📈 Are you on track with the Baby Steps? Get a Free Personalized Plan 📱 Watch the full episode for free in the Ramsey Network app. Dave Ramsey and Jade Warshaw answer your questions and discuss: "What is my obligation to my future in-laws who make bad financial decisions?" "How do I motivate my wife to get on board with becoming gazelle intense?" "I'm being sued by an insurance company & my family wants me to file bankruptcy. What should I do?" "I moved states to support my girlfriend but we broke up. Should I move back home?" "Should I pull my investments out of the market and move them into real estate?" "The board at my church wants to get a mortgage for a parsonage they can afford to buy in cash," "Can we afford a Cybertruck in our current financial situation?" Next Steps: ✅ Help us make the show better by taking this short survey! 📞 Have a question for the show? Call 888-825-5225 weekdays from 2–5 p.m. ET or send us an email. 💵 Start your free budget today. Download the EveryDollar app! 🏘️ Find a Ramsey Trusted Real Estate Agent 🛒 Get your copy of Build a Business You Love today 🎟️ Dave Ramsey and John Delony are going on tour this month! Get tickets today Connect with our Sponsors: 🛒 Stop paying more and start shopping smarter at Aldi 🌱 Get 10% off your first month of BetterHelp 📱Go to Boost Mobile to switch today! 🏥 Learn more about Christian Healthcare Ministries 🏡 Get started today with Churchill Mortgage 🔒 Get 20% off when you join DeleteMe 🏦 Go to FAIRWINDS Credit Union for an exclusive account bundle! 🥗 Save 15% on your first Field of Greens order with code RAMSEY ⛨ Find top Health Insurance Plans at Health Trust Financial 💸 To find out more about student loan refinancing, check out Laurel Road 💻 Visit NetSuite today to learn more 🗂️ Use promo code RAMSEY for 18% off at The Nokbox 💵 Learn more about Timothy Plan 🏛 Get started with YRefy or call 844-2-RAMSEY 🔐 Visit Zander Insurance for your free instant quote today! Explore more from Ramsey Network: 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 🪑 Front Row Seat with Ken Coleman 📈 EntreLeadership Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices
Chapter 1: What should I do if I have a large inheritance but my future in-laws have financial troubles?
Glad to have you. How can we help? Good. Let me try to be brief. So I'm 26 years old. I'm a law student, got no debt, got a job lined up at a big corporate law firm once I graduate. And actually, doing better than that, a few years ago, I inherited about a million dollars. Wow. Nice. Yeah. This inheritance, to me, it's like I treat it like a sacred gift from God.
And I feel like I have a responsibility to be a really excellent steward of it. So I'm very safe. Principal protection investment strategy for this money. It's in a trust account. Only I control it. I got a financial advisor on it. Feeling good about that. Good. Thing one. Thing two, I'm getting married in a few months. I've been dating my now fiance for almost four years.
She's the youngest of many siblings. She has no assets or liabilities of her own, virtually no income potential. She's a pianist, but we're actually happy about this arrangement. She wants to be a mom. I'll be a breadwinner. This seems good. My question is about my future in-laws. So her parents are retired. They actually live in China.
And they lost a lot of money by mortgaging their fully paid for apartment for leverage in a risky investment, which of course failed. And there's something like $25,000 in the hole. So I guess, my question is I'm thinking about how, how I should manage this. Um, like what's the right thing to do here?
These are the, my future in-laws, like on the one hand, their family, I could pay off their debt, like literally 40 times over. Uh, what I'd be a jerk not to run the other hand, Part of me doesn't really feel like using my money, soon to be our money, to help people who in retirement mortgages are only safe asset for leverage in a single risky investment.
Are they asking you for help?
No, I'm just thinking ahead. In fact, my fiance doesn't actually know about the full extent of my wealth, and I haven't really been sure how to explain this to her.
Interesting. So you know this about the in-laws. The in-laws don't know about your wealth, nor are they asking for you to do anything about it.
Correct. Interesting. I'm just thinking ahead on what, because I imagine this could come up. Yeah.
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Chapter 2: How do I motivate my spouse to get on board with financial discipline and becoming 'gazelle intense'?
Yeah, it's meant to be controversial. It's meant to push people, you know, make them think.
It's meant to get 40 million views. That's right. That's what it's meant to do, and it does. But it has nothing to do with who I really am or how this message works. Yeah, I would be careful with that anyway. But anyway, the thing, the mistake that most people make, including me with Sharon on some things, is I would ask you, okay, you said, I'm ready to drink the Kool-Aid.
I want to get out of debt. I'm ready to do all this stuff. I'm ready to be gazelle intense. And my question is, why? Why are you doing that?
I make good money. I'm a young man. I mean, I think I'm a young man. I'm 27. I make really good money, but it's paycheck to paycheck, and that's how my wife and I both grew up.
Why do you want to do this stuff?
I want to give my kids the life I didn't have.
Ah, okay. There it is. A good why. Good wife. How many kids you got? Two. Good. Okay. So guys are worse than ladies on this. We generally, when we come to our wives with something, we tell them what instead of why. And if you'll tell her why a lot, she'll start asking about the what.
