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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 in storage studio, it's the Ramsey Show, where we help people build wealth, do work that they love, and have amazing relationships. I'm John Deloney, joined by my good friend, Jade Warshaw, and we are talking about money, life, everything. 888-825-5225. It's 888-825-5225.
Let's go out to Lexington, Kentucky and talk to Angela. What's up, Angela?
Hi, how are you all? Thank you for taking my call. I'm a bit nervous.
Oh, don't be nervous. Jade's good at this. I'm not that good, so you're all right.
You always say that, but you're kind of my favorite. Don't tell anybody else.
Well, you just told me.
She wasn't paying attention. What's up? I'm just kidding.
So I was calling because I wanted to see if there was some new thing that I don't know that I haven't tried to try and get my husband on board. I found out about Dave Ramsey about seven-ish years ago, shortly after I got into church. And told my husband about it. He wasn't very excited. And then he jumped on board for a little bit. We paid off a bunch of debt.
Um, and then he kind of fell off the wagon. We ended up getting debt free and then got back into debt. Um, and like in recent conversations, he's like, why don't we just do our own plan? I'm like, Because this is a proven plan.
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Chapter 2: How can I get my husband on board with financial planning?
Yeah, we learned our lesson. Do you see what I'm saying? But the more you caveat it with reasons why it was okay, the more likely you are to do it again.
And I'm guessing your husband's not going to get on board because you're not on board.
Well, I'm on board. No, you're not. Girlfriend, you are not on board.
You borrowed money. Why are you living in your mother-in-law's basement?
Because she's a widow and it was to help her out.
What did she need help with?
Finances. She doesn't work and draws disability and things.
Okay. It may be time for some... Let me just say it like this. If I found myself in your situation, And it's not as though you were dropped in here. This is just a global, you've made some errors, your husband's made some errors, you all found yourself in this place. You are taking care of somebody who's not working, who's drawing either Social Security or disability. It's just a big old mess.
I would take my husband out for lunch or for breakfast. And again, people always ask me, why do I always say that? Because if you take somebody out for dinner after a couple of hours, when you get to nine or 10 o'clock, there's no more productive business meetings happening.
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Chapter 3: What should I consider when relocating to a cheaper area?
Or do we want to look at each other and say never again? Never again. And that means starting with we're not ever going to borrow money, ever. That means we are going to always check in with each other and be people of honor and integrity with one another and then with everybody else. And that means we are going to follow this plan and we've got a laid out plan here.
And honey, I'm on board and I've been getting mad at you for not being on board. I haven't been on board either. And we're not going to live at my mother-in-law's house. She may at some point move in with us because we're going to take care of her. That's great. But we're not going to...
find our dignity and worth and stand up tall by living in my mother-in-law's basement it's not how that's going to work so we're going to move out we're going to get our own place and we're going to start building on our own two feet and you're going to have to ask your husband to be a grown man and not a child anymore all of this is going to have to start happening stay on the line we're going to i'm going to send you financial peace university for a year the every dollar app and i'm going to send you a copy of my book own your past change your future i want you and your husband to read that together we'll be right back
This is The Ramsey Show, 888-825-5225. If you're a new listener and you want to know what we're even talking about when we talk about things like the baby steps and the snowball and all those things, go to RamseySolutions.com and click on the Get Started button. We're going to help you figure out the next best step for you in your financial journey based exactly where you are today.
A lot of times people say, well, that call didn't have anything to do with me. We can tailor make this thing for you, okay? RamseySolutions.com, click on Get Started, and we'll walk you to debt freedom from there. Let's go out to Lane in Calgary, Alberta, Canada. What's up, Lane?
Hey, John. Hey, Jade. How are you guys? We're good. How are you? Pretty good, pretty good. Can't complain. Excellent, man. What's up? So basically, I just wanted to, I guess, say thank you to you guys just for teaching what you teach. I guess for some context, my wife and I are 23, my wife is 21.
Uh, we have a 15 month old daughter and, uh, like three, four days ago, our house got wiped out by a tornado.
No, man.
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Chapter 4: Is it wise to pay off student loans right now?
Y'all everybody's okay.
In Calgary. Wait, where are you? We actually live about an hour, hour North of Calgary. Um, near Gisbury. I don't know if that means anything to you, but, uh,
yeah i didn't know they had that kind of weather there is that normal we do now yeah uh so this is the biggest uh tornado in alberta in the last 36 years quite a few farms taken out we're rural so um thankfully there were more people but uh no one was hurt by the way but uh yeah if anyone was in our house they would have been No more. We'll put it that way. Wow.
But, like, we have most of our stuff, you know. We don't have a house. We're living with my mom for the time being, and we'll transfer into other things. But I just, you know, when it happened, like, we hightailed it over there. And I guess, to put it in a way that makes sense, like, I don't care financially.
Oh, wow.
We're on baby step four, five, and six. Good, man. We have an emergency fund, and I was way more worried to make this call to talk to you guys than I was about our house being wiped out. Wow. I just wanted to say thank you. It means the world that you guys are teaching stuff. My mother-in-law actually introduced me to you guys. Man, I'm so grateful because I don't know where we'd be otherwise.
