You Can't Blame Your Way to a Better Life (Own It!) (Hour 1)
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Live from the headquarters of Ramsey Solutions, broadcasting from the pods moving in storage studios. It's the Ramsey Show, where debt is dumb, cash is king, and the paid off home mortgage has taken the place of BMW as the status symbol of choice. We help people build wealth, do work that they love. and create actual amazing relationships. I'm your host, Dave Ramsey. Jade Warshaw, Ramsey personality, newly minted. We're here. Has been on a couple of times on the air so far and going to do this hour with me as my co-host today. Open phones at 888-825-5225. Just a reminder, Jade has led a bazillion Financial Peace University classes, has listened to every show that I've ever done in 30 years. so she knows all the answers to all the questions.
Oh, and she and Sam paid off almost a half a million dollars in debt.
Okay, that's a tall order, Dave, but the $460,000 of debt, that one's about right.
The first one was correct.
The first one was correct.
I mean, no, the last one was correct.
Yeah, and the FPU part.
The others might have been slightly exaggerated.
Slightly, slightly. Definitely listen to you for the better part of 15 years, almost all three hours.
Well, you and Sam used to play answer the question in the car before I did.
Yes, we did.
People would ask questions. Y'all see if you could beat me to it.
Oh, yeah. You're talking about true nerds here. And I used to put the personalities to the test. When they came in, I listened very closely to those answers. But, of course, they were nailing it, too.
Of course. And now you just lied again because they don't always nail it.
Well, you know, that's not for me to say, Dave. That's for you to say.
All right, let's start off with Chicago. David is on the line. Hi, David. Welcome to the Ramsey Show.
Hi, excited to talk with you all today.
You too, sir.
Thanks for taking my call. Sure, what's up? So, I have a side hustle that has turned into something far more lucrative than I thought it could ever be, to be honest with you. That's great. And it's making, yeah, it's making real money.
Wait, wait, wait, help me. What's real money?
I made $30,000 last year with it. $30,000?
As a side hustle, that's good. Okay.
Totally unexpected side hustle. But I cannot tell you where a single one of those $30,000 went. I looked at the reporting over the weekend and I almost threw up. So, yeah, my my question is, how do I tame this side hustle? Because it's very hand to mouth, my own personal thing. No one watches it. I work and I get paid. I just want to be better with it and actually have some money to look at at the end of the year. What are you doing, dude? So you might be able to hear it in the background, but I'm actually a bird sitter. I was going to say, it sounded like animals. She is not calming down, and she will knock it off of me, but here we are. But no, I bird sit for about 100 different parrots in Chicago. Oh my goodness.
And I'm the number one guy on Google if you search bird sitting Chicago. I'm the first guy that pops up. So 2023 could be a big year for me. And I, again, just want to make sure I'm not burning the cash as it comes in. Is it just you? You're the only one bird sitting? It is. It is just me. Yeah. So I have a certification. I've worked with parrots for...
over half my life and i'm very very good with them um but yes it's just me and my me and my ultima driving around taking care of the birds wow very cool good for you man that's fun thank you so the easiest way to get started on this is just treat it like a business because it is And I would just open up a separate checking account, Bird Sitters R Us or whatever it is, right? And just put your name on there, David so-and-so DBA doing business as Bird Sitters R Us. And you just do it in your social security number. You don't even need a tax ID number to do it. And then throw all of your bird sitting money into that account. And then you can just pull up the register on that account at any point, and you can tell what's going on.
You can tell where the money is, right? And then if you pull it out of there to bring it home, quote, unquote, out of the business, you need to set aside a fourth of it for taxes, because as you have discovered, you have $7,500 in taxes due on this, don't you?
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