Because there's very few women on the planet, unless they've got psychological disorder, that when their husband looks at them and says, I want to give our children a better life and I'm terrified, they say, oh, we don't want to do that.
So she agrees. She wants to get out of debt. I've explained the snowball. She likes the process. She just doesn't have the same intensity.
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Chapter 3: What are the best strategies when being sued by an insurance company for damages?
They'll take it because they don't think they're going to get anything, dude. Right. They're going to consider this a gift from heaven.
that is true okay because statistically you're a bankruptcy looking for a place to happen but dude there's no way you're bankrupt you can make this kind of money and pay it off you're going to get it all cleared up because you just stack cash and live at home and go work five jobs you'll clear the whole thing up if you have to but you don't have to you call them and work a deal get it in writing from them before you give them any money
I need it in writing that you accept $5,000 of settlement in full on this claim, on this judgment. When I get that in an email, I will wire you the money that day. But you got to go get the money first before you make the phone call, right? Right, right. So are you going to do that? You think this will work? Yeah.
There's no reason it shouldn't. You said you're making $1,800 a week now, and you're living at home.
Yeah.
Instantly.
Yeah, I was on the verge of calling him in this morning making a payment plan. No payment plans.
No payment plans.
You have the $5,000.
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Chapter 4: Should I move back home after breaking up with my girlfriend I supported by moving states?
Yeah. Do the man thing. Have your own place. Pay your own bills. Work like a person. All that kind of stuff. Do the man thing and stand alone. And then you'll like you better. And the next time you go into a relationship, you'll be a different person.
Yep.
Rather than.
Mistakes are research. They're a good way to learn what not to do and what works and what doesn't.
I figured out that leaves a mark. That's right.
Ouch.
Sam is in New York City. Hi, Sam. How are you?
Hey, guys. Thanks so much for taking my call. I really appreciate it. Sure.
What's up?
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Chapter 5: Is it better to keep investments in the stock market or move them into real estate during volatile times?
Chapter 6: Why are credit unions recommended over big banks?
Mark's in San Antonio. Hey, Mark, what's up?
Hey, Dave, how are you?
Better than I deserve. How can I help?
Hey, I am struggling with getting my wife and I on the same page on getting out of debt. I've been an avid listener for you guys only about two months, but yeah, multiple times a day I'm trying to catch up on Spotify and I'm really buying in. I think Deloney says drinking the Kool-Aid. I want to go gazelle intense and really get after everything.
And I got the every dollar I did our budget, and we have a lot of debt, and my wife is not as terrified about it as I am. I just needed some advice on how I want to get her to see things my way, but I'm smart enough to know that we have to see things the same way, not my way.
That's good. Does she listen? Does she listen at all to the show?
She does not.
Have you sent it to her just to say, hey, I've been listening to this podcast. I really like it. You might like it too.
I've said a couple things. She likes the message. She doesn't always like Dave's delivery. So it's hard to get her to follow through with it.
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Chapter 7: How can AI tools help small businesses improve efficiency?
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Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. I'm Dave Ramsey, your host. Jade Walshaw, Ramsey personality, number one bestselling author, is my co-host today. Linda is in Detroit. Hi, Linda. How are you?
Thank you for taking my call. Sure. I'm wondering if my church should go into debt to purchase a parsonage.
No.
So we own a home. I figured that'd be your answer.
Yeah.
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Chapter 8: What upcoming events and tours are Dave Ramsey and John Delony hosting?
Okay.
But the board wants to keep that money in savings and not spend it on the home. And so we feel like we don't want to accept that mortgage offer for two reasons. One is because I don't think that the church needs to go into debt to buy the home. It's not a need. They have the money in savings to pay cash. Frankly, I think it's completely foolish for the church to go into debt for it.
And additionally, we buy and sell a lot of real estate and we know that mortgage offers can tend to drag on and on. They take longer to close. Sometimes they require dumb little stuff to be fixed on the house. And so we're willing to accept less on a cash sale just for simplicity.
Where like if we list it to the public, we would probably ask closer to the appraised value or even more to help us, you know, give us time and feel like we can put up with the nonsense that comes with a mortgage because we're getting more money for the house.
So unfortunately, a lot of our friends at church have told us that we're straight up in the wrong, that we're being absolutely ridiculous to insist on a cash sale. And I just wondered if you agree, if you think that we're being ridiculous to say that we want it to be a cash sale.
I mean, just that first pass on this, it's your property and you get to choose what offer you accept. That's thing one. But if you're attempting to control, are you on the board at all? Are you part of that at all? Are you in leadership? No. No leadership.
But I think she's a member of the church and she doesn't like what they're doing and she doesn't want to participate in it.
I'm fine with that. That part, I think it's fine. And it's your property. You get to choose. Yeah. The only thing that I thought you do have to be careful of is trying to manipulate it too much. The side of it that's on your side is your side. That's the property side. You trying to manipulate the church side to do what you specifically want them to do, I feel like you have to be careful of that.
Well, if this was an independent issue and it wasn't your house, but the church was going to buy another house and you're a member that has the same concern, then there's still the concern. It's still stupid.
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