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Chapter 5: How should we prepare for the potential shift to digital currency?
Dude, that means the world that you took the time to call, Lane. Circle back and appreciate it. And I think it's important for everybody to know that Jade and I have no illusions. We know we're just a couple of knuckleheads on the radio.
You did it.
You're the one actually working, man. I appreciate it.
Wow.
Good for you. Good for you, man. I'm glad everybody's safe and okay, and I'm glad that y'all get to make the next step move from a position of strength, not a position of desperation. That's incredible, man. Wow. Very fortunate to be here. Well, dude, I'm really grateful that you circled back and gave us a shout, dude. That means the world to us.
You know, John, people call in and they thank us and they're happy with the results of the plan. And we said, and we weren't joking around, he's the one that did the work there. And I think sometimes we've seen it on previous calls. I think sometimes with Financial Peace University, people kind of get it in their head that it's a magic trick. And then if I just take the class and
the class will do its magic work and I'll be magically where I want to be financially. And that's not how it is at all. You get the information and you get to choose whether or not you're going to implement it. You get to choose whether or not you're going to go all in. Cause I mean, when you really stop at like, We know it's a plan that works for people who choose to work it.
We know that it's helped millions of people get out of debt and change their lives and not just get out of debt, but go on to build wealth and become baby steps millionaires and things like that. But those are the people they choose to show up every week, right? Because it's nine weeks. So they choose to say, this is a priority for me for nine weeks.
I'm going to cut out and carve out this area of my time. I'm going to show up, whether it's in person or online, because you get your choice. And they're the heroes in this story. It's not us. We get to, like you said, be on here and and be goof offs on the radio. And for some reason, people listen to us and it's amazing. But they're the ones who carve out that time.
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Chapter 6: What are the financial implications of moving to a new area?
And that's when it works. So if anybody's interested in going through the same plan that helped my guy out, come on. Tornado blew down his house and yet here he is. Financial Peace University. You can find that going to ramseysolutions.com slash FPU.
And one more thing, and this is for everybody listening. We have a bad psychology where I'll forever remember right after 9-11 happened and all of the, I don't remember if it was Senate or the House, the Congress was on the steps of the White House singing together and it was this moment. And humans have an ability to come together in madness and make clear-headed next right decisions.
man, we make the stupidest decisions in times of, it's all good, it's all good. We just pretend reality doesn't count.
And so- Short memories. Yes.
And so I don't mean this in a caustic way at all. But what happened to Lane will happen to all of us. Life will come at us. Moms will get sick. Kids will have issues. Tornadoes will hit houses. It's not a matter of if, it's a matter of when. And so this plan
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Chapter 7: How can I effectively budget for a move?
And I say this plan, living a life where you don't owe anybody anything. You said it earlier, living a life where I am fully empowered to be as free as possible in my health, in my relationships, in my finances, in where I work, an ability to stand up tall in a culture that is so disempowering.
Man, chopping you down.
When it comes... the most annoying thing will be who's gonna call the air conditioner person. I wanna call and say thank you and I'm nervous about that. That's the hardest part of losing my house. It will come. Do you have a group of people with you that you can weep with? Do you have an emergency fund? Do you have these things? Because it's gonna come.
And we had thousands and thousands of years of farmers who knew this. don't go through all your grain. You're going to have a couple of years where it doesn't rain. That's life. And in two short generations, we've just thought we're smarter than nature and we can beat it all with our smarts and our technology. It doesn't work, man. It will come for you.
You make a great point because it's true. And I don't say this to be like a fatalist or to be negative, but you cannot plan your life based on best case scenarios. Like so many times people call in and I've been guilty of it. It's like you have this idea of something you can do, but if you really stop to break down your plan, everything has to be perfect in order for it to work. And it won't.
Not one domino can fall in order for it to work, right? And then what happens? That one domino falls that you never perceived could fall and you're like, holy crap, everything's caving in on me and I don't... And that's why things like this are so important. I mean...
one one call we had the girl's got diabetes right and she's trying to get her medication how great would it be if that's never an issue for her again she's just got the money piled up she's got the financial piece you know you i heard you talking about your electricity electricity problems and it's like to just be able to up i mean you can just up and pay that bill but i know there's plenty of people listening who if something happened and the electrical went out on their house they'd be up a creek because there's no margin there there's no room for error
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Chapter 8: What advice do you have for managing debt during a transition?
My AC went out the other week. It was happening to be one of the hottest days and my husband was out of town. The hot... You know, it was like, no big deal. All right. Nobody likes to pay for things like that. But do you know what I'm saying? Like, just to have that peace of... Yeah.
We're good. It's that peace.
It's the peace.
But life's coming. The tornado's coming. And again, it's not a fatalist thing. It's not a, ooh, we're fear mongers. No.
It's just life.
We just do life with people who are hurting. We wouldn't have a job if everything went right all the time.
All right.
And so... Live a life where you're connected with other people. Live a life where you enjoy going to work. Live a life where you don't owe anybody anything. And like I said a minute ago, in a world that is telling you, you can't survive without us, stand up tall and say, yeah, I can. As for me and my house, yes, we can. We'll be right back.
We'll be right back.
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