment right before this and she is going currently through a divorce ken um she's been trying to budget she can't get a grip on it and it just seems overwhelming her car died out you know um i guess a few weeks ago she was saying and she really doesn't know where to begin or how to move forward is that accurate mariah Yes.
So far, okay. Yeah, and I still have the car that we both have in our names, but it's about to get taken because I can't... It costs too much. I can't afford it. So I just... I don't know whether to use my savings to... Make a payment to get it off of the repo list so I can make it to court next month.
All right, so we're going to jump in. We're going to ask a lot of questions right now to just get a handle on the numbers and see if we can give you a clear path forward, okay? So when you talk about the car that you guys jointly own and it's about ready to get taken, is that by the repo? So you've got all that coming your way and they've said, we're coming to get it?
Yes.
Okay, how much is owed in order to not get it repoed? um 2,800 okay and how much 2,800 is owed on the vehicle yes for right now for it to be on no that's just back payments right okay yeah so what is the car worth um when I when I looked it up there's about 18,000 okay and you owe how much on it not not even including the 2,800 and back payments what's the total debt on that car Don't be scared.
We're not going to judge you. $36,795.
Okay. All right. And so what is keeping you from selling that car and getting at least $18,000 for it?
I'm scared. I don't know. Okay.
Okay. So if your dad, you got a good relationship with your dad, you got some friends, you got some people in your life. If you called them up and said, hey, I need help. I'm just so overwhelmed right now. Help me sell this car. And you put it on Facebook marketplace or whatever. But if you can sell that car and you can, and let's just say you get 18 for it. Okay.
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