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Chapter 1: What is discussed at the start of this section?
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.
Ken Coleman, Ramsey personality, number one best-selling author of the book Paycheck to Purpose and host of The Ken Coleman Show, talking about your job, your career, how you make money, and finding work you love and that you make more money than you ever made in your life. He's my co-host today. So if you want to talk about any of that, you jump in. We will. Phone number is 888-825-5225.
That's 888-825-5225. Robert is with us in Alberta, Canada. Hi, Robert. How are you? Doing well. How about yourself? Better than I deserve. What's up?
All right. I'm looking to buy my first house with my wife. We have about 150,000 saved and my in-laws are being generous and lending us about a hundred thousand help with the down payment. That's enough for us to get a decent town home in our area.
Um, and that way we would only owe family, but at the payback rate they want with my in-laws, um, we have room for about a hundred thousand dollars mortgage while staying below your recommended 25% limit. We're wondering if it's a good idea to take the mortgage if, as a result, we might stay in the home longer. Or am I just trying to talk myself into debt?
Well, it sounds like all of these decisions are made except the last one, so I'm not sure how much I'll be able to influence this because you all aren't going to like my answer. I would recommend you don't take out a loan with your in-laws.
Oh, really?
Yeah. The borrower is slave to the lender, and when you owe your father-in-law money, Thanksgiving dinner tastes different.
Yeah. All right.
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Chapter 2: Why is borrowing money from family discouraged?
This is The Ramsey Show. Ken Coleman Ramsey personality is my co-host today. Thank you for joining us. George is with us. George is in Boise, Idaho. Hi, George. How are you? Been better. How about you guys? Better than I deserve. What's up?
So I have a kind of a weird question. I'm wondering if I should get a job and Yes.
I was going to say the same thing. I'm sorry.
Chapter 3: What are the implications of taking a mortgage from in-laws?
It was an underhand pitch. Go ahead.
So it's kind of a very, very unique situation. I applied to a government job back in January of this year, and I got a start date for last Monday. Long story short, the week after My last week at my previous job that I quit the Wednesday, HR calls me and says, Hey, we gave you a start date on Monday, but it actually isn't going to happen.
Um, and we don't know how long it's going to be because it's a government job. So it has some security clearance. And she was saying that it can be anywhere from a month to a couple to a year that we can get you approved. And I asked her, okay, well, can I get a job in the meantime? And she said, if you do that, then it's going to delay your clearance and could push you back right now.
So my wife and I, luckily we have no debt. We have three months of emergency fund, but, We're just in a situation where we're not sure what to do in regards to it.
Get a job. Get a job. You don't let some woman from the government give you that kind of nonsensical answer like you're supposed to put your life on hold. And I don't want you to touch that emergency fund either. Not when you are able.
And I don't want you to take the government job.
Yeah, well, that's the other. That's the red flag I hadn't gotten to yet. But that's what a joke. Like, would you want to work for somebody who treats you that way?
No, not at all.
Then walk. Get back on the horse. Get back in there. Don't touch the emergency fund.
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Chapter 4: What advice is given for paying off debt while raising a baby?
Now, how much is it going to pay, the job you're not going to take with the government?
Oh, sorry, about $110,000.
Okay, wonderful. And you said you're doing what, facilities management?
Facility engineer.
Facility engineer. For some kind of a classified facility?
Correct, yes. Okay. It's for the Navy.
Okay.
All right.
That's why the security clearance. All right. Well, I suspect if the government is willing to pay you $110, you're probably worth more than that.
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Chapter 5: What career assessment should I take to find my next job?
Yeah, I think you need to go take Ken Coleman's career assessment and figure out. It's like $20 or $30 at our website at Ramsey Solutions, okay? Figure out some things you need to do. And then you don't need to run from something. You need to move to something. And the CDL is just you running from something.
But you have you have five weeks to I'm making this up to select something to start moving towards. And then I'm going to give you four months to move towards it. So you need to be out of the church teaching business by the end of the day today. And you need to be out of the state teaching business by the end of the year.
Chapter 6: How can I effectively transition to a new career?
Yeah. Yeah.
If you don't give yourself some deadlines, you'll bathe in the sewage.
Yes, because you're comfortable with what you know versus what you don't know.
The devil I know.
And I think, Dave, you make a very good point. There was a season of life where you were excited about being an instructor and a guide. And to the extent that you might be able to move to another state agency where you are in training, that is still the heart of instruction, of guiding people. And so look in where you've got relationships, because this is a government job.
Certainly kick the tires on that.
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Chapter 7: What are the key factors to consider before quitting a job?
As long as you're training, instructing.
I enjoy teaching. You do, absolutely. But I refuse, early in my career I refused, but I really refuse now to be trying to teach someone that's there against their will. Correct. So if someone wants me to come speak to their organization and the people in their organization are there against their will, I'm not willing to do that. Mm-hmm.
or I'm not willing to go speak to a bunch of people that vehemently disagree with me, and my job is to be there to piss everybody off. No, thank you. I've got other things to do.
Chapter 8: How can I manage my finances while pursuing a career change?
I want to talk to people that I can actually help and move the needle for. So, you know, that's just human nature. You don't want to bang your head against the wall. It's just silly. So, yeah, you need to be teaching probably. I think you'll find that after you take the assessment. Yep, I agree.
I think he'll probably see the result of influence, which is very people-focused work, and probably see communication there, instruction. You'll see those themes. So go get that. RamseySolutions.com is the Get Clear Assessment website. And for anybody thinking about that, how do I take those results and put it into a real-time job? Very simple.
You take that purpose statement, which is a wonderful gift that we give you there as a result of all of your other detailed reports, and you begin to say, this is what a job description looks like where I am now. on purpose. I am there doing something that makes a lot of sense to me because I'm good at it, I enjoy it, and the results fire me up. That's what you're looking for.
And in this case, he wants to engage with humans who want to learn something in order to be able to do something.
I've got a friend that was a classroom teacher and got burn up, burn out and beat up and was done with it. And so she went on to another career and, you know, some corporate training and things where she actually enjoyed it. But instead of doing the ministry thing at church, she is teaching the U.S. citizenship course.
Oh, fantastic.
And she said it's the most inspiring. I'm sure. And, I mean, these people know more about American history than we do. Sadly. These folks trying to become citizens. And, man, she said English is second language, almost the same course, you know. You're teaching it that way. Oh, my. She said it's just she's so excited to go down. And, by the way, they don't even pay her. She goes for free.
Wow.
You know, it's just incredible. So, yeah, that's a side thing or ministry thing. And so, yeah, if you get in the right situation where people are begging to learn. Oh, and you're a teacher. Oh, it's just about the most fun you can ever have. It's just chocolate chip cookie straight out of the oven.
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