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Chapter 1: What is discussed at the start of this section?
Live from the headquarters of Ramsey Solutions, this is The Ramsey Show. It's where we help you win in your life. We're going to help you win with your money, with your relationships, and in your work. 888-825-5225 is the phone number. 888-825-5225. I'm Ken Coleman. Dr. John Deloney joins me this hour, and we are here for you, so let's get to it.
Ann is going to start us off in Raleigh, North Carolina.
Chapter 2: How can I find my passion in a job?
Ann, how can we help? Hi, so basically I am a recent graduate from North Carolina A&T and I have been struggling to find my passion in graphic design and that world and I just really need help on trying to figure out my passion and I also need help on trying to figure out my finances and find the right career to help me pay my student loans. Okay, how much debt do you have?
I am in $25,000 worth of debt. That's including credit cards and student loans. Okay. And what is your income right now as a graphic designer? Well, probably like less than $1,000 a month. Are you just freelance, part-time? I'm a freelance graphic designer, and I also work as a part-time customer service representative. Okay.
And so when someone tells me I'm trying to find my passion, the way I define passion is just find something I really enjoy doing, right?
Chapter 3: What mindset shifts are necessary for pursuing a creative career?
There's some meaning in it. It's enjoyable. So we're on the same page with that. Okay. Correct, yes. So when someone tells me, well, I haven't found it in graphic design, that tells me that at some point you chose graphic design as a destination or a direction based on what you know about yourself. Is that fair? That is true. So let's forget graphic design.
Let's just take that out of the equation. Let's not worry about titles, the type of work. I want you to just fill out for me, just kind of real quick, don't even overthink it. What would you do tomorrow if I paid you what you needed to make and you just were like, I'm going to try this tomorrow. I may try this for two weeks. I'm not committing the rest of my professional life to it.
Chapter 4: What practical steps can I take to explore my career options?
I just think I'd like to try this, Ken, and just see if I'd like it. What pops to the top of your mind? becoming an illustrator and doing animation. Well, that just flowed right off the top, huh? How much have we thought about that? Well, I've always wanted to do that.
Since I was a child, I knew I wanted to create cartoons and illustrations, but I feel like people don't want to see that, and I don't feel like I can actually do that and make money. Now we're on to something, Dr. John. We've got a lot of imposter syndrome going on here. I doubt that anybody will like the illustrations that I will draw. Fair? Yes, that is true. The giggle reveals every time.
All right, so I want John to weigh in on this because I think this is no question a mindset. This is a mental thing, too. But I'm going to tell you that you're just dealing with good old-fashioned doubt, what we now call imposter syndrome.
is such a goofy phrase number one you're not an imposter you're the real deal if i talk to everybody that knows you and they would tell me that ann was doodling and drawing her whole life i'd have teachers tell me about your talent i'd have coaches i'd have parents siblings friends everybody would say that ann is not an imposter in wanting to do illustrations and animations and uh i can also tell you that you don't have a disease
Okay, you just are dealing with some good old fashioned doubt. And doubt to me is defined as I don't believe that something good will happen if I move forward on this. And so you chose something that was close to animation and illustration, right? Yes, correct. All right. So let's just simplify this for a second, and I want to bring John in.
He's always got great insight on what we're thinking and feeling, but I just want to be very practical for you, okay? The step forward on this is very simple. You need to identify... All the different types of jobs and work that are in that illustration animation field. I mean, to the top of the Disney animators, all the way down to what an entry-level role would be doing this for this.
Okay, you know that world better than I do. And in about an hour online, you could get a pretty exhaustive list of all the types of jobs in those fields. True or false? That is true. That is true. Disney is my number one company I want to work at, but that's true. Great. I'll come back to that in just a second, but I got to hurry, okay?
So I'm going to identify what's out there, and then I'm going to ask myself four questions. You got something to write with? Yes, I do. Okay, here we go. First question is, once I've seen all these different types of jobs that I know allow me to illustrate or animate, do the thing that I love, that allow me to grow, now I've got to ask this question. What education do I need?
May or may not be a degree. You just graduated anyway. Do you need further licensing, certification? That's what I mean, okay? So do I need to learn anything more, okay? Now I ought to ask, what do I need to do? What's the experience I need to eventually get to Disney? So I'm looking at entry level. I got to start here. Then I climb here. That's what do I need to do?
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Chapter 5: How should I handle my mortgage and income situation?
So my husband brings home $325,000 a year, and I'm a freelancer, and so it varies anywhere between $60,000 and $80,000 a year. Okay, so you know our formula, right? Is it like 25% to a third of your income? 25% is the high end, is that we don't want you going above 25%. Okay. So you're giving me your gross numbers, not your take home. So you got to run the numbers on your take home. Okay.
I think you're probably okay there. I'm trying to, I'm not the best.
Chapter 6: Why is it important to evaluate my financial comfort level?
If you're making 325 plus 80 and you have a $400,000 mortgage, that's, that's a no brainer. That's fine. That's fine. It's okay. Here's what I don't like. I don't like that. For some reason, your body is telling you to run from this.
That's right. Well, it's just, it's scary. I mean, it's just, we're very risk averse.
Chapter 7: What advice is given about moving and renting?
Our current home, we only owe $20,000 on the mortgage.
Why are you building a million dollar house?
Okay. So my husband had a new job and that's another thing. It's a new job, the relocation. So we're still, you know, getting our footing and trying to figure out what is the take home? What does it look like? Um, We are, it's an expensive area. My priority was the school system and the school that I liked the best just came with a very high price tag.
Chapter 8: How can I create a peaceful home environment during financial transitions?
Are you moving to Hilton Head? No, so we're in Hilton Head now and we're moving to Metro Detroit area. Okay, can I tell you something? I would rent. I think John's right. There's a check in your spirits, a new job. There's a lot of unknown. And you owe so little on your current house, which means you're going to get a lot of equity. You're going to have a lot of cash to sit on when you sell it.
I would rent. That's what Stacey and I did, and so did John.
That's what me and my wife did. When you moved to a new city, dude, I would not buy a house. Especially with kids. You don't know where your friends are going to live.
Well, this is the issue. This is the issue is that the kids need to get into a school. They do. You can rent. You do realize that people that rent. But then we might have to change schools. No, no. If we decide we like this area. No, you can rent. And it's in a different school. No, no, no, no. Listen, you pick the school system. So I'm going to give you an example.
John knows exactly what I'm talking about. We chose Williamson County. OK, they're surrounding counties here in this area. And we heard that Williamson County's were the best school. So we said, all right, we're going to get in Williamson County public schools. Well, we did not lock in was neighborhood and house.
So what I'm saying is pick pick what is a really good school system and situation and then rent. But let me also say, how old are the kids? They're 8 and 10. Let me tell you, if a year from now you realize, ah, we want to be over here and that's a different school, trust me, 9 and 11-year-old, they'll be fine switching schools.
Or they're going to roll into middle school here pretty quick.
Right. Okay. You see what we're talking about, though? We're trying to remove the risk that you're worried about. Which I admire. I think you've got to check in your spirit for a reason.
And here's the bigger picture. This isn't some random principles. This is what me and Ken did in our own families.
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